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SURVEY OF
CURRENT BUSINESS
NOVEMBER 1971
/ VOLUME 51 NUMBER
11
SURVEY OF CURRENT BUSINESS
CONTENTS
THE BUSINESS SITUATION
Financial Developments
Productivity and Labor Costs
Corporate Profits
Federal Fiscal Position
Consumer Demand
1
3
4
6
6
National Income and Product Tables
Residential Capital in the United States, 1925-70
Production and Employment in October
Sources and Uses of Funds of Nonfarm Nonfinancial
Corporations; Size and Composition of Personal Saving
12
16
27
28
CURRENT BUSINESS STATISTICS
General
S1-S24
Industry
S24-S40
Subject Index (Inside Back Cover)
U.S. Department of Commerce
Maurice H. Stans / Secretary
James T. Lynn / Under Secretary
Harold C. Passer / Assistant Secretary
for Economic Affairs
Office of Business Economics
George Jaszi / Director
Morris R. Goldman / Deputy Director
Lora S. Collins / Editor
Leo V. Barry, Jr. / Statistics Editor
Billy Jo Hurley / Graphics
STAFF CONTRIBUTORS TO THIS ISSUE
Lora S. Collins
Claudia Harkins
Donald A. King
Barbara L. Miles
John C. Musgrave
Thomas R. Robinson
Allan H. Young
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the BUSINESS SITUATION
The first phase of the "new economic
policy" (NEP) has just ended as this
issue of the SURVEY goes to press. The
freeze on wages, prices, and rents has
been replaced by the more flexible, but
more complex, system of guidelines
and controls of Phase II. The NEP has
had visible success in slowing price and
wage increases, and has had an impact
in financial markets, where moderation
of inflationary expectations resulted in
a decline in rates and yields. Recent
financial developments are reviewed in
this article. Also discussed are productivity and labor costs, corporate profits,
the Federal fiscal position, and consumer
demand.
come. The Senate Finance Committee
generally accepted the House Bill,
which contained some modifications of
the President's original proposals. The
House made the proposed tax credit for
investment in machinery and equipment a flat 7 percent; the President had
proposed 10 percent in the first year
and 5 percent thereafter. In a related
action, not requested by the President,
the House reduced the tax advantages
to corporations resulting from the new
depreciation rules set forth by the
Treasury in June. The House approved
the elimination of the automobile
excise tax, but provided somewhat
greater tax relief for individuals than
was requested by the President.
Phase I of the NEP has had visible
success in slowing price and wage increases, and in reducing interest rates
and bond yields. The introduction of
the NEP has also, not surprisingly,
generated considerable uncertainty.
However, this should be dispelled as
the workings of Phase II become clearer,
and the economy's growth rate—which
is still moderate—should be buoyed by
a strengthening of consumer spending
and business inventory investment.
A HE first phase of the "new economic
policy" (NEP) has just ended as this
issue of the SURVEY goes to press. The
temporary freeze on wages, prices, and
rents has been replaced by the more
flexible, but more complex, system of
guidelines and controls of Phase II.
The broad outlines of Phase II can be
summarized by the policy decisions
announced to date. The Pay Board has
adopted a general 5% percent annual
ceiling on increases in wages and benefits. The Price Commission has set
2% percent as the annual ceiling on the
Financial Developments
average price increase economy-wide.
The NEP has had an impact in
It has ruled that price increases will
be allowed only to cover cost increases, financial markets, where moderation
after allowing for productivity gains, of inflationary expectations has reand that price increases which raise the sulted in an appreciable decline in
profit/sales ratio above a base period interest rates and bond yields.
figure will not be permitted. The Com- Financing costs, which had risen
mittee on Interest and Dividends has steadily during the 5 months preceding
set 4 percent per year as a guideline for the President's mid-August introducvoluntary restraint on dividend tion of the new program, are at midNovember as much as 1 percentage
increases.
Those parts of the NEP involving point below their summer highs (chart
tax actions had by mid-November 1).
The decline in interest rates has been
cleared the House of Representatives
and the Senate Finance Committee, generally more pronounced in shortwith action by the full Senate still to term than in long-term markets. This
is the usual tendency in periods when
substantial changes occur in credit
market conditions. In the current situation, it has been reinforced by what
seems to be some easing of monetary
policy plus unusually heavy foreign
central bank purchases of short-term
U.S. Government securities (using
dollars accumulated as a result of
efforts, mainly before August 15, to
stabilize exchange rates).
In early November, the Federal
Reserve System lowered the discount
rate from 5 to 4% percent in recognition of developments in short-term
HHHHOHBBHBBMBH
en ART !
Short- and Long-Term Interest Rates
Percent
10
6 -
1967
1968
1969
1970
1971
• Last data plotted are weekly figures for mid- November.
Data: FRB, HUD,, Moody's, Bond Buyer & Treasury
U.S. Department of Commerce, Office of Business Economics
11-11 - 1
SURVEY OF CURRENT BUSINESS
markets. The decline in market interest
rates also carried through to the prime
rate, which was reduced from 6 to 5%
percent in mid-October and to 5%
percent in early November. The prime
rate had been raised from 5% to 6
percent early in July; prior to that increase, it had been lowered steadily
from the peak of 8% percent reached
during the tight money period of 1969.
In late October, First National City
Bank broke with the practice of adjusting the prime rate only periodically, and adopted a floating rate
pegged one-half of one percentage
point above the rate on 90-day commercial paper. Under the new procedure, the prime rate is adjusted
weekly and is thus a much more
flexible instrument for pricing credit.
Also, tying the prime rate to open
market rates should blunt the criticism which is often directed at the
banking community in periods of rising
interest rates. A few other large banks
have already moved to some form of
floating rate and many are currently
considering its adoption.
Conditions have also eased considerably in longer term markets, and
interest rate reductions have been
broadly based despite heavy borrowing
by the Federal Government and continued records in the volume of new
securities issued by corporations and
by State and local governments. Yields
in mortgage markets, which typically
lag in their response to change in financial conditions, have eased only
slightly. However, there were reports
in October and November of reductions
by both savings and loan associations
and commercial banks in rates on
commitments for conventional mortgages. Reductions in rates on personal
loans were also announced recently by
major banks in New York and California. Lenders are apparently becoming more interested in consumer
business and are adjusting loan rates
more quickly to changes in market
conditions than has been the case in
the past. It is interesting to note that
the recent reduction in consumer loan
rates came at a time when installment
credit was registering exceptionally
strong increases, marking a break from
the sluggish growth of the previous 2
years.
November 1971
The NEP's success in reducing in- Table 1.—Changes in Selected Monetary
Aggregates
flationary expectations in credit mar[Percent, seasonally adjusted at annual rates]
kets has been reflected in higher prices
and lower yields on money and credit
19 70
197 I
market instruments. In the stock
4
market, prices rose in initial reaction
1st 2d 1st 2d months
half half qtr. qtr. ending
to the President's mid-August policy
Oct.
announcement but the averages then
6.3
4.6 6.4 10.0 8.8
began to slide and at mid-November Monetary base
5.4
member bank reserves. 2.6 8.6 12.0 8.0
are registering new lows for the year. Total
1
(money stock) _ . _
4.4 5.2 7.2 10.8
5.4
A number of factors are currently ex- M
M2 (M» plus time deposits at
commercial banks other
erting a depressing influence on stock
3.2 9.0 14.8 14.8
than2 large time CD's)
6.0
(M plus deposits at nonprices; these include a general recogni- MSbank
8.4
thrift institutions) .- 2.8 8.8 15.6 16.8
tion of how slow the pace of economic
NOTE.—Percent changes in 1970 are computed from half
recovery is, reductions in the cash year
averages; percent changes in 1971 are computed from
quarterly
averages.
reserves of large institutional investors,
Source: Federal Reserve Board.
net redemptions of mutual fund shares,
and this year's large volume of new
stock issues. In addition, weakness in available and seeking lower interest
stock prices is probably related to the rates, they run the risk that their
uncertainty that has accompanied the action could undermine longrun price
introduction of the NEP, and to what stability; on the other hand, a slow
appears to be concern among investors rate of monetary expansion aimed at
that Phase II may be more successful slowing inflation could also thwart the
controlling prices than wages, making restoration of full employment.
profit gains weaker than expected.
Monetary policy
Commercial banks
Credit policy was stimulative during
the early months of 1971 and the
monetary aggregates—such as bank
reserves, the monetary base, money
supply, time deposits—recorded unusually strong rates of growth. In
view of the persistence of inflation and
inflationary expectations, the monetary
authorities became concerned over these
gains and resolved in late spring to
slow the monetary expansion. That
decision led to a subsequent broadly
based slowdown in the growth of the
monetary aggregates (table 1).
The introduction of the new economic measures in mid-August has
removed some of the burden of restraining inflationary pressures from the
Federal Reserve System. Since that
time, monetary policy has apparently
become somewhat more expansive: Increases in member bank reserves have
permitted banks to continue to add
substantially to their holdings of loans
and investments while simultaneously
reducing their indebtedness to the
Federal Reserve. However, the monetary authorities face a very difficult
problem in setting the course for policy
over the near future. On the one hand,
in trying to encourage economic
expansion by making credit easily
For most of this year, commercial
banks have been comfortably situated
with respect to reserves, and so have
been able to continue reducing their
reliance on nondeposit sources of funds
(Euro-dollar borrowing, loan sales, and
sales of commercial paper) while making
record additions to their holdings of
loans and investments. Through the
first 10 months of the year, bank credit
increased at a seasonally adjusted
annual rate of almost $47 billion; this
is well above the previous record
expansion of $38 billion in 1968.
In the first half of the year loan
demand was relatively weak and the
expansion of bank credit was mostly in
the form of increased holdings of investments. Banks made exceptionally
large acquisitions of State and local
government securities and added to
their holdings of U.S. Government
securities as well (table 2). However,
in the four months ending in October,
loan demands strengthened, particularly for commerical and industrial and
consumer installment loans, and loan
expansion was responsible for the bulk
of the growth in bank credit. Banks
continued to add substantially to their
portfolios of State and local securities—
SURVEY OF CURRENT BUSINESS
November 1971
Table 2.—Changes in Commercial Bank
Credit l
Billions of dollars, seasonally adjusted at annual rates]
19 70
Total loans and
investments
Loans
Investments
U.S. Government
Other
1971
1st
half
2d
half
1st
qtr.
2d
qtr.
4
months
ending
Oct.
14.2
39.2
56.0
39.2
42.0
14.8
14.8
18.4
15.2
31.5
-.6
-5.6
4.8
24.4
10.8
14.0
37.6
11.2
26.4
24.0
4.0
20.0
10 8
-.6
11 4
1. Adjusted for loan sales.
NOTE.—Changes in 1970 are computed from half year
averages; changes in 1971 are computed from quarterly
averages. Details may not add to total because of rounding.
Source: Federal Reserve Board.
though at a slower pace than in the
first half of the year—but holdings of
U.S. securities were little changed.
Savings and loan associations
Savings growth at savings and loan
associations thus far in 1971 has been
unprecedented. During the first three
quarters, saving deposits increased
$22% billion, seasonally adjusted, which
is twice the growth recorded for full
year 1970, itself a record year. The
associations have allocated part of
these flows to reducing indebtedness
at the Federal Home Loan banks and
adding to their holdings of liquid assets.
The ratio of liquid assets to total
liabilities—a measure of liquidity—
was 10% percent in the third quarter,
up from 9% percent in the fourth quarter
of last year and a low 8% percent in
the fourth quarter of 1969.
The associations have been expanding their lending activity at a record
rate. Mortgage loans increased $17%
billion (seasonally adjusted) in the
first three quarters of this year, compared with $10% billion for full year
1970. The forward commitment activity
of the associations has been extremely
strong, particularly in the first half of
the year, and outstanding commitments
rose to $13% billion in the third quarter
from $7% billion in the closing quarter
of last year. However, the recent increase in lending activity has resulted
in some associations becoming "loanedup"—i.e. unable, under the Federal
Home Loan Bank Board's liquidity
rules, to increase further their mortgage
holdings unless they also increased
their liquid assets. In order to permit
associations to shift funds from liquid
assets to mortgage investments, the
Federal Home Loan Bank Board in
late August reduced the minimum
liquidity requirement from 1% to 7
percent of liabilities.
time and lower paid workers also
tended to hold down the rise in hourly
compensation.
Unit labor costs in the overall private
economy rose only 1.0 percent in the
third quarter, compared to 3.8 percent
in the second; in the nonfarm sector,
unit labor costs rose 2.0 percent, comProductivity and Labor Costs pared to 3.4 percent in the second
quarter.
The wage-price-rent freeze was highly
Labor productivity in the private
economy rose 5.1 percent at an annual effective in holding down compensation
rate in the third quarter, as output in the second half of the third quarter.
increased while man-hours declined It might be noted in this regard that the
(table 3). The decline in man-hours behavior of compensation in the latter
was due to a shortening of the average part of the fourth quarter will reflect
workweek, for employment increased. wage increases suspended during the
The third quarter increase in out- freeze but becoming effective after
put per man-hour exceeded the rise in November 13. These increases will give
the second quarter because of sharp a boost to the level of compensation
gains in agricultural production. Farm which should be registered in the figures
output is a relatively small part of for December.
The behavior of unit labor costs thus
total private output, but it is volatile
far
in 1971 has differed from that genand its swings can have a significant
erally
associated with the early stages
impact on the behavior of the aggreof
economic
recovery. Typically, the
gate. Excluding the farm sector, the
initial
gains
in
productivity following
private economy recorded a produca
trough
in
business
activity exceed
tivity gain of 3.4 percent in the third
increases
in
hourly
compensation,
and
quarter, down from 4.3 percent in the
second. This slowdown centered in unit labor costs decline. In the current
manufacturing, where productivity de- situation, however, compensation has
clined, mainly because of the drop in been increasing consistently more
rapidly than productivity, and unit
steel production.
The annual rate of increase in private labor costs have risen.
economy compensation per man-hour Wage increases under collective barslowed from 7.3 percent in the second gaining
quarter to 6.2 percent in the third. In
The Bureau of Labor Statistics data
the nonfarm sector the rate of increase
on
"major" collective bargaining situslowed from 7.8 percent in the second
ations—those
involving 1,000 workers
quarter to 5.4 percent in the third. The
or
more—cover
only a relatively small
deceleration was due in large part to
segment
of
the
total
work force, but it
the imposition of the wage-price-rent
is
a
highly
visible
segment
and tends to
freeze in August, but a shift in the comset
patterns.
Thus
far
this
year,
"major"
position of employment toward partsettlements have included agreements in
the railroad, apparel, farm machinery,
communications, can, aluminum, copTable 3.—-Productivity and Labor Costs in
the Private Economy
per, and steel industries. Virtually all
of the third quarter settlements covered
[Percent change, seasonally adjusted at annual ratesl
by the BLS data were reached prior to
OutComimposition of the freeze.
pensaput
Unit
Out- Mantion per labor
hours
per
put
In the first three quarters of 1971,
manmancosts
hour
hour
major settlements provided for an
average first-year increase of 11.8
1970: I
-3.0
7.9
— 1.4
9.7
-1.6
II
-2.2
3.1
.8
4.7
1.6
percent
in straight time hourly earnings,
-4.3
6.1
9.4
III
3.1
1.5
-4.5
.2
6.1
6.0
IV. .. . -4.4
virtually the same as the record increase
2.1
8.6
9.0
2.6
1971: I
6.3
registered last year (table 4). The
5.2
3.4
7.3
3.8
II.
1.7
III
5.1
6.2
4.0
1.0
—1.1
large size of the first year increase
reflected
"front loading," i.e., providing
Source: Bureau of Labor Statistics.
SURVEY OF CURRENT BUSINESS
large increases in the first year of
multi-year contracts. There was a
slowdown in the average annual wage
increase over the full life of the contracts, from nearly 9 percent in 1970
to 8 percent this year. This year's
settlements also saw cost of living
escalator clauses included for the first
time in some contracts and reintroduced
in the can, aluminum, and steel
contracts.
Table
4.—Wage Rate Changesl
Collective Bargaining
Under
[Average (mean) annual percent change]
A 11 industries:
Over life of contract
First-year adjustment
Manufacturing :
Over life of contract
First-year adjustment
Nonmanufacturing :
Over life of contract
First-year adjustment
Construction
Over life of contract
First-year adjustment
_
1st 9
1970 months
1971
1968
1969
5.9
7.4
7.6
9.2
8.9
11.9
8.0
11.8
5.2
7.0
6.0
7.9
6.0
8.1
7.1
10 7
6.5
7.8
9.3
10.8
11.5
15.2
9.0
13.0
8.6
8.7
13.1
13.1
14.9
17.6
11.7
13.5
1. Limited to private industry settlements affecting 1,000
or more workers.
Data exclude possible adjustments in wages under costof-living escalator clauses (except guaranteed increases).
Source: Bureau of Labor Statistics.
For manufacturing, the data covering
the first 9 months of 1971 indicate a
faster rate of wage increase this year
than did data for the first six months.
The change in the picture is due to
availability of more information on
settlements reached in the first half as
well as to the inclusion of contracts
concluded in the summer, particularly
the steel contract.
Outside manufacturing, wage increases have been slower this year than
last. The most interesting developments
have occurred in the construction industry, where a system of wage restraints
was instituted at the end of March
under the jurisdiction of the Construction Industry Stabilization Committee
(CISC). Since its inception, this committee has approved 48 major agreements and apparently has been successful in holding down wage increases. The
six major settlements prior to March
29 provided increases averaging 16.9
percent over the life of the contracts,
while the 48 CISC-approved settlements have averaged 11.3 percent.
Deferred increases
Between August 15 and November
13, some 1.2 million workers covered
by 280 contracts were scheduled to get
increases provided by the terms of
those contracts, i.e., deferred increases,
averaging 5.6 percent. Almost onefourth of these contracts provided
scheduled increases of 6 percent or
more, but only about one-tenth of them
called for increases of 8 percent or
more. The Pay Board ruled that such
deferred increases can come into effect
after November 13, provided they are
not "unreasonably" out of line with
the Phase II guidelines, but that the
increases cannot be paid retroactively.
Between November 13 and yearend,
another 1.1 million workers under 86
contracts were scheduled to receive
deferred increases averaging about 3%
percent.
In 1972, deferred increases provided
under existing contracts are expected
to cover more than 5% million workers
and average around 6 percent. However, 1972 will be a much lighter bargaining year than either 1970 or 1971.
The fact that there will be fewer
workers involved in negotiations next
year means that the impact on wages
rates from front-loaded contracts will
be more moderate than in either 1970
or 1971. Moreover, the impact of frontloading may become less important in
the future if the unions return to 1year contracts out of concern over the
possibility of being "locked in" upon
expiration or easing of the Phase II
controls.
Corporate Profits
Corporations' book profits before
taxes were essentially unchanged from
the second quarter to the third. Preliminary estimates by OBE put the
pre-tax total at a seasonally adjusted
annual rate of $83% billion, just a
shade higher than the second quarter
figure. At this level, profits are still
well below the peak rate of $89 billion
reached in the late 1968 but nonetheless
sharply above the rate of only $71%
billion recorded in the depressed fourth
quarter of 1970. That quarter was not
only the cyclical trough but also the
November 1971
period in which substantial losses were
incurred as a result of the auto strike.
The profits rebound this year would
have been even steeper had it not been
for the impact of the liberalized depreciation rules instituted by the
Treasury in June, retroactive to January 1. OBE has estimated that the
resulting upward shift in the level of
capital consumption allowances—and
downward shift in the level of pre-tax
profits—amounted to about $3% billion
(annual rate) in the first quarter of this
year. A detailed discussion of the
estimated impact of the liberalization
was published in the August issue of
the SURVEY. As this issue goes to press,
it appears that Congress may pass
legislation reducing the degree of liberalization. Other things being equal, such
action would lead to upward revision of
1971 profits estimates and downward
revision of capital consumption
allowances.
Book profits include gains or losses
due to differences between the replacement cost of goods taken out of inventory and the cost at which they are
charged to production. These gains or
losses are excluded from the profits
share of national income, their estimated amount being shown in the
accounts as the inventory valuation
adjustment (IVA). Inventory gains
increased about $1% billion from the
second quarter to the third, and profits
on the national income basis fell $1
billion, from $78% billion (seasonally
adjusted annual rate) to $77 # billion.
The rise in the IVA, occurring in a
quarter when the overall rate of price
advance slowed, was mainly the result
of a substantial rise in prices of metals
and metal products in July and August.
These prices figure importantly in the
IVA calculation because metals are
an important component of business
inventories.
The profits of financial institutions
increased about $% billion in the third
quarter, after having fallen by roughly
that amount in the second, but the
profits of nonfinancial corporations fell
more than $1% billion. Aggregate profits of durable goods producers were
down sharply and there was relatively
little strength elsewhere in the nonfinancial sector. The profits weakness
November 1971
SURVEY OF CURRENT BUSINESS
The modest improvement in nonin durables manufacturing centered in
the steel industry, where substantial financial corporations' unit profit this
losses were incurred as production fell year followed five years of nearly unsteeply because users were working off interrupted shrinkage. The shrinkage
their strike-hedge inventories. Another reflected the fact that price per unit,
factor contributing to the overall prof- though rising, was rising less rapidly
its decline was an estimated drop of than unit costs.
In the first half of the 1960's, unit
about $% billion in net profits earned
abroad and remitted to the United costs were virtually stable while prices
States, following a large increase in the crept up very slowly, resulting in a
second quarter. In addition, it is cer- steady expansion of unit profit. The
tainly possible that third quarter profits peak in unit profit was at the end of
were affected by the wage-price-rent 1965, followed by a modest decline.
freeze, which began at mid-quarter. Beginning in early 1968, however, costs
However, there is no way to sort out the rose at an accelerating pace, and even
impacts on corporations' costs and though the rate of price increase also
prices in sufficient detail to determine accelerated, unit profit fell very rapidly.
just what effect the freeze may have
Sources and uses of corporate funds
had on overall profits.
The improvement in profits following
Nonfinancial corporations
the cyclical trough late last year has
The recovery of nonfinancial cor- boosted retained earnings, and the
porations' profits in this year's first growth of capital consumption allowhalf reflected an expansion of real ances has been enhanced by the liberalioutput coupled with an improvement zation of the depreciation rules. These
in profit per unit of output. In the developments have resulted in a sharp
third quarter, real output expanded expansion this year in internal cash
somewhat further but unit profit fell flow. At the same time, corporations
have increased their rate of external
slightly and total profit declined.
Unit profit is plotted on chart 2, borrowing. They have been expanding
along with price and unit costs. The their long term liabilities at a rapid rate
data on that chart are derived from while slowing the growth of short term
OBE's estimates of the gross product debt—at least until the third quarter,
originating in nonfinancial corporations when borrowing from banks went
(shown in table 9 of the national in- up rather sharply. With the rate of
come and product tables in each issue investment in physical assets showing
of the SURVEY). Gross nonfinancial little change, the increase in nonfinancorporate product, or value added, is cial corporations' funds has been reestimated as the sum of factor incomes flected in sizable increases in the
originating in corporations—employee purchase of financial assets. These
compensation, net interest payments, developments have led to an improveand pretax profits (with IVA)—plus ment in the liquidity position of nonother charges against production— financial corporations, which had been
capital consumption allowances, indi- seriously squeezed in 1969-70.
Table 5 shows data on the sources and
rect business taxes (net of subsidies
uses
of nonfinancial corporations' funds.
received), and corporations' transfer
The
figures are condensed from the
payments. The profitability, or unit
Federal
Reserve flow of funds accounts,
profit, measure on chart 2 is useful in
which
combine
information from the
separating changes in real volume from
national
income
and product accounts
changes in unit profit as factors in1
with
information
on financial sources
fluencing total profit.
and uses of funds. The estimates for
the third quarter are tentative.
In the early years of expansion fol1. This unit profit measure is not the same as the profit
per dollar of sales measure commonly used in financial
lowing
the 1961 cyclical trough, when
analysis. Sales are equal to the sum of purchased materials
profits
were
growing steadily, internal
and value added. Value added, or gross product originating,
is equal to the sum of factor costs and other charges listed
funds
just
about
covered physical asset
above, including profits (which may of course be negative,
purchases. The flow of funds from
i.e., losses).
external sources was modest—about
$20 billion annually. However, when
profits stopped growing in the mid1960's, the capital spending boom was
in full swing and the result was a
sharp increase in the use of external
funds. Table 5 shows how credit market
borrowing grew after the middle 1960's.
There was a huge rise in short term
liabilities in 1969, a year of severe
monetary restraint with very high interest rates and intense competition for
credit. That increase led to liquidity
problems and for a while—especially
at the time of the Penn Central bankruptcy petition in the spring of 1970—
some analysts feared the possibility of
a widespread liquidity crisis. Since then,
however, corporations have massively
restructured their liabilities and seem
CHART
Nonfinancial Corporations:
Price, Cost, and Profit Per Unit of Output
Dollars (Ratio scale)
1.4
Price
1.2
\
1.0
1957
61
63
65
67
69
Seasonally Adjusted
NOTE -Price per unit is calculated by dividing current dollar gross
corporate product (GCP)by constant dollar GCP. The other values
are calculated by dividing the several components of current dollar
GCP by constant dollar GCP. Nonlabor cost consists of capital
consumption allowances, net interest, and indirect business taxes
plus business transfers less subsidies received.
U.S. Department of Commerce, Office of Business Economics
SURVEY OF CURRENT BUSINESS
6
Table 5.—Nonfinaiicial Corporations9 Sources and Uses of Funds
November 1971
Consumer Demand
[Billions of dollars; quarterly data, seasonally adjusted at annual rates]
There has been a dramatic spurt this
fall
in sales of new domestic model cars.
1965
1966
1968
1969
1970
1967
IV
I
II
III*
After some months of narrow fluctuation around a level just above 8 million
96.6
108.0
Sources, total
. .
93.1
100.6
103.0
118.1
105.5
118.0
123.7
124.3
units
(seasonally adjusted annual rate),
56.6
61.5
Internal
61.2
59.5
61. 5
61.7
62.4
68.3
71.8
71.6
36.5
39.4
35.2
External
46.3
58.6
44.0
40.5
51.9
49.7
52.7
the
new
car sales rate hit 10% million
20.5
Credit market funds
24.9
29.3
39 1
30.3
38.8
39 2
46.6
52 1
57 1
Long-term ...
.. .. ...
15.6
21.5
17.9
9.3
21.2
32.4
41.2
41.6
50.8
40. 1
units
in
September and 10 million in
Short-term . ...
.
11.2
7.8
9.3
18.0
12.4
6.4
5.0
16.9
-2.0
1.3
Other
15.9
14.5
5.8
16.0
— 2
19.5
5.3
14
—4 4
3. 1
October. Indications are that the rate
92.5
86.5
112.7
Uses, total
101.7
103 7
109 6
85.8
99 1
111 5
111 8
was above 10 million units (seasonally
72.0
Purchase of physical assets
62.8
77.1
84.9
76.1
86.0
87.4
84.2
83.8
91.7
adjusted) in early November. While
Increase in financial assets
15.5
14.6
25.6
23. 1
27.8
19.5
13 1
25.8
19 8
24 4
domestic model sales were booming,
Discrepancy
(uses
less
-8.0
-10.1
-5.4
sources)
-7.2
-6.3
-1.8
-3.9
—8.3 -12.1
-12.5
sales of imports were dropping sharply.
The sales rate of foreign models, which
* Preliminary; partly estimated by OBE.
1. Undistributed profits (after IVA) and capital consumption allowances.
had been running at about \% million
2. Stocks, bonds, mortgages.
3. Bank loans, commercial paper, finance company loans, bankers' acceptances, Government loans.
units during the summer, was slightly
4. Plant and equipment, residential structures, inventories.
Source: Federal Reserve Board; see also page 28 of this issue.
below 1% million in September and
down to about 1% million in October.
now to be in comfortable condition $223.9 billion in the third quarter, up Table 6 shows the recent data in
$3 billion from the second. Civilian perspective.
with respect to liquidity pressures.
There is no doubt that the sharp
spending rose $4 billion; defense purgain
in the domestic model sales rate
chases declined $1 billion. This was the
Federal Fiscal Position
is
due
in some degree to the new
eleventh consecutive quarter of decline
economic
program. The price freeze held
The Federal Government recorded in defense spending, excluding the down prices of 1972 models, and buyers
another large deficit in the third quarter. impact of pay raises for military and have been promised a refund of the
As measured in the national income civilian personnel which interrupted the excise tax if Congress passes the retroaccounts (NIA), the deficit was $21 }£ downtrend twice during this period. active repeal asked by the President.
billion at a seasonally adjusted annual Nondefense purchases of goods and In addition, the new models became
rate, down $1% billion from the second services advanced $2.7 billion, mainly available unusually early this year and
due to heavy buying of agricultural
quarter.
commodities by the Commodity Credit this probably had a stimulative effect
The NEP had no significant impact
Corporation. Net interest paid, revers- on sales. The recent U.S. economic
on the third quarter figures, except for
ing its recent trend, rose $0.6 billion, policy actions may also be responsible
about $0.4 billion (annual rate) added
largely because of rapid growth of the for some share of the decline in foreign
to indirect business taxes by the 10
public debt. The increase in grants-in- car sales, because the import surcharge
percent import surcharge. However,
aid to State and local governments was affects the prices of cars shipped from
passage of the Revenue Act of 1971
also $0.6 billion, but this was a con-abroad after August 15. However,
will result in retroactive revisions of
siderable slowdown from the recent another and evidently quite important
corporate profits tax and indirect busiexpansion rate. Transfer payments and factor is the tight supply situation that
ness tax liabilities in the national insubsidies (less the current surplus of has developed as a result of the West
come accounts.
government enterprises) were essenReceipts in the third quarter tially unchanged.
amounted to $202.6 billion at a seaTable 6.—New Car Sales
sonally adjusted annual rate, up $4.3 GNP revision
[Millions of units; quarterly data, seasonally adjusted at
annual rates]
billion from the second. Personal taxes
On the basis of more complete source
rose $1.6 billion, including $0.4 billion
DomesImport
tic
attributable to a speedup in gift tax data, the estimate of third quarter
Total
models
models
collections. Indirect business taxes in- GNP has been revised up $1% billion to 1966
9.0
8.4
0.7
.- -.
8.3
7.6
.8
creased $1.2 billion—a particularly large $1,060% billion. The largest revisions 19671.0
9.7
8.6
1968
occurred
in
residential
construction
and
9.6
8.5
1.1
1969
advance—mainly due to gains in auto
net
exports,
which
were
raised
$1%
1.2
8.8
7.6
1970:
I
and alcohol tax liabilities, augmented
9.1
II
7.9
1.3
9.0
1.2
7.8
billion
and
$1
billion,
respectively.
III.
by the import surcharge. Contributions
6.9
5.4
1.5
IV
for social insurance rose $1 billion; According to the revised figures, GNP 1971: I
10.0
8.4
1.5
9.9
8.2
1.7
II
corporate tax liabilities were up $0.5 advanced at an annual rate of 7 percent
10.7
1.7
9.1
III
billion.
in the third quarter and real output
12.3
10.8
1.5
Sept
._- .
10.0
1.4
11.3
Oct
Total Federal expenditures at a (GNP adjusted to exclude price
seasonally adjusted annual rate were changes) at a rate of 4 percent.
NOTE.—Detail may not add to total because of rounding.
1970
!
2
3
4
1971
November 1971
SURVEY OF CURRENT BUSINESS
Coast dock strike that ran from the Retail sales
summer into October and East and
Incomplete data suggest that retail
Gulf Coast strikes that began in sales in the auto group dropped slightly
October.
in October after huge gains in August
A strengthening of consumer con- and September. However, there apparfidence and willingness to spend, which ently were sales gains in October at
the new economic policy is intended to both other durable goods stores and
foster, would support a continued good nondurables stores. In September, sales
showing in new car sales. It is highly of nonauto durables fell slightly and
unlikely, however, that sales will persist nondurables sales were unchanged, but
in running at a total rate well above 10 both aggregates had registered large
million units for domestics and im- increases in August.
ports combined. The auto manufacturThe monthly estimates of retail sales
ers have to date assessed the situation are being revised back to January 1968.
cautiously. Through mid-November, The revised estimates show total retail
fourth quarter production—actual and sales this year running at a level about
scheduled—was little different from 3 percent higher than the sales total
what had been planned before the shown by the old estimates. With requarter began. If sales remain strong, spect to sales growth, however, the
new figures show a somewhat weaker
inventories at yearend will be down
picture for 1971 than the old figures did.
sharply from their autumn level.
For most months, the revised figures
indicate a smaller percentage gain, or
Installment credit
larger percentage decline, than preAcceleration this year in the use of viously indicated. This pattern holds
installment credit presumably reflects for total retail sales and for the major
an increase in consumer's willingness to components—auto group, other durspend. Substantial growth in the vol- ables, nondurables. On a quarter-toume of auto credit has figured impor- quarter basis, the old sample showed
tantly in the speedup, but gains in total sales rising 4.2 and 4.0 percent in
credit for other goods as well as in the first and second quarters, respecpersonal installment loans have also tively. The new sample shows increases
been accelerating. In the third quarter, of 4.0 and 2.6 percent, respectively.
The revisions result from introduccredit in all three major categories
tion
of a new sample design, incorregistered gains that were at least as
porating results of the 1967 Census of
large as those being recorded before
Business, and improved processing techthe 1969-70 economic contraction niques. Sales data for the past year on
(table 7).
the revised basis can be found on page
S-ll of this issue of the SURVEY. The
estimates of retail sales for the period
Table 7.—Net Change in Outstanding
Consumer Installment Credit
back to January 1968 will be published
[Billions of dollars; quarterly data, seasonally adjusted
in the December issue. That issue will
at annual rates!
also carry revised estimates of retail
Other
inventories,
which are prepared by
Total
Auto
conOther i
sumer
OBE
on
the
basis of Census Bureau
goods
data.
1966
1967
1968
1969
1970:
6
3
9
8
III.
Ill
IV
1971: I..
II
Ill
2
4
0
3
40
46
41
—1.5
27
67
10 3
19
2
34
25
(2)
2
— 6
—4 4
4
23
37
2 4
14
25
27
19
18
31
31
2 4
23
24
18
6
18
28
17
21
23
12
18
26
39
1. Mainly personal loans; also includes home repair and
modernization loans.
2. Less than $50 million.
NOTE.—Detail may not add to total because of rounding.
Source: Federal Reserve Board.
Personal income
Personal income was virtually unchanged from September to October.
The aggregate iiicreased less than $1
billion (seasonally adjusted annual
rate), after having risen $3.9 billion
in September. The wage-price-rent
freeze was a factor holding down
income in both months.
(Continued on page 27)
CHART 3
Industrial Production
Index, 1967=100 (Ratio scale)
120
-
100
140 -
120 .-
100
EQUIPMENT
120
Business
100
Defense and Space
80
60
140
_ INTERMEDIATE PRODUCTS
120
x
Construction
- All Other
100
1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 n 11
140 -
120 -
100
60 -
1968
1969
1970
1971
1972
Seasonally Adjusted
Data: FRB
U.S. Department of Commerce, Office of Business Economics
SURVEY OF CURRENT BUSINESS
8
November 1971
mm
•
•
•
•••>'•'••
In October: Unemployment rate edged down to 5.8 percent
Nonfarm payroll employment unchanged
Wholesale prices down 0.1 percent
PRICES
THE LABOR MARKET
TOTAL PRODUCTION
Million Persons
Percent
85
16
IMPLICIT PRICE DEFLATOR FOR GNP*
(Change From Previous Quarter)
CIVILIAN LABOR FORCE AND
EMPLOYMENT*
83
Labor Force
81
900
Hlllillln
79
-
Quarterly (III)
Monthly (Oct.)
Quarterly (III)
BLS
Percent
Billion $
QBE
1967 = 100
140
40
CURRENT DOLLAR GNP**
(Change From Previous Quarter)
30
130
~
20
120
-
110
-
11 lull,
2
-
100 I i I i i I I i I i
Quarterly (III)
Monthly (Sept.)
QBE
Billions
Million Persons
850
76
800
Total
700
Inventory
Change
68
Man-Hours*
(right scale)
Final Sales
120
WHOLESALE PRICES
NONFARM ESTABLISHMENTS
(Employees)
Employment* (left scale)
\
CONSTANT DOLLAR (1958) GNP*
750
1967 =100
160
150
115
140
110
130
105
60 I I i i i i Ii I I I i I i I i l i I i i i 1 i I i i i i i I i i I i i I 120 100 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
650
QBE
Quarterly (III)
Monthly (Oct.)
Hours
Percent
Monthly (Oct.)
BLS
Dollars
45.0
3.60
BLS
1967=100
120
WHOLESALE PRICES
PRODUCTION OR NONSUPERVISORY WORKERS
(PRIVATE)
42.5
Average Hourly Earnings t.
(right scale)
X
40.0
Average
Weekly Hours
(|eftscale)
Processed Foods
and Feeds
3.40
115
3.20
110
3.00
105
2.80
100 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 l i i i I i i i
x.....*
37.5
35.0
1969
1970
1971
QBE
Quarterly (III)
* Seasonally Adjusted
* * Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Office of Business Economics
1969
1970
Monthly (Oct.)
1971
BLS
1969
1970
Monthly (Oct.)
1971
BLS
9
SURVEY OF CURRENT BUSINESS
November 1971
CHART 5
In October: Personal income rose only $% billion
Domestic-model auto sales rate was a high 10 million units
Housing starts were at an annual rate of 2 million units
CONSUMPTION AND SAVING
INCOME OF PERSONS
FIXED INVESTMENT
Billion $
Billion $
900
100
i
PERSONAL CONSUMPTION EXPENDITURES
PERSONAL INCOME
Producers1 Durable Equipment*
\
75
850
""I""" *
50
800
Nonresidential Structures*
I \
550 -
750
Residential Structures*
700 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
Monthly (Oct.)
500
Billion $
Billion $
Billion $
600
40
100
Total
(left scale)
550
PLANT AND EQUIPMENT EXPENDITURES*
RETAIL STORE SALES*
WAGES AND SALARIES*
OBE
Quarterly (III)
Quarterly (111)
OBE
35
90
V
Total
500
200
80
30
Data being revised by source agency.
450
Manufacturing
(right scale)
i 11 i I i i 11 i I i i i i 11 i i i i i
400
150
25
100
20
70
o Expected
Excluding Automotive Group
1 1 1 i i i i 11 i
i i i i 11 i i i ii
OBE
Monthly (Oct.)
60 I
I
Census
Monthly
I
I
I
I
I
I
Quarterly (IV)
I
I
I
OBE-SEC
Billion $
Million Units
12
CAPITAL GOODS MANUFACTURERS*
NEW CAR SALES*
10
Shipments
\
700 -
New Orders
650 ~
600
Quarterly (III)
Monthly (Oct.)
Trade Sources & OBE
Percent
Dollars
4 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 11 i
Monthly (Sept.)
Census
Million Units
2.5
2,700
PRIVATE HOUSING
REAL PER CAPITA DISPOSABLE
PERSONAL INCOME**
_ (In 1958 Dollars)
2.0
1.5
2,600 -
6 -
2,500
1.0
.5 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
1969
1970
1971
2,400
1969
1970
Quarterly (III)
* Seasonally Adjusted
1971
1969
OBE
* * Seasonally Adjusted, at Annual Rates
Digitized
FRASER
U.S.for
Department
of Commerce, Office of Business
Economics
1970
Quarterly (III)
1971
OBE
Monthly (Oct.)
Census
N<^vember 1971
SURVEY OF CURRENT BUSINESS
10
CHART 6
11
U.S. merchandise trade balance2 shifted to a surplus of $266 million in S(jptember
In third quarter: Record balan ce of pa yments deficits on both net liquid ity and o fficial bases
Federal receipts and expenditures increased; NIA budge t in defi cit by $21 14 billion
11
1
I
FOREIGN TRANSACTIONS
INVENTORIES
GOVERNMENT
Billic n $
Billi on $
Billior
40
12
140
FEDERAL PURCHASES OF
GOODS AND SERVICES**
NET EXPORTS**
CHANGE IN BUSINESS INVENTORIES**
(GNP Basis)
30
8
20
4
10
0
120
Total
Goods and Services
/"
0
Illl -•••!_
t
-4
1
Quarterly (III)
l
i
l
i \A
l
Billic n $
190
6.0
\
Total
^s^T^*^
3.0
i 1 1 ii i i i , i i i i i i 1 1 1 i i i
Monthly (Sept.)
iIi ii 11
Billio T $
Exports
~/*
^.. f
_
0
Monthly (Sept.)
60
1 M 1 1 i 1 II
1 I 1 1 I!
1 11 1 i 1 I1
Monthly (Sept.)
1 1 1 1 11 1 I1 1
i iit i t 1 1 i t t i 1 1 t 11 1 1 1 ii
Monthly (Sept.)
Current Account and
Long-Term Capital
t
i
l
i
l
l
/r""""""^
>
t
i
l
i
l
l
i
l
l
QBE
150
Official Reserve
\\
Transactions Balance
\
Total Manufacturing >^v^
and Trade
\
i i i
Quarterly (III)
STATE AND LOCAL PURCHASES
OF GOODS AND SERVICES**
Balance
-5
1.6
150
QBE
r--~
A
1.8
^>^*~~***s
Expenditures
^^
0
Manufacturing
175
Billio n $
175
BALANCE OF PAYMENTS-
2.0
••».. ,.•••*"*"
200
Quarterly (II)
INVENTORY/SALES RATIOS*
Census
Receipts
i
Bi lion $
5
2.2
nA-
FEDERAL BUDGET**
(NIA Basis)
\
Census & QBE
Ratio
QBE
225
-4
-8
I
250
0
....
i
Billiori $
Manufacturing
Trade
f\
Shipments/;
Census
4
~~
I
ri?
Current Account
80
-
2
BALANCE OF PAYMENTS*
100
l
1
*' Imports
Bil ion $
8
120
l
DEFENSE PRODUCTS*
2.0
MANUFACTURING AND TRADE INVENTORIES*
(Book Value, End of Month)
i
Quarterly (III)
New Orders
\;.
Census & QBE
140
l
3
4.0
160
l
Bil ion $
4
5.0
170
i
60
QBE
MERCHANDISE TRADE*
180
Defense
\
80
Quarterly (III)
Billiori $
150
i
100
Merchandise \- -*\ \ ^
QBE
MANUFACTURING AND TRADE INVENTORIES*
(Book Value, End of Month)
i$
125
100
-10
Data being revised by source agency.
1.4
1 1 1 1 1 I I 1 1 1 1
1 1 1 I 1 1 1 i 1 M
1969
1970
Monthly (Sept.)
* Seasonally Adjusted
1 1 1 1 I i t 1 1 1 1
1971
Census & OB
* * Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Office of
Business Economics
-15
i
l
1969
l
i
l
l
1970
Quarterly (III)
l
i
t
75
i
l
1969
1971
QBE
l
I
I
I
1970
Quarterly (III)
i i i
1971
QBE
Noveanber
1971
SURVEY OF CURRENT BUSINESS
11
> Productivity increased in the third quar ter; the rise in unit labor costs slowed
1
In October, bank credit contin lied to e xpand but money supply declined again
11
Corporate profits (before tax and inclu ding IVA) fell slightly in the thir d quarter
€
1
INDUSTRIAL PRODUCTION
MONEY, CREDIT, AND SECURITIES MARKETS
130
120
260
Nondurable
ftManufactures
~~
^——-^NJotai
__
^~/\
Durable \ )?'*'
Manufactures \f\
i i i i i 1 i i i ii
1 t t 111 1 1 i M i t 1 M I 1t 111
420
-
380
T
340
/InfA
»»««la\
S]
s^
^^^
100
- 220
80
200
60
180
40
Before Taxes
/
^**
,**
-
Money Supply
(right scale)
1 1 1 1 ! 1 i 1 1 1 1
= 100
1 1 1 1 i 1 1 1 1 1 1
1 t 1 1 1 1 1 I 1 1 1
Monthly (Oct.)
125
100
i
Per cent
1
80
0
60
-2
1 1 1 1 1 1 1 1 1 1 1
! 1 1 1 1 1 1 1 1 1 1
~
70
6
i
i
l
i
t
4
1941
140
DURABLE GOODS MANUFACTURERS*
~
.^vhjr " .
f
'"*••.
3-month Treasury Bills \
_J
i i i i t i i t i i i i i 1 1 i i i i i i i *• i i i/i i i i 1 1 i
0
1970
Monthly (Sept.)
* Seasonally Adjusted
11111 i1 1 iii
1971
* * Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Office of Business Economics
-
\
Outputn
r-j
IjiJlpn^"
J
•
•
BLS
Per< :ent
24
UNIT LABOR COSTS, PRIVATE ECONOMY * *
(Change From Previous Quarter)
16
/^^^^
-
8
0
80
1 1 1 M 1 i 1 11 I
1969
Census
i
QBE
Quarterly (III)
43-10
100 ^X/\ Standard and Poor's 500
60
i
-8
New Orders \/
t i 111 i i11 11
i
Compensation
120
•/s/^S.
i
OUTPUT AND COMPENSATION PER MAN-HOUR,
PRIVATE ECONOMY**
16 - (Change From Previous Quarter)
STOCK PRICES
36
i
Monthly (Oct.)
BiMic>n $
Shipments
-
Quarterly (III)
8
FRB
40
1969
t
Corporate Yields, Moody's Aaa
\
Quarterly ( II)
s/~~~
Perc ent
24
10
8
24
t
FRB
INTEREST RATES AND BOND YIELDS
80
32
Cash Flow
20
i 1 1 1 1 1 1 Ii ( 1
Monthly (Oct.)
RATIO, OUTPUT TO CAPACITY*
i
QBE
40
Per cent
I
1
CORPORATE CASH FLOW AND PROFITS**
12
100
—\ /
1
i
100
FRB
Manufacturing
i
Profits After Taxes
!
i * i i ' 1 I i i M t i i i i 1 i i iU> i i i i i i I i i i i i
Monthly (Oct.)
i
Biilio n $
-1
i
t
I .
75
60
i
Quarterly (III)
FREE RESERVES
r-Steel
'*••/ Autos
l
FRE
Bil ion $
2
INDUSTRIAL PRC)DUCTION*
28
Bank Credit
(left scale)
FRB
150
90
240
460
\^'
Monthly (Oct.)
50
CORPORATE PROFITS AND IVA-
^%.
^^
100
120
BANK CREDIT AND MONEY SUPPLY'
110
1967
Biilio n $
500
INDUSTRIAL PR(AUCTION*
90
PROFITS AND COSTS
Billior i $
J967 = 100
t 1 1 I 1 1 t 1 1i 1
1970
Monthly (Oct.)
1 M I t 1 1 i 11 1
1971
ililL.i...
-8
1969
1970
Quarterly (III)
1971
BLS
SURVEY OF CURRENT BUSINESS
12
November 1971
NATIONAL INCOME AND PRODUCT TABLES
1970
1970
II
III
1971
IV
II
1970
III
1969
II
1970
Seasonally adjusted at annual rates
III
1971
ii
IV
in
Seasonally adjusted at annual rates
Billions of current dollars
Billions of 1958 dollars
Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
Gross national product
.
Personal consumption expenditures
Durable goods..
Nondurable goods
Services
_
929.1
974.1
968.5
983.5
988.4 1, 020. 8 1,043.1 1, 060. 8 724.7
720.0
721.1
723.3
715 9
729 7
738 4
745 5
579.6
615.8
613 8
620 9
624 7
644.6
660.9
672 5 469 3
475 9
477 1
477 9
474 2
484 8
492 3
496 5
89.9
247.6
242 1
88.6
264.7
262 5
90.7
262.9
260.2
90.4
265.5
265 0
84.9
270.9
268 9
97.6
272.0
275.0
100.8
279.8
280.4
104.7 84.8
282.0 202.7
285 7 181 8
81.4
207.3
187 2
83.8
206.5
186 8
82 8
207.3
187 9
76 6
209.7
187 9
86 7
209 2
188 8
89.2
213.2
190 0
92 0
213 2
191 3
137.8
135.3
134.1
138.6
137.3
143.8
152.4
153.6 109.6
102.2
102.7
104.0
101.2
104.7
109.9
109 0
130.4
132 5
132 1
133 5
133 6
140 6
146.7
152 5 103 2
99 9
100 7
100 1
98 1
102 1
105 0
107 6
Nonresidential
Structures
__
Producers' durable equipment
98.6
34.5
64.1
102.1
36.8
65.4
102.1
36.6
65 6
104.8
37.3
67.5
100.8
37.1
63 7
104.3
37.9
66 3
107.0
38.2
68.8
109.3
39.1
70.1
80.1
24.5
55.7
78.6
24.2
54 4
79.4
24.4
55 0
80.1
24.2
55 9
75.5
23.5
52 0
77 5
23.8
53 7
78.7
23.1
55.6
79 2
22 8
56 3
Residential structures
Nonfarm
Farm
31.8
31.2
.6
30.4
29 7
.6
29.9
29 3
.6
28.7
28.1
.6
32.8
32 2
.6
36.4
35.7
.6
39.7
39.1
.6
43.3
42.7
.6
23.1
22 6
.4
21.3
20 9
.4
21.3
20 8
.4
20.0
19 5
.4
22.6
22 2
4
24.6
24 2
4
26.4
26.0
.4
28 5
28 0
4
7.4
7.3
.1
2.8
2.5
.3
2.1
1.8
.3
5.1
4.7
.3
3.7
3.3
.4
3.2
3.0
.2
5.7
5.2
.5
1.1
.3
.8
6.4
6.3
.1
2.3
2.0
.3
2.0
1.7
.3
3.9
3.6
.3
3.1
2.8
.4
2.6
2.4
2
4.9
4.4
.5
13
.6
7
2.0
3.6
4.2
4.0
2.7
4.2
-.5
.5
.1
2.4
2.6
3.2
2.1
2.6
-1.0
.5
55.6
53.6
62.9
59.3
63.2
59.0
63.7
59.7
63.2
60.5
66.1
61.9
66.4
66.9
68.9
68.4
48.5
48.3
52.2
49.8
52.8
50.1
52.4
49.2
51.9
49.8
62.8
50.1
53.0
54.0
55.1
54.5
209.7
219.4
216.5
220.1
223.7
228.2
230.2
234.2 145.6
139.4
138.7
138.2
138.3
137.6
137.1
139.5
99.2
78 4
20.7
97.2
75.4
21.9
96.8
75.1
21.6
96.1
74.2
21.9
95.9
73.2
22.7
96.7
73.0
23.7
95.7
71.8
23.9
97.4
70.8
26.6
73.8
65.4
65.3
63.8
63.2
61.5
60.5
62.5
110.6
122.2
119.7
124.0
127.9
131.5
134.5
136.8
71.9
74.0
73.4
74.3
75.2
76.1
76.6
77.0
Gross private domestic investment
Fixed investment
Change in business inventories.
Nonfarm
Farm
. . .
.
Net exports of goods and services
.. ..
Exports
Imports
Government purchases of goods and services
Federal .
National defense
Other
State and local
_
Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
929.1
974.1
968.5
983.5
988.4 1,020.8 1,043.1 1, 060. 8 724.7
720.0
721.1
723.3
715.9
729.7
738.4
745.
921.7
7.4
971.3
2.8
966.5
2.1
978.4
5.1
984.7 1, 017. 6 1, 037. 4 1, 059. 7 718.2
3.2
6.4
5.7
3.7
1.1
717.7
2.3
719.1
2.0
719.4
3.9
712.8
3.1
727.1
2.6
733.5
4.9
744.
1.
457.3
468.3
468.6
474.9
467.7
483.2
494.6
501.3 389.9
383.0
385.4
387.2
376.7
386.6
393.3
397.
449.9
7.4
465.5
2.8
466.6
2.1
469.8
5.1
464.0
3.7
480.0
3.2
488.9
5.7
500.2 383.4
6.4
1.1
380.7
2.3
383.4
2.0
383.3
3.9
373.6
3.1
384.0
2.6
388.5
4.9
396.
1.
185.3
180.9
4.5
180.2
180.8
—.6
181.8
183.7
—2.0
189.6
184.9
4.7
169.7
173.1
—3.4
191. 8
188.0
3.8
194.2
191.5
2.7
197.4 165.9
198.0 162.1
-.5
3.8
156.1
156.8
—.6
158.8
160.3
-1.5
163.7
160.0
3.7
144.4
147.5
-3.1
161.9
158.7
3.2
163.4
161.1
2.3
165.
165.
272.0
269.0
2.9
288.1
284.7
3.4
286.9
282.9
4.0
285.3
284.9
.4
297.9
290.9
7.1
291.4
292.0
.6
300.4
297.4
3.0
303.8 224.0
302.2 221.4
1.6
2.6
226.9
223.9
3.0
226.7
223.1
3.6
223.5
223.3
.2
232.3
226.1
6.2
224.7
225.3
—.6
230.0
227.4
2.6
231.
230.
1.
Services. ._
377.4
410.3
406.2
413.7
420.6
432.3
439.8
446.1 267.8
273.4
272.3
273.9
274.5
276.1
277.6
278.
Structures. .
94.4
95.5
93.7
94.9
100.1
105.2
108.6
113.4
63.6
63.4
62.2
64.7
67.0
67.4
69.
929.1 974.1 968.5 983.5 988.4 1,020.8 1,043.1 1, 060. 8 724.7 720.0 721.1 723.3 715.9 729.7 738.4
745..
Gross national product
Final sales ..
Change in business inventories
.
.
Goods output .
Final sales
Change in business inventories
Durable goods
Final sales
_
Change in business inventories
.
_
Nondurable goods
Final sales
__
Change in business inventories
_
67.0
Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product
Private
Business
Nonfarm .
Farm .. .
Households and institutions
Rest of the world .
General government
825.3
859.8
854.8
868.3
871.6
899.5
920.1
936.4 664.0
659.4
660.4
662.8
655.4
669.0
677.5
684,
792.5
764 5
28.0
823.4
795 2
28.2
819. 7
790 9
28.8
831.3
804.1
27.1
833.5
806.4
27.1
859.6
831.5
28.1
877.9
849.0
28.9
893.9 643.5
863.1 619.3
30.8 24.2
638.5
614.6
23.9
640.1
616.1
23.9
641.8
618.6
23.2
634.1
609.2
24.9
646.9
622.0
24.9
654.1
629.0
25.0
661.
634.
26.
28.5
31.7
31.0
32.1
33.0
34.2
35.0
35.9
16.5
17.0
16.8
17.0
17.1
17.6
17.7
17.
4.8
5.1
6.6
7.2
6.5
4.0
4.0
3.6
4.0
4.2
4.5
5.8
5.
121.3
122.9
124.5
60.7
60.6
60.7
60.5
60.5
60.8
60.9
61.
4.3
103.8
4.6
114.4
4.1
113.8
115.2
116.8
HISTORICAL STATISTICS
National income and product data for 1929-63 are in The National Income and Product Accounts of the United States, 1929-1965,
Statistical Tables (available at $1 from Commerce Department Field Offices or the Superintendent of Documents; see addresses inside
front cover). Each July SURVEY contains preliminary data for the latest 2 years and final data for the preceding 2. The July 1971 issue has
data for 1967-70. Prior July issues have final data as follows: 1964-65, July 1968; 1965-66, July 1969; 1966-67, July 1970. QBE will provide
on request a reprint of final data for the years 1964-67.
SUEVEY OF CURRENT BUSINESS
November 1971
1970
1969
1970
II
III
13
1970
1971
IV
I
II
III *
1969
1970
Seasonally adjusted at annual rates
II
III
Equals ' Net national product. .
88.2
89.8
95.6
97.3
848.0 886.5 881.6 895.3 898.6
925.2
945.7
Less: Indirect business tax and 85.7 92.9 91.9 94.2 95.8
nontax liability
Business transfer payments.. 3.7 3.9 3.9 4.0 4.1
Statistical discrepancy - - - —4.1 —4.5 —5.8 —3.2 —1.6
Plus: Subsidies less current surplus
government enterprises
1.1
1.7
1.8
1.9
1.7
763.7 795 9 793.4 802.2 802 1
Equals * National income
Less: Corporate profits and inventory valuation adjustment _ 78.6
Contributions for social in54.0
surance
Wage accurals less disburse.0
ments
Plus: Government transfer pay62.2
ments to persons
Interest paid by government
29.0
(net) and by consumers
24.4
Dividends. Business transfer payments _. 3.7
Equals : Personal income
99.3
101.7
4.2
—4.9
4.2
—4 0
1.6
.7
828 3
844 5
999.5
95
Qfii
961.4A
105
105.66
44.33
_2^4
—2 4
.8g
854
854 6g
70.8
71.5
73.0
69.0
75.5
78.3
57.6
57.4
58.4
58.5
63.9
65.0
77
77.2o
gg 2
66.2
—.4
0
0
o
0o
.0 -2.1
II
III *
Table 6.—National Income by Type of Income (1.10)
763 7 795 9 793 4
929.1 974.1 968.5 983.5 988.4 1 020 8 1043 1 1060 8
86.9
I
Billions of dollars
Table 4.—Relation of Gross National Product, National Income,
and Personal Income (1.9)
Less: Capital consumption allow81.1 87.6
ances
-
IV
Seasonally adjusted at annual rates
Billions of dollars
Gross national product
1971
75 6
77 3
77.2
80 7
83 7
92 2
31.7
25.0
3.9
31.1
24.9
3.9
32.2
25.2
4.0
32.4
25.0
4.1
32.0
25.6
4.2
31.7
25 4
4.2
92.5
32
32.44
25'
25 77
4*
3
4.3
750.3 803.6 803.8 809.8 816.7
834.3
854.8
866.1
866
1
Compensation of employees
Wages and salaries.
.
Private
Military
Government civilian
Other labor income
Business and professional
Farm
Rental income of persons
Corporate profits and inventory valuation adjustment
Profits before tax
eno 1 828 3 841 K
OKA
ft
565.5 601 9 598 5 606.5 609 3 627 9 639 5
647 7
509.6 541.4 538.5 545.2 547.2 562.3 572 4
579 0
405.5 426.6 424.4 429.4 429 9 441 2 449 8
19.0 19.4 19.5 19.2 18.6 19 2 18 6
85.1 95.5 94.5 96.6 98.6 101.8 104 0
454 0
18 0
106 9
Supplements to wages and salaries. . 56.0
Employer contributions for social
27.8
insurance
Proprietors' income
OAO O
60.5
60.0
61.3
62.1
65.7
67.1
68.7
29.6
29.5
30.1
30. 1
33.1
33.7
34 6
28.2
30.8
30.4
31.2
32.0
32.6
33.4
34.1
67.0
66.9
67.6
66.0
65.9
66.0
66 7
68 8
50.3
16.8
51.0
15.8
51.0
16.6
51.4
14.5
51.5
14.4
51.2
14.8
51.5
15.2
51.8
17.0
22.6
23.3
23.2
23.4
23.7
23.8
24 2
24.5
78.6
70.8
71 5 73.0
69 0
75.5
78 3
77 2
. . . 84.2
75.4
75.8
78.5
71.6
79.1
83.3
83.6
39.7
44.5
24.4
20.0
34.1
41.2
25.0
16.2
34.5
41.3
24.9
16.4
35.6
42.9
25.2
17.7
32.3
39.2
25.0
14.3
36.2
42.9
25.6
17.3
37.4
46.0
25 4
20.5
37.9
45.8
25.7
20.1
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adj ustment
Net interest
-5.5 -4.5 -4.2 -5.5 -2.6 -3.5 -5.1
29.9
33.0
32.6
33.4
34.2
35.0
35.8
-6.4
36.4
Table 5.—Gross Auto Product in Current and Constant Dollars
(1.15, 1.16)
Table 7.—National Income by Industry Division (1.11)
Billions of current dollars
Gross auto product *
All industries, total
30.6
35.2
34.1
22.0
42.1
40.0
43.1
Personal consumption expenditures. 31.7 28.0
Producers' durable equipment... 5.6 4.9
Change in dealers' auto inventories.
.1 -.9
29.9
5.3
1.1
29.6 23.5
5.2
4.1
.5 -3.6
33.9
6.0
4.1
34.5
6.1
1.4
37.5
6.6
1.6
-1.1 -1.8 -1.4 -1.6 -2.3
2.0
2.2
2.2
2.4
1.4
3.4
3.7
3.7
3.8 3.7
-2.2
2.6
4.8
-2.3
2.7
5.0
-3.0
2.9
5.8
36.7
7.9
34.1
8.2
38.4
7.9
Net exports
Exports
Imports
36.6
- - - .
..
Addenda:
New cars, domestic 2 _ _ .
New cars, foreign
32.2
5.6
26.0
6.3
30.3
6.7
30.2
5.5
17.1
6.5
Billions of 1958 dollars
Gross auto product 1
28.3
33.0
31.6
19.6
36.8
34.7
37.3
Personal consumption expenditures. 30.3 25.9
Producers' durable equipment... 5.4 4.6
Change in dealer's auto inventories . .1 -.9
28.0
5.0
1.1
27.4 21.1
4.9
3.7
.5 -3.4
29.5
5.3
3.8
29.9
5.3
1.2
32.4
5,8
1.5
-1.1 -1.7 -1.3 -1.5 -2.2
2.2
2.1 1.3
2.4
1.9
3.3 3.6
3.7
3.6
3.5
-2.0
2.4
4.4
-2.1
2.4
4.6
-2.7
2.6
5.3
Net exports
Exports
Imports
35.0
Addenda:
New cars, domestic 2.
New cars, foreign
31.4
5.5
24.7
6.0
29.0
6.4
28.6
5.2
15.8
6.0
32.9
7.1
30.5
7.3
34.1
7.1
1. The gross auto product total includes government purchases.
2. Differs from the gross auto product total by the markup on both used cars and foreign
cars.
*Third quarter 1971 corporate profits (and related components and totals) are preliminary
and subject to revision next month.
O - 71 - 2
Digitized448-091
for FRASER
763 7 795.9 793.4 802.2 802.1 828.3 844.5
Agriculture, forestry, and fisheries
Mining and construction
Manufacturing
Nondurable goods
Durable goods
24.8 24.6 25.2 23.2 23.3 23.9 24.4
47 5 49 4 48 9 49.5 50.3 50.3 51 6
221 9 217.7 220.1 219.9 210.1 223.3 226.9
85.7 87.4 86.9 87.9 87.8 89.3 91.2
136.2 130.3 133.2 132.0 122.4 134.0 135.6
Transportation
Communication
Electric, gas, and sanitary services
Wholesale and retail trade
28.8 29.5 29.0 29.9 30.0 31.7 32.1
15.7 16.9 16.8 17.2 17.3 17.0 17.2
14.1 14.4 14.2 14.6 14.8 14.8 15.5
114.8 122.1 121.6 123.1 124.7 126.6 129.9
854.6
Finance, insurance, and real estate
82.8 87.0 85.5 88.3 90.9 92.4 93.8
94.6 103.2 102.2 104.0 106.2 108.5 110.1
Services
Government and government enterprises
114.3 126.5 125.9 127.7 129.4 134.1 135.9
7.2
4.1 4.8
5.1 5.6
4.6
4.3
Rest of the world
Table 8.—Corporate Profits (Before Tax) and Inventory Valuation
Adjustment by Broad Industry Groups (6.12)
77.2
78.6
70.8
71.5 73.0
69.0
75.5
78.3
Financial institutions
12.1
12.8
12.1
13.5
14.0
14.1
13.6
14.2
Non financial corporations
66.5
58.1
59.4
59.5
54.9
61.4
64.7
63.0
36.0
17.5
18.4
29.5
16.6
13.0
31.5
16.5
14.9
30.6
16.8
13.8
25.0
16.2
8.8
32.4
16.4
16.0
33.3
17.3
16.1
10.0
20.6
8.0
20.6
7.8
20.1
7.9
20.9
8.1
21.9
7.3
21.6
7.7
23.6
All industries, total
Manufacturing
Nondurable goods .
Durable goods
Transportation,
communication,
and public utilities
All other industries
14
SURVEY OF CURRENT BUSINESS
1970
1969
1970
II
November 1971
1971
III
IV
I
II
1970
III *
1969
1970
Seasonally adjusted at annual rates
Table 9.—Gross Corporate Product (1.14)
526.3 541.6
Net interest
540.1 547.6 544.3 568.6 579.8
56.2
55.7
56.7
58.0
62.6
64.0
52.2
51.9
52.8
53.4
55.6
56.9
350.5 366.0 364.2 368.8 367.9 378.9 386.1
311.1 324.2 322.9 326.5 325.2 333.9 340.2
39.4 41.8 41.3 42.3 42.7 45.0 45.9
1.2
1.1
1.2
1.1
1.0
1.0
Gross product originating in
financial institutions
91.3
68.9
92.6
69.8
92.6
69.6
94.8
71.8
92.3 100.4 103.5
69.6 77.2 81.2
24.3
25.4
24.6
26.1
26.9
Gross product originating in
nonfinancial corporations
502.0 516.2 515.5 521.5 517.4
Capital consumption allowances
Indirect business taxes plus transfer
payments less subsidies
Income originating in nonfinancial
P
Wages and salaries
Supplements
Net interest
Corporate profits and inventory
valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment..Cash flow, gross of dividends
Cash flow, net of dividends
27.7
55.7
60.2
61.5
47.1
49.9
49.5
50.4
50.9
52.9
54.1
405.5 412.2 412.4 416.5 410.7 427.8 436.5
330.5 344.2 342.7 346.9 345.4 355.7 362.1
293.7 305.2 304.2 307.4 305.6 313.9 319.4
36.9 39.0 38.6 39.5 39.8 41.9 42.7
15.4
15.8
16.2
62.1 53.3 55.0 54.6 50.0 56.3 58.1
67.6 57.8 59.3 60.1 52.6 59.8 63.2
33.4 27.1 27.7 28.2 24.8 28.9 30.4
34.2 30.7 31.5 31.9 27.8 30.9 32.8
20.9 21.1 21.2 21.2 20.9 21.4 20.5
13.3
9.6 10.3 10.7
6.9
9.6 12.3
—5.5 —4.5 —4.2 —5.5 —2.6 -3.5 -5.1
83.8
62.9
84.8
63.7
85.2
63.9
86.5
65.3
83.5
62.7
Other labor income
342. 5
'
f ;£• «
•
o
a?'?
91.1
69.8
94.3
73.8
62>
ws.b
00 _
365.
0
321. 5
43. 5
166
Capital consumption allowances ,
Indirect business taxes plus transfer
payments less subsidies
Compensation of employees
Net interest
.115
.127
.125
1.220
.128
1.242
.134
.139
.141
579.0
206.8
161.7
140.1
107.1
125.0
32.0
32.6
33.4
34.1
Business and professional
Farm
67.6
51.0
16.6
66.0
51.4
14.5
65.9
51.5
14.4
66.0
51.2
14.8
66.7
51.5
15.2
68.8
51.8
17.0
Rental income of persons .
Dividends
22.6
24.5
58.8
23.3
25.0
64.7
23.2
24.9
63.7
23.4
25.2
65.6
23.7
25.0
66.7
23.8
25.6
67.0
24.2
25.4
67.4
24.5
25.7
68.8
insurance
-
65.9
79.6
81.1
81.2
84.8
87.9
96.4
96.9
33.0
38.5
41.4
39.0
39.4
40.7
47.0
45.6
2.1
8.3
22.5
3.9
9.7
27.4
3.6
9.5
26.7
4.2
9.9
28.1
5.1
10.4
29.8
5.0
11.0
31.1
6.1
11.4
31.9
6.3
11.5
33.4
26.3
28.0
27.8
28.3
28.4
30.9
31.3
31.6
Less: Personal contributions for
anrtnl inanr<anr><>
ft
Less: Personal tax and nontax payments
116.2 115.9 118.0 113.5 115.2 112.7 114.0
116.9
Equals : Disposable personal income. . 634.2
.
687.8 685.7 696.2 701.5 721.6
740.8
749.2
596.3 633.7 631.5 638.9 643.0 663.2 679.3
Personal consumption expenditures.. 579. 6 615.8 613.8 620.9 624.7 644.6 660.9
Interest paid by consumers
15.8 16.9 16.8 17.1 17.4 17.7 17.9
Personal transfer payments to for1.0
eigners
.9
1.0
.9
.9
.9
.9
691.5
672.5
18.0
Equals : Personal saving
Personal saving r ate , 3 percent
58.4
1.0
60.9
57.7
513.5 531.5 533.0 536.0 532.5 542.7 551.8
3,130 3,358 3,353 3,395 3,410 3,498 3, 583
2,535 2,595 2,606 2,613 2,588 2,631 2,669
553.2
3,614
2,669
37.9
21 ' o
6.0
54.1
7.9
54.2
7.9
57.4
8.2
58.5
8.3
8.1
8.2
12^0
95.9
74.9
Table 11. — Personal Consumption Expenditures by Major Type (2.3)
Personal consumption expendi579.6 615.8 613.8 620.9 624.7 644.6 660.9
tures
438. 5
1.272
.143
.109
.768
.030
.117
.810
.035
.116
.801
.034
.118
.811
.035
.122
.829
.037
.122
.824
.037
.124
.829
.037
. 8o2
•038
Corporate profits and inventory valuation adjustment
.144
Profits tax liability.
. .078
Profits after tax plus inventory valuation adjustment— .067
.125
.064
.129
.065
.128
.066
.120
.059
.130
.067
.133
.070
•J3g
.062
.064
.062
.060
.063
.064
88.6
90.7
90.4
84.9
97.6 100.8
40.4 37.1
Automobiles and parts.
- .
Furniture and household equipment. 36.3 37.4
13.3 14.2
Other
39.1
37.6
14.0
38.8
37.0
14.6
32.7
37.6
14.6
44.1
39.5
14.0
89.9
Food and beverages
Clothing and shoes
Gasoline and oil
Other.. ... -.
oeryi
B
Services
«*
Housing
- -
.
- - - ---
TransDortation
other
104.7
49.2
40.6
15.0
247.6 264.7 262.9 265.5 270.9 272.0 279.8
282.0
138.2
57.0
24.3
60.4
139.2
57.3
25.0
60.5
242.1 262.5 260.2 265.0 268.9 275.0 280.4
285.7
84.0 91.2 90.3 91.8 94.1 96.4 98.6
33.7 36.1 35.7 36.7 36.9 37.7 38.6
16.5 17.9 17.6 18.1 18.3 18.6 18.9
107.8 117.3 116.6 118.3 119.5 122.3 124.2
100.7
39.7
19.1
126.3
122.5 131.8 131.4 132.4 134.3 135.1
50.3 52.6 52.1 52.4 54.2 54.9
21.1 22.9 22.6 22.9 23.5 23.8
53.7 57.5 56.9 57.8 59.0 58.3
Table 12.— Foreign Transactions in the National
Product Accounts (4.1)
Exports of goods and services
672.5
45.7
40.4
14.6
55.6
1. Excludes gross product originating in the rest of the world.
2. This is equal to the deflator for gross product of nonfinancial corporations, with the d ecimal
point shifted two places to the left.
3. Personal saving as a percentage of disposable personal income.
*Third quarter corporate profits (and related components and totals) are preliminai y and
subject to revision next month.
866.1
572.4
206.7
161.7
138.3
104.9
122.6
31.2
Nondurable goods
1.253 1.263
562.3
203.2
159.6
135.5
102.6
121.0
30.4
Addenda:
Disposable personal income:
Total,
billions of 1958 dollars
Per capita, current dollars
Per capita, 1958 dollars.
Dollars
Current dollar cost per unit of
1958 dollar gross product
originating in nonfinancial
1.166 1.215 1.205
corporations 2
547.2
198.4
155.1
131.8
99.7
117.3
66.9
51.0
15.8
Durable goods
431.8 437.0
545.6
201.4
159.1
130.7
97.2
116.2
30.8
57 Q
63 5
30 5
oo n
540.6
200.9
158.9
127.9
95.6
116.2
67.0
50.3
16.8
State unemployment
benefits
Veterans benefits
Other
9
Billions of 1958 dollars
Gross product originating in
430.5 425.0 427.7 427.6 416.7
nonfinancial corporations
III
28.2
Old-age, survivors, disability, and
1f1K
540.9 552.0
54.5
15.0
461. 5
389. 3
„„
557. o
53.6
14.6
II
750.3 803.6 803.8 809.8 816.7 834.3 854.8
Wage and salary disbursements
509.6 541.4
Commodity-producing industries.. 197.4 200.7
157.6 158.3
120.0 129.1
Distributive industries
Service industries .
88.1 96.7
Government
104.1 114.8
28. 5
54.1
14.8
Personal income
65. 5
27.8
49.5
12.9
586. 3
1.1
Corporate profits and inventory
74.2 66.0 67.2 68.2 64.0 70.4 71.7
valuation adjustment
79.7 70.6 71.4 73.6 66.6 74.0 76.8
Profits before tax
34.1 34.5 35.6 32.3 36.2 37.4
39.7
Profits tax liability
40.0 36.4 36.9 38.1 34.3 37.8 39.4
Profits after tax
Dividends
- - - 22.4 22.8 23.0 23.0 22.7 23.2 22.2
17.6 13.6 13.9 15.1 11.6 14.6 17.2
Undistributed profits
Inventory valuation adjustment- . —5.5 —4.5 —4.2 —5.5 —2.6 -3.5 -5. 1
Cash flow, net of dividends
I
Table 10.—Personal Income and its Disposition (2.1)
Income originating in corporate busi425.9 433.1 432.6 438.1 432.9 450.3 458.9
ness
Compensation of employees
Wages and salaries
Supplements
IV
Billions of dollars
1
Gross corporate product
III
Seasonally adjusted at annual rates
Billions of dollars
Capital consumption allowances
.. 51.3
Indirect business taxes plus transfer
49.2
payments less subsidies
II
1971
63.8
64.1
63.2
64.6
63.7
64.0
63.2
Income and
66.8
67.1
69.6
66.1
66.4
68.9
55.6
62.9
.9
.9
.9
.9
.7
.7
.7
55.6
63.8
64.1
64.6
64.0
66.8
67.1
69.6
53.6
59.3
59.0
59.7
60.5
61.9
66.9
68.4
Transfers to foreigners
Personal
Governrnent
2.9
.9
2.1
3.1
.9
2.2
3.0
1.0
2.0
3.2
.9
2.3
3.3
.9
2.4
3.1
.9
2.2
3.2
1.0
2.2
3.2
1.0
2.2
Net foreign investment
-.9
1.3
2.0
1.6
.2
1.8 -3.0
-2.0
Capital grants received by the United
States
Payments to foreigners
Imports of goods and services
. ..
SURVEY OF CURRENT BUSINESS
November 1971
1970
1969
1970
II
III
15
1970
1971
IV
I
1969
III*
II
II
1970
Seasonally adjusted at annual rates
Federal Government expenditures
196.9 191.5 193.8 191.3 189.3 195.6 198.3
94.9
36.3
19.0
46.8
92.2
30.6
19.3
49.3
94.5
30.9
89.7
31.9
19.7
50.0
91.0
29.0
19.4
49.8
87.6
32.4
88.4
33.4
202. 6
90. 0
33.9
20.6
55.9
21. 8
56. 9
189.5 205.1 207.9 206.7 209.8 213.2 220.9
223. 9
19.1
49.2
20.6
55.0
Purchases of goods and services
National defense
Other
99.2
78.4
20.7
97.2
75.4
21.9
96.8
75.1
21.6
96.1
74.2
21.9
95.9
73.2
22.7
96.7
73.0
23.7
95.7
71.8
23.9
97. 4
70.8
26. 6
Transfer payments
To persons
To foreigners (net)
52.4
50.4
2.1
63.4
61.2
2.2
65.3
63.3
2.0
64.6
62.4
2.3
67.5
65.0
2.4
69.6
67.4
2.2
77.5
75.3
2. 2
77. 6
75. 3
2.2
Grants-in-aid to State and local governments
20.3
24.4
23.9
24.9
25.9
27.3
29.5
30. 1
Net interest paid
13.1
14.6
14.3
15.0
14.8
14.0
13.4
14 0
Subsidies less current surplus of government enterprises . .
...
4.6
Less : Wage accruals less disbursements
.0
Surplus or deficit (— ), national
income and product accounts
5.5
5.8
5.7
5.7
4.8
4.9
.0 -2.1
-.4
.0
.0
.0
.0
5.5
I
II
III
Index numbers, 1958=100
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
accurals_ - -.
Contributions for social insurance. ..
IV
Seasonally adjusted
Billions of dollars
Federal Government receipts _
III
1971
-22.6 -21.2
7.3 -13.6 -14.1 -15.4 -20.5 -17.5
Table 16.— Implicit Price Deflators for Gross National Product (8.1)
Gross national product
128.21 135.29 134.32 135. 97 138.07 139.88 141. 27 142.31
Personal consu mption expenditures ... 123.5 129.4 128.7 129.9 131.7 133.0 134.3
135.4
- - .. 106.0 108.9 108.2 109.2 110.8 112.5 113.0
122.1 127.7 127.4 128.1 129.2 130.0 131.3
- 133.2 140.2 139.3 141.0 143.1 145.6 147.6
- --
113.8
132.3
149.3
Durable goods _
Nondurable goods
Services
- .
Gross private domestic investment
.
126.4 132.6 131.2 133.3 136.2 137.7 139.7
141.7
123.0 130.0 128.6 130.7 133.6 134.5 136.1
138.0
Structures
141.1 152.0 149.6 154.1 157.9 159.6 165.7
Producers' durable equipment _ . 115.1 120.1 119.3 120.6 122.6 123.4 123.8
171.4
124.5
137.9 142.4 140.9 143.8 144.7 147.9 150.4
137.9 142.5 140.9 143.9 144.8 148.0 150.5
133.2 138.6 138.5 139.4 140.0 141.4 143.7
152.0
152.1
145.9
114.7 120.6 119.8 121.6 121.7 125.2 125.2
110.8 119.2 117.7 121.4 121.5 123.4 123.8
125.2
125.5
Fixed investment
Nonresidential
-
Residential structures .- ...
Nonfarm .. .
Farm
Change in business inventories
Net exports of goods and services. .
Exports
Imports
... .
Government purchases of goods and
services .
