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NOVEMBER 1966 / VOLUME 46 NUMBER
11
StFKVEY OF CURRENT BUSINESS
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CONTENTS
U.S. Departmeiit 0f C
J0jba T* Connor /Secretary
BUSINESS SITUATION "
-' V
-V *
,
Summary
National Income and Product Tables
Sales of Foreign Affiliates of ILS. Firms in 1965
liidtistrtalliiipact of the 1966 Housing and
Commercial Building Decline
;
"-- V'' ; \Y-'' ' ; - ; ' . - ' . - :
- : - '•
ABTICLES '
Recent Developments in Money and Financial Markets
Patterns of Output Growth
>
J
REVISED SERIES
Manufacturing and Trade Merchant Wholesalers
, /,;;v'-,•* '"',';.' ; :' • - . . . '
Retail Inventories
Commercial Bank Credit
William H* Shaw /Assistant Secretary
for Econon^ic Affairs
1
4
7
11
Office of Business Economies
George Jaszi / ttimctor
*
Morris M* Goldman Lotiis JF, Paradiso
• Associate Directors • ' • , , ' • • ' > " ; - .". ^ \ - - - " . : \ V \ \
Murray F* Fbss / Editor
13
; ' • •', \
•;
..
Leo ¥* Barry, Jr. / Statistics Editor
Bill? Jo Hurley / Graphics
18
STAFF CONTRIBUTORS TO THIS ISSUE
26
27
28
CURRENT BUSINESS STATISTICS
General
S1-S24
Industry
S24-S40
Subject Index (Inside Back Cover)
Business Reviews
Oavid R. Hull,. Jr. ;
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Samuel Pizer \ ^ - ; \l • "• , • • • - . • ; ; : ' . • . ' ?
Frederick Gutter ;^, - : : ' ; / \ '• : > ;\Vv."'.Vv "
Norman
Articles: ' • ' • - , . ' \
BonaldA. King
Francis :L* Hirt. '
-'
June S. Jeener
\ Thelma
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the BUSINESS SITUATION
CHART 1
New Orders for Durable Goods
Third quarter 1966 total unchanged
from second quarter
Billion $ (ratio scale)
30
25 -
Total v
20 -
I I I I I I I I I I I I I I I I I I VI
H I I ;l
Orders rose further in industries producing
machinery and equipment and defense products
6.0
5,0 Machinery and Equipment
4.0 -
3.0 -
2.0 -
i i i I i J I I I i l l i i i I I I i I » i I IT
1.5
Declines occurred in construction materials, steel,
and consumer durables
4.0
Construction Materials
3.0 -
2.0 -
1.5 -
Consumer Durable Goods
i
i i i I i i i I i i i I i ii I i i i I i i i I i
1961
62
63
64
65
66
Quarterly Totals, Seasonally Adjusted.
U.S. Department of Commerce, Office of Business Economics
66-11-1
E,
ECONOMIC activity continued to
rise in October as seasonally adjusted
personal income and establishment employment reached new peaks and industrial production improved after slowing
in September. The course of total
activity continues to be dominated by
rising business capital outlays and a
strong expansion in defense purchases,
although some crosscurrents have become more prominent since late summer. The pace of inventory accumulation has apparently lessened; the
decline in residential construction has
been extended, and net exports remain
sluggish. Sales of new cars in the first
month of the new model year declined
slightly, after seasonal adjustment.
Pressures on prices also appear to
have moderated in the past few months.
The indications have been clearest in
wholesale markets, where the index of
prices for commodities other than farm
products and processed foods was unchanged for the fourth straight month;
farm and food prices dropped sharply
in October as livestock and meat
supplies expanded further and crop
prospects improved.
Income and employment up
ment in the trade and service industries
combined advanced 120,000 in October,
and manufacturing employment was up
75,000. Most manufacturing industries reported some increase in employment, the largest gains occurring in
metals and machinery and in apparel.
Reflecting the slowdown in building
activity, employment in contract construction declined, as it had each
month of the third quarter, and in
October was barely above its level a
year earlier.
Industrial production recovers
The index of industrial production
rose to a new record in October, with
further increases in output of business
and defense equipment and a sharp
recovery in auto assemblies from the
relatively low September level. Auto
producers turned out 830,000 new cars
last month, a sizable advance for the
month after seasonal adjustment but
somewhat below planned production.
Dealers' sales of new domestically
produced cars totaled 795,000 units in
October; after seasonal adjustment,
this represents an annual rate of 7.9
million cars. The sales pace was off
about 5 percent from the third quarter
average and was somewhat below the
October 1965 level. Output exceeded
retail deliveries last month, and dealer
inventories rose further.
Personal income rose $4.6 billion in
October to a seasonally adjusted annual
rate of $594.6 billion; this was the third
month in a row in which the total rose
more than $4K billion. Wage and
salary payments increased $2.6 billion
last month; personal interest continued Third quarter corporate profits and
to rise, and transfer payments were up revised GNP
$1.4 billion as a result of medicare and
According to revised estimates, GNP
other programs.
rose
$12.3 billion from the second to the
The payroll advance was due partly
to a seasonally adjusted rise of nearly third quarter, or $1K billion less than
200,000 persons in establishment em- was shown in the preliminary figures
ployment over September, when em- published last month. The downward
ployment was relatively low because an revision from the earlier third quarter
unusually large number of teenagers figures was attributable to inventory
left summer jobs for school. Employ- investment and net exports. Accord1
SURVEY OF CURRENT BUSINESS
ing to the new estimates, inventory investment declined $2K billion, at a
seasonally adjusted annual rate, from
the second to the third quarter, and
net exports fell by $K billion. The
increase in real output was about 1
percent in the third quarter as compared with % of 1 percent in the
second.
Corporate profits, including the inventory valuation adjustment, declined
from a seasonally adjusted annual rate
of $79.9 billion in the second quarter to
$79.3 billion in the third. The decrease
centered in manufacturing, particularly the automobile industry. Aftertax profits decreased $% billion over the
quarter, and with dividends unchanged
and capital consumption allowances up
$X billion, corporate cash flow remained
at the second quarter rate. The figures for the latest quarter are subject to
revision next month.
bookings for defense products during
September. Orders for defense products rose $1.5 billion over August,
bringing the third quarter rate of defense ordering some 15 percent above
the rate for the second quarter of 1966
and 40 percent (annual basis) above
the full-year total for 1965. Although
the Census Bureau includes civilian
aircraft under defense products in its
monthly manufacturing series, there can
be little doubt that orders for military
aircraft have risen considerably.
Machinery orders remain high
September orders for machinery and
equipment were about the same as
their high levels of July and August,
making the third quarter the eighth in
CHART 2
Consumer Prices Up 3.3 Percent
New Orders for Durable Goods
Producers of durable goods continued
to book a large volume of new business
during the summer and early fall. New
orders rose sharply in September after
seasonal adjustment, exceeding the
previous peak reached in March; for
the third quarter as a whole, they
averaged $24.4 billion a month, the
same as the monthly average for the
second quarter (chart 1).
The continued buildup of the -U.S.
military effort gave an impetus to
orders for defense products during the
third quarter. However, orders received by nondefense industries eased
slightly from first and second quarter
levels. The slippage resulted mainly
from reductions in orders placed with
steel mills and with producers of motor
vehicles, other consumer durable goods,
and construction materials. Orders received by producers of machinery and
equipment increased further as businessmen expanded their capital investment programs.
Percent Change
3
4
TOTAL
Medical Care Services
Transportation Services
Food
"Other" Services
Household Services
and Rent:
Apparel Commodities
Nondurable Commodities
excl. Food and Apparel
Durable Commodities
Increases in Food and Service Prices
Account for 3/4 of total rise
Medi
Transportation 7.2%
Other Services 7.0%,
Durables 5.3*1
Upsurge in defense orders
The new orders total for the third
quarter was sustained at the second
quarter rate by a sharp advance in
Nondurables (excl.
Food & Apparel) 10.9%'
Orders ease for steel and construction
materials
Food 31.7%
Recent Price Changes
Apparel 8.0%
U.S. Department of Commerce, Office of Business Economics
a row in which new orders for machinery
have risen.
Nonelectrical machinery orders,
spurred by demands from manufacturers to enlarge plant capacity and to
improve worker productivity, have
advanced vigorously so far this year.
In the third quarter, new orders for
nonelectrical machinery averaged 2 percent above the rate for the second
quarter and were nearly 12 percent
higher than in the third quarter of 1965.
Electrical machinery orders have shown
an even larger gain, especially for types
of equipment used by the public utilities. Orders received by producers of
household electrical appliances, including radio and television sets, increased
substantially during the last half of
1965 and have remained on a high
-plateau throughout 1966.
The slowing of residential and commercial construction activity has
lowered the demand for steel and other
construction materials in recent months.
Although new orders received at steel
mills declined slightly from the second
to the third quarter, orders were still
at one of the highest rates in recent
years, even including periods of heavy
inventory buildup associated with strike
threats. Defense requirements for steel
are undoubtedly offsetting a large
part of the decline by other sectors,
which probably reflects the cautious
inventory policies of auto and appliance producers as well as the weakness in construction.
Orders for construction materials and
supplies other than steel have responded more directly to the drop in
construction activity. New orders declined from a peak of nearly $3K billion
a month in the first quarter of 1966 to
an average of $3.3 billion in the second
and slipped to about $3.15 billion in the
third. The inflow of orders in September was the smallest since August
1965.
Third quarter 1965-third quarter 1966
2
November 1966
Data: BIS
66-11-2
A lessening of inflationary pressures
was evident in the wholesale price
index for October, which fell 0.6 per-
November 1966
cent for the largest monthly drop in 4
years. On a seasonally adjusted basis,
prices of farm products and processed
foods combined decreased 2.6 percent
while industrial commodity prices, after
3 months of stability, edged down 0.1
percent.
Meat prices down., production up
Almost all components of the farm
and food price indexes eased in October,
but some of the largest declines were in
livestock, poultry, and processed meats.
Meat prices are reflecting the very
sizable increases in production that are
now occurring in response to higher
prices earlier this year. Slaughter of
livestock and poultry during the third
quarter was at a new peak, after
seasonal adjustment, nearly 10 percent
above the first quarter level. Although
beef production has increased only a
little since last winter, pork supplies
have risen 20 percent and poultry
slaughter 10 percent since then.
Among industrial commodities, the
pattern of mixed price change evident
since midsummer continued in October.
As in September, the most prominent
decreases were for products whose
demand has slackened perceptibly;
prices of hides and skins have fallen
because of much lower export demand,
and lumber prices are off considerably
because of the decline in residential
homebuilding and commercial construction. In some cases—manmade textile
SURVEY OF CURRENT BUSINESS
fibers and certain industrial chemicals—
prices have eased because supplies have
risen much faster than demand.
Steadily rising demand for machinery
and equipment has been reflected in the
trend of wholesale prices for these items.
Among the 13 major industrial groups,
only the machinery price index has
advanced uninterruptedly this year.
The 0.6 percent rise in seasonally adjusted machinery prices during October
was the largest monthly increase in 6
years and boosted the index 2% percent
above its December 1965 level.
Consumer price rise slows
Falling prices for meats and poultry
moderated the advance in the consumer
price index during the third quarter.
On the average, third quarter consumer
prices, seasonally adjusted, were up
0.7 percent from the second quarter
after increasing 0.9 percent in the
first quarter of this year and 1.1 percent
in the second.
Retail meat prices have been moving
steadily downward since March and in
the third quarter averaged 2.8 percent
below those of the second quarter.
The decline in meat prices during the
summer months about offset large price
increases for many other foods, notably
dairy products, cereals, and bakery
products. As a result, prices for all
foods at home were virtually unchanged
in the third quarter; food prices rose
2.9 percent in the first quarter and
L2 percent in the second. The cost of
housing and apparel also showed smaller
gains in the third quarter than in the
second, but on balance, gains in service
prices accelerated. Prices of consumer
durables have risen moderately since
early spring after declining most of
last year.
Over the past year, consumer prices
have risen 3.3 percent, and among the
major components, food and services
have shown the largest increases (chart
2). Together they account for about
57 percent of the weight in the Consumer
Price Index (CPI), but they have
contributed some 75 percent of the
overall rise in the CPI since the third
quarter of 1965. The largest relative
increases among the major service
categories have occurred in medical
care; medical services have a weight
of less than 5 percent in the CPI but
accounted for more than 8 percent of
the total increase in the index. Much
of the increase in medical service prices
over the past year occurred in the
second and third quarters of this year.
Price increases for commodities other
than food accounted for only one-fourth
of the over-the-year rise in consumer
prices, despite the fact that they
account for more than two-fifths of the
weight in the index. Even after recent
gains, prices for durable goods are only
slightly above the third quarter of
1965, and the index jof prices for new
car has declined.
SURVEY OF CURRENT BUSINESS
November 1966
NATIONAL INCOME AND PRODUCT TABLES
1965
1963
1964
1965
II
III
1965
1966
IV
I
II
III
1963
1964
1965
II
Seasonally adjusted at annual rates
III
1966
IV
I
II
III
Seasonally adjusted at annual rates
Billions of current dollars
Billions of 1958 dollars
Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
Gross national product.
__
Personal consumption expenditures. _
Durable goods
Nondurable goods . _
Services
___
__
Gross private domestic investment
590.5 631.7
681.2
672.9
375.0
401.4
431.5
426.8 435.0
53.9
168.6
152.4
59.4 66.1 64.4
178.9 190.6 189.4
163.1 174.8 173. 0
686.5 704.4
66.7
191.4
176.9
721.2
732.3 744.6 551.0
445.2
455.6
460.1 469.9
68.0
197.0
180.2
70.3
201.9
183.4
67 1 70 2 53.7
205 6 208 1 162.2
187.4 191.5 137.4
59.1
170.5
144.2
111.9
114.5
118 5
87.1
93.0
106.6
103.7
106.7
81.3
54.3
19.5
34.8
27.0
26.4
.6
5.9
5.1
.8
88.3
60.7
21.0
39.7
27.6
27.0
.6
4.7
5.3
—.6
97.5
69.7
24.9
44.8
27.8
27.2
.6
9.1
8.1
.9
96 0
67.9
24.6
43.3
28.1
27.5
.6
7.6
6.7
9
98.0
70.2
24.4
45.8
27.8
27.3
.5
8.7
7.2
1.5
_ _ __
5.9
32.3
26.4
8.5
37.0
28.5
7.0
39.0
32.0
8.2
40.5
32.3
7.1
40.1
33.0
6.1
40.3
34.2
6.0
41.7
35.6
Government purchases of goods and services
Federal
National defense
_. .
Other..
.
_ _.
State and local
122.5
64.2
50.8
13.5
58.2
128.9
65.2
50.0
15.2
63.7
136.2
66.8
50.1
16.7
69.4
134.3
65.6
49.1
16.5
68.7
137.7
67.5
50.7
16.8
70.2
141.2
69.8
52.5
17.3
71.4
Addendum: Implicit price deflator for seasonally
adjusted GNP, 1958=100
107.2
108.9
110.9
110.7
111.0
111.6
Fixed investment
Nonresidential _
Structures
_
Producers' durable equipment
Residential structures
Nonfarm _
Farm
Change in business inventories
Nonfarm.._ _
Farm
_ _
Net exports of goods and servicesV.
Exports
Imports
580.0
614.4
607.8
618.2
631.2
643.5
649.3
353.3 373.8
396.2
392.2
398.9
406.5 412.8 412 2
418.3
66.4
178.2
151.6
64.2
177.6
150.4
67.2
178. 5
153.1
69.2
182.5
154.8
72.2
184.1
156.5
68 5
185 8
157. 9
71 6
187 1
159 6
640.5
115.0
82.5
86.5
97.8
95.3
97.9
102.2
103.5
106 3
102.5
106 2 105 1
78 2 80.3
27.9 27.7
50.3 52.6
28.0 24.8
27.4 24.3
.6
.6
12 3
9.9
12.1 10.4
2
—.5
76.7
51.9
17.9
34.0
24.8
24.2
.5
5.8
5.1
.8
81.9
57.4
18.9
38.5
24.6
24.0
.5
4.6
5.2
—.6
89.0
64.9
21.7
43.2
24.1
23.6
.5
8.8
8.0
.9
88.0
63.4
21.7
41.7
24.5
24.0
.5
7.3
6.5
.8
89 4
65.5
21.3
44.2
23.9
23.4
.5
8.5
7.1
1.4
91.9
68.4
23.2
45.2
23.5
23.0
.5
10.2
8.9
1.3
95.0
70.8
24.3
46.4
24.3
23.8
.5
8.5
8.0
.4
94 7
71 3
23 6
47.7
23 4
22.9
.5
11 6
11.4
2
93 5
73 0
23.2
49.8
20 5
20.0
.5
91
9.6
— 5
4.7
41.9
37 3
4.2
43.4
39.2
5.6
32.1
26.6
8.5
36.4
28.0
6.3
37.3
31.0
7.1
38.7
31.6
6.4
38.4
31.9
6.0
38.7
32.8
5.9
40.1
34.2
4.6
40.3
35 8
4.2
41.8
37.6
145.0
71.9
54.6
17.4
73.1
149.0
74 0
57.1
16.9
75 0
155.5
78.3
61.3
17.0
77.2
109.6
59.5
111.3
57.8
114.1
57.8
113.2
57.3
115.0
58.3
116.6
59.3
118.3
60.4
120.4
61.9
124.3
64.9
50.1
53.4
56.3
55.9
56.7
57.3
57.9
58 5
59 4
112.6
113 8
114.7
631.2
640.5 643.5
649.1
621.0
10.2
632.0
8.5
631.9
11.6
640.
9.
344.7 346.7
336.2 335.1
8.5 11.6
352.
101.5 105.6
73.9 77.0
26.8 28.5
47.1 48.5
27.6 28.6
27.0 28.0
.5
.5
10.4
8.9
8.5
9.0
1.4
.5
Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
590.5 631.7
Gross national product .
Final sales
_ __
Change in business inventories
__ _
Goods output-
_
Final sales
C hange in business inventories
Durable goods
Final sales
__ _
Change in business inventories.
Nondurable goods
Final sales
Change in business inventories
-
Services
Structures
_ _
Addendum : Gross auto product
584.6
5.9
681.2
672.9
686.5 704.4
627.0 672.1 665.3 677.8 694.0
7.6
8.7 10.4
4.7
9.1
721.2
712.3 720.0
8.9 12.3
298.6 318.2 344.7 338.8 347.5 358.8 366.0
292.7 313.6 335.7 331 2 338.8 348.4 357.0
8.7 10.4
8.9
5.9
9.1
7.6
4.7
116 1 125 5 138 5 135 2 141.0 142.6 147.6
113.3 122.2 132.2 128.8 134.3 137.9 141.8
6.4
6.7
4.7
5.8
2.8
3.3
6.3
182.5
179.4
3.1
192 7 206 3 203 6
191.3 203.5 202.4
1.4
27
1.2
226.2
244.5 262.0
65.7
74.5
25.1
68.9
25.8
31.4
30.8
734.6
9.9
371.6 378.9
359.3 369. 0
9.9
12.3
149 6 157.4
140.6 148.0
9.5
9.0
551.0
545.2
5.8
580.0
575.4
4.6
614.4
605.6
8.8
607.8
618.2
600.5 609.7
7.3
8.5
289.7 307.2 328.5 322.5 330.9 341.0
283.9 302.6 319.7 315.2 322.4 330.7
8.5 10.2
5.8
4.6
8.8
7.3
114.2
111.4
2.8
123.1
119.9
3.2
135.5 131.7
129.4 125.5
6.2
6.1
343.
9.
138.3
131.8
6.5
140.3
135.7
4.7
145.4
139.9
5.5
146.0
137. 6
8.4
153.
144.
8.
200.6
195.1
5.6
199.4 200.8
196.3 197.6
3.0
3.2
199.
198.
234.
206.5 216.2 218.4 222.0 221.4 175.6 184.1
204.4 210.5 215.2 218.7 221.0 172.5 182.7
.5
2.1
5.7
3.3
1.4
3.1
3.1
193.0
190.3
2.7
190.8 192.6
189.6 190.6
1.1
2.0
275.5 282.1 289.9
200.9
211.2
221.1
220.3 223.3 224.0
227.7
230.9
78.6
75.8
60.4
61.7
64.8
65.0
64.0
66.2
68.0
66.0
62.
28.6
27.9
24.7
25.4
31.4
30.6
31.9
30.7
32.2
29.1
28.
259.8 265.1 268.8
74.3
732.3 744.6
73.9
76.9
79.8
31.6
30.5
31.5
Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
590.5 631.7
681.2
672.9
686.5 704.4 721.2 732.3 744.6
551.0
580.0
614.4
618.2
631.2
640.5 643.5
649.J
. .
532.4
568.7
613.4
606.4
618.2
633.8
667.0
503.2
530.8
563.5 557.3 567.2
579.4
588.0
589.9
594 J
Business. _ _ _
Nonfarm
__ _
Farm
Households and institutions
Rest of the world
513 0
491.5
21 5
16.0
34
547 4
527.0
20 4
17.3
40
590 8 583 6
567 1 559 4
23 8 24 2
18 3 18 0
43
48
595 3
570.6
24 7
18.7
41
611 2 624 9 634 0
586 6 599.3 609 0
24 7 25 7 25 0
19 1 19 1 19 1
44
44
34
561.6 569.4
537.5 546.4
24.1 23.0
14.5 14.3
4.3
33
571.4
548.4
22.9
14.2
4.3
575. (
553. <
21.'
14.
4.'
58.1
63.0
52.5
53.6
54.!
Gross national product.
Private
General government
_
67.8
66.6
68.3
70.6
648.4
72.8
657.6
74.7
607.8
642.8 486 6 513.3 545.4 538.9 548.9
618.4 463.8 491.2 521. 7 515.1 524.6
24 4 22 8 22 0 23.8 23 8 24 3
19.7 13.2 13.6 14.0
13.7 14.2
45
41
46
39
40
34
77.6
47.8
49.2
50.9
50.5
51.1
51.8
1965
1963
1964
1965
II
III
1966
IV
I
II
1965
III*
1963
1964
1965
II
III
1966
IV
I
II
III*
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
[Billions of dollars]
Table 4.—Relation of Gross National Product, National Income,
and Personal Income (1.9)
Gross national product _ _
Less: Capital consumption
allowances
_
Equals : Net national product
590.5 631.7 681.2 672.9 686.5 704.4 721.2 732.3
52.6
56.0
59.6
59.1
60.2
Equals ' National income
Less: Corporate profits and
inventory valuation
adjustmentContributions for social
insurance
Wage accruals less disbursements
Plus: Government transfer
payments to persons
Interest paid by government (net) and by
consumers
Dividends
Business transfer payments
Equals : Personal income
61.6
744 6
62 7
63.7
537.9 575.7 621.6 613.8 626.3 643.6 659.7 669.6
680.9
Less: Indirect business tax
and nontax liability
54.7 58.5 62.7 62.2 62.7
Business transfer payments__ _
2.3
2.5
2.6
2.5
2.5
g
Statistical discrepancy.... -.3 -1.4 -1.6 -2.1
Plus: Subsidies less current
surplus of government
enterprises
60.8
.8
1.3
481.9 517.3
1.0
1.0
.9
[Billions of dollars]
63.6
63.0
64.7
66.3
2.6
.4
2.6
-.8
2.6
—.9
2.6
-.5
.9
.8
9
1.5
Table 6.—National Income by Type of Income (1.10)/
559.0 552.2 562.7 577.8 595.7 604,1 614 0
58.9
66.6
74.2
72.7
74.0
76.9
80.0
79.9
79.3
26.9
28.0
29.2
29.0
29.2
29.8
36. 5
37. Q
38.5
.0
.0
.0
.0
.0
.0
.0
.0
.0
33.0
34.2
37.1
35.2
39.4
37.9
40.0
40.1
42.3
17.6
16.5
19.1
17.3
20.6
19.2
20.5
18.8
20.9
19.5
21.0
20.2
21.9
20.9
22.5
21.1
23.0
21.1
2.3
2.5
2.6
2.5
2.5
2.6
2.6
2.6
2.6
465.5 496.0 535.1 527.6 541.9 552.8 564.6 573.5
585.2
Table 5.—Gross Corporate Product1 (1.14)
Gross corporate product _ . . 335.0 360.9 391.2 385.8 393.1 403.9 415.2 422.0
Capital consumption allowances...
Indirect business taxes plus
transfer payments less subsidies
Income originating in corporate
business
Compensation of employees. _
Wages and salaries
._
Supplements
Net interest
Corporate profits and inventory valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits. _
Inventory valuation ad-
31.8
33.9
36.3
36.0
36.8
37.2
37.7 38.5
39. 1
32.9
34.8
37.4
37.1
37.3
37.9
37.3 38.5
39.4
270.4 292.3 317.5 312.8 319.0 328.8 340.1 345.0 349. 9
216.3 231.4 249.0 246.1 250.5 256.8 265.9 271.1
194.9 208.5 224.1 221.6 225.4 231.2 237.2 241.8
21.4 22.9 24.8 24.5 25.1 25.7 28.7 29.3
-2.4 -2.7 -2.5 -2.5 -2.4 -2.4 -2.4 -2.5
56.4
56.9
26.3
30.5
15.4
15.1
63.6
64.0
28.4
35.6
16.0
19.6
71.0
72.5
31.2
41.3
17.7
23.6
69.2
70.9
30.7
40.2
17.2
23.0
70.9
71.9
30.9
41.0
18.1
22.9
74.4
76.2
32.4
43.7
19.0
24.7
76.7
79.5
34.1
45.4
19.4
26.0
76.4
79.3
34.1
45.2
19.5
25.7
-.4 -1.5 -1.8 -1.0 -1.8 -2.8 -2.9
Gross product originating
in financial institutions. _
15.0
15.6
16.5
16.3
16.6
17.2
31.0
32.9
35.3
35.0
35.8
36.3
36.8 37.5
31.5
33.3
35.8
35.5
35.8
36.3
35.7 36.9
55.2
55.6
24.3
31.3
14.6
16.8
-.5
-.4 -1.5 -1.8 -1.0 -1.8 -2.8 -2.9
62.1
63.6
27.5
36.1
16.2
19.9
60.4
62.2
27.0
35.2
15.7
19.5
61.9
62.9
27.2
35.8
16.6
19.2
64.9
66.7
28.5
38.2
17.5
20.7
67.3
70.1
30.2
39.9
17.7
22.2
30 0
-2.5
75 9
Inventory valuation adjustment
TVe*t intoroat
67.0
75.7
74.5
75.0
78.7
82.7
82.8
82.1
26.3 28.4
33.1 38.7
16.5 17.3
16.6 21.3
31.2
44.5
19.2
25.3
30.7
43.8
18.8
25.0
30.9
44.1
19.5
24.6
32.4
46.3
20.2
26.1
34.1
48.7
20.9
27.8
34.1
48.7
21.1
27.6
33.8
48.3
21.1
27.2
-.5
-.4 -1.5 -1.8 -1.0 -1.8 -2.8 —2.9
-2.8
13.8
15.5
17.8
17.5
18.1
18.7
19.1
19.6
20.2
Table 7.—National Income by Industry Division (1.11)
All industries, total
Q~' o
Agriculture, forestry, and
44 £ fisheries
Mining and construction
9?'o
Manufacturing...
Nondurable goods
Durable goods
0 Q
_ _ 481.9 517.3 559.0 552.2 562.7 577.8 595.7 604.1 614.0
18.6 17.7 21.0 21.4 21.9 22.1 23.2 22.6
30.2 32.4 34.8 34.4 34.6 35.9 37.1 37.5
143.8 155.1 170.4 167.6 170.8 176.5 184.4 186.7
__ 57.5 61.5 65.6 64.9 65.6 67.5 69.8 71.0
86.3 93.6 104.8 102.7 105.2 108.9 114.7 115.7
Transportation
Communication
Electric , gas , and sanitary
services
Wholesale and retail trade
oo -I
37 7
'
66.6
69.5
30.0
39.5
18.0
21.5
20.0
9.8
21.4
10.5
22.9
11.2
22.8
10.9
23.1
11.2
23.7
11.6
24.1
11.7
24.7
12.1
10.3
73.4
11.1
79.1
11.6
83.6
11.6
82.5
11.7
83.9
11.9
85.9
11.9
88.0
12.2
88.4
Finance , insurance , and real
estate
53.6 57.1 61.0 60.3 61.1 _2.9 63.7
Services
54.1 58.9 63.0 62.0 64.1 65.3 66.4
Government and government
enterprises
_ _ 64.7 70.0 75.2 73.9 75.7 78.5 80.7
4.1 3.4
Rest of the world
4.4
3.4
4.3 4.8
4.0
58.9
Iv^utual
Stock
. o 8
62.3
57.1
69.5
64.3
77.6
71.4
76.2
70.1
77.8
71.6
80.9
74.4
83.1 83.7
76.7 76.9
84. 0
46.8
42.8
53.5
49.7
59.9
55.2
59.0
54.4
59.7
55.0
61.9
57.0
63.7 64.2
58.9 59.0
64. 4
65.0
67.6
82.7
4.5
Table 8.—Corporate Profits (Before Tax) and Inventory Valuation
Adjustment by Broad Industry Groups (6.12)
Financial institutions
i j.
*Third quarter 1966 corporate profits (and related component s and totals) are preliminary
and subject to revision in next month's SURVEY.
59.4
Profits tax liability. . .
Profits after tax
Dividends
Undistributed profits
246.4
257.6 279.0 303.5 299.0 304.9 314.1 325.2 329.7
204.4 218.7 235.5 232.8 236.9 243.0 251.6 256. 6 ~261.~8
184.5 197.3 212.3 209. 9 213.5 219.0 224.8 229.1 2|| ' I
19.9 21.4 23.2 22.9 23.4 24.0 26.8 27.4
6^6
4.5
5.2
5.8
6.3 6.3 6.5
5.9
6.0
48.6
49.1
22.9
26.2
14.3
11.9
Profits before tax
°76 5
17.5 18.0
Gross product originating
in nonfinancial corporations
320.0 345.3 374.6 369.5 376.5 386.7 397.7 404.0
Capital consumption allowIndirect business taxes plus
transfer payments less subsidies
Income originating in nonfinancial corporations
Compensation of employees _ „
Wages and salaries
Supplements
Net interest..
.
Corporate profits and inventory valuation adjustment
Profits before tax .
Profits tax liability _
Profits after tax
Dividends
Undistributed profits.
Inventory valuation adjustment
Addenda :
Cash flow, gross of dividends:
All corporations
Nonfinancial corporations
Cash flow, net of dividends:
All corporations
Nonfinancial corporations
428. 3
M anu f acturing
Nondurable goods .
Durable goods
Transportation, communication, and public utilities
All other industries
66.6
74.2
7.8
8.4
8.9
16
6.2
17
6.7
18
7.1
72.7
8.7
74.0
8.9
76.9
9.5
80.0
79.9
9.4
9.8
51.2
58.2
65.3
64.0
65.0
67.5
70.6
70.0
28.8
13.0
15.8
32.4
14.5
17.9
37.8
15.7
22.1
36.7
15.5
21.2
37.4
15.5
21.9
39.6
16.4
23.2
41.9
17.2
24.7
40.6
17.2
23.4
9.5
12.9
10.4
15.4
11.1
16.4
10.9
16.4
11.2
16.4
11.5
16.4
11.3
17.4
12.0
17.4
79.3
1965
1963
1964
1965
II
III
1966
IV
I
II
1965
III
1963
1964
1965
Seasonally adjusted at annual rates
Government
396 7
125.7 134.0 144.3 142.6 144.8 148.9 153.8 157.0
,00.6 107.2 115.5 114.0 116.2 119.2 123.0 126.0
76.0 81.2 86.7 86.0 87.1 89.1 90.8 92.1
49.9 54.1 58.1 57.2 59.2 60.5 61.3 62.5
59.5 64.3 69.2 68.0 69.7 72.3 74.1 75.9
IRQ
1 90* o
oV Q
S- 4
16.6
18.5
18.2
18.8
19.4
20.0
20.6
78 8
91
°
,
fi
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals
Contributions for social insurance
Federal Government expenditures
51.0 51.9
Proprietors' income
Business and professional. __ 37.9 39.9
Farm
_ _ . 13.1 12.0
55.7
40.7
15.1
55.9
40.4
15.5
56.7
40.7
16.0
57.1
41.1
16.0
58.4
41.4
17.0
57.9
41.6
16.3
CT «
•*'• d
41.9
15. 4
TMatinnal rfofanaa
Rental income of persons
Dividends
17.1
16.5
17.7
17.3
18.3
19.2
18.3
18.8
18.4
19.5
18.5
20.2
18.7
20.9
18.8
21.1
10 n
Personal interest income .
31.4
34.6
38.4
38.0
38.9
39.7
41.0
42.1
4o
Transfer payments
Old-age and survivors
35.3
36.8
39.7
37.8
42.0
40.5
42.6
42.8
44< 9
15.2
16.0
18.1
16.6
20.4
18.6
19.5
19.7
01 0
State unemployment
o
**• *
, o
2.8
5.0
12.2
2.6
5.3
12.9
2.2
5.6
13.8
2.2
5.6
13.3
2.2
5.7
13.7
2.0
5.8
14.1
2.0
5.9
15.2
1.6
6.0
15.4
Less: Personal contributions
for social insurance
11.8
12.5
13.2
13.2
13.2
13.5
16.9
17.1
18
Less: Personal tax and nontax
payments
60.9
59.4
66.0
66.6
65.7
66.7
69.5
73.6
77 4
404.6 436.6 469.1 461.0 476.2 486.1 495.1 499.9
507 s
Veterans benefits
Other
__
Equals: Disposable personal
income
-, K o
°' °
*
384.7 412.1 443.4 438.6 447.1 457.6 468.4 473.3
Personal consumption
Interest paid by consumers.- __
Personal transfer payments to foreigners
Equals: Personal saving
Addendum: Disposable personal income in constant
(1958) dollars
III*
II
Federal Government receipts. _. 114.5 115.1 124.9 125.0 123.8 126.9 136.0 141.0
585 2
311.1 333.6 358.4 353.7 360.8 370.8 380.0 387.4
14.9
I
Table 12. — Federal Government Receipts and Expenditures (3.1, 3.2)
465.5 496.0 535.1 527.6 541.9 552.8 564.6 573.5
Commodity-producing
industries
Manufacturing
Distributive industries
1966
IV
[Billions of dollars]
Table 9. —Personal Income and Its Disposition (2.1)
Wage and salary disburse-
III
Seasonally adjusted at annual rates
[Billions of dollars]
Personal income
II
375.0 401.4 431.5 426.8 435.0 445.2 455.6 460.1
469 9
9.1
10.1
11.3
11.2
11.5
11.8
12.1
12.5
12 g
.6
.6
.6
.6
.6
.6
.6
.7
7
19.9
24.5
25.7
22.4
29.0
28.5
26.7
26.6
24^ 5
Purchases of goods and serv-
48.6
26.5
54.2
29.1
54.9
28.7
53.8
28.9
54.7
30.3
57.1
31.9
60.7
31.9
63.9
31.7
15.3
16.2
16.8
16.8
16.3
16.7
15.2
16.1
16.2
23.1
23.9
24.8
24.6
24.7
25.2
31.7
32.2
33.6
113.9 118.1 123.4 120.6 126.3 127.0 133.7 137.1
145.1
64 2
65.2
66.8
65.6
67.5
69.8
71.9
74.0
78.3
Other
50.8
13.5
50.0
15.2
50.1
16.7
49.1
16.5
50.7
16.8
52.5
17.3
54.6
17.4
57.1
16.9
61.3
17.0
To persons
To foreigners (net) . .
29.1
27.0
2.2
29.9
27.8
2.2
32.4
30.3
2.2
30.9
28.4
2.5
34.8
32.5
2.2
32.8
30.8
1.9
35.4
32.6
2.8
34.8
32.6
2.2
36.9
34.5
2.4
Grants-in-aid to State and
local governments-.
9.1
10.4
11.2
11.1
11.1
11.6
13.0
14.6
15.3
Net interest paid...
7.7
8.3
8.7
8.7
8.8
8.8
9.3
9.5
9.7
Subsidies less current surplus
of government enterprises . . 3.6
4.2
4.2
4.2
4.1
4.1
4.1
4.2
4.8
.7 -3.0
1.6
4.4 -2.5
— 2
2.3
3.8
.3
ifpo
lces
Surplus or deficit (— ),
na tional income and
product accounts
Table 13. — State and Local Government Receipts and Expenditures
(3.3, 3.4)
State and local government
receipts.
_
Personal tax and nontax
receipts Corporate profits tax accruals.
Indirect business tax and
Contributions for social
insurance-- __ _ _
381.3 406.5 430.8 423.7 436.8 443.9 448.4 447.9
51.5
24.6
145.4
Federal grants-in-aid
63.4
69.6
75.3
74.6
75.9
77.3
80.1
83.2
85.9
9.4
1.7
10.8
1.9
11.8
2.0
11.7
2.0
11.9
2.0
12.1
2.1
12.4
2.2
12.9
2.2
13.5
2.2
39.4
42.3
45.8
45.4
46.4
47.0
47.8
48.7
50.0
3.8
4.1
4.5
4.4
4.5
4.6
4.7
4.8
4.9
9.1
10.4
11.2
11.1
11.1
11.6
13.0
14.6
15.3
88.7 101.4 109.1 104.8 112.8 113.6 113.2 113.9
112. 6
Table 10.—Personal Consumption Expenditures by Major Type (2.3)
Personal consumption
expenditures
Durable goods
Automobiles and parts.
Furniture and household
equipment
Other
Nondurable goods
Food and beverages
Clothing and shoes
Gasoline and oil
Other
375.0 401.4 431.5 426.8 435.0 445.2 455.6 460.1
59.4
66.1
64.4
66.7
68.0
70.3
67.1
70.2
24.3
25.8
29.8
29.2
30.2
29.9
31.4
28.5
30.1
22 2
7.5
25.1
8.5
27.1
9.1
26.2
9.0
27.3
9.2
28.8
9.3
29.6
9.3
29.2
9.3
30.7
9.4
168.6 178.9 190.6 189.4 191.4 197.0 201.9 205.6
208.1
98.7 101.6 103.3 104.8
36.0 37.5 39.4 39.7
15.3 15.7 15.8 16.1
41.4 42.3 43.3 45.0
105.5
41.1
16.1
45.4
152.4 163.1 174.8 173.0 176.9 180.2 183.4 187.4
191.5
67.1
27.1
13.9
79.4
68.2
27.6
14.2
81.5
88 2
30.6
13.5
36.3
Services __ _
Housing
Household operation
Transportation
Other
469.9
53.9
55.4
_ __ 23.1
11.4
62.5
92.8
33.6
14.1
38.4
59.2
24.3
11.8
67.8
98.4
35.9
15.1
41.1
63.2
25.6
12.8
73.3
97.8
35.6
15.2
40.9
62.7
25.4
12.7
72 3
63.6
26.0
13.0
74.2
64.7
26.3
13.4
75.8
66.0
26.5
13.5
77.5
Table 11.— Foreign Transactions in the National Income and
Product Accounts (4.1)
Table 14.—Sources and Uses of Gross Saving (5.1)
Gross private saving
Personal saving
Undistributed corporate
profits.Corporate inventory valuation adjustment
Corporate capital consumption allowances
Noncorporate capital consumption allowances
Wage accruals less disbursements
Government surplus or deficit
(— ), national income and
product accounts
32.3
37.0
39.0
40.5
40.1
40.3
41.7
41.9
43.4
Exports of goods and services. -_ 32.3
37.0
39.0
40.5
40.1
40.3
41.7
41.9
43.4
32.3
37.0
39.0
40.5
40.1
40.3
41.7
41.9
43.4
Federal
State and local
Imports of goods and services. .. 26.4
Gross investment
Receipts from foreigners
Payments to foreigners
Transfers to foreigners
Personal
..
Government
Net foreign investment
__._ __
28.5
32.0
32.3
33.0
34.2
35.6
37.3
39.2
28
.6
22
2.8
.6
2.2
2.8
.6
22
31
.6
2 5
2.8
.6
2.2
2.5
.6
1.9
3.4
.6
28
2.9
.7
2.2
3.1
.7
2.4
3.1
5.7
4.2
5.1
4.2
3.5
2.6
1.8
1.1
Gross private domestic inin vestment
Net foreign investment
Statistical discrepancy
24.5
19 9
24.5
25.7
22 4
29.0
28.5
26.7
26.6
16.6
21.3
25.3
25.0
24.6
26.1
27.8
27.6
27.2
-.5
-.4 -1.5 —1.8 -1.0
-1.8 -2.8 -2.9
-2.8
31 8
33 9
36 3
36 0
36.8
37.2
37.7
38.5
39.1
20.9
22.2
23.3
23.2
23.4
23.6
23.8
.0
.0
.0
.0
.0
.0
.0
1.8 -1.4
3.2
6.1 -1.0
1.4
.7 —3 0
1.2
1.7
1.6
1.6
4.4 -2.5
1.5
1.7
-.2
1.6
24.2
24.5
.0
.0
4.7
7.3
4.1
2.3
2.4
3.8
3.5
.3
3.8
90.3
98.7 110.7 108.8 110.9 115.4 117.1 120.3
116.1
87.1
3.1
93.0 106.6 103.7 106.7 111.9 114.5 118. 5
3.5
2.6
1.8
5.1
4.2
5.7
4.2
115.0
1.1
_. -.3 -1.4 -1.6
-2.1
-.8
.4
o
-.9
-.5
*Third quarter 1966 corporate profits (and related components and totals) are preliminary
and subject to revision in next month's SURVEY.
November
SUEVEY OF CURRENT BUSINESS
1966
Hes of Foreign Affiliates of U.S. Firms in 1965
FOREIGN manufacturing affiliates of
U.S. firms raised their sales to $42.4
billion in 1965, about 13 percent over
the 1964 amount. This rate of increase
was somewhat above the average since
1957, though less than the extraordinary
17 percent gain in 1964.
The vigorous growth of the sales of
these foreign affiliates is based partly on
the broad advances in economic activity
in the major industrial countries abroad,
which are the chief markets of these
firms. It is also related to the continuing rapid buildup of productive
facilities, the growth of which is indi-
cated in chart 3 in terms of the cumulative gross expenditures for plant and
equipment since 1957. No allowance
has been made for depreciation or
discards in the data plotted in the chart;
the increase in the stock of fixed capital
would be somewhat slower. Nevertheless, the data suggest that fixed assets
have expanded at a faster rate than
sales. This may indicate a considerable accumulation of facilities that are
not yet at the producing stage. It is
also possible that some firms are
becoming increasingly capital intensive
in their foreign operations and that they
are tending to produce for themselves
some intermediate products which they
had formerly purchased from others.
rate. The transportation equipment
industry is the largest in terms of
European sales, but in 1965 it scored a
notable expansion only in Germany.
In Canada, total sales of U.S. manufacturing affiliates in 1965 increased
sharply to $13.4 billion. In most product lines gains were moderately larger
than in 1964. For automobiles, however, there was an upsurge of about:
$% billion, indicating at least in part a
significant impact of the U.S.-Canadian
agreement on trade in automobiles.
Some of the gain in sales is reflected in
higher exports to the United States
(table 3), but the full effect on exports
CHART 4
Total Sales by Foreign Manufacturing
Affiliates Compared With U.S. Exports/
by Major Manufacturing Industries
Billion $ (ratio scale)
10
_ CHMlCAlS ;?:;
CHART 3
Foreign Manufacturing Affiliates
Manufacturing
industry
Annual sales and cumulative
plant and equipment, expenditures 1957-66
Billion $ (ratio scale)
40
30 ~
20 -
Billion $
ALL AREAS, TOTAL
Cumulative Plant & Equipment Expenditures
10 -
(left-scale)
8 6 4 -
O Projected
U.S. Department of Commerce, Office of Business Economics
Total Sales
400
- 300
- 200
sales- -area and
European affiliates have tripled their
sales since 1957 and now account for
44 percent of the sales of all foreign
affiliates. Sales of these affiliates were
up by $2.1 billion in 1965, a slower rise
than in 1963 or 1964. Smaller gains in
France and Italy last year probably
reflected a reduced pace of economic
activity, though an uptrend began in
both countries in 1965. German affiliates continued to score large sales
increases in 1965, but they may be encountering slowdowns this year because
of generally slack conditions. Sales
gains in the United Kingdom moderated
in 1965 after their sharp rise in 1964.
This reflected a considerable drop in the
rate of economic expansion in the
United Kingdom, and was marked by
a flattening out of sales in the transportation equipment industry (table 1).
Although most of the individual manufacturing industries in Europe registered large sales increases in 1965, only
the chemical and food products industries were able to do so at an accelerated
MACHINERY
•MACHINERY
(Except Electrical)
i -
RUBBER
;PRODUCTS
.2
I I
1957
I:''-I-'.-I'-''I
60
I '-T ."
'-''.\-.''\ <V- i I
65 1957
60
* Excludes civilian aircraft and special category goods.
U.S. Department of Commerce, Office of Business Economics
i l l
65
66-11-4
SUKVEY OF CUEEENT BUSINESS
8
November 1966
Table 1.—Sales of Foreign Manufacturing Affiliates, by Industry and Area, 1957, 1959, and 1961-65
[Millions of dollars]
Manufacturing, total
Areas and year
All areas, total:
1957_
1959__
_
1961 r
—
1962 '—_
_
1963 '
_
1964 r
_
1965_.
Canada:
1957.
1959..
1961 r
1962 r_
1963 r
1964 r
1965..
_
-
_
_
-
_
_
_
—
_.
_„.
._„
_____
_
Latin America 1:
1957
1959.
1961 r__
1962 r
1963 r
1964 - _ _ _ _
1965
._.....
_
_
Europe:
1957..
1959.
-1961 r
1962 r
_______
1963 r
_„
_
1964 -__
___
__
1965. _
_
Common Market:
1964 r
1965.__
United Kingdom:
1964 r
1965
_____
___
_
_
_
Other Europe:
1964 »•_
1965
Other areas:
1957
1959
1961 r
1962 r
1963 r
1964 '__
1965,..
_
_
_
-
___
_
_______
_
__
_
Food
products
Paper and
allied
products
Chemicals
Rubber
products
Primary and
fabricated
metals
Machinery,
excluding
electrical
Electrical
machinery
18,331
20,634
25,061
27,923
31,809
37,438
42,377
2,457
2,810
3,195
3,310
3,462
3,657
4,020
881
940
1,060
1,180
1,342
1,595
1,820
2,411
2,950
3,890
4,400
5,130
5,903
6,851
1,040
1,195
1,332
1,350
1,582
1,650
1,548
1,590
1,875
2,053
2,433
2,940
3,357
1,903
2,200
2,897
3,359
3,716
4,592
5,257
2,047
1,864
2,234
2,671
2,986
3,579
3,946
7,897
8,204
8,429
9,196
10.199
11,620
13,445
928
1,060
1,095
1,135
1,182
1,274
1,325
769
800
870
945
1,042
1,212
1,366
897
1,070
1,315
1,295
1,400
1,535
1,690
272
290
285
340
355
400
472
927
950
940
1,090
1,198
1,330
1,513
695
760
760
810
916
1,038
1,165
1,080
794
764
851
866
1,010
1,203
2,435
2,830
3,597
3,967
4,250
4,951
5,484
740
730
750
815
775
867
55
60
85
100
130
145
178
499
590
690
880
1,060
1,239
1,398
239
260
300
302
310
355
350
111
100
160
163
215
313
309
66
80
122
144
175
219
242
190
190
300
6,313
7,690
10,780
12,120
14,045
16,653
18,761
734
760
1,110
1,185
1,190
1,308
1,500
50
70
80
105
148
166
822
1,050
1,510
1,760
2,070
2,273
2,743
262
290
400
460
420
517
537
435
470
690
715
880
1,115
1,316
8,683
9,882
598
670
54
62
1,038
1,302
214
232
6,871
7,510
613
730
102
1,075
1,241
1,099
1,369
97
100
1,685
1,910
2,255
2,640
3,315
4,214
4,687
188
250
260
240
275
300
328
23
30
35
55
65
90
110
Transportation equipment
Other
products
4,228
5,140
6,000
6,680
8,050
9,466
10,760
1,889
2,100
2,715
2,938
3,340
4,124
4,716
1,488
1,4£0
1,730
2,140
2,483
3,226
842
880
950
1,000
1,100
1,338
1,485
280
380
392
3eo
375
470
770
790
7^0
978
1,172
292
340
440
478
505
547
576
1,009
1,210
1,755
2,090
2,185
2,735
3,146
678
770
1,0£0
1,320
1,680
1,968
2,102
1,700
2,3£0
3,070
3,280
4,0£0
4,700
5,060
639
740
1,125
1,230
1,465
1,889
2,191
563
600
1,651
1,960
1,066
1,172
2,607
2,864
1,020
228
219
496
546
1,019
1,121
708
706
1,738
1,798
801
1,047
160
200
75
56
170
65
65
194
224
355
96
124
193
240
375
465
600
856
1,020
195
200
210
230
265
310
291
75
70
85
85
140
182
219
133
150
260
315
440
600
704
110
120
140
160
221
249
665
720
710
880
1,100
1,305
1,302
116
140
200
230
270
3£0
464
i,eoo
f Revised.
i Includes other Western Hemisphere"
Table 2.—Sales of Foreign Manufacturing Affiliates, by Area, 1957, 1959, and 1961-65
[Millions of dollars]
Area and country
1957
1959
1961 r
1962'
1963'
1964 r
1965
18,331
20,634
25,061
27,923
31,809
37,438
42,377
Canada
7,897
8,204
8,429
9,196
10,199
11,620
13,445
Latin America, total i_.
Argentina. __
_.
Brazil.
Mexico
Venezuela
Other countries
2,435
385
659
643
268
480
2,830
426
764
751
364
525
3,597
872
915
835
375
600
3,967
837
1,095
1,005
380
650
4,250
880
1,100
1,140
455
675
4,951
1,150
1,020
1,465
555
761
5,484
1,450
1,098
1,560
617
759
Europe, total
_
_
Belgium, Netherlands, and Luxembourg,
France Germany
Italy
-_.
United Kingdom
Other countries
__
6,313
416
7631,116
230
3,303
485
7,690
461
789
1,572
244
4,050
574
10,780
760
1,255
2,265
525
5,070
905
12,120
850
1,645
2,600
675
5,290
1,060
14,045
990
2,003
3,130
879
5,918
1,125
16,653
1,335
2,486
3,740
1,122
6,871
1,099
18,761
1,589
2,665
4,356
1,272
7,510
1,369
Other areas, total
Australia
Japan._
Philippine Republic______
Republic of South Africa _
Other countries
1,685
787
217
118
300
1,910
933
240
141
292
304
2,255
1,060
380
160
335
320
2,640
1,350
430
155
380
325
3,315
4,214
2,090
710
230
570
614
4,687
2,235
920
250
594
All areas, total..
r
Revised.
i Includes ''other Western Hemisphere".
1,700
515
180
470
450
SURVEY OF CUEEENT BUSINESS
November 1966
9
Table 3.—Sales of Foreign Manfacturing Affiliates, by Area, Industry and Destination, 1963-65
[Millions of dollars]
Total sales
Area and commodity
All areas, total
_
Food products
Paper and allied products
Chemicals
Rubber products
Primary and fabricated metals
Machinery, excluding electrical. _ ._
Electrical machinery
Transportation equipment
Other products
Canada, total
Food products
_ __
Paper and allied products
Chemicals
Rubber products
_ _
Primary and fabricated metals
Machinery, excluding electrical
Electrical machinery
Transportation equipment
Other products
_
_ _ _ _ _ _ _
__
__ __
- __
Latin America, total *
Food products
__
Paper and allied products. _
Chemicals
Rubber products
Primary and fabricated metals
Machinery, excluding electrical
Electrical machinery
_
Transportation equipment
Other products
-
_
'__
__
Europe, total
_
Food products
Paper and allied products
Chemicals _
Rubber products
Primary and fabricated metals.
Machinery, excluding electrical. _
Electrical machinery
Transportation equipment
Other products.
_
_
Other areas, total
Food products
Paper and allied products
Chemicals
Rubber products
Primary and fabricated metals
Machinery, excluding electricalElectrical machinery
Transportation equipment
Other products.
__
_.
_ __.
_ _
Local sales
Exported to United States
1964 r
Exported to other countries
1963 '
1964'
1965
1963 r
1964'
1965
31,809
3,462
1, 342
5,130
1,350
2,433
3, 716
2,986
8, 050
3,340
37,438
3,657
1,595
5,903
1,582
2,940
4,592
3,579
9,466
4,124
42,377
4,020
1,820
6,851
1,650
3,357
5,257
3,946
10, 760
4,716
26, 171
2,976
693
4,373
1,253
1, 845
2,867
2,661
6,833
2,670
30,870
3,110
827
5,019
1,452
2,239
3,613
3,154
7,989
3,467
34,693
3,490
961
5,767
1,509
2,510
4,066
3,490
8,988
3,912
1,277
81
485
147
8
159
107
27
78
185
1,536
107
594
136
5
221
138
40
156
139
1,856
119
643
171
7
261
167
48
278
162
4,361
405
164
610
89
429
742
298
1,139
485
5,032
440
174
748
125
480
841
385
1, 321
518
5,828
411
216
913
134
586
1,024
408
1, 494
642
10, 199
1,182
1,042
1,400
355
1,198
916
866
2,140
1,100
11,620
1,274
1,212
1,535
400
1,330
1,038
1,010
2,483
1,338
13,445
1,325
1,366
1,690
472
1,513
1,165
1,203
3,226
1,485
8,424
1,105
413
1,243
345
810
785
818
2,019
886
9,500
1,144
474
1,363
394
850
897
950
2,258
1,170
10, 908
1, 192
546
1,495
463
927
1,016
1,113
2,863
1,293
1,035
21
485
96
8
148
55
15
48
159
1,219
30
589
78
4
210
70
23
103
112
1,458
33
638
90
6
253
86
30
200
122
740
56
144
61
2
240
76
33
73
55
901
100
149
94
2
270
71
37
12.?
56
1,079
100
182
105
3
333
63
60
163
70
4,250
815
130
1, 060
310
215
175
280
760
505
4,951
775
145
1,239
355
313
219
380
978
547
5,484
867
178
1,398
350
309
242
392
1,172
576
3,860
561
120
986
310
194
161
270
758
500
4,563
565
130
1,140
353
303
202
365
973
532
5,073
674
158
1,260
348
297
227
386
1,164
559
37
10
80
42
5
23
101
46
5
34
1
1
3
5
2
1
3
10
353
244
10
53
(*)
20
10
9
2
5
308
168
10
76
2
10
16
14
2
10
310
147
15
104
2
12
13
5
5
7
14,045
1,190
105
2,070
420
880
2,185
1,680
4,050
1,465
16,653
1,308
148
2,273
517
1,115
2,735
1,968
4,700
1,889
18,761
1,500
166
2,743
537
1,316
3,146
2,102
5,060
2,191
10,805
1,105
100
1,605
335
716
. 1, 495
1, 423
2,977
1,049
12,843
1,187
138
1,720
401
906
1,940
1,636
3,478
1,437
14,357
1,385
152
2,080
420
1,073
2,154
1,767
3,708
1,618
123
10
185
10
220
11
10
10
46
11
30
6
20
1
11
63
15
50
15
18
1
8
72
11
75
24
3,117
75
5
455
85
154
644
246
1,043
410
3,625
111
10
533
115
198
732
317
1,172
437
4,184
104
14
645
116
235
920
324
1,277
549
3,315
275
65
600
265
140
440
160
1,100
270
4,214
300
90
856
310
182
600
221
1,305
350
4,687
328
110
1,020
291
219
704
249
1,302
464
3,082
205
60
539
263
125
426
150
1,079
235
3,964
214
85
796
304
180
574
203
1,280.
328
4,355
239
105
932
278
213
669
224
1,253
442
82
40
52
25
77
29
20
15
151
30
5
41
2
15
12
10
21
15
198
61
5
45
6
2
22
17
25
15
255
60
5
59
13
6
28
19
49
16
1963 '
(*)
21
1
4
1
(*)
(*)
(*)
1965
1963 '
29
(*)
4
1
2
(*)
w
»
7
6
(*)'
(*)
6
1964 '
1965
»• Revised.
1. Includes "other Western Hemisphere".
*Less than $500,000.
Table 4.—Selected U.S. Imports and Sales
of Foreign Manufacturing Affiliates to
to the U.S., by Industry, 1965
Table 5.—Total Sales and Export Sales of Manufacturing Affiliates, and Total Exports of
Manufactures, Selected Countries, 1965
[Millions of dollars]
[Millions of dollars]
Total country
Manufacturing affiliates
Total
U.S.
imports
Imports
from
U.S.
affiliates
Selected industries, total. _ .
12,439
1,779
14
Food products
_.
Paper and allied products.
Chemicals
Rubber products _
Primary and fabricated
metals
Ferrous
Nonferrous
Machinery, excluding
electrical
Electrical machinery
Transportation equipment _
Other manufacturers
1,558
1,303
778
136
119
643
171
7
8
49
22
5
1 463
1,163
300
184
1
9
175
13
1
58
1 163
709
167
48
14
7
1 200
4,129
278
162
23
4
1. Excludes imports of pelletized iron ore.
235-601 0 - 6 6 - 2
Percent
from
U.S.
affiliates
Countries
Total sales Export sales
(2)
(1)
Canada
Belgium, Netherlands, and Luxembourg
France
Germany
Italy _
. . .
United Kingdom
Japan
_ __
Ratio
(2) to (1)
Exports of
manufactures
Ratio
(2) to (4)
(3)
(4)
(5)
13, 445
2,537
19
i 5, 280
48
1,589
2,665
4,356
1,272
557
440
1,160
184
35
17
27
14
8,860
7,330
15,920
5,610
6
6
3
7,510
1,887
25
11,180
17
920
72
8
7,830
1
1. Adjusted to include newsprint, paper and pulp, and pelletized iorn ore, to provide comparability with statistics on
sales of manufacturing affiliates.
10
SUEVEY OF CUEKENT BUSINESS
November 1966
to this country was not yet evident in
A rough measure of the relative im1965.
portance of foreign affiliates of U.S.
Manufacturing affiliates in other de- firms as suppliers of imported manuveloped countries (Japan, South Afri- factured and semimanufactured goods is
ca, and Australia) raised their sales given in table 4. Such affiliates provide
about 11 percent to $3.7 billion in a large share of U.S. imports of non1965. Japan had the largest gain, in ferrous primary metals, but supply only
spite of a considerable drop in economic negligible quantities of primary iron
activity. Sales expanded slowly in and steel products. They furnish
Australia in 1965, as compared with nearly half of U.S. imports of paper and
other recent years, and did not advance related products and over 20 percent of
in the largest industry, transportation imported chemicals and transportation
equipment. Only a minor gain in equipment. About 14 percent of imsales of manufactures was reported for ported machinery comes from foreign
South Africa.
affiliates.
Sales of manufacturing affiliates in
For some countries the sales of the
the less developed countries were up foreign affiliate plants to third countries
about 11 percent for the year and represents a sizable component of total
aggregated about $6.4 billion. Most exports. The available data are not
of these sales—$5.5 billion—were in sufficient for a full exploration of this
Latin America. In that area the major subject, but table 5 gives relevant inforincrease, about $0.3 billion, was remation for some large industrial counported for Argentina, and followed a
sizable gain in 1964. Sales in Brazil tries. These calculations show that for
rose slightly but were no higher than the United Kingdom, affiliates of U.S.
they had been several years ago. In companies provided 17 percent of exthe less developed countries in Africa ports of manulactures, and that for
and Asia, manufacturing sales, which other European countries the proporare relatively small, appear to have tion, though smaller, was of some
increased by about 12 percent in 1965. significance.
Destination of manufacturers9 sales
There was little change in 1965 in
the overall breakdown of foreign manufacturing sales by destination. About
82 percent were sold in the same countries in which the plants were located,
14 percent were exported to other foreign countries, and a little over 4 percent were exported to the United
States.
Exports by manufacturing affiliates
to the United States, though still a
small part of the total, rose somewhat
more than usual in 1965; most were from
Canadian affiliates of U.S. firms.
These reflected not only the normal rise
in industrial materials typically associated with rising economic activity
in the United States but also a substantial gain in shipments of transportation
equipment to the United States. Exports from European affiliates to the
United States remained relatively small
and showed little change (table 3).
sales of foreign plants operated by U.S.
firms. Detailed comparisons are difficult for 1965 because of changes in the
classification of U.S. exports in the trade
statistics. In chart 4, the export figures for 1965 have been adjusted as far
as possible so as to be consistent with
data for earlier years. This involves
primarily the deletion throughout the
period shown of exports that until 1965
were grouped under "special category"
exports. For the six major commodity
groups shown, the 1965 export performance was quite weak not only as compared with the sales growth of the foreign affiliates in similar industries but
also as compared with trends since 1960.
Sales of mining affiliates
Foreign mining affiliates of U.S. firms
increased their sales substantially in
1965, although not as much as in 1964.
The output of most metals and minerals has been spurred by increasing
world demand, and U.S. firms have also
opened up some new resources. The
sales value of the output has also
benefited from rising prices.
Sales increases were reported for
every area of operations. Of the $420
million increase in sales during 1965,
about one-third represented exports to
the United States, and one-third exports to third countries.
U.S. exports vs. foreign sales
Aggregate U.S. exports of manufactures rose by less than 5 percent in 1965
and thus grew much more slowly than
Table 6.—Sales of Foreign Mining Affiliates, by Area and Destination, 1957 and 1963-65.
[Millions of dollars]
Total sales
1957
1963
1964 »•
Exported to the United
States
Local sales
1965
1957
1963
1964'
1965
1957
1963
1964'
1965
Exported to other
countries
1957
All areas, total.... 2,032 2,402 3,006 3,426
325
432
645
784
898
962 1,085
1,225
Canada
740 1,000 1,250 1,400
124
235
335
395
400
465
560
607
216
920
963 1,211
1,345
104
122
197
240
403
452
451
535
223
586
223
620
239
832
270
915
67
37
80
41
100
96
126
114
112
228
123
227
74
257
111
120
140
160
(*)
120
70
50
50
60
18
238
285
336
426
49
4
65
104
159
195
31
61
Latin America,
total- _
Mexico, Central America,
and West
Indies
South America.
Other Western
HemisphereEurope
Africa
Asia and Oceania.
f Revised.
*Less than $500,000.
(*)
1
10
1963
1964 ' 1965
809 1,008 1,276
1,417
300
355
398
413
389
563
570
94
301
44
321
20
352
65
479
50
500
140
48
17
19
20
1
48
38
40
49
63
102
10
4
2
7
7
77
37
67
75
112
244
262
344
96
132
14
6
7
7
20
37
56
56
1
10
(*)
November 1966
SURVEY OF CURRENT BUSINESS
11
the fabricated metal products industry.
(Similar data for housing only appear
in columns 3 and 4.)
Among the broader industry groups,
the cutback in residential and commercial building accounted for an estimated 1 percent decline in the output
of all durable manufacturing and minof individual industries, the loss of ing industries, and a 0.3 percent decline
output attributable to the decline in in the output of nondurable manufacresidential and commercial construc- turing and utilities. For manufacturtion has been more than offset by the ing as a whole, the decline was 0.6
gain in output attributable to advances percent. The largest decreases for
in other components of the GNP.
individual industries were lumber (4.8
The data focus on the manufacturing, percent), stone, clay and glass (3.5
mining, and utility (electric, gas, and percent), fabricated metal products (2.2
water) industries. Housing and com- percent), stone and earth minerals (1.9
mercial building also affect the service, percent), iron and steel manufacturing
distribution, and agriculture, forestry, (1.4 percent), metal mining (1.4 perand fishery industries, but total out- cent), and nonferrous metal products
put measures for the first quarter of (1.2 percent). On the average, housing
1966 were not readily available for accounted for two-thirds and commerthese groups. The information presented here is subject to certain limitaCHART 5
tions. This use of the input-output
table assumes a general stability in
Estimated impact on output of selected industries
the industry input coefficients since
attributable to decline in private residential and
commercial construction activity, first quarter 19661958. It also assumes that requirethird quarter 1966
ments for each of the industries were
produced during the same quarter Percent Change in Total Industry Output
-5
-4
-3
- 2 - 1 0
rather than in earlier periods and that
Industry and Number1
changes in requirements resulted in
DURABLE MANUFACTURING
| Lumber & Wood Products (20-21)
changes in production rather than in
adjustments to inventory.
Industrial Impact of the 1966 Housing
and Commercial Building Decline
THE restrictive effect of tight money
was quite apparent in the sharp decline
of new housing construction from the
first to the third quarter of 1966. In
current dollars, private nonfarm residential outlays for new housing units
fell from a seasonally adjusted annual
rate of $21.5 billion in the first quarter
to $18.2 billion in the third, or 15%
percent; the decline in constant dollars
was 18 percent. Housing starts, which
lead outlays by about one quarter,
showed an even larger contraction over
the same period; the private nonfarm
total dropped from an annual rate of
1.49 million units to a little over 1.06
million, or 29 percent. Building permits, which lead starts slightly, declined
still further, by 33 percent.
Commercial building—offices, stores,
and warehouses—has also been affected
by the tight money market in 1966.
Current dollar expenditures fell from
an annual rate of $7.6 billion in the
first quarter to $6.3 billion in the third,
or 17 percent; the reduction in constant
dollars was 20 percent.
Stone, Clay & Glass (35-36)
Measuring the industrial impact
Largest impact on durable manufacturing industries
Not only has the cutback in housing
and commercial building activity affected the construction industry but
it has also spread to the suppliers of
the construction industry, to the industries that supply the suppliers, and
so on. OBE's input-output study provides the basis for tracing the decline
in housing and commercial building
through the various industries. The
data presented here show the percentage
of each industry's output directly and
indirectly attributable to housing and
commercial building in the first quarter
of 1966 and the decline in output
from the first to the third quarter of
1966 attributable to the building decline. It is important to keep in
mind that total GNP rose over this
period, so that for the great majority
Table 1 shows the estimated percentage of total output in manufacturing, mining, and utilities in the first
quarter of 1966 attributable to expenditures for housing and commercial building during the first, quarter of 1966
(column 1), and the change in output
from the first to the third quarter
attributable to the decline in private
nonfarm residential and commercial
building from the first to the third
quarter (column 2). For example, for
the fabricated metal products industry,
the proportion of total output generated by the direct and indirect requirements of housing and commercial building in the first quarter of 1966 was 11.8
percent. The decline in housing and
commercial building from the first to
third quarter was responsible for a 2.2
percent decline in the total output of
Fabricated Metals (39-42)
Iron & Steel (37)
Nonferrous Metal Products (38)
NONDURABLE MANUFACTURING
Paper & Allied Products (24-25)
Petroleum Refining (31)
Printings Publishing (26)
Rubber & Misc. Plastics (32)
Chemicals & Allied Products (27-30)
MINING
Metal Mining (5-6)
Stone and Earth Minerals (9-10)
1
Input-output code number. See September 1965 SURVEY for definitions.
Note.—Based on seasonally adjusted data.
U.S. Department of Commerce, Office of Business Economics
66-11-5
SURVEY OF CURRENT BUSINESS
12
cial building for one-third of the decline
in all industries.
The declines in the lumber, stone,
clay, and glass; and metal manufacturing industries were relatively large
because greater proportions of the total
output of these industries are attributable to housing and commerical building. In contrast, the nondurable manufacturing industries and utilities are
much less dependent upon the output
generated by housing and commerical
building and consequently had small
output changes due to the building
decline. It is also of interest to note
that although the residential and commercial building demand for the output
of the stone and earth minerals and
metal mining industries stems solely
from indirect (rather than direct) requirements of the construction industry,
the building decline has had a comparatively large effect on these industries.
Chart 5 shows those industries within
the durable manufacturing, nondurable
manufacturing, and mining components
that had larger percent declines than
the group average: 1.1 percent for the
durable manufacturing and mining
industries and 0.4 percent for the nondurable manufacturing industries.
Implications of the decline
It may be surprising that a decline of
close to 20 percent in housing and commercial building has not led to a
reduction in output of more than 5
percent for any one industry. This is
due to the fact that none of the industries as defined in the input-output
table has a high proportion of its output associated with residential and
commercial construction. The building
decline affected the output of seven
industries by more than 1 percent.
During the current situation of high
capacity utilization and upward pressures on capacity and on costs and
prices, even a small change in total output can have a significant bearing on
price behavior. The recent leveling in
industrial prices reflects in part the
impact of this declining demand.
The decline in housing starts and
building permits that has already
Table 1.— Impact of Decline in Private Nonfarm Residential New Housing Units and Commercial Construction Expenditures on Industry Output, First Quarter to Third Quarter,
1966
Private nonfarm residential Private nonfarm residential
construction
and commercial
construction
Percent
Percent
Percent of
decline in
decline in
Percent of
1st quarter industry out- 1st quarter industry outindustry out- put attrib- industry out- put attribput attribput attributable to
utable to
utable to
1st to 3d
utable to
1st to 3d
1st quarter
quarter
1st quarter
quarter
expenditures decline in expenditures decline in
expenditures
expenditures
Industry and number *
(1)
Manufacturing
_
Durable manufacturing
Lumber & wood prods. (20, 21) __ Furniture & fixtures (22, 23)
Stone, clay & glass prods. (35, 36) _ _
Iron & steel (37)
Nonferrous metals & prods. (38)
Fabricated metal prods. (39-42) __
Nonelectrical machinery (43-52) __ __ ._
Electrical machinery (53-58)
Transportation equip (59-61)
Instruments & related prods. (62, 63)
Misc. manufacturing (64)
Nondurable manufacturing
Food & kindred prods (14)
Tobacco manufactures (15)
Textile mill prods. (16, 17)
_
Apparel & related prods (18 19)
Paper & allied prods (24, 25)
Printing & publishing (26)
Chemicals & prods. (27-30)
Petroleum refining & related prods (31)
Rubber & misc. plastic prods. (32)
Leather & leather prods. (33, 34)
Mining
Metal mining (5, 6)
Coal (7)
Crude oil & natural gas (8)
Stone & earth minerals (9, 10)
Utilities (68)
_
__
_
_
_ __
_ __ _
_ _ _ _ _
--_
_
_
_
_
_ -
_____
__
3.6
5.5
26.3
3.6
19.0
7.5
6. 2
11.8
2.2
2.9
.4
1.9
1.6
1.5
.3
.2
.8
.2
3.8
2.9
2.1
3.4
2.9
.24
5.1
7.2
4.3
3.6
9.9
1.7
(2)
(3)
-0.6
-1.0
-4.8
-.7
-3.5
-1.4
-1.2
-2.2
-.4
-.6
-.1
-.4
-.3
-.3
-.1
-.1
-.2
-.1
-.7
-.6
-.4
-.6
-.6
-.05
-1.0
-1.4
-.8
-.7
-1.9
— ^
1. Input-output code number. See Sept. 1965 Survey of Current Business for definitions.
NOTE.—Calculations are based on seasonally adjusted data.
2.6
4.0
24.5
3.1
14.3
5.3
4.2
8.3
1.1
1.8
.3
1.0
.8
1.1
.22
.11
.6
.12
2.6
2.0
1.6
2.6
1.9
.2
3.8
4.9
3.1
2.7
7.5
1.3
(4)
-0.4
-.7
-4.5
-.6
-2.6
-.9
-.8
-1.5
-.2
-.3
-.1
-.1
-.2
-.2
-.04
-.02
-.1
-.02
-.5
-.4
-.3
-.5
-.3
-.1
-.7
-.8
-.6
—.5
-1.3
-.2
November 1966
occurred, continued maintenance of
tight money market, and the recent
suspension of accelerated depreciation
allowances on rental housing and commercial building until Janaury 1968
suggest a continued contraction in
these building outlays during the coming months. If housing outlays were
to fully reflect the 33 percent decline
in permits, real outlays would decline
by another 18 percent, or about as
much as they decreased from the
first to the third quarter. Thus, the
decreases in industry output attributable to a one-third decline in real
outlays would be about twice as large
as shown in column 4 table 1.
How the estimates were made
1. Industrial output generated by housing and commercial building.—Construction expenditures in 1958 dollars were
estimated separately for one- to fourfamily housing, high-rise apartments,
low-rise apartments, offices, warehouses, and stores, restaurants, and
garages. For each of these categories,
expenditures in the first and third
quarters of 1966 were multiplied by
the direct and indirect requirements
coefficients for these components of
construction that appeared in table 3
of the input-output article on construction activity in the May 1965
SURVEY.
2. First quarter 1966 total output of
individual industries in 1958 dollars.—
The 1958 industry output totals (in
1958 dollars) shown in input-output
table 1 in the September 1965 SURVEY
were extrapolated to the first quarter
of 1966 by the movement of the Federal
Keserve Board industrial production
indexes from 1958 to the first quarter
of 1966.
3. Importance of output generated by
housing and commercial building.—Industry output attributable to housing
and commercial building in the first
quarter of 1966 was divided by the
estimated total industry output in the
first quarter of 1966 to obtain the
proportion shown in the first column
of table 1. A proportion similarly
calculated but based on third quarter
expenditures, when subtracted from the
figure in columns 1 and 3, yielded the
figure shown in columns 2 and 4.
by DONALD A. KING
Reeent Developments in Money and Financial Markets
JL HE sustained rise in economic
activity over the past 5% years, which
was intensified by the step-up in the
war in Vietnam, has brought new
problems to the economy in 1966.
With resources already being utilized
at near-capacity rates, inflationary pressures have increased. The heavy demands for goods and services in most
major sectors of the economy have been
accompanied by exceptionally strong
demands for credit accommodation.
Much of the burden of containing
excess demand pressures this year has
fallen on monetary policy. In an
attempt to bring aggregate demand
more into line with the economy's
productive potential and thereby to
reduce inflationary pressures, the monetary authorities have pursued a policy
of credit restraint. With financial markets curbed and with credit demands
very high, interest rates this year
reached levels not seen since the 1920's.
Although the expansion in economic
activity and pressures on prices have
moderated since late 1965 and early
1966, there has been no pronounced
abatement in the demand for money
and credit. Since mid-September, interest rates have generally eased, and
some of the turbulence that characterized financial markets in midsummer
has disappeared. At the moment, it is
too early to determine the significance
of this easing. Although it may be
related to uncertainties about the
economic outlook for 1967, it may also
be due to the President's announcement
in early September that new fiscal
measures would be introduced to help
moderate the expansion; to Federal
Reserve Board pressure against loans,
which has helped slow down the liquidation of government securities; and
finally, to the interest rate ceilings
on time deposits imposed in early
September.
tained; this is one of several measures
employed as an indicator of the current
monetary policy. The net borrowed
Restrictive monetary policy
reserves of member banks averaged
In executing the policy of credit $246 million in March, $352 million
restraint during the first half of 1966, in June, and $374 million in September.
For short-term coverage of reserve
the monetary authorities tightened their
deficiencies,
bankers have engaged in
grip on financial markets by moderating
heavy
borrowing
of other banks' excess
the growth in bank reserves relative to
reserves.
Reflecting
the stepped-up
credit demand and by increasing reuse
made
of
this
source
of funds, the
serve requirements against time deFederal
funds
rate
reached
a record 6
posits. From January to June, seapercent
for
the
weekending
September
9.
sonally adjusted bank reserves were
As
a
result
of
the
intensified
pressure
permitted to expand some $740 million.
At an annual rate, this was a larger on reserves, the summer quarter saw a
expansion than the $1.1 billion rise in halt to the rapid expansion in money
reserves that occurred in 1965, when supply that had characterized the pastthe Federal Eeserve System was fol- year and a half. Thus, in spite of a
lowing a policy of moderate restraint. steadily rising transactions demand for
The tightening resulted from the fact money, the demand deposit component
that the growth in credit demands was of the money stock decreased $1.1
considerably in excess of what could billion during the third quarter, and the
be supported by the expansion in bank seasonally adjusted total money supply
reserves. However, a more stringent fell $0.6 billion. This was the first
stance appeared in the summer quarter quarterly decline since the summer of
as open market operations became more 1962, and it is in sharp contrast with
restrictive, and seasonally adjusted the 4.7 percent annual rates of increase
total reserves declined $620 million. for both the full year 1965 and the first
The System applied further pressure on half of 1966.
reserves by raising reserve requirements.
In June and again in August, reserve Slower growth in time deposits
requirements against time deposits
An important aspect of the current
(those other than savings deposits and financial situation, and one that has
in excess of $5 million at each member
bank) were raised, from 4 to 6 percent. imposed considerable restraint on the
In adjusting to this reduction in banking community, has been the
reserve availability, member banks marked slowdown in total time and
have accelerated their borrowing from savings deposits at commercial banks.
Federal Reserve banks; such borrowing At seasonally adjusted annual rates,
rose to an average of $766 million for deposits at these institutions rose $13.6
September, as compared with averages billion during the third quarter, the
of $551 million and $674 million in same rate of advance that occurred in
March and June. When borrowings the first 6 months of this year. These
are subtracted from excess reserves, additions to total time and savings
the "free reserves" or "net borrowed deposits in 1966 were the smallest since
reserves" of member banks are ob- 1961
and were sharply below the
13
14
SUEVEY OF CUERENT BUSINESS
advances of $21.6 billion (annual rate)
in the third quarter of 1965 and $19.2
billion for the first half of 1965.
The increased pressures from tight
money conditions have led commercial
banks to a search for new time deposits.
The banks have been willing to pay a
high price for such deposits since they
carry a lower reserve requirement than
CHART 6
Changes in Commercial Bank Credit
The expansion in total bank credit slowed this
summer mainly because of the more moderate
growth in loans
Billion $
LOANS AND INVESTMENTS
o
TOTAL
4
In I ii.
INVESTMENTS
20
FEDERAL SECURITIES
-20
20
OTHER SECURITIES
LOANS
TOTAL
40 —
20 —
inn.
Business Loans
20 —
I Other Loans
20-
Quarterly Changes, Seasonally Adjusted, at Annual Rates
U.S. Department of Commerce, Office of Business Economics
66-11-6
demand deposits and thus permit a
larger volume of loan expansion.
Throughout most of this year, banks
have been paying the legal limit of 5%
percent on large certificates of deposits
and, until very recently, some banks
have been paying the same rate on
some maturity classes of small CD's.
Under these circumstances, new pressures have emerged in the market for
savings funds. Consequently, and in
an attempt to ward off withdrawals of
funds and to stay competitive with
commercial banks, other institutions—
chiefly savings and loan associations—
have been forced to raise the rates they
pay on deposits. The result has been a
spiraling of rates, which has narrowed
the gap between what savings and loan
institutions have to pay for funds and
what they can earn by making mortgage
loans, their principal type of investment
activity. This development has contributed to a drastic curtailment of
their mortgage lending, which in the
third quarter was down 43 percent from
the third quarter of 1965.
The reduced flow of time deposits
has been accompanied by an acceleration in the direct channeling of funds
from borrower to lender—a practice in
which funds bypass financial intermediaries. Such a development is typical
of periods of strong credit demands and
monetary restraint, when rapidly advancing yields on marketable securities
become more attractive to investors
than those available on time or savings
deposits. Unlike the situation in earlier
periods of credit stringency, this shift
to security purchases has occurred despite competition from banks and
financial institutions and sharp rate
increases for time and savings deposits,
and it highlights the overall severity
of the shortage of loanable funds.
Two steps taken in recent months
relieved some of the distortions that
had arisen in the market for savings.
First, the increase in reserve requirements against time deposits made such
deposits relatively less attractive to
commercial banks. Second, the ceiling
on multiple maturity time deposits was
rolled back from 5K to 5 percent. This
action was directed at small, consumertype CD's and does not affect the large
November 1966
denomination negotiable CD's, usually
issued to corporations with a single
maturity date.
Bank credit
summer
growth
slackens
in
During the summer months, as
monetary policy became more restrictive and as commercial banks encountered greater difficulty in acquiring and
holding time deposits, growth in commercial bank credit slackened appreciably. After substantial gains during
the first half of this year, total bank
credit, seasonally adjusted, rose only
$2.3 billion from June to September—
the smallest quarterly increase since
1960. During the third quarter, loans
increased $2.9 billion after seasonal
adjustment—less than half the second
quarter increase —while investments declined $0.6 billion. Moreover, during
the month of September, seasonally
adjusted bank credit fell $2.2 billion
from the August level, the first decline
in nearly 5% years.
For the first three quarters of 1966,
total loans and investments at commercial banks increased at a seasonally
adjusted annual rate of $17.6 billion, or
6 percent. (This compares with 8.5
percent and 10.2 percent annual growth
rates for the full years 1964 and 1965.)
The loan component of bank credit,
however, advanced at an $18 billion
annual rate, or 9.4 percent. During
the same period, bank holdings of
"other securities"—in large part municipals—increased at a seasonally adjusted annual rate of only $4.3 billion,
or 9.5 percent, slightly more than onehalf the rate of increase for the comparable period of 1965. This greater
increase in loans and municipals than
in total bank credit was made possible
by a $4.9 billion reduction (annual rate)
in U.S. Government securities. The
heavy bank sales of U.S. Government
securities and the reduced demand for
"other securities" had the further effect
of putting additional downward pressures on bond prices and thereby contributed substantially to the rapid rise
of bond yields. This in turn reduced
the attractiveness of time and savings
deposits.
Business loan expansion has been
strong this year (chart 6). Business
(Text continues after blue pages]
November 1966
demands for external funds have accelerated in the wake of exceptionally
high rates of plant and equipment expenditures and of working capital expansion. With bond financing costs
especially high, a major share of business financing has been attempted
through bank loans. Prompted by
strong customer relationships and vigorous competition, while restrained by
tight reserve positions, commercial
bankers have attempted to accommodate business needs by a considerable
readjustment in portfolio activities.
Besides selling U.S. Government securities, banks have supplied credit to
commercial and industrial users by
substantially curtailing loan funds to
other users. So far this year, seasonally
adjusted business loans have increased
about 13 percent, and all other loans
have advanced only 4 percent. This
reallocation among credit users explains
much of the strength in the business
loan component during the current
period of credit restraint.
In recognition of these shifts and in
an attempt to achieve an orderly expansion of bank credit, the Federal
Reserve System recently announced a
new review function for the discount
window. While pledging support to
member banks in making adjustments
to higher, reserve requirements against
time deposits, the Federal Reserve
System cautioned that in satisfying
loan requests by member banks, consideration would be given to the asset
side of the borrowing bank's portfolio.
It was made clear that a reduction in
business loan expansion was a key element in maintaining sound credit conditions.
Interest rates and bond yields
Financing costs began to rise sharply
in the last quarter of 1965, and except
for a moderate decline in March and
early April, they have climbed steadily
higher throughout 1966. During the
third quarter, interest rates and bond
yields advanced at an accelerated pace.
This exceptionally sharp rise in rates
was dispersed rather evenly throughout
the maturity structure and, after reaching highs not seen in most cases since
the 1920's, peaked in mid-September.
Rates have declined moderately since
SURVEY OF CURRENT BUSINESS
their recent highs, and some of the
turbulence in financial markets has
subsided.
The course of interest rates since the
third quarter of last year stands in
marked contrast to the stable or
slightly rising interest rates that characterized the earlier phases of the current
economic expansion. For the year
ending in September, yields on selected
long-term bonds increased from onehalf to 1 percent while short-term rates
increased about 1% percent (chart 7).
These increases, generally speaking,
about matched the accumulated advances recorded during the previous 4%
years of the current cyclical upswing.
A peculiar aspect of the present tight
money situation is the difference that
persists between the discount rate—
the price at which member banks can
borrow from their district banks—and
other short-term market rates. In
the past, whenever the Treasury bill
yield rose above the discount rate, the
Federal Reserve System generally took
quick action to raise the latter and
restore compatibility among short-term
money rates. In the present situation,
the Federal Reserve System has been
reluctant to increase the discount rate
despite the advances in bill yields and
other short-term rates. Consequently,
since January of this year, bill yields
have been consistently above the discount rate, with the spread averaging
a record 0.86 percent in September.
15
vances posted in 1964 and 1965
(chart 8). Moreover, the latest OBESEC survey of plant and equipipent
expenditures found that the business
community plans to continue a strongadvance through at least the end of
1966. In an effort to moderate the
growth in business fixed investment and
to relieve some of the burden on monetary policy, in early September the
President presented a program that
emphasized fiscal measures. It called
for a 16-month suspension of both the
7-percent investment tax credit and the
accelerated depreciation option on new
buildings and structures.
In contrast to the rise in plant and
equipment expenditures, investment in
residential construction has declined
this year as a result of tight money
conditions. After peaking in the opening quarter, residential investment by
corporations fell slightly during the
second quarter and sharply in the third.
CHART 7
Interest Rates and Yields
Percent
7
INTEREST RATES
6 Prime Commercial Paper (4-6 Months)
5 -
Federal Funds
Corporate Finance
So far during 1966, rapidly rising investment expenditures have outpaced
advances in profits and other components of internal funds. As a result,
corporations have reduced their liquid
assets and have become increasingly
dependent upon external financing. As
corporations have stepped up their external financing activities, they have
added to demands on money and credit
markets.
Through September, fixed investment
expenditures of nonfinancial corporate
business rose $8.3 billion (annual rate)
above the 1965 total. The rise in investment expenditures has been concentrated in plant and equipment
spending, which, through the third
quarter, has continued the sharp ad-
\3 Months Treasury Bills (new issue)
i M 1 1 1 1 1 1 1 1 h ii 1 1 1 1 1 M 1 1 1 1 M 1 1 1 1 1 1 1
6
_ YIELDS
Corporate (Moody's AaaX
5 -
U.S. Long Terms
3 * State and Local Aaa
I III I I I I I I 1 1 I I I I I I I I I I I I I M I I I I I I I I
1964
1965
1966
Data: FRB, Moody's, & Treas.
