Full text of Survey of Current Business : November 1967
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
NOVEMBER 1967 / VOLUME 47 NUMBER
SURVEY OF CURRENT BUSINESS
CONTENTS
U.S. Department of Commerce
THE BUSINESS SITUATION
Summary
1
National Income and Product Tables
4
Corporate Output, Prices, Costs, and Profits
Alexander B. Trowbridge / Secretary
William H. Shaw / Assistant Secretary
for Economic Affairs
8
Office of Business Economics
George Jaszi / Director
Morris R. Goldman Louis J. Paradise
Associate Directors
ARTICLE
Murray F. Foss / Editor
Financial Developments in 1967
11
Billy Jo Hurley / Graphics
NEW OR REVISED STATISTICAL SERIES
Indexes of Industrial Production, 1966
Leo V. Barry, Jr. / Statistics Editor
20
CURRENT BUSINESS STATISTICS
General
S1-S24
Industry
S24-S40
Subject Index (Inside Back Cover)
STAFF CONTRIBUTORS TO THIS ISSUE
Business Review and Features:
David R. Hull, Jr.
Francis L. Hirt
John A. Gorman
Article:
Donald A. King
Subscription prices, including weekly statistical supplements^ are $6 a year for domestic and $9.75 for foreign
mailing. Single issue 45 cents.
Make checks payable to the Superintendent of Documents and send to U.S. Government Printing Office,
Washington, D.C. 20402, or to any U.S. Department of
Commerce Field Office.
U.S. DEPARTMENT OF COMMERCE FIELD OFFICES
Albuquerque, N. Mex. 87101
U.S. Courthouse Ph. 247-0311.
Anchorage, Alaska 99501
Loussac-Sogn Bldg. 272-6331.
Atlanta, Ga. 30303
75 Forsyth St. NW. 526-6000.
Cheyenne, Wyo. 82001
6022 U.S. Federal Bldg.
Ph. 634-5920.
Chicago, 111. 60604
1486 New Federal Bldg.
Ph. 353-4400.
Baltimore, Md. 21202
305 U.S. Customhouse PL 2-8460.
Cincinnati, Ohio 45202
550 Main St. Ph. 684-2944.
Birmingham, Ala. 35205
908 S. 20th St. Ph. 325-3327.
Cleveland, Ohio 44101
E. 6th St. and Superior Ave
Ph. 211-7900.
Boston, Mass. 02203
JFK Federal Bldg. CA 3-2312.
Buffalo, N.Y. 14203
117 EHicott St. Ph. 842-3208.
Charleston, S.C.
29403
334 Meeting St.
Ph. 747-4171.
Charleston, W. Va. 25301
500 Quarrier St. Ph. 343-6196.
Dallas, Tex.
75202
1114 Commerce St.
RI 9-3287.
Denver, Colo. 80202
16419 Fed. Bldg., 20th & Stout Sts.
Ph. 297-3246.
Des Moines, Iowa 50309
1216 Paramount Bldg.
Ph. 284-4222.
Detroit, Mich. 48226
445 Federal Bldg. Ph. 226-6088.
Greenshoro, N.C. 27402
412 U.S. Post Office Bldg.
Ph. 275-9111.
Hartford, Conn. 06103
18 Asylum St. Ph. 244-3530.
Honolulu, Hawaii 96813
202 International Savings Bldg.
Ph. 588-977.
Memphis, Tenn. 38103
345 Federal Office Bldg.
Ph. 534-3214.
Miami, Fla.
33130
25 West Flagler St. Ph. 350-5267.
Milwaukee. Wis. 53203
238 W. Wisconsin Ave. BR 2-8600.
Minneapolis, Minn. 55401
306 Federal Bldg. Ph. 331-2133.
New Orleans, La. 70130
610 South St.
Ph. 527-6546.
Houston, Tex. 77002
515 Rusk Ave. Ph. 228-0611.
New York, N.Y.
10001
Empire State Bldg. LO 3-3377.
Jacksonville, Fla. 32202
400 W. Bay St. Ph. 791-2796.
Philadelphia, Pa.
1015 Chestnut St.
Kansas City, Mo. 64106
911 Walnut St. FR 4-3141.
Phoenix, Ariz. 85025
230 N. First Ave. Ph. 261-3285.
Los Angeles, Calif. 90015
1031 S. Broadway Ph. 688-2833.
Pittsburgh, Pa. 15222
1000 Liberty Ave. Ph. 644-2850.
19107
Ph. 597-2850.
Portland, Oreg. 97204
217 Old U.S. Courthouse Bldg.
Ph. 226-3361.
Reno, NTev. 89502
300 Booth St. Ph. 784-5203.
Richmond, Va. 23240
2105 Federal Bldg. Ph. 649-3611
St. Louis, Mo. 63103
2511 Federal Bldg. MA 2-4243.
Salt Lake City, Utah
84111
125 South State St. Ph. 524-51 If
San Francisco, Calif. 94102
450 Golden G a t e Ave.
Ph. 556-5864.
San Juan, Puerto Rico 00902
100 P.O. Bldg. Ph. 723-4640.
Savannah, Ga. 31402
235 U.S. Courthouse and P.O
Bldg. Ph. 232-4321.
Seattle, Wash. 98104
809 Federal Office Bldg.
Ph. 583-5615.
the BUSINESS SITUATION
_T OR the second month in a row, the
direct and indirect effects of strikes
dominated economic developments. A
small drop in motor vehicle assemblies
from the depressed September level,
cutbacks in related supplying industries, and decreases due to strikes in
mining and machinery were mainly
responsible for another decline in industrial output. These reductions held
down the gains registered in the more
comprehensive indicators such as nonfarm employment and total personal
income. All told, it was a somewhat
drab performance but one that should
be regarded as temporary. Overall demand is fundamentally strong; output
should reflect this strength once the
distortions due to labor disputes have
disappeared.
Revised third quarter GNP
Revised estimates of GNP put the
third quarter total at a seasonally adjusted annual rate of $791 billion, a
$1 billion upward revision from the
preliminary figure published last month
and a $16 billion increase over the
second quarter. The upward revision
reflected an increase in the estimate of
the change in business inventories that
more than offset a downward revision
in final sales. It now appears that
inventory accumulation in the third
quarter was at a seasonally adjusted
annual rate of almost $4 billion, up
from $% billion in the second. Mainly
because of downward revisions in consumption expenditures and Federal
Government purchases, the rise in
final sales over the second quarter is
now placed at about $13 billion instead
of $14 billion. Final sales in each of the
first two quarters increased by $15%
billion.
Third quarter profits up
According to preliminary estimates,
corporate profits before tax and including the inventory valuation ad just-
Change in Business Inventories
Inventory investment rose in the third quarter
after sharp declines in first half
Third quarter turnaround due mainly to
less liquidation by trade firms
ment rose $1 billion to a seasonally adjusted annual rate of $79.3 billion in
the third quarter. This was the first
significant rise in 1967; profits fell
approximately $6J£ billion in the first
quarter and were essentially unchanged
in the second.
The third quarter pickup was fairly
widespread among industries. Important exceptions were the railroads,
where a relatively low traffic volume
affected earnings, and durable goods
manufacturing and mining, where
strikes had an adverse effect on profits.
Billion $
Small rise in income
5
-
MAN UFA CTURING
10
—
-
•n
1 —1
nn"
1 -
10
TRADE
-5
I
II
III
IV
1966
I
II
III
1967
Quarterly, Seasonally Adjusted at Annual Rates
Includes small amount for industries other than manufacturing and trade.
U.S. Department of Commerce, Office of Business Economics
67-11-1
In October, private wage and salary
disbursements showed only a slight
improvement over the September rate,
and personal income increased only
$1% billion, the smallest monthly advance since early spring. However, government payrolls rose $% billion for the
third month in a row, and nonpayroll
incomes were higher on balance.
Manufacturing payrolls, which were
about unchanged in September after a
large increase the preceding month,
dropped more than $% billion. This reduction was attributable to a decrease
in the average length of the workweek
in combination with minor changes in
employment and average hourly
earnings. Payrolls rose in the service
and distributive industries and in
construction.
Proprietors' income showed a net decline over the month because of lower
farm income. Interest incomes continued to advance, but dividends were
reduced for the second consecutive
month.
1
SUEVEY OF CUERENT BUSINESS
Seasonally adjusted employment in
nonfarm establishments increased by
about 120,000 persons from September
to October after a decline of almost
150,000 the previous month. A good
part of the October gain was in State
and local government, as teachers who
were on strike in September returned
to their classrooms. Employment in
retail stores also showed a large increase, but in other industries employment changes were generally small.
Employment in manufacturing plants
rose very slightly in October as a decline
of 30,000 workers in durable goods
industries—due largely to a strike in
the machinery industry—was offset
by widespread but small gains in
other durable and nondurable goods
industries.
Unemployment increases
Gains in employment this autumn
have fallen short of increases in the
labor force, which have been unusually
large, and both the level and the rate
of unemployment have risen perceptibly
since the spring and summer. Total
unemployment, after holding at about 3
million persons from June through
August, increased by almost 200,000
persons in both September and October,
after seasonal adjustment. The rate of
unemployment advanced to 4.3 percent
of the civilian labor force in October
from 4.1 percent the month before;
these are above the average rates of 3.8
and 3.9 percent in the second and third
quarters and exceed the still lower level
that prevailed in late 1966 and early
1967. Even so, the demand for labor
continues to be strong for those with
skill and experience. Unemployment
rates for married men, for example, are
still below 2 percent; although a little
higher than in the first quarter, they
have changed relatively little since
early spring.
The recent rise in unemployment
comes at a time when total output has
shown a clear-cut acceleration over the
pace of activity in the first half of the
year. However, it is not unusual for an
improvement in unemployment to lag
behind an improvement in output. This
is what happened in the early recovery
periods of the 1958 and 1961 upturns
as well as in the recovery after the
economic slowdown in late 1962.
November 1967
The most sizable increase in unem- justed annual rate of a little more than
ployment during the past 2 months has 7 million from 7.7 million in September.
been among adult women, mainly be- Although the October rate of sales was
cause they entered the labor force in the third lowest monthly rate for the
unusually large numbers. On a season- year, a reasonable allowance for the loss
ally adjusted basis, the labor force of in Ford sales would suggest that October
women age 20 years and over was sales were—at the least—fairly good.
more than 500,000 higher in October
The automobile industry has not been
than it was 2 months earlier; only half in a position to build up its inventories
of these entrants were able to find jobs. of the new 1968 models to desired levels
As a result, the unemployment rate for because of the labor disputes. Dealers'
the group has risen almost 1 full stocks of unsold cars at the end of
percentage point from the August rate October held at the September level of
of 3.9 percent. The recent large influx 1.1 million units, seasonally adjusted;
of women is in sharp contrast to the this was close to the July low and
experience in the first half of 1967. At 340,000 units under the stock at the
that time, when real output was show- end of October 1966.
ing little growth, large numbers of
Wholesale prices
adult women left the labor force.
The overall index of wholesale comUnemployment among teenagers has
modity prices changed little from Aushown a progressive deterioration this
year. The number out of work has gust to October as increases in prices
increased fairly steadily since the first of industrial commodities were offset
quarter; although the teenage labor by declines in farm products, processed
force has edged down, employment has foods, and feeds. The rise in industrial
fallen even more and in October was prices followed several months of stabelow its year-earlier level. The unem- bility and coincided with this summer's
ployment rate, which was at a low (for quickening in the pace of economic
the current expansion) of 11% percent activity; in contrast, farm, and food
in the first quarter, has averaged more prices have been declining irregularly
over the past year. Eecent advances in
than 14 percent in the last 2 months.
industrial prices have centered in
finished goods. Prices of industrial
Auto production depressed
crude materials have declined quite
Production and sales of passenger steadily this year and are at their
cars and trucks were held down for the lowest point in 2% years (chart 2).
second straight month by the Ford
The reductions in crude material
work stoppage. Although the combined prices this year, although substantial,
output total of 750,000 units for Octo- have not been a major influence on the
ber was well ahead of the count in the movement in the wholesale industrial
strikebound month of September, it was index because they comprise only a
little changed on a seasonally adjusted small part of it. Improved supplies
basis.
of such items as hides and skins and
With the settlement of the Ford strike, oilseeds, as well as some lessening in
production workers began to return to the demand for crude rubber and metal
assembly plants in the week of Novem- scrap, are mainly responsible for the
ber 6, but assemblies for the industry drop in this component. An important
as a whole continued to be adversely exception has been crude petroleum
affected by wildcat strikes at plants of prices, which have firmed.
Prices of intermediate materials
other producers. As a result of these
walkouts and a low level of output at (which account for about half the
Ford, production of cars and trucks in weight in the industrial price index)
the week ending November 11 fell about have changed relatively little through8 percent from the average of the pre- out 1967, although increases have been
evident in the last 2 months. Higher
vious 5 weeks.
Because of the substantial loss of labor costs have been important in
new car sales by Ford, dealers' sales of the most recent advances, particularly
domestically produced passenger cars in steel; in addition, the recovery in
declined in October to a seasonally ad- homebuilding has brought price in-
November 1967
SURVEY OF CUERENT BUSINESS
creases for lumber and other building
materials. These increases have been
offset by reductions in the prices of
textile fabrics, especially synthetics.
Labor costs are especially important
in the prices of finished goods, and
increases in these costs have been the
main factor in the rise of finished goods
prices. The uptrend in prices of producer finished goods also reflects the
continued high demand for machinery
and equipment. Prices of consumer
finished goods, excluding foods, show
mixed trends. On balance, durables
have been about unchanged since the
increase in passenger car prices in the
fall of 1966; another rise in the index is
likely this fall because of price boosts
for household appliances, color television sets, and new cars. The rise in
prices of consumer nondurables other
than foods is due mainly to large increases for clothing and automobile
tires.
Third Quarter Inventories
Inventory investment by nonfarm
business rose from a $K billion annual
rate in the second quarter to $3% billion
in the third. It was the first quarterly
increase in accumulation this year and
was the main reason for the accelerated
advance in GNP this summer. Trade
firms on balance were responsible for
virtually all of the inventory shift
(chart 1). Here, retailers (chiefly in
nondurables) continued to liquidate
stocks—but at a slower rate than in
the second quarter—while wholesalers
shifted from liquidation to accumulation. Manufacturers as a whole did not
contribute to the third quarter shift
because a step-up in investment by
durable goods producers was approximately offset by a lower rate of accumulation—for the second quarter in a
row—by producers of soft goods.
Manufacturers9 stocks
The increase in inventory accumulation by durable goods manufacturers
from the second to the third quarter
was due mainly to the motor vehicle
industry, which liquidated stocks in
the second quarter and shifted to sub
Most of the reduction in stocks of
stantial accumulation in the third. It
may be recalled that automobile man- nondurable stores was over by the end
ufacturers cut their output this spring of the first quarter and there has been
and then began to increase production little change since then. As of Septemat a rapid rate until the strike in Sep- ber, stocks of apparel and general
tember. Aside from motor vehicles, merchandise stores appeared to be
durable goods manufacturers showed a somewhat low.
Stocks of wholesalers continued to
lower rate of accumulation in the third
quarter than in the second, continuing rise through the first quarter of 1967
the pattern in the first half of 1967.
(Continued on page 10)
The stock-sales ratio in durable goods
manufacturing at the end of September
was high on an overall basis whether
the motor vehicle industry is included
or not. The overall ratio, which was
high in late 1966, has since increased,
and the ratios of most of the major
Wholesale Prices
industry groups this September were
above those of a year ago. Sales in this 1957-59 = 100
group of industries have been depressed 115
Farm Products, Processed
by the inventory adjustment; this has
Foods and Feeds
contributed to the high inventory-sales 110
ratios.
All Commodities
The third quarter decrease in accumulation of nondurable goods manufac- 105
turers centered mainly in the chemicals
Industrial Commodities
industry; in addition, food manufacTOO
turers liquidated more stocks in the
summer quarter than in the spring.
Relative to sales, stocks in late summer 95
did not appear to be especially high on
110
an overall basis.
Trade stocks
Retailers as a group were the first to
liquidate the excessive stocks confronting them last winter. Their stocks
fell rather sharply in the first half of
1967, and because sales were rising, the
ratio of stocks to sales fell more
noticeably. By midyear, this ratio did
not appear excessive and was perhaps
a bit low. With stocks little changed
and sales continuing upward, the stocksales ratio has edged down since
midyear.
Stocks of automobile dealers decreased throughout 1967 and have
dominated the movement in retail
inventories. But stocks of furniture
and appliance and lumber dealers also
fell in the first half and approximately
leveled off in the summer quarter. For
each of these lines of trade, stocks
appeared low in relation to sales at
the end of September, gaged by the
ratios of the past few years.
INDUSTRIAL
MATERIALS
105
Intermediate
X
100
\
Crude
95
90 I I i I I i I I I I I I i I I I I I I I I I I I I I I I I I I I I I I I I 1 1 I I I I I I
115
FINISHED GOODS
110
/
Producer
^x
105
~-~'"''
«*
— —I—-*''"
S**"^ ^"~
^^ Consumer Nondurable
Excluding Food
100
V
Consumer Durable
95
\ M 1 1 1 II
1964
1 1 1
1 II
1 1 1j 1 1 1 1
1965
1
1966
Latest d ata: Top panel, October (preliminary).
Other panels, September,
U.S. Dep artment of Commerce, Office of Business Economics
1967
p a t a; BI_$
67-11-2
SURVEY OF CUREENT BUSINESS
November 1967
NATIONAL INCOME AND PRODUCT TABLES
1965
1966
II
III
1966
1967
1966
I IV
II
III
1965
1966
III
II
1967
IV
II
III
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Billions of 1958 dollars
Billions of current dollars
Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
683 9
743 3
736 7
748 8
762 1
766 3
775.1
791 2
616 7
652 6
649 3
654.8
661.1
660.7
664.7
672.0
433 1
465 9
461 6
470 1
473 8
480 2
489.7
495.3
398.4
418.0
415.2
420.4
420.4
424.2
430.6
431.5
66 0
191.2
175 9
70 3
207.5
188 1
68 2
207.1
186 3
70 9
209.5
189 8
70 6
210.3
192 9
69 4
214.2
196 6
72 5
217.2
200 0
72 7
218.5
204 1
66 4
178.9
153 2
71 3
187.7
159 1
69 3
187.7
158 2
71 9
188.8
159.8
71 1
188.4
160.9
69 7
191.8
162.6
72.9
193.6
164.1
72.7
192.8
166.0
107 4
118 0
118 5
116 4
122 2
110 4
105.1
112 2
98.0
105.6
106.5
103.6
108.4
96.9
91.3
96.4
98 0
104 6
104 5
104 9
103 7
103 3
104 6
108 4
89 1
93 0
93.1
93.0
91.2
90.2
90.9
92.9
Nonresidential
_. _
Structures
Producers' durable equipment..
71 1
25 1
46 0
80 2
27 9
52 3
78 7
27 5
51 2
81 2
28 2
53 1
82 8
27 7
55 1
81 9
27 7
54 2
81 5
26 3
55 2
82 8
26 6
56 2
66 0
21 9
44 1
72 8
23 6
49 2
71 7
23.4
48.3
73.6
23.7
49.9
74.2
23.0
51.2
73.0
22.9
50.1
72.6
21.7
51.0
73.2
21.5
51.7
Residential structures
Nonfarm
Farm
27 0
26 4
5
24 4
23 8
5
25 8
25 3
5
23 7
23 2
5
20 9
20 4
5
21 4
20 9
6
23 1
22 5
g
25 6
25 0
Q
23 2
22.7
5
20 2
19 7
5
21.4
21.0
5
19.4
19.0
.5
17.0
16.5
.5
17.3
16.8
.5
18.3
17.8
.5
19.7
19.2
.4
Change in business inventories
Nonfarm
Farm
_
9 4
8 4
10
13 4
13 7
'3
14 0
14 4
— 3
11 4
12 0
— 5
18 5
19 0
— 5
71
73
— 2
5
6
— i
38
34
4
88
79
9
12 6
12 9
— 3
13.4
13 7
—.3
10.6
11.1
—.5
17.2
17.7
—.5
6.7
6.8
-.2
.4
.5
-.1
3.5
3.2
.4
Net exports of goods and services
6 9
51
54
4 6
4 3
53
5.3
54
6.0
4.4
4.8
4.1
3.2
4.1
4.1
4.2
42.8
38.6
Gross national product
.
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
_ _
Exports
Imports
39 1
32 2
._
State and local
43 7
39 0
44 0
39 7
45 3
39 9
45 1
39 8
45 6
40 2
37 5
31 5
40 8
36 4
40 4
35 6
41 4
37.3
41.2
38.0
42 4
38.3
154 3
151 2
157 7
161 7
170 4
175.0
178 2
114.3
124.5
122.7
126.6
129.1
135.5
138.7
139.9
77 0
60 5
16 5
74 9
58 4
16 6
79 5
63 0
16 6
81 5
65 6
15 9
87 1
70 2
16 8
89 5
72 5
17 0
90 9
73 3
17 6
57 8
64.7
63.4
66.4
67.8
72.3
74.4
75.1
69 6
Federal
National defense
Other
.
42 5
37 1
66 8
50 1
16 7
Government purchases of goods and services
43 0
37 9
136 4
__
42.3
38.2
77 2
76 2
78 1
80 2
83 3
85 4
87.4
56.4
59.9
59.4
60.1
61.3
63.2
64.3
64.9
Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
Gross national product
_
Final sales
Change in business inventories
Goods output
683 9
743.3
736 7
748 8
762 1
766 3
775.1
791.2
616.7
652.6
649.3
654. 8
661.1
660.7 •664.7
672.
643.9
17.2
654.0
6.7
664.3
.4
668.
3.
674 5
9.4
__ .
729.9
13.4
722 6
14.0
737 4
11.4
743 6
18.5
759 2
7.1
774 6
.5
787.4
3.8
607.8
8.8
639.9
12.6
635.9
13.4
644.2
10.6
346 6
379 6
375 7
381 8
391 7
388 1
392.1
398 7
330.0
353.7
351.0
354.7
361.1
356.6
359.5
362.
Final sales
Change in business inventories
337 2
9 4
366 2
13.4
361 7
14 0
370 3
11 4
373 2
18 5
380 9
7.1
391 6
.5
394 9
3.8
321.2
8.8
341.0
12.6
337.6
13.4
344.1
10.6
343.9
17.2
349.9
6.7
359.1
.4
359.
3.
Durable goods
Final sales
Change in business inventories.
139 5
132 8
6 7
154 6
144 7
9.9
151 4
141 6
97
155 7
145 8
99
161 1
148 3
12 8
153 9
150 5
3.4
155 5
156 0
—.6
161 4
157 9
3.5
136.3
129 8
6.5
150.0
140 6
9.3
147.3
138 0
9.3
150.8
141.6
9.2
154.2
142.3
11.9
146.6
143.6
3.0
148.3
148.9
-.6
153.
149.
3.
Nondurable goods
Final sales
_ ___
Change in business inventories
207 1
204 4
27
225 0
221 5
35
224 4
220 1
43
226 1 230 6
224 5 224 9
15
57
234 2
230 5
37
236 6
235.5
1l
237 3
237.0
3
193 7
191.4
2.3
203 7
200.4
3.3
203.7
199.7
4.1
203.9
202.5
1.4
206.9
201.6
5.3
210.0
206.3
3.6
211.2
210.2
1.0
209.
209.
262 9
287 2
283 5
291 6
303 1
307 8
313 5
222.3
235 2
233.5
237.9
239.8
242.7
244.4
246.
77 4
75 5
63.7
64.7
62.2
60.2
61.3
60.8
62.
654.8
661.1
660.7
664.7
672.0
604.2
602.7
606.0
612.5
586.6
563.0
23.6
593.3
569.1
24.2
15.0
Services
Structures
74 4
76 5
296 9
73 5
75 2
75.2
79 0
64.4
Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product-
683 9
Private
Business
Nonfarm
Farm
Households and institutions
Kest of the world
General government
616 1
_ _
743 3
666 7
736 7
661 5
748 8
670 6
762 1
681 9
766 3
683 9
775.1
690.9
791 2
705 2
616 7
565 8
652.6
597 5
649.3
594 8
599.0
593 4
569 8
23 6
642 4
617 6
24 8
637 6
612 8
24 8
646 2
621 6
24 6
656 9
633 0
23 9
658 7
635 1
23 6
665 3
641 9
23 3
679 6
655 3
24 4
547.8
524 2
23 6
578.9
556 4
22.4
576.3
554 4
22.0
580.2
558.0
22.2
585.1
562.7
22.4
583.6
559.9
23.7
18 5
20 1
19 7
20 3
20 6
21 1
21 4
21 2
14 0
14.7
14.4
14.8
14.9
15.1
15.3
4.2
42
42
41
4 4
41
4.2
4.3
4.1
4.0
4.1
4.0
4.3
4.0
4.0
4.1
58.7
59.6
67 8
76 6
75 1
78 2
80 2
82 5
84.2
86 0
50 8
55.0
54.4
55.8
56.9
57.9
SURVEY OF CUREENT BUSINESS
November 1967
1966
1965
1966
II
III
IV
I
II
1965
III *
1966
National income
683.9 743.3 736.7 748.8 762.1 766 3 775 1 791.2
Equals : Net national product
63.1
63.9
64.7
65.5
66.4
67.6
624.0 679.8 673.6 684.9 697.4 700.8 708 7 723.6
Less: Indirect business tax and nontax
liability
. 62.2 65.1 64.7 65.9 67.0 67.9 69.1 70.2
Business transfer payments
28
2.7
2.6
2.7
27
28
28
28
Statistical discrepancy _
-2.0 -2.6 -2.2 -3.2 -3.8 —4.0 —2 8 —1.3
Plus: Subsidies less current surplus of
government enterprises Equals: National income
1.2
2.2
2.0
2.7
2.6
2.3
20
16
562 4 616 7 610 4 622 1 634 1 636 4 641.6 653 6
Less: Corporate profits and inventory
valuation adjustment
Contributions for social insurance
Wage accruals less disbursements
-.
Plus: Government transfer payments
to persons
Interest paid by government
(net) and by consumers
Dividends
Business transfer payments
Equals: Personal income
74.9
82.2
81.3
81 9
84.6
78 1
78 3
79 3
29 7
38 2
37 4
38 9
39 g
42 2
42 5
43 3
.0
.0
.0
.0
.0
o
o
0
37.2
41.2
39.2
41.3
44.7
48 1
48 6
49 6
20.4
19 8
2.6
22.3
21 5
2.7
22.0
21 6
2.7
22.4
21 6
2.7
23 2
21 2
2.8
23 7
22 2
2.8
23 9
23 1
2.8
24 2
23 4
2.8
537 8 584 0 577 3 589 3 601 6 612 9 619 1 631 0
Compensation of employees
Wages and salaries
Private
_.
..
M ilitary
Government civilian
Other labor income
Employer contributions to private pension and welfare funds
Other
Proprietors' income
Table 5.—Gross Auto Product in Current and Constant Dollars
(1.15, 1.16)
29.1
24.9
4.4
.4
23.7 24.7
4.2
4.4
1.1 -1.3
Net exports
Exports
Imports
28.2
29.6
25.0
27.8
27.9
24.5 22.2 24.6 24.5
4.3 3.9
4.3
4.3
.6 -1.1 -1.2 -1.2
.3
1.0
.7
.0
1.3
1.2
-.1
1.0
1.1
.3
1.5
1.3
.0
1.5
1.5
29.0
1.2
27.6
1.8
27.0
1.6
26.1
1.9
27.4
2.1
-.3
1.3
1.6
-.1
1.6
,1.7
.1
1.9
1.7
Addenda:
New cars, domestic 2 _
New cars, foreign _
.
22.8
2.2
25.3
2.7
25.4
2.6
28.2
27.9
472.6
426.2
289.8 316.7 313.8 320.1 326.1 331.4 333.2
12.1 14.7 14.2 15.1 15.8 16.1 16.2
57.1 63.2 62.2 64.3 65.6 67.3 68.9
339.4
16.3
70.6
41.1
40.5
41.6
42.7
44.4
45.2
46.4
20.3
20.0
20.6
21.1
22.2
22.3
22.8
18.6
20.8
20.5
21.1
21.7
22.2
22.9
23.6
15 5
31
17 3
35
56.7
59.3
59.3
59.2
58.6
57.8
57.8
58.8
43.4
43.8
42.3
— 4
Farm
43.3
43.3
43.4
43.2
43.6
— 4
14.8
16.1
16.0
15.9
15.1
14.6
14.3
15.0
Rental income of persons
19 0
19 4
19.3
19.4
19.6
19.8
20.0
20.2
Corporate profits and inventory valuation adjustment
74 9
82 2
81.3
81.9
84.6
78.1
78.3
79.3
76 6
83 8
83.6
84.0
83.9
79.0
78.9
80.1
31 4
45.2
19.8
25.4
34 5
49.3
21.5
27.8
34 5
49.2
21.6
27.6
34.6
49.4
21.6
27.8
34.6
49.3
21.2
28.2
32.5
46.5
22.2
24.2
32.5
46.5
23.1
23.4
33.0
47.2
23.4
23.7
-1.7 -1.6 -2.3 -2.2
.7
-.8
-.7
-.8
21.1
21.6
22.1
22.7
17.9
20.2
19.8
20.4
Table 7.—National Income by Industry Division (1.11)
All industries, total
Billions of current dollars
393.9 435.7 430.7 441.2 450.2 459.1 463.4
43.2
Net interest.
29.8
III *
359.1 394.6 390.2 399.6 407.4 414.7 418.3
41.9
Inventory valuation adjustment
31.4
II
653.6
Business and professional _
Income of unincorporated enterprises
Inventory valuation adjustment
Profits tax liability
Profits after tax _
Dividends
Undistributed profits
Personal consumption expenditures. 25.4
Producers' durable equipment
4.5
Change in dealers' auto inventories.
1.0
I
562.4 616.7 610.4 622.1 634.1 636.4 641.6
Supplements to wages and salaries. _. 34.9
Employer contributions for social
insurance _ .
..
... - 16.2
Profits before tax
Gross auto product l .
IV
Table 6.—National Income by Type of Income (1.10)
Table 4.—Relation of Gross National Product, National Income,
and Personal Income (1.9)
63.5
III
Billions of dollars
Billions of dollars
Less: Capital consumption allowances . 59.9
II
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Gross national product
1967
1966
1967
Agriculture, forestry, and fisheries
Mining and construction. . .
Manufacturing .. .. _..
Nondurable goods
Durable goods _ _
.....
562.4 616.7 610.4 622.1 634.1 636.4 641.6
653.6
21.0 22.7 22.5 22.6 22.0 21.6 21.3
35.3 38.2 38.0 38.4 38.7 39.8 39.7
171.8 192.1 190.0 193.6 198.8 195.0 194.0
66.3 73.2 72.6 73.8 75.3 75.9 75.1
105.5 118.9 117.4 119.8 123.5 119.2 118.9
Transportation
C ommunication
Electric, gas, and sanitary services
Wholesale and retail trade
23.1
11.2
11.4
84.2
24.8
12.4
12.1
90.8
24.7
12.3
11.9
90.1
24.7
12.7
12.4
91.1
25.4
12.7
12.3
92.6
25.5
12.8
12.4
93.5
25.7
13.0
12.6
94.9
Finance, insurance, and real estate
Services
Government and government enterprises
_
.
Rest of the world
61.3
63.7
65.6
69.3
64.9
68.6
66.2
70.2
67.5
71.3
68.4
72.6
69.6
74.1
75.2
4.2
84.6
4.2
83.0
4.2
86.3
4.1
88.4
4.4
90.8
4.1
92.5
4.2
Billions of 1958 dollars
Gross auto product »
31.4
30.3
29.7
Personal consumption expenditures . 25.4
Producers' durable equipment
4.5
Change in dealers' auto inventories. - 1.0
Net exports
..
.3
Exports. _.
1.0
Imports
.7
Addenda:
25.4
4.4
.4
24.2 25.3
4.2
4.4
1.1 -1.4
.1
1.3
1.2
.0
1.1
1.1
.3
1.6
1.3
.1
1.5
1.5
-.2
1.3
1.6
.0
1.6
1.7
.2
1.9
1.7
New cars, domestic 2 _ .
New cars, foreign
28.2
1.8
27.6
1.6
26.6
1.8
27.8
2.1
23.3
2.2
25.8
2.7
25.6
2.6
29.2
1.2
28.8
29.9
25.3
24.7 22.6 25.0 24.6
4.3
3.9
4.3
4.3
.7 -1.1 -1.3 -1.3
All industries, total
Financial institutions
Mutual
Stock
Non financial corporations. _
eiod^hownincludes Government purchases, which amount to$0.2 billion
r iS088 aUt° PJoduc* to*al ^ the markup on both used cars and foreign cars.
*** C0mponents and totals> are Preliminary
Table 8.—Corporate Profits (Before Tax) and Inventory Valuation
Adjustment by Broad Industry Groups (6.12)
M anufacturing
Nondurable goods
Durable goods
... ... .
Transportation,
communication,
and public utilities .
All other industries
...
82.2
81.3
81.9
84.6
78.1
78.3
79.3
8.4
9.3
9.0
9.5
9.6
9.6
9.5
9.8
2.0
64
1.9
74
69.5
74.9
66.5
72.9
72.2
72.4
75.0
68.5
68.8
38.7
16.5
22.2
43.1
18.7
24.4
42.5
18.5
24.0
42.7
18.8
23.9
44.4
19.2
25.3
39.6
18.4
21.1
38.9
17.8
21.1
11.2
16.6
11.9
18.0
12.0
17.8
11.8
17.9
12.0
18.6
11.7
17.3
11.9
18.0
6
SUEVEY OF CUKRENT BUSINESS
1966
1965
1966
II
III
November 1967
1966
1967
IV
I
II
III*
1965
1966
II
Table 9.— Gross Corporate Product 1 (1.14)
Corporate profits and inventory
valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends .
Undistributed profits
Inventory valuation adjustment..
36.5
39.0
38.7
39.2
39.8
40.3
40.9
41.8
37.0
38.2
37.9
38.6
39.2
39.7
40.4
41.1
363.1 369.7
290.5 296.2
258.0 262.8
32.5 33.4
-2.5 -2.5
71.7 78.9 78.0 78.7
73.3 80.6 80.3 80.8
31.4 34.5 34.5 34.6
42.0 46.0 45.9 46.2
18.3 19.9 20.1 20.1
23.7 26.1 25.8 26.1
-1.7 -1.6 -2.3 -2.2
81.2
80.5
34.6
45.9
19.6
26.3
.7
74.9
75.7
32.5
43.2
20.7
22.5
-.8
75.1
75.8
32.5
43.3
21.6
21.7
-.7
76.0
76.8
33.0
43.8
21.9
21.9
78.4
60.1
85.0
65.1
84.6
64.5
85.4
65.3
85.6
66.1
83.5
62.8
84.2
62.6
Gross product originating in
financial institutions . 16.2
17.5
17.3
17.7
18.0
18.4
18.6
Cash flow, gross of dividends
Cash flow, net of dividends.
Net interest
.
Corporate profits and inventory
valuation adjustment
Profits before tax
Profits tax liability
Profits after tax.
Dividends
Undistributed profits
Inventory valuation adjustment. _.
Cash flow, gross of dividends
Cash flow, net of dividends
6.7
6.6
56 7
41 9
14 8
59 3
43 2
16 1
59 3
43 3
16 0
59 2
43 3
15 9
58 6
43 4
15 1
57 8
43 2
14 6
57.8
43 4
14 3
19 0
.- 19.8
38 4
19 4
21.5
42 4
19.3
21.6
41 9
19.4
21.6
42 8
19.6
21.2
44.3
19.8
22.2
45 2
20.0
23.1
46 0
20.2
23.4
46.9
39.7
Proprietors' income
Business and professional
Farm
Rental income of persons _
Dividends
- _ ._ _ _
Personal interest income
52.4
25 6
26.2
85.6
63.7
22
5.6
13.8
1 8 1.6
5.4
5.7
15.6 15.3
1.8
5.4
15.8
1.8
6. 3
16.2
2.1
6.5
17.6
2.1
6.5
17.0
2.2
6.6
17.4
19.3
Less: Personal contributions
social insurance
for
-
13.4
17.9
17.3
18.4
18.7
20.0
20.2
20.5
Less: Personal tax and nontax payments
-
65.6
75.2
74.1
76.9
79.6
80.2
79.1
82.8
65.6
66.3
28.2
38.1
20.0
18.1
-.7
66.2
67.0
28.5
38.5
20.3
18.2
-.8
79.3
61.1
77.2
57.9
77.9
57.9
79.1
58.8
Equals : Disposable personal income. _ . 172.2 508.8 503.3 512.4 522.0 532.7 540.0 548.2
Less- Personal outlays _
.. 145.0 479.0 474.6 483. 2 487.4 493.9 504.0 509.6
Personal consumption expenditures- 433. 1 465.9 461.6 470.1 473.8 480.2 489.7 495.3
11.3 12.4 12.3 12.5 12.9 13.1 13.3 13.5
Interest paid by consumers
Personal transfer payments to for.8
1.0
.7
.7
.6
.6
.7
.6
eigners
-Equals* Personal saving.
27.2
.099
.102
.103
.105
.095
.682
.018
.095
.679
.017
.096
.687
.018
.096
.693
.018
.098
.711
.018
.100
.713
.019
.101
.721
.019
Corporate profits and inventory valuation adjustment
.178
Profits tax liability
.078
Profits after tax plus inventory valuation adjustment. - .100
.182
.079
.181
.080
.180
.079
.184
.078
.170
.073
.170
.073
.171
.073
.103
.101
.101
.106
.097
.097
.097
Excludes gross product originating in the rest of the world.
2t h *fSt6dUal t0 the deflator for gross Product of nonfinancial corporations, with the decimal
"Third quarter 1967 corporate profits (and related components and totals) are preliminary
and subject to revision in next month's SURVEY.
28.7
29.2
34.6
38.8
36.0
38.5
434.4 456.3 J52.6 458.4 463.2 470.6 474.9 477.5
Per capita, current dollars
Per capita, 1958 dollars
2,427 2,584 2,560 2,598 2,639 2,686 2,716 2,749
2,232 2,317 2,302 2,324 2,341 2,373 2,388 2,394
Table 11.—Personal Consumption Expenditures by Major Type (2.3)
Personal consumption expendi433.1 465.9 461.6 470.1 473.8 480.2 489.7 495.3
tures
_ _
66 0
70 3
68.2
70.9
70.6
69.4
72.5
72.7
Automobile sand parts
._ - 29.9
Furniture and household equipment- 27.0
Other
9.1
29.8
29.9
10.6
28.5
29.1
10.6
29.8
30.6
10.5
29.6
30.6
10.4
27.3
31.4
10.7
29.7
31.9
10.9
29.9
32.1
10.8
191.2 207.5 207.1 209.5 210.3 214.2 217.2 218.5
Nondurable goods
Food and beverages
Clothing and shoes
Gasoline and oil
- Other
.057 1.076 1.072 1.080 1.091 1.100 1.105 1.116
29.8
Addenda:
Disposable personal income :
Total, billions of 1958 dollars
Durable goods
.099
.664
.016
23.6
58.8
43.8
15.0
51.4
Dollars
1
22.9
24.7
65.3
66.1
28.1
38.0
19.2
18.8
-.8
.099
22.2
50.8
71.5
70.8
30.2
40.6
18.2
22.5
.7
.099
21.7
47.5
63.3 69.7 69.0 69.2
64.9 71.3 71.3 71.3
27.6 30.3 30.3 30.3
37.3 41.0 41.0 41.0
16.9 18.5 18.6 18.6
20.4 22.5 22.3 22.4
-1.7 -1.6 -2.3 -2.2
.099
21.1
23.2
7.4
.100
20.5
44.0
Gross product originating in
nonfinancial corporations
356.1 383.0 380.9 384.6 389.0 384.7 385.3 388.1
Capital consumption allowances
Indirect business taxes plus transfer
payments less subsidies...
Compensation of employees
Net interest
20 8
21.0
Billions of 1958 dollars
Current dollar cost per unit of
1958 dollar gross product
originating 2
in nonfinancial
corporations .
18 6
19.6
7.3
79.1
60.5
_
41.9
7.1
78.6
60.0
Other labor income
426.2
167.4
134.6
101.7
70.2
86.9
43.9
7.0
78.9
60.4
Wage and salary disbursements
359.1 394.6 390.2 399.6 407.4 414.7 418.3
C ommodity-producing i n dustries - 144.5 159.3 158.0 161.0 164.1 165.7 164.8
Manufacturing
115.6 128.1 126.9 129.7 132.6 133.1 132.6
86 9 93 9 93.0 94 9 96.5 98.7 99.6
Distributive industries
Service industries
- 58.3 63.5 62.9 64.3 65.5 67.0 68.8
69.3 77.9 76.4 79.4 81.4 83.4 85.0
Government
..
20 8
6.8
72.8
55.9
537.8 584.0 577.3 589.3 601.6 612.9 619.1 631.0
Personal income
18.1
236.4 261.3 258.8 264.3 269.5 273.7 274.6 279.8
212.8 233.4 231.2 236.0 240.5 243.7 244.1 248.5
23.6 27.9 27.5 28.3 29.1 30.0 30.5 31.3
5.9
III
Transfer payments
Old-age, survivors, disability, and
health insurance benefits
State unemployment insurance
benefits
Veterans benefits
Other
--. -
o
Gross product originating in
nonfinancial corporations
376.3 412.1 408.2 415.3 424.2 423.1 425.9 433.3
Capital consumption allowances.. _
35.5 37.9 37.7 38.1 38.6 39.1 39.8 40.6
Indirect business taxes plus transfer
payments less subsidies
35.3 36.5 36.2 36.9 37.5 37.9 38.6 39.3
Income originating in nonfinancial
corporations
305.5 337.7 334.3 340.3 348.0 346.1 347.5 353.4
Compensation of employees.
Wages and salaries
Supplements
_ _
II
Table 10.—Personal Income and Its Disposition (2.1)
392.5 429.6 425.5 433.0 442.2 441.5 444.5 452.6
Income originating in corporate business __
319.1 352.4 348.8 355.2 363.2 361.5
Compensation of employees249.8 275.9 273.2 279.0 284.5 289.1
Wages and salaries
224.6 246.1 243.9 ,248. 8 253.5 257.1
Supplements
__
25.2 29.8 29.3 30.2 30.9 32.0
Net interest
-2.4 -2.4 -2.4 -2.4 -2.4 -2.5
I
Billions of dollars
Billions of dollars
Gross corporate product
IV
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Capital consumption allowances
Indirect business taxes plus transfer
payments less subsidies
III
1967
99.0 106.7 107.0 107.3 107.2 109.3 110.1 110.9
36.1 40.3 39.8 41.0 40.8 41.5 43.2 43.7
_ __ 15.1 16.2 16.2 16.3 16.6 17.1 17.5 17.5
41.1 44.3 44.1 44.8 45.7 46.3 46.4 46.4
175.9 188.1 186.3 189.8 192.9 196.6 200.0 204.1
_
Services
Housing
Household operation
Transportation
Other
-
-
63.6
25.7
12.6
74.0
67.1
27.0
13.6
80.4
66.5
26.9
13.5
79.4
67.4
27.4
13.7
81.3
68.5
27.7
14.0
82.7
69.6
27.8
14.4
84.8
70.6
28.1
14.6
86.6
71.9
28.1
14.8
89.2
Table 12.—Foreign Transactions in the National Income and
Product Accounts (4.1)
Receipts from foreigners
Exports of goods and services
Payments to foreigners
Imports of goods and services
39.1
_. 39.1
39.1
32.2
43.0
43.0
43.0
37.9
42.5
42.5
42.5
37.1
43.7
44.0
45.3
45.1
45.6
43.7
44.0
45.3
45.1
45.6
44.0
45.3
45.1
45.6
39.7
39.9
39.8
40.2
3.1
.8
2.3
2.3
43.7
39.0
Transfers to foreigners
Personal
Government
2.8
.7
2.2
2.9
.6
2.3
2.9
.7
2.3
2.8
.6
2.2
2.5
.6
1.9
2.9
.7
2.2
3.1
1.0
2.0
Net foreign investment
4.1
2.2
2.5
1.8
1.8
2.5
2.3
SURVEY OF CURRENT BUSINESS
November 1967
1966
1965
1966
II
III
1966
1967
I
IV
II
1965
III *
1966
II
Table 13.—Federal Government Receipts and Expenditures (3.1, 3.2)
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax
accruals.
Contributions for social insurance. ._
Federal Government expenditures
149.1 148.1
152 8
53.8
29.3
61.7
32.3
60.9
32.2
63.1
32.4
65.2
32.3
65.5
30.3
64.0
30.3
57 5
30 7
16.5
25.2
15.9
33.3
15.9
32.5
16.2
34.0
16.3
34.7
16.2
37.0
16.5
37.2
IQ 7
38 o
160.9 162.8
165 9
123.4 142.9 138.4 146.3 151.9
66.8
50.1
16.7
77.0
60.5
16.5
74.9
58.4
16.6
79.5
63.0
16.6
81.5
65.6
15.9
87.1
70.2
16.8
89.5
72.5
17.0
9Q 9
32.4
30.3
2.2
36.0
33.7
2.3
34.1
31.9
2.3
35.9
33.7
2.2
38.8
36.9
1.9
42.2
40.0
2.2
42.4
40.3
2.0
43 5
41' 2
2 3
14.8
14.6
15.3
15.6
15.6
15.3
16 0
8.7
To persons
.. .
To foreigners (net)
9.5
9.4
9.6
10.0
10.4
10.4
m *
Grants-iii-aid to State and local gov-
4.3
5.4
5.3
Surplus or deficit ( — ), national income and product accounts .
1.4
.3
3.2
State and local government receipts
110.9 113.9
Personal consumption expenditures
113.5
108.7 111.5
Gross national product
111.2
114.4 115.3
111.8
116.0 116.6
112.7 113.2
117.7
113.7 114.8
99.5 98.6 98.4 98.7 99.4 99.5 99.5 100. i
106.9 110.6 110.3 111.0 111.6 111.7 112.2 113.3
114.8 118/3 117.8 118.7 119.9 120.9 121.9 123. 0
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment .
110.0 112.5 112.2 112.8 113.7 114.4 115.0 116.8
. . __
70 o
17' g
107.7 110.2 109.7 110.4 111.6 112.2 112.2 113. 2
Nonresidential
114.6 118.4 117.7 118.9 120.1 121.0 121.5 123.8
Structures
Producers' durable equipment. . 104.2 106.2 105.8 106.3 107.7 108.2 108.3 108.8
116.4 120.9 120.4 122.0 123.2 123.8 126.2 129.9
116.5 121.1 120.5 122.2 123.4 124.0 126.4 130.1
110.2 114.1 114.1 114.6 115.9 117.3 118.8 122.4
Residential structures
Nonfarm
Farm
Change in business inventories
6.0
5.9
5.6
-.7 -3.3 -11.9
5.3
-14.7
^' ^
Exports
Imports.
-
-
104.5 105.4 105.0 105.4 106.7 106.7 106.7 106.7
102.4 104.1 104.0 104.8 104.3 104.3 104.3 104.3
-
10 1
Government purchases of goods and
Federal
State and local..
'if-nf-^ Ti-irl T «*ril (
III
Net exports of goods and services
Subsidies less current surplus of government enterprises
TiV»lr» 14,
II
Table 16.—Implicit Price Deflators for Gross National Product (8.1)
11.2
Purchases of goods and services
National defense
Other
I
Index numbers, 1958=100
Billions of dollars
124.8 143.2 141.6 145.6 148.6
IV
Seasonally adjusted
Seasonally adjusted at annual rates
Federal Government receipts
III
1967
„ ..
119.4 123.9 123.1 124.6 125.2 125.8 126.1 127.4
115.5 119.1 118.3 119.7 120.2 120.5 120.3 121.0
.. ... 123.4 129.0 128.3 129.9 130.8 131.9 132.9 134.7
government Receipts and Expendil
(3.3, 3.4)
75.1
84.7
83.6
86.0
87.9
89.3
90.4
92.6
Personal tax and nontax receipts
11.8
Corporate profits tax accruals
2.1
Indirect business tax and nontax
accruals
... . _ . 45.7
Contributions for social insurance... 4.5
11.2
13.5
2.3
13.1
2.3
13.7
2.3
14.3
2.3
14.7
2.1
15.1
2.1
15.4
2.3
49.2
4.9
14.8
48.7
4.8
14.6
49.8
4.9
15.3
50.6
5.0
15.6
51.7
5.2
15.6
52.6
5.3
15.3
5
73.9
81.8
80.6
82.7
84.9
88.3
90.6
69.6
6.9
.5
77.2
7.5
.3
76.2
7.3
.3
78.1
7.6
.3
80.2
7.8
.3
83.3
8.1
.2
85.4
8.3
.2
8 \
o
3.1
3.3
3.3
3.3
3.4
3.4
3.3
o A
State and local government expenditures.- _
Purchases of goods and services
Net interest paid
Less: Current surplus of government
Surplus or deficit ( — ), national
income and product accounts
j? I
Table 17. — Implicit Price Deflators for Gross National Product by
Major Type of Product (8.2)
110.9 113.9 113.5 114.4 115.3 116.0 116.6
Gross national product
*
7
Goods output
117.7
105.0 107.3 107.0 107.6 108.5 108.8 109.0 109.9
-
102.4 103.1 102.8 103.2 104.5 104.9 104.8 105.5
106.9 110.4 110.1 110.9 111.5 111.5 112.0 113.1
Durable goods
Nondurable goods
1.2
2.9
2.9
3.3
3.0
1.0
-.2
~~
Services.
118.3 122.1 121.4 122.6 123.8 124.9 125.9 127.0
Structures
115.5
120.1 119.6 121.2 122.0 122.6 123.8 126.9
Addendum:
Gross auto product..
.-
_.
..
99.9
98.2
98.1
98.0
99.0
98.8
98.8
99.8
Table 15.— Sources and Uses of Gross Saving (5.1)
Gross private saving. .
110.8 119.5 117.0 118.7 128.2
Personal saving
27.2 29.8 28.7 29.2
Undistributed corporate profits
25.4 27.8 27.6 27.8
Corporate inventory valuation adjustment
_
-1.7 -1.6 -2.3 -2.2
Corporate capital
consumption
allowances
36.5 39.0 38.7 39.2
Noncorporate capital consumption
allowances
23.4 24.5 24.4 24.7
Wage accruals less disbursements
.0
.0
.0
.0
127.7 125.1
38.8
24.2
36.0
23.4
38.5
23.7
.7
-.8
-.7
8
— .o
39.8
40.3
40.9
8
24.9
.0
25.2
.0
25.5
.0
25-8
Government surplus or deficit ( — ),
national income and product
2.7
Federal
State and local _ _
Gross investment
1.4
1.2
111.5
3.2
6.1
2.6
-.3 -10.8
-2.0
-15.0
19 o
— 13.2
1Q t
-.7 -3.3 -11.9 -14.7 — 13. 1
2
3.3
3.0
1.0
~~ •
120.2 121.0 118.1 124.0 112.9 107.3 \\\ 5
.3
2.9
3.2
2.9
Gross private domestic in vestment. . 107.4 118.0 118.5 116.4 122.2
Net foreign investment
4.1
2.2
2.5
1.8
1.8
Statistical discrepancy.
129.1
34.6
28.2
-2.6 -2.2 -3.2 -3.8
110.4 105.1
2.5
2.3
-4.0
-2.8
n
Li
%- %
Z. O
-1.3
Table 18. — Implicit Price Deflators for Gross National Product by
Sector (8.4)
Gross national product
Private
Business.. .
Nonfarm
Farm
Households and institutions
General government
... 110.9 113.9 113.5 114.4 115.3 116.0 116.6 117.7
108.9 111.6 111.2
112.0 112.9 113.5 114.0 115.1
108.3 111.0 110.6 111.4 112.3 112.9 113.4 114. G
108.7 111.0 110.5 111.4 112.5 113.4 114.0 115.1
... 100.0 110.7 112.9 110.8 106.7 99.3 98.8 100.6
132.3 137.0
133.5 139.2 138.1
140.0 141.0 142.3 143.4 144.5
*Third quarter 1967 corporate profits (and related components and totals) are preliminary
and subject to revision in next month's SURVEY.
Corporate Output, Prices, Costs, and Profits
VjrROSS product originating in nonfinancial corporations rose $7^ billion
in the third quarter to reach a total of
$433 billion. Of the 1% percent increase,
about 1 percent represented higher
prices and the rest a rise in real product.
It was the first significant gain this
year in real corporate output, which fell
1 percent in the first quarter and
changed little in the second.1
The price rise from the spring to the
summer quarter was principally a reflection of higher costs in a setting of
relatively high resource utilization. Labor costs per unit of real corporate
output rose approximately 1 percent
and unit nonlabor costs somewhat
more. Profits per unit, which fell
sharply in the first quarter and stabilized in the second, showed a very
slight pickup in the third.
With an increase in real volume and a
slight gain in profits per unit, dollar
profits of nonfinancial corporations registered a modest pickup this summer.
However, the level was still well below
the peak rate reached in last year's
final quarter. In current dollars, profits
as a percent of nonfinancial corporate
output was below the recent highs
reached in 1966 (chart 4).
Prices, Costs, and Profits Per Unit of
Real Corporate Product
Price per unit of real product continued up
in the third quarter
Dollars
1.15
TOTAL PRICE PER UNIT
1.10
1.05
1.00 I i i i 1 i i i 1 i i i I i i i I i i i i i i i i i i I I
Unit labor costs advanced . . .
.75
COMPENSATION OF EMPLOYEES PER UNIT
.70
.60 I i i I I i i I I i i I I i . i I . i i i i . i I i i i I i
as did nonlabor costs. . .
NONLABOR COSTS PER UNIT
.25
.20
i ii
.15
and unit profits were unchanged
PROFITS (BEFORE TAX) AND IVA PER UNIT
.20
.15
I
.10
1960
61
62
i ! I I i
63
64
65
Quarterly, Seasonally Adjusted
Note.—Nonfinancial corporations only.
U.S. Department of Commerce, Office of Business Economics
67
ufacturing production—and because
manufacturing accounts for more than
half of total gross corporate product.
Consequently, corporate product has
been much weaker than GNP this
year. Measured in constant (1958)
dollars, it fell $4% billion in the first
quarter, when total GNP similarly
measured declined by $% billion, and
was virtually unchanged in the second
quarter, when real GNP rose $4 billion.
Past experience has shown that
corporate output is more variable
than total output. During the boom
year of 1966, nonfinancial corporations
accounted for three-fourths of the
rise in real GNP; during the earlier
years of the expansion, from 1961 to
1965, such firms accounted for more
than seven-tenths of the expansion
in real GNP. In the second half of
1960, corporate output fell $9 billion,
while total output declined only $6
billion.
Price rise continues
The 1 percent price rise for corporate
product registered in the third quarter
continued the rapid upward movement
that began in the early part of 1966.
Over the past seven quarters, corporate
Production moves up
output prices have risen at an average
The steep reduction in the rate of annual rate of 3.1 percent; in contrast,
inventory accumulation in the first from the beginning of 1961 through
the opening quarter of 1966, corporate
half of 1967 had a pronounced impact
on corporate output. This is because output prices rose at an average annual
the inventory correction required a rate of about 1 percent. Since 1948,
reduced flow of goods to business sustained increases averaging 4 percent
firms and thus a cutback in man- or more (annual basis) occurred only
twice: in late 1950-mid 1952 and from
the middle of 1955 through the end
of 1956.
1. The statistics for 1967 on which this report is based may
be found in table 9 on page 6 of this SURVEY. Figures for
The principal similarity between the
1963-66 are in table 1.14 of the July 1967 SURVEY. Statistics
past seven quarters and the other two
for 1948-62 are on pages 14 and 15 of the May 1967 SURVEY.
November 1967
periods of rapid rise in the price of
corporate product is that all of these
were periods of intensive utilization of
the labor force, as evidenced by relatively low unemployment rates. Prices
rise more rapidly when unemployment
rates are low mainly for two reasons:
First, unit labor costs tend to accelerate
when labor markets are tight partly
because increases in wage rates accelerate and partly because productivity
gains taper. Second, the conditions of
high aggregate demand associated with
low unemployment rates make it easier
for corporations to recoup their increased costs by raising prices.
When demand is very intense, as it
was in late 1965-early 1966, businessmen are able not only to recoup cost
increases through higher prices but also
to increase their profit margins. This
year, businessmen have found it possible to pass on cost increases in the
form of higher prices but only at some
sacrifice of their margins.
Rise in labor costs
The third quarter rise in unit labor
costs of nonfinancial corporations continued the accelerated advance in these
costs that began in 1966. The speedup
in 1966-67 came after a long period of
stability in unit labor costs: At the
end of 1965, unit labor costs were little
different from their level at the beginning of 1960.
A rise in unit labor costs is a reflection
of a more rapid advance in hourly rates
of compensation than in output per
man-hour, i.e., productivity. Stable unit
labor costs mean that rates of pay and
productivity are increasing at the same
pace. During the long period of stable
unit labor costs earlier in the current
expansion, the pressure of output on
capacity moved up only slowly, the
unemployment rate declined at a very
slow pace, and productivity gains were
generally large. At the same time,
gains in employee compensation per
man-hour tended to be low as the
general slack in the labor market
worked to slow down wage increases.
This situation changed in 1966 as
labor markets became increasingly tight,
gains in hourly compensation accelerated, and productivity growth slowed.
279-483 O - 67 - 2
SURVEY OF CUKKENT BUSINESS
Last year, the combined effect of the
faster growth in hourly wage rates than
in labor productivity was a 2% percent
spurt in unit labor costs over 1965.
This year, both the establishment and
labor force series on output per manhour for nonfarm business as a whole
indicate that the rate of gain in labor
productivity has slowed even more than
last year, while the percentage increase
in compensation per man-hour has
apparently been greater this year than
last. Thus, unit labor costs of nonfinancial
corporations rose more from the end of
1966 through the third quarter of 1967—
5.4 percent at an annual rate—than
from 1965 to 1966.
The drop in corporate output in the
first quarter of 1967 and its leveling
off in the second had the effect of
9
increasing unit labor costs substantially.
Declines in output are typically associated with sharp advances in labor costs,
and the recent experience was no exception. However, an acceleration in
output is ordinarily associated with a
slower rate of increase in unit labor
costs. It is noteworthy that unit labor
costs continued to show a large increase
in the third quarter of 1967 even though
there was a resumption of the growth in
corporate output.
Nonlabor costs move up
Nonlabor costs per unit of nonfinancial corporation output rose \y±
percent in the third quarter. In the
context of the national accounts, nonlabor costs consist of capital consump-
Corporate Profits Before Tax Related to
Gross Corporate Product— Nonfinancial Corporations
80
70
60
12%
50
5
40
30
NOTE.—Percentages represent the ratio of corporate profits
before tax and including IVA to gross corporate product.
20
10
100
150
200
250
300
Gross Corporate Product
(Billion $)
NOTE.—Data are seasonally adjusted at annual rates and exclude profits originating in the rest of the world.
U.S. Department of Commerce, Office of Business Economics
350
400
450
500
10
SURVEY OF CURRENT BUSINESS
tion allowances, indirect business taxes,
With a steady long-term rise in the
and net interest. The third quarter prices of capital goods, there is a tenrise in nonlabor costs extended the dency for aggregate depreciation
pattern of increase evident last year charges to increase, as capital goods
and ended a period of stability that purchased at relatively low prices are
lasted from the beginning of 1962 removed from the stock of capital and
through the opening quarter of 1966. are replaced by higher priced goods.
Higher indirect business taxes per Apparently the rapid rise in output
unit contributed importantly to the earlier in the expansion offset the effect
rise in nonlabor costs both in the third of higher capital goods prices and unit
quarter and over the past six quarters. capital consumption costs were stable.
The third quarter gain in indirect This year, the growth in output has
taxes reflected principally increases in not been strong enough to offset this
sales tax rates introduced by State and effect fully.
local governments. Over the past year
Unit interest costs showed little
and a half, the rise in indirect taxes also change in the third quarter of 1967 but
reflected the restoration of certain have moved up faster than other nonFederal excise taxes in the second labor costs over the past six quarters.
quarter of 1966.
This figure is the net difference between
Indirect business taxes grew from 10 interest paid and received. The recent
cents per unit of real corporate output growth in net interest costs per unit
in early 1962 to 10% cents in early 1963. has reflected increases in interest rates
After peaking in early 1963, these paid on corporate debt and a faster rise
taxes moved in line with the rise in in interest-bearing debt and slower rise
output until Federal excise taxes were in interest-earning assets than in the
reduced in mid-1965 and early 1966. output of nonfinancial corporations.
These reductions caused indirect taxes
per unit to decline to 9% cents in the Unit profits unchanged
first quarter of 1966.
Profits (before tax and including
Capital consumption allowances per
unit rose 2 percent in the third quarter inventory valuation adjustment) per
of 1967, continuing a rise that has been unit of nonfinancial corporate output
evident since the beginning of this year. have shown relatively little change this
After the increase associated with the year after a sharp drop of 7K percent
introduction of the depreciation guide- from the fourth quarter of 1966.
From early 1961 to early 1966, profits
lines in 1962, these costs remained quite
rose faster than the real volume of outstable through 1966.
November 1967
put and profits per unit showed a
steady increase. Indeed, with the comparative stability in labor and nonlabor
costs discussed earlier, the rise in profit
margins accounted for the moderate
price rise that did occur. As pressures
on costs intensified during 1966 and as
demand grew more slowly after the
first part of the year, corporations found
it difficult to increase their unit profit
margins; margins were essentially no
higher in the fourth quarter of 1966
than they were in the first quarter of
that year. This year, with demand
increasing much more slowly than in
1966, corporations have been forced to
absorb part of their sizable cost increases, and profit margins have shrunk
as compared with the relatively high
margins enjoyed in 1966 as a whole.
(Continued from page 3)
but declined in the second and rose
slightly in the third. The stock-sales
ratio for all wholesalers has fallen a
bit since late last winter, but it is still
above the average ratio of recent years;
this applies to both the durable and the
nondurable group.
In summary, it would appear that,
gaged by the experience of recent
years, stocks are still high in relation
to sales in the case of wholesalers and
durable goods manufacturers but appear
to be somewhat low for retailers.
By DONALD A. KING
Financial Developments in 1967
i
N early 1967, stimulative monetary
policy and a slowing in the pace of economic activity combined to improve
flows of funds to credit markets. However, the thawing in credit markets
Interest Rates and Bond Yields
Money market rates remain below last year's
highs but most long-term yields are above
Percent
INTEREST RATES
Prime Commercial Paper
(4-6 Months)
• 3-Month Treasury Bills
(New Issue)
i
i..
BOND YIELDS
New Home FHA Mortgages
State and Local
(Moody's Aaa)
1965
Latest data:
1966
October.
1967
Data:
U.S. Department of Commerce, Office of Business Economics
FRB, FHA, Moody's & Treas.
67-11-5
was short lived, and by early spring,
strains were once again clearly evident
in long-term capital markets. After
their brief and modest decline from the
fourth quarter of 1966, long-term rates
began rising in late February and have
since pushed past their 1966 highs. The
pattern in money markets has been
different. Short-term rates declined
sharply until June, but recovered thereafter. However, the levels reached this
fall are considerably below the peaks of
last year.
ments moved quickly to take advantage
of lower long-term rates and to make
up for the reduced availability of funds
resulting from last year's credit scarcity.
In addition, the demand for long-term
funds has been heightened this year
by growing expectations of an acceleration in business activity, of a further
expansion in the Federal deficit, and
a return to credit shortages.
Money market rates
A number of developments contributed to the decline in short-term interest
rates in the first half of 1967. Demands
Early rise in long-term rates
for short-term assets were particularly
The early firming of long-term .rates strong at this time, partly as a result
and their subsequent sharp advances of the increased availability of funds
relate largely to pressures exerted in produced by the shift in monetary
capital markets by a record volume of policy. Financial institutions and others
new corporate and State and local aggressively sought these assets, either
security offerings. In each quarter of to put themselves in a position to
this year, corporate security offerings benefit from expected higher yields
have set new records. Over this period, later this year or to restore impaired
corporations have offered an estimated liquidity positions. Furthermore, some
$18.8 billion in new securities, $4.4 of the first-half borrowing in capital
billion more than was offered in the markets was apparently reinvested—
comparable period of 1966—also a peak at least temporarily—in short-term
year—and $6.8 billion more than during securities.
the first 9 months of 1965. States and
At the same time that demands for
localities have also raised a recoid short-term assets were rising, pressures
volume of new capital in 1967. Through on the supply side emerged which also
September, these governments offered served to raise prices and lower yields
nearly $11 billion in long-term securities on these assets. Largely because of
as compared with issues of $8% billion maturing bills, the volume of short-term
and $8 billion in the corresponding Treasury debt declined some $8 billion
periods of 1966 and 1965.
in the second quarter. Moreover, the
The heavy volume of new security supplies of Treasury bills to private
offerings by these sectors were to a investors were reduced even further
large extent an outgrowth of the tight because large quantities of these securicredit markets of 1966. In 1967, cor- ties were absorbed by Federal Reserve
porations and State and local govern- open market operations and because
11
12
Changes in Selected Bond Yields and ShortTerm Interest Rates
SUEVEY OF CUERENT BUSINESS
ment securities. During the first 9
months of this year, the System ac[Percent]
quired $2.5 billion of bill and coupon
issues, nearly $1 billion more than the
August 1966 February 1967
to
to
acquisitions for the corresponding period
February 1967 October 1967
last year when the authorities were
Long-term yields:
pursuing a policy of credit restraint.
U.S. Governments _ . _ _
-0.33
0.71
Moreover, with declines in the gold
Corporate Aaa
-.28
.79
State and local Aaa
-.53
.50
stock and increases in currency in
September
June 1967
circulation less this year than last, the
1966 to
to
October 1967
June 1967
funds supplied by open market operaShort-term interest rates:
tions were not absorbed by these
-1.42
Federal funds
_
-.11
offsetting factors and, for the most
3-month Treasury bills
(new issues)
-1.88
1.11
part, served to expand member bank
Prime commercial paper
— 1.24
.42
(4-6 months)
reserves.
In March, the Board of Governors
authorized a reduction—from 4 to 3
Federal Home Loan Banks made heavy percent—in reserve requirements on
purchases of these assets subsequent to passbook savings deposits and on the
loan repayments by member savings first $5 million of time deposits at memand loan associations. Aside from the ber banks. This increased member bank
attrition in Treasury bills, Federal reserves by an estimated $850 million.
Agency issues declined by slightly more In April, the authorities took another
than $1 billion over the first half of this step in the direction of easier credit
year, largely because maturing short- conditions by lowering the Reserve
term debt of the Federal Home Loan bank discount rate from 4% percent
Banks was retired.
to 4 percent. This action brought the
By midyear, the decline in money discount rate into better alinement
market rates came to an abrupt halt and with other market interest rates and
rates turned sharply higher. This oc- offered a positive signal regarding the
curred partly because corporations sold System's policy intentions.
off liquid assets in order to meet
Mainly through these actions, the
dividend payments and unusually large total reserves of member banks inJune income tax payments and partly creased sharply, by $1 billion in the first
because new Treasury bill offerings quarter, $200 million in the second, and
substantially increased the supply of $690 million in the third. With reserves
liquid assets.
plentiful and with some moderation in
demands for bank credit, commercial
Monetary Policy and Commer- banks slashed their indebtedness to the
Federal Reserve banks. Member bank
cial Banks
indebtedness has posted successive
In late 1966, the Federal Reserve quarterly declines this year, averaging
System began to shift open market only $89 million over the July-tooperations in older to increase supplies September period. This was substanof reserves to the banking system. tially below the $753 million for the
After the tuin of the year, policy action third quarter of last year and was the
became more aggressive, and a step-up smallest quarterly average for these
in open market purchases of U.S. borrowings since the spring of 1962.
Government securities was accomReflecting increases in bank reserves
panied by a lowering of reserve re- and reductions in member bank borquirements on certain classes of time rowings, "free reserves/7 the difference
deposits and a reduction in the Re- between excess reserves and borrowings,
serve bank discount rate.
have recorded a steady quarterly imIn moving to a stimulative stance in provement since monetary restraint
its open market operations, the Federal reached its peak of last year. This
Reserve System made substantial ad- widely watched indicator of monetary
ditions to its holdings of U.S. Govern- policy averaged a negative $373 million
November 1967
in the third quarter of 1966, but turned
positive by end of the first quarter of
this year and averaged a very high
$280 million for the recent June-toSeptember period.
Rapid growth in bank deposits
This year's expansionary credit policy
has produced a rapid expansion in
money supply (currency and demand
deposits) and time deposits. After
declining from June to November last
year, the money supply resumed its
growth this February. Since then,
growth has been pronounced; through
the third quarter, seasonally adjusted
money stock has risen at a 7 percent
annual rate, considerably above the
3.5 percent trend rate from 1961
through 1965.
Since the beginning of this year, time
deposits at commercial banks (seasonally adjusted) have been posting unusually large monthly advances. The
growth in time deposits has been at an
annual rate of 17 percent from January
through September—very close to the
postwar record in 1962. Along with the
general improvement in money flows
produced by easy monetary policy,
the surge in time deposit growth has
been spurred by an especially high rate
of personal saving and by a marked
shift in individuals' investment portfolios from market securities to savingstype deposits.
Large negotiable certificates of deposit (in denominations of $100,000 or
more and typically held by corporations) made significant contributions to
time deposit growth mainly during the
first and third quarters of this year.
From April to June, banks were less
aggressive in seeking CD funds because
of some slackness in loan demand and
because of substantial inflows of other
types of time and demand deposit
liabilities.
Commercial bank credit
The rapid growth in- money supply
and time deposits this year has been
accompanied by a large expansion in
loans and investments at commercial
banks. From January through September, bank credit rose $29 billion, almost
November 1967
twice the increase in the comparable
period last year. During the year,
however, growth in bank credit has
been uneven. After a very sharp recovery from the fourth quarter of last
year, the expansion slackened in the
second quarter, but came back exceptionally strong in the third. The
increase from July through September
was about as large as in the first 6
months of this year.
So far during 1967, commercial banks
have added $17 billion to their holdings
of U.S. Government and "other" securities; growth in these assets has
accounted for 60 percent of the increase
in total bank credit. This emphasis on
securities stands in sharp contrast to
the experience since 1961 and particularly to that of last year, when banks
liquidated security holdings to meet
loan demands. It is a pattern of bank
credit expansion found in periods
marked by pronounced shifts from general credit restraint to credit ease.
A large part of this year's growth in
investments at commercial banks has
centered in the acquisition of State and
local securities. Throughout the 1960's,
the high yields on tax-exempt securities
have made these assets attractive to
banks. After making virtually no addition to their holdings of these securities
in the second half of last year, when
bank credit grew relatively little, banks
made record acquisitions during the
first half of 1967. Through June, bank
holdings of municipal bonds increased
$7 billion and accounted for more than
75 percent of the rise in commercial
bank investments.
During the third quarter, acquisitions
of municipals eased somewhat as commercial banks began absorbing some of
the increased flow of U.S. Government
securities. During the 3 months ending
in September, banks added $5.8 billion
to their holdings of U.S. Government
securities, the largest quarterly increase
since the spring of 1958.
The loan component of bank credit
increased $5J^ billion during the first
6 months of this year. The growth in
loans during the first half of 1967 was
at a slightly faster pace than in the
second half of 1966, but was considerably below the advances of other recent
years. Through midyear, the modera
SUEVEY OF CUEEENT BUSINESS
tion in loan expansion extended to all
major categories of loans. Although the
advance in business loans was strong
relative to other loans, it was only
about half the rate for the comparable
periods in 1965 and 1966, and much of
the expansion that did occur was associated with corporate needs for funds to
meet accelerated income tax payments.
The expansion in loans accelerated
in the third quarter, increasing more
than during the entire first half. There
were two noteworthy developments
associated with the expansion in loans
in the summer quarter: First, with the
end of tax acceleration, growth in
business loans slackened appreciably;
second, while consumer and real estate
loans picked up somewhat, most of the
total increase was concentrated in
security loans.
The modest rise in business loans
this year as compared with other recent
years is related to several factors: to
the fact that demands for funds to
finance investment (notably inventory
investment) have slackened in 1967; to
efforts by business to improve liquidity
by reducing short-term indebtedness
relative to long-term; and to a steppedup use of alternative sources of shortterm credit, particularly in the commercial paper market.
13
Changes in Commercial Bank Credit
Billion $
LOANS, TOTAL
n
r—|
.
nn.
r—i
n,n
BUSINESS
10
OTHER LOANS
—
nn.nn.rim.r-,
10
INVESTMENTS, TOTAL
5
Other Financial Institutions
The forces that have generated unusually large time deposit growth at
commercial banks this year have also
produced record flows of funds to thrift
institutions. Over the 9 months ending
in September, savings accounts at mutual savings banks increased $3.7 billion.