..144.0 157.3 156.1 159.3 161.7 165.8 167. S
168.0
134.4 148.6 148.2 150.5 151.8 157.2 158. 2
153.9 165.1 163.1 166.8 170.2 172.8 175.5
155.9
177.8
Federal
state ana local
Table 14.— State and Local G overnment Receipts and Expendiltures
(3.3, 3.4)
State and local government receipts
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax
accruals
Contributions for social insurance
Federal grants-in-aid
Table 17.— Implicit Price De flators for Gross National Product by
Major T^fpe of Product (8.2)
119.0 133.4 131.9 135.3 138.5 143.7 149.2
21.3
3.4
66.7
23.6
3.5
73.6
23.5
3.5
72.8
23.8
3.7
74.5
24.2
3.3
76.4
25.1
3.8
78.7
25.6
4.0
81.1
26.9
4.0
83. 8
7.3
20.3
8.3
24.4
8.2
23.9
8.4
24.9
8.7
25.9
8.9
27.3
9.1
29.5
9- 3
30. 1
State and local government expendi118.9 132.9 130.0 135.1 139.8 144.1 147.7
tures
150.3
Purchases of goods and services
110.6 122.2 119.7 124.0 127.9 131.5 134.5
Transfer payments to persons
11.8 14.4 14.0 14.8 15.6 16.4 16.9
.2
.4
.0
Net interest paid
.1
.1
.1
.3
Less: Current surplus of government
4. 1
4.0
4.0
3.5
enterprises
3.8
3.9
3.8
Surplus or deficit (—), national
income and product accounts
.1
.5
1.9
.2 -1.3
-.4
1.6
136. 8
17-2
Table 15. — Sources and Uses of Gross Saving (5.1)
170.8
Personal saving
37.9 54.1 54.2 57.4 58.5 58.4 60.9
20.0 16.2 16.4 17.7 14.3 17.3 20.5
Undistributed corporate profits
Corporate inventory valuation adjustment
-5.5 -4.5 -4.2 -5.5 — 2. 6 -3.5 -5.1
Corporate capital consumption
allowances
51.3 56.2 55.7 56.7 58.0 62.6 64.0
Noncorporate capital consumption
allowances
29.9 31.4 31.3 3L5 31.8 32.9 33.3
.0
.0
.0
.0
.0
.0
.0
Wage accruals less disbursements
57 7
20 1
Government surplus or deficit (— ),
national income and product
accounts
Federal
State and local
Capital grants received by the United
States
—6 4
65 5
0
7.3 -13.6 -14.1 -15.4 -20.5 -17.5 -22.6 -21.2
.1
1.6
3.7
.5
.2 -1.3 -.4
1.9
.9
.9
.9
.9
.7
.7
.7
Gross private domestic investment. . 137.8 135.3 134.1 138.6 137.3 143.8 152.4
-.9
2.0
.2
Net foreign investment .. .. ...
1.3
1.6
1.8 -3.0
153. 6
—2.0
-4.0
—2. 4
subject to revision next month.
Services
140.9 150.1 149.2 151.0 153.2 156.6 158.4
160.0
Structures . - - ...
140.9 150.2 147.9 152.5 154.9 157.1 161.1
164.2
104.5 107.9 106.6 107.8 112.4 114.4 115.2
115.5
Addendum:
.-
Table 18. — Implicit Price Deflators for Gross National Product by
Sector (8.4^
128.21 135. 29 134.32 135. 97 138.07 139.88 141.27 142.31
..
124.29 130.38 129. 43 131. 00 132. 98 134. 45 135. 81 136. 85
Private
Business
Nonfarm
Farm
123.2 129.0 128.1 129.5 131.4 132.9 134.2
123.5 129.4 128.4 130.0 132.4 133.7 135.0
115.5 118.0 120.0 116.8 108.4 112.8 115.6
Households and institutions
172.8 186.8
171.1 188.7 187.5 190.4 193.2 199.6 201.9
General government
Table
19.— Gross
National Product:
Period (7.7)
7.4 -13.1 -12.2 -15.2 -21.7 -17.9 -21.0 -17.5
151. 6
Statistical discrepancy
126.1
119.2
131.0
-4.1 -4.5
-5.8
-3.2
-1.6 -4.9
135.2
136.0
115.1
203.2
66. y
136.9 136.6 136.2 140.2 137.5 145.6 149.4
Gross investment
117.3 122.3 121.6 122.6 124.1 125.0 125.7
111.7 115.4 114.5 115.8 117.5 118.5 118.9
121.4 127.0 126.6 127.6 128.3 129.7 130.6
Durable goods
.
Nondurable goods
Gross national product .
133.5 153.4 153.3 157.8 160.0 167.7 173.7
Gross private saving. .
Goods output
Gross auto product
3.7
128.21 135.29 134.32 135.97 138.07 139.88 141.27 142. 31
128.3 135.3 134.4 136.0 138.2 140.0 141.4 142.4
Gross national product
Final sales
Change
Gross private product :
Current dollars
Constant dollars
Implicit price deflator
Chain price index __
.
Preceding
Percent at annual rate
Percent
Gross national product:
Current dollars
Constant dollars
Implicit price deflator
Chain price index
from
4.8
4.9
4.8
-.6
5.5
5.3
.7
4.6
5.0
2.0
6.3
1.3 -4.1
5.0
6.3
5.5
4.7
13.8
8.0
5.3
6.4
9.0
4.8
4.0
4.8
7.0
3.9
3.0
3.8
7.3
2.6
4.5
4.6
4.2
-.7
4.9
4.7
5.0
.8
4.1
4.6
1.5
6.5
1.5 -4.4
6.2
4.9
4.5
5.4
13.4
8.5
4.5
5.5
9.5
5.2
4.1
4.9
7.3
4.0
3.1
4.0
7.5
2.5
5.3
By ALLAN H. YOUNG, JOHN C. MUSGRAVE, and CLAUDIA HARKINS
Residential Capital in the United States, 1025-70
Estimates of the value of the Nation's
stock of residential capital are presented
for the years 1925-70. Annual estimates
of gross and net stocks of residential
structures computed by the perpetual
inventory procedure are given in constant (1958) prices and current prices.
The current-dollar net stock estimates
are compared with and found to be
quite similar to alternative "benchmark" estimates based on the decennial
Censuses of Housing. Also, annual
estimates of depreciation developed by
the perpetual inventory method are
compared with those now used in the
national income and product accounts.
national income and product, inputoutput, and flow of funds accounts.
Methods of stock estimation
housing inventory. The two sets of
estimates are largely independent and
provide useful checks on each other.
They are for the most part consistent.
The two sets of estimates are compared
and the reasons for divergences are
discussed later in this article.
Because the available data permit
greater scope and detail in the perpetual
inventory estimates than in the benchmark estimates, this article focuses on
the perpetual inventory figures.
It is possible to derive a third set of
estimates using a combination of the
perpetual inventory and benchmark
methods. For example, estimates for
the 1960's can be developed by starting
with the 1960 benchmark figure, adding annual investment flows for the
1960's, and deducting annual estimates
of the loss in value of the stock. This
third method, yielding "benchmarked
perpetual inventory" estimates, was
employed to test the assumptions used
in computing the benchmark and the
perpetual inventory estimates.
The coverage of the perpetual inventory estimates and the data and
methods used to derive them are described below. Next, the growth and
composition of residential capital in the
United States as shown by these estimates is discussed. Estimates of residential capital consumption derived
in this study are then compared to those
used in the national accounts. Finally,
the benchmark estimates of the residential stock are described and the two
sets of stock estimates are compared.
The two procedures used to derive
capital stock estimates in this report
are the "benchmark" method and the
"perpetual inventory" method. The
benchmark method involves measurement of the stock at given points in time
for which Census-type data exist. Implementation of this method depends
on the availability of satisfactory data
of this type. Housing is one of the few
areas for which it can be implemented,
A HIS article presents newly developed because detailed data are available
annual estimates of the stock of resi- from the decennial Censuses of Housing.
dential capital in the United States for However, as noted later, the Census
the years 1925 through 1970, describes data are by no means free of statistical
the methodology used, and analyzes the problems.
growth and composition of the stock.
Although the benchmark method is,
The estimates shown in this article in principle, more reliable because it is
are a segment of a larger project to based on direct measurement of the
measure the entire tangible wealth of actual stock, the perpetual inventory
the Nation which OBE is conducting method is more widely used in capital
as part of an Interdepartmental Study stock estimation because, given the
of Economic Growth. Previous OBE state of the available data, it presents
work on capital stock has provided esti- fewer data problems than the benchmates of fixed nonresidential business mark method and provides estimates of
capital1 and provisional estimates of detailed characteristics of the stock on
consumer durable goods.2 Future re- different bases of valuation. It starts
search is projected to cover stocks of with investment flows and obtains
Government capital assets,3 business gross capital stock estimates for given
points in time by cumulating past
inventories, and land.
Because of methodological problems investment flows and deducting the
and data deficiencies, estimates of investment that has been discarded
capital stocks are less well developed from the stock.
than those of capital flows—saving and
Residential stock estimates based on
investment—which are found in the both the benchmark and perpetual inventory methods are presented in this
1. Office of Business Economics, Fixed Nonresidenlial
The Perpetual Inventory
article. The perpetual inventory estiBusiness Capital in the United States, 1925-1970, U.S. Department of Commerce, National Technical Information Service
Estimates
mates are shown annually for year ends
(forthcoming).
from 1925 through 1970. Benchmark
2. Henry Shavell, "The Stock of Durable Goods in the
Hands of Consumers, 1946-1969," 1970 Proceedings of the
The perpetual inventory estimates of
estimates were computed for 1950,
Business and Economics Section of the American Statistical
the
residential stock cover all housing—
1956,
and
1960,
and
extrapolations
Association, 1971.
3. Estimates of the value of that portion of Government
public and private, housekeeping and
from
the
1960
figure
through
1969
were
capital operated by private contractors are given in the
derived using periodic surveys of the nonhousekeeping, farm and nonfarm,
volume cited in footnote 1.
16
November 1971
SURVEY OF CURRENT BUSINESS
mobile homes and conventionally built ure, OBE is currently preparing an
structures. This coverage is broader allocation of the private housekeeping
that than of the residential investment portion of the perpetual inventory
component of GNP, which omits mobile stock estimates into owner-occupied,
homes and public structures. Expendi- tenant-occupied, and vacant compotures in the omitted categories are nents. This is being done using data
included in GNP, however, as parts of described later in this article in the
personal consumption expenditures for discussion of the benchmark estimates.
durable goods and government pur- These stock estimates by tenure will be
chases of goods and services. (A published in the SURVEY in the near
reclassification is under consideration, future.
which would shift expenditures on
mobile homes from the durables con- Investment data
sumption component of GNP to the
For the years since 1929, the period
residential investment component.)
for which comprehensive and consistent
Tables 1 and 2 show, in constant GNP estimates exist, the appropriate
(1958) and current dollars, respectively, components of GNP were used as the
estimates of gross and net residential annual investment flows in calculating
stocks, at yearends 1925-70, for the the perpetual inventory estimates of
residential stocks. The flows were
following types of structures:
extended back into the nineteenth
Total, all types
century using data from various sources.
Private nonfarm structures, 1-4 Data sources and procedures are given
units
in detail in the appendix to this article.
Private nonfarm structures, 5 or
The data on public and private resimore units
dential construction outlays that enter
Publicly owned structures, Federal the GNP represent the value of new
Publicly owned structures, State residential construction put in place in
and local
the United States including both new
Farm structures
structures and additions and alteraPrivate nonhousekeeping structures tions to existing structures. Land deMobile homes
velopment costs are included but not
land
acquistion costs nor maintenance
Table 3 shows the age distribution of
and
repair
expenditures. The construcgross stocks and the ratio of net to gross
tion
outlay
data in the GNP provide
stocks, for selected years 1925-70, for
the
basis
for
computing stocks of the
the following types of structure:
following types of residential structures:
private nonfarm, farm, private nonTotal, all types
housekeeping,
Federal, and State and
Private nonfarm structures, 1-4
local.
For
this
study, private nonfarm
units
investment
data
for structures and for
Private nonfarm structures, 5 or
additions
and
alterations were almore units
located
between
structures
of 1-4 units
Farm structures
and those of 5 or more units using data
Table 4 shows estimates of private described in the appendix to this article.
residential capital consumption, sepa- (The estimates of value of new private
rated into farm and nonfarm segments. nonfarm residential construction put in
Also shown are the private residential place for 1-unit and 2-or-more-unit
capital consumption estimates now structures released by the Bureau of the
now used in the national income and Census in November 1971 were not
product accounts.
incorporated into the stock calculaThe perpetual inventory estimates tions.) The investment stream for mocalculated in this study do not provide bile homes was estimated from trade
information on the composition of association data.
residential capital by tenure (ownerThe GNP component measuring investoccupied, tenant-occupied, vacant). Be- ment in residential structures includes
cause there is considerable interest in brokers' commissions on transactions
estimates of residential stocks by ten- in such structures, both new and used.
17
If the investment flows used for residential capital stock estimation were to
include commissions on transactions in
existing structures, the structures that
change ownership would not be valued
consistently with those that do not
change ownership. Many houses change
hands a number of times during their
lives, and the commissions on sales of a
single house can amount to several
thousand dollars. A house that has been
sold many times would thus be valued
in the stock considerably higher than an
identical house that has not changed
hands. It seemed desirable, therefore,
to include in the investment flows used
for stock estimation the brokers' commissions only on new houses. Inclusion
of these commissions results in a structure entering the housing stock at a
value representing its total cost to the
original buyer (exclusive of the value of
the underlying land) and keeping that
value so long as it remains in the gross
stock.
The residential stock can alternatively be calculated using the private
residential investment flow exactly as it
enters GNP, i.e., including commissions
on used as well as new structures. The
memoranda in tables 1 and 2 show the
amounts by which stock estimates thus
calculated exceed the stock estimates
shown in those tables. Thus, to obtain
the alternative estimates of gross or net
stocks, the appropriate memorandum
column should be added to the total
stock, and to the stock of private nonfarm 1-4 unit structures, shown in the
table. The commissions entering the
private residential investment component of GNP, on both new and used
structures, are negligible except for
those on transactions in private nonfarm
1-4 unit structures.
The residential investment component of GNP includes net transfers of
existing structures between the public
and private sectors (offset by an entry
of equal size and opposite sign in the
government purchases component of
GNP). Such transfers are mainly purchases of private housing by State and
local governments. These structures are
usually purchased to be demolished (to
make way for new roads or buildings)
and such transfers were treated in the
stock calculations as permanent losses
18
SURVEY OF CURRENT BUSINESS
November 1971
from the housing stock rather than as
shifts from the private to the public
stock. However, Federal military housing built during World War II and
transferred to State and local or private
ownership after the war was moved to
the appropriate sector's stock in the
year of transfer.
An important type of transfer that
has relevance for the stock estimates
presented in this article but that does
not figure in the GNP calculations is
the shift of farm housing in urban fringe
areas to nonf arm housing use during the
past three decades. Estimates of the
value of these transfers were derived
from the decennial Censuses of Housing.
Such transfers, like those of military
housing mentioned above, affect the
composition but not the size of the
housing stock.
Intersector transfers of residential
structures in the stock calculations
are valued at original acquisition prices
rather than at the prices at which they
were sold secondhand. Thus, when a
structure is transferred between sectors,
the gross stock of the selling sector is
decreased and the gross stock of the
purchasing sector is increased by the
original acquisition price of the structure, and the total gross housing stock
remains unchanged. Similarly, the net
stocks of the selling and purchasing
sectors are modified by the depreciated
value of the structure at the time of
sale, and the total net housing stock
remains unchanged. This procedure is
based on the assumption that a structure which remains in residential use
does not undergo any significant change
in value when it is transferred between
sectors.4
difference between cumulated past in- other housing continues in use long
vestment and cumulated discards, past the average life. The pattern of
would equal $10 million at the end of retirements used in this study, a modiyear 1, $20 million at the end of year fication of the Winfrey S-3 curve,6 is a
2, and so on, reaching $400 million at bell-shaped distribution centered on the
the end of year 40. In succeeding years, average life with retirements starting
the stock would stay at $400 million at 5 percent and ending at 195 percent
as annual investment was offset by of the average.
annual discards. Under this "gross"
concept, an asset enters the stock with Valuation
a specific value and carries that value
Capital stock measures derived by
as long as it is in the stock. (The the perpetual inventory method can
question of valuation is discussed be- be computed on various bases of
low.) In other words, assets in the valuation. Historical-cost measures are
gross stock are not adjusted for any derived by valuing each item in the
physical wear and tear or obsolescence stock at the original price at which
which may occur during their lives.
it was purchased new. The stock
estimate for any particular year thus
Service lives and discards
represents a mixture of assets valued
Information on service lives of hous- at prices of different periods. Such
ing is deficient. Not enough is known measures are not particularly useful
about average lives or the dispersions of for economic analysis, and no historicalcost measures are shown in this article.
retirements about these averages.
Constant-cost (or "real" or "physicalAfter a review of the available evidence, it was decided to use the aver- volume") capital stock measures are
age service lives that were used in a derived by valuing all assets at the
study by Goldsmith and Lipsey.5 These prices of a specific period (1958 prices
lives are 80 years for 1-4 unit structures, in this study) regardless of their actual
65 years for structures with 5 or more prices in the years of original purchase.
units, and 40 years for nonhousekeep- To calculate constant-cost stocks, the
ing structures. Additions and alterations gross investment flows must be exwere assumed to have lives half as long pressed in constant prices. This is
as these. Mobile homes were assigned a done by applying appropriate price
life of 16 years based on trade associa- indexes to the current-dollar investtion data. These lives for structures are ment flows. The constant-cost stock
considerably longer than those used for measures the physical volume of restax purposes under IRS regulations, idential capital.
which permit a 50-year maximum.
Beginning with 1963, the currentWhile it is difficult to attach precision dollar residential investment series
to the lives selected, it is clear that which enter the GNP are deflated by
actual lives are longer than those per- the Census Bureau's price index for
mitted by IRS. The evidence concerning new one-family houses. Data for years
service lives includes the age distribu- prior to 1963 are deflated by a privately
Gross stocks
tions of houses in the decennial Censuses compiled residential construction cost
The perpetual inventory estimates of of Housing, an appraiser's study of index.7 It is generally thought that
gross stocks were derived by cumu- dwellings in St. Louis in the 1950's, and this cost index is biased upward, relating past flows of residential invest- comparisons with the benchmark esti- sulting in an understatement of real
ment and deducting the investment mates developed in the course of this residential investment prior to 1963,
that is discarded from the stock. To study.
and a revision in OBE's deflation
illustrate, assume a constant rate of
These service lives are averages, and
investment of $10 million per year in actual retirements from the stock
a new type of residential structure with should be distributed about the aver6. Robley Winfrey, Statistical Analyses of Industrial PropRetirement, Iowa Engineering Experiment Station, Bula life of 40 years. Abstracting from ages. Some housing is destroyed after a erty
letin 125, December 11,1935.
price changes, the gross stock of this few years of use by fire or flood, while
7. For a description of the Census index, see John C. Musgrave, "The Measurement of Price Changes in Constructype of structure, calculated as the
tion," Journal of the American Statistical Association,
4. For a discussion of the valuation of intersector transfers
in OBE's estimates of nonresidential business capital, see
the volume cited in footnote 1.
5. Raymond W. Goldsmith and Robert E. Lipsey, Studies
in the National Balance Sheet of the United States, National
Bureau of Economic Research, 1963, Volume 1, Chapter 3.
September 1969. The pre-1963 deflators are described in the
references given in the appendix to this article referring to
the methodology of the national accounts.
November 1971
SURVEY OF CURRENT BUSINESS
procedure is under study. If and when applied to the net value of 1-4 unit
a decision is made to revise the pro- structures and 2.4 percent per year to
cedure for deflating residential con- the net value of housekeeping strucstruction, new capital stock estimates tures with 5 or more units. These
will be prepared using the revised rates are consistent with the evidence
data. However, on the basis of the provided in several studies conducted
work done thus far on this question, in the 1930's which shows that depreciit appears that any revision of the ation of residential housekeeping strucprice indexes that might be made tures tended to follow a declining
would have only a small impact on the balance formula with the annual rate
estimates of the residential capital of depreciation in the neighborhood of
stock.
2 percent of the net value.10 Additional
A third valuation procedure, known support for these rates was provided by
as current-cost valuation, expresses all the comparisons of the perpetual initems in the stock at any specified ventory and benchmark estimates that
period in the prices of that period. This are discussed later in this article.
is done by applying price indexes to
The depreciation rates used for nonrevalue the constant-cost stock esti- housekeeping residential structures and
mates. The current-cost stock estimates mobile homes are higher, because of the
in effect measure the dollar replace- shorter service lives involved. For all
ment value of residential capital.
types of residential capital, the declining balance depreciation rates used
Depreciation and net capital stocks in this study are equivalent to roughly
Assets are carried in gross capital 1% times the first year percentage
stocks at their full value during the en- depreciation under straight line method.
tire time they remain in the stock. Net
stock measures, on the other hand, Age of capital stocks
represent the depreciated value of the
Information on the age structure of
capital stock. There is no general agreement as to the correct method of com- capital stocks is useful in analyzing
puting economic depreciation,8 the the condition of the housing stock.
value of productive services of an asset Three measures of age structure are
used up each year. One widely accepted presented in this article: the ratio of
accounting method uses the "straight net to gross stocks, the average age of
line" pattern, which assumes equal dol- gross and net stocks, and the age
lar depreciation each year over the life distribution of the gross stock. The
of the asset. Another important method net/gross ratios show the extent to
uses the "declining balance" pattern, which the services available in new
which assumes equal percentage de- residential capital remain intact, while
preciation each year over the life of the the average age provides information on
asset. The annual declining balance the absolute ages of gross and net
depreciation charge for an asset will stocks.11 The age distribution of the
equal a certain fixed percentage of the gross stock shows the proportion of the
net (depreciated) value of the asset at stock that is of a given age.
the beginning of the year.
The depreciation method used to
compute the net stock estimates in this
article was of the declining balance
type.9 A rate of 2 percent per year was
8. "Depreciation" as used in this study is synonymous
with the term "capital consumption" used in the national
income and product accounts, which includes both depreciation proper and accidential damage to fixed capital.
9. Estimates of net stocks and depreciation using the
straight line formula were also computed and are available
on request.
10. For a summary of these studies, see Appendix E in
Leo Grebler, David M. Blank, and Louis Winnick, Capital
Formation in Residential Real Estate, National Bureau of
Economic Research, 1956. Grebler, Blank, and Winnick
relied heavily on data from the FHA comparing sales prices,
ages, and replacement costs of existing houses sold in 1939.
Changes in FHA appraisal procedures prevented a similar
study with current data.
11. For a discussion of the relations between these two
measures of age, see the volume cited in footnote 1.
19
Growth and Composition of
Residential Capital Stocks
Gross stocks
The Nation's supply of housing, as
measured by constant-dollar gross
stocks, increased 150 percent in the
45-year period from 1925 to 1970,
representing a compound annual growth
rate of 2.0 percent. The stock has
increased every year since 1925, except
for the depression years of 1933 and
1934. The most rapid growth occurred
in the 1950's, with the stock increasing
at a compound annual rate of 3.3
percent over the decade. The growth
rate in the 1960's was slightly above the
average rate for the entire 1925-70
period.
The Nation's stock of housing has
been and continues to be composed
predominantly of 1-4 unit structures,
most of which are single-family houses.
At the end of 1970, private nonfarm
1-4 unit structures accounted for 81
percent of the value of the constantdollar gross stock of residential structures. Privately owned apartment buildings (structures with 5 or more units)
formed the next largest component,
accounting for 9 percent of the stock.
Farm housing accounted for 4 percent
of the stock, while public housing,
mobile homes, and private nonhousekeeping residential s t r u c t u r e s each
accounted for about 2 percent (see
table A).
Over the period 1925 to 1945, the
share of private nonfarm 1-4 unit
structures in the total stock was about
80 percent. The share steadily increased
from 1945 until 1960, when it reached
84 percent. This was due largely to
the boom in single-family housing
construction in the developing suburbs
of the large metropolitan areas in the
late 1940's and the 1950's. In some
years during this period, expenditures
on private nonfarm 1-4 unit houses
accounted for 90 percent of total residential investment. The stock of private nonfarm 1-4 unit houses grew
at a compound annual rate of 3.7 percent during the 1950's. The rate slackened in the 1960's to 2.1 percent and
the share of private nonfarm 1-4 unit
houses in the total housing stock
20
SURVEY OF CURRENT BUSINESS
declined to 81 percent by 1970, as new
residential investment shifted toward
apartments and mobile homes.
Constant Dollar Gross Stocks
of Residential Structures,
by Type of Structure
Billions of 1958 $ (Ratio scale)
1,000
800 -
Total, All Types
600 -
400 -
Private Nonfarm,
1-4 Unit
200
Private Nonfarm,
5 or More Unit
60
40
/
Farm
20
Private
Nonhousekeeping
State and Local*
The constant-dollar gross stock of
private apartments (structures with 5
or more units) grew rapidly during the
late 1920's. From 1925 to 1930, its
share in the total housing stock increased from 6.5 percent to 8.2 percent.
The private apartment stock remained
fairly constant during the depression
and World War II. It increased moderately following the war, but its
growth did not keep pace with the
growth of 1-4 unit structures and it
accounted for only 6.4 percent of the
total stock by 1960. The trend changed
in the 1960's, as apartments became an
increasingly important part of new
residential investment, and private
apartments accounted for 8.6 percent of
the total housing stock by 1970.
The stock of publicly owned housing
was negligible prior to World War II.
However, federally owned housing—
consisting almost entirety of military
housing—accounted for about 15 percent of all residential construction
during the war years and for about 1
percent of the housing stock in 1945.
The federally owned stock increased
only about 50 percent from 1945 to 1970
and its share in the total housing stock
declined slightly.
The stock of housing owned by State
and local governments—consisting primarily of housing for low-income families—was built largely during the
1950's and 1960's. It accounted for less
than 1 percent of the housing stock in
1950 and currently accounts for about
1.5 percent.
November 1971
Farm housing has declined in importance over the past 45 years as the
farm population has dwindled and as
rural areas have become urbanized.
The gross stock of farm housing has
decreased about 10 percent since 1925,
reflecting low rates of farm housing
construction, transfers of farm housing
to nonfarm use, and abandonments.
Farm housing accounted for about 11
percent of the total housing stock in
1925 but only 4 percent in 1970.
The stock of private nonhousekeeping
residential structures—primarily hotels,
motels, and dormitories—was practically constant from 1930 to 1960 and
its share of the total stock dropped
from about 3 percent to about 2 percent.
The stock then increased 65 percent
from 1960 to 1970, largely due to a
boom in construction of hotels and
motels.
Mobile homes were sold in modest
quantities during the 1940's and 1950's
and accounted for 0.5 percent of the
1960 housing stock. Due to increased
construction costs and mortgage rates
for conventionally built housing, mobile
homes became an increasingly important part of new additions to the
housing stock in the 1960's. From 1960
to 1970, the stock of mobile homes
quadrupled and its share in the total
stock rose to 1.7 percent.
Net stocks
The growth and composition of the
net stock of housing measured in constant dollars is essentially the same as
Table A.—Composition of Constant Dollar Gross Stocks of Residential Capital, Selected
Years
[Percent]
Type of structure
i V—-•
Federal*
Total,
all
types
End of year
'\
: Mobile
I
1-4
unit
Homes*
iii
30
35
40
45
50
55
*Values under $1 billion are not plotted
but can be found in table 1.
60
65
70
Federal
100.0
100.0
80.4
79.4
6.5
8.2
1935
1940.. .
100.0
100.0
79.6
80.0
8.2
8.3
100.0
100.0
79.6
81.5
8.0
7.6
.9
.6
1955
1960
100.0
100.0
83.3
84.2
6.7
6.4
1965
1970
100.0
100.0
83.0
81.3
7.5
8.6
1945
1950
-
- .
U.S. Department of Commerce, Office of Business Economics
5 or
more
unit
Public
-
1925.1930
1925
Private nonfarm
*Less than 0.05 percent.
Farm
State
and
local
Private
nonhousekeeping
Mobile
homes
0
0
10.7
9.5
2.4
2.9
0
0
0
9.2
8.8
3.0
2.9
0
0
.4
.8
8.4
7.3
2.7
2.2
.0
.0
.6
.7
1.1
1.2
6.2
5.3
1.8
1.7
.3
.5
.7
.7
1.4
1.6
4.5
3.9
2.0
2.2
.9
1.7
0
0
(*)
(*)
(*)
November 1971
SUEVEY OF CUKKENT BUSINESS
that of the constant-dollar gross stocks,
just reviewed. The behavior of the
current-dollar measure of net stocks,
which reflects price changes, shows the
impact of inflation on the replacement
value of the Nation's stock of housing.
The current-dollar value of the total
stock of residential structures increased
from $80 billion in 1925 to $800 billion
in 1970, as shown in table 2. About
five-sixths of this increase was due to
price increases, while about one-sixth
represented growth of the real net
stock.
Several fairly distinct periods of
price change can be identified. In the
late 1920's, prices changed little and
the increase in the current-dollar net
stock was due almost entirely to an
increase in the real stock. On the other
hand, virtually all of the 25 percent
drop in the current-dollar stock from
1929 to 1934 was due to a decrease in
the price level, and price increases accounted for virtually all of the doubling
in value of the stock between 1934 and
1945.
About three-fourths of the increase
in the current-dollar net stock since
1945 has been due to inflation. Price
increases were particularly significant
in the growth of the stock in the immediate postwar period and in the
1960's, but during the 1950's the
growth of the real net stock accounted
for 60 percent of the increase in the
current-dollar stock.
Age of capital stocks
The data on the age structure of the
gross stock show the effect of the curtailment of residential investment in
the depression and World War II years
and of the boom in the postwar years.
As shown in table 1, the average age of
the gross stock of residential structures
increased from 27 years in 1925 to 34
years in 1945. The average age has
since declined until in recent years it
has approached the level of the late
1920's. The ratios of net to gross
stocks shown in table 3 follow a similar
pattern, declining from 0.62 in 1925 to
0.54 in 1945 and then increasing to
0.63 during the 1960's. The age distributions in table 3 show that more than
half of the 1970 housing stock had been
built in the previous 20 years.
The average age of the gross stock of
private apartment structures (5 or more
units) increased from 15 years in the
late 1920's to 26 years by the end of
World War II. This trend continued
until 1958, when the average age was
almost 30 years. As a result of the boom
in apartment construction in the 1960's,
the average age had declined to 20 years
by 1970. In 1970, over half of the gross
stock of private apartments had been
built in the past 10 years.
Farm housing, the oldest component
of the stock, has steadily increased in
age from an average of 36 }^ears in 1925
to 49 years in 1970. More than half of
the gross stock in 1970 was over 50
years of age.
Alternative Residential Capital
Consumption Estimates
Table 4 compares the estimates of
private residential capital consumption
(depreciation) now used in the national
income and product accounts with
those computed in this study.12 The
estimates calculated in this study have
two considerable advantages over those
used in the national accounts: The new
estimates are available in current and
constant prices; and they are based on
more realistic service lives and rates of
depreciation.
The depreciation series for nonfarm
housing used in the national accounts
is valued in terms of historical costs
and thus reflects a mixture of the
prices of all the years in which the
investments being depreciated were
made.13 The depreciation rate used is
2 percent per year of the estimated
gross stock. The estimated gross nonfarm residential stock used for this purpose is derived by starting with a
Census- based historical-cost estimate
of the 1940 stock, adding the NIA estimates of annual residential investment,
and deducting estimates of demolitions,
abandonments, and transfers to nonresidential use, all in historical costs.
12. For a similar comparison of alternative measures of
corporate depreciation, see Allan H. Young, "Alternative
Measures of Corporate Depreciation and Profits," SURVEY
OF CURRENT BUSINESS, April and May 1968.
13. The depreciation series for farm housing used in the
national accounts is based on a perpetual inventory calculation done by the Department of Agriculture and is valued
in current prices. The series probably overstates farm residential depreciation because of an inadequate allowance for
transfers to nonfarm use.
21
The depreciation rate of 2 percent,
which is equivalent to straight line
depreciation over a 50-year service life,
is generally considered to be excessive
as a measure of actual depreciation.
The rate used in this study of 2 percent H per year of the net stock, together with the longer service lives,
result in considerably less depreciation
than the 2 percent rate applied to the
gross stock. With the rate used in this
study, an asset depreciates 39 percent
in 25 years, 63 percent in 50 years, and
86 percent in 100 years, compared with
50 percent in 25 years and 100 percent
in 50 years with the rate used to calculate the NIA estimates.
As shown in table 4, the effect of
the lower depreciation rate is outweighed in most years by the revaluation of the depreciation series to current
prices. For example, the current cost
estimate of 1969 residential depreciation is $4.8 billion or about 40 percent
more than the estimate now used in the
national income accounts.
Comparisons of Alternative
Estimates of the Housing
Stock
How the benchmark estimates were
derived
Alternative ' 'benchmark'' estimates
of the nonfarm housekeeping portion of
the housing stock were derived for
1950, 1956, and 1960 using data from
the 1950 and 1960 Censuses of Housing
and the 1956 National Housing Inventory, with extrapolations through
1969 using data from periodic household
surveys.15 The benchmark estimates
are of the market value of net stocks of
private nonfarm housekeeping resisidential structures. The basic data used
for the benchmark estimates provide
measures of the market value of net
stocks of residential real estate (structures and land combined) in currentcost valuation by tenure (owner-oc14. A rate of 2.0 percent is used for 1-4 unit structures and
higher rates are used for the other components of the housing
stock. Since these other components represent a fairly small
portion of the total housing stock, the implied overall rate
is close to 2 percent.
15. The Census data were taken from: U.S. Bureau of the
Census, i960 Census of Housing (several volumes); 1960
Census of Housing (several volumes); 1956 National Housing
Inventory (several volumes). The survey data were taken
from: U.S. Bureau of the Census, Housing Vacancies, Current
Housing Reports, Series H-lll (quarterly); George Katona,
et. al, Survey of Consumer Finances, Survey Research Center,
University of Michigan (annual).
22
SURVEY OF CURRENT BUSINESS
Table B.—Benchmark Estimates of Value of
Nonfarm Housekeeping Residential Real
Estate (Excluding Mobile Homes), by
Tenure, Selected Years
[Billions of dollars]
were used to derive the 1950, 1956, and
1960 benchmark estimates. The owneroccupied component was based on
reports of market values by homeowners
The renter-occupied component was
Owner- RenYear
Total occuterVacant
based on rents reported by tenants and
pied
occupied
rent-to-value ratios reported by land18
lords.
The estimates for vacant housStructures and land
ing available for sale and for rent were
1950 (Apr 1). .
157.4
226. 5
65.3
3.8
based on expected selling prices and
1956 (Dec 31)
317.4
11.2
437.1
108.5
1960 (Apr 1)
390.0
17.2
544.8
137.6
expected rents of these units as reported
1968 (Dec 31) ~ "
871.7
648.1
18.7
204.9
1969 (Dec 31)
948.2
711.5
216.5
20.2
by owners.
The estimates for the years since
Structures
1960 were obtained by extrapolating
1950 (Apr 1)
3.0
177.8
122.9
51.9
the data on number of housing units
334.0
1956 (Dec 31) .
242.1
83.3
8.6
1960 (Apr i)...::::./::: 411.8
292.6
106.2
13.0
and average values reported in the
1968 (Dec 31) .
639.6 471.1
154.7
13.8
1969 (Dec 31) .
698.4
520.3
163.2
14.9
1960 Census. Annual estimates of the
number of housing units and their
Land
distribution by tenure and values of
1950 (Apr 1). . .. .
34.5
48.7
13.4
.8
vacant units were derived from data
1956 (Dec 31)
103.1
25.2
75.3
2.6
1960 (Apr 1).
133. 0
97.4
31.4
4.2
collected
in the Census Bureau's Cur1968 (Dec 3i):/~__:_:~~
232.1
177.0
50.2
4.9
191.2
1969 (Dec 31)
249.8
53.3
5.3
rent Population Survey. Annual estimates of values of occupied units were
cupied, renter-occupied, vacant). The derived from data collected in the
estimates were allocated between struc- Census Bureau's Quarterly Household
tures and land on the basis of a study Survey and the University of Michiby Manvel 16 based on data from the gan's Survey of Consumer Finances.
The structures-land allocation was
1957 and 1967 Censuses of Governbased
on Manvel's estimates of the
ments. The segments of the housing
ratio
of
the average value of residential
stock not covered by the benchmark
land
to
the
average value of residential
estimates—farm housing, non-houseland
plus
structures
for 1956 and 1966.
keeping structures, and mobile homes—
His
estimates
were
based on value
accounted in 1970 for about 8 percent
figures
obtained
from
the 1957 and
of the total housing stock as estimated
1967
Censuses
of
Governments
by
by the perpetual inventory method.
adjusting values assessed on structures
The benchmark estimates for 1950, and land for tax purposes by local
1956, and 1960, based on the Census governments to market values on the
data, and the extrapolations from the basis of samples of sales that occurred
1960 figure to 1968 and 1969, are given during the last 6 months of 1956 and
in table B. When data from the 1970 the last 6 months of 1966. ManvePs
Census become available (probably in ratios were interpolated and extrap1972), a 1970 figure can be derived and olated by the movement of the annual
the extrapolation procedure can be ratios of the value of land to the
evaluated.17
value of land plus structures for
The 1950 and 1960 Censuses and the existing houses sold with FHA-insured
1956 National Housing Inventory pro- mortgages.
vided counts of owner-occupied, renterManvePs study also provided indeoccupied, and vacant housing units and pendent evidence to evaluate the benchvarious data on housing values which mark estimates. He developed estimates of the value of "urban" residen16. Allen D. Manvel, "Trends in the Value of Real Estate
tial one-family property (structures
and Land, 1956 and 1966," Three Land Research Studies,
Research Report No. 12, U.S. National Commission on
Urban Problems, 1968.
17. The methodology used in deriving the benchmark
estimates benefits from work by Goldsmith and Lipsey and
by Bhatia. See Goldsmith and Lipsey, op. cit.. and Kul B.
Bhatia, Individuals' Capital Gains in the United States, An
Empirical Study, 1947-64, unpublished Ph. D dissertation,
University of Chicago, 1969.
18. The publicly owned portion of renter-occupied housing
required a special treatment. Since public housing rents are
subsidized, these rents needed to be adjusted upward before
rent-to-value ratios for private rental housing could be
applied to them. Available evidence suggested that the rental
paid on a public unit was equal to about 40 percent of its true
rental value, and the adjustment was based on this figure.
November 1971
and land) for the last 6 months of
1956 and the last 6 months of 1966
based on the surveys mentioned above.
In the next section of this article, these
estimates are compared to the estimates
based on the 1956 National Housing
Inventory benchmark and the 1966
extrapolation from the 1960 Census
of Housing benchmark.
Comparison of the perpetual inventory and benchmark estimates
The benchmark procedure provided
estimates of net stocks of nonfarm
housekeeping structures which are essentially independent of the perpetual
inventory estimates. They thus provide
a check on the depreciation rates,
service lives, and retirement pattern
used in the perpetual inventory calculations. Benchmark-type estimates prepared by other investigators for 1930
and 1940 were used to extend the period
of comparison. The perpetual inventory
and benchmark estimates are compared
in table C. (In the Census years, the
end-of-year perpetual inventory estimates were adjusted to the April 1
timing of the Censuses for comparison
purposes.)
The benchmark estimates of net
stocks are in terms of market values,
while the perpetual inventory estimates
of current-cost net stocks are based on
replacement prices. While market values
and replacement prices of residential
structures are not conceptually identical,
it is reasonable to assume that the
forces of the market place will keep
Table C.—Comparison of Perpetual Inventory and Benchmark Estimates of
Net Stocks of Nonfarm Housekeeping
Residential Structures (Excluding Mobile
Homes), Current Cost Valuation, Selected
Years
[Billions of dollars]
Year
Perpetual
inventory
Benchmark
Benchmarked
perpetual
inventory
1930 (Apr. 1)
1940 (Apr. 1).
1950 (Apr. 1). _
81.4
80.0
206.4
183.0
270.0
177.8
83.0
79.0
212.6
1956
1960
1968
1969
337.1
480.9
641.3
703.9
334.0
411.8
639.6
698.4
345.6
405.2
646.8
705.2
(Dec.
(Apr.
(Dec.
(Dec.
31)
1).
31) .
31)
1. Source: Grebler, Blank, and Winnick, Capital Formation
in Residential Real Estate, National Bureau of Economic
Research, 1956, based on an earlier estimate in David L.
Wickens, Residential Real Estate, National Bureau of Economic Research. 1941.
2. Source: U.S. Bureau of the Census, Housing—Special
Reports, Series H-1943, No. 1, September 11, 1943, with
structures-land allocation by QBE.
November 1971
them fairly close most of the time. Thus,
the comparisons in table C assume that
the market-value concept of the benchmark estimates approximates the current-cost concept of the perpetual
inventory estimates.
The perpetual inventory estimates
match quite well with the benchmark
estimates for 1930, 1956, and 1960, and
with the extrapolations of the 1960
benchmark through 1969. Also, Manvel's estimates for one-family structures in 1956 and 1966 are reasonably
close to the benchmark estimates when
the benchmark estimates are adjusted
to bring them as close as possible to
ManvePs in timing and coverage.19 In
general, the results of these comparisons
support the assumptions as to service
lives, depreciation rates, and retirements used in the perpetual inventory
calculations.
However, benchmark estimates based
on the 1940 and 1950 Censuses of Housing do not closely match the perpetual
inventory estimates. The 1940 benchmark figure is $10 billion (12 percent)
lower than the perpetual inventory
estimate, and the 1950 benchmark is
about $30 billion (14 percent) lower.
The 1940 and 1950 benchmark figures
are probably too low because the Housing Census benchmarks depend heavily
on the ability of the homeowner to estimate the value of his house. It seems
likely that homeowners understated the
true values of their houses in 1940 and
1950 (particularly 1950) because inflation had driven housing values up
more than owners realized—especially
homeowners who had not bought or
sold their houses recently.
Additional evidence supports the
belief that the 1950 benchmark figure
is too low. First, an attempt was made
bo match the 1960 benchmark with a
perpetual inventory calculation benchmarked on 1950. Starting with the 1950
benchmark, the NIA investment data
were added and the implied declining
balance depreciation rate necessary to
ittain the 1960 benchmark was calcuated. This rate turned out to be less
:han 1 percent, which does not seem
19. The Census of Governments tabulated about 30 million
'urban" single-family units in 1956 and 40 million in 1966,
•XHnpared with about 32 million and 43 million nonfarm
ingle-family units based on the Census of Housing
lefinitions. In the adjustment mentioned in the text, the
idditional units under the Census of Housing definitions
ivere valued as rural nonfarm and deducted from the estinates benchmarked on the Censuses of Housing.
SUKVEY OF CURRENT BUSINESS
realistic. If this same rate were continued through the 1960's, the resulting
net stock estimate in 1969 appears
much too high.
Also, a "benchmarked perpetual inventory " series was constructed by
starting with the 1930 benchmark,
adding the NIA annual investment
data, and subtracting annual estimates
of depreciation and losses from the
housing inventory. This series is shown
in table C. The depreciation rates were
those used in the perpetual inventory
calculations, and the loss rates were
based on decade estimates of losses by
Grebler, Blank, and Winnick for the
1930's and 1940's and the 1960 Housing
Census and extrapolations therefrom
for the 1950's and 1960's. The resulting
series matched quite well with all the
perpetual inventory estimates and with
all the benchmark estimates except
1940 and 1950.
Appendix
Brief explanation of terms
The following is a brief explanation
of terms arising in the perpetual inventory stock estimates in this study.
Gross investment is the value of the
purchases of new fixed residential
capital assets (public and private,
including mobile homes) in. the United
States. The investment flows used in
estimating stocks in this study include
commissions of brokers on transactions
in new structures but not on used structures but data are provided to enable
users to derive stock estimates including
the latter. For a given sector of the
economy, it covers also net purchases of
used assets from other sectors (for
instance, gross investment by the private nonfarm sector includes purchases,
net of sales, of used assets from the
private farm sector).
Discards are the value of gross investment that is retired.
Gross stocks are the value of the
stocks of residential structures before
deduction of losses in value through
physical deterioration, obsolescence,
and accidents. Gross stocks equal
cumulative gross investment less cumulative discards.
Depreciation is the value lost through
physical deterioration, obsolescence,
and accident. This is synonymous with
23
the term capital consumption as defined
in the national economic accounts,
because it includes accidental damage
to fixed capital in addition to depreciation proper.
Net stocks are the value of gross
stocks less cumulated depreciation on
assets in the gross stocks.
Age distribution of stock in a given
year shows the percentage of that
year's stock that consists of investment
made in that year, in the previous
year, etc.
Service life of a capital asset is the
period from its purchase to its discard.
Straight line annual depreciation for
a capital asset is equal to its gross
value divided by its service life.
Declining balance annual depreciation rate is a fixed percentage, always
applied to the depreciated value of the
asset.
Historical cost measures values in the
prices of the period in which the investment was made.
Constant cost measures values in
constant prices (in this report, 1958
prices).
Current cost measures values in the
prices of the given year.
Data sources
Tne annual investment flows used in
implementing the perpetual inventory
method were those which enter the
estimates of the GNP for the years
since 1929 and are taken from the
following sources: 1929-63: The National Income and Product Accounts of
the United States, 1929-65, Statistical
Tables (A Supplement to the SURVEY
OF CURRENT BUSINESS), August 1966;
1964-65: SURVEY OF CURRENT BUSINESS, July 1968; 1966: SURVEY OF
CURRENT BUSINESS, July 1969; 196770: SURVEY OF CURRENT BUSINESS,
July 1971. The definitions and methodology underlying these data are
described in National Income, 1954
Edition (A Supplement to the SURVEY
OF CURRENT BUSINESS), 1954; U.S.
Income and Output (A Supplement to
the SURVEY OF CURRENT BUSINESS),
November 1958; "The National Income
and Product Accounts of the United
States: Revised Estimates, 1929-64,"
SURVEY OF CURRENT BUSINESS, August
1965. The latter three publications are
out of print, but their methodological
sections are reproduced in Readings in
SUBVEY OF CURRENT BUSINESS
24
November 1971
Table 1.—Perpetual Inventory Estimates of Constant Dollar Gross and Net Stocks of Residential Structures and Mean Age of Stocks
by Type of Structure, 1925-70
End of year
Total,
all
types
Private
nonfarm
Public
Farm
1-4
unit
5 or
more
unit
Federal
State
and
local
Memoranda:
Commissions on
used structures l
Net stocks, by type of structure
Gross stocks, by type of structure
Private
Total,
all
non- Mobile
11 ouse- homes types
keeping
Private
nonfarm
Public
Farm
1-4
unit
5 or
more
local
Federal
State
and
local
Private
non- Mobile
house- homes
keeping
Gross
stocks
Net
stocks
Gross and net stocks (billions of 1958 dollars)
1925
1926
1927..
1928
1929
1930
1931
1932
1933..
1934
1935
1936
1937
1938
1939
1940 .
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950 .
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
.
346.3
360.1
373.0
384.8
392. 9
397.4
400.6
400.8
400.7
400.5
278.2
288.2
297.3
305.8
311.5
315.1
317. 9
318.3
318.3
318.3
22.5
25.1
27.9
30.4
32.0
32.5
32.9
32.9
32.9
32.9
0
0
0
0
0
0
0
0
0
(*)
0
0
0
0
0
0
0
0
0
0
37.2
37.3
37.5
37.7
37.9
37.9
37.8
37.6
37.5
37.3
8.4
9.5
10.3
10.9
11.5
11.9
12.0
12.0
12.0
12.0
0
0
0
0
0
0
0
0
0
0
215.5
226.1
235.1
242.9
247. 0
246.8
245.6
242.1
237. 9
234.3
174.8
182.6
188.7
194.2
197..0
196. 9
196.3
193.9
190. 9
188.3
15.9
18.1
20.5
22.5
23.6
23.6
23.5
23.0
22.5
22.0
0
0
0
0
0
0
0
0
0
(*)
319.5
322.0
324.9
327.9
332.4
337.3
343.3
344.7
345.0
345.3
32.9
33.2
33.6
33.9
34.4
34.7
35.0
35.1
35.1
35.0
(*)
0
0
0
( }
* 9
. .
401.6
404.6
408 2
411.6
417.0
422. 9
429 9
432.3
433.9
434.2
\1
1.2
1.7
1.8
1.8
37.2
37.1
37.1
37.1
37.2
37.4
37.1
36.7
36.6
36.5
12.0
12.1
12.1
12.1
12.2
12.2
12.2
12.1
11.9
11.7
0
0
0
0
0
0
0
0
0
0
232 2
23l! 8
232.2
232.3
234.5
237.8
241.8
241.2
239.0
235.1
187.0
187.0
187.3
187.8
189. 9
192.7
195. 9
194.8
191. 9
188.7
21.6
21.4
21.4
21.2
21.3
21.3
21.2
20.8
20.5
20.0
(*) 2
.5
.6
.6
.6
1.1
1.9
3.3
3.6
434.5
439.4
451.6
466.2
480.2
500.1
515.3
530.0
546.1
564.8
346.0
350.1
361.6
375.3
388.1
406.8
421. 3
435.0
450.1
468.2
34.9
35.0
35.3
35.9
36.8
37.6
38.0
38.2
38.6
38.9
4.0
3.7
3.4
3.4
3.4
3.4
3.4
3.4
3.4
3.4
1.8
2.7
3.3
3.5
3.7
4.0
4.5
5.2
5.8
6.2
36. -3
36.3
36.3
36.4
36.5
36.6
36.5
36.5
36.4
36.3
11.4
11.4
11.3
11.1
11.0
10.9
10.7
10.6
10.5
10.4
.1
.2
.4
.6
.7
.8
.9
1.1
1.3
1.4
231.7
237. 9
247.4
256.9
268.5
285.6
298.2
309.0
320.8
333.8
186.0
192.4
201.8
211.1
221.5
237.4
249.1
259.5
270 8
283.5
19.5
19.3
19.3
19.5
20.1
20.6
20.6
20.6
20.6
20.7
583.9
601.2
618.0
634.7
663.8
679.5
690.5
709.5
729.7
749.5
486.5
502.9
518.2
532.8
559.0
572.0
579.6
594.2
609.1
623.5
39.3
39.6
40.2
41.0
42.3
43.6
45.5
48.4
51.6
54.9
3.4
3.4
3.6
3.9
4.4
4.7
5.0
5.2
5.3
5.4
6.5
6.8
7.1
7.6
8.0
8.4
8.9
9.6
9.9
10.3
36.2
36.1
36.0
36.0
35.9
35.8
35.7
35.5
35.3
35.1
10.4
10.4
10.5
10.7
11.0
11.4
11.9
12.6
13.5
14.4
1.6
2.0
2.4
2.7
3.2
3.6
3.9
4.0
5.0
5.9
350.8
363.9
375.1
388.0
408.1
419. 6
427.5
441.5
455.7
469.2
300.3
312.9
323.2
334.5
352.3
362.0
367.0
376.8
387.0
396.1
769.6
786.4
802 2
823.2
843.3
870.3
638.5
650.7
662.0
676.5
688.7
707.2
57.8
60.3
62.5
66.1
70.1
74.8
5.5
5.6
5.6
5.6
5.7
5.8
10.7
11.1
11.7
12.3
13.0
13.7
34.9
34.7
34.5
34.3
34.2
34.0
15.3
16.1
16.8
17.5
18.2
18.8
6.9
7.9
9.1
10 9
13.4
16.0
482.2
492.3
502.2
514.5
526. 9
544.6
405.1
412.1
419.0
426.6
433.3
445.5
. .
..
.
.
- -
..
- . . .
- - .
1965
1966
1967
1968
1969
1970
.
.
. ..
.
2
'.5
.6
.6
.6
1.1
2.0
3.5
3.9
0
0
0
0
0
0
0
0
0
0
19.9
19.8
19.8
19.8
19.7
19.6
19.3
19.0
18.6
18.3
4.9
5.6
6.1
6.4
6.7
6.7
6.5
6.2
5.9
5.7
0
0
0
0
0
0
0
0
0
0
9.4
9.6
9.8
10.1
10.3
10.6
10.7
10.8
10.9
11.0
5.t
6.C
6.1
6.1:
6.f
6.(
6.(
6.f
6.f
6.f
0
0
0
(*)
.2
.7
1.2
1.6
1.6
1.6
18.1
17.9
17.8
17.7
17.6
17.7
17.7
17.6
17.5
17.2
5.5
5.3
5.2
5.0
4.9
4.8
4.7
4.5
4.2
4.0
0
0
0
0
0
0
0
0
0
0
11.1
11.1
11.2
11.3
11.4
11.4
11.6
11.7
11.8
12.0
Q.t
6.f
6./
6.,'
6.,'
6J
Q.i
6.(
6.(
6.(
3.7
3.3
2.9
2.8
2.8
2.7
2.6
2.6
2.5
2.5
1.6
2.4
3.0
3.1
3.2
3.6
4.2
4.7
5.2
5.4
17.0
16.6
16.5
16.5
17.0
17.5
17.9
17.8
17.8
17.7
3.8
3.7
3. 6
3.5
3.5
3.4
3.4
3.3
3.3
3.4
.1
2
'.3
.4
.4
.4
.4
.5
.6
.6
12.2
12.4
12.6
12.8
13.0
13.3
13.6
14.0
14.4
14.7
6.1
6.i
7.(
20.7
20.7
21.0
21.6
22.5
23.5
25.2
27.7
30.5
33.3
2.4
2.4
2.5
2.8
3.2
3.3
3.5
3.6
3.7
3.7
5.6
5.7
5.9
6.2
6.5
6.8
7.2
7.7
7.7
7.9
17.6
17.5
17.4
17.3
17.2
17.1
17.0
17.0
17.0
17.0
3.4
3.6
3.8
4.1
4.6
5.0
5.6
6.4
7.1
7.9
.8
1.1
1.3
1.5
1.8
1.9
2.0
2.3
2.7
3.3
15.2
15.7
16.2
16.7
17.1
17.6
18.3
18.8
19.4
20.0
35.7
37.6
39.2
42.2
45.5
48.6
3.7
3.7
3.6
3.6
3.6
3.6
8.2
8.4
8.8
9.0
9.4
10.0
17.0
16.9
16.9
16.8
16.7
16.6
8.6
9.2
9.6
10.0
10.4
10.7
3.9
4.4
5.1
6. 3
8.0
9.6
20.6
21.2
21.7
22 3
23.1
23.9
Mean age of gross and net stocks (years)
27.0
26.8
26.6
26 6
26.8
27.3
27.8
28.5
29.2
29.9
26.4
26.3
26.2
26 2
26.5
27.0
27.5
28.2
28.9
29.6
16.7
15.8
15.0
14.7
14.8
15.4
16.1
17.0
17.9
18.7
0
0
0
0
0
0
0
0
0
.5
0
0
0
0
0
0
0
0
0
0
35.9
36.3
36.6
37.0
37.4
37.8
38.4
39.0
39.7
40.3
10.8
10.4
10.3
10.4
10.7
11.0
11.7
12.4
13.0
13.7
0
0
0
0
0
0
0
0
0
0
20.2
19.9
19.6
19.5
19.6
20.1
20.6
21.4
22.1
22.8
20.1
19.8
19.6
19.5
19.7
20.2
20.7
21.4
22.1
22.8
12.3
11.4
10.7
10.4
10.6
11.3
12.0
12.9
13.8
14.7
0
0
0
0
0
0
0
0
0
.5
0
0
0
0
0
0
0
0
0
0
27.0
27.4
27.6
27.9
28.2
28.7
29.3
30.0
30.7
31.4
6.7
6.3
6.3
6.5
6.8
7.2
7.9
8.7
9.4
10.1
0
0
0
0
0
0
0
0
0
0
30.4
30.9
31.3
31.6
31.9
32.0
32.1
32.5
33.0
33.6
30.2
30.6
31.0
31.4
31.6
31.7
31.8
32.2
32.9
33.5
19.5
20.2
20.8
21.4
21.9
22.4
23.0
23.7
24.5
25.3
.6
.7
1.0
1.8
2.8
3.7
2.8
2.4
2.1
2.9
0
0
0
.5
.6
.8
1.2
1.8
2.7
3.6
40.8
41.2
41.6
42.0
42.4
43.0
43.5
44.1
44.8
45.6
14.3
14.9
15.4
15.8
16.3
16.7
17.2
17.7
18.4
19.1
0
0
0
0
0
0
0
0
0
0
23.4
23.7
24.0
24.3
24.4
24.4
24.3
24.6
25.1
25.7
23.3
23.7
24.0
24.3
24.3
24.3
24.1
24.5
25.2
25.8
15.5
16.2
16.8
17.4
17.8
18.3
18.8
19.5
20.3
21.1
.6
.7
1.0
1.8
2.7
3.7
2.6
2.3
2.0
2.8
0
0
0
.5
.6
.8
1.2
1.8
2.6
3.6
31.8
32.3
32.6
33.0
33.2
33.8
34.2
34.9
35.8
36.7
10.7
11.2
11.6
12.0
12.3
12.6
12.9
13.4
14.2
14.9
0
0
0
0
0
0
0
0
0
0
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
34.2
34.1
33.7
33.2
32.8
32.1
31.6
31.3
30.9
30.5
34.1
33.9
33.5
32.9
32.4
31.5
31.0
30.6
30.1
29.6
26.1
26.6
26.9
27.0
27.0
27.0
27.4
27.8
28.2
28.6
3.8
5.1
6.5
7.7
8.6
9.6
10.6
11.6
12.5
13.6
4.6
4.3
4.7
5.6
6.0
6.4
6.3
6.3
6.6
7.1
46.4
46.5
46.5
46.3
46.2
46.2
46.2
46.3
46.4
46.6
19.7
20.0
20.4
20.8
21.1
21.3
21.6
21.8
21.9
21.8
.5
.8
1.2
1.6
2.3
2.8
3.3
3.6
3.8
4.0
26.4
25.9
25.2
24.4
23.7
22.7
22.0
21.6
21.1
20.7
26.4
25.9
25.0
24.1
23.3
22.1
21.5
20.9
20.5
19.9
21.9
22.3
22.4
22.2
21.8
21.5
21.8
22.1
22.4
22.6
3. 6
5.0
6.5
7.7
8.6
9.6
10.6
11.6
12.5
13.5
4.6
4.2
4.5
5.4
5.7
6.0
5.8
5.8
6.0
6.5
37.7
37.4
36.9
36.2
35.6
35.2
34.9
34.7
34.6
34.5
15.5
15.3
15.5
15.4
15.2
15.1
14.9
14.7
14.2
13.6
ill
1.4
1.9
2.3
2 5
2.4
2.5
2.5
1955
1956
1957
1958
30.0
29.6
29.4
29.2
29.0
28.6
28.4
28.2
29.0
29.3
29.5
29.5
14.5
15.5
15.8
15.3
7.8
8.4
8.9
9.3
46.8
47.0
47.3
47.5
21.6
21.2
20.7
19.9
3.8
3.5
3.4
3.4
20.1
19.8
19.6
19.4
19.3
18.9
18.8
18.6
22.8
23.1
23.0
22.7
14.5
15.4
15.4
14.4
7.2
7.7
8.2
8.5
34.7
34.7
34.9
35.0
12 9
11.9
11.1
10.1
2 2
2.0
2.0
2.2
1925
1926
1927 1928
1929
1930 .
1931
1932 .
1933
1934
..
..
1935
1936 .
1937
1938
1939 ..
1940
1941
1942
1943
1944 -
..
.5
7.:
7. '
8.(
8.;
8.;
9.(
9.'
9.'
10. (
10.;
10.1
10.!
11.:
11.'
12.
12..-
13.1
13.'
13.!
14.:
14. 1
15.:
SURVEY OF CURRENT BUSINESS
November 1971
25
Table 1.—Perpetual Inventory Estimates of Constant Dollar Gross and Net Stocks of Residential Structures and Mean Age of Stocks,
by Type of Structure, 1925-70—Continued
Gross stocks, by type of structure
End of year
Total,
all
types
Private
nonfarm
1-4
unit
5 or
more
unit
Public
Farm
Federal
State
and
local
Memoi*anda:
Commis sions on
used strt
_ ictures i
Net stocks, by type of structure
Private
Total,
non- Mobile
all
house- homes types
keeping
Private
nonfarm
1-4
unit
Public
Farm
5 or
more
local
Federal
State
and
local
Private
non- Mobile Gross
house- homes stocks
keeping
Net
stocks
Mean age of gross and net stocks (years) — Continued
1959
1960
1961
1962
1963
1964
-
1965
1966
1967
1968
1969
1970
...
.
.
28.9
28.7
28.5
28.3
28.1
27.9
27.8
27.7
27.6
27.5
27.4
27.3
29.2
28.8
27.9
26.8
25.3
24.0
14.6
14.7
14.9
15.3
15.9
16.6
9.7
10.2
10.5
10.7
11.2
11.7
47.8
48.0
48.2
48.3
48.5
48.7
19.0
18.0
16.9
15.9
14.6
13.6
3.4
3.6
3.9
4.1
4.1
4.1
19.1
19.0
18.9
18.7
18.6
18.5
18.3
18.3
18.3
18.2
18.2
18.2
22.0
21.2
20.0
18.5
16.7
15.4
13.2
13.0
13.0
13.3
13.8
14.5
8.8
9.2
9.4
9.5
10.0
10.4
35.2
35.4
35.4
35.4
35.4
35.5
9.2
8.4
7.7
7.1
6.6
6.3
2.3
2.5
2.7
2.8
2.8
2.8
27.7
27.7
27.7
27.6
27.6
27.6
27.2
27.3
27.4
27.4
27.5
27.7
23.1
22.4
22.0
21.3
20.4
19.7
17.2
18.0
18.9
19.7
20.4
21.1
12.3
12.7
13.0
13.4
13.7
13.9
48.8
49.0
49.0
49.1
49.1
49.0
12.8
12.2
11. 9
11.6
11.5
11.5
4.2
4.3
4.4
4.3
4.2
4.2
18.4
18.5
18.6
18.6
18.6
18.7
18.3
18.4
18.6
18.7
18.9
19.1
14.6
14.0
13.8
13.3
12.6
12.2
14.9
15.6
16.5
17.3
17.8
18.5
10.9
11.2
11.4
11.7
11.8
11.9
35.6
35.6
35.5
35.4
35.3
35.1
6.2
6 2
6.4
6.6
6.8
7.1
.8
y
.9
.8
.7
*Less than $0.05 billion.
1. These commissions apply to the "private nonfarm 1-4 unit" and "total, all types" stocks (see text, page 17).
Table 2.—Perpetual Inventory Estimates of Current Dollar Gross and Net Stocks of Residential Structures, by Type of Structure, 1925-70
End of year
Total,
all
types
Private
nonfarm
1-4
unit
5 or
more
unit
Public
Farm
Federal
State,
and
local
Memoranda:
Commissions on
used structures i
Net stocks, by type of structure
Gross stocks, by type of structure
Private
non- Mobile
house- homes
keeping
Total,
all
types
Public
Private
nonfarm
1-4
unit
Farm
5 or
more
unit
Federal
State
and
local
Private
Mobile Gross
non11 ouse- homes stocks
keep-
Net
stocks
Gross and net stocks (billions of dollars)
.925. .
.926
927
928
929 . .
930
931
932 . .
933
934
..
935
936
937
938
939
940
941. .
942. .
943
944.
945.
946
-J47
948
949
950
951
952
953
354
955
956
357 .
)58
)59
)60_.
)61
)62
)63
)64__
)65
)66 .
167
168
>69_.
170
...
.
0
0
0
0
0
0
0
0
0
0
14.8
14.6
14.4
14.4
14.0
13.2
11.3
9.9
10.2
10.5
3.1
3.5
3.7
4.1
4.3
4.2
3.7
3.3
3.4
3.6
0
0
0
0
0
0
0
0
0
0
79.5
83.2
86.0
90.7
92.8
87.3
75.1
65.9
68.0
70.2
64.0
66.6
68.5
72.1
73.8
69.7
60.1
53.0
54.7
56.4
5.8
6.6
7.5
8.4
8.9
8.4
7.2
6.3
6.4
6.6
0
0
0
0
0
0
0
0
0
(*)
0
0
0
0
0
0
0
0
0
0
7.9
7.9
7.8
7.8
7.6
6.8
5.6
4.9
5.2
5.5
1.8
2.1
2.2
2.4
2.5
2.4
2.2
1.7
1.7
1.7
0
0
0
0
0
0
0
0
0
0
3.1
3.1
3.2
3.3
3.4
3.5
3.5
3.4
3.4
3.4
2.0
2.0
2.1
2.1
2.2
2.2
2.2
2.1
2.1
2.0
(*)
.1
2
2
.'2
.2
.5
.9
1.7
2.0
0
0
0
(*)
.1
.3
.5
1.7
1.8
1.0
10.6
11.3
12.1
12.3
12.3
12.9
14.2
15.8
16.8
17.2
3.7
4.0
4.2
4.3
4.5
4.7
5.1
5.5
5.8
6.2
0
0
0
0
0
0
0
0
0
0
70.9
76.0
80.9
82.4
85.0
91.7
101.2
108.9
117.3
124.9
57.0
61.4
65.6
67.2
69.4
74.9
82.4
88.0
93.9
99.7
6.6
7.0
7.5
7.6
7.8
8.3
8.9
9.4
10.0
10.6
(*)
0
0
0
(*)
'.3
.6
.8
.8
.9
5.6
5.8
5.8
5.6
5.7
6.1
6.9
7.9
8.9
9.7
1.7
1.7
1.8
1.8
1.8
1.9
2.0
2.0
2.1
2.1
0
0
0
0
0
0
0
0
0
0
3.4
3.6
3.8
4.1
4.3
4.6
4.9
5.1
5.4
5.7
2.0
2.1
2.2
2.3
2.4
2.6
2.7
2.9
3.1
3.3
19.9
22.9
26.8
28.5
29.6
32.1
34.0
35.0
35.1
35.7
2.3
2 4
2.' 6
2.7
2.7
2.9
3.0
3.1
3.1
3.1
1.0
1.7
2.4
2.5
3.0
3.4
5.2
5.9
5.4
5.8
18.9
23.3
27.5
28.5
29.4
32.2
33.8
34.0
34.0
34.0
6.5
7.5
8.6
8.8
8.9
9.3
9.6
9.7
9.5
9.5
(*)
.'3
105.9
125.3
152.1
167.7
177.8
202.8
223.5
237.9
247.5
261.1
11.1
12.6
14.6
15.5
16.2
17.6
18.5
18.8
18.8
18.9
2.1
2.1
2.2
2.2
2.2
2.3
2.4
2.3
2.3
2.3
.9
1.5
2.2
2.3
2.6
3.1
3.8
4.5
4.8
5.2
10.2
11.9
13.9
14.4
14.5
15.4
16.4
16.7
17.0
17.1
2.1
2.4
2.7
2.8
2.8
2.9
3.0
3.0
3.0
3.1
(*)
.5
.6
.7
.8
1.0
1.2
1.3
132.3
155.9
187.9
205.2
216.4
244.5
268.0
283.7
293.9
308.3
2
'.3
.3
.4
.4
.5
.5
.6
6.0
6.8
7.8
8.8
9.8
10.8
11.3
11.8
12.3
12.9
3.5
4.0
4.6
5.2
5.8
6.4
7.0
7.4
7.8
8.2
463.4
496.0
517.7
540.9
579.8
600.8
614.1
641.3
675.1
707.2
37.4
39.0
40.1
41.6
43.9
45.6
48.2
52.2
57.2
62.2
3.2
3.4
3.6
4.0
4.6
4.9
5.3
5.6
5.8
5.9
6.4
6.8
7.2
7.9
8.5
9.0
9.6
10.6
11.2
12.1
35.0
36.4
37.0
37.2
37.6
37.7
37.9
38.0
38.3
38.4
9.8
10.2
10.5
10.8
11.4
11.9
12.6
13.6
14.9
16.3
1.5
1.9
2.3
2.7
3.2
3.6
3.9
4.4
5.0
5.9
335.5
359.4
376.7
395.4
424.9
440.9
453.4
477.6
505.1
533.1
286.5
308.6
324.3
340.6
366.8
380.4
389.2
407.0
428.5
450.1
19.7
20.4
21.0
21.9
23.4
24.6
26.7
29.8
33.7
37.7
2.3
2.3
2.5
2.8
3.3
3.5
3.7
3.9
4.0
4.1
5.4
5.8
6.0
6.5
6.9
7.1
7.7
8.4
8.7
9.3
17.6
17.7
17.8
17.9
18.0
18.1
18.1
19.3
19.6
19.7
3.3
3.6
3.8
4.2
4.7
5.3
6.0
6.9
7.9
8.9
.7
1.0
1.3
1.5
1.8
1.9
2.0
2.3
2.7
3.3
13.4
14.5
15.6
16.7
17.5
18.5
20.0
21.5
22.8
24.0
8.7
9.2
9.8
10.3
10.8
11.3
12.0
12.7
13.6
14.4
888.9
739.8
782.1
941.8
1, 010. 6
836.5
1, 094. 4
903.3
983.4
1, 197. 3
1, 284. 7 1, 050. 2
67.0
72.5
79.0
88.4
100.3
111.1
6.2
6.5
6.9
7.4
8.0
8.5
12.8
13.9
15.3
16.7
18.9
20.5
39.5
39.5
42.6
44.3
47.7
50.5
16.7
19.4
21.2
23.4
25.6
27.9
6.9
7.9
9.1
10.9
13.4
16.0
559.7
593.0
633.3
682.6
749.5
804.2
470.2
497.1
529.5
567.9
620.0
661.6
41.4
45.2
49.6
56.4
65.1
72.2
4.2
4.3
4.5
4.7
5.0
5.3
9.7
10.4
11.3
12.3
13.8
14.9
20.3
20.5
21.2
21.6
23.0
24.7
10.0
11.1
12.1
13.4
14.6
15.9
3.9
4.4
5.1
6.3
8.0
9.6
25.5
27.0
28.8
31.0
32.3
34.0
15.4
16.5
17.7
18.9
20.1
21.4
127.8
131.6
136.3
143.6
147.4
140.5
122.2
109.1
114.2
119.3
101.7
105.3
108.1
113.8
117.1
111.6
97.1
86.9
91.2
95.4
8.2
8.2
10.1
11.3
12.0
11.5
10.1
9.0
9.4
9.8
0
0
0
0
0
0
0
0
0
(*)
121.8
132.2
142.3
146.4
151.4
162 9
179.3
195.1
211.5
226 2
97.5
105.9
114.0
117.5
121.7
131.3
144.3
155.4
168.2
181.3
10.0
10.9
11.8
12.1
12.6
13.5
14.7
15.8
17.2
18.5
243.4
286.7
342.6
369.3
386.2
428.4
465.0
486.8
498.8
517.1
194.8
228.8
274.4
297.8
312.0
347.8
378.6
398.1
410.5
427.7
556.7
593,7
618.4
645.1
689.0
713.5
731.6
765.7
807.5
848.0
*Less than $0.05 billion.
1. These commissions apply to the "private nonfarm 1-4 unit" and "total, all types"
;ocks (see text, page 17).
'.2
2
'.2
.2
.4
.8
1.6
1.9
SURVEY OF CURRENT BUSINESS
26
Concepts and Methods of National Income Statistics, a reprint volume published for QBE in 1970 by the National
Technical Information Service, U.S.
Department of Commerce.
The investment flows were extended
back into the nineteenth century using
related data prepared by Government
agencies and private researchers. The
most important sources were: U.S.
Department of Commerce and U.S.
Department of Labor, Construction
Volume and Costs, 1915-1956, 1958;
David M. Blank, The Volume oj Residential Construction, 1889-1950, National Bureau of Economic Research,
1954; and U.S. Bureau of the Census,
Historical Statistics of the United States,
Colonial Times to 1957, 1960.
These investment flows represent the
value of new residential construction
put in place, net purchases of used
structures, and brokers' commissions on
the sale of structures. The sources of
the current-dollar data are given below
by type of residential structure.
Private nonfarm structures, 1-4 units
and 5 or more units. The value of
construction put in place for new structures is derived by the Bureau of the
Census from a monthly survey of
housing starts. The value of new units
started in a given month is derived
from building permit data, and this
value is distributed over the following
12 months on the basis of fixed progress
Table 3.—Age Distribution of Constant Dollar Gross Stocks of Residential Structures
(Perpetual Inventory Estimates) and Ratio of Net to Gross Stocks, by Type of Structure,
Selected Years, 1925-70
Age distribution of gross stocks (percent)
End of year
Net/
gross
ratio
Age (years)
1-5
6-10
11-20
21-30
31-40
41-50
51-60
61 or more
Total, all types
1925 . .
1930.
1935
1940 . .
1945
..
1950 _
1955
1960 .
1965
1970
16.1
14.3
3.6
8.1
5.6
6.6
14.1
14.2
3.5
7.9
19.8
14.2
19.6
26.7
16.5
16.1
16.1
17.1
13.2
18.1
17.8
14.2
13.6
14.7
15.4
10.7
13.4
14.4
12.4
11.8
7.2
6.7
8.5
11.4
12.1
5.7
7.0
9.0
10.0
12.6
0.62
.62
.58
.56
.54
17.1
17.6
16.1
15.6
13.1
4.9
14.6
15.4
14.1
14.0
9.7
10.0
16.3
24.6
24.8
22.4
12.1
7.1
7.5
12.7
10.8
13.1
16.3
8.9
5.4
11.6
10.6
7.5
9.4
12.1
9.4
7.8
7.8
7.3
5.3
14.1
14.2
13.5
12.6
12.6
.57
.60
.62
.63
.63
Private nonfarm 1-4 unit
1925.
1930
1935.
1940
1945
16.7
13.8
4.0
8.3
5.3
5.9
14.7
13.6
3.7
8.2
20.2
13.8
19.6
26.5
16.3
16.1
16.5
17.5
12.7
18.0
18.6
14.3
13.5
14.9
15.7
10.8
14.4
15.1
12.3
11.6
7.0
6.1
8.5
12.2
12.6
4.7
6.4
8.2
9.4
12.3
.63
.62
.58
.57
.54
1950
1955
1960. . . _
1965
1970. . .
18.5
19.4
17.0
14.6
11.6
4.6
15.4
16.6
15.0
13.3
10.0
9.6
16.6
26.4
27.3
21.9
11.4
7.2
7.2
13.2
10.2
12.5
15.4
8.4
5.5
11.5
10.4
6.8
9.0
11.7
9.2
7.4
7.5
7.2
5.0
14.1
13.9
12.9
12.2
12.4
.58
.62
.63
.64
.63
Private nonfarm 5 or more unit
1925
1930
1935
1940
1945
1950
1955
I960.
1965
1970 .
. ..
31.8
32.0
2.9
7.2
3.0
7.9
21.9
31.7
2.7
7.1
25.0
14.9
26.9
50.4
32.4
14.9
13.9
16.9
13.8
25.3
11.8
7.5
9.7
12.5
15.3
6.8
7.9
7.2
6.3
8.3
1.5
1.6
3.9
6.0
5.6
.3
.3
.8
1.1
3.0
.71
.73
.66
.61
.56
11.9
7.7
13.9
31.6
29.0
2.8
11.4
6.9
9.8
23.4
8.9
8.9
12.7
12.4
11.0
45.3
27.9
7.6
5.7
6.7
11.9
21.3
37.8
17.2
3.8
10.2
12.1
9.2
12.7
18.3
4.6
5.9
7.2
6.4
3.9
4.4
4.8
4.7
4.2
3.9
.56
.53
.55
.62
.65
Farm
1925.
1930
1935
1940
1945. .. .
4.5
4.9
1.8
3.3
.2
9.2
4.5
5.1
1.8
3.5
14.2
16.4
14.0
9.8
7.3
17.0
14.9
14.4
17.0
15.0
15.5
18.1
17.1
15.4
15.3
12.5
10.0
15.2
18.1
17.7
10.8
14.0
11.7
9.7
15.0
16.3
17.2
20.7
24.9
26.0
.53
.51
.48
.46
.47
1950
1955
1960
1965..
1970
7.7
5.6
3.8
4.1
4.6
.3
7.8
5.7
4.0
4.1
5.3
3.7
8.4
14.2
10.2
10.1
7.2
5.5
4.6
10.4
17.5
14.7
10.4
7.6
6.1
15.4
14.6
17.5
15.0
10.6
17.4
16.2
14.8
14.3
17.0
26.3
30.2
33.9
36.2
37.0
.48
.49
.48
.49
.49
November 1971
patterns. Expenditures for additions
and alterations expenditures are determined by a quarterly Census Bureau
household survey. These series for new
housing units and additions and alterations were allocated by OBE between
1-4 unit structures and 5 or more unit
structures using data from building
permits and FHA records. Net purchases of used structures by this sector
are derived from the data on net
purchases described below under publicly owned structures and farm structures. Brokers' commissions on the
sales of both new and used structures
are estimated by OBE from data from
Government and trade sources.
Publicly owned structures, Federal and
State and local. Public expenditures on
new residential construction are estimated from monthly Census Bureau
surveys of Federal Government agencies, State governments, and a sample
of local governments. Expenditure data
are lagged one month to produce valueput-in-place estimates. Net purchases
of used structures are estimated by
OBE from expenditure data of certain
Federal agencies and State and local
governments.
Farm structures. New construction
estimates are derived by the U.Su
Department of Agriculture from farm
expenditure surveys. Transfers of farm
housing to nonfarm use during the last
three decades were estimated by OBE
from the decennial Censuses of Housing.
Private
nonhousekeeping
units.
Monthly estimates of new construction put in place are derived by the
Census Bureau from contract award
data using fixed monthly construction
progress patterns.
Mobile homes. Data on manufacturers'
shipments of mobile homes from trade
sources are raised to average retail
values by OBE.
These current-dollar data are deflated to constant (1958) dollars using
the price indexes described below.
These price indexes are also used to
revalue the stock estimates in constant
(1958) prices to current-year prices.
Starting in 1963, the Census Bureau's
index of the price of new one-family
houses sold is used to deflate residentiaJ
investment. This index is based on a
survey of sales prices and characteristics
SURVEY OF CURRENT BUSINESS
November 1971
27
Table 4.—Alternative Estimates of Residential Capital Consumption, Nonfarm and Farm,
1925-70
[Billions of dollars]
Nonfarm
Total of nonfarm and farm
Year
NIA
Perpetual
inventory
NIA
Historical cost
Current
cost
Farm
Perpetual
inventory
NIA
Historical cost
Current
cost
Perpetual
inventory
Historical cost
Current
cost
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
n.a.
n.a.
n.a.
n.a.
1.7
1.8
1.7
1.7
1.7
1.7
.1
.1
.2
.3
.4
.4
.4
.4
1.4
1.4
1.8
1.9
1.9
2.0
2.1
2.1
1.9
1.5
1.4
1.7
n.a.
n.a.
n.a.
n.a.
1.5
.5
.6
.6
.6
.5
1.0
.0
.1
.2
.3
.3
.3
.3
.3
.3
.6
.7
.7
.8
.9
.9
.7
.4
.3
.5
n.a.
n.a.
n.a.
n.a.