U.S. Department of Commerce, Office of Business Economics
_
66-11-7
16
SUEVEY OF CUEEENT BUSINESS
Aside from increased capital expenditures, nonfinancial corporations have
been faced this year with heavy financing demands to accommodate rising
inventories and the recent acceleration
in corporate tax payment schedules.
Through the third quarter of 1966,
nonfarm inventory accumulation averaged $3 billion above the rate for the
full year 1965. At seasonally adjusted
annual rates, corporate inventories were
up $7 billion during the opening quarter,
rose very sharply to $12 billion in the
second, and then fell back to $10
billion for the most recent quarter.
While requirements for corporate
funds have increased considerably since
1965, the advance in corporate cash
flows has slowed down; indeed, since
the first quarter of this year, cash flows
have leveled off as a result of a slight
dip in profits. For the first three
quarters of this year, the increase in
corporate internal funds at annual
rates amounted to only $2.5 billion
more than the volume of internal funds
generated in the full year 1965. In
contrast, fixed investment outlays and
inventory investment so far this year
have increased about $11% billion over
1965. As a result, investment by
corporations in real assets has begun to
exceed the flow of internal funds for the
first time in the current expansion.
Under these conditions, nonfinancial
corporations have stepped up the volume of external financing. Bank loans,
as was noted earlier, have increased
sharply this year, and for the first half
of 1966, nonfinancial corporate borrowings were at a record high annual rate
of $9.2 billion. This compares with
totals of $8.7 billion and $3.6 billion^or
the full years 1965 and 1964. New
bond issues, which recorded an extraordinary increase in the first quarter,
moderated in the second and rose again
in the third. New issues during the
first 6 months of this year were as high
as the total for all of last year.
in home purchases and the demand for
home financing. In addition, after a
very high first quarter, the demand for
automobiles has slackened, so that
credit demands in this area have lessened. Consumer financial patterns
have also altered as consumers have
responded to high interest rates by a
relative shift from claims on financial
intermediaries to security purchases.
Mortgage markets
As is typical of tight money periods,
the mortgage market has been among
the first sectors of the economy to feel
the pressures resulting from shifts in
credit flows. Throughout this year,
severe shortages of funds and rapidly
rising interest rates have brought serious distortions to this market, and the
resulting strains have apparently spread
quickly to the homebuilding and construction industries.
On the basis of preliminary data,
nonfarm mortgage debt rose at an
annual rate of $23.6 billion during the
first three quarters of this year. This
advance is considerably less than the
$28 billion increases recorded in the
full years 1964 and 1965. Nonfarm
mortgage debt, at annual rates, increased $23.2 billion during the first
quarter of this year, rose to $25.2
billion in the second quarter, and fell
back sharply to $22.4 billion in the
summer quarter.
Evidence of pressures in mortgage
markets appeared in late 1965 as rates
on conventional first mortgages began
to rise. The advance in rates on new
homes (FHLBB series) has accelerated
throughout 1966, and over the year
ending this September, it climbed onehalf percent to a record 6.22 percent.
Eates on mortgages backed by FHA
and VA have also increased this year.
These rates were raised from 5% percent
to 5K percent in February, to 5% percent in April, and finally to the 6 perConsumer Finance
cent statutory limit in early October.
The net growth in consumer and However, despite the rapid rise in
mortgage credit has been less this year mortgage rates, yields on bonds and
than in 1965. High interest rates and other marketable securities generally
the reduced availability of mortgage increased even more. Consequently,
funds have occasioned sharp cutbacks flows of funds have changed direction
November 1966
as banks and other nonspecialized
mortgage lenders have sought more
attractive outlets for their funds. The
stringency in mortgage markets has
been intensified in the current situation
as lenders specializing in mortgage
credit have found the inflow of savings
to them sharply reduced. New mortgage loans of all savings and loan
associations were at a $14.7 billion
annual rate during the third quarter of
this year; this may be compared to a
rate of $26 billion for the third quarters
of 1964 and 1965.
CHART 8
Major Sources and Uses of Funds
Nonfinancial corporate business
SOURCES
Billion $
80
CASH FLiW (Undistributed Profits and
Capital Consumption Allowances)
60
*
-
- ,'-
•'!
'"•<
'.
,;•
- -
40
20
40
STOCKS, BONOS, MORTGAGES,
AND LOANS
NS;-:. - : . ; • ' , , . • • • • / .
•• \ •
•
20
• I•••••••ill
USES
80
PLANT AND EQUIPMENT EXPENDITURES
60
40
20
020
CHANGE IN BUSINESS INVENTORIES
C
-20
1955 56
58
60
62
*First half at annual rate.
U.S. Department of Commerce, Office of Business Economics
64
66*
SURVEY OF CURRENT BUSINESS
November 1966
The restricted availability of mortgage financing has contributed substantially to a decline in home construction
and purchases. Private nonfarm housing starts, seasonally adjusted, which
were at a 1.5 million annual rate in the
first quarter, declined to a 1.3 million
rate in the second and to about a 1
million rate in the third. In the first
2 months of the third quarter, the
seasonally adjusted annual rate of new
home sales declined to 408,000 units.
This is a sharp decrease from the
573,000 units sold in 1965 and continues
a trend evident in both the first and
second quarters of this year.
In an attempt to relieve some of the
financial plight affecting the homebuilding industry, Congress passed new
legislation in September authorizing
$4% billion in new FNM.A purchases of
FHA and VA mortgages. Also, the
Federal Home Loan Bank Board has
rapidly accelerated its advances to
savings and loan associations. During
the first 9 months of 1966, these advances increased $1.2 billion, as com-
17
pared with less than $K billion for the
comparable period of 1965.
other than auto credit has remained
strong in 1966.
Consumer installment credit
Personal finance
In the first half of 1966, a marked
change emerged in the composition of
individuals' financial savings. Largely
in response to the high yields prevailing
in the securities markets, individuals
shifted their investment pattern of
saving from cash and claims on financial
intermediaries into securities. From
January through June of this year,
individuals/ savings shares and time
and savings deposits were $4.6 billion
below the total for the first half of 1965,
while individuals' purchases of securities were $5.7 billion higher. This relative shift into securities involved mainly
increased purchases of Government
bonds, which were $3.8 billion higher in
the first two quarters of this year than
in the same period of 1965. Also, purchases of State and local and corporate
issues recorded significant increases in
Consumer installment credit has continued to rise in 1966, but at a slower
rate than in 1965. From January
through September of this year, the
net change in installment credit was
at a seasonally adjusted annual rate
of $6.7 billion. This compares with
an $8 billion increase for the full year
1965 and with increases of $6.1 billion
and $6.4 billion in 1963 and 1964.
The slower advance in installment
credit use has been due mostly to
automobile credit. Auto sales in the
second and third quarters of 1966 were
well below their peaks early in the
year, and the net changes in auto paper
were well under those of 1965. Thus,
for the year to date, the net change in
automobile credit, at a seasonally adjusted annual rate of $2.3 billion, was
substantially below the $3.6 billion
increase for 1965, and the lowest rate
since 1962. Installment credit use
(Continued on page 26)
Table 1.—Sources and Uses of Funds, Nonfarm, Nonfinancial Corporate Business1
[Billions of dollars]
1963
1963
1964
1965
I
II
1965
1964
III
IV
I
II
III
IV
I
1966
II
III
IV
I
II
Seasonally adjusted at annual rates
Sources, total.
_ _
__
65.9
70.5
88.0
70.2
70.4
62.5
60.5
61.0
71.8
78.3
70.8
89.2
84.3
86.0
93.7
99.2
95.5
Internal sources 2
Undistributed profits 2
__
Corporate inventory valuation adjustment
Capital consumption allowances 2
43.9
13.6
-.5
30.8
50.8
18.5
-.4
32.8
55.3
21.7
-1.5
35.1
42.2
12.0
.2
30.0
43.2
13.4
-.9
30.7
45.0
13.9
.2
30.9
45.1
14.9
-1.3
31.5
49.5
18.2
-.5
31.9
50.5
18.4
-.3
32.4
52.0
18.9
.0
33.1
51.3
18. 5
-.9
33.7
55.0
22.2
-1.3
34.1
54.5
21.4
-1.8
34.8
55. 5
56.4
22.1
-1. 8
36.1
57.8
24.0
-2.8
36.6
57.8
23.4
-2.9
37.3
External sources
„
Stocks _ _ _ _ _ _
Bonds
Mortgages
__ _
Bank loans, n e e
Other loans
_
___
Trade debt
Profits tax liability
Other liabilities
22.0
-.3
3.9
3.5
2.9
.5
6.0
1.5
4.0
19.7
1.4
4.0
3.3
3.6
1.3
3.4
.9
1.8
32.7
.0
5.4
3.2
8.7
1.3
7.9
2.0
4.2
28.0
.0
4.8
2.9
2.1
.5
11.2
1.2
5.3
27.2
.0
3.5
3.7
2.8
.1
6.8
2.8
7.5
17.5
.3
3.5
3.7
3.0
.3
4.0
1.3
1.3
15.4
-1.5
3.9
3.9
3.7
1.0
1.7
.8
2.0
11. 5
2.6
3.5
. 2.5
-.9
.2
1.3
1.6
.8
21.3
3.3
4.0
3.3
4.2
2.6
-2.3
.9.
5.2
26.3
1.1
3.9
3.7
4.1
1.3
9.0
.4
2.8
19.5
-1.5
4.6
3. 6
7.0
1.2
5.3
.7
-1.5
34.2
.0
4.4
3.0
9.7
.0
8.7
3.3
5.0
29.8
1.6
5.3
3.4
8.7
2.0
5.9
-1.9
4.7
30.5
-.5
7.9
3.4
7.4
1.2
1.8
2:8
37.3
-1. 0
3.9
2.9
11..2
2.1
9.1
4.6
4.5
41.4
— 5
12.4
3.3
5.6
1.9
9.5
2.9
6.4
37.7
5.9
9.3
2.7
12.8
2.4
7.2
-9.7
7.1
65.8
67.1
87.3
71.7
66.6
66.6
58.1
60.6
67.4
73.8
66.9
92.2
81. 0
84.7
92. 6
95.7
96.4
46.7
38.6
3.7
4.3
52.2
44.1
3.7
4.4
61.9
51.3
3.9
6.8
43.9
36.9
3.5
3. 6
45.8
37. 8
4. 0
4. 0
47.2
39.2
3.8
4.2
49.7
40. 5
3. 6
5.6
48.2
41.8
3.8
2.6
51.3
43.5
4.0
3.8
52.7
44.9
3.7
4.2
56.7
46.2
3.3
7.2
60.2
48.8
4.2
7.2
59.8
49.8
4.3
5.6
62.5
51.6
3.8
7.0
65.4
54.8
3.2
7.4
68.0
56.7
4.1
7.2
73.8
58.1
3.9
11.7
19.1
4.3
-.8
3.9
.5
.7
.7
8.5
4.8
14.9
.7
-2.5
3.2
-1.4
1.5
1.0
9.1
4.0
25.4
.6
-1.9
3.9
-2.1
.7
1.2
13.7
9.3
27.8
4.3
-3.5
4.5
2.8
.5
-.5
10.9
12.6
20.8
4.9
-.4
2.6
1.5
1.2
1.5
10.5
2.8
19.4
2.9
.3
3.2
-1.2
.6
.8
7.5
7.1
8.4
4.9
.3
5.2
-1.2
.5
.8
5.1
-3.2
12.4
3.8
-5.5
6.4
2.3
.6
.1
7.9
.3
16.1
4.9
2.8
1.4
-1.3
2.0
1.8
5.9
3.4
21.1
2.6
1.1
1.5
-2.5
2.5
.9
12.3
5.2
10.2
-8.5
-8.6
3.4
-4.0
.8
1.1
10.2
7.1
32.0
4.5
.7
6.4
-2.0
-.5
1.7
16.2
9.0
21.2
-1.5
-3.0
5.7
-5.0
.8
.6
11.3
10.1
22. 2
.6
-4.4
2.5
.1
2.3
1.0
10.3
9.4
27.2
-.3
-.4
.9
-1.2
.3
1.3
16.8
8.6
27.7
10.6
3.8
4.1
-.4
3.1
1.9
11.5
2.9
22.6
-4.4
-2.6
1.7
-3.8
.4
.8
16.9
8.6
-.1
-3.3
-.7
1.6
-3.7
4.2
-2.4
-.4
-4.4
-4.5
-4.0
3.1
-3.3
-1.4
-1.1
Uses, total
Purchases of physical assets
Nonresidentialfixedinvestment
Residential structures
Change in business inventories
Increase in financial assets 3
Liquid assets
Demand deposits and currency
Time deposits
U.S. Government securities
Finance company paper _ _ _
Consumer credit
Trade credit
Other financial assets
Discrepancy (uses less sources)
1
2
._.__
___
.
__
__ _
_
_
_
20.9
-1.0
35.6
:6.6
-3.5
.9
Statistics on the sources and uses of nonfarm, nonfmaiicial corporate business have been revised for prior years, and will be published in the near future.
The figures shown here for "internal sources," "undistributed profits," and "capital consumption allowances" differ from those shown for "cash flow net of dividends," "undistributed
profits" and "capital consumption allowances" in the gross corporate product table (p. 5 of the November 1966 SURVEY) for the following reasons: (1) these figures include, and the statistics
in the gross corporate product table exclude, branch profits remitted from foreigners net of corresponding U.S. remittances to foreigners; and (2) these figures exclude, and the gross corporate
product figures include, the internal funds of corporations whose major activity is farming.
3 Includes some categories not shown separately.
Source: Board of Governors of the Federal Reserve System.
by FRANICS L. HIRT
Patterns of Output Growth
L HIS is another article in a series on
output growth rates of a large number
of selected products and services. It
expands and brings up to date an analysis that was published in the September 1964 SURVEY.1
The present study includes 447 items,
72 more than the previous tabulation.
All of the twenty 2-digit SIC major
manufacturing industries are represented except instruments and related
products and miscellaneous manufactures; industry representation, however,
varies widely. The individual products
for which growth rates are presented
account for roughly two-thirds of the
1. Earlier articles appeared in the following issues of the
SURVEY: January 1953, April 1957, May 1959, and September
1961.
total weight of the Federal Reserve
production index.
Basis of classification
The complete list of products and
services is given in table A, which is
divided into two parts, a basic list and
a supplementary one. The basic list
contains 381 items for which production
data are available for all the years from
1948 to 1965. Products of manufacturing are presented first, followed by
products of mining and "services," a
catchall. Within manufacturing, products have been grouped by 2-digit SIC
industries and are arranged within each
industry according to decreasing size of
the average annual growth rate from
1948 to 1965. The supplementary list
includes an additional 66 products—
many of them relatively new—for which
output figures are incomplete. These
products are listed in the same industry
order as in the basic table.
The basic table presents production
data for 1948 and 1960 and for the
years from 1963 through 1965. Average annual rates of growth for each
product are shown for the entire
1948-65 period and for three subperiods:
1948-53, 1953-60, and 1960-65.2 The
last four columns in the table rank
each of the 381 items in the basic list
according to the size of the average
2. Average annual growth rates, calculated from data for
the beginning and ending years, are derived by the use of
the following formula: P2=Pi (1+0 S where Pz is the terminal year production; Pi is the beginning year production;
r is the rate of growth; and t is the number of years (terminal
year minus beginning year). When 1948 or 1965 data were
not available, data for 1947 or 1949 were substituted for 1948
and 1964 for 1965.
CHART 9
Frequency Distribution of Average Annual Growth Rates of Output for 381 Products by Selected Time Periods
Number of Products
50
25% & Over
20% to 24.9%
15% to 19.9%
10% to 14.9%
5% to 9.9%
-0 to-4.9%
-5% to-9.9%
—15% and Over
U.S. Department of Commerce, Office of Business Economics
18
100
Number of Products
150
50
TOO
Number of Products
150
50
100
150
SURVEY OF CUKKENT BUSINESS
November 1966
annual growth rates for each of the
four time periods. In the previous
SURVEY article, the products were
listed according to the size of the
average annual rate of growth for the
period 1948-63.
The list is partial and represents only
a very small fraction of the total number
of individual products in the economy;
it is limited to items for which consistent production data, measured in
physical units, are available.
A number of important qualifications
regarding the data should be kept in
mind, as was noted in earlier articles.
The list is particularly deficient for
producers' durable equipment. The
basis of classification is not consistent;
some items are defined broadly and
others narrowly. The list excludes
many products that are known to be
new and growing rapidly—for example,
computers and stereophonic phonographs—for which data are not available. Finally, the output of any item
is measured by a simple count of
physical units; no account is taken of
changes in product mix or quality.
Growth rate patterns: 1948-65
Over the entire postwar period, 17
percent of the 381 items in the basic
list had annual growth rates of 10
percent or more; about 60 percent had
growth rates up to 10 percent, while 23
percent showed output declines over
the period. Table 1 provides a freTable 1.—Frequency Distribution of Average Annual Growth Rates for 381 Products, Based on Change From 1948 to 1965
Number Percent
of
of
products total
Positive growth rates:
25 percent and over
20 to 24.9 percent
15 to 19.9 percent
10 to 14.9 percent
_
Subtotal
5 to 9.9 percent 0 to 4.9 percent -_
__
Subtotal _ ..
Total
Negative growth rates:
0 to 4.9 percent
5 to 9.9 percent
10 to 14.9 percent
15 percent and over_ _
Total
Grand total
__ _
4
9
12
37
1
2
3
10
62
16
59
173
15
46
232
61
294
77
64
18
3 \
2 j
17
5
1
!
87
23
381
100
19
quency distribution of the products, rate for total production are reflected
with 1948-65 growth rates classified in the changing frequency distributions
in 5-percent intervals. For the 381 of growth rates (chart 9). In the
items combined, the average (mean) 1948-53 period, 282 of the 381 items
growth rate from 1948 to 1965 was 3.8 had expanding rates; this number was
percent, about the same as the expan- reduced to 241 from 1953 to 1960, when
sion in real GNP.
growth slackened, but it increased to
Heading the list of the fastest growing 314 in the 5 years since 1960.
products are 13 items with growth rates
There were 85 items with growth
of 20 percent or more. Most of these rates of 10 percent or more in 1948-53.
were introduced into the market during This number was almost halved (to
World War II or early in the postwar 45) in 1953-60, and it increased only
period. They include such products as moderately (to 53) in the 1960-65
polyethylene, frozen foods, room air period. Many of the products with
conditioners, clothes dryers, textile non- high growth rates in the early period
cellulosic fibers, and textile glass, and were very new and enjoyed rapidly
in many instances they represent sub- growing markets. The shift to lower
stitutes for older, established lines.
growth rates for such products is very
As might be expected, there is a heavy
concentration of items (173, or 46 perCHART 10
cent) whose growth rates range from
zero to 5 percent. The great majority
Distribution of 1960-65 Output Growth Rates
of the products in this group are well
of 381 Products Classified by 1948-53
established and constitute the bulk of
Growth
Rates
the products of American industry.
Above average growth
Despite the substantial expansion in
in real GNP-4.7 percent
industrial production since the early
Below average growth
in real GNP
postwar period, a relatively large numI Negative
ber of products have shown a reduction
in output. However, most of the
1960-65 Growth Rates
products in the declining group are still 1948-53 Growth Rates
being produced in large volume. In
some cases, the production decreases
were adjustments from the extremely
high levels that prevailed in the early Above average growth
in real GNP-5.0 percent
postwar period; in perhaps more cases,
151 items
the decline in output reflected the
development of substitute products.
Variation in rates over time
Although real GNP grew at an average
annual rate of 3.8 percent over the 17
years from 1948 to 1965, the growth
rate was not uniform. From 1948 to
1953, which includes the Korean war,
the average rate was 5 percent per year.
The rate of growth slowed considerably
from 1953 through 1960 to an average
of 2.4 percent per year. However, as a
result of the sustained and rapid expansion since early 1961, the growth rate
accelerated to an average of 4% percent
for the 1960-65 period; inclusion of 1966
in the calculation would raise the average to approximately 4.9 percent per
year.
These shifts in the average growth
Number of items
Below average growth
in real GNP
131 items
Number of items
Negative
99 items
Number of items
U.S. Department of Commerce, Office of Business Economics
SUKVEY OF CUKEENT BUSINESS
20
November 1966
Table A. —Production of Selected Products and Services, 1948, I960 and 1963-65, and Average Annual Rates of Growth for Specified
Time Periods
Production
Unit of measure
Product or service
1948
Average annual rates of growth
1960
1963
1964
1965 P
Rank by product
1948-65 1948-53 1953-60 1960-65* 1948-65 1948-53 953-60 1960-65
Foods, beverages, and tobacco:
Frozen potatoes
Frozen foods prepared
Frozen fruit juices
Frozen meats
Frozen poultry
Tallow edible
Frozen foods, total-.
Effervescent wines
Tall oil
Frozen vegetables..
Soybean oil
._ .. .
--Tallow inedible
Corn oil
Oleomargarine
Beef
Salad dressing, mayonnaise, etc. and related
products.
Fats and oils
•
Shortening
Frozen fruits
Distilled spirits
Butter, creamery
Canned vegetables
Marine oils
Meats total
-Sugar
— —
Still wines-withdrawals
.
—
Cottonseed oil
Ice cream
"Confectionery sales...
Frozen seafood
-;
Fermented m^lt liquor (beer)
Pork (excl lard)
Peanut oil
Wheat flour^ _
Butter creamery
- - - --____Lard
Lamb and mutton
..
Dryinp oils
Whisky, production
Veal
—
Coco anut oil
Condensed and evaporated milk (incl. case 7
bulk).
Cigarettes (large, small)
Cigars (large small)
Manufactured tobacco
Textiles, apparel, and leather:
Consumption of textile glass
Mill consumption of noncellulosic fibers. _
K lit cloth for sale
- •
Mill consumption of rayon and acetate...
_.
Mill consamotion of all fibers
Raw cotton consumption....
_
Cotton broad, woven goods
.
Mill coasamDtion of silk....
Apparel wool consumption
Miill consumotion of wool
Woolen and worstel woven goods
Cirpet wool consumotion
....
Carpets and rugs—wool type, woven
Cotton tire cord..Skirts women's, misses', and juniors'-.. Coats separate dress and sport, men's
Waists, blouses, and shirts women's, misses',
and juniors'.
Dresses, all sizes, girls', children's, and infants'
wear.
Shirts dress, business and sport
Dungarees and waistband overalls, men's
Work pants men's
Hosiery, total
-Coats, girls', children's and infants'
Dresses women's misses' and juniors'
Gloves and mittens, all types
Coats, trimmed and untrimmed, women's,
misses' and juniors'.
Suits men's
Work shirts, men's
- _ __
Suits women's misses' and juniors'
Overcoats and topcoats, men's
Leather billfolds
Shoes and slippers
_ __
Trunks
- - - Cattle hide and side kip
Sheep and lamb
Calf and whole kip
Goat and kid-.. . -Paper and printing:
Woodpulp
Newsprint, production
Pulpwood, consumption
Sanitary and tissue paper
Shipping containers
....
Mil. Ibs—Mil. Ibs
Mil. Ibs
Mil. Ibs
Mil. Ibs
Mil. Ibs
Mil. Ibs
Thous. wine gal— .
Mil. Ibs
Mil. Ibs
—
Mil. IbsMil. Ibs —
Mil. Ibs
Mil. Ibs
Mil. Ibs
Mil. Ibs
«9
40
24
25
150
70
1,347
1, 140
249
435
1,807
1,940
203
908
9,075
86
551
810
1,033
350
1,267
352
6,437
4,019
789
1,402
4,420
3,507
330
1,695
14, 751
136
861
1,694
601
360
1,733
528
7, 680
4,822
990
1,455
4,822
4,058
391
1,794
16, 450
160
1,118
1,844
626
370
1,845
553
8,451
5,825
1,104
1,507
5,146
4,688
414
1,857
18, 448
167
1,218
1,940
959
380
1,787
530
9,106
7,288
1,145
1,627
5,775
4,363
446
1,904
18, 718
175
31.3
25.7
24.3
17.4
15.7
12.7
11.9
11.5
9.4
8.1
7.1
4.9
4.7
4.4
4.3
4.3
41.1
49.6
93.4
46.7
25.7
14.4
21.1
4.6
5.0
18.3
5.4
6.8
5.0
7.3
6.5
4.1
34.0
15.2
6.8
10.9
15.2
14.4
9.0
15.9
13.9
4.5
9.5
3.9
3.5
4.0
2.5
3.8
17.2
19.1
-1.5
1.7
7.1
8.5
7.2
12.6
7.7
3.0
5.5
4.5
6.2
2.3
4.9
5.2
2
4
6
17
22
39
44
48
65
75
88
122
126
138
139
143
17
8
1
12
33
58
42
159
150
46
143
116
148
105
123
175
2
18
78
38
19
24
52
13
26
108
47
125
137
123
172
130
14
9
334
278
95
70
93
34
83
228
144
177
124
246
158
153
Mil. Ibs
Mil. Ibs
Mil. Ibs
---_
Mil. wine gal
Mil. Ibs
Mil. Ibs
Mil. Ibs
Mil. Ibs
Thous. sh. tons
Mil. wine gal
Mil Ibs
Mil. Ibs
Mil. Ibs
Mil. Ibs
Thous bbls
Mil. Ibs..
Mil. Ibs
Mil. bbls
Mil. Ibs
Mil. Ibs
Mil. Ibs
Mil. Ibs
Mil. tax gal
Mil. Ibs. __
Mil. Ibs
Mil. Ibs
Mil Ibs
10, 405
1,441
370
171
1,098
5,917
131
21, 300
6,974
116
1,464
2,721
2,673
292
88,125
10, 055
146
142
1,504
2,321
747
722
171
1,423
557
737
3,755
17, 353
2,313
689
235
1,478
8,021
215
28, 242
9,800
149
1,816
3,359
3,004
329
93,415
11, 614
101
130
1,435
2,563
768
495
149
1,108
495
399
2,666
19,338
2,584
620
259
1, 632
8,615
186
30, 595
10, 355
157
1,917
3,444
3,269
352
100, 631
12,447
114
135
1,453
2,476
770
514
105
928
348
394
2,369
20, 672
2,664
795
276
1,726
8,494
180
32, 705
10, 029
165
1,933
3,531
3,403
332
105, 897
12, 531
141
135
1,468
2,476
715
647
113
1,011
328
418
2,394
20, 486
2,764
654
293
1,743
8,810
196
31, 560
10, 233
167
1,974
3,614
3,476
367
108,210
11, 173
156
130
1,357
2,050
651
542
127
1,018
365
463
2,220
4.1
3.9
3.4
3.2
2.7
2.4
2.4
2.3
2.3
2.2
1.8
1.7
1.6
1.4
1.2
.6
.4
-.7
-.8
-1.7
-1.8
-1.9
-2.4
-2.7
-3.0
4.2
3.1
7.9
2.7
4.1
4.3
3.4
3.0
4.0
2.8
5.0
1.3
.3
-1.2
.9
.1
-10.9
-4.3
1.3
.3
-.5
-5.4
-11.9
2.3
-5.4
-5.7
-5.2
4.4
4.7
3.5
2.7
1.4
1.3
4.8
1.9
2.0
1.6
-.4
2.1
1.4
2.6
.2
2.1
3.0
1.9
-1.6
1.2
.7
-1.4
7.3
-5.1
2.3
-4.5
-1.1
3.4
3.6
-1.1
4.5
3.4
1.9
-1.9
2.2
.9
2.3
1.7
1.5
3.0
2.2
3.0
-.8
9.1
_(*)
-1.1
-4.4
-3.2
1.8
-3.1
-1.7
-5.9
3.0
-3.6
150
155
170
174
188
202
205
210
214
219
232
238
243
251
258
272
279
302
306
309
312
329
333
334
338
339
342
170
197
99
210
172
168
190
200
179
209
149
247
272
298
259
279
367
329
245
273
286
344
371
226
343
347
339
110
98
138
160
209
211
96
195
193
208
253
190
210
164
239
191
150
194
281
218
227
277
73
338
180
331
266
209
203
330
175
208
264
338
255
301
248
277
286
225
254
227
324
61
315
329
362
351
271
350
337
369
230
355
387
5,734
245
507
6,917
173
551
6,934
168
540
9,702
180
557
7,900
167
2.2
1.9
-2.2
1.8
.8
-3.1
2.6
2.1
-2.7
1.9
2.7
-.7
215
227
336
236
282
318
162
187
307
265
241
322
268
182
221
148
Mil Ibs
7
1,334
614
Mil. Ibs....
64
1,076
1,687
Mil. Ibs —
248
346
450
417
« 110
1,516
1, 551
Mil. Ibs
- 1,149
1,055
1,440
6,409
Mil. Ibs
6,492
7,253
7,790
8,501
4,464
4,244
4,191
4.476
Mil. Ibs
4,040
Mil. linear yds..— 9,640
8,966
8,759
9,23*
9,366
196
213
251
Mil. Ibs
—
210
240
6,700
5,800
Mil. Ibs
6,400
7,400
6,900
251
234
275
485
Mil. Ibs
246
411
412
357
387
Mil Ibs
693
284
255
Mil. linear yds
498
267
286
112
208
123
165
160
Mil. Ibs
42
39
36
Mil. sq> yds
90
54
9
13
11
285
30
Mil. Ibs
—Thous. of units — 34,900 100, 100 100,344 95, 028 118, 872
12, 492
11, 183
10, 830
Thous. of units
4,865
10. 237
Thous. of units—- 94, 200 186,900 208,900 221, 900 202, 400
112
62
111
Mil
.*_..
116
(*)
30,321
Thous. doz_.
16,462
25, 143
26,946
23, 208
4,152
4,867
4,861
2,965
Thous doz
2,655
6,052
5,807
5,618
Thous. doz _ - _ 3,500
5,873
190
180
195
Mil. doz. pr_
144
151
9,171
9,030
6,967
8,540
Thous
(*)
271
275
254
260
227
Mil of units
330
348
Milpr
323
«346
(*)
25,509
23, 117
25, 574
23, 544
23,708
Thous. of units
24.0
21.3
8.1
1.8
1.7
(*)
-.3
-1.0
-1.4
-3.3
-3.4
-3.6
-36
-5.2
-18.4
7.5
5.7
4.6
46.4
29.5
6.9
1.3
.2
-(*)
1.1
11.3
1.1
-5.9
-6.5
-7.6
-8.1
-5.7
-23.8
15.9
9.1
11.1
17.8
14.8
6.1
-2.1
«9
-1.2
-8.0
-1.7
-5.2
-2.6
-2.3
2.8
-3.0
-11.9
4.6
4.5
2.3
12.6
22.0
12.6
8.0
5.5
1.3
— 3
-2^4
-3.4
2.2
-1.2
-1.4
-7.5
-7.8
-21.5
3.5
4.1
1.6
8
12
76
235
240
294
299
319
325
348
350
352
351
359
380
82
107
131
13
25
114
248
275
283
255
76
257
348
354
357
358
346
381
51
90
79
9
21
87
296
240
260
267
364
2S7
339
305
301
156
313
373
103
107
182
37
6
35
76
142
291
318
348
354
252
331
333
370
371
381
206
187
285
3.8
10.0
2.1
-.9
156
85
189
326
143
52
328
149
288
283
274
282
Bil..
Mil
Mil. Ibs
Thous. of units— -. 23,412
Thous. doz . _4,648
14,963
Mil of units
Thous. of units — 6,193
« 16, 336
Thous
480
Mil. pairs
- -—
« 1,244
Thous
-.26, 070
Thous. of hides
and kips.
33, 492
Thous skins
10, 480
Thous. skins
37, 970
Thous. skins
Thous. sh. tons
Thous. sh. tons...
Phous. cords
Thous. sh tons
... Thous. sa. ft
12, 872
876
21, 200
1,188
62. 100
e
— !e
3.7
3.6
2.8
1.8
1.7
1.1
.5
-6.0
1.3
-.8
-.5
-.3
__ .3
0
5.5
10.4
-.9
5.3
1.4
1.6
1.8
1.6
162
165
187
233
237
261
293
295
128
74
93
231
152
211
302
296
231
347
215
259
254
250
237
249
-8
6.3
11.4
8.9
2.1
4.9
2.7
-1.4
-1.2
21,316
3,696
9,419
5,293
28, 307
600
729
21, 969
20, 561
3,742
10, 902
4,269
32, 109
604
961
21, 654
20, 343
3,749
12, 235
3,956
36,046
613
1,003
22, 834
22, 419
3,949
11,736
4,436
35, 547
630
1,357
23, 436
-.3
-1.0
-1.4
-2.0
4.4
1.6
.5
-.6
-1.5
2.3
-1.0
-1.7
*>2.7
2.1
6-4.9
-1.6
-.2
-4.7
-5.8
-1.0
*6.7
1.7
&-2.9
-1.3
1.0
1.3
4.5
-3.6
4.1
1.0
13.2
1.3
300
320
326
335
137
244
276
305
303
227
292
305
212
233
336
304
246
334
345
264
79
203
312
273
297
292
176
357
188
296
27
290
30, 478
6,332
18,835
34,374
5,596
14, 182
31, 548
6,535
12, 874
30, 316
6,263
14, 557
-.6
-3.0
-5.5
-LO
-3.3
1.1
-6.3
-7.4
-.1
-.2
-4.8
308
341
362
321
290
320
221
351
361
316
317
366
25, 316
2,004
40, 500
2,202
108,900
30, 121
2,213
46, 400
2,576
128, 700
32, 429
2,296
49, 700
2,745
137, 300
33, 296
2,096
50, 700
2,8<7
148, 300
5.8
5.3
5.3
5.3
5.2
6.4
4.1
5.8
4.8
6.1
5.4
9.4
5.4
5.6
3.9
5.6
.9
4.6
5.3
6.4
106
112
114
115
118
126
174
136
154
130
93
48
92
90
124
138
300
170
150
118
SURVEY OF CUEEENT BUSINESS
November 1966
21
Table A.—Production of Selected Products and Services, 1948, i960 and 1963-65, and Average Annual Rates of Growth for Specified
Time Periods—>Con tinned
Product or service
Average annual rates of growth
Production
Unit of measure
Rank by product
1948-65 1948-53 1953-60 1960-65* 1948-65 1948-53 1953-60 1960-65
1948
1960
1963
1964
1965 v
Thous. sh. tons...
Thous. sh. tons
Thous. sh. tons...
Thous. sh. tons...
Thous. sh. tons...
Thous. sh. tons...
Thous. sh. tons...
Thous. sh. tons__Thous. sh. t o n s _ _ _
Thous. sh. tons
Thous. sh. tons..
Thous. sh. tons
1947-49=100
Thous. sh. tons..
Thous. sh. tons
Thous. sh. tons...
415
9,508
1,141
766
21, 897
3,151
1,270
567
3,027
2,592
877
7,585
99
1,321
816
5,141
760
15,851
1,756
1,256
34, 444
4,700
1,789
880
3,957
3,194
1,077
9,032
124
1,422
566
7,376
912
18, 408
2,131
1,382
39, 215
5,269
2,098
952
4,251
3,557
1,148
9,551
126
1,453
576
7,547
971
19, 811
2,244
1,481
41, 748
5,623
2,263
962
4,396
3,797
1, 157
9,493
126
1, 534
601
8,042
989
20, 895
2,410
1, 605
43, 747
5,993
2,278
981
4,590
3,833
1,189
9,914
128
1,555
615
8,460
5.2
4.7
4.5
4.4
4.2
3.8
3.5
3.3
2.5
2.3
1.8
1.6
1.5
1.0
-1.7
3.0
5.9
5.6
2.6
2.6
4.0
2.4
1.6
6.7
2.1
1.2
1.7
2.4
4.1
.8
-5.1
^ 3.6
4.6
3.5
4.6
5.4
3.8
4.1
3.8
1.7
2.4
2.' 2
1.8
.8
.4
.5
-1.5
2.6
5.4
5.7
6.5
5.0
4.9
5.0
4.9
2.2
3.0
3.7
2.0
1.9
.6
1.8
1.7
2.8
Mil. Ibs
Mil. cu. ft
Mil cu ft
Mil. Ibs
Mil. Ibs
Thous. Ibs
Mil Ibs
Mil. cu. ft
Thous. Ibs
.
Mil. Ibs
Thous. sh. tons.
Mil. Ibs
Mil Ibs
Mil. Ibs
Mil. Ibs
Mil. gal
Thous. sh. tons._.
Mil. Ibs
Mil. gal
Thous. Ibs
Mil Ibs
Mil. Ibs
Mil. Ibs _ .
Mil gal
Mil. cu.ft
Thous. sh. tons...
Mil. Ibs
Mil. Ibs
Mil Ibs
Thous. sh. tons...
Thous. Ig. tons.-..
Mil Ibs
Mil Ibs
Mil. cu. ft
Mil. Ibs
Thous. sh. tons
Mil. gal
Thous. sh. tons...
Mil. Ibs
Thous. sh. tons
Thous Ibs
Mil. Ibs
Mil. Ibs _.. _
Thous. sh. tons...
Mil. proof gal
Thous sh. tons
Mil. Ibs
- Thous. sh. tons
Thous. sh. tons
Mil. Ibs
Thous Ibs
Thous. sh. tons
Mil. Ibs
Mil. Ibs
Thous. sh. tons___
Thous. sh. tons___
Mil. gal
Thous. sh. tons___
Thous. Ig. tons
Thous. sh. tons.__
Mil. gal
Mil Ibs
Thous. sh. tons...
Thous Ibs
Thous sh tons
Mil Ibs
Mil. gal
Thous. gal
Mil Ibs
Thous Ibs
19
51
30
9
66
243
165
16, 200
162
218
432
1,485
636
20
148
61
1,375
68
84
2,610
205
367
617
184
28,300
1,133
297
150
661
1,640
488
159
21
5,144
1,199
1,120
149
458
422
2,377
11, 016
135
639
527
324
11, 456
92
16, 400
1,900
775
2,660
649
197
62
17, 596
683
272
919
4,914
96
577
1,124
486
680
4,575
201
145
2,366
3,180
33, 200
1, 337
642
570
177
677
2,969
1,062
58, 000
859
1,203
2,087
6,143
3,940
164
602
282
4,818
209
274
11, 063
706
1,297
1,872
457
65, 236
3,315
774
399
1,883
4,637
1, 436
401
64
12, 143
1,883
2,319
296
970
765
4,972
23, 553
265
984
898
596
17, 883
120
25, 500
2,672
1,096
5,080
1,027
290
107
25, 268
1,093
344
1,073
5,710
122
663
1,028
497
852
4,558
156
93
2,162
1,277
1,537
2,270
2,232
970
192
1,156
4,180
1,494
128, 500
(*)
1, 760
2,905
8,968
4,540
179
835
335
6, 693
325
406
14, 874
910
1,660
2,537
647
95, 608
4,242
935
518
2,324
5,464
1,608
459
69
14, 730
2,697
2,321
352
1,079
1,046
5,814
28,400
344
1,207
1,083
692
20, 936
155
30,644
3,231
1,272
4,639
1,029
303
118
29, 376
1,109
373
1,233
5,828
134
678
1,349
551
923
4,682
204
98
1, 235
1,221
1,138
2,613
4,027
1,052
240
1,407
3,913
1,729
158, 400
1,569
2,067
3,283
10, 103
4,730
124
951
343
7,634
366
495
14, 105
975
1,815
2,840
730
107, 970
4,732
1,113
570
2,491
5,945
1,765
556
69
15, 964
3,078
3,330
396
1,264
1,123
6,389
28, 221
354
1,282
1,120
685
22,924
170
31, 623
3,465
1,399
4,964
1,112
320
118
31, 073
1,132
394
1,316
6,250
138
725
1,432
565
779
4,948
184
113
1,335
1,162
946
3,047
4,365
1,273
282
1,777
(*)
2,033
182, 400
1,310
1,200
, 6,723
29, 029
324
1,459
1,174
710
24, 822
195
34, 687
3,831
1,534
(*)'
1,177
353
107
30, 581
1,098
411
1,392
7,304
138
775
1,527
590
(*)
4,931
207
108
1,320
1,162
836
34.8
30.0
24.7
22.5
21.3
19.0
15.9
15.3
15.2
14.9
13.7
12.9
12.7
12.4
12.4
11.5
11.4
11.4
11.4
11.1
10.1
10.0
9.9
9.2
9.1
8.9
8.7
8.7
8.6
8.4
8.0
7.9
7.3
7.1
6.7
6.6
6.5
6.4
6.3
6.3
5.9
5.3
5.0
4.8
4;7
4.7
4.5
4.5
4.2
4.1
4.0
3.6
3.5
3.3
3.3
2.8
2.5
2.5
2.4
2.2
1.8
1.8
1.2
.9
.4
.2
-1.7
-3.4
-5.8
-19.5
48.0
25.4
42.3
40.9
30.2
46.3
25.2
9.3
36.0
18.8
17.3
13.3
27.2
33.2
14.6
13.1
10.7
17.6
13.2
12.3
13.6
11.2
12.6
8.1
-2.1
9.3
5.2
11.5
11.8
11.3
11.7
7.4
21.7
5.6
4.5
9.0
2.4
11.1
3.4
6.5
4.5
8.9
3-3
7.1
6.9
4.1
4.2
4.9
2.5
.7
11.9
4.4
3.9
5.5
5.2
3.0
1.1
2.6
2.3
2.6
2.9
1.3
4.7
-1.4
1.3
-3.8
(•)
-3.5
-9.0
-22.1
38.8
22.2
18.4
19.8
15.5
8.9
11.1
12.6
1.9
12.9
11.7
12.0
9.3
10.0
10.8
14.0
11.2
4.6
8.4
13.2
8.9
11.0
7.6
7.7
14.4
9.4
10.6
6.5
7.3
7.5
7.8
8.5
1.9
.8.7
3.4
4.3
8.4
3.3
6.3
6.2
8.0
3.6
4.0
2.7
4.0
3.6
.9
3.0
3.2
4.5
1.2
3.5
2.9
4.1
1.6
4.7
2.6
.4
.5
1.6
(-*)
-2.1
-2.9
4.3
-1.0
-.9
-6.1
1.2
-6.1
-22.9
17.9
46.8
17.4
9.8
21.3
7.2
13.9
25.7
16.2
14.0
13.0
13.7
4.3
-2.4
12.2
6.6
12.3
15.5
14.1
6.3
8.3
7.4
10.5
12.6
13.7
7.9
9.7
9.2
7.5
6.8
4.8
7.6
1.5
6.4
13.7
7.7
7.8
6.1
9.4
6.2
4.3
4.2
8.2
5.5
3.6
6.8
10.2
6.3
7.5
7.0
-.6
2.8
4.0
3. 6
5.4
5.0
2.5
3.2
8.2
3.5
-2.3
1.6
5.8
3.0
-9.3
-1.9
-11.4
Thous. sh. tons___
_ Mil. gal
Thous bbls
Mil. bbls.
___
Mil. bbls
Mil. bbls
Thous. bbls
___ Thous. sa
2,899
2,209
51, 900
381
876
2,031
3,515
30. 026
12, 002
8,444
98, 700
667
1,408
2,953
5,896
38. 205
16, 138
10, 302
111,900
765
1,501
3,171
5,126
40. 380
16, 865
10, 744
114, 900
742
1,560
3, 223
5,352
44. 857
17, 208
11, 256
123, 600
765
1,656
3,301
5,708
44. 112
11.0
10.1
5.2
4.2
3.8
2.9
2.9
2.3
8.3
16.2
6.9
6.7
6.1
4.7
7.2
1.1
15.7
8.8
4.5
3.4
2.6
2.1
2.4
2.7
7.5
5.9
4.6
2.8
3.3
2.2
-.7
2.9
Paper and printing— Continued
Special industrial paper, incl. absorbent _
Paperboard , incl . wet machine board , total
Fine paper
_ _ _ _ _ _ ___ _ _ __
Bag paper
Paper and board, total
Printing paper
Hardboard and insulating board, total
Shipping sack paper __
Coarse paper
C onstruction paper and board
_ _ __
Converting paper
Waste paper
Folding paper boxes
Construction paper
Wrapping paper _ _ _ _ _
_ . _ _ _ _ _ _ .
Newsprint — consumption . _ .
___
119
128
134
136
146
159
168
173
195
209
231
246
247
265
332
178
134
140
214
213
178
221
242
119
229
251
240
223
173
263
338
187
104
139
99
91
128
119
127
202
176
183
198
226
233
230
280
168
148
136
114
154
160
156
159
257
224
200
260
268
304
270
279
238
1
3
5
10
11
16
21
24
25
26
31
36
38
40
41 49
50
52
53
54
61
62
63
66
68
69
70
71
72
74
77
78
83
84
90
92
93
96
97
98
104
111
121
123
127
130
132
135
148
149
153
163
167
171
172
184
198
199
204
218
234
236
260
268
280
285
328
349
365
381
11
34
16
18
24
14
35
88
22
44
48
61
30
23
56
66
81
47
64
69
59
77
68
97
306
87
146
73
71
75
72
104
40
138
163
91
220
78
188
125
161
92
192
108
112
176
169
153
219
265
70
165
180
141
145
199
256
217
225
216
203
249
157
301
250
327
281
325
364
379
1
4
8
5
17
53
36
30
196
29
32
31
50
45
39
25
35
101
59
27
54
37
67
66
23
49
40
81
71
68
64
57
197
56
141
115
58
143
82
85
62
131
121
158
120
134
223
151
145
105
220
135
154
118
205
97
169
234
232
207
242
297
311
112
265
259
349
219
348
381
12
1
13
54
7
92
20
4
15
32
28
23
182
345
42
113
38
17
31
123
72
89
51
33
21
79
55
60
85
106
161
84
287
116
22
82
80
127
58
126
179
184
74
139
201
108
53
122
88
99
321
234
192
314
196
311
202
147
157
244
217
75
207
343
284
130
226
373
340
375
56
60
116
145
157
182
183
207
95
50
111
118
129
156
107
254
15
55
106
140
165
188
179
157
87
128
167
236
214
253
323
231
Chemicals and allied products:
Polyethylene
Helium
Argon
Textile glass fibers production
Noncellulosic fibers, production, total
Antibiotics (for human or veterinary use)
Styrene plastics and polyester resins
Oxygen, high purity
Penicillin salts
_
Poly vinyl resins
Phosphoric acid
_
_
___ _
Plastics and resin materials
Soaps detergents synthetic
DDT
Plasticizers
Xylene
Ammonia, synthetic, anhydrous
Perchloroethylene
Toluene
Vitamins _ _ _ _ _ _ _
_ _ _ _ _ _ _ _ _
Transparent film for packaging
Ethylene glycol
Formaldehyde
Benzene
Hydrogen, high and lower purity
Nitric acid
Phenol, natural and synthetic
Urea and melamine resins
Butadiene
Chlorine gas and liquid
Synthetic rubber
Phthalic anhydride
Pentaerythritol
Acetylene
Man-made fibers, total
Potash deli\eries (K2° content)
_ _
Methanol synthetic
Hydrochloric acid__
Acetic acid (synthetic and natural)
Sodium hydroxide, liquid
_ _ _ _ _ _ _ _
Acetylsalicylic acid (aspirin)
Coumarone indene
Industrial explosives
_
Carbondioxide liquid gas and solid
Ethyl alcohol
Sulfuric acid
Aniline
_ _ _ . _ _ _ _ _ _ _
Salt, sold or used _
Superphosphate _ _
_ ___
__
Acetic anhydride
_ __
Sulfa drugs
Carbon black_ _
Glycerin, refined, all grades __
Ethyl acetate (85%)
Fertilizers, commercial consumption. ___ __ __
Calcium carbide
Paint, varnish & lacquer, trade sales
Sodium sulfates, total
Sulfur, native (Frasch and recovered) _ _
Sodium bichromate and chromate
Paint, varnish, and lacquer, totalRayon and acetate
Sodium silicate
__
_
Barbituates
Sodium carbonate (soda ash)
Dyes
Creosote oil
Methanol (natural)
Soaps, natural
Black blasting powder _ _ _ _ _ _ _
2,312
3,845
11, 680
4,870
145
1,073
388
8,607
429
*530
1,050
1,850
3,086
827
123, 660
4,860
1,229
621
2,708
6,439
1,814
579
69
16, 548
3,586
3,365
432
.#
Petroleum products:
Petroleum coke
L.P. gases and ethane
Asphalt
Fuel oil, distillate
Gasoline
Crude runs to stills
Wax petroleum
Asphalt roofing (shingles)
,
__
SUEVEY OF CUKKENT BUSINESS
22
November 1966
Table A.—Production of Selected Products and Services, 1948, I960 and 1963-65, and Average Annual Rates of Growth for Specified
Time Periods—Con tin ued
Production
Product or service
1948
1960
1963
Average annual rates of growth
1964
1
1965 r
Rank by product
1948-65 1948-53 1953-60 1 960-65? 1948-65 1 948-53 11953-60 ]L960-65
Petroleum products— Continued
Lubricants
Asphalt roofing (roll roofing)
Fuel oil, residual
Insulated siding
Asphalt siding... _ __
51, 400
29, 913
466
2,560
3,280
59,400
21, 754
332
1,131
872
63, 100
24, 109
276
845
798
63, 700
26, 218
267
680
720
62, 900
28, 584
269
603
645
1.2
-.3
-3.2
-8.2
-9.1
0.4
-3.5
-.7
1.8
-13.8
1.8
-2.0
-4.3
-12.1
-7.9
1.2
5.6
-4.1
-11.8
-5.8
259
298
346
372
374
271
324
288
237
375
199
292
328
375
363
293
137
360
374
368
169
109
1,065
67
1,069
14, 576
11, 489
267
5,160
70, 200
58, 754
192
668
480
3,196
105
1,558
14, 483
9,809
293
3,235
41, 000
31, 171
67
524
505
2,971
122
1,764
16,889
11, 427
281
3,820
39, 657
28, 230
47
618
532
3,678
139
1,933
18, 943
12, 913
276
4,351
42, 437
29, 525
69
990
524
4,340
147
2,056
20, 499
12, 400
280
4,716
41, 342
28, 900
70
11.0
9.7
8.6
4.7
3.9
2.0
.4
.3
-.5
-3.1
-4.1
-5.8
22.9
21.0
2.3
3.9
4.6
.2
.9
2.1
-6.2
1.2
1.5
-17.6
5.0
7.8
15.1
3.8
2 2
2
-L7
-.1
-2.1
-8.2
-9.7
-1.3
8.2
1.8
6.3
7.0
5.7
7.2
4.8
-.9
7.8
.1
-1.6
.9
55
64
73
129
154
226
281
283
304
343
354
364
39
43
224
181
160
276
261
232
352
252
244
377
94
65
20
129
185
247
289
243
298
365
368
274
73
276
120
101
135
94
163
327
81
312
335
299
1,871
4,317
3,855
36, 800
832
11, 820
4,091
75, 000
«34
«6,226
« 5, 605
7,816
5,345
3,763
32, 900
879
7,958
1,948
35, 900
608
8,692
7,375
10, 375
5,835
5,304
34, 500
832
8,927
1,986
33, 600
456
8,646
7,609
11, 455
5,934
5,228
35, 400
842
8,640
2,094
28, 500
472
8,889
7,498
12, 370
6,250
5,307
36, 200
779
8,891
2,041
29, 000
552
9,492
8,118
11.8
2.2
1.9
-.1
-.4
-1.7
-4.0
-5.5
16.7
2.4
2.1
14.4
3.3
4.4
.1
2.8
j
-9.5
-8.5
56.4
2.0
4.3
11.4
.8
-3.4
-1.5
-1.2
-5.0
-3.4
—4.1
2.9
3.1
.3
9.6
3.2
7.1
1.9
-2.4
2.2
1.0
-4.4
-1.9
1.8
1.9
45
216
229
296
301
330
353
363
19
203
220
57
191
166
278
208
289
366
359
4
234
167
33
225
318
278
269
337
319
327
155
148
235
57
215
96
267
347
256
295
363
339
275
263
102
99
5,035
204
3,408
3,303
3,082
6,249
5,707
18, 947
233
160
7,745
312
4, 895
4,351
4,256
8,591
6,502
20, 738
267
182
8,658
349
5,633
5,118
4,788
9,182
7,405
24, 968
286
189
9, 037
366
5,687
5,353
4,825
9,440
7, 744
24, 338
283
201
9,441
374
5,370
5,149
4,657
9,316
8, 809
24, 078
6.2
4.3
3.8
3.6
2.7
2.6
2.5
2.4
2.1
1.4
5.6
5.4
3.7
5.2
-2.3
-3.0
-3.0
2.8
.2
b-1.1
8.2
3.1
3.6
2.7
7.1
6.3
7.1
2.6
1.7
b
2.6
4.0
4.7
4.0
3.7
1.9
3.4
1.8
1.6
4.5
3.1
99
141
158
164
191
193
196
201
221
252
139
142
'185
144
308
317
316
205
274
293
60
147
132
159
76
83
74
161
201
166
191
164
193
199
269
210
272
281
173
219
1,433
322
1,271
1,854
407
488
1,772
378
343
1,837
353
311
1,732
327
313
1.1
.1
-7.9
1.8
6.6
-6.2
2.5
-1.2
—8.7
-1.4
-4.3
-8.5
264
290
371
239
121
351
175
268
367
332
361
372
Thous. sh. tons...
10
Thous. sh. t o n s _ _ _
623
Mil. Ibs
1,640
Thous. sh. tons...
1,643
Thous sh tons
1,542
Thous. sh. tons___ 19, 743
Thous sh tons
94
Thous. sh. tons...
818
Thous. sh. tons
1,155
Thous. sh. tons...
1,107
Thous. sh. tons
654
Thous. sh. tons___ 60, 055
Thous. sh. tons.-. 88, 640
Thous. sh. tons
1,888
Thous. sh. tons__. 65, 973
Thous. sh. tons
1,214
Thous. sh. t o n s _ _ _
6,882
Thous. sh. tons
788
941
Thous. sh. tons__.
Thous. sh. tons
13, 207
Thous. sh. tons
.
407
1,134
Thous. sh. tons...
Thous. sh. tons...
1,779
91
Thous. Ig. tons
74, 862
Thous. sh. tons
4,301
Thous. sh. t o n s _ _ _
3,517
Thous. sh. tons_-_
40
2,014
3,049
3,057
2,214
29, 001
108
878
1,336
1,519
782
66, 672
99, 282
2,690
71, 149
1,148
7,052
800
821
11, 594
382
1,021
1,392
81
57, 229
2,975
1,266
76
2,313
4,257
3,922
2,683
31,042
125
1,105
1,677
1,596
913
71, 917
109, 261
2,260
75, 555
1,423
7,043
893
933
12, 764
395
1,164
1,504
78
54, 279
3,138
1, 106
80
2,553
4,831
4,372
3,229
34, 222
147
1,207
1,859
1,656
940
85, 601
127, 076
2,634
84, 945
1,493
8,137
954
1,001
14,316
449
1,202
1,835
83
62, 144
3,105
1,395
81
2,754
5,688
4,853
3,150
36, 733
172
1,354
1,876
1,712
958
88, 173
131,462
2, 778
92, 666
1,526
8,689
1,005
1,136
15, 713
431
1,241
1,962
83
64, 466
3,484
1,523
13.1
9.1
7.6
6.6
4.3
3.7
3.6
3.0
2.9
2.6
2.3
2.3
2.3
2.3
2.0
1.4
1.4
1.4
1.1
1.0
.3
.5
.6
-.5
-.9
-1.2
-4.8
56.2 -11.4
15.0
7.0
6.9
4.2
6.9
4.2
2.6
3.7
6.5
1.0
2.4
.3
3.8
-1.6
2.2
.5
3.2
2.3
2. 1
.7
4.5
-L 7
4.7
-1.7
13.2
-3.7
4.0
-1.7
3.4
-3.1
7.5
-4.7
3.1
-1.9
.6
-2.4
-2.4
.7
-2.9
2.8
1.2
-2.3
-3.9
.6
-.9
-1.1
1.0
-4.5
-3.4
-2.4
-2.4 -12.0
15.2
6.4
13.3
9.7
7.3
4.8
9.7
9.1
7.0
2.4
4.2
5.8
5.8
.7
5.4
5.8
4.3
4.7
6.7
6.3
2.4
4.0
7.1
.5
2.4
3.2
3.8
35
67
79
91
140
161
166
179
180
192
208
211
212
213
223
250
253
254
262
266
282
274
273
303
314
323
357
5
54
110
113
184
124
222
183
228
193
266
164
158
63
177
189
103
198
268
267
207
253
269
294
258
310
309
371
77
116
117
163
222
238
283
229
181
186
286
288
322
285
315
333
291
303
302
310
300
324
261
329
320
374
18
117
26
64
90
162
56
62
100
250
183
131
132
303
145
129
181
166
110
119
251
194
98
305
249
218
198
31
10, 780
777
1,513
2,718
3,245
420
148
1,948
2,711
82
333
27, 070
263
2,750
530
2,084
860
153
18, 706
1,253
2,721
3,865
4,677
503
203
2,159
2,899
115
280
21, 055
189
1,814
475
1,211
320
184
20, 296
1,363
2, 597
4, 097
4,621
563
176
2,605
3,472
92
316
23, 063
188
2,072
526
1,297
316
200
20, 648
1,514
2,724
4,241
4,737
570
177
2,628
3,583
87
323
24, 312
179
2,170
555
1,227
316
200
21, 667
1,389
2,614
4,321
4,928
585
197
2,447
3,192
88
339
24, 132
231
2,266
437
943
321
11.6
4.2
3.5
3.2
2.8
2.5
2.0
1.7
1.4
.9
.4
.1
—.7
-.8
-1.1
-1.1
-4.6
-6.0
18.4
6.7
5.1
7.6
6.8
4.7
15.2
4.2
-.2
-4.4
5.9
5.5
3.0
2.1
-.8
2.3
1.1
3.1
-.6
2 5
L9
-5.2
3.9
2.8
4.1
4.5
-1.7
-4.8
.1
46
144
169
175
186
194
225
241
249
267
278
289
310
311
321
322
356
366
45
117
147
101
115
155
53
171
284
332
132
285
313
333
334
264
330
365
34
142
144
146
236
192
359
206
200
113
228
294
284
276
304
295
330
357
140
223
258
325
245
294
221
32C
242
26f
367
195
238
18C
174
33f
365
313
Thous bbls
Thous. sq
Mil. bbls
Thous sq
Thous. sq
Rubber and plastics products:
Aircraft tires
- _______________
Thous
Tread rubber (recapping material)
_
Mil. Ibs
Industrial pneumatic tires
_
Thous
Passenger car tires
Mil
Rubber consumption, natural and synthetic
Thous. Ig. tons
Truck and bus tires
_ - _ _
Thous
Truck and bus inner tubes _ _ _ _ _ _
Thous
Reclaimed rubber
_ _ _ _ _ Thous. Ig. tons
Tractor-implement tires _
_ _ _ _
Thous
_ _
Inner tubes, automotive, total
Thous
Passenger car inner tubes
Thous
Motorcycle tires
Thous
Lumber and furniture:
Douglas fir (softwood plywood)
Exterior frames
_
Hardwood doors
Lumber, total
Oak
flooring
__ __
Open sash _ _ _ _
_
_
Ponderosa pine doors
Maple, beech and birch
flooring
.
Rubber or latex core mattresses
Innerspring mattresses, other than for cribs
B e d springs, box, total
_ _ _ _ _ _ _ ___
Mil. sq. ft
Thous. units
Thous. units
Mil. bd. ft
Mil. bd. ft—
Thous. units
Thous. units
Thous. bd. ft
Thous
Thous
Thous
_
Stone, clay, and glass products:
Floor and wall tile
Glass containers
Gypsum wall board incl lath
Cement Portland
Water closets
~—
Lavatories
_ _ _ _
__
Flush tanks, vitreous china
Calcined gypsum
Brick common and face
Glass sheet (window)
- - __
Vitrified clay sewer pipe and
fittings
Hollow facing tile _ _ _
•__
_
Structural clay tile
_
_ _ _
Mil. sq. ft
Mil. gross
Mil sq ft
Mil. bbls
Thous
Thous
Thous
Thous sh tons
Mil std brick
Thous. of boxes
50 sq. ft.
Thous. sh. tons
Mil. brick equiv...
Thous. sh. tons
Primary metals:
Magnesium
Aluminum, primary
_
_ _ _ _
Aluminum mill products _ _ _ _ _ _ _ _ _ _ _
Galvanized sheets
Concrete reinforcing bars
Sheets and strip
Nickel consumption
Slab zinc consumption
Cast-iron pressure pipe and fittings _
Copper primary, production
Cast-iron soil pipe and fittings
P i g iron
- _ _ _ _ _ _ _• _
Steel ingots and steel for castings
Steel line pipe
_
_
Finished steel products, shipments, total
Copper, primary, consumption
Pipe and tubing.
__
Slab zinc, production
Malleable iron castings..
Gray iron castings
Lead (refined), primary, production
- Lead, primary and secondary consumption
Steel castings
Tin, primary and secondary, consumption
Coke, oven and beehive
Wire and wire products
_. .
Rails and accessories
Fabricated metal products:
Gas fired boilers
Metal and plastic caps, total
Warm air furnaces
Water heaters, gas -fired __
_
Fabricated structural steel
Cans (tinplate), shipments (metal consumed) __
Oil burners, residential
Shower stalls and receptors
Bath tubs, cast iron and steel
Kitchen sinks, cast iron, steel and other
Drinking fountains
Crowns
Barrels and drums, steel, heavy type
Cast iron boilers
Cooking. stoves, gas— • _ _ _
_
Floor and wall furnaces..Gas fired direct heating
Wire nails and staples
Thous
Mil. units
Thous
__
Thous
__ -__
Thous. sh. tons. .
Thous. sh. tons. _
Thous
Thous
Thous
Thous
Thous
- - Mil. gross
Thous
Mil. Ibs
Thous
Thous -_- _Thous
Thous. sh. tons.
-2*. 7
-4.6
-4.6
.8
-4.3
-9.3
11.4
3.3
3.3
3.2
.3
2.0
-7.2
1.6
1.7
4.3
.6
-2.1
-1.6
-1.4
-2.6
-2.1
-4.5
-6.9
SUEVEY OF CUREENT BUSINESS
November 1966
23
Table A.—Production of Selected Products and Services, 1948, i960 and 1963-65, and Average Annual Rates of Growth for Specified
Time Periods—Continued
Production
Product or service
Average annual rates of growth
Rank by product
Unit of measure
1948-65 1948-53 1953-60 1960-65? 1948-65 948-53 953-60 960-65
1948
1960
1963
1964
5, 227
60
1,856
21
1, 999
16
1,733
12
1,647
9
-6.5
-10.6
-8.9
-11.8
-7.8
-5.8
-2.4
-15.6
367
378
363
370
362
344
346
379
74
112
38
1,580
1,874
350
1,945
2,570
580
2,755
3,294
702
2,945
(*)
815
24.2
23.5
19.8
69.8
59.0
27.3
6.1
7.4
15.6
13.3
15.1
18.4
7
9
14
2
3
29
86
70
16
25
19
10
459
34
5,900
397
47
'25
6
* 2, 140
3,438
185
"100
« 1, 877
659
1,300
1,173
511
«239
48
123
91
29
50
499
842
4,427
287
55, 500
3,800
348
375
14
6,022
5,640
408
139
2,607
690
1,500
1,180
535
207
49
122
30
18
34
468
636
5,381
448
59, 400
3,900
328
220
17
6,862
6,973
356
179
3,206
885
1, 700
1,293
490
247
46
119
59
20
34
362
562
7,480
467
67, 500
4,100
407
205
17
6,733
7,129
416
236
3,706
891
1,700
1,425
582
276
51
132
72
21
37
391
658
(*)
494
(*)
4,500
(*)
210
21
'(*)
9,994
480
(*)
(*)
910
1,700
1,475
618
(*)
55
19.1
38.9
17.0
26.3
16.5
36.7
15.4
26.3
14.4
50.0
14.2
38.1
7.6
24.6
7.0
5.7
21.2
6.5
5.8
5.9
5.2
2.8
4.1
*2.6
1.3
1.9
28.8
1.6
1.4
1.9
5.0
1.1
.8 * -6.6
.8
10.2
.4
-3.4
.1
-2.8
8.2
-.9
13.0
-1.0
—1 4
-1.3
2.8
-1.6
9.2
14.8
10.2
16.9
-.3
22.5
-3.5
10.5
-6.4
7.5
2.4
*>2.6
2
-U.S
-1.3
-2.7
&5.6
-6.4
2.9
-12.9
-11.7
-13.3
(")•
-5.8
14.1
11.5
5.0
3.4
4.0
-11.0
8.5
2.8
12.1
3.3
14.2
9.2
5.7
2.5
4.6
2.9
7.5
2.3
2.0
25.0
6.8
4.3
-3.6
.9;
15
18
20
23
28
30
80
89
95
105
117
151
228
242
256
263
269
270
277
288
316
318
324
327
19
31
21
32
7
20
37
137
41
133
206
215
246
26
235
151
355
84
322
314
96
67
300
204
51
22
42
11
248
3
321
41
354
69
177
170
245
379
275
308
89
353
152
376
372
377
241
343
30
44
155
211
190
376
68
237
43
213
29
59
134
243
172
233
86
247
259
131
628
62
309
457
42
79
19, 115
74
357
28
94
98
10
27
4,102
70
356
24
84
104
12
20
2,544
72
377
24
92
96
10
18
1,514
75
363
25
98
83
8
12
1,716
-3.2
-3.2
-5.2
-6.6
-9.5
-9.3
-10.5
-13.2
8.5
-3.4
-6.6
-12.6
—13.1
-6.5
-8.7
-23.3
-1.8
-5.5
-6.3
-7.2
-11.3
-14.5
-8.4
-3.0
.3
.3
-2.3
.8
-3.4
-4.4
-15.0
-16.0
345
347
360
368
376
375
377
379
360
323
356
373
374
353
362
380
290
342
352
360
370
378
366
314
306
307
344
302
353
364
378
380
92
600
975
215
175
1,309
675
144
225
* 185
79
1,570
c274
1,458
3,795
390
3,056
205
1,600
690
845
3,361
16, 500
7,360
3, 650
1,600
25, 075
1,040
4,196
4,766
1,225
3,670
1, 260
4,695
. 5,708
455
760
9,014
3,335
517
555
1,024
132
3,245
400
2,346
4,672
527
4,523
393
2,575
1,045
1,170
3,313
17, 127
6,410
3,345
1,495
26, 329
715
3,364
3,475
565
825
1,599
6,600
7,130
950
1,090
8,955
5,350
645
880
1,048
167
3,440
483
2,725
5,712
690
5,142
396
3,050
1,090
1,247
4,246
18, 281
8,950
3,955
1,870
32, 776
950
4,030
4,125
750
875
1,826
6,530
8,107
1,300
1, 300
9,513
5,100
764
1,050
1,191
197
3,670
550
2,928
7,641
692
5,159
368
2,715
1,110
1,275
4,507
19, 176
9,675
4,100
1,965
30, 627
1,000
4,190
4,545
735
920
2,098
6,200
8,382
1,750
1,355
9,105
4,650
935
1,290
1,180
218
3,925
618
3,242
8,000
800
6,130
397
2,980
1,140
1,289
4,990
24, 118
9,860
4,750
2,065
30, 528
1,095
4,347
4,870
710
975
20.1
14.7
13.5
13.1
12.8
12.1
12.0
11.6
10.8
10.8
6.1
5.5
5.2
4.8
4.5
4.3
4.2
4.0
3.7
3.0
2.5
2 4
2.2
1.7
1.6
1.5
1.2
.3
2
8.0
3.5
-3.3
5.6
12.9
-1.2
19.7
.9
17.5
19.5
6.5
8.1
-.3
2.5
-1.6
3.1
16.0
-1.5
4.6
-4.0
2.6
2.5
3.6
-2.0
2.4
2.6
1.6
-1.2
13
27
33
34
37
42
43
47
57
58
100
110
120
124
133
142
147
152
160
177
197
206
217
239
245
248
257
284
286
291
344
370
6
15
10
100
62
9
109
28
331
98
243
186
82
127
120
238
372
49
194
55
202
326
328
279
337
335
295
345
319
340
368
378
63
136
317
88
28
270
6
224
10
7
80
61
252
173
282
149
12
279
100
326
167
174
133
293
178
171
204
271
262
256
306
358
40
309
104
36
11
232
50
197
63
109
45
67
121
310
229
273
262
71
97
65
91
111
222
66
151
-2.7
-7.0
10.7
5.7
8.0
30.9
12.3
.2
6^9
12.6
18.4
2.9
10.6
3.9
9.1
6.7
11.4
8.7
6.3
_ 2
3.0
1.8
2.0
8.5
7.1
9.0
7.3
6.7
3.0
8.9
5.3
7.0
4.7
3.4
49
133
77
-3.2
-7.5
51.6
43.8
49.2
7.6
13.2
49.6
7.0
27.6
-4.4
8.1
1.5
3.7
10.5
6.3
6.6
1.8
-12.1
16.3
3.2
15.0
2.9
-3.7
-4.1
.1
-5.0
-4.8
-1.2
-5.6
-3.1
-5.2
-11.0
-17.9
o 1, 270
71
10
24
86
3 909
47
2,750
1,376
164
115
2,254
946
4,300
217
28
35
104
6, 675
62
2,593
1,194
404
57
376
237
5,611
411
16
47
151
7,638
78
3, .118
1, 453
422
45
821
193
6,129
450
23
52
191
7,752
87
4,083
1, 540
222
69
968
254
7,134
388
32
66
216
9,306
104
4,619
1,752
180
78
1,369
201
11.4
10.5
7.1
6.1
5.6
5.3
4.8
3.1
1.4
.6
-2.3
-2.9
-8.7
24.6
9.2
(•)
.5.9
-2.2
9.4
15.6
-6.2
-2.6
28.3
-6.1
-1.2
-16.2
5.0
10.2
15.8
1.3
4.4
1.3
-6.2
3.8
-.1
-4.8
5 4
-21.9
-6.9
10.7
12.3
2.7
13.5
15.7
6.9
10.9
12.3
8.0
-14. 9
6.5
29.5
-3.3
51
59
85
103
109
113
125
176
255
271
337
340
373
36
89
280
135
307
86
52
350
312
27
349
299
376
95
43
14
214
111
213
350
126
244
335
341
380
356
48
41
240
24
16
105
47
39
78
377
115
3
352
2,790
1,149
319
5, 443
2, 638
710
1,080
34,300
6, 972
2,575
1. 654
6, 221
2,864
821
1,213
35, 968
5.384
2,753
1. 545
7,230
2,897
869
1,247
38,219
8, 798
2,787
1.588
8, 186
3,140
880
1, 355
39,319
6, 000
2,849
1.785
6.5
6.1
6.1
2.9
2.8
2.5
2.0
1.8
7.5
10.9
6.6
2.1
2.5
.6
3.1
5.9
4.5
4.6
7. 1
2.2
2.9
-3.9
1.3
-1.0
94
101
102
181
185
200
222
230
102
80
122
230
218
270
196
131
109
102
75
184
153
325
212
263
09
205
178
168
235
349
261
280
1965 P
Fabricated metal products— Continued
Heating stoves, domestic
__ _ _ _
Radiators and convectors, cast iron
Thous
Mil. sq. ft
Nonelectrical machinery :
Air-conditioners, room __'
___
Packaged air-conditioning equipment ._
Air-conditioning systems, incl. heat pumps,
residential and commercial.
Compressors, compressor units
Typewriters, standard, electric
Ice making machines
Lawn mowers, power
Adding machines
Dehumidifiers
_
_
Milling machines
_ __ _
_ _ _
Gasoline engines
Industrial trucks, electric
Garden tractors. _
D iesel and semi-diesel engines
_
Pumps, industrial and hydraulic
Domestic water systems
Boring machines.. _
___ __ _ __
Typewriters, standard incl. portables
Typewriters, portable
Compressors, air and gas _ _
Pick-up hay balers
Calculating machines
Combines (harvester-threshers)
Lathes
__
__
____
__ _
__
Machine tools, metal cutting type
Outboard motors
Air conditioning, commercial refrigeration equip,
condensing unit.
Power sprayers and dusters
Typewriters, standard, manual
Milking machines._ _
Tractor mold board plows
Hand and windmill pumps
Pump jacks
_
_
Corn pickers, field
Windmill towers
Thous
_ _ .- -Thous. units
Thous
Thous
Thous
Number
Thous
Thous
Thous
Thous
Thous
Number
Thous
Thous
Thous
Thous _
Number
Thous
Thous
_
Thous
Thous
Thous
Thous __. .
Thous
Thous
Thous
Thous ... _
-__
__
_ _
Thous
Thous
Thous
Thous
Thous
Thous ... _ _ _
Thous
Number
w
«
25
42
393
(*)
107
180
356
298
Electrical machinery:
Dryers, electric and gas
Thous
Coffee makers, automatic
Thous
Television sets, black and white
Thous
Blenders
Thous
Disposals, food
_ __ ___
_
Thous
_
Picture tubes
_ __ __ _ Thous
Blankets, electric
Thous
Lamps, photo
Mil
Dishwashers, motor-driven.Thous _ Floor polishers
Thous
Flourescent lamps
Mil
Mixers, food .
Thous
Welding electrodes, total __
Mil. Ibs
Lamps, bulbs, and tubes, ex. Christmas tree
Mil
Fans, all types
Thous
Lamps, miniature (incl. "L")-- _Mil
Phonographs, incl. radio and/phon. comb
Thous
Receiving tubes. _ _
_ _ _ _ _ __ _
Mil
Heating pads
Thous
Freezers, home
_
Thous
Lamp bulbs, large incandescent
__
Mil
Vacuum cleaners, floor type
Thous
Radios (incl. auto)
Thous
Irons
Thous
Toasters, automatic _
Thous
Ranges, electric, incl. built-in
Thous
Batteries (automotive/replacement only)
Thous
Water heaters, electric
Thous
Washing machines. _
Thous
Refrigerators, electric
Thous
Hot plates and buffet ranges __ _ _
Thous
Waffle and sandwich grills Thous
_ _
_
---_
!i
Q
— '.7
212
Transportation equipment:
Automatic transmissions
Hotocraft (helicopters)
_ ... _
Aircraft, civilian, airframe weight
Truck trailers, vans
Mobile homes
Passenger cars
___
Truck trailers, ex. detachables
Bicycles. _ _
Motor trucks and buses
Merchant ship construction
Railroad freight cars
Diesel-electric locomotives. .
Railroad passenger cars-
_
_
Thous
Number
Mil Ibs
Thous
Thous
Thous
Thous
The usThous
Thous. gr. tons
Thous
Number
Number
Mining:
Phosphate rock, marketed production _ _
Potash, marketable production
Sand and gravel
Copper, mine _ _ _ _ _
___
Common clay and shale
Tungsten, rrine shipments
Crude petroleum
Bauxite, shipments
Thous. IP', tons
Thous s1! tons
Mil. sh. tons
Thous. sh. tons...
Thous. sh. tons...
Thous. Ibs. cont.T
Mil. bbls
Thous. Isr. tons
8:35
24, 750
3,940
2,020
1.329
8.5
3.5
4.4
4.6
2.8
-3.0
2.0
1.6 I
SUEVEY OF CUEEENT BUSINESS
24
November 1966
Table A.—Production of Selected Products and Services, 1948, I960 and 1963-65, and Average Annual Rates of Growth for Specified
Time Periods—Continued
Product or service
Production
Average annual rates of growth
Bank by product
Unit of measure
1948
1960
1963
1964
1965 v
Thous. sh. tons
Thous. fine oz
Thous. sh. tons
Mil. sh. tons
Mil. Ig. tons
Thous. fineoz
Thous. sh. tons.-Mil. sh tons
630
37, 660
9,930
600
101
2,010
390
57
435
30, 766
9,915
416
89
1,667
247
19
529
35, 243
8,390
458
74
1, 454
253
18
575
36, 334
8,549
487
85
1,456
286
17
610
38, 554
9,016
510
87
1,684
293
15
.2
.1
-.6
-.9
-.9
-1.0
-1.7
-7.4
.9
-5.3
3.2
-.6
-2.5
-11.5
-3,2
-2.8
-.6
-1.3
-3.9
-2.2
-4.6
-6.9
7.0
4.6
-2.0
4.1
-.5
.2
3.5
-4.0
287
292
307
313
315
317
331
369
315
282
260
341
195
287
311
369
316
309
255
272
323
299
332
355
103
171
341
185
319
308
204
359
Mil. pass. -miles
Mil. ton-miles
Bil. K.W. hours—
Bil. ton-miles
Bil. cu. ft
Bil. ton-miles
Bil. ton-miles
Bil ton-miles
Mil pass -miles
Bil. ton-miles
Mil. pass. -miles
Number
Mil. pass. -miles. -_
Mil
6,000
223
337
116
5,148
120
162
1,045
73, 074
641
23, 529
366
41,053
17, 312
33, 958
778
842
285
12,771
229
220
1,314
78, 116
575
19, 896
154
21,261
7,521
42, 765
1,296
1,008
332
17, 747
250
234
1,450
86, 077
625
21, 917
155
18, 487
6,915
49, 185
1,504
1,084
350
15, 547
269
250
1, 536
93, 100
662
22, 700
150
18, 248
6,854
58, 083
1,910
1,157
371
16, 432
310
256
1,648
102,035
703
23, 294
165
17,389
6, 785
14.3
13.5
7.5
7.1
7.1
5.7
2.7
2.7
2.0
.5
-.1
-4.6
-4.9
-5.4
23.8
13.1
8.8
13.3
10.3
7.2
4.5
2.9
1.7
-1.0
3.8
-1.2
-5.3
-8.6
10.0
9.5
7.3
4.0
6.2
4.3
1.2
1.2
-.3
-.8
-5.0
-10.8
-5.9
-5.3
11.3
19.7
6.6
5.4
5.2
6.2
3.1
4.6
5.5
4.1
3.2
1.4
-3.9
-2.1
29
32
81
86
87
108
189
190
224
275
297
355
358
361
38
65
94
60
83
10S
162
201
241
291
182
297
342
361
44
46
72
122
84
114
216
217
251
258
336
369
346
340
46
8
112
146
152
125
220
169
141
189
216
289
358
342
1948-65 1948-53 1953-60 1960-65* 1948-65 1948-53 1953-60 1960-65
Mining— Continued
Zinc, mine
_ __
Silver, mine
___
Fire clay, sold or used by producers
Bituminous coal
Iron ore
Gold, mine
Lead, mine _ _ __
Anthracite-
-2.8
(x)
Services:
Air passenger transportation
A i r freight transportation
__
__
Klcctric power production, industrial and utilityMotor truck transportation
Natural gas, marketed production
Oil pipeline transportation
Inland waterways transportation
_ _ __
Intercity freight transportation, total
Intercity passenger transportation, total
Railroad revenue freight transportation
Motor bus transportation
_ _
Feature movies
_ _ _ _
_
Railroad revenue passenger transportation
Local transit passengers carried
SUPPLEMENTARY LIST 1
Frozen french fries
Potato chips
Soybean cake and meal
Linseed cake and meal
Carpets and rugs, tufted type
Nylon tire cord
Terry toweling
Terry-woven towels
Pillow cases
Sheets flat and fitted
Sheets crib size
Neomycin base
Antibotics for animal feed supplements etc
Tetracycline
Titanium dioxide
Tranquilizers
Paint varnish and lacquer (industrial)
Passenger car tires, snow-mud
Travel kits
Men's and women's zippered hand luggage
Hand luggage men's
Hand luggage, women's
School bags
Brief cases
Aluminum foil
Metal cans aluminum
Air-conditioners, automotive
Air-conditioning systems residential
Air-conditioning systems, commercial
Trucks and tractors gasoline
Vending machines for confections and foods
Heat pumps
Industrial trucks hand motorized
Presses incl forging machines
Drilling machines
Bending and forming machines
Grinding and polishing machines
Dictating machines
Tractor shovel loaders (integral units)
Duplicating machines
Autographic machines
Vending machines total
Vending machines for beverages
Vending machines excl. beverages, confections, and
foods.
TV sets color
Recorders tape
Zener diodes
Semi-conductors
Transistors
Can openers, inc. comb, can opener and knife sharpener.
Cable terminals
Hair drvers, with bonnets
Repeater equipment telephone
Telephones
Dial PBX equipment
Frypan-Skillets
Water softeners
Dial central office equipment
Knife sharpeners
Washer-dryer combinations
Camping (tent) trailers
Pick-up coach
Travel trailers
Power steering units
Power brake units
Helicopter transportation
Mil Ibs
Mil Ibs
Thous. tons
Thous tons
Mil. sq. yds
Mil. Ibs
Thous. linear yds.
Thous dozen
Thous. dozen
Thous dozen
Thous dozen
Thous Ibs
Thous Ibs
Thous Ibs
Thous. sh. tons...
Thous. Ibs
Mil gal
Thous
Thous
Thous
Thous
Thous
Thous
Thous
Mil Ibs
Thous
Thous
Thous
Number
Thous
Number
Number
Thous
Thous
Thous
Thous
Thous
Number
Thous
Thous
Thous
Thous
Thous
<U74
<*364
• 5, 551
M60
/21
•8
31, 193
19, 553
6 8, 860
10, 199
*864
615
/236
<*220
'299
<*468
h 274
J'4,697
6 1, 579
* 4, 403
1 1, 463
* 8, 680
* 2, 767
"3,828
/94
« 17, 800
Ml
Ml
* 84
' 26, 843
an
* 1, 000
i 6, 691
d 24
as
/23
i 66
*99
J 17
*115
* 108
'428
'163
'154
Thous
Thous
Thous
65
«85
™ 2, 072
&19
Thous
^300
Mil
Mil
Thous units
Thous
Repeaters thous
Thous sets
Lines, thous
Thous
Thous
Lines thous
Thous
Thous
Number
Number
Number
Thous
Thous
Th pass -miles
bl
<*733
» 3, 000
<*200
* 8, 019
<*386
6 1, 100
*265
d 4, 121
/ 245
<U04
"18,000
"29,000
d 15, 370
/25
"114
^26
19.3
1,290
788
12, 975
398
376
260
50, 814
44, 737
13, 543
13, 796
728
(*)
535
526
9,452
378
152
139
31, 193
29, 506
9,645
10, 357
702
30
1,199
287
456
1,164
319
7,123
1,547
4,403
1,463
8,680
2,767
7,893
249
17, 800
414
188
115
22, 625
153
47, 500
5,537
23
22
13
53
99
21
96
115
646
242
251
791
667
10, 609
360
263
204
33,946
38, 036
10, 439
12, 218
721
80
2,509
424
519
1,277
305
11, 305
2,467
6,313
1,802
8,873
2,212
4,456
322
43, 300
1,033
352
152
29, 207
180
76, 400
6,562
28
24
13
52
130
24
99
104
607
201
226
820
720
11, 286
381
319
236
37, 847
41, 866
11, 845
13, 214
779
92
2,607
388
559
1,387
330
13, 172
2,833
6, 895
1,987
9,317
2,476
5,013
357
81, 687
1,412
426
199
36, 171
227
76, 800
6,891
28
26
16
58
122
26
103
119
629
227
175
120
85
6,641
185
128
1,200
747
459
15, 052
440
300
3,500
1,404
486
22, 201
626
406
3,900
2,694
753
33, 020
912
606
4,300
86.3
54 7
37 8
37.6
36. 5
29 1
974
1,278
9,700
434
8,800
876
2,100
346
3,546
375
32
40, 300
50, 000
72, 170
3,526
2,011
12, 510
1, 713
5,150
444
10, 162
943
2,480
389
5,244
330
29
50, 500
65, 000
90, 370
4,244
2,316
16, 003
1,664
4,325
475
11, 544
951
2,650
420
4, 371
275
38
60, 000
74, 000
107, 580
5,270
2,856
18, 811
11.3
(
l29
9,102
778
2,455
398
4,162
565
151
(*)
(*)
40, 300
2,345
1,586
9,475
8.4
9.4
-3.9
21.4
33.0
7.1
1.4
5.9
.7
15.6
8575
(*)
365
15, 253
2,855
7,661
2,179
9,156
1,939
5,006
396
94, 138
2,061
500
243
41,746
4.5
—.4
1.5
71, 844
8,202
34
31
18
73
11.9
39.1
24.3
4.6
6.6
73.6
(«)
8
8(*)
-2.6
.9
\
32.0
21.4
7.8
4.8
4.5
2.7
16.4
13.0
11.7
8.3
1.1
-6.9
-8.7
9.7
39 5
37.8
21.6
16.2
13 0
10.4
8.6
8.2
8.1
7.1
6 7
6.6
(
p
x
Preliminary.
*Not available.
Less than .05 percent.
1. Data shown in the "1948" column are for the first year production figures are available.
h
k
"1947.. &1954.
'1949.
^ 1956.
"1952.
/1951.
* 1960.
1958.
'1950.
'1957.
1953.
'1955.
'"1959.
"1961.
Source: U.S. Department of Commerce, Office of Business Economics, based upon data obtained from private and Government sources.
6.5
1.0
19.9
13.3
10.3
8.7
7.0
8.3
10.3
5.4
5.2
1.8
.9
7
-1.6
-8.6
9.6
7.6
4.9
14.3
6.0
4 1
1.5
1.1
18.4
17.9
132.2
-13.4
24.1
35.1
26.4
21.7
17.6
12.5
14.7
1.0
__
__
__
__
__
__
__
__
__
__
__
__
__
November 1966
(Continued from page 19)
common and reflects increasing market
saturations.
SURVEY OF CUEEENT BUSINESS
the postwar period. It was not until
the current economic expansion that
the demand for many of these durable
goods items again showed vigorous
growth. In some cases, the revival is
due to new uses, for example, the use of
hydrogen as a fuel in space vehicles.