This exceeds the earlier record growth
of $3.4 billion for the comparable period
in 1964 and represents a substantial
improvement over the unusually low
$1.6 billion addition to deposits during
the first 9 months of last year. So far
during 1967, shares at savings and loan
associations have increased $9.1 billion,
which is slightly higher than the record
gain of $8.5 billion posted in the first
three quarters of 1963 and much above
the depressed $2.5 billion increase re-
n
,11
i 1 1 , i— i , i— i
Q
-5
.10
U.S. GOVERNMENT SECURITIES
5
0
i
1i i
i
r
i
i i —» I j
'
| i—i 1 •
-5
OTHER SECURITIES
mm ,nri,n
1st
2d
Half
1964
1st
2d
1st
2d
Half
Half
1965
.fin
1966
Seasonally Adjusted Quarterly Averages
U.S. Department of Commerce, Office of Business Economics
1st
3d
Half Qtr.
1967
Data: FRB
67-11-6
14
SURVEY OF CURRENT BUSINESS
corded from January to September of gage funds was still sluggish, and partly
because these institutions adopted a
1966.
Although the improvement in saving cautious attitude toward lending and
flows has been pronounced from the utilized higher deposit and share growth
beginning of this year, it did not stim- to restore liquidity positions. As the
ulate an immediate pickup in mortgage year progressed, the demand for mortlending activity by thrift institutions. gages rose, and with their liquidity posiThis was partly because thrift institu- tions somewhat improved, institutions
tions started the year with low levels became less cautious about their lending
of outstanding mortgage commitments, policies. Mortgage lending by thrift inpartly because demand for new mort- stitutions rose to a $10 billion seasonally
adjusted annual rate in the second quarter and $11.8 billion in the third, after
a rise of only $6.8 billion in the first
quarter. This increase in lending no
doubt contributed importantly to the
Major Sources and Uses of Funds
recovery in homebuilding this spring
Nonfinancial Corporate Business
and summer.
As indicated above, a major part of
SOURCES
Billion $
this year's improvement in the flows of
net saving to thrift institutions has
been used to restore liquidity. This has
been particularly true of the savings
and loan associations, which have
sharply reduced their indebtedness to
the Federal Home Loan Bank System.
As a result of consecutive monthly net
repayments, the volume of loan ad20 vances outstanding declined $2.8 billion
this year to reach $4.1 billion—the
lowest level since September 1963. In
addition, by the end of the third
SELECTED EXTERNAL FUNDS
quarter, savings and loan associations
40 Fr
had reduced other loans outstanding in
Stocks, Bonds, & Mortgages \
half—most of it borrowing from com?>- r
20 mercial banks.
|3
The step-up in repayments of loan
\„
1 11
advances by savings and loan associations has been important to the Federal
USES
Home Loan Bank System insofar as
80
FIXED INVESTMENT
this has enabled the System not only to
reduce its indebtedness but also to
60
make additions to its holdings of shortterm assets and thereby improve its
40
liquidity position. In retiring its debt,
the Federal Home Loan Bank Board
was reducing the supply of short-term
20
assets while adding to demands for
other types of short-term assets. These
transactions contributed importantly to
reducing money market rates during the
first half of this year.
CHANGE IN BUSINESS INVENTORIES
20
An important concern facing the
thrift institutions and one that has
^ n nnn.r l.On become increasingly serious in recent
1961 62 63 64 65
1966
1967*
months is the fear of a return of disQuarterly, Seasonally
Adjusted at Annual Rates
intermediation—the outflow of savings
*3d qtr. estimate by QBE.
Data: FRB
from thrift institutions to market
U.S. Department of Commerce, Office of Business Economics
67-11-7
November 1967
securities. To date, this development
has not been apparent, despite the
record highs for long-term rates and the
midyear turnabout in short-term rates.
Short-term interest rates, although
higher than during the first half of the
year, are considerably below their levels
of last year. Thus, the spread between
rates payable by thrift institutions and
those that can be earned on alternative
investments is considerably smaller
this September than last. If the limit
payable on regular share accounts is
compared with the yield on 1-year
Treasury bills—assuming this to be a
proxy for the alternative employment
of the funds invested in savings and
loan shares—it appears that the spread
narrowed between September 1966 and
September 1967.
Although the possibility of a recurrence of disintermediation is a real one,
there have been developments in 1967
that would serve to cushion its impact
on thrift institutions. First, legislation
has been enacted regulating maximum
interest rates payable by commercial
banks, savings and loan associations,
and mutual savings banks on time and
savings-type deposits. This legislation,
passed in September of last year and
extended for 1 year in September 1967,
has the effect of restraining competition
for deposits between commercial banks
and thrift institutions. This competition
was particularly troublesome for the
thrift institutions and contributed
greatly to the instability they faced in
1966. Also, the steps taken so far in
1967 by financial institutions and the
Federal Home Loan Bank System to
rebuild liquidity has placed them in a
much better position for modifying the
impact from disintermediation should
it appear.
Life insurance companies generated
an enlarged flow of investment funds
in the first quarter of this year, but in a
counterseasonal movement, this flow
declined in the second quarter—the
latest period for which data are available. An important factor in the spring
dip in the flow of investment funds was
the additional acceleration in income
tax payments by life insurance companies. Growth in policy loans—a drain
on investment funds—has tapered off
SURVEY OF CURRENT BUSINESS
15
increase in 1965. The slower growth
in fixed investment spending this year
was due to plant and equipment
outlays, which declined slightly during
the first half of this year, but recovered
in the summer months to a level little
different from the last half of 1966.
In contrast, residential construction—
mainly the construction and purchase
of apartment houses—has rebounded
vigorously after last year's decline.
Through the third quarter, investment
in residential construction was very
close to the 1965 level and averaged
about $1 billion higher (seasonally
adjusted annual rate) than 1966.
Although financing requirements for
fixed investment have continued high
in 1967, sharply reduced inventory
spending through the second quarter
occasioned a substantial decline in
total investment expenditures. After
reaching a peak rate of $16.4 billion in
the fourth quarter of 1966, the rate of
inventory accumulation for nonfinancial corporate business w^as nearly
halved in the first quarter of 1967;
it dropped sharply lower to $2 billion in
the spring quarter but rose $3j/§ billion
in the most recent quarter. As a result
of the recovery in plant and equipment
expenditures and the shift to a higher
rate of inventory accumulation, total
investment expenditures rose to a $71
billion rate in the third quarter. Even
Corporate Finances
so, the average for the year to date
Investment expenditures of nonfi- (annual rate) is $4% billion below the
nancial corporate business declined full year 1966.
this year as a result of severe inventory
adjustments. The decline was considerably larger than that in internal Internal funds
funds, and some narrowing of the gap
The rather sharp decline in corporate
between internally generated funds production in the first quarter of 1967
and investment expenditures resulted. was accompanied by a dip in internally
Despite this development, corporations generated funds or cash flow^—unremained heavily dependent upon ex- distributed profits and capital conternal financing as they made un- sumption allowances. It was the first
usually large tax payments and took decline for funds of this type since 1960.
steps to improve their liquidity posi- Cash flows leveled out in the second
tions.
quarter of this year and rose again in
Corporate investment
the third with the more rapid rise in
Fixed investment of nonfinancial output.
The weakness in cash flows in the
corporations remained high in the first
first half of 1967 stemmed from the
three quarters of 1967, but at $2.8
billion (annual rate), the increase is weakness in after-tax profits, which
considerably below the $7.3 billion fell sharply in the first quarter and
advance last year and the $8.2 billion leveled out in the second. Corporations
increased their net dividend payments
at the same time, so that undistributed
profits bore the brunt of the decline
in after-tax earnings. During the summer quarter, retained earnings were
about unchanged.
Through September, the undistributed profits of nonfinancial corporate
business (including IVA) were at a
seasonally adjusted annual rate of $19.3
billion. For the full years 1966 and 1965,
the comparable figures were $22.6
billion and $20.5 billion. This year's
decline in profits has been partly offset
by the steady rise in capital consumption allowances, and total internally
generated cash flows have been reduced
by about $1% billion (annual rate)
from 1966.
November 1967
this year as compared with the second
half of last year, but remains considerably above normal.
Life insurance company investment
patterns in 1967 also reflect efforts to
improve liquidity positions. To achieve
greater flexibility with their investment
funds, these companies drastically cut
back their acquisition of directly placed
corporate securities. (Directly placed
corporate securities are usually privately
transacted between borrower and lender
and generally represent a long-term
commitment of funds by the lending
institution.) Moreover, their investments this year have centered mainly
in purchases of industrial issues with
maturities of less than 1 year.
Mortgage investments of life insurance companies have amounted to $5.3
billion in the first 8 months of this year,
$1.7 billion less than during the same
period of 1966. This year's reduction in
mortgage lending relates to low levels of
outstanding commitments at the beginning of 1967 and to the very low levels
of new commitments during the early
part of this year. In the first quarter,
ne\v commitments were at about half
their volume a year ago; however, they
picked up sharply this spring.
External financing
In recent years, nonfinancial corporations have become increasingly dependent upon funds raised in credit
markets. This increased reliance on
external sources of financing became
evident in 1964, as the growth in
internally generated funds failed to keep
pace with advances in investment
spending. From 1964 to 1966, the gap
between internal funds and investment
spending widened, rising from $3.1
billion in 1964 to $7.9 billion in 1965
and to $15.3 billion in 1966. The gap
has narrowed in 1967, but at $12.1
billion (annual rate based on three
quarters), it remains large. Consequently, use of external funds by
nonfinancial corporations has been very
high—close to the record levels of the
first half of last year and considerably
greater than the levels of the second half
of 1966. In addition to the excess of
investment needs over internally generated funds, this year's heavy reliance
on external financing relates to the
needs for funds to meet unusually
large second quarter tax payments and
to rebuild liquidity positions.
Nonfinancial corporations have dramatically altered the composition of
this year's external financing. Corporations have relied relatively more on
funds raised in long-term capital mar-
SUEVEY OF CURRENT BUSINESS
16
kets and relatively less on short-term
borrowing. Through this September,
loans accounted for about one-fourth
of the funds raised from external
sources as compared with more than
two-fifths in 1966 and more than onehalf in 1965.
Along with the fact that corporate
security offerings have been at record
levels in each quarter of this year, two
other developments have rendered 1967
capital markets significantly different
from other recent years. First of all,
most of the increase in new issues this
year has come from manufacturing
companies. Traditionally, manufacturers rely on internal funds to finance
capital investment and turn to sales of
liquid assets or to bank borrowing to
meet short-term requirements. In the
first 9 months of this year, these concerns offered $8.7 billion in new securities as compared with the previous
record issue of $7.1 billion for the full
year 1966. Irom the end of World War
II through 1966, manufacturers' security issues ranged roughly between $2
billion and $4 billion.
Another striking development in 1967
has been the shift from privately offered
to publicly offered securities. So far this
year, public offerings accounted for
$11.9 billion or 63 percent of the total
corporate offerings. This is considerably
above the 44 percent and 47 percent of
total offerings in 1966 and 1965 and is
the highest proportion for public offerings since 1958.
The shift away from private placements relates in large part to the experience that financial institutions—
notably insurance companies—had with
private placements last year. Institutions were committed to take large
volumes of these securities at lower
November 1967
rates than they could have earned on
alternative investments. Moreover,
large commitments carried over into a
period when lenders were encountering
liquidity pressures resulting from general credit restraint. Thus, commitments were reduced last year, and
financial institutions have been reluctant to take on new commitments in
1967.
Higher tax payments
Over the first half of 1967, corporate
finances were strained by unusually
heavy payments of profit taxes. The
second quarter of this year marked the
completion of the accelerated schedule
of corporate tax payments, and large
corporations were moved to essentially a pay-as-you-go basis with respect
to tax liabilities. In this period, non-
Table 1.—Sources and Uses of Funds, Nonfarm Nonfinancial Corporate Business, 1964-67
[Billions of dollars]
1964
1964
1965
1966
I
II
1966
1965
III
IV
I
II
III
IV
1967
III
IV
1
II
I
II
94.8
99.2
105.4
91.3
94.9
86.4
75.3
59.2
59.8
63.5
58.6
58.7
24.1
24.1
24.4
20. 5
19.8
39! 6
Seasonally adjusted at annual rates
Sources, total
Internal sources l.
Undistributed profits l
Corporate inventory valuation adjustment
Capital consumption allowances *
70.2
88.5
97.7
61.2
72.0
77.7
69.9
88.6
84.2
86.3
50.5
55.7
60.3
49.5
50.6
51.5
50.5
54.5
54.6
56.1
57.8
58.8
18.3
22.1
24.2
18.0
18.1
18.9
18.2
21.9
21.9
21.3
23.4
24.4
— 4
33.0
—1 0
33.4
—1 4
34.1
—2 1
34.8
— 9
35.7
—2 2
36.6
—2 6
37.0
— 2.3
37.5
— 2.2
37.9
— 5
32.8
—1 7
35.3
—1 6
37.7
— 6
32.1
— i
32.5
38!4
-.8
38.9
19.7
32.7
37.4
11.7
21.4
26.2
19.4
34.1
29.6
30.3
37.0
40.4
46.2
31.5
31.4
27.8
16.6
Stocks.
Bonds
Mortgages.
Bank loans, n.e.c
1.4
4.0
3.3
36
.0
5.4
3.2
93
1.2
10.2
2.1
7.6
3.3
4.0
-1.5
4.6
3.7
7.0
.0
4.4
3.0
9.8
1.6
5.3
3.4
8.8
-.5
7.9
4! 2
1.1
3.9
3.7
4.1
7. 4
-1.0
3.9
3.0
11.3
-.5
12.4
3.3
6.3
5.9
9.3
2.9
14.5
.9
10.8
1.4
4.8
-1.5
8.4
.6
5.1
.9
13.1
2.7
5.7
1.9
13.5
2.6
4.8
Other loans
Trade debt. .
Profits tax liability
Other liabilities .
1.3
3.4
.9
1.8
1.3
7.3
2.0
4.2
2.1
7.7
-.4
6.8
2.6
3.5
2.5
-.9
2
L5
1.6
.9
2.6
— 2. 1
.9
5.3
1.3
8.9
.3
2.8
1.2
5.2
.7
-1.5
.0
8.5
3.3
5.0
2.0
5.7
-1.9
4.7
1.2
6.4
1.9
2.8
21
5! 5
4.7
4.5
2.3
8.2
2.6
5.8
2.5
11.5
-7.5
7 2
.2
5.4
2.8
5.3
3.4
5.8
.7
9.0
3.8
-2.3
3.2
.8
2.6
6.8
-24.5
9.0
External sources _
Uses, total
Purchases of physical assets. . . .
Nonresidential fixed investment
Residential structures .
Change in business inventories
Increase in financial assets 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)
66.9
88.0
94.9
61. 1
67.2
73.9
66.1
92.8
81.6
85.9
93.0
95.6
102.5
90.8
91.2
85.2
73.6
53.5
63.6
75.4
49.7
53.0
51.5
57.6
61.9
61.8
64.8
67.1
70.6
74.3
76.4
81.0
74.7
67.3
44.0
3.6
5.9
52.2
3.7
7.7
60.4
2.7
12.3
41.7
3.4
4.6
43.4
3.8
5.8
45.1
3.9
5.4
46.2
3.7
7.7
49.2
3.9
8.8
50.7
3.8
7.3
52.7
3.7
8.4
56.1
3.5
7.5
58.4
3.6
8.6
59.1
3.1
12.2
61.9
2.3
12.1
62.5
2.1
16.4
62.1
3.3
9.3
61.6
3.9
1.8
13.4
24.4
19.5
11.4
14.2
19.4
8.5
30.9
19.8
21.1
25.9
25.0
28.2
14.4
10.2
10.5
6.3
.6
-2.5
3 2
-1.4
1.4
-L9
3.9
— 2. 1
.8
1.1
.7
-.7
-1.2
2.3
4.0
-5.3
6.4
2.3
.6
4.9
2.8
1.4
-1.3
2.0
2.3
1.0
1.5
-2.6
2.4
-8.7
-8.7
3.4
-4.0
.6
4.7
.6
6.4
-2.1
-.3
-1.7
-3.1
5.7
-5.0
.8
.3
-4.5
2.5
.1
2.3
-.6
-.6
.9
-1.3
.3
10. 5
4.0
4.1
2
2.7
2.2
1.6
1.7
-2.1
1.0
-2.6
-.7
-3.9
-1.0
3.0
-5.5
-2.0
-4.6
-1.3
2.4
3.4
-4.3
10.0
-5.3
3.0
-8. 0
.5
-.9
-7.6
.0
1.0
9.1
2.5
1.2
13.7
1.1
10.9
5.C
.1
7.9
-.9
1.8
5.9
1.5
.9
12.3
3.8
1.1
10.2
5.6
1.7
16.2
7. 7
.6
11.3
8.8
1.0
10.3
8.6
1.3
16.8
7.6
2.5
10.7
.4
1.0
16.8
7.4
.8
9.0
6.5
-.1
7.0
8.0
1.4
3.3
1.6
1.1
8.3
4.2
-3.3
-.5
-2.8
4.1
-2.6
-.4
-3.6
-3.0
-.5
-3.7
-4.7
-3.8
1
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. 6 of this issue of the 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,
-3.8
-1.8
-1.3
-1.7
and the gross corporate product figures include, the internal funds of corporations whose
major activity is farming,
- Includes some categories not shown separately,
Source: Board of Governors of the Federal Reserve System,
November 1967
financial corporations made tax payments far in excess of accruals and reduced tax liabilities by $24.5 billion at
a seasonally adjusted annual rate. This
compares with a reduction in tax
liabilities of $7.5 billion in the corresponding period of 1966.
To assist in meeting their tax payments, corporations turned to external
sources. Long-term borrowing was a
primary source of funds. Borrowers
apparently used part of these proceeds
early in the year for short-term investment in liquid assets, which were then
liquidated on a large scale in the second
quarter when tax payments were made.
Bank borrowing was also heavy around
the dates for tax and dividend payments, but corporations relied much
less on this source of external financing
than they had in the corresponding
period last year. In the summer quarter,
they continued to borrow record
amounts in capital markets, using part
of the funds raised here to improve
balance sheets by acquiring liquid
assets and extending debt maturity.
SURVEY OF CURRENT BUSINESS
poned external financing and sold liquid
assets or sought funds from short-term
borrowing. As a result, a restoration of
liquidity was put off until 1967.
This year, corporate treasurers have
apparently used significant amounts of
the funds raised in capital markets to
add to their holdings of liquid assets
and to reduce short-term liabilities—
particularly Federal tax liabilities. Although such external financing adds to
pressures in capital markets and increases long-term indebtedness, it contributes to an improvement in the
current asset position of corporations
without corresponding increases in current liabilities. These efforts to improve
liquidity have been an important factor
in the relative shift noted above between bank borrowing and capital
market borrowing.
Liquidity considerations have had
another impact on long-term markets
insofar as they have contributed to
anticipatory borrowing in 1967. With
adjustments to last year's credit scarcity still fresh in their memories, corporate treasurers this year looked ahead
to a resurgence of economic growth
Corporate liquidity
later in 1967 and in 1968 and to the
The attempts by corporations to increases in credit demands normally
improve their liquidity positions this associated with a faster rise in economic
year are a consequence of the severe activity. Prospects for a large volume
deterioration in liquidity that occurred of borrowing by the Federal Governin 1965 and 1966. Corporate liquidity, ment in the second half and a possible
measured by the ratio of liquid assets return to restrictive monetary policy
to current liabilities, had been declining have heightened the concern of corpofor many years, but from 1961 to 1964, rate managers over their liquidity posithe reduction was comparatively mild— tion. Under these conditions, it is
from 38 percent to 33 percent. How- likely that many corporations borrowed
ever, this ratio dropped dramatically in advance of needs as a hedge against
in 1965—to 29 percent—and again in the expectation of reduced availability
1966—to 26 percent. The pronounced of funds in the months ahead.
erosion in this liquidity measure reflects
the fact that the liquid asset holdings
of nonfinancial corporate business fell
Consumer Finances
$1.1 billion from the end of 1964 to the
With a strong rise in disposable inend of 1966 while current liabilities
come and an increase in the saving
rose $48.6 billion.
Although the deterioration in liquid- rate, the level of personal saving has
ity was of growing concern to corporate shown a substantial advance this year.
treasurers in 1966, efforts to halt the At a seasonally adjusted annual rate
decline were thwarted, largely because of $37.8 billion, personal saving has
of the financing difficulties imposed by amounted to 7 percent of disposable
last year's credit restraint. With the personal income—the highest ratio for
cost of financing high and the availabil- a sustained period since 1958. This
ity of funds reduced, corporations post- compares with saving of $30 billion
17
in 1966 and $27 billion in 1965 when
saving was 5.8 percent of disposable
income. If automobile purchases were
included in the measure of saving,
differences would persist but would be
less pronounced.
Along with stepping up their debt
repayments, consumers have invested
their increased volume of saving in
financial assets, especially cash and
near-cash assets. Through September,
individuals have added to their holdings of cash, time and savings deposits,
and savings shares at a seasonally
adjusted annual rate of $46.8 billion.
During the same period, individuals
shifted out of securities at an annual
rate of $3.7 billion. The largest part
of this shift occurred in the first half
of this year and centered in reduced
holdings of U.S. Government securities.
This pattern in portfolio investment
stands in sharp contrast to the pattern
prevailing last year, when individuals
responded to rapidly rising interest
rates by a massive shifting of funds
away from financial intermediaries into
security purchases. During the full
year 1966, individuals acquired only
$21 billion in cash and near-cash assets
(down from additions of $33.6 billion
in 1965), while they added $11.1
billion to their security holdings (up
from $4.1 billion in 1965).
Although the stock market has been
extremely active this year and prices
rose strongly until late September, the
available evidence suggests that on
balance individuals have reduced their
holdings of equities. Odd-lot sales have
exceeded purchases throughout this year
in a reversal of the 1966 experience.
Although individuals have been net
buyers of mutual fund shares, their net
purchases have been considerably less
this year than last.
Mortgage debt
After increasing at an annual rate
of only $6 billion in the first quarter
of this year, consumer mortgage indebtedness (debt on 1- to 4-family
homes) rose sharply to an $11.6 'billion
rate over the 3 months ending in June.
Incomplete data suggest that the third
18
quarter rise in mortgage borrowing
exceeded the spring advance.
The improved availability of mortgage funds in 1967 has no doubt
contributed importantly to the spring
and summer recovery in homebuilding
and home purchases. At seasonally
adjusted annual rates, private housing
starts rose from 1.1 million in March
to 1.2 million in June and to 1.4
million in September, when they were
very close to their levels of late 1965.
Also, new home sales in 1967 have
recorded a marked recovery from their
reduced levels of the second half of
last year. In the first 2 months of the
third quarter, new home sales were
at a seasonally adjusted annual rate
of 483,000 units, This compares with
sales of 382,000 units (annual rate) in
the second half of 1966 and 537,OQO
units in the first.
The rate pattern on new FHA home
mortgages reflected the slow but persistent easing of pressures on mortgage
markets until late spring. However,
after moving against the rising trend
in other long-term rates from February
through April, these rates turned upward again in May. By September,
rates in new FHA home mortgages
had returned to their January level
but remained below their peak in
November of last year.
SUEVEY OF CUKKENT BUSINESS
Although this year's slackness in
credit use has extended to all major
components of installment credit, it
has been most striking in automobile
credit, chiefly because of sluggish demand for automobiles. Automobile
paper—by far the largest component
of installment credit—showed virtually
no net change in the first quarter and
rose very slightly in the second and
third (chart 8). For the year to date,
the seasonally adjusted net change in
automobile credit has been less than
$0.3 billion at an annual rate, as
compared with net changes of $2.1
billion in 1966 and $3.6 billion in 1965.
The ratio of consumer installment
debt to income is sometimes used as a
gage of installment credit use. This
ratio, after reaching a peak in 1965,
declined late that year and fell rapidly
from the summer of 1966 through
mid-1967, During the recent June-toSeptember period, this ratio recorded
a slight increase, the first in 2,% years.
Government Finances
Eapid growth in Federal Government expenditures, both defense and
nondefense, as well as lower-thanexpected revenue collections, have combined in calendar year 1967 to produce the largest Federal deficit since
World War II. On a national income
Installment credit
accounts basis, the deficit rose from a
Consumer installment credit con- seasonally adjusted annual rate of $3.3
tinued to advance this year, but the billion in the fourth quarter of 1966 to
rise has been the smallest since 1961. $11.9 billion in the first quarter of this
The quarterly pattern of credit exten- year, $14.7 billion in the second, and
sions has been mixed. Extensions de- $13.1 billion in the third.
clined in the first quarter but rose in
Despite the striking rise in deficit
the second and third; so far this year, from the fourth quarter of last year to
the annual rate of extensions has been the first half of this year, the Federal
only slightly higher than for all of last Government did not step up its deyear. However, against a background mands on credit markets. Instead,
of strong gains in disposable income, through June, cash balances were reconsumers have steadily stepped up duced substantially—at a seasonally
their debt repayments, and through adjusted annual rate of $9 billion. In
September, the seasonally adjusted net addition, the speedup in tax payments
change in installment credit has been provided the Federal Government with
at a rather low annual rate of $3 billion. a heavy inflow of funds. (On a basis
This compares with net growth in consistent Avith the national income
credit of $6.1 billion in 1966 and the accounts budget, there was a reduction
in the excess of tax accruals over repeak of $7.9 billion in 1965.
November 1967
ceipts of $28 billion—seasonally adjusted at an annual rate—from the
fourth quarter of 1966 to the second
quarter of 1967.) These developments
permitted the Federal Government to
make a sizable reduction in the publicly
held debt during the first half of this
year.
The third quarter marked the beginning of a sharp reversal in the
Treasury's demands on credit markets.
With the deficit continuing high and
the speedup in corporate tax payments
completed, the Treasury came to market with new debt issues and indicated
that new cash borrowing from the
market in the July-December period
would be in the vicinity of $15 billion
to $17 billion.
Through September, total Federal
securities outstanding rose $9.7 billion,
of which roughly $9 billion became
publicly held. Most of the new cash was
raised through short-term tax anticipation or regular bill issues, with lesser
amounts raised through sales of certificates and notes. In late October, the
Treasury announced a major $12.2
billion financing, relying on 15-month
notes but also using, for the first time,
the 7-year note authorized earlier this
year; previously, notes could carry a
maturity of only 5 years. The new
7-year notes, which carry 5% percent
interest—the highest rate for a Government issue since 1921—are intended
to give the Treasury more flexibility in
debt management. Under current market conditions, the low legal interest
rate ceiling of 4% percent prevents the
Treasury from selling bonds.
State and local government
So far this year, expenditures of State
and local government have continued
their long-run rise but the growth in
receipts has slowed a little. As a result,
the budget position of these governments has shifted to approximate balance after recording surpluses in every
year since 1961. The growth in receipts
has slowed down this year mainly
because grants-in-aid from the Federal
Government have been rising only
moderately. Grant-in-aid payments rose
$3^ billion from 1965 to 1966; in
SURVEY OF CURRENT BUSINESS
November 1967
very early this year to make up for
retrenchments imposed by last year's
unreceptive markets. Although the new
offerings are still at very high levels,
the recent slackening suggests that
States and localities may again be
encountering pressures from rising financing costs.
months of this year. State and local
demands were heaviest in the first
quarter, moderating in the second and
still more in the third. The unusually
large volume of security offerings from
January to March indicates that these
governments took advantage of the
easing in long-term capital markets
contrast, over the past four quarters,
these payments have risen $0.7 billion
as the Federal Government has attempted to hold down the growth in
expenditures.
As was noted earlier, borrowing by
State and local governments has been
at record levels during the first 9
19
Consumer Installment Credit
NET CHANGE
Billion $
3
TOTAL
AUTO PAPER
ALL OTHER
60
1959
64
61
67
65
Percent
CHANGE IN CREDIT AS A PERCENT OF
DISPOSABLE PERSONAL INCOME
1
1
' 1959
1
I
I
1
60
1
I
1
1
61
1
1
1
i
62
1
1
1
1
63
1
1
1
1
64
Quarterly, Seasonally Adjusted
Department of Connmerce, Office of Business Economics
1
1
1
i
65
1
1
1
1
66
1
1
1
1
)
67
Data: FRB & QBE
67-11-8
SUKVEY OF CURRENT BUSINESS
20
November 1967
Indexes of Industrial Production, 1966: Revised Data for Pages S-3 and S-4
[1957-59 = 100]
1966
Annual
Unadjusted, total index (including utilities)
By industry groupings:
Manufacturing, total
__
Durable manufactures
Nondurable manufactures _
Mining. _
_ _ _ _ _
. _ _ __
Utilities
By market groupings:
Final products, total
Consumer goods
_ _ _ _ _ _
Automotive and home goods
Apparel and staples
_
Equipment, including defense _ _
_
_
_
_
156.3
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
148.6
152.4
154.7
154.7
155.9
159.4
151.0
156.7
161.3
163.7
160.1
156.9
158.8
167.8
147.6
122.6
157.2
163.8
148.9
119.0
157.8
164.8
149.2
115.3
158.7
166.0
149.7
121.6
162.3
168.8
154.2
122.4
152.1
158.1
144.6
118.5
157.9
159.9
155.3
123.5
163.6
169.0
156.8
123.1
166.9
172.9
159.4
124.5
148.5
142.0
167.8
133.9
162.3
151.8
145.9
171.3
137.8
164.6
153.5
146.9
172.7
138.7
167.8
152.6
145.5
173.2
136.7
167.9
152.9
144.8
169.9
136.8
170.3
158.0
150.3
172.0
143.3
174.5
150.2
140.1
142.4
139.4
172.0
154.7
146.0
132.0
150.5
173.4
161.3
153.6
165.8
149.7
177.7
164.7
157.9
184.9
149.2
179.5
160.1
151.4
176.9
143.3
178.8
157.2
145.4
168.7
138.0
182.4
148.7
147.7
149.8
153.0
152.2
153.8
155.8
155.7
155.9
156.6
158.1
155.0
158.6
159.7
157.5
160.6
162.0
159.3
151.7
151.9
151.6
158.5
157.6
159.5
161.3
162.0
160.7
162.8
162.8
162.8
160.0
158.8
161.3
156.6
154.5
158.7
156.3
.. . . .
. _
_.
150.7
152.4
153.8
153.9
155.4
156.5
157.2
157.8
158.1
159.4
159.1
159.5
158.6
164.8
142.7
136.2
166.2
163.0
158.8
183.8
181.9
186.4
166.9
168.7
165.0
176.5
140.7
119.4
171.9
157.9
150.8
142.5
150.1
111.7
152.1
142.1
134.2
193.2
221.0
128.3
191.9
128.7
126.6
139.9
120.0
120.5
117.0
118.0
119.3
133.4
133.5
173.9
179.6
156.1
Seasonally adjusted total index (including utilities)
By industry groupings:
Manufacturing, total
Durable manufactures
Primary metals _ _ _ _ _ _ _
__ _ _
Iron and steel
Nonferrous metals and products
Fabricated metal products
Structural metal partsMachinery __ _ _ _ _ _ _ _ _
_
_
_ .. _
Nonelectrical machinery
Electrical machinery
Transportation equipment- _
Motor vehicles and parts
Aircraft and other equipment.
Instruments and related products
Clay, glass, and stone products _
Lumber and products
Furniture and fixtures
Miscellaneous manufactures
Nondurable manufactures, _
Textile mill products
Apparel products
Leather and products.- _ _
Paper and products
Printing and publishing _ _
Newspapers
Chemicals and products _
Industrial chemicals..- _ _
Petroleum products
Rubber and plastics productsFood and beverages. .
Food manufactures
Beverages
Tobacco products _ - - - - - - - . _ .
Mining
Coal
... . ,
Crude oil and natural gas
Crude oil
Metal mining
Stone and earth minerals
Utilities
Electric. .
Gas
.
154.5
160.6
146.9
117.6
157.0
156.9
157.2
_
150.2
156.5
142.3
116.3
163.1
169.7
154.7
122.0
155.5
147.5
166.5
141.4
172.6
_
Materials .
_
_ _ _ _ _ _ _ _ _
Durable goods materials _
Nondurable goods materials
152.9
157.8
131.2
123.0
164.3
157.7
154.2
174.2
171.9
177.3
163.0
176.7
150.1
166.8
140.8
124.2
165.4
151.2
146.8
141.3
145.6
111.4
149.8
135.8
130.4
184.1
209.4
130.5
188.8
126.3
124.6
135.4
119.6
118.1
119.5
113.7
114.1
133.6
135.5
165.9
170.6
151.1
154.7
160.2
137.0
129.1
172.5
161.6
158.9
176.2
174.4
178.5
163.8
175.1
153.1
169.4
140.7
125.2
167.7
155.3
147.8
141.5
148.4
109.6
148.5
138.6
131.4
186.5
212.7
125.5
187.4
127.3
125.6
136.1
126.7
118.2
115.8
114.8
115.1
130.9
135.6
168.5
173.7
152.2
156.0
161.6
141.8
136.7
174.5
161.7
158.9
176.1
174.0
178.9
165.4
175.5
155.8
171.9
141.6
126.6
168.8
156.8
148.9
142.6
149.4
112.2
150.2
139.8
133.1
188.5
215.4
125.6
186.3
128.1
125.8
140.7
126.8
120.4
119.6
116.6
117.0
134.6
137.1
169.6
174.7
153.3
156.5
162.5
142.5
138.8
166.0
161.4
159.1
178.1
174.5
182.9
165.5
175.4
156.4
173.7
141.9
128.1
169.6
157.2
148.9
143.4
150.3
115.5
150.2
138.6
128.5
188.7
215.9
127.7
186.7
127.8
126.0
137.6
115.8
115.4
84.4
116.9
117.2
139.7
130.9
171.2
176.5
154.4
157.8
164.0
145.3
141.2
165.0
162.9
158.4
180.5
177.7
184.1
164.9
168.0
161.9
176.4
140.8
126.7
173.8
159.5
149.9
144.2
149.9
118.6
153.0
142.1
133.8
191.0
217. 6
127.4
186.3
127.1
125.6
135.0
117.9
120.0
118.6
117.7
119.5
133.6
127.5
171.8
177.2
155.0
158.7
164.9
147.3
142.1
166.2
161.8
158.8
182.7
180.3
185.9
165.9
166.8
164.7
176.5
139.7
121.8
174.6
159.3
151.0
144.3
149.8
113.7
154.1
144.1
135.4
193.3
221.4
127.7
186.8
128.0
125.5
141.1
122.7
121.6
119.1
119.0
121.4
134.2
133.3
173.3
178.9
155.7
159.4
165.8
147.8
143.3
162.4
162.1
157.7
186.7
184.7
189.3
164.8
158.6
169.6
177.0
138.5
119.9
169.7
157.2
151.5
143.1
149.7
110.1
156.2
144.8
136.3
194.2
222.4
126.9
189.3
129.1
126.4
143.5
116.5
122.1
123.3
118.9
120.9
134.1
133.7
175.0
180.8
156.8
160.0
166.4
148.0
142.2
162.6
163.1
158.8
188.7
186.7
191.4
163.7
153.1
172.5
177.4
140.5
112.3
175.3
158.7
152.0
142.5
150.0
110.4
153.1
145.3
137.7
195.8
225.4
128.5
191.9
129.6
127.1
142.8
119.9
121.9
120.4
119.4
121.2
132.3
133.8
176.3
182.3
157.7
160.4
167.2
146.6
139.0
165.3
163.1
158.6
190.0
188.6
191.9
166.3
160.1
171.1
179.5
139.7
111.0
173.2
158.4
151.9
141.9
150.7
109.9
151.2
144.3
139.1
196.1
226.3
130.6
197.0
128.7
127.0
137.9
120.5
121.1
116.2
119.5
121.3
128.8
133.5
178.0
184.2
158.6
161.8
168.9
145.0
137.6
168.1
164.2
159.0
191.1
189.9
192.6
172.6
171.2
173.7
181.8
139.5
112.3
173.2
158.7
152.8
141.7
151.6
113.9
153.3
144.1
135.7
197.1
223.6
131.2
199.9
129.5
127.1
142.4
116.9
121.9
122.7
119.6
121.1
129.8
130.3
178.9
185.1
159.2
161.5
167.7
140.5
132.4
161.7
164.7
160.2
189.8
188.2
191.8
170.6
165.8
174.6
183.2
139.2
111.8
175.6
158.5
153.6
141.8
152.3
110.8
153.7
144.7
135.2
200.6
229.7
129.1
201.6
129.9
127.5
142.5
117.2
121.6
117.0
119.6
120.8
133.7
133.4
178.5
184.6
159.6
161.7
167.7
137.6
130.1
163.5
168.7
161.4
190.3
190.4
190.2
169.1
163.7
173.7
184. 0
138.1
112.8
175.2
160.9
154.1
141.7
152.2
111.1
152. 6
143.7
133.2
201.0
231.7
129.0
200.7
132.1
130.2
142.4
119.3
123.8
127.6
119.4
120.8
136.1
139.3
179.4
185.6
160.0
155. 5
147.5
166.5
163.0
169.5
154.4
168.9
166.6
165.7
141.4
139.5
142.0
126.4
133.2
173.5
136.5
159.9
172.6
181.2
172.3
190.1
208.3
167.5
157.0
156.9
166.5
180.7
141.7
157.2
149.0
145.6
150.6
136.6
122.5
172.9
150.0
144.6
167.3
168.1
180.3
152.0
166.8
166.3
163.3
137.3
137.5
137.3
123.1
130.1
165.6
131.9
153.1
161. 5
170.5
162.6
177.5
194.9
161. 2
150.8
149.9
170.0
165.8
142.7
151.6
144.8
143.5
145.5
131.5
118.6
165.0
151.8
145.9
166.6
167.9
177.8
155.0
165.7
160.5
164.0
139.3
138. 7
139.5
125.8
132.9
167.0
133.6
154.7
164.5
173.7
166.1
180.8
198.9
158.0
152.5
152.5
172.9
170.0
143.7
152.5
145.0
143.5
145.-8
132.4
118.8
167.5
152.7
146.5
166.6
170.0
180.5
156.2
164.1
156.2
165.5
140.1
140.4
140.0
125.3
136.0
168.0
134.2
155.7
166.2
175.4
167.4
184.2
198.9
163.0
154.4
154.9
167.8
171.9
144.6
153.9
146.0
145.2
146.4
134.3
121.0
168.8
153.2
146.8
168.6
168.2
178.9
154.1
168.9
167.8
166.3
139.8
140.4
139.7
125.1
130.3
169.0
134.1
157.5
166.9
175.9
167.3
186.4
201.3
157.6
154.4
156.4
167.0
173.6
144.4
152.2
145.2
142.4
146.6
130.7
114.7
170.7
154.0
146.7
165.9
160.7
166.0
153.6
169.6
164.9
169.1
140.6
140.5
140.6
125.2
129.2
172.8
136.9
158.3
169.8
178.3
168.5
190.1
204.9
164.7
157.0
157.9
163.4
177.1
143. 3
156.2
147.8
146.1
148.6
136.2
122.8
171.1
155.3
147.3
165.6
162.1
167.8
154.7
168.0
163.9
169.2
141.5
140.2
141.9
125.3
134.9
174.0
138.5
159.4
172.6
181.4
172.9
191.0
205.7
168.2
158.1
158.1
160.3
179.1
142.3
158.2
150.3
146.4
152.2
137.8
124.4
172.3
155.3
146.4
161.9
153.3
151.5
155.7
168.0
165.5
165.2
141.5
138.8
142.3
126.0
134.4
173.5
138.9
160.3
174.3
182.7
174.9
189.8
208.8
167.5
158.9
158.8
160.8
183.7
140.9
159.0
150.7
146.2
152.9
138.8
124.8
174.5
156.0
146.5
159.2
145.8
141.7
151.2
168.7
165.0
167.2
142.5
139.1
143.4
127.8
135.1
174.4
138.2
161.4
176.3
184.4
176.3
194.1
208.1
169.1
159.2
159.2
165.7
187.9
140.4
159.3
149.5
142.2
153.2
138.8
124.6
175.6
156.6
146.9
161.0
150.7
148.6
153.5
168.1
164.8
165.9
142.5
138.8
143.5
127.8
132.0
174.9
136.7
164.1
177.4
185.7
177.0
194.8
209.2
178.9
159.6
159.1
169.6
189.1
140.0
160.1
151.7
146.1
154.5
138.7
123.9
176.4
158.7
149.3
169.4
168.5
177.8
156.2
170.0
170.2
164.4
142.9
139.0
144.0
125.9
133.8
179.3
137.9
165.4
179.0
187.2
178.4
195.5
212.7
180.3
159.7
159.1
170.0
189.7
138.7
160.3
151.9
146.9
154.4
139.8
125.2
177.3
159. 0,
149.2
166.7
162.8
166.7
157.8
169.4
166.3
164.7
143.7
139.8
144.8
127.9
134.0
180.7
138.8
163.5
180.0
187.8
178.1
198.4
216.9
170.7
159.0
157.8
166.9
191.0
138.7
160.2
150.8
147.2
152.6
139.0
123.9
177.3
159.6
149.8
165.8
162.6
167.3
156.4
168.1
160.2
163.5
141.9
140.7
145.8
130.0
134.6
180.1
139.1
164.5
180.7
188.9
179.1
196.0
220.3
179.5
159. 2
156.8
158.3
190.3
139.9
161.6
152.8
151.1
153.7
140.3
125.9
177.5
Source: Board of Governors of the Federal Reserve System.
Dec.
Feb.
158.6
164.8
150.8
120.5
173.9
_
By market groupings:
Final products, total
. ._
Consumer goodsAutomotive and home goods. .
Automotive products
Autos
Auto parts and allied products
Home goods
Appliances, TV, and radios
Furniture and rugs
Apparel and staples _. _
Apparel, incl. knit goods and shoes... ..
Consumer staples.
Processed foods
Beverages and tobacco
Drugs, soap, and toiletries
Newspapers, magazines, books
Consumer fuel and lighting
Equipment, including defense. _ _
Business equipment
Industrial equipment
Commercial equipment
Freight and passenger equipment
Farm equipment
Materials
Durable goods materials
C onsumer durable _
Equipment
Construction
Nondurable materials
Business supplies. .
Containers
General business supplies. _ _
Business fuel and power
Mineral fuels
Nonresidential utilities. _ _
Nov.
Jan.
U. S. GOVERNMENT PRINTING OFFICE : 1967 O - 279-483
CURRENT BUSINESS
STATISTICS
JLHE STATISTICS here update series published in the 1965 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.00) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1961 through 1964 (1954-64 for major quarterly series), annually, 1939-64; for selected series,
monthly or quarterly, 1947-64 (where available). Series added or significantly revised after the 1965 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger ( f ) , respectively; certain revisions for 1964 issued too late for inclusion in the 1965 volume appear in the monthly
SURVEY beginning with the September 1965 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding
to revised annual data are available upon request.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided through
the courtesy of the compilers, and are subject to their copyrights.
1964
Unless otherwise stated, statistics through 19f,l
and descriptive notes are shown in the 1%5
edition of BUSINESS STATISTICS
1965
1964
i 1966
III
A mual total
in
i i ii
1967
1966
1965
IV
IV
I
III
II
| IV
I
II
III
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT!
bil $
63'? 4
683.9
743.3
638. 9
645.1
662.7
675.4
690. 0
708.4
725.9
736.7
748.8
762.1
766.3
775.1
r 791. 2
Personal consumption expenditures, total
do
401.2
433. 1
465. 9
406. 6
408.9
420. 2
428. 1
436.4
447.8
458. 2
461.6
470.1
473.8
480. 2
489.7
r 495. 3
Durable goods total 9
Automobiles and parts
Furniture and household equipment
do
do
do
59 2
°5 8
25.0
66.0
29.9
27.0
70.3
29.8
29.9
60.7
26. 9
25.1
58.7
24. 6
25.6
65. 2
30.4
25.8
64.2
29. 2
26.1
66. 1
29. 8
27.3
68.6
30.3
28.9
71.6
31.4
29.4
68.2
28. 5
29.1
70.9
29.8
30.6
70.6
29.6
30. 6
69.4
27.3
31.4
72.5
29.7
31.9
' 29". 9
r 32. 1
do
do
do
do
178.7
33. 5
92.9
14.0
191. 2
36.1
99.0
15.1
207. 5
40.3
106. 7
16.2
181.3
34.2
94. 0
14. 1
182. 9
34.5
95. 1
14.3
184.6
34.6
95.6
14.3
189.8
35.6
98.3
15.1
192. 4
36. 2
99. 4
15.3
198.0
37. 8
102. 5
15.7
39 5
105! 2
15.8
207.1
39.8
107. 0
16. 2
209. 5
41.0
107. 3
16.3
210.3
40.8
107. 2
16.6
214. 2
41. 5
109. 3
17.1
217. 2
43.2
110. 1
17.5
r 110.9
' 17. 5
do
do_
..do ..
do
163. 3
24.3
59.3
11.6
175. 9
25. 7
63.6
12.6
188.1
27.0
67. 1
13.6
164. 6
24.5
59.8
11.7
167.3
24.5
60. 8
11.8
170. 4
24.7
61.9
12.0
174. 2
25. 5
63.2
12. 5
177.8
26. 1
64.2
12.8
181.2
26. 5
65. 3
13 1
183.5
26.1
66. 2
13.2
186. 3
26. 9
66. 5
13.5
189.8
27.4
67.4
13.7
192.9
27.7
68.5
14.0
196. 6
27.8
69.6
14.4
200. 0
28.1
70.6
14.6
Gross private domestic investment, total
do
94.0
107.4
118.0
94.2
97.9
105. 1
105. 1
108. 2
112. 3
115. 2
118. 5
116.4
122. 2
110.4
105. 1
r 112.2
Fixed investment
. .. ._
Nonresidential
Structures
Producers' durable equipment
Ke^idential structures
_
Ncnfann
Change in business inventories
Nonfarm
_
. .do___
do
do
do
do.
do
do
do
88.2
61.1
21 °
39.9
27.1
26.6
5.8
6.4
98.0
71. 1
25. 1
46. 0
27.0
26.4
9.4
8.4
104. 6
80.2
27.9
52.3
24.4
23, 8
13.4
13.7
89.4
62.4
94.4
67.3
23 1
44.1
8. 1
105. 3
78.3
28 3
50.0
27.0
26. 5
9.9
9.6
104. 5
78.7
27. 5
51.2
25.8
25.3
14.0
14.4
104. 9
81.2
28. 2
53.1
23.7
23. 2
11.4
12.0
103.7
82.8
27.7
55. 1
20.9
20.4
18.5
19.0
54.' 2
21.4
20.9
7.1
7. 3
104.6
81.5
26.3
55.2
23.1
22. 5
.5
.6
f 108.4
46.8
26. 9
26. 4
9.4
7.9
102. 4
75. 7
27. 3
48.3
26. 8
26. 2
9.9
8.7
103. 3
81.9
26. 6
10. 6
10.1
96.3
69.3
24 7
44. 6
27. 0
26. 5
8.8
7.9
98. 8
71.9
41.0
27. 0
26,5
4.8
5.6
90.2
63.4
21 8
41. 6
26. 8
26. 3
do
do
do.
8.5
37.1
28.6
6.9
39.1
32. 2
5.1
43.0
37.9
8.7
37.5
28. 8
8.5
38.3
29.8
6.1
35. 1
28.9
8.2
40. 7
32. 6
7.4
40.3
32.9
6.1
40.5
34.4
6.. 1
42.0
36.0
5.4
42.5
37.1
4.6
43.7
39.0
4.3
44. 0
39.7
5.3
45.3
39. 9
5.3
45. 1
39. 8
Govt. purchases of goods and services, total.. do
Federal..... _. ._ ...
. .. .. ... do _
National defence
do
State and local
do
128. 7
65,2
50.0
63 5
136. 4
66. 8
50.1
69 6
154. 3
77.0
60. 5
129. 4
65.2
49. 8
64
129. 8
64. 5
48. 9
65 3
131. 3
64. 3
48. 4
66 9
133.9
65. 4
49. 2
68 6
138. 1
67. 6
50. 3
70 4
142. 3
69.8
52,4
146. 5
72. 1
151.2
74.9
58.4
157. 7
79.5
63. 0
78.1
161. 7
81.5
65. 6
80.2
170.4
87. 1
70. 2
83. 3
175.0
89.5
By major type of product :f
Final sales, total
Goods, tot al
Durable goods
Nondurab'e good^
Services ,
Structures
074 X
626 6
313. 6
337. 2
122 8 ' Oal 4
132.8
190 7
262. 9
244. 2
68.8
74.4
634.
3is
124
193.
2 46.
69.
637. 4
317. 9
1 23. 3
lOi. 7
21't. 1
69. 3
652. 0
32x9
12'). ti
332! 8
UO 0
680. t>
340. 2
1 3.i. 9
254! t\
71. 6
26a i
73. 6
266 0
74.4
60H. 5
3 i9. 9
137.0
212 0
271.0
77.6
716.0
359. 6
143.2
216.4
276. 6
79.9
722. 6
361. 7
141,6
220. i
283. 5
77.4
737. 4
370. 3
145, 8
224. 5
291.6
75.5
743. 6
373. 2
148. 3
224. 9
296. 9
73.5
759. 2
380. 9
1 50. 5
230. 5
303. 1
75. 2
774. 6
391.6
1 56. 0
235. 5
307. 8
75. 2
r 7H7. 4
394. 9
157.9
237. 0
313.5
79. 0
7. 7
4.5
3.2
10.6
8.7
2.0
8.8
7.0
1.8
9.4
7. 1
2. 3
9.9
5.0
4.9
9.9
7.4
14.0
9.7
4.3
11.4
9.9
1.5
18. 5
12.8
7. 1
3.4
3.7
.5
-.6
1.1
••3.S
3. 5
.3
Gross national product total t
Nondurable goods, total 9
Clothing and shoes
Food and beverages
Gasoline and oil
Services total 9
Household operation
I lousing
_
Transportation
__
-
_
._ _ .
Xet exports of goods and services
FA ports
Imports
„-
_
. .
do
do
do_
do
do
do
. _
_
-
.
Change in business inventories
Durable goods
._
N endurable goods .
._
do
... do._.
do
7Xi Q
366. 2
114 7
''87, 2
76. 5
5.8
4.2
1.6
9.4
6.7
2.7
13.4
9.9
3.5
91 4
4.8
4.2
.6
74! 3
85^4
r 218. 5
43.7
r 204. 1
28. 1
71.9
14.8
r82.8
' 26. 6
>• 56. 2
r 25. 6
r 25. ()
r 3. 8
r 3. 4
'5.4
r 45. 6
40. 2
r 178.2
r 90. 9
' 73. 3
r 87. 4
GNP in constant (1958) dollars
652.6
585. 8
588. 5
601.5
609. 7
620. 7
634.4
645.4
649.3
654.8
661. 1
660. 7
664.7
r 672. 0
398.4
418.0
378.6
379. 3
389. 1
394. 1
400. 7
409.9
416. 2
415. 2
420. 4
420.4
424. 2
430. 6
431,5
59.0
170.3
144. 4
66.4
178.9
153. 2
71.3
187. 7
159. 1
60.4
172.8
145.3
58.7
173. 5
147. 1
65. 0
174.7
149.4
64. 1
178.0
152. 0
66. 8
179.3
154.6
69. 5
183.6
156.8
73.0
185.8
157.3
69. 3
187.7
158. 2
71. 9
188.8
159. 8
71.1
188. 4
160. 9
69. 7
191.8
162.6
72.9
193. 6
164. 1
192.8
100.0
do
Durable goods
Nondurable goods
Services
Gross private domestic imestmi-nt, total
\ c t e \ p o r t s o f g o o d s md services
616. 7
373.7
87.8
98.0
105. 6
87.6
90.8
95. 9
95. 9
98 3
101.6
104.0
106. 5
103.6
108. 4
96. 9
91. 3
96. 4
do
do
do
do
81.9
57 8
24 2
5. 8
89.1
fifi 0
23 2 '
8. 8
93. 0
82 8
r
)S. 9
23 9
4 8
83 2
86 6
62 9
^9 6
>'l 5
7 6
9.3
S7
f.4
>3
8
92. 4
69. 7
~> > t]
9 2
94.5
71.8
22 8
9.5
93.1
71. 7
21. 4
13.4
93. 0
73.6
19.4
10.6
91. 2
74. 2
17.0
17 2
90. 2
73. 0
17.3
6. 7
90. 9
72. 6
18.3
4
92. 9
73. 2
19.7
3. r>
4 1
4 1
4 2
1 V) 0
i' 1
(M 2
MS 7
71 4
* ' }
... bil. $
Personal consumption expenditures, total
Fixed investment
Nonresidential..
... . _
K c s i d e i i t n l s t r u e t u r t s__
Change m business imentones
581. 1
do
do
do
do
Gross national product, totalf
.
___
do
Go\ t purchases of goods ( md si r\ ices, t o t a l do
Foderil
_.
.
"do """
^ t a t e ami lor \\ . _ __
do
8. 3
111.2
58 1
53 2
60
114 3
57 8
56 4 •
20 ~>
12. 6
44
i:4 5
hi. 7
59 9
23 0
8.4
7.9
5. 2
6 8
0 4
5.6
5.4
4.8
4.1
3 2
I
no '
111 3
56. 3
5" 0
11J 9
IB 3
58 5
117.4
59 3
58 < )
119.9
61 2
58 7
122 7
63 4
126 f)
66 4
(0 1
129 t
t>7 8
hi '5
p'101
o M ,* 1
for p< i
separ,
It ""'
11!
53 8
"3 5
HrM n od
r Pnlmiinarx
tKeuHvl ^nes 1fstimatf ' of i, itiMiJ i ICOHH
IK!
p > o d m t M M ! p n ^ o u a l i i u o i m h i \ ( b u n n \ i s t d (see P 13 IT ( f t h t I . l U J « ) r > ' ,
foi
data beginning 1964, for data prior to 19b3, see p 11 f ! of the July I960 S i R V L 1 ); rru'i
r
9
r
>
4
0
"n 1
5") *>
. I S O ' ,)l
L
O i l p- IS
>p< M 01
1! of th e Juh 11
p
21 < f
\
i
h i <)
f
' \ '\ n i ' i i
1 it i no i f \ n
S-l
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
Annual total
1966
1964
IV
November 1967
1966
1965
I
III
II
IV
I
II
1967
IV
III
I
II
III
IV
GENERAL BUSINESS INDICATORS— Quarterly Series— Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
544.9
562.4
530.4
616.7
518.1
National income totalt
bil $
Compensation of employees total
do
365.7
393.9
435.7
375.8 381.5
347.7
359.1
342.7
Wages and salaries, total
do
333.7
394.6
Private
.
do
269.4
316.7
276.5
280.8
289.8
12.1
11.8
Military
do
14.7
11.9
11.7
57.1
63.2
55.1
Government civilian
do
54.3
52.6
32.0
41.1
33.8
Supplements to wages and salaries _ do
34.9
33.1
56.7
55.0
Proprietors' income, total 9
. _
do
52.3
59.3
53.3
41.4
Business and professional 9
do
40.2
41.9
43.2
40.6
Farm
_ _ -_
_
do
12.1
13.6
14.8
12.6
16.1
19.0
Rental income of persons
_ _ _
do
18.0
19.4
18.4
18.6
Corporate profits and inventory valuation adjust66.4
82.2
72.6
ment, total _ _
bil $
66.3
74.9
By broad industry groups:
8.2
8.4
8.0
Financial institutions
do
7.9
9.3
58.4
66.5
58.5
64.4
Nonfinancial corporations total
do
72.9
Manufacturing, total
do
32.7
38.7
32.4
37.5
43.1
18.7
15.9
Nondurable goods industries
do
14.9
16.5
15.3
22.2
24.4
17.2
21.6
Durable goods industries
do
17.8
Transportation, communication, and public
10.1
11.2
utilities
bil $
11.9
10.6
10.3
All other industries
do
15.5
16.6
18.0
15.7
16.3
74.0
Corporate profits before tax, total
do
66.8
76.6
67.4
83.8
Corporate profits tax liability
do
31.4
30.3
28.3
34.5
28.6
Corporate profits after tax
do
38.4
43.7
45.2
49.3
38.8
Dividends do
18.7
17.8
19.8
21.5
18.3
25.4
25.0
Undistributed profits
do
20.6
27.8
20.5
Inventory valuation adjustment
do
-.5
-1.4
-1.7
-1.0
-1.6
Net interest .
do
15.8
17.9
20.2
17.1
16.6
DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income, total...
bil $
497.5
584.0
537.8
510.5
520.3
Less: Personal tax and nontax payments.
do
59.4
75.2
65.6
64.3
60.9
Equals: Disposable personal income
do
438.1
472.2
508.8 449.6 456.0
Less: Personal outlays© ..
do
411.9
445.0
479.0
420.1
431.6
Equals' Personal saving§
do
26.2
27.2
24.5
29.8
29.5
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
bil $
44.90
10.79
51.96
12.84
60.63
Manufacturing _ _
do
18.58
4.54
22.45
5.59
26.99
Durable goods industries
do
9.43
2.83
2.25
11.40
13.99
Nondurable goods industries
do_
9.16
2.76
2.28
11. 05
13.00
Mining
do
1.19
.33
.29
1.47
1.30
Railroad.
do
1.41
1.9S
.35
.39
1.73
Transportation, other than rail
do
2.38
3.44
2 81
.64
.58
Public utilities
_
do
6.22
8.41
1.32
1.76
6.94
Communication
do
4.30
5.62
1.17
4.94
1.08
Commercial and other
do
10.83
12.74
2.59
3.01
11.79
Seas. adj. qtrly. totals at annual rates:
All industries
do
47.75 49.00
Manufacturing
do
20.75
20.15
Durable goods industries
do
10.15
10.40
Nondurable goods industries
do
10.00
10.40
Mining
.
do
1.30
1.25
Railroad
do
1.55
1.75
Transportation, other than rail
do
2.55
2.60
Public utilities
do
6.35
6.80
Communication
do
4.40
4.55
Commercial and other
do
11.40
11.30
U.S. BALANCE OF INTERNATIONAL
PAYMENTS^
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants)
mil $
37, 099 39, 147
9,565 8,768
43, 039
Merchandise, adjusted, excl military
do
25, 297 26,244 29, 168
6,587
5,628
Military sales
do
747
210
844
198
847
Income on U.S. investments abroad
do
1,322
5,389
1,499
5,888
6,245
Other services
do
1,431
5,666
1,458
6,171
6,779
Imports of goods and services
do
-28, 637 -32, 203 -37, 937 -7,440 -7, 232
Merchandise, adjusted excl military
do
-18, 621 21 472 -25, 510 -4,907 -4, 669
Military expenditures
do
-671
-691
-2, 861 -2, 921 -3, 694
Income on foreign investments in the U.S._do
-401
-1,455 -1, 729
-2, 074
-380
Other services
do
-1, 462 -1,491
-5,700 -6, 081 -6,659
Unilateral transfers, net texcl. military grants);
transfers to foreigners ( — )
mil $
-664
-680
-2, 782 -2, 824 -2,925
Transactions in U.S. private assets, net; increase
(— )
mil $
-6,542 -3, 743 -4,213 -2, 104 -1, 657
Transactions in U.S. Govt. assets, excl. official
reserve assets' increase ( )
mil $
-396
-1,674 -1,575 -1,531
-579
Transactions in U.S. official reserve assets, net;
increase (-)
mil. $__
842
-151
171
1, 222
568
Transactions in foreign assets in the U.S., net (U.S.
286
1,724
liabilities); increase (+)-- ._
mil. $
3,314
3,301
391
Liquid assets
do
-24
1,485
789
2,629
113
Other assets
do
310
2,512
239
685
278
53
Unrecorded transactions.. _ __
do
-302
-335
-415
-949
Balance on liquidity basis—increase in U.S. official
reserve assets and decrease in liquid liabilities to
all foreigners; decrease (-)
mil. $... -2,800 -1, 335 -1,357 -1,334
-818
Balance on official reserve transactions basis— increase in U.S. official reserve assets and decrease in
liquid and certain nonliquid liabilities to foreign
-834
official agencies; decrease (-)
mil. $_ _ -1,548 -1,304
-618
225
r
Revised.
* Preliminary.
1
si ness,
Estimates for July-Sept. 1967 based on anticipate capital expendit ures of bu
>d
2
Estimates for Oct.-Dec. 1967 based on anticij)ated capital expe nditures of busin ess.
Anticipated expenditures for the year 1967 are as folk>ws (in bil .$):Alliiidustries, 62.03; meinufacturing, total, 27.31; durable goods industries, 14 10; nondiirable g<30ds indu stries, K .21;
mining, 1.48; railroad, 1.57; transportation, 3.92; pulblic utiliti es, 9.41; commerci al and o ther
(Incl. communication), 18.34.
» Includes commuE ication.
555.3
388.6
354.2
286.2
11.7
56.3
34.5
56.7
41.7
15.0
18.9
566.5
397.2
362.0
292.1
12.1
57.8
35.2
57.2
42.0
15.2
19.1
582.8
408.4
372.4
300.0
13.1
59.4
36.0
57.8
42.5
15.3
19.2
600.3
420.8
381.3
306.9
13.6
60.7
39.5
60.0
42.8
17.1
19.2
610.4
430.7
390.2
313.8
14.2
62.2
40.5
59.3
43.3
16.0
19.3
622.1
441.2
399.6
320.1
15.1
64.3
41.6
59.2
43.3
15.9
19.4
634.1
450. 2
407.4
326.1
15.8
65.6
42.7
58.6
43.4
15.1
19.6
636.4
459.1
414.7
331.4
16.1
67.3
44.4
57.8
43.2
14.6
19.8
641.6
463.4
418.3
333.2
16.2
68.9
45.2
57.8
43.4
14.3
20.0
p 653. 6
' 472. 6
' 426. 2
' 339. 4
16.3
70.6
'46.4
58.8
43.8
15.0
20.2
73.4
74.9
78.7
81.1
81.3
81.9
84.6
78.1
78.3
P79.3
8.4
65.0
37.7
16.0
21.6
8.4
66.5
38.6
16.5
22.1
8.6
70.0
41.0
17.4
23.7
8.9
72.2
42.7
18.3
24.3
9.0
72.2
42.5
18.5
24.0
9.5
72.4
42.7
18.8
23.9
9.6
75.0
44.4
19.2
25.3
9.6
68.5
39.6
18.4
21.1
9.5
68.8
38.9
17.8
21.1
P9.8
P69.5
10.9
16.5
75.6
30.9
44.6
19.4
25.2
-2.1
17.6
11.2
16.7
75.8
31.1
44.8
20.2
24.6
-.9
18.2
12.0
17.0
80.8
33.1
47.7
20.9
26.8
-2.2
18.8
11.7
17.8
83.7
34.5
49.2
21.4
27.8
2.6
19.3
12.0
17.8
83.6
34.5
49.2
21.6
27.6
-2.3
19.8
11.8
17.9
84.0
34.6
49.4
21.6
27.8
-2.2
20.4
12.0
18.6
83.9
34.6
49.3
21.2
28.2
.7
21.1
11.7
17.3
79.0
32.5
46.5
22.2
24.2
11.9
18.0
78.9
32.5
46.5
23.1
23.4
-.7
22.1
530.1
66.1
464.0
439.9
24.0
544.6
65.2
479.4
448.5
30.9
556.1
66.7
489.4
460.1
29.3
567.8
70.4
497.5
470.9
26.6
577.3
74.1
503.3
474.6
28.7
589.3
76.9
512.4
483.2
29.2
601.6
79.6
522.0
487.4
34.6
612. 9 ,
80.2
532.7
493.9
38.8
619.1 ' 631. 0
79.1
82.8
540.0 r 548. 2
504.0 '509.6
36.0 '38.5
12.81
5.47
2.76
2.70
.33
.44
.77
1.71
1.24
2.85
13.41
5.73
2.91
2.82
.32
.44
.72
1.88
1.22
3.10
14.95
6.72
3.48
3.24
.35
.46
.73
2.04
1.41
3.25
12.77
5.61
2.87
2.74
.33
.40
.75
1.60
1.26
2.83
15.29
6.78
3.51
3.27
.40
.55
1.00
2.09
1.42
3.06
15.57
6.84
3.54
3.30
.37
.48
.82
2.36
1.36
3.33
17.00
7.75
4.07
3.68
.38
.55
.86
2.36
1.58
3.52
13.59
6.10
3.08
3.02
.32
.41
.70
1.84
1.35
2.87
15.61
6.81
3.46
3.34
.34
.41
1.12
2.46
1.49
2.99
U5. 77 2 17. 06
6.72
7.69
3.44
4.12
3.28
3.57
.39
.42
.37
.37
1.05
1.06
2.61
2.51
50.35
21.55
10.80
10.70
1.30
1.55
2.70
6.85
4.80
11.60
52.75
23.00
11.75
11.25
1.25
1.70
3.00
6.75
5.05
11.95
55.35
24.15
12.45
11.70
1.35
1.95
3.00
7.30
5.30
12.25
58.00
25.60
13.15
12.45
1.40
1.75
3.30
8.25
5.35
12.35
60.10
26.80
13.85
12.95
1.55
2.00
3.50
8.30
5.50
12.45
61.25
27.55
14.35
13.20
1.45
1.85
3.40
8.55
5.60
12.85
62.80
27.75
14.50
13.25
1.45
2.35
3.50
8.50
5.95
13.30
61.65
27.85
14.20
13.70
1.40
1.80
3.05
9.20
5.75
12.55
61.50
27.00
13.75
13.25
1.30
1.55
3.90
9.70
5.80
12.25
162.50 2 62. 65
27.10
27.35
13.95
14.50
13.15
12.90
1.55
1.60
1.45
1.45
4.40
4.35
9.10
9.65
10,511 10, 618
7,203
7,181
209
222
1,469
1,535
1,630
1,680
-8,997 -9, 265
6 025 -6, 225
-861
-911
-475
-471
-1, 636 -1,658
10, 913
7,382
206
1,587
1,738
-9, 762
-6, 580
-953
-565
-1, 664
10, 997
7,402
210
1,654
1,731
-9, 913
-6,680
-969
-563
-1, 701
11,383
7,691
339
1,585
1,768
-10,034
-6,692
-1,045
-557
-1,740
-709
-632
10.180 10, 080 10,119
6,811
6,925
6,880
212
192
230
1,353
1,474
1,562
1,565
1,629
1,546
-8, 139 -8, 233 -8, 599
-5, 475 -5, 556 -5, 772
-754
-785
-711
-424
-435
-469
-1, 529 -1,488 -1, 573
Q
2L 6
P80.1
P33.0
P47.2
23.4
p23. 7
--.8
'22.7
34.63
35.01
3 18. 30 3 18. 70
pll,338
p 7, 723 p 7, 670
r> 334
p 1, 550
p 1, 731
p-10,038
p-6,587 p-6,544
p-1,052
p -545
p-1,854
-728 p-787
-775
-725
-660
-851
-733
-389
-885
-812
-981
-1,135
-490
-244
-445
-365
-500
-328
-338
-741 p -534
68
41
271
424
68
82
~6
1,027 p -419
-342
-267
-75
-113
211
416
-205
-245
236
-12
248
-110
492
227
265
-233
1,145
54
1,091
-198
459
83
376
277
1,205
425
780
-148
335 p 2, 222
p931
-489
824 p 1,291
-284 p-576
-457
-259
-122
-165
-419
-538
199
£ri
-932 -1,165
-958 p-1,130
p-512
p-670
P462
-18 -1,827 p -814
-443
-175
861
-916
207
239
tSe e corresp ending n ote on p. S-l.
9Tiicludes iiiventory valuatio n adjust]nent.
ep ersonal (>utlays c om prise personal consum ption ex penditur 33, intere st paid by consume rs, and p ersonal t "ansfer p ayments to foreigrlers.
§Pe rsonal sa ving is e scess of c isposable income over pers onal out ays.
cfJV Lore com Dlete deta ils are ghren in the quarter y review 3 in the IVIar.,Jun e, Sept., a nd Dec.
issues of the SiJRVEY; q uarterly revisions back to ; 960 are o a p. 22 ff of the Se pt. 1967 £ URVEY.
SURVEY OF CURRENT BUSINESS
November 1967
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
Annual
S-3
1967
1966
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct. v
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCEf
Seasonally adjusted, at annual rates: f
Total personal income. _
r
631. 6 '634.4
636.0
537.8
584.0
594.1
597.5
602 1
605.0
610.4
612 6
615.6
616.5
618.2
622.6
627.0
359.1
144.5
115.6
86.9
394.6
159.3
128.1
93.9
401.9
162.2
130 8
95 0
404.8
163.2
132 1
95 9
407.6
164.1
132 8
96 5
410.0
164.9
132 8
97 2
413.8
166.2
133 7
98 4
414.2
165.2
132 7
98 6
416.2
165.6
132.9
99.1
416.7
165.0
132.5
99.1
417.2
164.3
132.2
99.3
420.9
165.2
133.0
100.4
423.4
166.1
133.2
101.3
426.7
168.0
135.3
101.8
' 428. 5
'168.2
' 135. 4
' 102. 1
429.4
167.8
134.8
102.5
do
do
_ do
58.3
69.3
18.6
63 5
77.9
20.8
64 7
80.1
21.3
64 9
80 8
21.4
65 6
81 4
21.7
65 9
82 0
21 9
66 4
82 7
22. 1
66 9
83 4
22 2
67 6
84.0
22.4
68.2
84.5
22.6
68.6
85.0
22.8
69.5
85.7
23.1
69.6
86.4
23.3
70.1
86.9
23.6
'70.8
87.4
23.8
71.2
87.9
24.0
do
do
41.9
14.8
43.2
16.1
43.4
15.8
43 3
15.0
43 5
15 1
43 5
15.3
43 3
15.0
43 2
14.6
43.1
14.3
43.3
14.4
43.4
14.4
43.6
14.3
43.7
14.7
43.8
15.0
43.9
15.3
44.0
15.1
19.0
19.8
38.4
39.7
19.4
21.5
42.4
43.9
19.4
21.7
43.3
45 8
19.5
21.6
43.8
46 6
19 6
21 6
44.3
47 4
19
20
44
48
19 7
21.8
45.0
49 7
19 8
22 3
45.2
51 1
19.9
22.6
45.5
51.7
20.0
22.8
45.8
51.0
20.0
23.1
46.0
51.5
20.1
23.3
46.1
51.6
20.2
23.5
46.4
52.2
20.2
23.5
M6.9
52.4
20.3
23.4
'47.3
'52.5
20.3
23.2
47.7
52.8
bil. $
Wage and salary disbursements, total
do.._
Commodity-producing industries, total-do.,.
Manufacturing
do
Distributive industries
do
Service industries
Government .
Other labor income
Proprietors' income:
Business and professional
Farm
Rental income of persons ..
do
Dividends
_
do
Personal interest income
do___
Transfer payments
do
Less personal contributions for social insurance
bil. $..
