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October 1990 / Volume 70 Number

10

SURVEY OF CURRENT BUSINESS
1

Business Situation

5

National Income and Product Accounts
5
19

U.S. Department of Commerce
Robert A. Mosbacher / Secretary
Michael R. Darby / Undersecretary
for Economic Affairs

Bureau of Economic Analysis
AllanH, Young / Director
Carol S. Carson / Deputy Director

21 Regional Perspectives
21

SURVEY OF CURRENT BUSINESS. Published
monthly by the Bureau of Economic Analysis of the
U.S. Department of Commerce. Editorial correspondence should be addressed to the Editor-inChief, SURVEY OF CURRENT BUSINESS, Bureau of Economic Analysis, U.S. Department of Commerce,
Washington, DC 20230.
Annual subscription: Second-class mail—
$23.00 domestic, $28.75 foreign; first-class mail—
$52.00, Single copy—$6.50 domestic, $8.13 foreign.
Mail subscription orders and address changes to
the Superintendent of Documents, U.S. Government Printing Office, Washington, DC 20402.
Make checks payable to the Superintendent of
Documents.
Second-class postage paid at Washington, DC
andatadditionalmailingoffices. (USPS 337-790).
The Secretary of Commerce has determined
that the publication of this periodical is necessary
in the transaction of the public business required
by law of this Department.




Personal Income Growth Slowed in Second Quarter 1990

23

State Personal Income, Summary Estimates for
Second Quarter 1990

26

Metropolitan Statistical Area Projections of Income, Employment,
and Population to the Year 2000

31

Summary Fixed Reproducible Tangible Wealth Series, 1925-89

Editor-in-Chief: Douglas R. Fox
Managing Editor: Leland L.Scott
Publication Staff: W. Ronnie Foster,
M. Gretchen Gibson, Donald J. Parschalk

Selected NIPA Tables
NIPA Charts

C-pages: Business Cycle Indicators
(Seepage C-l for contents)

Stages: Current Business Statistics
(Seepage S-36for contents and subject index)

Inside back cover: BEA Information

NOTE.—This issue of the SURVEY went to the printer on November 6,1900.
It incorporates data from the following monthly BEA news releases:
Gross National Product (Oct. 30),
Personal Income and Outlays (Oct. 31), and
Composite Indexes of Leading, Coincident, and Lagging
Indicators (Nov. 2).

the BUSINESS SITUATION
CHART 1

U .S. production, as measured by real
CrNP, increased 2 percent in the third
quarter of 1990 after increasing V2 percent in the second quarter and 1V2
percent in the first (chart 1 and table
I).1
GNP, which measures production attributable to factors of production supplied by U.S. residents, includes net
factor income received from abroad.
This item has been quite volatile in
recent quarters. Gross domestic product (GDP) is a measure of production
that excludes net factor income and,
consequently, reflects production attributable to factors of production located in the United States. In recent
quarters, changes in real GDP have
varied somewhat less than those in
real GNP; for example, real GDP increased less than real GNP in the third
quarter: Real GDP increased 1V2 percent after increasing 1 percent in the
second quarter and 2 percent in the
first.
NOTE.—Daniel Larkins of the Current Business
Analysis Division was primarily responsible for
preparing this article, with contributions from
Douglas R. Fox, Larry R. Moran, Ralph W.
Morris, and Mira A. Piplani.
1. The regularly featured estimate of real GNP is
based on 1982 weights. An alternative estimate of real
GNP growth based on more current weights can be calculated using the change in the chain price index, which
3s published in table 8.1 of the "Selected NIPA Tables."
This alternative measure increased llfa percent in the
third quarter after increasing 1 percent in the second.
Growth of real GNP in 1987 dollars, another measure
based on more current weights, will be published in
the "Reconciliation and Other Special Tables" in the
November SURVEY OF CURRENT BUSINESS.

Despite the step-up in GNP, the
Selected Measures:
third quarter was the sixth consecutive
Change
From Preceding
quarter in which real GNP grew at a
rate of 2 percent or less. In terms of the Percent
major components, personal consump- 10
REAL GNP
tion expenditures (PCE) increased considerably more in the third quarter
than in the second, and fixed investment increased after declining in the
second quarter. Movements in these
components were partly offset by a
downswing in inventory investment -5
(that is, change in business inventories) and by a slowing in government
purchases. Net exports declined about -10
the same amount in the third quarter 10
REAL GROSS DOMESTIC PURCHASES
as in the second. (The components of
GNP will be discussed in detail in the
November "Business Situation/')
Turmoil in the Middle East and the
associated jump in crude oil prices
in August and September appear to
have had little identifiable effect on -5
third-quarter GNP and final sales
of GNP. The advance GNP estimate
for the third quarter incorporated -10
monthly source data for all 3 months 10
GNP PRICE INDEX (FIXED WEIGHTS)
of the quarter for PCE and producers' durable equipment (see box on
page 2). Together, these components
account for about three-fourths of final sales. These data do not show a
weakening during the quarter.2

2. Source data on inventory change in September,
which became available after the advance estimate
of GNP was released, likewise suggest no weakening. However, September source data on nonresidential
structures, which also became available after the advance estimate of GNP was released, do show some
slowing.

10

Quarter

GROSS DOMESTIC PURCHASE PRICE INDEX
(FIXED WEIGHTS)

BEA Vacancies
BEA is hiring additional staff—primarily economists and accountants.
The positions are in national economic accounting, balance of payments
accounting, and international investment surveys. Requests for information, including how to apply for these positions, may be addressed to James
J. Hartman, Administrative Officer, Bureau of Economic Analysis, U.S.
Department of Commerce, Washington, DC 20230; phone (202) 523-0508.




1987

1988

1989

1990

Note.—Percent change at annual rate from preceding quarter;
U.S. Department of Commerce, Bureau of Economic Analysis

90-10-1

1

SURVEY OF CURRENT BUSINESS

October 1990

purchases of fuel appear to have been sales of motor vehicles increased 2 perheld down by use of fuel from gov- cent in the third quarter after declining
ernment inventories. Third, some ex- 6 percent in the second.
In terms of units (at seasonally adpenditures on other operations may
have been reduced to provide funds to justed annual rates), domestic car production increased 0.6 million to 7.0
finance Middle East operations.
million, the highest level in five quarMotor vehicles.—Motor vehicle out- ters. Domestic car sales increased 0.4
put increased 13 V2 percent in the third million, to 7.2 million. Domestic car inquarter and accounted for about lk per- ventories increased 0.1 million, to 1.4
centage point of GNP growth; motor million at the end of the third quarter.
vehicle output had increased 48 V2 per- The inventories-sales ratio in the third
cent in the second quarter. Real final quarter was unchanged at 2.3, which
is close to the industry target.
Some of the strength in motor vehicle
Table 1—Gross National Product in Constant Dollars
sales and production in the third quar[Seasonally adjusted at annual rates]
ter reflected special developments and,
Billions of 1982 dollars
Percent change from preceding
thus, may be short lived. The thirdquarter
Level
Change from preceding quarter
quarter increase in production appears
1989
1990
1989
1990
to
have been partly due to less "down1990:111
I
IV
II
III
time" to retool for model changeover
II
IV
I
III
than is usual for a third quarter; less
Gross national product .. .
17.4
4,173.6
3.5
4.5
18.5
0.3
1.7
0.4
1.8
"downtime" was needed because manPersonal consumption expenditures.. .
.
-5.4
7.4
2,702.7
1.5
23.9
-.8
.2
1.1
3.6
ufacturers had retooled for a number
Durable goods
430.0 -15.0
14.5 -10.8
3.2 -13.0
14.4 -9.5
3.0
of 1991 models earlier in the year.
Nondurable goods
,
-.4
^.4
-7.4
915.0
3.8
-.2 -3,2
-1.9
1.7
Services
Current fourth-quarter plans call for
10.0
.4
16.6
1357.7
.1
16.9
3.1
5.1
5.1
a number of plant closings and lower
Gross private domestic investment .
-.1
-8.4
700.6 -132
0
-7.1
-.1
-4.7
0
production.
Fixed investment
...
692.9
-7.5
12.7 -11.7
1.7
-4.2
7.6 -6.5
1.0
Nonresidential...
.. .
-4.9
6.2
-6.2
517.6
9.2
-3.8
5.0 -4.7
7.4
Anecdotal evidence suggests that the
122.4
.4
-2.9
Structures ,
.7
1.5
1.3
2.3 -9.0
5.1
third-quarter increase in car sales in5.4
Producers' durable equipment.
395.2
-5.2
7.7
-5.2
-3.3
5.7 -3.3
8.2
Residential
.
-2.6
6.5
175.3
-7.5
-5.5
-5.5
15.1 -11.2 -154
cluded a sharp increase in fleet sales to
Change in business inventories
,...
-5.7
7.8
-21.1
11.7
-17
Nonfarm
-3.4
8.2
-6.4 -23.5
19.8
businesses,
reflecting more aggressive
Farm
2.4
-.4
.7
1.7
-8.1
fleet-marketing programs that may
Net exports of goods and services
16.2
12.5
-9.2
-52.5
-7.9
have shifted some new-car purchases
Exports
622.0
19.1
16.5
1.9
-8.0
13.5
11.2 -5.0
1.2
scheduled for the fourth quarter into
Imports
.
4.1
1.2
674.5
2.8
9.8
1.7
6.0
2.5
.7
the
third. If source data show this to be
Government purchases of goods and services
822.8
6.0
5.7
12.3
2.6
3.0
6.2
2.9
1.3
true,
then business purchases of new
Federal
345.6
.3
-.4
.4
12.9
-.3
-.3
16.4
-.3
11
cars (included in producers' durable
National defense
2.1
256.8
-4,7
.3
-7.0
-1.7
3.3
.5
4.4
1.4
88.8
10.8
Nondefense
-.6
26.5
7.5 67.4 -2.7
equipment) were stronger in the third
7
477.2
5.5
State and local. .
6.3
2.9
5.6
4.8
-.6
2.5
quarter than the advance estimates
Addendum:
12.4
Gross domestic product
4,147.0
18.7
-.6
16.4
-.1
1.8
1.2
1.6
indicate, and consumer purchases (included in PCE) were correspondingly
NOTE.—Percent changes are found in table 8.12 of the "Selected NIPA Tables." Dollar levels are found in table 1.2. and 1.8.
weaker. The advance estimates assume that the shares of consumer purchases and business purchases of new
NOTE.—Quarterly estimates in the national income and product accounts are expressed at
cars were about the same as in the
seasonally adjusted annual rates, and quarterly changes in them are differences between these
second quarter.
rates. Quarter-to-quarter percent changes are annualized (and those used in the text are
Four developments in the third quarrounded to the nearest lk percent). Real, or constant-dollar, estimates are expressed in 1982
ter were consistent with a smaller
dollars. The advance GNP estimate for the third quarter is based on the following major source
data, some of which are subject to revision. (The number of months for which data were available
increase in new-car purchases by conis shown in parentheses.)
sumers. First, many of the factors usually associated with consumer spendPersonal consumption expenditures: Sales of retail stores (3), and unit auto and truck
sales (3);
ing showed weakness: Real disposable personal income declined, the unNonresidential fixed investment: Unit auto and truck sales (3), construction put in place (2),
manufacturers' shipments of machinery and equipment (3), and exports and imports of
employment rate increased, and conmachinery and equipment (2);
sumer confidence (as measured by the
Residential investment: Construction put in place (2), and housing starts (3);
Index of Consumer Sentiment prepared by the University of MichiChange in business inventories: Manufacturing and trade inventories (2), and unit auto
inventories (3);
gan's Survey Research Center) dropped
sharply. Second, many sales-incentive
Net exports of goods and services: Merchandise exports and merchandise imports (2);
programs offered by manufacturers in
Government purchases of goods and services: Federal outlays (2), and State and local
the third quarter were only marginally
construction put in place (2);
more attractive than those offered in
GNP prices: Consumer Price Index (3), Producer Price Index (3), nonpetroleum merchandise
the second. Third, interest rates on
export and import price indexes (3), and values and quantities of petroleum imports (2).
new-car loans increased slightly in the

The small increase ($V2 billion) in
national defense purchases by the Fdderal Government is, perhaps, surprising in light of the buildup of U.S.
troops in the Middle East. The explanation appears to be threefold. First,
most of the compensation paid to U.S.
forces in the Middle East would have
been paid even if the troops had
not been deployed there. Increases
in compensation—such as hazardous
duty pay—associated with the deployment were relatively small. Second,




SURVEY OF CURRENT BUSINESS

October 1990

third quarter. Fourth, gasoline prices
jumped sharply, so the cost of operating a vehicle increased. However,
two third-quarter developments that
were consistent with a larger increase
in new-car purchases by consumers
were a decline in new-car prices and
announcements by manufacturers of
sizable price increases on 1991 models that were to be introduced in late
September and early October.
Sales of imported cars fell to 2.5 million in the third quarter—the lowest
level in more than 5 years—from 2.7
million in the second.
Domestic truck production was down
in the third quarter after increasing
in the second. Sales of new trucks
totaled 4.8 million in the third quarter, about the same as in the second
quarter; sales of light domestic trucks
increased slightly, to 4.1 million, and
sales of light imported trucks declined
slightly, to 0.3 million. Truck inventories declined in the third quarter after
increasing in the second.
Prices

Price measures for two BEA aggregates, GNP and gross domestic purchases, show different pictures of inflation in the U.S. economy in the second
and third quarters. The GNP price index (fixed weights) increased 4 percent,
the same rate as in the second quarter;
Table 2.—Price Indexes (Fixed Weights): Change
From Preceding Quarter
[Percent change at annual rates; based on seasonally adjusted index
numbers (1982=100)]

1990

1989

GNP.
Less: Exports
Plus: Imports
Equals: Gross domestic purchases

IV

I

II

HI

38

66

39

41

o
40

50
34
92 -70

14 1

4.2

7.0

2.9

5.0

34

Less: Change in business inventories......
Equals: Final sales to domestic
purchasers.
Personal consumption expenditures.........
Nonresidential structures
Producers' durable equipment
Residential investment...,
Government purchases
Addenda: Categories of gross domestic
purchases:
Food"
Energy2
Other

4.2

6.9

29

50

4.7
14

7.4
2.8

.5
34

3.5
72

3.1
19
14
.3
30

5.7
28
17
2.2
45

1i
-7 8

40
243

44

54

5.0

134

10

17 3

43

54

39

Personal income

41

1. Consists of all components of gross domestic purchases for which
separate estimates are prepared. The major component that is not
included is purchases of food by the Federal Government other than
transactions by the Commodity Credit Corporation.
2. Consists of all components of gross domestic purchases for which
separate estimates are prepared. The major components that are not
included are the gasoline and motor oil portions of inventories held by
gasoline service stations and the energy portions of inventories held by
businesses that do not produce energy for sale.
NOTE.—Percent changes in major aggregates are found in table 8.1
of the "Selected NIPA Tables." Most index number levels are found
in tables 7.1 and 7.3.




prices.) The sharp changes in import
prices were largely traceable to petroleum prices, which surged following
the Iraqi invasion of Kuwait in early
August.
The third-quarter acceleration in
gross domestic purchases prices was
largely attributable to a sharp upswing
in energy prices (chart 2). Energy
prices increased 24 V2 percent after an
8-percent decline in the second quarter. Food prices also picked up, increasing 4 percent after increasing 1
percent. Prices of gross domestic purchases less food and energy—which
may be viewed as a measure of underlying inflation in the U.S. economyincreased 4 percent in the second and
third quarters, a rate that was somewhat less than the rate in the first
quarter and about the same as the
average increase in 1989.
Among major components, PCE
prices increased 5V2 percent in the
third quarter after increasing 3 percent in the second. The acceleration
was largely attributable to the sharp
CHART 2 upswing in energy prices. Prices of
gasoline and oil and of fuel oil and
Gross Domestic Purchases
coal both increased substantially after
Prices (Fixed Weights):
declining; in contrast, prices of electricChange From Preceding Quarter
ity and gas declined somewhat more
Percent
than in the second quarter. PCE food
8
prices picked up; prices of dairy prodGROSS DOMESTIC PURCHASES
ucts and of fresh vegetables increased
Total
after declining in the second quarter,
and prices of fresh fruits declined less
in the third quarter than in the second.
Other PCE prices increased 5 percent,
Less Food and Energy
slightly more than in the second quarter; motor vehicle prices changed little
after a decline, and housing costs increased nearly twice as much as in the
second quarter.
Prices of both fixed investment and
government purchases increased more
in the third quarter than in the second.
The pickup in fixed investment prices,
from 1V2 percent to 2 percent, was
widespread. The pickup in prices paid
by government, from 3 percent to 4V 2
percent, was also widespread; in particular, increases in prices of State and
local government purchases of goods
and structures accelerated.
the price index for gross domestic purchases (fixed weights) increased 5 percent after increasing 3 percent (table
2).
For many applications, the price index for gross domestic purchases is
preferable as a measure of U.S. inflation because it measures prices of
goods and services purchased*, the GNP
price index measures the prices of
goods and services produced. (For a
discussion of conceptual differences between the two price measures, see the
February 1987 "Business Situation.")
The differences in the increases in the
two measures in the second and third
quarters were accounted for by import
prices, which dropped 7 percent in the
second quarter and jumped 14 percent
in the third; export prices increased
3V2 percent in each quarter. (Export prices are included in GNP prices
but not in gross domestic purchases
prices; import prices are subtracted
out in deriving GNP prices but not
in deriving gross domestic purchases

-5 -10
1987

1988

1989

1990

Note—Percent change at an annual rate from preceding quarter
based on seasonally adjusted index numbers (1982 = 100).
U.S. Department of Commerce, Bureau of Economic Analysis

90-10-2

Real disposable personal income
(DPI) declined V2 percent in the third
quarter after increasing V2 percent in
the second, and the personal saving
rate declined 1.0 percentage point to
4.0 percent (chart 3). The downswing
in real DPI reflected the acceleration

SURVEY OF CURRENT BUSINESS

October 1990

Farm proprietors' income declined
$8 billion in the third quarter after
declining $6V2 billion in the second.
Federal agricultural subsidy payments
to farmers declined $6 V2 billion in the
third quarter after declining $5 billion in the second. The declines in
subsidies mainly reflected declines in
deficiency payments—payments made
because the market price of a crop is,
or is projected to be, below the Federal
target price—and in disaster relief payments. Farm income excluding subsidies declined $2 billion in the third
quarter after declining $1V2 billion in
the second. The third-quarter decline
largely reflected farmer transactions
under the Commodity Credit Corporation commodity loan program; the
second-quarter decline reflected lower
market prices. Nonfarm proprietors'
income increased $4V2 billion, about
3 the same as in the second quarter.
Rental income increased $3 V2 billion
in the third quarter after declining $1
billion in the second. The increase
largely reflected increases in housing
output associated with higher rents
and in royalty income associated with
higher oil prices.

in PCE prices just discussed. Currentdollar disposable personal income increased more in the third quarter than
in the second, as personal tax and
nontax payments slowed more than
personal income.
Among the (current-dollar) components of personal income, wage and
salary disbursements were up $37 billion in the third quarter, $7]/2 billion less than in the second (table
3). The slowdown in private wages
and salaries was in the manufacturing, where employment declined more
than in the second quarter, and in
the distributive industries, where average weekly hours declined in the third
quarter after increasing in the second. Government wages and salaries
also increased less than in the second
quarter.

Selected Personal Income
and Saving Measures
Billion $
150
120 -

Transfer payments increased more
than in the second quarter, and increases in other labor income, personal
dividend income, and personal interest
income were similar to increases in the
second quarter. Personal contributions
for social insurance, which are subtracted in deriving the personal income
total, registered a larger increase than
in the second quarter. Contributions
were reduced in the second quarter as
a result of the repeal of the major provisions of the Medicare Catastrophic Act
of 1988.
Personal tax and nontax payments
increased $12V2 billion in the third
quarter after increasing $21V2 billion
in the second. The second-quarter increase had included large payments of
estate and gift taxes.
Disposable personal income increased
4V 2 percent in the third quarter, a little more than in the second. Personal
outlays (largely PCE) were up substantially more than disposable personal
income in the third quarter; thus, personal saving fell $35 V2 billion. The
resulting 1.0-percentage-point drop in
the personal saving rate followed three
consecutive quarterly increases.

Table 3.—Personal Income and Its Disposition
[Billions of dollars; seasonally adjusted at annual rates]
Change from preceding quarter

Level
1990:111
Wage and salary disbursements
Commodity-producing industries
Manufacturing
Other
Distributive industries
Service industries
Government and government enterprises

.

......

2,733.3
735.1
551.2
183.9
642.4
844.6
511.3

II

I

IV

26.1
-.8
-2.3
1.4
7.5
12.6
6.8

38.9
3.2
.3
2.9
12.4
12.9
10.4

HI

44.7
6.5
6.9
-.4
10.3
19.3
8.6

37.0
4.0
3.1
.9
5.1
22.4
5.6

Other labor income

260.0

4.0

5.3

3.6

3.6

Proprietors' income
Farm
Nonfarm

398.0
42.8
355.2

13.6
7.0
6.5

22.3
11.7
10.6

-2.3
-6.4
4.2

-3.7
-8.2
4.4

7.6
124.9
686.4

1.7
2.5
9.7

1.4
2.3
5.6

-1.2
2.4
7.5

3.3
2.0
8.4

Rental income of persons
Personal dividend income
Personal interest income

.

Transfer payments

696.0

Less' Personal contributions for social insurance

228.6

Personal income

Equals' Disposable personal income .
Less' Personal outlays

14.1
1.8

25.0
7.1

5.8

9.3

1.2

4.5

4,677.7

66.4

93.6

59.4

709.0

10.1

5.5

21.4

12.5

3,968.6

56.2

88.1

38.0

42.9

3,809.2

36.7

70.9

34.2

19.6

17.2

Less' Personal tax and nontax payments

PERSONAL SAVING RATE

1990

1989

159.4

Equals' Personal saving . . . .

55.5

3.8

78.6
-35.7

Addenda: Special factors in personal income:
In wages and salaries:
Federal Government and Postal Service pay adjustments

,

In farm proprietors' income:
Agricultural subsidy payments
In transfer payments:
Social security retroactive payments
Cost-of-living increases in Federal transfer payments
1987

1988

1989

1990

In personal contributions for social insurance:
Social security rate and base changes and increase in premium for
supplementary medical insurance
Medicare insurance premiums
...
. .

Based on Seasonally Adjusted Annual Rates
Note.—Changes are from preceding quarter.
U.S. Department of Commerce, Bureau of Economic Analysis




90-10-3

..

NOTE.—Most dollar levels are found in table 2.1 of the "Selected NIPA Tables."

.2

4.2

.5

.4

5.8

2.9

-5.1

-6.3

.7

-.9
14.7

.4

-.4

5.8
-2.1

-i.6

3.7

NATIONAL INCOME
AND PRODUCT ACCOUNTS
Selected NIPA Tables
New estimates in this issue: Third quarter 1990, advance.
The selected set of 54 national income and product accounts (NIPA) tables shown in this section presents quarterly estimates, which are updated
monthly. (In most of these tables, annual estimates are also shown.) The full set of 132 tables usually shown in July presents annual NIPA revisions.
For more information on the presentation of the estimates, see "National Income and Product Accounts Estimates: When They are Released, Where
They Are Available, and How They Are Presented" in the July 1988 SURVEY.
The tables shown are available the day of the GNP news release on printouts and diskettes on a subscription basis or from the Commerce Department's
Economic Bulletin Board. Estimates for 1986-89 are in the July 1990 issue of the SURVEY; estimates for 1985 are in the July 1988 issue; estimates
for 1984 are in the July 1987 issue; estimates for 1983 are in the July 1986 issue. Estimates for 1929-82 are in National Income and Product
Accounts, 1929-82: Statistical Tables. For more information, write to National Income and Wealth Division (BE-54), Bureau of Economic Analysis, U.S.
Department of Commerce, Washington, DC 20230.
NOTE.—This section of the SURVEY is prepared by the National Income and Wealth Division and the Government Division.
Table 1.1.—Gross National Product

Table 1.2.—Gross National Product in Constant Dollars

[Billions of dollars!

[Billions of 1982 dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1988

1989

1989

II

III

1990

IV

I

II

1988

n

III

4,873.7 5,200.8 5,174.0 5,238.6 5,2893 5375.4 5,443.3 5,514.4

Gross national product

Personal consumption expenditures "... 3,238.2 3,450.1 3,425.9 3,484.3 3318.5 3,588.1 3,622.7 3,700.6
Durable goods
Nondurable goods
Services '

457.5 474.6 473.6 487.1 471.2 492.1 478.4 483.1
1,060.0 1,130.0 1,127.1 1,137.3 1,148.8 1,174.7 1,179.0 1,202.8
1,720.7 1,845.5 1,825.1 1,859.8 1,898.5 1,921.3 1,965.3 2,014.7

Gross national product

747.1

771.2

776.7

775.8

762.7

747.2

759.0

759.6

720.8
488.4
139.9
348.4
232.5
26.2
29.8
-3.6

742.9
511.9
146.2
365.7
231.0
28.3
23.3
5.0

744.0
511.4
144.2
367.2
232.7
32.7
26.1
6.6

746.9
518.1
147.0
371.0
228.9
28.9
26.2
2.6

737.7
511.8
147.1
364.7
225.9
25.0
24.1
.9

758.9
523.1
148.8
374.3
235.9
-11.8
-17.0
5.3

745.6
516.5
147.2
369.3
229.1
13.4
13.0
.5

750.9
530.1
150.2
379.9
220.8
8.8
7.8
1.0

Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential
Change in business inventories
Nonfarm

-74.1

-46.1

-51.3

-49.3

-35.3

-30.0

-24.9

-49.2

Net exports of goods and services '

552.0
626.1

626.2
672.3

628.8
680.0

623.7
673.0

642.8
678.1

661.3
691.3

659.7
684.6

662.6
711.8

Government purchases of goods and
services
Federal
National defense
Nondefense
State and local

962.5 1,025.6 1,022.7 1,027.8 1,043.3 1,070.1 1,086.4 1,103.4
380.3
297.2
83.1
582.3

400.0
301.1
98.9
625.6

402.5
300.6
101.9
620.2

399.2
306.3
93.0
628.6

399.9
299.2
100.7
643.4

410.6
307.2
103.4
659.6

421.9
309.6
112.3
664.6

425.4
311.1
114.3
678.0

IV

I

II

III

4,016.9 4,117.7 4,112.2 4,129.7 4,133.2 4,150.6 4,155.1 4,173.6
418.2 428.0 428.2 438.1 423.1 437.6 426.8 430.0
915.0
909.4 919.9 914.6 923.4 923.0 915.6 911.2
1,278.9 1,309.0 1,302.5 1,313.8 1,323.8 1,324.2 1,340.8 1,357.7

Durable goods
Nondurable goods
Services '

Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential
Change in business inventories
Nonfarm
Farm
Exports '
Imports '

III

Personal consumption expenditures1... 2,606.5 2,656.8 2,645.3 2,675.3 2,669.9 2,677.3 2,678.8 2,702.7

Gross private domestic investment

Net exports of goods and services l

1990

1989

1989

Gross private domestic investment

Exports '
Imports '
Government purchases of goods and
services
Federal
National defense
Nondefense
State and local

705.7

716.9

719.1

722.3

709.1

700.7

700.7

700.6

682.1
487.2
122.4
364.8
194.9
23.6
26.5
-2.9

693.1
506.1
122.4
383.7
187.0
23.8
18,7
5.0

693.6
505.5
120.6
384.9
188.1
25.5
21.5
4.0

697.7
513.3
122.7
390.6
184.4
24.6
21.7
2.9

690.2
508.4
123.1
385.4
181.8
18.9
15.3
3.6

702.9
514.6
123.8
390.8
188.3
-2.2
-8.2
6.0

691.2
508.4
120.9
387.5
182.8
9.5
11.6
-2.1

692.9
517.6
122 A
395.2
175.3
7.8
8.2
-.4

-75.9

-54.1

-53.3

-64.1

-47.9

-35.4

-44.6

-52.5

534.7
610.6

593.3
647.4

593.2
646.5

592.5
656.6

611.6
659.4

628.1
663.5

620.1
664.7

622.0
674.5

780.5

798.1

801.0

796.2

802.2

807.9

820.2

822.8

328.1
260.7
67.5
452.4

334.9
256.3
78.7
463.2

339.9
255.7
84.2
461.1

333.0
260.2
72.8
463.2

332.7
255.5
77.2
469.5

333.0
254.4
78.6
475.0

345.9
256.5
89.4
474.3

345.6
256.8
88.8
477.2

1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.

1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

Table 1.4.—Gross National Product by Major Type of Product in Constant
Dollars

Table 1.3.—Gross National Product by Major Type of Product
[Billions of dollars]

[Billions of 1982 dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1988

1989

1989

II

III

1988

1990

IV

I

II

4,847.5 5,172.5 5,141.3 5,209.7 5,264.3 5,387.2 5,429.9 5,505.6
26.2
25.0 -11.8
13.4
28.3
32.7
28.9
8.8
1,935.1 2,072.7 2,079.4 2,090.2 2,085.9 2,111.0 2,146.6 2,160.8

Goods

1,908.9 2,044.4 2,046.8 2,061.3 2,060.9 2,122.8 2,133.1 2,152.0
13.4
26.2
8.8
28.3
32.7
28.9
25.0 -11.8

Final sales
Change in business inventories

Gross national product
Final sales
Change in business inventories

1990

1989

II

III

4,873.7 5,200.8 5,174.0 5,238.6 5,289.3 5375.4 5,443.3 5,514.4

Gross national product
Final sales
Change in business inventories

1989

III

IV

I

II

III

4,016.9 4,117.7 4,112.2 4,129.7 4,133.2 4,150.6 4,155.1 4,173.6
3,993.2 4,094.0 4,086.6 4,105.1 4,114.4 4,152.8 4,145.6 4,165.8
23.8
24.6
18.9
-2.2
9.5
7.8
23.6
25.5
1,765.2 1,829.5 1,838.5 1,836.5 1,823.1 1,825.4 1,831.3 1,835.6

Goods
Final sales
Change in business inventories

1,741.6 1,805.7 1,813.0 1,811.9 1,804.3 1,827.6 1,821.8 1,827.8
24.6
-2.2
7.8
23.6
23.8
25.5
18.9
9.5

941.6
934.7
6.9

Durable goods
Final sales
Change in business inventories

874.5
856.7
17.8

907.5
897.7
9.8

908.7
901.6
7.2

919.5
914.1
5.4

904.4
894.2
10.2

914.3
932.1
-17.7

919.1
919.5
-.3

928.7
922.6
6.0

1,074.9 1,166.0 1,174.9 1,168.1 1,178.6 1,191.2 1,216.4 1,219.2
Nondurable goods
1,068.6 1,149.6 1,150.5 1,145.9 1,166.7 1,181.4 1,203.0 1,217.3
Final sales
6.4
16.4
13.4
Change in business inventories........
22.2
11.9
9.8
1.9
24.3

Nondurable goods
Final sales
Change in business inventories

890.8
884.9
5.8

922.0
908.0
13.9

929.8
911.4
18.4

917.0
897.7
19.2

918.7
910.1
8.6

911.0
895.5
15.5

912.2
902.4
9.8

906.9
905.2
1.8

860.2
840.3
19.9

Durable goods
Final sales
Change in business inventories

906.6
894.7
11.9

904.6
896.2
8.4

922.1
915.4
6.6

907.4
894.2
13.2

919.9
941.4
-21.6

930.1
930.1
0

Services

..... 2,488.6 2,671.2 2,639.2 2,693.3 2,747.5 2,7913 2,834.2 2394.4

Structures

.....

450.0

456.9

455.3

455.0

455.9

473.0

462.5

459.2

NOTE. —Percent changes from preceding period for selected items in this table are shown in table 8.1.




Services
Structures

.,

1,870.5 1,915.6 1,902.5 1,923.5 1,939.7 1,943.7 1,952.5 1,971.6
381.1

372.7

371.1

369.8

370.4

381.5

371.2

366.4

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

SURVEY OF CURRENT BUSINESS

October 1990

Table 1.5.—Relation of Gross National Product, Gross Domestic Purchases,
and Final Sales to Domestic Purchasers

Table 1.6.—Relation of Gross National Product, Gross Domestic Purchases,
and Final Sales to Domestic Purchasers in Constant Dollars

[Billions of dollars]

[Billions of 1982 dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1988

1989

1989

II
Gross national product

1990

HI

IV

I

II

1988

III

4,873.7 5,200.8 5,174.0 5,238.6 5,289.3 5375.4 5,443.3 5,514.4

Less: Exports of goods and services
Plus: Imports of goods and services
Equals: Gross domestic purchases

552.0
626.1
2

Less: Change in business inventories
Equals: Final 3sales to domestic
purchasers
.

626.2
672.3

628.8
680.0

623.7
673.0

642.8
678.1

661.3
691.3

659.7
684.6

662.6
711.8

4,947.8 5,246.9 5,225.3 5,287.9 5324.6 5,405.3 5,468.2 5,563.7

26.2

28.3

32.7

28.9

25.0

-11.8

13.4

8.8

4,921.6 5,218.6 5,192.6 5,259.0 5,299.6 5,417.1 5,454.7 5,554.9

II

534.7
610.6
2

Less: Change in business inventories
Equals: Final sales to domestic
purchasers 3

III

IV

I

II

III

4,016.9 4,117.7 4,112.2 4,129.7 4,133.2 4,150.6 4,155.1 4,173.6

Gross national product
Less: Exports of goods and services
Plus: Imports of goods and services
Equals: Gross domestic purchases

1990

1989

1989

593.3
647.4

593.2
646.5

592.5
656.6

611.6
659.4

628.1
663.5

620.1
664.7

622.0
674.5

4,092.8 4,171.8 4,165.4 4,193.9 4,181.1 4,185.9 4,199.7 4,226,1

23.6

23.8

25.5

18.9

24.6

-2.2

9.5

7.8

4,069.1 4,148.1 4,139.9 4,169.3 4,162.2 4,188.1 4,190.1 4,2183

1. See the box on .page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
2. Purchases in the United States of goods and services wherever produced.
3. Final sales in the United States of goods and services wherever produced.

1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
2. Purchases in the United States of goods and services wherever produced.
3. Final sales in the United States of goods and services wherever produced.

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

Table 1.7.—Gross National Product by Sector

Table 1.8.—Gross National Product by Sector in Constant Dollars

[Billions of dollars]

[Billions of 1982 dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1988

1989

1989

II
Gross national product
Business
Nonfarm
Nonfarm less housing
Housing
Statistical discrepancy

Federal
State and local
Rest of the world

.

IV

I

II

1988

4,873.7 5,200.8 5,174.0 5,238.6 5,289.3 5375.4 5,443.3 5,514.4

*

4,147.8 4,418.1 4,402.8 4,449.8 4,483.1 4,551.8 4,613.5 4,667.4
4,095.3 4,346.6 4,334.7 4,379.4 4,399.5 4,455.8 4,522.1 4,577.1
3,695.3 3,915.3 3,910.4 3,939.4 3,955.8 4,007.6 4,067.5 4,112.6
400.0 431.2
424.2 440.1 443.7 448.1
454.7 464.4
80.7
88.6
88.4
95.3
93.5
86.7
86.7
94.6
-3.2
-3.2
-28.2
-17.0 -20.3 -16.2
-3.0
.7

1989

1989

III

4,840.2 5,163.2 5,141.4 5,201.4 5,246.5 5333.8 5,411.7 5,479.6

Gross domestic product

Households and institutions
Private households
Nonprofit institutions

III

1990

II
Gross national product
Gross domestic product
Business
Nonfarm
Nonfarm less housing
Housing
Statistical discrepancy

III

1990

IV

I

II

III

4,016.9 4,117.7 4,112.2 4,129.7 4,133.2 4,150.6 4,155.1 4,173.6
3,988.6 4,087.6 4,085.8 4,100.1 4,099.5 4,118.2 4,130.6 4,147.0
3,473.9 3,557.9 3,557.9 3,567.9 3,564.4 3,580.0 3,587.2 3,600.2
3,422.2 3,492.9 3,496.4 3,503.5 3,487.5 3,500.3 3,510.3 3,523.0
3,133.0 3,196.0 3,200.5 3,205.3 3,187.8 3,199.1 3,208.4 3,220.5
289.2 296.9 296.0 298.2 299.7 301.2 301.8 302.4
79.4
77.4
79.1
78.8
77.9
79.3
79.7
75.3
-2.4
.6
-2.5
-2.5
-23.6 -13.8 -16.4 -13.0

187.3
9.7
177.6

203.6
10.3
193.3

200.8
10.2
190.6

206.5
10.3
196.2

210.3
10.4
199.9

215.0
10.5
204.5

221.4
10.8
210.6

229.4
10.9
218.5

Households and institutions
Private households
Nonprofit institutions

137.5
9.2
128.3

146.2
9.5
136.6

145.2
9.5
135.7

148.0
9.6
138.4

149.2
9.7
139.6

150.8
9.7
141.2

153.6
9.8
143.7

156.7
9.8
147.0

505.1
159.3
345.8

541.6
168.6
373.0

537.8
168.2
369.6

545.1
168.7
376.4

553.0
169.7
383.3

567.0
176.6
390.4

576.7
179.2
397.5

582.9
178.4
404.5

Government
Federal
State and local

377.2
126.1
251.1

383.5
126.5
257.0

382.7
126.4
256.3

384.2
126.5
257.7

385.9
126.8
259.2

387.4
127.0
260.4

389.9
128.2
261.7

390.1
127.4
262.7

33.5

37.6

32.6

37.2

42.8

41.6

31.6

34.8

28.3

30.2

26.4

29.6

33.7

32.4

24.5

26.6

Addendum:

Rest of the world
Addendum:

Gross domestic business product less
housing
3,739.5 3,978.4

Gross domestic business product less
3,176.2 3,252.6
housing

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.




SURVEY OF CURRENT BUSINESS

October 1990

Table 1.9.—Relation of Gross National Product, Net National Product, National
Income, and Personal Income

Table 1.14.—National Income by Type of Income
[Billions of dollars]

[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates

1988

1989

1989

II

III

1988

1990

IV

I

II

II
National income

Less: Capital consumption allowances
with capital consumption adjustment..
Capital consumption
allowances without capital
consumption adjustment
Less: Capital consumption
adjustment

514.3

554.4

543.0

567.5

572.5

567.0

571.1

578.7

535.1

541.9

539.0

544.6

544.3

538.6

539.3

540.7

20.8

-12.6

-3.9

-22.9

-28.2

-28.4

-31.8

-38.0

4,359.4 4,646.4 4,631.1 4,671.1 4,716.8 4308.4 4,872.2 4,935.7

Equals: Net national product
Less: Indirect business tax and nontax
liability
Business transfer payments
Statistical discrepancy

388.7
30.3
-28.2

414.0
32.4
-17.0

411.1
32.1
-20.3

419.9
32.7
-16.2

421.5
33.4
-3.0

431.7
34.1
.7

433.0
34.7
-3.2

444.7
35.4

Plus: Subsidies less current surplus of
government enterprises

16.2

6.3

8.5

-2.6

2.2

8.4

3.6

-7.5

3,984.9 4,223.3 4,216.8 4,232.1 4,267.1 4350.3 4,4113

Equals: National income
Less: Corporate profits with inventory
valuation and capital consumption
adjustments
Net interest
Contributions for social
insurance
Wage accruals less
disbursements
Plus: Government transfer payments to
persons
Personal interest income
Personal dividend income
Business transfer payments

337.6
371.8

311.6
445.1

321.4
443.4

306.7
456.2

290.9
461.7

296.8
463.6

306^6
466.2

468.9

442.6

476.8

474.6

479.1

484.2

498.9

503.9

511.3

0

0

0

0

0

0

0

557.4
547.9
102.2
30.3

604.5
643.2
114.4
32.4

598.1
642.1
113.2
32.1

609.1
655.2
115.7
32.7

622.5
664.9
118.2
33.4

646.8
670.5
120.5
34.1

652.0
678.0
122.9
34.7

Compensation of employees
Wages and salaries
Government and government
enterprises
Other
Supplements to wages and salaries
Employer contributions for social
insurance
Other labor income
Proprietors' income with inventory
valuation and capital consumption
adjustments
,
Proprietors' income with
inventory valuation adjustment....
Capital consumption adjustment
Nonfarm
Proprietors' income
Inventory valuation adjustment
Capital consumption adjustment

Equals: Net national product
Less: Indirect business tax and nontax
liability plus business transfer
payments less subsidies plus current
surplus of government enterprises
Statistical discrepancy

506.0

496.9

515.6

519.8

512.5

516.5

327.9

333.4

331.2

334.8

335.9

334.3

332.5

-13.8

-16.4

-13.0

-2.4

.6

-2.5

..

Equals: Gross domestic purchases
Plus: Command-basis net exports of
goods and services
Command-basis exports '
Imports
« .
Equals: Command-basis gross
national product

-54 1
5933
6474

-533
5932
646.5

-64 1
5925
656.6

-479
611 6
659.4

-354
628 1
6635

-446
6201
6647

-444
603.1
6474

-48.7
597.7
6465

-48.1
608.5
6566

-343
625.1
6594

-28 8
634.7
6635

-242
640.5
6647

101 6

1008

1027

1022

101 1

1033

536.1

542.8

276.0
252.8

279.7
256.4

282.7
260.0

354.2

379.3

379.6

368.1

381.7

404.0

401.7

398.0

43.7

48.6

50.5

38.7

45.7

57.4

51.0

42.8

51.2
-7,5

56.3
-7.7

58.1
-7.6

46.7
-8.0

53.4
-7.7

65.1
-7.7

58.5
-7.6

50.4
-7.5

310.5
274.7
-1.4
37.2

330.7
29819
-1.0
32.8

329.1
296.1
-.5
33.6

329.5
298.9
-1.3
31.9

336.0
306.7
-1.1
30.4

346.6
317.1
-.9
30.3

350.8
320.7
-.2
30.2

355.2
328.7
-3.4
29.8

5.5

4.3

7.6

60.2
-54.6

58.8
-54.5

62.5
-55.0

660.7
686.4
124.9
35.4

Corporate profits with inventory
valuation and capital consumption
adjustments

337.6

311.6

321.4

306.7

290.9

296.8

306.6

522.5

336.5

-525
6220
674.5

-46.7
627.8
674,5

1009

1. Exports of goods and services deflated by the implicit price deflator for imports of goods and services.
2. Ratio of the implicit price deflator for exports of goods and services to the implicit price deflator for
imports of goods and services with the decimal point shifted two places to the right.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.