.2
.3
.1
.1
.1
.2
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1.7
1.8
1.8
1.9
1.8
1.9
2.0
2.1
2.1
2.2
1.4
.4
.4
.4
.4
.5
.5
.5
.5
.5
1.6
1.7
1.9
1.9
2.0
2.1
2.3
2.5
2.6
2.9
.5
.6
.6
.7
.7
.7
.8
.9
.9
.9
.3
.3
.3
.3
.3
.3
.4
.4
.4
.4
.5
.6
.7
.8
.8
.9
2.1
2.3
2.4
2.6
.2
.2
.2
.2
.1
.2
.2
.2
.2
.3
.1
.1
.2
.1
.2
.2
.2
.2
.2
.3
L945
L946
1947
KHg
1949
I960
[951
L952
L953
1954
2.2
2.4
2.7
2.9
31
3.4
4.0
4.2
4.6
5.1
.5
.6
.7
.9
2.2
2.6
2.9
3.2
3.5
3.8
3.0
3.3
4.1
4.8
4.9
5.5
6.1
6.5
6.8
7.0
1.9
2.1
2.3
2.5
2.7
3.0
3.4
3.7
4.1
4.5
.4
.5
.6
.8
2.0
2.4
2.7
3.0
3.3
3.6
2.7
3.0
3.8
4.4
4.5
5.0
5.7
6.1
6.4
6.5
.3
.3
.4
.4
.4
.4
.6
.5
.5
.6
.'2
.2
.2
.2
.2
.2
.3
.3
.3
.4
.4
.5
.4
.4
.4
.5
955
5.5
5.8
6.3
6.7
7.1
7.6
8.0
8.5
9.1
9.6
4.2
4.6
5.0
5.3
5.7
6.1
6.4
6.8
7.3
7.7
7.5
8.2
8.7
9.0
9.6
10.1
10.4
10.9
11.6
12.2
5.0
5.3
5.7
6.1
6.5
7.0
7.4
7.9
8.4
8.9
4.0
4.4
4.8
5.1
5.5
5.9
6.2
6.6
7.1
7.5
7.0
7.7
8.2
8.6
9.1
9.6
9.9
10.4
11.0
11.7
.5
.5
.6
.6
.6
.6
.6
.6
.7
.7
.2
2
'.2
.2
.2
.2
.2
.2
.2
.2
.5
.5
.5
.4
.5
.5
.5
.5
.6
.5
10.2
10.5
11.1
11.6
12.3
13.0
8.2
8.7
9.1
9.6
10.2
10.7
12.8
13.5
14.5
15.6
17.1
18.2
9.4
9.8
10.3
10.8
11.4
12.0
8.0
8.5
8.9
9.4
10.0
10.5
12.3
13.0
14.0
15.1
16.5
17.6
.8
.7
.8
.8
.9
1.0
.2
.2
.2
.2
.2
.2
.5
.5
.5
.5
.6
.6
1956
.957 .
.958
959
960
. .
_-
.
961 .
962
963
964
965
966
957
968
969
970
n.a.
0.
0.2
.2
.2
.2
.2
.2
.2
.1
.1
.2
Not available.
)f new one-family houses sold. The
iverage sales prices are adjusted for
changing proportions of cost-associated
>hysical characteristics of houses to
>roduce the price index. This index
s adjusted for changes in site values
ising FHA data to produce the deflator.
See the reference in footnote 7 for a
letailed description of the index.) For
r
ears prior to 1963, the privately,ompiled Bo^ckh (residences) index is
ised as the residential deflator. It is an
ndex of residential construction costs,
epresenting a weighted average of
onstruction wage rates and materials
'rices.
(Continued from page 7)
Most of the major components of
icome showed little change in October,
lent, interest, and dividends, which
ypically rise by small amounts, were
inchanged. Farm proprietors' income
fell slightly after several months of
large gains, and transfers declined $%
billion after having been swelled in
September by a $1 billion nonrecurring
payment. Wage and salary disbursements rose $1% billion, with manufacturing payrolls up more than $1
billion and others were generally little
changed. In manufacturing, the increase in pay reflected a rise in weekly
hours in some higher paying durable
goods industries.
Production and Employment
in October
Industrial output was virtually unchanged from September to October.
Thus far this year, the Federal Reserve's index of total production has
fluctuated within the narrow range of
105 to 107 percent of its 1967 base
(chart 3). The index had been edging
up in the spring, but was depressed in
July and August by steep reductions
in steel output. Steel production recovered in September and October, and
though still considerably below normal
levels, it is no longer a drag on the
aggregate index.
Private housing starts edged up
slightly in October to a seasonally
adjusted annual rate of 2 million
units. All of the increase was in multifamily units; starts of single family
units were unchanged from September
to October. Starts were modestly higher
in all regions except the West, where
there has been recent evidence of
some overbuilding. Building permits,
which had declined slightly from July
to September, rose sharply in October,
with increases in permits for both
single family and multi-family units.
Unemployment declines
Labor market indicators showed some
improvement in October as unemployment edged down to 5.8 percent of the
civilian labor force (seasonally adjusted) and employment expanded by
320,000 persons. This was the fourth
consecutive monthly gain in employment and brought the figure to 79.8
million, up l}i million from the level
that had been maintained for a year
or more up to mid-1971.
The October reduction in unemployment was due largely to a decline in
the number of workers who had been
laid off and was concentrated among
adult men. The unemployment rate
for married men fell from 3.3 percent
to 3.0 percent, its lowest level in a
year. However, the rates for adult
women (5.5 percent) and teenagers (17
percent) were little changed. Also, the
number unemployed 15 weeks or longer
was unchanged in October for the
third consecutive month.
The number of workers on nonagricultural payrolls would have risen by
about 85,000 in October had there not
been a net increase in the number of
workers on strike. Because of the
increase in strikers, the employment
total as reported in the payroll survey
was unchanged, following a large gain
of 375,000 in September. The average
workweek in the private economy
lengthened to 37.1 hours in October,
more than offsetting a decline to 36.7
hours in September.
SURVEY OF CURRENT BUSINESS
28
November 1971
~l
Sources and Uses of Funds of Nonfarm
Nonfinancial Corporations; Size and
Composition of personal Saving
Estimates of the sources and uses of funds of nonfarm nonfinancial corporations are shown in table A for the period
1970-1—1971-11. Data for earlier periods were published in the
November 1969 and August 1971 issues of the SURVEY. Table B
shows data for 1970-1—1971-11 on the volume and composition
of individuals' saving. Data back to the beginning of 1966 were
published in the August 1971 SURVEY. The 1970 figures in tables
A and B have not been revised; i.e., they are the same as those
published in the August issue.
The source of the data in tables A and B is the Flow of Funds
accounts prepared by the Board of Governors of the Federal
Reserve System. The figures are shown here for the convenience
of SURVEY readers.
Table B. —Amount
and
Composition of Individuals' Saving
1970-71
[Billions of dollars]
1970
1971
Line
I
II
III
I
IV
II
Seasonally adjusted at annual rates
Table A.—Sources and Uses of Funds, Nonfarm Nonfinaneial
Corporate Business, 1970-71
[Billions of dollars]
19 n
19'ro
I
II
III
IV
I
II
Seasonall y adjust 3d at anrlual rates
Sources, total. ..
nternal sources l
Undistributed profits l
Corporate inventory valuation adjustment _ .
Capital consumption allowances i
External sources
Stocks
.Bonds 2
Mortgages .
Bank loans, n e e
Other loans. _.
Trade debt.
Profits tax liability...
Other liabilities
Uses, total
117.4
105.4
96.8
103.0
59.7
13.4
61.8
12.8
62.1
13.4
62.4
9.6
68.3
12.3
123.7
71.8
15.7
16
17
18
19
52.1
-4.2
53.3
—5.5
54.2
-2.6
55.4
-3.5
59.5
-5.1
61.2
57.8
6.3
13.9
4.3
56
6.8
15.3
-2.5
8.0
43.5
6.2
22 7
3.4
83
4.7
.7
-4.6
2.2
34.7
5.0
20 7
58
40.5
49.7
23.8
23.8
—1 5
3.6
35
-3.0
.6
—7. 7
22
23
24
1.7
— i
5.1
.3
.4
2.4
51.9
16.4
22.1
12.3
2 5
-1.2
— 6. 3
5.8
.3
116.0
106.1
94.2
99.1
109.6
111.5
83.8
78.7
4.8
.3
91.7
81.0
4.5
6.3
26
27
28
1.2
1.1
—.7
4.2
25.8
3.0
.3
30
.8
-7.3
6.1
1.7
11.6
9.6
19 8
7.2
4.7
—1 5
6.0
-5.5
3.4
1.8
.0
10.8
-3.9
-8.3
-12.1
9.6
7.8
5.6
3.0
-3.3
80.1
77.0
2.8
.3
82.5
78.5
2.8
1.2
88.3
80.6
3.5
4.2
86.0
76.9
4.3
Increase in financial assets
Liquid assetsDemand deposits and currency.
Time deposits
U.S. Government securities
Open-market paper
State and local obligations
Consumer credit
Trade credit
Other financial assets 2
35 9
11.8
-2.4
5
-5.4
18.6
.6
1.5
18.6
3.9
23.6
14.0
-2.9
61
1.3
7.4
2.0
1.4
4.8
3.4
59
1.4
.6
32 3
-3.9
-29.1
1.6
1.7
2.0
.7
13.1
.7
-2.6
-1.4
4.8
8.5
.8
12 2
-4.5
-1.2
9.0
8.8
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. 14 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; (2) these figures include and cash flow in
the gross corporate product table excludes, the corporate inventory valuation adjustment;
and (3) these figures exclude, and the gross corporate product figures include, the internal
funds of corporations whose major activity is farming.
2. Foreign investment excludes amounts financed by bond issues abroad, and bond issues
outside the United States are excluded from financial sources of funds above.
Source: Board of Governors of the Federal Eeserve System.
12
13
14
15
-5.8
Purchases of physical assets
Nonresident ialfixedinvestment. .
Residential structures
Change in business inventories
Discrepancy (uses less sources)
118.0
1 Increase in financial assets
2
Currency and demand deposits. .
3
Savings accounts
4
Securities
5
U S savings bonds
6
Other U.S. Treasury securities
7
U.S. Government agency securities8
State and local obligations
9
Corporate and foreign bonds.
10
Investment company shares
11
Other corporate stock
20
21
25
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
Private life insurance reserves
Private insured pension reserves
Private noninsured pension reserves. .
Government insurance and pension
reserves.
Miscellaneous financial assets.
57.4
5.5
50
21.7
— 9
6.4
9.3
1.2
12.3
1.6
-8.3
75.3
7.5
30 7
6.5
— 2
-7.0
3.9
-.4
10.2
2.7
-2.8
4.8
3.0
5.7
6.6
4.8
3.0
5.3
13.1
90.4
84.9
80.7
5.1
1.1
10.9
44 2
97.9
49.1
6.6 -1.2 -53.1
5
1.7
1.9
-1.4 -14.8 -34.6
5.0 -1.4 -17.2
-9.5
.0
2.7
9.5
11.3
14.9
.2
2.1
3.4
-2.7 -6.4 -13.0
4.8
3.1
6.2
7.5
4.8
3.1
9.0
8.9
4.8
5.9
7.8
9.0
114,
15
67.
-1
2
-4
-3
-1
7
-3
4
3
7
13
5.1
4.4
7.5
6.0
7.2
*S
Gross investment in tangible assets
Nonfarm homes... _ ._
Noncorporate business construction
and equipment
Consumer durables
.
Inventories
137.8
19.7
140.4
19.4
138.7
17.3
134.0
19.2
155.4
21.6
15£
24
29.4 . 29.4
90.7
88.6
.1
.9
30.2
90.4
.9
31.0
84.9
-1.1
33.4
97.6
2.9
&
10(
Capital consumption allowances
Nonfarm homes. .
Noncorporate business plant and
equipment.
Consumer durables
109.6
9.1
111.5
9.2
113.0
9.3
113.8
9.4
115.7
9.6
IK
22.2
78.2
22.4
80.0
22.6
81.1
22.7
81.7
23.6
82.4
Net investment in tangible assets
Nonfarm homes
_.
Noncorporate business construction
and equipment
Consumer durables
Inventories
28.2
10.6
28.8
10.2
25.7
8.0
20.2
9.9
39.7
12.0
7.2
10.4
.1
7.0
10.7
.9
7.6
9.2
.9
8.3*
3.1
-1.1
9.7
15.1
2.9
Increase in debt..- .
.
_ _ . ._
Mortgage debt on nonfarm homes
Noncorporate business mortgage
debt
Consumer credit.
Security credit
Policy loans
Other debt
24.3
11.0
26.8
12.2
37.2
13.7
27.2
13.0
42.5
13.1
5
2
6.5
4.8
-5.2
2.9
4.3
6.5
6.1
-3.9
2.7
3.2
9.4
6.2
.9
2.0
4.9
9.8
.2
.6
1.4
2.1
9.9
4.0
1.1
.9
13.3
1
61.3
77.3
73.5
73.7
87.7
9
Individual saving (1+26-31)
..
Less: Government insurance and pension reserves
Net investment in consumer
durables...
..
Capital gains dividends from investment companies
Net saving by farm corporations
Equals personal saving, flow of funds
account basis. _
__
Personal saving, national income and
product account basis
Difference (44—43)
2<
s:
4:
i
ii1
i
1
6.6
13.1
7.5
8.9
9.0
1
10.4
10.7
9.2
3.1
15.1
1
1.4
1.2
.8
.2
.4
.0
.0
.0
.0
.0
42.9
52.3
55.9
61.4
63.1
6
46.2
3.3
54.2
1.9
57.4
1.5
58.5
-2.9
58.4
-4.7
6
1. Combined statement for households, farm, and nonfarm noncorporate business.
Source: Board of Governors of the Federal Reserve System.
U.S. GOVERNMENT PRINTING OFFICE : 1971 O - 448-C
CURRENT BUSINESS STATISTICS
J_HE STATISTICS here update series published in the 1969 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $3.00) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1965 through 1968 (1958-68 for major quarterly series), annually, 1939-68; for selected series,
monthly or quarterly, 1947-68 (where available). Series added or significantly revised after the 1969 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger ( f ) , respectively; certain revisions for 1968 issued too late for inclusion in the 1969 volume appear in the monthly
SURVEY beginning with the September 1969 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding
to revised annual data are available upon request.
The sources of the data are given in the 1969 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and
are also listed alphabetically on pages 189-90.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely.
Data from private sources are provided through the courtesy of the compilers, and are subject to their copyrights.
1968
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown in
the 1969 edition of BUSINESS STATISTICS
| 1969
1968
1970
1969
III
IV
I
II
1971
1970
IV
III
I
II
III
IV
I
|
II
|
III
Annual total
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
1,020.8 1, 013. 1
a, oeo.s
644.6
660.9
' 672. 5
84.9
32.7
37.6
97.6
44.1
39.5
100.8
45,7
40.4
104.7
'49. 2
'40.6
265.5
52.4
132.4
22.9
270.9
54.2
134.3
23.5
272. 0
54.9
135.1
23.8
279.8 r 282. 0
57.0
'57.3
138.2 r 139. 2
24.3 ••25.0
260.2
35.7
90.3
17.6
265.0
36.7
91.8
18. 1
268.9
36.9
94.1
18.3
275.0
37.7
96.4
18.6
280.4
38.6
98.6
18.9
_ bil.$
864.2
929.1
974.1
875.2
890.2
906.4
921.8
940.2
948.0
956.0
968.5
983. 5
988.4
Personal consumption expenditures, total
do
536.2
579.6
615.8
544.0
552.5
564.3
575.8
584.1
594. 2
604.0
613.8
620.9
624.7
Durable goods total 9
Automobiles and parts
_
Furniture and household equipment
do
do
do
84.0
37.5
34.3
89.9
40.4
36.3
88.6
37.1
37.4
86 3
38.9
35.1
87 0
39.0
35.0
89 5
40. 1
35.6
90 6
39.9
37.0
89 4
40.4
36.2
90 3
41.0
36.2
88 6
37.8
37.3
90.7
39.1
37.6
90.4
38.8
37.0
___
do
_do
do
_ _ do
230.8
46.3
115.3
19.0
247.6
50.3
122.5
21. 1
264.7
52.6
131.8
22.9
233.6
47.4
116.5
19.2
236.9
47.7
117.9
19.4
241.5
48.5
120.4
20.2
246.4
50.6
121.9
20.8
249.4
51.0
122.9
21.5
253.1
51.1
124.8
21.9
259.4
51.6
128.9
22.5
262.9
52.1
131.4
22.6
do
_ _ _ .do
_do
do
221.3
31.2
77.3
15.5
242.1
33.7
84.0
16.5
262.5
36.1
91.2
17.9
224.1
31.5
77.8
15.7
228.6
32.1
79.7
15.8
233.4
32.8
81.4
16 2
238.9
33.0
83.0
16.4
245.2
34.1
84.7
16 6
250 8
35.0
86.9
16 8
256 1
35.1
88.7
17 5
Gross national product, total f
Nondurable goods, total 9
Clothing and shoes
Food and beverages
Gasoline and oil
Services, total 9
Household operation
Housing _ _ _ _ _ _
Transportation
_
-
__ _
285.7
••39.7
- 100. 7
^19.1
126.0
137.8
135.3
126.2
130.7
134.3
137.0
141.8
138.0
131.2
134.1
138.6
137.3
143.8
152.4
r 153.
6
118.9
88.8
30.3
58.5
30.1
29.5
7. 1
6.9
130.4
98.6
34.5
64.1
31.8
31.2
132. 5
102. 1
36.8
65.4
30.4
29.7
118.5
88.8
30.0
58.8
29.7
29.2
127.6
95.0
33. 1
61.8
32.7
32. 1
132.3
102.2
36 0
66.2
30.1
29 5
130.8
100.8
36 1
64.7
30.0
29 4
132.1
102.1
36.6
65.6
29.9
29.3
116 7
107.0
38.2
68.8
39.7
39.1
r 152.
5
.1
3.7
3.3
3.2
3.0
5.7
5. 5
2.1
1.8
133.5
104. 8
37.3
67.5
28.7
28. 1
6.8
6.7
131.4
100.7
36.0
64.7
30.7
30. 1
10.4
10.3
140.6
104. 3
37.9
66.3
36.4
35.7
7.7
7.5
130.2
96.6
33.0
63.6
33.6
33. 1
133.6
100.8
37.1
63.7
32.8
32.2
2.8
2.5
122.6
91.2
31.2
60.1
31.4
30.8
_ _ do
do
do
2.5
50.6
48.1
2.0
3.4
4.0
2.7
-.5
50.8
49.5
48.0
46 6
2.7
3.5
53.1
49.7
56.9
55 7
2.8
4.2
62.9
59.3
1.2
4.2
55.6
53.6
3.6
58.3
55 5
59.2
56 6
61.5
58 0
63.2
59 0
63.7
59 7
63.2
60 5
66.1
61.9
63.4
66.9
'68.9
'68.4
Govt. purchases of goods and services, total__do
Federal. __ _
do
National defense . _ _ _
_ _ .
_. d o _
State and local
do
199.6
98.8
78.3
100.8
209.7
99. 2
78.4
110.6
219.4
97.2
75.4
122.2
201.6
99.8
79.1
101.8
205.7
100.6
79.4
105. 1
206.5
99.2
78.3
107.3
207.8
97.7
77.5
110 1
211. 5
100 3
79.4
111 2
213.0
99 5
78.4
113 5
217.3
100 2
78.9
117 1
216.5
96 8
75.1
119 7
220.1
96. 1
74.2
124.0
223.7
95.9
73.2
127.9
228.2
96.7
73.0
131.5
230.2
95. 7
71.8
134. 5
' 234. 2
'97.4
' 70. 8
136.8
857. 1
921 7
449. 9
180. 9
269. 0
377.4
94.4
971 3
465 5
180.8
284.7
410.3
95. 5
867 5
428 9
172.4
256.5
351.4
87 2
882 1
433 i
174.0
259. 1
357. 6
91 4
899 8
441 3
179. 1
262.2
364.0
94 5
915 0
447 7
179. 6
268.0
371 9
95 3
929 8
452 3
181.3
271.0
383 0
94 5
942 3
458 3
183.4
274.9
390 6
93 4
955 6
461 5
181.5
279 9
400 8
93 4
966 5
466 6
183.7
282.9
406 2
93 7
978 4
469 8
184.9
284.9
413.7
94 9
984 7
464 0
173.1
290.9
420.6
100 1
2.8
7 7
4 5
3. 1
8. 1
6 0
2. 1
6 6
38
10 4
6 5
4 0
5 7
3 0
2 8
4
2.8
6 8
4 7
2 1
—1 8
2 2
2 1
—2 0
4 0
51
4 7
37
—3 4
7. 1
-.6
724.2
727.8
725.2
719.8
721.1
723.3
715.9
729.7
738.4
' 745. 5
' 496. 5
Gross private domestic investment, total
do
Fixed investment
_ _ do
Nonresidential
_ _ _
__
_do_ __
Structures
do
Producers' durable equipment
_ _ -do
Residential structures
_ _ _ _ _ _
do___
Nonfarm
do
Change in business inventories
do
Nonfarm
_ _ _ _do _
Net exports of goods and services
Exports
Imports
By major type of product: f
Final sales, total
Goods, total
Durable goods
Nondurable goods
Services. __ , _ _
Structures
_ _ _
do
do
do
_. _ do_ _
do
do
Change in business inventories
Durable goods
Nondurable goods.
_
do
do
do
422. 4
169. 6
252.9
346. 6
88. 1
7.1
4.9
2.1
7.4
7.3
7.4
4 5
2.9
— 6
3,4
8.1
8.1
6.6
6.5
1.3
1.4
5.7
.4
5.1
4.7
.4
5 2
' 109. 3
' 39. 1
'70.1
'43.3
'42.7
r
1.1
'.3
'.5
1,017 6 1,037 4 '1,059.7
488 9 '500 2
480 0
191.5 ' 198. 0
188.0
297.4 ' 302. 2
292. 0
43!). 8 ' 446. 1
432.3
108 6 ' 113. 4
105 2
5.7
3.2
2 7
38
3.0
' 1.1
' —.5
'1.6
GNP in constant (1958) dollars
Gross national product, total t
Personal consumption expenditures, total
Durable goods
Nondurable goods
Services
Gross private domestic investment, total
Fixed investment
Nonresidential
_ _
Residential structures... .
Change in business inventories
bil. $__
706.6
724.7
720.0
712.3
716.5
721.4
do
452.7
469.3
475. 9
457.7
460.2
465.7
469.0
469.9
472.6
474.4
477.1
477.9
474.2
484.8
492.3
do
do
do
81 3
197. 1
174 4
84 8
202.7
181 8
81 4
207 3
187 2
83 4
198 6
175 8
83 3
199 4
177 5
85 2
201 6
178 9
85 6
202 8
180 6
84 0
203 0
189 9
84 4
203 4
184 8
82 3
205 7
186 4
83 8
206 5
186 8
82 8
207 3
187 9
76 6
209 7
187 9
86 7
209 2
188 8
89 2
213 2
190 0
do
105.2
109.6
102.2
104. 9
107.7
108.4
109.4
112.4
108. 2
101.0
102.7
104.0
101.2
104.7
109.9
' 109. 0
98 8
75.6
23.2
103 2
80 1
23.1
99 9
78 6
21.3
97
75
2?
7
9
3
6
0
100 3
76 6
23 7
109
78
24
5
103
79
24
5
103
81
22
9
2
1
1
2
103 3
81 7
21 6
4 9
100 7
79 3
21 4
100
79
21
2
100
80
20
3
102
77
24
2
1
5
6
6
105 0
78 7
26.4
' 107. 6
79.2
'28.5
' 1.3
6
6
17
o 6
3 2
2 1
2 6
-1.0
144.8
73 2
71 6
143.8
71 6
142.6
69 4
73 2
138.7
65 3
73 4
138.2
63 8
138.3
63 °
75. 2
137.6
61 5
76.1
137.1
60 5
76.6
do
do
do
do. _
6.4
6.4
2.3
7.4
8
6
1
7
do
1.0
.1
2 4
16
— 3
r
Govt. purchases of goods and services, total.. do
Federal
_
do
State and local
_
do
147.7
78 1
69.6
145. 6
73 8
71. 9
139.4
65 4
74.0
148.0
78 4
69.7
149.0
78 1
70.9
147.8
76 3
71.4
Net exports of goods and services
T
Revised.
p Preliminary.
t Revised series. Estimates of national income and product
and personal income have been revised back to 1967 (see p. 13 ft of the July 1971 SURVEY) ;
Digitized for448-091
FRASER
O - 71 - S - 1
5
1
4
8
146.1
73 9
72. 1
72' 2
3
7
4
3
0
1
1
0
9
74.' 3 1
98
75
22
3
1
5
6
1
4.9
' 92 0
213.2
191 3
' .5
' 139. 5
' 62 5
77.0
revisions prior to May 1970 for personal income appear on p. 22 ff. of the July 1971 SURVEY.
9 Includes data not shown separately.
s-l
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown in
the 1969 edition of BUSINESS STATISTICS
1968
! 1969
1970
Annual total
1969
1968
IV
November 1971
I
II
1970
III
IV
I
1971
m
II
IV
I
II
'
1
I
/
III
IV
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
National! income totalt
bil $
Compensation of employees total
Wages and salaries total
Private
Military
Government civilian
Supplements to wages and salaries
Proprietors' income, total 9
lousiness and professional 9
Farm
Rental income of persons
711.1
763.7
795.9
732.7
745.9
758.9
771.7
778.2
785.8
793.4
802.2
802.1
828.3
844.5
do
514.6
565.5
601.9
533.6
545.9
559.1
573.6
583.6
593.2
598.5
606.5
609.3
627.9
639.5
' 647. 7
do
do
do
do
do
do
do
do
do
464.9
369.2
17.9
77.8
49.7
64.2
49.5
14.7
21.2
509.6
405.5
19.0
85.1
56.0
67.0
50.3
16.8
22.6
541.4
426.6
19.4
95.5
60.5
66.9
51.0
15.8
23.3
481.6
382.7
18.2
80.7
52.0
65.3
49.8
15.5
21.3
491.8
391.8
18.1
81.9
54.1
66.7
50.2
16.5
22.0
503.7
402.0
18.4
83.4
55.3
67.1
50.5
16.6
22.6
516.9
410.4
20.0
86.5
56.7
67.1
50.5
16.6
22.7
525.8
417.7
19.6
88.5
57.8
67.2
49.8
17.4
22.9
534.7
422. 5
20.2
92. 1
58.5
68.0
50.2
17.8
23.0
538.5
424. 4
19.5
94.5
60.0
67.6
51.0
16.6
23.2
545.2
429.4
19.2
96.6
61.3
66.0
51.4
14.5
23.4
547.2
429. 9
18.6
98.6
62.1
65.9
51.5
14.4
23.7
562.3
441.2
19.2
101.8
65.7
66.0
51.2
14.8
23.8
572.4
449.8
18.6
104.0
67.1
66.7
51.5
15.2
24.2
r 579. 0
r 454. 0
18.0
106.9
68.7
68.8
51.8
17.0
24.5
84.3
78.6
70.8
84.7
82.7
80.7
78.0
73.3
69.8
71.5
73.0
69.0
75.5
78.3
P77.2
11.3
73.0
41.7
19 3
22.4
12.1
66.5
36.0
17.5
18.4
12.8
58.1
29.5
16.6
13.0
11.8
72.9
41.6
19.1
22.5
12.0
70.7
39.3
18.2
21.1
12.3
68.4
36.9
18.0
18.9
12.2
65.8
34.8
17.0
17.8
12.0
61.3
33.0
16.9
16.1
11.3
58.5
31.1
16.7
14.3
12.1
59.4
31.5
16.5
14.9
13.5
59.5
30.6
16.8
13.8
14.0
54.9
25.0
16.2
8.8
14.1
61.4
32.4
16.4
16.0
13.6
64.7
33.3
17.3
16.1
P14.2
P63.0
10.6
20.7
10.0
20.6
8.0
20.5
10.3
21.0
10.6
20.8
10.4
21.0
9.8
21.2
9.1
19.2
8.2
19.2
7.8
20.1
7.9
20.9
8.1
21.9
7.3
21.6
7.7
23.6
87.6
39.9
47.8
23.6
24.2
-3.3
26.9
84.2
39.7
44.5
24.4
20.0
-5 5
29.9
75.4
34.1
41.2
25.0
16.2
— 4.5
33.0
89.0
40.4
48.5
24.3
24.3
-4.2
27.8
88.7
41.8
46.9
24.0
22.9
-6.0
28.6
86.9
41.0
45.9
24.2
21.6
-6.3
29.4
81.2
38.2
43.0
24.7
18.3
-3.2
30.2
80.0
37.7
42.3
24.9
17.4
-6.7
31.1
75.6
34.1
41.5
25.0
16.6
-5.8
31.8
75.8
34.5
41.3
24.9
16.4
-4.2
32.6
78.5
35.6
42.9
25.2
17.7
-5.5
33.4
71.6
32.3
39.2
25.0
14.3
-2.6
34.2
79.1
36.2
42.9
25.6
17.3
—3 5
35.0
83.3
37.4
46.0
25.4
20.5
-5.1
35.8
^83.6
*>37 9
P45.8
25.7
*20.1
'-6.4
36.4
688.9
97.9
591.0
551.2
39.8
750.3
116.2
634.2
596.3
37.9
803.6
115.9
687.8
633.7
54.1
712.6
107.1
605.5
568.1
37.3
726.8
113.6
613.2
580.4
32.8
743.1
117.2
625. 9
592.4
33.4
759.3
116.1
643.2
600.9
42.3
772.2
117.8
654.5
611.4
43.1
784.3
116.7
667.6
621. 5
46.2
803.8
118.0
685.7
631.5
54.2
809.8
113.5
696.2
638. 9
57.4
816.7
115.2
701.5
643.0
58.5
834.3
112.7
721.6
663.2
58.4
854.8
114.0
740.8
679.9
60.9
' 866. 1
'116.9
749.2
^691.5
'57.7
67.76
28.37
14.12
14.25
75.56
31.68
15.96
15.72
79.71
31.95
15.80
16.15
19.03
8.10
4.16
3.94
16.04
6.58
3.36
3.22
18.81
7.82
3.98
3.84
19.25
8.16
4.03
4.12
21.46
9.12
4.59
4.53
17.47
7.14
3.59
3.56
20.33
8.15
4.08
4.07
20.26
7.99
3.87
4.12
21. 66
8.66
4.26
4.40
17.68
6.69
3.11
3.58
20.60
7.55
3.52
4.03
i 20. 55
7.45
3.60
3.86
i 22. 61
8.42
4.08
4.34
39.40
1.63
1.45
2.56
1.59
10.20
7.66
2.54
6.83
15.14
43.88
1.86
1.86
2.51
1.68
11.61
8.94
2.67
8.30
16.05
47.76
1.89
1.78
3.03
1.23
13.14
10.65
2.49
10.10
16.59
10.93
.40
.38
.66
.47
2.90
2.16
.74
2.00
4.13
9.45
.42
.38
.68
.38
2.36
1.88
.48
1.81
3.41
10.99
.48
.44
.66
.46
2.99
2.22
.77
2.00
3.97
11.10
.47
.49
.53
.40
3.03
2.23
.80
2.11
4.07
12.34
.49
.55
.64
.44
3.23
2.61
.62
2.39
4.60
10.32
.45
.42
.73
.28
2.54
2,15
.39
2.14
3.76
12.18
.47
.47
.80
.31
3.28
2.59
.69
2.59
4.26
12.27
.46
.46
.74
.30
3.58
2.79
.78
2.56
4.16
12.99
.50
.43
.76
.33
3.74
3.12
.63
2.81
4.42
10.99
.49
.34
.34
.28
3.11
2.70
.41
2.50
3.94
13.06
13.10
.52
.43
.37
.34
4.12
3.38
.73
14.19
.54
.40
.54
.34
4.46
3.83
.64
27.33
2 7.90
do
do
do
do
69.05
28.70
14.39
14.31
72.52
29.99
15.47
14.52
73.94
31.16
15.98
15.18
77.84
33.05
16.53
16.52
77.84
32.39
15.88
16.50
78.22
32.44
16.40
16.05
80.22
32.43
16.32
16.11
81.88
32.15
15.74
16.40
78.63
30.98
14.92
16.05
79.32
30.46
14.21
16.25
81.61
30.12
14.06
16.06
do
do
do
do
do
do
do
do
40.35
1.52
1.34
2.87
1.75
10.63
7.74
2.89
7.34
14.91
42.53
1.83
1.68
2.89
1.87
11.52
8.62
2.90
7.74
15.00
42.78
1.88
1.76
2.22
1.66
11.68
8.71
2.97
7.92
15.67
44.80
1.89
2.06
2.23
1.65
11.48
8.98
2.50
8.71
16.78
45.46
1.85
1.94
2.80
1.63
11.80
9.36
2.44
8.76
16.67
45.78
1.92
1.74
2.94
1.37
12.14
9.77
2.37
9.14
16.52
47.79
1.84
1.88
2.88
1. 12
12.72
10.15
2.57
10.38
16. 98
49.73
1.86
1.96
3.24
1.22
13.84
11.34
2.50
10.62
17.00
47.66
1.94
1.56
3.08
1.22
13.68
11.20
2,48
10.20
15.97
48.86
2.04
1.46
1.29
1.33
14.64
12.16
2.48
10.70
17.39
51.50
2.08
1.88
2.28
1.40
14.91
12.61
2.30
11. 21
17.72
12, 701
8,378
11, 995
7,510
14, 222
9,490
14, 574
9,602
14, 811
9,888
15, 374
10, 241
15, 806
10, 582
15, 930
10, 696
15, 795
10, 461
16,547
11,030
Corporate profits and inventory valuation adjustment total
bil $
By broad industry groups:
Financial institutions
do
Nonfinancial corporations total
do
Manufacturing total
do
Durable goods industries
do
Transportation, communication, and public
utilities
bil $
A.11 other industries
do
Corporate profits before tax total
do
Corporate profits tax liability
do
Corporate profits after tax
do
Dividends
do
Undistributed profits
do
Inventory valuation adjustment
do
Net interest
do
DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income total
bil $
Less' Personal tax and nontax payments
do
Equals' Disposable personal income
do
Less* Personal outlays©
do
Equals' Personal savings
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly Or annual totals:!
All industries
bil. $
Manufacturing
do
Durable goods industries 1
do
Nondurable goods industries ^
do
Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation
Public utilities
Electric
Gas and other _
Communication
Commercial and other
Seas. adj. qtrly. totals at annual rates:}
All industries
Manufacturing
Durable goods industries 1f
Nondurable goods industries ^f
Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation
Public utilities
Electric
Gas and other
Commercial and other
do
do
do
do
do
do
do
do
do
do
do
U.S. BALANCE OF INTERNATIONAL
PAYMENTSd"
Quarterly Data Are Seasonally Adjusted
'(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants)
mil ^
Merchandise adjusted excl military
do
Transfers under U.S. military agency sales contracts
mil $
Receipts
of income on U.S. investments
abroad
mil $
Other services
__ .
do -
50, 623
33, 588
55, 600
36, 490
62, 903
41, 980
;g
.60
.36
3.83
3 20
.63
2.81
4.44
p 854. 6
i 82. 38 i 82. 42
20. 74
30. 22
14.45
14. 53
15.21
15.76
52. 64
2.10
1.78
1.58
1.32
16.05
13.69
2.36
52.20
2.09
1.46
2.21
1.23
16.36
13.83
2.53
2 29. 80
2 28. 86
16, 632
10, 716 pil,505
1,395
1,515
1,480
357
407
329
442
336
274
447
327
433
507
543
9 233
6,407
10, 539
7,056
11, 409
8,034
2,339
1,627
2,471
1,607
2,585
1,818
2,716
1,814
2,767
1,820
2,925
1,934
2, 791
1,986
2,855
2,052
2, 839
2,062
2,897
2, 113
3,239
2,134
-48,134 -53, 589 -59,311 -12, 384 -11.657 -13, 926 -13, 866 -14, 142 -14, 493 -14, 761 -14, 935 -15, 125 —15,400 -16,654
-32,964 -35, 830 -39,870 -8,441 - 7, 589 -9,566 -9,278 —9, 397 -9,728 -9,831 -9,992 -10,319 —10,761 —11,756 p-12,025
Merchandise, adjusted, excl. military _.
do
Direct defense expenditures
do
-4,535 -4,856 -4,851 -1,173 -1,198 -1,187 -1,221 — 1, 251 -1,182 -1,255 -1,211 -1,203 -1,174 -1,220
Payments of income on foreign investments in the
-929 -1,078 -1,242 —1,315 -1,348 -1,322 -1,284 -1,213 -1,137 -1,084
-800
U.S
mil $
-3,013 -4,564 -5,167
-7,621 -8,339 -9,425 -1,970 -1,941 -2,095 -2,125 1—2, 179 -2,235 -2,353 -2,448 -2,390 -2,328 -2, 594
Other services
do
r
SURVEY.
©Personal outlays comprise personal consumption expenditures, interest
Revised.
v Preliminary.
1 Estimates (corrected for systematic biases) for Julypaid by consumers, and personal transfer payments to foreigners.
§Personal saving is
Sept, and Oct.-Dec. 1971 i)ased on expected capital expenditures of business.
Expected ex2
excess of disposable income over personal outlays.
penditures for the year 1971 appear on p. 14 ff. of the Sept. 1971 SURVEY.
Includes comHData
for
individual
durable
and
nondurable
goods
industries
components
appear in the
munication.
fSee corresponding note on p. S-l.
9Includes inventory valuation adMar., June, Sept., and Dec. issues of the SURVEY.
cfRevised; more complete details,
justment.
{Revised series; explanation of revisions and annual and quarterly data back
as
well
as
revised
quarterly
data
back
to
1966,
appear
on
p.
24
ff.
of
the
June
1971 SURVEY.
to 1947 appear on pp. 25 ff. of the Jan. 1970 SURVEY; see also pp. 19 ff. of the Feb. 1970
-
i---
SURVEY OF CURRENT BUSINESS
November 1971
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown in
the 1969 edition of BUSINESS STATISTICS
1968
1969
Annual total
1970
1969
1968
1970
S-3
IV
III
I
II
IV
III
IV
I
-803
-394
-836
-410
-770
-598
-1,748
1,586
-1,647
1,416
III
II
1
1971
II
III P
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
U.S. BALANCE OF INTERNATIONAL
PAYMENTS §— Con.
Quarterly Data Are Seasonally Adjusted
Unilateral transfers, excl. military grants, net
mil. $„. -2,875 -2,910
U.S. Government capital flows, net. _.. ...do .. -2,268 -2,193
-3,148
-1,593
-779
-363
-758
-570
-630
-411
-839
-630
-693
-691
U.S. private capital flows, net
__
do
-5,383 -5,424
9,411 12, 306
Foreign capital flows, net
do
Transactions in U.S. official reserve assets, net
-880 -1,187
mil. $.-
-6,914 -1,692 -1,662 -1,494 -1,889 -1,380
5,824
2,409
3,515
3,989
3,338
3,458
Allocation of special drawing rights (SDR) do
Errors and omissions, net
do
-493 -2,603
2,489
Balance on goods and services
do
2,011
1,321
Balance on goods, services, and remittances
do
745
Balance on current account
do
-386
—899
Balance on current account and long-term capital
mil. $.. -1,349 -2,879
867
-1,104
3,592
2,182
444
-3,038
-433
-754
Net liquidity balance _ . _
Official reserve transactions balance.
Liquidity balance, excluding SDR..
-3,821
-9,821
-4,721
-357
327
65
-531 -1,234 -3,019 -1,996
-410
1,337
1,659
-679
111 -1,469 -3,287 -2,366
do
-1,610 -6,084
1,641
. .do
2,702
..... do ..
172 -6,958
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes areas shown in
the 1969 edition of BUSINESS STATISTICS
1969
2,477
-48
47 -1,092
317
338
52
26
-462
-292
332
848
525
90
1970
Annual
-1,076
-571
-147
-299
-628
296
-22
-543
-686
-717
708
386
15
-2,019 -1,070
-749
-461
-662
1,523
-753
-366
-756
-423
-1,941 -1,579
1,817
1,006
Oct.
-2,230 -1,967
2,615
4,937
682
-154
264
805
584
824
-166
669
328
-80
217
-59
881
543
125
217
-375
1,045
683
292
217
-437
995
636
192
216
-233
670
319
-166
180
179
-1,026 -2, 335
1,147
-22
805
-379
377
-864
-570
-340
-832
-1,306 -3, 141
356 -1,297
163
384
164
-1,254
-868
-2,864 -1,404
-745
-1,629
-675
-2,075
-1,154
659
179
217
'-5,723 p-9,299
-1,024 '-2,511
-3,478 rr-5,531 r-5,725 p— 12,108
-3,199
-1,194
'-6,006 -10,176
1971
1970
Sept.
-842
-609
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
|
1
May June
July
Aug.
Sept.
Oct. P
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCE f
Seasonally adjusted, at annual rates: f
Total personal income
bil. $
750 3
803 6
814 9
813 6
815 7
820 9
830 0
833 2
839 7
844 4
850 0
870 1
859 2
867 6
r 871 5
872 3
Wage and salary disbursements, total
do
Commodity-producing industries, total. do
Manufacturing... do
Distributive industries... __ _ . . d o
509.6
197.4
157 6
120.0
541.4
200.7
158 3
129 1
548.7
201.3
159 0
131 3
544.2
196.6
153 8
131 9
545.9
196.6
153 2
139 2
551.5
202.1
158 4
131 4
559.2
202.8
159 4
134 2
561.5
202.5
159 2
135 4
566.1
204.3
160 2
136 8
569.0
205.4
160 6
137 6
573.3
207.1
162 0
138 7
574.8
207.5
162 4
138 6
574.7
206.2
161 4
138 6
580.9
206.5
161 4
140 5
r 581.
582.7
208.6
163 6
141 1
Service industries
Government ..
Other labor income
__
Proprietojs' income:
Business and professional
Farm.
do
do
do
88.1
104.1
28.2
96.7
114.8
30.8
97.8
118.3
31.4
98.8
116.8
31.7
99.8
117.3
32.0
100.4
117.7
32.2
101.9
120.3
32.4
102.4
121.2
32.6
103.3
121.6
32.8
103.9
122.1
33.1
105.0
122.6
33.4
105.7
123.0
33.7
106.3
123.6
33.9
107.4
126.6
34.1
do
do
50.3
16.8
51.0
15.8
51.4
13.9
51.5
14.2
51.4
14.5
51.5
14.6
51.2
14.7
51.1
14.8
51.3
14.9
51.4
15.1
51.5
15 2
51.6
15.3
51.7
16 1
51.8
17.0
22.6
24.4
58.8
65.9
23.3
25,0
64.7
79.6
23.5
25.4
66.3
82.9
23.5
25.4
66.5
84.7
23.7
25.5
66.7
84.5
23.8
23.9
66.8
85.1
23.9
25.6
66.9
86.8
23.5
25.7
67.0
87.8
24.0
25.5
67.0
89.1
24.1
25.5
67.3
89.8
24 2
25 6
67.5
90. 5
24.3
25 2
67.5
109.0
24.4
25 6
68.1
96.2
24.5
25 7
68.7
96. 5
_
Rental income of persons. .
do
Dividends.. .
do
Personal interest income
do
Transfer payments. _ _ _
do
Less personal contributions for social insurance
bil. $..
Total nonagricultural income
do
4
r 207.
9
169 4
r 141 o
r
107 7
124 7
34 3
108 1
124 9
34 4
51 9
r 17 8
52 0
17 6
24 5
25 7
'69.5
r 97 9
24 5
25 7
69.5
97 5
26.3
28.0
28.5
28.2
28.3
28.6
30.7
30.8
31.1
31.1
31.3
31.4
31.5
31.7
31.7
31.8
727.7
781.4
794.2
792.5
795.0
800.5
808.7
811.6
818.0
822.5
827.9
848.0
836.4
843.9
'846.9
847.9
4 891
FARM INCOME AND MARKETINGS J
Cash receipts from farming, including Government
payments, total t._
.
mil.$
51,911
52, 948
4,582
5,847
5, 183
4,233
4,283
3,406
3,557
3,493
3,443
3,763
6 146
4 590
48, 117
19, 527
28, 590
6,206
17, 639
4,426
49. 231
19,636
29, 595
6,523
18, 497
4 303
4,539
1,980
2, 559
521
1,633
388
5,750
2, 965
2,785
542
1, 852
374
5, 153
2,884
2,269
519
1,374
360
4,201
1 999
2,202
556
1, 267
354
4,242
1 929
2 313
562
1 400
327
3 383
1 113
2 270
525
1 434
286
3,543
1 082
2,461
587
1 539
313
3,418
976
2,442
581
1 527
308
3 428
952
2 476
618
1 5°1
310
3 744
1 246
2 498
585
1 558
334
3 986
1 609
2 377
568
1 443
348
4 234
1 713
9 521
539
1 598
367
Indexes of cash receipts from marketings and CCC
loans, unadjusted:©
All commodities O
1967-100
Crops _
do
Livestock and products
do
113
106
118
115
106
122
128
129
127
162
193
138
145
188
112
118
130
109
119
126
114
95
72
112
100
70
122
96
64
121
96
62
122
105
81
124
112
105
118
119
112
125
Indexes of volume of farm marketings, unadjusted :{
All commodities©1967 — 100
Crops
__
do
Livestock and products.
do
105
110
101
104
103
104
113
116
110
148
181
122
137
183
103
117
135
103
122
145
104
83
67
95
85
58
106
81
48
106
81
47
107
91
68
109
101
100
109
106
105
107
Farm marketings and CCC loans, total
Crops
_
Livestock and products, total 9
Dairy products
_
Meat animals..
Poultry and eggs
do
do
do
do
do
do
r
4 765
2 129
2 636
r
j 722
1 889
r' ^f»4
' ^M
r
r
r 544
6 102
3 286
2 816
Cfifl
172
r 1 ^Q
91 A
'130
139
-J9Q
i f»^
201
117
T
r 13^
ji i
r
INDUSTRIAL PRODUCTION tf
Federal Reserve Board Index of Quantity Output
Unadjusted, total index tf .. .
By market groupings:
Final products
Consumer goods
.
Automotive products
Home goods and clothing.
Equipment
....
pllO. 7
P 106. 7
109.6
106.5
103.1
102.0
103 2
106 1
106 0
106 5
107 3
109 7
do
do
do
do. ..
do
p 109. 0
p 111.1
p 117 4
P 108. 8
p 106. 1
P 104. 4
"110.3
P99 9
P 104. 7
P 96. 2
107.8
116. 9
94 7
109. 3
95. 0
104 5
llo. 6
83 7
110.3
91 9
100 2
107.2
80 1
103. 0
90 4
98 9
105. 4
100 0
94. 0
89 8
101 0
110 3
115 6
99. 1
88 1
103
113
125
104
89
103 0
112 9
125 3
10S' 9
89 1
109 9
113 6
121 9
102 7
113 5
197 2
106 9
87 6
107
119
130
110
90
do
P112.4
P 107. 8
109 2
105 8
103 7
104 1
105 4
108 3
108 4
109 0
do
do
do
P 110 5
P 110.0
p 111.1
P 105. 2
P101.5
p 110. 6
107 6
102. 2
115.3
104 7
97.6
115.0
101 2
94.6
110 7
99 7
95. 9
105 2
100 9
96. 8
106 8
104 3
100. 2
110 2
104 4
100. o
109 8
105 0
100.4
111 7
121. 1
117.5
Mining and utilities
do
120.7
"112.7 P 118.0
'•Revised. p Preliminary. §Spenote"c? "onp. S-2. fSee corresponding note on p. S-l.
JSeries revised beginning 1967; monthly data prior to May 1970 are shown in the Farm
Income Situation. July 1970 and July 1971, available from the U.S. Dcpt. of Agriculture,
Economic Research Service.
ONew reference base, 1967 = 100; comparable data for earlier
will be shown later.
9 Includes data for items not shown separately.
cfErTecDigitizedperiods
for FRASER
119.5
120. 6
119.7
119.4
117. 9
Materials . . . .
By industry groupings:
Manufacturing Durable manufactures
Nondurable manufactures
1967 = 100
4
2
1
9
6
ioe' 9
88 0
r
102 1
T 105 3
r 109 3
109 1
T
T
T
T
r HO 2
r 87 9
T 91 5
108 ()
121 8
134 8
113 6
91 o
T 101 Q
r 10^ 4
106 7
r 102 9 r 107 2
' 93. 5 " 99. 1
r H8 7
108 6
101.7
118 5
r 124. 9
114.5
105
118
102
109
7
4
0
4
2
3
5
6
4
r 101 6
110 8
110 9
r 99 2
106 0
101.7
H9 1
108 3
102.7
116 3
r 1Q9 2
T HQ Q
117 0
120 7
r 121. 9
r 123. Q
T in 9
94 9
r 100 2
r 87 1
99 7
"93.2
r 123 5
r 197 9
r HO 9
tive with the September Survey the industrial production index comparison base has been
updated from the 1957-59 average to the single year 1967. All revisions have been carried back
in detail to 1954. Historical data are available upon request from the Board of Governors of
the Federal Reserve System, Washington, D.C.
SURVEY OF CURRENT BUSINESS
S-4
1969 P [ 1970 P
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes areas shown in
the 1969 edition of BUSINESS STATISTICS
Annual
November 1971
1970
Sept.
Oct.
1971
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
1
Oct.p
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION^— Continued
Federal Reserve Index of Quantity Output—Con.
Seasonallv adjusted, total indexed
By market groupings :<?
Products total
Final products
Consumer goods
..
106.7
106.5
103.7
102.6
104.6
105.3
105.7
105.5
106.2
107.0
107.2
109.7
109.0
111.1
106.0
104. 4
110.3
105.2
103.5
110.1
103.6
101.4
109.0
102.6
100.2
107.7
104.2
102.2
110.8
104.6
102.9
112.8
105.0
103. 0
112.9
104.5
102.5
112.7
105.5
103.6
114.6
105.9
103.9
115.7
106.1 r 106. 8
104.5 r 104. 9
116.1 '116.0
' 106. 4 ' 108. 7
' 105. 1 ' 105. 4
' 116. 1 ' 116. 3
106.9
105.4
116.5
do_.
do
do
do
113.7
117.4
111.4
128.9
104.8
99.9
86.6
125.6
102.2
91.1
70.4
130.9
97.1
77.6
51.1
128.7
95.5
76.0
51.8
122.3
102.9
110.0
88.6
122.2
108.1
110.9
104.1
124.1
110.6
117.8
112.8
127.4
111.6
117.8
112.2
128.6
112.2
113.7
103.2
133.9
117.2
123.1
108.3
151.4
116.1 '115.8 '115.8 ' 114. 4
121.2
120.1 ' 121. 1 ' 122. 9
108.0
107.9
107.9
108.5
146.8
143.6 ' 145. 2 '151.6
115.7
123.0
107.8
152.1
do.. .
do
do
111.6
107.7
115.7
107.6
103.4
108.4
108.6
106.7
108.6
108.3
109.8
108.8
106.6
107.6
108.6
104.6
104.5
106.3
106.5
104.9
106.4
106.5
102.5
110.1
108. 2
107.9
108.3
111.4
116.4
110.7
113.9
120.7
113.3 ' 113. 5 '112.9 ' 109. 8
116.9
115-0 ' 112. 1 105.7
113.6 ' 114.8 ' 114. 7 '113.0
~ll4.~9~
110.1
105.6
111.4
107.3
115.6
112.5
101.2
115.4
110.6
120.4
113.0
110.5
116.4
110.6
122.6
113.5
100.0
117.2
111.9
122.9
112.3
96.3
116.6
112.5
120.9
113.8
99.1
117.7
112.8
122.9
114.6
99.7
118.5
114.0
123.2
113.8
97.3
118.1
112.6
123.9
113.1
96.9
117.4
111.8
123.2
115.5
101.0
119.4
112.7
126.4
115.1
102.6
118.5
113.2
124.2
r 116. 1
106.1
107.9
103. 6
106. 3
99.3
96.2
101.1
98.8
95.9
91.9
94.2
100.5
98.0
91.5
91.8
90.8
95.9
94.6
91.7
86.7
89.8
94.6
93.9
93.3
84.6
90.3
95.6
94.0
93.6
84.2
88.9
94.2
91.5
90.6
82.9
89.3
96.0
93.4
94.3
82.2
88.4
95.0
92.4
92.4
81.3
88.1
95.1
92.4
91.2
82. 1
87.8
94.4
90.9
91.5
79.5
88.2
95.0
90.9
88.8
80.1
112.8
114.4
113.6
103.7
110.6
94.4
103.4
110.0
92.5
97.1
108.2
79.8
95.6
106.0
77.5
97.9
105.3
87.4
97.2
105.5
88.6
99.0
107.0
89.1
98.0
106.6
87.2
98.2
107.1
87.3
98.4
107.6
87.3
Home goods 9 - - - -Appliances TV, and radios
Carpeting and furniture
Nondurable consumer goods
do
Clothing
do
Consumer staples
. , -do ..
Consumer foods and tobacco. . .do
Nonfood staples
do
Equipment
do
Business equipment
do
Industrial equipment 9
- do
Building and mining equipment-do
Manufacturing equipment
do
Commercial, transit, farm eq 9 do
Commercial equipment
..do. _ .
Transit equipment
do
m.7
do
103.2
87.9
83.9
82.6
81.7
81.2
80.0
78.1
77.5
76.5
76.9
do
do
do
112.0
113.0
111.2
111.9
110.6
113.0
111.4
110.0
112.8
111.9
111.5
112.1
111.6
110.4
112.4
112.1
112. 5
111.9
110.9
111.1
110.8
112.5
111.9
113.1
112.0
112.6
111.4
112.4
113.4
111.6
113.5
115.5
111.9
Materials
do
Durable goods materials 9
do .
Consumer durable parts
. ... .do.. Equipment parts
do
Nondurable goods materials 9
..do
Textile, paper, and chem. materials. .do
Fuel and power, industrial
- - - do
112.4
112.2
112.2
105. 9
112.8
116.3
111.7
107.8
103.4
96.5
95.1
112. 5
113. 0
117.0
109.0
105.1
101.7
93.7
112.9
113.2
119. 7
104.1
96.2
80.4
88.0
113.4
112.6
118.2
102.8
93.6
76.9
86.6
113.3
112.6
117.8
105.4
99.4
95.8
86.6
112.1
111.8
117.6
106.5
101.5
99.4
88.4
111.7
111.2
117.8
106.8
101.6
101.4
87.6
112.1
111.7
118.6
107.1
101.9
103.2
86.4
112.0
111.9
121.1
107.5
102.2
102.8
86.0
112.7
113.2
121.0
108.9
104.8
105.1
88.9
112.8
113.7
119.7
By industry groupings.'c?
Manufacturing, total
_ _.
_. .do.. _
D urable manufactures _ ...
- . do . .
Primary and fabricated metals
do
Primary metals
do
Iron and steel.
.
_.do._
Nonferrous metals
do
Fabricated metal products
- do
110.5
110.0
113.8
114.1
113. 0
116.0
113.6
105. 2
101.5
108.1
106.9
105. 3
109.8
109.4
104.8
100.7
108.9
108.8
108.2
111.1
109.0
101.4
95.7
104.2
102.5
102.4
103.3
106.3
110.2
93. 8
101. 2
98.4
95.6
104.8
104.5
102.4
97.3
105.1
104.3
101.4
112.fi
106.2
103.3
98.1
106.8
108.1
106.9
111.2
105.4
103.9
98. 6
106.0
105.5
104.8
107.7
106.6
103.2
98.3
105. 8
106.6
105. 2
109. 8
104.9
104.4
99. 1
108.6
108.7
109. 1
108.2
108.5
105.7
100.5
111.5
114.3
112.9
115.8
108.5
108.2
106.8
106.0
107.7
97 6
100.5
99.6
101.4
96.2
100.4
99.8
101.1
89.9
96.5
95.6
97.5
88.4
94.9
93.2
96.7
92.4
94.8
92.4
97.4
93.0
93.4
90.1
97.1
93. 5
94.2
92.3
96. 3
93.0
94.0
91.1
97.1
92.7
94.2
91.4
97.4
107.6
115. 4
100.2
116.1
90. 3
96.9
83.9
110.8
87.5
94.6
81.0
108.9
73.8
68.6
78.8
107.3
71.7
65.4
78.0
106.5
86.8
98.5
75.8
104. 9
91.1
107.7
75.2
106.5
92.6
113.0
72.9
105.3
91.3
112. 2
71.2
105.5
111. 1
108.6
112.5
106.3
106.3
106.3
105.6
107.2
104.8
105.3
106.8
104.5
105.0
106.4
104.1
107.5
106.8
107. 9
106.9
109. 7
105.3
109.8
110.8
109. 2 i
111.6
107.4
115.5
108.8
99.4
117.3
109.4
99. 3
118.5
108.7
100.1
116.7
105.7
96.5
114.0
104.9
95.5
113.4
105.2
94.2
115.2
do ..
do
do
do
do
111.1
105.9
113.2
102.5
96.0
110.fi
100.2
106. 3
97.8
90.8
110.7
99.1
105.2
96. 8
90.2
109.7
98.7
104.1
96.9
89.6
109.6
96.0
102.8
93.4
85.0
110.0
97.1
103.3
94 9
86.7
Paper and printing Paper and products
Printing and publishing
do do
do
109.1
114.2
105.7
107.8
113.3
104.1
106.1
106. 7
109.8 i 111.9
102. 3
104.5
106.4
113. 3
101.9
Chemicals, petroleum, and rubber
Chemicals and products
do
do. ..
118.4
120.4
108.4
119.5
118.2
120.2
112.6
115.7
119.1
121.5
112.9
115. 9
117.2
120.3
113. 2
110.0
107. 5
108.3
96.8
110.8
111.7
100.0
112.0
113.1
100.5
112.7
107.2
124.8
102.8
106.1
101.1
106.9
104.8
118.0
109.7
131.3
98.8
109.2
105.8
109.7
109.4
121. 1
110.9
130.5
96.2
111.3
109.7
111.5
112.3
Defense and space equipment
Intermediate products
Construction products
Misc. intermediate products
Machinery and allied goods 9
Machinery _ _
..
Nonelectrical machinery
Electrical machinery
do
. .do ..do
do
Transportation equipment. . - ..do _
Motor vehicles and parts
do
Aerospace and misc. trans, eq
do
Instruments
_. . . _
- . do
Lumber, clay, and glass
Lumber and products
Clay, glass, and stone products
do
do
do
Furniture and miscellaneous
. . do .
Furniture and fixtures
do
Miscellaneous manufactures ..
do. Nondurable manufactures
Textiles, apparel, and leather
Textile mill products
Apparel products
Leather products
Rubber and plastics products
Mining and utilities
Mining
Metal mining
Stone and earth minerals
Coal, oil and gas
Coal
Oil and gas extraction
Crude oil _
.
.
-
do
do
do
..do
do
do
do
do
do
do
do
do
I
••116.1 i
101.9 r 102. 4
119.9 '119.8
113.5
112.0
126.5 ' 128. 0
' 116. 2 '117.0
100.7
' 120. 3 120.9
' 112.6 ' 112. 7
' 128. 3 ' 129. 4
111.6
116.8
120.5
111.9
129.7
'90.1
'97.6
'92.6
'96.0
'81.2
89.9
98.0
92.8
96.5
82.2
99.6
101.5 ' 102. 2 ' 103. 3
107.6 ' 109. 9 ' 109. 9 ' 111.5
90.5
88.4 '90.2 ' 92. 0
103.9
113.4
92.5
'77.6
76.6
89.3
'96.3
'91.8
88.9
'81.1
77.1
77.7
112.4 '113.8
113.5 ' 115. 3
111.6 ' 112. 7
109.0 ' 105. 3
103.0 '98.7
1018
98.8
87.1
87.0
115.5 ' 112.3
117.5
113.4
121.1
119.7
89.8
96.9
92.3
96.4
80.2
'77.9
'110.9 ' 111.5
112.5
' 109. 4 ' 110. 9 112.3
112.1 !
' 112.2
' 94. 2
' 100. 4
'82.2
' 114. 0
' 116.9
' 117.4
' 105. 1
'97.7
' 99. 8
'86.0
' 113. 6
' 117.1
118.4
105.3
101.0
103.6
88.8
112.8
116.5
99. 0
' 103. 6
' 96. 6
'92.6
'78.8
'66.2
' 100. 9
' 108. 0
' 104. 0
'97.5
'96.3
'88.2
'80.0
107.0
' 105. 2
104.9
99.1
100.5
95.4
89.2
93.8
95.3
90.9
100.2
105. 6 ' 104. 9
100. 1 '99.4
108.3 ' 104. 2
108.1 '98.2
105.3 '99.0
111.3 '96.0
108.5
110.8
94.4 '94.7
95.2
97.4
91.6
94.9
99.2
100. 2
'94.9
'96.0
'94.7 !
' 97. 4
'95.1
' 96. 7
' 95. 9
'97.5
95.9
97.4
96.5
98.5
89.5
108.4
71.4
106.7
90.9
110.2
72.3
108.0
91.7
111.7
72.4
108.5
92.1
'91.7 '91.1
' 112.8 ' 114. 1 114.1
70.9
'71.5 '70.0
112.2
' 109. 1 ' 109. 6
110.8
110. 3
111.1
113.0
112. 5
113.3
112.3
110.0
113.7
107.1
96.0
117.2
105.6
95.0
115. 4
109.5
98.7
119.3
109.9
97.6
121.2
111.0 '111.2 '110.4
111.0
115. 4 ! ' 113. 1
111. 1 ' 108. 7 j ' 108. 8
111.3 ' 113. 5 ' 112. 4
100.9
99.9 ' 99. 6
120.7 ' 126. 1 ' 124. 0
110.9
98.6
103.1
97.4
89.5
111.7
98. 0
105.4
94.5
89.0
110. 4
97.3
105.3
94. 0
85.4
112.1
99.8
106.3
97.3
89.9
105.0
110.6
101.2
107.1
116.9
100.5
108.1
116.0
102.8
104.6
111.0
100. 2
117.8
119. 7
116. 9
111.4
118. 9
121.2
118.1
111.8
118.2
119. 3
117.2
115.5
120.9
111."
117. 1
120.6
111.7
112.3
104.4
111.9
112.7
102.3
112.5
113.5
99.5
113.9
114.6
106.6
121.9
112.4
134.3
98.6
112. 3
108.7
112. 9
114.5
120.6
113.7
148.5
98.4
112. 6
107.9
113.4
114.7
120. 1
112.1
144.7
97.3
111.0
103.6
112.3
113.1
119.3
111.1
140.1
95.6
110.6 i
112. 3
110.3
111.1
129. 6
Utilities .
do
134. 0
133.9
119.5
128.5
131.9
Electric
do
137.6
121.2
137.5
130.8
122. 1
Gas
do
121.9
i 114. 0
121. 7
121. 0
r
Revised.
* Preliminary.
d*See correspond!ng note 01i p. S-3.
9 Includes data for items not shown separately,
fMfg. a nd trade s ales, tot al and re tail
sales for periods prior to Sept. 1970 are undergoing revision anci will be s hown lat er. Mfg. imd
trade inventories, total and retail inventories, also u ndergoing revision, will be shown in the
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
106.3
110.7
do .
- - do .
..
do
Durable consumer goods
Automotive products
...
Autos
Auto parts and allied goods
Foods and tobacco
Foods. . .
Tobacco products, . . .
106.1 ' 105- 3 ' 106. 1
.. 1967= 100. .
88.5
106.7
71.0
' 110. 9!
r 103.
3
106.3
' 110. 0
113.2
108.1
110.6
' 110. 5
98.7
121.3
112.6
113.3
101.5
107.5
99.7
89.8
113.7
113.0 ' 113. 5 '113.5
102.4 ' 100. 2 ' 99. 8 ' 100. 9
113.2
108.5 ' 109. 0 109.5
96.6
97.1 '97.0
87.6
84.1
89.3
86.7
113.4
101.7
106. 9
114.4
101.8
106.9
115.1
101.4
106.0
113.4
101.0
' 106. 8 ' 108. 2 ' 108. 3
116.8
'115.5 ' 117.8
' 101.0 '101.7 ' 102. 6
107.7
120. 5
121. 0
116.3
122.7
122.4
123.4
115.8
124. 5
124.2
123.7
112 7
135.4
125.3
126.8
115.0
129. 1
124. 0 ' 125. 3 ' 124. 8
125.0 ' 126. 7 ' 127. 0
114.1
115.0
114.8
125.1
128.0 ' 129. 0
124.7
127.0
113.1
114. 1
100.1
112.2 i
113. 8
90.3
112. 9
114.1
96.9
113.6
114.6
100.3
113.7 '113.8 ' 113. 1 '113.0
115.4 ' 115. 2 ' 114. 1 ' 114.0
92.1
96.6
119.9
110.1
139.0 i
96.3
109. 3
108.8 1
109. 3 !
110. 1
120. 2
111.4
135. 1
95. 6
111.4
116.2
110. 6
112.7
120.6
110.4
124. 7
94.2
111.4
115.5
110.8
111.9
119.0
108.6
122.6
92.4
109.6
110.2
109.6
109.5
119.7
120.7 ' 120. 3
108. 9 ' 105. 7 ' 106. 0
100.7
117.3
'93.5
96.4
90.2 '89.2
109. 9 ' 109. 2 ' 109. 0
109.4 ' 109. 4
109. 4
109.2 ' 108. 9
110.0
109.8 ' 108. 0 ' 107. 1
102.0
112. 4
113.4
' 121. 4 116.3
' 106. 3 97.8
108.0
87.0
' 109. 0 "~96.~8
28.5
' 109. 5
107.6
' 108. 9
104.8
106.2
133. 2
132. 1 1 135. 6 ' 138. 7 ' 136. 9 ' 140. 5 139.7
132. 2 1 131. 5
130.2
129.6
142.7
138.3 ' 142. 0 ' 139. 7 r 144. 0
135.5
133.8
132.5
131.5 i 134.9 i 133. 6
122.4
123.6
124.3
123.0
Dec. 1971 Su RVEY, al ong witl i cor -esponding revisions in the inventory-sales ratios serie
(1961 -June If 70 data 1 or ratios for mfg., total, durable, and nondurable a:e available upoi
requ est). See also con espondii ig note on p. S-7 and note marked "i" on p. S-ll.
SURVEY OF CURRENT BUSINESS
November 1971
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown in
the 1969 edition of BUSINESS STATISTICS
1970
1969
Annual
S-5
1971
1970
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
Aug.
July
Sept.
Oct.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES §
Vlf0' and trade sales (unadj ) total t
'109,502
mil $
Mfg. and trade sales (seas adj.), total f
Manufacturing, total f
Durable goods industries
Nondurable goods industries
do
do
do
Retail trade, total t
Durable goods stores
Nondurable goods stores
do
do
do
Merchant wholesalers, total _ _._
Durable goods establishments
Nondurable goods establishments
_
do_
do
do
'110,070
'104,596 '113,134 '99,993 '104,542 '113,995 '114,346 '114,961 '120,859 '110,405 '113,309 117, 243
'107,738 '105,610 '104,485 '106,943 '109,346 '111,166 '112,740 '113,155 '114,303 '115,531 '114,727 '115,064 115, 084
do
i 643, 545
354, 465
289, 080
1
653, 145
352, 189
300, 956
1236,708 i 246, 643
109, 578 111,778
127, 130 134, 865
55, 073
29, 900
25, 173
53, 235
28, 152
25, 083
52, 562
27, 680
24, 882
54, 464
29, 185
25, 279
55, 718
30, 166
25, 552
56, 982
30, 856
26, 126
57, 790
31,616
26, 174
57, 680
31, 308
26, 372
58, 352
31, 850
26, 502
58, 988
32, 650
26, 338
'58,418
'32,123
26, 295
'57,804
'31,464
'26,340
57,464
31, 202
26, 262
'31,951
9, 872
22, 079
^31,621
9,418
22, 203
'31,282
8,858
22, 424
'31,761
9, 185
22, 576
'32,290
10, 003
22, 287
'32,850
10, 240
22, 610
'33,274
10, 613
22, 661
'33,578
10, 747
22, 831
'33,502
10, 576
22 926
'33,827
10, 782
23,045
'33,688
10, 747
22, 941
'34,655
'11,298
'23,357
35, 155
11, 793
23, 362
20, 714
9, 435
11, 279
20,754
9, 410
11,344
20, 641
9, 273
11,368
20, 718
9, 226
11,492
21, 338
9, 430
11, 908
21,334
9, 458
11,876
21,676
9, 736
11,940
21, 897
9,887
12, 010
22, 449
10,350
12, 099
22, 716
10, 510
12, 206
22, 621
10, 365
12, 256
'22,605
'10,471
'12,134
22, 465
10,375
12, 090
BUSINESS INVENTORIES §
Vlfg. and trade inventories, book value, end of year
or m o n t h (unadj ) total f
mil $
164,290
170,300
Vf fg. and trade inventories, book value, end of year
m
or month (seas adj ) total t
il $
165, 659
171, 998 170,956 171, 168 171, 768 171,998 172, 508 172, 840 173, 706 174, 194 174, 933 175, 252 175, 560 '176,045 176, 836
168,946 171, 120 173, 107 170, 300 171, 263 172, 791 174, 920 176,115 176, 535 175, 554 174, 658 '173,960 175, 139
99, 576 100, 282 100, 927 100, 476 100, 878 100, 602 100, 502 100, 420 100, 647 100, 536 100, 194 '100,063 100, 211
64, 965 65, 218 65, 517 65, 152 65, 308 65, 090 65, 082 65, 033 65, 079 64, 825 64, 692 '64,523 64, 498
34,611 35, 064 35, 410 35, 324 35, 570 35, 512 35, 420 35, 387 35, 568 35,711 35, 502 '35,540 35, 713
45, 691 44, 883 44, 507 44, 918 44, 984 45, 432 46, 416 46, 728 47, 146 47, 3S3 47, 500 48, 187 48, 798
20, 270 19, 291 18, 542 19, 040 18, 987 19, 480 20, 131 20, 232 20, 716 20, 815 20, 879 21, 450 21,983
25, 421 25 592 25, 965 25, 878 25, 997 25, 952 26, 285 26, 496 26, 430 26, 568 26, 621 26, 737 26, 815
25, 689 26,003 26334 26, 604 26, 646
26,806 26, 788 27, 046 27, 140 27, 333 27 866 '27,795 27, 827
1 5, 275 15,369
15,451 15, 565 15, 653
15,840 15,780 16, 025 16, 128 16, 197 16 581 '16,526 16, 730
10,414 10,634 10,883 11,039 10,993 10,966
11,008 11, 021 11,012 11, 136 11, 285 '11,269 11, 097
96, 673
63, 160
33, 513
44, 623
19, 980
24 643
24, 363
14, 579
9,784
100, 476
65, 152
35, 324
44, 918
19, 040
25, 878
26, 604
15, 565
11,039
do
do
do
do
do
1.75
2.07
.61
.96
.50
1.82
2. 20
.64
1.00
.55
1.81
2.17
.63
. 99
.55
1.88
2.32
.67
1.05
.59
1.92
2.37
.69
1 07
.61
1.84
2.23
.65
1.00
.58
1.81
2.16
.63
.97
.56
1.77
2.11
.62
.94
.55
1.74
2.06
.60
.91
.55
1.74
2.08
.62
.91
.55
1.72
2.04
.61
.90
.53
1.70
1.99
.60
.87
.51
1.72
'2 01
'.62
88
52
'1.73
'2.05
.63
'. 90
.53
1.74
2.07
.62
.91
.53
do
do
do
do
1.38
.52
21
.63
1.37
.50
.20
.66
1.37
.50
.20
68
1.40
.51
.20
.69
1.42
.52
.21
70
1.40
.52
.20
.68
1.39
.51
20
.68
1.36
.50
.19
.67
1.35
.49
.19
.67
1.34
.49
.19
.66
1.34
.49
.19
.66
1.36
.50
.20
.66
1.35
49
.20
66
'1.35
'.49
'. 19
.66
1.36
.50
.20
.66
1.19
1.53
.89
1.23
1.61
.92
1.24
1.62
92
1.25
1.63
.94
1.28
1.67
. 96
1.28
1.69
.96
1.25
1.66
.92
1.26
1.67
.92
1.24
1.62
.92
1.24
1.62
.92
1.21
1.56
.91
1.20
1.54
.91
1.23
1.60
.92
1.23
1.58
.93
1.24
1.61
.92
17, 189
20, 122
1,750
1 770
1 675
1 668
1,529
1 523
1,785
1 621
1,550
1,644
1,838
1, 894
2,017
1 898
1,708
1,681
1,803
1,741
1, 752
1,706
1,521
1,707
1, 714
' 1, 893
1,949
1,977
Manufacturing, total t
Durable goods industries
Nondurable goods industries
do
do
do
Retail trade, total f t
Durable goods stores
Nondurable goods stores
Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments
do
do
do
do
do
do
BUSINESS INVENTORY-SALES RATIOS
Manufacturing and trade total f
ratio
Manufacturing, total t.. . _
Durable goods industries t
Materials and supplies
Work in process
Finished goods
,
Nondurable goods industries f
Materials and supplies
Work in process
Finished goods
Retail trade, total H
Durable goods stores
Nondurable goods stores
do
do
do
Merchant wholesalers, totaldo
Durable goods establishments _ do
Nondurable goods establishments.
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sales:
Durable goods industries:
Unadjusted, total. .
mil $
Seasonally adj., total
do
hipments (not seas, adj.), total f
_
Durable goods industries, total 9
Stone, clay, and glass products
Primary metals
Blast furnaces, steel mills
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment.
Motor vehicles and parts
Instruments and related products
Nondurable goods industries, total 9- Food and kindred products _
Tobacco products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products .
hipments (seas, adj.), total f
By industry group:
Durable goods industries, total 9
Stone, clay, and glass products
Primary metals
Blast furnaces, steel mills
Fabricated metal products
Machinery, except electrical
Electrical machinery.
Transportation equipment
Motor vehicles and parts
Instruments and related products -
do
643, 545
653, 145
57, 236
55, 415
52, 699
53, 006
51, 947
57, 410
59, 383
58, 379
58, 709
62, 142
53, 478 ' 56, 321 59, 874
do
do
do
do
354, 465
17,074
55, 153
26, 343
352, 189
17, 746
55, 740
25, 733
30, 815
1,617
4,845
2,301
29, 133
1,600
4, 409
1, 951
27, 723
1,414
4, 169
1.836
28, 766
1,407
4,178
1, 950
27, 981
1,373
4, 511
2,200
31, 280
1,464
4, 918
2,385
32, 898
1,616
5,270
2,576
32, 003
1,754
5, 694
2,880
32, 536
1,772
5, 814
2,860
34, 949
1, 905
5, 810
3,000
28, 485
1,765
4, 923
2, 775
do
do
do
do
do
do
39 579
55, 649
49, 123
87, 093
51, 524
11, 726
41 920
56, 135
50, 819
81, 173
45, 113
12, 153
3 735
4,807
4 672
6,714
3 815
1, 089
3 599
4 539
4 572
6,104
3 177
1, 020
3 435
4 336
4 516
5, 925
3 048
976
3 430
4 467
4 521
7,060
3 918
955
3 185
4,400
4 004
6, 913
4 474
870
3 492
4, 944
4 416
8,027
5 186
957
3 596
5,230
4 479
8,475
5 455
959
3 548
4, 956
4 218
7,554
4 895
960
3 623
4, 923
4 304
7,803
4 979
976
3 800
5,383
4 759
8,657
5 298
1,034
3,765
3,223 '
3, 688
5,169
4,486 r 4, 680
4,808
4, 045 r 4, 400
5,852 ' 6, 443 ' 7, 626
5,207
3, 520 ' 3, 923
926
'984
1,071
do
do
do
do
289, 080
93, 550
5,151
23, 112
300, 956
99, 767
5,464
22, 297
26, 421
8,885
482
1, 992
26, 282
8,814
469
2 026
24, 976
8,352
461
1 908
24, 240
8,286
493
1 827
23, 966
7, 975
437
26, 130
8, 497
450
26, 485
8,672
465
26, 376
8,570
463
26, 173
8,606
484
27, 193
8, 961
533
24, 993 ' 26, 612 27, 563
9, 223
8,470 ' 8, 720
519
506
513
do
do
do
do
24, 057
48, 153
24, 412
15, 733
25, 192
48, 763
26, 604
17, 502
2 148
4, 212
2,223
1,482
2 167
4 072
2 242
1,484
2 068
3 889
2 232
1,367
2 024
3 642
2 348
1,273
2 007
3,850
2, 289
1,338
2 141
4, 305
2,373
1, 501
2 211
4 291
2, 275
1,563
2, 148
4,537
2, 323
1,618
2 153
4 454
2, 282
1,647
2 300
4, 549
2, 382
1, 690
2, 045
4,058
2,327
1,501
do
55 073
53 235
59 562
54 464
55 718
56 982
57 790
57 680
58 352
58 988
58 418
T
do
do
do
do
29, 900
1,475
4 895
2 409
28 152
1 461
4 450
2 062
27 680
1 444
4 316
2 002
29 185
1 551
4 439
2 124
30 166
1,617
4 624
2 202
30 856
1,587
4 780
2 327
31 616
1 659
5 014
2 401
31 308
1, 728
5 385
2 667
31 850
1 713
5 501
2 641
32, 650
1,762
5 404
2 750
32, 123
1, 793
5 312
2, 940
'31,464 '31,543
1,756
' 1, 831
' 3, 991 ' 4, 270
1,712
' 1,457
do
do
do
do
do
--do
3,617
4 682
4,355
6,761
3 830
990
3,466
4 505
4 376
5, 796
2 859
963
3 511
4 407
4 402
5, 617
2 803
926
3,582
4 440
4 497
6,726
3 890
900
3,507
4 908
4 380
7,142
4 442
984
3,458
4 748
4 369
7, 832
5 010
1,010
3,534
4 936
4 340
8,018
5 132
967
3, 459
4 794
4 348
7,340
4 730
1.007
3,591
4 855
4 501
7,388
4 576
1.007
' Revised.