Total nonagricultural income
-do
7
2
8
5
13.4
17.9
18.4
18.6
18.7
18.8
20.0
20.0
20.1
20.1
20.1
20.3
20.4
20.6
20.6
20.6
518.4
563.1
573.4
577.5
581.9
584 8
590.2
593.0
596.2
596.9
598.8
603.2
607.2
611.4
' 614. 0
615.8
41, 547
46, 485
4,990
5,553
4 911
3 940
39 095
17, 250
21, 845
5 022
12 951
3 571
43 219
18 384
24, 835
5 502
14 890
4 134
4 025
1 790
2 235
463
1 369
390
5 067
2 705
2 362
478
1 479
395
4 818
2 659
2 159
459
1 302
388
3 889
1 865
2 024
480
1 157
361
3 802
1 728
2 074
489
1 227
321
2 757
916
1 841
452
1 088
263
2 848
842
2 006
502
1 166
306
2 682
828
1,854
493
1 052
270
2 825
743
2,082
529
1, 226
291
3,236
1,245
1,991
497
1,178
295
3,335
1.405
1,930
474
1,127
316
3,654
1,515
2,139
466
1,323
338
3,953
1,778
2,175
459
1,358
346
121
125
118
134
134
134
150
156
145
189
236
153
179
232
140
145
163
131
r 141
151
132
103
80
120
106
73
130
100
72
120
105
. 65
135
120
109
129
'124
122
125
'136
132
139
pl47
155
141
118
119
118
121
121
120
132
137
128
170
213
138
168
219
130
138
160
122
135
r 153
122
94
73
110
T 97
62
123
91
55
r 95
r H7
113
100
122
' 118
121
116
pl29
129
129
P139
148
131
' 156. 4 ' 156. 6 ' 157. 0 ' 157. 9 ' 156. 0 ' 159. 0 ' 150. 5 '158.0
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 and products
do
Indexes of volume of farm marketings, unadjusted:}:
All commodities
1957-59—100
Crops
do
Livestock and products
do
r
'3 865 '2 969 ' 3, 086 2, 776
' 2, 858 ' 3, 259 ' 3, 441 4,477 *4,842
52
127
INDUSTRIAL PRODUCTION &
Federal Reserve Index of Quantity Output
' 161. 0
160.4
145 0
148.4
140.8
114.8
160.9
158 6
164 8
150.8
120 5
173 9
163 6
169 0
156 8
123 1
166 9
172 9
159 4
124 5
163 1
169 7
154.7
122 0
158 8
167 8
147 6
122 6
157 8
164 5
149.4
121 4
158 4
163 4
152 1
121 9
158 9
164 4
152.1
120 1
160 3
164.9
154.4
122 1
158.1
164.1
150.6
121.8
161.0
165.6
155.3
123.9
150.5
154.7
145.1
124.8
158.4
159.1
157.5
128.8
162.4
163.7
160.9
126.5
162.7
163.8
161.4
123.8
142.5
140 3
159.9
134 1
147.0
155 5
147 5
166.5
141 4
172.6
161 3
153 6
165.8
149 7
177.7
164 7
157 9
184.9
149 2
179.5
160 1
151 4
176.9
143 3
178.8
157 2
145 4
168.7
138 0
182.4
157 0
145 9
160.6
141 3
180.7
156 8
145 8
157 2
142 1
180.4
157 2
146 2
160.1
141 8
180.8
157 7
147 1
161.8
142 5
180.3
155.2
144 2
157.8
139 8
179.0
159.8
150.5
162.0
146.8
180.0
151.2
139.9
132.9
142.2
175.3
156.8
147.7
137.3
151.0
176.4
162.8
155.3
161.0
161.8
154.6
165
179.0
177.2
do
do
do __
144 2
144.3
144.1
157 0
156 9
157.2
161 3
162 0
160 7
162 8
162 8
162 8
160 0
158 8
161.3
155 9
152 2
159 7
156 7
151 9
161 7
158 1
152 5
163.9
156 6
152 5
160.9
158.3
154.3
162.4
150.0
145.0
155.2
159.0
152.8
165.5
159.3
152.4
166.5
159.6
152
167
do
143.4
156 3
r 158 1
r 159 4
156 6
154 5
158 7
159 1 r 159 5
156. 5
' 155. 6
' 156. 6 ' 158. 2 ' 156. 7
156.2
do
145 0
158 6
160 4
161 8
158 2
157 2
Unadj., total index (incl. utilities) d"-- 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
do
do
...do
do
do
Materials _ _ _
Durable goods materials
Nondurable materials
Seas, adj., total index (incl. utilities) d*
By industry groupings:
Manufacturing, total
.
.
Durable manufactures 9
- Primary metals
Iron and steel
Nonferrous metals and products
Fabricated metal products
Structural metal parts..._-_
Machinery
Nonelectrical machinery
Electrical machinery
Transportation equipment 9
Motor vehicles and parts
Aircraft and other equipment
Instruments and related products
Clay, glass, and stone products
Lumber and products
Furniture andfixtures._ .
Miscellaneous manufactures
Nondurable manufactures
Textile mill products
Apparel products
Leather and products..
Paper and products
-do
do
do
do
.do _.
do
143.4
' 156. 3 '161.3
148 4
137 6
133 6
1*12 2
147.8
145 4
164 8
142 7
136 2
166 2
163 0
158 8
do
do
do
do
do
do
160 5
160 4
160.6
149 2
175 2
125.3
do
..do
do
do
do
151 4
133.5
117 4
157 4
146 0
do
do
.do
do
do
167 2
146 6
139 0
-ice q
' 163. 7 ' 160. 1 '156.9
T
161 5
167 7
140 5
132 4
160 1
158 5
156. 4
158 2
189 8
188 2
191.8
170 6
165 8
174 6
190 3
190 4
190.2
169 1
163 7
173 7
190 3
190 7
189.7
162 6
147 2
176 0
181 8
139 5
112 3
173 2
158 7
183 2
139 2
111 8
175 6
158 5
184 6
138 1
186 2
137 2
190 0
188 6
191.9
166 3
160 1
171 1
176 5
140 7
119 4
171 9
157 9
179 5
139 7
111 0
173 2
158 4
nO Q
175 2
160 9
m
7
172 1
160 3
177 5
181 3
172.4
169 3
154 5
181 8
180 0
182 2
177.1
170 8
156 7
182 6
182 8
182 6
183.2
171 9
158 0
183 6
181.6
181.0
182.4
159 4
129.4
184.5
179
177
181
159
128
186
185 3
134 8
184 1
133 5
114 9
166 3
156 7
182 9
134 1
115 5
162 7
155 4
183 2
136 9
109 2
164 8
154 9
184.3
138.5
111 3
166 6
156 4
185
139
185 2
136 0
191 1
189 9
192.6
172 6
171 2
173 7
183 8
181 9
186.4
166 9
168 7
165 0
170 6
157 1
-1 CO
m
I
o
166 5
158 2
11Q 1
166 5
159 2
157.6
180 5
181 7
178.9
167 5
152 0
181 4
185 8
134 9
165 0
160 9
158.0
160 8
156 4
183 4
136 9
166 7
160 7
159.5
161.0
131.2
127.0
145 6
156.6
156.2
182 1
183 5
180.3
165 7
149 5
179 8
168 7
161 4
Ifil 7
157.6
163.8
130.3
125 6
144 4
159.0
156.8
184 5
185 2
183.6
162 6
143 8
178 8
164 7
160 2
157.0
162.5
129 6
122 3
155 3
159.8
156 1
186 8
187 3
186.2
157 5
136 5
175 6
162 6
129 2
123 7
155. 6
161.5
129 0
121 2
156 4
160.8
156 9
162 9
160 1
162 9
131 9
124 8
r
160.3
132
127
162 2
128 9
122 9
165 5
132 6
124 9
163 1
158 6
T
162 5
129 1
122 7
i fii d.
161 0
158 1
167 7
137 6
130 1
168 9
145 0
137 6
TAR i
164 2
159 0
140 8
150 8
152 8
151 9
153 6
134.9
142.5
141.9
141.7
141.8
145 1
150 1
150 7
151 6
152 3
108.2
111 7
109 9
113 9
110 8
142.3
152.1
151.2
153.3
153.7
'Revised, p Preliminary. tSee corresponding note on p. S-l. t Re vised series. Dollar
figures and indexes of cash receipts and volume of marketings revised beginning 1963; data
for 1963 and Jan. 1964-May 1966 appear in the Dept. of Agriculture publications, Farm In-
161 7
r isg 2
156 5
151 5
161 7
T isg e '
-I R A
m
A
e
166 5
158 1
158
157
166
155
154 3
154 1
154 3
151 4
154 1
151 5
153 4
152 6
151 1
152 9
152 8
141.2
141.7
136.8
138.5
140.7
137.8
136.6
138.9
138.8
137.8
159 2
142 6
142 4
146 1
150 2
144 2
147 1
143 6
142 5
106 2
111 1
107 7
105 4
103 7
101 0
105 0
103 0
107 1
149.0
152.7
15L4
152.8
152.6
152*. 5
152'. 4
152.4
152. 1
151.6
come Situation, July 1966 and July 1967. 9Includes data for items not shown separately,
d" Revisions for 1964 and 1965 will be shown later; those for 1966 appear on p. 20 of this issue of
the SURVEY.
SURVEY OF CURRENT BUSINESS
S-4
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1967
1966
1986
Annual
November 1967
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept,
Oct.p
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION^— Continued
Federal Reserve Index of Quantity Output — Con.
Seasonally adjusted indexesd"— Continued
By industry groupings— Continued
Nondurable manufactures— Continued
Printing and publishing
1957-59 = 100__
Newspapers
do
Chemicals and products
do
Industrial chemicals
do
Petroleum products _ __
do
130.3
194 2
173.4
196. 3
123.5
142.1
134. 2
193.2
221.0
128.3
144.3
139.1
196. 1
226.3
130.6
144.1
135.7
197. 1
223. 6
131.2
144.7
135. 2
200.6
229. 7
129.1
143.7
133.2
201.0
231.7
129.0
145.5
133. 7
200. 3
231.6
128.7
145.8
135.7
202.5
145
146.1
134. 8
200.6
230.9
127. 4
147.4
132.8
201 . 1
231.3
130, 1
148.3
133.8
200.1
228.3
133.1
147.4
133.1
199.6
228. 8
132.1
147.8
134.3
199.9
227.5
134.4
148.3
136.1
201.0
227.6
132. 8
148.6
137.0
200.7
231.5
132.4
186.9
133.1
130. 6
146.3
116.0
165. 7
132. 0
130,3
141.2
117.4
166, 9
131.9
129.9
142.9
123.9
170.1
131.5
129.4
142.8
123.6
205.9
131.9
129. 2
146 3
121.3
1 20. 2
120.1
119.6
132.9
129. 2
123.8
122. 5
121.6
123.6
133.9
133. 3
128.0
122.6
129.1
133.9
119.7
133,7
127. 6
117.2
130.8
137. 6
105.8
136.6
125.2
113.9
128.9
135. 0
98.3
136.1
121.4
118
123
127
136.9
120.3
191.9
128. 7
126.6
139. 9
120. 0
197.0
128.7
127. 0
137.9
120. 5
199. 9
129.5
127. 1
142. 4
116.9
201.6
129.9
127. 5
142.5
117.2
200. 7
132. 1
130. 2
142. 4
119.3
195.1
132.0
130 4
140. 8
118.5
191.6
132.4
130.3
143.9
120. 2
188.4
132.3
129.7
146 1
116.2
do
do
do
do
do
do
114.8
113.3
112 3
111.9
124.2
126,5
120.5
117.0
118.0
119.3
133. 4
133.5
121.1
116.2
119.5
191 3
128.8
133.5
121.9
122. 7
119.6
191 1
129.8
130.3
191 6
117.0
119.6
190 8
133.7
133.4
193 8
127.6
119.4
19() 8
136.1
139.3
123 2
120 7
119.7
I9 1 0
140.3
138. 7
122 4
115.7
119.6
190 0
142. 1
136. 6
191 5
115.1
118.1
120 1
137.2
122.0
125.5
117.1
119.6
149.5
130.6
do
do
do
160.9
165.6
146 C)
173.9
179.6
156.1
178.0
184 2
158.6
178.9
185.1
159.2
178.5
184. 6
159.6
179.4
185.6
160.0
180.6
187. 2
180.5
186. 9
181.9
188.8
182.7
189.9
182 7
189! 7
183.2
190.3
184.1
191.4
185.1
192.6
1 85. 0
185.5
do
do
do
142. 5
140.3
159.9
1 55. 5
147.5
166.5
156.6
146.9
161.0
158.7
149.3
169. 4
159.0
149.2
166.7
159.6
149.8
165. 8
158.1
148.0
159.3
157.0
146. 1
152.4
157.1
1 46. 6
1 55. 2
157.3
147.1
155.8
156.3
146.0
153.3
156.8
146. 9
154.3
157.1
147.1
156.4
158.2
148. 6
162.4
156.8
146.9
153.9
156.3
146.9
154
Automotive products, _ _ _
do
Autos. __
_ .
do
Auto parts and allied products__.do
Home goods 9
do
Appliances, TV, and radios
do
Furniture and rugs
do
167. 2
182.6
140.8
1 54. 8
1 52. 3
154.3
163.0
169.5
154.4
168.9
166.6
165. 7
150.7
148. 6
153.5
168.1
164.8
165. 9
168.5
177.8
156.2
170.0
170.2
164. 4
162.8
1(56. 7
157.8
169.4
166.3
164. 7
162.6
167. 3.
1 56. 4
168.1
160.2
163. 5
147.0
141.3
154.4
168. 0
160. 5
163.4
135. 7
120 5
155.7
164. 1
156. 9
158.5
144,6
136. 5
1 55. 3
162,7
15'-. 9
157.4
151.3
149.6
153.6
158.9
144.2
157.9
145.8
149. 9
140.5
158. 5
143.8
1C7.2
151.2
1 56. 0
144.8
156.6
138.6
157.3
155.2
160,7
148. 0
157.3
143.3
156.3
161.1
163. 7
157.8
163.4
155. 0
156.9
140.0
133.4
148.6
163. 7
155.5
157. 9
140
135
Apparel and staples
do
Apparel, incl. knit goods and shoes.. do
Consumer staples
do
Processed foods
do
134.1
134. 5
134.0
142. 5
138.8
143. 5
197 8
142. 9
139.0
144. 0
195 9
143.7
139.8
144.8
197 9
141.9
140.7
145.8
130.0
144.4
139.9
115.7
130. 4
144.1
137.1
146.1
130. 2
143.9
135. 5
146.3
129. 6
144.4
135.0
147.1
129. 6
143.7
131.9
147 0
130.3
144. 6
133.2
147.8
130.2
144.1
132.8
147.3
129. 0
144. 2
134.6
146. 9
130. 0
147. 2
130.0
148
J09 2
141.4
139.5
142.0
196 4
Beverages and tobacco
do
Drugs, soap, and toiletries
do
Newspapers, magazines, books. _ _ d o
Consumer fuel and lighting
do
1 27. 2
157. 0
127. 0
149.4
1 33. 2
173.5
136.5
159.9
132. 0
174.9
136. 7
164.1
133.8
179.3
137.9
165.4
134. 0
180 7
138.8
163.5
134.6
180.1
139. 1
164.5
133. 3
179.2
141. 5
162. 9
135. 9
180. 5
142.3
162. 7
1 36. 0
181.2
142.3
164. 2
136. 1
182.4
143. 6
166. 6
133.2
ls2. 3
142.5
ICO. 9
1 36. 5
1SJ. 7
141.4
169.3
136.3
184.0
142.1
168. 3
137.9
178. 0
140. 9
168.4
181.2
137.3
Equipment, including defense 9
do
Business equipment
do
Industrial equipment
do
Commercial equipment
._
do
Freight and passenger equipment. .do
Farm equipment
do
147 0
1 56. 7
153.]
164.4
1 62. 4
148.8
172 6
181.2
172.3
190. 1
208. 3
167. 5
177.4
185. 7
177. 0
194. 8
209. 2
178.9
179.
187.
178.
195.
0
2
4
5
180.7
188.9
179. 1
196.0
220. 3
179.5
179.9
186.9
177.3
196. 7
214. 5
176. 1
180.3
186. 6
176.8
199. 8
21 5. 0
162. 6
179.6
1S4.4
174. 1
199. 1
211.7
1 62. 8
179.2
183. 5
172.1
201.7
210. 4
161.5
178. 5
182. 1
1G9. 1
200. 8
211.7
107.6
178.1
181.3
169. 0
200. 5
20S. 9
162.8
178.4
180.8
169.0
201 . 1
210. 2
148. 6
178.9
180. 6
166.8
201.9
214.1
154.0
178.0
179.1
165. 5
200. 8
210.7
176. 5
177
180.3
ISO. 0
187.8
178.1
198.4
216.9
170.7
do
do_
do
do
do
144.2
144.3
1 66. 8
151.9
133. 8
157.0
156.9
1 (56. 5
180.7
141.7
1 59. 6
159.1
169. 6
189. 1
140.0
159.7
1 59. 1
170.0
189. 7
138.7
1 59. 0
157.8
166.9
191.0
138.7
159.2
1 56. 8
1 58. 3
190.3
139. 9
157.9
154.2
148.6
190.6
138.9
155.8
151.3
142.8
186. 5
139. 2
1 55. 5
151.5
139. 5
185.6
139. 7
156.0
151.0
137. 5
183.2
139.2
154.6
149.7
143. 7
ISO. 9
137. 1
154.9
148.9
143.3
179.6
137.2
156. 1
149. 7
141.8
181.2
138.1
158,6
152.1
142. 7
186. 3
139.0
157.0
149. 0
135. 1
184.4
139. 5
156.6
149
do
do
do
.do
144. 1
136. 4
136. 6
136.4
157.2
149. 0
145.6
150.6
160. 1
151.7
146. 1
154.5
160.3
151.9
146.9
154.4
160.2
150.8
147. 2
152.6
1 61 . 6
152.8
151.1
153.7
161.6
1 52. 6
1 46. 6
1 55. 6
160. 4
151. 0
147.1
153.0
159.7
1 50. 0
144. 6
152.7
161.1
153.4
148.5
155.8
159.6
lod. 1
140.2
152.0
161.1
151.3
145. 1
154.4
162.6
1 50. 9
141.7
155.5
165. 3
152.3
143,0
156.9
165. 2
165
do
do
do
127.9
115.5
159.4
136.6
122.5
172.9
138.7
123.9
176.4
139.8
125.2
177.3
139. 0
123.9
177.3
140. 3
1 25. 9
177.5
140.4
125.0
180. 0
139. 6
123.6
180. 2
139. 8
123. 2
181.9
141.3
125.3
182. 1
110. 3
124.3
181. 0
143. 0
128 2
181. 1
147.7
135. 1
182. 1
149.1
136. 9
183. 2
147. 4
134. 5
3, 035,871 86, 775
87, 066
86, 699
87, 875
S7, 386
86, 299
87, 458
86, 833
87.611
'88, 549 r 88, 991 "89,295
88, 592
44,448
22, 750
21,698
Rubber and plastics products
Foods and beverages
Food manufactures
Beverages
Tobacco products
do
do
do
do
do
171.8
123.7
I 90 3
Mining
Coal
Crude oil and natural gas_.
Crude oil
Metal mining
Stone and earth minerals
Utilities
Electric
Gas
By market groupings:
Final products, totald*. . _
Consumer goods
Automotive and home goods
Materialsd*
Durable goods materials 9
Consumer durable
Equipment. Construction ....
Nondurable materials 9
Business supplies. _.
Containers ,
General business supplies
Business fuel and power 9 _ ...
Mineral fuels ...
Nonresidential utilities
130. r,
143.7
130.9
129.2
.
148. 5
156. 7
145
130
BUSINESS SALES AND INVENTORIES §
Mfg.
and trade sales (seas, adj.), totalft
mil. $..
1
954,336
1
Manufacturing, total. __ .
Durable goods industries
Nondurable goods industries
do
do
do
! 483,343 i 528, 448
252, 242 276, 069
231,101 252. 37!*
44, 091
22, 971
21,120
44, 487
23,451
21,036
44, 393
23.237
21,156
45,511
23, 715
21,796
44, 460
23, 060
21,400
43, 932
22, 622
21, 310
44, 866
23, 137
21,729
43, 943
22, 269
21, 674
44,945
22, 900
22, 045
44,888 '45,402 r 45, 675
23. 052 > 23, 192 'I>3,ri33
21,836 22,210 ? 22, 041'
Retail trade, total*
Durable goods stores
Nondurable goods stores
do
do
do
1283,852 i 303, 672
97,812
93,718
190, 134 205, 860
25, 703
8, 394
17,309
25, 550
8,276
17,274
25,610
8, 143
17,467
25, 368
8, 156
17,212
25, 6S7
8, 200
17, 487
25, 470
7,955
17,515
25, 739
8, 150
17, 589
25, 918
8,104
17,814
25, 897
s', 387
17,710
26, 544
8, 546
17,998
26, 444
8, 592
17, 852
Merchant wholesalers, totalt
Durable goods establishments
Nondurable goods establishments
do
do
do
'187,141 "' 203, 751
82,691
91 026
104, 450 112,724
16.981
7,514
9,467
17,029
7,574
9, 455
16,696
7, 372
9, 324
16,996
7, 539
9, 457
17,239
7, 501
9, 738
16,897
7, 488
9,409
1 6, 853
7, 350
9, 503
16,972
7,292
9,680
16,76!)
7, 246
9. 523
17,117
7, 495
9,622
17, 145
7, 503
9, 642
133,856 135,549
136,590
136,780
137,093 137,351 137,428
Mfg.
and trade inventories, book value, end of year
or month (seas, adj.), total}
mil. $_. 120,896
135. 549
130,839
132,392
77 897 74 SS4 7 i 78s 7n xQb
Manufacturing, total
_.
do
68 01 S
K
o or 47 %s 4S 3 >J 49,310
Durable goods industries
do.
42 324
7
7 8(>U
27 -lit) 27 4 i b 27 5Sb
Nondurable goods industries
do
2 ) 691
U ((r
Hb %1 ib 3 » 36 6s 0 36, 734
Retail trade, tot alt.
- do
Ib .11 Ib W I t ) iSl
I b -k
Durable uoods stores. . ._ ... .. . do
1 ( 1 1M4
1 41 ' 20 iJ
20,114 20 1M JO 15 i
N o n d u r a b l e roods tores
do
s
1 ' ( 00 1<> 9.4 JO JJ»
JO b91
M e r c h a n t v. h o K ^ a l r r - , t o t a l : _ _ _
do
1 . -/ i
Durable j , > - » d s < > ^ . i ' > H s l i n u n t s _ _
do
10 >~
11, H> 1 j 7~J 11 si-.
1J 11
S '(I?
s -$H>
S r,79
s H
N o n d u r u ' L -.rood •> ^Ublihhments
. do
/ 0'»"
r
^ v u (.( in i "lomhi 1 i oU
l ' c \ i^cd.
1 i '' t ] j ] i a v.
i B^ed en cu u l j u s U d d it
on p S--3.
'.Mnehide-- t i for • ' u u s n < > t y ho\\ n si-par i" K
5 Die f e r n . ' MM'I'I , h i r e includes nnh in tiiuf t t i ru ^ i i f 1 t r i d t h l l M l H >- u i \ ( 11 0 ru
us s h o w n 01, , .-- 1 c , \ < r d u ' a for all tyi»> of piuuiiur-s bi t i f i r m xnd lioni arm. Ur id
r
26, 422
S, 50S
17,' 914
26, 753
8, 731
18, 022
17, 198
17,391
7. 690
9, 701
r
r
r
r
9,' 6H6
r
137,076 137,405 !3S, 187 138,342
70s sO 330 SO i~^ sO 390 SO 897 si ro si 40t
_' 7bl)
216 51 :>93 T 1 "Si j 1 s09 52. 346 >_' 7S4
4QJ .s 737 ^ ' < ) * 1 JS r)Hl 28 nl JS S t i JS ' 4 0
f
r
,Jb 3b 236 , -56 J * y> Os7 1 -5 > 9 r -5t (Us V. I H
ob QJ4 3h 64*
1 "11
1 ) (n
1 ( b l H M'>
'4
14J i(> 033 I
16 491 16,31,'
3s i JO 203 i |, ; j JO 4J«) JO 44s _0 _ > Jl 4i_
20 4JJ *) jJ f )
i -9-5
i ) "> )
2<i ""*(
< ) ~~i2 2
) {«!
^ JO 7s > -0 ( x7 _ i > . ^ * 20 •)!!
11 9sl
12 0-jS 1J O'H 12. 0 t i
13 ^
1- 14o 12 0 « » K 1' •) 12 IrJ
1- 11
* f9
S { '(i
S
IS
* bl v
S 17 i
s> b23
S ~'»
- "54
s t,4'
s 640
v
ius d d t f r manu' t J u r i i c. a re showi 1 ( ll ) - -o thost for n t n 1 tr de r 11 p ^-11
t-d C"Ti p mdinj. n t on t f Q -ll
I <
R Morte r in * J P f (.HSU Bureau \ h o ' ^ i l e s in pk iis been
i ' tr t
11
f(
r ) \ the l<"4 ' t 1SI Of \ V h o l c s i L I r i d t r oinpira ble data
i to n f l. a
up '
i - j l > }f Hi N A l%b • 5 t R \ F \
[ nor Lu ^ t p t ij< ) p t
'1
77
r
O
27
V
If)
JO
897
0^7
S()0
Ohl
4n
l_j
7S SHfc
50 620
2* Jbb
"9 394
~>1 079
2^ 315
70
r
)i
js
46
!•
Jo
(
SURVEY OF CURRENT BUSINESS
November 1007
1965
Unless otherwise stated, statistics through 1964
edition of BUSINESS STATISTICS
1967
1966
1966
Annual
S-5
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Apr.
Mar.
July
June
May
Aug.
Sept.
Oct.
i
GENERAL BUSINESS INDICATORS—Continued
1
BUSINESS SALES AND INVENTORIES -Con.
Inventory-sales ratios:
Manufacturing and trade, total! t . ratio
Manufacturing total
Durable goods industries...
Materials and supplies
Work in process
Finished goods
Nondurable foods industries
Materials and supplies
Work in process
Finished foods
Retail trade total t
Durable goods stores
Nondurable goods stores.
!
1.4G
do
do
do
do
do
1.61
1.91
.59
.80
. 52
1
i
1
do
do
do
do
1.29
.50
.19
.60
do
do
do
Durable i-ood 55 industries total V
Si one, cla\, and elass products.
Primary metals. .
"Blast furnaces, steel mills
Fabricated metal products..
1,51
1 52 i
1.70 I
2 1)7 *
!
1,64
1.98
.59
.87
52
i
!
,
|
1.28
.49
.19
.59
1.40 |
1.86 l
1.17
1. 14 !
1.49 i
.87 |
Merchant wholesalers tot sit
do
Durable, goods establishments
do
Nondurable goods establishments
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sales:
Durable goods industries (unadj.), total... mil. $..
Shipments (riot seas, adj.), total
1.48
1 54
. 62 i
.63
1.31
.49
20
.62
1.31
,49
.20
.61
1.29
.48
.20
.61
1.30
.49
.20
.61
1.32
.49
.20
.62
1.43
2. 04
1. 15
1 . 46
2. 03
1.19
1.44 |
2. 01
1.17
1.44
2. 05
1. 16
1.42
1.98
1,16
1.40
1.98
1. 13
1.40
1.94
1. 15
1.36
1.K3
1.13
1.36
1.81
1.15
' 1.36
'1.82
1.35
1.80
,13
1.21
1.61
.90
1.22
1 . 61
.91
1.21
1.62
.89
1. 23
1.62
.92
1.24
1.65
.92
1. 22
1. 67
.89
1.23
1.65
.90
1 . 20
1 . 60
. 90
1.20
1.60
.88
r 1. 60
1 , 098
935
.60 |
1.44 !
1,99 !
1. 17
1.14
1.49
.85
1. 15 !
1.52 i
.86 j
1.17 '
1.55 |
.87 i
|
1,016
1,201
1,053
1,123
'982
1,034
44,808
46, 033
45, 256
45, 136
46,980 Ml, 188 -44,413
46,366
->3 i >~,
' ) «!X'>
I*')'!
^77
3. r.7"
l^^
2,094
21,395
S3.")
3, 632
1 . 889
1 918
23,062
'864
3,748
1 , 876
2,121
23, 946
928
3. 732
1,923
2, 187
23, 342
959
3, 681
1 , 892
2,116
23, 528
998
3,613
1,877
2,168
58()
'?:£?! 20, 943
3,717
3, 105
3,169
3, 1 49
5, S22
3,713
710
3, 626
3,419
6, OSO
3, 653
806
3, 752
3, 500
6. 505
3. S88
851
3, 733
3.177
(5,401
3, 915
829
3,647
3, 196
6, 609
4, 085
865
3, 869
3,531
6, S91
4. 178
929
20, 231
;v>»5
384
21,746
7, 490
398
22, 087
7,571
408
21,914
7,466
425
21 , 608
7, 629
411
7,'xil
471
1,
3,
1
1
787
14s
704
t 09
1,891
3, 342
1 , 745
1,086
1 , 928
3, 457
1.739
1, 138
1,839
3,648
1.759
1, 133
1,846
3, 503
1,746
] , 136
1.X91
3, 56,4
1 , K22
1 , 1 64
44,460
43,932
44, 866
43, 943
22,622
1,'013
Obi
3, 618
7>s
1,S02
' >0
135 2,214
23, 137
1,020
3,517
1,787
22. 269
927
3, 439
1,742
2, 080
3, 489
3, 435
6. 061
3. 529
845
3, 453
3, 222
5,912
3, 557
836
3,455
3, 323
6, 380
3, 875
876
21,729
7, 562
428
21,674
7,549
438
7
3 4 61
3.641
6, 537
4 250
S74
3, 270
3,540
6. 5S5
4,250
SSO
3,449
3 41'..
6. 477
4.1/17
917
Nondurable goods industries, total v .
do _
231,101
Food and k i n d n > d products..
do _ _ 80,678
Tnbaci o products
do .
4,864
Texlue mill products,.?
. . . . . . .do
19,31s
Pipf r *nd uMod products
!•>
19,385
' h t r u Is IP 1 iHied products
do
36,030
F( f r o ' i i in 1 coil pro h u t s
i>
19, 17s
KM. I ' M 1 pi i-tics proluct".
'o
11,653
.'52,37')
s7. 761
5.1.4
20,407
21 770
:tt t,7» - ,
20 - ' 7
12 "1
22, 16s
7, 516
41s
21,2S6
7, 35 4
433
20,51')
7.3ls
417
l.'jus
3 313
1 ~ ( <i
l,H6n
3, 077
1 . 733
1 ( OS
1.7-tJ
.' 933
T e x t i l e mill 1products -T ,
Paper and a he 1 products
Chemicals and tilled products
Petrole-im a n d coal products
Rubber and pustics products..
Inventories, end of year or month:
Book value (unadjusted), total—
Durable goods industries, total
Nondurable goods industries, total
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
' 440
1.S45
i.i*27
i, 375
1 743
1.07^
1 I'M
!
i r>\
] oyi
n 'ii
*4 4s-
2$^->7
_3 4-1
47 i
M 1 |
3 slJ
u Si 1 )
1 9Si
1 '* M,
' 0 is
> ISO
\
1
}
1
71')
008
SMJ
MS_
26"
23 0<iO
*i.4nS
3
3
(i
3
"A3
3sQ
26S
S90
3 < ( )2
i 1M
r
), ^1
9 sO
1, )\d
2,059
2 M1
i 122
r3 4H
> sr>
3 %9
s33
3
3
h
4
' .M
44 >
^H ( )
033
S47
44 T)3
s4")
831
11 156
7, t J 4
416
21 7')t,
426
21 400
7,3Hl
424
21,310
7, 370
420
1 880
,3 297
1 '^8
1,079
6, _'26
3, 8 r »3
^5b
21 03h
s41
21'*
7M
031
1 V 78
3 i f »l
l,t>V)
] 00 i
3 'hf>
1 71 ( )
1,111
41s
1
3
i
1
1
3
1
'
3, 485
3,336
5, 686
3,385
805
A, 1S<)
21. 120
« 3hO
4 iO
l.osS
1 MS
3 170
1 , 72s
1, J43
1, ! W
3 ftnS
1,856 "l,~878~
3, 325
3,378
1,722
1, 789
,,075
1, 106
"ii'sos"
3, 388
1 , 792
1,087
r
T 3, 401
1,814
' 2, 222
23, 363
1,104
3,477
1,829
2, 217
3, 272 - 3, 436
3, 028 r 3, 357
5, 168 r 5, 023
2, 782 - 2,463
- 926
832
3, 646
3, 604
5,615
3, 026
997
1,621
1,939
1,8*5
2,276
r
T
' 22, 089
r 1, 083
r
20, 60S -22,324
7, 352 - 7, 634
- 454
447
23, 003
8,097 --"
429
1 . 703
3, 283
1,811
1,010
- 1,918
- 3, 581
- 1,789
- 1,112
1,937
3, 735
1,801
1,126
44,945
44, S8K '45,402
45, 675
44,448
22, 900
914
3,434
1,791
2,092
23, 052 '23, 192
897
923
3, 581
3, 462
1,755
1.905
2, 093
2, 068
23, 633
- 959
- 3, 519
- 1,839
- 2, 092
22, 750
1.008
3, 447
1,804
2, 082
3, 587
3,468
6, 172
'3,561
933
- 3, 672
-3,423
- 6, 577
- 3, 900
-965
3. 663
3, 352
5, 777
3, 196
931
22. 210 - 22, 042
7,611 - 7, 695
-432
431
21,698
7,652
420
1,879
3, 616
1 , 838
1,126
- 1,870
- 3, 638
- 1,762
- 1,136
1,853
3, 524
1 785
1,088
4, 222
4,161
4,174
9,684 \ 9, 608
9, 659
5, 925
6, 026) ! 6,163
4, 324 ! 4,360 * 3, 999
3, 023 ! 3, 006 j 2, 979
17, 767 17,7)4 18,441
-4,021
- 9, 708
- 6, 223
-4,381
- 3, 150
-18,192
3,990
9, 536
6, 160
3, 654
3, 197
17,911
-1,826
- 3, 284
-4,775
1,795
3 229
4, 723
80, 628 -81,013
52, 194 -52,631
28, 434 -28,382
80, 897
52, 487
28,410
3,517
3, 35S
6. 465
3, S96
878
22, 045 ! 21,836
7, 728 I 7, 634
400
:
1,851
3,331
1,797
1,124
441
1,803
3. 432
1,811
1 , 085
r
2 44, 909
2101,305
2 60, 300
2 50, 403
: 2 37, 543
2188,883
! 3 49, 609
^ no. 451
: i 67, 889
: 2 52 045
2 38 977
2209', 477
4, ] 62
9, 337
5, 753
4, 054
3, 205
17, 580
4,162
9. 1 38
5, 943
4. 494
3, 086
17, 664
4,196
9, 263
5, 797
4, 355
3,146
17,636
4, 226
9. 597
5.946
4, 399
3,211
18,132
4, 185
9, 344
5, 718
4, 052
3, 264
17, 897
4, 128
9, 346
5, 703
3, S44
3,253
17,658
4,247
9, 532
6. 000
4,004
3. 297
17, 786
4,078
9, 555
5,816
4, 005
3, 039
17,450
i 2 19, 283
I 2 27, 965
|247,115
2 21 212
2 33 240
2 53 ( 220
1,760
2,822
4, 559
1 . 788
2. 888
4, 648
1,803
2, 864
4, 546
1 , 822
2, 909
4, 589
1,810
2, 876
4, 615
1,777
2, 897
4, 562
1,863
3, 135
4,630
1,719
2, 988
4, 524
1,763
3,162
4,538
1, 796
3, 145
4, 644
do...
67, 620
do... | 41,831
d o _ _ _ !' 25,789
77. 392
49 432
27,960
74,417
47, 319
27, 098
75, 297
47, Vf'i)3
27, 304
76,383
48,764
27,619
77, 392
49, 432
27, 960
78, 881
50, 433
26, 448
79,817
51,274
28,543
80. 162
51. 580
28, 582
80, 817
52, 107
28, 710
81,267
52, 558
28, 709
80,913
52, 346
28, 567
i
68,015 | 77,897
74,884
75., 788
76,896
77, 897
78, 886
79,394
79, 708
80, 330
80, 578
80, 390
80, 897 -81,370
81,406
42,324 i 50,037
do...
do ... ! 1,626 i 1,746
do . _ . j 6,349 ! 7,109
do.. - _
3,678 1 4,043
do. _ _.! 4,856 i 5.314
47, ',68
1,675
6, 908
3, 993
5, 048
48, 352
1,703
6, 971
4, 048
5, 109
49,310
1, 722
7, 057
4, 077
5,214
50. 037
1,746
7, 109
4. 043
5,314
50. 620
1,772
7,140
4, 088
5, 272
51,079
1, 787
7,174
4,137
5, 295
51,216
1,794
7,213
4, 128
5, 273
51,593
1,819
7,338
4,204
5, 269
51,784 51,809
1,842 1 1.847
7,451 i 7,478
4,243
4, 242
5, 229
5, 1(2
52,346 - 52, 784
1,835 - 1,813
7,495 -7,482
4,257 -4,265
5, 142 - 5, 179
52, 766
1,784
7,436
4, 235
5, 228
9, 536
9. 665
7. 383
10.780
3, 518
2. 150
9, 8,52
7.' 580
11.091
3, 553
2,174
9, 942
7, 653
11.369
3. 538
2,214
10 029
7, 799
11.717
3, 608
2,211
10,117
7, 857
11,921
3, 640
10,152
7, 825
12, 004
3, 533
2. 251
do._.
Machinery, except electrical
_ d o _ _ . .1
Electrical machinerydo.
Transportation equipment
.do...
Motor vehicles and parts
do
Instruments arid related products, do . _ _ . i
8,508
6, 093
8,930
3,318
1,788
! 9,942
! 7 653
: 11.369
! 3,538
i 2,214
1 f)'t 557
3,489
2, 1 06
' Revised.
* Advance estimate.
~ Based on clata not seasonally a d justed.
tSee corresponding note on p. S-ll.
9 Includes data for items not shown separately.
1 1H![
.2 in
do
do
do
do
do
By market category:
Home goods and'apparel
do ..
Consumer staples
do
Equipment arid defense prod. ? excl. a a t o . d o _ _ _
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.,_
S f .t_'
22,417
3, 731
3V,1
1,'JSI
44 091
do
do
1.20
1.57
.90
963
3, 406 i
3.66S
:\x,y;
3, 574
Voiidunble £oods industries, (• ta' '
Food in I k i n d t e d products.
-.90
41, 626
40. 204
,50. S "2
73, 46i »
40 4:o
9 S06
do
do
do
lo
do
•• 1.21
1, 114
30, 490
33,593
08.039
45,412
8,347
M ifhmen, » \"ept ple^neal—
Elf e t n e i l m irhmer\
Ti insport^hoi, equip' lent
Motor wind's and parts
T'i'tmments and rel it 1 products
r 1.15
43, 501
2,142
do
do
do
do
do
••>Q
1,003 | 1,016
;
2, 232
do
1.77
') •>(-)
46, 170 ! 46,326 ' 44,711
990
'4 1 r)S
S h i p m e n t ^ ' " i s adj \ tot d
._
B\ mdiHn jroup
D u r \ h l1 good, ipd istn<"\ t r t i l ?.
t
^on el n , nd glas product"
Pnri ir\ mei iK.
T»'i«;t f i r nas, steel mills. .
Kal ncited metal prod ict*.
' 1.02
.59
1.83
2.32
.65
1.00
.61
1.33
.49
20
.63
3 753
1.075
3,954
2, 067
2,341
do . •
do
do
do
do
1.78
2.26
.63
1.04
.59
1.31
.49
°0
.62
11. -.129
45, (Ml
23, 707
26, 024
Machinery, oxcept electrical ...
Electrical machinery.
Transportation equipment
Motor v e h i < us and par*~s_
.
Instruments and related products
1. 56
1.33
.50
1.41 i
1.93 ;
o-,^ ( yq
'1.55
'1.78
'2. 23
1 . 32
. 50
L42
1.97
1.16
!
11.753 '
41,910
22. 91C
24,292
•><y> 04-)
do
do
do
do
do _
••1.54
1.28
.48
''0
.60
1 . 30
.49
°0
.60
483,343 ! 528,448
1
1.55
.'.»S
. 57
1.30J
. 50 i
;
1. 57
1.79
2.26
.64
1.03
.59 !
1.29 ;
50
.20
.60 ;
1. 16
1 58
1.83
9 39
.66
1. 05
.60
.63
.94
.55
<)()
1.57
1.78
2.21
.64
1.00
.58
1.71
2 11
. 62
. 94
.55
1!
1. 58
1.81
2. 26
. 66
1 . 02
. 69
1.V3
0
1 ^6
1.79
2.25
.63
1.03
.59
!
•
i
!
:
i
9,941 | 11,437
do _
1.70
06
.62
.91
.53
1 54
9 992
1,855
3,218
4,776
10, 234 1 0, 275 10,313 -10,362 10, 438
7,766
7, 755
7, 730 -7,765
7, i'»S2
12,184 12. 236 12,706 -13,082 13,004.
3, 704
3, 568 -3,781
3, 398
3, 302
2,325
2,313 -2,316
2,303 1 2. 301
d ita for tl le textile mill prr>ducts se ries are ~vwithheld pending
10, 173
7,783
12,164
3, 454
2,290
<?H eginning 4th qtr 1966,
i nvcs gation and rev sion.
f;Se< • corresp ond ing n ote on p S-4.
IE:::
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
| 1966
Annual
November 1967
1967
1966
Sept.
Oct.
Nov.
Dec.
Feb.
Jan.
Mar.
Apr.
May
June
Aug.
July
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. $__ 12, 943
Primary metals
do_ _
2,388
Machinery (elec. and nonelec.)--.do
3,816
Transportation equipment
do
2,278
Work in process9
do
18, 109
Primary metals
do
2,130
Transportation equipment
Finished goods 9
Primary metals
Machinery (elec and nonelec )
do
do
do
do
Food and kindred products
Tobacco products
Textile mill products cf
do
do
do
Chemicals and allied products
Petroleum and coal products
do
do
By stage of fabrication:
Materials and supplies
\Vork in process
Finished goods
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
do
do
do
do
do
do
do
do
do
5 465
11 272
1 831
6 034
2 071
3 1 30
4
OOK
1 756
9
3
U
f\C4
8fi9
oce
7 Q21
9 844
4
039
6 054
14, 802
2,603
4,877
2,477
22, 263
2,477
7 853
7 512
12 972
2 029
4 865
1 380
14,309
2,486
4,673
2, 452
20,949
2,452
7 489
6 847
12 310
1 970
4 579
97 8fio
6 394
9 343
97 31 fi
14,599
2,548
4,846
2,468
21, 934
2,503
14.465
2,505
4.785
2, 449
21,446
2,504
7 7Q1
7
12
2
4
i 9 co
9 271
5 039
1 869
6 274
2 339
3 322
2 194
4 880
1 813
1 409
1 3fi8
10 501
4 333
13 096
10 579
4 169
12 568
8
10
18
4
6
30
190
476
166
358
537
170
no A
6 383
9
307
o non
~
5 000
1 835
13 097
9 rue
1,380
27, 860
6 593
9 33fi
-
2, 271
c
1 A K.
1 930
1, 402
1 0 ^71
14, 856
2,638
4,910
2,519
22, 967
2,489
7 949
8 028
13 256
2 047
5' 115
1 374
14, 748
2,642
4,859
2,425
23, 140
2,470
7 981
8 220
13 328
2 101
5 137
1 359
14,721
2, 705
4,781
2,363
23,423
2,510
7 987
8 439
13,449
2 123
5 188
1 362
14, 576
2,706
4,719
2,343
23, 592
2,607
8 014
8,442
13,616
2,138
5,256
1 399
14, 485
2. 693
4, 664
2,331
23. 704
2, 646
8 065
8,488
13, 620
2 139
5 "8
1 417
14, 536 '14, 668 14, 758
2, 668 ' 2, 626 2,585
4,728 ' 4, 725 4,714
2,382 ' 2, 591 2,634
24, 139 '24, 215 24, 119
2,704 ' 2, 713 2,679
8 0*6 ' 8, 083
8,127
8,881
8,922 '8,997
13,671 '13, 901 13, 889
2, 172
' 2, 143
2,123
5,363
5. 259 ' 5, 319
1 402 ' 1, 494 1,489
28 315
6 594
2 376
28 492
6 669
2 389
28 737
6,756
2 383
28 794
6,737
2,377
28 581
6, 634
2 380
28 551 '28 586 28, 640
6,662 ' 6, 512 6,435
2,350
2,373 ' 2, 366
9 972
5 175
1 925
1 427
2 286
5 203
1 915
1 446
2 300
5 290
1,950
1 453
2 305
5,412
1,960
1 428
9 310
5 381
1,918
1 415
2 310
5,383
1,935
1 402
10 553
4 349
13 413
10 637
4 355
13 500
10 712
4 346
13 679
10, 767
4,366
13, 661
10 778
4 491
13 38°
10, 661
4,362
13, 528
8 356
10' 730
18 750
4 450
6*512
30 596
8
10
19
4
6
30
327
861
009
343
491
677
8,306
10,977
19 303
4,263
6,541
30 940
8,263
10,994
19 481
4,171
6, 504
31 165
8
10
19
4
6
31
8,306
8,033 ' 8, 188
10, 946 '10, 755 10, 695
19 892 '20 041 20, 254
4,297 ' 4, 523 4,447
6,326
6,433 '6,368
31 296 '31 495 31, 378
' 2, 307
'5,400
' 1, 923
' 1, 398
2,303
5,397
1,920
1,405
'10, 729 10, 679
' 4, 412 4,448
'13, 445 13, 513
000
4 34Q
1 3 308
8 1 nn
10 476
8 OQC
10 698
0 CD
c07
4 424
6 493
4 148
8 465
12 471
4 189
8 739
12 592
4 311
8 990
12 719
4 328
9 193
12 801
4 286
9 405
12 830
4,253
9,615
12,873
4,276
9,744
12,903
4 232
9 839
13 016
4,228 ' 4, 269
10, 094 '10, 218
13, 037 '13, 103
4,249
10,217
13, 196
43 927
43 377
29 949
41 779
91 ^fi9
44 802
23* 117
21 685
45 214
23 204
22 010
45,091
23 157
21 934
45, 199
23 600
21 599
47 976 '42, 417 '44, 630
25 830 '21 754 '22, 268
2° 146 20 663 '22 362
46, 660
23, 652
23 008
'45, 900
44,945
4 253
19 7g2
4 253
6 °Q8
9Q ofift
7 893
10 247
n
H.880
2, 640
4,937
2,499
22, 643
2,455
7 oco
284
777
006
79^
1 33Q
6
14, 802
2,603
4,877
2,477
22, 263
2, 477
i n 31 3
i 9^
8 083
10 415
4 354
6 442
4
4
6
085
992
646
()60
491
186
do
do
do
3 287
6 388
10 701
4,189
8,732
12, 592
3 922
7 925
12 096
New orders, net (not seas adj ) total
Durable goods industries total
Nondurable goods industries total
do
do
do
492 272
542, 179
289, 836
252 343
48 083
25 810
New orders, net (seas. adj.)» total
By industry group:
Durable goods industries, total 9
Primary metals
Blast furnaces steel mills
Fabricated metal products
Machinery except electrical
Electrical machinery
Transportation equipment
Aircraft and parts
2492 272 2 542, 179
46 318
A e
OA'l
44 052
45 845
43 408
43 527
43 700
43,849
45, 738
46 087
do
do
do
do
do
do
do
do
289, 836
46, 879
24 985
26, 743
42 677
42, 269
79, 861
27,503
25 274
4 047
24 944
0017
93 Q97
93 960
3 677
22 072
3 315
22, 329
3 427
1 805
2,224
3 266
3 362
5 799
2 291
22 065
3 013
1 434
2 247
3 351
3 273
5 911
2 207
22,226
3,236
1 701
2,136
3,429
3,196
6,140
2,228
23, 857
3,606
2 020
2,106
3 497
3, 250
7,209
2,763
24, 263 '23, 715 '23, 726 23, 183
3,646 ' 3, 470 3,651
3 591
1 994 ' 1 794 1 990
1 886
1,979 ' 2, 254 1,998
2 108
3 564 '3 945 3 671
3 590
3 455 T 3,579 ' 3, 640 3,487
7 307
5,845
6, 697 ' 5, 950
2,469 ' 1, 705 2, 224
3 067
91 O44
5 7Q9
15 40
21 198
5 750
15 448
21 635
5 g24
15 811
21 623
5,840
15,783
21 881
5*948
15,933
21 894
5 873
15 951
22 262 '22 174 21 762
6 198 ' 6 152 5*945
16, 064 '16, 022 15,817
4
9
5
3
3
17
059
348
756
610
307
447
4 148
9' 529
5 760
3 830
3 293
17 140
4,053
9, 555
5, 685
3, 962
3,099
17,495
4,151
9,685
6,560
4, 503
2,991
17,848
4
9
7
4
2
17
4,139
9 663
6 230
' 4, 077
2 951
18,917
' 4, 077
4,001
' 9 713 9,533
6,268
' 6, 230
3,664
' 4, 288
3,121
' 3, 305
'18, 287 18, 358
1,814
3 641
4 853
' 1, 859 1,773
3,549
' 2, 841
' 5 058 4,647
Nondurable goods industries total
Industries with unfilled orders©
Industries without unfilled orders^
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
do
OfiO 739
260 732
41 017
24
38
35
72
22
914
434
292
973
044
106
715
676
561
403
do
do
do
do
do
do
45
101
65
51
38
191
057
315
081
053
058
708
49, 710
110,454
75, 275
52, 058
39 413
215,269
4 184
9*330
7 751
4 126
3 073
17 854
19 449
32 534
49 679
21,318
40 469
56 770
1 758
4 671
4 906
64 896
61 543
3 353
78 630
75 315
3 315
79 213
75 673
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
66 068
79,917
62 534
5 646
2,730
5 467
10 304
9 830
25 993
19, 781
76,415
6 909
3, 305
6 291
12 816
I 9 279
3° 350
26, 056
Nondur goods indust with unfilled orders© do
3 534
3 50°
By market category:
Home goods, apparel consumer staples
Equip, and defense prod incl auto
Construction materials and supplies
Other materials and supplies
Supplementary market categories:
Consumer durables
Defense products
Machinerv and eouinment
2
3
3
7
3
168 082
Unfilled orders, end of year or month (unadjusted),
total
mil $
Durable goods industries total
do
Nondur goods indus with unfilled orders© do
do
do
do
do
2
34
6
23
do
do
dn
1 601
24 587
16.000
124
732
041
171
2 230
99 738
9O 4'^S
3 588
9 1 fift
252 343
69 463
182, 880
do
do
do
noc
99 97"}
do
do
do
CO AK.Q
4
2 931
3 579
6 ' 8fiO
9 937
2
3
3
6
1
75
675
507
714
679
403
589
358
540
410
2 049
3 3Q1
3 552
5 577
1 833
91 33R
c QCM
15 226
6 AQ-1
15 794
4
9
5
4
3
17
124
260
543
184
200
741
4,207
9,597
6 607
4,200
3 373
17, 861
4 175
9 344
5 192
3 851
3 177
17* 669
1 894
3 308
1 764
2 7°7
4 647
1,786
3 359
4 603
1 896
2 846
4 545
1 698
3 330
4 242
1 748
3 235
4 315
1,712
3,273
4,443
1,728
3. 865
4 607
1 899
4 201
4 794
79 537
76 033
78 753
75 346
3 407
78 630
75 315
3 315
78 787
75 485
3 302
78 777
75 536
3 241
77 959
74 795
3 164
77,794
74,609
3,185
77 856
74 679
3 177
78 854
75 739
3 I 99
80 085 '80 400 80, 697
76 908 '77 187 77, 477
3 177 ' 3 213 3 220
79 170
79 993
79 581
79,917
78 863
78, 455
77 290
77,194
77, 988
79 188
79, 764
'79, 985
75 591
7 37?
3,813
9
76 170
7 125
3,550
6 084
12 818
12 310
74 060
5 771
2,529
25 513
76,415
6 909
3,305
6 221
12 816
19 979
39 35Q
26 056
26 649
74,016
5,569
2,487
6,176
12,335
12,206
32,237
26,971
74, 973
5 741
2,716
6 189
12 376
1° 133
33 066
27 667
76 185
5 870
2, 847
6 905
1° 449
I 9 930
33 929
9
s' 646
76, 710
5 935
2,936
6 116
12 426
12 341
34 4^3
29,024
'76, 801 77, 233
' 5 886 6,090
3,077
' 2, 890
' 6 277 6 193
12, 707
'12 699
'12 558 12 692
'33 826 33 894
'28, 520 28, 591
3 41 1
3 509
3
93ft
3,178
3 015
2
4n
6
97
050
8Sfi
454
QOO
2 027
40 709
6,513
27 945
1
41
6
9
8
1 720
1 644
1 526
31* 735 ' 32 167 I 32 268
19 545 ! 1Q 99.4 I is onQ
1 520
32 552
1 485
33 253
1 519
34 309
1 479 ' 1 511 1,490
34 732 '34 288 34, 607
1 8 8.30
18 8Q8
1Q 047
19 124
15 252
3
5
K.Af\
QCf>
12 524
12 056
39
110
25 274
3
C7Q,
4
9
6
4
178
131
584
594
3
1 73
17 583
A C1 p.
76 38
7 350
3, 698
r
QCQ
12
12
39
25
611
189
^QO
673
3
CA1
9 394
30
(Y7Q,
6 493
°8 989
2 313
41 426
6 188
29 243
49 165
6 274
9
9 160
2
41
6
29
1 704
31 765
1Q fi14
1 744
31 033
IQ 33.3
1 780
31 453
1 740
31 316
10 4UQ
1Q
49 OQ5
1 737
2
3
3
6
9
91 88^
C 7QQ
1 C 1 -7
'Revised.
1 Advance estimate.
2 Data for total and components (incl. market
categories) are based on new orders not seasonally adjusted.
^ Includes data for items not shown separately.
cf See corresponding note on p. S-5.
©Includes textile mill products, leather and products, paper and allied products, and printing
9
'45, 977
247
740
330
264
fi09
2
42
6
28
9
30
205
493
989
1 704
31 765
19 614
9
75 427 75 131
6 274
6 466
2,882
2,880
6 144
6 135
12 716 12 497
12 368 ' 12 394
32 046 32 158
26 061 26 505
3 436
2
41
6
2$
9
19
479
405
760
3 394
2
41
6
28
154
297
457
547
6
1 1Q
12 359
I 9 232
39 flflQ
9^7
529
482
097
183
614
047
333
976
934
3
003
1
49
6
°8
971
517
450
9
50
3 054
1
42
6
28
r
3 184
80, 482
3 249
954 ' 2 016 2,025
66° '42 574 42 693
424 ' 6 579 6,502
724 '28 816 29 262
rlQ 407
19. 334
and publishing industries; unfilled orders for other nondurable goods industries are zero.
HFor these industries (food and kindred products, tobacco products, apparel and related
products, petroleum and coal products, chemicals and allied products, and rubber and plastics
products) sales are considered equal to new orders.
SURVEY OF CURRENT BUSINESS
November 1967
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
Annual
S-7
1967
1966
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
17, 332
17, 388
Oct.
16, 222
18,409
913
GENERAL BUSINESS INDICATORS—Continued
BUSINESS INCORPORATIONS^
New incorporations (50 States and Dist. Col.):
Unadjusted
number
Seasonally adjusted©
do
INDUSTRIAL AND COMMERCIAL
FAILURES cf
number
Failures, total
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... _ _
thous. $
.
_
do
do
do
do
do
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns
r
203 897
200 010
14 528
15,764
15 241
16,233
13 982
16 206
16 467
16 583
18 714
16 703
15 225
15 987
19 036
16, 244
16 511
16 760
18,700
17, 627
18, 591
17, 799
15, 415
16, 072
13 514
13 061
1 042
1 150
1 112
1 055
1 191
1 216
1 216
1 160
1,100
1,047
843
1,017
1 299
2,513
2 097
6 250
1 355
1 368
2,510
1,852
6 076
1 255
123
138
127
113
152
128
125
119
105
82
195
159
214
145
219
157
223
171
236
160
227
190
238
149
193
157
180
163
98
213
154
111
132
129
159
172
470
95
542
103
526
100
454
114
558
126
555
113
557
114
519
129
1,321,666 1,385,659 129, 162 108 046 106 732 161 481 108 172 113 450 119 322 103 817
'
248 523 185 202 14 435
8 230
9 767
6 161 11 654
8 044 12 746 10 086
290, 980 326, 376 24,513 24 399 24 5?3 67 110 19 361 25 050 38 928 29 058
350, 324 352, 861 50,411 34 992 33 768 29 338 32 818 32 325 29 321 27 489
287 478 344 346 23 9'>8 26 043 27 343 38 631 27 301 32 887 32 652 25 367
144 361 176 874 15 875 14 382 14 937 14 748 20 648 10 442
8 335 12 136
1
53 3
i 51 6
56 6
57 2
55 6
52 4
54 9
515
116
500
99
93, 370 104, 643
r
93
152
145
490
98
431
92
72, 551 108, 901
93, 943
405
95
10, 280
16,046
26,912
26 307
13, 825
6,896
26, 912
26, 062
27, 931
16, 842
4 690
16, 191
27, 100
17 062
7 508
12,310
12, 758
33, 294
37, 861
12,678
6,344
11, 536
29, 177
37, 769
9,117
57 1
49 7
52 1
48.6
48.6
43 2
49 3
48.9
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS
Prices received, all farm products!
1910-14=100..
Crops9
do
Commercial vegetables
do
Cotton
do
Feed grains and hay
do
Food grains. . . . .
do
Fruit
_
do
Tobacco
do
Livestock and products 9
do
Dairy products. _ __
do
Meat animals
do
Poultry and eggs
__
do
Prices paid:
All commodities and services
do
Family living items. -_
do
Production items
do
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14 = 100
Parity ratio §_
do
248
234
262
245
174
164
247
513
261
261
319
145
266
235
288
215
181
185
243
553
292
293
356
161
270
235
268
179
190
198
254
567
300
320
355
167
266
233
268
190
184
188
273
560
293
326
343
160
259
230
293
185
183
189
226
557
284
324
324
163
257
229
291
186
187
191
205
562
281
320
323
158
255
225
288
168
186
187
206
556
281
311
330
152
252
223
280
175
184
179
199
561
276
306
328
142
250
224
276
173
186
189
199
561
272
300
323
144
245
223
305
173
183
185
193
558
264
291
319
130
252
221
276
167
183
188
197
558
279
288
351
126
255
227
322
169
184
179
217
558
279
288
353
123
257
225
326
178
178
167
203
558
285
292
358
133
256
224
277
186
166
169
256
560
283
302
352
128
252
217
242
180
167
167
266
537
283
312
344
133
251
224
252
230
160
173
263
537
275
320
330
122
288
306
276
298
315
285
301
318
289
300
'319
287
300
'319
286
300
318
287
301
318
289
301
318
288
301
318
289
301
318
288
302
320
289
303
321
290
304
323
291
303
323
289
'303
323
'289
304
324
289
321
77
334
80
337
80
337
79
337
77
337
76
340
75
339
74
340
74
341
72
342
74
343
74
345
74
343
75
344
73
345
73
109.9
2 113. 1
2114.1
114.5
114.6
114.7
114.7
114.8
115.0
115.3
115.6
116.0
116.5
116.9
117.1
109.6
110.4
106.4
107.9
102.6
99.0
120.8
105.1
117.8
120.0
108.8
105.1
105.0
115.2
108.5
110.6
108.9
111.4
107.2
105.6
107.8
103.1
106.8
111.1
109.7
121.4
115.6
122.3
109.9
115.2
112.9
113.0
109.2
111.8
102.7
97.2
117.8
106.5
122.3
125.0
114.2
114.1
111.8
117.6
111.1
114.1
110.4
115.7
107.7
108.3
108.1
105.0
109.6
112.7
111.0
125.8
119.0
127.7
112.2
117.1
113.9
113.8
110.0
112.9
102.7
94.4
120.1
107.0
123.5
126.5
115.6
114.8
116.0
116.6
111.8
115.0
110.7
116.8
108.0
107.4
108.1
105.7
110.7
113.3
111.3
129.5
119.9
129.4
113.0
117.5
114.3
114.4
110.3
113.1
103.5
98.4
120.8
107.6
124.1
127.1
115.6
113.8
117.1
115.3
112.2
115. 5
111.0
117.4
108.1
108.3
108.0
106.1
111.5
114.3
112.3
129.6
120.4
130.4
113.3
118.0
114.4
114.8
110.2
112.9
103.5
99.3
119.3
107.8
124.7
127.7
114.8
111.8
116.7
114.9
112.6
115.8
111.2
117.8
108.3
108.9
108.1
106.5
112.0
114.5
112.6
129.6
120.8
131.3
113.4
118.3
114.3
114.9
110.1
113.0
103.1
98.6
114.2
107.7
125.2
128.3
114.8
110.9
116.5
114.3
113.0
116.4
111.3
118.6
108.4
110.2
107.9
106.7
112.3
113.8
111.7
129.8
121.0
131.9
113.7
118.4
114.3
115.2
109.9
112.7
102.8
97.3
114.0
107.6
125.9
129.2
114.2
110.7
116.1
114.2
113.3
116.8
111.7
118.9
108.7
111.1
108.3
107.0
111.9
113.8
111.8
130.0
121.8
133.6
114.1
118.6
114.6
115.4
110.0
112.9
102.9
97.2
115.9
107.8
126.3
129.5
114.2
110.0
115.7
115.2
113.3
116.6
111.8
118.6
108.7
111.1
108.3
107.3
112.6
114.2
112.2
130.5
122.2
134.6
114.4
118.9
115.1
116.3
110.5
113.2
103.9
96.9
121.4
108.7
127.0
130.4
113.9
108.5
115.9
116.4
113.9
117.5
112.1
119.7
108.7
110.8
108.3
107.9
113.8
115.5
113.6
130.9
122.8
135.7
115.0
119.6
115.6
116.5
111.0
113.8
104.1
96.8
122.4
108.9
127.4
130.8
115.1
111.6
116.3
119.9
114.1
117.7
112.2
119.9
108.6
110.5
108.2
108.1
113.9
115.7
113.7
132.2
123.2
136.3
115.3
119.7
116.1
116.8
111.5
114.3
104.4
97.0
124.8
109.1
127.7
131.2
116.0
112.3
116.4
124.4
114.3
117.9
112.4
120.2
108.9
111.4
108.3
108.2
113.7
116.2
114.1
132.7
123.6
136.9
115.5
119.8
116.5
117.1
111.9
114.8
104.7
96.9
125. 2
109.4
128.2
131.7
116.6
113.1
116.6
122.7
114.7
118.4
112.6
120.8
109.1
111.7
108. 5
108.3
113.8
116.4
114.4
132.8
124.2
137.5
116.1
120.0
116.7
117.7
112.0
114.9
104.8
96.1
126.2
110.0
128.7
132.3
115.9
113.4
117.3
115.6
115.0
118.7
112.8
121.1
109.4
112.3
108.9
108.8
115.1
116.8
114.8
133.0
124.9
138.5
116.4
120.5
115.3
110.5
113.5
115.8
110.8
114.1
115.3
111.3
114.0
115.6
115.3
114.9
114.0
115.3
115.8
114.3
114.5
115.0
113.9
114.9
111.9
114.3
111.7
112.3
113.9
112.9
113.7
113.1
114.2
117.0
113.3
113.2
116.3
114.3
115.9
114.5
116.0
115.6
115.3
JRe^risions fo r Jan. 1963-Mar. 1966 (bac k to Jan . 1959 for all farm products , crops, a nd feed
grains and hay ) are ava liable up on requeSt.
§Ra1 io of pn ces recei ved to p rices pai i (parity index),
9In(,ludes da ta for it jms not
shown separate ly.
*!>Jewserie s. Begi ining wi th indexe s for Jan 1966, seasonally sidjusted
indexo s for sele cted grou ps and s ubgroup'; of the C PI were publish? d by the Dept. of Labor,
Addit onal info rrnation and a de scriptiorjL of the IJLS Seas onal Factor Meth od are a vailable
from t he Burea u of Lab or Statis tics, U.S Dept. o f Labor, Washing ton, D.C,. 20212.
CONSUMER PRICES
(17. 5. Department of Labor Indexes)
Unadjusted indexes:
All items. ._
1957-59=100..
Special group indexes:
All items less shelter
do
All items less food
do
Commodities
do
Nondurables
do
Durables 9... _
do
New cars
do
Used cars _
do
Commodities less food
do
Services
do
Services less rent
do
Food 9
do
Meats, poultry, and
fish
do
Dairy products. _ _
do
Fruits and vegetables ....
do
Housing...
do
Shelter 9..
do
Rent
do
Ilomeownership
do
Fuel and utilities 9
do
Fuel oil and coal
do...
Gas and electricity
do
Household furnishings and operation do
Apparel and upkeep
do.
Transportation
" " do
Private
do
Public
" " do""""
Health and recreation 9
do
Medical care ..
~do
Personal care
do
Reading and recreation
do
Seasonally adjusted indexes:*
Food .
do
Apparel and upkeep. ..
do
Transportation
do
f
Revised.
i Based on unadjusted data.
2
Beginning with indexes for Jan. 1966, data for six additional areas (C/incinnai i, Houst on,
Kansas City, Milwaukee, Minneapolis-St. Paul, and San Diego) have been i icorpora ted
into the national CPI. These areas were "linked" into the CPI as of Dec. 19(35 and were
first used in calculating the Dec. 1965-Jan. 1966 price change.
cr Compiled by Dun <fr Bradstrept, Inc. (failures data are for 48 States and Dis t. Col.).
©Revised seasonally adjusted data for Jan. 1964-Nov. 1965 will be sh<)wn later
114.2
114.8
109.9
112.7
102.7
97.6
113.0
107.3
125.5
128. 8
114.7
110.3
116.4
115.3
113.1
116.5
111.4
118.7
108.6
110.5
108.3
106.7
111.3
113.4
111.4
129.8
121.4
132.9
113.8
118. 5
114.8
115.9
110.2
113.0
103.4
97.0
118.8
108.4
126.6
130.0
113.7
109.0
115.7
114.2
113.6
116.9
111.9
119.0
108.8
111.0
108.4
107.7
113.0
115.1
113.2
130.6
122.6
135.1
114.9
119. 4
S-8
SURVEY OF CURRENT BUSINESS
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
November 1967
1967
1966
Annual
Sept.
Oct.
Nov.
Dec.
Feb.
Jan.
Mar.
June
May
Apr.
July
Oct.*
Sept,
Aug.
COMMODITY PRICES—Continued
WHOLESALE PRICEScft
(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 t
1
j
do
By stage of processing:
Crude materials for further processing... do
Intermediate materials, supplies, etc
do
Finished goodsO
do
By durability of product:
Durable goods
do
Nondurable goods
do
Total manufactures
do
Durable manufactures
do
Nondurable manufactures
do
Farm prod., processed foods and feeds'!
I
1
r.r
o
QQ 1
1QQ
1
99 6
98 8
97 3
99 g
97 i
95 4
98 3
96 7
94 8
98 1
95 9
93 4
97' 8
95 9
0
91
97.7
105 3
105 8
106 3
106 5
106 1
106 2
106 1
99-7
105. 5
98.0
105. 5
Ki7 n
100.6
105. 3
107 6
101.4
305.4
108 4
101. 7
105. 4
108 7
99.5
105.4
108 3
9x 5
105. 7
107
104
106
107
105
107
105
106
307
105
107
305
106
307
305
6
6
8
9
8
107 9
104 8
106 8
108 1
105.6
108. 2
i (w q
1 n** 7
i no ^
1QO Q '
1AO 0
•J AA
i ]]4 6
l 115 o
108 9
106 3
'
1 05 8
106 8 '
105 2
1Q9 5
10° 5
105 9
106 8
1 HA 0
i n^ o
106 ^
106 0
1 At
98. 0
102. 2
103 6
105. 3
104.8
1 06 9
106.1
105.6
mi
103. 6
105. 3
101. 1
105.3
100.8
105. 4
101.9 :
105.6
100.8
105.5
103
101
10°
103
101
7
5
8
7
9
106 0
105 6
1 05 7
106 0
105 3
106
107
106
106
106
i 304 7
1 q-j g
109 5
1 IAJ
A
q
J
QQ 1
5
4
6
7
6
los 7
2
1
4
3
5
106 6
105 8
106 0
105 1
107 1
1 04 9
107 4
105 °
107 6
104 7
107 6
104 ''
106 7
105 8
107 0
105 3
107 2
10. J
H )5 0
107 5
105 3
107 7
105 1
107 7
104 8
107
103
106
107
104
108.8
107. 1
106.7
107.0
105.7
104. 6
103. 4
105. 0
106. 8
307.3
105.2
105. 3
QQ (\
Q7 (\
99. f>
98 3
100 7
i04. 4
9\0
8^ 6
10° 6
10° 4
114.3
96. 1
3 0'-* 8
107.9
92. 6
r'ts 4
92. 2
85. 6
7-) q
1Q4 9
3 07 4
99 o
96.6
86.1
77 3
106 3
no. 7
3 13. 1
306.4
116.9
v>'> n
307.0
30 ( ) 9
132. 1
106. 6
116.8
122 1
107. 1
107. 4
do
102. 1
108.9
111.5
Farm products 9
do
Fruits and vegetables, fresh and dried do
Drains.
.
do
Live poultry*
do
Livestock*..,
do
98 4
101.8
89. 6
87 9
100 5
105 6
102. 5
97.3
91 4
110 0
10^ 7
110.4
104.6
8^ 5
109 '^
Foods and feeds, processed 9 *
Beverages and beverage materials*Cereal and bakery products.,.
Dairy products
Fruits and vegetables, processed©...
Meats, noultrv, and fish
do
do
do
do
do
do
106,7
105. 7
109.0
108 5
102.1
101 0
113,0
105. 8
115,4
118 5
104. 8
110 v )
1 1 5. 5
105.6
118.9
124 ''
103.7
113.9
105.6
118.7
do
102 5
97. 4
101.8
95. 0
94. 4
1 ir 2. 7
10. > 4
Fuels and related prod., and power 9
do
Coal....
do
Electric power
Jan. 1958 = 100
Gas fuels...
do
Petroleum products, refined
1957-59 = 100.
Furniture and household durables 9
Appliances, household
Furniture, household
Home electronic equipment* A
104,2
101.:8
100.7
104.5
95.8
1/1(> 0
6
7
^
8
6
99 0
5
6
3
7
0
104 s
107 1
IOS. 4
105.8
1
Q7 1
A
101 4
99 5
'.)*. 4
99 9
M-" t
112.6
105. 6
118.7
112.8
105. 8
118.0
1128
105 8
117.6
111.7
105.9
117.3
HO. 6
105 f.
117 5
110.0
105.9
117.2
119 0
105. 7
108 1
105.!)
104 ' '
1 05. 8
104 4
105.9
105 4
104.3
104 7
104.2
101 7
104 3
lO'j 6
105. 1
103 8
112.6
106. 3
117.2
l'» •>
106. 5
108 3
104. 7
105. 2
105. 3
105.5
105.5
105.8
106.0
106. 0
100. 0
106. 0
106. 0
106. 0
106. 3
98.0
102.2
95. 8
94.8
103.8
106 8
97.9
102. 8
95 9
95. 0
94. 5
10™ 3
S lv > 0
103.3
9b 0
95 0
<U r,
98 L'
103.1
96. 4
94 7
95 1
10*s 5
9S 4
104. 2
96 6
94 7
92. 3
30^ 7
98 5
10", 4
96 9
94.2
sy. 1
10^ 7
98 r>
105
97
94
M
1'ls
9
U
4
5
>
98. 8
10," 2
97 6
04 0
9v 5
10"). 1
97 2
94.1
79. ,")
IOS 8
OS 3
303 ;,
9s- 0
101. 8
97. 1
93.6
77 2
108.8
<*7 9
101 2
1*7 L
iOS S
98. 8
10-". 2
97. :>
94 1
82. 9
108 ^
D3 :,
77. 1
309 ')
98,9
96. 5
100.8
3°4 \
95. 9
101.3
98. 6
100. 3
1 ''9 3
99. 5
102.2
99. 6
1 00. 3
1°9 2
101.0
102. 6
100. 6
100. 2
1 *}n 7
101.3
10_> 7
101. 9
10!) 3
130 6
102 4
102 4
100. S
j •> ) | -j
100.2
I'L'.rt
102 3
100 6
1 ^4 6
100.3
1u<. *
102 3
KK) 6
134"
lnl.9
l')3
102
100
134
102.
7
2
6
6
4
103 3
102 7
100.6
104 0
mo 6
103 9
10i 0
104. 7
303 0
100. 5
132 0
104.6
304 5
104. 1
100 7
332 6
103 <j
98.0
89 ^
1 06. 2
85.2
99.1
&q 1
109. 1
83.6
99.2
88 7
109.8
83.3
99. 7
88 9
110.3
83.8
100.3
100.4
89 '~>
111.8
83. 8
100.4
SQ 6
111.9
S3. 6
100 4
SO 7
112.0
S3. 5
100 6
UK). 6
M S
R'( S
112. 4
83. 3
Hides, skins, and leather products 9 , _ . do
Footwear
do
Hides and skins
.,
do
Leather
_ _ ~"^do! ~ ~ '
Lumber and wood products
do
Lumber
do
109 2
110.7
111.2
108.1
101 1
101 9
119. 7
118 '>
140.8
121.1
105 6
108 5
119.9
119 1
134. 2
121.8
105 9
109 5
118. 7
1°0 1
120.8
117.5
104 8
108 0
117. 5
PO 1
114.3
114. 1
103 0
105 (i
1 1 7. 3
1°0 3
UK). 2
116.2
10° 5
1 04 5
117.9
1 '0 9
110.1
116.9
10° 6
104 5
118.0
123 6
107. S
116.3
103 6
105 4
Machinery and equipment 9 *
do
Agricultural machinery and equip
do
Construction machinery and equip,, .do
Electrical machinery and equip.. ... do".....
Metalworldng machinery and equip.*.. do
105. 0
115. 1
115.3
96 8
113. 6
108. 2
118. o
118.9
99. 0
118.8
108. 9
118.2
119.4
99, 2
120.5
109.4
1 IS. 5
119.8
99. 5
121.1
110.2
1 20. 4
120. 6
100 7
121.5
110.7
120. .8
121.0
101. 5
121.8
111. 1
121. 5
121.3
101 9
121. 9
Hi. 2
121 7
121.4
101.8
122. 2
Metals and metal products 9
Heating equipment
Iron and steel
Nonferrous metals. .