528.8

268.4
247.5

4.1

4,020.5 4,127.4 4,116.7 4,145.8 4,146.8 4,157.2 4,175.5 4,179.4

1007

515.9

265.1
243.5

63.0
-58.9

Addendum:
Terms of trade 2

508.6

262.6
239.9

5.8

4,092.8 4,171.8 4,165.4 4,193.9 4,181.1 4,185.9 4,199.7 4,226.1

-723
538.3
6106

502.6

263.9
241.9

66.6
-60.8

. 4,016 9 4,117.7 4,112.2 4,129.7 4,133.2 4,150 6 4,155.1 4,173.6

-759
5347
6106

505.8

248.5
225.5

9.7

[Billions of 1982 dollars]

Less: Net exports of goods and
services
Exports
Imports

474.0

62.3
-52.6

Table 1.11.—Command-Basis Gross National Product in Constant Dollars

Gross national product

446.6 476.6 473.2 479.9 486.7 497.1 505.7 511.3
1,984.5 2,096.6 2,086.9 2,106.7 2,126.0 2,154.5 2,190.6 2,222.0

8.2

3,232.9 3,292.1 3300.5 3,292.4 3,280.0 3303.2 3308.6

Equals: National income

2,431.1 2,573.2 2,560.0 2,586.6 2,612.7 2,651.6 2,696.3 2,733.3

64.1
-55.8

3,537.2 3,611.7 3,615.3 3,614.2 3,613.4 3,638.0 3,638.6 3,651.1

-23.6

2,905.1 3,079.0 3,062.6 3,095.2 3,128.6 3,180.4 3,232.5 3,276.1

16.3

4,016.9 4,117.7 4,112.2 4,129.7 4,133.2 4,150.6 4,155.1 4,173.6
479.7

34)84.9 4,2233 4,216.8 4,232.1 4,267.1 4,350.3 4,411.3

66.1
-49.8

Corporate profits with inventory
valuation adjustment

289.8

286.1

291.5

285.3

275.3

285.5

298.8

Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits

316.7
136.2
180.5
110.0
70.5

307.7
135.1
172.6
123.5
49.1

314.6
140.8
173.8
122.1
51.7

291.4
127.8
163.6
125.0
38.6

289.8
123.5
166.3
127.7
38.6

296.9
129.9
167.1
130.3
36.8

299.3
133.1
166.1
133.0
33.2

Inventory valuation adjustment

-27.0

-21.7

-23.1

-6.1

-14.5

Capital consumption adjustment
Less: Capital consumption allowances
with capital consumption adjustment ..

III

Rental income of persons
.,
Capital consumption adjustment

[Billions of 1982 dollars]
„

II

I

0

Table 1.10.—Relation of Gross National Product, Net National Product, and
National Income in Constant Dollars

Gross national product

IV

Rental income of persons with
capital consumption adjustment

4,070.8 4,3843 4362.9 4,402.8 4,469.2 4,562.8 4,622.2 4,677.7

Equals: Persona! income .

III

III

4,873.7 5,200,8 5,174.0 5,238.6 5,2893 5375.4 5,4433 5,514.4

Gross national product

1990

1989

1989

Net interest

135.1

-11.4

-.5

47.8

25.5

29.9

21.4

15.6

11.3

7.7

2.3

371.8

445.1

443.4

456.2

461.7

463.6

466.2

468.9

201.4

176.5

180.6

178.9

167.5

167.0

173.4

413.5

399.4

399.6

405.5

396.3

393.4

400.2

91.4

53.0

58.5

53.9

39.8

36.7

40.5

-30.6

Addenda:
Corporate profits after tax with
inventory valuation and capital
consumption adjustments
Net cash flow with inventory
valuation and capital
consumption adjustments
Undistributed profits with
inventory valuation and
capital consumption
adjustments
Capital consumption allowances
with capital consumption
adjustment
Less: Inventory valuation
adjustment
Equals: Net cash flow

322.1

346.4

341.1

351.6

356.5

356.7

359.7

365.2

-27.0
440.4

-21.7
421.1

-23.1
422.7

-6.1
411.6

-14.5
410.8

-11.4
404.9

-.5
400.6

-30.6

8

SURVEY OF CURRENT BUSINESS

Table 1.16.—Gross Domestic Product of Corporate Business in Current Dollars
and Gross Domestic Product of Nonfinancial Corporate Business in Current
and Constant Dollars

October 1990

Table 1.17.—Auto Output
[Billions of dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1988

1989

HI

IV

I

II

Auto output

Capital consumption allowances with
capital consumption adjustment
Net domestic product
Indirect business tax and nontax
liability plus business transfer
payments less subsidies'
Domestic income
Compensation of employees
Wages and salaries
Supplements to wages and
salaries
Corporate profits with inventory
valuation and capital
consumption adjustments
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment....
Capital consumption adjustment..
Net interest
. .. .
Gross domestic product of
financial corporate business..
Gross domestic product of
nonfinancial corporate
business
Capital consumption allowances with
capital consumption adjustment
Net domestic product
Indirect business tax and nontax
liability plus business transfer
payments less subsidies
Domestic income
Compensation of employees
Wages and salaries
Supplements to wages and
salaries
Corporate profits with inventory
valuation and capital
consumption adjustments
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment....
Capital consumption adjustment..
Net interest

2,930.2 3,086.4 3,083.6 3,110.0 3,109.5 3,136.3 3,206.0
322.1

346.4

341.1

351.6

356.5

356.7

359.7

1990

1989

n

HI

IV

I

II

in

III

Billions of dollars
Gross domestic product of
corporate business

1989

1990

1989

II

1988

365.2

2,608.0 2,739.9 2,742.5 2,758.4 2,753.0 2,779.5 2,846.3
293.0 299.9 299.9 307.3 307.6 317.5
278.0 295.1
2,330.0 2,444.9 2,449.5 2,458.5 2,453.1 2,472.3 2,538.7
1,953.2 2,058.1 2,050.8 2,066.0 2,080.6 2,090.1 2,140.3 2,166.8
1,644.9 1,731.5 1,725.3 1,738.0 1,750.3 1,758.1 1,800.4 1,823.1

Final sales
Personal consumption expenditures
New autos
Net purchases of used autos
Producers' durable equipment
New autos
Net purchases of used autos
Net exports of goods and services
Exports
Imports
Government purchases of goods and
services
Change in business inventories of
new and used autos

New
308.3

326.7

325.6

328.0

330.3

332.0

339.8

294.3
273.4
136.2
137.2
81.2
56.0
-27.0
47.8
82.5

260.7
256.9
135.1
121.8
104.3
17.5
-21.7
25.5
126.0

274.8
268.0
140.8
127.3
100.9
26.4
-23.1
29.9
123.8

257.5
242.1
127.8
114.3
104.9
9.4
-6.1
21.4
135.0

234.0
232.9
123.5
109.4
100.4
9.0
-14.5
15.6
138.5

243.9
244.0
129.9
114.1
115.6
-1.4
-11.4
11.3
138.3

257.6
250.3
133.1
117.2 .............
109.4
7.8
-.5 -30.6
7.7
2.3
140.8
140.5

209.5

231.9

236.0

230.9

231.0

228.8

246.0

343.7

Used

.

127.6

131.3

130.7

132.5

128.2

120.3

128.9

140.4

126.6
142.0
101.1
40.9
21.1
51.1
-30.1
-38.0
9.0
47.1

128.9
141.4
99.7
41.6
20.3
50.1
-29.8
-34.4
10.0
44.5

132.4
143.4
100.0
43.4
21.0
53.8
-32.7
-33.8
9.2
43.0

137.8
149.5
109.1
40.5
21.1
52.3
-31.2
-34.4
9.4
43.8

123.0
133.9
90.1
43.8
18.6
46.7
-28.1
-30.9
11.2
42.1

135.0
145.3
102.6
42.7
22.3
50.0
-27.8
-34.6
10.9
45.5

133.8
140.2
97.6
42.6
24.2
52.2
-28.0
-32.4
11.4
43.8

134.0
142.9
101.6
41.3
25.7
54.0
-28.2
-36.1
11.7
47.8

1.6

1.6

1.8

1.5

1.4

1.9

1.7

1.5

.9
.1
.8

2.4
1.6
.8

-1.7
-2.9
1.2

-5.3
-8.3
3.1

5.1
6.6
-1.4

-4.9
-3.8

6.4
5.7
.7

101.8
60.5

105.2
57.6

107.0
58.9

103.4
60.7

100.2
54.8

103.4
59.1

113.1
59.4

-14.6
-14.6
0

Addenda:
Domestic output of new autos '
Sales of imported new autos *

92.5
58.1

1. Consists of final sales and change in business inventories of new autos assembled in the United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and government
purchases.

Table 1.18.—Auto Output in Constant Dollars
[Billions of 1982 dollars]
Seasonally adjusted at annual rates

2,720.7 2,854.5 2,847.5 2,879.1 2,878.5 2,907.5 2,960.0

1988
297.6

317.8

313.0

322.3

326.4

326.1

329.1

1989

333.1

1990

1989

II

III

IV

I

II

III

2,423.1 2,536.7 2,534.6 2,556.7 2,552.2 2,581.3 2,630.9
Auto output
257.5 272.9 271.1 277.4 277.1 283.9 284.2 293.5
2,165.6 2,263.8 2,263.5 2,279.4 2,275.1 2,297.4 2,346.8
1,801.6 1,902.3 1,895.3 1,910.0 1,924.4 1,946.2 1,982.1 '^ob'S
1,515.9 1,599.4 1,593.4 1,605.8 1,618.1 1,636.3 1,666.2 1,684.9
285.7

302.9

301.9

304.2

306.3

310.0

315.9

266.0
251.1
102.2
148.9
80.8
68.1
-27.0
41.8
98.0

241.0
241.5
101.4
140,1
104.8
35.2
-21.7
21.2
120.5

248.6
246.4
101.6
144.9
101.3
43.6
-23.1
25.3
119.6

244.4
233.0
99.6
133.4
106.6
26.8
-6.1
17.5
125.0

223.8
226.0
96.6
129.3
104.1
25.2
-14.5
12.3
126.9

224.5
227.9
95.3
132.6
118.5
14.1
-11.4
8.1
126.6

235.8
232.2
97.5
134.7
112.3 ""l2o!2
22.4
-.5 -3a6
4.1
-.3
128.9
128.6

319.0

Final sales
Personal consumption expenditures
New autos
Net purchases of used autos
Producers' durable equipment
New autos
Net purchases of used autos
Net exports of goods and services
Exports
Imports
Government purchases of goods and
services
Change in business inventories of
new and used autos
New
Used

,

109.9

110.4

110.3

111.4

106.3

99.0

107.3

116.4

109.5
117.7
84.4
33.3
18.1
42.6
-24.5
-27.6
7.4
35.0

109.0
115.1
81.5
33.6
17.2
41.0
-23.8
-24.7
7.9
32.6

111.5
116.6
81.6
35.0
17.8
43.9
-26.1
-24.4
7.3
31.7

116.6
122.2
89.7
32.5
18.0
43.0
-25.0
-24.9
7.3
32.2

103.4
108.6
73.3
35.2
15.3
38.0
-22.6
-21.8
8.8
30.6

111.7
117.0
82.3
34.7
17.6
40.1
-22.6
-24.5
8.4
32.9

110.8
113.8
78.8
35.0
19.1
42.2
-23.1
-23.5
8.8
32.3

111.6
115.9
82.4
33.5
20.7
43.8
-23.1
-26.3
8.9
35.2

1.4

1.4

1.5

1.4

1.2

1.6

1.5

1.3

.4
-.3
.6

1.4
.7
.6

-1.1
-2.0
.9

-5.2
-7.7
2.5

2.9
4.1
-1.2

-3.5
-2.5
-.9

4.8
4.2
.6

84.8
50.5

85.1
47.1

86.6
48.1

83.9
49.9

80.3
44.6

82.7
47.7

90.9
48.2

-12.7
-12.7
0

Addenda:
Billions of 1982 dollars
Gross domestic product of
nonfinancial corporate
business

72.9
46.6

1. Consists of final sales and change in business inventories of new autos assembled in the United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and government

2,403.7 2,431.2 2,431.3 2,443.9 2,421.8 2,423.1 2,440.1

Capital consumption allowances with
capital consumption adjustment
294.0 296.9 294.6 296.9
279.1
290.7 287.1
Net domestic product
. ... 2,124.6 2,140.5 2,144.2 2,149.9 2,125.0 2,128.5 2,143.1
Indirect business tax and nontax
liability plus business transfer
212.4
payments less subsidies
211.9
209.9 213.3
214.5 214.7 213.5
Domestic income
1,914.7 1,927.3 1,932.4 1,935.4 1,910.3 1,915.0 1,930.7




Domestic output of new autos '
Sales of imported new autos 2

299.1

215.2

9

SURVEY OF CURRENT BUSINESS

October 1990

Table 1.19.—Truck Output

Table 1.20.—Truck Output in Constant Dollars

[Billions of dollars]

[Billions of 1982 dollars]
Seasonally adjusted at annual rates

1988

Truck output

l

Final sales
..
Personal consumption expenditures
Producers' durable equipment
Net exports of goods and services
Exports
Imports
Government purchases of goods and
services

1989

1989

II

III

Seasonally adjusted at annual rates

1990

IV

I

1988

III

II

69.4

69.6

74.8

66.4

63.1

60.8

69.6

65.4

68.6
32.8
36.5
-6.6
3.6
10.2

72.0
32.6
38.4
-6.3
3.4
9.7

71.1
35.0
36.7
-6.5
3.4
10.0

62.1
30.8
33.6
-6.8
3.7
10.5

67.4
32.7
35.0
-5.4
3.4
8.7

65.4
30.2
34.1
-5.3
4.3
9.5

65.9
31.6
35.7
-6.9
3.6
10.5

5.7

5.8

7.4

6.0

4.5

5.2

6.4

5.6

Final sales
Personal consumption expenditures
Producers' durable equipment
Net exports of goods and services
Exports...
Imports
Government purchases of goods and
services

.4

1.0

2.9

-4.7

1.1

-6.6

4.2

-£

Change in business inventories

1. Includes new trucks only.

Truck output '

1990

1989

III

II

69.0
31.1
38.3
-6.1
3.9
10.0

Change in business inventories

1989

IV

I

II

HI

58.4

56.5

60.9

54.3

50.6

48.8

55.8

52.0

58.1
26.1
32.3
-5.1
3.3
8.4

55.7
26.8
29.7
-5.4
2.9
8.3

58.7
26.7
31.3
-5.2
2.8
7.9

57.9
28.5
29.9
-5.3
2.8
8.1

49.8
24.9
26.9
-5.5
3.0
8.5

54.0
25.9
28.2
-4.3
2.7
7.0

52.4
23.7
27.7
-4.2
3.5
7.7

52.4
24.8
28.6
-5.5
2.9
8.4

4.8

4.7

6.0

4.9

3.6

4.2

5.2

4.5

.3

.7

2.2

-3.6

.7

-5.2

3.3

-.4

1. Includes new trucks only.

Table 2.1.—Personal Income and Its Disposition

Table 2.2.—Personal Consumption Expenditures by Major Type of Product

[Billions of dollars]

[Billions of dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1988

1989

1989

II
Personal income
Wage and salary disbursements
Commodity-producing industries
Manufacturing
Distributive industries
,
Service industries
Government and government
enterprises

III

1990

IV

I

II

1988

II

III

4,070.8 4,384.3 4,362.9 4,402.8 4,469.2 4,562.8 4,622.2 4,677.7
2,431.1 2,573.2 2,560.0 2,586.6 2,612.7 2,651.6 2,696.3 2,733.3
696.4
524.0
572.0
716.2

720.6
541.8
604.7
771.4

719.3
541.4
602.6
764.9

722.3
543.2
607.1
777.4

721.4
540.9
614.6
790.0

724.6
541.2
627.0
802.9

731.1
548.1
637.3
822.2

735.1
551.2
642.4
844.6

446.6

476.6

473.2

479.9

486.7

497.1

505.7

511.3

Other labor income

225.5

241.9

239.9

243.5

247.5

252.8

256.4

260.0

Proprietors' income with
inventory valuation and capital
consumption adjustments

354.2

379.3

379.6

368.1

381.7

404.0

401.7

398.0

43.7
310.5

48.6
330.7

50.5
329.1

38.7
329.5

45.7
336.0

57.4
346.6

51.0
350.8

42.8
355.2

Farm
Nonfarm
Rental income of persons with
capital consumption adjustment...
Personal dividend income
Personal interest income
Transfer payments
Old-age, survivors, disability, and
health insurance benefits
Government unemployment
insurance benefits
Veterans benefits
Government employees retirement
benefits
Other transfer payments
Aid to families with dependent
children
Other . . . .
Less: Personal contributions for
social insurance
Less: Personal tax and nontax
payments

Personal consumption
expenditures '
Durable goods
Motor vehicles and parts
Furniture and household equipment ....
Other
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Other nondurable goods
Fuel oil and coal
Other
Services '
Housing
Household operation
Electricity and gas
Other
,
Transoortation
Medical care
Other '

Personal consumption expenditures
Interest paid by consumers to
business
Personal transfer payments to
foreigners (net)
Equals: Personal saving

I

II

III

457.5

474.6

473.6

487.1

471.2

492.1

478.4

483.1

212.2
161.8
83.5

215.5
171.4
87.8

216.2
170.7
86.7

226.9
171.5
88.7

207.5
173.0
90.7

221.1
178.9
92.0

212.4
176.8
89.3

216.8
175.9
90.3

1,060.0 1,130.0 1,127.1 1,137.3 1,148.8 1,174.7 1,179.0 1,202.8
562.6
191.1
77.3
229.1
17.2
211.9

595.3
204.6
83.8
246.3
17.7
228.7

597.6
206.9
84.5
248.3
17.4
230.9

592.5
203.4
88.2
243.0
17.0
226.0

602.2
208.7
83.5
254.4
20.1
234.3

616.4
212.9
87.1
258.2
17.7
240.5

623.3
212.6
84.5
258.6
17.4
241.2

627.9
215.8
95.4
263.6
19.4
244.2

1,720.7 1,845.5 1325.1 1,859.8 1,898.5 1,921.3 1,965.3 2,014.7
502.3
197.4
93.6
103.8
118.0
398.4
504.4

533.9
206.3
97.7
108.6
126.4
434.3
544.5

538.2
205.7
97.2
108.5
127.4
435.6
552.8

527.8
202.6
95.1
107.6
125.2
428.7
540.9

549.5
214.2
103.0
111.2
128.8
450.6
555.4

556.3
205.2
92.5
112.7
132.3
462.6
564.9

563.6
211.9
97.5
114.4
135.2
475.8
578.9

575.7
216.9
100.1
116.8
137.5
493.1
591.4

8.2
114.4
643.2
636.9

9.7
113.2
642.1
630.2

5.8
115.7
655.2
641.8

4.1
118.2
664.9
655.9

5.5
120.5
670.5
680.9

43
122.9
678.0
686.7

7.6
124.9
686.4
696.0

300.5

325.3

321.9

328.3

334.1

347.2

347.6

350.2

13.4
16.9

14.7
17.3

14.3
17.3

14.9
17.3

15.5
17.3

16.3
17.9

17.3
17.9

18.4
17.9

84.0
172.9

90.1
189.5

89.5
187.2

90.4
190.9

92.0
197.1

96.1
203.4

96.0
207.8

97.4
212.1

Table 2.3.—Personal Consumption Expenditures by Major Type of Product in
Constant Dollars

17.3
155.6

18.0
171.6

17.7
169.5

18.0
172.8

18.5
178.6

19.1
184.2

19.6
188.2

19.6
192.5

[Billions of 1982 dollars]

194.1

212.8

212.0

214.0

215.8

222.9

224.1

228.6

1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.

Seasonally adjusted at annual rates

1988
591.6

658.8

665.5

659.5

669.6

675.1

696.5

3,333.6 3,553.7 3,528.5 3,588.8 3,625.5 3,696.4 3,730.6 3,809.2
3,238.2 3,450.1 3,425.9 3,484.3 3,518.5 3,588.1 3,622.7 3,700.6

n

93.6

102.2

101.0

103.4

105.7

107.4

107.5

107.9

1.9

1.4

1.6

1.2

1.2

.9

.4

.7

145.6

171.8

168.9

154.5

174.1

191.3

195.1

159.4

4.2

4.6

4.6

4.1

4.6

4.9

5.0

4.0

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

Personal consumption
expenditures '
Durable goods
Motor vehicles and parts
Furniture and household equipment ....
Other.
Nondurable goods
Food
Clothing and shoes
Gasoline and oil . .
Other nondurable goods
Fuel oil and coal
Other
Services *
Housing
Household operation
Electricity and gas
Other
Transportation
Medical care
Other '

1990

1989

1989

709.0

Disposable personal income:
Total, billions of 1982 dollars
2,800.5 2,869.0 2,854.9 2,874.3 2,883.2 2,900.9 2,902.8 2,898.4
Per capita:
Current dollars
14,123 14,973 14,883 15,026 15,210 15,527 15,639 15,762
1982 dollars
11,368 11,531 11,492 11,538 11,541 11,586 11,564 11,511
Population (mid-period, millions).... 246.4 248.8 248.4 249.1 249.8 250.4 251.0 251.8




1990

IV

16.3
102.2
547.9
587.7

Addenda:

Personal saving as percentage of
disposable personal income

III

3,238.2 3,450.1 3,425.9 3,484.3 3,518.5 3,588.1 3,622.7 3,700.6

Equals: Disposable personal income.... 3,479.2 3,725.5 3,697.3 3,743.4 3,799.6 3,887.7 3,925J 3,968.6
Less: Personal outlays.....

1989

1989

III

IV

I

II

III

2,606.5 2,656.8 2,645.3 2,675.3 2,669.9 2,677.3 2,678.8 2,702.7
418.2

428.0

428.2

438.1

423.1

437.6

426.8

430.0

182.1
165.0
71.0

181.4
175.0
71.6

181.8
175.5
71.0

191.1
175.0
72.0

174.1
175.7
73.2

183.9
181.4
72.3

177.8
180.0
69.0

181.2
179.3
69.5

909.4

919.9

914.6

923.4

923.0

915.6

911.2

915.0

462.2
165.0
97.4
184.9
22.4
162.5

462.9
172.7
96.7
187.7
21.9
165.7

461.9
170.8
95.7
186.2
21.4
164.9

463.0
176.6
95.5
188.2
21.8
166.4

460.3
175.1
97.5
190.0
23.8
166.3

457.4
174.2
96.2
187.7
18.6
169.1

459.3
171.3
93.9
186.8
20.4
166.4

457.9
174.4
95.7
186.9
20.8
166.1

1,278.9 1,309.0 1,302.5 1313.8 1,323.8 1,324.2 1,340.8 1,357.7
366.0
164.1
82.8
81.3
94.3
279.3
375.3

372.1
167.6
84.1
83.4
96.9
286.1
386.4

371.1
164.7
81.9
82.7
96.2
284.7
385.8

373.0
167.7
84.3
83.4
97.5
285.7
390.0

1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.

375.2
172.7
87.7
85.0
98.4
289.3
388.3

376.3
162.8
77.7
85.1
98.8
294.7
391.7

376.9
168.5
82.4
86.0
99.7
299.3
396.4

377.1
173.7
86.0
87.7
100.8
305.4
400.7

10

SURVEY OF CURRENT BUSINESS

October 1990

Table 3.2.—Federal Government Receipts and Expenditures

Table 3.3.—State and Local Government Receipts and Expenditures

[Billions of dollars]

[Billions of dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1988

1989

1989

in

II
Receipts

1990

IV

I

II

1988

972.4 1,052.9 1,062.2 1,048.1 1,055.7 1,080.6 1,105.8
415.1
405.7
7.9
1.6

464.0
453.1
9.0
1.8

470.9
459.1
9.9
1.8

462.2
451.7
8.6
1.9

469.6
458.5
9.2
1.9

473.6
462.1
9.6
2.0

492.1
474.3
15.7
2.0

Corporate profits tax accruals
Federal Reserve banks. ..
Other...... . .

110.5
17.4
93.2

110.4
21.6
88.8

115.0
22.1
92.9

104.7
21.5
83.2

101.3
21.8
79.5

106.5
21.8
84.8

109.2
22.1
87.1

57.0
34.4
16.4
6.1

58.4
34.1
17.5
6.8

58.0
34.1
17.2
6.6

59.3
34.0
17.7
7.5

58.7
33.9
18.0
6.8

60.6
35.8
17.6
7.2

60.5
36.5
17.3
6.7

61.1
36.7
17.7
6.7

389.8

420.1

418.4

421.9

426.1

439.9

444.0

450.6

Contributions for social insurance

499.7
486.9
10.8
2.0

1,114.2 1,1872 1,184.9 1,179.8 1,205.8 1,248.8 1,271.7 1,271.2

Expenditures

III

IV

I

in

II

697.6

749.9

746.7

755.7

764.6

783.6

792.2

176.5

194.8

194.6

197.2

200.0

201.5

204.4

209.4

90.1
71.6
14.7

101.7
77.6
15.6

102.4
76.8
15.4

103.3
78.3
15.7

104.2
79.8
15.9

104.0
81.3
16.2

105.0
83.0
16.5

108.0
84.7
16.7

Corporate profits tax accruals....;

25.7

24.7

25.8

23.1

22.1

23.3

23.9

Indirect business tax and nontax
accruals

331.7

355.6

353.1

360.6

362.8

371.2

372.5

383.7

160.7
127.9
43.1

170.9
139.9
44.7

169.8
138.7
44.6

173.3
141.6
45.7

173.8
144.0
45.1

178.5
146.4
46.3

177.5
148.8
46.3

184.0
151.4
48.2

Receipts

Personal tax and nontax receipts
Income taxes
Estate and gift taxes
Nontaxes

Indirect business tax and nontax
accruals
Excise taxes
Customs duties
Nontaxes

n

III

1990

1989

1989

Personal tax and nontax receipts
Income taxes
Nontaxes
Other

.

Sales taxes
ProDertv taxes

oC_rr;zzrrrz

Contributions for social insurance
Federal grants-in-aid.....
Expenditures

52.7

56.7

56.2

57.1

58.1

59.0

59.9

60.7

111.1

118.2

117.0

117.6

121.5

128.5

131.5

131.7

651.1

703.5

696.5

707.6

726.1

745.5

753.6

7702

582.3

625.6

620.2

628.6

643.4

659.6

664.6

678.0

345.8
236.5

373.0
252.6

369.6
250.6

376.4
252.2

383.3
260.1

390.4
269.1

397.5
267.1

404.5
273.5

Purchases of goods and services
National defense
Nondefense.

380.3
297.2
83.1

400.0
301.1
98.9

402.5
300.6
101.9

399.2
306.3
93.0

399.9
299.2
100.7

410.6
307.2
103.4

421.9
309.6
112.3

425.4
311.1
114.3

Purchases of goods and services

Transfer payments
To persons
To foreigners

438.9
425.7
13.1

471.9
458.6
13.4

464.7
454.2
10.5

474.4
461.5
13.0

487.9
470.5
17.3

503.4
490.3
13.1

510.4
491.4
18.9

510.0
496.1
13.9

Transfer payments to persons

131.6

145.9

143.9

147.7

152.0

156.5

160.6

164.6

Net interest paid

-38.5

-40.2

-39.9

-^0.3

-40.7

-41.0

-41.4

-41.8

Grants-in-aid to State and local
governments

111.1

118.2

117.0

117.6

121.5

128.5

131.5

131.7

Net interest paid
Interest paid .
To persons and business
To foreigners

151.3
173.8
143.6
30.2

172.0
191.7
155.7
36.0

173.4
191.8
156.1
35.7

172.1
193.2
157.0
36.2

175.2
194.8
157.7
37.1

178.1
198.6
161.0
37.6

184.3
203.0
164.3
38.7

191.1
210.4
170.6
39.7

Less: Interest received by
government
..
Subsidies less current surplus of
government enterprises
Subsidies
Less: Current surplus of government
enterprises .
Less: Wage accruals less
disbursements
....

22.5

19.6

18.5

21.1

19.6

20.5

18.7

19.3

32.7
29.9

25.0
27.9

27.3
28.2

16.5
19.2

21.3
27.6

28.3
32.4

23.8
25.6

12.9
17.3

-2.8

2.8

.9

2.8

6.2

4.2

1.9

4.4

0

0

0

0

0

0

0

0

Surplus or deficit (-), national
income and product accounts ... -141.7 -134.3 -122.7 -131.7 -150.1 -168.3 -166.0

53.0
63.8
65.2
62.3
59.3
64.0
63.7
-1947 -198 1 -1879 -1954 -2124 -2275 -2300

Social insurance funds
Other

67.6

Compensation of employees
Other .

,

Interest paid
Less: Interest received by
government

55.3

59.1

58.6

59.5

60.5

61.5

62.5

63.6

,

93.8

99.3

98.5

99.8

101.2

102.5

103.9

105.3

Less: Dividends received by
government

,

7.8

9.1

8.9

9.3

9.5

9.7

10.0

10.2

-20.1

-20.4

Subsidies less current surplus of
government enterprises

-16.5

Subsidies
Less: Current surplus of government
enterprises
Less: Wage accruals less
disbursements
Surplus or deficit (-), national
income and product
accounts
Social insurance funds
Other

-18.8

-19.1

-18.8

-19.2

-19.8

.7

.7

.7

.7

.8

.8

.8

.8

17.2

19.5

19.6

19.8

19.9

20.6

20.9

21.2

0

0

0

0

0

0

0

0

46.5

46.4

50.3

48.1

38.5

38.1

38.6

62.9
-16.4

66.4
-19.9

65.9
-15.6

66.8
-18.7

67.6
-29.1

68.3
-30.2

69.1
-30.4

Table 3.7B.—Government Purchases of Goods and Services by Type

Table 3.8B.—Government Purchases of Goods and Services by Type in
Constant Dollars

[Billions of dollars]

[Billions of 1982 dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1988

1989

1989

II
Government purchases of
goods and services
Federal
National defense
Durable goods
Nondurable goods
Services
.
Compensation of employees
Military
Civilian....
Other services
Structures.
Nondefense
Durable goods
Nondurable goods
Commodity Credit Corporation
Other nondurables
Services
.
Compensation of employees
Other services
Structures
State and local .
Durable goods

...

Services
•.
Compensation of employees
Other services
Structures . .




HI

1988

1990

IV

I

II

69.8

1989

962.5 1,025.6 1,022.7 1,027.8 1,043.3 1,070.1 1,086.4 1,103.4

1989

n

III
Government purchases of
goods and services

380.3

400.0

402.5

399.2

399.9

410.6

421.9

425.4

297.2
83.0
10.1
197.0
113.1
75.7
37.4
83.9
7.1

301.1
80.9
10.4
203.3
119.0
78.8
40.2
84.3
6.4

300.6
81.1
10.9
202.3
118.6
78.8
39.8
83.7
6.3

306.3
83.2
10.4
205.9
118.9
78.8
40.1
87.0
6.8

299.2
77.3
10.7
204.9
120.0
79.0
41.0
84.9
6.3

307.2
78.6
10.0
212.3
123.5
82.1
41.4
88.8
6.2

309.6
81.7
11.6
209.6
124.0
82.2
41.8
85.6
6.7

311.1
84.0
12.2
207.9
124.4
82.5
41.9
83.5
7.0

National defense
Durable goods
Nondurable goods
Services
Compensation of employees
Military
Civilian
Other services
Structures

83.1
4.5
-8.3

98.9
5.3
1.4

101.9
5.5
3.5

93.0
5.1
-4.1

100.7
5.4
2.8

103.4
5.4
0

112.3
5.6
5.6

114.3
5.9
7.4

-15.6
7.3
80.0
46.3
33.7
6.9

-5.3
6.7
85.1
49.5
35.6
7.0

-3.3
6.7
86.0
49.6
36.4
7.0

-10.6
6.6
84.9
49.8
35.0
7.1

-3.4
6.1
85.3
49.7
35.6
7.3

-6.8
6.8
89.9
53.1
36.8
8.1

-1.9
7.5
92.8
55.2
37.6
8.3

0
7.4
92.7
54.1
38.7
8.2

Nondefense
Durable goods
Nondurable goods
Commodity Credit Corporation
inventory change
,
Other nondurables

582.3

625.6

620.2

628.6

643.4

659.6

664.6

678.0

27.6
45.6
439.1
345.8
93.3
70.0

30.5
49.9
472.4
373.0
99.4
72.9

30.1
49.9
468.3
369.6
98.7
71.9

30.7
49.9
476.2
376.4
99.8
71.7

31.5
51.2
484.8
383.3
101.5
75.9

32.1
52.3
494.2
390.4
103.8
81.0

32.7
51.5
502.3
397.5
104.8
78.0

33.4
54.1
510.6
404.5
106.1
79.8

Federal

Compensation of employees
Other services
Structures

,

,

State and local
Durable goods..
Nondurable goods
Services
Compensation of employees
Other services
Structures
,

-..

1990

III

IV

I

II

HI

780.5

798.1

801.0

796.2

802.2

807.9

820.2

822.8

328.1

334.9

339.9

333.0

332.7

333.0

345.9

345.6

260.7
83.8
13.0
158.2
89.5
60.1
29.5
68.6
5.7

256.3
81.5
13.1
156.7
89.6
59.8
29.9
67.1
5.0

255.7
81.3
13.3
156.2
89.4
59.7
29.7
66.8
4.9

260.2
83.5
13.0
158.4
89.5
59.8
29.8
68.9
5.3

255.5
79.9
13.8
156.9
90.0
59.9
30.1
66.9
4.8

254.4
79.3
12.0
158.3
89.0
59.5
29.5
69.3
4.7

256.5
81.5
14.7
155.2
88.8
59.2
29.6
66.4
5.1

256.8
84.0
14.0
153.5
89.0
59.3
29.6
64.6
5.2

67.5
5.3
-8.8

78.7
5.9
1.2

84.2
6.0
5.7

72.8
5.7
-4.1

77.2
5.9
.1

78.6
6.1
-1.3

89.4
6.2
7.6

88.8
6.4
7.2

-15.6
6.8
65.0
36.6
28.5
5.9

-4.7
5.9
65.8
36.9
28.9
5.8

-.2
5.9
66.6
37.0
29.7
5.8

-9.9
5.7
65.3
37.0
28.3
5.8

-5.0
5.1
65.3
36.8
28.5
6.0

-7.0
5.7
67.3
38.1
29.2
6.5

1.1
6.5
68.9
39.4
29.5
6.7

.9
6.3
68.5
38.4
30.1
6.6

452.4

463.2

461.1

463.2

469.5

475.0

474.3

477.2

24.5
47.2
322.2
251.1
71.0
58.5

26.2
48.3
329.7
257.0
72.7
59.0

26.0
48.1
328.8
256.3
72.4
58.2

26.4
48.4
330.5
257.7
72.8
58.0

26.9
48.8
332.5
259.2
73.4
61.2

27.2
48.9
333.9
260.4
73.5
64.9

27.6
49.0
335.2
261.7
73.6
62.5

27.9
49.2
336.5
262.7
73.8
63.5

11

SURVEY OF CURRENT BUSINESS

October 1990

Table 3.10.—National Defense Purchases of Goods and Services in Constant
Dollars

Table 3.9.—National Defense Purchases of Goods and Services
[Billions of dollars]

[Billions of 1982 dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1988

1989

1989

II
National defense purchases
Durable goods
Military equipment
Aircraft
Missiles
Ships
Vehicles
Electronic equipment
Other
Other durable goods

.

Nondurable goods
Petroleum products
Ammunition
Other nondurable goods
Services

.

..

Structures
Military facilities
Other

III

IV

I

II

1988

II

301.1

300.6

306.3

299.2

307.2

309.6

311.1

83.0

80.9

81.1

83.2

77.3

78.6

81.7

84.0

72.4
29.2
12.1
8.4
4.2
6.0
12.4
10.7

71.6
26.6
13.0
9.9
3.6
6.4
12.2
9.3

71.1
25.5
13.5
9.1
3.5
6.4
13.2
10.0

73.8
25.6
13.3
10.4
3.9
7.2
13.5
9.4

68.8
27.5
12.5
10.0
3.1
6.0
9.6
8.5

70.1
24.7
14.7
10.0
3.3
7.0
10.4
8.6

73.0
25.2
14.2
10.6
3.8
5.8
13.4
8.7

75.2
25.3
15.4
10.4
3.8
5.9
14.4
8.8

Military equipment

10.1

10.4

10.9

10.4

10.7

10.0

11.6

12.2

Nondurable goods .

4.3
3.5
2.7

4.2
3.9
2.9

4.0
3.7
2.7

5.3
2.9
2.4

4.5
3.3
2.3

5.2
3.9
2.5

5.4
4.0
2.7

197.0

203.3

202.3

205.9

204.9

212.3

209.6

207.9

113.1
75.7
37.4
83.9

119.0
78.8
40.2
84.3

118.6
78.8
39.8
83.7

118.9
78.8
40.1
87.0

120.0
79.0
41.0
84.9

123.5
82.1
41.4
88.8

124.0
82.2
41.8
85.6

124.4
82.5
41.9
83.5

30.7
24.9
8.9
11.8
3.7
3.9
0

31.1
25.0
8.8
11.5
3.8
4.2
-.1

30.2
25.5
9.0
11.1
3.8
4.2
-.2

31.8
26.9
9.0
12.0
3.9
4.1
-.7

32.4
23.6
8.4
11.6
3.9
4.3
.6

33.9
24.6
9.1
12.2
4.3
4.6
.2

34.2
21.6
8.7
11.6
4.4
4.7
.4

32.9
20.2
7.4
12.1
5.3
5.2
.4

7.1

6.4

6.3

6.8

6.3

6.2

6.7

7.0

4.7
2.4

4.1
2.4

3.9
2.4

4.3
2.5

4.1
2.3

3.7
2.5

4.0
2.7

4.3
2.7

1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors
to operate installations.
2. Includes depot maintenance and contractual services for weapons systems, other than research and
development.
3. Includes compensation of foreign personnel, consulting, training, and education.

Table 4.1.—Foreign Transactions in the National Income and Product Accounts

1989

1989

III

297.2

3.7
3.9
2.5

Compensation of employees
Military. ..
Civilian
.
Other services
Contractual research and
development
Installation support '
Weapons support 2
Personnel support 3
Transportation of materiel
Travel of persons
Other .
. .

1990

National defense purchases
Durable goods

Missiles
Ships
Vehicles
Electronic equipment
Other
Other durable goods

Services..

Structures
Military facilities
Other

II

I

III

256.3

255.7

260.2

255.5

254.4

256.5

256.8

83.8

81.5

81.3

83.5

79.9

79.3

81.5

84.0

70.2
28.8
12.8
7.1
4.6
5.6
11.3
13.6

69.6
26.8
14.5
7.9
3.9
5.8
10.6
11.9

68.8
25.5
15.0
7.3
3.7
5.8
11.5
12.5

71.6
26.0
14.8
8.3
4.2
6.5
11.7
12.0

68.6
29.2
14.4
7.9
3.3
5.5
8.2
11.3

67.8
25.1
15.9
7.9
3.7
6.3
8.9
11.6

69.7
25.3
15.3
8.3
4.1
5.2
11.5
11.8

72.0
25.4
16.8
8.1
4.2
5.3
12.4
11.9

13.0

13.1

13.3

13.0

13.8

12.0

14.7

14.0

9.0
2.8
2.0

6.9
3.3
1.8

8.7
4.0
2.0

7.6
4.2
2.2

7.4
3.5
2.2

7.0
3.7
2.2

7.0
3.8
2.4

156.7

156.2

158.4

156.9

158.3

155.2

153.5

89.5
60.1
29.5
68.6

89.6
59.8
29.9
67.1

89.4
59.7
29.7
66.8

89.5
59.8
29.8
68.9

90.0
59.9
30.1
66.9

89.0
59.5
29.5
69.3

88.8
59.2
29.6
66.4

89.0
59.3
29.6
64.6

25.5
19.1
7.6
8.8
3.9
3.7
0

24.9
18.8
7.2
8.2
4.1
3.9
-.1

24.1
19.3
7.5
8.1
4.1
4.0
-.2

25.4
20.2
7,3
8.6
4.2
3.8
-.6

25.8
17.5
6.8
8.1
4.2
4.0
.5

26.7
18.0
7.3
8.6
4.6
4.0
.2

26.8
15.7
6.9
8.0
4.6
4.1
.3

25.9
14.4
5.9
8.1
5.4
4.5
.3

5.7

5.0

4.9

5,3

4.8

47

5.1

5.2

3.7
•1.9

3.1
1.9

3.0
1.9

3.3
1.9

3.0
1.8

2.8
1.9

3.0
2.1

3.2
2.1

158.2

Compensation of employees
Military
Civilian
Other services
Contractual research and
development
Installation support '
Weapons support 2
Personnel support 3
Transportation of materiel
Travel of persons
Other

IV

260.7

6.8
4.1
2.2

Petroleum products
Ammunition
.
Other nondurable goods

1990

III

1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors
to operate installations.
2. Includes depot maintenance and contractual services for weapons systems.
3. Includes compensation of foreign personnel, consulting, training, and education.

Table 4.2.—Exports and Imports of Goods and Services in Constant Dollars
[Billions of 1982 dollars]

[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates

1988
1988

1989

II
Receipts from foreigners ' .........
Exports of goods and services '
Merchandise2
Durable goods 2
Nondurable goods
Services '
Factor5 income 3 4
Other
Capital grants received by the United
States (net)
.. . .
Payments to foreigners
Imports of goods and services 6
Merchandise 2
Durable goods 2
Nondurable goods
Services6
Factor income 3
Other7
Transfer payments (net)
From persons (net)
From government (net)
Interest paid by government to
foreigners
.
Net foreign investment

6

1990

1989

III

IV

I

II

552.0

626.2

628.8

623.7

642.8

661.3

659.7

662.6

552.0
324.2
208.0
116.2
227.8
118.7
109.1

626.2
369.9
240.8
129.2
256.3
135.2
121.0

628.8
373.2
241.0
132.2
255.5
137.2
118.3

623.7
367.3
241.5
125.7
256.5
134.0
122.5

642.8
378.7
247.8
130.9
264.1
137.6
126.5

661.3
394.2
258.9
135.3
267.1
134.7
132.4

659.7
395.0
263.2
131.8
264.7
130.5
134.2

662.6
395.8
262.7
133.1
266.8
131.1
135.7

0

0

0

0

0

0

0

0

552.0

626.2

628.8

623.7

642.8

661.3

659.7

662.6

626.1
450.1
295.1
155.0
175.9
85.2
90.7

672.3
480.9
309.6
171.3
191.4
97.7
93.8

680.0
482.1
308.9
173.1
198.0
104.7
93.3

673.0
483.2
309.8
173.4
189.8
96.8
93.0

678.1
488.0
310.3
177.6
190.1
94.7
95.4

691.3
497.8
306.8
191.0
193.5
93.1
100.4

684.6
484.1
307.6
176.5
200.5
98.9
101.6

711.8
513.5
321.2
192.3
198.3
96.3
102.0

15.0
1.9
13.1

14.8
1.4
13.4

12.1
1.6
10.5

14.2
1.2
13.0

18.5
1.2
17.3

14.0
.9
13.1

19.4
.4
18.9

14.6
.7
13.9

38.7

39.7

30.2

36.0

35.7

36.2

-119.2

-96.8

-99.1

-99.7

37.1
-90.9

37.6
-81.6

-82.9 -103.6

1. See footnote 5 and the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
2. Estimates beginning with the first quarter of 1986 exclude repairs and alterations of equipment, which
was reclassified to "other" services.
3. Line 7 less line 16 equals rest-of-the-world product as shown in table 1.7.
4. Estimates beginning with the first quarter of 1986 exclude noninterest income of banks, which was
reclassified to "other" services.
5. Estimates beginning with the first quarter of 1986 cover many business, professional, and technical
services and incorporate improved measurement of telecommunications services and insurance services;
incorporate new source data on travel and passenger fares; cover foreign students' expenditures in the United
States; cover repairs and alterations of equipment; and cover noninterest income of banks.
6. See footnote 7 and the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
7. Estimates beginning with the first quarter of 1986 cover many business, professional, and technical
services and incorporate improved measurement of telecommunications services and insurance services;
incorporate new source data on travel and passenger fares; cover U.S. students*' expenditures abroad; cover
repairs and alterations of equipment.




II

III
Exports of goods and services '
Merchandise2
Durable goods 2
Nondurable goods
Services l
Factor income 3 4
Other 5

.

Imports of goods and services6
Merchandise 2
Durable goods 2
Nondurable goods
Services *
Factor income 3
Other7

.....