1 Based on data not seasonally adjusted.
2 Advance estimate; total mfrs.
lipments for Sept. 1971 do not reflect revisions for selected components. §The term "busiess" here includes only manufacturing and trade; business inventories as shown on p. S-l
}ver data for all types of producers, both farm and nonfarm. Unadjusted data for manufacturig are shown below and on p. S-6; those for wholesale and retail trade on pp. S-ll and S-12.
r
r 29, 709 '32,627 2 32, 859
' 1, 944 1,925
' 3, 843 ' 4, 237 2 4, 577
'1,410
1,635
2,280
4,653
2,349
1, 609
' 2, 289
' 4, 329
r 2, 320
' 1, 624
57, 804
2 7, 792
57,464
3,437 ' 3, 679
3,550
4 937 ' 4, 983
5 015
4 434 ' 4, 513
4 476
8,011 ' 7, 749 ' 7, 915 '
4 647 ' 5 195' 5, 303
' 969
1.022
982
3,645
5,023
4,487
7, 620
5,111
974
2 31,403
2 4, 565
2 7, 154
tSee corresponding notes on pp. S-4; S-7, and note marked "t" on p. S-ll.
tSe>3 corresponding
note on p. S-12.
9 Includes data for items not shown separately.
a
Retail sales data are being revised; data for August, as well as revisions for earlier periods,
will appear in the November SURVEY.
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1969
1970
Annual
November 1971
1970
Sept.
Oct.
1971
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
1
1 May
June
July
26, 295 ' 26,340 26, 262
8,739 ' 8, 683 8,637
502
491
488
Aug.
Sept.
Oct.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERSf— Continued
Shipments (seas, adj.) f— Continued
By industry group:
Nondurable goods industries, total 9
mil.$
Food and kindred products
do
Tobacco products
do
Textile mill products
do
Paper and allied products
_
do
Chemicals and allied products
do
Petroleum arid coal products
do
Rubber and plastics products
do
By market category:
163, 134
Home goods and apparel.
do
Consumer staples - _
do _. 1121,708
196, 846
Equipment and defense prod., excl. auto. do
160, 053
Automotive equipment
do
151, 722
Construction materials and supplies
do
Other materials and supplies..
do __ 1250,082
Supplementary series:
126, 485
Household durables
_
do
146, 051
Defense products (old series) .
do
124, 511
Defense products (new series).
,
do
170, 093
Producers' capital goods industries.
do
Inventories, end of year or month :t
Book value (unadjusted), total
Durable goods industries, total
Nondurable goods industries, total.
25,173
8, 335
467
1,868
2,067
4, 021
2, 189
1,470
25,083
8,363
479
1,856
2,071
3, 975
2,232
1,406
24,882
8,252
458
1,856
2,050
3, 976
2, 21!)
1,383
25,279
8,310
493
1, 920
2,073
4,033
2,347
1,357
25,552
8, 497
489
26,126
8,667
478
26,174
8,747
479
26,372
8,882
471
26,502
8, 795
471
26,338
8, 699
495
2,150
4,064
2,317
1,448
2,144
4,303
2, 398
1,484
2,173
4, 192
2,344
1,499
2,137
4, 290
2,368
1,538
2,171
4,315
2, 295
1,604
2, 219
4,363
2,287
1,582
161, 247
1128,970
199, 238
153, 590
153, 344
1256,756
5,301
10,781
8, 296
4, 509
4,536
21,650
5, 292
10,798
8,217
3,509
4,438
20,981
5,304
10,685
8,034
3,444
4,426
20,669
5,457
10,838
8,037
4,542
4,626
20,964
5,311
10,858
8,363
5, 042
4, 790
21,354
5, 340
11,182
8,273
5,623
4,776
21,788
5,489
11,290
8, 479
5,700
4, 941
21,891
5,516
11,431
8,217
5,283
5, 019
22,214
5, 583
11,274
8,555
5,136
5,116
22,688
5,437
11,286
9, 134
5, 226
5, 171
22,734
125, 713
146, 603
i 24, 308
171, 159
2,170
3, 897
2,121
5,947
2,174
4,016
2,184
5, 819
2,181
3,860
2, 036
5,815
2,263
3,877
2, 021
5,821
2,231
3,755
1, 913
6,125
2, 234
3,740
1, 898
6,054
2,379
3,771
1,887
6,181
2,435
3,594
1,825
5, 973
2,396
3,820
2,006
6, 203
2, 407
4,338
2, 589
6,396
101,112 100,956
65, 352 65,412
35, 760 35, 544
101,257
65, 649
35, 608
101,626
65, 790
35, 836
100,734
65,046
35, 688
2,187
4,330
2, 344
1,637
'
'
'
r
2, 270
2,193
4, 305
4,445
2, 293 2,310
1, 682
1,596
5,295 r 5, 322
5,229
11,218 ' 11,279 11, 254
8,336 ' 8, 484
8,347
5,749 ' 5, 889 5,707
5,170
5,154 ' 5, 334
22, 666 '21,496 21, 757
2,328
3,548
2,010
6,304
' 2, 419 '
' 3, 584 '
' 2, 077 '
' 6, 435 '
2, 397
3, 431
1, 765
6, 652
22,359
23,495
21,782
26,709
do. ..
do. _
do
96, 390
62, 838
33, 552
100,135
64, 781
35, 354
98,708
64, 497
34, 211
99,501
64, 696
34, 805
100,264
65, 013
35, 251
do
96, 673
100,476
99,576
100,282
100,927 100,476
100,878
100,602
100,502 100,420
100,647
100,536 100, 194 ' 100,063 100, 211
do
do
do
do
63, 160
2,126
8,281
4,419
65, 152
2,278
9,139
4,854
64, 965
2,283
8, 987
4,800
65, 218
2,306
9, 114
4,866
65, 517
2,313
9, 233
4, 948
65, 152
2,278
9,139
4,854
65, 308
2,281
9, 443
5,102
65, 090
2, 263
9,487
5,117
65, 082
2, 267
9, 498
5,138
65, 033
2, 265
9, 333
5,040
65, 079
2,269
9, 236
4, 985
64, 825
2, 280
9, 170
4,815
64, 692
2, 293
8,821
4, 464
6,653
13, 203
9, 832
14, 682
4,081
2, 256
6,972
14, 072
10, 186
14, 133
4,115
2,417
6,949
13, 874
10, 239
14, 281
3,840
2,446
6, 941
13, 968
10, 303
14, 267
3,958
2,421
7,068
14, 026
10, 256
14, 297
4,041
2,412
6, 972
14, 072
10, 186
14, 133
4,115
2,417
7,061
13, 970
10, 022
14, 032
3, 994
2,421
7,072
13, 976
9, 968
13, 870
3, 981
2, 387
7,122
13, 932
10, 020
13, 813
3, 996
2,374
7,140
13, 879
10, 005
13, 942
4,076
2,365
7,283
13, 837
9, 930
14, 035
4,193
2,379
7,410
13, 854
9, 973
13, 668
4, 289
2,358
7,510 ' 7, 519
13, 831 ' 13,745
9, 920 ' 9, 885
13, 796 ' 13,570
4,233 '4,015
2,327 ' 2, 356
7,416
13, 692
9, 917
13, 482
3,858
2,362
do
do
do
do
18, 678
3,002
6,171
3,343
19, 056
3,309
6,326
3, 251
18,825
3, 271
6, 297
3,115
18,869
3, 329
6,265
3,148
19,006
3,355
6,304
3,246
19,056
3, 309
6,326
3,251
19,109
3,389
6, 422
3,145
19,061
3,396
6,448
3, 086
18,996
3,373
6,431
3,037
19,359
3,358
6,504
3,164
19,570
3,330
6,495
3,285
19,696
3,420
6, 490
3,151
19, 932 ' 19,709
3,403 ' 3, 436
6,570 r 6, 496
3,166 '3,012
19,271
3,487
6,390
2,822
Work in process9
do
Primary metals
do
Machinery (elec. and nonelec. )._ -do
Transportation equipment
do
28, 963
2, 909
10, 932
9, 869
29, 233
3,168
11,210
9, 406
29,622
3,117
11,256
9, 713
29,636
3,145
11,342
9, 670
29,665
3,204
11,301
9, 580
29,233
3,168
11,210
9, 406
29,254
3,315
10, 905
9, 430
28,944
3,277
10, 836
9, 326
28,811
3,213
10, 754
9, 338
28,594
3,166
10, 703
9, 343
28,547
3,126
10, 678
9, 333
28,329
3,068
10, 758
9, 112
28, 177 r 28,214
2,960 ' 3, 024
10, 605 ' 10,555
9, 243 r 9, 158
28, 539
3,115
10, 623
9,272
Finished goods 9
do
Primary metals
do
Machinery (elec. and nonelec. ).. -do
Transportation equipment
do
15, 519
2, 370
5, 932
1,470
16, 863
2 662
6.722
1,476
16,518
2, 599
6,560
1,453
16,713
2,640
6,664
1, 449
16,846
2,674
6,677
1,471
16,863
2,662
6,722
1,476
16,945
2, 739
6,665
1,457
17,085
2, 814
6,660
1,458
17,275
2, 912
6,767
1,438
17,080
2, 809
6,677
1,435
16,962
2,780
6, 594
1,417
16,800
2,682
6, 579
1,405
16, 583 ' 16,600 16, 688
2,575
2,458 ' 2, 493
6,576 ' 6, 579 6,596
1,388
1,387 '1,400
Nondurable goods industries, total 9 _ . do
Food and kindred products
do
Tobacco products
do
Textile mill products
do
Paper and allied products
do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products
do
By stage of fabrication:
Materials and supplies
do
Work in process
do
Finished goods
do
33, 513
8,230
2,208
3,655
2,588
6,153
2, 150
2,066
35, 324
8,765
2, 191
3,398
2, 769
6,758
2,418
2,165
34,611
8, 329
2, 179
3,471
2, 719
6,604
2,336
2,115
35, 064
8, 593
2, 195
3,516
2,704
6,654
2,367
2, 133
35, 410
8,781
2,221
3,461
2,732
6,726
2,455
2, 154
35, 324
8,765
2,191
3, 398
2, 769
6,758
2,418
2,165
35, 570
8, 932
2,207
35, 512
8, 879
2,265
35, 420
8,858
2,215
35, 387
8,756
2,214
35, 568
8,894
2, 190
35,711
8, 966
2, 180
35, 502 ' 35,540
8,791 ' 8, 818
2, 142 ' 2, 129
2,756
6,725
2,407
2,132
2,734
6,750
2,381
2,123
2,718
6,746
2,348
2,147
2,725
6,745
2,351
2, 142
2,738
6, 799
2,375
2,131
2, 731
6,808
2,402
2, 131
12, 583
5,135
15, 795
13, 026
5,055
17, 243
12,524
5,074
17,013
12,718
5, 119
17,227
12,874
5,141
17,395
13,026
5,055
17,243
13,024
5,116
17,430
13,013
5,090
17,409
12,897
5, 092
17,431
12,927
5,090
17,370
12,918
5,155
17,495
13,058
5,143
17,510
12, 989 ' 13,027
5,144 ' 5, 108
17, 369 ' 17,405
10, 221
¥>• 809
25, 688
5,244
7, 559
35, 152
10, 492
13, 450
26, 056
5, 288
7,817
37, 373
10,400
13,153
26,311
5, 007
7,811
36,894
10,510
13,311
26,220
5,155
7,843
37,243
10,487
13,487
26,173
5,227
7, 970
37,583
10,492
13,450
26,056
5, 288
7,817
37,373
10,512
13,666
26,081
5, 149
7,883
37,587
10,476
13,673
25,961
5,124
7,888
37,480
10,498
13,634
25,868
5, 127
7, 934
37,441
10,518
13,593
25,881
5, 214
7, 933
37,281
10.561
13^723
25^808
5, 322
7,973
37,260
10,628
13,774
25,371
5,428
8,025
37,310
10, 660
13, 599
25, 479
5, 396
8,085
36, 975
4,777
13, 088
7, 459
16, 219
4,914
12, 034
6, 493
17, 569
4,854
12,633
6,986
17,271
4,909
12,380
6,803
17,434
4,900
12,259
6,675
17,523
4, 914
12,034
6,493
17,569
4,818
12,122
6, 189
17,446
4, 790
12,021
6,020
17,415
4, 824
11,937
6,008
17,381
4,829
11,922
6,108
17,438
4,850
11,805
6,067
17,440
4.895
11,273
5,507
17,507
4,910
4,935
4,917
11, 308 ' 11,191 11,279
5,488 ' 5, 282 5,408
17, 546 ' 17,501 17,487
New orders, net (not seas, adj.), totalf--- ...do. .. 645,216
Durable goods industries, total
do
356, 177
Nondurable goods industries, total
do
289, 039
646,388
345, 332
301, 056
56,093
29, 645
26, 448
54,151
27, 769
26, 382
52,144
27, 138
25, 006
54,075
29, 823
24, 252
53,516
29, 551
23, 965
58,318
32, 167
26, 151
59,297
32, 761
26, 536
57,433
31, 032
26, 401
56,428
30, 280
26, 148
60,001
32, 805
27, 196
53, 835 ' 56,453 59,648 2
28, 834 ' 29,916 -32,432 ~ ~32~49i
25, 001 ' 26,537 27,459
do
1645,216
1646,388
53,567
51,951
52,463
55,468
57,255
57,165
57,699
56,597
57,028
57,009 '58,255 ' 58,085
do
do
do
356, 177
56, 332
27, 099
345, 332
55, 031
25, 696
28, 355
4,547
2, 224
26, 779
4,164
1, 939
27, 560
4,348
2, 005
30, 140
4,818
2, 549
31, 666
5,558
3,032
31, 071
5, 139
2,656
31,472
5,155
2, 494
30, 228
4,882
2, 290
30, 601
4,800
2, 079
30, 666
4,536
1, 945
do
do
do
do__.
do._-
39, 947
57, 921
49, 413
85, 113
24, 562
42, 555
54, 847
50, 629
76, 554
23, 284
3,644
4,517
4, 096
6,036
1, 769
3,494
4, 369
4,167
5,072
1, 396
3,464
4,431
4,416
5, 490
2,050
3, 975
4, 498
4,641
6, 689
2,063
3,468
4,854
4,250
7, 900
2,254
3,331
4,766
4,278
7, 957
1,537
3,576
4,985
4, 291
7,627
1,827
3, 419
4, 599
4,310
7,032
1,853
3, 532
4, 809
4, 409
6,958
1,623
3,462
5,122
4,333
7,065
1, 968
do
do
do___
289, 039
77, 774
211, 265
301, 056
79, 840
221, 216
25, 212
6,635
18, 577
25, 172
6,660
18, 512
24, 903
6,573
18, 330
25, 328
6, 729
18, 599
25, 589
6,831
18, 758
26, 094
6,833
19, 261
26, 227
7,047
19, 180
26, 369
6, 913
19, 456
26, 427
6, 973
19, 454
26, 343
7,082
19, 261
Book value (seasonally adjusted), totalf
By industry group:
Durable goods industries, total 9
Stone, clay, and glass products.
Primary metals. _
Blast furnaces, steel mills
Fabricated metal products
do
Machinery, except electrical
do
Electrical machinery
do
Transportation equipment
do _
Motor vehicles and parts
do
Instruments and related products.. do
By stage of fabrication:
Materials and supplies 9
Primary metals
Machinery (elec. and nonelec )
Transportation equipment
By market category:
Home goods and apparel
do
Consumer staples
._ do
Equip, and defense prod., excl. auto
do
Automotive equipment
do
Construction materials and supplies
do
Other materials and supplies... _
do
Supplementary series:
Household durables
do
Defense products (old series)
do
Defense products (new series). .
do
Producers' capital goods industries
do
New orders net (seas adi ) totalt
By industry group:
Durable goods industries, total 9
Primary metals
Blast furnaces steel mills
Fabricated metal products
Machinery except electrical
Electrical machinery
Transportation equipment
Aircraft, missiles, and parts
Nondurable goods industries, total
Industries with unfilled orders©
Industries without unfilled orders^
2
' Revised.
1 Based on data not seasonally adjusted.
Advance estimate ; total nifrs.
new orders for Sept. 1971 do not reflect revisions fors elected co mponents
fSe<i correspc nding note on p. S-7.
9 Includes data for items not shown se parately.
0Inc ludes tes tile
mill products, leather and products, paper and allie d product s, and pri nting an d publishling
FRASER
Digitized for
100.135 100,977
64, 781 65, 133
35, 354 35, 844
99, 826 ' 99,754
64, 482 ' 64,426
35, 344 ' 35,328
2,744
6,786
2,397
2,153
r
r
64,523
r 2, 302
r 8, 953
' 4, 635
'2,711
' 6, 729
'2,471
' 2, 095
' 10,726
' 13,659
' 25,372
' 5, 198 [
' 8, 200
' 36,908
99, 324
64,024
35, 300
64, 498
2,299
9,177
4,834
35, 713
8,944
2,187
2, 719
6,688
2,460
2,052
13,081
5,210
17, 422
10, 790
13, 895
25,364
5,010
8,195
36, 957
56, 928
31, 955 '31,758 '31,026
4, 434 ' 4, 184 '4,517
2,030 ' 1, 701 2, 026
3,489
4,823
4,827
r 8, 082
2,404
2 31,06'
2 4, 59f
r
3,520
3, 577
' 5, 072 4, 935
' 4, 584 4,648
' 7, 923 ' 7, 130 ~~2"6,~78f
1, 299
1, 985
26, 300 ' 26,327 26, 169
7,022 ' 7, 201 6, 991
19, 278 ' 19,126 19, 178
indus tries; unf illed ord ers for ot ier nond urable g Dods indListries ar e zero,
IfFc >r these i ndustrie 5 (food atid kindr 3d produ cts, toba ceo proc ucts, ap]Darel am [ related
produ cts, petn>leum an d coal pr ^ducts, c liemicals and allie d products,andriibber anc . plastics
produ cts) sales are con sidered e ;}ual to n ew order s.
SURVEY OF CURRENT BUSINESS
November 1971
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1969
1970
Annual
S-7
1971
1970
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERSf-ContinuetJ
New orders, net (seas. adj. )f— Continued
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 series:
Household durables
.
Defense products (old series)
Defense products (new series)
...
Producers' capital goods industries
mil $
do
do
do
do
do
2
62,977
2
121,670
2
97,232
2
2
61, 236
2128,981
2
95,944
2
60,314
52,909
2 51,860 2 53,871
2251,163 2253,447
5,288
10,777
7,523
4,447
4,627
20,905
5,258
10,809
7, 828
3,484
4,522
20,050
5, 315
10,690
8,021
3,322
4,381
20,734
5,481
10,836
8,352
4,546
4,988
21,265
5, 314
10,872
8, 954
5, 068
4,783
22,264
5,316
11,175
8,552
5,652
4,606
21,864
5,531
11,303
8,163
5, 762
5,020
21,920
5,516
11,440
8,013
5,228
4, 952
21,448
5,682
11,273
8,037
5, 234
5,066
21,736
5, 365
11,266
8, 298
5,184
5,077
21,819
5,360 ' 5, 361
5,239
11,223 rll,282 11, 242
8,871 ' 8, 509 7,797
' 5, 781 ' 5, 863 5,746
5, 306 ' 5, 209 5,012
21,714 r 21,861 21, 892
2
26,360
2
43,279
2
23,
118
2
2
25,740
2
42,865
2
23,
455
2
69,530
2,173
3,186
2, 005
5,614
2, 133
3,120
2,125
5,843
2,193
3,814
2,016
5,-871
2,294
3,970
2,051
5, 925
2,240
3,848
2,170
6,442
2, 199
3,247
2,357
6,617
2,421
3,275
1,580
6,219
2,433
3,496
1,500
5,677
2,483
3,233
1, 573
6,193
2,338
3,628
1,678
6, 237
87, 025
84, 120
2, 905
80, 268
77, 263
3,005
81,018
78, 155
2,863
79,754
76, 791
2, 963
79,199
76, 206
2, 993
80,268
77, 263
3,005
81,837
78, 833
3,004
82, 745
79, 720
3, 025
82,659
79, 583
3,076
81,713
78, 612
3,101
79, 432
76, 356
3,076
77,294
74,211
3,083
77,646 f' 77,773 77, 547
74,559 74,763 ' 74,568 i 74,198
3,087 '3,010
2,906
87, 320
80, 527
80,906
79,622
79,523
80,527
82,064
82,247
82,156
81,073
79,749
77,775
77,615 ' 77,898
84, 379
7,408
3,776
77, 485
6,687
3,727
78, 023
6,562
3, 422
76, 650
6,276
3, 299
76, 530
6,308
3,302
77, 485
6,687
3,727
78, 985
7,621
4,557
79,200
7, 980
4,886
79, 056
8,121
4, 979
77, 976
7,618
4, 602
76, 727
6,917
4,040
74, 748
6,049
3,235
74,584 ' 74,879 ' 74,362 174,026
5,173 ' 5, 366 '5,612 i 5, 644
2, 325 ' 2, 569 2,883
do
_ _ do
do
do
do
10, 596
15, 815
14, 681
30, 055
23, 382
11,218
14, 505
14, 469
25, 490
19, 504
10, 844
14, 559
14, 520
26, 378
20, 589
10, 872
14, 423
14, 311
25, 654
19, 708
10, 825
14, 447
14, 325
25, 527
19, 618
11,218
14, 505
14, 469
25, 490
19, 504
11,179
14,451
14, 339
26, 248
19, 710
11,052
14, 469
14, 248
26, 373
19, 108
11,094
14,518
14, 199
25, 982
18, 705
11,054
14, 323
14, 161
25, 674
18, 562
10, 995
14, 277
14, 069
25, 244
18, 044
10, 909
14, 385
13, 925
24, 297
17, 369
10,960
14,269
14,320
24,610
17,840
Nondur. goods ind. with unfilled orders©__do
2, 941
3,042
2,883
2,972
2, 993
3,042
3,079
3,047
3,100
3,097
3,022
3,027
3,031
1,987
47, 397
10, 237
27, 699
1,992
43, 409
10, 737
24, 389
1,977
43,639
10,336
24,954
1,954
43,225
10,420
24,023
1,970
43,090
10,375
24,088
1,992
43,409
10,737
24,389
2,009
44,026
10,730
25,299
1,978
44,334
10,560
25,375
2,033
44,080
10,639
25,404
2,042
43,821
10,572
24,638
2,140
43,401
10,522
23,686
1,603
29, 804
20, 372
24, 245
1,639
26, 078
19, 506
22, 574
1,637
26, 927
19, 554
22, 390
1,596
26,031
19, 496
22,414
1,608
25,985
19, 475
22,470
1,639
26,078
19, 506
22,574
1,648
26,171
19, 769
22,891
1,613
25,678
20, 227
23,454
1,655
25,182
19, 920
23,492
1,653
25,084
19, 595
23,196
274, 267
266, 086
21,501
22, 372
21, 452
21, 625
19, 178
22, 383
22, 699
22, 085
23, 372
22, 338
19,698
20, 923
25, 752
23, 220
9,154
1,159
1,590
1,493
4,070
842
10, 748
1,392
1,687
2,035
4,650
984
906
111
118
199
391
87
941
114
149
185
419
74
939
126
133
174
414
92
869
114
112
176
372
95
905
134
140
167
380
84
860
107
141
170
361
81
1,042
156
154
196
444
92
do
do
do .
do
Unfilled orders, end of year or mon th (unadjusted),
total
mil. $
Durable goods industries, total
do
Nondur goods hid. with unfilled orders©
do
Unfilled orders, end of year or month (seasonally
adjusted), totalf
mil $
By industry group:
Durable goods industries, total 9
do
Primary metals
_ _
do
Blast furnaces steel mills
do
Fabricated metal products _
Machinery, except electrical
Electrical machinery
Transportation equipment
Aircraft missiles, and parts
By market category:
Home goods, apparel, consumer staples do
Equip, and defense prod., incl. auto
do
Construction materials and supplies
do
Other materials and supplies
do
Supplementary series:
Household durables
. _ . _ do
Defense products (old series)
do
Defense products (new series)
do
Producers' capital goods industries
do
72,885
2,401
4,246
2, 900
6,146
' 2, 457
' 3, 634
'r 2, 154
6, 551
*r 2, 379
3, 018
r
1, 467
* 6, 425
i 2, 429
i 3, 208
i 1,961
16,812
77, 363
' 10,859 10, 734
' 14,360 14, 271
r 14,393 14, 552
'r 24,618 r 24,128 i 23,759
17,895 17,410
'3,019
2,926
2,048
42,525
10,430
22,772
2,120 ' 2, 163
43,091 ' 43,091
10,580 ' 10,456
21,824 ' 22,188
2,162
42, 579
10, 300
22, 322
1,740
24,497
19,122
23,186
1,672
23,787
18,211
23,028
1,747 ' 1, 786 ' 1, 769 i 1,838
24,486 r 24,535 ' 24,122 i 23,837
19, 101 ' 19,177 ' 18,880 i 19,060
22,867 r 22,986 r 22,759 i 22,862
24, 389
22, 770
23, 899
24, 168
26,266
24,691
24, 898
25, 073
989
126
159
167
440
97
912
139
134
171
385
83
935
137
118
199
410
71
786
106
109
156
340
75
BUSINESS INCORPORATIONS^
New incorporations (50 States and Dist. Col.):
Unadjusted
__ .
number
Seasonally adjusted©
do
INDUSTRIAL AND COMMERCIAL
FAILURES d"
Failures, total
.
number
Commercial service _ _
do
Construction
do
Manufacturing and mining
do
Retail trade
do
Wholesale trade
do
Liabilities (current), total
Commercial service __
Construction
Manufacturing and mining
Retail trade
Wholesale trade
thous. $__
do
do
do
do
do
1,142,113
126, 537
171,717
406, 450
265, 122
172, 287
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns..
237.3
23, 698 ^22, 831
25, 142 *23, 363
848
108
131
169
345
95
741
117
114
140
304
66
1,887,754 232, 940 144, 773 119,836 121,723 168, 803 150,903 224, 646 153, 796 249, 489 165, 840 147, 028 155, 555 115, 847
9,896 19, 963 26, 235 11,567 95, 547 19, 252 46, 032 16, 122 39, 055 27,515 24, 983
298,736 55, 678 19, 950
231, 533 15, 044 14, 109 15, 390 13, 662 39, 145 13, 582 18, 128 23, 788 23, 881 24, 406
8,593 13. 205 20, 267
817,841 91,431 67, 607 52, 624 45, 820 57, 073 76, 501 47, 949 53, 873 62, 175 85, 082 62, 851 65, 460 38, 580
360, 603 54, 970 29, 410 29, 809 25, 901 30, 785 30, 960 38, 132 41,368 104, 367 29, 952 22, 523 34, 071 20, 178
179, 041 15,817 13, 697 12, 117 16, 377 15, 565 18, 293 24, 890 15,515 13,034 10, 278 14, 006 15, 304 11, 839
243.8
50.0
45.9
50.8
44. 5
43.3
41.8
43.9
42.9
42.8
44.3
39.6
43.6
40.1
288
258
347
196
205
176
329
614
286
250
331
202
195
165
288
614
287
244
297
228
174
158
295
623
282
235
269
228
167
155
271
638
287
240
302
233
157
161
298
640
314
334
401
128
317
339
403
130
323
347
409
134
323
359
403
132
328
370
412
124
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS
Prices received, all farm products}:
Crops? —
Commercial vegetables
Cotton
_
Feed grains and hay
Food grains
Fruit
Tobacco. _ _ _
Livestock and products 9
Dairy products
Meat animals
Poultry and eggs. _
_
_
1910-14 = 100..
do
do
do
do
do
do
do
do
do
do
do
Prices paid:
All commodities and services
do
Family living items
do
Production items .
do
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14 = 100
Parity ratio §
r
do
274
274
270
231
292
178
199
171
217
612
284
237
317
182
201
172
234
614
282
242
353
178
201
170
253
614
282
244
351
188
199
171
257
614
303
367
351
143
264
224
263
177
192
170
209
610
299
365
342
147
304
360
357
143
324
357
403
136
317
352
393
134
315
345
393
134
286
251
351
192
199
174
284
614
316
339
401
129
340
369
319
340
371
319
341
372
390
343
372
322
346
376
325
348
376
328
349
377
329
351
381
330
354
383
333
353
383
332
355
386
333
356
388
333
355
387
333
393
394
395
396
400
403
404
407
410
412
410
412
413
414
71
70
68
66
68
70
70
69
70
70
70
70
68
69
219
298
173
167
154
24 ?
594
280
226
294
183
177
162
237
604
280
234
291
185
190
170
277
610
321
326
400
162
326
345
405
151
324
351
304
320
351
390
152
230
261
193
187
173
256
589
312
363
378
133
336
366
314
339
369
318
373
390
74
72
Revised.
p Preliminary.
i Advance estimate; total mfrs." unfilled orders for Sept.
1971 do not reflect revisions for selected components.
2 Based on unadjusted data.
tData
for mfrs. sales, inventories, and orders were revised for 1961-70 in Oct. 1970 and again in Aug.
1971 for 1966-71. The latter revision reflects: Benchmarking to the levels of the Annual Survey
of Mfrs. for each year 1966 to 1969; introduction of a small number of other corrections; and
development of new seas, factors. Revised data, seas, factors, and technical and analytic data
Digitized
appearforinFRASER
two special Census Bureau reports entitled Mfrs.' Shipments, Inventories, and
270
231
280
187
184
175
252
606
Orders: Series M3-1.2 (data for 1961-65) and Series M-3-1.3 (data for 1966-71), available from
the U.S. Government Printing Office, Wash., D.C. 20402, priced $1.00 and $.70, respectively.
eSee corresponding note on p. S-6.
9 Includes data for items not shown separately,
cf Compiled by Dun & Bradstreet, Inc. (failures data for 48 States and Dist. of Col.).
O Revisions for Jan. 1969-Jan. 1970 will be shown later.
§Ratio of prices received to prices paid (parity index).
{Revisions back to Jan. 1966
are available from the Dept. of Agriculture, Statistical Reporting Service.
SUKVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown in
the 1969 edition of BUSINESS STATISTICS
1969
1970
Annual
November 1971
1971
1970
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July | Aug.
Sept.
Oct.
COMMODITY PRICES—Continued
CONSUMER PRICES
(U.S. Department of Labor Indexes)
Unadjusted indexes: |
All items
..
Special group indexes:
All items less shelter
All items less food
All items less medical care
Commodities _ . _
___
Nondurables
Nondurables less food
Durables 9
- -- -Commodities less food
Services
Services less rent.
1967=100.
109.8
116.3
117.5
118.1
118.5
119.1
119.2
119.4
119.8
120.2
120. 8
121.5
121.8
122.2
122.4
122.6
do
_ .do __
do
109.0
110.1
109.7
114.4
116.7
116.1
115.4
118.0
117.2
116.0
118.9
117. 9
116.3
119.6
118.3
116.8
120.2
118.8
117.0
120.3
118. 9
117.4
120.4
119.1
118.0
120.6
119. 4
118.6
120. 9
119.8
119. 2
121.6
120.4
119.8
122 2
121.1
120.0
122.4
121.4
120.3
122.9
121.8
120.4
123.3
121.9
120.6
123.7
122.2
_ _.do
do
do
do _
do
do
.-do
108.4
108. 9
108.8
107.0
108.1
112 5
113.8
113.5
114.0
113.1
111.8
112.5
121.6
123.7
114.2
114.9
114.1
112.5
113.4
123.5
125.8
114.8
115.2
114. 9
113.9
114.5
124. 1
126.5
115.1
115.3
115.4
114.7
115.1
124. 9
127.3
115.6
115.6
115.7
115.2
115.5
125.6
128.0
115.4
115.4
115.3
115.2
115.2
126.3
128.7
115.5
115.7
115.4
115.0
115.2
126.6
129.0
116. 1
116.4
115.7
115.2
115.5
126.6
128. 9
116. 6
116. 9
116.0
115.7
115.8
126.8
129.1
117.2
117.4
116.6
116.6
116.6
127.5
129. 8
117.9
118. 1
116. 9
117.4
117. 1
128 2
130.6
118.1
118.3
116.7
117.5
117.0
128.8
131.2
118.3
118.6
117.2
117.4
117.3
129.4
131.9
118.3
118.7
118.2
117.2
117.8
129 9
132.4
118.6
118.8
118.7
118.0
118.3
130. 1
132. 6
108.9
110.8
106.7
109.3
110.8
113 3
105.7
116 0
103 6
105.6
102.8
109.0
111 5
107 2
106 5
104 4
103 1
112.7
110 3
113 4
109 3
108 7
114.9
116.5
111.8
113.4
118.9
123.6
110. 1
128.5
107.6
110.1
107.3
113.4
116.1
112.7
111. 1
107.6
104.3
128.5
116.2
120.6
113 2
113.4
115.7
117.0
112.5
111.5
120.6
125. 9
110.9
131.3
108.4
111.4
107.6
114.2
117.2
113.0
111 2
105.1
104 9
131.2
117 7
122 6
114 0
114 7
115.5
116.1
113.1
110. 0
121.2
126.5
111.4
131.9
109.2
112.5
108.8
114.5
118.2
115.2
113 4
110.8
107 2
131.3
118 2
122.8
114 4
115 2
114.9
114.3
113.5
109. 4
121.9
127.1
111.8
132.5
110.7
113.9
109.9
115.1
119.0
116.0
114 2
112.5
108 8
132.5
118 7
123 4
114 5
116 0
115.3
113.7
113.6
110.6
122.6
127.9
112.6
133.4
111.3
114. 9
110.7
115.3
119. 2
116.9
115 2
114. 1
109 5
133.4
119 1
124.2
115 0
116 2
115.5
113.1
113.9
109.6
122.7
128.0
112.9
133.4
112.1
116.7
111.5
115.4
117.6
117.5
115.8
115.4
107 0
133.9
119. 8
124. 9
115 3
117 3
115.9
113.6
114.0
112.6
122. 6
127.3
113.6
132.3
113. 1
117.2
112.8
115. 9
118.1
117.5
115 8
115.2
105 5
134.4
120.2
125.8
115 4
117. 5
117.0
115.6
114.2
116.0
122.4
126.7
113.9
131.2
113.8
117.4
113.3
116.4
118.6
117.8
115 9
114. 3
106 8
136.0
120 6
126 8
115 8
117 7
117.8
115.7
114.6
120.0
122.5
126.5
114.4
130.9
114. 1
117.3
113.9
117.0
119 1
118. 1
116 2
113 8
109 8
136. 4
121 2
127 5
116 3
118 4
118.2
115.8
115.1
121.4
123.2
127. 2
114.7
131.6
114.4
117.2
114.4
118.1
120.2
118.8
117.0
113.9
112.8
136.4
121.6
128. 1
116. 5
118.9
119.2
117.4
115.7
125. 1
124.0
128 3
115.2
133 0
114 6
117 4
114.6
118.7
1?0 1
119 6
117 6
113 9
114 1
139 0
l'>8 6
116 8
119 3
119.8
118.0
116.0
126.0
124.5
128.8
115.4
133.5
115.5
117.5
114.7
118.9
119.3
119. 5
117.4
113.8
113.5
139. 0
122.6
129. 3
117.1
119. 6
120.0
118.7
116.0
123.6
125. 1
129.5
115.8
134.4
116.3
117.8
115. 7
119.1
119.0
120.1
118. 1
112.9
112.5
139.1
123.1
130.0
117. 5
119. 7
119.1
119.1
116.1
116.6
125.5
130.1
116.1
135. 1
116.3
117.8
115.7
119.4
120 6
119.8
117 8
111.2
111 6
139.3
123.6
130.4
117 6
120 5
118.9
118.4
116.0
115.6
125. 9
130.6
116.4
135.7
116.3
117.8
115.7
119. 5
121. 6
120.6
118.6
115.3
111.7
139. 3
123.5
129. 6
117. 9
120.5
110. 3
108. 9
111.4
i1 113. 4
112. 6
i 113. 8
112.0
114.3
110.5
110. 9
113. 0
109. 5
109. 2
109. 7
108. 8
107.2
108.3
106. 4
107.1
108. 9
105. 9
109.9
113. 7
107.2
109.3
111.6
107.8
109.7
109.0
110.2
108.1
111. 1
106.1
108.3
113. 8
104.7
108.3
106. 1
107.4
107. 3
107. 5
106.7
108. 6
106.5
110.4
111.0
111.0
110.9
111. 0
111.8
112.8
113.0
113.3
113. 8
114.3
114.6
114.9
114.5
114.4
do
do
do
do
do
108.3
105.9
106 6
106.5
106 9
112.2
109.8
110.4
109. 9
111.9
113.0
110.6
110.8
110.4
112. 3
111. 3
110. 9
110. 9
110.1
113.8
108.7
110.9
111 4
110.5
114 2
108.6
111.0
111.5
110.5
115 1
110.7
111.5
112 2
111.3
115 6
115.9
111.8
112. 8
112.0
115.9
114.3
112. 6
112 9
112.1
116 0
115.2
113. 1
112 9
112.0
116 1
115.8
113.6
113.5
112.7
116.3
116.9
114 0
113 8
113.1
116 5
116.6
114.8
113.8
113.0
116.8
115.2
115.6
114.1
113.3
117.1
113.9
115.4
113.6
112.7
116.9
114.3
115.0
113.8
112. 9
117.1
do
do
do
do
do
107. 9
105.3
106.2
107.7
104.6
112.4
108.9
110.2
112.0
108.2
112.8
109.6
110.8
112.5
108.8
113.8
108. 9
111. 2
113.6
108.6
113.7
108.8
111.2
113.6
108.6
113.8
108.9
111.2
113.8
108.5
114.5
109. 7
111.8
114. 4
109. 1
115.0
111. 1
112.4
114. 9
109.8
115.5
111. 1
112. 7
115 5
109. 9
116.1
111.2
113.0
116 1
109.9
116.5
111.8
113.5
116.5
110.5
116.7
112 5
113 8
116 7
110 8
117.5
112.4
114.5
117.5
11.1.4
118.4
112.4
114.9
118.5
111.2
118.2
111.7
114.7
118.3
111.0
118.2
111.6
114.5
118.3
110.6
__.do _
_
_
-
Food 9
_
_ _
Meats, poultry, and
fish
Dairy products
Fruits and vegetables
_
Housing
_
Shelter 9
Rent
-. _ . _ __
_
Homeownership
Fuel and utilities 9
Fuel oil and coal. _ _ _ _
Gas and electricity..
_ _.
Household furnishings and operation.
Apparel and upkeep
Transportation
__
Private .
New cars
...
Used cars
Public
Health and recreation 9
Medical care...
Personal care
Reading and recreation ..
do
do
do
do
do
do
do
do
do
do
do
do.__
do
do
do
do
do
do
do
do
do
do
19'> 1
WHOLESALE PRICESo1
(U.S. Department of Labor Indexes)
Spot market prices, basic commodities: t
22 Commodities.. _ _ _
1967 = 100
9 Foodstuffs
do
13 Raw industrials
do
All commodities t
_.
By stage of processing:
Crude materials for further processing
Intermediate materials, supplies, etc
Finished goodsO .
Consumer finished goods
Producer finished goods
By durability of product:
Durable goods
Nondurable goods.
Total manufactures. _ _
Durable manufactures
Nondurable manufactures
do_.
1
1
1
108.8
107.9
111.6
112.6
110.3
109.9
109.3
110.7
113.6
113.4
113.3
114.3
115.4
115.0
114. 6
113.0
113.0
Farm products 9-.do
Fruits and vegetables, fresh and dried, .do
Grains
do
Live poultry
_
do
Livestock .
do
108.8
109.3
90.3
109 6
117 0
111.0
111.6
98.8
99 6
116 7
112.1
111.6
109.0
99.8
113 6
107.8
100.8
104.1
93.4
110 6
107.0
107.7
104. 2
95.2
101 2
107.1
111. 3
108.0
80.5
99 5
108. 9
115.7
111.0
96. 3
102 2
113. 9
118.3
111.7
100 0
118 9
113 0
125.3
108.4
100 1
114 9
113 0
120.8
106.8
99 5
116 9
114.0
127.5
107.2
101.3
119. 0
116 0
136.1
109 4
108 1
118 9
113.4
109. 3
102. 5
121. 1
I9!. 3
113.2
115.9
92. 8
100.8
121.3
110.5
103. 6
89.0
102.8
119.1
111.3
115.8
88.3
93. 5
120. 9
Foods and feeds, processed 9
__ .
Beverages and beverage materials
Cereal and bakery products..
Dairy products
Fruits and vegetables, processed
Meats, poultry, and fish,- __
do
do
do
do
do
do
107.3
106.0
102.6
108.2
107. 9
113.8
112.0
112.9
107.6
111 2
110.4
115.8
113.0
114.1
109. 2
111.4
112. 0
115.1
111.8
114.5
109. 9
112.0
111.1
110.9
111.7
114.7
110.6
112.2
111.6
108.8
110.7
114.3
110. 9
112.8
111.0
104.3
111.8
115.0
111.0
112.8
111.2
108.6
113.3
115.2
111.1
112.3
111.5
115.2
113.7
115.3
111.5
115.0
111. 9
112. 9
113.5
115.6
111.5
115 5
113.0
113.3
114.5
115.7
111.5
116.2
114.0
116.4
114.9
115.7
111.5
116 1
115 4
116 7
116.0
115.9
111.5
116.2
115.9
119. 6
115.4
116. 1
111.4
115.4
116. 2
117.7
114.6
116.0
111.3
115.4
115.7
117.5
114.1
116.4
111.3
116.4
115.3
116.9
do
106.0
110.0
110.4
111.3
111.3
111.7
112. 2
112.5
112.8
113.3
113.7
113 9
114.5
115.1
115.0
115.0
do___
do__.
do__.
do
do
do
99.9
86.7
100.3
99.8
109.1
109.1
102.2
88.4
100. 9
101 1
133.3
112 4
102. 5
89.0
101.3
100. 9
127. 9
112.4
103.0
89.5
101.5
101. 2
144.4
112.7
103.3
89.5
101.5
101.6
151.5
112.7
103. 3
89. 4
101.4
101.8
150.9
112.8
103.8
91.7
101. 8
101. 9
133.7
114.5
104.2
92.6
101. 9
102.4
142.6
114 5
104.5
93. 9
102.2
102.6
144.3
115 1
104. 5
94.1
101. 9
102 0
143. 0
115 9
104.3
93.8
101.5
101. 9
138.8
115. 9
104.4
94. 1
102.2
102 3
132 0
115 °
104.4
93. 4
102. 4
102.6
130.8
115.9
104.3
91.0
102. 4
102.7
134.2
115.9
104.3
91.0
102.4
102.6
132. 9
115. 9
104.2
90.4
102.4
102.6
129.0
115.9
Fuels and related prod., and power 9 _ do
Coal
do
Electric power
do
Gas fuels
do
Petroleum products, refined
. do .-
101.0
112.5
102.0
93.1
99.6
105.9
150 0
104 8
103 3
101. 1
107.1
160.0
105 4
106.9
101.6
108.7
175.2
107.2
107.0
101.6
109.7
175.8
108 2
106.5
103.1
112.8
175.8
108 7
107.5
107.5
113.5
176.0
113.0
176 0
110 2
108 1
106.9
112.8
176 0
111 1
109 4
105. 9
113.0
184 0
112 3
105 9
105 3
114.2
182.8
112 6
106. 9
107. 4
114.4
182 5
113 0
107 5
107 4
114.4
182. 9
113 5
107.7
107.2
114.8
182. 9
115.3
107.2
107.3
115.3
182. 9
116.4
108.4
107.3
114.8
182. 9
116.3
108. 8
106.3
104.9
108.0
108.4
Furniture and household durables 9
do._ .
107.8
107.5
Appliances, household ___
do
106.1
103.1
105.3
105. 9
105.3
112.1
112. 4
Furniture, household
do_
108.3
112.0
111.6
94.2
93.7
Home electronic equipment
do
94.7
93.5
93.6
r
Revised.
Preliminary.
1 Computed by OBE.
9Includes data for items not
shown separately.
cfFor actual wholesale prices of individual commodities, see respective
108.7
106.4
112.7
94. 2
110.2
107.4
115.5
94.0
110.2
107.6
115.6
93.8
110.2
107.5
115.6
93.8
Farm prod., processed foods and feeds
Industrial commodities
Chemicals and allied products 9
Agric. chemicals and chem. prod
Chemicals, industrial
Drugs and Pharmaceuticals
Fats and oils, inedible. ___
Prepared paint...
10;) 8
109.3
107. 9
110.0
107.0
115.3
93. 9
commodities.
{New reference base; comparable data for earlier
later.
0Goods to users, incl. raw foods and fuels.
109.3
107.0
112.9
94. 4
109.7
107. 1
113.9
94.2
109. 6
107.0
114.0
93.7
109.7
107. 1
114. 1
93. 7
109. 9
107.1
115.0
93.7
109. 8
107 1
115.2
93.6
periods will be shown
SUKVEY OF CURRENT BUSINESS
November 1971
1970
1969
Unless otherwise stated in foot, otes below, data
in the 1969 edition of BUSINESS STATISTICS
S-9
1971
1970
Annual
Sept.
Oct.
Dec.
Nov.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
114.7
117 1
117 7
113 4
134 3
146 8
114.7
117.1
117.2
113.4
131.8
142 7
COMMODITY PRICES—Continued
WHOLESALE PRICESd"— Continued
(U.S. Department of Labor Indexes — Continued)
All commodities}: — Continued
Industrial commodities — Continued
Hides, skins, and leather products 9
1967=100..
Footwear, __
do
Hides and skins. _
_. _
_ do
Leather
do
Lumber and wood products.. .
__ do _
I, umber
do
108.6
109.1
124.1
108.7
125.2
131.5
110.1
113.0
104.4
107 7
113 7
113 7
109.9
113.7
99.6
105.9
114.2
114.5
110.4
113.8
103.2
107.1
113.1
113.8
110.9
113.8
109.2
107.3
111.9
112.2
110.4
113.9
101.9
107.3
111.1
111.1
111.7
116.0
98. 9
108.2
112. 2
113.0
112.4
116.3
105.3
108.7
117.5
120.3
112.5
116.5
105.5
108.6
123.4
129.0
114.0
116.6
121.1
111.0
124.6
131.5
114.4
116.7
121.4
113.0
124.9
132.8
114.2
116.8
114.0
114.4
126.1
134 4
114.2
116.8
114.0
114.4
142. 5
114.4
117.1
114.6
114.4
134.6
146.7
Machinery and equipment 9
do
Agricultural machinery and equip
do
Construction machinery and equip
do
Electrical machinery and equip
do
Metalworking machinery and equip ..do. __
106.4
108.5
110.0
102.9
107.8
111 4
113 0
115.5
106 4
114 0
112.1
113.1
115.4
107.5
114.3
112.7
114.0
117.7
107.6
114.6
113.1
115.2
118.9
107.9
114.7
113.8
116.3
119.6
108.2
115.1
114. 2
116.3
120.2
108.8
115.2
114.6
116.8
120.5
109.3
116.0
114.9
116.5
120.8
109 7
116.0
115.0
116.7
120.9
109.5
116.6
115.3
116.6
121.1
109.4
117.4
115 5
116.9
121.2
109 4
117.9
115 7
117.4
121.6
109 5
117.7
116 1
117. 5
121. 9
109 9
118. 1
116 0
117 5
121.8
109 7
118 0
116 0
117 5
121.8
109 6
118 1
Metals and metal products 9
Heating equipment. _
Iron and steel. ._
_
Nonferrous metals __
108.5
105.3
107.1
113.6
116 7
110 6
115. 1
125 0
117.4
112.0
116.7
122.7
117.7
112.8
117.4
122.0
116.8
112.8
116.5
119.4
116.2
112.7
116.5
116.7
116.5
113.6
117.6
115. 4
116.4
114.1
118.0
114 2
116.5
114.5
118.2
113 7
117.8
114. 7
118. t
117.2
118.5
115.1
120.1
117.2
118 5
115 2
120.3
116 4
119 4
115.9
121.9
116 9
121 1
116.8
125.3
117 1
191 i
116 7
125 6
116 5
121 0
116 3
125 5
116 3
108.1
119 0
120 9
121.6
121.8
122 2
123 3
124 2
124 2
124 1
114. J
119.6
101.2
109. 9
114.2
108.7
107.5
114.5
120 1
104 0
110.2
114 3
108 7
107 5
114.5
121 5
112 7
110.5
114 6
109 7
111 2
114.9
122 8
114 3
110.6
114 7
109 8
111 4
114.9
122 6
114 5
110.6
114 7
109 7
110 8
114.9
122 6
113 6
110.6
114 7
109 5
110 8
109 2
113.3
111 9
101 9
(i)
92 6
109
113
119
103
(i)
92
7
109 7
113 8
119 2
103 1
(i)
92 5
109 6
113 8
122 2
102 5
(i)
92 4
109.6
113 8
113 0
112 6
116 8
110.7
115 2
113 0
112 6
116 8
$0 874
816
do
do
_ . _ d o __
do
no. 6
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 plastics products §
do . .
Tires and tubes.. _
do
113 3
113.8
114.2
114.6
115.1
118.8
106.0
106.5
103.5
104.2
106.0
105.4
102.3
109.8
112 2
100 0
108.2
111 0
108 6
109.0
110.5
113.6
96.5
108.3
111.5
109.4
112.0
110.7
113.7
97.1
108.9
111.9
109.5
112.0
110. 9
113.9
96.0
108.7
112.1
109.1
112.0
111.3
114.5
95.1
108.5
112.1
109.4
112.0
111.4
117.1
97.0
109.0
112.6
108.4
107.5
112.7
117 6
97.9
109.3
112 7
109.1
107.5
113.6
118 5
98.9
109.3
113 1
109.1
107.5
114.5
119.4
101.0
109.6
114.3
109.0
107.5
Textile products and apparel 9 - Apparel.-. _
Cotton products
Manmade fiber textile products
Silk yarns
_ _ . .. ..
Wool products
105.9
107.2
104.5
106.6
98.7
101.3
107.2
111.0
105 6
102.1
114.3
99 4
107.5
112.0
105.7
100.7
112.3
98.7
107.3
112.3
106.0
99.1
112.4
97.7
107.1
112.4
106.2
98.0
110.5
97.7
106.7
111.9
106.9
97.5
111.2
96.8
106.9
112.3
107. 1
97.2
(0
96. 2
106.7
112.0
107.5
97.4
(i)
95 4
106.9
112.2
107 8
97.6
(i)
94 5
107.5
112.2
108.9
98.6
(i)
94.4
107 8
112.2
109.6
99.7
93.5
108 5
112.3
110 9
101 4
(i)
93 4
100.7
104.7
104.9
105.2
107.0
104.5
108.5
109. 9
109.4
114.0
103.6
107.3
111.5
110.1
117.0
108.2
112.5
111.6
110.6
117.0
108.5
112.8
111.8
110.4
117.0
108.9
113.4
111.9
110.5
117.0
109. 5
113. 9
112.3
111.7
116.8
109.7
114 1
112.6
112 3
116.9
109.5
113.8
112.8
113 1
116.9
109.7
114. 1
112.7
112.5
116.5
109.8
114.2
112.5
112 4
116.5
110.0
114 4
112 6
112 6
116 5
110.3
114 7
112 8
116 6
110.5
114 9
113 0
112 6
116 8
$0. 939
.911
$0. 906
.860
$0. 901
.851
$0. 901
.847
$0. 902
.844
$0. 901
.840
$0. 894
.839
$0. 887
.838
$0 885
.835
$0. 883
.832
$0. 879
.828
$0. 875
.823
$0. 873
.821
$0. 870
.818
$0 873
.817
' 9, 267 ' 9, 862 '10, 137 '10, 476
10, 369
do
do
do
do
...do- _
do
Transportation equipment 9 ...Dec. 1968=100-.
Motor vehicles and equip.
1967=100
Miscellaneous products 9 ... __ ._ __ _do_ —
Toys, sporting goods, etc
do
Tobacco products .
do
0)
119 6
7
6
5
1
PURCHASING POWER OF THE DOLLAR
As measured by —
Wholesale pricest
Consumer pricest-- — -
1967=$!. 00
do
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE 1
New construction (unadjusted), total \
Private, total 9
Residential (including farm)
New housing units.. _ _
mil. $.. r 93, 347
do
. do
Nonresidential buildings, except farm and i iblic utilities, total 9
mil. $
Industrial.. _ _ _
do
Commercial...
do
Public utilities:
Telephone and telegraph
do
Public, total 9
_
Buildings (excluding military) 9
Housing and redevelopment
Industrial
. . _ . .
Military facilities
Highways and streets
__
do
do
do...
do
do
do
New construction (seasonally adjusted at annual
rates), total \ __
bil $
Private, total 9
do
Residential (including farm)
Nonresidential buildings, except farm and public utilities, total 9-bil. $
Industrial..
.__
do
Commercial
_
do
Public utilities:
Telephone and telegraph
do
Public, total 9
Buildings (excluding military) 9
Housing and redevelopment
Industrial
Military facilities .__
Highways and streets
' 94, 265
8,744
8,642
8,558
8,013 ' 6, 987 ' 6, 783 ' 7, 535 ' 8, 450
65 384 T 66 147
' 33, 200 T 31,748
r 25, 941 ' 24, 156
6 058
2, 897
2,253
6 129
2,957
2,279
6 023
2,935
2,280
5 831 r 5 052 ' 4 769 ' 5 367 r 6 061 r Q 607 r 7 102 ' 7 354 ' 7 627 7 554
2 849 ' 2 474 ' 2 300 r 2 618 ' 3 111' 3 561' 3 893 r 4 H5 ' 4 281 4 222
2 232
' 3 243 ' 3 366 3 400
1,929
* 21,417
' 6, 538
590
r
9, 754
887
1,920
588
882
1,822
553
843
1,781 ' 1, 593 ' 1, 530 ' 1, 667 ' 1, 833 ' 1,842
536
827
r
' 21, 155
r 6, 783
r 9, 401
2,172
r 27 963
r
2, 952
276
281
285
282
28, 118
2 686
2 513
2 535
2 182
11, 226
1,047
••518
10, 657
r
1, 107
* 500
••879
••9 252
'719
' 9, 986
r
r
923
93
47
r
817
'49
45
r
72
1 061
T
71
982
207
267
278
254
r 2 168
r 2 389
r 2 660
' 989
' 107
36
900
141
50
831
88
44
859
92
37
843
98
42
948
106
51
1 Oil
97
56
' 67
849
' 61
' 685
66
555
56
604
61
711
63
780
73
957
' 102 3 r 103 0
r 105 g
' 94 2
r
96 4
r (Jg 3
102 6
r 100 6
'66.4
'67.8
' 69.2
'70.7
'70.6
r
31. 2
'32.9
'34.1
r
21.0
'6.4
'9.5
r
20.7
'6.4
'9.3
r
109 5
' 110 9 r
H3 0
48
79
111 9
82.7
r 42 6
43 6
r 44 8
45 6
' 20 6 ' 21 4 ' 21 8 ' 21 4 r 21 9
' 6 3 '6 1
'9.3 ' 10.0
' 22 7 r 22 1
r 93 1
' 10.2
' 6
5
T 7
' HX5
' 11.5 ' 12 2
' 1 1
18
6
' 5
7
T 7
' 9.' 8
ii!s
r 10.1
87
75
82
1 118 ' 1 092 1 065
2 815
' 39 5 r 41 4
r
' r 10.2
10
T
6
7
107 5
1 046
82
' 54
' 35 1 ' 35 6 ' 36 5 r 37 7
'3.0
do _
do
do
do
do
r
955
81
33
'83.1
' 28 6
3 2
29 0
31
r
31 9
'76.1
966
104
60
'81.4
27. 8
r
' 73.0
259
r 9 849
279
' 80.2
'3. 2
do
'70.7
230
' 2 760 r 9 7»^
'77.7
' Revised.
v Preliminary.
i Series discontinued.
cfSee corresponding note on p. S-8.
iSee corresponding note on p. S-8.
9 Includes
data for items not shown separately,
§Beginning Jan, 1970, retitled to read "rubber and
plastics products" to cover the direct pricing of plastic construction products; continuity of
the group index is not affected.
1 Data have been revised to reflect the incorporation of
new basic data, the change in estimating procedures, the modification of the type of construc-
448-091 O - 71 - S - 2
187
' 1 935r 2 014
2,034
' 1, 951 ' 2 022 ' 2, 071
r 465
' 423
413
r 1 087 ' 1 160 1 091
' 23 4
23 6
'49
'54
' 12 7 ' 13.1
r
2 9
32
34
30
30
9 7
30
' 30 0 '31 6
r 30 1
29 6
' 99 7
29 3
29 5
' 29 8
10 4
q
5
9
1L6
11 1
11 6
1?
6
9
10.2
10 5
12
g
8
1L2
11 1
1i
5
10
9.9
12 3
1i
2 9
11 4
12
5
10
10.' 9
11 3
13
5
()
12.4
1 *>
Q
8
io!i
r
r 5
()
22 1
4 5
11.7
99 2
6
8
9.' 3
tion classifications for private nonresidential buildings, the inclusion of farm housing in new
private housing units, and the introduction of the results of a survey covering private nonresidential building construction in the 13 Western States. More detailed information may be
obtained from the Bureau of Census Report C30-70S, available from the Superintendent of
Documents (Washington, D.C. 20402).
SURVEY OF CURRENT BUSINESS
S-10
1969
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
|
1970
November 1971
1970
Annual
Sept.
Oct.
1971
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION CONTRACTS
Construction contracts in 50 States (F. W. Dodge
Division, McGraw-Hill): 0
Valuation total
mil $
Index (mo. data seas. adj.)c?
67, 097
5, 396
5,508
5,181
5,017
4,383
4,993
6,386
7,743
7,555
8,077
7,670
7,712
i 124
i 123
118
115
130
132
117
126
142
161
141
147
151
153
156
mil. $
do
22, 687
44, 759
23, 188
43, 909
' 1, 881
3,390
3,283
1,464
2,919
1,578
3,415
1,722
3,604
1,790
1,734
'3,515
1,903
4,664
2,074
5,669
2,065
2,795
5,489 ' 5, 282
2,683
4,987
2,299
2,010
5,413
4,804
__do
do
do _
25, 641
25, 261
16, 545
24, 180
24, 428
18, 489
r
r
r
1, 930
2, 177
1, 289
1,889
2,319
1,299
1,715
1,961
1,504
1,716
2,062
1,654
1,818
1,521
2,199
2,729
2,080
2,264
2,621
2,246
1,458
2,495
3,310
1, 981
2,120
1, 239
1,711
1,631
1,041
do
57, 164
66, 937
4,303
7,555
7,013
6,023
4,682
5,481
5,245
4,580
5,502
1,499.6
1, 096. 5
1, 466. 8
810.6
1, 467. 0
1, 033. 2
1, 433. 6
812.9
133.4
89.2
130.9
76.0
143. 8
99.7
140.9
79.4
128.3
91.0
126. 9
67.4
123.9
89. 5
121.4
69.0
114.8
85.9
110.6
54.9
104.6
77.5
102.2
58.3
169.3
123.6
167.9
91.6
203.6
203.5
147.3
201.1
116.0
1,509
881
1,583
890
1,693
934
2,054
1,240
1,725
946
1,754
985
1,959
1,048
1967=100..
Public ownership
Private ownership
By type of building:
Nonresidential.
Residential
Non-building construction
New construction planning
(Engineering News-Record) O
r
67, 446
3,168
2,800
3,485
3,357
1,691
3,255
2,337
2,837
4,725
3,828
144.3
198.5
115. 6
196.8
137.3
193.8
116.9
197.0
' 146. 5
194.3
107.7
1,912
1,098
1,975
1, 124
2,000
2,229
1,792
6,814
3, 196
1, 372
4,749
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total (private and public)
Inside SMSA's
Privately owned
One-family structures
- thous
_. do .
do._
do
Seasonally adjusted at annual rates:
Total privately owned
One-family structures
do
do
New private housing units authorized by building
permits (13,000 permit-issuing places) :}
Monthly data are seas. adj. at annual rates:
Total
thous
One-family structures
do
Manufacturers' shipments of mobile homes:*
Unadjusted
do
Seasonally adjusted at annual rates
do
r
,m
' 205. 9 '171.3
'151.3 '121.7
' 204. 5
' 169. 5
' 101.2
'111.7
r
2, 258 ' 1, 948
1,187
'1,212
2,006
' 1, 175
2,050
1,152
-1,900
'865
2,215
989
1,322
625
1,341
642
1,388
679
' 1, 558
697
1,487
' 705
1,768
876
1,635
806
1,563
760
1,627
796
1,638
833
1,927
921
1,849
914
2,052
412.7
401.2
41.4
431
40.8
427
30.5
421
27.0
401
24.5
395
28.4
404
35.6
419
42.8
478
40.9
473
47.3
490
45.2
531
49.5
529 :
53.5
557
134
134
960
908
184.0
134.8
182.0
102.5
CONSTRUCTION COST INDEXES
Dept. of Commerce composited1
1967=100..
114
122
123
124
125
125
125
125
127
129
130
131
133
American Appraisal Co., The:
Average, 30 cities
Atlanta
New York
San Francisco
St. Louis
1913 = 100
do
do
do
do
,050
,158
,116
,054
,021
1,132
1,254
1,202
1,088
1,116
1,158
1,268
1,229
1,110
1,140
1,167
1,268
1,229
1,111
1,140
1,177
1,323
1,233
1,126
1,147
1,185
1, 323
1,233
1,128
1,147
1,190
1,323
1, 291
1,138
1,153
1,194
1,364
1,291
1,142
1,153
1,211
1, 393
1,305
1,163
1,168
1,218
1, 393
1,305
1,168
1,168
1,241
1,394
1,310
1,168
1,236
1,257
1,394
1,312
1,168
1,236
1,286
150
166
172
176
179
181
183
184
184
186
188
193
197
198
do
151.8
149.1
148.0
162.7
160.3
155.9
167.7
165.2
159.3
168.1
165.3
159.6
169.2
166.5
160.6
169.9
167.2
160.7
170.9
167.8
161.0
171.2
167.9
161.3
172.5
169. 6
163.6
174.2
169. 8
165. 2
173.5
171.5
165.2
174.2
171.9
166.0
178.5
176.1
172.8
179.3
177.2
173.5
181. 1
179.8
175.1
1967 = 100
... do _.
117.7
118-7
124.4
128.9
127.6
132.9
128.4
133.9
129.0
135.0
128.9
135.0
130.2
136.9
130.6
137.0
134.4
139. 6
136.2
141.2
138.8
144. 2
140.6
147.2
141.9
148.3
143.4
150.9
147.4
153.2
2 147. 2
2 153. 5
Federal Highway A dm.— Highway construction:
Composite (avg. for year or qtr.) <?_ _ . 1967=100._ _
111.8
125.6
134.0
31.4
383
21.0
228
32.2
359
20.0
220
29.9
344
21.7
252
27.5
359
18.1
233
983. 62 1, 117. 40 862. 75
563. 32 578. 34 696. 10
821. 04
520.25
Associated General Contractors of America, Inc.,
The (building only)
1957-59=100..
Boeckh indexes:
Average, 20 cities:
Apartments, hotels, office buildings._-1957-59=100. .
Residences
Engineering News-Record: cf
Building
Construction „
. ___
133.4
124 1
130 2
i
CONSTRUCTION MATERIALS
Output index: J
o o ]] 7 ~t-
| A
~~
—
Iron and steel products, unadjusted
A
do
'
166.2
172 9
166.0
173.0
153.0
146.8
154. 2
168.0
170.3
228.2
166.3
176.7
234.1
141.5
152.7
178.6
152.5
153.0
158.2
145.7
156.1
103.4
146.2
169.4
116.1
183.4
198. 3
169. 3
194.7
195.4
216.5
' 192. 3
176.0
225. 9
199.1
191.1
264.1
167.8
164.5
204.2
166.4
161.8
194.3
184.9
299.1
138.2
143.7
28.9
337
12.0
139
27.6
326
14.3
168
23.4
345
11.1
157
33.4
474
10.4
149
24.1
371
12.0
190
27.3
350
12.5
174
36.6
336
17.9
183
35.1
347
19.9
210
32.4
374
19.0
218
35.3
370
23.5
257
7, 120. 63 8, 113. 73
4, 073. 86 3, 442. 90
788. 61
325. 77
867. 76
340. 56
769. 79
318.97
751. 18
317. 70
771. 56
298. 85
734. 61
299. 69
849. 48
307. 20
759. 52
351. 49
793. 73
417. 95
951. 62
523. 36
REAL ESTATE
Mortgage applications for new home construction:
FHA net applications!
thous. units
Seasonally adjusted annual ratesj
do
Requests for V A appraisals __
do. _
Seasonally adjusted annual rates!
do
Home mortgages insured or guaranteed by —
Fed. Hous. Adm.: Face amount
mil. $
Vet. Adm.: Face amount §
do
Federal Home Loan Banks, outstanding advances
to member institutions, end of period
mil. $_.
9,289
10,615
10, 524
10, 539
10, 524
10, 615
10, 326
9,926
9.690
8,269
7,268
7,241
7,338
21, 847
21, 387
2,183
2,127
1,972
2,474
1,667
1,887
2,795
3,168
3,438
4,301
4,151
4,111
3,626
4,757
11, 244
5,836
4,150
10, 239
6,998
388
1,100
695
406
1,032
689
355
919
698
416
968
1,090
307
752
608
346
818
723
521
1,143
1,131
597
1,306
1,265
620
1,451
1,367
718
2,109
1,474
686
2,087
1,378
641
2, 225
1,245
616
1,942
1,058
number. . 95, 856
101, 070
8,431
8,809
8,353
9,069
8,975
8,774
10, 351
mil. $_ . 1, 952. 02 2, 263. 92
176. 27
185. 67
158. 49
224. 02
200. 66
202. 26
221. 54
194. 02
195. 50
189. 44
175. 36
186. 60
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
Foreclosures f _
Fire losses (on bldgs. , contents, etc.)
T
l
?
Revised.
p Preliminary.
Computed from cumulative valuation total.
Index as
o f November 1,1971: Building. 147.4; construction, 153.6.
O Data for Oct. and Dec. 1970 and
Apr., July, and Sept. 1971 are for 5 weeks; other months, 4 weeks.
*New series. Data from
Mobile Home Manufacturers' Association; seasonally adjusted annual rates calculated by Bu.
of the Census.
©Data for all periods shown here are on a 50-State basis.
cTNew Base;
comparable data for earlier periods will be shown later.
J Revisions for Jan. 1967-Oct. 1970
for permits, for 1961-68 for FHA applications, and for 1961-Feb. 1969 for requests for VA
appraisals (seas. adj. annual rates) will be shown later. Revisions for 1964-68 for construction
materials output indexes appear in the Dec. 1969 issue of Construction Review (BDC).
f Revised series.
9 Includes data for items not shown separately. §Data include guaranteed direct loans sold.
SURVEY OF CURRENT BUSINESS
November 1971
ta
Unless otherwise stated in footnotes below, data
n
through 1968 and descriptive notes are as shown
S
in the 1969 edition of BUSINESS STATISTICS
1969
1970
1971
1970
Sept.
Annual
S-ll
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
DOMESTIC TRADE
ADVERTISING
Marketing/Communications
seasonally adjusted :f
Combined indexf
advertising
index,
199
249
318
165
127
190
230
313
163
117
199
245
319
163
133
201
252
325
156
137
197
229
335
165
128
188
213
284
172
132
190
217
286
177
130
190
221
290
170
131
198
237
290
168
145
202
241
309
179
134
210
266
322
175
136
208
242
325
182
142
Magazine advertising (general and natl. farm maga/ines):
Cost total
*n\\. $._ 1,245.3
60.6
Aooarel and accessories
do
114.4
Automotive incl accessories
do
26.5
Building materials
do
158.7
Drugs and toiletries
do
101.5
Foods soft drinks confectionery
do
1,192.7
50.8
96.5
21.0
156.6
99.5
102.6
7.8
7.1
2.0
13.4
6.5
123.7
5.9
11.4
2.3
14.9
10.5
120.6
4.3
8.5
1.6
14.4
11.2
95.9
2.8
5.1
1.0
12.3
9.2
69.8
1.9
6.4
.6
9.4
4.3
92.8
3.2
9.3
1.1
12.9
9.0
109.7
4.7
11.6
1.7
14.0
9.1
115.8
5.8
11.7
2.4
14.2
8.6
128.2
4.2
12.9
2.8
15.3
9.7
104.2
2.2
9.7
1.6
14.6
9.2
77.5
1.5
6.7
.9
11.1
8.2
76.8
3.9
5.0
1.1
11.3
6.3
109.9
6.8
7.7
2.1
13.9
8.5
101.8
76.5
60.0
15.7
48.2
481.4
98.1
71.2
43.9
16.3
64.7
474.0
7.0
6.6
3.9
1.2
6.2
40.9
9.9
9.2
4.0
1.8
6.5
47.3
11.7
8.2
3.4
1.7
6.4
49.3
15.1
4.8
2.3
1.1
6.6
35.6
2.6
2.4
2.4
.9
8.1
30.8
3. 6
3.2
2.2
1.3
9.8
37.2
5.7
5.8
2.6
1.9
10.0
42.5
7.2
7.3
2.9
1.6
10.3
43.9
8.8
8.2
3.5
2.0
11.5
49.3
8.9
4.8
3.1
1.4
10.8
37.8
5.5
3.6
2.0
1.5
9.5
26.9
4.5
2.7
2.4
1.3
9.6
28.8
6.4
5.7
3.2
1.7
9.5
44.3
227.7
6.7
55.4
10.2
31.9
123.5
220.2
6.8
52.3
6. 3
33.1
121.7
1957-59=100
C5r»nt nn\7
do
Beer wine liouors
do
Household'equip., supplies, furnishings., do
Industrial materials
-do
Soaps cleansers etc
do
Smokinsf materials
do
All other
- do
Newspaper advertising expenditures (64 cities) : 0
r
Tr»tftl*
TTlil $
r^loecifiorl
do
taenerai —
--
-- --
WHOLESALE TRADE
Merchant wholesalers sales (unadj.), total, mil. $.. 236, 708
109, 578
Durable goods establishments
do
127, 130
Nondurable goods establishments
do
Merchant wholesalers inventories, book value,
end of year or month (unadj.), total
mil. $._
Durable goods establishments
do
Nondurable goods establish in ents
do
24,365
14, 376
9,989
246, 643
111, 778
134, 865
21,410
9,794
11,616
21,757
9,863
11,894
20, 704
9,121
11, 583
21,404
9,095
12,308
19,181
8,271
10,910
19,200
8,502
10,698
22, 507
10, 085
12, 422
22,002
10,201
11,801
22, 053
10, 261
11,792
23, 684
11, 233
12, 451
22, 367 ' 23,148
10, 384 ' 10,788
11, 983 ' 12,361
23, 332
10, 804
12, 528
26, 622
15,318
11,304
25, 579
15, 197
10, 382
26,272
15,328
10,944
26, 627
15, 322
11, 305
26,622
15,318
11,304
26, 716
15, 432
11, 284
26,755
15,671
11,083
26, 873
15,814
11,060
27,099
16,215
10,884
27, 114
16, 265
10, 848
27,306
16, 418
10, 888
27, 606 ' 27,584
16, 686 ' 16,645
10, 921 ' 10,939
27, 713
16, 679
11,034
RETAIL TRADE |
All retail stores:t
Fstimated sale* (unadj ) total 1
Durable goods stores 9
Automotive group
Passenger car, other auto, dealers
Tire battery accessory dealers
mil $
do
do
do
do
375, 527 '30,856 '32,898 '31,193 '38,724 '28,865 '27,932 '32,105 '33,965 '34,199 ' 35,033 '34,560
114, 288
8,454
8,794 10, 705 11, 175 11, 174 12, 056 11, 299
8,653
9,822
9,987
9,528
64, 966
5,054
7,401
6,944
6,841
6,799
4,584
5,445
4,473
6, 743
5,497
5,205
59, 388
6,785
4.646
6,217
4,034
5,043
6,394
6,287
5,011
3,970
6,256
4,743
5,578
554
616
408
582
503
550
402
550
486
487
462
33, 840
10, 923
6,353
5,806
547
34, 037
11,377
6,751
6,241
510
Furniture and appliance group 9
Furniture, home furnish ings stores
Household appliance TV radio
do
do
do
17, 778
10, 483
6,073
1,469
848
525
1,555
914
542
1,556
934
523
1,948
1,066
720
1,345
795
451
1,299
762
442
1,467
889
469
1,420
853
471
1,442
869
484
1,555
923
537
1,521
930
496
1,527
941
488
1,518
889
510
Lumber, building, hardware group
Lumber, bldg. materials dealerscf
Hardware stores
Nondurable goods stores 9
Apparel group
do
do
do
do
do
15, 346
11,995
3,351
261, 239
19,810
4,630
7,582
3,501
1,422
1,136
286
21, 328
1,602
352
636
320
1,451
1,152
299
22, 911
1,741
382
708
299
1,299
1,024
275
22, 540
1,757
411
693
291
1,344
967
377
28, 902
2,824
737
1,058
408
1,007
803
204
20, 411
1,423
347
532
253
997
789
208
19, 138
1,240
276
492
218
1,216
980
236
21, 400
1,502
312
601
275
1,415
1,119
296
22, 790
1,767
382
688
341
1,481
1,152
329
23, 025
1,679
388
667
291
1,638
1,286
352
22, 977
1,673
405
654
280
1,625
1,283
342
23, 261
1,570
346
625
266
1,653
1,344
309
22, 917
1,637
349
635
295
1,598
1,295
303
22,660
1,687
357
664
321
13, 428
29, 689
86, 114
79, 756
27, 994
1,118
2,586
7,189
6,635
2,283
1,159
2,604
7,582
7,034
2,416
1,099
2,388
7,039
6,521
2,367
1,550
2,447
8,069
7,461
2,436
1,121
2,293
7,261
6,764
2,238
1,077
2,175
6,712
6,219
2,075
1,117
2,416
7,149
6,632
2,301
1,109
2,482
7,469
6,925
2,338
1,132
2,705
7,548
6,996
2,435
1,109
2, 752
7,445
6,881
2,512
1,108
2,829
7,970
7,408
2,633
1,134
2,889
7,284
6,748
2,626
1,115
2,625
7,340
6,804
2,467
61, 320
4,906
5,491
5,954
9,104
4,076
3,990
4,880
5,367
5,319
5,452
5,271
5,569
5,598
55,812
37, 295
3,853
6,959
7,942
4,418
2,905
310
563
605
4,951
3,275
359
602
675
4,778
4,993
3,690
4,915
5,404
4,853
3,563
4,386
8,595
3,205
2,482
3,398
3,317
3,270
2,343
2,916
3,575
5,810
214
292
324
294
317
254
448
351
499
537
551
419
634
570
1,184
572
432
499
779
650
731
594
650
668
712
686
937
'31,282 '31,761 '32,290 '32,850 '33,274 '33,578 '33,502 '33,827 '33,688
8,858
9,185 10,003 10, 240 10, 613 10, 747 10, 576 10, 782 10, 747
6,431
6,409
6,463
6,319
4, 679
5,755
6,093
4,967
6,337
5,910
5,244
5,794
5,869
4,183
5,548
5,803
5,937
4,512
540
521
534
496
511
545
526
525
455
5,085
3,371
369
549
712
5,059
3,421
357
534
708
34, 655
35, 155
11,298
6,830
6,284
546
11, 793
7,357
6,813
544
1,542
936
509
1,491
894
480
Women's apparel, accessory stores... do
Shoe stores
do
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores
Gasoline service stations
do
do
do
do
do
General merchandise group with nonstores 9
mil $
General merchandise group without nonstores 9 §
mil $
Department stores
do
Mail order housps (dept store mdse) do
Variety stores
do
Liouor stores
do
Estimated sales (seas adj ) total f
do
Durable goods stores 9
do
Automotive group
do
Passenger car other auto dealers
do
Tire, battery, accessory dealers
do
'31,951 '31,621
9,418
9,872
5,189
5,679
5,184
4,723
466
495
1,504
899
503
1,505
867
530
1,541
894
542
1,518
926
480
Furniture and appliance group 9
Furniture, homefurnishings stores
Household appliance TV radio
do
do
do
1,462
863
504
1,489
875
517
1,482
892
503
1,479
883
496
Lumber, building, hardware group
Lumber, bldg materials dealerscf
Hardware stores
do
do
do
1,328
1,036
292
1,314
1,028
286
1,333
1,056
277
1,477
1,493
1,438
1,446
1,391
1,316
1,371
1,351
1,186
1,171
1,135
1,122
1,090
1,085
1,025
1,062
306
307
324
303
301
286
291
289
expenditures in 64 cities instead of linage in 52 cities as formerly published.
t Revised to
reflect new sample design, improved techniques, and new information from the 1967 Census
of Business; revisions for periods prior to Sept. 1970 will be shown later (complete details
appear in the Census Bureau Monthly Retail Trade Report, Aug. .1971 issue).
9 Includes
data for items not shown separately.
cf Comprises lumber yards, building materials dealers, and paint, plumbing, and electrical
stores.
§ Except department stores mail order.
' Revised.
» Data are for Feb. 1970.
fRevised series; not comparable with previously published indexes. Revisions for Jan.Mar. 1970 are as follows: Combined index—196; 192; 197; television (network)—252; 238; 248;
spot TV—306; 301; 304; magazines—165; 166; 171; newspapers—122; 121; 122 (no comparable
data prior to Jan. 1970 are available).
0 Source: Media Records, Inc., 64-City Newspaper Advertising Trend Chart.
*New
series. Beginning Jan. 1971 the series was revised to reflect trends in newspaper advertising
1,352
1,079
273
1,388
1,111
277
1,502
882
518
1,569
930
529
1,533
886
532
SURVEY OF CURRENT BUSINESS
S-12
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1969
1970
November 1971
1970
1971
I
Sept.
Annual
Nov.
Oct.
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
July
Aug.
Sept.
22 941
1 729
389
694
285
23, 357
1,749
409
686
294
23, 362
1,695
388
667
289
1 126
2 567
7 411
6,878
2 433
1 169
2 614
7,478
6,950
2 511
1, 168
2,549
7,505
6,978
2 515
Oct.
DOMESTIC TRADE—Continued
RETAIL TRADEj— Continued
All retail storesf— Continued
Estimated sales (seas, adj.)— Continued
Nondurable goods stores 9
__ .mil. $,_
Apparel group
- -- do
Men's and boys' wear stores
__do
Women's apparel, accessory stores _ _ d o
Shoe stores
__do
Drug and proprietary stores
Eating and drinking places _
Food group -Grocery stores
Gasoline service stations
r
__ - _ d o
. do
__do
do
do
General merchandise group with nonstores 9
..mil. $.