105 7
Ql 7
101.4
115 2
108
q->
102.
1°0
3
5
3
9
108 4
Q^ 9
102.5
119 9
108 6
93 3
102. 5
109 0
93 4
102.9
1°0 5
109 4
1
103 0
I'M 8
97 I
106. 5
97,8
102. 8
95. 7
94. 5
102. 8
106 8
Industrial commodities^
Chemicals and allied products 9
Agric. chemicals and chem. prod.*
( ' homicals, industrial
Drugs and Pharmaceuticals.
Fats and oils, inedible
Prepared paint...
. . . . do
do
do
do
do
do
do
do
do . „
do
97. 9
98.9
98. 0
DC 1
no A
101.3
101.5
00
9-
Qj
Ji)A
10" S
101 ;-}
S<)
r)
111.5
83. 8.
A
1
s.* 3
106. 0
117.4
I'"1!) 8
104 4
l'L> 6
01 u
inj.4
94 1
77 1
10^ S
103 a
r
331.7
112. 7
106. 7
336, 0
joo s
107. y
108. 6
106. 7
135 0
103 7
100 5
134 3
103. 1
100.8
90.0
112,4
82.0
300
l
)0
132
S3
9
3
6
s
101.0
90.1
112 8
301 _
00 }
112 4
83.3
100.8
89. 7
132. 4
82.9
IIP. 9
1J1 7
(
JS 9
114.6
103 8
106 0
115.7
121 5
SS 3
112.9
104 1
106 6
115.2
121.4
87.2
110.9
104,2
307 0
115.6
121. 5
95.8
110.2
304.7
108 0
33">
121
93
300
305
108
2
4
4
5
3
3
114.4
121 2
S6 8
109. 2
100 3
109.0
114
123
93
103.
30s
112
111.5
121 9
121 5
102 2
122. 6
111
i_M
121
102
122.
6
8
S
3
9
111.6
121.8
121.9
101. 9
123. 6
111.6
121.8
121.9
101.8
123. 6
111. 6
321.9
122. 1
103. 7
12X9
111.8
122.0
122.4 i
101.6
124,4 i
311,9
322 2
322 4
101 o
324.4
109 6
i
loy 4
103.2
I0" 3
103 3
1M 1
]0<)
91
103.
1'70
1
Q
L'
0
108.9
92 0
103. 2
118 9
308. 9
99 5
103. 3
118 7
109 0
99 ()
303.4
109. 6
92 7
304.0
119.4
104.7 '
V
13 i *>
101 7
1H S
103.3
SI 8
33 i 0
Si '
4
s
J
6
7
0
]9Q 3
100 0
93 4
102.8
I'M 0
118 r>
109.2 i
92.5 i
103.5 ;
118.9 i
Nonmetallic mineral products 9
do
Clay prod., structural, excl. refractories*
do_.
Concrete products
.
do
Gypsum products
do .. . .
Pulp, paper, and allied products _
do
Paper
do
Rubber and products..
do
Tires and tubes
do
101.7
102. 6
103. 0
103.2
103.3
103 3
10^ 6
103 7
im 8
103.9
103. 8
103. 9
104. 2
104.5
106.6
101.5
104.0
99 9
104 1
92 9
90 0
108 4
103.0
102. 4
10° 6
107 3
94 g
(i
3 3
108.7
103. 6
102.7
103 1
108 4
94 7
93 4
108.8
103. 5
102.7
103 1
108 4
94 6
93 4
109.3
103.5
103. 5
103 0
108 5
95 (0
93 }
109.1
KH "
103 0
1 (N 5
95 0
93 Q
109.3
103 l)
103 5
103 1
10S 5
)i *
94 9
109.3
104 4
103 5
KM 3
1( * 5
958
9J 9
10*
104
](P
113
109.4
104. 6
102. 3
103 9
109 3
95 9
94 n
109. 7
105. 2
102.3 ;
103.9
309 5 !!
85.8
94 0 !
309.7
105. 7
100. 9
103.9
109 6
95.8 '
94 0 '
109. 9 r 110.4 i
105. 8 1
305. 8
100.7
300. 7
104.0
104 1
110.9
310 9
95 8 | 97.8 i
98.7 '
94 0 i
110.7
105.9
300 7
3u4. 1
110 9 ,
9S. 2 !
98. 7
Textile products and apparel 9 ...
Apparel..
Cotton products
Manmade fiber textile products.. _
Silk yarns
Wool products..
101.8
103 7
100 '>
95. 0
134 3
104 3
102. 1
105 0
10° 5
89.5
1 53 6
106 0
102.2
105 1
103 1
88.6
158 6
106 1
102. 2
105 3
103 3
88. 1
161 1
105 6
102.
105
103
<S7
161
105
1
5
0
7
1
1
101 8
105 4
10'^ 7
86. 9
163 °
104 8
102 0
105 7
30° 5
87. 1
166 1
104 7
Iu2 0
105 9
101 8
87. 1
164 1
104 7
lul
106
103
SO
301.6 !
106 3 '
100 3
86 3
167 0
i03 1
101.6
306 7 !
99 7
S5.8 ,
167 0
103 2
303.5
307 1 !
98 9 !
S5 5 !
16-8 4 !
104 0
101.8
106 2
100 8
«6 8
1 64 5
10° 9
103 3
101.7 !
107.3 '
98.8
85 9
172 6 ,
102. 9
102.0 '
107.4
99.2 i
S6 3
175 7
302 7
100.7 :
104 8
102.7 ,
106.2 |
100.8
106 8
104. 1
109 6
100. 1
107. 1
104.8
110 3
101.7
107 °
105. 0
110 3
101.7
107 4
104. S
110 2
101.7
107 5
104.8
110 3
101.6
107 9
105 2
110.3
101 6
108 0
105.3
110.3
101
107
104
110
101
108
305
110
J01.fi
308 0
10-5 3
310.3
303.4
309 6
105.3
314.8
301
309
305
134
101.3
130 0
105 8
114.8
101
310
106
114.
$0 936 ' ^0 949
876
873
*0 944
. S73
*0 944
872
Transportation equipment 9 *
Motor vehicles and equipment
Miscellaneous products 9 *
Toys, sporting goods, etc
Tobacco products*
do
do
.do.. .
do
.
do
do
do
do
do
do
do
do
do
.do
do
10 i «
o 6
y3
:
U > 0
3
5
J
6
|)x 5
95 9
,4 9
8
0
3
9
6
7
0
3
6
f)
2
3
3
7
6
8
1
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices
1957-59-$! 00
do
$0 976
.910
;
;
$0.945
.884
'Revised.
r> Preliminary.
i Computed by OBE.
a1 For actual wholesale prices
of i n d i v i d u a l commodities, see respective commodities.
{Beginning
^Beginning Jan. 1967, indexes
1967, indexes
incorporate revised weighting structure reflecting 1963 values of shipments; details regarding
weight revision as well as changes in classification structure are available from the Bureau
of Labor Statistics, U.S. Dept. of Labor, Wash., D.C. 20212.
OGoods to users, incl. raw
*0 942 ! *0 943
.872 •• .871
$0 946
870
$0 950
867
5
2
1
s
$0 945 : SO 941 $0. 939
.862 i
. 858
865 !
$0.943 ' $0.942 i $0. 943
.854 !
r.855 !
r
9 Includes items not
foods and fuels.
Formerly "farm prod, and processed foods."
,
-shown separately.
*New series; data prior to Feb. 1966 (where available) may be obtained
from BLS.
©Formerly "canned and frozen fruits and vegetables."
§Formerly
"cornmod. other than farm prod, and foods."
AFormerly "television, radio receivers,
and phonographs."
November 1967
SURVEY OF CURRENT BUSINESS
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1S65
edition of BUSINESS STATISTICS
1966
Annual
S-9
1966
Sept.
Oct.
1967
Nov.
Dec.
Jan.
Feb.
Apr.
Mar.
May
June
July
Sept.
Aug.
Oct.
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE f
New construction (unadjusted), total _ . . mil. $
71,912
74,371
6,928
6,656
6, 281
5,685
4, 991
4, 591
Private, total 9
do
Residential (nonfarm)
do
New housing units
do
Nonresidential buildings, except farm and public utilities, total 9
mil $
Industrial... ___ .
do
Commercial..- _ . _ _
do
Farm construction
do
Public utilities 9 - _ - - ..
do
Telephone and telegraph.
.. . . do
49, 840
26, 266
20, 351
50, 446
23,815
17,964
4,636
2, 133
1,575
4, 378
1,948
1,443
4,178
1,770
1,298
3,871
1,605
1,164
3, 329
1,381
980
3, 108
1, 263
891
3,356
1,422
1, 022
3,673 * 4, 023
1, 642 ' 1,868
1,188 ' 1, 380
16,584
18, 607
1,762
5, 128
6,703
622
6, 745
6, 890
659
1,189
1,225
5, 385
1,461 ^ 1,7)00 " ""139"
1,670
587
635
1,672
609
624
1,579
575
600
1,404
492
529
1,327
482
490
1,357
473
512
1,419
464
557
139
144
Public, total 9
do
22, 072
23, 925
2, 292
2, 278
2, 103
1,814
1,662
1,483
do
do
.do.
do
do
7,881
602
365
85°
7, 554
8,921
653
369
713
8, 359
800
62
33
70
862
810
64
30
61
822
766
63
27
60
723
72 /
59
28
57
543
694
55
31
49
460
646
53
25
45
376
738
58
28
45
546
818
68
27
44
668
890
73
42
46
784
74.0
50. 1
72.3
47.9
°1 6
47. 1
48.3
19 9
48.0
46.9
46. 0
°1 1
47.8
90 3
- 46.4
19 8
19.3
6.9
7. 1
18. 3
6. 7
6.7
18.7
6. 9
6. 7
18. 5
6. 5
7.0
20. 5
7.1
7.9
19.8
7.1
7.7
18.2
6.1
17.3
5.6
6.9
' 17. 8
6. 0
17.3
1.7
1.6
1.6
1.7
1.6
1.6
1.7
1.5
1.7
23. 9
24. 4
24. 9
25. 8
26. 5
27.0
25. 9
' 26. 1
9.1
.6
.4
.7
8.1
9.3
.6
.3
.6
8.0
9.4
9.4
.3
.6
8.2
.4
.8
9.1
9. 7
.7
.4
9.5
.8
9.8
.8
10.1
.9
.4
9.5
10.*2
.6
9.1
9.9
.9
.3
.6
9.0
- -
Buildings (excluding military) 9 _
Residential
_ _..
Industrial..
.
__
Military facilities
Highways and streets
_
New construction (seasonally adjusted at annual
rates), total
bil ^
Private, total 9. .
do
Residential (nonfarm)
do
1
Nonresidential buildings, except farm and public utilities, total 9. .
.
bil. $
Industrial
do
Commercial. .
do
Farm construction. _ _ _
do
Public utilities?
do
Telephone and telegraph
. ... do
Public, total 9
.
do
Buildings (excluding military) 9
do
Residential
do
Industrial
. . . do
Military facilities
do
Highways and streets
•
do
CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F. W. Dodge
Co.):
Valuation, total. _
_
mil. $.. i 49, 272
1
151 " 102"
T
5, 175
r
5, 740
..........
1,819
r
2, 067
on Q
T
26 2
r
- 7, 398
7,332
4,316
2, 110
1, 599
4,532
2, 280
1,732
r
r
'4,696
2, 384
1,810
4,724
2,388
1,846
1,509
515
577
1, 554
541
593
r 1, 589
'530
1, 613
545
604
r
1, 501
M99
597
138
151
134
142
r
2, 283
2,536
2,715
r 2, 702
r
34
r
64
30
70
49.2
r 50. 2
17.6
r
127
r
7,247
' 6, 306 6,852
45
' 57
48.1
2, 608
78.2
51.1
05 4
oo q
17. 6
6. 0
6.4
17. 7
6i7
r
'
1.6
~LG
26.1
26. 8
26. 9
.5
.8
- •• •
.4
4. 879
5, 104
149
165
168
r
r
.6
8^9
6.' 5
'
27.0
50, 150
4, 103
4, 106
3, 461
3, 189
2, 838
3, 300
4, 424
4, 389
5,095
i957-59 = 100__
2 143
2145
146
139
130
133
126
143
149
138
154
Public ownership
mil. $. .
Private Ovuurship
do
By t} pe of buildmcr*
Nonresidential
do
Residential
.
do .
Non-building construction ..
do
Nert ( o b s t r u c t i o n phnmnir
' Km.ni, < e n n < . N i \ \ s Record) § .
do
Concrete pavement awards:
Total
thous sq ^ d s
Airports...
.
_
.do
Ro-ids . _
_
do
Streets and alleys, _
d(
Miscellaneous-..
do
HOUSING STARTS AND PERMITS
NPTV houMi g unit^ started'
i 16, 209
33, 064
18, 152
31, 998
1,379
2, 724
1,607
2, 499
1,357
2,104
1,287
1 , 903
1,113
1, 188
2,112
1, 509
2,916
1,498
2, 891
3,275
1,820
2, 109
3,215
! , 9S9
2. 890
1, 824
3, 280
1,169
3,526
i 17,219
i 21,248
i 10, 805
19.393
17, 827
12, 930
1, 676
1 280
1, 146
1 , 796
1 225
1 , ( 1X6
1,424
1 076
961
1 , 358
I, 175
937
726
1,430
1 056
814
1,714
1,584
1,127
1,830
1, ('ill
931
1,808
00' >
1,285
2.070
'' 000
1.3H
1 . 749
928
1,302
1.847
1 C U2
1,345
1 , 786
1 741
1, 169
5, 937
4, 533
4, 434
0, 940
4, 940
5, 401
4. 781
3,359
4, 293
5, 809
(i. 829
5, 506
4, 053
62 3
3 A t)
60 1
61.7
40 6
r>9. 1
63. 2
40 4
61.4
92 9
it. 5
115.9
71). 9
113.7
134. 2
S7. 4
132. 0
131.fi
ST. 7
12o. 1
fil. i
M) 1
1.5 0
f.''. 0
43. 9
60.2
90. 7
62. 6
89. 2
114.2
77. t
11J.O
131.9
91.7
129. 7
87, 9
121 4
121.0
Index (mo. data seas. adj.).
Tot' 1 !, me! f1 in»i (pru'ite uid puUioit
Oi o f mi '*, M r u c h i R s
I'n, . . t ' % .nniHt
H>ous
d<«
do
r >' tlr n n i f if M 'pnvit 0 m<! p u m i c u
I i in ! r >\ oV m ir> i<?_
do
do
"Yason th <id!i-<4»'d U annual rates*! v
P o t i i me i n d i n g farm 'private nh .
Tot » l i i ' i) ( r i ' private only)
45, 625
52,112
125, 5X0
4,410
8* '79
JO Olh
5, 37b
11(), 10S
4, Iij7
87.H34
1 S73
1,509.0
1. 1% 2
965 f :
1, i"2 '»
1. 1G 1 < i
1/W4 5
1, 450 i,
M ' 7 ,i
1, 111 •
i i7j H
91 9
ol t
sf> 9
79 1
53 6
" 77 0
10 d
75. 1
50 J
i2 x
126. 1
S'J. 4
3 •:; . .",
r
ri i
845
824
931
910
1,111
956
1, 079
1, 149
1. 132
1,094
1,067
1, 116
1, 099
1, 274
1,254
1.233
1.2U
1 , H61*
1,356
1,093
> 9
1, 240
710
972
563
740
448
718
433
719
440
761
476
942
549
894
551
928
558
1,028
578
1,033
601
1, 109
630
116
121
122
122
[•)•>
]•>•)
123
123
123
123
124
126
824
904
925
814
808
867
941
963
867
852
883
953
980
890
864
SSI
SS5
970
979
X86
878
887
970
979
884
879
889
970
992
890
883
891
970
997
890
883
891
970
891
972
997
800
882
899
982
997
890
912
909
982
997
891
912
9SO
890
864
997
890
883
' 130.2
1
SP, 4
' 1,407
r
i,;isi
1, 127
639
626
r
!27
915
995
1, 013
923
912
r
• sr n
124.3
r
4, 932
136.S
iv,. :i
r 127.4
\ }A. 'J
nt
Associated General Contractors (building only;
128
123
127
1957-59 = 100-.
128
129
r
2
Revised.
' Annual total includes revisions not distribu ted to mo riths.
Com pi ted
3
from c u m u l a t i v e valuation total.
Data cover 0 i nonths.
i Revised series. Monthly data for 1962-66 appe ar in Bu. of the CJensus ( Construe ion
Report C30-66S.
n. 6
r s
r
1.04S
1, OJO
do
do
Nev | M- 'it - nousn.t' units authori/ed M nldg. perivf > MJ.POO pcnmt-isFumg places)^o; n i i b -adjusted at annual rates.
Totil.
.
thous...
Onp-f imil> structures
do
CONSTRUCTION COST INDEXES
Dcpt. of Commerce composite
1957-59-100
American Yppnisal C o , The:
A\ erase, 30 cities
1913 = 100
Atlanta
r*o
New Y o r K _ _ _
_
do
San Francisco..
_
do
St. Louis...
do. ."I
4, 695
W, 301,
"},' 113
0
5,414
IK 0
!;{;•;. o
1 , 429
• !,H99
1,4%
1,477
1,159
r
638
1,202
655
r
r
127
128
917
998
1,015
924
912
919
1,001
1,016
928
912
922
1,019
1,019
928
912
134
129
129
133
129
129
129
130
133
133
131
9Inc udes da ta not sh own septirately,
e for Sep t. and D(>c. 1966, i ml Mar. June, ai id Aug. ] 967 are fo r 5 week v, other r lonths,
4 week
ised daU , for Jan -May I9ti6 will be shown ' ater.
S-10
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
November 1967
1967
1966
Annual
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
130 1
144 3
i 130 6
i 144 9
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES— Con.
E. H. Boeckh and Associates, Inc.: 1
Average, 20 cities:
All tvpes combined
1957-59=100
Apartments, hotels, office buildings
do
Commercial and factory buildings
do
Residences
_
do
Engineering News-Record:
Building
do
Construction
_ _ . _
do
Bu. of Public Roads— Highway construction:
Composite (avg. for year or q t r . ) _ _ _ 1957-59 = 100
118.5
117.2
115 2
122
123
122
120
1
2
2
1
193 3
124 5
123 4
121 2
194 0
125. 1
124 2
121 8
124 7
12S' 6
125 0
122 2
195
125
]95
122
118 Q
127 8
1°3 8
134 3
125 2
136 5
I9 5 0
136 3
195 0
136 4
124 9
136 5
105.7
113 0
115 6
156 3
157 6
165 1
158 7
156 8
139.0
161.1
155 3
186 2
169 0
155 0
189 8
171 5
158 1
233 3
188.9
153.0
102.1
99 2
117 2
1
9
5
6
3
2
7
9
195 4
126 3
125 8
123 0
125 5
126 3
125 8
123 1
105 g
126 6
196 1
123 3
127 0
127.9
127 3
124 8
130 1
131.2
130 2
127 9
131 9
133.0
132 2
129 4
139 3
133.4
139 6
130 0
125 2
137 3
125 5
137 5
125 9
137 8
125 9
137 8
127 2
139 9
128 1
141 1
128 6
142 5
129 4
« 143 8
125
126
125
122
112.3
112 8
113 2
139 5
146 4
124 5
144 9
157 2
163.4
148 9
146 1
162.8
150 1
234 2
152.1
135 3
174 7
138 0
1°9 1
195 9
143 3
139 7
110 4
132 4
137 1
102 5
171 3
164 8
148 5
164 2
145 3
167 1
182 3
156 3
208 0
177.0
152.6
226.9
13.0
151
8.9
104
9.9
122
9.1
119
8.7
135
7.0
103
12.5
203
6 6
104
10.1
157
7. 1
107
10.7
135
7 7
104
16.6
152
10.3
103
14.8
162
11 0
125
16.0
160
10.9
108
515. 89
257. 14
415.68
270. 88
368. 53
247. 50
327. 27
225. 63
379. 30
213.88
301 12
168. 52
388. 16
195. 36
358. 98
184. 12
7,175
7,249
7,084
6,935
6,340
5,800
5,175
123.0
CONSTRUCTION MATERIALS
Output index:
Composite, unadjusted 9 _ _
Seasonally adjusted
1947-49-100
do
Iron and steel products, unadiusted
Lumber and wood products, unadj
Portland cement , unadjusted
do
do
do
r
r
r
156. 4
131 7
225. 4
187.9
165 7
264 5
16.3
166
12.8
135
12.7
150
12 2
145
17.1
176
11.6
124
14.6
178
10.8
129
15.3
181
12.3
153
406. 92
231. 28
508. 04
265. 88
501. 11
295. 92
653. 83
340. 29
643 11
352. 10
665. 33
434. 29
4, 782
4,421
4,302
4,221
4,153
4,122
4,113
T 2 228
1 944
REAL ESTATE
Mortgage applications for new home construction:
Applications for FHA commitments
thous. units
Seasonally adjusted annual ratest
do
Requests for V A appraisals
do
Seasonally adjusted annual ratest
-do
Home mortgages insured or guaranteed byFed. Hous. Adm.: Face amount
mil. $ 7, 464. 59 6 095 32
Vet. Adm.: Face amount^
do
2, 652. 23 2, 600. 53
Federal Home Loan Banks, outstanding advances
to member institutions, end of period
mil. $__
5,997
6,935
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
Nonfarm foreclosures
Fire losses (on bldgs contents etc )
number
mil $
23 847
16 729
1 119
947
866
935
788
950
1 347
1 339
1 738
2 162
1 860
5 922
10?697
7,228
3 604
7 748
5 377
241
572
306
208
473
266
184
423
259
189
422
324
165
365
258
205
420
325
306
571
470
312
586
441
400
779
559
435
1,046
681
382
951
527
116 664
117 473
9 615
9 676
9 713
9 208
10 211
8 701
10 584
9 774
9 914
10 035
1 455 63 1 496 76
118 71
121 75
115 63
142 21
159 74
155 08
149 66
142 86
143 15
164 04
144 17
r
424
'1 186
'618
389
1,002
553
173 25
116 95
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas. adi.:d*
Combined index
1957-59=100
Business papers
_
'do
Magazines
do
Newspapers
__.
do
Outdoor __ _ _
do
Radio (network)
_ .do
Television (network)
do
Television advertising:
Network (major national networks) :
Net time costs, total
m^'l $
Automotive, incl. accessories
do
Drugs and toiletries
do
Foods, soft drinks, confectionery
do
Soaps, cleansers, etc_ _
do
Smoking materials
_ do
Allother... .
.
do
Spot (natl. and regional, cooperating stations):
Gross time costs, total
mil $
Automotive, incl. accessories
do
Drugs and toiletries
do
Foods, soft drinks, confectionery
do. _
Soaps, cleansers, etc
_ .
do
Smoking materials
do
Allother
_
do
Magazine advertising (general and natl. farm magazines):
Cost, total
mil $
Apparel and accessories
. .. do
Automotive, incl. accessories
do
Building materials. _
do
Drugs and toiletries
do
Foods, soft drinks, confectionery
do
Beer, wine, liquors
Household equip., supplies, furnishings,
Industrial materials..
Soaps, cleansers, etc
Smokiner materials.
Allother..
do
do
do
do
do
do
147
108
92
109
175
136
121
148
128
159
119
91
118
194
160
130
165
132
77
113
227
1, 260. 3
99 1
409.2
234.8
112.0
145.4
259.8
1 411 3
106 7
429 8
274 0
131 5
161 4
308 0
301 5
21 4
93 9
59 7
34.5
35 3
56 8
446 5
39 9
128 0
80 0
35 3
52 5
110 8
'402 9
1 075 5
38 9
207 4
377.7
100.4
48 7
302 4
1 189 3
54 1
219 4
414.2
103 3
51 0
347 3
270 6
11 4
50 7
89.9
26 9
12 6
79 1
314 8
13 7
58 1
108.4
23 2
13 5
97 8
274 3
15 8
55 5
109.9
22 6
13 0
57 3
1, 076. 9
64.8
111.7
30.4
115.9
133.9
1 166 7
68.1
123.5
34 5
134.4
125.4
108 1
11 7
8.9
3 6
11.2
10.2
125.9
7.6
16.3
3.7
13.9
12.1
126.1
6.0
13.5
2.7
15.2
12. 8
101 5
4.0
7.8
1 4
13.8
10.3
69.3
71.5
50.5
21.7
41.6
365.6
79.2
80.1
53 3
17.6
39 6
411.0
6.3
7.9
5.1
1.8
36
37.8
8.4
11.1
5.9
1.7
3.9
41.3
11.0
8.5
5.6
2.5
4.5
43.9
14.1
5.0
4. 5
1.4
4 5
34.7
'Revised.
1 Index as of Nov. 1, 1967: Building, 130. 9; construction, 144.9.
^Copyrighted data; see last paragraph of headnote, p. S-l.
c
9 Includes data for items not shown separately.
Corrected.
151
136
157
119
80
125
206
155
128
167
124
95
114
210
150
128
168
110
116
93
201
122 8
r
86 9
r
37. 5
48 3
r 77 8
68 4
1.7
7.0
1 4
8.0
7.1
89 9
4 1
10 1
2 0
11.6
10.4
106 4
6.8
10.9
38
11.5
11.0
306.8
22.6
93.3
64.6
31.8
36.8
57.7
'317.6
r
21 0
85.4
66.0
30.8
r
37. 6
r
76 7
r 29 5
110.9
8.3
10.2
4.2
112.1
5.7
10.6
3.9
97.8
69.3
64,4
2.4
8.4
3.1
.9
4.0
1.7
5.3
3.1
1.5
108.0
118.4
9.8
8.2
3.1
13.3
7.0
2.7
10.2
6.9
13.3
9.8
14.8
10.8
8.1
5.6
3.4
6.6
8.1
6.8
5.6
3.7
2.9
8.6
6.5
9.3
6.4
4.4
3.6
5.9
55
6.3
2.4
1.6
1.4
2.5
2.5
2.3
3.5
2.9
3.5
2.5
3.1
31
24.4
32.6
39.1
23.6
38.2
39.9
tRevised seasonally adjusted data for 1958-64 will be shown later.
§Data include guaranteed direct loans sold.
cf Revisions for Jan. 1964-Feb. 1966 will be shown later, c Corrected.
6.5
6.2
9.5
9.0
3.0
2.8
4.0
1.1
2 5
29.7
5.1
3.5
41
1.7
34
33.9
13.0
8.6
13.4
9.6
14.9
10.4
10.8
9.4
7.1
2.0
3.2
38.8
5.6
2.2
3.8
39.8
SUKVEY OF CURRENT BUSINESS
November 1967
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
S-ll
1967
1966
Annual
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
July
Aug.
Sept.
246.4
74.9
171.5
11.9
5.8
17.8
136 0
269.8
76.3
193.6
11.2
4.2
19.0
159.2
269.8
73.1
196.7
13.7
4.8
26.2
152.0
Oct.
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Newspaper advertising linage (52 cities) :
Total
mil.
Classified
Display, total
Automotive
- _
Financial
General
Retail
3
1
3
3
6
5
9
294.3
80 2
214.1
15.6
58
28.9
163 8
300.1
80 6
219.5
16.5
5.6
29.3
168 1
279.1
76.4
202.7
15.7
5.4
26.3
155.3
21 648
95 679
25, 081
26, 557
27, 616
6 801
4 010
3 787
293
8 234
4 989
4 711
278
8 205
4,955
4 644
311
8,928
5,413
5 084
329
9,398
5,644
5,273
371
8,547
5,014
4 670
344
1 136
676
380
1 101
654
375
1 192
715
401
1,160
725
370
1,245
781
391
1,313
804
439
1,239 '1,325 ' 1, 353 11,378
'818
803
770
'424
456
399
1 014
645
369
777
574
203
741
557
184
905
684
221
999
738
261
1 115
844
271
1,167
884
283
1 143 * 1, 167
'911
881
'256
262
17 74S
1 553
325
614
383
9
31
22 888
9 540
586
979
638
337
15 549
1 224
272
480
273
199
14 847 17 445
]' 042 1 512
213
277
429
590
939
354
168
291
16 876
1,375
282
550
307
236
17 629
1,439
9
97
575
319
248
18, 218
1,473
337
552
337
247
lines
do
do
do
do
do
do
3 164 6
865 6
2 298 9
170 4
63 4
288 5
1 776 7
3 354 3
924 3
2 430 0
182 9
73 2
310 3
1 863 6
288 8
77 3
211 5
18 2
5 5
30 9
6
157
308 7
81 4
227 2
16 7
71
31 5
171 9
305 4
70 4
935 o
14 2
58
39 6
189 4
289
61
228
9
5
23
190
7
1
6
2
7
1
6
241 1
71 1
170 0
11 6
79
20 5
129 9
233
66
167
12
4
22
197
mil. $
283 852
303 672
24 864
25 923
26 158
31 804
92 567
do
do
do
do
93 718
56* 266
53 217
3 049
97
57
53
3
812
414
875
539
7 659
4 095
3 799
'296
8 625
5' 096
4 789
307
8 410
4 899
4 587
312
8 916
4 638
4 236
402
7 018
4 197
3 963
234
Furniture and appliance group 9
Furniture homefurnishings stores
Household appliance TV, radio
do
do
do
13 737
8 538
4 223
14 978
9 089
4 905
1 311
777
442
1 332
815
426
1 391
836
453
1 712
943
622
Lumber building hardware group
Lumber bldg materials dealers cf
Hardware stores
do
do
do
12 115
9 302
2 813
12 307
1 082
835
247
1 077
827
250
1 012
759
253
do
190 134
do ._ 15 752
do
3 258
do
6 243
do
3 680
2 571
do
205 860
17 276
3 537
17 205
19
469
85
571
358
955
17 998
1 478
997
596
362
923
6
4
2
3
7
7
5
278
74
°04
14
5
25
158
RETAIL TRADE
All retail stores: f
Estimated sales (unadj.), total t
Durable goods stores 9
Automotive group
Passenger car other auto dealers
Tire battery accessory dealers
Nondurable goods stores 9
Apparel group
.
Men's and boys' wear stores
\V omen's apparel accessory stores
Family and other apparel stores
Shoe stores
0 oxn
2 967
fi' Q1 3
4 m^
2 811
26, 005 '26,201 '26,260 126,231
' 8, 298 ' 8, 187 i 8, 499
' 4, 669 ' 4, 517 i 4, 889
* 4, 338 4,198
319
'331
1,135
879
256
17 458 '17,903 ' 18, 073 U7,732
1 301 '1,451 ' 1, 570 U,483
'293
305
286
r
546
590
492
314
'372
393
'240
282
209
'889
2, 205
6, 252
5, 739
2, 019
do
do
do -. _ do __
do
9,335
21, 423
66 822
60 970
21 765
10, 148
23, 431
71 125
65* 105
821
2,034
6 039
5 544
1 993
841
2,006
5 922
5 430
1 959
840
1,884
5 755
5 279
1 929
1,195
2,039
6 679
6 134
1 97°
837
1,845
5 548
5 099
1 827
818
1,726
5 407
4 961
1 729
893
1,940
6 096
5 596
1 901
851
1,991
5 810
5,348
1 940
894
2, 093
5 888
5 391
9
034
910
2,197
6,259
5,742
2, 136
879
2,293
6 145
5 632
2 159
'888
'2,316
' 6, 059
' 5, 544
' 2, 113
General merchandise group 9
do_.__
Department stores
do _ _
Mail order houses (dept. store mdse ) do
Variety stores
do -_
Liquor stores
do
35, 840
23 421
2 581
5 320
6 305
39, 811
3,274
2 158
218
462
551
3,375
467
551
3,958
2 575
341
524
587
6,111
4 095
350
989
896
2,511
1 658
156
330
514
2,400
1 534
179
347
500
3,197
2 077
221
466
551
3,049
2 016
199
414
541
3,322
2 194
208
470
579
3,483
2,322
198
492
586
3,085
2 008
179
455
577
' 3, 502 '3,515
' 2, 280 '2,316
'233
223
'501
497
' 580
587
25, 897
Drug and proprietary stores
Eating and drinking places
Food group
.
Grocery stores.._
Gasoline service stations
90' f\i 9
9fi HQ4.
5
797
9 291
939
'
'
'
'
1883
12,173
i 5, 861
i 5, 344
i 2, 043
i 3, 530
i 2, 292
25 703
25 550
25 610
25 368
25 687
25 470
25 739
25, 918
26, 544
26 444 '26,422 '26,753 126,152
do.___
do -_
do
do -
8 394
5 034
4 725
309
8 276
4 921
4 618
' 303
8 143
4 761
4 445
316
8 156
4 745
4 445
300
8 200
4 604
4 298
306
7 955
4 394
4 085
309
8 150
4 602
4 291
311
8 104
4 660
4 348
312
8 187
4 759
4* 448
' 304
8,546
5,069
4 750
319
8 592 ' 8, 508 ' 8, 731 i 8, 155
5 130 ' 5, 053
5 227
4 898
4 814 r 4 731
'322
329
316
Furniture and appliance group 9
Furniture, homefurnishings stores
Household appliance TV, radio
do
do _ _
do
1 293
777
440
1 266
766
402
1 283
775
416
1 270
741
425
1 319
' 792
499
1 308
780
449
1 978
755
441
1 286
'791
493
1 306
795
490
1 295
775
450
1 967
784
397
' 1 299 1 333
' 781
810
r 424
442
Lumber, building, hardware group
Lumber, bldg. materials dealers cf
Hardware stores
_
do do do _ _
975
732
243
971
724
947
986
737
949
997
747
9
50
1 062
803
959
1 058
801
257
1 049
794
255
1 048
' 779
269
1 001
750
9
51
1 014
754
260
1 031
771
260
r 1 025
17 309
1 472
313
579
349
231
17 274
1 466
994
589
351
232
17 467
1 463
303
573
345
942
17 212
1 386
939
536
335
233
17 487 17 515
l' 514 1 476
304
' 317
576
587
357
360
239
250
17 589
1 443
315
557
343
228
17 814
l'585
'333
614
384
254
17 710
1 490
317
585
342
246
17 998
1,524
326
596
358
244
876
1 979
5 921
5 437
1 939
892
2 019
5 861
5 376
1 915
877
9 036
5 911
5 417
1 931
883
2 096
5 942
5 452
1 968
889
2 046
6,041
5 535
1 964
906
2 034
5 985
5 513
1 99°
903
2 038
5' 9%
5 507
1 996
2
6
5
2
3 311
2 162
216
475
56-1
3 419
2 244
29()
486
591
3 361
9 191
230
472
595
3 327
9 200
293
448
584
39
479
2 78
' 230
590
609
3 468
9 2x3
215
504
598
3 604
2 377
228
516
599
Estimated sales (seas, adj.), total f
Durable goods stores 9
Automotive group
Passenger car other auto dealers
Tire, battery, accessory dealers
do
Nondurable goods stores 9
do
Apparel group _ _ ...
do._
Men's and boys' wear stores
do
Women's apparel, accessory stores, -do.
Family and other apparel stores
do
Shoe stores.
_
do
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores
Gasoline service stations
do
do
do
do
do
860
1 975
5* 947
5 446
1 931
859
1 974
5 949
5 452
1 996
General merchandise group 9
Department stores
Mail order houses (dept, store mdse.)
Variety stores
Liquor stores
_
do
do
do
do
do
3 341
3 354
2 195
999
484
561
Estimated inventories, end of year or month: t
Book value (unadjusted), total f
mil $
Durable goods stores 9
. _
do
Automotive group
do
Furniture and appliance group
do
Lumber, building, hardware group do
9 189
299
486
567
3 476
9 273
238
503
570
33, 435
14, 737
7,070
2,390
2,386
35 846
16, 144
7 938
2 512
2 401
35
15
6
2
2
628
015
422
698
455
37
15
7
9
2
193
760
035
759
489
38
16
7
2
2
do
do
do
do
do
18, 698
3,811
4,066
5,882
3,519
19 702
4 102
4 201
6 425
3 919
20
4
4
7
4
613
449
202
027
271
21
4
4
7
4
433
575
310
593
608
21 787
4' 649
4 258
Book value (seas, adj.), total f
.do
Durable goods stores 9
do
Automotive group.. _
do
Furniture and appliance group
do
Lumber, building, hardware group, .do
34, 607
15, 194
7,244
2,449
2.467
Nondurable goods stores 9Apparel group
Food group..
General merchandise group .
Department stores
171
384
615
775
499
7*671
4' 760
36 961 36 355 36 680 36 734
16, 536 16,241 16, 496 16, 581
8 108 7 719
8 171
7 949
9 648
2 574
2 656
2 666
9' 522
2.483
2.467
2 525
' Revised.
i 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
Ketail Irade (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
35
16
7
9
2
846
144
938
512
401
19 702
4 102
4' 201
6 425
3 919
35
16
8
2
9
856
574
160
515
444
19 282
3 977
4 164
6 309
3 793
36
16
8
9
2
349
681
255
518
410
19 668
4 222
4 129
6 460
3 891
923
059
050
548
040
' 767
'258
1 054
800
254
r
17 852 '17 914 !8 022 117,997
1 538 ' 1, 562 1,554
332
323
'340
'605
601
594
r 367
372
371
258
'250
241
'913
903
2 071 '2 094
6 002 ' 6, 019
5 500 '5 516
9 Q90 T 9 003
908
2 137
6,058
5, 545
2 017
3 599 '3 565 3,586
9 305 r 2 341
2 351
9
239
'222
36
T 516
517
506
597
580
'597
108
855
221
548
471
37
16
8
2
2
199
826
105
599
514
36
16
7
2
2
935
695
966
606
527
36 9
337
16 95
7 683
9 594
2 477
35
15
7
2
2
894
972
363
556
432
35
14
5
2
2
106
691
972
564
419
35, 705
14, 786
6 066
2 603
2 440
20 253
4 308
4 189
6*767
4 108
20
4
4
6
4
373
314
167
833
193
20
4
4
6
4
240
270
149
816
120
20
4
4
6
4
19
4
4
6
4
922
125
122
760
076
20
4
4
6
4
415
407
108
970
212
20, 919
4 545
4 156
7,320
4 449
37
16
8
2
2
042
131
176
693
095
36 961 36 924 36 644 36 526 36 236 36 963 36 087 35 997 '36 028 36, 143
16, 536 16, 491 16,315 16, 142 16.033 15, 904 15,661 15, 549 '15,503 15, 711
7 672
8 108
7 867
7 515
7 154
7 409
7 315
6 966 ' 6 867 7 041
9 574
2 571
9 586
2,567
2 569
2 612
2 561
2 598
2 568
2 585
9
2.452
2! 483
2! 530
2! 447
418
2.448
2. 451
2*419
2.427
2.429
that order to pp. 26, 18, and 20, respectively); revised accounts receivable data prior to Oct.
1965 are not available. Complete details for retail sales appear in the Monthly Retail Trade
Report, Jan. 1966 and subsequent issues, available from the Bureau of the Census, Wash.
D.C. 20233. 9 Includes data not shown separately. <? Comprises lumber yards, building
materials dealers, and paint, plumbing, and electrical stores.
November 1967
SURVEY OF CURRENT BUSINESS
S-12
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1967
1966
1966
Annual
Oct.
Sept.
Nov.
Dec.
1
Jan. ! Feb.
Mar.
Apr.
May
June
Aug.
July
Oct.
Sept.
DOMESTIC TRADE—Contmued
RETAIL TRADE— Continued
All retail stores!— Continued
Estimated inventories, end of yr. ormo.f — Con.
Book value (seas, adj.)— Continued
Nondurable goods stores 9
mil. $._ 19,413
Apparel group
do
4, 033
4, 086
Food group
do
General merchandise group
do...":
0, 340
3, 772
Department stores
do
20, 425
4,318
4 209
6, 909
4, 200
20,114
4,174
4, 219
6, 721
4, 079
20, 184
4,186
4. 230
6 753
4, 074
20, 153
4. 230
4, 150
6, 745
4,111
20, 425
4,318
4, 209
6, 909
4,200
20,433
4, 343
4/248
6, 951
4,240
20, 329
4. 389
4, 162
6, 832
4,162
20. 384
4, 369
4, 156
6, 895
4,179
20, 203
4. 288
4,114
6,817
4, 115
20, 359
4, 335
4.149
6. 900
4, 174
20,426
4,321 j
4,184
6904
4,201 i
20,448
4,328
4,189
6,961
4,233
Firms with 11 or more storesrf
Estimated sales (unaclj.), total 9 1
9,910
5, 695
5,550
6, 855
6,500
6,839
7,252
430
45
152
133
371
43
140
101
404
47
152
111
j
415 1
53
151
114
6,683
271
31
102
76
do
73, 350
80, 323
6, 759
6, 804
7, 190
do
Apparel group 9
4,44"
r
)57
4,7-0
1,779
1, 269
409
51
1 55
100
444
1,0%
1,1 68
401
44
145
116
2, 300
l,8<ii
1,1<M
2, 603
1, 276
214
189
109
IV,
115
20,11°
17 '03
4, O'Ji
>-l OSS
2, 38s
!•• f i " 3
1 "M
: 40%
1 (>', '2
27 027
" * <j O r >
1,312
1,472
Women's apparel, accessory stores.
do
Shoe stores. _.
_ _ _ _ _ __,do_ _
Drug and proprietary stores
Eating and drinking places
do
do___
General merchandise group 9
do
Variety stores
do
9
J">">
Drug and proprietary stores
Eating and drinking places
Dept. stores, excl. mail order sales
Variety stores
247
223
113
Total (seasonally adjusted)!
Durable goods stores
Nondurable goods stores
Charge accounts
Installment accounts
253 !
222 ;
H9 !
250
206
103
229
202
104
243
214
115
256
223
116
.">77
'6' I
221
185
89
2, 886
1 947
429
4.440
2 OS 7
8' ;9
1, 822
1 '-'56
266
1, 720
1 146
278
2, 324
1, 561
383
2, 237
1,533
341
2,432
1, 667
388
2,559
1,767
407
2,276
2,590 i 2,575 j
1,547 i 1,750 ; 1,757
371
414 i
412 ;
2,692
2,582
2, 949
2, 330
2, 334
2, 686
2, 516
2, 498
126
175
97
93
116
127
133
__
0, 762
6, S71
6, 856
6, 700
0, 885
6, 907
6, 852
6, 993
6,948
395
50
144
K'4
406
49
l,V,
106
406
49
151
312
397
421
4N
141
109
154
112
418
46
I GO
109
372
47
138
98
438
50
165
121
407
47
151
109
225
183
007
185
237
191
242
206
240
213
254
214
253
209
245
205
252
209
424 !
52
155 !
112
1
261
209
2,444
1, 605
388
2, 495
1,664
390
2. 552
1 , 725
411
2.4113
1.038
388
2, 513
1, 730
402
2,471
1, 685
387
2,449
1, 671
369
2, 528
1, 683
420
2.482
1,710
417
2 627
1,774 I
422
2, 519
2. 549
2.518
2, 489
2, 492
2, 548
2, 556
2, 583
2 575
2,591
122
123
128
! 24
127
"iai"
135
A 11 retail stores, accounts receivable, end of yr. or mo.
Total (unadjusted)f
mil. $..
Durable goods stores
do
Nondurable goods stores
do
Ch n rge accoun ts
do
Installment accounts
do
251
226 \
118 i
193
90
2 437
Grocery stores
do____
Lumber yards, bldg. materials dealerscT-.-do..-Tire battery, accessory dealers
do
i
444
47
160 1
135 j
380
203
136
123
do
do
411
43
148 !
112
2°9
184
117
do____
do
Apparel groun 9
Men's and boys' wear stores.
Women's apparel, accessory stores
Shoe stores
_ _
7,292
339
39
126
92
99
266
169
" ^P
-do
!
166
108
?
do
_do
do
do ._
Estimated sales (seas, adj.), total 9 t _ - _ _
7,063
;
;
j
306
43
106
85
116
Grocery stores
do
Lumber yards, bldg. materials dealerscTV-.do
Tire, battery, accessory dealers
do.. _
20,525 l 20,432
4.333
4,264
4,205 ' 4.181
6,997 i 7,019
4,250 j 4,261
|
i
!
!
150
2,549
129
7,171
196 i
7,162
7,013
.
...
2,753
122 i
7,215
415
49
150 i
HI !
436 ;!
54
156
119 ;;
436 ;
52
157 |
122 ;
256
208 |
265 !1
209
261 j
216 j
'? 643 i o 486 ! 2,646 '
1,738 i 1,780 ' 1,759
416
427 !
428 1
2,613 1 2,628 : 2, 640 i
" "123 """iSO"
"
118
" "125"
127
18, 193
7,120
11,073
8, 260
9, 924
17,420 ' 17,546
6. 975
6, 991
10,445 10,555
7. 739
7, 855
9,' 681
9,691
17.816
10 835
7. 970
9, 846
18, 986
7, 212
11, 774
8, 164
10, 822
1,8,167
6. 954
j 1,213
7, 630
10,537
1 7, 538
6 751
10,787
7. 338
10,200
17,656
6, 766
10,890
7,518
10, 13*
17,814
6, 875
10, 939
7,789
10, 025
18, 005
6,943
11,062
8,013
9, 992
18,359
7,225
1 1 , 1 34
8,194
10,165
j MS. 034 ' ]S (W 18,341 i
| -7,128 i 7 ; 1 4 ,- - 7,250 ' _ _
I r 10. 90f 10 030 1 1 , 09 1
! r 8, 010
7' 050
*• r >^ -MO, 024 ; 10^32 10,300 '
17,034
6,916
10,118
7, S33
9 201 :
do
do
do_
- - do. _ I
do
18, 986
7 212
11, 774
8,164
10, 822
17 767
6.987
10, 780
7. 730
17, 592
6,817
10, 775
7. 818
9 774
17.744
6 905
10. 83!)
7. 834
9,910
17.767
6. 987
10, 780
7, 730
10, 037
17,849
7,124
10,725
7, 690
10,159
1 \ 007 18. 159
7,129
7. 144
10. Sn3 11,030
7 804
10, 286 10 35'
18.211
7.181
11,030
7, 920
10, 291
17,926
6, 973
10.953
7, 827
10 099
38,225
7,049
11,176
7,99:2
10,233
M8. 169 !' 18 251
rfi. 985
(V 074
Ml, 184 ]; if 277
| ra.OlG
1 993
MO, 153 : 10 258 i
10 037
a 9,si
17,578
6,775
10, 803
7 807
9,771
18.537
7, 119
l'i-418
8.130
10,401
LABOR FORCE, EMPLOYMENT. AND EARNINGS (see box, bottom of p. S-15)
!
)F THE UNITED STATES
!
rces overseas
mil.. J i 194, 59 j * 196. 92
BOR FORCE
rears of age and over 4,
i v i l i a n labor force*
o
. _
_ _ . .
Employed, total
mplovment- - - _
1 civilian workers). .
tonally Adjusted
Civilian labor forc>e0
thou;do
do
' 77, 17^
74, r,",
' 71,0^
7s- ^3
7-V.70
7J, xO'>
4 3» i
3.30*.
3 "!\?
J <-75
do_
do
'
!
do
do
_ do. _ _
do
i
1
'
197,32
7-\ *'"< ( )
73.1.47
i, IV,
2
" ! >,1
r
19" 4
I
197 03
!
1
I<A 11
l',s >
li* 43
108 61
MA 7 ,
70,644
7fi ^ i
73 y,u
197 74
1
7S7<>«
7" ^ t
;_ no
"' l < i 7" t,s'»
7 "0 .
78 «HM
7o '13
72 ' ( 0
7^,560
76. I l l
73,44")
-o, >«q
7t i,^
73 H7
^ „' 404
- '» ojn
7 " 30;
H
^ In i
^ >i
•> 1^-S
3.4 1 !
J.M'i-t
3. ~.l
2, i>T)
3 ^ =>
2,457
4 30'
3 62s
if 7 77 OJ"
J"
7 i 137
Ji" 7' J 4 7
ol
3 SMO
«.] >
> V.V.X
4v,
4V<
7h, " J3
"3,747
f)9,S^2
3 v"
' , 7»>
Ht,
76.740
73,910
70,020
3 S90
}
s3n
43b
76 ISO
73 J8<»
hO, n'i7
3 <»5 >
^ (/()'>
414
7'-, is,
"o '(^
73 7H
7'*, •*'»)
7*> "73
73.0U-
4 ill
.' if,:
] M"
> Vs
i *H)
1 '."">
70 OM
73 1 «"
t>o, 420
3 779
' ss '
517
7'» tU2
73, SU7
rn. 005
3 ^02
>
71 "i
4^4
7ti 7t>4
73, sf-3
t>o ssj
4 v( H I
^ "i 1
40t,
77
74
7n
4
>
"7
•J
"""
-(
j
237
147
4.0
7 '"
(YH\
444
755
53t>
70 039
73,105
d'}, 30'*
3* s86
1
S14
493
4.5,
3 2 !•
4 5
14 8
3.8
2. 5
3. 8
12.7
3.7
0
4
38
12. 9
3.8 '
? 4
40
12 7
3.5
24
34
11.4
3.7
24
3.9
12.2
3.7
2,2 '
4. 3
11.0
3.7 ;
2.2 ;
40
13.2
3.0
2.3
4.110.7
3.7
2.3
4.1
11.6
3.8 i
2. 4 ;
39
13.1
40
26
43|
12 6
2.4 '
8.1:
4. 1 1
1.9
7.3
3. 3
1.9
7. 2
3.2
1.9
7. 4
3 4
1.7
6. 9
3. 1
1.7
7. 6
3. 3
1. 7 i
6. 6 :
3. 3 i
1 6 i
7. 1 !
3. 3 i
1.7
7. 4
3.1
1.9
7. 3
3. 3
1.9
7. 8
3. 3
2.0
7.8
3.5
White-collar workers*
i
°?
Blue-collar workers*
i
53
rivate wage find salarv workers*.]
4.0 ;
Construction'
ion*
"
i
10 1 ;
Man
jring*
i:
4. 0 '
Di
? goods*
3.5
r
Revised.
i As of July 1.
fSee corresponding note <
9 Includes data not shown separately.
cf Comprises lumber yards, building materials deale rs, an i
stores.
©Effective Feb. 1967 S T R V K Y , d a t a reflect revised
age, sample, and definitions as follows: For oil periods
^ 0
42
3.8
81
3. 2
2.8
0
0
19
4.2
3.6
9.2
2. 8
al employment
mplovment
_
15 weeks and over
do
loyed in each group as peicent
that group):©
:
workers
j
3
ars and over
j
0 years and over
'
S "16-19 vears
!
1*
Married men*
Nonwhite woi
-orkers*
White workers*
ers*
1
j
!
3
4.1
3.8
8. 5
3.2
2 0
1
40
3.8
8 8
3 0
, p l u m b i n g , and electrical
-tors an< I changes in coverperson: : 16 years <
i
i
;
;
:
! ' • » '<_'
199. "3 , 10
^2 J2n
7r» 4"!
76 22 i
x>' i
"<i 11_
7ti 1 <
v.i Ox_>
7" l' '<
M "i
x]
7W
4 'If,
3 r>0
4 ^s
J ( M.
^ «1
5
77 505
74 480
7(U,33
3 85(,
3 016
43^
77, 7i 1
74 7 i S
7n 7 Jo
-! 00 '
' 0s- 3
441
7" sn3
71 ' 2 "
" ' ''40
3, h7t
3 17vi
437 >
77
74.no
74
70,
7( OJ3
3,
3 707
3.
'1 367
489
3. s
2.4
3,9
13. 7
4. 1 j
2.3 i
4.9 !
13 8 |
i
1.8 j
7.9 i
3. 6 j
4.3
2. 5
4.8
15. 1
os Mi , 199 12
39
24
4.3 1
12.6 i
1
1.8
7.2
3.5
;
1
:
;
|
2.0 ;|
0.9
3.5 !
1.9
8.8
3.8
2.5
22
22
2. 2 i
2, 5 l
2 1 i
20;
21
17'
19;
4. 9
4.7
4.7
4. 4 '
4, 6 i
4.2 I
4. 1 i
42
4.6
4. 6 i
4.4
4. 0
4. i
3. 9 ;
4. 2 i
3.S
3. 7 !
3.7
3. 7 !
3. 9 I
7.2
8 6 i
7. 6
7. 1 :
5, 4 ;
7.5
7. 3 i
7. 1
8. 1
7.8
4.1
3. 9
4, 0 !
3. 8
4. 1 i
3 3
3. 3 j
36
3. 7
39
3.6
3. 0
2. 8
3. 0
3. 4 1
38
361
4. 1
3. 4
3. 7
over ( e l i m i n a t i n g about a m i l l i o n person* p r e \ i o u M \ c r v ^ r e d ) , b c c m n u i r T 'r 1 lot 7
e x D ; u i d f d ; f o 52,500 ho'??i'lK.UK) and ch in^ps nnd in d c f i ' i i n o n ^ fo> ( i^\n\ i> M* in 'in
(vnplovTrient (data are reasonably compar'.bV \ \ i t n ( ,rher estimates); st^ Feb i" i Mir 1967
BLS E M P L O Y M E N T A N P E A R N I N G S A N D MONTHM Hi-PORT O X T H I - L VB m F O R T F I V ^ ( H O ,
Washington. D.C. 20402.
*New series Monthh d ita are availibk oick to 104 fui tome
series; 1957 for others.
19
4.2
3.7
8.9
3.0
SURVEY OF CURRENT BUSINESS
November 1967
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
Annual
S-13
1967
1966
Sept.
Nov.
Oct.
Dec.
Feb.
Jan.
Apr.
Mar.
June
May
July
Sept.
Aug.
Oct. p
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued (see box, bottom of p. S-15)
EMPLOYMENT
Employees on payrolls of nonagricultural estab.-.f
Total, not adjusted for seasonal variation .. thous. .
60,832
Total
thous
60, 832
Mining
do
632
Contract construction. .
.
do
3, 186
Manufacturing
do
18.062 j
Durable goodsdo
10.406
226
Ordnance and accessories. do
Lumber and wood products
do
007
Furniture and
fixtures
do
431
Stone, clay, and glass products
do
628
Primary metal industries. „
do
1,301
Fabricated metal products
_ . . do. .
1,269
Machinery, except electrical
do
1,735
Electrical equip, and supplies
do
1,659 |
Transportation equipment
do
1,741
Instruments and related products
do
389
Miscellaneous manufacturing ind
do
420
Nondurable goods
do
7.656 !
Food and kindred products
do
1,757 !
Tobacco manufactures . . . . .
.do
87 i
Textile mill products
do
926
Apparel and other textile products, .-do
1,354
Paper and allied products .
do
639 i
Printing and publishing
do
!
979
Chemicals and allied products
do
'
908
Petroleum and coal products
do
183
Rubber and plastics products, nee _ _ . do
471
Leather and leather products
do
353
Transportation, communication, electric, gas,
and sanitary services
thous..
4.036
Wholesale and retail trade
. . do
12,716
Wholesale trade
do
3,312
Retail trade
do
9.404
Finance, insurance, and real estate
do
3, 023
Services
.
do
9,087
Government
do
10,091
Federal
.
do
2. 378
State and local
do
7,714
Production workers on manufacturing payrolls:
Total, not seasonally ad justed t
thous
13, 434
65, 215
65, 594
66, 514
66, 129
66, 408 '66,665
65, 692 65, 749
624
624
3,313
3,352
19, 507 19,445
11,482 11,434
286
283
602
607 1
603 |
459
465
486
638
640
642
,332
1,362
1,348
,364
1,374
1,372
,984
1,984
1,988
,947
1,958
1,959
,932
1,938
1,938
454
456
453
434
442
436
8,011
8,025
8,051
1,803
1,795
1,798
84
89
85
952
954
963
1,384
1,414
1,401
684
680
681
1,065
1,056
1.053
981
984
983
186
187
187
521
523
351
360
356
65, 653
620
3,276
19,331
11,322
288
592
455
628
,305
,354
1.979
,916
,916
456
433
8,009
1,800
86
945
1,390
680
1,063
984
187
520
354
65, 639
617
3,192
19, 238
11,283
286
584
453
624
1,299
1,348
1,972
1.901
1,927
454
432
7,955
1,797
86
941
1,395
679
1,064
982
187
472
352
65, 903
619
3,187
19, 285
11,285
290
590
452
626
,295
,357
,972
,872
,947
454
430
8,000
1,806
87
948
1,396
688
1,066
990
189
479
351
65, 939
623
3,231
19, 169
11,218
292
585
447
625
1,280
1,350
1,969
1,889
1,896
455
430
7, 951
1,790
89
940
1,376
689
1,066
989
191
479
342
66, 190
••606
3,223
19, 318
11,351
297
••585
'451
626
' 1,281
1,356
'1,976
' 1,916
' 1, 980
456
'427
' 7, 967
' 1, 751
'85
'946
'1,381
'687
' 1, 067
'992
'190
521
347
4,247
13,541
3, 521
10, 020
3,165
9,883
11,373
2,673
8,700
4,246
13,557
3,535
10, 022
3,179
9,946
11,439
2,685
8,754
4,212
13, 572
3,545
10,027
3,194
9,973
11,475
2,688
8,787
4, 267
13, 609
3,549
10, 060
3,205
9,987
11,524
2, 698
8,826
4,266
13, 648
3, 555
10,093
3, 227
10,035
11,636
2, 747
8,889
4,292 ' 4, 283 ' 4, 266
13, 647 13, 664 '13,706
3, 555 ' 3, 569 r' 3, 558
10, 092 10,095 10, 148
3, 234 ' 3, 253 ' 3, 263
10, 074 10, 130 ' 10, 167
11,669 '11,713 11, 658
2, 746 ' 2, 715
2,759
8,910 ' 8, 967 '8,943
4,256
13, 748
3,562
10, 186
3,270
10, 177
11, 729
2,704
9,025
14,304
14,252
14, 200
14, 104
14, 059
14, 249
13,996 '14,261 ' 14, 314
14, 243
14.506
8,502
140
530
385
512
1,106
1,068
1,398
1,348
1,373
289
353
6,004
1,196
77
856
1 , 254
527
658
585
117
411
313
14,436
8,459
143
524
384
509
1,091
,065
392
,345
,371
288
347
5,977
1,197
73
848
1,243
529
670
585
117
406
309
14, 358
8,407
146
525
379
509
1,073
1,059
1,388
1 , 332
1,3G3
289
344
5, 951
1,200
72
845
1,226 i
531
674
580
116
403
304
14, 233
8,286
147
514
374
499
1,049
1,046
1,380
1,298
1,347
289
343
5,947
1,195
73
838
1,232
526
673
583
118
402
307
14,147
8,254
147
507
375
495
1,042
1,041
1,373
1,284
1,361
287
342
5,893
1,196
74
835
1,235
525
672
580
117
354
305
14,170
8,240
149
512
371
498
1,037
1,048
1,372
1,251
1,377
285
340
5, 930
1,201
75
841
1,239
535
673
583
119
362
302
14,056 ' 14, 191
8,170 '8,299
'155
151
'509
508
'369
366
'497
498
' 1, 024
1,023
1,048
,041
1,375
,368
1,265 '1,290
1,326 ' 1, 410
'285
285
'337
339
5, 886 ' 5, 892
1,185 ' 1, 148
72
76
'839
834
1,220 ' 1, 223
'534
536
'673
674
585
585
'118
119
'401
362
'299
295
65, 351
65, 559
66, 087
64,531
63,982 84, 394
625
625
3, 292
3, 260
19, 186 19,337
1 1 , 256 11,401
256
263
613
602
462
465
645
639
1 . 345
1,361
1,349
1 , 358
1,947
1,911
j , H96
1 , 942
1,912
1,949
439
433
434
436
7, 930
7,936
1 763
1 , 779
80
84
964
962
1,396
1 , 399
66X
667
1,022
1, 032
958
969
1S6
186
510
517
362
364
64,694
623
3,239
19, 422
11,457
267
599
466
640
1,370
1,364
1,659
1,956
1,955
445
436
7, 965
1,769
79
963
1,404
673
1, 037
973
186
519
362
65, 014 65, 251
621
623
3,241
3, 291
19, 498 19, 526
11,485 11,496
270
272
596
598
469
469
640
640
1,364
1,369
1,374
1.372
1,978
1,968
1 , 955
1,956
1,959
1,959
451
446 '
438
438
8,013
8, 030
1,795
1, 793
84
86
962
962
1,411
1,408
678
679
1,044
1,041
976
978
187
187
523
361
361
65, 564
625
3.311
19, 558
11,507
4, 151
13,211
3.438
9,773
3. 102
9, 545
10,871
2. 564
8,307
4,184
13.279
3, 455
9, 824
3,118
9,619
10,972
2, 597
8,375
4,190
13, 354
3,469
9, 885
3,120
9, 675
11,071
2, 617
8, 454
4,212
13, 406
3, 484
9, 922
3, 1 32
9,744
11,1 0
2,616
8, 544
4,218
13,416
3, 496
9, 920
3,144
9,781
11,252
2, 653
8,599
4,242
13,515
3, 512
1 0, 003
3.152
9,840
11,321
2, 667
8,654
14, 273
14, 657
14,653
14,819
14, 513
14,490
8, 505
133
521
389
512
1,116
1 , 069
1,384
1,352
1,396
284
349
5, 985
1, 195
72
856
1,252
526
660
584
117
408 !
315
14,495
8, 501
136
519
389
513
1,109
1,069
1,390
1,347
1,394
286
349
5, 994
1,195
64, 491
Seasonally Adjusted
Totalt
.
Durable goods
Ordnance and accessories
Lumber and wood products
Furniture and
fixtures
.
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
...
Machinery, except electrical
Electrical equipment and supplies
Transportation equipment
..
Instruments and related products
Miscellaneous manufacturing ind
Nondurable goods
Food and kindred products
Tobacco manufactures. _
.
Textile m i l l nroducts
__ .
Apparel and other textile products
Paper and allied products
Printing and publishing. _ „ .
Chemicals and allied products
Petroleum and coal products.
Rubber and plastics products, nee
Leather and leather products
thous.. 13,434
14,273 14.363 14,434
do
8,448
8,488
7,715
8,349
do
128
130
122
96
do
524
522
532
535
. . do .
385
386
357
383
do
512
511
505
518
do
1,108
1,117
1,096
1,062
. , do
1,062
1,057
983
1 , 050
. , do .
1,372
1,380
1,215
1,345
do
1,349 ! 1.356
1,140
1,317
..do .
1,390 ! 1,393
1,241
1,361
do
279 i
283
277
248
do
345
347
336
347
do
5,915
5, 925
5, 946
5,719
do
1,174
1,166
1,159
1,181
. do
68 !
67
72
I
75
do
858
858
827
857
do
1,240 | 1,248 !
1,206 !
1,243
do
522
498
516 i
519
do
658
650
655 J
621 :
..do .
578
581
546
do
116 i
116
116
113
do
402
406
366
397
do....
316
318
318
310
856
1,252
527
663
584
118
411
314
66, 831
64,843
65, 017
63, 982
Seasonally Adjusted
r
66. 047 66, 165
595
'599
' 3, 235 3,224
'19,153 19, 166
'11,163 11,151
'299
301
589
'586
452
451
'622
630
1,266
' 1, 265
1,328
'1,329
1,932
' 1, 962
1,893
'1,883
1,882
' 1, 887
453
'452
425
'427
8,015
' 7, 990
1,780
' 1, 780
83
'81
952
'949
1,382
'1,375
685
'681
1,067
' 1, 065
999
992
191
191
527
'527
349
349
' 14, 025 14, 02e
8,082
8,113
15C
'154
5K
'509
37S
370
'494
5<K
1,00^
1,007
'1,023
1.01J
l,33i
'1,363
1,26,
' 1, 264
1,30'
'1,312
28<
281
33
'336
5,94;
' 5, 912
1,18'
' 1, 178
7
'69
84
'842
1,22
'1,218
53
'528
67
'669
59
584
11
'119
40
'405
30
300
HOURS AND MAN-HOURS
Seasonally Adjusted
Averare \\eeklj- gross hours per production \vorker
on p,i\iol3s of nonagnculturnl esUb t
Mining
hours
Conti »ct f o i n - t r m t i o n
do
Maniif iiltirmcr Not season ul> adjured
do
kSpasonalh adjirted
do
O \ e i i i m e houi<do
Durable g(ods
do
O \eitime houis c
do
Ordii moo md uce son(s
do
Lumber ind wood p i o d » i ( t >
do
} uimnm md f i x t u r e .
do
Moi'e, cl rs and pliss pioduc i^
do
Piimars, n.et il industries
do
1 dbrir it°d n et il pioducts
do
M i( him t \ , ov opt ele< UK il
do
1 U U i i t \1 t r n u p p i p n t md siipplus
1)
1 1 in por t i t 10 i < q u i p m f t i t lo
I ' i s t n i i i u i t^ in<i i f ] i t f d pro?'h t
do
M I M M ] i i u u i ^ n . i m f K t u n n g nid
do
Reused
i p I ( hrmniry
tSe'i box, bottom of p. S-15.
42,3
37 1
41 2
42, 7
37.6
41.3
3 <>
42 0
3. 9
42. 1
4 3
42. 3
40. x
4 1 . ;"
42. 0
3 '4
41 M
40 4
41 h
42 (
42 1
4' 1
H 1
41 0
42 <>
41.4
3(> M
42. 1
42. 4
43. "•
}i . 2
12. 1
•10, i
42. 8
37. 7
4i.5
41.4
3.9
42. 3
4,3
42.3
40. 5
4!. 3
42. 0
42. 5
42, 7
44,2
41.2
42. 8
42. 1
39.9
:
42.7
i
37.5
! 41.4
i 41.3
3,9
i
42.1
'
4.3
'
42. 1
40. 4
i 41.2
41.9
42.5
42. 4
43.8
41.0
42. 2
42. 0
40. 0
42.7
37.4
41.3
41.3
3.8
42. 1
4.1
42, 4
40. 5
41.0
41.7
! 42.3
i
42.3
i
43.8
i
40. 9
i
41.9
' 41.9
I
39. 9
42.5
38.1
41.3
41.0
3.5
41.7
3.9
42.0
40.3
40. 6
41.7
41.7
42.1
43. 6
40. 6
41.6
41.9
39.7
42.6
38.2
40.8
41.0
3.6
41.7
3.9
42.0
40. 4
40.7
41.9
41.8
42. 2
43.5
40.7
41.6
41.8 !
40.0 i
42. 2
37.6
40.1
40.3
3.4
41.0
3.7
41.7
40.3
40. 2
41.5
40.9
41.4
43.0
39.7
40.7
40. 9
38.7
42.4
37.4
40.3
40.4
3.3
41.1
3.5
41.9
40.7
40. 2
41.5
40.8
41.5
42. 9
40.0
40.7
41.5
39. 2
j
!
!
i
42.7
37.4
40.2
40.5
3.2
41.0 I
3.3
41.6
40.6
40. 3
41.3
40.2
41.5
42.8
39.6
40.9
41.5
39.7
42.0
36.4
40.4
40.3
3.2
41.0
3.3
42. 0
40.1
40.1
41.1
40.6
41.3
42.3
39.9
41.7
41.1
39.5 1
42.2
37.4
40.6
40.3
3.2
40.9
3.3
41.2
40.1
40.3
41.3
40. 6
41.2
42.0
40.0
41.2
41.0 |
39. 4 i
'42.8
'42.8
43.2
38.3
37.5
37.5
' 40.9
40.7
40.3
'40.8
40.7
40.4
3.4
3.3
3.3
'41.5
'41.3
41.0
'3.6
3.5
3.5
'42.3
'41.9
41.8
' 40. 3
' 39. 7
39.9
40.2
' 40. 2 '40.7
' 41. 6 '42.0
41.3
'41.0
'41.0
40. 9
'41.8
41.3 I '41.5
' 42. 7
-42.2
42.1
' 40. 4 ' 40. 2
40.3
i ' 42. 7
' 42. 5
41.4
41. 0 '41.2 i1 '41.5
' 39. 4 '39.4 i
39.2
42.
37.
40.
40.
3.
41.
3.
42.
40.
40.
41.
40.
41.
42.
40.
42.
41.
39.
S-14
November 1967
SUEVEY OF CURRENT BUSINESS
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1967
1966
1966
Annual
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
Aug.
July
Sept.
Oct."
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued (see box, bottom of p. S-15)
HOURS AND MAN-HOURS— Continued
Average weekly gross hours per production worker
on payrolls of nonagric. estab. t— Continued
Manufacturing— Continued
Nondurable goods
hours. Overtime hours
do
Food and kindred products
do
Tobacco manufactures
do
Textile mill products
do
Apparel and other textile products. . do
Paper and allied products
Printing and publishing--. .
Chemicals and allied products
Petroleum and coal products
Eubber and plastics products, nee
Leather and leather products, ..
Wholesale and retail trade
Wholesale trade
.
Retail trade
40.1
39
4L1
37 9
41.8
36.4
40.2
3 4
41.2
38 8
41.9
36.4
40.1
3 4
do
do
do
.do
do
do
43 i
38*6
41.9
49.2
42.0
38 9
do
do
do
37 7
40 8
36 6
Seasonally Adjusted
Man-hours in nonfarm estab., all employees,
seasonally adjusted, annual ratef
bil. man-hours..
Man-hour indexes (aggregate weekly), industrial
and construction industries, total t
1957-59=100..