1990

1989

1989

III

IV

I

II

III

534.7

593.3

593.2

592.5

611.6

628.1

620.1

622.0

347.3
236.1
111.2

390.8
268.9
121.9

390.7
267.6
123.1

390.3
271.0
119.3

405.2
279.0
126.2

422.4
292.8
129.6

418.4
293.4
125.0

421.6
295.6
126.1

187.4
96.3
91.1

202.6
105.1
97.5

202.5
107.1
95.4

202.2
103.6
98.5

206.4
105.4
101.0

205.7
101.9
103.9

201.7
97.4
104.3

200.3
96.9
103.4

610.6

647.4

646.5

656.6

659.4

663.5

664.7

674.5

469.4
282.3
187.2

499.3
302.9
196.4

492.4
299.0
193.4

509.8
307.7
202.2

514.3
312.4
201.9

517.8
308.5
209.3

515.2
310.2
205.0

529.5
323.1
206.4

141.2
68.0
73.2

148.2
74.9
73.2

154.1
80.7
73.3

146.7
74.0
72.8

145.1
71.6
73.5

145.6
69.5
76.1

149.4
72.9
76.5

145.0
70.3
74.7

1. See footnote 5 and the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
2. Estimates beginning with the first quarter of 1986 exclude repairs and alterations of equipment, which
was reclassified to "other" services.
3. Line 6 less line 13 equals rest-of-the-world product as shown in table 1.8.
4. Estimates beginning with the first quarter of 1986 exclude noninterest income of banks, which was
reclassified to "other" services.
5. Estimates beginning with the first quarter of 1986 cover many business, professional, and technical
services and incorporate improved measurement of telecommunications services and insurance services;
incorporate new source data on travel and passenger fares; cover foreign students' expenditures in the United
States; cover repairs and alterations of equipment; and cover noninterest income of banks.
6. See footnote 7 and the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
7. Estimates beginning with the first quarter of 1986 cover many business, professional, and technical
services and incorporate improved measurement of telecommunications services and insurance services;
incorporate new source data on travel and passenger fares; cover U.S. students' expenditures abroad; cover
repairs and alterations of equipment.

12

SURVEY OF CURRENT BUSINESS

October 1990

Table 4.3.—Merchandise Exports and Imports by Type of Product and by EndUse Category

Table 4.4.—Merchandise Exports and Imports by Type of Product and by EndUse Category in Constant Dollars

[Billions of dollars]

[Billions of 1982 dollars]
Seasonally adjusted at annual rates

1988

1989

1989

II

Seasonally adjusted at annual rates

1990

III

IV

I

1989

1988

II

1990

1989

II

III

III

IV

I

II

in

Merchandise exports ' 2.

324.2

369.9

373.2

3673

378.7

394.2

395.0

395.8

Merchandise exports 1 2

347.3

390.8

390.7

390.3

405.2

422.4

418.4

421.6

Foods, feeds, and beverages
Industrial supplies and materials
Durable goods
Nondurable goods
Capital goods, except autos
Autos
Consumer goods
Durable goods
Nondurable goods
Other 1 2
Durable goods ' 3
Nondurable goods 3

33.7
84.1
28.5
55.6
119.0
33.9
26.9
13.3
13.6
26.6
13.3
13.3

36.6
96.0
34.3
61.7
138.0
34.7
35.4
19.1
16.3
29.3
14.6
14.6

37.7
98.8
34.8
64.0
138.4
34.3
35.0
19.0
16.0
29.0
14.5
14.5

33.8
96.3
34.9
61.5
141.1
33.0
35.0
18.5
16.5
28.0
14.0
14.0

35.7
94.9
34.1
60.8
140.8
35.6
38.0
20.5
17.5
33.7
16.9
16.9

38.9
100.5
35.6
64.8
152.9
34.7
40.7
22.3
18.4
26.5
13.3
13.3

36.8
97.8
35.0
62.7
154.2
38.5
42.0
22.5
19.5
25.7
12.9
12.9

35.0
99.4
35.0
64.4
152.4
38.8
42.9
22.9
20.0
27.3
13.7
13.7

Foods, feeds, and beverages
Industrial supplies and materials
Durable goods
Nondurable goods
Capital goods, except autos
Autos
Consumer goods
Durable goods
Nondurable goods
Other « 2
Durable goods ' 3
Nondurable goods 3

33.9
80.8
27.4
53.4
154.7
29.2
24.2
12.5
11.7
24.6
12.3
12.3

35.8
92.2
32.8
59.4
176.4
28.9
30.9
17.6
13.4
26.5
13.3
13.3

36.0
93.8
33.0
60.8
175.4
28.7
30.6
17.4
13.2
26.2
13.1
13.1

33.7
92.8
33.2
59.6
180.6
27.4
30.5
17.1
13.4
25.4
12.7
12.7

37.2
92.4
32.9
59.5
182.6
29.2
33.1
18.9
14.2
30.7
15.4
15.4

40.1
97.2
34.4
62.8
197.6
28.4
35.2
20.4
14.8
23.9
12.0
12.0

36.9
95.2
34.1
61.1
196.1
31.4
35.8
20.3
15.5
23.0
11.5
11.5

36.5
95.5
33.8
61.7
197.4
31.6
36.4
20.6
15.8
24.4
12.2
12.2

450.1

480.9

482.1

483.2

488.0

497.8

484.1

513.5

469.4

499.3

492.4

509.8

514.3

517.8

515.2

529.5

24.9

25.1

25.2

24.7

25.0

27.8

26.8

25.8

22.7

23.9

23.1

24.4

24.9

26.4

25.6

24.2

76.5
40.9
35.6
39.6
102.2
87.9
96.4
52.8
43.6
22.5
11.3
11.3

78.3
42.3
36.0
50.9
113.1
86.0
102.8
55.8
47.0
24.7
12.4
12.4

79.0
43.1
35.9
54.1
114.0
84.5
101.3
55.4
46.0
23.9
12.0
12.0

77.1
41.7
35.4
52.7
113.1
85.4
104.9
57.0
47.9
25.4
12.7
12.7

76.9
41.0
35.8
53.3
116.5
83.0
106.4
56.4
50.0
26.9
13.4
13.4

76.6
38.9
37.7
62.4
115.7
83.9
103.4
54.3
49.1
28.1
14.0
14.0

76.7
38.6
38.1
48.7
115.6
84.9
103.3
54.4
49.0
28.1
14.0
14.0

78.8
40.4
38.4
62.5
119.5
90.4
108.2
56.8
51.4
28.3
14.2
14.2

73.7
39.5
34.2
86.9
122.5
66.5
78.2
44.3
33.9
18.9
9.5
9.5

72.3
39.2
33.1
93.8
143.7
63.8
81.5
46.1
35.4
20.4
10.2
10.2

72.1
39.1
32.9
92.9
141.1
63.1
80.4
45.9
34.6
19.7
9.8
9.8

71.6
39.0
32.6
98.5
146.9
64.0
83.3
47.2
36.1
21.1
10.5
10.5

72.2
72.7
39.2
37.9
33.5
34.3
95.0 . 100.8
154.9
153.3
61.0
61.8
83.5
80.4
46.2
44.0
37.3
36.3
23.0
22.3
11.1
11.5
11.1
11.5

72.3
37.0
35.2
96.9
154.3
63.3
79.8
44.0
35.7
23.1
11.5
11.5

74.7
38.9
35.8
97.5
159.6
66.8
83.5
46.3
37.2
23.1
11.6
11.6

38.2
285.9
410.5

41.5
328.5
430.0

42.7
330.5
428.0

39.7
327.6
430.5

40.9
337.8
434.7

43.8
350.4
435.4

41.3
353.7
435.5

40.3
355.5
451.0

37.7
309.6
382.5

39.6
351.2
405.5

39.9
350.8
399.5

38.0
352.3
411.4

40.8
364.3
419.3

39.9
378.5
418.3

40.2
381.5
431.9

Merchandise imports '
Foods, feeds, and beverages
Industrial supplies and materials,
excluding petroleum
Durable goods
Nondurable goods
Petroleum and products
Capital goods except autos
Autos
Consumer goods
Durable goods
Nondurable goods
Other1
Durable goods ' 3
Nondurable goods 3

Merchandise imports '
Foods, feeds, and beverages
Industrial supplies and materials,
excluding petroleum
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except autos
Autos
Consumer goods
Durable goods
Nondurable goods
Other1
Durable goods ' 3
Nondurable goods 3.

Addenda:
Exports of agricultural products4
Exports of nonagricultural products ....
Imports of nonpetroleum products

Addenda:
Exports of agricultural products4
Exports of nonagricultural products ....
Imports of nonpetroleum products

43.4
379.0
417.1

1. Estimates beginning with the first quarter of 1986 exclude repairs and alterations of equipment, which
was reclassified to services other than factor income.
2. Beginning with 1987, reexports—that is, exports of foreign merchandise—are assigned to end-use
categories in the same manner as exports of domestic merchandise. For earlier periods, all reexports are
included in the "other" categories.
3. Because no data are available to distribute exports and imports of "other" merchandise between durable
and nondurable goods prior to 1986, or to distribute imports of "other" merchandise for all time periods,
estimates were distributed equally.
4. Includes parts of line 2 and line 5.

1. Estimates beginning with the first quarter of 1986 exclude repairs and alterations of equipment, which
was reclassified to services other than factor income.
2. Beginning with 1987, reexports—that is, exports of foreign merchandise—are assigned to end-use
categories in the same manner as exports of domestic merchandise. For earlier periods, all reexports are
included in the "other" categories.
3. Because no data are available to distribute exports and imports of "other" merchandise between durable
and nondurable goods prior to 1986, or to distribute imports of "other" merchandise for all time periods,
estimates were distributed equally.
4. Includes parts of line 2 and line 5.

NOTE.—Beginning with 1985, the definitions of the end-use categories have been changed. For a
description of the new definitions, see the technical notes in "U.S. International Transactions, First Quarter
1988," SURVEY OF CURRENT BUSINESS 68 (June 1988): 34-39 and 57.

NOTE.—Beginning with 1985, the definitions of the end-use categories have been changed. For a
description of the new definitions, see the technical notes in "U.S. International Transactions, First Quarter
1988," SURVEY OF CURRENT BUSINESS 68 (June 1988): 34-39 and 57.




Table 5.1.—Gross Saving and Investment
[Billions of dollars]
Seasonally adjusted at annual rates
1988

II
Gross saving
Gross private saving
Personal saving
Undistributed corporate profits with
inventory valuation and capital
consumption adjustments
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Corporate capital consumption
allowances with capital
consumption adjustment
Noncorporate capital consumption
allowances with capital
consumption adjustment
Wage accruals less disbursements
Government surplus or deficit (-),
national income and product
accounts
Federal
State and local

1990

1989

1989

in

IV

II

I

III

656.1

691.5

697.9

692.4

674.8

664.8

6793

751.3
145.6

779.3
171.8

770.3
168.9

776.0
154.5

786.4
174.1

795.0
191.3

806.7
195.1 '""i&A

91.4
70.5
-27.0
47.8

53.0
49.1
-21.7
25.5

58.5
51.7
-23.1
29.9

53.9
38.6
-6.1
21.4

39.8
38.6
-14.5
15.6

36.7
36.8
-11.4
11.3

40.5
33.2
-.5 ""-30.6
7.7
2.3

322.1

346.4

341.1

351.6

356.5

356.7

359.7

365.2

192.2
0

208.0
0

201.8
0

215.9
0

216.0
0

210.3
0

211.4
0

213.6
0

-83.6 -111.6 -130.2 -127.3
-95J -87.8 -72.4
-1417 -1343 -1227 -1317 -150 1 -1683 -1660
46.4
48.1
46.5
50.3
38.5
38.1
38.6

Capital grants received by the
United States (net)

0

0

0

0

0

Gross investment

627.8

674.4

677.6

676.1

671.8

665.6

676.1

747.1
-119.2

771.2
-96.8

776.7
-99.1

775.8
-99.7

762.7
-90.9

747.2
-81.6

759.0 759.6
-82.9 -103.6

-28.2

-17.0

-20.3

-16.2

Gross private domestic investment
Net foreign investment
Statistical discrepancy

0

0

-3.0

.7

-3.2

0

656.1

13

SURVEY OF CURRENT BUSINESS

October 1990

Table 5.8.—Change in Business Inventories by Industry

Table 5.9.—Change in Business Inventories by Industry in Constant Dollars

[Billions of dollars]

[Billions of 1982 dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1988

Change in business
inventories
Farm
Nonfarm
Change in book value
Inventory valuation adjustment '
Manufacturing
Durable goods
Nondurable goods

1989

1990

II

in

IV

I

26.2

28.3

32.7

28.9

25.0

-3.6

5.0

6.6

2.6

.9

29.8
66.2
-36.4

23.3
51.9
-28.6

26.1
55.7
-29.6

26.2
35.1
-8.9

24.1
43.8
-19.7

8.1
7.3
.8

5.0
5.3
-.4

8.5
3.9
4.6

14.2
9.3
4.9

-5.3
.1
-5.4

7.1
5.9
1.2

2.3
2.6
-.3

8.6
8.3
.4

2.4
.6
1.8

6.3
5.2
1.1

3.1
2.8
.3

8.7
8.8
-.1

-.3
-1.8
1.5

.8
.7
.1

-.8
-.1
-.6

-.6
.5

2.8
2.4
.3

-4.9
-2.1
-2.8

6.8
4.7
2.4
2.3
2.1

8.1
2.2
2.8
-.6
5.9

4.3
-3.5
-2.8
-.7
7.9

-.5
-6.1
-8.5
2.4
5.6

7.8
1.9
5.9

7.9
1.8
6.2

4.6
-.2
4.9

10.1
2.8
7.3

„

Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods...
Retail trade
Durable goods
Automotive
Other
Nondurable goods

1989

.

Other
Durable goods
Nondurable goods

1988
III

II

13.4

8.8

.5

1.0

13.0
14.1
-1.1

7.8
49.8
-42.0

.3
-3.4
3.6

-3.5
-4.9
1.4

.1
.3
-.2

5.9
2.7
3.2

-.4
1.9
-2.2

3.2
.1
3.1

3.0
5.7
-2.7

10.8
4.8
6.0

-2.6
2.1
-4.7

1.9
0
1.9

2.8
5.3
-2.5

2.3
-.2
2.5

1.3
.2
1.1

.2
.4
-.2

14.6
6.9
8.6
-1.8
7.7

-30.8
-24.6
-26.9
2.4
-6.2

9.2
6.5
3.4
3.1
2.7

3.6
2.6
3.1
-.5
1.0

8.9
3.6
5.4

13.9
4.5
9.4

4.1
-1.7
5.8

1.1
-1.7
2.8

-11.8
5.3

-17.0
-1.3
-15.7

Change in business
inventories

1990

1989

1989
II

III

IV

18.9

I

II

-2.2

9.5

in
7.8

23.6

23.8

25.5

24.6

Farm

-2.9

5.0

4.0

2.9

Nonfarm

26.5

18.7

21.5

21.7

15.3

-8.2

11.6

8.2

7.1
6.7
.3

3.8
4.2
-.4

7.2
2.9
4.2

11.7
7.9
3.8

-5.7
-.5
-5.2

1.7
-2.9
4.7

-2.6
-4.3
1.7

.2
.4
-.2

6.6
5.3
1.3

1.3
2.3
-1.0

6.8
7.4
-.7

1,8
.3
1.5

2.0
2.0
0

2.0
2.0
.1

2.9
0
2.9

3.9
4.9
-.9

6.0
4.7
1.4

2.5
2.4
0

7.1
8.0
-.9

-.7
-1.9
1.2

7.7
3.8
3.8

-1.1
2.1
-3.2

1.2
-.2
1.4

3.6
4.5
-1.0

.5
.6
-.1

-1.2
-.1
-1.0

-.4
-.5
.2

2.5
2.2
.3

-5.7
-1.9
-3.8

3.1
-.1
3.2

1.7
.2
1.5

.4
.3
0

6.0
4.1
2.0
2.1
1.9

6.9
1.9
2.4
-.5
5.0

3.7
-3.0
-2.4
-.6
6.7

-.4
-5.1
-7.2
2.1
4.7

12.2
5.8
7.3
-1.5
6.4

-25.6
-20.5
-22.6
2.1
-5.1

7.6
5.4
2.8
2,6
2.2

3.1
2.2
2.6
-.4
.9

6.9
1.6
5.3

6.8
1.5
5.3

3.9
—2
4.1

8.6
2.3
6.3

6.9
3.0
3.9

13.7
3.8
9.9

3.7
-1.4
5.1

1.0
-1.5
2.4

Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods

. .

Merchant wholesalers
Durable goods
.
Nondurable goods

.

.

Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Automotive
Other
Nondurable goods

. . . .
;.

Other .
Durable goods
Nondurable goods

3.6

6.0

-2.1

1. The inventory valuation adjustment (IVA) shown in this table differs from the IVA that adjusts business
incomes. The IVA in this table reflects the mix of methods (first-in, first-out; last-in, first-out; etc.)
underlying book value inventories derived primarily from Census Bureau statistics. This mix differs from that
underlying business income derived primarily from Internal Revenue Service statistics.

Table 5.10.—Inventories and Final Sales of Business by Industry

Table 5.11.—Inventories and Final Sales of Business by Industry in Constant
Dollars

[Billions of dollars]

[Billions of 1982 dollars]
Seasonally adjusted quarterly totals

II

Inventories '

III

Seasonally adjusted quarterly totals

1990

1989
IV

I

II

II

1,028.1 1,036.5 1,050.8 1,049.4 1,049.3 1,069.0

Farm

1990

1989
HI

Inventories '

UI

IV

898.3

904.4

909.1

67.4

68.1

69.0

II

in

908.6

911.0

912.9

70.5

70.0

69.9

I

74.9

74.5

77.9

79.4

79.1

77.6

953.2
560.0
393.2

962.0
563.9
398.1

972.9
567.1
405.8

970.0
563.3
406.7

970.2
562.0
408.2

991.4
567.4
424.0

Nonfarm
Durable goods
Nondurable goods

830.9
478.8
352.1

836.3
480.2
356.2

840.2
482.7
357.4

838.1
478.3
359.8

841.0
478.2
362.8

843.1
479.7
363.3

379.3
253.1
126.2

383.1
256.1
127.0

382.7
255.4
127.3

382.5
255.4
127.1

377.8
252.5
125.4

387.7
254.6
133.1

Durable goods
Nondurable goods

332.1
217.8
114.2

335.0
219.8
115.2

333.6
219.7
113.9

334.0
219.0
115.0

333.4
217.9
115.5

333.4
218.0
115.4

222.5
144.1
78.5

223.8
145.0
78.7

226.6
146.0
80.6

227.3
147.0
80.4

228.2
147.1
81.1

233.0
149.4
83.7

Nondurable goods

192.7
122.5
70.2

193.2
122.6
70.6

193.7
123.1
70.6

194.2
123.6
70.6

194.9
123.6
71.4

195.9
124.8
71.1

194.6
127.7
66.9

195.1
128.0
67.1

198.8
129.5
69.3

199.2
130.4
68.8

200.2
130.7
69.5

203.2
132.8
70.4

Merchant wholesalers
Durable goods
Nondurable goods

167.0
108.5
58.5

166.8
108.0
58.8

168.7
109.0
59.7

168.4
109.5
58.9

168.7
109.5
59.3

169.6
110.6
59.0

27.9
16.4
11.5

28.7
17.1
11.6

27.8
16.5
11.3

28.1
16.5
11.6

28.0
16.4
11.6

29.8
16.6
13.2

25.8
14.0
11.8

26.4
14.5
11.9

25.0
14.1
10.9

25.8
14.0
11.7

26.2
14.1
12.1

26.3
14.2
12.1

Retail trade
Durable goods
Automotive
Other
Nondurable goods

231.1
118.4
62.3
56.2
112.7

232.0
117.4
60.4
57.0
114.5

238.0
119.8
63.0
56.8
118.2

231.6
113.8
56.1
57.6
117.8

234.5
115.6
57.2
58.5
118.9

237.6
117.0
58.5
58.5
120.6

Retail trade .
Durable goods

196.3
101.4
52.8
48.6
95.0

196.2
100.1
51.0
49.1
96.1

199.3
101.5
52.8
48.7
97.7

192.9
96.4
47.2
49.2
96.5

194.8
97.8
47.9
49.9
97.0

195.6
98.3
48.5
49.8
97.2

Other

120.3

123.1

125.6

128.6

129.6

133.0

Other

364.2
208.5

368.4
209.7

371.5
209,7

380.3
216.3

383.3
216.3

388.2
217.6

2.82
2.62

2.81
2.61

2.83
2.62

2.76
2.55

2.74
2.53

2.75
2.55

4.57

4.59

4.64

4.48

4.49

4.56

Nonfarm
Durable goods
Nondurable goods
Manufacturing
Durable goods . .
Nondurable goods

.

.

Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods

Final sales2
Final sales of goods and structures 2
Ratio of inventories to final sales
Inventories to final sales
Nonfarm inventories to final sales ...
Nonfarm inventories to final sales of goods and
structures .
.

Wholesale trade

Nonmerchant wholesalers
Durable goods .
Nondurable goods

Other .
.
Nondurable goods

.. .

. .
.

Final sales 2
Final sales of goods and structures 2

109.7

111.9

113.6

117.0

117.9

118.2

294.4
182.0

295.3
181.8

295.5
181.2

298.5
184.1

298.1
182.8

299.4
182.8

3.05
2.82

3.06
2.83

3.08
2.84

3.04
2.81

3.06
2.82

3.05
2.82

4.57

4.60

4.64

4.55

4.60

4.61

Ratio of inventories to final sales

1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories calculated from
current-dollar inventories in this table is not the current- dollar change in business inventories (CBI)
component of GNP. The former is the difference between two inventory stocks, each valued at their
respective end-of-quarter prices. The latter is the change in the physical volume of inventories valued at
average prices of the quarter. In addition, changes calculated from this table are at quarterly rates, whereas
CBI is stated at annual rates.
2. Quarterly totals at monthly rates. Business final sales equals final sales less gross product of households
and institutions, government, and rest of the world, and includes a small amount of final sales by farms.




Farm

Inventories to final sales
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods and
structures

1. Inventories are as of the end of the quarter. Quarter-to-quarter changes calculated from this table are at
quarterly rates, whereas the constant-dollar change in business inventories component of GNP is stated at
annual rates.
2. Quarterly totals at monthly rates. Business final sales equals final sales less gross product of households
and institutions, government, and rest of the world, and includes a small amount of final sales by farms.

14

SURVEY OF CURRENT BUSINESS

October 1990

Table 5.12.—Fixed Investment by Type

Table 5.13.—Fixed Investment by Type in Constant Dollars

[Billions of dollars]

[Billions of 1982 dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1988

1989

1989
II

1988

1990

in

IV

I

II

720.8

742.9

744.0

746.9

737.7

758.9

745.6

750.9

Nonresidential

488.4

511.9

511.4

518.1

511.8

523.1

5165

530.1

Structures
Nonresidential buildings,
excluding farm
Public utilities
Mining exploration, shafts, and
wells
Other.

139.9

146.2

144.2

147.0

147.1

148.8

147.2

150.2

97.8
24.7

104.3
25.7

102.5
26.0

106.0
24.8

104.5
24.9

104.9
25.4

104.6
25.8

106.6
26.0

12.9
4.5

11.1
5.1

10.8
4.8

11.1
5.1

12.0
5.7

12.4
6.1

10.9
5.9

11.2
6,4

Producers' durable equipment .....
Information processing and
related equipment
Industrial equipment
Transportation and related
equipment
Other.,

348.4

365.7

367.2

371.0

364.7

374.3

369.3

379.9

110.3
83.4

116.0
93.1

116.9
92.1

116.4
93.3

118.2
93.8

120.4
95.1

118.6
90.6

119.7
92.4

79.1
75.6

76.2
80.4

77.9
80.4

80.4
80.8

70.7
82.0

77.9
80.9

79.4
80.7

86.6
8.1.2

2325
1 16.5
23.3
92.6

231.0
116.7
23.3
90.9

232.7
117.7
24.1
90.9

228.9
114.4
23.9
90.6

225.9
113.8
21.6
90.5

235.9
122.6
20.8
92.4

229.1
115.1
20.9
93.1

220.8
107.9
20.0
92.9

-..

National income without
capital consumption
adjustment

693.6

697.7

690.2

702.9

691.2

692.9

506.1

5055

513.3

508.4

514.6

508.4

517.6

Structures
,.
Nonresidential buildings,
excluding farm
Public utilities
Mining exploration, shafts, and
wells
.
Other

122.4

122.4

120.6

122.7

123.1

123.8

120.9

122.4

78.9
21.8

81.2
21.3

80.0
21.7

82.3
20.4

80.6
20.2

80.2
20.5

79.7
20.7

80.6
20.7

18.0
3.7

15.7
4.1

15.0
3.9

15.9
4.2

17.7
4.6

18.2
4.9

15.8
4.7

16.1
5.1

Producers' durable equipment
Information processing and
related equipment
Industrial equipment
Transportation and related
equipment
Other

364.8

383.7

384.9

390.6

385.4

390.8

387.5

395.2

162.4
69.5

179.0
74.9

178.8
74.5

181.9
74.8

186.0
74.6

188.4
74.4

188.1
70.6

188.9
71.3

68.5
64.4

63.8
66.1

65.3
66.4

67.8
66.1

58.2
66.5

63.3
64.7

64.4
64.5

70.3
64.6

194.9
96.8
19.4
78.7

187.0
93.5
18.7
74.8

188.1
94.1
19.3
74.7

184.4
91.2
19.0
74.1

181.8
90.6
17.2
74.0

188.3
96.9
16.4
75.0

182.8
91.1
16.6
75.2

175.3
84.6
15.6
75.0

Residential
Single-family structures
Multifamily structures
Other

Table 6.18B.—Corporate Profits by Industry
[Billions of dollars]
Seasonally adjusted at annual rates

IV

I

II

II

Corporate profits with inventory
valuation and capital consumption
adjustments

Domestic industries

3,923.7 4,190.9 4,180.8 4,210.4 4,244.8 4,329.3 4,403.8

Private industries

3,3575 3584.9 3579.1 3,600.6 3,625.9 3,694.9 3,758.8

Financial
Nonfinancial .

Agriculture, forestry, and fisheries..
Mining. .
Construction

94.7
35.2
215.8

101.0
36.4
225.1

102.6
36.4
223.8

91.7
36.5
224.7

98.7
37.4
227.8

111.0
39.3
232.1

Manufacturing
Durable goods
Nondurable goods

782.2
453.7
328.6

803.8
465.6
338.2

805.4
467.4
337.9

811.0
467.9
343.1

793.8
458.3
335.6

800.6
464.8
335.8

104.5
40.4
227.7 •"""••••••
819.8
471.5
348.4

Transportation and public utilities...
Transportation
Communication
Electric, gas, and sanitary
services
,

298.2
131.2
80.3

314.2
136.6
87.4

317.6
137.4
88.4

313.9
137.0
85.4

314.6
136.4
89.8

322.8
140.8
91.1

328.3
144.8
91.9

86.8

90.2

91.7

91.5

88.4

90.9

91.7

Wholesale trade
Retail trade
Finance, insurance, and real estate..
Services

228.6
340.9
562.0
799.9

247.4
360.1
613.8
883.0

245.4
357.6
615.6
874.8

249.2
365.2
615.5
892.9

255.8
366.3
621.6
910.0

256.5
372.4
630.6
929.6

260.4
381.5
643.6
952.5

566.2

606.0

601.8

609.8

618.9

634.4

645.0

335

37.6

32.6

37.2

42.8

41.6

31.6




III

IV

I

II

III

III

Domestic industries

Rest of the world

1990

1989

1989

1990

1989

in

1988

3,957.2 4,228.5 4,213.4 4,247.6 4,287.6 4,371.0 4,435.4

Government and government
enterprises

III

II

I

693.1

Seasonally adjusted at annual rates

II

IV

487.2

Nonresidential

[Billions of dollars]

1989

HI

682.1

Fixed investment

Table 6.3B.—-National Income Without Capital Consumption Adjustment by
Industry

1988

1990

1989
II

III

Fixed investment

Residential.....
Single-family structures
Multifamily structures
Other

1989

337.6 311.6 321.4

28.3
19.7
266.0 241.0

..

43.3

Rest of the world
Corporate profits with inventory
valuation adjustment

Manufacturing
Durable goods
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electric and electronic equipment
Motor vehicles and equipment
Other
,.,
,

Transportation and public utilities
Wholesale and retail trade
Other
Rest of the world

19.3 21.8
10.3
13.1
26.2
248.6 244.4 223.8 224.5 235.8
46.6

49.3

56.9

,

52.9

48.9

2915 285.3 2753 2855 298.8

2465 235.2 244.9 236.0 218.4

Financial
Federal Reserve banks
Other

Nondurable goods
Food and kindred products
Chemicals and allied products
Petroleum and coal products
Other

50.9

289.8 286.1

Domestic industries

Nonfinancial

34.8

306.7 290.9 296.8 306.6

294.3 260.7 274.8 2575 234.0 243.9 257.6

232.6 249.9

22.4
18.1
4.3

15.4
20.7
-5.2

6.9
9.2
21.6
20.8
21.1 20.5
.5 -11.3 -13.9

16.1
20.8
-4.7

18.2
21.1
-2.9

224.1

219.8

223.4 226.9 211.5

216.5

231.7

106.5

96.1

98.9

99.9

83.7

90.1

100.8

42.8
6.3
6.3
7.0
6.7
1.5
14.9

37.1
6.2
6.7
4.7
7.4
-1.9
13.9

39.6
7.0
7.2
5.0
7.6
-1.4
14.2

37.4
7.0
7.2
5.0
6.0
-2.7
15.1

30.2
4.3
4.6
5.7
8.9
-5.8
12.6

37.4
4.9
6.4
7.3
8.6
-7.2
17.4

39.5
5.4
6.0
7.9
7.8
-4.3
16.7

63.7
14.5
21.9
4.4
22.9

59.0
14.0
21.7
.3
23.1

59.2
14.0
22.8
-1.6
24.1

62.4
13.3
21.6
3.9
23.6

53.5
12.4
20.1
-.1
21.1

52.7
10.9
21.9
1.0
18.9

61.3
15.3
22.7
3.7
19.6

44.1
37.1
36.4

43.6
38.7
41.4

46.2
37.6
40.7

42.9
41.4
42.7

40.2
41.9
45.7

41.5
39.2
45.7

41.9
44.4
44.6

43.3

50.9

46.6

49.3

56.9

52.9

48.9

i
zr.

SURVEY OF CURRENT BUSINESS

October 1990

15

Table 7.1.—Fixed-Weighted Price Indexes for Gross National Product, 1982
Weights

Table 7.2.—Fixed-Weighted Price Indexes for Gross National Product by
Major Type of Product, 1982 Weights

[Index numbers, 1982=100]

[Index numbers, 1982=100]
Seasonally adjusted

Seasonally adjusted

1988

1989

1989

II

III

1990

IV

I

II

1988

III

Gross national product

123.9

129.5 129.0

130.0

131.2 133.3

134.6

136.0

Personal consumption expenditures

125.6

131,6

132.1

133.7

136.1

137.1

139.1

111.9
117.3
135.2

114.3 113.9 114.4
123.9 124.3 124.4
141.7 140.8 142.3

115.2
125.7
144.2

116.4
129.7
145.7

116.5
130.3
147.3

116.7
132.8
149.3

111.2
109.0
107.1
110.2
119.1

115.0
112.6
110.3
114.1
123.3

114.8
112.3
110.3
113.6
123.5

115.3
112.9
110.5
114.4
123.9

116.1
113.8
110.9
115.7
124.1

117.3
115.0
111.6
117.2
125.1

117.6
115.5
112.2
117.6
125.2

118.3
116.1
112.9
118.1
125.9

111.3 114.4
105.8 109.5

114.5
110.5

114.5
108.8

114.4
109.9

115.9
112.3

116.7
110.0

117.8
114.0

130.6

130.2

131.0

132.1

134.4

1355

136.9

117.4
117.4
117.6
130.1

122.4
121.8
123.9
136.7

122.2
121.8
123.4
136.1

122.5
121.8
124.1
137.3

123.0
122.3
124.9
138.9

125.8
125.6
126.6
140.8

126.5
126.0
127.6
142.1

127.3
127.0
127.9
144.1

123.7
122.2
92.5
130.6

129.3 128.9
129.2 129.0
97.8 100.2
136.4 135.7

129.9
129.8
98.3
136.9

131.1
131.4
98.3
138.7

133.2
135.8
102.3
140.3

134.4
136.1
100.6
141.9

135.8
137.5
105.5
143.6

Durable goods
Nondurable goods
Services

131.3

Gross private domestic investment .
Fixed investment
Nonresidential
Structures
Producers' durable equipment.
Residential ..
. .
Change in business inventories

.

Net exports of goods and services
Exports
Imports

Government purchases of goods and services.... 124.7
Federal
National defense
Nondefense
State and local

Gross national product
Final sales
Change in business inventories

I

II

III

III

IV

123.9 1295 129.0

130.0

131.2

133.3 134.6

136.0

123.7

129.3

128.9

129.9

131.1

133.2

134.4

135.8

115.0

119.9

119.8

120.4

121.3 123.9

125.1

126.1

Final sales
Change in business inventories

114.8

119.7

119.7

120.2

121.1

123.7

124.8

125.8

Durable goods
Final sales
Change in business inventories

107.8
107.9

110.8
110.9

110.3
110.5

111.2
111.4

112.0
112.1

113.4 113.9 114.3
113.5 113.9 114.3

Nondurable goods
Final sales
Change in business inventories

119.8
119.6

126.0
125.8

126.2
125.9

126.5
126.3

127.6 130.9
127.3 130.7

132.5 134.0
132.2 133.7

Services

136.4

143.0

142.2 143.7

145.3

144.1

145.7

147.4

Structures

113.6

117.3

117.4 117.6

118.0

118.9

119.2

120.0

Goods

Table 7.3.—Fixed-Weighted Price Indexes for Relation of Gross National
Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers,
1982 Weights
[Index numbers, 1982=100]
Seasonally adjusted

1988

1989

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.




1990

1989

II

Addenda:
Final sales
Personal consumption expenditures, food
Personal consumption expenditures, energy
Other personal consumption expenditures

1989

1990

1989

II

III

IV

I

II

III

134.6 136.0

Gross national product

123.9

1295

129.0

130.0

131.2

133.3

Less: Exports of goods and services..
Plus: Imports of goods and services

111.3
105.8

114.4
109.5

114.5
110.5

114.5
108.8

114.4
109.9

115.9 116.7 117.8
112.3 110.0 114.0

Equals: Gross domestic purchases '

123.4

129.1

128.7

129.6

130.9

133.1 134.1

135.7

123.3 129.0

128.6

129.4

130.7

132.9 133.9

1355

Less: Change in business inventories
Equals: Final sales to domestic purchasers 2

1. Purchases in the United States of goods and services wherever produced.
2. Final sales in the United States of goods and services wherever produced.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

16

SURVEY OF CURRENT BUSINESS
Table 7.4.—Implicit Price Deflators for Gross National Product

October 1990

Table 7.7.—Implicit Price Deflators for the Relation of Gross National Product,
Net National Product, and National Income

[Index numbers, 1982=100]

[Index numbers, 1982=100]

Seasonally adjusted

1988

1989

1989
II

III

Seasonally adjusted

1990
IV

I

n

1988

HI

1989

1989
II

Gross national product

121.3 126.3
124.2 129.9

Personal consumption expenditures

125.8

126.8

128.0 129.5

131.0

Gross private domestic investment
Fixed investment
.
Nonresidential
Structures
Producers' durable equipment
Residential
Change in business inventories

105.7
100.2
114.3
95.5
119.3

107.2
101.2
119.5
95.3
123.5

107.3
101.2
119.5
95.4
123.7

107.1
100.9
119.8
95.0
124.2

106.9
100.7
119.5
94.6
124.3

108.0
101.6
120.2
95.8
125.3

107.9
101.6
121.8
95.3
125.3

1990
IV

I

II

III

132.1

129.5 130.2 131.8 134.0 135.2 136.9
109.4 110.9 110.6 111.2 111.4 112.5 112.1 112.4
116.6 122.8 123.2 123.2 124.5 128.3 129.4 131.5
134.5 141.0 140.1 141.6 143.4 145.1 146.6 148.4

Durable goods
Nondurable goods
Services

in

108.4
102.4
122.7
96.1
126.0

Gross national product

121.3

Less: Capital consumption allowances with
capital consumption adjustment

126.3 125.8 126.8 128.0 1295 131.0

132.1

107.2 109.6 109.3 110.1 110.1 110.6 110.6 110.8
128.6 128.1 129.2 1305 132.2 133.9 135.2

123.2

Equals: Net national product

Less: Indirect business tax and nontax liability
plus business transfer payments less subsidies
plus current surplus of government enterprises.. 122.8 132.0 131.2 136.0 134.8 136.8 139.6 144.9
119.4 124.2 123.7 124.7 125.8 127.1 128.6
128.3 127.8 128.5 130.1 131.7 133.3

Statistical discrepancy

123.3

Equals: National income

Net exports of goods and services
Exports
Imports . .

103.2 105.5 106.0
102.5 103.8 105.2
Government purchases of goods and services.... 123.3 128.5 127.7
Federal ..
115.9 119.4 118.4
National defense
114.0 117.5 117.6
Nondefense
123.2 125.8 121.0
State and local
128.7 135.1 134.5

105.3 105.1 105.3 106.4 106.5
102.5 102.8 104.2 103.0 105.5
129.1 130.1 132.5 1325 134.1
119.9
117.7
127.8
135.7

120.2
117.1
130.4
137.1

123.3
120.8
131.5
138.9

122.0
120.7
125.6
140.1

123.1
121.2
128.7
142.1

Table 7.8.—-Implicit Price Deflators for Command-Basis Gross National
Product
[Index numbers, 1982=100]

Less: Net exports of goods and services

[Index numbers, 1982=100]
Gross national product

121.3

Final sales
Change in business inventories

1263

125.8

126.8 128.0 129.5 131.0

132.1

121.4 126.3 125.8 126.9 127.9 129.7 131.0 132.2

Goods

1133 113.1 113.8 114.4 115.6 117.2 117.7
1096 1132 1129 1138 1142 1162 117 1 1177

109.6

Final sales
Change in business inventories
Durable goods
Final sales
Change in business inventories
Nondurable goods
Final sales
Change in business inventories

984
98.1

999
99.7

133.0
118.1

Services
Structures

139.4 138.7 140.0 141.6 143.6 145.2 146.8
122.6 122.7 123.1 123.1 124.0 124.6 125.4

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

Table 7.6.—Implicit Price Deflators for Gross National Product by Sector
[Index numbers, 1982=100]

Gross domestic product
Business .
Nonfarm . .
Nonfarm less housing
Housing
Farm
Statistical discrepancy
Households and institutions .
Private households
Nonprofit institutions

1194
1197
117.9
1383
1072
1194

1242
1244
122.5
1453
1124
1242

1237
1240
122.2
1433
1136
1237

126.8 128.0

129.5 131.0

132.1

126.9
1247
1250
122.9
1476
1120
1247

129.5
127 1
1273
125.3
1488
1205
127 1

132.1

128.0
1258
1262
124.1
1481
1093
125.8

131.0
1286
1288
126.8
1506
1191
128.6

1296
1299
127.7
1536
1173
129.6

. . . . . . 1362 1393 1383 139.6 140.9 142.5 144.2 146.4
1059 1074 1074 107.4 107.7 108.5 109.9 111.7
138.4 141.5 140.5 141.8 143.3 144.9 146.6 148.7

Government
Federal
State and local
Rest of the world

133.9 141.2 140.5 141.9 143.3 146.3 147.9 149.4
126.4 133.3 133.1 133.3 133.9 139.0 139.8 140.1
137.7 145.1 144.2 146.0 147.9 149.9 151.9 154.0
123.3 128.7

128.1

1293

130.6

132.2 133.9

135.2

Addendum:
Gross domestic business product less housing

1177 1223

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.




131.0

132.1

1025 1038 1052 1025 1028 1042 1030 105.5
102.5 1038 105.2 1025 102.8 104.2 1030 105.5

Equals: Command-basis gross national
product

121.2

126.0 125.7 126.4 127.6 1293

130.4 131.9

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

Table 7.9.—Fixed-Weighted Price Indexes for Personal Consumption
Expenditures by Major Type of Product, 1982 Weights
[Index numbers, 1982=100]

Durable goods
Motor vehicles and parts
Furniture and household equipment
Other
Food
Clothing and shoes
Gasoline and oil
Other nondurable goods
Fuel oil and coal
Other
Housing
Household operation
Electricity and gas.
Other
Transportation
.
Medical care
Other

.

136.1

137.1

139.1

115.2 116.4
118.7 118.7 118.4 119.3 120,2
104.9 104.2 105.3 105.8 106.3
123.5 123.0 124.3 125.1 128.4
123.9 1243 124.4 125.7 129.7

116.5
119.6
106.4
130.4

116.7

125.6

131.6

111.9
116.4
103.8
118.5

1143

117.3

Nondurable goods

Services

1213 1263 125.8
121.4 1263 125.8

Gross national product

128.0 1295

Equals: Gross domestic purchases

Personal consumption expenditures
..

125.8 126.8

Plus: Command-basis net exports of goods and
services
Command-basis exports
Imports

995 1003 1003 1006 1012 1014
99.4 100.1 100.0 101.0 101.2 101.3

1207 1265 1264 1274 1283 1308 1333 1344
1208 1266 1262 1276 1282 1319 1333 1345

1263

103.2 105.5 106.0 105.3 105.1 105.3 106.4 106.5
1025 1038 1052 1025 1028 1042 103.0 1055
120.9 125.8 125.4 126.1 1273 129.1 130.2 131.7

Imports

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

Table 7.5.—Implicit Price Deflators for Gross National Product by Major Type
of Product

121.3

Gross national product

122.2
115 8
79.4
127.3
. . . 768
134.1
135.2
136.8
1198
112.6
127.3
1266
144.0
136.5

131.3
113.9

132.1

133.7

114.4

119.6
106.7
130.8

130.3

132.8

129.8
117.2
88.5
136.4
79.9
143.9
1423

131.4
119.2
85.7
139.0
84.4
146.3
144.2

135.8
122.3
90.5
142.1
95.6
148.3

136.1
124.2
90.0
143.2
85.5
150.8

137.5
123.8
99.7
146.3
93.7
153.4

141.7

129.0
119 1
92.1
134.4
796
141.8
140.8

145.7

141.7
1224
115.5
129.5
1312
152.1
142.8

143.7
1222
115.1
129.6
1322
154.1
144.4

145.9
1236
117.2
130.2
1327
157.2
145.7

147.2
1250
118.4
131.8
135.2
158.9
147.1

1473
148.9
1247
117.3
132.3
136.8
161.1
148.9

1493

142.9
1226
115.7
129.7
1319
153.4
143.5

129.2
1185
86.8
135.5
804
142.9

152.1
1240
115.7
132.5
138.2
163.7
150.6

Table 7.14.—Fixed-Weighted Price Indexes for Exports and Imports of Goods
and Services, 1982 Weights
[Index numbers, 1982=100]
Exports of goods and services

111.3

114.4

114.5

114.5

114.4

115.9

116.7

117.8

Merchandise.
Durable coods
Nondurable goods

104.3 106.2 106.8 106.0 1054 1064 1068 107.3
1047 1070 1069 1073 1076 1085 1090 1097
103.8 105.2 106.9 104.5 102.4 103.4 104.3 104.0

Services
Factor income
Other

1214 1261 1257 1267 1276 1296 1310 1331
124.2 129.5 129.0 noi 131 4 1330 1347 1366
1164 1201 1199 1205 1208 1236 1245 1268

Imports of goods and services
Merchandise .
Durable goods
Nondurable goods
Services
Factor income
Other

109.5 110.5 108.8 109.9 1123 110.0 114.0
994 103 1 1042 101 8 1026 105 1 101 7 1059
1179 120.0 120.2 119.1 119.6 120.4 120.0 120.7
80.0 85.1 87.7 84.1 85.2 89.5 83.5 90.7
1254 1296 1290 1294 1312 1336 1347 1379
123.3 128.7 128.1 129.3 130.6 132.2 133.9 135.8
127 1 130.4 129.6 129.5 131.7 134.6 135.3 1396

105.8

17

SURVEY OF CURRENT BUSINESS

October 1990

Table 7.15.—Fixed-Weighted Price Indexes for Merchandise Exports and
Imports by Type of Product and by End-Use Category, 1982 Weights

Table 7.16.—Fixed-Weighted Price Indexes for Government Purchases of
Goods and Services by Type, 1982 Weights

[Index numbers, 1982=100]

[Index numbers, 1982=100]
Seasonally adjusted

Seasonally adjusted
1988

Merchandise exports
Foods, feeds, and beverages
Industrial supplies and materials
Durable goods
Nondurable goods
Capital goods except autos
Autos
.
Consumer goods
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
Merchandise imports
Foods, feeds, and beverages . .
Industrial supplies and materials, excluding
Durable goods
Nondurable goods. .
Petroleum and products
Capital goods, except autos
Autos
.
Consumer goods
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods

.

