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OCTOBER
1967 / VOLUME 47 NUMBER
10
SURVEY OF CURRENT BUSINESS
CONTENTS
THE BUSINESS SITUATION
U.S. Department of Commerce
Summary
1
National Income and Product Tables
4
Personal Income by States, Second Quarter 1967
8
The 1967 Model Year—Auto Output
and Sales Decline
11
GNP by Major Industries, 1966
13
Alexander B. Trowbridge / Secretary
William H. Shaw / Assistant Secretary
for Economic Affairs
Office of Business Economics
George Jaszi / Director
Morris R. Goldman Louis J. Paradiso
Associate Directors
Murray F. Foss / Editor
Plant and Equipment Expenditures of Foreign Affiliates
of U.S. Corporations, 1966-68
17
Leo V. Barry, Jr. / Statistics Editor
Billy Jo Hurley / Graphics
ARTICLE
STAFF CONTRIBUTORS TO THIS ISSUE
The Finances of State and Local Governments
20
CURRENT BUSINESS STATISTICS
General
S1-S24
Industry
S24-S40
Business Review and Features:
Leo Bernstein
David R. Hull, Jr.
Francis L. Hirt
Robert B. Bretzfelder
Esther G. Kittner
Jack J. Gottsegen
Smith W. Allnutt III
Article:
Donald A. King
Martin Lefkowitz
Subject Index (Inside Back Cover)
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Birmingham, Ala. 35205
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Boston, Mass. 02203
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Buffalo, N.Y. 14203
117 Ellicott St. Ph. 842-3208.
Charleston, S.C. 29403
334 Meeting St.
Ph. 747-4171.
Charleston, W. Va. 25301
500 Quarrier St. Ph. 343-6196.
Cheyenne, Wyo. 82001
6022 U.S. Federal Bldg.
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Chicago, III. 60604
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550 Main St. Ph. 684-2944.
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E. 6th St. and Superior Ave.
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1114 Commerce St.
RI 9-3287.
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16419 Fed. Bldg., 20th & Stout Sts
Ph. 297-3246.
Des Moines, Iowa 50309
1216 Paramount Bldg.
Ph. 284-4222.
Detroit, Mich. 48226
445 Federal Bldg. Ph. 226-6088.
Greensboro, N.C. 27402
412 U.S. Post Office Bldg.
Ph. 275-9111.
Hartford, Conn. 06103
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Honolulu, Hawaii
96813
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Milwaukee, Wis. 53203
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Minneapolis, Minn. 55401
306 Federal Bldg.
Ph. 334-2133.
New Orleans, La. 70130
610 South St. Ph. 527-6546.
New York. N.Y. 10001
Empire State Bldg. LO 3-3377.
Philadelphia, Pa. 19107
1015 Chestnut St. Ph. 597-2850.
Phoenix, Ariz. 85025
230 N. First Ave. Ph. 261-3285.
Pittshurgh, Pa. 15222
1000 Liberty Ave. Ph. 644-2850.
Portland, Oreg. 97204
217 Old U.S. Courthouse Bldg.
Ph. 226-3361.
Reno, Nev. 89502
300 Booth St. Ph. 784-5203.
Richmond, Va. 23240
2105 Federal Bldg. Ph. 649-3611.
St. Louis, Mo. 63103
2511 Federal Bidg. MA 2-4243.
Salt Lake City, Utah 84111
125 South State St. Ph. 524-5116.
San Francisco, Calif. 94102
450 Golden Gate Ave.
Ph. 556-5864.
San Juan, Puerto Rico 00902
100 P.O. Bldg. Ph. 723-4640.
Savannah, Ga. 31402
235 U.S. Courthouse and P.O.
Bldg. Ph. 232-4321.
Seattle, Wash. 98104
809 Federal Office Bldg.
Ph. 583-5615.
the BUSINESS SITUATION
"
D,IJRING the summer, the economy
recovered from its lackluster performance in the first half. According to
preliminary estimates, gross national
product rose to a seasonally adjusted
annual rate of $790 billion in the JulySeptember quarter, up $15 billion or 2
percent from the $775 billion rate in
the April-June quarter. The advance
exceeded the entire gain in the first
half of this year and was the largest
since early 1966.
Final sales again rose substantially—
$14 billion—although the rise was not
quite as large as in each of the first two
quarters. The main factor in the third
quarter strength was the turnaround in
inventories. From the first to the second
quarter, the decline in the rate of inventory investment cut the GNP increase by $6K billion. To judge from
very preliminary figures, inventory investment added $1 billion to the
increase in GNP in the third quarter.
Production would have been higher
in the third quarter if it had not been
for the strike at the Ford Motor Company that began September 7. It is
estimated that the loss in motor vehicle
production in the third quarter was
about $2 billion at an annual rate. This
estimate reflects only the direct effects
of the strike.
two quarters. Prices of goods and
services in all major categories continued to rise in the third quarter; the
acceleration was due mainly to food
prices. Also noteworthy was the sharp
rise in construction prices and the
increase in automobile prices.
CHART 1
In the Third Quarter FINAL SALES
Showed Another Large Rise
Billion $ Change
20
nun
10
The Severe Decline in
INVENTORY ACCUMULATION Reversed
-20
As a Result, GNP Registered its
Largest Gain This Year
30
Real GNP and prices both up
About half of the GNP increase in the
third quarter represented physical volume. The rise of about 1 percent was
double the small expansion experienced
during the entire first half.
Overall prices, as measured by the
implicit price deflator for GNP, rose
about 1 percent, after increases of onehalf of 1 percent in each of the first
20
10
1
uim
2
3
4
'
1966
1
2
1967
Quarterly, Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Office of Business Economics
2
Large rise in personal income
Personal income rose $11% billion, or
1% percent, to an annual rate of
$630% billion in the third quarter, as
the step-up in production brought increased employment and an expansion
of payrolls. The increase in personal
income was considerably greater than
the $6% billion gain in the second
quarter but about equaled the first
quarter advance.
The expansion of personal income in
the third quarter was widespread, with
each major type of income sharing in
the advance. Wages and salaries accounted for most of the pickup with
an increase of $7% billion, as employment, average hourly earnings, and
average weekly hours all increased; the
rise in weekly hours stemmed a yearlong downward trend. Payrolls had
risen a meager $3% billion in the
second quarter, when employment declined for the first time in 6 years.
Higher farm prices helped boost
farm operators7 income almost $1
billion following five consecutive quarters of decline. Nonfarm proprietors7
income increased $%billion after showing
little change during the past year.
Rental income, interest income,
transfer payments, and other labor
income each increased about the same
as in the second quarter. However,
dividends rose only $% billion, as compared with a $1 billion rise in the second
quarter.
Despite the sharp increase in personal
income, disposable income rose only $8
billion, or little more than the second
quarter rise. Third quarter disposable
personal income was held down by a
jump of $3% billion in personal tax
1
SURVEY OF CURRENT BUSINESS
payments, which were abnormally low
in the second quarter because of exceptionally large final settlements on
1966 income tax liabilities.
Advances in Final Sales
Increases in final sales in the third
quarter were widespread; personal consumption, business fixed investment,
homebuilding, net exports, and government purchases all showed gains.
Consumption up modestly
Personal consumption expenditures
increased by a modest $6 billion in the
third quarter after an advance of $9K
billion in the second. Because of the
increase in prices, only about one-third
of the summer rise in consumption
reflected an expansion in physical
volume.
Most of the increase in consumer
spending was in services, which rose
$3% billion, about as much as in the
second quarter. Consumer purchases of
nondurable goods increased $1% billion,
after a gain of $3 billion in the second
quarter. The rise in spending on food
and beverages was about the same as in
the second quarter but the advance in
clothing purchases slowed considerably.
Consumer purchases of durable goods
were up $% billion in the third quarter;
HHHHHBBHBBHBHBBUHH^ CHART 2
Nonfarm Stocks as Percent of Final Sales
23
22
21
I
I I
1964
I
I I
1965
I
I
1966
I
I I
1967
NOTE.-Based on seasonally adjusted constant dollar data. Stocks, average
for quarter. Final sales at annual rate.
U.S. Department of Commerce, Office of Business Economics
6
durable goods purchases had increased
$3 billion in the second quarter following a first quarter decline. Purchases of
new domestic cars in the third quarter
fell $% billion, but this was offset by
increased spending for parts and accessories, and especially for used and
foreign cars, both of which enjoyed one
of their largest quarterly advances on
record.
Saving rate stays high
The smaller increase in consumer
spending than in disposable income in
the third quarter resulted in an increase
of $1% billion in personal saving.
Saving as a percent of disposable income was almost 7 percent, as compared
with 6% percent in the second quarter.
Except for this year's second quarter,
personal saving has increased consistently from the first quarter of 1966,
expanding from an annual rate of
$26^ billion to $37% billion in the
third quarter of this year. The saving
rate over this time has averaged 6%
percent, which is the highest for any
sustained period in the last decade.
However, the combined ratio of automobile purchases and saving does not
appear relatively as high.
October 1967
Fixed investment rises
Reflecting the credit ease that prevailed earlier this year, private residential construction rose more than $2
billion in the third quarter, a step-up
from the second quarter gain and the
third consecutive quarterly increase.
The rebound so far this year has been
pronounced—$4K billion since the low
point in the fourth quarter of 1966.
However, construction costs have risen
very sharply in the last two quarters.
Business fixed investment rose $1%
billion in the third quarter. The latest
rise followed a slight dip in the first
half, the first decline in 4 years.
According to the latest OBE-SEC
survey, taken in late July and August,
industry expects to increase its fixed
investment outlays slightly in the
fourth quarter.
Inventory investment increases
On the basis of data that are still
incomplete, it appears that inventory
investment was at an annual rate of
about $1K billion in the third quarter,
IHART 3
Motor Vehicle Production
Government up moderately
Total government purchases of goods
and services rose $4 billion in the third
quarter, a little less than the second
quarter increase. Federal government
purchases increased about $2 billion as
defense purchases rose $1% billion and
nondefense purchases advanced $% billion. The defense increase, which represented mainly larger deliveries of equipment, was the smallest since the third
quarter of 1965. The nondefense rise
was attributable mainly to higher
payrolls.
State and local government purchases
rose by $2% billion, about the same as in
the second quarter. Most of the increase was in salaries, reflecting the
continuing rise both in the number of
State and local government employees,
especially school teachers, and in their
pay scales. State and local government
construction outlays also continued to
grow in the third quarter, but only
moderately.
Strike Halted Rapid Rise in
Assemblies of New Models This Year
Thousand Units
300
Weekly Production
250
200
150
100
50
0
1
2
3
4
5
6
7
8
9 1 0
Weeks After Model Changeover
Data: AMA
U.S. Department of Commerce, Office of Business Economics
67-10-3
October 1967
as compared with $K billion in the
second. The rise from the second to
the third quarter was the first increase
in inventory investment this year.
Inventory investment fell from the
fourth to the first quarter (from an
annual rate of $18% billion to $7
billion) and again from the first to the
second (from $7 billion to $K billion).
These earlier declines were important
offsets to the large increases that
occurred in final sales.
During the third quarter, durable
goods manufacturers continued to add
to their stocks; these additions were
offset in part by reductions in stocks
held mainly by trade firms. Trade
firms apparently reduced their stocks
less in the third quarter than in the
second, and this seems to have been
the main factor behind the step-up
in the rate of total inventory investment from the second to the third
quarter.
The sharp cut in the rate of inventory
growth, combined with the large advances in final sales over the past
three quarters, has brought stocks into
a better balance with sales. As chart
2 shows, the ratio of stocks to final
sales eased from 22.9 percent in the
first quarter to 22.5 percent in the
third. However, this ratio is still above
the average range of recent years.
September Developments
The underlying trend of economic
activity was upward in the third
quarter, but the pace of the advance
in September was slowed by the effects
of labor disputes. Industrial production, which had been recovering from
its decline in the first half of 1967, fell
back in September, mainly because of
the Ford strike and associated production cutbacks. Strikes by teachers in a
number of areas caused State and local
government employment to rise less
than seasonally from August to September. Chiefly because of these reductions, the expansion in total payrolls
slowed down considerably, and personal
income in September rose only $2
billion, following monthly gains of $4J£
billion in July and August.
SUEVEY OF CUKRENT BUSINESS
Employment declines
Employment in nonfarm establishments declined by about 115,000 persons from August to September, after
seasonal adjustment. Cutbacks in manfacturing employment, which dropped
by 180,000, were quite widespread
since the strike against Ford directly
affected several industry groups. Durable goods employment fell by about
155,000, but nondurable goods producers generally reported employment
levels unchanged or down only slightly
from August. The teachers' strikes in
September involved about 60,000 persons and were responsible for the net
decline of 20,000 in seasonally adjusted
State and local government employment. These decreases were partially
offset in the overall total by gains in
employment at retail stores and in
service establishments.
Average weekly hours of work
changed little from August to September in most industries; however, average
hourly earnings generally showed substantial increases. The net result of
these changes and the drop in employment was a rise in total payrolls of
about $1 billion in September, after
average monthly increases of $3% billion
in the previous 3 months. Manufacturing payrolls fell $% billion from the
August peak, but this decline was
more than offset by increases in private
nonmanufacturing and government.
Nonpayroll incomes generally increased
in September. Income of farm proprietors rose for the third straight
month and was at its best level of the
year. Transfer payments showed a
small gain, but dividend payments
edged down and were little higher than
in June.
Consumer food prices, after declining
during the past winter and early spring,
turned up in May and have since
risen 2% percent. Eoughly half of the
most recent 3-month rise has been a
seasonal advance in grocery store prices.
Much of the rise in meat prices has
been seasonal; a high rate of livestock
slaughter has limited increases in meat
prices, which are now considerably
below year-earlier levels. In contrast,
fruit and vegetable prices, which
declined in late 1966 and early 1967
because of a record citrus harvest, have
spurted to record highs as a result of
delayed harvests and short crops this
year. Throughout 1967, prices of
restaurant meals have continued their
strong upward movement.
Among nonfood commodities, seasonally adjusted apparel prices have
CHART 4
Consumer Prices
Price rise accelerated this summer mainly
because of turnaround in food prices
Index, 1957-59 = 100
1301
125
Services
120
115
Consumer price rise accelerates
The rise in consumer prices accelerated this summer as a result of a sharp
upturn—partly seasonal—in retail food
prices, and continued advances in the
prices of nonfood commodities and
services. From May through August,
the Consumer Price Index rose 1.1
percent, or 4% percent at an annual
rate. In the previous 3 months, from
February to May, the CPI rose 0.7
percent.
110
105
Durable Commodities
i ....t I
,
100
1965
1966
1967
Data: BLS
U.S. Department of Commerce, Office of Business Economics
67-10-4
SURVEY OF CURRENT BUSINESS
October 1967
NATIONAL INCOME AND PRODUCT TABLES
1966
1965
1966
II
III
I
IV
II
1967
1966
1967
ILL'
m
1966
II
III
IV
I
II
III'
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Billions of 1958 dollars
Billions of current dollars
Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
Gross national product
683 9
743 3
736 7
748 8
762 1
766 3
775.1
790.1
616.7
652.6
649.3
654.8
661.1
660.7
664.7 671.6
Personal consumption expenditures
433 1
465 9
461 6
470 1
473 8
480 2
489.7
495.8
398 4
418.0
415.2
420.4
420.4
424.2
430.6
66 0
191 2
175 9
70 3
207 5
188 1
68 2
207 1
186.3
70 9
209.5
189.8
70 6
210 3
192.9
69 4
214.2
196.6
72 5
217 2
200.0
73 0
219 0
203.8
66.4
178.9
153.2
71.3
187.7
159.1
69.3
187.7
158.2
71.9
188.8
159.8
71.1
188.4
160.9
69.7
191.8
162.6
72.9
193.6
164.1
107 4
118 0
118 5
116 4
122 2
110 4
105.1
109.8
98.0
105.6
106.5
103.6
108.4
96.9
91.3
98 0
104 6
104 5
104 9
103 7
103.3
104 6
108 2
89.1
93.0
93.1
93.0
91.2
90.2
90.9
Nonresidential
Structures.
Producers' durable equipment. .
71 1
25 1
46.0
80 2
27 9
52.3
78 7
27 5
51.2
81 2
28.2
53.1
82 8
27.7
55.1
81 9
27.7
54.2
81 5
26.3
55.2
82 9
26.4
56.5
66.0
21.9
44.1
72.8
23.6
49.2
71.7
23.4
48.3
73.6
23.7
49.9
74.2
23.0
51.2
73.0
22.9
50.1
72.6
21.7
51.0
Residential structures.
Nonfarm
Farm
27 0
26 4
5
24.4
23 8
5
25.8
25 3
.5
23.7
23 2
.5
20.9
20 4
.5
21.4
20 9
.6
23.1
22 5
.6
25.4
24 8
.6
23.2
22.7
.5
20.2
19.7
.5
21.4
21.0
.5
19.4
19.0
.5
17.0
16.5
.5
17.3
16.8
.5
18.3
17.8
.5
9 4
8 4
10
13 4
13 7
3
14 0
14.4
— 3
11 4
12.0
— 5
18.5
19.0
— 5
7.1
7.3
— 2
.5
.6
— 1
15
1.1
4
8.8
7.9
.9
12.6
12.9
-.3
13.4
13.7
-.3
10.6
11.1
-.5
17.2
17.7
-.5
6.7
6.8
-.2
.4
.5
-. 1
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
._
Change in business inventories
Nonfarm
._
Farm
..
Exports
Imports .
Government purchases of goods and services
_ ._
6.9
5.1
5.4
4.6
4.3
5.3
5.3
5.6
6.0
4.4
4.8
4.1
3.2
4.1
4.1
39 1
32 2
Net exports of goods and services
43 0
37 9
42 5
37 1
43 7
39.0
44 0
39.7
45 3
39.9
45 1
39 8
45 8
40 2
37.5
31.5
40.8
36.4
40.4
35.6
41.4
37.3
41.2
38.0
42.4
38.3
42.3
38.2
136 4
154 3
151 2
157 7
161 7
170 4
175.0
178.9
114.3
124.5
122.7
126.6
129.1
135.5
138.7
Federal .
National defense
Other
66 8
50 1
16.7
77 0
60.5
16.5
74 9
58 4
16.6
79 5
63.0
16.6
81 5
65.6
15.9
87 1
70.2
16.8
89 5
72 5
17.0
91 4
73.9
17.5
57.8
64.7
63.4
66.4
67.8
72.3
74.4
State and local
69 6
77 2
76 2
78 1
80 2
83 3
85 4
87 6
56 4
59 9
59 4
60 1
61 3
63 2
64 3
Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
683 9
743 3
736 7
748 8
762 1
766 3
775 1
790 1
616 7
652 6
649 3
654 8
661 1
660 7
664.7 671.6
674 5
9 4
729 9
13.4
722 6
14 0
737 4
11.4
743 6
18 5
759 2
71
774 6
5
788 6 607 8
15
88
639 9
12 6
635 9
13.4
644 2
10.6
643.9
17.2
654.0
6.7
664 3
.4
346 6
379 6
375 7
381 8
391 7
388 1
392 1
330 0
353 7
351 0
354 7
361 1
356 6
359 5
337 2
9.4
366 2
13.4
361 7
14 0
370 3
11 4
373 2
18 5
380 9
71
391 6
5
321 2
88
341 0
12 6
337 6
13 4
344 1
10 6
343 9
17.2
349.9
6.7
359 1
.4
Durable goods.. _
Final sales. _
Change in business inventories
139 5
132 8
6 7
154 6
144 7
99
151 4
141 6
9 7
155 7
145 8
99
161 1
148 3
12 8
153 9
150 5
34
155 5
156 0
— 6
136 3
129 8
6 5
150 0
140 6
93
147 3
138 0
93
150 8
141 6
92
154 2
142 3
11.9
146 6
143 6
3.0
148 3
148 9
— 6
Nondurable goods
Final sales
C hange in business inventories
207 1
204 4
2.7
225 0
221 5
3.5
224 4
220 1
43
226 1 230 6
224 5 224 9
15
57
234 2
230 5
37
236 6
235 5
1* 1
193 7
191 4
2 3
203 7
200 4
33
203 7
199 7
41
203 9 206 9
202 5 201 6
5.3
14
210 0
206 3
3.6
211 2
210*2
10
262 9
287 2
296 9
303 1
307 8
222 3
235 2
233 5
237 9
239 8
242 7
244 4
76 5
283 5
77 4
291 6
74 4
75 5
73 5
75 2
75 2
64 4
63 7
64 7
62 2
60 2
61 3
60 8
Gross national product
Final sales
Change in business inventories
Goods output
Final sales
Change in business inventories -
Services
... .
Structures..- _ _ _
15
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.
" Preliminary.
683 9
743 3
736 7
748 8
762 1
766 3
775 1
616 7
652 6
649 3
654 8
661 1
660 7
664 7 671 6
616 1
666 7
661 5
670 6
681 9
683 9
690 9
565 9
597 5
594 8
599 0
604 2
602 7
606 0
593 4
569.8
23 6
642 4
617.6
24 8
637 6
612.8
24 8
646 2
621.6
24 6
656 9
633.0
23 9
658 7
635.1
23 6
665 3
641.9
23 3
547 8
524.2
23 6
578 9
556.4
22 4
576 3
554.4
22 0
580 2
558.0
22 2
585 1
562!?
22 4
583 6
559.9
23 7
586 6
563 0
23 6
18.5
20.1
19.7
20.3
20.6
21.1
21.4
14.0
14.7
14.4
14.8
14.9
15.1
15 3
4 2
42
42
41
4 4
41
4 2
41
4 0
41
40
4 3
40
4 0
67 8
76 6
75 1
78 2
80 2
82 5
84 2
50 8
55 0
54 4
55 8
56 9
57 9
58 7
790 1
SURVEY OF CUKKENT BUSINESS
October 1967
1966
1965
1966
II
III
IV
I
II
1965
III*
1966
65.5
W.4 67.5
708.7722.6
63.9
64.7
Less: Indirect business tax and nontax
liability
62.2 65.1 64.7 65.9 67.0 67.9
2.7 2.7 2.7 2.8 2.8
Business transfer payments
2.6
Statistical discrepancy
-2.0 -2.6 -2.2 -3.2 -3.8 -4.0
Plus: Subsidies less current surplus of
government enterprises
Equals: National income
Less: Corporate profits and inventory
valuation adjustment
Contributions for social insurance
Wage accruals less disbursements
Plus: Government transfer payments
to persons
Interest paid by government
(net) and by consumers
Dividends
Business transfer payments
Equals: Personal income
775.1790.1
624.0 679.8 673.6 684.9 697.4 700.8
63.1
1.2
2.2
2.0
2.8
70.5
2.8
1.6
2.3
2.7
562.4 616.7 610.4 622.1
634.1
2.0
636.4
641.6
74.9
82.2
81.3
29.7
38.2
37.4
38.9
.0
.0
.0
.0
37.2
41.2
39.2
41.3
44.7
48.1
48.6 49.7
20.4
19.8
2.6
22.3
21.5
2.7
22.0
21.6
2.7
22.4
21.6
2.7
23.2
21.2
2.8
23.7
22.2
2.8
23.9 24.3
23.1 23.4
537.8 584.0 577.3 589.3 601.6 612.9
619.1630.7
.0
78.1
78.3
42.2
84.6
42.5
.0
.0
Compensation of employees
Wages and salaries. _
Other labor income
Employer contributions to private pension and welfare funds
Other
.0
29.1 28.2
29.6
25.0
27.8
Personal consumption expenditures. 25.4 24.9 23.7 24.7 24.5 22.2 24.6
Producers' durable equipment
4.5 4.4 4.2 4.4 4.3 3.9
4.3
Change in dealers' auto inventories. . 1.0
.4 1.1 -1.3
.6 -1.1 -1.2
Net exports.
.0 -.1
.3
.3
.0 -.3 -.1
Exports
1.0 1.3 1.0 1.5 1.5 1.3
1.6
Imports .7 1.2 1.1 1.3 1.5 1.6
1.7
Addenda:
New cars, domestic 2
New cars, foreign
29.0
1.2
27.6
1.8
27.0
1.6
26.1
1.9
27.4 22.8
2.1 2.2
25.3
2.7
20.8
20.5
21.1 21.7
22.2
22.9
23.6
59.3
59.3
59.2
58.6
57.8
57.8
58.8
43.2
43.3
43.3 43.4
43.2
43.4
43.8
Farm__
14.8
16.1
16,0
15.9
15.1
14.6
14.3
15.0
19 0
19 4
19 3
19 4
19 6
19 8
20.0
20.2
_ . ... .. .
Rental income of persons
Corporate profits and inventory valuation adjustment
42 3 43 6
— 4 — 4
74 9
82 2
81 3
81 9
84 6
78.1
78.3
76 6
83 8
83 6
84 0
83 9
79.0
78.9
34 5 34 5
49.3 49.2
21.5 21.6
27.8 27 6
34 6
49.4
21.6
27.8
34 6
49.3
21.2
28 2
32 5
46.5
22.2
24.2
32.5
46.5
23.1
23.4
-1.7 -1.6 -2.3 -2.2
.7
-.8
-.7
-.7
21.1 21.6
22.1
22.6
31 4
45.2
- ._ .. 19.8
25 4
17.9
20.2
19.8
20.4
23.4
Table 7.—National Income by Industry Division (1.11)
562.4 616.7 610.4 622.1 634.1 636.4
641.6
22.5 22.6 22.0 21.6
38.0 38.4 38.7 39.8
190.0 193.6 198.8 195.0
72.6 73.8 75.3 75.9
117.4 119.8 123.5 119.2
21.3
39.7
194.0
75.1
113. 9
Transportation
Communication ...
Electric, gas, and sanitary services
Wholesale and retail trade
23.1 24.8 24.7 24.7 25.4 25.5
11.2 12.4 12.3 12.7 12.7 12.8
11.4 12.1 11.9 12.4 12.3 12.4
84.2 90.8 90.1 91.1 92.6 93.5
25.7
13.0
12.6
94.9
Finance, insurance, and real estate
Services. .. _ _.
Government and government enterprises
Rest of the world
61.3 65.6 64.9
63.7 69.3 68.6
66.2
70.2
75.2
42
86.3 88.4
41 44
AH industries, total
Billions of current dollars
18.6
15 5 17 3
3 1 3.5
56.7
.
Inventory valuation adjustment
Table 5.—Gross Auto Product in Current and Constant Dollars
(1.15, 1.16)
641.6
393.9 435.7 430.7 441.2 450.2 459.1 463.4 472.3
359.1 394.6 390.2 399.6 407.4 414.7 418.3 425.9
41.9
._ ..
Net interest. .
29.8
III"
Business and professional _ _
Income of unincorporated enterprises
Inventory valuation adjustment
Profits tax liability
Profits after tax
Dividends
Undistributed profits
31.4
II
Private ._ .. - - . . _. 289.8 316.7 313.8 320.1 326.1 331.4 333.2 339.0
12.1 14.7 14.2 15.1 15.8 16.1 16.2 16.3
Military
Government civilian _ _ .. . _ . 57.1 63.2 62.2 64.3 65.6 67.3 68.9 70.6
Supplements to wages and salaries. ._ 34.9 41.1 40.5 41.6 42.7 44.4 45.2 46.3
Employer contributions for social
16.2 20.3 20.0 20.6 21.1 22.2 22.3 22.8
insurance
Proprietors' income.
43.3
..
Profits before tax
Gross auto product 1
I
562.4 616.7 610.4 622.1 634.1 636.4
National income
.. 683.9 743.3 736.7 748.8 762.1 766.3
63.5
IV
Table 6.—National Income by Type of Income (1.10)
Table 4.—Relation of Gross National Product, National Income,
and Personal Income (1.9)
Less: Capital consumption allowances- 59.9
III
Billions of dollars
Billions of dollars
Equals: Net national product
II
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Gross national product
1967
1966
1967
Agriculture, forestry, and fisheries
Mining and construction
M anufacturing
Nondurable goods ...
Durable goods
21.0
35.3
171.8
66.3
105.5
22.7
38.2
192.1
73.2
118.9
84.6
4.2
83.0
42
67.5 68.4
71.3 72.6
90.8
4.1
69.6
74.1
92 5
4 2
Billions of 1958 dollars
Gross auto product
l
31.4
30.3 29.7
25.3
28.2
24.7 22.6
4.3 3.9
.7 -1.1
25.0
4.3
-1.3
28.8 29.9
Personal consumption expenditures _ 25.4
Producers' durable equipment
4.5
Change in dealers' auto inventories. . 1.0
Net exports
.3
Exports
1.0
Imports
...
.7
Addenda:
25.4
4.4
.4
.1
1.3
1.2
.0
1.1
1.1
.3
1.6
1.3
.1
1.5
1.5
-.2
1.3
1.6
.0
1.6
1.7
New cars, domestic 2
New cars, foreign
28.2
1.8
27.6
1.6
26.6
1.8
27.8
2.1
23.3
2.2
25.8
2.7
.. .
29.2
1.2
24.2 25.3
4.2 4.4
1.1 -1.4
All industries, total
Financial institutions
Mutual
Stock _ _
Non financial corporations
1
The gross auto product total includes Government purchases, which amount to $0 2 billion
annually for the periods shown.
p Prdfmin0m ^gr°SS aUt°product total by the markuP on both used cars and foreign cars.
Table 8.—Corporate Profits (Before Tax) and Inventory Valuation
Adjustment by Broad Industry Groups (6.12)
M anuf actu ring
Nondurable goods ..
Durable goods _ _ _ , _
Transportation,
communication,
and public utilities. _ . _
All other industries
74.9
82.2
81.3
81.9
84.6
78.1
78.3
8.4
9.3
9.0
9.5
9.6
9.6
9.5
2.0
6.4
1.9
7.4
66.5
72.9
72.2
72.4
75.0
68.5
68.8
38.7
16.5
22.2
43.1 42.5
18.7 18.5
24.4 24.0
42.7
18.8
23.9
44.4 39.6
19.2 18.4
25.3 21.1
38 9
17.8
21.1
11.2
16.6
11.9
18.0
11.8
17.9
12.0
18.6
11.9
18.0
12.0
17.8
11.7
17.3
SURVEY OF CUERENT BUSINESS
1966
1965
1966
II
October 1967
1966
1967
III
IV
I
II
1965
III*
1966
1
Table 9.—Gross Corporate Product (1.14)
392.5 429.6 425.5 433.0 442.2 441.5
444.5
38.7
39.2
39.8
40.3
40.9 41.7
37.0
38.2
37.9
38.6
39.2
39.7
40.4 41.2
363.1
249.8 275.9 273.2 279.0 284.5 289.1
224.6 246.1 243.9 248.8 253.5 257.1
25.2 29.8 29.3 30.2 30.9 32.0
290.5 295.9
258.0 262.5
32.5 33.4
Net interest.-
-2.4 -2.4 -2.4 -2.4
-2.4 -2.5
-2.5 -2.5
71.7 78.9 78.0 78.7
73.3 80.6 80.3 80.8
31.4 34.5 34.5 34.6
42.0 46.0 45.9 46.2
18.3 19.9 20.1 20.1
23.7 26.1 25.8 26.1
-1.7 -1.6 -2.3 -2.2
81.2
80.5
34.6
45.9
19.6
26.3
.7
75.1
75.8
32.5
43.3
21.6
21.7 ......
-.7
Cash flow, gross of dividends Cash flow, net of dividends
Cross product originating in
financial institutions
74.9
75.7
32.5
43.2
20.7
22.5
-.8
__
._
20.8
20.5
21.1
21.7
22.2
22.9 23.6
56.7
41.9
14.8
59.3
43.2
16.1
59.3
43.3
16.0
59.2
43.3
15.9
58.6
43.4
15.1
57.8
43.2
14.6
57.8 58.8
43.4 43.8
14.3 15.0
Rental income of persons
Dividends
Personal interest income
19.0
19.8
38.4
19.4
21.5
42.4
19.3
21.6
41.9
19.4
21.6
42.8
19.6
21.2
44.3
19.8
22.2
45.2
20.0 20.2
23.1 23.4
46.0 46.8
39.7
43.9
41.9
44.0
47.5
50.8
51.4 52.4
18.1
20.8
19.6
21.0
23.2
24.7
25.6 26.2
2.2
5.6
13.8
1.8
5.7
15.6
1.6
5.4
15.3
1.8
5.4
15.8
1.8
6.3
16.2
2.1
6.5
17.6
2.1 2.3
6.5 6.6
17.0 17.3
13.4
17.9
17.3
18.4
18.7
20.0
20.2 20.5
Less: Personal tax and nontax payments
._
_
_ _ _ _ _ 65.6
75.2
74.1
76.9
79.6
85.6
66.1
83.5
62.8
84.2
62.6
16.2
17.5
17.3
17.7
18.0
18.4
18.6
Less: Personal contributions
social insurance
425.9
37.9
37.7
38.1
38.6
39.1
39.8 40.5
36.5
36.2
36.9
37.5
37.9
38.6 39.4
6.6
347.5
274.6 279.5
244.1 248.3
30.5 31.3
6.8
7.0
7.1
71.5
70.8
30.2
40.6
18.2
22.5
.7
65.3
66.1
28.1
38.0
19.2
18.8
-.8
65.6
66.3
28.2
38.1
20.0
18.1
-.7 ~-.~7~
79.3
61.1
77.2
57.9
77.9
57.9
5.9
72.8
55.9
6.7
78.9
60.4
78.6
60.0
79.1
60.5
7.3
7.4
385.3
80.2
79.1 82.8
540.0 547.9
Less : Personal outlays
445.0 479.0 474.6 483.2 487.4 493.9
Personal consumption expenditures- 433. 1 465.9 461.6 470.1 473.8 480.2
11.3 12.4 12.3 12.5 12.9 13.1
Interest paid by consumers
Personal transfer payments to for.7
.6
.6
.7
.6
.7
eigners
__
_
504.0 510.1
489.7 495.8
13.3 13.5
Equals : Disposable personal income
Current dollar cost per unit of
1958 dollar gross product
originating 2in nonfinancial
corporations
1.057 1.076 1.072 1.080 1.091 1.100
Capital consumption allowances
Indirect business taxes plus transfer
payments less subsidies
Compensation of employees.
Net interest
.100
.099
.099
.099
.099
.102
.103
.099
.664
.016
.095
.682
.018
.095
.679
.017
.096
.687
.018
.096
.693
.018
.098
.711
.018
.100
.713
.019
Corporate profits and inventory valuation adjustment
.178
Profits tax liability
.078
Profits after tax plus inventory valuation adjustment- - .100
.182
.079
.181
.080
.180
.079
.184
.078
.170
.073
Addenda :
Disposable personal income :
Total, billions of 1958 dollars
434.4 456.3 452.6 458.4 463.2 470.6
474.9 477.7
Per capita, current dollars. _
Per capita, 1958 dollars
2,427 2,584 2,560 2,598 2,639 2,686
2,232 2,317 2,302 2,324 2,341 2,373
2,716 2,747
2,388 2,395
__
.101
.101
.106
.097
.097
1
2
29.8
28.7
29.2
Personal consumption expenditures
-. 433.1 465.9 461.6 470.1 473.8 480.2
489.7 495.8
66.0
70.3
68.2
70.9
70.6
69.4
72.5 73.0
Automobile sand parts
_ _ __ _ 29.9
Furniture and household equipment . 27.0
Other
. _
9.1
29.8
29.9
10.6
28.5
29.1
10.6
29.8
30.6
10.5
29.6
30.6
10.4
27.3
31.4
10.7
29.7 29.8
31.9 31.9
10.9 11.3
_ _ 191.2 207.5 207.1 209.5 210.3 214.2
217.2 219.0
_ _ _ 99.0 106.7 107.0 107.3 107.2 109.3
36.1 40.3 39.8 41.0 40.8 41.5
15.1 16.2 16.2 16.3 16.6 17.1
41.1 44.3 44.1 44.8 45.7 46.3
110.1 111.0
43.2 43.7
17.5 17.7
46.4 46.6
_ _ 175.9 188.1 186.3 189.8 192.9 196.6
200.0 203.8
_ __
_ _
Services.
Housing
Household operation
Transportation..- _ _
Other
63.6
25.7
12.6
74.0
67.1
27.0
13.6
80.4
66.5
26.9
13.5
79.4
67.4
27.4
13.7
81.3
68.5
27.7
14.0
82.7
69.6
27.8
14.4
84.8
70.6
28.1
14.6
86.6
71.9
28.1
14.8
89.0
Table 12. — Foreign Transactions in the National Income and
Excludes gross product originating in the rest of the world.
This is equal to the deflator for gross product of nonfinancial corporations, with the decimal
point shifted two places to the left.
v Preliminary.
27.2
34.6
Table 1 . —Personal Consumption Expenditures by Major Type (2.3)
1
.170
.073
.103
.8
38.8
Equals : Personal saving.
Food and beverages..
Clothing and shoes
Gasoline and oil
Other
__
1.105
1.0
36.0 37.8
Nondurable goods
Dollars
for
472.2 508.8 503.3 512.4 522.0 532.7
Durable goods
Billions of 1958 dollars
Gross product originating in
nonfinancial corporations
356.1 383.0 380.9 384.6 389.0 384.7
418.3 425.9
164.8 167.3
132.6 134.5
99.6 101.6
68.8 70.1
85.0 86.9
_ _ _ 18.6
85.4
65.3
236.4 261.3 258.8 264.3 269.5 273.7
212.8 233.4 231.2 236.0 240.5 243.7
23.6 27.9 27.5 28.3 29.1 30.0
619.1 630.7
359.1 394.6 390.2 399.6 407.4 414.7
144.5 159.3 158.0 161.0 164.1 165.7
115.6 128.1 126.9 129.7 132.6 133.1
86.9 93.9 93.0 94.9 96.5 98.7
58.3 63.5 62.9 64.3 65.5 67.0
69.3 77.9 76.4 79.4 81.4 83.4
_
84.6
64.5
Corporate profits and inventory
valuation adjustment
63.3 69.7 69.0 69.2
Profits before tax.
_ _ 64.9 71.3 71.3 71.3
Profits tax liability
27.6 30.3 30.3 30.3
Profits after tax
37.3 41.0 41.0 41.0
Dividends .
16.9 18.5 18.6 18.6
Undistributed profits
_ 20.4 22.5 22.3 22.4
Inventory valuation adjustment- _ _ -1.7 -1.6 -2.3 -2.2
Cash flow, gross of dividends
Cash flow, net of dividends
Other labor income
85.0
65.1
Income originating in nonfinancial
corporations
305.5 337.7 334.3 340.3 348.0 346. 1
Net interest
III*
Proprietors' income _
Business and professional
Farm
78.4
60.1
Gross product originating in
nonfinancial corporations
376.3 412.1 408.2 415.3 424.2 423.1
Compensation of employees
Wages and salaries
Supplements
Wage and salary disbursements
_
C ommodity-producing i n dustries _ _
Manufacturi n,g
Distributive industries
. _.
Service industries
Government
-
Transfer payments. _ _
Old-age, survivors, disability, and
health insurance benefits
State unemployment insurance
benefits
Veteran s be nefits
Other .
Capital consumption allowances
_. 35.5
Indirect business taxes plus transfer
payments less subsidies 35.3
II
537.8 584.0 577.3 589.3 601.6 612.9
Personal income
39.0
Compensation of employeesWages and salaries _
Supplements
._ _ _ -
I
Table 10.—Personal Income and Its Disposition (2.1)
36.5
Income originating in corporate business
319.1 352.4 348.8 355.2 363.2 361.5
Corporate profits and inventory
valuation adjustment
Profits before tax
Profits tax liability.
. _ _
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment. .
IV
Billions of dollars
Billions of dollars
Gross corporate product. _
III
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Capital consumption allowances
Indirect business taxes plus transfer
payments less subsidies. _
II
1967
Product Accounts (4.1)
39.1
43.0
42.5
43.7
44.0
45.3
45.1 45.8
39.1
43.0
42.5
43.7
44.0
45.3
45.1 45.8
39.1
43.0
42.5
43.7
44.0
45.3
45.1 45.8
32.2
37.9
37.1
39.0
39.7
39.9
39.8 40.2
Transfers to foreigners..
Personal
Government
2.8
.7
2.2
2.9
.6
2.3
2.9
.7
2.3
2.8
.6
2.2
2.5
.6
1.9
2.9
.7
2.2
3.1
1.0
2.0
3.0
.8
2.2
Net foreign investment .
4.1
2.2
2.5
1.8
1.8
2.5
2.3
2.6
Receipts from foreigners
Exports of goods and services...
Payments to foreigners
Imports of goods and services
SUKVEY OF CTJKRENT BUSINESS
October 1967
1965
1966
II
III
1966
1967
1966
IV
I
II
1965
III P
1966
II
Table 13.—Federal Government Receipts and Expenditures (3.1, 3.2)
124.8 143.2 141.6 145.6 148.6
53.8
29.3
61.7
32.3
60.9
32.2
63.1
32.4
65.2
32.3
65.5
30.3
64.0
30.3
67.4
16.5
25.2
15.9
33.3
15.9
32.5
16.2
34.0
16.3
34.7
16.2
37.0
16.5
37.2
16.7
37.9
160.9
162.8 166.4
77.0
60.5
16.5
74.9
58.4
16.6
79.5
63.0
16.6
81.5
65.6
15.9
87.1
70.2
16.8
89.5
72.5
17.0
91.4
73.9
17.5
32.4
.. 30.3
2.2
36.0
33.7
2.3
34.1
31.9
2.3
35.9
33.7
2.2
38.8
36.9
1.9
42.2
40.0
2.2
42.4
40.3
2.0
43.4
41.3
2.2
11.2
14.8
14.6
15.3
15.6
15.6
15.3
16.2
8.7
9.5
9.4
9.6
10.0
10.4
10.4
10.5
Grants-in-aid to State and local governments
Net interest paid
Subsidies less current surplus of government enterprises
Surplus or deficit (—), national income and product accounts
II
III P
Table 16.—Implicit Price Deflators for Gross National Product (8.1)
Gross national product
148.1
66.8
50.1
16.7
Purchases of goods and services
National defense
Other .
Transfer payments - - To persons.To foreigners (net) _ -
149.1
123.4 142.9 138.4 146.3 151.9
Federal Government expenditures
I
Index numbers, 1958=100
Billions of dollars
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax
accruals
Contributions for social insurance
IV
Seasonally adjusted
Seasonally adjusted at annual rates
Federal Government receipts
III
1967
Personal consumption expenditures
110.9 113.9 113.5 114.4 115.3 116.0 116.6 117.7
108.7 111.5 111.2 111.8 112.7 113.2 113.7
99.5 98.6 98.4 98.7 99.4 99.5 99.5
106.9 110.6 110.3 111.0 111.6 111.7 112.2
114.8 118.3 117.8 118.7 119.9 120.9 121.9
Durable goods
Nondurable goods
Services
Gross private domestic investment
110.0 112.5 112.2 112.8 113.7 114 4 115 0
Fixed investment
107.7 110.2 109.7 110.4 111.6 112.2 112.2
Nonresidential
Structures
Producers' durable equipment
114.6 118.4 117.7 118.9 120.1 121.0 121.5
104.2 106.2 105.8 106.3 107.7 108.2 108.3
116.4 120.9 120.4 122.0 123.2 123.8 126.2
116.5 121.1 120.5 122.2 123.4 124.0 126.4
110.2 114.1 114.1 114.6 115.9 117.3 118.8
Residential structures
Nonfarm
Farm
Change in business inventories
Net exports of goods and services
4.3
1.4
5.4
.3
5.3
3.2
6.0
5.9
5.6
5.3
4.9
104.5 105.4 105.0 105.4 106.7 106.7 106.7
102.4 104.1 104.0 104.8 104.3 104.3 104.3
Government purchases of goods and
services
-.7 -3.3 -11.9 -14.7
- - - - - -
119.4 123.9 123.1 124.6 125.2 125.8 126.1
Exports
Imports.
. .
115.5 119.1 118.3 119.7 120.2 120.5 120.3
123.4 129.0 128.3 129.9 130.8 131.9 132.9
Federal
State and local
Table 14.—State and Local Government Receipts and Expenditures
(3.3, 3.4)
State and local government receipts
75.1
84.7
83.6
86.0
87.9
89.3
90.4
Personal tax and nontax receipts
11.8
Corporate profits tax accruals
2.1
Indirect business tax and nontax
accruals
45.7
Contributions for social insurance. .. 4.5
Federal grants-in-aid
11.2
13.5
2.3
13.1
2.3
13.7
2.3
14.3
2.3
14.7
21
15.1
21
15.4
49.2
4.9
14.8
48.7
4.8
14 6
49.8
4.9
15 3
50.6
5.0
15 6
51 7
5.2
15 6
52 6
5.3
15 3
53 7
5.4
16 2
73.9
81.8
80.6
82.7
84.9
88 3
90 6
93 0
69.6
6.9
5
77.2
7.5
.3
76.2
7.3
3
78.1 80.2
7.6
7.8
3
3
83.3
81
2
85.4
83
2
87.6
84
*2
3.1
3.3
3.3
34
33
33
State and local government expenditures. - Purchases of goods and services
Transfer payments to persons
Net interest paid
Less: Current surplus of government
enterprises
Surplus or deficit (—), national
income and product accounts
Table 17.—Implicit Price Deflators for Gross National Product by
Major Type of Product (8.2)
Gross national product _ .
33
34
1.2
2.9
2.9
3.3
3.0
1.0
-.2
102.4 103.1 102.8 103.2 104.5 104.9 104.8
106.9 110.4 110.1 110.9 111.5 111.5 112.0
Durable goods
Nondurable goods
....
118.3 122.1 121.4 122.6 123.8 124.9 125.9
- - - - -
115.5 120.1 119.6 121.2 122.0 122.6 123.8
Services
Structures
110.9 113.9 113.5 114.4 115.3 116.0 116.6 117.7
105.0 107.3 107.0 107.6 108.5 108.8 109.0
Goods output
Addendum :
Gross auto product
99 9
98 2
98 1
98 0
99 0
98 8
98.8
Table 15.—Sources and Uses of Gross Saving (5.1)
Gross private saving
110 8 119 5 117 0 118 7 128 2
Personal saving
27.2
Undistributed corporate profits
25.4
Corporate inventory valuation adjustment
—1 7
Corporate capital consumption
allowances
36 5
Noncorporate capital consumption
allowances
23 4
Wage accruals less disbursements
.0
Government surplus or deficit (— ),
national income and product
accounts.-. _
Federal
State and local ._
Gross investment
127 7
125 1
34 6
28.2
7
38 8
24.2
37 8
Q
36 0
23.4
7
39 2
39 8
40 3
40 9
d.1 7
24 7
.0
24 9
.0
25 2
.0
25 5
.0
oc Q
29.8
27.8
28 7
27.6
29 2
27.8
16
23
22
39 0
38 7
24 5
.0
24 4
.0
3
10 8
11 9
10
112 9
27
32
6 1
14
12
3
29
32
29
26
7
33
Gross private domestic investment- . 107.4 118.0 118.5 116.4 122.2 110.4
Net foreign investment41 22
25
18 18
25
0 0
Statistical discrepancy
A (\
2 2 •~3 2
—2 0 —2 6
Genera] government
m
t
105.1 109.8
9 3
0 o
Gross national product
2
0
p Preliminary.
110.9 113.9 113.5 114.4 115.3 116.0 116.6 117.7
108.9 111.6 111.2 112.0 112.9 113.5 114.0
Private
. ..
Households and institutions
2
107 3
Table 18.—Implicit Price Deflators for Gross National Product by
Sector (8.4)
Business
Nonfarm. - ,
Farm
-14. 7
111 5 120 2 121 0 118 1 124 0
.0
15 0
33
30
7
108.3 111.0 110.6 111.4 112.3 112.9 113.4
108.7 111.0 110.5 111.4 112.5 113.4 114.0
100.0 110.7 112.9 110.8 106.7 99.3 98.8
132.3 137 0
133.5 139.2 138.1 140.0 141.0 142.3 143.4
SURVEY OF CUEEENT BUSINESS
8
continued to rise, but not as much as
earlier this year. Prices of other nondurable goods, notably gasoline and
home heating oil, have risen moderately.
Durable goods prices have moved up
this year after declining last fall and
winter. New car prices failed to show a
seasonal decline this summer, and used
car prices increased much more than
usual from May through August after
a very sharp drop last winter. Prices of
household durables edged up this
summer after several months of relative
stability.
Charges for consumer services continued their steady climb this summer,
but rates of increase eased moderately
for some groups. From May through
August, prices of medical care services
rose 1.6 percent, somewhat less than
the rise in previous quarters. Even so,
prices for this group have risen nearly
9 percent over the year. Prices of household and transportation services advanced nearly 1 percent in the latest
3-month period; this represents a somewhat faster rise for transportation
services but a slight slowing of the
advance in household services, excluding rent. With rental vacancy rates
declining, rents have been increasing
somewhat more rapidly than in other
recent years.
October 1967
advance primarily reflected small declines in manufacturing wage and salary
payments, construction payrolls, and
farm income. For manufacturing income, this was the first drop since the
1960-61 recession.
Total manufacturing payrolls in the
second quarter were down $0.5 billion,
or almost 0.5 percent, from the opening
quarter of the year. The decline was
confined to the durable goods sector
where payrolls fell more than $% billion,
or nearly 1 percent. Among the regions,
the heavily industrialized Great Lakes
registered the sharpest decline in durables—more than 2 percent—while the
Far West experienced a substantial
gain.
Payrolls in nondurable manufacturing industries continued to advance in
Personal Income by States, Second Quarter 1907
CHART 5
Change in Payrolls in Durable Goods
Manufacturing, First Half 1967 and 1966
Average Percent Change Per Quarter
TOTAL personal income advanced
moderately in most regions in the
second quarter of 1967, but in the
Great Lakes States, the decline in
manufacturing payrolls severely limited the overall income change. At a
seasonally adjusted annual rate of
$613X billion in the spring quarter of
1967, personal income in the 50 States
was up $6)4 billion, or 1 percent, from
the opening quarter of the year. This
was the smallest advance in 4% years.
In contrast to personal income, GNP
rose more slowly in the first quarter
than in the second. Corporate retained
earnings and corporate taxes, which
are part of GNP but not of personal
income, declined sharply in the first
quarter but only slightly in the second.
Transfer payments, which are included
in personal income but not GNP, rose
much more in the first quarter than in
the second.
The pace of the second quarter income rise was well under that of the
first quarter in the Mideast, Great
Lakes, Plains, Rocky Mountains, and
Far West. In New England, first and
second quarter percentage gains were
4
-
2
0
2
4
I
-
I
6
Durable Wages & Salaries
as % of Total Personal Income
about equal, and in the Southwest
and Southeast, second quarter gains
were well above those of the first.
The slower growth in income this
spring showed up in many different
parts of the Nation, and income declined by 0.3 percent or more in six
widely scattered States. Two of the
six are located in the Great Lakes,
two in New England, one in the Plains,
and one in the Rocky Mountains. This
was the largest number of States to
show an income reduction of 0.3 percent or more since the first quarter of
1961. Moreover, income in the second
quarter was little changed (gains or
declines of 0.3 percent or less) in 14
States. There were average gains in
personal income (0.3 percent to 1}£
percent) in 18 States, while in 12—
located mostly in the two southern
regions—personal income rose by 1%
percent or more (table A).
Declines in income from durable
manufacturing,
construction,
and farming
-
On a national basis, the second quarter slowdown in the personal income
8
4
2
0
2
4
6
Average Percent Change Per Quarter
U.S. Department of Commerce, Office of Business Economics
SURVEY OF CURRENT BUSINESS
October 1967
Table A.—Quarterly Total Personal Income, by States and Regions
[Millions of dollars, seasonally adjusted at annual rates l]
1964
Percent change
1967
1966
1965
Average per
quarter
State and region
1-1967
to II1967
I
Massachusetts. _ _
Rhode Island
Connecticut. ..
_
Mideast.
I
II
III
IV
I
II
III
IV
I
490, 154
499, 541
507, 866
517 472
527, 252
541 625
552 914
564, 524
573, 907
585,688
597,808
607, 247
613, 339
2.0
1.3
1.0
31 055
31, 612
32 278
32 460
33 189
33 971
34 648
35,268
35 947
36 641
37, 781
38,110
38,465
2.2
.9
.9
2,034
1,569
830
2,072
1,594
845
2,100
1,624
2,189
1,641
866
890
2 211
1 666
2 253
1 700
2 292
1,766
2 330
1,794
968
995
2,361
1,836
1 029
2,390
1,873
1 042
2,438
1,913
1 074
2,496
1,980
1,120
2,529
2,016
1,138
2,534
2,037
1,128
1.7
2.5
3.0
.7
1.4
.3
.2
1.0
-.9
15, 052
2,276
8,786
15, 289
2 326
8 929
15, 536
2 376
9 110
15, 838
2 426
9 294
15 830
2 426
9 426
16 176
2 453
9 682
16, 734
2 568
9 643
16 876
2 581
10 072
17, 222
2 646
10 174
17, 472
2 694
10 476
17, 752
2 743
10, 721
18, 243
2,831
11,111
18, 516
2,869
11, 042
18, 735
2,847
11, 184
2.0
2.3
2.5
1.3
.3
.3
1.2
-.8
1.3
117,613
Maine
. _ .
N e w Hampshire _ _ _ _
Vermont-
IV
30, 547
New England.
III
482, 091
United States
II
119 565
121, 959
123 732
125 179
127 009
130 585
132 461
135 045
137 150
139 036
142, 437
145, 383
147, 128
1.8
1.6
1.2
1.5
1.4
.4
901
925
II
IV-1965 IV-1966
to IIto IV1967
1966
54, 942
20 046
28, 939
55, 736
20 327
29 581
56, 731
20 729
30 218
57 205
21 087
30 842
58 026
21 346
30 974
58 762
21 769
31 408
60 274
22 479
32 304
61 122
22 766
32 775
62, 255
23 198
33 523
63 179
23 562
34 047
63, 936
23 802
34, 662
65, 286
24 492
35, 493
66, 919
24 966
35, 961
67, 911
25, 308
36, 115
1.6
1.8
2.0
2.0
1.6
.9
1,500
9,398
2,788
1 522
9 606
2,793
1 578
9,854
2,849
1 600
10 145
2,853
1 629
10 326
2,878
1 651
10 510
2,909
1 711
10 822
2,995
1 754
10 987
3,057
1 774
11 199
3,096
1 795
11 431
3,136
1 816
11, 646
3,174
1 854
11, 995
3,317
1,893
12, 316
3,328
1,903
12, 491
3,400
1.4
2.2
1.3
2.0
2.1
1.2
Great Lakes. ..
101, 759
103 610
106, 049
107 699
110 969
113 383
116 079
119 798
121, 503
123 231
126, 787
128, 688
130, 568
130, 773
1.8
.8
.2
Michigan
Ohio
Indiana . _
21 979
26,097
12, 240
22 464
26 482
12 425
23 070
27 135
12 749
23 285
27' 565
12 894
24 328
28 248
13 470
25 059
28 686
13 828
25 516
29 402
14 155
26 788
30 194
14 670
26 752
30 826
14, 840
27 204
31 250
15 019
28 254
31 991
15, 433
28 523
32 601
15, 622
28 222
33 123
15, 994
28,898
33, 056
15, 827
1.6
1.9
1.6
.6
.7
.6
2.4
-.2
Illinois.
Wisconsin. . .
31, 308
10, 135
31 915
10 324
32 575
10 520
33 179
10 776
33 926
10 997
34 609
11 201
35 504
11 502
36 449
11 697
37 073
12 012
37 611
12 147
38 516
12 593
39 135
12, 807
40 204
13, 025
40,006
12, 986
1.8
2.3
1.1
.7
-.5
-.3
37, 205
37 537
38 160
38 903
40 007
41 332
42 582
43 444
44 221
44 718
45 739
46 710
47 254
47, 438
1.8
.8
.4
1.0
.7
.6
.9
New York
New Jersey
Pennsylvania
DelawareMaryland-.
District of Columbia.
Plains ...
.5
1.4
2.2
-1.0
8,478
6 519
8 553
6 550
8 650
6 667
8 803
6 860
9 093
7 071
9 368
7 450
9 706
7 693
9 825
7 873
10 059
8 022
10 174
8 148
10, 528
8 320
10, 730
8 542
10 897
8 595
10, 959
8,674
2.2
2.1
Missouri.
North Dakota-
10,800
1,262
10 905
1 256
11 116
1,290
11 267
1 340
11 528
1 412
11 802
1 488
12 118
1 541
12 446
1 558
12 599
1,560
12 694
1 519
12 941
1,509
13 179
1,539
13 562
1,620
13, 543
1,557
1.4
-.3
1.4
.6
-3.9
South Dakota
Nebraska. _
1,327
3,402
1 282
3 447
1 319
3,505
1 347
3 579
1 427
3 663
1 493
3 809
1 562
3 881
1 568
3 987
1 633
4,049
1 640
4 098
1,637
4,250
1 661
4,322
1 664
4,292
1,667
4,280
1.4
2.0
.2
-.5
.2
-.3
MinnesotaIowa
-.1
Kansas
5,417
5 544
5 613
5 707
5 813
5 922
6 081
6 187
6 299
6 445
6 554
6 737
6 624
6,758
2.1
.1
2.0
Southeast
79,138
80 466
81 988
83 945
85 803
87 277
90 099
91 953
94 447
96 443
98 555
100 484
101 727
103,261
2.3
1.4
1.5
9 554
3,362
6,000
9 754
3 418
5 894
10 049
3 475
5,955
10 252
3 563
6 060
10 416
3 592
6 256
10 534
3 649
6 436
10 900
3 746
6 633
11 072
3 783
6 730
11 335
3 862
6,899
11 497
3 854
7 007
11 680
3 955
7,264
12 016
4 075
7,391
12 340
4 119
7,490
12, 457
4,118
7,610
2.1
1.9
2.4
1.8
.6
1.5
.9
.0
1.6
6,982
9,029
4,141
7 043
9 233
4 224
7,192
9,335
4 290
7 348
9 700
4 446
7 595
9 895
4 516
7 694
9 992
4 624
7 962
10 282
4 850
8 132
10 458
4 949
8 335
10, 913
5 134
8 550
11 205
5 260
8 711
11, 462
5 388
8 843
11, 682
5 443
9 132
11, 579
5 492
9,134
11, 788
5,538
2.1
2.8
2.4
1.6
.4
.9
.0
1.8
.9
8,365
12 552
5,892
8 534
12 862
6 016
8 748
13 084
6 162
8 922
13 410
6 319
9 185
13 626
6 510
9 374
13 882
6*605
9 647
14 337
6 781
9 954
14 661
6 890
10 195
14 885
7*053
10 476
15 195
7 226
10 646
15 681
7*290
10 973
15 856
7 437
10 899
16 061
7 565
11, 144
16 560
7,567
2.5
2.0
1.9
.8
2.2
.9
2.2
3.1
.0
3,366
6,597
3,298
3 389
6 737
3 362
3 444
6,846
3 408
3 490
6 964
3 471
3 585
7 135
3 492
3 678
7*280
3 529
3 812
7 544
3 605
3 911
7 729
3 684
4 039
7 935
3 862
4 185
8 082
3 906
4 142
8 368
3 968
4 237
8 547
3 984
4 244
8 713
4 093
4 374
8,824
4 147
2.0
2.5
2 0
1.6
1.6
2.0
3.1
1.3
1.3
32,939
33 661
34 261
34 782
35 358
36 074
36 996
37 692
38 778
39 399
40 217
41 084
41 500
42 413
2 2
1.6
2.2
5,095
22 334
5 186
22 862
5 250
23 312
5 343
23 668
5 484
24 030
5 571
24 553
5 734
25 198
5 856
25 688
5 996
26 475
6 007
26 973
6 126
27 592
6 258
28 190
6 384
28*434
6 426
29 110
1.7
2 3
1.3
1.6
.7
2.4
New Mexico
Arizona
2,064
3 446
9 101
3*512
2 138
3 561
2 159
3 612
2 191
3*653
2 244
3 706
2 314
3 750
2 316
3 832
2 354
3 953
2 388
4 031
2 376
4 123
2 436
4 200
2 460
4 222
2 500
4 377
13
2 3
1.3
2.1
1.6
3.7
Rocky Mountain
10,930
11 007
11 121
11 281
11 504
11 650
11 985
12 237
12 407
12 564
12 668
12 913
13 297
13 348
13
1.7
.4
1,581
1 422
1 599
1 468
1 610
1 520
1 652
1 620
1 684
1 624
1 732
1*691
1 780
1 718
1 789
1 744
1 828
1 726
1 864
1 696
1 882
1 802
1 906
1 764
904
905
1.4
2
5
.6
.9
1.6
-2.1
878
880
1 882
1 732
1.3
820
1 580
1 437
'821
4 918
2 189
4 946
2 223
5 017
2 209
5 065
2 250
Virginia
West Virginia
Kentucky
Tennessee
North Carolina
South Carolina
. .
Georgia
Florida
Alabama
Mississippi _
Louisiana
Arkansas ..
Southwest
Oklahoma
Texas .
Montana
Idaho
Wyoming
.. „
Colorado
Utah
.
828
836
840
.1
845
846
5 090
2 302
5 181
2 316
5 348
2 368
5 464
2 417
5 569
2 445
5 662
2 470
5 720
2 508
5 840
2 583
6 036
2*673
6 096
2 677
17
17
2.2
1.8
1.0
.1
858
860
876
69 266
70 485
71 549
72 359
73 288
74 414
76 307
77 610
79 654
81 285
82 816
84 321
86 142
87 232
21
1.8
1.3
Washington
Oregon..
7,941
4 792
8 025
4 870
8 129
4 987
8 242
5 034
8 346
5 215
8 468
5 275
8 766
5 402
8 949
5 524
9 325
5 593
9 553
5 733
10 014
5 732
10 284
5 892
10 398
5 928
10 412
6 033
3.5
.6
1.2
.1
1.8
Nevada . _ _
California
1 328
55 205
1 335
56 255
1 373
57 060
1 389
57 694
1 406
58 321
1 425
59 246
1 448
60 691
1 452
61 685
1 502
63 234
1 506
64 493
1 498
65 572
1 521
66 624
1 592
68 224
1 589
69 198
1.9
2.2
1.9
-.2
1.4
939
25
2 5
— 1.2
—1.8
-.1
.7
Far West
Alaska _
Hawaii
750
1 944
769
804
833
1 999
2 038
2 054
830
2 074
846
2 078
858
2 163
1
Revised.
NOTE.—Quarterly totals for the State personal income series will not agree with the personal
income measure carried in the national income and product accounts since the latter includes
276-422 O - 67 - 2
872
2 199
869
2 332
885
2 285
902
2 327
963
2 427
940
2 326
2 342
16
12
income disbursed to Government personnel stationed abroad.
Source: U.S. Department of Commerce, Office of Business Economics.
10
SUEVEY OF CURRENT BUSINESS
October 1967
payments: again of only 1 percent
billion) in the second quarter, as compared with a 7 percent ($3}£ billion)
spurt in the first. The rate of increase
slowed markedly in both unemployment compensation payments (up nearly
a fifth in the winter quarter, but only 3
percent in the spring) and social security
benefits. Also, the large advance payment of GI life insurance dividends
during the first quarter of 1967 was
not repeated during the second. All
regions followed the national pattern
of slower second quarter growth in
transfers.
England at the national rate; advances
in the Mideast and the Far West were
somewhat more vigorous. Although
New England sustained one of the largest
relative reductions in nondurable payrolls (off three-fourths of 1 percent, as
compared with a national advance of
one-half of 1 percent) and hard goods
payrolls changed little, a substantial
gain in government compensation (both
Federal and State and local) helped
maintain the rate of advance in total
income close to the national average.
There were good sized advances in
nearly all of the States of the Mideast,
and in two of the four States—including
California—of the Far West. Most
income shares in the Mideast rose or
fell at about the same rate as in the
Nation as a whole; however, both State
and local and Federal payrolls rose
somewhat faster than the national
average. The income gain in the Far
West was widely distributed; a 1%
percent advance in durable payrolls
was the outstanding development. Most
other major income shares advanced
at about the national pace.
the spring, but the gain of $% billion
(one-half of 1 percent) was the smallest
since early 1963. Here, too, the largest
relative decline was in the Great Lakes
region. Both the Southeast and Southwest scored large gains.
Although homebuilding continued to
recover during the spring, total construction expenditures were little
changed because of a reduction in business and government construction outlays. In contrast to the mixed regional
pattern of increases and decreases in
manufacturing payrolls, the decline in
construction wage and salary payments
extended to every region. Thus, although nationally the decline in construction payrolls (down 1}{ percent, or
about $0.3 billion) was almost as large
as the cut in manufacturing, it had
little differential regional impact. The
widespread cutbacks in building during
the spring quarter were the reverse of the
pattern in the winter quarter, when these
payrolls expanded in nearly every region.
Farm income continued to fall in the
second quarter—the fifth consecutive
quarterly decline—though at a smaller
rate than in the previous period. The
spring quarter drop reflected mainly
lower prices received by farmers. The
decline in income from agriculture had
its greatest effect in the Plains and
Rocky Mountains, where farm income
fell more than in the Nation as a whole.
Because farm income is important in
these regions, total income in both
regions rose only slightly. However, in
the Southwest, where farming is also
important, agricultural earnings spurted
and helped to spark a large rise in total
income.
Other shares weak
Most other types of personal income
continued to expand in the springquarter, but in most cases, the rate of
gain was slower than in the opening
quarter of 1967. For example, wage and
salary payments in the distributive industries rose nearly 2J/2 percent in the
first quarter but less than 1 percent in
the second. The same pattern was evident in mining payrolls and in the
transportation, communication, and
public utilities groups.
There was a particularly sharp falloff
in the rate of expansion in transfer
Small Income Rise in Most
Regions
The weakening in the personal income
flow this spring was most evident in
the heavily industrialized Great Lakes
region. Personal income in the region as
a whole was up only slightly as an increase of 2% percent in Michigan
little more than offset small decreases
in Indiana, Illinois, and Wisconsin.
The declines reflect-ed sizable drops in
manufacturing wages, especially in hard
goods. Durable goods payrolls fell more
than 5 percent in Indiana and Illinois—
by far the greatest decrease in any of
the major industrial States. An upturn
in auto output with its consequent rise
in manufacturing payrolls mainly accounted for the strong gain in Michigan.
Plains and Rocky Mountains
The Plains and Rocky Mountains
had only small second quarter gains in
total personal income—about one-half
of 1 percent. In both regions, increases
reflected a continued weakness in farm
income as personal income from nonfarm sources expanded at about the
national average of 1 percent. In the
Plains, most nonfarm income shares
had average gains. In the Rocky Mountain region, both durable and nondurable manufacturing payrolls were a
little stronger than in the Nation, but
trade and service wages and salaries
and nonfarm proprietors' incomes were
weaker.
New England, the Mideast, and Far
West
With small but widespread gains in
a number of income sources, total
personal income expanded in New
Southeast and Southwest
Above-average income gains were
scored in the Southeast—up 1% percent—and the Southwest—up a little
more than 2 percent. In both regions,
large gains in nondurable manufacturing payrolls more than offset cutbacks
in wage payments of durable goods
manufactures. Running counter to the
national trend, farm income expanded
in both regions, although the gain in
the Southeast was small and accounted
for only a minor part of the overall
advance. In contrast, farm income in
the Southwest rose markedly in the
second quarter and contributed onethird of the overall advance in total
personal income, even though farming
makes up only 4% percent of all income
in the region. In addition to farming,
the gains in both the Southeast and
Southwest reflected increases well above
average in the transportation and
service industries. Income was higher
in all four States of the Southwest,
and in nine of the 12 States in the
Southeast, although the income change
was comparatively small in West Virginia, Tennessee, and Alabama.
The 1967 Model Year- Auto Output and Sales Decline
RETAIL sales of new cars (including
imports) in the United States totaled
8.6 million units in the 1967 model year,
6 percent below the alltime high of 9.2
million in the 1966 model year. The
1967 decline followed 5 years of increase
from the 1961 recession low of 5.9
million units (chart 6).
All of last year's decrease was in
sales of new domestic cars, which fell
from 8.5 million units to 7.9 million or
back to the 1964 level. The strike at
Ford in September, the last month of
the 1967 model year, may have reduced
total sales by about 50,000 cars.
Registrations of new foreign cars in
the United States rose for the fifth
straight year, reaching an estimated
750,000 units in the 12 months ended
in September.1 Although this represented a substantial 17 percent gain
over the 642,000 cars marketed in the
previous year, the percentage increase
was the smallest of the last 3 years.
Sales of foreign cars in 1967 accounted
for their highest share of the new car
market since 1960.
7% million in the third. However, it is
unlikely that the third quarter decline
reflected a weakening in demand.
Part of the third quarter drop was
due to the strike, but even before this,
sales of the 1967 models were falling
sharply from their June peak. This was
probably due to a rather low and
unbalanced inventory of new 1967 cars
as the production year drew to a close.
The earlier-than-usual factory changeover period this year made it difficult
to correct this inventory condition,
which did not become apparent until
well into the spring quarter.
The background of this summer's
stock shortages was the fairly steady
decline in dealers' inventories in the
first half of 1967, from a seasonally
adjusted total of 1% million units at
the end of December 1966 to 1% million
Changes within the year
10
CHART 6
New Car Sales in the United States
By Model Years— Domestics and Imports
at the end of June. By the end of
August, stocks had fallen to somewhat
less than 1.2 million units; about
three-fourths of these were 1967 models
and the remainder 1968 models, not
available for sale until the September
introduction dates. A slight improvement in sales and the sharp decrease in
production during September resulted
in a decline in inventories to approximately 1.1 million units.
The changing condition of inventories is reflected in shifts in the stocksales ratio. With sales depressed in the
first quarter, the ratio rose from 2.1 at
the end of last December to 2.3 at
the end of March—a near-record level.
However, by midyear the ratio had
fallen to 1.7, and in July, at 1.6, it was
the lowest since early 1965, when sales
were at a peak as an aftermath of the
1964 auto strike. Stocks of 1967 models
were so depleted by the end of August
that the seasonally adjusted stocksales ratio was only 1.4, well below the
1.7 figure for the outgoing models in
August 1966 and the 1.6 in August 1965.
Million Units
Auto product and GNP
Imports
Sales of new domestic cars in the
fourth quarter of 1966 (the openingquarter of the model year) were at a
seasonally adjusted annual rate of 8.2
million units, about the same as in the
two previous quarters. Because of the
economic slowdown early in 1967, sales
fell markedly—to a 7.2 million rate—
but they improved to a rate of just
over 8 million in the second quarter,
only to drop back to a rate of about
i This figure excludes about 280,000 domestic-type cars
imported from Canada. Franchised dealers of U.S. domestic
makes distribute these imports and include them in their
reported sales and inventory figures. Such imports were
negligible before the 1966 model year, when about 114,000
cars were brought in from Canada.
I960
61
62
63
64
65
Years Ending September 30
U.S. Department of Commerce, Office of Business Economics
66
The decline in automobile production
was important in the slowdown in the
GNP rise from the second half of 1966
to the first half of 1967. Gross auto
product was at a seasonally adjusted
annual rate of $26:4 billion in the first
half of 1967 (table 1), down from $28.9
billion in the second half of 1966.
Gross auto product fell to 3.4 percent
of GNP in the first half of 1967, down
from 4 percent in 1966 and 4.6 percent in 1965 and the lowest since 1961.
In real terms, the share of GNP was 4
percent in the first half of 1967, 4.6
percent in 1966, and 5.1 percent in
1965.
11
12
Auto prices firmer this summer
Recent months have seen some firming in new car prices. Measured by the
Consumer Price Index, prices of new
cars declined 7 percent from 1959
through the first quarter of 1966.
Seasonally adjusted prices rose moderately through the end of 1966, but as
sales weakened, fell back again in the
first half of 1967, to about their recent
low. In the third quarter, with the low
carryover of 1967 models, dealers were
able to market them at higher prices,
after seasonal allowances. Increases in
list prices averaging somewhat over
$100 accompanied the introduction of
the 1968 models. This is more than can
be attributed to safety and other equipment made standard in the 1968 models.
In contrast to the Consumer Price
Index, which measures changes in prices
of new cars of relatively fixed specifications, the average price per unit (which
also takes account of changes in product
mix) has been rising steadily, and the
rise accelerated somewhat in 1967. To
an important extent, the long upward
movement in average price reflects both
the proliferation of new equipment and
its increasing acceptance by consumers.
The most significant equipment change
between the 1966 and 1967 models was
in factory-installed air conditioning—
present in 37 percent of the 1967 models
but only 29 percent of the 1966 models.
The proportion of cars with powerassist accessories rose moderately from
1966 to 1967.
SURVEY OF CURRENT BUSINESS
There has been a steady and substantial shift in the distribution of
output from the lower to the higher
price models. Cars priced over $2,500
October 1967
have risen from less than one-third of
output in 1961 to two-thirds in the
first half of 1967, while the percentage
erf cars priced at $2,500 or less has
Table 1.—Gross Auto Product and Gross National Product
Billions of dollars
Gross auto
product i
Billions of 1958 dollars
Gross auto
product as Gross auto
product
percent of
GNP
Gross auto
product as
percent of
GNP
GNP
GNP
21.4
17.9
503.7
520.1
4.2
3.4
21.0
17.5
487.7
497.2
4.3
3.5
1962
1963
22.5
25.1
560.3
590.5
4.0
4.3
22.0
24.7
529.8
551.0
4.2
4.5
1964
1965
25.8
31.4
632.4
683.9
4.1
4.6
25.5
31.4
581.1
616.7
4.4
5.1
I960
1961
.
29.8
743.3
4.0
30.3
652.6
4.6
1967 I*
25.0
766.3
3.3
25.3
660.7
3.8
II*
27.8
775.1
3.6
28.2
664.7
4.2
1966
.
*Seasonally adjusted at annual rates.
1
Gross auto product is defined as the value of domestically produced cars plus the net value added by the distribution
of new, used, and imported cars.
Source: U.S. Department of Commerce, Office of Business Economics.
Table 2.—Percentage Distribution of Passenger Car Production by Price Lines, Model
Years 1961-67 1
Firsl.half
1961
Price class
1963
1962
1964
1965
1966
1966
1967
$2,500 and less
68.2
67.2
51.7
48.7
47.4
40.5
39.8
32.3
$2,501 to $3,000
21.8
21.9
35.6
39.0
39.2
43.0
42.5
46.3
$3,001 to $3,500
3.3
3.5
5.1
5.3
6.4
8.3
8.9
11.0
$3,501 and over
6.7
7.4
7.6
7.0
7.0
8.2
8.8
10.4
1
Model years are defined as years ending September 30. Prices are exclusive of optional equipment, Federal excise and
other taxes, transportation costs, and dealers' delivery and handling charges.
Source: U.S. Department of Commerce, Office of Business Economics, on the basis of trade sources.
Table 3.—-Domestic Production and Imports of New Automobiles, by Model Years *
[Thousands of cars]
Output by price line and size
Another significant factor in the rise
in average price per unit has been the
continuing shift in demand toward
more expensive body styles. Table 2
compares production of cars according
to their factory-suggested prices exclusive of Federal excise and other taxes,
transportation, dealers' delivery and
handling charges, and optional equipment. However, the prices in this table
include equipment that was formerly
optional but is now standard. For
example, automatic
transmissions,
power steering, and power brakes are
no longer optional on some cars, while
heaters and seat belts are no longer
optional on any cars.
1960
1962
1961
1965
1964
1963
1967
1966
7,659
Production
6,012
5,408
6,687
7,340
7,892
8,843
8,606
Imports 2 -
552
395
338
390
453
538
642
3750
6,564
5,803
7,025
7,730
8,345
9,381
9,248
8,409
Production and imports
Percent distribution
Standards
_
68
60
Sport-type compacts
Other compacts
Imports
Production and imports
(4)
56
59
57
53
52
50
5
. _
Intermediates
5
15
19
24
22
12
2
3
3
4
9
8
31
31
28
19
13
9
7
8
7
5
5
5
6
7
9
100
100
100
100
100
100
100
100
24
1
2
Model years are defined as years ending September 30.
Based on registrations of foreign-type cars. Excludes domestic-type cars produced in Canada. It is estimated that 280,000
of such cars were imported in the 12-month oeriod ending September 30,1967, about 114,000 in the 12 months ending September
30, 1966, and under 20,000 in the 12 months ending September 30, 1965.
3 Partly estimated.
* Less than one-half of 1 percent.
Source: U.S. Department of Commerce, Office of Business Economics, on the basis of trade sources.
13
SUKVEY OF CUEEENT BUSINESS
October 1967
fallen sharply, particularly in the past
year.
Unit production of intermediates
and standard size cars was each lower
in 1967 than in 1966; the total number
of compacts remained virtually unchanged, but more "sport-type" compacts were produced in 1967 (table 3).
In the 1967 model year, compact
cars accounted for a larger proportion
of output than in 1966, reversing a
1963-66 downtrend. Their 19 percent
share of total production and imports
in 1967 compares with 17 percent in
1966 and a peak of 34 percent in 1962.
Within the size group, however, the
share of lower priced compacts fell
from 9 percent in 1966 to 7 percent in
1967, while the share of sport-type counted for almost three-fifths of the
absolute advance in real GNP, the
compacts rose from 8 to 12 percent.
largest relative increase was in commuNew imported automobiles, most of
which are smaller than domestic com- nication, and output in transportation
pacts, accounted for an estimated 9 also recorded a substantial rise. At the
percent of total production and imports other end of the scale, real output
in the 1967 model year. This was up declined in agriculture and most of the
from 7 percent in 1966 and was current dollar increase in the gross
equaled only by the 9 percent share in product of contract construction, which
1959. The growth of imports and sports- was severely affected by last year's
type compacts in 1967 was offset by credit squeeze, reflected higher prices.
The 1965-66 rise in real GNP, ala continued reduction of the share of
though substantial, was not quite as
standard-size cars and also by a loss
in the share of intermediates, their large as the increase from 1964 to 1965,
first loss since they appeared in the which was the sharpest in the current
early 1960's. While the standards as advance (excluding the initial year of
a group lost ground, the share of rel- rise from 1961 to 1962). With demand
atively high-priced sports- or specialty- pressures less intense after the first
type standard size cars grew somewhat. quarter of 1966, a majority of industries,
including manufacturing, failed to
CHART 7
GNP by Major Industry, 1966
Percent Change in Real Output
By Industry
Percent Change
-5
0
All Industries
(Total GNP)
TABLES 1 and 2 below present revised
estimates of GNP by major industry
for 1964 and 1965 and new estimates
for 1966. Table 1 shows industry gross
product in current dollars as well as the
factor and nonfactor charges making
up the totals. Table 2 contains data on
industry gross product in constant
(1958) dollars, indexes of industry
gross product in constant dollars, and
implicit price deflators of industry
gross product. These statistics are consistent with the revised national income
and product estimates that appeared
in the July 1967 SURVEY. The definition of industry gross product and
figures for 1947-63 comparable to
those shown here for 1964-66 may be
found in the April 1967 SURVEY.