General merchandise group without nonstores 9 §
mil. $
Department stores.
do
Mail order houses (dept. store mdse.)do___
Variety stores.- _.
do
Liquor stores
do
Estimated inventories, end of year or month: t
Book value (unadjusted), total t_._ ._ mil. $_
Durable goods stores 9
- - do _
Automotive group
do
Furniture and appliance group
do
Lumber, building, hardware group, -do
43 535
22 079
1 612
386
640
290
r
22 203
1 661
377
657
291
r
22 424
1 683
378
661
297
1 168
2 516
7,427
6,876
2 322
1 166
2 521
7 228
6 693
2 383
5 152
5 305
5 327
4 644
3,071
320
602
648
4 797
3 186
327
604
672
4 780
3 167
320
602
681
1 157
2 522
7 390
6 850
2 410
r
22 576
1 681
385
640
305
r
22 287
1 689
378
646
303
r
22 610
1 707
384
660
303
r
22 661
1 709
391
666
292
r
22 831 '22 926 '23 045
1 755
1 750
1 712
395
405
413
696
665
690
283
297
297
r
1 145
2 528
7 271
6,730
2 343
1 171
2 535
7 387
6 834
2 361
5 249
5 330
5 471
5 501
5 526
5 546
5 654
5 653
5 757
5 848
4 854
3 230
311
606
646
4 906
3,287
318
591
696
4 982
3 342
325
592
708
4 987
3 336
340
594
718
5 076
3,427
342
577
714
5 092
3,413
345
596
718
5 194
3,503
358
584
754
5 150
3,472
354
571
734
5 251
3 511
384
577
741
5 290
3, 593
368
568
755
1 161
2 525
7 553
7 006
2 443
1 158
2 565
7 372
6 837
2 353
1 147
2 538
7 431
6, 891
2 343
1 139
2 584
7 492
6,947
2 362
1 136
2 574
7,418
6,867
2 390
19 527
q 424
3 122
2,546
43 543
18 353
8 204
2 938
2^591
44, 659
18 665
8 546
3 022
2,534
45 347
18 227
7 965
3 100
2,526
46 216
18 124
7 697
3 129
2,544
43 543
18 353
8 204
2 938
2, 591
43 570
18 901
8 831
2 879
2,623
44 924
19 857
9 663
2 922
2^681
47, 091
20 920
10 519
2 977
2,799
47, 759
21 284
10 783
3 039
2,795
47 795
21 587
11 079
3 020
2,824
47, 514
21 534
11 193
2 998
2,786
47 226
21 139
10 867
2 967
2,744
46 622
19 983
9 710
2* 992
2,667
48, 102
20 604
10 294
3 027
2,666
Nondurable goods stores 9
do
Apparel group
- do. _
Food group
do
General merchandise group with nonstores
mil. $
Department stores
_
_ __do
24 008
4 426
4 691
25 190
4 470
4 887
25 994
4 853
4 670
27 120
4 945
4 850
28 099
5 149
5 055
25 190
4 470
4 887
24 669
4 301
4 796
25 067
4 4n
4 784
26 171
4 689
4 955
26 475
4 713
5 003
26 208
4 629
5 024
25 980
4 568
5 064
22 087
4 605
5 081
26 639
4* 838
5 048
27 498
"> 015
5 112
9 186
5 348
9 864
5' 652
10 806
6*276
11 505
6 689
11 839
6 916
9 864
5 652
9 813
5 628
10 089
5 743
10 567
6 097
10 800
6 208
10 782
6 199
10 628
6 063
10 683
6 102
10 927
6*236
11 534
6 666
Book value (seas, adj.), total t
- do. _
Durable goods stores 9
do
Automotive group
do
Furniture and appliance group
do
Lumber, building, hardware group.. _do___
44 693
19, 980
9 558
3' 199
2 627
44 918
19, 040
8 563
3 020
2,674
45 691
20, 270
10 114
3 004
2 575
44 883
19, 291
9 113
3 024
2,564
44 507
18, 542
8 320
2 980
2,549
44 918
19, 040
8 563
3' 020
2,674
44 984
18, 987
8 683
2 974
2^674
45 432
19, 480
9 159
2 991
2,716
46 416
20, 131
9 803
2 998
2,755
46 728
20, 232
9 911
3' 003
2,706
47 146
20, 716
10 296
3 017
2,758
47 383
20, 815
10 510
9 995
2,753
47 500
20, 879
10 561
2*982
2,747
48 187
21, 450
11 198
3* 004
2 689
48 798
21, 983
11 658
3 091
2 682
Nondurable goods stores 9
do
Apparel group
do
Food group
_
_ _.do_ _
General merchandise group with nonstore^
mil. $
Department stores
do
24 643
4 606
4 672
25 878
4 656
4 868
25 421
4 583
4 712
25 592
4 579
4 746
25 965
4 720
4 879
25 878
4 656
4 868
25 997
4 695
4*840
25 952
4' 585
4*827
26 285
4 661
4 950
26 496
4 708
5 003
26 430
4 704
5 024
26 568
4 753
5* 095
26 621
4*747
5 153
26 737
4* 748
5* 135
96 815
4 722
5 158
9 777
5 677
10 508
6 013
10 369
6 017
10 394
5 988
10 544
6 056
10 508
6 013
10 621
6 164
10 681
6 116
10 726
6*146
10 867
6 252
10 912
6 287
10 948
6*309
10 892
6 246
in 0^1
6 255
U
Firms with 11 or more stores: f
Estimated sales (unadj.), total 9 . ...
fic7
6 385
do
Apparel group 9
_.
do
Men's and boys' wear stores
do
Women's apparel, accessory stores
do. __
Shoe stores..
__ _ _ _ _ _ d o
Drug and proprietary stores
do
Eating and drinking places ._ _
__do_ _
Furniture and appliance group
do
General merchandise group with nonstores 9
mil. $. _
General merchandise group without nonstores§
_ _ _ _ _ .. . mil. $ _ _
Dept. stores, excl. mail order sales
do
Variety stores. _ _ _ _ _ _
do_ __
Grocery stores
Tire, battery, accessory dealers
_ _do__do _ _ _
Estimated sales (seas, adj.), total 9
do _
Apparel group 9
do
Men's and boys' wear stores
do _,_
Women's apparel, accessory stores
_do _
Shoe stores
_
do
Drug and proprietary stores
_ do. _
Eating and drinking places
do
General merchandise group with nonstores 9
mil. $
General merchandise group without nonstores!
mil. $
Dept. stores, excl. mail order sales
do
Variety stores. _
do
Grocery stores..
Tire, battery, accessory dealers
do
do -
All retail stores, accounts receivable, end of yr. or mo.:
Total (unadjusted)
mil. $
Durable goods stores
do
Nondurable goods stores
do
Charge accounts. _ _ __
do
Installment accounts
do
Total (seasonally adjusted)
Durable goods stores _ _
Nondurable goods stores
Charge accounts
Installment accounts
.
do
do
do
do
_ do
r
Revised.
t(See note marked "t" on p. S-ll. J Series revised to reflect benchmarking to the levels of the 1968 and 1969 Annual Retail Trade Reports (Census Bureau), and
also recalculation of seas, factors for all lines of trade; description of revisions and revised data
back to 1961 appear on pp. 38rT. of the Oct. 1970 SURVEY. Retail inventories back to 1968 art
presently undergoing revision and will be shown in the Dec. 1971 SURVEY.
9 Includes
data not shown separately.
§ Except department stores mail order.
SURVEY OF CURRENT BUSINESS
November 1971
1969
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1970
Annual
8-13
1971
1970
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct. p
LABOR FORCE, EMPLOYMENT, AND EARNINGS
POPULATION OF THE UNITED STATES
Total, incl. armed forces overseas f . _ _
mil__
1
202. 60 i 204. 80
205.21
205.43
205.63
205.82
206. 02
206. 18
206. 34
206. 51
206. 68
206. 84
207. 01
207. 18
207. 37
207. 56
84, 239
80, 733
77, 902
74, 296
3,606
2,831
85, 903
82, 715
78, 627
75, 165
3,462
4,088
85, 656
82, 547
78, 256
74, 730
3,525
4,292
86, 255
83, 175
78, 916
75, 522
3,394
4,259
86, 386
83, 347
78, 741
75, 515
3,226
4,607
86, 165
83, 152
78, 516
75, 564
2,952
4,636
85, 628
82, 652
77, 238
74, 361
2,877
5,414
85, 653
82, 703
77, 262
74, 415
2,846
5,442
85, 598
82, 668
77, 493
74, 452
3,042
5,175
85, 780
82, 898
78, 204
74, 699
3,505
4,694
85, 954
83, 104
78, 709
75,111
3,598
4,394
87, 784
84, 968
79, 478
75, 559
3,920
5,490
88, 808
86, Oil
80, 681
76, 710
3,971
5,330
88, 453
85, 678
80, 618
76, 853
3,764
5,061
86,884
84, 135
79, 295
75, 851
3,444
4,840
87, 352
84, 635
80, 065
76,595
3,470
4,570
375
662
82, 975
78 479
75, 043
3,436
4,496
788
83, 300
78 691
75, 398
3,293
4,609
754
83, 473
78 550
75, 197
3,353
4,923
880
83,609
78, 463
75, 055
3,408
5,146
1,084
83, 897
78, 864
75,451
3,413
5,033
1,079
83, 384
78, 537
75, 208
3, 329
4,847
1,069
83, 475
78, 475
75, 079
3,396
5,000
1,107
83, 783
78, 698
75, 140
3,558
5,085
1,071
84, 178
78, 961
75, 503
3,458
5,217
1,202
83, 132
78, 443
75, 149
3,294
4,689
1,173
83, 829
78, 941
75, 574
3,367
4,888
1,311
84, 312
79, 197
75, 782
3,415
5,115
1,305
84, 598
79, 525
76, 169
3,356
5,073
1,239
84, 783
79, 845
76, 476
3,369
4,938
1,231
3.5
4.9
3.5
4.8
15.3
2.6
8.2
4.5
2. 8
5.4
3.9
5.0
16.5
2.9
8.8
5.0
2.9
5.5
4.1
5.0
17.0
3.0
9.3
5.2
3.0
5.9
4.2
5.6
17.6
3.2
9.0
5.5
3.6
6.2
4.6
5,8
17.8
3.4
9.5
5.6
3.8
6.0
4.3
5.7
17.6
3.3
9.5
5.6
3.5
5.8
4.2
5.6
16.7
3.2
9.6
5.3
3.5
6.0
4.2
5.8
17.8
3.2
9.4
5.6
3.7
6.1
4.4
6.0
17.2
3.1
10.0
5.6
6.2
4.5
6.0
17.3
3.3
10.5
5.7
3.7
5.6
4.2
5.5
15.8
3.1
9.4
5.2
3.1
5.8
4.3
5.7
16.2
3.1
10.1
5.3
3.6
6.1
4.5
5.8
17.0
3.2
9.8
5.6
3.5
6.0
4.5
5.6
17.1
3.3
10.5
5.4
3.3
8n
5.8
4.3
5.5
17.0
3.0
10.7
5.3
3.4
6.4
11.2
7.2
7.2
6.1
11.0
6.8
7.1
6.4
10.9
6.9
7.3
6.3
9.6
7.0
7.5
6.5
11.2
6.9
7.2
6.0
10.4
6.5
6.9
6.1
9.6
6.6
6.5
6.2
10.2
6.9
6.8
6.2
10.0
7.0
7.1
6.0
10.3
6.3
6.7
LABOR FORCE
Labor force, persons 16 years of age and over.-thous..
Civilian labor force. __
_ _ _ _
do_. .
Employed, total
- __do
Nonagricultural employment- ..
do __
Agricultural employment
do
Unemployed (all civilian workers)
do
Seasonally Adjusted %
Civilian labor force! ...
do
Employed total
do
Nonagricultural employment
do
Agricultural employment
do
Unemployed (all civilian workers)
do
Long-term, 15 weeks and over _
do
Rates (unemployed in each group as percent
of total in the group) :t
All civilian workers
Men, 20 years and over
Women, 20 years and over
Both sexes, 16-19 years
Married men.
Negro and other races
White workers
Occupation: White-collar workers
Industry of last job (n on agricultural):
Private wage and salary workers
Construction
Manufacturing
Durable goods
_ ___
2.1
37
12.2
1.5
6.4
31
2.1
3. 9
3.5
60
33
3.0
5.2
9.7
5.6
5.7
5.8
12.7
6.1
6. 3
6.0
11.7
6.7
7.3
6.2
9.1
7.3
8.2
6.6
11.8
7.6
8.0
7 A.
7 A.
q oo
o.
7 9
EMPLOYMENT
Employees on payrolls of non agricultural estab.:^
Total, not adjusted for seasonal variation ..thous. Private sector (excl. gov't)
do
Seasonally Adjusted
Total.
thous
Private sector (excl. gov't)
do
Mining
.. ..
do
Contract construction. .
do
Manufacturing
do
Durable goods.
do
70, 284
58, 083
70, 616
58, 081
70, 841
58, 469
70, 604
57, 883
70, 562
57, 727
71,151
58, 266
69, 527
56, 728
69, 450
56, 541
69, 782
56,811
70, 309
57, 331
70, 738
57, 745
71,355
58, 422
70,452 r 70, 542 - 71, 234
58,114 - 58, 281 -58,503
71, 432
58, 381
70 284
58 083
619
3 435
20 167
11 895
70, 616
58, 081
622
3,345
19, 369
11, 198
70, 480
57, 942
620
3,274
19 235
11, 116
70, 082
57, 465
621
3,284
18, 669
10, 598
69, 985
57,314
624
3, 294
18, 517
10, 449
70, 313
57, 630
623
3,302
18, 796
10, 738
70, 454
57, 735
625
3,271
18, 747
10, 697
70, 391
57, 647
622
3, 198
18, 684
10, 642
70, 480
57, 688
622
3,264
18, 609
10, 571
70, 599
57, 768
623
3,282
18, 639
10, 598
70, 769
57, 911
622
3,275
18, 702
10, 651
70, 657
57, 819
619
3, 255
18, 608
10, 598
70,531
57,719
597
3,228
18,533
10,552
r 70, 529 - 70, 907
r 57, 686 -58,004
609
-614
r 3, 219 - 3, 244
- 18, 457 - 18, 619
'1 0,485 -10,598
70, 901
57,957
. 521
3,259
18, 631
10, 622
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
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
316
607
484
656
1,361
1,440
2,033
2,020
2 060
477
441
8 272
1 791
83
1 002
1,409
711
1,094
1,060
182
596
343
242
572
460
638
1,315
1,380
1, 977
1, 923
1,807
459
426
8,171
1,782
82
978
1,372
706
1,107
1,051
190
580
322
230
567
457
637
1,324
1,387
1,935
1,896
1,811
452
420
8, 119
1,767
79
970
1,364
702
1, 105
1,048
189
578
317
222
565
454
631
1,284
1,326
1,892
1,856
1,506
447
415
8,071
1,759
79
963
1,355
696
1,103
1,043
189
569
315
217
564
452
626
1,253
1,304
1,870
1,811
1, 497
442
413
8,068
1,766
80
960
1,358
697
1,101
1,037
190
567
312
212
560
450
627
1,260
1,333
1,854
1,816
1,773
438
415
8,058
1,763
79
961
1,360
695
1, 099
1,033
191
566
311
208
563
449
626
1,262
1,328
1,829
1,800
1,782
437
413
8,050
1,765
79
962
1,356
693
1, 099
1,030
192
564
310
200
565
449
624
1,260
1,328
1,810
1,792
1,771
432
411
8,042
1,764
79
959
1, 359
691
1,096
1,026
192
567
309
195
566
450
622
1,264
1, 298
1,796
1,787
1,753
429
411
8,038
1,760
77
958
1,368
689
1,092
1,021
191
574
308
194
567
452
628
1,270
1,333
1,784
1,789
1,745
426
410
8,041
1,753
79
958
1,374
690
1,088
1,021
190
577
311
196
570
457
633
1,272
1, 339
1,783
1,793
1,768
429
411
8,051
1,758
78
963
1,373
681
1,091
1,024
190
582
311
193
574
458
629
1, 259
1,333
1,769
1,783
1, 759
430
411
8,010
1,751
956
1,357
682
1,088
1,016
189
583
311
191
579
461
625
1,226
1,335
1,770
1,773
1,751
431
410
7,981
1,762
69
959
1,349
676
1,083
1 008
188
584
303
-190
590
465
-633
1,182
1,344
1,791
1,791
1,765
-435
-410
412
- 7, 972
8,021
r 1, 748 - 1, 763
70
-72
'959
-959
- 1, 351 - 1, 358
-692
'681
1,080 r 1, 082
1,004 - 1, 007
188
190
582
-592
-309
-306
189
593
470
635
1,193
1,338
1,796
1,788
1,774
435
411
8,009
1,747
69
961
1,362
689
1,084
1,005
189
595
308
4,429
14, 639
3,733
10, 906
3,564
11,229
12, 202
2 758
9, 444
4,504
14, 922
3, 824
11,098
3,690
11,630
12, 535
2,705
9, 830
4, 518
14, 931
3,826
11,105
3,698
11,666
12, 538
2,657
9,881
4,517
14, 946
3,833
11,113
3,706
11,722
12, 617
2,659
9, 958
4,506
14, 902
3,827
11,075
3,721
11,750
12,671
2, 664
10,007
4,450
14, 952
3,832
11, 120
3,731
11,776
12, 683
2,661
10, 022
4,507
15, 039
3,841
11, 198
3,746
11,800
12, 719
2,661
10, 058
4,526
15, 059
3,845
11,214
3,749
11, 809
12, 744
2,662
10, 082
4,520
15, 074
3,852
11, 222
3,758
11,841
12, 792
2,662
10, 130
4,505
15, 107
3,854
11, 253
3,769
11, 843
12, 831
2,667
10, 164
4,518
15, 148
3,866
11,282
3,788
11, 858
12, 858
2,667
10, 191
4,500
15, 135
3,837
11, 298
3,807
11, 895
12, 838
2,640
10, 198
4,476
15, 158
3,835
11 323
3,806
11 921
12, 812
2 643
10 169
r 4, 428 - 4, 456
- 15, 223 - 15, 266
^ 3, 844 - 3, 861
r 11, 379 - 11, 405
3,804 - 3, 819
-11,946 - 11, 986
r 12, 843 - 12, 903
2,650 - 2, 674
r 10, 193 - 10, 229
4,431
15, 271
3,883
11,388
3,826
12, 018
12, 944
2,677
10, 267
48, 105
14, 767
47, 950
14, 033
48, 347
14, 201
47, 777
13, 550
47,649
13, 374
48, 196
13, 617
46, 678
13, 400
46, 505
13, 378
46, 775
13, 345
47, 296
13,357
47, 708
13, 441
48, 322
13,611
47, 995 r 48, 180 - 48, 408
13,315 r 13, 524 - 13, 744
48, 295
13, 671
14, 767
8,651
182
526
402
526
1,087
1,108
1,382
14, 033
8,043
131
493
379
507
1,043
1,051
1,319
13, 963
8,016
124
487
377
506
1,055
1,061
1,288
13, 406
7,510
118
486
373
501
1,015
999
1,245
13, 279
7,384
114
485
373
496
984
981
1, 229
13, 577
7,686
111
480
370
497
992
1,011
1,217
13, 551
7, 665
108
483
370
496
997
1,007
1, 198
13, 507
7,625
102
486
369
494
997
1,006
1,183
13, 448
7 569
99
487
370
492
1,002
980
1,172
13, 502
7,612
97
488
372
498
1,008
1,014
1,163
13, 569
7,667
93
491
375
502
1,012
1,020
1,159
13, 498
7,627
95
495
378
499
996
1,013
1,152
13 440 -13,371 - 13, 525
7 594 - 7, 534 - 7, 636
94
93
93
-503
508
500
375
383
380
502
-497
496
-901
-925
965
1,016 - 1, 025
1,016
1,156 - 1, 159 - 1, 174
13, 515
7,649
92
512
387
505
938
1,018
1,178
Transportation, communication, electric, gas,
and sanitary services
. .thous
Wholesale and retail trade
do
Wholesale trade
do
Retail trade
. .
do
Finance, Insurance, and real estate
. do
Services
do
Government
.do
Federal. _.
do
State and local
-do
Production (or nonsupervisory) workers on private
nonagricultural payrolls, not seas, adj ^thous..
Total on manufacturing payrolls
do
Seasonally Adjusted
Total on manufacturing payrolls. . . . d o
Durable goods
do
Ordnance and accessories
.do
Lur> ber and wood products
do
Furniture and fixtures ....
do
Stone, clay, and glass products
do
Pr mary metal industries. .. . .. do ...
Fabricated metal products
do
Machinery, except electrical
do
l
- Revised.
*> Preliminary.
As of July 1.
fMonthly estimates have been adjusted to the 1970 Census; revisions prior to Dec. 1969
appear in Current Population Reports, Series P-25, No. 465, Estimates of the Population
of the United States and Components of Change: 1940 to 1971 (Bureau of the Census).
191
583
456
627
- 1, 156
1,331
1,775
1,772
- 1, 754
••430
^Effective Feb. 1971 SURVEY, labor force data reflect new seasonal factors; comparable
figures for prior periods appear in EMPLOYMENT AND EARNINGS, Feb. 1971 (USDL, Bureau
of Labor Statistics).
If See corresponding note, p. S-14.
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown in
the 1969 edition of BUSINESS STATISTICS
1969
1970
November 1971
1971
1970
Annual
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.*
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
EMPLOYMENT— Continued
Seasonally Adjusted
Production workers on mfg. payrolls— Continued
Durable goods— Continued
Electrical equipment and supplies
thous..
Transportation equipment
do
Instruments and related products
do
Miscellaneous manufacturing ind
do
Nondurable goods ... ... ... ... . do
Food and kindred products
do
Tobacco manufactures _..
do
Textile mill products- _
do
Apparel and other textile products
. do
Paper and allied products
do
Printing and publishing __
do
Chemicals and allied products.
. do ...
Petroleum and coal products
do
Rubber and plastics products, nec_ _
do
Leather and leather products
._ do - -
1,346
1,453
294
345
6,116
1,202
70
884
1,238
550
682
622
112
462
294
1,268
1,246
277
329
5,990
1,199
68
858
1,203
544
681
603
116
443
275
1, 254
1,269
271
324
5,947
1,186
66
850
1, 196
540
680
602
114
442
271
1,223
965
266
319
5, 896
1,179
66
844
1, 185
534
676
597
114
432
269
1,183
961
263
315
5,895
1,186
67
841
1,189
535
674
592
115
430
266
1,192
1,236
261
319
5,891
1,187
66
842
1,192
532
675
588
116
430
263
1,183
1,245
260
318
5,886
1,187
65
845
1,187
531
672
588
116
431
264
1,177
1, 237
256
318
5,882
1,186
66
841
1, 189
529
671
586
118
433
263
1,173
1, 225
253
316
5,879
1,184
64
839
1,197
526
668
583
116
440
262
1,177
1, 225
253
317
5,890
1,181
66
840
1, 202
527
666
584
116
443
265
1,184
1,253
255
318
5,902
1,184
65
845
1,204
519
667
588
116
448
266
1,179
1,246
256
318
5,869
1,178
64
838
1,188
520
667
585
115
449
265
37.7
43.0
37.9
40.6
37.1
42.7
37.4
39.8
36.9
36.9
42.7
37.0
39.6
39.4
2.8
36.9
36.8
42.7
37.2
39.7
39.6
2.7
37.0
37.1
42.8
37.7
39.9
39.5
2.7
36.9
36.6
42.9
37.6
39.6
39.8
2.8
37.0
36.6
42.6
36.8
39.4
39.8
2.8
37.0
36.8
42.8
37.8
39.7
39.8
2.9
37.0
36.7
42.2
37.1
39.5
39.8
2.9
36.9
33.8
42.4
36,8
40.0
40.0
3,0
37-1
37.3
42.3
37.2
40.2
40.0
2 9
36.9
37.3
42.2
37.1
39.8
40.0
3.0
1,169
1,167
1,244 '1,248
'256
257
318
'318
5,846 '5,837
1,188 r 1, 179
56
56
841
841
1,179 r 1, 180
515
520
661
••658
582
577
115
"115
450
'447
259
'264
' 1, 188
' 1,257
'261
320
' 5, 889
' 1, 193
'58
'842
' 1, 188
'531
'660
'582
116
'458
'261
1,186
1,253
261
319
5,866
1,165
56
844
1, 192
528
663
580
116
459
263
36.9
37.4
42.0
37.1
39.8
39.8
2.9
36.7
37.0
'41.7
'35.7
39.9
39.6
2.8
37.1
37.1
42.7
37.8
39.9
39.7
2.9
HOURS AND MAN-HOURS
Seasonally Adjusted
Average weekly gross hours per production worker
on payrolls of private nonagric. estab. 1__ hours _.
Not seasonally adjusted
.
do
Mining
. . .
do
Contract construction . . . . . ....
do .
Manufacturing: Not seasonally ad justed., .do
Seasonally adjusted
do
Overtime hours
do
3.6
3.0
36.7
37.0
42.1
35.0
39.6
39.3
2.8
Durable goods
do
Overtime hours. _.
do
Ordnance and accessories
do ...
Lumber and wood products
do
Furniture and
fixtures
.do
Stone, clay, and glass products
do
Primary metal industries
do
Fabricated metal products. , . .
do .
M achinery, except electrical
do
Electrical equipment and supplies ...do ...
Transportation equipment
_ .
do
Instruments and related products. .. do
Miscellaneous manufacturing ind ...do
41.3
3.8
40.4
40.2
40.4
41.9
41.8
41.6
42.5
40.4
41.5
40.7
39.0
40.3
2.9
40.6
39.7
39.2
41.2
40.5
40.7
41.1
39.9
40.3
40.1
38.7
39.8
2.7
39.7
39. 5
38.3
40.9
41.0
39.8
40. 1
39.0
39.8
39.4
38.1
39.9
2.6
40.2
39.3
39.2
41.0
39.9
40.2
40.4
39.7
39.9
39.8
38.4
40.0
2.5
40.4
39.8
39.3
41.1
39.6
40.1
40.6
39.7
40.0
39. 9
38.5
40.0
2.6
40.7
39.7
39.5
41.3
39. 9
40.2
40.3
39.7
40.2
39.6
38.7
40.3
2.7
41.1
39. 8
39. 5
41.2
40.3
40.4
40.2
39.7
41.3
39.8
38.6
40.3
2.8
41.4
39.8
39.6
41.3
40.6
40.4
40.1
39.7
41.5
39.7
38.4
40.4
2.8
41.9
39.9
39.7
41.7
40.8
40.3
40.2
39.7
41.7
39.7
38.8
40.3
2.8
41.5
40.1
39.5
41.1
41.0
40.1
40.0
39.8
40.6
39.7
38.6
40.5
2.9
41.5
39. 8
39. 9
41.4
41.0
40.7
40.5
39. 9
41.1
40.0
38.9
40.6
2.9
41.6
40.4
39.9
42.0
41.0
40.6
40.7
39. 9
41.4
39.7
38.7
40.4
2.8
41.9
40.5
40.1
41.8
40.6
40.7
40.7
40.1
39.5
39.8
39.2
'40.0
2.8
'41.9
'40.2
'39.9
41.8
'38.8
'40.2
'40.8
40.0
'39.9
'39.8
39.2
'39.8
'2.7
'41.4
'40.1
39.4
'41.4
'39.7
'39.4
'40.7
'39.6
'38.9
'39.7
'38.8
40.2
2.7
41.4
40.7
39.6
42.0
40.1
40.2
40.8
40.2
39.7
39.8
39.0
Nondurable goods
do
Overtime hours .
do
Food and kindred products
do
Tobacco manufactures
_ .
do
Textile mill products.,
.. do
Apparel and other textile products
do
39.7
3.4
40.8
37.4
40.8
35.9
39.1
3.0
40.5
37.8
39. 9
35.3
38.6
2.8
40.0
38.4
38.9
34.1
38.9
2.8
40.5
38.0
39.6
35.0
39.0
2.8
40.4
38.4
39.7
35.3
39.0
2.7
40.5
39.3
39.7
35.3
39.2
2 9
40.7
39.1
40.4
35.2
39.1
2.9
40.7
36.1
40.2
35. 0
39.1
2.9
40.5
38.0
40.3
35.2
39.2
2.9
40.5
37.5
40.4
35.1
39.4
3.0
40.5
38.3
40.8
35.5
39.3
3.1
40.4
36.2
40.8
35.4
39.3
3.0
40.5
39.6
40.3
35.8
39.3
'3.1
'40.5
'37.1
'40.7
'35.7
39.1
3.0
'40.7
'36.5
'40.3
'35.4
39.2
2.9
40.0
35.2
41.0
35.7
43.0
38.4
41.8
42.6
41.1
37.2
41.9
37.7
41.6
42.7
40.3
37.2
41.5
37.4
42. 0
43.5
40.0
36.6
41.6
37.4
41.3
43.1
39.6
37.0
41.7
37.5
41.3
42.8
39.5
37.1
41.4
37.5
41.4
43.3
39.6
37.2
41.7
37.6
41.5
42.5
40.1
37.1
41.8
37.4
41.5
42.9
39. 9
36.9
41.9
37.5
41.4
41.9
40.3
37.4
42.3
37.5
41.7
41.7
40.3
38.3
42.1
37.7
41.5
41.7
40.4
37.8
42.3
37.7
41.7
42.3
40.7
37.5
42 .4
37.6
41.4
42.6
40.3
37.7
'42.4
37.5
41.5
43.4
'40.1
'37.6
'41.9
'37.4
'42.2
'42.8
40.1
'37.4
41.8
37.4
41.2
41.6
40.5
37.9
40.7
35.6
40.2
34.2
37.1
34.7
40.5
35.3
40.0
33.8
36.8
34.4
40.5
35.2
39. 7
33.7
36.7
34.4
40.2
35.2
39.9
33.8
36.7
34.3
40.3
35.2
39.8
33.7
36.7
34.3
40.3
35.1
39.8
33.7
36.7
34.3
39.9
35.1
39.7
33.6
36.7
34.2
40.6
35.1
39.7
33.6
36.8
34.2
40.6
35.0
33. 7
33.5
36.9
34.0
40.6
35.2
39.6
33.7
36.9
34.1
40.0
35.1
39.8
33.7
37.0
34.1
40.7
35.2
39.9
33.7
37.0
34.1
38.0
35.3
39.6
33.8
37.1
34.4
'40.5
35.1
'39.7
33.6
37.3
34.3
'40.7
'35.1
'39.7
'33.7
'37.0
'34.3
40.6
35.2
39.8
33.8
37.1
34.3
-137.05 r 136.52 r 136.45 r 137.04
137. 36
136. 65
137. 38
137. 56
138. 07
137. 99
137. 91 ' 137.67 ' 137.90
138. 3f,
'92.6
'96.8
'94.2
92.1
88.2
93.4
80.3
100.2
92.7
89.4
54.2 '53.0
' 96. 9 '97.6
' 98. 9 99.7
'99.9
'99.9
52.4
99.8
101.2
102. C
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.Trans., comin., elec., gas, etc.* ...
Wholesale and retail trade _
Wholesale trade
Retail trade
.
Finance, insurance, and real estate
Services*
do
do
do
.. do ..
do
do
Seasonally Adjusted
Man-hours, all wage and salary workers, nonagric.
establishments, for 1 week in the month, seas,
adjusted at annual ratef
bil. man-hours .. r
Man-hour indexes (aggregate weekly), industrial
and construction ind., total 1T
_. 1967=100..
Mining
do
Contract construction
...
do
Manufacturing
do
Durable goods,
do
r 138.
11
103.9
101.5
107.4
103.3
103.7
97.3
100.9
102.4
96.3
94.2
94.4
99. 2
93.3
94.4
92.6
92.6
100.8
99.0
91.1
87.1
92.1
101.1
99.9
90.4
85.7
94.1
101.3
101.5
92.6
89.3
94.2
101.7
100.3
92.9
89.6
93.1
100.4
95.1
92. 5
89.3
93.7
100.9
100.3
92.4
88.9
93.7
99. 7
99.3
92.5
88.9
94.4
100.1
98.3
93.5
90.2
94.1
99.0
98.5
93.1
90.0
93.2
94.4
97.4
92.4
89.0
._ do .
do
do
do
101.2
101.4
107.1
106.2
73.3
93.7
98.1
100.6
67.8
92.2
95.4
99. 5
65.3
91.5
96.6
98.8
63.4
92.5
96.8
98.0
62.2
91.3
96.6
98.7
61.1
92.1
96.6
98.3
58.1
92.7
96.5
98.1
57.1
93.1
97.0
98.7
55.4
93.8
97.1
98.4
56.0
93.6
98. 9
99.9
54.4
95.8
99. 6
100.8
53.6
97.0
100.7
99.7
do
do
do
104.4
105.5
100.8
96.8
97.9
93.1
99. 3
96.6
88.6
93.0
91.9
86.3
89.5
90.0
85.6
90 9
93.0
84.2
92.3
93.1
82.7
93.0
93.0
81.4
93.9
90.4
80.9
94.9
93.0
79.8
95.3
95.0
80.6
93.8
94.1
80.5
90.0
94.6
80.8
'80.3
'93.4
'81.2
'84.3
'92.4
'82.0
86.4
93.6
82.5
Electrical equipment and supplies
do
Transportation equipment ... _ . do
Instruments and related products
do
Miscellaneous manufacturing ind
do
102.3
106.3
103.1
100.7
95.1
88.7
95.8
95.6
92.0
89.0
91.9
92.5
91.4
67.9
91.1
91.8
88.4
67.8
90.3
90.9
89.1
87.6
89.0
92.5
88.4
90.6
89.1
92.0
87.9
90.5
87.5
91.5
87.6
90.1
86.5
91.9
88.2
87. 7
86.5
91.7
88.9
90.8
87.8
92.7
88.5
90.9
87.5
92.2
88.2
86.6
88.0
93.4
87.9
'87.8
'87.7
'93.4
'88.5
'86.2
'89.2
'93.1
89.7
87.7
89.4
93.3
Nondurable goods
do
Food and kindred products
do
Tobacco manufactures
_
do
Textile mill products ... . _
do
Apparel and other textile products. . do
102.8
100. 9
91.1
103. 9
99. 8
99.3
100.1
90.5
98. 5
95. 2
97.1
97.7
84.3
95.1
91.5
97.1
98.3
88.1
96. 2
93.1
97.3
98.7
90.3
96.1
94.2
97.3
99.0
91.1
96.2
94.5
97.7
99. 5
89.3
98.2
93.8
97.3
99.4
83.7
97.3
93.4
97.4
98. 8
85.4
97.3
94.6
97.8
98.5
86. 9
97.6
94.7
98.3
98. 8
87.4
99. 2
95.9
97.7
98.0
81.4
98.4
94.4
97.4
99.1
77.9
97.5
94.7
97.9
'97.3
'98.3 ' 100. 0
'73.0 '74.3
'98.5 '97.6
'94.6 '94.4
97.3
96.0
69.2
99.6
95.5
Ordnance and accessories
Lumber and wood products
Furniture and
fixtures
Stone, clay, and glass products
Primary metal industries.
Fabricated metal products. . . .
Machinery, except electrical
r
139. 03
Revised.
» Preliminary.
^Beginning with the Sept. 1971 SURVEY, payroll employment, hours, earnings, and turnover data reflect actual employment levels for Mar. 1970 and new seasonal factors. Data in the
1969 BUSINESS STATISTICS are in accordance with Mar. 1968 benchmarks and are not com-
'92.5
96.7
'97.1
'91.6
'87.7
parable with current estimates nor with the revised historical statistics in BLS Bulletin N<
1312-8, EMPLOYMENT AND EARNINGS, UNITED STATES, 1909-71, to be available from th
Superintendent of Documents, Government Printing Office, Wash., D.C. 20402.
*Nei
series.
fData are adjusted to Mar. 1970 benchmarks.
SURVEY OF CURRENT BUSINESS
November 1971
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1969
1970
Annual
S-15
1971
1970
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
'97.9
'97. 2
97.3
'98.8
'97.2
'99.8
' 101. 5
'111.8
'84.2
Oct. i
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HOURS AND MAN-HOURS— Continued
Man-hour indexes, seas, adjusted— Continued
Manufacturing indus., nondurable goods— Con.
Printing and publishing
Rubber and plastics products, nee
do
. -do
105.0
103.0
105.6
97. 5
115.6
94.4
101.2
101.3
101.8
101.6
108.7
88.4
99.5
100.2
102.7
101.4
107.6
85.6
98.6
99.6
100.2
100.4
104.2
85.9
99.1
99. 6
99. 3
100.6
103.4
85.2
97.8
99.7
98.9
102.7
103.7
84.4
98.3
99.5
99.1
100.8
105.2
84.5
98.2
98.9
98.8
103.5
105.2
83.7
97.9
98.7
98.1
99.4
108.0
84.5
99.0
98.4
98.9
98.9
108.7
87.6
97.0
99.1
99.1
98.9
110.2
86.8
97.7
99.1
99.1
99.5
111.3
85.7
97.0
97.9
97.9
100.2
110.4
84.2
114.61
155. 23
181. 54
129. 51
139. 59
138. 17
110.15
105. 85
133. 66
158. 42
138. 94
152. 15
124. 84
161.44
128. 21
103. 74
115. 53
120. 77
97. 99
95. 47
82. 93
139. 32
141. 70
145. 05
170. 40
126. 18
87. 79
148. 15
91.14
199.85
78.66
108. 70
90.57
119.46
163. 97
196. 35
133. 73
143. 47
146. 57
117.51
108. 58
140. 08
159. 17
143. 67
154. 95
130. 87
163. 62
134. 34
109. 13
120. 43
127. 98
110.38
97. 76
84.37
144. 14
147. 78
153. 50
182. 76
128. 96
92. 63
155. 93
95.66
137. 60
82.47
113. 34
96. 66
121.73
164. 55
194. 76
135. 43
145. 16
145. 64
120. 99
108. 92
142. 83
166. 87
145. 44
152. 76
131. 20
167. 26
135. 38
108. 77
122. 15
130. 56
108. 29
96. 19
83.45
147. 97
151.18
159. 18
187. 92
132. 03
90. 50
160. 36
97. 08
138. 16
83.82
113. 46
98.78
121.03
168.56
204. 54
133. 45
142. 76
147. 53
120. 38
111.72
143. 31
157. 61
142. 61
153. 92
132. 47
161. 60
136. 40
110.30
122. 07
129. 51
111.11
99. 50
84.46
147. 07
150. 38
155. 70
187. 06
129. 28
92.00
159. 18
96.60
139. 25
83.08
115. 18
98.50
121.07
169. 52
197. 65
134. 58
143. 16
151.07
120. 78
111. 56
143. 85
156. 81
142. 66
155. 09
133. 60
162. 81
137. 48
111.64
123. 17
131. 54
112.81
100. 80
86.02
147. 55
150. 75
157. 29
187. 05
130. 61
93.37
160. 38
96.67
139. 74
83.17
115. 92
99. 18
122. 43
170. 28
204. 20
138. 45
149. 04
154. 54
119. 89
114.33
144. 96
161. 60
147. 38
157. 87
137. 83
176. 30
138. 40
113. 49
124. 58
133. 09
119.10
101. 45
86.13
148. 75
153. 90
158. 50
186. 19
132. 47
95.89
161. 20
97.08
141.15
83. 73
115.61
99.81
121.88
168. 75
199. 08
138. 60
149. 17
156. 83
117.09
110. 09
141. 86
164. 83
147. 17
155. 57
135. 83
181. 69
137. 02
112. 22
124. 09
134. 13
115.28
101. 60
85. 61
147.74
151. 03
158. 18
186. 06
132. 47
95.23
160. 39
97. 51
141. 37
83.41
117. 07
99.62
122.61
167. 60
197. 38
138. 29
149. 23
155. 32
120. 26
109. 91
144. 13
165. 65
146. 07
156. 39
134. 46
181.15
136. 76
111.72
123. 84
132. 80
107. 51
101. 60
86.06
148. 21
151. 37
158. 59
189. 93
131. 47
95.20
164. 83
97. 92
141.45
84.07
119. 23
100. 30
123.65
168. 82
205. 53
139. 74
151.50
157. 59
121. 70
112. 29
147. 44
168. 10
146. 77
159. 57
137. 36
182. 55
138. 55
113. 68
124. 87
133. 27
114.45
102. 51
87.44
149. 76
153. 38
158. 98
188. 10
132. 47
96. 09
163. 61
98.55
142. 16
84.41
119.56
100. 30
124. 05
170. 89
205. 35
139. 83
150. 40
156. 94
123. 11
111.25
147. 55
171. 39
147. 26
158.00
136. 72
175. 12
137. 86
113. 19
125. 65
134. 13
118. 91
102. 00
86.45
151. 26
154. 42
162. 57
193. 73
134. 06
95.98
164. 82
99.18
142. 63
85.25
120. 29
100. 64
125.49
171.30
209. 05
142.00
153. 09
158. 12
125. 42
113. 76
151.01
170. 57
152. 22
160. 79
138. 90
182. 52
140. 10
114. 07
127. 01
136. 21
125. 07
103. 94
87.69
152. 04
157. 17
161. 85
194. 65
136. 21
97.52
164. 37
99.88
145. 33
85.58
121. 77
101. 02
127. 57
172. 10
213. 94
143. 51
155. 04
160. 93
129. 65
116. 29
155. 24
173. 87
153. 38
162. 39
139. 95
183. 85
140. 10
114. 46
128. 44
136. 89
121. 44
104. 96
87. 69
155. 24
158. 34
164. 30
195. 11
137. 57
98. 30
169. 32
101. 60
146. 40
87.72
121. 36
101. 57
127. 94
172. 53
216. 41
142.09
151. 98
160.66
128. 88
115.53
155. 40
170. 53
150. 72
161.20
139. 00
172. 97
140.23
113. 48
129.63
137.63
130. 87
102. 66
88.43
157. 30
158.30
164. 79
197.80
137. 94
98.56
162. 43
103. 61
146. 43
89.78
122. 06
103. 70
99.99
91.07
111.44
101. 49
104. 61
89.95
115.90
99.66
106. 40
90.55
117. 25
99.79
105.85
89.63
115.68
97.95
105. 88
89.35
116. 58
98.38
106.96
89.81
119. 66
100. 47
107.29
90.01
120. 55
101. 13
107. 85
90.33
120. 31
100.76
108.66
90.70
121.47
101. 39
108.97
90.66
121. 54
101. 11
110.10
91.14
123. 27
102. 04
111.73
91.96
124. 48
102. 45
112.02
91.97
123. 35
101. 27
3.30
3.96
5.46
3.47
3.35
3.68
3.56
3.76
3.02
2.83
3.51
4.05
3.63
3.86
3.42
4.30
3.46
2.91
3.17
3.06
3.27
3.00
2.53
2.44
3.55
4.05
3.81
4.34
3.32
2.53
3.99
2.75
3.52
2.47
3.15
2.91
3.33
3.98
5.53
3.50
3.38
3.72
3.61
3.77
3.01
2.33
3.52
4.08
3.67
3.87
3.43
4.41
3.46
2.93
3.19
3.08
3.32
3.01
2.54
2.46
3.56
4.06
3.83
4.43
3.32
2.56
4.04
2.81
3.57
2.52
3.19
2.93
3.35
4.00
5.56
3.51
3.40
3.74'
3.62
3.77
3.06
2.84
3.55
4.09
3.67
3.90
3.43
4.44
3.48
2.94
3,20
3.10
3.32
3.02
2.54
2.48
3.58
4.08
3.84
4.49 \
3.32
2.58
4.08
2.83
3.59
2.54
3.24
2.95
3.36
4.01
5.54
3.52
3.40
3.75
3.63
3.77
3.05
2.85
3.57
4.12
3.66
3.94
3.46
4.42
3.49
2.93
3.21
3.10
3.34
3.11
2.55
2.47
3.60
4.09
3.84
4.50
3.32
2.59
4.07
2.84
3.59
2.55
3.24
2.95
3.38
4.04
5.55
3.54
3.42
3.76
3.64
3.80
3.07
2.86
3.59
4.17
3.70
3.95
3.47
4.40
3.49
2.94
3.23
3.12
3.37
3.24
2.55
2.47
3.61
4.14
3.88
4.58
3.36
2.58
4.10
2.85
3.62
2.56
3.26
2. 96
3.41
4.04
5.65
3.55
3 43
3.78
3.66
3.81
3.12
2.88
3.63
4.15
3.74
3.97
3.49
4.43
3.52
2.94
3.24
3.13
3.38
3.30
2.56
2.47
3.62
4.18
3.90
4.58
3.38
2.58
4.13
2.87
3.67
2.57
3.30
2.98
5.53
7.706
5.629
7.828
1.76
5.629 i
7.841
5.64
7.878
5.717
7.992
1.76
r 102. 0
' 109. 1
'85.6
98.0
97.7
97.1
98.7
113.2
86.0
WEEKLY AND HOURLY EARNINGS
Not Seasonally Adjusted
Avg. weekly gross earnings per prod, worker on
"payrolls of private nonagric. estab. ^.--dollars-Contract construction
Manufacturing establishments
do
-.do
Fabricated metal products
Machinery, except electrical-
do
do
Instruments and related products
do. ._
Food and kindred products
do. ..
Textile mill products
do
Printing and publishing
Chemicals and allied products
do
do
Leather and leather products
Trans., comm., elec., gas, etc.*
Wholesale and retail trade
Retail trade
do
do
do
do. . .
Spendable earnings per worker (with 3 dependents), total private sector
current dollars ._
1967 dollars.1967 dollars..
Avg. hourly gross earnings per prod, worker on payrolls of private nonagric. estab. 1
dollars. .
Con tract construction
Excluding overtime
Durable goods
Excluding overtime
Ordnance and accessories
Lumber and wood products
do
do...
do
do
do
do....
Stone- clay, and glass products
Primary metal industries. _
Fabricated metal products
Machinery, except electrical
Eleotrical eauip. and supplies
do
do
do
do.-.
do
Instruments and related products
Miscellaneous manufacturing ind
Nondurable goods
.
Excluding overtime
do
do ..
do
do
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing. .
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products, nee.
Leather and leather products
Trans., comm., elec., gas, etc.*
do
do
do
do
do
do
do
do
do
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services*
do
do
do
do
Miscellaneous hourly wages:
Construction wages, 20 cities (E N R) : cf
Commonlabor
_ . $perhr
Skilled labor
do
|
Farm, without board or rm., 1st of mo
do
3.04
3.61
4.79
3.19
3.06
3.38
3.24
3.42
2.74
2.62
3.19
3. 79
3.34
3.58
3. 09
3.89
3.15
2. 66
2. 91
2.79 1
2. 96
2.62
2.34
2.31
3.24
3.69
3.47 !
4.00 |
3.07 I
2.36
3.64
2.56
3.23
2 30
2.93
2.61
3.22
3.84
5.25
3.36
3.24
3.56
3.43
3.61
2.96
2.77
3.40
3.93
3.53
3.77
3.28
4.06
3.35
2.82
3.08
2.97
3.16
2.92
2.45
2.39
3.44
3.92
3.69
4.28
3.20
2.49
3.85
2.71
3.44
2 44
3.08
2.81
i
4.629 !
6.514 j
1.55
i 3. 708 i
5. 224
7. 314
1.64
3. 939
3.29
3.89
5.38
3.42
3.29
3.62
3.49
3.65
3.04
2.80
3.45
4.07
3.60
3.80
3.33
4.14
3.41
2.84
3.14
3.02
3.20
2.88 1
2.46
2.44
3.54 I
4.01
3.79
4.33
3.26
2.50
3.94
2.75
3.48
3.28
3.92
5.44
3.37
3.25
3.56
3.44
3.67
3.04
2.80
3.47
3.99
3.53
3.81
3.32
4.00
3.41 |
2.85
3.13
3.01
3.19
2.82
2.50
2.42
3.51
4.01
3.77
4.32
3.24
2.50
3.94
2.76
3.49
3.10
2.88
3.13 !
2.88
9 40
5.427
7.61
9 4ft
5.480
7.64
1.61
5.52
7.67
3. 932
3. 961
I
' Revised.
* Preliminary.
i Includes adjustnlents not distribute d by months.
If See corresponding note, p. S-14.
* New series.
3.29
3.97
5.46
3.39
3.27
3.57
3.46
3.73
3.05
2.81
3.50
3.98
3.54
3.82
3.34
4.01
3.42
2.87
3.15
3.04
3.24
2.93
2.52
2.43
3.53
4.02
3.79
4.34 !
3.29
2.51
3.96
2.77
3.52
2.49
3.15
2.90
4.001
1
3.42
4.04
5.63
3.57
3.44
3.80
3.67
3.85
3.17
2.90
3.67
4.21
3.75
3.99
3.49
4.43
3.52
2.95
3.26
3.13
3.38
3.30
2.56
2.47
3.67 1
4.20
3.94 t
4.58 I
3.38
2.58
4.15
2.87
3.66
2.58
3.28
2.97
5.86
__a.»|
i
6.014
8.365
1
129. 03
' 173. 43
220. 23
141. 69
' 151.60
' 129. 13
' 173. 47
'216.23
143. 64
' 153.18
r 161.80 ' 162.24
r 129.20 ' 129.68
r 118.78 ' 118.00
157. 78 ' 156.71
r 166.45 ' 171.90
' 151.13 ' 150.80
r 162.01 ' 165.24
r 140.00 ' 140.80
' 171.74 ' 173.80
r 140.58 ' 142.80
r 115.64 ' 115.44
129. 17 ' 130.75
r 135.94 ' 138.51
' 119.31 ' 114.61
r 104.86 ' 104.90
' 90. 00 ' 89. 82
r 158.53 ' 158.67
159. 47 ' 160.98
164. 79 ' 170.07
' 195.53 ' 198.56
r 139.04 ' 141.29
r 97. 38 ' 96. 57
r 172.98 ' 177.10
103. 68 ' 102.08
r 147.63 ' 147.68
' 87. 88
r 89. 18
123. 09 ' 121.77
' 103.75 ' 103.97
112. 96
112.90 ' 112.98
92. 39 ' 92. 30 92. 14
124.
59
124.
27
123. 03
101. 36
100. 68 101. 79
3.45
3.43
"4.10
4.05
5.75
5.68
3.56
3.57
3.43
3.45
3.79
3.79
3.66
3.66
' 3.88
3.89
'3.19
3.19
'2.94
2.91
3.73
3.70
'4.29
4.19
'3.75
3.74
4.02
4.00
'3.50
3.51
4.37
4.39
'3.55
3.55
'2.95
2.94
3.27
3.29
3.15
3.16
'3.34
3.39
'3.19
3.33
' 2. 59
2.56
'2.50
2.47
3.73
3.71
4.23
4.21
3.99
3.99
'4.59
4.60
3.45
3.44 1
2.59
2.58
'4.25
4.23
2.88
2.87
3.70
3.67
'2.57
2.58
3.30
3.29
' 2. 99
2.98
6.05
8.38
1.74
r"
cf W ages as of Nov. 1 1971; Cc)mmon, i >6.182; skilled, $8.511.
129. 11
168.99
225. 79
143. 24
154. 33
162. 29
131.61
117. 68
158. 63
170. 31
152. 71
165. 24
142. 21
177. 28
142. 80
116. 62
129. 30
135. 14
110. 23
106. 71
89.36
157. 03
159. 00
165. 21
194. 79
140. 76
99. 15
176. 66
101. 50
147. 66
87.10
122. 76
103. 97
6. 156
8.471
3.48
3.93
5.88
3.59
3.46
3.82
3.69
3.92
3.21
2.92
3.75
4.29
3.78
4.05
3.52
4.41
3.57
2.96
3.29
3.16
3.37
3.02
2.59
2.51
3.73
4.24
4.01
4.66
3.45
2.63
4.33
2.90
3.71
2.60
3.30
3.04
'3.49
4.14
5.86
3.60
3.46
'3.82
3.69
'3.90
'3.21
'2.95
'3.74
4.33
3.77
4.05
'3.52
'4.40
'3.57
2.96
'3.31
3.17
'3.37
'3.04
'2.57
'2.53
'3.76
'4.27
' 1.03
'4.65
'3.48
2.61
'4.33
2.90
'3.72
2.60
'3.30
3.04
6. 182
8.511
1.70
6.185
8. 515
1
SUKVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated in footnotes below, data
through 1968 and descrip*ive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1969
1970
Annual
November 1971
1971
1970
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HELP-WANTED ADVERTISING
Seasonally adjusted index t
1967=100
LABOR TURNOVERA
Manufacturing establishments:
Unadjusted for seasonal variation:
Accession rate, total
mo. rate per 100 employees..
New hires
do
Separation rate total
do
Quit
—
- do...
Layoff
- do__ _
Seasonally adjusted:
\ccession rate total
do
New hires
do
Separation rate, total
do
Quit
do
Layoff
do
122
93
'85
78
80
80
75
77
78
78
79
83
85
85
80
4.7
3.7
4.9
2.7
1.2
4.0
2.8
4.8
2.1
1.8
4.7
3.4
6.0
3.3
1.7
3.8
2.7
5.3
2.1
2.2
3.0
1.9
4.3
1.4
2.1
2.4
1.4
4.1
1.2
2.2
3.5
2.0
4.2
1.5
1.9
3.1
1.9
3.5
1.3
1.4
3.5
2.2
3.7
1.5
1.4
3.7
2.3
4.0
1.6
1.4
3.9
2.6
3.7
1.7
1.2
4.9
3.5
3.8
1.8
1.2
4.0
2.7
4.8
1.8
2.1
5.3
3.4
5.5
2.8
1.8
p4. 7
P3.3
P5.4
P2.9
pl.6
3.8
2.6
3.6
2.4
3.7
2.4
3.8
2.3
3.8
2.3
3.7
2.4
3.9
2.5
4.0
2.5
3.8
2.5
3.7
2.4
3.7
2.5
4.2
2.8
P3.8
P2.5
2.0
1.9
1.9
2.1
1.7
2.0
1.9
1.8
1.8
1.7
1.7
1.5
1.7
1.5
1.7
1.6
1.8
1.5
1.9
1.5
1.8
1.5
1.9
1.9
pi. 7
P 1.8
5,716
3,305
560
591
448
231
340
84
224
456
280
222
330
114
410
116
540
174
580
702
610
272
410
820
390
166
280
88
66, 414
971
785
8,670
881
754
11,574
695
552
7,798
529
920
3,189
440
286
2,709
490
169
1,771
590
200
2,292
750
254
2,184
790
774
3,437
850
384
3,923
670
967
7,906
660
472
4,505
540
286
2,841
INDUSTRIAL DISPUTES
Strikes and lockouts:
Beginning in period:
5,700
\Vork stoppages
number
2,481
\Vorkers involved
thous
[n effect during month:
\Vork stoppages
number
\Vorkers involved
thous
42, 869
Man-days idle during period
do
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
5,153
Nonfarm placements
thous
Unemployment insurance programs:
1,177
Insured unemployment, all programs §
do
State programs:
10, 385
Initial claims
do
1,101
Insured unemployment, weekly avg.-.do
Percent of covered employment:^
2.1
Unadjusted
Seasonally adjusted
923
Beneficiaries weekly average
thous
2, 127. 9
Benefits paid
mil $
Federal employees, insured unemployment,
20
weekly average-.
thous..
Veterans' program (UCX):
333
Initial claims
do
37
Insured unemployment, weekly avg.-.do
34
87.0
Benefits paid
mil $
Railroad program:
100
Applications
thous
17
Insured unemployment, weekly avg.-.do
37.0
Benefits paid
mil $
3,845
345
304
289
230
257
233
295
309
308
365
315
367
2,070
1,746
1,889
2,233
2,632
3,195
3,216
3, 091
2,756
2,443
2,332
2,430
2, 349
2,174
15, 387
1,805
1,079
1,607
1,208
1,724
1,432
2,017
1,863
2,369
1.756
2,799
1,291
2,751
1,265
2,577
1,111
2,283
964
2,001
1,152 «pl,468 6*1,266
1,912
1,993
1,893
1,739
5.2
3.7
2. 302
526. 7
5.2
3.8
2,423
557.7
4.8
3.9
2,339
631.0
4.3
4.0
2,105
541.9
3.8
4.2
1,769
434.5
3.6
3.6
3.8
4.2
4.4
4.0
1,714 «Pl,459 frpl,457
446.7 "P400.6 *> P405. 2
3.3
4.5
1,518
3, 848. 5
3.0
4.1
1,375
299.9
3.2
4.4
1,377
305. 1
3.7
4.5
1,553
341.9
4.4
4.0
1,900
462.0
3.4
35
33
& P53
a P53
54
120
120
114
115 a V 112 b P 115
30.1 « P 29. 2 & P 30. 0
106
89
15
3.8
98
27
8.7
100
33
6.9
31
31
32
33
35
36
37
37
35
31
29
556
79
75
203.2
46
81
81
18.3
49
83
75
17.3
51
97
86
19. 1
59
113
107
26.2
56
127
123
27.8
50
128
127
28.2
57
128
128
33.3
51
121
122
30.8
45
113
110
27.0
128
18
38.7
18
2.9
16
22
3.5
8
20
3.7
9
20
4.2
14
31
4.7
38
22
4.4
30
19
4.6
85
20
4.4
36
18
3.5
45
13
4.2
36
P8C
FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers' acceptances
_
mil. $
Commercial and finance co. paper, total
do. _
Placed through dealers
do
Placed directly (finance paper)
do
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total, end of period
mil. $
Farm mortgage loans:
Federal land banks
_
do
Loans to cooperatives
_ do
Other loans and discounts..
do
5,451
31,709
11,817
19, 892
7,058
31, 765
12,671
19, 094
5,848
33,958
12,518
21,440
6,167
34, 401
13, 084
21,317
6,267
33, 966
13, 301
20, 665
7,058
31, 765
12, 671
19, 094
6,912
32, 295
13, 433
18, 862
6,984
32, 506
13, 921
18, 585
7,174
31, 223
13, 570
17, 653
7,301
31,367
13, 489
17, 878
7,494
31,115
13, 000
18, 115
7,645
29, 472
11, 736
17, 736
7,454
29, 746
11,470
18, 276
8,377
30, 057
11,948
18, 109
8,148
29, 946
12, 304
17, 642
13, 204
14, 774
14, 443
14, 573
14,616
14, 774
14, 957
15, 206
15, 492
15, 718
15, 899
16, 146
16, 137
16, 107
16,044
16,211
7,650
1,997
6,490
7,709
1,942
6,456
7,766
1,942
6,336
7,826
2,030
6,355
6,714
1,732
4,758
7,187
2,030
5,557
Bank debits to demand deposit accounts, except
interbank and U.S. Government accounts,
annual rates, seasonally adjusted:
Total (233 S MSA's) Obil $
New York SMSA
do
Total 232 SMSA's (except N.Y.)....
6 other leading SMSA 'si
226 other SMSA's
7,137
1,973
5,463
7,156
2,020
5,439
7,187
2,030
5,557
84, 050
90, 157
87, 366
86,609
88, 464
90,157
Reserve bank credit outstanding, total 9 -do
Discounts and advances
do
U.S. Government securities
do
60, 841
183
57, 154
66, 795
335
62, 142
63, 297
852
59, 975
63, 527
428
60, 015
63, 737
300
61, 233
66, 795
335
62, 142
Gold certificate account
10, 036
10, 457
10, 819
10, 819
10, 827
10, 457
do
7,210
2,119
5,628
7,258
2,164
5,784
7,347
2,153
5,993
7,426
2,113
6,179
7,502
2,056
6,341
7,579
2,041
6,527
10,552.0 10,780.2 10,533.9 10,896.5 '10,688.4 11,508.9 11,425.9 11,658.7 11,119.2 11,815.7 '11,770.0 '12,369.5 12,311.6
4, 668. 1 4, 899. 8 4, 824. 0 5, 016. 1 4, 825. 9 5, 477. 4 5, 309. 7 5, 356. 8 4, 903. 9 5, 202. 8 '5,147.4 5, 704. 9 5, 613. 7
5,883.9 5,880.5 5,709.9 5,880.3 5,862.5 6,031.5 6,116.2 6,301.9 6,215.3 6, 612. 9 '6.622.6 '6, 664. 7 6, 697. 9
2, 502. 9 2, 497. 4 2, 420. 1 2, 480. 1 2,453.5 2,524.1 2,505.3 2,597.1 2, 773. 9 2, 765. 2' 2, 773. 92, 795. 7 2, 815. 3
3,381.0 3,383.0 3,298.8 3,400.2 3,408.9 3,507.4 3, 610. 9 3,704.8 3, 641. 4 3, 847. 7 ' 3, 848. 8'3,869.0 3, 882. 5
do....
do.
do
Federal Reserve banks, condition, end of period:
Assets, total 9
mil $
7,101
1,852
5,489
88, 541
90, 681
90, 357
91, 210
92, 945
91, 899
92, 154 p 93, 755
64, 900
308
61, 783
65, 616
264
62, 462
67, 387
391
64,160
66, 665
81
63,721
69, 757
1,051
65,764
68, 565
446
65, 518
69, 285
778
65, 841
70, 094
'858
66,868
71,013
198
67, 566
10, 464
10, 464
10, 464
10, 475
10, 075
10, 075
10, 075
9, 875
9,875
92, 945
91,899
92, 154 p93, 755
88, 277
do
84, 050
90, 157
87, 366
86, 609
88, 464
90, 157
88, 277
88, 541
90, 681
90, 357
91,210
Deposits, total
Member-bank reserve balances
do
do
24, 338
22, 085
26, 687
24, 150
26, 037
23, 938
26, 007
24, 206
24, 104
22, 689
26, 687
24, 150
26, 384
24, 508
26, 401
24, 409
27, 748
25, 895
26, 949
24, 735
27, 604
25, 494
26, 701
24, 540
27, 345
25,311
27, 187
25, 409
28,467
25, 422
Federal Reserve notes in circulation
do
48, 244
51,386
49, 128
49, 314
50, 390
51, 386
50, 206
50, 200
50, 593
50, 889
51, 485
52, 228
52, 619
52, 829
52, 830
Liabilities, total 9
' Revised.
p Preliminary.
JMonthly data prior to 1969 will be available later.
Revision for Aug. 1970 (1967=100), 89.
ASee note "if", p S-14.
§Beginning Jan. 1970, data include claims filed under extended
duration provisions of
b
regular State laws.
« Excluding data for N.H. and Conn.
Excluding data for N.H.,
R.I., and Conn.
cflnsured unemployment as % of average covered employment in a 12-month period.
OTotal SMSA's include some cities and counties not designated as SMSA's.
llncludes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland and Los
Angeles-Long Beach.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
November 1971
1970
1969
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
End of year
S-17
1970
Sept.
Oct.
1971
Nov. | Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
30 547 rr30 455
30 385 30r 257
198
162
-804
820
658 r 606
Sept.
Aug.
Oct.
FINANCE—Continued
BANKING- Continued
All member banks of Federal Reserve System,
averages of daily figures:
Reserves held, total
mil. $ i 28, 031 i 29, 265
Required
- - - --do __ i 27, 774 i 28, 993
1257
i 272
Excess
_
_ _ - - . _ _ _ . _ _ _ ..do. _ _
Borrowings from Federal Reserve banks _ _ . do
» 1, 086
1321
i —49
i -829
Free reserves
do
28 825
28, 553
272
607
— 335
28 701
Large commercial banks reporting to Federal Reserve System, Wed. nearest end of yr. or ino.:J
Deposits:
Demand, adjustedcf- _ _ _
mil. $_
80 407
80 780
_
do
2
96, 589
2
do
do
2
2
46, 490
36, 502
do
do
do
do
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates) , seas, adj.:
Total loans and investments©
nil $
LoansO
do
U.S. Government securities
do
Other securities
do
..
48 035
2 51 650
46 811
47 540
9
47 013
49 086
29 265
28 993
272
321
49
30 488
30 209
279
370
—91
29880
29,679
201
328
— 127
29 686
29 487
199
319
— 120
29 885
29 745
140
148
—8
30 419
30 107
312
330
— 18
30023
83086
87 739
82,284
81 234
82 590
82, 275
84 927
83 921
r
116 426 119 443 123, 102 125 842 129 175 129 338
47 475 48 035 49 145 50 458 52 973 53 043
50 376 51 650 53 770 54*889 55 544 54' 7Q7
64 851
24, 793
20 598
40 058
66 319
25, 593
20 720
40 726
423
287
57
78
424 4
287 3
56 3
80.8
401. 3
278 1
51.9
71.3
2
2
2 435 i
2 290 5
2
58 5
2
86.0
Home mortgage rates (conventional 1st mortgages):
New home purchase (U.S. avg.)
percent-Existing home purchase (U.S. avg.)
do
Open market rates, New York City:
Bankers' acceptances (prime, 90 days)
do
Commercial paper (prime, 4-6 months). .do
Finance Co. paper placed directly, 3-6 mo. do
Stock Exchange call loans, going rate
do
428
288
56
83
2
4
7
1
53 535
55 732
!41 222
'96,346
r 6 378
r 5 636
r
21 235
53 658
56 532
r
53 145 52 693 r52 607
57 210 r58 154 r 59 051
177 240 177,206 180 002
81 909
81 208
7 012
7 314
13
996
13 278
3s) 087
34 553
0
994
4
48, 935 50 794
182 830 180 753 185 343 r!86 348
82 521 81 830 82 951 r83 741
7 590
6 729
7 715 r 7 744
14 784 13 713 13 966 r 10 548
35 628 36 149 36 727 r 37* 183
49 986 50 605 53 296 r ^Q. CQ9
7K K1 K
76 338
26,623
22 434
49 715
75 152
25,397
21 850
49 755
458
299
62
96
461 3
301 7
6i 8
97 9
73 229
28,268
22 322
44 961
73 618
27, 593
22 361
46 025
47 455
74 883
25, 453
21 652
49 430
435
290
58
86
438 9
292 0
58 7
88.2
444
295
59
89
448
295
61
99
453
298
60
95
6
°
9
6
82 841
144 435
100, 482
6 H2
3 551
22 731
131 127 13] 890 132 954 134 070 r!36 148 137 160
72 194
28, 061
2i 983
44 133
i
5
5
0
82 116
75, 678
28, 060 '26, 569
99 ocx
6
2
4
o
no 7
9
9
0
o
7
2
9
6
74 250 -7K 1Q1
24, 934 r 25, 094
22 122 T 99 400
49 316 T 50 097
466
307
61
97
5
4
6
Q
53 605
60 305
185
83
7
13
37
51
993
070
788
202
547
861
77 238
26, 197
23 350
51 041
99 o
473 9
313 7
59 2
101 0
47O 1
en 7
3
8. 48
38.22
3
8. 86
8.07
7.74
8.47
56.75
6.27
7.18
66.58
6.26
6.80
38.24
37.93
38.19
38.18
3
3
3
3
8. 46
8. 44
8. 52
8. 49
8.05
8.15
8.08
8.16
6.83
7.04
6.72
6.81
6.65
6 88
6 59
6 63
5.50
6.00
6.00
5.75
5.50
5.00
4.75
4.75
4.75
4.75
4.75
5.00
5.00
5.00
5.00
37.23
3
8. 50
8.51
8.30
8.08
7.86
7.64
7.24
6.80
6.35
6.11
6.05
6.01
6.00
5.99
5.99
37.66
37.68
3
3
8. 27
8. 20
8.31
8.27
8.33
8.20
8.26
8.18
8.20
8.12
8.03
7.94
7.74
7.67
7.52
7.47
7.37
7.34
7.36
7.33
7.38
7.38
7.51
7.50
7.60
' 7.58
7.66
7.63
4
4
4
7.31
7. 72
47.23
4
7. 95
7 03
7.32
7.12
7.90
6 54
6.85
6.76
7.75
5 79
6.30
6. 36
7.40
5 32
5.73
5.48
6.92
4 77
5.11
5.07
6.28
4 09
4.47
4.37
5.88
3 80
4.19
4.05
5.49
4 36
4.57
4.27
5.32
4 91
5.10
4.69
5.50
5 33
5.45
5.24
5.50
5 60
5.75
5.54
5.93
5 57
5.73
5.57
6.00
5 49
5.75
5.44
6.00
5 05
5.54
5.30
6.92
6. 458
4 7 37
6.244
5.927
7 06
5.288
6 37
4.860
5 86
4.494
5 72
3.773
5 31
3.323
4 74
3.780
4.139
4.699
(\ 3fi
5.405
6 77
5.078
4.668
4. 489
7. 61
47.83
* 7. 16
4
7.96
4
70 017
27,364
21 868
42 653
83 819
38.21
38.02
3
8.53
6.00
do
7
3
6
8
30 840 p30, 851
30 592 30, 656
195
248
501
360
— 165
253
r
2
2
2
2
2
2
131
453
322
84 696
173 826 174 487 180 429 175 201 175 635
79 968 80 132 81 693 80 039 80800
7 292
6 436
6 915
7 153 8 560
12 573 12 604 13 642 12 617 12 41?
34' 065 34*059 34 -Q35 34 284 34 416
47 025 49 013 50 906 48 093 49 007
59 536 2 72 194
23, 853 22 28, 061
19, 789
21 983
35, 683 2 44 133
29 892
139 560 147 355 138 249 135 249 146 456 141 474 143 628 152 998 139 726 145 012
96,854 103, 149 94,883 93,744 99, 265 97, 099 100,703 102,160 97,291 99, 579
6 150
6 460
6 808 6 774
6 483 6 957
7 623
6 601
7 228
6 353
4 380
2 738
4 220
6 563 4 320
2 873
5 328
3 899
4 838
5 833
20 752 21 704 19,651 20 175 24 704 20 750 22 045 24 975 20 831 21 937
175 6 7
81 154
6 091
13 229
33 939
46 574
do
do
.do
do
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent
3-5 year issues.
do
119, 443 113 635 114 820
2
28, 558
28,432
120
425
—305
429
175 756
693
81,
491
2
560
7,811
2
13, 642
13, 148
2
33, 617 2 34, 035
2
44 177 2 50 906
2
Discount rate (N.Y.F.R. Bank), end of year or
month
percent-Federal intermediate credit bank loans
87, 739
462
— 208
147,355 140 018 131 032
103,149
94, 516 92, 376
2
6 774
7 682
5 925
2
4,
380
3 722
5 798
2
21, 704 20 962 19 382
2
180
2
81,
2
8,
2
2
Money and interest rates: § .
Bank rates on short-term business loans:
In 35 centers
percent per annum,.
New York City...
do
7 other northeast centers
do
8 north central centers
7 southeast centers
8 southwest centers
4 west coast centers
2
150 897
105,605
2
7, 942
2
2, 989
2
20, 801
Loans (adjusted) , totald"
do
Commercial and industrial _ _ .. . do
For purchasing or carrying securities
do
To nonbank financial institutions
do
Real estate loans.
_
_. _ d o
Other loans
do
Investments, total
U.S. Government securities, total
Notes and bonds.Other securities..
___
90,288
2
2
Demand, total 9
do
Individuals , partnerships , an d corp
do
State and local governments
do
U.S. Government
do
Domestic commercial banks
_ . __do
Time, total 9
Individuals, partnerships, and corp.:
Savings
Other time.
_ _
_
2
2
2
28,447
254
6. 677
6 85
4
4
7 24
5 49
6.00
5 66
6 25
6.50
6 25
6 75
5
6
6
6
6
6
6
6
6
95
37
17
12
H9
45
73
60
56
fi QA
5
Qfi
C
CO
CONSUMER CREDIT
(Short- and Intermediate-term)
Total outstanding, end of year or month
mil. $.. 122, 469
126, 802 123, 907
23, 866 123,915 126, 802 125, 077 123,815 123, 604 125, 047 126, 025
27, 388
28, 354
29,704
30, 644
101 161 100 142
99 959
99 790 101 161 100 101
99 244
99 168
OH H98
HO fiQ9
01 862
02 848
04 Ofif)
04 Q73
36 738
28, 055
4,123
31 226
36 518
28, 152
4,126
31 163
36 Oil
28, 378
4,133
31 268
35 490
29, 949
4,110
31 612
35 004
29, 575
4,067
31 455
34 869
28, 928
4,051
31 396
35 028
28, 591
4,045
31 504
qc AHA
36 763
29, 165
4,240
32 680
07 qco
39 (\A-\
36 349
28, 976
4,186
39 351
07 i KA
28, 682
4,077
31 773
QC 819
28, 706
4,126
29, 477
4, 295
oo 1 34
29, 840
4,330
87, 064
41 395
31, 123
87, 471
42 051
31, 510
87, 243
42 010
31, 309
86, 820
41 740
31, 081
87, 064
41 8%
31,123
86, 308
41 611
30, 791
85, 910
41 446
30, 511
86, 015
41 563
30, 326
86, 805
42 094
30, 369
87, 491
42 48?
30, 441
88, 544
43 Oil
30, 609
89, 458
43 509
30, 906
90, 536
44 112
31,098
91, 279
44 fi03
12 500
1,546
12 409
1,501
12 422
1, 502
12 438
1,561
12 500
1,546
12 353
1,553
12 351
1,602
12 509
1,617
12 686
1,656
19 874
1,694
13 206
1,718
13 296
1,747
13 570
iq 700
1,756
1,763
Retail outlets, total
do
13 187
14 097 12 671 19 716 12 970
Automobile dealers
do
336
332
327
337
335
T
Revised.
p Preliminary.
2
^Average for Dec.
Beginning June 1969, data are revised to include all bank-premises
subsidiaries, and other significant majority-owned domestic subsidiaries; also, loans and
investments are now reported gross. For complete details see the Aug. 1969 Federal Reserve
Bulletin.
s Average for year.
* Daily average.
s Revised series. Feb. 1971 data on
old basis are in Jan. 1971 column; details are in June 1971 Federal Reserve Bulletin.
{Revisions for Jan. and Feb. 1970 are in the Mar. 1971 Federal Reserve Bulletin,
cf For demand deposits, the term "adjusted" denotes demand deposits other than domestic
commercial bank and U.S. Government, less cash items in process of collection; for loans,
14 Oc>7
327
13 793
324
13 334
323
13 153
325
13 223
330
13 201
13 318
13 390
1 3 ^94
1 3 RQ4
344
339
344
347
340
Installment credit, total
do
98 169
Automobile paper
Other consumer goods paper
Repair and modernization loans
Personal loans
do
do
do
do
36 602
27,609
4,040
29 918
35 490
29, 949
4,110
31 612
By type of holder:
Financial institutions, total
Commercial banks.
Finance companies^
do
do
do
84, 982
40 305
31, 734
Credit unions,
Miscellaneous lenders f
do
do
11 594
1,349
http://fraser.stlouisfed.org/
448wf)C)1 O - 71 _
Federal Reserve Bank of St. Louis
oq A90
31, 133
exclusive of loans to and Federal funds transactions with 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.
©Adjusted to exclude interbank loans: beginning June 1969, data are reported gross.
§For bond yields, see p. S-20.
^Finance companies consist of those institutions formerly classified as sales finance, consumer
finance, and other finance companies. Miscellaneous lenders include savings and loan associations and mutual savings banks.
November 1971
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1970
1969
1971
1970
Oct.
Sept.
Annual
Nov.
Dec.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
24 976
9 48fl
8,196
1,284
24, 571
9 506
8,205
24, 436
9 557
8,249
25, 019
9 676
8,350
25, 333
9 765
8,425
25, 526
9 862
8,512
25. 506
9 854
8,498
25, 644
9 997
8,633
25, 671
10, 061
8,694
7 °,"^
7 207
5,316
1,891
7,672
7 689
5,774
1,915
7,654
8 004
6,046
1,958
7,564
8 214
6,199
2,015
7,450
8 271
6,173
2,098
7,381
8 305
6,120
2,185
7,342
8 305
6,101
2,204
7,305
9,575
3 H74
3,076
3,425
10, 079
9,562
3,363
3,616
3,148
3,531
10, 667
3 301
3,538
3,828
10,098
3 032
3,415
3,651
10, 300
3 066
3,465
3,769
9,849
2 927
3,454
8,898
9 (".fin
3,124
3,214
9,497
2 771
3,268
3,458
9,112
2 618
3,226
3,268
9,088
2 675
3,153
3,260
8,936
2 698
3,091
9 690
9 715
9 675
2 773
3 399
3 503
10 049
3 004
3 465
3 580
10 156
3 147
3 462
3 547
9,222
2 697
3 262
9,1579
2 73
3 172
3 253
I K ceo
IQ 710
18 265
1 444
Jan.
Oct.
FINANCE—Continued
CONSUMER CREDIT— Continued
Outstanding credit— Continued
IN omnaiaiimeiii credit , loiai
Commercial banks
Other financial institutions
Retail outlets
Credit cards
Service credit
Installment credit extended and repaid:
Unadjusted:
Extended, total
Automobile paper
Other consumer goods paper
All other
Repaid, total
Automobile paper..
Other consumer goods paper
All other
Seasonally adjusted:
Extended total
Automobile paper
Other consumer goods paper
All other
Repaid total
Automobile paper
Other consumer goods paper
All other
_
_
i
94 3Q0
do
do
7,900
1,196
do
do
do
23 765
1,254
24 125
9 345
8,071
1,274
25 641
9 0-1 O
8,059
23 907
1,279
9 0-1 c
8,062
1,254
6,650
1,584
6,970
6,932
1 918
7,307
5,617
1,872
6,960
5,797
1,859
6,938
7 7<"i7
5,884
1,873
7,023
8 OK ft
6,932
1,918
7,307
6,144
1,950
7,402
5,435
1,918
7,712
102, 888
do
do
_do._ _ 33, 079
37, 455
do
104, 130
8,580
8,670
8,271
10, 194
7,545
7,489
36, 781
37, 518
3,097
3,081
94, 609
101, 138
30, 369
34, 358
34, 441
35,754
do
_.do
do .
do
9' 484
8,205
do
do
do
do
do
do
do
do
i igy 784 i 193 743
i 183
072 1 194 460
1
4,712 1 —716
' — I 476
1
—2 128
9
484.
8,205
1,279
3,200
3,007
3,147
3,118
4,562
3,587
2,868
2,680
8,298
8,853
8,440
8,823
8,605
8,346
9,651
9,219
2,843
2,883
3,103
3,067
2,921
3,006
2,991
3,266
3,242
2,880
3,078
2,797
3,413
3,323
3,272
3,315
8,580
2,349
3,113
3,118
o 414
0
8,849
2,621
3,071
3,157
9
9 533
9 751
8,490
2,599
2,913
2,978
do
do
do
do
FEDERAL GOVERNMENT FINANCE
Budget receipts, expenditures, and net lending: J
Expenditure account*
Receipts (net)
mil $
Expenditure (excl net lending)
do
Expend acct surplus or deficit ( — )
do
Loan account*
Net lending
do
Budget surplus or deficit ( — )
Budget financing total t
Borrowing from the public
Reduction in cash balances
25 641
Q OQfi
8,662
2,550
3,036
3,076
8,716
CO£>
8,515
ftQ1
8,979
3,145
18, 725 11,493 14, 134
17, 329 17, 490 16, 616
1,396 -5, 997 -2, 482
-112
-150
-114
15, 429
15, 876
-447
196.9
94.9
191.5
92.2
191.3
89.7
Indirect business tax and nontax accruals. do
Contributions for social insurance
do
19.0
46.8
19.3
49.3
19.7
50.0
189.5
99.2
78.4
52.4
20.3
13.1
205.1
97.2
75.4
63.4
24.4
14.6
206.7
96.1
74.2
64.6
24.9
15.0
•iq
fi
0-1
•1 C
Q
A
0Q7
3
49fi
9,038
2
879
3
4R4
2 CQR
9,088
2 Kfifi
o 1 70
O 97Q
3
9K r
9 7("ifi
3 9QC
3 A°.Q
3
9,197
2
R4A
9,190
2
3
°. 4ft
8,914
2 565
3 203
3 146
o fino
13 198
18 507
5 309
9 R°,S.
o 400
444
£78
4Q
326
K
3 236 i —2 845 1,281 -6, 147 -2, 594
2,594
6,147
i — 3 236 i1 2 845 -1,281
3,024
2,561 3,306
»—ll,146
5 399 -1,347
-712 -2,903
3,586
66
i 7, 910 i—2 554
Receipts and expenditures (national income and
product accounts basis), qtrly. totals seas. adj.
at annual rates:
Federal Government receipts, total
bil. $_.