„

1989

1990

1989

II

III

IV

I

II

III

104.3

106.2

106.8

106.0

105.4

106.4

106.8

107.3

99.6
104.1
104.1
104.0
102.4
116.1
112.0
106.5
116.3
104.0
101.8
106.3

102.0
104.0
104.5
103.8
104.7
120.1
116.1
108.6
121.9
106.1
103.8
108.4

104.9
105.3
105.4
105.3
104.2
119.2
115.9
109.4
121.1
106.6
104.3
108.9

100.5
103.7
104.9
103.2
104.9
120.5
116.5
108.4
122.8
106.1
103.8
108.4

96.0
102.6
103.4
102.3
105.5
122.0
116.6
108.5
122.9
105.6
103.3
107.9

97.0
103.3
103.7
103.2
106.9
121.9
117.8
109.4
124.5
106.6
104.2
108.9

99.6
102.7
102.8
102.7
107.5
122.5
119.3
111.1
125.8
107.5
105.2
109.9

96.0
104.1
103.4
104.4
108.5
122.9
119.9
111.1
126.8
107.9
105.5
110.3

99.4

103.1

104.2

101.8

102.6

105.1

101.7

105.9

109.9

105.0

108.9

101.4

100.5

105.0

104.6

106.5

104.0
104.1
103.9
45.6
115.1
... 132.3
123.1
119.2
128.7
119.2
119.2
119.2

108.1
107.6
108.6
54.3
116.3
134.7
126.0
121.2
132.8
121.3
121.3
121.3

109.2
109.5
108.9
58.2
116.9
134.0
125.8
120.7
133.0
121.8
121.8
121.8

107.4
106.2
108.6
53.5
115.9
133.3
125.6
120.8
132.4
120.4
120.4
120.4

105.8
104.7
106.9
56.1
115.4
136.1
127.0
122.1
134.0
120.6
120.6
120.6

106.5
103.2
109.8
61.9
118.1
135.9
128.2
123.2
135.2
121.9
121.9
121.9

105.9
103.7
108.0
50.2
118.0
134.2
129.1
123.4
137.1
121.7
121.7
121.7

105.5
103.8
107.2
64.1
119.4
135.3
129.1
122.7
138.1
122.5
122.5
122.5

Table 7.17.—Fixed-Weighted Price Indexes for National Defense Purchases of
Goods and Services, 1982 Weights
[Index numbers, 1982=100]

II
Government purchases of goods and
services

1989

National defense purchases
Durable goods
Military equipment
Aircraft
Missiles
. . .
Ships
Vehicles
Electronic equipment
Other
Other durable goods
Nondurable goods
Petroleum products
Ammunition
Other nondurable goods
Services
Compensation of employees
Military
.. .
Civilian
Other services
Contractual research and development
Installation support *
Weapons support 23
Personnel support
Transportation of materiel
Travel of persons
Other
Structures
Military facilities
Other

,

HI

IV

I

I

II

m

130.6 130.2

131.0

132.1

134.4

135.5

136.9

122.4

122.2

122.5

123.0

125.8

126.5

127.3

National defense
Durable goods
Nondurable goods
Services
Compensation of employees
Military
Civilian
Other services
Structures

117.4
108.9
72.9
125.2
126.3
126.0
126.9
123.0
124.5

121.8
110.9
76.0
130.7
132.8
131.9
134.6
126.6
128.9

121.8
111.1
77.1
130.5
132.7
132.1
134.0
126.1
127.3

121.8
110.7
74.9
130.9
132.8
131.9
134.7
127.1
129.2

122.3
110.1
77.5
131.5
133.3
131.9
136.1
128.0
131.3

125.6
111.0
80.9
135.8
138.8
138.0
140.4
129.9
131.7

126.0
110.6
79.2
136.6
139.6
138.8
141.2
130.8
131.7

127.0
111.3
85.9
137.3
139.8
138.9
141.5
132.4
134.4

Nondefense .
Durable goods
Nondurable goods
Commodity Credit Corporation inventory
change
Other nondurables
Services
Compensation of employees
Other services
Structures

117.6
100.8

123.9
104.5

123.4
104.2

124.1
104.7

124.9
105.5

126.6
106.4

127.6
107.1

127.9
107.9

98.6
123.7
126.6
119.2
115.1

104.7
130.4
134.5
124.0
119.8

104.1
130.0
134.2
123.5
119.3

105.1
130.7
134.6
124.6
120.4

106.6
131.6
135.3
125.7
121.4

105.0
134.6
139.6
126.8
122.2

107.8
135.6
140.4
128.1
122.7

105.1
136.3
140.8
129.4
123.5

130.1

136.7

136.1

137.3

138.9

140.8

142.1

144.1

113.4
97.2
136.7
137.8
131.7
119.4

117.4
103.7
143.8
145.3
137.2
123.3

117.0
104.2
142.9
144.3
136.7
123.2

117.8
103.7
144.6
146.2
137.6
123.4

118.7
105.3
146.4
148.1
138.8
123.7

119.2
107.2
148.6
150.1
141.7
124.6

119.9
105.5
150.4
152.1
142.9
124.7

121.0
110.3
152.3
154.1
144.2
125.4

State and local
Durable goods
Nondurable goods
Services
Compensation of employees
Other services
Structures

Table 7.18.—Current-Dollar Cost and Profit per Unit of Constant-Dollar Gross
Domestic Product of Nonfmancia! Corporate Business
[Dollars]

II

Seasonally adjusted

III

117.4

121.8

121.8

121.8

122.3

125.6

126.0

127.0

108.9

110.9

111.1

110.7

110.1

111.0

110.6

111.3

110.4
106.9
116.1
125.6
88.8
108.4
111.1
102.1

112.2
106.9
115.3
131.7
91.1
111.1
115.4
105.4

112.4
106.6
118.6
131.6
90.6
111.0
115.1
105.3

111.9
106.4
113.2
132.3
91.9
111.2
115.7
105.5

111.0
104.2
112.2
132.6
92.5
111.6
116.4
106.0

111.9
105.9
112.3
133.1
92.3
111.7
117.0
107.1

112.0
105.8
111.2
133.7
93.9
111.6
117.9
104.3

112.5
106.3
110.4
135.1
95.1
111.6
118.3
105.9

72.9

76.0

77.1

74.9

77.5

80.9

79.2

85.9

56.7
98.9
115.8

59.7
102.3
119.0

61.5
102.1
118.5

58.1
102.4
118.7

61.2
103.5
120.5

65.9
103.5
121.9

63.5
103.4
121.7

73.7
101.8
121.9

125.2

130.7

130.5

130.9

131.5

135.8

136.6

137.3

126.3
126.0
126.9
123.0
120.3
129.8
117.7
158.3
94.3
106.9

132.8
131.9
134.6
126.6
124.7
133.2
122.0
163.3
91.4
110.3

132.7
132.1
134.0
126.1
125.3
132.0
121.1
160.8
91.0
109.6

132.8
131.9
134.7
127.1
125.3
134.1
122.9
162.3
91.4
110.5

133.3
131.9
136.1
128.0
125.8
135.0
123.9
167.7
88.5
111.5

138.8
138.0
140.4
129.9
126.9
136.3
124.8
171.6
93.8
116.2

139.6
138.8
141.2
130.8
127.8
137.1
125.8
173.0
94.0
117.5

139.8
138.9
141.5
132.4
127.1
140.9
125.6
180.2
95.8
118.9

124.5

128.9

127.3

129.2

131.3

131.7

131.7

134.4

126.1
122.1

130.2
126.9

127.6
126.7

130.2
127.7

133.7
127.6

133.9
128.5

133.6
128.8

137.3
130.1

1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors
to operate installations.
2. Includes depot maintenance and contractual services for weapons systems.
3. Includes compensation of foreign personnel, consulting, training, and education.




IV

117.4

1990

1989

II

III

124.7

Federal

Seasonally adjusted
1988

1990

1989

1989

1988

1988

Current-dollar cost and profit per unit
of constant-dollar gross domestic
product '
Capital consumption allowances with capital
consumption adjustment
Net domestic product
Indirect business tax and nontax liability plus
business transfer payments less subsidies
Domestic income
Compensation of employees
,.
Corporate profits with inventory valuation
and capital consumption adjustments
Profits tax liability
Profits after tax with inventory valuation
and capital consumption adjustments
Net interest

1.132

1.174

1990

1989

1989

II

m

IV

I

II

1.171

1.178

1.189

1.200

1.213

m

.132

.135

.135

.135

1.008

1.043

1.042

1.046

1.054

1.065

1.078

.107
.901
.750

.112
.931
.782

.111
.931
.780

.113
.933
.782

.114
.939
.795

.117
.948
.803

.116
.962 II'.'.'.
.812

.111
.043

.099
.042

.102
.042

.100
.041

.092
.040

.093
.039

.097
.040

.068
.041

.057
.050

.060
.049

.059
.051

.052
.052

.053
.052

.057
.053

124

131

129

1. Equals the deflator for gross domestic product of nonfmancial corporate business with the decimal point
shifted two places to the left.

18

SURVEY OF CURRENT BUSINESS

October 1990

Table 8.1.—Percent Change From Preceding Period in Selected Series
[Percent]
Seasonally adjusted at annual rates

1988

1989
II

Gross national product:
Current dollars
1982 dollars
v^nam price inaex.
Personal consumption expenditures:
Current dollars *
1982 dollars l
Implicit price deflator.
Chain price index
Fixed-weighted price index

;

Durable goods:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Nondurable goods:
Current dollars
1982 dollars
implicit pnce deflator.
u.nam pnceinae .
Services:
Current dollars '
1982 dollars '
Implicit price deflator
Chain price index
Fixed-weighted price index
Gross private domestic investment:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

III

Seasonally adjusted at annual rates

1990

1989
IV

I

II

1988
III

6.7
2.5
4.1
4.3
4.5

5.8
1.6
3.9
4.4
4.6

5.1
1.7
3.2
3.1
3.1

3.9
.3
3.8
3.7
3.8

6.7
1.7
4.8
6.1
6.6

5.1
.4
4.7
4.1
3.9

5.3
1.8
3.4
3.6
4.1

7.6
3.6
3.8
4.0
4.1

6.5
1.9
4.6
4.7
4.8

6.6
1.3
5.1
5.3
5.7

7.0
4.6
2.2
2.6
2.7

4.0
-.8
5.0
4.9
4.7

8.2
1.1
6.8
6.8
7.4

3.9
.2
3.6
3.4
3.1

8.9
3.6
5.1
5.2
5.7

8.1
6.8
1.1
1.7
1.7

3.7
2.3
1.4
2.0
2.1

6.3
5.6
.7
.8
1.0

19.0 -10.7
14.4 -9.5
4.0 -1.4
3.7
.2
4.4
•5

4.0
3.0
1.1
.5
.5

National defense:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index ..

5.9
1.9
3.9
4.1
4.1

6.6
1.2
5.3
5.4
5.7

7.6
-1.7
9.3
9.5
10.2

3.7
3.9
0
.1
3

4.1
-.2
4.3
4.8
4.5

9.3
-3.2
12.8
12.9
13.2

1.5
-1.9
3.5
3.0
2.0

8.3
1.7
6.7
7.0
7.7

Nondefense:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

8.6
3.8
4.5
4.6
4.7

7.3
2.4
4.8
4.9
4.8

6.0
2.1
3.8
3.9
3.8

7.8
3.5
4.4
4.5
4.5

8.6
3.1
5.2
5.5
5.4

4.9
.1
4.8
4.1
4.3

9.5
5.1
4.2
4.5
4.4

10.4
5.1
5.0
5.3
5.5

6.8
5.5

3.2
1.6

3.7
1.2

-.5
1.8

-7.9
-4.7

6.5
0

.3
-.1

-6.6
-7.1

7.4
5.6
1.7
2.9
3.6

3.1
1.6
1.4
3.2
3.4

.5
1.6
-1.1
3.2
3.1

1.6
2.4
-.7
1.7
1.9

-4.8
-4.2
-.7
2.2
2.6

12.0
7.6
4.2
3.7
4.2

-6.8
-6.5
-.4
.6
1.3

2.9
1.0
1.9
1.7
2.2

9.8
8.3
1.3
2.5
3.6

4.8
3.9
1.0
3.0
3.4

3.9
6.9
-2.7
2.2
2.3

5.3
6.3
-1.2
1.9
2.0

-4.8
-3.8
-.8
3.0
3.2

9.1
5.0
3.6
3.8
4.4

-5.0
-4.7
0
.8
1.6

11.0
7.4
3.2
1.5
2.1

1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

4.6
-.3
5.0
4.8
5.8

4.5
0
4.5
3.5
3.0

-6.1
-8.2
2.0
3.7
1.7

8.0
7.1
1.0
2.0
.5

.3
1.3
-1.0
2.4
1.4

4.7
2.3
2.4
3.0
2.8

-4.2
-9.0
5.4
1.6
1.9

8.4
5.1
3.0
3.1
2.8

Producers' durable equipment:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

12.0
11.6
.3
1.6
2.2

5.0
5.2
-.2
2.8
3.6

8.2
12.2
-3.7
1.6
2.7

4.2
6.1
-1.7
1.8
3.0

-6.6
-5.2
-1.7
3.2
4.4

11.0
5.7
5.2
4.1
5.4

-5.2
-3.3
-2.1
.6
1.4

12.0
8.2
3.4
.9
1.7

-.6 -6.4
-4.1 -11.3
3.5
5.3
3.6
5.5
3.6
5.5

-6.4
-7.6
1.6
1.4
1.4

-5.1
-5.5
.3
.4
.5

18.9 -11.0 -13.7
15.1 -11.2 -15.4
0
2.3
3.3
.1
3.3
2.3
2.2
3.5
.3

Nonresidential:
Current dollars
1982 dollars
Implicit price deflator
Fixed-weighted price index
Structures:

,

2.7
-.8
3.6
3.6
3.5

Exports of goods and services:
Current dollars '
1982 dollars '
Implicit price deflator
Chain price index
Fixed-weighted price index

22.8
18.3
3.7
4.9
5.3

13.4
11.0
2.2
2.3
2.7

13.1
12.4
.8
2.0
2.3

-3.2
-.5
-2.6
-.4
-.3

12.8
13.5
-.8
-.3
0

12.0
11.2
.8
4.7
5.0

-1.0
-5.0
4.2
2.6
3.4

1.8
1.2
.4
3.5
3.4

Imports of goods and services:
Current dollars l
1982 dollars '
Implicit price deflator
Chain price index
Fixed-weighted price index

11.0
7.1
3.5
5.4
5.2

7.4
6.0
1.3
3.2
3.6

13.9
12.8
1.1
4.0
4.9

-4.1
6.4
-9.9
-4.9
-5.8

3.1
1.7
1.2
3.1
4.0

8.0
2.5
5.6
7.8
9.2

-3.8
.7
-4.5
-6.3
-7.0

16.9
6.0
10.1
12.0
14.1

,

1. Percent changes for 1986 and the first quarter of 1986 reflect discontinuities in the series.
NOTE.—The fixed-weighted price index and the chain price index, both of which are weighted averages of
the detailed prices used in the deflation of GNP, are measures of price change. In calculating changes in
these indexes, the composition of GNP is held constant. Consequently these changes reflect only changes in
prices. The fixed-weighted price index measures price change over any period, using as weights the
composition of GNP in 1982. The chain price index measures price change between two consecutive periods,

III

IV

I

II

III

6.6
2.3
4.2
4.4
4.7

5.8
4.0
1.9
3.5
3.3

2.0
-2.4
4.5
2.6
2.6

6.2
3.0
3.1
3.1
3.4

10.7
2.9
7.6
7.5
7.2

6.2
6.2
0
3.0
3.0

6.4
1.3
4.9
4.5
4.5

-.3
-3.4
3.2
2.3
1 4.0

5.2
2.1
3.0
3.6
4.2

4.3
7.0
-2.7
1.5
1.1

-3.2
-7.9
5.2
1.1
.8

.7
-.4
1.0
1.1
1.8

11.1
.4
10.7
10.3
9.5

11.5
16.4
-4.2
2.3
2.0

3.4
-.3
3.7
2.4
2.5

.9
-1.7
2.6
2.2
3.4

1.3
-1.7
3.1
3.3
3.8

3.3
3.2
.3
.7
1.4

7.8
7.2
.3
.6
.2

-9.0
-7.0
-2.0
.4
1.5

11.1
-1.7
13.3
10.9
11.2

3.2
3.3
-.3
2.0
1.4

2.0
.5
1.7
2.6
3.2

-4.2
-9.4
5.9
2.5
5.3

7.4 -30.6
19.0
16.6 20.3 -44.1
24.4
2.1 -10.5
4.9
3.7
2.5
5.4
.5
2.5

37.5
26.5
8.4
3.3
2.4

11.2 39.1
7.5 67.4
3.4 -16.8
8.6
3.3
5.5
3.5

7.3
-2.7
10.2
1.9
.8

.

State and local:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

7.8
2.9
4.7
4.8
4.9

7.4
2.4
5.0
5.0
5.0

6.7
1.8
4.9
4.8
4.8

5.5
1.8
3.6
3.6
3.8

9.8
5.6
4.2
4.4
4.5

10.5
4.8
5.4
5.7
5.7

3.1
-.6
3.5
3.4
3.7

8.3
2.5
5.8
5.8
5.8

3.3
3.8
4.1

1.9
4.4
4.6

1.8
4.6
4.9

2.8
2.5
2.6

-1.2
4.1
4.2

.5
6.5
7.0

1.3
2.9
2.9

2.5
4.6
5.0

4.5
3.7
4.2

2.5
4.3
4.5

1.7
4.4
4.6

1.8
3.1
3.1

.9
3.7
3.8

3.8
6.1
6.5

-.7
4.1
3.8

2.0
3.5
4.1

3.3
3.8
4.1

1.9
4.4
4.6

1.9
4.6
4.9

2.9
2.5
2.6

W7
4.1
4.2

2.5
6.5
6.9

.2
2.9
2.9

2.7
4.6
5.0

4.5
3.2

2.7
4.0

1.6
4.2

2.9
2.2

3.9

1.0
5.4

1.8
3.4

.4
4.7

4.4
3.3

2.5
4.0

2.1
3.9

1.4
3.5

-.1
3.5

1.8
4.8

1.2
4.7

1.6
3.4

4.6
3.1

2.4
4.0

1.9
4.0

1.1
3.3

-.4
3.6

1.8
4.2

.8
4.8

1.5
3.1

5.4
2.8

2.1
3.9

1.4
4.6

.8
3.3

-1.8
3.9

1.5
3.5

1.1
4.8

1.5
3.5

8.9
4.9

7.1
2.4

3.9
-1.2

5.1
2.7

6.1
1.2

9.6
2.5

4.0
.3

4.4
-.6

Addenda:

Gross domestic purchases:
1982 dollars

1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index




Federal:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

1990

1989
II

4.5
.2
4.2
3.8
4.6

Fixed-weighted price index

Fixed investment:

Residential:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

Government purchases of goods and services:
Current dollars
1982 dollars
Implicit price deflator.
Chain price index
Fixed-weighted price index

7.9
4.5
3.3
3.7
4.2

11.9 -12.4
9.6 -13.0
2.2
.7
2.6
1.6
1.9
2.6

1989

Final sales:
1982 dollars
_. , " . . . .

. .

Final sales to domestic purchasers:
1982 dollars
Chain price index
Command-basis gross national product:
1982 dollars
Implicit price deflator

,

Gross domestic product:
1982 dollars
Implicit price deflator
Business:
Implicit price deflator

.,

Nonfarm:
1982 dollars
Disposable personal income:
Current dollars
1982 dollars

.

using as weights the composition of GNP in the first period. The implicit price deflator is a byproduct of the
deflation of GNP. It is derived as the ratio of current- to constant-dollar GNP (multiplied by 100). It it the
average of the detailed prices used in the deflation of GNP, but the prices are weighted by the composition
of GNP in each period. Consequently, the implicit price deflator reflects not only changes in prices but also
changes in the composition of GNP, and its use as a measure of price change should be avoided.

October 1990

SURVEY OF CURRENT BUSINESS

19

NIPA Charts

Dec. Nov.
P
T

Jan. July
F T

July
P

Nov.
T

Change in busi

of goods and servi

purchases of goods

1964 65

66

67




68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90 1991

20

SURVEY OF CURRENT BUSINESS

Percent Change

Percent Change

15

10
I REAL GNP1

October 1990

1 GNP PRICE INDEX (FIXED WEIGHTS)1
1

1 REAL GROSS DOMESTIC PRODUCT

I

10

GROSS DOMESTIC PURCHASES PRICE INDEX
(FIXED WEIGHTS)1

-5
1987

1988

1989

1990

1987

Percent Change

Billion

15

500

1988

1989

1990

I

REAL GROSS DOMESTIC PURCHASES1

I

CORPORATE PROFITS WITH IVA AND CCAdj2

I

REAL FINAL SALES TO DOMESTIC PURCHASERS1

I

CORPORATE PROFITS BEFORE TAX2

10

400

300

200

-5

100
1987

1988

1989

1987

1990

1988

1989

1990

Percent

Percent Change

10
REAL DISPOSABLE PERSONAL INCOME1

1987

1988

PERSONAL SAVING RATE3

1990

1987

1 Percent change at annual rate from preceding quarter; based on seasonally adjusted estimates.
2$easonally adjusted annual rate; IVA is inventory valuation adjustment, and CCAdj is capital consumption adjustment.
Personal saving as percentage of disposable personal income; based on seasonally adjusted estimates.
U.S. Department of Commerce, Bureau of Economic Analysis
3




1988

1989

1990

REGIONAL PERSPECTIVES
Personal Income Growth
Slowed in
Second Quarter 1990

(chart 4). Personal income growth
slowed sharply in the Plains, Far West,
and Southeast regions and slightly in
the Southwest and Mideast regions.
Income growth was unchanged in the
IT ERSONAL income in the Nation in- Great Lakes and New England regions
creased only 1.3 percent in the second and picked up slightly in the Rocky
quarter of 1990, down from 2.1 percent Mountain region.
In the Plains region, personal income
in the first.1 The slowdown was wideincreased
0.3 percent in the second
spread: 38 States had slower growth
in the second quarter than in the first quarter after a 1.9-percent increase
in the first. Farm income and construction payrolls declined after an increase (table 1). A drop in Federal
1. Percent changes shown in this article are not at
annual rates.
farm subsidy payments contributed to
the farm income decline. In addition,
NOTE.—This article was written by Howard L. the payroll gain in retail trade was
Friedenberg and Rudolph E. DePass.
smaller in the second quarter than in




the first. By State, personal income
growth slowed in the second quarter in Iowa, Nebraska, South Dakota,
Kansas, and Missouri and picked up in
North Dakota and Minnesota.
In the Far West, personal income increased 1.6 percent in the second quarter after a 3.2-percent increase in the
first. Durables manufacturing payrolls
declined after being boosted by bonuses
in the aircraft industry in the first
quarter. Payroll gains in transportation and public utilities and in wholesale and retail trade were smaller in
the second quarter than in the first.
All of the Far West States had slowdowns in income growth in the second
quarter.
CHART 4

Slowdown in Personal Income Growth in Second Quarter 1990 was Widespread

LJ States with slower growth
LJ States with faster growth

U.S. Department of Commerce, Bureau of Economic Analysis

ffiv

22

SURVEY OF CURRENT BUSINESS

October 1990

Table 1.—Percent Change in Personal Income for the United States and BEA Regions, 1990:1 and 1990:11
[Change from preceding quarter, not at annual rates]
Personal income

1990:1

United States
Plains
Far West
Southeast
Southwest
Mideast
Great Lakes
New England
Rocky Mountain

2.1
1.9
3.2
2.7
1.7
1.7
1.6
.9
1.4

Wage and salary disbursements (payrolls)
Durables
manufacturing

Farm

Total
1990:11

1.3
.3
1.6
1.2
1.3
1.3
1.6
.9
1.6

1990:1

24.6
28.9
7.7
35.4
3.0
27.5
65.1
21.3
-13.4

1990:11

-10.6
-18.2
-1.7
-12.4
-3.5
-9.3
-16.2
-7.4
1.8

Nondurables
manufacturing

Construction

1990:1

1990:11

1990:1

1990:11

1990:1

-0.2
-2.9
.9
2.7
2.9
-1.1
-2.5
.7
1.6

1.2
-.2
-.1
.9
-1.1
.7
4.0
-.7
1.2

0.4
-.5
-.7

1.5
1.6
1.4
.5
1.1
1.3
3.6
-.4
3.2

4.3
1.1
4.6
2.0
-.4
1.7
-6.1
3.6

[4
.4
.5
1.0
-.9

13

Transportation
and public
utilities

1990:11

-0.8
-1.7
1.4
-1.1
.5
-1.2
-2.1
-4.1
-1.3

1990:1
1990:1

1990:11

3.1
-.3
3.1
3.4
2.9
5.3
2.1
4.4
2.2

1.9
2.1
2.4
2.5
2.7
-.1
2.4
1.3
2.6

In the Southeast, personal income slowdown. Payrolls in transportation
increased 1.2 percent in the second and public utilities also declined after a
quarter after a 2.7-percent increase first-quarter gain. Payroll gains in rein the first. Farm income and con- tail trade and services were smaller in
struction payrolls declined in the sec- the second quarter than in the first. All
ond quarter after increasing in the of the Mideast States except New Jerfirst. Moreover, payroll gains in both sey had slowdowns in income growth
durables and nondurables manufactur- in the second quarter.
In the Great Lakes region, personal
ing, in transportation and public utilities, and in retail trade were smaller income increased 1.6 percent in the
in the second quarter than in the first. second quarter, the same rate as in
All of the Southeast States had slow- the first. Downswings in farming
downs in income growth in the second and construction were offset by pickups in manufacturing and the private
quarter.
In the Southwest, personal income service-type industries (transportation
increased 1.3 percent in the second and public utilities; wholesale trade;
quarter after a 1.7-percent increase in retail trade; finance, insurance, and
the first. Farm income and durables real estate; and services). Within manmanufacturing payrolls declined in the ufacturing, durables payrolls increased
second quarter after increasing in the in the second quarter after declining
first. In addition, payroll gains in con- in the first; a second-quarter increase
struction, in transportation and public in motor vehicle output (but only back
utilities, and in wholesale and retail up to the relatively low level of late
trade were smaller in the second quar- 1989) boosted these payrolls, which
ter than in the first. All of the South- had declined in the first quarter as
west States except New Mexico had firms cut output to reduce inventories
slowdowns in income growth in the in response to low domestic car sales.
Payrolls in the private service-type insecond quarter.
In the Mideast, personal income in- dustries increased more in the second
creased 1.3 percent in the second quar- quarter than in the first. By State,
ter after a 1.7-percent increase in the personal income growth slowed in the
first. A decline in construction payrolls second quarter in Wisconsin, Indiana,
that was larger in the second quar- and Illinois and picked up in Michigan
ter than in the first contributed to the and Ohio.




Wholesale trade

1.2
1.1
4.0
1.3
2.1
-.5
.4
-2.0
4.7

1990:11

1.6
1.2
2.2
1.8
1.2
1.2
1.9
.2
2.0

Retail trade
1990:1

1.9
1.8
2.6
2.7
2.7
1.3
1.0
.3
1.8

1990:11

1.5
1.2
2.3
1.6
1.8
.8
1.7
.3
3.0

Finance,
insurance, and
real estate
1990:1

1990:11

0.7
1.3
.9
.6
.5
.5
.9
1.0
.7

2.3
2.3
2.9
2.3
1.8
2.2
2.1
2.3
2.5

Services
1990:1

1990:11

1.9
1.4
3.0
2.4
1.5
2.3
1.0
.4
1.3

2.4
2.4
3.0
2.5
2.2
2.2
2.4
1.6
3.0

In New England, personal income
increased 0.9 percent in the second
quarter, the same rate as in the first.
A downswing in manufacturing in the
second quarter was offset by pickups
in three of the private service-type industries. Within manufacturing, both
durables and nondurables payrolls declined after an increase. Among private service-type industries, wholesale
trade payrolls increased in the second quarter after declining in the first,
and payrolls in finance, insurance, and
real estate and in services increased
more in the second quarter than in
the first. By State, personal income
growth slowed in the second quarter in Vermont, Maine, Rhode Island,
and Massachusetts and picked up in
Connecticut and New Hampshire.
In the Rocky Mountain region, personal income increased 1.6 percent in
the second quarter after a 1.4-percent
increase in the first. Farm income
and nondurables manufacturing payrolls increased in the second quarter
after declining in the first. Payroll
gains in all private service-type industries except wholesale trade were
larger in the second quarter than in
the first. By State, personal income
growth picked up in the second quarter
in Montana, Colorado, and Utah and
slowed in Idaho and Wyoming.

23

SURVEY OF CURRENT BUSINESS

October 1990

State Personal Income, Summary Estimates for Second Quarter 1990
Table 1.—Total Personal Income, States and Regions
[Millions of dollars, seasonally adjusted at annual rates]

I'

Great Lakes
Illinois
Indiana
Michigan .
Ohio
Wisconsin . .
Plains
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
Southeast
Alabama....
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina.. .
Tennessee ..
Virginia
West Virginia

,

.
.
..

.

.
.
' .
*
,
,

. .
.
...

<

.

.
..

....
....

Southwest
Arizona
New Mexico
Oklahoma
Texas
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
Far West
California..
Nevada
Oregon
Washington
Alaska
Hawaii

HI'

IV '

I'

II'

III'

IV

I'

II'

Percent change

1990

HI'

IV

I'

UP

3,659,131 3,705,016 3,766,088 3,887,349 3,940,129 4,022,465 4,095,777 4,176,250 4,287,087 4347,177 4,385348 4,452,904 4346,227 4,605,604

United States '
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island... .
Vermont
Mideast . . . .
Delaware ...
District of Columbia
Maryland
New Jersey
New York
Pennsylvania

II'

1989

1988

1987
State and region

.

1990:11990:11

1989:111990:11

1.3

5.9

230,668
65,926
15,937
108,134
18,215
14,942
7,513

235,480
67,387
16,332
110,212
18,675
15,178
7,696

241,737
69,042
16,771
113,223
19,262
15,563
7,876

249,533
71,189
17,319
116,786
20,059
16,049
8,130

253375
72,391
17,481
118,869
20,290
16,170
8,174

259318
73,851
17,914
121,828
20,860
16,651
8,414

265,318
75,661
18,376
124,331
21,306
16,957
8,687

271,941
77,919
18,807
127,333
21,820
17,253
8,810

276,448
78,369
19,553
129,441
22,256
17,663
9,166

279,923
79,695
19,789
130,819
22,445
17,894
9,281

281,875
80,316
19,924
131,791
22,532
18,003
9,310

283,986
81,365
20,174
132,422
22,533
18,116
9,375

286,403
81,195
20,603
133,755
22,666
18,546
9,637

288,893
82,042
20,620
134,866
23,008
18,692
9,666

.9
1.0
.1
.8
1.5
.8
.3

3.2
2.9
4.2
3.1
2.5
4.5
4.1

736,991
10,198
11,801
79,877
150,797
309,408
174,909

750,712
10,432
11,959
81,500
153,340
315,156
178,325

766,680
10,663
12,224
83,353
157,070
321,764
181,606

789,910
11,002
12,696
86,154
162,064
331,303
186,691

807,011
11,007
12,891
87,910
165,821
341,144
188,238

822,416
11,299
13,359
89,458
169,223
347,727
191,350

842,834
11,676
13,815
92,304
173,980
355,081
195,978

861350
11,845
14,068
93,695
178,315
364,595
198,831

877,200
12,216
14,012
96,542
180,049
370,273
204,107

891,331
12,392
14,218
98,143
182,967
376,973
206,638

900357
12,513
14,123
99,345
185,350
379,913
209,313

912,476
12,629
14,410
100,489
187,406
385,934
211,608

927,949
12,989
14,553
102,923
189,977
392,276
215,230

940,009
13,095
14,720
104,103
192,891
397,812
217388

1.3
.8
1.1
1.1
1.5
1.4
1.0

5.5
5.7
3.5
6.1
5.4
5.5
5.2

623,437
185,368
75,187
140,120
154,172
68,589

627332
186,619
75,709
141,075
154,985
68,945

636^96
189,355
76,773
142,470
157,669
70,329

657,287
197,070
79,716
146,079
161,816
72,606

665,634
200,951
80,898
147,865
163,309
72,611

673,291
202,017
81,395
149,716
166,572
73,591

683,711
204,480
82,413
152,903
169,140
74,775

694,138
208,571
82,632
155,302
171,401
76,232

716,215
215,596
87,394
158,298
175,779
79,149

724384
218,202
88,153
160,577
177,930
79,723

731,658
220,407
88,393
163,252
179,542
80,064

739,937
223,589
89,062
164,930
181,083
81,272

751,704
227,140
91,620
165,649
184,084
83,211

763,824
229,459
93,058
169,251
188,072
83,984

1.6
1.0
1.6
2.2
2.2
.9

5.4
5,2
5.6
5.4
5.7
5.3

254,262
39,341
36,469
65,626
73,299
22,104
8,727
8,698

251,951
37,636
36,700
65,306
73,622
21,577
8,495
8,614

252336
37,274
36,628
66,390
74,431
21311
8,017
8,484

268,750
42,185
38,320
69,535
76,549
24,129
8,717
9,314

267,902
41,509
38,090
70,184
76,953
23,105
8,788
9,274

270,418
40,430
39,348
70,672
78,506
23,891
8,530
9,040

267,893
40,057
38,908
70,857
79,165
22,704
7,562
8,640

273,925
40,076
40,300
72,139
80,604
23,734
8,055
9,017

285378
43,835
40,657
74,896
82,390
24,818
9,036
9,746

288,670
43,740
41,418
76,449
83,589
24,875
8,828
9,772

288,777
43,557
41,111
76,952
84,456
24,554
8,586
9,561

297,045
44,783
42,630
79,149
85,775
25,294
9,360
10,054

302,761
46,792
43,076
79,849
86,947
26,685
9,103
10,309

303,811
45,725
43,363
80,665
87,871
26,584
9,215
10,387

.3
-2.3
.7
1.0
1.1
-.4
1.2
.8

5.2
4.5
4.7
5.5
5.1
6.9
4.4
6.3

760,677
47,722
27,055
180,426
86,467
43,172
50,525
26,695
82,381
40,116
61,017
94,671
20,428

771^68
48,207
26,903
184,029
87,880
43,889
50,161
26,547
84,017
40,866
61,795
96,437
20,635

786,769
49,193
27,040
188,227
89,749
44,918
50,888
26,878
85,894
41,606
62,902
98,606
20,868

810,109
50,633
27,775
194,576
92,547
46,200
51,969
27,472
88,323
42,803
65,098
101,446
21,266

818,203
50,834
27,875
196,052
93,747
46,373
52,630
28,080
89,319
43,212
65,889
102,836
21,358

839,623
52,308
29,479
201,188
96,209
47,368
53,800
28,915
91,376
44,446
67,550
105,430
21,554

856,363
53,122
29,338
206,958
97,952
48,225
54,164
29,193
93,712
45,241
68,753
107,832
21,874

870,920
54,031
29,648
210,875
99,532
48,686
55,132
29,694
95,311
45,969
70,008
109,942
22,091

896,213
55,256
31,151
217,563
101,756
50,701
55,891
30,579
98,248
47,861
71,334
113,010
22,864

907,693
56,044
30,942
222,295
103,008
50,806
56,413
30,628
99,467
48,343
72,211
1 14,888
22,649

912,144
56,229
30,791
225,352
103,686
51,282
56,655
30,679
99,950
45,636
72,950
116,000
22,935

929,110
56,916
31,257
229,228
104,799
52,070
57,500
31,045
101,786
49,686
73,850
117,737
23,236

954,307
58,500
32,911
234,344
107,737
53,940
59,107
31,962
104,740
51,328
75,419
120,230
24,089

965,794
59,294
33,024
238,665
109,102
54,331
59,592
32,204
105,627
51,947
76,102
121,629
24,276

1.2
1.4
.3
1.8
1.3
.7
.8
.8
.8
1.2
.9
1.2
.8

6.4
5.8
6.7
7.4
5.9
6.9
5.6
5.1
6.2
7.5
5.4
5.9
7,2

332,388
47,485
17,372
40,492
227,039

333,582
48,269
17,626
40,392
227,295

338325
48,792
17,827
40,852
230,854

346,727
50,515
18,214
41,465
236,533

350382
50,719
18,247
42,037
239,579

360,913
51,852
18,663
42,763
247,634

365,300
52,888
18,781
43,272
250,360

372344
53,475
19,203
44,048
255,818

381328
55,123
19,531
44,949
261,926

386,569
55,805
19,953
45,356
265,454

389303
56,564
20,185
45,540
267,014

397,427
57,291
20,649
46,705
272,782

404,365
58,209
20,832
47,505
277,820

409344
59,005
21,094
47,943
281,502

1.3
1.4
1.3
.9
1.3

5,9
5.7
5.7
5.7
6.0

97,174
50,506
11,590
10,012
18,922
6,143

98,448
51,118
11,773
9,954
19,317
6,285

99,001
51,406
11,947
9,941
19,414
6,294

101,067
52,797
12,036
10,013
19,826
6,394

101344
52,805
12,238
10,044
20,067
6,390

104,102
54,161
12,558
10,248
20,496
6,638

105,111
54,608
12,798
10,205
20,877
6,624

107,871
55,850
13,153
10,946
21,257
6,665

110,107
56,907
13,652
11,097
21,680
6,770

112,021
57,874
13,817
11,282
22,217
6,830

112,714
58,388
13,821
11,158
22,444
6,903

115,848
59,717
14,301
11,831
22,965
7,034

117,443
60,305
14,909
11,686
23,399
7,144

119,281
61,449
14,977
11,756
23,877
7,223

1.6
1.9
.5
.6
2.0
1.1

6.5
6.2
8.4
4.2
7.5
5.8

597,810
476,520
15,813
36,727
68,750

610,018
486,781
16,168
37,292
69,777

617,884
492,445
16,640
37,997
70,802

636,722
507,641
17,300
38,869
72,912

648,153
516,955
17,838
39,585
73,774

663,975
529,518
18,533
40,505
75,419

680,535
543,228
19,184
41,362
76,761

693,995
553,179
19,732
42,511
78,573

713,477
568,003
20,591
43,463
81,419

724,683
575,767
21,148
44,550
83,218

735,662
584,068
21,643
45,180
84,771

744,154 767,824
588,912 608,428
22,230 . 22,866
47,303
46,375
86,636
89,227

780336
618,878
23,233
48,098
90,127

1.6
1.7
•1.6
1.7
1.0

7.7
7.5
9.9
8.0
8.3

9,475
16,248

9,557
16,568

9,605
16,956

9,759
17,487

9,837
17,888

10,023
18,186

10,122
18,589

10,393
19,174

10,758
19,764

11,409
20,294

11,819
20,838

11,644
21,277

11,800
21,671

12,087
22,025

2.4
1.6

5.9
8.5

279,923
766,577
724,584
288,670
735,403
209,689
398,166
208,927
735,238

281,875
774,575
731,658
288,777
739,541
211,139
399,999
211,107
746,676

283,986
784,948
739,937
297,045
754,000
213,881
408,244
216,018
754,844

286,403
797,484
751,704
302,761
772,932
219,821
417,343
219,349
778,429

288,893
808,091
763,824
303,811
783,165
221,931
422,061
222,614
791,215

.9
1.3
1.6
.3
1.3
1.0
1.1
1.5
1.6

3.2
5.4
5.4
5.2
6.5
5.8
6.0
6.6
7.6

Census Divisions

New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central
West South Central
Mountain
Pacific

230,668
635,114
623,437
254,262
606,366
178,607
345,111
177,844
607,720

235,480
646,821
627,332
251,951
617,756
180,439
344,751
180,511
619,975

241,737
660,440
636,596
252,536
631,191
183,891
349,633
182,260
627,805

249,533
680,058
657,287
268,750
650,813
189,403
357,742
187,096
646,668

253,375
695,203
665,634
267,902
658,331
191,176
362,121
188,348
658,039

259,518
708,300
673,291
270,418
674,319
196,141
373,676
193,150
673,651

' Revised.
Preliminary.
1. The personal income level shown for the United States is derived as the sum of the State estimates; it
differs from the national income and product accounts (NIPA) estimate of personal income because, by definition, it omits the earnings of Federal civilian and military personnel stationed abroad and of U.S. residents
p




265,318
725,039
683,711
267,893
691,364
199,292
377,134
195,964
690,062

271,941
741,741
694,138
273,925
703,328
202,421
384,646
200,281
703,829

276,448
754,429
716,215
285,378
724,072
207,870
393,916
205,351
723,407

employed abroad temporarily by private U.S. firms. It can also differ from the NIPA estimate because of different data sources and revision schedules.
NOTE.—The quarterly estimates of State personal income were prepared by Francis G. McFaul, James P.
Stehle, Isabelle B. Whiston, and James M. Zavrel, under the supervision of Robert L. Brown.

24

SURVEY OF CURRENT BUSINESS

October 1990

Table 2.—Nonfarm Personal Income, States and Regions
[Millions of dollars, seasonally adjusted at annual rates]

I'

II'

III'

IV

I'

II'

III'

W.