Output changes
All major industries contributed to
last year's 8.7 percent increase in
current dollar GNP. Because of the
buildup for Vietnam, the boom in
capital goods, and the record demand
for consumer durables, increases were
well above average for government
(12.1) and manufacturing (10.5), especially durable manufacturing (11.2).
Indeed, government and manufacturing were the only industries that increased more than GNP; they accounted
for more than half of the dollar advance
in GNP from 1965 to 1966 even though
they constituted only two-fifths of
GNP in 1965. Increases were well
below average for mining (4.4), electric,
gas and sanitary services (5.5), and
agriculture, forestry and fisheries (5.5
percent), which had an unusually
large gain of 14 percent the year before.
Gains for the other major industries
were generally within 1 percentage
point of the GNP increase (table A).
Last year's increase in current dollar
GNP was made up of a 5.8 percent
gain in real output and a 2.7 percent
increase in prices. The ranking of industries by percent changes in real
product only partially resembles the
ranking based on changes in current
dollar output. Although real gains from
1965 to 1966 for government and manufacturing were above average and ac-
Communication
Manufacturing
Transportation
Govt. & Govt. Enterprises
Wholesale & Retail Trade
Mining
Services
Finance, Insurance &
Real Estate
Electric, Gas &
Sanitary Services
Contract
Construction
Agri.,
Forestry &
Fisheries
U.S. Department of Commerce, Office of Business Economics
5
10
Table 1.—Gross Product in Current Dollars by Industry, Total and by Components, 1963-66
[Billions of dollars]
1963
All industries, total (GNP)
fisheries
-
743 3
632 4
683 9
365 7
15 8
56.1
60 9
135 2
—1 3
393 9
17 9
59 9
64 8
149 3
—2 0
23.0
22.2
25.3
26 7
3.5
.......
3.5
435
20
63
67
158
2
7
2
5
8
7
6
Contract Construction _ .
_
20 6
^3 6
24 8
2.8
2.8
4.4
15
10.3
4.7
16
12.7
29
*> 0
4 9
17
13 3
13.1
-
13 4
15
11.6
Employee compensation
Net interest
Capital consumption allowances
Indirect business taxes
Profit-type income
10 9
4.2
Mining
12 1
37
2 1
52
18
14 0
2.9
1.4
Employee compensation
Net interest
Capital consumption allowances
Indirect business taxes
Profit-type income .
36
19
4 9
21 5
--
17
4 6
13.2
13.6
14 2
4 6
4.8
(*)
4.4
1.5
4.4
.1
3.0
.9
4.7
-
1.6
16
(*)
30
1.7
18
30
51
(*)
4 6
4 7
30
1i
51
..
26.4
28.7
31.6
34.2
. _. . .
19.5
21.2
23.2
.
Employee compensation
Net interest
Capital consumption allowances
Indirect business taxes
Profit-type income
.
.2
1.5
.7
4.6
Manufacturing
1.0
2
1.5
8
5.1
1.0
25 6
1
1.7
g
5.8
(*)
1.8
9
60
167.0
-.
218 6
112.9
120 5
130.3
12.8
14.3
26.8
13.7
15.1
30.4
14.8
15.6
36.2
145 5
16
15.9
15 3
40.3
69.6
74.8
80.3
87.9
43.5
46.0
48.8
53.0
10.5
10 1
12.2
10 9
13.6
11 2
15 7
105 4
117.5
130 7
69.4
-- -
197.8
97.4
Employee compensation
Net interest
Capital consumption allowances _ _ Indirect business taxes
Profit-type income
..
- -
180.3
74.4
81.6
92 5
--
-. - ------
Employee compensation
Net interest
Capital consumption allowances
Indirect business taxes
Profit-type income
-- -- --
Durable goods
Employee compensation
Net interest
- Capital consumption allowances
Indirect business taxes.
Profit-type income
.5
2
6.2
.9
.4
6.7
7
7.2
28.9
31 1
18 0
19.0
20 6
2 3
31
2 3
32
8 5
8.9
9 2
5.9
.3
1.1
.6
.5
6.0
.3
1.2
.6
.4
6.2
.3
1.2
.7
.5
63
8.7
9.3
10.3
5.8
.1
1.1
.7
1.1
6.2
.1
1.1
.8
1.1
6.8
.1
1.2
.8
1.4
7.4
12.9
13.8
14.8
16. (
5.6
.4
1.6
1.7
3.6
6.1
.4
1.8
1.8
3.7
6.5
.4
2.0
1.9
4.0
Motor freight & warehousing
...
- --
Communication
-
Telephone, telegraph and related services
12.6
13.4
14. <
4.8
.4
1.
1.
3.
5.3
.4
1.7
1.8
3.4
5.6
.4
1.8
1.9
3.6
..
6.1
Employee compensation
Net interest
Capital consumption allowances. _
Indirect business taxes .
------Profit-tvoe income
*Less than $50 million.
Source: U.S. Department of Commerce, Office of Business
14.
15.7
16.5
17.'
4.
1.
2.
1.
4.
5.0
1.3
3.0
1.7
4.6
5.2
1.4
3.2
1.9
4.8
5.6
5.(
1.
3.J
2.(
5.(
.
- -
Employee compensation
Net interest
.. Capital consumption allowances
Indirect business taxes
..
Profit-type income
.
.. ...
.6
3.6
2.1
Economics.
.7
3.9
2.2
.9
87
4.1
7
4.2
.a
1.2
7
.e
11 i
1.4
.c
1.4
2.1
l.i
4.4
2.(
l.J
4.(
121 3
63 4
5
59
20 7
21 6
69 2
4
63
22 7
22 6
41.6
44 7
48 9
20.8
.2
1.8
9.4
6.8
22.2
.2
18
9.9
74
23 9
3
20
11 1
75
26 3
2
22
12 1
82
Employee compensation
Net interest
-Capital consumption allowances
Indirect business taxes
Profit-type income
Services
-
--
-- -
Employee compensation
. ..
Net interest
Capital consumption allowances
Indirect business taxes Profit-type income
-.
.
.
-
Household and institutions
Employee compensation .. .
Net interest
C apital consumption all owances _ ...
Indirect business taxes
Profit-type income
Government and Government enterprises _
Employee compensation
Net interest
Capital consumption allowances
Indirect business taxes _ .
Profit-type income
_..
-
-.
General government
Employee compensation
Net interest
-_-._
Capital consumption allowances
Indirect business taxes
Profit-type income
.
22.7
15 8
-8.6
13
2.0
10 6
17.2
-9.4
1.4
2.0
11.5
66.4
71.4
77.4
37.1
.7
4.8
2.0
16.4
40.3
.8
5.1
2.1
17.9
43.8
1.0
5.5
2.2
19.0
48.2
1.1
5.8
2.3
19.9
17.3
18.5
20.1
17.3
18.5
20.1
71.2
76.8
86.1
70.0
75.2
84.6
.1
1.1
.1
1.5
.1
1.4
63.0
67.8
76.6
63.0
67.8
76.6
- -
4.0
(*)
.8
2.5
3.1
3.2
532.4
-- -
4.2
4.2
3.4
(*)
.8
.
Employee compensation
Net interest
Capital consumption allowances
Indirect business taxes
Profit-type income
21 0
14.9
-8.0
1.1
1.8
10.0
58.1
--
19.8
.1
1.2
...
20.4
11 3
15.9
17 6
33.6
64.7
Finance and insurance
98.8
18.8
10 1
15.1
16 8
32 1
66.0
-..-.-
92.9
17.7
8.8
14.2
15.6
30.3
16.0
. -
86.7
16.0
- . . .-
16.6
7.7
13.0
14.5
29.1
58.1
Employee compensation
Net interest
Capital consumption allowances
Indirect business taxes
Profit-type income
42 9
2
4.1
10 7
14.4
13.9
—7.3
1.0
1.7
9.5
Finance, insurance and real estate
72 3
39 5
3
3.9
96
14.1
60.9
-
67 4
36 7
.2
3.6
9.0
13.8
18.8
•- -
63 3
34.2
.2
3.4
8.3
12.3
80.9
Employee compensation
Net interest
C apital consumption allowances _
Indirect business taxes
Profit-type income
Rest of the world
112 1
58.9
5
5.5
18 9
21.2
1966
58.4
Retail trade
7. i
11.6
-. . . ..
..
26 6
8.3
Railroads
--
24 6
2 1
Employee compensation
Net interest
Capital consumption allowances _
Indirect business taxes
Profit-type income
22.7
.6
3.4
1.9
-
-
18 2
17.1
Employee compensation
Net interest
Capital consumption allowances
Indirect business taxes
Profit-type income
.5
8.1
4.7
25.1
---
.3
7.5
5.0
16.3
Employee compensation
Net interest
Capital compensation allowances
Indirect business taxes
Profit-type income
Employee compensation
Net interest
Capital consumption allowances
Indirect business taxes
Profit-type income
Electric, gas and sanitary services
.2
5.8
9.6
.1
7.0
4.7
- -
Transportation
Employee compensation
Net interest
Capital consumption allowances
Indirect business taxes
Profit-type income. - . - . -
.3
.. .
104 9
55.0
.4
5.2
17.6
19.0
.
1965
38.8
Employee compensation
Net interest
Capital consumption allowances
Indirect business taxes
Profit-type income
- - -
1964
97 2
Wholesale and retail trade
Wholesale trade
14
Farms
http://fraser.stlouisfed.org/
14
Federal Reserve Bank of St. Louis
1963
1966
341 0
13.8
52.6
57 0
126.3
— 3
Employee compensation
- Net interest
Capital consumption allowances
Indirect business taxes
-. ...
Profit-type income
Nondurable goods
1965
590.5
Employee compensation
Net interest
- - - -Capital consumption allowances _
Indirect business taxes
Profit-type income
Statistical discrepancy
Agriculture, forestry, and
1964
569.4
616.1
666.7
282.9
13.8
52.6
57.0
126.3
-0.3
302.7
15.8
56.1
60.9
135.2
-1.3
326.1
17.9
59.9
64.8
149.3
-2.0
359.1
20.2
63.5
67.8
158.7
-2.6
(*)
9
(*)
.9
3.3
Addenda:
Private sector
Employee compensation
Net interest
Capital consumption allowances
Indirect business
Profit-type income
Statistical discrepancy
.
- -
- -. --
491.5
Employee compensation .- Net interest
Capital consumption allowances
Indirect business taxes
Profit-type income
btaiisiica aiscrepa y
--
527.6
569.8
617.6
264.0
11.7
48.4
55.6
112.2
03
282.6
13.3
51.7
59.4
121.9
—1.3
304.8
15.2
55.3
63.2
133.4
—2.0
336.1
17.2
58.6
66.1
142.1
-2.6
NOTE.—Employee compensation consists of wages, salaries, and supplements. Net interest
is net interest component of national income. Capital consumption allowances consist of
depreciation and accidental damage to fixed business property. Indirect business taxes consist of indirect business tax and nontax liability and business transfer payments. Front-type
income consists of corporate profits after inventory valuation adjustment, proprietors' income, rental income of persons, and surplus of government enterprises less subsidies. Capital
consumption allowances and profits by industry may differ from the hitherto published
figures because these two items have been reallocated by industry from a company to an
establishment basis.
Detail may not add to totals because of rounding.
SURVEY OF CURRENT BUSINESS
15
match their relative gains from 1964
to 1965. Others that increased generally showed 1966 gains only slightly
larger than in the previous year; among
these industries, government and mining were the major exceptions to this
pattern (chart 7).
Price changes
The 2.7 percent increase in the GNP
deflator from 1965 to 1966 was the
largest since 1957 and represented a
departure from the pattern of moderate
increases that had characterized the
expansion since 1961. Except for mining,
where gross product prices were unchanged, and transportation and communication, where prices declined, all
industries registered increases last year
(table B). Price advances were clearly
Table A.—Percent Change in Gross Product,
Current and Constant (1958) Dollars, by
Industry, 1965-66
Table B—Percent Change in Implicit Price Deflators and Contribution to Change in GNP
Deflator, by Industry, 1961-65 and 1965-66
October 1967
Current
dollars
All industries, total GNP
Agriculture, forestry and fisheries _.
Mining .
_ _
Contract construction
Manufacturing
Transportation
C om m unins^ti on
Electric, gas and sanitary servicesWholesale and retail trade
-.-.
Finance, insurance and real estate.
Services
Government and Government
enterprises
Percent change
Constant
dollars
8.7
-4.7
4.8
1.8
8.6
Point
5.8
5.5
4.4
8.2
10.5
5.5
8.2
8.6
8.9
3.5
6.0
6.3
8.4
4.0
4.3
12.1
7.3
7.6
8.1
Contribution to change in GNP deflator
1961-65 i
1965-66
AH industries, total GNP
Agriculture, forestry and fisheries
Mining.
_ ___
Contract construction
Manufacturing
1.5
1.8
-1.4
5.0
0.3
2.7
10.7
0.0
6.4
1.8
n
Transportation
Communication
___
Electric, gas and sanitary services
Wholesale and retail trade
.0
-.1
-.1
.7
-1.2
-.5
2.1
2.1
(*)
(*)
1.3
3.4
4.1
2.3
3.8
4.5
2
Finance, insurance and real estate
Services
___ __.
__ _ __
Government and Government enterprises
__ __
Percent distribution
1961-65 i
1965-66
1961-65
1.5
0.1
2.7
0.4
.0
.2
.6
100.0
6.7
(*)
13.3
6.7
- .1
(*)
.1
.4
.0
(*)
(*)
0.7
.3
.4
.4
13.3
20.0
26.7
..1
2
.0
.2
.3
.4
1965-66
100.0
14.8
0.0
7.4
22.3
3.7
(*)
3.7
14.8
11.1
14.8
14.8
* Less than 0.5 percent.
Average annual compounded rate of change between initial and terminal years.
Includes "rest of the world," and the "residual."
1
2
Table 2.—Gross Product in Constant Dollars by Industry, 1963-66
Implicit price deflators
Indexes of gross product in 1958 dollars
(Billions of 1958 dollars) 1
(Index numbers, 1958=100) 3
(1958=100) 2
1963
All industries, total (GNP)...
Agriculture, forestry andfisheries..
Farms
551.0
24.0
22.8
1964
581.1
23.6
22.3
1965
1966
1963
1964
1965
1966
1963
616.7
652.6
123.2
129.9
137.9
145.9
107.2
24.9
23.6
23.7
22.4
109.2
109.3
107.2
107.2
113.1
113.2
107.8
107.6
95.6
94.6
1964
108.8
94.2
92.3
1965
1966
110.9
113.9
101.7
100.0
112.6
110.7
Mining
13.9
14.4
14.8
15.5
112.8
116.6
120.0
125.7
94.1
91.7
91.5
91.5
Contract construction
21.9
23.3
23.7
24.1
105.9
112.9
114.6
116.7
120.4
123.1
133.1
141.6
Manufacturing
_.
Nondurable goods industries
Durable goods industries -.
162.4
66.8
95.6
173.7
71.3
102.4
190.1
75.7
114.4
206.4
80.9
125.4
131.3
123.7
137.3
140.4
131.9
147.0
153.7
140.1
164.3
166.9
149.8
180.1
102.8
104.2
101.9
103.8
105.0
103.0
104.0
106.1
102.7
105.9
108.6
104.2
Transportation- _ .
Railroads
Motor freight and warehousingCommunication
Telephone and telegraph
25.2
9.7
8.5
26.2
10.2
8.6
28.7
10.9
9.7
31.1
11.5
10.4
120.2
114.9
132.1
124.8
120.5
134.3
136.7
128.9
150.6
148.5
136.0
163.0
99.8
85.7
103.1
101.7
83.8
107.6
101.0
81.7
106.6
99.8
79.9
106.6
12.3
11.3
13.2
12.2
14.4
13.3
15.7
14.6
139.4
141.7
149.3
152.9
162.3
166.6
176.8
182.2
104.3
102.7
104.6
102.7
103.0
100.6
102.5
99.5
Electric, gas, and sanitary services
14.4
15.3
16.0
16.5
134.5
142.5
149.3
154.5
103.4
102.9
103.0
105.2
Wholesale and retail trade
Wholesale trade
Retail trade. .
92.8
38.7
54.1
98.9
41.5
57.3
104.7
43.8
01.0
111.0
46.6
64.5
123.6
131.8
118.3
131.6
141.2
125.4
139.4
148.8
133.4
147.8
158.3
141.0
104.7
100.2
107.9
106.1
100.1
110.4
107.0
102.2
110.5
109.2
105.1
112.2
Finance, insurance, and real estate
Finance and insurance
74.4
16.4
78.3
16.8
82.6
17.3
85.9
17.8
125.6
115.0
132.2
117.8
139.6
121.2
145.2
124.9
108.8
114.5
110.8
117.7
112.4
121.3
115.0
127.6
Services
Households and institutions
52.2
13.2
54.7
13.7
57.2
14.0
59.6
14.7
121.7
115.7
127.5
119.4
133.2
122.0
138.9
128.1
116.7
120.9
121.2
126.4
125.0
132.3
129.8
137.0
Government and government enterprises. .
General government.
53.9
47.8
56.1
49.1
58.0
50.8
62.2
55.0
114.0
113.5
118.6
116.5
122.7
120.6
131.6
130.7
122.4
121.5
127.0
128.4
132.5
133.5
138.4
139.2
4.0
167.2
192.1
202.7
198.3
124.2
125.0
131.3
132.7
139.7
141.3
147.5
150.0
105.8
106.0
107.0
107.2
108.9
108.7
111.6
111.0
Rest of the world..
3.4
Residual*
0.1
Addenda:
Private sectorPrivate nonfarm business
503.2
463.8
3.9
4.1
-0.5
-2.5
—3.3
532.0
492.1
565.9
524.2
597.5
556.4
„„
„0
3 by the corresponding gross product in constant (1958) dollars based on unrounded data. They there0
r
fore 4
may differ from figures computed from published figures.
Represents difference between GNP measured as sum of final products minus sum of gross product originating by industries.
Source: U.S. Department of Commerce, Office of Business Economics.
16
SURVEY OF CUREENT BUSINESS
above average for services and government and substantially above average
for construction and agriculture.1
An industry's contribution to the
overall price advance depends not only
on the size of its price increase but also
on its weight, i.e., its contribution to
total output. Manufacturing recorded
a smaller-than-average price advance
in 1966 (1.8 percent), but because of its
1
The general qualifications regarding implicit deflators
and the specific qualifications regarding those for construction and government were discussed in the October 1962
Survey, pp. 9-11.
substantial weight, it accounted for
more of last year's price rise than any
other industry—0.6 points of the 2.7
point increase in GNP prices. Trade,
agriculture, services, and government
each contributed 0.4 points, reflecting
combinations of varying price increases
and weights. The price decreases in
transportation and communication were
only small offsets to rises in other
industries.
As compared with the 1961-65 average, price increases in gross product
October 1967
originating last year accelerated in most
industries. The step-up in 1966 was
pronounced in agriculture, manufacturing, and trade, where increases from
1961 to 1965 had been about or below
average; the acceleration was less pronounced in construction, services, and
government, where increases from 1961
to 1965 had been especially large. The
relative importance of this shift in
industry price rises over the two periods
is indicated in the last two columns
of table B.
Plant and Equipment Expenditures of Foreign Affiliates
of Ul Corporations, 1966-68
PLANT and equipment expenditures over 1967. Realized outlays in 1966 for
by foreign affiliates of U.S. corporations all of the major industries within manin 1966 amounted to $8.8 billion, about ufacturing were less than anticipated.
$1.3 billion or 17 percent more than in In particular, capital outlays of the
1965. The increase was somewhat less transportation equipment industry were
than projections for 1966 had indicated. below earlier estimates, and are exProjected expenditures indicate a pected to decline in 1967 and 1968.
smaller rise from 1966 to 1967: $1.1 The chemical industry, which experibillion, or 12 percent. This is less than enced steady growth through 1967, is
the increase projected for 1967 in the not planning any further expansion in
earlier surveys. A further slowdown in 1968.
the year-to-year rate of expansion, to
The capital expenditures of the peabout 8% percent, has been reported troleum industry in 1966 were relatively
for 1968.
close to earlier projections, and the
These year-to-year changes are ob- large increase originally projected for
tained by comparing the estimate for 1967 has not been changed. An even
a given year with the estimate made in greater rise has been planned for 1968.
the corresponding period of the preced- This increase accounts for nearly all of
ing year, on the assumption that the the gain in plant and equipment exestimates are based on similar types penditures of foreign affiliates of U.S.
of information available to the cor- corporations projected for 1968. The reporate officials responding to the ques- mainder of the 1967-68 rise has been
tionnaires. For example, the 8% percent reported by affiliates in the mining and
rise for 1968 is based on a comparison smelting industries.
of column A, 1968, with column A,
1967 in table 1. For a further explana- Geographic pattern
tion see the May 1967 SURVEY, pp.
The areas most affected by the slower
9-12.
rise projected for 1967 and 1968 are
those in which manufacturing facilities
Growth mainly in petroleum
are most important, i.e., Europe and
Expenditures for manufacturing faCanada.
cilities accounted for most of the
In Europe, actual plant and equipreduction from earlier projections in
ment expenditures in 1966 were close to
1966 as well as for the slower growth
of investment expected for 1967. The $3.3 billion, almost one-fourth higher
projections for 1968 indicate no increase than ic 1965. Although this was a
sizable increase, it was less than the 34
percent advance anticipated ir the middle of 1966. For 1967, the latest projections indicate an increase over 1966 of
not quite 12 percent, and for 1968, an
increase of only 3% percent over 1967.
The trend for plant and equipment
expenditures in Canada is similar, except that actual expenditures in 1966
were nearly 27 percent higher than in
1965, as compared with an increase of
20 percent projected in the middle of
that year. The most recent projections
point to a rise of only 8% percent from
1966 to 1967 and no rise for 1968.
In contrast to Europe and Canada,
plant and equipment expenditures by
U.S. affiliates in Latin America and
other Western Hemisphere countries
seem to be accelerating. Actual 1966
expenditures were about the same as in
1965, but for 1967 a 16 percent inciease
is projected, with a further increase of
about 23 percent anticipated in 1968.
Expenditures in all other areas, which
include the oil-producing countiies in
Asia and Africa, rose about 8 percent
in 1966. Outlays are piojected to increase more than 15 percent in 1967
and another 18 percent in 1968. Most
of the companies reported their projections before the outbreak of the war in
the Middle East, however, and changes
in plans resulting from that conflict
would not be reflected in these figuies.
SURVEY OF CUREENT BUSINESS
October 1 6
97
Trends in area shares
17
Caribbean area, which declined steadily
from 18 percent in 1960 to about 12.5
percent in 1966. However, the share
is expected to rise to 14 percent in 1967
and to 15.5 percent in 1968.
Capital expenditures in all other
areas were about 18 percent of the
total in 1960 and about 20 percent
from 1961 through 1963. Actual expenditures in 1964-66 and projected
expenditures for 1967 and 1968 varied
between 23 and 25 percent.
foreign capital expenditures of U.S.
affiliates are also financed by reinvestIn 1966, about 21 percent of all plant
ment of their earnings ($1,720 million
and equipment expenditures of U.S.
in 1966), by the use of depreciation
affiliates abroad were made in the Comreserves, and by capital obtained by
mon Market countries of Europe, and
the foreign affiliates from foreign
another 16 percent were made in other
sources.
European countries. The 37 percent
Funds transferred by the U.S. parent
share for Europe was a considerable incompanies may also be used to purchase
crease over the 29 percent in 1960. The
shares in existing enterprises from
1967 projections, if realized, would laise
foreign owners or to finance additions
Europe's share to about 39 percent, but
to inventories or accounts receivables.
the 1968 projections indicate an interIn 1966, purchases of shares in foreign
ruption in this upward trend.
Sources of funds
enterprises net of liquidations of U.S.
Canada's share in total expenditures
Plant and equipment expenditures investments abroad amounted to about
was exceptionally high in 1960 but
stayed close to 25 percent from 1961 by the foreign affiliates of U.S. cor- $550 million.
Some of the capital outflows in recent
through 1965. In 1966, it rose to 27 porations are usually much larger
than capital outflows for direct invest- years for direct investment consisted of
percent, but it is projected to decline
to less than 24 percent in 1967 and to ments and only partly related to them. funds that had been borrowed abroad
In 1966, capital outflows were about either by the U.S. parent companies or
21 percent in 1968.
The changes in the relative impor- $3,540 million, while capital expendi- by U.S. subsidiaries specially organized
to finance foreign investment. In 1966,
tance of capital expenditures in Europe tures abroad were $8,770 million.
and Canada are offset by the changes
In addition to being financed by such funds were in the range of $650
in the share of the Latin American and funds obtained from the United States, million to $750 million.
Table 1.—Estimates of Plant and Equipment Expenditures of Foreign Affiliates of U.S. Companies, by Area and Industry—Summary of
Surveys l
[Millions of dollars]
1964
E
All areas, total
Mining and smelting
Petroleum
Manufacturing
Other industries
_
_. .
Canada, total
Mining and smelting
Petroleum
Manufacturing
Other industries
Latin America, total-.-
Mining and smelting
Petroleum
Manufacturing _ _
Other industries
Europe:
Common market, total
Mining and smelting ___ „
Petroleum
__
Manufacturing
Other industries . _
Other Europe, total- .
Mining and smelting ... __
Petroleum. _ _
Manufacturing
Other industries
Other areas, total
Mining and smelting
Petroleum. _ M anuf actur ing
Other industries
A
6,199
463
2 073
3 007
656
5 687
7 372
7 078
2 005
2 665
2 350
3 819
2 367
3 601
1 553
1 407
220
385
771
177
416
601
202
360
657
188
C
585
617
1 843
248
377
1 031
187
501
A
7,488
645
7 323
499
2 270
3,899
2 330
3 803
610
674
691
1 841
1,872
1 696
200
490
963
187
228
503
952
188
190
358
964
184
C
B
8,824
654
2 689
4 771
710
2,095
261
426
1 201
207
E
D
9,096
726
8 705
2 727
4 800
2 600
4,554
764
784
788
2 225
2 304
1,171
1 180
300
552
202
284
609
231
A
B
C
A
8,768
807
2,558
4,626
777
9,158
659
2,937
4,789
773
10, 106
10,215
948
3,381
5,067
818
9,959
732
3,661
4,781
785
2,366
315
611
1,203
237
2,118
2,324
305
600
1,183
237
2,411
2,112
256
271
626
982
234
1,541
210
570
1,147
191
870
3,308
5,086
842
363
650
1,142
1,031
1 097
995
150
313
391
140
1,073
1,140
1,105
1,250
1,435
160
307
448
158
932
110
334
336
153
1,092
156
368
420
152
1,238
123
327
413
168
860
124
313
266
157
1,434
288
366
607
174
284
380
586
184
1 167
1 035
1 435
1 410
1,418
1 610
1 959
1,993
1,928
1,853
1 003
1 042
1 100
1 332
1 428
89
1 364
1 330
92
86
2,024
1
482
1 449
92
2,245
' 4
623
1,529
89
2,226
2
582
1,551
90
2,245
3
630
1,514
97
1 110
1,252
1 282
1 586
1,567
1,423
1,440
1,672
1,768
1,755
1,580
1
395
707
64
1 012
2
250
621
139
1 436
117
716
495
108
1
278
692
64
1 010
3
298
596
113
1 375
86
756
454
80
1
376
993
65
1 224
6
352
744
122
1 774
174
877
631
91
NOTE.—Detail may not add to totals because of rounding.
^ A. Estimated in June of previous year. B. Estimated in December of previous year.
C. Estimated in June of current year. D. Estimated in December of current year.
E. Realized—reported in June of following year.
E
D
1968
1967
1966
1965
1
338
69
3
335
657
115
1 722
147
890
586
98
2
306
68
2
297
835
118
1 874
252
857
622
143
1
406
104
7
370
755
150
1 802
192
862
648
100
176
378
443
143
2
534
4
438
991
153
2 044
212
912
804
116
214
336
510
179
2
474
3
399
981
184
2 073
267
966
710
131
211
282
448
165
2
476
86
6
397
840
179
1 946
261
835
722
128
229
268
438
156
3
434
3
344
930
163
2,018
257
901
725
135
193
391
505
161
275
475
624
167
1,018
194
8
583
977
200
1,023
170
6
473
950
152
2,094
253
1,036
670
135
2,334
266
1,136
790
142
2,390
295
1,210
766
119
2,480
177
1,457
711
135
2
459
Source: U.S. Department of Commerce, Office of Business Economics.
4
558
SUEVEY OF CURRENT BUSINESS
18
October 1967
Table 2.—Estimates of Plant and Equipment Expenditures of Foreign Affiliates of U.S. Companies, by Selected Country and Industry—
Summary of Surveys 1
[Millions of dollars]
1964
1966
19 65
E
A
C
D
E
3,007
2,665
3,819
3,601
3,899
771
657
1,031
963
952
413
90
62
112
149
266
64
54
59
89
420
100
64
122
134
391
97
55
104
136
1,328
69
186
288
107
57
511
110
1,288
36
185
335
93
43
512
84
1,737
112
238
478
92
73
607
137
__
63
45
18
97
45
52
__ __
219
9
210
36
117
57
1967
1968
B
C
3,803
4,771
4,800
4,554
4,626
4,789
5,086
5,067
4,781
964
1,201
1,171
1,180
1,203
1,147
1,183
1,142
982
448
101
72
141
134
336
84
70
70
111
443
106
88
120
130
510
114
121
136
139
448
95
100
116
137
438
91
93
120
135
505
107
157
107
134
607
126
176
130
175
586
108
166
142
170
624
142
174
129
180
1,660
89
231
490
102
91
509
148
1,876
113
243
508
110
68
657
178
1 855
118
225
535
110
112
651
104
2,323
185
294
627
118
108
786
205
2,409
222
286
638
144
138
758
223
2,204
190
273
622
128
150
644
196
2,260
186
287
580
125
151
698
232
2,467
156
345
657
162
129
800
218
2,506
205
339
643
162
180
746
231
2,574
226
380
538
187
220
768
254
2,464
217
390
576
179
152
691
258
91
48
43
86
47
39
88
45
43
91
36
55
106
44
62
89
27
62
83
28
55
94
39
55
58
32
26
80
50
30
90
58
32
62
46
16
187
5
183
25
105
54
266
9
257
48
160
49
258
9
246
43
149
54
292
11
281
67
168
46
218
24
195
41
123
31
332
24
314
84
158
71
311
31
280
84
144
52
354
30
325
131
144
50
337
23
314
101
153
59
378
110
267
82
126
60
430
115
315
77
165
74
407
64
343
45
203
95
396
104
292
46
183
64
213
206
7
168
159
9
274
263
10
245
233
11
242
231
11
339
327
12
359
343
16
309
294
15
284
269
15
294
278
15
235
230
5
280
274
6
269
263
6
254
244
10
_ 2,073
2,005
2,350
2,367
2,270
2,330
2,689
2,727
2,600
2,558
2 937
3,308
3,381
3,661
385
360
377
490
503
358
426
552
609
611
570
600
650
626
327
134
55
138
313
175
44
94
368
172
59
137
313
134
52
126
307
130
61
116
334
166
52
116
378
175
64
139
336
150
76
110
282
128
55
99
268
101
58
110
391
169
70
152
366
147
80
139
380
150
85
145
475
224
88
163
Europe, total _ _
Belgium and Luxembourg
France
__
Germany _ _ _
Italy
Netherlands.
United Kingdom. _
Other countries. _ . _ _
645
29
68
121
124
53
126
124
576
21
60
80
82
35
175
123
728
30
105
124
82
35
214
138
673
23
88
106
84
37
185
150
603
26
75
97
75
33
177
120
776
20
99
98
77
112
235
136
972
26
125
221
99
64
250
188
873
43
127
161
99
44
220
179
873
38
123
163
112
40
202
195
778
40
96
172
87
39
163
181
940
46
90
183
106
56
250
209
1,206
42
130
250
101
100
348
235
1,140
55
72
280
102
72
332
226
1,103
34
103
270
119
104
290
183
Other areas:
Africa, total
271
242
287
271
284
350
322
349
287
304
442
469
469
566
280
111
169
433
170
263
441
203
238
464
235
229
433
233
200
377
146
231
482
241
241
500
246
254
430
227
203
470
213
257
463
249
214
486
270
216
588
269
319
569
180
389
65
61
83
75
74
76
83
72
78
78
70
107
81
146
100
20
66
80
66
60
26
45
40
49
61
74
72
177
A
E
D
B
A
C
A
Manufacturing
AH areas, total
-
-
-
-
Canada, total
Latin America, total.. _ _
Argentina
Brazil
Mexico
Other countries
-
._
_ _ _ _
.
Europe, total
Belgium and Luxembourg
France
_ _ _ _ _
Germany
Italy
Netherlands
United Kingdom
Other countries
_
_ _ _ _ _
_
_ _
_ _ _ _
___
_ _ _
Other areas:
Africa, total.. _ _ _ _ _
_
Republic of South Africa. _
Other countries
Asia, total
Middle East
Far East
India
Japan
Other countries.
Oceania, total
Australia
Other countries
__ __
_
__ __
_.
__ _
__ _ _
_
__
__
Petroleum
A l l areas, total
_
_
_
_
Canada, total
Latin America, total
_
Venezuela
Other Western Hemisphere
Other countries-
Asia, total
Middle East
Far East
_
Oceania, total
International shipping
_
_
_
_
_
_
_
_
1
A. Estimated in June of previous year. B. Estimated in December of previous year.
C. Estimated in June of current year. D. Estimated in December of current year. E. Realized—reported in June of following year.
NOTE.—Detail may not add to totals because of rounding.
Source: U.S. Department of Commerce, Office of Business Economics.
SUEVEY OF CURRENT BUSINESS
October 1967
19
Table 3.—Plant and Equipment Expenditures Abroad by U.S. Manufacturing Companies, by Area and Major Industry
[Millions of dollars]
Area and year
Food
products
Total
Paper and
allied
products
Primary and
fabricated
metals
Rubber
products
Chemicals
Machinery
(excluding
electrical)
Electrical
machinery
Transportation
equipment
Other
manufactur-
ing
All areas, total:
1964
1965 «-.
1966-.
3,007
3,899
4,626
159
187
200
180
251
309
1,045
109
178
158
303
360
514
414
627
742
223
232
268
726
873
966
273
328
424
Canada:
1964
1965
1966__
771
952
1,203
29
42
45
130
180
245
165
225
221
30
29
42
110
73
119
47
67
116
46
47
70
167
224
255
47
65
90
413
448
438
43
40
42
15
17
24
133
151
143
16
28
24
23
35
28
23
28
20
34
27
32
76
73
72
50
48
54
1 042
1,330
707
26
34
39
11
12
16
121
147
270
26
34
30
78
77
57
184
329
381
46
60
60
161
278
373
55
70
103
621
835
930
41
49
43
11
13
6
91
174
187
14
43
34
40
80
126
81
117
124
73
64
74
178
180
191
93
116
146
495
622
725
20
22
31
14
28
19
109
165
224
23
43
29
53
96
184
80
85
100
24
35
32
144
118
75
28
30
31
Latin America:
1964_.
1965 ••
1966
Europe:
Common market:
1964
1965
1966
..
_.
.
Other Europe:
1964
1965 '
1966
Other areas:
1964
1965
1966
T
619
862
Revised.
Source: U.S. Department of Commerce, Office of Business Economics.
Table 4.—Estimates of Plant and Equipment Expenditures Abroad by U.S. Manufacturing Companies, by Area and Major Industry Summary of Surveys l
[Millions of dollars]
1964
19 65
D
E
A
B
C
4,771
1 092
1 006
1,265
1,408
4,800
1 162
1,029
1,119
1,490
4,554
1,062
1,009
1,018
1,464
4,626
1,045
1,010
966
1,605
4,789
1,314
1,118
982
1,375
5,086
1,387
1,163
989
1,547
5,067
1,407
1,167
954
1,540
4,781
1,357
1,174
964
300
142
238
284
1,201
1,171
1,180
1,142
221
186
255
541
240
155
270
482
1,183
230
161
271
518
1,203
1,147
260
148
275
488
213
174
278
518
239
194
250
459
982
254
153
176
399
448
151
55
73
168
336
101
41
69
125
443
150
54
81
158
510
187
53
108
162
448
166
46
75
160
438
143
52
72
171
505
170
54
118
163
607
213
61
120
213
586
166
72
108
240
624
213
66
105
240
1,003
1,042
1,100
1,332
1,428
1,364
1,449
1,529
1,551
1,514
269
459
389
248
1,330
299
462
394
273
441
571
259
280
345
619
245
306
744
142
161
224
217
657
129
155
175
198
835
174
181
180
300
755
140
169
256
190
991
229
198
312
252
981
221
230
253
278
840
163
212
205
260
930
187
198
191
355
1,018
977
239
231
219
288
1,023
264
219
240
295
252
207
223
340
950
221
207
202
320
631
146
129
136
220
586
130
110
121
226
622
165
120
118
219
648
114
127
142
264
804
191
137
126
350
710
195
136
89
289
722
234
131
78
279
725
224
132
75
294
670
259
137
99
175
790
313
132
111
234
766
309
122
115
220
711
324
129
91
167
A
C
D
E
3,007
619
637
726
3,819
3,601
1,024
2,665
440
596
809
819
1, 180
1,108
3,899
862
859
873
1,304
3,803
835
895
1 067
1,006
771
165
93
167
346
657
130
103
193
231
1,031
290
116
229
396
963
264
118
226
355
952
225
114
224
389
Latin America, total __
Chemicals
Machinery
Transportation equipment
Other manufacturing
413
133
57
76
147
266
70
38
69
89
420
140
64
54
163
391
127
49
60
156
Europe:
Common market, total
Chemicals
Machinery...
Transportation equipment
Other manufacturing
121
230
161
196
707
692
70
268
217
137
993
153
342
314
184
Other Europe, total
Chemicals
__
Machinery _
Transportation equipment
Other manufacturing
621
91
154
178
198
596
66
116
220
194
495
109
104
144
138
454
104
71
110
168
Canada, total
Chemicals. _ _ __
Machinery
Transportation equipment
Other manufacturing. - .
Other areas, total
Chemicals
__
Machinery
Transportation equipment
Other manufacturing
_ _
_ ._
A
C
E
All areas, total
Chemicals
Machinery
Transportation equipment .
Other manufacturing
1968
1967
1966
870
812
957
814
814
864
165
382
283
174
147
389
278
228
A
180
416
362
143
B
314
170
283
434
208
448
462
214
270
441
373
245
380
553
255
261
408
565
261
295
819
1,431
NOTE.—Detail may not add to totals because of rounding.
1
A. Estimated in June of previous year. B. Estimated in December of previous year. C. Estimated in June of current year. D. Estimated in December of current year. E. Realized—
reported in June of following year.
Source: U.S. Department of Commerce, Office of Business Economics.
NOTE.—Detail for earlier years is available upon request to
the Balance of Payments Division, U.S. Department of
Commerce.
By DONALD A. KING and MARTIN LEFKOWITZ
The Finances of State and Local Governments
rVER the past decade, the expenditures of State and local governments
have continued the strong uninterrupted expansion evident since the end
of World War II. In making strenuous
efforts to meet the growing needs of
communities, State and local governments have been expanding their op-
CHART 8
Government Purchases of
Goods and Services
Billion $ (ratio scale)
100
80
Federal, Total
60
40
State and Local, Total
20
'"•—— Federal Defense
/
''l I I l I I I I I 1 I 1 i 1 i I i I I
10
80
60
40
Local
V
erations rapidly, and from 1956 to
1966, their current dollar expenditures
grew at an average annual rate of 8.5
percent, considerably faster than the
5.9 percent rate for GNP.
To support their enlarged activities,
States and localities have intensified
their revenue-raising efforts. This has
meant broader coverage and increased
rates on existing taxes, the addition of
new taxes, and higher prices charged
for services rendered. Despite significant accomplishments, growth in State
and local revenue collections has lagged
behind advances in spending, and these
governments have become increasingly
dependent upon financial assistance
from the Federal Government.
This article will review the fiscal
performance of State and local governments over the past decade : and examine the growing importance of intergovernmental financial relationships
among Federal, State, and local governments. State and local expenditures are
taken up first and explored according
to major type (purchases of goods and
services, transfer payments, etc.) and
function (education, highways, etc.).
Expenditures are presented separately
for States and localities in order that
differences may be assessed and trends
appraised. Revenue developments are
NOTE—June S. Jenner provided valuable
assistance in the statistical computations.
20
State
4 I
I
1948
I
I
50
I
52
I
I
54
I
I
I
56
I
I
58
I
60
U.S. Department of Commerce, Office of Business Economics
20
I
I
62
I
I
64
I
I
I
66
67-1C
1
This timespan partly overlaps a Survey article (March
1961) that focused on postwar developments in State and
local finances. The 1956-66 period was selected because it has
been relatively free of post-depression and post-World War
II adjustments, and because it permits a discussion of trends
in State and local finances in a long-run perspective. The
tables in the article contain data for the decade as well as
revised data for 1929 and 1948.
Most of the statistics on expenditures and receipts in this
article are those appearing in the national income and product
accounts. The basic source for these statistics is Reports on
Governmental Finances compiled by the Government's
Division of the Bureau of the Census.
then analyzed; major revenue sources
are reviewed but emphasis is placed on
tax revenues. As in the case of expenditures, tax revenues are presented separately for States and localities. After
the analysis of expenditures and receipts, we present the overall fiscal
position of State and local governments,
exploring the relationships among
budget surplus, borrowing, and changes
in financial and other assets.
Intergovernmental financial transactions, which receive only slight treatment in the discussion of expenditures
and revenues, are then given considerable attention. We examine intergovernment aid first by function and
then by origin, i.e., first State assistance
to localities and then Federal aid to
States and localities. The final section
of this article reviews the tax sharing
and tax credit proposals for broadening
the scope of Federal aid and for
strengthening the fiscal structures of
State and local governments.
Trends in Expenditures
Table 1 presents the major types of
expenditures, as recorded in the national
income accounts, for State and local
governments combined and for each
level separately. Total expenditures
increased from $37 billion in 1956 to
$85 billion in 1966, as spending more
than doubled for nearly all major functions. Purchases of goods and services,
the largest proportion of total expenditures at both levels of government,
increased in relative importance over
the decade, while the percentage shares
of expenditures accounted for by transfer payments to persons and by net
interest paid recorded declines. At the
State level, payments to local governments advanced in importance.
October 1 6
97
SUKVEY OF CUEKENT BUSINESS
21
sation resulted from the rise in the and other public facilities. Despite the
number of State and local employees, strong growth since 1956, construction
Over the past decade, State and local which totaled 5 million in 1956 and purchases have declined as a proportion
purchases rose 134 percent to reach reached 8.3 million in 1966. This of the total (table 2).
$77.2 billion in 1966. Since this rise represented 11 percent of last year's
All other goods and services purwas faster than the growth in GNP, civilian labor force (as compared with chased by these governments amounted
the share of the Nation's current dollar 1% percent in 1956) and put the num- to $13.3 billion last year. They covered
output taken by States and localities ber of State and local employees at a wide variety of items—office supplies,
rose—from 7.9 percent in 1956 to more than three times the civilian motor vehicles, equipment, furniture,
10.4 percent in 1966.
employment of the Federal Government. etc.—that are used in the routine exeA significant part of this increased
In the process of attracting labor, cution of State and local functions.
share can be attributed to rising prices. State and local governments have These expand with the growth in State
The prices paid by State and local stepped up wage and salary scales and and local activities and in the past
governments rose more than twice as fringe benefits; these increases ac- decade have constituted a relatively
fast as in the private sector and almost counted for the remaining two-fifths stable proportion of total State and
25 percent faster than in the Federal of the growth in compensation from local purchases.
sector. If State and local purchases are 1956 to 1966. It may be noted that
measured in constant 1958 dollars, the average annual earnings per full- Transfers and other payments
growth was less pronounced: The rise time State and local employee rose 55
from 1956 to 1966 was 68 percent and percent over the decade, as compared
Transfer payments of State and local
the share of GNP rose from 8 percent with increases of 50 percent for Federal governments are considerably less imto 9.2 percent.2
employees and 46 percent for employees portant to the budgets of these governThe growth in the Nation's popula- of private industry.
ments thaniare purchases of goods and
tion and its shift to urban areas have
services. These payments—almost all
New construction put in place by
been important in the 68 percent rise in State and local governments doubled of which are devoted to public assistreal State and local purchases. The over the decade to reach $20 billion in ance programs and to beneficiaries of
population grew 16.5 percent during the 1966. This constituted about one-fourth government pension funds—have more
period under review; if real purchases of total State and local purchases and than doubled since 1956 and last year
are measured on a per capita basis, represented an equal proportion of they amounted to $7.5 billion or roughly
the rise in spending over the past construction outlays for the Nation as 9 percent of total State and local spenddecade was 44 percent. This increase in a whole. Roughly two-fifths of State ing. However, their share of total
real per capita purchases was associated and local construction activity was spending at both State and local levels
mainly with intensified demands for devoted to highways and one-fourth declined.
more and higher quality public services, to education, while the remainder was
In 1966, States and localities spent
and these, in turn, stemmed from the allocated among hospitals, water, sewers $4% billion on assistance to the aged,
rise in living standards. In addition,
Table 1.—State and Local Government Expenditures
the most rapid population advances
were concentrated in groups requiring
Percent distribution
Billions of dollars
the most costly services; the school age
1956
1966
1948
1929
1956
1966
1929
1948
population rose 32 percent and the
population age 65 and over rose 24
100.0
State and local government expenditures
100.0
18.2
100.0
100.0
8.0
[37.3
85.0
percent.
90.8
Purchases of goods and services
88.5
82.4
7.2
33.0
77.2
15.0
91.1
2
By far the largest component of State
8.8
Transfer payments to persons
10.2
15.9
2.5
2.9
3.8
7.5
.4
Net interest paid
1.3
.3
.5
.3
6.3
1.6
.5
and local purchases is compensation of
Interest paid
.5
3.4
.8
1.2
Interest received
.2
.2
.7
3.1
employees (table 2). This component,
100.0
100.0
18.2
44.2
100.0
100.0
2.0
9.5
which increased 150 percent from 1956 State government expenditures
58.1
Purchases of goods and services
50.5
57.1
10.4
1.6
80.0
4.8
25.7
to 1966, now accounts for 57 percent of
10.0
Transfer payments to persons
12.1
20.0
2.2
1.9
4.4
(*)
(*)
-2.0
Net interest paid.- _
-.5
-.1
-1.1
-.1
-.9
0
(*)
total State and local purchases. About
Interest paid
.3
.1
.9
Interest received
!i
.2
.4
1.8
three-fifths of the increase in compen33.9
31.3
Payments to local governments 2
30.5
5.7
20.6
.4
2.9
15.0
Purchases of goods and services
Local government expenditures _ 2 There is reason to believe that the deflator for public
construction overstates the rise in prices. Because construction constitutes a high proportion of State and local purchases
(30 percent in 1956), the growth in real purchases by State
and local governments is probably understated. In addition,
in converting current-dollar government gross product into
constant dollars, real output is assumed to be proportional
to the employment input, that is, the effect of possible increases in output per government employee is excluded.
This treatment could thus result in an understatement of
real government output.
Purchases of goods and services
Transfer payments to persons
Net interest paid
Interest paid
Interest received
Payments to State governments
*Less than 0.05 billion dollars.
1
6.4
11.7
25.0
56.5
100.0
100.0
100.0
100.0
5.7
.2
.5
.7
.1
(*)
10.3
1.0
.3
.5
.1
.1
22.6
1.5
.6
.9
.3
.3
51.6
3.1
1.3
2.5
1.2
.5
89.1
3.1
7.8
88.0
8.5
2.6
90.4
6.0
2.4
91.3
5.5
2.3
.9
1.2
.9
(*)
Total expenditures (and total receipts) differ from those regularly published in the national income accounts in that the
current surplus of government enterprises is classified in this study as a receipt rather than as a negative expenditure.
2
State payments to local governments are net of Federal assistance made to States and reallocated to local units.
NOTE—Detail may not add to total because of rounding.
Source: Office of Business Economics, U.S. Department of Commerce.
SURVEY OF CURRENT BUSINESS
22
families with dependent children, and
other welfare recipients.3 The increase
of $1.8 billion over 1956 was distributed
fairly evenly between an increase in the
number receiving assistance and the
payment of higher benefits.
The number enrolled in welfare
programs rose from 5.9 million at the
end of 1956 to 8.1 million as of December 1966. Virtually all of this increase
was caused by a rise of 2.4 million in
programs of aid to families with dependent children (AFDC). This rise
was partly offset by a reduction of 0.4
million in old age assistance programs
(OAA)—a development directly related
to the expansion of social security
coverage.
Average benefits rose substantially
for all groups of public welfare recipients during the period under review.
The most significant increases were
recorded in average benefits paid to
AFDC recipients. These posted gains
of over 40 percent, as compared with a
rise of 12 percent in average benefits
paid to those enrolled in OAA programs.
The remaining $2.3 billion of 1966
transfer payments were made by retirement pension funds to State and local
government employees. These have
risen $1.7 billion since 1956 in response
to increases in the number of State and
3
Programs of medical assistance are recorded as direct
purchases of State and local governments and are excluded
from transfer payments. These programs include medicaid
and all other vendor payments for medical care provided by
State and local governments. Nonwelfare transfers in the
form of scholarships, veterans' benefits, and special cash
sickness compensation payments totaled $0.8 billion in 1966.
local retirees, the rise in earnings to
which pensions are related, extended
coverage, and more liberal benefits.
Interest paid on State and local debt
is recorded in the national income
accounts net of interest received. At
the same time that States and localities
pay out large service charges on their
expanding debts, they receive substantial incomes from their idle balances
and pension fund investments. Thus,
gross interest paid by these governments amounted to $3.4 billion in 1966,
but this was offset to a large extent by
interest receipts of approximately $3
billion. Interest receipts are of growing
importance at both levels of government, particularly at the State level
because of the rapid expansion in
pension fund reserves. Only at the local
level have interest payments exceeded
interest receipts in the past decade.
Finally, any separation of State and
local finances brings into focus the
importance of intergovernmental payments. These payments, which are
netted out when State and local expenditures are combined, originate
mostly with the States and flow to
localities (table 1). Localities do make
payments to their States, usually for
State services rendered, but these are
on a very small scale and amounted to
only $l/2 billion in 1966. Intergovernmental payments are examined in
greater detail below but are mentioned
here because in 1966 States paid out
$15 billion—or 34 percent of their
aggregate expenditures—in this form.
Table 2.—-Object Breakdown of State and Local Purchases
Percent distribution
Billions of dollars
1929
State and local purchases of goods and services
Compensation of employees
Public school
NonschooL-
__
Other purchases _
Equipment
Other
.
1956
1966
1929
1948
1956
1966
_ _ _
7.2
15.0
33.0
77.2
100.0
100.0
100.0
100.0
3.5
1.6
1.8
_ _
New construction put in place 1
Highways_
Educational
_____
Hospital and institutional
Allother
1948
8.5
3.8
4.7
17.6
8.3
9.3
43.9
23.6
20.3
47.8
22.2
25.5
56.5
25.0
31.5
53.3
25.3
28.0
56.9
30.6
26.3
2.3
1.3
.4
.1
.6
3.5
1.6
.6
.1
1.2
10.0
4.3
2.5
.3
2.9
20.0
8.1
5.3
.3
6.2
32.2
17.3
5.4
1.3
8.2
23.5
10.8
4.1
.8
7.8
30.3
13.1
7.7
.8
8.7
25.8
10.5
6.9
.5
8.0
1.4
N.A.
N.A.
3.0
.4
2.6
5.4
.9
4.5
13.3
1.8
11.6
20.0
N.A.
N.A.
20.0
2.8
17.2
16.4
2.7
13.7
17.3
2.3
15.0
N.A. Not available.
1
These data differ slightly from "Structures" in table 3.3 in the July 1967 SURVEY because construction put in place as
shown here excludes purchases of existing structures and includes force account compensation.
NOTE—Detail may not add to total because of rounding.
Source: Office of Business Economics, U.S. Department of Commerce.
October 1967
Spending by function
Education has traditionally claimed
the largest share of State and local
resources. In 1966, outlays for education accounted for $34 billion or 40
percent of the combined total expenditures of these governments. Outlays
for highways (including streets and
roads), the next most important spending category, absorbed $12 billion or 14
percent of total 1966 outlays. Combined expenditures for four other major
functions—general government, public
health and sanitation, public assistance,
and civilian safety—-were less than for
education alone and amounted to 36
percent of total outlays last year. The
remaining $8K billion, or 10 percent,
was spread over a wide variety of
responsibilities.
Although spending on all major functions by State and local governments
combined increased over the decade,
the relative increase for education was
considerably above average while that
for highways was well below average.
Increases were about average for the
other major functions (chart 9, top
panel). It should be pointed out that
the rise in the relative importance of
education and the decline in the importance of highways were accentuated in
1966 largely because the passage of the
Elementary and Secondary Education
Act of 1965 brought greatly increased
Federal aid to school activities. Federal
aid to education rose from $0.7 billion
in 1965 to $2.6 billion in 1966.
Table 3 provides a detailed functional
allocation of expenditures in 1956 and
1966 for State and local governments
separately; shifts in the importance of
major functions are illustrated in the
second and third panels of chart 9.
A few points merit attention. At the
State level, education increased its
share of total State spending dramatically—from 15 percent in 1956 to 25
percent in 1966—principally because
of a more than doubling in enrollment
at State-supported institutions of higher
learning. A very sharp rise in faculty
salaries has also contributed to this
development.
For the States, general government
and civilian safety showed little change
over the decade, while all other func-
October 1967
tions showed some degree of decline.
For the local governments, the only
major function showing noteworthy
change in relative standing was civilian
safety. Despite the doubling of outlays
for police and fire departments over the
decade, the rise here was less than for
any other major function except highways, and the civilian safety share of
total local outlays declined from 8.7
percent in 1956 to 7.9 percent in 1966.
For most major functions State
spending increased more rapidly than
local spending during the period under
review (table 4). Exceptions were public
assistance outlays, where local spending
outpaced that of the States, and public
health and sanitation, where the rates
of increase were about equal. However,
the generally faster growth in State
spending for most major functions does
not imply a shifting of responsibilities
between State and local governments,
because broad functional breakdowns
of expenditures mask differences in
responsibilities between States and
localities. State expenditures for education are devoted mainly to institutions
of higher learning while expenditures
of localities are for primary and
secondary schooling. State spending
for public health is concerned largely
with mental hospitals while localities
spend for city and county general
hospitals. Finally, at the State level,
spending for civilian safety is mainly
for State highway police and for prisons
while, at the local level, it is almost
entirely for fire and police departments.
Although State and local responsibilities are significantly different'within
most broad functional categories, the
distinction is less clear in the case of
highway spending. In recent years,
State governments, largely under the
stimulus of Federal aid to highways,
have extended their highway construction into municipal and other local
areas. This has resulted from the
attempt to achieve a comprehensive
and integrated national highway system
and has produced some shifting of
highway responsibility from the local
to the State level.
Variations among States
It is important to recognize that an
overall view of spending fails to reveal
SURVEY OF CURRENT BUSINESS
23
CHART 9
important and marked differences
among the various States. Two measures
commonly employed to show interstate Percent Breakdown of State and Local
variations in spending performance are Government Expenditures by Major Functions,
expenditures per $1,000 of personal 1956 and 1966
income and per capita spending by
Percent
0
10
20
30
40
50
function. Although these measures cannot be used with precision, they are
TOTAL STATE & LOCAL EXPENDITURES
useful for indicating broad differences
| 1966
prevailing among States.4
Education
1956
The use of these yardsticks indicates
that low income States do not achieve Highways
expenditure performance equal to the General
national average. Expenditures as com- Government
piled by the Census Bureau per $1,000 Health, Hospitals
of personal income averaged $169 for the & Sanitation
Nation as a whole in 1965, with the 10 Public Assistance
States ranked highest in per capita & Relief
personal income averaging $224 and Civilian
the 10 States ranked lowest in per Safety
capita personal income averaging only Other
$130. Differences are equally striking
if per capita expenditures are compared
by function. Thus, while the U.S.
STATE EXPENDITURES
average per capita outlay for education
amounted to $153 in 1965, the average Education
of the 10 States that led the Nation in
per capita personal income was $207 Highways
and the average of the 10 States making
General
up the lowest quintile was only $107.
Government
Revenue Developments
State and local governments have
been making vigorous efforts to raise
the revenue needed to support their
rapidly growing expenditure programs.
Despite serious problems, the performance of State and local governments in
their revenue-raising activities has been
impressive over the past decade.
Through the addition of new taxes and
through higher rates, broader coverage,
and improved administration of existing
taxes, the fiscal structures of State and
local governments have been in continuous transition, and their revenue
systems have proved surprisingly productive. However, as revenue efforts
have increased, so have strains on
financial resources and tax burdens on
individuals and other taxpayers.
4
Measures of interstate variation must be viewed cautiously as they may be deficient in accounting for differences
in the mix of services and in the price and quality of services.
A simple per capita measure ignores differences in demographic character—population density or ratios of dependent
children and aged to total population.
Health, Hospitals
& Sanitation
Public Assistance
& Relief
Civilian
Safety
Other
LOCAL EXPENDITURES
Education
Highways
General
Government
Health, Hospitals
& Sanitation
Public Assistance
& Relief
Civilian
Safety
Other
10
20
30
Percent
U.S. Department of Commerce, Office of Business Economics
40
50
SUEVEY OF CUERENT BUSINESS
24
Major sources of revenue
Since 1956, the total receipts of
State and local governments increased
142 percent, and last year, they
amounted to $88 billion. These governments raised about five-sixths of their
1966 revenues from their own sources—
as compared with nine-tenths in 1956—
and relied on support from Federal
grants-in-aid for the balance. In their
October 1967
revenue-raising efforts, the States and
localities have used a wide variety of
taxes, nontaxes (or payments made by
recipients of specific goods and services
provided by general government), the
current surplus of government enterprises, and contributions for social
insurance (i.e., payments made to
pension and other special funds to
finance retirement and sickness benefits).
As table 5 shows, the most striking
development in the finances of State
and local governments over the past
decade has been the increasing importance of Federal financial support.
Federal grants-in-aid have more than
quadrupled, from $3.3 billion to $14.8
billion, and their share of total receipts
rose from 9 percent to 17 percent. This
increase has centered largely in Federal
assistance to the Interstate Highway
Table 3.—State and Local Government Expenditures by Type and Function
[Millions of dollars]
1966
1956
State
Local
State
Local
For own purposes
Transfer
Transfer
Purchases payments
Payments
Purchases payments
Purchases Transfer Total 2 of goods and net
Purchases Transfer Total 2 of goods and net Total
to local
interest
governand
and
of goods payments
of goods payments
interest
paid
Total
and net
services
ment i
and
and
services
paid
and net
services interest
services interest
paid
paid
For own purposes
Total
Total
General government
General administration
Central personnel management and employment
costs
Net interest paid
Other
Health, education, and welfare
Health, hospitals, and sanitation
Education _
Elementary and secondary
Higher
Other
Public assistance and reliefCivilian safety
Police
Fire_ .
Correction
Labor
Veterans' benefits and services
Commerce, transportation,
and housing
Regulation of commerce
and finance
Transportation .
Highways .
Water and air _
Housing and community
development
Public utilities
Transit
Electricity
Water and gas _
Other
Payments
to local
government i
Total
6,590
12,389
10,334
2,055
24,869
22,660
2,209
1,170
7
1,163
724
439
2,600
1,551
1,049
572
7
565
565
1,343
1,343
672
-135
61
98
546
642
69
139
5,965
4,385
17,148
15,988
672
-135
61
10,755
4,790
574
-135
61
1,580
29,136
25,658
3,478
55,902
51,567
4,335
2,795
14
2,781
1,936
845
6,046
3,947
2,099
14
1,258
1,258
2,749
2,749
2,104
-911
330
348
1,756
-911
1,476
1,227
594
604
15,749
13,139
2,610
40,173
37,937
2,104
-911
330
30,424
14,675
330
872
1,227
594"
1,675
133
1,542
1,535
7
2,359
2,359
3,632
301
3,331
3,305
26
5,183
1,943
1,890
53
11,010
11,010
18, 555
11,185
7,370
7,069
301
26, 716
26, 716
N.A.
N.A.
N.A.
2,841
N.A.
N.A.
N.A.
1,078
241
1,459
243
1,763
241
1,459
190
243
53
1,520
10, 693
85
232
1,609
10, 693
85
232
450
N.A.
N.A.
N.A.
6,512
N.A.
N.A.
N.A.
3,154
238
6,098
1,034
3,358
238
6,098
733
1,075
301
2,283
25, 236
895
585
3,856
25, 236
895
585
1,620
491
184
10
N.A.
481
184
481
184
1,162
433
297
236
N.A.
297
236
297
236
4,418
2,582
1,457
379
4,418
2,582
1,457
379
42
13
1,017
4,476
4,476
8,032
8,032
200
200
255
255
442
8
434
434
864
864
5,271
5,238
33
999
992
7
4,272
4,246
26
4,272
4,246
26
2,683
2,508
175
2,683
2,508
175
10, 197
10, 040
157
1,911
1,888
23
8,286
8,152
134
8,286
8,152
134
4,343
4,072
271
4, 343
4,072
271
18
18
183
183
71
66
5
5
664
664
4
1,162
109
323
730
70
1,162
109
323
730
70
12
12
12
2,078
199
611
1,268
83
2,078
199
611
1,268
83
717
706
192
192
733
733
1,454
1,454
387
387
5
5
2,236
5,183
3,569
42
5,493
200
4
319
National defense and atomic
energy
155
Other unallocated (includes
grants where function is not
specified)
765
4
280
Natural resources
2,168
1,225
773
170
1
29
4,353
7
1,159
4,353
1
1,197
438
35
5
1,162
433
1
759
528
30
729
528
729
528
33
2,169
1,225
773
171
1
1
32
20
8,737
8,737
10,722
280
273
110
110
308
636
636
772
155
22
22
1,985
717
308
155
11
387
765
N.A. Not available.
Includes Federal grants allocated to local governments.
Excludes local payments to State governments, which cannot be allocated by function.
1,160
18,436
5,512
Agriculture and agricultural
resources
1
2
407
642
69
47,572
1,272
18,979
1,722
39
12
11
1,722
NOTE.—See footnote 1, table 1.
Source: Office of Business Economics, U.S. Department of Commerce.
2,236
October 1967
Program and in larger payments for
health, education, and welfare functions. A more detailed examination of
Federal aid is provided in separate sections below.
With the great upsurge in Federal
financial assistance there has been a
decline in the relative importance of
revenue from taxes in the total receipts
of State and local governments. The
tax share of total receipts declined
from 74 to 67 percent over the decade.
Although taxes as a whole fell in relative importance, income and general
sales taxes were major exceptions to
this trend; both increased significantly
at the State level. Furthermore, property taxes maintained their share of
total tax receipts at the local level.
In terms of other major sources of
revenue, the proportion of total State
and local receipts accounted for by
nontaxes increased moderately over the
decade. The rise in nontaxes has centered largely in payments made for
hospital care and in tuition and fees
paid by students at public colleges and
universities.
Contributions for social insurance at
State and local levels have been rising
in line with increases in total receipts.5
Payments to pension funds—partly by
the governments and partly by their
employees—rose from $2 billion in 1956
to almost $5 billion in 1966. Since contributions for social insurance exceeded
benefit payments, net additions were
made to pension fund reserves. These
additions to reserves rose from $1.1
billion in 1956 to $2.3 billion in 1966.
The slowest growing major revenue
source for State and local governments
was the surplus of government enterprises. These surpluses rose from $1.7
billion in 1956 to $3.3 billion in 1966.
Two-thirds of these surpluses were
produced by locally operated public
utilities—mostly by water, electric,
and gas operations—and the balance
was accounted for by State-operated
liquor stores and toll highway facilities.
Chart 10 shows the trends in major
revenue sources separately for States
and localities.
5
Not included here are payments to unemployment
insurance programs, which are considered part of the Federal
sector in the national income accounts.
SURVEY OF CURRENT BUSINESS
25
liquor rose considerably slower. Last
year's selective sales tax collections
When State and local fiscal strucwere distributed as follows: gasoline,
tures are viewed separately, important
$4.7 billion; tobacco, $1.5 billion; and
and fundamental differences in their liquor, $1 billion.
tax systems become apparent. Whereas
The increased importance of general
State tax collections are based chiefly sales taxes is the product of a number
on sales taxes and, to a lesser but inof contributing factors. In part, increasing extent in recent years, on increased yields have been the result of
come taxes, local collections are based
higher rates and extended coverage by
predominantly on property taxes. In States already using this tax. Also, 10
contrast to local governments, States
additional States have adopted this tax
exhibit flexibility and diversity in the
since 1956; currently 42 States, includtypes of taxes levied. Table 6 on page 28 ing nearly all the heavily populated
presents the distribution of state and local industrial States, impose a general sales
tax revenues by level of government.
levy. Finally, rising collections reflect
the fact that the income elasticity is
State tax systems
greater for this tax than for liquor,
From 1956 through 1966, the tax tobacco, or gas excises.
receipts of State governments increased
Personal income taxes were the next
120 percent as revenue collections rose
important State tax source in 1966.
from $14 billion to $31 billion. Through- Over the past decade, States have
out this period, consumer taxes pro- turned increasingly to income as a
duced slightly more than half of total source of tax revenue. This base, betax revenues and maintained their cen- cause of its responsiveness to economic
tral position as the bulwark of State growth and its revenue producing potax systems. However, while the rela- tential, is now used by 36 States, five
tive importance of consumer taxes re- of which have adopted this tax since
mained about unchanged in the aggre- 1956.6 However, despite a more than
gate, yields from general sales taxes trebling of receipts from $1.4 billion in
increased at a considerably faster pace 1956 to $4.8 billion last year, the yield
than did yields from the selective or from personal income taxes accounts
specific levies. In 1966, general sales for only a small share of the total.
tax collections amounted to $8.5 billion, The States have been reluctant to use
up 164 percent from a decade ago, the income tax because of Federal prewhile selective sales taxes were $7.3 eminence in this field and the fact
billion, a rise of 88 percent from 1956. this tax can be avoided by moving to
Within the selective tax category, rela- a nonincome-tax State. States using it
tive growth patterns were mixed. Rev- have generally applied low rates with
enues from tobacco levies rose some- limited progression over broad brackets.
what faster than general sales tax
Receipts from corporate profits taxes,
receipts, and those from gasoline and motor vehicle licenses, and property
taxes all rose during the decade endinglast year, but all posted substantially
smaller percentage increases than either
Table 4.—Shares of Selected Functional
Expenditures by Level of Government
sales or personal income taxes. Each
[Percent]
produced less than 7 percent of total
State taxes and all declined in relative
1966
1956
contribution to total tax revenues. AlTotal State Local Total State Local
though the relative contribution of
death and gift taxes has increased
Education
78.4
100.0 14. 7 85.3 100 0 21 6
Highways-.33.3
100.0 62.9 37.1 100.0 66.7
slightly over the decade, these levies
General governproduced less than $1 billion in revement
100 0 30 9 69 1 100 0 31 5
68 5
Tax Revenues
Health, hospitals,
and sanitation
100.0
39.5
60.5 100.0
39.1
60.9
Public assistance
and relief
Civilian safety
100.0
100.0
52.3
18.2
47.7 100.0
81.8 100. 0
46.5
20.8
53.5
79.2
Source- Office of Business Economics, U.S. Department of
Commerce.
s Three States have a narrowly based income tax. New
Hampshire and Tennessee levy a tax on interest and dividends
> and New Jersev taxes onlv the incomes of nonresident
commuters from New York.
SUEVEY OF CUEEENT BUSINESS
26
nues in 1966. The remainder of tax often prevented by the lack of adequate
receipts, "other taxes"—those that are State-enabling legislation and the imnot separately classified but include position of strict State regulation and
permits and licenses, poll, severance, control of local fiscal affairs. Largely for
stock transfer taxes, etc.—amounted to these reasons, local tax systems exhibit
$4.2 billion last year as compared with little change and remain almost exclusively dependent upon property
$2.4 billion a decade earlier.
taxation.
Local tax systems
Since the depression years, the propThe revenue-raising problems faced
by local governments are particularly erty tax has been widely criticized on
difficult. These units are restricted in equity as well as economic grounds. Detheir choice of tax sources by a number spite many serious and well-founded
of basic constraints. First, the mobility criticisms, this tax has turned in a
of persons and business makes it im- striking performance as a revenue
practical for one locality to impose tax producer. In 1966, property taxes
burdens that differ significantly from produced $24.3 billion for local governthose found in neighboring communi- ments, more than twice the amount
ties. Second, size and considerations of collected in 1956. These receipts repreadministrative efficiency and cost pre- sented 87 percent of local tax collections
clude local use of most tax sources. in 1966, roughly the same relative share
Furthermore, localities are burdened
with a family of problems that originate as a decade ago.
This comparatively strong performfrom their peculiar status as legal offsprings of State governments. Local ance of the property tax has been in
fiscal structures are rigid and inflexible, part a product of rapid urbanization—
and the maximizing of alternatives is i.e., growth in new construction and
Table 5.—State and Local Government Receipts by Source
Percent distribution
Billions of dollars
1929
Slate and local government receipts
._
Total tax revenues
Income taxes
Corporate profits tax accruals
Property taxes
General sales taxes l
Gasoline taxes
Liquor taxes
Tobacco taxes
Death and gift taxes
Motor vehicle licenses
Other taxes
Receipts other than taxes
Nontaxes .
Contributions for social insurance
Federal grants-in-aid .
Surplus of government enterprises
State government receipts
3
1956
1966
1929
1948
1956
1966
7.8
18.4
36.4
87.9
100.0
100.0
100.0
100.0
6.4
.1
.1
4.7
2
()
.4
(2)
(-}
.2
.3
.5
13.7
.6
.7
6.1
2.0
1.3
.4
.4
.2
.6
1.4
27.0
1.6
1.0
11.8
4.1
2.8
.6
.5
.3
1.3
2.9
58.7
5.4
2.3
25.1
10.4
4.7
1.0
1.6
.8
2.2
5.1
82.4
1.8
1.9
60.1
2
()
5.3
2
(2)
()
2.1
4.4
6.9
74.8
3.1
3.7
33.4
10.8
7.2
2.4
2.0
1.0
3.4
7.8
74.1
4.3
2.9
32.3
11.3
7.7
1.6
1.5
.9
3.6
8.1
66.8
6.2
2.6
28.6
11.9
5.4
1.1
1.8
.9
2.5
5.8
1.4
.9
.1
.1
.2
4.6
1.2
.7
2.0
.8
9.4
2.4
2.0
3.3
1.7
29.2
6.2
4.9
14.8
3.3
17.6
11.6
1.5
1.5
3.0
25.2
6.3
3.9
10.8
4.3
25.9
6.6
5.5
9.2
4.6
33.2
7.1
5.6
16.9
3.7
100.0
Receipts other than taxes,.. _ _
Nontaxes
Contributions for social insurance
Federal grants-in-aid
Local payments
Surplus of government enterprises
3
Taxes
Receipts other than taxes
Nontaxes
Contributions for social insurance
Federal grants-in-aid
State payments
Surplus of government enterprises
2.4
9.8
18.8
48.0
100.0
100.0
100.0
1.9
Taxes
Local government receipts
- _
1948
7.1
14.1
30.9
82.4
73.2
74.7
64.4
.4
.2
.1
(*)
2.6
.4
.5
1.5
.1
.2
4.8
.7
1.3
2.1
.3
.4
17.1
2.3
3.4
9.8
.5
.9
17.6
9.0
1.5
4.3
2.0
.7
26.8
3.6
4.8
15.3
1.0
2.0
25.3
3.8
6.8
11.2
1.4
2.1
35.6
4.9
7.2
20.5
1.1
1.9
5.9
11.6
23.5
55.5
100.0
100.0
100.0
100.0
4.5
6.6
12.9
27.8
76.2
56.6
54.9
50.1
1.4
.7
.1
(*)
.4
.2
5.0
.8
.2
.5
2.9
.6
10.6
1.7
.7
1.2
5.7
1.3
27.7
3.9
1.4
5.0
15.0
2.4
23.8
11.7
1.4
.3
6.8
3.7
43.4
6.9
2.0
4.3
25.1
5.1
45.1
7.1
3.2
5.2
24.1
5.5
49.9
7.0
2.6
9.0
27.1
4.3
(*)
"Less than 0.05 billion dollars.
Includes local sales taxes.
Small amount included in other taxes.
Total State receipts include local payments to States and total local receipts include State payments to localities; neither
type of intergovernmental payment is included above in total combined State and local receipts.
NOTE.—See footnote 1, table 1. Detail may not add to total because of rounding.
Source: Office of Business Economics, U.S. Department of Commerce.
1
2
3
October 1967
rising land values—-and in part a
result of substantial increases in rates
and higher assessments.
Under pressure for new revenues, localities have in recent years attempted
to broaden and strengthen their tax
bases through the imposition of sales
taxes—usually on a sharing basis with
their State government—-and through
the addition of new taxes on earnings.
Although these taxes have increased
substantially in percentage terms over
the decade, they were still relatively
small revenue producers in 1966—
$2 billion for sales taxes and $0.6
billion for income taxes. Other local
taxes—permits, licenses, special assessments, fines, etc.—have increased very
little since 1956.
Interstate variation in revenues
It is important to note that while
State and local governments have
vigorously pursued their revenue-raising
activities in recent years, tax capacity,
revenue performance, and revenue efforts vary significantly among the
States. Furthermore, these interstate
variations form the core of two old
but growing problems that affect the
fiscal system of the Nation as a whole,
namely, differences in the fiscal treatment of citizens and differences in the
standards of public services.
When States are ranked according
to per capita income, a direct relationship emerges between this general
measure of tax capacity and per capita
revenue raised from State and local
sources—an indicator of revenue performance. Thus, in 1965, the revenue
raised from State and local sources by
the 10 wealthiest States averaged $372
per capita, while that of the 10 lowest
income States averaged only $238 per
capita. Clearly, wide differences prevail
between the revenue performances of
high and low income States. However,
when States are compared in terms
revenue efforts, i.e., by the ratio of
per capita revenue collected to per
capita personal income, an inverse
relationship emerges. This indicates
that low income States make relatively
greater tax efforts than do wealthier
ones. In 1965, this index was 12.1
percent for the 10 wealthiest States but
October 1967
13.1 percent for the 10 poorest States.
The figures suggest that, despite betterthan-average revenue efforts, poorer
States cannot support activities on a
basis comparable with the more well-todo States.
Sources and Uses of Funds
Combined State and local government receipts in the national income
accounts have exceeded expenditures in
six out of the last 10 years and in every
year since 1961. Localities have consistently recorded deficits while the
States have registered surpluses (chart
11). Table 7 on page 30 shows the origin of
these surpluses in the combined State and
local account, as well as net borrowing,
and changes in the acquisition of land
and financial assets. So constituted, the
table provides an accounting of the
sources and uses of funds of State and
local governments, in which sources
consist of surplus or deficit plus net
borrowing, while uses are made up of
investment in financial assets and purchases of land. Land purchases are
recorded as a separate use in table 7
because they are excluded from expenditures in the national income
accounts.
The surpluses appearing in the State
and local account do not arise from
general government activities but from
pension trust funds. On general account,
State and local governments are shown
to be incurring steady deficits. It is
important to note that pension fund
receipts include contributions made by
State and local governments as employers; these contributions are also included under general or nonpension
expenditures. This treatment has the
effect of accentuating deficits in the
general account and surpluses in the
pension account. Because of the insurance trust character of pension funds,
these governments, in their fiscal accounting, do not offset the deficits in
their general accounts with the surpluses arising from pension funds.
Debt increases
Over the decade, both State and local
debt outstanding have more than
doubled and, on a combined basis, rose
from $49 billion to $106 billion. There
shift in the relative shares of
was little
SURVEY OF CURRENT BUSINESS
debt between State and local levels.
Localities accounted for nearly threefourths of the total in both 1956 and
1966.
Borrowing by States and localities is
primarily long-term and related to their
capital or construction outlays. Since
1956, new debt issues have moved about
in line with construction spending, varying between three-fifths and two-thirds
of construction outlays. During this
period the largest portions of new
debt issues, about 30 percent, were
used to finance school construction.
On the average, utilities and conservation projects absorbed about 20 percent,
and roads, bridges, and transportation
about 16 percent; considerably smaller
proportions went for social welfare, debt
refunding, and a host of heterogeneous
functions.
27
with pension funds rose $29.6 billion.
Increases in these assets have reflected
growth in general fund working balances
in the form of cash and time deposits
and growing reserves for debt redemptions. Short-run changes in these investments also reflect lags between bond
flotations and capital expenditures and
between receipts and disbursements
of grant-in-aid funds. Since States and
CHART 10
Percent Breakdown of State and Local
Government Receipts, by Source
Percent of Total
80
STATE GOVERNMENT RECEIPTS
75
Taxes
Growth in financial assets
\
70
Although their indebtedness rose
steadily over the decade that ended in
1966, State and local governments made
substantial additions to their investments in financial assets (line 6, table
7). Thus, while debt outstanding rose
$57 billion during this period, these
governments increased their holdings
of financial assets by $54.6 billion.
65
Federal Grants-in-Aid*
\
20
15
10
Billions of dollars
Year
Long-term New con- Ratio debt
struction
debt
to conissued
put in place struction
1956
1957
1958
1959
6.5
7.1
7.8
8.2
10.0
11.1
12.1
65.3
64.2
64.8
66.8
60
1960
1961
1962
1963
8.3
8.2
9 i
10.0
12.2
13.3
14 0
15.4
67.7
61.6
65 0
65.1
55
1964 _
1965
1966
11.2
11.7
12.6
16.5
18.0
20.0
_ LOCAL GOVERNMENT RECEIPTS
68.2
64.8
63.1
Taxes
50
State Government Payments
\
25
Source: Basic data, Bureau of the Census.
20
Pension fund surpluses are the most
important single factor behind the rise
in State and local holdings of financial
assets. These surpluses have recorded
virtually uninterrupted increases from
1956 to 1966, rising from $1.4 billion
to $3.7 billion. Over the decade, surpluses amounted to $25 billion and
supported a threefold increase in pension fund cash and security investments. Financial assets not associated
Nontaxes*
15
, \
10
y
Federal Grants-in-Aid*
Contributions for Social Insurance
I
1948
56
58
60
62
~
1
64
66
*Excluding grants made to States that are reallocated to local units.
**lncludes current surplus of Government enterprises.
U.S. Department of Commerce, Office of Business Economics
67-10-10
28
SURVEY OF CURRENT BUSINESS
and flow to localities.7 In recent years,
there has been an increase in Federal
transfers that bypass the States and
flow directly to the localities.
At the Federal level, intergovernmental payments rose a remarkable 345
percent over the decade, from $3.3
billion in 1956 to $14.8 billion in 1966.