Growth rates: 1948-53 and 1960-65
Chart 10 compares the growth rates
of the 381 items in 1948-53 and 196065. As was indicated earlier, the
national growth rate was roughly the Money and Financial Markets
(Continued from page 17)
same in each of these 5-year timespans.
Of the 151 items with 1948-53 growth the first half of 1966, as compared with
rates above the 5 percent national the first half of 1965. Incomplete data
average, 94 items, or less than two- for the third quarter indicate that the
thirds, had growth rates at or above shift by individuals from cash assets to
the national average in 1960-65; 43 securities has continued.
items continued to show positive growth
Individuals have also substantially
rates but were below the national altered their investment patterns in the
average, while 14 items registered de- stock market. Individuals7 purchases
clines in production.
of mutual fund shares have declined
On the average, the 94 items that since the first quarter of this year,
showed growth above that of real GNP while—for the first time since the
in both periods experienced a decline market break in 1962—odd-lot purin their growth from 19 percent in the chases have exceeded odd-lot sales.
earlier period to 11 percent in the later Furthermore, short sales have advanced
one. No single factor explains the shift very strongly, especially during the
of 14 products from above average third quarter; this suggests stepped-up
growth to negative growth. For ex- speculative activity by individuals.
ample, for frozen fruits and frozen
Government Finance
juices, it was nothing more than unfavorable weather in recent years,
On a national income and product
which affected fruit production ad- accounts basis, Federal receipts have
versely. In other cases, as with DDT exceeded expenditures and budget surand sulfa drugs, the declines represent pluses have appeared in each quarter
the competition from newer products. of calendar year 1966. According to
The decline in domestic ship production incomplete data, the third quarter suris traceable largely to foreign compe- plus appears to have been very small,
tition, and the decrease in the output of as compared with a surplus of $3.8
certain clothing items reflects mainly a billion in the spring quarter. In large
shift in consumer tastes.
part, the virtual disappearance of the
Of the 131 items with positive surplus in the third quarter reflects a
but below-average growth from 1948 sharp rise in defense spending (more
to 1953, one-half continued to show than $4 billion, as compared with a rise
below-average growth from 1960 to of $2% billion in the second quarter)
1965. There were 48 items that shifted as well as some acceleration in transfer
to above-average growth in the more payments.
recent period while 17 shifted to the
Federal receipts this year, already
negative category.
enlarged by higher income flows and
Finally, of 99 items that declined rising effective marginal rates of taxafrom 1948 to 1953, 24 shifted to above- tion, were raised still more by increased
average growth in 1960-65; 39 moved to social security contributions, the repeal
below-average growth, and another 36 of selected excise tax cuts, and the incontinued to decrease. Among the 24 troduction of graduated withholding of
products shifting from negative to personal income taxes.
above-average growth were a wide
While budget surpluses have apvariety of consumer appliances, a few peared in the income and product acitems of producers7 durable equipment, counts, expenditure items excluded
notably diesel locomotives and freight from these accounts have been particucars, and a few chemicals, such as dyes larly strong this year, and on balance,
and hydrogen. For most of these the Federal Government has been a net
products output reached peaks early in borrower. Because debt managers
25
have encountered increasing difficulty
from the 4% percent interest ceiling on
long-term bonds, recent Federal debt
operations have been confined to 1to 5-year maturity classes. This emphasis on short-term issues has reduced
the average maturity of marketable
debt to 4 years, 11 months in fiscal
1966—a drop of 5 months.
Although net Treasury borrowing
this year has been considerably less
than was forecast in the President's
January Economic Report, federally
sponsored (but not guaranteed) credit
agencies have sharply accelerated their
debt-issuing activities. A large part of
this year's new issues have gone to
support the failing mortgage market,
but this activity has no doubt added
to pressures in financial markets, since
agency borrowing competes with private borrowing for scarce loanable
funds. For the first 8 months of this
year, new security issues by these
agencies amounted to $4.9 billion.
This compares with $1.7 billion and
$0.7 billion in new issues for comparable
periods in 1965 and 1964. In this regard, it may be noted that the President's fiscal program of September
proposed to review all Federal agency
security sales and—barring substantial
improvement in money market conditions—to cancel sales of FNMA participation certificates for the remainder
J
of 1966.
State and local finance
During the first 9 months of this
year, both revenues and expenditures
of State and local governments continued their steep, long-run advance.
Despite tight money conditions and
sharply rising interest costs, gross
proceeds from sales of new securities
were at record levels during the first
half of this year, but because of a
relatively sharp decline in July, some
slackening was apparent in the third
quarter. Through September, gross
proceeds from new issues amounted to
nearly $8.5 billion, roughly the same as
for the comparable period in 1965 and
slightly higher than the $8.1 billion in
the first 9 months of 1964. The slackening in new issues in the third quarter
of this year probably reflects in large
part some attempt by State and municipal governments to alter the timing of
their borrowing in hopes of obtaining
more favorable terms at a later date.
Table 1.—Manufacturing and Trade Merchant Wholesalers' Sales, Inventories, and Inventory/Sales Ratios—1959-65*
[Millions of dollars]
Sales
Inventories
Unadjusted
Manufacturing
and
trade
1959
January.
February
March
April
May____ _ _ _ _ _
June
July
August
September
October
November
December
Merchant
wholesalers
Seasonally adjusted
Durable
goods
Nondur- Manuable
facturing
goods
and
trade
Merchant
wholesalers
Durable
goods
Seasonally adjusted
Unadjusted
Nondur- Manuable
facturing
goods
and
trade
Mer-
chant
wholesalers
Durable
goods
Nondur- Manufacturing
able
goods
and
trade
Merchant
wholesalers
Durable
goods
Nondurable
goods
54, 019
55, 550
59, 290
60, 879
61,573
63,331
58, 550
58, 322
60, 171
62, 064
58, 807
63, 373
10, 155
9,897
11, 215
11, 518
11, 448
11, 948
11, 862
11, 424
12, 166
12, 268
11, 774
12, 218
4,061
4,085
4,794
5,034
5,088
5,443
5,226
5,053
5,294
5,249
5,029
4,993
6,094
5,812
6,421
6,484
6,360
6,505
6,636
6, 371 6, 872
7,019
6,745
7,225
57, 701
58, 714
59, 341
60, 529
61, 377
61, 333
61, 013
59, 013
58, 895
58, 789
58, 466
60, 434
10, 960
11, 077
11, 321
11, 495
11, 653
11, 692
11, 730
11, 426
11, 625
11, 383
11, 713
11, 771
4,550
4,690
4,860
4,948
5,110
5,133
5,103
4,986
4,962
4,831
5,096
5,035
6,410
6,387
6,461
6,547
6,543
6,559
6,627
6,440
6,663
6,552
6,617
6,736
86, 365
87, 465
88, 712
90, 003
90, 233
90, 574
90, 490
90, 432
90, 086
91,149
91, 836
90, 762
12, 623
12, 687
12, 842
13, 081
13, 040
13, 158
13, 225
13, 477
13, 522
13, 867
14, 092
13, 853
7,066
7,248
7, 415
7,642
7,680
7,795
7,803
7,753
7,629
7,620
7,683
7,641
5,557
5,439
5, 427
5,439
5,360
5,363
5,422
5,724
5,893
6, 247
6,409
6,212
87, 121
87, 515
87,938
89, 157
89, 692
90, 514
91, 118
91, 078
90, 646
90, 800
90, 701
91, 891
12, 642
12, 714
12, 814
13, 113
13, 164
13, 292
13, 372
13, 504
13, 458
13, 623
13,726
13, 879
7,205
7,311
7,348
7,540
7,572
7,683
7,740
7,727
7,630
7,643
7,714
7,861
5,437
5,403
5,466
5,573
5,592
5,609
5,632
5,777
5,828
5,980
6, 012
6, 018
56, 958
59, 017
61, 436
62, 590
60, 970
62, 933
57, 259
59, 969
61, 700
62, 463
60, 854
62, 801
10, 650
11, 055
12, 050
11, 628
11, 722
11, 904
10, 994
12, 103
11, 865
11,995
12, 180
11, 720
4,556
4,661
5,070
4,969
4,988
5,136
4,674
5,161
5,025
4,988
4,800
4,553
6, 094
6,394
6,980
6,659
6,734
6,768
6,320
6,942
6,840
7,007
7,380
7,167
61, 806
61, 555
61, 075
61, 660
60, 827
60, 672
60, 468
59, 927
60, 374
60, 185
59, 415
59, 626
11, 829
11, 945
11, 690
11, 899
11, 718
11, 510
11, 474
11,469
11, 487
11,528
11, 548
11, 571
5,237
5,175
4,934
5,003
4,920
4,771
4,815
4,809
4,781
4,763
4,662
4,742
6,592
6,770
6,756
6,896
6,798
6,739
6,659
6,660
6,706
6,765
6,886
6,829
91, 914
93, 859
95, 560
95, 646
95, 965
95, 561
95, 147
94, 749
95, 035
95,956
96, 786
93,533
13, 976
14, 254
14, 273
14, 202
14, 156
14, 198
14, 474
14, 184
14, 201
14, 341
14, 778
14, 085
7, 846
8,121
8,358
8,480
8,416
8,397
8,585
8,288
8,214
8,148
8,154
7,898
6,130
6,133
5,915
5,722
5,740
5,801
5,889
5,896
5,987
6,193
6,624
6,187
92, 777
93, 857
94, 639
94, 701
95, 264
95, 462
95, 793
95, 479
95, 666
95, 541
95, 657
94, 747
14, 023
14, 275
14, 240
14, 225
14,277
14, 339
14, 617
14, 205
14, 161
14, 114
14, 425
14, 120
8,018
8,209
8,283
8,356
8,289
8,263
8,490
8,242
8,216
8, 190
8,210
8,121
6,005
6,066
5,957
5, 869
5,988
6,076
6,127
5,963
5,945
5,924
6, 215
5,999
53, 647
55, 488
60, 716
59, 214
61, 231
63, 563
57, 397
62, 122
63, 263
65, 223
64, 858
66, 551
10, 550
10, 411
12, 157
11, 199
12, 204
12, 326
11, 399
12, 851
12, 163
13, 164
13,097
12, 329
4,187
4,085
4,950
4,707
5, 157
5, 351
4,834
5,464
5, 204
5,575
5,357
4,965
6,363
6,326
7,207
,6, 492
7,047
6,975
6,565
7,387
6,959
7,589
7,740
7,364
58, 665
58, 930
59, 743
59, 640
60, 317
61, 119
60, 915
61, 848
62, 115
62, 659
63, 286
63,976
11, 540
11, 618
11, 791
11, 752
11, 779
12, 028
11, 992
12, 149
12, 075
12, 355
12, 469
12, 469
4,743
4,683
4,828
4,841
4,907
5,018
5,016
5,071
5,085
5, 211
5,236
5,295
6,797
6,935
6,963
6, 911
6,872
7,010
6,976
7,078
6,990
7,144
7,233
7,174
93, 552
94, 248
94, 466
94, 517
94, 386
93,768
93, 307
93, 513
94, 056
95, 292
96, 509
94,628
14, 065
14, 157
14, 328
14, 253
14, 205
14, 162
14, 236
14, 465
14, 499
14, 612
14, 704
14, 438
7,870
7,927
8,164
8,248
8,207
8,201
8,251
8,232
8,226
8,165
8, 170
8,088
6,195
6,230
6,164
6,005
5,998
5,961
5,985
6,233
6,273
6,447
6,534
6,350
94, 420
94, 243
93,677
93, 744
93,817
93, 781
93, 978
94, 216
94, 515
94, 687
95, 327
95, 813
14, 103
14, 177
14, 292
14, 311
14, 375
14, 327
14, 377
14, 517
14, 478
14, 365
14, 395
14, 488
8,049
8,019
8,091
8,137
8,079
8,058
8,151
8,180
8,219
8,208
8,235
8, 315
6,054
6,158
6,201
6,174
6,296
6,269
6,226
6,337
6,259
6,157
6,160
6,173
June
July
August
September
October.
November..
December _-
59, 600
60, 887
66, 023
65, 928
66, 890
67, 511
62, 080
65, 947
65, 890
69, 393
68, 550
68, 430
11, 865
11, 168
12, 548
12, 260
13, 132
12, 748
12, 364
13, 342
12, 518
13,966
13, 471
12, 700
4,878
4,676
5,331
5,381
5,656
5,558
5, 333
5, 715
5,374
5,966
5,557
5,116
6, 987
6, 492
7,217
6,879
7,476
7,190
7,031
7,627
7,144
8,000
7,914
7,584
64, 530
64, 550
65, 494
65, 702
65, 651
65, 143
65, 577
65, 745
65, 836
65, 868
66, 663
66, 085
12,^596
12, 463
12, 521
12, 609
12, 608
12, 756
12,651
12, 629
12, 789
12, 726
12, 928
12, 936
5, 331
5,338
5, 349
5,421
5,341
5,327
5,370
5, 318
5,403
5,411
5,492
5,512
7,265
7,125
7,172
7,188
7,267
7,429
7,281
7,311
7,386
7, 315
7,436
7,424
95,437
96, 801
98, 145
98, 290
98, 747
98, 609
98, 231
98, 368
99, 183
100, 709
101, 399
99, 307
14, 552
14, 545
14, 689
14, 605
14, 589
14, 699
14, 689
14, 744
14, 834
15, 129
15, 160
14, 817
8,129
8,238
8,456
8,494
8,588
8,628
8, 616
8,565
8,566
8,543
8,541
8,391
6, 423
6,307
6, 233
6,111
6,001
6, 071
6, 073
6, 179
6,268
6,586
6,619
6,426
96, 307
96, 819
97, 340
97,530
98,144
98, 648
98,974
99, 151
99, 609
100,076
100, 221
100, 627
14, 579
14, 589
14, 661
14, 662
14,744
14,867
14, 813
14, 786
14, 800
14, 887
14, 884
14, 936
8,315
8,340
8,390
8, 392
8,454
8, 473
8,509
8,519
8,542
8,582
8,615
8,631
0,264
6, 249
6, 271
6,270
6,290
6,394
6,304
6,267
0, 258
0, 305
6,269
6,305
1963
January
__
February
March
April
May
June
July..-.
August
September
October
November... _
December
61, 500
63, 605
67, 576
69, 243
69,891
70, 147
67, 012
68, 672
68, 892
73, 493
70, 657
73, 616
12, 016
11, 800
12, 863
13, 289
13, 661
12, 883
13, 728
13, 893
13, 597
15, 144
13, 786
13, 918
5,100
4,896
5,429
5,797
5,941
5,774
5, 924
6,019
5,925
6,502
5,758
5,631
6,916
6,904
7,434
7,492
7,720
7,109
7,804
7, 874
7,672
8,642
8,028
8,287
66, 583
67, 491
67, 758
68, 173
68, 119
68, 696
69, 853
68, 884
68, 816
69, 725
69, 205
70, 770
12, 722
13, 151
13, 140
13, 303
13, 105
13, 237
13, 578
13, 567
13, 655
13, 737
13, 474
13, 797
5,537
5,576
5,580
5,677
5,611
5,693
5,754
5,774
5,865
5,877
5,815
5,912
7,185
7,575
7,560
7,626
7,494
7,544
7,824
7,793
7,790
7,860
7,659
7,885
99, 863
101, 081
102, 197
102, 425
102, 722
102, 579
102, 216
102, 220
103, 003
104, 914
106, 327
104, 197
14, 839
14,868
15, 024
14, 998
15, 063
15,204
15, 298
15, 515
15, 766
16, 192
16, 276
15, 959
8,419
8,522
8,738
8,757
8,941
9,041
8,960
8,975
9, 049
9,042
9,010
8,874
0,420
6,346
6,286
6, 241
0, 122
6,163
6, 338
6, 540
0, 717
7,150
7,266
7,085
100, 827
101, 105
101, 371
101, 620
101, 975
102, 432
102, 923
103, 104
103, 554
104, 146
104, 987
105, 578
14,884
14, 946
15, 014
15, 032
15, 132
15, 269
15, 391
15, 572
15,715
15, 903
15, 953
16,048
8,606
8,631
8,676
8,664
8,800
8, 864
8,850
8,939
9, 002
9,066
9,080
9,119
0, 278
fi, 315
(), 338
0, 368
6,332
(>, 405
6,541
6, 633
0, 713
6,837
6, 873
6,929
1964
January
._
February
March
April
May
June
July
August
September ...
October
November
December _ _ _
66, 565
68, 407
71, 548
73, 517
74, 225
75, 537
71, 721
72, 224
75, 331
76, 791
74, 556
81, 089
13, 301
12, 831
13, 977
14, 240
14, 252
14,673
14,802
14, 445
15, 144
15, 789
15, 136
15, 739
5,529
5,432
6, 046
6, 306
6,297
6, 665
6, 551
6, 422
6, 685
6,857
6, 401
6,531
7,772
7,399
7,931
7,934
7,955
8,008
8,251
8, 023
8,459
8,932
8,735
9, 208
71,827
71, 714
71, 575
72, 686
73,322
73, 019
74, 386
73, 973
74, 239
73,043
74, 143
77, 106
14, 127
14, 071
14,048
14,077
14, 435
14, 431
14, 561
14, 578
14, 594
14, 803
14, 939
15, 022
6, Oil
6,078
6,109
6, 088
6, 288
6, 299
6, 341
6, 386
6, 345
6, 423
6, 535
6,570
8, 116
7,993
7,939
7,989
8,147
8, 132
8,220
8,192
8,249
8,380
8,404
8,452
105, 074
106, 228
107, 460
108, 098
108, 202
107, 957
107, 229
107, 023
108,202
109, 541
111, 125
109, 679
16,204
16, 125
16, 214
16, 229
16, 342
16, 399
16, 342
16, 407
16, 745
17, 037
17,207
16, 856
9,004
9,085
9,202
9,286
9,477
9 624
9,498
9,428
9,614
9,623
9,630
9,557
7,200
7,040
7,012
6, 943
6,865
6, 775
6,844
6, 979
7,131
7,414
7,577
7, 299
105, 926
106, 218
106, 529
107, 129
107, 500
107, 743
107, 825
108, 120
108, 971
108, 997
109, 812
111, 051
16, 193
16, 191
16, 207
16, 286
16,470
16,516
16, 470
16, 493
16, 689
16, 734
16, 876
16, 977
9,204
9,210
9,152
9,206
9,327
9,429
9,383
9,403
9,553
9,645
9,704
9,809
6, 989
6, 981
7, 055
7,080
7,143
7,087
7,087
7,090
7, 136
7,089
7,172
7,168
70, 380
72, 249
79, 193
80, 334
79, lOf
81,784
77, 426
78, 251
80, 154
83, 664
83, 624
88, 269
13, 415
13, 261
16,047
15, 527
15, 212
16, 045
15, 453
15, 819
16, 224
16,412
16, 824
16, 902
5, 822
5,878
6, 991
6, 988
6, 862
7,313
6,910
7,119
7,259
7,226
7,204
7,119
7,593
7,383
9,05C
8,539
8, 350
8,732
8,543
8,700
8,965
9,186
9,620
9,783
76, 867
76, 744
78 734
78, 330
78, 643
78, 805
80, 776
79, 685
79, 610
80, 519
82, 214
83, 591
15, 040
14, 789
15, 593
15, 437
15, 512
15, 540
15, 65f
15, 582
•15, 684
15, 777
16, 164
16, 153
6, 681
6, 669
6 814
C,794
6, 902
6, 789
6, 899
6, 906
6, 991
6,946
7,148
7,172
8, 365
8,120
8,779
8, 643
8, 610
8, 751
8,757
8,676
8,773
8,831
9,016
8,981
105, 074
106, 228
107, 460
108, 098
108, 202
107, 957
107, 229
107, 023
108, 202
109, 541
111, 125
109, 679
17, 275
17, 281
17, 562
17, 605
17, 747
17, 756
17, 778
17, 831
18, 109
18, 443
18, 522
18, 121
9,790
9,901
10, 187
10, 187
10, 404
10, 461
10, 447
10,367
10, 489
10, 42f
10,439
10, 297
7,485
7, 380
7,375
7,418
7,343
7, 295
7 331
7,464
7,620
8,017
8,083
7,824
112, 099
112,419
113*661
114, 392
115, 091
115, 742
116, 697
117, 712
117, 907
118, 432
119, 279
120, 896
17, 273
17, 368
17, 574
17, 671
17, 882
17, 873
17, 907
17, 933
18, 055
18,123
18, 171
18,274
10, 001
10, 036
10, 136
10, 113
10, 241
10, 246
10, 324
10, 343
10,427
10, 456
10, 517
10, 575
7, 272
7,332
7,438
7, 558
7,641
7,627
7,583
7,590
7,628
7,667
7, 654
7, 699
1960
January
February
MarchApril
May
June
July
August
_- _
September.. .__ _
October
November
December
1961
January
February
March
April
May
June
July
August
September
October
November
December
_ _
1962
January
February
March
April
May
1965
January
February
March
April . .
May
June
July
August __
September
October
November
December _ .
__
_
* Revised data for manufacturing and trade totals for 1965 include revisions in retail inventory data from table 2.
NOTE.—Data for 1966 are shown on pages S-ll and S-12 of this SURVEY.
26
SURVEY OF CURRENT BUSINESS
November 1966
(Table 1.—Continued)
27
Table 2.—Retail Inventories and Retail Inventory/Sales Ratios by Kinds of Business—1965
[Millions of dollars]
Inventory/Sales ratios*
Inventories—unadjusted
Manufacturing
and
trade
1959
January
February
March
April...
Merchant
wholesalers
Durable
goods
Nondurable
goods
Tune
..
July
.
August
September.. . ..
OctoberNovember. . .
December
1.51
1.49
1.48
1.47
1.46
1.48
1.49
1.54
1.54
1.54
1.55
1.52
1.15
1.15
1.13
1.14
1.13
1.14
1.14
1.18
1.16
1.20
1.17
1.18
1.58
1.56
1.51
1.52
1.48
1.50
1.52
1.55
1.54
1.58
1.51
1.56
.85
.85
.85
.85
.85
.86
.85
.90
.87
.91
.91
.89
1960
January
February.
March
April
.
May
June
July
August
September
October
November
December
1.50
1.52
1.55
1.54
1.57
1.57
1.58
1.59
1.58
1.59
1.61
1.59
1.19
1,20
1,22
1,20
1,22
1,25
1,27
1.24
1, 23
1.22
1.25
1,22
1.53
1.59
1.68
1.67
1.68
1.73
1.76
1.71
1.72
1.72
1.76
1.71
.91
.90
.88
.85
.88
.90
.92
.90
.89
.88
.90
.88
1961
January
February _ _
March.
April
May ._ .
June
July
August
September
October
November
December
1.61
1.60
1.57
1.57
1.56
1.53
1.54
1.52
1.52
1.51
1.51
1.50
1.22
L22
1.21
L22
1.22
1.19
1.20
1.19
1.20
1.16
1.15
1.16
1.70
1.71
1.68
1.68
1.65
1.61
1.63
1.61
1.62
1.58
1.57
1.57
.89
.89
.89
.89
.92
.89
.89
.90
.90
.86
.85
.86
_
. .
May
._
.
1962
January
February. March
April
May
1.49
1.50
1.49
1.48
1.49
1.51
1.51
1.51
1.51
1.52
1.50
1.52
1.16
1.17
1.17
1.16
1.17
1.17
1.17
1.17
1.16
1.17
1.15
1.15
1.56
1.56
1.57
1.55
1.58
1.59
1.58
1.60
1.58
1.59
1.57
1.57
.86
.88
.87
.87
.87'
.86
.87
.86
.85
.86
.84
.85
1963
January
February.
March
April
May..
June.
July
August
SeptemberOctober
November
December _
1.51
1.50
1.50
1.49
1.50
1.49
1.47
1.50
1.50
1.49
1.52
1.49
1.17
1.14
1.14
1.13
1.15
1.15
1. 13
1.15
1.15
1.16
1.18
1.16
1.55
1.55
1.55
1.53
1.57
1.56
1.54
1.55
1.53
1.54
1.56
1.54
.87
.83
.84
.84
.84
.85
.84
.85
.86
.87
.90
.88
1964
January
February.
_.
March
April
May
June
July
August
September.
October
November
December. _ _
1.47
1.48
1.49
1.47
1.47
1.48
1.45
1.46
1.47
1.49
1.48
1.44
1.15
1.15
1.15
1.16
1.14
1.14
1.13
1.13
1.14
1.13
1.13
1.13
1.53
1.52
1.50
1.51
1.48
1.50
1.48
1.47
1.51
1.50
1.48
1.49
.86
.87
.89
.89
.88
.87
.86
.87
.87
.85
.85
.85
1965
January
February.
March.
April
May.. _
June
July
August
September
October.
November
December
1.46
1.46
1.44
1.46
1.46
1.47
1.44
1.48
1.48
1.47
1.45
1.45
1.15
1.17
1.13
1.14
1.15
1.15
1.14
1.15
1.15
1.15
1.12
1.13
1.50
1.50
1.49
1.49
1.48
1.51
1.50
1.50
1.51
1.51
1.47
1.47
.87
.90
.85
.87
.89
,87
.87
.87
.87
.87
.85
.86
June
July..
August
September
October
November
December
__
* Ratio of inventories at end of month to sales for month,
based on seasonally adjusted data.
NOTE.—Data for 1966 are shown on pages S-ll and S-12
of this SURVEY.
Retail
trade
total
1965
January
February
March
April
May
June
July..
August
September
October
November
December
...
30, 529
31, 386
33, 048
33, 561
33, 498
33, 354
33, 246
33, 098
32, 926
34, 151
35, 260
33, 435
Durable
good
stores
total
13, 438
13, 957
14, 765
15, 082
15, 224
15, 154
15, 096
14, 520
13, 851
14, 270
14, 812
14, 737
Automotive
group
6,049
6, 422
6,950
7,111
7,288
7,248
7,231
6,536
5,856
6, 245
6,663
7,070
Furniture
and
appliance
group
2,232
2,282
2,366
2,442
2,421
2,422
2,384
2,448
2,484
2,484
2,574
2,390
Lumber,
Nonbuilding durable
materials, goods
hardware
total
group
Apparel
group
17, 091
17, 429
18, 283
18, 479
18,274
18, 200
18, 150
18, 578
19, 075
19, 881
20, 448
18, 698
3,328
3,483
3,804
3,824
3,765
3,698
3,716
4, 019
4,242
4,325
4,389
3,811
3,774
3,772
3,817
3,859
3,800
3,799
3, 757
3,730
3, 714
3,885
3,975
4,066
5,327
5,534
5,883
5,940
5,868
5,851
5,885
6,059
6,347
6,791
6,967
5,882
3,082
3,206
3, 435
3,483
3,441
3,405
3,431
3,552
3,733
4,067
4,224
3,519
3,637
3,613
3,770
3,797
3,822
3, 876
3,912
3,964
3,979
3,957
3,994
4,033
3,835
3,802
3,787
3,813
3,777
3,803
3,810
3,814
3,729
3,813
3,874
4,086
5,847
5,845
5,902
5,919
5,940
6,060
6,071
6,083
6,071
6,100
6,130
6,340
3,40
3,43
3,44
3,46
3,47
3,56
3,58
3,58
3,56
3,59
3,64
3,77
2,496
2,516
2,618
2,597
2,594
2,570
2,523
2,493
2,498
2, 492
2,487
2,386
Food
group
General
merchan- Department
dise
stores
group
total
Inventories—seasonally adjusted
1965
January
February
March
April
-.._
31, 613
31, 669
32, 379
32, 722
.
32, 940
33, 244
33, 396
33, 991
33, 585
33, 667
33, 916
34, 607
May
JuneJuly......
August
September
October __
November
December.
13, 566
13, 698
14, 174
14, 404
14, 584
14, 668
14, 772
15, 297
14, 971
14, 927
14, 979
15, 194
5,896
5,957
6,364
6,506
6,717
6, 812
6,893
7,385
7,038
7,056
7,149
7,244
2, 320
2,362
2,380
2,408
2,407
2,427
2,413
2,448
2,445
2,400
2,456
2, 449
2,581
2,560
2,559
2,519
2,518
2,515
2,508
2,495
2,511
2,525
2,520
2,467
18,047
17, 971
18, 205
18, 318
18, 356
18, 576
18, 624
18, 694
18, 614
18, 740
18, 937
19, 413
Inventory/sales ratios*
1965
January
February
March
April
May
June
July
August
September
October
November
December
1.38
1 36
1.42
1. 43
1.41
1 43
1.41
1.44
1 41
1 39
1.38
1.39
.75
73
.87
.93
.91
.91
.89
.97
93
1.90
1.85
1.84
Revised Estimates
Manufacturing and Trade
Sales and Inventories,
1959-66
1.19
17
.19
.19
.17
19
.18
.18
16
15
.14
.17
since 1963. The previously published series
was based on a sample drawn from the 1958
Census of Business. Overlapping figures obtained from the two samples for the JanuaryMay 1965 period showed significant differences. These differences are due in part to
sampling error and in part to changes in
THE above tables present revised monthly kind-of-business classification.
This Office in cooperation with the Bureau
estimates of merchant wholesalers' sales and
inventories for the 1959-65 period and retail of the Census has applied ratios calculated from
inventories for 1965; in all cases, seasonal the overlapping data for each line of trade to
adjustment factors have been updated. Total the previous estimates for 1959 through 1965
manufacturing and trade sales and inventories in order to make them comparable to the 1966
and the associated stock-sales ratios have figures. No adjustment was needed for the
been adjusted to reflect the newly revised period prior to 1959.
figures.
The ratios were applied in full measure for
The new retail inventory figures are bench- the period December 1963 to December 1965,
marked to the 1965 information in the Annual and then in decreasing proportions going
Retail Trade Report, recently released by the backward from November 1963 through
Bureau of the Census. The extrapolation by January 1959. Fifty-nine sixtieths of the
months for 1966 is shown on pages S-ll and overlap ratios were applied in November 1963,
S-12 of this issue. The effect of this revision fifty-eight sixtieths in October 1963, and so
has been to raise the yearend 1965 inventory on, until January 1959, when one-sixtieth was
from the previously estimated $32,903 million reached. This procedure is based on an
assumption that the differences between 1958
to $33,435 million.
Since January 1966, the figures for merchant and 1963 occurred gradually over the period.
Additional information about the wholesale
wholesalers' sales and inventories have been
based on reports from a sample drawn from sample is available in the current "Monthly
the 1963 Census of Business list of merchant Wholesale Trade Report" published by the
wholesalers, supplemented by Social Security Bureau of the Census. Data for selected
Administration records of business births lines of trade are available upon request.
SURVEY OF CUEEENT BUSINESS
28
November 1966
Commercial Bank Credit, Seasonally Adjusted, 1948-6511 Revised Data for Page S-17
[Billions of dollars]
End of
year
Total loans and investments:2
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960...
1961
1962
1963
1964
1965...
Loans:2
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
-
_-
U.S. Government securities:
1948
1949
1950
1951
1952
1953
1954...._
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965..
Other securities:
1948
1949
1950
.
1951
1952...
1953
1954
1955
1956
1957
1958
1959
I960.
1961
1962
1963
1964
1965
.
,
February
March
June
July
August
September
October November
December
115.4
113.2
120.4
124.8
131. 8
139.7
144.4
154.6
158.2
162.2
168.3
183.2
185.6
198. 0
212.6
231.6
248.4
272.1
115.1
113.8
121.1
125.7
132.3
139.6
144.8
154.7
159.6
162.5
170.8
182.2
186.2
198.0
214.1
232.3
249.9
275.8
115.4
113.5
121.4
126.3
133.4
139.5
145.1
155.5
159.2
163.8
174.0
183.8
186.6
197.8
215.4
233.3
251.6
277. 0
115.4
114.2
122.1
126.0
134.0
138.7
146.1
155.6
159.2
164.6
174.7
184.8
187.0
200.3
217.0
235.5
253.6
279.4
114.7
114.6
122.4
126.5
135.0
138.5
146.9
155.6
159.7
164.6
178.6
184.6
187.1
201.3
218.3
237.2
255.3
281.7
115. 0
115.0
122.6
126.2
137.0
143.5
147.3
156.6
159.1
164.7
178.6
185.7
188.6
202.8
218.9
239.5
256. 0
283. 2
114.5
117.3
122.9
126.7
136.2
142.8
149.2
155.9
160.2
164.9
178.6
186.5
189.8
204.3
221.0
239. 5
258.7
286.1
113.2
118.2
123.1
128.1
136.4
142.6
150.1
156.4
160.7
165.1
177.9
185.9
191.0
207.1
222. 6
241.5
261. 7
286.2
113.1
118.5
123.4
128.9
137.9
142.2
152.2
157.0
160.5
165.7
179.2
185.8
192. 8
207.3
224.5
242.1
262.1
289.9
113.0
118.4
123.9
129.6
139.3
142.9
153.0
156.6
161. 4
164.9
181.7
185.5
193.3
208.4
226.1
244.2
265.5
291.5
113.0
118.7
124.7
130.2
139.1
143.1
153.1
157.6
161.6
166.4
181.2
185.9
194.5
209.6
33 227.9
246.2
267.2
294.4
41.5
42.0
51.1
56.5
62.8
66.2
69.1
80.6
88.1
91.5
95.6
107.5
113.8
120.5
3134. i
3149.7
167.4
192.0
37.7
42.0
42.4
52.1
56.6
63.3
66.0
70.0
81.4
88.5
91.4
96.9
108.4
113.9
120.8
134.8
151.0
170.2
38.2
41.6
42.8
53.0
57.1
63.7
66.4
70.8
82.1
88.9
91.6
97.1
109.3
115.5
122.2
136.4
152.4
172.8
38.5
41.9
43.3
53.7
57.3
64.3
66.7
71.2
83.4
89.5
92.0
98.2
110.0
115.2
123.4
137.2
153.6
175.4
39.0
41.4
43.8
54.1
58.1
64.9
66.5
72.1
84.2
90.1
92.1
99.6
110.7
115.1
124.6
137.6
155.4
177.1
39.8
41.1
44.4
54.6
58.5
65.0
66.6
73.2
85.1
90.3
91.8
100.9
111.3
116.1
125.2
139.3
157.1
179.4
40.1
41.3
45.1
55.0
59.3
64.9
67.0
74.3
85.4
91.1
92.7
101.7
111.5
115.8
126.2
141.0
158.7
181.4
40.6
41.0
46.4
54.9
59.9
65.6
66.8
75.5
85.9
91.0
92.2
103.9
111.9
116.4
126.5
142.8
159.9
182.9
40.7
41.3
47.4
55.2
60.3
66.0
66.4
76.7
86.6
91.5
92.1
105.5
112.7
116.8
128.4
143.6
161.2
185.2
41.1
41.2
48.5
55.5
60.6
66.0
66.9
77.4
87.0
91.8
92.3
105.9
113.1
117.7
130.1
145.4
163.0
186.2
41.3
41.5
49.5
55.9
61.6
66.3
67.1
78.5
87.7
91.7
93.5
106.6
113.1
118. 6
131.6
146.7
163.8
188.6
41.4
41.8
50.3
55.8
62.3
65.9
68.2
79.6
87.8
91.4
94.6
107.2
113.3
119.4
132. 2
148.4
165.5
189.8
41. 5
42.0
51.1
56.5
62.8
66.2
69.1
80.6
88.1
91.5
95.6
107.5
113.8
120.5
3 134.1
3 149.7
167.4
192.0
62.3
66.4
61.1
60.4
62.2
62.2
67.6
60.3
57.2
56.9
65.1
57.9
59.8
65.2
^64.5
361.5
61.1
57.7
68.4
62.2
67.1
59.2
61.1
61.7
63.0
67.7
59.9
56.8
56.8
66.6
56.9
60.7
66.2
65.0
60.8
60.0
68.0
62.3
67.1
59.2
61.2
61.8
63.0
66.9
59.4
56.9
58.3
65.6
56.1
61.1
65.8
64.9
60.7
59.4
67.4
62.7
67.0
59.5
61.4
61.0
63.1
66.6
59.7
56.6
59.9
63.6
56.2
61.2
65.3
64.4
60.7
59.9
67.2
62.8
66.6
59.6
61.7
60.2
63.4
66.5
58.4
57.2
62.7
63.5
56.0
61.0
64.9
64.4
60.5
58.7
66.4
63.6
66.6
58.9
61.7
59.4
64.2
65.6
57.7
57.5
63.6
63.2
55.9
62.3
65.6
64.3
60.5
58.7
65.4
63.7
66.1
58.8
61.7
59.4
64.5
64.5
57.8
56.8
65.9
62.3
55.7
63.4
65.2
63.9
60.3
58.2
65.2
64.3
61.9
58.7
63.1
63.6
64.9
64.3
56.9
56.9
66.4
61.1
56.7
64.6
65.0
63.8
59.7
57.9
64.5
66.1
63.9
58.9
61.7
62.4
67.1
62.4
57.1
56.5
66.4
60.4
57.1
65.0
64.9
62.4
60.7
57.7
62.8
67.0
62.8
59.8
61.6
62.2
67.3
62.2
57.2
56.4
65.2
59.4
57.9
66.3
64.5
62.2
61.2
56.5
62.6
66.9
61.8
60.1
62.1
61,4
69.0
61.7
56.6
56.4
65.2
58.6
59.4
65.5
64.4
61.2
60.5
57.4
62.4
66.4
61.3
60.8
62.8
62.4
68.6
60.3
57.3
55.9
66.7
57.8
59.5
65.5
64.8
61.4
61.5
57.5
62.3
66.4
61.1
60.4
62.2
62.2
67.6
60.3
57.2
56.9
65.1
57.9
59.8
65.2
3 64. 5
361.5
61.1
57.7
9.2
10.3
9.1
9.1
10.4
12.5
13.4
14.3
14.8
16.8
16.7
16.3
18.1
20.6
20.4
21.1
24.3
29.8
34.9
39.5
9.1
9.3
10.6
12.5
13.5
14.2
15.0
16.9
16.7
16.4
18.3
20.6
20.2
21.4
24.7
30.2
35.3
40.0
9.2
9.2
10.8
12.5
13.5
14.3
15.0
16.9
16.6
16.4
18.8
20. 5
20.1
21.6
25.3
30.7
35.6
40.5
9.2
9.2
11.0
12.6
13.7
14.3
15.2
16.9
16.5
16.5
19.1
20.7
19.9
21.6
25.9
31.2
35.6
41.2
9.2
9.4
11.1
12.6
13.9
14.4
15.3
16.7
16.4
16.8
19.4
20.7
19.8
21.9
26.2
31.9
35.9
41.3
9.2
9.6
11.2
12.7
14.0
14.2
15.5
16.8
16.5
16.8
19.9
20.6
19.8
22.0
26.9
32.3
36.2
42.1
9.2
9.7
11.3
12.7
14.1
14.3
15.7
16.8
16.3
16.8
19.9
20.7
20.0
22.2
27.4
32.8
36.4
42.4
9.2
9.9
11.6
12.6
14.2
14.4
15.7
16.8
16.4
16.9
20.2
20.6
20.0
22.5
27.7
33.5
36.9
43.1
9.2
10.0
11.9
12. 7
14.2
14.4
15.9
16.7
16.5
16.9
20.4
20.6
20.0
23.1
28.0
33.8
37.4
43.4
9.2
10.1
12.1
12.9
14.2
14.5
16.1
16.8
16.3
17.6
20.5
20.6
20.4
23.1
28.5
34.3
37.8
43.9
9.2
10.2
12.2
13.1
14.2
14.6
16.2
16.7
16.3
17.6
20.5
20.5
20.5
23.6
29.1
34.4
38.5
44.2
9.2
10.3
12.4
13.4
14.2
14.7
16.4
16.8
16.3
17.9
20. 5
20.5
20.8
23.9
3 29.2
335.0
38.7
44.8
12.4
13.4
14.2
14.7
16.4
16.8
16.3
17.9
20.5
20.5
20.8
23.9
3 29.2
335.0
38.7
44.8
1
Data are for last Wednesday of the month and are partly estimated (except for June 30
and
Dec. 31 call dates).
2
Adjusted to exclude interbank loans.
May
April
115.2
113.3
120.0
123.8
131.1
139.3
143.8
154.5
158.0
161.6
166.3
184. 0
185.8
195.8
211.4
229.6
246.7
113. 0
118.7
124. 7
130.2
139.1
143.1
153.1
157.6
161.6
166.4
181.2
185.9
194.5
209.6
3227.9
3246.2
267.2
294.4
_—
January
3
Data are estimates for Dec. 31.
Source: Board of Governors of the Federal Reserve System.
U. S. GOVERNMENT PRINTING OFFICE : 1966 O - 235-601
CURRENT BUSINESS STATISTICS
J.HE STATISTICS here update series published in the 1965 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.00) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1961 through 1964 (1954-64 for major quarterly series), annually, 1939-64; for selected series,
monthly or quarterly, 1947-64 (where available). Series added or significantly revised after the 1965 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (f), respectively; certain revisions for 1964 issued too late for inclusion in the 1965 volume appear in the monthly
SURVEY beginning with the September 1965 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding
to revised annual data are available upon request.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided through
the courtesy of the compilers, and are subject to their copyrights.
1963
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
III
Annual total
1965
1964
1963
IV
1966
III | IV
| III
IV
I
II
Seasonally adjusted quarterly totals at annual rates
I
II
I
III
| II
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND FRODUCTf
r
590.5
631 7
681.2
594.7
605.8
616.8
627.7
637 9
644.2
660.8
672. 9
686.5
704.4
721.2
732. 3
375.0
401.4
431.5
378.3
381.5
391.1
398.0
407.5
408.8
418.9
426.8
435.0
445.2
455.6
460. 1 ' 469. 9
24.3
22.2
53 9
59 4
25.8
25.1
66.1
29.8
27.1
54.5
24.4
22.5
55 6
24.9
23.1
57 6
25.3
24.1
59.8
26.0
25.4
61.1
27.1
25.3
58.9
24.6
25.7
65 1
30.1
26.0
64.4
29.2
26.2
66.7
30.2
27.3
68.0
29.9
28.8
70.3
31.4
29.6
168 6
30.6
88.2
13 5
178 9
33.6
92.8
14 1
190 6
35.9
98.4
15 1
169.9
31.4
88.3
13 5
169 6
30.7
88.6
13 7
174.9
32.8
90.7
13 9
176.5
32.7
92.1
13 9
181.7
34.3
93.9
14 2
182.4
34.4
94.4
14 4
184.5
34.6
95.4
14 4
189. 4
35.6
97.8
15 2
191. 4
36.0
98.7
15 3
197.0
37.5
101.6
15.7
201.9
39.4
103.3
15 8
205. 6 ' 208. 1
39.7 '41.1
104.8 ' 105. 5
16 1 '16.1
152.4
23 1
55 4
11 4
163.1
24 3
59 f
11 8
174.8
25 6
63 2
12 8
153.9
23 5
55 8
11 5
156.3
23 3
56 8
11 6
158.7
23 8
57 7
11 7
161.6
24 2
58 7
11 7
164.7
24 7
59 6
11.9
167.5
24 7
60 7
12 1
169.3
24 7
61 6
12 2
173.0
25 4
62 7
12.7
176.9
26 0
63 6
13.0
180.2
26 3
64.7
13.4
183.4
26 5
66 0
13 5
187.4 ' 191. 5
27 1 '27.6
68.2
67.1
14.2
13.9
do
87.1
93.0
106.6
88.0
92.9
90.2
91.8
92.5
97.4
103.8
103.7
106.7
111.9
114. 5
118.5 ' 115. 0
do
do
do
. do
do
do
do
do
81.3
54 3
19 5
34 8
27.0
26 4
5.9
51
88 3
60 7
21 0
39 7
27 6
27 o
4.7
53
97 5
69 7
24 9
44 8
27 8
27 2
9.1
81
82.0
55 0
19 4
35 5
27 1
26 5
6.0
53
84 7
56 8
19 9
36 8
28 0
27 4
8.1
70
86 6
58 1
20 3
37 9
28 5
27 9
3.5
36
87 6
59 7
20 9
38 8
27 9
27 3
4.2
51
88.9
61 7
21 0
40 7
27 2
26 6
3.' 6
46
90.0
63 3
21 8
41 4
26 7
26 2
7.4
79
94 4
66 7
23 6
43 1
27 7
27 2
9.5
9 4
96 0
67 9
24 6
43 3
28 1
27 5
7.6
67
98.0
70 2
24 4
45 8
27 8
27 3
8.7
7 2
101.5
73 9
26 8
47.1
27.6
27 o
10.4
90
105.6
77 0
28 5
48 5
28 6
28 0
8.9
85
106.2 ' 105. 1
78.2 '80.3
27.9 '27.7
50.3 '52.6
28.0 '24.8
27.4 '24.3
'9.9
12.3
12.1 '10.4
__do
do
do
5.9
32 3
26 4
8.5
37 0
28 5
7.0
39 0
32 0
5.6
32 5
26 9
7.1
34 3
27 1
9.0
36 4
27 4
7.9
36 0
28 1
8.4
37 2
28 8
8.6
38 1
29 6
6.4
35 1
28 7
8. 9Zi
40 5
32 3
7.1
40 1
33 0
6.1
40 3
34 2
6.0
41 7
35 6
Govt. purchases of goods and services, total.. do
122.5
Federal.
.
do_ . 64 2
National defense
do
50 8
State and local _
_ _ do
58 2
128.9
65 2
50 0
63 7
136.2
66 8
50 1
69 4
122.9
64 2
51 0
58 7
124.3
64 4
50 3
59 8
126.5
64 9
50 1
61 6
130.1
66 6
51 6
63 4
129.5
65 1
49 8
64 4
129.4
64 1
48 5
65 3
131.6
64 4
48 2
67 3
134.3
65 6
49 1
68 7
137. 7
67 5
50 7
70 2
141.2
69.8
52 5
71 4
145.0
71.9
54 6
73 1
149. 0 ' 155. 5
78.3
74.0
61.3
57.1
75.0 '77.2
By major type of product:!
Final sales, total
__
Goods, total __
Durable goods
Nondurable goods
Services
Structures _
720. 0 ' 734. 6
359.3 369.0
148.0
140.6
221.0
218.7
282.1 289.9
75.8
78.6
Gross national product, totalf
foil.
$
Personal consumption expenditures, total
do
Durable goods, total ?
Automobiles and parts _ _ _ __ _
Furniture and household equipment
Nondurable goods, total 9
Clothing and shoes
.
Food and beverages
Gasoline and oil
do
do
do _
do
__ do
do
do
Services, total 9
Household operation
Housing
Transportation
_ . _ _ . . _ _ _ _
Gross private domestic investment, total
Fixed investment
.
Nonresidential
Structures
Producers' durable equipment
Residential structures—
Nonfarm
Change in business inventories—.
Nonfarm
..
Net exports of goods and services.
Exports
Imports _ _ _
_
do __
do
do
do
__
do
do
do
„ do _
do
do _
584 6
292 7
113 3
179 4
226 2
65 7
627 0
313 6
122 2
191 3
244 5
68 9
672 1
335 7
132 2
203 5
262 0
74 5
588 8
294 7
114 7
180 1
228 1
65 9
597 7
298 1
117 3
180 8
232 2
67 4
613 3
307 1
119 6
187 5
237 3
68 8
623 5
311 4
122 4
189 0
242 7
69 4
634 4
318 8
125 0
193 8
247 1
68 5
636 8
316 9
122 0
195 0
251 1
68 8
651 4
324 3
127 7
196 6
254 3
72~7
665 3
331 2
128 8
202 4
259 8
74 3
677 8
338 8
134 3
204 4
265 1
73 9
694 0
348 4
137 9
210.5
268 8
76.9
712 3
357 0
141 8
215.2
275 5
79.8
__ _ _ do
do
do _
59
28
31
47
33
14
91
6.0
23
37
81
38
44
35
23
12
42
36
5
36
28
g
7 4
44
29
95
74
21
76
6 4
12
8.7
6 7
2.1
10.4
47
5.7
8.9
5.8
3.1
_._
Change in business inventories
Durable goods
Nondurable goods.. _ . _
27
67.1
28.5
29.2
4.7
41.9
37.3
12.3
9.0
3.3
744. 6
'70.2
'30.1
'30.7
'4.2
'43.4
'39.2
'9.9
9.5
.5
GNP in constant (1958) dollars
Gross national product, totalf
Durable goods
Nondurable goods
Services
_
551. 0
580.0
614.4
554.7
562.1
569.7
578.1
585.0
587.2
600.3
607.8
618.2
631.2
640.5
643. 5 ' 649. 3
do
353.3
373 8
396 2
356.1
357 7
365 7
371 0
379. 5
378 9
387 1
392 2
398.9
406.5
412.8
412.2
418.3
do
do
do .
53 7
162 2
137.4
59 1
170 5
144.2
66 4
178 2
151.6
54 4
163.3
138. 4
55 3
162 4
140 0
57 2
167 2
141 2
59 5
168 4
143 1
60 9
173 3
145 3
58 8
173 1
146 9
64 8
174 2
148.1
64 2
177 6
150.4
67 2
178.5
153.1
69.2
182.5
154.8
72.2
184.1
156.5
68.5
185.8
157. 9
71.6
187.1
159.6
foil.
$__
Personal consumption expenditures, total
_ _ _
_
_
82 5
86 5
97.8
83.1
87 7
84 6
85 6
85 7
90 2
95 9
95 3
97.9
102.2
103.5
106. 3
102. 5
do
do
..do
do _
76 7
51 9
24.8
5.8
81 9
57 4
24 6
4.6
890
64 9
24.1
8.8
77 2
52.5
24.7
5.9
79 7
54 3
25.4
81
81
55
25
3
2
5
7
5
81 6
56 6
24 9
40
82 2
58 2
24 1
35
82
59
23
7
86
62
24
9
6
3
4
3
88 0
63 4
24 5
7.3
89 4
65 5
23.9
8.5
91 9
68. 4
23.5
10. 2
95.0
70.8
24.3
8.5
94.7
71.3
23.4
11.6
93.5
73.0
20.5
9.1
do
5.6
8.5
6.3
5.5
7.1
9.2
8.2
8.4
5.7
7.1
6.4
6.0
5.9
4.6
Gross private domestic investment, total - do
Fixed investment
Nonresidential
_
Residential structures..
.. _ _
Change in business inventories
Net exports of goods and services
Govt. purchases of goods and services, total. .do___.
Federal
do
State and local
do
111.3
114.1 110.0
109. 6
109.5
59 5
57 8
59 6
57 8
58 7
56.3
53.4
50.4
50.1
50.9
'Revised.
* Preliminary.
f Revised series. Estimates of national income and product and personal income have been revised (see p. 11 ff. of the July 1966 issue of the SURVEY);
8
2
6
4
8.0
113.2
115.0
110.3
113.3
111.5
111.3
110.1
57 3
58 3
58 2
59 7
57 4
56 1
56 2
52.0
53.6
56.7
53.9
54! o 55! 3 55.9
revisions prior to May 1965 for personal income appear on
the SURVEY.
9 Includes data not shown separately.
120.4
118.3
116.6
61.9
60.4
59 3
58.5
57.9
57.3
p. 18 ff. of the July 1966 issue of
&-1
235-601 O - 66 - 3
4.2
124.3
64.9
59.4
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1963
| 1964 | 1965
I
Ill
II
1966
1965
1964
1963
IV
Annual total
November 1966
I
IV
IV
III
II
I
II
Ill
IV
GENERAL BUSINESS INDICATORS— Quarterly Series— Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
National income totalt
foil
$
Compensation of employees, total
do
\Vascs and. salaries total
do
Private
do
Military
do
Government civilian
do
Supplements to wages and salaries
_do
Proprietors' income, total 9
do
Business and professional 9 ---do
Farm
_
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment total
foil
$
By foroad industry groups:
Financial institutions
do
Nonfinancial corporations, total
___do____
Manufacturing, total
do
Nondurable goods industries
do
Durable goods industries
do____
Transportation, communication, and public
utilities
foil
$
All other industries
do
Corporate profits before tax total
do
Corporate profits tax liability
do
Corporate profits after tax
_ _ _ _ _ _ do
Dividends
do
Undistributed profits
do
Inventory valuation adjustment
___do
Net interest
do
DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income total
foil
$
Less: Personal tax and nontax payments
do
Equals' Disposable personal income
do
Less: Personal outlays©
do
Equals* Personal saving§
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
bil $
Manufacturing
do
Durable goods industries
do
Nondurable goods industries.
_do ___
Mining
do
Railroad
do
Transportation, other than rail.
do
Public utilities..
_
_do____
Communication
do
Commercial and other
do
Seas. adj. qtrly. totals at annual rates:
All industries
do
Manufacturing
do
Durable goods industries
do
Nondurable goods industries
jdo
Mining
' do
Railroad
do
Transportation, other than rail
do
Public utilities.
_____do____
Commercial and other
do
U.S. BALANCE OF INTERNATIONAL
PAYMENTScf
Quarterly Data Are Seasonally Adjusted
(Credits +; debits — )
Exports of goods and services (excl. transfers under
military grants)
mil $
Merchandise, adjusted, excl. military
do
Military sales
do
481.9
341.0
311.1
251.6
10.8
48.6
29.9
51.0
37.9
13.1
17.1
517.3
365.7
333.6
269.3
11.7
52.6
32.0
51.9
39.9
12.0
17.7
559.0
392.9
358.4
289.1
12.1
57.1
34.5
55.7
40.7
15.1
18.3
493.9
349.2
318.5
257.1
11.6
49.8
30.8
51.4
38.5
12.9
17.2
504.0
355.3
324.4
261.8
11.6
51.0
31.0
51.3
39.1
12.2
17.4
513.7
362.2
330.6
267.1
11.6
51.9
31.7
52.2
39.9
12.2
17.6
522.9
369.8
337.4
272.3
11.7
53.4
32.4
51.9
40.3
11.7
17.8
528.5
375.3
342.2
275.9
11.9
54.3
33.1
52.2
40.3
11.9
17.9
543.3
381.7
348.2
281.2
11.8
55.2
33.5
53.3
40.5
12.9
18.1
552. 2
387.8
353.7
285. 8
11.7
56.3
34.1
55.9
40.4
15.5
18.3
562.7
395.6
360.8
291.1
12.0
57.7
34.8
56.7
40.7
16.0
18.4
577.8
406.5
370.8
298.5
13.0
59.3
35.7
57.1
41.1
16.0
18. 5
595.7
419.6
380.0
305.9
13.6
60.4
39.6
58.4
41.4
17.0
18.7
604.1
427.9
387.4
311.5
14.1
61.8
40.5
57.9
41.6
16.3
18.8
614. 0
438.3
396.7
318.0
15.0
63.7
41.5
57.3
41.9
15.4
18.9
58.9
66.6
74.2
61.4
65.3
66.5
67.8
66.8
73.2
72.7
74.0
76.9
80.0
79.9
P79.3
7.8
51.2
28.8
13.0
15.8
8.4
58.2
32.4
14.5
17.9
8.9
65.3
37.8
15.7
22.1
7.9
53.5
30.2
13.4
16.8
8.0
57.3
32.1
14.1
18.1
8.5
58.1
32.4
14.6
17.7
8.4
59.3
33.0
14.6
18.4
8.6
58.1
32.2
14.7
17.5
8.5
64.6
37.4
15.5
21.9
8.7
64.0
36.7
15.5
21.2
8.9
65.0
37.4
15.5
21.9
9.5
67.5
39.6
16.4
23. 2
9.4
70.6
41.9
17.2
24.7
9.8
70.0
40.6
17.2
23.4
9.5
12.9
59.4
26.3
33.1
16.5
16.6
-.5
13.8
10.4
15.4
67.0
28.4
38.7
17.3
21.3
-.4
15.5
11.1
16.4
75.7
31.2
44.5
19.2
25.3
-1.5
17.8
9.8
13.5
62.7
27.8
34.9
16.8
18.1
-1.3
14.7
10.1
15.0
65.8
27.9
38.0
17.1
20.9
-.5
14.7
10.2
15.5
66.8
28.3
38.5
17.3
21.3
-.3
15.1
10.6
15.7
67.8
28.7
39.1
17.4
21.7
.0
15.7
10.5
15.5
67.7
28.6
39.0
17.7
21.4
16! 3
10.7
16.5
74.5
30.7
43.8
18.1
25.7
-1.3
16.9
10.9
16.4
74.5
30.7
43.8
18.8
25.0
-1.8
17.5
11.2
16.4
75.0
30.9
44.1
19.5
24.6
-1.0
18.1
11.5
16.4
78.7
32.4
46.3
20.2
26.1
-1.8
18.7
11.3
17.4
82.7
34.1
48.7
20.9
27.8
-2.8
19.1
12.0
17.4
82.8
34.1
48.7
21.1
27.6
-2.9
19.6
465.5
60.9
404.6
384.7
19.9
496.0
59.4
436.6
412.1
24.5
535.1
66.0
469.1
443.4
25.7
475.8
61.7
414.1
391.6
22.5
484.0
60.7
423.4
401.4
22.0
492.0
56.9
435.1
408.5
26.6
500.3
59.1
441.2
418.4
22.8
507.5
60.9
446.6
420.0
26.6
518.0
64.9
453.2
430.3
22.8
527.6
66.6
461. 0
438.6
22.4
541. 9
65.7
476.2
447.1
29.0
552.8
66.7
486. 1
457.6
28.5
564.6
69.5
495.1
468.4
26.7
573.5 ' 585. 2
'77.4
73.6
499.9 rr 507. 8
473.3 483. 3
26.6 '24.5
39.22
15.69
7.85
7.84
1.04
1.10
1.92
5.65
3.79
10.03
44.90
18.58
9.43
9.16
1.19
1.41
2.38
6.22
4.30
10.83
51.96
22.45
11.40
11.05
1.30
1.73
2.81
6.94
4.94
11.79
11.09
4.56
2.31
2.25
.28
.33
.54
1.61
1.06
2.72
9.40
3.79
1.93
1.87
.26
.32
.51
1.18
.97
2.37
11.11
4.53
2.30
2.23
.29
.36
.63
1.58
1.10
2.61
11.54
4.67
2.37
2.30
.30
.37
.59
1.71
1.06
2.84
12. 84
5.59
2.83
2.76
.33
.35
.64
1.76
1.17
3.01
10.79
4.54
2.25
2.28
.29
.39
.58
1.32
1.08
2.59
12.81
5.47
2.76
2.70
.33
.44
.77
1.71
1.24
2.85
13.41
5.73
2.91
2.82
.32
.44
.72
1.88
1.22
3.10
14.95
6.72
3.48
3.24
.35
.46
.73
2.04
1.41
3.25
12.77
5.61
2.87
2.74
.33
.40
.75
1.60
1.26
2.83
i 15. 64 2 17. 16
15.29
7.84
6.84
-6.78
3.54
4.04
3.51
3.30
3.80
3.27
.37
.36
.40
.47
.54
.55
.97
.90
1.00
2.25
2.22
2.09
1.42
3
5. 19
3.06 34.84
41.20
16.45
8.30
8.15
1.05
1.35
2.10
5.80
4.05
10.45
42.55
17.40
8.85
8.55
1.15
1.40
2.30
5.95
4.05
10.25
43.50
17.80
9.00
8.80
1.15
1.25
2.25
6.30
4.30
10.45
45.65
18.85
9.60
9.20
1.20
1.50
2.40
6.30
4.40
11.00
47.75
20.15
10.15
10.00
1.30
1.55
2.60
6.35
4.40
11.40
49.00
20.75
10.40
10.40
1.25
1.75
2.55
6.80
4.55
11.30
50.35
21.55
10.80
10.70
1.30
1.55
2.70
6.85
4.80
11. 60
52. 75
23.00
11.75
11.25
1.25
1.70
3.00
6.75
5.05
11.95
55.35
24.15
12.45
11.70
1.35
1.95
3.00
7.30
5.30
12.25
58.00
25.60
13.15
12.45
1.40
1.75
3.30
8.25
5.35
12.35
60.10 i 61. 60 2 63. 55
28.15
27. 55
26. 80
14.40
14. 35
13.85
13.70
13.20
12.95
1.40
1.45
1.55
1.85
2.30
2.00
3.70
3.95
3.50
8.05
8.10
8.30
5.50
12.45 3 19. 00 319.65
9,537 8,776
9,001 9,308
6,092 6,389 6,660 5,625
201
200
186
162
1,561
1,253
1,369
1,368
1,423
1,390
1,389
1,354
-7, 032 -7, 196 -7,390 -7,164
-4, 579 -4,752 -4, 901 -4, 656
-664
-683
-725
-686
-372
-373
-344
-349
-1,384 -1,409 -1,434 -1,471
10,136
6,798
229
1,616
1,493
-8, 087
-5,481
-701
-404
-1,501
9,112
32, 339
36, 958 38, 993 8,564
6,156
5,949
22, 071
25, 297 26,276
198
145
844
657
747
4,654
5,392 5,901 1,183 1,402
1,356
1,287
4,957
Other services
__do _ _
5,522 5,972
Imports of goods and services
do__ -26,442 -28,468 -32, 036 -6,784 -6,850
-16,992 -18, 621 -21,488 -4, 372 -4,389
Merchandise adjusted excl militarv
do
-740
t y Apeu_ ibu.res>___
_ _ _ _ _ _ _ _ _ _ _ _ _ u u _ _ -2,936 -2,834 -2,881 -719
-339
-352
-1,271 -1,404 -1,646
-1,
382
-1,341
-6,
021
-5,243
Other services
do
-5, 609
Unilateral transfers, net (excl. military grants);
-683
-702
-2,794
-2,784 -2,765
Transactions in U.S. private assets, net: increase
-4,456 -6,523 -3,690 -1, 106 -1, 360
(— )
mil $
Transactions in U.S. Govt. assets, excl. official
-291
-486
-1,664 -1,674 -1,575
Transactions in U.S. official reserve assets, net;
-51
1,222
378
171
increase (— )
mil $
Transactions in foreign assets in the U.S., net (U.S.
419
358
309
2,981
3,312
liabilities) ; increase (-f)
mil. $.
299
143
133
2,292
2,627
Liquid assets
__ d o _ _ _
215
120
176
685
689
-296
161
-352 -1,011 -429
Unrecorded transactions
__
_
do _ _ _
Balance on liquidity basis—increase in U.S. official
reserve assets and decrease in liquid liabilities to
-138
-248
-2, 670 -2,798 -1, 337
Balance on official reserve transactions basis—increase in U.S. official reserve assets and decrease in
liquid and certain nonliquid liabilities to foreign
-144
-92
official agencies; decrease (-)___
mil. $_ -2,044 -1,546 -1,305
'1 Revised.
p Preliminary.
jsiness.
Estimates for July-Sept. 1966 based on anticipat ed capital expendit [ires of b
2
Estimates for Oct.-Dec. 1966 based on anticipat ed capita1 expenditures of 1ausiness.
Anticipated expenditures for the year 1966 are as folio ws (in foil.$): All industries, 60.86; mimufacturing, total, 27.08; durable goods industries, 13.96; nond urable go Dds industries, 1,Ul;
(mining, 1.46; railroad, 1.96; transportation, 3.62; pu blic utilit les, 8.16; commercial and other
incl. com munication), 18.60.
3 includes commun ication.
n
10,016 10, 065 10,456
7,121
7,027
6,826
198
199
216
1,541
1,254
1,470
1,596
1,568
1,521
-8,245 -8,540 -8,922
-5, 595 -5,756 -6, 003
-854
-771
-745
-436
-458
-411
-1,494 -1,555 -1,629
plO, 565
pT, 111 p 7, 405
p258
pi, 596
vl, 600
p-9,238
p-6,258 -6, 680
p-913
p-436
p-1,631
-662
-768
-719
-645
-852
p-733
-1, 385 -1,589 -2, 189 -1,605
-346
-827
-912
-908
v 1, 104
-469
-268
-471
-332
p-471
-717
-350
303
-694
-415
70
332
249
83
-152
719
547
172
-203
-552
-617
-671
-618
-367
-151
842
68
41
271
424
p 68
1,842
1,532
310
-360
180
-145
325
0
-425
-294
-131
-109
242
493
-251
-240
312
61
251
-80
402
132
270
-268
P 979
p 89
p 890
p -66
-1,381
-697
226
-556
p-157
-534
-332
P82.1
P33.8
P48.3
21.1
P27.2
'-2.8
20.2
P82
P135
p-217
P993
232 -1,158
239
-246 p-186
-845
-618
-326
-231
fSee corresponding note on p. S-l.
9fcncludes inventory valuatk>n adjust ment.
er ersonal outlays c emprise persona] consum ption expenditur es, inter 3St paid by consumers, and p ersonal t ransfer payments to foreig]ners.
§Pe,rsonal sa ving is e xcess of clisposabl 3 income over per sonal ou1lays,
cfISlore com plete del ails are *iven in the quar terly revi ews in tlle Mar., June, Se pt., and
Dec. issues of the SumfEY.
SURVEY OF CURRENT BUSINESS
November 1966
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1965
1965 P
Annual
S-3
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
Aug.
July
Sept.
Oct.p
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCEf
Seasonally adjusted, at annual rates: f
Total personal income _ _ __
bil. $_
Wage and salary disbursements, total. _ -do
Commodity-producing industries, totaLdo
Manufacturing
do
Distributive industries
do
Service industries
Government
Other labor income
Proprietors' income:
Business and professional
Farm
_
-
__
_do__
do
do
_
do
do
Rental income of persons
do____
Dividends
do
Personal interest income
do
Transfer payments
_ _ _ _ _ _ _ _ _ d o _ __
Less personal contributions for social insurance
bil. $__
Total nonagricultural income
do
496.0
535.1
1541.8
552.5
547.2
553.2
558.2
560.2
564.7
569.0
570. 5
573. 0
577. 2
580.0
585.4 ' 590. 0 594. 6
333.6
134.0
107. 2
81.2
358.4
144.3
115.5
86.7
363.5
145.2
116.5
87.6
366.9
146.9
117.9
88.4
371.4
149.2
119.6
89.2
374.1
150.7
120.3
89.7
376.8
152.1
121.8
90.1
380.1
153. 9
123.3
90.9
382.9
155.4
124. 0
91.4
384.7
156.0
125. 2
91.5
387.0
156.8
125.9
91. 9
390. 5
158. 1
127.0
92.8
393.7
158.2
127.1
93,6
397.0 ' 399. 5 402.1
159.8 ' 160. 7 161.6
128.9 ' 129. 6 130.7
93.9 ' 94. 4 94.9
54.1
64.3
16.6
58. 1
69.2
18.5
59.8
70.9
19.0
60.0
71.6
19.2
60.6
72.4
19.4
60.9
72.9
19.6
61.1
73.6
19.8
61.2
74.1
20.0
61.7
74.5
20.2
62.0
75.2
20.4
62.5
75.9
20.6
63.0
76.6
20.7
64.0
78.0
20.9
64.5
78.8
21.1
64.9
79.5
'21.3
65.4
80.2
21.5
39.9
12.0
40.7
15. 1.
40.7
15.9
40. 8
15.8
41.1
16.0
41.3
16.2
41.3
16.8
41.3
17.0
41.5
17.3
41.5
16. 7
41.6
16.3
41.7
15.9
41.8
15.5
41.9
15.4
42.0
' 15. 3
42.1
15.1
17.7
17.3
34.6
36.8
18.3
19.2
38.4
39.7
18.5
19.8
39.2
149.2
18.5
20.0
39.4
39.8
18.6
20.2
39.7
40.3
18.6
20.5
40.0
41.4
18.6
20.8
40.5
42.3
18.7
21.0
41.0
42.6
18.7
20.9
41.4
42.9
18.7
21.0
41.8
42.6
18.8
21.2
42.1
42.5
18.8
21.1
42.3
43.2
18.9
21.1
42.6
43.5
18.9
21.0
43.1
45.1
19.0
21.2
'43.8
46.0
19.0
21.2
44.4
47.4
18.1
' 18. 2
12.5
13.2
479.7
515. 6
1
13.2
13.3
13,5
13.6
16.8
16.9
16.9
17.0
17.1
17.2
17.9
532. 3
526.9
532.6
537.2
538.8
543.0
547.0
549.1
551.9
556.5
559.8
565.4 '570.1
3,010 ' 3, 158 ' 2, 878 ' 2, 793 '3,154
18.3
574.8
FARM INCOME AND MARKETINGS*
Cash receipts from farming, including Government
payments (48 States), total t
mil. $
Farm marketings and CCC loans, total do_
Crops
do
Livestock and products, total 9
do
Dairy products
_
_do_
Meat animals _
_ _ _ _ _ _
_do__ _
Poultry and eggs.. _ _ _ _ _ _ _ _ _ _ do __
Indexes of cash receipts from marketings and CCC
loans, unadjusted:!
All commodities. _ _ _
1957-59=100-.
Crops
do
Livestock a n d products, _ _ _ _ _
do
ndexes of volume of farm marketings, unadjusted:!
All commodities
1957-59=100
Crops
_
do
Livestock and products _ _ _ _
do
39,115
41, 639
4,504
5,343
4,578
3,836 '3,702
3,408
4,460
5,053
36, 946
17, 136
19, 810
5,022
11,126
3,333
39, 187
17, 334
21, 853
5,070
12, 943
3,527
3,886
1,897
1,989
401
1,241
332
5,003
2,924
2,079
420
1,296
349
4,494
2,428
2,066
414
1,293
346
3,782 ' 3, 636 2, 843 '2,984 ' 2, 759 '2,753 ' 3, 124 3, 279
'955
'752
'817
1,775 '1,693
'727 ' 1, 134 ' 1, 409
2,007 ' 1, 943 ' 1, 888 ' 2, 167 '2,007 ' 2, 026 '1,990 ' 1, 870
'471
'465
'488
443
'409
'470
'440
'469
1,177 ' 1, 065
1,172
1,329
1, 186
1,203
1,189
1,150
'313
'294
'333
338
'291
' 310 '309
'318
3,515
1,334
2,181
464
1,346
354
4,089
1,889
2,200
465
1,342
378
115
124
107
122
126
118
145
165
129
186
255
135
167
212
134
141
155
130
135
148
'126
106
'83
'123
'111
71
'141
103
'66
130
'102
'63
'132
116
'99
129
122
123
121
131
116
142
152
165
143
118
118
118
119
120
118
140
161
125
184
254
131
167
219
128
134
157
118
128
'151
'111
93
'78
104
94
'60
'120
87
48
'116
90
'49
'120
107
'90
'120
111
111
112
116
104
125
136
148
126
'154.8 '156.0
159.3
INDUSTRIAL PRODUCTION tf
Federal Reserve Index of Quantity Output
Unadj., total index (incl. utilities) cT~ 1957-59 =100. _
By industry groupings:
Manufacturing, total
do
Durable manufactures
do
Nondurable manufactures .
do
Mining
do
Utilities..
_ _
do
By market groupings:
Final products, total
Consumer goods. _ __ _ _ _
Automotive and home goods
Apparel and staples
Equipment, including defense
Materials
_
Durable goods materials
Nondurable materials
132.3
133.1
133.5
132.6
'111.5
151.3
'143.4 '146.0 '150.1 ' 148 .2 '146.7 '148.5 '152.3
do
_do_ _
do
do
__do
131.8
131 .7
142.8
128.1
132.0
'151.5 148.7
'142.5 145.7
'146.6
'140.3 143.8 ' 150 .3 '145.3 ' 140 .1
'173.3 168.7
159.9
'148.3 174.9
'134.1 '142.4 '142.4 '136.4 ' 131 .1
154.2
156.1
149.7
' 147 .0
160.3
do
do
do
132.8
131.2
'144.2
146.2
'148.8
'147.8
'144.3
146.6
'144.1 ' 145 .9 149.7
_ _
' 134 .4
154.6
147.6
145.4
149.9
148.5
' 151 .7
' 142.0 '145.7
'167.8 ' 171 .3
137.6
'133.8
'162.3 164.6
'153.9
'146.7
'172.7
'138.5
167.8
146.8
'148.5 '152.7
155.7
156.7
145.9
'147.7 '152.3 '155.9 '158.3
' 147 .8 '149.3 '153.3
155.6
'155.0
156.5
' 145 .0 '145.8 ' 147 .0 '148.6 ' 151 .0 '152.9 '154.7 '155.9 '156.6
158.9
Durable manufactures 9 _ _
do
Primary metals _ __ _
_
do
Iron and steel
do
Nonferrous metals and products.. __ do
Fabricated metal products
do
Structural metal parts
__.do
133.5
129.1
126.5
138.3
132.7
130.3
148.4 ' 149 .2 ' 150 .8 ' 151 .8 '155.2
'137.6 '132.6 '125.0 '120.6
126.5
110.5 '118.5
115.8
133.6
125.0
'152.2
152.3
'155.3 158.8 ' 161 .3
153.6
150.9
147.8
'146.7
156.3
148.2
152.6
145.4
144.7
154.0
Machinery...
__ _ _do _
Nonelectrical machinery
do
Electrical machinery,
do
Transportation equipment 9 - _- - do _
Motor vehicles and parts
_ do_
Aircraft and other equipment
do
141.4
142.1
140.6
130.7
150.1
112.4
'160.5
'160.4
160.6
149.2
175.2
125.3
Instruments and related products
Clay, glass, and stone products
Lumber and products. _
Furniture and
fixtures.
_
Miscellaneous manufactures
136.4
126.0
112.6
143.4
133.4
do
do
do
do
do
' 168 .3
'167.8
'169.0
'157.2
178.0
138.0
157.6
166.3
172.3
158.9
124.4
' 161. 8 164.1
' 154. 2 156.7
' 166. 5 179.2
164.2
'162.9
'142.4
146.5
'138.8 141.1
'166.0
165.0
161.4 '162.9
158.4
159.1
'165.4
'148.0
'142.1
' 166 .2
' 161 .8
158.8
157.2 ' 158. 2 ' 158. 1
176.4
171.9
174.6
143.0
' 141 .9 '139.5
122.7
129.3
130.7
168.8
173.8
169.6
156.8 '157.2
159 .5
176.5
141.0
122.9
174.6
159.3
158.6
'159.4 ' 160. 3 '160.3
160.8
' 166. 1
' 148. 6
' 143. 3
' 162. 4
' 162.1
157. 7
' 167. 4
' 146. 1
139.0
163.3
' 161. 5
' 157. 3
168.4
143
136
' 189. 2
'188.0
' 190. 7
' 169. 6
' 165. 9
' 172. 3
189
188
191
175
177
174
'
'
'
'
167.2
148. 9
142. 6
161. 7
161.7
158. 8
' 171 .0 '174.5 '176.4 '176.1 '178.6
180.6
'182.8 ' 186. 6 ' 189. 6
169.2
174.4
171.9
174.0
177.7
174.5
180.3
184.7 ' 186. 7
'173.5 '177.9 '179.2 '178.9 '184.1 '184.4 ' 186 .0 ' 189. 1 ' 193. 4
'160.4 '163.0 '164.1 '166.1 '165.9
165.8
167.1
166.0 ' 166. 3
'178.7
176.7
175.5
'176.9 '176.1 169.9
169.4
161.2 ' 158. 7
143.4
150.1 '153.1 '155.8
156.4
161.9
164.7
169.6 ' 172. 5
159.0
151.4
155.7
158.0
162.2
169.4
'166.8
133.5 '135.5 '137.0 '136.8 '140.6 '142.4 '142.2
116.2
117 .4
118.3
125.4
119.1
126.5
125.6
157.4
162.6
'166.2
'158.1 159.7
165.4
'167.7
150.4
153.0
146.0
155.5
147.1
151.2
155.3
163.3
162.5
163
162
'143.4 '144.1 '145.5 ' 146 .7 ' 149 .0 '150.6 '152.4 '153.7 '153.9 '155.3
'164.3 ' 166 .4
'164.7
165.8
'163.7 '167.3
'149.8 '154.9
'175.8
177.1
134.4
125.6
164. 0
169. 6
156. 9
123. 1
180. 6
133.1
' 161 .9
' 141 .8
'136.7
'174.5
' 161 .7
158.9
'
'
'
'
'178.0
132.3
'160.7
'138.3
'129.1
'172.5
' 161 .6
158.9
158. 1
160. 5
155. 0
123. 5
160.7
158.7
' 151. 8 ' 158. 7 ' 161. 7
'162.4
160.0
152.1 ' 158. 5 163.0
157.4
'159.1 ' 151. 4 ' 158. 9 '160.3
do__ _
'158.1
' 131 .9
122.9
'164.3
'157.7
154.2
'
'
'
'
'152.6
152.9 '157.8
150.0 ' 154. 8
'150.0
'145.5
144.8
139.8 ' 146. 1
'173.1 '169.9 '172.0 ' 142. 4 ' 132. 1
'136.7
136.9 '142.9
139.0
150.5
174.6
167.9
170.3
172.0 '173.6
do
Seas, adj., total index (incl. utilities) cf..
By industry groupings:
Manufacturing, total
150.9 ' 156. 9 '161.7
'145.0
150.5
147.5
152.3
148.3 '150.1 '154.4
157.1 '157.9 '158.9 '162.2
152.1
148.4
154.5
154.6
148.3
155.4
169.0
' 156 .5 '160.6
164.9
166.1
163.9
' 158. 2
'140.8 '146.6 '149.5 145.5
'139.5 '142.1 '146.6 '148.6 '149.2
153.8 ' 144. 4
149.8
'114.8 '114.4 '119.1 '117.3 '117.5 115.6 '117.0
122.7
118.7 '115.5
121.3
118.2
'160.9
177.0
138. 5
119.9
169.7
157. 2
' 177. 4
' 140. 6
' 111. 3
' 175. 3
'158.7
164
158
' 179. 6 182
' 140. 4 140
111.3
' 173. 3 173
'157.1 158
Nondurable manufactures __ ..
do
'140.8 ' 141 .5 '142.3 '144.5 '145.7 ' 146 .4 ' 147 .3 '148.5 '148.7 ' 149 .4 '150.7 151.0 '151.7 ' 151. 4 151.3
132.6
Textile mill products
do _
'139.1 '140.1 '140.4
122.9
'134.9 ' 136 .5 137.7
140.7
' 142.0 '143.5 '143.7
144.0
' 143. 4 ' 142. 3 140.8
147.2
134.1 '145.1 '145.2
Apparel products
_ ..__
do___
145.7
148.5
'145.6 '148.4 '149.4 '150.3 149.9
152.0
' 149. 7 148.4
108.2
Leather and products
do
102.6 '108.2
109.3
110.1
113.9 '111.4 '109.7 '112.2 '115.5
112.1
114.2
111. 1 109.9
147.4
Paper and products
_do
133.4
142.3
' 144.6
143.6
'149.3 '150.6
148.5
150.2
150.2
153.0
154.1
156.2 ' 153. 1 152. 4
'Revised. ? Preliminary.
prior to May 1965 appear in the Dept. of Agriculture publication, Farm Income Situation,
i Italicized total excludes and other footnoted figures include retroactive lump-sum payJuly 1966. 9 Includes data for items not shown separately.
<? Revised beginning Jan.
ment of social security benefits; disbursements of $885 million put on annual rate basis
1964 to incorporate new data and to reflect use of new seasonal factors; revisions for months
amounted to $10.6 billion.
t See corresponding note on p. S-l.
J Revised series. Dollar
prior to Sept. 1965 will be shown later.
figures and indexes of cash receipts and volume of marketings revised beginning 1963; data
SURVEY OF CURRENT BUSINESS
S-4
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
November 1966
1966
1965
Annual
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
142.1
133 8
191 4'
218. 2 '
127.4
144.8
144.1
136.3
135 4
192 7 '194.5
219 9 222.0
127.7
126.9
July
Aug.
Sept.
Oct.*
GENERAL BUSINESS INDICATORS—Continued
1
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
Industrial chemicals __ _ _
do
Petroleum products
-do
Rubber and plastics products
do
Foods and beverages
_. ...do
Food manufactures.
do
Beverages
do
Tobacco products
do
Mining
Coal
Crude oil and natural gas
Crude oil
_
_ _
Metal mining
Stone and earth minerals
Utilities _. .
Electric
Gas
.
do.
do
do
do
do
do_ __
__
-__.__
By market groupings:
Final products, totalcf
Consumer goods
Automotive and home goods.
Automotive products
Autos. _ _
_ __
Auto parts and allied products
Home goods 9
Appliances, TV, and radios
Furniture and rugs
r 171 g
' 111. 5
'108 5
110.4
109.9
117.4
118. 7
r
r
123 7
122 3
r 130 6
r
120 3
r
114 8
r
r
r
129 8
175 9
201 0
124 2
171 2
'123 6
121 8
r 133 2
120 6
134.2 ' 136. 0 ' 138. 6 ' 139. 8
131 1
133 2
129 5 '131 1 ' 131 4'133 1
125 1
127 2
r 177 4 ' 179 3 '182 3 ' 183 1 '185 5 ' 187. 8
r
202 0 ' 203 5 ' 209 3 ' 208 7 ' 210 7 ' 213. 7
125.6
127.8
130.5
125.5
124 0
126 1
175 5
!24 0
122 1
T 134 5
114 5
r
r
112. 5 '116 4 ' 116 4 '118.3 ' 117. 3
114 4
' 108 1 r H7 2 ' 116 6 '118 9
' 110. 1
112.3
114.0 ' 114. 1 ' 115. 0 ' 113. 5
r
116
0
111
9
114
0
114.1
114
5
108
5
r
124. 2
120.6
133.4
122.4 r 124. 6
114 2
138.2
126. 5
127.4
125.5
135.5
133 2
142. 5
'140 3
159.9
143. 7
145.7 '148 0
'141 3 '141 9 r 143 7
' 159. 3 ' 162. 6 '163.3
145.1
150.6
138.0
141. 1
137.1
142.4
' 167. 2
182.6
146. 8
r
!54 8
r
152. 3
r
154. 3
' 165. 2 ' 168. 0
181.1
178 1
' 148. 2 r 150. 8
'155 3 '158 8
'151 6 ' 158.4
T
154.9
154. 2
do
do
do_ _.
do
do
do
do
_do
do
do
do
147 7
r
164. 7
'169 9
T
148 4
r
r 168 9
r
' 148. 9 ' 150. 3 ' 152. 1 ' 152. 5 ' 152. 9 153.7 '154.9
'144 2 '144 6 '146 1 ' 146. 2 ' 146. 4 ' 146. 2 147. 1
' 167. 1 ' 167. 3 ' 166. 6 ' 166. 6 168. 4 ' 166. 1 ' 165. 8
' 168. 1
180.3
' 152. 0
'166 8
' 166. 3
163.3
' 167. 9
177.8
'155.0
' 165. 7
' 160. 5
164. 0
' 137 4 ' 136. 9
138.5
'137 9
' 137 3 136 5
' 124 5 ' 123. 2
' 136. 9
' 137. 5
'136 7
'123 1
' 139. 2 ' 139. 7 ' 139. 4 ' 139. 8
' 138. 7 ' 140. 4 '141.4 ' 140. 5
'139 4 ' 139. 5 '138 9 '139 7
125.2
125. 1
'125 8
123 9
128.1
124.2
129 3
' 120. 0
r
134. 1 r 135 5
' 134. 5 ' 136. 0
r
!34 0 rr 135 4
122. 2
122 6
'135.9
' 136. 4
r 135 7
'123 1
123.2
146.9
123.7
142.3
r
'127.8 ' 131. 0 '128.8 ' 129. 7
164 0
'158 6 ' 162 5 '163 2
'128 2 r 129 3 ' 130. 4 '131 9
' 154. 0 '153 3 ' 152. 7 ' 151. 6
132.0
139.1
137.0
145.3
141.0
133. 1
'r 147. 0
156. 7
153.1
164. 4
162.4
r
148. 8
132. 8
131.2
145.8
134.4
124.5
r
r
do.
do
do
do
r 134. 4
do
do
do
'T 122. 8
112. 5
149.6
127.4
127 9
127.1
r
r
127. 2
157 0
127. 0
149. 4
144. 2
144. 3
166 8
151 9
133.8
r
129. 0
'158 2
'128
4
f152 9
'131.1 '
'167 2 'r
' 133 6
' 155. 3 '
157. 3
167 2
162 0
172 7
180.4
165 8
' 159. 0 ' 162. 6 '164.8
' 1 69. 1 '171 9 '174 0
162.4 ' 164 2 166 1
' 175. 8 177.5 ' 180. 8
188.0
194. 9
198.9
163.9
161.2
158 0
'144 9 ' 145. 3 '146 1
' 144. 3 ' 144. 3 '143 6
'168 8 '168 7
168 2
154 2
158 4
160 0
135. 3
134 5
137 2
' 148. 8 '150 9 T 152 6
' 147. 3 ' 149. 9 '152 6
168 3
170 0
173 6
163.2
165 8
170 0
' 140. 3 ' 142. 7 143 6
149.0 ' 153. 9
159 0 ' 163 8
159.4
155 3
169. 7
166.4
178.7
164.2
1 55. 4
155.7
r
r
144. 1 r 145. 4
136. 4 r!38 2
136 6 r 138 4
' 136. 4 ' 138. 1
' 147. 1
'138 5
'137 8
' 138. 8
r
r
r
' 170. 0 ' 168. 4 160.7
' 180. 5 ' 178. 9 166.0
' 156. 2 ' 154. 6
153.6
164.1 ' 168. 4 '169 9
' 156. 2 ' 166. 7 ' 165. 9
165.5
166.3
169. 1
' 168. 5 ' 169. 1
182.4
182 5
' 150 0 ' 151. 5
' 159 7 '165 8
r 157 2 ' 163. 7
161.0
157 4
'148 6 ' 150. 4
' 141 6 ' 142. 5
' 144 7 '144 1
' 140. 0 141.7
' 151. 0
'144 2
'143 5
'144.5
'
'
'
'
197.4
129.1
127.1
120
121
'178.6
186.1
179.0
179.0
' 155 3 '156.5
146 5 ' 147 .2
'162.5 '159.7
156.7
147.0
160.3
158.2
148 6
167
'146.4
141.7
'152.7
' 169 .1
'165.0
' 168 .0
151.1
148.6
154.4
166.7
161.5
166.1
167
178
143.2
139.5
'144.3
' 128 .0
144 6
128.0
144
162.3 ••154.5
167. 8
151 5
155.2
158 6
' 168. 3 r 168 0
' 163. 9
165 5
170.1
165 2
' 141. 6
' 141. 6
'141 6
' 126. 4
r
r
141 4
139 0
r 142 1
126 0
121.7
121
133. 6 ' 130. 2 '129.5 'J31.5 ' 130 2 134.3
168. 6 167 3 ' 173 4 ' 174 7 174 5 ' 175 .4
134. 2 ' 134. 1 '136 9 '138 5 r 138 9 ' 138.2
154. 7 ' 154. 6 ' 155 8 ' 157.1 r 161 1
165.0
173 6
137 2
174.4
182 7
174 9
189 8
208 8
167 5
'176.5
' 184 .6
' 176 .3
'194.1
'209.3
169.1
177.7
185 7
177.3
195.7
210.2
158 8
159 1
162 8
183 7
141 o
159 6 ' 159 6
' 160 .2
160 1
r 173 6
175 4
'187 9
189 3
' 140 .2
140 3
159 2
' 158 .9
'150 3
' 143 6
' 153 .6
159 0
150 9
145 4
153.7
159
'138.9 '138.7
r 124 8
124 1
175 3
139
125
166.2
175.4
167.4
184.2
198.9
163. 0
166. 9
175 9
167 3
186.4
201.3
157.6
' 169. 8 ' 171. 4
r 178 3 ' ] 80. 0
168 5 ' 171. 0
191.0
190.1
205.7
204.9
168.2
164 7
' 154. 4 ' 154 5 ' 157 1 158.0
155.6 ' 156. 7 '157 7 ' 159. 3
169.1
169 0
165 2
166 0
171.9
179.1
173 6
177 1
'146.1 ' 144. 3 r 141 8
142. 3 r
152.3 '
152 1 153.1
144 4 146.0 ' 145 3
143 5 ' 145. 2 ' 142 4
144. 9 ' 146. 4 ' 146. 7
156. 5 ' 158. 0 r 158 6
147 8 ' 150. 3
149 9
146 1 ' 146 4 143 2
152.2
148.6
153 2
127. 9
115 5
159. 4
r 112 4
••161.6
r 130. 0 '130.2
'118 0 r H8 0
' 161. 6 '162 2
' 131. 9 > 130. 7 '131.8 ' 133. 9 ' 130. 8 ' 136. 9 r 138.0 '138.7
' 119 6 117 4 ' 118 1 120.5 ' 114 9 123 8
124.9 r 124 6
' 164. 4 ' 165. 0 ' 167 1 ' 168. 6 ' 170 6 '171 2 ' 172. 2 r 174 6
mil. $__ 1881,511 1954,434
79, 610
80, 519
82, 214
83, 591
84, 669
84, 744
86, 991
85, 455
85, 426
86, 957 '86 678 '86, 995
86, 791
1445,552 1 483, 343 40, 173
do
._ do
230, 775 252, 242 20 924
_do.__ 214, 777 231, 101 19 249
40 548
21 146
19 402
41 403
21,606
19, 797
42, 622
22, 316
20,306
42, 665
22, 307
20, 358
42 702
22, 433
20,269
44 121
23 238
20 883
43 540
22 708
20, 832
44 071
22 915
21 156
44 125
22, 898
21, 227
44 397 '44 206
23' 031 '22*874
21* 296 '21 332
44 044
22 887
21 157
23 753
7 768
15,985
24 194
7,865
16, 329
24 647
8 092
16, 555
24,816
8,252
16,564
25, 023
8,324
16, 699
25, 263
8, 399
16,864
25 536
8 649
16, 887
24, 949
7,939
17,010
24 475
7 506
16, 969
25 394
8,056
17,338
25 362 '25 572 25 656
8* 106 '8 358 8 318
17, 256 '17,214 17, 338
Merchant wholesalers, totalt
_ d o _ _ 1174,329 1 187, 141 15, 684
Durable goods establishments
........do...