I'

II'

Percent change

1990

1989

1988

1987
State and region

III'

IV'

I'

,„

3,607,941 3,661,413 3,728,115 3,829,455 3,888,588 3,968336 4,051,751 4,131,445 4,223,412 4,293,701 4,345,833 4,405301 4,486,896 4,552,556

1990:11990:11

1989:111990:11

1.5

6.0

230,004
65,771
15,819
107,939
18,165
14,902
7,408

234,758
67,219
16,208
110,001
18,620
15,133
7,577

240,988
68,871
16,640
113,010
19,199
15,517
7,750

248,760
71,007
17,185
116,564
19,998
15,999
8,007

252,758
72,253
17,392
118,674
20,238
16,134
8,068

258,822
73,693
17,819
121,607
20,799
16,609
8,295

264,464
75,471
18,250
124,063
21,231
16,904
8,544

271,196
77,750
18,697
127,100
21,756
17,207
8,686

275,643
78,182
19,411
129,195
22,201
17,614
9,039

279,217
79,529
19,669
130,603
22,395
17,852
9,168

281,211
80,165
19,808
131,592
22,483
17,964
9,200

283,290
81,209
20,042
132,222
22,485
18,075
9,256

285,558
81,005
20,451
133,499
22,611
18,496
9,496

288,111
81,862
20,490
134,635
22,952
18,646
9,525

.9
1.1
.2
.9
1.5
.8
.3

3.2
2.9
4.2
3.1
2.5
4.4
3.9

Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania

734,997
10,077
11,801
79,515
150,565
308,866
174,173

748,540
10,309
11,959
81,130
153,084
314,568
177,491

764,572
10,547
12,224
83,004
156,815
321,183
180,800

787,462
10,855
12,696
85,715
161,783
330,637
185,775

804,797
10,871
12,891
87,541
165,577
340,446
187,472

820,034
11,134
13,359
89,038
168,953
347,031
190,518

840,139
11,458
13,815
91,819
173,674
354,324
195,049

858,907
11,644
14,068
93,249
178,033
363,898
198,015

874,175
11,995
14,012
95,984
179,735
369,428
203,020

888,594
12,190
14,218
97,713
182,684
376,148
205,641

898,227
12,356
14,123
98,986
185,118
379,219
208,427

910,041
12,464
14,410
100,112
187,165
385,226
210,663

924,843
12,766
14,553
102,341
189,689
391,401
214,094

937,193
12,907
14,720
103,671
192,617
396,963
216,315

1.3
1.1
1.1
1.3
1.5
1.4
1.0

5.5
5.9
3.5
6.1
5.4
5.5
5.2

Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin

617,278
183,727
73,915
139,390
153,283
66,963

622,856
185,660
74,928
140,528
154,208
67,533

633,422
189,092
76,404
141,952
157,118
68,857

647,846
193,769
78,394
144,895
160,468
70,321

656,926
197,800
78,800
147,123
162,102
71,101

667,165
200,097
80,205
149,115
165,579
72,168

681,484
204,575
82,210
152,590
168,612
73,497

692,772
208,759
83,349
154,848
171,117
74,698

706,180
212,197
85,783
157,259
174,575
76,365

716,177
215,587
86,766
159,618
176,881
77,325

726,218
218,756
87,555
162,641
178,879
78,386

734,033
221,834
88,109
164,299
180,355
79,435

741,957
223,545
89,844
164,709
182,944
80,916

755,655
226,631
91,621
168,472
187,174
81,757

1.8
1.4
2.0
2.3
2.3
1.0

5.5
5.1
5.6
5.5
5.8
5.7

Plains
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota

241,455
35,671
34,703
63,368
72,352
20,006
7,682
7,672

243,762
36,174
35,143
63,886
72,933
20,187
7,716
7,723

247,169
36,559
35,679
65,022
73,816
20,496
7,771
7,826

252,041
37,388
36,359
66,374
75,281
20,849
7,810
7,981

254,538
37,518
36,636
67,509
75,944
21,063
7,824
8,044

259,065
38,056
37,499
68,815
77,429
21,260
7,835
8,171

262,647
38,754
37,991
69,687
78,584
21,548
7,842
8,243

267,789
39,587
38,667
71,448
79,727
22,003
7,954
8,404

272,758
40,434
39,556
72,132
81,320
22,543
8,153
8,621

278,617
41,315
40,209
74,387
82,651
22,990
8,259
8,805

282,506
41,813
40,650
75,389
83,954
23,366
8,390
8,945

287,455
42,715
41,301
77,136
84,826
23,799
8,554
9,124

290,396
43,206
41,835
77,162
86,025
24,182
8,656
9,331

293,694
43,495
42,255
78,241
87,059
24,493
8,722
9,430

1.1
.7
1.0
1.4
1.2
1.3
.8
1.1

5.4
5.3
5.1
5.2
5.3
6.5
5.6
7.1

Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia

749,618
46,845
25,383
178,480
85,343
42,474
49,634
25,587
81,062
39,794
60,413
94,222
20,380

761392
47,435
25,744
181,900
86,780
43,044
49,748
25,805
82,670
40,542
61,226
95,918
20,579

776,969
48,422
26,087
185,928
88,728
43,973
50,459
26,262
84,533
41,312
62,334
98,118
20,812

799,370
49,789
26,691
192,267
91,350
45,124
51,568
26,906
86,729
42,450
64,438
100,842
21,217

807,508
49,968
26,910
193,787
92,649
45,442
51,928
27,132
88,010
42,864
65,251
102,265
21,302

826,073
51,264
27,444
198,701
94,960
46,322
52,737
27,724
89,801
44,018
66,814
104,800
21,488

842,933
51,911
27,788
204,052
96,546
47,172
53,469
28,210
91,962
44,869
68,032
107,120
21,803

857,272
52,795
28,143
208,240
98,034
47,690
54,123
28,588
93,661
45,531
69,176
109,268
22,022

880,050
54,031
28,846
214,718
100,119
49,083
54,829
29,342
96,211
47,349
70,437
112,283
22,802

894,683
55,015
29,374
219,727
101,571
49,510
55,786
29,851
97,661
47,896
71,540
114,165
22,588

902,202
55,375
29,875
223,188
102,483
50,259
56,323
30,175
98,491
45,302
72,457
115,391
22,881

918,560
56,041
30,343
227,098
103,657
50,828
57,112
30,486
100,192
49,266
73,235
117,112
23,189

940,018
57,406
31,096
231,984
106,160
52,199
58,347
31,128
102,697
50,833
74,668
119,466
24,035

953,280
58,184
31,489
236,826
107,685
52,872
58,946
31,489
103,742
51,517
75,423
120,884
24,223

1.4
1.4
1.3
2.1
1.4
1.3
1.0
1.2
1.0
1.3
1.0
1.2
.8

6.5
5.8
7.2
7.8
6.0
6.8
5.7
5.5
6.2
7.6
5.4
5.9
7.2

325,604
46,811
17,087
39,135
222,571

328,167
47,655
17,291
39,379
223,841

333,589
48,247
17,576
39,931
227,835

341,709
49,947
17,938
40,495
233,330

345,719
50,125
17,965
40,876
236,753

354,108
51,092
18,352
41,605
243,059

360,234
52,248
18,499
42,139
247,348

366,150
52,877
18,851
42,737
251,685

374,667
54,371
19,227
43,550
257,519

381,087
55,267
19,657
44,198
261,965

385,725
56,097
19,903
44,685
265,039

392,289
56,771
20,218
45,513
269,788

399,073
57,606
20,543
46,239
274,685

404,436
58,494
20,806
46,739
278,396

1.3
1.5
1.3
1.1
1.4

6.1
5.8
5.8
5.7
6.3

,

95,115
49,893
10,916
9,436
18,771
6,099

96,098
50,352
11,007
9,466
19,112
6,161

97,035
50,868
11,151
9,548
19,238
6,230

99,076
51,990
11,410
9,705
19,641
6,332

99,836
52,230
11,593
9,806
19,890
6,317

101,804
53,222
11,830
10,007
20,250
6,494

103,306
53,966
12,042
10,110
20,636
6,551

105,158
54,936
12,276
10,376
21,006
6,563

107,522
56,067
12,661
10,590
21,477
6,727

109,574
57,021
12,911
10,830
22,020
6,793

110,925
57,761
13,098
10,907
22,278
6,881

112,882
58,714
13,349
11,105
22,733
6,980

114,875
59,450
13,779
11,353
23,193
7,101

116,667
60,537
13,872
11,413
23,668
7,177

1.6
1.8
.7
.5
2.0
1.1

6.5
6.2
7.4
5.4
7.5
5.7

,

588,394
469,401
15,768
35,953
67,271

599,978
479,242
16,111
36,397
68,229

608,091
484,936
16,585
37,167
69,402

626,228
499,457
17,247
37,995
71,529

639,034
509,985
17,789
38,729
72,530

653322
521,349
18,471
39,513
73,989

668,130
533,664
19,121
40,221
75,125

682,911
544,903
19,668
41,436
76,904

702,146
559,511
20,509
42,462
79,664

714,289
568,010
21,074
43,634
81,571

726398
577,104
21,581
44,372
83,341

734,074
581,617
22,163
45,399
84,895

756,964
600,575
22,785
46,289
87,315

769,664
610,979
23,155
47,112
88,418

1.7
1.7
1.6
1.8
1.3

7.8
7.6
9.9
8.0
8.4

9,464
16,013

9,545
16,316

9,584
16,697

9,745
17,216

9,826
17,647

10,011
17,932

10,105
18,310

10,375
18,913

10,746
19,526

11,398
20,067

11,809
20,613

11,630
21,046

11,787
21,425

12,076
21,782

2.4
1.7

5.9
8.5

279,217
764,473
716,177
278,617
727,729
205,916
391,322
205,572
724,679

281,211
772,763
726,218
282,506
733,201
208,267
395,922
208,506
737,238

283,290
783,054
734,033
287,455
747,501
210,591
402,756
212,034
744,587

285,558
795,184
741,957
290,396
764,834
215,401
410,367
215,809
767,391

288,111
805,894
755,655
293,694
776,174
217,968
415,571
219,122
780,366

.9
1.3
1.8
1.1
1.5
1.2
1,3
1.5
1.7

3.2
5.4
5.5
5.4
6.7
5.9
6.2
6.6
7.7

United States
New England .
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont

.

Southwest
Arizona
New Mexico
Oklahoma
Texas

...

Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming

,

Far West
California
Nevada
Oregon
Washington
Alaska
Hawaii

Census Divisions

New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central
West South Central
Mountain
Pacific

.

230,004
633,604
617,278
241,455
600,675
175,319
336,723
174,781
598,103

234,758
645,142
622,856
243,762
611,786
177,511
338,713
177,155
609,729

240,988
658,798
633,422
247,169
625,205
180,991
344,313
179,443
617,786

' Revised.
Preliminary.
NOTE.—Nonfarm personal income is total personal income less farm earnings.

p




248,760
678,195
647,846
252,041
644,121
186,257
352,084
184,208
635,942

252,758
693,495
656,926
254,538
652,179
187,793
356,467
185,715
648,717

258,822
706,502
667,165
259,065
667,300
192,124
364,845
189,719
662,793

264,464
723,047
681,484
262,647
683,443
195,325
370,743
193,174
677,424

271,196
739,946
692,772
267,789
695,718
198,249
376,689
196,553
692,532

275,643
752,183
706,180
272,758
715,474
202,893
384,744
201,629
711,910

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10/90

By REGIONAL ECONOMIC ANALYSIS DIVISION

Metropolitan Statistical Area Projections of
Income, Employment, and Population to the Year 2000
1HIS article presents metropolitan tals. In the third step, projections cept New England, where cities and
statistical area (MSA) projections to for each State were distributed among towns are the primary units. In this
the year 2000 of total personal in- substate areas according to the his- region, OMB recognizes alternative
come, per capita personal income, em- torical record of each substate area's county-based areas, which are termed
ployment, and population. The MSA share of the State totals. In the "New England county metropolitan arprojections are based on data through fourth step, the substate-area pro- eas" (NECMA's). Because the data
1988; they update the projections jections were summed to arrive at to estimate economic activity for New
England cities and towns are insuffibased on data through 1983 presented projections for the MSA's.2
Table 1 shows projections for the cient, the NECMA definitions are used
in the October 1985 SURVEY OF CURRENT
BUSINESS. These new projections are 336 metropolitan areas recognized as in these projections.
The geographic definition of each
consistent with the State projections of June 1989 by the Office of Managethat were presented in the May 1990 ment and Budget (OMB) for Federal metropolitan area is held constant
statistical purposes. Most of the ar- for the entire historical and projected
SURVEY.1
The MSA projections are based on eas are classified simply as MSA's. data series; that is, the counties in a
an extension of past economic rela- However,. if an area has more than metropolitan area as of June 1989 are
tionships and assume no major policy 1 million residents and meets other included in that area for the earlier
changes; they are baseline projections. criteria, it is classified as a "consol- years, even though they may not have
They are neither goals for, nor lim- idated metropolitan statistical area" been officially part of the metropolitan
its on, future economic activity in any (CMSA), which consists of two or more area earlier.
The 336 metropolitan areas in table
MSA. These projections have three ma- primary metropolitan statistical areas
1 consist of 249 MSA's, 15 NECMA's
jor uses: (1) Assessing future demand (PMSA's).
The metropolitan areas are defined (excluding the Bridgeport-Stamfordfor goods and services by households,
businesses, and government, (2) an- in terms of counties in all regions ex- Norwalk-Danbury, CT, NECMA), and
17 CMSA's comprising
55 PMSA's
alyzing economic trends to anticipate
3
future economic problems, and (3) pro2. The substate areas are defined so that their (including Bridgeport).
viding baselines with which to com- boundaries do not cross State or MSA boundaries.
3. The Bridgeport-Stamford-Norwalk-Danbury, CT,
information on projection methodology is
pare policy forecasts in measuring the Additional
available in the three-volume set, BEA Regional Pro- NECMA (Fairfield County) is considered a PMSA and a
component
of the New York-Northern New Jersey-Long
effects of policies.
jections to 2040; see the box on data availability for
Island, NY-NJ-CT, CMSA.
The projections were made in four ordering information.
steps. In the first step, the national
projections were developed. In the
second step, the national projections
Data Availability
were distributed among the States
according to the historical record of
BEA Regional Projections to 2040 is published as a three-volume set. Each volume contains
each State's share of the national toprojections of economic activity and population for 1995, 2000, 2005, 2010, 2020, and 2040 and a
NOTE.—BEA's regional projections program is
under the guidance and direction of Hugh
W. Knox, Associate Director for Regional Economics. The MSA projections were prepared
under the supervision of Kenneth P. Johnson,
Chief of the Projections Branch of the Regional
Economic Analysis Division, by Lyle Spatz, Duane G. Hackmann, Gerard P. Aman, George K.
Downey, and John S. Turner. The projections
were developed from historical estimates of earnings, income, and employment prepared by the
Regional Economic Measurement Division under
the direction of Linnea Hazen, Chief.
1. Kenneth P. Johnson, John R. Kort, and Howard L.
Friedenberg, "Regional and State Projections of Income,
Employment, and Population to the Year 2000," SURVEY
OF CURRENT BUSINESS 70 (May 1990): 33-54. This article discusses projected trends in economic activity and
population for regions and States.




discussion of the projection methodology. Volume 1: States presents projections of total personal
income classified by major income components, of per capita personal income, of population for
three age groups, and of earnings and employment—each of which is shown for 57 industrial
groups. Volume 2: Metropolitan Statistical Areas and Volume 3: BEA Economic Areas present
projections of total personal income, of per capita personal income, of total population, and of
earnings and employment—each of which is shown for 14 industrial groups. All three volumes
are available from the U.S. Government Printing Office. Ordering information appears on the
inside back cover of this issue; volumes 2 and 3 are scheduled to be available by late November
1990.
The regional projections are also available on diskettes from BEA. Orders should specify the
item's accession number and price.
States: Accession No. BEA REA 90-420, $40.00 (two diskettes).
MSA's: Accession No. BEA REA 90-430, $40.00 (two diskettes).
BEA economic areas: Accession No. BEA REA 90-440, $40.00 (two diskettes).
Send diskette orders to Public Information Office, Order Desk BE-53, Bureau of Economic
Analysis, U.S. Department of Commerce, Washington, DC 20230. Payment by check or money
order (payable to the Bureau of Economic Analysis) must accompany the order.
For more information, write to Regional Economic Analysis Division, BE-61, Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230; phone (202) 523-0959;
or fax (202) 523-7338.

27

SURVEY OF CURRENT BUSINESS

October 1990

Table 1.—Total Personal Income, Per Capita Personal Income, Population, and Employment by Metropolitan Area, 1988,1995, and 2000

1988

1995

2000

growth
rate
(percent)

Rank

1982 dollars

Average

United States '

Thousands of persons

United
States

1988

1995

1988

2000

1995

2000

3,255,648 3,756,405 4,108,386

2.0

13,245 14,469 15,345

Average
growth
rate
(percent)

Thousands of jobs

1988

1995

2000

Average
annual
growth
rate
(percent)
19882000

19882000

2000

19882000

Employment

Population

Per capita personal income

Total personal income
Millions of 1982 dollars

132,503 144,017 151,450

1.1

645
4,849
1,010
1,557
2,481
1,315
2,521
2,068
8,633
1,866
1,005
10,801
3,469
1,164
910
4,220
1,644

665
5,085
1,055
1,607
2,624
1,406
2,623
2,177
9,253
1,980
1,047
11,193
3,629
1,203
965
4,523
1,757

.7
1.1
1.0
.7
1.2
1.5
.9
1.1
1.6
1.3
.9
.8
1.0
.7
1.3
1.6
1.5

74
338
63
520
331
62
354
66
106
1,716
150
64
70
217
63
194
105
88
2,002
229
227
192
490
282
1,476
84
277
73
167
64
69
86
862
72
109
152
515
52
68
80
134
2,785
168
99
78
97
576
97
67
543
70
103
203
36
118
119
290
131
784
91
256
44
3,871
88
889
88
1,108
257
77
314
147
881
169

76
349
65
541
356
64
368
68
110
1,884
156
66
72
230
65
204
109
93
2,147
243
240
203
519
301
1,544
88
287
76
172
65
73
89
899
75
115
157
535
55
72
85
144
2,907
182
108
81
102
602
103
71
561
73
109
211
37
125
125
303
133
825
96
269
45
4,053
96
929
91
1,143
275
81
330
153
926
174

.7
.8
.7
.9
1.7
.4
.9
.7
.8
2.2
.9
.6
.7
1.3
.5
1.1
.8
1.2
1.6
1.4
1.2
1.3
1.3
1.5
1.0
.8
.7
.9
.6
.5
1.4
.8
.9
1.0
1.1
.7
.9
1.2
1.2
1.2
1.6
1.0
1.7
1.9
.9
1.3
.9
1.2
1.3
.7
.8
1.3
.8
.3
1.2
1.1
1.0
.4
1.1
1.2
1.2
.3
1.0
2.0
1.0
.7
.7
1.5
1.2
1.1
.8
1.1
.7

245,803 259,613 267,741

0.7

1,176
8,181
1,728
2,769
3,766
1,858
4,620
3,641
13,770
3,001
1,572
17,985
5,963
2,284
1,414
6,042
2,421

1,192
8,537
1,779
2,822
4,006
2,037
4,736
3,847
15,288
3,237
1,630
18,613
6,241
2,321
1,535
6,568
2,658

1,200
8,747
1,812
2,850
4,142
2,153
4,803
3,960
16,183
3,372
1,660
18,975
6,413
2,345
1,604
6,865
2,794

.2
.6
.4
.2
.8
1.2
.3
.7
1.4
1.0
.5
.4
.6
.2
1.1
1.1
1.2

612
4,482
939
1,480
2,261
1,181
2,366
1,905
7,662
1,692
937
10,163
3,225
1,105
824
3,749
1,464

122
653
116
851
493
138
677
133
196
2,257
219
132
143
268
123
313
173
145
2,737
309
396
355
748
520
2,342
141
537
139
364
190
119
167
1,292
116
205
260
923
86
103
125
201
3,736
218
187
185
181
817
264
117
959
106
135
401
65
172
172
511
261
1,112
124
438
75
6,216
174
1,449
159
1,845
394
106
456
247
1,344
358

124
670
120
874
540
137
707
134
202
2,543
227
135
148
279
123
328
182
156
3,024
338
424
375
802
574
2,493
147
533
144
365
192
129
171
1,354
120
215
265
948
92
108
130
219
3,904
239
208
190
196
854
279
125
974
109
146
410
64
181
176
535
261
1,182
133
469
75
6,483
194
1,488
165
1,880
430
111
476
257
1,406
363

125
679
123
887
568
137
725
135
204
2,712
234
138
152
285
124
335
187
162
3,191
356
440
386
832
606
2,576
151
531
146
365
193
135
174
1,393
123
220
267
960
95
111
134
230
4,009
252
221
193
206
876
287
130
981
111
152
415
65
186
180
550
261
1,221
139
487
75
6,636
206
1,515
169
1,897
453
114
486
262
1,442
366

.2
.3
.5
.3
1.2

70
319
60
486
292
61
332
63
100
1,458
141
61
66
197
61
179
100
80
1,770
205
207
174
445
251
1,369
80
263
68
160
61
62
81
805
67
100
144
481
48
62
73
119
2,594
148
87
73
88
538
89
61
515
66
94
192
36
108
111
269
127
720
83
234
43
3,585
76
826
84
1,054
229
70
289
139
810
161

Consolidated metropolitan statistical areas 2
Buffalo, NY
Chicago IL
Cincinnati OH
Cleveland, OH
Dallas TX
Denver CO
Detroit, MI
Houston, TX
Los Angeles, CA . .
Miami FL
Milwaukee WI
New York, NY
Philadelphia PA . . .
Pittsburgh, PA .
.
Portland OR
San Francisco CA
Seattle WA

.

.

15,195
123,857
22,805
38,442
54,099
27,244
69,418
47,174
209,456
44,157
22,376
319,944
89,303
29,736
18,681
109,107
36,046

16,667
139,196
25,786
43,041
63,362
32,350
77,671
54,694
249,879
51,892
25,319
359,018
101,489
32,925
22,077
129,239
43,094

17,626
150,207
27,864
46,255
69,860
36,125
83,416
60,077
278,161
57,328
27,326
386,270
110,289
35,189
24,439
143,307
48,019

1.2
1.6
1.7
1.6
2.2
2.4
1.5
2.0
2.4
2.2
1.7
1.6
1.8
1.4
2.3
2.3
2.4

12,926
15,140
13,193
13,883
14,365
14,664
15,025
12,955
15,211
14,716
14,237
17,789
14,975
13,019
13,209
18,059
14,890

13,979
16,306
14,494
15,250
15,818
15,877
16,402
14,217
16,345
16,033
15,531
19,289
16,261
14,187
14,385
19,676
16,216

14,687
17,173
15,379
16,227
16,866
16,782
17,366
15,172
17,189
17,002
16,464
20,357
17,198
15,008
15,235
20,875
17,188

1,393
8,369
1,168
11,822
5,948
1,339
9,347
1,354
2,307
41,247
3,833
1,530
1,443
4,555
1,157
3,849
1,999
1,627
40,445
5,342
4,376
5,278
9,223
5,971
35,768
1,594
5,940
1,589
4,151
2,008
1,330
1,896
26,352
1,343
1,896
3,329
10,975
950
1,072
1,631
2,565
66,755
3,328
2,556
2,319
2,189
19,092
1,668
1,087
12,584
1,330
1,882
4,691
782
2,255
2,076
5,146
2,941
14,602
1,707
5,034
866
95,167
1,894
19,355
1,505
26,924
4,892
1,322
5,406
2,524
17,547
3,568

1,576
9,378
1,341
13,293
7,296
1,486
10,595
1,497
2,643
50,106
4,176
1,657
1,666
5,259
1,271
4,397
2,323
1,909
48,387
6,246
5,194
5,957
11,018
7,067
40,663
1,823
6,681
1,787
4,615
2,132
1,581
2,103
29,525
1,535
2,186
3,665
12,480
1,135
1,251
1,876
3,101
74,656
3,989
3,134
2,657
2,539
21,275
1,981
1,282
13,850
1,503
2,198
5,238
851
2,614
2,373
5,950
3,208
17,117
2,014
5,912
944
106,416
2,277
21,869
1,713
30,185
5,884
1,551
6,204
2,893
20,142
4,013

1,705
10,089
1,465
14,286
8,243
1,595
11,499
1,597
2,859
56,302
4,481
1,765
1,823
5,744
1,352
4,773
2,542
2,105
53,863
6,903
5,766
6,441
12,263
7,839
44,175
1,988
7,219
1,926
4,946
2,220
1,752
2,244
31,940
1,675
2,387
3,885
13,522
1,252
1,372
2,047
3,485
80,381
4,467
3,579
2,895
2,791
22,885
2,197
1,421
14,676
1,626
2,422
5,620
913
2,849
2,609
6,510
3,395
18,838
2,229
6,516
1,011
114,473
2,547
23,619
1,859
32,457
6,622
1,715
6,768
3,154
21,958
4,335

1.7
1.6
1.9
1.6
2.8
1.5
1.7
1.4
1.8
2.6
1.3
1.2
2.0
2.0
1.3
1.8
2.0
2.2
2.4
2.2
2.3
1.7
2.4
2.3
1.8
1.9
1.6
1.6
1.5
.8
2.3
1.4
1.6
1.9
1.9
1.3
1.8
2.3
2.1
1.9
2.6
1.6
2.5
2.8
1.9
2.0
1.5
2.3
2.3
1.3
1.7
2.1
1.5
1.3
2.0
1.9
2.0
1.2
2.1
2.3
2.2
1.3
1.6
2.5
1.7
1.8
1.6
2.6
2.2
1.9
1.9
1.9
1.6

11,440
12,808
10,043
13,895
12,063
9,717
13,804
10,220
11,754
18,275
17,542
11,607
10,087
17,008
9,381
12,302
11,550
11,242
14,779
17,279
11,039
14,853
12,323
11,483
15,269
11,276
11,072
11,418
11,408
10,580
11,204
11,384
20,392
11,531
9,250
12,791
11,886
11,082
10,406
13,082
12,780
17,870
15,274
13,673
12,564
12,102
23,361
6,319
9,328
13,126
12,564
13,981
11,686
12,087
13,150
12,062
10,075
11,278
13,131
13,784
11,489
11,518
15,309
10,853
13,359
9,474
14,593
12,421
12,495
11,843
10,222
13,053
9,966

12,749
14,004
11,145
15,206
13,515
10,854
14,992
11,143
13,102
19,704
18,363
12,267
11,225
18,858
10,293
13,423
12,783
12,238
16,000
18,480
12,253
15,889
13,737
12,307
16,312
12,386
12,545
12,433
12,646
11,108
12,250
12,277
21,813
12,790
10,180
13,854
13,168
12,374
11,604
14,402
14,180
19,125
16,678
15,099
13,983
12,932
24,916
7,097
10,250
14,217
13,762
15,084
12,767
13,254
14,460
13,514
11,115
12,315
14,486
15,084
12,614
12,655
16,416
11,738
14,693
10,383
16,059
13,682
14,020
13,041
11,274
14,325
11,057

13,681
14,869
11,925
16,110
14,506
11,664
15,855
11,791
13,984
20,757
19,133
12,764
12,006
20,166
10,937
14,236
13,627
12,960
16,880
19,403
13,108
16,669
14,744
12,939
17,146
13,207
13,591
13,162
13,543
11,485
12,980
12,905
22,926
13,666
10,857
14,575
14,079
13,217
12,390
15,326
15,148
20,050
17,691
16,193
15,010
13,580
26,116
7,655
10,915
14,956
14,586
15,898
13,536
14,146
15,346
14,534
11,845
13,025
15,429
16,017
13,382
13,519
17,251
12,392
15,592
11,020
17,106
14,627
15,105
13,915
12,025
15,229
11,851

zzi:

Other metropolitan statistical areas3
Abilene, TX
.
Akron, OH (PMSA).....
Albany, GA
Albany-Schenectady-Troy NY
.
Albuquerque, NM
.
Alexandria L A
. . .
Allentown-Bethlehem, PA-NJ
Altoona, PA
Amarillo, TX
Anaheim-Santa Ana, CA (PMSA)
Anchorage AK
Anderson, IN
Anderson, SC
Ann Arbor, MI (PMSA)
Anniston AL
Appleton-Oshkosh-Neenah, WI
Asheville, NC
Athens, GA
.
Atlanta GA
Atlantic City NJ
.
Augusta, GA-SC
Aurora-Elgin, IL (PMSA) .
Austin, TX .
.
.
... ..
Bakersfield CA
Baltimore, MD .
Bangor, ME (NECMA)
Baton Rouge, LA ..
Battle Creek, MI
Beaumont-Port Arthur, TX
Beaver County, PA (PMSA) .
.
Bellingham, WA
Benton Harbor MI
Bergen-Passaic, NJ (PMSA)
Billings, MT
Biloxi-Gulfport, MS
Binghamton, NY
Birmingham AL
Bismarck, ND
Bloomington, IN
Bloomington-Normal IL
Boise City, ID .
Boston-Lawrence-Salem-Lowell-Brockton, MA (NECMA)
Boulder-Longmont CO (PMSA)
Bradenton FL
Brazoria, TX (PMSA) . . . . . . . .
Bremerton, WA
<
Bridgeport-Stamford-Norwalk-Danbury CT (PMSA)
Brbwnsville-Harlingen TX
Bryan-College Station TX
Buffalo, NY (PMSA)
Burlington, NC
Burlington, VT (NECMA)
Canton, OH
Casper, WY
Cedar Rapids, IA
Champaign-Urbana-Rantoul IL
Charleston SC
Charleston WV
Charlotte-Gastonia-Rock Hill NC-SC
Charlottesville, VA
Chattanooga, TN-GA
Cheyenne, WY
Chicago, IL (PMSA)
Chico, CA.. ..
...
Cincinnati, OH-KY-IN (PMSA)
Clarksville-Hopkinsville, TN-KY
Cleveland, OH (PMSA)
Colorado Springs, CO . .
.
Columbia, MO
Columbia, SC
Columbus, GA-AL
Columbus, OH
Corpus Christi, TX
See footnotes at end of table.




....

,

175
124
281
62
141
289
75
287
162
12
22
238
277
13
306
152
179
226
49
20
221
54
130
227
41
216
183
219
187
298
225
229
3
177
309
138
160
215
258
102
113
14
31
60
117
185
1
317
307
120
137
72
188
156
100
140
285
223
93
66
198
190
38
257
86
304
42
136
115
165
276
107
284

.6
.2
.3
1.5
.6
.4
.5
.5
0
.6
.6
1.0
1.3
1.2
.9
.7
.9
1.3
.8
.5
-.1
.4
0
.2
1.1
.4
.6
.4
.6
.2
.3
.8
.6
.6
1.1
.6
1.2
1.4
.4
1.1
.6
.7
.9
.2
.4
1.0
.3
0
.7
.4
.6
0
.8
1.0
.9
0
.5
1.4
.4
.5
.2
1.2
.6
.5
.5
.6
.2

28

SURVEY OF CURRENT BUSINESS

October 1990

Table 1.—Total Personal Income, Per Capita Personal Income, Population, and Employment by Metropolitan Area, 1988,1995, and 2000—Continued

1988

1995

2000

1982 dollars

Average
growth
rate
(percent)

Rank

Employment

Population

Per capita personal income

Total personal income
Millions of 1982 dollars

Average

Thousands of persons

United
States

1988

1995

2000

19882000

1988

1995

2000

growth
rate
percent)

Thousands of jobs

1988

1995

2000

19882000

19882000

2000

Average
annual
growth
rate
(percent)

Cumberland MD-WV
Dallas, TX (PMSA)
Danville, VA
Davenport-Rock Island-Moline, IA-IL . . ..
Dayton-Springfield OH
Daytona Beach FL
Decatur AL

1,030
36,938
1,184
•4,449
12,265
4,042
1,383

1,137
43,176
1,335
5,025
13,805
4,932
1,570

1,211
47,551
1,437
5,416
14,884
5,582
1,695

1.4
2.1
1.6
1.7
1.6
2.7
1.7

10,065
14,923
10,958
12,215
12,937
11,603
10,422

10,900
16,405
11,979
13,343
14,228
12,610
11,596

11,524
17,476
12,703
14,129
15,147
13,355
12,380

297
35
242
157
114
201
259

102
2,475
108
364
948
348
133

104
2,632
111
377
970
391
135

105
2,721
113
383
983
418
137

0.2
.8
.4
.4
.3
1.5
.3

44
1,613
54
190
521
152
58

46
1,771
56
203
553
173
62

48
1,873
58
210
573
187
64

0.7
1.3
.6
.8
.8
1.7
.8

Decatur IL
Denver, CO (PMSA)
Des Moines, IA
Detroit, MI (PMSA) .
Dothan, AL
Dubuque, IA
Duluth MN-WI
Eau Claire WI
El Paso, TX
Elkhart-Goshen, IN

1,541
23,916
5,399
64,863
1,372
986
2,569
1,504
4,710
1,910

1,707
28,361
6,299
72,412
1,584
1,143
2,784
1,731
5,429
2,262

1,826
31,658
6,901
77,671
1,729
1,245
2,934
1,882
5,936
2,475

1.4
2.4
2.1
1.5
1.9
2.0
1.1
1.9
1.9
2.2

12,465
14,583
13,780
14,903
10,471
10,844
10,645
10,868
8,038
12,636

13,501
15,771
15,072
16,248
11,546
11,992
11,518
11,963
8,767
13,978

14,267
16,661
15,972
17,189
12,332
12,769
12,184
12,699
9,296
14,813

151
55
68
40
264
237
266
244
315
126

124
1,640
392
4,352
131
91
241
138
586
151

126
1,798
418
4,457
137
95
242
145
619
162

128
1,900
432
4,519
140
98
241
148
638
167

.3
1.2
.8
.3
.6
.6
0
.6
.7
.8

65
1,033
264
2,168
69
52
114
73
247
117

69
1,147
292
2,304
75
57
120
79
267
131

72
1,224
309
2,393
78
59
123
83
279
139

.8
1.4
1.3
.8
1.0
1.0
.6
1.0
1.0
1.4

1,066
701
3,160
3,031
3,489
1,694
2,590
1,141
5,317
1,304

1,157
795
3,504
3,544
3,955
2,003
2,956
1,349
5,792
1,444

1,217
864
3,749
3,901
4,292
2,202
3,213
1,488
6,135
1,543

1.1
1.8
1.4
2.1
1.7
2.2
1.8
2.2
1.2
1.4

11,624
12,023
11,407
11,223
12,406
11,421
10,130
10,316
12,343
9,621

12,567 13,217
13,438 14,434
12,484 13,245
12,410 13,241
13,616 14,451
12,528 13,267
11,209 11,976
11,497 12,340
13,255 13,907
10,726 11,447

214
144
212
213
143
209
279
262
167
299

92
58
277
270
281
148
256
111
431
136

92
59
281
286
290
160
264
117
437
135

92
60
283
295
297
166
268
121
441
135

0
.2
.2
.7
.5
.9
.4
.7
.2
0

46
31
137
143
161
92
145
65
190
61

49
33
145
156
173
100
153
72
198
64

50
34
149
164
181
105
158
77
204
65

.7
.8
.7
1.1
1.0
1.2
.7
1.3
.6
.6

1,146
2,169
19,577
4,194
3,128
1,777
1,572
4,820
17,161
7,413

1,303
2,643
23,610
5,458
3,913
2,082
1,897
5,574
20,186
8,757

1,418
2,990
26,481
6,405
4,513
2,286
2,129
6,087
22,309
9,698

1.8
2.7
2.5
3.6
3.1
2.1
2.6
2.0
2.2
2.3

9,714
11,919
16,493
13,567
13,492
9,833
10,438
13,121
13,294
12,058

10,784
13,042
18,027
15,172
14,244
11,001
11,436
14,581
14,693
12,988

11,533
13,848
19,134
16,312
14,926
11,809
12,141
15,532
15,698
13,677

296
170
21
59
122
286
270
89
81
176

118
182
1,187
309
232
181
151
367
1,291
615

121
203
1,310
360
275
189
166
382
1,374
674

123
216
1,384
393
302
194
175
392
1,421
709

.3
1.4
1.3
2.0
2.2
.6
1.3
.5
.8
1.2

64
95
621
156
106
99
80
229
648
316

67
108
704
187
125
109
90
250
710
350

69
117
761
208
139
114
97
263
751
373

.6
1.8
1.7
2.4
2.3
1.2
1.6
1.1
1.2
1.4

988
2,190
2,626
7,082
1,287
724
8,930
917
1,454
2,423

1,106
2,610
2,943
7,957
1,442
840
10,452
1,034
1,718
2,784

1,189
2,923
3,171
8,582
1,547
915
11,482
1,120
1,915
3,034

1.6
2.4
1.6
1.6
1.6
2.0
2.1
1.7
2.3
1.9

9,604
10,549
12,508
11,568
11,077
10,282
13,424
11,724
10,680
12,669

10,557 11,210
11,477 12,165
13,923 14,919
12,821 13,655
12,040 12,705
11,078 11,625
14,791 15,738
13,113 14,083
11,782 12,590
13,932 14,854

303
269
123
178
241
292
80
159
247
125

103
208
210
612
116
70
665
78
136
191

105
227
211
621
120
76
707
79
146
200

106
240
213
629
122
79
730
80
152
204

.3
1.2
.1
.2
.4
.9
.8
.1
.9
.6

42
113
87
272
61
42
406
43
63
114

44
126
90
289
66
45
454
44
69
124

46
134
93
301
69
47
484
46
73
130

.6
1.5
.6
.8
1.0
1.0
1.5
.6
1.3
1.1

Greensboro- Winston-Salem-High Point, NC
Greenville-Spartanburg SC
,
Hagerstown MD
Hamilton- Middletown, OH (PMSA)
Harrisburg-Lebanon-Carlisle PA
Hartford-New Britain-Middletown-Bristol, CT (NECMA)
Hickory NC
Honolulu H I
. . . .
Houma-Thibodaux LA
Houston TX (PMSA)

12,340
7,289
1,390
3,450
7,457
19,624
2,533
11,812
1,657
42,230

14,363
8,435
1,585
3,917
8,459
21,918
2,902
13,988
1,813
49,094

15,769
9,220
1,725
4,245
9,167
23,605
3,154
15,382
1,932
54,011

2.1
2.0
1.8
1.7
1.7
1.6
1.8
2.2
1.3
2.1

13,345 14,814
11,731 13,042
11,802 12,692
12,334 13,475
12,615 13,832
17,704 18,809
11,402 12,329
14,088 15,115
9,047 9,817
13,006 14,248

15,819
13,939
13,375
14,290
14,685
19,666
12,986
15,876
10,377
15,196

78
163
199
150
133
18
224
73
311
111

925
621
118
280
591
1,108
222
838
183
3,247

970
647
125
291
612
1,165
235
925
185
3,446

997
661
129
297
624
1,200
243
969
186
3,554

.6
.5
.8
.5
.5
.7
.7
1.2
.1
.8

593
385
63
113
356
753
149
510
70
1,745

638
414
69
121
383
807
159
566
73
1,900

667
433
72
126
401
844
165
597
75
2,003

1.0
1.0
1.2
.9
1.0
1.0
.9
1.3
.6
1.2

Huntington-Ashland, WV-KY-OH
Huntsville, AL
'.
Indianapolis IN
..
. ...
Iowa City IA
Jackson MI
Jackson, MS
Jackson TN

3,097
3,105
16,872
1,153
1,718
4,319
823
11,146
1,144
1,540

3,413
3,648
19,513
1,329
1,962
4,964
971
13,380
1,283
1,679

3,637
4,008
21,387
1,445
2,127
5,404
1,073
15,009
1,381
1,770

1.3
2.2
2.0
1.9
1.8
1.9
2.2
2.5
1.6
1.2

9,608
13,116
13,644
13,302
11,494
10,901
10,519
12,412
9,046
10,899

10,577
14,801
14,939
14,513
12,598
11,934
11,960
13,573
9,728
11,772

11,254
16,011
15,825
15,336
13,365
12,672
12,903
14,425
10,231
12,363

302
67
77
101
200
245
230
145
312
261

322
237
1,237
87
149
396
78
898
126
141

323
246
1,306
92
156
416
81
986
132
143

323
250
1,351
94
159
426
83
1,040
135
143

0
.5
.7
.7
.5
.6
.5
1.2
.5
.1

130
152
753
60
62
220
47
512
76
70

135
166
825
65
66
238
51
572
79
73

138
174
871
69
68
250
54
614
82
75

.5
1.1
1.2
1.2
.7
1.1
1.1
1.5
.6
.6

1,671
7,367
4,416
2,472
5,123
1,370
2,923
1,107
21,611
1,655

1,911
8,198
5,063
2,707
5,857
1,609
3,395
1,229
24,940
1,816

2,076
8,839
5,511
2,874
6,394
1,780
3,720
1,320
27,183
1,926

1.8
1.5
1.9
1.3
1.9
2.2
2.0
1.5
1.9
1.3

12,256 13,588 14,537
13,587 14,724 15,603
9,984 10,970 11,639
9,864 10,708 11,303
13,511 14,684 15,569
10,078 11,335 12,230
13,416 14,851 15,873
11,315 12,283 13,036
13,718 14,969 15,830
13,502 14,615 15,423

139
85
291
301
87
265
74
222
76
94

136
542
442
251
379
136
218
98
1,575
123

141
557
462
253
399
142
229
100
1,666
124

143
567
474
254
411
146
234
101
1,717
125

.4
.4
.6
.1
.7
.6
.6
.3
.7
.2

70
281
213
98
131
76
127
43
940
51

75
300
229
103
143
82
140
45
1,016
52

78
312
239
106
152
86
148
47
1,065
53

.9
.9
1.0
.6
1.2
1.1
1.3
.8
1.0
.4

2,413
6,847
1,255
1,175
2,253
1,427
1,725
9,552
4,268
5,527

2,763
8,065
1,400
1,387
2,497
1,640
1,889
11,192
5,042
6,308

3,011
8,891
1,507
1,534
2,678
1,785
2,016
12,392
5,627
6,861

1.9
2.2
1.5
2.2
1.5
1.9
1.3
2.2
2.3
1.8

10,070 11,232 12,079
11,420 12,603 13,389
12,680 13,882 14,677
12,299 13,702 14,704
10,747 11,691 12,370
11,385 12,711 13,590
10,009 11,174 11,968
19,284 20,908 22,106
10,785 11,778 12,529
13,346 14,520 15,355

274
196
134
131
260
184
280
6
248
99

240
600
99
96
210
125
172
495
396
414

246
640
101
101
214
129
169
535
428
434

249
664
103
104
217
131
168
561
449
447

.3
.9
.3
.7
.3
.4
LO
1.1
.6

130
329
54
64
110
74
72
269
189
231

138
364
56
70
116
79
74
302
210
250

143
385
58
74
120
83
76
324
225
262

.8
1.3
.6
1.3
.7
1.0
.4
1.6
1.5
1.0

5,404
772
1,038
8,609
797
1,094
1,204
4,395
1,839
2,563

6,203
915
1,248
11,173
952
1,226
1,374
5,119
2,053
3,116

6,765
1,014
1,399
12,920
1,051
1,323
1,496
5,630
2,202
3,441

1.9
2.3
2.5
3.4
2.3
1.6
1.8
2.1
1.5
2.5

12,615 13,869 14,767
5,986 6,626 7,087
7,864
8,557 9,053
13,638 14,631 15,430
10,426 11,846 12,762
9,173 10,213 10,945
11,656 12,691 13,452
12,631 13,894 14,799
11,734 12,829 13,610
12,111 13,943 14,938

128
318
316
92
239
305
194
127
181
121

428
129
132
631
76
119
103
348
157
212

447
138
146
764
80
120
108
368
160
223

458
143
155
837
82
121
111
380
162
230

.6
.9
1.3
2.4
.6
.1
.6
.7
.3
.7

231
45
53
366
41
61
53
224
86
135

251
50
59
445
45
64
56
244
91
147

264
54
64
494
47
65
58
257
94
154

1.1
1.4
1.6
2.5
1.2
.6
.7
1.1
.7
1.1

6,053

6,991

7,638

2.0

11,797

13,123 14,063

161

513

533

543

.5

295

318

332

1.0

. . . . .