Moreover, Federal grants-in-aid gained
substantially in relative importance, increasing not only as a percent of both
State and local receipts (chart 10) but
also as a percent of Federal expenditures (from 4.6 percent in 1956 to 10.4
percent in 1966). Payments by States
to localities (net of Federal grants thai
States reallocate to localities) recorded
a less dramatic performance than Federal aid, rising from $5.7 billion to $15
billion over the decade. Through 1965,
these maintained their relative im-
localities view their pension funds as
separate and distinct from general
government funds, only the change
in general government holdings of
financial assets ($29.6 billion) can be
considered an offset to the debt increases of $57 billion on the liability
side.
Intergovernmental Financial
Assistance
In the wake of rapid economic change
and growing economic dependency,
functional distinctions between levels of
government have been blurred. Programs that remain the responsibility of
lower levels of government have in
many cases outgrown the resources and/
or the legal jurisdiction of these units
and have acquired a regional or national interest. As a result, intergovernmental financial assistance has grown
rapidly in recent years and has become
a critical element in the financial planning and programing of all levels of
government.
Intergovernmental financial transfers
either originate with the Federal government and flow to the States or
originate with the State governments
7
This assistance is usually in the form of conditional
grants-in-aid (aid for specified purposes), with smaller
amounts in the form of shared revenues (funds collected by
one level of government and shared with its political subdivisions). Shared revenues, important for State and local
governments and once considered "unspecified" aid, have
lost some of their original logic and have come to resemble
conditional grants-in-aid. This has occurred partly because
of the difficulty in specifying the origin of the revenue to be
shared, partly because of a shift in the basis of sharing (which
was done in order to recognize the varying needs of different
localities), and partly because of the desire to commit revenues to designated purposes. Thus, separate figures are not
available for the two different types of assistance, and the
two are combined in one category, intergovernmental
assistance.
Table 6.—State and Local Government Tax Revenues, by Type of Tax
Billions of dollars
1929
1948
1956
Percent distribution
1966
1929
1948
1956
1966
State government :
Total tax revenue. . _
_
1.9
_ _ __
_.
7.1
14.1
30.9
100.0
100.0
100.0
100.0
.1
.1
.3
.5
.7
.3
1.6
1.3
.4
.4
.2
.6
1.2
1.4
1.0
.5
3.2
2.8
.6
.5
.3
1.3
2.4
4.8
2.2
.9
8.5
4.7
1.0
1.6
.8
2.2
4.2
7.2
7.5
17.9
0)
21.4
0)
(')
8.5
17.6
19.9
7.4
9.3
3.9
22.2
18.4
6.1
5.2
2.5
8.7
16.3
10.1
7.4
3.4
22.8
19.8
4.0
3.8
2.3
9.4
17.0
15.5
7.3
2.8
27.4
15.3
3.3
5.1
2.6
7.2
13.7
4.5
Income taxes
Corporate profits tax accruals
-Property taxes
General sales taxes
Gasoline taxes..
..
Liquor taxes
Tobacco taxes.
Death and gift taxes
Motor vehicle licenses
Other taxes
6.6
13.1
27.8
100.0
100.0
100.0
100.0
0
4.3
(*)
(*)
5.9
.4
.3
.2
11.3
.9
.8
.6
24.3
2.0
.9
0
96.6
.6
2.8
.7
89.0
6.1
4.2
1.2
86.2
6.8
5.8
2.3
87.3
7.0
3.4
0)
0)'
(0 2
.3
.4
Local government:
Total tax revenue
._
Income taxes _
Property taxes
Sales taxes
_ _
Other taxes _ _ _
_
_
*Less than 0.05 billion dollars.
1
Small amounts included in other taxes.
NOTE.—Detail may not add to total because of rounding.
Source: Office of Business Economics, U.S. Department of Commerce.
October 1967
portance both as a percent of local
receipts and as a percent of State expenditures. However, from 1965 to
1966, State payments to localities increased in relative importance at both
local and State levels.
Grants-in-aid by function
As significant as intergovernmental
payments are in the aggregate, their
importance in financing particular functions is even more striking. For State
and for local governments separately,
table 8 summarizes by function, the
proportion of expenditures financed by
intergovernmental assistance and the
proportion financed by the level of
government making the outlay. In
1966, Federal funds financed more than
half of State outlays for public assistance, almost half of State outlays for
highways, and two-fifths of those for
commerce and housing. In the case of
local governments, intergovernmental
payments accounted for roughly 80 percent of public assistance expenditures,
two-fifths of educational outlays, and
almost two-fifths of local expenditures
for streets and roads.
Changes in the relative importance of
intergovernmental aid to the States over
the past decade have also been significant. During this period, Federal assistance increased from 18 to 30 percent
of State total direct expenditures (outlays excluding interest and trust fund
payments and expenditures of government enterprises). While Federal funds
accounted for a larger share of nearly
all major State functions, the increase
was most pronounced in expenditures
for highways and for commerce and
housing. Federal assistance rose from
17 to 46 percent of State spending for
highways and from 16 to 39 percent of
State outlays for commerce and housing
(chart 12).
Changes in the relative importance of
intergovernmental aid have been less
pronounced at the local level. From
1956 to 1966, Federal payments to local
governments (those made directly and
those made to States but reallocated to
localities) rose only from 6 to 7 percent
of direct local expenditures; over the
same period, State assistance to localities increased from 24 to 26 percent
of local spending. The long-term rise in
SURVEY OF CURRENT BUSINESS
29
to the mushrooming demands of an
increasingly urbanized and mobile
population. The Federal Government
has been called upon to help meet these
demands, and the amount of assistance,
as well as the number of activities aided,
has sharply accelerated.
The basic form of Federal aid to State
and local governments is the conditional
grant-in-aid. Through this device, the
Federal Government assists specific
State assistance to localities
activities, establishes minimum nationStates are "middlemen" in the intri- wide standards of public service and
cate web of intergovernmental financial requires the contribution of funds by
transactions. State governments receive the receiving government.
much of their revenues from the FedDespite a long history traced mainly
eral government while they pay an through support for education and
even larger portion of their expendi- public road construction, Federal
tures to local governments. In 1966, grants-in-aid were not significant until
Federal payments to States (net of the 1930's. However, during the depresfunds directly reallocated to localities) sion, the Federal Government became
amounted to $9.8 billion, or 20.5 per- involved, on a relatively large scale, in
cent of 'State total revenues. However, a number of welfare and economic
during this year, States paid out $15 security programs, and a new era in
billion, or 34.9 percent of their total intergovernmental relations was initiexpenditures, to their local units. Thus, ated.
in the aggregate, localities are the only
The welfare imprint of the depression
net recipients of intergovernmental period dominated the character of
transfers.
Federal aid over the next two decades.
Local governments are the legal cre- By 1956, Federal grants to State and
ations of their parent State, and very local governments had more than
early, this relationship established a
doubled and totaled $3.3 billion, of
framework for intergovernmental aid
which 66 percent was allocated for
transfers. Before the Great Depression,
health, labor, welfare, and education
local government expenditures exceeded
activities. Between the mid-1950's and
those of the States, and States were not
the mid-1960's, the emphasis in Federal
heavily committed to the support of
aid shifted to public construction. In
major local functions. Since that time,
large part, this development reflected
which marked the beginning of rapid
the passage of the 1956 Interstate
growth at the State level, State assist- Highway Act. Through this program,
ance to local units has been rising plus the longstanding primary and
steadily. Transfers in support of edusecondary road program, the Federal
cation have been the most important
Government channeled more than $26
and fastest growing type of payment,
billion to the States over the decade
followed by support for highways and
ending in 1965. Moreover, aid to other
for public assistance. In 1966, twoconstruction-oriented programs, such
thirds of State aid was allocated for
as urban renewal, community facilities,
education, 7.4 percent for public assist
water, sewage, etc., reinforced this
ance, and 7.2 percent for highways.
trend as these programs gained momenThe rest of this assistance was spread
tum in the late 19507s and early 1960's.
over a large number of smaller pro- By 1965, commerce, transportation,
grams.
and housing accounted for 39.4 percent
of Federal grant-in-aid funds, and the
Federal aid to States and localities
proportion allocated to health, educaThe extraordinary acceleration in tion, and welfare declined to 53.1
Federal intergovernmental aid over the percent. The emphasis of grants is
past decade has been largely a response again shifting and in the years immedi-
ately ahead should return full circle to
the focus on health, labor, welfare, and
education. This is largely the result of
a host of new grants-in-aid associated
with the Great Society programs added
by the 88th and 89th Congresses and
aimed at providing economic opportunity through improving human
resources. Although the financial impact
of these new programs has so far been
moderate — since many programs are
not yet fully operative — the expectation
is for considerable influence to be
exerted in the immediate future. From
1965 to 1966, the share of Federal aid
accounted for by health, labor, welfare,
and education activities rose from 53
percent to 61 percent. In major part,
this increase can be attributed to aid
for education following the 1965 Aid to
Elementary and Secondary Education
Act.
October 1967
Federal support of public assistance
continued, and last year, Federal aid
represented more than half of local
public assistance payments. There was
a striking rise in the Federal share of
local commerce and housing outlays.
The increase in State aid to localities
was most pronounced for public assistance and education.
CHART 11
State and Local Government
Expenditures and Receipts
Billion $
60
STATE
50
Receipts
40
Surplus
\
30
Expenditures
20
10 I
i
i
i
i
i
i
i
i
i
i
i
i
i
70
LOCAL
60
Deficit
50
Expenditures
40
Receipts
30
20
10 l
1956
i
i
i
58
i
i
60
i
i
62
U.S. Department of Commerce, Office of Business Economics
i
64
i
66
67-10-11
SURVEY OF CURRENT BUSINESS
30
Problems with Federal grants
Although the grant-in-aid device
has proved an effective instrument of
cooperative government, it has been
subject to mounting criticism, especially
in recent years. One source of concern
has been the extraordinary expansion
in the number of federally aided
programs. Although the number of
grants depends on the extent to which
particular categories are separated,
the Legislative Reference Seivice of
the Library of Congress has a major
category tabulation of 116 in April
1964, 135 in January 1965, and 162 in
January 1966. Moreover, these programs differ not only in the type of
activity supported but also in procedural patterns, conditions of eligibility, performance criteria, sharing
formulas, and equalization provisions.
Furthermore, sometimes assistance flows
to the States and is then rechanneled
to localities, and sometimes States are
bypassed and the Federal Government
deals directly with the localities. In
short, the rapid expansion of the
grant-in-aid device has proceeded in
an unstructured and uncoordinated
fashion, and has been accompanied by
increased complexity at all levels of
government.
Aside from these problems, grants
are criticized on the grounds that they
tend to distort State and local budget
priorities. Grant funds represent highpowered dollars for the receiving governments; depending on the matching
formula of the program, one State or
local dollar can command $2, $3, or
even $9 in Federal funds. Therefore,
it is claimed that States and localities
maximize their dollar outlays by skewing spending patterns in favor of
programs eligible for Federal aid, while
other unaided, but perhaps no less
important, functions are ignored or
receive less financial support.
Broadening the Scope of
Federal Aid
The outlook for the years ahead is
for substantially larger Federal payments to State and local governments.
A number of considerations warrant
attention here. At the State and local
levels, few signs indicate any substantial easing of fiscal pressures. Although
revenues will continue to expand, tax
obstacles will probably remain. While
a slowing in population growth should
relieve some pressures—especially from
educational expenditures—States and
localities would still face serious deficiencies in many of their current programs, and new responsibilities are
likely to accumulate. At the Federal
level, it is becoming increasingly clear
that improved State and local performance is critical to the effective execution
of national programs and to the accomplishment of national goals. When
it becomes possible to reduce defense
expenditures, revenues from the ex-
Table 7.—Sources and Uses of Funds of State and Local Governments
[Billions of dollars]
1956
1957
1958
-0.9
1.4
-2.3
—1.4
-2.3
-2.9
-4.0
4. Net borrowing
3. 1
4.6
5.5
4.7
5. Total sources (1+4)
2.2
3.2
3.2
3.9
4.0
6. Acquisition of financial assets
7. Pension fund
8. Other ..
1.7
1.4
.3
2.3
1.6
2.2
1.7
2.9
1.9
3.6
2.1
1.0
1.5
.8
.8
.8
.9
1.0
2.5
3.1
.1
3.0
.2
3.8
.1
.4
-1.7
-.1
-2.3
1.7
-2.5
1. Surplus or deficit (—)-._ __
2. Pension
3. Other-_-
9. Purchase of land
10. Total uses (6+9)
11. Errors and omissions
0
1.6
.7
1.7
.5
1959
1960
1961
1962
1963
1.2
2.7
1965
1966
1.7
3.1
1.2
3.4
-1.4
-1.8
2.9
3.7
-.8
7.0
6.2
7.8
6.6
8.2
7.9
9.0
9.5
9.0
3.4
3.2
7.7
2.7
6.9
3.1
2.0
5.6
2.4
3.8
5.6
10.0
3.7
1.1
1.2
1.3
1.3
1.4
1.4
4.6
-.6
5.5
-.8
6.8
-.3
9.0
-.8
8.2
-.3
10.4
-1.4
11.4
-1.9
1.6
-1.4
1.3
-1.8
1.7
-.9
2. 1
-'.9
3.2
-1.4
3.5
-2.2
3.8
-1.0
-0.8
0.2
2.1
—0.5
2.4
0.9
2.4
-2.7
-1.9
-2.9
— 1.4
-1.5
5.2
5.6
4.7
6.5
4.4
2.4
1.9
1964
5.0
6.3
Addenda :
12. Surplus or deficit State governments
13. Surplus or deficit local governments
.6
-1.5
NOTE.—See footnote 1, table 1.
Source: Office of Business Economics, U.S. Department of Commerce.
October 1967
tremely productive Federal tax system
will be freed for nondefense purposes.
Although some of this revenue may be
used to reduce taxes or retire debt, some
or all of it may be shifted to public
nondefense spending. In the latter case,
an opportunity may exist for a substantial acceleration in Federal transfers to State and local governments.
In view of these considerations and
the complexity associated with the
present grant-in-aid system, increasing
attention is being directed to ways to
revitalize and strengthen the fiscal
structures of State and local governments. Currently, two of several proposals have moved to center stage—a
plan combining tax sharing with general or block grants-in-aid and a proposal involving tax credits.
Tax sharing
The first of these and its variations
would allocate to the States a specified
percentage of the Federal personal
income tax base—or tax or revenue
collections—and in so doing, would
provide States with a share of a revenue
base that would expand rapidly with
the growth of the economy. The funds
thus collected could be transferred to
the States in the form of general or
block grants according to a formula
that could vary according to a measure
of need or a measure of fiscal capacity—
population, per capita income, tax
effort, or the like. Moreover, the use of
funds could also be broadly specified
and generally supervised or audited
by the Federal Government to insure
that local governments or urban areas
or general national interests would be
served.
Such a program would serve as an
alternative or supplement to specific
types of grants-in-aid, would bring
substantial revenues to the hard-pressed
States, and would facilitate a redistribution of fiscal resources across State
boundaries. However, serious obstacles
would be encountered. Critics point to
the fact that such assistance would
further impair the budetary process
at the State level by separating the
raising of funds from the spending of
funds. Others argue that the proposals
would give State and local officials a
October 1 6
97
SUEVEY OF CUREENT BUSINESS
more direct interest in Federal tax
reforms. Objections are raised that the
attempt by the Federal Government
to specify or supervise the use of funds
could easily conflict with the principle
of block or unconditional grants. Problems would be encountered with the
allocation of revenues and would stem
from the difficulty of developing accurate measures of the need for services
or of fiscal capacity. Another serious
problem arises from the diverse pattern
of State-local intergovernmental finances: the problem of constructing
a uniform or nationwide guide for the
sharing of these new revenues between
State and local units.
Government. This indeed becomes a
point of contention. Those who question the "responsibleness" of State
Governments are not favorably disposed toward a proposal that requires
the Federal Government to give up
large revenues without provisions for
Federal supervision or audit and without assurances that the funds would
assist local or urban areas. Critics also
point to the fact that some States do
not impose an income tax and would
have to do so if their citizens were to
receive equal treatment from the Federal Government. Other States would
have to raise rates or change definitions
to comply with the Federal tax base.
In either case, the charge of Federal
intervention with State fiscal systems
would certainly be made. An important
objection is that the tax credit proposal
would favor the high income States and
provide little help for the neediest
States and no contribution would be
made to equalizing fiscal differences
among States. Thus, while the Advisory Commission's plan has much to
recommend, it also has serious shortcomings.
Despite problems with each of these
proposals—and despite the fact that
their becoming key national issues
depends upon an easing in defense
spending and an improvement in the
Federal budget position—it has become
abundantly clear that a rebalancing
of the relative strengths among the
Federal, State, and local levels of our
Federal system is needed. Effective
solutions to domestic problems rely on
overcoming the basic imbalance between revenue sources at one level of
government and spending requirements
at a different level. While this has been
a longstanding problem of federalism,
it has become increasingly serious in
recent years and promises to be even
more important in the future. Furthermore, the traditional means for bridging
the gap—the conditional grant-inaid—now appears to be overworked.
Although it is clear that grants will
continue to play a central role in intergovernmental fiscal affairs, it is not
clear that this device can serve in the
future as well as it has in the past.
Tax credits
An alternative proposal for strengthening and revitalizing State governments was recommended late in 1965
by the Advisory Commission on Intergovernmental Eelations. This plan calls
for tax credits for State income taxes
paid, amounting to a suggested 40
percent of Federal personal income tax
liability. The thrust of this proposal
is to clear the way for greater State use
of this largely untapped but more
elastic and more equitable source of
tax revenue.
The proponents of this proposal
point out that the tax credit device has
been used in the past with both death
taxes and unemployment taxes. Other
benefits have been claimed for this
proposal: a reduction in Federal taxes
and an increase in State taxes, and
hence, a relative strengthening of the
Federal-State partnership; a restoration of balance between State revenue
sources and spending needs; a strengthening of State fiscal decision making
by keeping revenue and expenditure
decisions at the same level; a standardization in income tax use and a greater
equalization of taxpayer burdens.
Because this program would be directed primarily at opening the way for
greater State use of the income tax, it
would not be concerned with allocating
the shares of receipts to localities or
with specifying the type of functions
that should benefit from increased revenues. These decisions would be viewed
as best left to the responsible State
31
CHART 12
Total State and Local Expenditures for
Selected Functions by Source of Financing
Percent of State Expenditures
20
40
INTERGOVERNMENT
ASSISTANCE.-
60
80
100
OWN
RESOURCES
Federal Local
I , f ,
1966
Total Direct 1956
1948
Public Assistance
& Relief
Education
Commerce, Transportation & Housing
Highways
Agriculture &
Natural Resources
Percent of Local Expenditures
0
20
40
INTERGOVERNMENT
ASSISTANCE.Federal
State
1966
Total Direct 1956
1948
Public Assistance
& Relief
Education
Commerce, Transportation & Housing
Highways
Agriculture &
Natural Resources
U.S. Department of Commerce, Office of Business Economics
60
80
OWN
RESOURCES
100
SUEVEY OF CUKKENT BUSINESS
32
October 1967
Table 8.—Distribution of Direct State and Local Government Expenditures Financed by Intergovernmental Assistance 1 and by Own
Resources
1948
1966
Percent financed by —
Total
1956
Percent financed by —
Percentfinancedby-
Intergovernmental
receipts
Federal
Own
resources
Total
Intergovernmental
receipts
Federal
Local
Own
resources
Total
Local
Intergovernmental
receipts
Federal
Own
resources
Local
State governments
Total direct expenditures 2
__ _ _
General government
22
2
100
76
100
100
100
100
2
80
100
100
18
100
30
2
68
100
100
100
100
26
64
3
2
4
72
32
97
100
100
100
17
46
8
1
2
82
52
92
100
100
100
20
54
19
1
1
1
79
45
80
Commerce, transportation, and housing
Highways-
100
100
22
23
2
2
76
75
100
100
16
17
2
2
82
81
100
100
39
46
1
2
60
52
Agriculture and natural resources
100
15
85
100
14
86
100
12
Health, education, and welfare
Public assistance and relief
Education _ _
_.
__
88
1948
1966
Percentfinancedby-
Total
1956
Percentfinancedby-
Percentfinancedby-
Intergovernmental
receipts
Federal
Own
resources
Total
Intergovernmental
receipts
Federal
State
Own
resources
Total
State
Intergovernmental
receipts
Federal
Own
resources
State
Local governments
Total direct expenditures 2
._
Commerce, transportation, and housing.
Highways
Agriculture and natural resources
_
__
4
100
100
100
4
26
1
100
2
71
100
6
99
100
1
25
40
34
71
34
66
100
100
100
6
46
3
25
32
74
68
100
100
1
97
100
1
100
100
Health, education, and welfare _ _ ._
Public assistance and relief
Education.
100
100
..
General government
'25
324
70
100
7
99
100
1
23
23
30
71
31
67
100
100
100
10
52
6
26
28
35
64
20
59
3
28
38
69
62
100
100
12
20
38
68
62
2
1
97
100
2
2
96
(«)
(4)
'26
67
99
1
To avoid double counting, grants made by the Federal Government to States and reallocated to local units are included in Federal payments and excluded from State payments to
localities.
2
Excludes net interest paid, surplus of government enterprises, and trust fund expenditures.
3
Includes State aid to localities not specified for particular functions.
* Less than ^ of 1 percent.
NOTE—Intergovernmental receipts are related to expenditures as defined for national income purposes, and hence the percentage relationships shown may differ somewhat from those
obtained when other budgetary definitions of expenditures are used.
Source: Office of Business Economics, U.S. Department of Commerce.
U. S. GOVERNMENT PRINTING OFFICE : 1967 O - 276-422
CURRENT BUSINESS STATISTICS
1.HE STATISTICS here update series published in the 1965 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.00) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1961 through 1964 (1954-64 for major quarterly series), annually, 1939-64; for selected series,
monthly or quarterly, 1947-64 (where available). Series added or significantly revised after the 1965 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (f), respectively; certain revisions for 1964 issued too late for inclusion in the 1965 volume appear in the monthly
SURVEY beginning with the September 1965 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding
to revised annual data are available upon request.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided through
the courtesy of the compilers, and are subject to their copyrights.
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
1964
Annual total
1965
IV
III
I
II
1966
III
| IV
I
Seasonally adjusted quarterly
1967
IV
III
II
I
II
III v
iotals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
bil. $__
Durable goods total 9
Automobiles a n d parts _ _ _ - _ _ - _ _
Furniture and household equipment
Nondurable goods, total 9
Clothing and shoes
Food and beverages
Gasoline and oil
_ _ _
Services, total 9Household operation
Housing
Transportation
~
-
-
_
-
-
683.9
743.3
638.9
645.1
662.7
675.4
690.0
708.4
725.9
736.7
748.8
762.1
766.3
775.1
790. 1
401.2
433.1
465.9
406.6
408.9
420.2
428.1
436.4
447.8
458.2
461.6
470.1
473.8
480.2
489.7
495.8
do
- do_ _
do
Personal consumption expenditures, total
632.4
do
Gross national product, totalf
59.2
25.8
25.0
66.0
29.9
27.0
70.3
29.8
29.9
60.7
26.9
25.1
58.7
24.6
25.6
65.2
30.4
25.8
64.2
29.2
26.1
66.1
29.8
27.3
68.6
30.3
28.9
71.6
31.4
29.4
68.2
28.5
29.1
70.9
29.8
30.6
70.6
29.6
30.6
69.4
27.3
31.4
72. 5
29.7
31.9
73.0
29.8
31.9
178.7
33.5
92 9
14.0
191.2
36.1
99 0
15.1
207.5
40.3
106 7
16.2
181.3
34.2
94 0
14.1
182.9
34.5
95 1
14.3
184.6
34.6
95 6
14.3
189.8
35.6
98 3
15.1
192.4
36.2
99 4
15.3
198.0
37.8
102 5
15.7
203.2
39.5
105 2
15.8
207.1
39.8
107 0
16.2
209.5
41.0
107 3
16.3
210.3
40.8
107 2
16.6
214. 2
41.5
109 3
17.1
217.2
43.2
110. 1
17.5
219. 0
43.7
111 0
17.7
163.3
24.3
59.3
11.6
175.9
25.7
63 6
12.6
188.1
27.0
67 1
13.6
164.6
24.5
59 8
11.7
167.3
24.5
60 8
11.8
170.4
24.7
61 9
12.0
174.2
25.5
63 2
12 5
177.8
26.1
64 2
12.8
181.2
26.5
65 3
13.1
183.5
26 1
66 2
13 2
186.3
26.9
66 5
13.5
189.8
27.4
67 4
13.7
192.9
27.7
68 5
14.0
196.6
27.8
69 6
14.4
200.0
28.1
70.6
14.6
203. 8
28.1
71 9
14.8
do ...
do
do
do_ _ _
_ _
do
_do
do
do
94.0
107.4
118 0
94.2
97.9
105 1
105 1
108.2
112.3
115 2
118.5
116.4
122.2
110.4
105.1
109.8
88.2
61. 1
21 2
39.9
27.1
26.6
5.8
6 4
98 0
71.1
25 1
46.0
27.0
26.4
9.4
8 4
104 6
80.2
27 9
52 3
24.4
23 8
13.4
13 7
89 4
62.4
21 4
41.0
27.0
26.5
4.8
56
90 2
63.4
21 8
41.6
26.8
26.3
7.7
8 1
94 4
67.3
23 1
44.1
27.2
26 6
10.6
10 1
96 3
69 3
24 7
44 6
27.0
26 5
8.8
7 9
98 8
71.9
25 1
46.8
26.9
26 4
9.4
7 9
102 4
75.7
27 3
48 3
26.8
26 2
9.9
8 7
105 3
78 3
28 3
50 0
27.0
26 5
9.9
9 6
104 5
78.7
27 5
51.2
25.8
25.3
14.0
14 4
104 9
81.2
28 2
53.1
23.7
23.2
11.4
12 0
103 7
82.8
27 7
55. 1
20.9
20.4
18.5
19.0
103.3
81.9
27 7
54.2
21.4
20.9
7.1
7.3
104.6
81.5
26.3
55.2
23.1
22.5
.5
.6
108. 2
82.9
26 4
56.5
25.4
24.8
1.5
1. 1
__ do
do
do
8.5
37.1
28.6
6.9
39 1
32.2
5.1
43 0
37.9
8.7
37.5
28.8
8.5
38.3
29.8
6.1
35 1
28.9
8.2
40 7
32.6
7.4
40 3
32.9
6.1
40 5
34.4
6. 1
42 0
36.0
5.4
42.5
37.1
4.6
43.7
39.0
4.3
44.0
39.7
5.3
45.3
39.9
5.3
45.1
39.8
5.6
45.8
40.2
Govt. purchases of goods and services, total.. do
Federal
do
National defense
_ - do
State and local
do
128.7
65.2
50.0
63.5
136.4
66 8
50.1
69.6
154.3
77 0
60.5
77.2
129.4
65.2
49.8
64.3
129.8
64.5
48.9
65.3
131.3
64 3
48.4
66 9
133.9
65 4
49.2
68 6
138.1
67 6
50.3
70 4
142.3
69 8
52 4
72 5
146.5
72 1
55. 1
74 3
151.2
74.9
58.4
76.2
157.7
79.5
63.0
78.1
161.7
81.5
65.6
80.2
170.4
87.1
70.2
83.3
175.0
89.5
72.5
85.4
178.9
91.4
73.9
87.6
By major type of product:!
Final sales, total
_ ___
Goods, total
Durable goods
Nondurable goods
Services
Structures
626.6
313 6
122.8
190.7
244 2
68 8
674.5
337 2
132 8
204.4
26? 9
74 4
729.9
366 2
144 7
221.5
287 2
76 5
634. 1
318 5
124 9
193.5
246 5
69 2
637.4
317 9
123 3
194. 7
250 1
69 3
652.0
325 9
129 6
196.3
254 6
71 6
666.5
332 8
130 0
202.9
260 1
73 6
680.6
340 2
133 9
206.3
266 0
74 4
698
349
137
212
271
77
716
359
143
216
276
79
0
g
2
4
6
9
722.6
361 7
141 6
220. 1
283 5
77 4
737.4
370 3
145 8
224.5
291 6
75 5
743.6
373 2
148.3
224.9
296 9
73 5
759.2
380 9
150.5
230.5
303 1
75.2
774.6
391.6
156.0
235.5
307.8
75.2
788. 6
5.8
4 2
1.6
9.4
6 7
2.7
13.4
9 9
3.5
4.8
4 2
.6
7.7
4 5
3.2
10 6
8 7
2.0
88
7 0
1.8
9 4
71
2.3
9 9
5 0
4.9
9 9
7 4
2 5
14.0
9 7
4.3
11.4
9 9
1.5
18.5
12 8
5.7
7.1
34
3.7
.5
-.6
1.1
1.5
bil. $_.
581.1
616.7
652.6
585.8
588.5
601.5
609.7
620.7
634.4
645.4
649.3
654.8
661.1
660.7
664.7
671. 6
do
373.7
398.4
418.0
378.6
379.3
389.1
394.1
400.7
409.9
416.2
415.2
420.4
420.4
424.2
430.6
do
do
do
59 0
170 3
144 4
66 4
178 9
153 2
71 3
187 7
159 1
60 4
172 8
145 3
58 7
173 5
147 1
65 0
174 7
149 4
64 1
178 0
152 0
66 8
179 3
154 6
69 5
183 6
156 8
73 0
185 8
157 3
69 3
187 7
158 2
71.9
188 8
159 8
71.1
188 4
160 9
69 7
191 8
162 6
72.9
193.6
164.1
do
87 8
98 0
105 6
87 6
90 8
95 9
95 9
98 3
101 6
104 0
106 5
103 6
108 4
96 9
91.3
do
do
do
do
81
57
24
5
9
8
2
8
89 1
66 0
23 2
88
93
72
20
12
82
58
23
4
83
59
93
7
86
62
23
9
87
64
93
8
9
5
4
0
89 6
66 7
93 Q
8 7
92
69
22
9
94
71
22
9
93
71
21
13
93
73
19
10
91.2
74 2
17 0
17 2
90.2
73 0
17 3
6 7
90.9
72.6
18.3
.4
8 3
6 0
6 8
mq
57 1
55. 8
1 1r q
Gross private domestic investment, total
do
Fixed investment
do
Nonresident ial
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
Change in business inventories..
Durable goods
Nondurable goods.
-
_
.
_
_ _ _
do.
do
do
do_ _
do
do
do
do
do
5
9
9
0
0
6
GNP in constant (1958) dollars
Gross national product, totalf
Personal consumption expenditures, total
Durable goods
_ _ _ _ _ _
Nondurable goods
Services
Gross private domestic investment, total
Fixed investment
... Nonresidential
Residential structures
Change in business inventories
Net exports of goods and services
do
Govt purchases of goods and services total
Federal
State and local . . .
do
do
do
111 2
58 1
53.2
114 3
57 8
56.4
0
8
2
6
4 4
124 5
64 7
59.9
8
9
9
8
8 4
111 2
57 8
53.5
7 9
110 5
56 7
53.8
r
Revised.
f Preliniinary.
f Revised series. Estimates of national income and
product and personal income have been revised (see p. 13 fT. of the July 1967 SURVEY for
data beginning 1964; for data prior to 1963, see p. 11 ff. of the July 1966 SURVEY); revisions
276-422 O - 67 - 3
2
7
5
6
6
9
7
3
59
111 3
56 3
55. 0
6 4
58 5
56.7
4
7
6
2
56
m
5
8
8
5
5 4
A
-I 1 Q Q
59 3
58.0
61 2
58.7
1
7
4
4
4 8
122 7
63 4
59.4
0
6
4
6
4 i
32
4 1
4.1
126 6
66.4
60.1
129 1
67.8
61.3
135 5
72.3
63.2
138 7
74.4
64.3
prior to May 1966 for personal income appear on D. 21 of the July 1967 SURVEY and those
for periods prior to 1963 on p. 18 ff. of the July 1966 SURVEY.
9 Includes data not shown
separately.
s-1
SURVEY OF CURRENT BUSINESS
8-2
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
1966
1964
IV
Annual total
October 1967
1966
1965
I
II
IV
Ill
I
1967
IV
III
II
I
II
IIlp
472.3
425.9
339. 0
16.3
79.6
46.3
58.8
43.8
15.0
20. 2
IV
GENERAL BUSINESS INDICATORS— Quarterly Series— Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
National income totalf
bil $
Compensation of employees, total. ._
do
Wages and salaries total
do
Private
do
Military
do
Government civilian
do
Supplements to wages and salaries
do
Proprietors' income total 9
do
Business and professional 9
do
Farm
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment total
bil $
By broad industry groups: •
Financial institutions
do
Manufacturing, total
do
Durable goods industries
do
Transportation, communication, and public
utilities
bil $
All other industries
do
Corporate profits before tax total
do
Corporate profits tax liability
do
Corporate profits after tax
do
Dividends
do
Undistributed profits
do
Inventory valuation adjustment
do
Net interest
do
DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income total
bil $
Less: Personal tax and nontax payments.-- do
Equals' Disposable personal income
do
Less* Personal outlays©
do
Equals' Personal saving§
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
bil $
Manufacturing
_ _ _ _ _ _
do
Durable goods industries
do
Nondurable goods industries
do
Mining
do
Railroad
_._ .
_
do
Transportation, other than rail
do
Public utilities.. _ . _
_
do
Communication
do
Commercial and other
do
Seas. adj. qtrly. totals at annual rates:
All industries
do
Manufacturing. _ __
do
Durable goods industries
do ...
Nondurable goods industries
do
Mining
do
Railroad
_.
do
Transportation, other than rail
do ...
Public utilities
_
do
Communication
do
Commercial and other
.
do
U.S. BALANCE OP 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
Military sales
_ ___
do .__
Income on U.S. investments abroad _
do
Other services __
do
Imports of goods and services
do
Merchandise, adjusted, excl. military
do
Military expenditures
do _._
Income on foreign investments in the U.S. -do
Other services
do
Unilateral transfers, net (excl. military grants);
transfers to foreigners ( — )
mil $
Transactions in U.S. private assets, net; increase
(-)
mil. $.
Transactions in U.S. Govt. assets, excl. official
518.1
365.7
333.7
269.4
11.7
52.6
32.0
52.3
40.2
12.1
18.0
562.4
393.9
359.1
289.8
12.1
57.1
34.9
56.7
41.9
14.8
19.0
616.7
435.7
394.6
316.7
14.7
63.2
41.1
59.3
43.2
16.1
19.4
530.4
375.8
342.7
276.5
11.9
54.3
33.1
53.3
40.6
12.6
18.4
544.9
381.5
347.7
280.8
11.8
55.1
33.8
55.0
41.4
13.6
18.6
555.3
388.6
354.2
286.2
11.7
56.3
34.5
56.7
41.7
15.0
18.9
566.5
397.2
362.0
292.1
12.1
57.8
35.2
57.2
42.0
15.2
19.1
582.8
408.4
372.4
300.0
13.1
59.4
36.0
57.8
42.5
15.3
19.2
600.3
420.8
381.3
306.9
13.6
60.7
39.5
60.0
42.8
17.1
19.2
610.4
430.7
390.2
313.8
14.2
62.2
40.5
59.3
43.3
16.0
19.3
622.1
441.2
399.6
320.1
15.1
64.3
41.6
59.2
43.3
15.9
19.4
634.1
450.2
407.4
326.1
15.8
65.6
42.7
58.6
43.4
15.1
19.6
636.4
459.1
414.7
331.4
16.1
67.3
44.4
57.8
43.2
14.6
19.8
641.6
463.4
418.3
333.2
16.2
68.9
45.2
57.8
43.4
14.3
20.0
66.3
74.9
82.2
66.4
72.6
73.4
74.9
78.7
81.1
81.3
81.9
84.6
78.1
78.3
7.9
58.4
32.7
14.9
17.8
8.4
66.5
38.7
16.5
22 2
9.3
72.9
43.1
18.7
24.4
8.0
58.5
32.4
15.3
17.2
8.2
64.4
37.5
15.9
21.6
8.4
65.0
37.7
16.0
21.6
8.4
66.5
38.6
16.5
22.1
8.6
70.0
41.0
17.4
23.7
8.9
72 2
42! 7
18.3
24.3
9.0
72.2
42.5
18.5
24.0
9.5
72.4
42.7
18.8
23.9
9.6
75.0
44.4
19.2
25.3
9.6
68.5
39.6
18.4
21.1
9.5
68.8
38.9
17.8
21.1
10.1
15.5
66.8
28.3
38.4
17.8
20.6
11.9
18.0
83.8
34.5
49.3
21.5
27.8
—1 6
20 2
10.3
15.7
67.4
28.6
38.8
18.3
20.5
—1 0
16.6
10.6
16.3
74.0
30.3
43.7
18.7
25.0
—1 4
17.1
10.9
16.5
75.6
30.9
44.6
19.4
25.2
—9 1
17.6
11.2
16.7
75.8
31.1
44.8
20.2
24.6
— 9
18.2
12.0
17.0
80.8
33.1
47.7
20.9
26.8
2 2
18.8
11.7
17.8
83.7
34.5
49.2
21.4
27.8
—2 6
19.3
12.0
17.8
83.6
34.5
49.2
21.6
27.6
-2.3
19.8
11.8
17.9
84.0
34.6
49.4
21.6
27.8
-2.2
20.4
12.0
18.6
83.9
34.6
49.3
21.2
28.2
2l! 1
11.7
17.3
79.0
32.5
46.5
22.2
24.2
-.8
21.6
11.9
18.0
78.9
32.5
46.5
23.1
23.4
15 8
11.2
16.6
76.6
31.4
45.2
19.8
25.4
—1 7
17 9
22! 1
22. 6
497.5
59.4
438.1
411.9
26.2
537.8
65.6
472.2
445.0
27.2
584.0
75.2
508.8
479.0
29.8
510.5
60.9
449.6
420.1
29.5
520.3
64.3
456.0
431.6
24.5
530.1
66.1
464.0
439.9
24.0
544.6
65.2
479.4
448.5
30.9
556.1
66.7
489.4
460.1
29.3
567.8
70.4
497.5
470.9
26.6
577.3
74.1
503.3
474.6
28.7
589.3
76.9
512.4
483.2
29.2
601.6
79.6
522.0
487.4
34.6
612.9
80.2
532.7
493.9
38.8
619.1
79.1
540.0
504.0
36.0
630. 7
82.8
547.9
510. 1
37.8
44.90
18.58
9.43
9.16
1.19
1.41
2. 38
6.22
4.30
10.83
51.96
22.45
11.40
11. 05
1.30
1.73
2.81
6.94
4.94
11.79
60.63
26.99
13.99
13.00
1.47
1.98
3.44
8.41
5.62
12.74
12.84
5.59
2.83
2.76
.33
.35
.64
1.76
1.17
3.01
10.79
4.54
2.25
2.28
.29
.39
.58
1.32
1.08
2.59
12.81
5.47
2.76
2.70
.33
.44
.77
1.71
1.24
2.85
13.41
5.73
2.91
2.82
.32
.44
.72
1.88
1.22
3.10
14.95
6.72
3.48
3.24
.35
.46
.73
2.04
1.41
3.25
12.77
5.61
2.87
2.74
.33
.40
.75
1.60
1.26
2.83
15.29
6.78
3.51
3.27
.40
.55
1.00
2.09
1.42
3.06
15.57
6.84
3.54
3.30
.37
.48
.82
2.36
1.36
3.33
17.00
7.75
4.07
3.68
.38
.55
.86
2.36
1.58
3.52
13.59
6.10
3.08
3.02
.32
.41
.70
1.84
1.35
2.87
15.61
6.81
3.46
3.34
.34
.41
1.12
2.46
1.49
2.99
US. 77 2 17. 06
7.69
6.72
4.12
3.44
3.57
3.28
.42
.39
.37
.37
1.06
1.05
2.51
2.61
47.75
20.15
10.15
10.00
1.30
1.55
2 60
6.35
4.40
11.40
49.00
20.75
10.40
10.40
1.25
1.75
2.55
6.80
4.55
11.30
50.35
21.55
10.80
10.70
1.30
1.55
2.70
6.85
4.80
11.60
52.75
23.00
11.75
11.25
1.25
1.70
3.00
6.75
5.05
11.95
55.35
24.15
12.45
11.70
1.35
1.95
3.00
7.30
5.30
12.25
58.00
25.60
13.15
12.45
1.40
1.75
3.30
8.25
5.35
12.35
60.10
2B. 80
13.85
12.95
1.55
2.00
3.50
8.30
5.50
12.45
61.25
27.55
14.35
13.20
1.45
1.85
3.40
8.55
5.60
12.85
62.80
27.75
14.50
13.25
1.45
2.35
3.50
8.50
5.95
13.30
61.65
27.85
14.20
13.70
1.40
1.80
3.05
9.20
5.75
12.55
61.50
27.00
13.75
13.25
1.30
1.55
3.90
9.70
5.80
12.25
162.50 2 62. 65
27.35
27.10
14.50
13.95
12.90
13.15
1.60
1.55
1.45
1.45
4.35
4.40
9.10
9.65
9,565
6,587
198
1,322
1,458
-7, 440
-4,907
-691
-380
-1,462
8,768
5, 628
210
1,499
1,431
-7, 232
-4, 669
-671
-401
-1,491
10, 180
6,880
192
1,562
1,546
-8, 139
-5, 475
-711
-424
-1, 529
10, 080 10,119
6, 925
6,811
212
230
1,474
1,353
1,565
1,629
-8, 233 -8, 599
-5, 556 -5, 772
-754
-785
-435
-469
-1,488 -1,573
10,511
7,203
209
1,469
1,630
-8,997
-6, 025
-861
-475
-1,636
10,618
7,181
222
1,535
1,680
-9, 265
-6, 225
-911
-471
-1,658
10,913
7,382
206
1,587
1,738
-9, 762
-6, 580
-953
-565
-1,664
10, 997
7,402
210
1,654
1,731
-9, 913
-6, 680
-969
-563
-1,701
11,383
7,691
339
1,585
1,768
-10,034
-6,692
-1,045
-557
-1,740
pll,338
p 7,723
p 334
p 1,550
p 1,731
p- 10,03
p-6,58
p-1,052
p -545
p-1,854
c
37, 099 39, 147
25, 297 26,244
747
844
5,389
5,888
5,666
6,171
-28, 637 -32, 203
-18,621 -21,472
-2, 861 -2, 921
-1,455 -1,729
-5,700 -6, 081
43, 039
29, 168
847
6, 245
6,779
-37, 937
-25, 510
-3, 694
-2, 074
-6,659
2 782
9 824
9 995
-680
-664
-775
-725
-660
-851
-733
-709
-632
-728
-3, 743
-4,213
-2, 104
-1, 657
-389
-885
-812
-981
-1,135
-932
-1,165
-958
-490
-365
-500
-328
-338
-741
35.01
318.30 3 18. 70
p-l,13C
1 ^7^
-1,674
-579
-396
1 531
Transactions in U.S. official reserve assets, net;
increase ( )
mil $
842
171
1,222
568
-151
Transactions in foreign assets in the U.S., net (U.S.
1,724
liabilities)* increase (-M
mil $
3,314
3,301
286
391
Liquid assets
do __
-24
113
789
1,485
2,629
2,512
239
Other assets
do
310
685
278
-302
Unrecorded transactions. _
do
-335
53
-949
-415
Balance on liquidity basis— increase in U.S. official
reserve assets and decrease in liquid liabilities to
-818
all foreigners; decrease (— )
mil. $
-2, 800 -1,335 -1,357 -1,334
Balance on official reserve transactions basis— increase in U.S. official reserve assets and decrease in
liquid and certain nonliquid liabilities to foreign
225
-618
-834
official agencies; decrease (— )
mil. $
-1,548 -1,304
r
Revised.
* Preliminary,
i Estimates for July-Sept. 1967 based on anticipate d capital expendii ures of bu si ness.
2
Estimates for Oct. -Dec. 1967 based on anticif)ated capital expe nditures of busin ess.
Anticipated expenditures for the year 1967 are as folk)ws (in bil .$): A l i i idustries, 62.03; mp nufacturing, total, 27.31; durable goods industries, 14 10; nondiirable g oods indu stries, 1C .21;
mining, 1.48; railroad, 1.57; transportation, 3.92; pu blic utilit es, 9.41; commerci a and o ther
3
(incl. communication), 18.34.
Includes commun ication.
3 4.63
p -787
-6,542
23.4
p -534
-244
-445
68
41
271
424
68
82
-6
1,027 p -419
-342
-267
-75
-113
211
416
-205
-245
236
-12
248
-110
492
227
265
— 233
1,145
54
1,091
-198
459
83
376
277
1,205
425
780
-148
335 p 2, 222
p931
-489
824 p 1,291
-284 p -576
199
-457
-259
-651
-122
-419
-538
-165
p -512
-18 -1,82 1 P -814
861
-175
-443
-916
207
239
tSc e corresponding n 3te on p. S-l.
91 ncludes i nventory valuatio n adjust ment.
0F ersonal outlays com prise personal consum ption ex penditur es, inter 3st paid by consume rs, and p ersonal t -ansfer p ayments to foreigrlers.
§P€ rsonal sa ving is e tcess of c isposable income over pen onal out lays,
le Mar. June, S apt., and
(?^ lore com plete det ails are g iven in ;he quar erly revi cws in tl
Dec. issues of the STIRV EY; quar ;erly revi sions bac k to 1960 are on p 22 f f o f t his issue
SURVEY OF CURRENT BUSINESS
October 1967
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966 P
Annual
S-3
1966
Aug.
Sept.
1967
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
July
June
Aug.
Sept.p
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCE!
Seasonally adjusted, at annual rates: f
Total personal income
foil
537.8
584 0
589 1
594 1
597 5
602 1
805 0
610 4
612 6
615 6
616 5
618 2
622 6
r (507 0
r 631 5
633 r)
359.1
144.5
115.6
86.9
394.6
159.3
128.1
93.9
399.8
161.2
130.0
94.8
401.9
162.2
130.8
95.0
404.8
163.2
132.1
95.9
407.6
164.1
132.8
96.5
410.0
164.9
132.8
97.2
413.8
166.2
133.7
98.4
414.2
165.2
132.7
98.6
416.2
165.6
132.9
99.1
416.7
165.0
132.5
99. 1
417.2
164.3
132.2
99.3
420 9
165.2
133.0
100.4
r
r
T
r t;)
r 101 8
497 ^
167. 8
135 1
101 8
do
do do _
58.3
69.3
18.6
63.5
77.9
20.8
64.3
79.4
21.1
64.7
80.1
21.3
64.9
80.8
21.4
65.6
81.4
21.7
65.9
82.0
21.9
66.4
82.7
22.1
66.9
83.4
22.2
67.6
84.0
22.4
68.2
84.5
22.6
68.6
85.0
22.8
69.5
85.7
23.1
69 6
86.4
23.3
70 1
86 9
23 6
70 6
87 4
93 H
do
do
41.9
14.8
43.2
16.1
43.3
15.9
43.4
15.8
43.3
15.0
43.5
15.1
43.5
15.3
43.3
15.0
43.2
14.6
43.1
14.3
43.3
14.4
43.4
14.4
43.6
14.3
43.7
14 7
43 8
43 9
15 3
19.0
19.8
38.4
39.7
19.4
21.5
42.4
43.9
19.4
21.5
42.8
43.8
19.4
21.7
43.3
45 8
19.5
21.6
43.8
46.6
19.6
21.6
44.3
47 4
19.7
20.2
44.8
48.5
19.7
21.8
45.0
49.7
19 8
22.3
45.2
51 1
19.9
22.6
45.5
51.7
20.0
22.8
45.8
51.0
20.0
23.1
46.0
51.5
20. 1
23.3
46.1
51.6
20 2
23.5
46.4
52 2
13.4
17.9
18.4
18.4
18.6
18.7
18.8
20.0
20.0
20.1
20.1
20.1
20.3
20.4
518.4
563.1
568.3
573.4
577.5
581.9
584.8
590.2
593.0
596.2
596.9
598.8
603.2
* 607. 2
r
$
Wage and salary disbursements, total
do
C ommodity-producing industries, total-do
Manufacturing
_
do,
Distributive industries
do
Service industries
Government
Other labor income
__Proprietors' income:
Business and professional
Farm
-
Rental income of persons
do
Dividends
do
Personal interest income
do
Transfer payments
do
Less personal contributions for social insurance
foil. $__
Total nonagricultural income
- do
423 4
166. 1
133. 2
101 3
T
4 6 7
* 168. 0
r
135. 3
r
r 15 ()
9Q 2
r 9
T
3 5
46 8
r 59 4
r
9Q 3
93 4
47 9
fj9 (J
20. 6
20. ()
611 4
613 l)
FARM INCOME AND MARKETINGS!
Cash receipts from farming, including Government
payments (48 States) total |
mil. $
Farm marketings and CCC loans, total
do
Crops
do.
Livestock and products total 9
do
Dairy products
do_
M!eat animals
do
Poultry and eggs
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:!:
All commodities
1957-59 = 100-Crops
do
Livestock and products
do
Indexes of volume of farm marketings, unadjusted :J
All commodities .
1957-59 = 100-Crops
-do
Livestock and products _
_
do _
41 547
46 485
4 624
4 990
5 553
4 911
3 940
p3 867
977
p3 087
p2 772
p2 772
p3 254
p3 400
p 4 477
39, 095
17, 250
21, 845
5,022
12 951
3,571
43, 219
18, 384
24, 835
5,502
14 890
4,134
3 678
1,508
2 170
465
1 312
381
4 025
1 790
2 235
463
1 369
390
5 067
2,705
2 362
478
1 479
395
4,818
2,659
2 159
459
1 302
388
3 889
1, «65
2 024
480
1 157
361
3,804
1,721
2 083
489
1 228
330
P2
2 765
903
1 862
452
1? 089
284
2,849
842
2,007
502
1,166
307
2,679
824
1,855
493
1 052
271
2,739
743
1 996
510
1,169
282
3,232
1,245
1,987
497
1,178
291
3, 285
1,420
1 865
473
1 075
304
3 654
1 515
9 139
466
1 393
338
121
125
118
134
134
134
137
131
141
150
156
145
189
236
153
179
232
140
145
163
131
P142
150
135
pl03
79
121
pl06
73
130
plOO
72
120
pl02
65
130
pl20
109
129
P122
124
121
p 137
133
139
118
119
118
121
121
120
121
116
125
132
137
128
170
213
138
168
219
130
138
160
122
pl35
152
122
p94
73
110
p98
62
124
p91
55
118
p93
53
122
pl!3
100
122
pl!6
122
112
P129
129
129
143.4
156.3
156.8
161.3
163.8
160.2
157.1
156.6
156.8
157.1
158.0
156.2
159.0
' 150. 5 ' 157. 7
159.8
145.0
148.4
140.8
114.8
160.9
158.7
165.1
150.7
120.3
173.4
158.0
160.4
155 0
123.6
163
169
156
122
6
5
3
8
167
173
159
124
1
2
6
3
163.3
170.2
154.8
121.5
159 2
168.3
147 7
122 1
158.0
164.7
149 7
121.3
158 6
163 7
152 3
191 7
159.0
164.7
151.9
120.4
160 4
165. 1
154 4
122. 1
158.4
164.5
150.7
121.8
161. 2
166.0
155. 1
123.6
r
r
r
r
158 2
158. 9
157 3
128 7
161 1
162 9
158 7
1?6 7
142.5
140.3
159.9
134 1
147.0
155.4
147.4
166.5
141 4
172.6
154.7
146.0
132. 0
150 4
173.5
161
153
165
149
177
?
6
8
6
8
164
157
184
149
179
7
8
9
2
4
160.0
151.3
176.9
143 2
178.7
157.2
145 5
168.7
138 1
182.4
156.8
145.7
159.1
141 5
180.6
156
145
156
142
180
157.2
146.2
159.8
141 8
180.8
157.6
147 0
160.5
142 7
180.3
155.3
144.3
157.8
140 0
179.0
159. 8
150.4
162.0
146.7
180.0
r
r
r
157.0
147 8
138. 2
162. 4
154 2
162
r
176. 7
180. 2
158.4
154.7
162. 2
r
T
r
r
158. 4
152 1
165.0
157.4
150
165
156.3
INDUSTRIAL PRODUCTION <?
Federal Reserve Index of Quantity Output
Unadj., total index (incl. utili ties) d1-- 1957-59 = 100-By industry groupings:
Manufacturing total
do
Durable manufactures
-do
Nondurable manufactures
do
Mining
do
Utilities
- -_do
By market groupings:
Final products, total
_ __
Consumer goods
Automotive and home goods.
Apparel and staples
Equipment, including defense
Materials
Durable goods materials
Nondurable materials
do _ _
do
do do
do
-_
__ -do __
do
do
144.2
144 3
144 1
do....--
7
6
5
2
4
150 5
154. 7
145 3
124. 5
' 151.1
r
r
r
139. 9
132. 8
149 2
175.3
r
r
T
157.1
157.4
156.9
158.7
158 4
159 0
161 3
162 7
159 9
163 1
163 5
162 6
160.4
159.6
161.2
157.0
155 4
158 6
156.4
153.0
159.8
157 0
152 3
161 8
157.0
152.7
161.5
158. 4
153 3
163 7
157.0
153.3
160.9
143.4
156.3
158.0
157.7
158 9
158.6
159.0
158.1
156.4
156.4
156.3
155.6
155.5
' 156. 5
r
157. 8
do
145.0
158.7
160. 1
160 0
161 5
161.0
161 3
160.1
158 5
158. 1
158 2
157.2
156.9
r
157. 6
r
159. 1
157.5
Durable manufactures 9
- -do
Primary metals
do
Iron and steel
do
Nonferrous metals and products _ _do
Fabricated metal products
do
Structural metal parts
do
148.4
137.6
133.6
152.2
147 8
145.4
165.1
142.7
136.2
166.5
162 8
158.8
167. 1
148.7
142.2
162. 1
161 4
158.8
167.3
146 4
139.0
164 7
163 0
158.6
169
145
137
168
164
159
1
0
5
2
2
0
167.3
138.4
132.4
161.7
164.7
160.2
167.6
136 2
130.1
163.5
168 7
161.4
165.5
131.9
124.9
163.2
186.6
160.7
163 2
131 9
124.8
167 2
165 0
160.9
162.9
129.2
123.7
162.1
162.9
160.1
162 8
129 1
122.7
161 4
160 2
158. 1
162.5
128.9
122.9
154.4
160.8
156.4
161.7
128.3
120.5
156.0
160.8
156.9
r
162. 4
' 129. 3
r
122. 3
' 154. 6
r
159. 7
156.1
r
r
r
163. 7
129. 0
123. 7
145.2
159. 7
156.3
160.8
125
120
157
155
Machinery
_
_ do
Nonelectrical machinery
do
Electrical machinery
do
Transportation equipment 9
do
Motor vehicles and parts
do
Aircraft and other equipment.. - do
160.5
160.4
160 6
149.2
175.2
125.3
183.8
181.9
186 5
168.3
171.3
165. 2
189.6
186.7
193 4
166.0
158.1
172.5
188.8
188.6
189 2
168.3
164. 6
171.1
191.1
189 9
192 6
174 6
175.7
173.7
189.0
188.2
190.1
172.9
170.7
174.6
189.5
190.4
188 3
171.5
169.0
173.7
189.2
190.7
187.2
164.6
151.5
176.0
186.4
187 3
185 3
159 4
140.6
175.6
183.8
185.2
182.0
164.5
148.0
178.8
181.8
183 4
179 7
167 7
153.8
179.8
180.5
181.7
178.9
169.0
155.2
181.4
177.5
181.3
172.5
170.8
157.7
181.8
r
r 183. 0
r
182. 2
r
184. 1
r
171.1
r
156. 1
183.8
183
182
184
161
132
186
Instruments and related products. .
Clay, glass, and stone products
Lumber and products
Furniture and
fixtures
Miscellaneous manufactures
do
do
do
do
do
151.4
133.5
117 4
157.4
146 0
176.5
140.7
119 3
171.9
157.9
177.4
140.5
111 3
175.3
158 7
179.5
141. 2
110 0
173.2
158.4
181.8
137.8
111 3
173.2
157 2
181.4
136.5
109 5
173.9
158.5
184.6
136.9
112 8
174.0
160 9
186.2
137.2
115 7
172.1
160.3
183.4
136.9
116 9
170.6
157.1
185.8
134.9
120 2
166.5
158.2
185. 2
136.0
184.1
133.5
114.9
166.3
156.7
-• 182. 9 ' 183. 1
' 134. 0 r 136. 4
115.5
107 0
183
137
166. 5
159 2
185.3
134. 8
115 6
166.5
158.1
do
do
do
do
do..
140.8
134 9
145 1
108 2
142.3
150.7
149 3
150 3
111 9
152.1
151.3
142 1
147 7
110 4
153.1
150.9
141 7
148 4
109.9
151.2
151.9
142 4
148 1
113 9
153.3
153.1
141 8
149 3
110.8
153.7
153.5
141 4
150 5
111 1
152.6
153.3
139 3
150 2
107.7
154.0
152.4
136 7
146 4
103.7
152.4
152.0
136 2
143 6
100.5
152.4
152. 4
135 1
141 9
107 1
150. 7
150.7
135 2
141.2
105.0
151.4
150.9
135 3
141.5
101.9
150.3
'151. 5
r
136 8
142 3
103.2
r
149. 3
Seas, adj., total index (incl. utilities)^
By industry groupings:
Manufacturing, total
Nondurable manufactures
Textile mill products
Apparel products
Leather and products
Paper and products
_
••Revised, p Preliminary. fSee corresponding note on p. S-l. ^Revised series. Dollar
figures and indexes of cash'receipts and volume of marketings revised beginning 1963; data
for 1963 and Jan. 1964-May 1966 appear in the Dept. of Agriculture publications, Farm In-
rn 5
150. 0
144. 9
155. 2
180.
0
' 182. 2
r
177. 1
r
170. 8
r
156. 7
182.6
r 162.
r
7
155. 4
r
r 165.
r
0
155. 1
- 153. 5
138 5
165
155
153. 5
152. 6
come Situation, July 1966 and July 1967. 9 Includes data for items not shown separately,
d" Revised beginning Jan. 1964 to incorporate new data and to reflect use of new seasonal
factors; revisions for months prior to Sept. 1965 will be shown later.
SURVEY OF CURRENT BUSINESS
S-4
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1967
1966
1966 P
Annual
October 1967
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.?
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION^— Continued
Federal Reserve Index of Quantity Output— Con.
Seasonally adjusted indexescf— Continued
By industry groupings— Continued
Nondurable manufactures— Continued
Printing and publishing
1957-59 = 100. _
Newspapers
do
Chemicals and products
do
Industrial chemicals
do
Petroleum products. _ . _ _
do
130.3
194 2
173.4
196.3
123.5
142.2
134. 2
193.0
220.1
128.4
145.3
137.7
194.4
222.2
128.5
144.3
139.1
193.5
220.5
130.6
144.1
135.7
196. 9
224.1
131.2
144.7
135.2
199.4
227.5
129.1
143.7
133.2
198.7
228.8
129.0
145. 5
133.7
198.6
228.5
128.7
146.1
134.8
200.5
230.8
127.4
146.8
130.9
199.3
227.9
130.1
133.1
147.4
133.1
199.2
228.8
132.1
147.8
134.3
199.2
226.6
132.8
148.3
136.1
' 201. 7
229.0
' 132. 2
164.0
132.0
130.3
141.2
117.4
169.7
131.9
129.9
142.9
123.9
170.1
' 131. 6
' 129. 5
142.8
123.6
148.3
133.8
199. 2
927 9
do
do
do
do
do
171.8
123.7
122.3
130.6
120.3
191.9
128.4
126.6
137.8
119.8
190.3
129.2
127.0
141.1
119.9
193.6
128.5
127.0
136.4
120.5
199.2
127.5
124.9
141.4
116.9
202.0
129.7
127.6
141.1
117.2
201.6
132.0
130.3
141.0
119.3
198.8
131.9
130.4
140.2
118.5
196.3
131.3
129.5
141.1
120.2
191.5
131.7
129.7
142.3
116.2
186.9
132. 7
130.2
146. 3
128. 8
do
do
_ do _
do
do
do
114.8
113.3
1 1 2. 3
111.9
124.2
126.5
120.3
115.2
118.0
119.4
132.7
133.5
122.1
120.7
119.6
121.2
132.1
133.8
121.0
114.7
119.6
121.3
128.6
133.5
121.6
121.5
119.5
121.1
129.4
130.3
121.0
114.0
119.3
120.8
133.0
133.4
123.0
125.2
119.0
120.8
134.2
139.3
123.0
120.7
119.3
121.0
140.3
138.7
122.4
115.7
119.6
120.0
142.1
136.6
121.6
115.1
118.3
120.1
143.7
137.2
122.1
125.5
117.2
119.6
149.5
130.6
120.2
120.1
117.5
119.6
132.9
129.2
123.5
122.5
121.1
123.5
133. 9
133.3
' 127. 6
do
do
do
160.9
165.6
146.2
173.4
179.7
156.1
179.0
186.5
157.6
177.0
184.2
158.5
175.2
181.7
159.1
176.9
183.9
159.5
177.7
183.4
160.0
179.6
185.7
178.2
183.7
180.6
186.7
179.2
185.2
182.5
189.6
183.6
190.8
' 181.9
188.4
do
do
. _ do
142.5
140.3
159.9
155.4
147.4
166.5
156.4
147.1
159.6
156.3
146.5
159.7
158.3
148.8
169.4
158.5
148.8
166.5
159.2
149.1
164.9
158.1
147.8
157.7
156.4
145.2
153.5
156.7
146.0
153.9
157.1
146.7
155.3
156.2
145.8
153.3
Automotive products
do
Autos
do
Auto parts and allied products,. .do
Home goods 9
do
Appliances , T V , and radios
do
Furniture and rugs
do
167.2
182. 6
146.8
154.8
152.3
154.3
163.0
169.5
154.4
168.9
166.6
165.7
146.4
141.7
152.7
168.9
165.0
168.0
150.7
148.6
153.5
166.0
159.3
165.9
168.5
177.8
156.2
170.0
170.2
164.4
162.8
166.7
157.8
169.1
165.3
164.7
162.6
167.3
156.4
166.5
158.4
163.5
147.0
141.3
154.4
165.2
154.0
163.4
135.7
120.5
155.7
162.9
153.7
158.5
144.6
136.5
155.3
160.4
147.1
157.4
151.5
149.6
154.1
157.9
141.7
157.9
Apparel and staples
do
Apparel incl knit goods and shoes do
Consumer staples
do
Processed foods
do
134.1
134.5
134.0
122.2
141.4
139.6
141.8
126.4
143.0
139.1
144.2
127.9
142.3
138.8
143.3
127.9
142.2
139.0
143.2
126.0
143.3
139.8
144.2
127.3
143.7
139.1
145.0
130.1
144.2
139.9
145.4
130.4
143.1
135.8
145.2
129.9
143.3
135.4
145.6
129.6
Beverages and tobacco
do
Drugs, soap and toiletries
do
Newspapers, magazines, books. _ _ do
Consumer fuel and lighting
do
127.2
157.0
127.0
149.4
131.7
174.4
136.6
159.4
134.0
175.4
138.2
165.0
131.0
176.1
136.7
162.5
133.1
178.7
137.9
161.9
133.0
181.3
138.8
162.4
133.7
178.5
139.1
162.0
132.9
179.0
141.5
161.8
134.1
180.3
142.3
160.1
Equipment, including defense 9
do
Business equipment
do
Industrial equipment
do
Commercial equipment _
do
Freight and passenger equipment.. do
Farm equipment
do
147.0
156.7
153.1
164.4
162.4
148.8
172.6
181.2
172.2
190.0
208.5
167.0
176.4
184.4
176.3
194.1
208.1
169.1
177.4
185.7
177.0
194.8
209.2
178.9
178.8
187.2
178.4
195.5
212.7
180.3
179.6
187.5
178.1
196.9
216.9
170.7
181.0
189.3
179.1
196.0
220.3
179.5
180.2
187.4
177.7
196.7
214.5
176.1
do
do
do
do
do
144.2
144.3
166.8
151.9
133.8
157.1
157.4
170.3
180.7
141.6
159.6
160.1
173.6
187.9
140. 2
159.2
159.8
174.0
189.1
139.8
159.9
159.8
176.2
189.7
138.5
159.1
158.5
173.8
191.0
138.5
158.9
156.4
165.4
190.3
138.2
Nondurable materials 9
Business supplies
Containers
General business supplies
do
do
do
do
144.1
136.4
136.6
136.4
156.9
148.9
145.4
150.7
159.1
150.1
143.4
153.4
158.6
150.7
147.4
152.4
159.9
151.6
145.3
154.8
159.9
150.9
147.2
152.8
Business fuel and power 9
Mineral fuels
_
Nonresidential utilities
do
do
do
127.9
115.5
159.4
136.3
122.2
173. 5
138.9
124.9
175.9
138.6
123.7
176.7
138.7
124.9
174.8
mil. $__ 1954,336 11,035,871 86, 995
86, 775
87, 066
44, 487
23, 451
21,036
Rubber and plastics products
Foods and beverages
Food manufactures.
Beverages
Tobacco products
MiningCoal.
Crude oil and natural gas
Crude oil
._ .
Metal mining
Stone and earth minerals
Utilities .
Electric
Gas
.
By market groupings:
Final products, totald"
Consumer goods _ .
Automotive and home goods.
Materialsc? ..
Durable goods materials 9
Consumer durable
Equipment
Construction
_
149.0
137.0
200.1
148
134.1
131. 2
129.0
' 127. 5
117.2
' 130. 8
' 137. 6
105.5
135.8
125.4
114
129
135
'181.5
183.0
156.6
146.6
154.5
' 157. 0 ' 158. 1
' 147. 0 ' 148. 2
' 156. 4 ' 162. 4
156.6
146.2
155
145.8
149.9
140.5
158.5
143.8
157.2
151.4
156.0
145. 3
156.6
138.6
157.3
' 155. 2 '161.3
160.7 ' 163. 7
' 148. 0 158.2
r
157. 2 163.2
155.1
- 143. 3
156.9
' 156. 3
143
134
143.9
135.0
146.5
129.6
143.5
131.9
146.8
130.3
144.1
131.9
147.6
130.2
143.9
132.6
' 147. 1 ' 147. 0
129.5
r 129. 1
133.5
181.0
142.3
162.7
140.4
181.4
143.6
161.4
133.2
181.4
142.5
166.4
136.5
182.1
141.4
168.9
136.3
r 184. 0
180.3
186.6
176.8
199.8
215.0
162.6
179.6
184.4
174.1
199.1
211.7
162.8
179.4
183.8
173.0
200.7
210.4
160.4
178.5
182.1
169.1
200.8
211.7
167.6
178.1
181.2
169.0
200.5
208.9
162.5
' 178. 4 '
' 180. 8 '
' 169. 0
' 201. 1
210.2
148.6
179. 1
180. 7
167.7
202.6
211.0
179.4
180
158.0
153.9
154.6
190.6
138.9
156.2
151.9
148.4
186.5
139.2
155.8
152.2
145.1
185.6
140.4
155.8
151.3
143.0
183.2
139.2
155.0
150.5
149.7
180.9
137.1
155.0
149.3
151.0
179.6
136.5
' 156. 1 ' 157. 1
' 149. 6 ' 150. 7
142.6
' 141.8
184.0
'181.2
' 138. 0 138.0
155.7
147
161.4
153.0
151.1
154.0
161.7
153.4
146.5
156.8
160.5
152.1
147.1
154.6
159.4
151.1
144.6
154.4
160.4
152.6
148.5
154.6
159.7
150.1
146.2
152.0
160.9
151.9
145.2
155.3
'162.4 ' 163.8
151.7
'151.0
142.1
' 141.6
' 155. 7 156.5
164
138.0
123.1
175.7
139.7
125.1
177.5
140.1
124.7
179.7
139.3
123.5
179.3
139.7
123:3
181.5
141.4
125. 5
182. 1
140.4
124.3
181.3
143.0
127.8
181.9
' 146. 7 ' 148. 2
' 134. 6 ' 136. 9
179.8
147
135
86, 699
87, 875
87, 386
86,299
87, 458
86, 833
87,611
88, 549 '88,935
89, 329
44, 393
23,237
21,156
45, 511
23, 715
21, 796
44, 460
23, 060
21, 400
43, 932
22, 622
21,310
44, 866
23, 137
21, 729
43, 943
22, 269
21, 674
44, 945
22, 900
22, 045
44, 888 '45,346
23, 052 '23,136
21,836 '22,210
45, 475
23, 454
22,021
122.6
' 128. 7
133.2
'119.7
' 133. 7
147
181.0
141.8
r 142. 1
167.0
BUSINESS SALES AND INVENTORIES §
Mfg. and trade sales (seas, adj.), totalft
Manufacturing, total.. __
Durable goods industries
Nondurable goods industries
do
do
__ do
1483,343 1528,448
252, 242 276, 069
231, 101 252, 379
44, 206
22, 874
21, 332
44, 091
22,971
21, 120
Retail trade, totalf
Durable goods stores __
Nondurable goods stores
1283,852 1303,672
do
do
93, 718
97,812
do... 190, 134 205, 860
25, 572
8,358
17,214
25, 703
8,394
17, 309
25, 550
8,276
17, 274
25, 610
8,143
17,467
25, 368
8,156
17, 212
25, 687
8,200
17, 487
25, 470
7,955
17, 515
25, 739
8,150
17, 589
25,918
8,104
17,814
25, 897
8,187
17,710
26, 544 '26,444 26, 558
8,546 ' 8, 592 8, 542
17,998 '17,852 18, 016
Merchant wholesalers , total?
Durable goods establishments..
Nondurable goods establishments
do.
1187,141 1203,751
do
82, 691
91, 026
do... 104, 450 112, 724
17,217
7,737
9,480
16, 981
7,514
9,467
17, 029
7,574
9, 455
16, 696
7,372
9,324
16, 996
7,539
9,457
17, 239
7,501
9,738
16, 897
7,488
9,409
16, 853
7,350
9,503
16,972
7,292
9,680
16, 769
7,246
9,523
17,117 '17,145
7,495 ' 7, 503
9,622 ' 9, 642
Mfg. and trade inventories, book value, end of year
or month (seas, adj.), total?
mil $
Manufacturing, total
Durable goods industries
Nondurable goods industries
Retail trade , totalf
Durable goods stores
Nondurable goods stores... ..
Merchant wholesalers, total?
Durable goods establishments
Nondurable goods establishments
do
do
do.
do
do
do
do
do.
do.
120,896
68,015
42, 324
25, 691
34, 607
15,194
19,413
18, 274
10, 575
7,699
i Based on unadjusted data.
135, 549
130,043 130,839 132, 392 133,856 135,549
77, 897 74,110 74, 884 75, 788
50, 037 46, 814 47, 568 48, 352
27, 860 27, 296 27, 316 27, 436
36, 961 36, 191 36, 355 36,680
16, 536 16, 079 16, 241 16,496
20, 425 20. 1 1 2 20, 114 20, 184
20, 691 19,742 19, 600 19,924
12,112 11,577 11,435 11,722
8,165
8,203
8, 165
8,579
tf See corresponding note
' Revised.
p Preliminary.
on p. S-3.
9 Includes data for items not shown separately.
§The term "business" here includes only manufacturing and trade; business inventories
as -shown on p. S-l cover data for all types of producers, both farm and nonfarm. Unad-
17,296
7,590
9,706
136,590 136,780 137,093 137,351 137, 428 137,076 '137,405 137, 785
76, 896 77, 897 78, 886 79, 394 79, 708 80,330 80, 578 80, 390 '80,897 81,365
49, 310 50, 037 50, 620 51, 079 51,216 51, 593 51, 784 51,809 '52,346 52, 847
27, 586 27, 860 28, 266 28,315 28, 492 28, 737 28, 794 28, 581 '28,551 28, 518
36, 734 36, 961 36, 924 36. 644 36, 526 36,236 36, 263 36, 087 35, 997 35, 947
16, 581 16, 536 16, 491 16,315 16, 142 16,033 15, 904 15,661 15, 549 15, 422
20, 153 20, 425 20, 433 20, 329 20, 384 20,203 20, 359 20, 426 20, 448 20, 525
20, 473
20, 226 20, 691 20, 780 20, 742 20, 859 20, 785 20, 587 -•20,599 '20,511 11,894
11,835 12,112 12, 140 12, 096 12, 105 12, 162 11,989 '11,981 r 12, 038
8, 579
' 8, 473
8,598 8,618
8,754
8, 623
8,646
8,640
8,579
8,390
justed data for manufacturing are shown on p. S-5; those for retail trade on p. S-ll.
tSee corresponding note on p. S-ll.
,
? Re vised series. The panel of reporters in the Census Bureau wholesale sample has Deer
updated to reflect information from the 1963 Census of Wholesale Trade; comparable date
prior to Sept. 1965 appear on pp. 26 ff. of the Nov. 1966 SURVEY.
S-5
SURVEY OF CURRENT BUSINESS
October 1967
Jnless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
Annual
1967
1966
1966
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES— Con.
nventory-sales ratios:
Manufacturing and trade, totalft
ratio
1.49
1.51
1.52
1.54
1.54
1.56
1.58
1.57
1.58
1.57
1.55
'1.55
1.54
1.64
1.98
.59
.87
.52
1.68
2.05
.61
.90
.53
1.70
2.07
.62
.91
.54
1.70
2.06
.62
.91
.53
1.73
2.12
.63
.94
.55
1.71
2.11
.62
.94
.55
1.77
2.20
.65
.98
.57
1.81
2.26
.66
1.02
.59
1.78
2.21
.64
1.00
.58
1.83
2.32
.66
1.05
.60
1.79
2.26
.64
1.03
.59
1.79
2.25
.63
1.03
.59
'1.78
2.26
.63
1.04
.59
1.79
2.25
.62
1.04
.59
1.29
.50
.19
.60
1.28
.49
.19
.59
1.28
.50
.19
.59
1.29
.50
.20
.60
1.30
.50
.20
.60
1.30
.49
.20
.60
1.28
.48
.20
.60
1.32
.50
.20
.62
1.33
.50
.20
.63
1.31
.49
.20
.62
1.33
.49
.20
.63
1.31
.49
.20
.62
1.31
.49
.20
.61
1.29
.48
.20
.61
1.30
.49
.20
.61
do
do
do
Retail trade, totalt
Durable goods stores
Nondurable goods stores
1.48
1.61
1.91
.59
.80
.52
do
do
do
do
Nondurable goods industries
Materials and supplies
Work in process
Finished goods
1.46
do
do
do
do
do
Manufacturing, total
Durable goods industries
Materials and supplies
Work in process
Finished goods
1.40
1.86
1.17
1.42
1.97
1.16
1.42
1.92
1.17
1.41
1.93
1.16
1.44
1.99
1.17
1.43
2.04
1.15
1.46
2.03
1.19
1.44
2.01
1.17
1.44
2.05
1.16
1.42
1.98
1.16
1.40
1.98
1.13
1.40
1.94
1.15
1.36
1.83
1.13
1.36
1.81
1.15
1.35
1.81
1.14
1.14
1.49
.87
1.14
1.49
.85
1.15
1.50
.86
1.15
1.52
.86
1.17
1.55
.87
1.21
1.61
.90
1.22
1.61
.91
1.21
1.62
.89
1.23
1.62
.92
1.24
1.65
.92
1.22
1.67
.89
1.23
1.65
.90
rl.20
r
1.60
.90
1.20
1.60
'.88
1.18
1.57
.88
11, 437
Merchant wholesalers totalt
do
Durable goods establishments
do
Nondurable goods establishments
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sales:
Durable goods industries (unadj.), totaL-.mil. $._
881
990
1,003
1,016
1,114
963
1,016
1,201
1,053
1,123
1,098
'935
984
do
483, 343
528, 448 43, 109
46, 170
46, 326
44,711
43, 501
41, 626
44,808
46, 033
45, 256
45, 136
46, 980
40,864
44,334
do
do
do
do
do
252, 242
11, 753
41, 910
22, 916
24, 292
276, 069
11,929
45, 651
23, 707
26, 024
21,432 23, 753
1,074
1,075
3,954
3,790
2,067
2,007
2,341
2,263
24,158
1,075
3,851
1,981
2,232
23,425
959
3, 731
1,901
2,142
22, 982
877
3,575
1,772
2,094
21, 395
835
3,632
1,889
1,918
23,062
864
3,748
1,876
2,121
23, 946
928
3,732
1,923
2,187
23,342
959
3,681
1,892
2,116
23, 528
998
3,613
1,877
2,168
24, 778 20, 256
1,051
'943
3,717 r 3, 105
1, 885 '1,621
2,276
1,939
22, 043
1,076
3,391
1,799
2,226
Machinery except electrical
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments and related products
do
do
do
do
do
36, 490
33, 593
68, 039
45, 412
8,347
40, 204
39, 852
73, 460
46, 470
9,806
3,162
3,315
4,437
2,179
817
3,406
3,668
5,857
3,574
892
3,465
3,641
6,537
4,250
874
3,270
3,540
6,585
4,250
880
3,449
3.449
6,477
4,017
917
3,169
3,149
5,822
3,713
740
3,626
3,419
6,086
3,653
806
3,752
3,500
6,505
3,888
851
3,733
3,177
6,401
3,915
829
3,647
3,196
6,609
4,085
865
Nondurable goods industries total 9
Food and kindred products
Tobacco products
Textile mill productscf
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
do
do
do
do
do
do
do
do
231, 101
80, 678
4,864
19, 318
19, 385
36, 030
19, 178
11, 653
252, 379
87, 761
5,104
20, 407
21,770
38, 676
20, 517
12, 752
21,677
7,411
447
1,791
1,926
3,187
1,743
1,042
22, 417
7,787
440
1,845
1,927
3,375
1,743
1,078
22, 168
7,546
418
21,286
7, 354
433
20, 519
7,348
417
20, 231
7,085
384
21,746
7,490
398
22, 087
7,571
408
21,914
7,466
425
21, 608
7,629
411
1,908
3,313
1,794
1,109
1,860
3,077
1,733
1, 008
1,782
2,933
1,753
1,039
1,787
3,148
1,704
1,009
1,891
3,342
1,745
1,086
1,928
3,457
1,739
1,138
1,839
3,648
1,759
1,133
1,846
3,503
1,746
1,136
1,891
3,564
1,822
1,164
' 1, 703
' 3, 283
'1,811
' 1, 010
1,906
3,566
1,815
1,108
shipments (not seas adj ) total
Durable goods industries total 9
Stone clay, and glass products
Primary metals
Blast furnaces, steel mills
Fabricated metal products
Shipments (seas, adj.), total
By industry group:
Durable goods industries, total 9
Stone, clay, and glass products
Primary metals __
_
Blast furnaces, steel mills
Fabricated metal products _ -
9,941
3,869
3,531
6,891
4,178
929
' 3, 272 3,440
' 3, 028 3,317
5,081
' 4, 844
2,532
' 2, 458
931
'832
22, 202 20, 608
7,811 ' 7, 352
471
'447
22,291
7,606
452
44,206
44, 091
44, 487
44,393
45,511
44,460
43,932
44, 866
43,943
44,945
44, 888
45,346
45, 475
22, 874
951
3,922
2,036
2,130
do
do
do
do
._ _ _do__
do
22,971
980
3,919
2,039
2,201
23, 451
971
3,839
1,996
2,098
23,237
979
3,812
1,983
2,180
23, 715
1,068
3,893
1,982
2,267
23, 060
1,061
3,758
1,920
2,135
22,622
1,013
3,618
1,802
2,214
23, 137
1,020
3,517
1,787
2,272
22, 269
927
3,439
1,742
2,080
22,900
914
3, 434
1,791
2,092
23, 052 23,136
923
'897
3,462 ' 3, 581
1,755 '1,905
2,093
2,068
23, 454
954
3,510
1,825
2,094
Machinery, except electrical
Electrical machinery
Transportation equipment.