75, 722
82, 691
6,911
Nondurable goods establishments.
do
98, 607 104,450
8,773
15, 777
6,946
8,831
16, 164
7,148
9,016
16, 153
7,172
8,981
16, 981
7, 563
9,418
16, 779
7,538
9,241
17 334
7,887
9,447
16, 966
7,718
9,248
16 880
7, 601
9,279
17, 438 rl*i 989 '17 217
7,637 ' 7 '607 ' 7, 737
9,800
9,382 ' 9, 480
' 126. 5
144
••122.0 ' 121 .3
120.7 '114.7
119.5
120.0
' 121 .2 ' 121 .4
T
132.0
128.5
'133.8
133.7
••175.7
182 4
r
164 4
r 169 8
'145 .3 '144.4
137.7
139.1
'194.3
193 .7
222.0
'128.5
130.3
197.1
182.7
' 128 .1 ' 129 .4
'
127.1
126.4
r
141.6
137 2
119.9
116 5
168.8 ' 169. 1 ' 170. 2 ' 171. 7
164 1 ' 164. 9 ' 164. 7 ' 168. 7
'169 9 '169 3 '174 2 ' 174. 0 '174 1
177 2
175 5
152.3
149
3
153. 3
154.1
150
5
151
4
153.7
148 9
131.8
131.7
142.8
r
!46 2
'120.0 ' 115. 6 ' 120. 7
117.7
85 3
116 9
' 116. 5 '117.0 '119.1
117.0
117 2
121 3
134. 5 ' 139. 7 133. 6
137.1
130. 9
127.5
184 1
127.1
125.5
135 9
122 7
122.0
120 8
119.2
120 9
134.0
133.7
_ _ do.
do
do
160. 9
r 165 6
184 3
' 126. 1
124.4
' 135 4 r
117 9
122.0
120 7
119.3
121. 4
134.2
133.3
117. 7
111 2
115. 0
115.1
130.8
135.6
r H3 3
r
' 138. 6
'128 5
' 187 7 '
' 215. 4 '
127.7
181 3 ' 185 8 '184 7 ' 184. 5 '186 9
181 6
' 125 6 '125 4 ' 126. 2 '126 8 ' 127. 5 '127.8
126. 0
123 5 ' 123. 7 124.6 ' 125. 6 125.7
' 137 1 T 134 7 r 134 8 r 133 4 '137 0 '137 5
126 7
126.8
115 8
117 1
119 6
118 9
r
E quipment , including defense 9
do
Business equipment _ _ _
do
Industrial equipment..
'.' . do
Commercial equipment
do
Freight and passenger equipment ..do
Farm equipment
_do_
Business fuel and power 9
Mineral fuels
Nonresidential utilities
156 3
120 8
120. 2
124 4
120 8
r
r 121 5
151.3
153 9
143.4
Beverages and tobacco
do_.
Drugs, soap, and toiletries
do
Newspapers, magazines, books do
Consumer fuel and lighting _
do
Nondurable materials 9
Business supplies
Containers
General business supplies. ._
130 3
124 2
r 173 4
'196
3
r
123 5
do
do
do
Apparel and staples __ _ _ _
do
Apparel, incl. knit goods and shoes. . do_ _
Consumer staples
do
Processed foods
do
Materials^1
Durable goods materials 9
Consumer durable
Equipment _ _
Construction
r
123.3
117 0
159 6
178 4
121.0
178.9
187
159
BUSINESS SALES AND INVENTORIES §
Mfg. and trade sales (seas, adj.), totalft
Manufacturing, total. __
_
Durable goods industries
Nondurable goods industries
Retail trade, totalt
Durable goods stores
Nondurable goods stores...
_
__
.....
do
do
do
Mfg. and trade inventories, book value, end of year
or month (seas, adj.), total?
.
mil. $.
1 261, 630 1 283, 950
84, 173
93, 718
177,457 190, 232
111, 051
17 091 7, 594
9, 498
120,896 117, 907 118, 432 119, 279 120, 896 '121,570 '122,542 '123,630 '124,700 '126,179 '127,584 '128 714 '130,043 130 736
67, 192 68, 015 68, 594 69, 040 69 648 70, 346 71 103 71 949 72 958 r 74 no 74 805
41,869 42,324 42, 589 42, 884 43, 273 43,779 44, 275 45, 003 45, 790 '46,814 47, 430
25,323 25, 691 26, 005 26,156 26, 375 26,567 26, 828 26, 946 27, 168 '27, 296 27, 375
'33, 916 r34 607 '34, 745 '34, 922 '35 101 '35,346 '35 927 '36 325 '36 312 '36 191 36 355
-•14,979 '15,194 '15,323 '15,424 '15,551 '15,690 '16,213 '16,411 '16,330 '16,.079 16, 241
'18,937 '19, 413 '19, 422 '19, 498 '19 550 '19, 656 '19 714 '19 914 r!9 982 '20 112 20 114
18, 171 18, 274 18, 231 18, 580 18, 881 19,008 19, 149 19,310 19, 444 ' 19, 742 19, 576
10,517 10, 575 10, 571 10, 809 10, 995 11,209 11, 239 11,318 11, 349 '11,577 11, 486
7,654
7,699
7,660
7,771
7,886
7,800
7.910
7.992
8.095 ' 8, 165
8.090
' Revised.
* Preliminary.
note
tSee corresponding note on p. S-ll.
on p. S-3.
JRevised series. The panel of reporters in the Census Bureau wholesale sample has been
9 Includes data for items not shown separately.
updated to reflect information from the 1963 Census of Wholesale Trade; comparable data
§ The term "business" here includes only manufacturing and trade; business inventories
prior to Sept. 1965 appear on pp. 26 ff. of this issue of the SURVEY.
as shown on p. S-l cover data for all types of producers, both farm and nonfarm. Unadjusted data for manufacturing are shown on p. S-5; those for retail trade on p. S-ll.
Manufacturing, total
• _ • _ .... _ _ _ _ _ _ d o _ _ _
Durable goods industries
do
Nondurable goods industries
do
Retail trade, totalf
do.
Durable goods stores....
...
do
Nondurable goods stores
._....__ do
Merchant wholesalers, totalj...
do
Durable goods establishments
do_.__
Nondurable goods establishments. _ _ _ _ _ _ do
62, 944
38, 412
24, 532
31,130
13, 136
17, 994
16, 977
9,809
7,168
68,015 66, 267 66,642
42,324 41, 300 41, 523
25, 691 24, 967 25, 119
' 34, 607 '33, 585 '33, 667
'15,194 '14,971 '14,927
' 19, 413r 18, 61 4 '18. 740
18, 274 18, 055 18, 123
10,575 10, 427 10, 456
7,699
7,628
7,667
1 Based on unadjusted data.
<? See corresponding
SURVEY OF CUEEENT BUSINESS
November 1966
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
Annual
S-5
1966
1965
Sept.
^Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES— Con.
Inventory-sales ratios:
Manufacturing and trade, totalft ...
ratio
Manufacturing, total
Durable goods industries
Materials and supplies
Work in process
Finished goods
_
Nondurable goods industries
Materials and supplies.
Work in process
_ _
Finished goods
Retail trade, totalf
Durable goods stores
Nondurable goods stores
_
1.47
1.46
1.48
1.47
1.45
1.45
'1.45
'1.42
' 1. 46
'1.48
'1.47
'1.48
'1.49
1. 51
do
do
do
do
do
1.64
1.91
.57
.79
.54
1.61
1.91
.59
.80
.52
1.65
1.97
.61
.83
.53
1.64
1.96
.61
.83
.53
1.62
1.94
. 60
.82
.52
1.60
1.90
.58
.81
.51
1.61
1.91
. 58
.82
.51
1.62
1.91
.58
.82
.51
1.58
1.86
.56
.81
.49
1.62
1.93
.58
.84
.51
1.61
1.93
.58
.84
.51
1.63
1.97
.59
.86
.52
1.65
1.99
.59
.88
.52
1. 68
2.05
.61
'.90
.53
1.70
2.07
.62
.91
.54
do
do
_do
do
1.35
.53
.19
.62
1.29
.50
.19
.60
1.30
.51
.19
.60
1.29
.50
.20
.59
1.28
.50
.19
.59
1.27
.49
.19
.58
1.28
.49
.19
.59
1.29
.50
.19
.60
1.26
.49
.19
.59
1.28
.49
.19
.59
1.27
.49
.19
.59
1.27
.50
.19
.58
1.28
.49
.19
.59
'1.28
.50
.19
.59
1. 29
.50
.20
.59
1.40
1.86
1.18
•''1.33
'1.91.
'1.07
'1.41
'1.93
'1.16
'' .39 '1.38
' .90 ' 1. 85
' .15 '1.14
' 1. 39
'1.84
'1.17
' 1. 39
' 1. 84
'1.16
'1.38
'1.84
' 1. 16
'1.37
'1.80
' 1. 16
'1.42
'1.98
'1.16
'1.47
'2.16
'1.16
'1.43
' 2. 04
' 1. 15
'1.43
'2.01
' 1. 16
'1.42
'1.92
'1.17
1.42
1.95
1. 16
1. 13
1.49
.86
1. 14
1.49
.87
1.15
1. 51
.87
1. 12
1.47
.85
1. 13
1.47
.86
1.07
1.40
.81
1.11
1.43
.84
1.09
1.39
.83
1.12
1.45
.84
1.13.
1.48
.85
1.11
1.48
.82
1.14
'1.49
.86
' 1. 15
'1.50
'.86
1. 15
1.51
.85
do
_ __ _do_
_ _ _ _ do
Merchant wholesalers, totalt
do__
Durable goods establishments
do
Nondurable goods establishments
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sales:
Durable goods industries (unadj.), total mil. $__
Shipments (not seas, adj.), total
Machinery, except electrical .
Electrical machinery.
Transportation equipment
__
Motor vehicles and parts
Instruments and related products
Nondurable goods industries, total 9
Food and kindred products. .
Tobacco products
Textile mill products... ..
Paper and allied products.. __
Chemicals and allied products
Petroleum and coal products.
Rubber and plastics products
9,001
9,941
870
856
884
1,006
855
882
983
934
984
956
839
445,552
483,343
41,198
42, 185
41, 642
40,766
39, 982
43,570
45, 218
44, 918
44,287
46,244
40,412
'43, 109 46, 119
230,775
11,525
38, 832
21, 236
23, 549
252,242
11, 753
41,910
22,916
24, 292
20, 778
1,046
3,266
1,675
2, 122
21, 748
1,050
3, 215
1,595
2,088
21, 738
993
3,266
1,612
2,101
21,659
934
3,188
1,546
2,014
20, 751
856
3,379
1,713
1,908
22,878
885
3,773
1, 919
2,110
23, 996
976
3,955
2,076
2,203
23, 869
1,028
4,074
2,178
2,187
23, 574
1,020
3,996
2,108
2,206
24,652
1,114
4,066
2,104
2,332
20, 599
990
3,507
1,881
2,006
'21, 432
'1,074
'3,790
' 2, 007
' 2, 263
33,696
30,207
59,628
38,450
7,523
36,490
33, 593
68, 039
45,412
8,347
3,063
3,002
5,035
3,071
742
3,048
3,063
6,057
4,178
728
2,970
3, 087
6,223
4,326
729
3,124
3,117
6,342
4,180
773
2,952
2, 854
5,981
4,034
678
3,312
3,193
6,485
4,270
742
3, 526
3, 332
6, 655
4,431
809
3,506
3,218
6,496
4,280
794
3,440
3, 181
6,415
4,118
790
3,641
3, 396
6, 610
4,277
861
3,075
3,065
4, 925
2,790
752
-do
214, 777
do __ 75, 883
do
4,693
_do
17, 808
_do
17, 116
do_ _ _
33, 578
do
18, 187
do. __ 10, 212
231, 101
80, 678
4,864
19,318
19,385
36,030
19, 178
11, 653
20,420
7,215
425
1, 725
1,706
3,133
1,628
983
20, 437
7,154
405
1,751
1,718
3,070
1,650
1,032
19, 904
7,018
410
1,721
1,675
2,958
1,613
985
19,107
6,832
400
1,580
1,649
2,797
1,625
995
19, 231
6,861
387
1,495
1,632
2,998
1,622
986
20,692
7,234
410
1,672
1,743
3,145
1,668
1, 061
21, 222
7,259
430
1,754
1,810
3,404
1, 597
1,113
21,049
7,177
398
1,685
1, 770
3,498
1, 722
1, 124
20, 713
7,245
427
1,662
1,784
3,365
1,685
1, 094
21, 592
7,508
465
1, 789
1,929
3,401
1,748
1,127
19,813
7,031
432
1,462
1,699
2,980
1,709
971
do
40, 173
40, 548
41, 403
42,622
42,665
42,702
44, 121
43,540
44,071
44,125
44, 327 ' 44,206
44,044
__do_ _
do
do, .
do
_. _do._-
20,924
953
3,237
1,652
1,995
21, 146
947
3,204
1,608
1,963
21, 606
1,013
3,335
1,681
2,139
22,316
1,140
3,470
1,730
2,166
22, 307
1,092
3, 499
1,741
2, 130
22,433
1,042
3,643
1,843
2, 202
23, 238
1,078
3,726
1,930
2,288
22,708
995
3, 803
2,006
2,148
22,915
932
3, 798
2,012
2,129
22, 898
979
3,840
2,012
2,144
23, 031 '22, 874
'951
940
4,045 '3,922
2,210 '2,036
2,142 ' 2, 130
22,887
981
3,912
2, 039
2,181
3,081
2,796
5,863
3,905
694
3,127
2, 906
5,973
4,037
707
3,150
2, 962
5,907
3, 981
710
3,242
3,073
6,075
3,993
713
3,257
3,145
5,962
3,824
764
3, 179
3,120
6,049
3,955
740
3,285
3,266
6,243
4, 096
803
3,226
3,284
5,939
3,844
800
3,254
3,313
6,176
3,895
801
3,321
3, 230
6,114
3,908
813
3,363
3,496
5,742
3, 405
844
' 3, 364
'3,377
' 5, 915
' 3, 550
'851
3,403
3,399
5,839
3,563
828
19,249
6,821
415
1,581
1,631
2,942
1,614
951
19, 402
6,845
405
1, 609
1,656
2,982
1,639
958
19, 797
7,001
394
1,673
1,691
3,067
1,619
1,012
20,306
7,131
410
1,703
1,762
3,133
1,594
1,064
20,358
7, 157
427
1,659
1,717
3,143
1,605
1,055
20, 269
7,114
433
1,624
1,710
3,127
1,638
1, 051
20,883
7,257
450
1, 729
1,763
3,326
1,640
1,081
20,832
7,255
411
1,670
1,740
3,260
1,756
1,079
21, 156
7, 340
416
1,723
1,790
3,214
1,734
1,082
21, 227
7,334
435
1, 704
1,839
3,260
1,734
1, 050
21,296
7,274
417
1, 717
1,875
3, 237
1,733
1,080
' 21,332
' 7, 476
425
'1,725
'1,878
' 3, 203
' 1, 718
' 1, 064
21, 157
7,375
427
1,707
1,869
3,161
1,734
1,035
2 44, 909
2101,305
260,300
2 50, 403
2 37, 543
2188,883
3,715
8,549
5,125
4,323
3,080
15,381
3,735
8,615
5,172
4,452
3,066
15, 508
3, 861
8,812
5,175
4,418
3, 252
15, 885
4,067
8,955
5,385
4,448
3,409
16, 358
4,005
8,979
5, 484
4,298
3,427
16, 472
3,956
8,961
5,314
4,410
3,361
16,700
4,140
9,140
5, 529
4,573
3,488
17, 251
4,080
9,092
5,453
4,275
3,340
1.7, 300
4, 204
9,193
5,626
4,327
3,203
17,518
4,189
9,195
5,605
4, 373
3,250
17, 513
4,227
9,199
5,793
3,857
3,181
18, 070
' 4, 146
' 9, 373
' 5, 731
' 4, 031
' 3, 165
' 17,760
4,165
9,324
5,716
4,050
3,205
17, 584
2 17, 902 219,283
225,953 2 27, 965
2 42, 331 2 47, 115
1,567
2,422
3,980
1,618
2,402
4,035
1,674
2, 385
4,087
1, 770
2, 530
4,188
1,698
2,604
4,272
1,711
2, 577
4,192
1, 817
2,637
4,376
1,785
2,638
4, 301
1,754
2,832
4,353
1, 735
2,730
4,375
1,803 '1,760
2, 894 ' 2, 849
4,553 '4,510
1,755
2, 801
4,547
65, 869
41, 096
24,773
66,218
41,212
25,006
66,777
41, 407
25, 370
67, 620
41,831
25, 789
68, 651
42, 463
26, 188
69,441
43,070
26,371
70, 049
43, 594
26, 455
70, 755 71,668
44, 219 44, 910
26, 536 26, 758
72,380
45, 444
26, 936
72,684 ' 73,770
45.634 ' 46,680
27, 050 ' 27,090
74, 337
47, 175
27, 162
___do
Durable goods industries, total 9 .
Stone, clay, and glass products. . _ _ _
Primary metals
Blast furnaces, steel mills
_
Fabricated metal products.
.
_do
__do._
do
do
do
do
do
_ _do
do
do
_
Shipments (seas, adj.), total
By industry group:
Durable goods industries, total 9
Stone, clay, and glass products
Primary metals. _ _
_
Blast furnaces, steel mills _..
(Fabricated metal products
Machinery, except electrical
_
do
Electrical machinery
do____
Transportation equipment
do
Motor vehicles and parts
__do_ _
Instruments and related products
do
Nondurable goods industries, total 9 _ - _ _ do_ __
Food and kindred products
>_ _do_ _..
Tobacco products
do
Textile mill products
do
Paper and allied products .
do
Chemicals and allied products
do
Petroleum and coal products
do.
Rubber and plastics products _
do
By market category:
Home goods and apparel
...
do
Consumer staples _
do
Equipment and defense prod., excl. auto.do
Automotive equipment.
_
do
Construction materials and supplies
do
Other materials and supplies. _
do
Supplementary market categories:
Consumer durables
do
Defense products
do
Machinery and equipment
do
Inventories, end of year or month:
Book value (unadjusted), total
Durable goods industries total
Nondurable goods industries, total
.15
.51
.87
'1.44
2 41, 750
2 94, 397
255,185
2 43, 344
2 35, 878
2174,998
' 881
'
'
'
'
3, 162
3, 315
4, 437
2, 179
'817
994
23,664
1,076
3,947
2,067
2,320
3,386
3.654
5,850
3,569
887
' 21,677 22, 455
' 7, 411 7,803
447
437
' 1, 791 1,868
'1,926
1, 952
' 3, 187 3,364
'1,743
1,748
' 1, 042 1,070
do
do
do
62, 642
38,001
24,641
67,620
41, 831
25,789
do
62, 944
68, 015
66, 267
66,642
67, 192
68, 015
68, 594
69,040
69, 648
70,346
71, 103
71,949
72,958
'74, 110 74, 805
do
do
do
do
do
38, 412
1, 587
6, 111
3,707
4,251
42, 324
1,626
6,349
3,678
4,856
41, 300
1,614
6,224
3, 633
4, 766
41,523
1,640
6,275
3,669
4,772
41, 869
1,634
6,261
3,658
4,816
42, 324
1,626
6,349
3,678
4,856
42, 589
1,638
6,438
3,760
4,828
42,884
1,643
6,486
3,786
4,829
43, 273
1,652
6,553
3,813
4,779
43, 779
1,662
6, 594
3,817
4,754
44,275
1,688
6,700
3,887
4,758
45,003
1,697
6,770
3,917
4, 782
45, 790
1,692
6,787
3,911
4,837
' 46,814
' 1, 698
'6,902
' 3, 966
'4,916
47, 430
1,670
6, 888
3,989
5,030
8, 298
Machinery, except electrical
do
7,558
8, 508
5,907
Electrical machinery
do
6,093
5,388
8,707
Transportation equipment
do
7,908
8, 930
3, 430
Motor vehicles and parts
do
3,318
3,013
1,788
1,711
Instruments and related products __ do
1,619
r
2
Revised.
1 Advance estimate.
Based on data not se asonally a djusted.
fSee corresponding note on p. S-ll.
8,364
5,947
8,706
3,412
1,714
8,453
5,993
8,860
3,366
1,730
8, 508
6,093
8,930
3,318
1,788
8,756
6,552
9,483
3,314
1,932
8,958
6,688
9,634
3,233
1,987
9,097
6, 841
10,006
3,394
2,023
'9,329
' 6, 998
' 10,399
' 3, 537
'2,062
9,533
7,219
10, 462
3,369
2,103
Book value (seasonally adjusted) total
By industry group:
Durable goods industries, total 9—
Stone, clay and glass products
Primary metals .
Blast furnaces, steel mills
Fabricated metal products
8,521
8,575
8,610
8,658
6,334
6,210
6,408
6,177
9,047
9,186
9,481
8, 984
3,274
3,226
3,276
3,263
1,822
1,851
1,883
1,806
9 Include s data for items n ot showri
JSee con•espondiiignoteo n p. S-4.
separat ely.
Oct.
SURVEY OF CUKKENT BUSINESS
S-6
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1965
| 1965
Annual
November 1966
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Inventories, end of year or month— Continued
Book value (seasonally adjusted)— Continued
By industry group— Continued
Durable goods industries— Continued
By stage of fabrication:
Materials and supplies 9
mil. $
Primary metals
do _
Machinery (elec. and nonelec.)__ do __
Transportation equipment
do
Work in process 9
do
Primary metals
_ do
Machinery (elec andnonelec.) do
Transportation equipment
do
Finished goods 9 _
do _ _
Primary metals
do
Machinery (elec. and nonelec.) do
Transportation equipment.do _
2 248
3,263
2 216
15 933
2 024
5 763
4 695
10, 791
1 839
3 920
12 943
2 388
3,816
2 278
18 109
2 130
6 699
5 465
11, 272
1 831
4 086
1 187
12, 812
2, 302
3,747
2 317
17 380
2,066
6 415
5,277
11, 108
1 856
4 043
1,113
12, 886
2,302
3,808
2,348
17, 502
2, 114 6 491
5,228
11, 135
1 859
4,012
1,130
12, 914
2,336
3,825
2,300
17, 763
2,097
6,577
5,408
11, 192
1,828
4,044
1,152
12,943
2,388
3,816
2,278
18, 109
2,130
6,699
5,465
11,272
1,831
4,086
1,187
12, 951
2,423
3,862
2,250
18, 285
2,179
6,744
5,537
11,353
1,836
4,092
1,197
13,004
2,428
3,901
2,261
18,468
2,224
6,777
5,589
11,412
1,834
4,107
1,197
12, 988
2,445
3,963
2,188
18, 807
2,255
6,843
5,802
11, 478
1,853
4,138
1,196
13, 146
2,490
4, 019
2,195
19, 141
2,244
6,904
6,078
11, 492
1,860
4,143
1,208
13,298
2,489
4,120
2,226
19, 302
2,337
6,977
6,003
11, 675
1,874
4,211
1,254
13, 507
2,486
4,266
2,221
19, 693
2,394
7,099
6,149
11, 803
1,890
4,281
1,264
13, 653
2,472
4,390
2,227
20, 235
2,438
7,221
6,522
11, 902
1,877
4,327
1,257
' 13, 997
r 2, 495
'T 4, 529
2, 363
'20,698
r
2, 501
'7,356
T
6, 771
'12,119
1,906
«• 4, 442
' 1, 265
24 532
6 030
2 359
2 837
1 885
4 003
1 745
1 176
25 691
6 034
2 371
3 130
1 965
4*335
1 756
1* 279
24 967
5 881
2 286
3,038
1 922
4,258
1 696
1 262
25 119 25 323
5,993
5 861
2,268
2 328
3,085
3,119
1,934
1 919
4,350
4 285
1 737
1 718
1 273 1,306
25, 691
6,034
2, 371
3,130
1,965
4,335
1,756
1,279
26 005
6,243
2,334
3,119
1,970
4,409
1,787
1,296
26,156
6,230
2,338
3,169
1,981
4,460
1,816
1,293
26, 375
6,357
2,394
3,174
1,985
4,460
1,809
1,295
26, 567
6,480
2,395
3, 173
1,997
4,504
1,802
1,299
26, 828
6,515
2,394
3,156
2,028
4,632
1,795
1,309
26, 946
6,503
2, 383
3,248
2,068
4,664
1.776
1,323
27, 168
6,534
2,366
3,297
2,131
4,741
1 804
1,345
'r27, 296 27, 375
6, 361
6,311
2,332
2,350
' 3, 348
3,329
' 2, 171
2,194
'4,819
4,888
'1,829- 1,820
'1,364
1,364
9 619
3 522
11 391
9 964
3 862
11 865
9 766
3*702
11 499
9 769
3 825
11 525
9 827
3,823
11, 673
9,964
3,862
11, 865
10 028
3,876
12, 101
10,072
3,877
12,207
10, 153
3,893
12, 329
10, 309
3,913
12, 345
10, 439
3,991
12, 398
10 562
4,044
12, 340
10 506 T 10, 615 10, 604
4,062 ' 4, 126
4.216
12,600 ' 12, 555 12, 555
do
do
do
do
do
do
6 499
9*660
13 241
3 683
5 629
24* 232
7
9
14
4
6
26
6
9
14
4
5
25
863
566
286
124
908
520
6 866
9 630
14 376
4 102
5 983
25 685
6,890
9,708
14 650
4, 092
6,011
25 841
7,021
9,844
14, 835
4,032
6,054
26, 229
7,167
10, 039
14, 966
3,992
6,017
26 413
7, 247
10,036
15,054
4,003
6,071
26 629
7,329
10, 251
15, 266
3,941
6,072
26, 789
7,403
10, 380
15, 557
3,992
6,090
26, 924
7,521
10,466
15, 655
4,028
6, 124
27, 309
7,573
10, 485
16 034
3 952
6,192
27 713
7,609
10, 499
16 330
4, 117
6,202
28 201
' 7, 768
'10,313
'16,709
' 4, 293
' 6, 267
'28,760
7,895
10, 304
17, 151
4,125
6, 277
29, 053
do
do
do
3 056
5 625
9 431
3 287
6 388
10 701
3 221
6,044
10 432
3 233
6 091
10 492
3,254
6,270
10 591
3,287
6,388
10, 701
3,384
6,519
10, 735
3 423
6,581
10,815
3,475
6,824
10, 848
3,508
7,079
10, 939
3,627
7,099
11, 063
3 721
7,304
11 339
3,765 'r 3, 831
7, 736
7,513
11 537 '11,818
3, 922
7,962
12, 092
New orders net (not seas adj ) total
Durable goods industries total
Nondurable goods industries, total
do
do
do
452 368
237 631
214 737
492 272
260 732
231* 540
42 259
21 818
20 441
43 104
22 648
20 456
42 094
22, 109
19, 985
41, 531
22, 448
19, 083
42 379
23, 052
19, 327
45,434
24,578
20,856
47, 398
26, 099
21, 299
46,401
25, 238
21, 163
44, 748
23, 969
20, 779
47 664
26 120
21 544
42 314 '43,805
22, 521 "22,244
19, 793 '21,561
48, 056
25, 742
22, 314
New orders net (seas adj ) total
By industry group:
Durable goods industries total 9
Primary metals
Blast furnaces, steel mills
Fabricated metal products
IMEachinerv except electrical
Electrical machinery
Transportation equipment
Aircraft and parts
452 368 2492 272
41 483
41 843
42, 234
43, 868
43, 986
44,129
45, 833
45, 064
45, 321
45 833
45, 625 '44,842
46, 293
do
do
do
do
do
do
do
do
237
41
23
24
34
31
61
17
63i
308
303
222
929
212
174
514
260 732
41 017
21 378
24 914
38 434
35* 292
72 973
22' 044
22 163
2 908
1 276
2 013
3 315
2 995
6 853
2 462
22 425 22 389
3 392
3*148
1 451 1,635
2 213
2 050
3 396
3*349
3,201
2 983
5 972
6 920
1,608
2 466
23, 403
3,684
1,854
2,335
3 532
3,211
6,165
1, 724
23 578
3 603
1,776
2 177
3 427
3*, 462
6 526
2,268
23 741
3 994
2,141
2 247
3 317
3,.332
6 574
2 092
24 888
4,057
2,104
2 411
3 529
3,489
6,873
2,395
24, 197
3,905
2,037
2 206
3 538
3,612
6,561
2,099
24, 276
4,305
2,331
2,237
3 553
3,466
6,488
1,942
24 593
4 109
2 173
2 163
3 609
3 487
6 902
2 569
24 371
4,106
2,277
2 231
3 426
3,744
6 639
2,340
do
do
do
214 737
57 318
157 419
231 540
63 458
168 082
19 320
5 267
14, 053
19 418
5 307
14 111
19 845
5,454
14, 391
20 465
5,717
14, 748
20 408
5,580
14, 828
20 388
5,*604
14,784
20 945
5,745
15, 200
20 867
5,650
15, 217
21 045
5,692
15, 353
21 240
5 834
15 406
21 254 '21 330
5*952 ' 5, 938
15,302 '15,392
do
do
do
do
do
do
41
94
57
43
36
178
740
388
765
643
325
507
45 057
101 315
65 081
51* 053
38 058
191 708
3 780
8 550
5 756
4 504
3 118
15 775
3 778
8 604
5 689
4*516
3 129
16 127
3 868
8,806
5 485
4,413
3 296
16 366
4 145
8,955
5 834
4,448
3,604
16 882
4 119
8,981
6 112
4,' 298
3 452
17 024
3 937
8,' 960
5 833
4J332
3 399
17 668
4 173
9*141
6 036
4,538
3 600
18 345
4 051
9,092
6 295
4,343
3,426
17 857
4 227
9,197
5 937
4,516
3, 227
18 217
4 271
9 202
6 378
4 418
3 219
18 345
4 174
9,205
6 464
3,884
3 221
18 677
' 4 149 4,187
9, 319
' 9, 373
' 5 891 7,721
' 4, 027
4,120
3,086
' 3, 156
' 18, 246 17, 860
17 920
27 126
44 471
19 449
32 534
49 679
1,610
3 450
4 153
1 675
3 276
4 249
1,695
2,567
4 325
1,844
2,528
4 583
1,810
3,402
4 450
1,676
3 035
4 584
1,819
3,375
4 587
1,784
3, 299
4 788
1,812
2,907
4 845
1,739
3,503
5 092
' 1, 749 1,751
4,656
' 3, 155
r 4 gis
4,910
55 962
53 042
2 920
64 896
61 543
3 353
62, 758
59 479
3 279
63, 676
60 379
3 297
64, 129
60 752
3 377
64, 896
61, 543
3 353
67, 293
63, 844
3 449
69,156
65,543
3 613
71, 337
67 646
3 691
72, 822
69, 018
3 804
73, 279
69, 410
3 869
74 705
70 883
3 822
76,602 '77,300 79, 234
72, 801 '73,615 75, 690
3 801 '3 685 3,544
57 044
66 068
62 699
63 993
64 821
66,068
67, 388
68,814
70 527
72, 049
73, 297
75 009
76, 310 ' 76, 942
53 958
6 559
4 311
4 811
8 302
8 103
21 090
15 526
62 534
5 646
2 730
5 467
10 304
9 830
25 993
19 781
59 385
5 431
2 809
5 137
9 547
9 376
24 891
18 631
60 664
5 375
2 653
5 224
9 769
9 453
25 838
19 569
61 445
5,432
2 606
5 298
10 014
9 692
2*5 903
19 683
62 534
5,646
2 730
5 467
10,304
9 830
25 993
19, 781
63 803
5,750
2 765
5 513
10*475
10 147
26* 557
20 397
65 110 66 762
6,434
6 102
3 063
3 238
5 558
5 681
10,613 ' 10 857
10 358 10 581
27 082 27 712
20,846 21 566
68 250
6,536
3 269
5 740
11, 169
10 909
28 333
22,006
69 609
7,042
3 588
5 847
11, 468
11 061
28 646
22, 110
n
72 651
7,374
3 816
5 954
11, 820
11 567
30 332
23 420
3 086
3 534
3 314
3 329
3 376
3 534
3 585
3 765
3 799
3 688
11 688
997
Nondurable goods industries, total 9 do
Food and kindred products
do
Tobacco products
do
Textile mill products
do _
Paper and allied products
do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products
do
By stage of fabrication:
Materials and supplies
do
Work in process
do
Finished goods
do
By market category:
Home goods and apparel
Consumer staples
Equip and defense prod excl auto
Automotive equipment
Construction materials and supplies
Other materials and supplies
Supplementary market categories:
Consumer durables
Defense products
Machinery and equipment
Nondurable goods industries total
Industries with unfilled orders©
Industries without unfilled ordersf
By market category:
Home goods and apparel
Consumer staples
Equip and defense prod excl auto
Automotive equipment
Construction materials and supplies
Other materials and supplies
Supplementary market categories:
Consumer durables
Defense products
IVIachinery and equipment
do
do
do
do
Unfilled orders, end of year or month (unadjusted),
total
mil $
Durable goods industries, total
do
Nondur. goods indus with unfilled orders© do
Unfilled orders, end of year or month (seasonally
adjusted), total
mil $
By industry group:
Durable goods industries total 9
do
Primary metals
do
Blast furnaces, steel mills
do
Fabricated metal products
do
Machinery, except electrical
do
Electrical machinery
do
Transportation equipment
do
Aircraft and parts
do
Nondur goods indust with unfilled orders© do
2
021
844
835
032
054
229
3 704
1 817
3 685
4 753
orjo
7 312
3 749
e QfiA
11 757
11 318
9o' 4*3/1
22 927
3 7A1
'23,512
' 3, 792
1,906
' 2, 128
'3 774
' 3, 603
' 5, 986
' 2, 072
14, 189
2,483
4, 673
2,379
20,924
2,446
7,503
6,822
12, 317
1, 959
4,576
1,261
25, 209
4,036
2, 162
2,106
3,707
3, 673
7,546
3,380
21, 084
5,837
15, 247
79,193
'73 286 75, 609
7,368
' 7, 244
3,810
' 3, 686
' 5 952 5 876
' 12, 230 12, 535
'11 793 12, 067
'30 402 32 109
'23,649 25, 262
3 659 r 3 656
3 584
By market category:
2 124
2 254
2 225
Home goods apparel consumer staples do
2 124
2 295 ' 2 295 2 317
2 241
2 341
2 017
2 219
2 250
1 975
2 046
2 048
Equip, and defense prod incl auto
do
29 223
34 732 33 401 33 983 34 284 34 732 35 360 35 803 36 275 37 186 37 687 38 503 39 198 '39 354 41, 429
6 200
Construction materials and supplies
do
6 211
6 298
6 320
6 290
6 330 r 6 320
6 041
5 739
5 803
5 845
6 041
6 063
6*099
5 490
Other materials and supplies
do
23 171 21 542 22 161 22 644 23 171 23 724 24 693 25 787 26 340 27 040 27 875 28 487 '28 973 29 247
20 356
Supplementary market categories:
1,742
Consumer durables
do
1, 449
1 504
1,712
1 677 1,680
1,678
1,736
1 819
1,757 ' 1, 744
1 420
1,601
1,601
1,526
Defense products
do
24 587 23 532 24 407 24 587 24 587 25 383 25841 26 578 27 239 27 316 28 269 28 879 '29 184 31, 037
20 058
Machinery and equipment_ _ do
13. 367
16.000 15. 152 15.369 15. 606 16.000 16. 181 16.575 16. 785 17, 273 17. 762 18. 142 18, 683 '18,986 19.350
r
filled orders for other nondurable goods industries are zero. 1 For these industries (food and
Revised.
1 Advance estimate. 2 Data for total and components (incl. market
categories) are based on new orders not seasonally adjusted.
kindred products, tobacco products, apparel and related products, petroleum and coal prod9 Includes data for items not shown separately.
©Includes textile mill products,
ucts, chemicals and allied products, and rubber and plastics products) sales are considered
leather and products, paper and allied products, and printing and publishing industries; unequal to new orders.
SURVEY OF CUEKENT BUSINESS
November 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
Annual
S-7
1966
1965
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
May
June
July
Aug.
Sept.
17 036
16, 603
17 500
16, 641
15, 336
16, 688
16, 149
16, 224
14, 528
15, 564
1 106
997
1 077
1 017
1 249
1 042
121
206
154
509
116
108
210
121
459
99
100
212
157
511
97
94
186
144
492
101
112
276
191
567
103
123
195
159
470
95
Apr.
Oct.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS INCORPORATIONS cf
New incorporations (50 States and Dist. Col.):
Unadjusted
number
Seasonally adjusted _
do
197 724
203 897
15 962
17 138
13 501
13 514
1 100
1 226
2 388
1 299
2 513
2 097
6 250
1 355
124
205
172
479
120
thous. $_ 1,329,223 1,321,666 104, 976
INDUSTRIAL AND COMMERCIAL
FAILURES cf
Failures, total
number
Commercial service
Construction
Manufacturing and mining
Retail trade
__ _
Wholesale trade
do
do
do
do
do
Liabilities (current), total
Commercial service
Construction
_
Manufacturing and mining.
Retail trade
Wholesale trade. _
.
do
do
do
do
do
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns
2, 254
6 241
1 392
182
262
361
281
240
527
392
864
948
492
1
53.2
248
290
350
287
144
523
980
324
478
361
i 53 3
15 130
17 418
18 185
16 999
19 731
17' 677
16 585
17 868
20 156
17' 305
1 047 1 033
1 090
1 084
946
1 226
110
212
145
490
90
103
201
155
477
97
119
210
156
492
113
101
203
160
515
105
103
167
139
430
107
130
209
171
601
115
15 889
16 744
82,066
71, 722
97, 575 103, 175
039
007
880
463
587
10 381
19' 139
17 862
27 876
6 808
7 635
14 420
22 539
20 606
6*522
7
22
24
28
13
59 7
51 5
51.4
23
19
24
27
10
895
741
972
793
174
54.2
95, 536 103, 471 110, 141
8 021 8 595
13 877 24 306
23 029 18 163
42 216 35 165
16 032
9 307
50.7
17 299
17 022
11
16
29
29
16
005
630
928
749
159
20
35
22
22
9
96, 376 123, 575
761
024
Oil
444
901
26 400
23 832
20, 164
17 054
8 926
27, 123
20, 736
28, 330
32 528
14, 858
69, 876 178, 088 129, 162
4
18
19
18
9
459
233
230
757
197
38 358
33, 193
43, 497
30 488
32 552
14, 435
24, 513
50, 411
23 928
15 875
44 1
50 2
47. 4
45.8
49.4
52.3
60.8
56.6
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS
Prices received, all farm products J
1910-14= 100. _
Crops 9
_
do
Commercial vegetables
do
Cotton
..
do
Feed grains and hay
do
Food grains
__
do
Fruit
do
Tobacco
do
Livestock and products 9
do
Dairy products
_
do
Meat animals
do
Poultry and eggs
do
Prices paid:
All commodities and services
do
Family living items
do
Production items
do
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14=100
Parity ratio §
do
237
239
247
262
166
190
307
490
236
256
270
142
248
232
261
245
173
164
236
513
261
261
319
145
249
223
237
249
171
160
248
528
271
270
333
150
249
221
252
248
161
164
234
528
273
277
332
151
249
219
259
245
156
167
211
550
275
282
332
155
259
224
259
236
166
170
231
549
290
281
357
164
262
226
287
225
171
171
225
540
293
277
369
160
270
232
312
224
174
173
232
545
303
277
384
170
269
231
291
236
170
171
234
545
303
277
380
174
265
236
313
240
172
168
243
547
291
272
365
161
263
239
290
240
175
174
262
546
284
266
361
150
264
241
281
246
175
189
269
546
283
267
359
147
267
245
304
252
182
204
224
546
285
285
351
153
272
241
309
179
188
199
241
559
298
301
365
162
270
236
270
179
190
198
255
571
299
318
354
168
266
233
259
190
184
188
274
563
294
328
343
160
282
300
270
288
306
276
289
305
277
r 306
276
r 289
289
307
276
291
309
278
293
309
281
295
312
282
297
314
284
296
314
283
296
315
283
296
314
283
297
315
285
299
317
287
301
318
289
300
318
287
313
76
321
77
322
77
322
77
322
77<
324
80
327
80
329
82
331
81
333
80
333
79
333
79
334
80
335
81
337
80
337
79
111 0 2 in o
111 6
112 0
112 5
112 6
112 9
113 3
113 8
114 1
110.8
111.3
107.4
109.4
102 4
98.7
118 2
105.7
119 3
121.6
110 6
110. 1
106 1
111.0
109 4
111.8
109 5
112.9
108 1
108.6
108 0
103 6
108 1
111 6
110 1
122 0
116 6
123 7
110 0
115 4
111 4
111 3
108 0
110 6
101 8
97 2
114 0
105 4
119 7
122 0
113 1
115 7
107 0
116 5
109 4
112 1
109 8
113 3
106 5
109 0
108 2
103 8
107 6
111 1
109 6
122 0
117 1
124 5
110 8
115 9
111 9
111 6
108 4
111 1
102 0
97 1
115 4
105 6
120 1
122 5
113 9
116 9
108 1
117 4
109 6
112 3
109 9
113 5
106 6
108 9
108 2
104 0
108 2
111 4
109 9
122 1
117 6
125 3
111 0
116 6
112 4
112 2
108 8
111.4
102 3
97 4
117 4
106 0
121 1
123 6
114 0
115 6
108 9
119 8
110 3
113 0
110 1
114 3
108 3
108 5
108 3
104 4
108 7
112 0
110 5
122 1
118 1
125 8
111.6
116 8
112 4
112 5
108 8
111 3
102 5
97 0
117 5
106 3
121 5
124 1
113 5
113 9
109 3
119 2
110 7
113.5
110 2
115.0
108 2
108.0
108 2
104 6
109 3
112 0
110 5
122 1
118 4
126 3
112.0
116 8
112 6
112 8
109 0
111 5
102 6
96 8
118 2
106 4
122 0
124 8
113 9
114 2
109 6
121 7
111 1
114 1
110 2
115 8
108 0
107 0
108 1
104 8
109 4
112 2
110 7
122 8
118 7
127 0
112 2
117 0
113.1
113.2
109.3
111. 8
103.0
96.7
120.3
106 7
122 6
125.5
114 3
114.3
111 0
121.5
111 3
114 4
110 3
116.2
107 9
107.0
108 1
105 1
109 2
113 5
111 5
129 1
119 1
127 7
112 5
117 2
113 6
113 4
109 8
112 5
103 0
95 8
122 1
106 6
123 0
125 9
115 8
114 5
114 8
122 3
111 5
114 6
110 6
116 4
107 9
107 0
108 1
105 2
109 2
113 5
111 6
129 2
119 5
128 4
112 7
117 4
113 9
113 8
110 0
112.9
102 7
94 4
120 1
107 0
123 5
126 5
115 6
114 8
116 0
116 6
111 8
115 0
110 7
116 8
108 0
107 4
108 1
105 7
110 7
113 3
111 3
129 5
119 9
129 4
113 0
117 5
CONSUMER PRICES
(U.S. Department of Labor Indexes)
Unadjusted indexes:
All items.1957-59-100
109 9
110 2
108 1
110 4
110 6
Special group indexes:
All items less shelter _
do
109 6
108 0
110 0
110 2
110 4
All items less food
do
108 9
110 4
110 6
111 2
110 9
Commodities
_
do
106 4
106 6
105 2
107 1
106 9
Nondurables
do
106 0
108.6
107 9
108 7 108 9
Durables 9
do
103 0
101 7
102 1 102 4
102 6
New cars
... _
do
99 o
101 2
96 5
97 7
98 7
Used cars
do
121 6
120 8
118 9
119 4 118 7
Commodities less food
do
104 4
105 1
104 9
105 3 105 6
Services..
__
do
115 2
118 5
117 8
118 7 119 0
Services less rent
do
117 0
120 7
121 0
121 3
120 0
Food9
do
109 7
106 4
108 8
109 7
109 7
Meats, poultry, and
fish
do
109 8
98 6
105 1
108 9
108 5
Dairy products
do
105 3
104 7
105 0
105 5
105 8
Fruits and vegetables
_
do
115 3
108.5
115 2
108 5 109 9
Housing
_
do
107 2
108 6
109 0 109 2
108 5
Shelter9
do
111 5
110 8
111 2
108 7
110 6
Rent
do
109 1
107 8
109 2 109 3
108 9
Homeownership
do
111.6
112 1 112.5
109 1
111 4
Fuel and utilities 9
do
107 4
107 9
107 3
107 7
107 2
Fuel oil and coal
do
104 3
107.2
103 5
106 9
105 6
Gas and electricity
do
107 9
108 0
107 9
107 9
107 8
Household furnishings and operation do
103 1
102 8
103 3 103 3
103 1
Apparel and upkeep
do
107 2
107 8 108 1
105 7
106 8
Transportation
do
111 0
111 5
109 3
111 2
111 1
Private _
do
109
5
110 1
109
7
107 9
109 7
Public
_ _
do
121 6
121 6
121 6
119 0
121 4
Health and recreation 9
do
116 4
116 2
113 6
115 6
115 8
Medical care __
do
123 0 123 4
122 3
119 4
122 8
Personal care
do
109 6
109 2
109 2
109 9
109 2
Reading and recreation
do
115 4
115 2
114 1
115 2
114 8
Seasonally adjusted indexes:*
Food .
do
Apparel and upkeep
.
do
Transportation
do
'Revised.
* Based on unadjusted data.
2
Beginning with indexes for Jan. 1966, data for six additional areas (Cincinnati, Houston,
Kansas City, Milwaukee, Minneapolis-St. Paul, and San Diego) have been incorporated
into the national CPI. These areas were "linked" into the CPI as of Dec. 1965 and were
first used in calculating the Dec. 1965-Jan. 1966 price change.
cfCompiled by Dun & Bradstreet, Inc. (failures data are for 48 States and Dist. Col.).
110 8
111 1
107.4
109.6
101 9
97 4
114 8
105 3
119 5
121.8
111 4
112 9
106 6
111.3
109 2
112.0
109 7
113.1
106 4
108.9
107 9
103 6
107 3
111.2
109 6
122 0
116 9
124 2
110.4
115 7
114 0
114 0
113 1
114 3
115 3
114 2
115 5
111 6
110 8
113 2
110 5
109 5
108 8
109 4
107 8
109 6
108 0
108 5
107 6
109 6
111.4
112.3
113.5
112.0
112.3 113.4
113.5
110.8
111.8
111! 3
^Revisions for Jan. 1963-Mar. 1965 are available upon request.
§ Ratio of prices received to prices paid (parity index).
9Includes data for items not
shown separately.
* New series. Beginning with indexes for Jan. 1966, seasonally adjusted
indexes for selected groups and subgroups of the CPI were published by the Dept. of Labor.
Additional information and a description of the BLS Seasonal Factor Method are available
from the Bureau of Labor Statistics, U.S. Dept. of Labor, Washington, D.C. 20210.
November 1966
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
1966
1965
Annual
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
COMMODITY PRICES—Continued
WHOLESALE PRICES^1
(U.S. Department of Labor Indexes)
Spot market prices, basic commodities:
22 Commodities
1957-59=100—
9 Foodstuffs.
_
do
13 Raw industrials
do
All commodities _ _
1
88.8
1
104. 6
1 104. 7
191 9
1
114 6
105.4
93 2
114.8
105.6
93 4
115 0
106.1
93.9
115.5
108.9
97 9
117 1
112.0
100 7
120 5
113.8
101 9
122 9
113.6
100 7
123 5
112.5
100. 8
121.5
110.7
100.4
118.3
111.4
102.0
118.4
113.1
105.3
118.8
110. 6
109.1
111.7
107.3
105.1
108.9
103.7
100. 1
106.3
do
100 5
102 5
103 0
103 1
103 5
104 1
104 6
105 4
105 4
105.5
105.6
105.7
106.4
106.8
106. 8
106.2
*97.7
By stage of processing:
Crude materials for further processing,
Intermediate materials, supplies, etc
Finished goods O__
By durability of product:
Durable goods
__ __
Nondurable goods.
__'_
Total manufactures
Durable manufactures
Nondurable manufactures
do
do _
do
94.1
100.9
101. 8
98.9
102.2
103 6
100.0
102.5
104 1
100.1
102.6
104.3
100 8
103 0
104 7
103 2
103 0
105 3
105 2
103 4
105 6
107 5
103 8
106 3
106.9
103.9
106 4
106.3
104.3
106.3
105.7
104.8
106.2
105.6
104. 9
106. 4
107.8
105.4
107.0
107. 4
105.8
107.5
106.1
105.6
108.1
103.6
105.3
107.7
do
do
do
do
do
102.4
99.1
101 1
102 5
99. 7
103.7
101.5
102 8
103.7
101.9
103.9
102.2
103 2
103 9
102.5
104.0
102.4
103 4
104.0
102.7
104 2
102 9
103 7
104 2
103.2
104 2
103 9
104 1
104 2
103.8
104 6
104 5
104 4
104 5
104.3
104 9
105 5
104 9
104 8
104.8
105 3
105.3
105 0
105 1
104.7
105.7
105.1
105. 1
105. 6
104.6
106.1
105.0
105.5
106.1
104.8
106.2
105.2
105.6
106. 1
105. 1
106.2
106. 4
106.0
106.1
105. 8
106.2
107.0
106.4
106.2
106.5
106.2
107.1
106.4
'106.5
106.5
105.8
106.2
106.6
105. 7
Farm products and processed foods
do
98.0
102.1
103.5
103.6
104.3
106.5
107.7
109.8
109.4
108.7
107.9
107. 7
109.9
111.3
'111.5
108.8
104.5
103.3
93.6
110.4
104. 2
99.7
94.9
108.5
107.8
107.0
103. 1
107.1
108.1
97.7
105.6
109.4
108.7
110.4
104.6
106.7
104.4
97.9
98.9
103.8
113.8
118. 9
124.0
102.3
111.1
' 113. 8
118.9
' 124. 2
' 103. 7
' 112. 2
112.4
118.7
124.5
105.6
108.1
105.2
' 105. 2
105.2
97.9
95.8
94.7
105 5
102.5
106.8
98.0
95.8
94.8
103. 8
102.5
106.8
97.9
95.9
95.0
94.6
103.7
107.3
102.6
100.2
100.3
131.1
101.3
Farm products 9——- - -- do
Fruits and vegetables, fresh and dried- do
Grains
do
Livestock and live poultry
__do
94.3
103.2
94 1
84.7
98.4
101.8
89.6
98.9
99.5
96.1
89 3
102.6
99.4
95.6
88.6
103.2
100 3
94.2
87 4
104.0
103 0
92.2
90 1
109.0
104 5
97.5
92 4
112.6
107 4
98.0
92 9
116.7
106.8
101.7
90 8
114.2
106.4
111.0
91.2
112.4
Foods, processed 9
do
Cereal and bakery products .
do
Dairy products and ice cream
do
Fruits and vegetables, canned, frozen . _do
Meats, poultry, and
fish
__do
101.0
107.8
107.8
104.8
90.8
105 1
109.0
108.5
102.1
101.0
106 7
109.1
109.1
101.8
105.3
106 9
109.4
109.4
104.7
104. 9
107 6
110 6
110 4
105.4
105.5
109 4
111 2
111 3
105.1
110.5
110 3
111 8
110 9
104.7
112.7
111 8
112 1
113 0
105.2
114 9
111 5
112.2
115.0
104.8
113.3
110.6
112.6
114.8
104.8
110.9
110. 5
113.0
114.9
105.4
110.9
110.6
114.0
117. 0
104.9
109.9
111.7
115.5
120.4
104.5
110. 0
101.2
102.5
102.7
102.8
103.2
103.2
103.5
103.8
104.0
104. 3
104.7
104.9
105.2
96.7
94.2
95.0
96.8
100.1
104.7
97.4
95.0
94.4
112 7
103.5
105.4
97.2
95.0
93.9
108 4
102 5
105.7
97.6
95.4
94.1
110. 1
103.4
105.9
97.5
95 5
94.7
106 7
103 8
105 9
97.6
95.5
94.6
110 1
103.8
105.9
97.6
95.1
94.4
113 1
103.8
105. 9
97.6
95 2
94 5
110 0
104 7
105 9
97.6
95.2
94.4
106.4
104.7
105.9
97.6
95.6
94.1
104.0
105.5
106. 2
97.7
96.0
94.1
102.5
106.6
106.2
97.6
95.8
94.3
101.6
104.8
106.8
97.9
95.9
94.5
1C5.3
104.2
106. 8
Fuels and related prod., and power 9
do
97.1
Coal
do __
96.9
Electric power
Jan. 1958=100-101. 1
Gas fuels __
do
121.3
Petroleum products, refined . . _ _ 1957-59 = 100- _ 92.7
98.9
96.5
100.8
124 1
95.9
99.2
96.6
100.8
125.3
96.4
99.4
97.3
100.8
125.8
96.6
100.3
97.5
100.8
126 8
98.1
100.6
97.6
100.7
128.6
98.4
100.5
98.1
100.4
128.2
98.3
100.3
98 2
100.4
128 9
97.8
99.9
97.5
100.4
128.2
97.2
100.0
94.9
100.3
129.2
97.7
100.4
96.9
100.2
128.3
98.4
101.5
97.2
100.2
128.5
100.2
101.4
97.6
100.3
128. 3
99.9
Furniture, other household durables 9
Appliances, household
Furniture, household. __
Radio receivers and phonographs
Television receivers
Commod. other than farm prod, and foods. .do
Chemicals and allied products 9
Chemicals, industrial
Drugs and Pharmaceuticals..
Fats and oils, inedible
Fertilizer materials. _
Prepared paint
__
do
do
__do
do
do
do __
r
' 106. 3
do___
do
do
do _
do
98.5
91.3
105.3
81.5
90.9
98.0
89 2
106.2
80.2
88 5
97.7
88.6
106.2
79.0
88.0
97.8
88.6
106.4
79.2
87.9
98.0
88 6
106 6
79 2
87 9
98.2
88.8
106.7
79.2
87.9
98.3
89.0
107.0
78.4
87.4
98 4
89 0
107*2
78 5
87 3
98.4
89.1
107.2
78.4
86.8
98.6
89.3
108.3
78.4
86.8
98.9
89. 4
108.9
78.3
86.8
98.9
89.4
108.9
78.4
86.8
Hides, skins, and leather products 9
do _
Footwear _
do
Hides and skins _ _ _ _
do
Leather
_ _
-do
Lumber and wood products
.__ __ do
Lumber
do
104.6
108.5
87. 5
102.9
100.6
100.7
109.2
110 7
111 2
108.1
101.1
101 9
111.3
110.3
124.9
110.9
102.0
103.1
113.3
113.6
125.6
111.9
101.6
103.0
113.6
113 7
126 5
113 3
101.6
103 0
114.6
113.8
132.3
114.2
101.9
103.4
116.0
114.6
140.0
116.6
102.8
104.3
117.8
115.0
152.8
118.0
103.7
105.6
118.7
115.4
147.8
123.3
105.6
107.4
120.6
118.2
148.8
122.4
108.4
110.9
122.8
118.9
163.0
125.1
109.6
113.1
122.9
118.9
161.0
126.6
107. 7
111.8
102.2
102. 0
99.6
98.5
100.3
100. 3
r
129.
2
128 9
101.0
100. 7
99.0
99.1 '99.2
89.2 r 89 0 '88.9
109. 1 109.4 ' 109. 8
78.3
78.3 '78.4
86.8
86 8 ' 86. 4
119.9
122.7
121. 2
119.1
119. 0
119 1
134.2
156.4
141.2
121.8
126.0
124.9
'
105. 9
106.6
106.2
110. 3 r llO 2 ' 109. 5
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. 9
112.9
112.4
96.8
100.5
103.7
115.1
115.3
96.8
100.7
103.8
115.0
115.6
96.6
100.5
103.9
114.9
115.8
96.6
100.5
104.1
116.8
116.4
96.5
100.5
104.2
117.0
116.5
96.6
100.5
104.4
117.3
116.9
97.0
100.5
104.7
117.8
117. 5
97.8
100.4
105.0
118.0
117.9
98.2
100.3
105.2
118.1
118.5
98.4
100.2
105.8
118.2
118.9
98.9
100.9
105.9
118.4
118. 9
98.8
100.7
106.0
118.5
118.9
99. 0
100.7
106.2
118.3
118.9
99.1
100. 5
' 106. 3
' 118. 2
' 119. 4
99.2
' 100. 1
106.9
118.3
119.8
99.4
101.4
:_ _ _ __do _
do
_ _.do
do
102.8
92.0
100.5
105.9
105.7
91.7
101.4
115.2
106.2
91.9
101.2
117.0
106.3
91.9
101.2
117.4
106.7
91.6
101.3
118.7
106.6
.91.6
101.7
117.2
107.0
91.5
102.0
118.3
107.5
91.7
102.2
119.5
108.0
91.8
102.3
120.8
108.2
92.1
102.0
122.1
108.4
92.1
101.8
122.5
108. 7
92. 5
102.0
123.2
108.8
92.9
102.2
122.9
108.5
92.7
102. 7
120.4
108.4
92.9
102.5
119. 9
108.6
93.3
102.5
120.3
Metals and metal products 9
Heating equipment
Iron and steel
Nonferrous metals
99.7
89.0
110.2
78.8
86.9
118.5
120. 0
120.8
117.5
104.8
108.1
Nonmetallic mineral products 9
Clay products, structural
Concrete products
Gypsum products
Pulp, paper, and allied products
Paper
Rubber and products..
Tires and tubes
do
do
do
do
_do
do
do
do
101.5
104.2
100.9
108.2
99.0
103.6
92.5
89.0
101.7
105.1
101 5
104.0
99.9
104 1
92.9
90.0
101.6
105.4
101. 6
99.9
100.0
104.1
93.3
91.1
101.6
105.4
101.6
99.1
100.5
104.5
93.4
91.1
101.6
105.4
101 8
98 6
100.8
104 8
93.5
91.1
101. 6
105.6
101.8
97.4
100.9
104.9
93.5
91.1
102.0
105.6
102.0
101.4
101.2
105.2
93.7
91.1
102.1
105.8
102.1
101.4
101.3
105.4
94.1
91.1
102.1
105.9
102.2
101. 4
101.8
105.4
94.3
91.1
102.3
106.0
102.7
101. 4
102.3
106.0
95.4
94.4
102.4
106.3
102.7
102.2
102.7
107.1
95.4
94.4
102.5
106.5
103.0
102.7
103.0
108.0
95.4
94.4
102.7
106. 5
103.1
102.7
103.2
108.2
95.1
93.9
103.0
102.7
106.7
106.7
103.6
103 3
102.7
102 7
103.2 '103.1
108.4
108 4
95.1 '94.7
93.9 '93.4
103.2
106. 8
103.6
102. 7
103.1
108.4
94.6
93.4
Textile products and apparel 9...
Apparel..Cotton products.
Manmade fiber textile products
Silk products
Wool products
do
_do
do
do
do
do __
101.2
102.8
99.6
95.8
117.3
103.0
101. 8
103.7
100.2
95.0
134.3
104.3
102.1
104.2
100.6
94.2
134.9
105.2
102.0
104.3
100.8
93.3
140.3
105.4
101.9
104.2
101 0
92.5
142.2
105.4
102.0
104.3
101.2
91.9
143.6
105.4
101.9
104.6
101.0
91.3
147.6
105.9
102.0
104.7
101.5
91.0
155.3
105. 8
102. 1
104.7
101.8
90.8
151.4
106.0
102.2
104.7
102.3
90.5
151.6
106.3
102.2
104.9
102. 6
89.9
140. 9
106.4
102. 2
104.8
102.8
90.0
143.8
106.5
102.4
105.0
103.0
90.1
152. 1
106.7
102.4 ' 102. 2
105.0 ' 105. 1
103.1
103.3
89.6 '88.8
158.6
156.7
106.1
106.6
102.1
105.1
103.2
88.2
161.1
105.6
Tobacco prod, and bottled beverages 9— do___Beverages, alcoholic
do
Cigarettes.. _
do
Miscellaneous..
do
Toys, sporting goods.
_do
107.4
100.7
105.6
109.2
101.0
107.7
100.8
105. 8
111.0
102.7
107.7
100.9
105.6
111.5
103.2
107.7
100.9
105.6
111.2
103.1
107.7
100. 9
105.6
113.2
103.0
107.9
101.3
105. 6
112.5
103.1
108.1
101.1
105.6
114.3
103. 2
108.0
101.0
105.6
116.0
103.3
109.2
101.0
109.5
113. 1
103.3
109.4
101.0
110.0
113.0
103.7
109.4
101.0
110.0
115.1
103.7
109.8
101.0
110.0
115.7
103. 7
110.0
101.0
110.0
120.5
104. 5
110.1
110.1
101. 0
101.0
110.0
110.0
120.4
121.1
104.9 '104.8
110.1
101.0
110.0
118.0
104.9
$0. 995
.925
$0.976
.910
$0.971 $0.970
.907
.906
$0. 966
$0. 961
.901
$0. 956
.901
$0. 949
$0.949
.893
$0. 948
.889
$0. 947
.888
$0. 946
.886
$0. 940
.883
$0. 936
.876
$0. 942
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices
.
1957-59 =$1.00v.
do
'Revised.
v Preliminary
»Annual averages computed by OBE.
cFFor actual wholesale prices of individual commodities, see respective commodities.
904
896
0 Goods to users, including raw foods and fuels.
$0. 936
.879
9 Includes data not shown separately.
SURVEY OF CUERENT BUSINESS
November 1966
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1965
1965
Annual
S-9
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE f
New construction (unadjusted), total
mil. $__
66, 221
71, 930
6,789
6, 754
Private, total 9
do
Residential (nonfarm)
do
New housing units____
_ _ _
do
Nonresidential buildings, except farm and public utilities, total 9
mil. $
Industrial _ _ _ _ _
d o
Commercial
do
Farm construction
do
Public utilities
_ _ _
do
45, 914
26, 507
20,612
49 999
26, 689
20, 765
4 607
2 450
1,955
4 606
2 370
1,897
12 998
3,572
5,406
1,221
4,850
16 521
5,086
6, 704
1 195
5 178
1 549
1 605
Public, total 9
do
20, 307
21, 931
2 182
2 148
do
do
do \
__do _
7,052
7,716
722
48
91
825
728
50
82
799
Buildings (excluding military) __
Residential
Military facilities
Highways and streets
__
474
968
7, 144
464
883
7,547
New construction (seasonally adjusted at annual
rates), total__ __
_.mil. $_
4,748
' 6, 579
' 7, 151
' 7, 100
' 1, 005
6,743
6,671
4 530
2 283
1 836
4 381
2 138
1 723
3 389
1,627
1,315
3,861
1, 873
1,443
4,308
2,191
1,620
4,497
2,367
1, 734
4,789
2,534
1, 848
' 4, 652
'2,412
'1,846
' 4, 603
' 2, 222
' 1, 710
4,445
2,067
1,582
4,421
1, 94frv
1,485
1 605
1 635
1 302
1,266
1,452
1, 546
1,533
1,621
'1,612
'616
'585
' 1, 722
'631
'639
1,725
0)
0)
C)
575
640
95
466
442
510
92
367
453
451
91
354
1 956
1 656
1 506
1 359
687
46
88
666
669
42
63
476
647
38
54
390
622
36
52
305
500
682
99
500
' 5, 544 '6,228
115
509
607
613
110
509
1, 683 ' 1 920' 2, 082 ' 2, 362 ' 2, 448 ' 2, 402
2,298
2,250
'766
733
53
C)
719
56
929
C)
892
511
530
92
395
T
'659
'38
69
468
565
550
91
431
r712
r42
66
578
557
537
96
458
'745
r44
56
675
612
573
102
495
«•' 808
111
481
' 789
'52
'49
64
'74
807 '1,024
53
70
990
107
536
72, 830
72, 687
74, 039
76, 443
77 622
78, 920 ' 79, 499 ' 78, 578 ' 76, 135 '75,894 '73,827 '73,051
72, 528
71, 804
50 084
51 209
53 445
53 285
54 290
55, 066
54, 347
52,284
52, 108 '50,061 '49,210
48, 623
48, 036
26, 413
26, 343
26 243
26 684
27, 460
27, 463
27, 279
27, 437
27, 023
26, 156 '25,115 '23,469
22, 381
21, 778
16, 984
5,321
6,977
1,186
5,208
16 923
5,068
7,056
1 185
5 196
17 839
5 291
7 706
1 183
5 429
19 551
6 250
8 017
1 182
5 412
18 812
5 987
7,846
1 185
5 220
19 388 20, 495
6,629
7,073
7,294
7,672
1 190 1, 194
5 512
5,409
19, 572
7,175
7,097
1,197
5,458
18, 227
6,856
6,126
1,201
5,301
18, 712 '17,884 '18,546
7,548 ' 7, 163 ' 7, 164
6,343 ' 6, 280 ' 6, 482
1,213
1, 205
1, 210
5,624
5,490
5,617
18, 955
6,757
6,620
1,218
5, 711
do
22 663
22 603
22 830
22, 998
24 337
24 630
24, 433 ••24,231 ' 23, 851 '23,786 '23,766 '23,841
23,905
23, 768
_ _ _do_ _ _
do
do
_do
8,187
8,311
8,382
8,608
9 259
9,391
' 8, 741
8,351
8,282
516
733
508
823
r
8, 706
8,705
do
Residential (nonfarm)
do
Nonresidential buildings, except farm and public utilities, total 9
mil. $
Industrial—.
do_ _
Commercial
do
Farm construction
do
Public utilities—
__ do
Public, total 9
__
478
678
104
487
5,157
3 651
1 843
1,483
50 167
Private, total 9
Buildings (excluding military)
Residential
Military facilities.
Highways and streets
478
646
107
465
6,037
6,486
505
522
832
525
967
519
760
1,025
7,689
7,734
7,398
7,687
8 107
8, 203
r
T
547
1,009
8, 550
'8,455- '8,395 '8,308 ' 8, 326
563
'564
'562
'589
746
'744
800
650
887
8,708
' 8, 791 ' 8, 783 ' 8, 710 ' 8, 709
'•8,455
'573
562
0)
0)1
C)
(')•
1,222
5,710
563
0)
CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F. W. Dodge
Co.):
Valuation, total
mil $ 2 47 299
Index (mo data seas adi )
Public ownership
Private ownership
By type of building:
NonresidentiaL __ _
Residential
Non-building construction
New construction:
Advance planning (ENR) §
Concrete pavement awards:
Total
Airports _
Roads
Streets and alleys
Miscellaneous
4,083
49 831
4 153
4 356
3 745
3 698
3 374
3 270
4 737
5 098
5,132
4,854
4,774
4, 302
1957—59 — 100
3 137
3 140
147
147
141
153
1 ^9
1 ^7
158
161
156
147
146
139
146
mil $
do
2 15 371
2 31' 928
16 330
33 501
1 332 1 294
2 821
3 061
1 163
2 582
1,304
2,395
1 125
2 249
1 066
2 204
1 463
3 274
1 574
3,524
1, 902
3, 230
1,937
2,916
2, 020
2,754
1,568
2,733
1,379
2,704
2
15 495
2 20 561
2 11 ' 244
17 470
21 461
10 900
1,464
1 756
'934
1 582
1 897
'377
1,328
1 696
1,433
1 446
1 177
1 290
1 259
1 299
'712
1, 726
2 004
1 007
1,883
2 081
1,134
1,826
1,970
1,335
1,885
1,828
1,140
1,813
1,461
1,499
1,729
1,494
1,079
1,676
1,261
1,146
44 405
45 625
3 915
3 895
4 618
5 707
3 384
3 942
4 608
3 686
3,578
4,902
2,362
3,807
5,937
123 768
5 352
89 872
25 578
2 967
125 580
4,410
86 779
29 016
5,376
33 048
do
do
do
do
thous. sq. yds
do
do
do
do
721
819
906
29 147
1,329
20 831
5 639
1,347
857
20 692
9 549
1 950
34,119
1,419
23, 814
8,027
25 684
513
21 298
3 161
859
711
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total incl farm (private and public)
One-family structures
Privately owned
thous
do
do
1 590 7 1 542 7
963 5
973 0
1 557 4 1 505 0
125 9
80 0
124.3
135 7
87 2
133 6
118 3
71 4
116.1
103 2
59 9
102 3
87 3
48 2
84 6
81 0
46 8
78 2
130 9
80 9
126.3
149 2
95.4
147.1
139 3
88.1
135.4
130. 7
83.8
127.5
' 104. 8
'71.4
'104.0
' 106. 8
'70.9
' 104. 9
95.0
64.4
92.2
Total nonfarm (private and public)
In metropolitan areas
Privately owned
do
do
do
1 563 7 1 520 4
1 117 7 l' 067* 5
1 530 4 1 482 7
124 3
87.8
122.7
133 0
94 8
130 9
117 1
78 8
114.9
101 6
75 9
100. 8
86 3
61 5
83.7
79 5
55 4
76.7
128 7
91.4
124. 1
146.9
106.8
144.8
136.1
91.7
132.2
128.3
87. 5
125.1
' 103. 1 ' 104. 7
'71.3
'69.6
'102.3 '102.8
92.8
64.0
90.0
Seasonally adjusted at annual rates:
Total, including farm (private only)
Total nonfarm (private only)
dodo
1 453
1,436
1 411
1 380
1 547
1,531
1 769
1,735
1 611
1,585
1,374
1,349
1, 569
1, 538
1,502
1,481
1,318
1,287
1,285
1,261
'1,088 ' 1, 102
' 1, 068 ' 1, 079
1,241
1,180
1,244
1,280
1,292
1,255
1,197
1,268
1,185
1,098
710
678
727
New private housing units authorized by bldg. permits (12,000 permit-issuing places):
Seasonally adjusted at annual rates:
Total
thous
One-family structures
do
1 286
720
731
724
711
652
743
660
596
954
574
921
543
'844
'491
1,073
1,048
736
457
CONSTRUCTION COST INDEXES
Dept. of Commerce composite
American Appraisal Co., The:
Average, 30 cities
Atlanta _
New York
San Francisco
St. Louis
1957-59=100-
112
116
117
117
117
118
118
118
118
119
120
121
122
122
122
1913—100
do
do
do
do
802
824
829
834
835
837
840
843
845
854
858
877
881
916
946
840
822
917
949
841
830
927
954
852
853
927
954
852
853
950
969
887
863
952
971
888
863
883
926
954
852
836
863
124
124
124
124
125
126
127
128
128
878
888
792
785
904
925
814
808
908
939
834
809
909
940
834
805
909
940
834
815
Associated General Contractors (building only)
124
124
124
123
119
1957-59=1002
' Revised.
* Not yet available; estimate
included in total.
Annual total includes
3
revisions not distributed to months.
Computed from cumulative valuation total,
f Revised series. Monthly data for 1962-64 appear on p. 40 of the May 1966 SURVEY.
235-601 O - 66 - 4
909
941
837
817
913
945
839
821
122
953
980
890
864
128
128
9 Includes data not shown separately.
§ Data for Sept. and Dec. 1965 and Mar., June, and Sept. 1966 are for 5 weeks; other months
4 weeks.
SURVEY OF CURRENT BUSINESS
S-10
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
Annual
November 1966
1965
Oct.
Sept.
1966
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES— Con.
E. H. Boeckh and Associates: 1
Average, 20 cities:
All tvpes combined .
1957-59—100
Apartments, hotels, office buildings. _ _do
Commercial and factory buildings
do .
Residences
do
113 4
114 6
113 4
111 6
117.2
118.5
117.2
115.2
118 4
119 7
118.5
116 4
118 8
120 0
118 8
117 0
118 9
]20 1
118 9
117 0
119 5
120 7
119 5
117 6
119 7
121 1
119.8
117 1
119 5
120.6
119.5
117 6
119 8
120 8
119 8
118 0
120 3
121 4
120 3
118 7
121 2
122 3
121 1
119 4
121.9
123. 1
121.9
120.1
122.8
124.1
122. 9
120. 9
123.1
124.3
123.2
121. 0
123 3
124. 5
123.4
121 2
Engineering News-Record:
Building
do
Construction
do
Bu. of Public Roads— Highway construction:
Composite (avg. for year or qtr.) 1957-59—100
116 1
123 2
118.9
127.8
120 1
129 8
120 4
129 8
120 2
129 7
120 4
130 0
120 5
130 0
121.7
131.2
122 0
131 4
123 1
132 4
123 7
133 4
124.5
135.4
124.6
136.1
125.0
136.5
125 2 1 125. 0
136.7 1 136. 5
102 0
105.7
106 7
152 6
156 3
170 2
163 3
165 3
146 2
149 5
156 6
144 4
168 1
154 2
151 9
183 2
161 1
155 3
186 2
161 6
171 4
224 5
159 8
164 6
235 8
143 6
158 2
188 1
148 0
155 2
150 2
136 4
147 0
103 6
144 2
150 2
101 6
189 9
178 4
172 2
189 0
167 8
184 7
182.1
188.9
113 6
102.1
16.6
189
8.4
97
15.1
192
72
94
J4.5
222
68
100
13.3
219
67
105
13.6
214
59
89
13.8
179
5.4
72
17.7
160
91
92
16.0
168
10.1
111
Home mortgages insured or guaranteed by—
Fed Hous Adm * Face amount
mil $ 6 573 22 7 464. 59 755 77 714 36
2 852 21 2 652.23 254 42 245 00
Vet Adm * Face amount§
do
Federal Home Loan Banks, outstanding advances
5 325
5 997 5 802 5 826
706 02
242 64
698 25
227 87
727 41
236 31
511 89
189. 76
607 09
163 04
5 724
5 997
5 898
5 739
CONSTRUCTION
106 6
113.7
109 0
115 6
MATERIALS
Output index:
Composite unadjusted 9
Seasonally adjusted
1947-49—100
do
Lumber and wood products unadj
Portland cement , unadjusted
do
do
r 135 4 r 137 4
r 144 4 r 155 2
r 175 9
r 178 3
166 5
161.1
167.2
196 4
187 5
166 5
168 8
211 3 '250 6
' 175. 3
'r 142. 7
227. 0
187.3
165.9
12.8
133
9.4
98
13.0
127
8.8
90
10.6
124
8.5
99
11.6
119
10.4
106
13.0
151
'8.9
'104
9.9
122
9.2
120
515 71
131. 82
497. 79
166 66
557 09
205. 32
504. 84
219. 04
546. 13
287. 43
515. 89
257. 14
415.68
5 687
6 516
6 704
6 783
7,342
7,226
7,175
1,234 '1,314
1,118
266
643
325
'272
'320
239
573
306
124 71
123 84
118 71
71.8
1.0
6.9
2.1
9.3
9.8
67.4
7.0
5.0
1.8
8.8
7.3
108.1
11.7
8.9
3.6
11.2
10.2
5.1
3.6
6.3
7.0
5.2
3.8
6.0
11.3
2.4
3.1
4.0
10.0
7.5
3.6
7.6
8.9
5.4
3.0
4.0
4.5
4.8
4.6
3.3
4.0
4.2
3.9
2.9
.9
1.2
.9
1.4
1.6
1.5
1.7
.9
1.1
2.8
3.1
3.4
3.5
2.6
2.5
3.4
3.0
2.2
22.9
25.0
38.5
31.9
36.4
40.2
31.0
26.7
31.3
t Revised seasonaUy adjusted data for 1958-34 will be shown later.
§ Data include guaranteed direct loans sold.
6.3
7.9
5.1
1.8
3.6
37.8
r 171 g
r 168 4
r 177 6 r 165 4
r J64 2
r
REAL ESTATE
Mortgage applications for new home construction:
Applications for FHA commitments
thous. units—
Seasonally adjusted annual ratest
do
Requests for VA appraisals
do
Seasonally adjusted annual ratesj
do
New mortgage loans of all savings and loan associations estimated total
mil $
By purpose of loan:
Home construction
do
Home purchase
do
All other purposes
do
New nonfarm mortgages recorded ($20,000 and
under) estimated total
mil $
Nonfarm foreclosures
number
24 505
23, 847
2,079
1 961
1 825
1 996
1 549
1 554
1,998
1 888
1,696
1,629
6 515
10 397
7 593
5,922
10, 697
7,228
490
1,015
574
487
910
564
431
834
560
491
865
640
322
640
587
307
645
602
454
814
730
430
798
660
390
773
533
340
823
466
36 921
108 620
116 664
9,806
9 577
9 642
10 421
9 375
9, 211
10, 179
9 765
10 197
10 844
1 367 13 1 455 63 115 44
108 72
112 28
124 04
120 40
131 10
133 36
123 59
117 47
123 99
140
124
153
118
84
130
175
144
124
158
118
88
134
184
140
129
151
109
82
129
182
144
134
150
120
98
122
183
148
127
161
120
83
116
197
r 722
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas, adi.:
125
112
136
103
89
103
157
136
122
147
109
92
108
175
138
126
145
113
78
118
183
1, 145. 9
96.5
360.6
209.5
103.2
146.8
229.2
1,260.3
99.1
409.2
234.8
112.0
145.4
259.8
269.2
16.3
91.0
52.0
26.8
29.3
53.8
401 5
44.4
123.9
67 3
28.6
46.7
90.6
1,016.0
38.5
192.9
352.7
98.5
50.2
283.2
1, 075. 5
38.9
207.4
377.7
100.4
48.7
302.4
248.3
10.1
51.1
82.7
26.4
10.5
67.5
303 9
10 6
56.4
107 1
25.8
11 5
92.5
996.8 1,076.9
64.8
61.8
111.7
110.7
30.4
27.1
115.9
108.9
133.9
134.8
90.0
10.1
3.6
3.0
10.1
9.3
120.5
8.0
16.9
3.2
12.0
13.1
117.8
5.9
15.2
2.2
12.3
14.3
58.3
69.3
5.2
71.7
71.5
6.0
48.4
50.5
5.0
1.6
16.0
21.7
41.6
3.4
38.3
Allother
d0
365.6
32.7
320.9
' Revised.
1 Index as of Nov. 1,1966: Building, 125.0; construction, 136.5.
J Copyrighted data; see last paragraph of headnote, p. S-l.
9 Includes data for items not shown separately.
7.3
8.5
6.5
2.2
3.9
38.8
9.2
9.1
5.7
1.7
3.7
38.6
Television advertising:
Network (major national networks) :
Allother
do
Spot (natl. and regional, cooperating stations):
Magazine advertising (general and natl. farm magazines):
Cost, total
___
mii. $
Apparel and accessories
do
Building materials
do
Foods, soft drinks, confectionery
do____
Household equip., supplies, furnishings. _ do
138
126
147
112
97
126
174
143
131
151
112
108
110
187
142
121
159
111
109
102
182
91.5
3.9
7.2
1.2
11.9
11.1
144
131
156
115
96
125
184
354. 5
24.0
116.3
72.2
30 3
41 1
70.6
_
' 308. 8
21 3
91.6
62 1
31 5
32.5
r
69 9
290 2
12 9
57 0
107 8
26.3
12 7
73 6
64.6
1.7
8.8
1.6
6.6
7.7
83.1
4.0
11.2
2.3
9.1
10.7
101.9
6.8
11.5
3.4
10.8
12.2
112.4
9.2
12.5
4.7
11.1
10.9
110.4
6.7
11.8
3.9
12.0
10.6
93.0
2.5
9.2
3.4
12.7
10.8
SURVEY OF CURRENT BUSINESS
November 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1965
1965
1964
S-ll
Sept.
Annual
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Newspaper advertising linage (52 cities) :
Total
mil. lines- 2, 973. 5
787.1
Classified
_ _ do _
2, 186. 3
Display, total
_
_ ..
__do
159.7
Automotive
do
60.9
Financial
_ _ _ _ _ __do
292.5
General
do
Retail
. d o _. 1, 673. 2
3, 164. 6
865.6
2, 298. 9
170.4
63.4
288.5
1, 776. 7
271.9
72.9
198.9
13.2
296.3
78.4
217.9
18.8
292.4
71.8
220.7
14.6
285.4
62.0
223.4
9.6
5.4
231.0
69.5
161. 5
13.1
282.3
79.4
202.9
16.2
282.4
81.6
200.8
16.0
308.9
87.0
221.8
18.7
289.1
80.9
208.3
18.4
5.2
240.0
73.7
166.3
12.8
254.9
80.3
174.6
14.6
273.0
81.6
191.4
14.8
27.4
153.8
30.6
163.2
28.7
172.2
22.9
185.6
18.8
126.8
22.1
121.7
26.0
154.8
27.2
151.0
31. 5
166.2
27.8
155.4
18.9
133.7
20.1
151.9
4.6
5.4
7.8
4.7
5.9
6.6
5.5
6.7
7.4
4.6
288.8
77.3
211. 5
18 2
55
30 6
157 2
RETAIL TRADE
All retail stores: t
Estimated sales (unadj.), total t
261, 630
283, 950
22,732
25,067
25, 158
30, 601
22, 054
21, 260
24, 712
25, 477
24,763
25, 950
Durable goods stores 9
Automotive group
Passenger car, other auto, dealers
Tire, battery, accessory dealers
do
do
do
do._._
84,173
48, 730
45, 799
2,931
93, 718
56, 266
53, 217
3,049
7,082
3,784
3,540
8,413
4,994
4,719
8,606
5,430
5,169
8,372
5,138
4,848
8,069
4,787
4,499
8, 776
5,233
4,904
319
211
6,998
4,366
4,166
275
8,976
4,835
4,516
6,985
4,300
4,089
244
8,390
4,954
4,689
290
288
329
8,162
4,755
4,424
'8 234 r 7 590
i 8 532
' 4, 677 ' 4 059 i 5 074
'4,365
3,764
'312
295
Furniture and appliance group 9
Furniture, homefurnishings stores
Household appliance, TV, radio
do -_
do
do
13, 090
8,079
4,199
13, 737
8,538
4,223
1,201
1,272
1,318
1,619
1,058
1,015
1,150
1,097
1,129
1,229
1,239
'1,315
'816
'418
Lumber, building, hardware group
do
Lumber, bldg. materials dealers d* do
Hardware stores
_ _ d o __
11, 340
8,690
2,650
12, 115
9,302
2,813
1,102
865
237
885
247
Nondurable goods stores 9
do . 177, 457
Apparel group
_
do ._ 15,282
3,121
Men's and boys' wear stores
do
5, 944
Women's apparel, accessory stores. _ -do
3,626
Family and other apparel stores
do
2,591
Shoe stores
do
190, 232
15, 752
3,258
6,243
3,680
2 571
15, 650
1,324
16,654
1,360
8, 613
19, 577
62, 864
57, 272
20,269
9,335
21, 423
66 920
61, 068
21, 765
759
798
1,856
5,498
5,017
1,820
1,878
5,962
5,448
1,884
General merchandise group 9
do .. 32,350
20, 809
Department stores
do
2,402
Mail order houses (dept. store mdse.) _ do.