Elmira NY
Enid, OK
Erie, PA
Eugene-Springfield, OR
Evansville, IN-KY
Fargo-Moorhead ND-MN
Fayetteville NC
Fayetteville-Springdale AR
Flint MI
Florence AL
Florence S C
.
.
.
.
.
Fort Collins-Loveland CO
Fort Lauderdale-Hollywood-Pompano Beach, FL (PMSA)
Fort Myers-Cape Coral FL
Fort Pierce FL
Fort Smith AR-OK
Fort Walton Beach FL
Fort Wayne IN
Fort Worth-Arlington TX (PMSA)
Fresno CA
Gadsden AL
Gainesville FL
Galveston-Texas City, TX (PMSA)
Gary-Hammond, IN (PMSA)
Glens Falls, NY
Grand Forks, ND
Grand Rapids MI
Great Falls MT
Greeley CO
Green Bay WI

Jacksonville NC
Jamestown-Dunkirk, NY

....

....

. .

Janesville-Beloit, WI
Jersey City NJ (PMSA)
Johnson City-Kingsport-Bristol, TN-VA
Johnstown, PA
Joliet, IL (PMSA)
Joplin, MO

„.,
»

,

Kankakee, IL
Kansas City MO-KS
Kenosha, WI (PMSA)
Killeen-Temple, TX
Knoxville, TN
Kokomo, IN
La Crosse WI
Lafayette, LA
Lafayette, IN
Lake Charles LA
Lake County IL (PMSA)
Lakeland-Winter Haven FL
Lancaster, PA
Lansing-East Lansing MI
Laredo TX
Las Cruces NM
Las Vegas NV
Lawrence KS
Lawton OK
Lewiston-Auburn ME (NECMA)
Lexington-Fayette KY
Lima OH
Lincoln N E
Little Rock-North Little Rock, AR
See footnotes at end of table.




,

.

.

.

.

. ...

29

SURVEY OF CURRENT BUSINESS

October 1990

Table 1.—Total Personal Income, Per Capita Personal Income, Population, and Employment by Metropolitan Area, 1988,1995, and 2000—Continued

Average

1995

growth
rate
(percent)

1988

2000

Rank
in the
United
States

1982 dollars

1988

1995

See footnotes at end of table.




1,796
3,148
129,613
12,180
2,447
1,603
3,286
5,075
5,602
1,514
2,275
1,552
4,813
12,158
1,745
24,580
19,754
1,460
20,076
37,147
4,772
3,811
17,239
1,409
3,395
1,333
1,714
2,403
12,690
50,727
6,815
12,922
3,763
14,732
140,350
34,789
2,612
16,686
33,996
1,834
1,268
11,312
1,851
7,925
4,274
12,891
953
9,957
1,289
1,637
1,121
3,585
4,356
73,129
27,410
838
27,728
2,009
3,544
16,066
5,180
4,064
12,157
1,948
1,245
2,299
9,701
868
4,705
1,621
3,786
1,716
12,625
28,639
2,966
1,484
14,386
3,752
18,970
5,015
1,912
966
35,278
2,973
4,772
11,198
1,114
14,280
33,463
33,601
26,664
5,484
3,457
1,464
5,758
4,626
2,874
8,542

2,038
3,479
152,258
13,791
2,791
1,823
3,760
5,859
6,563
1,683
2,727
1,845
5,929
14,271
2,049
28,282
22,536
1,663
22,752
43,302
5,485
4,623
19,889
1,590
3,881
1,490
1,933
3,257
15,436
57,819
7,585
14,279
4,167
16,309
155,852
39,036
2,817
19,446
40,626
2,302
1,419
13,087
2,224
9,466
4,888
16,048
1,090
12,143
1,554
1,802
1,217
4,134
4,862
83,021
34,258
938
30,793
2,205
4,111
18,914
6,037
4,585
13,890
2,418
1,467
2,567
11,649
1,035
5,296
1,997
4,712
2,012
14,842
35,372
3,392
1,743
15,959
. 4,242
23,245
5,585
2,242
1,089
40,006
3,509
5,634
13,446
1,273
16,823
41,096
38,764
31,759
6,422
4,205
1,768
7,015
5,912
3,378
9,590

2,208
3,709
167,828
14,922
3,036
1,971
4,099
6,389
7,210
1,800
3,039
2,049
6,737
15,701
2,260
30,847
24,661
1,814
24,575
47,516
5,970
5,180
21,869
1,722
4,209
1,603
2,086
3,879
17,328
62,522
8,162
15,272
4,470
17,474
166,016
42,239
2,950
21,369
45,338
2,651
1,529
14,387
2,488
10,364
5,298
18,322
1,187
13,704
1,748
1,917
1,305
4,552
5,217
90,137
39,186
1,006
32,969
2,355
4,515
20,890
6,662
4,928
15,109
2,782
1,632
2,751
12,998
1,139
5,715
2,257
5,319
2,209
16,386
40,326
3,683
1,914
16,990
4,587
26,283
5,990
2,467
1,177
43,378
3,884
6,261
15,190
1,382
18,614
46,451
42,319
35,273
7,074
4,728
1,987
7,908
6,837
3,732
10,334

1.7
1.4
2.2
1.7
1.8
1.7
1.9
1.9
2.1
1.5
2.4
2.3
2.8
2.2
2.2
1.9
1.9
1.8
1.7
2.1
1.9
2.6
2.0
1.7
1.8
1.5
1.7
4.1
2.6
1.8
1.5
1.4
1.4
1.4
1.4
1.6
1.0
2.1
2,4
3.1
1.6
2.0
2.5
2.3
1.8
3.0
1.8
2.7
2.6
1.3
1.3
2.0
1.5
1.8
3.0
1.5
1.5
1.3
2.0
2.2
2.1
1.6
1.8
3.0
2.3
1.5
2.5
2.3
1.6
2.8
2.9
2.1
2.2
2.9
1.8
2.1
1.4
1.7
2.8
1.5
2.1
1.7
1.7
2.3
2.3
2.6
1.8
2.2
2.8
1.9
2.4
2.1
2.6
2.6
2.7
3.3
2.2
1.6

Thousands of persons

1988

2000

1995

2000

10,780
11,640
15,093
12,596
10,789
11,016
11,459
14,385
16,866
11,734
5,865
10,642
12,396
12,415
10,267
13,554
20,192
13,612
14,361
15,559
9,826
11,175
17,782
9,786
11,288
11,099
10,623
17,345
13,058
19,222
14,109
16,266
15,194
11,272
16,383
18,444
12,040
12,089
16,945
9,660
10,171
11,737
11,815
12,749
14,561
13,273
10,863
15,383
10,271
10,601
8,749
10,243
12,797
14,862
13,506
9,229
13,240
14,484
15,052
13,524
15,490
15,499
13,388
8,026
9,755
13,233
14,194
10,583
14,296
11,597
15,791
11,726
14,953
12,574
13,387
14,698
14,677
13,296
13,695
12,346
10,550
11,309
14,302
11,020
13,683
10,514
11,220
10,792
14,117
21,132
18,620
15,981
15,247
13,014
15,730
17,751
11,761
11.596

11,911
12,734
16,192
13,871
11,943
11,939
12,455
15,576
18,031
12,826
6,483
11,729
13,516
13,604
11,004
14,678
21,566
15,039
15,672
16,819
10,890
12,166
18,962
11,087
12,402
12,312
11,509
18,830
14,797
20,986
14,978
17,059
16,180
12,509
17,874
19,774
12,917
13,038
18,488
10,374
11,244
13,187
12,685
14,370
15,977
14,521
12,058
16,555
11,197
11,661
9,589
11,052
13,867
16,222
14,714
10,137
14,464
15,427
16,355
14,742
16,622
16,981
14,592
9,025
10,850
14,384
15,817
11,718
15,585
12,579
16,759
12,956
16,156
13,561
14,558
16,062
15,946
14,449
14,769
13,385
11,686
12,649
15,687
12,105
14,652
11,616
12,396
11,982
15,228
23,091
20,451
17,285
16,614
14,297
17,039
20,104
13,008
12.679

12,732
13,514
17,016
14,766
12,779
12,591
13,196
16,427
18,918
13,603
6,928
12,511
14,330
14,409
11,539
15,517
22,667
16,093
16,614
17,759
11,624
12,852
19,884
11,985
13,206
13,116
12,139
19,980
15,957
22,200
15,632
17,702
16,947
13,383
18,885
20,797
13,478
13,720
19,628
10,895
12,035
14,209
13,332
15,247
16,940
15,422
12,919
17,437
11,890
12,392
10,223
11,656
14,644
17,193
15,641
10,807
15,325
16,148
17,326
15,619
17,478
17,951
15,399
9,769
11,683
15,228
16,946
12,444
16,494
13,310
17,569
13,800
17,027
14,292
15,394
17,025
16,806
15,285
15,559
14,128
12,491
13,610
16,686
12,884
15,413
12,451
13,251
12,861
16,061
24,564
21,774
18,257
17,637
15,201
18,033
21,697
13,909
13.435

240
191
45
129
236
246
218
58
23
182
319
252
148
146
295
90
4
63
56
29
293
234
17
278
217
220
271
15
69
5
83
30
46
197
24
11
192
173
19
308
275
153
202
106
48
95
228
36
282
256
313
290
135
39
82
310
103
61
37
84
34
28
97
314
288
108
47
255
57
204
33
171
43
149
98
44
51
105
88
158
253
180
53
232
96
254
211
233
64
2
8
26
32
110
27
9
166
195

Employment
Average
growth
rate
(percent)

Thousands of jobs

1988

1995

2000

167
270
8,588
967
227
145
287
353
332
129
388
146
388
979
170
1,814
978
107
1,398
2,388
486
341
969
144
301
120
161
139
972
2,639
483
794
248
1,307
8,567
1,886
217
1,380
2,006
190
125
964
157
622
294
971
88
647
125
154
128
350
340
4,920
2,030
91
2,094
139
235
1,188
334
262
908
243
128
174
683
82
329
140
240
146
844
2,278
222
101
980
282
1,385
406
181
85
2,467
270
349
1,065
99
1,323
2,370
1,590
1,432
343
227
112
366
261
244
737

171
273
9,403
994
234
153
302
376
364
131
421
157
439
1,049
186
1,927
1,045
111
1,452
2,575
504
380
1,049
143
313
121
168
173
1,043
2,755
506
837
258
1,304
8,719
1,974
218
1,492
2,197
222
126
992
175
659
306
1,105
90
733
139
155
127
374
351
5,118
2,328
93
2,129
143
251
1,283
363
270
952
268
135
178
736
88
340
159
281
155
919
2,608
233
109
1,001
294
1,574
417
192
86
2,550
290
385
1,158
103
1,404
2,699
1,679
1,553
372
253
124
412
294
260
756

173
274
9,863
1,011
238
157
311
389
381
132
439
164
470
1,090
196
1,988
1,088
113
1,479
2,676
514
403
1,100
144
319
122
172
194
1,086
2,816
522
863
264
1,306
8,791
2,031
219
1,558
2,310
243
127
1,013
187
680
313
1,188
92
786
147
155
128
391
356
5,243
2,505
93
2,151
146
261
1,337
381
275
981
285
140
181
767
92
346
170
303
160
962
2,822
239
112
1,011
300
1,689
424
197
86
2,600
301
406
1,220
104
1,447
2,892
i,723
1,620
387
268
131
439
315
268
769

0.3
.1
1.2
.4
.4
.6
.7
.8
1.2
.2
1.0
1.0
1.6
.9
1.2
.8
.9
.4
.5
1.0
.5
1.4
1.1
0
.5
.1
.5
2.9
.9
.5
.7
.7
.5
0
.2
.6
.1
1.0
1.2
2.1
.2
.4
1.5
.7
.5
1.7
.4
1.6
1.3
0
0
.9
.4
.5
1.8
.2
.2
.4
.8
1.0
1.1
.4
.6
1.3
.8
.3
1.0
.9
.4
1.6
2.0
.7
1.1
1.8
.6
.9
.3
.5
1.7
.4
.7
.1
.4
.9
1.3
1.1
.4
.8
1.7
.7
1.0
1.0
1.4
1.3
1.5
1.6
.8
.4

Average
annual
growth
rate
(percent)
19882000

19882000

2000

19882000
Longview-Marshall TX
Lorain-Elyria, O H (PMSA) . . .
Los Angeles-Long Beach CA (PMSA)
Louisville, KY-IN
Lubbock, TX
Lynchburg, VA
Macon- Warner Robins, GA
Madison WI
Manchester-Nashua NH (NECMA)
Mansfield, OH
McAllen-Edinburg-Mission TX
Medford, OR
,
Melbourne-Titusville-Palm Bay, FL
Memphis TN-AR-MS
Merced CA
Miami-Hialeah FL (PMSA)
Middlesex-Somerset-Hunterdon, NJ (PMSA)
Midland, TX
Milwaukee WI (PMSA)
Minneapolis-St Paul, MN-WI
Mobile AL
Modesto, CA
,
Monmouth-Ocean, NJ (PMSA)
Monroe, LA
Montgomery AL
Muncie IN
Muskegon, MI
Naples FL
Nashville TN
Nassau-Suffolk NY (PMSA)
New Bedford-Fall River-Attleboro, MA (NECMA)
New Haven-Waterbury-Meriden, CT (NECMA)
New London-Norwich, CT (NECMA)
New Orleans, LA ...
New York NY (PMSA)
Newark NJ (PMSA)
Niagara Falls NY (PMSA)
Norfolk- Virginia Beach-Newport News, VA
Oakland CA (PMSA)
Ocala, FL
Odessa, TX
Oklahoma City, OK
Olympia WA
Omaha NE-IA
Orange County NY (PMSA)
Orlando FL
Owensboro KY
Oxnard- Ventura CA (PMSA)
Panama City FL
Parkersburg-Marietta WV-OH
Pascagoula MS
Pensacola FL
Peoria IL
Philadelphia PA-NJ (PMSA) . . .
Phoenix, AZ
Pine Bluff, AR
Pittsburgh PA (PMSA)
Pittsfield, MA (NECMA)
Portland ME (NECMA)
Portland, OR (PMSA)
Portsmouth-Dover-Rochester, NH (NECMA)
Poughkeepsie, NY
Providence-Pawtucket-Woonsocket, RI (NECMA) .. .
Provo-Orem, UT
Pueblo, CO
Racine WI (PMSA)
Raleigh-Durham NC
..
Rapid City, SD
Reading, PA
Redding CA
Reno, NV
Richland-Kennewick-Pasco, WA
Richmond-Petersburg, VA
Riverside-San Bernardino CA (PMSA)
Roanoke, VA
Rochester, MN
Rochester NY
Rockford IL
Sacramento CA
Saginaw-Bay City-Midland MI
St Cloud MN
St Joseph MO
St Louis MO-IL
Salem OR
.
Salinas-Seaside-Monterey CA
Salt Lake City-Ogden, UT
San Angelo TX
San Antonio, TX
San Diego, CA
,
San Francisco, CA (PMSA)
San Jose, CA (PMSA)
Santa Barbara-Santa Maria-Lompoc, CA
Santa Cruz, CA (PMSA)
Santa Fe, NM
Santa Rosa-Petaluma, CA (PMSA)
Sarasota, FL
Savannah, GA
Scranton-Wilkes-Barre, PA

Population

Per capita personal income

Total personal income
Millions of 1982 dollars

87
107
5,048
546
122
86
152
246
220
71
127
70
188
562
74
1,071
612
63
852
1,564
215
151
425
67
162
61
68
80
604
1,434
248
450
146
632
4,813
1,121
97
807
1,084
79
57
538
75
386
135
620
44
300
65
74
52
162
172
2,608
1,166
41
1,043
79
178
730
186
142
505
104
51
85
475
51
182
65
161
75
555
856
147
73
562
159
744
184
96
46
1,403
134
194
556
52
646
1,309
1,202
987
206
115
67
183
148
134
362

92
112
5,584
585
130
91
163
272
240
74
141
77
215
618
82
1,162
674
67
915
1,726
231
171
474
70
172
64
72
102
678
1,572
264
481
154
654
5,002
1,195
101
878
1,229
92
59
581
84
420
145
721
47
349
74
77
53
175
183
2,796
1,367
44
1,100
84
194
804
203
151
544
119
55
91
530
56
192
75
189
81
607
985
158
81
597
172
864
196
107
49
1,500
147
219
627
56
702
1,518
1,326
1,113
230
133
76
216
173
147
386

95
115
5,915
610
136
94
170
287
254
76
150
81
233
652
88
1,220
715
70
953
1,824
241
183
505
73
179
67
75
117
723
1,657
275
501
160
671
5,112
1,240
104
923
1,323
100
61
609
91
442
152
789
49
382
80
79
54
185
190
2,921
1,502
45
1,138
88
204
850
216
157
569
131
58
94
564
59
198
82
206
85
641
1,072
165
85
618
180
943
204
113
50
1,565
155
236
678
58
738
1,650
1,406
1,192
245
145
82
236
190
155
403

0.8
.6
1.3
.9
.9
.7
.9
1.3
1.2
.6
1.4
1.3
1.8
1.3
1.4
1.1
1.3
.9
.9
1.3
1.0
1.6
1.5
.6
.8
.8
.8
3.2
1.5
1.2
.9
.9
.8
.5
,5
.8
.6
1.1
1.7
2.0
.7
1.0
1.6
1.1
1.0
2.0
.8
2.0
1.7
.6
.3
1.1
.8
.9
2.1
.8
.7
.9
1.1
1.3
1.3
.8
1.0
1.9
1.1
.8
1.4
1.2
.7
2.0
2.0
1.1
1.2
1.9
1.0
1.2
.8
1.0
2.0
.9
1.4
.6
.9
1.2
1.6
1.7
.9
1.1
1.9
1.3
1.6
1.5
2.0
1.7
2.1
2.1
1.3
9

30

SURVEY OF CURRENT BUSINESS

October 1990

Table 1.—Total Personal Income, Per Capita Personal Income, Population, and Employment by Metropolitan Area, 1988,1995, and 2000—Continued

1988

1995

2000

Rank

1982 dollars

Average
growth
rate
(percent)

.
,

,

,

29,462
1,292
1,337
1,129
3,795
1,333
1,541
3,089
4,115
2,627
2,710
8,222
1,296
1,540
5,192
8,351
6,584
2,496
26,296
1,376
1,243
7,964
2,227
5,926
7,337
8,810
1,516
1,857
3,606
5,632
2,615
874
1,639
3,086
2,026
69,509
1,683
1,283
15,004
1,762
6,390
1,494
1,345
8,610
1,371
10,336
1,947
5,647
5,742
1,204

35,355
1,410
1,512
1,296
4,233
1,566
1,882
3,532
4,812
2,990
3,262
9,124
1,487
1,679
6,109
9,306
7,739
3,000
31,871
1,512
1,407
8,895
2,548
6,725
8,895
10,164
1,717
2,167
3,928
6,869
3,163
999
1,805
3,581
2,313
81,875
1,939
1,469
19,185
1,929
7,447
1,683
1,522
9,938
1,625
11,510
2,257
6,440
6,307
1,414

39,483
1,494
1,631
1,412
4,550
1,718
2,096
3,845
5,288
3,251
3,657
9,791
1,624
1,773
6,765
9,934
8,536
3,377
35,957
1,613
1,521
9,550
2,746
7,330
10,027
11,143
1,859
2,387
4,137
7,742
3,549
1,088
1,938
3,934
2,517
90,746
2,105
1,594
22,267
2,044
8,101
1,815
1,647
10,884
1,801
12,384
2,456
7,003
6,703
1,555

2.5
1.2
1.7
1.9
1.5
2.1
2.6
1.8
2.1
1.8
2.5
1.5
1.9
1.2
2.2
1.5
2.2
2.6
2.6
1.3
1.7
1.5
1.8
1.8
2.6
2.0
1.7
2.1
1.2
2.7
2.6
1.8
1.4
2.0
1.8
2.2
1.9
1.8
3.3
1.2
2.0
1.6
1.7
2.0
2.3
1.5
2.0
1.8
1.3
2.2

1995

1988

2000

1988

1995

2000

2000

15,825
10,555
12,984
11,524
10,567
11,519
12,277
12,646
11,544
13,702
11,567
13,882
11,201
10,424
11,394
12,841
11,776
10,917
13,180
10,376
10,407
12,918
13,513
17,904
11,536
12,108
10,428
12,171
11,536
13,386
11,559
11,770
11,835
10,359
10,772
18,614
11,390
11,316
18,333
10,275
13,226
11,992
11,368
15,013
11,683
15,303
10,493
13,761
11,444
10,163

1. The U.S. total includes metropolitan and nonmetropolitan counties. The U.S. population estimate for 1988
differs slightly from the estimate shown in the article on regional and State projections in the May 1990
SURVEY OF CURRENT BUSINESS. The U.S. total for metropolitan statistical areas and nonmetropolitan counties
results from summing Census Bureau county-level population estimates, which were used in making the population projections for substate areas. The U.S. total for States is from revised State-level population estimates
made by the Census Bureau after the county-level estimates were made. The Census Bureau has not revised
the county-level population estimates to agree with the State-level estimates.




Thousands of persons

United
States

19882000
Seattle, WA (PMSA)
Sharon, PA
Sheboygan, WI
Sherman-Denison, TX
Shreveport LA
Sioux City IA-NE
Sioux Falls SD .
South Bend-Mishawaka IN
Spokane WA
Springfield IL
Springfield MO
Springfield, MA (NECMA)
State College, PA
Steubenville-Weirton, OH-WV
Stockton, CA
Syracuse NY . .. .
Tacoma, WA (PMSA)
Tallahassee, FL
Tampa-St. Petersburg-Clearwater, FL
Terre Haute, IN
Texarkana, TX-Texarkana, AR
Toledo, OH
Topeka, KS
Trenton, NJ (PMSA)
Tucson, AZ
Tulsa, OK
Tuscaloosa, AL
Tyler TX
Utica-Rome NY
Vallejo-Fairfield-Napa, CA (PMSA) .
Vancouver, WA (PMSA)
Victoria, TX
Vineland-Millville-Bridgeton, NJ (PMSA)
Visalia-Tulare-Porterville, CA
Waco, TX
Washington, DC-MD-VA
Waterloo-Cedar Falls, IA ....;
Wausau, WI
West Palm Beach-Boca Raton-Delray Beach, FL
Wheeling, WV-OH
Wichita, KS
Wichita Falls, TX
Williamsport PA
Wilmington, DE-NJ-MD (PMSA)
Wilmington NC
Worcester-Fitchburg-Leominster, MA (NECMA)
Yakima, WA
York PA
Youngstown- Warren OH
Yuba City CA

Population

Per capita personal income

Total personal income
Millions of 1982 dollars

17,243
11,599
14,294
12,894
11,707
12,957
13,915
14,071
12,694
14,971
12,870
14,791
12,418
11,431
12,126
13,947
12,745
11,817
14,337
11,278
11,438
14,132
15,017
19,022
12,542
13,501
11,669
13,457
12,579
14,480
12,565
13,241
12,392
10,929
11,965
20,030
12,754
12,467
20,345
11,357
14,809
13,281
12,655
15,919
12,975
16,177
11,526
15,091
12,512
10,957

18,281
12,333
15,224
13,872
12,517
13,916
14,976
15,022
13,522
15,904
13,796
15,473
13,266
12,127
12,703
14,697
13,464
12,512
15,188
11,880
12,177
15,005
15,944
19,919
13,318
14,469
12,525
14,375
13,269
15,308
13,307
14,202
12,895
11,403
12,824
21,063
13,681
13,274
21,798
12,100
15,814
14,200
13,554
16,694
13,880
16,834
12,184
16,031
13,273
11,553

25
263
109
169
250
164
119
116
189
71
172
91
210
272
243
132
193
251
112
283
268
118
70
16
203
142
249
147
208
104
205
154
231
300
235
10
174
206
7
273
79
155
186
52
168
50
267
65
207
294

Employment
Average
growth
rate
(percent)

Thousands of jobs

1988

1995

2000

19882000

1988. 2000
1,862
122
103
98
359
116
126
244
356
192
234
592
116
148
456
650
559
229
1,995
133
119
616
165
331
636
728
145
153
313
421
226
74
138
298
188
3,734
148
113
818
172
483
125
118
573
117
675
186
410
502
118

2,050
122
106
100
362
121
135
251
379
200
253
617
120
147
504
667
607
254
2,223
134
123
629
170
354
709
753
147
161
312
474
252
75
146
328
193
4,088
152
118
943
170
503
127
120
624
125
712
196
427
504
129

2,160
121
107
102
364
123
140
256
391
204
265
633
122
146
533
676
634
270
2,367
136
125
636
172
368
753
770
148
166
312
506
267
77
150
345
196
4,308
154
120
1,022
169
512
128
121
652
130
736
202
437
505
135

1.2
.3
.3
.1
.5
.9
.4
.8
.5
1.0
.6
.5
-.1
1.3
.3
1.1
1.4
1.4
.2
.4
.3
.4
.9
1.4
.5
.2
.7
0
1.5
1.4
.3
.7
1.2
.4
1.2
.3
.5
1.9
-.1
.5
.2
.2
1.1
.8
.7
.7
.5
U

Average
annual
growth
rate
(percent)

1,208
52
58
47
173
69
83
136
185
122
148
323
66
61
202
359
256
135
1,051
65
57
337
108
216
314
387
70
83
153
177
94
36
67
137
95
2,668
80
62
462
72
291
74
61
333
71
367
93
215
230
48

1,362
53
61
50
180
75
93
147
202
134
164
346
72
62
225
383
282
152
1,196
68
61
358
114
235
359
421
73
90
160
204
107
38
71
153
101
2,986
86
67
545
73
311
78
65
366
78
395
100
228
241
53

1,460
54
63
52
185
78
99
155
211
142
175
361
76
63
240
399
297
163
1,297
70
63
372
118
248
389
442
76
95
163
220
115
39
74
163
105
3,193
89
70
602
74
323
81
67
387
82
413
104
238
248
55

1.6
.4
.7
.8
.5
1.1
1.4
1.1
1.1
1.2
1.4
1.0
1.1
.3
1.5
.9
1.3
1.6
1.8
.5
.8
.8
.8
1.1
1.8
1.1
.7
'.5
1.8
1.7
.8
.8
1.5
.9
1.5
.9
.9
2.2
.3
.9
.7
.8
1.3
1.2
1.0
.9
.8
.6
1.1

2. Only the name of the largest metropolitan area in each consolidated metropolitan statistical area (CMSA)
is shown.
3. Includes metropolitan statistical areas, primary metropolitan statistical areas (PMSA's), and New England
county metropolitan areas (NECMA's). The Bridgeport-Stamford-Norwalk-Danbury, CT, NECMA is presented
as a PMSA (part of the New York-Northern New Jersey-Long Island, NY-NJ-CT, CMSA).
PMSA Primary metropolitan statistical area
NECMA New England county metropolitan area

31

SURVEY OF CURRENT BUSINESS

October 1990

Summary Fixed Reproducible Tangible Wealth Series, 1925-89
Summary estimates of fixed reproducible tangible wealth in the United
States are shown in tables 1-4 for the entire period for which these series
are available. More detailed estimates—including estimates by industry,
by type of asset, and by legal form of organization for fixed private capital—
and a detailed statement of methodology underlying the estimates are in

Fixed Reproducible Tangible Wealth in the United States, 1925-85 (for order information, see inside back cover of this issue). Estimates of fixed
private capital by industry also appeared in the following issues of the
SURVEY OF CURRENT BUSINESS: For 1947-82, January 1986; for 1982-89,
September 1990.

Table 1.—-Current-Cost Gross Stock of Fixed Reproducible Tangible Wealth,
1925-89

Table 2.—Current-Cost Net Stock of Fixed Reproducible Tangible Wealth,
1925-89

[Billions of dollars]

[Billions of dollars]

Fixed private capital
Yearend

Government-owned
fixed capital

Nonresidential

Total
Total

Total

ResiEquip- Struc- dential
ment tures

Total

Federal

State
and
local

Fixed private capital

Durable
goods
owned
by
consumers

Total

Yearend

Government-owned
fixed capital

Nonresidential
Total
Total

ResiEquip- Struc- dential
ment tures

Total

Federal

State
and
local

Durable
goods
owned
by
consumers

1925
1926
1927
1928
1929

419.3
434.0
445.4
460.2
466.2

310.8
321.3
328.6
339.5
343.6

181.2
186.6
190.5
193.1
192.9

54.5
57.0
58.5
59.5
60.1

126.7
129.6
132.0
133.7
132.8

129.6
134.7
138.1
146.3
150.7

48.0
49.4
50.7
52.0
52.4

11.5
11.5
11.3
11.2
11.0

36.5
37.9
39.4
40.8
41.5

60.5
63 3
66 1
68 8
70.2

1925
1926
1927
1928
1929

250.0
259.6
266.4
275.3
278.8

182.4
189.2
193.7
200.4
202.8

99.4
102.4
104.3
105.5
105.5

29.4
30.8
31.4
31.8
32.3

70.0
71.6
72.9
73.7
73.2

83.0
86.8
89.4
94.8
97.3

34.9
35.6
36.3
37.0
37.1

8.1
7.9
7.5
7.3
6.9

26.7
27.7
28.8
29.7
30.2

32.7
34.8
36.4
37.9
38.8

1930
1931
1932
1933
1934

445.0
398.5
367.9
381.5
396.4

326.7
291.4
266.2
272.5
281.1

182.9
166.2
154.7
155.7
158.7

58.1
54.5
51.4
50.8
51.3

124.9
111.6
103.4
104.9
107.3

143.8
125.2
111.5
116.9
122.5

51.0
46.3
46.3
54.0
59.8

10.4
9.4
9.3
10.7
12.2

40.6
36.9
37.0
43.4
47.6

67.2
60.9
554
549
55 5

1930
1931
1932
1933
1934

263.9
232.3
209.8
214.3
219.9

191.2
167.5
149.2
149.6
151.7

99.3
88.3
79.6
77.7
77.5

30.8
27.9
24.9
23.5
23.1

68.5
60.4
54.7
54.2
54.3

91.9
79.2
69.5
71.8
74.2

36.0
32.6
32.5
37.8
41.5

6.5
5.8
5.7
6.6
7.7

29.6
26.8
26.8
31.2
33.9

36.6
32.2
28.1
27.0
26.7

1935
1936
1937
1938
1939

404.3
434.2
459.6
464.3
474.5

285.3
305.4
325.7
328.3
334.3

161.0
170.4
179.7
178.3
179.6

51.0
52.7
55.7
55.7
56.1

110.0
117.7
124.0
122.6
123.4

124.3
135.0
146.0
150.0
154.7

64.0
71.9
75.0
77.5
80.8

13.6
16.4
17.0
17.9
19.2

50.4
55.4
57.9
59.5
61.5

55.1
56 9
589
58 6
59.4

1935
1936
1937
1938
1939

222.4
239.3
253.1
254.6
260.1

151.9
161.9
172.5
172.7
175.1

77.4
81.7
86.5
85.0
85.1

22.8
24.0
26.3
26.3
26.7

54.7
57.7
60.3
58.8
58.4

74.5
80.2
86.0
87.7
90.0

44.1
49.6
51.2
52.7
54.9

8.7
10.7
11.0
11.5
12.4

35.4
38.8
40.2
41.2
42.5

26.4
27.7
29.4
29.2
30.1

1940
1941
1942
1943
1944

508.1
574.1
653.1
733.6
802.4

355.5
387.9
414.8
435.9
457.3

188.3
204.8
217.7
222.7
227.1

59.2
64.5
66.9
67.5
68.6

129.1
140.3
150.8
155.2
158.5

167.2
183.1
197.1
213.2
230.2

88.6
111.0
152.5
201.8
244.2

22.1
32.7
63.4
110.7
154.8

66.5
78.2
89.1
91.0
89.4

64.1
75.2
85.8
96.0
1009

1940
1941
1942
1943
1944

279.7
318.1
365.7
410.3
442.2

186.4
204.1
215.6
223.6
232.6

89.4
98.1
102.8
103.2
104.5

28.9
32.7
33.4
33.0
33.7

60.5
65.4
69.4
70.2
70.7

97.0
106.0
112.9
120.4
128.1

60.0
76.2
108.4
141.8
163.6

14.3
22.8
48.3
81.6
105.8

45.8
53.4
60.1
60.2
57.8

33.2
37.9
41,7
44.9
46.1

1945
1946 .
1947
1948
1949

883.0
1,006.5
1,143.2
1,214.5
1,243.0

495.2
588.1
693.3
755.9
789.9

247.5
297.5
351.9
384.3
400.2

75.3
89.9
107.8
125.6
138.9

172.2
207.6
244.1
258.8
261.3

247.7
290.6
341.4
371.6
389.7

285.1
304.7
314.7
304.5
284.0

191.1
195.8
186.1
166.0
145.5

93.9
108.9
128.6
138.5
138.5

102.8
113.7
135.2
154 0
169 1

1945
1946
1947
1948
1949

478.5
536.6
608.1
655.0
679.9

250.5
301.1
361.8
402.9
427.0

114.5
140.7
171.2
192.3
203.8

38.4
47.7
60.6
73.4
82.2

76.1 136.0
93.0 160.3
110.6 190.5
118.9 : 210.7
121.5 223.3

181.8
182.3
181.2
175.9
166.4

122.4
114.5
101.7
90.6
81.3

59.5
67.8
79.4
85.2
85.1

46.2
53.2
65.1
76.3
86.6

1950
1951
1952
1953
1954

1,356.4
1,492.5
1,577.4
1,639.1
1,706.0

865.9
943.7
990.8
1,028.2
1,072.2

438.7
480.8
506.2
526.6
546.2

158.2
178.4
192.8
207.9
221.3

280.5
302.4
313.4
318.7
324.9

427.1
462.9
484.6
501.6
526.0

290.1
322.1
342.2
353.3
366.2

138.9
151.5
163.0
174.4
179.1

151.3
170.7
179.2
178.9
187.1

200.4
2266
244 3
257.5
267.6

1950
1951
1952
1953
1954

758.2
841.4
897.2
941.6
986.3

476.1
524.8
555.2
581.5
610.9

226.9
251.8
267.1
280.9
293.1

94.6
106.8
114.5
122.9
129.2

132.3
145.1
152.6
158.0
163.9

249.2
273.0
288.2
300.6
317.9

173.8
192.1
208.0
217.2
228.3

80.8
86.8
97.3
106.5
111.9

93.1
105.3
110.7
110.7
116.5

108.2
124.4
134.0
143.0
147.1

1955
1956
1957
1958
1959

1,834.0
1,989.4
2,082.1
2,157.5
2,240.3

1,151.5
1,237.8
1,296.6
1,338.7
1,391.0

591.2
650.3
689.7
710.9
738.0

243.2
272.9
297.3
311.8
328.8

347.9
377.4
392.4
399.1
409.1

560.3
587.5
606.9
627.7
653.0

399.0
438.5
460.6
473.8
486.3

193.7
209.5
217.3
220.5
225.4

205.3
229.0
243.3
253.3
260.9

283 5
313 1
324.9
345 1
363.1

1955
1956
1957
1958
1959

1,067.6
1,161.6
1,216.1
1,256.6
1,305.0

662.4
717.6
756.1
783.6
818.7

320.0
355.9
380.7
392.7
409.0

141.4
158.2
171.8
177.7
186.2

178.6
197.7
208.9
214.9
222.8

342.4
361.7
375.5
390.9
409.7

247.9
272.2
283.8
291.0
297.3

119.3
128.1
129.9
130.1
130.9

128.6
144.1
153.8
160.9
166.4

157.3
171.9
176.2
182.0
189.0

I960
1961
1962
1963
1964

2,309.3
2,384.5
2,478.0
2,570.3
2,699.8

1,431.8
1,473.8
1,525.4
1,570.4
1,654.8

755.7
775.4
802.3
832.0
872.3

341.7
350.9
365.1
381.5
402.6

414.0
424.5
437.2
450.5
469.7

676.0
698.4
723.1
738.4
782.5

502.1
523.3
552.5
580.9
610.2

230.6
237.2
246.1
255.0
265.6

271.5
286.0
306.4
326.0
344.6

3755
387 4
400 2
419.0
434 g

1960
1961
1962
1963
1964

1,346.5
1,392.2
1,451.5
1,512.2
1,598.1

846.3
873.8
908.7
940.1
997.0

420.4
432.3
449.6
468.6
494.9

192.4
196.0
203.4
212.4
225.2

228.0
236.3
246.1
256.2
269.8

426.0
441.6
459.1
471.5
502.0

306.5
321.6
340.5
359.3
377.4

132.8
137.8
142.9
148.0
152.7

173.7
183.8
197.7
211.4
224.7

193.7
196.8
202.3
212.8
223.7

1965
1966
1967
1968
1969

2,849.7 1,749.4 932.3
3,080.8 1,894.9 1,014.4
3,295.5 2,018.4 1,093.0
3,632.2 2,236.8 1,202.5
3,981.0 2,453.0 1,320.9

431.1
474.2
519.5
570.0
619.0

501.2 817.1
540.2 880.5
573.5 925.4
632.5 1,034.3
701.9 1,132.1

651.2
705.1
756.6
824.2
906.4

277.9
293.3
308.3
326.1
346.7

373.3
411.8
448.3
498.1
559.7

449.0
4809
520.5
571.2
621 6

1965
1966
1967
1968
1969

1,701.0
1,854.8
1,990.4
2,204.8
2,425.8

1,061.9
1,158.4
1,237.1
1,377.1
1,516.7

535.7
591.0
640.7
709.2
784.8

243.8
272.0
299.6
330.1
360.5

291.9
319.0
341.1
379.2
424.3

526.2
567.5
596.4
667.8
731.9

403.1
437.9
470.1
513.6
565.4

158.2
166.1
172.2
180.5
189.8

244.8
271.8
297.9
333.0
375.5

236.1
258.5
283.2
314.2
343.7

\970
1971
1972
1973
1974

4,334.9
4,746.9
5,182.6
5,829.1
6,969.6

2,648.8
2,925.9
3,215.7
3,633.9
4,317.1

1,453.4 679.3 774.1 1,195.5
1,598.9 733.2 865.7 1,327.0
1,737.7 789.8 948.0 1,478.0
1,940.3 875.1 1,065.2 1,693.6
2,387.1 1,083.9 1,303.2 1,930.0

1,006.4
1,098.5
1,188.8
1,336.8
1,647.0

371.0 635.4 679.7
393.7 704.8 7224
415.7 773.1 778.0
450.8 886.0 858 4
516.9 1,130.1 1,005.6

1970
1971
1972
1973
1974

2,637.2 1,637.3 865.1
2,888.0 1,811.0 950.5
3,162.6 1,997.7 1,033.1
3,570.0 2,267.6 1,157.7
4,255.0 2,684.8 1,422.6

395.0
423.6
455.4
507.5
628.1

470.2 772.2 627.4
526.9 860.5 683.3
577.7 964.7 740.2
650.2 1,109.9 832.0
794.5 1,262.2 1,026.0

201.0
210.8
223.2
241.9
277.1

426.4
472.4
517.0
590.1
748.9

372.4
393.7
424.7
470.5
544.2

1975
1976
1977
1978
1979

7,604.7
8,334.4
9,359.3
10,904.9
12,366.4

4,756.0
5,277.1
5,992.4
6,981.5
7,902.0

2,661.7
2,920.8
3,253.5
3,774.6
4,225.2

1,252.2
1,389.2
1,557.8
1,770.3
2,031.2

1,409.5
1,531.6
1,695.7
2,004.3
2,194.1

2,094.3
2,356.3
2,738.9
3,206.9
3,676.8

1,729.7
1,823.5
1,995.1
2,371.8
2,704.0

549.0
591.8
634.6
709.8
802.3

1 119 1
1,233.8
1,371.8
1,551.7
1 760 3

1975
1976
1977
1978
1979

4,600.2
5,0-14.3
5,624.8
6,564.1
7,436.1

2,934.5
3,242.2
3,681.0
4,294.8
4,866.5

1,571.0 718.7 852.3
1,709.9 790.3 919.6
1,895.8 885.0 1,010.8
2,199.7 1,008.5 1,191.2
2,459.1 1,160.2 1,298.9

1,363.5
1,532.3
1,785.2
2,095.1
2,407.4

1,070.0
1,119.3
1,218.4
1,448.8
1,644.3

292.3 777.7
313.1 806.2
335.2 883.2
377.8 1,071.0
428.7 1,215.5

595.7
652.8
725.5
820.5
925.3

1980
1981
1982
1983
1984

13,914.0
15,330.3
15,872.6
16,767.6
17,733.3

8,942.8
10,006.7
10,343.2
10,928.6
11,565.9

4,844.4
5,503.7
5,859.2
6,094.7
6,432.9

2,353.3
2,680.3
2,894.2
3,007.9
3,153.2

2,491.1
2,823.3
2,965.1
3,086.8
3,279.7

4,098.4
4,503.0
4,484.0
4,833.9
5,133.0

2,997.0 909.9 2,087.1 1,974.2
3,162.0 997.4 2,164.7 2 161 6
3,233.9 1,058.9 2,175.0 2,295.5
3,386.7 1,122.6 2,264.1 24523
3,561.3 1,161.7 2,399.6 2,606.2

1980
1981
1982
1983
1984

8,312.0
9,093.9
9,310.0
9,774.6
10,324.9

5,483.8
6,103.6
6,242.2
6,563.2
6,938.5

2,807.4
3,175.1
3,348.3
3,450.4
3,630.2

2,676.4
2,928.5
2,893.9
3,112.7
3,308.4

1,808.2
1,893.8
1,926.1
2,004.5
2,100.4

485.5
533.4
572.1
608.9
633.3

1,322.7
1,360.4
1,354.0
1,395.6
1,467.1

1,020.0
1,096.5
1,141.7
1,206.9
1,286.0

1985
1986
1987
1988
1989

18,770.0
19,787.2
21,134.1
22,395.3
23,789.1

12,105.0
12,756.9
13,706.6
14,423.9
15,397.4

6,706.4
7,056.5
7,459.3
7,895.6
8,387.5

3,286.6
3,511.4
3,685.4
3,942.7
4,185.9

3,419.8
3,545.1
3,773.9
3,952.9
4,201.6

5,398.5
5,700.4
6,247.2
6,528.3
7,009.9

3,847.9
3,967.4
4,116.3
4,394.3
4,561.0

2,817.1
3,062.9
3,311.3
3 577 1
3 830 7

1985
1986
1987
1988
1989

10,911.8 7,254.6 3,771.7 1,796.5 1,975.1 3,483.0
11,493.4 7,636.8 3,949.8 1,913.9 2,036.0 3,687.0
12,272.6 8,199.6 4,149.4 2,002.3 2,147.1 4,050.1
12,976.4 8,612.1 4,377.3 2,144.8 2,232.5 4,234.8
13,761.8 9,179.0 4,633.0 2,274.2 2,358.9 4,546.0

2,259.5
2,322.6
2,409.3
2,558.6
2,648.9

688.7
720.6
749.5
793.1
834.6

1,570.8
1,602.0
1,659.8
1,765.6
1,814.4

1,397.7
1,534.1
1,663.7
1,805.6
1,933.8




1,257.2
1,309.0
1,347.3
1,431.2
1,500.8

1,180.6
1,231.7
1,360.6
1,662.0
1,901.6

2,590.8
2,658.5
2,769.0
2,963.1
3,060.3

,

,

1,336.8
1,512.6
1,610.4
1,652.2
1,728.4

1,470.6
1,662.5
1,737.8
1,798.2
1,901.8

32

SURVEY OP CURRENT BUSINESS

October 1990

Table 3.—Constant-Cost Gross Stock of Fixed Reproducible Tangible Wealth,
1925-89

Table 4.—Constant-Cost Net Stock of Fixed Reproducible Tangible Wealth,
1925-89

[Billions of 1982 dollars]