Motor vehicles and parts...
Instruments and related products
do
do___
do
do
do
3,364
3,377
5,915
3,550
851
3,422
3,413
5,845
3,569
833
3,559
3,445
6,389
4,033
847
3,468
3,386
6,226
3, S53
856
3,583
3,389
6,268
3,899
845
3,492
3,463
5,881
3,568
834
3,485
3,336
5,686
3,385
805
3,489
3,435
6,061
3,529
845
3,453
3,222
5,912
3,557
836
3,455
3,323
6,380
3,875
876
3,517 ' 3, 587
3,358 ' 3, 468
6,465 r 6, 116
3,896 ' 3, 505
878
'933
3,677
3,382
6,495
3,830
969
Nondurable goods industries, total 9
Food and kindred products _ _
Tobacco products
Textile mill products cf
Paper and allied products
Chemicals and allied products
Petroleum and coal products.
Rubber and plastics products
do__.
do
do
do
do__
_do _
do
do
21,332
7,476
425
1,725
1,878
3,203
1,718
1,064
21,120
7,360
430
1,688
1,843
3,170
1,728
1,043
21, 036
7,220
418
21,156
7, 334
416
21,796
7,672
426
21, 400
7,381
424
21,310
7,370
420
21, 729
7,562
428
21, 674
7,549
438
22, 045
7,728
400
21, 836 '22,210
7,634 r 7, 611
441
'431
22, 021
7,666
430
1,841
3,219
1,781
1,029
1,878
3,191
1, 739
1,036
1,903
3,286
1,719
1,111
1,880
3,297
1,688
1,079
1,856
3, 325
1,722
1,075
1,878
3,378
1,789
1,106
1,808
3, 388
1,792
1,087
1,851
3,331
1,797
1,124
1,803
3,432
1,811
1,085
' 1, 879
'3,616
' 1, 838
'1,126
3,626
1,789
1,132
2 49, 609
2110,451
2
67, 889
2 52, 045
2 38, 977
2209,477
4,146
9,373
5,731
4,031
3,165
17,760
4,162
9,337
5,753
4,054
3, 205
17, 580
4,162
9,138
5,943
4, 494
3,086
17,664
4,196
9,263
5, 797
4,355
3,146
17,636
4,226
9,597
5, 946
4,399
3, 211
18, 132
4,185
9,344
5, 718
4,052
3,264
17, 897
4,128
9,346
5, 703
3,844
3,253
17,658
4,247
9,532
6,000
4,004
3,297
17, 786
4,078
9,555
5,816
4,005
3,039
17,450
4,222
9,684
5,925
4,324
3,023
17, 767
4,174
9,608
6,026
4,360
3,006
17, 714
' 4, 161
' 9, 659
' 6, 163
' 3, 943
' 2, 979
'18,441
3,994
9,683
6,257
4,309
3,083
18, 149
2 19, 283 221,212
2 27, 965 2 33, 240
2 47, 115 2 53, 220
1,760
2,849
4,510
1,760
2,822
4,559
1,788
2, 888
4,648
1,803
2,864
4,546
1,822
2,909
4,589
1,810
2,876
4,615
1,777
2,897
4,562
1,863
3,135
4,630
1,719
2,988
4,524
1,763
3,162
4,538
1,796
3,145
4,644
1,855
'3,218
' 4, 776
1,822
3,262
4,769
73,770
46,680
27,090
74,417
47,319
27, 098
75, 297
47,993
27, 304
76,383
48,764
27,619
77, 392
49, 432
27, 960
78, 881
50, 433
28, 448
79,817
51,274
28,543
80, 162
51, 580
28, 582
80, 817
52, 107
28, 710
81,267
52,558
28, 709
80, 913 '80,628
52, 346 '52,194
28, 567 ' 28, 434
81, 005
52, 694
28,311
By market category:
Home goods and apparel
do
Consumer staples
do
Equipment and defense prod., excl. auto.do
Automotive equipment
do
Construction materials and supplies
do
Other materials and supplies
do
Supplementary market categories:
Consumer durables
do
Defense products
do
Machinery and equipment
do
Inventories, end of year or month:
Book value (unadjusted) total
Durable goods industries total
Nondurable goods industries total
Book value (seasonally adjusted) total
By industry group:
Durable goods industries, total 9
Stone, clay, and glass products
Primary metals
Blast furnaces steel mills
Fabricated metal products
Machinery except electrical
Electrical machinery
Transportation equipment
Motor vehicles and parts
2 44, 909
2101,305
2 60, 300
2 50, 403
2 37, 543
2 188, 883
do
do
do
67, 620
41, 831
25, 789
77, 392
49, 432
27, 960
do
68, 015
77, 897
74, 110
74, 884
75, 788
76,896
77, 897
78, 886
79,394
79, 708
80,330
80, 578
80, 390 '80,897
81,365
do
do
do
do
do
42, 324
1,626
6,349
3,678
4,856
50, 037
1,746
7,109
4,043
5,314
46,814
1,698
6,902
3,966
4,916
47, 568
1,675
6,908
3,993
5,048
48, 352
1,703
6,971
4,048
5,109
49,310
1,722
7,057
4,077
5, 214
50, 037
1,746
7,109
4,043
5,314
50, 620
1,772
7,140
4,088
5,272
51,079
1,787
7,174
4,137
5,295
51,216
1,794
7,213
4,128
5,273
51, 593
1,819
7,338
4,204
5,269
51, 784
1,842
7,451
4,243
5,229
51, 809
1,847
7,478
4,242
5,162
'52, 346
' 1, 835
' 7, 495
4,257
' 5, 142
52,847
1,814
7,476
4,270
5,238
do
do
do
do
8,508
6,093
8,930
3.318
9,942
7,653
11,369
3. 538
9,329
6,998
10,399
3.537
9,536
7,205
10,557
3.489
9,665
7,383
1 0, 780
3,518
9,852
7. 580
11,091
3.553
9,942
7,653
11,369
3,538
10, 029
7,799
11,717
3,608
10,117
7,857
11,921
3,640
10, 152
7,825
12, 004
3.533
10, 173
7,783
12, 164
3,454
10, 234
7,755
12, 184
3,398
10, 275
7,682
12, 236
3,302
'10,313
' 7, 730
'12,706
' 3, 568
10,374
7,775
13, 047
3,734
2
' Revised.
1 Advance estimate.
Based on data not seasonally adjusted.
tSee corresponding note on p. S-ll.
9 Includes data for items not shown separately.
cfBeginning 4th qtr. 1966, data for the textile mill products series are withheld pending
investigation and revision.
JSee corresponding note on p. S-4.
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1967
1966
1966
Annual
October 196'
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Inventories, end of year or month— Continued
Book value (seasonally adjusted)— Continued
By industry group— Continued
Durable goods industries— Continued
By stage of fabrication:
Materials and supplies 9
mil $
Primary metals
do
Machinery (elec. and nonelec.) do
Transportation equipment
do
Work in process9
do
Primary metals
do
Machinery (elec. and nonelec. )__ .do
Transportation equipment
do
Finished goods 9
do
Primary metals
._
do
Machinery (elec. and nonelec.) do
Transportation equipmentdo
7 284
12 777
2 006
4 795
1 339
7,791
14 802
2 603
4 877
2 477
22, 263
9 477
7,853
7 519
I 9 979
2 029
4 865
1 380
14 880
2 640
4,937
2 499
22, 643
2 455
7,911
7 852
13, 097
2,045
4 980
1,366
14 856
2,638
4,910
2 519
22, 967
2,489
7,949
8 028
13, 256
2,047
5,115
1,374
14, 748
2,642
4,859
2,425
23, 140
2,470
7,981
8,220
13, 328
2,101
5,137
1,359
14, 721
2,705
4,781
2,363
23,423
2,510
7,987
8,439
13,449
2,123
5,188
1,362
14, 576
2,706
4,719
2,343
23, 592
2,607
8,014
8,442
13,616
2,138
5,256
1,399
14, 485 -14, 536
2,693 -2, 668
4,664 '4, 728
2,331 -2, 382
23, 704 '24, 139
2,704
2, 646
8,065 '8, 056
8,488 '8, 922
13, 620 ••13, 671
2, 139 -2, 123
5, 228 -5, 259
1,417 -1,402
14, 522
2,630
4,692
2,405
24, 448
2,724
8,082
9,161
13,877
2,122
5,375
1,481
27, 9
436
6 84
•> 340
27, 586
6,383
2 307
27, 860
6 394
9 343
28, 266
6,593
2 336
28, 315
6,594
2,376
28, 492
6,669
2,389
28,737
6,756
2,383
28, 794
6,737
2,377
28, 581 -28 , 551
6,634 -6, 662
2,373
2, 380
28, 518
6,474
2,355
9 914
4 937
1 819
1 386
2 230
5 000
1,835
1 422
271
039
869
409
2 265
5 145
1,930
1 444
2,272
5,175
1,925
1,427
2,286
5,203
1,915
1,446
2,300
5,290
1,950
1,453
2,305
5,412
1,960
1,428
-2,310
-5, 383
-1,935
-1, 402
2,312
5,367
1,939
1,393
10 579
4 169
12 568
10 549
4 251
I 9 643
10 571
4 253
12 762
10 501
4 333
13 026
10 609
4,349
13 308
10, 553
4,349
13 413
10,637
4,355
13, 500
10,712
4,346
13,679
10, 767
4,366
13, 661
10, 778 -10, 661
4,421 -4, 362
13, 382 -13, 528
10, 742
4,385
13,391
7,768
10 313
16 709
4, 293
6 267
28, 760
7,893
10 247
17 125
4,253
6 298
29 068
8
10
17
4
6
29
OO9
313
457
9
98
9
80
338
8 083
10 415
17 877
4,354
6 442
29 725
8
10
18
4
6
30
190
476
166
358
537
170
8,335
10 698
18 495
4,424
6 493
30, 441
8,356
10, 730
18, 750
4,450
6,512
30, 596
8,327
10, 861
19, 009
4,343
6,491
30, 677
8,306
10,977
19,303
4,263
6,541
30,940
8,263
10, 994
19, 481
4,171
6,504
31, 165
8,085 -8, 033
10, 922 -10, 946
19, 646 -19, 892
4,060 -4, 297
6,491 -6, 433
31, 186 -31, 296
8,212
10, 692
20, 070
4,474
6,418
31,499
4,189
8,732
12, 592
3,831
7 736
11,818
3 922
7 925
12,096
4 035
8 189
12 998
4 148
8 465
12 471
4,189
8,732
12, 592
4,311
8 990
12,719
4,328
9,193
12, 801
4,286
9,405
12, 830
4,253
9,615
12,873
4,276
9,744
12,903
4,228
4,232
9,839 -10, 094
13, 016 -13, 037
4,288
10, 235
13,112
542, 179
289, 836
252, 343
43, 805
22, 244
21, 561
48 083
25,810
22,273
46 649
24 518
99 131
43 927
22 738
21, 189
43, 377
22, 949
20, 428
41 779
21, 562
20, 217
44, 802
23, 117
21, 685
45, 214
23, 204
22, 010
45,091
23,157
21,934
45, 199
23,600
21, 599
47, 976 -42, 093
25, 830 -21,430
22, 146 -20, 663
44, 517
22, 133
22, 384
2492, 272 2542,179
44, 842
46,318
45 243
44, 052
45, 845
43, 408
43, 527
43, 700
43,849
45, 738
46, 087 -45, 921
45, 559
260, 732
41,017
21,378
24, 914
38, 434
35, 292
72, 973
22, 044
289, 836
46, 879
24, 285
26, 743
42, 677
42, 269
79, 861
27, 503
23, 512
3 792
1,906
2,128
3, 774
3,603
5,986
2 072
25,274
4 047
2,166
2,106
3 715
3,676
7,561
3 403
94 944
3 817
1 881
9
231
3 647
3 579
6 860
2 937
23, 027
3 588
1,834
2,275
3 675
3,507
5,714
1 679
23, 960
3,677
1,737
2, 403
3,582
3,358
6,540
2 410
22, 072
3 315
1,495
2,049
3,391
3,552
5,577
1 833
22, 329
3,427
1,805
2,224
3,266
3,362
5,799
2,291
22, 065
3,013
1,434
2,247
3,351
3,273
5,911
2,207
22,226
3,236
1,701
2,136
3,429
3,196
6,140
2,228
23, 857
3,606
2,020
2,106
3,497
3,250
7,209
2,763
24, 263 -23, 659
3,591 -3, 646
1, 886 -1,994
2,108 -1,979
3, 590 -3, 564
3,455 -3, 579
7,327 -6, 641
3, 067 -2, 469
23, 358
3,455
1,782
2,258
3,968
3,512
5,811
1,616
do
231,540
do. __ 63, 458
do
168, 082
252, 343
69, 463
182, 880
21,330
5,938
15,392
21,044
5,792
15,252
90 999
5 8"
15 177
21 025
5, 799
15, 226
21 885
6,091
15 794
21, 336
5,934
15,402
21, 198
5,750
15, 448
21,635
5,824
15,811
21,623
5,840
15,783
21,881
5,948
15, 933
21, 824 -22, 262
5 873 -6, 198
15, 951 -16, 064
22, 201
6,260
15,941
4
9
6
4
3
17
178
131
584
594
173
583
4,124
9 260
5, 543
4 184
3 200
17, 741
4,207
9,597
6,607
4,200
3,373
17,861
4,175
9,344
5,192
3,851
3 177
17, 669
4,059
9,348
5, 756
3,610
3,307
17, 447
4,148
9,529
5,760
3,830
3 293
17, 140
4,053
9,555
5,685
3,962
3,099
17,495
4,151
9,685
6,560
4,503
2,991
17, 848
4, 183 -4, 139
9, 614 -9, 663
7, 047 -6, 230
4,333 -4, 021
2,976 -2, 951
17, 934 -18,917
4,073
9,687
6,191
4,231
3,238
18, 139
-1,814
-3, 641
-4, 853
1,869
2,663
5,047
80, 268
76, 998
3,270
14 802
2,603
4,877
2,477
22, 263
2 477
7,853
7 512
12 972
2, 029
4 865
1,380
13 997
2 495
4 529
2 363
20, 698
2 501
7,356
6 771
12 119
1 906
4 442
1 265
14 309
2 486
4,673
2 452
20,949
2 450
7,489
6 847
12 310
1 970
4 579
1 258
14 465
2 505
4 785
2 449
21,446
2 504
7,628
7 030
I 9 441
1 %9
4 535
1 301
25, 691
6,034
2 371
3 130
1 965
4 335
1,756
1 279
27, 860
6,394
2 343
2 271
5 039
1,869
1 402
27, 296
6,361
2 350
3 348
2 171
4,819
1,829
1 364
27,316
6,274
2 339
3 322
2 194
4 880
1,813
1 368
9 964
3,862
11 865
10 501
4 333
13 026
10 615
4,126
12 555
7,021
9 844
14 835
4,032
6 054
26 229
8,190
10,476
18. 166
4,358
6,537
30, 170
3 287
6 388
10 701
do
492 272
. do
260, 732
do _ . 231, 540
Nondurable goods industries, total 9 - -do
Food and kindred products .
do
Tobacco products
do
Textile mill products cf
do
Paper and allied products
do
Chemicals and allied products .. do.
Petroleum and coal products
do
Rubber and plastics products
do
By stage of fabrication:
Materials and supplies
do
Work in process. __
do
Finished goods
_
do
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 market categories:
Consumer durables _
do
Defense products
do
Machinery and equipment
_
do
New orders, net (not seas. adj.), total
Durable goods industries, total.. .
Nondurable goods industries, total
New orders, net (seas, adj.), total
...
By industry group:
Durable goods industries, total 9-Primary metals
Blast furnaces, steel mills . . _ _
Fabricated metal products
Machinery, except electrical
Electrical machinery..
_ _ _ _
Transportation equipment. .
Aircraft and parts
Nondurable goods industries, total
Industries with unfilled orders 0
Industries without unfilled orders! _
By market category:
Home goods and apparel. . . .
Consumer staples
Equip, and defense prod., excl. auto
Automotive equipment _
_
Construction materials and supplies
Other materials and supplies.
Supplementary market categories:
Consumer durables
Defense products
._ ...
Machinery and equipment -.
12 943
do
do.
do
do
do..
do
do _
do
do
2 388
3 816
2 278
18, 109
2 130
6,699
5 465
11 272
1 831
4 086
1 187
14 599
2 548
4 846
2 468
21, 934
9 503
2
5
1
1
2, 310
5, 381
1,918
1,415
do
do
do _
do
do
_ do. _
45, 057
101,315
65,081
51, 053
38 058
191,708
49, 710
110,454
75,275
52, 058
39, 413
215,269
4,149
9,373
5,891
4,027
3, 156
18, 246
4,184
9 330
7,751
4,126
3 073
17,854
do
do.
do
19 449
32, 534
49, 679
21,318
40, 469
56,770
1,749
3,155
4,813
1 758
4,671
4 906
1 894
3 308
4 816
1 764
2,727
4 647
1,786
3,359
4,603
1 826
2,846
4,545
1,698
3,330
4,242
1 748
3,235
4 315
1,712
3,273
4,443
1,728
3,865
4,607
Unfilled orders, end of year or month (unadjusted),
total ...
mil. $
Durable goods industries, total..
do. _
Nondur. goods indus. with unfilled orders©, do. __
64,896
61,543
3,353
78, 630
75,315
3,315
77, 300
73, 615
3,685
79,213
75,673
3,540
79 537
76 033
3, 504
78 753
75, 346
3,407
78,630
75, 315
3,315
78, 787
75, 485
3,302
78, 777
75, 536
3,241
77 959
74, 795
3,164
77,794
74,609
3,185
77, 856
74, 679
3,177
78, 854 -80, 085
75, 732 -76, 908
3, 122 -3, 177
Unfilled orders, end of year or month (seasonally
adjusted), total
_.
mil. $
By industry group:
Durable goods industries, total 9
do
Primary metals
do
Blast furnaces, steel mills
do
Fabricated metal products
._
do _
Machinery, except electrical
do
Electrical machinery.. . . .
do
Transportation equipment
_do.
Aircraft and parts
do
66, 068
79,917
76, 942
79,170
79 993
79, 581
79, 917
78, 863
78, 455
77 290
77,194
77, 988
79, 188 -79, 764
79, 850
62, 534
5,646
2,730
5,467
10,304
9,830
25, 993
19,781
76,415
6,909
3, 305
6,221
12, 816
12, 279
32, 350
26,056
73, 286
7 244
3,686
5,952
12 230
11, 793
30, 402
23, 649
75,591
7 372
3 813
5,856
12 524
12,056
32,119
25 274
12 189
32 590
25 673
76, 170
7 125
3 550
6,084
12 818
12 310
32, 078
25 513
76,415
6 909
3,305
6,221
12,816
12, 279
32, 350
26 056
75, 427
6 466
2,880
6,135
12 716
12, 368
32, 046
26,061
75, 131
6 274
2,882
6,144
12 497
12, 394
32, 158
26, 505
74
5
2
6
12
12
32
26
060
771
529
119
359
232
009
649
74,016
5,569
2,487
6,176
12,335
12,206
32,237
26,971
74, 973
5,741
2,716
6,189
12 376
12, 133
33, 066
27, 667
76, 185
5 870
2 847
6, 205
12 449
12 230
33, 929
28 646
-76, 710
-5 935
2,936
-6, 116
-12 426
-12, 341
-34, 453
-29, 024
76, 615
5,880
2,893
6,280
12,717
12, 472
33, 769
28, 447
Nondur. goods indust.with unfilled orders©.do
3,534
3,502
3,656
3,579
3,541
3,411
3,502
3,436
3,324
3,230
3, 178
3,015
3,003
-3, 054
3,235
2,247
41,740
6,330
29 264
2,230
42, 205
6,493
28, 989
2,219
41,479
6,405
28, 760
2,154
41, 297
6,457
28 547
2,050
40, 886
6 454
27 900
2,027
40,709
6,513
27,945
1,957
41,522
6,482
28,027
1,971 -1, 954
42, 517 -42, 662
6,450 -6, 424
28 250 -28, 724
2,037
42, 519
6,578
28, 716
1 740
31 316
19! 602
1,704
31 765
19, 614
1,720
31 735
19, 545
1 644
32 167
19. 224
1 526
32 268
18. 909
1 520
32 552
18.830
1 485
33 253
is! 898
1 519 -1 479
34 309 -34 732
19. 047 -19. 124
1,524
34 133
19. 404
76
7
3
5
382
350
698
989
19 611
By market category:
2,124
Home goods, apparel, consumer staples do
2, 230
2,295
2,324
2,313
Equip, and defense prod. , incl. auto
do
34, 732
42, 205 39, 354 41,426 42,165
6,041
Construction materials and supplies
do_
6,493
6,320
6.274
6,188
Other materials and supplies _
do
23, 171
28, 989 28, 973 29 243 29 160
Supplementary market categories:
Consumer durables
do
1,601
1,704
1,744
1 780
1 744
Defense products
do
24, 587
31 765 29 184 31 033 31 453
Machinery and equipment
do
16,000
19,614 18. 986 19.333 19. 499
- Revised.
i Advance estimate.
• Data for total and components (incl. market
categories) are based on new orders not seasonally adjusted.
9 Includes data for items not shown separately.
cf See corresponding note on p. S-5.
©Includes textile mill products, leather and products, paper and allied products, and printing
1 829
4, 201
4,794
and publishing industries; unfilled orders for other nondurable goods industries are zero.
f[For these industries (food and kindred products, tobacco products, apparel and related
products, petroleum and coal products, chemicals and allied products, and rubber and plastics
products) sales are considered equal to new orders.
SURVEY OF CURRENT BUSINESS
October 1967
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
S-7
1967
1966
Annual
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS INCORPORATIONS^
1
New incorporations (50 States and Dist. Col.):
Unadjusted
number
Seasonally adjusted©
_
do
INDUSTRIAL AND COMMERCIAL
FAILURES^
number
Failures, total
Commercial service
Construction...
Manufacturing and mining
Retail trade __
Wholesale trade..
Liabilities (current), total.
do
do
do _
do
_ do
_
__
. _
_ _
Commercial service
Construction...
Manufacturing and mining
Retail trade.. _ _ _
Wholesale trade
thous. $
_ _
do
do
do. _
do
do
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns. _
203 897
200 010
16 149
16,343
14 528
15,764
15 241
16233
13 982
16 206
16 467
16 583
18 714
16 703
15 225
15* 987
19 036
16 244
16 511
16 760
18, 700
17, 627
18, 591
17, 799
15,415
16, 072
17, 621
17, 678
13 514
13 061
1 249
1 042
1 150
1 112
1 055
1 191
1 216
1 216
1 160
1 100
1,047
843
1 017
1 299
2 513
2,097
6 250
1 355
1 368
2,510
1,852
6,076
1,255
112
276
191
567
103
123
195
159
470
95
138
213
154
542
103
127
214
145
526
100
111
219
157
454
114
113
223
171
558
126
152
236
160
555
113
128
111
190
557
114
125
238
149
519
129
119
193
157
515
116
105
180
163
500
99
82
132
129
405
95
98
159
172
490
98
1,321 666 1,385,659 178 088 129 162 108 046 106 732 161 481 108 172 113 450 119 322 103 817
248
290
350
287
144
523
980
324
478
361
185 202
326, 376
352, 861
344 346
176, 874
38 358
33 193
43, 497
30 488
32 552
14 435
24 513
50,411
23 928
15 875
153.3
151.6
60.8
56.6
8
24
34
26
14
230
399
992
043
382
57.2
6
24
33
27
14
161
523
768
343
937
55.6
11
67
29
38
14
12
25
32
32
10
746
050
325
887
442
654
110
338
631
748
8 044
19 361
32 818
27 301
20 648
52.4
54.9
57.1
93 370 104 643
72 551 108 901
767
058
489
367
136
10 280
16, 046
26,912
26 307
13 825
6 896
26, 912
26,062
27 931
16, 842
4 690
16 191
27, 100
17 062
7 508
Y> 310
12, 758
33, 294
37 861
12 678
49.7
52.1
48.6
48.6
43.2
49.3
252
221
255
227
257
225
256
224
10
38
29
32
8
086
928
321
652
335
9
29
27
25
12
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS
Prices received, all farm products!
1910-14=100..
Crops? .
do
Commercial vegetables
_
do
Cotton
do
Feed grains and hay
do
Food grains.
do
Fruit
do
Tobacco
do
Livestock and products 9-.do
Dairy products.
_ _
do
Meat animals
do
Poultry and eggs
do
Prices paid:
All commodities and services
do
Family living items
. ..do
Production items
. . .
do
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14 = 100..
Parity ratio§
do
248
234
271
239
266
235
270
235
262
245
288
215
174
164
286
179
268
179
181
185
188
199
266
233
190
198
268
190
184
188
259
230
257
229
255
225
252
223
245
223
183
189
291
186
250
224
288
168
280
175
276
173
305
173
187
191
186
187
184
179
186
189
183
185
293
185
276
167
183
188
322
169
326
178
184
179
178
167
277
186
166
169
252
217
242
180
167
167
266
537
283
31°
344
133
247
513
261
261
319
145
243
553
292
293
356
161
238
564
300
304
366
163
254
567
300
320
355
167
273
560
293
326
343
160
226
557
284
324
324
163
205
562
281
320
323
158
206
556
281
311
330
199
561
276
306
328
14°
199
561
272
300
323
144
193
558
264
291
319
i 30
197
558
279
288
351
126
217
558
279
288
353
123
203
558
285
292
358
133
256
560
283
302
352
128
288
306
298
315
299
317
301
318
300
318
300
318
300
318
301
318
289
301
318
301
318
301
318
303
323
288
289
290
304
323
289
302
320
303
321
287
289
304
323
290
339
74
340
74
341
72
342
74
343
74
345
74
343
75
344
73
276
I CO
285
287
321
77
334
80
335
81
337
80
337
79
337
77
337
76
340
75
109 9
2 113 1
109 6
110 4
106 4
107 9
102 6
99 0
120 8
105. 1
117 8
120 0
108 8
105 1
105 0
115 2
108 5
110 6
108 9
111.4
107 2
105 6
107.8
103.1
106 8
111 1
109 7
121 4
115.6
122 3
109 9
115.2
112 9
113 0
109 2
111 8
102 7
97 2
117 8
106.5
122 3
125 0
114 2
114.1
111 8
117 6
111 1
114 1
110 4
115.7
107 7
108 3
108.1
105.0
109 6
112 7
111 0
125 8
119.0
127 7
112 2
117.1
289
287
286
288
291
CONSUMER PRICES
(U.S. Department of Labor Indexes)
Unadjusted indexes:
All items
1957-59=100.
Special group indexes:
All items less shelter
do
All items less food .
do
Commodities
do
Nondurables
do
Durables 9
...
do
New cars
do
Used cars ._
do
Commodities less food
_ _ do
Services
.
do
Services less rent. _ .
do
Food 9
do
Meats, poultry, and
fish
do
Dairy products
do
Fruits and vegetables
do
Housing
do
Shelter 9
_
do
Rent
do
Homeownership
do
Fuel and utilities 9 ...
do
Fuel oil and coal
.
do
Gas and electricity
do
Household furnishings and operation___do
Apparel and upkeep
do
Transportation
_ __
do
Private
_
do
Public
do
Health and recreation 9
do
Medical care _
do
Personal care
.
do
Reading and recreation
do
easonally adjusted indexes:*
Food..
do
Apparel and upkeep
do
Transportation.
do
2
113 8
114 1
114 5
114.6
114 7
114 7
114 8
115 0
115 3
115 6
116.0
116 5
116 9
113 6
113 4
109 8
112 5
103 0
95 8
122 1
106.6
123 0
125 9
115 8
114 5
114 8
122 3
111 5
114 6
110 6
116.4
107 9
107 0
108.1
105.2
109 2
113 5
111 6
129 2
119.5
128 4
112 7
117.4
113 9
113 8
110 0
112 9
102 7
94 4
120 1
107.0
123 5
126 5
115 6
114 8
116 0
116 6
111 8
115 0
110 7
116.8
108 0
107 4
108.1
105.7
110 7
113 3
111 3
129 5
119.9
129 4
113 0
117.5
114 3
114 4
110 3
113 1
103 5
98 4
120 8
107.6
124 1
127 1
115 6
113 8
117 1
115 3
112 2
115 5
111 0
117.4
108 1
108 3
108.0
106.1
111 5
114 3
112 3
129 6
120.4
130 4
113 3
118.0
114 4
114 8
110 2
112 9
103 5
99 3
119 3
107.8
124 7
127 7
114 8
111.8
116 7
114 9
112 6
115 8
111 2
117.8
108 3
108 9
108.1
106.5
112 0
114 5
112 6
129 6
120.8
131 3
113 4
118.3
114 3
114 9
110 1
113 0
103 1
98 6
114 2
107 7
125 2
128 3
114 8
110 9
116 5
114 3
113 0
116 4
111 3
118.6
108 4
110 2
107.9
106.7
112 3
113 8
111 7
129 8
121.0
131 9
113 7
118.4
114 2
114 8
109 9
112 7
102 7
97 6
113 0
107 3
125 5
128 8
114 7
110 3
116 4
115 3
113 1
116 5
111 4
118.7
108 6
110 5
108.3
106.7
111 3
113 4
111 4
129 8
121.4
132 9
113 8
118. 5
114 3
115 2
109 9
112 7
102 8
97 3
114 0
107 6
125 9
129 2
114 2
110 7
116 1
114 2
113 3
116 8
111 7
118.9
108 7
111 1
108.3
107.0
111 9
113 8
111 8
130 0
121.8
133 6
114 1
118.6
114 6
115 4
110 0
112 9
102 9
97 2
115 9
107 8
126 3
129 5
114 2
110 0
115 7
115 2
113 3
116 6
111 8
118.6
108 7
111 1
108.3
107.3
112 6
114 2
112 2
130 5
122.2
134 6
114 4
118.9
114 8
115 9
110 2
113 0
103 4
97 0
118 8
108 4
126 6
130 0
113 7
109 0
115 7
114 2
113 6
11 c Q
111 9
119.0
108 8
115 1
116 3
110 5
113 2
103 9
96 9
121 4
108 7
127 0
130 4
113 9
108 5
115 9
116 4
113 9
117 5
112 1
119.7
108 7
110 8
108.3
107.9
113 8
115 5
113 6
130 9
122.8
135 7
115 0
119.6
115 6
116 5
111 0
113 8
104 1
96 8
122 4
108.9
127 4
130 8
115 1
111.6
116 3
119 9
114 1
117 7
112 2
119.9
108 6
110 5
108.2
108.1
113 9
115 7
113 7
132 2
123.2
136 3
115 3
119.7
116 1
116 8
111 5
114 3
104 4
97 0
124 8
109 1
r 127 7
r 131 2
116 5
115 5
109 6
113. 5
115 3
110 5
113.5
115 8
110 8
114.1
115 3
111 3
114.0
115 3
111 7
113.3
114 9
111 9
113 2
114 0
112 3
114 3
114 3
112 9
m
115 3
113 9
' Revised.
1 Based on unadjusted data.
Beginning with indexes for Jan. 1966, data for six additional areas (Cincinnati, Houston,
Kansas City, Milwaukee, Minneapolis-St. Paul, and San Diego) have been incorporated
into the national CPI. These areas were "linked" into the CPI as of Dec 1965 and were
first used in calculating the Dec. 1965-Jan. 1966 price change.
^Compiled by Dun <t Bradstreet. Inc. (failures data are for 48 States and Dist. Col.).
©Revised seasonally adjusted data for Jan. 1964-Nov. 1965 will be shown later.
2
114
.<=»
m
o
108.4
107.7
113 0
115 1
-i 1 o o
1 30 fi
122.6
135 1
m
n
119.4
n
113 1
115 3
m
e
113 7
115 fi
115 Q
r
116 0
112 3
116 4
124 4
114 3
r 1 17 Q
112 4
'120.2
108 9
111 4
108.3
108.2
113 7
116 2
mi
132 7
123.6
136 9
115 5
119.8
mo
114 2
nfi n
m
i
111 9
m
e
1 OK
0
104 7
96 9
109 4
128 2
131 7
116 6
113 1
116 6
12*? 7
114 7
110 A
112 6
120.8
109 1
111 7
108.5
108.3
113 8
116 4
m
139
A
g
124. 2
137 5
1161
120. 0
1158
114 3
iifi 3
^Revisions for Jan. 1963-Mar. 1966 (back" to Jan. 1959 for all farm products, crops, and feed
grains and hay) are available upon request.
§ Ratio of prices received to prices paid (parity index).
9 Includes data for items not
shown separately.
*Newseries. Beginning with indexes for Jan. 1966, seasonally adjusted
indexes for selected groups and subgroups of the CPI were published by the Dept. of Labor.
Additional information and a description of the BLS Seasonal Factor Method are available
from the Bureau of Labor Statistics, U.S. Dept. of Labor, Washington. D.C. 20212.
S-8
October 1967
SUEVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
1967
1966
Annual
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.*
COMMODITY PRICES—Continued
WHOLESALE PRICEScft
(U.S. Department of Labor Indexes)
Spot market prices, basic commodities:
22 Commodities
1957-59—100
9 Foodstuffs
do
13 Raw industrials
do
i 104. 7
191.9
i 114.6
i 109. 5
101.9
i 115.2
110.6
109.1
111.7
107.3
105.1
108.9
103.7
100.1
106.3
102.6
98.1
105.9
102.8
98.6
105.8
102.9
97.5
106.8
102.0
97.5
105.2
100.0
96.3
102.5
98.1
95.3
100.1
99.0
98.1
99.6
98.8
97.3
99.8
97.1
95.4
98.3
96.7
94.6
98.1
1
do
All commodities t
By stage of processing:
Crude materials for further processing
Intermediate materials, supplies, etc
Finished goodsO...
By durability of product:
Durable goods
Nondurable goods
Total manufactures
Durable manufactures
Nondurable manufactures
102.5
105.9
106.8
106.8
106.2
105.9
105. 9
106.2
106.0
105.7
105.3
105.8
106.3
106.5
106.1
do
do
do
98.9
102.2
103.6
105.3
104.8
106.9
107.4
105.8
107.5
106.1
105.6
108.1
103.6
105.3
107.8
101.1
105.3
107.8
100.8
105.4
107.6
101.9
105.6
107.7
100.8
105.5
107.6
99.7
105.5
107.2
98.0
105. 5
107.0
100.6
105.3
107.6
101.4
105.4
108.4
101.7
105.4
108.7
99.5
105.4
108.3
do
do
do
do
do
103.7
101.5
102.8
103.7
101.9
106.0
105.6
105.7
106.0
105.3
106.2
107.0
106.4
106.3
106.5
106.2
107.1
106.4
106.3
106.5
106.6
105.8
106.3
106.7
105.8
106.9
105.1
106.2
107.0
105.3
107.1
104.9
106.2
107.2
105.2
107.4
105.2
106.4
107.5
105.3
107.6
104.7
106.4
107.7
105.1
107.6
104.2
106.3
107.7
104.8
107.6
103.7
106.2
107.8
104.6
107.5
104.6
106.3
107.7
105.0
107.5
105.4
106.6
107.7
105.6
107.6
105. 6
106. 8
107. 9
105. 8
106.2
107.9
104.8
106.8
108.1
105.6
do
102.1
108.9
111.3
111.5
108.8
107.1
106.7
107.0
105.7
104.6
103.4
105.0
106.8
107.3
105.2
Farm products 9
do
Fruits and vegetables fresh and dried do
Grains..
do
Live poultry*
do
Livestock*
do
98.4
101.8
89.6
87.2
100.5
105.6
102. 5
97.3
91.4
110.0
108.1
97.7
105.6
89.8
112.0
108.7
110.4
104.6
87.5
109.2
104.4
97.9
98.9
83.1
106.5
102.5
104.2
98.0
85.1
98.4
101.8
101.3
101.5
77.2
97.9
102.6
101.8
100.7
88.1
101.4
101.0
104.5
95.8
97.1
99.5
99.6
98.4
99.9
90.8
97.4
97.6
99.6
98.3
89.0
94.0
100.7
104.4
98.0
85.6
102.6
102.4
114.3
96.1
85.7
104.9
102. 8
107. 9
92.6
91.9
107.4
-99.2
96.6
86.1
77.3
106.3
98.1
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
106.7
105.7
109.0
108.5
102.1
101.0
113.0
105.8
115.4
118.5
104.8
110.2
115.7
106.4
118.9
124.0
102.3
111.1
115.5
105.6
118.9
124.2
103.7
112.2
113.9
105.6
118.7
124.5
105.7
108.1
112.6
105.6
118.7
122. 6
105.9
104.2
112.8
105.8
118.0
122. 3
105.8
104.4
112.8
105.8
117.6
121.8
105.9
105.4
111.7
105.9
117.3
121.2
104.3
104.7
110.6
105.6
117.5
120.7
104.2
101.7
110.0
105.9
117.2
120.1
104.3
100.6
110.7
106.0
117.4
120.8
105.1
103.8
112.6
106.3
117.2
122.2
106.5
108.3
113.1
106.4
116.9
122. 0
107. 0
109.9
112.1
106.6
116.8
122.1
107.1
107.4
112.8
__ do
102.5
104.7
105.2
105.2
105.3
105.5
105.5
105.8
106.0
106.0
106.0
106.0
106.0
106.0
106.3
106.5
do
do
do
do
do
do
97.4
101.8
95.0
94.4
112.7
105.4
97.8
102.8
95.7
94.5
102.8
106.8
97.9
101.9
95.8
94.7
105. 5
106.8
98.0
102.2
95.8
94.8
103.8
106.8
97.9
102.8
95.9
95.0
94.5
107.3
98.0
103.3
96.0
95.0
91.6
107.8
98.2
103.1
96.4
94.7
95.1
108. 5
98.4
104.2
96.6
94.7
92.3
108.7
98.5
105.4
96.9
94.2
89.1
108.7
98.5
105.9
97.0
94.4
81.5
108.8
98.8
105.2
97.6
94.0
85.3
108.8
98.8
105.2
97.5
94.1
82.9
108.8
98.5
105.1
97.2
94.1
79.5
108.8
98.3
103.5
97.2
94. 1
77.1
108.8
98.0
101.8
97.1
93.6
77.2
108.8
Fuels and related prod and power 9
do
Coal
do
Electric power
Jan 1958—100
Gas fuels
do
Petroleum products, refined
1957-59 = 100. _
98.9
96.5
100.8
124.1
95.9
101.3
98.6
100.3
129.3
99.5
102.0
98.5
100.3
128.9
100.7
102.2
99.6
100.3
129.2
101.0
102.6
100.6
100.2
130.7
101.3
102.7
101.9
100.3
130. 6
101.3
102.4
102.4
100.8
132.0
100.2
102.6
102.3
100.6
134.6
100.3
103.4
102.3
100.6
134.5
101.9
103.7
102 2
100.6
134. 6
102.4
103.3
102.7
100.6
134.8
101.7
104.4
102.6
100.6
135.0
103.7
104.0
102.4
100.5
134.3
103.1
103.9
103.0
100.6
131.8
103.3
104.7
103.0
100.5
132.0
104.6
Furniture and household durables 9
Appliances household
Furniture, household
Home electronic equipment*A
do
do
do
do
98.0
89 2
106.2
85.2
99.1
89.1
109.1
83.6
99.1
88.8
109.4
83.1
99.2
88.7
109.8
83.3
99.7
88.9
110.3
83.8
100.3
89.2
111.5
83.8.
100.4
89.2
111.8
83.8
100.4
89.6
111.9
83.6
100.4
89.7
112.0
83.5
100.6
89.8
112.4
83.3
100.6
89.8
112.4
83.3
100.8
89.7
112.4
82.9
100.8
90.0
112.4
82.0
100.9
90.1
112.6
81.8
101.0
90.1
112.8
81.8
Hides, skins, and leather products 9
Footwear
Hides and skins
Leather
Lumber and wood products
Lumber
do
do
do
do
do
do
109.2
110.7
111.2
108.1
101.1
101.9
119.7
118.2
140.8
121.1
105.6
108.5
121.2
119.1
141.2
124.9
106.2
110.2
119.9
119.1
134.2
121.8
105.9
109.5
118.7
120.1
120.8
117.5
104.8
108.0
117.5
120.1
114.3
114.1
103.0
105. 6
117.3
120.3
109.2
116.2
102.5
104.5
117.9
120.9
110.1
116.9
102.6
104.5
118.0
121.6
107.8
116.3
103.6
105.4
116.9
121.7
98.9
114.6
103.6
106.0
115.7
121.5
88.3
112.9
104.1
106.6
115.2
121.4
87.2
110.9
104.2
107.0
115.6
121.5
95.8
110.2
104.7
108.0
115.2
121.4
93.4
109.5
105. 3
108.3
114.4
121.2
86.8
109.2
106.1
109.0
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
105.0
115.1
115.3
96.8
113.6
108.2
118. 5
118.9
99.0
118.8
108.5
118.3
118.9
99.1
119.5
108.9
118.2
119.4
99.2
120.5
109.4
118.5
119.8
99.5
121.1
110.2
120.4
120. G
100.7
121.5
110.7
120.8
121.0
101.5
121.8
111.1
121.5
121.3
101.9
121.9
II 1 . 2
121.7
121.4
101.8
122.2
111.5
121.9
121.5
102.2
122.6
111.6
121.8
121.8
102.3
122.9
111.6
121.8
121.9
101.9
123.6
111.6
121.8
121.9
101.8
123.6
111.6
121. 9
122. 1
101. 7
123.9
111.8
122.0
122 A
101.6
124.4
Metals and metal products 9 .
Heating equipment
Iron and steel
Nonferrous metals
105.7
91.7
101.4
115.2
108.3
92.5
102.3
120.9
108.5
92.5
102.7
120.4
108.4
92.9
102.5
119.9
108.6
93.3
102.5
120.3
109.0
93.4
102.8
121. 0
109.0
93.4
102.9
120.5
109.4
92.6
103.0
121.8
109.6
92.3
103.2
122.3
109.4
92.2
103.3
121.1
109.1
92.0
103.2
120.0
108.9
92.0
103.2
118.9
108.9
92.5
103.3
118.7
109.0
92.6
103.4
118.6
109.2
92.5
103.5
118.9
Farm prod., processed foods and feeds 1f
Industrial commodities §
Chemicals and allied products 9
Agric chemicals and chem prod *
Chemicals, industrial _
Drugs and Pharmaceuticals
Fats and oils, inedible
Prepared paint
do
do
do
do
101.7
102.6
102.7
103.0
103.2
103.3
103.3
103.6
103.7
103.8
103.9
103.8
103.9
104.2
104.5
do
106.6
101.5
104.0
99.9
104.1
92.9
90.0
108.4
103.0
102.4
102.6
107.3
94.8
93.3
108.7
103.3
102.7
103.2
108.4
95.1
93.9
108.7
103.6
102.7
103.1
108.4
94.7
93.4
108.8
103.5
102.7
103.1
108.4
94.6
93.4
109.3
103.5
103.5
103.0
108.5
95.0
93.9
109.1
103.9
103.5
103.0
108.5
95.0
93.9
109.3
103.9
103.5
103.1
108.5
95.6
94.9
109.3
104.4
103.5
103.3
108.5
95.8
94.9
109. 3
104.5
102.3
103.6
108.5
95.9
94.9
109.4
104.6
102.3
103.9
109.3
95.9
94.0
109.7
105.2
102.3
103.9
109.5
95.8
94.0
109.7
105.7
100.9
103.9
109.6
95.8
94.0
109.9
105.8
100.7
104. 1
110.9
95.8
94.0
110.4
106.0
100.7
104.0
110.9
97.8
98.7
do
do
do
do
do
do
101.8
103.7
100.2
95.0
134.3
104.3
102.1
105.0
102.5
89.5
153.6
106.0
102.4
105.2
103.3
89.6
156.7
106.6
102.2
105.1
103.1
88.6
158.6
106.1
102.2
105. 3
103.3
88.1
161.1
105.6
102. 1
105.5
103.0
87.7
161. 1
105.1
101.8
105. 4
102.7
86.9
163. 2
104.8
102.0
105.7
102.5
87.1
166.1
104.7
102.0
105.9
101.8
87.1
164.1
104.7
101.8
106.0
101.3
86.9
164.1
104.0
101.8
106.2
100.8
86.8
164.5
102.9
101.6
106.3
100.3
86.3
167.0
103.1
101.6
106.7
99.7
85.8
167.0
103.2
101.5
107. 1
98.9
85.5
168.4
103. 3
101.7
107.3
98.8
85.9
172.6
102.9
do_
do
do
___do
do
100.7
104.8
102.7
106.2
100.8
106.8
104.1
109.6
100.5
107.1
104.9
110.3
100.1
107.1
104.8
110.3
101.7
107.2
105.0
110.3
101.7
107.4
104.8
110.2
101.7
107.5
104.8
110.3
101.6
107.9
105.2
110.3
101.6
108.0
105.3
110.3
101.6
107.7
104.0
110.3
101.6
108.0
105.2
110.3
101.6
108.0
105.3
110.3
101.4
109.6
105.3
114.8
101.3
109.7
105.6
114.8 !
101.3
HO.O
105.8
H4.8
$0. 976
.910
$0. 945
.884
$0. 936
.879
$0. 936
.876
$0. 942
.873
$0. 944
.873
$0. 944
.872
$0. 942
.872
$0. 943
.871
$0. 946
.870
$0. 950
.867
$0. 945
.865
1
.862
Nonmetallic mineral products 9
do
Clay prod., structural, excl. refractories*
do..._
Concrete products
do
Gypsum products
do
Pulp, paper, and allied products
do
Paper
_ do
Tires and tubes
Textile products and apparel 9
Apparel
Cotton products
Manmade fiber textile products
Silk yarns
Wool products.
Transportation equipment 9 *
Motor vehicles and equipment
Miscellaneous products 9 *
Toys, sporting goods, etc
Tobacco products*
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices
1957-59=$!. 00
do
r
Revised.
v Preliminary.
1 Computed by OBE.
cfFor actual wholesale prices
of individual commodities, see respective commodities.
^Beginning Jan. 1967, indexes
incorporate revised weighting structure reflecting 1963 values of shipments; details regarding
weight revision as well as changes in classification structure are available from the Bureau
of Labor
O Goods to users, incl. raw
Statistics, U.S. Dept. of Labor, Wash., D.C. 20212.
$0. 939 $0. 943
.858 :
.856
$0. 942
foods and fuels.
^Formerly "farm prod, and processed foods."
9 Includes items not
shown separately.
*New series; data prior to Feb. 1966 (where available) may be obtained
from BLS.
® Formerly "canned and frozen fruits and vegetables."
§Formerly
"commod. other than farm prod, and foods."
AFormerly "television, radio receivers,
and phonographs."
SURVEY OF CURRENT BUSINESS
October 1967
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
S-9
1966
1966
Annual
Aug.
Sept.
Oct.
1967
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE f
New construction (unadjusted), total
mil. $
Private, total 9
_ _
_
__do
Residential (nonfarm)
do
New housing units
do
Nonresidential buildings, except farm and public utilities total 9
mil. $
Industrial
do
Commercial
__ _
_ _ _ _ _do _
Farm construction
_ _ do_ _
Public utilities 9
__
_
do _
Telephone and telegraph
do
Public total 9
do
Buildings (excluding military) 9
do
Residential
_ do
Industrial
do
Military facilities
do
Highways and streets
_ _ _ _do_. _
71,912
74, 371
7,009
6,928
6,656
6,281
5,685
4,991
4,591
5, 185
5,751
6,337
' 6, 852 ' 7, 247
49,840
26, 266
20,351
50, 446
23, 815
17,964
4,708
2,264
1,668
4,636
2,133
1,575
4,378
1,948
1,443
4,178
1,770
1,298
3,871
1,605
1,164
3,329
1,381
980
3,108
1,263
891
3,356
1,422
1,022
3,673
1, 642
1,188
4,024
1,866
1,378
' 4, 316 ' 4, 532 4,659
T
2, 110 ' 2, 280 2,373
' 1, 599 ' 1, 732 1,799
16, 584
5,128
6,745
1,189
5, 385
18, 607
6,703
6,890
1,225
1,699
615
643
1,762
622
659
1,670
587
635
1,672
609
624
1,579
575
600
1,404
492
529
1,327
482
490
1,357
473
512
1,419
464
557
1,504
502
597
Index (mo. data seas, adj.)
1957-59 = 100. .
1,600
148
139
139
144
151
102
115
139
127
138
151
23,925
2,301
2,292
2,278
2,103
1,814
1,662
1,483
1,829
2,078
2,313
r 2, 536
7,881
602
365
852
7,554
8,921
653
369
713
8,359
788
56
30
66
925
800
62
33
70
862
810
64
30
61
822
766
63
27
60
723
727
59
28
57
543
694
55
31
49
460
646
53
25
45
376
28
45
27
44
42
46
45
49
31
62
73.4
50.5
23.4
74.0
50.1
22.7
72.3
47.9
21.6
72.0
47.1
20.3
72.2
46.4
19.8
74.8
48.3
19.9
75.0
48.0
20.3
73.3
46.9
20.8
72.2
46.0
21.1
74.2
47.8
22.1
'74.2
'48.1
22.9
'75.9
'49.2
'23.7
76.7
49.8
24.5
19.0
7.2
6.9
19.3
6.9
7.1
18.3
6.7
6.7
18.7
6.9
6.7
18.5
6.5
7.0
20.5
7.1
7.9
19.8
7.1
7.7
18.2
6.1
7.2
17.3
5.6
6.9
17.9
6.0
7.1
17.3
5.9
6.7
'17.6
'6.2
'6.7
17.4
6.0
6.1
1.7
1.7
1.6
1.6
1.7
1.6
1.6
1.7
1.5
1.7
1.7
1.6
'26. 1
'26.8
do
do
do
Seasonally adjusted at annual rates:!
Total, including farm (private only)
Total nonfarm (private only)
i 49, 272
2143
American Appraisal Co., The:
Average, 30 cities
Atlanta
New York
San Francisco
St. Louis
23.9
24.4
24.9
25.8
26.5
27.0
26.4
26.1
26.4
8.6
.6
.4
.7
8 2
9.1
.6
.4
.7
8.1
9.3
.6
.3
.6
8.0
9.4
.7
.3
.6
8.2
9.4
.7
.4
.8
9.1
9.7
.7
.4
.7
9.5
9.5
.8
.3
.8
10.2
.3
.6
.3
.6
.4
.5
5
.5
5
.7
26.9
4,323
4,103
4,106
3,461
3,189
2,838
3,300
4,424
4,389
5,095
5,414
4,879
139
146
139
130
133
126
143
149
138
154
164
149
165
18, 152
31, 998
1,568
2,754
1,379
2, 724
1,607
2,499
1,357
2,104
1,287
1,903
1,113
1,725
1,188
2,112
1,509
2,916
1,498
2,891
3,275
1,820
2,169
3,245
1, 989
2,890
1,824
3,280
19, 393
17,827
12, 930
1,729
1,515
1,079
1,676
1,280
1,146
1,796
1,225
1,086
1,424
1,076
961
1,358
903
928
1,175
937
726
1,430
1,056
814
1,714
1,584
1,127
1,830
1,627
931
1,808
2,002
1,285
2,070
2,000
1,344
1,749
1,829
1,302
1,847
1,912
1,345
52,112
3,807
5,937
4,533
4,434
6,940
4,940
5,401
4,781
3,359
4,293
5,809
6,829
5,506
2
5,104
306
255
723
455
1 873
126.5
'972
'563
r
91.9
59.7
89.1
79.1
53.6
76.6
75.1
50.2
72.8
62.3
38.0
60.2
61.7
40.6
59.1
63.2
40.4
61.4
92.9
66.6
91.5
115.9
79.9
113.7
134.2
87.4
132.0
131.6
'87.7
125.4
' 126. 1 ' 129.8
83.0
'82.0
' 125. 3 ' 126. 9
101. 5
69.0
99.6
89.1
60.4
86.9
77.5
51.1
74.4
73.7
47.9
71.4
61.0
43.6
58.9
60.4
43.0
57.7
62.0
43.9
60.2
90.7
62.6
89.2
114.2
77 A
112.0
131.9
91.7
129.7
129.6
'87.9
123.4
r
124. 9 ' 126. 1
86.6
'87.2
' 124. 0 r 123. 2
120.2
1,108
1,088
1, 487. 5 1, 172. 6
807.3
1, 034. 5
1, 450. 6 1,141.5
1,241
710
103.7
69.4
101.8
1, 196. 2
779.5
1, 165. 0
1,048
1,020
845
824
975
956
931
910
1,111
1,079
1,149
1,132
1,094
1,067
1,116
1,099
1,274
1,254
1,233
1,214
' 1, 369 '1,403
' 1,356 '1,377
1,457
1,427
'852
'489
'740
'448
718
433
719
440
761
476
942
549
894
551
928
558
1,028
578
1,033
601
1,109
630
M,127
'639
1,159
646
1,093
626
116
1913—100
do
do
do
do
4,053
3
59
3
2
3
42
3
12
3
119, 108
4,187
87, 834
23, 643
3,443
121
122
122
122
122
122
123
123
123
123
124
126
126
867
941
963
867
852
881
952
971
888
863
883
953
980
890
864
884
969
980
890
864
885
970
979
886
878
887
970
979
884
879
889
970
992
890
883
891
970
997
890
883
891
970
997
890
883
891
972
997
890
882
899
982
997
890
912
909
982
997
891
912
915
995
1. 013
923
912
122.6
124.1
128
824
904
925
814
808
917
998
1,015
924
912
Associated General Contractors (building only)
128
127
128
123
128
1957-59 = 100- .
r
l
- Compu ted
Revised.
Annual total includes revisions no t distribu ed to rno nths.
3
from cumulative valuation total.
Data cover 6 r nonths.
f Re vised series. Monthly data for 1962 appear on p. 40 of the May 1966 Su RVEY; th ose
for 1963-May 1966 will be shown later.
276-422 O - 67 - -
2,701
145
i 50, 1 50
do
do
New private housing units authorized by bldg. permits (12,000 permit-issuing places) :
Seasonally adjusted at annual rates:
Total
._ _
thous
One-family structures
do
CONSTRUCTION COST INDEXES
134
' 2, 715
22.9
16, 209
Public ownership
mil. $
33, 064
Private ownership
do
By type of building:
17,219
Nonresidential
do
21,248
Residential
do
10, 805
Non-building construction
do
New construction planning
(Engineering News-Record) § . . _ . _
do
45, 625
Concrete pavement awards:
Total
thous. sq. yds._ 125, 580
4,410
Airports
do
86, 779
Roads
do
Streets and alleys
do
29, 016
5,376
Miscellaneous
do
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total, incl. farm (private and public) t _ _ thous .... 1, 509. 6
One-family structures
do
965.0
1 472.9
Privately owned!
do
Total nonfarm (private and public) t
In metropolitan areas
Privately ownedj
1,563
527
564
1,461
do
Buildings (excluding military) 9
do
Residential
do
Industrial
do
Military facilities
do
Highways and streets
do
CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F. W. Dodge
Co.):
Valuation total
mil $
' 1, 554
'541
'593
22, 072
New construction (seasonally adjusted at annual
rates) total
bil. $
Private total 9
do
Residential (nonfarm)
do
Nonresidential buildings, except farm and public utilities total 9
bil $
Industrial
do
Commercial
do
Farm construction
_do
Public utilities 9
do
Telephone and telegraph
do
Public total 9
1,509
515
577
7,360
133
133
133
130
129
129
131
129
129
129
129
9Inc ludes da ta not sh own sepsirately,
§Dat e for Sep t. and De c. 1966, a nd Mar. June, ai id Aug. 1967 are fo r 5 week s; other ntionths,
4 week 5.
tRev ised dat;i for Jan.-May 19(36 will be shown '. ater.
S-10
SUEVEY OF CUEEENT BUSINESS
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
Annual
October 1967
1966
Aug.
Sept.
Oct.
1967
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES— Con.
E. H. Boeckh and Associates, Inc.: U
Average, 20 cities:
All types combined
1957-59 = 100. .
Apartments, hotels, office buildings. _do
Commercial and factory buildings
do
Residences
_
_
do
Engineering News-Record:
Building...
. ___
.do
Construction
do
Bu. of Public Roads— Highway construction:
Composite (avg. for year or qtr.) _ 1957-59=100
117.2
118.5
117.2
115.2
122.1
123.2
122.2
120 1
123.1
124 3
123.2
121 0
123.3
194 5
123 4
121 9
124.0
125. 1
124.2
121.8
124.7
125 6
125.0
122 2
125.1
125 9
125 5
122 6
125.3
126 2
125 7
122 9
125.4
126 3
125 8
123 0
125.5
126 3
125 8
123 1
125.8
126 6
126 1
123 3
127.0
127 9
127.3
124 8
130.1
131.2
130.2
127.9
131.9
133.0
132.2
129.4
132.3
133.4
132.6
130.0
118.9
127.8
123 8
134 3
125.0
136 5
125 2
136 5
125 0
136 3
125 0
136 4
124 9
136 5
125 2
137 3
125 5
137 5
125 9
137 8
125 9
137 8
127.2
139 9
128.1
141 1
128.6
142 5
129.4
43.8
105.7
113 0
156.3
157 6
175. 8
160 0
165 1
158 7
156. 8
139 0
161.1
155 3
186.2
169 0
155 0
189 8
185.3
166 3
258.3
171.5
158 1
233.3
162.8
150 1
234.2
188 9
153 0
11 6
13 0
102.1
99.2
10.4
106
8.9
104
546. 13
287. 43
515. 89
257. 14
415.68
270. 88
7,226
7,175
16 729
1,314
3 604
7 748
5 377
272
722
320
115 6
130.1
144.3
112.3
112 8
113 2
139 5
146 4
124 5
144 9
157 2
163 4
148 9
146 1
152.1
135 3
174 7
138 0
129 1
125 9
143 3
132 7
110 4
132 4
137 1
102 5
171 3
164 8
148 5
164 2
145 3
167 1
9 9
8 7
I9 5
10 1
10 7
16 6
9.1
119
7.0
103
6.6
104
7.1
107
7.7
104
10.3
103
368. 53
247. 50
327. 27
225. 63
379. 30
213. 88
301 12
168. 52
388. 16
195. 36
7,249
7,084
6,935
6,340
5,800
1, 119
947
866
935
788
950
241
572
306
208
473
266
184
423
259
CONSTRUCTION MATERIALS
Output index:
Composite, unadjusted 9 ._
Seasonally adjusted
.1947-49=100
do
Iron and steel products, unadjusted
Lumber and wood products, unadj
Portland cement , unadjusted
do
do
do
156.2
132.9
224.5
182.3
156 3
208 0
152.6
' 226. 9
14 8
16 0
16 3
12 7
11.0
125
10.9
108
12.8
135
12.2
145
11.6
124
10.8
129
358. 98
184. 12
406. 92
231. 28
508. 04
265. 88
501. 11
295. 92
653. 83
340. 29
643. 11
352. 10
5,175
4,782
4,421
4,302
4,221
4,153
4, 122
1 347
1 339
1,738
2,162
1, 860
2,210
400
779
559
435
1,046
••382
'951
r
527
1,188
144 17
173 95
r 177. 0
REAL ESTATE
Mortgage applications for new home construction:
Applications for FHA commitments
thous units
Seasonally adjusted annual ratesj
do
Requests for VA appraisals
do
Seasonally adjusted annual ratest - - do
Home mortgages insured or guaranteed byFed. TTous. Adm.: Face amount. _ _ _ . mil. $ 7, 464. 59 6,095 32
Vet. Adm.: Faceamount§
do
2, 652. 23 2, 600. 53
Federal Home Loan Banks, outstanding advances
to member institutions, end of period
mil. $_ _
5,997
6,935
New mortgage loans of all savings and loan associations, estimated total
mil $
By purpose of loan:
Home construction
do
Home purchase
do
All other purposes . .
do
Nonfarm foreclosures
Fire losses (on bldgs contents etc )
number
mil $
23 847
5,922
10, 697
7,228
119
151
122
135
203
189
422
324
157
165
365
258
135
205
420
325
152
306
571
470
162
312
586
441
160
166
150
r
681
117 473
9,959
9,615
9 676
9,713
9 208
10 211
8 701
10, 584
9 774
9,914
123 84
118 71
121 75
115 63
142 21
159 74
155 08
149 66
142 86
143 15
164 04
176
425
597
10, 035
1 455 63 1 496 76
17 1
116 664
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas. adi.:d"
Combined index
1957-59-100
Business papers. _
do
Magazines
do
Newspapers
do
Outdoor
do
Radio (network)
__ . _
.do
Television (network)
do
Television advertising:
Network (major national networks) :
Net time costs, total
mil $
Automotive, incl. accessories
do
Drugs and toiletries. _
do
Foods, soft drinks, confectionery
do
Soaps, cleansers, etc...
do
Smoking materials _.
do
All other
do
Spot (natl. and regional, cooperating stations):
Gross time costs, total
mil $
Automotive, incl. accessories
do
Drugs and toiletries... __ _ _ ... . do
Foods, soft drinks, confectionery
do
Soaps, cleansers, etc
do
Smoking materials
do
Allother
do
Magazine advertising (general and natl. farm magazines):
Cost, total.
mil $
Apparel and accessories
do
Automotive, incl. accessories
.do
Building materials
do
Drugs and toiletries
do
Foods, soft drinks, confectionery. . . . do
136
121
147
108
92
109
175
148
128
159
119
91
118
194
1 260.3
99 1
409.2
234.8
112.0
145.4
259 8
1 411 3
106 7
429 8
274 0
131 5
161 4
308 0
301 5
9
14
93 9
59 7
34.5
35.3
56 8
446 5
39 9
128 0
80 0
35 3
52 5
110 8
403 3
29 6
122 8
87 0
37.7
48 3
77 9
1 075.5
38.9
207.4
377.7
100 4
48.7
302.4
1 189 3
54 1
219.4
414 2
103 3
51 0
347.3
270 6
11 4
50.7
89 9
26 9
12 6
79.1
314 8
13 7
58.1
108 4
23 2
13 5
97.8
274.3
15.8
55.5
109.9
22 6
13 0
57 3
1,076.9
64 8
111.7
30.4
115.9
133.9
1 166 7
68 1
123.5
34 5
134.4
125.4
152
129
163
126
97
90
200
160
130
165
139
77
113
227
151
136
157
119
80
125
206
155
128
167
124
95
114
210
150
128
168
110
116
93
201
317.9
20 8
85.4
66.0
30.8
37.7
77.3
67.4
7 o
5.0
1.8
8.8
7.3
108 1
11 7
8.9
3 6
11.2
10.2
125.9
7 6
16.3
3.7
13.9
12. 1
126.1
6 0
13.5
2.7
15.2
12.8
101 5
4 0
7.8
1 4
13.8
10.3
68 4
17
7.0
1.4
8.0
7.1
89 9
4 1
10 1
2 0
11.6
10.4
106 4
68
10.9
38
11.5
11.0
110.9
8 3
10.2
4.2
13.0
8.6
112 1
5 7
10.6
3.9
13.4
9.6
97.8
2 4
8.4
3.1
14.9
10.4
69.3
9
4.0
1.7
10.8
9.4
64.4
53
3.1
1.5
10.2
6.9
Beer, wine, liquors
_
do
69.3
3.6
79.2
71.5
3.1
Household equip., supplies, furnishings.. do
80.1
Industrial materials..
do
50.5
4.0
53.3
21.7
.9
Soaps, cleansers, etc
do
17 6
Smoking materials. . .
do
41.6
2.8
39.6
All other.
do
365.6
22.9
411.0
••Revised.
1 Index as of Oct. 1, 1967: Building, 130. 6; construction, 144. c
^Copyrighted data; see last paragraph of headnote, p. S-l.
9 Includes data for items not shown separately.
6. 3
7.9
5.1
1.8
3.6
37.8
8.4
11.1
5.9
1.7
3.9
41.3
11.0
8.5
5.6
2.5
4.5
43.9
14.1
5.0
4.5
1 4
4.5
34.7
3.0
2.8
4.0
1 l
2.5
29.7
5.1
3.5
4.1
17
3.4
33.9
6.8
6.5
5.5
2 3
31
38.2
6.6
8.6
5.9
2.5
3.1
39.9
8.1
9.3
6.3
2.5
3.5
39.1
8.1
5.6
6.4
2.4
3.5
32.6
5.6
3.7
4.4
1.6
2.9
24.4
3.4
2.9
3.6
1.4
2.5
23.6
tRevised seasonally adjusted data for 1958-64 will be shown later.
§Data include guaranteed direct loans sold.
d* Revisions for Jan. 1964-Feb. 1966 will be shown later.
SURVEY OF CURRENT BUSINESS
October 1967
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
S-ll
1967
1966
Annual
Aug.
Sept.
Oct.
Nov.
Dec.
Feb.
Jan.
Mar.
233
66
167
12
4
22
127
6
4
2
3
7
7
5
278 3
74 1
204 3
14 3
5 6
25 5
158 9
21 648
25 679
May
June
July
Aug.
294 3
80.2
214 1
15 6
58
28 9
163.8
300 1
80.6
219 5
16.5
56
29 3
168.1
279.1
76.4
202.7
15.7
5.4
26.3
155.3
246
74
171
11
5
17
136
25 081
26 557
27, 616
Sept.
269 8
76.3
193 6
11 2
4 2
19 0
159 2
Apr.
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Newspaper advertising linage (52 cities) :
Total
mil.
Classified
Display, total
Automotive _ _ _ _
_
Financial
General
_
Retail
lines
do
do
do
do
do
do
3, 164. 6
865.6
2,298 9
170.4
63 4
288.5
1,776.7
3 354 3
924.3
2 430 0
182.9
73 2
310 3
1, 863. 6
273
81
191
14
4
20
151
mil. $
283 852
303 672
25 348
0
6
4
8
6
1
9
288
77
211
18
5
30
157.
8
3
5
2
5
6
2
308 7
81 4
227 2
16 7
7 1
31 5
171 9
305
70
235
14
5
32
182
4
4
0
2
8
6
4
289 7
61 1
228 6
9 2
5* 7
23 1
190 6
24 864
25 923
26 158
31 804
241
71
170
11
7
20
129
1
1
0
6
9
5
9
4
9
5
9
8
8
0
RETAIL TRADE
All retail stores: t
Estimated sales (unadj.), total f
22 567
r
26 005
r
26 335 126 194
r
do. _ _
do
do
do
93, 718
56 266
53, 217
3,049
97 812
57 414
53, 875
3 539
8, 234
4 677
4,365
312
7,659
4 095
3,799
296
8 625
5 096
4,789
307
8 410
4 899
4,587
312
8 916
4 638
4 236
7 018
4 197
3,963
234
8 234
4 989
4,711
278
8,205
4 955
4,644
311
8,928
5 413
5,084
329
9,398
5,644
5,273
371
8 329
T 4 701
4,372
329
1
402
6 801
4 010
3,787
223
r
Furniture and appliance group 9
_do
Furniture, homefurnishings stores
do
Household appliance, TV, radio ._ do _ _
13, 737
8 538
4,223
14 978
9 089
4 905
1,315
816
418
1,311
1 712
I 136
442
1 391
836
453
676
380
1 101
654
375
1 192
715
401
1,160
725
370
1,245
781
391
1,313
804
439
' 1 239r 1 317
T 770
819
r
416
399
1
111
1 332
815
426
Lumber, building, hardware group _ do _ _
Lumber, bldg. materials dealerscf
do
Hardware stores
do
12, 115
9,302
2 813
12 307
9*340
2 967
1, 155
911
244
1,082
835
247
1 077
827
250
1 012
759
253
1 014
777
574
203
741
557
184
905
684
221
999
738
261
1 115
844
271
1,167
884
283
r 1 143
645
369
do
190 134
do 15, 752
do
3 258
do
6 243
do. _ _
3,680
do
2 571
205 860
17 276
3 537
6 913
4 015
2 811
17 114
1 375
280
524
349
17 298
1 478
297
596
362
223
17 748
1 553
325
614
383
231
22 888
2 540
15 549
1 224
999
17 205
1 469
285
571
358
255
586
979
638
337
272
480
273
199
14 847
1 042
213
422
239
168
17 445
1 512
277
590
354
291
16 876
1 375
282
550
307
236
17 629
1 439
297
575
319
248
18 218
1,473
337
552
337
247
10 148
23' 431
823
177
881
377
024
821
2 034
6 039
5 544
1 923
841
2 006
5 922
5 430
1 959
840
1 884
5 755
5 °79
1 929
1 195
9 039
6 679
6 134
1 972
1 845
5 548
5 092
1 827
818
1 726
5 407
4 961
1 722
893
1 940
6 096
5 596
1 901
851
1 991
5 810
5 348
1 940
2
5
5
2
3 259
*> 110
229
465
539
3 274
2 158
218
462
551
3 375
2 221
232
467
551
^ 95S
2 575
341
524
587
6 111
4 025
2 511
1 658
156
330
514
2 400
1 534
172
347
500
3 197
2 077
221
466
551
3 049
2 016
199
414
541
Durable goods stores 9
Automotive group
Passenger car, other auto, dealers
Tire, battery, accessory dealers
Nondurable goods stores 9
Apparel group
_ _ _
Men's and boys' wear stores
Women's apparel, accessory stores
Family and other apparel stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores
Gasoline service stations
do
do _ _
do
do
_ do _ _
General merchandise group 9
do
Department stores
do
Mail order houses (dept. store mdse.). do. _.Variety stores
do
Liquor stores
. _
do _ _
9
21
66
60
21
335
423
822
970
765
35 840
23 421
2,581
5 320
6 305
n
-l OK
65 105
23* 012
39 811
9fi OQ4
2 691
5 797
6 7 co
2
5
5
2
943
622
350
989
896
837
8 547
r 5 014
r 4, 670
r 344
!7 458
r
!8 006 118 036
r i 455 i i 572
294
556
359
246
r 1 301
286
T 492
r 314
T 209
910
197
259
742
136
T 2 293
r 6 145
r 5 632
T 886
r 2 346
r 6 087
r 5 563
r 2 159
r 2 144
3 322
9 194
208
470
572
3 483
2 322
198
492
586
T 3 085
r 2 008
179
r 455
T 577
T 3 506
r 2 282
232
502
573
894
093
888
391
034
2
6
5
2
1 312
1 163
915
248
'881
T 262
r
8 158
i 4 507
r 879
25 572
25 703
25 550
25 610
25 368
25 687
25 470
25 739
25 918
25 897
26 544
do _
do
do _
do
8 358
4 959
4*658
301
8 394
5 034
4 725
309
8 276
4 921
4 618
303
8 143
4 761
4 445
316
8 156
4 745
4 445
8 200
4 604
306
8 150
4 602
4 291
311
8 104
4 660
4 348
312
8 187
4 759
4 448
304
8 546
5 069
4 750
319
T 8 592
300
7 955
4 394
4 085
309
do
do _.
do ..
1 285
782
423
1 293
1 266
766
1 283
775
416
1 270
1 312
1 308
780
449
1 278
755
441
1 286
791
423
1 306
795
420
1 295
775
450
r 1 9fi7
r 784
r 397
1,014
769
945
975
732
943
971
724
247
986
737
249
997
747
9
1 062
1 058
801
257
1 049
794
255
1 048
779
269
1 001
750
251
1 014
754
260
r 1 031
r 771
17 309
1 472
313
579
349
231
17 274
1 466
294
589
351
232
17 467
1 463
303
573
345
242
17 212
1 386
17 487
1 514
317
587
360
250
17 515
1 476
304
576
357
239
17 589
1*443
315
557
343
228
17 814
1 585
333
614
384
254
17 710
1 490
317
585
342
246
do
do
do
do
do
837
1 975
5 920
5 426
1 906
860
1 975
5 947
5 446
1 931
859
1 974
5 949
5 459
1 926
876
1 979
5 Q21
5 437
1 93Q
892
877
2 036
5 911
5 417
1 931
883
2 026
5 942
5 452
1 968
889
2 046
6 041
5 535
1 964
906
2 034
5 985
5* 513
1 992
903
9 038
5 996
5' 507
1 996
General merchandise group 9 -.
do
Department stores
do
Mail order houses (dept. store mdse ) do
Variety stores
do
Liquor stores
do
3 332
2,182
219
480
551
3 341
2 189
229
486
567
3 354
2 195
229
484
561
3 476
9 273
238
503
570
3 311
2 162
216
475
564
3 419
2 244
220
486
591
3 361
2 191
230
472
595
3 327
2 200
223
448
584
3 479
2 278
230
520
609
3 468
9 283
215
504
598
3 604
2 377
990
516
599
r 3 tj29
T 2 305
T 506
T ^ifto
3 456
2 976
1 021
771
17,214
1 499
327
582
359
231
907
220
264
731
030
1 9Q1
Lumber, building, hardware group _ _ do ___
Lumber, bldg. materials dealers cf
do _ _
Hardware stores
do
i
2
6
5
2
517
590
35, 106
14 691
5 Q79
2,564
2,419
Estimated sales (seas, adj.), total f
do ..
Durable goods stores 9
Automotive group
Passenger car, other auto, dealers
Tire, battery, accessory dealers
Furniture and appliance group 9
Furniture, homefurnishings stores
Household appliance, TV, radio
Nondurable goods stores 9
Apparel group
Men's and boys' wear stores
Women's apparel, accessorv stores
Family and other apparel stores. ._
Shoe stores. ._
Drug and proprietary stores
Eating and drinking places
Food group _
Grocery stores __
Gasoline service stations
_ _
do..
do
do
do
do.
do
111
440
4Q9
741
425
50
932
536
335
233
2 019
5 861
5 376
1 915
4 2Q8
792
429
803
9KQ
r
26 444
r
r 1OQ
r
4 814
923
2 059
6? 050
5 548
2 040
r
T 903
2 071
r R OO9
T K 500
r
2 020
9oc
35, 280
15 295
6 669
2,636
2, 492
35, 628
15 015
6 422
2,698
2,455
37, 193
15 760
7 035
2,759
2,489
38, 171
16 384
7 615
2,775
2,492
35, 846
16 144
7 938
2,512
2,401
35, 856
16 574
8 160
2,515
2,444
36, 349
16 681
8 255
2,518
2,410
37, 108
16 855
8 221
2,548
2,471
37, 199
16 826
8 105
2,599
2,514
36, 935
16 695
7 966
2,606
2,527
36, 9
337
16 95
7 fiR^
35, 894
15 972
7 0CO
2,594
2,477
2,556
2,432
Nondurable goods stores 9
do
Apparel group
do
Foodgroup..
___ ... _ do
General merchandise group
do
Department stores
.
do
18, 698
3,811
4,066
5,882
3,519
19, 702
4,102
4 201
6,425
3 919
19, 985
4, 245
4 114
6,680
4 019
20, 613
4,449
4 202
7,027
4 271
21, 433
4,575
4 310
7,523
4 608
21, 787
4,649
4 258
7,671
4 760
19, 702
4,102
4 201
6*425
3 919
19, 282
3,977
4 164
6,309
3 793
19,668
4,222
4 129
6,460
3 891
20,253
4,308
4 189
6,767
4 108
20, 373
4,314
4 167
6,833
4 123
20, 240
4,270
4 149
6 816
4 120
20, 042
4,131
4 176
6 693
4 fl9c
19, 922
4,125
4 122
6 760
34, 607
36 961 36 191 36 355 36 680
15, 194
16, 536 16, 079 16,241 16, 496
7,244
7,536
8,108
7 719
7 949
2,449
2,574
2, 636
2 656
2' 666
2,467
2,494
2,483
2,467
2'. 522
r
Revised.
i Advance estimate.
fRevised series. Data reflect use of new sample
(effective with data for Oct. 1965) based on definitions and classifications of the 1963 Census
of Business; the 1965-66 retail inventories also reflect incorporation of new data from 1965
Retail Trade (Census annual) and updating of seasonal factors. Latest revised data back
to 1959 appear in the November, April, and February 1966 issues of the SURVEY (refer in
36 734
36 961
16, 536
8 108
2 574
2! 483
36 924
16, 491
7 867
2 598
2! 530
36 644
16* 315
7 672
2 612
2.447
36 526
16, 142
7 515
2 561
2.418
36 236
16 033
7 409
2 568
2.448
36 263
15* 904
7 315
2 585
2! 451
or- f>R7
OC QQ7
15 661
7 154
2 586
2! 419
15 549
6 966
2 571
i 8 704
Q90
782
416
9KA
17 998 T 17 852 r!8 016 117 984
1 524 r l fj3g
1 567
326
' 332
341
T PJQ4.
596
616
r 371
358
354
T 241
244
256
35, 846
16, 144
7 938
2,512
2,401
8 171
2 648
2^525
8 549
5 088
4* 768
r 9fift
33, 435
14, 737
7,070
2,390
2,386
ie' 58i
26 558 126 688
T 71 Ft
Estimated inventories, end of year or month: t
Book value (unadjusted), total f
mil. $__
Durable goods stores 9
do
Automotive group. __
do
Furniture and appliance group
do
Lumber, building, hardware group. _ d o _ _ - _
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
r
4
07fi
2.427
2
6
5
2
911
121
047
535
032
3 569
2 343
991
20, 415
4,407
4 108
6 970
4 212
35 947
15 422
6 786
9 569
2^429
that order to pp. 26, 18, and 20, respectively); revised accounts receivable data prior to Oct
1965 are not available. Complete details for retail sales appear in the Monthly Retail Trade
Report, Jan. 1966 and subsequent issues, available from the Bureau of the Census, Wash.
D.C. 20233. 9 Includes data not shown separately, d" Comprises lumber yards, building
materials dealers, and paint, plumbing, and electrical stores.
October 1967
SURVEY OF CURRENT BUSINESS
S-12
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
| 1966
1967
1966
Annual
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail storesf— Continued
Estimated inventories, end of yr. or mo. f— Con.