Personal tax and nontax receipts
do
2
K IOQ
1
i 367, 144 1 382 603 390, 335 391, 840
Gross amount of debt outstanding^
do
Held by the public
do
i 279 483 i 284 880 292 246 294, 808 298, 113 301, 138
Budget receipts by source and outlays by agency :t
Receipts (net) total
mil $ 1 187 784 11193 743 18, 725 11,493 14, 134 15, 429
7,181
6,209
6,110
i 87,249
Individual income taxes (net)
do
90 412 9,449
524
4,484
669
4,278
• 36, 678 i 32 829
Corporation income taxes (net)
do
Social insurance taxes and contributions
4,108
2,545
2,697
2,962
(net)
mil $
•39,918 1 45 298
2,322
1,717
2,018
2,036
i 23,940 i 25 203
Other
do
15,
550
17,
640
17,
443
1 184,548 1 196,588
Expenditures and net lending, total?
do
695
353
1,157
304
i 8, 330 1 1 8 307
Agriculture Department
do
1
6,521
6,140
Defense Department, military
do
77,872
77, 150 6,160
Health, Education, and Welfare Department
4,758
5,037
4,886
mil. $,. 1 46,594 1 52, 250 4,866
1,854
1,699
1,264
1,818
i 116,924 i 19 510
Treasury Department
do
266
318
302
282
4, 247 !3 749
National Aeronautics and Space Adm
do
806
765
719
i 7, 669 i 8, 653
Veterans Administration
do
Federal Government expenditures, total... do
Purchases of goods and services
do
National defense
..do.. .
Transfer payments
do
Grants-in-aid to State and local govts
do
Net interest paid
do
Subsidies less current surplus of government
8,829
2,431
2,722
9 88°^
A A]
c AA-\
3 9ftfi
3 206
o ne-i
9 °.°.4
Qfi1
o oo i
3
4
403 863 403 742 408 736
orjo 71 Q
15, 773
15, 130
13, 205
3
21, 024
13, 190
COO
4,970
2 4 no
6,366
191
18 646
320
17 818
281
17 152
437
5,049
1,803
5,374
1,869
5,943
886
4,998
1,785
a OAQ
QOO
Qfi9
6
041
5,226
1, 816
9 °^"^
5
80Q
5,143
1,819
974
881
3 624
306
69
— 5 358
3 930
3 930
1 513
fi or 4.
o 004
—2 003
490
415 677 424 990 422, 163
308 554 315 408 313 406
22, 449
13, 198
6 519
*879
15, 652
6 920
453
19, 710
9 192
4,306
3,773
3,464
2 336
5,996
2 282
3,784
2,428
9ft 1 1 *\
18 556
2,054
5 047
19 582
1,432
5 482
18, 196
680
5,764
5,418
1,739
377
796
5, 488
1,837
291
893
5,152
1,893
273
755
fi9°.
3,990
2 ooc
2,720
40Q 4fiS
°.fi4 fi°.S
1 Q 97fi
49
4 226
I 132
ijca
o o«q
353
7,175
1,776
874
189.3
91.0
29 0
19.4
49.8
195.6
87.6
34.2
20.6
55.0
198.3
88.4
33.4
20.6
55.9
p 202. 6
••90,0
P33.9
r
21.8
P56.9
209.8
95.9
73.2
213.2
96.7
73.0
25.9
14.8
27.3
14.0
220.9
95.7
71.8
77 5
29.5
13.4
»• 223. 9
••97.4
••70. 8
*77.6
••30.1
' 14.0
57
57
4.8
'4.9
Q
o
—20 5
— 17 5
.0
-22.6
p-21. 2
RQ fi
.0
LIFE INSURANCE
Institute of Life Insurance:
215. 28
11.03
95.68
74.58
69.02
216 44
11.08
96 43
74.71
69.12
217.49
11.00
97.20
74.80
69.21
6.59
16.44
1.40
9. 29
6.64
16.52
1.46
9.31
6.73
16.59
1.38
9.29
6.75
16.68
1.44
9.35
6.81
16.78
1.46
9.44
207 25
11.07
88 52
74.38
68.73
208 21
11.03
90 13
74.37
68.78
209 88
11.13
211 50
11.02
212. 70
10.95
213 41
10. 95
73 58
67 92
205 91
11.19
88 15
73.89
68.23
74.44
68.87
74.52
68.97
74.54
68.99
6 21
15 70
1.43
8.74
6.26
15 84
1.42
8.76
6.28
15.95
1.57
8.86
6.32
16.06
1.76
9.15
6.34
16.11
1.29
8.94
6.45
16.22
1.58
9.03
6.48
16.29
1.56
8.99
6.54
16.37
1.37
9.18
10 91
11 07
90°. si
11.10
Nonfarm
do
72 03
66 25
74 38
68 73
Real estate
do
Cash
Other assets
do
do ._
5 91
13 82
1.63
8.33
6 32
16 06
1.76
9.15
••1 Revised.
*> Preliminary.
Data shown in 1969 and 1970 annual columns are for fiscal years ending June 30 of the
respective years; they include icvisicrs rot distributed to months.
74.55
69. 00
214. 28
10. 79
95. 03
74.54
68. 97
204 76
11.12
87 59
73.78
68.10
do
Government securities*
t Revisions for July 1967-Apr. 1969 for budget receipts and expenditures and for Jan.-Mir.
1969 and Jan.-May 1970 for assets of all U.S. life insurance cost will be shown later.
9 Includes data for items not shown separately.
*New series.
SURVEY OF CURRENT BUSINESS
November 1971
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1970
1969
Annual
S-19
1971
1970
Sept.
Oct.
Nov.
Dec.
Jan.
Feb. Mar. Apr. May
June
July
Aug. Sept. Oct.
FINANCE— Continued
LIFE INSURANCE— Continued
Institute of Life Insurance — Continued
Payments to policy holders and beneficiaries in
U S , total
mil. $
Death benefits
do
Matured endowments. _. _ _
._
_do_ _.
Disability payments
do
Annuity payments
do
Surrender values. _
_ . . _ do .
Policy dividends
-_
_do_ __
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) :t
Value, estimated total
_ _ . _ mil. $.
Ordinary (incl. mass-marketed ord.)
do___
Group. _
_do
Industrial., . _ _ _
_.
do
Premiums collected:
Total life insurance premiums
do
Ordinary (incl. mass-marketed ord.)
do__
Group
__ .
do-_.
Industrial
_ . do
15, 524. 5 16, 449. 4 1, 348. 1 1, 329. 9 1,231.2 1, 810. 9 1, 286. 2 1, 328. 3 1,571.7 1, 414. 4 1, 353. 7 1, 430. 0 1, 326. 7 1, 348. 6 1, 466. 5
6,758.1 7, 017. 3
567.9
550.5
681.9
567.8
609.5
638 1
565.6
591.5
702.0
519.1
611.1
635.7
592.8
952.6
978.3
77.0
81.4
81.6
84.8
73.7
80 9
80.0
95.6
85.4
78.5
76.3
87.7
81.9
204.7
232.9
21.6
20.7
18.2
18.8
17.6
25.2
20.1
23.6
23.8
19.7
20.5
19.9
20.1
1, 558. 6 1, 757. 1
146.1
122.1
160.4
164.2
161.0
154.5
166.7
168.6
148.7
161.3
157.4
149.7
164.9
2, 721. 6 2, 886. 4
235.8
222.3
229.4
233.0
241.2
232.9
262.7
275.6
231.5
216.9
249.7
243.5
234.3
3, 328. 9 3, 577. 4 299.7
247.5
268.9
293.5
645.0
321.8
283.9
254.7
308.0
246.5
284.7
275.3
267.2
159, 283
113, 500
39, 329
6,454
18,933
13, 142
3,492
1,299
2
193, 593
122, 661
264, 422
6,510
14, 075
9,652
3,860
563
14,065
10, 620
2,864
581
14, 758
10, 506
3,729
523
21, 853
12, 325
9,031
497
19, 940
14, 912
3,753
1,275
1,475
1,154
321
91
1,708
1,308
305
95
1,596
1,198
304
95
2,082
1,457
392
234
11,117
-328
330
27, 115
11,117
-6
253
14, 536
11,117
-27
618
62, 760
96.2
6.6
96.6
6.9
1,888
5,301
1.802
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end of period) ...mil. $.. 10, 367
10,732
Net release from earmark §. _ ..
do
755
-615
Exports
_
thous $
12, 287
37, 789
Imports
. _.
do
236, 905 237, 464
Production:
South Africa
mil. $
1, 090. 7 1, 128. 0
Canada
.
.do
89.1
81.8
United States
do
60.1
Silver:
"""" """
Exports
_
thous $ 1 1156, 720
27, 613
Imports
do
80, 061 64, 957
Price at New York
dol per fine oz
1.791
1.771
Production:
Canada
thous. fine oz1.
41, 926
Mexico
_
do
42, 904
United States
do
41, 552
47,483
Currency in circulation (end of period)
bil. $_.
Money supply and related data (avg. of daily fig.) :©
Unadjusted for seasonal variation:
Total money supply.__
bil $
Currency outside banks
do
Demand deposits _
do
Time deposits adjusted^
do
U.S. Government demand deposits!
do
Adjusted for seasonal variation:
Total monev supply
do
Currency outside banks
do
Demand deposits
do
Time deposits adjusted^
do
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted:
Total (233 SMSA's) Q__ratio of debits to deposits
New York SMSA
do
Total 232 SMSA's (except N.Y.)
do
6 other leading SMSA'stf
. do
226 other SMSA's
do
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade and SEC):
Net profit after taxes, all industries. .
mil $
Food and kindred products
do
Textile mill products
do
Lumber and wood products (except furniture)
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
doIII"
Dividends paid (cash) , all industries
do
Electric utilities, profits after taxes (Federal Reserve)
mil $
12, 194
8,828
2,832
536
12,580
9,615
2,401
564
17, 020
11,895
4,503
622
16, 237
11, 015
4,487
735
14,713
10, 537
3,488
688
16, 273
11,344
4,294
635
14, 097
10, 259
3,296
542
17,299
10, 767
5,970
562
15, 580
10, 499
4 490
591
10, 732
-282
10, 671
14, 223
10, 732
-32
15, 473
10, 411
10. 732
-23
2,379
37, 721
10, 732
-76
9,774
20, 296
10, 732
-38
2,614
20, 795
10, 332
-352
10, 430
35, 386
10, 332
-62
3,564
18, 469
10, 332
-50
1,955
7,259
10, 332
-262
2,861
48, 001
10, 132
94.4
6.5
89.7
6.8
91.3
7.0
89.6
6.6
94.3
6.7
91.9
6.5
91.5
6.7
'92.0
6.7
93.4
5.8
92.3
6.3
1,079
4,419
1.746
1,277
3,763
1.760
5,890
4,876
1.635
4,218
5,267
1.640
1,970
2,746
1.600
3,273
5,204
1.669
2,661
5,907
1.726
1,527
2,900
1.667
1,269
3,785
1.608
913
3.645
1.581
651
4,655
1.587
1, 580
4,134
1.421
3,380
3,707
4,262
3,735
3,336
5,280
4,699
3,535
3,985
3,867
1,016
1,718
54.0
57.1
54.8
55.0
56.4
57.1
55.3
55.6
56.3
56.6
57.4
58.4
58.6
58.9
58.8
201.5
44.8
157.0
198.8
5.6
210.0
47.7
162.3
208.4
6.4
211.4
48.2
163.1
218.4
6.8
213.0
48.5
164.5
222.5
6.1
215.3
49.2
166.1
224.6
5.6
221.1
50.0
171.1
228.7
7.1
221.3
49.1
172.1
234.5
6.6
215.5
49.2
166.3
240.3
8.3
217.4
49.5
167.8
246.9
5.4
222.2
50.1
172.1
249.2
5.5
219.7
50.5
169.2
252.1
7.8
223.6
51.1
172.5
254.4
5.4
225.8
51.9
173.9
256.4
6.8
224.7
51.9
172.7
259.1
6.8
225.7
52.0
173.8
261.4
'7.5
212. 8
48 2
164.6
218.5
213.0
48.5
164.5
222.2
213.5
48.7
164.8
225.0
214.6
48.9
165.7
230.4
214. 8
49.2
165.5
235. 3
217.3
49.6
167.7
240.9
219.4
50.0
169.4
246.1
221.1
50.5
170.5
248.3
223.9
50.9
173.0
251.4
225. 6
51.2
174.4
254.4
227.5
51.7
175.8
256.8
228.0
51.8
176.2
258.2
75.3
161.0
53.0
77.9
42.8
78.1
175.9
53.4
78.4
43.2
75.6
168.5
51.6
75.8
41.8
77.0
170.6
52.4
76.7
42.6
76.3
168.3
52.6
76.8
42.9
82.0
191 3
54.0
79.5
43.9
79.5
183.5
53.3
76.5
44.1
80.5
185.6
54.4
78.7
44.7
76.6
171.2
53.4
77.9
43.7
80.1
179.3
55.8
82.4
45.3
79.8
178. 9
55.7
82.7
'45. 2
83.7
198.7
56.0
83.4
'45.3
33, 248
2,382
621
28, 572
2,549
413
6,973
701
110
6,739
664
98
6,995
612
93
8 525
700
151
640
987
3,591
5,884
822
1,414
1,221
304
719
3,434
5, 893
627
1,297
692
93
161
849
1,437
225
280
154
55
136
799
1,633
157
234
110
88
128
907
1,524
69
210
204
160
156
1,015
1,390
289
256
351
1,326
3,138
2,594
1,066
2,689
2,349
290
657
556
187
621
676
226
520
542
330
648
663
945
2,845
4,835
15, 058
593
1,424
4,522
15,070
138
60
1,263
3,405
115
99
1,153
4,025
101
867
903
3,805
182
937
1,298
3,882
10, 132
434
22, 732
1.336
P 226. 8
52.2
174.6
265.3
5.2
227.3 P 226. 8
52.2
52.0
' 175. 4 174.6
265.0
261.6
83.0
191.7
56.3
84.0
45.4
3,186
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total
By type of security:
Bonds and notes, total..
Corporate
.
Common stock.
Preferred stock
Preliminar
be shown lIterC°m'
y.
mil $
52, 747
" 88, 665
8,199
8,353
9,040
7,651
7,438
6,523
11,070
7,244
6,969
10, 994
do
"do
do
do
44, 351
18, 348
7,714
682
79, 985
30, 264
7,292
1.388
7,495
2,814
528
17fi
7,270
2,694
903
8,142
3,283
774
6,941
3,270
541
ifift
6,949
2,627
413
5,998
2,476
424
inn
9,777
2,782
982
•J1 1
5,825
2,623
882
6,337
2,638
579
9,661
3,042
1,228
iru
ISO
l
Monthly data beginning July and annual total figures
Includes $17 2 bil SGLL
'
tRe^.sions for Jan. 1968-Feb. 1969 will
Trl?^inCrHaS^in earmarked g°ld (-)• eBeginning Dec. 1970 SURVEY, data reflect new benchmarks and changes in seasonal factors, as well as the improved handling of international
194
7ft
537
<A
r 9, 316
' 9, 346
9,445
'7,120 ' 8, 659 8,250
2, 573
' 1, 951 ' 1, 844
669
1,030
'418
1 K07
97O
IRS
transactions of specialized banking institutions. Revised monthly data back to 1959 will
be available later. ^[At all commercial banks. OTotal SMSA's include some cities and counties not designated as SMSA's. ^Includes Boston, Philadelphia, Chicago, Detroit, San
Francisco-Oakland, and Los Angeles-Long Beach.
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1969
1970
Annual
November 1971
1971
1970
Sept.
Oct.
Nov.
Dec
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
FINANCE—Continued
SECURITIES ISSUED— Continued
Securities and Exchange Commission— Continued
Estimated gross proceeds— Continued
By type of issuer:
Corporate total 9
mil $
ivlanufacturing
do
Extractive (mining)
do
Public utility
do
26, 744
6,356
1,721
6.736
38, 944
10, 513
2,082
11,017
3,518
994
193
1,241
3,777
1,006
180
1,101
4,182
1,107
186
1,350
3,980
1,056
90
955
3,115
716
118
676
3,000
661
84
1,069
6,075
2,417
111
1,452
4,042
1,135
109
1,267
3,271
789
100
588
4,375
1,206
174
1,055
' 4, 147
••582
••111
••732
'2,532
97
849
3,768
1,146
90
1,070
do
do
do
2,146
2,188
4,409
2,280
5,142
5,497
145
445
347
138
371
586
177
693
580
365
282
968
167
391
667
89
683
314
161
532
1,038
335
273
591
339
405
876
297
218
813
'219
1,622
••643
'88
'359
••511
149
282
704
do
do
do
26, 003
4,765
11, 460
49, 721
14, 831
17, 762
4,681
1,428
1,650
4,576
412
1,882
4,858
2,414
1,684
3,671
402
2,245
4,323
436
2,614
3,522
431
1,823
4,995
517
2,104
3,202
467
1,859
3,698
466
2,114
6,619
2,779
1,988
' 5, 169
1, 153
1,951
do
do
11,460
11, 783
17, 762
17, 880
1,650
2,049
1,882
1,216
1,684
2,022
2,245
2,254
2,614
1,552
1,823
1,886
2,104
2,452
1,859
2,482
2,114
1,840
1,988
2,932
1,951
1,353
1,850
1,882
mil $
do
do
1923
i 7, 445
i 2, 803
1 2 2, 286
2,236
2,163
2.197
2,286
2,452
2,743
2,798
2,660
2,500
2,440
2,210
2,200
2,100
Prices:
Standard & Poor's Corporation:
High grade corporate:
Compositecf
._ _ dol. per $100 bond
Domestic municipal (15 bonds)
do
68.6
79.0
61.5
72.3
60.8
72.7
61.3
71.9
61.9
75.0
64.7
79. 8
66.5
79.9
66.8
81.5
65.8
82.8
65.0
80.4
63.7
75.6
63.5
74.8
63.2
74.0
63.4
77.4
64.2
81.7
65.2
84.7
64.49
60.52
60.10
60.44
63.27
65.63
66.10
66.78
67.94
67.57
65.72
65.84
66.16
67. 33
69.35
70.33
4,501.18 4, 763. 27
5, 123. 47 6, 299. 55
400. 69
516. 87
417. 18
538. 59
398. 18
506. 43
648. 58
828. 96
703. 09
866. 98
710. 03
843. 48
766. 76
879. 80
766. 33
877. 50
761. 07
891. 01
667. 64
798. 58
603.44
702. 30
678. 45
789. 83
758. 11
860. 88
3, 550. 33 4, 328. 33
4, 123. 33 5, 554. 92
358. 08
443. 37
382. 93
485. 02
370. 35
460.35
605. 01
760. 03
631. 95
753. 59
624. 69
720. 88
682. 48
767. 53
688. 22
782. 02
690.89
793. 11
613. 16
727. 51
564.20
646. 00
627. 76
718. 02
694. 85
769. 97
New York Stock Exchange, exclusive of some
stopped sales, face value, total
mil. $ 3, 646. 16 4,494.86
396. 30
370. 23
404. 43
557. 12
641. 95
541.68
600.80
615. 41
574. 79
509. 87
444. 24
489. 80
478. 40
Transportation §
Communication
Financial and real estate
Noncorporate total $
U S Government
State and municipal
State and municipal issues (Bond Buyer) :
Long-term
Short -term
r474
' 6, 815 5,677
1,698
3,228
2,044
1,850
T
2, 044
' 2, 871
1,647
1,714
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)
Bonds
U.S. Treasury bonds, taxable^
-- -- - do __
Sales:
Total, excl. U.S. Government bonds (SEC):
All registered exchanges:
Market value
mil. $
Face value
do
New York Stock Exchange:
Market value
Face value
Yields:
Domestic corporate (Moody's)
By rating:
Aaa
Aa
.
A
Baa
do
do
530. 42
percent.-
7.36
8.51
8.68
8.63
8.65
8.35
8.04
7.75
7.84
7.86
8.03
8.14
8.14
8.12
7.97
7.88
do
do .
do
do
7.03
7.20
7.40
7.81
8.04
8.31
8.56
9.10
8.09
8.47
8.78
9.39
8.03
8.44
8.71
9.33
8.05
8.42
8.74
9.38
7.64
8.13
8.48
9.12
7.36
7.90
8.15
8.74
7.08
7.67
7.85
8.39
7.21
7.73
7.96
8.46
7.25
7.74
7.99
8.45
7.53
7.84
8.14
8.62
7.64
7.96
8.20
8.75
7.64
7.96
8.21
8.76
7.59
7.93
8.20
8.76
7.44
7.81
8.04
8.59
7.39
7.69
7.97
8.48
do. _.
do
do
7.25
7.49
7.46
8.26
8.67
9.04
8.40
8.80
9.10
8.35
8.74
9.06
8.37
8.77
9.06
7.95
8.45
8.96
7.57
8.17
8.70
7.24
7.94
8.39
7.36
8.08
8.39
7.43
8.05
8.37
7.68
8.23
8.40
7.80
8.39
8.43
7.85
8.34
8.46
7.80
8.30
8.48
7.64
8.12
8.39
7.58
8.04
8.25
Domestic municipal:
Bond Buyer (20 bonds)
Standard & Poor's Corp. (15 bonds)
do
do
5.79
5.81
6.34
6.50
6.39
6.45
6.40
6.55
5.41
6.20
5.58
5.70
5.16
5.70
5.34
5.55
5.15
5.44
5.69
5.65
5.70
6.14
6.19
6.22
6.05
6.31
5.39
5.95
5.24
5.52
5.11
5.24
U.S. Treasury bonds, taxable©
do
6.10
6.59
6.63
6.59
6.24
5.97
5.91
5.84
6.71
5.75
5.96
5.94
5.91
5.78
5.56
5.46
8.98
9.83
4.61
4.60
6.40
9.44
8.99
9.76
4.69
3.92
6.77
10.44
8.93
9.70
4.71
3.79
6.82
10.48
8.91
9.67
4.71
3.79
6.82
10.48
8.84
9.56
4.72
3.79
6.90
10. 49
8.85
9.57
4.73
3.79
7.13
10.49
8.91
9.64
4.74
3.82
7.28
10.52
8.84
9.54
4.74
3.82
7.28
10.57
8.84
9.55
4.75
3.82
7.28
10.57
8.85
9.57
4.78
3.82
7.28
10.57
8.85
9.55
4.78
3.85
7.28
10.57
8.85
9.57
4.78
3.84
7.28
10.57
8.82
9.53
4.78
3.84
7.28
10.57
8.77
9.43
4.78
3.84
7.28
10.66
8.76
'9.43
4.78
3.84
7.28
10.70
8.75
9.41
4.78
3.84
7.28
10.70
262. 77
313. 15
94.55
93.90
226. 70
270. 83
79.06
65.61
226. 91
272. 90
75.66
65.13
224. 96
272. 65
74.15
61.70
235. 68
285. 04
81.54
64.62
248. 66
298. 78
88.59
72.50
256. 44
306. 35
90.82
77.38
258. 89
312. 77
87.70
79.23
268.58
326. 01
89.49
80.28
277. 35
339. 59
85.82
87.10
263. 90
324. 75
81.51
83.44
261. 94
320. 58
84.95
84.56
251. 35
305. 79
83.31
81.86
262. 95
322. 28
79.70
93. 50
261. 31
320. 26
78. 81
93.32
251. 49
306. 25
82.41
86.56
Yields, composite
percent..
Industrials
_. do
Public utilities
do
Railroads
_ _
do
N.Y. banks
do
Property and casualty insurance cos . .do
3.42
3.14
4.88
4.90
3.72
3.37
3.97
3.60
5.94
5.97
4.03
4.02
3.94
3.55
6.23
5.82
3.99
4.01
3.96
3.55
6.35
6.14
4.27
4.05
3.75
3.35
5.79
5.87
4.16
3.88
3.56
3.20
5.34
5.23
4.04
3.59
3.47
3.15
5.22
4.94
4.24
3.45
3.41
3.05
5.40
4.82
4.16
3.33
3.29
2.93
5.31
4.76
3.74
3.23
3.19
2.82
5.56
4.39
3.95
3.27
3.35
2.94
5.86
4.61
4.26
3.35
3.38
2.99
5.63
4.54
4.39
3.15
3.51
3.12
5.74
4.69
4.46
3.15
3.34
2.93
6.00
4.11
4.34
3.08
3.35
2.94
6.07
4.11
4.31
3.11
3.48
3.07
5.80
4.44
4. 19
3.31
Earnings per share (indust., qtrly. at ann. rate;
pub. util. and RR., for 12 mo. ending each qtr.):
Industrials
dollars
Public utilities
do
Railroads
do
17.53
6.92
7.28
15.30
6.89
3.53
13.83
6.82
4.38
By group:
Industrials. _
.
Public utilities
Railroads
_
_.
_ _
_
Stocks
Dividend rates, prices, yields, and earnings, common stocks (Moody's):
Dividends per share, annual rate, composite
dollars..
Industrials
do
Public utilities
.
_
do
Railroads
_
_
do
N.Y. banks
do
Property and casualty insurance cos
do
Price per share, end of mo., composite
Industrials
.
Public utilities
Railroads..
do
do
do
do
2
' Revised.
» Preliminary.
1 End of year.
Because of changes in series, data
beginning July 1970 are not directly comparable with those for earlier periods.
9 Includes data not shown separately.
§ Beginning April 1971 SURVEY, data restated to include "other transportation" in addition to railroad data formerly shown.
' 18. 31
P 15.00
17.08
15.51
6.88
6.91
6.89
r
4.42
3. 09
3.53
cfNumber of bonds represented fluctuates; the change in the number does not affect the
continuity of the series.
^Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.
OFor bonds due or callable in 10 years or more.
SURVEY OF CURRENT BUSINESS
November 1971
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1969
1970
Annual
S-21
1971
1970
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Sept.
Aug.
Oct.
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks— Continued
Dividend yields, preferred stocks, 10 high-grade
(Standard & Poor's Corp.)
percent-Prices:
Dow-Jones averages (65 stocks)
Industrial (30 stocks) _ _ _
Public utility (15 stocks)
Transportation (20 stocks)
Standard & Poor's Corporation re?1
Industrial, public utility , and railroad:
Combined index (500 stocks)
1941-43=10-Industrial , total (425 stocks) 9
Capital goods (116 stocks)
Consumers' goods (184 stocks)..
Public utility (55 stocks)
Railroad (20 stocks)
.
Banks:
New York City (9 stocks) . ,
Outside New York City (16 stocks)
do. . _ .
do
do
do___do
do
do. -
Property-liability insurance (16 stocks)._do
New York Stock Exchange common stock indexes:
Composite
12/31/65=50..
Industrial
_ _
do
Transportation
do
Utility
.
do
Finance
_ _
do
6.41
7.22
7.31
7.33
7.30
6.88
301. 35
876. 72
123. 07
221. 02
243. 92
753. 19
108. 75
152 36
240. 57
759. 38
108. 79
141.25
245. 02
763. 72
106. 68
152. 66
246 16
769. 23
110. 98
148 37
263. 81
821. 51
118. 88
160. 34
279
849
124
180
62
04
86
85
6.32
290
879
123
193
14
69
77
79
6.48
6.59
6.82
6.99
7.03
7.04
6.90
6.75
296 67
901 29
123. 22
200 55
309 11
932 54
122. 92
217 16
307 39
925 49
117. 75
221 10
300. 23
900.43
114. 36
217. 96
294. 95
887.81
118. 12
214. 94
297. 74
875. 40
113.28
222. 89
308. 38
900.74
111.20
241. 26
302. 19
872. 15
113. 76
236. 52
97.84
83.22
82.58
84.37
84.28
90.05
93.49
97.11
99.60
103.04
101. 64
99.72
99.00
97.24
99.40
97.29
107. 13
103. 75
87.06
62.64
45.95
91.28
87.87
80.22
54.48
32 13
90.66
84.96
79.65
54.44
29.14
92.85
87.90
82.12
53.37
31.73
92.58
86.47
83.09
54.86
30 80
98.72
92.12
88.69
59.96
32.95
102. 22
95 97
91.72
63.43
36 64
106. 62
101. 58
95.38
62.49
38.78
109. 59
104.69
98.54
62.42
39.70
113. 68
109.38
102. 41
62.06
42.29
112.41
108 61
101. 96
59.20
42.05
110. 26
105. 46
100. 96
57.90
42.12
109.09
102. 46
100.55
60.08
42.05
107. 26
100.90
99.82
57.51
43.55
109. 85
104. 55
103. 34
56.48
47.18
107. 28
100.66
101. 31
57.41
44.58
45.39
87.73
43.83
77.06
45.22
79.49
43.51
79.39
42.66
77.37
45.11
81.13
46 88
87.48
45.96
86.58
48.02
89.58
49.05
93.01
46 24
88.82
44.68
85.97
44.54
85.83
42.97
85.08
45.10
85.09
45.91
84.98
85.43
78.34
77.07
81.56
79.73
88.33
95.96
101. 59
103. 88
112. 76
114. 06
119. 24
126. 23
123. 73
127. 11
120. 71
54.67
57.44
46 96
42 80
70.49
45.72
48 03
32 14
37 24
60 00
45.10
47.43
30 43
36 74
60 13
46.06
48.87
32 38
36 01
59.04
45.84
48 54
31 23
36 71
57 40
49.00
51.68
33 70
39.93
61.95
51.29
53 72
37 76
42 52
66 41
53.42
56 45
40 37
42 30
68 19
54.89
58 43
41 71
41 60
70 66
56.81
60 65
45 35
41 73
73 91
56.00
60 21
45 48
39 70
70 89
55.06
59.25
44 90
38 71
70.01
54.83
58 70
44 02
39 72
70 42
53.73
57.62
44.83
38.17
69. 41
54.95
59.13
48 09
37 53
72 14
53.76
57.52
47.02
37.93
71.24
130 531
4 567
11 027
12 176
9 239
13 715
13 769
17 234
18 721
18 678
16 670
15 186
15,327
409
460
12 833
462
13 563
535
103, 063
3 213
8,721
13 368
12, 249
10, 903
12,271
337
296
337
10, 165
395
2,937
303
262
230
253
280
612 49
15, 522
579 75
15, 930
570. 41
15,981
598 64
16, 023
709. 00
17, 032
681. 17
17, 170
Sales:
Total on all registered exchanges (SEC):
Market value
mil $
175 298
Shares sold.millions
4,963
On New York Stock Exchange:
Market value
mil. $
129,603
3 174
Shares sold (cleared or settled)
millions
New York Stock Exchange:
Exclusive of odd-lot and stopped stock sales
(sales effected)
millions-2,851
Shares listed, N.Y. Stock Exchange, end of period:
Market value, all listed shares
bil $
Number of shares listed
millions_-
6.53
629.45
15, 082
427
304
458
324
9,701
7,308
329
234
510
601
11, 036
13, 628
14, 661
375
428
14 850
397
415
335
349
371
390
402
303
304
265
321
612. 49
15, 522
668 01
16, 100
678. 13
16, 181
709 33
16, 306
734 34
16,375
706 82
16, 471
709 59
16, 663
684 56
16, 797
711.93
16, 915
470
11, 289
350
581
581
402
286
i
FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Value of Exports
Exports (mdse.), incl. reexports, total
mil. $._ 38, 005. 6 43, 224. 0 3, 374. 0 3, 975. 3 3, 544. 8 3, 736. 9 3, 532. 3
Excl. Dept. of Defense shipments
Seasonally adjusted
By geographic regions:
Africa
Asia
Australia and Oceania
Europe
3, 558. 3 4, 156. 0
3, 850. 6 3 ,970. 4
3, 740. 0 3, 397. 7 3, 423. 8 4, 264. 9
3, 527. 0 4, 107. 9
3, 689. 7 3,814.6
3, 806. 6 3,913.5
3, 522. 3 3,782.6
3, 685. 5 3, 340. 0 3, 366. 2 4, 225. 1
3, 660. 6 3, 494. 5 3, 677. 7 4, 510. 6
do
do
37, 331. 7 42, 659. 3 3, 335. 2 3, 916. 7 3,494.1 3, 685. 2 3, 481. 8
3, 553. 4 3, 688. 7 3, 499. 3 3, 570. 2 3, 735. 4
do
do
do
do
173.2
121.5
1, 391. 6 1, 579. 1
160.1
139.3
131.3
139.4
149.2
137.2
142.6
151.7
163.8
131.6
141.7
981.5
786.5
921.4
8, 261. 4 10, 022. 8
818.7
708.1
960.3
842.9
903.1
889.6
823.8
704.1
821.7
930.8
104. 9
94.2
156.6
103.3
997.9 1, 188. 2
85.8
93.3
105.8
83.5
88.9
90.7
130.6
103.6
73.8
12,641.6 14, 818. 6 1, 126. 7 1, 342. 1 1, 220. 0 1, 282. 0 1, 223. 1 1, 193. 6 1, 512. 0 1, 303. 0 1 ,324. 4 1, 149. 5 1, 120. 0 1, 114. 9 1, 421. 1
Northern North America
Southern North America. . _
South America __ _
do
do
do
9, 137. 6
2, 761. 1
2,814.4
9, 084. 8
3, 287. 4
3, 245. 5
741.7
253.7
249.8
770.1
320.1
333.7
709.3
286.8
267.2
712.1
273.9
285.7
686.4
246.6
292.7
768.6
244.8
262.1
943.5
274.7
282.8
883.8
271.9
281.7
936.0
267.1
306.8
999.1
265.4
273.8
740.7
272.8
302.8
777.4
259.6
295.5
908.0
310.0
366. 1
By leading countries:
Africa:
United Arab Republic (Egypt)
Republic of South Africa
do
do
67.2
505.5
80.7
562.7
5.0
48.1
4.1
48.7
7.6
48.7
5.5
44.4
10.3
53.4
6.0
56.8
3.0
50.9
4.2
44.0
3.8
46.7
2.7
49.2
10.3
50.2
2.5
47.3
5.7
65.2
do
do
do
do
860.0
517.1
194.9
50.8
1, 003. 1
573.2
325.4
66.6
78.4
37.0
18.3
5.3
137.4
52.0
33.8
4.8
80.0
40.2
17.0
5.0
70.3
56.8
45.2
6.8
74.6
49.7
28.8
6.1
91.9
48.0
19.4
5.3
77.5
61.7
30.2
5.0
91.7
87.1
16.9
5.0
64.6
78.3
18.8
5.1
72.7
49.5
11.6
9.5
81.8
52.1
16.7
4.4
119.7
45.9
15.6
6.0
91.7
63.7
29 4
8.9
do
do
do
201.1
374.3
3, 489. 7
264.4
373.2
4, 652. 0
17.5
27.0
385.2
27.4
33.7
424.4
32.8
29.4
386.1
23.7
26.2
431.8
25.2
23.0
364.2
22.0
31.0
364.9
18.3
30.8
364.2
17.3
30.4
331.2
27.2
29.8
370.5
25.6
36.6
303.4
21.4
25.5
261.0
18.9
25.0
299. 7
34.4
34.6
371.2
do
do
do
1, 195. 1
32.4
2, 142. 1
1, 484. 3
32.5
2, 740. 2
110.2
3.1
211.3
127.1
3.0
260.4
107.2
.5
218.7
132.9
3.8
222.0
122.8
4.3
219.0
105.1
2.9
221.1
144.6
2.2
254.3
124.7
1.5
298.1
131.4
.7
274.4
113.6
1.2
219.0
108.3
.3
240. 9
109.9
.2
217.1
132.7
1.8
259. 9
do
do
do
1, 261. 5
105.5
2, 334. 6
1, 352. 8
118.4
2, 536. 8
88.1
12.2
200.9
111.6
11.7
'.36. 9
97.1
9.3
220.8
121.1
16.6
208.9
108.6
11.6
207.6
123.9
11.3
215.9
123.6
18.4
283.7
119.5
12.2
189.4
143.6
8.0
194.4
92.2
11.0
179.0
87.1
12.8
164.4
96.3
10.8
156. 3
120.8
14.9
240.4
.do. .. 9. 137. 0
9. 083. 8
741.7
770.1
709.3
712.1
686.3
768.6
943. 5
883.8
934.6
999.1
740.7
777.4
908.0
Asia; Australia and Oceania:
Australia, including New Guinea
India .
Pakistan ___
Malaysia
L
Indonesia
Philippines
Japan
_..
Europe:
France _ _ _ _ _ _
East Germany
West Germany
Italy
Union of Soviet Socialist Republics
United Kingdom.
.
North and South America:
Canada
r
__
Revised.
ofNumber of stocks represents number currently used; the change in number does not
affect continuity of the series.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1969
1970
1970
Sept.
Annual
November 1971
Oct.
1971
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
477.8
29.1
72.9
19.3
29.5
135.7
70.0
502.5
32.9
88.9
20.2
35.1
135.5
70.7
487.2
32.9
80.2
20.4
31.1
126.5
76.0
584.2
47.1
107.5
24.5
37.5
134.8
82.3
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE — Continued
Value of Exports— Continued
Exports (mdse.), incl. reexports— Continued
By leading countries— Continued
North and South America— Continued
Latin American Republics, total 9
Argentina
_____ _
Brazil
Chile
_ _
Colombia
^Mexico
Venezuela
Exports of U.S. merchandise, total
Excluding military grant-aid
Agricultural products, total
Nonagricultural products, total
__
mil. $.. 4,869.2
378.3
do_
672.0
do
314.6
do
302.8
do
1,449.5
- do
708.2
do.
5, 696. 2
441.5
840.6
300.4
394.9
1, 703. 7
759.3
37, 461. 6
36, 787. 7
5, 936. 4
31, 525. 2
42, 593. 3
42, 028. 5
7, 173. 7
35, 419. 6
3, 732. 7
199.4
2, 127. 1
4, 349. 2
174.8
2, 588. 4
-do
do
do
do
By commodity groups and principal commodities:
Food and live animals 9
mil. $
Meats and preparations (incl. poultry) _ _ do
Grains and cereal preparations
do
445.0
39.4
64.2
21.4
24.2
134.5
63.2
568.4
42.4
115.8
22.4
35.1
161.3
76.6
476.9
28.2
71.8
25.8
32.2
147.1
61.0
490.0
40.1
77.2
22.7
35.9
145.6
61.3
474.6
41.1
03.5
21.3
28.5
125.4
54.9
444.0
31.1
70.7
17.6
34.7
129.4
62.4
487.3
29.0
77.5
19.0
39.0
144.2
66.9
484.3
34.6
80.0
18.5
31.5
137.3
71.8
501.5
38.9
88.0
18.4
32.9
135.1
79.9
, 321. 4 3, 902. 4 3, 495. 7 3, 686. 1 3,484.1 3, 501. 7 4, 106. 6 3, 807. 7 3,911.2 3, 679. 2 3, 352. 3 3, 376. 7 4, 209. 5
, 282. 6 :'-, 843. 9 3, 445. 0 3, 634. 4 3,433.6 3, 470. 4 4, 058. 5 3, 763. 8 3, 854. 3 3, 624. 7 3, 294. 7 3,319.1 4, 169. 7
719.5
724. 1
561.1
671.6
715.9
746.1
635.7
623.6 i 605.6
579.0
633.5
546.0
749.8
, 760. 4 3, 178. 3 2, 776. 2 2,939.9 2,812.5 2, 866. 0 3, 390. 7 3, 174. 2 3.287,6 3, 073. 6 2, 773. 3 2, 830. 7 3, 459. 6
363.9
18.1
216.1
459.0
17.9
289.6
419.6
19.7
252.9
405.1
13.7
254.5
382.7
12.8
233.1
356.0
13.4
222.5
388.2
16.8
226.0
343.0
14.3
195.8
358.6
15.9
213.2
334.9
15.0
172.3
323.6
13.3
184.2
308.5
18.1
170.8
444.9
17.4
277.6
Beverages and tobacco
do
713.5
701.7
64.7
75.8
92.5
80.1
56.6
47.0
67.0
57.9
64.3
60.0
61.4
74.4
122.7
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
3, 568. 6
280.2
822.4
710.7
4, 608. 5
372.2
1, 215. 8
938.2
344.2
11.1
83.7
86.1
419.5
22.9
128.3
85.7
409.3
32.7
135.8
71.2
448.9
46.8
141.3
69.2
382.9
57.6
106.1
56.2
363.8
59.5
101.5
38.1
409.4
74.6
110.2
45.7
381.9
62.4
102.9
48.2
353.2
44.6
92.8
45.2
361.5
44.5
110.0
40.3
298.4
31.2
109.2
39.8
302.5
24.4
102.7
35.4
369.2
47.8
93.7
53.2
Mineral fuels lubricants, etc. 9
Coal and related products
Petroleum and products
do
do
do
1, 130. 2
636.3
433.3
1, 594. 1
1, 044. 1
487.3
147.3
102.0
40.3
169.6
113.7
50.3
132.1
88.4
39.0
161.9
106.9
47.2
119.5
76.8
35.7
121.4
77.9
37.4
130.1
82.5
43.0
'141.8
86.4
50.0
147.7
99.8
42.7
133.5
89.1
41.0
107.1
65.0
36.6
167.3
117.3
45.6
158.2
106.7
45.4
307.6
493.0
44.0
40.3
32.5
56.0
51.7
51.5
56.5
54.2
49.2
49.3
62.7
45.4
58.1
Chemicals
do
3, 382. 6
3, 826. 1
286.0
325.7
284.4
306.0
279.7
295.6
335.6
323.9
338.8
347.9
368.0
385.4
424.7
Manufactured goods 9
Textiles
Iron and steel
Nonferrous base metals
do
do
do
do
4, 554. 0
575.6
972.9
711.5
5, 067. 0
603.2
1,270.1
892.5
380.6
46.7
86.9
63.0
411.0
53.7
84.7
73.3
375.5
49.7
81.3
56.6
387.8
51.4
77.5
67.5
372.9
53.3
70.5
64.0
357.2
46.8
60.3
59. 8
404.5
56.3
67.9
61.4
388.6
53.9
65.8
60.2
380.8
53.7
65.3
57.5
390.4
50.0
72. 7
54! 1
353.3
50.1
72.1
35.3
352.2
56.0
57.4
36.7
436.3
67.9
70.7
51.7
Animal and vegetable oils, fats, waxes _ do
Machinery and transport equipment, total
mil. $.. 16, 402. 8 17, 875. 4
Machinery total 9
Agricultural
Metalworking
Construction excav and mining
Electrical
Transport equipment total
Motor vehicles and parts
Miscellaneous manufactured articles
Commodities not classified
Value of Imports
General imports total
Seasonally adjusted
By geographic regions:
Africa
Asia
Australia and Oceania
Europe
Northern North America
Southern North America
South America
By leading countries:
Africa:
United Arab Republic (Egypt)
Republic of South Africa
Asia; Australia and Oceania:
Australia, including New Guinea
India
Pakistan
__
Malaysia
_
„
Indonesia
_____ _ _ _ _ _
Philippines
Japan
Europe:
France. .
East Germany
West Germany-. _
Italy
Union of Soviet Socialist Republics
United Kingdom .. _
__
North and South America:
Canada
Latin American Republics total 9
Argentina
Brazil
Chile
Colombia
Mexico
Venezuela _
" Revised.
do
do
do
do
do
do
do
do
do
9, 864. 0
644.4
343.4
1, 248. 0
2, 677. 0
6, 538. 8
3, 787. 3
2, 445. 7
1,224.0
do
do
36, 042. 8 39,951.6
do
do
do
do
1,046.3 1,110.6
8, 275. 4 9, 625. 9
828.4
870.9
10, 333. 6 11,400.9
do
do
do
10,386.9 11,093.9
2, 516. 8 2, 881. 4
2, 643. 1 2, 955. 4
, 363. 7 1,654.2 1,419.1 1, 472. 7 1,489.3 1, 580. 7 1, 948. 3 1, 728. 1 1, 840. 1 1, 633. 0 1,421.8 1, 383. 0 1,815.5
978.8
956. 3 897.0 1, 073. 6 1,012.3
994.7
904.4 1, 059. 3 928.2
908.3
959.2
861.9 1, 100. 6
46.0
48.1
44.1
61.4
53.2
58.2
44.8
51.7
49.6
38.2
60.7
53.2
59.1
31.7
29.3
35.4
34.9
42.5
32.3
30.8
33.3
29.8
32.6
27.7
31.1
36.7
117.0
113.1
135.1
116.9
108.5
126.6
112.4
128.9
110.3
143.2
98.0
111.9
140.0
253.5
232.1
264.5
261.6
264.9
255.0
277.6
244.3
236.7
255.1
238.4
246.9
291.7
491.0
683.7
874.7
493.9
532.9
845.4
459.4
594.8
513.5
521.1
715.8
673.8
714.8
251. 9
339.8
412.6
288.0
393.7
260.9
320.3
289.7
358.7
271. 8
280.0
415.7
416.3
214.9
211.5
248.1
232.1
211.2
229. 8
208.1 209.4
221.1
231. 2
232.8
233.4
258.0
115.6
116.9
119.0
139.4
159.4
117.6
146.5
115.8
157.1
134.9
125.3
135.3
122.0
3,451.9 3, 598. 9 3, 405. 8 3, 555. 5 3, 422. 0 3, 193. 8 3,911.5 3, 897. 6 3, 844. 9 4, 283. 1 3, 699. 1 3, 847. 2 4, 253. 7
3,428.2 3, 500.5 3, 428.4 3,404.3 3, 686. 3 3, 553. 4 3. 569. 2 3, 757. 8 3, 987. 6 4, 023. 2 3, 798. 6 3, 937. 4 4, 245. 2
96.0
87.4
98.0
91.8
82.8
851.4
902.4
836.4
932.8
841.3
75.6
57.1
74.1
62.8
88.0
915.3 1, 033. 9 1, 033. 6 1, 025. 4 1,006.4
80.2
784.0
45.0
907.2
916.9
204.8
256.2
1,019.9
227. 5
249.5
941.3
217.1
225.4
978.3
261.6
266.0
906.1
236.4
265.2
937.3
245.2
191.3
113.1
94.7
106.1
104.3
96.3
113.3
134.7
979.5
890.2
935.1 1, 119. 2
851.5
934.8 1, 104. 0
68.6
63.2
76.7
83.4
86.3
88.1
120.4
1,152.8 1, 108. 1 1,114.8 1,216.4 1, 185. 1 1, 197. 7 1,216.8
1,140.1 1, 081. 5 1, 105. 8 1,217.0
968.3
961.1 1,116.4
278.8
300. 9
269.6
242.2
260.0
230.9
222.9
263.4
266. 2
233.2
306.0
276.7
280.3
335.5
37.8
246.3
22.9
288.0
1.5
27.9
17i 6
.5
22. 7
.2
31.4
.4
20.9
1.4
20.2
2.5
25.4
2.4
19.5
.9
33.5
.7
28.8
.7
19.2
2.1
17.7
4.3
30.4
do
do
do
do
__do_.
do
do
595.0
344.0
73.1
307.4
193.7
422.6
4, 888. 2
622.7
298.1
80.2
270.2
182.2
475.9
5, 875. 3
55.4
17.5
4.3
23.4
14.5
59.1
571.9
51.1
31.3
6.1
21.0
17.5
41.8
565.8
45.8
26.1
7.6
20.5
15.6
35.4
529.4
56.2
25.9
8.3
29.7
18.4
48.1
488.9
41.6
28.7
9.0
22.0
16.4
26.6
551.0
34.2
21.4
6.5
16.5
14.6
30.3
488.9
41.2
25.4
10.8
21.9
17.3
33.5
555.1
45.8
26.9
7.0
22.6
17.6
47.0
614.5
55.3
28.0
3.2
19.9
18.8
38.4
574.5
57.4
31.7
4.2
32.2
17.5
48.8
685.1
63.4
26.2
4.7
13.9
17.4
39.8
490.6
52.2
30.2
6.8
30.1
21.4
41.8
530.4
89.0
41.9
8.8
24.3
20.7
47.2
649.4
_do
do
do
do
do
.do
842.2
8.0
2, 603. 4
1,203.7
51.5
2, 120. 4
942.1
9.4
3, 129. 6
1,316.1
72.2
2, 195. 8
71.4
.5
271. 0
97.6
2.9
175.4
82.4
9
277.3
112.3
2. 9
212.7
88.9
1.0
292.0
104.1
5.9
203.0
95.0
.9
290.1
114.7
6.7
185.6
89.5
1.1
294.5
117.7
3.7
184.4
79.1
267'. 2
102.2
3.8
155.1
98.2
1.1
313.9
125.5
7.6
216.6
94.2
.8
313.6
121.0
5.0
205.2
102.3
.9
299. 5
109. 9
6.4
230.2
108.8
.8
336.6
128.1
6.1
246.6
101.4
.9
336.0
128.1
5.1
222.9
102.5
.9
347.6
149.4
3.7
235.5
98.7
1.0
356.8
120.9
5.3
235.4
10, 383. 6 11,091.1
916.5
1,019.0
941.3
978.3
906.0
937.1 1, 140. 0 1,081.3 1,105.7 1,216.7
967.7
961.0 1, 115. 1
371.5
18.3
56.0
14.4
18.4
80.6
86.4
383.3
18.2
63.1
14. 1
16.5
93.1
80.9
358.0
11.9
66.3
10.1
15.8
91.9
75.3
418.9
12.2
49.6
15.2
22.0
110.1
105.2
407.4
9.7
89.6
10.4
19.1
99.8
87.1
355.8
9.7
44.4
8.6
15.4
110. 9
76.4
450.1
13.5
59.8
9.7
23.2
124.2
107.9
406.3
17.4
76.7
9.4
27.4
83.4
100.2
449.0
20.6
100.1
6.8
22.6
88.9
104.0
do
do
do
do
4, 213. 8
do
155.3
do
616.7
do
151.4
do
240.4
do
1, 029. 3
d o .
940.1
9 Includes data not shown separately.
11.371.6
628.1
395.7
1,422.4
2, 999. 7
6, 503. 8
3, 549. 3
2,571.4
1,507.0
4, 779. 2
171.8
669.4
154.0
268.9
1, 222. 4
1. 082. 1
452.6
15.5
38.2
14.5
20.0
126.3
135.3
405.4
10.6
46.8
5.7
20.3
114.4
104.8
441.8
15.9
81.7
7.1
22.0
105.0
107.4
461.8
22.5
103.1
14.7
26.7
88.2
102. 5
Oct.
SURVEY OF CURRENT BUSINESS
November 1971
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1969
1971
1970
1970
Annual
S-23
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value of Imports— Continued
General imports— Continued
By commodity groups and principal commodities:
Agricultural products, total
mil. $
Nonagricultural products, total
__do
4,953.7 5, 664. 9
454.7
461.1
434.9
422.0
534.7
484.9
500.8
555.3
31,089.1 34,298.3 2, 939. 5 3, 137. 8 2, 970. 9 3, 020. 8 2, 937. 0 2, 771. 8 3, 410. 7 3, 342. 3
625.0
529.8
555.9
479.7
487.3
3365. 2 3,753.4 3,211.8 3, 291. 3 3, 628. 7
Food and live animals 9
do
4,530. 6
Cocoa or cacao beans
_do
168.2
Coffee
.do _ _
893.9
Meats and preparations
do
863.7
Sugar
__
__
do
638.2
Beverages and tobacco
do
777.8
Crude materials, inedible, exc. fuels 9 - do. __ 3, 460. 1
Metal ores
_
do
1,012.5
Paper base stocks
do
520.8
Textile
fibers
do
260.1
Rubber
_
_.
__
__
do
279.5
5, 378. 9
200.7
1, 159. 5
1, 014. 5
729.1
855.0
3, 312. 2
1, 148. 9
501.9
201.7
236.5
447.8
15.4
83.8
91.3
80.9
63.5
301.5
117.1
37.2
13.2
18.7
459.3
17.5
103.9
86.0
53.4
87.9
275.7
98.2
40.8
10.2
17.7
423.2
9.8
95.8
75.9
44.5
95.0
266.0
98.7
39.2
10.2
18.4
488.5
18.1
83.6
82.7
76.2
86.9
267.8
91.9
44.4
13.2
18.9
459.7
30.1
124.1
70.2
45.6
63.1
235.4
71.4
37.4
13.0
17.2
385.7
14.5
86.7
64.8
33.9
56.2
208.2
51.1
38.0
12.9
17.2
458.7
14.8
81.3
87.6
67.4
69.0
309.6
94.8
49.9
16.0
15.4
522.1
17.3
110.4
83.7
81.1
70.4
281.6
86.1
44.0
16.0
15.1
446.1
9.9
95.2
79.5
58.8
74.6
297.7
105.2
39.8
13.1
17.1
500.7
15.6
102.3
105.0
69.9
92.7
352.3
126.7
49.2
12.3
25.4
482.1
16.0
113.8
94.6
C8.1
83.1
323.6
125.4
37.8
14.2
16.8
529.4
12.5
141.3
102.0
81.3
86.9
305.0
97.2
43.5
17.6
23.9
610.7
12 9
142'.
7
198 9
98.8
104.4
308.4
81.2
40.0
16.2
19.2
Mineral fuels, lubricants, etc
Petroleum and products.
Animal and vegetable oils and fats
Chemicals
do
2, 794. 0
do
2, 559. 9
do
136.7
do _ _ _ 1,228.3
3, 080. 8
2, 770. 0
159.6
1, 450. 3
240.4
216.0
9.2
111.9
255.0
229.2
16.0
130.8
239.1
212.8
11.3
119.8
311.1
279.4
21.3
121.3
267.6
237.0
11.9
124.0
255.8
219.5
15.5
125.4
315.6
283.8
16.1
145.5
269.3
234.5
17.6
150.4
297.0
264.3
15.8
150.4
303.0
268.0
13.9
142.3
303.8
275.6
12.0
138.6
327.2
298.7
11.0
148.1
333.1
303.0
17.6
165.9
do
do
do
do
do
7, 892. 9
1, 809. 1
939.0
1, 534. 2
1, 018. 5
8,437.4
2,032.0
929.6
1, 652. 7
1, 135. 4
736.1
189.7
76.5
150.9
84.5
768.6
203.5
79.9
136.0
104.0
762.0
239.5
78.1
120.7
99.4
754.4
199.9
93.5
146.7
95.9
719.9
193.7
76.0
123.1
110.0
636.1
180.8
62.6
105.9
97.6
795.7
190.0
83.8
136.4
127.1
824.0
208.1
89.6
152.7
128.4
851.4
260.8
83.2
130.3
120.9
948.2
300.0
85.2
149.5
132.3
783.0
254.3
74.2
122.9
113.2
812.5
236.7
75.6
135.8
112. 8
896. 2
259.3
88.2
149 4
134.0
do
do
do
do
9, 762. 7 11,171.3
4,488.9 5, 289. 3
182.7
163.7
1, 948. 2 2,271.9
912.0 1,015.8
442.4
477.6
10.3
10.9
210.0
218.2
975.2
450.2
11.5
204.6
986.7 1, 033. 2 1, 032. 0 1, 236. 9 1, 200. 6
473.3 468.6
413.9
526.9
532.8
13.5
9.5
10.9
9.1
10.7
166.4
194.8
191.6
211.9
217.6
5, 273. 8
4, 618. 4
4, 127. 2
1,332.4
5, 882. 0
5,066.6
4, 843. 9
1,273.8
469.6
402.8
453.8
118.1
538.2
470.4
469. 2
120.8
525.0
459.4
406.1
108.3
513.5
440.7
402.5
115.0
564.7
477.9
389.4
117.6
618.1
535.5
369.5
109.4
709.9
617.2
442.2
122.1
667.8
562.0
436.5
125.0
692.8
599.1
416.0
127.3
751.2
652.5
492.8
124.1
513.8
443.9
453.3
132.6
588. 9
504.2
474.7
120.5
104.7
114.5
119.9
110.7
123.9
137.2
111.5
115.3
126.5
111.5
134.9
150.5
110.6
121.9
134.9
112.3
126.7
142.3
114.2
117.7
134.4
114.8
118.3
135.9
115.7
137.4
158.9
116.2
126.8
147.4
114.6
131.7
150.9
112.8
125.8
141.9
113.2
114.0
129.0
113.0 pl!3. 4
115.0 ' 144. 0
130.0 p 163. 3
104.2
128.7
134.1
111.6
133.1
148.6
113.6
135.6
154. 1
113. 6
141.4
160.6
113.7
133.7
152.0
114.2
138.9
158.7
115.3
132.4
152.7
115.9
123.0
142.5
117.9
148.0
174.6
116.1
149.9
173.9
116.9
146.7
171.6
117.2
163.1
191.1
117.8
140.2
165.1
118.0 p 117. 0
145.5 p 162. 2
171.7 p 18!). 8
199, 286
19,915
239, 774
24, 394
20, 818
1,920
23, 745
2,283
20, 034
2,057
21, 455
2,141
17, 431
1,964
16, 003
1,867
16,934
2,129
17,923
2,045
18, 730
2, 029
17, 844
1,929
15, 698
1,857
18, 182
1,865
288, 620
21, 570
299, 168
24, 728
25, 518
2, 153
25, 202
2,210
23, 045
2,129
27, 150
2, 179
21,448
2,155
16, 998
1,908
29, 103
2,347
25, 157
2,399
27, 363
2,381
29, 567
2, 710
27, 546
2,365
28, 528
2, 379
11 17
49 1
1 519
10 84
46 2
1 483
12 09
50 7
1 605
13 66
54 5
1 775
14 06
55 8
1 840
11.14
47 4
1 573
9 01
8 39
9 44
10 30
10 74
8.32
181
59
186
55
185
54
211
53
223
54
1 99
2 16
2 46
2 65
3 31
2.81
113
52
111
48
109
47
3 37
116
55
477
499
35
123
46
127
44
139
44
26.5
536
26.6
504
26.6
484
26.6
471
26.6
416
26.7
422
26.7
444
Manufactured goods 9
Iron and steel
Newsprint
Nonferrous metals
Textiles
..
..
__
_
...
Machinery and transport equipment
Machinery, total 9 _ _
Metal working
Electrical
Transport equipment
__ do
Automobiles and parts
do
Miscellaneous manufactured articles
do
Commodities not classified
do
Indexes J d71
Exports (U.S. mdse., excl. military grant-aid):
Unit value
1967 = 100..
Quantity
. .
do
Value
do
General imports:
Unit value
do
Quantity
. . do
Value
do
Shipping Weight and Value
Water borne trade:
Exports (incl. reexports):
Shipping weight
thous. sh. tons..
Value
...
mil $
General imports:
Shipping weight
thous. sh. tons..
Value.
_
mil $
1168. 5 1,313.2
561.9
475.6
11.2
9.4
239.7
204.0
986.9 1, 031. 7 1,219 8
523.8
442.8
473.1
8.8
8.6
8.4
222. 6
185.3
187.6
696. 0
600.6
485. 0
112.6
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers (Scheduled Service)
Certificated route carriers:*
Passenger-miles (revenue)
bil
125 42 1131 72
Passenger-load factor §
percent
50 0
49 7
Ton-miles (revenue) , total J
mil
16 898
18 167
Operating re venues 9
_.
mil $
8,791 i 9, 290
Passenger revenues
do
7,120 i 7, 627
Freight and express revenues
do
750
686
Mail revenues
do
306
296
Operating expenses
do
8,403 i 9, 247
Net income after taxes
do
i 54
— i 201
Domestic operations:
Passenger-miles (revenue)
bil i 102 72 i 104 16
Express and freight ton-miles
""mil" 1 2, 126 1 2, 216
1
Mail ton-miles
._
do
i 715
807
1
Operating revenues...
mil $
6
936 1i 7 180
J
Operating expenses
do
6 613
7, 181
Net income after taxes
do
131 -i 184
International and territorial operations:
i 27 56
Passenger-miles (revenue)
bil
i 22 70
Express and freight ton-miles
"mil" i 11 224
11 299
Mail ton-miles
do
544
1766
Operating revenues
..
mil. $ i 1, 855 12 109
Operating expenses..
__ ..
do
1 1, 790 i 2, 066
i 23
Net income after taxes
do
— i 17
Local Transit Lines
Fares, average cash rate
Passengers carried (revenue)
r
cents
mil
24.3
6,310
25.7
5,903
10 90
48 2
1 497
2 541
2 139
192
71
2 387
60
9 98
45 0
1 439
8 23
182
56
1 897
1 835
7 90
187
63
9 20
43 6
1 334
10 53
46 0
1 409
q 06
43 5
1 260
7 48
162
63
8 94
178
87
172
71
8 45
147
59
7 26
147
55
1 729
1 820
—121
(2)
10 17
43 7
1 428
2 181
1 789
2 332
— 160
— 177
8 18
177
63
175
61
1 704
1 833
— 125
2 67
113
56
644
552
60
2 08
126
65
1 72
110
78
1 99
106
89
489
536
56
96
54
101
51
25.8
483
26.0
509
26.2
473
26.4
499
26.4
460
26.4
440
Revised.
v Preliminary.
i Annual total reflects revisions not distributed to monthly
data.
2 For 3d quarter 1970, loss $386 thousand.
J Trade in silver is included in value and quantity indexes for 1968 and all indexes thereafter.
ci^New base; comparable data for earlier months will be shown later.
9 Includes data not shown separately.
§Passenger-miles as a percent of available
seat-miles in revenue service; reflects proportion of seating capacity actually sold and utilized.
TApplies to passengers, baggage, freight, express, and mail carried.
10 94
48 2
1 554
2 218
1 782
189
90
2 355
2 08
1 80
*New series. Source: Civil Aeronautics Board. Certificated route industry covers passengercargo (including local service, helicopter, and other carriers) and all-cargo carriers. Operations between the 48 States and Alaska and Hawaii are included in domestic operations.
Selected revenues by type (as shown for total industry) and all traffic statistics cover scheduled service only; total revenues, expenses, and income for all groups of carriers also reflect
nonscheduled service.
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1970
1970
1969
Annual
November 1971
Sept.
Oct.
1971
i
Nov. | Dec.
Jan.
Mar.
Feb.
Apr.
May
June
July
Aug.
Sept.
127.6
128.7
121.5
Oct.
TRANSPORTATION AND COMMUNICATION—Continued
TR ANSPORTATION— Continued
Motor Carriers (Intercity)
Carriers of property, class I (qtrly. total):
Number of reporting carriers
_
_
_ _
Operating revenues total
mil. $
Expenses total
do
Freight carried (revenue)
mil. tons
Freight carried, volume indexes, class I and II
(ATA):
Common and contract carriers of property
(qtrly )o"
average same period, 1967=100 .
Common carriers of general freight, seas, adj.f
1967=100.Carriers of passengers, class I (qtrly.): §
Number of reporting carriers
Operating revenues, total
mil. $..
Expenses, total
do
Passengers carried (revenue) __ . _ _ _ _ -mil
1
1,289
10, 482
10,036
560
1,373
2,951
2,784
144
114.8
112.4
114.7
113.6
111.1
115.8
i 71
679.0
596.2
178.7
171
722.2
638.4
173.5
70
218.6
175.1
47.7
71
175.5
158.8
41.8
11, 423
10, 320
438
9,038
1,726
658
458
11, 985
10, 916
420
9,731
1.844
2485
78
3,040
2,758
113
2,451
479
109
21
3,045
2,778
102
2,485
476
84
-35
781.7
767.9
1.347
12, 169
777.2
762. 5
1. 431
«10,770
190.4
189.2
1.458
2,986
194.5
191.1
1.453
2,501
12.37
59
119
13.25
55
114
13.95
56
118
14.48
62
114
13.39
50
104
12.24
40
112
13.62
47
98
13.24
50
106
12.72
56
128
14.37
56
119
5,911
* 5, 767
3,602
4
3, 039
1,820
42, 403
6,659
6,499
4,065
3.449
2,219
45, 753
690
535
416
334
126
4,532
505
408
326
291
101
3,050
420
368
268
237
88
1,625
395
437
292
279
108
1,090
550
443
328
239
137
1,198
444
404
242
185
182
1,347
517
471
306
239
275
1,689
563
556
312
247
290
2,609
mil $
do
do
do
do
mil
16, 781
8,213
6,506
10, 270
2,798
100.3
18, 103
8,912
6,947
11,581
3,058
104.1
4,568
2,236
1,765
2,955
758
103.1
4 637
2,300
1,769
2,987
802
104 1
4 760
2,341
1,845
3,046
813
105 2
4,897
2,386
1,909
3,109
859
105.9
mil $
do
do
391.3
330.8
32.9
402.5
334.6
34.0
98.1
85.1
6.4
100 2
80 8
6.9
91.2
78.8
6.8
98.7
85.3
4 8
do
do
do
179.9
132.5
39.1
193.7
144.9
39.3
47.7
36.0
9.4
50 1
38.1
9 4
51.9
36.6
12 7
50.4
37.6
10.1
Class I Railroads
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
Traffic:
Ton-miles of freight (net), revenue and nonrevenue (qtrly )
bil
Revenue ton-miles
do
Passengers (revenue) carried 1 mile (qtrly. ) _ . mil..
Travel
Hotels:
Average sale per occupied room
dollars ..
Rooms occupied
% of total
Restaurant sales index__.same mo. 1951 = 100..
Foreign travel:
TJ S citizens' Arrivals
thous
Departures
do
Aliens* Arrivals
do
Departures
do
Passports issued
do
National parks, visits^
do
4
4
106.7
112.7
108.3
116.1
119.4
116.1
121.4
124.3
2
2
2
125 6
124.7
129.2
130.3
2
2
3, 125
2, 2877
91
2 513
2 494
2 118
2637
3 371
3,2 138
769
2
2 573
2 521
2
277
2
6 179
194. 9 2.362.6
2
56.2
2 57.3
13.26
56
131
13.94
55
124
12.41
54
116
14.01
56
108
14.23
55
116
573
620
334
299
270
3,653
595
802
352
317
317
6,725
897
908
493
362
239
10,266
203
9, 674
147
4,978
2
2 183 2
r
2 3
. 67.5
COMMUNICATION (QTRLY.)
Telephone carriers:
Operating revenues 9
Station revenues
Tolls, message
Operating expenses (excluding taxes)
Net operating income (after taxes)
Phones in service end of period
Telegraph carriers:
Domestic:
Operating revenues
Operating expenses
Net operating revenues (before taxes)
International:
Operating revenues
Operating expenses
Net operating revenues (before taxes)
I
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
14,382
Acetylene
mil. cu. f t _ _ 14,386
Ammonia, synthetic anhydrous__thous. sh. tons_. 12,917.8 13,098. 0
1,120.1
Carbon dioxide, liquid, gas, and solidj
do
1,
069.
4
4
9,413.9 8,895. 2
Chlorine, gas (100% Cla)
do
Hydrochloric acid (100% HC1)
.
._ do
Nitric acid (100% HN0 3 )
do..__
Oxygen (high purity)J
mil. cu. ft..
Phosphoric acid (100% Pj0 8 )
thous. sh. tons._
Sodium carbonate (soda ash), synthetic (58%
Na 2 O)
thous. sh. tons..
Sodium bichromate and chromate
do. _
Sodium hydroxide (100% NaOH)
do
Sodium silicate, anhydrous
do
Sodium sulfate, anhydrous
do
Sulfuric acid (100% HjSOO
do
1,112
1.059.7
' 87. 9
860.1
1,102
1,096.5
77.3
802.8
953
1,073
1,140.7 1,091.4
80.2
77.9
742.0
812.1
1,047
969. 0
80.8
695.5
1,220
1,143.7
85.2
790.5
1,237
1,248.0
101.7
777.6
1,350
1,256.2
100.4
764.6
163.8
1,910. 8 1,917.7
522.7
6,443. 4 6,460.1
275,962 279,352 23, 003
5, 373. 0 5, 685. 6 481.7
165.6
564.3
24.244
503. 3
143.3
553.1
23,341
463.6
153.8
565.1
23,822
526.9
160.6
567.3
26,612
492.9
149.0
536.6
26,194
521.5
175.9
603.7
29. 668
534.7
167. 1
598.4
27,634
539.4
183.4
587.4
28,934
519.5
157. 7
511 4
21 217
472 4
157. 5
344.3
375.8
12.2
11.3
821.8
741.7
63.5
50.6
115.4
109.1
2,386.2 2, 592. 6
362.9
12.2
799.9
61.4
119.1
2,599.3
354.2
362.0
350.0
345.6
12.4
13.2
10 1 r 8 9
795.4
798. 2 »• 814 2 818 0
46.2
36 1 r 43.7
56.1
100 7
119. 8 r in 6
123.0
2,520.4 2,379.9 2, 289. 5 2, 242. 0
340.9
9.5
785.4
46.5
106. 1
4, 540. 2
152.6
9, 916. 6
657.1
1,482. 6
29, 536. 9
5
373.4
312.9
412.1
4,414. 4
361.6
355.5
12.1
11.8
11.6
13.3
14.7
149.5
765.6
830.9
842.8
10, 073. 7 829.1 889. 1
56.2
51.7
38.7
55.8
612.4
48.8
111.5
116.0
116.0
122.7
117.6
1, 362. 4
29,576.7 2,403.8 2,494.8 2,432.9 2,672.8 2,395.7
r
Revised.
v Preliminary.
1 Number of carriers filing complete
reports for the year.
4
Source: Association of American Railroads.
3 For 5 weeks.
Annual total reflects
revisions not distributed to the monthly or quarterly data.
s Beginning Jan. 1971, includes
low purity oxygen; comparable
Dec. 1970 figure. 26,394 mil. cu. ft.
6 Before extraordinary
7
and prior period items.
Reporting roads only; excludes AMTRAK operations.
IjEffective with Jan. and July 1971, data include visits to Guadalupe Mts. and Redwood
National Parks.
2
r
1 276
1 185
1,317
1,139.5 1 060 6 1 149 1
130.6
117.0 r 120. 2
788.4 "767." I"
776.5 '784 3
1,155
1,102.6
103.5
180.2 r 173. 0
488 3
523.8
27,344 r 26,322
472 1
478.8
r
t Revised monthly data (1957-May 1970) are available.
a" Indexes arc directly comparable for the identical quarter of each year (and from year to year). Revisions back to 1946 are
available.
§Beginning with 1st quarter 1969 reporting period, motor carriers are designated class 1
if they have annual gross operating revenues of $1 million or over.
9 Includes data not shown separately.
JRevisions for 1967 available upon request.
SURVEY OF CURRENT BUSINESS
November 1971
1969
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
S-25
1971
1970
1970
Sept.
Annual
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
126.4
2.3
12.6
120.6
2.6
9.0
123.0
2.9
7.2
14.6
340.2
11.6
361.8
13.6
413.2
C
28.8
26.8
57.8
58.3
CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS— Continued
Organic chemicals, production:^
Acetic anhydride
Acetvls alicvlic acid (aspirin)
Creosote oil
» 1,748. 0
37.5
i 118. 3
35.1
109.6
3.3
9.5
3.5
9.3
2.9
9.1
2.7
10.6
125.8
2.7
8.4
120.2
2.5
8.4
140.6
2.9
9.6
133.5
2.8
10.3
137.0
2.6
10.7
127.0
2.3
12.1
mil. lb-_ * 153. 2
i 4,192. 8
do
i 158. 7
14,312.4
16.2
397.8
14.7
370.8
10.2
400.8
16.1
344.4
13.5
308.8
13.0
310.3
10.8
382.1
15.9
383.4
14.5
371.9
11.7
362.1
mil Ib
do
niil gal
Ethyl acetate (85%)
Formaldehyde (37% HCHO)
Glycerin, refined, all grades:
Production
Stocks end of period
Methanol synthetic
...
Phthalic anhydride
322.4
30.5
i 624. 8
774.0
336.1
29.6
i 744. 7
i 714. 0
26.1
24.4
50.6
63.6
27.8
23.0
60.4
54.9
31.7
26.6
65.4
53.8
31.8
29.6
77.0
55.9
28.2
31.2
60.2
54.4
25.8
27.0
56.6
51.4
30.3
29.2
56.0
61.9
27.0
23.5
65.8
61.3
28.6
25.5
60.3
71.1
29.4
23.4
65.4
67.7
26.9
'20.9
54.3
67.9
'30.3
'24.2
61.6
62.3
mil. tax gal
do
do
do
737.7
179.7
592.6
85.6
631.5
162.7
513.8
84.8
58.3
177.8
42.7
7.5
54.8
169.4
42.9
8.6
41.4
161.3
37.1
7.7
48.3
162.7
37.6
6.7
45.0
162.8
37.8
6.2
41.5
159.4
31.8
6.1
41.7
155.1
37.7
7.4
44.4
151.2
38.1
6.6
43.4
148.2
38.8
6.5
48.6
150.1
38.8
7.7
43.7
151.9
33.1
7.0
43.6
146.1
35.2
7.7
mil wine gal
do
do
318.4
318.8
2.4
276.9
276.2
3.0
23.0
22.9
2.8
23.2
22.9
3.0
20.1
20.1
3.0
21.0
20.9
3.0
20.4
20.2
3.3
17.2
17.7
2.8
20.4
20.4
2.7
20.6
20.7
2.7
20.9
21.0
2.8
21.1
21.7
2.3
18.0
17.7
2.6
19.0
18.9
2.8
thous. sh. tons
do
do
do
16, 599
1,799
12, 229
1,233
16, 005
1,133
12, 543
966
1.341
76
1,034
115
1,479
105
1,189
74
1,420
114
1,163
73
1,293
101
980
70
1,800
58
1,528
66
1,168
62
905
87
1,285
67
986
83
1,680
94
1,381
72
1,210
61
968
90
1,418
92
1,122
108
1,616
82
1,256
91
1,350
129
1,005
85
1,666
95
1,327
101
233
138
3,829
184
326
218
4,165
129
18
12
331
13
23
16
391
22
24
24
387
8
19
16
269
5
16
12
315
19
24
33
296
13
43
40
474
7
104
18
475
34
58
20
518
13
18
6
184
28
14
7
272
17
17
21
407
23
31
11
463
47
4,794
4,603
340
411
416
319
436
271
569
895
391
276
270
325
364
4,290
448
4,496
484
380
418
386
394
387
426
431
484
379
505
402
511
430
453
436
262
415
258
393
336
378
406
394
387
Explosives (industrial), shipments, quarterly!
mil Ib
1 924 8 2 046 5
484 0
Paints, varnish, and lacquer, factory shipments:
Total shipments
mil $
Trade products
do
Industrial finishes . . . do
2, 776. 7
1, 473. 5
1, 303. 5
2, 737. 1
1, 497. 6
1,239.4
256.4
138.2
118.2
220.6
117.2
103.4
185 9
99.4
86.4
177.0
88.4
88.6
180.4
91. 9
88.5
198.2
104.7
93.5
235.6
124.5
111.1
253.0
142.9
110.2
258.2
145.7
112.5
291.6
169.7
121. 9
' 254. 1
'156.6
'97.5
274.0
158.9
115.1
266.9
150.0
117.0
8,568
3,461
i 8, 539
4,038
797
3,837
746
3,977
703
4,021
742
4,038
728
4,108
658
4,094
695
4,123
684
4,069
716
4,119
686
4,095
721
4,156
734
4,190
696
4,208
mil Ib
1628 8 11 600 2
646.1
__do. _
i 667. 4
do
i 1, 123. 8 11,041.6
. do
i 770. 5 i 623. 5
56 9
54.7
82.2
52.8
50.1
58.0
92.8
50.7
43.6
54.0
85.1
48.2
42.8
54.2
79.5
46.0
(2)
48.7
82.1
47.7
51.7
81.2
48.2
59.4
93.7
53.2
60.7
91.2
55.6
63.6
90.7
55.8
66.7
91.4
59.1
62.2
81.0
52.3
67.4
93.2
57.9
71.9
107.0
64.2
10.8
11.0
9.9
9.1
24 6
293.8
314.0
497. 4
25 A
271.9
311.7
517.7
28.2
279. 6
288.6
487.6
28.0
283.8
289.2
509.8
270.5
289.5
459.9
303.9
321.4
491. 7
287.1
306.8
543.4
345.4
344.7
541. 9
326.5
328.9
529.2
314.6
284.7
514.5
331.5
333.7
545.1
328.4
342.6
557.2
-
do
do
mil. gal_
mil. Ib
ALCOHOL
Ethyl alcohol and spirits:
Production
Stocks end of period
Used for denaturation
Taxable withdrawals
Denatured alcohol:
Production
Consumption (withdrawals)
Stocks end of period
FERTILIZERS
Exports, total? . - - . _ . _
Nitrogenous materials
Phosphate materials
Potash materials
Imports:
Ammonium nitrate
Ammonium sulfate
Potassium chloride
Sodium nitrate
do
do
do
do
Potash deliveries (KjO)
do
Superphosphate and other phosphatic fertilizers
(100%P305):
Production
thous. sh. tons
Stocks, end of period _
do_ ._
MISCELLANEOUS PRODUCTS
Sulfur, native (Frasch) and recovered:
Production
thous Ig tons
Stocks (producers'), end of period
_ _ . ...do. ..
585.4
480.0
696.4
567 7
PLASTICS AND RESIN MATERIALS
Production;
Therm osetting resins:
Alkyd resins
Polyester resins
. __ _
Phenolic and other tar acid resins
Urea and melamine resins
Thermoplastic resins:
Cellulose plastic materials. . .. ...
do
i 192. 6 i 140. 9
Coumarone-indene and petroleum polymer
resins
mil. Ib
i 332. 6 1 315.3
13,251.6 11 3, 402. 9
Styrene-type materials (polystyrene)
do
Vinyl resins (resin content basis)
do
13,638.8 3, 754. 4
Polyethylene
- do
1 5, 440. 7 1 5, 872. 3
(2)
G)
267.2
294.7
493.5
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total J
mil. kw.-hr._ 1,552,757 1, 638, 010 139, 839 132, 734 130, 925 141, 048 146, 329 131, 607 141, 605 131, 045 133, 925 150, 674 154, 142 154,507
Electric utilities, total
By fuels
By waterpower
do
do
__ _ _ ___ _ do
_.