[Billions of 1982 dollars]

Fixed private capital
Yearend

Government-owned
fixed capital

Nonresidential

Total
Total

Total

Equipment

Structures

Residential

Total

Federal

State
and
local

Government-owned
fixed capital

Fixed private capital

Durable
goods
owned
by
consumers

Nonresidential
Yearend

Total
Total
Total

Equipment

Structures

Residential

Total

Federal

State
and
local

Durable
goods
owned
by
consumers

1925
1926
1927
1928
1929

3,538.0
3,663.5
3,779.8
3,891.3
4,000.7

2,914.6
3,010.2
3,095.1
3,174.1
3,249.1

1,700.2
1,748.5
1,789.5
1,828.4
1,876.0

441.0
455.1
464.1
473.3
487.2

1,259.3
1,293.3
1,325.4
1,355.1
1,388.8

1,214.4
1,261.7
1,305.6
1,345.8
1,373.1

392.2
409.6
429.2
449.6
470.5

102.9
103.7
104.4
105.0
106.1

289.3
305.8
324.7
344.6
364.5

231.2
243 8
255 5
267 6
281 1

1925
1926
1927
1928
1929

2,113.7
2,193.9
2,265.1
2,330.3
2,392.2

1,709.0 931.5
1,770.1 957.4
1,822.1 977.8
1,867.6 995.9
1,908.4 1,022.4

236.0
243.4
246.4
249.7
257.7

695.5
714.0
731.4
746.1
764.7

777.5
812.7
844.3
871.7
886.0

280.1
290.4
302.7
315.7
329.0

72.6
70.8
69.1
67.6
66.6

207.5
219.5
233.5
248.2
262.4

124.6
133.4
140.4
147.0
154.9

1930
1931
1932
1933
1934

4,076.7
4,115.8
4,114.4
4,097.6
4,091.4

3,293.0
3,303.1
3,283.4
3,255.4
3,232.9

1,906.7
1,907.4
1,887.0
1,860.0
1,837.2

493.2
488.2
475.2
460.8
449.5

1,413.4
1,419.2
1,411.8
1,399.2
1,387.8

1,386.4
1,395.7
1,396.4
1,395.4
1,395.7

495.8
522.2
544.0
560.2
581.5

107.8
110.6
114.2
119.8
127.5

388.0
411.6
429.8
440.4
453.9

287 9
290.5
287 0
282 1
277 1

1930
1931
1932
1933
1934

2,420.9
2,414.5
2,371.7
2,318.3
2,280.8

1,919.0 1,032.9
1,897.4 1,014.7
1,848.2 977.4
1,794.5 937.0
1,750.5 904.7

257.6
247.3
229.7
212.8
201.4

775.2
767.4
747.7
724.1
703.3

886.1
882.7
870.9
857.5
845.8

346.3
364.4
378.0
385.2
397.1

66.4
67.2
69.3
73.0
78.4

280.0
297.2
308.6
312.2
318.7

155.6
152.7
145.5
138.7
133.3-

1935
1936
1937
1938 ..
1939

4,097.6
4,135.3
4,179.9
4,207.2
4,253.3

3,219.7
3,224.0
3,238.3
3,235.4
3,241.0

1,819.3
1,813.4
1,816.3
1,802.0
1,789.9

442.1
442.2
446.3
440.5
437.2

1,377.2
1,371.1
1,370.0
1,361.5
1,352.7

1,400.4
1,410.6
1,422.0
1,433.3
1,451.1

603.5
635.9
663.1
694.7
731.7

137.3
146.3
154.9
163.9
173.9

466.3
489.5
508.2
530.8
557.8

274.3
275 5
278!5
277.1
280.6

1935
1936
1937
1938
1939

2,260.3
2,274.2
2,295.2
2,299.1
2,322.9

1,719.5
1,708.7
1,709.2
1,693.6
1,688.3

880.5
871.0
871.5
855.9
843.9

195.9
199.1
206.5
203.7
203.8

684.6
671.9
664.9
652.3
640.1

838.9
837.7
837.7
837.6
844.3

409.5
431.6
448.0
468.2
493.4

85.6
91.8
97.1
102.6
108.9

323.9
339.8
350.8
365.6
384.5

131.3
133.9
138.1
137.3
141.2

1940
1941
1942
1943
1944

4,312.9
4,442.8
4,660.6
4,968.0
5,256.1

3,259.4
3,289.5
3,278.1
3,250.1
3,233.6

1,788.4
1,796.1
1,779.7
1,754.6
1,742.4

441.9
452.2
451.3
448.2
453.1

1,346.4
1,344.0
1,328.4
1,306.4
1,289.3

1,471.1 765.1
187.2
1,493.4 852.1
260.4
1,498.4 1,077.0 478.8
1,495.5 1,411.0 811.5
1,491.2 1,715.9 1,116.2

577.9
591.7
598.3
599.5
599.8

288.4
301 2
305 4
306 9
306 6

1940
1941
1942
1943
1944

2,360.0
2,449.3
2,606.5
2,792.4
2,921.1

1,696.7
1,717.1
1,693.5
1,655.3
1,630.2

843.5
852.9
835.5
810.8
800.2

211.3
224.0
222.2
218.2
223.0

632.2
628.9
613.3
592.6
577.3

853.2 514.8
864.2 581.6
858.1 765.0
844.5 993.7
830.0 1,152.4

118.4
179.8
365.1
600.7
767.2

396.4
401.8
399.9
392.9
385.2

148.5
150.6
148.0
143.4
138.4

1945
1946
1947
1948
1949

5,423.2
5,357.5
5,344.3
5,349.1
5,387.4

3,240.8
3,311.4
3,404.1
3,517.2
3,610.7

1,752.2
1,791.1
1,839.2
1,894.9
1,938.4

473.0
503.0
547.6
593.4
627.9

1,279.1
1,288.1
1,291.6
1,301.5
1,310.5

1,488.6
1,520.3
1,564.9
1,622.3
1,672.3

1,874.2 1,273.7
1,718.0 1,111.3
1,584.2 962.8
1,445.9 807.0
1,359.2 699.9

600.4
606.7
621.4
638.9
659.3

308.2
328.0
356 0
386 0
417 4

1945
1946
1947
1948
1949

2,960.7
2,866.2
2,848.3
2,888.5
2,950.0

1,628.8
1,687.4
1,768.6
1,865.5
1,939.7

811.3
848.2
894.9
945.5
981.2

242.3
267.6
306.5
344.4
368.1

569.0
580.6
588.4
601.1
613.2

817.5 1,195.6
839.2 1,028.3
873.7 909.9
920.0 832.6
958.5 797.7

817.4
651.6
526.6
440.0
392.7

378.2
376.7
383.3
392.6
404.9

136.4
150.4
169.8
190.4
212.6

1950
1951
1952
1953
1954

5,498.9
5,684.4
5,883.8
6,094.0
6,294.1

3,737.2
3,855.8
3,970.7
4,094.0
4,216.6

1,992.8
2,052.9
2,112.2
2,177.7
2,237.0

668.5
712.6
755.4
799.4
835.9

1,324.2
1,340.3
1,356.8
1,378.3
1,401.1

1,744.4
1,802.9
1,858.5
1,916.4
1,979.6

1,308.4
1,344.6
1,400.3
1,458.8
1,504.8

625.9
637.9
669.0
700.6
713.5

682.5
706.7
731.4
758.3
791.4

453 2
484.0
512.8
541 1
572 7

1950
1951
1952
1953
1954

3,073.0
3,202.0
3,347.7
3,501.9
3,643.6

2,041.8
2,133.0
2,216.0
2,305.5
2,393.4

1,023.5
1,069.1
1,110.2
1,156.2
1,195.9

394.6
421.8
444.7
468.2
483.9

628.9
647.2
665.5
688.0
711.9

1,018.4
1,063.9
1,105.8
1,149.3
1,197.5

788.6
804.9
852.0
897.5
937.0

368.7
369.4
400.8
428.8
445.0

419.9
435.4
451.2
468.7
492.0

242.6
264.1
279.7
298.8
313.2

1955
1956
1957
1958
1959

6,531.8
6,754.9
6,970.3
7,168.3
7,395.3

4,360.7
4,505.4
4,641.7
4,764.8
4,904.7

2,305.4 876.7
2,381.9 919.3
2,454.9 958.7
2,505.2 981.5
2,565.1 1,010.7

1,428.7
1,462.6
1,496.2
1,523.6
1,554.4

2,055.3
2,123.5
2,186.8
2,259.7
2,339.5

1,560.5
1,603.3
1,651.6
1,701.3
1,760.5

733.2
739.1
748.2
756.2
772.4

827.3
864.2
903.4
945.0
988.1

610 6
646.2
677 1
702.2
730 1

1955
1956
1957
1958
1959

3,806.4
3,955.8
4,088.8
4,206.3
4,348.5

2.50LO
2,607.2
2,704.0
2,788.0
2,886.1

1,243.6
1,298.6
1,349.7
1,379.3
1,417.0

505.2
527.6
548.3
553.9
566.4

738.4
770.9
801.4
825.4
850.6

1,257.4 968.4
1,308.6 995.9
1,354.3 1,019.9
1,408.7 1,049.2
1,469.1 1,082.9

450.9
452.5
448.8
448.4
451.9

517.6
543.4
571.1
600.8
631.1

336.9
352.7
364.9
369.1
379.4

I960
1961
1962
1963
1964

7,615.6 5,040.1 2,627.9 1,039.1
7,827.9 5,172.9 2,688.6 1,063.0
8,068.2 .5,321.3 2,757.5 1,093.1
8,333.2 5,484.8 2,831.8 1,127.8
8,626.8 5,665.9 2,922.0 1,172.5

1,588.8
1,625.6
1,664.4
1,704.1
1,749.5

2,412.2
2,484.3
2,563.8
2,653.0
2,743.9

1,819.6
1,878.5
1,943.3
2,013.8
2,091.7

788.5
800,7
817.4
836.1
858.9

1,031.2
1,077.8
1,125.9
1,177.6
1,232.9

755 9
776 6
803.6
834 6
869 2

1960
1961
1962
1963
1964

4,487.2
4,624.2
4,782.3
4,962.4
5,162.7

2,979.0
3,067.5
3,170.7
3,285,4
3,414.4

1,457.8
1,495.3
1,541.4
1,590.2
1,653.0

579.1 878.7
588.2 907.1
603.7 937.8
623.1 967.1
651.8 1,001.2

1,521.2
1,572.2
1,629.3
1,695.2
1,761.4

1,118.9
1,162.6
1,205.4
1,253.3
1,301.6

457.8
468.3
477.2
487.5
495.4

661.1
694.3
728.2
765.8
806.1

389.3
394.2
406.2
423.8
446.8

695.0
748.3
794.2
842.9
896.3

1965
1966
1967
1968
1969

8,958.2
9,304.2
9,642.6
10,016.1
10,394.2

5,874.4
6,089.0
6,295.3
6,523.7
6,763.9

3,041.2
3,177.0
3,306.9
3,444.4
3,595.4

1,233.6
1,308.0
1,378.9
1,455.7
1,540.8

1,807.6
1,869.0
1,928.1
1,988.7
2,054.6

2,833.2
2,912.0
2,988.3
3,079.2
3,168.5

2,169.4
2,249.8
2,331.1
2,410.2
2,482.9

877.6
895.0
907.7
914.5
919.9

1,291.8 9145
1,354.7 965 5
1,423.4 1 016 2
1,495.7 1 082 3
1,563.0 1 147 4

1965
1966
1967
1968
1969

5,397.1
5,641.6
5,866.0
6,116.1
6,361.8

3,566.7
3,719.7
3,858.0
4,012.8
4,173.7

1,741.5
1,842.4
1,931.7
2,024.3
2,125.3

1,825.2
1,877.3
1,926.3
1,988.6
2,048.4

1,350.8
1,404.6
1,456.9
1,510.0
1,555.6

849.3
501.5
508.4 896.2
947.8
509.1
508.4 1,001.6
505.7 1,049.9

479.7
517.4
551.1
593.3
632.5

1970
1971
1972
1973
1974

10,742.6
11,125.3
11,547.9
12,009.2
12,419.1

6,989.0
7,235.4
7,515.8
7,825.6
8,100.5

3,737.8
3,871.0
4,015.8
4,197.6
4,377.9

1,620.0
1,693.5
1,779.1
1,892.2
2,004.6

2,117.8
2,177.5
2,236.7
2,305.4
2,373.3

3,251.2
3,364.5
3,500.0
3,628.0
3,722.6

2,547.5
2,613.0
2,673.0
2,726.4
2,778.7

921.7
927.1
930.1
929.1
925.7

1,625.8
1,685.9
1,742.9
1,797.2
1,853.0

1,206.1
1,276.9
1,359.1
1 457 3
1 539 9

1970
1971
1972
1973
1974

6,566.2
6,791.8
7,061.3
7,357.5
7,585.9

4,312.7
4,468.2
4,655.0
4,863.9
5,029.2

2,212.2 939.8 1,272.4 2,100.5
2,286.1 975.7 1,310.4 2,182.1
2,370.2 1,022.1 1,348.1 2,284.8
2,486.0 1,093.0 1,393.0 2,377.9
2,593.3 1,158.7 1,434.6 2,435.9

1,594.1
1,629.5
1,666.4
1,697.0
1,725.7

501.9
498.5
500.4
499.6
496.3

1,092.2
1,131.0
1,165.9
1,197.4
1,229.4

659.4
694.1
740.0
796.6
831.0

1975
1976
1977
1978
1979

12,771.9
13,157.3
13,596.6
14,092.7
14,603.8

8,313.1
8,549.2
8,836.9
9,163.7
9,513.7

4,513.3
4,649.3
4,813.8
5,009.4
5,222.7

2,084.4
2,166.3
2,273.3
2,400.4
2,536.7

2,428.8
2,483.0
2,540.5
2,609.0
2,686.0

3,799.9
3,899.9
4,023.2
4,154.3
4,291.0

2,839.1
2,894.9
2,943.3
3,001.0
3,056.1

934.5
944.0
951.7
965.4
979.9

1,904.6
1,950.9
1,991.6
2,035.5
2,076.2

1 619 7
1 713 2
1 8164
1,928.1'
2 034 0

1975
1976
1977
1978
1979

7,743.3
7,933.2
8,176.9
8,466.8
8,761.6

5,130.3
5,251.4
5,421.1
5,622.0
5,841.2

2,654.6
2,714.1
2,799.1
2,909.3
3,033.3

1,192.7
1,228.6
1,287.7
1,364.0
1,446.8

1,461.9
1,485.5
1,511.3
1,545.3
1,586.4

2,475.6
2,537.4
2,622.0
2,712.7
2,808.0

1,753.1
1,777.1
1,795.8
1,825.5
1,851.5

496.8
499.0
502.3
513.3
523.6

1,256.3 860.0
1,278.1 904.6
1,293.5 960.0
1,312.2 1,019.3
1,328.0 1,068.8

1980
1981 .
1982
1983
1984

15,042.0
15,466.9
15,834.3
16,244.7
16,762.1

9,813.2
10,105.6
10,334.0
10,578.8
10,903.8

5,420.0
5,624.5
5,785.7
5,932.7
6,127.5

2,651.1
2,759.4
2,834.3
2,912.8
3,023.7

2,768.9
2,865.2
2,951.4
3,019.9
3,103.9

4,393.1
4,481.1
4,548.3
4,646.0
4,776.2

3,117.5
3,170.9
3,230.2
3,291.3
3,347.8

999.1
1,017.7
1,045.6
1,074.7
1,097.5

2,118.5
2,153.2
2,184.6
2,216.6
2,250.3

21113
21904
2 270 1
2 374 7
25105

1980
1981
1982
1983
1984

8,972.4
9,165.3
9,298.6
9,468.8
9,750.4

6,005.2
6,156.5
6,244.1
6,349.1
6,534.6

3,137.7
3,243.8
3,307.1
3,357.1
3,456.2

1,505.5
1,557.1
1,577.1
1,602.7
1,662.6

1,632.2
1,686.6
1,730.1
1,754.4
1,793.6

2,867.4
2,912.7
2,937.0
2,992.0
3,078.4

1,877.5
1,897.9
1,925.2
1,949.4
1,974.2

533.9
544.5
565.2
583.3
598.5

1,343.7
1,353.4
1,360.0
1,366.2
1,375.7

1,089.7
1,110.9
1,129.3
1,170.3
1,241.7

1985
1986
1987
1988
1989

17,335.1
17,922.6
18,510.3
19,130.9
19,749.1

11,254.4
11,603.5
11,938.6
12,302.3
12,645.7

6,348.3
6,545.8
6,731.5
6,947.9
7,158.2

3,153.6
3,284.2
3,417.6
3,581.3
3,750.8

3,194.7
3,261.6
3,314.0
3,366.7
3,407.4

4,906.1
5,057.7
5,207.0
5,354.4
5,487.6

3,422.5
3,501.7
3,593.8
3,681.0
3,775.7

1,132.6
1,168.0
1,215.8
1,256.5
1,306.7

2,289.9
2,333.8
2,378.0
2,424.5
2,469.1

2,658.2
2,817 4
2,977.9
3,147.6
3 327 6

1985
1986
1987
1988
1989

10,079.3
10,418.0
10,741.3
11,084.4
11,411.3

6,741.0
6,941.3
7,124.6
7,331.5
7,514.8

3,576.5
3,671.3
3,752.4
3,860.9
3,959.8

1,737.5
1,809.1
1,879.9
1,974.2
2,067.2

1,839.0
1,862.3
1,872.5
1,886.6
1,892.7

3,164.4
3,270.0
3,372.2
3,470.7
3,555.0

2,011.7
2,053.3
2,105.8
2,147.5
2,197.7

622.8
646.3
679.9
701.9
732.9

1,388.9
1,407.0
1,426.0
1,445.6
1,464.8

1,326.6
1,423.4
1,510.9
1,605.4
1,698.8

. .
. . .




1,046.5
1,094.1
1,137.4
1,181.4
1,229.0

BUSINESS CYCLE INDICATORS
Data tables
Footnotes for pages C-l through C-5
Charts
Historical data for selected series
Business cycle expansions and contractions
Specific peak and trough dates for selected indicators
Titles and sources of series
,

Annual Revision of Composite indexes
The composite indexes of leading, coincident, and lagging indicators (series 910,
920, and 930) have been revised from January 1985 through August 1990. These
revisions incorporate revised data for component series but do not involve changes
in the components of the indexes or in the standardization or trend factors. The
ratio of the coincident to lagging composite indexes (series 940) and the diffusion
indexes based on the leading, coincident, and lagging indicator components (series
950,951, and 952) have been revised for the same period. Historical data for these
indexes and their components are shown on pages C-25 through C-44.

C-l
C-6
C-7
C-25
C-45
C-46
C-47

Series originating in Government agencies are not copyrighted and may be reprinted freely. Series from private sources are provided through the
courtesy of the compilers and are subject to their copyrights.
Current and historical data for the series shown in the C-pages are available on printouts, diskettes, and the Commerce Department's Economic
Bulletin Board. For more information, write to Statistical Indicators Branch, Business Outlook Division (BE-52), Bureau of Economic Analysis, U.S.
Department of Commerce, Washington, DC 20230.
NOTE.—This section of the SURVEY is prepared by the Statistical Indicators Branch.

Series
no.

Year

1989

1990

Series title and timing classification
1989

Aug.

Sept.

Oct.

1 Nov.

[ Dec.

Jan.

Feb.

Mar. | Apr. |

May

June

1

July

Aug. 1 Sept.

' 146.1
0
-4.3

'144.4
'-13.1
"-7.4

1. CYCLICAL INDICATORS

1.1 Composite Indexes
910 •

(i)
(5)
(8)

(32)
(20)
(29)
(92)
(99)
(19)
(106)
(83)
950

The Leading Index
Composite index of leading indicators, 1982=100 (L,L,L) §,
Percent change over 1-month span, AR§
Percent change over 3-month span, AR §.....
Contributions of leading index components:
Average weekly hours, mfg. (L,L,L) §
Average weekly initial claims for unemployment
insurance (inverted) (L,C,L) $.
New orders in 1982$, consumer goods and materials
(L,L,L)§.
Vendor performance, slower deliveries diffusion index
(L,L,L)§.
Contracts and orders for plant and equipment in 1982$
(L,L,L)§.
Building permits, new private housing units (L,L,L) §
Change in unfilled orders in 1982$, durable goods,
smoothed (L,L,L) f §•
Change in sensitive materials prices, smoothed (L,L,L) f §
Stock prices, 500 common stocks, NSA (L,L,L)
Money supply M2 in 1982$ (L,L,L)§
Index of consumer expectations, NSA (L,L,L)
Diffusion index of 11 leading indicator components:
Percent rising over 1-month span §
Percent rising over 6-month span §

The Coincident Index
920* Composite index of coincident indicators, 1982=100
(C,C,C) §.
Percent charige over 1-month span, AR §
Percent change over 3-month span, AR§
Contributions of coincident index components:
Employees on nonagricultural payrolls (C.C.C) §
(41)
Personal income less transfer payments in 1982$ (C,C,C) §
(51)
Industrial production (C,C,C) §
,.
(47)
Manufacturing and trade sales in 1982$ (C,C,C) §
(57)
Diffusion index of 4 coincident indicator components:
951
Percent rising over 1-month span §
Percent rising over 6-month span §

(91)
(77)
(62)
(109)
(101)
(95)
(120)
952
940*

The Lagging Index
Composite index of lagging indicators, 1982=100
(Lg,Lg,Lg) §.
Percent change over 1-month span, AR§
Percent change over 3-month span, AR §
Contributions of lagging index components:
Average duration of unemployment (inverted)
(Lg,Lg,Lg)*§.
Ratio, mfg. and trade inventories to sales in 1982$
(Lg,Lg,Lg) §.
Change in labor cost per unit of output, mfg., smoothed
(Lg,Lg,Lg) t §.
Average prime rate, NSA (Lg,Lg,Lg)
Commercial and industrial loans in 1982$ (Lg,Lg,Lg) §
Ratio, consumer installment credit to personal income
(Lg,Lg,Lg) §.
Change in CPI for services, smoothed (Lg,Lg,Lg) t §
Diffusion index of 7 lagging indicator components:
Percent rising over 1-month span §
Percent rising over 6-month span §
Ratio, coincident index to lagging index, 1982=100 (L,L,L) §

' 145.2
'-1.6
5.4

' 146.0
'6.8
'1.9

' 146.1
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2.5

.08
-.07

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'-.13

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-.02

.04

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.16

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-.01
-.04

'-.07
-.03

'-.07
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-.38

-.16

-.04

-.03

.25

' 145.4
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-.04

'144.1
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" 143.3
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' 145.4
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43.2
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'36.4
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' 133.1

' 133.4

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' 132.7

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'-.19
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'75.0
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50.0
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100.0

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'119.8

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57.1
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35.7
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'57.1
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100.0
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.14

.24

.10

.19

'42.9
28.6
111.8

28.6
28.6
"111.5

42.9
35.7
'112.8

50.0
42.9
112.8

.25

-.13

57.1
'50.0
'112.0

1

' 134.6

'4.6
2.7

50.0
'50.0
'112.8

50.0
2
30.0
113.6

'35.7
'113.2

133.9

2

118.5
2

-2.0

".07
2

50.0

"113.0

See footnotes on page C-6.




c-i

C-2
Series
no.

SURVEY OF CURRENT BUSINESS
Series title and timing classification

1989

Year

1989

October 1990

Oct.

Aug. | Sept

1990
Nov. | Dec.

Jan. | Feb.

Mar.

Apr. | May June

July

Aug.

Sept.

1. CYCLICAL INDICATORS — Continued
1.2 Employment and Unemployment
1•

21 *
5*
46 4
60
48 •
42
41 •
963

40*
904
37
43 *
45
91 4
44

Marginal employment adjustments:
41.0
Average weekly hours, mfg. (L,L,L)
3.8
Average weekly overtime hours, mfg. (L,C,L)
324
Average weekly initial claims for unemployment
insurance, thous. (L,C,L) ' $.
Job vacancies:
151
Index of help-wanted advertising, 1967=100 (L,Lg,U)
.687
Ratio, help- wanted advertising to unemployment (L,Lg,U)..
Employment:
Employee hours in nonagricultural establishments,
201.93
bil. hours, AR (U,C,C).
114,142
Persons engaged in nonagricultural activities, thous.
(U,C,C).
108,413
Employees on nonagricultural payrolls, thous. (C,C,C)
Diffusion index of employees on private nonagricultural
payrolls, 349 industries:
572
Percent rising over 1 -month span
60.4
Percent rising over 6-month span
Employees in goods-producing industries, thous. (L,C,U).... 25,326
63.0
Ratio, civilian employment to population of working age,
percent (U,Lg,U).
Unemployment:
6,528
Number of persons unemployed, thous. (L,Lg,U) $
5.3
Civilian unemployment rate, percent (L,Lg,U) $
2.1
Avg. weekly insured unemploy. rate, percent (L,Lg,U) ' $..
Average duration of unemploy. in weeks (Lg,Lg,Lg) $
11.9
Unemployment rate, 15 weeks and over, percent
1.1
(Lg,Lg,Lg)$.

41.0
3,8
316

40.9
3.8
320

40.8
3.7
357

40.7
3.7
343

40.6
3.7
354

40.7
3.6
363

40.8
3.6
353

40.8
3.7
346

40.7
3.5
356

40.9
3.8
346

41.0
3.8
351

40.9
r
3.7
352

41.0
'3.8
368

"41.0
'3.7
391

147
.671

146
.658

151
.684

145
.648

149
.666

146
.665

140
.632

139
.637

137
.602

134
.599

132
.609

132
.576

127
.540

"122
".513

203.19

205.05

201.95

202.64

204.86

202.96

203.74

204.62

203.48

205.15

114,275

114,200

114,388 114,676

114,691

114,728

114,957

115,133 114,983

115,045

115,041

114,867

108,628

108,868

108,980

109,245

109,383

109,654

109,958

110,122

110,177

110,617

110,829

110,740 '110,657 "110,556

577
58.1
25,356
63.0

500
56.2
25,304
62.9

552
58.3
25,283
62.9

596
57.4
25,280
63.0

566
58.4
25,218
63.0

556
57.3
25,188
62.9

58.6
56.5
25,339
63.0

53.7
55.5
25,259
63.1

49.9
'55.9
25,180
62.9

55.8
r
52.0
25,191
63.0

6,520
5.3
2.1
11.4
1.1

6,604
5.3
2.1
11.5
1.1

6,563
5.3
2.2
11.7
1.1

6,652
5.3
2.2
11.6
1.1

6,658
5.3
2.3
11.5
1.1

6,535
5.3
2.3
12.1
1.1

6,594
5.3
2.2
11.7
1.1

6,495
5.2
2.3
12.0
1.1

6,770
5.4
2.3
12.1
1.1

6,653
5.3
2.3
11.6
1.1

34136
2,905.9

34158
2,908.8

4,155.1
4
1,831.3
34157
2,909.2

206.12 '205.55 '204.86 "205.74
114,521

114,717

"44.0
'50.8
49.9
'47.3
"48.6
25,162 ' 25,105 '25,013 " 24,929
62.7
62.6
62.5
63.0

6

'*tl
2.3

12.0
1.1

6,814
5.5
2.3
12.0
1.2

7,003
5.6
2.3
12.3
1.3

7,069
5.7
2.4
12.5
1.3

1.3 Production and Income
504
49
52
51 4

534
47 4
73 t
74 4
124
82 4

Output. and income:
Gross national product, bil. 1982$, AR (C,C,C)
Percent change from previous quarter AR
Value of goods output, bil. 1982$, AR (C,C,C)
Personal income bil 1982$ AR (C C C)
Personal income less transfer payments, bil. 1982$, AR
(C,C,C).
Wages and salaries in mining, mfg., and construction,
bil. 1982$, AR (C,C,C).
Industrial production indexes, 1987=100:
Total (C C C)
Durable manufactures (C C C)
Nondurable manufactures (C L L)
..
. . .
Capacity utilization rates (percent):
Total industry (L C U)
Manufacturing (L,C,U)

33823
2,886.7

4,133.2
3
1,823.1
33889
2,889.8

34646
2,905.5

33949
2,885.7

4,150.6
17
1,825.4
34042
2,897.0

552.4

551.3

544.8

544.1

536.4

539.5

539.8

535.6

540.0

539.8

'537.5

'532.3

" 529.3

108.2
111.3
106.2

108.2
111.5
106.0

107.7
1094
107.2

108.1
110.1
107.3

1086
1104
1067

1075
108.6
1075

1085
1107
1083

1089
1119
1072

1088
111 1
1075

1094
1126
1074

'1101
'1134
1076

'1103
'1132
108 1

'1104
'1136
108 1

" 110.7
"1138
"108.3

840
83.8

839
83.6

833
82.9

835
83.0

837
82.8

827
82.0

832
83.0

834
82.9

831
82.5

834
82.8

'837
'83.0

'837
'82.9

'836
'82.8

"836
"82.8

101.07
86.71

107.48
89.32

102.92 ' 107.01
88.33 '91.25

103.48
89.03

4,117.7
25
1,829.5
3 3765
2,886.1

4,129.7
17
1,836.5
33810
2,887.5

33805
2,885.4

554.2

554.3

108.1
110.9
106.4
842
83.9

" 4,173.6
"18
" 1,835.6
34223 '3^4288 '34134 "34059
2,912.5 '2,919.9 '2,905.5 " 2,897.9

1.4 Consumption. Trade, Orders, and Deliveries
74

84

924
324
57 4
754
59 4
58
834
122

1234

Orders and deliveries:
Mfrs.' new orders, durable goods, bil. 1982$ (L,L,L)
Mfrs.' new orders, consumer goods and materials,
bil. 1982$ (L.L.L).
Mfrs.' unfilled orders, durable goods, mil. 1982$ 0
Change from previous month bil 1982$
Change from previous month, bil. 1982$, smoothed
(L,L,L) t.
Vendor performance, slower deliveries diffusion index,
percent (L,L,L).
Consumption and trade:
Manufacturing and trade sales, mil. 1982$ (C,C,C)
Index of industrial production, consumer goods,
1987=100 (C,L,C).
Sales of retail stores, mil. 1982$ (U,L,U)
Indexes of consumer attitudes:
Consumer sentiment,
U. of Michigan, 1966:1=100,
NSA(L,L,L)© 2 .
Consumer expectations,
U. of Michigan, 1966:1=100,
NSA(L,L,L)© 2 .
Consumer confidence, The Conference Board,
1985=100 (L,L,L).
Consumer expectations, The Conference Board,
1985=100 (L.L.L).

1,281.39
1,054.18

106.89
90.45

105.06
87.84

104.07
87.60

109.02
88.78

110.41
86.12

413,899 400,552 401,595 402,621 406,439 413,899
382
103
1.04
-2.70
2 15
746
1.56
2.06
1.05
1.10
2.01
,82

47.6

44.6

43.8

42.9

43.0

' 106.21 '104.94 " 102.97
'88.68 '90.79 "87.46

414,899 413,199 416,022 416,994 417,463 414,610 '416,418 '414,366 " 414,588
2.82
-1 70
1.00
" 22
' 1.81 '-2.05
-2.85
.47
.97
2.10
2.20
2.50
"-.32
'.48
.80
1.58
1.89
'-.05

51.1

49.4

473,358 479,562 482,472 477,900 482,397 485,392 '482,361 "488,392
107.4 ' 107.8 ' 107.3 ' 107.8
107.2
107.5
107.0
106.0

"109.1

47.2

42.5

5,715,152 '484,980 '480,843 476,868 478,552 477,581
107.4
105.6
108.3
107.3
106.3
106.7
1,466,669 ' 124,138 ' 124,095 122,156 122,563

98.75
82.68

43.3

45.8

47.6

48.6

122,114

123,661

123,276

122,379

121,317

121,132

51.2

47.3

122,085 ' 122,613 ' 121,267 " 121,480

92.8

89.6

95.8

93.9

90.9

90.5

93.0

89.5

91.3

93.9

90.6

88.3

88.2

76.4

85.3

80.3

88.6

87.2

84.3

85.5

83.4

81.3

81.3

83.9

79.3

76.6

77.3

62.9

58.8

116.8

115.4

116.3

117.0

115.1

113.0

106.5

106.7

110.6

107.3

107.3

102.4

101.7

'84.7

"84.7

104.8

103.7

106.1

106.4

103.7

104.4

97.0

93.7

101.9

99.2

100.3

96.6

91.8

'74.2

"77.0

122.6
55,000

121.7
53,316

121.8 '119.7
54,097 " 51,440

'118.3

"116.1

72.8

1.5 Fixed Capital Investment
Formation of business enterprises:
124.7
Index of net business formation, 1967=100 (L,L,L)
124
679,815
Number of new business incorporations (L,L,L)
13 4
Business investment commitments:
527.60
Contracts and orders for plant and equipment, bil.$
10
(L,L,L).
Contracts and orders for plant and equipment, bil. 1982$
592.58
204
(L,L,L).
542.14
Mfrs.' new orders, nondefense capital goods, bil. 1982$
274
(L,L,L).
881.70
Construction contracts awarded for commercial
and
94
industrial buildings, mil. sq. ft. (L.C.U)©3.
11
165.36
Newly approved capital appropriations, mfg., bil.$
(U,Lg,U).
Backlog of capital appropriations, mfg , bil.$ (C,Lg,Lg) 0... 112.94
97
See footnotes on page C-6.




123.2
55,916

122.7
55,390

54,651

123.4
55,180

124.3
57,040

126.9
59,397

126.2
56,821

124.1
56,271

1:23.0

42.34

'41.61

40.84

43.30

48.85

43.04

40.10

44.98

40.66

40.44

39.98

'43.37

'39.40

"42.24

48.58

'48.69

47.13

49.27

54.16

48.99

46.45

51.51

'47.33

'47.12

'46.39

'50.66

'45.00

"50.71

44.37

43.62

43.19

45.71

50.55

45.20

43.24

48.24

44.05

43.52

43.37

'47.85

'42.19

"47.63

67.05

83.97

74.33

67.63

67.06

73.56

66.49

69.01

62.12

66.84

57.71

51.54

53.12

61.63

37.11
117.14

"31.83

33.06

39.83
112.94

109.02

" 108 48

Series
no.

C-3

SURVEY OF CURRENT BUSINESS

October 1990

Series title and timing classification

Year

1989

1989

Aug. | Sept. | Oct.

1990
Nov. | Dec.

Jan.

Feb.

Mar.

Apr.

May

1 June

July

Aug. | Sept.*

1. CYCLICAL INDICATORS — Continued
1.5 Fixed Capital Investment — Continued
61
100 •
69 •
76*
86
87
88
28
29
89 •

Business investment expenditures:
New plant and equipment expenditures by business bil $
AR (C,Lg,Lg).
New plant and equipment expenditures by business,
bil. 1982$, AR(C,Lg,Lg).
Mfrs.' machinery and equipment sales and business
construction expenditures, bil.$, AR (C,Lg,Lg).
Index of industrial production, business equipment,
1987=100 (C,Lg,U).
;
Gross private nonres. fixed investment, bil. 1982$, AR:
Total (CLgC)
Structures (Lg,Lg,Lg)
Producers' durable equipment (C Lg C)
Residential construction and investment:
New private housing units started, thous., AR (L,L,L)
Index of new private housing units authorized by local
building permits, 1967=100 (L,L,L).
Gross private residential fixed investment, bil. 1982$, AR
(L,L,L).

50740

51495

51958

53245

53549

a 532 47

501.58

510.36

515.96

524.07

528.10

" 524.60

492.00

513.01

508.02

490.58

488.22

495.48

499.30

521.73

119.1

120.4

120.7

116.0

118.7

119.9

11.8.0

120.1

506 1
122.4
3837

5133
122.7
3906

1,376
107.6

1,325
106.4

187.0

184.4

5084
123.1
3854
1,263
104.5

1,423
108.6

1,347
108.8

512.14 '500.36 '499.11 '516.46 '501.98 "517.10
122.2

121.6

1,568
138.7

181.8

1,488
103.4

' 124.4

' 124.6

1,307
98.2

1,216
88.4

1,206
84.9

1,189
88.4

' 1,153
86.3

' 125.6

'1,142
83.7

' 1,135
79.1

"175.3

182.8

188.3

' 124.8

v 517.6
" 122.4
r 395 2

5084
120.9
387 5

5146
123.8
3908
1,273
112.9

123.5

1.6 Inventories and Inventory Investment
Inventory investment:
Change in business inventories, bil 1982$, AR (L,L,L).
Change in mfg. and trade inventories, bil.$, AR (L,L,L)
Inventories on hand:
Mfg. and trade inventories, bil. 1982$ (Lg,Lg,Lg) 0
70
Ratio, mfg. and trade inventories to sales in 1982$
77*
(Lg,Lg,Lg).
30*
31 •

23.8
41.1

24.6
'32.9

'9.1

31.7

18.9
40.2

701.56
1.46

699.80
1.44

698.03
1.45

702.17
1.47

705.14
1.47

-32.3
701.56
1.47

21.4

-2.2
-38.2

-4.2

28.6

9.5
52.2

700.03
1.45

699.50
1.48

695.19
1.45

695.32
1.44

697.26
1.46

-47.2

'68.2

"7.8
"52.0

696.87 ' 700.43 '699.61
1.44
1.45
" 1.43

1.7 Prices, Costs, and Profits
Sensitive commodity prices:
Index of sensitive materials prices, 1982=100
Percent change from previous month
.
99*
Percent change from previous month, smoothed
(L,LsL)f.
98
Index of producer prices for sensitive crude and
intermediate materials, 1982=100 (L,L,L).
Cattle hides
Lumber and wood products
Wastepaper, news
Wastepaper, mixed NSA
. ..
Wastepaper corrugated
. . .
Iron and steel scrap
Copper base scrap

23*

120*
19*
16 •
18 •
22 *
81 •
26 •
35
63

62*

Other nohferrous scrap, n.e.c., NSA
Sand gravel and crushed stone
Raw cotton
Domestic apparel wool
Index of spot market prices, raw industrial materials,
1967=100, NSA (U,L,L)©'.
Copper scrap $ per Ib ©
.... ...
Lead scrap, $ per Ib © . .
Steel scrap $ per ton© . .
Tin $ per Ib ©
. . . . .
Zinc $perlb NSA©
Burlap, $ per yd © . .
Cotton, $" per Ib. ©
Print cloth, $ per yd. ©
Wool tops, $ per Ib., NSA ©
Hides $ per Ib ©
Rosin, $ per 100 Ib. ©
Rubber $ per Ib NSA ©
Tallow $ per Ib NSA ©
Consumer Price Index for services, 1982-84=100
Percent change from previous month, AR
Percent change from previous month, AR, smoothed
(Lg,Lg,Lg) t.
Index of stock prices, 500 common stocks, 1941-43=10,
NSA (L,L,L).
Profits and profit margins*.
Corporate profits after tax bil $ AR (L L,L)
Corporate profits after tax bil 1982$, AR (L,L,L)
Ratio, corporate domestic profits after tax to corporate
domestic income, percent (L,L,L).
Ratio, corporate domestic profits after tax with IVA and
CCAdj to corporate domestic income, percent (U,L,L).
Ratio, implicit price deflator to unit labor cost, all
persons, nonfarm business sector, 1982=100 (L,L,L).
Corporate net cash flow, bil. 1982$, AR (L,L,L)
Unit labor costs:
Index of unit labor cost, all persons business sector,
1982=100 (Lg,Lg,Lg).
Index of labor cost per unit of output, mfg,, 1987=100
Percent change from previous month, AR
Percent change from previous month, AR, smoothed
(Lg,Lg,Lg)t.

131.88
-.33
.09

130.85
-.49
-43

131.19
.26
-.47

131.02
-.13
-.45

128.54
-1.89
-.63

12587
-2.08
-.93

125.32
-.44
-1.04

12370
-1.29
-1.14

125.36
1.34
-.86

12691
1.24
-.42

140.86

140.59

140.86

141.94

140.07

138.31

137.43

136.79

138.05

141.61 '143.16

213.3
1267
1242
1153
1813
1737
1799
2043
165.2
1228
1058
1378
325.3

2190
1290
1089
1012
1646
1672
1830
1864
158.3
123 1
111 3
1293
325.0

2229
1291
1075
1006
162 1
1647
1873
1884
161.9
1235
116 1
1330
327.0

222.7
131.2
1087
1004
1653
1592
1965
1865
164.2
1237
1216
1320
325.7

225.6
1303
1106
1004
1716
1539
1759
1882
155.3
1239
1204
1340
314.2

229.6
129.7
1085
1015
1778
1526
1572
1833
146.5
1240
1112
1245
301.7

2062
1298
1094
1008
1732
1540
1603
1775
146.0
1239
1059
1212
300.9

2330
1297
1057
81 0
176 1
1509
1576
159 1
138.8
1247
111 0
1053
301.1

2172
1300
1050
806
1700
1561
1698
1578
156.0
1250
1150
1058
304.5

1030
1014
.249
.236
102.439 101.640
4628
4.919
.822
.829
.296
.287
.704
.726
.789
.767
5.250
5.220
1 018
996
63.126 62.812
462
473
138
131
132.7
133.0
2.7
3.7
4.6
4.9

1.031
.244
97.826
4.402
.804
.295
.752
.744
5.180
1035
62.624
461
144
133.6
5.5
4.5

894
.239
96.000
3.665
.761
.284
.719
.719
5.000
1 040
62.500
457
144

134.2
5.5
4.6

768
228
94094
3531
734
.279
.647
.699
4.800
1 052
62.438
449
136
134.9
6.4
4.9

777
236
97143
3543
688
276
.643
.727
4.680
1 085
63.690
448
136
135.7
7.4
5.4

841
258
96836
3378
669
279
.669
.713
4500
1 109
65217
458
142
136.2
4.5
5.6

979
846
883
938
951
990
1 084
234
227
238
263
255
256
226
98000 109566 116303 117647 1 14 757 111 765 111 881
3424
3483
3 588
3372
3449
3318
3459
762
830
810
831
866
874
870
292
.285
284
286
294
291
287
.701
.689
756
.707
.697
735
763
711
.722
713
692
748
729
.731
4.738
5000
5.000
5250
5000
5.000
5.000
1 022
1 032
1 056
978
948
1 039
1 068
65.347 63.370 62 874 63317 64090 64483 64090
460
474
458
457
488
458
460
128
134
121
129
139
133
125
137.1
140.6
139.6
137.9
137.5
141.1
138.8
3.6
8.2
44
81
3.5
8.9
7.1
6.0
5.6
6.0
6.6
6.5
6.0
5.7

347.40

340.22

348.57

339.97

330.45

338.47

958
241
106939
4814
830
283
.639
.710
5.722
1 001
63.958
507
143
131.9
5.0
4.9

322.84

346.61

1726
143.6
5.0

1636
134.2
4.6

347.33

1663
1352
4.5

2207
1316
1064
91 9
1673
1662
1845
1682
164.2
1249
1155
966
310.9

338.18

' 224 8
1315
'109 1
'920
' 1676
' 1770
'1887
'1664
' 163.7
125 5
1149
862
314.7

350.25

5.2

5.3

4.5

4.6

4.9

104.4

104.1

1037

103 8

406.8

396.9

396.5

3891

3857

118.0

118.2

119.6

121 1

101.7
1.2
.8

101.9
-2.3
1.3

102.7
12.5
2.3

101.2
-16.2
.6

101.6
4.8
.2

101.7
1.2
.1

101.1
-6.9
-.9

127 10
.09
.26

12684
-.20
.24

141.23

141.95

143.02

142.66

223 1
1303
1079
898
161 3
171 6
1778
1666
158.4
1256
1170
843
317.2

2240
1306
1077
898
1535
1697
1894
1688
161.2
125 1
125 1
825
319.7

221 3
130.1
1028
873
1497
1764
2006
1757
168.2
1255
121 4
807
321.1

2153
1296
996
784
1453
1746
2005
1843
172.6
1259
121 2
796
320.0

360.39

360.03

330.75

315.41

' 101.7
'0
'.3

'101.5
'-2.3
'.1

'101.3
'-2.3
'-.4

" 101.0
"-3.5
'-1.1

166 1
131 1
46

167 1
1334
4.6

104.2

101.7
-2.3
1.0

12698
.32
.19

' 126 73 12658
'-.12
'-.14
'-.12
.05

1224
101.6
6.1
-.6

101.6
0
-.3

101.7
1.2
.1

1.8 Money and Credit
Money:
Percent change in money supply Ml (L,L,L)
85*
Percent change in money supply M2 (L,C,U)
102*
Money supply Ml, bil. 1982$ (L,L,L).....
105
106*
Money supply M2, bil. 1982$ (L,L,L)
See footnotes on page C-6.