Book value (seas, adj.)— Continued
Nondurable goods stores 9
mil $
Apparel group
do
Food group
do
General merchandise group
do
Department stores
do
19,413
4,033
4,086
6,340
3,772
20, 425
4,318
4,209
6,909
4,200
20, 112
4,186
4,207
6,708
4,060
20, 114
4,174
4,219
6,721
4,079
20, 184
4,186
4,230
6,753
4,074
20, 153
4,230
4,150
6,745
4,111
20, 425
4,318
4,209
6,909
4,200
20,433
4, 343
4,248
6,951
4,240
20, 329
4,389
4,162
6,832
4,162
20, 384
4,369
4,156
6,895
4,179
20, 203
4,288
4,114
6,817
4,115
20, 359
4,335
4,149
6,900
4,174
20, 426
4,321
4,184
6,904
4,201
20, 448
4,328
4,189
6,961
4,233
20, 525
4,333
4,205
6,997
4,250
Firms with 11 or more stores:f
Estimated sales (unadj.) total 9 1
73, 356
80, 323
6,565
6,759
6,804
7,190
9,940
5,695
5,550
6,855
6,500
6,839
7,252
6,683
7,063
371
43
140
101
404
47
152
111
415
53
151
114
339
39
126
92
411
43
148
112
do
Apparel group 9
Men's and boys' wear stores
\Vomen 's apparel accessory stores
Shoe stores
do
do
do
do
4,445
557
1,656
1,168
4,770
573
1,779
1,269
377
40
141
97
401
44
145
116
409
51
155
100
444
57
166
108
722
99
266
169
306
43
106
85
271
31
102
76
430
45
152
133
Drug and proprietary stores
Eating and drinking places
Furniture and appliance group
do
do
do
2,300
1,891
1,193
2,663
2,222
1,276
212
189
111
214
189
109
219
189
115
229
184
117
380
203
136
217
193
90
221
185
89
250
206
103
229
202
104
243
214
115
256
223
116
247
223
113
251
226
118
General merchandise group 9
Dept stores excl mail order sales
Variety stores
do
do
do
26, 112
17, 593
4,096
28, 988
19, 653
4,593
2,383
1,605
371
2,388
1,632
371
2,468
1,687
377
2,886
1,947
429
4,440
2,987
809
1,822
1,256
266
1,720
1,146
278
2,324
1,561
383
2,237
1,533
341
2,432
1,667
388
2,559
1,767
407
2,276
1,547
371
2,590
1,750
414
Grocery stores
do
Lumber yards bldg materials dealersd71 do
Tire battery accessory dealers
do
27, 627
29,906
2,414
2, 582
2,513
2,437
2,949
2,330
2,334
2,686
2,516
2,498
2,692
2,582
2,549
1,312
1,472
120
116
123
126
175
97
93
116
127
133
150
129
126
do
6,729
6,762
6,871
6,856
6,700
6,885
6,907
6,852
6,993
6,948
7,171
7, 162
7,013
Apparel group 9
Men's and boys' wear stores
\Vomen 's apparel accessory stores
Shoe stores
do
do
do
do
405
51
147
103
395
50
144
104
406
49
155
106
406
49
151
112
397
48
141
109
421
52
154
112
418
46
160
109
372
47
138
98
438
50
165
121
407
47
151
109
424
52
155
112
415
49
150
111
436
54
156
119
Drug and proprietary stores
Eating and drinking places
Furniture and appliance group
do
do
do
223
175
225
183
227
185
237
191
242
206
240
213
254
214
253
209
245
205
252
209
261
209
256
208
265
209
General merchandise group 9
Dept. stores, excl. mail order sales
Variety stores
do
do _
do
2,417
1,650
380
2,444
1,665
388
2,495
1,664
390
2,552
1,725
411
2,403
1,638
388
2,513
1,730
402
2,471
1,685
387
2,449
1,671
369
2,528
1,683
420
2,482
1,710
417
2,627
1,774
422
2,643
1,738
416
2,486
1,780
427
2,544
2,519
2,549
2,518
2,489
2,492
2,548
2,556
2,583
2,575
2,591
2,613
2,628
117
122
123
128
124
127
131
135
127
123
130
118
125
Estimated sales (seas adj ) total 9 1
Grocery stores
___
.
„
do
Lumber yards bldg materials dealers c?1 do
Tire battery accessory dealers
do
A 11 retail stores, accounts receivable, end of yr. or mo.:
Total (unadjusted) t
mil $
Durable goods stores
do
do
do. _
Charge accounts
Installment accounts..
Total (seasonally adjusted)!
Durable goods stores
Nondurable goods stores
Charge accounts
Installment accounts
18, 193
7,120
11,073
8,269
9,924
18, 986
7,212
11, 774
8,164
10, 822
17,480
7,059
10, 421
7,883
9,597
17, 420
6,975
10, 445
7,739
9,681
17, 546
6,991
10,555
7,855
9,691
17,816
6,981
10, 835
7,970
9, 846
18, 986
7,212
11, 774
8,164
10, 822
18,167
6,954
11,213
7,630
10,537
17, 538
6,751
10, 787
7,338
10,200
17, 656
6,766
10, 890
7,518
10, 138
17,814 18,005
6,943
6,875
10, 939 11,062
7,789 8,013
10,025 9,992
18, 359
7,225
11,134
8,194
10, 165
18, 169
7,236
10, 933
8,109
10, 060
do
do
do
do
do
17, 034
6,916
10,118
7,833
9,201
17, 767
6,987
10, 780
7,730
10, 037
17, 695
6,867
10, 828
7,960
9,735
17, 592
6,817
10, 775
7,818
9,774
17, 578
6,775
10, 803
7,807
9,771
17, 744
6. 905
10, 839
7, 834
9,910
17, 767
6,987
10, 780
7,730
10, 037
17,849
7,124
10,725
7,690
10,159
18,007
7,144
10, 863
7,721
10, 286
18, 159
7,129
11,030
7,804
10-355
18,211 17,926
7,181 6,973
11,030 10, 953
7,920 7,827
10, 291 10, 099
18, 225
7,049
11,176
7,992
10, 233
18,304
7,091
11,213
8,115
10, 189
LABOR FORCE, EMPLOYMENT, AND EARNINGS (see box, bottom of p. S-15)
POPULATION OF THE UNITED STATES
Total, incl. armed forces overseas-mil
LABOR FORCE
Labor force, total, 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 that group) :©
All civilian workers
. _
Men, 20 years and over
Women, 20 years and over
Both sexes, 16-19 years
Married men*
Nonwhite workers*- ..
White workers*
i 194. 59
i 196. 92
197. 11
197. 32
197. 54
197. 74
197. 93
198. 11
198. 28
198. 43
198. 61
198. 76
198. 94
199. 12
199. 32
199.53
77, 178
74, 455
71,088
66, 726
4,361
3,366
78, 893
75, 770
72, 895
68, 915
3,979
2,875
80, 664
77, 486
74, 666
70, 359
4,3<07
2,820
78, 979
75, 750
73, 247
69, 062
4,185
2,503
79, 487
76, 208
73, 743
69, 630
4,113
2,465
79, 895
76, 573
73, 9S5
70, 180
3,815
2,578
79, 644
76, 254
73, 599
70, 239
3,360
2,655
78,706
75, 320
72, 160
68,826
3,335
3,160
79, 107
75, 689
72, 506
69, 225
3,281
3,183
78, 949
75, 513
72,560
69, 149
3,410
2,954
79, 560
76,111
73, 445
69, 724
3,721
2,666
79, 551
76,095
73, 637
69, 812
3,825
2,457
82, 464
79, 020
75, 391
70, 996
4,395
3,628
82, 920
79, 471
76, 221
71,705
4,516
3,250
82, 571
79, 112
76, 170
71,792
4,378
2,942
80, 982
77, 526
74,631
70, 700
3,931
2,895
755
536
76, 069
73, 141
69, 206
3,935
2 928
462
76, 039
73, 195
69,309
3,886
2 844
493
76, 081
73, 199
69, 420
3,779
2 882
517
76, 612
73, 897
70,005
3,892
2,715
484
76, 764
73, 893
69, 882
4,011
2,871
496
77, 087
74, 255
70, 240
4,015
2,832
485
77, 025
74, 137
70, 247
3,890
2,888
439
76, 523
73, 747
69, 892
3,855
2,776
436
76, 740
73,910
70, 020
3,890
2,830
436
76, 189
73, 289
69, 637
3,652
2,900
414
77, 237
74, 147
70, 420
3,727
3,090
444
77, 505
74, 489
70, 633
3,856
3,016
435
77, 701
74,718
70, 726
3,992
2,983
441
77, 803
74, 625
70, 949
3,676
3,178
437
4.5
3.2
4.5
14.8
3.8
2.5
3.8
12.7
3.8
2.5
3.9
12.5
3.7
2.4
3.8
12.9
3.8
2.4
4.0
12.7
3.5
2.4
3.4
11.4
3.7
2.4
3.9
12.2
3.7
2.2
4.3
11.0
3.7
2.2
4.0
13.2
3. 6
2.3
4.1
10.7
3.7
2.3
4.1
11.6
3.8
2.4
3.9
13.1
4.0
2.6
4.3
12.6
3.9
2.4
4.3
12.6
3.8
2.4
3.9
13.7
4.1
2.3
4.9
13.8
2 4
8.1
4.1
1.9
7.3
3.3
2.0
8.0
3.3
1.9
7.2
3.2
1.9
7.4
3.4
1.7
6.9
3.1
1.7
7.6
3.3
1.7
6.6
3.3
1.6
7.1
3.3
1.7
7.4
3.1
1.9
7.3
3.3
1.9
7.8
3.3
2.0
7.8
3.5
1.8
7.2
3.5
2.0
6.9
3.5
1.8
7.9
3.6
2.3
2.0
Occupation: White-collar workers*
2 3
2.0
4.4
4.1
4.2
Blue-collar workers*
5.3
3.8
3.9
Industry: Private wage and salary workers* .
4.6
3.8
8.5
Construction*
8.1
10.1
8.1
3.2
Manufacturing*- ..
3.3
3.2
4.0
2.9
Durable goods*
2.9
3.5
2.8
r
Revised.
1 As of July 1.
fSee corresponding note on p. S-ll.
9 Includes data not shown separately.
(^Comprises lumber yards, building materials dea ers, and \mint, plurnbing, aiid electr cal
stores.
©Effective Feb. 1967 SURVEY, data reflect revise d seasona factors a nd chanp es in co\7?r
age. sample, and definition as follows: For all period s — data co ver persoris 16 yeai s of age f ind
2.1
4.0
3.8
8.8
3.0
2.5
22
2.2
2.5
2.2
1.9
2.1
1.7
2.1
2.0
1.9
1.9
4.4
4.6
4.7
4^7
4.6
4.6
4.2
4.2
4.1
4.2
4.2
3.9
4.2
4.1
4.0
3.7
3.9
3.7
3.7
3.7
3.8
3.6
5.4
7.1
7.6
7.8
8.6
7.1
8.1
7.5
8.9
7.3
9.2
3.8
4.1
4.0
3.9
3.7
3.9
3.6
3.0
3.3
3.3
2.8
3.4
3.7
4.1
3.4
3.8
3.6
3.0
3.0
2.7
2.8
2.3
n person s previotisly cove red); beg inning J an. 1967--sample
over ( ^liminati ng aboui a inillio
oxpan ied (to £ 2.500 hoiiseholds) and chsmges ma de in de fmitions for emol oyment and unemplo yment (c .ata are r easonabl y compa rable wit i earlier estimate s) ; see Fe b. and IV ar. 1967
BLSI]MPLOYM E N T A N D EARNIN GS AND M ONTHLY REPORT ON THE L ABOR FO RCE, U.S . G P O ,
or
Washi ngton, D .C. 2040S>.
*N(5W series Month ly data £ire availsible back to 1948 f some
series; 1957 for Dthers.
October 1967
S-13
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
Annual
1967
1966
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.p
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued (see box, bottom of p. S-15)
EMPLOYMENT
Employees on payrolls of nonagricultural estab.:f
Total, not adjusted for seasonal variation, .thous . . 60,832
Seasonally Adjusted
..
Total
thous
Mining
do
Contract construction
do
Manufacturing-..
... ._ do
Durable goods
do
Ordnance and accessories
do
Lumber and wood products . - - do
Furniture and
fixtures
do
Stone, clay, and glass products
do
Primary metal industries 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
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 __
.. -..doState and local
do
Production workers on manufacturing payrolls:
Total, not seasonally adjusted!
thous ..
63,982
64, 0
65,017
65,351
65, 559
66, 087
64,531
64,491
64,843
65, 215
65, 594
66, 514 '66,129 r 66, 438
60, 832
632
3,186
18, 062
10 406
226
607
431
628
,301
269
735
,659
741
389
420
7,656
1 757
87
926
1,354
639
979
908
183
471
353
63 982
625
3 292
19 186
11 256
256
613
462
645
1 345
1 349
1 911
1 896
1 912
433
434
7 930
1 779
84
962
1,399
668
1 022
958
186
510
364
64 345
64 394
64 694
65 014
65 251
65 564
65 692
65 749
620
617
65,903
619
3 239
19 422
11 457
3 241
19 498
11 485
'270
624
65 653
65 639
624
3 291
19 526
11 496
3 352
19 507
11 482
3 313
19 445
11 434
3 276
19 331
11 322
3 192
19 238
11 283
598
469
640
272
596
469
640
3 311
19 558
11 507
283
603
465
640
286
602
459
638
288
592
455
628
286
584
453
624
1 956
1 955
1 369
1 372
1 968
1 956
1 959
1 364
1 374
1 978
1 955
1 959
1 362
1 374
1 988
1 958
1 938
1 348
1 372
1 984
1 959
1 938
1 332
1 364
1 984
1 947
1 932
1 305
1 354
1 979
1 916
1 916
1 299
1 348
1 972
1 904
1 927
442
8 051
1 795
436
8 025
1 798
434
8 Oil
1 803
433
8 009
1 800
432
7 955
1 797
85
954
84
952
86
945
86
941
1,414
680
1 053
1,401
681
1 056
1,384
684
1 065
1,390
680
1 063
1,395
679
1 064
527
360
523
356
521
351
520
354
472
352
4 036
12 716
3 312
9 404
3 023
9 087
10 091
2 378
7 714
4
13
3
9
3
9
10
2
8
151
211
438
773
102
545
871
564
307
247
541
521
020
165
883
373
673
700
4 246
13 557
3 535
10* 022
3 179
9 946
11 439
2 685
8 754
4 212
13 572
3 545
10 027
3 194
9 973
11 475
13, 434
13 434
7 715
96
532
357
505
1 062
983
1 215
1,140
1 241
248
336
5 719
1 159
75
827
1 206
498
621
630
3 273
19 371
11 395
261
611
467
643
1 364
1 358
1 942
1 950
1 923
439
625
3 260
19 337
11 401
263
602
465
639
361
358
947
942
949
439
623
267
599
466
640
1 370
1 364
1*959
445
621
446
623
451
437
7 976
1 787
436
7 936
1 763
436
7 965
1 769
438
8 013
1 793
438
8 030
1 795
1,399
673
1 030
1,396
667
1 032
1,404
673
1 037
1,408
678
1 041
1,411
679
1 044
83
968
969
187
80
964
79
963
969
186
973
186
517
362
519
362
4 126
13 259
3 460
9 799
3 114
9 en
10 961
2 595
8 366
4 184
13 279
3 455
9 824
3* 118
9 619
10 972
2 597
8 375
4 190
13 354
3 469
9 885
3 120
9 675
11 071
2 617
8 454
14, 273
14, 490
14, 657
14 273
8 349
122
535
383
518
1 096
1 050
1 345
1,317
1 361
111
347
5 925
1 181
72
857
1 243
519
650
572
116
14 409
8 447
14 363
8 448
516
364
84
962
976
187
523
361
86
962
625
277
607
466
642
453
89
963
983
187
978
187
527
361
984
187
456
981
186
456
984
187
454
982
187
546
113
366
310
397
318
126
534
386
516
1 112
1 057
1 368
1,351
1 368
281
348
5 962
1 188
70
863
128
524
385
511
1 108
1 057
1 372
1*349
1 390
279
345
5 915
1 166
68
858
605
66,100
598
89
'84
78
3,223 3,228
3 231
19,285 r 19, 169 ' 19, 355 19, 174
11 285 '11 218 '11,362 11, 205
297
'297
'292
290
583
'583
'•585
590
451
'450
452
' 447
621
'626
'625
626
,287
1,295 ' 1 280'1,291
1 357 ' 1 350' 1 356 ,337
,979
1 972
1 969 '1,977
,892
1,872
1 889 '1,925
1 947 r \ 896 ' 1 976 ,882
454
'456
454
' 455
422
'425
430
430
r
8,000 7 951 ' 7, 993 7,969
1,766
1 806 ' 1 790' 1, 772
87
r 940
947
'945
948
1,376
1,396 '1,376 '1,384
r
689
'689
688
689
1 066
1 066 ' 1 068 1,063
991
990
'991
'989
189
479
351
191
191
'521
'348
'479
342
191
519
349
' 4 292 ' 4 285 4,271
3 484
9 922
3 132
9 744
11 160
2 616
8 544
4
13
3
10
3
9
11
2
8
14, 653
14, 619
14,513
14, 304
14, 252
14, 200
14,104
14, 059
14, 249
13, 996 '14,298
14 434
8 488
14 490
8 505
14 495
8 501
14 506
8 502
14 436
8 459
14 358
8 407
14 233
8 286
14, 170
147
514
374
499
14 147
8 254
146
525
379
509
1 109
1 069
1 390
1,347
1 394
286
349
5 994
1 195
1 106
1 068
1 398
1,348
1 373
289
353
6 004
1 196
1 091
1 065
1 392
1,345
1 371
288
347
1 049
73
848
1*200
72
845
1 380
,298
1 347
289
343
5 947
1 195
1 042
1,041
1 373
1,284
1 361
287
342
5 893
1 196
1,037
1,048
1,372
1,251
1,377
285
340
5 977
1 197
1 073
1 059
1 388
1,332
1 363
289
344
5 951
14 056 '14 225 14,034
8,148
8 170 ' 8, 308
153
' 151 ' 155
506
'507
'508
r 366
370
'368
491
'495
498
' 1 023' 1 034 1,029
1,031
' 1 041' 1, 048
r i 368
1,373
1 375
1,272
' 1, 265 '1,298
' 1 326' 1 408 1,311
281
'284
'285
331
'336
'339
r 5 886 ' 5 917 5,886
' 1 185' 1 163 1,155
4
13
3
10
3
9
11
2
8
2*688
8 787
4
13
3
10
3
9
11
2
8
267
609
549
060
205
987
524
698
826
4 266
13,648 '13 647 ' 13, 656
3 555 r 3 555
10 093 ' 10* 092
3,227
3 234
10 035 r 10 074
11 636 '11 669
2,747
2 759
8 889 r 8 910
Seasonally Adjusted
Totalt
thous
Durable goods..
do ..
Ordnance and accessories
do
Lumber and wood products
- - . do .
Furniture and
fixtures
do
Stone, clay, and glass products
do
Primary metal industries
do
Fabricated metal products .. ... .do
Machinery, except electrical
do
Electrical equipment 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 publishingdo
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products, nec_
do
Leather and leather products
do
623
65, 939 ' 66, 216
3 187
4 218
13 416
3 496
9 920
3 144
9 781
11 252
2 653
8 599
4 212
13*406
242
515
512
003
152
g4o
321
667
654
454
r
66, 714
130
522
386
512
1 117
1 062
1 380
1,356
1 393
283
347
5 946
1 174
67
858
133
521
389
512
1 116
1 069
1 384
1,352
1 396
284
349
5 985
1 195
72
856
136
519
389
513
74
856
140
530
385
512
77
856
143
524
384
509
046
73
838
147
507
375
495
74
835
8,240
149
512
371
498
5,930
1,201
75
841
1 245
1 240
1 248
1 252
1 252
1 254
1 243
1 226
1 232
1,235
1,239
524
655
580
117
402
318
516
655
578
116
402
316
522
658
581
116
406
316
526
660
584
117
408
315
527
663
584
118
411
314
527
668
585
117
411
313
529
670
585
117
406
309
531
674
580
116
403
304
526
673
583
118
402
307
525
672
580
117
354
305
535
673
583
119
362
302
42 7
37.2
41.4
41.4
42 8
37 7
41.5
41.4
42 7
37 5
41.4
41.3
42 7
37 4
41.3
41.3
42 4
37 4
40.3
40.4
42 7
37.4
40.2
40.5
42 0
36.4
40.4
40.3
42.2
37.4
40.6
40.3
42 1
4 3
42.1
40 4
41.2
41 9
42.5
42 4
43.8
41.0
42.2
42.0
40.0
42 1
4 1
42.4
40 5
41.0
41 7
42.3
42 3
43.8
40.9
41.9
41.9
39.9
42 6
38 2
40.8
41.0
36
41 7
39
42 0
40 4
40 7
41 9
41.8
42 2
43.5
40.7
41 6
41 8
40.0
42 2
37 6
40.1
40.3
42 3
4 3
42.3
40 5
41 3
42 0
42.5
42 7
44.2
41.2
42 8
42.1
39.9
42 5
38 1
41.3
41.0
35
41 7
39
42.0
40 3
40 6
41 7
41.7
42 1
43.6
40.6
41 6
41.9
39.7
41 0
37
41.7
40 3
40 2
41 5
40.9
41 4
43.0
39.7
40 7
40.9
38.7
41 1
35
41.9
40 7
40.2
41 5
40.8
41 5
42.9
40.0
40.7
41.5
39.2
41 0
41.0
40.9
41.6
40 6
40.3
41 3
40.2
41.5
42.8
39.6
40.9
41.5
39.7
42.0
40.1
40.1
41 1
40.6
41.3
42.3
39.9
41.7
41.1
39.5
'3 562
'10 094
' 3, 256
'10 130
' 11, 706
' 2, 746
'8 960
'72
76
'838
'834
' 1 220' 1, 227
'536
'536
674
r 585
119
r
675
585
119
'362
'402
'300
'43 2
37.5
'40.3
'40.4
'3.3
41 0
'3 5
'41.8
'39 9
40 2
41 3
'40.9
' 41 3
'42 1
'40.3
'41 4
'41 0
'39.2
' 42 7
37.5
'40.7
'40.7
r
^ *\
' 41 4
295
13,686
3,556
10, 130
3,265
10, 176
11, 702
2,762
8,940
14, 318
67
840
1,219
535
668
584
120
398
300
HOURS AND MAN-HOURS
Seasonally Adjusted
Average weekly gross hours per production worker
on payrolls of nonagricultural estab.rf
Mining
hours
Contract construction . . .
do
Manufacturing: Not seasonally adjusted
do
Seasonally adjusted
do
Overtime hours
...
do
Durable goods
do
Overtime hours. do
Ordnance and accessories.
... . .do
Lumber and wood products
do
Furniture and fixtures - - - _ do
Stone, clay, and glass products
do
Primary metal industries
do
Fabricated metal products
do
Machinery, except electrical
do
Electrical equipment and supplies
do
Transportation equipment
do
Instruments and related products
do
Miscellaneous manufacturing ind
do
' Revised.
*> Preliminary.
fSee box, bottom of p. S-15.
42 3
37 4
41.2
42 7
37 6
41.3
36
42 0
39
41 9
40 9
41 6
42 0
42.1
42 1
43 1
41.0
42 9
41.4
39.9
39
42 1
4 3
42 3
40 8
41 5
42 0
42.1
42 4
43.8
41.2
42 6
42.1
40.0
3.9
42 2
4.3
42.1
40 5
41.5
41 8
42.3
42 4
43.9
41.2
43 0
41.9
4n.o
3.9
3.9
3.8
3.4
3.3
3.2
3.3
3.2
3.3
3.2
3.3
41.2
40.1
40.3
41.3
40.6
41.2
42.0
40.0
41.2
41.0
39.4
3.5
'42.4
40 0
40.3
41 5
41.1
'41 4
'42.3
'40.4
'42 8
'41.2
'39.4
42.7
38.3
40.8
40.7
3.4
41.4
3.5
43.0
40.2
40.4
41.9
40.9
41.7
42.4
40.3
42.6
41.2
39.5
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
| 1966
Annual
October 1967
1967
1966
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.p
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued (see box, bottom of p. S-15)
HOURS AND MAN-HOURS— Continued
Average weekly gross hours per production worker
on payrolls of nonagric. estab. 1— Continued
Manufacturing— Continued
Nondurable goods ..
hours
Overtime hours
do
Food and kindred products
.
do
Tobacco manufactures
.__ .
do.
Textile mill products
do
Apparel and other textile products
do
Paper and allied products
Printing and publishing _
Chemicals and allied products . ..
Petroleum and coal products
Rubber and plastics products, nee
Leather and leather products
Wholesale and retail trade. . Wholesale trade
Retail trade
..
do
do
.do
do
do
do
- . . do
do
.do .
Seasonally Adjusted
Man-hours in nonfarm estab., all employees,
seasonally adjusted, annual ratef
bil. man-hours ..
40.1
3.2
41.1
37.9
41.8
36.4
40.2
3.4
41.2
38.8
41.9
36.4
40.2
3.3
41.1
38.0
42.0
36.5
40.1
3.4
41.1
38.6
42.0
35.9
40.1
3.4
41.1
38.0
41.4
36.6
40.2
3.3
41.1
38.5
41.2
36.5
39.9
3.3
41.0
39.0
40.9
36.4
40.0
3.3
41.1
38.7
40.9
36.6
39.5
3.1
41.0
38.2
40.2
35.6
39.5
3.2
41.1
38.2
40.2
35.5
39.8
3.0
40.8
39.4
40.8
36.2
39.5
3.0
40.6
38.3
40.5
35.9
39.5
3.0
41.0
39.0
40.4
35.7
39.6
3.0
40.6
'38. 4
40.6
'35.9
39.7
'3.1
'40.8
39.1
'41.1
'35.8
39.8
3.2
40.6
37.6
41.5
36.0
43.1
38.6
41.9
42.2
42.0
38.2
43.4
38.8
42.0
42.4
42.0
38.6
43.3
38.8
42.0
42.0
41.8
38.7
43.4
38.9
42.1
42.0
41.9
38.3
43.2
39.0
42.1
42.4
42.0
38.5
43.3
39.0
42.1
42.5
41.9
38.6
43.1
38.6
41.9
42.4
41.4
38.0
43.2
38.8
41.8
42.0
41.5
38.3
42.8
38.6
41.4
42.6
40.9
37.1
42.8
38.5
41.6
43.0
41.0
37.0
42.5
38.6
41.5
42.6
41.1
37.7
42.5
38.3
41.2
42.6
40.9
37.7
42.6
38.3
41.3
42.6
41.2
37.9
42.7
'38.3
41.5
42.8
'40.6
'38.4
'42.6
38.3
'41.4
'42.7
'41.8
'38.3
42.8
38.5
41.6
42.2
41.7
38.5
37.7
40.8
36.6
37.1
40.8
35.9
37.2
40.8
36.1
37.1
40.7
35.9
36.9
40.7
35.7
36.9
40.6
35.6
36.7
40.6
35.6
36.8
40.7
35.5
36.6
40.5
35.3
36.6
40.5
35.3
36.4
40.4
35.1
36.3
40.3
35.2
36.7
40.5
35.4
36.7
'40.5
'35.4
'36.7
'40.4
'35.6
36.7
40.4
35.5
132. 72 '132. 69
133. 34
134. 24 P135. 43
125. 38
131.26
132. 18
131.84
132. 26
133. 12
133. 08
134. 03
133. 52
133. 51
Man-hour indexes (aggregate weekly), industrial
and construction industries, totalf
1957-59=100..
109.3
83.0
Mining
do
Contract construction .
... . . ..do
110.5
110.4
Manufacturing
do
Durable goods
do
114.3
113.3
Ordnance and accessories
do
97.0
Lumber and wood products
do
Furniture and fixtures . .
. do . _ 119.5
108.3
Stone, clay, and glass products
do
115.9
82.2
114.7
117.8
124.2
144.9
97.4
127.7
111.2
116.6
83.4
112.6
119.1
125.9
149.3
96.5
128.9
110.3
116.4
82.6
113.4
118.7
1-26.2
152.3
94.7
127.9
109.8
116.4
81.9
112.0
119.0
126.0
154.0
94.1
127.9
109.7
116.5
81.4
111.7
119.2
125.9
158.7
94.1
128.3
109.2
116.5
81.3
115.7
118.5
125.0
160.7
93.3
127.0
109.4
116.9
81.7
116.6
118.8
125.2
165.4
95.5
126.1
109.7
114.9
80.6
116.7
116.3
122.3
167.8
94.2
124. 2
108.0
114.3
80.8
114.6
115.9
121.9
172.1
95.3
122.6
108.0
113.2
80.9
112.6
114.9
119.8
172.1
93.1
121.2
105.4
111.5
79.4
106.7
114.0
119.5
173.7
90.7
121.0
104.1
111.9
79.7
109.1
114.1
118.9
172.7
91.6
120.3
105.2
111.8
'82.2
111.2
113.4
118.3
'177. 6
'90.4
'118.4
105.2
'113.4
'78.5
'110.9
'115.6
'121.4
'184. 9
'90.5
'119.3
'105. 1
112.5
76.8
113.4
114.2
119.1
185.1
90.7
120.2
105.2
Primary metal industries
..
Fabricated metal products
Machinery, except electrical
Electrical equipment and supplies. .
Transportation equipment
Instruments and related products .
Miscellaneous manufacturing ind
do.. .
do
do
do
do
do..
do
113.3
117.2
123.6
125.7
107.1
112.7
109.4
116.9
126.1
139.0
145.8
116.7
127.7
113.4
119.2
126.9
141.7
149.7
118.4
129.0
113.7
119.3
127.8
143.1
149.5
119.7
128.7
112.4
120.3
127.5
142.6
149.5
118.3
130.3
113.4
119.6
128.1
143.0
148.7
117.7
130.4
113.7
117.2
127.5
143.0
147.1
116.7
131.3
113.2
117.1
127.7
143.5
147.6
114.9
132.4
115.3
113.1
124.9
141.2
143.6
112.3
129.1
109.7
110.9
124.5
140.5
143.3
111.6
131.4
110.1
106.8
123.0
139.3
138.2
110.9
131.4
111.2
107.2
121.8
137.0
137.8
114.2
129.3
110.3
106.7
122.3
136.0
134.6
114.2
128.1
109.4
'106. 0
'121.8
'135. 9
'137. 1
'110.5
'128. 1
'108. 5
'107. 7
'122. 9
137.2
'141.0
'121.3
'128. 2
'108. 1
106.6
121.8
137.3
137.9
112.4
126.9
106.8
Nondurable goods
Food and kindred products.. . . ...
Tobacco manufactures
Textile mill products
Apparel and other textile products
do ...
.do . .
do
do. .
do
105.3
94.4
86.4
102.0
115.1
109.5
96.2
84.6
106.0
118.7
110.2
96.7
81.1
107.1
119.2
109.0
94.9
80.0
106.4
116.7
109.8
95.5
77.6
104.9
119.8
110.4
97.3
84.5
104.2
119.8
110.0
97.0
88.0
103.4
119.5
110.4
97.3
90.9
103.4
120.4
108.5
97.2
85.0
100.7
116.0
108.1
97.7
83.8
100.3
114.1
108.5
96.5
87.7
101.0
117.0
106.9
96.2
86.4
99.9
116.3
107.8
97.5
89.2
100.4
116.0
107.0
'95.3
'89.0
'100.0
'114.9
'108. 0
'94.0
'85.8
'101. 7
'115. 2
107.7
92.9
76.8
103.0
115.1
109.6
110.0
110.2
78.7
135.2
96.9
115.0
115.8
115.9
81.0
146.8
100.6
115.8
116.8
117.3
81.2
147.8
100.7
114.3
117.1
117.2
80.5
148.1
99.0
115.1
117.9
117.8
81.2
150.0
99.5
116.2
118.3
118.4
82.1
150.3
99.5
115.9
117.6
117.9
82.6
149.6
97.6
116.2
119.1
117.8
81.2
150.0
98.1
115.6
118.9
116.7
82.3
146.0
93.8
116.0
119.3
116. 2
82.4
145.3
92.0
114.1
119.4
116.5
83.0
145.3
94.7
113.9
118.3
115.1
82.3
127.3
94.1
116.3
118.5
116.0
83.7
131.2
93.7
'116.8
'118.6
'116.9
84.1
'129. 2
'92.7
'116.5
118.8
'116.7
'83.9
'147. 8
'94.0
116.9
118.2
117.0
83.6
146.0
94.5
123. 52
138. 38
107. 53
117.18
131.15
88.75
88.19
110.04
130. 66
145. 89
112.34
122.09
134. 94
91.80
91.72
114.24
132. 32
149. 77
111.78
120. 96
134.08
93.89
93.68
115. 48
133. 73
152. 05
114.13
123. 94
135. 78
94.02
93.63
116. 05
135. 10
152. 46
113.85
124. 07
136. 21
94.02
94.28
116.89
131.66
144. 14
113.99
123. 77
136. 75
91.43
93.15
116.20
133. 45
148. 83
114.40
124. 62
138. 02
90.80
93.79
115.23
134.09
149. 14
113.42
122.84
136. 63
90.80
90.63
113.71
131.14
143. 60
111.88
120. 77
133. 22
91.08
90.12
112.19
132.09
146. 83
112. 44
121.36
133. 54
93.09
90.74
113.70
134. 51
147. 23
112.56
121.18
132. 48
94.77
90.46
115.23
134.09
149. 54
113.52
122. 89
134. 08
95.18
91.25
116. 62
136. 53
153. 56
114.49
123. 19
132. 25
97.27
93.09
117.46
'139.43
'157.90
'113.65
122. 40
'134.05
'96. 64
92.40
118.01
'137.49
'159.08
'114.77
'123.60
'136.31
'97. 20
94.89
'119.28
138. 57
162. 21
116. 28
125.03
140.61
97.77
95.88
119.99
133. 88
116.20
127. 58
105. 78
137. 71
108.47
85.39
138.09
121. 69
134. 90
109.18
141.86
114.93
88.80
138.09
121.98
133. 55
107.83
139. 35
113.70
88.22
141.10
125. 27
136. 53
110.54
144.41
116.05
89.20
139. 02
124. 26
136. 34
109.74
146. 29
116.05
90.09
139. 02
123. 81
136. 78
110.56
145. 18
116.20
90.45
137. 61
124. 53
138. 60
111.24
144. 93
116.89
91.20
138. 69
122. 89
137. 03
109.35
141.02
115.65
91.87
134. 97
120. 83
135. 88
107.98
136. 21
114.11
90.17
135. 38
120. 72
136. 20
108. 93
136. 49
115.51
92.20
133. 57
121.54
134. 82
108.35
137. 30
115.77
91.57
134.64
123. 26
134. 30
110.12
141. 78
115.90
91.57
136. 12
122. 84
134.09
111.88
141.17
117.01
92.20
'136.27
'121.66
'133.24
'111.32
'140.29
'116.28
'90. 79
'137.83
'123.26
'133.56
'111.35
'143.72
'117.14
'92. 43
138.65
125. 28
134. 72
112. 59
146. 28
118.12
93.06
94.64
99.87
79.21
78.17
66.61
98.49
103.82
84.97
82.12
68.80
99.23
103.34
82.68
83.36
70.30
99.54
104.92
83.62
83.38
67.83
99.94
104. 08
82. 14
83.40
70.64
100. 10
104.90
81.24
83.42
70.25
100.25
106. 14
88.10
82.40
69.87
99.65
106.08
83.16
81.61
70.40
99.18
105. 18
82.08
80.60
71.04
100.08
106.52
87.52
81.20
71.80
100.22
105.86
91.33
81.20
72.16
100.73
107. 18
90.30
82.22
71.80
101.63
108.50
94.41
82.82
72.52
102. 03 102. 80
108. 62 '107.53
'91. 44 '88.20
81.41 '84. 05
'72. 16 '74. 42
104.40
108. 36
87.02
87.35
74.11
do ___
do
do
do
do
do
114.22
118. 12
121.09
138. 42
109.62
71.82
119.35
122. 61
125. 16
144. 58
112.14
74.88
120. 77
123. 24
125.70
142. 72
111.72
75.85
121.92
125.51
127. 14
146. 80
114.21
74.09
121.37
125.51
127. 56
145. 01
113.94
74.68
121.80
124. 87
127. 98
146. 70
113.67
76.03
120. 81
125. 90
127. 68
145. 67
113.13
76.63
119.84
123. 97
126. 16
144.90
112.19
77.20
119.14
123. 33
125. 25
147. 97
109.35
76.13
119.71
125.06
126. 88
150. 94
110.16
75.65
119.00
124. 03
127.49
153. 15
110.30
75.19
120. 28
124. 86
127. 10
153. 58
107. 57
77.04
122.41 123.69
124. 86 '124.91
128. 65 '129.48
152. 72 '156.67
109.03 '105.73
79.28 '79. 75
'123.98
125. 90
'128.86
'152.37
'116.34
'80. 11
125. 42
128.48
130. 62
154. 80
117.46
79.42
do
do
do
do...
76.53
106. 49
66.61
88.91
79. 02
111.38
68.57
92.50
80.73
111.38
70.11
92.13
79.55
112.33
69.09
92.01
79.86
112.74
68.87
93.25
79.57
113.27
68.64
93.00
79.92
114.52
69.65
93.62
80.30
114.09
69.15
94.61
80.22
114. 05
69.10
94.98
80.59
114. 74
69.30
95.35
80.73
115.26
69.80
95.83
81.09
115. 66
69.80
96.20
82.80
116.64
71.56
96.20
84.15
'117.62
'72. 96
97. 20
'83. 78
'115.95
'73. 16
'96. 20
83.08
117. 56
71.51
96.42
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products, nee
Leather and leather products
do
do
do
do
do
do
WEEKLY AND HOURLY EARNINGS
Not Seasonally Adjusted
Average weekly gross earnings per production
worker on payrolls of nonagricultural estab. :f
Mining
dollars
Contract construction
... .
do.
Manufacturing establishments
do
Durable goods
do
Ordnance and accessories..
.
do.
Lumber and wood products
do
Furniture and
fixtures
do
Stone, clay, and glass products. . ... -do
Primary metal industries Fabricated metal products
Machinery, except electrical
Electrical equip, and supplies
Transportation equipment
Instruments and related products
Miscellaneous manufacturing ind
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products
... ...
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products, nee
Leather and leather products
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate
r
Revised.
t> Preliminary.
fSee box, bottom of p. S-15.
do...
do
do
do
do
do
do. . .
.do .
do
do
.do
do
1
October 1967
SURVEY OF CUERENT BUSINESS
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
19G6
1965
Annual
S-15
1967
1966
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
'3. 22
-4.08
2.82
2.71
3.00
2.88
••3. 23
2.41
2.31
2.83
3.34
-2.96
-3.18
2.79
3.43
2.85
2.34
2.57
2.47
2.63
- 2. 40
2.02
-2.01
2.89
3.27
-3.12
-3.61
- 2. 63
2.05
2.25
2.89
2.01
2. 62
-3.19
-4.10
2.82
2.71
3.00
2.88
-3.23
- 2. 40
2 32
-2.84
r
3.37
2.97
3.18
Sept.?
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued (see box below)
WEEKLY AND HOURLY EARNINGS— Con.
Not Seasonally Adjusted
Average hourly gross earnings per production
worker on payrolls of nonagri cultural estab. :f
Mining
dollars
2 92
Contract construction,.
.do. .
3.70
Manufacturing
_ _
do.
2.61
2.51
Excluding overtime
do
Durable goods
do
2.79
Excluding overtime....
.do
2.67
Ordnance and accessories
do
3.13
Lumber and wood products
do
2.17
Furniture and
fixtures
do
2 12
Stone, clay, and glass products
do
2.62
Primary metal industries
do
3.18
Fabricated metal products
do
2.76
Machinery, except electrical
do
2.96
Electrical equip, and supplies
do
2.58
Transportation equipment
do
3.21
Instruments and related products
- .do
2.62
Miscellaneous manufacturing ind
do
2.14
Nondurable goods
do
2.36
Excluding overtime.
. ... do
2.27
Food and kindred products
do
2.43
Tobacco manufactures.
do
2.09
1.87
Textile mill products
do
1.83
Apparel and other textile products
do
Paper and allied products
do
2.65
Printing and publishing
do
3.06
2.89
Chemicals and allied products
do
Petroleum and coal products. .
do
3.28
Rubber and plastics products, nee
do
2.61
Leather and leather products ...
do
1.88
Wholesale and retail trade.
.do
2.03
Wholesale trade _
do
2.61
Retail trade
do
1 82
Finance, insurance, and real estate
do
2.39
MISCELLANEOUS EMPLOYMENT AND
EARNINGSf
Not Seasonally Adjusted
Private sector (excludes government) :
Employees, total, nonagricultural estab
thous . _ 50, 741
42,309
Production or nonsupervisory workers
do
Hours (gross) , average weekly
hours . .
38.8
Weekly earnings (gross), average
dollars ..
95.06
2.45
Hourly earnings (gross) , average
do . .
Spendable Weekly Earnings
Spendable average weekly earnings per worker (with
three dependents) in manufacturing industries:
Current dollars
Constant dollars
1957-59 dollars
Employees on payrolls of nonagric. estab. :f
General building contractors
thous
Heavy construction contractors. _
do
Special trade contractors
do
Railroad transportation
do
Local and interurban passenger transit
do
Trucking and warehousing
do
Transportation by air _ .
do
Telephone communication
do
Electric, gas, and sanitary services
do Laundries and dry cleaning plants
do
Blast furnaces and steel mills
do
Hours (gross, average weekly) per worker:
General building contractors
hours
Heavy construction contractors
.do
Special trade contractors
do
Trucking and warehousing
do
Laundries and dry cleaning plants
do
Motor vehicles and equipment
do
Hourly earnings (gross, average) per worker:
General building contractors
dollars. _
Heavy construction contractors. _
do
Special trade contractors.
do
Trucking and warehousing
do
Laundries and dry cleaning plants
do
Blast furnaces and steel mills
do
Motor vehicles and equipment
do
3 12
3.96
2.75
2 62
2.94
2.79
3.22
2.31
2 25
2.77
3.31
2.91
3.12
2 67
3.41
2.75
2.23
2.48
2.37
2.52
2.09
2.00
1.93
2.79
3.21
3.03
3.42
2.70
1.96
2.17
2.77
1.94
2.50
3 12
3.96
2.76
2.64
2.94
2.80
3.21
2.28
2 25
2.78
3.31
2.92
3.13
2.69
3.40
2.76
2.25
2.49
2.39
2.54
2.11
2.01
1.93
2.80
3.21
3.04
3.46
2.70
1.98
2.18
2.79
1.95
2.50
3 14
3.99
2.77
2.65
2.96
2.82
3.24
2.27
2 26
2.77
3.30
2.93
3.15
2.70
3.41
2.77
2.28
2.50
2.40
2.57
2.17
2.00
1.93
2.79
3.22
3.04
3.46
2.70
1.98
2.16
2.80
1.94
2.51
3 17
4.02
2.78
2.67
2.96
2.84
3.23
2.27
2.26
2.76
3.31
2.94
3.15
2.70
3.39
2.78
2.32
2.51
2.42
2.60
2.20
2.01
1.95
2.80
3.22
3.04
3.50
2.71
2.00
2.20
2.81
1.97
2.55
3.16
4.00
2.79
2.68
2.96
2.84
3.21
2.30
2.27
2.77
3.30
2.94
3.16
2.72
3.38
2.79
2.33
2.53
2.44
2.61
2.28
2.01
1.99
2.81
3.22
3.04
3.54
2.70
2.03
2.21
2.83
1.98
2.56
3.16
3.99
2.79
2.69
2.96
2.85
3.21
2.31
2.28
2.78
3.31
2.93
3.16
2.73
3.37
2.79
2.34
2.54
2.45
2.63
2.34
2.02
2.00
2.81
3.24
3.05
3.56
2.70
2.05
2.22
2.84
1.98
2.57
3.18
3.99
2.80
2.70
2.97
2.86
3.20
2.34
2.29
2.79
3.29
2.95
3.15
2.75
3.39
2.81
2.33
2.55
2.46
2.64
2.36
2.02
2.01
2.82
3.23
3.05
3.57
2.71
2.06
2.23
2.86
2.00
2.59
3.17
4.02
2.81
2.70
2.99
2.87
3.20
2.35
2.31
2.81
3.30
2.97
3.16
2.76
3.40
2.82
2.33
2.55
2.46
2.64
2.37
2.03
2.00
2.83
3.26
3.07
3.58
2.63
2.06
2.24
2.87
2.00
2.60
54, 158
45, 157
38.7
100. 62
2.60
54, 220
45, 167
38.4
54, 590
45, 517
38.6
53, 165
44, 079
38.2
53, 017
43, 895
37.9
53, 289
44, 136
38.0
2.59
2.61
2.62
2.62
53, 990
44, 782
37.9
100. 06
2.64
54,850 -54,858 -55,205
45, 545 -45,493 -45, 770
2.60
53, 631
44, 440
37.8
99.41
2.63
-38.5
101.88 -103. 18
2.66
-2.68
38.6
103. 06
2.67
100. 88
88.41
100. 65
100. 76
101. 09
88.13
100.08
98.86
100. 16
86.11
86.21
86.64
100. 93 -100.27
87.01 - 86. 07
101. 16
87-. 25
99.30
86.35
99.40
87.92
1,152
803
1,698
730
250
1,029
200
796
646
568
590
708
1,114
780
1 646
721
269
1,045
260
787
634
560
583
878
1,096
763
1,607
716
272
1,045
263
785
626
563
573
888
1,067
696
1,565
713
273
1,045
265
790
625
560
568
894
1,028
593
1,525
715
276
1,030
268
791
626
556
562
888
963
531
1,453
699
277
999
273
794
626
550
562
855
931
519
1,413
696
276
994
276
797
626
549
556
845
942
538
1,441
693
277
1,000
281
801
627
553
558
837
979
615
1,512
695
275
960
285
802
628
556
552
813
1,006
678
1,544
697
277
1,023
289
803
629
556
550
827
1,057
745
1,605
707
269
1,042
293
812
644
564
556
830
1,096
-783
1,669
- 706
256
- 1,062
297
-822
- 656
564
-557
- 750
1,120
791
1,683
703
256
1,057
300
821
656
556
557
713
36 3
41.0
37 1
42 5
38 2
40 7
42 8
36 8
42.2
37 8
43 1
38 2
40 9
41 6
36 7
42.3
37 5
43 1
38 2
41 2
42 9
36 9
42.5
37 7
42 9
38 2
40 5
43 5
35 3
38.7
36 0
42 5
37 8
40 2
43 1
36 3
39.9
36.9
42 8
38 1
39 5
42 6
36 3
39.6
36 8
41 5
37 6
40 6
41 0
35 1
35.3
41 8
36 7
39 7
39 2
35 8
39.8
36.3
41 7
37 2
40 0
38 8
36 0
39.4
36.5
38 2
37.5
39 g
38 9
36 0
40.2
36.7
41 8
37.3
39 9
41 3
36.7
42.0
37.3
42 7
37.8
39 9
41 0
37.1
- 42. 9
37.7
-42 5
37.6
- 40 1
-40 4
37.2
43.4
37.6
43.0
37.4
40.0
42.0
3.76
3.54
4 13
3 18
1.60
3 CO
3.76
3.61
4 14
3 17
1.59
3 en
3.84
3.69
4 21
3 22
1.62
3.85
3.66
4.20
3 22
1.64
3 CQ
3.88
3.58
4.21
3 22
1.64
3 58
3.52
3.89
3.56
4.23
3 22
1.65
3 56
3.54
3.89
3.60
4.27
3 20
1.67
3 58
3.50
3.87
3.58
4.27
3 22
1.69
3 56
3.46
3.89
3.49
4.26
3.24
1.70
3 59
3.45
3.87
3.54
4.27
3.19
1.71
3 56
3.49
3.92
3.59
4.30
3.26
1.73
3 58
3.51
3.87
3.67
4.30
3.31
1.74
3 58
3.54
-3.94
-3.76
-4.35
3.33
1.74
- 3 61
-3.57
3.98
3.79
4.35
3.33
1.73
3.65
3.57
3.720
3.748
3.752
3.757
5 371
3.757
5.374
3.832
5.464
3.876
5.533
3. 962
5 364
3.978
5.620
3.97
2.75
2 61
2.93
2.78
3.21
2.31
2 24
2.75
3.32
2.92
3.11
2 67
3.39
2.75
2.23
2.47
2.37
2.51
2.08
1.99
1.90
2.79
3.21
3.02
3.43
2.70
1.96
2.15
2.76
1.93
2.48
45, 097
38.8
2.55
54, 087
45, 072
39.1
99.71
2.55
96. 78
88 06
99.45
87.93
99.00
86.99
994
648
1,543
735
269
964
229
735
623
548
580
843
1,047
674
1,571
718
269
1,008
247
773
628
559
571
859
36 1
40.8
36 9
42 5
38 8
41 0
44 2
3.55
3.38
3 94
3 07
1.52
3 AK
3.88
2.72
2.59
2.90
2.76
3.19
2.25
2 21
2.72
3.28
2.87
3.08
2 65
3.33
2.73
2.22
2.45
2.35
2.52
2.19
1.96
1.89
2.75
3.16
2.98
3.41
2.67
1.94
2.13
2.73
1 91
2.48
53, 111
44, 234
38.7
3.34
Construction wages, 20 cities (ENR) :§
Common labor
$perhr
3.415
Skilled labor .
do
4 951
Farm, without board or rm 1st of mo
do
1 14
Railroad wages (averaee. class D _ _ _
"do
3 nns
- Revised.
* Preliminary.
'As of Oct. 1, 1967.
tSee
3 11
3 07
3.89
2.70
2.58
2.88
2.74
3.20
2.29
2 22
2.73
3.28
2.87
3.07
2.63
3.31
2.72
2.20
2.45
2.34
2.49
2.17
1.98
1.90
2.77
3.16
3.00
3.39
2.66
1.94
2.13
2.73
1.90
2.47
3 06
98.69
3.44
3.623
5 207
1 23
54,095
100.88
2.60
3fii
87.90
99.84
3.42
3.54
3.56
3.693
5 273
3.700
5 294
3.700
5 301
1 18
3.710
5 330
3 lOfi
3.130
3 lOfi a ofin
box, this page.
99.97
5 335
99.70
5 355
1 33
3. 198
99.30
38^9
99.56
1 34
3. 235
3.266
3. 179
§ Wages as of Oct. 1, 1967: Common labor, $3.997; skilled labor, $5.660.
3 DQ8
3.144
3.19
4.02
2.82
2.71
2.99
2.88
3.21
2.39
2.31
2.81
3.32
2.96
3.17
2.79
3.41
2.84
2.34
2.56
2.46
2.64
2.39
2.03
2.02
2.86
3.26
3.10
3.56
2.64
2.07
2.25
2.88
2.01
2.60
38.3
5.560
1.36
3.43
- 2. 85
- 2. 34
2.57
2. 47
- 2. 61
- 2. 25
2.04
-2.05
2.89
3.27
-3.12
3.56
-2.77
- 2. 07
2. 24
- 2. 87
-2.01
- 2. 60
3 23
4.17
2.85
2.73
3.02
2.89
3.27
2.42
2.35
2.85
3.39
2.99
3.20
2.78
3.45
2.86
2.35
2.61
2.50
2.63
2.22
2.11
2.07
2.91
3.32
3.14
3.60
2.79
2.09
2.27
2.91
2.02
2.62
55, 065
45, 628
38.3
103. 41
2.70
86.54
3.978
5.627
U.29
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
1966
Aug.
Annual
October 1967
1967
Oct.
Sept.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued (see box, bottom of p. S-15)
HELP- WANTED ADVERTISING
Seasonally adjusted index
1957-59 = 100
LABOR TURNOVER
Manufacturing establishments: f
Unadjusted for seasonal variation:
Accession rate, total
mo. rate per 100 employees
New hires
do
Separation rate, total
do
Quit
- __
-do _
Layoff
_do __
Seasonally adjusted:
Accession rate, totaL
_ _ _.
do __
New hires .._
_ do
Separation rate, total..
do
Quit
.
_
-do
Layoff
do
INDUSTRIAL DISPUTES
Strikes and lockouts:
Beginning in period:
Work stoppages _
numberWorkers involved
thous
In effect during month :
Work stoppages
number
Workers involved
thous_
Man-days idle during period
do
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
Nonfarm placements
_
_ _ _ thous.
Unemployment insurance programs:
Insured unemployment, all programs©, -do _
State programs:
Initial claims
_
__ . . _ do .
Insured unemployment, weekly avg do
Percent of covered employment:^
Unadjusted
Seasonally adjusted
Beneficiaries, weekly average
thous
Benefits paid
mil. $
Federal employees, insured unemployment,
weekly average.
thous
Veterans' program (UCX):
Initial claims
do
Insured unemployment weekly avg do
Beneficiaries, weekly average
do
Benefits paid
mil $
Railroad program:
Applications
_
thous
Insured unemployment weekly avg do
Benefits paid
mil. $
155
190
189
189
193
194
193
189
190
184
181
174
171
169
v 180
4.3
5.0
38
4.6
2.6
1.2
6 4
4 8
58
3.6
1.1
6.0
4 7
6 6
4.5
1.0
51
4 1
4 8
2 8
1.1
3.9
31
4 3
2.1
1.3
2 9
2 1
4 2
17
1.8
4.3
3 0
4 5
2.1
1.5
3.6
3.9
2 8
4 6
2.1
1.5
3.9
2 8
4 3
2.2
1.3
4.6
33
4.2
2.2
1.1
5 9
4 5
4 3
2.3
1.1
»"4. 6
r3 3
4.8
2.1
1.9
p5.4
p4 0
p5.3
p3. 1
pl.3
5.1
3.8
4. 7
2.6
11
4.9
3.7
5. 0
2.6
11
51
3.9
4.8
3.7
4.6
3.6
4.6
3.6
4.3
3.4
2 6
11
2.6
12
2 7
13
2.5
14
2.5
15
4.1
3.2
5. 2
2.4
17
4.2
3.1
4. 7
2.3
15
4.6
3.2
4. 6
2.2
1.4
4.6
3.2
4.8
2.4
14
M.2
r3. 0
4. 4
2.1
1.6
P4.3
P3.1
p 4. 3
P2.2
p 1.3
31
4. 1
1.9
1.4
4 0
1.9
1.3
3,963
1,550
4,405
1,960
442
117
422
132
410
191
288
126
173
49
275
98
325
106
430
141
440
409
535
255
430
177
375
804
385
86
23, 300
25 400
718
310
3 370
676
226
1,780
651
255
2 190
533
234
2,150
389
158
1 670
440
190
1 270
465
151
1,280
575
202
1 490
600
443
2,170
695
402
3,900
670
350
4,360
630
1,010
4,710
655
231
2,840
6,473
6,493
619
619
592
513
421
440
407
460
476
507
537
487
552
1,419
1,123
9«0
802
799
955
1,313
1,631
1,654
1,603
1,423
1,197
1,070
1,246
1,122
12, 047
1 328
10, 575
1 061
826
928
626
755
709
753
915
903
1,280
1 254
1,346
1 558
1,087
1 582
1,061
1 532
1,005
1 360
848
1,142
803
1,019
1,218
1,184
872
1,059
30
2.3
1 131
2 166
895
1 771
2 0
2 4
791
143.1
1.6
2 2
640
106.5
16
2 1
589
93 7
1.9
2 2
673
114.8
2 7
2 4
902
157 6
33
2 4
1 276
224.8
3.4
2 5
1 349
219.5
3.3
2 6
1 374
257.5
2.9
2 7
1,244
200.6
2.4
2 7
1 014
183.6
21
2 6
925
156 1
2.4
28
907
147.3
2.2
2 6
946
172.8
25
21
18
16
16
17
20
23
24
22
19
18
18
20
19
266
36
34
67 5
182
21
19
39 5
16
19
18
3 2
12
15
14
2 6
13
14
12
2 1
15
16
13
2 4
17
21
16
30
19
25
22
4 0
15
25
23
39
16
24
22
4 2
14
21
21
3 6
14
19
18
3 4
17
19
19
35
22
24
18
31
21
25
23
4 4
138
30
60 3
145
20
39 3
8
15
2.5
7
16
2.4
6
16
21
6
18
2.6
7
19
29
11
25
3.5
6
24
3.8
5
23
4.2
4
20
30
3
17
2.8
15
14
2 5
21
17
2.1
12
18
3.2
575
199
781
418
3 704
16 034
4 360
11 674
3 830
16 249
4 356
11 893
3 964
17 067
4 713
12 354
4,131
16 150
4 934
1] 216
4,116
!7 044
4,976
r
!2 068
4,103
16 816
4,979
11,837
9 721
9 937
10 103
10, 280
10, 435
10, 605
10, 661
5 404
1,368
3 889
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
3 392
9 058
1 903
7 155
8 080
3
13
3
10
603
279
089
190
3 387
12 835
2*653
10 182
3 370
11 778
2 773
9 005
9 452
9 412
9 406
3
13
2
10
3 457
359
045
977
068
14 169
3 153
11 016
9,381
9,357
3
13
3
10
603
279
089
190
9 452
3
14
3
11
601
718
449
269
9,560
3
15
3
11
r
4 281
1*055
2 745
4 958
1 290
3 205
4 853
1 190
3 368
4 900
1 199
3 308
4 926
1,219
3 236
4 938
1 276
3 143
4 958
1 290
3 205
4 986
1 323
3 251
5 036
1 342
3 343
5 111
1 363
3 463
5 175
l'337
3 590
5 248
1,316
3,716
5 303
1 296
3 836
5 358
1,335
3,911
Bank debits to demand deposit accounts, except
interbank and U.S. Government accounts,
annual rates, seasonally adjusted: A
Total (233 SMSA's)O
bil $
New York SMSA
do
Total 232 S MSA's (except N Y )
do
6 other leading SMSA 'si
do_ .
226 other SMSA's..
do
5 151 8
2 138 5
3 013 3
1,140.9
1 872.4
5 923 1
2 502 2
3 420 9
1, 328. 1
2 092 7
6 092 4
2 597 0
3 495 4
1, 357. 1
2 138 3
6 105 2
2 559 1
3 546 1
1, 387. 2
2 158 9
6 065 4
2,551.8
3 513 6
1, 364. 9
2, 148. 7
6 078 5
2 566 6
3 511 9
1, 373. 8
2 138 1
6 406 5
2 844 6
3 561 9
1, 405. 1
2 156 8
6 409 1
2, 847. 3
3 561 8
1, 362. 2
2, 199. 6
6 294 9
2 724 7
3 570 2
1,389.5
2 180. 7
6 315 9
2 756 6
3 559 3
1, 386. 8
2, 172. 5
6 553 5
2, 864. 0
3 689 5
1,451.4
2, 238. 1
6 348 2
2 734.5
3 613 7
1,409.2
2 204.5
6 637 2
2 904 1
3 733 1
1, 476. 4
2,256 7
6 688 7
2, 857. 1
3 831 6
1,560.5
2,271 1
7, 067. 8
3, 185. 7
3 882 1
1,575.0
2, 307. 1
Federal Reserve banks, condition, end of period:
Assets, total 9
mil $
65 371
70 332
66 342
67 385
67 257
68 376
70 332
67 493
67 490
67 385
69 015
68 862
70 135
70, 516
70 126
71 144
46, 507
42
44, 908
12,611
47, 267
54
45, 460
12, 604
48, 268
68
46, 718
12,610
47, 603
41
46,804
12,604
48, 363
36
46, 555
12, 499
48,811
74
46,916
12,510
Reserve bank credit outstanding, total 9 -do
Discounts and advances. . __ __ _ _do .
U.S. Government securities
do
Gold certificate reserves
do
Liabilities, total 9
Deposits, total. . _
Member-bank reserve balances
Federal Reserve notes in circulation
43, 340
137
40, 768
13, 436
47, 192
173
44, 282
12, 674
44, 450
386
42, 518
12, 788
45, 475
773
42, 907
12, 779
46, 281
458
43, 912
12, 667
47, 192
173
44, 282
12 674
45, 602
71
43, 464
12, 678
45, 799
165
43, 971
12, 626
47, 799
415
46, 066
12, 608
do
65 371
70 332
66, 342
67, 385
67, 257
68, 376
70 332
67, 493
67, 490
67, 385
69, 015
68,862
70, 135
70, 516
70, 126
71, 144
do
do
do. .
19 620
18 447
37. 950
20 972
19 794
40, 196
19, 591
17, 399
38, 660
20 887
19,538
38, 623
20, 767
19, 338
38, 759
19, 987
19, 093
39, 581
20 972
19 794
40, 196
20, 171
18, 773
39, 216
19, 879
18,916
39, 115
20, 561
19, 148
39, 013
21, 353
19, 410
39, 070
20, 844
19, 634
39, 499
21,474
19, 505
39, 934
20, 813
18,877
40, 199
21,433
19, 789
40, 363
22, 023
20, 637
40, 413
35.4
31.5
33.1
33.1
33.0
32.0
31.5
32.3
32.3
32.3
32.3
31.9
31.6
31.4
31.0
31.0
Ratio of gold certificate reserves to FR note
liabilities
percent-.
••Revised.
p Preliminary.
jSee box note, bottom of p. S-15.
0Excludes persons under extended duration provisions.
cflnsured unemployment as % of average covered employment in a 12-month period.
ARevised series.
45, 501
410
42, 975
12, 776
OTotal SMSA's include some cities and counties not designated as SMSA's.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland, and Los
Angeles-Long Beach.
9 Includes data not shown separately.
October 1967
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
1966
|
End of year
S-17
Aug.
Sept.
Oct.
1967
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
24,075
23,702
23, 709
23, 351
358
362
-4
23, 405
22, 970
435
199
236
23,362
23,053
23, 284
22, 914
370
101
269
23,518
23,098
July
Aug.
Sept.
FINANCE—Continued
BANKING— Continued
All member banks of Federal Reserve System,
averages of daily figures:
Reserves held , total
mil. $_ _
Required
- .
..
do. ._
Excess
do
Borrowings from Federal Reserve banks. _ _ do
Freereserves
__ __
do. -_
Large commercial banks reporting to Federal Reserve System, Wed. nearest end of yr. or mo.:@
Deposits:
Demand, adjusted c?1
mil. $
Demand, total 9
do
Individuals, partnerships, and corp
do
State and local Governments
do
U.S. Government
_ .
...
do.
Domestic commercial banks
do. _
Time, total 9
do
Individuals, partnerships, and corp.:
Savings
.
..do.
Other time
do
Loans (adjusted), totalc? _
do
Commercial and industrial
_.do_ _
For purchasing or carrying securities
do
To nonbank financial institutions
_ do.
Real estate loans
do
Other loans
...
_. _
._ do
Investments, total
.
do.
U.S. Government securities, total
do
Notes ond bonds. . .
do.
Other securities
do
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates) , seas. adj.:|
Total loans and investments©
bil. $
LoansO
_.
.. - - do
U.S. Government securities
do
Other securities..
_
do
Money and interest rates: § f
Bank rates on short-term business loans:
In 19 cities
percent per innum
New York City
do
7 other northern and eastern cities
do
11 southern and western cities
do
Discount rate (N.Y.F.R. Bank), end of year or
month
_.
_
..
percent
Federal Intermediate credit bank loans
do
Federal land bank loans
do
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
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent..
3-5 year issues
... .. ...do
23,830
23,438
23, 907 '23,785
23, 548 '23,406
'379
359
89
87
272
'290
i 22, 719
i 22, 267
1
452
M54
i -2
1
1
75,901
110,201
75, 120 71, 358 71, 189 72, 609 73, 134 75, 120 73, 703 72, 600 72, 841 71, 484
114, 765 104, 648 104,851 107, 531 108, 956 114, 765 111, 768 109, 635 106, 592 110, 455
83, 108 76, 720 76, 248 77, 640 79, 482 83, 108 79, 215 79, 254 77, 469 77, 831
6,229
6,137
6,771
6,310
5,937
6,624
6, 310
5,706
5,748
6, 137
6,150
2,944
3,882
3,752
3,463 2,782
3,355
4,515
3,180
3,882
12, 692 13, 077 13, 838 13, 481 13, 236 12, 462 12, 927
13, 838 12, 058 11, 710
89, 639 91, 398 90, 523 88, 879 88, 527 89, 639 92, 985 94, 240 96, 133 96, 569
72, 891 73, 173 74, 348 73, 321 74,395
111,495 109, 403 112,459 107, 686 113, 043
47, 213 47, 342 47, 351 47, 076 47, 038 47, 213 46, 459 46, 609 47, 098 46, 970
29, 002 30, 882 30, 327 29, 220 28, 967 29, 002 32, 425 33, 024 34, 039 33, 769
134, 761 131, 426 132, 202 132, 176 131, 741 134, 761 133, 268 132, 359 133, 027 134? 237
60, 779 58, 306 59, 440 59, 723 60, 042 60, 779 60, 385 60, 730 61, 962 62,648
6,901
6,799
6, 642
5,339
6,691
7,419
5,708
6,501
5,826
6.691
9,723
9,942
9, 612
11, 228 10, 457 10, 825 10, 645 10, 349 11,228 10, 280
27, 168 27, 131 27, 087
27, 492 27, 207 27, 403 27, 517 27, 561 27, 492 27,290
34, 729 35, 321 34, 424 34, 042 34, 657 34, 729 34, 235 33, 808 33, 852 34, 068
51, 502 50, 966 50, 719 49, 670 49, 915 51. 502 53, 163 54, 147 56, 038 56, 033
24, 803 23, 527 23, 180 22, 863 23, 491 24, 803 25, 758 25, 629 26, 770 25, 326
19,816 19, 296 19, 081 18, 991 19, 637 19, 816 20, 246 21, 058 21, 248 21, 446
26, 699 27, 439 27, 539 26, 807 26, 424 26, 699 27, 405 28, 518 29, 268 30, 707
47, 285
34, 707
81, 070
5,854
4,059
12,399
85, 298
50, 694
22,111
125, 789
53, 113
6,633
11,187
25, 577
34,917
52,811
26,638
21, 591
26, 173
294.4
' 192. 4
'57.3
44.8
23, 830
23, 438
22, 655
1557
-165
338
728
-390
1
2 310. 2
-r 207. 8
'53.7
2
48. 7
3 5.06
3
5 09
22,317
' 309. 9 ' 309. 4
' 205. 8 '206.2
'54.9
'56.0
'• 48. 0
48.3
3
34.83
3
35.34
23, 240
22, 842
398
766
-368
23, 333
23, 031
302
733
-431
23, 251
22, 862
389
611
-222
310.2
' 308. 9 ' 309. 3
207. 2 ' 207. 5 ' 207. 8
'53.4
' 53. 7
'53.4
48.4
48.7
48.4
6 06
3 6.14
373
389
-16
' 314. 4
' 210. 4
' 54. 2
'49.9
309
134
175
79, 782
6,249
2,705
13, 490
97, 829
133,108
61,836
6,302
9,634
27, 296
34, 510
56, 269
25,398
21,544
30, 871
420
123
297
'55.9
' 51. 1
57.8
52.3
' 56. 1
'53.6
81, 030 79, 157 81, 444
5,665
5,920
5, 503
6,089
2, 322
5,353
3,103
3,458
12, 701 13, 445 12,643 12, 846
98, 848 100, 731 101,827 101, 659
47, 836 47, 957 48,349
35,117 36, 604 37, 449 37, 174
136,043 137, 270 135, 488 138, 009
63,784 63,445 62, 189 63,397
7,455
7, 024
7,222
6,050
9,907
9,495 10, 185
10, 270
47, 739
27, 547
35, 231
55, 783
24, 126
21, 335
31, 657
27, 797
34, 992
58,268
26,004
21, 041
32, 264
' 56. 2 '55.9
55.1 '55.8
'58.9
56.7
5.95
5.67
6 13
«5. 86
24, 202
23, 830
372
90
282
79, 244
28, 094
35, 273
59, 321
26, 903
22, 274
32, 418
'318.0 '321.4 ' 323. 0 ' 324. 3 ' 324. 9 ' 332. 2 ' 337. 1
'211.0 '211.3 ' 213. 3 ' 213. 1 '213.2 '216.5 ' 217. 7
6
6,31
6 16
6 38
6 46
6.30
6 13
6 40
6.42
6.00
35.84
392
557
-165
61.9
57.5
28, 337
35, 466
59, 717
27, 043
21,978
32, 674
339.3
219.7
61.7
57.9
5.94
5.67
4.50
5.99
5.96
4.50
6.13
5.98
4.50
6.29
6.00
4.50
6.33
6.00
4.50
6.38
6.00
4.50
6.38
6.00
4.50
6.38
6.00
4.50
6.17
6.00
4.00
6.03
6.00
4.00
5.78
6.00
4.00
5.72
6.00
4.00
4.00
5.62
6.00
4.00
6.00
6.18
6.35
6.22
6.40
6.32
6.49
6.40
6.50
6.44
6.52
< 6^54
6.44
6.50
6.41
6.44
6.37
6.36
6.28
6.31
6.29
6.30
6.34
6.33
6.34
'6.38
6.38
6.37
55.55
55.42
5
5.78
5.67
5.85
5.63
6.12
5. 75
5.89
5.67
6.25
5.72
6.00
5.82
6.25
5.67
6.00
5.88
6.25
5.60
6.00
5.88
6.25
5.23
5.73
5.50
6.20
4.88
5.38
5.19
5.75
4.68
5.24
5.01
5.75
4.29
4.83
4.57
5.50
4.27
4.67
4.41
5.50
4.40
4.65
4,40
5.50
4.58
4.92
4.70
5.50
4.77
5.00
4.75
5.50
4.76
5.00
4.77
5.50
5 4. 881
55.16
4. 932
5.58
5.356
5.344
4.554
3.480
4.308
4.96
5.17
4.275
5.43
5.07
4.759
5.62
5. 387
5.38
5.007
54.22
4.451
5.40
30, 312
309
32, 025
122
31, 006
169
31,290
31,398
31,590
33,904
34, 090
159
147
140
mil. $..
do
do
do
do
do
87, 884
68, 565
28, 843
17, 693
94, 786
74, 656
30, 961
19, 834
3,751
20, 110
91, 483
72, 640
30, 918
18, 390
91, 639
72, 829
30, 793
18, 564
3,771
19, 701
91,899
92, 498
73, 073
30, 852
73, 491
95, 115
75, 348
31, 364
3, 770
19, 737
do
do. _
do
do
do___
do
do
do
do
do
do
do
do
do
60, 273
29, 173
16, 138
7,512
65, 565
32, 155
16, 936
64, 454
31, 737
64, 613
31, 778
16, 759
64,792
31,878
16.771
31,978
5,846
1,844
8,014
1,911
9,091
1,901
8,186
490
Savings deposits, balance to credit of depositors:
N.Y. State savings banks, end of period
mil. $__
U S postal savings ^
do
4.50
4.50
34.94
35.43
35.82
35.76
35.89
36.11
54.22
5
5 4. 38
54.27
54.69
5 3. 954
3 5. 74
3 6. 24
5.36
4.288
3.852
3.640
4.71
4.73
4.52
4.46
4.68
32, 025
133
32, 341
109
32, 564
102
33, 079
92
33, 171
83
94, 786
74, 656
30, 961
19,834
92, 517
73, 598
30, 530
19, 426
92, 519
73, 591
30, 527
19, 369
94, 813
75, 051
31, 208
19, 580
3,751
20, 110
19, 974
19, 976
20, 047
93, 089
73, 840
30, 635
19, 376
3, 636
20, 193
93, 917
74, 290
30, 852
19, 442
3,772
19,837
93, 479
74, 015
30, 689
19, 649
20, 326
20, 567
3,711
20, 666
65, 046
65, 162
32, 033
16, 814
31, 967
16, 696
64,966
65,006
32,068
65, 298
32, 299
65, 733
32, 560
16, 615
66, 781
33, 235
16, 747
8,485
8,665
5,947
66, 452
32, 966
16, 721
1,946
1,944
1,926
8,557
8,599
8,567
1,955
8,616
5.28
53
CONSUMER CREDIT*
(Short- and Intermediate-term)
Total outstanding, end of year or month
Installment credit, total
Automobile paper
Other consumer goods paper
Repair and modernization loans
Personal loans
By type of holder:
Financial institutions, total
Commercial banks.-. __ _ ..
Sales finance companies
Credit unions
Consumer finance companies
Other
Retail outlets, total
Department stores
Furniture stores
Automobile dealers
Other
Noninstallment credit , total
Single-payment loans, total
Commercial banks
Of.hpr finnnpinl i n Q H t n t i n n c
r
1
An
3,675
18, 354
5,606
8,292
4 488
1 235
447
2,122
19, 319
7,682
6,587
i no^
3,755
19, 577
18,714
18, 945
1, 894
8,216
8,391
5, 863
1,889
8,281
8,445
65, 565
32, 155
16, 936
8, 549
6,014
1,911
9, 091
489
487
489
490
20, 130
18, 843
18,810
18, 826
7,844
7,849
7,814
7,768
8,549
6,714
1 Tin
16,732
8, 238
6,718
1 i**i
8,324
5,858
6,692
1 199
6, 656
1 119
Revised.
Average for Dec.
2 Effective with the June 9 change in Federal Reserve regulations,
data exclude loan balances accumulated for payment of personal loans (about $1.1 bil.); beginning June 30, about $14bil. of certificates, formerly in "other loans," are in "other securities."
s
Average for year.
Beginning Jan. 1967, data are on a new basis; they are not comparable
5
6
with earlier figures.
Daily average.
Revised series.
©All data shown reflect changes in coverage and format; comparable data for July-Dec.
1965 appear in the Mar. 1967 issue of Federal Reserve Bulletin. Revisions for 1966 reflect adjustments for mergers (Jan. and Feb. data will be shown later).
d"For demand deposits, the term "adjusted" denotes demand deposits other than domestic
O - 67 - 5
276-422
30,937
16, 790
3,703
3,666
8,429
5,965
3.648
16, 593
16,590
3,670
3,696
8,826
5,995
19,607
8,864
6,009
95, 684
75, 889
31, 455
19, 755
3,743
20, 936
67, 273
33, 536
16, 755
8,991
1,903
1,909
5,951
1,909
8,853
8,632
8,585
8, 561
5, 951
1,897
8, 542
490
488
485
486
490
494
502
506
508
19, 007
20, 130
19, 464
18, 919
18, 928
19, 249
7,844
7,779
6,659
7,754
6,634
7,769
6,647
7,890
6,758
19, 627
8,017
19, 762
7,807
6,678
19, 767
8,100
19, 795
8,136
1.169
1.175
1.173
1.186
8,480
5,881
1,917
1 19Q
6,714
1 130
8,443
5,969
1 190
1 190
1.122
1.132
6,848
8,077
6,902
6,927
6,03o
6,950
commercial interbank and U.S. Government, less cash items in process of collection; for
loans, exclusive of loans to domestic commercial banks and after deduction of valuation
reserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).
9Includes data not shown separately. JRevised monthly data for commercial bank credit
prior to Aug. 1966 appear in the Sept. 1967 Fed. Reserve Bulletin; those for consumer credit
prior to Mar. 1965 appear in the May 1966 Fed. Reserve Bulletin.
©Adjusted to exclude
interbank loans. §For bond yields, see p. S-20. f Beginning Feb. 1967, series revised to cover
35 centers and exclude rates for certain loans formerly included (see May 1967 Federal Reserv e
Bulletin).
^Monthly data are as of the following dates: 1966—Aug. 12; Sept. 9; Oct. 7;
Nov. 4; Dec. 2; 1967—Jan. 27; Feb. 24; Mar. 24; Apr. 21; May 19; June 30.
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1967
1966
1966
Annual
October 1967
Aug.
Sept.
(Jet.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
FINANCE— Continued
1
CONSUMER CREDIT§— Continued
Total outstanding, end of year or month— Con.
Noninstallment credit — Continued
Charge accounts total
mil $
Department stores
do
Other retail outlets
do
Credit cards
do
Service credit
do
Installment credit extended and repaid:
Unadjusted:
Extended total
do
Automobile paper
do
Other consumer goods paper
do
All other
do
Repaid total
do
Automobile paper
do
Other consumer goods paper
do
All other
do
Seasonally adjusted:
Extended total
do
Automobile paper
do
Other consumer goods paper
do
All other
do
Repaid, total
do
Automobile paper
do
Other consumer goods paper.. __ _. .do _
All other
do
FEDERAL GOVERNMENT FINANCE
Net cash transactions with the public: d"
Receipts from
mil. $
Payments to
do
Excess of receipts, or payments (— )
do
Seasonally adjusted, quarterly totals: +
Receipts from
do
Payments to
do
Excess of receipts or payments (— )
do
Receipts and expenditures (national income and
product accounts basis), qtrly. totals, seas,
adj. at annual rates: *
Receipts
bil $
Expenditures
do
Surplus or deficit ( — )
do
Budget receipts and expenditures:
Receipts total
mil $
Receipts, netl
do
Customs
do
Individual income taxes
do
Corporation income taxes
do
Employment taxes
do
Other internal revenue and receipts
do
Expenditures totalt
do
Interest on public debt
do
Veterans' benefits and services
do
National defense
do
All other expenditures
do
Public debt and guaranteed obligations:
Gross debt (direct), end of yr. or mo., total-bil. $_.
Interest bearing, total
do
Public issues.. _ _
do
Held by U.S. Govt. investment accts.do
Special issues
. ...
..do
Noninterest bearing and matured
do
Guaranteed obligations not owned by U.S. Treasury, end of year or month
bil. $
U.S. savings bonds:
Amount outstanding, end of yr. or mo-..do
Sales, series E and II
do
Redemptions
.do
i f, 740
i 908
i •-, 055
1
723
i 4,891
6,334
6,346
6,368
965
5, 351
1,024
5,321
1,057
5,291
7,062
2,559
2,074
2, 429
6,612
2,342
2,008
2, 262
7,458
2, 678
2,155
2,625
6, 697
2, 322
2, 017
2, 358
6, 859
2, 396
2,071
2,392
6, 562
2,240
2,044
2,278
7,223
2, 392
2,229
2,602
6, 682
2, 301
2, 081
2. 300
6,554
2,238
2,032
2,284
6,361
2,219
1,948
2,194
6, 823
2,338
2, 081
2, 404
6, 531
2, 281
1,995
2,255
6, 776
2 266
2, 147
2,363
6,551
2,228
2,074
2 249
6, 929
2, 285
5 973
5 993
0 1 07
ti 199
7 144
6 472
1874
5, 142
916
5, 021
932
5,003
S9S
4 951
878
5, 001
S74
5. 142
908
895
898
922
939
5, 213
5,341
5, 350
5, 436
5,379
78 896
28 491
23, 502
26, 903
72 805
26, 373
21 361
25, 071
7 025
2 543
2, 023
2,459
6 189
2 070
1,935
2,184
(i 611
7 44°
°. 17S
2 044
2, 221
'' I ' ^ O
6 247
2, 305
1 798
2,144
6, 000
2,195
1 761
2,044
6 403
l)
369
1 949
0
085
6 159
2,310
1 799
2, 050
5,674
1,923
1,808
1,943
6,315
2, 195
1,993
2,127
5, 488
1,916
1, 655
1,917
5, 905
2,075
1,878
1,952
6, 641
2, 350
1 985
2, 306
6, 64S
2, 353
2, 042
2,253
6, 495
2, 294
1,927
2, 274
6, 246
2, 186
1,920
2, 140
6 689
2 431
1 995
2,263
75 508
27,914
21.454
26, 140
67, 495
24. 267
19, 355
23. 873
i 7 144
6 578
2 387
1 958
2,233
6,103
2 213
1,784
2 106
6 522
0
37S
1 941
2, 203
6, 142
2 244
1,820
2 078
6 057
%>
461
1 947
2, 249
1 , 796
2, 091
6,501
2 240
2 031
2,230
6,221
2,202
1,882
2 137
6, 497
2 177
2,099
2,221
6,281
2,217
1,915
2 149
6, 510
•> 199
2 049
2, 262
6, 246
2 193
1,899
2 154
6, 606
2 217
2,095
2, 294
6, 393
2,235
1,968
2, 190
12,845
12, 545
299
11,251
11,641
-390
12, 308
11,852
14, 490
13 167
1 323
1
6, 087
2,223
1.792
2 072
123 376
127 920
—4 544
145 136 11.764
150 868 15 206
— 5 731 -3,442
6
'>.