Variety stores. -.
do .. 4,948
6,011
Liquor stores
_ do
35, 840
23 421
2,581
5,320
6,305
2,962
1,942
3,122
2,035
mil. $
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores.
__
Gasoline service stations. __
Estimated sales (seas. adj.), total f
do
do.
do
do
_ do
._
_.
_.
..
._
.do
712
393
250
496
348
230
223
422
505
790
394
1, 132
280
553
310
217
225
448
533
265
200
261
645
342
614
335
817
619
198
774
594
180
980
762
218
1,038
729
355
794
244
824
259
21, 625
2,418
15, 069
1, 152
14, 262
1,009
200
428
213
168
17, 105
1,456
16, 694
1,341
554
992
566
306
249
466
244
193
16,106
1,277
778
752
1, 747
5,577
5,072
1,849
1, 089
1,881
6,559
5,977
1,889
1,708
5,600
5, 127
1,815
1,618
5,348
4,874
1,667
3,600
2,344
5,644
3 745
2,375
1,564
2,285
1,474
819
397
1,098
846
252
16,768
1,455
299
602
341
213
786
328
484
561
941
546
1,084
358
888
826
166
313
496
166
335
470
714
368
699
336
714
348
1,083
765
392
1,159
900
259
17, 174
1,373
25, 329 '25,348 '24 827
331
751
423
1,116
870
246
' 1, 155
'911
'244
' 1 298 1 1 310
775
433
1,084
838
246
17, 167 '17 114 '17 237
1,253 ' 1 375r 1 461
261
'280
'277
492
'524
566
296
'349
359
268
604
305
279
262
563
285
231
798
824
819
1,809
5,808
5,297
1,827
1,901
6,075
5,559
1,898
1,965
5, 747
5,240
1,947
2, 071
5 979
5,464
2,002
2 219
6 262
5 750
2 056
2,887
1,892
3,080
2,007
3,034
2 003
3 208
2 141
2 965 r 3 259 ' 3 270 i 3 365
1 924 ' 2 110' 2 157 1 9 91 1
218
393
496
198
460
541
299
532
307
235
829
202
429
530
192
454
543
204
828
179
436
558
259
r 222
i 842
'822
r 2 177 '2 058 i 2 077
5
5
QQ2
5
881
' 6 058
r
' 5 377 r 5 560
5 477
T
i
919
i
i
990
'2 024
823
229
219
463
547
' 465
539
r
24,194
24,647
24, 816
25, 023
25, 263
25, 536
24, 949
24, 475
25 394
25 362
do ..
do
do .
do ..
7,768
4,658
4,398
7, 865
4,614
4,345
8,092
4 776
4,509
8,252
4 953
4 714
8,324
4, 884
4,610
8,649
5 121
4,822
7, 939
4,580
4, 302
7,506
4 288
4,017
239
274
8,399
4,995
4,718
8 056
4 771
4 479
8 106
4 764
4 460
Furniture and appliance group 9
do ..
Furniture, homefurnishings stores -do ..
Household appliance, TV, radio. ..do. ..
1,184
1,221
749
380
1, 207
1,208
1,220
716
389
1,218
1,249
1,202
1,183
1 208
1 258 ' 1 285 1 280
775
771
' 78?
r 423
429
431
Lumber, building, hardware group . d o ..
Lumber, bldg. materials dealers cf . do
Hardware stores
do
1,002
1,021
765
237
775
246
1 006
1 007 r 1 014
r 769
764
243
' 245
15,985
1, 343
16,329
1,321
Nondurable goods- stores 9
Apparel group
Men's and boys' wear stores
Women's apparel, accessory stores
Family and other apparel stores
Shoe stores
do
do .
do ..
do__._
do ..
do
Drug and proprietary stores
Eating and drinking places
Food group
_
Grocery stores
Gasoline service stations
do
do
do ..
do
do
General merchandise group 9
Department stores
Mail order houses (dept. store mdse.)
Variety stores .
Liquor stores
do
do
do ..
do .
do
Estimated inventories, end of year or month: f
Book value (unadjusted), total f
—.mil. $..
Durable goods stores 9
do
Automotive group
.....do _._
Furniture and appliance group
do
Lumber, building, hardware group, -do
Nondurable goods stores 9
Apparel group
Food group
General merchandise group
Department stores. >
260
do .
_ do ._
_do
do
do ..
278
508
344
213
794
816
756
366
735
378
759
378
1,074
1,070
1,149
819
255
825
245
896
253
16.555
1,384
16,564
1,340
16, 699
1,417
280
566
311
227
818
828
289
570
318
240
806
730
405
1,114
862
252
16, 864
1, 450
289
594
327
240
806
299
278
765
405
741
379
1,150
1,034
271
734
372
895
255
797
237
990
752
238
16 887
1,377
17.010
1,389
16 969
1,406
277
569
299
232
816
279
579
308
223
843
283
578
313
232
831
292
746
397
769
237
304
17 338 17 256 17 214 17 338
1 460 1 464 r ^ 499
1 463
'301
295
r 327
304
584
' 582
583
574
r 359
351
341
350
OOP
228
241
' 231
848
844
837
1,879
5,783
5,278
1,907
1,915
5,879
5,359
1,907
1 935
5,917
5 391
1 907
1 924
5,981
5,467
1 927
1 910
5,931
5 431
1 920
1 967
5 975
5 472
1 927
1 996 ' 1 975 1 QQQ
5 924 r 5 920
5 966
5 436 ' 5 426 5 462
1 918 ' 1 906 1 Q97
3,043
1,982
3.055
1,978
3,199
2,087
3,069
2,019
3,230
2, 119
3,225
2,127
3 225
2,119
3 194
2,099
3 213
2 113
3 0KC
2 214
3 365
2 201
18, 698 19, 075
'3,811 ' 4, 242
' 4, 066 ' 3, 714
' 5, 882 '6,347
' 3, 519 ' 3, 733
' 3 332 3 336
' 2 182 2 igg
209
433
533
243
451
560
34, 151 35,260 33,435
14,270 14,812 14,737
' 6, 245 '6,663 '7,070
'2,484 '2,574 '2,390
'2,492 '2,487 '2,386
33, 610
15,209
7,415
'2,391
'2,421
34, 670
15, 773
'7,817
'2,386
'2,463
35,840
16,226
'7,988
'2,452
' 2, 545
36,280 36, 561
16, 449 16,940
' 8, 082 '8,414
'2,564 ' 2, 622
' 2, 561 '2,592
20,448 18,698 18,401
'4,389 '3,811 ' 3, 674
'3,975 ' 4, 066 '3,953
' 6, 967 ' 5, 882 '5,981
' 4, 224
3,519 ' 3, 493
18, 897
' 3, 891
'3,938
' 6, 121
' 3, 600
19, 614
' 4, 086
' 4, 025
' 6, 490
' 3, 847
19, 831
' 4, 098
' 4, 071
' 6, 605
' 3, 949
19, 621 19 50P 19 465 19 985 20
' 4, 056 ' 3 953 '3 984 r 4 245
4
' 4, 047 ' 4 09* ' 4 090 ' 4* 114 4
' 6, 505 ' 6 456 ' 6 472 ' 6 680 7
' 3, 897 r 3 855 r 3' 887 r 4 019
4
34, 745 34, 922 35, 101
15, 323 15, 424 15, 551
' 7, 227 ' 7, 251 ' 7, 308
' 2, 483 '2,473 ' 2, 469
' 2, 504 ' 2, 503 '2,490
35, 346
15, 690
' 7, 394
' 2, 529
'2,489
35, 927
16, 213
' 7, 775
' 2, 606
' 2, 517
19,881
'4,325
' 3, 885
' 6, 791
' 4, 067
235
469
543
34, 607
15, 194
'7,244
'2,449
'2,467
223
457
561
220
459
559
224
453
564
216
467
560
219
487
K79
234
481
549
36, 467 36, 155
16,967 16, 690
' 8, 420 ' 8, 074
' 2, 623 ' 2, 635
' 2, 567 '2,499
36 325 36 312
16 411 16 330
r 7 914 r 7 697
r 2 628 ' 2 667
' 2. 512 '2.484
1 17 557
861
1,875
5,956
5,432
1 838
220
459
531
i 25 667
976
734
242
1,810
5,757
5,235
1,860
Book value (seas. adj.), total t
do . 31, 130 ' 34, 607 33, 585 33,667 33, 916
Durable goods stores 9 do ._ 13, 136 r 15, 194 14, 971 14, 927 14, 979
5, 645
r 7, 244 ' 7, 038 ' 7, 056 ' 7, 149
Automotive group
do
2,272
'2,449 ' 2, 445 ' 2, 400 ' 2, 456
Furniture and appliance group
do._ _.
2,550
' 2, 467 ' 2, 511 ' 2, 525 ' 2, 520
Lumber, building, hardware group.— do
' Revised.
* Advance estimate.
fRevised series. Data reflect use of new sample
(effective with data for Oct. 1965) based on definitions and classifications of the 1963 Census
of Business; the 1965-66 retail inventories also reflect incorporation of new data from 1965
Retail Trade (Census annual) and updating of seasonal factors. Latest revised data back
to 1959 appear in the November, April, and February 1966 issues of the SURVEY (refer in
269
560
297
214
277
25 656
1,825
5,788
5,271
1,843
30, 181 ' 33, 435 32,926
12, 854 ' 14, 737 13,851
5, 578
' 7, 070 ' 5, 856
2,227
'2,390 '2,484
2,461 '2,386 '2,498
r
276
535
290
220
267
25 572
'8 358 ' 8 318 i 8 no
' 4 959 4 990
' 4 658 4 682
' 301
*308
1,814
5,586
5,097
1,827
223
452
530
17, 327
3,432
3, 822
5, 381
3, 174
269
1 17 579
i i' 549
225
544
275
233
23,753
Durable goods stores 9--..
Automotive group
Passenger car, other auto, dealers
Tire, battery, accessory dealers
126 111
219
223
487
563
' 480
' 551
35, 280
15, 295
' 6, 669
' 2, 636
' 2, 492
35, 628
15, 015
6,422
2,698
2,455
613
449
202
027
271
36 191 36 355
16 079 16* 241
'7 536 '7 719
'2 636 2 656
'2.494
2.467
that order to pp. 27,18, and 20, respectively); revised accounts receivable data prior to Oct.
1965 are not available. Complete details for retail sales appear in the Monthly Retail Trade
Report, Jan. 1966 and subsequent issues, available from the Bureau of the Census, Wash.
D.C. 20233. 9 Includes data not shown separately, cf Comprises lumber yards, building
materials dealers, and paint, plumbing, and electrical stores.
SURVEY OF CURRENT BUSINESS
S-12
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
| 1965
November 1966
1966
1965
Annual
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr. 1 May
June
July
Aug.
Sept.
Oct.
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail storest— Continued
Estimated inventories, end of yr. or mo. f— Con.
Book value (seas, adj.)— Continued
Nondurable goods stores 9
mil $
Apparel group _ __
do
Food group
do
General merchandise group
do
Department stores
do
17 994 f 19 413 r 18, 614
3,613 '4,033
'3,979
3,857 r 4, 086 ' 3, 729
5, 809 ' 6, 340 '6,071
' 3, 772 ' 3, 565
3,410
' 18, 740
'3,957
' 3, 813
' 6, 100
'3,596
'18,937
'3,994
' 3, 874
' 6, 130
'3,648
' 19, 413
'4,033
' 4, 086
'6,340
'3,772
'19,422
'4,011
'4,009
'6,551
'3,855
'19,498
'4,036
'3,974
'6,466
'3,854
'19,550
' 4, 050
' 4, 001
' 6, 516
'3,870
'19,656
'4,074
' 4, 015
' 6, 580
'3,929
'19,714
' 4, 118
' 4, 023
' 6, 585
'3,940
'19,914
' 4, 144
'4,099
'6,690
'4,041
'19,982
' 4, 194
' 4, 148
'6,681
'4,062
'20,112
' 4, 186
'4,207
'6,708
'4,060
20, 114
4,174
4,219
6,721
4,079
Firms with 11 or more stores:f
Estimated sales (unadi ) total 9 t
68 306
6 092
6 432
6 591
9 275
5 494
5 256
6 214
6,661
6 291
6,608
6,511
6,565
6,759
377
40
141
97
212
189
111
401
44
145
116
214
189
109
2,383
1,605
371
2,414
2,388
1,632
371
2,582
do
73 454
263
31
99
73
179
155
86
361
37
135
104
199
187
105
420
45
158
125
207
183
96
373
42
145
102
206
187
100
388
48
144
107
217
197
107
324
39
123
87
216
196
108
2,095
1,416
316
2,416
2,236
1,511
368
2,631
2, 220
1,516
341
2,336
2,361
1,629
363
2,441
2,168
M74
342
2,630
134
1,707 1,636
1 162 1,087
262
*244
2,216
2,311
93
84
116
124
124
137
134
120
116
6,610
6,574
6,536
6,702
6,664
6, 729
6,762
Apparel group 9
IVIen's and boys' wear stores
Women's apparel, accessory stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
Furniture and appliance group
do
do
do
do
do
do
do
4 287
531
1, 622
1,155
2 029
1,677
1 126
4 445
557
1, 656
1,168
2 300
1,891
1 193
376
41
139
106
187
168
102
390
52
145
96
197
169
109
412
53
153
'98
196
155
110
679
94
263
154
318
167
135
General merchandise group 9
do
23, 645
15 807
3^770
26, 198
26, 112
17 593
4*096
27, 725
2,188
1 480
326
2,249
2,260
1 522
347
2,451
2,615
1 743
386
2,241
4,070
2 751
701
2,831
1 242
1 312
108
121
108
Variety stores
do
Grocery stores _
d
o
Lumber vards bldg materials dealers cf do
ire, a ery, accessory eaers
_
Estimated sales (seas, adj.), total 9 1 -
do .
JVien's and boys* wear stores
*
Women's apparel accessory stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
do
do
do
do
do
General merchandise group 9
Dept. stores, excl. mail order sales
Variety stores
Grocery stores
do
do
do _
do
Tire battery accessory dealers
do
All retail stores, accounts receivable, end of yr. or mo. :
Total (unad justed) f
mil $
Durable goods stores
do
Nondurable goods stores
do
Charge accounts
do
Installment accounts
do
Total f seasonally adiusted^t
Durable goods stores
Nondurable goods stores
Charge accounts
Installment accounts
do
do
do
do
do
_
Department stores:
Ratio of collections to accounts receivable:
Charge accounts
oercent
Installment accounts
do
Sales by type of payment:
Charge account sales
Installment sales
do
do
288
40
102
81
185
163
86
6,248
6,209
6,373
6,445
6,475
6,598
375
47
139
97
198
163
382
49
146
99
204
164
383
46
139
104
203
160
374
45
143
100
206
168
392
49
146
106
199
180
407
47
156
104
205
179
386
43
144
106
208
193
382
45
150
100
213
184
382
43
146
102
215
181
402
48
149
108
224
187
386
47
144
103
222
182
405
51
147
103
223
175
.395
50
144
104
225
183
2,250
1,515
348
2,323
2,203
1,469
353
2,339
2,342
1,577
371
2,325
2,217
1,516
342
2,499
2,330
1,564
362
2,378
2,392
1,625
366
2,422
2,363
1,587
371
2,421
2,295
1, 553
359
2,506
2,336
1,576
370
2,449
2,430
1,652
385
2,491
2,425
1,643
377
2,517
2,417
1,650
380
2,544
2,444
1,665
388
2,519
116
120
107
94
123
120
136
120
117
121
124
117
122
17,486
6,838
10, 648
7,786
9,700
16, 912 16, 865
6,583 6,578
10, 329 10, 287
7,471 7,533
9,441 9,332
17,065
6,606
10,459
7,778
9,287
17, 520 17,774 '17,332 17, 424
6,894
7,163 ' 6, 947 6,996
10, 626 10, 611 ' 10, 385 10 428
8,113 8,296 ' 7, 880 7,927
9,407
9,478 ' 9, 452 9,497
17 034 17 207
6,916 7,039
10, 118 10, 168
7,833 7,842
9,201 9,365
17 419 17 418
7,020 6,954
10, 399 10, 464
7,881 7,895
9,538 9,523
17 306
6,835
10, 471
7,812
9, 494
17, 481 17, 721
6,941 7,001
10, 540 10, 720
7,954 8,210
9, 527 9,511
18, 193
7 120
11 073
8, 269
9,924
16, 780
6,926
9,854
7,907
8,873
17, 166 18, 193
6,943 7,120
10, 223 11, 073
8,040 8,269
9,126 9,924
17 034
6,916
10 118
7,833
9 201
16 824
6,722
10, 102
7,825
8,999
17 180
6,891
10,289
7,965
9,215
49
17
49
18
50
18
50
18
50
18
52
18
48
18
43
39
18
43
38
19
42
39
19
42
40
18
43
39
18
46
37
17
43
36
21
'17 481 17 651
' 6, 779 6,805
'10,702 10, 846
' 7, 896 8,016
' 9, 585 9,635
EMPLOYMENT AND POPULATION
POPULATION
Population, U.S. (incl. Alaska and Hawaii):
Total, incl. armed forces overseas..
mil
EMPLOYMENT
Noninstitutional population, est. number 14 years
of age and over, total, unadj
......mil..
1
192. 12 U94.57
195. 01 195. 24
195. 45
195.64
195.83
196.00
196. 16
196. 34
196. 50
196. 67
196. 84
197.02
197.22
197. 43
137.04
137, 23
138.44
138.65
134. 14
136. 24
136.67
136. 86
137.39
137. 56
137.74
137. 91
138. 10
138.28
138.84
139.04
Total labor force, incl. armed forces
thous..
Civilian labor force, total
do.___
Employed, total
do
Agricultural employment
do
Nonagricultural employment— ... do. _
76, 971
74, 233
70, 357
4,761
65, 596
78,357
75, 635
72, 179
4,585
67, 594
78,044
75,321
72,446
4,778
67,668
78, 713 78,598 78,477 77,409
75,953 75,803 75,636 74,519
73, 196 72, 837 72,749 71,229
4,954
4,128 3,645 3,577
68,242 68, 709 69, 103 67,652
77,632
74,708
71, 551
3,612
67,939
78, 034
75, 060
72,023
3,780
68, 244
78,914
75,906
73, 105
4,204
68, 900
79, 751
76, 706
73,764
4,292
69,472
82, 700 82, 771 82, 468 80, 052
79, 601 79,636 79,290 76,823
75, 731 76, 411 76, 369 74,251
5,187 5, 010 4,707 4,373
70,543 71,402 71,662 69,878
80,530
77,251
74,730
4,301
70,430
Unemployed (all civilian workers)
do
Long-term (15 weeks and over)—, do.
Percent of civilian labor force
Not in labor force
thous..
Civilian labor force, seasonally adj©
do
Employed, total
do
Agricultural employment. .
_ _ _ _ do.
Nonagricultural employment
do
Unemployed (all civilian workers)
do
Long-term (15 weeks and over)
do
Rates: f
All civilian workers
Men, 20 years of age and over
Women, 20 years of age and over ,__
Both sexes, 14-19 years of age
....
3, 876
973
5.2
57, 172
3,456
755
4.6
57, 884
2,875
609
3.8
58, 626
75,611
72,297
4,418
67, 879
3,314
728
2,757
588
3.6
58, 149
75,846
72, 561
4,551
68, 010
3,285
697
2,966
531
3.9
58,445
76, 111
72, 914
4,273
68, 641
3,197
644
2,888
600
3.8
58, 749
76, 567
73, 441
4,486
68, 955
3,126
660
3,290
678
4.4
59, 985
76,754
73, 715
4,429
69,. 286
3,039
661
3,158
685
4.2
59,930
76,355
73,521
4,442
69,079
2,834
579
3, 037
749
4.0
59,707
70,341
73, 435
4,363
69, 072
2,906
588
2,802
779
3.7
58,994
76, 666
73, 799
4, 482
69, 317
2,867
603
2, 942
602
3.8
58,349
76, 268
73,231
4,076
69, 155
3,037
536
3,870
466
4.9
55, 575
77, 086
73, 997
4,238
69, 759
3,089
476
3,225
373
4.0
55, 673
77, 098
74,072
4,144
69,928
3,026
435
2,921
385
3.7
56,180
77,371
74, 338
4,158
70, 180
3,033
451
2,573
417
3.3
58,787
77, 113
74, 165
4,049
70, 116
2,948
499
2,521
439
3.3
58,511
77,135
74,163
3,971
70, 192
2,972
520
5.2
3.9
5.2
14.7
4.6
3.2
4.5
13.6
4.4
3.0
4.2
13.2
4.3
2.9
4.2
13.2
4.2
2.8
4.3
12.3
4.1
2.6
4.0
12.9
4.0
2.6
3.8
12.0
3.7
2.6
3.6
10.9
3.8
2.6
3.6
11.7
3.7
2.4
3.6
12.0
4.0
2.4
4.0
13.4
4.0
2.6
3.9
12.3
3.9
2.6
3.7
12.2
3.9
2.5
3.9
11.6
3.8
2.4
3.8
12.2
3.9
2.4
4.0
11.9
'Revised.
-1 As of July 1.
fSee corresponding note on p. S-ll.
9 Includes data not shown separately.
d" Comprises lumber yards, building materials dealers, and paint, plumbing, and electrical
stores.
© Effective with the Feb. 1966 SURVEY, data reflect revised seasonal factors; comparable
data for earlier periods appear in the Feb. 1966 BLS report, Employment and Earnings and
Monthly Report on the Labor Force, GPO, Wash., D.C. 20402.
1 Unemployed in each group as percent of that group.
SURVEY OF CURRENT BUSINESS
November 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
| 1965
Annual
S-13
1966
1965
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.*
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees on payrolls (nonagricultmral estab.):f
Total, unadjusted!
- _
thous
58,332
60, 770
61,863
62,141
62, 392
63, 038
61,439
61, 622
62,243
62,928
63, 465
64,563
64,274 ••64,484 '64,855
65, 073
17,274
9, 816
7, 458
18,032
10, 386
7,645
18,477
10, 614
7,863
18,461
10, 627
7,834
18,496
10, 693
7,803
18,473
10, 727
7,746
18,333
10, 707
7,626
18, 518
10, 822
7,696
18,651
10, 921
7,730
18,774
11,039
7, 735
18,906
11, 130
7,776
19,258
11,319
7,939
19, 123 ••19,391 '19,525
11, 213 '•11,249 '11,428
7,910
8,142 ' 8, 097
19,499
11, 441
8,058
634
80
147
291
632
84
142
288
631
84
135
287
633
83
143
284
635
85
144
285
632
84
143
287
621
84
142
284
617
84
142
282
620
84
141
282
590
84
104
281
630
85
141
281
645
88
142
288
645
88
140
290
649
'89
142
••290
'638
632
do
do
do
do
3,050
3,951
756
267
3,181
4,033
735
268
3,460
4,113
3,431
4,104
3,341
4, 092
3,167
4,087
730
274
2,940
4,026
715
274
2,818
4,035
708
273
2,981
4,056
708
273
3,156
4,077
712
269
3,277
4,115
715
268
3, 521
4, 180
3,623
4,171
730
247
'3,641
'4,154
728
255
'3,526
'4,217
720
262
3,445
4,193
do
do
do
do
919
213
706
615
963
230
735
625
999
235
743
635
992
242
743
626
953
241
743
625
961
245
746
623
970
247
751
625
974
251
758
627
990
254
762
628
1,026
1,031
239
742
623
'1,031
202
796
653
12, 160
3, 189
8,971
2,957
8,709
9,596
12,683
3,317
9,366
3,019
9,098
10, 091
12,750
3,370
9,380
3,045
9,235
10, 152
12,852
3,388
9,464
3,038
9,263
10,359
13, 078
3,394
9,684
3,033
9,245
10,472
13, 762
3,415
10,347
3,034
9,245
10,638
12,835
3,371
9,464
3,018
9,176
10, 490
12,738
3,367
9,371
3,024
9,250
10,622
12,826
3,374
9,452
3,043
9,331
10,735
13,015
3,386
9,629
3,056
9,465
10,795
13,061
3,400
9,661
3,070
9,572
10,834
13,239
3,473
9,766
3, 112
9,702
10,906
13,225 13,224 '13,253
3,511 ' 3, 521 '3,498
9,714 ' 9, 703 '9,755
3,148
3,146 ' 3, 108
9, 782 ' 9, 772 '9,706
10, 557 '10,507 '10,882
13, 382
3, 517
9,865
3, 101
9,739
11, 082
do
. _ do
do
do
do
do
do _
do
58,332
17,274
9,816
244
604
406
614
1,233
60,770
18, 032
10,386
226
610
429
627
1,296
61,180
18, 157
10, 508
230
608
431
630
1,309
61,437
18,242
10,550
232
611
433
632
1,292
61,864
18,392
10, 641
234
618
437
635
1,280
62,241
18,492
10,725
232
626
442
642
1,284
62,469
18, 566
10,805
238
638
446
648
1,290
62,811
18, 722
10,911
243
633
448
646
1,295
63,247
18,840
11,007
245
642
451
649
1,300
63,350
18, 923
11, 065
249
633
451
647
1,307
63,517
19,002
11, 122
253
623
456
643
1,315
63,983
19, 167
11,220
257
628
458
641
1,333
64, 072 '64,199 '64,159
19,128 ••19,262 '19,199
11,210 ••11,324 '11,317
257
260
'262
622
621
'609
456
••462
'459
643
637
'634
1,338 '1,351 '1,340
64, 351
19,274
11, 357
266
606
458
Fabricated metal products _
do
Machinery
_ do
Electrical equipment and supplies
do._-
1,189
1,610
1,544
1,268
1,726
1,658
1,279
1,751
1,684
1,287
1,758
1,708
1,304
1,779
1,727
1,310
1,786
1, 751
1,322
1,797
1,773
1,332
1,810
1,805
1,344
1,818
1,824
1,345
1,827
1,860
1,341
1,846
1,877
1,348
1,865
1,904
1,346
••1,360 '1,355
1,888
1,901 '1,904
1,903 .'1,948
1,939
1,358
1,912
1,947
Transportation equipment
do
Instruments and related products. _ do. _
Miscellaneous manufacturing ind
do
1,604
370
1,738
387
1, 769
392
1,772
395
444
428
1,853
412
1,881
415
438
441
443
1,915
428
434
1,887
418
1,888
430
430
1,901
424
425
1,807
401
1,819
406
421
1,795
397
398
'1,910 '1,944
'431
'432
'443
'439
1,948
438
7,458
1,750
90
892
1,302
626
952
879
184
436
348
634
3,050
3,951
12, 160
2,957
8,709
9,596
7,645
1,752
87
921
1,354
640
981
906
182
472
351
632
3, 181
4,033
12,683
3,019
9,098
10, 091
7,649
1,730
84
926
1,359
644
985
914
182
475
350
622
3,168
4,064
12,765
3,036
9,180
10, 188
7,692
1,751
84
929
1,365
646
989
916
182
479
351
627
3,186
4,071
12,809
3,041
9,226
10,235
7,761
1,758
85
7,811
1,762
85
1,370
650
995
919
182
486
353
631
3,234
4,080
12,880
3,045
9,282
10, 320
7,767
1,758
86
939
1,381
654
997
924
182
492
354
633
3,334
4,083
12,941
3,049
9,329
10,380
1,356
657
1,003
927
182
494
357
635
3,318
4,091
13,009
3,052
9,363
10,435
1,384
661
1,007
932
181
496
358
634
3,323
4,105
13,045
3,051
9,410
10, 521
7,833
1,767
86
948
1,386
662
1,009
936
181
500
358
637
3,419
4, 109
13,085
3,064
9,463
10,630
7,858
1,757
86
950
1,396
664
1,017
937
182
506
363
595
3,333
4114
13,128
3,068
9,484
10, 705
7,880
1,748
85
952
1,412
665
1,018
945
183
508
364
628
3,238
4,132
13, 164
3,076
9,515
10,762
7,947
1,760
86
957
1,424
674
1,026
961
183
515
361
632
3,300
4,143
13,217
3,090
9,549
10,885
7,918 >7,938
1,763
'1,765
85
80
'957
955
1,395
1,388
677
679
1,035
1,031
'968
963
184
186
520
518
'357
350
636
636
3,297 '3,251
4,122 ' 4, 105
13,256 13,264
3,100
3,095
9,609 ' 9, 647
10, 929 '10,934
12,781
13,413
7,213
7, 702
104
532
337
494
1,004
96
535
356
504
1,058
13,811
13, 503
7,896
7,794
100
553
364
525
1,071
13,793
13, 567
7,908
7,825
101
547
366
517
1,034
13,811
13, 706
7,959
7,905
103
544
367
514
1,021
13, 769
13, 779
7,980
7,973
101
537
368
505
1,029
13,969
14, 100
8,207
8,226
113
539
371
516
1,080
14, 159
14,201
8,277
8,293
120
568
374
533
1,102
1,005
1,221
1,173
1,268
674
369
255
1,011
1,222
1,196
1,287
688
373
255
1,024
1,236
1,214
1,310
698
386
258
1,024
1,253
1,233
1,320
697
396
259
1,032
1,289
1,256
1,352
690
422
267
1,042
1,299
1,281
1,355
686
430
268
1,061
1,326
1,322
1,363
686
438
277
1,035
1, 324
1,302
1,299
609
452
275
318
5,569
5,711
1,157
78
798
1,158
489
602
1,155
75
823
1,205
498
622
14,074
14, 154
8,277
8,261
117
548
373
521
1,085
473
1,046
1,309
1,291
1,365
692
435
271
351
5,797
5,893
1,093
62
850
1,242
515
646
570
114
88
393
312
14,351
14, 281
8,419
8,328
119
574
380
530
1, 108
1,208
1,140
1,238
660
357
247
13,775
13, 967
8,038
8,123
110
526
367
493
1,053
446
1,026
1,279
1,252
1,338
688
413
264
329
5,737
5,844
1,084
70
836
1,239
507
638
553
110
87
384
316
13,878
14, 048
8, 113
8, 190
112
532
371
502
1,064
1,120
1,037
1, 120
579
339
234
13,617
13,833
7,942
8,033
107
525
366
495
1,039
439
1,019
1,262
1,237
1,316
679
405
261
316
5,675
5,800
1,098
72
830
1,181
507
633
548
110
87
385
311
Manufacturing establishments
Durable goods industries
Nondurable goods industries
Mining, total 9
,
Metal mining
_
Coalmining
Crude petroleum and natural gas
_ _ _ do
do__
do
do
do
do
_ _ do _
Contract construction
Transportation and public utilities 9.
Railroad transportation
Local and interurban passenger transit
Motor freight trans, and storage
Air transportation
Telephone communication
Electric, gas and sanitary services
Wholesale and retail trade
Wholesale trade...
Retail trade
_
Finance, insurance, and real estate _
Services and miscellaneous
Government ._
Total, seasonally adjustedf
Manufacturing establishments
Durable goods industries
Ordnance and accessories
Lumber and wood products
Furniture and
fixtures
Stone , clay, and glass products
Primary metal industries
do
do. _.
do
do
do_
do
Nondurable goods industries
do
Food and Kindred products
do
Tobacco manufactures.
do
Textile mill products
do
Apparel and related products.
do
Paper and allied products
do
Printing, publishing, and allied ind-.do
Chemicals and allied products. ___ do
Petroleum refining and related ind. —do
Rubber and misc. plastics products. .do
Leather and leather products
do
Mining
_
do
Contract construction
do
Transportation and public utilities
do
Wholesale and retail trade
do.
Finance, insurance, and real estate
...do
Services a n d miscellaneous _ _ _ _ _
do
Government _
do
Production workers on mfg. payrolls, unadjusted:!
Total, unadjusted!
thous..
Seasonally adjusted
do
Durable goods industries, unadjusted- .do
Seasonally adjusted
do
Ordnance and accessories
.do
Lumber and wood products
do
Furniture and
fixtures
do
Stone, clay, and glass products
do
Primary metal industries
do. .
Fabricated metal products
do"__
Machinery....
_ _ _ _
do
Electrical equipment and supplies
do
Transportation equipment 9
do_ _ _ _
Motor vehicles and equipment
do
Aircraft and parts
do
Instruments and related products, do.
Miscellaneous mfg. industries
do
Nondurable goods industries, unadj. do__ .
Seasonally adjusted
do
Food and kindred products
do._._
Tobacco manufactures
do _
Textile mill products.
do
Apparel and related products
do
Paper and allied products..
do
Printing, publishing , and allied ind- do___
Chemicals and allied products.
do
Petroleum refining and related ind— -do.___
Petroleum refining.
do
Rubber and misc. plastics products. _do.___
Leather and leather products
do
r
458
914
529
114
90
336
306
477
982
337
545
112
88
367
308
740
270
480
361
5,915
5,709
1,274
89
834
1,232
508
628
550
115
89
375
310
735
272
1,004
237
740
627
448
371
5,885
5,742
1,242
89
837
1,231
506
633
546
114
88
378
308
727
271
1,000
435
7,751
1,776
85
935
432
369
5,852
5,801
1,204
78
839
1,230
509
636
546
112
88
384
312
Revised.
* Preliminary.
t Beginning in the Sept. 1966 issue of the SURVEY, data for employment, hours, earnings,
and labor turnover reflect adjustment to Mar. 1965 benchmarks; they are not strictly comparable with previously published figures. Details of the adjustment appear in the BLS
Sept. 1966 Employment and Earnings report; comparable earlier data will appear in the
434
350
5,789
5,806
1,146
79
836
1,222
511
638
547
111
88
387
313
942
945
456
336
5,765
5,858
1,087
66
842
1,246
510
640
561
110
87
388
315
468
344
5,762
5,874
1,086
64
846
1,226
514
645
568
112
88
391
311
260
778
644
443
487
358
5,932
5,953
1,152
63
862
1,258
530
653
580
117
90
400
318
216
792
652
439
490
344
5,882
5,908
1,200
62
844
1,198
528
653
578
118
90
395
306
728
••246
88
143
281
1,047
262
787
642
'7,882
' 1, 738
'79
'951
'1,389
671
' 1, 034
'964
183
518
'355
'629
'3,229
' 4, 167
'13,268
'3,099
'9,648
'10,920
'14,417 '14,579
'14,330 '14,266
'8,304 '8,498
'8,395 '8,392
123
127
570
'553
'388
'387
533
'526
' 1, 100 ' 1, 094
'482
476
'1,058 ' 1, 070
1,325
1,333
1,345
1,366
'1,215 ' 1,392
' 519 '690
458
' 470
279
280
'367
'371
' 6,113 '6,081
' 5, 935 '5,874
'1,291 '1,284
'76
'82
'862
'855
'1,265 '1,256
534
528
'658
'660
'584
'578
118
'116
90
'89
'406
410
' 320
'313
634
1,350
440
7,917
1,744
76
949
1,403
676
1,038
969
183
523
356
626
3,199
4,160
13, 337
3,104
9,700
10, 951
14, 555
14, 330
8,511
8,427
130
540
386
518
1,084
1,072
1,335
1,374
1,414
704
477
283
376
6,044
5,903
1,236
80
853
1,264
531
662
577
115
89
414
312
forthcoming BLS Bulletin 1312-4, Employment and Earnings Statistics for the United States
1909-66 (Oct. 1966), to be available from the Superintendent of Documents, Government
Printing Oflice, Washington, D.C. 20402.
9 Includes data for industries not shown separately.
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
| 1965
Annual
November 1966
1966
1965
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.*
EMPLOYMENT AND POPULATION-^Continued
EMPLOYMENT— Continued
Miscellaneous employment data:
Federal civilian employees (executive branch):
United States
thous
Wash , D C., metropolitan area
do
Railroad employees (class I railroads):©
Total
__do__
Index, seasonally adjusted
1957-59= 100. _
2,317
244
2,347
251
2,341
251
2,352
251
2,371
253
1 2, 512
1254
2,375
251
2,400
252
2,429
255
2,462
256
2,482
258
2, 560
274
2,604
277
2,608
276
2,556
269
683
75.8
652
73.4
656
74.3
652
74.6
644
75.1
645
75.5
633
70.3
631
70.6
'629
71.3
636
71.8
639
71.6
P651
'72.2
'72.7
"652
*>73.0
P644
*>73.2
639
P73.4
132.4
124.3
93 1
144.3
136.3
97.0
159.5
140.8
97.7
164.1
141.8
99.8
150.1
142.9
98.0
145.2
144.3
100.0
131.4
141.3
97.5
125.4
143.8
96.5
137.9
145.3
97.7
145.1
146.8
87.4
152.6
149.0
102.5
171. 1
152.5
106.5
180.3 ' 180. 8 ' 177. 7
148.6 ' 151. 9 ' 156. 8
105.2 ' 106. 2 ' 105. 5
173.3
156.8
106. 3
40.7
41.2
3.1
41. 4-
3.6
42.0
41.3
41.2
3.9
42.1
42.1
41.4
41.4
3.9
42.2
42.2
41.7
41.3
4.0
42.6
42.2
41.2
41.4
3.7
42.1
42.4
41.3
41.5
3.8
42.2
42.4
4.2
41.4
41.5
3.9
42.2
42.3
4.2
41.2
41.5
3.9
42.2
42.3
4.3
41.5
41.5
4.0
42.3
42.2
4.4
41.6
41.3
4.0
42.3
42.0
4.4
41.0
41.0
3.8
41.6
41.8
4.1
41.4
41.4
4.0
42.0
42.1
4.3
'41.5
'41.5
'4.2
42.3
42.3
4.6
41.4
41.3
4.1
42.3
42.3
4.5
INDEXES OF WEEKLY PAYROLLSf
Construction (construction workers) f_ 1957-59 =100__
Manufacturing (production workers) t do_ _.
Mining (production workers) t
- do
HOURS AND EARNINGSf
Average weekly gross hours per production worker
on payrolls of nonagric. estab., unadjusted:!
All manufacturing estab. , unadj . t - - hours
Seasonally adjusted.
__do
Average overtime
do
Durable goods industries
do
Seasonally adjusted
do
Average overtime
do —
3.3
3.9
41.0
41.0
3.8
41.7
41.7
4.0
Ordnance and accessories
do
Lumber and wood products
_do__._
Furniture and
fixtures
_
do__
Stone, clay, and glass products. __ . __do
Primary metal industries
do
Blast furnaces, steel and rolling mills. .do
40.5
40.4
41.2
41.7
41.8
41.1
41.9
40.8
41.5
42.0
42.1
41.0
41.9
41.0
41.7
42.3
41.7
39.9
42.5
41.4
42.2
42.3
40.9
38.2
42.4
40.8
42.0
42. 3
40.7
37.8
43.0
41.2
42.7
42.2
41.4
38.5
42.7
40.9
41.0
41.6
41.9
40.1
42.3
40.4
41.2
41.4
42.0
40.3
41.9
40.6
41.5
42.1
42.1
40.6
42.1
41.1
40.9
42.1
42.3
41.2
42.3
41.7
41.4
42.3
42.4
41.2
42.2
41.2
41.8
42.5
42.4
41.3
42.1
40.9
40.7
42.0
41.6
41.1
'42.0
'40.9
'42.2
'42.4
42.1
40.9
'42.4
'40.7
'41.8
'42.2
'42.5
41.2
42.8
40.8
42.0
42.1
42.2
Fabricated metal products
Machinery
_: .
Electrical equipment and supplies
do
do
_ do
41.7
42. 4
40.5
42.1
43.1
41.0
41.9
42.8
40.8
42.5
43.3
41.2
42.4
43.4
41.4
42.6
44.2
42.0
42.0
43.7
41.3
42.2
44.0
41.4
42.2
44.1
41.2
42.1
43.8
41.1
42.6
44.1
41.3
42.7
44.1
41.3
41.9
43.1
40.5
42.4
43.5
41.1
'42.8
43.9
'41.4
42.6
43.7
41.4
Transportation equipment $ ._
Motor vehicles and equipment
Aircraft and parts
Instruments and related products
Miscellaneous mfg. industries
do
do__
do
do
. do_
42.1
43.0
41.4
40.8
39.6
42.9
44.2
42.0
41.4
39.9
41.8
42.3
41.5
41.6
40.0
43.4
44.7
42.3
41.9
40.4
43.8
45.4
43.1
42.0
40.4
44.1
45.3
43.7
42.0
40.5
43.3
43.7
44.0
42.0
39.6
42.9
43.2
43.6
42.2
40.2
42.7
42.9
43.4
42.2
40.4
43.0
43.7
42.9
41.9
39.7
42.4
42.0
43.6
42.3
40.1
42.5
42.3
43.4
42.2
40.1
41.8
41.3
43.1
41.6
39.2
42.1
'41.6
'43.4
'41.7
'40.1
'42.7
'43.0
'43.4
'42.2
'40.0
42.9
43.3
43.3
42.3
40.2
40.3
'40.5 ' 40. 3
40.3
39.9
40.5
40.3
40.2
40.2
40.4
39.8
40.3
40.2
40.2
40.1
39.7
Nondurable goods industries, unadj
do
40.2
40.3
40.3
40.3
40.1 '40.2 '' 40. 2
40.5
40.4
40.2
40.2
40.3
40.1
40.1
Seasonally adjusted
do
3.5
3.5
'3.7
3.4
3.5
3.3
3.3
3.5
3.3
3.4
3.4
3.1
2.9
3.2
3.5
3.4
Average overtime
do
40.9
'41.5 '41.8
41.0
41.2
40.4
40.5
41.9
40.8
41.4
40.7
41.1
41.3
41.4
41.0
41.4
Food and kindred products
do
'39.8
38.7
38.3
'38.1
38.5
39.6
38.3
38.1
37.6
37.9
37.9
39.0
38.1
39.5
39.2
38.8
Tobacco manufactures
do__
41.7
42.2
42.6
41.4
41.5 '42.1 '41.9
42.3
42.3
41.8
42.3
42.3
41.8
41.6
42.1
41.0
Textile mill products _
_ _ __do_.
36.9 '35.7
36.8
36.5
36.9
36.1
36.7
36.6
36.3
36.1
35.7
36.4
35.9
36.4
36.2
36.3
Apparel and related products
do
43.5
43.6 '43.7
43.6
43.7
43.3
43.2
43.5
43.1
42.9
43.6
43.8
43.1
43.3
43.7
42.8
Paper and allied products
do —
39.2
39.1
38.9
38.8
38.6
38.5
38.8
38.8 '39.0
39.2
38.9
38.5
38.1
38.6
38.5
38.6
Printing, publishing, and allied ind
do
42.1
41.9
'42.1
42.2
42.2
41.9
42.0
42.4
42.0
42.1
41.7
41.9
42.2
42.0
41.6
41.8
Chemicals and allied products _
do_ _
42.4
42.1 '42.9
41.9
42.6
42.7
42.8
41.6
41.9
43.0
41.7
43.5
42.2
42.2
42.5
41.8
Petroleum refining and related ind
do
41.5 '42.1
41.9
42.1
41.9
42.6
42.7
41.6
42.4
41.8
41.9
42.0
41.7
42.8
41.4
41.8
Petroleum refining
do
'42.2
42.3
41.9
41.9
42.0
42.1
42.1
42.
0
41.3
42.2
42.4
42.8
42.0
42.0
41.3
42.4
Rubber and misc. plastics products _ do
38.2
39.2
39.1 '37.8
38.6
37.8
39.2
38.5
39.0
39.2
38.8
38.2
37.9
38.2
37.8
37.8
Leather and leather products
_ _ _ do
Nonmanufacturing establishments :f
43.5
42.9
43.4
42.1
41.4
42.6
42.9
42.3
43.1 ' 43. 0 '43.0
41.9
42.3
41.8
42.4
42.8
Mining 9
do
42.4
42.2
42.7
41.6
42.5
41.6
42.1
42.7 '42.2
41.8
41.6
41.9
41.2
41.4
41.5
Metal mining
do
'40.8
40.8
41.5
41.8
41.1
32.8
40.7
41.3
40.7
37.4
39.9
39.1
41.4
39.0
Coal mining
do
42.4
42.6
42.7
43.0
42.8
42.4
43.0
42.7
43.1 '42.6
42.5
42.2
42.5
42.4
42.0
Crude petroleum and natural gas
do
38.3
38. 5
38.4
36.9
37.0
38.3
36.4
37.7
36.5
37.1
39.0
36.4
38.3
37.2
37.4
37.0
Contract construction
_ _ _
_ do
36.8
36.7
35.7
36.6
35.8
35.6
36.8
35.6
36.4
37.1
35.6
35.1
36.1
36.7
General building contractors
do_
35.8
'42.2
42.3
39.5
40.1
42.5
38.2
40.9
38.9
39.3
43.4
39.6
42.6
40.3
40.8
40.8
Heavy construction
do
37.6
37.7
36.4
36.8
37.5
37.1
36.9
36/1
36.3
38.1
35.9
36.5
37.4
36.6
Special trade contractors.
do. _ _ .
36.8
Transportation and public utilities:
'42.4
42.0
43.0
42.2
43.0
41.9
42.2
41.7
41.8
42.6
42.0
42.1
42.3
42.5
42.0
Local and suburban transportation
do
43.2
43.1
42.0
43.1
41.7
42.0
41.6
42.3
42.7
42.9
42.5
43.2
43.1
42.5
Motor freight transportation and storage. do_ _ . _
41.9
'40.7
41.0
40.1
40.3
40.7
40.3
39.9
40.5
40.6
41.2
42.0
40.4
41.3
40.9
Telephone communication.
do
40.2
41.5
41.4
41.1
41.2
41.2
41.6
41.0
41.6
42.1
41.5
41.4
41.8
41.7
41.7
41.2
Electric gas and sanitary services
do
36.7
37.9 '37.0
37.3
36.9
36.9
36.9
37.1
37.0
37.4
37.7
38.0
37.1
37.5
37.7
37.9
Wholesale and retail trade do
40.7
40.7
40.7
40.6
40.7
40.8
41.2
40.7
41.1 '40.8 '40.7
40.9
40.8
40.8
40.8
40.6
Wholesale trade
do
35.4
36.9
'35.8
35.6
36.2
35.7
35.9
35.7
35.8
36.6
36.2
35.9
36.9
36.6
36.5
37.0
Retail trade
_
_.•
do
Services and miscellaneous:
36.8
37.4
37.3
37.1
37.4
37.5
37.4
37.3
37.4
37.9
37.9
37.7
38.1 '38.0
H8.4
Hotels, tourist courts, and motels
do
38.2
38.2
38.4
38.6
38.0
38.1
38.1
38. 0
38.2 , 38.5
38.8
38.6
38. 8
38.6
Laundries, cleaning and dyeing plants. _ . do
38.7
Average weekly gross earnings per production
worker on payrolls of nonagric. estab. :f
107. 53 107. 83 109.03 109.71 110.92 110. 00 110. 27 110.95 111.24 112. 05 112. 74 111.11 111. 78 '113. 71 113. 85
All manufacturing establishments t
- dollars. _ 102.97
112. 19
117. 18 117. 18 118. 72 119. 43 120. 98 119. 99 120. 69 120.69 121. 54 121. 82 121. 82 119. 81 120. 54 '123.94 124. 36
Durable goods industries
_do
122. 72
131. 57 131.99 134. 73 134. 41 138. 03 136.21 134.09 132. 82 133. 46 134. 51 134.20 133. 88 '134.82 ' 136. 95 138. 67
Ordnance and accessories
, ^ ^do^ .
93.66 '94.07 ' 94. 83 95.06
93.94
89.82
88.75 88.88 88.91 92.48 94.66
88.54 91.02
91.91 90.17
85.24
Lumber and wood products
do
89.13 ' 93. 26 ' 93. 21 94.08
90.67 91. 96
90.73 90.72 92.23 88.15 88.58 90.06 88.75
87.98 89.66
Furniture and
fixtures
do
84.46
113.
82 '115.75 '116.05 116. 20
114.09
114.
63
115.
60
110.04 112. 10 112. 94 112. 94 112. 25 110. 66 110. 54 112. 83
105. 50
Stone, clay, and glass products
do
133.88 133.44 130.06 129. 43 132. 48 135.34 136. 08 136. 83 138. 74 139.07 139. 50 136.86 '138.09 '141.10 140. 10
130.00
Primary metal industries _ _ _ _
_ do_
116.20 116. 48 118. 58 118. 72 119. 71 118. 02 119.00 119.85 119. 99 121. 84 121.70 119. 42 121. 26 '124.55 123.97
Fabricated metal products __
..do
111. 76
121. 69
Machinery
do
127. 58 127. 12 129. 47 130. 20 133. 48 132. 41 133. 76 134.95 134. 03 135. 83 135. 83 131. 89 '133.55 '136.53 136. 34
105. 78 105. 67 107. 12 107. 64 110.04 107. 79 108. 05 107.53 107. 68 108.62 108. 62 106. 11 107. 68 '110.12 110. 54
Electrical equipment and supplies _ _ _ d o
101. 66
Transportation equipment
do
130.09
137.71 135. 01 141. 48 144.54 145.53 142. 46 140. 71 140. 06 141. 47 139. 07 140. 25 137. 94 '139.35 '145.18 146. 29
Instruments and related products
-do___. 103. 63 108. 47 108.99 110. 20 110. 88 111.72 111. 72 112. 67 113. 10 112.71 113. 79 113. 94 111. 90 '112.17 '114.78 115. 48
86.24 ' 88. 22 ' 89. 20 90.45
88.62
88.62
88.84 . 89. 28 87.74
87.52
87.48
86.46
Miscellaneous mfe. industries
do
85.39 85.20 86.46
82.37
more annual railway operating revenues). The index (back to 1963) has been adjusted for
' Revised.
* Preliminary.
1
comparability, whereas the number of employees has not.
Includes Post Office employees hired for the Christmas season; there were about 140,000
t See corresponding note, bottom p. S-13.
9 Includes data for industries not shown
such employees in the United States in Dec. 1965.
separately.
© Effective Jan. 1965, data reflect change in definition of class I railroads (to $5 million or
November 1966
S-15
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
Annual
1966
1965
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
•
Aug.
Sept.
Oct."
' 99. 54
'104.92
' 83. 18
'83.80
' 67. 83
' 121. 92
125. 44
'127.14
'147.15
' 113. 94
' 74. 09
99.94
103. 32
82.04
83.40
71.02
121. 37
124. 73
127. 56
144. 58
114. 21
75.25
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS!— Continued
Average weekly gross earnings per production
worker on payrolls of nonagric. estab.f— Con.
All manufacturing establishments f— Continued
Nondurable goods industries. _ _
dollars
Food and kindred products
__do
Tobacco manufactures
do
Textile mill products
do
Apparel and related products _ .. _
do
Paper and allied products
___do
Printing, publishing, and allied ind _—_do
Chemicals and allied products.
do
Petroleum refining and related ind
do
Rubber and misc. plastics products
do
Leather and leather products
do
Nonmanufacturing establishments:!
Mining 9 _ _
do
Metal mining
do
Coal mining
do
Crude petroleum and natural gas
do
Contract construction
do
General building contractors
do
Heavy construction..-.
do
Special trade contractors
do
Transportation and public utilities:
Local and suburban transportation
do
Motor freight transportation and storage do
Telephone coTnmuTiicatiftn
do
Electric, gas, and sanitary services
do
Wholesale and retail trade
___ _ do
Wholesale trade..
do
Retail trade
do
Finance, insurance, and real estate:
Banking
do
Insurance carriers
do
Services and miscellaneous:
Hotels, tourist courts, and motels
do
Laundries, cleaning and dyeing; plants _ ..do _ _ _ _
Average hourly gross earnings per production
worker on payrolls of nonagric. estab.:f
All manufacturing establishments t
dollarsExcluding overtimed*
do
Durable goods industries
do
Excluding overtimed*
do
Ordnance and accessories
do
Lumber and wood products
do
Furniture and
fixtures
do
Stone, clay, and glass products.
do
Primary metal industries
do
Blast furnaces, steel and rolling mills, .do. _ _ .
Fabricated metal products. _ _
do. _ _ _
Machinery
_.._
do
Electrical equipment and supplies. _ do
Transportation equipment 9
do
Motor vehicles and equipment
do
Aircraft and parts
do
Instruments and related products
do
Miscellaneous mfg. industries...
do
Nondurable goods industries
do
Excluding overtimed1
.do
Food and kindred products
_•
do
Tobacco manufactures __
do
Textile mill products
do
Apparel and related products
do
Paper and allied products
do
Printing, publishing, and allied ind
do
Chemicals and allied products
do
Petroleum refining and related ind _ _ . do
Petroleum refining.. _ „
do
Rubber and misc. plastics products. _ do
Leather and leather products
do
Nonmanufacturing establishments:!
Mining9_.
_ __
do
Metal mining
do
Coalmining
do
Crude petroleum and natural gas
do
Contract construction.do
General building contractors
do
Heavy construction
do
Special trade contractors
do
Transportation and public utilities:
Local and suburban transportation
do
Motor freigh t transp orta tion an d st orage d o
Telephone communication
do
Electric, gas, and sanitary services
do
Wholesale and retail trade, _ _
do
Wholesale trade ..__
do
,
Retail trade
„_
do
Services and miscellaneous:
Hotels, tourist courts, and motels
do
Laundries, cleaning and dyeing plants do
r
Revised.
* Preliminary,
t See corresponding note, bottom p. S-13.
90.91
97.17
75.66
73.39
64.26
109.57
114.35
116.48
133. 76
104. 90
68.98
94.64
99.87
79.21
78.17
66.61
114. 22
118. 12
121. 09
138. 42
109. 62
71.82
95.68
100. 60
78. 21
78.62
67.33
116. 48
120. 59
123. 65
143. 12
110. 46
71.82
95.68
100. 19
77.22
79.99
67.52
117. 12
119. 66
122. 06
141. 10
112. 36
71.82
96.32
100. 77
79.97
80.79
67.70
116. 85
118. 97
123. 06
143. 06
111.94
72.96
96.96
102. 26
82.68
80.79
67.15
117. 82
122. 30
123. 35
140. 95
113. 42
74.87
95.52
101. 34
82.30
79.84
66.05
115. 83
117. 73
122. 18
141. 62
111.41
74.11
96.88
101. 59
87.91
81.22
68.81
116. 37
119.74
123. 19
140. 61
111. 14
75.26
96.88
101. 66
84.64
81.22
69.37
117. 34
121. 06
122.64
141. 62
110. 46
73.92
96.96
102. 21
86.49
79.90
67.51
117. 50
120. 82
124. 66
145. 69
110. 62
73. 33
98.33
103. 89
86.94
81.45
68.26
119. 03
122. 22
124. 49
145. 61
111. 57
74.88
99.23
104. 24
88.55
84.35
68. 63
120. 18
122. 54
125. 76
145. 95
111. 30
76.05
99. 14
105. 59
87.23
81.76
67. 88
120. 50
121.83
126. 00
147.06
110.27
74.49
' 99. 23
'103.34
'82.68
'83.36
70.11
' 120. 77
r 122. 85
125. 70
'142.72
'111.04
' 75. 85
117. 74
122. 54
126. 88
112. 63
132. 06
122. 79
131. 78
138. 35
123. 52
127. 30
137. 45
116. 18
138. 01
128. 16
137. 90
144. 99
124.23
131. 57
135. 29
116. 47
138. 75
128. 16
139.44
146. 00
126. 26
130. 31
143. 24
115.92
144. 39
132. 49
149. 53
149. 97
123. 73
128. 96
129. 78
118. 15
136. 50
126. 71
136. 22
143. 24
127. 41
131. 67
143. 31
119. 97
139. 87
132. 13
132. 65
148. 34
126. 48
132. 19
142. 04
121. 27
138. 34
129. 23
133. 23
146.21
126. 30
130. 62
142. 45
120. 42
139. 05
130. 30
131. 41
147. 38
127. 37
129 79
143. 44
121.69
143. 26
134. 32
139. 47
150.26
121. 72
133. 88
111. 52
122. 41
140. 59
131. 74
137. 94
148. 15
130.85
132. 51
152. 31
121. 84
141. 71
132. 09
137. 07
150. 88
132. 80
134. 93
153.41
121. 70
146. 69
135.05
150. 45
153. 38
131. 46
135.79
145. 70
123. 70
150. 15
137.27
154. 07
156.59
' 131. 58 ' 133. 73 136. 16
'134.62 136. 53
'149.33 150. 96
'121.84 123. 38
'149.38 '152. 05 152. 46
'138.00 140. 56
'152.34 156. 51
'155.70 157. 92
104. 16
124. 02
105. 32
125. 25
74.28
102. 31
64.75
108. 20
130. 48
109. 08
131. 24
76. 53
106. 49
66.61
109. 56
133. 92
112. 75
133.86
77.25
106.90
67.16
110. 50
133. 61
111.66
134.69
77.42
107.57
67. 33
109. 20
131. 75
115. 50
135. 43
77.17
108. 12
66.77
109. 30
132. 80
112. 59
134.05
77.29
109. 59
67.71
108. 42
128. 96
110. 12
135. 20
77.54
108.53
67.49
109. 10
132. 40
112. 87
135.62
77.70
109. 08
67. 30
109. 36
131. 88
111. 63
133. 25
77.86
109.48
67. 12
111. 83
131.36
111.08
133. 99
78. 23
110. 43
67. 47
113. 52
133. 14
111. 63
135. 14
78.60
111. 11
67.64
113.52
137. 06
113.15
134. 72
79.45
110. 70
69.14
114. 59 '113.63 112. 56
136. 42 136. 63 139. 10
114.12 ' 112. 33 114. 39
139.35 136.54 137. 86
80.94 80.73 '79.55 79.64
112.20 111.38 '111.93 112.33
70.48 70. 11 '69.09 68.68
76.67
92.01
79.24
95.86
79.18
95. 98
80.35
96.61
80.35
96.87
80.35
97. 61
82. 28
98.21
81.47
99.22
81.84
98.85
82.21
98.85
82.21
98.69
81. 18
99.06
82.43 82.21
99.80 '99.32
82.14
99. 70
49.54
55.73
51.17
58.98
51.65
59.06
52.30
60.14
51.99
58.83
52.73
59.68
52.36
59.44
52. 59
58.90
52.13
59.82
52.36
60.04
52.97
61.44
52. 68
62.15
53.72
61.76
' 53. 58
' 60. 74
53. 73
61.88
2.53
2.44
2.71
2.60
3.03
2.11
2.05
2.53
3.11
3.41
2.68
2.87
2.51
3.09
3.21
3.02
2.54
2.08
2.29
2.21
2.37
1.95
1.79
1.79
2.56
2.97
2.80
3.20
3.37
2.54
1.82
2.61
2.50
2.79
2.67
3.14
2.17
2. 12
2.62
3.18
3.46
2.76
2.96
2.58
3.21
3.34
3.14
2.62
2.14
2.36
2.27
2.43
2.09
1.87
1.83
2. 65
3.06
2.89
3.28
3.47
2.61
1.88
2.63
2.51
2.81
2.68
3.15
2.22
2.15
2.65
3.20
3.49
2.78
2.97
2.59
3.23
3.36
3.15
2.62
2.13
2.38
2.29
2.43
1.98
1.89
1.86
2.69
3.10
2.93
3.29
3.48
2.63
1.90
2.64
2.52
2.82
2.68
3.17
2.22
2.15
2.67
3.18
3.47
2.79
2.99
2.60
3.26
3.39
3.18
2.63
2.14
2.38
2.28
2.42
1.97
1.90
1.86
2.68
3.10
2.92
3.32
3.52
2.65
1.90
2.65
2.53
2.83
2.69
3.17
2.21
2.16
2.67
3. 18
3.47
2.80
3.00
2.60
3.30
3.44
3.21
2.64
2.14
2.39
2.29
2.44
2.11
1.91
1.86
2.68
3.09
2.93
3.39
3.59
2.64
1.91
2.66
2.54
2.84
2.70
3.21
2.18
2.16
2.66
3.20
3.50
2.81
3.02
2.62
3.30
3.43
3.24
2.66
2.16
2.40
2.31
2.47
2.12
1.91
1.86
2.69
3.12
2.93
3.38
3.57
2.65
1.91
2.67
2.56
2.85
2.72
3.19
2.17
2.15
2.66
3.23
3.53
2.81
3.03
2.61
3.29
3.39
3.25
2.66
2.21
2.40
2.31
2.49
2.16
1.91
1.85
2.70
3.09
2.93
3.38
3.55
2.64
1.91
2.67
2.56
2.86
2.72
3.17
2.20
2.15
2.67
3.54
2.82
3.04
2.61
3.28
3.38
3.26
2.67
2.21
2.41
2.31
2.49
2.22
1.92
1.88
2.70
3.11
2.94
3.38
3.56
2.64
1.92
2.68
2.56
2.86
2.72
3.17
2.19
2.17
2.68
3.25
3.56
2.84
3.06
2.61
3.28
3.37
3.26
2.68
2.21
2.41
2.32
2.51
2.21
1.92
1.88
2.71
3. 12
2.92
3.38
3.57
2.63
1.92
2.70
2.58
2.88
2.74
3.17
2.25
2.17
2.71
3.28
3.59
2.85
3.06
2.62
3.29
3.41
3.25
2.69
2.21
2.43
2.33
2.53
2.27
1.93
1.87
2.72
3.13
2.94
3.42
3.62
2.64
1.94
2. 70
2.58
2.88
2.74
3.18
2.27
2.19
2.71
3.28
3.59
2.86
3.08
2.63
3.28
3.37
3.29
2.69
2.21
2.44
2.34
2.54
2.27
1.93
1.87
2.73
3.15
2.95
3.41
3.61
2.65
1.94
2.71
2.58
2.88
2.74
3.18
2.28
2.20
2.72
3.29
3.60
2.85
3.08
2.63
3.30
3.39
3.30
2.70
2.21
2.45
2.34
2.53
2.30
1.98
1.87
2.75
3.15
2.98
3.41
3.62
2.65
1.94
2.71
2.59
2.88
2.74
3.18
2.29
2.19
2.71
3.29
3.61
2.85
3.06
2.62
3.30
3.40
3.30
2.69
2.20
2.46
2.35
2.52
2.32
1.97
1.87
2.77
3.14
3.00
3.42
3.63
2.67
1.91
2.70
2.57
2.87
2.73
' 3. 21
2.30
2.21
'2.73
'3.28
3.59
2.86
' 3. 07
2.62
'3.31
'3.42
'3.32
2.69
2.20
2.45
'2.34
2.49
2.17
1.98
1.90
'2.77
3.15
3.00
'3.39
'3.58
'2.65
'1.94
2. 74
'2.61
'2.93
' 2. 78
'3.23
'2.33
2.23
'2.75
'3.32
3.61
'2.91
'3.11
'2. 66
'3.40
'3.54
'3. 34
'2.72
2.23
2.47
'2.37
'2.51
'2.09
' 2. 00
1.90
2.79
3.20
'3.02
'3.43
'3.62
2.70
'1.96
2.81
2.96
3.26
2.65
3.55
3.43
3.23
3.78
2.92
3.06
3.45
2.74
3.69
3.55
3.38
3.94
2.93
3.14
3.46
2.76
3.75
3.60
3.46
4.00
2.95
3.14
3.46
2.76
3.77
3.61
3.51
4.01
2.96
3.13
3.47
2.78
3.75
3.61
3.44
3.99
2.97
3. 15
3.47
2.79
3.77
3.63
3.41
4.02
2.99
3.14
3.49
2.84
3.79
3. 63
3.39
4.05
3.00
3.14
3.50
2.84
3.82
3.66
3.44
4.06
2.99
3.12
3.49
2.83
3.80
3.65
3.41
4.05
2.94
3.15
3.40
2.86
3.81
3.68
3.44
4.07
3.05
3.14
3.67
2.86
3.83
3.70
3.47
4.10
3.06
3.16
3.67
2.85
3.83
3.69
3.54
4.09
3.05
3,18
2.87
3.85
3.70
3.55
4.11
3.06
'3.19
3.66
2.86
'3.89
'3.75
3.61
'4.13
'3.11
3.22
3.70
2.91
'3.97
3.83
3.70
4.20
2.48
2.96
2.62
3.04
1.96
2.52
1.75
2.57
3.07
2.70
3.17
2.03
2.61
1.82
2.59
3.10
2.73
3.21
2.06
2.62
1.84
2.60
3.10
2.73
3.23
2.07
2.63
1.86
2.60
3.10
2.75
3.24
2.08
2.65
1.86
2.59
3.11
2.78
3.23
2.05
2.66
1.85
2.60
3.10
2.76
3.25
2.09
2.66
1.88
2.61
3.13
2.78
3.26
2.10
2.68
1.88
2.61
3.14
2.77
3.25
2.11
2.69
1.88
2.65
3.15
2.77
3.26
2.12
2.72
1.89
2.64
3.17
2.77
3.28
2.13
2.73
1.90
2.64
3.18
2.78
3.27
2.13
2.72
1.91
2.69
3.18
2.77
3.31
2.13
2.73
1.91
2.68
3.17
2.76
3.29
2.13
'2.73
1.90
2.68
3.22
2.79
3.33
'2.15
2.75
1.93
1.29
1.44
1. 35
1.52
1.37
1.53
1.38
1.55
1.39
1.54
1.46
1.42
1.41
1.41
1.42
1.41
1.41
1.40
1.40
1.39
1.60 ' 1. 59 1.62
1.61
1.56
1.58
1.60
1.55
1.55
1.57
d*D erived b y assum] ng that overtime hours sire paid at the nite of tirae and o ne-half.
9 In eludes d{ita for in iustries ilot showii separately.
a 24
2.75
2.62
2.94
2.79
3.24
2.33
2.24
2.76
3.32
2.91
3.12
2.67
3.41
3.56
3.34
2.73
2.25
2.48
2.37
2.52
2.12
2.00
1.93
2,79
3.19
3.03
3.41
3.59
2.70
1.97
3.13
3.96
2.17
2.76
1.94
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
November 1966
1966
1965
Annual
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
May
Apr.
June
July
Aug.
Sept.
Oct.
EMPLOYMENT AND POPULATION—Continued
HOURS AND E ARNINGS-Contiimed
Miscellaneous wages:
Construction wages, 20 cities (ENR): §
Common labor.
__
... $perhr__
Skilled labor
.
do
Farm without board or rm., 1st of mo
do
Railroad wages (average, class I)
do
LABOR CONDITIONS
Help-wanted advertising, seas. adj._ 1957-59 =100.
Labor turnover in manufacturing estab.: f
Accession rate total mo. rate per 100 employees
Seasonally adjusted
- - do
New hires
—
do_ _ _
Separation rate total
do
Seasonally adjusted
do
Quit
do. .
Layoff
do
Seasonally adjusted
do
Industrial disputes (strikes and lockouts) :
Beginning in period:
Work stoppages
_number. _
Workers involved
thous
In effect during month:
Work stoppages
-- - _ .number. _
Workers involved
. thous__
Man-days idle during period
do
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
Nonfarm placements
_ _ _ thous
Unemployment insurance programs:
Insured unemployment all programs©
do
State programs:
Initial claims
__
do.
Insured unemployment, weekly avg do
Percent of covered employment:^
Unadjusted
Seasonally adjusted
Beneficiaries weekly average
thous
Benefits paid
mil $
Federal employees, insured unemployment,
weekly average.
.-..
thous.
Veterans' program (UCX) :
Initial claims
do
Beneficiaries weekly average
do
Benefits paid
mil. $
Railroad program:
Applications
thous
Insured unemployment weekly avg do
Benefits paid
mil. $
3.242
4.733
1.08
2.850
1
3.415
4.951
1 14
3. 008
3.486
5. 029
3.009
3.486
5.056
1 09
3.014
3.486
5.041
3.495
5.055
3.017
2 995
3.496
5 064
1 24
3 090
3.520
5.087
3.520
5.097
3 134
3. 049
3. 533
5.108
1.28
3.083
3.567
5.141
3.644
5. 213
3.083
3.678
5.238
1.26
3.693
5.273
3.703
5.294
123
155
160
168
181
186
184
191
201
189
185
184
186
189
189
4.0
43
2.6
3.9
3.1
41
3.9
4.9
2.9
39
4.0
1.7
1.5
1.3
3.1
48
2.2
41
4.3
1.4
1.9
14
46
49
3.2
40
41
1.9
1.3
12
42
4.9
3.1
36
4.4
1.8
1.0
12
49
5.2
3.7
41
46
2.3
1.0
12
46
4.8
3.6
43
4.7
2.5
1.0
1.2
5.1
5.1
4.1
4.3
4.7
2.5
.9
1.1
67
5.3
5.6
44
4.9
2. 5
1.0
1.3
51
4.6
3.9
5.3
5.0
2.5
2.0
1.7
p 5:8
P4.7
1.9
1.4
4.5
4.5
3.5
44
4.1
2.2
1.4
1.3
'6.4
»-5. 1
'4.8
1.5
1.7
5.5
4.5
4.0
57
4.4
3.5
1.3
1.4
'4.8
3.6
1.1
1.0
*>4.6
»6. 5
2>5.0
M.4
pi. 1
» 1.2
3,963
1 550
345
155
321
101
289
140
158
24
205
101
240
107
310
198
350
228
480
208
430
150
420
235
440
108
380
117
22 900
23 300
631
250
2 110
570
505
192
209
1 770 1 380
371
76
907
335
127
1,000
380
142
865
450
236
1 350
500
379
2,450
640
294
2,870
660
243
1,950
660
299
2,980
700
331
3,420
620
221
1,950
6 281
6, 473
644
611
531
462
452
460
547
533
568
622
549
619
619
1 725
1 419
1 030
982
1 104
1 386
1 736
1 678
1 381
1 112
916
841
1 001
9«0
802
13,938
1 605
12, 047
1 328
760
981
791
933
1,004
1,042
1,285
1,308
1,399
1 644
985
1,590
769
1,301
693
1,044
665
862
690
793
1,019
947
826
928
626
755
3.8
3.0
1 373
2 522
1 131
2 166
2.2
2.9
834
138 6
2.0
2.7
745
117 8
2.3
2.7
794
132 2
3.0
2.7
990
172.1
3.7
2.7
1,330
212 7
3.6
2.6
1,413
217.2
2.9
2.3
1,272
225 5
2.3
2.1
931
155.5
1.9
2.1
806
126.1
1.8
2.1
702
114. 4
2.1
2.4
719
113 8
2.0
2.4
791
143.1
1.6
2.2
640
106.5
3,655
1 640
r 5 8
30
25
19
20
21
23
29
29
26
21
18
18
19
18
16
335
51
48
90.2
266
36
34
67 5
16
24
23
3.7
18
25
21
3.7
20
29
24
4.3
20
32
30
4.8
18
31
30
4.6
17
27
26
4.6
13
22
21
3.6
12
18
18
2.9
14
17
16
2.9
17
19
15
2.4
16
19
18
3.2
12
15
14
2.6
155
38
78.4
138
30
60.5
19
28
27
4.6
11
24
3.7
7
22
3.6
9
25
3.8
14
28
4.6
11
30
5.1
4
28
4.1
5
26
5.2
6
23
3.6
42
18
3.8
25
15
2.9
18
16
2.1
8
15
2.5
16
3,392
9,017
1,903
7,114
3,332 3,313
9,910 10,275
1,834
1,828
8,076 8,447
3,388
10,649
2,066
8,583
3,464 3,418 3,420
11,142 11,335 10,675
2,253 2,113 2,090
9,222 8,585
3,369
12,094
2,361
9,733
3. 706
5 301
1 18
FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers' acceptances
...mil. $._
Commercial and finance co. paper, total
do
Placed through dealers
do____
Placed directly (finance paper)
___do
3,385
8,361
2,223
6,138
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total, end of period.—_•__.__
.
mil. $__
Farm mortgage loans:
Federal land banks
do
Loans to cooperatives.._
do
Other loans and discounts.
_do
7,104
8,080
3,718
958
2,428
4,281
1,055
2,745
4,171
940
2,902
Bank debits to demand deposit accounts, except
interbank and U.S. Government accounts,
annual rates, seasonally adjusted:
Total (225 SMSA's)O
bil. $_.
New York SMSA
do_._.
Total 224 SMSA's (except N.Y.)
do....
6 other leading SMSA'sf
do
218 other SMSA's.—
do_...
4,621.4
1,925. 3
2,696.1
1, 030.8
1,665. 3
5,135.9
2,138.5
2,997.4
1,140.9
1,856.5
Federal Reserve banks, condition, end of period:
' ' , total?
mil. $_
62,868
Reserve bank credit outstanding, total 9 ~do___.
Discounts and advances.
do
U.S. Government securities
.do
Gold certificate reserves
do
Liabilities, total9——-------—--—
do.__.
3,245
10,406
2,205
8,201
8,007
8,022
8,570
8,788
4,204
1,009
2,794
4,245
1,082
2,696
4,281
1,055
2,745
4,328
1,113
2,766
4,385
1,145
2,837
4,477
1,137
2,956
4,553
1,148
3,087
4,647
1,106
3,193
5,126.9
2,104.3
3,022.6
1,142.9
1,879.7
5,129.9
2,061.0
3,068.9
1,165.4
1,903.5
5,408.3
2,229.4
3,178.9
1,215.0
1,963.9
5,523.1
2,273.5
3,249.6
1,234.5
2,015.1
5,509.6
2,311.5
3,198.1
1,218.4
1,979.7
5,605.6
2,341.7
3,263.9
1,251.2
2,012.7
5,811.7
2,414.6
3,397.1
1,336.6
2,060. 5
5,934.1
2,544. 0
3,390.1
1,304.2
2, 085.9
65,371
63,384
63,504
64,050
65,371
64,246
63,794
64,124
37,044
15,075
43,340
137
40,768
13,436
41,704 41,905
510
174
39,774 39,657
13,582
13,587
42,789
365
40,575
13,512
43,340 43,085
137
239
40,768 40,565
13,436 13,436
42,717
315
40,189
13,432
42,840
327
40,734
13,204
62,868
65,371
63,384 63, 504 64,050
65,371
63,794
64,124
Deposits, total...
._____._.._.do___.
Member-bank reserve balances.—
do
Federal Reserve notes in circulation
do
19,456
18,086
35,343
Ratio of gold certificate reserves to FR note
liabilities....
.__.
percent..
42.7
r
3,314
9,692
2,194
7,498
3,310
10,554
2,250
8,304
3,392
9,017
1,903
7,114
1Q.620 19,591
18,447 18,149
37,950 36,319
19,612
18, 204
37.4
37.1
35.4
Revised.
* Preliminary.
1 Includes adjustments not distributed by months.
§ Wages as of Oct. 1,1966: Common labor, $3.706; skilled labor, $5.301.
t See corresponding note, bottom of p. S-13.
® Excludes persons under extended duration provisions.
cf Insured unemployment as % of average covered employment in a 12-month period.
8,206
64,246
19,163 19,620 20,098
18,050 18,447 18,751
37,408 37,950 37,337
36.1
35.4
:6.0
9,145
9,406
4,853
1,190
3,368
4,900
1,199
3,308
4,725
1,105
3,315
4,788
1,167
3,396
5,797. 5
2,449.4
3,348.1
1,311.3
2,036.8
5,868.8
2,491.7
3,377.1
1,314.7
2,062.4
5,989.1
2,480.6
3, 508.5
1,366.1
2,142.4
6,149.9 6,141. 8
2,676.1 2,625.2
3,473. 8 3,516. 6
1,348. 5 1,378.7
2,125.3 2,137.9
65,452
64,797
66,520
67,574
66, 342 67,385
67,257
43,285
452
40, 713
13,190
43,940
441
41,480
13,092
44,656
292
42,169
12,993
45,816
877
42,380
12, 890
44,450 45,475
386
773
42, 518 42,907
12, 788 12,779
45,501
410
42,975
12,776
65,452
64,797
66,520
67,574
66, 342 67,385
67, 257
19, 591 20,887
17, 399 19,538
38, 660 38.623
20,767
19,338
38,759
33.1
33.0
19,205 19,233
18,014 18,000
37,322 37,432
19,841
18,736
37,536
19,673
18,119
37,880
20,083
18,567
38,258
21,354
19,155
38,583
35.3
35.1
34.6
34.0
33.4
36.0
3,387 3,370
12,720 11,649
2,653 2,773
10, 067 8,876
33.1
O 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.
SURVEY OF CUEKENT BUSINESS
November 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
End of year
S-17
1966
1965
Sept.
Oct.
Nov.
Dec.
Jan.
Apr.
May
Feb.
Mar.
22, 233
21, 862
371
478
-107
22, 160 22, 528 22,487
21, 855 22, 170 22, 117
358
305
370
626
722
551
-268
-352
-246
June
July
Aug.
22, 534
22, 212
322
674
-352
23,090
22, 686
404
766
-362
22, 653 r 23, 240
22, 328 "•22,842
r
325
398
728 r 766
-403 —368
Sept.
Oct.
FINANCE—Continued
BANKING— Continued
All member banks of Federal Reserve System,
averages of daily figures:
Reserves held, total . . _ mil. $ l 21, 609 i1 22, 719 21, 740 21, 958
Required _ -- do. __ 1 21, 198 22,1 267 21, 356 21, 614
Mil
Excess
do
452
384
344
1 243
Borrowings from Federal Reserve banks.. _do_._.
1454
528
490
1
Free reserves .. _ _
. _
. __do
iies
-2 -144
-146
Weekly reporting member banks of Fed. Res. System, condition, Wed. nearest end of yr. or mo.:
Deposits:
68, 045 69, 723 64, 133 65, 012
Demand, adjustedcf- - - - mil. $
102, 574 103, 507 97, 048 100, 028
Demand, total 9
_.. _
do
Individuals, partnerships, and corp____do____ 73, 654
75,269 68,280 71,348
State and local Governments
do.... 5, 239
5,572
5,355 4,940
4, 563
U.S. Government
_
do
3 866 5, 591 2,442
Domestic commercial banks
_do
12, 539 12,429 12,075 13, 692
66, 881 78, 260 76, 276 77, 170
Time, total 9 _ _ _ _ . _ _ _ _ _ . . _ _ d o
Individuals, partnerships, and corp.:
40, 698 45,362 44 319 44 805
Savings
do
16, 407 21, 258 21, 003 21, 342
Other time.. _ _
do.
102, 227 117, 165 111, 755 112, 727
Loans (adjusted) , totalcf do.
Commercial and industrial
do_ __ 42, 119 50, 629 48, 117 48, 778
For purchasing or carrying securities. ____do
6,677
6,420
5,453 5,587
9,032 10,919 10,154 10,058
To nonbank financial institutions
_ do
Real estate loans
_
do. _
20, 008 22, 540 22, 012 22, 231
Other loans
do. ._ 29, 156 32,068 30, 553 30, 585
48, 783 48 299 47 023 47 769
Investments, total
do
27, 679 24,252 22,830 23,991
U.S. Government securities, total
do
Notes and bonds
do.
21, 979 19, 502 20, 202 19,948
Other securities
do. _. 21, 104 24, 047 24,193 23, 778
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates) , seas. adj.:t
267.2
294.4
Total loans and investments©
- bil. $
286.2 289 9
167.4
192.0
186.2 188.6
LoansO
do
U.S. Government securities
do. .
61.1
57.7
56.5
57.4
Other securities
do
38.7
44 8
43 4
43 9
Money and interest rates: §
Bank rates on short-term business loans:
In 19 cities
.;
_
_
percent
New York City......
do. ..
7 other northern and eastern cities
do
11 southern and western cities
do
4
4. 99
4
4. 75
4
5. 02
4
5. 30
Discount rate (N.Y.F.R. Bank), end of year or
month
.__.
.percent-- 4 4.00
Federal intermediate credit bank loans
do. ... 4 4.70
5. 45
Federal land bank loans
do
Home mortgage rates (conventional 1st mortgages):
4
New home purchase (U.S. a vg.)_
percent
5. 78
4
Existing home purchase (U.S. avg.)._
do. _
5. 93
Open market rates, New York City:
Bankers' acceptances (prime, 90 days) _ _ . do.... 53.77
4
4
4
4
4
4
4
4
21, 958 22, 719 22,750
21,589 22, 267 22, 392
369
452
358
452
454
402
—2
-83
—44
23, 333
23, 028
305
733
—428
66, 175 69, 723 68,220 65,231 66, 292
101, 204 103, 507 99,647 99 182 97, 162
72,127 75,269 72,415 71,371 70,313
5,532 5,531
5,429
5,651
5,365
3,789 3 866 3,153 3,147 3,223
12,977 12, 429 11,982 12, 619 11, 512
77,662 78, 260 78, 868 79,600 81,001
67, 921
101, 082
73, 303
5,469
3,983
11,807
81, 813
65, 631 2 71,286 70, 654 71, 220 71, 052 72, 339
102, 618 2108,899
105, 515 104,508 104, 712 107, 239
71, 772 2 75,830 75,920 76, 596 76, 125 77,384
6,030 22 6,161 5,986 5,738
5,696
6, 539
4,700
7 764 4,308 3 177 4 512
3 521
12, 727 2 11,858 12,271 12,058 11,710 12,705
2
82, 695 90,185 91, 018 91,255 90 379 88 754
45 362 45, 015 45 064 45, 111
21 258 22, 259 22, 961 24, 160
117 165 116,025 116, 939 118, 410
50, 629 50,462 51, 315 52, 640
6, 420 6,429 6,249 6, 035
10, 919 10,349 10,419 10, 618
22 540 22,638 22, 730 22, 867
32, 068 31,444 31, 124 32, 019
48 299 47, 557 46 220 45, 252
24,252 23,942 22,418 21,474
19, 502 18, 957 18,296 17, 945
24, 047 23,615 23,802 23, 778
43, 377
26, 040
119, 494
52, 495
6,666
10, 789
23, 041
31, 757
46 371
21, 849
18,064
24, 522
43 093
27, 133
121, 725
53, 839
6,784
10, 924
23,260
32, 786
45 368
20, 704
17, 469
24, 664
300.3
198.6
56.0
45 7
302.7
200.7
55.8
46 2
45 094
21, 511
114, 741
49, 167
6,482
10,319
22, 425
31, 245
47 790
24, 119
19, 550
23, 671
291 5
189 8
57.5
44 2
294 4
192 0
57.7
44 8
297 4
194.5
58.0
44 9
297 5
196 2
55.9
45 4
2 48 413
2 28 687
2132,901
2
58,246
2 6,972
2
11,935
2
26 662
2
35184
2
50 296
2 22,482
22 19 617
27 814
47 386
30, 625
132, 381
59, 008
6,139
11,349
26 868
34 522
49 791
22, 287
19 593
27 504
47 228
30 859
131,238
58 252
6 496
10, 454
27 137
35 258
50 874
23, 474
19 248
27 400
304 3 3 305 4
202 0 3 203 7
55.0
54 5
47 2
47 1
308 2
205 9
54 1
48 2
309 8
206 1
55 9
47 g
5.55
5.41
5.58
5.70
47 237 46 967
30 304 29 193
132 012 131 942
59 399 59 679
5,821
5,703
10, 822 10,600
"27 331 27 448
34 347 33 958
50 627 49 578
23,127 22, 810
19 033 18 943
27 500 26 768
307 6
205 5
54 0
48 0
5. 06
4. 83
5. 09
5. 34
5. 00
4.76
5.03
4.50
4. 94
5. 43
4.00
5.02
5.43
4.00
5.01
5.43
4.00
5.02
5.43
4.50
5.04
5.43
4.50
5.22
5.43
4.50
5.35
5. 43
4.50
5.40
5.48
4.50
5.53
5.49
4.50
5.65
5 52
4.50
5.68
5 60
4.50
5.91
5 93
4.50
5.99
5 96
4.50
6.13
5 96
5. 76
5. 89
5.75
5.89
5.75
5.87
5. 80
5.91
5.78
5.91
5.81
5. 97
5.85
5.97
5.90
6.01
5.99
6.09
6.02
6.16
6 07
6.18
6.12
6.24
6 18
6 35
6 22
6 40
5.27
5.08
5.32
5.46
5.31
6
6
6
6
5 82
5 65
5 86
6 00
30
13
40
42
4.50
54.22
4.25
4.25
4.25
4.55
4.75
4.86
4.96
A. fifi
K
O1
5.00
C OQ
5.18
5.39
5.75
5.72
53.83
54.50
54.27
5 4. 69
4.25
4.75
4.32
4.75
4.38
4.75
4.60
4.97
4.82
5.07
4.88
5.25
5.02
5.41
5.25
5.50
5.38
5.50
5.39
5.52
6 (>a
5.51
6.00
5.67
Finance Co. paper placed directly, 3-6 mo. do.___
Stock Exchange call loans, going rate
do
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)— _. percent—
3-5 year issues
_
do
5.63
6.12
5.67
6.25
5.82
6.25
53.549
54.06
53.954
54.22
3. 912
4.24
4.032
4.33
4.082
4.46
4.362
4.77
4.596
4.89
4.670
5.02
4.626
4.94
4.611
4.86
4.642
4.94
4.539
5 01
4. 855
5.22
4.932
5 58
5.356
5 62
5.387
5.38
Savings deposits, balance to credit of depositors:
N . Y. State savings banks, end of period
mil. $
U.S. postal savings f
....do.