Privately and municipally owned util. _ do
Other producers (publicly owned)
do _
Industrial establishments, total
By fuels.. __
By waterpower
r
1
_
. d o
do _
do
1,442,182 1, 529, 581 131, 106 123, 536 121, 979 132, 119 137, 388 123, 394 132, 657 122,301 125, 073 141, 896 145, 708 146, 075
1,191,990 1, 282, 253 113, 094 105, 384 102, 514 110, 322 114, 774 101, 359 107, 833 99, 308 101, 347 118, 983 123,513 123,923
250,193 247, 328 18, Oil 18, 153 19, 465 21, 797 22, 614 22, 035 24, 824 22, 993 23, 727 22, 914 22, 194 22, 152
1,171.776 1,254,344 108, 928 102, 710 100, 257 108, 583 112,269 100, 878 107, 331
270,406 275, 237 22, 177 20, 827 21, 721 23, 536 25, 119 22, 516 25, 327
110,575
107,299
3,276
108, 429
105, 146
3,284
8,733
8,529
204
9,197
8,972
225
8,946
8,656
290
c
Revised.
Corrected.
Revised annual total; revisons are not distributed to the monthly data.
- Series
discontinued,
cf Data are reported on the basis of 100 percent content of the specified material unless
8,929
8,641
288
8,940
8,651
290
8,213
7,924
290
8,947
8,628
319
98, 619 101, 413 116, 548 119,677 119, 754
23, 682 23, 660 25, 348 26, 030 26, 322
8,744
8,448
297
8,852
8,545
307
8,778
8,484
294
8,434
8,196
238
8,432
8,198
234
otherwise indicated.
9Includes data not shown separately.
§Data have been restated to exclude black blasting powder formerly included,
f Revised data for the months of 1968 will be shown later.
Oct.
SURVEY OF CURRENT BUSINESS
S-26
1970
1969
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1970
Sept.
Annual
November 1971
Oct.
1971
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
ELECTRIC POWER AND GAS—Continued
ELECTRIC POWER— Continued
Sales to ultimate customers, total (EEI) mil.kw.-hr. 1,307,178 1,391,359 126, 257 117, 258 110, 690 115, 649 122, 035 120, 810 119, 704 115, 975 113, 830 119, 699 128, 746 128, 685
Commercial and industrial:
286, 686 312, 750 29, 972 27, 109 24, 734 25, 147 26, 223 26, 029 25, 703 25, 320 25, 377 27, 838 31, 061 30,912
Small light and power§
do
557, 220 572, 522 49, 130 48, 614 47, 235 47, 583 47, 480 47, 457 48, 947 49, 051 49, 338 50, 493 49, 405 49, 698
Large light and power §
do
Residential or domestic
Street and highway lighting
Other public authorities
Interdepartmental
do
do
do
do
Revenue from sales to ultimate customers (Edison
Electric Institute)
mil $
422
39, 819
973
3,426
415
4,531
407, 922
10, 772
35, 861
4,186
4,633
447, 795
11, 183
37, 816
4,660
20,139.3
22, 065. 9 2,033.3 1, 908. 3 1,807.8 1, 887. 8 1,978.1 1, 977. 5 1, 955. 3 1, 912. 6 1,900.1 2, 014. 7 2, 193. 9 2, 207. 2
354
42, 219
917
3,261
404
375
36, 465
978
3,314
404
368
33, 839
1,029
3,118
366
421
37, 860
1,081
3,172
385
445
43, 156
1,087
3,260
384
403
42, 268
1,004
3,267
382
380
36, 897
933
2,983
411
363
34, 263
888
3,198
402
355
36, 391
859
3,336
427
353
43, 205
863
3,436
423
351
43, 026
904
3,371
423
GAS
Manufactured and mixed gas:
uusio e , a pe
,
577
539
36
571
535
34
563
528
34
571
535
34
574
538
35
572
536
34
1,522
818
671
1,481
825
625
165
64
99
351
190
151
646
392
238
328
177
143
129.9
79.1
48.3
132.3
82.4
47.4
16.1
8.4
7.5
33.1
20.4
11.9
60. 1
39.1
19.5
33.4
20.5
12.1
thous
do
40, 905
37, 536
3,320
41, 204
37, 826
3,326
40, 393
37, 145
3,198
41, 204
37, 826
3,326
41, 599
38, 166
3,382
41, 373
37, 998
3,337
mil therms
do
do
152, 374
47, 372
99, 461
163, 199
48, 217
108, 848
31, 190
4,084
25, 634
39, 424
11, 584
26, 168
53, 770
22, 940
29, 147
39,458
10 759
27,467
Revenue from sales to consumers, total 9 __mil. $.. 9, 342. 0 10, 242. 6 1, 631. 7
567.9
4, 801. 1 5, 133. 9
Residential
do
4,, 324. 9 4. 862. 4 1, 010. 8
Industrial and commercial >
do
2, 550. 0
1, 271. 5
1,211.2
4, 002. 7
2,315.0
1, 609. 8
2, 613. 6
1 251 2
1,311.1
v
Industrial and commercial
Sales to consumers total 9
Residential
-do
mil therms
do
Revenue from sales to consumers, total 9 -mil. $._
Residential
do
Industrial and commercial
do
Natural gas:
Customers end of period total 9
Residential
Sales to consumers tota1 9
Residential
Industrial and commercial
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
Imoorts
mil proof gal
Whisky:
Production
mil. tax gal..
Taxable withdrawals
do
Stocks, end of period
do
Imports
mil proof gal
Rectified spirits and wines, production, total
mil. proof gal_ _
Whisky
do
Wines and distilling materials:
Effervescent wines:
Production
mil wine gal
Taxable withdrawals
do
Stocks, end of period
do
Imports
_ _ _
do
Still wines:
Production
do
Taxable withdrawals
do
Stocks, end of period
do
Imports.
do
127.32
116.27
11.90
133. 10
122. 04
12.26
11.01
10.38
13.45
10.28
9.62
13.22
9.28
8.77
12.93
9.82
9.74
12.26
9.62
8.32
12.97
9.41
8.52
13.20
12.53
11.00
13.81
12. 33
11.04
14.07
12.37
11.05
14.40
13.71
12.87
14.25
13.28
12.48
14. 18
12.28
11.89
13.64
230. 02
212. 26
16.18
19.21
17.99
18.11
16.20
16.82
18.14
15.93
13.11
13.44
10.35
10.14
24. 99
31.46
28.98
29.76
47.71 24.60
29.22
33.79
30.21 32.49
361. 68 i 371. 47
35.17
12.32
15.64
12.41
16.99
11.62
13.41
16.04
18.22
16.32
13.86
16.73
13.78
164.55
173. 65
991.42 1, 008. 54 1,006.26 1,004.59 1,005.21 1,008.54 1,011.30 1,014.16 1,015.72 1,015.08 1,015.78 1,012.28 1,009.46 1,001.43
6.36
7.65
7.06
6.93
7.78
9.03
9.84
5.68
7.49
7.63
10.84
10.45
87.08
90.89
6.85
10.09
960. 51
8.08
6.61
7.58
958. 57
6.04
5.86
10.64
952. 85
6.59
18.55
169. 87
108. 01
938. 46
74.29
146. 36
112. 88
954. 58
75.59
10.37
10.67
955. 42
6.76
12.20
12.93
952.39
5.47
11.15
11.01
951 94
9.36
12.29
8.89
954. 58
8. 08
12.69
8.30
958. 21
5.60
116. 23
68.01
113.67
64.37
10.08
5.79
11.57
6.88
11.13
6.70
8.87
4.53
8.25
4.28
8.15
4.58
9.87
5.10
8.61
4.30
8.70
4.58
10.22
5.80
8.69
5.02
10.28
5.54
15.80
13.96
6.19
2.41
22.95
20.48
7.38
1.79
1.77
2.04
8.31
.17
1.98
2.09
8.17
.19
2.17
2.30
7.90
.21
2.50
2.86
7.38
.23
2.33
1.85
7.72
.13
1.96
1.52
8.11
.08
2.81
1.79
9.06
. 12
2.17
1.58
9.69
.14
1.08
1.44
9.24
.15
1.34
1.65
8.84
.15
1.50
« 1.21
9.01
.10
2.23
1.32
9.80
.17
35
277. 80
197. 23
306. 36
22.28
244. 78
216. 73
293. 32
28.23
70.81
18.73
238. 03
2.20
92.19
20.75
302. 36
2.51
38.34
19.45
313. 82
3.07
7.76
22.30
293. 32
3.46
5.43
19.85
276. 51
2.06
4.62
18.68
259. 80
1.81
5.28
22. 37
241. 99
2.65
6.13
20.39
225. 62
2.61
7.68
18.06
215.71
3.09
6.30
20.59
198. 93
3.38
5.32
17.40
186. 28
3.12
9.18
18.73
173. 30
3.59
5.38
16. 82
8.45
3.01
3.15
1.38
.62
5.96
2.80
1.31
4.32
12.96
7.78
960. 86
4.95
13.42
9.85
964. 24
6.75
10.47
8.53
963. 43
6.21
8.54
8.29
964. 97
4.08
15.75
403. 32
303. 08
126. 06
91.73
mil. Ib
1,118.2
do
88.6
.._$ per lb__
.685
1, 136. 7
118.8
.704
71.8
171.3
.713
81.6
147.5
.713
78.9
134.3
.709
93.1
118.8
.717
103.8
119.3
.708
97.8
133.2
.708
111.0
157.9
.707
113.0
180.4
.688
119.5
209.8
.687
112.2
235.1
.688
9.02
253.0
.687
7.96
246.8
.687
6.90
' 222. 0
.692
1, 985. 9
1, 268. 4
2, 202. 6
1, 431. 2
167.6
104.5
172.2
103.4
161.5
95.9
179.1
109.0
181.0
113.8
168.7
104.8
202.8
126.9
210. 3
137.3
232. 5
159.0
233.8
161.9
209.0
141.6
196.7
129.6
177.8
112.4
317. 5
265.4
130.0
324.5
254.0
161.0
358.5
289.2
11.1
336.3
264. 8
15.6
326.8
254.8
18.0
324.5
254.0
24.6
320.9
255. 1
11.4
310.7
243.3
9.0
302.1
236.3
8.9
314.6
248.0
7.9
337.4
2b8.8
8.1
376.8
296.8
6.4
386.1
311.6
7.6
.661
.665
.603
.640
.649
Revised.
1 Reported annual total; revisions ai e not dist ributed tc the morithly dat a.
§Data are not wholly comparable on a year to 3rear basis because of chang es from one
.665
.679
.678
.678
.673
Distilling materials produced at wineries.-.do
-
DAIRY PRODUCTS
Butter, creamery:
Production (factory)
Stocks, cold storage, end of period
Price, wholesale, 92-score (N.Y.)
Cheese:
Production (factory), total
American, whole milk
mil. Ib
do
Stocks, cold storage, end of period
do
American, whole milk. . _. _
.
do
Imports
do
Price, wholesale, American, single daisies (Chicago)
$ per lb_.
r
.678
.653
.656
classificat ion to an other.
r
378. 8
303.9
8.9
.670
9 Inclu ies data not show n separa tely.
r
f
184.0
.688
357. 6
283. 7
14.0
335.5
262. 1
.669
.66
SURVEY OF CURRENT BUSINESS
November 1971
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1970
1969
S-27
1971
1970
Annual
Oct.
Sept.
Dec.
Nov.
Jan.
Mar.
Feb.
Apr.
June
May
July
Sept.
Aug.
Oct.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS— Continued
Condensed and evaporated milk:
Production, case goods:
Condensed (sweetened) .
mil. Ib
(6)
6 1, 483. 8
Evaporated (unsweetened)
__do
Stocks, manufacturers', case goods, end of period:
1.9
Condensed (sweetened)
mil. Ib
105.0
Evaporated (unsweetened)
. do
Exports:
52.1
Condensed (sweetened)
do
37.1
Evaporated (unsweetened)
_ do
Price, manufacturers' average selling:
7.50
Evaporated (unsweetened)
$ per case_
Fluid milk:
Production on farms
mil. Ib
116,345
57, 167
Utilization in mfd. dairy products
_do
5.49
Price, wholesale, U.S. average
$ per 100 Ib
Dry milk:
Production:
70.2
Dry whole milk
mil. Ib
1, 452. 3
Nonfat dry milk (human food)
do
Stocks, manufacturers', end of period:
6.6
Dry whole milk
do_._
83.9
Nonfat dry milk (human food)
do
Exports:
15.6
Dry whole milk... _
do
111.6
Nonfat dry milk (human food)
do
Price, manufacturers' average selling, nonfat dry
.235
milk (human food)
$ per Ib
6
(«)
(«)
115.7
16.4
33.3
(6)
(6)
8
1, 268. 3
8
6
92.4
(«)
187. 4
.6
1.2
85.8
(6)
6
6
(6)
(6)
6
77.9
(6)
180. 0
6 147. 5
6.9
2.0
4.6
3.0
96 5
(6)
6
(6)
6
115 7
4 1
39
6
(6)
6
(6)
(6)
86 8
81 3
6
90 3
6
(6)
109 0
134 2
6
(6)
6
(6)
(6)
6 141 5
6
115. 8
(«)
(6)
6 io4 0
162. 4
172.9
26
11 3
2 7
2 2
38
8 5
4 2
1.6
2.9
9,871
5,193
5 74
6 67 6
17
2 3
4 4
133 8
6
6 105. 8
51 2
69 4
2 7
6
(6}
(6)
6
(6)
(6)
116 5
(8)
(*)
7
6
6
(6)
84. 5
(6)
163. 0
.2
1.2
7.98
8.12
8.12
8.13
8.14
(8)
117, 436
60, 108
5.68
9,273
4,418
5 81
9,280
4,388
6 03
8,842
3,997
6 09
9 349
4,479
6 06
9 547
4 745
5 96
9 010
4 636
5 91
10 209
5 557
5 83
10 432
5 797
5 71
11 217
6 297
5 60
10 836
6 438
5 50
10, 311
5,681
5 61
68.7
1, 442. 8
4.0
54
108.9
6 7
115.8
57
111 8
7 0
131.1
9 0
149.2
9.3
88.2
174.6
8 4
177.8
137.3
4.7
50
89 8
3.990 4
55
104 9
136.9
157 6
164. 1
155.6
119.7
.7
5.1
4.0
89.6
81.1
4.7
5.6
117.6
5.3
4.7
8.6
6.6
4.7
144.8
122.8
101.7
101 4
5 5
97 7
13.8
212 3
.5
.7
7.7
.9
1.0
10 7
10 0
17 6
10
7 2
15.0
3 4
16 7
1.9
4.3
3.7
2.8
3.6
25 4
1 l
2 3
7
19 9
.263
.274
.273
.273
276
278
276
277
.304
.314
.318
.318
.320
.320
143 2
123.0
123 8
101 2
103 7
105 5
94 2
108 5
79 8
92 1
81.5
134 4
.8
9.0
8.2
7.5
^6 16
92.2
101.4
7.8
9,389
' 9, 376
4,531
' 5. 98
7.0
6 5
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats rye, wheat)
Barley:
Production (crop estimate)
Stocks (domestic) end of period
On farms
Off farms _
,
Exports, including malt§___
Prices, wholesale (Minneapolis):
No. 2, malting
No. 3, straight
Corn:
Production (crop estimate, grain only)
mil. bu
1,059. 0
1 337 5
114.5
do
do
do
do
do
2 423. 5
426.7
264.6
162.2
8.3
2 410. 4
381.1
238.9
142.2
55.1
489.4
305.6
183.8
6.4
4.4
6.7
6.3
.2
8.7
1.12
1.12
1.14
1.13
1.19
1.18
1.19
1.17
1.21
1.18
1.22
1.20
1.24
1.24
1.30
1 29
2 4, 583
2 4, 110
4,316
3 323
993
553.5
3,743
2,730
1,013
572.0
3999
3569
3430
53.8
56.8
46.4
3,743
2 730
1,013
49.6
38.8
43 0
34 6
35 3
1.21
1.19
1.35
1.33
1.50
1.46
1.40
1.42
1.41
1.39
1.52
1.49
1.59
1.51
1 57
1.50
1 55
1.52
1 51
1.48
3950
885
724
Id
2909
915
704
211
1,098
703
504
200
" "
7 6
21.3
1.9
8
.76
$ per bu__
do
nvl bu
Stocks (domestic), end of period, total mil. bu
On farms
do
O If 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-.
_
Oft" farms.
mil. bu
do
do
do
Exports, including oatmeal
do
Price, wholesale, No. 2, white (Chicago)
$ per bu
Rice:
Production (crop estimate) . .
mil. bags 9
California mills:
Receipts, domestic, rough ...
mil. Ib
Shipments from mills, milled rice
do
Stocks, rough and cleaned (cleaned basis), end
of period
mil. Ib
* .67
2
.72
7
381 1
238.9
142.2
257
142
115
7
4
3
0
6
4 0
9.2
1.26
1 25
1.26
1 26
1.29
1.28
* 156. 4
81.6
••74.8
1.6
5
1.6
1.26
1.26
1.19
1 17
1.11
1 11
494
322
172
2
7 5 552
r
26.6
1, 563
1,169
^394
27.6
40 1
37 3
68 3
1.51
1.54
1 59
1.52
1 49
1.43
1 29
1.29
1 15
1.13
2 531
1 861
670
665
425
240
852
246
6.1
7.4
r
14
.4
7
84
.82
83
78
75
3
3
813
1 097
f 201
816
280
312
5
1
3
4
g
80
68
64
68
282.9
1,755
1,393
67
110
160
68
100
47
84
78
79
59
117
47
268
184
161
180
202
113
323
264
76
66
126
60
119
86
270
82
42
79
102
82
76
112
135
77
114
101
88
109
113
1,672
1,482
547
472
429
367
373
349
428
240
294
139
323
108
279
67
268
28
221
141
206
924
458
1,627
1,695
4 183
.085
1,748
3 828
.085
1,502
1,950
1,. 852
447
1,563
1,461
1,258
1,009
.086
.087
809
268
.087
629
365
528
144
829
190
1, 504
.085
438
1,748
.086
.086
.086
.086
.087
.087
.087
.087
Rye:
Production (crop estimate) .
mil bu
Stocks (domestic) , end of period . . _ . do
Price, wholesales No. 2 ( Minneapolis).. $ per bu__
231.6
29.8
1.17
238.6
41.5
1.15
27.9
1.21
~".~95~
2 1, 460
2313
2
1, 147
1,273
2 1, 378
2260
2 1 118
1 498
1,534
1,417
do
do
do
401
189
73
220
284
199
259
QIC
.084
498
440
7 52 3
49.1
1.10 "Tl6~ ""I." 17*
41.5
1.15
"Tig" "Tl7~
34.7
1.14
"Tig" "TIs"
."94"
65.0
.95
."96
7
1 628
7 465
7 1 153
466
381
352
1,798
1,417
1 065
611
673
534
923
884
1,126
r
Revised. » Preliminary. 1 Less than 50 thousand pounds. 2 Crop estimate for the year.
3
Old crop only; new crop not reported until beginning of new crop year (July for barley,
oats, rye, and wheat; Oct. for com).
* Average for Jan.-Sept.
« Average for Jan., April-
885
7 84 2
90. &
2,012
1,515
6,497
4,438
Stocks (domestic), end of period, total
On farms
_ _
Off farms
] 10
1.11
7
915
704
211
6,605
4,818
. mil. bu
do
do
do
1.16
1 16
1.09
1 09
Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers, ... mil. Ib
Shipments from mills, milled rice.
_ do
Stocks, dpmestic, rough and cleaned (cleaned
basis), end of period
mil. Ib
Exports...
do
Price, wholesale, Nato, No. 2 (N.6.)
$ per lb_.
Wheat:
Production (crop estimate), total
Spring wheat
Winter wheat
Distribution
469 9
8
7
1
8
534
884
T
335
4S2
731
1 876 '
386
240
824
679
M91 '
1,053
Sept., and Dec.
Condensed milk reported with evaporated to avoid disclosing operations
of individual firms. 7 Nov. 1 estimate of 1971 crop.
* Series discontinued.
§ Excludes pearl barley.
9 Bags of 100 Ibs.
6
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1969
1970
Annual
November 1971
1970
Sept.
Oct.
1971
Nov.
Jan.
Dec.
Feb.
Mar.
May
Apr.
June
July
Aug.
Sept.
Oct.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Con.
Wheat— Continued
Exports, total, including flour
Wheat only
_. __
_ .. mil. bu .
do
489.2
439.9
689.1
638.7
52.4
49.9
74.7
69.0
63.8
60.3
66.5
61.6
61.9
59.3
51.3
47.8
62.7
59.9
53.7
50.7
70.3
66.7
50.0
43.4
51.2
47.4
41.4
38.2
62.1
59.4
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
$ per bu_No. 2, hd. and dk. hd. winter (Kans. City).do
Weighted avg., 6 markets, all grades _ . do
1.80
1.48
1.75
1.91
1.54
1.79
1.93
1.62
1.87
1.95
1.60
1.88
1.97
1.63
1.89
1.92
1.63
1.84
1.91
1.65
1.82
1.90
1.65
1.80
1.82
1.62
1.77
1.82
1.62
1.75
1.84
1.62
1.78
1.82
1.64
1.75
1.73
1.56
1.65
1.64
1.56
1.62
1.64
1.55
1.63
253, 094
4,409
563, 714
22, 159
393
49,361
23,364
407
51,708
20, 707
361
46,161
20, 754
361
46, 147
20, 894
361
46,405
19, 761
345
44, 038
21, 004
363
46, 705
19, 662
335
43, 525
20, 216
347
44, 970
20, 994
366
46, 658
20,225
349
45, 164
22, 164
••378
49, 403
22, 130
378
49, 279
4,329
21, 596
4,438
1,074
2,438
1,537
4,329
2,104
1,134
1,528
4,732
1,188
1,282
1,536
4,586
2,841
1,627
1,374
1,178
6.179
5.569
6.275
5.713
6.413
5.713
6.413
5.650
6.363
5.588
6.350
5.588
6.313
5.613
6.250
5.500
6.238
5. 488
6.225
5.500
6.200
5.588
6.113
5.475
6.063
5.313
5.975
5.275
264
2,723
1,010
266
2,752
1,233
245
2,424
1,135
276
2,611
960
247
2,569
31,031
237
2,299
*879
299
248
2,681
2,544
3 1, 140 3 1, 032
203
2,536
3 1, 004
207
2,797
s 1, 005
205
2,725
3878
220
2,720
4 1,011
239
2,788
* 1, 018
28.97
28.99
33.00
28.44
29.68
33.00
27.00
28.03
34.00
26.45
27.57
33.50
28.83
29.42
34.00
31.80
31.69
40.00
31.42
31.88
41.00
31.96
32.07
41.00
32.35
31.78
39.00
31.91
30.60
39.00
31.90
30.32
39.00
32.77
32.41
35.00
32.21
31.72
38.00
78, 186
14, 871
7,034
1, 303
7,662
1,451
7,350
1,490
7,990
1,532
7,489
31,412
6,379
* 1, 230
8,266
3 1, 479
7,794
3 1, 455
6,932
s 1, 399
6,983
3 1, 438
6,922
6,220
3 1, 163 * 1, 296
7,379
4 1, 308
1,357
22.11
20.43
17.37
15.02
14.96
15.76
19.03
16.88
16.04
17.00
17.68
18.85
18.14
18.28
19.19
19.1
14.3
13.4
11.9
11.1
10.7
13.4
11.8
11.3
12.3
12.2
14.0
15.6
16.1
19.5
10, Oil
i 2, 468
899
244
917
262
736
216
847
201
903
3178
806
<131
920
3 178
899
3143
772
3186
827
3255
815
3205
812
4 212
919
*233
* 229
27.43
26.75
26.75
25.38
23.88
24.00
25.12
26.88
30.25
31.12
31.25
28.88
27.75
27.50
25.88
33, 369
i 34, 587
3.031
3,198
2,958
3,226
3,076
2,663
3,234
3,075
2,940
3,104
2,879
2,966
3,116
637
571
1,685
759
518
1,844
588
53
167
646
49
155
715
74
134
759
51
143
771
39
133
749
41
112
791
49
151
869
35
141
901
46
133
890
43
170
835
39
155
773
51
166
18, 873
363
28
1,194
1 19, 496
347
32
1,319
1,701
296
2
130
1,735
310
3
113
1,533
326
3
94
1,685
347
3
102
1,645
335
3
94
1,463
313
4
72
1,693
306
5
99
1,608
299
5
99
1,599
295
4
87
1.739
306
4
124
1,682
321
3
111
1,667
341
3
127
1,720
••359
3
173
360
.490
.488
.473
.465
.454
.503
.539
.536
.546
.561
.549
.546
.561
.549
.536
510
16
514
19
44
21
46
21
44
19
48
21
44
20
49
20
47
20
40
23
40
23
39
21
39
19
13, 986
14, 577
1,286
1,417
1,497
1,383
1,157
1,491
1,420
1,301
1,324
1,157
1,260
1,350
11,563
211
152
316
12, 119
336
67
347
1,066
210
11
25
1,174
246
9
30
1,143
304
9
30
1,249
336
5
28
1,153
353
4
27
978
344
4
29
1,226
389
3
36
1,195
467
4
30
1,098
498
5
31
1,104
476
5
32
969
405
4
33
1,065
332
7
30
1,132
'309
7
31
308
.580
.575
.565
.569
.499
.560
.497
.510
.485
.461
.486
.445
.498
.479
.528
.530
.513
.438
.517
.432
.521
.485
.535
.501
.515
.584
.536
.515
.501
.498
.526
158
77
20
.153
Wheat flour:
Production:
Flour
thous sacks (100 Ib )
254, 094
Offal
thous. sh, tons
4,558
Grindings of wheat. _. _ _ _
thous. bu__ 567, 956
Stocks held by mills, end of period
thous. sacks (100 lb.)._
4,595
Exports
do
21, 130
Prices, wholesale:
Spring, standard patent (Minneapolis)
$perl001b-.
5.923
Winter, hard, 95% patent (Kans. City) ..do
5.438
1.72
1,58
1.69
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
thous animals
3,025
3,637
Cattle
do
30, 793
30, 536
Receipts at 38 public markets
do
i 12, 652 111,922
Prices, wholesale:
Beef steers (Omaha)* . . . . _ _ . $ per 100 lb-_ 29.28
29.03
Steers, stocker and feeder (Kansas City)._do
30.10
29.30
Calves, vealers (Natl. Stockyards, 111.)- -do
37.29
38.17
Hogs:
Slaughter (federally inspected)., thous. animals.. 75, 682
Receipts at 38 public markets
do
15, 210
Prices:
Wholesale, average, all grades (Sioux City)*
$ per 100 lb- 23.65
Hog-corn price ratio (bu. of corn equal in value
to 100 Ib. live hog)
19.8
Sheep and lambs:
Slaughter (federally inspected) __ thous. animals. . 10, 067
Receipts at 38 public markets
_
do
i 2, 704
Price, wholesale, lambs, average (Omaha)*
$ per 100 Ib.- 28.53
1
1,170
32.11
34.07
MEATS AND LARD
Total meats:
Production (carcass weight, leaf lard in) , inspected
slaughter
mil. lb_.
Stocks (excluding lard), cold storage, end of
period..
mil. Ib
Exports (meat and meat preparations) _ _ do. _
Imports (meat and meat preparations)
do
Beef and veal:
Production, inspected slaughter
_
_ do
Stocks, cold storage, end of period
do . _
Exports
do
Imports
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New York)
$perlb._
Lamb and mutton:
Production, inspected slaughter
mil. Ib
Stocks, cold storage, end of period. _ _ do _
Pork (including lard), production, inspected
slaughter
mil Ib
Pork (excluding lard) :
Production, inspected slaughter.
. do
Stocks, cold storage, end of period
do
Exports
_
do
Imports
do
Prices, wholesale:
Hams, smoked composite
$perlb
Fresh loins, 8-14 Ib. average (New York). .do
Lard:
Production, inspected slaughter ..
mil. Ib
Stocks, dry and cold storage, end of period.. do
Exports _ . _ .
do
Price, wholesale, refined (Chicago) - $ per Ib
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)
mil. lb__
Stocks, cold storage (frozen), end of period, total
mil. Ib..
Turkeys
do
Price, in Georgia producing area, live broilers
$ per lb__
2
.492
1,755
70
262
.145
1,776
82
366
.160
158
60
28
.154
9,492
10, 445
1, 020
307
192
391
219
516
343
176
59
37
.158
1,092
624
447
.140
.120
.123
.110 '
Revised.
« Corrected.
Annual total reflects revisions not distributed to the months.
2
Beginning Jan. 1969, quotations are on carlot rather than l.c.l. basis as previously.
38
20
1,383
174
74
22
.163
178
82
42
.145
166
91
9
.130
129
86
40
.138
193
81
44
.155
162
80
39
.150
926
845
762
676
791
486
313
391
219
369
206
331
174
294
144
.120
.110
.125
.130
.130
.125
3
45
' 21
773
21
146
91
31
.146
158
101
18
.143
136
89
11
.151
142
83
16
.158
757
749
894
909
1,020
265
120
251
111
287
140
354
203
462
308
'547
'389
640
477
.135
.140
.155
.135
.135
.115
r
1
' 776
48
223
4
Data are for 41 public markets.
Data are for 40 public markets.
*New series. Monthly data for earlier years will be shown later.
1,003
SURVEY OF CURRENT BUSINESS
November 1971
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1969
1970
Annual
S-29
1970
Sept.
Oct.
1971
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
POULTRY AND EGGS— Continued
Eggs:
Production on farms
mil. cases O
Stocks , cold storage, end of period:
Shell
thous. cases O
Frozen.
_ _ _._
mil. lb_
Price, wholesale, large (delivered; Chicago)
$per doz_.
191.9
195.2
15.7
16.4
16.1
17.0
17.1
15.5
17.3
16 8
17.3
16.5
16 7
16.5
15.9
16 6
51
43
51
50
178
60
136
58
76
55
51
50
60
49
53
51
139
54
80
60
101
67
98
75
148
80
141
81
' 134
'84
149
82
.460
.425
.455
'.363
< .394
.410
.372
.332
.331
.330
".291
« .298
« .330
•=.345
< .329
.324
Cocoa (cacao) beans:
Imports (incl shells)
thous. Ig. tons
Price, wholesale, Accra (New York)
$ per lb,_
218.4
.458
279.2
.341
23.3
.378
26.7
.354
14.5
.354
25.4
.329
45.0
.309
22.8
.273
25.2
.279
28.2
.273
17 8
.253
25 3
.268
28 7
.280
23.2
.286
24.6
.271
.250
Coffee (green):
Inventories (roasters', importers', dealers'), end
of period
thous bagsd"
Roastings (green weight)
do
3,811
20, 851
2 593
20 075
3,461
4,352
Imports, total _ _ _ .
-.
_
do _
From Brazil
do
Price, wholesale, Santos, No. 4 (N.Y.) $ per Ib
Confectionery, manulacturers' sales
mil. $
20, 232
5,780
.408
1,870
19, 727
4 712
.557
1,906
1,355
1,713
1,597
1,382
2,002
291
822
.578
.588
.575
.550
.550
mil. Ib
275
306
Sugar (United States):
Deliveries and supply (raw basis) :§
Production and receipts:
Production
--thous. sh. tons
Entries from off-shore, total 9
do
Hawaii and Puerto Rico
do
4,300
6,350
1,501
MISCELLANEOUS FOOD PRODUCTS
387
171
1,528
1,475
2,030
1,759
1,941
2,132
2,720
2,754
971
.550
.480
993
178
176
.450
.438
.438
139
.433
.433
135
.430
282
114
310
317
666
570
180
163
310
313
312
306
275
247
210
196
198
231
270
296
330
4 710
6,675
1 497
139
515
138
720
708
226
1,043
992
367
120
664
509
112
2,218
15
315
143
42
151
412
119
150
88
97
170
178
176
103
441
159
97
692
143
107
775
80
601
50
10, 804
10, 655
2,796
11,467
11 317
2 784
1,093
1,079
1,046
931
912
833
822
727
720
860
851
2,943
2,660
894
883
2,524
1,087
1 068
2,156
1,034
1 020
1,932
* 1, 113
3,003
1,026
1 013
2 701
1,121
1,107
2,202
718
706
1,414
1,055
1,044
2,784
r 1, 629
p 1, 464
sh tons
968
7 892
26
194
128
146
50
44
12
1 179
21
25
37
84
80
thous sh tons
do
do
4 776
1,024
5 217
l'522
35
565
205
10
368
80
4
323
95
1
553
178
2
325
4
4
239
30
2
477
84
7
650
142
6
412
96
2
479
108
1
476
170
3
559
179
2
675
178
6
Deliveries, total 9
For domestic consumption
Stocks, raw and ref., end of period.
Exports, raw and refined
Prices (New York):
Raw, wholesale
Refined:
Retail (incl. N.E . New Jersey)
Wholesale (excl. excise tax)
Tea Imports
222
367
5,282
4,338
3, 027
' 4, 663
199
Fish:
Stocks, cold storage, end of period
Imports:
Raw sugar, total 9
From the Philippines
Refined sugar, total .. _
224
r
2,537
5,164
2 593
5,190
do
do
do
124
156
121
.078
.081
.081
.082
.080
.081
.084
.084
.084
.082
.084
.086
.086
.086
.086
$ per 5 Ib
$ per Ib
.638
.107
674
.683
. 114
.678
.114
.680
.114
.677
.114
.680
.114
.679
.114
687
.117
.695
.116
.695
.116
.693
.116
.689
.118
.701
.118
.703
.118
thous Ib
139, 962
135 202
10, 805
11,971
10, 409
12, 682
13, 226
12, 360
15, 073
18 078
15, 128
16, 529
20 150
25, 141
19, 427
3, 480. 5
138 7
3 587. 6
132 9
298.2
127 0
316.5
120.5
305.6
122.5
299.0
132.9
291.5
134.7
309.2
130.3
300.0
134 7
272.4
134 4
277.1
128 0
290.4
136.7
261.5
111.1
r 305. 6
r 120. 7
309.0
113.6
3 143.7
70 5
3 389.3
75 6
268.6
68 5
289.4
80.0
286.7
83 4
299.9
75.6
283.9
74.4
281.7
71.6
292.0
70 7
270.1
72 0
288.6
81 1
332.6
82.2
290.5
71 2
' 309. 9
'80 0
301.5
65 5
2 181 9
52.1
2 230 3
45.6
189.6
50.3
200.7
52.3
187.2
50.4
216.7
45.6
212.9
50.4
189.0
59.4
195 9
57.7
181 0
55.9
176 4
61.2
185.9
61.6
163.4
72.9
' 173. 3
65.5
194.4
63.5
260
289
290
294
306
306
.306
306
305
305
305
305
308
.312
.310
534 6
510 9
46.0
558 2
567 7
46.7
48 3
40 9
36.9
47 0
45 1
36.3
45 6
49 4
37.9
46 9
48 0
46.7
60. 1
51 5
47.0
49 1
61 7
37.7
51 7
53 3
37.0
43 2
44 4
34.9
42 8
44 9
42.4
45 3
46 6
45.6
40 2
40 4
49.9
r 40 8
48 3
51 2
62.9
4,655. 0
2,595.2
348.0
4 876.8
2 551. 5
396.1
419.5
216.3
369.5
423.2
209.2
348.3
401.5
208.8
392.2
446.6
220.5
396.1
422.7
218.0
423.5
385.2
201.4
349.6
438.5
233,5
380.6
392.0
216.4
363.9
400.0
227.1
374.0
439.9
231.4
401.9
393.5
200.5
441.5
171.6
75 7
84.0
207.0
68.7
103.5
27.4
20.8
110.2
128.6
114.3
386 3
547.5
732.6
205.9
424.6
00
544.0
749.6
202 9
584.2
(d)
47.6
62.1
165.0
63.9
(d)
40.9
60.4
176.0
14.1
465 5
438.1
441. 1
474 0
440 9
449.6
42.0
42.3
43.3
54.7
40.1
36.9
36.4
51.3
$ per lb__
112
.085
FATS, OILS, AND RELATED PRODUCTS
Baking or frying fats (Incl. shortening):
Production
__._
.
mil. Ib
Stocks, end of period©
do
Salad or cooking oils:
Production
do
Stocks end of period©
do
Margarine:
Production
do
Stocks, end of period©
do
Price, wholesale (colored; mfr. to wholesaler or
large retailer* deJivored)
$ per Ib
Animal and fish fats:A
Tallow, edible:
Production (Quantities rendered)
mil Ib
Consumption in end products
do
Stocks, end of period 1_ _
do
Tallow and grease (except wool), inedible:
Production (quantities rendered)
do
Consumption in end products
do
Stocks, end of period 1_ _ __
do
Fish and marine mammal oils:
Production
do
Consumption in end products
do
Stocks, end of period!
do
Vegetable oils and related products:
Coconut oil:
Production' Crude
mil Ib
Refined
do
Consumption in end products
do
Stocks, crude and ref., end of period If
do
Imports
do
Corn oil:
Production* Crude
do
Refined
do
Consumption in end products
do
Stocks?, crude and rp.f.. anrl nf nprinrllT
rir»
r
S4 1
A3 9
6.0
(d)
51.0
62.5
145.6
27.0
34.0
34.6
38.0
fin. 1
5.7
6.7
4.4
Revised.
v Preliminary,
Data withheld to avoid disclosure of operations of individual firms.
GCases of 30 dozen.
cTBags of 132.276 Ib.
§Monthly data reflect cumulative revisions
7.6
4.8
103.5
(d)
44.6
63.6
202.9
12.3
1.4
5.6
72.0
(d)
48.7
63.7
217.0
129.2
.6
4.4
50 1
'•57.6
r 403. 1
r 222. 2
r 424. 5
.6
4.7
9.2
4.0
21.8
54.8
55.3
60.0
65.8
88.0
132.0
5.6
'58.5
••4.5
62.7
148.1
r 155. 1
(d)
44.2
60.9
180.9
41.7
(d)
50.6
68.9
182.5
52.9
(d)
49.5
64.3
169.3
54.9
(d)
45.0
63.4
167.1
47.5
(d)
49.4
68.4
167.6
45.5
(d)
39.9
52.1
177.3
35.3
'36.2
'53.4
' 153. 1
30.2
4.3
5.3
(d)
441.0
236.0
409. 0
29.8
5.4
139. 2
(d)
47.6
61.3
147.2
79.3
42.6
42.2
38.4
57.9
'fi3.8
57.1
for prior periods.
9 Includes data not shown separately: see also note " &".
AFor data
on lard, see
p. S-28. ©Producers' and warehouse stocks.
^Factory and warehouse
e
stocks.
Corrected.
34.7
39.1
40.4
43.2
38.0
39.6
39.5
36.0
37.3
31.9
34.4
37. 1
43.7
38.2
35.2
47.0
41.4
34.2
35.5
fifi 8
41.0
37.2
33.5
42.7
34.6
38.2
64.7
42.4
39.1
36.0
65.fi
'40.1
33.7
35.9
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1969
1970
November 1971
1970
Annual
Sept.
Oct.
1971
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATED
PRODUCTS- Continued
Vegetable oils and related products— Continued
Cottonseed cake and meal:
2, 001. 4
Production
thous. sh. tons
74.8
Stocks (at oil mills), end of period_. do , Cottonseed oil:
Production: Crude
mil. Ib. 1, 425. 8
1, 252 0
Refined
do
Consumption in end products
do
889.7
Stocks, crude and refined (factory and warehouse") . end of period
_ _ _. ._ -.-mil. Ib-,
398.6
246.5
Exports (crude and refined)
do
Price, wholesale (N.Y )
$per Ib
.142
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 Ib
Soybean cake and meal:
Production
thous sh tons
Stocks (at oil mills) , end of period
do
Soybean oil:
Production: Crude
mil ib
Refined
do
Consumption in end products
- - do
Stocks, crude and refined (factory and warehouse) , end of period
mil. Ib
Exports (crude and refined)
._ - d o
Price, wholesale (refined; N Y )
$ per Ib
1, 725. 8
85.8
45.2
39.3
194.1
54.2
219.2
82.9
218.2
85.8
215.8
103.2
202.4
125.5
192.2
136.4
145. 3
134.5
111.1
148.9
86.1
136.0
61.1
109.5
1,211.4
1, 019. 2
932.0
30.5
27.6
65.8
134. 3
71.6
77.3
153.4
116.0
79.6
152.6
116.6
76.9
151.5
108.5
67.8
141. 2
108.6
73.6
134.0
119.8
69.4
103.3
77.2
56.1
78.8
80 4
61.2
61.0
73.2
90.1
43.5
44.9
50.1
184.3
369.8
.175
121.4
17.8
.167
140.1
12.0
,167
163.5
18.6
.180
184.3
36.7
.178
202. 3
43.5
.183
224.6
39.2
.195
246.9
40.3
.195
265.7
18.2
.193
279.7
21.4
.188
224.6
31.7
1.88
291 8
193 9
314.5
193.2
36.2
16.8
30.7
15.1
26,8
14.2
27.5
12.7
31.9
13.3
32.4
15.8
34.9
18.4
36.7
19.6
36.8
19.6
41.4
22.7
128 8
120
148.5
.109
129.9
.100
134. 9
.100
144.9
.100
148.5
.095
157.5
.095
170.5
.095
180.7
.090
192.8
.088
187.2
.088
203.8
.088
14,716.5 17, 379. 2
112.2
103.2
1.238.4
106.8
1,530.2
139.8
1,507.5
158.2
1,560.4
112.2
6 804 7
5, 860. 0
5 948. 2
8, 085. 9
6, 276. 3
6, 322. 7
563.8
491.9
524. 3
729.8
534. 5
548. 2
705.6
514.5
519. 9
727.7
538.8
552. 3
724.8
543.5
534. 7
653.2
511. 1
505,8
695.9
557, 9
535.0
695.7
495.0
497.9
696.4
506.7
505.6
670.9
526.7
556.3
674 9
482 9
497.3
517 2
761.1
110
755. 7
1, 372. 4
.133
543.4
165.2
.137
562.3
103.9
.161
717.6
52.7
.172
755.7
174. 6
.163
751.8
112.0
.168
787.8
109.3
144
756.0
156.0
.145
765.8
168.0
.135
758.0
191.8
137
719.0
140.9
.146
745.3
189.0
159
39, 336
20, 362
32, 303
17, 142
4,763
52, 352
17, 252
44, 458
18, 136
47 434
31. 305
4, 369
39, 798
20, 413
36 112
17, 256
41,791
15, 686
76, 841
49,965
3,620
45, 634
510
2,357
3,466
42, 518
505
2,198
3,954
43 360
556
2, 381
3, 366
43 590
558
2. 258
4,142
43 474
571
2,476
4,454
46, 582
552
3,038
6,852
4,270
39 596 45 595
552
497
3 033 4,234
5.753
11 985 14 933
168
189
1 251 1 611
11 512
289
1 239
13 124 12 851
254
258
1 304 1,235
7 118 11 583
198
'l31
1,166
694
12, 517
127
1,338
TOBACCO
Leaf:
i 1, 804
Produ ction (crop estimate)
mil. Ib
Stocks . dealers' and manufacturers' end of period
4,940
mil Ib
Exports, incl. scrap and stems
thous. Ib
579,106
Imports, incl. scrap and stems
do __ 213, 402
5,006
510,325
235, 428
4.650
46, 766
15, 364
53, 650
21,982
72, 845
33, 652
5,006
62, 477
14, 673
Manufactured:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt _
Taxable
Cigars (large), taxable
Exports, cigarettes.
_
51, 166
532, 764
6,701
29, 147
4,292
47, 245
593
2,188
3,926
50, 665
653
2,656
3,423
44 026
581
2,034
4,138
41,196
495
2,352
-
millions
do
do
.. ...do. .
47, 263
510, 532
6,744
24, 970
1,560.3 1, 387. 2 1, 463. 2 1,458.9
138.4
152.0
170.3
173.6
'66.4
101. 9
50.3
81.9
' 47.0
61.2
'57.8
34.3
44.9
51.3
167.2 ' 142. 9
69.8
14.3
1.93
2.06
91.7
26.2
-2.01
'34.0
' 19.4
35.4
18.0
193.2 ' 177. 1
.088
.088
179.9
.088
r
25.9
17.9
1, 473. 8 1, 257. 1
189.7
120.3
1 464.8 1,401.6 1 429 7
149.4
192.4
198.7
r
692.2
532. 8
537.3
594.2
565.7
554.7
819. 2
78.1
.172
755.0
122.2
. 155
i 1, 906
31,804
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value, total 9
thous $
Calf and kip skins
thous, skins
Cattle hides ...
_ __ ._ thous. hides
152 446 145, 200
1 652 1,316
15, 222
14, 778
10, 952
124
1,235
11 205
131
1,196
11 593
116
1 247
11 619
'l76
1,258
11 642
137
1,207
Tm ports:
Value, total 9
Sheep and lamb skins
Goat and kid skins
62 400
2 20 716
2 5 068
51,300
18, 701
3,028
2,800
849
36
2 800
863
20
3 500
1 242
65
3 000
934
45
3 100
832
79
3 goo
1*548
17Q
6 200
2 879
180
7 400
3 591
' 317
5 000
1 670
170
6 900
2 774
185
4 900
1 877
'l33
4 300
1 151
81
4 000
920
134
561
146
.331
.129
.320
.130
.320
.131
.320
.131
.315
.110
.300
.104
.300
115
.275
115
300
158
.300
168
.300
.141
.300
.148
.300
.148
.280
.155
3 381
22 030
5 856
25 242
2 717
20 353
3 979
23 598
184
1,681
244
1,989
215
1 784
225
2,117
213
1 585
202
2 013
188
1 701
204
1,949
163
1 660
143
1 803
124
1 631
162
1 820
129
1 871
169
1 768
128
1 848
' 193
1 848
132
1 745
247
1,663
142
1,821
327
1,894
83
1,285
188
1 458
123
1,652
242
1,900
thous. sq. ft
265,802
79 365
5,870
6 300
5 661
8 117
6 557
6 457
7 784
7 256
7 391
8,144
5 534
6,540
6,830
Prices, wholesale, f.o.b. tannery:
Sole, bends, light
._ index, 1967=100
Upper, chrome calf, B and C grades
index, 1967=100
109.5
114 0
113 4
113 4
113 4
113 4
111 8
111 8
111 8
116 4
116 4
114 1
114 1
114 1
114.1
85.2
87.7
87.7
87.7
77.2
thous $
thous pieces
do
Prices, wholesale, f.o.b, shipping point:
Calfskins, packer, heavy, 9H/15 IbHides, steer, heavy, native , over 53 Ib
$ per lb_do
LEATHER
Production:
Calf and whole kip
thous, skins
Cattle hide and side kip - thous. hides and kips
Goat and kid
thous. skins
Sheep and Iamb
do
Exports:
Upper and lining leather
-
99.7
84 3
LEATHER MANUFACTURES
Shoes and slippers:
576, 961
Production, total t . _ .
_
-thous. pairs
Shoes, sandals, and play shoes, except athletic 1
463, 388
thous pairs
Slipperst
do
100, 943
Athletic t
do
8 993
Other footwear t
do
3,637
441 206
107, 562
9 490
3*305
36 188
10,209
838
487
2 324
2 154
108 9
111 9
111 0
Exports .
.
do
Prices, wholesale, f.o.b. factory:
Men's and boys' oxfords, dress, elk or side
upper, Goodyear welt
index, 1967=100
Women's oxfords, elk side upper, Goodyear
welt _
index 1967—100
Women's pumps, low-medium quality do
r
80 6
80.6
80.6
80 2
17, 562
48 821
40 770
36 714
10 868
M35
452
30 749
8,953
802
391
219
213
113 3
114 6
116 2
117 1
116 4
117 5
558, 530
Revised.
i Crop estimate for the year.
23 Annual total reflects revisions not distributed to the monthly data.
Nov. 1 estimate of 1971 crop.
1
80 2
79 4
79 4
43 255
44, 596
44, 727
50 153
46, 747 43, 916
46,490
37,556
r
35 395
6 738
827
449
36 709
6 889
752
504
36 614
6 910
842
529
40 650
8 245
937
321
37, 432
8,104
919
292
34 477
8,422
781
236
36,403
9,086
781
220
30885
5,962
592
117
r
192
198
141
248
175
167
146
211
144
114 6
114 6
114 6
116 7
116 7
117 1
117.1
117 1
117.1
117.1
118.3
118.3
116 4
117 5
116 4
117 5
116 4
117 5
118 9
121 2
120 2
121 2
120 2
121 2
120 2
121 2
120 2
121 2
120 2
121.2
120.2
121 2
120 2
121 2
120.2
121.2
82 7
c
9 Includes data for items not shown separately.
Corrected.
^Revisions for Jan. 1968-Aug. 1969 will be shown later.
46,092
45, 584
35 567
' 9,r 654
728
143
34, 620
9,924
870
170
163
226
SURVEY OF CURRENT BUSINESS
November 1971
1969
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1970
Annual
S-31
1971
1970
Sept.
Oct.
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
LUMBER AND PRODUCTS
LUMBER— ALL TYPES 9 1
National Forest Products Association:
Production, total
mil bd. ft
Hardwoods
do
Softwoods
do. ..
Shipments, total
Hardwoods
Softwoods
37, 943
8,468
29, 481
36, 603
7,964
28, 639
3,104
641
2,463
3,201
681
2,520
2,733
587
2,146
2,639
535
2,104
2,794
571
2,223
2,983
637
2,446
3,339
609
2,830
3,451
577
2,874
3,168
599
2,569
3,384
613
2,771
3,194
590
2,604
3,220
502
2,718
3,242
532
2,710
37, 615
8,676
28, 943
35, 596
7,078
28, 518
3,059
587
2,472
3,140
657
2,483
2,694
574
2,120
2,632
511
2,121
2,738
566
2,172
3,075
682
2,493
3,472
637
2,835
3,560
644
2,916
3,313
659
2,654
3,537
587
2,950
3,209
584
2,625
3,345
583
2,762
3,294
583
2, 7.11
5,332
630
4,704
6,363
1,516
4,847
6,235
1,460
4,775
6,288
1,476
4,812
6,233
1,395
4,838
6,363
1,516
4,847
6,428
1,529
4,899
6,277
1,484
4,793
6,143
1,355
4,788
6,042
1,287
4,755
5,895
1,225
4, 670
5,741
1,250
4,491
5,723
1,253
4,470
5,594
1,145
4,449
5,532
1,084
4,448
1
1, 158
16,263
1,266
6,095
139
553
97
533
99
514
103
422
80
605
87
473
91
683
90
563
88
650
95
761
79
767
85
624
72
797
7,844
486
7,994
457
633
395
741
445
605
424
623
457
778
693
702
630
738
603
912
689
652
646
814
692
739
810
685
715
735
735
do
do
do_
8,218
8,179
1,010
8,071
8,023
1,058
693
673
1,057
692
691
1,058
637
626
1,069
579
590
1,058
635
642
1,051
684
665
1,070
806
765
1,111
792
826
1,077
679
695
1,061
767
818
1,010
643
621
1,032
769
757
1,045
715
715
1,045
do
_._ do_
do
359
88
271
380
87
292
21
5
16
31
9
22
27
7
20
44
10
35
28
7
21
29
9
21
35
8
27
36
11
24
27
5
22
36
10
25
9
2
6
17
6
12
12
3
8
_ . _.do.
do
. do
Stocks (gross) , mill, end of period, total — do
Hardwoods
_ _ _ do
Softwoods,..
__do
Exports, total sawmill products _
Imports, total sawmill products
do. _.
..do
SOFTWOODS 1
Douglas fir:
Orders new
Orders, unfilled, end of period
mil. bd ft
do
Production
Shipments
Stocks (gross), mill, end of period.
Exports, total sawmill products
Sawed timber
Boards, planks, scantlings, etc
Prices, wholesale:
Dimension, construction, dried, 1" x 4", R. L.
$ p e r M bd. ft-.
Flooring, C and better, F. G., \" x 4", R. L.
$per M bd. f t _ .
113. 52
92.22
95.04
94.27
92.85
212. 59
226. 76
228. 14
228. 14
229.65
. _ mil. bd. ft
do
7,336
324
7,721
373
671
383
680
351
607
333
660
373
Production.
___
_ ____do._
Shipments
do
Stocks (gross), mill and concentration yards, end
of period
_
.- _ mil. bd. ft
7,645
7,434
7,700
7,672
650
••662
720
712
641
625
Southern pine:
Orders, new
.
..
Orders, unfilled, end of period
Exports, total sawmill products
M bd. ft
Prices, wholesale, (indexes):
Boards, No. 2 and better, 1" x 6", R. L.
1967=100..
Flooring, B and better, F. G., 1" x 4", S. L.
1967=100..
Western pine:
Orders, new
_
mil. bd. ft
Orders, unfilled, end of period. __ _ _ _ do
Production
Shipments .
__
_
_.
do
do
Stocks (gross) , mill, end of period
do
Price, wholesale, Ponderosa, boards, No. 3, 1" x
12", R. L. (6' and over)
$ per M bd. ft._
1
90.68
2
91. 45
98.65
110. 95
111.50
112. 12
116. 72
125. 72
129.92
128. 88
226. 54 2 228. 10
228. 10
228. 10
228. 10
224.99
224.22
224. 22
232.02
232. 02
744
431
802
484
791
432
887
458
788
457
865
465
840
476
724
440
690
405
641
620
670
686
739
749
797
843
842
861
779
789
820
857
805
830
721
747
715
725
1,348
1,376
1,331
1,339
1,355
1,376
1,360
1,350
1,304
1,285
1,275
1,238
1,213
1,205
1,195
75,687
78,418
5, 557
5,100
6,405
5,638
4,785
4,887
6,232
6,173
6,091
6,931
8,563
5,140
6,973
127.5
107.9
109.8
112.7
110.7
109.7
112.7
119.8
124.5
127.1
130.7
133.2
140.7
143.2
143.2
119.8
122.9
123.3
123.9
123.9
123.3
125.0
127.8
129.6
131.3
131.3
132.6
136.0
136.0
136.0
9,593
364
9,341
334
887
379
812
354
646
307
688
334
746
445
778
424
869
374
925
386
845
356
973
374
940
437
872
368
971
365
9,999
9,768
9,378
9,371
900
918
860
837
684
693
646
661
638
635
740
799
924
919
931
913
823
875
876
955
868
877
914
941
974
974
1,627
1,634
1,635
1,658
1,649
1,634
1,637
1,578
1,583
1,601
1,549
1,470
1,461
1,437
1,437
107. 18
83.79
81.31
78.54
75. 64
74.90
72.36
75.01
84.94
101. 21
99.29
92.70
96.40
106.24
109. 10
380.6
12.0
304.4
9.1
25.6
9.3
23.6
7.8
19.7
7.0
26.6
9.1
25.5
9.7
24.6
10.5
25.6
9.4
25.2
9.3
27.7
9.3
32.1
11.6
32.3
14.5
27.0
10.0
26.9
8.4
393.1
387.8
29.6
315.2
306.7
33.3
29.0
27.4
31.2
28.3
25.2
33.6
22.2
20.5
35.5
23.9
24.7
33.3
23.2
23.8
32.8
24.5
23.8
33.5
28.7
26.8
35.4
28.2
25.2
38.1
24.7
27.7
35.2
25.4
29.9
32.5
25.0
29.4
28.1
28.3
31.3
25.1
37.3
27.8
24.6
HARDWOOD FLOORING
Oak:
Orders, new
.
_
Orders, unfilled, end of period
mil. bd. ft
do
Production... ._
Shipments
Stocks (gross) , mill, end of period
do
do
do
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products... _ _ _ _ _ thous. sh. tons
Scrap.
- -_ _
do
Pig iron..
do
i 5, 229
9,176
44
7,053
10, 365
310
398
832
20
379
722
18
355
781
18
299
730
43
Imports:
Steel mill products
Scrap
_.
Pig iron _ _
14, 034
412
417
13, 364
346
266
1,277
23
33
1,334
31
26
1,714
35
14
1
56, 287
» 36, 929
i 194, 816
6,552
1
52, 464
1
33, 889
1
4,450
2,705
6,984
7,008
4,269
2,940
6,814
7,346
r
258
641
1
199
460
(3)
186
472
3
189
526
7
183
642
1
249
579
5
'298
440
5
••164
552
4
286
794
3
1,347
29
49
1,305
28
6
1,230
18
5
1,254
24
7
1,363
26
31
1,792
20
26
2,112
30
40
1.688
24
37
1,554
33
39
1,780
37
54
3,817
2,519
6,157
7, 585
4,079
2,541
6,542
7,668
4,491
2,664
7,512
8,048
4,436
2,870
7,280
7,420
5,145
3,319
8,373
7,518
6,022
3,069
8,304
7,301
5,066
3,084
8,308
7,195
4,771
3,180
7,565
7,597
4,012
2,416
6,262
7,780
' 2, 656
' 2, 116
' 4, 583
' 7, 863
*2,908
v 2, 316
v 5, 162
9 7, 925
29.76
40.72
42.36
41.78
35.51
32.00
42.00
42.50
44.00
38.50
r
Revised.
p Preliminary.
1 Annual data; monthly revisions are not available.
2
Beginning Jan. 1971, data reflect changes in size specifications, and are not comparable
with those for earlier periods.
3 Less than 500 tons.
9 Totals include data for types of lumber not shown separately.
IFData for orders, production, shipments, and stocks have been revised back to 1962;
34.98
38.00
39.62
41.50
40.14
40.75
36.26
39.00
33.33
37.00
34.29
37.60
31.62
36.50
31.24
35.50
29.90
36.00
31.78
36.00
.
. . . .
do
do
do
Iron and Steel Scrap
Production.. _
Receipts, net |_
_ __ ...
Consumption
Stocks, end of period
.
thous. sh. tons
.
do
do
do
Prices, steel scrap, No. 1 heavy melting:
Composite (5 markets)
$ per Ig. ton
Pittsburgh district
do...
85, 188
7,668
corresponding monthly revisions are available for 1968 and 1969 only.
t Receipts previously shown for the period Apr. 1967-Sept. 1969 have been corrected to
represent net receipts (i.e., less scrap shipped, transferred, or otherwise disposed of during the
period); data comparable with the net receipts shown thro ugh Mar. 1967 appear in the Feb.
1970 SURVEY, p. S-31.
SUEVEY OF CURRENT BUSINESS
S-32
1969 j
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1970
1970
Annual
November 1971
Sept.
Oct.
1971
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Ore
Iron ore (operations in all U.S. districts):
Mine production
thous. Ig tons
Shipments from mines
do
Imports
.__
, __
do
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
do
Consumption at iron and steel plants
do
Exports. ._ __
do
Stocks, total, end of period
At mines
At furnace yards
__
At U.S. docks
Manganese (mn . content) , general imports
do
do
do
do
88, 260
90, 581
40, 758
i1 89 836
89,057
44, 876
8 899
10 952
5,222
8,260
9,658
3,818
5 991
6 815
3,448
5,961
3,966
3,158
5,350
2,137
1,954
5,228
2,168
878
5,898
2,646
3,678
6,345
5,439
3,525
9 158
10 495
4,643
9,071
11,047
5,385
9,011
10, 623
5,124
6,737
8,264
3,969
2,920
126 165
128, 550
5,430
125 107
123 261
5,494
14 483
10, 056
667
12 593
10 200
561
9 582
9 607
423
8 020
10 173
271
4 050
10 609
239
4 220
9,946
98
4,880
11, 495
373
8 684
11 054
366
14, 169
11,703
351
16, 042
10, 536
325
14, 780
9,168
356
11 153
5 041
187
11, 695
6,902
203
67 441
13, 790
51,003
2 648
70 488
14, 304
52, 781
3 403
70 286
14 615
52 565
3 106
71 718
13 223
54 958
3 537
71 007
12 416
54 933
3 658
70, 488
14, 304
52. 781
3^403
66, 820
17, 529
46, 182
3 J09
64,198
21, 084
40,477
2 637
59, 898
24, 372
33,860
1,666
57, 762
25, 301
31,490
971
59 124
24 001
33, 957
1,166
62,929
22,067
39,463
1,409
67,306
20, 498
46, 086
1,723
71 854
18,605
51,197
2 052
55, 941
2,376
1 124
990
81
117
98
115
54
49
74
93
93
114
143
119
99
91 435
90 068
2,082
7 414
7,402
1,814
7 527
7 499
1,833
7 233
7 074
1 856
7,557
7,440
2,082
7 804
7,552
1,928
7,378
7,298
1,937
8 518
8,492
1,885
8 421
8 387
1 860
8 783
8 714
1 835
7,930
7,883
1,859
3,701
5,148
6,851
6,751 ' 3, 339 P 4, 502
1,888 ' 1,940 P 1,911
63.78
64 00
64 33
69.33
69 26
70 33
72.65
73 33
74 50
73.70
73 33
74 50
73.70
73 33
74 50
73.70
73 33
74 50
73.70
73 33
74 50
73.70
73 33
74 50
73.70
73 33
74.50
73.70
73 33
74.50
73.70
73 33
74 50
78.70
73.33
74.50
78.70
78.33
79.60
78.70
78.33
79.50
1 091
15, 933
9 185
888
13 946
8 173
911
1,150
685
843
1 087
662
826
929
550
888
1,047
594
964
1,140
643
967
1,129
633
991
1,325
744
1 003
1,292
752
942
1,278
757
914
1,290
111
842
1,004
646
811
973
648
117
1,172
672
78
852
521
91
63
44
72
58
42
90
53
38
78
73
43
78
75
42
71
73
36
73
82
45
67
77
44
65
76
43
68
78
46
75
54
33
84
73
42
10, 726
102 6
10, 699
99 0
10,008
95 7
10, 438
96 6
11,274
104 3
10,874
111 4
12,645
117 0
12,565
120 2
12, 920
119 6
11,491
109.9
9,942
92.0
5,774
53.4
334
137
116
318
146
123
01 a
321
141
116
334
129
106
336
136
111
338
157
128
325
145
120
303
154
126
310
109
88
295
111
91
1
1
1
do
Pig Iron and Iron Products
Pig iron:
Production (excluding production of ferroalloys)
thous sh tons
Consumption do
Stocks, end of period... . . . .
do
Prices:
Composite
$ per Ig. ton_.
Basic (furnace)
do
Foundry, No. 2, Northern
do
Castings, gray iron:
Orders, unfilled, for sale, end of period
thous sh tons
Shipments, total
.
do
For sale
_
do
Castings, malleable iron:
Orders, unfilled, for sale, end of period
thous sh tons
Shipments, total
_
do
For sale
_.
do
1
95 017
94, 635
1, 723
1
1
78.70
78.33
79.50
78.70
Steel, Raw and Semifinished
Steel (raw):
Production
thous. sh. tons.. i 141, 262 1131,514
Index
daily average 1967 — 100
111 0
103 4
Steel castings:
Orders, unfilled, for sale, end of period
446
321
Shipments, total
do
1 897
1 726
For sale, total
do
1 580
1 417
124
102
Oil
141
113
7,678 » 8,077
73.4 *74.8
Steel Mill Products
Steel products, net shipments:
By product:
Semifinished products
Structural shapes (heavy), steel piling
Plates
Rails and accessories
Bars and tool steel, total . . .
Bars: Hot rolled (inch light shapes)
Reinforcing _
Cold
finished
.
Pipe and tubing
_
Wire and wire products
.
Tin mill products
Sheets and strip (incl. electrical), total
Sheets: Hot rolled
_
Cold rolled
By market (quarterly shipments):
Service centers and distributors
Construction, incl. maintenance
Automotive
f)9fi
9 470
9 310
9 163
3 703
4,522
do
do
do
do
6,373
6,244
8 238
1 614
7,387
6,060
8 065
1 590
526
490
632
90
601
505
608
105
501
457
592
123
496
456
654
160
434
569
807
129
403
632
969
136
530
541
835
175
558
530
761
155
452
554
802
156
497
617
860
167
454
631
871
161
144
190
267
65
354
313
395
89
do
do
do
do
do
do
do
do
do
do
14, 354
8,659
3,659
1,923
9,232
3,256
6,555
38,111
12, 471
16, 427
14, 577
8,107
4,891
1,490
7,778
2,998
7,243
35, 101
12,319
14, 250
1,156
625
403
121
638
255
1,151
2,831
973
1,120
1,149
607
424
112
605
250
419
2,625
880
1,060
1,041
541
399
95
515
200
345
2,345
771
963
1,135
644
387
98
582
211
391
2,864
931
1,248
1,173
732
322
113
593
230
583
2,992
946
1,318
1,240
783
334
117
569
207
419
2,987
956
1,296
1,592
1,008
431
147
730
248
551
3,823
1,216
1, 673
1,554
949
441
157
1,013
289
635
3,974
1,224
1,802
1,447
861
441
138
750
289
749
4,141
1,316
1,825
1,472
844
476
146
769
310
865
4,252
1,394
1,430
796
509
118
815
312
1,040
3,448
1, 228
703
310
307
79
492
138
229
1,475
471
810
354
336
82
428
170
328
1,634
562
do
do
i 17, 565
i 11, 402
2813
436
2
862
2
1 18, 276
4,502
2,794
1, 193
3,830
4,206
2,523
do
117,678
110,
565
1
4, 440
U4,475
i 3, 344
i 5 Qgo
i 7, 145
i 25, 687
*3,098
i1 5 169
7, 775
127 598
609
1 212
2,536
6 362
69.3
70.0
9. 4
67.1
67.5
5.5
5.3
7 767
1 03 Q77
Rail transportation!
do
Machinery industrial equip tools
do
Containers, packaging, ship, materials... do _
Other...
do
fi 1 1 Q
Steel mill products, inventories, end of period:
Receipts during period „
Consumption during period
do
do
9
R
Producing mills:
In process (ingots semifinished etc )
do
Finished (sheets, plates, bars, pipe, etc.). do
4.8
5.0
9
4.3
4.6
K
12 1
9.7
12 8
10.0
Steel (carbon), finished, composite price. ..$ per lb..
.1046
.1014
.1038
. 0917
r
1
Revised.
»Preliminary.
Annual data; monthly revisions are not available.
2
For month shown.
.1046
11 7
10.2
12 8
10.5
11 9
9.2
&
QAQ
7
Knn
7
ceo
9
2,966
4,482
2,511
1 OCK
5,268
4,916 2 1, 794
3,155 M,183
2
1 642
583
6,653 2 1, 333
696
1 097
1,324
6,095
929
1 501
1,739
6,420
950
1,636
2,412
7,256
2312
2475
21,039
2 2, 443
15 9
6.3
5.0
9 c>
7
ij
7.3
6.1
13 0
7.3
6.0
14 6
7.9
6.3
7 0
7 6
76
74
12 3
11.3
11 8
11.0
11.7
10.5
10.9
9.3
5.5
5.5
5.3
5.7
5.6
10 5
7.2
6.4
7 9
ft Q
fi Q
12 8
10.5
13 5
10'.5
12 9
11.0
9
A
5.7
9
n
r
2
2211
2602
289
2179
2261
21,113
' 14.6
'3.8
5.1
550
2 257
2
70l
2156
2228
2343
2 1, 435
13 2
4.2
5.6
7.7
79
10.2
7.5
fifiQ
r
10.4
'7.8
10.9
8.6
.1129
.1129
.1123
.1100
.1069
.1056
.1046
.1056
.1046
.1046
.1046
NOTE FOR LEAD STOCKS, P. S-33: ^Decrease? rom Dec. 31 stocks reflects correction
for one large consumer. Endof-montn stocks as published for Sept. 1968-Dec. 1970 were
erroneously increased about 2,500 tons per month. Revised Dec. 31, 1970 stocks comparable
with Jan. 31, 1971 stocks, 117,700 tons.
_ .
NOTE FOR ZINC PRICE, P. S-33: d"Effective Jan. 1971, the price represents a flat
quotation, delivered basis, for all domestic sales (the former East St. Louis base price has
been discontinued); comparable delivered price for Dec. 1970,15.5 cents per pound.
SURVEY OF CURRENT BUSINESS
November 1971
1970
1969
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
Annual
S-33
1970
Sept.
Oct.
1971
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tons.. 3,1 793. 1 3, 976. 1
978. 0
835.0
Recovery from scrap (aluminum content).. do
Imports (general):
Metal and alloys, crude
Plates, sheets, etc_
. .
Exports, metal and alloys, crude
- - d o
. - .do
do
323.0
68.0
334.6
68.0
327.0
60.0
345.2
70.0
331.9
62.0
304.3
67.0
338.8
78.0
327.1
75.0
341.8
72.0
325.0
74.0
329.5
59.0
333.4
468.6
57.2
344. 4
350.2
78.7
408.5
20.0
5.6
26.9
23.7
5.2
26.9
21.1
5.5
15.9
28.1
5.4
28.0
34.3
6.1
15.8
29.1
5.0
14.3
44.7
6.0
11.0
95.7
6.4
11.3
63.4
7.5
8.0
60.9
7.1
10.3
46.6
6.8
3. 6
38.1
5.7
5.6
43.7
7.4
12.6
.2872
.2900
.2900
.2900
.2900
.2900
.2900
.2900
.2900
.2900
.2900
.2900
.2900
.2900
824.5
637.9
334.7
117.4
808.9
614.6
298.0
114.3
713.4
541.1
260.2
99.7
812.8
584.4
297.2
121.3
768.6
581.0
292.2
121. 3
768.7
574.8
280.1
128.0
943.9 1, 067. 5
741.8
769.6
397.3 416.1
145.4
134.9
1,119.8
839.1
467.1
134.1
746.8 «• 689. 7
580.1 r 564. 1
258.2 ' 278. 1
140.8
97.1
812.5
658.4
344.3
123.4
4,741
Price, primary ingot, 99.5% minimum..-! per lb_.
.2718
Aluminum products:
Shipments:
Ingot and mill prod, (net ship.)§
mil. lb-_
Mill products, total §. ... . .
do
Plate and sheet §
do
CastingsA
- - do
10,717.5
7, 666. 3
3, 726. 8
1, 698. 1
Inventories, total (ingot, mill prod., and scrap),
end of period*
mil. Ib
3,785
4,387
4,102
4,144
4,279
4,387
4,469
4,496
4,477
4,443
4,274
4,465 ' 4, 662
Copper:
Production:
Mine, recoverable copper
thous. sh. tons.. 1, 544. 6
1,742.8
Refinery, primary
do
1, 468. 9
From domestic ores
do
273.9
From foreign ores _ .
do
465.6
Secondary, recovered as refined
do
1, 705. 8
1, 765. 1
1,521.2
243.9
475.0
139.5
130.5
114.2
16.3
35.9
148.6
149. 3
127.3
22.0
37.3
138.7
143.0
122. 8
20.2
35.1
139.1
170.2
144.8
25.4
39.2
137.8
148.5
129.9
18.6
37.0
129.6
142.3
124.3
18.1
31.0
143.1
170.5
144.8
25.7
33.9
141.3
160.0
141.6
18.4
28.8
145.4
150.0
136.4
13.7
34.7
150.4
166.4
148.4
18.0
31.8
49.2
42.6
38.7
4.0
15.2
415.1
131.1
391. 2
132.1
45.5
18.8
36.0
13.6
37.1
13.4
35.0
9.5
27.2
12.1
32.7
8.6
26.1
9.9
26.4
11.6
21.9
7.4
35.4
9.9
286.2
200.3
348.9
222.0
24.8
13.6
35.2
17.4
32.5
15.6
33.0
18.2
34.6
22.9
27.6
18.7
38.6
26.3
37.0
23.7
32.9
23.9
24.8
17.5
i 2, 042
348. 0
187. 0
177.6
227.0
166.3
164.4
248. 7
168.5
153.3
306.9
171.3
150.8
348.0
187.0
149.4
373.3
200.0
166.3
385.8
211.3
187.6
380.6
216.3
192.0
365.3
234.1
205. 7
334.3
223. 9
202.6 * 107. 4 p 154.5 p 151.9
294.1 p 264. 0 v 229.8 P 224.4
223.8 v 204. 2 p 168.9 p 143.6
*. 583
.601
.590
.561
.531
.5152
.5035
.5055
.5283
.5284
.5284
3,111
2,524
853
2,513
2, 329
751
551
551
166
509.0
603. 9
i 571. 8
590.4
48.6
48.2
46.5
53.5
48.5
49.6
45.3
52.3
45.3
46.4
41.9
48.1
52.7
47.0
47.1
50.8
45.6
48.1
45.7
46.4
'45.2
42.4
48.5
46.1
Imports (general), or? (lead cont.), metal.. .do
Consumption, total
_ _ do
389.6
357.1
1, 389. 4 U, 360. 6
31.4
111.8
35. 1
113.5
23.5
102. 3
27.5
113.2
34.1
113.6
22.1
109.6
21.7
119.5
21 2
117*. 4
24.3
116. 2
18.5
115. 9
18.7
94.8
13.9
119.5
24.4
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content), ABMS
_. .thous. sh. tons__
Refiners' (primary), refined and antimonial
(lead content)^
.thous. sh. tons_Consumers' (lead content) d" ...
do
Scrap (lead-base, purchased), all smelters
(gross weight)
thous. sh. tons. _
Price, common grade (N.Y.)._
$perlb__
165. 7
179.4
162. 2
179.0
178.2
179.4
179.5
177.6
186.3
190.3
186.1
182.5
169.5
163.1
164.4
125.7
1
156. 4
97.7
188.4
86.2
178.8
90.5
178.8
93.2
183.1
97.7
188.4
98.5
6 113. 1
96.2
116.5
88.8
120.2
84.7
121.8
83.6
121.5
76.6
131.8
87.3
133.8
74.3
126.4
173.6
.1490
67.9
.1562
73.4
.1452
67.2
.1450
68.3
.1450
67.9
.1414
67.6
.1350
65.3
.1350
65.7
.1350
65.8
.1350
65.0
.1350
64.5
.1365
68.3
.1413
67.3
.1412
.1412
Tin:
Imports (for consumption) :
Ore (tin content)
.
lg. tons
Bars, pigs, etc
_
.
do
Recovery from scrap, total (tin cont.)
do
As metal
__
do
Consumption, total
...
do
Primary
do
0
54, 950
i 22, 775
1 3, 022
i 80, 790
i 57, 730
4,667
50, 554
1 20, 105
3,085
i 73,829
i 53,027
591
5,693
1, 730
215
6,240
4,565
487
3,114
1,770
250
5, 860
4,440
0
3,810
1,580
275
5,515
4,110
507
5,523
1,610
275
5,690
4,315
0
3,659
1,690
205
5, 830
4,500
0
1,635
1,595
285
5,660
4,160
0
4,703
1,765
280
6,355
4,715
10
4,478
1,805
256
6,305
4,710
430
4,100
1,680
285
6,175
4,615
0
5,541
1,373
280
6,240
4,625
1,091
2,059
1,305
255
5,605
4,335
12
597
5,207
Exports, incl. reexports (metal)
do
Stocks, pig (industrial), end of neriod - . do
Price, pig, Straits (N.Y.), prompt
$ per Ib
3,217
13, 824
1. 6444
4,966
83
11,318 11, 705
1. 7414 1. 7474
1,233
11,965
1. 7365
233
11,690
1. 7225
796
11,318
1. 6385
305
74
8,970
10, 000
1. 6164 1. 6286
570
8,155
1. 6701
138
8. 495
1. 6888
125
9, 510
1. 6602
79
10, 600
1. 6448
376
10, 340
1.6644
Imports (general) :
Refined, unrefined, scrap (copper cont.).. do
Refined
do
Exports:
Refined and scrap
do-Refined
._
do
Consumption, refined (by mills, etc.)
do
Stocks, refined, end of period
.'
do
Fabricators'
do
Price, electrolytic (wirebars), dom., delivered}:
$ per lb_-
1
1
1
Copper-base mill and foundry products, shipments
(quarterly total):
Brass mill products
mil. lb_.
Copper wire mill products (copper cont.) ---do
Brass and bronze foundry products . __ do
Lead:
Production:
Mine, recoverable lead
thous. sh. tons__
Recovered from scrap (lead cont.)_ _
do
Zinc:
Mine prod., recoverable zinc
Imports (general) :
Ores (zinc content)
Metal (slab, blocks)...
-
1
1
9, 941. 9
17,386.2
3, 688. 6
1, 506. 5
2, 142
171.0
125. 0
1
1
.4793
2
551
542
171
647
564
174
'74.0
'63.2
10.9
24.5
122.7
103.1
90.9
12.1
29.8
28.9
12.4
37.0
23.2
41.5
20.2
8.5
4.6
10.1
5.4
16.4
10.4
r 104.
5
.5290
5,206
5,185
398
11, 205
1. 6607
553.1
i 534. 1
43.5
43.2
43.4
43.4
41.6
40.7
43.7
41.4
43.8
43.5
'38.0
40.4
525.8
270.4
42.1
19.4
31.5
32.1
33.0
18.9
45.5
30.9
37.4
17.9
33.3
14.5
37.5
29.1
32.9
22.7
25.8
21.2
40.9
27.1
21.0
30.3
18.1
28.5
Consumption (recoverable zinc content):
Ores
_ .
do
Scrap, all types
_.. do
i 126. 7
i 302. 1
1 124. 8
256. 7
10.7
18.2
8.8
19.0
9.1
18.9
7.6
19.0
8.0
18.7
8.9
18.5
8.6
19.9
10.8
19.2
10.0
18.9
11.0
18.4
10.8
20.3
10.8
21.1
70.9
5.1
93.6
.1
71.6
6.9
96.4
4.8
69.2
5.6
99.3
2.2
74.2
7.4
111.5
1.7
75.8
6.8
116.7
1.1
74.5
6.3
115.6
1.3
65.7
6.6
110.6
2.1
50.1
5.3
95.3
0
51.7
5.6
97.5
(3)
Slab zinc:
Production (primary smelter), from domestic
and foreign ores
... thous. sh. tons.. M,040.6 1 880. 6
68.8
66.7
65.2
Secondary (redistilled) production
do
170.6
74.4
7.0
7.8
6.4
Consumption, fabricators. .
_ ._ do
1 1, 368. 3 1 1,187.0 100.5
97.8
88.8
Exports
_
do
9.3
.3
(3)
(3)
(3)
Stocks, end of period:
Producers', at smelter (ZI) O
do
167.7
113.6
i1 98. 3
112.8
118.6
Consumers'
_
_
do
i 100. 5
79.0
81.8
89.6
79.0
Price, Prime Western (East St. Louis). $ per lb..
.1460
.1532
.1500
.1500
.1500
r
Revised.
* Preliminary.3
1 Annual data; menthly rev isions are not avai lable.
2
4
Average for Feb -Dec.