1
2,
193
261
813
119
6 213
2 255
1, 836
7,523 10 698
14, 748
13 150 12 604 13 654
1 598 — 5, 080 — 2 955
143 2
149 9
3
146 863
110 802
1 930
66 151
31 986
24 059
22 736
10, 586
7,197
179
p'38,531
p'38,132
p'399
148.6
151.9
—3 3
149.1
160 9
11 9
148.1
162.8
-14.7
14 833
12 475
170
6 400
4 547
1 793
7 910
5,811
170
9 819
7*394
179
12,815
10 606
161
11,324
9,386
3 711
797
1 220
2 Oil
10 977
1 098
546
5 536
4,122
5 303
580
6,749
6 212
1 888
4.217
4, 636
1 655
2, 146
10 386
1 100
555
5 500
3 233
9, 512
1,1(50
610
5,911
1,861
1 673
1,918
9,987
1,173
3 352
1 713
9 459
1,108
i 329. 32
i 325. 02
* 273. 03
i 16. 69
1
51.99
1
4 30
324. 42
319. 70
266. 46
15.96
53.24
4.72
324. 75
320. 01
260. 95
16.02
53.07
4 73
326. 89
322. 30
270. 41
16.06
51.89
4 59
329.41
324. 86
272 31
16.29
52. 55
4 55
46
i 49
.48
.50
50
i 50. 46
4 49
5 44
i 50. 92
4 86
6 00
50.74
.39
.48
50.70
40
.57
50.77
41
.47
378
615
151
773
5^9
i 320. 90
i 316.52
1
270 26
i 1 5. 51
1
46 26
i 4 39
i
118
12
5
64
35
9 919
2,432
6. 585
2, 240
2,079
2, 266
8,938 11,766
17, 070 11,295 ?21,438
11 189 14, 445 Pl2,916 14, 538 16,325
5,881 -3, 150 P 8, 522 -5, 600 -4, 559
'39 183
r
38, 754
f
429
078
752
838
271
872
101
11
5
52
39
6,231
<• 38, 385
'38,610
r
-225
5 268
606
9 614
1 920
11 042
1,064
444
5,560
4,025
56 102
^7 035
1 7 268
9
2* 303
456
5, 923
145.6
146 3
7
r
124 354
96 679
1 646
6, 433
0
297
1,9°S
2, 2 OS
6,112
5, 809
37 252
39, 732
— 2 480
r
r
124 8
123 4
1 4
•2, 544
6 ''77
",154
l,S3l
2. 292
5 824
11 883
1 086
532
5 973
4 345
160
823
467
12, 046
7,757
134
635
562
16 527
11 395
19 225
13, 534
170
150
5 016
6 728
2 353
9' 261
11 699
1 154
9 807
4,295
3 157
1 817
9 464
1,127
548
480
12, 072 P22, 007
6,289 pl8, 249
p 176
166
5,687 p 7, 229
p 9, 324
1,065
3 033 p 2, 564
2,120 p2,714
10,915 plO, 145
1,103 p 1, 128
p452
565
6,125 p6, 119
3,130 p 2, 481
1 970
1 835
11 502
1,142
'543
T
6, 425
r
3, 440
9,018
6,371
160
4 107
946
10, 768
7,301
178
5,375
642
2,646
1,927
12, 730
1,128
551
6,792
4,363
6,201
2,238
5 758
2 048
6 893
3 112
6 303
1,567
329. 32
325. 02
273. 03
10. 69
51.99
4.30
328. 87
324. 94
273. 69
16.90
51.25
3.93
329. 62
325. 69
274. 20
18,04
51. 49
3.93
330. 95
327. 01
274. 95
18. 51
52.06
3.94
327. 80
323. 88
272. 23
18.65
51.65
3.93
330. 89
326. 99
271. 82
19.33
55.17
3.89
326. 22
322. 29
266. 13
19.55
56.16
3.94
330. 64
327. 13
270. 92
19.16
56.21
3.50
335. 85
332. 41
274. 10
18.83
58.31
3.44
335. 90
332. 45
274. 71
49
.49
.50
51
.51
.51
.51
.51
.52
.52
.52
50.84
37
.41
50. 92
.37
.45
50.93
.49
51.01
43
51.09
46
51.16
.39
51.24
.44
51.30
.41
.48
.50
51.41
.41
51.46
.39
.48
51.50
.35
.46
22
87
36
35
12
166. 94
71.78
7.44
64.80
59.56
4.88
168 93
72 59
7.58
65.50
60 26
4.89
9 34
1.33
7.70
169 86
72 81
7 81
65.80
60 52
4 92
9 44
1 26
7 82
170 57
72 98
7.91
66.02
60.72
4.94
9 54
1.18
8.00
171 24
73.26
8.00
66.25
60.92
4.95
9 62
1.35
7.80
171. 88
73.48
8.12
66.41
61.04
4.99
9.70
1.30
7.89
173. 13
74.37
8.34
66.32
60.92
5.03
9.74
1.46
7.87
173. 84
74.76
8.46
66.51
61.07
4.84
9 00
1 33
7. 47
168. 21
72.34
7.50
65.19
59.96
4.88
9.25
1.40
7.64
.63
.47
.52
.45
.47
~57.~74~
3.45
LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U.S. life insurance companies]:
i 158 88 i 107 o9 163. 94 164 49 165 43
bil $
1
i 71 go
71.65
71 69
Bonds (book value), total
do
70 15
71 62
7.36
Stocks (book value), total
do
7.29
i 9 13
i g' 76
7 34
1
63.34
Mortgage loans, total . . .
do
63.68
i 60. 01
64 61
64 01
i 59 37
58.13
N on farm
do
i 55 19
58 46
58 78
4.79
Real estate. .
do
4 82
4 84
i 4 68
i 4 88
i 9 19
8.45
Policy loans and premium notes
do
8 67
8 87
1
1.18
Cash
do
1 10
1 26
i 1 50
1 53
1
1
Other assets
_ _
do
7.17
7.31
7 43
6 23
5 73
Payments to policyholders and beneficiaries in
U.S., total
mil $ 11 416 6 12 342 2 1 087. 1 1 022 0 993 5
Death benefits
do
459. 1
419 1
421 1
4 831 4 5*218 2
Matured endowments
_
do
77 6
981.6
79.9
80.1
931 1
Disability payments
do
12.4
13. 0
15 0
169 3
163 0
Annuity payments
do
100.4
94.2
95.0
1,038.9 1, 152. 6
9
Surrender values
do
18° 0
174 1
176 9
1 93 3 2 120 6
Policy dividends
.
do
254. 4
211.6
2,519.9 2, 699. 9
236.1
r
Revised.
p Preliminary.
1
End of year; assets of life insurance companies are annual statement values.
§ See note "t" on p. S-17.
cfOther than borrowing.
^Revisions prior to 1965 for cash
transactions with the public (seas, adj.) and for Feb. 1964-July 1966 for assets of all life insurance companies will be shown later.
166
71
7
64.
59
9.14
1.49
7.43
956. 0 1, 309. 8 1, 048. 2
494.2
456.0
407. 0
82.8
93.2
79 2
16.1
14.8
13. 1
95.6
116.5
98.2
193.3
177.7
166 9
427.8
190.0
191.6
968 1 1 236 8 1 034.1 1 103.2 1, 137. 5
477.4
454.5
416.6
492.1
542.3
87.9
82.7
85.6
80.0
95.9
17.5
13.4
13.7
15.1
16 5
102.2
108. 1
98.8
99.3
101.1
199.2
167. 1
189 6
195.7
206 0
253.3
192.2
194.3
213.6
26S. 0
5.05
9.81
1.34
7.92
969.0 1, 166. 8
429. 6
509.7
77.5
71.6
13.5
13.3
102. 5
102. 8
169.2
198.0
265. 5
182.6
•New series. Data through 1962 are in the Aug. 1965 SURVEY; those for 1963-lst qtr. 1966
appear on p. 25 of the July 1967 issue of the SURVEY.
*jData for net receipts and total expenditures reflect exclusion of certain interfund transactions.
October 1967
S-19
SUEVEY OF CUEEENT BUSINESS
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1966
1967
I
Aug.
Annual
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
8,661
6,640
1,481
540
9,707
7,019
2,140
548
12,310
8,606
3,084
620
10, 820
7,836
2,407
577
11,974
8,478
2,876
620
11,547
8,333
2,649
565
« 9, 930
7,411
1,960
559
10, 825
8,042
2,241
542
' 1, 283 ' 1,460
'964 r 1,115
226
'244
93
'101
' 1,331
' 1,014
'218
'99
'1,476 ' 1,361
'1,104 '1,041
' 267
' 225
' 105
'95
1,399
1,054
241
104
1,405
1, 050
257
98
13, 008
-17
104
3,331
Sept.
FINANCE—Continued
LIFE INSURANCE— Continued
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) :J
Value estimated total
mil $
Ordinary
do
Group and mass-marketed ordinary
do
Industrial
do
Premiums collected:!
Total life insurance premiums
Ordinary
Group and mass-marketed ordinary
Industrial . _ __
_
122, 479
88, 399
27, 270
6,810
U42,166
82, 521
1
52,349
7,296
do
do
-do.._
do
15,176
11 357
2. 436
1,383
9,778
7,307
1,910
561
••16,090 ' 1,352
' 12,063 ' 1,007
' 2, 660 * 242
' 1,367
' 104
9,725
7,052
2,117
556
' 1,273
' 964
' 212
'97
9,880
7,412
1,878
590
' 1.354
r 1,024
••108
10,095
7,698
1,835
562
14,614
8,230
5,850
534
'1,303 ' 1, 667
' 982 ' 1,145
^281
'241
"99
' 1,346
' 1,038
'201
' 107
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end of period) --.mil. $_. 13,733
Net release from earmark§
do
-198
Exports
thous $
285 097
Imports .
do
101 669
Production, world total
South Africa
Canada
United States
Silver:
Exports
Imports
Price at New York
Production:
CanadaJ
Mexico
_
United States
2
mil $
do
do
do
1,440.0
1,069.4
125. 6
58.6
13, 159
-50
457, 333
42, 004
2
13,259 13, 258
-50
162
5, 800 101,436
2 432
2 770
13, 257
28
33, 943
'> 265
13, 159
-36
42
7 9')9
13,159
-34
58
2,054
13,157
-15
170
1,612
13, 107
-23
56
3,348
13, 107
12
285
1,494
13, 109
-3
162
2,326
13, 109
3
63
2,239
13,110
-5
490
2,530
13, 108
1
77
2,041
1,445.0
1.080.8
114.6
63.1
90.1
9.2
91.7
9.2
89.7
9.1
90.8
8.7
87.7
9.6
89.5
8.7
87.8
8.9
89.5
9.1
89.1
8.9
91.2
8.9
89.1
9. 1
88.9
8.4
15,149
8,159
1.296
19, 786
10, 120
1.301
2,912
4,021
1.593
thous $
do
dol. per fine oz._
54, 061
64, 769
1.293
114,325
78, 378
1.293
14,273
7, 983
1.293
1 6, 596
6, 387
1.293
2,471
6,214
1.293
7,105
5, 878
1.293
4,915
5,785
1. 293
14, 755
7,494
1.293
9,018
6,399
1.293
10, 693
6, 136
1.293
11,072
8,451
1.293
thous. fine oz._
do
do
31,917
40, 333
44,423
32,820
41,984
45, 047
2,744
3,864
4, 226
2,773
3,370
4, 273
2,662
3,767
3, 049
3,019
3,105
3,444
2,968
2,832
4,513
2,966
2.913
3,956
2,504
3, L'45
3,927
3,353
3. 469
3,598
3,224
3, 114
4,151
bil. $__
42.1
44.7
42.9
42.8
43.1
44.2
44.7
43.4
43.6
43.6
Money supply and related data (avg. of daily fig.) : t
Unadjusted for seas, variation:
Total money supply
bil $
Currency outside banks
do
Demand deposits
do
Time deposits adjusted!
do
U.S. Government demand deposits
do
162. 6
35.3
127.3
137.6
6.3
169.8
37.5
132.3
3 154. 0
4.9
167. 0
37.8
129 2
157.4
5.1
169. 7
37.9
131.8
157.4
4.3
170.5
38.1
132. 4
157.1
4.8
171.5
38.5
133. 0
156. 1
3.7
175.8
39.1
136.7
156.9
3.4
175.3
38.5
136.8
160.7
4.1
170.6
38.3
132.3
164. 0
5.0
170.1
37.8
132. 4
156. 9
170.5
37.9
132. 6
157.4
170.1
38.0
132. 1
157. 6
170. 1
38.1
132.0
157.4
170. 4
38.3
132.1
158. 6
170.3
38. 5
131.8
160.8
54.0
111.9
39.0
51.5
33.9
54.2
111.4
39.4
52.1
34.3
54.0
111.2
39.6
52.2
34.3
54.6
111.3
39. 6
52.5
33.9
56.9
121.8
40.0
53.2
34.2
57.2
124.7
39.4
50.9
34.8
Currency in circulation (end of period)
Adjusted for seas, variation:
Total money supply
_
Currency outside banks __
Demand deposits
Time deposits adjusted^
_
do
_ . do
do
do
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted: t
Total (233 SMSA's) 9 __ratioofdcbitstodeposits__
New York SMSA
do
Total 232 SMSA's (except N.Y.)
do
6 other leading SMSA'sc?
do
226 other SMSA's
do
13, 006
r
1,722
8,520
1.750
1.680
4, 020
2, 304
3,280
3,403
4,194
2,461
43.7
44.4
44.7
44.9
45.1
171.9
38.5
133. 4
166. 7
4.9
173. 6
38.7
134. 9
168.8
4.8
171.1
38.9
132. 2
170.8
6.5
174.3
39.3
135.1
173.0
3.9
'175.9
39.6
136.2
175.1
5.6
r r175. 8
39. 6
136. 2
177.7
r
4.3
178.4
39.8
138.6
178.9
5.0
171.5
38.7
132. 8
163.5
173.1
38.9
134.2
166.1
172.7
39.1
133. 6
168.1
174.5
39.2
135.3
170.0
176.2
39.3
136.8
172.4
177.9
39.5
138.4
174.6
f 179. 1
39.6
139.6
177.2
179.3
39.8
139.5
178.9
55.6
119.4
39.4
52.6
34.2
54.8
117.2
39.1
51.2
33.9
57.7
123.0
40.8
54.2
35.1
54.8
115.2
39.2
52.0
33.9
56.5
120.0
40.1
53.4
34.4
56.8
119.8
40.7
55.5
34.5
59.0
128.5
41. 1
56.6
34.6
48.3
99.6
35.3
44.9
31.3
52. 8
109.4
38.3
50.1
33.3
27, 521
1,896
694
30, 937
2,102
702
7, 400
580
180
7,933
528
166
6,748
451
105
7 596
506
124
338
4753
3,188
4,442
761
970
1,401
345
911
3,474
5,055
799
1,298
1,487
99
217
856
1 , 247
251
303
353
54
240
823
1,373
173
350
370
4
51
M91
786
1,341
67
325
296
82
205
849
1 344
194
311
296
1,151
2 499
1,926
1,395
3,058
2,379
381
601
318
748
617
321
674
527
368
840
564
3, 496
* 3, 285
821
3,053
4,058
199
262
1, 097
197
870
1,107
162
620
831
199
831
883
11,979
12, 958
2, 985
3,745
3,185
3,266
2 586
2,764
702
673
799
666
40,108
45,015
3, 676
3,249
2, 518
6,686
3,277
5,091
7,523
5,253
4,229
4,002
37, 836
13, 720
1 547
725
42, 501
15, 561
1,939
574
3. 539
1, 575
70
67
3.183
1 , 333
61
fi
2, 381
755
106
31
6, 574
1,004
61
50
3. 151
1 , 535
106
20
5,000
1,593
40
51
7,367
1,262
139
17
5,110
2,219
119
24
3,991
1,778
94
144
3,844
1,361
111
47
r
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade and SEC):
Net profit after taxes, all industries
mil. $__
Food and kindred products.. _ _ _ _
_ do
Textile mill products
do
Lumber and wood products (except furniture)
mil. $_.
Paper and allied products
do
Chemicals and allied products
do
Petroleum refining.
do
Stone, clay, and glass products __ _ _ _ _ do
Primary nonferrous metal__
do
Primary iron and steel
do
Fabricated metal products (except ordnance,
machinery, and transport, equip.)
mil. $__
Machinery (except electrical)
do
Elec. machinery , equip., and supplies
do
Transportation equipment (except motor
vehicles, etc.)
mil $
Motor vehicles and equipment .
do
All other manufacturing industries
do
Dividends paid (cash) , all industries
do
Electric utilities, profits after taxes (Federal Reserve)!
mil $
Transportation and communications (see pp. S-23
andS-24).
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total
mil $
fty type of securityBonds and notes, total
do
Corporate
do
Common stock
__
_ . __do
Preferred stock
do
l
r
2
Revised.
1 Includes $27.8 bil. coverage on U.S. Armed Forces.
Estimated; excludes
3
U.S.S.R., other Eastern European countries, China Mainland, and North Korea.
Beginning June 1966, data exclude balances accumulated for payment of personal loans
(amounting to $1,140 million for week ending June 15).
* Beginning with the period
noted, data reflect reclassification of companies between industries and are not strictly
comparable with those for earlier periods.
t Revisions will be shown later as follows: Insurance written, 1964-Jan. 1966; premiums
5,373
4,377
5,043
2,343
313
17
4, 163
2,384
130
84
collected. Jan.-Aug. 1964, Jan.-July 1965, and Jan.-July 1966; silver production (Canada),
1964; electric utilities, 1965. Revisions for 1959-June 1966, appear in the Aug. 1967 Federal
Reserve Bulletin.
§ Or increase in earmarked gold ( — ) .
If Time deposits at all commercial banks other than those due to domestic commercial banks and the U.S. Govt.
t Revised series.
9 Total SMSA's include srme cities and counties not designated as
SMSA's.
d* Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland,
c
and Los Angeles-Long Beach.
Corrected.
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1966
1965
Aug.
Annual
October 1967
Sept.
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aue. 1 Sept.
FINANCE—Continued
SECURITIES ISSUED— Continued
Securities and Exchange Commission — Continued
Estimated gross proceeds— Continued
By type of issuer:
Corporate, total 9
mil $
Manufacturing
._
.
do
Extractive (mining)
do
Public utility .
_..
- - do
Railroad
do
Communication
do
Financial and real estate
do
Noncorporate, total 9
TJ S Government
State and municipal
New corporate security issues:
Estimated net proceeds total
Proposed uses of proceeds:
New money total
Plant and equipment
Working capital
Retirement of securities
Other purposes
do
do
do
284
947
4 976
18 074
7,070
375
3,665
339
2 003
1 941
1 712
540
9
S
318
•>7
391
114
1 400
(550
55
82
'>9
•>()()
309
899
385
g
i;)
58
12
98
73
1 115
233
95
335
10
170
108
1 661
682
17
414
15
154
42
1,684
649
27
222
51
296
267
1,418
570
15
279
20
106
248
2, 362
1,283
35
510
42
147
92
2,015
1,153
29
401
12
109
143
1,518
598
30
426
27
92
102
2,674
1,334
40
477
33
354
149
2,598
972
32
476
10
40
411
24 116
9 348
11 148
26 941
8 231
11 089
1 964
387
7(54
1 849
40°
992
1 696
408
736
5 570
3 738
950
1 616
373
923
3 407
494
1 450
6 105
4 154
l'l59
2, 891
459
1,437
2,213
393
1 129
2,483
438
1,209
2,700
410
1,461
1,779
415
925
1,* 992
5 417
342
2 936
do
15 801
17 841
1 , 688
1 , 384
876
1 098
1 643
1 669
1 400
2,334
1,985
1.493
2,631
2, 554
do
do
do
do
do
13 063
7 712
5,352
996
1 741
15 806
12 430
3,376
241
1 795
1,617
1 , 353
264
18
53
1. 114
887
i
»7
o
268
783
630
153
46
46
1 033
839
194
12
1 363
1,128
235
8
273
1 522
1 135
388
21
125
1 375
918
457
1
94
2,178
1,755
423
17
139
1,891
1,352
539
12
82
1,418
1,082
336
19
56
2,363
1,832
531
20
248
2,214
1,550
665
89
251
State and municipal issues (Bond Buyer) :
Long-term
_ . _.
_ - _ . _ _ _
_ . do
Short-term
_
do
11,084
6,537
11, 089
6,524
764
620
992
362
736
266
950
989
923
458
1,450
454
1,159
756
1,437
634
1,129
1,197
1,209
951
1,461
531
925
286
1
534
5 543
i i 666
i 3 706
1
1
1
658
5, 645
1,595
3,785
636
5,400
1, 528
3,537
661
5, 2 Hi
1 5' > ()
3 349
607
5, 275
1 532
3 262
609
5, 387
1,637
3,712
673
5, 375
1 914
3, 187
685
5 445
1 936
713
5,803
2, 135
701
5,896
2 078
673
5, 966
2, 220
688
6, 195
2,231
r
840
r
752
1,239
602
SECURITY MARKETS
Brokers' Balances
(N.Y.S.E. Members Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances (net)
Money borrowed
mil $
do
do
do
1
1
609
5, 387
1 637
3,712
698
732
' 6, 636 6,677
2,341
2,281
Bonds
Prices:
Standard & Poor's Corporation:
Industrial, utility, and railroad (A A A issues)Composited1
dol. per $100 bond .
Domestic municipal (15 bonds)
do
93.9
110.6
86.1
102.6
84. 1
97.7
82.6
98. 6
83.4
100.5
83. 5
101.0
83.0
102.4
85.9
106. 0
86.4
106.4
85.6
105. 8
85.4
104. 9
83.4
101.1
81.7
100.2
81.1
99.3
80.3
99.6
80.0
98.0
83.76
78.63
77.02
77. 15
78,07
77.68
78.73
81. 54
80.73
80.96
80.24
77.48
76.37
76.39
75.38
75.04
3 794 29
3, 288. 68
4 261 12
3,740.48
306 60
291.76
300 01
315.08
341 50
348. 44
312 46
313.01
366 38
356. 22
446 77
417. 53
409 22
350. 65
478 39
394. 94
381 00
333. 15
534 32
451. 62
539 46
464. 38
541. 91
455. 80
530 75
472. 50
3 643 11 4,100.86
3 150. 16 3,589.62
295. 65
279. 97
312. 43
304. 96
33° 34
338. 21
293 69
293. 70
348. 01
335. 45
428. 29
400. 29
385. 34
330. 33
451. 87
374. 71
349 76
309.72
484. 92
413. 73
463, 58
406. 43
468.83
402. 31
466. 98
422. 84
New York Stock Exchange, exclusive of some
stopped sales, face value, total
mil. $._ 2 975 21 3, 092. 79 273. 90
232. 94
286. 55
260. 68
285. 40
328. 21
281. 42
279. 94
329. 41
326. 62
358. 94
326.09
U.S. Treasury bonds, taxablef
do
Sales:
Total. excl. U.S. Government bonds (SEC):
All registered exchanges:
^Market value
mil $
Face value _
_ ._
- do_
New York Stock Exchange:
Market value
do
Face value
do
Yields:
Domestic corporate (Moody's)
By rating:
Aaa
Aa
A
Baa
By group:
Industrials
Public utilities
Railroads
Domestic municipal:
Bond Buyer (20 bonds)
Standard & Poor's Corp. (15 bonds)
U.S. Treasury bonds, taxable©
percent
4 64
5.34
5.50
5 71
5 67
5.65
5.69
5.50
5.35
5.43
5.42
5.56
5.75
5.86
5.91
5 49
5 58
5. 69
6 09
5
5
5
6
41
50
67
10
5.35
5 46
5. 65
6. 13
5.39
5.48
5. 69
6. 18
5.20
5 30
5.53
5.97
5 03
5 18
5.38
5.82
5.13
5.23
5.49
5.85
5.11
5 26
5.46
5 83
5.24
5.42
5.60
5.96
5.44
5.63
5.77
6.15
5.58
5.72
5.88
6.26
319.92
5 62
5 76
5.94
6 33
do
do
do
do
4
4
4
4
49
57
63
87
5 13
5 23
5.35
5 67
5. 31
5.38
5.48
5.83
do
do
do
4.61
4 60
4.72
5.30
5 36
5.37
5.49
5. 54
5.48
5. 71
5 78
5.65
5 63
5 72
5 67
5. 59
5 64
5.63
5.65
5.78
5.45
5.42
5.63
5.33
5. 25
5.48
5.39
5.37
5.51
5.37
5.37
5.51
5.46
5.59
5.62
5.64
5.80
5.80
5.79
5.91
5.88
5.84
5 96
5.94
do
do
3.28
3.27
3.83
3.82
4.24
4.17
4.03
4. 11
3.74
3.97
4. 02
3.93
3.77
3.83
3.40
3.58
3.60
3.56
3.54
3.60
3.69
3.66
3.96
3.92
4.06
3.99
3.91
4.05
4.06
4.03
4.19
4.15
do
4.21
4.66
4.80
4. 79
4.70
4.74
4.65
4.40
4.47
4.45
4.51
4 76
4.86
4.86
4.95
4.99
7 55
8 48
3. 86
4.09
4 90
6.33
8 25
9 17
4.11
4.45
5 06
6.85
8 30
9. 22
4. 14
4.53
5.14
6.90
8 30
9 2°
4. 14
4.53
o 14
6. 97
8 33
9 25
4.14
4.55
5 14
6.97
8 2°
9. 07
4.15
4.61
5. 14
7.42
8 23
9.08
4.18
4.61
5.14
7.53
8 29
9.15
4.18
4.63
5.22
7.53
8 30
9.16
4.20
4. 63
5.28
7.81
8.32
9.17
4.27
4.63
5.28
7.81
8 33
9.18
4.27
4.63
5.28
7.81
8 19
8.95
4.32
4.63
5.28
7.81
8 20
8.95
4.38
4.63
5.29
7.81
8 91
8.96
4.39
4.65
5.29
7.81
8 21
8 96
4.39
4.65
5.30
7.81
250. 31
284. 32
117 08
°-5 06
230. 88
266. 77
102. 90
92 65
211.05
244. 39
92. 51
81 °2
207. 74
239. 01
94. 57
80 17
220. 60
250. 49
104. 92
83 37
218.34
248. 93
103. 47
83 ';5
217. 56
240. 38
105.99
82. 91
233. 54
266. 77
108.12
93 13
233. 23
267. 35
105.18
92. 56
242. 02
278. 90
106. 81
93.52
251.52
293. 28
108. 90
93.60
238. 37
277. 83
102. 58
94.89
242, 22
282. 15
100.73
97.92
252. 69
298. 94
103. 04
105. 56
249. 02
295. 09
99.63
104 99
3.76
3.64
4.01
5.54
3.90
2.92
3.78
3.69
3.94
5.56
3.80
2 92
3.55
3 43
3.87
4.97
3.79
2.93
3.56
3.43
3.99
5.00
3.94
3.17
3.44
3.29
4.00
4.95
3.84
3.28
3.31
3.13
3.92
4.95
3.83
3.31
3.44
3.22
4.21
4.88
3.96
3.51
3.25
3.00
4.26
4.41
3.68
3. 53
3.30
3.04
4.41
4.43
3.69
3.54
Stocks
Dividend rates, prices, and yields, common stocks
(Moody's):
Dividends per share, annual rate, composite
Industrials
Public utilities.
.
Railroads
N v banks
Fire insurance companies
Price per share, end of mo., composite
Industrials
Public utilities
Railroads
do
do.
do
do
do
do
do
do
do
4.00
3.57
3.93
3. 06
Yields, composite
percent
9
3 86
3 44
3 77
98
Industrials
do
4 3S
4.48
3.30
3.99
Public utilities
do
5. 58
5. 65
4,80
4.30
Railroads
do
4. 85
4 67
4.04
3.33
N Y banks
do
3.22 1
2.92
3^5
2.74
Fire insurance companies
do
r
l
Revised.
End of year.
9 Includes data not shown separately.
d"Number of bonds represented fluctuates; the change in the number does not affect the
continuity of the series.
3.78
3 69
3.95
5.46
3.96
2.70
3.39
3.17
4.35
4.73
3.98
3.43 1
1 Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.
0 For bonds due or callable in 10 years or more.
SURVEY OF CURRENT BUSINESS
October 1967
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
Annual
S-21
1967
1966
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Alar.
Apr.
May
June
1
July | Aug.
1
Sept.
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks — Continued
Earnings, common stocks (Moody's):
Earnings per share (indust., qtrly. at ann. rate;
pub. utiL and RK. , for 12 mo. ending each qtr.) :
Industrials i__
_
dollars
Public utilities
do
Railroads
.
do
16 42
5 92
8 16
16 78
6 30
9 34
Dividend yields, preferred stocks, 10 high-grade
(Standard & Poor's Corp.)
percent- -
4.33
4.97
5.18
5.23
5.28
318. 50
910. 88
157. 88
216. 41
308. 70
873 60
136. 56
227 35
286. 45
817 55
126. 68
207 91
276. 79
791 65
126. 20
197 05
273. 35
778. 10
129. 70
192. 07
Prices:
Dow-Jones averages (65 stocks) . _
Industrial (30 stocks)
Pu blic utility (15 stocks)
Railroad (20 stocks)
Standard & Poor's Corporation:^
Industrial, public utility, and railroad:
Combined index (500 stocks)
1941-43 = 10-Industrial, total (425 stocks) 9
do
Capital goods (122 stocks).., .
do
Consumers' goods (181 stocks)
do...
Public utility (55 stocks). _.
do
Railroad (20 stocks)
do
Banks:
New York City (10 stocks)
do.__.
Outside New York City (16 stocks)
do
Fire and casualty insurance (20 stocks)., _ do
New York Stock Exchange common stock indexes:*
Composite
12/31/65=50._
Industrial
do
Transportation
do
Utility
do
Finance.
do
Sales (Securities and Exchange Commission) :
Total on all registered exchanges:
Market value
mil $
Shares sold
millions
On New York Stock Exchange:
Market value
mil $
Shares sold (cleared or settled)
millions
Exclusive of odd-lot and stopped stock sales
(N.Y.S.E.; sales effected;. .
millions
Shares listed, N.Y. Stock Exch., end of period:
Market value, all listed shares
Ml. $
Number of shares listed
millions
14 12
6 19
9 13
5.21
285
806
136
201
23
55
43
94
5.24
285
800
135
205
52
86
68
78
16.10
6.42
14 70
6 37
8 85
18 08
6 30
9 34
4.98
5.04
5.03
5.17
5.30
5.34
5.35
5.41
28
56
64
11
305. 65
851 12
138 03
228 69
307. 70
858. 11
135. 96
231. 98
309. 45
868. 66
139. 29
228. 77
315. 57
883. 74
137. 15
238. 27
318. 12
872. 66
131. 92
253. 90
327. 23
888. 51
132. 72
267. 65
329. 62
912. 46
132. 43
262. 85
330. 87
923. 45
131.33
261. 79
5.07
298
830
138
220
88.17
85.26
80. 65
77.81
77.13
80.99
81.33
84.45
87.36
89.42
90.96
92.59
91.43
93.01
94. 49
95.81
93.48
85. 26
81.94
76.08
46.78
91.08
84.86
74.10
68.21
46.34
86. 40
79.81
69.91
63.41
42.12
83. 11
74.74
67. 89
63. 11
40. 31
82.01
72.67
66.67
65.41
39.44
86 10
77.89
68.25
68.82
41.57
86 50
79 83
67.76
68 86
41.44
89 88
82 70
69. 97
70 63
44.48
93.35
86.72
73.78
70.45
46.13
95.86
90.08
75.10
70.03
46.78
97.54
92.37
77.53
71.70
45.80
99.59
95.10
79.13
70.70
47.00
98.61
96.34
78.94
67.39
48.19
100. 38
98.35
81.27
67.77
49.91
102. 11
101.01
83.88
68. 03
50.43
103. 84
106. 67
85. 24
67.45
49.27
38.92
71.35
64. 17
33.32
63.80
64.55
30.09
59.33
61. 28
28.87
57. 44
59. 52
32.30
61.04
63.68
34.34
65. 05
68.62
35.93
67.03
70.50
37.08
69. 90
70.03
35.62
67.09
68.99
35.32
66.00
65.86
36.01
66.56
64.86
35.43
65.81
62.60
35.35
63.97
61.34
36.76
65.95
62.56
37.89
67. 34
58.95
38. 39
67. 99
60.84
47. 39
46. 15
46 18
50. 26
45 41
44 45
43.72
43 89
48.66
42 33
41 46
41.99
41.99
44.51
41.74
39 50
41. 50
41.03
42.24
43.33
40 23
43.73
43 98
45.82
45 16
43 16
44.16
43 79
48 23
44 77
44 43
46.02
45 61
51.38
46 43
47 53
47. 80
47 72
5?. 56
47 03
48 71
49.02
49.02
55.19
47.88
48 17
49.92
50.19
54.60
48.07
48 37
51.00
51.78
55.76
47.20
48 17
50.54
51.55
54.97
45.95
47.51
51.67
53.13
57.30
44.87
49.85
52. 46
54. 20
56. 80
44. 69
51.24
53. 23
55. 28
54. 89
44.57
52.98
89, 225 123 034
9
587
3 188
9,663
°3G
8 750
215
8,658
223
8-102
219
9 538
9
66
11 653
320
11 181
316
14, 515
11,777
323
14,411
397
13, 891
13, 319
14, 058
418
393
393
73 200
1 809
98 565
7 805
168
7 272
161
7 209
166
6 638
162
7 662
189
9 320
8 79°
11 465
11 335
10, 801
2*?4
916
206
257
243
10, 114
10, 920
268
9 232
241
251
1,556
1,899
162
120
146
146
166
208
183
225
188
219
213
217
208
205
537. 48
10, 058
482. 54
10,939
458.66
10, 787
454. 89
10,818
475. 25
10, 842
480. 88
10, 886
482. 54
10, 939
522. 75
10,989
527. 04
11,046
549. 49
11, 073
572. 64
11,114
546. 65
11, 199
559. 50
11,277
586. 41
11,326
581.99
11,374
600. 94
11,433
9 9Q5
374
FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Value
Exports (mdse.), incl. reexports, totalO
mil $
Excl. Dept. of Defense shipments. . . . do
Seasonally adjusted
By geographic regions:A
Africa
Asia
Australia and Oceania
Europe
27 478 2 30 319 6
26,699.5 29,379.2
2345 3
2,274.6
9
491 9 0 693 2 9 (527 0
2,423.9 2,624.0 2,571.9
9 7i(5 5 2 549 6 2 489 6 9 835 9 '2 717 9 '9 730 8 '2 680 5 2 431. 0 2, 487. 8
2,645.6 2, 471. 3 r2,419.2 '2,797.3 '•2,666.5 '2,686.1 '2,617.1 2, 379. 9 2, 396. 9
r
r
'2,451.6 2,534.2 r2,580.7 '2,486.1 r2,4!5.3 2, 620. 2 2,600.9 '2,569.0 '2,659.3 '2,544.7 '2,583.4 2, 590. 6 2, 560. 7
do
do
do
do
do
1 228 9 1 348 6
6 012 1 G, 727. 4
814.1
956 2
9 3b3 9 10 Oil 4
109 1
550.4
73.8
727 8
109 1
541 3
65.8
808 4
196 1
614 9
79 7
896 9
119
570
79
863
do
do
do
5 643 2
2 099 1
2 174 9
6 644 8
2 268 1
2, 504. 3
509 7
174 5
210.3
581 6
193 6
199.3
621 3
213 9
220 2
do
do
157 7
438 1
189 1
401 0
16 5
31 1
12 7
32 5
do
do
do
do
799 4
928 0
335.9
91 1
662.9
929.3
238.7
i 45 7
63.3
83.4
14.9
38
do
do
do
41.6
348 5
2, 080 2
59.9
348.0
2, 365. 1
do
do
do
970.7
12 4
1 649 6
1, 007. 1
24 9
1, 674. 0
2
8
8
4
119 3
611 5
75.4
812 6
87 5
601.6
78.4
820 0
113 9
652 7
82.8
936 5
115 3
608 6
76.7
892 8
118 9
582. 2
78.4
877 8
114 0
602.9
72.5
854 4
86 0
561. 7
77.9
792 0
597 6
198 6
204 1
583 7
225 2
247 6
539 1
191 9
199 8
537 7
177 6
186 9
638 6
205 1
207 9
625 9
193 8
203 7
684 6
200 8
188.2
641 5
203 5
191 8
531 2
190 1
192 1
15 3
41 2
13 0
33 4
12 3
34 9
7 2
50 5
78
34 4
7 5
43 2
11 3
40 7
10 8
32 0
4 9
36 0
18
35 4
54.7
74.3
20.4
39
57. 2
71 9
27. 1
4 1
63.7
53 0
25. 3
34
50
78
27
3
3
3
1
9
66.2
100 4
32 8
3 5
70
84
30
5
1
4
7
0
68 0
82 8
44.7
4 2
68
80
25
3
2
7
2
5
65 5
84 5
14.3
3 i
64.1
83 7
25.0
3 2
66
69
23
4
4.1
29.1
204.7
6.6
27.8
205.1
5.5
32 8
218.2
7.9
28 1
231.5
10.8
38 7
235 4
6.7
33 8
207 1
4.4
31 0
218 2
10.3
35 9
228 1
5 3
36 8
225 9
4.6
35 7
221 5
2.3
40 3
210 6
3.7
41 9
220 1
67.8
1.8
131.6
87.1
3.3
138.9
84.3
1 5
138. 2
80.9
11
141.8
87.3
16
124 2
86.4
2 0
130 6
87.6
16
128 5
108.6
4 7
179 0
92 5
5 9
163 1
95 5
35
151 3
101 2
21
121 1
73 5
1 5
131 1
79. 1
70.6
74.0
891 1
913.7
1.0
.5
45 2
41.7
1.3
156. 5
141.1
119.0
1.615.1 1. 736. 7
r
Revised.
* Preliminary.
i Beginning Jan. 1966, excludes data for Singapore.
^Revisions prior to Sept. 1965 will be shown later.
cfNumber of stocks represents
number currently used; the change in number does not affect continuity of the series.
9 Includes data not shown separately.
*New series; index is based on the closing prices
of the more than 1,250 common stocks listed on the Exchange.
(^Beginning Jan. 1965, data
77.9
6.6
143. 1
76 6
2.2
165. 2
76 7
4.4
145.4
78 8
8 7
146.9
88 7
71
165.1
77 7
3 4
1 73. 6
82 4
5 2
163. 5
81 1
6 0
162.2
141.0
Northern North America
Southern North America
South America
By leading countries: A
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... ..
do
do
do
6
8
6
6
122
637
75
842
5
4
3
0
76 7
reflect adoption of revised export schedule; in some instances, because of regrouping of commodities and release of some "special category" items from the restricted list, data for commodities and countries are not comparable with those for earlier periods.
ABeginning
with the Jan. 1967 SURVEY, data for regions and countries (except India and Pakistan) are
restated to include "special category" shipments formerly excluded.
SURVEY OF CURRENT BUSINESS
S-22
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1966
Aug.
Annual
October 1967
Sept.
1967
Oct.
Nov.
Dec.
Tan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE—Continued
Value—Continued
Exports (mdse.), incl. reexports—Continued
By leading countries—Continued
North and South America:
Canada
inil.
Latin American Republics, total 9
Argentina..
Brazil
Chile
__
3,871.7
4, 234. 9
do
do
do
267. 5
347.9
237.4
244.3
579.4
255. 2
19.3
55.8
22.5 i
198.5
287. 0
0
1,180.2
598.0
24.6
0
!
89.4
46.1
0)
1,105.9
625.6
623.7
do_
do_
do_
do_
2, 855. 5
486.2
650.1
434.2
Mlncral fuels, lubricants, etc. 9
Coal and related products
Petroleum and products
do.
do_
do_
946. 5
494.3
417.6
Animal and vegetable oils, fats, waxes
do_
471. 6
do
Crude materials, inedible, exc. fuels 9
Cotton, raw, excl. linters and waste
Soybeans, exc. canned or prepared
Metal ores, concentrates, and scrap
do_
Manufactured goods 9
Textiles
Iron and steel
Nonferrous base metals
Machinery
do
do
do
do
Latin American Republics, total 9
Argentina
Brazil
Chile
37.6
63.6
24.8
19.0
42.8
21.7
25.9
39.5
16.0
19.8
53.5
23.6
17.3
40.9
21.2
18.3
38.3
20.9
22.6
35.4
19.0
16.1
50.6
19.9
23.3
0
j
0
98.4
103.4
46.6 ! 49.9
19.2
0
102.8
49.0
23.1
0
90.8
43.0
16.8
0
105.4
44.4
13.4
0
101.2
55.6
16.7
0
103.6
48.6
22.3
0
105. 5
45.7
15.2
0
99.2
51.0
26.7
42.1 I
19.2
46.4
40. 4
50. 2
236. 9
1
27
49^ 9
6
46
240. 6
358.3
12.9
242.5
327.8
11.6
212.1
333. 3
13.3
208.9
335.9
12.4
214. 0
78.5
39.6
41.3
47.6
59.2
54.2
225.5
40.4
18.7
40.7
286.1
34.9
92.0
42.2
337.9
59.7
124.7
35.1
312.2
72.4
85.5
31.2
276.7
56.6
67.2
29.8
280.7
53.8
62.9
34.7
288.2
47.9
54.2
47.3
263.0
34.2
65.3
41.7
291.7
48.7
61.1
47.3
275.3
35.7
58.1
44.6
89. 8
49.3 i
35.9 |
96. 6
49.6
42.0
92.0
48.6
41.0
82.5
42.1
37.2
75.9
34.2
38.5
29.3
31.2
81.4
39.1
36.9
76.4
33.3
38.0
84.4
42.0
38.6
93.3
48.3
40.1
94.5
48.6
40.4
356.0
33.8 I
26.7
21.6
27.7
32.6
33.4
29.2
32.1
38.9
2, 675. 9
3, 434. 2
554.2
557.5
582.4
' 3,256.9
! 527.8
629.0
; 539. 3
l
227.7 \ 218.5
r
218.0
218.1
•272.5 ! 277.4 | 294.6 : 276.1
42.4 !! 44.3 | 48.5
47.3
40.3
41.7 I
48.5 i 47.8
52. 0 ! 44. 6
45. 2
35.1
235.9
294.8
50.6
54.8
40. 0
227.1
289.9
48.0
57.1
47.1
242.5
215.2
325. 5
47.4
54.5
61.5
285.6
42.1
52.8
49.5
234.2
309.3
44.9
50.2
55.9
249.0
293.7
45.6
48.1
45.7
240.2298.6
49 o
45. 6
61. 0
959.6 L, 157. 2 1,116.9 1,115.5 1,088.1
885.5 11,039.8
937.7 1,050.0 1,005.9
601.2
44.5
72.4
163.2
655.5
49.1
31.0
85.6
173.2
619.6
44.9
26.8 !
87.3
164.8
669.0
46.2
34.3
82.1
169.9
653.7
53.9
28.2
82.4
165.6
643.0
57.7
25 9
86'. 5
166.0
741.9
69.6
30.0
96.4
188.6
726.3
64.1
32.9
95.8
185.6
740.0
71.9
28.9
97.3
182.1
54.' 0
31.5
89 9
183.9
284.3
200.4
551.9
44.2
26.5
74.6
140.8
384.3
249.5
318.1 I
241.5 j
381.0
247.5
352. 2
226. 2
316. 6
201. 3
415.3
254.1
390.6
241.0
375.4
243.5
405. 5
935 9
9
113.7 ! 120.
38.5 • .. _
70.9
29. 9
"0 7
n
22.
9
32
256.8
258. 5
37 9 i
42.1 i
46 9
954. 6
\
i
:
908. 8 •
637. 0 . .
50.3
31.3
84.7 1
164.8
317.5
179. 1
2,276.9 I 2,252.4 2,240.1 2, 261. 8 2, 003. 5 2, 355. 9 2,091.1 2, 222. 4 2, 277. 4 2,127.2 ;2, 166. 3
2,261.0 2,186.3 2,231.2 2, 295. 6 2, 204.1 2, 184. 7 2, 224. 0 2, 118. 6 2, 228. 2 2,235.4 ,2,114. 0
25,542.2
95.6
463.5
44.9
729.8
94.7
359.9
41.2
628.0
978.0
5, 278. 7
593.5
7, 863. 9
75.0
518.7
57. 1
644.8
90.0
507.7
64.3
684.7
72.9
438. 9
471. 9
54. 0 j 43. 2
728. 7
757. 7
79.8
405.2
42.1
702.1
84.6
460.2
47.4
702.7
4,837.1 6,131. 2
1,741.7 1,912.2
2, 623. 8 2, 785. 2
516.2
156.0
212.4
538.4
135.9
271.2
560. 9
536. 4
167.3 | 154.4
254.9 i 224.1
627. 6
168. 7
214.4
526.8 I 497.7
181.0 1 163.5
257. 7
217.9
16.1
225.9
17.6
250. 5
.6
15.5
1.1
34.4
.3
15.0
1.2
19.4
313.7
348.1
44.8
211.9
165.2
369.1
2,413.9
398. 7
237. 0
67.8
2176.7
179. 0
397.6
2,964. 5
35.4
27.3
4.5
18.2
16.1
39.2
303.9
44.4
30.5
6.1
16.4
15.1
45.2
281.5
43.0
29.6
6.3
13.4
13.6
22.2
255.8
28.9
25.5
5.4
19.1
13.1
33.3
272.9
615.3
6.5
1,341.4
619. 7
42.6
1, 405. 2
698.0
8.2
1,796.8
743. 0
49.4
1, 785. 6
60.0
.4
144.0
71.8
6. 1
148.4
56.6
1.2
169.4
60.4
3.1
166.0
65.0
1.0
163.3
71.1
4.4
174.6
4,831.9
6,124. 7
515. 0 |
537.4
3, 674.8
3,969. 9
301. 0
351.3
122.1
512.4
209.4
148.8
599.7
229.1
12.4
25.5
17.4
12.0
87.8
24.9
877.6
4,528.1
453.1
6,292.2
316. 2
308.2
12.8
196.9
977.5
493.3
435.6
!
2,401.7
I
322. 4
10 8
14 8
334.4
11.0 i
228.0 I
393.5
394.4
352.1
18.6 i 17.0 | 11.6
260.5 i 269.0
241.2
r
78.4
421.4
46.7
608.5
76.9
441.5
33.4
661.5
68.5
439. 8
57. 6
692. 1
57 4
436. 9
51.9
661.7
597.8
200. 9
222.8
544.4
176. 4
214.9
629.0
169.7
209.8
643. 8
176.3
201. 5
563 5 i
136.1 i
218. 9
.7
15.0
.6
27.7
.9
21.9
2
19! 2
4.9
20.2
3.8
15.9
.2
11.5
29.9
27.4
4.7
13.8
14.9
23.3
227.6
36.6
28.5
7.6
17.7
12.2
29.0
257.4
30.2
21.1
4.8
10.8
15.3
22.9
193.2
27.2
29.4
6.4
18.8
17.5
36.3
251.5
35.1
23.4
4.1
16.1
13.7
34.3
20.3
23.9
3.6
17.0
14.3
20.7
248.7
43.6
22.4
3.4
12.0
12.7
36.1
251. 6
32.8
9
10
66.6
.8
175.9
73.6
4.0 !
178.7 I
56. 5
.4
163. 5
66. 2
4.1
165.5
58.3
2.1
172.2
57.7 j
6.4 1
147.4
49.5
.4
142.8
61.9
1.9
133.7
57.9
.3
160.3
77.7
6.0
147.1
52.8
2
131.' 7
66.1
2 4
123.5
54.5
.3
142.9
69.4
4.5
154.9
60.2
.3
166. 1
70.4
139. 3
166. 1
71.0 ....
1.7
131.3 ! . _ _ .
560.1
536.3
627. 4
526.3 i
497.6
597.5
544.3
628.5
643.4
562.5
354.8
324.9
317.8
365.9
319.8
344.6
331.7
317.8
11.5
79.3
19.6
13.1
46.7
21.3
12. 3
42.4
14.8
14.8
52.1
14.7
10.4
36.0
25.8
13.5
43.2
11.4
9.6
38.4
15.5
11.2
37.9
18.6
19.0
0
69. 3
80. 1
25.3
0
70.3
100.7
22.8 i 20.6
13.4
Colombia
do
276. 7
244.8
Cuba
do
0
!
0
0
0
0)
56.5 I 48.9 i 59.4
Mexico
do
750.2
638.4
87. I I
70. 8 ! 78. 4
Venezuela..
_do
I 1,018.0 1, 002. 4
!
2
'Revised.
pPreliminary.
Less than $50,000.
Beginning Jan. 1966, excludes data
for Singapore; such shipments amounted to $1.0 mil. in that month.
^Revisions for Jan.
1964-Nov. 1965 will be shown later.
9 Includes data not shown separately.
C'See
339. 2
228.7 '
39.8
36.7
36.9
21,365.6
do. .
do
do-__.
347.6 j 319.4
346. 4
3, 072. 2
432.2
759.9
421.8
do
do
_do_.
400. 0
336.5
74.7
3, 445. 0 3, 714. 6
1,975. 5 2,386. 5
Northern North America
do
Southern North America
do
South America
do
By leading countries:
Africa:
United Arab Republic (Egypt)
do_
Republic of South Africa
do,
Asia; Australia and Oceania:
Australia, including New Guinea
do
India
do
Pakistan
do
Malaysia
do
Indonesia
do
Philippines _ _ _
do
Japan
do
Europe:
France
do
East Germany
do
West Germany
do
Italy
do__Union of Soviet Socialist Republics._. do
United Kingdom
do
North and South America:
Canada
do
22.5
23.6
0
I
0
101.5
113.6
53. 5
52. 4
350. 0
531.1
351.3
638.5 I 625. S
537.6
73.9
do
do
do
do
do
do
21.7
51.9 I
17.8 I
14.5 i 641.4
360.7
539.0 .
71.2
transport equipment, total j
mil. $ _ _ 110,147.1 11,164.3
I
Machinery, total 9
do
! 6, 702.1 7, 445. 9
628.5
Agricultural
do
i 634.1
337.9
Metalworking
do
| 331. 7
970.6
Construction, excav. and mining
d o _ _ ^ ' 932.9
Electrical
do
1,659.7 1,898.8
General imports, totalt
Seasonally adjusted},.
By geographic regions:
Africa
Asia
Australia and Oceania
Europe
;
62.1
and
Transport equipment, total
Motor vehicles and parts
16.5 i
47.4 I
15.7 !
4, 566. 7 •387.9 i 398.2
158.9
13.8
14.2
3,189. 3
277. 7
273. 9
4, 003.1
161.8
2, 636. 6
517.0
Beverages and tobacco
346. 0 i 383. 3
I
!
>, 801.1
27,135. 3 29,883.9 2,311.6 i 2,450.6 !! 2,653.5 :I 2,593.4 ! 2,690.2 2,516.6 -2,459.5 2,801.1 2, 680. 9 -2,697.8 ••2,648.7 2.401.9 2,449. 9
;
9
'HO.9 i 2.382.6 2.584.3 2,538.3 ' 2,619.3 2,438.4 >2,389.2 2,762.5 -2,630.4 -2,653.1 2, 585. 4 2.350.8 ;2,358. 9
26,356.5 28,943.5
524.2
472.3
552.2
519. 6
543.9
531.6
513.6
571.0
569.0
621.7
697.7
632.0
6,228.6 | 6,884.5
I, 248. 9 2, 156. 7 2, 154. 0 2, 129. 2 1,929.6
20,906.7 123,014.6 1,743.7 1,887.8 2,033.9 1,895.8 2,057.1 , 985.1
lo
lo_...
lo
io.._-
By commodity groups and principal commodities:*
Food and live animals 9
do
Meats and preparations (incl. poultry) _ _ d o
Grains and cereal preparations
do
Chemicals
j
do
Colombia..
Cuba
Mexico
Venezuela
Exports of U.S. merchandise, total Ct
Excluding military grant-aid
Agricultural products, total
N onagri cultural products, total
579.9 I 621.2 j 597.6 ; 583.7
6, 661. 0
5,642.8
9 g
10.0
16.0
36.0
251.2
_...
60 7
4
304.4
10. 6
41.0
16.2
10.0
54 4
11.8
1
22.0
19.7
19.1
18.9
23.0
18.8
o
0
0
0
0
50.7 :!
70.5
71.7
64.3
65.2
63.3
85 Q
QO 9
78 fi
fifi 1
79 7
82.0
similar note on p. S-21.
*New Series. Comparable data prior to 1965 for the groups are
not available; data for individual commodities may be obtained from Bureau of Census
reports.
15.6
0
66.8
81.2
SURVEY OF CURRENT BUSINESS
October 1967
1967
1966
1966
1965
Unless otherwise stated, statistics through 19G4
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
S-23
Sept.
Aug.
Annual
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
AUT.
Sept.
FOREIGN TRADE OF THE UNITED STATES—Contirmed
j
FOREIGN TRADE — Continued
Value — Continued
General imports— Continued
By commodity groups and principal commodities:*
\gricuHural products total
mil $
335.8
4, 083. G 4, 530. 5
17,282.0 21,011.7 1,844.4
405.9
1,886.9
381.3
1,895.6
299.0
4.6
63.7
53.9
45.4
372.3
5.2
98.9
57.1
73.3
358.2
6.7
99.9
58.4
48.1
3, 459. 6
120.5
1,058.5
426.5
449 5
358.4
375.7
336. 1
344.5
431.5
362. 0
415. 3
364.6
356.9
1,895.5 1,878.1 1, 846. 5 1, 638. 8 1, 924. 4 1,715.4 1 . 886. 3 1,919.0 1,782.8
326.3
7.9
72.7
48.8
40.9
330.8
12.8
75.8
50.1
35.4
355. 4
24.5
92.6
54.3
33.6
314.1
25.9
74.5
47.5
37.0
369.0
20.8
93.8
51.4
46.2
322.6
11.7
76.9
44.3
54.4
296.2
5.5
77. 4
43.1
37.4
337.2
9.9
75.4
51.5
59.7
327.6
8.8
80.5
59.6
63.8
331.7
Food and live animals 9
Cocoa or cicao beans
Coffee
Aleats and preparations
Sugar
do
do
do
do
do
Beverages and tobacco
do
553.2
641.7
41.8
53.3
64.7
66.5
53.6
60.0
49.9
63.6
62.4
55.5
51.4
38.3
39.9
Crude materials, inedible, exc. fuels 9
Metal ores
Paper base stocks
Textile
fibers
Rubber
do
do
do
do
do
3, 046. 6
915.4
421.9
435.4
188.1
3, 265. 6
1,019.8
449.3
436.3
180.9
306.9
110.9
42.9
32.9
16.3
280.4
101.9
35.2
28.5
13.5
265.0
105.2
38.0
26.0
14.8
270.1
102.9
37.5
25.6
15.3
251.0
79.4
38.9
26.9
12.9
254.0
75.3
37.6
29.6
17.3
210.8
61.2
33.3
24.9
14.1
254. 5
62.8
39.8
32.0
21.2
226.3
62.7
32.4
25.2
13.6
250.7
92.6
35.0
23.5
14.3
282.2
117.0
35.8
24.9
9.6
224.0
79.7
30.7
23.0
9.0
276.5
-
- do
do
2,221.5
2, 092. 5
2, 262. 0
2, 127. 1
204.5
190.3
182.9
169.9
182.6
173.7
181.5
170.1
182.5
173.0
226.7
212.7
186.7
172.3
211.8
197.2
193. 8
179.1
194.7
181.1
176.9
163. 7
165. 3
153.5
158.3
Animal and vegetable oils and fats
Chemicals
do
do
116.5
768.8
146.2
964.0
12.6
'78.1
10.5
95.1
11.9
79.4
12.8
80.5
13.1
74.7
14.2
82.4
14.8
80.0
11.3
90.2
8.0
83.7
8.2
85.1
6.2
76.1
7.2
70.7
9.9
82.9
5, 555. 4
1,234.7
789. 6
1,266.8
800.4
6, 353. 9
1,305.0
889. 5
1,551.7
908.5
-565.9
131.2
76.0
135. 0
79.1
579.9
134.4
81.0
139.3
80.4
564.2
116.6
78.8
136. 0
75.5
581.9
140. 2
77.9
147.4
67.2
513.5
99. 2
75.4
133.5
69.3
522.1
101.6
72.8
128.9
80.9
471.7
98.2
64.6
122. 6
60.4
531.9
114.4
71.4
129.7
76.7
490.8
105. 6
68.9
122. 3
69.8
551.7
122.4
79.3
127. 1
69.8
527.5
114.2
77.8
124.8
61.3
493.2
110.8
69.9
105.0
60.4
513.2
2, 947. 8
4, 827. 6
r
379.0
416.7
434.7
454.5
547.8
484.4
434.7
537.2
430.4
497.1
515. 8
473.6
418.5
do_
do
1, 746. 2
63.5
639. 6
2, 618. 4
135.3
1,015.9
238.5
14.8
98.9
225.0
10.7
99.5
243.6
12.9
103.5
267.7
17.2
117.8
261.9
16.8
107.3
242.0
16.3
85.9
232.5
14.3
87.5
286.1
19.8
103.7
234.1
17.5
80.7
254. 4
16.2
86.0
249.8
17.7
87.5
251.6
15.9
89.1
do
1,201.5
810.1
2, 209. 3
1,617.7
139.9
90.2
191.7
137.9
191.1
147.0
186.8
147.8
285.8
239.3
242.4
195.9
" 202. 1
164.1
251. 1
196.4
196.2
151.1
242.8
192. 8
266.1
218.2
222.0
179.6
144
152
106
158
168
106
159
161
106
16~
180
107
153
152
99
180
182
101
184
186
101
191
193
101
Mineral fuels, lubricants, etc
Petroleum and products
Manufactured goods 9
Iron and steel .
Newsprint
Nonferrous metals
Textiles
Metal working
Electrical
_.
_
_.
_
Transport equipment
do
do_
do
do
do
Indexes
Exports (U.S. mdse., excl. military grant-aid):
Ouantitv
1957 59 100
Unit value
General imports: cf
Quantity
do
do
Unit value
do
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports) :§
Shipping weight
thous. sh. tons__
Value
mil $
General imports:
Value
mil $
3, 947. 5
122.2
1,067.3
599.5
501.2
171,730 "1185,978
16, 927 * 18,520
T
255,754
'14,942
r4
266,074
'* 17,319
106
104
17, 003
1,513
17, 025
1,500
16, 979
1,648
16,012
1,652
14, 120
1,637
12, 452
1,533
12,971
1,463
13, 705
1,653
14,948
1,601
16, 058
1,607
26, 177
1,551
24, 044
1,602
24, 603
1,519
23, 292
1,536
20, 210
1,383
22, 877
1,511
18, 994
1,315
20, 764
1,540
20, 132
1,348
22, 646
1,426
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers
Scheduled domestic trunk carriers:
Financial operations (qtrly. total):
p at g reve ues, lotai v
do
Passenger
Property
U S mail (excl subsidy)
Net income (after taxes)
Operating results:
Fxnress nnd frei ht ton
M^ail ton-miles flown
if ~fl
3 306
3* 278
2 933
218
74
2 886
223
r\
do
941 0
921 6
219 6
1 010 9
1 081 7
do
do
do
n
A
9g9 4
01
I
49 2
57 1
Express Operations (qtrly.)
Transportation revenues
...
mil. $
Express privilege payments
_ . do
431 4
119 3
21.6
6 798
21.9
6 671
1
4
5
4
2
430 8
111 7
Local Transit Lines
Fares, average cash rate
Passengers carried (revenue)
61
66
20
5
4
Passenger-miles flown (revenue)
bil
cents- _
mil
Motor Carriers (Intercity)
Carriers of property, class I (qtrly. total):
Number of reporting carriers
Operating revenues, total
mil $
Expenses, total
do
Freight carried (re venue) _ . _ .
_
mil. tons
2
1 105
7 112
6 736
428
99 4
97 4
23 0
5 1
96
105
9
4
7
5
91 7
101 2
26 3
7 1
47
9§ ()
21.9
599
21.9
552
97
104
36
7
5
3
4
5
5
5
96 6
87 1
24 9
7 4
5.3
88 9
85 5
24 5
6 7
4.6
21.9
583
21.9
570
22.0
582
102.6
105 8
29.9
84
5.9
1987
1570
126
1990
176
100.1
108.8
28.2
8 0
5.5
105.2
114 4
29.4
7 9
5 4
3
22.1
553
22.2
520
22.2
595
105.4
117.4
28.9
9 2
6.7
108.8
29.0
101.2
24 0
115 2
99 2
107 3
22.2
561
22.3
593
22.4
553
'22. 8
494
23.0
525
1 155
2 090
1 907
118
' Revised.
p Preliminary.
i As compiled by Air Transport Assn. of America.
Number of carriers filing complete reports for the year.
3 Payments of $2.6 mil. have
been deferred until 2d quarter 1967.
* Revisions for Jan.-July 1966 will be shown later.
5
Excludes excess baggage revenues.
9 Includes data not shown separately.
2
1
9
6
3
0
i 1, 122
1 030
1 020
904
62
24
951
39
1 002
992
870
69
28
890
60
831
893
730
50
20
736
48
3 707
3 672
3 261
242
91
9
3 50
240
mil. $__
*New series, replacing imports for consumption data formerly shown. Comparable
monthly data, beginning Jan. 1965, will be shown later.
^Beginning Jan. 1965, indexes are based on general imports, instead of imports for consumption as formerly.
§Excludes "special category" shipments and all commodities exported under foreign-aid
programs as Department of Defense controlled cargo.
SUKVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
1966
Annual
October 1967
Aug.
Sept.
1967
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Sept.
Aug.
TRANSPORTATION AND COMMUNICATION—Continued
TRANSPORTATION— Continued
Motor Carriers (Intercity) — Continued
Freight carried, volume indexes, class 1 and II
(ATA):
Common and contract carriers of property
(qtrly.)
average same period, 1957-59 = 100
Common carriers of general freight, seas, adj.*
1957-59=100.
Carriers of passengers, class I (qtrly.) :§
Number of reporting carriers
Operating revenues, total
mil. $
Expenses, total
do
Passengers carried (revenue)
mil
Class I Railroads
Freight carloadings (AAR):
Total cars
thous _ .
Coal
do
Coke
do
Forest products
do
Grain and grain products .
do
Livestock
do
Ore
do
Merchandise, l.c.l
do
Miscellaneous,_
do Freight carloadings, seas. adj. indexes (Fed. R.):
Total...
1957-59 = 100
Coal
do
Coke .
do
Forest products..
do
Grain and grain products . _
do
Livestock
do
Ore
do
Merchandise, l.c.l
.. _
- -do
Miscellaneous .
do
Financial operations (qtrly.) :
Operating revenues total 9
mil $
Freight
do
Passenger
do
Operating expenses
do
Tax accruals and rents
do
Net railway operating income
do
Net Income (after taxes)
do
Operating results:
Ton-miles of freight (net), revenue and nonrevenuc (qtrly )
foil
Revenue ton-miles*
do
Revenue per ton-mile (qtrly avg )
cents
Passengers (revenue) carried 1 mile (qtrly ) mil
Waterway Traffic
Panama Canal:
Total
thous Ig tons
In United States vessels
do
Travel
Hotels:
Average sale per occupied room
dollars
Rooms occupied
% of total
Foreign travel:
XT S. citizens' Arrivals
Departures
Aliens: Arrivals
Departures
Passports issued and renewed
National parks visits
Pullman Co. (qtrly.):
Passenger-mi'es (revenue)
Passenger revenues
161.2
144.3
156.0
i 156
610.3
516.7
218.3
i 156
641.0
545.8
223.2
29, 248
5, 555
29, 618
5,590
2,361
469
428
432
1,978
2, 662
1,996
2,877
32
158
233
125
110
1,956
2,131
459
156. 2
154.9
156.7
155.5
155 8
153.6
155.7
134.3
141.6
147.3
143.7
148.6
2,221
458
2,282
459
2 2, 728
2205
2249
28
155
170
29
158
161
1,968
357
24
144
196
2,221
448
26
164
212
5
194
17
1,155
90
95
86
100
94
24
75
9
92
150.2
156
156
162
210.6
159 4
65. 2
155.0
136.5
56.1
137.8
133 3
52.5
2 2, 986
2 570
-'41
M93
2260
2, 333
443
2, 526
485
32
2 2, 624
2 553
2,054
434
29
148
201
29
158
193
6
67
20
4
68
20
2
7
291
225
5
121
21
5
197
20
2268
228
233
14
155
24
2
10
2 108
14(5
2 2, 660
2528
2
2,049
438
32
154
234
238
2 175
2 252
34
2511
234
2
192
2216
- 540
234
2 201
2 218
322
233
19
203
26
16,084
16, 159
1,205
2 1,583
1,373
1 , 286
21,460
1,139
1,149
2 1, 520
1,263
1,253
2 1, 476
4
198
17
1,029
97
97
100
103
97
40
95
20
100
96
95
98
102
105
35
102
14
99
94
100
107
98
105
34
91
13
95
95
94
100
99
103
36
99
13
98
94
96
91
97
100
37
92
13
96
97
95
88
9S
104
40
130
13
100
99
95
87
103
109
38
129
13
101
97
95
82
105
99
32
116
12
100
96
96
78
107
94
29
104
11
98
96
97
74
109
100
30
96
11
98
96
104
80
103
88
24
116
11
98
93
102
87
102
85
23
92
11
95
89
97
85
99
80
25
83
11
92
85
97
84
99
74
26
78
10
87
10 208
8,836
10, 655
9,281
2, (590
2.311
2 718
2,368
553
544
165
125
7 850
1 396
8 117
1 492
1,046
2,031
2 098
2 027
902
391
268
227
356
263
244
364
145
121
709 3
697 7
1 266
17 389
750.5
738 3
1.257
17 095
186.7
186 1
1.242
5 427
189.7
186 1
1 272
3 880
180 0
177 2
1. 256
3 567
3 56 6
3 sg 3
2 3 70.1
3 50.2
356.6 - 3 70 8
78. 927
9,080
83, 019
9,630
7,480
6, 962
6,549
692
7,013
6,929
731
863
6, 744
750
815
7,909
670
7 136
809
819
702
7,778
7,841
767
8,378
810
7,843
638
9.71
10.03
10.49
10.45
10.86
9.35
10.03
10.22
65
118
49
118
59
106
62
114
10.98
10.41
65
111
60
108
9.79
62
115
69
113
10.41
62
112
64
122
67
123
64
128
li. 06
63
123
9.93
55
109
11.12
63
112
3,351
3,341
2,093
1,819
571
396
262
231
132
387
322
268
204
94
311
250
217
187
73
251
217
181
157
71
2, 664
1,329
254
275
149
123
111
941
308
328
206
157
197
356
365
223
190
224
3, 872
273
258
185
133
100
932
322
325
191
154
188
8, 582
236
248
177
183
67
851
1,380
1,711
165
8, 814
144
8,595
962
815
1,330
36, 509
mil
mil $
2 014
34 55
1,969
33.80
11 750
6 272
4,188
7 076
2 091
81 5
6,795
25
225
2
11
2 221
221
2 1, 532
90
89
82
104
87
74
9
94
2,628
2,312
2 536
2 226
121
117
179
143
186 8
943
r
2,417
402
537
236
217
219
' 5, 674
r
358
6.11
650
397
403
11. 07
6.91
6.97
12 904
6,699
4,761
7,713
2,317
86 0
3, 260
1, 676
1,216
1,935
3 330
1,717
1,237
2,038
592
3,356
1,732
1,245
2, 040
580
584
84.9
86.0
87.0
3,445
1,764
1,291
2,067
618
87.8
305 6
267 4
03 g
319 3
275.5
24 9
80 5
71. 1
5 5
81.7
69.7
81 5
71.8
4 3
85 3
73.4
7 0
II 9 2
87 0
°1 0
121 4
90.4
27 1
31.3
09 7
7. 5
31 2
23 9
6 3
33.1
24.8
7 1
T
Revised.
v Preliminary.
i Number of carriers filing complete reports for the year.
3
Data cover 5 weeks; other periods, 4 weeks.
Preliminary estimate by Association of
American Railroads.
*New series. The monthly motor carrier index (ATA) is based on a sample of carriers
that represents approximately one-third of the class I and II common carriers of general
freight; monthly data back to 1955 are shown on p. 40 of the July 1966 SURVEY. Railroad
revenue ton-miles are compiled by Interstate Commerce Commission.
2
155.7
2 15
2 292
3,881
3,759
2,413
2,040
1,548
38, 490
do
do
do
159.4
157.3
6
233
25
thous
do
do
do
do
do
COMMUNICATION (QTRLY.)
Telephone carriers:
Operating revenues 9
mil $
Station revenues
do
Tolls message 3
do
Operating expense* (before taxes^
do
Net operating income
do
Phones in service end of period
mil
Telegraph carriers:
Domestic:
Operating revenues
mil $
Operating expenses incl depreciation
do
International:^
Operating revenues
Operating expenses incl depreciation
Net operating revenues
150.9
1
j
7.5
31.4
23.8
6.6
I
§EfTective 1st qtr. 1965, carriers reporting both intercity and local and suburban schedules
are classified as intercity if intercity revenues equal or exceed 50 percent of revenues from
both operations.
9 Includes data not shown separately.
cf Comparability of data between periods shown has been affected by organizational
changes: certain operations reported prior to 1965, and others reported through mid-1965,
are no longer covered.
SURVEY OF CURRENT BUSINESS
October 1967
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
1966
Aug.
Annual
S-25
Sept.
Oct.
1967
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
1,225
1,280
1,220
June
July
Aug.
Sept.
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
Acetylene
mil. cu. ft
Ammonia, synthetic anhydrous (commercial)
thous. sh. tons
Carbon dioxide, liquid, gas, and solid
_ do
Chlorine gas (100% Oh)
do
Hydrochloric acid (100% HC1)
do
Nitric acid (100% HNOs)
do
Oxvgen (high puritv)
mil. cu. ft
Phosphoric acid (100% P2OO
thous sh tons
Sodium carbonate (soda ash), synthetic (58%
Na2O)
thous sh tons
Sodium bichromate and chromate
do
Sodium hydroxide (100% NaOH)
_
do
Sodium silicate (soluble silicate glass), anhydrous
thous. sh. tons
Sodium sulfates (anhydrous, refined; Glauber's
salt; crude salt cake)
thous. sh. tons
Sulfuric acid (100% HsSOO
do.
587.8
609.1
56.0
53.9
55.1
52.8
51.1
47.9
1, 407. 9
24,850.7
1, 427. 4
28,477.3
118.1
2,318.4
120.5
2,269.9
115.0
2,430.3
112 8
2,462.5
114.0
2,568.4
117.0
2,356.1
Organic chemicals, production:^
Acetic anhydride
Acetylsalicvlic acid (aspirin)
Creosote oil
1 1 , 531. 7
29 0
12123.6
1, 600. 9
34.1
i 112.7
134.0
2.4
10.0
125.7
2.9
9.9
126.8
3.2
8.8
137.0
2.7
9.6
137.3
3 4
10.0
129.8
2 9
9 9
i 140. 8
141.5
i 114. 0
i 121.6
13,106.6 '3,627.1
9.9
9.4
320 7
9 3
10.9
291.9
11.5
9.7
318.8
10.3
12.8
309.6
10.9
12.1
308 3
31.5
23.8
41 2
56.2
30.5
21.7
41.2
57.6
32.4
22.4
43.1
58.4
35.2
24.3
42.8
59.9
659. 6
204.0
570.0
74.7
48. 0
205 3
48.3
6 4
58.1
201. 5
43.9
7. 0
65.2
196.9
50.9
8.9
DDT
Ethvl acetate (85%)
Formaldehyde (37% HCHO)
Glycerin, refined, all grades:
Production _
_ _ _ _ _ _
Stocks, end of period
Methanol synthetic and natural
Phthalic anhydride
mil. Ib
do
mil gal
mil Ib
do
do
16, 745
1,471
1,426
1,399
1,409
1,234
1,467
10,661.1
1, 298. 2
6, 946. 0
1, 504. 8
5, 333. 0
214, 853
4, 531. 2
857.2
134.0
585. 6
124.8
420. 9
18,167
374.2
847.8
115.4
570.0
125.0
423.7
18,125
353.2
822.2
113.9
605.2
135. 5
469.2
19.178
388.0
911.4
106.9
599.6
129. 5
497.5
18, 584
374.3
1,049.6
96.2
615.2
135.4
512.5
18 343
391 6
994.9
91.6
633.1
133.6
531.8
18, 333
406.7
928.7
84.7
589 0
126.7
521 3
17 072
404 9
1,032.2
93.9
648.1
138.8
544.3
18,899
424.8
991.4
92.9
613.0
133.2
531.9
17,617
410.6
1,072.8
103.6
646.7
134.2
515 4
18, 557
408 4
4 928.0
141.0
6, 796. 4
5, 073. 2
138.9
7, 342. 0
417.2
11.9
617.4
400.7
11.9
605.7
445.2
12.9
649. 0
408.2
9.3
634.1
424 4
9. 1
657.2
391.2
11.5
656.9
359 6
11 8
596 0
429.4
11.6
660.0
408.7
11.2
642.9
404 0
10 1
673.0
48 3
353.2
24.7
1 433. 3
i 608.3
mil. tax gal
do
do
do
710.1
200. 5
589. 5
70.0
_
1,464
8, 710. 9
1, 077. 7
6, 478. 7
1, 368. 1
4, 889. 7
182, 031
3, 904. 6
do
do
mil gal
mil. Ib
_ _
16, 839
365. 6
26.0
i 485. 6
i 674. 8
r
r
1, 069
1,032
l, 002.0
r
112.9
' 624. 1
125.9
M46 3
17, 397
353 6
967.6
109 8
642 1
120 9
457.5
17, 645
341.0
r
421. 7
10 7
' 643. 5
398.1
9.7
662.3
55.3
50.7
53.6
45.1
43.6
121.7
106 1
330 3 2,480.8
115.2
2,460.1
122 4
r
2,426.0
114 7
2 2
7 2
108.4
2.9
10.6
129.7
29
11.4
135 0
2 5
9 1
135 8
1 7
9 5
140.1
2 2
9 9
10.9
300 9
10 1
8 3
289 8
9.7
10.7
321.8
9.4
12.4
308 9
9 7
12 8
319 5
7 0
14 2
295 4
9.6
10.1
281 2
30.8
26 0
48 1
58.7
30.9
27. 5
42 2
58 3
26
27
41
53
5
3
0
6
30.9
27.0
44.5
57.6
31.0
27.2
39 6
59 8
33.3
27.7
45 9
60 4
28.1
29.4
45 7
55 0
26.8
27.9
41 9
52.8
59.6
199.0
47.7
6.8
59.4
204.0
48.0
5.2
57.0
203 1
56.6
51
49
205
41
5
i
1
9
0
56.3
204.1
51.6
6 7
52.6
209 5
39.8
6 5
63.4
214 4
49.2
7 0
57.2
216.0
45.6
6.8
54 1
221 9
48.5
5.3
9
102 3
109 6
r
2,196.2 2, 072. 5
25 2
22.5
ALCOHOL
Ethyl alcohol and spirits:
Production
_ .
.__
Stocks, end of period
Use for denaturation _
Taxable withdrawals
Denatured alcohol:
Production
Consumption (withdrawals)
Stocks, end of period
r
mil wine gal
do
do
315.9
315.2
5.4
307.3
310.0
3.5
26 0
26 1
9 9
23.7
23.6
3. 0
27.8
26.7
4.0
25.8
26.5
3.2
25.9
3.5
30 4
30. 7
3 2
22 6
22 8
2 8
27.9
26.8
38
21.5
21.8
36
26 5
26.1
4 0
24. 5
25.0
3 6
26 1
25.7
4 0
thous. sh. tons
do
do
do
310.810
3
1, 196
3 8, 104
3 1. 053
14,219
2,303
10, 018
1,000
1 194
172
821
104
1,155
197
808
85
1,131
193
805
88
1,497
443
864
58
1,432
216
1,019
94
1,273
116
979
136
1 128
118
854
108
1,166
137
922
83
1,171
40
943
77
1,311
153
947
87
1,360
95
959
76
1,111
68
855
53
1,354
111
940
98
177
181
1.780
398
154
160
2,382
321
12
5
214
11
8
237
34
13
10
260
13
14
20
228
13
12
12
175
35
11
20
221
9
9
29
213
30
19
32
244
22
28
19
308
22
21
5
207
21
12
3
154
39
10
2
121
24
10
15
264
16
3, 342-
3,991
472
372
282
286
351
296
504
611
319
217
145
385
567
r
346
T
FERTILIZERS
Exports, total 9 _. _ _
Nitrogenous materials
Phosphate materials
Potash materials
_ __
Imports:
Ammonium nitrate
Ammonium sulfate
Potassium chloride
Sodium nitrate
_
-
do
do
do. ._
do
Potash deliveries (K 2 O)
do
Superphosphate and other phosphatic fertilizers
(100% P2O5):
Production
thous sh tons
Stocks, end of period
do
(4)
9
72
3,834
469
4,431
624
.8
1, 459. 4
.5
1,753. 1
2, 169. 3
1, 246. 7
922.6
2, 364. 4
1,312.4
1, 052. 0
225 9
139 4
93 5
205.5
115.8
89.7
195. 6
105 2
90.4
178.5
91.2
87.3
149.9
73.0
76.9
162 0
81 3
80.7
167 3
88 9
78 4
208.3
114.8
93.5
208 6
121 1
87.5
231 7
134 4
97.3
250.4
146 7
103. 7
214.8
134 2
80.7
i 7, 336
3,425
i 8, 242
2,704
677
2 975
G71
2,925
705
2 871
699
2,926
722
2,704
694
2 722
611
2,618
708
2 492
696
2 405
719
2,349
668
2,215
716
2,278
1 169. 5
i 190. 6
15 2
15 4
16 3
15.3
16.1
14.1
14.5
15.7
13.8
15.1
14.2
11.6
i 639. 6
1
59 g
49 4
48 6
47.3
45.0
46 7
43 3
51 1
47 6
52 3
52 8
46 1
i 324. 3
i 398. 9
i 921. 8
1621.2
i 333 5
453 3
1
982. 6
i 632. 8
31
37
80
53
97
37
89
53
$
9
0
5
23 9
37 9
90 6
58.3
27 1
38 0
80.4
51.8
22 0
37.1
73.9
47.1
23 4
35 9
77 7
50.8
25 5
35 4
73 2
46.8
28
41
88
57
1
6
2
4
94 9
40 1
80 6
51.2
19
46
80
51
0
4
8
3
25 4
41 8
80.0
56.6
20 5
35 7
67.3
42.8
9 04 f.