28,260
390
30, 312 29, 785 29,845 30, 001
317
309
327
321
30, 312
314
30,442
303
30, 574
299
30,797
292
30,496
277
30, 581
230
30 716
192
30, 868
31, 006
31, 290
78, 442
60,548
25, 195
15 593
3,532
16, 228
87, 884
68, 565
28, 843
17 693
3,675
18, 354
85, 291 87, 884
67,168 68,565
28, 612 28, 843
16,797 17, 693
3,689
3,675
18, 070 18, 354
87, 027
68,314
28, 789
17, 566
3,634
18, 325
86, 565 87, 059
68,279 68,827
28,894 29, 248
17, 386 17, 450
3,603 3,597
18, 396 18, 532
88, 184
69,543
29,597
17,597
3,602
18,747
89, 092
70, 209
29,908
17, 732
3,642
18, 927
90 070
71 194
30 402
17 959
3,677
19 156
90, 650
71, 862
30, 680
18, 165
3,711
19, 306
91 483
72,640
30, 918
18, 390
3,755
19, 577
91 639
72, 829
30, 793
18, 564
3,771
19, 701
5 ^ Q7
K on
5.58
182
169
159
147
CONSUMER CREDIT*
(Short- and Intermediate-term)
Total outstanding, end of year or month
mil. $
Installment credit, total
do
Automobile paper
do
Other consumer goods paper
do
Repair and modernization loans
_ _ do
Personal loans
do
By type of holder:
Financial institutions, total
do
Commercial banks
do
Sales finance companies
do
Credit unions
do
Consumer finance companies
do
Other
. do
Retail outlets, total
_ _
do
Department stores
do
Furniture stores
do
Automobile dealers
do
Other
do
Noninst aliment credit, total
do
Single-payment loans total
do
Commfircial hftnlrs
(Jo
Other financial inRtitnt.inns
dn
83, 801
65, 979
28, 175
16 229
3,664
17, 911
84 465
66, 511
28, 393
16 492
3,676
17, 950
60, 273 60, 202 60, 331 60, 863 61, 539 62, 178 63 097 63, 745 '64, 454 64, 613
29 173 29, 201 29, 312 29,684 30,127 30 507 31 013 31 398 31 737 31 778
16, 138 16, 106 16, 072 16, 106 16, 191 16, 263 16 454 16 585 16, 732 16,759
7,839
7,512 7,447 7,473 7,593 7,711
8,009
8,093 8,238 8,324
5, 606 5,598 5,621 5,630 5,670 5,695 5 742 5 791 5 846 5 858
1,840
1,853 1,850
1,874
1,844
J,850
1,901
1,894
1,878
1,879
7,964 8,004 8,031 8,097 8,117 8,186 8,216
7,948
8,292 8,112
4,488
4, 419
1,235 1,208
459
466
451
447
472
487
443
448
433
485
489
438
480
2,122 2,037
1,816
1,851 1,890
17, 822 17, 954 18, 123 19, 319 18, 713 18, 286 18, 232 18,641 18, 883 18 876 18, 788 18, 843 18, 810
7 624 7 648 7 682 7 666 7 731 7,795 7 836 7 925 7 901 7 844 7 849 7 814
7 600
6, 574 6,630 6,676 6,717 6,784 6^767 6,720 6,718 6,692
6,555 6,587
6 520 6,546
i nsn 1.078 1.093
1.095 1.092
1.101 1.119 1.119 1.141 1.134
1.124
1.131 1.122
r
reserves
(individual
loan
items
are
shown
gross;
i.e.,
before
deduction
of valuation reserves).
Revised.
*
Corrected.
1
9 Includes data not shown separately. tRevised monthly data for commercial bank credi t
Average for Dec. 2 Revised beginning June 1966 to reflect changes in coverage and
prior to June 1965 appear on p. 28 of the Nov. 1966 SURVEY; those for consumer credit prior
format; not comparable with earlier data.
3 Effective with the June 9 change in Federal
to Mar. 1965 appear in the May 1966 Fed. Reserve Bulletin.
©Adjusted to exclude interReserve regulations, data exclude 5balances accumulated for payment of personal loans (about
bank loans.
§For bond yields, see p. S-20.
IfMonthly data are as of the following dates:
$1.1 bil.). 4 Average for year.
Daily average.
1965—Sept. 10; Oct. 8; Nov. 5; Dec. 3; 1966—Jan. 28; Feb. 25; Mar. 25; Apr. 22; May 20; June 30;
cfFor demand deposits, the term "adjusted" denotes demand deposits other than domestic
July 15; Aug. 12; Sept. 9; Oct. 7.
commercial interbank and U.S. Government, less cash items in process of collection; for
loans, exclusive of loans to domestic commercial banks and after deduction of valuation
235-601 O - f
53 141
25 094
14, 762
6, 458
5 078
1,749
7,407
3 922
1 152
370
1 963
17 894
6 954
5 950
1 no4
60 273
29 173
16 138
7,512
5 606
1, 844
8,292
4, 488
1 235
447
2,122
19 319
7 682
6 587
1 . nQfi
58, 703 59, 105 59, 567
28 343 28 618 28 855
15, 802 15, 876 15, 963
7,310 7,363 7,436
5 410 5 422 5 465
1,848
1,838 1,826
7,276 7,406 7,601
3,910 3,979 4, 101
1 117 1 138 1 167
SURVEY OF CURRENT BUSINESS
S-18
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
Annual
November 1966
1966
1965
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
FINANCE—Continued
CONSUMER CREDIT§— Continued
Total outstanding, end of year or month— Con.
Noninstallment credit—Continued
Charge accounts, total
mil. $
Department stores.. _ _ _ _ _ _
do _
Other retail outlets
_._ _ do_ _
Credit cards
do
Service credit
do
Installment credit extended and repaid:
Unadjusted:
Extended, total
do .
Automobile paper
do
Other consumer goods paper
do
All other _ .
_
_ _ _ do_ _
Repaid, total
do
Automobile paper
_ _ _ _ _ _ _ do. _
Other consumer goods paper
do
All other
do
Seasonally adjusted:
Extended, total do
Automobile paper
do. _
Other consumer goods paper
do
All other
do
Repaid, totaldo
Automobile paper
_ _ _
do_ _
Other consumer goods paper
do
All other
do
FEDERAL GOVERNMENT FINANCE
Net cash transactions with the public: cf
Receipts from
mil. $
Payments to
__
do
Excess of receipts or payments ( — )
do
Seasonally adjusted, quarterly totals: t
Receipts from
j_J
do
Payments to
___
do
Excess of receipts, or payments (— )
do
Receipts and expenditures (national income and{
product accounts basis), qtrly. totals, seas,
adj. at annual rates: *
Receipts
_ _
_ bil. $__
Expenditures
do
Surplus, or deficit (—)
do
Budget receipts and expenditures:
Receipts, total
mil. $
Receipts, netl
_
_ _ _
_do
Customs
do
Individual income taxes
_
_ do_ _
Corporation income taxes
do
Employment taxesdo
Other internal revenue and receipts _ __ do_ _
Expenditures total^
do
Interest on public debt*
do
Veterans' benefits and services
do
National defense
_ _ _
.do
All other expenditures
do_ __
Public debt and guaranteed obligations:
Gross debt (direct), end of yr. or mo., totaL-bil. $_Interest bearing, total
do
Public issues
do
Held by U.S. Govt. investment accts do
Special issues
do
Noninterest bearing and matured
do
Guaranteed obligations not owned by U.S. Treasury, end of year or month
bil. $__
U.S. savings bonds:
Amount outstanding, end of yr. or mo__.do
Sales, series E and H_
do
Redemptions
do
1
16,300
1909
1
4,
756
1
635
1
4, 640
61746
968
5, 055
i 723
1
4 891
5 496
647
4,078
771
4,726
5 645
682
4,221
742
4,685
5,740
725
4,291
724
4,735
6 746
968
5,055
723
4 891
6 107
855
4 509
743
4 940
5 505
5 393
5 670
5 860
5 908
5 888
5, 973
5,993
746
5 050
755
5 044
765
5 135
788
5 098
824
5 067
861
5 056
916
5,021
932
5,003
67, 505
24, 435
19, 473
23, 597
61, 121
21, 676
17, 737
21, 708
75, 508
27, 914
21, 454
26, 140
67, 495
24, 267
19, 355
23, 873
6,085
2,088
1,849
2,148
5,616
2,024
1,617
1,975
6,247
2,318
1,899
2,030
5,714
2,099
1 636
1 979
6,608
2,410
2,004
2,194
5,955
2,193
1 700
2,062
7,519
2,328
2,657
2,534
6,120
2,097
1,760
2,263
5,586
2 001
1 684
1,901
5, 837
2,055
1 811
1 971
5,517
2 084
1 527
1,906
5 552
1,979
1 707
1 866
6,865
2 676
1,890
2,299
6,317
2,322
1 826
2,169
6 658
2 486
1 874
2 298
5 942
2 137
1 727
2 078
6 694
2 526
1 898
2 270
6 028
2 215
1 763
2 050
7,236
2 746
2,013
2, 477
6,251
2,252
1,786
2, 213
6 670
2*466
1 945
2 259
6 002
2 188
1 739
2 075
7,025
2,543
2,023
2,459
6,247
2,305
1,798
2,144
6,189
2,070
1,935
2,184
6, 000
2,195
1, 761
2,044
6,434
2, 385
1 859
2,190
5 748
2,056
1 638
2 054
6,425
2,338
1 907
2 180
5 805
2 080
1 670
2 055
6,530
2,480
1 873
2 177
5 831
2,148
1 683
2 000
6,489
2,443
1 862
2 184
5 855
2,107
1 720
2 028
6 544
2,340
1 983
2 221
5 947
2 115
1 778
2 054
6 492
2,340
1 957
2 195
5 954
2 135
1 781
2 038
6,673
2,479
1 959
2,235
6 024
2,216
1 708
2 100
6 505
2 302
1 958
2*245
5 974
2 145
1 729
2 100
6 472
2*298
1 933
2 241
5 979
2 159
1 784
2 036
6, 675
2,419
1 944
2,312
6,126
2,211
1 767
2 148
6 732
2 383
2 050
2 299
6 168
2 238
1 803
2 127
6,689
2,431
1, 995
2, 263
6,087
2,223
1,792
2, 072
6,578
2,387
1,958
2, 233
6,103
2,213
1,784
2, 106
7 091
11 233
4 142
12 400
11 264
l'l36
13 804
12 086
1 718
8 103 11,764
12 927 15,206
4 824 -3,442
14, 748
13, 150
1,598
115 031
120 ,340
—5 308
1
123 376
127 920
—4 544
12 599
4 283
11 090 10 518
1 509 —6 234
39, 567
35, 758
3,809^
126.9
127 0
— 2
136. 0
133.7
2.3
141.0
137.1
3.8
117 222
88 696
1 352
52 334
25 047
17 106
21 382
96 945
11* 039
5 484
52 261
29 067
124 354
96 679
1 646
56 102
27 035
17* 268
22 303
101 378
11 615
5* 151
52 773
32 582
12 640
10 999
159
5 422
4 236
l'l20
1 703
9 452
966
474
4 531
3 482
i 317. 94
1313 55
267. 48
i 14 36
1
46 08
14.39
i 320, 90
i 316 52
i 270 26
1 15 51
i 46 26
14.39
316. 75
312 36
264 29
15 40
48 07
4.39
318. 90
314 56
267. 60
15.18
46 96
4.34
1.46
.52
.49
i 50. 46
4 49
5 44
13 916 20 294
12 821 11, 827
1 095 8 466
33, 684
36,908
-3,224
123 8
126 3
—2 5
i 49. 89
4 61
5 25
11 853
11 325
528
30, 685
33, 098
-2,413
124.9
123 4
16
1.81
10 838
11 121
—283
30,646
32,104
-1,458
115.1
118 1
—3 0
1
10 728
12 312
1 584
50.28
34
45
4 327
3 295
153
1 508
625
461
1 580
8 750
*962
486
4,477
2,878
50.36
.37
41
10 220 10 807
8 106 9 553
164
140
5,934 3 705
507
4 315
1 508
803
2,107
1 844
9 105 9 426
963
1 005
526
207
4 518
5 091
3, 155
3 320
321. 71 320.90
317. 36 316. 52
270. 30 270. 26
15.51
15 65
47 05
46 26
4.36
4.39
.46
50.42
.34
40
.46
50.46
.33
42
7 137 12 432 15 701 13 072
9 929
6 453 8 335 11 297
168
151
136
' 129
7,341
4 140
6 986 4,376
7 244
2 440
682
573
1 320
423
3 117 2 040
1 756 1 627 1 873 1,821
10
193
8
362
8 809 8 156
1 035 1 013
1 035
*976
525
289
530
513
4 605
4 483 5 600 4,995
2,712
3,038 2,078
2 200
322. 00
317. 60
273. 24
15 53
44 36
4.40
.42
50.44
.47
65
36, 339
40,041
-3,702
f
145.4
145. 1
.3
13 746 *>20, 712
8 452 ?17, 054
p 172
158
7 389 *7,252
751 *8 252
3 615 *2, 719
1 833 p2,317
9 055 *>9 378
1 025 p 1,088
P358
485
4 895 *6,247
2 650 p 1, 728
7,993
5,702
158
3,725
878
1,674
1,558
10, 263
1,091
450
4,910
3,851
10, 586
7,197
179
5,268
606
2,614
1,920
11, 042
1,064
444
' 5, 560
r 4, 025
14, 833
12, 475
170
6,400
4,547
1,793
1,924
11 883
1 086
532
5,957
4,361
324.42
319. 70
266. 46
15. 96
53.24
4.72
324. 75
320. 01
266. 95
16. 02
53.07
4.73
326. 89
322. 30
270. 41
323. 31 321. 00
318 92 316. 58
273 14 270. 62
15.82
15.64
45 78 45.96
4.42
4.39
319. 58
315 22
270. 30
15.47
44 92
4.36
322. 36
317. 93
269. 12
15. 58
48 80
4.43
319. 91
315. 43
264. 31
15.50
51 12
4.48
319. 28
314. 88
264.18
15.58
50.70
4.40
.46
.47
.47
.46
.49
.48
.50
.50
50.70
.41
.50
50.74
.39
.48
50.70
.40
57
50.77
.41
.47
.43
50. 45
35
46
50.49
.46
.54
50.52
43
51
50.58
.41
47
50.63
.40
49
51.89
4.59
LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U.S. life insurance companies J
bil. $ 11149 47 1 158. 88 156 04 156. 89 157.64 158.70 159. 63 160. 23 160. 80 161. 48 162. 04 162. 51 163. 49 163.94
71.65
70.10
71.15
71.59
Bonds (book value), total—
_
do____
70.50 70.66 70.98
71.18
71. 10
69.97
70.22
67. 96 i 70. 15
69.84
7.36
7.28
7.33
Stocks (book value), total
do
7.07
7.29
7.27
7.24
7.29
7.31
7.38
19.13
17.94
7.13
6.96
1
63.34
58.82
61.71
62.55
Mortgage loans, total
__
do
60.52
61.29
62.10
62.97
60.88
60
02
55. 15 i 60. 01
59.28
58 41
58.13
Nonfarm _ _ _
do
54.10
56.32
56.65
57.38 57.78
55.68 55.99
56.98
54 52
55 20
i 50 85 i 55 19
53 72
i 4 53
4.79
Real estate
_
do
4.73
4.74
4.68
4 69
4.72
4 74
4 70
4.78
i 4 68
4 70
4 68
4 68
8.45
7.59
8.16
8.29
Policy loans and premium notes_ _ _ _
do. _
7.85
7.96
8.05
7.72
7.77
7.62
17.
14
i 7.68
7.55
7.67
1
1.18
Cash__
_
do
1.00
1.12
1.25
1.02
1.30
1.30
.90
1.01
i
1.50
1
48
1.36
1
49
1
27
1
7.17
7.74
Other assets
_
do
7.63
7.36
7.38
7.67
7.65
7.60
7.63
5.26
i 5.73
7 34
7.33
7.63
Payments to policyholders and beneficiaries in
U.S., total
.
mil $ 10 757 8 11 416 6
984.2
918.9 879.4 1 246 3 964.3
978.7 1, 081. 1 916.2 1, 087. 1
909 8 1,139.5
954 2
459.1
Death benefits
do
406.2
388.8 381.9
425.1 450.0
403.5 503.0 418.1
4 533 5 4 831 4
480 1 411.8
398 8
77.6
82.3
88.0
73.0
Matured endowments
_ do
77.9
94.8
80.9
75.8
85.1
898.7
74.6
74.6
74 8
931 1
Disability payments
do
16.6
13.6
15.2
13.0
14.4
12 2
13.7
13.0
14.0
12.7
160 6
14 3
15 9
163 0
Annuity payments
do
95.3
100.4
104.5
100.3
90.9
92.5
95.7
83.5
90.0
961 0 1 038 9 86 7
85.3
85 0
Surrender values
_ _
do
196.5
189.4
162.1
165.0
148.5
157.0
178.2
182.6
178. 6
148.3
174 8
1 833 7 1 932 3 164 5
Policy dividends
do
186.4
169.2
228.3 200.7
188.0
242.8
163.0
254.4
209.3
2. 370. 3 2. 519. 9
215. 3
176.6
415.7
T
Revised.
p Preliminary.
*New series; latest revised data for earlier periods appear in the Aug. 1965 and July 1966
i End of year; assets of life insurance companies are annual statement values.
issues of the SURVEY.
IfData for net receipts and total expenditures reflect exclusion of
§ See note "J" on p. S-17.
Bother than borrowing.
t Revisions prior to 1965 for cash
certain interfund transactions.
transactions with the public (seas, adj.) and for Jan. 1964-Aug. 1965 for assets of all life insurance companies will be shown later.
SURVEY OF CURRENT BUSINESS
November 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1966
1965
1965
Annual
S-19
Sept.
Oct.
Nov.
Dec.
Jan.
Apr.
Feb.
Mar.
11,352 10, 173
7,980 7,308
2,750 2,291
622
574
May
June
July
Aug.
Sept.
9,938
7,431
1,878
629
9,945
7,468
1,908
569
9,200
6,633
2,041
526
9,589
7,118
1,910
561
9,558
6, 885
2,117
556
1,321
999
218
105
1,304
995
213
96
1,300
981
217
102
1,339
997
238
103
1,261
954
210
96
Oct.
FINANCE—Continued
LIFE INSURANCE-Continued
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance):!
Value, estimated total
mil $
Ordinary . _.
.
do
Group and mass-marketed ordinary
do
Industrial.
do
Premiums collected:!
Total life insurance premiums... ,
Ordinary
Group and wholesale..
Industrial
do;
do
do
do
105,008 i 142, 124
73, 130 82,479
24,566 i 52,349
7,312
7,296
14,385
10,768
2,225
1,391
15, 176
11,357
2,436
1,383
9,979 137,703 10,296
6,859 7, 085 7,286
2,542 129,997 2,374
621
578
636
12, 180
7,601
4,055
524
8,120
6,151
1,420
549
8,494
6,564
1,392
538
1,261
944
212
105
1,545
1,037
272
236
1,264
964
190
110
1,226
921
208
97
1,205
906
197
101
1,277
972
199
107
1,380
1,058
221
101
1, 265
957
206
102
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end of period)... mil. $__ 15,388 13,733 13,858 13, 857 13,805 13,733 13,732 13,730 13, 634
20
142
-31
256
81
Net release from earmark§
.do
18
-72
-198
-37
0 67, 775
Exports
thous $ 422,744 1,285,097 126,324 101,275 101,335 67,842 10,877
Imports
do
40,888 101,669 1,539 1,888 56,027 10, 102 3,037 2,159 10, 766
Production , world total
South Africa..
Canada
United States
Silver:
Exports
Imports
Price at New York
Production:
Canada!....
Mexico
United States
mil. $. .21,395.0 21,430.0
do
•1,018.9 1,069.4
do
125.6
'133.0
51 4
do
58 6
89.7
10.2
90.4
10.5
91.6
10.4
89.3
10.2
91.2
9.8
87.8
9.6
90.5
10.1
54,061
64,769
1.293
1, 534
6,104
1.293
4,046
4,722
1.293
5,072
10, 809
1.293
3,908
7,688
1.293
4,616
6,475
1.293
8,875
6,546
1.293
7,929
6,452
1.293
thous. fine oz._ '29,903 '31,917
41, 716 40, 333
do
45,872 44,423
do
3,043
3, 566
2,957
3,020
3,677
3,871
2,801
3 2,867
6,825
4,104 3,625
2,273
3,580
3,496
2,424
4,027
3,026
2,960
3,736
4,149
thous $
do
dol. per fine oz
144, 121
66,311
1.293
13,632 13,532 c 13, 433 13,332 13,259 13,258
162
— 61
20
-50
26
-57
133 101, 401 101,534 34,334 5,800
2,463 1,931 1, 781 2,426 2,432
90.8
10.1
89.3
9.2
91.9
10.2
7,358 15,527 18, 022
7,277 6,080 6,629
1.293 1.293 1.293
2,583 2,792 2,694
89.4
9.1
90.1
8.9
6,638 14,273
7,055 7, 983
1.293 1.293
13, 257
91.7
1.293
1.293
2,928
3, 555
3,793
5,611
1,912
4, 226
bil. $__
39.6
42.1
40.4
40.8
41.8
42.1
41.1
41.3
41.5
41.5
42.1
42.6
42.7
42.9
Money supply and related data (avg. of daily fig.) :!
Unadjusted for seas, variation:
Total money supply...
bil. $__
Currency outside banks
do
Demand deposits
do
Time deposits adjustedf
do.
U.S. Government demand deposits
do. .
156.4
33.5
122.8
119.4
5.8
162.6
35.3
127.3
137.6
6.3
163.1
35.7
127. 5
141.4
5.5
165.7
36.0
129.7
143,5
5.0
167.3
36.5
130.8
144.3
4.1
172.0
37.1
134.9
145. 2
4.6
173.0
36.5
136.5
147.3
3.8
167.8
36.4
131.4
148.7
5.2
167. 8
36.6
131.3
150.2
4.6
171.6
36.8
134.8
152.2
3.1
166.9
37.0
129.9
153.9
7.2
168. 8
37.3
131.5
4
154. 1
6.3
167.9
37.8
130.1
155.8
'8.1
166.9 ' 169. 5
37.9
37.8
129.0 131.5
157.0 156.9
4.5
5.2
170.1
38.0
132.1
156.6
4.8
164. 1
35.7
128.5
141.6
165.2
36.0
129.3
143.7
165.6
36.1
129.5
145.5
167.2
36.3
130.9
146.9
168.0
36.6
131.4
147. 8
168.2
36.8
131.4
148.5
169.3
36.9
132.3
149.5
170.9
'37.2
133.7
151.4
170.2 171. 1
37.4
'37.3
133. 7
132.9
*
153.
7
153.0
169.6
37.7
131.9
155.3
169.6 170.5
37.9
37.8
132. 6
131.8
156.7 ' 157. 1
169.6
37.9
131.7
156.8
47.4
96.3
35.1
43.8
31.4
50.5
104.7
37.0
47.6
32.1
50.6
102.2
37.5
47.7
33.3
50.7
104.5
37.0
47.3
32.7
50.9
105.6
37.0
47.6
32.5
52.3
107.1
38.3
49.1
33.5
52.8
112.0
37.7
47.8
33.3
52.4
109.3
37.8
49.8
32.8
53.1
108.3
38.9
51.1
33.8
54.4
112.7
39.3
52.2
34.1
Currency in circulation (end of period)
Adjusted for seas, variation:
Total money supply
Currency outside banks
Demand deposits
_
Time deposits adjusted J
do
do
do
do
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted:
Total (225 SMSA's) 9 ..ratio of debits to deposits..
New York SMSA
ado
Total 224 SMSA's (except 1N Y )
do
6 other leading SMSA'srf — ...
do____
218 other SMSA's
do
53.7
109.1
39.0
51.1
33.7
44.7
89.5
32.9
41.4
29.2
48.4
99.6
35.4
44.9
31.4
47.2
95.4
35.3
44.1
31.4
23, 211
1,692
507
27, 521
1,896
694
6,590
522
176
7,484
511
201
7,229
469
162
8,375
5
525
194
314
754
2,857
4,094
681
758
1,225
338
5753
3,188
4,442
761
970
1,401
105
184
789
1,079
253
214
312
84
219
815
1,214
206
251
290
68
213
847
1,207
115
294
324
124
241
948
1,228
260
351
440
842
2,001
1,512
1,151
2,499
1,926
304
652
471
278
658
594
313
680
546
383
858
615
546
2,808
2, 617
721
3,496
53,285
184
469
876
203
985
976
186
973
833
10,810
11, 979
2,623
3, 756
3,040
3,188
2,568
626
632
758
632
42.8
53.6
109. 5
39.4
51.1
34.3
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade and SEC):
Net profit after taxes, all industries
mil. $._
Food and kindred products
do. _
Textile mill products
do
Lumber and wood products (except furniture)
mil.$__
Paper and allied products.
do. . _
Chemicals and allied products
do _
Petroleum refining
do
Stone, clay, and glass products.
do
Primary nonferrous metal
do
Primary iron and steel
do
Fabricated metal products (except ordnance,
machinery, and transport, equip.) . ...mil. $__
Machinery (except electrical) ...
do
Elec. machinery, equip., and supplies.. __do___
Transportation equipment (except motor
vehicles etc )
mil $
JMotor vehicles and eouioment
do
Dividends paid (cash) , all industries. _
do
Electric utilities, profits after taxes (Federal Reserve)
mil $
Transportation and communications (see pp. S-23~
and S-24).
2,375
5
239
948
1, 021
SECURITIES ISSUED
Securities and Exchange Commission:
37, 122 40,108 3,029 2,661 6,340
Estimated gross proceeds total
mil $
By type of security:
34, 030 37,836 2,861 2,537 6,083
Bonds and notes, total
...
do
861 1,142
10,865 13, 720 1,370
Corporate—
do
165
116
76
Common stock
do
2,679
1,547
92
92
8
Preferred stock
do
412
725
2
' Revised.
1 Includes $27.8 bil. coverage on U.S. Armed Forces.
Estimated; excludes
3
U.S.S.R., other Eastern European countries, China Mainland, and North Korea.
Data
for Nov.-Dec.
* Beginning June 1966, data exclude balances accumulated for payment of
personal loans (amounting to $1,140 million for week ending June 15). 5 Beginning with
the period noted, data reflect reclassification of companies between industries and are not
strictly comparable with those for earlier periods.
« Corrected.
tRevisions for 1964-Apr. 1965 for insurance written, for Jan.-Aug. 1964 and Jan.-July 1965
3,021 3,008 4,250 3,668 3,182 5,072 3,425 3,721
2,789 2,834 2,878 3,833 3,457 3,114 4,261 3, 315 3,580
983 1,619
1,487 1,152 1,143 2,065 1,372 1,037 1,616
70
40
182
737
55
396
56
72
68
71
70
74
13
21
75
28
119
86
for premiums collected, and for 1964 for silver production (Canada), will be shown later; those
for money supply and related data for 1959-July 1965 appear in the Sept. 1966 issue of Federal
Reserve Bulletin.
§Or increase in earmarked gold (-).
If Time deposits at all commercial banks other than those due to domestic commercial banks and the U.S. Govt.
9 Total SMSA's include some cities and counties not designated as SMSA's.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland, and Los
Angeles-Long Beach.
2,948
SURVEY OF CUREENT BUSINESS
S-20
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1965
1965
Annual
November 1966
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
1,582
1, 106
July
Aug.
2,427
1, 168
1,093
449
12
288
21
51
159
1, 760
53
330
16
279
283
2, 645
June
Sept.
Oct.
FINANCE—Continued
SECURITIES ISSUED— Continued
Securities and Exchange Commission— Continued
Estimated gross proceeds— Continued
By type of issuer:
Corporate, total 9 _ ___ __
__
mil. $
Manufacturing
do
Extractive (mining)
do
Public utility . • _•
do
Railroad
do
Communication
do
Financial and real estate
do
Noncorporate total 9
U S Government
State and municipal
New corporate security issues:
Estimated net proceeds total
Proposed uses of proceeds:
New money total
Plant and eouipment
Working capital
Retirement of securities
Other purposes
State and municipal issues (Bond Buyer) :
Long-term
Short-term
-
13,957
3 046
15,992
5 417
2,760
2 936
2 189
3 856
4 276
23 165
10 656
10 544
24 116
9 348
11 148
do
13 792
15 801
do
do
do
do
do
11 233
7 003
4 230
13 063
7 712
5 352
1 805
do
do
10, 544
5,423
421
342
333
284
947
1.538
435
25
365
26
202
343
986
287
28
169
20
96
284
1,398
424
21
242
11
47
544
1,646
492
64
307
14
60
437
1 339
370
21
399
46
142
153
1 273
541
34
249
42
163
116
2,482
1 001
28
344
40
304
296
703
15
371
35
77
122
392
50
277
47
44
157
558
21
322
27
320
154
2,332
411
678
1,960
1,118
1 095
2, 391
1 079
1 736
1,000
2,245
1,786
969
647
322
33
77
1, 652
1 353
1,118
678
174
764
620
369
867
4 942
3,463
1,018
1,302
1 523
973
1 377
1,249
1,183
1 741
797
452
130
143
834
480
355
49
90
11, 084
6,537
984
543
867
397
1,018
*534
5, 543
1 1, 666
13,706
625
601
5,016
1,369
3,609
5,096
1,475
3,552
5,232
1,479
3,661
5,543
1,666
3,706
5,576
1,730
3,669
5, 777
1,765
3, 586
5, 671
1,822
3,603
5,862
1,744
3,858
5,797
1,839
3, 741
5,798
1,658
'3,809
5,700
1, 595
3, 786
5,645
1, 595
3,785
5,400
1, 528
3,537
95.1
111.5
93.9
110.6
92.8
109.3
92.7
108.4
92.3
107.7
91.1
' 106. 2
90.5
106.9
89.5
105.2
87.9
103.9
87.6
105.9
87.6
104.5
87.0
103.2
86.0
100.9
84.1
97.7
82.6
98.6
83.4
100.5
84.46
83.76
83.27
82.97
82.22
81.21
81.15
79.32
78.92
79.75
79.56
78.93
77.62
77.02
77. 15
78,07
2 882 48 3 794.22
2,640 74 3 288. 68
398. 73
332. 00
424. 51
345. 52
373. 10
296. 25
490. 17
368. 03
359. 80
287. 99
383. 38
296. 12
485. 14
373. 14
423.27
334. 44
394. 28
344. 51
312.44
258.46
254. 63
222. 05
306.60
291. 76
322. 01
315. 08
2, 782. 80 3, 643. 11
2, 542. 26 3, 150. 16
389. 95
323. 26
414. 32
336. 49
361. 09
285. 05
469.00
350. 45
348. 47
278. 54
371. 60
285. 18
466.96
358. 35
402. 67
318. 91
330. 69
333. 50
301.98
248. 57
247. 12
215. 03
295. 65
279. 97
312. 43
304.96
2, 524. 50 2. 975. 21
307. 79
290. 84
272. 00
302. 78
252. 64
250. 95
331. 66
253.71
285. 53
208. 88
169.94
273. 90
232.94
286. 55
4.57
4.64
4.69
4.72
4.75
4.84
4.89
4.94
5.10
5.16
5.18
5.28
5.36
5.50
5.71
5.67
4.40
4.49
4.57
4.83
4.49
4.57
4.63
4.87
4.52
4.63
4.69
4.91
4.56
4.66
4.71
4.93
4.60
4.69
4.75
4.95
4.68
4.80
4.85
5.02
4.74
4.83
4.91
5.06
4.78
4.90
4.96
5.12
4.92
5.05
5.12
5.32
4.96
5.10
5.18
5.41
4.98
5.10
5.17
5.48
5.07
5.16
5.29
5.58
5.16
5.25
5.36
5.68
5.31
5.38
5.48
5.83
5.49
5.58
5.69
6.09
5.41
5.50
5.67
6.10
4.52
4. 53
4.67
4.61
4.60
4. 72
4.65
4.64
4.77
4.67
4.67
4.81
4.71
4.71
4.83
4.79
4.82
4.91
4.84
4.85
4.97
4.91
4.90
5.02
5.06
5.08
5.18
5.09
5.21
5.19
5.12
5.23
5.20
5.25
5.32
5.26
5.33
5.39
5.37
5.49
5.54
5.48
5.71
5.78
5.65
5.63
5.72
5.67
3.20
3.22
3.28
3.27
3.41
3.36
3.40
3.42
3.50
3.47
3.54
3.56
3.54
3.52
3.83
3.63
3.59
3.72
3.62
3.59
3.78
3.68
3.83
3.77
3.96
3.94
4.24
4.17
4.03
4.11
3.74
3.97
4.15
4.21
4.25
4.27
4.34
4.43
4.43
4.61
4.63
4.55
4.57
4.63
4.74
4.80
4.79
4.70
17 682
19, 488
2,735
1,333
537
3,881
1, 561
756
2, 870
1,385
526
3,043
1,401
542
2,988
277
431
21
141
199
4
572
428
460
23
326
193
4
293
280
438
21
111
197
3
261
2,064
127
295
443
22
121
200
2
1,956
124
261
80
82
44
349
160
21
88
23
2
161
9
29
18
8.26
9.18
4.10
4.39
5.14
6.65
8.28
9.19
4.12
4.44
5.14
6.65
do
do
do
754
996
1 490
342
984
1 675
584
598
52
143
665
331
768
1 682
475
1 735 1 768
457
'345
412
877
2 452
1 559
1 399
1 137
1 632
1 325
1 259
1,279
1 214 1 068 2 039
1 482
959
*817
768
332
255
22
88
251
22
169
557
7
407
1,176
845
382
848
608
355
2 076
1,181
845
699
580
136
217
2 086
848
1 176
426
262
7
154
746
254
38
58
1,181
1,061
877
865
397
459
27
119
384
387
764
299
17
67
967
361
SECURITY MARKETS
Brokers' Balances
(N. Y.S.E. Members Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances (net)
Money borrowed
-
mil. $
do
do
do
1488
5 101
1 1, 169
1
4, 132
1
Bonds
Prices:
Standard & Poor's Corporation:
Industrial, utility,
and railroad (AAA issues):
Composited1
dol per $100 bond
Domestic municipal (15 bonds) _ . .
do_ _ _ _
U.S. Treasury bonds, taxab lef
do
Sales:
Total, excl. U.S. Government bonds (SE C) :
All registered exchanges:
Market value
mil $
Face value
do
New York Stock Exchange:
Market value
do
Face value
do
New York Stock Exchange, exclusive of some
stopped sales, face value, total.
mil. $__
Yields:
Domestic corporate (Moody's)
percent. _
By rating:
Aaa
__ _ _
__do
Aa
do
A
.
do
Baa
- do
By group:
Industrials
do
Public utilities
do
Railroads
do
Domestic municipal:
Bond Buyer (20 bonds) __
_ _
-do
Standard & Poor's Corp. (15 bonds)
do
U.S. Treasury bonds, taxable©
____-do
1
539
525
550
534
581
575
645
604
622
658
636
Stocks
Cash dividend payments publicly reported:
Total dividend payments
mil $
Finance
Manufacturing
Mining
Public utilities:
Communications
Electric and gas
Railroads
Trade
Miscellaneous
-
do
do
do
2,805
9,298
601
3,154
10, 317
637
305
1,763
122
2,504
187
1,880
124
1,573
2,035
1, 678
2,174
422
680
268
446
768
314
114
245
70
76
40
316
153
25
84
26
2
146
7
26
12
118
252
113
81
54
343
156
19
107
25
3
159
9
48
14
121
258
74
73
47
349
160
27
84
26
3
160
6
29
17
7.05
7.70
3.43
3.81
4.57
6.00
7.65
8.48
3.86
4.09
4.90
6.33
7.63
8.47
3.90
4.08
4.92
6.31
7.78
8.67
3.96
4.16
4.92
6.31
8.12
9.03
3.99
4.28
4.93
6.57
8. 15
9.06
4.02
4.34
4.94
6.59
8.18
9.10
4.03
4.35
4.94
6.59
8.22
9.16
4.03
4.35
4.94
6.59
8.23
9.17
4.08
4.35
4.94
6.65
8.23
9.18
4.08
4.35
4.94
6.65
8.24
9.18
4.09
4.35
4.94
6.65
250. 31 254.52 260. 91 255. 62
Price per share, end of mo., composite
do_ __ 235. 08
284. 32 290. 30 301. 00 296. 07
258. 55
Industrials.
do
117. 08 116. 95 118.38 115. 84
108. 76
Public utilities
do
95.11
99.69 102.30
95.06
94.01
Railroads
do
r
1
Revised.
End of year.
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.
258.09
299. 67
114.86
103. 46
257. 90
300. 28
111.34
109.88
244. 95
286. 15
105. 41
102. 01
246. 67
288. 13
106. 33
102. 66
236.01
274. 18
102. 45
93.56
_
do
do
_ _ _ do
—
do
do
Dividend rates and prices, common stocks
(Moody's) :
Dividends per share, annual rate, composite
dollars _.
Industrials. .
.
__do
Public utilities
do
Railroads
do
N Y banks
do
Fire insurance companies
do
311
126
128
258
78
82
49
8.30 • ' 8. 30
9.22
9.22
4.14
4.14
4.53
4.53
5.14
5.14
6.97
6. 90
8.33
9.25
4.14
4.55
5.14
6.97
230.25 227. 17 211. 05 '207.74 220. 60
267.22 262.90 244. 39 239. 01 250. 49
92.51
99.95 101.03
94.57 104. 92
89.63
81.22
80.17
83.37
92.58
1 Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.
O For bonds due or callable in 10 years or more.
252. 36
293.20
106.81
110. 59
November 1966
SUEVEY OF CUKKENT BUSINESS
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
I 1965
Annual
S-21
1966
1965
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
3.49
3.35
3.99
4.65
3.95
2.97
3.59
3.44
4.10
4.74
4.18
3.05
July
Aug.
Sept.
Oct.
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
3.00
2.98
3.15
4.05
2 97
2.50
Earnings per share (indust., qtrly. at arm. rate;
pub. util. and RR., for 12 mo. ending each qtr.) : r
Industrials!
_
dollars
!4 29
Public utilities
do
5.41
Railroads
do
6 97
Dividend yields, preferred stocks, 14 high-grade
(Standard & Poor's Corp.)
percent-
4.32
Prices:
Dow-Jones averages (65 stocks)
294. 23
Industrial ( 3 0 stocks)
.__
834. 05
Public utility (15 stocks)
146.02
Railroad (20 stocks)
204. 36
Standard & Poor's Corporation :cf
Industrial, public utility , and railroad:
Combined index (500 stocks)
1941-43=10._ 81.37
Shares listed, N.Y. Stock Exch., end of period:
Market value, all listed shares
bil. $
Number of shares listed
millions
3.00
2 92
3 33
4.29
3 17
2.94
2.98
2 88
3 35
4.17
3 43
2.96
3. 18
3 05
3 44
4.18
3 51
2.94
r
!6 42 '14 48
5 82
5 92
7 22
8 16
3.16
3 02
3.50
4.19
3 51
2.63
3.17
3 03
3.62
3.96
3 55
2.70
3.26
3 12
3 77
3 93
3 78
2.79
3.34
3.19
3.84
4.24
4.03
2.82
3.36
3 20
3.87
4.26
3 81
2.95
r
r
!7 09
6.03
8 56
r 18 17
5 92
8 16
4.33
4.32
4.38
4. 41
4.47
4.51
318.50
910. 88
157. 88
216. 41
321. 61
922. 18
157. 51
218 86
330 89
944. 77
157. 19
231 09
335 45
953. 31
157. 11
238. 11
337. 09
955. 19
152. 00
245. 33
346. 95
985. 93
151. 26
255. 52
88.17
89.38
91.39
92.15
91.73
93.32
3.64
3.50
4. 08
4.95
4.30
2.98
3.93
3.77
4.48
5.58
4.85
3.22
'4.00
3.86
4.38
5.65
' 4. 67
3.15
3.78
3.69
3.95
5.46
3.96
2.70
14.35
6.17
17. 83
6.08
9 18
5.23
5.28
4.83
4.78
4.83
4.93
5.00
5.18
42
15
87
99
331. 16
926.43
141.49
252. 80
337. 27
943.70
140.26
260. 64
314. 62
890.70
137. 32
233. 07
311. 51
888. 73
134. 07
229. 24
308. 07
875. 87
133.72
227. 18
286. 45
817. 55
126. 68
207.91
92.69
88.88
91. 60
86.78
86.06
85.84
80. 65
77. 81
77. 13
83.11
74.74
67.89
63.11
40.31
82.01
72.67
66.67
65.41
39.44
32. 30
61.04
63.68
4.63
347
977
145
264
276. 79
791. 65
126. 20
197.05
273. 35
778. 10
129. 70
192.07
93. 48
85.26
81.94
76.08
46.78
94.93
86.91
82.34
76.10
46.96
97.20
90. 28
83.90
76.69
48.46
98.02
91. 62
83.75
76.72
50.23
97.66
91.42
83.31
75.39
51.03
99.56
93.35
84.28
74.50
53.68
99.11
93. 69
83.48
71.87
54. 78
95.04
90.28
78.96
69.21
51.52
98.17
93.54
79.28
70.06
52.33
92.85
88.78
75.12
68.49
47.00
92.14
87.34
73.75
67.51
46.35
91. 95
86. 38
73.87
67. 30
45.50
86.40
79. 81
69.91
63.41
42. 12
38.92
71.35
64.17
40.43
72. 74
60.79
39. 68
71. 68
58.58
37. 19
69.26
59. 56
37.71
70. 27
66.13
37. 24
70.93
67.86
36.10
70.51
66.98
34.11
65.19
63.28
33.67
64.17
65.27
32. 32
61. 22
63. 33
32. 39
61. 32
61.64
32.50
62.38
62.63
30,09
59.33
61. 28
28.87
57.44
59.52
72,147
2 045
89, 225
2 587
7, 993
222
9,664
279
8,603
262
11, 683
345
11,022
304
11, 169
302
12,959 ' 12,895 ' 12,257 '9,661
' 356
302
337
228
8,301
200
9,663
236
8, 750
215
60, 424
1 482
73, 200
1 809
6,662
165
7, 857
199
6,879
163
9,200
231
8,651
206
8, 789
198
10,359
224
9,893
221
9,800
209
7,772
162
6,655
141
7,805
168
7, 272
161
1,237
1,556
155
164
147
191
183
166
192
186
171
141
120
162
120
146
474. 32
9,229
537. 48
10, 058
517. 67
9,931
532. 83
9,984
530. 77
10, 013
537.48
10, 058
542.75
10,136
535. 38
10, 180
523. 93
10,245
536.36
10,276
507. 77
10,507
502.41
10, 612
497. 11
10, 733
458.66
10, 787
454.89
10,818
475. 25
10, 842
Industrial, total (425 stocks) 9 ----- do.._. 86.19
Capital goods (122 stocks).
____do
r 76. 35
Consumers' goods (181 stocks)
do_.
73.84
Public utility (50 stocks)
._do_.__
69.91
Railroad (25 stocks). . „ _ .
do_
45.46
Banks:
New York City (10 stocks)
____.__do_._.
39.64
Outside New York City (16 stocks) _ _ _ _ do. _.. 77.54
Fire and casualty insurance (20 stocks)___do_.^_
67.20
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value _
mil. $
Shares sold
millions
On New York Stock Exchange:
Market value _
mil. $
Shares sold (cleared or settled)
millions
Exclusive of odd-lot and stopped stock sales
(N.Y.S.E.; sales effected)
millions..
3.06
2. 98
3.30
4.30
3.33
2.74
T
FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Value
Exports (mdse ) incl reexports totalO
Excl Dept of Defense shipment'5
Seasonally adjusted
26 488 8 27 346 2 2 163 0 2 444 0 2 505 4 2 606 5 12 132 5 2 297 5 28176 2 600 5 2616 7 2 569 9 2,428.5 2, 348. 5 2, 499. 1
25 670 6 26 567 1 2 140 2 2 419 5 2 440 4 2 550 5 12 132 5 2 210 3 274Q7 2 464. 7 2,505 7 2,468 2 2,328.6 2, 277. 8 2, 431. 1
2,324.1 2,341.6 2, 408. 2 2, 355. 8 2, 248. 6 2, 334. 8 2,594.2 2,331.2 2,364.3 2, 485. 8 2,460.5 2,460.5 2, 579. 8
do
By geographic regions:A
Africa
Asia
Australia and Oceania
Europe
Northern North America
Southern North America
South America
By leading countries:
Africa:
United Arab Republic (Egypt)
Asia; Australia and Oceania:
Australia including New Guinea
India
•
Pakistan
Malaysia
Indonesia
Philippines
Japan.—
Europe:
France....
East Germany
West Germany
mil $
do
_
___ _ _
do
do
do
do
1, 222. 5
5, 233. 7
750.1
8, 326. 7
1, 224. 1
5, 495. 8
850.7
8, 851. 6
129.2
401.1
78.9
666.7
105.6
458.8
67.1
806.0
84. 5
480.3
66.3
857.6
91.0
525.9
60.2
880.4
85.9
400.6
56 9
765.2
86.2
447.2
60.2
790. 3
132.0
533.6
70.2
993.5
114. 4
495.6
60. 0
820.4
114.7
442.0
61.5
828.1
116. 7
497.7
64.7
773. 2
100. 9
497.0
71.5
717.1
105.7
506.3
73.0
702.8
108.8
492.6
64.9
772.3
do
do
do
4, 746. 7
2 044.8
2, 129. 7
5, 587. 1
2, 094. 6
2, 141. 7
458.5
172. 8
191.9
532.5
188.6
210. 6
528. 3
193.0
197.4
524.8
190.4
227.8
434.1
170.3
178.1
457.4
161. 3
177. 2
567.1
212.0
217.8
564. 6
176.7
196.0
623.5
186.2
213.4
606.7
187.3
193.9
506.4
188.2
223. 5
500.8
174. 2
207. 1
579.9
193.3
195.4
do
268 2
396 1
157.6
437 8
17 8
50 0
11.9
35 7
6.4
27 7
6.1
21 2
5.8
30 6
12.0
23 2
22.8
41 4
18.6
33. 3
22.6
30.8
24.3
31 3
13.2
37.2
16.5
31.1
12.7
32.5
do
do
do
do
639 6
955. 0
375 7
77.0
700.7
928.0
335.9
89.5
60 9
72.9
14 0
7.1
52.3
73.3
22 9
7.4
53.3
25.5
8.1
50.1
63. 0
42.3
8.0
46.3
62.3
17.3
2
3.0
49.9
88.4
15.8
3.7
58.8
116. 9
13.2
4.1
51.0
97. 9
11.7
4.1
47.6
63.0
16.8
3.7
54. 0
71.5
17.4
3.9
58.5
68.3
31.8
3.5
62.8
83.4
14.9
3.8
53.9
74.3
20.4
3.9
__.do
do
.do
68.1
361. 5
1,912.6
41.5
336.3
2, 057. 5
4.3
34.5
145.6
2.7
32.0
169.9
2.7
25.4
196.6
3.8
26.1
202.6
2.3
24.1
157. 9
2.9
23.9
174.6
2.5
27.5
194.3
3.1
29. 6
196. 0
2.4
26.6
174.2
3.0
29.3
189.2
8.7
27.2
173.2
4.0
28.5
202. 1
6. 6
27.6
200.9
805.9
20. 2
1,315.2
901.8
12.6
1, 501. 8
61.8
.5
114.1
78.9
1.2
147.0
86.1
.9
159. 7
88. 0
3.4
129.6
83.3
3.7
131.5
84.0
1.6
121.2
98.7
1.4
166. 1
82.6
4.2
143.9
83.2
3.4
131.0
79.5
.6
127.9
78.3
.6
118.7
65.6
1.8
123.9
86.3
3.3
131.0
do
do
_do_ _
81.7
864.4
86.5
59.5
833.4
Italy
__ _ _
do
3.1
44.4
3.1
144.6
1.5
Union of Soviet Socialist Republics
do
155.6
1,471.4 1, 564. 8 126.3 143.9
United Kingdom..
do
r
2
Revised.
^Preliminary.
1 See note 2 for p. S-22.
Beginning Jan. 1966, excludes
data for Singapore; such shipments amounted to $3.6 mil. in that month.
J Revisions prior to Sept. 1965 will be shown later.
cfNumber of stocks represents number currently used; the change in number does not
affect continuity of the series.
9 Includes data not shown separately.
69.8
68.9
65.3
75.4
67.9
81.3
74.2
71.8
88.5
85.1
1.0
.6
2.8
4.2
6.2
4.8
5.2
2.6
2.9
4.3
148.2
118.4
128.2
138.6
138. 1 175. 6
140.9
118. 0
164.1 140.0
O Beginning Jan. 1965, data reflect adoption of revised export schedule; in some instances,
because of regrouping of commodities and release of some "special category" items from the
restricted list, data for commodities and countries are not comparable with those for earlier
periods.
A Excludes "special category" shipments.
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1966
1965
1965
Sept.
Annual
November 1966
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
Exports (mdse.), incl. reexports— Continued
By leading countries— Continued
North and South America:
Canada
mil $
Latin American Republics total 9
Argentina
Brazil __
Chile
Colombia
Cuba
Mexico
Venezuela
3,737.9
310.4
457.4
303.4
567.0
564.5
623.5
606. 7
506.4
500.8
579.9
379.6
331.0
357.3
338.8
368.3
339.3
341. 8
18.1
51.2
23.3
16.0
34.2
23.3
19.2
53.6
21.5
19.0
55.1
21.8
16.3
46.4
15.5
28.0
0
98.2
49.8
24.7
0
96.8
52.1
28.1
0
101.5
56.3
24.1
0
89.3
46.1
22.2
0
101.3
52.5
22.7
35.9
23.2
22.8
52.1
26.3
16.8
39.5
20.8
16.7
31.5
22.3
18.7
53.6
20.7
do
do
- _ __do
do
246.2
C)
1, 092. 4
606.3
196.4
0)
1, 105. 2
623.7
15.5
(l)
93.1
49.9
17.2
0
98.0
58.3
18.3
0
99.2
54.0
23.9
0
99.0
56.9
18.0
C)
93.5
45.0
21.9
25.2
(l)
108.6
51.7
23.3
0
88.2
49.6
26, 136. 4 27,003.3 2, 133. 2 2, 411. 9 2, 472. 2 2, 576. 0 22,105.3 2,264.0
25,318.2 26, 224. 5 2, 110. 4 2,387.4 2,407.2 2, 520. 0 22,105.3 2,176.8
do
do
do
2 397 5
2 540 2
1 687 4
4 067 2
14*893 8
14, 076. 1
Fruits vegetables and preparations
do
TobciCPn and Tna.rmfar>t,nrfis A
do
429.4
690 2
434 7
2 579 g
*181 3
544.5
Nonagri cultural products total 9
do
19,788.9
Automobiles parts and accessories
Chemicals and related products!
Coal and related fuels
Iron and steel prod (excl adv mfs )
do
do
do
do
1 720 8
2,326.2
504 7
895.7
Machinery, total§ 9
do
6 344 8
Agricultural
do
Electrical
Metalworking§
Other industrial
do
do
do
229 0
547 3
1 540 2
'520 6
2 991 7
do
do
471 4
804.9
Petroleum and products
Textiles and manufactures
_ _ _ _
_
6, 228. 6
20,774.7
484.6
587.0
652.2
1,648.6 1, 824. 9 1, 820. 0
505.7
518.6
1,928.5 1, 599. 6
1,745.4
647. 5
2,778.2 2, 557. 9
2, 707. 3 2, 422. 1
624.8
552.3
2, 567. 8 %531.1 2, 397. 4 2,314.8 2, 456. 9
2, 456. 8 2, 429. 5 2, 297. 5 '2,244.1 2,388.9
549.6
551.1
491.0
571.0
569.0
2,153.6 2, 005. 6 2, 018. 5 1,980.1 1, 906. 4 1, 743. 8 1, 887. 9
do
18,684.0 21,366.4 1,797.6 1,997.1 1,966.7 2, 159. 9 1,828.7 1, 822. 5 2,245.7 2,071.2 2, 092. 5 2, 193. 5 2, 072. 0 2, 180. 2 2, 294. 2
do_ __
1,806.8 2,005.9 1, 903. 3 2,034.6 1,935.5 1,992.9 2, 072. 7 2, 138. 2 2, 070. 2 2, 114. 9 2, 206. 8 2, 148. 1 2, 310. 5
do
do
do
do
916.5
3, 619. 5
439.7
5, 307. 3
Northern North America
do
4, 241. 6
Southern North America
__do _ _ 1, 639. 3
South America
- d o
2, 508. 5
By leading countries:
Africa:
United Arab Republic (Egypt)
do
16.2
Republic of South Africa
do
249.5
Asia; Australia and Oceania:
Australia, including New Guinea
do
281.1
India
do
304.5
Pakistan
do
40.0
Malaysia
do
161.1
Indonesia
do
169.7
Philippines
do
387.2
Japan
do
1, 768. 0
Europe:
France
do
495.0
East Germany
do
6.7
West Germany
do
1, 171. 1
Italy _
do
526.2
Union of Soviet Socialist Republics
do
20.2
United Kingdom
do
1, 143. 2
North and South America:
Canada
do
4, 238. 5
Latin American Republics total 9
ft.
44.6
do
do
6,347.5
875.1
4, 528. 4
453.5
6, 293. 0
89.1
423.4
47.4
489.9
87.9
411.0
55.5
621.1
81.1
412.4
35.2
592.3
90.0
446.6
37.7
661.5
70.9
373.8
37.8
556.5
72.2
375.6
43.3
534.1
119.0
438.0
41.7
689.8
88.5
434.6
48.6
637.7
102.5
416.2
41.4
644.4
75.7
449.8
69.0
656.8
79.4
448.8
50.8
629.3
75.0
518.7
57.1
644.8
90.0
507.7
64.3
684.7
4, 837. 1
1, 741. 1
2, 626. 2
414.7
118.2
214.1
416.4
136.4
268.4
448.9
151.9
243.2
470.1
178.0
274.7
403.1
161.3
225.2
417.0
153.9
225.4
520.7
182.8
252.7
472.8
170.0
218.8
511.4
156.1
219.6
554.6
155.5
230.7
477.1
149.6
236. 1
516.2
156.0
212. 4
538.4
135.9
271.2
16.1
225. 1
.5
27.6
.6
16.3
.5
26.3
1.2
25.6
2.8
16.5
1.0
14.1
1.9
31.3
3.6
17.4
.8
37.2
2.0
21.9
1.4
23.1
.6
15.5
1.1
34.4
314.1
348.0
44.8
211.9
165.3
369.1
2,414.1
35.1
31.8
3.6
24.5
14.7
33.5
224.1
43.0
27.0
3.3
18.6
16.2
31.2
227.8
23.2
27.3
2.6
18.5
13.8
28.5
231.3
28.7
33.8
5.3
26.9
15.7
39.9
221.9
26.2
28.9
6.3
38.3
12.5
29.2
200.8
31.6
25.4
5.5
18.7
12.6
32.5
190.0
24.3
26.0
6.5
10.4
16.3
40.6
250.1
27.3
29.0
5.7
17.1
18.8
34.6
245.4
27.0
27.6
5.9
15.4
16.0
21.8
234.8
50.2
26.9
5.1
13.0
18.2
35.2
245.9
30.3
23.0
6.0
12.9
11.7
40.6
256. 5
35.4
27.3
4.5
18.2
16.1
39.2
303.9
44.4
30.5
6.1
16.4
15.1
45.2
281.5
615.3
6.5
1,341.6
619.7
42.6
1, 405. 3
41.7
1.4
110.4
53.1
1.9
111.8
54.7
.3
135.7
58.5
8.2
148.2
54.3
.4
133.1
58.8
3.5
137.1
61.5
1.2
131.9
67.9
5.7
165.3
47.6
.5
130.1
49.3
1.9
124.5
50.4
.4
119.7
51.6
4.8
106.0
63.8
.8
156.8
58.5
3.4
151.7
53.3
.5
131.8
56.1
3.7
138.0
61.3
.8
141.7
58.4
4.5
149.7
58.5
.6
151.3
64.9
4.5
144.1
58.4
.7
149.4
61.2
5.0
138.6
60.0
.4
144.0
71.8
6.1
148.4
56.6
1.2
169.4
60.4
3.1
166.0
4,831.9
413.5
416.0
448.6
469.7
402.5
416.9
519.9
472.8
510.8
554.3
476.4
515.0
537.4
323.8
328.7
369.1
326. 3
318.3
326.1
327.9
301.0
351.3
11.3
48.5
19.4
9.3
48.1
17.2
12.9
42.9
22.2
14.4
44.9
16.2
13.7
43.1
18.0
14.5
48.1
17.9
11.3
42.3
20.0
12.4
25.5
17.4
12.0
87.8
24.9
do
3, 523. 7
3, 676. 6
276.2
348.5
342.4
380.5
do
do
do
111.3
534.7
218.2
122.1
511.9
209.4
11.8
54.3
18.9
11.3
65.6
24.9
10.4
62.9
23.1
10.8
63.0
11.5
do
do
do
do
&i
956.4
24.1
31.4
27.0
276.7
0
0
(0
0)
63.7
637.9
39.2
47.3
84.5
70.3
1. 020. 6
68.9
r
Revised.
f Preliminary,
1 Less than $50,000.
2 Military grant-aid shipments for
Dec. 1965 (ordinarily included with Jan. 1966 data) are included in Feb. 1966 data; subsequent
months will include these shipments on a 2-months delayed basis.
3 Beginning Jan. 1966,
excludes data for Singapore; such shipments amounted to $1.0 mil. in that month.
t Revi-
375.8
434.1
25.5
39.9
21.3
do
_
344.8
524.8
18.4
32.0
31.1
do
Colombia. __
Cuba_
Mexico
Venezuela
354.5
528.3
266.0
328.6
235.3
Animal and vegetable oils and fats
___
327.3
532.5
261.6
387.8
180.9
Semimanufactures c?
Finished manufactures <_T
Excl military grant-aid
By principal commodities:
Agricultural products total 9
Argentina
Brazil
_
Chile
3, 750. 6
458.5
do
do
do
Exports of U S merchandise total OJ
Excl military grant-aid J
By economic classes:
General imports, total t
Seasonally adjustedt-By geographic regions:
Africa
Asia
Australia and Oceania
Europe
5,586.7
15.0
46.0
19.4
_
__
do
4, 774. 5
280. 4
22.8
20.6
20.7
20.1
15.0
31.6
27.8
20.9
26.8
22.6
0
0
0
0
0
0
0
0
0
0
56.5
54.6
48.9
58.7
73.1
70.1
64.8
65.5
65.2
62.9
82.2
90.9
84.6
87.1
70.8
69.0
81.7 f 111.6
110.1
84.6
sions for Jan.-Nov. 1964 will be shown later.
9 Includes data not shown separately.
O See similar note on p. S-21.
<? Data for semimanufactures reported as "special category''
are included with finished manufactures.
A Manufactures of tobacco are included in the
nonagricultural products total.
§ Excludes some "specil category" exports.
SURVEY OF CUKKENT BUSINESS
November 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1966
1965
| 1965
Sept.
Annual
S-23
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
Imports for consumption, total
By economic classes:
Crude materials
Crude foodstuffs
Manufactured foodstuffs and beverages
Semimanufactures
Finished manufactures
By principal commodities:
Agricultural products total 9
mil. $
do
do
do
do
do
3 444 1
2,034 0
do
4 104 4
Cocoa (cacao) beans, incl. shells
do
Coffee
- _ _ _ _ _ _do
Rubber crude (incl latex and guayule) do
Sugar (cane or beet)
do
Wool and mohair unmanufactured
do
Nonagricultural products, total 9
18,600 3 21 281 8 1 795 0 2 003.9 1, 952. 9 2, 129. 8 1, 800. 8 1, 806. 2 2,224.8 2,003.7 2, 065. 7 2, 175. 6 2,051.3 2,216.2 2, 287. 4
do
Furs and manufactures
do
Iron and steel prod. (excl. adv. mfs.) do
Nonferrous ores, metals, etc.:
Bauxite, crude
do
Aluminum semimfs (incl. calcined bauxite)
mil. $__
Copper, crude and semimfs
do
Tin, including o r e _ _ _ _ _
do
1, 812. 0
3 988 3
7,321 5
4 092 2
354 1
411.2
399 0
428. 6
353 3
371.6
431 2
390.4
358.3
387. 2
342.8
353.7
416.6
120.5
130.9
1, 200. 3 1, 060. 2
182 3
200 6
444. 7
458 4
235 1
205 3
14.5
83.6
15 3
48 8
20 1
8.9
128.7
17 4
50.8
17 9
7.6
125.9
17.2
41.0
18 4
7.4
113.5
17.2
51.7
17 5
13 4
93.0
94
16 7
23 7
18.0
102.5
18.3
28.8
21.1
15.4
118.2
15 2
36.3
27 9
10.1
97.1
18.7
37.8
29.2
12.6
91.2
16.4
30.1
18.5
6.2
80.2
17.2
47.2
21 4
9.3
74.6
11.3
61.8
16.2
4.6
63.8
16.1
45. 5
19.6
5.2
99.2
13.1
73.2
15.0
14 495 9 17, 189. 6 1 440 9 1, 592. 7 1, 553. 9 1 701 2 1 447 5 1, 434. 6 1, 800. 5 1, 613. 3 1, 707. 4 1,788.4 1,708.5 1, 862. 5 1, 870. 8
15.7
20 3
11.7
12.7
13.1
7.8
12 4
9.3
13 6
11.4
13.5
10.4
32.5
25 7
7.4
29. 7
23.7
16.8
30.0
29.0
18.0
30.9
26.8
9.9
116 6
819 9
128 8
6 5
6.5
49
20.2
14 7
125 8
143.0
11 1
11 4
12.7
12.4
270.5
302.2
168.6
20.3
25 4
16.5
23.9
35 4
13.1
22.6
24.3
18.1
29.1
26.8
34.2
15.5
16 0
14 6
27.0
18.1
6.3
451.7
405 5
789.6
752.5
1 872 4 2, 063. 3
36 4
70.5
164 0
36 3
67.6
172 0
41.2
67.2
150 1
37.7
78.5
200.2
31 5
68 7
99 6
33.5
63.6
178.2
42 1
75.6
215 4
35.0
71.0
157.6
39.1
78.4
154. 3
40.0
81.0
182 8
143
146
102
144
152
106
139
147
105
158
166
105
159
167
105
167
175
105
138
146
106
P143
P151
P106
p 177
P188
P106
p 160
P168
P106
p 162
p 171
P 105
p 158
p 169
Pl07
135
133
99
U53
U52
'99
154
153
99
171
170
100
168
168
100
184
184
100
156
156
100
P156
P156
plOO
Pl90
P 192
P 101
P 176
P179
plOO
P176
P 187
p 101
P185
P177
plOl
thous. sh. tons
mil. $
171 055
17 004
171 810
16 927
14 997
1 346
14 733 12 423 13 480
1 618 1 340 1 396
15 461
1,740
15 814
1 537
thous sh. tons
mil. $
233 808
13 437
255 454
14 935
21 222 22 304 20 381 24 222
1 295 1 412 1 352 1 474
19 740 20 616 24 337
1 406 1 408 1 503
thous. sh. tons
mil. $
163 3
228 7
1 844 6 2 289 4
Paper base stocks
Newsprint
Petroleum and products
__
do
do
do
199.0
340 2
111.7
9.5
9.0
7.9
17.5
15.0
25.4
35.8
10.6
26.3
78.4
17.2
OO Q
38.6
63.9
177 6
43.1
76.0
186.7
35 4
81.0
166 8
57 4
16.0
Indexes
Exports (U.S. mdse., excl. military grant-aid):
Quantity
1957-59—100
Value
do
Unit value
_
do
Imports for consumption: d1
Quantity
do
Value
do
Unit value _ _
_
do _
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):!
Shipping weight
Value
General imports:
Shipping weight
Value
Airborne trade:
Exports (incl. reexports) :
Shipping weight
Value
General imports:
Shipping weight
Value
thous sh tons
mil $
64 3
956 1
96 1
1 315 9
17 279 16 304
1 564 1 527
19 010
1 264
17 572
1 212
21 982
1,479
16 147 16 763
1 540 1 520
17 9
173 1
19 2
202 0
22 6
234 4
21 2
231 9
18 9
221 1
20 0
220 5
22 9
226 4
24.5
224. 4
21 1
240 2
20.9
225.2
18 7
208.1
16.6
183.8
81
94 0
83
144 8
87
123 9
11 7
154 7
82
112 0
73
118 2
94
150 8
89
137 1
90
129 2
9.6
142.3
91
135 3
91
135. 4
52 3
59 8
17 9
5.9
39
61.1
66 4
20 5
5.4
4.2
P 3 5. 1
22 4
506
22 4
529
22.4
550
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Ah- Carriers
Scheduled domestic trunk carriers:
Financial operations (qtrly. total) :
885
2,831
3, 306
Operating revenues, total 9
mil. $
Transport, total 9 _ _ _ _
_
do
3 278
2,805
878
Passenger
do
2 933
788
2 527
Property._ _ do
55
218
187
U.S. mail (excl. subsidy)
do
65
74
17
Operating expenses (incl. depreciation) do
2 886
739
2,531
Net income (after taxes)
do
223
79
136
Operating results:
Miles flown (revenue)
mil
822 1
79 7
83 0
940 9
78 8
85 2
Express and freight ton-miles flown do
86 7
95 0
921 6
726 9
Mail ton-miles
flown
do
17 7
19 4
19.9
219 6
184 7
Passengers originated (revenue)
do
71.4
6.1
6.3
5.9
61 9
38
4 2
49 2
Passenger-miles flown (revenue)
bil
41 9
4 2
Express Operations (qtirly.)
Transportation revenues
mil $
431. 4
106.7
412 4
Express privilege payments
do
119 3
31 1
118 2
Local Transit Lines
22 1
22 2
22 3
22 2
Fares, average cash rate
cents
21 2
574
Passengers carried (revenue)
mil
559
589
6 854
6 798
Operating revenues (qtrly total)
mil $
1 408
1 444
Motor Carriers (Intercity)
Carriers of property, class I (qtrly. total) :
Number of reporting carriers
2 i 018
1 115
Operating revenues, total
mil $
1 832
6 176
Expenses total
do
1 714
5 890
Freight carried (revenue)
.mil. tons__
'no
366
r
Kevised.
p Preliminary.
1 See note "c?" for this page.
2 Number of carriers filing,
complete reports for 1964. 3 AS compiled by Air Transport Assn. of America.
* Reflects New York City 13-day transit strike.
9 Includes data not shown separately.
854
846
747
61
22
762
49
84
99
29
6
4
5
9
4
3
5
84 9
75 9
19 8
6.3
44
78.0
79 4
20.2
5.8
40
87
96
24
6
4
9
3
2
9
7
p3886
P322
P 3 836
?388
87 1
94 1
23 8
7 4
51
91 0
98 4
22 4
7.2
49
103.9
25.6
119 1
32 5
22 3
601
P3997
876
868
775
58
21
788
45
22 3
4477
22 3
528
22 3
607
90 6
102 5
23 2
8.0
57
104.4
28 9
22 3
579
22 3
590
22 3
566
<? Beginning Jan. 1965, indexes are based on general imports, instead of imports for consumption as formerly.
§Excludes "special category" shipments and all commodities exported under foreign-aid
programs as Department of Defense controlled cargo.
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
| 1965
November 1966
1966
1965
Annual
Oct.
Sept.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
155.7
157 3
156.2
2,175
2,357
22,985
2570
Oct.
TRANSPORTATION AND COMMUNICATION—Continued
TRANSPORTATION— Continued
Motor Carriers (Intercity) — Continued
Freight carried, volume indexes, class I and II
(ATA):
Common and contract carriers of property
(qtrly.)
average same period. 1957-59=100
Common carriers of general freight, seas, adj.*
1957-59—100
Carriers of passengers, class I (qtrly.) :§
Number of reporting carriers
Operating revenues, total
mil. $
Expenses, total
do
Passengers carried (revenue)
mil
Class I Railroads
Freight carloadings (AAR) :
Total cars __•__
__ _:
_ _ _ thous __
Coal
do
Coke...
-- do
Forest products
do
Grain and grain products
do____
Livestock
do
Ore
do
Merchandise, l.c.l
do
Miscellaneous _
'_•_
_ do _
Freight carloadings, seas. adj. indexes (Fed. R.):
Total
1957-59=100
Coal
do
Coke.—
__ do _
Forest products
do
Grain and grain products
do
Livestock
'
do
Ore - .
do _
Merchandise, l.c.l
do_
Miscellaneous
do
Financial operations
(qtrly.):
0
Oppratin ' revenues total 9
mil $
Freight
do
Passenger
do
Operating expenses
do
Tax accruals and rents
do
Net railway operating income
do
Net income (after taxes)
do
Operating results:
Ton-miles of freight (net), revenue and nonrevenue (qtrly )
bil
Revenue ton-miles*
do
Revenue per ton-mile (qtrlv avg )
cents
Passengers (revenue) carried 1 mile (Qtrly ) mil
Waterway Traffic
Clearances, vessels in foreign trade:
Total U S ports
mil net tons
Foreign vessels
do
United States vessels
do
Panama Canal:
Total
-__
thous. Ig. tons
In United States vessels...
do
Travel
Hotels:
Avera^ft Pplf* ppr OCCTlpied TOOTH
"Rooms occupied
dollar^
% of totfil
Foreign travel:
U S citizens' Arrivals
thous
' Departures
do
Aliens' Arrivals
do
Departures
do
Passports issued and renewed
do
Nfational parks visits
do
Pullman Co. (qtrly.) :
Passenger -mi^es (revenue)
mil
Passenger revenues
mil $
COMMUNICATION (QTRLY.)
Telephone carriers:
Operating revenues Q
mil $
Station revenues
do
Tolls message
do
Operating expense" (before taxes)
do
Net operatinp income
do
Phones in service end of period
mil
Telegraph carriers:
Domestic (wire-telegraph):
Operating revenues
mil $
Operating expenses incl depreciation
do
Net operating revenues
do
International:^
Operating revenues
do
Operating expenses incl depreciation
do
Net operating revenues
do
137.6
150. 9
148. 8
131 9
144 3
143 1
1
1
148.9
144 3
151 7
147
568.4
483. 5
211 2
147
604.7
511. 5
213 2
147
147
188 1
142.6
59 4
147 2
127 8
53 2
29,027
5,530
29, 554
5,679
2 2, 865
2556
r 2, 482
239
2
r29
423
440
1,960
2,625
2 003
2,657
153
2,005
125
1,962
2237
639
465
241
15,693
16, 222
96
95
113
100
97
97
100
103
96
49
97
40
' 479
r
161
••231
194
2252
472
29
160
2,189
465
29
156
2,103
434
32
147
211
234
16
10
7
159 8
154
156
126.1
121.5
49.3
149.3
128.4
52.7
2 2, 790
2542
244
2198
2273
225
2
2,229
329
35
161
2,434
2
464
36
163
209
206
7
7
2, 966
2
528
2
42
2201
2283
2
241
236
232
5
7
215
19
2292
232
203
26
1,202
2 1, 583
1,373
100
99
94
105
97
75
101
107
100
105
108
107
95
98
106
103
94
98
118
103
94
100
107
98
95
94
100
99
94
96
91
97
115
34
110
36
109
33
108
32
111
32
102
31
89
31
105
34
103
36
100
37
* 53. 7
458.0
2 <73. 7
4 63. 7
98
100
80
106
102
98
83
112
102
35
99
41
107
50
114
45
112
16
102
109
14
103
149
14
101
105
13
101
91
13
97
10*208
8 836
2 668
2 316
2,518
2,207
2, 728
2,394
122
132
7 680
1 285
7 849
1 396
2 575
2 215
'l56
1 965
2 022
1,954
2,033
185 2
181. 9
1 273
4 084
103
14
101
132
351
213
172
226
23
1,143
89
13
96
232
24
91
13
95
99
13
98
813
694
963
816
670 3
659 3
1 282
18 248
709 3
697. 7
1 266
17 389
178 7
175 6
1 261
5 151
202 2
166 9
35 3
208 7
174 7
34 0
18 4
15 4
30
19 5
16 0
35
18 8
15 7
31
16 8
14 1
2 7
74, 210
10, 750
78.927
9,080
6,035
716
7,065
767
7,090
973
6,442
789
7,123
780
6,340
762
7,193
895
6,849
821
6,847
798
7,065
925
7,071
804
7,480
809
6,795
9 53
9 71
10 15
10.26
9.73
10. 43
10.49
10.45
67
127
9.46
66
117
301
330
192
153
187
333
308
195
163
200
356
459
208
188
210
149
132
94
2,625
5 492
8,730
8,572
3,837
355
292
276
181 8
l 240
3 657
10 44
10 41
9 08
9.41
49
115
9 83
70
112
60
109
9 64
i ifi
62
118
65
123
2 913
3 351
348
3 341
2 841
265
251
1 890 2*093
1 819
1 653
184
\ 330
1,133
80
36 509
33 976
3 631
258
224
189
188
59
226
195
154
134
59
200
221
155
152
59
817
231
232
158
119
84
741
227
248
131
111
104
762
280
262
163
133
176
2 534
1 219
r
r 178. 0
r
60
106
1,075
1,766
192 3
189. 9
1 261
4 151
65
122
2 218
37 76
2 014
34 55
474
449
9 38
8 04
8.15
7.66
10 938
5 922
3 827
6 496
1 924
77 4
11 750
6 272
4 188
7 076
2 091
81 5
2 964
1 573
1 064
1 765
' 538
80 4
3 056
1 620
1 108
1 873
3,104
1,637
1,124
1,849
3 210
1,669
1,185
1,890
81 5
82.7
83.6
299 4
264 2
21 1
305 6
267 4
°3 8
77 3
68 6
53
77 3
65 7
90
76.8
66.9
80.2
67.8
29 2
22 4
6 0
28.9
21.7
29 9
22.1
6 8
107 4
83 0
3 17 Q
3
11^ 2
87 0
21 0
556
27 0
21 2
50
458
530
556
5.3
6.2
92
13
96
395
300
360
250
205
66
234
97
92
94
101
93
97
82
102
9 778
8 384
62
485
32
154
2193
2
260
99
94
92
103
94
95
95
102
226
24
81
17
96
61
2,526
1,308
67
26
95
20
100
553
469
32
158
1,307
1,158
65
27
8
2103
6
97
27
98
576
360
33
150
2 1, 591
1,217
117
18
105
155 0
1, 174
1,273
113
17
99
413
34
150
154 7
155
26
73
29
83
17
95
2, 096
157 1
233
129
31
r
154 6
7
2299
2 30
2 1, 575
21
'181
"•33
1, 347
1, 533
163.3
154.7
154 5
238
r
2 15
2
2,347
T
Revised.
* Preliminary.
1 Number of carriers filing
complete reports for 1964 and
3
1965.
2 Data cover 45 weeks; other periods, 4 weeks.
Revised total; quarterly revisions
are not available.
Preliminary estimate by Association of American Railroads.
*New series. The monthly motor carrier index (ATA) is based on a sample of carriers
that represents approximately one-third of the class I and II common carriers of general
freight; monthly data back to 1955 are shown on p. 40 of the July 1966 SURVEY. Railroad
revenue ton-miles are compiled by Interstate Commerce Commission.
153 8
56
114
65
111
65
118
73
589
6.6
§Effective 1st qtr. 1965, carriers reporting both intercity and local and suburban schedules
are classified as intercity if intercity revenues equal or exceed 50 percent of revenues from
both operations.
9 Includes data not shown separately.
c? Radio-telegraph and cable carriers. Comparability of data between periods shown has
been affected by organizational changes: certain operations reported prior to 1965, and others
reported through mid-1965, are no longer covered.
SURVEY OF CURRENT BUSINESS
November 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
Annual
S-25
1966
1965
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
May
Apr.
June
July
1 360
Aug.
Sept.
Oct.
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
15, 964
16, 548
Acetylene
mil. cu. ft
1 399 1,380
1, 139
1 523 1 411 1 278 1 533 1 370
Ammonia, synthetic anhydrous (commercial)
thous. sh. tons. _ 7,634.3 8, 607. 4
737.6
762.1
701.4
832.9
846.6
816.6
920 2
851 9
1, 119. 6 1 173 8 104 2
Carbon dioxide, liquid, gas, and solid
do
97.5
87.9
84 4
87 0
88 5
100 5
101 1
5, 945. 2 6. 438. 9
Chlorine, gas (100% C12)
do__
517.2
559.6
542.0
561 5
583 2
517.1
593 5
573 3
1,264.2 1, 310. 0
Hydrochloric acid (100% HC1)
do
113.4
108.9
116.8
110.1
119.5
120 6
123 3
121 4
4, 732. 5 4 860. 0
Nitric acid (100% HNOs)
_
do
441.0
400.7
448.6
471 0
465 7
437 4
431 3
450 5
Oxygen (high purity)__
_mil. cu. ft__ 153,387 182. 404 14,426 15, 409 14, 753 15 543 16 603 16 065 18 303 17 636
352 7
3, 283. 0 3 845 1 313.7
Phosphoric acid (100% P20s>
thous. sh. tons
343 6
333 5
361 1
343 3
405 0
394 7
Sodium carbonate (soda ash), synthetic (58%
Na2O)__
_- -thous. sh. tons _ 4,947.9 4. 931. 0
422.7
398.5
414.6
431 3
411 6
423 0
386 4
439 1
137.9
Sodium bichromate and chromate
do
138 2
12 0
11 8
11.7
12 2
12 4
11 4
12 6
12 6
Sodium hydroxide (100% NaOH)
do.___ 16,389.0 6, 723. 5
530.1
580.6
563.0
584 5
604 1
532 3
605 2
628 1
Sodium silicate (soluble silicate glass) , anhydrous
564.6
thous. sh. tons__
55.2
589.8
50.8
52.3
38.7
49.6
44 7
65 4
54 7
Sodiurn siilfates (anhydrous, refined; Glauber's
1, 315. 6 1. 392. 4
salt* crude saltcake)
thous. sh. tons
123.1
125 9
121 3
128 1
120 3
111 6
129 4
119 2
22,923.5 24, 822. 0 2 088.8 2, 175. 8 20608 2 211 7 2 168 0 2 091 5 2 297 2 2 420 7
Sulfuricacid (100% HsSO^
do
Organic chemicals, production :cf
Acetic anhydride- _
Acetylsalicylic acid (aspirin)
Creosote oil
mil. lb._ 11,1399.2
do
28. 2
mil. gal__ 1 113. 3
134. 4
1, 533. 9
29.0
2 108. 4
156.5
87
3.0
7.9
DDT
mil. Ib
1 123. 7
144. 6
Ethyl acetate (85%)..
do__._ U17.7
107. 3
Formaldehyde (37% HCHO)
do
!2, 839.9 3, 085. 5
Glycerin, refined, all grades:
Production
do
320 1
353 2
Stocks, end of period.
_ _ do
27.6
24.7
Methanol, synthetic and natural..,.
mil. gal__ 1 397. 7
433.3
Phthalic anhydride
mil. Ib— i 555. 5
579.1
11 3
13.2
274.1
128.8
139 8
123 1
81
7 9
7 5
10.9
252.8
10 0
9.9
263.4
13 9
13 4
290 5
27 9
29 8
34.1
47.7
33 7
32 6
35.1
47.5
30 5
28 4
36.1
47.1
2.6
9.6
1 395
976. 1
110 1
587 4
132.6
428 9
18 634
406 2
452 6
11 9
625 9
1,323
1,463
889.8 r 855. 6
118 8 '129 8
560 5 r 577 4
127 8
121.4
394 9 r 395 3
17 868 f 17, 347
361 2
360 8
857.2
132.4
585.6
124. 6
415. 7
18,170
374 3
431 7
11 3
606 7
417.2
11 9
617 6
433 1
11 6
595 9
39.2
49.9
123 8
2 314 9
118 4
2178 3
137 9
r
47 5
130 6
27
76
135 2
31
10 5
129 0
2 8
9 0
122 3
2 9
97
278 4
12 3
80
269 9
12 0
83
309 7
14 2
11 9
290 1
14 0
10 5
296 1
315 4
28 3
24 7
42.1
53.1
28 8
30 3
39.4
55.0
28 6
28 6
36 0
49.0
9Q R
30 1
16 6
39 1
54 9
29
20
36
57
9
8
7
1
32 4
20 1
33.2
55.7
62.7
200 3
45 8
75
62.3
200 5
47 6
52
54.8
208 4
50 6
4 9
49 5
211 9
46 4
51
54 6
211 5
52 0
6 K
52
206
46
7
9
8
9
i
50.8
207 9
48 6
26 3
27.2
4 4
25 6
25.5
54
27 2
29.2
3 4
24 9
24.3
4 0
28 0
28 1
38
24 6
24.6
37
25 3
25.9
3 7
26 2
26.4
33
99 1
1,150
1,002
1,174
1, 086
1,378
2.6
2.6
7.8
2.7
6.4
30 0
39 6
57 3
2.9
90
11 4
9.1
56.0
118 1
116 6
r
2 233 6 2 205 1
116 9
2 4
r
9 5
134 0
12 2
8 7
274 6
99
9 4
390 7
OK
f>
20 4
r 39 g
54 7
24
10 0
01
C
23 g
42 2
56 2
30 5
21 7
ALCOHOL
Ethyl alcohol and spirits:
Production
^
Stocks, end of period
Use for denaturation
Taxable withdrawals
Denatured alcohol:
Production
Consumption (withdrawals)
Stocks, end of period
mil. tax gaL.
do
do
do. _
684.5
192.9
551.0
68.0
710.1
200.5
586.2
69.0
60.6
196.9
46 1
6.1
74.0
197 8
46 9
6 7
mil. wine gal
do.___
do...
296.8
296.7
3.4
315. 9
315.2
24 8
25.2
25 3
24.6
5.4
4.7
5.5
53
208
45
6
1
5
7
1
61
53 1
r 211 2
4.0 Q
A
Q
22 3
3 n
48 0
205 3
AO Q
6
A
9fl n
26 1
9 Q
FERTILIZERS
Exports, total?
Nitrogenous materials
Phosphate materials
Potash materials
Imports, total semimanufactures 9
Ammonium nitrate
Ammonium sulfate
Potassium chloride
Sodium nitrate
_ _
thous. sh. tons..
do__
_ do
do.
do
__do
do
do
do
Potash deliveries (K20)
do
Superphosphate and other phosphatic fertilizers
(100%P205):
Production. _:
thous. sh. tonsStocks, end of period
do
9,578 310.810
799 3 1, 196
7,145 3 8, 104
3 1, 053
1,026
935
157
624
120
1, 119
151
805
129
944
135
674
97
895
106
666
96
869
74
725
58
1,152
173
852
89
272
747
47
2,799
200
176
1, 195
363
14
7
227
8
21
10
136
50
15
10
183
47
g
18
181
18
11
19
139
17
177
181
192
854
73
128
736
115
15
26
290
44
20
20
284
38
15
10
175
43
10
5
82
32
12
19
33
91 A.
r(±\
( )
140
1 000
11r
398
14
14
179
17
3y088
3,342
234
307
208
250
335
238
495
626
308
147
158
3, 465
3,831
469
302
411
338
425
334
463
348
469
349
505
363
548
422
413
400
293
402
383
365
520
337
647
1, 281. 6
.8
1,459.4
.2
396.3
2, 002. 2
1, 173. 4
828. 8
2, 169. 3
1,246.7
922.6
188 0
112.6
75.4
178.1
99.7
78.4
6,250
4,227
7,304
3,425
531
3,670
3,710
169.6
15.6
21.4
585.6
51.8
49.1
324.9
388.0
919. 9
595.8
27.4
31.6
84.3
55.8
28.3
30.3
86.1
60.0
2, 002. 5
2,282.0
3,047.4
179.2
197.5
264.7
171.7
206.6
278.8
431
1,780
1 194
103
786
74
891
1 O4.
g
1,155
197
808
85
11
g
237
34
334
CKQ
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments, quarterly:
Black blasting powder
mil. Ib
High explosives
do
Paints, varnish, and lacquer, factory shipments:
Total shipments
mil. $
Trade products
do
Industrial
finishes.
do
Sulfur, native (Frasch) and recovered:
Production
thous. Ig. tons
Stocks (producers'), end of period
_.__do
.9
.2
.1
.2
396 8
371 4
167.9
90.5
77.4
146 8
73.4
73.4
164 6
85 3
79 3
165 2
84 6
80 6
621
637
3,425
670
3,346
3,281
14.0
13.5
13.1
14.5
17.0
15.9
15.6
17.5
43.6
45.0
47.7
48.8
59.0
55.9
55 2
55.1
26.5
34.3
82.9
58.4
27.1
36.7
84.8
62.2
25.0
35.7
80.6
52.6
25.7
36.3
80.1
52.7
28.0
40.5
87.8
56.3
29.2
38.5
84.3
53.0
31.7
38 8
78.6
54.2
29.7
40. 9
84.3
58.0
172.0
203.2
267.6
180.7
218.7
282.2
179. 0
215.7
279.9
177. 4
214.7
260.1
191. 5
221.6
291.1
197.6
221.4
274.6
207.3
225.1
288.7
203.2
215.6
292.7
645
r 3, 591
611
1.1
482 2
471 7
207 3
116 0
91.3
208 7
120 9
87 8
673
3,213,
3,128
664
220 9
129 2
91 7
232 9
140 7
92.2
r 200 6
r 123 3
r
77 3
708
683
2,984
3, 014
3,021
738
99O Q
132 5
88 4
677
2 975
PLASTICS AND RESIN MATERIALS
Production:
Cellulose plastic materials
mil. Ib
i 161. 3
Thermosetting resins:
Alkyd resins
do
1593.6
Coumarone-indene and petroleum polymerresins
mil. lb... i 354. 3
Polyester resins
do
1316.6
Phenolic and other tar acid resins
_. do
i 832. 5
Urea and melamine resins
do
1570.3
Thermoplastic resins:
Styrene-type plastic materials (polystyrene)
„
.