Less than 50 tons.
Beginni ig Feb. 19 70, the n ew METJ!^LS
WEEK price (based on mine production rates and 1niown se ling price s of U.S . producers
only)
is not comparable with prices for earlier month s.
5 Se e note 6" , Dottom c)f p. S-32
6
See note 1, p. S-32.
§ Revised monthly data (K68-69) arc available
A Revised data (1966-68) are in the Apr. 1970 SURV EY.
*> [ew series Source, U.S. De pt.
of Commerce; monthly data back to Jan. 1967 are av ailable.
127.3
88.2
. 1500
.1416
3,760
602.1
324.7
1
.5284
754
649
187
... do
do
thous. sh. tons
.5289
.2900
400
1. 6729
1. 6770
24.0
41.7
0
128.3
119.8
99.4
84.3
80.7
65.2
51.1
68.5
62.6
56.9
80.4
80.0
89.7
99. 2
90.6
109.3
114.8
100.8
s. 1500 5.1500 5. 1507 s. 1550 5. 1578 s. 1600 5.1619 1 5. 1700 1 5.1700 5. 1700
JPric es show n are av erages of delivere 3 prices; average iifferenti al betwe en the delivered
and th i refineryi price is 0.400 cen ts per Ib . througr 1969, 0. 300 cents for perio d Jan. 1970-Apr.
1971, a nd 0.625 cents the re after,
c?Consumers ' and secondary smelters' lead stoc ks in re inery si" apes an 1 in copper-base
scrap. See not e"1,"p. S-32.
OPr oducers' stocks el sewhere, end of C)ct. 1971, 14,800 tc)11S.
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1970
1969
November 1971
1970
Sept.
Annual
Oct.
1971
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
METALS AND MANUFACTURES—Continued
HEATING EQUIPMENT, EXC. ELECTRIC
Radiators and convectors, shipments:
Cast-iron
mil sq ft radiation
N on ferrous
do
Oil burners:
Shipments
thous
Stocks end of period
do
Ranges, gas, domestic cooking (incl. free -standing,
set-in, high-oven ranges, and built-in oven
broilers) shipments
thous
Top burner sections (4-burner ecjuiv ) ship do
Stoves domestic heating shipments total
do
Gas
do
Warm-air furnaces (forced-air and gravity air-flow),
Gas
Water heaters gas shipments
do
do
J
7.0
78.5
.4
.4
.4
647.0
77.0
87.3
62.9
i 2,324.5 2 2,2 156. 7
146. 3
198 7
236.1
14.9
217.1
13 8
185.7
13 6
i 1,494.8
i 1 043.2
1, 286. 9
887.4
157.6
112.7
201.4
146 8
127.3
95 9
72.6
44.1
1 1 868 6 1 904.4
i 1 546.6 1, 481. 0
2 784.6 2, 789. 0
203.0
150.0
226.7
215 5
160 7
254.4
186 4
132 5
200.1
161.6
120.1
201.8
109 4
155.6
132.3
319.6
16 3
99.0
113.1
16 4
58 3
!
1
523. 8
49.3
142.2
MACHINERY AND EQUIPMENT
Foundry
equipment (new), new orders, net
mo avg shipments 1967 — 100
Furnaces (industrial) and ovens, etc., new orders
(domestic) net quarterly total
mil $
TT • 1 fi r? f r
f
b t
IT
"t
!">
d
Material handling equipment (industrial):
Orders (new) index seas adit
1967 — 100
Industrial trucks (electric), shipments:
Hand (motorized)
number
Rider-type
do
Industrial trucks and tractors (internal combustion
engines), shipments
number
Machine tools:
Metal cutting type tools:
Orders new (net) total
Domestic
Shipments total
Domestic
Order backlog end of period
Metal forming type tools:
Orders, new (net), total
Domestic
Shipments, total
Domestic
Order backlog, end of period
mil $
do
do
do
do
do
do
do
do
do
Other machinery and equip., qtrly. shipments:
Tractors used in construction:
Tracklaying, total
mil $
Wheel (contractors' 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 $
88.
5
1
81
1
43.9
129 8
82.4
118.9
102. 7
54 9
15.8
52 2
56.9
12.5
8
5 8
23 1
18
15 0
73 1
53.2
80.2
48.4
19 4
14.1
5 1 3
5 11 6
5 1.8
5
5. 9
124 8
103.3
99 1
110 5
121 2
88.5
93 9
103. 1
95.8
79.6
88 8
97 0
127 5
106.2
14, 579
14, 903
13, 816
14, 811
1,093
1,183
1,318
1,019
1,063
1,194
1,054
1,265
973
972
890
1,044
1,161
1, 470
1,179
1,299
984
1,120
1,080
1,129
969
1,210
934
889
1,112
1,299
50, 446
41, 194
3,685
3,114
2,873
3,112
3,637
3,485
4,890
4,233
3,605
3,612
4,668
3,441
4,209
1, 195. 30
1,032.65
1 192.45
1 077.45
812.4
651. 30
506. 75
992. 90
827. 35
470.7
44.15
35.75
83.35
67.00
577.7
36.70
28,65
70.95
60.40
543.4
29.00
21.00
55 80
45 70
516 6
39.70
26.95
85.60
67.50
470.7
36.75
27.30
57 65
43.50
449 8
39 00
31 70
59 40
47 65
429 4
43.00
36.50
64 85
51 75
407 6
42.30
36.60
71.75
60.15
378.2
46.85
41.30
52 55
44.20
372 5
64.20
50.90
60.75
49.85
376.0
55.15
45.85
45.30
39.55
385.9
60.40
54.50
40.90
33.35
405.4
49.85
44.15
58.80
47.25
396.5
533. 45
484. 35
405. 10
369. 30
382.8
261. 25
226. 60
450. 15
411. 60
234.8
23.85
22.25
31.40
28.90
263.1
38.35
36.25
35.25
33.15
266.2
9.85
8 80
35. 35
30.75
240.7
29.75
19.10
35. 70
32.15
234.8
17. 45
15.90
31.15
29.00
221.1
20 10
16 95
31 50
28 30
209 7
25.25
22 65
30 25
28.30
204 7
13.30
12.60
26.25
24. 75
191.8
24.90
23.00
26 50
22.50
190. 2
20.85
17.85
28.45
26.90
182.6
22.85
20.35
19.45
17. 15
186.0
17.90
14.65
21.65
16.90
182.3
25.95
24.70
21.45
18.35
186.8
1
475. 6
179 1
i 464. 6
1
170 5
121.7
45 7
141.3
839.1
3 29.1
333.5
610 2
1
3
101.7
24.8
150 2
35 0
6
8
581. 1
139.5
130.2
172 7
177.7
* 847 0
178 2
199.7
214 5
238.1
3 53.8
1 151 6
1 178 7
284 6
255 7
35 510
37 863
4 306
4 017
3 928
3 865
3 480
2 §92
2 516
1 943
2 192
2 528
2 848
«• 3 606
4,414
2342 3
2 361 6
225.5
225.9
203 3
174 8
170 0
178 8
224 4
212.0
212.3
234.8
228.8
254.5
233.0
135 3
535. 5
145.1
828.0
142.0
570.9
91.4
692.2
827.5
495. 0
1
881 4
r
59.7
ELECTRICAL EQUIPMENT
Household electrical appliances:
Ranges, incl. built-ins, shipments (manufacturers') domestic and export
thous
Refrigerators and home freezers, output
1967—100
Vacuum cleaners, sales billed
thous
Washers, sales (dom. and export) d*
do
Dryers (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, qtrlyA
1967 — 100
7 133.7
118 4
7 381.7
758.0
722. 5
650.2
541.0
546 0
698 7
141 2
653. 1
147. 5
655.8
4 378 5
4 093.3
387.6
399.6
348.5
289.1
351 3
328 9
370 0
303.4
304.4
398.8
399.3
424.3
3 022 5
2 Q8o 9
335 9
359 3
288 1
243 3
273 1
215 6
250 1
182 4
177 4
259 6
259 2
324 0
370.1
20 549
11, 270
16 406
9,483
1, 585
* 1,054
1,285
965
1 119
945
1,4 458
962
1,449
719 1
1 428 * 1,864
811 4 1, 016
1,498
867
1,487
889
* 1, 690
* 1, 114
983
705
1,149
844
4 1, 843
* 1, 195
770 7
643 1
56 3
47 0
49 7
46 4
41 6
44 4
42 5
41 1
45 7
36 1
40 6
45 9
98
98
106
4
4
90
40 8
86
1,725
912
91
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
618
'765
810
Production
thous. sh. tons.. 10, 473 19,481
779
618
738
793
790
794
652
777
'880
722
'895
105
76
36
66
Exports .
do
92
69
78
75
80
16
17
135
100
627
789
Price, wholesale, chestnut, f.o.b. car at mine
$ per sh. ton.. 15. 100
16. 565 16.640 16. 993 18. 169 18. 169 18. 365 18. 365 18. 365 18. 365 17. 581 16. 856 17. 346 17. 346 17. 444
Bituminous:
Production
thous. sh. tons.. 560, 506 602,932 r 54, 324 ' 55, 859 ' 51, 182 ' 53, 018 ' 50, 430 46, 900 i)6, 755 55, 575 50, 640 '51,615 38, 965 55, 075 53, 225 13, 115
r
^Revised to exclude combination washer-dryers.
{Revised series. Data reflect adjustRevised.
v Preliminary.
1 Annual data; monthly revisions are not available.
2
ment to 1967 Census of Manufactures; monthly revisions (1957-69) are available.
Total for 11 months.
s For month shown.
< Data cover 5 weeks; other periods,
ORadio production comprises table, portable battery, auto, and clock models; television
4 weeks.
« Effective 1st qtr. 1971, includes data for ovens; not comparable with earlier data
sets cover monochrome and color units.
AShifted to 1967 base; 1st quarter 1969-lst quarter
which cover furnaces only.
« Excludes figures for rubber-tired dozers (included for other
periods).
1970:102; 115; 104; 103; 105.
jSee corresponding note, p. S-35.
SURVEY OF CURRENT BUSINESS
November 1971
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1969
1970
Annual
S~35
1970
Sept.
Oct.
1971
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
PETROLEUM, COAL, AND PRODUCTS—Continued
COAL— Continued
Bituminous— Continued
Industrial consumption and retail deliveries,
total 9
_
thous. sh. tons
Electric power utilities -..
do_
Mfg. and mining industries, total
do
Coke plants (oven and beehive)
do
Retail deliveries to other consumers
do
Stocks, industrial and retail dealers', end of period,
total
-__
thous. sh. tons
"Electric power utilities
do.__
Mfg. and mining industries, total
do
Oven-coke plants
_
do
Retail dealers _
.
_
do
517, 015
320, 461
186, 183
95, 864
41, 713
26, 424
14, 386
7,917
42, 465
25, 254
16, 057
8,317
43,813
26, 453
16, 245
8, 068
48, 036
29, 481
17. 436
8, 296
49, 199
30, 804
17, 395
8,239
43, 698
27, 127
15, 733
7,393
45, 513
28, 040
16,849
8,380
40, 895
25, 103
U, 522
8,157
39, 755
24, 807
14, 784
8,307
12, 666
10, 073
866
1,117
1,088
1,109
1,000
838
619
245
138
80, 482
60, 597
19,701
8,962
71, 285
59, 685
66, 087
69,681
71, 285
68, 643
67,001
69, 982
77, 527
7,112
8,180
8,674
8,924
8,489
8, 237
8,966
9,804
184
41, 926 ' 40, 634
28, 154 ' 28, 004
13, 642 12,439
7,723
7,007
38, 082
27, 783
10, 079
5,164
162
194
83, 432
87, 423 "85,147
91, 722
10, 642
10, 849
8, 517
10, 369
100
(3)
(3)
8,924
(3)
56, 234
70, 908
6.520
7,267
5,633
6,725
4,250
4,302
4,261
5,004
6,140
5,679
4,174
7,107
6,766
6.052
7.487
7,641
9,647
8.858
10.057
9.747
10. 921
9.747
11. 533
9.747
11. 533
9.747
11. 658
9.316
11. 658
9.316
11. 658
9.810
11. 200
9,719
11. 200
9.719
11. 200
9.719
10. 890
9.719
10. 890
9.719
10. 890
thous. sh. tons
do
do
710
64, 014
20, 574
814
65, 654
21, 074
66
5,425
1,799
61
5,680
1,755
68
5, 537
1,743
68
5,672
1, 845
59
5,647
1,803
60
5,054
1,652
78
5,752
1,853
68
5,621
1,832
77
5,693
1,803
76
5,268
1,821
67
4,816
1,835
55
3, 455
1,950
do_
do
do
__ _. do.
do
3,120
3,020
99
1,040
1,629
4,113
4,018
95
1.059
2,514
3,057
3,019
37
1,094
286
3,433
3,388
46
1,081
288
3,777
3,691
86
1,036
269
4,113
4,018
95
1,059
220
4,241
4,149
92
1,089
171
4,054
3,994
60
1,127
142
3,842
3,803
39
1,170
199
3,599
3,560
39
1,151
125
3,343
3,295
48
1,248
95
3,153
3,097
56
1,192
126
3,401
3,309
92
1,319
171
3,818
3,715
103
1,539
171
2 14, 368 2 13, 020
number
3.18
$ per bbl_
3.23
mil. bbl__ 3, 879. 6 3, 967. 5
92
% of capacity
91
1,234
3.21
330.3
92
986
3.21
336.6
90
882
3.21
330.6
92
1,454
3.41
346.7
93
846
3.41
344.9
88
896
3.41
312.3
88
1, 227
3.41
345.1
88
880
3.41
336.2
86
969
3.41
332.8
83
998
3.41
344.5
89
925
3.41
355.0
88
886
3.41
352.4
87
Exports -_
.
do
Prices, wholesale:
Screenings, indust. use, f.o.b. mine
$ per sh. ton__
Domestic, large sizes, f.o.b. mine
do. ._
COKE
Production:
Beehive .
Oven (byproduct)
Petroleum coke§__ _
Stocks, end of period:
Oven-coke plants, total .
At furnace plants
At merchant plants, _ _
Petroleum coke. _.
Exports..
__-
507, 275
308, 461
185, 835
92, 901
136
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed
Price at wells (Oklahoma)
Runs to stills
Refinery operating ratio
All oils, supply, demand, and stocks:
New supply, totald"
Production:
Crude petroleum... _
Natural-gas plant liquids
Imports:
Crude and unfinished oils
Refined products
mil. bbl__ 5,111.8
5,375. 1
440.0
460.1
450.3
481.0
463. 5
422.1
482.0
452.2
437.4
457.7
461.8
469.1
do
do
3,371.8
584. 5
3, 515. 5
612.2
295.5
49.6
310.5
52.0
301.1
51.8
308.1
53.7
301.5
52.7
274.4
48.5
305.0
52.8
295.1
51.3
301.0
52.8
290.1
51.1
295.3
52.6
293.8
52.7
do
._ do
552.9
602.7
522.6
724.8
43.3
51.6
39.5
58.1
40.6
56.9
53.0
66.3
37.8
71.5
40.2
58.9
45.9
78.3
48.5
57.4
49.8
64.1
53.9
62.6
59.2
54.8
63.4
59.1
Change in stocks, all oils (decrease,—)
do
-17.4
37.7
27.0
15.6
17.9
-37.4
-36.6
-9.4
11.3
40.2
17.6
32.4
29.7
Demand, total
Exports:
Crude petroleum.. . _
Refined products
Domestic demand, total 9
Gasoline
.
Kerosene
__
do
5, 126. 6
5,331.5
413. 3
442.6
432.4
503.9
503.9
456.7
489.6
442.2
426.2
440.2
429.1
439.4
do
do
do
do
do
1.4
83.4
5, 041. 8
2, 042. 5
100.4
5.0
89.3
5,237. 3
2, 131. 2
96.0
0
81
405.1
179.8
5.5
2.0
7.7
433.0
184.7
7.5
1.6
6.3
424.5
168.4
8.7
.7
8.4
494.7
182.0
12.3
0
6.1
497.7
164.6
13.4
(0
6.7
449.9
154.6
12.7
0)
7.7
481.8
182.6
8.8
.3
8.0
433.9
187.6
6.3
0)
6,9
419.3
184.5
3.9
0
7.2
433.0
195.1
4.5
0
5.5
423.6
201.0
4.4
0
6.7
432.6
197.0
4.5
do
do
do
900.3
721.9
361. 7
927.2
804.3
350.9
58.6
50.7
31.1
69.9
58.9
30.0
78.6
61.7
28.7
110.0
80.4
30.5
125.3
85.1
28.8
107.6
73.7
29,8
99.6
87.4
30.6
79.2
64.9
28.8
66.1
64.8
28.9
60.2
63.2
30.8
54.8
54.1
29.6
57.3
58.9
31.5
do
do
do
48.8
143.3
445.6
49.7
153.5
447.4
4.3
18.8
32.3
4.5
15.9
38.5
4.1
10.6
42.7
4.0
7,8
46.5
3.6
4.8
51.6
3.7
4.9
43.7
4.1
8.1
38.2
4.5
10.4
31.3
4.0
14.0
29.2
4.8
19.9
30.1
4.6
19.4
30.4
4.3
21.9
33.5
do
do
do
do
980.1
265.2
103.5
611.4
1, 017. 9 1,009.8 1,025.4 1,043 3 1, 017. 9
259.2
276.4
265.5
271.3
276.4
106.9
106.0
107.6
109.0
106.0
643.7
635.5
652.3
663.0
635.5
980.4
269.8
101.2
609.4
943.8
266.9
97.2
579.8
934.4
267.2
96.8
570.4
945.7
271.4
105.4
568.8
986.0 1, 003. 5 1,036.0 1, 065. 7
284.3
279.3
272,4
273.2
109.5
107.5
107.0
110.4
594.1
614.7
652.4
686.3
Refined petroleum products:
Gasoline (incl. aviation):
Production
_
do
Exports
"_IIIIII"""~"do
Stocks, end of period
do
2, 028. 2
2.4
217.4
2, 105. 3
1.4
214.3
190.2
.1
214.3
185.2
.1
237.0
167.0
.3
250. 5
180.8
.1
250.6
170.4
.2
235.0
174.3
.1
226.2
181.4
.1
214.0
192.7
.1
207.2
Distillate fuel oil _
Residual fuel oil.. _
Jet fuel .
_
Lubricants _ __ _ _
Asphalt
.
Liquefied gases
_
Stocks, end of period, total
Crude petroleum
Unfinished oils, natural gasoline, etc...
Refined products
180.8
.1
199.3
177.7
.1
194.5
175.6
.1
204.0
Prices (excl. aviation):
Wholesale, ref. (Okla., group 3)
$ per gal
.116
.118
.119
.118
.120
Retail (regular grade, excl. taxes), 55 cities
(1st of following mo.)
$ per gal
.239
.237
.246
.265
.246
Aviation gasoline:
Production
mil. bbl
26.5
19.7
1.6
1.8
1.9
Exports
do
1.7
.1
.9
.1
C1)
Stocks, end of period..
do
6.2
5.1
4.6
5.0
4.7
Kerosene:
Production
do
102.9
8.2
95.7
6.2
9.2
Stocks, end of period...
do
26.8
31.0
27.8
30.3
31.5
Price, wholesale, bulk lots (N.Y. Harbor)
$per gal_.
.111
.122
.122
.118
.122
r
Revised.
1
Less than 50 thousand barrels.
2 Reflects revis ons not a Bailable b y month s.
J
Series discontinued,
^Includes small amounts of "other hydrocarbo is and Irsrdrogen r efinery i nput," ilot
shown separately.
9 Includes data not shown separately.
§ Incluc ies nonma rketable c atalyst (ioke.
-25.5
959
3.41
921
196.6
.1
208.4
.130
.130
.125
.113
.110
.125
.120
.120
.120
.120
.256
.254
.241
.238
.234
.248
.254
.254
.268
.264
1.7
.1
5.1
1.4
.1
4.9
1.7
5.' 2
1.4
.1
4.9
1.5
.1
4.6
1.5
.1
4.5
1.6
.1
4.4
1.5
.1
4.2
1.9
.1
4.1
8.5
27.8
9.5
23.9
8.4
19.7
8.3
19.2
6.7
19.5
6.0
21.6
6.5
23.6
7.2
26.4
6.1
28.0
.119
.123
.121
.123
.127
.127 ] .127
.127
.127
.127
NO1PE FOIi MAT I]RIAL HAND!,ING 11^DEX (p. S-34) : t Revised series. Index
(expan ded to cc>ver new orders re ported b y memb ers of Hoist Mfrs. Institute and Rack Mfrs.
InstitLite) is bzised on 3omposit e figures represeriting 819ro of that portion of the business
covere d by the combin ation of 8 materi al handh ng assoc iations. 1Monthly data for 1968-69
are in the Apr. 1971 SUR VEY. p. S3-35.
SURVEY OF CURRENT BUSINESS
S-36
1970
1969
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
Annual
November 1971
1970
Sept.
Oct.
1971
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
76.8
3.6
.4
145.8
77.8
3.8
.3
172.4
77.9
4.1
.3
197.0
Sept.
Oct.
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
Distillate fuel oil:
Production
mil bbl
Imports
-- -do
Exports
do
Stocks end of period
do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
$ per gal
Residual fuel oil:
Production
mil. bbl
Imports
-- -_ -- do _
Exports
do
Stocks end of period
do
Price wholesale (Okla No 6)
$ per bbl
897. 1
53.9
.9
195.3
848.4
50.9
1.1
171.7
73.4
2.8
.1
205.7
76.7
4.0
.1
216.4
75.3
5.1
(2)
218.1
80.5
6.7
.1
195.3
80.9
8.1
.3
158.7
72.3
5.5
.2
128.7
78.0
6.1
.4
112.9
76.7
3.4
2
113.7
75.1
3.3
.2
125.8
.101
.108
.112
.112
.112
.109
.113
.113
.111
.117
.117
.117
.117
.117
.117
265.9
461.6
16.9
58.4
1.48
257.5
557.8
19.8
54.0
2.25
19.9
39.1
2.8
54.0
2.60
20.0
42.9
1.2
57.1
2.60
22. 2
41.8
1.0
58.8
2.60
28.9
49.0
2.6
54.0
2.60
31.3
53.8
.5
53.9
2.60
27.1
42.6
1.4
48.9
2.35
26.5
62.6
1.5
49.4
2.35
22.2
45.3
1.7
50.6
2.35
19.0
51.4
1.2
55.4
2.35
20.0
47.3
1.1
58.7
2.35
20.0
39.8
1.0
63.7
2.35
19.2
42.9
1.4
65.9
2.35
2.35
321.7
28.1
301.9
27.6
25.9
30.2
26.0
30.8
24.6
30.1
24.5
27.6
25.9
27.6
23.7
27.0
26.3
27.1
25.1
27.3
25.8
28.5
25.3
28.8
24.4
28.8
24.9
27.7
65.1
16.4
14.1
66.2
16.0
14.7
5.6
1.1
14.0
5.6
1.5
13.6
5.8
1.1
14.2
5.9
1.4
14.7
5.3
1.2
15.2
4.9
1.3
15.2
5.8
1.4
15.5
5.7
1.5
15.2
5.7
1.4
15.4
5.8
1.0
15.4
5.7
1.4
15.1
5.6
1.6
14.8
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
mil bbl
do
135.7
16.8
146.7
15.8
15.6
11.6
15.0
11.1
12.3
13.2
10.1
15.8
8.2
19.7
7.7
22.7
10.1
25.5
12.1
27.7
14.1
28.3
16.3
25.2
17.4
23.8
17.4
20.2
Liquefied gases (incl. ethane and ethylene):
Production total
mil bbl
At gas processing plants (L P G )
do
At refineries (L R G )
do
Stocks (at plants and refineries)
do
502.0
378.5
123.5
59.6
525. 6
399. 6
126.0
67.0
42.1
32.0
10.1
80.6
44.1
31. 0
10.1
79.8
44.2
34.1
10.1
74.6
46.2
35.7
10.5
67.0
45.3
34.9
10.4
54.7
42.4
32.4
10.1
48.0
46.5
35.1
11.4
51.0
45.0
34.0
11.0
60.3
45.9
34.9
11.0
72.9
45.3
33.9
11.4
83.9
46.3
34.8
11.5
95.1
47.1
35.3
11.8
104.0
Asphalt and tar products, shipments:
Asphalt roofing total
thous souares
Roll roofing and cap sheet
do
Shingles all types
do
84, 430
34, 707
49, 723
82, 785
34, 670
48, 115
8,452
3,486
4,966
8,699
3,533
5,166
7,450
3,167
4,283
6,291
2,824
3,467
5,300
2,247
3,052
8,137
3,248
4, 889
6, 426
2,653
3,773
6,314
2,354
3,960
8,102
2,676
5,427
8,790
3,091
5,700
8,296
3,042
5,254
364
346
920
251
334
836
18
37
75
21
34
78
17
30
68
21
24
66
18
21
57
21
23
81
16
25
73
21
35
69
18
34
77
15
32
81
Jet fuel
Production
Stocks end of period
mil. bbl
do
Lubricants:
Production
do
Exports
do
Stocks end of period
do
Price, wholesale, bright stock (midcontinent,
f o b Tulsa)
$ per gal
Asphalt:
Production
Stocks end of period
Asphalt siding
Insulated siding.
Saturated felts
do
do
thous sh tons
r
.270
8, 928
'r 3, 348
5,580
9,596
3,769
5,827
11
39
78
15
35
76
13
32
80
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulp wood:
Receipts
Consumption
Stocks, end of period
Waste paper:
Consumption
Stocks, end of period
thous cords (128 cu ft )
do
do
i1 65 053
65 017
4 788
65 209
64, 571
5,873
5,537
5,147
5, 813
5,645
5,670
5, 912
5 112
5,340
5,716
5 038
4,942
5,873
5,073
5,487
5,589
4,984
5,207
5,406
5 318
5,484
5,249
5 450
5,415
5,258
5,052
5,382
4,891
5,540
5,463
4,982
5,180
5,074
5,195
5,473
5,445
5,134
thous sh tons
do
i JQ 222
608
10 590
'571
832
571
868
571
801
562
762
571
814
528
780
507
908
509
868
518
867
492
'877
'491
r
755
'516
911
485
thous sh tons
do
do
do
43 416
1 676
29 221
2 308
41 805
l'716
28, 320
2 308
3 304
3 656
128
2,246
177
155
2,475
197
3 496
146
2,367
187
3 201
3 347
139
2,240
172
3 696
3 699
WOODPULP
Production:
Total, all grades
Dissolving and special alpha
Sulfate. _ _ _
Sulfite
3,712
2,416
3,679
130
2,427
160
3 450
128
2,282
148
3,805
138
2,483
174
335
257
300
386
292
331
176
3,600
146
2,408
225
172
135
2,436
160
Groundwood
Defibrated or exploded
Soda, semichem screenings etc
Stocks, end of period:
'
Total, all mills..
Pulp mills
Paper and board mills
Nonpaper mills
do
do
do
4 437
1 875
3 898
4,358
1 594
3 508
348
131
275
378
141
310
363
133
300
361
130
284
380
141
300
361
138
296
401
143
321
359
285
308
378
288
315
373
275
314
do
do
do
do
796
230
469
99
861
386
405
69
821
326
427
68
872
401
405
66
885
420
396
68
861
386
405
69
913
462
383
69
930
490
372
67
974
508
388
78
1,045
558
404
83
985
584
328
73
1,076
Exports, all grades, total
Dissolving and special alpha
All other.
"
do
do
do
12 103
1744
i 1 359
13 755
iggg
12 886
247
52
195
954
86
868
244
70
174
318
77
241
187
62
124
180
59
122
236
88
148
194
74
120
172
57
115
Imports, all grades, total
Dissolving and special alpha
All other.
do
do
do
14,040
i 298
13 743
J
3538
1 273
13 265
256
30
226
277
27
250
289
24
265
297
27
270
263
30
233
248
25
223
341
30
311
310
21
290
287
32
255
54 058
23 5Q5
26 022
' 148
4 384
52 210
22 T?^
4 092
1 762
1 959
4 584
2 014
2 169
4 265
1 864
2 054
4 544
2 035
2 142
16
356
16
385
4 253
1 865
2 018
4 686
2 029
2 238
4 576
1 987
2 172
4 513
1 924
2 177
4 135
14
333
3 979
1 790
1,851
4 604 rr 4 218
1 967
1 796
2 214 ' 2 027
15
' 13
'382
408
109 5
101 1
101 2
108 4
100 9
101 0
112 1
102 3
100 9
112 1
99 5
100 9
112 0
101 3
100.4
112 0
102 5
101 4
112 0
103 0
101 7
112 0
102 6
102 7
112 0
102 8
103 2
143
2,107
159
2,503
168
158
611
386
79
' 1, 063 1,065
612
'71
609
381
75
199
78
121
117
42
75
162
59
103
240
95
145
338
31
308
270
30
240
296
28
269
275
22
254
'380
PAPEP AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census) :
All grades, total unadjusted thous sh tons
Paper
do
Paperboard
do
Wet-machine board
do
Construction paper and board
do
Ne\v orders (American Paper Institute) :
All grades, paper and board
do
Wholesale price indexes:
Book paper, A grade
1967 — 100
Paperboard
.
do
Building paper and board
do
r
Revised.
24 943
158
13
325
14
353
14
356
17
403
16
400
15
396
4 641
1 950
2,269
10
411
53 754
104 5
99 4
105 7
112 1
99 5
100 3
112 0
99 3
100 1
109 2
102 8
103.6
i Reported annual total; revisions not allocated to the months,
barrels.
109 2
102.8
104.3
2
109.2
102.8
104.5
Less than 50 thousand
SURVEY OF CURRENT BUSINESS
November 1971
Annual
1971
1970
1970
1969
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
S-37
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS— Con.
Selected types of paper (API):*
Groundwood paper, uncoated:
Orders new
thous.sh. tons
Orders unfilled end of period
_
. do._
Shipments
do
Coated paper:
Orders new
-- do
Orders unfilled, end of period .
do
Shipments
do
Book paper, uncoated:
Orders new
do
Shipments
- do
Writing and related papers:
Orders new
- - -do
Shipments
do
Unbleached kraft packaging and industrial converting papers:
Orders new
do
Orders unfilled end of period
do
Shipments
- do
Tissue paper production
do
1,171
107
1,123
' 1, 245
'90
' 1, 240
' 103
'90
' 104
' 98
'76
' 110
' 100
'85
' 105
' 109
'90
' 104
' 94
'82
' 100
' 84
'78
'83
' 114
'92
' 107
' 104
' 104
'93
' 102
' 94
' 104
' 114
' 110
' 103
' 109
' 130
'92
' 98
' 120
' 109
99
117
103
3,230
200
3,313
'183
' 3, 260
'246
'202
' 269
'272
'210
' 272
' 253
' 205
' 262
' 220
' 183
r 259
' 263
'229
' 259
'244
'229
'253
'296
'239
' 296
271
'256
' 265
'253
'229
' 262
'288
'261
'263
287
302
246
' 273
'299
' 278
255
285
267
2,515
2,588
r 2, 396
' 2, 475
' 194
' 199
'211
' 215
' 195
' 202
' 184
' 187
' 219
' 200
'214
' 198
'267
r
238
'230
'223
'218
'226
'217
'224
'212
' 195
'216
' 221
211
198
2,952
2,898
'"2, 767
' 2, 772
'225
' 225
'238
'241
' 216
' 224
r 218
r 220
'221
' 227
'228
' 224
'259
' 260
'244
' 250
'237
'241
'243
'240
' 214
'255
' 245
221
230
3,922
189
3,866
3,602
3,700
110
3,739
3,671
314
142
315
278
322
131
318
318
310
126
308
298
290
110
289
281
319
119
305
324
302
118
294
307
357
134
334
341
304
123
303
307
298
120
292
309
327
144
320
321
'287
' 123
'271
269
335
156
309
310
312
165
305
310
do
do__
do
8,758
8,741
220
8,607
8,592
236
649
683
402
760
800
362
766
802
326
712
802
236
695
629
303
662
583
382
711
683
410
670
692
388
665
666
387
638
654
371
643
621
394
678
697
375
692
680
387
786
760
413
do
do
do
3,232
3,233
27
3,310
3,303
33
243
258
72
292
295
69
283
287
65
267
298
33
294
262
66
266
244
88
289
309
67
270
257
80
285
265
100
277
273
103
252
259
96
279
277
98
254
267
85
289
280
94
Consumption by publish erscf - - -- do.
Stocks at and in transit to publishers, end of
period
thous. sh. tons
7,344
7,130
581
626
645
608
544
528
597
600
627
569
529
558
580
653
699
749
708
717
682
749
745
731
753
741
672
687
672
699
685
682
Imports
do
Price, rolls, contract, f.o.b. mill, freight allowed
or delivered
$ per sh ton
6,790
6,635
544
565
554
700
537
440
570
617
570
640
501
547
608
146. 10
150. 50
150. 50
150. 50
150 50
150 50
153 70
153 70
153 70
158. 10
158. 10
158. 10
158. 10
158 10
158 10
479
939
507
349
742
489
467
732
469
490
748
497
492
729
501
349
742
442
454
644
488
515
719
506
518
758
514
523
801
515
527
867
513
509
830
514
497
975
467
531
1,039
522
500
1,000
501
Paper products:
Shipping containers, corrugated and solid fiber,
shipments
mil. sq. ft. surf, area.. 185,760
184,425
16,488
17,153
14,490
11,290
14, 347
14, 211
14, 283
14, 466
18, 668
16, 924
15, 467
15 222
2, 627. 0
1,229.0
2, 490. 0
1,225.0
210.2
103.9
227.0
112. 6
190.1
94.4
206.8
101.8
196.8
99.1
191.0
96.7
208.7
107.0
197.5
100.8
193.9
99.7
206.4
105.8
Newsprint:
Canada:
Production
Shipments from mills
Stocks at mills, end of period
_
United States:
Production
Shipments from mills
Stocks at mills, end of period
Paperboard (American Paper Institute):
Orders, new (weekly avg.)
thous. sh. tons_.
Orders, unfilled §--- do_ _
Production, total (weekly avg. }
- ._ -do_ ..
Folding paper boxes*
.
thous. sh. tons
mil$
' 3, 163
r 244
185.9 ' 199. 3
' 95.0 ' 103. 5
536
1,003
531
15, 538
203 1
106.6
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
thous. Ig. tons « 598. 27
Stocks, end of period.- - _
. _ do .. 106. 49
585. 28
Imports, incl. latex and guayule
do
559. 32
102. 60
549. 92
48.29
96.69
46.60
46.68
92.36
46 74
41.46
93.64
46 88
43.19
102.60
48.90
46 21
91.36
45 23
48.28
92.89
44.67
54.43
102. 65
41 15
49. 74
98.59
42.77
49.68
105. 88
49 77
.262
.218
.191
.183
.184
.193
.184
.180
.183
.194
.200
Synthetic rubber:
Production,.
... ._ _ ..thous. Ig. tons.. °2,250.19 2.197.00
1.017.85
Consumption
_ _ _ _ _ _ _ _ _
.
do
"2,024.06
0
Stocks, end of period
do
441. 03 514. 78
182.93
160.41
481. 79
184.97
163.88
488.29
179.37
144.41
499 30
181.10
149.58
514.78
183. 62
165 24
526 31
166. 47
161.52
517. 13
181. 79
185. 45
497 56
184. 12
171.78
491 19
196. 59
171. 72
601. 78
290. 06
22.06
24.12
24 52
26 21
19.82
23.29
27 28
24 41
25 91
20 78
238. 92
* 231. 77
29.27
200. 56
199. 57
27.58
14.46
16.42
26.28
16.02
17.27
24.52
15 48
14.88
24.90
18.40
16.10
27.58
16.43
15.79
25.87
17 04
16 40
26.53
19 47
19. 19
26.57
17.88
17.19
27. 12
16.64
16.39
26.17
15 30
14 78
16 64
16 33 ' 12 78 16 20
25 71 ' 26 31 25.45
207, 826
190, 403
15, 885
15, 938
14, 560
15, 079
16, 557
17, 429
19, 435
17, 752
17, 775
18 643
15 739
17, 351
204, 835
55, 632
146, 785
2 419
194, 541
46, 135
146, 508
1 898
16, 699
3,643
12, 888
167
15 740
2,995
12, 576
169
12 333
2,527
9,624
18?
13, 160
4,046
8,964
150
14, 181
4,734
9,297
150
14 184
4,897
9, 132
155
18 371
5,445
12 674
252
21 362
4,840
16 329
193
19 012
4,931
13 889
192
21 546
4,993
16 388
164
16 355
2 649
13 552
154
17 478
4,047
13 ?48
183
do. .
do
49, 152
2,364
50, 175
1,531
45, 328
116
45, 586
178
48, 111
145
50, 175
97
52, 561
93
56, 093
95
57, 280
283
54, 089
167
53, 121
161
50, 546
139
50 189
103
50, 231
113
122
do
do
do
do .
41, 657
35 687
44, 860 i 41 005
11,191
9,718
1 002
1,098
3,081
3,436
8,905
60
3 463
3 570
9 133
115
2 862
2 647
9, 704
109
2 758
2 988
9,718
46
3 055
3,458
9,447
130
3 097
3 180
9, 626
46
3 375
3 427
9 736
85
2 941
3 270
9 683
124
2 945
3*276
9*576
72
2 801
3 760
8 872
86
9 523
3 ? 317
8 477
73
2 792
3 278
8 242
46
81
Price, wholesale, smoked sheets (N.Y.)._$ per lb-.
Exports (Bu. of Census) _
Reclaimed rubber:
Production _ _ _
Consumption
Stocks, end of period
226. 49
do
do
do
do
.
a
1
52.18 ' 43. 45 50.86
104. 93 ' 121.96 126. 13
74.53
47 62
69 57
.178
.166
.181
54.25
.179
.176
182. 09 187. 49 186. 97
181 97 ' 149.86 173 98
487 79 ' 505 30 483 70
24 41
29 41
35 01
TIRES AND TUBES
Pneumatic casings, automotive:
Production. __ .. t _
Shipments, total _
Original equipment. _ .
Replacement equipment
Exports.
.
thous
__
Stocks, end of period
Exports (Bu. of Census) .
Inner tubes, automotive:
Production
Shipments
Stocks, end of period
Exports (Bu. of Census) .
_._
„
T
do
do
_ do
do
Revised.
» Preliminary.
t Annua] total includes revisions not distributed to the
months.
JData have been regrouped by the American Paper Institute; details and available earlier
data appear in their April 1970 Monthly Statistical Summary.
c? As reported by publishers accounting for about 75 percent of total newsprint consumption.
§Monthly data are averages for the 4-week period ending on Saturday nearest the end of the
month; annual data are as of Dec. 31.
*New series. Monthly data are available back to 1955.
° Revisions for Jan.- May 1969 will be shown later.
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1969
1970
Annual
November 1971
1971
1970
Sept.
Oct.
Nov.
Dec.
Feb.
Jan.
Mar.
May
Apr.
June
July
Aug.
Sept.
45 136
42 617
118.4
118.4
Oct.
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments finished cement
thous bbl
C
C
1409 826 1389 762
38 158
39 134
29 859
26 440
17 285
7 289 7 6 4% 0
241 5
' 184* 6
1, 783. 5 1 622 2
612 3
10 5
156 7
622 0
13 0
150' 8
530 8
11 2
127 9
493 4
13 6
115 8
361 2
11 7
93 1
395 0
10 5
94 7
16 6
16 6
16 7
12 2
11 1
14 1
14.9
13 2
14.0
12.9
90 5
19 1
23 7
23 2
21 5
25.5
23 2
i
116 0
117 0
117.4
117 4
111.74
117.4
19 407 c28 308 « 36, 185
37 771 '44 149 «42 212
C
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 so ft
Price index, brick (common), f.o.b. plant or
N.Y. dock
1967-100
209 0
173 0
16 9
284 8
250 4
21 4
21 6
19 1
18 1
107 8
112 2
113 5
113 9
114 2
114 6
m
590 9
15*9
131 4
687.6
17.7
159.0
757.8
13.8
175.6
691 1
15 8
159 9
676.9
12.8
173.4
GLASS AND GLASS PRODUCTS
thous $
416, 870
382, 969 101, 919
101 897
99, 183
do
do
150 123
266, 747
131, 551
251, 418
34, 079
67, 840
37 340
64*557
32 946
66 237
thous. gross _ 260, 267
267, 411
21,863
Flat glass, mfrs.' shipments
Sheet (window) glass, shipments
Plate and other flat glass, shipments
Glass containers:
Production
_
24, 635
24, 138
21,412
19,104
19,914
24, 477
20, 691
15, 903
19, 956
23, 030
r
r
21, 770
22, 882
23, 445
21, 376
2, 706
1,893
2,047
1,894
'3 295
5,096
4,693
7,030
5,074
5 793
4,882
1,598
5,869
4, 951
1,501
7 348
5,483
1,721
6,878
5,336
1,350
6 976
5,937
2,130
5,218
4,005
1,725
2,329
308
25
2,302
308
19
2,348
321
20
1,822
337
30
2,907
429
29
2,298
269
31
38 263
38,642
39,999
38, 866
38, 220
34, 117
33, 928
2,080
1,674
2,095
5,600
6,053
4,525
5,557
do
do
do
56 232
51, 086
20, 677
69 254
52, 626
20, 638
5,944
4,498
1,951
5,912
4,348
2,081
4,980
3,404
1,721
7,306
3,974
1,923
do
do
do ..
35,916
4,496
583
34, 252
3,896
379
3,140
319
43
3,236
396
32
2,465
303
32
do -.
30, 260
30, 084
32,504
32, 775
34,896
5,858
9 881
6,128
9 462
1,776
2 489
1,751
2,277
1,273
2 210
1,617
2 622
do
9 324
8 654
2 301
2, 134
2 194
2 509
do. do
4,681
316
4,219
265
1,267
51
950
67
746
63
1,264
473
702
408
588
104
155
90
141
94
119
102
140
917
9,090
275
749
8,764
228
197
2,308
64
175
2,269
58
117
2,359
60
2,741
.. _ _
21, 841
28, 733
4,443
2,863
Stocks, end of period
24, 975
22, 289
1,950
24, 806
58, 632
16, 838
22 197
1,680
1,762
2 262
3,589
3,822
4,792
3,571
3,333
1,459
3,987
3,414
1,481
5 562
4 803
1 872
3,207
373
42
2,030
215
26
2,104
2 539
30, 084
34, 669
37, 601
240
28
r
r
4,345
24,358
_
21,754
24, 384
264, 483
Medicinal and toilet
Chemical, household and industrial
Dairy products
_.. .__
.
40, 941
73, 883
21, 286
251,050
Shipments, domestic, total
do
General-use food:
24 232
Narrow-neck food
do
Wide-mouth food (incl. packers' tumblers,
jelly glasses, and fruit jars)
thous. gross__ 57, 828
Beverage
Beer bottles
Liquor and wine_
114,824
109,682
35, 589
74, 093
21, 230
295
'21
r
GYPSUM AND PRODUCTS (QTRLY)
Crude gypsum, total:
Imports
Production
.
thous. sh. tons
do
Calcined, production, total
Gypsum products sold or used, total:
Uncalcined uses
Industrial uses
Building uses:
Plasters:
Base-coat _ _ .
All other (inci. Keene's cement)
do
do _
Lath
Wallboard
All other.
mil. sq. ft
do
do
69
116
72
TEXTILE PRODUCTS
WOVEN FABRICS
Woven fabrics (gray goods), weaving mills:}
Production, total 9
mil. linear yd
Cotton
do
Manmade fiber ...
do
Stocks, total, end of period 9 cf
Cotton
Manmade
fiber
_
Orders, unfilled, total, end of period 9 If
Cotton
Manmade fiber .
12, 907
7,159
5,546
11, 545
6 395
4,991
2 1, 088
22 615
463
915
516
390
902
520
374
2
989
2 sgl
2 399
910
531
369
910
532
368
21 119
2 646
2
462
870
490
370
885
499
376
2 1 073
2 598
2 465
657
353
297
847
474
366
do
do
do
1,404
659
730
1,471
592
867
1,453
585
853
1,437
584
839
1 434
579
842
1 471
592
867
1 443
591
837
1 443
611
818
1 356
547
795
1 346
571
760
1 288
539
736
1 301
549
740
1 233
507
714
1 206
517
676
do
do
do
2,779
1 535
1,165
2,434
1 525
866
2,395
1 441
916
2,425
1 481
901
2 502
1 543
919
2 434
1 525
866
o 431
1 552
&44
2 486
1 567
881
2 642
1 640
964
2 711
1 638
1 036
2 768
1 686
1 046
2 703
1 617
1 055
2 701
1 596
1 078
2 596
1 507
1 066
9,937
10, 112
1,135
4,163
8 830
9, 786
* 10, 037
127
365
9,990
8 294
10, 166
7 878
COTTON
Cotton (excluding linters):
Production:
GinningsA
thous. running bales
Crop estimate, 480-pound bales, net weight
thous. bales
Consumption
do
Stocks in the United States, total, end of period
thous bales
Domestic cotton , total
do
On farms and in transit
_._
do
Public storage and compresses
do
Consuming establishments
do
Foreign cotton, total
_.
do
2 760
632
641
12,265
11 900 14 811 13 949 19 732
12, 248
11, 886 14, 795 13,931 12, 719
1,323
1 482
9 900
7,545
2 845
5 474
9 653
9 257
3 854
8 874
1,041
1,272
912
1,000
1,147
17
14
16
18
13
r
2
Revised.
1 Reported annual total; revisions
not allocated to the months.
Data
3
cover 5 weeks; other months, 4 weeks.
Ginnings to Dec. 13.
< Ginnings to Jan. 16.
» Crop for the year 1970. e Nov. 1 est. 1971 crop. 9 Includes data not shown separately.
^Effective Aug. 1969 SURVEY, data (1964-Apr. 1969) reflect adjustments to new benchmarks; see Bureau of Census reports: Woven Fabrics (1964-68), Series M22A-Supplement
and (Jan.-Apr. 1969), M22A (69) 1-4 Supplement.
' Corrected.
3
2
722
11 900
11,886
1 482
9 257
1,147
14
644
10 724
10, 708
1 285
8 126
1,297
16
s 10 112
s 10,166
2
665
815
9 411
9,394
1 008
6 890
1,496
17
8 049
8,031
778
5 577
1,677
18
637
6 955
6,940
569
4 606
1,764
1fi
646
5 992
5,975
541
3 672
1, 762
17
2 797
515
4 896
4,880
451
2 700
1.730
16
9
4 25
4, 236
400
2 206
1,'630
15
880
637
2 777
14 276
14,261
11 052
1 707
1,502
15
13 138
13, 121
10, 403
1 456
1,262
17
4,605
H0,719
exclude bedsheeting,
nisned fabrics; production
ide bedsheeting, toweling,
of month indicated, except as noted.
SURVEY OF CURRENT BUSINESS
November 1971
Tnless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1969
1970
Annual
S-39
1970
Sept.
Oct.
1971
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
307
2
214
1
162
3
Aug.
Sept.
Oct.
TEXTILE PRODUCTS—Continued
1
COTTON— Continued
Cotton (excluding linters)— Continued
Exports
- - thous. bales..
Imports
do
2,397
46
2,982
37
89
6
181
3
251
1
362
(6)
441
3
455
6
562
8
467
3
327
3
310
5
Price (farm), American upland
cents per lb_._
Price, middling 1", avg. 12 markets
do
120.9
122.2
921.5
!23.6
21.9
23.0
22.8
23.0
22.1
22.8
21.0
22.6
21.0
22.8
21.5
23.2
21.0
23.6
22.2
23.8
22.7
24.5
23.2
25.1
23.9
25.3
8
27.0
8
26. 8
8
COTTON MANUFACTURES
Ipindle 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
19.6
12.4
125.6
.476
80.9
18.6
11.6
113.0
.435
70.4
18.8
11.8
210.6
.423
26.6
18.8
11.7
8.7
.436
5.4
18.6
11.8
8.8
.438
5.5
18.6
11.6
2 9.8
.393
2
6.2
18.6
11.6
8.9
.446
5.6
18.6
11.6
9.1
.453
5.7
18.6
11.6
.450
27.0
18.6
11.5
8.9
.445
5.5
18.5
11.5
9.1
.456
5.6
18.5
11.5
211.3
211.3
.450
26.9
18.6
11.5
7.2
.365
4.5
18.4
11.4
8.9
.443
5.5
18.4
11.4
210.8
.432
26.6
1.027
1.008
1.001
1.003
1.005
1.011
1.014
1.023
1.036
1.054
1.059
1.066
1.068
1.078
1.082
Cotton yarn, price, 36/2, combed, knit
$ per lb__
"otton cloth:
Cotton broadwoven goods over 12" in width:
Production (qtrly.)
mil. lin. y d ~ 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—
Exports, raw cotton equiv
Imports raw cotton equiv
thous. bales..
do
Mill margins:
Carded yarn cloth average
cents per lb-_
Prices, wholesale:
Print cloth 38/^-inch 64 x 54 cents per yard
Sheeting, class B, 40-inch, 48 x 44-48
do
MANMADE FIBERS AND MANUFACTURES
'iber production, qtrly. total
.
mil. Ib
Filament yarn (rayon and acetate)
- __do _
Staple, incl. tow (rayon) _
___do
Noncellulosic, except textile glass:
Yarn and monofilaments
do
Staple, incl. towf
do
Textile glass
fiber.
_
_
do
Ixports: Yarns and monofilaments
Staple, tow, and tops
tnports: Yarns and monofilaments
Staple, tow, and tops
r
' 6, 968 ' 6, 246 '1,468
1, 562
1,607
827.0
27.3
1,593
15.0
15.4
13.4
13.4
13.9
15.4
13.5
13.9
14.9
15.7
15.7
15.8
20.8
14.4
13.4
6.0
5.5
5.0
4.9
4.8
5.5
5.0
5.1
5.0
5.3
4.9
5.0
6.3
4.7
4.5
.42
.37
.37
.37
.37
.37
.37
.36
.34
.34
.31
.31
.31
.32
.34
330.5
573.3
274.3
543.3
18.6
37.9
23.0
35.4
22.7
52.8
19.7
38.1
20.3
39.7
20.5
39.7
25.9
37.6
25.4
48.3
26.3
41.9
23.5
51.3
24.4
48.2
28.1
52.2
36.3
76.2
43.27
43.57
43.29
43.53
43.96
43.98
43.94
43.71
43.48
43.45
43.68
44.61
44.68
45.56
45.24
15.0
19.8
15.0
19.8
15.0
19.8
15.0
19.8
15.0
19.8
15.0
19.8
15.0
19.8
15.0
20.3
15.5
15.6
16.4
16.4
21 8
5, 391. 7
730.8
607.4
1,298.4
176.8
134.4
1, 366. 3
192.8
160.1
1,411.3
191.8
141.3
1 493 1
200 2
147 3
1, 766. 9 1, 793. 4
1, 761. 0 1,792.8
501.4
467.3
442.5
431.7
113.0
459.1
452.0
102.3
477.8
498.0
102 4
616 3
517 3
112 0
5, 562. 5
774.4
758.8
thous. lb__ 100, 539
s 127, 484
do
148, 843
152, 871
10. 690
9,659
10, 367
11, 430
8,521
9,054
13, 134
13, 752
12,611
13, 836
12, 230
15, 190
14, 640
16, 041
13, 220
18,688
13,482
15,202
11, 245
16, 589
11,387
15, 728
10,518
18, 236
10, 896
25, 155
5 41, 063
s 159, 404
137, 054
140, 075
13, 198
11. 658
14, 760
8,187
14, 314
8,888
15,064
10, 131
20,040
10, 056
17, 016
13, 149
24, 256
17, 648
25, 540
20, 423
25,837
15,192
24, 711
17, 773
19, 639
15, 202
19, 449
16, 216
23, 982
20, 601
78.4
75.6
75.0
76.0
77.9
72.1
75.0
76.0
74.1
58.5
70 8
43 8
259.8
240.5
70.6
288.3
242.6
103.8
282.5
236.0
96.6
288 3
242 6
103 8
272.9
251 2
94 4
253 8
235 2
75 4
.61
.89
1.42
.61
3.93
1.39
.61
4.93
1.40
.62
.62
.62
1.25
1.25
1.24
do
do
tocks, 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. towf
do
Textile glass
fiber.
do
rices, manmade fibers, f.o.b. producing plant:
Staple: Polyester, 1.5 denierj
$perlb_.
Yarn: Rayon (viscose), 150 denier
do
Acrylic (spun), knitting, 2/20, 3-6D..do
.61
4.93
1.33
.61
4.93
1.33
lanmade fiber and silk broadwoven fabrics:
Production (qtrly.), total 9
mil. lin. yd-. r 5, 394. 5 r 5, 028. 2 '1,207.3
Filament yarn (100%) fabrics?
do.... 1, 690. 7 1,461.4
340.1
Chiefly rayon and/or acetate fabrics
do
776.4
148.6
639.7
Chiefly nylon fabrics. _ _
do
7 345. 0
62.9
271.4
Spun yarn (100%) fab., exc. blanketing 9 _ do
2, 951. 8 ' 2, 871. 6 701.4
Rayon and/or acetate fabrics and blends
do— . 629.7
102.5
444.8
Polyester blends with cotton
do
1, 893. 1 1, 962. 8
482.6
Filament and spun yarn fabrics (combinations
and mixtures)
mil. lin. yd...
517.0
111.6
472.6
.61
4.93
1.33
.61
4.93
1.33
.61
1.33
.61
1.28
.62
.62
1.28
1.26
.62
1.25
'1,188.7
332.8
134.6
63.7
691.2
1,225.4
339 3
135.5
70.9
722. 1
1,233.4
357 2
129.4
81 1
711 5
114.0
467.5
111.6
508.9
98 1
516 2
107.4
106 5
108 5
WOOL
/ool consumption, mill (clean basis):
Apparel class..
Carpet class
7
ool imports, clean yield
Duty-free (carpet class)
mil. Ib
do
do
do
219.0
93.8
189.2
95.7
163.7
76.6
153.1
73.3
213.3
28.4
11.2
7.6
10.7
6.1
8.4
5.4
10.8
5.4
6.9
4.0
212.0
26.3
10.9
6.4
10.2
5.2
12.0
5.9
9.5
5.6
9.4
5.0
213.0
26.7
11.2
6.2
9.4
5.3
11.1
6.9
9.7
5.3
11.5
6.3
212.1
27.2
10.4
7.0
7.3
4.8
13.8
11.3
'8.0
'6.6
17.0
13.4
210.2
27.6
13.3
8.4
ool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine..
Graded fleece, H blood
Australian, 64s, warp and half-warp^
$ per Ib
do
do
1.221
.862
1.024
.872
.941
.953
.880
.854
.925
.875
.760
.925
.875
.820
.850
.837
.802
.825
.810
.804
.825
.775
.790
.757
.685
.790
.708
.658
.790
.630
.640
.800
.597
.640
.828
.590
.640
.802
.595
.640
.795
.610
.640
.795
101.6
101.4
98.0
97.6
96.3
95.4
95.0
93.3
93.3
92.0
WOOL MANUFACTURES
nitting yarn, worsted, 2/20s-50s/56s, American
system, wholesale priceO
1967=100..
100.0
102.2
101.9
101.4
101.9
ool broadwoven goods, exc. felts:
Production (qtrly.)
mil. lin. yd..
222.5
35.4
178.6
Price (wholesale), suiting, flannel, men's and
boys', f.o.b. millO
1967=100..
100.9
101.3
101.3
101.3
101.3
r
3
Revised.
1 Season average. 2 Fo," 5 weeks other m onths, 4 weeks.
Aver age
r 4 months, Sept.-Dec.
4 Effective Sept. 1970, average not comparable with earlier prices,
uevised total; revisions not distributed by months.
« Less than 500 bales.
' Omits
jantities of chiefly nylon combination fabrics.
s Beginning Aug. 1971, prices are on
HMD. net-weight bale basis (for earlier months, on 500-lb. gross-weight bale basis); to
30 9
37 0
827.6
827.7
44.76
.610
.621
.780
33.1
101.3
101.3
100.1
101.3
101.3
101.3
101.3
compiite comp arable pi ices for (earlier m onths, irtultiply 'arm price by 1.04167 and market
price by 1.0438.
« Season average to Apr. 1.
t Revised back to 1965.
9 Includes data
not shown separately.
^Revisions for 1967 are in the Dec. 1970 SURVEY.
^Beginning
Jan. 1970, quotation refers to Australian, wool 64's, Type 62; comparable prices prior to 1970
are not available.
©Data prior to 1970 available on new base.
SURVEY OF CURRENT BUSINESS
S-40
1969
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1970
Annual
November 1971
1971
1970
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
Jjne
July
Aug.
Sept.
Oct.
TEXTILE PRODUCTS— Continued
APPAREL
Hosierv, shipments t
thous. doz. pairs
Men's apparel, cuttings: {
Tailored garments:
Suits
thous units
Coats (separate) , dress and sport
.
do
Trousers (separate) , dress and sport
do
Shirts (woven), dress and sport
thous. doz
Women's, misses', juniors' apparel, cuttings: t
Coats
thous. units
Dresses
.
do
Blouses and shirts
.
thous. doz
Skirts
do
248, 602
231,795
20,779
20,442
17,533
15,004
16,042
15, 402
17, 595
16, 720
16, 975
20, 684
18, 643
18, 750
21,091
14, 353
169, 542
21, 125
16,058
10, 910
177, 209
20, 438
1,217
839
15, 669
1,710
1, 310
937
15, 768
1,994
1,164
862
13, 974
1,636
1,080
755
13, 196
1,431
1,169
804
14, 345
1,490
1,089
740
14, 644
1,557
1,317
890
17,683
1,692
1,317
959
16, 188
1,776
1,264
996
15, 186
1,628
1,067
974
15,209
1,785
672
656
13, 463
1,274
1,165
988
15, 063
1,608
21, 664
266,856
14, 425
8,443
17, 153
236, 258
13, 582
6,398
1,542
18, 411
1,073
483
1,664
19,154
1,072
457
1,592
16,777
910
332
1,139
18,251
857
323
1,195
19, 029
1,011
376
1,274
20, 334
1,113
430
1,218
23, 085
1,311
466
1,140
24,128
1,205
389
1,145
19,534
1,056
404
1,518
20,739
1,045
539
1,475
17, 737
951
464
1,595
19, 274
1,024
499
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
358
038
937
020
049
5,579
3 750
4 986
6 272
4,263
5,171
3,466
4,629
5,424
3,479
4,143
2 671
3,631
6,164
4,023
705
882
264
449
25 539
13 627
13 766
2 758
24 705
12 882
13 264
2*449
24, 489
12, 972
12 926
2,447
22,464
11,587
11 415
2,184
4 338
4 522
4 412
4 522
4,335
3 974
2 881
2 791
2 754
2 791
2 575
2 662
3, 593. 4
60 117
1,239.2
3 605 0
59 436
1 527 2
215.6
3 850
51 9
329 2
5 756
101.2
278.2
4 709
109 0
254 8
4 004
112 1
165.0
2,950
101.7
274.7
4 462
209.3
389.8
6 333
313 4
243.9
4 414
207.6
418 6
6 968
253 6
10,146. 9
9 587 7
8, 223. 7
7, 806. 5
1, 923. 2
1,781.2
8, 239. 3
7 753 0
6 546 8
6 187 3
1 692 4
1 565 7
632.0
582 2
493 6
454 2
138 4
128 0
501.4
465 6
392 5
365 4
108.9
100 1
454.7
424 3
364 1
341.1
90.6
83 2
736.4
698 2
598 8
570 6
137.6
127 6
860.6
817.9
710.7
678.1
149.9
139.8
921.9 1, 057. 4
992.4
872.2
865.2
757.8
719.0
815.9
164.2
192.2
153.2
176.5
921.6
863 0
750.4
703.6
171.2
159.4
930.8 1, 008. 2
945 9
867 9
809 8
767 3
761.3
716 7
163.4
198.4
151 2
184 6
9,583
8 464
1,118
8,400
7 119
1 280
580
489
92
8.9
78
11
755
630
125
7.4
6.0
14
540
436
105
6.4
5.0
14
536
425
110
6.8
52
16
694
586
108
9.9
8.4
15
748
637
112
10.0
8.6
15
897
756
141
10.0
8.5
1.6
884
737
148
10.0
8.3
1.7
890
748
142
9.8
8.2
16
955
798
158
9.7
8. 1
17
1,467
1 542
1,220
1 294
1,261
1 496
1,053
1 280
1,018
1 167
1,220
1 294
1,381
1, 296
1,528
1,401
1,683
1,530
1,707
1,557
1,753
1 579
2.3
2.6
2.8
3.0
1.9
2.0
2.2
2.2
285 04
245 62
92 28
31 72
28 46
6 20
21 10
15 98
6 06
17 80
14 61
5 78
19 29
16 66
7 10
21.75
18.81
8 6.44
31.30
26 42
7.39
41 52
37 14
10 76
1 846 72 2 013 42
691 15
692 78
146 01
115 82
167 62
48 58
10 05
168 60
56 75
16.82
173 31
55 66
9 69
167 97
47 68
7 51
198. 87
47.20
10.51
204. 51
70 17
11.63
105, 709
71 274
8,780
5 817
8,037
5 240
7,777
5 238
7,310
4 818
6,610
4,187
26 138
1 398
1 574
1 378
1 078
985
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
22 005
14 521
19 289
24, 648
16, 560
21
15
19
24
16
161
116
010
752
407
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 $
28 297
14, 298
15 610
3 578
24
12
13
2
Aircraft (complete):
Shipments ©
Airframe weight ©
Exports, commercial...
.
do
thous Ib
mil. $
6
5
5
6
4
' 119. 1
2, 125
108.4
195.2
2,843
122.8
639.9
602.1
484.8
457.6
155.1
144.5
951.1
892.3
757.8
712.0
193.3
180.2
817
668
149
9.8
8.1
17
725
566
159
10.1
8.3
1.9
884
756
129
12.2
10.8
1.5
1,051
934
116
11.3
10.0
1.4
1,799
1,609
1,582
1,580
1,569
1,681
1,591
1,691
1,482
1, 66C
2.3
2.4
2.3
2.4
1.9
2.0
35. 12
31 58
9.42
48 62
46 07
9 34
40.75
38 47
9.34
21.27
19.48
6.96
19.97
18.74
6.67
37.95
32.86
9.98
233. 92
81 09
12. 77
222. 70
69 01
10.38
230. 00
77 64
10.38
242. 53
84.73
12.07
183. 42
37.34
8.83
205. 45
49.64
7.83
227.04
67.53
13.32
7,271
4 256
7,852
4 748
8,347
4 897
7,467
4 415
8,672
5,244
8,505
5,260
1 110
1 523
1 192
1 240
1, 122
1,723
154.9
2,299
72.8
306.9
4 431
105 0
r
MOTOR VEHICLES
Factory sales (from plants in U.S.), total
Domestic
Passenger cars, total
Domestic... ...
Trucks and buses, total
___
Domestic
.
thous..
do
do
do
.do
do
Retail sales, new passenger cars : *
Total, not seasonally adjusted
thous..
DomosticsA
do
ImportsA
do
Total, seasonally adjusted at annual rates.. .mil..
Domestics A
..
do
ImportsA
do
Retail inventories, new cars (domestics), end of
period: *A
Not seasonally adjusted
thous . .
Seasonally adjusted
. do
Inventory-sales ratio, new cars (domestics)* A
ratio..
Exports (Bureau of the Census):
Passenger cars (new), assembled
To Canada
Trucks and buses (new), assembled
Imports (Bureau of the Census):
Passenger cars (new) , complete units
From Canada, total
Trucks and buses, complete units
thous
do
do
do
do
do
333 45
292 11
103 23
Truck trailers (complete), shipments
number.. 138, 347
Vans
do
94 808
Trailer bodies and chassis (detachable), sold
separately
.
number
33 332
Registrations (new vehicles): O
Passenger cars
Import cars
.
Trucks
thous. . 9, 446. 5 s 8,388.2 5 612. 1
do
1 061 6 5 i 231 0 5 102 8
do
1, 888. 8 i «1, 790. 2 5 153. 3
4
4
4
719. 0
112 6
154. 2
4
537. 2 s 606. 7 » 588. 3 s 618. 3
99. 8 5 115. 4 598.5 592.6
118. 1 i 123. 8 5 108. 4 5 115. 2
4
4
s 820. 3 s 833. 5
5 130. 0 3 125. 1
s 158. 2 3 168. 4
4
4
4
838. 7
126. 7
171. 5
4
4
4
897. 0
138. 6
178. 1
'r 608. 6
577. 2
'r 490. 5
468.
9
r
118. 1
r
108. 3
4
4
4
806. 0
130. 4
177. 6
2
986. :
2 788. '
2198.
' 8, 469 9, 650
•• 5, 367
6,360
2,576
4
4
4
780. 6
140. 2
166. 7
1,838
4
4
4
791. 0
128. 6
153. 9
RAILROAD EQUIPMENT
Freight cars (all railroads and private car lines):
1 69 Q2g i 65 958
Shipmentscf
number
Equipment manufacturers
do
i1 54, 112 i 52, 184
Neworderscf...
do
84 245 i 50 148
Equipment manufacturers
do
i 65, 301 i 42, 385
Unfilled orders, end of period
rf1do
46 751
27, 558
Equipment manufacturers
do
35, 508
22, 326
Freight cars (revenue), class 1 railroads (AAR):§
Number owned, end of period
thous..
1,438
1,423
Held for repairs, % of total owned
5.6
5.7
Capacity (carrying), aggregate, end of period
95.64
mil. tons..
94.37
Average per car _
tons
65.62
67.19
6 147
4,922
2,073
1,726
21,672
17, 621
4 675
3,787
3,053
2,516
20, 049
16, 349
4 569
3,573
8,164
8,026
23, 644
20, 802
4 905
4,096
9, 031
5, 832
27, 558
22, 326
3 725
3,183
3,152
2,932
26, 903
21, 993
4 629
4,059
3, 042
2,792
25, 015
20, 425
5 026
4,262
5,304
3,885
25, 193
19, 948
5 497
4,431
4,107
3,782
23, 563
19, 059
5 252
4,381
6,670
6,570
24, 944
21,227
5 401
4,205
8, 521
6,321
27, 977
23, 256
3,305
2,696
3,807
3,652
28, 547
24, 280
3,329
2,852
1,211
1,211
26,429
22, 639
4 701
4,144
1,534
1,534
23, 113
19, 880
1,431
6.0
1, 427
5.9
1,424
5.7
1,423
5.7
1,423
5.7
1,431
5.7
1,430
5.6
1,431
5.6
1,431
5.5
1,431
5.5
1,430
5.4
1,428
5.7
1,427
5.7
95.78
66.96
95.62
67.01
95.27
66.89
95.64
67.19
95.73
67.29
96.08
68.45
96.38
67.37
96.70
67.55
96.82
67.66
96.95
67.76
96.96
67.82
96.92
67.91
97.00
67.98
r
2
Revised.
i Annual total includes revisions not4 distributed by months.
Estimate
5
of production.
3 Omits data for three States.
Omits data for two States.
Omits
data for one State.
6 Effective Jan. 1971, includes off-highway trucks and trailers; comparable 1970 total, 93.87 thous.
t Revisions available: Hosiery, 1969-Apr. 1970; women's apparel,
1968-69.
^Monthly estimates (1967-70), revised to annual benchmarks, appear in Census
report, Men's Apparel, M23B Supplement (5/27/71).
irers Association
and other industry sources; seasonal
* New series. Automobile Manufacturer
'
adjustments by OBE. For earlier data, see p. 43, Dec. 1970 SURVEY.
ADomesties include U.S.-type cars produced in the United States and Canada; impo
cover foreign-type cars and captive imports, and exclude domestics produced in Canada.
c^Amer. Railway Car Inst. and Assn. of Amer. Railroads, data cover new cars for domes
users; backlog not adjusted for cancellations.
9 Total includes backlog for nonrelated products and services and basic research.
©Data include military-type planes shipped to foreign governments.
O Courtesy of R. L. Polk & Co.; republication prohibited.
§ Excludes railroad-owned private refrigerator cars and private line cars.
INDEX TO CURRENT BUSINESS STATISTICS, Pages S1-S40
SECTIONS
General:
Business indicators
Commodity prices
Construction and real estate
Domestic trade.
1-7
7-9
9,10
11,12
Labor force, employment, and earnings
Finance
Foreign trade of the United States
Transportation and communications
13-16
16-21
21-23
23,24
Industry:
Chemicals and allied products
Electric power and gas
Food and kindred products; tobacco
Leather and products.
24,25
25,26
26-30
Lumber and products
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and paper products.
31
31-34
34-36
36,37
Rubber and rubber products
Stone, day, and glass products
Textile products
Transportation equipment
37
38
38-40
40
30
INDIVIDUAL SERIES
Advertising
Aerospace vehicles
Agricultural loans
Air carrier operations
Aircraft and parts
Alcohol, denatured and ethyl
Alcoholic beverages
11,16
40
16
23
4,6,7,40
25
11,26
Apparel??;.' .*.'.'.'.'.'.'.' .*.'.'.'.'.'.' .*.' .* *.' 'i,'3,*4,'8,'9,"ii-15,40
Asphalt and tar products
35,36
Automobiles, etc
1,3-45,8,9,11,12,19,22,23,40
Balance of international payments
2,3
Banking
16,17
Barley
27
Battery shipments
34
Beef and veal
28
Beverages
4,8,11,22,23.26
Blast furnaces, steel works, etc
5-7
Bonds, outstanding, issued, prices, sales, yields
18-20
Brass and bronze
33
Brick
38
Broker's balances
20
Building and construction materials
6,7,
9,10,31,36,38
Building costs.
10
Building permits.,
10
Business incorporations (new), failures
7
Business sales and inventories
5
Butter
26
Cattle and calves
28
Cement and concrete products
9,10,38
Cereal and bakery products
8
Chain-store sales, firms with 11 or more stores...
12
Cheese
26
Chemicals
4-6,8,13-15,19,22-25
Cigarettes and cigars
30
day products
9,38
Coal
4,8,22,34,35
Cocoa
23,29
Coffee
23,29
Coke...,.
35
Communication
2,20,24
Confectionery, sales
29
Construction:
Contracts
10
Costs
10
Employment, unemployment, hours, earnings.. 13-15
Fixed investment, structures
1
Highways and roads
9,10
Housing starts
10
Materials output indexes
10
New construction put in place
9
Consumer credit..
T
17,18
Consumer expenditures.
1
Consumer goods output, index
3,4
Consumer price index
8
Copper
33
Corn.?
27
Cost of living (see Consumer price index)
8
Cotton, raw and manufactures.
7,9,22,38,39
Cottonseed cake and meal and oil
30
Credit, short- and intermediate-term
17,18
Crops
3,7,27,30,38
Crude oil and natural gas
4,35
Currency hi 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
3,7,8,26,27
16
18
11,12
16,17,19
16
26
2,3,19-21
11,12
Earnings, weekly and hourly
15
Eating and drinking place*
11,12
Eggs and poultry
3,7,8,28,29
Electric power
4,8,25,26
Electrical machinery and equipment
4-7,
9,13-15,19,22,23,34
Employment estimates
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
Farm income, marketings, and prices
2,3,7,8
Farm wages
15
Fats and oils
8,22,23,29,30
Federal Government
finance
18
Federal Reserve banks, condition of
16
Federal Reserve member banks
17
Fertilisers.
8,25
Fire losses
10
Fish oils and
fish
29
Flooring, hardwood
31
Flour, wheat
28
Food products
1,4-8,11-15,19,22,23,26-30
Foreclosures, real estate
10
Foreign trade (see also individual commod.)
21-23
Foundry equipment
34
Freight cars (equipment)
4,40
Fruits and vegetables
7,8
Fuel oil
35,36
Fuels
4,8,22,23,34-36
Furnaces
34
Furniture
4,8,11-15
Gas, output, prices, sales, revenues
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
38
25
19
7,8,22,27,28
11,12
1
1
9,38
Hardware stores
11
9, 34
Heating equipment
Hides and
nd skins
..............................
9, 30
Highways and
roads
..........................
9, 10
Hogs
........................................
28
Home electronic equipment
....................
8
Home Loan banks, outstanding advances
........
10
Home mortgages
.............................
10
Hosiery
.....................................
40
Hotels
......................................
24
Hours of work per week
.......................
14
Honsefumishings
.......................
1,4,8,11, 12
Household appliances, radios, and television sets.
4,
8,11,34
Housing starts and permits
..............
.
.....
10
Imports (see also individual commodities) . . . 1, 2, 22, 23
Income, personal
..............
...............
2, 3
Income and employment tax receipts
............
18
Industrial production indexes:
By industry ............. .
..................
3,4
By market grouping ......... .
..............
3, 4
Installment credit
.........................
12,17, 18
Instruments and related products
..........
4-6, 13-15
Insurance, life
................................
18, 19
Interest and money rates
..........
............
17
Inventories, manufacturers* and trade ....... 5, 6, 11, 12
Inventory-sales ratios
.........................
5
Iron and steel
..............
4-7,9,10,19,22,23,31,32
16
Labor advertising index, strikes, turnover
13
Labor force
.
28
Lamb and mutton
28
Lard
33
Lead
Leather and products
..................
4,9,13-15,30
Life insurance
........................
........
18, 19
Linseed oil. .
..................................
30
Livestock....
.............................
3,7,8,28
Loans, real estate, agricultural, bank, brokers*
(see also Consumer credit) .......... 10,16,17, 18,20
Lubricants
...................................
35, 36
Lumber and products
...............
4,9,10-15,19,31
Machine tools. . ..............................
34
Machinery
.................
4-7,9, 13-15, 19,22,23,34
Mail order houses, sales
.......................
11
Man-hours, aggregate, and indexes ..... .
.......
14
Manmade fibers and manufactures
..............
9, 39
Manufacturers* sales (or shipments), inventories,
orders
.....................................
5-7
Manufacturing employment, unemployment, production workers, hours, man-hours, earnings. . . 13-15
Manufacturing production indexes
.............
. 3, 4
Margarine
...................................
29
Meat animals and meats
.............
3, 7, 8, 22, 23, 28
Medical and personal care. . . ---- .
.............
8
Metals
.......................
4-7,9,19,22,23,31-33
Milk
........................................
27
Mining and minerals
.................
2-4,9,13-15,19
Monetary statistics
......................
---- 19
;
Money supply. .
................
.
.............
19
Mortgage applications, loans, rates ....... 10, 16, 17, 18
Motor carriers
...............................
23,24
Motor vehicles
............
1,4-*, 8, 9, 11, 19, 22, 23, 40
Motors and generators
........................
34
National defei B expenditure*
1,18
National income and product,
National parks, visits
Newsprint
...................
. ...... . ........ 23, 37
New York Stock Exchange, selected data ........ 20, 21
Nonferrousmetab .
...............
4,9,19,22,23,33
Noninstallment credit
.........................
18
Oats
........................................
27
Oil burners
..................................
34
Oils and fats
.........................
8,22,23,29,30
Orders, new and unfilled, manufactures*
.........
6, 7
Ordnance..
133-i5
Paint and paint materials
Paper and products and pulp.
Parity ratio
Passports issued
Personal consumptio
Personal income.
Personal outlays
Petroleum and products
8,25
9,13-15,19,23,36,37
iditu
1 1 '. '. '. ! *. *. *. ". !*.*.!
24
]
'2
4-6,
8,11-15,19,22,23,35,36
Pig iron
3ll 32
Plant and equipment expenditures
2
Plastics and resin materials
25
Population
,
13
Pork
28
Poultry and eggs
3,7,8,28,29
Prices (see also individual commodities)
7-9
Printing and publishing
4,13-15
Private sector employment and earnings
13-15
Profits, corporate
2,19
Public utilities.
2-4,9,19-21,25,26
Pulp and pulpwood
36
Purchasing power of the dollar
9
Radiators and conveetors
34
Radio and television
4,11,34
Railroads
2,15,16,20,21,24,40
Railways (local) and bus lines,
23
Rayon and acetate
39
Real estate
10.17,18
Receipts, U.S. Government
18
Recreation
8
Refrigerators and home freezers
34
Rent (housing)
8
RetaU trade
5,7,11-15,17
Rice
27
Roofing and siding, asphalt
36
Rubber and products (incl. plastics)
4-6,
9,13-15,23.37
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, day, glass products
Stoves and ranges
Sugar
SoHur
Sulfnric acid
Superphosphate
2
17
19,20
20,21
1,8,13
28
9,11,12,30
19
30
39
22,23,31,32
31
20,21
4-*, 9,13-15,19,38
34
23,29
25
24
25
29
Tea imports..
24
iph carriers
Telephone and
4,11,34
Television and
Vi3^15,19,22,23,38-40
Textiles and products
33
Tin
Tires and inner tubes
..................
... 9,11,12,37
Tobacco and manufactures ........ 4-7, 9, 11, 13-15, 30
Tractors
.....................................
34
Trade (retail and wholesale)
.................
5,11,12
Transit lines, local
.......................
......
23
Transportation
......................
1,2,8,13,23,24
Transportation equipment
...........
4-7, 13-15, 19,40
Travel
...............
.......................
23,24
Truck trailers
................................
40
Trucks (industrial and other)
..................
34,40
Unemployment and insurance
.................
• 13,16
U.S. Government bonds
....................
16, 17, 20
U.S. Government
finance
...............
i
......
18
Utilities
.........................
2-4,9, 19-21,25,26
Vacuum cleaners
.............................
34
Variety stores
................................
JJ.J2
Vegetable oils
................................
29, 30
Vegetables and fruits ........ .
............
.....
7,8
Veterans* benefits
............
.................
16
Wages and salaries.
..........................
, ,
Washers and dryers
..........................
34
Water heaters
................................
„„ 34
Wheat and wheat flour. .
.............
.........
27, 28
Wholesale price indexes
.................
......
*;£
Wholesale trade
.......................
5,7,11,13-15
Wood pulp
..................................
36
ft
Wool and wool manufactures
...................
9,39
Zinc.
33
UNITED STATES
GOVERNMENT PRINTING OFFICE
PUBLIC DOCUMENTS
DEPARTMENT
WASHINGTON, D.C. 2O4O2
OFFICIAL BUSINESS
ITS
«p
OF THE
Ji ROLE DIRECT
earned abroa<3
pe i n vested
statistics will be
ORDER FORM
Send to
Superintendent of Documents
U.S. Government Printing Office
Washington, D.C. 20402
Enclosed is $_
.for.
. copies of
U.S. Direct Investments Abroad, 1966
Part 1: Balance of Payments Data
(make check or money order payable to the
Superintendent of Documents)
For use of Supt. Docs.
03100039
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