994 5
311.0
210 3
239 2
304. 6
210 2
227 5
312.7
192 7
227.0
326.3
190 8
223 4
306.8
188 6
204 4
296.9
201 2
225 5
330. 5
207 9
215 9
320.5
208 5
211 8
316.1
192 3
212.2
309.8
169 8
167.7
299.7
334
658
328
572
367
552
370
612
395
624
403
602
406
637
439
623
415
529
627
r
287
700
324
705
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments, quarterly:
Black blasting powder, _ _ _ .
mil. Ib
High explosives
do
Paints, varnish, and lacquer, factory shipments:
Total shipments
__
_
mil $
Trade products
do
Industrial finishes _ _ _ _ _ _
do
Sulfur, native (Frasch) and recovered:
Production
_
thous Ig tons
Stocks (producers'), end of period
do
1.1
482.2
.1
406 4
—1.0
427.8
.1
456 2
PLASTICS AND RESIN MATERIALS
Production:
Cellulose plastic materials.
. mil. Ib
Therm osetting resins:
Alkyd resins
do
Coumarone-indene and petroleum polymer
resins.
mil Ib
Polyester resins
do
Phenolic and other tar acid resins
do
Urea and melamine resins
_
do
Thermoplastic resins:
Styrene-type plastic materials (polystyrene)
mil Ib
Vinyl resins (resin content basis)
do
Polyethylene
do
614 0
12 033 1 1 2 397 2
12 312 3 ^2 670 2
3, 047. 4 1 3, 558.7
'>
o
6
9
?03 7
2'?3 9
311.1
r
Revised.
i Revised annual total; revisi9ns are not distributed to the monthly data.
2 Beginning Jan. 1965, data exclude creosote in coal-tar solutions (formerly included): these
average 930,000 gallons per month in 1964.
s See note "O" for p. S-21.
* Less than 500
short tons.
o^Data are reported on the basis of 100 percent content of the specified material unless
otherwise indicated.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
S-26
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1 1966
I
October 1967
1966
|
Sept. | Oct.
Aug.
Annual
1967
Xov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total t
mil kw -hr
Electric utilities total
By fuels
By water power
do
_ do
do
_ _
1 157 583 1 248 232 II 9 348 102 982 103,070 102, 729 109,717 109, 951 101,061 107, 699 102, 172 106, 582 111,704 114,428
1 055 959 1 143 737 03 63°
861, 401 949, L}54 87, 309
193 851 194,482 16 393
93 817
79 7"
14, 095
94 °10
79, 786
14,424
93 949 100 860 101 256
78, 745 83, 053 83, 566
15,204 17,807 17, 690
92 960
76, 369
16, 591
98, 942
80,419
18, 523
93, 654
76, 199
17, 455
97, 727 103, 007
78, 524 84, 505
19, 203 18, 502
06, 019
87, 106
18,914
859, 414
195, 838
933, 407
210, 329
85, 221
18,411
16 090
77, 789
16,422
77, 140
16, 809
82, 365
18,495
82,618
18,638
75, 468
17, 492
80, 627
18,315
75, 546
18, 108
78, 747
18,980
83, 772
19,235
85, 836
20, 184
do
do
do
102 331
99 198
3 134
104,496
101,346
3 149
8, 716
8 509
9
07
8, 466
8. 264
9
01
8, 859
8, 626
233
8,780
8 521
259
8, 857
8, 575
282
8,695
8,393
302
8,101
7,821
280
8,757
8,454
304
8,518
8,220
298
8,854
8, 524
330
8,697
8,408
289
8, 409
8,183
226
do
953 414 1,038,982
93, 376
91,519
86, 718
80, 350
89, 262
93, 362
89, 654
90, 421
88, 105
87, 585
90, 587
94, 197
do
do
9 9
0 112
433 365
225, 878
465, 077
21,995
40, 212
21.329
40,355
19,166
40, 001
18 457
39, 851
18, 840
39, 560
19. 253
39, 652
18. 613
38, 367
18, 859
39, 559
18, 705
39, 530
18, 679
40, 304
20, 343
40, 991
22, 196
40, 130
do
do
do
do
do
4 659
°80 970
8 782
9
1 675
1 858
4 514
306 572
9 240
25 922
1 779
355
7 607
714
9
''66
166
341
26. 351
746
2. 239
158
370
23, 981
811
2, 238
151
376
24 371
866
9 9
91
139
421
27,087
914
2,306
134
438
30, 594
925
2,351
149
423
28, 895
834
2,370
152
426
28, 174
817
2,407
179
376
26, 142
772
2,376
204
370
24, 885
726
2,316
306
337
25, 510
702
2, 405
301
336
28, 166
713
2,341
315
Privately and municipally owned util
do
Other producers (publicly owned) _ _ _ do
Industrial establishments, total
By fuels
By waterpower
Sales to ultimate customers, total (EEI)
Commercial and industrial:
Small light and power§
Large light and power §
Railways and railroads
Residential or domestic
Street and highway lighting
Other public authorities
Interdepartmental
9
Revenue from sales to ultimate customers (Edison
Electric Institute)
mil. $ 15 158 4 16 196. 1 1, 453. 1
1,427.6
1,351.6 1 330.5 1,375.0 1, 431. 2 1, 398. 1 1, 393. 8 1, 370. 4 1,362.4 1,416.3 1, 481. 4
GAS
Manufactured and mixed gas:
Customers end of period total 9
Residential
Industrial and commercial
Sales to consumers total 9
Residential
Industrial and commercial
thous
do
do
709
659
4°
mil therms
do
do
1 357
809
534
T
T
()70
T
r
41
T
\
r
3$f)
r N()7
r
r
r 9
7
r
670
628
41
677
634
43
672
629
42
r
r
r
383
218
160
561
363
198
311
176
131
34 7
22. 3
12.0
49 0
33.6
15.3
29.0
18.5
10.2
r
37,
r
34,
r
38, 201
35, 062
3,139
38, 073
34, 991
3,037
669
691
40
()'>S
165
63
101
16 9
8 6
7 5
Residential
Industrial and commercial
do
do
130 9
4
87
42 1
Natural gas:
Customers end of period total 9
Residential
thous
do
37 965
34 297
9 997
Residential
Industrial and commercial
do
do
118 748 r ] - > 7 594
39 190 r 4Q 959
74 657 r #() S90
7-93 715
r
3 435
r
!8 84°
r 9
3
r
060
l(), 169
"20.521
42 927
18, 843
24, 084
31, 225
9,194
20, 931
mil $
do
do
7 278 5 r 7 7459 9
^4
3 937 8 r 108
3 166 0 3 433 8
r
'1, 957.3
••1,028.8
r
877. 5
2, 882. 5
1,731.9
1, 150. 5
1,868.3
962.6
865.8
Revenue from sales to consumers total 9
Residential
Industrial and commercial
! 7 9
T ^3 5
T 43 \
r
r 37 ]x3
r 34 057
r 3 o89
r
r
r
183
057
3 089
37 J96
34, ''34
r •> 919
l 903 1
r
458 6
r (}9^ 5
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production
_
mil. bbl
Taxable withdrawals
do
Stocks, end of period
_ _ _ _ do
Distilled spirits (total):
Production
mil. tax gal__
Consumption, apparent, for beverage purposes
mil. wine gal__
Taxable withdrawals
mil tax gal
Stocks, end of period.
do
Imports
_
mil proof gal
Whisky:
Production
mil tax gal
Taxable withdrawals
do
Stocks end of period
do
Imports
mil. proof gal_.
Rectified spirits and wines, production, total
mil. proof gal__
Whisky
do
Wines and distilling materials:
Effervescent wines:
Production
mil wine gal
Taxable withdrawals
do
Stocks, end of period
do
Imports
do
Still wines:
Production
do
Taxable withdrawals
do
Stocks, end of period
do
Imports
do
10.98
7.60
855. 37
4.88
7.68
5.44
855. 62
3.50
6.87
4.26
8.94
5.53
8.69
5.32
9.67
5.93
9.37
5.82
6.47
3.87
.86
. 51
4.01
.14
.86
.43
4.38
.13
.83
.65
4.50
.17
,71
.52
4.64
.13
.74
.62
4.66
.15
.94
.68
4.87
.14
.49
.48
4.86
. 10
3.49
13.43
253. 50
1.22
3.14
13.14
239. 90
1.08
3.22
17.87
225. 49
1.47
2.88
13.59
212. 49
1.35
2. 63
13.59
201. 88
1.51
3.11
14.94
187. 26
1.41
.73
1.01
3.88
.25
.96
1 00
3.75
.18
88.44
15.90
290. 38
1.57
17.88
16. 09
282. 86
2.07
8.28
14.47
265. 10
1.43
.58
.73
4.46
. 11
218. 82
165.77
265. 10
16.34
9.63
13.10
171.88
1.21
72. 94
13.93
225. 04
1.25
Distilling materials produced at wineries_-.do
31.96 145. 40 129. 56
470. 56
390. 23
Revised.
{Monthly revisions for 1964 appear on p. 43 of theJune 1966 SURVEY produc Lion dat;i for
all periods shown here include Alaska and Hawaii.
r
15.47
8.21
854. 57
4.49
79
'.91
4.20
. 23
.73
.54
4.66
.10
233.41
167.14
262. 30
14.91
14.09
7.54
850. 06
4.32
6.49
3.60'
8.75
7.40
3.75
1.64
7.29
6 25
3.10
1.45
14.82
8.25
846. 85
4.49
6.92
3.99
12.70
9.34
101.30
67.13
9.40
900.14
4.04 " '4.89
9.92
6.46
9.21
6.40
94.11
64. 81
8. es
11.14
27.52
12.95
900. 42
5.56
13.81
6.81
843. 33
3.42
8.46
5.72
8.72
16.46
27. 99
13.46
899. 46
5.19
12.73
6.49
839. 32
4.10
844. 37
4.58
7.61
7.46
847. 65
3.74
20.27
9.85
6.55
835. 46
4.88
9.92
10.06
835. 18
6.39
128. 51
94.57
835. 46
52.20
18.17
23.66
11.70
895. 69
4.90
21 54
9.76
888. 40
3.94
9.26
11.13
839. 28
6.60
126. 88
90. 05
835. 85
51.10
19.36
17.20
32.77
14.32
878.48
7.15
24. 12
12.31
885. 41
4.38
27.24
12.64
892. 90
5.21
17.20
21.18
9.91
885. 49
4.90
17.06
12.94
308.92
r 144.73
880. 49
60.30
10.64
9.63
13.03
15.20
16.28
26.45
15.57
879. 81
7.41
191.14
294.24
137. 52
872. 90
58. 04
11.21
10.51
12.83
37.56
10.05
880. 42
5.46
14.31
25. 20
12. 57
883. 87
5.77
185. 06
10.99
10.44
12. 25
11.26
10.20
13.04
8.15
7.07
11.77
8.10
7.93
11.08
113.04
104. 26
10.57
10.77
9.18
12.88
8.38
7.00
11.31
8.37
7.79
11.54
9. 00
8. 95
11.62
108.22
100. 42
10. 34
8.33
8.14
10. 57
10.68
9.50
12.14
4.27
........
.10
1.84
10. 12
177.28
1. 17 " ~ i ~ 2 7
•> 99
6 59
10.74
7.44
3.28
18.65
8.68
10.56
35.20
§D-ita are rlot whol ly compsirable on a year to year 3asis because of changes from one
classif ication t o anothe r.
91ncludes (lata not shown se parately
SURVEY OF CURRENT BUSINESS
October 1967
Unless otherwise stated, statistics through 1964
and descriptive not^p are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
Annual
S-27
1966
Aug.
Sept.
Oct.
1967
Nov.
Dec.
Jan.
Feb.
Mr r.
Apr.
May
June
July
Aug.
Sept.
FOOD AND KINDRED PRODUCTS; TOBACCO— Continued
DAIRY PRODUCTS
Butter, creamery:
Production (factory)
Stocks, cold storage, end of period
Price, wholesale, 92-score (N.Y.)
Cheese:
Production (factory), total
American whole milk
mil Ib
do
$ per l b _ _
1,324.6
52.1
.610
1,112.0
32.3
.672
76.5
85.9
.736
68.7
68.4
.754
78.0
58.1
.699
80.9
39.0
.680
97.2
32.3
.674
112.3
35.1
.669
105. 0
54.7
.672
111.8
76.2
.672
120.0
102.9
.672
129 1
151 2
.673
129.5
191.6
.672
104.9
228.5
.672
86.2
234.8
.681
mil. Ib
do
1,755.5
1 158 4
r
1,867. 4
r
M54.9
l 224 2
r 104 °
145.6
95.3
144.0
91.6
139.4
85.8
155.3
98.6
152.3
101.1
143.7
95.4
160.7
106.7
170. 5
119.1
IS'. 3
131.1
192.0
137.4
172 .4
120.6
159.4
108.6
308.6
°71 0
79.3
372.7
322.2
135. 5
402.5
349 4
10.8
398.4
347.1
10.3
388.8
335. 5
15.3
378.3
325.4
17.8
372.7
322.2
17.8
367.8
317.4
14.7
361.2
308. 6
13.2
367.4
317.9
18.8
387.4
335.1
15.7
408.0
355.4
11.7
442.7
388.9
18.4
457.1
403 6
12.0
449.5
394 2
.450
.527
.562
.562
.554
.530
.530
.530
.520
.518
.518
.518
.522
.524
.518
12.2
160.3
12.1
133. 4
12.3
123.6
11.1
104.9
9.5
108.2
4.6
105. 2
2.9
103.6
4.0
119.8
6.6
146.5
6.9
165.2
6.2
173. 3
7.9
152. 0
3.4
141.9
6.9
6.0
245.1
7.0
253. 4
7.2
230.8
11.6
192.9
14.3
150.0
15.5
119.6
13.8
81.9
9.8
124.0
10.9
174.2
12.1
228.6
14.6
266.8
13.6
281.8
10.7
4. 9
8.1
3.8
10.3
3.4
7.0
2.1
5.6
3.0
(2)
1.5
(2)
1.8
3.7
7.3
2.2
7.0
2.3
5.2
3.6
.1
3.2
(2)
1.4
Stocks, cold storage, end of period
do
American whole milk
do
Imports
do
Price, wholesale, American, single daisies (Chicago)
$ per Ib
Condensed and evaporated milk:
Production, case goods:
95.9
128.6
1,693.0 ••1,696.1
Evaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of period:
5 9
11.6
Condensed (sweetened)
mil Ib
134.8
192.9
Evaporated (unsweetened)
do
Exports:
92.9
i 65.3
Condensed (sweetened)
do
38.4
i 24.7
Evaporated (unsweetened)
do
Price, manufacturers' average selling:
6.09
6.73
Evaporated (unsweetened)
$ per case__
Fluid milk124,173 120, 230
Production on farms
mil. Ib
60, 202 ' 56, 398
Utilization in mfd dairv products
do
4.23
' 4.81
Price, wholesale, U.S. average
$ per 1001b__
Dry milk:
Production:
94.4
Dry whole milk
mil Ib r 88.6
1,988. 5 1 595 1
Nonfat drv milk (human food)
do
Stocks, manufacturers', end of period:
5.0
6.9
Dry whole milk
do
58.2
118. 5
Nonfat dry milk (human food)
do
Exports:
i 20. 0
16.4
Drv whole milk
do
i 438,, 8
170.3
Nonfat drv milk (human food)
do
Price, manufacturers' average selling, nonfat dry
.147
.182
milk (human food)
$ per lb_.
5.9
6.93
7.07
7.06
7.07
7.06
7.05
7.05
7.05
7.05
7.05
7.05
7.05
7.05
9,763
r
4, 716
-5.01
9,263
r
4, 101
r
5. 28
9,333
r
3, 950
'5.39
9,012
«• 3, 837
'5.39
9,511
r
4, 286
'5.28
9,855
4, 760
5.15
9,217
4, 59d
5.06
10,510
5, 185
4.95
10, 732
5, 558
4.77
11,508
6, 134
4.74
11,146
6, 379
4.68
10,311
5, 599
4.80
9, 757
4,984
4.98
7.3
112 6
6.8
88.5
8.3
94.0
5.6
94.3
5.6
125.1
6.7
135.2
6.7
129. 6
8.0
145.7
8.8
173.0
10.2
195.1
7.2
202. 4
8.2
157.5
5.1
130.1
8.2
129 3
7.9
118.4
8.4
116.8
8.3
112. 2
6.9
118. 5
6.8
118.7
7.0
111.7
7.2
99.6
8.8
115.7
10.9
137.9
9.4
157.6
10.2
162. 3
8.6
152.6
2.6
19.7
1.4
15.6
.9
9.8
.8
8.8
.8
4.1
1.2
9.4
1.6
14.4
1.6
10.7
.8
7.2
1.2
16.2
.9
32.1
13'. 4
.8
7.4
.202
.206
.200
.204
.201
.200
.199
.201
.199
.199
.199
.199
134.0
126 8
125.5
101.3
90.5
82.7
100.9
87.6
86.5
91.7
98.7
5.17
.198
138.7
9,173
106.1
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats rye, wheat).. .mil. b u _ _ 11,385.6
Barley:
Production (crop estimate)
Stocks (domestic) end of period
On farms
Off farms
Exports, including malt§
Prices, wholesale (Minneapolis):
No. 2, malting
No 3 straight
do
do
do
do
do
Stocks (domestic), end of period, total, .mil. bu_.
On farms
do
Off farms
do
Exports, including meal and
flour
do
Prices, wholesale:
No. 3, yellow (Chicago)
$ per b u _ _
Weighted avg., 5 markets, all grades
do
Oats:
Production (crop estimate)
Stocks (domestic), end of period, total
On farms
Off farms
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
Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers
mil. lb_.
Shipments from mills milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis), end of period
mil Ib
Exports
do
Price, wholesale, Nato, No. 2 (N.O.)
$ per l b _ _
Rye:
Production (crop estimate)
mil. bu_.
Stocks (domestic), end of period
do
Price, wholesale, No. 2 ( Minneapolis) _ _ $ per b u _ _
r
3 389 ft
292.3
177.2
115.1
63.6
3.7
386.1
245 3
140 8
8.5
4.6
4.3
292 3
177 2
115 1
1.4
2.7
3.1
205 4
113. 1
92 2
.8
3.0
4.9
s 120. 3
556.0
564.4
5.2
7.9
1.35
1.33
1.34
1.31
1.39
1.35
1.41
1.39
1.37
1.36
1.36
1.34
1.35
1.34
1.32
1.31
1.33
1.32
1.32
1.31
1.35
1.33
1.33
1.31
1.32
1.29
1.31
1.30
3 4, 084
204.9
3 4,103
203.6
18.1
17.1
18.3
16.9
15.1
16.2
15.1
17.6
16.7 ~ ~ ~ 1 8 . 1
18.2
16.1
18.6
4,041
3,085
956
i 598. 9
3,663
2,885
778
616.6
51.8
5 840
5 530
s 311
45.3
35.6
56. 4
3,663
2,885
778
44.6
~~35.~ 4
38.1
2 705
2,034
671
49.0
35.4
31.7
1,735
1,330
405
34.0
28.0
36.8
1.28
1.25
1.34
1.31
1.48
1.40
1.44
1.40
1.37
1.35
1.31
1.33
1.42
1.37
1.40
1.36
1.38
1.33
1.38
1.34
1.36
1.32
1.37
1.33
1.35
1.33
1.28
1.26
1.22
1.19
3927
762
660
103
3798
660
555
105
30.2
2.3
3.2
4.2
2.3
.5
«.77
.76
.75
.78
.78
.79
1,612
1,055
3
(8)
.77
(8)
.77
.2
.8
1.7
2.8
806
1.4
.75
.74
.78
.74
.73
104
58
144
122
202
153
.74
4
82
53
371
110
266
109
33
54
154
58
179
197
147
119
163
122
138
134
180
206
207
317
97
168
304
262
317
260
248
239
202
120
135
113
5,880
3,962
896
232
1,312
366
1,640
404
664
416
405
399
341
403
294
414
232
441
150
385
104
385
26
276
405
206
1,133
289
1,641
13,411
.083
1,758
2,978
.083
623
85
.083
1,109
200
.083
1,826
226
.083
1,867
246
.085
1,758
322
.085
1,611
472
.085
2,766
390
.085
1,163
461
.085
900
319
.085
616
324
.085
379
510
.085
450
223
.085
912
194
3 33. 2
327.9
28.3
1.20
1.21
28.3
1.25
1.19
24.3
1.23
1.22
5 18.4
1.17
24.0
118
5,711
74,020
90. 6
4
85 1
1,586
946
1.19
1.19
5 268
5 198
570
441
354
88
660
555
105
.74
76 3
4, 717
18.4
4
833
675
158
i 24.3
3
1.26
1.26
4
98 8
1. 15
37 8
1.24
1.23
l
2
Revised.
See note "O" for p. S-21.
Less than 50 000 Ibs. r 3 Crop estimate for
5
the year.
< October 1 estimate of 1967 crop.
Old crop only; ne^A crop not reported
6
until beginning of new crop year (July for barley, oats, rye, and wheat; O 3t. for corn).
Av-
373. 4
2.3
1.33
1 27
mil bu
do
do
do
Exports, including oatmeal
do
Price, wholesale, No. 2, white (Chicago)
$ per b u _ _
4
3 39° 3
300. 8
184.5
116.3
i 65.9
$ per bu_
do
Corn:
Production (crop estimate, grain only) _ _ mil. b u _ _
Grindings, wet process
do
1, 590. 3
1.18
1.20
1.21
1.23
1.17
1.18
7
Beginning June 1965, data include shipments to Gov't. agencies.
erage 'or 11 UK)iths.
8
§ Excludes pearl barley.
9 Bags of 100 Ib.
Less than 50, )00 bushels.
SURVEY OF CURRENT BUSINESS
S-28
Aug.
Annual
1967
1966
1966
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
October 1967
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Con.
Wheat:
Production (crop estimate) total
Winter wheat
Distribution
mil bu
do
do
O f Off fa m<5
'
do
do
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
$ per bu_.
Xo. 2, hd. and dk. hd. winter (Kans. City). do
Weighted avg., 6 markets, all grades. _ _ do
Wheat flour:
Production:
Flour
Offal
thous sacks (100 Ih )
thous sh tons
Stocks held by mills, end of period
thous sacks (100 Ib )
Exports
do
Prices, wholesale:
Spring, standard patent (Minneapolis)
$ per 100 Ib
Winter hard 95% patent (Kans City) do
2 1, 554
2320
2 1, 233
406
392
347
277
1 441
544
897
1 049
409
640
702
241
461
3426
3 147
3 279
1 336
405
931
1 049
409
640
694. 2
646 5
875.7
820.8
80.5
74.7
70.2
71.6
81.8
75.8
62.1
56.1
55.1
50.5
51.8
48.1
40.7
38.0
50.8
46.5
48.3
44.6
48.0
44.2
'50. 5
45.9
59.6
57.4
65.4
63.1
1.83
1.58
1.70
1.97
1.81
1.88
2.09
1.98
1.98
2.09
1.93
2.08
2.02
1.80
2.00
2.00
1.88
1.98
1.97
1.86
1.95
1.92
1.79
1.91
1.91
1.73
1.87
1.97
1.84
1.93
1.96
1.78
1.91
1.99
1.77
1.94
1.94
1.66
1.86
1.93
1.61
1.75
1.86
1.58
1.81
250 384
4,645
564 724
253 000
4,619
567 936
22, 017
401
49 421
22, 720
416
50 986
22 553
412
50 600
21, 134
485
47 198
20, 463
373
45 716
20, 669
376
46 429
19, 390
350
43, 506
21, 694
376
48 788
19, 765
348
44 495
20, 282
360
45 343
4 314
* 20 464
4 180
23, 540
2,495
4 197
1,962
2,601
2,595
4 180
1,956
1,564
1,172
4,226
1,844
1,560
1,642
1,976
911
5 784
5 464
6 365
5 994
6 838
6 483
6 813
6 433
6 638
6 167
6 550
6. 100
6 325
5.883
6 250
5.700
6 175
5.633
6 263
5.850
6 263
5 790
6 275
5 767
6 213
5.700
6.275
5.800
4 432
27, 319
13 133
8,056
361
2,469
1 148
576
390
2,416
1 115
911
389
2 335
1 355
1 424
384
2,285
1,244
1,325
366
2,257
1,042
705
372
2,365
1,142
514
313
2,105
840
355
400
2,338
943
459
316
2,185
891
388
300
2,425
1,013
406
285
2,423
958
326
271
2,238
955
397
332
2,461
1,108
612
26.17
25.42
25.73
25.51
28 50
26.07
25.51
30 00
25.48
24.79
31 50
24.93
24.18
32.50
24.49
24.28
32.50
25.21
24.32
33 00
24.92
24.04
35 00
24.65
24.58
35.00
24.59
24.81
31 00
25.37
25.14
34 50
25.83
25.49
32.00
26.37
25.61
30.00
27.18
25.53
63 729
15 175
5 088
1 192
5 888
1 305
6 047
1 439
6,200
1,469
6 215
1,460
6 280
1,497
5 652
1,233
6,725
1,442
5 870
1,372
5 306
1,328
5,178
1,249
4,743
1,118
5,808
1,257
20.78
22.88
23.85
22.57
18. 2
18.6
18.3
11 710
3 450
2 157
11 553
5 3 901
1 988
24.29
do
do
flour
Exports total, including
Wheat only
1 1 316 1 1 311
i 299
i 254
1 1 017 1 1 057
r \ 430 r 1 559
4
4
1.90
1.57
1.90
20, 394 ' 18, 945 22, 330
398
369
'335
45, 609 r 41, 851 49, 844
1,001
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
thous animals
Cattle
do
Receipts at 26 public markets
do
Shipments, feeder, to 8 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
$ per 100 lb._
Steers, stocker and feeder (Kansas City)_.do
Calves vealers (Natl Stockyards 111 ) do
Hogs:
Slaughter (federally inspected) thous animals
Receipts at 26 public markets
do
Prices:
Wholesale, average, all grades (Chicago)
$perl001b._
Hog- corn price ratio (bu. of corn equal in value
to 100 Ib. live hog)
_
Sheep and lambs:
Slaughter (federally inspected) thous animals
Receipts at 26 public markets
do
Shipments feeder to 8 corn-belt States
do
Price, wholesale, lambs, average (Chicago)
$ per lOOlb-.
5
26
14
7
076
614
257
230
5
25. 81
22.50
27 17
63 708
15 386
00
5
OQ
27.59
24.79
21.34
19.78
19.10
18.77
18.81
18.05
17.23
21.31
21.05
21.12
19.94
19.09
16.5
16.4
15.2
14.6
14.8
14.9
14.0
13.5
17.4
16.7
17.7
18.4
17.1
1 024
398
230
1 067
497
3>;>T
1 O09
405
337
896
344
126
905
269
111
1 053
298
88
989
221
70
1,072
250
71
872
215
76
890
300
95
904
272
96
902
277
76
1,001
360
113
25.00
24.75
24.00
23.25
22.25
22.00
22.50
21.25
21.25
22.75
29.25
26.75
24.75
'24.00
28 336
29 289
2 480
2 593
2 600
2, 636
2,647
2,732
2,419
2,748
2,513
2,569
2,552
2,327
2,624
484
4
535
1 012
621
480
1 318
433
45
123
451
43
131
509
59
1°8
565
52
104
621
36
106
668
36
115
697
42
99
727
41
110
783
39
96
725
43
91
664
39
112
601
34
130
526
40
131
15,995
269
4
46
718
16, 708
317
32
895
1, 489
96
1,467
232
3
101
1, 432
261
3
99
1,414
282
3
72
1,418
317
3
73
1,488
334
3
82
1,324
325
3
63
1,466
313
3
67
1,378
303
3
61
1,524
300
3
56
1,514
288
3
77
1,381
276
3
97
1,495
270
3
99
.433
.441
.440
.448
.433
.427
.431
.437
.434
.419
.427
.442
.454
.460
.469
576
12
581
17
49
99
52
21
51
20
45
18
46
17
55
15
52
15
56
15
44
16
43
17
43
15
43
13
48
11
942
1 074
1 117
1,177
1 183
1 189
1 042
1,226
1 090
1,002
995
902
1,082
757
140
4
18
867
151
4
22
901
171
°6
961
206
7
24
955
234
6
25
959
256
5
23
845
290
7
27
996
331
6
32
890
386
5
24
798
336
4
25
799
293
3
32
724
239
2
26
878
193
3
24
577
.577
557
.580
557
.550
568
.509
625
.497
578
.512
540
.506
549
.467
483
.458
.523
.556
557
.554
.523
.594
.553
134
73
16
.164
149
64
8
.158
157
70
15
.148
141
145
149
163
166
148
129
143
165
167
128
125
118
142
106
78
132
128
100
116
9
14
19
14
14
20
19
13
16
18
.124
.143
.133
.136
.135
.129
.119
.133
.138
3
Old crop only; new grain not 5reported until beginning of new crop year (July for wheat).
4
See note "O" for p. S-21.
Beginning 1966, data are for receipts at 28 markets.
r
22.50
MEATS AND LARD
Total meats:
Production (carcass weight, leaf lard in) , inspected
slaughter
mil Ib
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
11 766
12 000
Pork (excluding lard):
Production, inspected slaughter
do
9 330
9 670
Stocks, cold storage end of period
do
234
152
4
Exports
do
55
53
Imports
do
262
298
Prices, wholesale:
542
Hams, smoked composite
$ per Ib
587
Fresh loins, 8-12 Ib. average (New York) ..do
.532
.569
Lard:
Production, inspected slaughter
mil Ib
1 772
1 696
Stocks, dry and cold storage end of period do
62
100
4 251
Exports
do
158
Price, wholesale, refined (Chicago)
$ ner l b _ _
. 153
.152
r
Revised.
1
2
Crop estimate for the year.
October 1 estimate of 1967 crop.
999
9
.486
.545
SURVEY OF CURRENT BUSINESS
October 1967
Unless otherwise stated, statistics through 19S4
and descriptive note« are shown in the 1965
edition of BUSINESS STATISTICS
1967
1966
1966
1965
S-29
Aug.
Annual
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
Aug.
July
Sept.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
Poultry:
POULTRY AND EGGS
Stocks, cold storage (frozen), end of period, total
mil Ih
Turkeys
do
Price, in Georgia producing area, live broilers
$ per l b _ _
Eggs:
Production on farms
mil. casesGXStocks , cold storage, end of period:
Shell
thous casesO
Frozen
mil Ib
Price, wholesale, extras, large (delivered; Chicago)
7 998
8 786
931
893
958
888
790
682
551
624
622
733
791
771
992
409
254
351
207
321
176
296
149
308
160
368
221
484
325
9QQ
436
?67
283
171
409
°84
539
395
468
312
436
267
437
275
. 145
.145
.150
.140
.120
.125
.110
.125
.140
.130
.125
.120
.125
.140
. 120
.120
182.5
184.6
15.0
14.7
15.5
15.4
16.2
16.4
15.0
17.0
16.7
17.0
16.2
16.4
16.1
15.6
55
41
41
44
120
55
265
71
427
85
391
93
327
99
31 '">
85
51
27
36
57
60
100
53
48
46
23
39
27
36
64
37
328
401
417
477
430
456
399
343
311
322
265
258
.251
.324
.288
Cocoa (cacao) beans:
Imports (incl. shells)
_
.thous. Ig. tons
Price, wholesale, Accra (New York)
$ per lb._
.354. 4
.172
319.3
.246
9.6
.270
10.3
.241
13.4
.240
15.9
.233
26.8
.249
49.8
.266
50.9
.305
39.8
.290
21.6
.274
10.8
.276
18.9
.278
16.5
.269
9.2
.279
Coffee (green):
Inventories (roasters', importers', dealers'), end
of period
thous bagscf
Ro&stings (green weight)
d'o
3 143
21 680
3 141
°1 300
21 290
5 742
' J l ) 056
6 7i;>6
1 309
153
9 Q85
960
.451
1 498
.414
1 c<39
.413
117
230
°71
472
40
MISCELLANEOUS FOOD PRODUCTS
Imports total
do
From Brazil
do
Price, wholesale, Santos, No. 4 (New York)
$per lb_.
Fish:
Stocks cold storage end of period
Sugar:
Cuban stocks, raw, end of period
mil Ib
United States:
Deliveries and supply (raw basis) :§
Production and receipts:
Production
thous sh tons
2,505
5,226
2,874
5,657
3 141
5 495
3 343
5 119
947
1 573
455
1 664
471
1 979
560
1 618
359
2,092
412
1,717
362
1,722
183
1,647
468
2,126
627
1,818
620
.410
182
.403
171
.403
169
.398
138
.395
146
.388
143
.388
136
.385
106
.388
115
.395
111
.388
82
.380
248
259
962
272
271
253
224
204
190
183
184
226
235
r i 474
1 092
762
949
40
685
1 640
2,890
3,390
3,190
2 730
2,369
2,151
48
479
102
760
286
9 168
Deliveries total 9
For domestic consumption
do
do
Imports:
Raw sugar total 9
Refined sugar, total
thous sh tons
do
4 045
6 250
1 911
60
817
163
500
113
676
387
136
1,073
357
82
899
250
7
561
2 074
170
216
246
143
110
233
184
10
158
156
144
214
198
123
481
146
10 151
10 020
2 648
10 444
10 299
2 598
1 032
1 090
1 300
1 073
1 058
1 007
776
763
1 460
776
759
2 142
88Q
873
2 598
674
658
2,832
683
673
2,734
873
859
2,614
824
788
2,501
880
842
2,379
1,053
1.022
2,130
3 006
86
177
84
184
88
40
89
91
57
68
197
58
4 198
1 039
38
380
68
612
154
3
390
33
5
338
56
9
289
16
5
225
64
5
295
45
10
406
100
4
421
154
3
281
54
4
466
132
5
500
143
3
449
70
1
.068
.070
.071
.071
.072
.071
.071
.071
.072
.072
.072
.073
.074
.073
.073
59^
095
690
096
623
096
618
097
630
097
632
097
636
099
.633
099
.630
099
.629
.099
.629
.099
.627
.099
.631
099
.631
.099
.620
13° 996
9 681
13 174
11 018
9 281
10 545
12 461
11 633
14,419
14 518
12 663
12 378
10 476
11 907
2, 792. 5
3,181.2
307.7
276.8
260.5
265.9
264.3
259.8
260.1
270.5
249.9
283.6
275.9
221. 5
281.3
116 6
118 6
110 8
116 8
118 5
109 7
118 6
119.3
118.8
119.2
125.9
125.6
149. 0
2 773 1
2, 946. 8
248.1
219.3
219.9
237.6
259.8
238.0
240.8
254.1
244.5
251.0
255. 6
Prices (New York):
Raw, wholesale
. _ _ _ _ -$perlb_
Refined1.
Retail (incl N E New Jersev) $ per 5 Ib
oesae exc . excise ax
per
Baking or frying fats (incl. shortening):
Production
mil. lb-_
Stocks (producers' and warehouse), end of period
mil Ib
Salad or cooking oils:
Production
do
Stocks (producers' and warehouse) , end of period
mil Ib
Margarine:
Production
do
Stocks (producers' and warehouse), end of period
mil Ib
Price, wholesale (colored; mfr. to wholesaler or
.380
117
3 783
1 055
82
130 358
do
4 152
5 796
1 966
i 2 359
Hawaii and Puerto Rico
.303
(2)
891
875
' 1,869 p 1,367
r
135 8
123 9
230.3
.073
255.4
85 9
83 4
89 1
60 6
67 6
82 2
83 4
76.0
89.4
81.9
97.9
87.8
84.7
1 904 4
2 109 7
178. 1
173.4
190.0
193.3
192.9
202.3
174.7
194.9
160.5
171.0
173.6
41 6
53 9
55 9
57 5
59 9
54 8
53 2
49.5
55.3
65.3
68.2
57.9
59.7
261
266
266
274
273
273
.273
.273
256
.256
.256
.256
.256
.256
530. 1
416.8
566. 7
510 8
49.4
55.6
45.5
47.5
47.9
42. 7
55. 0
47.7
51.0
40.0
51.0
35.3
53.4
44.4
51.3
43.9
50.3
44.9
57.2
46.3
49.8
45.0
Ml. 5
40.4
31.1
50.9
45.5
40.3
43.3
43.0
50.9
63.0
75.1
78.4
83.6
80.8
83.5
408.5
210. 5
387.9
191.3
419.8
205. 6
393.7
202.1
403.8
211.1
419.1
220. 4
r 364.
••173.6
398.0
213. 0
^397 4
394. 6
84 5
r
90 9
4
176.8
61 9
61 4
r 139.
PATS, OILS, AND RELATED PRODUCTS
Animal and fish fats:A
Tallow, edible:
Production (quantities rendered)
mil. l b _ _
Consumption in end products
do
Stocks (factory and warehouse), end of period
mil. lb._
Tallow and grease (except wool), inedible:
Production (quantities rendere d)
do
Consumption in end products
do
Stocks (factory and warehouse), end of period
mil Ib
Fish and marine mammal oils:
Production
do
Consumption in end products
do
Stocks (factory and warehouse), end of period
™;i IK
r
4, 302. 5
2, 210. 5
4, 466. 9
2, 439. 6
375. 7
219. 1
389.8
215.3
380.0
210. 8
398.8
203.3
410.7
207. 9
413 8
447 4
393 9
417 1
42° 8
430 9
447.4
507 7
471 9
501 2
497.2
481.8
439 4
190.2
79.3
164.1
76.8
21.8
6. 6
20.4
6.7
8.7
5.2
16.5
6.5
7.1
5.8
1.9
6.1
.5
5.6
.8
5.7
3.2
6.9
9.1
6.2
20. 1
6.6
ICC;
1 f^S
1 (\(\ 7
1ftO d.
179 1
183 Q
1 58. 5
15.3 n
154 4
135 5
1 45. 5
165.9
1 65. 6
Revised. »> Preliminary, i See note "Q" for p, S-21.
OCases of 30 dozen. cTBags of 132.276 Ib.
2
Q
r;
Less than 500 short tons.
'80.5
r
1
44.7
55.4
72.0
21.4
6.0
20.3
6.5
' 1 67 7
165.4
§Monthly data reflect cumulative revisions for prior periods.
9 Includes data not
shown separately; see also note "§".
A For data on lard, see p. S-28.
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
1966
Annual
October 1967
Aug.
Sept.
Oct.
1967
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
1
FATS, OILS, AND RELATED
PRODUCTS— Continued
Vegetable oils and related products:
Coconut oil:
Production:
Crude
_
mil. Ib
Refined
._ .
- . do
Consumption in end products
_ . do ..
Stocks, crude and refined (factory and warehouse), end of period
mil Ib
Imports
_ __
do
Corn oil:
Production:
Crude
do
Refined
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) , end of period
mil. Ib
Cottonseed cake and meal:
Production
_ - .
thous. sh. tons
Stocks (at oil mills), end of period
do
Cottonseed oil:
Production:
Crude
mil Ib
Refined
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) , end of period
mil Ib
Exports (crude and refined)
do
Price, wholesale (drums; N.Y )
$ per Ib
Linseed oil:
Production, crude (raw)
mil. Ib
Consumption in end products
do
Stocks, crude and refined (factory and warehouse), end of period
mil Ib
Price, wholesale (Minneapolis)
$ per Ib
365. 4
488.1
723.5
569.6
784.0
38.4
45.9
67. 1
33.2
51.9
70.5
(d)
50.2
67.4
(d}
43.3
60.2
(d}
41.9
60.0
154 4
383.6
223 9
498.2
190.7
51.6
189.0
39.3
191.9
24.2
188.3
31.3
445 9
412.8
422.9
446.6
397.6
388.0
38 2
37.9
36.0
35 9
38.2
38.7
39 5
34.9
35.8
26.1
53.5
59. 1
55.4
2,756. 3
80.9
2, 382. 4
94.2
70 8
99 5
1 974 2
1, 668. 8
1,471.7
1 674.6
1,511.1
1, 263. 1
300.1
501 3
i .149
52.4
65.9
(d)
44.9
56.4
(d~)
41.3
62.7
('•)
45.0
65.0
(d)
52.4
68.3
223.9
9.3
194.5
196.8
206.8
79.6
187.7
18.4
191.6
20.2
36.1
36.0
33.4
34.1
33.6
34.0
34.3
34.0
34.2
33.7
30.3
32.5
40.4
38.8
38.2
54.6
55. 2
53.5
47.0
45.8
101.2
64. 1
237.7
89.6
259.9
91.7
249 2
94.2
237.6
111.6
4° 1
55 2
99.1
67 7
57 0
85.4
165 6
101 0
86.6
183. 1
137. 6
92.7
175 1
162.4
95. 1
381.8
184.0
.178
°32 8
9
9
. 9 02
201.8
2 8
. 181
246 2
6 4
. 165
309.4
5. 7
.169
410.1
227.2
454.2
226.9
38. '
°1 3
44.1
19 1
45.4
16 0
213 5
.134
208.4
.128
. 128
188 6
.126
12, 614. 4
120.0
Soybean cake and meal:
Production
thous sh tons 11,179 ]
75.4
Stocks (at oil mills), end of period
do
Soybean oil:
Production:
5 235 5
Crude
mil Ib
4, 547. 3
Refined
do
4 437 6
Consumption in end products
do
Stocks, crude and refined (factory and ware374. 8
house) , end of period
mil. Ib
1 026 7
Exports (crude and refined)
do
.134
Price, wholesale (refined; N.Y.)__. . _$ per Ib
(d)
53.4
-63.5
49.6
70.3
184 3
24.3
145.9
25.8
* 114.0
24.1
108.0
18.5
37. 7
33.7
31.0
38 5
34 8
35.1
40.2
36.8
40.0
-33.9
33.2
-30.0
38 9
33.2
35.7
44.9
49.5
50.0
49.2
-48.7
48.4
179.1
126.1
184.0
148.1
106.8
166.9
63.3
160.9
67.5
157.8
-44.2
148. 4
61.7
133 8
168.0
128. 7
82.5
126.6
117. 1
86.3
128.7
122.8
86.9
73.9
108.5
90.5
43 5
87.5
91.9
49 6
72.6
78.3
30 2
42.6
-73.4
49 g
47 7
80.8
381.8
5.2
.165
434.9
3.7
.151
476.9
4.6
.158
514.0
8.7
. 158
476.9
25 4
.158
416.7
11 6
.158
364.7
2.0
.160
- 298. 3
248.8
2 6
39.0
15.0
30.1
14.7
33.3
19.1
29.7
19.3
31.3
19.1
30.2
20.2
32.5
22.5
35.4
19.6
-16.9
32 9
17 9
207 8
.126
218.0
.128
208.4
. 128
205. 9
.128
204.9
.128
206.5
.128
204.7
.128
211.8
.128
199.2
.128
- 184. 1
.128
186 2
944 0
130 5
8°4 1 1 039 6
111 4
130.0
1,147.1
129.0
1,133.1
120.0
1,157.6
134.1
1,022.3
111.0
5 820.2
5, 152. 0
5 200.5
.<n<; q
425 8
449 6
38° 1
402 1
410 4
48? 1
411 5
419 0
521.9
427 0
434 8
512. 3
465.3
465.7
529. 0
460. 4
452. 2
468.8
410.4
418.7
496.8
446.0
455.6
502.8
387.4
404.4
514 7
424.8
436 8
513 5
450.3
450.6
-494 1
377.0
- 373. 2
486 6
439 7
443 8
510.9
684.8
.140
511. 1
97 l
.164
462.0
78 5
.142
457. 7
30 4
.132
488.0
48.6
.133
510.9
97.8
.131
566. 1
24.3
.127
581.6
45.7
.127
535.8
120.2
.128
600.4
41.0
.127
633.7
66 5
.127
591.0
131 0
.122
- 632. 2
86 2
.114
689 5
43 i
5,353
551 162
179, 336
Manufactured:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
Taxable
Cigars (large) taxable
Exports, cigarettes
46, 112
522, 532
7,076
23, 453
44, 236
511.463
7,578
23, 052
(<0
(d)
49.0
52.0
TOBACCO
Leaf:
2
1,855
Production (crop estimate)
mil Ib
Stocks, dealers' and manufacturers' end of period!
5.582
*
mil Ib
468 075
Exports incl scrap and stems
thous Ib
243, 347
Imports incl scrap and stems
do
millions
do
do
millions
(d)
2
1,083.7 1,080.9
86.3
146.1
r
6.2
.150
7.2
1,107.6 1, 103. 6 -1,061.7 1 04° 0
122 1 - 141.3
111.7
104 5
3
1,890
56 952
16,427
5 142
64 487
16 043
67 577
16 4^7
3,863
50,707
fi^l
2,117
3,475
46,371
626
1,938
3,827
43 484
645
2,021
70 182
14,812
5,353
72, 308
13, 129
36, 930
14,907
3,819
43, 225
664
1,941
3,549
38, 079
424
1,573
3,406
41,319
537
1,769
34, 791
16, 680
5,339
39,111
13, 488
53 273
15, 305
3,967
39, 936
477
1,731
4,593
43, 591
592
2,202
48, 091
14, 828
4,879
39 444
19, 089
31 425
14, 899
43 458
19,985
3,972
44, 084
572
2,059
4,321
48, 101
639
1,943
5, 262
48, 123
529
2,396
4,141
41,376
485
2,270
2, Oil
1,917
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value, total 9
thous $
Calf and kip skins
thous skins
Cattle hides
thous hides
Imports:
Value total 9
thous $
Sheep and lamb skins
thous pieces
Goat and kid skins
do
Prices, wholesale, f.o.b. shipping point:
Calfskins packer heavy 9^/15 Ib
$ per Ib
Hides steer heavy native over 53 Ib
do
LEATHER
Production:^
Calf and whole kip
thous skins
Cottlc hide and side kip
thous hides and kips
Goat and kid
thous skins
Sheep and lamb
do
Exports:
Glove and garment leather
thous. sq. ft
Upper and lining leather
_.
. d o
Prices, wholesale, f.o.b. tannery:
Sole, bends, light
index, 1957-59-100
Upper, chrome calf, B and C grades
index 1 Q57-5Q — 1 (Y)
106, 253
2 458
13 311
155, 623
2 582
14 307
12, 306
221
1 097
12, 662
259
1 176
10,412
145
1 108
15,636
174
1,698
10,787
180
1,210
12, 684
175
1,251
15, 486
230
1,408
13, 225
265
1,132
11,327
198
1,158
12,600
264
1,096
8,910
351
774
8,593
174
735
8,640
138
842
80 263
31 850
14,411
88 995
36, 998
10, 331
9 033
3 508
1,484
8 456
3 810
681
5 028
1 840
767
4 794
1,703
604
4 647
1 , 656
364
5 500
1,859
865
5 600
2,510
793
6 200
3,857
576
6 300
4,079
457
5,200
3,846
721
5,400
3,194
531
5,300
2, 925
740
2,503
558
541
143
601
.177
565
179
5°5
. 169
475
144
475
. 149
550
.129
.500
.134
575
129
500
. 129
450
.125
.450
.119
.450
.130
.400
.125
6 263
23 436
14, 557
30, 316
4 720
93 830
13 372
29, 302
443
2 059
808
2 624
3°7
1 972
933
397
016
948
2,350
341
1,921
909
1,960
299
1,912
907
2,012
332
1,924
742
2,153
349
2, 085
841
2, 251
320
1,895
752
2,201
379
2,050
2,459
340
1,983
769
2,402
226
1,461
550
1,808
350
039
905
2,089
0
65, 704
101.9
U14.5
118 0
114 5
106.7
105.3
103.2
103.2
107.4
106.0
104.6
101.1
98.2
95.4
99 5
1 05. 5
107 fi
107 2
108 0
96.3
103.2
103.2
101.6
99.2
98.3
98.3
95.3
88.1
- Revised.
<* Data withheld 2to avoid disclosure of operations of individual firms.
1
Average for 11 months.
Crop estimate for the year.
s October 1 estimate of
1967 crop.
4
Effective Jan. 1965, data are for all leather, except sole and rough; see note "O" for p. S-21.
9
tRevisions for 2d qtr. 1963-4th qtr. 1964 (mil. Ib.): 4,695; 4,793; 5,288; 5,355; 4,964; 5,071; 5,666.
9 Includes data for items not shown separately.
d"Revisions for Jan.-Mar. 1966 will be shown later.
SUKVEY OF CURRENT BUSINESS
October 1967
Annual
1967
1966
1966
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
S-31
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
53, 812
46, 302
48, 744 -49,024
June
July
Aug.
Sept.
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers: J
Production total
thous pairs
Shoes, sandals, and play shoes, except athletic
629 095
646, 897
61 358
55, 201
54,898
50, 802
49, 034
52, 534
49, 890
r
40, 996
39, 777 34, 080
' 8, 504 6,477
321
'583
118
160
Exports
do
do
do
do
536 583
100, 633
6 576
2,838
50 289
10' 261
576
232
44 367
10, 074
528
232
43 251
10^786
530
331
40 220
9,494
548
273
41 930
Mil
543
250
45 571
6,158
577
228
42 463
6,723
532
172
44 665
8,351
634
162
38 466
7,088
585
163
2 533
2 737
200
227
246
230
182
157
174
237
164
162
191
162
111 0
Slippers
Athletic
Other footwear
39, 552
8,364
613
215
120 9
122 3
122 3
123 5
123 5
123 5
123 5
123 5
123 5
121 5
121.5
121.5
121.5
107 3
113 0
111 0
121 2
111 4
122 4
111 4
122 5
111 4
122 3
111.4
122 7
111 4
122 4
111.4
122.9
111.4
124 5
111.4
124.7
113.7
124.7
113.7
124.4
113.7
125.2
113.7
124.9
531 914
87, 359
6 828
2 994
1
Prices, wholesale, f.o.b. factory:
Men's and boys' oxfords, dress, elk or side
Women's oxfords, elk side upper, Goodyear
welt
index 1957-59 — 100
Women's pumps low-medium Quality do
207
LUMBER AND PRODUCTS
LUMBER— ALL TYPES
National Forest Products Association:,^1
Production total
mil bd ft
Hardwoods
do
Softwoods
do
36 696
7,467
29 159
36 433
7,563
28 870
3 267
685
2 584
3 157
672
2 487
2 966
648
2 318
2 699
617
2,084
2 526
'529
1,998
2 356
554
1,982
2 671
560
2,111
3 161
610
2,551
2 900
648
2,252
3,039
628
2,411
2,976
621
2,355
2,654
578
2,076
Shipments total
Hardwoods
Softwoods
do
do
do
37 663
8 232
29 431
36 662
8 075
28 587
3 187
678
2 508
2 894
673
2 222
2 806
659
2 147
2,651
654
1 998
2,591
598
1,993
2,577
650
1,927
2,736
615
2,121
3 112
678
2 434
2,954
623
2,331
2,987
571
2,961
2,416
563
2,398
2,773
529
2,244
Hardwoods
Softwoods
do
do
5 704
1 156
4 548
5 775
l'l27
4,648
5 228
1 069
4 159
5 492
1 102
4 390
5 790
1 118
4 602
5 787
1,132
4,655
5 775
1 127
4,648
5 810
1,106
4,704
5 880
1,125
4,755
5 931
1,127
4,804
5 935
1,186
4,749
5 968
1,215
4,753
6,013
1,300
4,713
5,909
1,374
4,535
do
do
1
962
5 153
1 009
5 120
88
507
86
378
93
339
75
318
70
307
76
300
67
339
87
502
95
419
98
432
131
496
89
418
8 950
691
8 480
486
629
4l9
643
424
597
394
638
422
700
486
678
568
603
602
668
600
657
589
677
562
704
567
644
606
8 913
8 936
1 054
8 601
8 615
1 026
731
729
972
694
620
1 032
640
611
1 117
592
593
1 103
551
617
1 026
613
596
1,057
612
568
1 101
739
670
1,170
670
668
1,185
1,210
1,167
1,084
1
445
i in
i 334
401
110
290
32
6
26
30
g
22
36
10
26
26
10
16
22
4
17
34
10
24
27
8
19
31
9
22
35
10
25
37
9
28
48
18
30
27
7
21
Exports, total sawmill products
Imports total sawmill products
SOFTWOODS
Douglas fir:
Orders new
Orders unfilled end of period
Production
Shipments
Stocks (gross) mill end of period
mil bd ft
do
do
do
do
Exports, total sawmill products
do
Sawed timber
do
Boards, planks, scantlings etc
do
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
$ per M^ bd ft
Flooring, C and better, F. G., 1" x 4", R. L.
$ per M bd ft
729
704
656
699
100
598
539
605
82 16
85 6°
86 01
84 60
82 56
79 69
79 96
83 94
80 91
84.06
82 96
82.40
83 24
82 82
156 85
165 87
167 43
168 04
169 20
169 69
169 69
169 11
170 31
171. 47
171 47
172 63
172 05
170 86
6 988
366
6 419
274
533
350
490
313
469
294
468
277
433
274
487
288
524
310
582
294
540
291
566
292
575
294
519
283
Production
do
6 628
Shipments
do
6 903
Stocks (gross), mill and concentration yards, end
of period
mil bd ft
1 087
Exports total sawmill products
M[ bd ft IIQQ ggi
Prices, wholesale, (indexes):
Boards, No. 2 and better, 1" x 6", R. L.
1957 59 — 100
04 3
Flooring, B and better, F. G., 1" x 4", s. L.
1957 59 — 100
97 1
6 654
6 511
581
561
566
527
544
488
527
485
507
436
514
473
510
502
605
598
526
543
588
565
583
573
517
530
1 230
99 202
1 022
8* 897
1 061
7 364
1 117
7 964
1 159
5 688
1 230
7 855
1,271
6 566
1 279
7 042
1,286
8,329
1,269
6 425
1,292
8 502
1,302
7 026
1, 289
5,989
105 1
107 8
107 8
107 6
104 2
102 4
101 0
101 0
101 6
101 4
102 2
103 1
103 6
106 2
108 1
108 6
107 9
107 7
107 2
106 2
105 8
105 8
105 8
105 1
105 1
105 2
10,445
535
10, 295
427
911
461
799
415
792
384
743
402
773
427
732
476
865
501
904
503
871
511
884
507
845
495
920
525
10, 296
10 373
1 739
10, 337
10 403
1 666
967
954
1 485
959
845
1 600
875
823
1 653
739
726
1 667
746
747
1 666
652
683
1 635
770
841
1 564
947
902
1 609
820
863
1 566
1 526
1 531
1 465
67 42
69 39
68 74
67 69
66 28
64 87
64 01
65 88
66 40
69 55
73 32
74 16
73 87
73 83
31 2
11 1
29 0
30 2
3.1
31 °
16 3
25.1
26 7
1.8
2 5
17 6
2.3
9 5
1.8
2 1
17 3
2 0
19
2.0
13
16 9
1 8
16 3
2 1
2 0
1.8
1.7
16 2
1.9
1.9
1.9
2 2
16 7
1.8
18
2.0
30
17 5
2 2
21
2.2
31
18 0
2.1
2.2
2 2
2
17
2
2
26
17 4
2 5
1.7
2 6
16 7
2.2
2 0
1.7
2
17
2
2
618 1
°6 0
685.6
654 4
58 3
46 3
40 7
65. 6
58 7
39 9
40 6
31 4
56.1
51 6
44 4
35 9
9
6 4
50.6
40 9
59 Q
38 5
25 4
44.3
40 3
55 6
40 2
26 0
41.6
38 4
58 3
45.9
26 7
44.0
45.2
57. 1
48 3
31 7
42.4
43.0
56 4
61 1
39 4
51.6
53 4
53 9
39.4
34 8
46.4
44.0
55 9
43
31
49
46
60
30
4
26
Southern pine:
Orders new
Orders unfilled end of period
Western pine:
Orders, new
Orders, unfilled end of period
mil bd ft
do
mil bd ft
do
Production
do
Shipments
do
Stocks (gross) mill end of period
do
Price, wholesale, Ponderosa, boards, No. 3, 1" x
12" R L (6' and over)
$ per M bd ft
847
888
862
857
6,496
824
890
HARDWOOD FLOORING
Maple, beech, and birch:
Orders new
Orders unfilled end of period
Production
Shipments
Stocks (gross) , mill, end of period
Oak:
Orders new
Production
Shipments
Stocks (gross) mill end of period
r
1
mil bd ft
do
do_.
do
do
do
do
do
do
818
64
778
783
35
4
3
7
3
4
Revised.
» Preliminary.
See note "O" for p. S-21.
{Revisions for 1964-65 are shown in Bu. of the Census report M31A(65)-13; those for Jan.June 1966 will be shown later.
cf Formerly National Lumber Manufacturers Association.
9 9
3
2
5
4
2.3
1
8
9
5
3
2.4
2 4
2
4
4
0
2.3
2.5
45 3
28 4
47.2
47 9
61 4
42 2
28 7
38.6
41 9
58 0
FOOTNOTE FOR RAW STEEL, P. S-32.
AEfTective Jan. 1967, the term raw steel has been substituted for ingots and steel for castings;
raw steel is defined as steel in the first solid state after melting, suitable for further processing
or sale, including ingots, steel castings, and continuous- or pressure-cast blooms, billets,
slabs, or other product forms. Current data for raw steel are comparable with the ingots
series.
SURVEY OF CURRENT BUSINESS
S-32
1967
1966
1966
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
October 1967
Annual
Sept.
Aug.
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
_ . . . _ thous. sh. tons
Scrap
do
Pig iron
. do
i 2, 496
i 6, 170
'28
1,724
5, 857
12
126
454
106
667
2
139
647
1
151
501
(2)
184
472
3
205
491
(2)
190
544
(2)
162
776
(2)
160
641
1
137
805
1
122
811
103
716
118
657
5
Imports:
Steel mill products
Scrap
P i g iron_._
- _ _ _ - _
10,383
235
916
10, 753
464
1,252
1,090
23
95
1,089
23
208
940
36
104
1,151
28
166
770
21
43
782
31
44
744
12
46
882
24
37
828
16
41
1,030
26
63
963
27
41
965
22
49
985
92
62
Scrap for consumption, total
thous. sh. tons^
Home scrap produced
_ . . . _ . . , . . . _ - d o ....
Purchased scrap received (net)
do
Consumption, total _ ..
do
Stocks consumers' end of period
do
90, 534
55,213
35, 320
90, 359
7,638
92, 070
55, 463
36, 606
91, 584
8,193
7,763
4,714
3,049
7,498
7,982
7,695
4,787
7,Q77
8,005
7,838
4,752
3,086
7,810
8,035
7,508
4,545
2,963
7,507
8,034
7,272
4,480
2,792
7,112
8,193
7,168
4,466
2,702
7,254
8,102
6,604
4,142
2,462
6,904
7,798
7,519
4,610
2,909
7,492
7,826
7,473
4,323
3,150
7,062
7,835
Prices, steel scrap, No. 1 heavy melting:
Composite (5 markets)
$ per Ig. ton
Pittsburgh district
do
33. 36
35. 00
29.95
31.00
29.54
29.50
28.84
28.00
29.18
27. 00
28.64
27.00
27.88
27.00
27.50
27.38
27.00
28.53
27. 00
26.98
26.50
26.79
26.00
27.23
26.00
27.18
26.00
87, 420
385,331
45, 105
90, 704
90, 583
46, 259
10,125
11,322
5, 677
9,826
11,144
5,383
8,229
9,883
5, 532
5,176
6,769
5,158
5,085
2,845
2,8.il
4,773
1,869
2,864
4, 576
1,772
2,049
5,049
1,778
1,712
6.277
5,494
2,629
9,039
11,119
4,582
9,419
10, 998
5,273
9,526
11, 373
4,204
5,377
121,964
125, 143
i 7, 085
128, 225
127, 694
7,779
15,470
10, 562
778
15, 424
10,941
922
14,613
11,184
848
11,490
10, 257
501
6,691
10, 275
3li7
3,400
10, 203
3,391
9,370
366
3, 753
10,479
346
6,988
9,816
736
14, 349
10, 015
626
15, 240
8,853
585
15, 037
9,222
739
14, 373
9,456
337
do
do
do
do
69, 158
12.667
53, 997
2,494
70, 038
12, 673
54, 658
2,707
66,051
14, 730
49,098
2, 217
09,494
13,431
53,581
71,755
12,026
57, 010
2, 719
71, 494
10, 434
58, 242
2, 818
70. 038
12, 673
54, 658
2,707
66, 280
15, 793
47, 843
2,644
63, 055
18, 637
41, 864
2,554
59, 349
21, 908
35, 138
2,303
57, HI
22,515
32, 311
2,315
59, 242
20, 435
36, 645
2,162
64, 069
18, 856
43, 032
2,181
68, 203
17, 042
48, 847
2,314
53. 764
2,508
do
1,272
1,293
142
97
138
82
97
124
134
112
60
61
85
'60
69
88, 173
88, 945
91, 509
91, 770
7,645
7,734
7,732
7,798
8,044
7,943
7,470
7,384
7,350
7,293
7,374
7,355
6,804
6,853
7,587
7,555
7,215
7,117
7,321
6,639
6,696
§,951
2,329
2,962
2,452
2,516
2,652
2,788
2, 962
3,036
2,995
r 3, 066
3,161
62.75
63.00
63.50
62.74
63.00
63.50
62. 75
63.00
63.50
62.75
63.00
63. 50
62.75
63.00
63.50
69. 70
63.00
63.50
62. '0
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
882
15,713
9,171
962
15, 716
8,928
1,022
1,327
784
1,034
1,344
768
1,012
1,346
964
1,268
711
962
1,214
669
940
1,220
636
945
1, 113
606
927
1,246
675
896
1,180
653
919
1,262
698
'896
'1,256
'709
884
936
577
174
1, 136
648
182
1,133
688
198
88
53
209
95
60
"96
58
193
92
59
182
89
56
161
90
54
147
85
54
140
95
60
134
81
48
133
93
55
131
88
53
132
64
41
134,101
138.1
11,097
134.5
11,280
141.3
11,509
139.5
10,887
136.4
10,435
126.5
10,632
128.9
10. 041
134.8
10, 963
132.9
10, 349
129.6
10, 577
128.2
9,576
119.9
9,620
116.6
590
2,155
1,792
655
174
147
633
182
154
626
179
149
619
176
147
593
179
148
557
171
145
510
165
139
454
189
159
404
162
136
373
165
139
342
168
142
331
124
105
92, 666
4,528
6,798
9,764
1,523
89, 995
3,806
6,764
9,103
1,776
7,788
312
582
797
142
7,718
314
570
781
148
7,495
321
572
752
141
7,239
346
539
708
141
6,846
364
543
667
144
7, 292
348
534
701
137
6,531
360
508
668
144
7,562
403
591
784
169
6,763
326
536
665
154
7,247
316
538
667
147
7,029
291
481
660
125
6,221
264
448
574
95
7,169
327
492
645
98
14. 488
9.344
3,150
1,877
8.689
3,484
6,659
36, 733
10, 630
16, 571
14, 523
9,126
3,276
1,999
9,233
3,495
5,828
35, 468
10, 137
15, 972
1,264
772
304
177
864
317
558
2, 952
833
1,289
1,268
797
289
173
776
305
510
3,046
904
1,338
1,261
798
275
177
665
289
432
3,064
896
1,396
1,239
780
276
172
640
256
402
2, 968
848
1,356
1,148
746
235
157
587
241
427
2,724
781
1,240
1,142
741
219
170
801
247
555
2,827
799
1,299
1,059
673
215
160
557
249
510
2,476
710
1,089
1,212
755
268
177
705
288
638
2, 772
794
1,208
1,069
650
267
143
722
270
589
2,432
686
1,085
1,106
662
279
156
897
275
564
2,737
796
1,238
1,093
637
297
149
908
280
601
2,590
773
1,111
958
560
278
113
736
229
541
2,377
695
1,067
1,124
663
312
142
820
276
596
2,790
793
1,267
12.9
68.7
67.0
4.5
10.1
65.1
67.9
5.4
11.2
5.7
5.4
5.1
11.0
5.7
5.9
5.2
10.6
5.6
6.0
5.0
10.4
5.3
5. 5
5.0
10.1
5.0
5.3
5.4
10.1
5.3
5.3
5.5
10.0
4.8
4.9
5.3
9.9
5.4
5.5
5.3
9.4
4.9
5.4
5.7
9.0
5.3
5.7
5.6
8.7
5.1
5.4
' 5.3
9.1
'4.5
'4.1
5.2
psii
8.5
7.9
9.8
9.2
9.6
8.3
9.7
8.4
9.9
8.6
9.8
8.8
9.8
9.2
9.9
9.1
10.1
9.3
10.0
9.3
10.5
9.1
10.7
9.0
10.4
8.7
10.8
8.7
"10.7
^8.7
0837
.0842
.0847
.0848
.0848
.0848
.0848
.0848
.0848
.0848
.0848
.0848
.0848
.0848
.0848
do
do
d o
Iron and Steel Scrap
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 periodAt mines
At furnace yards . _
At U S docks
.-
Manganese (mn. content), general imports
Pig Iron and Iron Products
Pig iron:
Production (excluding production of ferroalloys)
thous. sh. tons^.
Consumption
do
Stocks (consumers' and suppliers'), end of period
thous. sh. tons.Prices:
Composite
$ per Ig ton
Basic (furnace)
do
Foundry, No. 2, Northern
do
Castings, gray iron:
Orders, unfilled, for sale, end of period
thous. sh. tons.Shipments, total
do
For sale
do
Castings, malleable iron:
Orders, unfilled, for sale, end of period
thous. sh.tons__
Shipments total
do
For sale
do
Steel, Raw, Semifinished, and Finished
Steel (raw): A
Production
thous. sh. tons_ _ 3131, 462
135.3
Index
daily average 1957 59 — 100
Steel castings:
Orders, unfilled, for sale, end of period
436
thous. sh. tons..
1,961
Shipments total
do
1,570
For sale total
do
Steel products, net shipments:
Total (all grades)
Semifinished products
Structural shapes (heavy), steel piling
Plates
Rails and accessories
do
do
do_
do
do
.
Bars and tool steel, total
do
Bars: Hot rolled (incl. light shapes)
do
Reinforcing
do
Cold
finished
do
Pipe and tubing
do
Wire and wire products
do
Tin mill products
do
Sheets and strip (incl. electrical), total... do
Sheets: Hot rolled
do
Cold rolled
do
Steel mill products, inventories, end of period:
Consumers' (manufacturers only).. mil. sh. tons..
Receipts during period
do__.
Consumption during period
do
Service centers (warehouses)
do
Producing mills:
In process (ingots, semifinished, etc.)
do
Finished (sheets, plates, bars, pipe, etc.) -do
Steel ("carbon"), finished, onmnosite nn'op.f
r
2
$ ner Ib
Revised.
j> Preliminary.
1 See note "O" for p. S-21.
3
Less than 500 tons.
Revised total; monthly revisions are not available.
ASee similar note at bottom of p. S-31.
^Beginning Jan. 1964, the composite reflects substantial changes in products and weights
10. 300
124.8
P5.0
used and is not comparable with earlier data. The new composite price is based on AISI
net shipments of carbon steel and is the average price of all finished carbon steel products
(except rails and wire products) weighted by tonnage. Prices used are base prices at Pittsburgh; the average includes an additional 25% for "extra" charges hut does not include freight.
SURVEY OF CURRENT BUSINESS
October 1967
1965
Unless otherwise stated, statistics through 1964
and descrintive notes are shown in the 1965
edition of BUSINESS STATISTICS
S-33
1967
1966
1966
Annual
Oct.
Sept.
Aug.
Jan.
Dec.
Nov.
Feb.
Mar.
Apr.
May
June
July
Aug.
621
449
3 277
Sept.
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products
Fabricated structural steel:
Orders new (net)
- - thous. sh. tons
Shipments
_ _ ._ - do- _
Backlog end of period
do
4,868
4,321
3 151
Cans (tinplate), shipments (metal consumed),
total for sale and own useO
thous. sh. tons
r
5 059
4,664
3 141
T
4, 858
431
413
3 435
r
5, 061
557
r
404
382
3 234
345
374
3 141
307
341
3,251
325
331
3 078
489
445
3 391
472
390
3,276
401
401
3 196
363
367
3,154
328
329
3,135
399
'353
^397
334
335
412
417
446
'475
448
390
414
3 219
301
393
3 282
r
510
~
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous sh. tons
Recovery from scrap (aluminum content) do
Imports (general) :
Metal and alloys, crude _ _
Plates sheets etc
Exports metal and alloys, crude
2, 754. 5
3 769. 0
239 8
69 0
245 9
71 0
258 4
76.0
251 0
72 0
262 1
65 0
265.2
67.0
243 6
62.0
274.4
72.0
268.4
67.0
278 9
65.0
270.1
527.3
65 4
i 203. 6
521.8
119 1
188.2
40.5
12 0
13.1
39 6
9 5
16 4
36.6
81
18.7
33 6
10 0
16 5
40 7
6 8
21 8
36.6
7.7
20.5
32.7
6 5
24.9
41.1
6.8
24.0
44.5
5.3
21.9
39.0
4 5
19.6
37.9
4.7
18.3
64.8
.2451
do
do
do
2 967 9
808 0
74.8
2450
61.9
2450
62.2
2450
65.8
.2450
66 8
2450
74.8
2450
76.6
2474
69.1
2500
69.8
.2500
83.1
.2500
93.3
2500
109.8
.2500
Stocks, primary (at reduction plants), end of
period
thous. sh. tons
Price primary ingot 99 5% min
$ per Ib
Aluminum shipments:
Ingot and mill products (net)
Mill products, total
Plate and sheet (excl foil)
Castings^
mil. Ib
do
do
do
' 8,016. 7 ' 8,799. 2
'5,679.3 ' 6,459. 1
' 2,609. 8 r 2 942. 3
1, 409. 0 r 1,639. 9
Copper:
Production:
Mine recoverable copper
thous sh tons
Refinery primary
do
From domestic ores
do
From foreign ores
do
Secondary recovered as refined
do
r
r
r
761 4
569. 7
259 4
140 6
' 747 5
549.8
248 8
146.0
r
717.0
523.4
231.7
147.3
T 699
495
216
142
2
2
7
1
120
149
117
31
37
2
2
6
6
2
r
751.0
'551.9
254. 2
133.3
26.4
3.6
20.3
.2500
r
r
r
30.7
34
12.3
.2500
658. 3
487. 0
216. 9
98.6
761.0
542.6
227 5
713 5
482.8
218 1
134.4
727 6
492.0
224 9
145.4
739 8
520 0
239 2
128.4
767.7
560.7
241 8
136.4
730.4
525.5
243.3
128.4
752.1
546 9
242 5
135.8
120
161
129
32
35
4
1
0
1
7
122.4
148.9
122 3
26.6
40.9
117 8
138.6
111 5
27.1
33 1
132.9
151.8
124.9
26.9
41.0
131.8
138.3
114 9
23.4
42 3
130 4
160 0
129 8
30.2
42 7
127.0
161.9
130.0
31.9
43 2
'66.4
88.8
70.3
18.6
27.9
29.7
42.9
27 3
15.6
20.5
r
9
0
9
1
8
116.6
151.0
116.9
34.2
37.6
124.4
139.6
106.3
33.3
34.9
596.7
162 7
41 6
7 4
54 6
9 2
55.5
18.5
75 2
28 0
57 5
23 6
43.1
20 3
58 4
19 8
42.6
13.3
45.4
21 3
55 2
18 2
59.3
22.5
39.9
18.2
36.6
17 9
i 422. 1
i 325. 0
334. 7
273 1
33.5
26 3
21.6
17 5
21.9
18.3
14 0
10 3
14.9
10 3
21.7
15 7
22 4
16 0
32.7
24.9
27.7
21 5
20.6
16 0
32.9
28.7
24.2
18.3
11.3
4.3
2,035.0
174.0
113.0
.3502
2 382 0
240 0
174 0
.3617
205 5
211.3
254 0
195 0
3609
212.2
210 2
.3633
3699
194 1
240 0
174 0
.3624
204.5
233 9
169 4
.3787
197 8
227 1
160 6
3810
217.9
242.3
177.5
.3808
187 0
240 8
193 6
3817
191 7
270 7
205 6
.3812
192.2 v 102. 2
289 6 '*>318 5
223.6 p 247. 8
.3808
.3830
p 142. 5
p279 2
P210 3
.3909
Copper-base mill and foundry products, shipments
(quarterly total) : f
Copper mill (brass mill) products
mil Ib
Cooper wire mill products (copper cont ) do
Brass and bronze foundry products t
do
2,977
2,177
3 889
3 326
2, 494
3 i 007
Lead: A
Production:
M^ine recoverable lead
thous sh tons
Recovered from scrap (lead cont )
do
301 1
575.8
3327 4
550.4
27 8
44 5
27 1
47.9
27 9
47.4
26 8
49 5
26 8
44 2
25 3
45 4
25 3
42 2
29 4
48.0
29 0
43 3
31 5
45 5
431 3
1 323 9
40 3
111 8
44 3
109 6
38.9
116.7
33.3
117 0
47 0
113 1
45.3
106 6
42 2
97 3
46.6
110.9
36 2
104 9
106 8
149 2
133 9
145.1
144.0
140 3
14° 2
157 9
154 8
154 8
25 2
109.2
23 4
85 4
23 0
104 8
22.0
98.8
21 8
91.9
25 3
88 5
23 4
85 4
24 9
92 6
29 7
90 2
29 5
98.6
54 8
.1600
48 3
. 1512
45 3
.1500
44.7
.1500
47 4
.1424
46 8
.1400
48 3
.1400
45 9
.1400
46 8
.1400
4 326
40,814
25, 076
3 401
84,011
58, 550
2 4 372
41,624
25 318
3 315
85, 486
60 209
566
4, 206
2 9
145
75
7,425
5,260
1,000
3,816
2, 180
275
7,190
5,150
336
2,889
9
115
275
6, 970
4, 970
312
3 967
2 040
255
6 840
4,715
208
3 418
1 910
275
6 595
4,535
17
3,662
1 910
265
7 000
5,040
Exports incl reexports (metal)
do
Stocks pig (industrial) end of period §
do
Price, pig, Straits (N Y.), prompt
$ per Ib
i 3 004
27 661
1 7817
3 069
22 687
1 6402
80
23 580
1.5642
290
24, 250
I. 5412
93
24 075
1 5451
116
3 105
1 5422
049
'>•> 6S7
I 5399
737
99
400
1 5388
429
20 665
1 5438
Zinc:A
Mine production, recoverable zinc
thous sh tons
Imports (general):
Ores (zinc content)
do
Metal (slab, blocks)
do
611.2
572. 6
49 7
45 3
44 1
42 9
42 5
43 6
429 4
153 0
5 -> l 3
277. 4
70 9
23. 8
62 1
25.7
39 •'
27 4
48 0
56 0
'M 3
47 9
27 2
Consumption (recoverable zinc content) :
O res
do
Scrap, all types
-do
3 122 9
3 265. 1
!'>() 7
3 269. 6
9 3
18.6
10 1
19.6
9 4
19. 7
10 3
9 4
19.6
9 1
19^1
Imports (general):
Refined unrefined scrap (copper cont.)
Refined
Exports:
Refined and scrap
Refined
Consumption refined (by mills etc )
Stocks refined end of period®
Fabricators'
Price bars electrolytic (N Y.)
1,351.7
1,711.8
1 335 7
376.1
429 4
1 429 2
1,711.0
1 353 1
357.9
472 0
do
do
523.8
137 4
do
do
do
do
do
$ per Ib
Imports (general) ore (lead cont ) metal
Consumption total
do
do
3
344.4
1 241.5
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content) ABM!S
thous sh tons
Refiners' (primary), refined and antimonial
(lead content)
thous sh tons
Consumers' cf
do
Scrap (lead-base, purchased), all smelters
thous sh tons
Price, common grade (N.Y.).
$ perlb-.
Tin:
Imports (for consumption) :
Ore (tin content)
Bars, pigs etc
Recovery from scrap total (tin cont )
As metal
Consumption pig total
Primary
Ig tons
do
do
do
do
do
1
3
3
l
'Revised.
* Preliminary.
See note "Q" for p. S-21.
Revised total; monthly revisions are not available.
3
3
114
135
107
27
40
3596
788
573
251
- Total for 11 m o n t h s .
GData reflect changes in conversion factor effective Jan. 1965 and Jan. 1966; revisions for
1965-July 1966 are available.
IFffective 1966, estimates are derived from a new sample
and are not directly comparable with earlier data; see note in Feb. 1967 SURVEY.
©Beginning 1966, total includes copper not previously covered; see note in Feb. 1967 SURVEY.
745
644
241
809
646
248
9
'_»6 7
19.3
649
608
249
r
27 4
40.9
23 1
39.2
34.6
108 8
54 0
103 8
38.2
85 4
154 7
159 1
158 8
165.0
32 2
97 3
33 7
93 5
31 6
105 3
31 5
114.2
46 3
. 1400
49 3
.1400
50 4
.1400
50 8
.1400
51 3
.1400
.1400
122
393
9 gg3
4,268
1 945 ! 1 940
260
265
7 260
6 720
5 275
4 875
32
5 350
1 885
270
6 685
4 740
179
3,933
1 955
270
7 570
5, 350
o
0
4,359
0
3,302
235
20 500
1 5371
209
20 895
1 5333
957
20 265
1 5311
43 7
50 1
48 7
49 9
47 6
43 3
51 2
11 1
48 6
26 9
46 8
14 9
56 9
15 4
64 0
17.0
45.2
18.3
8 7
18.9
10 2
19.2
9 3
18.8
8 8
19.0
8 0
18.5
7 6
17.7
3,328
43 6
.1400
7 065
5,125
165
0 560
1 5494
9
r
65
240
1.5439
1. 5250
37.6
20.6
cf Consumers' and secondary smelters' lead stocks in refinery shapes and in copper-base
scrap.
§Stocks reflect surplus tin made available to industry by GSA.
ABcgiiming Aug. 1964, data reflect sales from the Government stockpile.
f He vised series. Annual data back to 1959, adjusted to recent benchmarks, will be shown
later.
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
1966
Annual
October 1967
Aug.
Sept.
Oct.
1967
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
June
May
July
Aug.
Sept.
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PROD.— Con.