,
.
'
mil.lb- 1 1,728.9
Vinyl resins (resin content basis)
do
i 2,066.8
Polyethylene.-- __
do
i 2,613.4
r
2
Revised. . i Revised annual total; revisions are not distributed to the monthly data.
Beginning Jan. 1965, data exclude creosote in coal-tar solutions (formerly included); these
average 930,000 gallons per month in 1964. s See note "O" for p. S-21.
* Less than 500
short tons.
cfData are reported on the basis of 100 percent content of the specified material unless
otherwise indicated.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
S-26
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
November 1966
1966
1965
Sept.
Annual
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total t
mil. kw.-hr__ 1,083,741 1,156,929
97, 081
95, 722
95, 299 102, 182 105,254
94, 962 101, 899
do
do
do
983, 990 1,054,790
806, 917 861,342
177, 073 193, 448
88, 877
73, 875
15, 002
86, 985
71, 675
15, 310
86, 723
71, 260
15, 463
93, 480
76, 963
16,517
96, 468
79, 896
16, 571
86, 865
71, 577
15, 288
93, 057
74, 890
18, 167
88, 079
71, 759
16, 321
91, 630
73, 193
18, 436
96, 492 104, 678 103, 632
80,271 89, 054 87, 309
16, 221 15, 624 16, 323
do
do
806, 446
177, 544
855, 632
199, 158
69, Oil
19, 866
70,998
15, 987
70, 606
16, 117
75, 699
17, 781
77, 844
18, 624
70, 172
16,692
75,354
17, 703
71, 694
16, 385
73, 857
17,772
78, 663
17, 830
85, 581
19, 096
85, 221
18,411
do
. do
. _ do_ _
99, 751
96, 523
3,228
102, 139
98, 988
3, 151
8,204
8,001
203
8,737
8,497
240
8,576
8,323
252
8,702
8,438
263
8,786
8,520
266
8,097
7,835
262
8,841
8,527
315
8,587
8,269
318
8,929
8, 610
320
8, 875
8,600
274
8,703
8, 490
212
8,716
8,509
207
do__._ 890, 356 '953,414
83, 712
80, 488
78, 551
Electric utilities total
By fuels
By waterpower
Privately and municipally owned util
Other producers (publicly owned)
Industrial establishments, total
By fuels
By waterpower
_
96, 667 100, 559 105, 367 113, 380 112, 348 102, 282
81, 969
84, 755
84, 418
84, 035
82, 324
82, 001
84, 542
89, 682
93, 376
do
do
183, 539 '202,112 19, 021 ' 17, 771
409, 356 '433,365 '37,184 36, 824
16, 603 16, 699
36, 707 '37,042
17, 005
36, 836
16, 988
36, 183
17, 034
37, 711
17, 164
37, 800
17, 482
38, 726
19, 110
39, 159
21, 309
38, 683
21, 995
40, 212
Railways and railroads
Residential or domestic
do
do
Other public authorities
Interdepartmental
do
do
' 4, 652
353
4,721
262, 010 '280,970 24, 474
722
' 8, 783
8,290
1,791
21, 675
20, 651
167
1,789 ' 1, 858
381
22, 075
816
1,811
158
401
27, 589
866
1,923
135
406
27, 976
797
1,944
125
410
26, 024
776
1,928
151
382
24, 001
727
2,111
138
362
22, 433
689
2,144
166
350
22, 872
664
2, 231
155
340
26, 220
668
2,300
162
355
27, 667
714
2,266
166
Sales to ultimate customers, total (EEI)
Commercial and industrial:
Small light and power §
Large light and power§
367
22, 759
773
1,825
169
408
24, 866
863
1,971
120
93, 817
79, 722
14, 095
8,466
8,264
201
Revenue from sales to ultimate customers (Edison
Electric Institute)
mil $ 14,408.5 15, 158. 4 1, 332. 2 1, 284. 0 1, 242. 2 1, 288. 4 1, 326. 4 1, 324. 6 1, 304. 7 1,282.8 1, 278. 3 1, 327. 1. 1, 414. 5 1,453.1
GAS
Manufactured and mixed gas:
798
745
52
702
659
42
693
652
40
702
659
42
699
655
43
673
631
41
mil. therms-do
1,541
976
552
1,357
809
534
166
66
99
345
210
132
532
346
186
311
181
127
Revenue from sales to consumers, total 9 -mil. $_.
Residential
do
Industrial and commercial
do
165.2
117.3
46.9
130.4
87.2
42.1
16.7
7. 5
32 9
22 2
10 4
48 0
33.5
14 5
29 1
19.1
9.7
36, 298
33, 350
2,908
37, 265
34, 227
2,997
36, 239
33, 369
2,831
37 265
34, 227
2,997
37,282
34,215
3,077
37, 182
34, 182
2,958
114,340
37, 699
71, 293
118, 748
39, 190
74, 657
22, 034
3,397
17, 456
29, 748
9 407
19 069
41, 253
18, 272
22, 981
30, 043
8,821
19, 848
1,136.7
452.2
647.4
1, 816. 3
963 9
805 7
2, 748. 8
1, 675. 4
1,073 4
1, 793. 3
922.4
823.4
Residential
Sales to consumers, total 9
Residential
do
Natural gas:
Residential
Sales to consumers, total 9
Residential
do
mil. therms
do
Revenue from sales to consumers, total 9 -.mil. $_. 6, 960. 2 7, 278. 5
3, 772. 3 3,937.8
Residential
do
2, 998. 1 3, 166. 0
____•_...
______
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production
mil. bbl__
Taxable withdrawals
do
Stocks end of period
do
Distilled spirits (total) :
Production
mil tax gal
Consumption, apparent, for beverage purposes
mil. wine gal__
Taxable withdrawals
..mil. tax gal_.
Stocks end of period
do
Imports
mil proof gal
Whisky:
Production
mil tax gal
Taxable withdrawals
do
Stocks, end of period
do
Imports
mil proof gal
Rectified spirits and wines, production, total
mil. proof gal__
Whisky
do
Wines and distilling materials:
Effervescent wines:
Production
mil. wine gal__
Taxable withdrawals
do
Stocks, end of period
do
Imports
do
Still wines:
Production
do
Taxable withdrawals.
_
do
Stocks, end of period
do
Imports
do
10.14
9.06
12.62
11.51
10.74
12.58
11.32
10.59
12.48
10.99
10.44
12.25
19.82
17.63
17.59
16.70
9.24
12.94
24.81
13. 40
889. 41
4.66
22.34
26.34
9.89
12.63
890. 76 '887.20
3.66
4.99
12.31
885. 41
4.38
5.77
4.58
108. 21
100. 41
10.30
9.08
8.49
11.58
7.81
7.50
11.28
7.71
7.60
10.83
8.13
8.03
10.30
7.76
6.69
10.88
7.39
6.66
11. 07
10.31
8.73
11.83
162. 94
185. 06
15.84
19.11
20.02
19.65
17.32
17.02
275. 86
133. 17
862. 42
50.60
24.02
293. 46
' 138. 51 11.84
872. 90 865. 73
5.26
58.04
26. 62
16.26
865. 31
6.31
30.86
15.05
865. 82
7.31
36.15
10.06
872. 90
6.73
19.15
9.40
877. 94
3.34
20.59
10.58
881. 60
3.83
25.75
12.07
886. 20
5.14
23. 54
11.93
888. 94
4.52
112. 87
89.44
832. 18
40.81
126. 88
90.05
835. 85
51.10
10.91
7.94
836. 22
4.68
11.85
11.12
833. 24
5.64
13.16
10.47
832. 11
6.53
12.92
6.58
835. 85
5.95
13.28
6.20
840. 16
2.94
12.49
7.50
842. 55
3.31
15.06
7.87
846. 87
4.49
13.18
7.41
850. 07
4.00
12.71
8.15
851. 45
4.07
11.50
7.56
852. 97
4.38
4.94
6.00
849.98
2.82
7.61
7.46
847. 65
3.74
92.24
85.60
' 93. 99
64.80
8.26
5.78
10.96
8.11
10.84
7.82
6.97
4.50
6.40
3.93
6.98
4.83
8.50
5.81
8.10
5.36
9.49
6.38
8.12
5.06
5. 93
3.83
8.46
5.72
5.82
5.35
2.66
1.19
7.29
6.25
3.10
1.45
.52
.58
3.54
.09
.59
.73
3.31
.20
.77
.91
3.14
.21
.93
.86
3.10
.22
.76
.40
3.40
.11
.79
.35
3.78
.11
.88
.48
4.14
.12
.65
.49
4.26
.10
.66
.50
4.34
.13
.82
.61
4.49
.11
.47
.38
4.55
.08
.73
.54
4.66
• IP
.11
193. 28
164. 72
231. 24
14.54
232. 26
'167.13
262. 28
14.91
49.80
15.33
171. 61
1.19
112. 90
15.85
266. 87
1.37
35.72
16.25
279. 14
1.82
9.50
15.05
262. 28
2.01
7.37
12.00
254. 72
1.51
2.58
12.42
239. 59
.95
2.59
17.62
225. 26
1.38
2.26
12.89
213. 69
1.16
3.03
12.66
202. 10
1.48
2.30
14.91
188. 79
1.30
1.52
9.81
178. 58
1.02
9.63
13.10
171. 88
1.21
1.25
2.82
4.46
2.31
1.65
2.37
31.96
468. 58 128. 60 200. 11 66.74
369. 35
Revised.
{Monthly revisions for 1964 appear on p. 43 of the ,Fune 1966 SURVEY; product ion data for
all periods shown here include Alaska and Hawaii.
Distilling materials produced at wineries. __do
r
9.82
8.54
12.34
105. 90
98.64
9.99
11.33
4.50
§Da ta are n ot wholl y comparable on a year t o year t asis beef mse of c hanges from one
classif ication tc another
9lricludes d ata not s tiown se] Darately.
29.91
SURVEY OF CURRENT BUSINESS
November 1966
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1965
1965
Annual
S-27
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS
Butter, creamery:
Production (factory)
Stocks cold storage end of period
Price, wholesale, 92-score (N.Y.)
Cheese:
Production (factory) total
American whole milk
1, 441. 5
mil. Ib
66.5
do
.599
$ per lb__
mil Ib
do
Stocks cold storage end of period
do
American whole milk
do
Imports
do __
Price, wholesale, American, single daisies (Chicago)
$ per Ib
Condensed and evaporated milk:
Production, case goods:
Condensed (sweetened)
mil Ib
Evaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of period:
Condensed (sweetened)
mil Ib
Evaporated (unsweetened)
do
Exports:
Condensed (sweetened)
do
Evaporated (unsweetened)
do
Price, manufacturers' average selling:
Evaporated (unsweetened)
$ per case
Fluid milk:
Production on farms
mil. Ib
Utilization in mfd dairy products
do
Price, wholesale, U.S. average
$ per 100 lb..
Dry milk:
Production:
Dry whole milk
mil Ib
Nonfat dry milk (human food)
do__^_
Stocks, manufacturers', end of period:
Dry whole milk
do
Nonfat dry milk (human food)
..do
Exports:
Dry whole milk
do
Nonfat dry milk (human food)
do
Price, manufacturers' average selling, nonfat dry
milk (human food)-..
$ per Ib—
1,322.8
52.1
.610
73.3
161. 1
.627
1,726.5 ' 1,756. 1 ' 128. 2
1,157.4 r 1,160. 6 '81.8
77.8
124.8
.636
77.8
83.0
.641
90.8
52.1
.646
99.2
33.7
.601
92.2
26.6
.627
101.5
25.5
.643
106.2
34.3
.632
116.4
53.2
.641
114.8
84.7
.666
83.9
92.2
.717
77.3
85.9
.736
70.5
67.0
.754
126.8
77.3
119. 4
70.0
130.0
76.1
132. 4
81.0
127.6
78.3
158.7
100.2
165.6
113.0
184. 2
130.5
194. 5
138.3
169.5
116.6
156.8
105.3
145. 6
95.3
324.0
276.4
326.0
283.6
308. 6
271.0
79.3
386. 6
308.6
301.1
271.0
11.4
277.6
238.3
296.9
252.9
11.4
7.2
270.7
230.4
9.3
262.9
5.3
351.9
310.5
6.4
335.3
297.2
78.0
11.1
7.8
5.9
363. 7
315.1
10.3
386.3
335.9
9.7
399. 5
346. 4
10.8
381.9
330.7
10.3
.434
.450
.449
.457
.470
.490
.492
.501
.524
.507
.500
.517
.539
.562
.562
94.6
1, 888. 1
1,693.0
95.9
5.4
136.3
7.6
123.7
9.1
110.9
10.3
120.6
9.5
117.2
9.1
118.4
9.1
147.0
9.3
165. 6
11.2
193.2
11.0
195.4
11.6
158.1
11.3
159.1
12.2
133.8
6.9
185.3
5.9
134.8
7.5
200.6
7.5
166.4
5.9
134.8
5.2
103.2
5.4
61.9
6.6
40.2
5.8
73.6
8.5
128.3
8.4
228.2
205.8
6.1
223.4
6.9
217.2
6.0
245.1
62.8
37.3
i 65. 3
i 24. 7
2.6
2.3
5.5
2.5
3.0
1.8
10.0
2.7
8.7
2.1
2.0
2.2
9.7
3.1
4.7
3.4
9.1
4.4
8.6
2.5
8.3
3.5
10.7
4.9
8.1
3.8
5.99
6.09
6.11
6.13
6.11
6.12
6.14
6.33
6.46
6.55
6.63
6.64
6.78
6.93
7.07
9,799
4,804
4.99
9,328
4, 181
'5.28
127, 000
62, 883
4.16
340.6
7.3
125, 061
60, 577
4.24
9,404
4,055
9,446
3,866
9,106
3,722
9,556
4,070
4.56
4.64
4.62
4.43
9,865
4,352
9,254
10, 645
10, 874
11, 707
11,397
4.34
6,152
4.36
10, 506
5,187
4.70
5,270
4,218
4.55
5,026
4.54
4.54
4.45
5,849
2,177. 2
1,992. 7
88.6
'5.8
100.7
6.5
102.0
7.8
105.6
8.7
129.9
8.2
130.3
7.7
123.2
7.5
146.0
8.1
167.5
7.6
188.0
8.9
192.5
7.0
132.0
7.5
110.5
7.0
89.0
7.0
108.8
5.0
58.2
6.0
74.0
4.9
65.4
4.3
59.2
5.0
58.2
5.0
59.6
6.2
53.8
5.9
47.5
6.7
78.1
9.2
110. 0
8.7
139.3
8.8
142.3
8.2
130. 1
7.9
118.7
i 20. 0
438. 8
1.1
69.2
1.8
64.6
1.8
21.5
1.2
14.0
1.2
16.9
1.7
6.4
2.0
16.2
1.0
28.8
2.2
9.5
.5
8.3
1.2
26.0
2.6
19.7
1.4
15.6
.147
.148
.148
.149
.150
.151
.152
.156
.169
.172
.174
.195
.202
.206
1,385.6
124.3
134.8
144.2
131. 7
112. 0
127.9
161.3
160.6
139.7
143.4
138. 7
134.5
8.3
311.5
195.2
116.3
5.1
6.3
199.4
105.4
94.0
4.5
7.9
87.6
12.3
1
838.6
.146
9,426
5.44
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats rye, wheat). ..mil. bu._ 1, 385. 8
Barley:
Stocks (domestic) end of period
On farms
Off farms
Exports, including malt§
Prices, wholesale (Minneapolis):
No. 2, malting
No. 3, straight _. _
_ _
do
do
do
do
2402.9
309.9
190.1
119.9
74.4
$ per bu
... do _._
Corn:
Production (crop estimate, grain only). .mil. bu._
Grindings wet process
do
2
Oats:
Stocks (domestic), end of period, total
Off farms
.do
do
Exports including oatmeal
do
Price, wholesale, No. 2, white (Chicago)
$perbu._
Rice:
Production (crop estimate)
mil bags 9
California mills:
Receipts, domestic, rough
i_.mil. lb__
Shipments from mills, milled rice ...do
Stocks, rough and cleaned (cleaned basis), end
of period
mil. lb_.
Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers
mil. lb__
Shipments from mills milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis), end of period
mil Ib
Exports __ _
do
Price, wholesale, Nato, No. 2 (N.O.)
$ perlb._
2 411. 9
311.5
195.2
116.3
165.9
400.7
257.2
143.5
6.8
8.5
8.0
3.6
3.7
388.5
247.2
141.3
8.5
1.33
1.30
1.30
1.27
1.30
1.27
1.34
1.31
1.39
1.35
16.8
18.2
16.9
18. 1
17.1
43.4
51.8
4866
4540
4326
45.3
1.39
1.33
1.48
1.40
1.44
1.40
M9.2
r4 58. 7
7.3
1.27
1.25
1.31
1.28
1.38
1.36
1.34
1.33
1.37
1.35
1.40
1.38
1. 36
1.35
204.9
17.3
17.9
17.4
15.8
16.0
15.2
18.0
17.0
4,099
H,170
48.9
51.5
2,160
741
65.7
64.6
53.4
1, 814
1,347
468
55.3
1.29
1.27
1.29
1.24
1.25
1.22
1.28
1.24
1.28
1.26
1.32
1.25
1.33
1.27
3, 584
193.6
2 4, 171
4,099
2,818
1,137
481.6
3, 142
956
i 598. 9
4604
4566
43.3
52.9
73.6
3,142
956
66.7
1.23
1.23
1.28
1.25
1.28
1.23
1.19
1.19
1.14
1.14
1.21
1.19
2880
2959
2,900
549
461
87
783
680
103
861
704
158
783
680
103
944
806
139
4.6
124.3
4.3
5.6
6.9
1.1
.3
.6
.8
3.4
5.2
3.9
3.6
2. 3
3.2
.70
.74
.71
.70
.72
.77
.78
.78
.77
.75
.74
.78
.77
.76
.75
>-294
112
77
133
85
121
137
80
49
126
105
95
59
76
97
117
61
66
54
82
53
266
109
710
622
88
r4324
4248
475
273.1
2 76. 9
1,523
1,025
* 1, 612
1,033
59
46
185
207
72
122
180
207
158
162
143
146
80
111
99
97
168
5,575
3,665
5,711
54,020
1,547
385
1,403
442
482
408
337
400
332
360
195
316
133
291
108
253
72
288
25
365
98
271
896
232
1,312
366
1,641
i 3, 411
.083
1,356
151
.082
1,859
245
.080
1, 787
440
.082
1,641
292
.082
1,527
335
.082
1,350
207
.082
1,170
233
.083
1,002
205
.083
763
295
.083
442
219
.083
254
404
.083
623
85
.083
1,109
200
P. 083
1.24
38.0
1.23
1, 670
2,933
.086
3 393. 9
1.41
1.39
3 4, 130
1.37
1.35
3836
.78
384.9
37
Rye:
233.3
Production (crop estimate)
mil. bu_. 233.3
36.0
21.3
Stocks (domestic) end of period
do
28. 8
1.13
1.17
1.15
1.28
Price, wholesale, No. 2 (Minneapolis) _ .$ per bu_.
1.15
r
Revised.
* Preliminary.
» See note "O"
for
p.
S-21.
2
Crop
estimate
for
the
4
year.
3 November 1 estimate of 1966 crop.
old crop only; new crop not reported until
beginning of new crop year (July for barley, oats, rye, and wheat; Oct. for corn).
4.2
119.0
'4107.9
1.32
1.29
1.21
1.13
3,956
On farms
do
Off farms
do
Exports, including meal and
flour
do
Prices, wholesale:
No. 3, yellow (Chicago) _ _ _ _ $ per bu_
Weighted avg., 5 markets, all grades
do
1
r4!9.0
1.19
1.22
5
Beginning June 1965, data include shipments to Gov't. agencies.
§ Excludes pearl barley.
9 Bags of 100 Ib.
28.8
1.18
1.25
1.22
24.8
1.16
1.17
1.14
327.3
1.18
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
Annual
November 1966
1966
1965
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS-Con.
Wheat:
Production (crop estimate), total
Spring wheat ._ _
Winter wheat.
_.
_
Distribution
__mil. bu_. i 1, 291
do
1266
do
11,025
do
1, 458
436
369
421
383
392
1,339
408
931
1,708
563
1,146
1,339
408
931
919
257
662
3
536
3
131
3
1 440
541
899
694. 2
646. 5
69.4
64.2
67.2
60.6
55.2
51.0
58.8
54.3
1.83
1.58
1.70
1.84
1.61
1.76
1.84
1.63
1.72
1.88
1.65
1.76
254, 584
90.9
4,693
575, 874
23,307
101.8
431
52, 838
23,399
102.1
428
52, 816
4,314
20, 464
4, 136
2,250
5.784
5.464
4,820
25, 133
14, 779
7,096
Stocks (domestic) , end of period total
On farms
Off farms
— _
do
do
do
1, 449
390
1,060
Exports, total, including
Wheat only
_
do
do
819.5
746.2
flour
21,296
2
254
21,042
i 1,327
1303
i 1, 024
1,438
4
4
58.5
56. 3
69.5
67.9
90.4
87.7
1.87
1.64
1.75
1.86
1.66
1.75
1.89
1.65
1.77
21, 296
93.0
388
48, 105
21, 543
85.5
392
48, 642
20, 169
87.7
368
45, 735
2,826
1,775
4,314
1,924
5.875
5.577
5.975
5.600
5.988
5.617
5, 076
26, 614
13,994
7,230
478
2,406
1,304
906
492
2,390
1,412
1,261
22.86
19.79
26.21
25.81
22.50
27.17
26. 93
22.92
25.00
71, 667
19, 114
63, 708
15,386
14.89
13.2
405
80.5
83.6
77.7
72,8
67.0
76.1
71.4
68.864.1
. 74.7
76.2
71.6
1.87
1.64
1.74
1.84
1.65
1. 72
1.87
1.74
1. 78
1.98
1.89
1. 88
2.10
1.99
1.96
2.09
1.98
1.98
2.09
1.93
2.08
19, 621
89.6
357
44, 294
23, 013
90.7
416
51, 811
20,686
89.2
374
46,585
20, 628
89.0
373
46, 382
22,350 '20,037 '22,380
92.4
90.9
'88.3
'405
367
403
50, 222 45, 402 '50,400
23,053
98.7
418
51, 823
955
711
4, 086
1,155
2,532
2,492
4,228
2, 071
2,015
5.963
5.617
5.988
5.617
5. 988
5. 567
5. 913
5.540
5.925
5.567
6.050
5.800
6. 450
6. 200
6.905
6.573
470
2,334
1,497
1,403
433
2,314
1,128
710
382
2,304
1,110
484
376
2,037
943
389
459
2,232
513
370
2,103
932
466
318
2,249
961
448
325
2,397
1,151
373
313
2,236
976
443
361
2,469
1, 148
576
26.58
22.88
25.00
26.33
23.02
27.00
26.41
24. 12
29.50
26.65
24.64
32.00
27.55
26.38
37.50
28.96
27.62
36.00
27.73
26.74
35.00
26.54
26. 31
33.50
25.33
24.92
33. 00
25.26
24.15
26.50
25.73
26.07
25. 51
25.51
28.50 v 30. 00
5,475
1,228
5,421
1,231
5,503
1,357
5,010
1,263
4,719
1,161
4, 650
1,091
5,806
M,316
5,303
1,291
4, 913
1,245
4,672
1,192
4,228
1,004
5,088
1,192
5,888
1,305
20.98
22.49
23.19
24.07
26.85
27.26
27.15
24.00
21.72
22.25
22.88
22. 65
23.85
22. 57
18.1
18.7
21.6
23.7
24.8
23.9
23.7
21.4
19. 1
18.7
19.3
18.1
18.3
16.4
16.4
12, 947
4, 436
2,547
11, 710
3,450
2,157
1,106
382
342
1,032
384
392
943
359
187
910
271
161
907
254
107
785
206
80
1,033
5314
120
972
279
172
970
315
168
1,040
335
109
929
303
104
1,024
398
230
1,067
427
325
405
21.93
24.29
23.00
23.50
23.75
25.88
27.88
28.25
26.75
25.75
27. 12
24.25
23.75
24.75
24.00
29, 676
28,336
2,459
2,462
2,465
2,386
2,348
2,143
2,500
2,349
2,363
2,432
2,197
2,480
2,593
702
665
1,088
484
4
535
1,012
400
48
102
411
56
104
453
55
93
484
50
99
487
42
92
509
35
101
528
43
94
585
32
107
572
31
88
518
38
143
495
34
98
433
45
123
444
43
131
15, 653
328
57
841
15,995
269
4
46
718
1,413
201
3
71
1,410
211
4
72
1,383
244
6
65
1,397
269
3
61
1, 413
262
5
58
1, 244
256
2
64
1,367
236
3
50
1,291
225
2
65
1,359
213
2
53
1,466
219
3
103
1,346
227
2
68
1, 489
222
2
96
1,467
235
3
101
.398
.433
.450
.439
.435
.441
.449
.453
.469
.460
.442
.424
.410
.440
.448
624
13
576
12
53
10
50
13
47
12
46
12
47
10
41
11
54
13
50
18
49
20
51
22
45
26
49
22
52
21
993
1,002
1,035
943
888
858
1,078
1,008
954
914
806
942
1, 074
795
126
4
23
802
128
6
23
817
141
6
21
751
152
4
30
711
158
2
26
701
186
4
27
878
217
4
31
804
272
3
29
761
268
5
22
727
214
6
26
646
179
3
22
757
140
4
18
867
143
4
22
.542
.557
.575
.576
.622
.585
.702
.616
.675
.643
.657
.639
.625
.568
.537
.533
.552
.562
.562
.604
.552
.561
.577
.577
p . 557
.580
144
62
19
.163
146
59
16
.165
158
66
10
.158
139
62
21
.156
129
70
6
.169
114
69
15
.171
144
77
18
.160
149
94
5
.150
141
104
15
.144
136
102
15
.140
116
94
10
.143
134
73
16
.164
149
63
8
P. 158
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
2.06
$ per bu_.
No. 2, hd. and dk. hd. winter (Kans. City) .do
1.86
1.92
Weighted avg., 6 markets, all grades. _ do_ _
Wheat flour:
Production:
Flour
thous sacks (100 Ib ) 265, 621
Operations, percent of capacity
93.5
4,941
Offal
thous sh tons
Grindings of wheat
thous. bu_. 602, 209
Stocks held by mills, end of period
5,068
thous. sacks (100 Ib.)
31, 475
Exports
do
Prices, wholesale:
Spring, standard patent (Minneapolis)
5.652
$perlOOlb._
Winter, hard, 95% patent (Kans. City) _ _ do
5.390
4
2,495
2.02
1.80
2.00
1,962
'6,838 p 6. 816
' 6. 483 v 6. 434
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected) :
Calves
thous. animals..
Cattle.. . __
do
Receipts at 26 public markets
do _
Shipments, feeder, to 8 corn-belt States. _ _ _ d o
Prices, wholesale:
Beef steers (Chicago).
$ per 100 lb..
Steers, stocker and feeder (Kansas City) do
Calves, vealers (Natl. Stockyards, 111 ) do
Hogs:
Slaughter (federally inspected). __thous. animals.Receipts at 26 public markets
do
Prices:
Wholesale, average, all grades (Chicago)
$perl001b__
Hog- corn price ratio (bu. of corn equal in value
to 100 Ib. live hog)
Sheep and lambs:
Slaughter (federally inspected) ___thous. animals. _
Receipts at 26 public markets
do
Shipments, feeder, to 8 corn-belt States
do
Prices, wholesale:
Lambs, average (Chicago)
$ per 100 lb_.
51,110
390
2,416
.1,116
911
1,354
1,439
MEATS AND LARD
Total meats:
Production (carcass weight, leaf lard in) , inspected
slaughter
mil. lb_.
Stocks (excluding lard), cold storage, end of
period. _ _ _ _ _
m i l Ib
Exports (meat and meat preparations)
do
Imports (meat and meat preparations)
do
Beef and veal:
Production, inspected slaughter. ... _
_ do
Stocks, cold storage, end of period
do
Exports.
do
Imports
._
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New York)
$perlb_.
Lamb and mutton:
Production, inspected slaughter.
mil. Ib
Stocks, cold storage, end of period. _
do
Pork (including lard), production, inspected
slaughter
mil. lb_. 13, 399 11,766
Pork (excluding lard) :
Production, inspected slaughter
do
10,445
9,330
Stocks, cold storage, end of period . _
do
284
152
4
Exports..
do
133
53
Imports
do
210
262
Prices, wholesale:
Hams, smoked, composite
$perlb_.
.458
.542
Fresh loins, 8-12 Ib. average (New York) ..do
.443
.532
Lard:
Production, inspected slaughter
mil. lb._
2,153
1,772
Stocks, dry and cold storage, end of period-.do
127
62
4
Exports
do
682
251
Price, wholesale, refined (Chicago)
$ per lb._
.136
.153
r
Revised.
v Preliminary,
1
Crop estimate for the year.
2 November 1 estimate of tlle 1966 crc P-
| not 5reported until be ginning ()f new cr op year (July for wheat),
crop only; new jrain
Beginn tng Marc h 1966, d at a are f(>r receipi s at 28 TLlarkets.
See note "C)" for p. S-21.
3O1(1
4
SURVEY OF CURKENT BUSINESS
November 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
1965
Annual
s-;29
Sept.
Oct.
1966
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
FOOD AND KINDRED PRODUCTS; TOBACCO— Continued
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)
mil. lb__
Stocks, cold storage (frozen), end of period, total
mil. lb__
Turkeys
__
do
Price, in Georgia producing area, live broilers
$perlb__
7, 546
7,998
847
877
819
695
589
522
554
605
617
733
722
902
931
357
207
315
200
343
244
470
363
391
280
315
200
284
181
249
156
201
122
169
92
151
69
160
70
209
104
283
171
395
274
.137
.145
. 137
.134
.141
.140
.155
.155
.165
.150
.160
. 155
.155
. 145
.140
.120
.178.9
179. 4
14.1
14.6
14.4
15.0
15.0
13.7
15.6
15.4
15.8
14. 8
14.8
14.5
14. 3
15.1
62
58
85
51
321
95
234
81
126
64
85
51
76
38
20
28
28
24
42
33
76
42
107
55
79
62
57
60
106
52
.331
.328
.384
.391
.410
.411
.375
.412
.423
.385
.319
.325
.399
.417
. 477
Cocoa (cacao) beans:
Imports (incl shells)
thous. Ig. tons
Price, wholesale, Accra (New York)
$ per lb._
268. 4
.234
354. 4
.172
48.5
.171
32.4
.171
27.2
.184
25.2
.213
41.9
.239
57.7
.221
46.6
.233
29.2
. 259
33.5
.244
14.0
.248
20.3
.274
9.6
.270
10.3
.241
Coffee (green):
Inventories (roasters', importers', dealers'), end
of period..
-thous. bagscF__
Boastings (green weight)
___do___
4, 470
22,374
3,143
21, 680
2, 667
5,112
22, 823
7,212
21,290
5,742
1,812
551
2,666
802
2,549
736
2,254
846
1,829
488
2,013
545
2,382
529
1, 965
597
1, 818
570
1,680
560
1,570
451
1,309
153
2, 085
960
.479
1,395
.451
1,432
.445
163
.438
156
.438
146
.440
130
.440
120
.425
127
.420
130
.423
111
.413
101
.410
103
.406
75
.413
116
.410
215
230
228
231
232
230
210
175
162
162
164
178
211
248
256
198
973
1, 780 * 1, 298
1,098
973
1, 000
1,570
2,480
2, 990
2,675
2,300
1,642
1,297
1,022
4, 408
5,505
1, 903
4,152
5,796
1,966
120
355
141
612
316
114
961
150
85
932
83
39
481
1, 831
132
221
294
196
194
331
203
134
231
235
90
258
260
43
407
198
48
589
188
60
817
163
500
113
- do _
do
do
9, 706
9,671
2, 700
10,151
10, 020
2,648
1,023
1,007
1,291
826
815
1,552
786
777
2, 166
874
862
2,648
682
673
2, 738
783
111
2,600
831
817
2,519
750
739
2,514
837
825
2,300
976
967
1,982
1,038
1,028
1,670
1, 032
1,020
'1,300
1, 065
sh. tons _
4, 222
i 2, 359
121
106
137
321
76
62
1,765
155
123
75
131
'86
172
3,506
1,171
84
3, 783
1,055
82
412
137
10
444
71
7
350
85
2
430
108
8
159
38
(2)
260
106
1
313
149
4
303
117
(2>
253
46
2
344
101
4
506
154
3
380
68
(2)
612
154
3
Eggs:
Production on farms
mil cases O
Stocks , cold storage, end of period:
Shell
.
thous. cases O
Frozen
mil Ib
Price, wholesale, extras, large (delivered; Chicago)
$perdoz__
MISCELLANEOUS FOOD PRODUCTS
Imports, total
do
From Brazil _ _ _ _ _ _
do
Price, wholesale, Santos, No. 4 (New York)
$perlb__
Confectionery, manufacturers' sales
mil. $__
Fish:
Stocks, cold storage, end of period
mil. lb__
Sugar:
Cuban stocks, raw, end of period
thous. Spanish tons..
United States:
Deliveries and supply (raw basis) :§
Production and receipts:
Production
_
thous. sh. tons
Entries from off-shore, total 9 _ _ _ _ _ do
Hawaii and Puerto Rico
do
Deliveries, total?—- -~
For domestic consumption
Stocks, raw and ref., end of period
Exports, raw and refined
Imports:
Raw sugar, total 9
From the Philippines
Refined sugar, total
thous sh tons
do
do _
Prices (New York):
Raw, wholesale
Refined1.
Retail (incl N.E New Jersey)
Wholesale (excl. excise tax)
Tea, imports
3,143
5,837
3,189
5,571
3 483
5,144
.069
. 068
. 068
.069
.068
.067
.068
.069
.068
. 069
. 069
.069
.070
'.071
.071
$ per 5 Ib
$ per Ib
.657
.100
.595
.095
.594
.095
.596
.096
.604
.096
.606
.096
.605
.096
.611
.098
.615
.098
.616
.095
.617
.095
.617
.095
.619
.095
.623
'.096
.618
P. 097
thous Ib
133,592
130,358
14, 543
9,123
13,724
12, 504
10, 447
9,352
14, 677
13,778
11, 948
10,649
8, 446
9,681
13, 174
274. 6
281. 6
270.4
255.4
266.2
266.3
265.2
242.6
262.1
270.8
232.8
307.7
277.0
97.6
105. 7
113.1
116.6
114.2
118.8
118.4
132.0
123.1
141. 3
119.8 ' 110. 8
117.0
218.4
213. 5
231.3
257. 7
254.5
238.1
271.8
233.9
253.0
269.9
240.9
248.1
219.8
65.9
62.2
80.3
85.9
98.9
87.9
79.0
96.2
104.8
81.4
85.8
'89.1
59.8
164.9
161.6
168.7
175.4
185.5
172.7
188.5
163.6
164.3
159.5
147. 9
178.1
173.2
41.9
47.2
45.3
41.6
44.0
48.4
58. 5
56.0
56.4
57.5
58.1
'55.9
58. 2
.261
.261
.261
.261
.261
.261
.261
.261
.261
.261
.261
'.266
v. 279
45.5
47.5
45.1
45.3
48.9
36.5
44.6
29.6
47.7
35.4
47.6
44.7
45.4
36.5
40. 8
34.6
49.3
42.9
45.8
43.4
41.3
39.8
49.4
55.6
45.5
47.5
50.0
'45.5
40.0
$per lb_-
Baking or frying fats (incl. shortening) :
Production
mil Ib
2, 664. 1 2, 792. 5
Stocks (producers' and warehouse) , end of period
116.6
mil. lb._
121. 1
Salad or cooking oils:
Production,
_ _
do
2, 846. 1 2,773.1
Stocks (producers' and warehouse) , end of period
85.9
118.8
mil. Ib
Margarine:
Production
do
1,857.4 1,904.4
Stocks (producers' and warehouse) , end of period
41.6
48.0
mil. lbPrice, wholesale (colored; mfr. to wholesaler or
.261
.241
large retailer; delivered)
___$ per lb-_
.240
.403
762
.072
FATS, OILS, AND RELATED PRODUCTS
Animal and fish fats:A
Tallow, edible:
553. 2
Production (quantities rendered)
mil. lb._
Consumption in end products
do
464.0
Stocks (factory and warehouse) , end of period
41.7
mil. lb._
Tallow and grease (except wool) , inedible:
4,565.7
Production (quantities rendered)
do
2,301.4
Consumption in end products
do
Stocks (factory and warehouse), end of period
366.4
mil. lb_.
Fish and marine mammal oils:
Production
do
180.2
80.9
Consumption in end products
______do_ _
Stocks (factory and warehouse) , end of period
139.9
mil. lb_.
' Revised.
v Preliminary.
1 See note "O" forp. S-21.
- O Cases of 30 dozen.
<? Bags of 132.276 Ib.
530.1
434. 5
31.1
21.5
22.6
26.0
31.1
36.8
36.6
40.8
41.0
49.6
51. 0
4,302.5
2, 158. 0
368.7
187. 7
355. 8
184. 5
364.7
190.1
376.4
179.2
366.7
196.7
346.1
190. 5
370.6
208.2
338.5
188.3
366.0
208.2
378. 0
225.6
346.0 ' 375. 7 387.5
165. 7 ' 219. 1 213. 7
418.5
351.3
368.3
391.5
418.5
435.2
446. 5
410.2
414.0
357.4
352.2
382.1 ' 393. 9
190.2
79.8
17.8
7.1
9.1
6.8
8.2
7.5
3.0
7.3
.5
5.4
.3
7.0
.5
7.0
5.4
6.6
18.9
7.3
35.4
7.4
192.1
201.4
177.5
Less tllan 500 short tons
185.3
2
28. 6
5.3
'21.8
'6.6
416. 4
21.1
0.7
138.4
137.4
138. 6
151.0 ' 166. 7 177.8
185.3
135.5
168.1
158.8
9 In eludes d ata not
§Mcmthly d ata refle ct cumu ative re visions f or prior periods.
shown separate ly; see al so note ' §".
t i For dal,a on larc1, see p. 3-28.
SURVEY OF CURRENT BUSINESS
S-30
1965
Unless otherwise stated, statistics through 1964 1964
and descriptive notes are shown in the 1965
Annual
edition of BUSINESS STATISTICS
November 1966
1966
1965
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATED
PRODUCTS- Continued
Vegetable oils and related products:
Coconut oil:
Production:
Crude
mil. Ib
Refined
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) end of period
mil Ib
Imports
do
Corn oil:
Production:
Crude
do
Refined
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) end of period
mil Ib
327.6
506.0
765.4
365.4
488.1
723.5
19.7
35.6
59.6
28.7
42.3
60.8
38.2
39.9
57.1
36.8
38.5
60.3
27. 6
47.8
65.6
21.2
43.7
59.1
24.7
52.5
70.7
(d)
46.0
61.5
32.4
52.1
70.2
36.3
51.3
74.7
41.9
43.0
57.0
38.4
45.9
' 67. 1
33.2
49.5
70.6
154.0
397.1
154.4
383.6
114.9
24.8
106.8
34.4
127.0
18.7
154.4
11.1
131.7
109. 5
146.3
43.7
176.5
87.2
155.1
10. 4
143.8
31.3
147.2
50.3
149.5
10.3
190.7
51.6
190. 7
39.3
413.9
393. 1
412.2
446.1
412.8
421.5
40.7
34.8
36.6
40.1
39.0
38.5
36.5
37.3
37.6
36.0
35.3
36.6
35.4
30.3
30.0
34.3
31.2
32.2
40.5
34.7
31.7
38.0
28.8
25.4
37.1
32.7
30.3
40.0
33.9
29.6
37.5
25.4
30.9
'38.2
37.9
36.0
35. 6
38.2
38.7
40.1
26.1
35.4
32.0
28.6
26.1
30.3
29.6
34.8
40.2
52.5
60.4
63.2
'59.1
55. 1
2, 705. 7
126.8
2,756. 3
80.9
191.0
77.7
297.9
91.0
338.4
96.1
332.8
80.9
334.4
94.6
305.4
115.0
287.6
156. 7
197.4
189.6
157. 3
212.5
109.3
170. 1
72.2
133.9
'70. 8
'99.5
100. 9
63.9
1, 932. 8
1, 600. 0
1, 410. 0
1, 974. 2
1, 668. 8
1, 471. 7
132.7
95.3
133.4
212.1
149.0
145.9
236.5
176.5
130. 1
230.9
193.5
130.0
232.6
181.4
131.0
214.7
166.4
125.4
202.4
204.2
132.0
139.2
147.6
112.1
113. 4
130.8
104.7
81.1
106.3
106.2
50.6
61.2
92.8
'49.1
55.2
99.1
67.6
57.3
86.0
506.3
603.5
.141
300. 1
501.3
i .149
236.2
30.6
.135
243.6
18.1
281.1
37.9
.155
300.1
48.8
.153
335.6
49.8
.164
366.3
30.0
.168
396.0
37.7
.171
408.9
10.8
.178
391.9
11.8
.185
343.6
17.0
.192
443.6
377.2
410.1
239.4
48.7
20.4
45.9
18.8
33.5
17.1
40.9
16.3
37.5
17.3
38.1
16.8
43.1
21.3
36.4
20.0
40.9
22.0
45.2
22.6
185.5
.134
213.5
.134
184.7
.128
188.2
.128
199.9
.128
213.5
.127
216.9
.128
225.6
.128
225.9
.128
237.7
.128
260.1
.128
240.8
.128
10, 635. 2 11, 179. 1
75.4
102.6
697.2
74.2
999.7 1, 125. 6 1, 135. 2 1,163.8 1,042.7 1,142.8 1,010. 1 1,157.1 1, 040. 1
159.4
165.5
75.4
134.2
99.6
122.8
105.0
108.8
113.7
5, 235. 5
4, 547. 3
4, 423. 3
329.5
357.6
385.3
474.8
353.2
366.2
510.1
423.2
399.9
519.8
445.2
429.1
533.2
468.6
453.5
478.4
416.5
415.8
526.3
476.4
466.5
476. 6
418.0
409.5
537.8
450.9
431.9
480.8
430.2
452.3
451.8 ' 436 9 384.9
359.7
425.8 404.0
391.5 ' 449. 6 411.4
544.2
374.8
1, 273. 2 1, 026. 7
.134
.123
297.4
89.9
.138
373.0
28.5
.132
401.1
36.6
.137
374.8
168.7
.132
414.8
44.6
.142
444.2
42.1
.144
485.9
45.6
.136
521. 9
33.2
.139
582.3
47.2
.138
589.9
64.6
.132
598.2
55.1
.147
31,970
15, 245
29, 525
14, 495
5,479
39, 285
13, 523
23, 191
16, 413
23, 134
13, 838
5, 104
28,350
15, 107
44, 201
13, 877
56, 952
16, 427
4,088
39, 348
571
3,524
42, 985
525
4,577
47, 053
630
4,040
39, 582
571
3,954
45, 221
682
3, 771
48, 552
579
3,625
37,925
507
3.683
50, 71?
651
1,515
2,019
2,190
2,414
1,926
1,663
2,136
2,117
1,938
Cottonseed cake and meal:
Production
thous sh tons
Stocks (at oil mills) , end of period
do
Cottonseed oil:
Production:
Crude
mil Ib
Refined
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) end of period
mil Ib
Exports (crude and refined)
do
Linseed oil:
Production crude (raw)
mil Ib
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) end of period
mil Ib
Price, wholesale (Minneapolis)
$ per lb__
Soybean cake and meal:
Production
thous sh tons
Stocks (at oil mills) end of period
do
Soybean oil:
Production:
Crude
mil. Ib
Refined
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) end of period
mil Ib
Exports (crude and refined)
do
Price, wholesale (refined; N.Y.)
$ per ib__
4, 943. 8
4,591.8
4, 423. 6
TOBACCO
Leaf:
2 2, 228 2 1, 855
Production (crop estimate)
mil Ib
Stocks, dealers' and manufacturers' end of period }
5,582
5,664
mil Ib
514, 514 468, 075
Exports ihcl scrap and stems
thous Ib
179, 651 243,347
Imports incl scrap and stems
do
Manufactured:
180,082 166,617
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
__ .millions _ 42, 643 ' 44, 236
497, 446 511,463
Taxable
do
7,577
8,106
Cigars (large) taxable
do
Manufactured tobacco, taxable
thous. lb__ 175, 808 160, 624
23, 052
25, 144
Exports, cigarettes
_
.millions.
300.8 ' 232. 8 203. 5
2.8
3.9
2.9
.194 '.202 p. 181
15.9
20.8
'38.5
'21.3
44.1
19.1
212.5 ' 177. 2 .128
.128
188.8
p. 126
969.9
198. 9
830. 5
113.6
' 944. 0
' 130. 5
' 511. 1
'97.1
.164
460.8
78.5
p. 142
s 1, 844
5,323
50, 425
15, 382
44, 051
13, 061
71, 273
14,937
5,582
62, 288
11, 527
14, 847
14, 956
13, 666
11, 799
4,021
44, 084
658
14, 024
1,948
3,747
41,771
670
14, 505
1,920
3,694
43, 446
696
12, 651
1,701
4, 053
37, 720
445
9,958
2,290
64, 487
16, 043
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, 9H/15 Ib
$ per lb_.
Hides, steer, heavy, native, over 53 Ib
do....
2,391
11,504
106,253
2,458
13,311
7,737
190
841
10, 513
161
1,339
9,655
253
1,036
12, 703
311
1,277
9,645
241
935
13,782
295
1,236
15,623
330
1,320
11, 797
183
927
14,386
157
1,278
16,512
199
1,351
12, 075
196
971
12,306
221
1,097
12, 662
259
1,176
81,879
30,455
12,882
80,263
31,850
14,411
6,772
2,607
1,225
6,083
2,271
4,968
1,382
5,751
1,732
1,391
5,195
1,231
1,130
6,787
2,841
794
11,052
5,548
1,142
9,500
4,541
856
8,724
3,741
8,602
3,709
765
7,177
2,870
861
9,033
3,508
1,484
8,456
3,810
681
.414
.106
.541
.143
.550
.174
.575
.166
.575
.159
.625
.164
.625
.174
.700
.194
.775
.174
.675
.184
.675
.209
.650
.209
.525
.209
.565
.179
p . 525
p . 169
528
2,065
1,523
2,697
500
1,965
1,371
2,550
445
1,927
1,255
2,654
464
2,149
1,428
2,887
330
2,044
1,257
2,625
375
2,026
1,273
2,720
465
2,049
1,349
2,649
283
• 1,652
'913
1,977
443
2, 049
808
2,624
6,818
6,974
6,346
7,164
5,741
5,875
5,659
4,564
4,945
.750
.770
.940
.900
5.865
.845
.845
LEATHER
Production:
542
464
6,263
Calf and whole kip
thous. skins..
6,535
1,958 2,038 2,071
Cattle hide and side kip
thous. hides and kips.. 22,834 23,436
1,434
1,296
14,
557
1,066
12,874
Goat and kid
__..
thous. skins..
Sheep and lamb
__do
31,548 30,316 2,600 2,511 2,756
Exports:
Glove and garment leather
.thous. sq. ft.. 46,496 [4 69,953 5,420 7,169
7,023
Upper and lining leather
__do
42, 582
Prices, wholesale:
.750
.765
.735
Sole, bends, light, f.o.b. tannery
$ per lb__
.725
Upper, chrome calf, B and C grades, f.o.b. tan1.247
1.253
1.230
nery
$ per sq. ft_.
1.244
1.200
' Revised.
p Preliminary.
A Data withheld to avoid disclosure of operations of
individual
firms.
1
2
Average for 11 months.
Crop estimate for the year.
3 NOV. 1 estimate of 1966 crop.
4
Effective Jan. 1965, data are for all leather, except sole and rough; see note "O" for p. S-21.
4, 652
1.353
1.328
1. 333
1.348
1.280
1.293
1.300
1.271
s Beginning May 1966, not strictly comparable with earlier data because of change
°f JRev^ioris for 2d qtr. 1963-4th qtr. 1964 (mil. Ib.): 4,692; 4,791; 5,287; 5,355; 4,964; 5,069; 5,664.
9 Includes data for items not shown separately.
SURVEY OF CURRENT BUSINESS
November 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
| 1965
Annual
S-31
1966
1965
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
200
227
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers: t
Production, total
_
-thous. pairs
Shoes, sandals, and play shoes, except athletic
thous. pairs
Slippers
_ _ _ _ _
- d o
Athletic
do Other footwear
do
Exports
do
Prices, wholesale, f.o.b. factory:
Men's and boys' oxfords, dress, elk or side
upper, Goodyear welt
_ 1957-59=100
Women's oxfords, elk side upper, Goodyear
welt
1957-59—100
Women's pumps, low-medium quality do
612, 789
630, 012
53, 859
51, 760
50 270
52 673
52,514
53 015
61,821
53 145
54,319
54 685
46, 280
516, 124
79, 267
7,116
10, 282
535 311
85, 938
6, 712
2 351
44, 358
8,714
571
216
41, 795
9,224
503
238
40 969
8, 566
544
191
45 440
6 554
506
173
46 254
5,494
558
208
45 943
6 318
589
165
51,978
9,007
606
230
43 706
8,606
605
228
44, 473
9,057
576
213
44 841
9 022
561
261
38, 785
6,973
307
215
1 912
i 2 533
237
285
255
221
186
167
274
260
283
272
210
105.9
111 0
110 1
116.5
116.5
116.5
116.5
116 5
116.5
119.2
122.3
122.3
122.3
122. 3
122.3
106 5
111.0
107 3
113 0
106 5
112.4
109.7
117.3
109.7
116.6
109.7
117.0
109 7
118.3
109 7
119 3
109 7
119.3
111.4
121.2
111 4
121.3
111.4
121.2
111.4
122.0
111. 4
r 122. 4
111 4
122.5
LUMBER AND PRODUCTS
LUMBER— ALL TYPES
National Forest Products Association::^
Production, total
mil bd ft
Hardwoods
__ _
do
Softwoods
_ do _
Shipments, total.
Hardwoods
Softwoods
_
_ __ .
Stocks (gross) , mill, end of period, total,
Hardwoods
Softwoods..
_ _
Exports, total sawmill products
Imports, total sawmill products
SOFTWOOD
Douglas fir:
Orders, new
Orders, unfilled, end of period
Production
_
Shipments
Stocks (gross) , mill, end of period
35 408
5 891
29 517
36 158
6 129
30 029
3 349
'507
2 842
3 128
539
2 589
2 970
539
2 431
2 927
504
2 423
2 691
476
2 215
2 909
553
2 356
3 410
652
2 758
3 211
660
2 551
3 242
625
2 617
3 265
664
2 601
2 858
'631
2 227
3 241
678
2 563
3 132
665
2,467
do
do
do
35 587
6 290
29 297
36 680
6 465
30 215
3 208
537
2 671
3 163
568
2 595
2 888
550
2 338
2 912
496
2 416
2 860
507
2 353
3 040
675
2 365
3 472
*685
2 787
3 462
689
2 773
3 395
684
2 711
3 159
670
2 489
2 910
620
2 290
3 171
665
2 506
2 880
660
2 220
do
do
do
6 434
1 536
4 898
5 728
1 151
4 577
5 698
1 196
4 502
5 676
1 161
4 515
5 733
1 147
4 586
5 728
1 151
4 577
5 618
1 120
4 498
6 526
1 061
4 465
5 492
1 061
4 431
5 323
1 055
4*268
5 150
1 000
4 150
5,263
1 014
4 249
5 172
1 043
4 129
5,228
1 069
4 159
5 492
1 102
4 390
do _
do
957
5,240
i 962
5 163
77
449
87
429
67
412
131
444
70
345
77
415
74
514
99
462
98
518
98
550
82
469
88
507
86
378
8 916
607
9 289
620
719
550
739
518
752
523
848
620
723
738
691
728
1 038
923
817
906
606
652
688
614
566
537
612
419
625
424
8 967
8 845
1,075
9 256
9 277
1,079
832
823
1,007
772
771
1,043
777
747
1,073
758
752
1,079
732
840
1,063
751
701
1,113
843
843
1,113
782
835
1,084
794
860
1,027
750
726
1,052
633
643
985
716
729
972
680
620
1,032
369
136
233
i 445
i 111
i 334
34
9
25
40
12
29
26
5
22
87
6
80
31
10
21
27
11
15
32
9
23
46
11
35
49
12
37
39
9
29
33
9
24
32
6
26
30
g
22
mil. bd. ft
do
do
do
do
Exports , total sawmill products
do
Sawed timber..
- d o
Boards, planks, scant lings, etc
_ _ do
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
$ per M bd. ft
Flooring, C and better, F. G., 1" x 4", R. L.
$ per M bd. ft
Southern pine:
Orders, new. _
mil bd ft
Orders, unfilled, end of period
do
Production
_
do
Shipments
.
do
Stocks (gross) , mill and concentration yards, end
of period
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., V x 4", S. L.
1957-59—100
Western pine:
Orders, new
mil bd ft
Orders, unfilled end of period
do
Production __
__._
do
Shipments
do
Stocks (gross) , mill, end of period
do
Price, wholesale, Ponderosa, boards, No. 3, 1" x
12", R. L. (6' and over)
$ per M bd ft
81 14
82 16
83 46
82 27
82 14
82 25
83 56
83 69
88 16
92 64
93 04
88.25
85 25
84.85 *>84 85
153 07
156 85
155 79
155 79
156 43
156 44
157 63
158 64
161 61
166 84
166 84
167 43
16743
167. 43 *>168 03
6 346
281
6 864
366
591
373
572
367
534
349
542
366
564
418
508
420
761
503
578
469
533
415
585
400
492
378
534
350
491
313
6 346
6 321
6 504
6 779
582
606
548
578
541
552
545
525
504
512
507
506
625
678
568
612
578
587
622
600
520
514
582
562
567
528
1 362
1 087
102 684 1100 581
11, 709
90, 975
1 108
6 212
1 078
8 694
1 067
9* 466
1 087 1 079
7 451 10 106
1 080
7 885
1 027
11 244
983
6 927
974
10 078
996
8 991
1 002
6 903
1,022
8,897
1 061
7 364
92 7
94 3
96 0
96 2
98 0
98 7
99 8
101 2
102 2
106 0
107 5
107 3
107.1
107.8
107 8
95 3
97 1
98 8
99 1
100 1
100 8
10? 5
102 7
107 9
107 9
107 4
106.9
108.1
108 6
10 565
463
11 057
535
98 2
035
507
943
491
774
456
995
535
940
627
875
596
973
682
820
535
867
506
906
506
920
461
807
415
10 579
10 449
1 809
10 875
10 951
1 732
1 124
954
1 736
969
959
1 746
839
809
1 776
872
916
1 732
708
769
1 671
815
907
1 579
982
962
1 599
910
1 021
1 488
960
968
1 480
942
896
1 526
852
906
1 472
977
964
1 485
969
854
1 600
65 49
67 42
67 53
67 07
65 55
63 91
63 45
65 83
68 19
71 46
82 40
79 06
70.69
' 68. 74
31 9
10 1
28 5
31 2
4 0
31 2
11 1
29 0
30.2
31
2 6
11 4
26
2.7
30
2 6
11 1
2.3
2.5
31
29
11 8
2.0
2.1
28
2 o
11 1
2.6
2.4
31
30
12 0
2.3
2.2
31
o6
13 1
2.1
1.7
34
3°
14 1
2.3
2.4
35
39
15 8
1.9
2.3
30
2 3
16 0
2!o
2.4
28
28
16 4
2.2
2.4
25
30
17 3
1.8
2.3
21
2 5
17.6
2.3
2.5
18
2 1
17 3
2.0
1.9
2 0
819 6
35 6
842 2
824.2
54 5
818 4
64.3
778.7
783.3
35 4
71 6
70 2
70.7
71.4
37 0
64.0
69.2
64.6
66.4
34 9
62.0
69.8
63.9
61.4
35 8
64.2
64.3
65.9
65.0
35 4
78.0
80.5
61.4
61.7
35 0
60.7
85.3
57.0
58.0
34 4
77.2
91.6
65.5
66.1
31 7
59.0
89.3
60.6
63.5
30 5
51.0
78.7
62.1
60.7
30 7
50.2
62.0
66.0
65.9
29.0
40.6
52.1
54.9
50.4
33.5
46.3
40.7
65.6
58.7
39 9
40.6
31.4
56.1
51.6
44 4
1 096
' 730
P
67 72
HARDWOOD FLOORING
Maple, beech, and birch:
Orders new
Orders unfilled end of period
Production _
Shipments
Stocks (gross) mill end of period
Oak:
Orders, new
Orders, unfilled, end of period
Production
_ _ _ _
Shipments
___
_
Stocks (gross) mill end of period
r
Revised.
*> Preliminary,
i See note "O" for p. 8-21,
mil bd ft
do
do
do
do
do
do
do
do
do
t Revisions for Jan.-Oct. 1964 are shown in Bu. of the Census report M31A(64)-13.
^Formerly National Lumber Manufacturers Association.
Oct.
SURVEY OF CUEEENT BUSINESS
S-32
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
| 1965
Annual
November 1966
1966
1965
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
July
Aug.
Sept.
Oct.
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
.thous. sh. tons__
Scrap
_ _ ' • _ _ __do
Pig iron
4'
do
3,435
7,881
176
i 2, 496
i 6, 170
128
204
550
2
254
334
1
Imports:
Steel mill products
Scrap
Pig iron
6, 440
299
751
10,383
235
916
786
15
114
84, 093
52, 262
31, 831
84,626
7,413
90, 534
55,214
35, 320
90, 360
7,638
32. 77
34.70
218
509
1
274
417
6
174
347
1
158
419
()
159
342
2
143
440
1
126
429
2
142
607
()
116
532
(2)
126
454
()
106
2,468
2
892
18
101
939
20
96
672
24
106
668
21
38
538
15
62
776
91
32
715
146
88
919
17
137
1,014
19
104
1,082
24
174
1,090
23
95
1,089
23
208
7,034
4,434
2,600
7,009
7,213
6,957
4,199
2,758
6,741
7,432
6,566
3,835
2,732
6,498
7,502
7,109
4,153
2,956
7,001
7,638
7,134
4,175
2,959
7,455
7,322
7,247
4,267
2, 980
7,272
7,305
33.36
35.00
30.67
31.00
29.30
32.00
29.58
31.50
31.25
33.00
32.36
33.50
32. 89
36.00
33.32
36.50
30.02
33.50
28.71
32.75
28.40
30. 50
29. 54
31.00
29.54 * 28. 83
29.50 *28.00
384,836
3 85, 184
42,417
87,420
85,801
45,105
10,282
10,366
3,894
8,892
9,955
4,093
4,543
6,294
4,131
4,164
2,643
3,123
4,712
1,882
1,898
4,497
1,751
1,489
5,038
2,057
2,219
6,892
6,958
3,432
9,992
11,655
3, 502
10, 784
11,953
5,154
10,348
12,364
4,004
10,125
11, 322
5, 677
U.S. and foreign ores and ore agglomerates:
118, 325
Receipts at iron and steel plants
do
Consumption at iron and steel plants
do_-__ 122,197
6, 963
Exports
do
71,677
10, 752
At mines •
do
57, 184
At furnace yards
do
3,741
At U S docks
do
121,964
125, 143
i 7, 085
68, 781
12,290
53,997
2, 494
13, 224
9,764
544
66, 357
12,486
51, 641
2,230
12,929
8,976
778
69,466
11,424
55, 594
2,448
10, 050
8,213
331
70, 718
10, 732
57,430
2,556
5,266
8,699
437
68,781
12, 290
53, 997
2,494
3,069
9,595
275
65, 170
15,120
47, 562
2,488
3,232
9,499
396
61, 466
17, 866
41, 295
2, 305
3,976
11, 127
408
56, 881
20, 847
34, 144
1,890
8,841
10, 897
593
54, 613
20, 781
32, 088
1,744
15, 421
11, 658
1,048
56, 673
19, 118
35, 852
1,703
15,370
10,941
829
60, 018
17,949
40, 278
1,791
14, 628
10, 758
813
62, 357
15,933
44, 148
2,276
15, 470
10, 562
778
66, 009
14, 736
49, 056
2,217
15, 424
10,941
922
105
125
98
154
117
92
76
83
109
132
128
142
97
6,327
6,502
6,910
7,024
6,834
6,956
7,937
7,853
8,241
7,837
7,659
7,645
7,732
/
do
__do
do
-
2
2
2
Iron and Steel Scrap
Scrap for consumption, total.Home scrap produced
Purchased scrap received (net)
Consumption total
thous. sh. tons__
do
do
do
Prices,' steel scrap, No. 1 heavy melting:
Composite (5 markets)
$ per Ig. ton
Pittsburgh district
- do
Ore
Iron ore (operations in all U.S. districts):
IVEine production
thous Ig tons
Shipments from mines
do
Imports
- — do_
5,383
53. 539
2, 482
1,032
1,272
85, 601
86, 382
88,173
88,945
6,690
6,794
6,310
6,378
5,880
5,930
2, 461
2,329
2,446
2,460
2,450
2,329
2,235
2,160
62. 75
63. 00
63.50
62.75
63. 00
63.50
62.75
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63.50
62. 75
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63.50
62.75
63. 00
63.50
62. 75
63.00
63.50
62.75
63.00
63. 50
62.75
62.75
63.00 P63.00
63.50 P63.50
882
15,713
9, 171
881
1,322
777
876
1,273
732
842
1,178
689
882
1,255
696
916
1,227
661
977
1,229
671
975
1,469
825
1,004
1,378
801
953
1,390
793
1,000
1,405
819
'1, 036
1, 119
669
1,020
1,342
779
174
1,136
648
176
90
54
172
95
54
174
93
52
174
101
59
176
98
56
174
97
55
187
112
67
194
97
57
187
97
59
186
99
62
196
73
46
198
95
60
9,949
124.6
9,296
112.7
8,822
110.5
9,627
116.7
10, 577
128.2
10, 249
137.5
12,083
146.5
11, 569
144.9
12, 191
147.8
11,403 10, 791
130.8
142.8
11, 130
134.9
393
171
138
404
160
128
428
157
128
436
175
145
443
175
145
452
168
137
525
209
173
582
184
152
629
190
158
620
201
168
'644
138
114
654
174
147
569
172
134
573
178
139
580
187
145
589
190
148
6,,698
333
516
827
96
6,237
265
523
833
99
6,200
323
512
777
111
6,061
313
529
698
143
6,602
335
536
675
146
6, 734
301
490
684
140
8,282
349
609
838
165
8,174
324
600
819
155
8,221
334
596
822
152
8, 033
318
582
815
158
7,179
278
548
758
149
7,788
312
582
797
142
7,718
314
570
781
148
1,036
972
1,083
13, 199
Bars and tool steel, total
__
do
14.488
626
592
644
8,401
Bars: Hot rolled (incl. light shapes)
do
9,344
264
237
291
3,229
Reinforcing. __ .
_ ._ _ __do
3,150
132
137
139
1,467
1,877
Cold
finished
. do _
534
566
588
8,137
Pipe and tubing
do__
8,689
228
226
248
3,105
Wire and wire products
-do
3,484
360
631
275
6,083
6,659
Tin mill products
do
34, 222
36,733 2,733 2,327 2,116
Sheets and strip (incl. electrical), total- _ _ d o _ _ _
600
662
797
9,948
10,630
Sheets: Hot rolled
do _
880
985
1,178
15, 699
16, 571
Cold rolled.
do __
Steel mill products, inventories, end of period:
15.6
14.3
17.0
11.2
Consumers' (manufacturers only). .mil. sh. tons12.9
4.2
4.4
5.2
62.4
68.7
Receipts during period——
_.do
5.7
5.6
5.4
60.5
67.0
Consumption during period
_ _ . do
4.5
4.6
4.6
4.1
Service centers (warehouses)
do
4.5
Producing mills:
8.3
8.3
8.2
9.1
In process (ingots, semifinished, etc.)
do._8.5
7.3
7.4
7.3
8.7
Finished (sheets, plates, bars, pipe, etc.)-do__7.9
.0837
.0838
.0837
.0837 .0837
Steel (carbon) , finished, composite pricef- _ $ per lb.
r
c
Revised.
» Preliminary.
Corrected.
1 See note "O" for p. S-21.
2
3
Less than 500 tons.
Revised total: monthly revisions are not available.
IBeginning Jan. 1964, the composite reflects substantial changes in products and weights
used and is not comparable with earlier periods. The new composite price is based on AISI
964
587
233
134
592
240
302
2,280
656
997
1,013
649
207
147
604
256
382
2,655
751
1,243
1,041
681
208
143
712
239
390
2,737
790
1,263
1,284
818
281
173
887
318
527
3,305
948
1,513
1,279
797
297
175
874
327
535
3,260
919
1,494
1,321
830
301
179
886
344
559
3,207
894
1,455
1,324
820
313
180
900
334
582
3,021
842
1,307
1,162
719
292
143
859
279
534
2,613
756
1,114
1,264
772
304
177
864
317
558
2,952
833
1,289
1,268
797
289
173
776
305
510
3,046
904
1,338
12.9
4.4
5.8
4.5
12.0
4.9
5.8
4.9
11.3
4.9
5.6
4.7
10.9
5.9
6.3
4.7
10.8
5.9
6.0
4.7
10.9
5.9
5.8
5.0
10.6
5.6
5.9
5.0
10.9
4.7
44
4.9
'11.2
'•5. 7
54
'5.1
pll.O
Manganese (mn. content), general imports
do
Pig Iron and Iron Products
Pig iron:
Production (excluding production of ferroalloys)
thous. sh. tons__
Stocks (consumers' and suppliers'), end of period
thous. sh. tons__
Prices:
Composite
---$ per Ig. ton__
Basic (furnace)
do
Foundry No 2 Northern
do
Castings, gray iron:
Orders, unfilled, for sale, end of period
thous. sh. tons__
Shipments total
do
For sale
do
Castings, malleable iron:
Orders, unfilled, for sale, end of period
thous. sh.tons__
For sale
do
855
14,316
«• 8, 132
122
1,001
589
r
Steel, Crude, Semifinished, and Finished
Steel ingots and steel for castings:
Production
.
thous. sh. tons 127,076 3131, 462
135.3
130. 5
Index
- -daily average 1957-59=100
Steel castings:
Orders, unfilled, for sale, end of period
436
337
thous. sh. tons__
1,961
1,835
Shipments, total
- - _~ do
1,570
1,471
For sale, total
• _ _ _ --do
Steel forgings (for sale):
589
459
2,045
1,759
Shipments, total
--do _
1,592
Closed die (drop, upset, press). ._
do . _ 1,350
Steel products, net shipments:
Total (all grades)
do
Semifinished products.
_ ._ „ do
Structural shapes (heavy), steel piling— do____
Plates...
do _
Rails and accessories
do
84, 945
4,229
6,085
8,491
1,395
92, 666
4,528
6,798
9,764
1,523
11,280
141.3
?5.7
P5.9
P5.2
9.6
P9.7
9.8
9.5
9.0
9.0
9.2
8.5
9.1
9.5
8.0
8.3
PS 4
8.1
8.1
7.9
8.2
8.3
7.8
8.1
.0843
.0851 ".0846
.0842
.0843
.0839
.0839
.0839
.0839
.0839
net shipments of carbon steel and is the average price of all finished carbon steel products
(except rails and wire products) weighted by tonnage. Prices used are base prices at Pittsburgh; the average includes an additional 25% for "extra" charges but does not include freight.
SURVEY OF CURRENT BUSINESS
November 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1966
1965
1965
Annual
S-33
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
474
386
3,609
366
422
3,365
427
349
3, 466
431
413
3,435
301
393
3,282
Oct.
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products
Fabricated structural steel:
Orders, new (net)
thous sh. tons
Shipments
_
do
Backlog, end of period . _ _ _ _
.do
4, 500
4,241
2,712
4,868
4,321
3,151
438
383
3,179
327
411
3,177
415
365
3,199
325
413
3,151
423
339
3,222
456
345
3,273
538
440
3,347
504
407
3,382
1,154
24,312
1,226
24, 132
1,323
2,045
1,273
1,975
1,298
1, 920
1,226
1, 994
1,930
2,017
2,455
2,592
4,737
4 4, 928
497
406
393
333
333
340
427
420
444
478
2, 754. 5
726. 0
218.7
56.0
237.2
62.0
236.5
62.0
245.0
62.0
247.3
59.0
223.5
58.0
249.0
72.0
240.7
70.0
252.3
69.0
245.0
252. 8
527.3
65.4
i 203. 6
39.6
4.9
17.6
42.8
6.9
13.2
41.6
7.0
14.5
55.3
9.4
18.1
25.2
7.3
19.0
51.9
8.3
12.8
57.7
12.1
17.4
54.5
9.9
10.7
52.5
10.7
13.0
51.7
12. 7
15.7
37.2
11. 7
13. 2
40.5
12.0
13.1
39.6
9.5
16.4
96.9
.2372
64.8
.2451
71.0
.2450
76.8
.2450
75.0
.2457
64.8
. 2450
78.3
.2450
71.8
.2450
64.8
.2450
60.3
.2450
67.7
.2450
63.1
.2450
70.0
.2450
.2450
. 2450
7, 063. 5
4; 834. 9
2,273.9
21,253.7
8, 025. 5
5,688.2
2, 618. 6
1, 409.0
643.7
463.5
200.7
117.2
635.2
462.3
191.4
117.5
664. 9
466.5
195.8
124.2
638.6
683.9
500.2
489.6
224.7 219.0
125.4 2 137. 2
715.4
512.1
236.5
140.4
802.8
592.5
267.8
149. 5
730.1
552.5
253.7
135.6
761.9
585.5
274.8
131.0
* 774. 5
r 594. 1
275.0
' 133. 1
649.1
520.1
241.1
102.8
764.2
569.7
259.4
133.8
1, 246. 8
1,656.4
1,259.9
396.5
332.4
1, 351. 7
1,711.8
1,335.7
376. 1
429.4
107.9
133.1
101.1
32.0
36.6
114.6
143.5
107.4
36.1
40.9
110.1
137.6
106.6
31.0
36.7
107.8
144.0
114.3
29.8
40.7
118.2
127.7
99.8
27.9
37.8
107.1
127. 2
101. 7
25.6
29.6
123.7
148.6
120.4
28.2
42.3
120.7
137. 9
111.8
26.1
43.5
126.6
144.8
117.1
27.7
47. 4
121.6
152.9
118.2
34.8
43.7
do
do
584.8
137. 7
523. 8
137.4
39.0
11.4
55.4
18.3
63.8
16.4
36.3
11.8
35.0
11.6
41.1
9.8
45.2
13.1
43.0
10.0
50. 1
13.0
33.0
7.3
54.1
9.8
do
do
do
430.6
316.2
1, 859. 2
1422.1
i 325. 0
2, 042. 6
29.0
22.0
183. 2
32.2
26.3
178.2
32.5
25.5
165.8
30.5
22.1
176.7
25.7
20.4
189.6
27.4
18.4
197.4
45.7
38.0
219.5
35.3
30.9
202. 7
31.5
27.5
188.3
23.7
21. 2
211.0
39.4
34.0
P133.4
do
do
$ perlb._
149. 6
110.0
.3196
161.3
112.9
.3502
132.8
93.3
.3560
130.8
90.6
.3568
128.6
84.9
. 3641
161.3
112.9
.3586
5178.3
114.5
.3613
204.8
132.8
.3604
205.7
132.5
.3612
183.8
124.3
.3615
181.8
124.5
.3603
212.6 P250.3 'P254.9 * 251. 3
153.8 P193.6 v 204. 2 » 191. 9
.3609
.3596
.3593 .3602
Copper-base mill and foundry products, shipments
(quarterly total) :
Copper mill (brass mill) products
mil Ib
C op per wire mill products (copper cont ) do
Brass and bronze foundry products
do
2,787
1,992
1,063
2,977
2,177
1,075
716
524
249
Lead: A
Production:
Mine, recoverable lead
-thous. sh. tons._
Recovered from scrap (lead cont )
do
286.0
541.6
301.1
554.0
25.9
48.0
26.0
48.4
25.8
45.8
29.2
46.3
24.9
46.8
23.6
44.7
29.6
50.8
26.2
43.6
26.8
46.6
25.7
45.8
' 24. 8
38.4
27.0
44.5
334.2
1, 202. 1
344.4
1, 241. 5
24.2
107.2
37.7
113. 2
25.1
110.5
34.3
103.4
30.3
103.3
30.0
99.3
39.9
112.5
27.5
104.6
25.3
111.6
42.4
108.2
32.3
92. 4
40.3
111.8
Barrels and drums, steel, heavy types (for sale) :
Orders, unfilled, end of period
thous__
Shipments __
_ _ _ .._ _ __ do. _
Cans (tinplate), shipments (metal consumed),
total for sale and own use
thous. sh. tons__
' 483
574
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tons__ 2, 552. 7
Recovery from scrap (aluminum content).. do
657. 0
Imports (general) :
Metal and alloys, crude __ _
do
392.4
Plates, sheets, etc
_•__
_do
49.7
Exports, metal and alloys, crude
do
208.6
Stocks, primary (at reduction plants), end of
period
thous sh tons
Price, primary ingot, 99.5% min
$ per lb__
Aluminum shipments:
Ingot and mill products (net)
Mill products, total
Plate and sheet (excl. foil)
Castings
mil Ib
do
do
do
Copper:
Production:
Miine recoverable copper
thous sh
Refinery, primary
From domestic ores
From foreign ores
Secondary recovered as refined
Imports (general) :
Refined unrefined scrap (copper cont )
Refined
Exports:
Refined and scrap
Refined
Consumption refined (by mills etc)
Stocks, refined, end of period.
Fabricators'
Price, bars, electrolytic (N.Y.)
.
Imports (general) ore (lead cont ) metal
Consumption total
tons
do
do
do
do
do
do
862
625
280
756
596
277
107, 1 ••114.9
135.0
136.0
107.9
106.6
29.4
27.1
41. 6
40.8
'41.6
7.4
117.7
151. 0
116. 9
34.2
37.6
54. 6
9.2
21.6
33.5
17.5
26.3
*>205.2 P211.6
44. 3
98.4
106.8
105.3
104. 7
101.6
106.8
107.2
109.1
114.6
113.1
111.1
114.6
119.2
133.9
38.1
113.4
25.9
103.2
24.3
95.5
25.0
92.2
25.7
98.9
25.9
103.2
26.2
101.3
25.8
99.3
23.2
105.9
21.2
98.8
23.9
99.0
25.8
98.8
25.6
107.3
23.0
104.8
71.5
. 1360
48.1
. 1600
53.8
.1600
52.2
.1600
51.1
.1600
48.1
.1600
49.0
.1600
52.3
.1600
47.1
.1600
48.1
.1600
46. 3
.1514
42.1
.1500
42.5
.1500
45.3
.1500
. 1500
Tin:
Imports (for consumption) :
Ore (tin content)
_ Ig. tons _
Bars, pigs, etc
.do. _
Recovery from scrap, total (tin cont.)
do
As metal—
_ _
____do __
Consumption, pig, total
.do. _
Primary. ._
. _ _
_ _do_- -
(3)
31,584
23,508
3,334
82, 890
58, 586
4,326
40,814
23,580
3, 155
84, Oil
58,550
37
4,015
1,885
265
5,990
3,995
792
2,552
1,990
250
6,205
3,960
19
4,348
1,955
270
6,280
4,185
669
7,735
1,990
345
6,170
3, 930
280
3,499
2,050
300
6,495
4,435
317
4,070
1,995
270
6,470
4,555
0
2,001
2,335
300
7,775
5,480
29
4,363
2,058
205
7,245
5,170
1,224
4,016
2,270
335
7,500
5,205
100
2,542
2,440
280
7,475
5,150
2,837
1,780
270
6,320
4,680
566
4,206
1, 000
3,816
44,041
24, 343
1. 5772
13, 064
27, 656
1. 7817
364
24, 350
1. 9190
149
25,315
1. 8532
131
26, 385
1. 7676
148
27, 656
1. 7423
303
27, 180
1. 7875
290
116
27, 245 27, 130
1. 7810 1. 7398
782
26, 315
1. 7424
408
24,385
1.6928
145
24, 970
1.6077
197
23,380
1. 5987
80
23, 580
1. 5642
50.1
48.6
48.7
53.8
49.9
51.8
47.9
'45.8
49.1
42.1
17.8
35.0
22.0
32.9
18.9
39.5
21.6
35.3
14.0
32.8
26.3
43. 1
28.3
26.5
21. 6
70.9
23.8
Price, pig, Straits (N.Y.), prompt
do
$ perlb__
Zinc:A
Mine production, recoverable zinc
51.6
51.5
51.7
574.9
611.2
thous. sh. tons__
Imports (general) :
42.2
34.8
36.2
429. 4
357. 1
Ores (zinc content)
__
__do
14.0
20.7
2.7
118.3
153.0
Metal (slab, blocks)
_ _.
do _ .
Consumption (recoverable zinc content) :
10.4
10.4
4122.9
8.6
105.9
Ores____
___do_-19.1
18.4
18.6
222.5 4 265. 1
Scrap, all types.
do. _
* Revised.
* Preliminary.
1 See note "O" for p. S-21.
2 Monthly data (1962-64),
revised to 1962 canvass of nonferrous producers, are available; 1965 estimates reflect the revised
benchmark. Beginning 1966, estimates are derived from a new sample and are not3 comparable with earlier data; revised Dec. 1965, based on new
sample, 137.5 mil. Ib.
Data
4
for Sept. 1963-Apr. 1964 are in terms of gross weight.
Revised total; monthly revisions
.3633
865
650
296
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content), ABMS
thous. sh. tons__
Refiners' (primary), refined and antimonial
(lead content)
_ _ ... thous. sh. tons _
Consumers' cf
__ _
do.
Scrap (lead-base, purchased), all smelters
thous. sh. tons-_
Price, common grade (N.Y.)
_ _ _ _ _ _ _ $ perlb__
Exports, incl. reexports (metal)
.2450
.1424
7,425
5,260
290
1. 5412 1. 5451
62.1
25.7
9.3
9.7
10.4
10.5
9.7
9.9
9.6
10.3
10.4
18.6
18.9
18.9
19.4
18.7
18.6
19.0
19.2
18.9
5
are not available.
Beginning Jan. 1966, total includes copper (totaling 10,900 tons end of
Jan.1 1966) held by nonconsumers, etc., not previously covered.
d Consumers' and secondary smelters' stocks of lead in refinery shapes and in copper-base
scrap.
§ Stocks reflect surplus tin made available to industry by GSA.
A Beginning
Aug. 1964, data reflect sales to the industry of metal released from the Government stockpile.
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
Annual
November 1966
1965
Sept.
Oct.
1966
Dec.
Nov.
Feb.
Jan.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PROD.— Con.
Zinc— Continued
Slab zinc: A
Production (primary smelter), from domestic
i 954 i 1994 4
and foreign ores
thous sh tons
Secondary (redistilled) production.
do
183.6
i 71.6
Consumption, fabricators' __ ._ _
do
i 1, 207. 3 11,354. 1
Exports
do
26 5
59
Stocks, end of period:
Producers', at smelter (AZI)cf
do
31.2
30.1
Consumers'
-do _
107.5
145 4
Price, prime Western (East St. Louis) _ $ per lb__
.1357
.1450
85.4
87.0
88.8
119 1
123.5
86.8
84.0
82 2
118.6
97.8
124.0
84 0
87.5
84.2
89.1
89.9
79.9
6.2
117 8
116.5
113.2
5.7
117.0
112 5
116.1
127.0
27.3
129.3
.1450
30.3
130.8
.1450
27.2
124.5
.1450
30.1
145.4
.1450
32.2
158.1
.1450
29.7
156.0
.1450
1.0
13.1
.9
12 4
.9
11 0
9.0
.7
.8
87
7.1
7.7
8.1
8.1
8.6
64.8
36.1
68 4
35 9
53 7
32 8
40.2
35.7
45 1
35.4
42.1
36.7
46.6
42.3
39.9
qo 7
44.5
54.2
226.6
31.7
212 7
26.1
190 0
22 1
196.5
23.9
162.5
18.2
180.7
19.6
227. 2
23.6
187.5
23.3
227.6
141 8
259 0
185 5
144 I
105 6
82.9
57 3
648.9
38 1
6
673.1
42 2
103. 7
83 5
236 6
5.3
2
6.0
.2
5.2
6.0
.8
(4)
6.0
.1
(4)
.1
28.8
166.7
.1450
5.7
.1
33.2
159. 7
.1450
6.0
(4)
5.9
5.9
.1
5.9
.1
48.9
r
153.9
.1450
46.3
145.4
. 1450
6.8
.5
.7
10.6
52.6
58.7
38.7
58.5
64.6
54.8
177.4
22.1
208.3
25.2
131.4
13.7
173.2
19.5
670.2
47 2
695.1
70 9
6 92. 8
69 8
6 128. 1
99.4
688.1
70 2
218. 6
698.3
79 0
194 1
39.9
154.9
.1450
42.1
147.3
.1450
.1
(4)
M3.3 47.5
.1450
.1450
HEATING EQUIPMENT, EXC. ELECTRIC
Radiators and con vectors, shipments:
Cast-iron
mil. sq. ft. radiation
112.6
9 2
113.2
Nonferrous
_ _ _ do
115.3
Oil burners:
585.5
Shipments
- -thous .. 1569.7
7
Stocks, end of period ._
_ _
do _ _
55. 6
35.7
Ranges, gas, domestic cooking (incl. free-standing,
set-in, high-oven ranges, and built-in oven
broilers)
-- thous _ 1 2,040.2 2, 244. 5
Top burner sections (4-burner equiv), ship... do
342.6
304.8
Stoves, domestic heating, shipments, total _ _ _ d o
1.61,733.2 1, 647. 2
1 201 4 1, 107. 9
Gas
do
Warm-air furnaces (forced-air and gravity air-flow),
shipments, total
-thous_ 61,514.5 1,389.4
Gas
- -- do _ 11,175.2 1,127.5
2, 680. 1 2, 616. 4
Water heaters gas shipments
do
174.4
136.1
226.4
169 0
132 5
234 2
111.2
91 8
246.7
118 6
95 3
208 2
6101.7
79 0
225 3
.7
.6
72.5
41.6
696.4
77.5
207. 4
6
.6
.4
.5
6
173. 4
124.7
6 105. 6 6 104. 2 6 144. 7
82.2
111.7
84 1
208.4
210.9
207. 6
MACHINERY AND APPARATUS
Fans, blowers, and unit heaters, qtrly.:
Fans and blowers new orders
-mil. $
Unit-heater group, new orders
_ _ _ do _ _
Foundry equipment (new), new orders, net
mo. avg. shipments 1957-59=100Furnaces (industrial) and ovens, etc., new orders
(domestic) net
mil. $
Electric processing
do
Fuel-fired (exc. for hot rolling steel).
do _
55.2
17.6
182 3
74.9
208 6
66 9
53.5
16.0
218. 6
322.5
316.9
295 0
339 5
371.8
267 2
198 2
274 0
244 6
227 6
340.6
319.5
243.9
326.9
152 8
21 6
75 2
12 6
13 8
2 0
7 7
14.2
16.3
16 1
17
99
15. 8
15.5
8.3
3.5
7.6
1.6
9.3
12.2
16 4
11 7
2 0
54
15 2
2 2
10.7
13 7
18
6 1
25 6
2.0
7.2
11 4
13
6 8
114 9
13 7
57. 5
2.6
7.9
54 8
16.5
1.6
3.4
1.3
8.1
Material handling equipment (industrial) :
Orders (new), index, seas, adj ©
1957-59=100__
Industrial trucks (electric), shipments:
Hand (motorized)
number
Rider-type
- do
Industrial trucks and tractors (internal combustion
engines) shipments
number
152.0
186. 3
183.0
211 0
205 6
231 8
209 7
210 1
204 3
189 9
190 0
196 7
208.8
218.7
6 891
7,129
8 202
9 994
745
810
883
1 087
907
932
903
1 228
749
776
857
1 015
722
965
920
899
837
983
1 028
1 081
660
913
719
797
1,032
1,127
36 171
41 746
3 729
3 910
4 144
4,052
3 531
3 619
4 159
3 980
4 015
4 305
3,359
3,598
4,161
Machine tools:
Metal cutting tools:
Orders new (net), total
mil. $
Domestic
_ _ _ _ __do
Shipments total
do
Domestic
do_ _
Estimated backlog, end of period
months- _
976. 50 1, 176. 00
808. 90 1, 054. 40
958 60
791 80
830. 55
636 75
7.6
6.3
99.85
87.00
80.80
70.90
7.6
99 25
93 00
91 05
75 60
76
110 50
100 25
77 95
67 25
7 7
128 50
116. 50
109 10
98.15
7 6
126 50
115. 50
79 30
70 20
8 2
135 45
121 10
83 00
73 55
8 7
155 85
137 45
105 05
94 25
91
134 50
118 40
86 00
78 35
9 5
127 65
119 55
90 20
79 25
9 7
135 20
123. 15
112 00
102. 35
9 8
388 70
353. 30
228 20
200 85
10.9
319 30
297. 75
287. 85
259. 80
25 60
24.00
21.20
18 95
35 20
33 45
24 30
21 90
10 3
27 15
25 05
22 95
19 55
10 4
27 60
23 95
30 30
27 55
99
29 75
26 10
23 35
22 25
10 0
30 50
29 40
28*70
26 15
10 2
31 25
28 65
30 45
28 75
10 0
22 80
21 80
26 70
25 30
9 6
31 15
27 55
27 40
25 gs
9 5
39
33
30
29
11,523.7
1392 6
128.7
1,736.6
439 7
151 3
246.1
246.9
246.4
2
42.4
228.7
i 352 9
i 679. 2
294.6
287.1
2
2 64. 9
248.8
Metal forming tools:
Orders new (net), total
mil. $
Domestic
• __
_
_ -_ _
do
Shipments, total . - - -do
Domestic
do
Estimated backlog, end of period _ _ _ months
Other machinery and equip., qtrly. shipments:
Construction machinery (selected types), total 9
mil. $__
Tractors, tracklaying, total
do
Tractors, wheel (con. off -highway)
._ -do
Tractor shovel loaders (integral units only),
wheel and tracklaying types
mil $
Tractors, wheel (excl. garden and contractors'
off-highway types)
mil. $__
Farm machines and equipment (selected types),
excl tractors
mil $
ELECTRICAL EQUIPMENT
Batteries (auto, replacement), shipments^.. thous..