Mining
do
Contract construction
do
Manufacturing
.
do
Durable goods
...
do
Ordnance and accessories. _ .
do
Lumber and wood products
do
Furniture and fixtures _
do
Stone, clay, and glass products
do
r
125. 39
39.5
38 7
40.9
36.6
39.5
31
41.0
38.2
40.2
35.6
41.1
38.2
40.2
35.5
39.8
3.0
40.8
39.4
40.8
36.2
39.5
3.0
40.6
38.3
40.5
35.9
39.5
3.0
41.0
39.0
40.4
35.7
39.6
3.0
40.6
38.4
40.6
35.9
39.7
'3.1
'40.8
'38.9
'41.0
' 35. 8
'39.9
'3.3
'41.0
'38.0
'41.4
'36.3
39.6
3.0
40.6
38.8
41.2
35.8
43 1
38 6
41.9
42.4
41.4
38.0
43 2
38.8
41.8
42.0
41.5
38.3
42 8
38 6
41.4
42.6
40.9
37.1
42.8
38.5
41.6
43.0
41.0
37.0
42.5
38.6
41.5
42.6
41.1
37.7
42.5
38.3
41.2
42.6
40.9
37.7
42.6
38.3
41.3
42.6
41.2
37.9
42.7
38.3
41.5
42.8
40.6
38.4
42.6
38.3
'41.5
'43.1
'42.0
38.3
'42.7
'38.3
' 41.4
'42.6
'41.9
'38.9
42.7
38.1
41.6
43.0
42.0
38.6
36 7
40 6
35 6
36.8
40 7
35.5
36.6
40 5
35.3
36.6
40.5
35.3
36.4
40.4
35.1
36.3
40.3
35.2
36.7
40.5
35.4
36.7
40.5
35.4
36.7
'40.5
'35.5
'36.6
40.4
'35.4
36.3
40.2
35.0
132. 97 ' 133. 91 ' 133. 68 '134.87
134. 59
134.25
40.2
33
38 6
42.0
35 9
40.1
3 4
41.1
38 0
41.4
36 6
38 5
41.2
36 5
39.9
3 3
41.0
39 0
40.9
36.4
43 4
38 8
42.0
42.4
42.0
38 6
43 4
38 9
42.1
42 0
41.9
38 3
43 2
39 0
42.1
42 4
42.0
38 5
43 3
39 0
42.1
42 5
41.9
38 6
37 1
40 8
35 9
37 1
40 7
35 9
36 9
40 7
35 7
36 9
40 6
35 6
' 131.31
4L1
r
4L1
40.0
33
4L1
131. 86 * 132. 63 ' 133. 28 '133.32 '134.24 '133.68 ••133.77 '133.13
T
109. 3
83 0
110 5
110 4
114 3
113 3
97.0
119 5
108.3
115.9
82 2
114 7
117 8
124 2
144 9
97.4
127 7
m.l
116.4
82 6
113 4
118 7
126 2
152 3
94 7
127 9
109.8
116.4
81 9
112 0
119 0
126 0
154 0
94 1
127 9
109.7
116.5
81 4
111 7
119 2
125 9
158 7
94 1
128 3
109.2
116.5
81 3
115 7
118 5
125 0
160 7
93 3
127 0
109.4
116.9
81 7
116.6
118 8
125 2
165.4
95.5
126 1
109.7
114.9
80 6
116.7
116 3
122 3
167.8
94.2
124 2
108.0
114.3
80.8
114.6
115 9
121.9
172.1
95.3
122.6
108.0
113.2
80.9
112.6
114.9
119.8
172.1
93.1
121.2
105.4
111.5
79.4
106.7
114.0
119.5
173.7
90.7
121.0
104.1
111.9
79.7
109.1
114.1
118.9
172.7
91.6
120.3
105.2
111.8
82.2
111.2
113.4
118.3
177.6
'90.4
118.4
105. 2
' 113.0
78.5
'111.0
'115.2
'121.0
' 182. 8
'90.1
119.3
' 105. 7
'112.8
'77.3
' 113. 7
'114.4
' 118.9
' 183. 3
'91.5
' 121. 1
' 106. 1
111.7
75.6
110.2
113.8
117.9
184.8
91.5
121. 2
107. 2
do
do
do
do
do
do
do
113 3
117 2
123.6
125.7
107 1
112.7
109.4
116 9
126 1
139.0
145.8
116 7
127.7
113.4
119 3
127 8
143 1
149.5
119 7
128 7
112.4
190 3
197 5
142 6
149.5
118 3
130 3
113.4
119 6
128 1
143.0
148.7
117 7
130.4
113.7
117 2
127 5
143 0
147.1
116 7
131 3
113.2
117. 1
127.7
143.5
147.6
114.9
132.4
115.3
113.1
124.9
141.2
143.6
112.3
129.1
109.7
106.8
110.9
124. 5 • 123.0
139.3
140.5
138.2
143.3
110.9
111.6
131.4
131.4
111.2
110.1
107.2
121.8
137.0
137.8
114.2
129.3
110.3
106.7
122.3
136.0
134.6
114.2
128.1
109.4
106.0
121.8
135. 9
137.1
110. 5
128.1
108.5
'
'
'
'
'
'
'
106. 4
123. 2
136. 9
140. 2
120. 6
128. 7
108. 4
' 104. 6
' 121.1
137.3
' 136. 7
' 112. 7
' 127. 8
' 108. 1
103.9
120.1
133. 2
136.8
111.0
129.2
107.6
do
do
do
do
do
105 3
94.4
86 4
102.0
115.1
109 5
96.2
84 6
106.0
118.7
109 0
94.9
80 0
106.4
116.7
109 8
95.5
77 6
104.9
119.8
110 4
97.3
84 5
104.2
119.8
110 0
97.0
88 0
103.4
119.5
110 4
97.3
90 9
103.4
120.4
108 5
97.2
85 0
100.7
116.0
108.1
97.7
83 8
100.3
114.1
108.5
96.5
87.7
101. 0
117.0
106.9
96.2
86.4
99.9
116.3
107.8
97.5
89.2
100.4
116.0
107.0
95.3
89.0
100.0
114.9
' 107. 6
'92.7
'85.4
' 101. 6
'114.8
' 108. 5
'95.6
'79.9
103.0
'115.9
108.5
95.0
84.0
102.8
114.8
Paper and allied products.
do
Printing and publishing
do
Chemicals and allied products
do
Petroleum and coal products..
do
Rubber and plastics products, nee. . .do
Leather and leather products
do
109.6
110. 0
110.2
78.7
135. 2
96.9
115.0
115.8
115.9
81.0
146.8
100.6
114.3
117.1
117.2
80 5
148.1
99.0
115.1
117.9
117 8
81 2
150.0
99.5
116.2
118.3
118.4
82 1
150.3
99.5
115.9
117.6
117.9
82 6
149.6
97.6
116.2
119.1
117.8
81.2
150. 0
98.1
115.6
118.9
116.7
82.3
146.0
93.8
116.0
119.3
116. 2
82.4
145.3
92.0
114.1
119.4
116.5
83.0
145.3
94.7
113.9
118.3
115.1
82.3
127.3
94.1
116.3
118.5
116.0
83.7
131.2
93.7
116.8
118.6
116.9
84.1
129.2
92.7
' 116. 1
' 118. 5
'116.9
'84.0
' 148. 1
'93.7
'115.1
' 117. 8
'116.5
'83.7
' 149. 2
'95.5
115.5
117.7
118.6
84.5
150.7
95.1
123. 52
138 38
107.53
117.18
131.15
88.75
88 19
110. 04
130. 66
145 89
112.34
122. 09
134. 94
91.80
91 72
114.24
133. 73
152 05
114.13
123. 94
135. 78
94.02
93 63
116. 05
135. 10
159 46
113.85
124. 07
130.21
94.02
94 28
116.89
131.66
144. 14
113.99
123. 77
136. 75
91.43
93.15
116.20
133.45
148. 83
114.40
124. 62
138. 02
90.80
93.79
115.23
134. 09
149. 14
113.42
122.84
136. 63
90.80
90.03
113.71
131.14
143. 60
111.88
120. 77
133. 22
91.08
90. 12
112.19
132. 09
146. 83
112.44
121.36
133. 54
93.09
90.74
113.70
134.51
147. 23
112.56
121.18
132. 48
94.77
90.46
115. 23
134. 09
149. 54
113.52
122.89
134.08
95.18
91.25
116. 62
136. 53
153. 56
114.49
123. 19
132.25
97. 27
93.09
117.46
139.43
157.90
113.65
122. 40
134.05
96. 64
92. 40
118.01
' 138. 24 ' 139. 32
159. 08 '162.60
114. 77 '116.57
' 123. 30 '125.75
'135.11 ' 138. 74
' 96. 88 ' 98. 82
' 95. 06 ' 97. 41
'119.99 '121.11
138. 78
160.40
116. 28
125. 75
139. 17
98. 42
97.64
121.11
'137.50 '138.58
' 123. 55 ' 126. 00
'132.82 '135.68
'111.76 '112.31
' 143. 52 ' 147. 48
117.14 '119.39
' 92. 04 ' 92. 43
135. 01
124. 98
135. 78
112.84
150. 07
119. 68
92.66
Primary metal industries.
Fabricated metal products. . .
Machinery, except electrical
Electrical equipment and supplies
Transportation equipment .. .
Instruments and related products .
Miscellaneous manufacturing ind
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
WEEKLY AND HOURLY EARNINGS
Not Seasonally Adjusted
Average weekly gross earnings per production
worker on payrolls of nonagricultural estab. :f
Mining
dollars
Contract construction..
do
Manufacturing establishments...
do
Durable goods
do
Ordnance and accessories
do
Lumber and wood products
.do
Furniture and fixtures
do
Stone, clay, and glass products
do
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electrical equip, and supplies. . .
Transportation equipment
Instruments and related products
Miscellaneous manufacturing ind
do
do
do
do
.do
do
do
133. 88
116.20
127. 58
105. 78
137.71
108.47
85.39
138.09
121.69
134.90
109. 18
141.86
114.93
88.80
141.10
125. 27
136. 53
110.54
144.41
116.05
89. 20
139. 02
124. 26
136. 34
109.74
146. 29
116. 05
90.09
139. 02
123. 81
136. 78
110.56
145. 18
116.20
90.45
137. 61
124. 53
138. 60
111.24
144. 93
116.89
91.20
138. 69
122.89
137. 03
109.35
141.02
115.65
91.87
134. 97
120. 83
135. 88
107.98
136. 21
114.11
90.17
135. 38
120.72
136. 20
108. 93
136. 49
115.51
92. 20
133. 57
121.54
134. 82
108.35
137. 30
115.77
91.57
134. 64
123. 26
134. 30
110.12
141.78
115.90
91.57
136. 12
122.84
134.09
111.88
141.17
117.01
92. 20
136.27
121.66
133.24
111.32
140.29
116.28
90.79
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products.
do
do
do
do
.do
94 64
99.87
79. 21
78.17
66.61
98 49
103.82
84.97
82.12
68.80
99 54
104. 92
83.62
83.38
67.83
99 94
104. 08
82.14
83.40
70.64
100 10
104.90
81.24
83. 42
70.25
100 25
106. 14
88.10
82.40
69.87
99.65
106. 08
83.16
81.61
70.40
99.18
105. 18
82. 08
80.60
71.04
100. 08
106. 52
87.52
81.20
71.80
100. 22
105.86
91.33
81.20
72. 16
100. 73
107. 18
90.30
82. 22
71.80
101.63
108. 50
94.41
82.82
72. 52
102. 03 102. 80 r 104. 66 103.88
108. 62 ' 107. 94 ' 109. 67 107. 71
91.44 ' 87. 75 ' 86. 72 85.63
87.98
81.41 ' 83. 84 ' 87. 14
73. 75
72. 16 ' 74. 05 '74.73
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products, nee
Leather and leather products
do
do
do
do
do
do
114.22
118.12
121.09
138. 42
109. 62
71.82
119.35
122. 61
125.16
144.58
112.14
74.88
121.92
125. 51
127. 14
146. 80
114.21
74.09
121.37
125. 51
127. 56
145. 01
113.94
74.68
121.80
124. 87
127. 98
146. 70
113.67
76.03
120.81
125. 90
127. 68
145. 67
113.13
76.63
119.84
123. 97
126. 16
144.90
112.19
77. 20
119.14
123. 33
125. 25
147.97
109.35
76.13
119.71
125. 06
126.88
150.94
110.16
75.65
119. 00
124. 03
127.49
153. 15
110.30
75.19
120. 28
124. 86
127. 10
153.58
107.57
77.04
122. 41
124. 86
128. 65
152. 72
109. 03
79.28
123. 69
124.91
129.48
156.67
105.73
79.75
'125.56
' 127. 82
'130.00
'157.04
'120.13
' 80. 26
125. 56
127. 21
131.04
154. 80
119.85
80. 22
do
do
do
do
76. 53
106 49
66 61
88.91
79, 02
111 38
68 57
92. 50
79.55
112 33
69.09
92.01
79.86
112 74
68 87
93. 25
79. 57
113 27
68.64
93.00
79.92
114. 52
69.65
93.62
80. 30
114.09
69.15
94.61
80. 22
114.05
69.10
94.98
80. 59
114.74
69.30
95. 35
80. 73
115.26
69.80
95.83
81.09
115.66
69.80
96. 20
82. 80
116.64
71.56
96. 20
84.15 ' 84. 15 ' 82. 86
117.62 '116.64 '117.97
72.96 ' 72. 96 '71.66
97. 20 ' 96. 83 ' '97.31
82.90
117.79
70.99
98.58
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate
r
Revised.
p Preliminary.
tSee box, bottom of p. S-15.
'124.41
' 126. 28
'129.17
'153.79
'116.89
80.11
November 1967
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
19G6
1966
Sept.
Annual
S-15
Oct.
1967
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.*
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued (see box below)
WEEKLY AND HOURLY EARNINGS— Con.
Not Seasonally Adjusted
Average hourly gross earnings per production
worker on payrolls of nonagricultural estab. :f
Mining
dollars.
Contract construction
do
Manufacturing
do
Excluding overtime
_.-do
Durable goods
do
Excluding overtimedo
Ordnance and accessories
do
Lumber and wood products
. _.
do
Furniture and
fixtures
do
Stone, clay, and glass products.do
Primary metal industries. . _
do
Fabricated metal products
do
Machinery, except electrical
do
Electrical equip, and supplies
do
Transportation equipment. ..do
Instruments and related products
do
Miscellaneous manufacturing ind
do
Nondurable goods
do
Excluding overtime. - ...
. _do-Food and kindred products
do
Tobacco manufactures
- - do
Textile mill products
do
Apparel and other textile products.
do
Paper and allied products
do
Printing and publishing
do
Chemicals and allied products. __ - -do..
Petroleum and coal products
do
Rubber and plastics products, nee
do
Leather and leather products
do
Wholesale and retail trade
do
Wholesale trade
do Retail trade
do
Finance, insurance, and real estate
_ do- .
Spendable Weekly Earnings
Spendable average weekly earnings per worker (with
three dependents) in manufacturing industries:
Current dollars
Constant dollars
1957-59 dollars
2.92
3.70
2 61
2.51
2.79
2.67
3.13
2.17
2.12
2.62
3.18
2.76
2.96
2.58
3.21
2.62
2.14
2.36
2.27
2.43
2.09
1.87
1.83
2.65
3.06
2.89
3.28
2.61
1.88
2.03
2.61
1.82
2.39
3.06
3.88
2.72
2.59
2.90
2.76
3.19
2.25
2.21
2.72
3.28
2.87
3.08
2.65
3.33
2.73
2.22
2.45
2.35
2.52
2.19
1.96
1.89
2.75
3.16
2.98
3.41
2.67
1.94
2.13
2.73
1.91
2.48
3.11
3.97
2.75
2.61
2.93
2.78
3.21
2.31
2.24
2.75
3.32
2.92
3.11
2.67
3.39
2.75
2.23
2.47
2.37
2.51
2.08
1.99
1.90
2.79
3.21
3.02
3.43
2.70
1.96
2.15
2.76
1.93
2.48
96.78
88.06
99.45
87.93
MISCELLANEOUS EMPLOYMENT AND
EARNINGS!
Not Seasonally Adjusted
Private sector (excludes government) :
Employees, total, nonagricultural estab
thous . . 50, 741
42,309
Production or nonsupervisory workers
do
38.8
Hours (gross), average weekly
hours. _
Weekly earnings (gross), average
dollars, . 95.06
2.45
Hourly earnings (gross), average .
do
Employees on payrolls of nonagric. estab. :f
General building contractors
Heavy construction contractors
Special trade contractors
'
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Transportation by air
Telephone communication
Electric, gas, and sanitary services
Laundries and dry cleaning plants
Blast furnaces and steel mills
Motor vehicles and equipment
3.12
3.96
2.75
2.62
2.94
2.79
3.22
2.31
2.25
2.77
2.' 02
2.01
2.82
3.23
3.05
3.57
2.71
2.06
2.23
2.86
2.00
2.59
3.17
4.02
2.81
2.70
2.99
2.87
3.20
2.35
2.31
2.81
3.30
2.97
3.16
2.76
3.40
2.82
2.33
2.55
2.46
2.64
2.37
2.03
2.00
2.83
3.26
3.07
3.58
2.63
2.06
2.24
2.87
2.00
2.60
3.19
4.02
2.82
2.71
2.99
2.88
3.21
2.39
2.31
2.81
3.32
2.96
3.17
2.79
3.41
2.84
2.34
2.56
2.46
2.64
2.39
2.03
2.02
2.86
3.26
3.10
3.56
2.64
2.07
2.25
2.88
2.01
2.60
3.22
4.08
2. 82
2. 71
3.00
2.88
3.23
2.41
2.31
2.83
3.34
2.96
3.18
2.79
3.43
2.85
2.34
2.57
2.47
2.63
2.40
2.02
2.01
2.89
3.27
3.12
3.61
2.63
2.05
2.25
2.89
2.01
2.62
'3.20
4.10
2.82
2.71
3.00
2.88
'3.24
'2.41
' 2. 33
'2.85
3.37
2.97
'3.17
'2.78
'3.45
2.85
'2.33
2.57
2.47
'2.62
2.25
2.04
'2.04
'2.90
'3.28
3.12
3.56
2.77
2.07
'2.25
'2.88
2.01
'2.61
99.30
86.35
99.40
86.21
100. 16
86.64
100. 93
87.01
100. 27
86.07
101. 16
86.54
102. 61
87.63
53, 017
43, 895
37.9
99.30
2.62
53, 289
44, 136
38.0
99.56
2.62
53, 631
44, 440
37.8
99.41
2.63
53,990
44, 782
37.9
100. 06
2.64
54, 850
45, 545
38.3
101. 88
2.66
54, 858 '55, 168 55,060
45, 493 45, 785 '45, 713
38.3
38.6
38.5
103. 18 103. 45 103. 79
2.71
2.68
2.68
3.25
4.21
2.85
2.73
3.03
2.90
3.29
2.43
2.37
2.87
3.35
2.99
3.21
2.80
3.49
2.87
2.34
2.61
2.51
2.64
2.13
2.12
2.06
2.92
3.33
3.15
3.60
2.84
2.10
2.29
2.93
2.04
2.65
'3.24
M.18
2.85
2.73
'3.03
2.89
'3.28
'2.44
'2.37
' 2. 87
'3.38
'3.00
3.20
2.78
'3.47
'2.87
2.34
2.61
2.50
2.63
'2.19
2.11
2.07
'2.92
3.32
3.14
'3.61
'2.84
2.09
2.27
'2.92
'2.03
'2.63
3.31
2.91
3.12
2.67
3.41
2.75
2.23
2.48
2.37
2.52
2.09
2.00
1.93
2.79
3.21
3.03
3.42
n,70
1.96
2.17
2.77
1.94
2.50
3.12
3.96
2.76
2.64
2.94
2.80
3.21
2.28
2.25
2.78
3.31
2.92
3.13
2.69
3.40
2.76
2.25
2.49
2.39
2.54
2.11
2.01
1.93
2.80
3.21
3.04
3.46
2.70
1.98
2.18
2.79
1.95
2.50
3.14
3.99
2.77
2.65
2.96
2.82
3.24
2.27
2.26
2.77
3.30
2.93
3.15
2.70
3.41
2.77
2.28
2.50
2.40
2.57
2.17
2.00
1.93
2.79
3.22
3.04
3.46
2.70
1.98
2.16
2.80
1.94
2.51
3.17
4.02
2.78
2.67
2.96
2.84
3.23
2.27
2.26
2.76
3.31
2.94
3.15
2.70
3.39
2.78
2.32
2.51
2.42
2.60
2.20
2.01
1.95
2.80
3.22
3.04
3.50
2.71
2.00
2.20
2.81
1.97
2.55
3.16
4.00
2.79
2.68
2.96
2.84
3.21
2.30
2.27
2.77
3.30
2.94
3.16
2.72
3.38
2 79
2.33
2.53
2.44
2.61
2.28
2.01
1.99
2.81
3.22
3.04
3.54
2.70
2.03
2.21
2.83
1.98
2.56
3.16
3.99
2.79
2.69
2.96
2.85
3.21
2.31
2.28
2.78
3.31
2.93
3.16
2.73
3.37
2.79
2.34
2.54
2.45
2.63
2.34
2.02
2.00
2.81
3.24
3.05
3.56
2.70
2.05
2.22
2.84
1.98
2.57
3.18
3.99
2.80
2.70
2.97
2.86
3.20
2.34
2.29
2.79
3.29
2.95
3.15
2.75
3.39
2.' 81
2.33
2.55
2.46
2.64
100.88
88.41
100. 65
87.90
100. 76
87.92
101. 09
88.13
100.08
87.25
98.86
86.11
53, 111
44, 234
38.7
98.69
2.55
54, 095
45, 097
38.8
100.88
2.60
54, 158
45, 157
38.7
100.62
2.60
54, 220
45, 167
38.4
99.84
2.60
54, 590
45, 517
38.6
99.97
2.59
53, 165
44, 079
38.2
99.70
2.61
O QC
thous
do
do
do
do
do
do
do
do
do
do
do
994
648
1,543
735
269
964
229
735
623
548
580
843
1,047
674
1,571
718
269
1,008
247
773
628
559
571
859
1,114
780
1,646
721
269
1,045
260
787
634
560
583
878
1,096
763
1,607
716
272
1,045
263
785
626
563
573
888
1,067
696
1,565
713
273
1,045
265
790
625
560
568
894
1,028
593
1,525
715
276
1,030
268
791
626
556
562
888
963
531
1,453
699
277
999
273
794
626
550
562
855
931
519
1,413
696
276
994
276
797
626
549
556
845
942
538
1,441
693
277
1,000
281
801
627
553
558
837
979
615
1,512
695
275
960
285
802
628
556
552
813
1,006
678
1,544
697
277
1,023
2S9
803
629
556
550
827
1,057
745
1,605
707
269
1,042
293
812
644
564
556
830
1.096
783
1,669
706
256
1,062
297
822
656
564
557
750
' 1, 119
'794
'1,682
'702
256
' 1, 055
'301
821
656
557
555
717
1,092
770
1,647
690
278
1,060
301
808
650
554
548
773
Hours (gross, average weekly) per worker:
General building contractors
hours
Heavy construction contractors
do
Special trade contractors.
do
Trucking and warehousing
do
Laundries and dry cleaning plants
do
Blast furnaces and steel mills
do
Motor vehicles and equipment
.
do
36.1
40.8
36.9
42.5
38.8
41.0
44.2
36.3
41.0
37.1
42.5
38.2
40.7
42.8
36.7
42.3
37.5
43.1
38.2
41.2
42.9
36.9
42.5
37.7
42.9
38.2
40.5
43.5
35.3
38.7
36.0
42.5
37.8
40.2
43.1
36.3
39.9
36.9
42.8
38.1
39.5
42.6
36.3
39.6
36.8
41.5
37.6
40.6
41.0
35.1
38.9
35.3
41.8
36.7
39.7
39.2
35.8
39.8
36.3
41.7
37.2
40.0
38.8
36.0
39.4
36.5
38.2
37.5
39.6
38.9
36.0
40.2
36.7
41.8
37.3
39.9
41.3
36.7
42.0
37.3
42.7
37.8
39.9
41.0
37. 1
42. 9
37.7
42.5
37.6
40.1
40.4
'37.3
'43.2
37.6
'42.8
'37.5
'39.9
'41.5
37.1
43.2
38.0
42.7
37.5
40.2
43.4
Hourly earnings (gross, average) "per worker:
General building contractors
dollars
Heavy construction contractors
do
Special trade contractors
do
Trucking and warehousing. . .
do
Laundries and dry cleaning plants
do
Blast furnaces and steel mills.
do
Motor vehicles and equipment
do
3.55
3.38
3.94
3.07
1.52
3.46
3.34
3.76
3.54
4.13
3.18
1.60
3.58
3.44
3.84
3.69
4.21
3.22
1.62
3.61
3.54
3.85
3.66
4.20
3.22
1.64
3.59
3.56
3.88
3.58
4.21
3.22
1.64
3.58
3.52
3.89
3.56
4.23
3.22
1.65
3.56
3.54
3.89
3.60
4.27
3.20
1.67
3.58
3.50
3.87
3.58
4.27
3.22
1.69
3.56
3.46
3.89
3.49
4.26
3.24
1.70
3.59
3.45
3.87
3.54
4.27
3.19
1.71
3.56
3.49
3.92
3.59
4.30
3.26
1.73
3.58
3.51
3.87
3.67
4.30
3.31
1.74
3.58
3.54
3.94
3.76
4.35
3.33
1.74
3.61
3. 57
'3.97
'3.80
'4.36
3.33
'1.74
3.65
3.57
4.05
3.86
4.44
3.38
1.76
3.66
3.58
3.748
5.355
1.33
3.198
page.
3. 752
5.364
3.757
5.371
3.757
5.374
1 34
3. 235
3.832
5.464
3.876
5.533
3.962
5.560
1.36
3.978
5.620
3.978
5.627
54, 972
45,609
38.7
103.63
2.72
Construction wages, 20 cities (ENR) :§
Common labor
$ per hr
3.623
3.700 3.700 3.710
3.415
3.720
Skilled labor
do
5.207 5. 294
4.951
5.301
5.335
5.330
Farm, without board or rm.f 1st of mo
do .
1.23
1.14
1.18
1
Railroad wages (average, class I)
do
3. 008 i 3. 106
3.098 3.106 3.130
3.144
r
l
Revised.
v Preliminary.
Includes adj istments not distriljutcd by months.
fScc; box, tins
3.997
5.660
1.29
3.179
3.269
3. 212
§Wagc s as of N DV. 1, 196 7: Comnion laboi , $4. 001 ; skilled labor, $5. 687.
3.266
Changes in Labor Force, Employment, and Earnings Tables
Effective with the Sept. 1967 SURVEY, we have broadened the tables to provide more
series from the Bureau of Labor Statistics, as follows: Additional unemployment rates; seasonally adjusted production workers and weekly hours (for these items, unadjusted data are
shown for totals only); man-hours (aggregate nonfarm man-hours, and man-hour indexes
for construction, mining and, for manufacturing, by industry groups); employment, hours,
and earnings for private sector industries combined (not seasonally adjusted); and factory
workers spendable earnings in current and constant dollars (gross earnings excluding social
security and income taxes; earnings in constant 1957-59 dollars reflect adjustment for changes
in purchasing power since the base period) .
Also, the establishment (or payroll) employment, hours, man-hours, earnings, and turnover
data reflect adjustment to March 1966 benchmarks and revised seasonal factors; the figures
are not strictly comparable with figures previously published in the SURVEY. Comparable
earlier data (except seas. adj. man-hour indexes and unemployment rates, available upon
request) will appear in the forthcoming BLS Bulletin 1312-5, Employment and Earnings
Statistics for the United States, 1909-67, to be available from the Government Printing
Office, Wash., D.C. 20402.
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1965
November 1967
19 66
Annual
Sept.
Oct.
1967
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Sept.
Aug.
Oct.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued (see box, bottom of p. S-15)
155
190
189
193
194
193
189
190
184
181
174
171
169
180
185
4.3
3.1
4.1
1.9
1.4
5.0
3.8
4.6
2.6
1.2
6.0
4.7
6.6
4.5
1.0
5.1
4.1
4.8
2.8
1.1
3.9
3.1
2.9
2.1
4.2
1.7
1.8
4.3
3.0
4.5
2.1
1.5
3.6
2.7
4.0
1.9
1.3
3.9
2.8
4.6
2.1
1.5
3.9
2.8
4.3
22
L3
4.6
3.3
5.9
4.5
4.3
2.3
1.1
4.6
3.3
4.8
5.4
4.0
5.3
^3.2
i-l.l
J>5.1
?4.0
pQ.2
*4.0
"1.3
4.9
3.7
5.0
2.6
1. 1
51
3.9
4.6
2.6
1. 1
4.8
3.7
4. 6
2.6
1.2
46
43
3.4
4.9
2.5
1.5
41
3.2
5.2
2.4
1.7
42
3.1
4.7
2.3
1.5
4.6
3.2
4. 6
2.2
1.4
46
3.6
4.4
2^7
1.3
4.6
3.6
4.6
2.5
1.4
3.2
4.8
2.4
1.4
4.2
3.0
4.4
2. 1
1.6
4.3
3.1
4.3
1. 1
^4.2
*3. 1
P
47
p2*.3
pl.4
.
43
2.1
1.3
42
2.2
1.1
L9
r
3,963
1,550
4,405
1,960
422
132
410
191
288
126
173
49
275
98
325
106
430
141
440
409
535
255
430
177
375
804
385
86
405
375
25, 400
676
226
1,780
651
255
2,190
533
234
2, 150
389
158
23, 300
1,670
440
190
1,270
465
151
1,280
575
202
1,490
600
443
2, 170
695
402
3,900
670
350
4,360
630
1 010
4, 710
655
231
2,840
670
484
0,320
6,473
6,493
619
,592
513
421
440
407
460
476
507
537
487
552
558
1,419
1,123
802
799
955
1,313
1,631
1,654
1,603
1,423
1,197
1,070
1,246
1, 122
955
12, 047
1,328
10, 575
1,061
626
755
709
753
915
903
1,280
1,254
1,346
1,558
1,087
1,582
1, 061
1, 532
1,005
1,360
848
1,142
803
1,019
1,218
1,184
872
1,059
663
894
1.9
2.7
2. 4
902
157.6
3.3
2.4
1,276
224.8
3.4
25
1,349
219.5
3.3
2.6
1,374
257.5
2.9
27
1,244
200.6
2.4
2.7
1,014
183.6
2.1
2. 6
925
156.1
2.4
2.8
907
147.3
2.2
2. 6
946
172. 8
1.8
2.4
759
122.6
20
23
24
22
19
18
18
20
19
18
22
24
18
3.1
21
25
23
4.4
"187
18
22
21
3.7
3.0
2.3
1,131
2,166
895
1,771
1.6
2.2
640
106.5
1.6
2. 1
589
93.7
25
21
16
16
266
36
34
67.5
182
21
19
39.5
138
30
60.3
145
20
39.3
12
15
14
2.6
~
16
2.4
22
673
114.8
13
14
12
2.1
!7
15
16
13
2.4
17
21
16
3.0
19
25
22
4.0
15
25
23
3.9
16
24
22
4^2
14
21
21
3.6
14
19
18
3.4
17
19
19
3.5
6
16
2.1
6
18
2.6
7
19
2.9
11
25
3.5
6
24
3.8
5
23
4.2
4
20
3.0 i
3
17
2.8
15
14
2.5
21
17
2. 1
12
18
3.2
15
21
2.9
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
3,359
13, 045
2,977
10 008
3, 457
14,169
3,153
11 010
3 603
13,279
3, 089
10 190
3 601
14,718
3,449
11 °69
3, 575
15, 199
3,781
11 418
3 704
16, 034
4,360
11 674
3,830
16, 249
4,356
11 893
3,964
17, 067
4,713
12 354
4,131
16. 150
4,934
11 216
4,116
17,044
4,976
12 068
4,103
16,816
4,979
11,837
4,146
16,220
5,124
11,096
9 406
9,381
9,357
9 452
9, 500
9 721
9 937
10, 103
10, 280
10,435
10, 605
10,661
10, 624
4, 900
1, 199
3,308
4, 926
1,219
3, 236
4,938
1,276
3,143
4,958
1,290
3,205
4, 980
1,323
3, 251
5, 030
1 312
3, 343
5,111
1 363
3, 463
5, 175
1,337
3,590
5,248
1,316
3,716
5, 303
1,296
3. V36
5, 358
1,335
3,911
5, 404
1,368
3,889
5,449
1,384
3,790
5, 923. 1
2 502 2
3, 420. 9
1, 328. 1
2, 092. 7
6, 105. 2
2, 559. 1
3, 546. 1
1, 387. 2
2, 158. 9
6, 065. 4
2,551.8
3,513.6
1,364.9
2, 148. 7
0, 078. 5
2 560 0
3,511.9
1, 373. 8
2, 138. 1
6, 406. 5
2 844 6
3,561.9
1, 405. 1
2, 156. 8
6, 409. 1
2, 847. 3
3,561.8
1, 362. 2
2, 199. 0
0, 294. 9
2 724. 7
3, 570. 2
1 , 389. 5
2, 1 80. 7
6,315.9
2 756 6
3, 559. 3
1, 380. 8
2, 172. 5
6, 553. 5
2,864 0
3, 689. 5
1,451.4
2, 238. 1
0, 348. 2
2 734 5
3,613.7
1,409.2
2,204.5
6,637.2
2.904 1
3, 733. 1
1.470.4
2. 250. 7
0, 088. 7
2, 857. 1
3,831.0
1,500.5
2,271.1
7, 067. 8
3, 185. 7
3, 882. 1
1,575.0
2, 307. 1
0, 799. 4
2, 952. 4
3,847.0
1,513.6
2, 333. 4
65, 371
70, 332
67, 385
67, 257
OS, 370
70,332
67, 493
67, 490
67, 385
69, 015
68, 862
70, 135
70, 516
70, 120
r
71.193
71.383
43, 340
137
40, 768
13 436
47, 192
173
44, 282
12, 874
45, 475
773
42,907
12,779
45, 501
410
42, 975
12, 770
40. 2S1
45S
43,912
12,007
47, 192
173
44, 282
12,674
45, 602
71
43, 404
12,678
45, 799
165
43, 971
12, 020
46, 507
42
44, 908
12,611
47, 207
54
45. 400
12,004
47, 799
415
46, 066
12, 608
48, 208
08
40. 718
12,010
47, 003
41
40, 804
12,004
4S.303
30
40, 555
12,499
r
4K,8GO
74
40,910
12. 510
48, 873
120
47,390
12, 410
65,371
70, 332
67, 385
67, 257
OS, 370
70. 332
67, 493
07, 490
07, 385
09,015
68, 862
70,135
70,510
70, 126
r
71, 193
71,383
19 620
18, 447
37, 950
20 97'>
19,794
40, 190
20,887
19,538
38, 023
20, 767
19, 338
38, 759
19.9S7
19, (J93
39.5*1
20 972
19. 794
40, 196
20 171
18,773
39. 216
19 879
18,910
39. 115
20, 501
19, 148
39,013
21,353
19, 410
39, 070
20, 844
19, 634
39, 499
21.474
19,505
39, 934
20, 813
18,877
40, 199
21,433
19. 7S9
40. 303
r
r
22. 072
20, 080
40.413
21,877
20, 004
40, 028
35.4
31. a
33.1
33.0
32. 0
3 1. 5
32. 3
32.3
32.3
32.3
31.9
31.0
31.4
31.0
31.0
30. 5
9, 058
1,903
7 155
3 392
3,603
13, 279
3,089
10 190
3 370
11,778
2, 773
9 005
8 080
9 452
4 281
1 055
2,745
4 958
1 °90
3, 205
Bank debits to demand deposit accounts, except
interbank and U.S. Government accounts,
annual rates, seasonally adjusted: A
Total (233 SMSA's)O
bil. $
New York SMS A
do
Total 232 SMSA's (except N.Y.)
do
6 other leading SMSA'sf
do
226 other SMSA's
do
5,151.8
2 138. 5
3,013.3
1,140.9
1,872.4
Federal Reserve banks, condition, end of period:
Assets, total 9
.
mil. $
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
O ther loans and discounts
do
Reserve bank credit outstanding, total 9 --do
Discounts and advances
do
U.S. Government securities
. do
Gold certificate reserves
do
Liabilities, total 9
Deposits, total
Member-bank reserve balances
Federal Reserve notes in circulation
do
do
do
do
Ratio of gold certificate reserves to FR note
liabilities
percent - _
r
Revised.
''Preliminary.
tSee box note, bottom of p. S-15.
©Excludes persons under extended duration provisions.
cTInsured unemployment as % of average covered employment in a 12-month period.
A Revised series.
6, 993. 0
3, 102. 4
3, 890. 0
1, 537. 7
2, 352. 9
O Total S M S A ' 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.
November 1967
SUKVEY OF CUERENT BUSINESS
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
End of year
S-17
1966
Sept.
Oct.
1967
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
23 709
23 351
358
362
23 405
22 970
435
199
236
23 362
23 053
309
134
175
23 284
22 914
370
101
269
23 518
23 098
420
123
297
23 907 r
23 548 r
359
87
272
23 791
23 404
r 387
89
T 298
Sept.
Oct.
FINANCE—Continued
BANKING- Continued
All member banks of Federal Reserve System,
averages of daily figures:
Reserves held, total
_ _ _- _ mil. $
Required
do
Excess .
do
Borrowings from Federal Reserve banks _ _ . do
Free reserves
do
Large commercial banks reporting to Federal Reserve System, Wed. nearest end of yr. or mo.:®
Deposits:
Demand, adjustedcf
mil. $
Demand, total 9
_ _ _ do__Individuals, partnerships, and corp d o _ _ State and local Governments
._ do
U.S. Government
do
Domestic commercial banks
do
Time, total $ _
_
do
Individuals, partnerships, and corp.:
Savings
do
Other time.. _ _
do
Loans (adjusted), totalcf
do
Commercial and industrial
. _ _ do
For purchasing or carrying securities
do
To nonbank financial institutions
do
Real estate loans
do
Other loans
_ _ _ _ _
do
Investments, total
_ do
U.S. Government securities, total
do_ _ _
Notes and bonds _ _
do
Other securities
do
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates) , seas, adj.-.t
Total loans and investments©
bil. $
LoansO
do_
U.S. Government securities _ _
do
Other securities
do
Money and interest rates: § f
Bank rates on short-term business loans:
In 19 cities
percent per annum __
New York City
...
do
7 other northern and eastern cities . do
11 southern and western cities
do___
1
1
22, 719 1 23 830
22 267 i 23 438
1
i 392
452
1454
*557
1
i —165
—2
23 333
93 031
302
733
431
23 251
22 862
389
611
222
23 830
23 438
392
557
165
24 075
23 702
373
389
16
A
75 120 71 189 72 609 73 134 75 120 73 703 72 600 72 841 71 484
114 765 104 851 107 531 108 956 114 765 111 768 109 635 106 592 110 455
83 108 76 248 77 640 79 482 83 108 79' 215 79 254 77 469 77 831
6 137
6 624
6 229
5 706
6 310
6 310
5 937
6 137
6 771
3 882
4 515
6 150
3 463
2 782
2 944
3 882
3 759
3 355
13, 838 11,710 12, 692 13, 077 13, 838 13, 481 13, 236 12, 462 12, 927
89 639 90 523 88 879 88 527 89 639 92 985 94 240 96 133 96 569
50 694
22 111
125 789
53, 113
6,633
11 187
25 577
34 917
52 811
26 638
21 591
26 173
47 213 47 351 47 076 47 038 47 213 46 459 46 609 47 098 46 970 47 285
29 002 30 327 29 220 28 967 29 002 39' 425 33 024 34* 039 33 769 34 707
134 761 132 202 132 176 131 741 134 761 133 268 132 359 133 027 134 237 133 108
60 779 59 440 59 723 60 042 60 779 go' 385 60 730 61 962 62 648 61 836
6,302
6,901
6,691
5,826
5,708
5,339
6,799
6,642
6,691
7,419
9 723
9 634
11 228 10 825 10 645 10 349 11 228 10 280
9 942
9 612
27 492 27 403 27 517 27 561 27 492 97' 9QO 27 168 27 131 27 087 27 296
34 729 34' 424 34 042 34* 657 34' 729 34 235 33* 808 33* 852 34 068 34 510
51 502 50 719 49 670 49 915 51 509 CO I CO 54 147 56 038 56 033 56 269
24 803 23 180 22 863 23 491 24* 803 25 758 25 699 26* 770 25 326 25 398
19 816 19 081 18 991 19 637 1Q 01 c Or\ 94fi 21 058 21? 248 21 446 21 544
90' ci o
9Q 9fiS
30 707 30 871
26 699 97' ^°,Q 9fi' 8O7 9fi' 494
294
192
57
44
4
4
3
8
35.06
34.83
3 5.09
35.34
30 312
309
- 310 2
2 207 8
53 7
0
48 7
3
3
3
3
6 00
5 84
6 06
6.14
309 4
206 2
M Q
XC Q
6
6
6
6
308 9
207 2
CO
A
AO
309 3
9
07 5
53 4
i
Q1 A 9
9Q7 8
co 7
48 4
30
13
40
42
6
6
6
6
314 4
9
10 4
M 9
318 0
211 0
55 9
C1
I
321 4
211 3
57 8
59 o
323
213
56
53
0
3
1
6
6
200
842
358
90
T 268
24 620
24 317
303
126
177
324
213
56
55
3
1
°
1
47 739 47 836 47 957 48 349 48 438
35 117 36, 604 37 449 37 174 37 949
136 043 137, 270 135 488 r
138 009 139 217
63 784 63, 445 62 189 63 372 63 401
7,455
7,024 r 7, 247
7,791
6,050
9,907
10 270
9 495 10 185 10 428
27 547 27 797 28 094 28 337 28 531
35 231 34, 992 35 273 35* 466 35 730
55 783 58,268 59 321 59 717 61 677
24 126 26, 004 26 903 27 043 28,915
21 335 21, 041 22 274 21 978 21 842
31 657 32 264 32 418 39 674 32 762
324
213
55
55
9
2
9
8
r
333. 2
337 1
'r217. 6 217 7
58.8
61 9
56 7
57 5
339
219
61
57
3
7
7
9
342.6
221.8
62 3
58 6
5.94
5.67
5.95
5.67
6 13
B 5 86
31
16
38
46
r
24
r
23r
72 891 73 173 74 348 73 321 74 395 77 183
111 495 109 403 112 459 107 686 113, 043 118 625
79 782 79 244 81 030 79 157 81,444 84, 808
5 665
6 683
5 503
6 249
5 920
6 089
2 322
5 353
4 031
2 705
3 103
3 458
13, 490 12, 701 13, 445 12,643 12,846 13,960
97 829 98 848 100, 731 101 827 101 659 102 189
75,901
110, 201
81, 070
5,854
4 059
12, 399
85 298
Discount rate (N.Y.F.R. Bank), end of year or
month
percent. .
4.50
Federal intermediate credit bank loans
d o _ _ ~ ~ 34.94
3
Federal land bank loans
do
5 43
Home mortgage rates (conventional 1st mortgages) :
New home purchase (U.S. avg.)
percent-- 35.76
Existing home purchase (U.S. avg.)
_do
35.89
Open market rates, New York City:
5
Bankers' acceptances (prime, 90 d a y s ) _ _ _ d o _ _ .
4. 22
Commercial paper (prime, 4-6 months) __ do
54.38
Finance Co. paper placed directly , 3-6 nio.do_ .
54.27
Stock Exchange call loans, going rate
do
54.69
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)- _ .percent
* 53 954
3-5 year issues
.
do
4 22
Savings deposits , balance to credit of depositors:
N.Y. State savings banks, end of period
mil. $
U.S. postal savings J_._
.
do
23 240
22 842
398
766
368
4.50
35.82
3
5 74
4.50
6.13
5 98
4.50
6.29
6 00
4.50
6.33
6 00
4.50
6.38
6 00
4.50
6.38
6 00
4.50
6.38
6 00
4.50
6.17
6 00
4.00
6.03
6.00
4.00
5.78
6 00
4.00
5.72
6.00
4.00
5.63
6.00
4.00
5.62
6.00
4.00
5.64
6 00
4.00
36.11
36.24
6.22
6.40
6.32
6.49
6.40
6.50
6.44
6.52
<6.47
46.54
6.44
6.50
6.41
6.44
6.37
6.36
6.28
6.31
6.29
6.30
6.34
6.33
6.34
6.38
'6.37
6.37
6.38
6.41
5 5 36
55.55
55.42
55.78
5 75
5.89
5.67
6.25
5 7°
6.00
5.82
6.25
5 67
6.00
5.88
6.25
5 60
6.' 00
5.88
6.25
t, 23
5.73
5.50
6.20
4 88
5.38
5.19
5.75
4 68
5.24
5.01
5.75
4 29
4.83
4.57
5.50
4 27
4.67
4.41
5.50
4.40
4.65
4.40
5.50
4.58
4.92
4.70
5.50
4.77
5.00
4.75
5.50
4.76
5.00
4.77
5.50
5 4 881
5
5 16
5 356
5 62
5 387
*> 38
5 344
5 43
5 007
5 07
4 759
4 71
4 554
4 73
4 288
4 52
3 852
4 46
3 640
4 68
3 480
4 96
4.308
5.17
4.275
5 28
4 451
5 40
32 025
122
31 290
159
31 398
31 590
140
32 025 32 341
' 133
' 109
32 564 33 079
99
' 102
33 171
83
33 904
53
34,090
34, 301
34 696
72
94, 786
74 656
30 961
19, 834
3 751
20 110
93, 479
74 015
30 689
19, 649
3 703
19 974
92, 517
73 598
30 530
19, 426
3 666
19 976
92, 519
73 591
30 527
19,369
3 648
20 047
93, 089
73 840
30 635
19, 376
3 636
20 193
93, 917
74 290
30 852
19, 442
3 670
20 326
94, 813
75, 051
31, 208
19, 580
3,696
20 567
95, 115
75, 348
31, 364
19,607
3,711
20, 666
95, 684
75 889
31 455
19, 755
3,743
20 936
95, 886
76 039
31, 296
19, 914
3,742
21, 087
65, 565
32 155
16, 936
8 549
6,014
1 911
9 091
65, 162
32 033
16, 814
8 443
5,969
1 903
8 853
64,966
31 967
16, 696
8 429
5,965
1 909
8 632
65,006
32 068
16, 593
8 485
5,951
1 909
8 585
65, 298
32 299
16, 590
8 561
5,951
1 897
8 542
65, 733
32 560
16, 615
8 665
5,947
1 946
8 557
66, 452
32 966
16, 721
8 826
5,995
1 944
8,599
66, 781
33, 235
16, 747
8,864
6,009
1,926
8,567
67, 273
33 536
16, 755
8 991
6, 036
1 955
8 616
67, 376
33 637
16, 701
9 026
6,067
1 945
8,663
490
488
485
486
490
494
502
506
508
507
20, 130
7 844
6 714
1,130
19,464
7 779
6 659
l'l20
18, 919
7 754
6 634
1,120
18, 928
7,769
6 647
l', 122
19, 249
7 890
6 758
M32
19, 627
8,017
6 848
1,169
19, 762
8,077
6 902
1,175
19, 767
8,100
6 927
1,173
19, 795
8,136
6 950
1,186
19, 847
8, 179
6 994
1,185
1 47
CONSUMER CREDIT*
(Short- and Intermediate-term)
Total outstanding, end of year or month
mil. $__ 87, 884 94, 786 91, 639 91,899 92, 498
Installment credit, total. ._
do
68 565
74 656 72 8°9 73 073 73 491
Automobile paper
_ . _ do
28 843
30 961 30 793 30 852 30 937
Other consumer goods paper
do
17, 693
19, 834 18, 564 18,714 18,945
Repair and modernization loans
do
3 675
3 751
3 771
3 770
3 772
Personal loans
._
do
18 354
20 110 19 701 19 737 19 837
By type of holder:
Financial institutions, total
do
60, 273
65, 565 64, 613 64, 792 65,046
Commercial banks .
do
29 173
32 155 31 778 31 878 31 978
Sales finance companies
do. 16, 138
16, 936 16, 759 16,771 16,790
Credit unions
do
7 512
8 324
8 549
8 391
8 480
Consumer finance companies
do.
5,606
6,014
5,858
5, 863
5,881
Other
do
1 844
1 911 1 894
1 917
1 889
9
Retail outlets, total
do
8 292
8 216
9 091
8 81
8 445
Department stores.
do
4,488
Furniture stores.
do
1,235
Automobile dealers
do
447
490
487
489
490
Other
___
do
2,122
Noninstallment credit, total..
do
19, 319
20, 130 18,810 18, 826 19, 007
Single-payment loans, total
do
7 682
7 807
7 844
7 814
7 768
Commercial banks
do
6 587
6 692
6 656
6 714
6 678
Other financial institutions.
do
M95
1, 122
1^130
1,112
l'l29
Revised.
Average for Dec. 2 Effective with the June 9 change in Federal Reserve regulations,
xclude loan balances accumulated for payment of personal loans (about $1.1 bil.); begin. re .^ •i^j-er securities /»
they are not comparable
1 data
shown reflect changes in coverage ancTforrnat; comparable data for July-Dec.
A
1965 appear in the Mar. 1967 issue of Federal Reserve Bulletin. Revisions for 1966 reflect adjustments for mergers (Jan. and Feb. data will be shown later).
cf For demand deposits, the term "adjusted" denotes demand deposits other than domestic
t
commercial interbank and U.S. Government, less cash items in process of collection; for
loans, exclusive of loans to domestic commercial banks and after deduction of valuation
reserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).
9Includes data not shown separately. {Revised monthly data for commercial bank cred it
prior to Aug. 1966 appear in the Sept. 1967 Fed. Reserve Bulletin; those for consumer credit
prior to Mar. 1965 appear in the May 1966 Fed. Reserve Bulletin.
©Adjusted to exclude
interbank loans. §For bond yields, see p. S-20. fBeginning Feb. 1967, series revised to cover
35 centers and exclude rates for certain loans formerly included (see May 1967 Federal Reserve
Bulletin).
IfMonthly data are as of the following dates: 1966—Sept. 9; Oct. 7; Nov. 4;
Dec. 2; 1967—Jan. 27; Feb. 24; Mar. 24; Apr. 21; May 19; June 30.
SURVEY OF CURRENT BUSINESS
S-18
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
Annual
November 1867
1967
1966
Sept.
Oct.
Nov.
Dec.
Feb.
Jan.
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
A l l 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, total..
_ _ _
do
Automobile paper
do
Other consumer goods paper
do
All other
do
FEDERAL GOVERNMENT FINANCE
Net cash transactions with the public: cf
Receipts from .
mil $
Payments to
do
Excess of receipts, or payments (— ) _ .
do
Seasonally adjusted, quarterly totals: t
Receipts from
_
bil $
Payments to..
_
do
Excess of receipts, or payments (— )._
do
Receipts and expenditures (national income and
product accounts basis), qtrly. totals, seas,
adj. at annual rates: *
Receipts
bil. $__
Expenditures _ _
do
Surplus, or deficit (—)
..
do
Budget receipts and expenditures:
Receipts, total..
... _
mil $
Receipts, netf
_ _
do
Customs
do
Individual income taxes
do
Corporation income taxes
do
Employment taxes
. _ . _ _ do
Other internal revenue and receipts. . do
Expenditures, total! . . .
do
Interest on public debt
_ do
Veterans' benefits and services
do
National defense
do
All other expenditures.
do
Public debt and guaranteed obligations:
Gross debt (direct), end of yr. or mo., totaL.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
6 746
1
968
i 5, 055
1
723
1
4, 891
i 7, 144
5 993
6 107
6 199
7 144
6,472
5 824
5 809
5,923
6 231
6,334
6,346
6,368
6,387
1874
i 5, 142
932
5, 003
898
4 951
878
5 001
874
5 14°
908
5,213
895
5,341
898
5 350
922
5,436
939
5,379
965
5,351
1,024
5,321
1,057
5,291
1,083
5,281
75, 508
27, 914
21, 454
26, 140
67, 495
24. 267
19, 355
9
3 873
78, 896
28 491
23 502
26 903
72 805
26 373
21 361
95 071
6,189
2 070
1 935
2 184
6,000
2 195
1 761
2 044
6,403
9 369
1 949
9 085
6 159
2 310
1 799
2 050
6,611
2 346
2 044
2 221
6 193
2 961
1 813
9 119
7,442
9 178
9 099
5,674
1 923
1 808
1,943
6,315
2 195
1 993
2 127
5,488
1 916
1 655
1 917
5,905
2 075
1 878
1 952
6,641
9 350
1 985
2 306
6 648
2 353
29
042
2 53
6,495
2 294
1 927
2 274
6,246
2 186
1 920
2 140
7,062
2 559
2 074
2 429
6 612
2 342
2 008
2 262
7,458
2,678
2,155
2,625
6,697
2,322
2,017
2,358
6,859
2 396
2 071
2,392
6,562
2 240
2 044
2 278
7,223
2 392
2,229
2,602
6,682
2 301
2,081
9
303
6,590
2,042
2,205
2,343
6,440
2,201
2, 046
2, 193
6 578
2,387
1 958
2,233
6 103
2 213
1 784
2 106
6 5"
2 378
1 941
2, 203
6 142
2 244
1 820
2 078
6 657
2 461
1 947
2,249
6 213
2 255
1 836
9 129
6 433
2 297
1 998
2, 208
6 112
2 925
1 796
2 091
6 501
2,240
2 031
2,230
6 221
2 202
1 882
2 137
6 497
2 177
2 099
2,221
6 281
2 217
1 915
2 149
6 510
2 199
2 049
2,262
6 946
2 193
1 899
9 154
6 606
2,217
2 095
2, 294
6 393
2 235
1 968
2 190
6 554
2,238
2 032
2,284
6 361
2 219
1 948
2 194
6,823
2,338
2,081
2,404
6,531
2,281
1,995
2,255
6 776
2 266
2 147
2,363
6 551
2 228
2 074
9 949
6,929
2,285
,212
,432
,585
240
,079
266
6,973
2,322
2,234
2, 417
6,689
2, 280
2,106
2,303
7 523 10 698
14 748
13 150 12 604 13 654
1 598 — 5 080 — 2 955
I 9 845
19 545
299
11 251
11 641
—390
12 308
11 852
456
14 490
13 167
1 393
8 938 11 766
17 070 11 295 p21,438
11 189 14 445 Pl2,916 14 538 16, 325
5 881 —3 150 ?8 522 —5 600 -4,559
15 176
14, 201
975
123 376
127* 920
—4 544
145 136
150* 868
—5 731
9 79Q
9
544
6 277
9 154
1 831
37 3
39.7
—2.5
38 4
38.6
9
39 2
38 8
4
z>38.5
v 38. 1
p.4
38.5
43.4
-4.9
148.6
151 9
—3 3
149 1
160 9
— 11 9
148.1
162.8
—14.7
152.8
165.9
-13.1
124.8
123 4
1.4
143.2
142 9
.3
145.6
146 3
7
124 354
96 679
1 646
56 102
27 035
17 268
22 303
101 378
11 615
5,151
52 773
32 582
146 863
110 802
1 930
66,151
31 986
24 059
22 736
118, 078
12 752
5,838
64 271
35 872
14 833
19 475
170
6 400
4 547
1 793
1 9?4
11 883
1 086
532
5 973
4*345
7 910
5 811
170
3 711
797
1 220
2 Oil
10, 977
1 098
546
5 536
4 122
9 819
7 394
179
5 303
580
1 868
1 888
10 386
1 100
555
59
500
3 33
19 815
10 606
161
4 217
4 636
1 655
9 146
i 320. 90
i 316. 52
i 270 26
1
15 51
i 46 26
i 4 39
i 329. 32
i 325. 02
i 273 03
U6.69
i 51 99
324. 75
320. 01
266 95
16.02
53 07
4 73
326. 89
322. 30
270 41
16.06
51 89
4 59
329. 41
324. 86
079 31
16 29
59 55
49
50
i 50. 92
4 86
6 00
50.70
40
57
i 40
i 50. 46
4 49
5 44
i 4 30
1
9 512
1 160
610
5 911
1 861
11 324
9 386
160
6,749
823
1 673
1 918
9,987
1 173
467
6 201
2 238
12 046
7 757
134
6 212
635
3 352
1 713
9 459
1 108
562
5 758
2 048
16 527
11 395
170
5 016
6 728
9 353
2 261
11 699
1 154
548
6 893
3 112
19 225
13 534
150
9 807
4 295
3 157
1 817
9 464
1 127
480
6 303
1 567
12 072 p22, 007
6 289 »18, 249
P176
166
5 687 p 7, 229
1 065 p 9, 324
3 033 p 2, 564
2 120 P 2 , 714
10 915 J>10, 145
1 103 p 1,128
p452
565
6 125 »6, 119
3 130 p 2, 481
9 018
6 371
160
4 107
946
1 970
1 835
11 502
1 142
543
6 425
3 440
10, 768
7,301
178
5,375
642
2,646
1,927
12, 730
1,128
r 550
6 799
r
4 364
15, 090
12, 404
163
7,100
4,032
2,106
1,689
12,468
1,145
543
6 587
4,256
328. 87
324. 94
973 69
16.90
51 25
3 93
329. 62
325. 69
18 04
51 49
3 93
330. 95
327. 01
274 95
18 51
52 06
3 94
327. 80
323. 88
279 23
18 65
51 65
4 55
329. 32
325. 02
973 03
16. 69
51 99
4 30
3 93
330.89
326. 99
271 82
19 33
55 17
3 89
326. 22
322. 29
266 13
19.55
56.16
3.94
330.64
327. 13
270 92
19 16
56 21
3 50
335. 85
332. 41
274 10
18.83
58 31
3 44
335. 90
332. 45
274 71
18.61
57 74
3.45
50
49
49
50
51
51
51
51
.51
52
52
52
.52
50.77
41
47
50.84
37
41
50.92
37
45
50.93
49
63
51.01
43
47
51.09
46
52
51.16
39
45
51.24
44
48
51.30
.41
50
51.41
41
47
51.46
39
48
51.50
35
46
51.59
40
44
974 9Q
340. 50
337. 04
279 87
57 17
3.46
LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U.S. life insurance companies t
bil. $_. 11158. 88 i 167. 02 164. 49 165.43 166.22 166. 94 168. 21 168. 93 169. 86 170. 57 171.24 171.88 173. 13 173. 84 174. 66
Bonds (book value), total.. _ _
do
i 71 90
70 15
72.34
79 81
73.48
74.96
74 37
71 78
74 76
71 62
71 87
72 59
72 98
71 69
73 26
1
1
Stocks (book value), total
do
8.12
8.62
7.44
7.50
7 81
9 13
8.34
8 46
8 76
7 29
7 36
7 91
7 34
7 58
8 00
1
Mortgage loans, total _
do
66.41
65 19
66 70
60 01 i 64 61
66 32
66 51
64 35
64 80
63 68
64 01
65 9
50
66 02
65 80
66 25
N on farm
do
i 59 37
59 19
61.04
61.24
59.96
i 55 19
59 56
60 92
58 46
60 72
61 07
60 6
58 78
60 52
60 92
1
Real estate
_ _
do
4.99
5.08
4.88
5.03
4 68
4.88
5 05
i 4 88
4 82
4 94
4 84
4 89
4 84
4 99
4 95
1
Policy loans and premium notes
_
do
9.70
9.88
9.25
9.74
9.14
t 7 68
9 00
9 12
8 87
9 54
9 81
8 67
9 34
9 44
9 62
i i 53
Cash
do
i i 50
1.30
1.34
1 40
1 49
1 46
1 34
1 33
1 10
1 26
1 33
1 18
1 96
1 35
1
1
Other assets
___
do
7.89
8.09
7 43
7.64
5 73
6 23
7 47
7 87
7 9°
7 31
7 43
7 70
8 00
7 8°
7 80
Payments to policyholders and beneficiaries in
U.S., total___
mil $ 11 416 6 12 342 2 1 022 0 993 5
956 0 1 309 8 1 048 2
969 0 1 166 8 1 118 8
968 1 1 936 8 1 034 1 1 1Q3 9 1 137.5
4 831 4 5 218 2
Death benefits
___
do
509 7
477.4
453.9
494 2
429 6
456 0
419 1
407 0
416 6
454 5
421 1
54° 3
492 1
Matured endowments
__
do
87.9
78.8
93.2
79 2
85 6
71.6
981.6
82 8
82 7
931 1
80. 1
80 0
77 5
79 9
95 9
19 4
Disability payments
do
17.5
16. 6
13 5
16 1
14 8
163 0
169 3
13 1
13 4
13 7
13 3
15 0
16 5
15 1
9
Annuity payments
_
do
102 2
121.0
95 6
102 5
102 8
98
116 5
98 8
1 038 9 1 152 6
94 2
95 0
99 3
108 1
101 1
Surrender values
_ do
199.2
180.6
1 66. 9
169.2
193.3
177.7
1, 932. 3 2, 120. 6
174. 1
167.1
198.0
176.9
206. 0
189.6
195.7
Policy dividends
" " " do" " " " 2, 519. 9 2, 699. 9
427.8
267.9
191. 6
190.0
253.3
182.6
192. 2
265. 5
194.3
236.1
211. 6
268. 0
213. 6
r
Revised.
p Preliminary.
*New series. Data through 1962 are in the Aug. 1965 SURVEY; thosej for 1963-lst qtr. 1966
for 19t~ ~- -,~.
1
End of year; assets of life insurance companies are annual statement values.
appear on p. 25 of tho July 1967 issue of the SURVEY.
1, Data for net receipts and total ex§See note "J" on p. S-17.
cfOther than borrowing.
^Revisions prior to Sept. 1966 for
penditures reflect exclusion of certain interfund transactions.
cash transactions with the public (seas, adj.) and for Feb. 1964-Aug. 1966 for assets of all life
insurance companies will be shown later.
SUEVEY OF CURRENT BUSINESS
November 1967
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
Annual
S-19
1966
Sept.
Oct.
1967
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
Aug.
July
June
Sept.
Oct.
FINANCE—Continued
LIFE INSURANCE— Continued
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) :J
Value, estimated total _ .
_ mil. $
Ordinary
do
Group and mass-marketed ordinary
do
Industrial..
do
1 142,166
82 521
i 52' 349
7 296
9 725
7 052
2 117
556
9 880
7 412
1 878
' 590
10 095
7 698
1 835
562
14 614
8 230
5 850
534
8 661
6 640
1 481
540
9 707
7 019
2 140
548
12 310
8 606
3 084
620
10 820
7 836
9 407
577
11 974
8 478
2 876
620
11 547
8 333
2 649
565
9 930
7 411
1 960
559
10 825
8 042
2 241
542
10, 351
7 484
2,325
542
1 273
964
1 303
982
229
99
1 657
1 145
281
941
1 346
19
038
' 01
107
1 283
964
1 460
1 115
244
97
1 354
1 094
999
108
93
101
1 331
1 014
218
99
1 476
1 104
267
105
1 361
1 041
925
95
1,399
1 054
241
104
1,405
1 050
257
98
1,315
990
231
93
Gold and silver:
Gold:
Monetary stock, U.S. (end of period). ..mil. S.- 13, 733
13, 159 13, 258
Net release from earmark§
do
— 198
— 50
162
Exports
thous $ 1 285 097 457 333 101 436
Imports
do
42, 004
101,669
2,770
13, 257
28
33 943
2, 265
13, 159
—36
42
7,922
13, 159
34
58
2,054
13, 157
— 15
170
1,612
13, 107
—23
56
3,348
13, 107
12
285
1,494
13, 109
_3
162
2,326
13, 109
3
63
2,239
13, 110
490
2,530
13, 108
1
77
2,041
13, 008
— 17
104
3,331
13, 006
1
226
8,219
Premiums collected: J
Total life insurance premiums
Ordinary
_
Group and mass-marketed ordinary
Industrial
_
do
do
do
do
122 479
88 399
27 270
6* 810
15, 176
11 357
2 436
1 383
16
12
2
1
090
063
660
367
219
99Q
MONETARY STATISTICS
Production, world total
mil. $_ 21,440.0
South Africa
do
1 069 4
Canada. _
do
125 6
United States
.
do
58 6
Silver:
Exports
_ _
thous. $
54 061
Imports
_
do
64 769
Price at New York
dol per fine oz
1 293
Production:
Canadai..
. _
thous. fine oz
31,917
Mexico _
do
40 333
United States.
do
44 423
Currency in circulation (end of period)
bil $
Money supply and related data (avg. of daily fig.) : t
Unadjusted for seas, variation:
Total money supply
bil. $
Currency outside banks...
do
Demand deposits
do
Time deposits adjusted^
do
U.S. Government demand deposits
do
Adjusted for seas, variation:
Total money supply
Currency outside banks.. _
Demand deposits
Time deposits adjusted^.
2
12, 905
1, 445. 0
1 080 8
114 6
63 1
91 7
9 2
89 7
9 1
90 8
8 7
87 7
9 6
89 5
8 7
87 8
8 9
89 5
9 1
89 1
8 9
91 2
89
89 1
9 1
88 9
8.4
90 5
89 9
114 325
78 378
1 293
16 596
6 387
1 293
2 471
6 914
1 293
7 105
5,878
1 293
4 Q15
5 785
1 293
14 755
7*494
1 293
9 018
6 399
1 293
10 693
6 136
1 293
11 072
8 451
I 293
15 149
8 159
1 296
19 786
10 120
1 301
2,912
4,021
1 593
1 722
8,520
1 750
4,094
5,839
1 680
32 820
41 984
45 047
2 773
3 370
4 '?73
2 662
3* 767
3 049
3 019
3 105
3 444
2 968
2 966
2 913
3*956
2 504
3 245
3 927
3 353
3 469
3' 598
3 224
3 114
4 151
4 020
2 304
3*280
3 403
2,729
4 194
2,461
892
44 7
43 4
43 6
43 Q.
43 7
44 4
44 7
44 9
45 1
45 0
175. 9
39.6
136 2
177.7
4.3
178.4
39.8
138.6
178.9
5.0
180. 6
40.0
140. 6
180.3
6. 2
179. 2
39.8
139.5
178.9
180.2
39.9
140. 3
180.8
58.3
125. 5
40.8
54.6
35.1
4' 513
42 1
44 7
42 8
43 1
44 2
162.6
35.3
127 3
137.6
6.3
169 8
37.5
132 3
154. 0
4.9
169.7
37.9
131.8
157.4
4.3
170 5
38 1
132 4
157 1
4.8
171.
38.5
133 0
156.1
3.7
175 8
39 1
136 7
156 9
3.4
175 3
38 5
136 8
160 7
4.1
170 6
38 3
132 3
164 0
5.0
171 9
38 5
133 4
166 7
4.9
173 6
38 7
134 9
168 8
4.8
171.1
38.9
132 2
170.8
6.5
174 3
39.3
135 1
173 0
3.9
170 5
37.9
132.6
157 4
170
38
132
157
1
0
1
6
170 1
38 1
132. 0
157 4
170
38
132
158
4
3
1
6
170 3
38 5
131 8
160 8
171
38
132
163
173
38
134
166
172
39
133
168
7
1
6
1
174 5
39 2
135.3
170 0
176 2
39 3
136.8
172 4
177 9
39.5
138.4
174 6
179 1
39.6
139.6
177 2
54.0
111 2
39.6
52.2
34 3
54.6
111 3
39.6
52.5
33 9
56.9
121 8
40.0
53.2
34 2
57.2
124 7
39.4
50.9
34 8
55.6
119 4
39'. 4
52.6
34 2
57.7
123 0
40.8
54.2
35 1
54.8
115 2
39.2
52.0
33 9
56.5
120 0
40.1
53.4
34 4
56.8
119 8
40.7
55.5
34 5
59.0
128 5
41. 1
56.6
34 6
57.4
120.6
40.8
55.4
35.1
10, 625
1 786
4,218
3
do
do
do
do
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted: t
Total (233 SMSA's) 9 ratio of debits to deposits
New York SMS A
do
Total232 SMSA's (except N.Y.)
do....
6 other leading SMSA'sd*
do_
226 other SMSA's .
do
r
5
7
8
5
1
9
2
1
48.3
99 6
35.3
44.9
31 3
52.8
109 4
38.3
50.1
33 3
54.2
111 4
39.4
52.1
34 3
27,521
1,896
694
30, 937
2,102
702
7,400
580
180
7 933
528
166
338
< 753
3 188
4 442
761
970
1.401
345
911
3 474
5 055
799
1 298
1,487
99
217
856
1 247
251
303
353
54
240
823
1 373
173
350
370
1 341
67
325
296
1 395
3,058
2 379
381
779
601
318
748
617
321
674
527
821
3 053
4,058
199
262
1,097
197
870
1 107
162
620
831
199
831
883
11,979
12, 958
2, 985
3 745
3,185
3, 266
2 586
2 764
702
673
799
666
mil. $. . 40,108
45,015
3,249
r
368
840
564
721
3 496
* 3 285
T
175. 8
39.6
136 2
175.1
5.6
82
205
849
1 344
194
311
296
1 151
2,499
1 926
r
54.8
117 2
39.1
51.2
33 9
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade and SE O.Net profit after taxes, all industries
mil. $
Food and kindred products
do_ .
Textile mill products
_
do
Lumber and wood products (except furniture)
mil. $
Paper and allied products _
do
Chemicals and allied products
do
Petroleum refining
do
Stone, clay, and glass products... _ ._ do
Primary nonferrous metal..
do
Primary iron and steel
do
Fabricated metal products (except ordnance,
machinery, and transport, equip.)
mil $
Machinery (except electrical) ._
do
Elec. machinery, equip., and supplies
do
Transportation equipment (except motor
vehicles, etc.)
mil. $
Motor vehicles and equipment
do
All other manufacturing industries
do
Dividends paid (cash) , all industries
do
Electric utilities, profits after taxes (Federal Reserve)!
mil.$
Transportation and communications (see pp. S-23
and S-24).
7 596
506
124
6 748
451
105
4
51
4 igi
786
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total
By type of security:
Bonds and notes, total
Corporate..
Common stock
.
Preferred stock
.
r
6, 686
3,277
5,091
7,523
5,253
4,229
4,002
5,373
3,183
6,574
42, 501
37, 836
2,381
1,333
1 004
13 720
15 561
755
61
1 547
1,939
106
61
6
574
50
725
31
r
Revised.
1 Includes $27.8 bil. coverage on U.S. Armed Forces.
a Estimated; excludes
I .S.S.R., other Eastern European countries, China Mainland, and North Korea.
s Beginning June 1966, data exclude balances accumulated for payment of personal loans
(amounting to $1,140 million for week ending June 15).
* Beginning with the period
noted, data reflect reclassification of companies between industries and are not strictly
comparable with those for earlier periods.
t Revisions will be shown later as follows: Insurance written, 1964-Jan. 19(50; premiums
3,151
1 535
106
20
5,000
1 593
40
51
7,367
1 262
139
17
5,110
9 219
119
24
3,991
1 778
94
144
3,844
1 361
111
47
5,043 r 4, 162 no, 376
9 343 r 2 376 T 2 231
144
130
313
'105
84
17
do
do
do
_ _ _ do
2,518
'4,376
4,004
1,549
173
41
collected, Jan.-Aug. 1964, Jan.-July 1965, and Jan.-July 1966; silver production (Canada),
1964; electric utilities, 1965. Revisions for money supply and related data for 1959-June 1966,
appear in the Aug. 1967 Federal Reserve Bulletin. § Or increase in earmarked gold ( — ) .
1F Time deposits at all commercial banks other than those duo to domestic commercial banks
and the U.S. Govt. t Revised series. 9 Total SMSA's include some cities and counties
not designated as SMSA's. <? Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland, and Los Angeles-Long Beach.
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
Annual
November 1967
1967
1966
Oct.
Sept.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
FINANCE—Continued
SECURITIES ISSUED— Continued
Securities and Exchange Commission— Continued
Estimated gross proceeds— Continued
By type of issuer:
Corporate, total 9
mil. $_. 15, 992
Manufacturing
do
5 417
Extractive (mining)
do
342
Public utility _
do
2 936
Railroad.. _ _ do ..
284
Communication
do
947
4 270
Financial and real estate.- - do
Noncorporate, total 9 ._
U.S. Government
State and municipal
18, 074
7,070
375
3 665
339
2 003
1,941
1,400
650
55
82
29
200
309
892
385
6
258
12
98
73
1,115
233
25
335
10
170
108
1,661
682
17
414
15
154
42
1,684
649
27
222
51
296
267
1,418
570
15
279
20
106
248
2,362
1,283
35
510
42
147
92
2,015
1,153
29
401
12
109
143
1,518
598
30
426
27
92
102
2,674
1,334
40
477
33
354
149
' 2, 590 ' 2, 481
'963 ' 1, 263
'27
' 16
476
536
'35
24
40
359
'122
'417
24 116
9,348
11.148
26 941
8,231
11, 089
1,849
402
992
1 626
408
736
5,570
3,738
950
1,616
373
923
3,407
494
1,450
6,105
4,154
1,159
2,891
459
1,437
2,213
393
1,129
2,483
438
1,209
2,700
410
1,461
' 1, 786
415
925
r
8, 145
6,458
840
2,455
362
"1,273
do
15, 801
17, 841
1,384
876
1,098
1,643
1,669
1,400
2,334
1,985
1,493
2,631
' 2, 546
' 2, 440
1,733
do
do
do
do
do
13,063
7 712
5 352
996
1 741
15, 806
12 430
3,376
241
1 795
1, 114
887
997
1,033
839
194
12
52
1,363
268
783
630
153
46
46
235
8
273
1,522
1 135
388
21
125
1,375
918
457
1
24
2,178
1,755
423
17
139
1,891
1,352
539
12
82
1,418
1,082
336
19
56
2,363
1,832
531
20
248
' 2, 181 ' 2, 184
'1,539 '1,717
'642
'467
'89
'34
r 222
'275
1,581
1,080
501
10
142
do
do
11. 084
6 537
11, 089
6,524
992
362
736
266
950
989
923
458
1,450
454
1,159
756
1,437
634
1,129
1,197
1,209
951
1,461
531
925
286
840
752
' 1, 273
'603
1
534
5 543
i i egg
1
3 706
1
1
1
636
609
5,400
5, 387
1 637 1,528
!3 712
3,537
661
5, 216
1 520
3 349
607
5,275
1,532
3,262
609
5,387
1,637
3,712
673
5,375
1 914
3,187
685
5,445
1 936
713
5,803
2,135
701
5,896
2,078
673
5,966
2.220
'686
6,195
2,231
698
6,636
2,341
732
6,677
2,281
720
6,943
2,401
do
_ do
do _
_
New corporate security issues:
Estimated net proceeds, total
Proposed uses of proceeds:
New money, total
Plant and equipment
Working capital
Retirement of securities
Other purposes
State and municipal issues (Bond Buyer):
Long-term
..
Short-term
o
1,763
654
16
269
20
202
187
956
523
SECURITY MARKETS
Brokers' Balances
(N.Y.S.E. Members Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances (net)
Money borrowed
mil $
do
do
do
1
Bonds
Prices:
Standard & Poor's Corporation.
Industrial, utility, and railroad (A A A issues) :
Composited*
dol. per $100 bond
Domestic municipal (15 bonds)
_ ..do. -
93.9
110.6
86.1
102.6
82.6
98.6
83.4
100.5
83.5
101.0
83.0
102.4
85.9
106.0
86.4
106.4
85.6
105. 8
85.4
104.9
83.4
101.1
81.7
100.2
81.1
99.3
80.3
99.6
80.0
98.0
83. 76
78.63
77.15
78.07
77.68
78.73
81.54
80.73
80.96
80.24
77.48
76.37
76.39
75.38
75.04
3 794 " 4 261 12
3 288.68 3,740.48
322 01
315. 08
341 50
348. 44
312 46
313.01
366 38
356. 22
446 77
417. 53
409 22
350. 65
478 39
394. 94
381 00
333. 15
534. 32
451. 62
539. 46
464. 38
541. 91 '529. 22
455. 80 '471. 09
494. 25
439. 68
3, 643. 11 4,100.86
3 150 16 3 589 62
312. 43
304 96
332. 34
338 21
293. 69
293 70
348. 01
335 45
428. 29
400. 29
385. 34
330. 33
451.87
374. 71
349. 76
309 72
484. 92
413. 73
463.58
406. 43
468.83
402. 31
466. 98
422. 84
438. 28
385. 75
New York Stock Exchange, exclusive of some
stopped sales, face value, total
mil. $ 2. 975. 21 3, 092. 79 232. 94
286. 55
260. 68
285. 40
328. 21
258. 78
281. 42
279. 94
329. 41
326. 62
358. 94
326. 09
319.92
403. 06
U.S. Treasury bonds, taxable1!