Zinc— Continued
Slab zinc: A
Production (primary smelter), from domestic
1
994. 4
and foreign ores
thous. sh. tons
!83.6
Secondary (redistilled) production
do
1
1,354 1
Consumption fabricators'
do
5.9
Exports
do
Stocks, end of period:
628.6
Producers', at smelter (AZI)d 1
do
151.9
Consumers'
- - -do
.1450
Price, Prime Western (East St. Louis). $ per lb_ -
1,038.1
72.4
1,410.2
1.4
82.6
5.9
124.0
(4)
83.5
5.8
117.7
.1
87.6
6.7
122.1
.3
9J.1
6.8
119.8
.1
93.4
5.7
110.1
.2
95.1
5.7
107.8
.1
84.1
5.4
104.8
(4)
89.2
5.4
105.8
.3
86.0
5.7
97.3
.1
87.6
5.4
100.4
(4)
83.0
4.9
99.8
10.6
73.8
4.8
83.7
4.3
64.8
122.7
.1450
46.3
145.0
.1450
43.3
139.4
.1450
47.5
132.6
.1450
52.9
126.9
.1450
-64.8
122.7
.1450
78.1
115.5
.1450
83.8
105.2
.1450
87.9
108.5
.1450
103.7
103.7
.1450
113.4
97.3
.1356
105.6
••96.0
.1355
117.9
101.8
.1350
7.5
90. 4
.7
10.6
.9
8.6
.9
8.7
.6
7.3
.4
.5
6.5
.6
5.5
.6
5.9
.3
5.8
.5
5.7
.7
6.9
.4
56
617.2
40.4
66.2
54.8
62.8
53.5
70.4
46.4
61.4
43.7
46.9
40.4
46.8
43.4
40.5
40.4
46.6
39.1
30.3
43.3
46.2
40.4
55.6
42.4
35.7
42 5
2, 153. 7
234.1
173.2
19.5
181.6
20.9
177.7
16.0
181.9
16.4
164.3
15.6
138.7
12.3
163.2
13.5
206.9
16.1
161.3
13.6
182.4
15.9
194.5
18.6
133.5
13.8
1, 418. 5
994.8
169.7
121.7
209.3
150.5
204.4
139.2
148.8
104. 1
75.1
51.6
56.1
33.2
74.1
44.6
74.3
49.4
69.6
44.7
98.5
68.2
r
r
101.2
81. 8
106.6
85 2
1 335 7
1, 028. 0
2, 488. 9
146.1
112.3
208.4
159.9
115.2
202.6
160.5
119.0
222.5
115.2
80.0
178.5
86 4
64 5
176.4
88.1
68.3
206.4
86.8
66.6
203.7
94.0
73.6
229.0
90.1
72.8
224.6
98 7
78.7
199.2
r
!07 0
r
81.3
203.3
113 0
89.3
176.1
317 1
216.6
195.8
320.6
523.5
255.0
323.9
213.1
207.0
10 7
13
2 9
8.9
.8
4.1
18.2
1.2
5.0
13.4
1.4
8.3
10.6
1.0
5.8
9.7
18
4.0
14.1
1.2
8.4
10.9
10
7.1
14.3
2.9
7.4
1.1
116.7
109.3
.1350
.1350
HEATING EQUIPMENT, EXC. ELECTRIC
Radiators and con vectors, shipments:
i 11.6
Cast-iron
mil. sq. ft. radiation
115.3
Nonferrous
do
Oil burners:
i 564. 4
Shipments
thous
642.0
Stocks end of period
do
Ranges, gas, domestic cooking (incl. free-standing,
set-in, high-oven ranges, and built-in oven
broilers), shipments
thous 12,115.9
304.8
Top burner sections (4-burnerequiv), ship___do-_
1
1,415.2
Stoves, domestic heating, shipments, total § do
994.0
Gas
do
Warm-air furnaces (forced-air and gravity air-flow),
1, 566. 6
shipments total §
thous
U,228.7
Gas
do
2, 616. 4
Water heaters, gas, shipments
_
do
7
T
MACHINERY AND APPARATUS
Fans, blowers, and unit heaters, qtrly.:
Fans and blowers, new orders
mil. $
Unit-heater group new orders
do
Foundry equipment (new), new orders, net
mo avg shipments 1957-59 — 100
Furnaces (industrial) and ovens, etc., new orders
(domestic), net
mil. $
Electric processing
do
Fuel-fired (exc for hot rolling steel)
do
Material handling equipment (industrial):
Orders (new) index seas adj 0
1957-59—100
Industrial trucks (electric), shipments:
Hand (motorized)
number
Rider-type
do
Industrial trucks and tractors (internal combustion
engines) shipments
number
60.0
17.7
208 6
66 9
232.4
67 9
322 5
279.9
243.9
326.9
379.8
219.5
152 8
21 6
75 2
179.3
23.9
95.9
15.5
1.6
9.3
12.2
1.3
8.1
17.6
1.5
7. 1
9.0
19
4.1
54 2
17 2
186 3
207 2
216.4
215.7
218.9
204 2
212 8
212.4
177 2
176.6
8,202
9,994
10, 390
12, 404
719
797
1,032
1,127
861
1,149
1,031
1,147
1 029
1,402
826
886
903
976
1,024
1,374
997
1,032
1,079
1,014
1,136
995
844
885
789
780
41,746
47, 043
3,598
4,161
3,829
4,285
4,202
3,465
3,417
3,985
3,552
3,748
3,938
3,283
3,284
104. 10 r 88. 25
93.95 r 77 90
121. 70 ' 96. 15
108 30 r 88 80
r
92
9 3
105. 95
96.75
85.05
76.30
9 5
Machine tools:
Metal cutting tools:
Orders new (net) total
Domestic
Shipments, total
_
_
Domestic
Estimated backlog end of period
mil $
do
do_
do
months
1,176.00
1 054 40
958. 60
830 55
76
1 531.30
1 392 90
1,145.35
1 028 95
10 9
113.05
107. 10
80.95
74.40
10 3
137.70
126.50
104.05
93.65
10 8
128. 10
121.10
101. 80
91.65
11 0
103.50
93 20
96.60
85 20
11 1
113. 10
100. 80
127. 05
113.40
10 9
88.50
81.10
86.45
77.80
10 5
95.35
83.65
94.20
84.75
10 5
99.10
87.70
124. 45
108. 95
10.2
85.40
77.65
97.10
86.80
99
94.90
85.35
110. 90
100. 65
9 7
Metal forming tools:
Orders new (net) total
Domestic
Shipments, total
Domestic
Estimated backlog end of period
mil $
do
do
do
months
319 30
297 75
287. 85
259. 80
99
321 60
291. 34
331.30
312 70
8 4
24.65
22.70
26.70
24.40
9.7
19.90
17.95
29.60
27.60
9.4
23.75
20.90
27.05
25.60
9.0
24 30
16.45
13.90
28.75
27.70
8.4
13.80
13.70
25.75
24.10
7.8
17.50
15.65
29.15
26.00
7.6
14.40
13.65
30.60
28.40
7.1
18.05
14.65
28.85
27.70
68
15 60
13.20
28.85
26. 50
6 5
20 45
17. 15
33.25
27.00
59
2
30.4
2
29. 2
2
2
41.2
2
41 7
2
38. 8
2
2
84 3
2
86 5
103 8
2
93 8
2
96 4
- 50 0
Other machinery and equip., qtrly. shipments:
Construction machinery (selected types), total 9
il 722 4
mil $
Tractors tracklaying total
do
428 3
Tractors wheel (con off-highway)
do
149 4
Tractor shovel loaders (integral units only),
i 399 i
wheel and tracklaying types
mil $
Tractors, wheel (excl. garden and contractors'
off-highway types)
mil $
830 0
Farm machines and equipment (selected types),
excl tractors
mil $
1 053 6
ELECTRICAL EQUIPMENT
Batteries (auto replacement) shipments^ thous
30 528
Household electrical appliances:
Ranges, incl. built-ins, shipments (manufacturers') domestic and export!
thous
2 065 0
Refrigerators and home freezers, output
1957 59 — 100
147 8
Vacuum cleaners, sales billed
thous 15 106 9
Washers, sales (dom. and export)
do
i 4 347. 1
Driers (gas and electric), sales (domestic and
export) _
thous 1 2, 098. 4
Radio sets, production©
do
Electron tubes and semiconductors (excl. receiving,
power, and spec, purpose tubes), sales
mil. $ _ _
Motors and generators:
New orders index Qtrly
1947 49 — 100
New orders (gross) :
D.C. motors and generators, 1-200 hp
T
3
do
458.9
112.8
41.7
1 913 5
' 488 9
162 3
416 3
114.5
30 5
419 0
92 6
203 3
253 5
1 219 7
253 4
268 8
32 124
2,880
3 136
3 642
3 596
2 028 0
168 0
182 0
188 0
163 0
5, 582. 7
4, 406. 3
118 4
417. 2
446.5
174 0
545.3
422.7
196 5
506. 9
407.6
14.00
13.40
20.60
17. 65
5.6
18 10
13. 60
••21.20
r
18. 70
T
5 9
34.5
138 0
154 0
164 9
124 4
444.3
325.4
135 3
506.6
397.2
125 4
397.7
272.5
186.2
119 0
458. 8
245 3
292.0
297.9
201.6
201.9
220.4
202.2
32,521
3 1 289
2,091
1 124
2,075
1 165
32,338
si 333
1,727
853
1, 479
1 049
757.0
1868.3
72.7
80.0
72.5
69.2
69.8
63.7
60.1
236
jg 3
4.9
47 7
2^8
1,897
2 070
2 400
158 9
163 7
131 7
165 1
!39 0
394.9
346.4
156 1
444.6
383.6
140 8
415. 2
357.7
110 7
489.0
440.7
146.6
169.1
r
119.3
117.5
1,771
3 1 171
1,483
680
1,584 31,621
3 728
729
64.9
56.1
1
58.2
225
220
j jo 5
4.5
1,872
116 4
454.9
317.0
134 0
143 9
509.5
304.6
1,642
920
49 g
3! 8
346 0
151 0
140 0
262.0
49 2
3.3
2
2 302
2,747
23, 595
I 9 40?
239
5 113 3
51.3
103.1
2 179
3 312
2, 360. 8
215
2
375.8
24 118
1 1 028
210 1
44.6
35. 8
r
r
99 s
1 005 9
l
2
Revised.
Revised total; monthly revisions are 4not available.
For month shown.
5
Data cover 5 weeks; other months. 4 weeks.
Less than 50 tons.
Excludes orders for motors 1-20 hp.; domestic sales of this class in 1966, $127.6 mil; Aug. 1967, $7.9 mil.
6
7
Reported yearend stocks. See BUSINESS STATISTICS note.
Total for 11 months.
ASee similar note, p. S-33.
cf Producers' stocks elsewhere, end of Sept. 1967, 23,900 tons.
§For revised 1965 annual data and for monthly shipments beginning Jan. 1966, certain types
22. 75
28. 00
26. 45
8 6
59 1
4.5
482
5.0
5
92
4*. 1
59.2
285.7
r
474
1, 767
r
858
47.4
62.2
57 6
57 4
3.0
1,027
218
s9 1
4.3
5
83
5.0
58 4
3. 6
3*. 9
previously classified as heating stoves are included in warm air furnaces.
©Effective
Apr. 1967 SURVEY, data revised back to 1961 to incorporate new seasonal factors.
t Revised series.
Beginning in the Aug. 1967 SURVEY, the series (compiled by the Association of Home Appliance Manufacturers) refers to manufacturers' shipments, including
exports.
ISee note marked "1" bottom of p. S-35.
OSee note marked "O" bottom of p. S-35.
SURVEY OF CURRENT BUSINESS
October 1967
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
S-35
1966
1966
Annual
Oct.
Sept.
Aug.
1967
Dec.
Nov.
Apr.
Mar.
Feb.
Jan.
May
June
July
1,189
1,230
1,015
Aug.
Sept.
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
12, 941
14, 866
Production
thous. sh. tons
766
1851
Exports
- - - do_ -.
Price, wholesale, chestnut, f.o.b. car at mine
12. 824
$ per sh. ton__ 12. 979
Bituminous:
512, 088 '533,881
Production
thous. sh. tons
51, 150 ' 47, 404
Industrial consumption and retail deliveries,
total?
thous. sh. tons. _ 459, 164 -•486,266
242, 729 264, 202
Electric power utilities
do
196, 732 201, 490
Mfg and mining industries, total
_ do
94, 779 ' 95, 892
Coke plants (oven and beehive)
do
Retail deliveries to other consumers
1,191
r
1,145
53
12.355
1,221
669
35
859
41
13.475
13. 475
13. 475
13. 475
12. 005
12. 005
12. 005
r
13.475
r
47, 000
42, 390
47, 670
44, 730
49,410
44,860
r
36, 560
38, 150 '37,590
21, 543 22, 318
15,845 ••14,770
7,836 r 7, 327
46, 942
39, 798 r 38, 466
22, 684 20, 990
16, 099 *T 15, 972
r
8 066
8 321
41,259
22, 009
17, 151
' 8, 206
42, 032
22, 433
17, 359
' 7, 940
45, 376
24, 602
18, 126
' 7, 991
45, 023
24, 723
17, 689
7,946
41,517
22, 758
16, 209
7, 258
41,711
22,910
17,117
7,979
37, 370
20, 955
15, 639
7,611
729
19, 048
19, 965
938
1,432
2,023
2,163
2,628
2,610
2,550
1,680
77, 393
53, 437
23, 603
10, 506
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_ __
37
40, 163
r
74, 466
52, 895
21, 332
9,206
68 558
48, 793
19 450
7,265
72, 471
51,981
20, 183
7,632
75, 336
54, 520
20, 525
8,180
75, 534
54,409
20, 845
8,568
74, 466
52, 895
21,332
9,206
72, 951
51, 307
21, 425
9,244
70, 196
49, 583
20, 439
9,364
71,231
50, 702
20, 380
9,491
46
693
45
35
1, 235
49
49, 665
1 024
44 435
36, 746
21, 999
14, 213
7,381
433
473
74, 696 80,209 -•85,234
53, 702 ' 58, 156 61, 831
20, 846 r 21, 855 '23,175
9,829 10, 596 '11,019
80, 621
60, 151
20, 240
8,774
353
239
315
307
291
280
239
219
174
149
148
198
228
231
i 50, 181
49, 302
5,156
5,070
4,877
4,240
3,175
2,622
3,610
3,102
4,193
4,912
4,987
4 032
4.794
6.926
4.952
6.971
4 990
6.953
4 990
7 259
5.031
7.011
5.113
7.056
5 129
7 143
5.122
7.162
5.122
7.162
5.116
7.197
5.238
6.463
5.231
6.426
5 224
6.417
5 237
6 561
thous. sh tons
do
- do_ _ _
1,657
65,198
17, 208
1,442
65, 959
17, 611
142
141
135
5,626
1,478
5,447
1,518
4,996
1,341
62
5.552
1,523
5,312
1,420
59
5,394
1,545
55
55
5 504
1,573
119
5,453
1,537
62
5,534
1,405
126
93
5 736
1,530
' 5, 098
5,105
__
2,701
2,445
3,030
2,822
208
1,459
1,102
2,438
2,228
210
1,556
68
2,575
2,356
220
1,506
100
2,635
2,428
207
1,484
96
2,821
2,621
3,249
3,018
3,388
3,156
3,963
3,687
277
1,372
50
4,766
4,371
396
68
3,732
3,465
267
1,420
58
299
76
3,527
3,273
254
1,453
67
' 4, 350
'4,051
95
3,030
2,822
208
1,459
95
48
36
16, 780
2.93
3, 447. 2
1,586
2 99
297.9
1,187
2.92
290 1
1,478
2.98
295.4
1,780
2.98
298.3
93
1,303
2.98
268.4
92
1,168
3.00
296 1
92
1,054
3.00
282.9
91
1,243
3.00
297.1
3.00
90
950
2.98
293.8
91
3.00
93
91
1,274
2.98
280.9
Retail dealers
do_ __
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
T
12. 495
48, 461
1,103
44
12. 985
12. 840
829
60
1, 032
37
1,145
91
87
-
do. do_ __
do
__do__
do
256
1,478
1834
140
200
1,459
231
1,489
232
1,474
4 641
84
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed
Price at wells (Okla.-Kansas)
Runs to stills t
Refinery operating ratio
18, 761
number
2.92
$ per bbl__
3, 300. 8
mil. bbl
_ _ % of capacity
87
All oils, supply, demand, and stocks: t
New supply, total
Production:
Crude petroleum ._ .
Natural-gas liquids, benzol, etc
Imports:
Crude petroleum
Refined products
92
4, 190. 9
4, 446. 8
377.4
358 2
373.5
366.5
383.3
405.4
356. 5
397.5
381.2
383.4
3,027. 8
468.7
255.8
39.3
247. 6
38 0
258.0
40.4
252.8
40.0
263.8
41.6
265.6
43.5
241.5
39.3
264.9
43.2
254.3
42.6
260.0
43.3
452.0
448.7
447.1
492.0
41.5
39.7
36 0
35.4
36.0
37.7
34.4
39.2
32.0
45.9
41.1
55.2
29.2
46.4
37.6
51.9
38.2
46.2
39.9
40.2
do
do_
do.
_
Stocks, end of period, total _ _ _
Crude petroleum _
Natural-gas liquids
Refined products __
Refined petroleum products: t
Gasoline (incl. aviation):
Production
.
Exports. _ _ _ _ _ _
Stocks, end of period
_
_
13.7
12.9
-10.7
-31.7
1.4
-18.4
-12.8
33.4
12.5
362.8
344.4
360.6
377.2
415.0
403.9
374.9
410.4
347.8
370.9
1.5
2
67.2
4, 125. 5
2
1,720 2
297.6
70.9
4, 325. 1
1 793.5
101.1
59
356.8
164 5
.1
6.9
.1
5.7
.1
6.0
408.9
(3)
5.7
398.2
5.9
337 4
149 9
7 5
.1
6.0
354.5
.1
6.3
403.9
152.2
9.6
.3
6.8
340.7
145 7
5. 7
0
6 9
363.9
161 1
6.2
775.8
587.0
2219.6
797.2
626.4
244.4
51.3
45. 1
19.5
90.2
67.7
23.7
58.3
52.7
24 1
60 4
49.8
24 4
do
do
do
Distillate fuel oil
Residual fuel oil
Jet fuel. _ --- - -_
14.6
4, 397. 5
do
_do
do.
_ _ _ _
49.4
4, 193. 7
do_
do
do
do
do
_
-2.9
_ do_
Demand, total
Exports:
Crude petroleum
Refined products
Domestic demand, total 9
Gasoline
Kerosene
47. 1
127.6
< 307. 1
48 9
134.1
323 9
4 3
19.6
23 5
3 6
7 8
24 1
38
11 9
24 3
do
do
do
do
836.3
220.3
35 9
580 2
do
do
do
Prices (excl. aviation):
Wholesale, ref. (Okla., group 3)
$ per gal
Retail (regular grade, excl. taxes), 55 cities
(1st of following mo.)
$ ner gal__
1.1
2
874
238
40
595
5
4
4
7
892
245
50
596
8
3
6
8
150.3
13.0
137.3
13.6
0
6.6
368.3
128.9
12.4
74.7
53.0
21.5
92.9
62.9
23.0
92.5
70.5
21.2
89.1
62.8
20.1
3.0
9.2
4 0
4 8
35 3
3 0
39
35.5
30.9
30 0
875.9
250 6
35 6
589.6
857.5
252. 4
33 3
571.8
844. 6
258 1
35 8
550 8
150.9
7.9
371.4
148.0
10.7
50 4
42.1
21 1
58.6
47.3
22.9
4 0
16 5
24 1
4 3
15.8
27.1
31.2
905.4
238 2
52 4
614 8
916. 9
236 1
52 2
628.7
906.2
241.7
47.9
616.6
874
238
40
595
5
4
4
7
38
4.7
3.1
5.9
878
266
44
567
1
8
3
0
890
268
52
569
5
8
7
0
1 704 4
24 8
2 183 1
1 792 6
36
194 2
157 2
151 3
155 5
149.3
156.1
154 3
136 4
146 2
142 7
151 8
177 0
179 7
185 2
187.2
194.2
212 4
221 2
216 2
214 7
206 9
113
114
118
118
115
.115
.113
113
115
190
120
120
120
120
.219
.220
.221
.220
.227
.227
.225
.224
.228
. 220
.208
.216
4
.221
4
.219
2
' Revised.
» See note "Q" for p. S-21.
Beginning Jan. 1965, gasoline excludes
special naphthas; aviation gasoline represents finished grades only (alkylate excluded); com3
mercial jet fuel4 (formerly included with kerosene) is included with jot fuel.
Loss than
50,000 bbls.
Beginning Jan. 1965, data include demand for liquid 'refinery gasos formerly
shown under petrochemical feedstocks; comparable 1964 total, 295.1 m i l . bbls.
9 Includes
data not shown separately.
§Includes nonmarketable catalyst coke.
{Revisions for Jan.-Oct. 1964 will be shown
later.
90
.do. _ 2, 848. 5
do
441.6
mil. bbl
Change in stocks, all oils (decrease,—).
Lubricants
Asphalt
Liquefied gases
91
.3
.4
2
.3
4
3
3
3
.230
FOOTNOTES FOR ELECTRICAL EQUIPMENT, P. S-34.
IData reflect adjustment to the 1963 Census of Manufactures; revisions back to 1903 are
available.
ORadio production comprises table, portable battery, auto, and clock models; television
sets cover monochrome and color units.
SUEVEY OF CURRENT BUSINESS
S-36
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1966
1965
Aug.
Annual
October 1967
Sept.
Oct.
1967
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
Aviation gasoline:
Production
mil. bbl
Exports _
__ _ _ d o
Stocks, end of period
do
Kerosene:
Production... _ _ _ _ _
. _ _ , do_
Stocks, end of period
do
Price, wholesale, bulk lots (N.Y. Harbor)
$ per gal
Distillate fuel oil:
Production
mil. bbl
Imports
do _
Exports
do
Stocks end of period
do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
$ per gal
Residual fuel oil:
Production
mil. bbl
Imports
do
Exports
do
Stocks end of period
do
Price wholesale (Okla No 6)
$ per bbl
Jet fuel (military grade only) :
Production
mil. bbl
Stocks, end of period
do
Lubricants:
Production
do
Exports
do
Stocks end of period
do
Price, wholesale, bright stock (midcontinent,
f o b Tulsa)
$ per gal
Asphalt:
Production
mil bbl
Stocks end of period
do
Liquefied petroleum gases:
Production
do
Transfer from gasoline plants
do
Stocks (at plants, terminals, underground, and
Asphalt and tar products, shipments:
Asphalt roofing total
thous squares
Roll roofing and cap sheet
do
Shingles all types
do
Asphalt siding
Insulated siding
Saturated felts
1
48 6
14.2
ig 3
41.2
3.2
78
3.6
.4
7. 2
3.5
.4
7.3
3.6
.3
7. 4
35
.4
7 1
37
.2
7 8
3.3
.3
8.2
3.1
.4
8.3
2.9
.3
7.7
3.0
.3
7.9
3.5
.3
79
i1 94.5
24 1
102.1
25.0
9.0
30.3
7.7
30.4
7.8
30.4
8.2
27 9
10.1
25 0
10.1
21.5
9.2
18.3
8.5
17.2
7.2
18 7
6.9
19.4
.098
104
.102
.105
.105
.105
. 107
.107
. 109
. 109
109
.109
765 4
13.0
38
155.4
785 8
13.8
4 5
154.1
69.2
1.0
.3
161.1
65.9
1.1
.4
177.4
66.6
1.4
2
186.6
63 2
.9
3
175.8
69 9
1.6
4
154 1
68 6
1i
1
131 3
61 9
.9
3
104 7
70.1
2.7
.3
87.0
63 0
1.4
4
92.8
62 7
1.3
1
96.4
. 109
. 112
.090
.094
.092
.095
.095
.095
.097
097
.099
. 099
099
.099
099
.102
268 6
345 2
14 9
56.2
1.83
264.0
376 8
12 9
61.2
1 62
20.9
27 4
.9
59.6
1. 55
20.4
25 0
1.4
61.6
1.55
21.2
28 9
8
64.0
1 55
21 7
31 2
63.5
1.65
25 3
36 1
1i
61 2
1 65
25 4
44 3
16
59 1
1 65
23 2
38 3
14
56 6
1 50
24.2
41 1
1.6
52.9
1 45
22 8
36 5
13
58 6
1 45
21 6
30 8
17
59.8
1 45
1 45
1.45
i 1191 2
18.7
215 5
19.4
16.3
23.7
17.7
29 6
19.5
21.1
19.6
20.8
19 6
19 4
19 4
19 4
20 0
20 7
21.5
20.4
21 9
20 2
20.4
62.9
16. 6
13 3
65.4
17.1
12.7
5.8
1.3
12.6
5.4
1.7
12 4
5.8
1.7
12 2
5.2
1.5
13 0
5 2
1.5
12 7
55
12
13 1
50
1.4
13 7
5.5
1.9
13.4
5 4
1. 7
13 5
57
1.8
13 6
270
.270
270
.270
.270
270
270
.270
270
270
270
270
270
270
123 6
16 2
129 6
17.3
14.8
16.9
14 2
15.3
12 9
13 3
10 0
14.4
7 5
17 3
69
20 4
57
23 0
81
25.4
9 0
26 8
11 9
27 1
56 1
200 2
60.1
215 1
5.0
14 3
4 6
15 8
4 8
18 8
4 8
22 2
51
95 g
55
25 4
51
29 o
5.8
20 1
55
14 9
62
15 2
32 0
37 7
47 7
49 §
49 6
45 2
37 7
32 5
29 9
32 6
40 7
49 6
72 338
28, 293
44, 044
69 363
28, 917
40, 446
7,161
3,033
4,128
7 194
3 107
4,087
6 783
3 099
3,684
5 142
2 441
2,702
3 555
1 773
1,782
3 499
1 65°
1 770
3 680
1 506
2 174
5 337
2 232
3,106
6 089
2 349
3 740
6 430
2 416
4 014
628
590
980
554
504
880
60
59
80
62
60
77
68
55
76
53
41
66
37
9
2
53
31
16
49
31
20
52
41
25
73
34
34
70
33
40
66
39
56
82
'39
'46
'81
47
57
93
4,326
4,279
5,939
p 4, 775
v 4, 626
p 5, 966
do
do
thous sh tons
r
7, 960
8 032
3,001 ' 2, 965
5, 031 ' 4, 996
9, 275
3,627
5, 649
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
Consumption
Stocks, end of period
Waste paper:
Consumption
Stocks end of period
2
53,736
2
52,828
2
58, 881
55, 382
6, 059
5, 020
4, 792
5, 639
4,730
6, 410
4,418
5,908
4, 827
4,978
5, 829
4,497
4, 646
5,703
4, 716
4, 366
6, 059
4,759
4,844
5,835
4,526
4,454
6,020
5, 105
4,801
6,286
4,361
4,759
5,994
4,507
4,797
5,708
4,686
4,550
4,857
thous sh. tons
do
2
10,297
2
620
10, 159
682
893
576
837
596
877
622
814
648
752
682
808
650
770
616
829
640
788
630
815
642
811
720
thous sh tons
do
do
do
2
33,921
2
1, 482
2
21 473
2
2, 692
35, 736
1,557
22 353
2,804
3,130
134
1,980
243
2, 820
118
1,752
228
3,133
131
1,970
245
3,047
132
1,923
243
2,801
116
1,753
209
3, 076
134
1,944
230
2,897
110
1,849
221
3 l'^9
' ' 139
1,981
238
3,065
106
1,967
233
3,133
128
1,969
239
3,962
1,530
3,421
341
132
300
319
131
273
353
136
299
334
113
300
119
281
348
132
288
322
124
271
345
132
294
337
131
290
thous cords (128 cu ft )
do
_ do
r
695
'629
P613
2,966
102
1,858
228
2,726
104
1,729
189
3,004
122
1,927
221
350
134
314
343
137
298
'310
120
'273
335
130
269
WOODPULP
Production:
Total all grades
Dissolving and special alpha
Sulfate
Sulfite
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
2 3, 532
21,647
2
3, 094
do
do
do
do
759
241
436
82
729
258
387
84
775
266
418
91
743
252
398
92
773
296
386
91
760
292
382
86
729
258
387
84
751
289
379
83
778
323
379
76
805
322
407
76
786
324
386
76
809
356
375
78
860
363
425
72
824
382
376
67
P871
p377
P426
P67
Exports all grades total
Dissolving and special alpha
All other
do
do
do
3 1,402
3535
897
1,572
563
1,009
123
42
81
146
49
97
109
42
67
136
47
88
133
42
90
103
39
64
113
38
75
172
83
89
128
36
92
133
31
101
185
77
108
111
38
73
165
58
106
Imports, all grades total
Dissolving and special alpha
All other. _
do
do
do _
3,127
280
2,847
3,355
293
3,065
320
29
290
258
22
236
290
17
274
282
21
261
293
35
258
287
20
267
261
19
242
297
25
273
245
20
226
269
25
245
273
21
251
236
16
221
256
27
229
4,027
3,780
4,090
46, 558
1 , 727
1,658
1,783
23, 228
1,966
1,803
1,992
22, 483
12
12
12
138
323
304
307
3,709
2 Repc rted an lual tot;il;
01
3, 859
1,692
1,881
11
'^75
3, 612
1 , 626
1,742
12
3,914
1,774
1,868
12
I, 654
1, 753
11
266
4,015
1,794
1,895
13
313
3,812
1,730
1,856
11
215
3,934
1,735
1,876
12
311
3,885
1,684
1,865
12
324
PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census):
All grades, total, unadjusted, thous. sh. tons_. 44, 049
Paper .
do
19, 113
Paperboard
do
20, 866
145
Wet-machine board
do
3,925
Construction paper and board
do
r
Revised.
*> Preliminary.
' See note 2 for p. S-35.
0
3,447 P3.912
1,501 p 1,710
1,632 p 1, 857
8
p333
306
Sept.
SURVEY OF CURRENT BUSINESS
October 1967
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1 1966
Annual
S-37
1967
1966
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
"3,889 P 3, 705
July
Aug.
Sept.
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS— Con.
Paper and board— Continued
New orders (American Paper Institute) :§
All grades, paper and board
thous. sh. tons _
Wholesale price indexes:
Printing paper
1957-59 = 100
Book paper, A grade
do _
Paperboard
_ _ _ _ -.do. _ .
Building paper and board
do
Selected types of paper (API):§
Fine paper:
Orders, new
thous. sh. tons..
Orders unfilled, end of period
do
44, 296
46, 886
4,036
3,791
4,077
3,742
3,582
4,001
3,618
3,972
3,857
3,866
101.4
110.6
96.4
93.0
101.7
115.1
97.1
92.8
101.9
116.7
97.2
93.0
101.9
116.7
97.2
92.7
101. 9
116.7
97.2
93.0
101.9
116.7
97.2
93.1
101.9
116.7
97.2
92.7
101.9
116.7
97.3
92.4
101.9
116.7
97.3
92.4
101.9
116.7
97.3
92.3
101.9
111.8
97.3
92.2
101.9
117.8
97.3
91.7
101.9
117.8
97.3
91.5
101.9
117.8
97.3
91.5
2,429
150
2,637
159
233
185
204
168
223
169
208
160
202
159
230
164
215
158
238
157
237
174
232
175
"228
v 181
p 219
p 189
do
do _
2,410
2,413
2,641
2,623
226
228
216
210
235
227
224
223
214
205
237
231
222
223
237
236
230
230
230
232
P221
P217
p 195
p 209
do
do
6,198
510
6,711
553
555
621
563
610
562
583
515
543
556
553
581
572
494
496
561
496
554
513
537
471
P537
"497
p 502
P 511
5,993
5,993
6,511
6,514
561
561
547
547
571
571
543
543
539
542
558
558
518
518
565
565
536
536
551
551
"514
"514
p 490
p 490
4,590
210
4,723
200
398
234
374
227
392
214
392
205
382
200
392
212
393
225
422
223
322
213
366
190
"383
" 197
p 348
p 206
4,591
4,564
4,696
4,704
399
397
389
388
399
395
392
394
372
381
400
397
392
376
429
436
400
389
397
383
"380
"380
p 332
p 333
do
do
do
7,720
7,747
150
8,419
8,385
184
730
709
299
677
703
272
726
717
281
714
738
258
667
740
184
698
612
270
659
602
327
695
653
369
670
692
348
704
741
311
652
713
250
668
592
326
705
665
365
do
do
do
2,180
2,183
19
2,408
2,405
21
211
207
30
192
195
27
211
210
28
214
215
28
198
205
21
227
209
39
212
199
51
225
225
51
223
221
54
227
249
32
222
228
27
197
191
33
225
Consumption by publisherscf
do
Stocks at and in transit to publishers, end of
period
thous. sh. tons
6,387
6,898
547
582
641
626
593
542
511
585
609
616
568
522
544
573
681
729
737
700
705
681
682
672
676
654
676
711
727
726
Imports
do
Price, rolls, contract, f.o.b. mill, freight allowed
or delivered
$ per sh. ton
6,323
6,991
587
624
605
601
577
563
500
549
528
614
601
527
542
132. 40
136. 23
138. 40
138. 40
138. 40
138. 40
138. 40
138. 40
138. 40
138. 40
138. 40
138. 40
139 00
141. 40
449
724
445
92
449
975
450
92
429
937
435
90
461
943
463
95
442
883
463
94
412
731
423
84
456
748
404
91
451
720
455
92
450
705
453
91
459
695
452
90
448
690
452
88
446
614
460
89
393
654
377
73
454
645
454
90
160, 152
14, 036
14, 227
14, 353
13, 798
12, 982
12, 298
12,098
14, 056
12, 747
13, 999
13, 923
11,630
14, 336
134.1
145.1
143.4
140.6
132.8
140. 1
124.6
122.4
141.7
128.6
136.5
141.6
Production
Shipments
Printing paper:
Orders, new
Orders, unfilled, end of period
__
Production
_
Shipments
Coarse paper:
Orders, new
Orders, unfilled, end of period
_
do.
do
-
Production
Shipments. _ _ _ _ _ _
_
Newsprint:
Canada:
Production
Shipments from mills
Stocks at mills, end of period
United States:
Production
Shipments from mills
Stocks at mills, end of period
.
do
- do
do .
_ _ _ _ do. _.
Paperboard (American Paper Institute): A
Orders, new (weekly avg.)
thous. sh. tons
i 417
1796
Orders, unfilled, end of period
_do_. .
Production, total (weekly avg.)
do
410
90
Percent of activity (based on 6.5-day week)
Paper products:
Shipping containers, corrugated and solid fiber,
shipments! _ _ _ _
mil. sq. ft. surf, area
148, 471
Folding paper boxes, shipments, index of physical
volume..- - _ - - _ _
1947-49=100
128.2
r
9J9
46
448
702
419
84
118. 5 P 144. 1
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
thous. Ig. tons__
Stocks, end of period, _
do
Imports , incl. latex and guayule
do
Price, wholesale, smoked sheets (N.Y.)__$ per lb_.
Synthetic rubber:
Production...
Consumption
._
Stocks, end of period
Exports
__
514.71
100. 01
445. 32
.257
554. 13
82.87
431. 66
.236
46.79
88.75
38.05
.230
47.94
86 62
30.69
.223
48.89
87.59
34.22
.219
46.57
86 69
34.52
.223
42.43
82.87
29.54
.220
45. 25
95.03
39.37
.219
42.68
98 07
33.06
.208
48.11
104. 98
51.75
.206
38.56
107. 68
33.58
.208
30. 12
116 76
36. 61
.208
1,813.23
1,540.11
311.95
2
281 78
1,969.97
1,666.06
348 69
308 44
160. 55
136. 50
338 91
25 39
164. 18
142 60
337 22
25 18
168. 11
151 70
334 99
24 39
170.91
142 76
340 40
24 10
166. 83
140. 16
348 69
°3 37
164. 54
146 33
352 28
26 26
150. 12
133 78
347 55
25 24
164. 60
146 32
345 57
25 07
154. 98
127 30
353 99
22 81
138
108
355
27
280 29
269. 54
30 16
277 36
264. 51
32.29
22 93
20 87
32 41
21 83
21 76
30 72
24 O9
23 83
30 62
91 94
20 88
30 36
22 79
20 71
32 29
22 21
21 66
31 00
20 73
20 33
30 82
23 32
21 58
32 38
17 98
19 55
30 12
thous. . 167,854
thous. Ig. tons
do
do
do
Reclaimed rubber:
Production
Consumption. __ _ _
Stocks, end of period
do
do
do
41
25
02
40
29. 43
l!6 84
24.13
.220
23.43
126 01
23.27
.206
43.57
.193
132. 09
105 15
355 75
26 56
137. 92
84 85
381 74
23 73
24.57
r
r
14 45
15 13
6 39
14 06
15 57
8 07
11 91
11 43
5 08
V
T 9
9
.179
TIRES AND TUBES
Pneumatic casings, automotive:
Production
Shipments, total
Original equipment
Replacement equipment
Export.
Stocks, end of period
Exports (Bu. of Census)
do
do
do
do
.
Inner tubes, automotive:
Production
Shipments.
Stocks, end of period
.
Exports (Bu. of Census) . . . _
do
do
do
do
___do
do
177, 169
13, 959
14, 809
15, 869
15, 000
14, 483
15, 058
14, 147
15, 070
12, 424
8,734
169,060
58, 280
107, 905
2 875
173, 464
54, 680
116, 348
2 436
12 621
2,066
10,358
197
16 015
4,684
11,133
199
16 558
5,269
11,020
269
13 858
5, 171
8,511
176
12 388
4 629
7,564
196
13 166
4 143
8, 845
178
11 353
3 234
7,898
222
14 434
4 455
9,782
198
16 299
4 330
11, 788
181
16 265
4 835
11,293
137
37, 016
2 381
42, 569
2 051
40 856
153
39 565
166
39 093
161
40 393
181
42 569
165
44 678
123
47 594
115
48 273
156
44 410
147
37 088
107
9
42 765
44 222
11,996
1 100
3 301
3 399
11,163
74
3 743
3 739
11,065
102
3 773
3 834
11,276
104
X 4%
3 22S
1 1 , 704
86
3 434
3 219
11,996
85
3 496
4 630
10, 846
68
3 38*
3 312
10, 947
55
3 809
3 762
10,922
101
3 103
3 531
10, 631
108
9 QQf)
2
41 34
41 936
11,839
2
1,189
' Revised.
p Preliminary.
i Beginning Jan. 1965, monthly data are 4-week averages
for period ending Saturday nearest the end of the month. Annual data for new orders are
52-week averages; those for unfilled orders are as of Dec. 31. 2 See note "O" for p. S-21.
3 546
9,888
65
8,748
6,919
16 201
4, 695
11,401
105
9
I9 469
, 125
10, 239
105
29 883
101
9
r
r
2 871
3 412
9,337
71
4 381
80
106
•> 145
3 053
S, 599
56
45
cfAs reported by publishers accounting for about 75 percent of total newsprint consumption.
\ Revisions for Jan. 1964-Feb. 1965 will be shown biter.
.Formerly American Paper and
Pulp Association.
AFormerly National Paperboard Association.
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1967
1966
1966
1965
October 1967
i
Annual
Sept.
Aug.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept,
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments,finishedcement
.
thous. bbl
1 374,086
380,694
43,176
38, 672
38, 400
29, 195
21, 044
18, 457
17, 066
24, 758
27, 940
34, 765
37, 909
37, 527
7,606. 2
746.9
636.7
615.9
25.2
139.2
544.0
605.9
21.8
119.3
651.9
19.7
140.2
'689.0
637.0
20.4
90.7
410.6
18. 1
82.9
555.5
21.6
115.4
408.8
369.8
23 2
148.2
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil standard brick
8, 089. 1
Structural tile, except facing
thous sh tons
313 3
1 732 2
Sewer pipe and fittings, vitrified
do
Facing tile (hollow), glazed and unglazed
mil brick equivalent
326 9
Floor and wall tile and accessories, glazed and un283.4
glazed
mil. sq. ft
Price index, brick (common), f.o.b. plant or
N.Y. dock__
__
._ 1957-59=100.108.4
21.0
72.1
24.4
124.0
'21.1
156. 0
18.8
156.1
1,610.3
267 4
24.9
159.8
308.1
28.7
26.3
25.2
23.7
22.2
22.0
15.3
19.2
19.9
22.4
'21.8
19.4
272.7
23.7
22.3
20.8
20.3
18.9
18.9
19.1
22.9
20.8
22.9
'24.7
20.6
111.9
112.1
112.9
112.2
112.4
112.9
112.9
112.9
113.1
113.1
113.5
111.5
111.9
r
GLASS AND GLASS PRODUCTS
Flat glass mfrs ' shipments
thous $
Sheet (window) glass shipments
Plate and other flat glass shipments
Glass containers:
Production
do
do
thous gross
Shipments, domestic total
do
General-use food:
Narrow-neck food
do
Wide-mouth food (incl. packers' tumblers,
jelly glasses and fruit jars)
thous gross
354 308
343 138
80, 852
87, 930
76, 791
76 657
140 559
213 749
136 785
206 353
34, 088
46 764
34, 755
53 175
28, 388
29 862
46 795
202 050
211, 764
19, 821
17,163
18,392
16, 064
15,609
17, 119
16, 852
18, 040
19, 185
19, 170
19,254
19, 147
20, 114
195 924
204, 093
19, 768
18, 878
15, 981
15,971
16,197
15, 271
15, 010
18, 485
17, 458
18, 873
20,129
17, 540
20, 454
21 548
21, 605
2,533
2,767
1,760
1,478
1,403
1,448
1,651
2,056
1,804
1,818
1,909
1,609
2,288
53 742
52 168
4 982
4,958
4,450
4 395
4,040
4,329
4,079
4,432
4,023
4,222
4,400
4,072
5,390
2,579
3,893
2,287
3.050
1,533
2, 016
2, 677
1,852
2,763
3,885
2,796
3,890
3,304
4,329
4,301
3,384
4,068
3,452
4,052
1,757
1,617
1,368
1,338
1,918
2,631
1,291
3,069
3,074
2,883
Beverage
Beer bottles
Liquor and wine
do
do
do
20, 283
36 134
17 273
27, 098
38 895
Medicinal and toilet
Chemical household and industrial
Dairy products
do
do
do
38 797
6 882
1 265
do
2,759
2,787
3,234
48,403
2,692
1,682
1,495
1,602
4,526
1,588
1,506
39 766
5 812
1 141
3 627
544
103
3 647
546
117
3 910
426
86
3 136
448
94
2. 943
424
108
3,093
2,865
442
77
497
78
505
93
26 945
30 084
31,926
29, 684
31,735
31,280
30, 084
31, 500
32, 964
31, 943
5 911
10 035
5 479
9 647
1,706
2 537
1,253
2 180
2,033
9 3°0
8 434
9 156
1 806
1,793
4 580
319
4 693
322
1.357
80
1,087
80
757
78
828
976
680
899
186
953
136
905
135
183
148
202
1 368
8 083
271
1 079
7 084
228
291
1 868
55
213
1 516
43
219
1 596
49
3,245
1,277
74
do
1, 479
2,809
1,824
do
do
1,136
2,236
do
Stocks, end of period
1,507
220
1,576
64
17,608
2,959
425
66
33, 580
453
71
448
74
33, 223
31,679
399
63
33, 675
477
71
32, 723
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
Lath
Wallboard
All other
mil sq ft
do
do
1,171
737
TEXTILE PRODUCTS
WOVEN FABRICS
Woven fabrics (gray goods), weaving mills: f
Cloth woven total 9
mil linear yd
Cotton
do
Manmade
fiber
do
13 037
9 262
3,517
12 689
8 866
3,571
1,010
712
279
2
1,323
806
497
1,364
835
512
r 1, 396
'852
'527
1,404
860
528
3 059
2, 251
737
3 046
2, 290
686
2 801
2 693
1,866
749
' 2 562
1,753
'735
2 619
1,748
796
953
673
262
1,219
702
500
1,257
730
509
1,306
766
521
1,333
785
528
1,194
703
473
1,180
673
489
Orders unfilled total end of period 9 11
Cotton
Manmade
fiber
do
do
do
4 140
3 229
746
4 135
3,124
925
3 883
999
14, 933
9,562
395
2,408
1,307
782
504
940
667
254
1,306
766
521
3,023
1,311
786
505
1 001 2 1,081
722
2 778
2285
265
1 139
676
442
3 727
3 382
3 °22
3 209
2,952
2,839
855
821
783
746
718
1,341
5,007
8,757
2,408
2,533
2,423
732
495
221
956
674
262
1 001
705
280
do
do
do
959 '21,167
2
670
809
269 ^ 2 334
312
2335
Stocks total end of period 9 cf
Cotton
Manmade
fiber
2
2823
2
12 210
854
1, 158
2,020
708
COTTON
Cotton (exclusive of linters):
Production:
GinningsA
thous running bales
Crop estimate, equivalent 500-lb. bales
thous bales
Consumption
do
Stocks in the United States, total, end of period
thous. bales..
Domestic cotton , total
do
On farms and in transit
do
14 973
9 296
23, 785
23, 680
2,533
1Q 619
1 528
105
9,211
4
59,562
9, 533
257
1,013
632
6
9 575
2
769
2932
781
759
852
770
749
2906
748
733
2889
562
25, 202
25, 109
23, 615
23, 535
21,904
20,438
19,070
21, 822
18 229
1 338
82
20, 359
1,294
17 639
1 426
79
18, 991
1,099
16 262
1 630
79
15, 566
15, 505
851
12 664
1 990
61
14, 462
14, 410
755
11 690
1 965
52
13, 192
12, 624
513
10 818
1 850
56
19, 400
19, 342
15 873
1 117
80
16, 565
16, 496
730
13 779
1 987
69
12, 433
14 Ol9
1 104
93
17, 747
17, 669
853
14 949
1 874
78
8, 089
721
20, 438 26, 902
20, 359 26, 803
1,294 11,318
17 639 14 177
1 308
1 426
99
79
9,647
9,993
6,545
Consuming establishments
do
Foreign cotton, total..
do
' Revised. 1 Beginning Jan. 1965, excludes finished cement used in the manufacture of prepared masonry cement (2,734 thous. bbls. in 1964); annual totals include3revisions not distributed to the months.
2 Data cover 5 weeks; other months, 4 weeks.
Ginnings to Dec. 13.
6
* Ginnings to Jan. 15.
» Crop for the year 1966.
Oct. 1 estimate of 1967 crop.
t Data
shown here are not strictly comparable with those for earlier periods for the following reasons:
Beginning Jan. 1964, fabric classifications were revised and manmade fiber drapery fabrics
were added; beginning Jan. 1966, data reflect further changes in reporting classifications,
principally cotton blends.
3
2,255
12,375
300
10 318
1 757
58
7,926
9,802
1,614
58
9 Includes data not shown separately.
cf Stocks (owned by weaving mills and billed and held for others) exclude bedsheeting,
toweling. ;ind blanketing, and billed and held stocks of denims. Effective Aug. 1965, stocks
cover additional manmade fiber fabrics not previously included.
•[Unfilled orders cover wool apparel (including polyester-wool) finished fabrics; production
and stocks exclude figures for such finished fabrics. Orders also exclude bedsheeting,
toweling, and blanketing. ATotal ginnings to end of month indicated, except as noted.
SUEVEY OF CURRENT BUSINESS
October 1 6
97
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1967
1966
| 1966
Nov.
Oct.
Sept.
Aug.
Annual
S-39
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
July
Aug.
Sept.
TEXTILE PRODUCTS—Continued
COTTON— Continued
Cotton (exclusive of linters)— Continued
Exports _ _
thous. bales..
Imports
do
Prices (farm), American upland
cents per lb_Prices, middling I'7, avg. 15 markets
__do
Cotton linters:
Consumption
thous. bales
Production
_
_
do._
Stocks end of period
do
COTTON MANUFACTURES
Spindle activity (cotton system spindles):
Active spindles, last working day, total __mil
Consuming 100 percent cotton _
__do._ _
Spindle hours operated, nil fibers, total - - bil
Average per working day.
do
Consuming 100 percent cotton
do
Cotton yam, price, 36/2, combed, knitting, natural
stock §. $ per Ib
Cotton cloth:
Cotton broad woven goods over 12" in width:
Production (qtrly )
mil lin yd
Orders, unfilled, end of period, as compared with
avg. weeklv production
No. weeks' prod
Inventories, end of period, as compared with
nvg weekly production No weeks' prod
Ratn of stocks to unfilled orders (at cotton
mills) end of period, seasonally adjustedA
Mill margins:*
Carded yarn cloth average
cents per Ib
Combed varn cloth average
do
Blends (65% polyester-35% cotton)
do
Prices, wholesale:
Denim mill finished §
cents per yd
Print cloth, 39 inch, 68 x 72
do
Sheeting class B 40-inch 48 x 44-48
do
3,597
100
220.5
221.9
341
39
-21.2
"22.0
348
7
21.2
21.9
306
11
22.4
21.8
12.7
12 3
4.1
4.5
4.3
4.2
4.4
4.5
4.7
51
.23
.25
.26
.29
.32
.33
.37
40
.41
42.23
98.89
64 55
42.35
98.64
65.76
42.23
96.40
65.15
41.27
86.05
57.22
40.69
79.75
55.64
40.54
78.97
52.69
40.42
78.52
51.28
40.09
77.62
51 18
39 59
76.06
49 47
38 33
75 43
43 03
37.90
71.79
43 15
36 2
18.8
18 1
36.2
18.8
18.3
36.2
18.3
18.3
36.2
18.3
18.3
17.8
17 3
18 4
18 4
21.3
23.2
7.1
.21
18 4
3.9
.18
.18
41 68
98 74
63 75
36 2
18 8
18 1
.25
.920
13.7
3.8
.23
927
14.5
3.8
4.5
.932
20 0
14.9
9 8
.491
79
14.9
17.6
20.2
4.5
.934
19.8
14.9
8.1
.403
6.0
16.1
18.6
18.4
.940
19 6
14 8
12 3
.491
3
93
18.4
19.8
8,841
19.7
15.0
9.9
.496
7.5
79
39
596
.945
.953
20.3
20.0
15.3
10.0
.501
7.7
70
26
637
.951
.960
.962
9,238
19.8
15.3
11. 9
.477
3
9.3
104
40
693
3
.953
.962
.949
87
37
765
19.8
15.3
10.0
.499
7.8
19 5
15 1
10 2
.508
7.9
.891
94
65
831
244
20
22.0
22 8
19 8
15.3
10.1
.503
7.8
19.5
15.1
10.5
.527
8.3
19.5
15.1
10 6
.530
8.2
105
113
828
3
228
4
21.0
22.6
299
3
19 9
22.4
19.5
15.1
11. 3
.453
3
8. 8
19.6
15.1
12.9
.514
3
10.1
19.5
15.1
132.1
.509
102.4
416
19
19.7
22.2
89
111
810
93
168
636
104
42
584
18.9
14.7
128.0
.493
102.9
288
3
20.4
22.2
401
5
20.5
22.1
91
152
778
105
153
567
1,366
1,419
725
458
5
20.7
22.0
393
158
725
3 123
63
527
1,406
1,635
734
458
7
19.8
22.0
3
2,083
3
3
' 2, 223
2,175
3
2 136
35.8
18.7
18.0
3 532 2
825 0
648.0
3 860. 1
799.8
659.2
980. 7
201.7
168.5
943 1
197.6
150.9
936.8
181.3
155.3
997 7
779 2
282 3
« 99 923
8
50 763
15, 690
130, 108
1 164.7
904.0
332.4
98 722
55 522
16,571
177, 570
7 056
4 095
1,843
17, 303
302 9
222 4
85.2
7 484
5 165
1,416
12, 411
7 889
5 779
923
13, 349
7 533
4,162
1,600
11,910
298 5
210.8
85.3
8 609
7 608
1,587
14, 246
8,069
6,514
2,237
9,563
8 101
7 034
3,357
13, 600
299. 5
224.5
76.2
7 453
6,314
1,908
14, 488
7 492
6 290
1,574
10, 674
59.8
55.8
67.3
70.1
66.5
70 9
66.8
74.5
65. 6
70. 7
64.4
64.4
67.3
70.1
70.2
74.5
68.6
80 1
63.3
82.8
60.9
80.8
109.3
96 7
32.2
150.2
129.8
42.5
.28
85
.80
.28
.80
.80
3, 926. 2
1, 640. 6
855. 8
303 9
4, 198. 0
1, 576. 6
735.0
334.6
998.0
382.2
178.2
86 8
1,003.3
369.4
171. 1
80 5
1,534 6
1, 907. 8
444 0
466 5
' 457 5
624.6
1, 051. 2
479.4
145 8
239.5
114.6
152.1
257.0
111.0
r 151 8
274 7
112 3
271 6
108 9
266.6
103.6
277.2
114.6
$ per lb_.
do___
_ do
1.249
1.192
1.156
1.349
1.171
1.259
1. 395
1.165
1 275
107.8
108.2
109. 1
267.3
265.2
37 23
73.46
49 20
36.64
73.66
55.72
15'> 1
286 1
100 6
mil. Ib
do
do
do
17.2
484 1
643.3
713.5
519.4
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, American
system, wholesale price
1957-59=100
Wool broadwoven goods, exc. felts:
Production (qtrly.)
mil. lin. yd
Suiting, price (wholesale), flannel, men's and
boys', f.o.b. mill
1957-59=100.-
28
75
81
28
84
80
22
8
26
16
1
3
4
1
3
28
72
81
16 1
7 7
15.9
7.0
1.390
1.120
1 275
1.360
1.098
1.275
108.0
106.5
6
5
7
3
17
8
14
5
.28
.72
.81
.28
72
81
7
6
7
0
22
9
18
9
3
18.4
150.2
129 8
42 5
137.1
136. 3
29.3
3
72
.81
72
81
18 4
61
13 1
4 2
1.325
1.097
1.275
1.325
1.075
1.225
1.288
1 . 050
1 188
103.4
102.8
100.7
102.7
5'> 0
562.0
•42. 6
6 685
7 599
1,666
9,465
264 3
74 0
6 1 47
7 735
1 894
10 776
5 806
6 062
1,532
13, 846
6 442
7 426
2,178
13, 395
61.7
78.4
60.1
77 1
'64.4
'75.5
59.8
62.4
163 8
120 9
46 4
169.3
128 2
3
22
3
72
81
68
81
or
Q-l
62
81
1 038 5
400 '>
188 9
80 3
1
69
17.6
5 7
18
6
13
3
1.225
.975
1 175
1.213
.945
1 175
1.175
.918
1 125
100 1
98.2
91 0
til S
Q
OQI
' 259. 5
' 102. 3
5
1
5
0
54.7
.72
.81
5
5 37.2
172 2
137 0
•1,020.4
r
407. 7
r
194. 3
'81 3
18
7
16
7
3
Q9Q 3
164.3
122.0
46.9
18 9
78
19 3
8 6
61 8
102.7
102.7
100.2
102.7
102.7
3
'Revised.
'Season average.
- Season average to Apr. 1.
For 5 weeks, other
5
months, 4 weeks.
* Less than 500 bales.
For m o n t h shown.
« See "O." P- S-21.
a
Reflects decrease in the 1966 national average loan rate.
§ Data beginning Aug. 1965 for knitting yarn and Aug. 1966 for denim are not strictly
comparable with earlier prices.
A Revised data (1963-66) appear in U.S. Dept. Agriculture Sept. 1967 COTTON SITUATION.
9 Includes data not shown separately.
60"
(4)
22.0
21.9
518
3
21.9
21.8
34 9
18 6
17 5
MANMADE FIBERS AND MANUFACTURES
Fiber production qtrly total
mil Ib
Filament varn (rayon and acetate)
do
Staple, incl tow (ravon)
do
Noncellulosic, except textile glass:
Yarn and monofilaments*
do
Staple incl tow*
do
Textile plass
fiber
do
Exports' Yarns and monofilaroents
thous Ib
Staple tow and tops
do
Imports: Yarns and monofilaments.
do
Staple, tow, and tops. __
.
do
Stocks, producers', end of period:
Filament yarn (rayon and acetate)
mil. lb__
Staple, incl tow (rayon)
do
Noncellulosic fiber, except textile glass:
Yarn and monofilaments*
do
Staple, incl tow*
do
Textile glass
fiber
do
Prices, manmade fibers, f.o.b. producing plant:
Staple' Rayon (viscose) 1 5 denier
$ per Ib
Polyester 1 5 denier*
do
Yarn: Rayon (viscose), 150 denier
do
Manmade fiber and silk broad woven fabrics:
Production (Qtrly.), total 9 mil lin yd
Filament yarn (100%) fabrics 9
do
Chiefly rayon and/or acetate fabrics
do
Chieflv nylon fabrics
do
Spun yarn (100%) fabrics (except blanketing) 9
mil lin. yd
Rayon and/or acetate fabrics and blends
do
Polyester blends with cotton
do.
Filament and spun yarn fabrics
do
WOOL
Wool consumption, mill (clean basis):
Apparel class
.
Carpet class
Wool imports, clean yield*
Duty-free (carpet class)*
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine
Graded fleece, % blood
Australian, 64s, 70s, good topmaking
3,795
99
i1 28.0
29.6
6
6
9
2
3
9
8
3
15 3
4 6
13 9
69
15.0
7.3
1.175
895
1 125
1.235
975
1 175
1.245
.938
1 175
1.237
.895
1.165
91 6
91.9
92.5
19
7
13
5
0
1
9
6
3 23
T3g
15
6
1.225
.838
1.125
6'> 0
103.2
102. 7
101.5
102.7
102.7
101.5
101.5
101.5
* New series. Sources: Polyester staple price, U.S. Dept. Labor; wool imports, U.S. D e p t Agriculture from Bureau of the Census' records. Data are available as follows: Price, back to
1955; noneellulosic yarn and staple—production, to 1951; stocks, to 1953; wool imports, to
1948. M ill margins, beginning Aug. 1966, refer to weighted averages of 71 types of unfinished
carded yarn cloths and to simple averages of 8 combed yarn cloths and 4 polyester-cotton
blends; no comparable earlier data are available.
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
October 1967
1967
1966
1 1966
Annual
Aug.
Sept.
Nov.
Oct.
Feb.
Jan.
Dec.
Mar.
Apr.
May
June
July
Aug.
16, 020
19, 959
Sept.
TEXTILE PRODUCTS—Continued
APPAREL
Hosiery shipments
Men's 'apparel, cuttings :j
Tailored garments:
Suits
Overcoats and topcoats
19 938
20 096
15 873
18 323
19 296
19 234
17 856
18 990
19,879
1 688
' 414
1 826
'330
1 736
283
1 436
238
1 462
226
1 537
227
1,724
331
1,532
365
1,538
390
' 1, 726
'395
1 099
13 5°1
1 064
13' 122
1 079
11 846
1 055
11 649
1 080
10 491
1 103
11 038
1 055
10 994
1 176
12 32?
1 090
10 571
27 827
2 178
2 373
o 399
2 446
2 207
2 382
9 477
2 469
2 129
o 070
2 061
1 420
5 909
4*096
584
348
520
354
533
339
520
331
591
288
531
325
552
348
648
372
596
314
636
341
'669
'331
429
230
25 274
282* 071
11 859
24 595
271 107
10 510
o 45]
21 897
881
2 109
21 523
791
2 401
23 144
918
2 168
20 784
932
1 680
18 311
76°
2 075
29 292
984
1 918
24 592
881
1 259
30 453
831
923
27 523
563
18 072
8 876
r 16 663
10 225
1 163
999
1 238
824
1 196
992
1 055
764
777
523
1 151
756
1 205
'710
1 350
792
1 267
786
thous doz pairs
194 753
210 425
99 5^7
thous units
do
21 855
3' 980
20 715
3' 799
1 76^
373
12 291
142 348
13 148
145 673
28 211
4 862
3*906
Trousers (separate) dress and sport
Shirts (woven fabrics), dress and sport
do
Work clothing:
Dungarees and waistband overalls
Shirts
do
do
Women's, misses', juniors' outerwear, cuttings:t
Coats
thous units
Dresses
do
Suits
do
Blouses waists and shirts
Skirts
thous doz
do
19 095
880
277
6°4
1 115 ' 1 084
9,324
11 909 '12 019
1 419 ' 1, 776 1,737
5 359 ' 23, 693 19, 404
772
834
601
9
1 206 ' 1, 173
'802
791
948
785
TRANSPORTATION EQUIPMENT
1
AEROSPACE VEHICLES
Orders, new (net), qtrly. total
mil. $..
U.S. Government
do
Prime contract-do
Sales (net), receipts, or billings, qtrly. total --do
U.S. Government
do
22, 181
14, 571
20 099
17, 016
12, 535
27,223
16, 351
24 219
20, 227
14,530
9 087
5,621
8,366
5,099
3,734
5 908
3,819
5 449
5,455
3,921
5 193
3 613
4,586
5,171
3,717
6,996
4,279
6,463
5,887
4,058
Backlog of orders, end of period?
do
U S Government
do
Aircraft (complete) and parts
do-- .
Engines (aircraft) and parts
do
Missiles, space vehicle systems, engines, propulsion units, and parts
mil $
Other related operations (conversions, modifications), products, services
mil. $._
20,383
13, 695
8,885
2,502
27, 547
15,711
14,655
3,824
26,868
13,887
3,750
27, 547
15 711
14,655
3 824
30, 754
15,975
17,446
3,861
28, 463
17 177
15, 479
3,677
5,481
4,510
4,778
4,510
4,740
4,701
I K VQC
2,492
2,537
2,668
1,855
2 492
Aircraft (civilian)' Shipments©
do
1, 592. 0
Airframe weight©. _ _ -thous. lb-_ 32,200
Exports
mil $
473.0
2, 087. 0
43, 983
553.7
161.7
3,372
44.6
149.4
3,448
29.2
148.4
3,040
66.6
159.3
3,384
23.5
198.2
4,019
53.7
135.0
3,593
42.9
141.2
3,016
53.3
261.8
5,134
78.7
224.9
4,329
62.3
262.0
4,984
55.2
' 259. 8
' 4, 803
71.9
11,057.4 10, 329. 5
10. 716. 6 9, 943. 5
9. 305. 6 8, 598. 3
9, 100. 7 8, 336. 9
1.751.8 1,731.1
1.615.9 1, 606. 6
211.9
196.3
143.8
136.4
68.1
59.9
747.2
709. 9
621. 8
592. 4
125.5
117.5
985. 3
936.9
835.3
797.7
150.0
139.3
980.7
928.5
832.6
791.2
148.1
137.2
923.6
878.1
775. 1
740.5
148.5
137.6
797.3
758.1
651.2
625.0
146.1
133.1
660.2
628.1
525.6
501.9
134.6
126.2
833.4
785.1
684.1
647.4
149.3
137.7
792.2
749.4
659.8
628.3
132.4
121.1
898.3
848.7
750. 3
713.4
148.0
135. 3
911.7
865.2
765.3
732.3
146.4
133.0
530.8
506.3
425.5
410.6
105.3
95.6
324.2 2 680. 1
300.8
231.6 2 572. 7
218.3
92.6 2 107. 4
82.5
2 363
225.8
4,138
52.4 ~"46.~3~
MOTOR VEHICLES
Factory sales, total
Domestic
Passenger cars, total
Domestic
Trucks and buses, total
Domestic
thous. _
do
do
do
do
do
Exports:
Passenger cars (new) assembled
do
Passenger cars (used)
do
Trucks and buses (new) assembled
do
Trucks and buses (used)
do
Truck and bus bodies for assembly*
do
Imports:
Passenger cars (new) complete units
do
Passenger cars (used)
do
Trucks and buses complete units
do
Shipments, truck trailers:
Complete trailers and chassis
number
Vans
do
Trailer bodies, chassis, sold separately
do
Registrations:©
New passenger cars
thous-Foreign cars
do
New commercial cars (trucks)
do
3105. 03
i 10. 42
1 3 59. 67
15.77
i 7.29
177. 58
12.72
78.64
6.79
10.70
4.61
1.15
6.41
.51
.52
19.18
.83
5.24
.59
.74
27.64
.90
6.35
.49
1.00
28.31
.81
5.98
.55
1.01
30.31
.91
7.23
.42
.70
21.96
.89
7.08
.46
.88
14.19
.84
6.57
.51
1.09
31.41
.96
7.54
.53
1.14
26.69
.81
7.75
.57
1.19
25.85
1.33
9.09
.57
1.19
15.81
1. 13
8.24
.58
1.18
13.32
.92
8.87
.37
.76
10.69
.93
5.80
.56
.88
559. 43
8.00
7.60
858. 15
5.75
42.96
47.53
.20
4.05
77.38
.51
2.02
73.38
.58
3.26
78.69
.30
3.91
108. 55
.22
10.43
102. 30
.21
6.70
79.52
.33
5.49
88.46
.31
7.28
66.97
.21
6.06
80.66
.45
7.42
94.46
.25
9.43
85.06
.32
7.44
44.98
.28
2.59
103, 756
65, 909
14, 653
113,493
75, 527
18, 402
8,835
6,232
1,793
9,790
6,600
1,406
9,603
6,468
975
8,794
5,961
1,454
8,376
5,602
1,222
8,084
5,274
1,827
8,322
5,253
1,658
10,111
6,309
2,377
7,990
4,829
3,431
8,820
5,376
2, 898
' 7, 483 6,515
3,688
>• 3, 999
2,867
' 2, 227
9,008. 5
& 658. 1
1,610. 4
743. 6
58.1
141.6
573.8
64.4
121.9
766.7
64.7
128.0
732.1
51.7
120.1
808.2
56.3
136.8
616.1
46.4
113.2
538.9
45.2
108.9
670.8
57.5
132.2
786.1
63.3
144.6
« 807. 4
"70.0
« 139. 0
&793.S & 742. 8
«> 65.4
&66. 7
fc 139. 5 > 130. 7
» 716. 2
&S3.9
*> 141. 1
9,313.9
569.4
1 598 9
5
5
RAILROAD EQUIPMENT
Freight cars (ARCI):
Shipments
Equipment manufacturers, total
Railroad shops, domestic
number-.
do
do
77, 896
53, 392
24, 504
'90,349
' 67, 944
22, 405
8,385
6,251
2, 134
7,446
5,992
1,454
7,797
6,513
1,284
7,368
5,757
1,611
' 8, 244
' 6, 287
1,957
7,217
5,929
1,288
8,101
6,048
2,053
9,156
7,054
2,102
8,311
6,466
1,845
6,344
5, 094
1,250
8,458
7,049
1,409
5,686
4,776
910
6,916
5,779
1,137
New orders
Equipment manufacturers, total
Railroad shops, domestic
do
do
do
88, 288
65, 617
22, 671
99, 997
73, 257
26, 740
8,391
5,154
3,237
7,073
5,305
1,768
5,962
5,214
748
6,209
4,466
1,743
8,401
2,889
5,512
2,055
1,743
312
3,358
2,908
450
5,028
3,824
1,204
1,728
1,444
284
' 4, 169
' 3, 244
925
7,314
6,777
537
' 2, 365
2,140
'225
6,683
2,338
4,345
Unfilled orders, end of period
Equipment manufacturers, total
Railroad shops, domestic
do
do
do
45. 266
32. 873
12, 393
56, 618
40, 426
16, 192
59, 750
46, 861
12, 889
59, 508
46, 407
13,101
57,883
45, 328
12, 555
56, 437
43, 781
12,656
56, 618
40, 426
16, 192
51,450
38, 943
12, 507
46, 197
35, 293
10, 904
42, 055
32, 049
10, 006
34,960
26, 515
8,445
32,493
24,373
8,120
30, 730
23, 007
7,723
27, 063
20, 361
6, 702
26, 483
16,712
9,771
Passenger cars: Shipments,.
do
Unfilled orders, end of per. --do
201
14
15
83
6
59
3
56
0
56
0
83
0
83
0
83
0
83
0
83
0
83
0
83
0
83
0
83
0
83
* 1,481
5.3
1,497
4.8
1,489
5.0
1,489
5.0
1,491
5.0
1,491
4.7
1,497
4.8
1,496
5.0
1,498
5.1
1,498
5.0
1,499
5.1
1,496
5.2
1,498
5.2
1,497
5.5
1,496
5.5
« 88. 20
« 59. 58
91.58
61.19
90.03
60.48
90.20
60. 59
90.50
60.71
90.71
60. 82
91.58
61. 19
91.72
61.31
91.99
61.42
92.25
61.60
92.51
61.72
92.60
61.87
92.90
62.04
93.01
62.14
93.30
62.36
Freight cars (revenue), class 1 railroads (AAR):§
Number owned end of period
thous
Held for repairs, % of total owned
Capacity (carrying), aggregate, end of period*
mil. tons..
Average per car
tons_.
'3 Revised.
* See note "O" for p. S-21.
2 Preliminary estimate of production.
Beginning Jan. 1965, data exclude exports of incomplete'(unassembled) vehicles.
* See note " §."
s Annual total includes revisions not distributed by months.
{Monthly revisions for 1963-65 are available upon request.
9 Total includes backlog for nonrelated products and services and basic research.
6 Data include military-type planes shipped to foreign governments.
a
*Ne\v series. Monthly data prior to 1965 arc available upon request.
Omits two States.
O Courtesy of R. L/Polk & Co.; republication prohibited.
«• Omits data for one State.
§ Excludes railroad-owned private refrigerator cars and private line cars. Effective Apr.
1966, data include cars owned by three class II roads (over 2,600 cars end of Apr. 1966). Also,
change in definition of class 1 railroads, as stated in 1965 BUSINESS STATISTICS note, is reflected
in figures beginning Dec. 1965, instead of Jan. 1965.
INDEX TO CURRENT BUSINESS STATISTICS, Pages S1-S40
SECTIONS
General:
Business indicators
Commodity prices
Construction and real estate
Domestic trade
1-7
7,8
9,10
10-12
Labor force, employment, and earnings
Finance
Foreign trade of the United States
Transportation and communications
12-16
16-21
21-23
23,24
Industry:
Chemicals and allied products
Electric power and gas
Food and kindred products; tobacco
Leather and products
25
26
26-30
30,31
Lumber and products
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and paper products
31
32-34
35,36
36,37
Rubber and rubber products
Stone, clay, and glass products
Textile products
Transportation equipment
37
38
38-40
40
INDIVIDUAL SERIES
Advertising
10,11,16
Aerospace vehicles
40
Agricultural loans
16
Air carrier operations
23
Aircraft and parts
3,6,40
Alcohol, denatured and ethyl
25
Alcoholic beverages
8,10,26
Aluminum
23,33
Apparel
1,3,4,7,8,10-15,40
Asphalt and tar products
35,36
Automobiles, etc
1,3-8,10,11,15,19,22,40
Balance of international payments
2
Banking
16,17
Barley
27
Battery shipments
.
34
Beef and veal
28
Beverages
4,8,10,22,23,26
Blast furnaces, steel works, etc
5,6,15
Bonds, outstanding, issued, prices, sales, yields
18-20
Brass and bronze
33
Brick
38
Broker's balances
20
Building and construction materials
5,
6,8,10,31,36,38
Building costs
9,10
Building permits
9
Business incorporations (new), failures
7
Business sales and inventories
4,5
Butter. .
27
Cans (tinplate)
33
Carloadings
24
Cattle and calves
28
Cement and concrete products
8-10,38
Cereal and bakery products
8
Chain-store sales, firms with 11 or more stores. . .
12
Cheese
27
Chemicals
4-6,8,13-15,19,22, 23, 25
Cigarettes and cigars
8,30
Clay products
8,38
Coal
4,8,22,24,35
Cocoa
23,29
Coffee
23,29
Coke
24,35
Communication
2,15,20,24
Confectionery, sales
29
Construction:
Contracts
9
Costs
9,10
Employment unemployment hours, earnings. . . 12-15
Fixed investment, structures
1
Highways and roads
9,10
Housing starts
9
New construction put in place
9
Consumer credit
17,18
Consumer expenditures
1
Consumer goods output, index
3,4
Consumer price index
7
Copper
23,33
Corn
27
Cost of living (see Consumer price index)
7
Cotton, raw and manufactures
7,8,22,38,39
Cottonseed cake and meal and oil
30
Credit, short- and intermediate-term
17,18
Crops
3,7,27,28,30, 38
Crude oil and natural gas
4,35
Currency in circulation
19
Dairy products
Debits, bank
Debt, U.S Government
Department stores
Deposits, bank
Disputes, industrial
Distilled spirits
Dividend payments, rates, and yields
Drug stores, sales
3,7, 8,27
16
18
11,12,17
16,17,19
16
26
2, 3,18-21
11,12
Earnings, weekly and hourly
14,15
Eating and drinking places
11,12
Eggs and poultry
3,7,29
Electric power
4,8,26
Electrical machinery and equipment
3,
5,6,8,13-15,19,22, 34
Employment estimates
12,13,15
Employment Service activities
16
Expenditures, U.S. Government
18
Explosives
25
Exports (see also individual commodities).... 1,2,21-23
Express operations
23
Failures, industrial and commercial
7
Fans and blowers
34
Farm income, marketings, and prices
2,3,7
Farm wages
•
15
Fats and oils
8,22,29,30
Federal Government
finance
18
Federal Reserve banks, condition of
16
Federal Reserve member banks
17
Fertilizers
8,25
Fire losses
10
Fish oils and
fish
29
Flooring, hardwood
31
Flour, wheat
28
Food products
1,4-8,10,11,13-15,19,22,23,27-30
Foreclosures, real estate
10
Foreign trade (see also individual commod.)
21-23
Foundry equipment
34
Freight carloadings
24
Freight cars (equipment)
4, 40
Fruits and vegetables
7,8,22
Fuel oil
35,36
Fuels
4, 7, 8,22, 23, 35,36
Furnaces
34
Furniture
3,4,8,11-15,17
Furs
23
Gas, output, prices, sales, revenues
Gasoline
Glass and products
Glycerin
Gold
Grains and products
Grocery stores
Gross national product
Gross private domestic investment
Gypsum and products
4,8,26
1,35,36
38
25
19
7,8,22,24,27,28
11,12
1
1
8,38
Hardware stores
11
Heating equipment
8,34
Hides and skins
8,30
Highways and roads
9,10
Hogs
28
Home electronic equipment
8
Home Loan banks, outstanding advances
10
Home mortgages
10
Hosiery
40
Hotels
24
Hours of work per week
13-15
Housefurnishings
1,4,7,8,10-12
Household appliances and radios
4,8,11, 34
Housing starts and permits
9
imports (see also individual commodities)
1,'22,23
Income, personal
2,3
Income and employment tax receipts
18
Industrial production indexes:
By industry
3,4
By market grouping
3,4
Installment credit
12,17,18
nstallment sales, department stores
12
nstruments and related products
3,5,13-15
nsurance, life
18,19
nterest and money rates
17
nventories, manufacturers* and trade
4-6,11,12
entory-sal68 ratios
5
ron and steel
3,5,6,8,10,15,19,22, 23,32,33
Labor advertising index, strikes, turnover. .
16
12
Labor force
Lamb and mutton
28
Lard.
28
33
Lead.
Leather and products
3,8,13-15,30, 31
Life insurance
18,19
Linseed oil
30
Livestock
3,7,8,24, 28
Loans, real estate, agricultural, bank, brokers*
(see also Consumer credit)
10,16,17,20
Lubricants
35,36
Lumber and products
3,8,10-15,19,31
Machine tools
34
Machinery
3,5,6,8,13-15,19,22,34
Mail order houses, sales
11
Man-hours, aggregate, and indexes
14
Manmade fibers and manufactures
8,39
Manufacturers* sales (or shipments), inventories,
orders
4-6
Manufacturing employment, unemployment production workers, hours, man-hours, earnings. . . 12-15
Manufacturing production indexes
3,4
Margarine
29
Meat animals and meats
3, 7,8,22, 23,28
Medical and personal care
7
Metals
3-6,8,19,22,23,32-34
Milk
27
Mining and minerals
2-4,8,13-15,19,20
Monetary statistics
19
Money supply
19
Mortgage applications, loans, rates
10,16,17
Motor carriers
23,24
Motor vehicles
1,3-8,10,11,15,19,22,40
Motors and generators.
34
National defense expenditures
1,18
National income and product
1,2
National parks, visits
[
24
Newsprint
23,37
New York Stock Exchange, selected data
20,21
Nonferrous metals
3,8,19, 22,23,33,34
Noninstallment credit
17,18
Oats
Oil burners
Oils and fats
Orders, new and unfilled, manufactures*
Ordnance
Paint and paint materials
Panama Canal traffic
Paper and products and pulp
27
34
8,22,29,30
6
13-15
8,25
24
3
5,6,8,13-15,19,23,36,37
Parity ratio
7
Passports issued
24
Personal consumption expenditures
1
Persona] income
2,3
Personal outlays
2
Petroleum and products
4-6,
8,11,13-15,19,22,23,35,36
Pig iron.
32
Plant and equipment expenditures.
. 2,20
Plastics and resin materials
25
Population
12
Pork
28
Postal savings
17
Poultry and eggs.
3,7,29
Prices (see also individual commodities)
7,8
Printing and publishing
4,13-15
Profits, corporate
2,19
Public utilities
2-4,7-9,13,15,19-21
Pullman Company
24
Pulp and pulpwood
36
Purchasing power of the dollar
8
'"
Radiators and cpnvectors
34
Radio and television
. 4 , 1 0 , 11,34
Railroads
2,13,14,15,20,21, 24,40
Railways (local) and bus lines
15,23
Rayon and acetate
39
Real estate
10, 17,18
Receipts, U.S. Government
18
Recreation
7
Refrigerators and home freezers
34
Rent (housing)
7
Retail trade
4,5,7,11-15. 17,18
Rice
27
Roofing and siding, asphalt
36
Rubber and products (inch plastics).
4-6,
8,13-15, 23,37
Saving, personal
Savings deposits
Securities issued
Security markets
Services
Sheep and lambs
Shoes and other footwear
Silver
Soybean cake and meal and oil
Spindle activity, cotton
Steel (raw) and steel manufactures
Steel scrap
Stock prices, earnings, sales, etc
Stone, clay, glass products
Stoves and ranges
Sugar
Sulfur
Sulfuric acid
Superphosphate
2
17
19,20
20,21
1,7, 13,15
28
8,11, 12,31
19
30
39
32,33
32
20,21
3-5,8,13-15, 19,38
34
23,29
25
25
25
Tea imports
29
Telephone and telegraph carriers
15,24
Television and radio
4,10,11, 34
Textiles and products. . 3, 5,6,8,13-15,19,22, 23,38-40
Tin
23, 33
Tires and inner tube?
8,11,12,37
Tobacco and manufactures
4-8,10,13-15,30
Tractors
22,34
Trade (retail and wholesale)
4, 5,11,12
Transit lines, local
15,23
Transportation
1,2,7,13,15,23,24
Transportation equipment
3-6,13-15,19,40
Travel
23,24
Truck trailers
40
Trucks (industrial and other)
34,40
Unemployment and insurance
U.S. Government bonds
U.S. Government
Utilities
12,16
16-18,20
finance
18
2-4,9,13,15,19-21,26
Vacuum cleaners
Variety stores
Vegetable oils
Vegetables and fruits
Veterans' benefits
Wages and salaries
Washers and driers
Water heaters
Waterway traffic
Wheat and wheat
Wholesale price indexes
Wholesale trade
Wood pulp
Wool and wool manufactures
Zinc.
34
11,12
30
7,8,22
16,18
*
flour
2,3,14,15
34
34
24
28
8
4,5,7,13-15
36
7,8,23,39
33,34
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