Household electrical appliances:
Ranges, shipments
(distributors'),
domesticf
thous
Refrigerators and home freezers, output
1957-59=100.Vacuum cleaners, sales billed _ _ _ _ _ _ _ -thous
Washers, sales (dom. and export) . _ .
do
Driers (gas and electric), sales (domestic and
export)
_
thous
Radio sets, production©
do
Television sets (incl. combination), prod.O do
Electron tubes and semiconductors (excl. receiving,
power, and spec, purpose tubes), sales
mil. $..
Motors and generators:
New orders, index, qtrly
1947-49 =100
New orders (gross) :
Polyphase induction motors, 1-200 hp. ..mil. $__
D.C. motors and generators, 1-200 hp..._ do
r
3
9.9
9.8
407.7
98.4
39.9
393.0
105 7
27.6
469.4
122 3
39 2
408 8
91.3
107 1
108 0
828.1
161.5
236.9
269 1
954 0
1 053 6
244 4
222.0
30,627
30, 528
3,512
3 686
3 387
3 085
2 654
2 022 6
189.4
163 3
17ft q
188 8
140.8
147.8
4, 506. 7 15 106 9
4, 189. 6 1 4, 347. 1
145.3
497.7
430.6
160 1
534 4
397 2
147 5
543 5
370 4
159 7
431 4
357 1
11,826.4 1 2 098. 4
274.2
279 1
234 3
238 8
19, 176
9,570
24, 118
11 028
3 2, 214
3 1, 230
2,312
1,086
2,074
1,044
653.0
757.0
72.4
70 0
0.0 n
178
215
212
183.2
36.3
210.1
44.6
19.2
3.2
3
2, 417
1, 208
70 o
1 K
Q
A. 9
18 1
3 1
18 7
4 7
9.5
98. 4
27 95
26 60
24.00
23 30
9.8
' 24. 65
f 22. 70
' 26. 70
' 24.
40
P
9. 7
18.40
16.40
29. 10
27.00
9.4
340.3
358 2
T
2, 880
3,139
2 042
1 772
1 972
2 106
2 094
172 8
1 78 3
191 5
163 1
162 4
169 5
178 0
170 3
434 5
317 4
176 2
151 6
K17 fl
KAQ R
364 7
397 7
192 6
429 0
351 6
176 2
397 6
349 6
181 0
402 8
413 9
156 5
414 6
384 7
118.4
417 2
446 5
174.0
545.3
422.7
ISfi 7
IQO o
180 9
128 0
108 6
144 8
161 9
262 0
292 0
3 2,075
3 1, 125
1,234
586
1,642 3 2, 589 p 2, 135
920 '3 1, 289 v 1, 122
77 8
57 8
72 7
5
5
1,874
915
n
o
2
Q-1D
1,862
924
32,260
31,239
1,824
907
1,801
874
f>o n
81 1
74. fi
74. 3
217
2
Revised.
i Revised total; monthly revisions are not available.
For month
shown.
5
Data cover 5 weeks; other months, 4 weeks. 4 Less than 50 tons.
Excludes orders
for
motors
1-20
hp.;
domestic
sales
of
this
class
in
Sept.
1966,
$11,200,000.
6
For revised 1964 annual data and for monthly shipments beginning Jan. 1966, certain types
previously
classified as heating stoves are included in warm air furnaces.
7
Reported yearend stocks. See BUSINESS STATISTICS note.
3
r
15
00
60
35
120.75 ' 113. 05 140. 40
109. 10 '107.10 128. 90
79. 30 p 80. 95 106. 60
95.70
72.70 ' 74. 40
r
10.9
10 2
10.3
247
5g 2
A 1
5101
* 1
511 9
* ft
236
r255
5
91
51
59 g
38
5 10 1
3 «
87
4.1
9 2
3.3
5
9.8
3.8
ASee similar note, p. S-33. •&Producers' stocks elsewhere, end of Oct. 1953, 11,900 tons.
0Revised back to 1963 to incorporate new seasonal factors.
9 Includes data not shown.
tRevised series. Data include factory distributing branches and direct factory shipments
to retailers and other domestic customers; comparable Jan.-June 1965 sales appear in footnote
in Sept. 1966 SURVEY.
, _ _K
f See note marked "V' bottom of p. S-35. O See note marked "0" bottom of p. S-35.
SURVEY OF CURRENT BUSINESS
November 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1966
1965
1965
Annual
S-35
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
1,289
1,232
62
1,196
101
876
52
Aug.
Sept.
Oct.
1, 190
53
1 040
87
1 121
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
thous. sh. tons__ 17, 184
1,575
Exports
do
Price, wholesale, chestnut, f.o.b. car at mine
$ per sh. ton__ 13.895
Bituminous:
Production
thous. sh. tons.- 486, 998
12. 979
12.495
12.985
12.985
12. 985
13. 580
13. 580
13. 580 j 12. 005
12.005
12. 005
12. 005 '12.355 pl2 844
512,088
43, 525
46,779
46, 542
46, 775
42, 090
40, 200
48, 200
30, 260
45, 930
46, 130
34, 760 r50 610 46 950
Industrial consumption and retail deliveries,
total 9
-thous. sh. tons. _ 431, 116
Electric power utilities __ _
_ _ do__ _ 223, 032
187, 758
Mfg and mining industries, total
do
Coke plants (oven and beehive) __ __do_ __ 88, 757
459, 164
242, 729
196, 732
94, 779
36,215
19, 936
14, 928
7,513
38, 145
20,066
16, 246
7, 465
39, 140
20, 552
16, 432
7,083
42,859
22, 646
17, 564
7,405
45, 157
24,063
17, 904
7,538
40, 564
21,263
16, 354
7,200
41, 021
21,631
17, 521
8,171
38,047
20, 324
16567
7,827
37, 370
19, 972
16, 611
8,223
37, 994 '39,252 39,849
21, 269 22, 962 22,684
16, 149 15 748 16 141
8,159 8,236 8*351
19, 615
19, 048
1,266
1,748
2, 078
2,625
3,189
2,947
1,865
1,102
706
498
75, 342
52, 661
22, 305
10, 081
77, 393
53,437
23,603
10, 506
70,418
50,411
19,715
8,253
73,000
52, 017
20, 691
9,107
75,226
53, 125
21,736
9,743
77,393
53,437
23, 603
10, 506
71, 889
49, 779
21,833
10, 137
69, 055
47, 197
21,630
9,870
73, 526
48, 973
24,362
11, 318
68, 115
46, 919
20, 993
8,640
69, 761
48, 605
20, 918
8,485
73, 173
50, 589
22, 304
9, 078
Retail deliveries to other consumers.
_ do
Stocks, industrial and retail dealers', end of period,
total
- -thous. sh. tons__
Electric power utilities
_ _ _.. __ __do
Mfg. and mining industries, total..
_ _do
Oven-coke plants
_ _ _ _ _ - do
Retail dealers
_
_
Exports
do_
do
Prices, wholesale:
Screenings, indust. use, f.o.b. mine
$ per sh. ton__
Domestic, large sizes, f.o.b. mine
do
COKE
Production:
Beehive
-thous. sh. tons__
Oven (byproduct)
do
Petroleum coke§
do
Stocks, end of period:
Oven-coke plants, total
do
At furnace plants
_
do
At merchant plants _ _ __
do_
Petroleum coke_
-_ _ _
do__ _
Exports
do
15, 009
1851
1,313
129
' 1, 221
108
1,255
1, 286
69
66
895
56
999
84
1,082
49
50
474
938
65 344 68 579
46 424 48 793
18, 622 19, 471
6 683 7 286
376
353
292
292
365
353
277
228
191
203
238
280
298
315
47, 969
i 50, 181
5,160
5,560
4,627
3,542
2,854
3,166
3,512
3 937
4 238
5,038
4 038
5 156
4.798
6.895
4.794
6.926
4,790
7.017
4.795
7.144
4.794
7.203
4.794
7.228
4.794
7. 247
4.804
7.247
4.798
7.005
4.814
6 632
4.986
6.614
4.986
6 695
4.986 r'4.990 ?4 990
6 795 6 953 j>y 157
1,236
60 908
16, 865
1,657
65,198
17, 208
90
5,230
1,443
74
65
94
5 179
1,358
4 949
1,412
5,124
1,553
5,184
1,558
94
4,895
1,352
108
5,598
1,478
108
5 401
1 381
113
5,640
1,448
122
5 528
1 419
102
5 677
1 470
1 971
1,708
2, 699
2,445
1,484
1,278
1 918
1,690
2,341
2,103
2,699
2,445
254
1.478
78
2,789
2,548
242
1, 550
64
2,696
2,504
192
1,546
67
2,627
2,442
185
1,584
68
2 345
2 172
'2, 166
2,009
1 570
1,563
118
146
2,080
1, 939
141
1,552
109
2 223 r 2 438
2 029 T 2 228
194
'210
1 582 1 556
68
77
1,050
2.92
290.6
90
1,394
2.92
261.6
1,517
2.92
285.3
88
1 274
2 92
271 7
1,380
2.92
290.1
1, 544
2 92
285.6
92
1,393
2 92
299 8
93
262
254
1,359
524
1,478
1834
1,418
Crude petroleum:
Oil wells completed... __
_
number20, 620
Price at wells (Okla.-Kansas)
_
$ per bbl
2.92
Runs to stills |
__
_. _ mil. bbl 3, 223. 3
Refinery operating ratio
_% of capacity _
87
18,761
2.92
3, 300. 8
1,844
2.92
270.2
All oils, supply, demand, and stocks : J
New supply, total
_ _ .mil. bbl . 4, 036. 1
Production:
Crude petroleum
do_
2, 786. 8
Natural-gas liquids, benzol, etc
do
422.5
Imports:
Crude petroleum... _
do
438.6
Refined products
do
388.1
Change in stocks, all oils (decrease,—). do_
3.7
4, 190. 8
2, 848. 5
441.6
206
73
227
1,414
239
1,411
65
77
1,375
2.92
281. 7
1, 606
2.92
276.0
78
173
157
5 070
' 138
142
5 714 5 514
1 530
2 578
2 356
222
100
PETROLEUM AND PRODUCTS
Demand, total _ _ __
__
Exports:
Crude petroleum
_ _ _ __
Refined products. _.
__ _ _
Domestic demand, total 9
Gasoline __
Kerosene .
Distillate fuel oil
Residual fuel oil
Jet fuel
- _
_
_
Lubricants
Asphalt
Liquefied gases '
Stocks, end of period, total
Crude petroleum __
Natural-gas liquids
Refined products
_ _
Refined petroleum products: t
Gasoline (incl. aviation):
Production
_
Exports _ __
Stocks, e n d o f period
_
_
__ _
87
88
1, 685
2.92
287.2
89
329.1
357.4
345.0
369.6
378.3
346.8
222.5
35.0
244.1
37.9
239.6
38.0
253 6
39. 2
250.5
38.9
231.7
36.0
452. 0
448.7
-2.9
43.2
28.4
4.3
39.1
36.2
12.1
32.0
35.4
-7.6
27.9
49 0
—36 6
42.0
46.9
-16.6
34.7
44.5
-23.1
406 2
394.9
.1
5.1
389.7
87
86
87
90
389.5
362.1
373. 7.
365.7
371.9
377.4
258.1
39.5
249.2
38.8
259.8
39.4
251.5
37.9
256.3
38.9
257.0
39.3
38.8
53.1
9.4
36.5
37 6
11.0
37.3
37.2
30.2
39.0
37.4
9.5
39.1
37 6
30 3
41.5
39.7
14.6
370.0
380.1
351 1
343,6
.1
6.2
373.8
3
5.8
132.6
14.1
126.0
12.1
145.4
344 9
147 3
6.1
5.5
338.1
153.7
5.9
356 3
1
61
350 1
165 4
4.9
341 6
2
61
335 3
159 6
46
362.8
0
5.6
364.4
92 9
65 9
19 4
96.1
65.9
18.6
88.4
64.7
17.6
76.5
65.9
19.9
63 3
49.1
21 5
53.2
43.2
20.3
48 5
44 4
20 7
43 3
43 0
17 7
51.3
45.1
19 5
6.1
90
z>2 92
do
4, 032. 4
4, 194. 6
324.8
345.3
352.6
do
_ do
do
do
do
1.4
1.1
72.5
3 958.5
1, 685. 5
178.4
66.8
4, 125. 7
2
1,2720. 2
97.6
0
5.2
319.6
142.5
.2
5.1
340 0
147. 0
.1
5.5
347.0
7.7
9.4
do_
do_
do
750.4
554.6
118.6
776.0
586.4
2
220. 6
49.8
37.5
19.6
56.9
45.8
18.2
71.7
46.8
18.6
do
do
do
45 8
120. 2
247.9
47 0
127 6
260.6
4 0
15.5
19.0
38
14.7
21.9
5 4
33.1
3.7
3.5
24.0
34.8
30.5
27.2
81
24 0
12.1
22.9
17 2
21 6
41
17 5
21 7
43
19 6
23.5
do. _
do
do_
do
839. 2
230.1
35.7
573.5
836.3
220. 3
35.9
580 2
868.4
231. 1
46.9
590.4
880.5
231. 8
45.9
602. 8
873.0
226.7
42.5
603.7
836.3
220.3
35.9
580 2
819.8
221.4
28.9
569.5
796. 6
225.4
24.7
546.4
806.0
236. 3
26.4
543.4
817.0
249 3
30.6
537 1
847.2
255.6
36.4
555.2
856.6
259 7
41 4
555 5
886.9
254 4
46.3
586 2
901.5
254 1
50.6
596 8
140.5
142.4
151 4
152.5
.2
203.5
133.8
146.3
183.1
212.2
214. 2
140 1
.2
207.9
147.7
.1
203.6
146 8
4
185 9
156.0
.4
183. 3
157.2
.4
177.0
.113
.113
.113
.105
.113
.113
.118
.118
.118
p. 118
.210
.213
.210
.211
.212
.218
.218
.218
.221
.219
do
do
_ _ _ _ _ do_
1 687.4
8.0
199.5
2
1,704
4
2
4.9
2
183. 1
6.0
140.1
(3)
5
400
149
12
3
9
0
7
38
9.4
142.5
.3
.3
.4
180.3
176.6
179.2
Prices (excl. aviation) :
Wholesale, ref. (Okla., group 3)
$ per gal
.113
.113
.102
.113
.113
Retail (regular grade, excl. taxes), 55 cities
(1st of following mo.)
$ oer gal__
.213
.200
.209
.208
.210
r
Revised.
* Preliminary.
1 See note "O" for p. S-21.
2
Beginning Jan. 1965, gasoline excludes special naphthas; aviation gasoline represents
finished grades only (alkylate excluded); commercial jet fuel (formerly included with kerosene)
is 3included with jet fuel.
Less than 50,000 bbls.
9 Includes data not shown separately.
§ Includes nonmarketable catalyst coke.
I Revisions for Jan .-Oct. 1964 will be shown later.
1,597
2 92
297.9
92
.1
.2
8.7
.2
(3)
.2
5.9
356 8
164.5
5.9
.219
FOOTNOTES FOR ELECTRICAL EQUIPMENT, P. S-34.
\ Data reflect adjustment to the 1963 Census of Manufactures; revisions back to 1963 are
available.
O Radio production comprises table, portable battery, auto, and clock models; television
sets cover monochrome and color units.
S-36
SURVEY OF CURRENT BUSINESS
1965
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
Annual
November 1966
1966
1965
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products?— Continued
Aviation gasoline:
Production
mil. bbl
Exports..
__ __
do
Stocks, end of period
do
Kerosene:
Production ....
_ _
_do
Stocks, end of period
do
Price, wholesale, bulk lots (N.Y. Harbor)
$ per gal
Distillate fuel oil:
Production
mil. bbl
Imports
do
Exports
do
Stocks, end of period
do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
$ per gal
Residual fuel oil:
Production
mil. bbl
Imports
do
Exports
do
Stocks end of period
do
Price wholesale (Okla No 6)
$ per bbl
Jet fuel (military grade only) :
Production
mil. bbl
Stocks, end of period
do
Lubricants:
Production
do
Exports
do
Stocks end of period
do
Price, wholesale, bright stock (midcontinent,
f o b Tulsa)
$ per gal
Asphalt:
Production
mil bbl
Stocks end of period
do
Liquefied petroleum gases:
Production
do
Stocks (at plants, terminals, underground, and
at refineries) end of period
mil bbl
Asphalt and tar products, shipments:
Asphalt roofing total
thous SQuares
Roll roofing and cap sheet
do
Shingles all tvpes
do
Asphalt siding
Insulated siding
Saturated felts
do
do
thous sh tons
127.8
5.4
9.1
i 4g 6
* 4.2
18.3
41
.3
8.7
38
.2
8.4
39
.4
8.0
39
1
8.3
37
1
8.5
33
.1
9.1
33
.2
9.2
3.0
.2
9.0
3.3
.1
8.1
32
.4
7.2
3.5
.4
7.0
3.6
.4
7.2
169.5
36 2
194.5
i 24 1
6.9
26 9
8.1
27 3
8.3
26 3
10 4
94 i
10 3
20 2
9.8
17 9
9.5
18 7
7.0
19.6
7.4
21. 3
7.2
23 5
8.1
27.1
9.0
30.3
096
098
098
100
100
103
103
103
103
102
.102
102
.102
102
742.4
11 8
54
155 8
765 4
13 0
37
155.4
62.8
11
.5
172.0
65 7
13
1
182.0
'66.1
11
3
177.3
70 1
11
3
155 4
70 1
11
4
130.0
62.8
6
1.0
104.0
64.7
8
.3
92.8
60.4
1.4
.3
91.0
63.8
1.2
.3
102.5
62.1
18
.3
117.7
67.3
1.1
.3
142. 5
69.2
1.0
.3
161. 1
P
102
p
094
086
090
090
092
092
095
095
095
095
092
.092
092
.092
266 8
295 8
18 9
40 4
1 50
268 6
344 6
14.9
56 2
1 83
19.5
20.0
1.0
55.1
1 90
22 4
27.5
1.1
58 4
1 95
22 8
26 1
1.0
59 7
1 95
24 6
38 5
1.0
56 2
1 95
26.3
37.8
1.1
53 6
1 90
22.2
37.3
1.1
47.6
1.80
23.8
42.8
1.9
46.8
1 60
20.5
28.6
.8
46.2
1.55
20. 5
26.7
1.1
49.5
1.55
19.6
27.8
1.1
51 7
1 55
21.6
27.1
,9
56.9
1.55
20.9
27.4
.9
59.6
1 55 p 1 55
108 0
99
i 191. 2
1 18. 7
16 0
17 9
16.5
18.2
16.2
18.6
16.6
18.7
16.8
18.9
15.7
19.2
17.9
20.1
17.6
18.7
18.5
19.6
18.6
19.8
17.8
23.0
16.3
23.7
63 7
18 2
14 1
62.9
16 7
13.3
51
14
13 0
5.1
1.6
12.8
5.1
1.2
12.9
5.5
1.4
13.3
5.6
1.1
13.8
5.1
1.2
14.1
5.4
1.3
13.6
5.3
1.4
13.1
5.6
1.2
13.1
5.1
1.5
12.5
5.8
1.7
12.5
5.8
1.3
12.6
270
.270
270
.270
.270
.270
.270
.270
.270
.270 •
.270
.270
.270
.270
13.8
23.6
14.1
20.9
14.8
16.9
092
114 9
14 2
123 6
16 2
13 5
14 8
12.6
13.2
9.8
13.9
7.3
16.2
6.6
19.5
6.0
22.4
8.0
24.5
10.3
26.8
11.4
26.5
59 2
189 6
56 1
200 2
43
14 6
4.3
17 5
4.2
19 6
5.1
22 9
5.4
24.0
4.9
21.1
5.3
17.9
4.9
14.9
5.3
13.8
4.9
13 3
5.1
13.2
5.0
14.3
31 8
32 0
43 8
42.8
39.4
32.0
24.3
20.1
21.1
25.4
32.1
37.4
'43.1
47.7
71 075
26 218
44 857
72 696
28 584
44 112
7 766
3 130
4 636
7 279
2,987
4 292
5 599
2,294
3 305
4 580
1,982
9 598
4,987
2,056
2,932
3,601
1,490
2 111
4,724
1,996
2,728
5,448
2,028
3,420
6,100
2,263
3,838
8, 127
3,050
5 077
6,540
2,582
3,958
7,160
3,034
4,126
720
680
995
645
603
973
72
69
93
75
63
82
62
45
73
47
31
44
21
80
30
17
56
35
36
68
38
44
73
38
53
75
48
62
99
44
60
77
60
68
80
v .270
PULP, PAPER, AND PAPER PRODUCTS
PULP WOOD AND WASTE PAPER
Pulpwood:
Receipts
Consumption
Stocks end of period
Waste paper:
thous cords (128 cu ft )
do
do
Stocks end of period
Production:
Total all grades
do
49 872
49 711
4 843
50 452
50 740
5 770
4 270
4*085
5 268
4 611
4 664
5 328
4 228
4 383
5 317
4 441
4 072
5 770
4 247
4 574
5 412
4 192
4,293
5,320
4 843
4,651
5 428
4 512
4,642
5,260
4, 569
4,794
5,001
4 957
4,664
5, 313
9 493
596
9 914
573
840
520
899
511
842
512
804
573
848
486
808
464
920
466
871
486
899
488
894
511
'746
r
562
P894
578
4,772 5,020
4,564 p 4, 792
5,453 5,639
WOODPULP
32 429
33 296
2 700
2 949
ion
•ion
do
do
20 006
2 685
20 514
2,789
1 678
220
1 817
258
2 894
119
1,811
232
2 626
124
1 606
217
2 918
141
1 808
230
2, 750
124
1,715
213
3 052
140
1 908
242
2 964
132
1,854
239
3,102
134
1,945
256
3,017
140
1,898
236
2,904
115
1,847
220
3,130
134
1,980
243
__do _
do
3,596
1,621
3 063
3,920
1,473
3 113
305
121
256
334
126
284
339
119
275
320
113
247
337
121
281
315
118
265
342
131
289
331
133
275
338
133
297
322
134
286
318
131
273
341
132
300
781
228
743
290
07 K
739
300
366
73
730
253
395
82
698
265
359
75
682
252
351
79
680
242
355
82
683
243
361
79
700
250
369
81
716
233
393
91
'746
249
r 408
89
^776
266
P419
P91
thous sh tons
Sulfate
Sulfite
Groundwood
Defibrated or exploded...
_
_ __
Stocks, end of period:
Total all mills
Pulp mills
1 48fi
do
92
730
253
395
82
78
750
311
369
70
Exports, all grades, total
Dissolving and special alpha
All other
do
do
do
1,602
581
1 021
21,402
2535
897
110
41
69
123
49
74
101
33
68
129
56
73
128
58
71
126
56
70
125
56
70
153
46
108
140
47
93
132
54
78
121
24
97
123
42
81
146
49
97
Imports, all grades, total _
Dissolving and special alpha _
All other
___ _ _
do
do
do
2,922
272
2,650
3,127
280
2,847
253
25
228
261
23
237
306
24
282
270
23
247
242
22
220
249
23
226
303
27
276
254
20
234
287
24
263
300
28
272
279
26
320
29
290
258
22
236
O 7K-1
3 ae)A
1,573
1 754
12
286
do
do
Nonpaper mills
254
PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census):
All grades, total, unadjusted — thous. sh. tons__
Paper
_
do __
3 Q1 1
41, 748
19,020
1,677
1,544
18, 180
20 760
1 730 1 858
19 623
11
135
11
Wet-machine board. __
do
'148
365
3,833
342
C onstruction paper and board
do
3,797
r
Revised.
* Preliminary.
i See note 2 for p. S-35.
2 See note "O" for p. S-21.
1,627
1 789
11
324
O Q9Q
4 034 3 QQfi r 3 R77 P4 032
3 eel
4 045
1,718
1,697
1,587
1,756
1,699 ' 1, 586 P 1, 736
1, 700
1 935 1 879 1 964 1 946 * 1 769 P 1, 956
1 845 1 759
Pll
9
12
12
11
12
12
11
*>329
339
'313
341
349
339
291
295
tRevisions for Jan.-Oct. 1964 will be shown later.
3 84.7
Oct.
SUKVEY OF CUEEENT BUSINESS
November 1966
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
1965
Sept.
Annual
S-37
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS— Con.
Paper and board— Continued
New orders (American Paper and Pulp Assoc.) :
All grades, paper and board thous sh. tons
Wholesale price indexes:
Printing paper
1957-59—100
Book paper, A grade
do
Paperboard .__ do
Building paper and board
do
Selected types of paper (APPA) :
Fine paper:
Orders, new
thous. sh. tons _
Orders, unfilled, end of period _.
do
3,998 '4,042 ' 4, 026 '3,739 H055
101.4
101.9
101.9
101. 9
114. 6
114.6
115.6
116.7
97.2
97.1
97.2
97.2
92.6
92.6 '92.9 '93.0
41,646
44, 296
3,664
3,934
3,708
3, 556
3,970
3,692
4,228
101.4
109.4
96.5
94.2
101.4
110.6
96.4
93.0
101.4
110.7
96.4
93.4
101.4
110. 7
96.5
93.8
101.4
111.5
96.5
93.3
101.4
111.5
96.5
92.7
101.4
112. 7
96.7
92.7
101.4
113.5
96.7
92.7
101.4
113.5
97.0
92.7
101.4
113.5
97.1
92.6
2, 234
98
2,429
150
192
149
206
151
214
169
201
150
213
146
207
154
242
168
233
172
'231
177
'230
'189
'211
'187
P228
*>182
do
do
2 244
2,237
2, 410
2,413
197
193
211
202
206
214
208
209
217
214
205
200
226
231
228
228
r222
222
'227
'227
'201
'209
P222
P223
__ do
do .
5, 800
437
6, 195
510
517
543
550
554
476
500
502
510
553
522
529
562
623
620
551
598
579
'614
'580
'626
'544
'654
*>567
P635
do
_ __do. __
5,623
5,623
5,993
5,993
507
507
534
534
503
503
505
505
526
526
502
502
562
562
534
534
557
557
'556
'556
'512
'512
P573
"573
do
do. _ _
4,392
190
4,590
210
357
219
396
227
379
199
379
210
394
211
381
226
447
250
417
256
'387
'245
'390
'240
'379
'221
P406
*>238
Production
_
_ _ _ do
Shipments
do
Newsprint:
Canada:
Production
do
Shipments from mills _
. _ _ _ _ . do
Stocks at mills, end of period. _..
__do _ _ _
United States:
Production
do
Shipments from mills
do
Stocks at mills, end of period
do
4,352
4,331
4, 591
4,564
371
374
395
391
392
393
376
379
399
390
376
376
429
420
394
399
'405
'398
'397
'396
'375
'380
p407
?405
7,301
7,310
178
7, 720
7,747
150
637
637
225
686
694
217
693
717
193
648
691
150
675
610
215
654
617
253
738
688
302
702
732
272
735
777
230
698
687
241
703
666
278
730
709
299
677
703
272
2, 261
2,273
22
2,180
2,183
19
160
167
20
182
178
23
193
192
24
181
186
19
197
191
25
185
184
27
203
210
20
192
191
20
205
207
17
205
204
18
194
186
26
211
207
30
192
195
27
Consumption by publisherscT
do
Stocks at and in transit to publishers, end of
period
thous sh tons
6,031
6, 387
509
591
589
576
526
498
586
576
628
573
522
547
582
585
573
626
580
570
573
586
619
624
641
668
677
688
729
737
Imports
do
Price, rolls, contract, f.o.b. mill, freight allowed
or delivered
$ per sh. ton
5,954
6,323
574
539
538
627
551
509
633
570
607
632
494
587
624
134. 23
132. 40
132. 40
132.40
132. 40
132. 40
132. 40
132. 40
132. 40
134. 40
134. 40
138.40
138. 40
386
563
384
88
1417
1796
410
90
413
848
415
90
444
844
441
94
437
847
443
94
386
793
414
89
438
855
421
93
453
902
446
95
471
944
450
95
453
973
450
94
469
1,025
466
97
452
999
457
94
391
999
410
84
449
975
450
92
429
937
435
90
137, 261 148, 312
13, 167
13, 633
13, 375
12, 812
12,044
11, 848
14,043
13,068
13,477
13, 669
12, 403
14, 064
14.232
128.2
137.2
137.5
128.4
136.2
122.9
115.9
140.2
129.5
133.5
144.5
Production
Shipments
Printing paper:
Orders, new
Orders, unfilled, end of period
Production
Shipments
Coarse paper:
Orders, new .
_
_ _.
Orders, unfilled , end of period
.
Paperboard (National Paperboard Assoc.) :
Orders, new (weekly avg.)
thous. sh. tons__
Orders, unfilled, end of period
_
_do
Production, total (weekly avg.)
_.
_do
Percent of activity (based on 6.5-day week)
Paper products:
Shipping containers, corrugated and solid fiber,
shipments^
mil. sq. ft. surf, area
Folding paper boxes, shipments, index of physical
volume
1947-49=100
125.7
101.9
116. 7
97.2
93.0
138. 40 pl38. 40
461
943
463
95
125. 8 ' 145. 4 v 140. 2
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
thous. Ig. tons
Stocks, end of period,
do
Imports , incl. latex and guayule
do
Price, wholesale, smoked sheets (N.Y.)__$ per lb._
Synthetic rubber:
Production
_ _ _
Consumption..
_
Stocks , end of period.
Exports
_
thous. Ig. tons
_ do
do
do
Reclaimed rubber:
Production
Consumption
Stocks, end of period
_
514. 71
100. 01
445. 32
.257
43.98
96.96
39.90
.243
46.14
96.44
41.91
.241
45.41
98.36
43.91
.241
44.26
100. 01
44.57
.243
46. 94
98.70
28. 31
.245
44.34
93.73
44.94
.258
50.90
90.56
40.27
.258
45.93
90.34
44.33
.244
46.42
91.45
38.45
.241
47 06 ' 37. 40 46.50
90.84 ' 92. 77 88. 39
42. 40
25.94 38.05
.236
.234
.230
.223
1,764.94 1,813.99
1, 451. 51 1,540.87
297.13 311.95
321. 26 2 281 78
137. 70
131. 44
311. 08
21.70
156. 52
140. 48
304. 81
25.17
157.87
133. 44
302. 99
23.79
166. 12
135.82
311. 95
23.32
168. 88
137. 78
320. 46
23 31
153. 07
131. 54
317. 01
29.91
169. 52
150. 23
309. 77
30 00
165. 58
141. 02
316. 02
26.11
165. 55
137. 93
322. 02
24 07
161. 59 '155.00 160. 51
140. 29 ' 113. 63 137.46
323.96 r342 71 338 68
24 59
28 01 25 39
25.18
27 19
24.56
30.07
23 20
22.06
29.99
23 96
21.67
30.79
24 55 ' 18 58 22 94
22 35 ' 17 27 20 35
32.18 ' 32. 41 32.47
481.50
86.85
441. 19
.252
do
do
do
276. 26
263. 19
30.08
280. 29
269. 54
30. 16
22 38
22.20
30.39
23.43
24. 03
29. 06
22. 83
21.45
28.84
24.66
22.75
30. 16
23.32
23.06
28. 93
22 84
21.88
28.72
.219
TIRES AND TUBES
Pneumatic casings:
Production
thous
158, 113
167,854
13, 921
15, 331
14, 194
14, 839
15, 308
14,605
16, 275
15, 317
14, 885
14, 473
12, 187
13, 959
14, 809
Shipments, total ._
Original equipment
Replacement equipment
Export.
do
do
do
do
150, 488
48, 045
100 369
2,075
169, 060
58, 280
107, 905
2, 875
14 863
4,178
10 441
244
16, 073
5,557
10 206
310
13, 709
5,511
8,017
181
13, 062
5,386
7,472
205
13, 912
4,987
8,729
195
12, 222
4,844
7 181
196
15, 855
5,527
10 079
249
16, 224
5,253
10,734
237
14, 690
4,903
9,587
200
16, 220
4,900
11, 161
159
12 901
2,446
10 292
163
12 621
2,066
10 358
197
16, 015
4,684
11, 133
199
Stocks , end of period
Exports (Bu. of Census)
do
do
37 553
1,589
37 059
2 2 381
35 110
191
34 442
259
35, 083
183
37, 059
156
38 366
140
40 833
180
41 441
211
40 775
175
41, 214
220
39 601
147
39 166
151
40 856
153
39,565
166
Inner tubes:
Production. _ _
Shipments
Stocks, end of period
Exports (Bu. of Census)
do
do
do
do
42, 437
41 890
11 454
896
41,342
41 936
11 839
1, 189
3 455
3 413
11 145
123
3,513
3 589
11 045
174
3,243
3 058
11, 336
99
3,483
3 021
11 839
108
3,507
4 351
11 216
71
3 558
3 742
11 179
64
3 983
4 480
10 630
87
3,591
3 724
10 699
125
3, 533
3 336
11 039
126
3,669
3 770
11 107
80
3 185
3 402
11 119
96
3 301
3 399
11 163
74
3, 757
3 739
11 065
102
2
r
Revised.
* Preliminary.
1 Beginning Jan. 1965, monthly data are 4-week averages
for period ending Saturday nearest the end of the month. Annual
data for new orders are
52-week averages; those for unfilled orders aie as of Dec. 31. 2 See note "O" for p. S-21.
cT As reported by publishers accounting for about 75 percent of total newsprint consumption.
J Revisions for Jan. 1964-Feb. 1965 will be shown later.
SURVEY OF CUEEENT BUSINESS
S-38
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
| 1965
Annual
November 1966
1966
1965
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
41, 724
37, 941
43, 176
812.3 ' 709. 3
24.5 '23.2
174.4 ' 159. 0
751. 2
25.0
160.9
Sept.
Oct.
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments, finished cement
thous bbl
366 304
373 563
37, 531
39, 418
31,446
25 117
17 327
16 982
28 779
30, 883
35 330
743.7
27.5
166.3
749.5
29.2
155.6
714.0
26 1
138.8
645.6
23.7
118.8
464.3
20.4
94.5
421.0
16.7
82.9
747.7
23.4
151.3
745.6
22.7
146.4
753.8
21.2
148.4
30.3
28.5
28 3
28.1
23.1
21.8
26.3
28.3
26.2
29.2
'27.1
29.7
24 8
23 4
22 1
21 6
22.5
21.5
25.9
24.6
24.2
26.1
21.8
24.1
109.2
109.2
109.4
109.8
109.9
110.4
110.7
110.9
111.1
111.8
111.9
111.9
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
7, 743. 8 8, 089. 1
mil. standard brick
311.4
Structural tile, except facing
thous sh. tons
313 3
1, 837. 2 1 732. 2
Sewer pipe and fittings, vitrified
do
Facing tile (hollow) , glazed and unglazed
353.4
326 9
mil. brick equivalent
Floor and wall tile and accessories, glazed and unglazed
mil sq ft
288 8
283 4
Price index, brick (common), f.o.b. plant or
107.1
108.4
N.Y. dock..
1957-59=100__
111.9
GLASS AND GLASS PRODUCTS
Flat class mfrs ' shipments
thous $
324 955
354 308
89 869
96, 489
87, 802
86, 554
do
do
144 753
180 202
140 559
213 749
38 848
51* 021
39 769
56 720
33, 541
54, 261
34, 401
52,153
189, 414
202, 050
16, 801
18, 299
16, 269
15, 275
16, 745
16, 352
18, 658
17, 567
18,370
18, 996
18, 027
19, 821
184, 773
195, 924
17, 468
16, 667
15, 897
15, 743
14, 715
14,298
17, 785
16, 578
17, 460
19,337
17, 125
19, 768
20, 829
21 548
2,886
1,932
1,489
1,403
1,431
1,537
2,035
1,717
1,713
1,653
1,578
2,533
50 721
53 742
4 929
5 030
4 707
4 193
4 369
3 964
4 356
3 851
4,142
4 568
3 957
4 963
1,379
2,332
1,759
1,427
2,530
1,723
2,131
2,694
1,447
1,146
2,414
1,248
1,413
2,216
1,366
2,034
3,302
1,571
2,266
3,304
1,469
2,561
3,549
1,539
3,350
4,197
1, 540
3,236
4,190
1,120
2,579
3,893
1,507
Sheet (window) glass shipments
Plate and other flat glass shipments
Glass containers:
Production
thous gross
Shipments domestic total
do
General-use food:
Narrow-neck food
do
Wide-mouth food (incl. packers' tumblers,
leverage
Beer bottles
Liquor and wine
do
do
do
17, 664
33, 252
16, 756
20, 283
36, 134
17 273
1,371
2,838
1,488
^Medicinal and toilet
do
Dairy products
do
36 764
7 366
1,421
38 797
6 882
1 265
3 193
563
128
3,548
554
106
3,367
516
113
3,200
522
127
3,501
512
94
3,247
460
95
3,864
531
92
3,366
502
103
3,359
516
81
3,427
510
92
2,575
393
76
3,646
544
103
do
25, 375
26 945
26, 550
27, 696
27, 790
26,945
28, 466
30, 370
30, 801
31, 977
32, 814
31, 892
32,408
31,926
6 246
10 684
5 911
10 035
1 734
2 708
1,475
2,568
1,033
2,245
1,487
2,678
do
9 440
9 320
2 510
2 313
2,074
2,305
rift
4 562
292
4 580
'319
1 283
77
1 122
79
786
81
1 430
82
do
972
993
828
976
210
266
173
235
168
202
194
238
1 495
7 542
253
1 368
8 083
271
371
2 133
74
311
2,073
67
264
1,623
54
316
1,996
76
Stocks end of period
GYPSUM AND PRODUCTS (QTRLY)
Crude gypsum, total:
Imports
thous sh tons
Calcined production total
Gypsum products sold or used, total:
T A
i ' 1
Building uses:
Plasters:
All nth r rri~T~Tr~~Ti~'<? ppTtipritS
Lath
"W^allboard
All other
"
mil sq ft
do
do
TEXTILE PRODUCTS
WOVEN FABRICS
Woven fabrics (gray goods), weaving mills f
f^ tn woven, loi/di y — _
.
U/OllUil_______
_-
y
-
-
12, 672
9,136
3,289
13,037 2 1, 258
9,262
2883
2351
3,517
1,034
733
282
1,027
729
282
21,171
2827
2321
1,013
712
280
1,020 a 1, 265
705
3864
293
3373
1,008
700
285
1,019 2 1, 245
701
2856
294
2361
do
do
1,068
661
386
1, 139
676
442
1,108
649
440
1,100
655
427
1,097
654
423
1,139
676
442
1,107
653
430
1,080
639
422
1,068
627
416
1,053
614
414
1,045
607
416
1,087
620
447
Orders, unfilled, total, end of period 9 1f___do
Cotton
do
3,757
2,500
1,161
4,140
3,023
999
4,145
2,949
1,092
4,139
3,020
1,018
4,180
3,046
1,016
4,140
3,023
999
4,246
3,114
1,008
4,589
3,387
1,078
4,649
3,439
1,085
4,662
3,473
1,080
4,714
3,504
1,099
4,457
3,305
1,050
Cotton
]V£anmade
fiber
COTTON
Cotton (exclusive of linters) :
Production:
1,341
5,008
396
10
14,916
3,654
8,916 11, 709 312,696 414, 474
14,916
15, 149
GinningsA
thous running bales
Crop estimate, equivalent 500-lb. bales
310,290
14,956
thous. bales. _ 15, 182
2932
622
769
769
2953
758
753
753
751
2831
2947
742
2886
9,296
Consumption
do
8,940
Stocks in the United States, total, end of period
thous. bales. _ 21. 929
23, 757 '27,155 26,301 25, 056 23, 757 22,617 21,692 20, 413 19, 542 18, 629 17,467 16, 862 26,902 25,202
21,817
23, 652 '27,054 26, 202 24,956 23,652 22, 516 21, 596 20,323 19,460 18, 553 17,396 16,801 26, 803 25, 109
Domestic cotton, total
do
9,993
188 11, 318
377
147
354
131
7,544
4,915
698
2,505
1,130
1,655
2,505 '11,946
On farms and in transit
do
18,706
19,619 14, 037 17,457 18,632 19,619 19,741 19, 188 18, 381 17, 360 16, 524 15,761 15, 274 14, 177 14, 012
Public storage and compresses
do
1,104
1,308
1,339
1,488
1,652
1, 746
1,710
1,409
1,645
1,811
1,201
1,528
1,071
1,456
1,528
Consuming establishments...
do
93
99
62
71
82
90
76
96
100
101
99
105
112
101
Foreign cotton, total
do
105
r
c? Stocks (owned by weaving mills and billed and held for others) exclude bedsheeting,
Revised. 1 Beginning Jan. 1965. excludes finished cement used in the manufacture of pretoweling, and blanketing, and billed and held stocks of denims. Effective Aug. 1965, stocks
pared masonry cement 2(2.734 thous. bbls. in 1964); annual totals include3 revisions not distribcover additional manmade fiber fabrics not previously included.
uted
to the months.
Data cover 5 weeks; other months, 4 weeks.
Ginnings to Dec. 13.
4
^Unfilled orders cover wool apparel (including polyester-wool) finished fabrics; production
Ginnings to Jan. 15.
s Nov. 1 estimate of 1966 crop.
f Data shown here are not strictly
and stocks exclude figures for such finished fabrics. Orders also exclude bedsheeting,
comparable with those for earlier periods for the following reasons: Beginning Jan. 1964, fabric
toweling, and blanketing.
A Total ginnings to end of month indicated, except as noted.
classifications were revised and manmade fiber drapery fabrics were added; beginning Jan.
1966, data reflect further changes in reporting classifications, principally cotton blends.
9 Includes data not shown separately.
S-39
SURVEY OF CURRENT BUSINESS
November 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
Annual
1966
1965
1965
Sept.
Oct.
Nov.
Jan.
Dec.
Mar.
Feb.
Apr.
May
June
July
Aug.
Sept.
Oct.
TEXTILE PRODUCTS—Continued
COTTON— Continued
Cotton (exclusive of linters)— Continued
Exports. _
__thous. balesImports
do
Prices (farm), American upland— .-cents per Ib—
Prices, middling 1", avg. 15 markets
do
Cotton linters:
Consumption
thous. bales..
Production
do
Stocks, end of period
do
COTTON MANUFACTURES
Spindle activity (cotton system spindles) :
Active spindles, last working day, total
milConsuming 100 percent cotton
do
Spindle hours operated, all fibers, total
bil__
Average per working day
do
Consuming 100 percent cotton
„_ do
Cotton yarn, natural stock, on cones or tubes:
Prices, f.o.b. mill:
36/2, combed, knitting§
do
Cotton cloth:
Cotton broad woven goods over 12" in width:
Orders, unfilled, end of period, as compared with
avg. weekly production
No. weeks' prod__
Inventories, end of period, as compared with
avg. weekly production --No,, weeks' prod-Ratio of stocks to unfilled orders (at cotton
mills) end of period seasonally adjusted
Mill margins _
cents per Ib
Prices, wholesale:
Denim mill finished 5
cents per vd
Print cloth, 39 inch, 68 x 72
do
Sheeting class B 40-inch 48 y 44-48
do
5,241
118
129.6
130.7
3,795
99
«28.0
«29.6
226
3
29.5
29.7
304
6
29.4
29.7
370
1
29.0
29.6
447
15
27.9
29.5
278
16
26.6
29.5
254
.6
26 6
29.5
236
6
27.9
29.5
177
6
28.5
29.5
214
1
28.5
29.6
176
4
29.1
29.6
142
2
29.9
29.6
341
39
&21.2
622.0
348
7
21.2
21.9
1,396
1,572
709
1,406
1,635
735
2138
123
572
119
188
641
110
200
680
2131
118
193
776
116
179
811
2143
168
833
123
113
848
120
87
804
2138
58
711
91
37
641
104
'42
'584
2123
63
527
18.7
15.3
124.6
.471
103.6
18.9
14.7
128.0
.493
102.9
19.0
15.0
212.3
.493
29.8
19.0
15.0
10.3
.517
8.2
19.1
15.0
10.4
.522
8.3
18.9
14.7
211.8
.470
29.3
18.9
14.7
10.4
.522
8.2
18.8
14.6
10.5
.525
8.2
19.2
14.7
213.0
.518
19.3
14.7
10.7
.536
8.2
19.3
14.8
212.9
.515
29.9
19.3
14.8
8.6
.430
6.6
19.5
15.1
10.6
.530
8.2
19.6
15.1
212.9
.514
210.0
19.2
14.7
10.5
.525
8.0
.630
.892
.629
.891
.637
.900
.637
.903
.642
.910
.642
.916
.647
.926
.652
.934
.652
.938
.657
.939
.667
.946
.667
.954
.667
. 959
.962
p. 962
8,966
9,238
2,189
18.2
20.3
18.6
18.7
19.0
20.3
19.9
21.7
21.8
22.6
22.6
21.7
28.7
20.2
19.8
5.2
4.5
4.1
4.0
4.1
4.5
4.1
4.0
3.7
3.8
3.8
3.8
5.0
3.8
3.8
.30
3 29. 49
.23
37.51
.21
38.57
.22
38.62
.23
38.58
.23
38.77
.20
38.78
.19
38.77
.17
38.58
.16
38. 71
.16
38.72
.17
38.72
.17
38.75
.18
40.40
.19
40.60
36.6
< 16. 5
17.4
34.9
18.6
17.5
34.9
18.8
17.5
34.9
18.8
17.5
34.9
18.8
17.5
34.9
18.8
17.5
34.9
18.8
17.5
34.9
18.8
17.6
34.9
18.8
18.0
35.6
18.8
18.0
36.2
18.8
18.0
36.2
18.8
18.0
36.2
18.8
18.0
36.2
18.8
18.1
p 36. 2
PIS. 8
plS. I
3, 532. 2
825.0
648.0
905.0
210.5
162.0
997.7
779.2
282.3
251.7
209.7
71.1
699,923
6
50, 763
8,282
4, 034
7,516
3,058
8,821
3,404
8,903
4,856
7,737
4,173
9,114
4,204
10,029
6,181
8,509
4,902
9,209
5, 506
8,262
5,104
7,290
4,394
7, 056
4, 025
7,484
5,165
15, 690
130, 108
1,313
12, 670
1, 198
12, 507
1,610
12, 537
1,989
13,859
1,421
18, 130
810
10, 700
1,094
16, 247
1, 132
21,488
1,752
13, 654
1,795
13, 825
1,198
14, 308
1,843
17, 303
1,411
12, 411
59.8
55.8
52.9
71.1
55.3
68.5
55.6
60.3
59.8
55.8
61.6
58.7
61.1
56.7
60.1
53.9
58.8
53.5
57.6
53.5
55.0
54.7
63.7
65.9
66.5
70.9
66.8
74.5
109.3
96.7
32.2
109.1
73.8
37.0
.28
.85
.80
.28
.84
.80
3, 926. 2
1,640.6
855.8
303.9
960.6
398.4
209.1
74.0
1 Oil 5
408.3
205.5
76.0
1, 108. 8
415.9
193.5
83.9
1, 534. 6
379.1
419.6
507 2
643.3
713.5
152. 4
179.7
154.5
210 7
169 5
281.1
519.4
8167,083
127.3
13, 869
14,839
14, 953
233.9
122.7
212.3
113.9
274.7
112.3
271.6
108.9
227.1
210.9
25.9
10.3
22.6
9.4
23.8
12.0
21.1
9.3
21.1
6.8
1. 397
1.286
1.389
1. 249
1.192
1. 156
1.275
1.253
1.225
1.275
1.255
1.225
107.9
107.8
109.0
109.0
255.2
267.3
66.8
MANMADE FIBERS AND MANUFACTURES
Fiber production otrly total
mil Ib
3, 018. 0
777.5
Filament varn (rayon and acetate)
do
594.3
Noncellulosic, except textile glass:
847.6
559.1
Staple incl tow*
do
239.5
Textile glass
fiber
do
Exports:
Yarns and monofilaments
thous. Ib— 116, 473
56,411
Staple tow and tops
do
Imports:
9,202
Yarns and monofilaments
do
133,695
Staple tow and tops
do
Stocks, producers', end of period:
32.6
Filament yarn (rayon and acetate)
mil. Ib—
Staple, incl tow (rayon)
do
51.3
Noncellulosic fiber, except textile glass:
76.9
Yam and monofilaments*
do
57.5
Staple, incl. tow*
do.. __
Textile glass
fiber
do
36.8
Prices, manmade fibers, f.o.b. producing plant:
.28
Staple: Rayon (viscose), 1.5 denier
.$ per lb__
.98
Polyester 1 5 denier*
do
.78
Yarn: Rayon (viscose), 150 denier
do
Manmade fiber and silk broadwoven fabrics:
Production (qtrly.), total 9--.
mil. lin. yd-- 3, 545. 4
1, 583. 1
ace ;a ;e
852.2
Chipflv TTi 1 n f h
' ' laDrlCS
uo —
283.1
Spun yarn (100%) fabrics (except blanketing) 9
mil. lin. yd— 1, 260. 4
Rayon and/or acetate fabrics and blends
665. 6
do456.8
Polyester blends with cotton.
—do
Combinations of filament and spun yarn fabrics
472.4
mil. lin. yd__
Exports, piece goods
thous. sq. yd— 185, 263
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
$perlb—
Graded fleece, H blood
..__
do
Australian, 64s, 70s, good topmaking
do__ .
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, American
system wholesale price
1957 59 — 100
Woolen and worsted woven goods, exc. felts:
ProdllPtion fntrlv ^
mil
Tin •vrl
910.7
203 3
156 4
_
260 5
214 4
76.1
~
109. 3
96.7
32.2
.28
.84
.80
.28
.84
.80
.28
.84
.80
210.1
2,274
2,310
.28
.84
.80
.28
.84
.80
937.4
201.7
167.0
994.2
198.8
172.8
270.7
220.2
77.8
289.1
249.4
84.1
112.9
116.6
24.5
21.7
.28
.84
.80
.28
.84
.80
.28
.84
.80
.28
.84
.80
.28
.84
.80
.28
.84
.80
p. 28
p. 84
p. 80
13,711
125.0
16, 413
14,600
13,958
14, 222
12, 745
12, 821
14, ,061
21.1
7.4
23.4
9.0
28.1
9.1
23.3
9.1
24.0
7.0
229.3
211.3
33.0
10.8
23.4
8.5
26.9
9.5
23.0
8.5
23.1
8.3
228.1
29.6
25.7
11.4
18.9
5.8
21.4
12.5
22.0
8.3
26.4
16.1
18.7
9.3
1. 279
1.235
1.225
1.280
1.235
1.225
1.280
1. 235
1.225
1.291
1.229
1.225
1.325
1.225
1.235
1.350
1.225
1.275
1.375
1.225
1.275
1.375
1.183
1.275
1. 395
1.175
1.275
1.395
1. 165
1.275
1.390
1.120
1.275
109.0
108.4
109.6
109.6
110.2
110.2
109.1
109.7
109.7
109.1
108.0
123.8
15,798
225.6
210.1
61 2
40.67
s 67. 6 >• s 69. 7 564.6
s 55. 4 ' s 59. 7 553.7
12,912
Suiting, price (wholesale), flannel, men's and
102. 4
102. 4
102.4
100.2
95.9
boys', f o b mill
1957 59—100
* Preliminary.
* Season average. 2 For 5 weeks, ot ler mom hs, 4 weeks .
Margins thru July 1966 reflect equalization paynlents to c omestic uisers (Au g. 1964-July
* For 1L months; price not
1965, 6.5 cents; Aug. 1965-July 1966, 5.75 cents per pound).
«Seeison average
available for Sept. 1964.
« For month shown,
e See "O " p. S-21.
to Apr. 1, 1966.
*> Reflects decrease in the 1966 na tional ave)rage loan rate,
§ Data beginning Aug. 1965 for knitting yarn, Mily 1966 foi• weaving yarn, arid Aug. 1966
r
Revised.
3
190
735
22.4
21.8
1.360
1.098
1.275
74.5
102.7
102.7
102.4
102.4 102.7
102.7
102.7
102.7
102.7
102.7
for denim are not strictly comparable with earlier prices.
9 Includes data not shown separately.
*New -series. Sources: Polyester staple price, U.S. Dept. Labor; wool imports, U.S. Dept.
Agriculture from Bureau of the Census records (such imports exclude animal hairs). Data
are available as follows: Price, back to 1955; noncellulosic yarn and staple—production to
1951; stocks, to 1953; wool imports to 1948.
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
Annual
November 1966
1965
Sept.
Oct.
1966
Nov.
Dec.
Mar.
Apr.
May
June
July
Aug.
Sept.
16, 033
18, 299
16, 003
15, 491
18, 230
15, 794
20, 527
19, 095
1 766 1,787
245
274
2,123
301
1,848
351
1,812
357
1,858
384
' 1,073
'252
1,746
365
Jan.
.Feb.
Oct.
TEXTILE PRODUCTS—Continued
APPAREL
Hosier v, shipments _
Men's apparel, cuttings:!
Tailored garments:
Suits
Overcoats and topcoats
thous. doz. pairs
189, 534
194 753
17 620
18 764
16, 620
15, 445
- thous. units
do
20, 343
3 956
22, 419
4 436
1,897
417
2 059
449
2 021
359
1,731
358
Coats (separate) , dress and sport
do
Trousers (separate) , dress and sport
do
Shirts (woven fabrics), dress and sport
thous doz
Work clothing:
Dungarees and waistband overalls
do
Shirts
do
Women's, misses', juniors' outerwear, cuttings:!
Coats
thous units
Dresses
do
Suits
do
Blouses waists and shirts
Skirts
thous doz
do
15 015
1 161 1 123 1 290 1 214 1, 152
11 295 11 116 13 569 12, 763 13,106
1 139
13 446
r
692
9, 741
1,094
13, 567
1, 604
2,206
'380
'272
657
356
10 830
128 378
12 492
139 009
1 015
12 476
26 946
30 321
2 542
2 641
2 735
2 519
2 331
2 406
2 749
2,446
2,371
2 341
4 861
3,749
4 867
3,949
465
322
485
361
409
334
394
339
435
341
436
351
485
406
471
369
464
352
487
356
23 708
271 214
12 235
25 620
274 541
11 736
2 350
20 660
975
2 794
21 591
1,035
2 637
20 140
1,003
1 788
19 032
953
2.353
2 041
19,810 23, 629
885
1,057
1,902
31. 100
1, 102
1,539
26, 834
709
1,550
24, 138
722
r 2, 257
22,800
"•899
2,142
17, 720
811
18 493
7,919
r 16 919
2 015
781
1,757
872
1,504
956
9 906
1 101 1 138 1 157
12 309 10 983 10 461
1 305 1 489
905
'866
1 323 1 197
655
561
1 300
773
1 852
759
r
r
1 672
'977
r
r
1,566
1, 113
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders new (net), qtrly. total
mil. $
U S. Government
do
Prime contract
do
Sales (net) receipts or billings, Qtrly. total do
U S Government
do
17, 970
13, 516
16,282
16, 686
12, 815
22, 183
14, 571
20, 101
17,016
12,535
6,091
3,861
5,572
4,133
3,017
6,292
4,452
5, 599
4,627
3 426
6,440
3,900
5,233
4,667
3,315
5,628
2,835
5,011
5,006
3,560
Backlog of orders, end of period 9
do
U.S. Government
do
Aircraft (complete) and parts
do
Engines (aircraft) and parts
do
Missiles, space vehicle systems, engines, propulsion units, and parts
mil $
Other related operations (conversions, modifications), products, services
•___
.mil. $._
15, 218
11, 658
6,276
1,527
20,385
13, 696
8,885
2,503
18, 720
12,669
8,506
1,948
20, 385
13, 696
8,885
2,503
22, 156
14, 358
10, 124
2,846
22, 778
13, 633
10, 805
3,022
4,558
5,480
4,867
5,480
5, 142
4,538
1,418
1,856
1,681
1 856
2,201
Aircraft (civilian)* Shipments©
Airframe weight©
Exports
1,066.1
do
thous. lb__ 22,905
287.2
mil. $_.
1, 592. 0
32, 200
473.0
2,359
160.6
3,186
49.5
172.7
3,596
31.7
169.1
3,400
47.0
186.8
3, 797
68.8
198.3
4,265
61.8
224.8
4,809
41.3
169.8
3,747
54.4
148.6
3,106
31.3
592.0 1, 010. 2 1, 058. 1 1, 043. 0
567.4
967.9 1, 015. 6 1, 006. 7
452.9
855.6
908.5
883.8
438.5
825.4
878.7
861.3
149.6
159.2
139. 0
154.6
136.9
129.0
145. 4
142.5
950.1
921.1
798.0
780.4
152.1
140.7
917.6 1, 089. 8
889.9 1, 061. 5
766. 3 919.8
748.8
902.0
151.3
170.1
141. 1 159.5
963.2
935.5
811.0
793. 9
152.3
141.6
948.8
921.1
787.8
771.2
161.0
149.9
985.9
959.2
818. 6
802.5
167. 3
156.7
625.3
605.6
488.4
480.0
136. 9
125.6
148.4
2,682
57.9
111.2
2,508
17.7
163.6
3, 195
47.1
161.7
'3,372
44.6
148.4
3,430
29.2
MOTOR VEHICLES
Factory sales, total
Domestic
Passenger cars, total
Domestic
Trucks and buses, total
Domestic
Exports:
Passenger cars (new) assembled
Passenger cars (used)
Trucks and buses (new) assembled
Trucks and buses (used)
Truck and bus bodies for assembly*
Imports:
Passenger cars (new), complete units
Passenger cars (used)
Trucks and buses complete units
Shipments, truck trailers:
Vans
Trailer bodies, chassis, sold separately
Registrations:©
New passenger cars
Foreign cars
New commercial cars (trucks)
_ thous -_
do
do
do
.do _
do
9, 292. 3
8,931.5
7,751.8
7, 554. 1
1. 540. 5
1,377.4
11.057.4
10 716 6
9,305.6
9, 100. 7
1. 751. 8
1.615.9
211.9 2 775. 9 2 990. 5
196.3
143. 8 2 647. 4 2834.6
136.4
68.1 2 128. 5 2155.8
59.9
6.87
.85
4.75
.46
.45
13.16
.83
5.58
.50
.41
15. 68
.95
4.28
.48
.68
15.45
1.07
7.95
.45
.96
10.81
1.21
6.12
.63
.75
9.95
1.17
6.65
.48
.84
13.29
1.38
7.11
.65
1.44
10.37
1.07
6.08
.65
.87
9.92
1.21
6.36
.56
.95
7.49
1.12
7.27
.70
1.07
5.70
.97
7.83
.57
.84
4.61
1.15
6.41
.51
.52
19.18
.83
5.24
.59
.74
559. 43
8.00
7.60
45.84
.80
.46
55.68
1.30
.57
59.28
1.04
2.20
54.90
1.39
.95
64 63
1.01
2.66
57.14
.46
2.13
77.26
.58
2.68
49.41
.47
1.47
74.06
.57
2.22
80.77
.38
4.06
69.34
.46
4.07
47.53
.20
4.05
77.38
.51
2.02
86, 938
51, 836
7,794
103, 756
65, 909
14, 653
8,649
5,533
1,849
8,760
5,716
2,402
8,363
5,684
2,469
9,062
6,060
2,021
8,503
5,674
1,488
8,489
5,593
1,621
11,546
7,572
2,263
10,968
7,018
975
10, 136
6,673
1,895
thous
do
do
8, 065. 2
484.1
1, 361. 8
9,313.9
569.4
1, 528. 9
589.5
51.7
122.6
745.8
52.1
133.1
793.9
47.3
122.5
908.7
57.1
147.7
606.6
37.0
109.2
721.6
48.8
129.0
878.8
59.7
143.4
822.6
55.6
148.6
777.2
50.6
144.0
number
do
do
69,074
45,360
23,714
77,881
53,377
24. 504
6,345
4,429
1,916
7,112
4,883
2,229
6,983
4,598
2,385
8,895
6,513
2,382
7,724
5,296
2,428
6,262
4,550
1,712
8,054
6,009
2,045
7, 262
5,689
1,573
7,500
5, 473
2,027
do
do
do
do
do
166. 31 3105. 03
10.40 i 10. 42
146. 83 i 3 59. 67
5.92
15.77
5.70
17.29
do
do
do
515. 70
10. 89
6.01
do
do
10, 690 ' 7, 763
6,928 ' 5, 206
1,591
1,719
9,214
6,661
2,118
752.5
52.6
137.4
832.7
59.0
151.0
743.6
58.1
141.6
573.8
64.4
121.9
7,508
5,307
2,201
6,799
4,820
1,979
8,385
6,251
2, 134
7,436
5,982
1,454
9, 510 r 5, 799
8, 813 '4,708
697 r 1,091
6,299
4,551
1,748
8,401
5, 164
3,237
7, 720
5,922
1,798
RAILROAD EQUIPMENT
Freight cars (ARCI):
Shipments
Equipment manufacturers total
Railroad shops, domestic
New orders
Equipment manufacturers, total
Railroad shops, domestic
do
do
do
71, 072
44, 627
26, 445
88, 218
65,547
22, 671
7,821
6,441
1,380
6,429
5,691
738
7,661
5,606
2,055
9, 997
5, 838
4,159
8,384
5,830
2,554
12, 566
11, 064
1,502
11,244 r 12,112
7,957
9,229
2,015 ' 4, 155
Unfilled orders, end of period
Equipment manufacturers, total
Railroad shops domestic
do
do
do
32, 949
18, 972
13, 977
45.266
32. 873
12, 393
42, 373
30, 291
12,082
41, 735
31, 140
10, 595
42, 736
32, 471
10, 265
45,266
32, 873
12, 393
46, 004
33, 644
12,360
51, 760
39, 878
11, 882
54,721
42,905
11, 816
59,652
45, 219
14, 433
61, 596
48, 478
13,118
60, 378
48, 341
12, 037
59. 874
48, 082
11, 792
59, 750
46, 861
12, 889
59, 508
46,407
13, 101
254
191
201
14
9
30
0
10
3
7
7
14
0
14
0
20
0
20
0
20
0
70
0
70
6
64
6
'59
3
56
1,495
5.9
* 1,481
5.3
1,488
5.8
1,487
5.7
1,488 * 1, 481
5.6
5.3
1,479
5.3
1,480
5.4
1,480 4 1, 484
4.9
5.0
1,486
5.0
1,487
4.9
1.487
4.9
1,489
5.0
1, 489
5.0
86.96
58.18
< 88. 20
4 59. 58
88.20
59.27
88.32
59.38
88.48 f88.20
59.45 4 59. 58
88.30
59.68
88.50
59.78
88.70 4 89. 00
59.90 459.97
89.30
60.08
89.57
60.23
89.71
60.34
90.03
60.48
90.20
60.59
Passenger cars: Shipments
do
Unfilled orders, end of per. . -do
Freight cars (revenue), class 1 railroads (AAR):§
Number owned, end of period
thous
Held for repairs % of total owned
Capacity (carrying), aggregate, end of period*
mil. tonsAverage per car
_ _ __._
tons.
r
3
4
2
Revised.
* See note "O" for p. S-21.
Preliminary estimate of production.
Beginning Jan. 1965, data exclude exports of incomplete (unassembled) vehicles.
See note "§."
J Monthly revisions for 1963-64 are available upon request.
9 Total includes backlog for nonrelated products and services and basic research.
©Data include military-type planes shipped to foreign governments.
*New series. Monthly data prior to 1965 are available upon request.
©Courtesy of R. L. Polk & Co.; republication prohibited.
§ Excludes railroad-owned private refrigerator cars and private line cars. Effective Apr.
1966, data include cars owned by three class II roads (over 2,600 cars end of Apr. 1966). Also,
change in definition of class I railroads, as stated in 1965 BUSINESS STATISTICS note, is reflected
in figures beginning Dec. 1965, instead of Jan. 1965.
INDEX! TO .CURRENT BUSINESS STATISTICS, Pages SI-S40
SECTIONSGeneral:
Business indicators, ... ..... , / , , , ; , ; , . . . . , , . , 1-7
Commodity prices, ....;... ...... « ; . . ' . , ' . , . . / ' 7»^
Construction and real estate, » , . . ; , . , ..... ,. » , 9,10
Domestic trade, . , . , , . ' . . . > . , ; .......... « ' . . . . , . ' 10-12
Employment and population; . . « . , , . » i , , , , , .
Finance. . , , , , ...... . . . , _ , , . . , , . , . , , , , , . ; , 16-21
Foreign trade of the United States. , , , . ,_____ 21-23
Transportation and communications . ......... 23, 24
Industry:
*
- • • . . /
• '••..
Chemicals and allied products. . . , . , . . ..... ...
25
Electric power and gas , . , . , , , »___* , , . , . ..... 26
Food and kindred products; tobacco ....... ____ 26-30
Leather and products. , . . . . , „ . / . . . , . . . , . . , . . , 30, 31
Lumber and products. . , - . . . , . . . > , . , . . ....... , , ,
31
Metals and manufactures. . . , , , ...... « . , , » . . , 32-34
Petroleum, coal, and products. . . . , , , . , « » , , . , . 35, 36
Pulp, paper, and paper products. ....,' ..... . . . . 36; 37
Rubber and rubber products. ;, ..... . , 1 , , . .
37
Stone, clay, a»d glass products ..... , , , . ,v. »-. .
38
Textile products, . ;........______. , , ....... . . 38-40
Transportation equipment, . „ ____ 1 .......... .
40
INDIVIDUAL SERIES^;; ; .'
Advertising.,. ,
V
,,.,/.'.....,.; 10,11,16
Aerospace vehicles....,,..
..^ »
.
40
Agricultural loans. . . . . . . . . . . . . I . . , , . . , , , . . , . .
^16
Air carrier operations, ..
•,,,;23
Aircraft and parts
. . . » _ . . , > 3,6,13-15,40
Alcohol, denatured and ethyl. „ ' , . „ , .. , . . , , „ . . , , ,
25
Alcoholic beverages..,,
8* 10,26
Aluminum
,._./,.»...;.,.,....,
23,33
Apparel.
v . . . , . ; . ,\ ..'..., 1,3,4,7,8,10-15,40
Asphalt and tar products, ...,,,..•.;....'
, 35,36
Automobiles, e t c , . . . . . . . 1,3-8,10,11,13-15,19*22,40
Balance of international p a y m e n t s . » . , » . , , . v . . . .
2
Banking..,... ^
:
......./
16,17
Barley
;;
; -..'..,-.,,.,.
, ' ' 27
Barrels and drums.
,
33
Battery shipments,
,-.,,,,..»,....,,
34
Beef and veal
,.;...'.,,.„........
28
Beverages..... /
.'...
.-.. 4,8,10,26
Blast furnaces, steel works etc...,
i ; 5,6,13-15
Bonds, outstanding, issued, prices, sales, yields.... 18-20
Brass and bronze.
»,,,,
33
, Brick,"..',, ,*
'
, ? . , . , , . . , , . , ' . , , , . . , . /, - 38
Broker's balances. .,' — , — ............. — ...
20
Building and construction materials . 5,6,8,10,31, 36,38
Building costs.,
>,...
9» 10
Building permits,
,
9
Business incorporations (new)* failures
7
Business sales and inventories.,../....:,,.
4,5
Butter
, »•
. . . . . . . . . . . .'...•.../.:
27
Cans (tinplate).
...,;..,.,,,.....,.,
33
Carloadings.,«
,.,,
24
Cattle and calves....,..,.
.,....,.;..;.
28
Cement and concrete products, . , ... .V........ 8-10, 38
Cereal and bakery products
8
Chain-store gales, firms with 11 or more stores,..
12
Cheese
27
Chemicals
4-6,8,13-15,19,22,25
Cigarettes and cigars,
.-...,.,
8,30
Civilian employees, Federal, . > . . . ;
,.
14
Clay p r o d u c t s , . . . . . . . . , . . , , . , , , , . ; , , .
8, 38
Coal.
4,8,13-15,22,24,35
Cocoa
..
, . . . . . . , . . . . , , . 23,29
Coffee
-, .\
23,29
Coke.
........,,....:.,...*.:, 24, 35 ;
Communications
2,13-15,20,24
Confectionery, sales.
.,.,*..,..
29
Construction:
Contracts..
,
;,
, 9
Costs. . , , , , , . . . . , _ , ,
.;...;....,.;
9,10
Employment hours, earnings, wages. ..-.„•
13-16
Fixed investment, structures,,;,,,,..,.
1
Highways and roads. , ; , . . , . , . . . , , ^ . . . . . . . . . 9,10
Housing starts,.
,....
9
New construction put in place, . , , . . . . . , . , . . . „
9
Consumer credit.
17,18
Consumer expenditures.,
*...-.*
1
Consumer goods output, index. . v . . . . . . .
. .". 3,4
Consumer price index,
:...,..;..
7
Copper
;,,,...,{
23* 33
Corn
.;...,.,.,,.
27
Cost of living (see Consumer price index)........
7
Cotton, raw and manufactures.......... 7,8,22,38,39
Cottonseed cake and meal and oil. . . v • : * , . , , ; . . . : »
30
Credit, short- arid intermediate*term. v.
. . . . . 17,18
Crops.........;., v .............
3,7,27,28,30,38
Crude oil and natural gas,
,,
.., v ,4,13-15,35
Currency in circulation. . , . , , » , . , . , „ . « ,
~
19
Dairy products,,
3,7,27
Debits, b a n k . . . . . . . . : ; . . . . , , ; . . .
16
Debt, U.S. Government
,
..,,..!!..' 18
Department stores.
_....,»
11,12,17
Deposits, bank,
\ ..»...'.
., 16,17,19
Disputes, industrial
»
.„...«,.:»..,,,..
16
Distilled spirits.*, ...
.,»...,....,.,.......,
26
Dividend payments, rates, and yields.
2,3,18-21
Drug stores, sales.; . , , . , . ; . . . „ . , , . » . , . .
11,12
Earnings, weekly and hourly, ....____, .____...... 14-16
Eating aind drinking places. . . . . . . . . . . . . . . . . . . . 11, 12
Eggs and poultry. ...._______......____... ...... 3,7, 29
Electric power. ......... ..... ...... ...... ... 4,8,26
Electrical machinery and equipment. . • • , , . . . . . • , . ,
3,
5,6,8,13-15,19,22,34
Employment estimates, . . , . . . , , . .......... .... 12—14
Employment Service activities. ........
........
16
Expenditures, U.S. Government, ...............
18
Explosives. ,. ............. ............ . ........ 25
Exports (see also individual commodities). ... 1, 2, 21-23
Express operations. . ..... , . . v ..... I____.......
23
Failures, industrial and commercial. . ...... .....
7
Fans and blowers, , . . . . . . « « ..... ....... ..... . . 34
Farm income, marketings, and prices. ---- . ..... . . 2, 3, 7
Farm wages. . , , . , . , . , . ; . » » , , . . , . .......... ...
16
Fats and oils. . . . . , ..... . , . , , . . . « i ........ 8, 22, 29, 30
Federal Government finance. , ............. ...
18
Federal Reserve banks, condition of ...... . ...... 16
Federal Reserve member banks. . ..... . . ...... . »
17
Fertilizers____. , , , , , , . .____. .____....____.... 8,25
Fire losses ..... ... ....... ... . . ....... , ....... 10
Fish oils andfish____,.....,.,,,,..,.. ..... . . ,
29
Flooring, hardwood. . ; ....... .......____.......
31
Flour, wheat. .......____, . ......... ....:,,...
28
Food products. . . . 1, 4-8, 10, 11, 13-45, 19, 22, 23, 27-30
Foreclosures, real estate. , ................ i i ...
10
Foreign trade (see also individual commod.) ..... 21-23
Foundry equipment, ,. + .....,. .......... . . . . .
34
Freight carloadings. , . .V. ..... i. , . , ;____... . . . 24
Freight cars (equipment) . . . . . . , . . » , .___. . ..... 4, 40
Fruits and vegetables. ...________. ........ .... 7,8,22
Fuel oil. ....... ...... .... ........._____....... 35, 36
Fuels . . , . . , , . , . , . .____, ............ 4,7,8,22,35, 36
Furnaces, ...... ..... ........ . . ..............
34
Furniture. . . . , ., ...... .... ...-„. ... . 3,4,8, 11*15, 17
Furs,.. . . . •; '.y. ../.;</.... .; . ;, ,.,.,.,..;...'....
23
Gas, output, prices, sales, revenues. ..... ...... 4, 8, 26
Gasoline.____....... .____............ ....... 1, 35, 36
Glass and products. . . . . . ..... . ..... ..........
38
Glycerin......... . ...... . . . . . . . . . . . . . . . . . . . . .
25
Gold. . . : .... ... . . . ... . . / . . . , . , . . . ........... 19
Grains and products. . . , ; , , . , . , . . . . , 7, 8, 22, 24, 27, 28
Grocery .stores. . . . . . . . . .____,,.........,.,... 11, 12
Gross national product. ...... . . . , , . . . . .... . ; . .
1
Gross -private, domestic Investment. . ; . - . , . ; , . , . , - , - ; 1 Gypsum and products. ....... ^ , . , . . , , , . . . . . . . . 8, 38
Hardware stores. .... ..... . ........ . . . . . . . . . .
11
Heating equipment. ........ ........ „ ...... ... 8, 34
Hides and skin?. .....____. ... . . . .'. ........... 8,30
Highways and roads ..... , . . . . , , . ......... . , , , 9, 10
Hogs, .... . . . . . , . , . , ; . . . . ; . , . . . , . . . ; ...... ...
28
Home Loan banks, outstanding advances. . , ..... 10
Home mortgages. ---- .......................
10
Hosiery. ........... ....... ...... . . . . . . . . . 40
Hotels, . ; . . ;------. ....... . . , , . , . , ;______, , . 14, 15, 24
Hours of work' per week. , , . - . . » ..... ,____. . , , , , .
14 Houseftirnishings, ,......,.,......,.., 1, 4, 7, 8, 10-12
Household appliances and radios. > . . , . . . . , , 4,8, 11, 34
Housing starts "and permits, . , ; V . . . . . . . . . , , , ,
9
Imports (see also individual commodities) ..... 1, 22,23
Income, personal . , , . ......... , . . , , , / . . . , . . . „ . 2, 3
Income and employment tax receipts. ...
........
18
Industrial production indexes:
By industry. ......____. ; . , . . . . . . . , . . , , , . , . . 3,4
• By market grouping; . , . ; . . . . . . , . . . . • , ; . . . , . . 3, 4
Installment credit. ...... ..... ........ ..... 12, 17, 18
Installment sales, department stores. .... .......
12
Instruments and related products . . . . ; . . , . , 3$ 5, 13-15
Insurance, life ..... ........____........... ____
18, 19
Interest arid money rates .... , , . ..... . . . . . . » , . ,
17
Inventories, manufacturers9 and trade, . . . . . . 4-6, 11, 12
Inventory-sales ratios ....... , , . . . . , , . . » , . . . , _
5
Iron and steel. . . , . . 3» 5, 6, 8, 10, 13-15, 19, 22, 23, 32, 33
Labor advertising index, disputes, turnover.
16
Labor force. . . ............______. \ . . .____.
12
Lamb and mutton ........ ....___.........
28
Lard. . . ; ...... . . , . ..... . . . . . , . . . . . , , . . . ;
28
Lead.
.
„, ..... .......
.........
..33
Leather and products .............. . . 3, 8, 13-15, 30, 31
Life insurance ..... . ...... ............ ........ ; 18^ 19
Linseed oil. . . ................. ....
...........
30
Livestock, ,, . . . . . . , , . , , . , .............. 3,7,8,24,28
Loans, real estate, agricultural, bank, brokers*
(see alsx) Consumer credit). ............ 10, 16, 17, 20
Lubricants. » . ..... . ........ ..... ........____. 35, 36
Lumber and products, ........ ...... 3,8, 10-15, 19, 31
Machine toools. . . . . . . , > . . 1 ....... , . ,
,
34
Machinery, ....... ........ ... 3, 5, 6, 8, 13-15, 19, 22, 34
Mail order houses, sales .....', ......... , ..... ...
11
Matimade fibers arid manufactures. . . . . . . . . . . . . 8,39
Manufacturers* sales (or shipments), inventories,
orders .......... . » . , , , , . ........ , . ..... .... 4-6
Manufacturing employment, production workers,
payrolls, hours, earnings. ............ ........ 13-15
Manufacturing production indexes. . . .___. . ...... 3, 4
Margarine ............... ..,.,, . , » . . . ......... .
29
Meat animals and meats. , . ........ ..... 3, 7, 8, 22, 28
Medical and personal care. . ___ ......... . . . .
7
Metals ..... ....... ..... 3-6, 8, 13-15, 19, 22, 23, 32-34
Milk, . . ..... .____. . ..;..., ....... . . .......... 27
Mining and minerals ..... . . ..... . . 2-4, 8, 13-15, 19, 20
Monetary statistics ........ . . ........ ,.'...,___.
19
Money supply. . ....... ..... ; ............. ....
19
Mortgage applications, loans, rates, . . . . . . . . . 10, 16, 17
Motor carriers. ..... ........ , , .......... .... 23,24
Motor vehicles ---- , . . ... 1, 3-8, 10, 11, 13-15, 19, 22, 40
Motors and generators. . . . . . ..... . ...... , ...... 34
National defense expenditures,...... fc .: 4 , ' . -„•';.; t 1, ig
National income and product. ..
l 2
National parks, visits........... X „* I "t/.\ ] ^ \
24
Newsprint....... W . . . . . ; . , . . , . . . ; . . , . . . . . . . . i23,37
New York Stock Exchange, selected data..... 20,21
Nonferrous metafe..
.....,..,.... 3,8,19,23,33,34
rNonmstalunent credit.
; , . , , . . 17,18
Oats....:.... ;V
,,.... :
27
Oil burners. . .
,..;....
. . . . . , . .,.'.'.*.'.'.[
34
Oils and fats.,
I ,^ 8,22,29,30
Orders, new and unfilled, manufactures9.. * ^ . . . . . - * 6
Ordnance,»......,»....., ^..................'. 13-15
Paint and paint materials......... . . . . . ; . , . . ^» 8, 25
Panama Canal t r a f f i c . . . , . . , . . ^ . . . . . . . , . . . . . , ;
24
Paper and products and pulp..
.......
3
„ .
V
5,6,8,13-15,19,23,36,37
Parity r a t i o . . . , . . . . . . . . . . . , . . . , . . . . . , , . . , . . _
7
Passports issued........
....,..........,«.]
24
Payrolls, indexes. » * . . . . ; . , . . , . . , . . » » , . , , . , . , ^
14
Personal consumption expenditures...»,.....,...
1
Personal income....,.,.....,.....,,
2,3
Personal outlays.......
....
;.....]]
2
Petroleum and products..,,.....
.. ... ; .
4-6
8,11,13-15,19,22,23,35,36
w .
Pig
iron.
t,..... t . . . ,v.,.,.,........
32
Plant and equipment expenditures.....;..;... ]. 2,20
Plastics and resin materials..
..;,,.
....
25
Population.,..,
,.....;... r .
.
12
v.
Pork.....,
\
, , , _ „;;.,;, ;,",]-*
28
Postal savings........,..,..,,,.
,.,,.....
17
Poultry and eggs.
. . . , , . . ; , . _ . . , . . . , , , . . 3,7,29
Prices (see also individual commodities). .
7,8
Printing and publishing
4,13-15
Profits, corporate............,...._...'.., . 2,19
Public utilities
2-4,7-$, 13U15,19-21
Pullman Company..,.........,,.,.,
24
Pulp and pulpwood
,»
..............
36
Purchasing power of the dollar. .,\.;
8
Radiators and convectors..............
...
34
Radio and television
....... 4,8,10,11,34
Railroads ..... -,-",., .,....... 2,13,14,16,20,21,24,40
Railways (local) and hug lines,.............. 13-15,23
Rayon and acetate...,».,..,.,
;
39
Real estate........
, , . . . . » . , 10,17,18
Receipts, U.S, Government...
». 4 5 . . . . , . , . . ;
18
'Recreation
../.,.. .^. /, ....'..•.,,,.:.,..... ' '. 7;
Refrigerators and home freezers.. . i . ; . ,
34
Rent (housing),
^ ....
7
Retail trade,,.
............... 4,5,7,11-15,17,18
Mice.
.....
27
Roofing and siding, asphalt. ...............
36
Rubber and products (incl. plastics). * . . . , „
4-6,
8,13-15,23,37
Saying, persona! .............. . . . . . . . . . . , , . . , ,
2
Savings deposits, , . ...... ..... . . ........ ......
17
Securities Issued. ... ......... . . . . » , , . . , . ...... . 19,20
Security markets. ........ ....... . ;___. , ...... 20,21
Services. . . ....... ......... . . ...... ...... lf 7, 13-15
Sheep and lambs. ..... ....... .... ____ ........
28
Shoes and other footwear. . . , .______...
8, 11, 12,31
Silver. . .......... ....... ... . . . , . ;-. ..........
19
Soybean cake and meal and oil, .....,...,,,..
30
Spindle activity, cotton ..,..,,.;. ..... . , ; . . . » .
39
Steel ingots and steel manufactures, ............ 32,33
Steel scrap. , , •.....; . .\.___,. .'. /./.;. . .'. . .;.'.-. .V. . . 32
Stock prices, earnings, sales, etc. . . , , . . . . , . . . , . . 20,21
Stone, clay, glass products. .... . ; . . 3-5,8, 13-15, 19,38
Stoves and ranges. ...... » . . . . . ,
.........
34
Sugar. . .____; . .____-. . ........ . . . . . . . . .
...23,29
,
.
.
.
.
25
'
Sulfuric acid . ___
25
Superphosphate.
25
Tea imports. .
..
29
Telephone, telegraph, cable, and radiotelegraph
carriers
..
.-.:...;.,. 13-15,24
Television and radio
4,8,10,11,34
Textiles and products..... 3,5,6, 8,13-15,19,22,38-40
Tin
;:;.,....;..•....•....;.,..........V..... 23,33 •
Tires and inner tubes. .
. . . . , , . . , . , , , , 8,11,12,37
Tobacco arid manufactures. . ..... 4-8,10,13-15,22,30
Tractors,
; , , . 22,34
Trade (retail and whoelsale).....
...... 4,5,11,12
TransitInes, local.
: . . . , . . . . , , . . . . . . 14,15,23
Transportation......
1,2,7,13-15,23,24
Transportation equipment.....
.. 3-6,13-15,19,40
Travel,
...;,,...;.,...,. 23,24
Truck trailers
40
Trucks (industrial and other)
. . . , . . . . . . , . , ; 34,40
Unemployment and insurance.................. 12,16
U.S* Government bonds,.
. . . . . . , , . , , , . . 16-18,20
U.S. Government
finance...............,,;.,
18
Utilities
2-4,9,13-15,19-21,26
Vacuum cleaners
^
,:..,»...
34
Variety stores. .,
, , , » . . . . , . , . ; . . , . , . . . . . . v II, 12
Vegetable oils.. . . . V . . : . . . . . , . . . . .
30
Vegetables and fruits.....
;.
7,8,22
Vessels cleared in foreign trade,
24
Veterans* benefits. , . , , , ,
,.;,,,...
16* 18
Wages and salaries,
. . ; . . , . , . , 2,3,14-16
Washers and driers..... V . . . . I . . . » » . . , . . . . . : . .
34
Water heaters....
....;.._..,,,....
34
Waterway traffic
.*.,,........„,»
24
Wheat and wheat
flour..:,.,....
28
Wholesale price indexes. . . , » . » , , ; . . . ,
«.»,»,
8
Wholesale trade..................;'.. ; . . 4,5,7,13-15
Wood pulp. . . ......................
. -.„36
Wool and wool manufactures.
, „ . . . . . , , , 7,8,23, 39
Zinc.. , . , . . . . . } .
-;., .....;.;. t . . . . . . . . . 33,34
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revisions connected with the incorporation of the 1958 economic
censuses into the national income and product estimates. Summary
results of these revisions, with explanations, were first published in
the August 1965 SURVEY OF CURRENT BUSINESS.
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