_. _
do
_
Sales:
Total, excl. U.S. Government bonds (SEC):
All registered exchanges:
IX^arket value
mil $
Face value
do
New York Stock Exchange:
Market value
..
do. Face value
do
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
78.5
95.8
4.64
5.34
5.71
5.67
5.65
5.69
5.50
5.35
5.43
5.42
5.56
5.75
5.86
5.91
6.00
6.14
4.49
4 57
4.63
4.87
5.13
5 23
5.35
5.67
5.49
5.58
5.69
6.09
5 41
5 50
5.67
6. 10
5.35
5.46
5.65
6. 13
5.39
5.48
5.69
6.18
5.20
5.30
5.53
5.97
5.03
5. 18
5.38
5.82
5.13
5.23
5.49
5.85
5.11
5.26
5.46
5.83
5.24
5.42
5.60
5.96
5.44
5.63
5.77
6.15
5.58
5.72
5.88
6.26
5.62
5.76
5.94
6.33
5.65
5.87
6.06
6.40
5.82
6.01
6.19
6.52
4.61
4.60
4.72
5.30
5.36
5.37
5. 71
5.78
5.65
5.63
5.72
5.67
5.59
5.64
5.72
5.63
5.65
5.78
5.45
5.42
5.63
5.33
5.25
5.48
5.39
5.37
5.51
5.37
5.37
5.51
5.46
5.59
5.62
5.64
5.80
5.80
5.79
5.91
5.88
5.84
5.96
5.94
5.93
6.02
6.03
6.05
6.12
6.24
3. 28
3.27
3.83
3.82
4.03
4.11
3.74
3.97
4.02
3.93
3.77
3.83
3.40
3.58
3.60
3.56
3.54
3.60
3.69
3.66
3.96
3.92
4.06
3.99
3.91
4.05
4.06
4.03
4.19
4.15
4.27
4.31
4.21
4.66
4. 79
4.70
4.74
4.65
4.40
4.47
4.45
4.51
4.76
4.86
4.86
4.95
4.99
7.65
8.48
3.86
4.09
4.90
6.33
8 25
9! 17
4.11
4.45
5.06
6.85
8.30
9.22
4.14
4.53
5.14
6.97
8.33
9.25
4.14
4.55
5.14
6.97
8.22
9. 07
4.15
4.61
5.14
7.42
8.23
9.08
4.18
4.61
5.14
7.53
8.29
9.15
4.18
4.63
5.22
7.53
8.30
9.16
4.20
4.63
5.28
7.81
8.32
9.17
4.27
4.63
5.28
7.81
8.33
9.18
4.27
4.63
5.28
7.81
8.19
8.95
4.32
4.63
5.28
7.81
8.20
8.95
4.38
4.63
5.29
7.81
8.21
8.96
4.39
4.65
5.29
7.81
8.21
8.96
4.39
4.65
5.30
7.81
8.22
8.96
4.39
4.65
5.48
7.81
8.23
9.00
4.40
4.58
5.48
7.81
250. 31
284. 32
117.08
95.06
230. 88
266.77
102. 90
92.65
207. 74
239. 01
94.57
80. 17
220. 60
250. 49
104. 92
83.37
218.34
248. 93
103.47
83.25
217. 56
246. 38
1 05. 99
82. 91
233. 54
266. 77
108. 12
93.13
233. 23
267. 35
105. 18
92. 56
242. 02
278. 90
106. 81
93.52
251.52
293. 28
108. 90
93.60
238. 37
277. 83
102.58
94.89
242. 22
282. 15
100.73
97.92
252. 69
298. 94
103. 04
105. 56
249. 02
295. 09
99.63
104. 99
257. 40
307. 35
99. 76
101.22
251. 90
302. 88
93. 63
91.88
3.78
3.69
3.94
5.56
3.80
2.92
3.55
3.43
3.87
4.97
3.79
2.93
3.56
3.43
3.99
5.00
3.94
3.17
3.44
3.29
4.00
4.95
3.84
3.28
3.31
3.13
3.92
4.95
3.83
3.31
3.44
3.22
4.21
4.88
3.96
3.51
3.39
3.17
4.35
4.73
3.98
3.43
3.25
3.00
4.26
4.41
3.68
3.53
3.30
3.04
4.41
4.43
3.69
3.54
3.19
2.92
4.40
4.59
3.77
3.57
3.27
2.97
4.70
4.98
3.89
3.85
Stocks
Dividend rates, prices, and yields, common stocks
(Moody's):
Dividends per share, annual rate, composite
dollars..
Industrials. _ _
do
Public utilities
... _. _ .... do.'-.
Railroads _
do
N.Y. banks.,
_
do
Fire insurance companies
do
Price per share, end of mo., composite
Industrials
_
_
Public utilities
Railroads. _
_ .
do
do
do
do
3.06
4.00
3.78
3.57
Yields, composite
... ... .. percent3 44
3 86
3 69
Industrials
do
2.98
3.95
Public utilities do
4.38
3.30
3.99
5.65
5.46
4.30
4.80
Railroads
do
4.67
4.04
3.33
3.96
N.Y. banks
do
2.74
3.15
2.92
2.70
Fire insurance companies
do
1
' Revised.
End of year.
9 Includes data not shown separately,
d"Number of bonds represented fluctuates; the change in the number does not affect the
continuity of the series.
3.76
3.64
4.01
5.54
3.90
2.92
1 Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.
OFor bonds due or callable in 10 years or more.
S-21
SUKVEY OF CUEKENT BUSINESS
November 1967
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
Annual
1967
1966
1966
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
May
Apr.
June
July
Aug.
Sept.
Oct.
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks— Continued
Earnings, common stocks (Moody's):
Earnings per share (indust., qtrly. at ann. rate;
pub. util. and RR., for 12 mo. ending each qtr.):
Industrials 1
dollars
Public utilities
do
Railroads
do
16 42
5 92
8 16
16 78
6 30
9 34
14 12
6 19
9 13
Dividend yields, preferred stocks, 10 high-grade
(Standard & Poor's Corp.)
percent, .
4.33
4.97
5.23
5.28
5.21
318. 50
910. 88
157. 88
216.41
308. 70
873. 60
136. 56
227. 35
276. 79
791.65
126. 20
197. 05
273. 35
778. 10
129. 70
192.07
285.23
806.55
136. 43
201.94
Prices:
Dow-Jones averages (65 stocks)
Industrial (30 stocks) _
Public utility (15 stocks).
Railroad (20 stocks)
.
Standard & Poor's Corporation:^
Industrial, public utility, and railroad:
Combined index (500 stocks)
1941-43 = 10. Industrial, total (425 stocks) 9
do.-_
Capital goods (122 stocks)
do
Consumers' goods (181 stocks) . _ do
Public utility (55 stocks)
.
do
Railroad (20 stocks) . _
do
Banks:
New York City (10 stocks)
dO-.__
Outside New York City (16 stocks)
do
Fire and casualty insurance (20 stocks).,. do
New York Stock Exchange common stock indexes:*
Composite.. _._
__ .
12/31/65=50
Industrial
do
Transportation
do
Utility
do
Finance
do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
mil. $
Shares sold
.
___
- millions
On New York Stock Exchange:
Market value
mil. $
Shares sold (cleared or settled)
..millions
Exclusive of odd-lot and stopped stock sales
(N.Y.S.E.; sales effected)
millions
Shares listed, N.Y. Stock Exch., end of period:
Market value, all listed shares
bil. $..
Number of shares listed.. _ _ _ _ . _ millions
5.07
4.98
285.
800
135.
205.
52
86
68
78
298. 28
830. 56
138. 64
220.11
305. 65
851.12
138. 03
228. 69
307. 70
858. 11
135. 96
231. 98
5.03
5.04
5.24
13.50
' 16. 17
6.42
8.30
14 70
6.37
8.85
18 08
6 30
9 34
309.
868.
139.
228.
45
66
29
77
5.17
5.30
315. 57
883. 74
137. 15
238. 27
318. 12
872. 66
131. 92
253. 90
5.34
327.
888.
132.
267.
23
51
72
65
5.35
5.41
5. 59
329. 62
912. 46
132. 43
262. 85
330. 87
923. 45
131.33
261. 79
321. 30
907. 54
126. 08
250. 55
88.17
85.26
77.81
77.13
80.99
81.33
84.45
87.36
89.42
90.96
92.59
91.43
93.01
94.49
95.81
95. 60
93.48
85.26
81.94
76.08
46.78
91.08
84.86
74.10
68.21
46.34
83.11
74.74
67. 89
63.11
40.31
82.01
72.67
66.67
65.41
39.44
86.10
77.89
68.25
68.82
41.57
86.50
79.83
67.76
68.86
41.44
89.88
82.70
69.97
70.63
44.48
93.35
86.72
73.78
70.45
46.13
95.86
90.08
75.10
70.03
4C.78
97.54
92.37
77.53
71.70
45.80
99.59
95.10
79.13
70.70
47.00
98.61
96.34
78.94
67.39
48.19
100. 38
98.35
81.27
67.77
49.91
102. 11
101. 01
83.88
68. 03
50.43
103. 84
r
!04. 17
' 84. 62
67. 45
49. 27
104. 10
106. 64
83. 60
64. 93
46. 28
38.92
71.35
64.17
33.32
63.80
64.55
28.87
57.44
59.52
32.30
61.04
63.68
34.34
65.05
68.62
35.93
67.03
70.50
37.08
69.90
70.03
35. 62
67.09
68.99
35.32
66.00
65.86
36.01
66.56
64.86
35.43
65.81
62.60
35.35
63.97
61.34
36.76
65.95
62.56
37.89
67. 34
58.95
38.39
67. 99
60. 84
37.83
67. 43
58. 66
47.39
46.15
46.18
50.26
45.41
44.45
41.99
41.99
44.51
41.74
39.50
41.50
41.03
42.24
43.33
40.23
43.73
43.28
45.82
45.16
43.16
44.16
43 79
48.23
44.77
44.43
46.02
45.61
51.38
46.43
47.53
47.80
47.72
52.56
47.03
48.71
49.02
49.02
55.19
47.88
48.17
49.92
50.19
54.60
48.07
48.37
51.00
51.78
55.76
47.20
48.17
50.54
51.55
54.97
45.95
47.51
51.67
53.13
57.30
44.87
49.85
52. 46
54. 20
56. 80
44. 69
51. 24
53. 23
55. 28
54. 89
44. 57
52. 98
53.13
55. 62
51. 56
43.33
52. 09
89, 225
2,587
123, 034
3,188
8,750
215
8,658
223
8,102
219
9,538
266
11,653
320
11,181
316
14, 515
418
11,777
323
14.411
397
13, 891
374
13, 319 ' 14, 023
'392
393
13, 092
369
73, 200
1,809
98, 565
2, 205
7,272
161
7,209
166
6,638
162
7,662
189
9,320
224
8,792
216
11,465
268
9,232
206
11,335
257
10, 801
243
10, 114
241
10, 920
251
9,964
228
1,556
1,899
120
146
146
166
208
183
225
188
219
213
217
208
205
225
537. 48
10, 058
482. 54
10, 939
454. 89
10, 818
475. 25
10, 842
480. 88
10, 886
482. 54
10, 939
522. 75
10,989
527. 04
11,046
549. 49
11, 073
572. 64
11,114
546. 65
11, 199
559. 50
11,277
586.41
11, 326
581.99
11,374
600. 94
11,433
583. 13
11,484
FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Value
2, 487. 8
mil. $... 27,478.2 30,319.6 2,491.9 2,693.2 2,627.0 2,716.5 2, 549. 6 2, 489. 6 2,835.9 '2,716.9 2,730.8 2,680.5 2, 431. 0 2, 396. 9 2, 549. 76
2, 504.
do
26,699.5 29,379.2 2,423.9 2,624.0 2,571.9 2,645.6 2, 471. 3 2,419.2 2,797.3 2,666.5 2,686.1 2,617.1 2, 379. 9
Exports (mdse.), incl. reexports, totalQExcl. Dept. of Defense shipments
Seasonally adjusted
do
By geographic regions:A
Africa
Asia
Australia and Oceania
Europe
__._...
Northern North America
Southern North America
South America..- _ _
do
. _ do...
do
do
_ _
By leading countries: A
Africa:
United Arab Republic (Egvpt)
Republic of South Africa
Asia; Australia and Oceania:
Australia, including New Guinea
India
Pakistan
Malaysia
_..
Indonesia
Philippines
Japan
Europe:
France
East Germany
AVest Germany
do
do
do
2,534.2
2,580.7
2,486.1 '2,415.8 2, 620. 2 2,600.9
126 1
1 228 9 r \ 348 5 109 1
6, 012. 1 '6,733.3 ' 540. 9 ' 614. 6
'72.6
' 805. 3 '65.2
956.2
9, 363. 9 '10,003.1 ' 802. 2 ' 824. 8 '
119 6
570.8
72.6
864. 2
122 1
' 639. 4
75.8
' 842. 2
583.7
'5,643.3 ' 6, 661. 2 581.6 ' 621. 2 ' 597. 8
'
' 2, 099. 0 r 2, 268. 3 ' 193. 3 ' 213. 8 ' 198. 4 ' 205. 6
2,174.9 2, 499. 9 ' 199. 5 ' 220. 1 ' 203. 6 ' 247. 5
119.3
611.5
75.4
812.6
87.5
601.6
78.4
820.0
2,569.0
2,659.3
2,544.7
113.9
652.7
82.8
936.5
115.3
608.6
76.7
892. 8
118.9
582.2
78.4
877.8
2,583.4 2, 590. 6 2, 560. 7 2,631.0
114.0
602.9
72.5
854.4
86.0
561. 7
89.8
584.1
792. 0
811.5
533.0
191.7
204.3
539.1
191.9
199.8
537.7
177.6
186.9
638.6
205.1
207.9
625. 9
193.8
203. 7
684.6
200.8
188.2
641.5
203.5
191.8
531.2
190.1
192.1
157 7
438! 1
189 1
401.0
I9 7
'32.6
15 3
41,2
13 0
33.4
12 3
34.9
50.5
78
34.4
75
43.2
11.3
40.7
10.8
32.0
4.9
36.0
1.8
35.4
3.4
38.2
' 799. 3
928.0
335.9
91.1
' 654. 2
929.3
238.7
r
i 45. 6
'54.1
74.3
20.4
3.9
57.2
71.9
27. 1
4.1
63.7
53.0
25.3
3.4
50.3
78.3
27.1
3.9
66.2
100.4
32.8
3.5
70.1
84.4
30.7
5.0
68.0
82.8
44.7
4.2
68.2
80.7
25. 2
3.5
65.5
84.5
14.3
3.1
64.1
83.7
25.0
3.2
06.5
69.4
23.3
4.0
63.6
94.5
14.4
3.2
do
do
do
6 6
41 6
' 67 6
27.8
' 347. 8
348.5
2 080 2 ' 2,363 6 205.1
5 5
32.8
218.2
7.9
28.1
231.5
10.8
'38.6
' 234. 0
6.7
33.8
207.1
4.4
31.0
218.2
10.3
35.9
228.1
5.3
36.8
225. 9
4.6
35.7
221.5
2.3
40.3
210.6
3.7
41.9
220. 1
3.2
32.6
217. 2
do
do
do
970. 7 ' 1, 007. 0 '87.0
'3.6
12.4
'25.2
1 649 6 '1 673 6 r 138 ft
84.3
1.5
138 2
80.9
1. 1
141 8
86.4
'87.2
2.0
1.6
' 124 1 130 6
87.6
1.6
128 5
108. 6
4.7
179.0
92. 5
5.9
163 1
95.5
3.5
151.3
101.2
73.5
1.5
130.1
67.9
.6
152. 2
do
do
do. do
do-__
do
121.1
r
r
76.7
69.1
82.4
81.1
88.7
77.9
76.7
76.7
77. 7
78.8
2.7
2.3
6.0
3.4
4.4
6.6
2.2
8.7
7.1
i6s!s 162.2 141.0 167.0
145.4
' 143. 7 ' 165. 1
173.6
146.9
165.1
J
reflect adoption of revised export schedule; in some instances, because of regrouping of com' Revised.
* Preliminary.
Beginning Jan. 1966, excludes data for Singapore.
modities and release of some "special category" items from the restricted list, data for com{Revisions prior to Sept. 1965 will be shown later.
cfNumber of stocks represents
modities and countries are not comparable with those for earlier periods.
ABeginmng
number currently used; the change in number does not affect continuity of the series.
with the Jan. 1967 SURVEY, data for regions and countries (except India and Pakistan) are
9 Includes data not shown separately.
*New series; index is based on the closing prices
restated to include "special category" shipments formerly excluded.
of the more than 1,250 common stocks listed on the Exchange.
(^Beginning Jan. 1965, data
Italy. _
_
Union of Soviet Socialist Republics
United Kingdom...
. _
do
do
do
74.0
' 908. 8 '74.1
891. 1
45.2
1.0
41.7
1.3
1.615.1 ' 1, 737. 1 ' 156. 4 '141.2
SURVEY OF CUKRENT BUSINESS
S-22
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1967
1966
Sept.
Annual
November 1967
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
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
5,642. 8 ' 6, 660.8
do
'597.8
583.7
539.0
638.5
537.6
625.8
684.5
641.4
531.1
532.9
351.3
336.5
346.4
339.2
348.2
'345.9
383.3
350.0
'399.8
347.6
319.4
360.7
* 244. 1
575. 0
'256.0
'15.9
'47.6
15.7
21.7
51.9
17.8
26.7
42.1
19.2
'37.5
63. 6
24.8
19. 0°
42.8
21.7
25.9
39.5
16.0
19.8
53.5
23.6
17.3
40.9
21.2
18.3
38.3
20.9
22.6
35.4
19.0
16.1
50.6
19.9
20.9
54.3
20.6
198. 5 r 287. 1
0
0)
1,105.9 '1,180.0
625.6
598.0
22.5
0
'101.3
53.5
23.6
0
113.6
52.4
22.2
~0~
98.4
46.6
'23.4
0
103.4
49.9
19.2
0
102.8
49.0
23.1
0
90.8
43.0
16.8
0
105.4
44.4
13.4
0
101.2
55.6
16.7
0
103.6
48.6
22.3
0
105. 5
45.7
15.2
0
99.2
51.0
14.6
0
99.1
49.1
267.5
347.9
237. 4
do
do
do
do
Exports of U.S. merchandise, total O+
Excluding military grant-aid
Agricultural products, total
Xonagricultural products, total
'621.1
'3, 787. 7 '4,230.9
do
do
do
Colombia.
Cuba
Mexico
.
Venezuela- _ _ _ _
'581.6
do
do
do
do
27, 135. 3
26, 356. 5
6, 228. 6
20, 906. 7
By commodity groups and principal commodities:*
Food and live animals 9
do
Meats and preparations (incl. poultry) . .do
Grains and cereal preparations
"
do
r
29,883.9 2,450.6 2,653.5 2,593.4 2,690.2 2,516.6 2,459.5 2,801.1 2, 680. 9 2,697.8 2,648.7 2, 401. 9 2, 449. 9 2, 518. 2
28,943.5 2,382.6 2,584.3 2,538.3 2,619.3 2, 438. 4 2,389.2 2,762.5 2,630.4 2,653.1 2, 585. 4 2, 350. 8 2, 358. 9 2, 473. 1
524.2
543.9
472.3 r 469.6
519.6
552.2
621.7
6, 884. 5 569.0
697.7
632.0
513.6
531.6
23, 014. 6 1, 887. 8 2, 033. 9 1,895.8 2,057.1 1,985.1 1,946.1 2, 248. 9 2, 156. 7 2, 154. 0 2. 129. 2 1,929.6 l, 980.3
4, 003. 1 4, 566. 7 '398.3
14.2
161.8
158.9
273.9
2, 636. 6 3, 189. 3
393.5
18.6
260.5
394.4
17.0
269.0
352. 1
11.6
241.2
334.4
11.0
228.0
308.2
12.8
196.9
358.3
12.9
242.5
327.8
11.6
212.1
333. 3
13.3
208.9
335.9
12.4
214.0
322.4
10.8
214. 8
316.2
12.6
210.8
334.9
Beverages and tobacco
do
Crude materials, inedible, exc. fuels 9
Cotton, raw, excl. linters and waste
Soybeans, exc. canned or prepared
Metal ores, concentrates, and scrap
do
do
do
do
Mineral fuels, lubricants, etc. 9 .
Coal and related products
Petroleum and products
do
do
do
Animal and vegetable oils, fats, waxes
do
471.6
356.0
'26.9
21.6
27.7
32.6
21.4
32.2
33.4
29.2
32.1
38.9
29.9
22.7
26.2
Chemicals ._ _
do
2 401 7
2, 675. 9
'218.4
218.0
218.1
235.9
227.1
215.2
242.5
234.2
249.0
240.2
99Q 7
232.7
235.3
Manufactured goods 9
Textiles
Iron and steel
Nonferrous base metals
do
do
do
do
3, 256. 9
527.8
629.0
539. C
3, 434. 2
554. 2
557.5
582.4
277.4
44.3
41.7
44.6
294.6
48.5
48.5
45.2
276. 1
47.3
47.8
35.1
294.8
50.6
54.8
40.0
289.9
48.0
57.1
47.1
285.6
42.1
52.8
49.5
325. 5
47.4
54.5
61.5
309.3
44.9
50.2
55.9
293.7
45.6
48.1
45.7
298.6
42. 0
45. 6
01. 0
256. 8
37.2
42.1
46.2
285.5
41.1
40.6
30.6
267.7
Machinery and transport
equipment,
78.5
39.6
41.3
47.6
59.2
54.2
46.4
40. 4
50.2
69.5
312.2
72.4
85.5
31.2
276.7
56.6
67.2
29.8
280.7
53.8
62.9
34.7
288.2
47.9
54.2
47.3
263.0
34.2
65.3
41.7
291.7
48.7
61.1
47.3
275.3
35. 7
58.1
44.6
236. 1
27.2
49.6
46. 2
240 6
27.3
47.4
41.4
228. 4
96.6
49.6
42.0
92.0
48.6
41.0
82.5
42.1
37.2
75.9
34.2
38.5
68.9
29.3
31.2
81.4
39.1
36.9
76.4
33.3
38.0
84.4
42.0
38.6
93.3
48.3
40.1
94.5
48. 6
40. 4
113.7
38.5
70.9
120.7
46.0
69.6
109.1
946.5
494.3
417.6
977.5
493.3
435.6
937.7 1, 050. 0 1, 005. 9
959.6 1,157.2 1,116.9 1,115.5 1, 088. 1
954. 6
908.8 1, 017. 7
655.5
49.1
31.0
85.6
173.2
619. 6
44.9
26.8
87.3
164.8
669.0
46.2
34.3
82.1
169.9
653.7
53.9
28.2
82.4
165.6
643.0
57.7
25.9
86.5
166.0
741.9
69.6
30.0
96.4
188.6
726.3
64.1
32.9
95.8
185.6
740.0
71.9
28.9
97.3
182.1
682. 7
54.0
31.5
82.9
183.9
637.0
50.3
31.3
84.7
164.8
597.8
44.6
19.6
80.3
161.0
do
do
3, 445. 0
1,975.5
3,714.6
2, 386. 5
284.3
200.4
384.3
249.5
318.1
241.5
381.0
247.5
352. 2
226.2
316.6
201.3
415.3
254.1
390.6
241.0
375.4
243.5
405.5
235. 2
317.5
179.1
311.0
186.2
do
do
21,365.6
25,542.2
do
do
do
do
877. 6
'978.8
4, 528. 1 '5,276.3
453. 1
'593.6
Northern North America
do
Southern North America
do
South America
do
By leading countries:
Africa:
United Arab Republic (Egypt)
do
Republic of South Africa
do
Asia; Australia and Oceania:
Australia, including New Guinea. _ _ ...do
India. _ _
'„
do
Pakistan
do
Malaysia
do
Indonesia _
d0
Philippines,
do
Japan
_
do
Europe:
Fran ce_ _ _
do
East Germany. _ .
do
West Germany
do
Italy
do
Union of Soviet Socialist Republics _ do
United Kingdom..
do
North and South America:
Canada _ _ _
do
Colombia
Cuba
Mexico
Venezuela...
74.7
337. 9
59.7
124.7
35.1
601.2
44.5
27.8
72.4
163.2
Transport equipment, total
Motor vehicles and parts
Argentina
Brazil ._.
Chile
73.9
286.1
34.9
92.0
42.2
6, 702. 1 7, 445. 9
634.1
628.5
331.7
337.9
932. 9
970.6
1, 659. 7 1, 898. 8
do
do
do
do
do
Latin American Republics, total 9
71.2
'225.2
40.4
18.7
40.7
517.0
total
mil. $ _ _ 10, 147. 1 11,164.3
Machinery, total 9-.
Agricultural.
Metalworking
Construction, excav. and mining
Electrical.
General imports, total t
Seasonally adjusted t
By geographic regions:
Africa..
_ _
Asia
_._
Australia and Oceania
Europe
623.7
2, 855. 5 3, 072. 2
486.2
432.2
650.1
759.9
434.2
421.8
1
ft 909 9
'884.5 1, 039. 8
2,292.8
2,299.8
90.0
'507.5
64.3
7, 857. 1 ' 683. 5
'
4 83? t '6,131.4
538.4
1,741.7 1,912.2 '137.0
2, 623. 8 2, 785. 2 271.2
2,276. 9 9 252 4
2,261.0 2,186.3
'73.0
' 437. 4
54.0
'728.6
69.8
471.9
43.2
'752.2
79.8
405.2
42.1
702.1
84.6
460.2
47.4
702.7
'561.1
' 167. 2
254. 9
'536.9
'154.0
224.1
627. 6
'168.8
'214.3
526.8
181.0
257.7
497.7
163.5
217.9
95.6
463.5
44.9
729.8
94.7
359.9
41.2
628.0
r
78.4
421.4
46.7
608.5
76.9
441.5
33.4
661.5
68.5
439. 8
57.6
692. 1
57.4
436. 9
51.9
661.7
54.5
488.9
56.5
631.7
597.8
200. 9
222.8
544.4
176.4
214.9
629.0
169.7
209.8
643. 8
176.3
201. 5
563.5
136.1
218.9
578.9
146.8
207.8
.6
14.4
17.6
'249.0
1.1
34.4
.3
15.0
1.2
19.4
.9
22.9
15! o
.6
27.7
.9
21.9
.2
19 2
4.9
20.2
3.8
15.9
2
1L5
'398.8
313. 7
348 1
'397 0
44.8
67.8
2 176. 7
'211.8
165. 2
179. 0
397. 6
369. 1
2,413.9 '2,962.6
44.4
30 5
6.1
16.4
15.1
45.2
281.5
43.0
29.6
6.3
13.4
13.6
r
22. 1
' 254. 4
28 9
~25.5
5.4
19.1
13.1
33.3
272.9
29. 9
27.4
4.7
13.8
14.9
23.3
227. 6
36.6
28.5
7.6
17.7
12.2
29.0
257. 4
30.2
21.1
4.8
10.8
15.3
22.9
193.2
27.2
29.4
6.4
18.8
17.5
36.3
251.5
35.1
23.4
4.1
16.1
13.7
34.3
228.7
20.3
23.9
3.6
17.0
14.3
20.7
248.7
43. 6
22. 4
3.4
12.0
12.7
3f:.l
°51 6
32.8
21. 0
2.8
10.0
16.0
36.0
251.2
615. 3
' 697. 9
6 5
8.2
1,341.4 '1,795.6
619. 7
743. 0
42.6
49.4
1,405.2 '1,786.1
56.6
1.2
'168.3
60.4
3.1
'165.9
65.0
1.0
163.3
71.1
4.4
174.6
66.6
.8
175.9
73.6
4.0
178.7
56. 5
.4
163.5
66. 2
4. 1
165.5
58.3
2.1
172 2
57.'?
6.4
147.4
49.5
.4
142.8
61.9
1.9
133.7
57.9
.3
160.3
77.7
6.0
147.1
52.8
54.5
.3
142.9
69.4
4.5
154.9
GO. 2
.3
166. 1
70.4
G0.7
16.1
225. 9
131.' 7
66. 1
2.4
123.5
139. 3
166. 1
71.0
1.7
131.3
34.8
29.0
4.2
16.4
i
18.5
41. 2 """"."
269! 8
62.5
.3
142.0
77.3
4.6
136. '4
4,831.9 '6, 124.9
537.4
' 560. 2
' 536. 4
627. 4
526.3
497.6
597.5
544.3
628.5
643. 4
562. 5
578. 2
do
3, 674. 8
3, 969. 9
351.3
354.8
324.9
317.8
365.9
319.8
344.6
331.7
317. 8
304. 9
304.4
296.8
d0
do
do
192 1
512. 4
°09 4
99Q 1
148.8
599.7
12.0
87.8
24.9
11.5
79.3
19.6
13.1
46.7
21.3
12.3
42. 4
14.8
14.8
52.1
14.7
13.5
43.2
11.4
9.6
38.4
15.5
11.2
37.9
18.6
10.6
41.0
16. 2
10.0
54.4
11.8
11.2
54.4
9.4
do
13.4
276. 7
244. 8
20.6
15.6
do
0
0
0
0
(0
do___.
59.4
750. 2
638. 4
48.9
66.8
do
81.2
78.4
1,018.0 1,002.4
70.8
'Revised.
"Preliminary.
1 Less than $50,000.
= Beginning Jan. 1966, excludes data
i?L xl gapore; such sm'Pments amounted to $1.0 mil. in that month.
^Revisions for Jan.
1964-Nov. 1965 will be shown later.
9 Includes data not shown separately.
QSec
2,240.1 2,261.8 2, 003. 5 2, 355. 9 2,091.1 2, 222. 4 2, 277. 4 2, 127. 2 '2,165.5 2,111.5
2,231.2 2, 295. 6 2, 204. 1 2, 184. 7 2, 224. 0 2,118.6 2, 228. 2 2, 235. 4 '2,114.1 2, 214. 9
10.4
36.0
25.8
19.0
25.3
19.1
18.5
18.9
18.8
19.7
23.0
22.0
0
0
0
0
0
0
0
0
0
69. 3
70.3
64.3 I 63.3
65.2
70.5
71.7
55.3
50.7
80.1
78.6 ;
100.7
90.2
82.0
85.9
G6. 1
79.7
70.1
similar note on p. S-21.
*New Series. Comparable data prior to 1965 for the groups are
not available; data for individual commodities may be obtained from Bureau of Census
reports.
SURVEY OF CURRENT BUSINESS
November 1967
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1967
1966
1966
1965
S-23
Annual
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Sept.
Aug.
Oct.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value — Continued
General imports — Continued
By commodity groups and principal commodities:*
Agricultural products, total
mil. $
4, 083. 6
Nonagricultural products, total _
_ do
17, 282. 0
4 530 5
1l Oil 7
r
358.6
358 4
344 5
405 9
362 0
375 7
381 3
356 9
431 5
336 1
415 3
364 6
\ 886 9 rl 895 6 r\ 895 5 1 878 1 1 846 5 1 638 8 1 924 4 1 715 4 1 886 3 1 919.0 1 782 8 1, 807. 7
T
Food and live animals 9
Cocoa or cacao beans
Coffee
Meats and preparations
Sugar
_
do
do
do
do
do
Beverages and tobacco
do
553 2
641 7
53 3
64 7
66 5
53 6
60 0
49 9
63 6
62 4
55 5
51 4
38 3
39.9
51.8
Crude materials, inedible, exc. fuels?
Metal ores
Paper base stocks
Textile fibers
Rubber
__ .
do
do
do
do
do
3, 046. 6
915.4
421 9
435 4
188 1
3, 265. 6
1 019.8
449 3
436 3
180 9
280.4
101 9
35 2
28 5
13 5
265.0
105 2
38 0
26 0
14 8
270.1
102 9
37 5
25 6
15 3
251.0
79 4
38 9
26 9
12 9
254.0
75 3
37 6
29 6
17 3
210.8
61 2
33 3
24 9
14 1
254.5
62 8
39 8
32 0
21 2
226.3
62 7
32 4
25 2
13 6
250.7
92 6
35 0
93 5
14 3
282.2
117.0
35 8
24 9
9 6
224. 0
79 7
30 7
23 0
9 0
276.5
98.1
35 5
23.6
15.8
234. 3
_ do
do
2, 221. 5
2, 092. 5
2, 262. 0
2 127 1
182.9
169 9
182.6
173 7
181.5
170 1
182 5
173 0
226.7
212 7
186 7
172 3
211.8
197 2
193.8
179 1
194.7
181 1
176.9
163.7
165.3
153 5
158.3
147.4
169.9
do
do
116.5
768.8
146.2
964 0
rQ3 8
10.5
11.9
79 4
12.8
80 5
13.1
74 7
14.2
82 4
14.8
80 0
11.3
90 2
8.0
83 7
8.2
85.1
6.2
76.1
7.2
70.7
'9.1
82.9
8.9
69.6
do
do
do
do
do
5 555 4
1 234.7
789 6
1 266 8
800 4
6 353 9
1 305 0
889 5
1 551 7
908 5
7
2
6
6
4
531 9
114.4
71 4
129 7
76.7
490 8
105.6
68 9
122 3
69.8
551.7
122.4
79 3
127 1
69 8
527 5
114.2
77.8
124.8
61.3
493 2
110.8
69 9
105 0
60 4
513.2
116.9
70.8
100.9
69.3
536.1
Machinery and transport equipment. _ _.do
2, 947. 8
413.1
Mineral fuels, lubricants, etc. - _
Petroleum and products
_
Animal and vegetable oils and fats
Chemicals
Manufactured goods 9
Iron and steel__. _ _
Newsprint
Nonferrous metals
Textiles .
Machinery, total 9 - - - „
Metalworking
Electrical
-
do
do
do
Transport equipment
do
Automobiles and parts
do
Indexes
Exports (U.S. mdse., excl. military grant-aid):
Quantity
1957-59-100
Value .. . _
do
Unit value
do
General imports: d"
Quantity
_ ... _
do
Value
do
Unit value _
_
do
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports) :§
Shipping weight
thous sh tons
Value
mil $
General imports:
Shipping weight..thous. sh. tons
Value
mil $
3 459 6
120.5
1 058 5
426 5
442.5
3 947 5
122 2
1 067 3
599 5
501 2
372 3
52
98 Q
57 1
73 3
579
134
81
139
80
9
4
0
3
4
358
6
99
58
48
564
116
78
136
75
2
7
9
4
1
2
6
8
0
5
326
7
72
48
40
3
9
7
8
9
330
12
75
50
35
8
8
8
1
4
355
24
92
54
33
4
5
6
3
6
471
98
64
122
60
1
9
5
5
0
369
20
93
51
46
6
8
5
6
8
331 7
4.8
83 0
61. 1
56.3
434.7
537.2
430.4
497.1
515.8
473.6
418.5
286.1
19 8
103 7
234.1
17.5
80.7
254.4
16 2
86 0
249.8
17.7
87.5
251.6
15 9
89.1
251 1
196 4
196.2
151.1
242 8
199 8
266.1
218.2
299 0
179. 6
310.3
258.9
18.0
104.2
159.9
115.2
267 7
17 2
117 8
261 9
16 8
107 3
242 0
16 3
85 9
232 5
14 3
87 5
1 201 5
810 1
2 209 3
1 617 7
191 7
137 9
191 1
147 0
186 8
147 8
285 8
239 3
242 4
195 9
202 1
164 1
144
152
106
158
16S
106
152
161
106
167
180
107
153
152
99
1§9
180
184
186
191
193
101
266 074
17 319
327
8
80
59
63
484.4
243 6
12 9
103 5
4
337 2
9.9
75 4
51 5
59.7
547.8
434.7
4
2
5
4
1
4
454.5
416.7
225 0
10 7
99 5
255,754
14 942
296
5
77
43
37
522
101
72
128
80
4, 827. 6
171 730 4 185 978
16 927 4 18 59Q
6
7
9
3
4
513 5
99 2
75 4
133 5
69 3
1, 746. 2 2, 618. 4
63 5
135 3
639 6 1 015 9
101
322
11
76
44
54
0
8
8
4
2
9
2
9
4
2
581
140
77
147
67
1
6
8
9
9
314
25
74
47
37
101
r
179
192
108
r
191
203
106
99
100
17 025 16 979
l' 500 1 648
16 012
1 659
14 120
1 637
I9 459
1 533
12 971
1 463
13 705
1 653
14 948
1 601
16 058
1 607
16 570
1,572
24 603
1 519
23 292
1 536
20 ^lO
1 383
9
18 994
1 315
20 764
1 540
20 132
1 348
22, 646
1 426
22, 810
1 484
24 044
1 602
2 877
1 5H
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers
Scheduled domestic trunk carriers:
Financial operations (qtrly. total) :
Operating revenues, total 9
mil $
Transport, total 9--- _ . _
do
Passenger.. ... _
do
Property - do
U.S. mail (excl. subsidy). _
do
Operating expenses (incl. depreciation) do
Net income (after taxes)
.
do
Operating results:
IVliles flown (revenue)
mil
Express and freight ton-miles
flown
do
Mail ton-miles
flown
do
Passengers originated (revenue)
do
Passenger-miles flown (revenue)
bil
941
921
219
71
49
0
6
6
4
2
Express Operations (qtrly.)
Transportation revenues
Express privilege payments
mil $
do
J01
A
Local Transit Lines
Fares, average cash rate
Passengers carried (revenue)
cents
mil"
-
3 306
3 707
3 672
3 261
242
91
3, 250
240
831
823
730
50
20
736
48
1 010 9
1 081 7
°89 4
81 1
57 i
99 4
97 4
23 0
119.3
111.7
28.0
21.6
6 798
21.9
6 671
21.9
552
3 278
2 933
218
74
2,886
223
5 i
96 1
105*9
94 5
7 3
5 o
91
101
26
7
4
Q7 3
104
36
7
5
4
5
5
5
96
87
94
7
5
6
1
9
4
3
88 9
85 5
94' 5
6 7
46
102
105
29
8
5
6
8
9
4
9
1
987
15
.
70
126
!990
»76
100 1
108 8
28 2
8*0
5 5
105
114
99
7
5
2
4
4
9
4
105
117
98
9
6
4
4
9
2
7
110 5
100.3
27.8
8.8
6.8
113 1
113.8
31.8
9.7
7. 4
22.8
494
23.90
55
1 OS S
3
29.2
21.9
583
21.9
570
Motor Carriers (Intercity)
Carriers of property, class I (qtrly. total):
2
Number of reporting carriers
1,148
- 1, 148
1 155
9
Operating revenues, total
mil $
7,120
7,849
020
Expenses, total
do
6 741
7 457
1 907 "'."."'.
Freight carried (revenue)
mil tons
433
'462
']18
3
1
' Revised.
Preliminary.
As compiled by Air Transport Assn. of America.
3 Payments of $2.6
2 Number of carriers filing complete reports for the year.
3 Payments of $2.6 mil. were
'•A
"' "
deferred until 2d quarter 1967.
< Revisions for Jan.-July 1966 will be shown late r.
"
"
5
Excludes excess baggage revenues.
9 Includes data not shown separately.
7
2
3
1
7
i 1, 122
1 030
1 020
904
62
24
951
39
1 002
992
870
69
28
890
60
22.0
582
22.1
553
22.2
K90
29.0
24.0
22.2
595
22 2
561
22.3
593
22.4
5*53
23.1
546
1 148
1 933
1 899
2 054
1 984 ~ " . ~ I ~ ~
1 851
119
116
*New series, replacing imports for consumption data formerly shown. Comparable
monthly data, beginning Jan. 1965, will be shown later.
^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.
November 1967
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
Sept.
Annual
1967
1966
1966
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
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
150.9
Common carriers of general freight, seas, adj.*
1413
1957-59=100-Carriers of passengers, class I (qtrly.):§
Number of reporting carriers
* 156
Operating revenues, total
mil. $._ 610.3
Expenses total
do
516.7
Passengers carried (revenue)
mil
218.3
Class I Railroads
Freight carloadings (AAR):
29, 248
Total cars
.
thous
5,555
Coal.
do
428
Coke
do
Forest products
.
do
1,978
2,662
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.):
Operating revenues total 9
mil $
Freight
do
Passenger
do
Operating expenses
do
Tax accruals and rents
do
Net railway operating income
do
Net Income (after taxes)
do
Operating results:
Ton-miles of freight (net), revenue and nonrevRevenue ton-miles*
do
Revenue per ton-mile (qtrly. avg.)
cents _.
Passengers (revenue) carried 1 mile (qtrly. ) _ . mil. -
125
1,956
459
16, 084
161.2
156.0
154 9
159.4
156.2
1156
641.0
545.8
223.2
2,986
2570
155.7
153.6
155.7
134.3
141.6
147.3
143.7
148.6
145.5
162
162.8
145.3
55.8
162
137 8
133 3
52 5
M93
2260
2,526
485
32
154
234
2,333 2 2, 624
443
2553
32
-238
146
2175
233
2252
2,049
438
29
148
201
2,054 2 2, 660
2528
434
234
29
2205
158
2249
193
2,221
458
28
155
170
2,282 2 2, 728
2511
459
234
29
2192
158
2216
161
1,968
357
24
144
196
2,221 2 2, 777
-'540
448
234
26
2201
164
2218
212
2,345
438
28
161
206
215
110
2292
2,131
233
322
16, 159 21,583
19
203
26
1,372
14
155
24
1,286
2108
228
21,460
6
67
20
1,139
27
4
291
68
225
20
1,149 2 1, 520
5
121
21
1,263
5
25
197
2268
225
20
1,253 2 1, 476
4
198
17
1,029
5
194
17
1,155
2 1, 532
14
161
19
1,319
94
96
91
97
100
37
92
13
96
97
95
88
98
104
40
130
13
100
99
95
87
103
109
38
129
13
101
97
95
82
105
99
32
116
12
100
96
97
74
109
100
30
96
11
98
96
104
80
103
88
24
116
11
98
89
97
85
99
80
25
83
11
92
85
97
84
99
74
26
78
10
87
90
95
86
100
94
24
75
9
92
90
89
82
104
87
27
74
9
94
89
87
80
102
88
27
73
9
93
360.8
241
210
96
96
78
107
94
29
104
11
98
93
102
87
102
85
23
92
11
95
211
2 221
221
97
97
100
103
97
40
95
20
100
96
95
98
102
105
35
102
14
99
95
94
100
99
103
36
99
13
98
10, 208
8,836
553
7,850
1,396
962
815
10, 655
9,281
544
8,117
1,492
1,046
902
2 690
2,311
165
2 031
391
268
227
2 718
2 368
125
2,098
356
263
244
2,536
2 226
117
2 027
364
145
121
2,628
2,312
121
709.3
697.7
1.266
17,389
750.5
738.3
1.257
17,095
186.7
186.1
1.242
5, 427
189 7
186.1
1 272
3 880
180 0
177.2
1 256
3 567
186.8
184.0
1.257
3,793
350.2
356.6
2 3 70. 8
83, 019
9,630
6,795
731
6, 962
863
6,549
692
6,744
750
7,013
815
6,929
670
7,909
819
7,136
702
7,778
943
7,841
767
8,378
810
7,843
638
7,179
763
10.03
62
115
10.45
65
118
10.86
69
113
10.41
60
108
9.35
49
118
10.03
59
106
10.22
62
114
9.79
64
122
10.98
67
123
10.41
64
128
11.06
63
123
9.93
55
109
11.12
63
112
10.97
64
120
3,881
3,759
2,413
2,040
1,548
38, 490
387
322
268
204
94
3,872
311
250
217
187
73
2,664
251
217
181
157
71
1,329
236
248
177
183
67
851
273
258
185
133
100
932
254
275
149
123
111
941
322
325
191
154
188
1,380
308
328
206
157
197
1,711
356
365
223
190
224
2,417
402
537
236
217
219
5,674
165
8,814
144
8,595
100
3,892
1,969
33.80
650
11.07
397
6.91
403
6.97
358
6. 11
12, 904
6,699
4,761
7,713
2,317
86.0
3,260
1,676
1,216
1,935
592
84.9
3 330
1,717
1,237
2,038
580
86 0
3 356
1,732
1,245
2,040
584
87 0
3,445
1,764
1,291
2,067
618
87.8
319.3
275.5
24.9
80.5
71. 1
5.5
81.7
69 7
75
81.5
71 8
4.3
85.3
73.4
7.0
121.4
90.4
27.1
31.3
31 4
23.8
6.6
31 2
23 9
33.1
24.8
7.1
Waterway Traffic
Panama Canal:
78. 927
Total
thous Ig tons
9.080
In United States vessels
do
Travel
Hotels:
9.71
Average sale per occupied room
dollars
62
Rooms occupied
% of total
112
Restaurant sales index-_.same mo. 1951 = 100-.
Foreign travel:
3,351
IT S citizens" Arrivals
thous
3,341
2,093
Aliens* Arrivals
do
1,819
Departures
do
1,330
Passports issued and renewed
do
National parks, visits
do
36, 509
Pullman Co. (qtrly.):
2,014
Pftssenger-mi'es (revenue)
mil
Passenger revenues
mil $
34.55
COMMUNICATION (QTRLY.)
Telephone carriers:
Operating revenues 9
mil $
11,750
6,272
Station revenues
do
Tolls message
do
4,188
7,076
2,091
Net operatinp income
do
81.5
Telegraph carriers:
Domestic:
305.6
267.4
Operating expenses, incl. depreciation
do
23.8
International:^
112.2
Operating revenues
do
87.0
Operating expenses, incl. depreciation
do
21.0
p a g eve ues
_
o
99 7
7 5
r
Revised.
"Preliminary.
i Number of carriers filing complete reports for the year.
2
3
Data cover 5 weeks; other periods, 4 weeks.
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.
155.5
156
155 0
136 5
56 1
156
210.6
159.4
65.2
29, 618
5,590
432
1,996
2,877
156.7
150.2
154.0
155 8
fi 3
179
143
83
I
1
§Effective 1st qtr. 1965, carriers reporting both intercity and local and suburban schedules
are classified as intercity if intercity revenues equal or exceed 50 percent of revenues from
both operations.
9 Includes data not shown separately.
d" 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.
S-25
SURVEY OF CURRENT BUSINESS
November 1967
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1967
1966
Annual
Oct.
Sept.
Nov.
Dec.
Jan.
Mar.
Feb.
June
May
Apr.
July
Aug.
Sept.
Oct.
1
CHEMICALS AND ALLIED PRODUCTS
1
CHEMICALS
Inorganic chemicals, production:
16, 839
16,745
\cetylcnc
mil cu ft
Ammonia, synthetic anhydrous (commercial)
thous. sh. tons__ 8, 710. 9 10,661.1
1,077.7 1, 298. 2
Chlorine, gas (100% Cl?)
_.
do
6, 478. 7 6, 946. 0
1,368.1 1 1, 504. 8
Hydrochloric arid (100% H C I ) - .do
4, 889. 7 5, 333. 0
Xitric acid (100% HX0 3 )
do
182, 031 214,853
Oxygen (high purity)
mil cu ft
Phosphoric acid (100% PaO 6 )
thous. sh. tons... 3, 904. 6 14,531.2
Sodium carbonate (soda ash), synthetic (58%
NTa2O)-thous. sh. tons.. 4, 928. 0 5, 073. 2
Sodium bichromate and chromate
do
141.0
138.9
Sodium hydroxide (100% XaOH)
do
6, 796. 4 7, 342. 0
Sodium silicate (soluble silicate glass), anhydrous
609. 1
thous. sh. tons__
587. 8
Sodium sulfates (anhydrous, refined; Glauber's
1,407.9 1,427.4
24,850.7 28,477.3
Sulfurie acid (100% HsSOi)
do
1 , 426
1,471
1,399
1,409
1,467
1, 225
1,234
1 , 280
1,220
1,069
«• 1,029
1,162
1,002.0
112.9
624. 1
125.9
446. 3
17,397
353. 6
967. 6
109.8
r 647. 2
r 120. 8
457. 5
17, 656
'345.0
950. 7
115.3
624. 6
127.7
493. 6
18, 932
357. 9
847.8
115.4
570. 0
125. 0
423.7
18,125
353. 2
822. 2
113.9
605. 2
135.5
469. 2
19.178
388.0
911.4
106.9
599. 6
129. 5
497. 5
18,584
374. 3
1,049.6
96.2
615. 2
135.4
512. 5
18, 343
391.6
994.9
91.6
633.1
133. 6
531.8
18,333
406. 7
928. 7
84.7
589. 0
126. 7
521.3
17,072
404. 9
1,032.2
93.9
648.1
138.8
544.3
18,899
424.8
991. 4
92. 9
613. 0
133. 2
531.9
17,617
410. 6
1,072.8
103. 6
646. 7
134. 2
515. 4
18, 557
408. 4
400. 7
11.9
605. 7
445. 2
12.9
649. 0
408. 2
9.3
634. 1
424.4
9.1
657. 2
391.2
11.5
656. 9
359. 6
11.8
596. 0
429.4
11.6
660.0
408. 7
11.2
642. 9
404. 0
10. 1
073. 0
421. 7
10.7
643. 5
398. 1
9.7
662. 3
402. 4
11.1
632. 9
53. 9
55. 1
52. 8
51. 1
47.9
48.3
53.6
45. 1
43. 6
55. 3
50.7
50. 6
121.7
117.0
106. 1
2,356.1 2, 330. 3 2,480.8
115.2
2,460.1
]•>•) 4
2,426.0
109 6
2,196.2
129.7
2.9
11.4
135. 0
2. 5
9.1
135. 8
1.7
9. 5
140.1
9.2
9. 9
9. 7
1 2. 8
319.5
7.0
14.2
295. 4
9. 6
10. 1
281.2
10. 5
11.2
299. 0
9' 4
289. S
r 24. 8
22. 3
44. 9
61.0
2l! 4
39. 5
65. 1
115.0
2,430.3
112. S
2,462.5
114.0
2,568.4
1,600.9
34.1
i 112.7
125.7
2. 9
9. 9
126.8
3.2
8.8
137. 0
2.7
9. 6
137. 3
3.4
10.0
1 29. 8
2.9
9.9
114.7
7^2
108. 4
2.9
10.6
i 140. 8
141.5
mil Ib
i 121.6
do
i 114.0
...do.... 13,106.6 i 3, 627. 1
Organic chemicals, production rcf
Acetic anhydride
A. cet vlsalicvlic acid (aspirin)
Creosote oil
120.5
2,269.9
9. 3
10.9
291.9
11.5
9.7
318.8
10.3
12.8
309. 6
10.9
12.1
308. 3
9.9
10.9
300. 9
10.1
8.3
289.8
9 7
10.7
321.8
9.4
12.4
308.9
mil Ib
do
mil gal
DDT
Ethyl acetate (85%) . ._ .
Formaldehyde (37%, HCHO)
Glycerin, refined, all grades:
Production.
.. ..
.
Stocks, end of period
M e t h a n o l synthetic and natural
P h t h a l i c anhydride
1,531.7
29.0
12123.6
9
113.7
f 10 2
2,115.3 2, 273. 2
131.8
127. 0
2 8
do
do
mil gal
mil Ib
353. 2
24.7
14.33.3
i 608. 3
365. 6
26. 0
i 485. 6
' 674. 8
30. 5
21. 7
41.2
57. 6
32.4
22. 4
43.1
58.4
35. 2
24. 3
42.8
59. 9
3D. 8
20. 0
48.1
58. 7
30. 9
26. 5
27.3
41.0
53.6
30.9
27.0
44.5
57.6
31.0
33. 3
49' 9
58.3
39. 6
59.8
45] 9
60. 4
28. 1
29. 4
45. 7
55. 0
26. 8
27.9
41.9
52. 8
mil tax gal
do
do
do
710.1
200 5
589. 5
70.0
659. 6
204. 0
570. 0
74.7
58. 1
201. 5
43. 9
7.0
65. 2
196.9
50. 9
8.9
59. 6
199.0
47.7
6. 8
59.4
204. 0
48. 0
5.2
57.0
203. 1
56. 6
5. 1
49.1
205.1
41.9
5.0
56. 3
204.1
51.6
6.7
52. 6
209. 5
39.8
6.5
63. 4
214. 4
49.2
7.0
57. 2
216.0
45.6
6.8
54. 1
221.9
48.5
5.3
55. 2
221.8
49.7
6. 5
mil. wine g a l__
315. 9
315. 2
5.4
307. 3
310. 0
3.5
23.7
93 ()
3.0
27.8
°6 7
4.0
25. 8
''6 5
3. 2
25. 9
30. 4
30 7
3.2
22.6
2.8
27.9
9
68
3.8
21 5
21 8
3.6
°6 5
9
61
4.0
'>4 5
°5 0
3.6
26 1
3.5
4.0
26. 8
28 4
4.1
3 10,810
3 1.196
3
8, 104
3 1,053
14,219
2, 303
10,018
1,000
1, 155
197
808
85
1, 131
193
805
88
1,497
443
864
58
1,432
216
1,019
94
1,273
116
979
136
1,128
118
854
108
1,166
137
922
83
1,171
40
943
77
1,311
153
947
87
1,360
95
959
76
1,111
68
855
53
1,354
111
940
98
1,194
218
773
109
177
181
1 780
398
154
160
13
10
260
13
14
20
228
13
12
12
175
35
11
20
221
9
9
29
213
30
19
32
244
22
28
19
308
21
207
21
12
3
154
39
10
321
11
8
237
34
121
24
10
15
264
16
12
8
293
5
3,342
3, 991
472
372
282
286
351
296
504
611
319
217
145
298
3, 834
469
4, 431
624
328
572
367
552
370
612
395
624
403
602
406
637
439
623
415
529
385
567
346
627
287
700
r 325
' 713
.8
1 459 4
.5
1 753 1
1.1
482. 2
2,169.3
1, 246. 7
922. 6
2, 364. 4
1,312.4
1,052.0
205. 5
115.8
89.7
195.6
105.2
90. 4
178.5
91.2
87.3
149.9
73.0
70. 9
162.0
81.3
80.7
167.3
88.9
78.4
208. 3
114.8
93.5
208. 6
121.1
87. 5
231. 7
134. 4
97. 3
250.4
146. 7
103.7
214.8
134.2
80. 7
248. 2
146. S
101.5
671
705
2 871
099
2 920
722
2, 704
694
611
2,618
708
2, 492
696
2, 405
719
2, 349
668
2,215
716
2, 278
695
2, 244
Ih .i
15 3
Ih 1
14.1
14.5
15.7
13. S
15. 1
14. 2
11.6
12. 5
49 1
is < >
47 3
45 0
46. 7
43.3
51.1
47.6
52. 3
S-..S
46. 1
53. 1
27 s
23
37
90
5s
27
3S
SO
A
22 0
37 1
73. 9
47.1
23. 4
35. 9
25. 5
35. 4
73. 2
46. S
2S. 1 i
41.6
88. 2
57. 4
24. 9
40. 1
80. 6
51.2
19.0
46. 4
SO. 8
51.3
25. 4
41.S
20. 5
35. 7
07.3
42. 8
20. 8
44. 0
80. 7
57. 9
201.2
225. 5 i
330.5
207. 9
215.9
320. 5
20S. ;")
211.8
316. 1
1 92. 3
212.2
309. S
169,8
167.7
299. 7
190,2
201. 1
291.8
r
ALCOHOL
E t h y l alcohol and spirits:
Production
Stocks, end of period
Use for denaturation
Taxable withdrawals
Denatured alcohol:
Production
Stocks end of period
do
99 8
FERTILIZERS
Exports total 9
Xitrogenous materials
Phosphate materials
Potash materials
Imports:
Ammonium nitrate
Ammonium sulfate.
Potassium chloride
Sodium nitrate
thous sh tons
do
do
do
.
_
do
do
do
do
Potash deliveries (KjO)
do
Superphosphate and other phosphatic fertilizers
(100% P 2 O 5 ):
Production
thous. sh. tons-.
Stocks, end of period
do
339
657
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments, quarterly:
Black blasting powder
mil Ib
High explosives
do
Paints, varnish, and lacquer, factory shipments:
Total shipments . _ _ _ _ _
'
mi .$
Trade products _
do
I n d u s t r i a l finishes
_do
Sulfur, native (Frasch) and recovered:
Product ion.
thous. Ig. tons . .
Stocks (producers'), end of period
do
i 7, 336
3 425
i 8, 242
''. 704
- 1.0
427. 8
.1
406. 4
.1
442. 0
.1
456. 2
PLASTICS AND RESIN MATERIALS
Pioduction
i 190.6
ColluloM p l i s t i c in t t e n iK
11,1! Ib j i 169 5
I h o i u i o s e t t i n g resin 1 i t>39 >
i 614 0
V l k v l icsins
do
Coiun irone mdene md petroleum polvmer
i 324 3 i 333. 5
mm
mil Ib
i 398 9 ! 453 3
Poh( ster r.'sins
do
1
921 S
i <jx,2. (,
Phenolic md other t ir icid r. SKIS
do
1
1 -t . md m< 1 inune icsms
do
O.'l 2
i 632 S
1 f ennonl istu re-nis
r
- f \ < h < f v p e p l a s t n m iteri il" ( p o h ^ t v r r n p )
L',033 1 12,397 2
m i l . Ib
\ uu I i t --in-, re -an l o n U n t b I'-is^
do
12.312 ,5 12, t>70 2
htU U( m>
!
v-t.047 4 13 5r>S 7
'_'.!
:
__
'>
r
X') O
\
' 1 •)
,-m .
l.i u t i
' K ( x ) M d cdimi.l toMl H vision*, u ' not d i b t n b u t ( d 1 ) 111.' M
Hi n ' n i l / 1 in J ' H i , ) , dai.i e u l u d e cit ^ o ' e m i o -t u s,,hm >n> i f o r n * r.v iiH
not' 1 "( " lor p .- - 1.
(
>
^
h
5
1
0
4
S
J I M ,1
210 J
'•Jut t ,
,nj 7
11
1
1
192 7
22 <' 0
i2h 4
50. 8
190.8
IKS. 6 !
223. 4 ! 204.. 4 !
306. H
2'.)0. 9 1
i
SO. 0
56. 6
1) it a arc i eported on the 'asis of 100 percent content of t i c specific 1 materia unless
•T-Incl ides d a t a not shown separately.
otl f r vise in til •:atod.
November 1967
SUEVEY OF CURRENT BUSINESS
S-26
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1967
1966
1966
Annual
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
June
May
July
Aug.
Sept.
Oct.
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total J
mil. kw.-hr__ 1,157,583 1,248/232 102, 282 103, 070 102, 729 109,717 109, 951 101, 061
Electric utilities, total
By fuels
By waterpower . _ _ _
_ _
07, 699 102, 172 106, 582 111,704 114,428 118, 321
93, 949 100,860 101,256
78 745 83 053 83, 566
15, 204 17,807 17, 690
92, 960
76, 369
16, 591
98, 942
80, 419
18, 523
93, 654
76, 199
17, 455
97, 727 103, 007 106, 019 109, 753
78, 524 84, 505 87, 106 91, 088
19, 203 18, 502 18,914 18, 666
Industrial establishments, total
By fuels
By waterpower
Sales to ultimate customers, total (EEI)
Commercial and industrial:
Small light and power§
Large light and power§
861 401
193, 851
949 254
194, 482
79 7"
14, 095
do
do
859 414
195 838
933 407
210 329
77 797
16, 090
77 789
16 422
77 140
16 809
82, 365
18,495
82, 618
18,638
75, 468
17, 492
80, 627
18,315
75, 546
18, 108
78, 747
18, 980
83, 772
19, 235
85, 836
20, 184
89, 231
20, 522
do
do
do
__
Privately and municipally owned util
Other producers (publicly owned)
Railways and railroads
Residential or domestic
Street and highway lighting
Other public authorities
Interdepartmental
1,055,252 1,143,737 93,817
94,210
79 786
14, 424
102, 331
99 198
3 134
104, 496
8, 466
3 149
201
8,859
8,626
233
8,780
8 521
259
8, 857
8, 575
282
8,695
8,393
302
8,101
7,821
280
8,757
8,454
304
8,518
8,220
298
8,854
8,524
330
8,697
8,408
289
8, 409
8,183
226
8,568
8,320
248
do
953,414 1,038,982
91,519
86, 718
86, 350
89, 262
93, 362
89, 654
90, 421
88, 105
87, 585
90, 587
94, 197
97, 963
do
do
202, 112
433 365
225, 878
465 077
21,329
40, 355
19, 166
40, 001
18,457
39 851
18, 840
39,560
19, 253
39, 652
18,613
38, 367
18, 859
39, 559
18, 705
39, 530
18, 679
40, 304
20, 343
40,991
22, 196
40, 130
23, 056
41,913
4 652
80 970
4 514
306 572
9 240
25 922
1 779
341
26, 351
746
2, 239
158
370
3 981
811
2,238
151
376
94 371
866
2 291
139
421
27,087
914
2,306
134
438
30 594
925
2,351
149
423
28, 895
834
2,370
152
426
28, 174
817
2,407
179
376
26, 142
772
2,376
204
370
24, 885
726
2,316
306
337
25,510
702
2,405
301
336
28, 166
713
2,341
315
351
29, 130
754
2,437
321
do
do
do
do
do
do
do
do
9
8*782
21, 675
1 858
101,346
8,264
9
Revenue from sales to ultimate customers (Edison
Electric Institute)
mil $ 15 158 4 16 196 1 1, 427. 6 1,351.6 1 330 5 1,375.0 1 431.2 1, 398. 1 1, 393. 8 1, 370. 4 1,362.4 1,416.3 1, 481. 4 1, 523. 6
GAS
Manufactured and mixed gas:
Customers end of period total 9
Residential
Industrial and commercial
Sales to consumers total 9
Residential
Industrial and commercial
u
s
thous
do
do
702
659
49
670
698
41
669
6'?1
40
670
698
41
677
634
43
672
629
42
mil therms
do
do
1 357
809
534
1 386
' 807
5fy)
165
63
101
383
218
160
561
363
198
311
176
131
130 4
87 2
42 1
19 7 9
83 5
43 1
16 9
8 6
7 5
34 7
99 3
12.0
49 0
33 6
15.3
29.0
18.5
10.2
sume s, lorai y__mn. <>__
Industrial and commercial
do
Natural gas:
Customers end of period total 9
Residential
thous
do
37 265
34 227
2 997
37 183
34 057
3 08°
37 196
34 234
2 919
37 183
34,057
3 089
38 201
35, 062
3 139
38, 073
34, 991
3,037
do
118 748
39 190
I9 7 594
40 959
80 890
93 715
3 435
18 842
39 060
10 169
9Q 591
42 927
18, 843
24 084
31, 225
9,194
20, 931
9
1 903 1
3 433 8
698 5
1 957 3
1 098 8
877 5
2 882 5
1 731 9
1 150 5
1, 868. 3
962 6
865.8
Residential
74 Pt^J
rteyeimt, ironi saitb 10 consumers, loiai y _^mn. $._
Industrial and commercial
do
7 978
«=;
7 745
» CO C
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 \vines, 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
108.22
100. 42
10. 34
113.04
104. 26
10.57
9.00
8.95
11.62
8.37
7.79
11.54
8.10
7.93
11.08
8.33
8.14
10.57
10.68
9.50
12.14
10.77
9.18
12.88
11.26
10.20
13.04
11.21
10.51
12.83
10.64
9.63
13.03
10 74
10.48
12.48
191.14
14.31
16.28
17.06
15. 20
17.20
17.20
19.36
18.17
20.27
16.46
11.14
13.83
294.24
r 309. 00
25. 20
12.57
883. 87
5.77
26.45
37.56
27.24
12.64
892. 90
5.21
23.66
11.70
895. 69
4.90
26.46
13.46
899. 46
5.19
12.95
900. 42
5.56
22.55
10.05
880. 42
5.46
21.54
9.76
888. 40
3.94
27.52
14.32
878. 48
7.15
21.18
9.91
885. 49
4.90
27.99
15.57
879. 81
7.41
32.77
9.40
900. 14
4.04
13.27
897. 62
4.89
5.76
8.72
8. 68
844. 37
4.58
9.26
11.13
839. 28
6.60
9.92
10.06
835. 18
6.39
9.85
6.55
835. 46
4.88
12.73
6.49
839. 32
4.10
13.81
6.81
843. 33
3.42
14.82
8.25
846. 85
4.49
14.09
7.54
850. 06
4.32
15.47
8.21
854. 57
4.49
10.98
7.60
855. 37
4.88
7.68
5.44
855. 62
3.50
9.91
8.29
854. 32
4.27
5.04
144.73
137. 52
872. 90
58. 04
880. 42
126. 88
128. 51
835. 85
51. 10
835. 46
94.11
64. 81
'101.31
' 67. 14
9.21
6.40
12.70
9.34
9.92
6.46
6. 92
3. 99
6.49
3.60
6.87
4.26
8.94
5.53
8.69
5.32
9.67
5.93
9.37
5. 82
6. 47
3.87
9.13
5.56
7.29
6. 25
3.10
1.45
8.75
7.40
3.75
1.64
.58
.73
4.46
. 11
72
!91
4.20
.23
.73
1.01
3.88
.25
.96
1.00
3.75
.18
.86
.51
4.01
.14
.86
.43
4.38
.13
.83
.65
4.50
.17
.71
.52
4.64
.13
.74
.62
4.66
.15
.94
.68
4.87
. 14
.49
.48
4. 86
. 10
1.01
.62
5.14
.10
88.44
17.88
16. 09
3.49
13.43
253. 50
1.22
3.14
13.14
239. 90
1.08
3.22
17.87
225. 49
1.47
2.88
13.59
212. 49
1.35
2.63
13.59
201. 88
1.51
3.11
14.94
187. 26
1.41
177.28
90.05
60.30
94.57
52.20
233.41 ' 218. 79
167. 14
262. 30
14.91
r 165. 78
265. 10
16.34
72. 94
13.93
225. 04
1.25
290.38 282. 86
2.07
8.28
14.47
265. 10
1.43
129. 56
35.20
18.65
15.90
1.57
470. 56
390. 23
Revised.
{Monthly revisions for 1964 appear on p. 43 of the June 1966 SURVEY produc Lion dati for
all periods shown here include Alaska and Hawaii.
8.15
7.07
11.77
185. 06
145. 40
r
8.38
7.00
11.31
1.84
10.12
1. 17
.10
3.59
15.44
165. 28
1.27 ~"l.~5f
9
6 59
8.90
29
10.74
3.28
10. 56
§D£ita arc i lot whol y compcirable on a year to year basis because of changes from one
classif ication t o anothei
91 icludes (lata not shown se parately
8.68
7.44
S-27
SURVEY OF CURRENT BUSINESS
November 1967
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1965
Annual
1967
1966
Sept.
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
Apr.
June
May
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
_ .
68.7
68. 4
.754
78.0
58,1
.699
80.9
39.0
.680
97.2
32,3
.674
112.3
35.1
.669
105.0
54.7
.672
111.8
76.2
.672
120.0
102.9
.672
129-1
151.2
.673
129.5
191.6
.672
104.9
86.2
l , 222. 4
1,863. 3
145.6
95.3
144. 0
91.6
139.4
85.8
155.3
98.6
152.3
101.1
143.7
95.4
160.7
106.7
170. 5
119.1
187.3
131.1
308.6
271.0
79.3
372.7
322.2
367.8
317.9
18.8
335.1
15.7
408.0
355.4
17.8
317.4
14.7
361.2
308. 6
13.2
387.4
325. 4
17.8
372.7
322.2
367.4
335. 5
15. 3
378.3
135.5
398.4
347.1
10 3
11.7
18.4
.450
.527
.562
. 554
.530
.530
.530
.520
.518
.518
.518
95.9
1,693.0
128.6
1, 696. 1
12.1
133. 4
12.3
123.6
11. 1
104.9
9.5
108.2
4.6
105. 2
2.9
103.6
4.0
119.8
6.6
146.5
5.9
134.8
11.6
192.9
6.0
245.1
7. 0
253. 4
7.2
230.8
11.6
192.9
14.3
150. 0
15.5
119.6
13.8
81.9
9.8
i 65.3
i 24.7
92.9
38.4
8.1
3.8
10.3
7.0
2.1
5.6
3.0
(2)
1.5
(2)
5.9
1.8
3.7
mil. Ib
1 324. 6 1 112 0
do
32.3
52.1
.672
$perlb._
.610
mil. Ib
_ do
Stocks, cold storage, end of period
do
American, whole milk
__ __ _
__do _
Imports
do
Price, wholesale, American, single daisies (Chicago)
$ per lb._
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 lb._
1,755.5
1,158.4
r
r
388.8
3.4
228.5 ' 233. 2
.672
.681
75.3
212. 4
.677
192.0
137.4
172.4
120. 6
159.4
108.6
140.8
90.8
442.7
388.9
457.1
r 450. 8
403.6
' 397. 1
424. 0
373. 1
12.0
7.2
439. 5
386.1
7.6
.522
.524
.518
. 518
.518
6.9
165.2
6.2
173.3
7.9
152.0
3.4
141.9
3.2
115.5
10.9
174.2
12.1
124.0
228.6
14.6
266. 8
13.6
281.8
10.4
292. 2
7.3
2.2
7.0
2.3
5.2
3.6
.1
3.2
(2)
1.4
(-)
2.3
6.09
6.73
7.07
7.06
7.07
7.06
7.05
7.05
7.05
7.05
7.05
7.05
7.05
7.05
7.06
124,173
60, 202
4.23
120, 230
56, 398
4.81
9,263
4,101
5.28
9,333
3,950
9,012
9,511
9,855
9,217
10, 732
5,558
5.28
5.06
4.77
6,134
4.74
6, 379
4.68
9,757
4,984
5.39
4, 760
5.15
10,311
5,599
5.39
5,185
4.95
11,508
11,146
4,596
10,510
88.6
1, 988. 5
1,595.1
94.4
6.8
88.5
6.3
94.0
5.6
94.3
5.6
125.1
6.7
135.2
6.7
129.6
8.0
145.7
8.8
173.0
10.2
195.1
5.0
58.2
6.9
118. 5
7.9
118.4
8.3
6.9
116.8
112.2
118. 5
118.7
120.0
438. 8
16.4
170.3
1.4
15.6
.9
9.8
.8
8.8
.8
4.1
1.2
9.4
14.4
.147
.182
.206
.200
.204
.201
.200
mil. bu._ U.,385.6
1, 590. 3
134.0
126. 8
125.5
101.3
90.5
3 392 3
300 8
184 5
116 3
i 65.9
3 389 6
292 3
177 2
115 1
63.6
1.33
1.27
1.35
1.33
198.4
.676
1
8.4
3,837
4,286
6.8
4.80
4.98
202.4
7.2
8.2
157.5
5.1
130.1
4.7
100.3
9.4
157.6
10.2
162.3
8.6
152.6
7.4
136.0
.9
9,209
9,173
4.173
'5.20
7.2
8.8
99.6
115.7
10.9
137.9
1.6
10.7
.8
7.2
16.2
32.1
.7
13.4
.8
7.4
.7
19.3
.199
.201
.199
.199
.199
.199
.198
.199
82.7
100.9
87.6
86.5
91.7
98.7
106.1
5. 31
121.8
7.0
111.7
1.6
1.2
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats rye, wheat)
Barley:
Production (crop estimate)
Stocks (domestic) end of period
On farms
Off farms
Exports, including malt§ ._ _ _
Prices, wholesale (Minneapolis):
No. 2, malting
No. 3, straight
_ _._
do
do
do
do
do
$ per bu
do
Corn:
Grindings, wet process
do
Stocks (domestic) end of period total mil bu
On farms
do
Off farms
do
Exports, including meal and
flour
do
Prices, wholesale:
No. 3, yellow (Chicago)
$ per bu
Weighted avg., 5 markets, all grades
do
Oats:
Production (crop estimate)
Stocks (domestic) end of period total
On farms
Off farms
*
3 4 084
204.9
Rice:
Production (crop estimate)
mil bics 9
California mills:
Receipts, domestic, rough
mil Ib
Shipments from mills, milled rice
do
Stocks, rough and cleaned (cleaned basis), end
of period
mil. Ib
Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers
mil. 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 ^ (N O )
$ Der Ib
5.2
7.9
2.3
1.37
1.36
1.36
1.34
1.35
1.34
1.32
1.31
1.33
1.32
1.32
1.31
1.35
1.33
1.33
1.31
1.32
1.29
1.31
1.30
1.26
1.26
16.9
15. 1
16.2
15.1
17.6
16.7
18.1
18.2
16.1
18.6
18.4
35.4
31.7
1,735
1,330
405
34.0
28.0
36.8
46.4
1.36
1.32
1.37
1.33
1.35
1.33
1.28
1.26
1.22
1.19
1.19
1.19
3 663
35.6
56.4
44.6
35.4
38.1
49.0
1.37
1.35
1.31
1.33
1.42
1.37
1.40
1.36
1.38
1.33
1.38
1.34
3 798
762
660
103
660
555
105
2*885
i 24.3
30.2
74
T
778
4.2
5817
.8
* 80G
1.7
2.8
1.4
.9
79
2.3
1.15
1.14
793
659
134
r571
.2
4 4, 696
19.2
5563
5254
*• 5 270
5198
441
354
88
660
555
105
.77
.77
.75
.74
.78
.74
.73
.74
179
197
147
119
163
122
138
134
180
206
104
58
144
122
202
153
165
145
.5
8
()
(')
78
.78
1,536
946
266
109
'321
110
33
54
154
58
317
168
304
262
317
260
248
239
202
120
135
113
118
70
405
399
341
403
294
414
232
441
150
385
104
385
26
276
405
206
1,133
289
1,527
358
1,758
1,611
2, 766
1,163
900
319
085
616
324
450
223
.085
912
194
.085
379
510
.085
1,571
461
085
24 3
1.23
1.21
1.22
5 18. 7
1.17
1. 23
1.17
32.9
1.18
489.4
85 1
1,758
2 978
083
1,640
366
5,880
3,962
404
664
416
1, 132
1,826
1,867
1,312
r
200
083
226
083
246
085
Rye:
3 27 9
3 33 2
Production (crop estimate)
mil bu
Stocks (domestic) end of period
do
37 8
28 3
28 8
1.21
Price, wholesale, No. 2 (Minneapolis).. $ per bu._
1.20
1.23
1.18
1.15
r
2
3
Revised.
1 See note "O" for p. S-21.
Less than 50,000 Ibs.
Crop estimate for
5
the year.
* November 1 estimate of 1967 crop.
Old crop only; new crop not reported
6
until beginning of new crop year (July for barley, oats, rye, and wheat; Oct. for corn).
Av-
2,034
671
75
3
76 3
3.2
'564.8
2 705
3 663
2 885
833
675
158
e 77
373. 4
149.5
3.1
18.3
3 927
1,641
i 3 411
083
4.9
17.1
1.44
1.40
5,711
3.0
1.41
1.39
1.34
1.31
"4,020
.8
1.39
1.35
4 103
556.0
3.1
203.6
3
377.9
228.4
r 5 120. 8
2.7
4.3
1.28
1.25
207
113.1
92.2
4.6
778
616.6
1,612
1,055
205.4
8.5
s 840
5 530
5
311
45.3
3
292 3
177.2
115 1
1.4
r 140 0
4 041
3 085
956
i 598. 9
mil bu
do
do
do
Exports, including oatmeal
do
Price, wholesale, No. 2, white (Chicago)
$ per bu
4
r 385 2
245 3
322
085
28 3
1.25
472
085
1.20
390
085
1.19
r
4 24. (
1. If
7
erage for 11 months.
Beginning June 1965, data include shipments to Gov't. agencies.
s Less than 50,000 bushels.
§ Excludes pearl barley.
9 Bags of 100 Ib.
November 1967
SUEVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
Annual
19 37
19 66
1966
Sept.
Oct.
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
May
July
June
Aug.
Sept.
Oct.
FO()D AND KI NDRI5D PIflODL FCTS: TOBAGO3— Ccmtimled
|
G R A I N AND GRAIN PRODUCTS Con.
Wheat:
Production (crop estimate), total
Spring wh°at
Winter wheat
Distribution
mil. b u _ .
do
do
do
i 1,316
i 299
1
1,017
1,430
i 1,311
'254
1
1,057
1, 559
3 1,554
-' 320
- 1,233
i
400
392
347
r
1.049
409
640
702
241
•101
•• 420
3 147
3 279
..'•
270
415
1,565
. . . _ . !'
009
950
Stocks (domestic), end of period, total
On farms
Off farms
do
do
do
1 , 3.'} 6
t05
93 1
1,049
409
640
1,441
544
Exports total, including flour
Wheat only.-- .
do
do
* 094. 2
* 646. 5
875.7
820. 8
70.2
71.6
81. S
75. 8
62.1
50. 1
55. 1
50. 5
51.8
48. 1
4(1. 7
38. 0
50. 8
40. 5
48.3
44. 0
48.0
44.2
50. 5
45. 9
59. 0
57.4
05.4 s
03. 1
1.83
1.58
1. 70
1.97
1.81
1.88
2. 09
1.93
2. 08
2. 02
L80
2.00
2. 00
1.S8
1 . 98
1.97
1.80
1. 95
1.92
1.79
1.91
1.91
1.73
1.87
1.97
1.84
1 . 93
1 . 90
1.78
1.91
1.99
1.77
1.94
1.94
1.66
1.80
1.93
1.01
1.75
1.80 ! 1.90
1.58
1.57
1.81
l.GO
253, 000
4, 619
567, 936
22, 720
416
50, 980
22, 553
412
50, 600
21, 134
485
47, 198
20, 463
373
45,716
4,180
23, 540
4, 197
1 , 962
2, 001
"2," 595"
4,180
1 , 956
1, 564
' ,-;i7y
i !s ]4
6. 365
5. 994
6.813
0. 433
0. 038
6. 167
0. 550
0. 100
6. 325
5. 883
6. 250
5. 700
( i . 17.)
5, D33
S3
390
2, 410
1.115
911
389
2. 335
1 , 355
1,424
384
2, 285
1,244
1,325
300
I! 042
705
372
2, 365
1, 142
514
313
2. 105
840
355
20. 07
25. 51
30. 00
25. 48
24. 79
31.50
24. 93
24. 18
32.50
24.49
24.28
32. 50
25.21
24. 32
33. 00
5,888
1,305
6, 047
1,439
0, 200
1,409
6,215
1,400
22. 57
Prices, wholesale:
Xo. 1, dark northern spring (Minneapolis)
$ per bu...
Xo. 2,hd. and dk. hd. winter (Kans, City). do
Weighted avg., f> markets, all grades. - . do
Wheat flour:
Production:
Flour
_
thous. sacks (100 Ib.) 250, 384
4. 645
OITaL
... .... _.
ihous. sh. tons..
Grindings of wheat
thous bu
564, 724
Stocks held by mills, end of period
4.314
thous. sacks (100 l h . ) . _
Exports
do
* 20,461
Prices, wholesale:
Spring, standard patent (Minneapolis)
$ per 100 I n .
r,. 784
W i n t e r , h a r d , 95% patent (Ivans. C i t y ) , do .....
5. 464
897
r
r
20, 332 •' 19, 071 r:.1 1 , 3 in r 19, 1 13 '19,951 r 20, 002
<• 372
' 346
45. 528 - 4 . .',002 ' 47. M2 '43. i,:{J ' 44, 463 ' 4 4 , 7 2 4
4,303
1,042
1.91
1.63
1.93
18,945 '21,994 :! 21,130
382
335 r 398
41,851 48, 842 ; 47,084
1,970
911
0. 213
5. 700
1,50()
71.0
08. 4
___'
1,001
4,089
1,118
5. xOO
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
4 43 •>
." 076
Cfilvos
thous a n i m a s
20,014
Cattle
do
27, 319
Receipts at 20 public markets
do. . .. 14, 257 s 13.133
Shipments, feeder, to 8 corn-belt States, _ _ do
8,056
7. 230
Prices, wholesale:
Beef steers (Chicago) .
$ per 100 Ib
26. 17
25. 81
Steers, stocker and feeder (Kansas City) _ . do
25.42
22. 50
Calves, vealers ( X a t l . Stockyards, I if.) _ . do_
32. 38
27.17
Ilogs:
Slaughter (federally inspected)., thous. animals..- 63, 708 5 63, 729
Receipts at 26 public markets..
do
1 5, 386
15, 175
Prices:
Wholesale, average, all grades (Chicago)
22. 88
$ per 100 Ib...
20. 78
943
459
316
2, 1 ^5
891
388
300
2, 425
1,013
400
2, 423
958
320
271
2. 238
955
397
332 ;
348
2,461 i 2,330
1,108 1,078
012
972
1,393
24.92
24. 04
35. 00
24. 05
24. 58
35. 00
24. 59
24. SI
31. 00
25. 37
25. 14
34. 50
'25.83
25. 49
32. 00
20. 37
25. 61
30.00
27.18
25.53 j
26. 95
24. 91
6, 280
1,497
5, 052
1 , 233
0, 725
1 , 442
5 870
1,372
5, 300
1,328
5, 178
1,249
4,743
1,118
5,808
0,114
1,257 | 1,280
1,545
19.94 ; 19.09
18. 00
400
2.338
27.59
24.79 j
21.34
19. 78
19.10
18.77
18.81
18. 05
17.23
21.31
21.05
21.12
16. 5
16.4
15.2
14.0
14.8
14.9
14.0
13.5
17.4
10.7
17.7
11,553
5
3, 901
1,988
1 , 007
427
325
1, 022
405
337
890
344
120
905
269
1,053
298
88
989
221
70
1,072
250
71
872
215
70
890
300
95
904
~90
902
277
70
25. 00
24. 00
23. 25
22. 25
22. 00
22.50
21.25
21.25
29.25
20. 75
24. 75
24.00
22.50
28, 336
-29,290
2, 593
2, 600
2,036
2, 647
2,732
2,419
2. 748
2, 513
2, 509
2, 552
2,327
2,024 :
2,599
484
* 535
1,012
621
480
1,318
451
43
131
5U9
59
128
505
52
104
621
36
106
608
30
115
097
42
99
727
41
725
43
91
004
39
112
001
no
783
39
90
16, 709
317
32
895
1,467
232
3
101
1 , 432
261
3
92
1,414
282
3
1,418
317
3
73
1 , 488
334
82
1,324
325
3
03
] . 406
313
3
07
1, 378
303
3
01
1.524
300
3
. 433
.441
. 44S
.433
. 427
.431
.437
. 434
.419
. 427
.442
576
12
581
17
52
21
51
20
45
18
46
17
55
15
52
15
50
15
44
10
43
17
43
15 !
1 1 . 766
12,000
1,074
1,177
1 , 1 83
1,189
1,042
;
1.220
1,090
1,002
•», 330
152
< 53
9, 670
234
55
298
S45
290 •
'}')0
331
*90
380
798
336
4
;
32
21
500 ;
. .'.I'.*
. 407
. 4 S3
•45s
to 100 Ib. live hog)
18.2
Sheep and lambs:
Slaughter (federally inspected)., thous. animals. . 1 1 , 7 1 0
Receipts at 20 public markets
do
3,450
Shipments, feeder, to 8 corn-belt States
do
|
2, 157
Price, wholesale, lambs, average (Chicago)
$ p e r l O Q l h _ _ ! 24. 29
18.6
r
18. 4 ;
17. 1 '
1,001
1,037
r
359 1
405
113 |
198
17. 2
451
MEATS AND LARD
Total meats:
Production (carcass weight, leaf lard in) , inspected
slaughter
mil. l h . _
Stocks (excluding lard), cold storage, end of
period
1
m i1 . 1 h
Exports (meat and meat preparations)
do
I m p o r t s (meat and moat preparations) ....do
Reef and veal'
Production, mspectc 1 - - l i u g h i t r
do
Stocks, cold ^tonge, end of period...
do
F\poit<...do
Import*
do
Price, wholesale, beef, fresh, steer carcasses, choice
(000- 700 Ibs ) ( \ e\v York)
.
$ per Ib . .
Limb and mutton
P r o d u c t i o n , inspectt 1 slaughter . . _ _ m i l . l b - _
stocks cold ^tor UP, end of period
__do
Pork
l u h i d i n g 1 t r d ) p r o l u c t i o n , inspected
si t u j n o r
_.
mil. I b . .
Pork <« M h i d i n g 1 mH
Pro iumon, i t H p u h 1 s! i t ' g h t i r
do
Mo k > , 10! 1 s t o r u < ( i i i of p t r i o l
do
L \ports
do
Impor'
..
do
P r u . \ hol« > i o
Hn
v )' < 1 « i p , \
. . . . . . . $ perlb...
I ' 1 M. ^ U l r l u n g \ t w Y o r k ) do
Lird
Pr l i i t t n v i i i M i u t i 1 ^ h i i - » t» r - . . . . . . m i l . Ib
M o i k - , !r in 1 oi i »OM , < n I of period. .do... .
' r
' Pt
(
f 1
V
r
iw(i)
i( i '
i
f i t ' i !
.,
_
$ per I b . .
Xuvember ! <-st
1 5, 995
' 269
< 46
718
r
, 5 $2
. 532
. 587
, 569
62
4 2,T
153
1 , 090
100
158
, 152
'
959
171
26
ioi
901
206
24
. 568
. 509
. 625
. 497
. 578
.512
5iO
. 550
1 03
1 65
100
14
. 133
167
143
',f()l
4
. 580
1 49
64 i
8
. 1 58
157
70
15
148 i
i ;•>
. 1 13
234
6
5
23
nr
1 25
14
18
.130
. 138
•' Ol 1 crop oi ly; nev,"
> n n t p " 'i' ' fi~ir n
50
. 556
r
130
1.514 i 1,381
288 1
270
3 1
3
77
97
528 ,
40
131
530
40
134
583
1,495 i 1,422
r
255 :
252
3 i
2
99
101
;
. 480 '
. 400
. 409
43
13
48
11
50
11
995 i
902
1.082
724
239
. 100
1, 128
799
293
3
32
.454
.' 554
20
. 523
. 594
r
S78 :
199
3
24 i
.553
918
203
4
21
12
244
.545
1 29 1
149 :
152
118
r>
106
106
;
20
14
9
16
13
. 124
. ll'J
i
. 133 !
gram nor 1report.e i u n t i l b. g i n n i n g of new ci op year (July for whs^.n.
;>-•>]
H p . r j n n \\v 1466 <\:\\'\ nr > for rppp its at 'N n n r k p f
!
160
145
142
19
.135
148
128
13
. 1 2'J
141
SURVEY OF CURRENT BUSINESS
November 1967
Unless otherwise stated, statistics through 1954
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
S-29
19G6
1966
Annual
Sept.
Oct.
1967
Dec.
Nov.
Jan.
Mar.
Feb.
Apr.
May
i
July | Aug.
Juno
Sept.
Oct.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
POULTRY AND EGGS
Poultry:
Slaughter (commercial production). .. mil. Ih
Stocks, cold storage (frozen), end of period, total
mil. lb..
Turkeys
do
Price, in Georgia producing area, live broilers
$ per lb-_
624
733
791
771
321
176
296
149
308
160
368
221
.130
.125
.120
.125
.140
15 0
17.0
16 7
17 0
16. 2
55
41
41
44
120
55
265
71
427
85
.311
.322
.265
.258
50.9
.305
39.8
.290
21.6
.274
10.8
.276
7 998
8, 786
931
958
888
815
200
430
207
409
284
539
395
468
312
436
267
437
409
254
351
207
.145
.145
.140
.120
.125
.110
.125
.140
182. 5
184.6
14.7
15.5
15 4
16 2
16 4
85
51
07
36
100
53
48
46
23
39
27
36
64
37
.328
.401
.477
.430
.456
.399
.343
Cocoa (cacao) beans:
Imports (incl. shells)
thous. Ig. tons..
Price, wholesale, Accra (New York)
$ per lb._
354. 4
.172
319. 3
.246
10.3
.241
13.4
.240
15.9
.233
26.8
.249
49.8
.266
Coffee (green):
Inventories (roasters', importers', dealers'), end
of period
thous bagscf
Roastings (green weight)
do
3,143
21,680
3,141
21,300
3, 343
5, 119
21,290
5, 742
22, 050
0, 720
2, 085
900
2, 168
947
1,573
455
1,664
471
1, 979
560
.451
1,428
.414
1, 539
. 410
182
. 403
171
. 403
169
. 398
138
.395
146
280
271
259
262
271
472
40
' 1,189
762
040
4, 152
5, 790
1 , 900
4, 045
0, 250
1,911
128
500
113
676
387
136
10,151
10,020
2,048
10,441
10,299
2, 598
1,073
1,058
1,007
i 2, 359
3, 006
4, 198
1,039
38
Eggs:
Production on farms
mil cases O
Stocks .cold storage, end of period:
Shell
thous. cases O
Frozen
mil lb
Price, wholesale, extras, large (delivered; Chicago)
$ per doz-.
790
682
551
622
992
942
M86
332
603
441
720
551
. 120
.120
110
16 4
16 1
15 6
16 2
391
93
'315
99
283
100
263
98
.251
.324
.288
,320
.283
18.9
.278
16.5
. 269
9.2
. 279
8.9
. 303
.294
T
MISCELLANEOUS FOOD PRODUCTS
Imports, total
_ .- _
do.,.
From Brazil
_ _.do
Price, wholesale, Santos, No. 4 (New York)
$per Ib ..
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 arid receipts:
Production
thous sh tons
Entries from off-shore, total 9
do
Hawaii and Puerto Pico
do
Deliveries, total 9
do
For domestic consumption
do
St ocks, raw and ref. , end of period - - . do
Exports raw and refined
Imports:
Raw suga r total 9
From the Philippines..
Refined sugar, total
sh tons
thous ^3> tons
.
._. do
do
Prices (New York) :
Raw , wholesale
_
$ per Ib . .
Refined:
Retail (incl. N,E. New Jersey) ..$ per 5 l b _ .
Wholesale (excl excise tax)
$ per Ib
Te& Import^
thous 11)
Baking or f r y i n g fats (incl shortening)
Production
mil Ib
Stock 1 (product rs1 find \\arehou^e) end ot period
mi! Ib
^ahvi or (ool-mg oil*
PiodtK f ion
.
do
Mod s (produce rs' and \\af houn > . i nd o f p( T iod
i ul Ib
MinTmn<
P'oduftion
do
• < t o i k ^ (pro luu I--.' in 3 \\ irphou-H 0 u i i f / f p ' n o d
i n! ]',
j r i c e , \\luilt Q 't 1 fmon 1 m t r *o \vliok i l t r o"
Luuv r i t i i u i c . li UK!)
$pirlt
3, 783 1
1 , 055 i
82
1
2, 457
5, 226
2 702
4,816
2, 092
412
1, 717
362
1,722
183
1,647
468
2,126
627
1,818
620
1,599
476
. 388
143
. 388
135
. 385
106
.388
115
. 395
111
. 388
r
86
. 380
128
. 380
.375
253
224
204
190
183
184
226
'240
247
238
40
685
1, 640
2, 890
3,390
3,190
2, 730
2,36«
2, 151
1, 666
1 073
357
82
899
250
561
2, 074
170
216
246
143
110
233
184
10
158
156
144
214
198
123
481
148
48
479
] 02
60
760
°86
538
205
776
763
1,460
776
759
2, 142
889
873
2, 598
674
65S
2 r 832
683
673
2, 734
873
859
2, 614
824
788
2, 501
880
842
2,379
1,053
1,022
2, 130
891
875
1,869
1,048
1 017
I , 428
p 1,126
177
84
184
88
40
89
91
IV7
68
197
58
117
587
012
154
3
390
33
5
338
56
9
289
16
5
225
64
5
295
45
10
406
100
421
154
3
281
54
4
466
132
5
500
143
3
449
70
i
444
103
3
1,618
359
4.
T
.071
.072
.071
.071
.071
, 072
. 072
. 072
. 073
.074
. 073
. 073
.073
'. 095
. 020
. 096
. 618
.097
. 630
. 097
632
.097
.636
. 099
633
,099
.630
.099
, 629 I:
. 099
,629
. 099
.627
. 099
.631
. 099
.631
.099
. 620
. 620
130,358
132.9%
13,174
11,018
9, 281
10,545
12,461
11,633
14,518
12 663
12,378
10 476
11,907
9,931
r
-*] 3
275 9
. 008
i lx< 2
nr <
11
»
1 '»iU I
2(>0 ")
2-vl 9
">* i i
J5 ) 5
JtO 1
219 9
283 6
27 i *
Us
109 7
i 'S b
119
o
11- 8
119 2
12; 9
12" 6
1W 0
13") S
23} 6
2" ( ) s
23s o
210 •»
251 1
214 5
251 0
_" i
MM
x2 2
M i
i
'93 0
13; 4
176 S
Ifa 2
M 4
uO h
i - •! i
U '
l(l 0 !
( 7 '
14 )
(
1 *3 \
,
!
-73
(
7f
)2
r
i s
273
*
J< i
Anirna! and fish fats: A
Tallow, edible:
530. 1
Production ( q u a n t i t i e s rendered)
.mil, Ib...
410.8
C o n s u m p t i o n in end product?
do
Stocks (factorv and warehouse), end of period
31. I
mil.lb...
Tallow and grease (except wool), inedible:
4. 302. 5
Production (quantities rendered^-. ..
do
2,210.5
Consumption in end products
do
Stocks (factorv and warehouse), end of period
413. 8
mil. Ib..
Fish and marine mammal oils:
190.2
Production
do
79. 3
Consumption in end nroduct^
do
Stocks (factory and warehouse), end of period
185. 3
mil Ih
r
Revised. *> Preliminary. l See note "Q" for p. i
GCases of 30 dozen. tf'Bags of 132.276 Ib.
>} '
,*3
-, i
1!
>
4<j
273
1
71 7
._ j
1
*1 M
I'M y
i
_50
*r t
Xj 8
1 ! U ">
171.0
M
( i
f H
^;U
45. f
47.5
47,9
42. 7
!
43.3 I
55. 0 !
47.7
r
123 b
127 6
2,5 S
2">I 8
0
' 14
250
!
i
i
560. 7
510. 8
. 074
M :
r-j t
-1 ) 1
1 * 7
(
Ih S
_ " H -»
X i ')
14,419
-70 s
F U S , OILS, \ M » U E L V T E D PRODI C fS
T
2,874
5, 657
3 141
5, 425
51.0
40. 0
51.0 !
35. 3 !
53. 4
44.4
51.3
43. 9
50. 3
7K 4
44, 9
57.2
46.3
49. 8
45.0
41.5
40. 4
83. 5
80. 5
50. 9
40.3
43. 0
50. 9
63. 0
75, 1
83.6
80.8
4. 466. 9
2. 439, 6
389. 8
215. 3
380. C
210, 8
398-8
203.3
410. 7
207.9
40S. 5 !
210. 5
387. 9
191.3
419.8
393. 7
205. 6 ! 202. 1
403,8
211.1
419 I
220. 4
447.4
417. 1
422. 8
430. 9
447. 4
507. 7
471.9
501.2 !
497. 2
481.8
164.1
76.8
20. 4
6.7
8. 7
16. 5
6.5
7.1
5.8
1.9
0.1
.5
5 6
.8 i
5, 7
3.2
6.9
9.1
6 2
158.5
180.4
172. 1
183.9
' 44. 9
55. 4
43, 2
44. 9
-72.8
70. 3
364. 1
173.6
405. 8
•' 210. 8
381 . 5
203. 0
432. 4
397. 4
r
410. 9
20. 1
6 6
21 4
6 0
r
394. 2
r
21. 9
T
6 6
10.9
5.7
153. 0
154. 4
135. 5 i 145.5
165.9
1 65. 6
167 7 '• 1 65 0
160.3
9 Includes data not
§.Monthly data reflect cumulative revisions for prior periods,
shown separately; see also note "§".
AFor data on lard, see p.- S-28.
158. 5
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
1966
Annual
November 1967
Sept.
Oct.
1967
Nov.
Feb.
Jan.
Dec.
Mar.
Apr.
May
June
Aug.
July
Sept.
Oct.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATED
PRODUCTS- Continued
Vegetable oils and related products:
Coconut oil:
Production:
569.6
784.0
33 2
51.9
70.5
(d)
50.2
67.4
43.3
60.2
41.9
60.0
52.4
65.9
44.9
56.4
41.3
62.7
45.0
65.0
52.4
68.3
49.0
52.0
53.4
63.5
154.4
383.6
223.9
498.2
189.0
39.3
191.9
24.2
188.3
31.3
223.9
9.3
194.5
196.8
206.8
79.6
187.7
18.4
191.6
20.2
184.3
24.3
145.9
25.8
114.0
24.1
445.9
412.8
422.9
446.6
397.6
388.0
35.9
38.2
38.7
39.5
34.9
35.8
36.1
36.0
33.4
34.1
33.6
34.0
34.3
34.0
34.2
33.7
30.3
32.5
40.4
38.8
38.2
37.7
33.7
31.0
38.5
34.8
35.1
40.2
36.8
40.0
26.1
53.5
55.4
54.6
55. 2
53.5
47.0
45.8
44.9
49.5
50.0
2, 382. 4
94.2
101.2
64.1
237.7
89.6
259.9
91.7
249.2
94.2
237.6
111.6
179.1
126.1
184.0
148.1
106.8
166.9
1, 674. 6
1,511.1
1, 263. 1
67.7
57.0
85.4
165.6
101.0
86.6
183.1
137.6
92.7
175.1
162.4
95.1
168.0
128.7
82.5
126.6
117.1
86.3
128.7
122.8
86.9
381.8
184.0
.178
201.8
2.8
.181
246.2
6.4
.165
309.4
5.7
.169
381.8
5.2
.165
434.9
3.7
.151
476.9
4.6
.158
410.1
227.2
454.2
226.9
44.1
19.1
45.4
16.0
39.0
15.0
30.1
14.7
33.3
19.1
213.5
.134
208.4
.128
188.6
.126
207.8
.126
218. 0
.128
208.4
.128
824.1 1, 039. 6
111.4
130.0
1,147.1
129.0
Cottonseed cake and meal:
2,756. 3
Production
thous sh. tons
80.9
Stocks (at oil mills) , end of period
.do .
Cottonseed oil:
Production:
Crude
mil. Ib _ 1,974.2
1, 668. 8
Refined
do
1, 471. 7
Consumption in end products
do
Stocks, crude and refined (factory and ware300.1
house) end of period
mil Ib
501.3
Exports (crude and refined)
do
i .149
Price, wholesale (drums; N.Y.)._ _ _$ per Ib
Linseed oil:
Production, crude (raw)
mil Ib
Consumption in end products
do _
Stocks, crude and refined (factory and warehouse) , end of period
mil. 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. lb-_
Exports (crude and refined)
do
Price, wholesale (refined; N.Y.)
$ per lb_.
(d\
488.1
723. 5
365 4
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
11,179.1 12, 614. 4
75.4
120.0
49.6
69. 5
44 5
63.8
107 8
18.5
108 1
34 2
33.9
33.2
30.0
'38 2
33 2
35.7
39.1
35 8
34.9
49.2
48.7
r
45 6
46.9
63.3
160.9
67.5
157.8
44.2
148.4
65 9
133 2
49.8
104.2
73.9
108.5
90.5
43.5
87.5
91.9
49.6
72.6
78.3
30.2
42.6
73.4
514.0
8.7
.158
476.9
25.4
.158
416.7
11.6
.158
364.7
2.0
.160
29.7
19.3
31.3
19.1
30 2
20.2
32.5
22.5
35.4
19-6
205.9
.128
204.9
.128
206.5
.128
204.7
.128
211.8
.128
199.2
.128
1,133.1
120.0
1,157.6
134.1
1,022.3
111.0
1,083.7 1, 080. 9
86.3
146.1
1,107.6 1, 103. 6
122.1
111.7
r
T
r
r
r
45 4
47 7
80 6
34.3
32 9
74.7
298.3
6.2
.150
r 246 0
2 6
207.5
3.0
7.2
16.9
32 9
37.8
16.9
184.1 T 185 4
.128
187.4
r
972.3
110.0
1,061.7
141.3
r
l 029 4
T 102 3
5, 235. 5 5, 820. 2
4. 547. 3 5, 152. 0
4,437.6 5, 200. 5
382.1
402.1
410.4
482.1
411 5
419 0
521.9
427 0
431. 8
512.3
465.3
465.7
529.0
460.4
452. 2
468.8
410.4
418.7
496.8
446.0
455.6
502. 8
387 4
404.4
514.7
424 8
436 8
513.5
450 3
450.6
494.1 T 480 1
377 0
432 7
373.2 r 443 7
456.1
398 2
450. 1
374. 8
1 , 026. 7
.134
462.0
78.5
.142
457.7
30.4
.132
4SS. 0
48.6
.133
510. 9
97.8
.131
566. 1
24.3
.127
581.6
45.7
.127
535.8
120.2
.128
000.4
41 0
.127
633.7
66. 5
.127
591.0
131 0
.122
632.2
86 2
.114
r 687 5
43 1
594.7
118 0
510.9
684.8
.140
TOBACCO
Leaf:
2 1, 855
Production (crop estimate)
mil Ib
Stocks, dealers' and manufacturers' end of period J
5, 582
mil Ib
468, 075
Exports, incl scrap and stems
thous. Ib
Imports, incl. scrap and stems
._ do _ 182, 558
5,353
551, 162
179, 336
5,142
64, 487
16, 043
67, 577
16, 427
Manufactured:
Consumption (withdrawals) :
Cigarettes (small):
Tax-exempt
Taxable.
.
...
Cigars (large), taxable
Exports, cigarettes
46, 112
522, 532
7,076
23, 453
3,475
46,371
626
1,938
3,827
43, 484
645
2,021
44, 236
millions
do_. _ 511,463
7,578
do
. ^millions . 23, 052
3
21,890
70,182
14,812
5,353
72, 308
13,129
36, 930
14,907
34, 791
16, 680
3,819
43, 225
064
1,941
3, 549
38, 079
424
J , 573
3, 406
41,319
537
1,769
3, 967
39, 936
477
1,731
5,339
39,111
13, 488
4,593
43, 591
592
2, 202
53, 273
15, 305
48,091
14,828
3,972
44, 084
572
•-', 059
4, 321
48,101
639
1,943
4 879
39 444
19, 089
2 019
31 425
14, 899
43 458
19, 985
59 439
16, 876
4 141
41, 376
485
2,270
3 495
51,658
645
1,917
1,811
8, 801
351
'757
8,593
174
735
8,640
138
842
160
912
4,100
2,503
558
2,833
510
5, 262
48, 123
2,396
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value, total 9
thous. $_ 106, 253
Calf and kip skins.
_
.
thous. skins
2,458
Cattle hides
thous. hides._ 13,311
Imports:
Value, total 9
thous $
80, 263
Sheep and lamb skins
thous. pieces.. 31,850
14,411
Goat and kid skins. . ._
_
_ do
Prices, wholesale, f.o.b. shipping point:
.541
Calfskins, packer, heavy, 9^/15 Ib
$ per Ib
.143
Hides, steer, heavy, native, over 53 Ib _ do
LEATHER
Production:^
6,263
Calf and whole kip
thous skins
23, 436
Cattle.hide and side kip
thous. hides and kips
14, 557
Goat and kid.
__
thous. skins
30, 316
Sheep and lamb
do
Exports:
Glove and garment leather
thous sq ft 1*69,953
Upper and lining leather- _
...
do
Prices, wholesale, f.o.b. tannery:
Sole, bends, light
index, 1957-59 — 100
101 9
Upper, chrome calf, B and C grades
index. 1957-59 = 100. _
99.5
r
15, 404 r 13, 169 * 11, 300 * 12, 546
230
265
198
264
r 1, 324 ' 1, 103 ' 1, 154 ' 1, 090
r
12, 662
259
1,176
10,412
145
1,108
15,636
174
1,698
10,787
180
1,210
88, 995
36, 998
10, 331
8,456
3,810
681
5,028
1,840
767
4 794
1,703
604
4 647
1,656
364
5 500
1,859
865
5 600
2,510
793
6 ^00
3,857
576
6 300
4, 079
457
5 ''00
3, 846
721
5 400
3, 194
531
5 300
2,925
740
.601
.177
.525
.169
.475
.144
.475
.149
550
.129
500
.134
575
129
500
129
450
125
450
119
450
130
400
.125
4,720
23, 830
13, 372
29, 302
327
1,972
933
2 217
350
2 039
905
2 089
397
2 016
948
2 350
341
1,921
909
1 960
299
1,912
907
2 012
332
1 924
742
2 153
349
2 085
841
9 251
320
1 895
752
2 201
379
2 050
2 459
340
1 983
769
2 402
226
1 461
M85
1 808
370
2,058
619
2,778
65, 704
4,652
4,527
4,461
4,796
5,511
4,869
6,192
3,691
5,565
8,933
4,415
5,631
1
114 5
106 7
105 3
103 2
103 2
106 0
104 6
101 1
98 2
95 4
114 5
105. 5
107.2
108.0
96.3
r
Revised.
<* Data withheld to avoid disclosure of operations of individual firms.
1
3
Average for 11 months.
2 Crop estimate for the year.
November 1 estimate of
1967 crop.
4
Effective Jan. 1965, data are for all leather, except sole and rough; see note "O" for p. S-21.
r
155, 623
2,582
14, 307
12, 608
175
1, 171
r
107 4
7,260
103.2
103.2
101.6
99.2
98.3
98.3
95.3
88.1
J Re visions for 2d qtr. 1963-4th qtr. 1964 (mil. Ib.): 4,695;4,793; 5,288; 5,355; 4,964; 5,071; 5,666.
9 Includes data for items not shown separately.
(^Revisions for Jan.-Mar. 1966 will be shown later.
SURVEY OF CURRENT BUSINESS
November 1067
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1967
1966
1966
Sept.
Annual
S-31
Oct.
Nov.
Dec.
Feb.
Jan.
Mar.
Apr.
May
June
July
Sept.
Aug.
Oct.
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers:!
629, 095
Production total
_thous. pairs
Shoes, sandals, and play shoes, except athletic
thous. pairs
531, 914
87, 359
Slippers
do
6,828
Athletic
--- -- do _ _ .
2,994
Other footwear
-~ do
Exports
-_-do
Prices, wholesale, f.o.b. factory:
Men's and boys' oxfords, dress, elk or side
upper Goodyear welt
index 1957-59 — 100
Women's oxfords, elk side upper, Goodyear
welt
index, 1957-59=100
W omen's pumps low-medium Quality do
646, 897
55, 201
54,898
50, 802
49, 034
52, 534
49, 890
53, 812
46, 302
48, 744
49, 024
r
40, 932
58, 060
536, 583
100, 633
6,576
2,838
44, 367
10, 074
43, 251
10,786
40, 220
9,494
41, 930
6, 311
45, 571
6,158
42, 463
6,723
44, 665
8,351
38, 466
7,088
39, 552
8,364
39, 777
8,504
r
34, 027
r
6, 444
'342
47, 098
10, 148
i 2, 533
2,737
111 0
107.3
113 0
530
331
548
273
227
246
230
182
157
174
120.9
122 3
123.5
123.5
123.5
123.5
123.5
111.0
121.2
111.4
122.5
111.4
122.3
111.4
122.7
111.4
122.4
111.4
122.9
111.4
124.5
528
232
543
250
577
228
532
172
634
162
585
163
237
164
162
123.5
121.5
111.4
124.7
113.7
124.7
613
215
583
160
118
603
210
191
162
207
212
121.5
121.5
121.5
113.7
124.4
113.7
125.2
113.7
124.9
2,900
648
2,252
3,039
628
2,411
2,976
621
2,355
2,654
578
2,076
3,124
2,970
605
2,365
LUMBER AND PRODUCTS
LUMBER— ALL TYPES
National Forest Products Association:^
Production total
mil bd ft
Hardwoods
do
Softwoods
- do
36, 626
7,467
29, 159
36, 433
7,563
28, 870
3,157
672
2,487
2,966
648
2,318
2,699
617
2,084
2,526
529
1,998
2 356
2,671
3,161
1,982
2,111
2,551
37, 663
8,232
29, 431
36, 662
8,075
28, 587
2,894
673
2,222
2,806
659
2,147
2,651
654
1,998
2,591
2,577
650
1,927
2,736
615
2,121
3,112
2,987
571
2,416
563
2,398
2,773
529
2,244
3,137
678
2,434
2,954
623
2,331
2,961
1,993
581
2,556
3,043
613
2,430
5,704
1,156
4,548
5, 775
1,127
4,648
5,492
1,102
4,390
5,720
1,118
4,602
5,787
1,132
4,655
5,775
1,127
4,648
5,810
1,106
4,704
5,880
1,125
4,755
5,931
1,127
4,804
5,935
1,186
4,749
5,968
1,215
4,753
6,013
1,300
4,713
5,909
1,374
4,535
5,902
1,399
4,503
5,857
1,414
4,443
do _
_. do
1
962
5,163
1,009
5,120
86
378
93
339
75
318
70
307
76
300
67
339
87
502
95
419
98
432
131
496
89
418
100
598
90
431
mil. bd. ft
- _dO-_.
8,950
621
8,480
486
643
424
597
394
638
422
700
486
678
568
603
602
668
600
657
589
677
562
704
567
644
606
708
597
595
528
Production
_ _ . _ do _
Shipments
_ __
_ _ _ _ _ -do__ _
Stocks (groSvS), mill, end of period
._ do _
8,913
8,936
1,054
8,601
8,615
1,026
694
620
1,032
640
611
1,117
592
593
1,103
551
617
613
596
729
704
1,101
1,185
656
699
1,210
1,167
539
605
716
716
1,057
1,170
670
668
1,026
1,084
1,084
1,053
Exports, total sawmill products _ _ _ .
do
Sawed timber
_ do
Boards, planks, scantlings, etc .- - - do
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
$per M bd. ft-_
Flooring, C and better, F. G., 1" x 4", R. L.
$ p e r M bd. ft..
1
445
1
401
110
290
30
8
22
36
10
26
26
10
16
22
4
17
34
10
24
27
8
19
31
9
22
35
10
25
37
9
28
48
18
30
27
7
21
30
4
26
32
10
21
Shipments total
Hardwoods
Softwoods
_
-
do
- - do__ _
do
Stocks (gross), mill, end of period, total
do
Hardwoods
do
Softwoods
.- --do .Exports total sawmill products
Imports, total sawmill products .
SOFTWOODS
Douglas fir:
Orders, new
Orders, unfilled, end of period
_
-.
111
*334
598
554
560
612
568
610
739
670
82.16
85.62
84.60
82.56
79.69
79.96
83.94
80.91
84.06
82.96
82.40
83.24
165.87
168.04
169. 20
169. 69
169. 69
169. 11
170. 31
171.47
171.47
172. 63
172.05
170. 86
6,988
366
6,419
274
490
313
469
294
468
433
524
582
274
487
277
288
310
294
291
Production _ _._ _ . _
._
do
6,628
Shipments
do
6,903
Stocks (gross) , mill and concentration yards, end
of period
mil. bd. ft 1 1 087
Exports, total sawmill products
M bd. f t - _ 100, 581
Prices, wholesale, (indexes):
Boards, No. 2 and better, I" x 6", R. L.
1957-59 = 100-.
94.3
Flooring, B and better, F. G., 1" x 4", S. L.
1957-59 = 100
97 1
6,654
6,511
566
527
544
488
502
598
526
436
473
510
605
485
1,230
99, 202
1,061
7,364
1,117
7,264
1,159
5,688
1,230
7,855
1,271
6,566
1,279
7,042
105.1
107.8
107.6
104.2
102.4
101.0
106.2
108.6
107.9
107.7
107.2
106.2
773
427
732
476
634
665
82.82
156. 85
594
2,530
Southern pine:
Orders, new
Orders, unfilled, end of period
Western pine:
Orders, new
Orders, unfilled, end of period.
mil. bd. ft _
do
527
507
514
540
588
583
637
519
589
283
316
315
565
573
517
586
530
604
584
1,286
8,329
1,269
6,425
1,292
8,502
1,302
7,026
1,289
5,989
1,271
6,496
1 265
6,220
101.0
101.6
101.4
102.2
103.1
103.6
105.8
105.8
105.8
105.1
105.1
105 2
865
501
904
503
871
511
884
507
845
495
920
525
955
510
898
479
820
863
847
888
10, 445
535
10, 295
427
799
415
792
384
743
402
Production.
_. .._ _
do ...
Shipments
do
Stocks (gross), mill, end of period
do_- _
Price, wholesale, Ponderosa, boards, No. 3, I" x
12" R L (6' and over)
$ per M bd. ft
10, 296
10, 373
1,732
10,337
10, 403
1,666
959
845
1,600
875
823
1,653
652
683
770
841
1,667
1,666
1,635
1,564
1,609
1,566
67 42
69.39
67.69
66.28
64.87
64.01
65.88
66.40
69.55
73.32
31.2
11.1
29 0
30.2
3.1
31.2
16.3
25.1
26.7
1.8
2.1
17.3
2.0
1.9
2.0
1.3
16.2
2 2
2.5
1.7
818.4
64.3
778. 7
783.3
35.4
618.1
26.0
685.6
654.4
58.3
40.6
31.4
56.1
51.6
44.4
35.9
26.4
50.6
40.9
52.6
746
747
575
294
543
mil. bd. ft
do. _
739
726
566
292
947
902
862
857
824
890
1,526
1,531
1,465
74.16
73.87
973
970
590
911
929
73 83
1,468
1,450
HARDWOOD FLOORING
Maple, beech, and birch:
Orders, new _ __mil. bd. ftOrders, unfilled, end of period
do. __
Production
do..
Shipments
do _
Stocks (gross), mill, end of period
do _
Oak:
Orders, new
_
do _
Orders, unfilled, end of period
_ - _ _ . _ do _
Production
do
Shipments
do
Stocks (gross), mill, end of period
. do _
2.6
16.7
2.2
2.0
1.7
38.5
25.4
44.3
40.3
55.6
T
Revised.
» Preliminary.
i See note "O" for p. 8-21.
£Revisions for 1964-65 are shown in Bu. of the Census report M31A(65)-13; those for Jan.June 1966 will be shown later.
cf Formerly National Lumber Manufacturers Association.
1.8
1.7
16.3
2 1
16.2
2.0
1.8
1.9
1.9
1.9
40.2
26.0
41 6
38.4
58.3
45.9
26.7
44.0
45.2
57.1
2.2
3.0
3.1
16.7
17.5
18.0
1.8
1.8
2.0
2.2
2.1
2.2
48.3
31.7
42.4
43.0
56.4
61.1
39.4
51. 6
53.4
53.9
2.1
2.2
2.2
39.4
34.8
46.4
44.0
55.9
2.3
2.6
2.2
2.3
2.4
2.4
2.3
2
17
2
2
2
2
4
4
0
5
17.0
2 9
2 9
2 9
1
16
2
2
3
2
4
5
1
3
43 1
31.8
49 9
46 5
60 3
45.3
28.4
47 2
47.9
61.4
42
28
38
41
58
2
7
6
9
0
61
33
52
56
54
43
28
47
49
52
2
0
4
0
3
17.2
2 5
2 4
17.4
1
8
0
1
0
FOOTNOTE FOR RAW STEEL, P. S-32.
AEffective Jan. 1967, the term raw steel has been substituted for ingots and steel for castings;
raw steel is denned as steel in the first solid state after melting, suitable for further processing
or sale, including ingots, steel castings, and continuous- or pressure-cast blooms, billets,
slabs, or other product forms. Current data for raw steel are comparable with the ingots
series.
SUEVEY OF CURRENT BUSINESS
1966
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
Annual
Sept. _
1966
i
1
Oct. j Nov.
Dec
November 1967
19 67
Jan.
Feb.
Apr.
Mar.
May
July
June
Aug.
Sept.
Oct.
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
Scrap--Pig iron
162
776
(2)
160
641
j
137
805
1
122
811
(2)
103
716
(2)
118
657
744
12
46
882
24
37
828
16
41
1,030
26
63
963
27
41
965
22
49
985
29
62
7,168
4, 466
2, 702
7, 254
8, 102
6, 604
4, 142
2, 462
6, 904
7,798
7,519
4, 610
2,909
7, 492
7, 826
7,473
4, 323
3 150
7, 062
7, 835
7,710
4,451
3 9r>9
7, 290
7,770
27.
\m
27, 50
27. 38
27. 00
28. 53
27. 00
26. 98
26. 50
26. 79
26.00
27. 23
26. 00
27.18
26. 00
085
845
Kll
4, 773
1,869
2, 864
4, 576
1,772
2, 049
5, 049
1,778
1, 712
6, 277
5, 494
2,629
9, 039
11,119
4,582
9,419
10, 998
5, 273
9, 526
11,373
4,204
9, 697
!
10,631 _
. i.. .
5,377
3,500
15,424 I 14,613 | 11,490
10,941 ! 11,184 10,257
501
922
848
6,691
691
275
10,275
307
3, 400
10, 203
252
3, 391
9. 370
"366
3, 753
10, 479
346
6, 988
9, 816
736
14, 349
10, 015
626
15,240
S, 853
585
15,037
9 222
'739
14,373
9,456
337
71, 494
10, 434
58,242
2.818
038
673
65S
707
66. 28() 03. 055
15,793 is, r,S7
47, 843 41,804
2, 644
2, 554
59, 349
21, 908
35. 138
2, 303
57, J 4!
22,515
32,311
2,315
59, 242
20, 435
36, 645
2, 162
64, 069
18,856
43, 032
2, 181
68, 203
17,042 16"! 103 '."'.'.'.'.'. ".".".".'.
48, 847 53. 764 56 829
2, 508
2 736 2,314
82
97
124
134
112
60
61
85
350
293
7,374
7, 355
6,804
6, 853
7, 587
7, 555
7, 215
7. 117
'
3 161
7, 321
7, 288
6, 639
3 224
184
472
3
106
667
do
do
do .. -
10,383
235
916
10, 753
464
1,252
1,089
23
208
940
36
104
thous. sh. tons_.
do
. _ _do
do
do
90, 534
55, 213
35, 320
90, 359
7,638
92, 070
55, 463
36, 606
91,584
8,193
7, 695
4,787
2, 908
7,677
8,005
7.838
4, 752
3, 086
7,810
8,035
33.36
29,95
31. 00
28.84
28.00
27. 00 I 27. 00 1
90, 704
90, 583
46, 259
9,826 i
11,144
5,383 i
Imports:
Steel mill products
Scrap
Pig iron
1,151
28
166
782
31
44
272
480
792
112
193
1,724
5, 857
12
205
491
(2)
770
21
43
i1 2, 496
6,1VO
128
190
544
()
2
106
779
5
(2)
956
29
or)
Iron and Steel Scrap
Scrap for consumption, total
Home scrap produced
Purchased scrap received (net)
Consumption, total
Stocks, consumers', end of period
j
Prices, steel scrap, No. 1 heavy melting:
Composite (5 markets)
$ per Ig. ton
Pittsburgh district
... _
do
35. 00
7
.88
!
Ore
Iron ore (operations in all U.S. districts):
Mine production
thous. Ig. tons
Shipments from mines
do
Imports-.
do
3
5,176
6, 769
5,158
I
U.S. £ind foreign ores and ore agglomerates:
Receipts at iron and steel plants
Consumption at iron and steel plants- Exports
Stocks, total, end of period. . . . . . .
At mines
.. . . .
At furnace yards
.. .
At U.S. docks
....
87,420
85,331
45,105
121,964
125,143
i 7,085
- do
_....do
I
_ . do . i
...do.. I
Manganese (mn. content), general imports.-, do
69.494
13,431
53.581
2,482
138
j
Pig Iron and Iron Products
Pig iron:
Production (excluding production of ferroalloys) j
thous. sh. tons. . I 88,173
Consumption
do .... j 88,945
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
882
thous. sh. tons _
15,713
Shipments, total
do
9,171
For sale
.
do
Castings, malleable iron:
Orders, unfilled, for sale, end of period
174
thous, sh. tons._
1,136
S! \ i prnents, total
-_
_
do. .....
648
For sale--_._
__
_
do
91, 509
91, 770
60
69
121
6,696
6, 951
7 055
62.70
|
962
3, 036
0
02. 70
63. 00
63.50
I. 70
3. 00
i 50
62. 70
63, 00
63. 50
62,70
63. 00
63. 50
62. 70
63. 00
03. 50
62. 70
63. 00
63.50
62. 70
63, 00
63. 50
62. 70
63, 00
63. 50
62. 70
63. 00
63 50
62.70
964
1,268
711
962
214
66'J
94!)
1 , 2 JO
h"0
i.m
> i »r,
\i\",
9 >7
I, i'40
t.75
89'»
1, ISO
853
919
1, 262
698
896
1,256
709
882
934
581
895
1,245
750
K2
S9
56
it i
1 i"
4
I'O
(
)"i
5}
131
hi
43
133
93
55
131
88
53
132
64
41
137
85
51
i }' O U>
10 577
12^ '
1 » i.
9, o20
116.6
10 3UO
124 S
317
137
ill
2,652
62.75 i
63, 00 |
63. 50 !
962
15, 716
8,927
1,034
1,344
' 768
1,012
1,340
182
1.133
688
209
95
60
12,627
9,562
524
210
96
58
995
n»
62.70
i
.
_..
j
Steel, Raw, Semifinished, and Finished
°tei 1 r i \ \ ) A
Pro , i i ( t i ( n
P,d( v
101
thou
! i
t «.
1 ' b
Ord« r-, in tilled for ^
-
<* I
H
* I"
144
^ T^ if d tool -Ucl tot u
B ?- Hot r 'led an. ! hdit -hipe^
Runf >rnm
( old fmi her!
Pip' md tubine
^\ m md v\m prodiK fs
Fin u ill products
-hut 1 - n 1 ship {md c l c t t r u il), tot il
^ n n t s Hot roll'ti
f old rolled
t
id
i<r
it
i
>3
3'
, j
1 4 •*
J
.42
u>
"42
7 247
316
C
3o
oi7
147
7 OJ9
291
M
%0
I2o
6, 2°1
2b4
44^
574
95
~ l» r »
i27
492
6 "i J
>m
4U
t!5
V)7
1 106
W2
279
156
»97
275
564
2,737
796
1,238
1.093
637
297
149
908
280
601
2,590
773
1,111
958
560
278
113
736
229
541
2, 377
695
1, 067
1.124
663
312
142
820
276
596
2,790
793
1,267
Jf>-s
J41
1-7
7*4
M
240
2,827
799
1, 299
_, i/o
710
1.0S9
~ ;794
1, OS
10 1
j0
5.3
5.4
10.1
5.3
5.3
55
10.0
48
4.9
5.3
9.9
5.4
5.5
5.*
9.4
4.9
5.4
5,7
9.0
5.3
5.7
5.6
8.7
5.1
5.4
5.3
9.1
4K
4.1
5.2
98
9.2
9.9
91
10.1
9,3
10 0
9.3
10. 5
91
10.7
9.0
10.4
8.7
10.8
8.7
<il
Jir«
0~3
21')
lf.0
dc
do
do
do
2i7
"0
)
17,
.19
Wi
1,0
*>Ui
JnS
o-N
!
<L>
124
} )r>
U)
^
1 Ot>9
twO
Jh7
143
72>
2-0
5S9
2 432
6»C
1, 0^5
7tG
.0848
0842
on), finished, compete priced ^ pei Ib I
r
J
i L }
Prehm'ii in
Sec m t o "O' for p ;>-21
i h «n ^00 tons
IU \ ise 1 tot il monthly re\ is.on^ are not a\ ill tbFin ilir note it 1 ottom of p S 31
if ing Jan 1964, the composite reflc^tb sutbtan f ial changes in products m
L
T-i
o4
-.1
!
Stee! mill nproduct", i p x c n t o r n s ?nd of period
r on°m ( r s' (in nmf uti'rers o n l \ ) nal sn tons
Kerupts dunnff pr nod
do
Coi < imption during period
do
ServKt centers (\\archou e-s)
do
Producing mill9
In ] roces-s (ingots sum finish d, etc ) _ _ . do
Implied (sheets plites bir^ pipe, etc ) do
stid (
4 *i
if ^
lit
i
-1 ,| M i n n
10 43V * 11, lob
131 " >135 >
CN
~s
:
i
|
j
j-
91
5.3
^5.3
»5. 0
f
1,02?
..
o!7
J?S
ll'J
.. ..
71h
267
_
6^5
2 508 . . . .
726 '._. . ..
l.l'Jl -
f8 9i
^5.3 |
^5.5 |
1
!
OS48 !
10 7 P 11 1 1
8. 7
P8 8
Ob48
OS48
0848
0^48
.0818
0848
.0848
. 0848
. 0852
. 0854
.0848
u^-td md i not comparable ^ith earlier data The new composite price is based on AISI
net shipments of c\rt r n s^eel and is the a\erage price of all finished carbon steel products
(except r^i 1 ana \\ire products) weighted b\ 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 1967
1965
Unless otherwise stated, statistics through 1964
and descrintive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1966
Annual
S-33
Sept.
Oct.
1967
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
330
368
3,230
Oct.
METALS AND MANUFACTURES— Continued
IRON AND STEEL— Continued
Steel, Manufactured Products
Fabricated structural steel:
Orders, new (net)
Sh ipments
Backlog end of period
thous. sh. tons..
do
do
5. 059
4. 664
3,141
301
393
3,282
390
414
3,219
404
382
3, 234
345
374
3, 141
307
341
3, 251
325
331
3, 078
489
445
3, 391
472
390
3, 276
401
401
3, 196
363
367
3, 154
328
329
3, 135
621
449
3, 277
5, 077
510
399
353
397
334
335
412
417
446
475
r 450
542
2,968.4
808. 0
245. 9
71.0
258.4
76. 0
251 . 0
72.0
202. 1
65.0
265. 2
67.0
243. 6
02. 0
274.4
72.0
268. 4
67.0
278. 9
65. 0
270. 1
63, 0
277. 0
527. 3
05. 4
203. 6
521.8
119.1
188.2
39. 6
9.5
16.4
30. 0
8. i
18.7
33, 0
10. 0
10.5
40.7
0.8
21.8
36.6
41.1
6.8
24.0
44.5
2(15
32.7
6.5
24.9
2l! 9
39.0
4.5
19.6
37.9
4.7
18. 3
26.4
3.6
20.3
30.7
3.4
12.3
43.0
3. 1
12.8
04, 8
. 2451
74.8
. 2450
62. 2
. 2-150
05. 8
. 2450
06. 8
. 2450
74.8
. 2450
70. 6
.2474
09. 1
.2500
69.8
. 2500
. 2500
93. 3
. 2500
109.8
. 2500
142, 0
. 2500
. 2500
. 2500
..mil. l b _ . 8,016. 7 8,799. 2
..do
5,679.4 6,459. 1
...do... 2,609. 8 2,942.3
do
1,409.0 «•! ,633.7
747. 5
519 h
248. 8
146.0
717 0
523 4
231 . 7
147.3
099 2
495 ?
713.5
4S2. 8
21 S.I
134.4
492. 0
224 0
145.4
739. 8
520. 0
239. 2
128. 4
767.7
500. 7
241.8
130.4
525 5
243. 3
128. 4
75° 1
546'. 9
242. 5
135.8
751.0
551.9
761. 0
542 6
133! 3
658. 3
487. 0
216.9
98. 6
124.4
139. n
loo 3
33 3
34 9
B:
':3;;;•:.'
',
120 4
Hi 1 . 1
1211 0
32 1
3' 7
122. 4
118 9
122 3
20. 6
40.9
117.8
138. 6
111.5
27.1
33.1
132.9
151.8
124.9
26. 9
41.0
131.8
138.3
114.9
23.4
42.3
130. 4
160.0
129.8
30. 2
42. 7
127. 0
101.9
130. 0
31. 9
43, 2
60. 4
88.8
70.3
18.6
27. 9
29. 7
42.9
27.3
15.6
20.5
20. 2
30.0
8.3
21.7
22. 8
•.'••* i)
.4 o
43 1
20. 3
58. 4
19.8
42.6
13.3
45.4
21.3
55. 2
18.2
59.3
39,9
18.2
36.6
17.9
57. 8
26. 9
14 9
10,3
21.7
15.7
22.4
16.0
32.7
24. 9
27.7
21. «.)
20. 6
10.0
32. 9
28. 7
24. 2
18. 3
11.3
4.3
12.5
4.9
I'H 1
240. 0
174.0
. 3024
20 L 5
233. 9
109. 4
.3787
197.8
227. 1
217.9
242. 3
177.5
. 3808
187.0
240. 8
193. 6
. 3817
191.7
270 7
205. 0
.3812
4, 868
4,321
3, 151
Cans (tin plate), shipments (metal consumed),
total for sale and own useO
thous. sh. tons
r
4, 858
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tons.. 2, 754. 5
Recovery from scrap (aluminum content). .do
3 769. 0
Imports (general):
Metal and alloj s, crude
Plates, sheets etc.
do
_.do
_
1
.stock^. primp ry fat reduction plants), end of
p* s ri nl
... ...thous. sh. tons..
Price, p r i m a r y ingot, 99.5^ min
$ perlb..
A l u n n n u i n shipments:
j n u o t and mill products (lift).
M i l l products, total.. .
Phte and sheet (excl f o i l ) . . .
Castings*!
. _
Copper:
Production:
Mine, recoverable copper
thous. sh. tons
Refinery, p r i m a r y
do
From domestic ores
_
..do
From foreign ores
do
Seeondarx , recovered as refined
.do
r
1, 351. 7
1,711.8
1.335.7
370. 1
429. 4
110 6
151.0
110.9
523. 8
137. 1
Imports (general)Refine'!, unrefined, scrap (copper cont.)._do
Refined
.
.do .
Exports
Refined and scrap ..
.. do
Refined
do
1,429.2
1,711.0
1,353 1
357.9
472 i)
590 7
162. 7
54 6
9.2
%:'i
i'£i
r o
83.1
730.4
~2500
133. 6
i 422. 1
i 325 0
334. 7
273. 1
21.6
17.5
21.M
18 3
2, 035.0
174. 0
113.0
3502
2, 3s2. 0
240. 0
174. 0
.3617
211.3
254. 0
195. 0
. 3009
212 2
3, 320
2, 494
1,007
788
573
251
3 327. 4
550. 4
27.1
47.9
27. 9
47.4
20. 8
49. 5
20 8
44.2
25.3
45. 4
25. 3
42.2
29. 4
48.0
29.0
43.3
31. 5
45. 5
27.4
40.9
? 24. 2
39 '>
25.4
48.7
431.3
1,323. 9
44.3
109.0
38. 9
116.7
33. 3
117.0
47 0
113.1
45.3
106. 0
42. 2
97,3
46.6
110.9
36.2
104.9
34.6
108. 8
54.0
103.8
38.2
85.4
43.0
102. 6
30.3
106. 8
142.2
145. 1
144. 0
140.3
142. 2
157.9
154. 8
154.8
154.7
159. 1
158.8
165. 0
171.2
109.8
25. 2
109.2
23.4
85.4
22.0
98. 8
21.8
91.9
25 3
88! 5
23.4
85.4
24 9
92. 6
29.7
90.2
29. 5
98. 6
32.2
97.3
33.7
93. 5
31.6
105.3
31.5
114,2
28.2
112. 8
54.8
.1600
48.3
.1512
44.7
. 1500
47.4
.1424
46.8
. 1400
48.3
.1400
45.9
. 1400
46.8
.1400
40.3
.1400
49.3
.1400
50.4
.1400
50.8
. 1400
51.3
. 1^00
49.9
.1400 ""."1406"
Tin:
Imports (for consumption):
Ore ( t i n content)
Jg. tons..
2 4, 372
4. 326
Bars, pigs, etc
do
41,624
40. 814
Recovery from scrap, total (tin cont.)
do
' s25, 076 25, 318
As nictaL . .. . ._
_.
do
3, 401
3,315
Consumption, pig, total
....
do
84,011
85, 486
Primary
do
58, 550
60, 209
1,000
3,816
2, 180
275
7, 190
5, 150
336
2, 889
2,115
275
6, 970
4,970
312
3. 907
2, 040
255
0, 840
4,715
208
3.418
1, 910
275
0, 595
4, 535
17
3, 062
1, 910
205
7, 000
5, 040
393
2,883
1, 945
205
6, 720
4,875
122
4, 208
1,940
260
7,260
5, 275
32
5, 350
1,885
270
6, 685
179
3, 933
1,955
4,740
5^350
0
3,328
2, 010
280
7,065
5, 125
0
0
3, 302
4,359
1,620
320
5,995 "6," 220"
4,690
4,370
23,105
1.5422
nr
249
22, 687
1. 5399
737
22, 400
1. 5388
422
20, 665
1. 5438
235
20, 500
1. 5371
209
20, 825
1.5333
257
20, 265
1.5311
165
20, 560
1. 5494
65
20, 975
1. 5439
240
19, 855
1. 5250
Consumption, n. lined (by mills, etc.) . . . . .do
Stocks, refined, end of period© do
Fabricators'
.
_
do
Price, bars, electrolytic (N.Y.)
. .. . ..$ per Ib
3
Copp'T-))-iM' mill and foundry products, shipments
(qimrhrly total): j
Copper mill (brass mill) products...
..mil. ib
Copper 'A ire mill products (copper cont.) ... do
Brass and bronze foundry products f
~ -do
2, 977
2, 177
3889
Lead. A
Production:
Mine, recoverable lead .
tlious. sh. tons...
Kecvu-ered from scrap (lead cont.)
do
301. 1
575. 8
Imports fceneral), ore (lead cont.), metal.. .do
Consumption, total
do
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead c o n t e n t ) , ABMS.
thous. sh. tons..
Refiners' (primary), refined and antimonial
Ueml content)
_
thous. sh. tons._
Consumers' G?
do
,-Vrap Head-base, purchased), all smelters
thous. sh. tons..
Price, common grade (N.Y.)
$ per lb_.
344. 4
1, 241. 5
3
3
3033
14 1)
10.3
J* 99
too. o
. 38.10
745
644
241
809
640
248
192. 2 "102.2 v 142. 5 *> 133. 5
289. 0 1-318.4 y 279. 2 » 239. 1
223. 6 * 247. 8 p 210. 3 » 173. 5
. 3830
. 3909
. 3S08
049
608
249
r, ? °
!
Exports, incl. reexports (metal)
...do
Stocks, pig (industrial), end of period §
do
Price, pig, Straits (N.Y,), prompt
$ per lb_-
i 3, 004
27, 661
1.7817
3. 009
22, 687
1.6402
290
24, 250
1.5412
93
24, 075
1.5451
Zinc:A
Mine production, recoverable zinc
thous. sh. tons. .
Imports (general) :
Ores (zinc content) _.
do
Metal (slab, blocks) ...
do
611.2
572. 6
45.3
44.1
42.9
42.5
43.6
43.7
50.1
48.7
49.9
47.6
'44.3
521.3
277. 4
62.1
25.7
39.2
27.4
48. 0
56.0
21.3
47.9
27.2
51.2
11.1
48.6
26.9
46.8
14.9
56.9
15.4
64.0
17.0
45.2
18.3
37.6
20.6
3
3 122. 9
126. 7
9.4
10.1
10.3
3
265. 1 3 269. 6
19.6
19.7
19.3
2
-Revised
* Preliminary.
i See note "O" for p. S-21.
Total for 11 months.
3
Revised ? > f o l ; monthly revisions are not available.
GPata relied changes in conversion factor effective Jan. 1965 and Jan. 1966; revisions for
1965-July 1906 are available.
^Effective 1960, estimates are derived from a new sample
and are not directly comparable with earlier data; see note in Feb. 1967 SURVEY.
eBeginning 1966, total includes copper not previously covered; see note in Feb. 1967 SURVEY
9.4
19.6
9.1
19.1
964
4, 305
'48. 2
429.4
153.0
,1400
Consumption (recoverable zinc content):
Ores
Scrap, all types
.
do
do
39
1.5101
1.5199
28.3
16.1
8.7
9.3
8.8
10.2
8.6
8.0
7.6
18. 9
18.8
19.0
18.4
19.2
18.5
17.7
cf Consumers' and secondary smelters' lead stocks in refinery shapes and in copper-base
scrap.
§Stocks reflect surplus tin made available to industry by GSA.
ABeginning Aug. 1904, data reflect sales from the Government stockpile.
tRevised series. Annual data back to 1959, adjusted to recent benchmarks, will be shown
later.
SURVEY OF CURRENT BUSINESS
S-34
1966
1966
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
Annual
November 1967
Sept.
Oct.
1967
Nov.
Dec.
Jan.
Feb.
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
1
994. 4
and foreign ores
thous sh tons
1
83 6
Secondary (redistilled) production
do
1
1,354 1
Consumption fabricators'
do
5.9
Exports
do
Stocks, end of period:
828.6
Producers', at smelter (AZI)cfL
_ do 151 9
Consumers'
do
Price, Prime Western (East St. Louis) _$ per Ib. . .1450
83.5
1,038.1
72 4
1,410.2
1.4
117.7
87.6
6 7
122.1
64.8
122 7
.1450
43.3
139 4
.1450
47.5
132 6
.1450
7.5
90. 4
8.6
8.7
' 615. 6
40.4
62.8
53.5
2 153 7
234.1
181.6
20.9
95.1
7.3
5.8
.1
84.1
91.1
6 8
119.8
93.4
5 7
110.1
5.7
5.4
107.8
104.8
52.9
126 9
.1450
'64.8
122 7
.1450
78.1
115 5
.1450
83.8
105 2
.1450
.6
.4
70.4
46.4
61.4
43.7
177 7
16.0
181.9
16.4
.3
.1
.1
.2
86.0
5 7
97.3
89.2
5 4
105.8
.3
73.8
4 8
83.7
102.9
()
103.7
103 7
.1450
()
70.2
83.0
4 9
99.8
10.6
4.3
1.1
.1
113.4
97 3
.1356
.1
87.9
108 5
.1450
4
87.6
5 4
100.4
105.6
96 0
.1355
117.9
r
101. 2
.1350
116.7
93 5
.1350
109.3
94.5
.1350
.1350
4
5.1
HEATING EQUIPMENT, EXC. ELECTRIC
Radiators and con vectors, shipments:
i 11.6
Cast-iron
mil sq ft radiation
115.3
Nonferrous
do
Oil burners:
i 564. 4
Shipments
thous
642.0
Stocks end of period
do
Ranges, gas, domestic cooking (incl. free-standing,
set-in, high-oven ranges, and built-in oven
broilers) shipments
thous !2, 115.9
304.8
Top burner sections (4-burner equiv) ship do
Stoves domestic heating shipments total § do
Gas
do
Warm-air furnaces (forced-air and gravity air-flow),
shipments total §
thous
Gas
do
Water heaters gas, shipments
do
1
1,415.2
994.0
7
.9
r
\r 422 3 209 3
997. 7 150.5
.9
7
4
6.5
5.5
5.9
.5
5.8
5.7
6.9
5.6
8.8
46.9
40.4
46.8
43.4
40.5
40.4
46.6
39.1
30.3
43.3
46.2
40.4
55 6
42.4
35 7
42.6
64.8
42.5
164 3
15 6
138 7
12.3
163 2
13.5
206.9
16.1
161 3
13.6
182 4
15 9
194 5
18 6
133 5
13 8
185 4
18 4
115 7
85 2
157 1
113 4
.5
.6
.6
.3
.5
r
204 4
139.2
148 8
104. 1
75 1
51 6
56 1
33.2
74 1
44.6
74.3
49.4
69 6
44.7
98 5
68 2
101 2
81 8
160 5
119.0
222.5
115.2
80.0
178.5
86 4
64 5
176 4
88.1
68.3
206.4
86 8
66.6
203.7
94.0
73.6
229.0
90 1
72.8
224.6
98 7
78.7
199.2
107 0
81 3
203.3
113 1
89 2
176. 1
144 6
108.1
225.5
1, 566. 6 Tl 334 3
1 , 228. 7 ''1,027.4
2, 616. 4 2, 488. 9
159.9
115.2
202.6
208 6
66 9
232 4
67 9
60 0
17.7
322 5
279 9
326.9
379.8
219 5
317 1
216.6
195.8
320.6
523 5
255 0
323.9
213 1
207 0
319.8
152.8
21 6
75 2
1
179.3
23.9
95.9
12.2
17.6
10 7
13
2 9
8.9
.8
4.1
18.2
13.4
1.4
8.3
9.7
14.1
1.2
5.0
10.6
7. 1
9.0
1.9
4.1
10.9
10
7.1
14.3
r
5
r
9.8
10.7
.5
3.6
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—100
Furnaces (industrial) and ovens, etc., new orders
(domestic), net
mil $
Electric processing
do
Fuel-fired (exc for hot rolling steel)
do
Material handling equipment (industrial):
Orders (new) index seas adj ©
1957-59—100
Industrial trucks (electric), shipments:
Hand (motorized)
number
Rider-type
do
Industrial trucks and tractors (internal combustion
engines), shipments
number
1.3
8.1
54 2
17 2
1.5
4.0
18
1.0
5.8
1.2
8.4
186 3
207 2
215.7
218.9
204 2
212 8
212.4
177 2
176.6
231 6
165 3
205 8
173 4
219 3
8,202
9 994
10, 390
12 404
1,032
1,127
861
1,149
1,031
1 147
1,029
1 402
826
886
903
976
1,024
1,374
997
1 136
1 032
1,079
1 014
995
844
885
789
780
875
1,021
41,746
47, 043
4,161
3,829
4,285
4,202
3,465
3,417
3,985
3,552
3,748
3 938
3,283
3,284
3,665
!08 60
T
99. 15
r
87 25
r
78. 45
9 5
70.35
65.95
115.00
101. 85
9.2
Machine tools:
Metal cutting tools:
Orders new (net) total
Domestic
Shipments total
Domestic
Estimated backlog end of period
mil $
do
do
do
months
1,176.00
1,054.40
958. 60
830.55
7.6
1 531 30
1, 392. 90
1 145 35
1 028.95
10 9
137.70
126.50
104.05
93.65
10.8
128. 10
121.10
101. 80
91.65
11.0
103. 50
93. 20
96.60
85.20
11.1
113. 10
100. 80
127. 05
113.40
10.9
88.50
81.10
86.45
77.80
10.5
95.35
83.65
94.20
84.75
10.5
99.10
87.70
124. 45
108. 95
10.2
85.40
77.65
97 10
86.80
99
94.90
85 35
110 90
100 65
9 7
104 10
93 95
121 70
108 30
9 3
88 25
77.90
96 15
88 80
9 2
Metal forming tools:
Orders, new (net), total
Domestic
Shipments, total
Domestic
Estimated backlog end of period
mil $
do
do
do
months
319. 30
297. 75
287. 85
259. 80
321 60
291. 34
331. 30
312 70
8 4
19.90
17.95
29.60
27.60
9.4
23.75
20.90
27.05
25.60
9.0
24.30
22.75
28.00
26. 45
8.6
16. 45
13.90
28.75
27.70
13.80
13.70
25.75
24.10
17.50
15.65
29.15
26.00
14.40
13.65
30. 60
28.40
18 05
14 65
28 85
27 70
68
15 60
13 20
28 85
26 50
6 5
20 45
17 15
33 25
27 00
5 9
18 10
13 60
21 20
18 70
5 9
il 722 4 1 913 5
488 9
428 3
149 4
162 3
458.9
112.8
41.7
2
2 41 7
2
38 8
2
2
2
96 4
2 50 0
2 gg 6
2 396
3 133
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, incl. built-ins, shipments (manufacturers') domestic and exportf
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
1
416.3
114 5
30.5
399 1
419.0
92.6
1 005 9
203.3
253 5
1 053 6 1 219 6
253.4
32 124
3,136
3,642
3,596
3,312
2 065 0
2 028 0
182.0
188.0
140.0
147.8
i 5 106 9
14 347 i
163.0
5 582 7
4 406 3
174.0
545.3
422.7
196.5
506.9
407.6
143.9
509.5
304.6
12 098 4
2 360 8
292.0
297.9
24,118
11,028
23, 595
12, 402
32,521
31,289
757 0
1868 3
80.0
215
239
236
210 1
44.6
5 113 3
51.3
2
30.4
2
29 2
284.3
2
86 5
268 8
30 528
7.6
7.8
7.1
2
35.8
41 2
T
r
r
13
13
20
17
95
30
55
65
r 5 7
2
34 5
16.75
14.90
22.35
20.45
5.4
24 2
92.8
830 0
5
9.8
3.8
2
103.1 2103 8
93 8
375.8
346 0
2,747
2,179
2,302
1 872
134 0
151.0
138.0
154.0
119.0
458 8
245 3
«• 145. 1
454.9
317.0
'143.3
444.3
325.4
201.6
201 9
220.4
202.2
186.2
119 3
2,091
1,124
2,075
1,165
32,338
31,333
1,727
853
1,479
1,049
» 1,771
3
1,171
1,483
680
72.5
69.2
69.8
63.7
60 1
64 9
56 1
58 2
• 10.5
4.5
»8. 3
4.9
S
7 7
2.8
2 070
164 9
158.9
163 7
131 7
' 140. 1 ' 155. 6
506.6
397 7
397.2
272 5
139.0
394 9
346 4
156.1
444 6
383 6
140.8
415 2
357 7
117 5
146 6
1,584
729
31,621
3728
59 2
47 i
225
59.1
4.5
4
8 2
5.0
r
1 897
220
l
2
Revised.
Revised total; monthly revisions are 4not available,
For month shown.
s
Data cover 5 weeks: other months. 4 weeks.
Less than 50 tons.
Excludes orders for motors 1-20 hp.; domestic sales'of this class in 1966, $127.6 mil; Sept. 1967, $10.0.
7
« Reported yearend stocks. See BUSINESS STATISTICS note.
Total for 11 months.
ASee similar note, p. S-33.
^Producers' stocks elsewhere, end of Oct. 1967, 24,100 tons.
§For revised 1965 annual data and for monthly shipments beginning Jan. 1966, certain types
8.4
r
S
9 2
4.1
3,330
165 1
r
106. 6
489 0
440 7
151.4
514.6
461.4
169 1
285 7
316.2
1,027
474
1,767 3 2, 574
858 3 1, 219
62 2
2,157
1,029
60.2
218
«9 1
4.3
S
83
5.0
5
84
3.6
5
76
3.9
r 5
73
3.0
57.5
3.1
previously classified as heating stoves are included in warm air furnaces.
©Effective
Apr. 1967 SURVEY, data revised back to 1961 to incorporate new seasonal factors.
tRevised series.
Beginning in the Aug. 1967 SURVEY, the series (compiled by the Association of Home Appliance Manufacturers) refers to manufacturers' shipments, including
exports.
ISee note marked "V bottom of p. S-35.
OSee note marked "O" bottom of p. S-35.
SURVEY OF CURRENT BUSINESS
November 1967
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
Annual
S-35
1966
1966
Sept.
Oct.
1967
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
July
Aug.
1. 032
1,189
1,230
1,015
1,235
Sept.
Oct.
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
12, 941
Production
thous. sh. tons.. 14, 866
1851
766
E xports
do
Price, wholesale, chestnut, f.o.b. car at mine
12. 824
$ per sh. ton__ 12. 979
Bituminous:
Production
thous. sh tons
512 088 533,881
Industrial consumption and retail deliveries,
total9
thous. sh. tons. .
Electric power utilities
do
Mfg. and mining industries, total
do
Coke plants (oven and beehive)
do
829
60
859
41
1,145
87
1,221
91
1,145
44
12. 840
12. 985
13.475
13.475
13.475
13. 475
13. 475
12.005
12. 005
12.005
12. 495
47, 404
49, 163
46, 942
48 461
47, 000
42 390
47 670
44, 730
49410
44 860
36 560 r50 470
41,711 37,370
38, 150
21 543
1,103
37
669
35
37
46
45
35
1 024
49
983
45 100
47 560
76
r
459, 164
242, 729
196, 732
94, 779
486, 266
264, 202
201, 490
95, 892
38, 466
20, 990
15, 972
8 066
41, 259
22, 009
17, 151
8 206
42, 032
22, 433
17, 359
7 940
45,376
24 602
18 126
7 991
45, 023
24, 723
17,689
7,946
22 758
16, 209
7 258
22 910
7 979
20, 955
15, 639
7,611
7 836
37, 590
22 318
14, 770
7 327
19, 048
19, 965
1 432
2,023
2,163
2 628
2,610
2 550
1 680
729
693
433
77, 393
53, 437
23, 603
10, 506
74, 466
52, 895
21, 332
9,206
72 471
51,981
20, 183
7,632
75, 336
54, 520
20, 525
8,180
75, 534
54,409
20, 845
8,568
466
895
332
206
72, 951
51, 307
21, 425
9,244
70 196
20, 439
9 364
49,583
71 231
50 702
20, 380
9 491
74, 696
53, 702
20, 846
80 209
58, 156
21, 855
10 596
353
239
307
291
280
239
219
174
149
148
198
228
231
245
229
i 50, 181
Exports
do
Prices, wholesale:
Screenings, indust. use, f.o.b. mine
4.794
$ persh. ton_.
6.926
Domestic, large sizes, f.o.b. mine
do. ..
49, 302
5 070
4 877
4 240
3 175
2,622
3 610
3 102
4 193
4 912
4 987
4 032
4 641
3 966
4.952
6.971
4.990
7.259
5.031
7.011
5.113
7.056
5.129
7 143
5.122
7.162
5.122
7.162
5.116
7 197
5.238
6.463
5.231
6 426
5.224
5.237
6 417
6 561
-thous. sh. tons. . 1,657
65,198
_ _ _ . do 17, 208
do
1,442
65, 959
17, 611
142
5,534
1,405
141
5,626
1,478
135
5,447
1,518
126
5 504
1 573
119
5,453
1,537
93
4,996
62
59
5,394
55
r
47
5 105
1,605
2,701
2,445
256
1,478
1834
3,030
2,822
208
1,459
1,102
2,575
2,356
220
1,506
100
2,6^5
2,428
207
1,484
96
2,821
2,621
200
1,459
95
3 030
2 822
208
1 459
95
3,249
3,018
231
1,489
76
3,388
- _ _ .number18, 761
2.92
$ per bbl_.
3, 300. 8
mil bbl
% of capacity-87
16, 780
2.93
3, 447. 2
91
1,187
2.92
290 1
93
1,478
2.98
295.4
91
1,274
2.98
280.9
90
1,780
2.98
298.3
93
950
2.98
293.8
91
1,303
2.98
268 4
Retail deliveries to other consumers
do
Stocks, industrial and retail dealers', end of period,
total
thous. sh. tons
Electric power utilities
- do. __
Mfg. and mining industries, total
do
Oven-coke plants
do
Retail dealers
do
74
52
21
9
41,517
17,117
9,829
15,845
r
36, 724
21 999
14, 199
T
7 367
38, 820
22 922
14 942
7 513
37, 133
21 133
14 628
7 433
473
895
1 311
85 234 80 621
61 831 '60 150
23, 175 20, 240
11 019
8 774
86
65
21
9
726
089
392
465
90
68
21
9
060
006
825
726
COKE
Production:
Beehive
Oven (byproduct)
Petroleum coke§ _.-.
Stocks, end of period:
Oven-coke plants, totaL
At furnace plants
At merchant plants
Petroleum coke.
Exports.
_ _
- _ ___do
do
. __ _ _ do _
do
_
- d o
1,341
3,156
232
1,474
68
62
5 552
1 523
5,312
1,420
3 527
3 273
'254
1 453
3,732
67
3 465
267
1,420
58
1,545
3,963
3 687
277
5 098
1,535
4 350
4 051
299
4,766
4 371
396
1,372
1,387
50
48
36
1 243
3 00
297 i
1 234
3.00
294 6
92
51
5 154
5 016
4 595
5 277
4 824
421
453
1 466
3.00
310 0
90
50
5 208
1,451
84
61
.230
.226
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed
Price at wells (Okla. -Kansas)
Runs to stills t
_
Refinery operating ratio
All oils, supply, demand, and stocks: t
New supply, total
Production:
Crude petroleum
_
Natural-gas liquids, benzol, etc
Imports:
Crude petroleum
Refined products
92
1 168
3.00
296 1
1,054
3.00
92
282.9
91
94
mil. bbl
4, 190. 9
4, 446. 8
358.2
373.5
366.5
383.3
405.4
356.5
397 5
381.2
383 4
368 2
388.4
_
2, 848. 5
441.6
3,027. 8
468.7
247.6
38.0
258.0
40.4
252.8
40.0
263.8
41.6
265.6
43.5
241.5
39.3
264 9
43.2
254.3
42.6
260 0
43.3
256 3
41.5
283 9
42.7
452.0
448.7
447.1
492.0
36.0
35.4
36.0
37.7
34.4
39.2
32.0
45.9
41.1
55.2
29.2
46.4
37.6
51.9
38.2
46.2
39 9
40 2
33.6
36.9
30.1
31.8
12 5
5.0
21.0
363 2
367 4
do
do
do do
Change in stocks, all oils (decrease,—)
do
-2.9
49.4
13.7
12.9
-10.7
-31.7
1.4
-18.4
— 12.8
33.4
Demand, total
Exports:
Crude petroleum.
Refined products
Domestic demand, total 9
Gasoline
Kerosene
do
4, 193. 7
4, 397. 5
344.4
360.6
377.2
415.0
403.9
374.9
410 4
347.8
370 9
__ do
1.1
67.2
--..do
4, 125. 5
__
do
__.
_do ... 2 1, 720. 2
do
297.6
1.5
70.9
4 325. 1
1, 793. 5
101.1
.1
6.9
337 4
149.9
7 5
.1
6.0
354.5
150.9
7.9
.1
5.7
371.4
148.0
10.7
.1
6.0
408.9
150.3
13.0
5.7
398.2
137.3
13.6
0
6.6
.3
6.8
o
18
8 5
368 3
128. 9
12 4
1
6.3
403 9
152.2
9 6
340 7
145.7
5 7
6 9
363 9
161 1
6 2
354 4
165 5
4 3
351 2
162.7
55
775.8
587.0
219. 6
797.2
626.4
244.4
50 4
42 1
21 1
58.6
47.3
22.9
74.7
53.0
21.5
92 9
62.9
23.0
92.5
70.5
21.2
89 1
62 8
20. 1
90 2
67.7
23.7
58 3
52 7
24 1
60 4
49 8
24 4
49 2
45 5
25 4
48 6
41 5
27 0
47.1
127.6
* 307. 1
48.9
134 1
323 9
4.0
16.5
24 1
4.3
15.8
27.1
3.0
9.2
31.2
4.0
4 8
35 3
31
30 9
3.9
35.5
5 9
30 0
36
7 8
24 1
38
11 9
24 3
4 1
15 5
23 6
3 4
16 3
24 2
836.3
220.3
35.9
580.2
874.5
238 4
40 4
o95. 7
905.4
238.2
52 4
614.8
916.9
236.1
52.2
628.7
906.2
241.7
47.9
616.6
874.5
238 4
40 4
595.7
875.9
250.6
857.5
252.4
844.6
33 3
571.8
550.8
878.1
266 8
44 3
567 0
5
8
7
0
895.6
35.6
916.5
256 2
66 0
1 792 6
3.6
194.2
151 3
.4
179.7
155.5
.3
185.2
149.3
.4
187.2
156.1
.2
194.2
151 8
155 5
159 2
197.8
194.3
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: J
Gasoline (incl. aviation):
Production.
Exports
Stocks, end of period
_
_.
do
do
do
2
do. do
do
do
do_
do
do
do
do
do.
2
1,704 4
24.8
2183.1
Prices (excl. aviation) :
Wholesale, ref. (Okla., group 3)
$ per gal_.
.115
.113
.118
.115
.114
Retail (regular grade, excl. taxes), 55 cities
(1st of following mo.)
__$ ner gal .
.219
.220
.219
.208
.216
' Revised.
1 See note "Q" for p. S-21.
2 Beginning Jan. 1965, gasoline excludes
special naphthas; aviation gasoline represents finished grades only (alkylate excluded); com3
mercial jet fuel (formerly included with kerosene) is included with jet fuel.
Less than
50,000 bbls.
* Beginning Jan. 1965, data include demand for liquid refinery gases formerly
shown under petrochemical feedstocks; comparable 1964 total, 295.1 mil. bbls.
9 Includes
data not shown separately.
§Includes nonmarketable catalyst coke.
^Revisions for Jan.-Oct. 1964 will be shown
later.
(3)
o o
4.7
589.6
3.0
258.1
35 8
890
268
52
569
154.3
136 4
146 2
142 7
212 A
221.2
216.2
214.7
3
206.9
.3
4
3
3
7.0
261 6
59 3
574 6
2
7.7
594.3
7
.113
.113
.115
.120
.120
.120
.120
.120
.221
.220
.227
.227
.225
.224
.228
.226
.226
FOOTNOTES FOR ELECTRICAL EQUIPMENT, P. S-34.
1Data reflect adjustment to the 1963 Census of Manufactures; revisions back to 1963 are
available.
0 Radio production comprises table, portable battery, auto, and clock models; television
sets cover monochrome and color units.
SURVEY OF CURRENT BUSINESS
-36
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
IS 66
1966
A.nnual
November 1067
Sept.
Oct.
19 67
Nov.
Dec,
Jan.
Feb.
Mar.
J
Apr.
May
Juno
July
Sept.
Aug.
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
I nports
do
E vp> rts
do
do
k sU «?k , end of period
Price, wholesale (N.Y, H rl or, No. 2 fuel)
$ per gal
R< idual fuel n\:
Product ni
mil. bbl
In 1 ports
do
F \pu ts
do
1
^ti% ,. k ^ en 1 ot pi nod
do
I ) T U » v\ h '>!><• jie (Okl i No 0)
$ per bbl
J>t fuel uinlit ir> grade "iilv) 1
1 'reduction
^t> ok * Tid of pi riocj
I »i,n H ts
iY i i'*f on
mil. bbl
do
1
48 6
1
42
i83
41 2
3 2
7 8
3.5
.4
7.3
94. 5
J 94 i
102. 1
•>5 o
7. 7
30 4
1
*
0
3.3
.3
3.1
4
7. ,8
8.2
3.3
30 4
8.2
2" 9
10.1
°5 0
10. 1
21 5
9. 2
18 3
2.9
3
8.5
17 2
3.0
3
7. 9
3.5
3
9 8
9
7 9
1
7 2
18 7
6.9
19 4
*>
3.1
.6
7.3
6 5
°1 6
23 7
7.6
. 105
. 105
. 107
.107
. 109
109
109
.109
109
.112
60. 6
1 4
2
186. 0
63. 2
9
.3
175. 8
69. 9
1 6
.4
1 54. 1
68 6
1 1
1
131 3
01.9
9
3
104. 7
70,1
63. 0
1 4
.4
92. 8
62. 7
1 3
64.9
13
3
113.0
67.6
132. 6
1 54. 1
177. 4
.3
87. 0
.1
96.4
.9
.4
, 090
. 094
- .095
. 095
,095
.097
.097
. 099
. 099
.099
.099
.099
.102
268. 6
34o 2
14 9
56. 2
1.83
20 4. 0
370 S
12 9
til. 2
21.2
28 9
.8
04. 0
1 55
°1 7
31 2
25. 3
30 }
1. 1
23 2
38 3
14
• >9 1
50 0
1 65
1 50
30 5
1 3
5s. 0
1 45
21,6
30 8
1 7
59. 8
1, 45
'>! 6
°6 6
1 6
61 2
1 45
21. 5
23.1
1 . 65
24.2
43 1
1.6
59 9
1 45
00 g
03. 5
1.05
25 4
44 3
10
r
1 0>
20. 4
25 0
1.4
61.0
1 55
• 191 2
1
18. 7
215.5
19.4
17. 7
22,0
19. 5
21.1
19.0
20. 8
19 0
19. 4
1Q 4
19 4
°0 0
20 7
21.5
20, 4
21 9
°0 -)
•>O 7"
20.4
23.4
21,3
23.7
21.0
02. 9
i*') i)
13 3
65. 4
17 1
12, 7
5.4
1 7
12 4
5. 8
1 7
12 2
1 ri
13 0
1 5
13 5
I 8
13 0
5. 4
1 4
13.4
13.9
>70
°7|)
°70
°70
270
'•'70
l'?3 0
1 °9 0
16 2
i ;. 3
14 2
15 3
12 9
13 3
10 1)
14 4
56. 1
200. 2
00. 1
215. 1
4.6
15.8
4.8
18. 8
49 8
49 0
do
/ 1\, « l t :
'* 'Suction
mil 1 )})l
>• t |x ( 7i d o{ period
do
I ' e'i >d petroleum j-ises:
reduction
. ._ . ..
do
' r r m,f T f/om n-isr.lme pbnt^
do..
t ' . ' k > (-)*- plmts, termn ils, underground, and
tt r e h i u r i • ( ( nd oi per'od
mil bbl
A'-plnlt s ding.,
Ins'il /ed siding. ..
^ i f M r ? f ^ d ft It'-.
3 7
. 105
104
785. 8
13 8
155. 4
>' i ^ et d of period
do
ft • , v>hrU <?ile, ' r i g h t .toek (midcontinent,
Asph l f iiid t ir product, shipments:
\ c * > h » i f roofing, «-ot i l _ .
_ . thous. squnros.
Roll roofing aid o \ p sheet
do
^ h i n r l f 1 , il1 types ._
do
3 5
4
7 1
65. 9
1.1
098
765. 4
13 0
3 8
do
r > j » -t*
3.6
3
7 4
3° 0
5,4
1.0
1 ••>
I 4
13 1
33 ~
5. 5
1 9
13 4
o"Q
979
07Q
TO
°70
270
8 1
25 4
9 0
•'>G s
11 9
27 1
1° 8
"5 0
14.3
23. 7
5.4
17 3
•Y) 4 '-.
''3 0
5, 1
25. 8
5.5
25.4
5, I
22.'!
14.' 9
0. 2
15.2
14.5
5. 6
15. 2
4" '>
;p 7
•>>> ^ !
>'.) <>
40 7
49 6
50 J
,K . 0
03. 1
3. 100
6, 089 !:
o 349
3, 740 |
0, 430
'' l l t j
4,011
8, 032
3 Of* I
5,031
7, 960
2 965
4, 996
11
25
73
34 i
34
70 !
33
40
66
39
56
82
72,338
°8 ->93
44, 044
09, 3G3
28 917
40, 446
7, 194
3 107
4, OS?
0, 783
3 OlHi
3, 084
5,142
'* 411
2, 7u2
3, 555
1 773
1 , 782
028
500
980
554
504
880
02
00
08
53
41
37
2'}
53
_ ___ . _ .do....
. ...
elo
..thous. sh. t o n s . .
2.0
1.45
70
3, 422 : 3. iisO
1 p- r v> i 1 "00
1,770 i 2, 174
31 !:
10 !
49 !
31
20
52
5, 337
3' 621
5, 636
8, 282
3 305
4,918
39
46
81
r 48
57
93
44
50
82
4,775
4, 626
5, 906
p 4, 548
r 4, 299
p 6, 194
r
r
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulp wood:
Receipts
..
_ _ .thous. cords (128 cu. ft.)
Consumption...
do
Stocks, end of period, . _
_ . .do .
Waste paper:
Consumption
thous. sh. tons ..
Stocks, end of perioel.
._do
2 53,736
58. 881
2X410
6,0.^9
4,730
4,41s
5, 9 1)8
4,827
4, 978
5, 829
10,297
2
620
10,159
0)82
596
»V22
233,921
* 1,482
2 21 ,473
^ 2, 692
35, 730
1, 557
22, 353
2, 804
2. 820
118
i . 752
228
3,133
131
1,970
245
3, 047
132
1,923
243
1 , 753
209
i >m
23,532
1, 647
3 0Q4
3. 902
1, 530
3t 421
319
131
353
136
299
334
113
300
322
119
281
759
241
436
82
729
258
387
84
743
760
292
382
86
729
398
92
773
296
380
91
i , 402
3535
897
1,572
563
1,009
146
49
97
109
42
67
3,127
280
2,847
3, 355
293
3,065
258
22
236
290
17
274
4.710
4, 759
4, 844
5, S35
4, 526 !
4,454. :
0,020 i
4. SOI
0, 280
4. 361
4 759
o' 994
4, 507
4, 797
5, 708
4, 686
4 550
4, 326
4 279
4,S57
5,939
808
650
770 :
0.16 I
829
040
815
642
811
720
695
629
r 899
*S47
630
'614
" 600
23)
2, 897
110
1,819
22 1
3, 129
139
1,981
238
3, 065
106
1, 967
233
3, 133
123
1,969
239
2, 966
102
1, 858
228
2, 726
104
1,729
189
3, 004
122
1, 927
221
2, 834
112
1,773
211
3 in
i ;_>
js°
S_-2
1.4
271
345
132
294
337
131
290
350
134
314
343
137
298
310
120
273
335
130
269
328
121
288
77^
323
37'J
76
805
322
407
76
786
324
386
76
809
356
375
78
860
303
425
72
'827
382
'378
67
'814
377
'370
67
P807
84
7-1
2v)
37 J
*3
136
47
88
133
42
90
T'3
39
64
113
3S '
75
172
83
89
128
36
92
133
31
101
185
108
111
38
73
165
58
106
135
45
89
282
21
261
293
35
258
287
20
267
201
19
242
297
25
273
245
20
226
269
25
245
273
21
251
236
16
221
256
1
249
21
228
Paper and board:
Production (Bu. of the Census):
3,780
4, 090
3, 859
All grades, total, unadjusted- thous. sh. tons.. 44, 049
46. 558
1,658
1,783
Paper
". . _
do
1 , 092
19,113
23, 228
1,803
1,992
1,881
Paper boar d _ _
do
20, 866
22, 483
12
12
11
145
138
Wet-machine board
do
307
304
275
Construction paper and board
do
3,709
3, 925
r
Revised.
v Preliminary.
i See note 2 for p. S-35.
2 Re pc>rted an nial tot :ii;
3
revisions not allocated to the months.
See note "O" for p. S-21.
3, 612
1. 626
1,742
12
232
3,914
1,774
1,868
12
260
3,684 i 4,015
1,654 | 1,794.
3,812
1,730
1,856
11
215
3, 934
1,735
1,876
12
311
3,885
'3,417
'1,492
••1,634
r 3, 938
1
^
814
5, 703
048
oo-'i
fiS
5, 105
WOODPULP
Production:
Total, all grades
Dissolving and special alpha
Snl fate.
Sulfite
thous. sh. tons..
elo. . .
do
do
Grounelwood
DeMbrated or exploded- ..
Stocks, end. of period:
Total, all mills
Pulp mills
Paper and board mills
Nonpaper mills
_..
do
do
2
2
do
do
. . do
_
do
Exports, all grades total
Dissolving and special alpha
All other.
do
do
do
Imports, all grades, total
Dissolving and special alnha
All other
_do
do. . .
do
3
3, 070
134
O"
229
P381
P359
*68
PAPER AND PAPER PRODUCTS
1.753 |
11 1
266 I
1,895
13
313
1,684
1,865
12
324
'9
'290
'1,727
' 1,885
11
'334
p 3, 709
P 1,646
f 1,721
pll
j-332
Oct.
SURVEY OF CURRENT BUSINESS
November 1967
1966
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
S-37
1966
Annual
Sept.
Oct.
1967
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
' 3; 565 * 4,058
Aug.
Sept.
Oct.
PULP, PAPER, AND PAPER PRODUCTS—Continued
kND PAPER PRODUCTS— Con.
ard— Continued
(American Paper Institute) :§
s, paper and hoard
thous. sh. tons...
)rice indexes:
paper
1957-59 =--100
CT A grade
do
rd
do
paper and hoard
do
s of paper (API):§
44, 296
46, 886
3,791
4,077
3,742
3, 5S2
4,001
101.4
110 6
96.4
93 0
101.7
115. 1
97.1
92.8
101.9
116. 7
97.2
92.7
101.9
116. 7
97 2
93 0
101. 9
1 10. 7
97. 2
93 1
101.9
116.7
97. 2
92.7
101.9
116 7
97.3
92 4
e\v
thous sh tons
nfilled end of period
do
2,429
150
2 637
159
204
168
223
169
208
160
202
159
>n
s
_.
_
per:
ew
nfilled end of period
do
do.
2,410
2,413
2,641
2, 623
216
210
235
227
224
223
do
do
6,198
6,711
553
563
610
562
583
do
do
5,993
5,993
6,511
6 514
547
547
do
do
4, 590
210
4,723
200
.do
do
4,591
4,564
do
do
do
do
do
do
' 3, 628 3,972
3,857
' 3, 871
' 3, 877
101.9
116.7
97.3
92 4
101.9
116.7
97.3
92.3
101.9
111.8
97.3
92.2
101.9
117.8
97.3
91.7
101.9
117.8
97.3
91.5
230
164
?15
158
238
157
237
174
'231
' 174
'222
' 177
'202
' 179
x>223
"165
214
205
237
231
222
223
237
236
230
230
'229
'231
'216
'211
' 194
'197
v 243
?242
515
543
556
553
581
572
494
496
561
496
554
513
T
'532
467
'569
' 526
'508
' 518
»525
* 473
571
571
543
543
539
542
558
558
518
518
565
565
536
536
'546
T
546
'544
'544
'496
'496
*538
v 538
374
227
392
214
392
205
382
200
392
212
393
225
422
223
'392
'367
'387
' 199
'330
' 195
p 411
v 215
4,696
4,704
389
388
399
395
392
394
372
381
400
397
392
376
429
436
400
389
'398
'385
'383
'387
'315
'316
J>406
M02
7,720
7,747
150
8,419
8,385
677
703
272
726
717
281
714
738
258
667
740
184
698
612
270
659
602
327
695
653
369
670
692
348
704
741
311
652
713
250
668
592
326
641
660
346
2, 180
2,183
2 408
2,405
21
192
195
27
211
210
28
214
215
28
198
205
21
227
209
39
212
199
51
225
225
51
223
221
54
227
249
32
222
228
27
197
191
33
705
665
365
•»^
212
46
tion by publisherscf
do
and in transit to publishers, end of
thous sh tons
6,387
6,898
582
641
626
593
542
511
585
609
616
568
522
544
568
573
681
737
700
705
681
682
672
676
654
676
711
707
726
707
do
Is, contract, f.o.h. mill, freight allowed
ered
$ per sh ton
6,323
6,991
624
605
601
577
563
500
549
528
614
601
527
542
528
132. 40
136 23
138. 40
138. 40
138 40
138. 40
138. 40
138. 40
138 40
138 40
138 40
139 00
141 40
449
724
445
92
429
937
435
90
461
943
463
95
442
883
463
94
412
731
423
84
456
748
404
91
451
720
455
92
450
705
453
91
459
695
452
90
448
690
452
88
446
614
460
89
393
654
377
73
454
645
454
90
448
702
419
84
160, 152
14,227
14,353
13, 798
12 98 9
12, 298
12,098
14, 056
12, 747
13, 999
13, 923
11,630
14, 330
15, 045
134. 1
143.4
140.6
132. 8
140. 1
124.6
122. 4
141.7
128.6
136.5
141.6
118.5
38. 56
48,11
104. 98 107. 68
51. 75
33. 58
. 206
.208
30. 12
116.76
36. 61
.208
29. 43 ' 24. 08 ' 50. 02 47. 44
116.84 ' 126.95 125. 98 118. 60
33. 55
43. 57
24.13
23. 27
.179
.193
.220
.206
132. 09 r137. 92
105. 15
85. 58
355. 75 ' 383.04
23. 73
26.56
>n
s
?r:
ew
nfilled end of period
m
s
>n
s from mills
. .
mills end of period
es:
)n
s from mills
mills, end of period
.
.
510
19
American Paper Institute): A
r (weekly avg.)
thous. sh. tons...
i 417
i 796
Tiled, end of period
. . . . do _
410
, total (weekly avg.)._ - . _ -do
90
( a c t i v i t y (based on 0.5-day week)
ts:
ontainers, corrugated and solid fiber,
st
mil. sq . ft . surf, area . 148,471
per boxes, shipments, index of phvsicai
__
..
.1947-49 = 100
128. 2
184
213
190
101.9
117.8
97.3
91.5
r
209
211
44
476
759
468
91
142. 0 v 137. 7
RUBBER AND RUBBER PRODUCTS
RUBBER
N a t u r a l rubber:
Consumption
thous. Ig. tons...
St ocks , end of period, _. . _
do.
I m p o r t s , in el. latex and guayule
do . ...
Price, wholesale, smoked sheets (N.Y.)..$ per I b _ _
Synthetic rubber:
Production
Consumption
S t ocks , end o f period
Exports
514,71
100.01
445, 32
.257
.. . _ thous. Ig. tons... 1,813.23
do
1,540.11
do
311.95
2
do
281. 78
-
Reclaimed rubber:
Production
Consumption
___ _ .
Stocks, end of period .
do
do
do
554. 13
82.87
431. 66
.236
1,969.97
1, 666.06
348. 69
308. 44
47.94
42. 43
82.87
29. 54
. 220
45. 25
05. 03
39. 37
. 210
42. 68
98. 07
23. 06
.208
142. 7fi
340. 40
24. 10
1G6. 83
140. 16
348. 69
23.37
164. 54
146. 33
352. 28
26.26
150. 12
133. 78
347. 55
25.24
164. 60
146. 32
345. 57
25. 07
154. 98
127. 30
353. 99
22.81
138. 41
108. 25
355! 02
27. 40
21.94
20. 88
30, 36
22. 72
20. 71
32. 29
22. 21
21. 66
31.00
20. 73
20.33
30. 82
23.32
21.58
32.38
17. 98
19^55
30.12
14. 06
15. 57
28. 07
15, 058
14, 147
15, 070
12,424
80 02
30. 69
. 223
48. 89
87. 59
34. 22
.219
164. 18
142. 60
337. 22
25. 18
168.11
170.91
151. 70
334. 99
24. 39
46. 57
86. fi9
34. 52
. 223
280. 29
269. 54
30.16
277. 36
264. 51
32.29
30.72
21.83
21.76
24. ()2
23. 83
30. 62
thous
167,854
177, 169
14, 809
15, 869
15,000
14, 483
do
do
do
do
169,060
173, 464
54, 680
16,015
1 1], 558
5, 269
1 1 , 020
13, 858
5,171
12, 388 13, 166
4! 143
4, 629
8, 845
7, 564
' 178
' 196
do
do
.
..
37,016
14. 45
15. 13
26. 39
r
155. 68
155. 96
355. 28
24. 57
167. 94
152.89
349. 01
26. 11
23. 62
22 48
' 11.92
' 11.77 ' 23. 97 21. 38
25. 24
' 25. 21 24.70
TIRES AND TUBES
Pneumatic casings, automotive:
Production
. .
...
Shipments, total
Original equipment
Replacement equipment
Export
. .
..
.
S t ocks . end of period
Exports (Bu. of Census)
Inner tubes, automotive:
Production
Shipments
Stocks, end of period
Exports (Bu. of Census)
.
.
.
58, 280
107, 905
2, 875
2 ? 381
do . . . . 41,342
do
41 936
do
ll!839
2
do
1,189
116,348
2, 436
42, 569
2,051
4- 684
ll[ 133
' 199
39, 093
166
161
3, 743
42, 765
44, 222
3,739
11^996
11,' 065
1,100
269
39, 565
102
3, 773
3, 834
11,276
104
8,511
176
15, 744 ,16,162
8, 734
8,748
6,919
16, 299 16, 265
4, 330
4,' 835
11,788 11 ',293
' 181
137
16. 201
4', 695
11, 401
' 105
12,469
2' 125
10, 239
105
13,818
2, 673
10, 971
174
15, 670
3, 693
11,757
219
40, 393
181
42,569
165
44, 678
123
47, 594
115
48, 273
156
44,410
147
37, 088
107
29, 883
101
24, 381
80
26, 466
106
27,114
122
3, 4.00
3, 228
i 1 , 704
86
3,434
3, 219
11 ,'996
85
3, 496
4, 630
10*846
68
3, 385
3, 312
1C] 947
55
3, 809
3, 762
lo' 922
101
3,103
3, 531
1 0^631
108
2, 696
3, 546
9,' 888
65
2,871
3, 412
9^337
71
2,145
3, 053
si 599
56
3,516
3 361
8^937
45
3, 634
3, 188
9, 535
76
T
Revised.
*> Preliminary.
> Beginning Jan. 1965, monthly data are 4-week averages
for period ending Snturdav nearest the end of the month. A n n u a l data for new orders are
52-week averages; those for unfilled orders are as of Dec. 31. 3 See note "O" for p. S-21.
11,353 14, 434
4,455
3,' 234
9, 782
7, 898
' 198
' 222
cf As reported by publishers accounting for about 75 percent of total newsprint consumption.
t Revisions for J a n . 1%4-Feb. 1905 will be shown later.
§ Formerly American Paper and
Pulp Association.
AFonnerly National Paperboard Association,
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1967
1966
1966
Sept.
Annual
November 1967
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
37, 527
44, 632
Sept.
Oct.
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments finished cement
thous bbl
1 374 086
380 694
38 672
38 400
29 195
21 044
18 457
17, 066
24, 758
27, 940
34, 765
37 909
8 089 1
313 3
1 73° 2
7 606 2
267 4
1 610 3
636.7
23 2
148 2
615 9
25 2
139 2
544.0
21 6
115 4
408 8
20 4
90 7
410.6
18 1
82.9
369.8
21 0
72.1
555.5
24.4
124.0
605.9
21.8
119.3
651.9
19 7
140 2
689.0
21 1
156 0
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil standard brick
Structural tile except facing
thous sh tons
Sewer pipe and fittings vitrified
do
Facing tile (hollow) , glazed and unglazed
mil brick equivalent
Floor and wall tile and accessories, glazed and unglazed
mil sq ft
Price index, brick (common), f.o.b. plant or
N.Y. dock_.
.. _
1957-59=100
r
641. 9
19.5
156.1
720.6
21.0
177.4
r
326 9
308 1
26 3
25 2
23 7
22 2
22 0
15.3
19.2
19.9
22 4
21 8
' 19.5
20.8
283 4
272 7
22 3
20 8
20 3
18 9
18 9
19 1
22.9
20.8
22 9
24 7
'20. 1
24.3
108 4
111.5
111 9
112.1
112 9
112.2
112.4
112.9
113.1
113 1
113.5
354 308
343, 138
80, 852
87, 930
76, 791
76 657
140 559
213 749
136, 785
206, 353
34, 088
46, 764
34, 755
53, 175
28,388
48,403
29 862
46 795
thous. gross
202 050
211, 764
17, 163
18, 392
16 064
15 609
17, 119
16, 852
18,040
19, 185
19, 170
19,254
19, 147 '20, 089
17,956
Shipments, domestic, total
do
General-use food:
Narrow-neck food
do
Wide-mouth food (incl. packers' tumblers,
jelly glasses, and fruit jars)
thous gross
195 924
204 093
18, 878
15, 981
15 971
16 197
15, 271
15, 010
18, 485
17, 458
18, 873
20,129
17, 540 '20, 410
19, 058
21 548
21 605
2,767
1,760
1 478
1 403
1 448
1,651
2,056
1,804
1 818
1,909
1,609
' 2, 275
53 742
52 168
4 958
4 450
4 395
4 040
4 329
4,079
4,432
4,023
4 222
4,400
4 072
r
1 533
2 759
1,757
2 016
2 787
1 617
2 677
3 234
1,368
1 852
2 692
1,338
1 918
2,631
1,291
2,763
3,885
1,682
2 796
3,890
1,495
3 304
4 329
1,602
4 301
4,526
1,588
3 384
4,068
1, 136
T
3 136
2 943
3,093
2,865
3,069
2,959
3 074
2,883
2,809
112.9
112.9
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments _._ ..
thous. $
Sheet (window) glass, shipments _Plate and other flat glass, shipments
Glass containers:
Production . .
do
do
Beverage
Beer bottles
Liquor and wine.
do
do
do
20 283
36 134
17 273
27 098
38 895
17 608
2 287
3 050
1,506
Medicinal and toilet
Chemical, household and industrial
Dairy products
do
do
do
38 797
6 882
1 265
39 766
5 812
1*141
3 647
3 210
546
117
426
86
do
26 945
30 084
29 684
31 735
5 911
10 035
5 479
9 647
1,706
2 537
1 253
2 180
2 033
8 434
2,156
1 806
1,793
4 580
4 693
1 357
1 087
757
78
do
do
828
976
680
899
186
253
136
205
135
183
1 079
7 084
291
213
1 868
1 516
3, 255
'481
2,987
71
459
66
33, 675 '32, 736
31, 130
148
202
1 368
8 083
r
1,277
80
2,620
3,511
1,614
1,824
do
do
4,890
3, 440
'4,048
1,479
1, 171
2,236
9 320
2,911
5, 361
Stocks, end of period
448
94
31 280
30 084
442
77
497
78
505
93
31,500
32, 964
31, 943
424
108
425
66
33 580
448
74
453
71
33 223
31,679
399
63
GYPSUM AND PRODUCTS (QTRLY)
Crude gypsum, total:
Imports
.
Production
thous. sh tons
do
Calcined, production, total
_ _ . do_
Gypsum products sold or used, total:
Uncalcined uses
Industrial uses
Building uses:
Plasters:
Base-coat
All other (incl. Keene's cement)
Lath
Wallboard
All other.
.__
mil sq ft
do
do
319
271
322
228
80
55
737
74
220
219
1,576
1 596
64
49
43
TEXTILE PRODUCTS
WOVEN FABRICS
Woven fabrics (gray goods), weaving mills: f
Cloth woven, total 9
. . , mil. linear yd
Cotton
do
Manmade
fiber
do
13 037
9 262
3,517
12 689
8 866
3,571
21 210
2 854
2335
1 001
1 001 2 1 081
2 778
722
2
265
285
1 306
1 180
1 219
1 257
Stocks, total, end of period 9 c?1
Cotton
Manmade
fiber
do
do
do
1 139
Orders, unfilled, total, end of period 9 f
Cotton
_ _
Manmade
fiber
do
do
do
4 140
3 023
676
442
766
521
3 222
2 408
673
489
705
280
702
500
730
509
3 883
2 952
*855
3 727
2 839
3 382
2 533
746
821
783
14,933
9,562
1,341
5,007
8,757
14, 973
9 296
9,575
9 647
999
940
667
254
1 306
'766
1 333
521
785
528
3 222
2 408
3 209
2 423
746
718
956
674
262
959
670
269
1 307
*782
1 323
504
806
497
3 046
2 290
2 801
2 020
953 2 1 158
2 823
673
2312
262
1 311
786
505
3 059
2 251
737
686
708
2
919
631
270
1,167
2 809
2
334
' 715
' 477
' 222
1 364
1 396
1 404
1 397
2 693
1 866
2 562
1 753
2 622
1 748
r 799
2 866
1,928
835
512
749
852
527
735
860
528
865
518
866
COTTON
Cotton (exclusive of linters) :
Production:
GinningsA
thous. running bales..
Crop estimate, equivalent 500-lb. bales
thous. bales.
Consumption
.
do
Stocks in the United States, total, end of period
thous bales
Domestic cotton, total
.
do
On farms and in transit
do
Public storage and compresses
do
Consuming establishments
do
Foreign cotton, total
'
I'dol
»9,211
4
69,562
9, 533
257
632
1,013
3,289
6
2932
781
759
2 352
770
749
2906
748
733
2 889
562
721
2
7, 969
850
23 787 ' 20 265'24 066 '22 990 '21 719 '20 265 '19 047 '17 848 '16 548 '15 516 '14 378 '13 196 12 433 19,400
23 682 ' 20 186'23, 973 '22, 910 '21 637 r2o' 186 '18 968 '17 770 '16 479 '15, 455 '14 326 '13 140 12' 375 19, 342
r 954
2 535
r 1 121 '8 857 ' 5 920 ' 2 070 r 1 121 T i 076
7 926
' 671
' 713 '801
' 472
300
9,157
9,802
19 619
17 639 14 012 15 873 18 229 17 639 16* 262 14 942 13 779 12 664 11 690 10 818 10 318
1,555
1 614
1 117
1 426
1 104
1 987
1 965
1 757
1 528
1 338
1 990
1 426
1 630
1 850
1 874
64
58
'l05
79
' 93
80
82
79
79
78
69
61
52
56
58
' Revised. 1 Beginning Jan. 1965, excludes finished cement used in the manufacture of pre9 Includes data not shown separately.
pared masonry cement (2,734 thous. bbls. in 1964); annual totals include3 revisions not distribcfStocks (owned by weaving mills and billed and held for others) exclude bedsheeting,
uted to the months.
2 Data cover 5 weeks; other months, 4 weeks.
Ginnings to Dec. 13.
toweling, and blanketing, and billed and held stocks of denims. Effective Aug. 1965, stocks
4
6
Ginnings to Jan. 15.
« Crop for the year 1966.
IShv. 1 estimate of 1967 crop.
t Data
cover additional manmade fiber fabrics not previously included.
shown here are not strictly comparable with those for earlier periods for the following reasons:
^Unfilled orders cover wool apparel (including polyester-wool) finished fabrics; production
Beginning Jan. 1964, fabric classifications were revised and manmade fiber drapery fabrics
and stocks exclude figures for such finished fabrics. Orders also exclude bedsbeeting,
were added; beginning Jan. 1966, data reflect further changes in reporting classifications,
toweling, and blanketing.
ATotal ginnings to end of month indicated, except as noted.
principally cotton blends.
SURVEY OF CURRENT BUSINESS
November 1967
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
Sept.
Annual
1967
1966
1966
1965
S-39
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
TEXTILE PRODUCTS—Continued
COTTON— Continued
Cotton (exclusive of linters)— Continued
Exports
thous. bales
Imports
_
- do _Prices (farm), American upland
cents per lb_Prices, middling 1", avg. 15 markets
do
Cotton linters:
Consumption
thous. bales
Production
do
Stocks, end of period _ ._
do
COTTON MANUFACTURES
Spindle activity (cotton system spindles) :
Active spindles, last working day, total
mil
Consuming 100 percent cotton
do
Spindle hours operated, all fibers, total-., bil
Average per working day
do
Consuming 100 percent cotton
do
Cotton yarn, price, 36/2, combed, knitting, natural
stock §
$ per Ib
Cotton cloth:
Cotton broad woven goods over 12" in width:
Production (otrly )
mil lin yd
Orders, unfilled, end of period, as compared with
avg weekly production
No. weeks' prod
Inventories, end of period, as compared with
avg. weekly production --No. weeks' prod-Ratio of stocks to unfilled orders (at cotton
mills) end of period seasonally adjusted A
Mill margins:*
Carded yarn cloth average
cents per Ib
Combed yarn cloth average
do
Blends (65% polyester-35% cotton)
do
Prices, wholesale:
Denim mill finished §
cents per yd
Print cloth, 39 inch 68 x 72
do
Sheeting, class B, 40-inch, 48 x 44-48
do
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly total
mil Ib
Filament varn (rayon and acetate)
do
Staple incl tow (rayon)
do
Noncellulosic, except textile glass:
Yarn and monofilaments* _
do
Staple, incl tow*
do
Textile glass
fiber
do
Exports' Yarns and monofilaments
thous Ib
Staple tow and tops
do
Imports: Yarns and monofilaments
,_ do
Staple tow and tops
do
Stocks, producers', end of period:
Filament yarn (rayon and acetate)
mil Ib
Staple, incl. tow (rayon)
do
Noncellulosic fiber, except textile glass:
Yarn and monofilaments*
do
Staple, incl. tow*
do
Textile glass
fiber
do
Prices, manmade fibers, f.o.b. producing plant:
Staple: Rayon (viscose), 1.5 denier
$perlb
Polyester, 1 5 denier*
do
Yarn: Rayon (viscose) , 150 denier
do
Manmade fiber and silk broad woven fabrics:
Production (qtrly ), total 9mil lin yd
Filament yarn (100%) fabrics 9
do
Chiefly rayon and/or acetate fabrics
do
Chiefly nylon fabrics . _ _
do
Spun yarn (100%) fabrics (except blanketing) 9
mil lin. yd
Rayon and/or acetate fabrics and blends
do
Polyester blends with cotton
do
Filament and spun yarn fabrics
do
WOOL
Wool consumption, mill (clean basis) :
Apparel class
Carpet class
Wool imports, clean yield*
Duty-free (carpet class)*
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine
Graded fleece, % blood
Australian, 64s, 70s, good topmaking
348
7
21.2
21.9
3,597
100
220.5
221.9
1 406
1,635
734
1,366
1,419
725
18.9
14.7
128.0
.493
102.9
19.5
15.1
132.1
.509
102.4
891
518
3
21.9
21.8
306
11
22.4
21.8
3 123
63
527
105
153
567
19.6
15.1
12.9
.514
3
10.1
19.5
15.1
10.5
.527
8.3
19 5
15. 1
10.2
.508
7.9
949
962
960
8 841
2 083
20.3
18.4
19.8
18.6
3
0
458
7
19.8
22.0
458
5
20.7
22. 0
93
158
725
91
152
778
3
19.5
15.1
11. 3
.453
3
8. 8
19.8
15.3
10.1
.503
7.8
19 8
15.3
10.0
.499
7.8
.951
14.9
288
3
20.4
22.2
416
19
19.7
22.2
94
65
831
19.8
15.3
11. 9
.477
3
9. 3
20.0
15.3
10.0
.501
7.7
19.7
15.0
9.9
.496
7.5
934
932
13.7
12.7
228
4
21.0
22.6
299
3
19.9
22.4
3
87
37
765
.940
3
105
113
828
244
20
22.0
22.8
70
26
637
19 6
14 8
12 3
491
3
93
19.8
14.9
8.1
.403
6.0
20.0
14.9
9.8
.491
7.2
.920
14.5
97
34
547
3
20.0
14.7
12.0
.481
3
8.8
Q
17.2
7 1
13.7
5. 1
18 4
12 3
13.5
5 1
c -I
18
.21
.23
.25
.26
.29
.32
.33
.37
40
.41
.36
.37
42.23
98.89
64 55
23
27.3
23.4
3
79
'40
'595
927
3
104
40
693
277
52
21.3
23.2
2 136
2,223
2 175
3
3
945
16.1
401
5
20.5
22.1
89
111
810
953
17.6
3
42.35
98.64
65 76
42.23
96.40
65.15
41.27
86.05
57 22
40.69
79.75
55.64
40.54
78.97
52 69
40.42
78.52
51.28
40.09
77.62
51 18
39.59
76.06
49 47
38 33
75 43
43 03
37.90
71.79
43.15
37.23
73.46
49.20
36.64
73.66
55.72
36 2
18.8
18.3
36 2
18.3
18.3
36 2
18.3
18.3
17 8
17.3
18.4
18 4
18.4
25
34 9
18.6
17.5
35 8
18 7
18.0
36 2
18 8
18.1
3, 532. 2
825 0
648.0
3, 860. 1
799 8
659 2
980.7
201.7
168.5
943.1
197 6
150.9
936.8
181.3
155.3
929 3
997.7
779.2
282.3
• 99 923
• 50 763
15, 690
130 108
1, 164. 7
904.0
332.4
98 722
55 522
16, 571
177 570
302.9
222.4
85.2
7 484
5 165
1,416
12 411
7 889
5 779
923
13 349
7 533
4 162
1,600
11 910
298.5
210.8
85.3
8 609
7 608
1,587
14 246
8,069
6 514
2,237
9,563
8 101
7 034
3,357
13 600
299.5
224.5
76.2
7 453
6 314
1,908
14 488
7 492
6 290
1,574
10 674
6 685
7 599
1,666
9 465
281 8
264 3
74 0
1 894
in 77R
5 806
6 062
1,532
13 846
6,442
7 426
2,178
13, 395
59 8
55.8
67 3
70.1
66 8
74'. 5
65 6
70.7
64 4
64.4
67 3
70.1
70.2
74.5
68 6
80.1
63 3
82.8
60 9
80.8
61 7
78.4
fin i
77 1
64 4
75.5
59 7
62.4
150.2
129.8
42.5
137.1
136.3
29.3
163 8
120 9
169.0
129.7
163.0
128.4
156.8
132.2
.28
85
.80
.28
.80
.80
.28
75
.81
ae
62
.81
3, 926. 2
1, 640. 6
855.8
303.9
4, 198. 0
1 576 6
735.0
334.6
998.0
382 2
178 2
86.8
1,003.3
369 4
171.1
80.5
1,020.4
407 7
194 3
81 3
1 038 5
400 2
188 9
80 3
1, 534. 6 1, 907. 8
444.0
466.5
457 5
484 1
145.8
239 5
114.6
152.1
257 0
111.0
151 8
259 5
102.3
152 1
286 1
100.6
15 4
4 6
13.9
69
16.5
7.0
15.0
7.3
17.7
7.2
1.237
.895
1.165
1.225
.838
1.125
35.75
72.52
84. 03
58 5
55.5
109.3
96.7
32.2
7
6 693
5 974
2,305
11 982
mil Ib
do
do
do
274 7
112 3
271 6
108 9
266.6
103 6
277.2
114 6
3
22 6
95
18 7
93
17
8
14
5
7
6
7
0
16 1
77
15.9
7 0
$ per lb_do
_.do. .
1.249
1.192
1.156
1.349
1.171
1.259
1.390
1.120
1.275
1.360
1.098
1.275
106 5
107.8
108.2
108 0
267 3
265 2
102.7
102.7
3
.72
.81
18.4
61
13.1
4.2
1. 325
1.097
1.275
1.325
1.075
1.225
1.288
1.050
1.188
103.4
102.8
100.7
54.7
102.7
.72
.81
18.5
7.1
16.5
7.0
3
102.7
179 9
137 0
164.3
122.0
46 9
18 9
78
19 3
86
61 8
100.2
.28
.72
.81
.28
72
.81
.28
72
81
624.6
1 051 2
479.4
3
18.4
150 2
129.8
42 5
l
2
3
Revised.
Season average.
Season average to Apr. 1.
For 5 weeks, other
6
months. 4 weeks.
* Less than 500 bales.
For month shown.
« See "O," p. S-21.
'Comparable margins for Sept. 1967, 78.50 cents; see note "*."
§ Data beginning Aug. 1965 for knitting yarn and Aug. 1966 for denim are not strictly
comparable with earlier prices.
A Revised data (1963-66) appear in U.S. Dept. Agriculture Sept. 1967 COTTON SITUATION.
9 Includes data not shown separately.
3
953
9 238
607
(4)
22.0
21.9
93
168
636
643.3
713 5
519.4
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, American
system, wholesale price
1957-59—100
Wool broadwoven goods, exc. felts:
Production (qtrly.)
mil lin yd
Suiting, price (wholesale), flannel, men's and
boys', f.o.b. mill
.1 957-59 =100__
T
3 795
99
28.0
129.6
1
.72
.81
3
fi 147
7 7^
6
8
6
52 0 r s 62. 7
37 2 ' 42. 8
5
60. 7
M9.4
AR A
72
81
68
.81
01
r
22 1
36 9
17 6
57
18 6
66
13 9
32
19 0
71
13 9
56
3 323 3
69
15 8
6 3
1.225
.975
1.175
1.213
945
1.175
1.175
.918
1.125
1.175
895
1.125
1.235
975
1 175
1.245
.938
1.175
100.1
98 2
91 0
91 6
91.9
92 5
61 8
1.225
.825
1.125
62 0
102.7
103.2
102.7
102.7
101.5
101.5
101.5
101.5
* New series. Sources: Polyester staple price, U.S. Dept. Labor; wool imports, U.S. Dept.
Agriculture from Bureau of the Census' records. Data are available as follows: Price, back to
1955; noncellulosic yarn and staple—production, to 1951; stocks, to 1953; wool imports, to
1948. Mill margins, beginning Aug. 1966, refer to weighted averages of 71 types of unfinished
carded yarn cloths and to simple averages of 8 combed yarn cloths and 4 polyester-cotton
blends (beginning Oct. 1967, 5 blends); no comparable data prior to Aug. 1966 are available.
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1966
1965
November 1967
Annual
Sept.
1967
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
Apr.
I
1
May
Aug.
Sept.
16, 020
19, 959
18,924
880
1,638
June
July
Oct.
TEXTILE PRODUCTS—Continued
APPAREL
ITosierv, shipments
Men's apparel, cuttings:?
Tailored garments:
Suits
Overcoats and topcoats
thous. doz. pairs
194 753
210 425
19 095
19,938
20 096
15 873
18, 323
19 296
19 234
17 856
18, 990
19, 879
thous. units
- - .do
21,855
3,980
20 715
3,799
1, 688
414
1 826
330
1 736
283
1 436
238
1 462
226
1 537
997
1 724
331
1,532
365
1,538
390
1,726
395
'278
359
12 291
142 348
13, 148
145 673
1,064
13 122
1,079
11 846
1 055
11 649
1,080
10 491
1 103
11 038
1,055
10 994
1 176
12 329
1,090
10 571
1, 115
11 ^(W
1,084
12,019
'623
'8,923
1,030
12 057
28,211
27, 827
2,373
2, 392
2,446
2,207
2,382
2,477
2,469
2,129
2, 070
2,061
r 1, 504
2,258
4 862
3 906
5 909
4 096
520
354
533
339
520
331
591
288
531
325
552
348
648
372
596
314
636
669
341
25, 274
282 071
11/859
24, 595
271 107
10, 510
2.109
21 523
791
2,401
23 144
918
2, 168
20 784
932
1,680
18 311
762
2,075
22 292
984
1,918
24 592
881
1,259
30 453
'831
923
27 523
563
1, 419
°5 359
17 047
10 225
1 238
824
1 196
992
1 055
764
111
593
1 151
756
1 205
710
1 350
799
1 267
786
1 206
791
i^i
_
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. linits-Dresses
.
do
Suits...
_ _
do
Blouses, waists, and shirts
Skirts
thous. doz
do
18 072
8 876
T
601
'441
' 232
331
604
328
1, 776 ' 1, 759
2,192
23, 693 '19,256 25 071
' 760
834
944
'954
r
794
1,173
802
1,212
794
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
22, 181
14, 571
20, 099
17, 016
12, 535
27, 223
16,351
24,219
20, 227
14,530
9,087
5,621
8,366
5, 099
3,734
5,908
3,819
5, 449
5, 455
3,921
5,193
3,613
4 586
5, 171
3 717
6,996
4,279
6,463
5, 887
4,058
Backlog of orders, end of period 9
do
U.S. Government
do
Aircraft (complete) and parts
do
Engines (aircraft) and parts
do
Missiles, space vehicle systems, engines, propulsion units, and parts
mil $
Other related operations (conversions, modifications), products, services...
mil. $
20, 383
13, 695
8, 885
2,502
27, 547
15,711
14,655
3,824
26,868
15,736
13,887
* 3, 576
27,547
15,711
14,055
3 824
30, 754
15 975
17,446
3,861
28, 463
15, 668
15, 479
3,677
5, 481
4,510
4,7/8
4 510
4,740
4 701
1,855
2,492
2,363
2,492
2 668
1, 592. 0
do
thous. l b _ . 32, 200
mil. $
473.0
2, 087. 0
43, 983
553. 7
149.4
3,448
29.2
148.4
3,040
66.6
159.3
3,384
23.5
198.2
4,019
53.7
135.0
3,593
42,9
141.2
3, 016
53.3
261.8
5,134
78.7
224.9
4,329
62.3
262.0
4,984
55.2
259. 8
4,803
71.9
' 220. 9
M,133
52.4
281.5
4,923
46.3
11.057.4 10, 329, 5
10.716.6 9, 943. 5
9, 305. 6 8. 598. 3
9, 100. 7 S, 336. 9
1.751.8 1,731.1
1. 6.15. 9 1,606.6
747.2
709. 9
621.8
592. 4
125. 5
117.5
985. 3
936. 9
835. 3
797.7
150. 0
139.3
980. 7
928.5
832.6
791. 2
148.1
137. 2
923. 6
878.1
775. 1
740.5
148.5
137.6
797.3
758. 1
651. 2
625. 0
146.1
133.1
660. 2
628. 1
525. 6
501.9
134.6
126.2
833.4
785. 1
884. 1
647. 4
149.3
137. 7
792. 2
749. 4
659. 8
628. 3
132. 4
121.1
898. 3
848.7
750. 3
713.4
148. 0
135. 3
911. 7
865. 2
765. 3
732. 3
146. 4
133. 0
530.8
508. 3
425. 5
410.6
105.3
95.6
324. 2
300. 8
231.6
218. 3
92.6
82.5
710.5 2 750. 0
670. 3
601. 0 "2" 642." 6"
570. 6
109. 5 "2" 108." 7"
99. 7
177. 58
12.72
7S. 64
6.79
10. 70
19 IS
S3
r
. 24
59
74
27 04
28.31
SI
5 9S
,55
1 01
30.31
21.96
.89
7. 08
.46
.88
14. 19
.84
6. 57
.51
1.09
31.41
.96
7, 54
. 53
1.14
26. 69
.81
7. 75
.57
1. 19
25,85
1.33
9. 09
.57
1.19
15. 81
1. 13
S, 24
. 58
1. IS
13.32
. 92
8, S7
.37
.76
10. 69
.93
5.80
.56
.88
21.50
.74
5. 27
.62
.90
858. 1 5
77 3S
.1
2 02
102, 30
.21
6. 70
79. 52
. 33
5. 41)
88.40
.31
7,28
00. 97
.21
6. 00
SO. 00
.45
7.42
94. 40
85. 00
10 H
9^43
7! 44
44.98
. °8
2. 59
OS. 97
.43
5. 58
S. S20
5, 370
2, 89S
7, 483
3, 999
2 227
r 0,492
3, 684
2, 860
7. 507
4, 330
2, 784
& 742. 8
& 65. 4
& 130. 7
b/16.2
J> 83. 9
f> 141.1
*> 543. 5
:> 07. 0
b 119.2
Aircraft (civilian): Shipments©
Airframe weight©
Exports
2,537
85.6
MOTOR VEHICLES
Factory sales, total
Domestic
Passenger cars, total
Domestic
Trucks and buses, total
Domestic
thous
do
do
do
do
do
Exports:
Passenger cars (new), assembled
do
3105.03
Passenger cars (used)
do
i 10. 42
Trucks and buses (new), assembled.
do. ... i 3 159. 67
Trucks and buses (used)
do.
5. 77
Truck and bus bodies for assembly*
do. ....
i 7. 29
Imports:
Passeneer cars (new), complete u n i t s
do
559. 43
Passenger cars (used)...
do
8.00
Trucks and buses, complete units
do
7, 00
Shipments, truck trailers:
Complete trailers and chassis
number.. 103, 756
^ Vans
_ _do _ . .. 65. 909
Trailer bodies, chassis, sold separately
do
14. 653
Registrations-.O
New passenger cars
thous
9 313 9
Foreien cars
do
569. 4
New commercial cars (trucks)..
do
1, 528. 9
42. 96
113,403
1S| 402
5
l'4/o
4)
1 00
«)
3 91
Ml
42
70
10s fri
9 00 j
0, 4< *
975
1 Hi
s 37u
5 602
1,222
8, OS4
5, 274
1,827
8, 322
5J 253
1.05S
10,111
6, 309
2, 377
7, 990
4,829
3, 431
f
r
T
9,008. 5
* 658. 1
1,610. 4
7 •} s
01 i
121 9
12 < 0
732 1
51.7
120.1
sOS ^
50 3
130 8
616. 1
46.4
113. 2
53S. 9
45. 2
108.9
670. 8
57.5
132. 2
786. 1
63.3
144.6
90, 349
07, 944
22, 405
5
7, 446
5, 992
1,454
7, 797
6, 513
1,284
7, 368
5, 757
1,611
8, 244
6, 287
1,957
7,217
5,929
1, 288
8.101
6, 048
2, 053
9, 156
7, 054
2, 102
8,311
6, 466
1,845
0, 344
5,094
1,250
8,45S
7.049
1, 409
5, 686
4. 770
910
6,916
5, 779
1,137
6, 262
4. 344
1,918
7, 000
5, 238
1,768
5, 962
5, 214
748
6, 209
4, 406
1,743
8,401
2, 889
5,512
2,055
1, 743
312
3, 358
2,908
450
5,028
3, 824
1,204
1,728
1,444
284
4, 169
3,244
925
7,314
2, 365
2, 140
6,683
2,338
4,345
4, 665
4, 005
060
"0S07. 4 & 793. 5
70. 0
&60. 7
* 139.0 & 139. 5
RAILROAD EQUIPMENT
Freight cars (ARCI):
Shipments
Equipment manufacturers, total
Railroad shops, domestic
number..
..do
do
77, 896
53, 392
24, 504
r
r
r
r
New orders
Equipment manufacturers, total
Railroad shops, domestic. _.
do
88, 288
do . . ... 65,617
do
22, 671
Unfilled orders, end of period
Equipment manufacturers, total
Railroad shops , d omestic
do
do
do
45, 266
32. 873
12, 393
56,618
40, 426
16, 192
59, 508
46, 407
13,101
57. SS3
45. 32S
12, 555
50. 437
43,781
12, 656
50, 018
40, 420
10, 192
51, 450
38, 943
12, 507
46, 197
35, 293
10,904
42, 055
32, 049
10, 006
34, 960
26,515
8,445
32,493
24,373
8, 120
30, 730
23, 007
7,723
27, 003
20, 301
0,702
26, 483
16, 712
9,771
24,819
16,300
8, 513
Passenger cars: Shipments
do
Unfilled orders, end of per. .-do
201
14
15
83
3
56
0
50
0
83
0
83
0
83
0
83
0
83
0
83
0
83
0
83
0
83
0
83
0
83
< 1,481
5.3
1, 497
4.8
1 , 489
5.0
1,491
5. 0
1, 491
4.7
1,497
4.8
1,496
5.0
1,498
5.1
1,498
5.0
1, 499
5.1
1,490
5.2
1,498
5.2
1,497
5.5
1,496
5.5
1,496
5.4
* 88. 20
< 59. 58
91.58
61.19
90. 20
60. 59
90. 50
GO. 71
90,71
00, 82
91.58
01. 19
91.72
61.31
91.99
61.42
92. 25
0.1.60
92. 51
61. 72
92. GO
01.87
92. 90
02. 04
93.01
62. 14
93.30
62. 30
93. 50
02. 46
Freight cars (revenue), class 1 railroads ( A A R ) . §
N u m b e r owned, end of period
thous. ..
Held for repairs, % of total owned
Capacity (carrying), aggregate, end of period*
mil. tons-...
Average per car
tons. -
99, 930
73, 190
26,. 740
f
3
4
n
ReM c ed
* ^ee note """ for p ^-°l
- I r, in IT t r\ otmnte of ^iodiKtton
Beginning J\n 1905, diM t\ch do f \ p u t s c f i n r o i i< t( (nn iss nt 1 a i t pJts
l
"-<
'i '
V n n i M l t i c t i l i n r h i '( s r t
i l l n i i i ' b\ i >i 1
;M > r t h h n UM< rix for NH f ir t \ i 1 1 1. i i
j i «•
9 J >t i include s 1 K k k g fo»* nr n u l in d prtducK v i <= r\ < ^ -> t d \ isic re*1
& 1 Vita include imlitar> -t 5 j.t pi in-- shij. \ cd to f >r^ en b o\ r i jeiiN
tf^i
537
3
'New series. .Monthly data prior to 1905 are avai able UDOII request.
0 nits two Slates.
OC j u r t e s v c.f R. L . ' l ' o i k & Co.; repu > i i e n f i o n prohibi od.
& O m i t s c ata for one State.
S ^ x c h H e s r Iroad-owned nnv-ite. refri'.vnitor oars and trivate line cars. Effective Apr.
1900, data incliu e ears owned bv three class 11 roads (over 2,000 cars end of Apr. 19601. Also,
chanu r > in de n l i t i o n of cbss f railroads, as stated in 1905c BrsiVESs STATISTICS note, is reflected
in figures beggining Dec. 1965, instead of Jan. 3905.
Corrected.
INDEX TO CURRENT BUSINESS STATISTICS, Pages S1-S40
SECTIONS
General:
Business indicators
Commodity prices
Construction and real estate
Domestic trade
Labor force, employment, and earnings
Finance
Foreign trade of the United States
Transportation and communications
1-7
7,8
9,10
10-12
12-16
16-21
21-23
23,24
Industry:
Chemicals and allied products
Electric power and gas
Food and kindred products; tobacco
Leather and products
25
26
26-30
30, 31
Lumber and products
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and paper products
31
32-34
35,36
36,37
Rubber and rubber products
Stone, clay, and glass products
Textile products
Transportation equipment
37
38
38-40
40
INDIVIDUAL SERIES
Advertising
10,11,16
Aerospace vehicles
40
Agricultural loans
16
Air carrier operations
23
Aircraft and parts
3, 6, 40
Alcohol, denatured and ethyl
25
Alcoholic beverages
8,10, 26
Aluminum
23, 33
Apparel
1,3,4,7,8,10-15,40
Asphalt and tar products
35, 36
Automobiles, etc
1,3-8,10,11,15,19,22,40
Balance of international payments
2
Banking
16,17
Barley.
27
Battery shipments
34
Beef and veal
28
Beverages
4,8,10, 22, 23, 26
Blast furnaces, steel works, etc
5,6,15
Bonds, outstanding, issued, prices, sales, yields
18-20
Brass and bronze
33
Brick
38
Broker's balances
20
Building and construction materials
5,
6,8,10,31,36,38
Building costs
9,10
Building permits
9
Business incorporations (new), failures
7
Business sales and inventories
4,5
Butter
27
Cans (tinplate)
33
Carloadings
24
Cattle and calves
28
Cement and concrete products
8-10,38
Cereal and bakery products
8
Chain-store sales, firms with 11 or more stores. . .
12
Cheese
27
Chemicals
4-6,8,13-15,19,22, 23, 25
Cigarettes and cigars
8,30
Clay products
8,38
Coal
4,8,22,24,35
Cocoa
23,29
Coffee.
23,29
Coke
24, 35
Communication
2,15,20,24
Confectionery, sales
29
Construction:
Contracts
9
Costs
9,10
Employment unemployment hours, earnings. . . 12-15
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
3,4
Consumer price index
7
Copper
23, 33
Corn
27
Cost of living (see Consumer price index)
7
Cotton, raw and manufactures
7,8,22,38,39
Cottonseed cake and meal and oil
30
Credit, short- and intermediate-term
17,18
Crops
3, 7,27,28,30, 38
Crude oil and natural gas
4,35
Currency in circulation
19
Dairy products
Debits, bank
Debt, U.S Government
Department stores
Deposits, bank
Disputes, industrial
Distilled spirits
Dividend payments, rates, and yields
Drug stores, sales
3,7, 8,27
16
18
11,12,17
16,17,19
16
26
2,3,18-21
11,12
Earnings, weekly and hourly
14,15
Eating and drinking places
11,12
Eggs and poultry
3,7,29
Electric power
4,8,26
Electrical machinery and equipment
3,
5,6,8,13-15,19,22, 34
Employment estimates
12,13,15
Employment Service activities
16
Expenditures, U.S. Government
18
Explosives
25
Exports (see also individual commodities).. . . 1,2,21-23
Express operations
23
Failures, industrial and commercial
7
Fans and blowers
34
Farm income, marketings, and prices
2, 3,7
Farm wages
15
Fats and oils
8,22,29,30
Federal Government
finance
18
Federal Reserve banks, condition of
16
Federal Reserve member banks
17
Fertilizers
8,25
Fire losses
10
Fish oils and
fish
29
Flooring, hardwood
31
Flour, wheat
28
Food products
1,4-8,10,11,13-15,19,22,23,27-30
Foreclosures, real estate
10
Foreign trade (see also individual commod.)
21-23
Foundry equipment
34
Freight carloadings
24
Freight cars (equipment)
4,40
Fruits and vegetables
7,8,22
Fuel oil
35,36
Fuels
4, 7, 8, 22, 23, 35,36
Furnaces
34
Furniture
3,4,8,11-15,17
Furs
23
Gas, output, prices, sales, revenues
Gasoline
Glass and products
Glycerin
Gold
Grains and products
Grocery stores
Gross national product
Gross private domestic investment
Gypsum and products
4,8,26
1, 35,36
38
25
19
7,8,22,24,27,28
11,12
1
1
8,38
Hardware stores
11
Heating equipment
8,34
Hides and skins
8,30
Highways and roads
9,10
. 2 8
Hogs.
8
Home electronic equipment
10
Home Loan banks, outstanding advances.
10
Home mortgages
Hosiery
40
24
Hotels
13-15
Hours of work per week
1,4,7,8,10-12
Housefurnishings
4,8,11,34
Household appliances and radios....
Housing starts and permits
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 and money rates
17
Inventories, manufacturers' and trade
4-6,11,12
Inventory-sales ratios
5
Iron and steel
3, 5,6,8,10,15,19,22, 23,32,33
Labor advertising index, strikes, turnover
16
Labor force
12
Lamb and mutton
28
Lard
28
Lead
33
Leather and products
3,8,13-15, 30, 31
Life insurance
18,19
Linseed oil
30
Livestock
3,7,8,24, 28
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
10,16,17,20
Lubricants
35,36
Lumber and products
3,8,10-15,19, 31
Machine tools
34
Machinery
3,5,6,8,13-15,19,22,34
Mail order houses, sales
11
Man-hours, aggregate, and indexes
14
Manmade fibers and manufactures
8, 39
Manufacturers' sales (or shipments), inventories,
orders
4-6
Manufacturing employment, unemployment production workers, hours, man-hours, earnings. . . 12-15
Manufacturing production indexes
3,4
Margarine
29
Meat animals and meats
3, 7,8,22, 23,28
Medical and personal care
7
Metals
3-6,8,19,22,23,32-34
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
1,3-8,10,11,15,19,22,40
Motors and generators
34
National defense expenditures
1,18
National income and product
1,2
National parks, visits
24
Newsprint
23,37
New York Stock Exchange, selected data
20,21
Nonferrous metals
3,8,19,22,23,33,34
Noninstallment credit
17,18
Oats
Oil burners
Oils and fats
Orders, new and unfilled, manufactures'
Ordnance
27
34
. 8,22,29,30
6
13-15
Paint and paint materials
Panama Canal traffic
Paper and products and pulp
8,25
24
3,
5,6,8,13-15,19,23,36,37
Parity ratio
7
Passports issued
24
Personal consumption expenditures
1
Personal income
2, 3
Personal outlays
2
Petroleum and products
4-6,
8,11,13-15,19,22,23,35,36
Pig iron
32
Plant and equipment expenditures
2,20
Plastics and resin materials
25
Population
12
Pork
28
Postal savings
17
Poultry and eggs
3, 7,29
Prices (see also individual commodities)
7,8
Printing and publishing
4,13-15
Profits, corporate
2,19
Public utilities
2-4,7-9,13,15,19-21
Pullman Company
24
Pulp and pulpwood
36
Purchasing power of the dollar
8
Radiators and convectors
34
Radio and television
4,10,11, 34
Railroads
2,13,14,15,20,21,24, 40
Railways (local) and bus lines
15,23
Rayon and acetate
39
Real estate
10,17,18
Receipts, U.S. Government
18
Recreation
7
Refrigerators and home freezers
34
Rent (housing)
7
Retail trade
4,5,7,11-15,17,18
Rice
27
Roofing and siding, asphalt
36
Rubber and products (incl. plastics)
4-6,
8,13-15,23,37
Saving, personal
Savings deposits
Securities issued
Security markets
Services
Sheep and lambs
Shoes and other footwear
Silver
Soybean cake and meal and oil
Spindle activity, cotton
Steel (raw) and steel manufactures
Steel scrap.
Stock prices, earnings, sales, etc
Stone, clay, glass products
Stoves and ranges
Sugar
Sulfur
Sulfuric acid
Superphosphate
2
17
19,20
20,21
1, 7,13,15
28
8,11,12, 31
19
30
39
32,33
32
20,21
3-5,8,13-15,19, 38
34
23,29
25
25
25
Tea imports
29
Telephone and telegraph carriers
15,24
Television and radio
4,10,11, 34
Textiles and products. . 3, 5,6,8,13-15,19,22, 23,38-40
Tin
23,33
Tires and inner tubes
8,11,12, 37
Tobacco and manufactures
4-8,10,13-15, 30
Tractors
22, 34
Trade (retail and wholesale)
4, 5,11,12
Transit lines, local
15,23
Transportation
1,2,7,13,15,23,24
Transportation equipment
3-6,13-15,19,40
Travel
23,24
Truck trailers
40
Trucks (industrial and other)
34,40
Unemployment and insurance
U.S. Government bonds
U.S. Government
Utilities
12,16
16-18,20
finance
18
2-4,9,13,15,19-21,26
Vacuum cleaners
Variety stores
Vegetable oils
Vegetables and fruits
Veterans' benefits
Wages and salaries
Washers and driers
Water heaters
Waterway traffic
Wheat and wheat
Wholesale price indexes
Wholesale trade
Wood pulp
Wool and wool manufactures
Zinc
34
11,12
30
7,8,22
16,18
flour
2,3,14,15
34
34
24
28
8
4,5,7,13-15
36
7,8,23,39
33,34
UNITED STATES
POSTAGE AND FEES PAID
U.S. GOVERNMENT PRINTING OFFICE
GOVERNM!
D I V I S I O N OF PUBLIC
DOCUMENTS
WASHINGTON, D.C. 20402
First-Class Mail
OFFICIAL BUSINESS
Still Available
All Eight Volumes of...
GROWTH PATTERNS
IN EMPLOYMENT
BY COUNTY,
1940-1950 and 1950-1960
These eight volumes deal with employment and changes in employment for the counties and States of the eight major regions of the United States. The change in employment for each county is shown with the amount by which it exceeds or falls short
of the national average separated into industrial mix and regional share components.
The influence of each of 32 industries on these employment changes is statistically
detailed.
Prices:
Volume 1
Volume 2
Volume 3
Volume 4
Volume 5
Volume 6
Volume 7
Volume 8
New England
Mideast
Great Lakes
Plains
Southeast
Southwest
Rocky Mountain
Far West
$0. 45
.65
1.50
1.75
2.75
1.50
.75
.60
Orders may be placed witli
the Superintendent of Documents,
U.S. Government Printing Office,
Washington, D.C. 20402,
or with any Field Office of the
U.S. Department of Commerce.
@FedFRASER