.08
.40
609.9
2,435.2

.17
.64
605.0
2,439.5

.32
.53
605.5
2,446.7

.66
.58
606.7
2,449.5

.16
.61
605.4
2,454.9

0
.42
.68
-.02
.83
.31
-.24
.50
'.87
".81
.64
'.29
.76
.47
.20
'-.20
'.24
'.16
'.55
".48
607.2
600.8
602.4
602.6
603.4
601.0
600.9
598.5 ' 598.8 " 599.3
2,461.1 '2,442.2 '2,447.8 '2,448.3 '2,449.4 '2,441.0 ' 2,434.0 ' 2,429.0 ' 2,422.6 "2,416.4

C-4
Series
no.

SURVEY OF CURRENT BUSINESS
Year

1989

Series title and timing classification
1989

October 1990

Aug.

Sept.

Oct.

1990
Nov.

Dec.

Jan.

Feb.

| Mar. | Apr. | May

| June

| July

| Aug. Sept.*

1. CYCLICAL INDICATORS — Continued
1.8 Money and Credit — Continued
107
108

112*
113*
111
110 •

14
39
93
94
119 *
114*

116*
115*
117
118
109 *
66
72
101 •
95*

Velocity of money:
Ratio GNP to money suppy Ml (C C C)
Ratio, personal income to money supply M2 (C,Lg,C)
Credit flows:
Net change in business loans, bil.$, AR (L,L,L)
Net change in consumer installment credit, bil.$, AR
(L,L,L).
Percent change in business and consumer credit
outstanding, AR (L,L,L).
Funds raised by private nonfinancial borrowers in credit
markets, mil.$, AR (L,L,L).
Credit difficulties:
Current liabilities of business failures, mil.$, NSA
(L,L,L)|.
Percent of consumer installment loans delinquent 30 days
and over (L,L,L)Ot
Bank reserves:
Free reserves, mil.S, NSA (L,U,U) $
Member bank borrowings from the Federal Reserve,
mil.$, NSA (L,Lg,U).
Interest rates (percent, NSA):
Federal funds rate (L,Lg,Lg)
Discount rate on new issues of 91 -day Treasury bills
(C,Lg,Lg).
Yield on new issues of high-grade corporate bonds
(Lg,Lg,Lg).
Yield on long-term Treasury bonds (C,Lg,Lg)..
Yield on municipal bonds, 20-bond average (U,Lg,Lg)
Secondary market yields on FHA mortgages (Lg,Lg,Lg)
Average prime rate charged by banks (Lg,Lg,Lg)
Outstanding debt:
Consumer installment credit outstanding, mil.$
(Lg,Lg,Lg)v.
Commercial and industrial loans outstanding, mil.S,
(Lg,Lg,Lg).
Commercial and industrial loans outstanding, mil. 1982$
(Lg,Lg,Lg).
Ratio, consumer installment credit outstanding to personal
income, percent (Lg,Lg,Lg).

6636
i... 1-401

6709
1.398

1.394

1.396

6689
1.396

1.396

1.403

6717
1.401

' 1.405

1.405

6742
' 1.413

1.415

' 1.420

'6757
' 1.415

' 1.416

44.20

82.48
42.22

-7.86
26.22

3.97
53.16

-.28
45.23

-.98
32.66

48.34
14.46

56.26
.48

121.45
30.91

5.50
4.68

'-41.65
43.80

'4.61
1.39

'21.34
'56.74

'34.08
"25.04

"91.16

65

_2

-2

31

-28

17

48

66

537 171

535 228

r

-2

'-16

p 427 640

498 996

451 360

35,663.6 " 2,960 0 * 1,751.2 P 2 223 9 "20008 " 5 085.4

2.64

2.73

2.88

2.71

2.63

2.64

2.45

2.41

2.46

2.60

2.55

2.55

450

251

267

486

617

677

602

76

687

672

502

239

385

'67

1,141

675

693

555

349

265

440

1,448

2,124

1,628

1,335

881

757

927

"289
"624

9.22
8.12

8.99
7.91

9.02
7.72

8.84
7.63

8.55
7.65

8.45
7.64

8.23
7.64

8.24
7.76

8.28
7.87

8.26
7.78

8.18
7.78

8.29
7.74

8.15
7.66

8.13
7.44

8.20
7.38

9.55

9.09

9.29

9.04

9.20

9.23

9.56

9.68

9.79

10.02

9.97

9.69

9.72

10.01

10.17

8.59
7.23
10.24
10.87

8.26
7.06
9.95
10.50

8.31
7.26
9.94
10.50

8.15
7.22
9.73
10.50

8.03
7.14
9.69
10.50

8.02
6.98
9.72
10.50

8.39
7.10
10.01
10.11

8.66
7.22
10.22
10.00

8.74
7.29
10.30
10.00

8.92
7.39
10.75
10.00

8.90
7.35
10.23
10.00

8.62
7.24
10.18
10.00

8.64
7.19
10.11
10.00

8.97
7.32
10.28
10.00

9.11
7.43
10.24
10.00

717,829 717,869

724,601 '729,329 "731,416

716,624

703,518 705,703 710,133 713,903 716,624

720,445

720,835

436,323

448,583 447,928

448,259 448,236

448,154

452,182 456,870 466,991

467,449

388,688

400,521

398,512

397,393 397,725

396,596

393,544

409,684 ' 404,867 '406,622 '407,822 '402,558 "402,855

15.94

15.99

16.00

15.97

15.94

15.84

226.1
202.0

228.4
'203.1

15.99

399,362 408,924

724,485
r

463,978 '464,362 '466,140 '468,980 "476^77

15.74

15.68

15.66

15.68

15.61

'15.64

" 15.65

234.8
'200.0

233.7
' 202.2

231.8
'201.9

231.1
204.1

'232.8
'204.2

' 232.5
' 203.0

'234.9
' 203.8

1.9 Alternative Composite Indexes
990* CIBCR long-leading composite index, 1967=100 ' §
991 • CIBCR short-leading composite index, 1967=100 ' §

229.5
203.9

230.0
' 203.3

234.0
202.3

235.4
' 201.6

238.9
'200.5

"237.2
' 202.8

2. OTHER IMPORTANT ECONOMIC MEASURES
2.1 Savings
290
295
292
298*
293*

Gross saving bil $, AR
. .
.
Business saving, bil.$, AR
Personal saving, bil.$, AR...
Government surplus or deficit, bil.$, AR
Personal saving rate percent

.

.

.

691.5
607.5
171.8
-87.8
4.6

692.4
621.4
154.5
-83.6
4.1

674.8
612.3
174.1
-111.6
46

6648
603.7
191.3
-130.2
4.9

679.3
611.6
195.1
-127.3

" 159.4

129.5
4.8
131.3

131.0
4.7
132.5

"132.1
"3.4
" 133.8

p"40

5.0

2.2 Prices, Wages, and Productivity
310
311
*
320
*
323
•
336
*
337
*
334
*
333
*
332
*
331
•

Price Movements
Implicit price deflator for gross national product, 1982=100...
Percent change from previous quarter, AR
Fixed-weighted price index, gross domestic business
product, 1982=100.
Percent change from previous quarter AR
Consumer Price Indexes for all urban consumers:
All items, 1982-84=100, NSA
Percent change over 1-month span
Percent change over 6-month span, AR
All items less food and energy, 1982-84=100
Percent change over 1 -month span
Percent change over 6-month span, AR
Producer Price Indexes:
Finished goods, 1982=100
Percent change over 1-month span
Percent change over 6-month span, AR
Finished goods less foods and energy, 1982-100
Percent change over 1-month span
Percent change over 6-month span AR
.. .
Finished consumer goods 1982-100
Percent change over 1 -month span
Percent change over 6-month span, AR
Capital equipment 1982-100
Percent change over 1-month span
Percent change over 6-month span, AR
Intermediate materials, supplies, and components,
1982=100.
Percent change over 1-month span
Percent change over 6-month span, AR
Crude materials for further processing, 1982=100
Percent change over 1-month span
Percent change over 6-month span, AR

See footnotes on page C-6.




126.3
4.1
127.5

128.0
3.8
129.2

126.8
3.2
128.1

:ii:z:

4.5

3.0

124.0
.4
4.9
129.0
.4
4.5

124.6
0
3.3
129.7
.2
4.1

125.0
.2
3.6
130.1
.3
4.1

125.6
.5
5.2
130.7
.5
4.5

125.9
.3
6.2
131.2
.4
5.3

126.1
.4
6.7
131.6
.3
6.1

127.4
1.1
6.0
132.4
.6
5.6

128.0
.5
5.6
133.1
.5
5.4

128.7
.5
5.9
134.0
.7
5.7

128.9
.2
4.4
134.3
.2
5.7

129.2
.2
5.1
134.7
.3
5.6

129.9
.5
5.7
135.3
.4
4.8

130.4
.4

131.6
.8

132.7
.8

136.1
.6

136.8
.5

137.2
.3

113.6
.4
5.0
122.1
.4
4.1
112.1
.4
5.5
118.8
.3
3.7
112.0

113.3
-.3
1.6
122.7
.5
3.8
111.6
-.4
.7
119.3
.3
3.9
111.8

114.1
.7
2.6
123.2
.4
3.3
112.5
.8
2.3
120.1
.7
3.2
112.2

114.7
.5
7.3
123.5
.2
4.0
113.3
.7
8.9
120.0
-.1
3.4
112.4

114.8
.1
7.9
123.8
.2
3.6
113.3
0
9.5
120.4
.3
3.6
112.2

115.5
.6
6.0
124.3
.4
3.6
114.1
.7
7.1
120.7
.2
3.0
112.2

117.7
1.9
4.6
124.5
.2
3.3
117.0
2.5
5.0
120.9
.2
3.4
113.6

117.7
0
4.6
124.9
.3
'3.4
116.8
-.2
5.2
121.4
.4
'2.8
112.7

117.5
-.2
3.7
125.4
.4
3.7
116.4
-.3
3.9
121.9
.4
2.8
112.8

117.3
-.2
-.3
125.5
.1
3.2
116.1
-.3
-1.5
122.0
.1
3.2
112.9

117.4
.1
2.2
' 125.9
'.3
3.2
116.2
.1
2.1
' 122.1
'.1
3.0
'113.0

117.6
.2
5.9
126.6
.6
3.7
116.3
.1
6.5
122.4
'.2
3.8
112.6

117.5
-.1

119.0
1.3

120.9
1.6

126.5
-.1

126.9
.3

127.7
.6

116.1
-.2

118.0
1.6

120.1
1.8

122*8
.3

123.2
.3

124"2
.8

112.6

114.1

116.2

.2
2.2
103.1
.6
6.0

-.3
-.7
101.1
-2.3
-2.5

.4
-.2
102.3
1.2
2.7

.2
2.7
102.6
.3
6.9

-.2
1.6
103.2
.6
12.6

0
1.1
104.7
1.5
7.2

1.2
.9
107.0
2.2
1.0

-.8
'1.4
107.3
.3
'-.4

.1
.7
105.9
-1.3
-8.6

.1
-1.8
103.1
-2.6
-11.4

M
2.5
' 103.0
'-.1
5.3

'-.4
6.1
100.1
'-2.8
18.3

0

3.7

6.3

3.7

"40

100.7
.6

1.3

1.8

110.1
9.3

115.2
4.6

Series
no.

C-5

SURVEY OF CURRENT BUSINESS

October 1990
Year

1989

1990

Series title and timing classification

1989

Aug.

Oct.

Sept.

Nov.

Dec.

Jan.

| Feb.

Mar.

Apr. |

May June

July

| Aug.

Sept. *

2. OTHER IMPORTANT ECONOMIC MEASURES — Continued
2.2 Prices. Wages, and Productivity — Continued
Wages and Productivity
Index of average hourly compensation, all employees,
nonfarm business sector, 1982=100.
Percent change from previous quarter, AR
Index of real average hourly compensation, all employees,
nonfarm business sector, 1982=100.
Percent change from previous quarter, AR
Index of output per hour, all persons, business sector,

345
346
370
f
4

358

Percent change over 1 -Quarter span AR
. ......
Percent change over 4-quarter span AR
Index of output per hour all persons nonfarm business
sector, 1982=100.

131.8

132.1

133.0

134.1

3.0

1.7

2.7

3.2

5.6

102.6

102.3

102.0

100.8

101.3

-1.8
112.8

-11
1128

-1.3
112.3

-4.5
111.9

112.3

-.2
-8

-15
-12

-2.0

111 9

1120

1114

135.9

1.9

-1.5

1.7

110.8

in 2

-8

2.3 Labor Force and Employment
441
442

Civilian labor force, thous
Civilian employment, thous
Civilian labor force participation rates (percent):
Males 20 years and over
Females 20 years and over
Both sexes 16-19 years of age

451

452
453

'.

123,869
117,342

124,070
117,550

124,023
117,419

124,148
117,585

124,488
117,836

124,546
117,888

124,397
117,863

124,630
118,035

124,829
118,334

124,886
118,116

125,004
118,350

124,836
118,389

124,767
117,953

124,660
117,658

124,967
117,898

78.1

77.7
58 1
52.4

77.7
58 1
50.9

779

77.9

780

78.0

78.0

781

77.8

77.9

77.9

779

577

577

575

578

578

578

579

579

580

55.9

56.5

55.7

56.3

56.6

56.1

55.2

55.1

56.4

55.4

77.9
58.1
54.6

77.9

577

29,228 " 35,483
12,887
209,027 ' 214,526

11,056

13,392

15,840

13,865

9,142

581
52.9

579
53.1

2.4 Government Activities
Defense indicators:
Defense Department gross obligations incurred, mil.$
517
Defense Department prime contract awards, mil.$
525
543
Defense Department gross unpaid obligations outstanding,
mil.$ 0.
Manufacturers' new orders, defense products, mil.$
548
Index of industrial production, defense and space
557
equipment, 1987=100.
Employment, defense products industries, thous
570
Federal Government purchases of goods and services
564 *
national defense, bil.$, AR.

31,145

26,377

214,486 218,190

211,677

10,639
98.9

9,571
96.6

11,267
96.7

9,770
96.6

6,488
97.5

7,676
97.6

8,023
97.5

8,406
97.3

10,081
97.6

7,879
'97.6

'7,475
'97.9

' 8,372
97.4

1,251
3063

1,251

1,248

1,250
2992

1,251

1,251

1,251
3072

1,247

1,245

1,241
3096

1,236

' 1,228

" 1,217
"311 1

30,181
363,808
3,300
41,647
6,290
73,118
473,211
40,509
4,227
49,373
5,426
69,679
89,349
360,465
475,329 119,152
-114,864 -29 803

30,129
3,213
6,413
38,897
4,000
6,215

31,575
3,270
6,779
38,672
5,126
5,432
96,262
122,545
-26,283

33,264
3,500
6,883
41,636
5,158
6,489

32,058
3,282
6,661
39,364
3,988
5,433

32,773
3,354
6,964
40,543
4,095
5,804
" 96,741
"119,316
" -22,575

34,218 '32,120
3,182
3,709
7,104
7,072
39,560 '41,244
3,594
3,563
6,098
5,855

32,632
3,322
6,767
41,970
4,365
6,179

360,980

29,634

209,027

217,509

107,325
97.4

7,956
98.9

1,253
301 1

30,232

9,765 " 13,882
"7,814
"97.0

2.5 U.S. International Transactions
Exports, excluding military aid shipments, mil.$
,
Exports of domestic agricultural products, mil $
606 Exports of nonelectrical machinery, mil.$
612 General imports mil.$
614
Imports of petroleum and petroleum products, mil.$
616 Imports of automobiles and parts, mil. $
618 * Merchandise exports, adjusted, excluding military, mil.$ '
620 • Merchandise imports, adjusted excluding military, mil.$ '
.
622 Balance on merchandise trade mil $ '
602
604

31,436
3,261
6,412
41,589
4,141
5,894

30,618
3,388
6,230
40,530
4,154
5,705
91,738
120,484
-28,746

31,261
3,173
6,443
38,058
4,270
5,655

31,372
3,543
7,001
41,570
5,881
5,203

2.6 International Comparisons
47*
721*
728*
725*
726*
722*
727*
723*
320
738 •
*
735
•
736
•
732
•
737
733 •
•

Industrial Production Indexes (1987=100)
United States
OECD, European countries 2
Japan
>
Federal Republic of Germany
France
.
.
United Kingdom
Italy
Canada §
Consumer Price Indexes (1982-84=100)
United States NSA
Percent change over 6-month span AR
Japan NSA
Percent change over 6-month span AR
Federal Republic of Germany NSA
Percent change over 6-month span, AR
France NSA
Percent change over 6-month span, AR
United Kingdom NSA
Percent change over 6-month span AR
Italy NSA
Percent change over 6*month span, AR
Canada, NSA
Percent change over 6-month span, AR
Stock Price Indexes (1967=100, NSA)
United States

19*
748*
745* Federal Republic of Germany
746*
742* United Kingdom
747* Italy
743*
Exchange Rates
value of U.S. dollar, index: March 1973=100,
750* Exchange
NSA 3 .
Foreign currency per U.S. dollar (NSA):
Japan (yen)
758*
Federal Republic of Germany (d. mark)
755*
France (franc)
756*
United Kingdom (pound)
752*
Italy (lira)
757*
Canada (dollar) . .
.
753*

..
.

^^^^^..^—i~ii:::ii:i::i::ii.

See footnotes on page C-6.




'110.3

'110.4

' 123.2
"115

" 123.7

108.1
108
115.8
108
108
104
110.2
105.1

108.2
109
116.7
110
109
105
109.6
' 105.3

108.2
109
116.1
110
108
105
111.4
' 105.2

107.7
109
116.4
110
109
105
111.7
'104.0

108.1
'110
116.7
110
109
104
112.4
'104.5

108.6
110
116.9
111
108
105
115.5
'104.8

107.5
110
116.9
112
109
104
108.2
' 102.5

108.5
109
117.0
111
107
103
112.4
' 102.4

108.9
111
118.8
112
108
'105
111.3
' 102.6

108.8
109
117.9
110
109
107
110.4
' 102.3

109.4
110
121.0
113
109
106
'108.1
' 102.7

'110.1
"111
121.1
113
"109
108
"109.3
103.1

124.0
4.9
108.1
3.1
109.2
2.9
128.7
3.5
135.3
7.8
150.4
6.3
129.3
5.3

124.6
3.3
108.3
1.3
109.2
1.8
129.2
3.1
136.1
7.4
150.9
5.4
130.5
4.4

125.0
3.6
109.2
1.3
109.4
2.4
129.5
3.5
137.0
7.1
151.6
5.5
130.7
3.1

125.6
5.2
110.0
2.0
109.7
2.8
130.1
3.4
138.1
7.2
153.1
5.4
13 1.2
4.8

125.9
6.2
108.9
3.3
109.9
3.5
130.3
3.3
139.2
7.9
153.7
6.0
131.6
5.1

126.1
6.7
109.0
2.6
110.2
3.1
130.5
3.4
139.6
8.8
154.4
6.3
131.5
4.6

127.4
6.0
109.2
1.7
110.9
2.4
130.8
2.9
140.4
11.6
155.3
5.7
132.7
4.2

128.0
5.6
109.5
3.7
111.3
2.6
131.1
2.8
141.2
12.4
156.5
5.7
133.4
4.1

128.7
5.9
109.9
3.0
111.4
2.2
131.6
2.6
142.6
12.8
157.1
5.6
133.9
5.2

128.9
4.4
110.8
2.6
111.6
1.8
132.1
2.9
147.0
12.4
157.7
6.0
133.9
3.3

129.2
5.1
111.6
2.4
111.8
2.0
132.3
3.7
148.3
13.4
158.0

129.9
5.7
111.0

130.4

131.6

110.9

111.4

111.9
2.9
132.6

111.9

112.2

132.9

133.7

148.9
12.8
158.7

149.0

150.5

151.9

134.6
'3.2

135.1
3.6

135.8

' 135.9

136.3

351.2
2,326.1
310.5
866.0
1,062.9
451.1
429.5

377.0
2,382.7
328.6
904.1
1,151.1
506.4
453.1

377.8
2,378.2
338.2
934.0
1,156.5
510.8
445.5

377.9
2,416.1
327.0
902.3
1,064.4
464.5
442.8

370.1
2,468.4
318.1
855.5
1,055.4
450.2
445.5

379.2
2,589.4
343.1
909.7
1,114.4
453.8
448.6

369.8
2,498.2
370.8
900.4
1,123.4
466.0
418.6

359.5
2,427.8
384.6
856.2
1,086.7
440.1
416.6

368.2
2,175.1
396.3
872.4
1,060.8
439.9
411.2

367.9
1,959.4
399.5
938.4
1,031.9
455.3
377.5

381.0
2,142.6
389.5
949.5
1,048.2
468.9
404.7

392.0
2,065.0
385.3
932.2
1,118.0
485.6
400.4

98.52

100.44

1.01.87

98.92

97.99

94.88

93.00

92.25

94.11

93.51

92.04

92.43

"110.7

"104
103.8

" 102.7

132.7

112.6

159.3

359.8
391.6
343.1
2,119.1 ' 1,833.0 " 1,630.5
393.7 " 347.9 "310.2
796.5 "714.6
899.7
1,109.6
'457.4 '"397.6 " 366.3
378.1 "357.0
402.4
89.68

86.55

86.10

142.21
154.04
145.69
144.98
143.53
141.49
137.99
158.46
143.69
145.07
138.44
147.46
149.04
153.70
153.31
1.8662
1.6758
1.6914
1.8300
1.9502
1.6630
1.7378
1.9268
1.8792
1.5702
1.6832
1.6863
1.7053
1.5701
1.6375
6.3339 6.2225 5.9391
5.7568
6.5085 6.5855
5.6638 5.5989
5.6897
6.3753
5.2680
5.7555
5.6613 5.4924
5.2575
.6359
.6300
.5962
.6108
.5896
.6056
.6264
.6111
.5260
.6156
.6363
.6271
.5321
.5847
.5525
1,371.31 1,384.24 1,404.18 1,369.24 1,343.83 1,291.93 1,261.87 1,243.68 1,257.67 1,238.38 1,221.93 1,235.60 1,199.65 1,157.07 1,172.87
1.1697
1.1749
1.1841
1.1720
1.1828
1.1758
1.1448
1.1747
1.1641
1.1800
1.1965
1.1613
1.1570
1.1730
1.1583

C-6

SURVEY OF CURRENT BUSINESS

October 1990

FOOTNOTES FOR PAGES C-l THROUGH C-5
a
AR
c
©
e
*

Anticipated.
Annual rate.
Corrected.
Copyrighted.
Estimated.
Available data for later period(s) listed in notes.

NSA
p
r
•
§
o

Not seasonally adjusted.
Preliminary.
Revised.
Graph included for this series.
Major revision-see notes.
End of period.

L,C,Lg,U Cyclical indicator series are classified as L (leading), C (coincident), Lg (lagging), or U (unclassified) at reference cycle peaks, troughs, and overall.
Series classifications are shown in parentheses following the series titles.
$ Cyclical indicator series denoted by $ are inverted (i.e., the sign is reversed) for cyclical analysis calculations, including classifications, contributions to
composite indexes, and current high values,
t Cyclical indicator series denoted by t are smoothed by an autoregressive-moving-average filter developed by Statistics Canada.
For information on composite indexes and other concepts used in this section, see "Composite Indexes of Leading, Coincident, and Lagging Indicators" in
the November 1987 issue of the SURVEY OF CURRENT BUSINESS (pages 24-27) and "Business Cycle Indicators: Revised Composite Indexes" in the January 1989
issue of the SURVEY (pages 23-28).
References to series in this section use the prefix "BCI-" followed by the series number. Unless otherwise noted, series are seasonally adjusted.
Percent change data are centered within the spans: 1-month changes are placed in the ending month, 3-month changes are placed in the 3d month, 6-month
changes are placed in the 4th month, 1-quarter changes are placed in the ending quarter, and 4-quarter changes are placed in the 3d quarter.
Diffusion indexes are defined as the percent of components rising plus one-half of the percent of components unchanged.
High values reached by cyclical indicators since the last reference cycle trough (November 1982) are shown in boldface type; high values reached prior to
the period shown in the table are listed in the notes. For inverted series, low values are indicated as highs.
Sources for series in this section are shown on pages C-47 and C-48.

Page C-l
NOTE 1.—The following series reached its current high value before August 1989: BCI-940
(116.1) in January 1984.
NOTE 2.—Major data revisions:
The composite indexes (BCI-910, -920, -930, and -940), their percent changes, and the
contributions of their components have been revised from January 1985 through August 1990
to incorporate revised data for component series. These revisions do not involve changes in the
components of the indexes or changes in the standardization or trend factors. In addition, the
diffusion indexes based on the composite index components (BCI-950, -951, and -952) have
been recomputed from 1985 forward. Historical data for these composite and diffusion indexes
and their components are shown on pages C-25 through C-44. Further information concerning
these revisions may be obtained from the U.S. Department of Commerce, Bureau of Economic
Analysis, Business Outlook Division, Washington, DC 20230.
1. Excludes BCI-57, for which data are not available.
2. Excludes BCI-77 and BCI-95, for which data are not available.

Page C-2
NOTE.—The following series reached current high values before August 1989: BCI-1 (41.2)
in November 1988; BCI-21 (4.0) and BCI-122 (120.7) in February 1989; BCI-5 (290) and BCI53 (568.0) in October 1988; BCI-46 (162) in November 1987; BCI-60 (0.736), BCI-7 (113.53),
and BCI-8 (92.64) in December 1988; BCI-40 (25,399) and BCI-82 (85.1) in January 1989;
BCI-37 (6,198), BCI-43 (5.0), and BCI-12 (128.0) in March 1989; BCI-45 (2.0) in May 1989;
BCI-91 (11.2) and BCI-44 (1.0) in June 1989; BCI-49 (1,838.5) and BCI-97 (117.90) in 2d Q
1989; BCI-124 (85.0) in April 1989; BCI-92 change (8.31), BCI-92 smoothed (4.40), BCI-58
(101.0), and BCI-83 (97.7) in March 1984; BCI-32 (67.5) in November 1983; BCI-123 (124.3) in
May 1983; BCI-13 (65,318) in December 1986; BCI-9 (93.19) in September 1985; and BCI-11
(50.01) in 1st Q 1989.
1. Data exclude Puerto Rico, which is included in figures published by the source agency.
2. Copyrighted. This series may not be reproduced without written permission from the
University of Michigan, Survey Research Center, P.O. Box 1248, Ann Arbor, MI 48106-1248.
3. Copyrighted. This series may not be reproduced without written permission from McGrawHill Information Systems Company, F.W. Dodge Division, 1221 Avenue of the Americas, New
York, NY 10020.

Page C-3
NOTE.—The following series reached current high values before August 1989: BCI-87 (151.4)
in 2d Q 1985; BCI-28 (2,260) and BCI-29 (158.5) in February 1984; BCI-89 (200.3) in 4th Q
1986; BCI-30 (83.4) and BCI-22 (6.9) in 1st Q 1984; BCI-31 (93.7) in October 1987; BCI-77
(1.58), BCI-62 index (104.4), and BCI-62 change (29.1) in March 1986; BCI-99 index (135.64)
in March 1989; BCI-99 change (3.21) in August 1983; BCI-99 smoothed (2.09) in November 1983; BCI-23 (335.0) in April 1989; BCI-16 (189.1) and BCI-18 (163.8) in 4th Q 1988;




BCI-81 (8.6) in 3d Q 1985; BCI-35 (433.1) in 3d Q 1988; BCI-62 smoothed (6.3) in January
1985; BCI-85 (2.66) in December 1986; BCI-102 (2.67) in January 1983; BCI-105 (637.4) in
July 1988; and BCI-106 (2,472.5) in June 1988.
* Preliminary October values: BCI-23 = 314.5, BCI-19 = 305.79, BCI-85 = 0.37; anticipated
4th quarter values: BCI-61 = 538.61, BCI-100 = 530.65.
1. Copyrighted. This series may not be reproduced without written permission from
Commodity Research Bureau, Inc., 75 Wall Street, 22d Floor, New York, NY 10005.

Page C-4
NOTE 1.—The following series reached current high values before August 1989: BCI-107
(7.034) in 4th Q 1984; BCI-113 (132.08) in September 1985; BCI-111 (23.2), BCI-116 (14.49),
BCI-115 (13.00), and BCI-117 (10.67) in June 1984; BCI-110 (869,764) in 4th Q 1985; BCI-14
(829.2) in July 1983; BCI-39 (1.78) in February 1984; BCI-93 (-2,380), BCI-94 (8,017), BCI119 (11.64), BCI-114 (10.49), and BCI-109 (13.00) in August 1984; BCI-118 (15.01) in May
1984; and BCI-95 (16.02) in January 1989.
NOTE 2.—Major data revision: CIBCR long-leading and short-leading composite indexes
(BCI-990 and BCI-991) have been revised by the source agency from 1948 forward to incorporate revised data for component series. Further information concerning these revisions may be
obtained from the source. (See footnote 1 for address.)
* Preliminary October values: BCI-119 = 8.10, BCI-114 = 7.19, BCI-116 = 10.08, BCI-115
= 8.94, BCI-117 = 7.49, and BCI-109 = 10.00.
1. These indexes are compiled by the Center for International Business Cycle Research
(CIBCR), Graduate School of Business, Columbia University, New York, NY 10027.

Page C-5
NOTE.—Major data revision: The index of industrial production for Canada (BCI-723) has
been revised by the source agency from 1961 forward. This revision reflects the reweighting
of the basic data to a 1986 base year and the application of new seasonal adjustment factors.
Further information concerning this revision may be obtained from Statistics Canada, Industry
Product Division, Ottawa K1A OV5, Canada.
* Preliminary October values: BCI-19 = 332.6, BCI-748 = 1,612.2, BCI-745 = 299.3, BCI746 = 701.1, BCI-747 = 352.2, BCI-743 = 340.9, BCI-750 = 83.47, BCI-758 = 129.66, BCI-755
= 1.5249, BCI-756 = 5.1068, BCI-752 = 0.5141, BCI-757 = 1,142.38, and BCI-753 = 1.1590.
1. Balance of payments basis: Excludes transfers under military grants and Department of
Defense sales contracts (exports) and Department of Defense purchases (imports).
2. Organisation for Economic Co-operation and Development.
3. This index is the weighted-average exchange value of the U.S. dollar against the currencies
of the other G-10 countries plus Switzerland. Weights are the 1972-76 global trade of each of
the 10 countries. For a description of this index, see the August 1978 Federal Reserve Bulletin
(p. 700).

C-7

SURVEY OF CURRENT BUSINESS

October 1990

Composite Indexes
July May
P T

Aug.Apr.
P T

Apr. Feb.
P T

Dec. Nov.
P T

Nov Mar.
P
T

Jan. July July
F T P

Nov
T

Index: 1982=100

910. Composite index of 11 leading indicators
(series 1,5,8,19,20,29,32,83,92,99,106}

920. Composite index of 4 coincident indicators
(series 41,47, St. 57T
8

930. Composite index of 7 lagging indicators
(series 62,77,91,95,1M, 109,120)
jtS3

+1

940. Ratio, coincident index to lagging index

195354 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 891990
NOTE.—The numbers and arrows indicate length of leads (-) and lags (+) in months from business cycle turning dates.
Current data for these series are shown on page C-1.




C-8

SURVEY OF CURRENT BUSINESS

October 1990

INDICATORS
Composite Indexes: Rates of Change
July May
P T

Aug. Apr.
P T

Dec. Nov.
P T

Apr. Feb.
P T

Nov. Mar.
P
T

Jan. July July Nov.
P T
P
T

Percent change at annual rate
91 Oc. Composite index of 11 leading indicators

1-month span •
3-month span •

920c. Composite index of 4 coincident indicators

930c. Composite index of 7 lagging indicators

Composite Indexes: Diffusion
Percent of components rising

950. Diffusion index of 11 leading indicator components

1-month span6-month span •

951. Diffusion index of 4 coincident indicator components

952. Diffusion index of 7 lagging indicator components

195354 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 891990
NOTE—Current data for these series are shown on page C-1.




SURVEY OF CURRENT BUSINESS

October 1990

Composite Indexes: Leading Index Components
July May
P T

Aug. Apr.
P T

Apr. Feb.
P T

Dec. Nov.
P T

Npv. Mar.
P
T

Jan. July July Nov.
P T
P
T

1. Average weekly hours o( product ion or npnsupervisory workers,
manufadtffing (hours) luTI

5. Average weekly initial claims for unemployment insurance, State
programs (thousands—Inverted scale)

8. Manufacturers' new orders in 1982 dollars, consumer goods and
materials industries (bil. dol.) fpT]

32. Vendor performance—slower deliveries diffusion index (percent) [1,1,11

20. Contracts and orders for plant and equipment in 1982 dollars

195354 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 891990
NOTE.—Current data for these series aie shown on page C-2.




C-9

C-10

SURVEY OF CURRENT BUSINESS

October 1990

Composite Indexes: Leading Index Components-Continued
July May
P T

Aug. Apr.
P T

Apr. Feb:
P T

Dec. Nov.
P T

Nov. Mar.
P
T

Ian. July July Nov.
F T P
T

29. New private housing units authorized by
local building permits (index: 1967=100)

92. Change in manufacturers' unfilled orders in 1982 dollars, durable
goods industries, smoothed1 (bil. dot.)

S3

99. Change in sensitive materials prices, smoothed1 (percent)

19. Stock prices, 500 common stocks (Index: 1941-43=10)

106. Money supply M2 in 1982 dollars (bil. dot.)

83. Consumer expectations, U. of Michigan2 (index: 1966:1=100)

195354 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 891990
1. This series is smoothed by an autoregressfve-moving-average filter developed by Statistics Canada.
2. This is a copyrighted series used by permission; it may not be reproduced without written permission from the University
of Michigan, Survey Research Center.
NOTE.—Current data for these series are shown on pages C-2 and C-3.




October 1990

C-ll

SURVEY OF CURRENT BUSINESS

Composite Indexes: Coincident Index Components
July May
P T

Aug. Apr.
P T

Apr. Feb.
P T

Dec. Nov.
P
T

Nov. Mar.
P
T

Jan. July July Nov.
F T P
T

41. Employees on nonagricultural payrolls {millions)
cZc

51. Personal income less transfer payments in 1982 dollars
(ann. rate, bB, dol.) |c,C,C

47. Industrial production (index: 1987=100)

57. Manufacturing and tide sales in 1982 dollars (bll. dol.)

J*

195354 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 891990
NOTE.—Current data for these series are shown on page C-2.




C-12

SURVEY OF CURRENT BUSINESS

October 1990

Composite Indexes: Lagging Index Components
July May
P T

^ug. Apr.
F T

Apr. Feb.
P T

Dec. Nov.
P T

Nov. Mar.
P
T

Jan. July July Nov.
P T
P
T

91. Average duration of unemployment (weeks—inverted scale) |Lg,lgt

77. Ratio, manufacturing and trade inventories to sales in 1982 dollars
(ratio) |Lg,Lg,Lg|

62. Change in index of labor cost
per unit of output,
manufacturing, smoothed1 (ann. rate, percent)
" " " ~ ~
~

109. Average prime rate charged by banks (percent)

101. Commercial and industrial loans outstanding in 1982 dollars
-

Ratio, consumer installment credit outstanding to
personal income (percent) |Lg,Lg,Lg|

120. Change in Consumer Price Index for services, smoothed'
(ann. rate, percent) |ig,ig,L

195354 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 891990
1. This series is smoothed by an autoregressive-moving-average filter developed by Statistics Canada.
NOTE.—Current data for these series are shown on pages C-2, C-3, and C-4.




C-13

SURVEY OF CURRENT BUSINESS

October 1990

Employment and Unemployment
Dec. Nov.
P
T

21. Average weekly overtime hours of production or nonsupervisory
workers, manufeetarfng (hours)

46. Help-wanted advertising in newspapers (index: 1967=100)

48. Employee hours in nonagricultural establishments
(arm, rate, bil. hours) [ u^c

40. Employees on nonagricultural payrolls, goods-producing

f

population of working age (percent) -

-j ^ ^\.yv
j

J

*5A

i

v

^

/s/^r/^^

;

A/ Vy

~j*~^fr' ~

•—

p^s

^* \J

S

43. Civilian unemployment rate (percent—inverted scale)

1964 65

66

67

68

69

70

71

MOTE.—Current data lot these senes are stow on page C-2.




72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90 1991

C-14

SURVEY OF CURRENT BUSINESS

October 1990

CYCLICAL INDICATORS
Production and Income
Dec.
P

Nov.
T

Nov.
P

Jan. July
F T

Mar.
T

July
P

Nov.
T

50. Gross nations* product in 1982 dollars, Q (ann. rate, bii. dol.)
!

53. Wages and salaries in 1982 dollars, mining, manufacturing, and
(ann. rate, bil. dol.) |c,C,

73. Industrial production, durable manufactures (index: 1987=100)

Capacity utilization rate, manufacturing (percent) | L,C,U

1964

65

66

67

68

69

70

71

NOTE.—Current data for these series are shown on page C-2.




72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90 1991

*-

SURVEY OF CURRENT BUSINESS

October 1990

C-15

CYCLICAL INDICATORS
Consumption, Trade, Orders, and Deliveries
Nov.
P

Dec. Nov.
P
T

Jan. July
F T

July
P

Nov.
T

7. Manufacturers' new orders* 1
durable goods industries (bw dol.

75. Industrial production, consumer goods

59. Sates of retail stores in 1982 dolla

123. Consumer expectations, The Conference Board (Index: 1985=100)

1964 65

66

67

68

69

70

71

NOTE.—Current data for these series are shown on page C-2.




72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90 1991

C-16

SURVEY OF CURRENT BUSINESS

October 1990

Fixed Capital Investment
Jan. July
P T

Dec. Nov.
P
T

July
P

Nov.
T

12. Net business formation (index: 1967=100)
.

_^_^

, , _

13, Number of new business incorporations (thousands)

nui

27. Manufacturers' new orders in 1982 dollars,
nondefense capital goods industries (bil. dol.)

9. Construction
contracts awarded for commercial and industrial
buildings1 (mil. sq. ft. of floor space; 5-term moving avg.)

1964

65

66

67

68

69

70

71

72

73

74

75

76

77

78

1. This is a copyrighted series used by permission; it may not be reproduced without written permission from McGraw-Hill
Information Systems Company, F.W. Dodge Division.
NOTE.—Current data for these series are shown on page C-2.




79

80

81

82

83

84

85

86

87

88

89

90 1991

SURVEY OF CURRENT BUSINESS

October 1990

C-17

CYCLICAL INDICATORS
Fixed Capital Investment-Continued
Dec.

Nov.

P

T

Nov
P

Jan. July
P T

Mar
T

July
P

Nov.
T

100. New plant and equipment expenditures by business in
1982 dollars, Q (arm. rate, bil, dot.)

500 -j

69. Manufacturers' machinery and equipment sales and
business construction expenditures (ann. rate, bil. dol.)
300

140-

76. Industrial production, business equipment (index: 1987=100)
C,lg,Ul
' ——
8SM

Gross private nonresidential fixed investment in 1982 dollars—
(ann. rate, bit. dol.)

88. Producers' durable equipment, Q fC,Lg,G

1964

65

66

67

68

69

70

71

NOTE.—Current data for these series are shown on page C-3.




72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90 1991

C-18

SURVEY OF CURRENT BUSINESS

October 1990

CYCLICAL INDICATORS
Fixed Capital Investment-Continued
Dec.
P

Nov.
T

Nov.
P

Jan. July
P T

Mar.
T

July
P

Nov.
T

28. New private housing un

Inventories and Inventory Investment
30. Change in business Inventories in 1982
(arm, rate, oil. dol.) [i

31. Change in manufacturing and trade inv
, (ann. rate, bil. dol.; 6-term moving avg.) |I,L,L

1964 65

66

67

68

69

70

71

NOTE.—Current data for these series are shown on page C-3.




72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90 1991

C-19

SURVEY OF CURRENT BUSINESS

October 1990

CYCLICAL INDICATORS
Prices, Costs, and Profits
Nov.
P

Dec. Nov.
P
T

Mat.
T

Jan. July
F T

July
P

Nov.
T

materials index: 1967=100)

23. Spot market prices, raw

on

18. Corporate profits after tax in

16. Corporate profits after tax in current dollars, Q (arm, rate, bil. dot.)

22. Ratio, corporate domestic
income, Q (percent)

81. Ratio, corporate domestic profits after tax with IVA and CCAdj to
corporate domestic $js|me, Q (percent}"**"

ED

.£:

=x^£±

/

26. Ratio, implicit price deflator to unit labor cost, nonfarm business
YQ (index: l982s1W) [uJ]
1964 65

66

67

68

69

70

71

72

73

74

75

76

77

78

IVA Inventory valuation adjustment.
CCAdj Capital consumption adjustment.
1. From June 1981 forward, this is a copyrighted series used by permission; it may not be reproduced without written
permission from Commodity Research Bureau, Inc.
NOTE.—Current data for these series are shown on page C-3.




79

80

81

^
82

83

84

85

86

87

88

89

90 1991

C-20

SURVEY OF CURRENT BUSINESS

October 1990

Money and Credit
Dec. Nov.
P
T

85. Change in money supply M1 (percent; 6-term moving avg.)

023

4—^—L

—4L44-4~
102. Change in money supply M2 (percent; 6-term moving avg.) !>

,t\ "~ ~~^r^A^^~ _^T\^^%~~ , >h ^ IA. ^~j^^/n\~rr~'^T~ <?*_.•

-(

^^-^v^^^y^^^^fT^^^
112. Net change in business loans
(ann. rate, bit. do).; 6-term moving avg.)

113. Net change in consumer installment credit
(ann. rate, bil. dol.; 6-term moving avg.)

110. Funds raised by private nonfinancial borrowers
in credit markets, Q (ann. rate, bil. dol.)

1964

65

66

67

68

69

70

71

72

NOTE.—Current data for these series are shown on pages C-3 and C-4.




73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90 1991

SURVEY OF CURRENT BUSINESS

October 1990

C-21

Money and Credit-Continued

It,

U
I f J. -I

!

119. Federal funds rate (percent)

14 -j
13-

\

11109-

114. Discount rate on new issues
of 91-day Treasury bills (percent) c.Lg.l

116. Yield on new issues of high-grade corporate bonds (percent)
1 ' ™f

115. Yield on long-term Treasury bonds (percent)

Alternative Composite Indexes

990. CIBCR long-leading composite index (1967=100)

991. CIBCR short-leading composite index (1967=100)

1964 65

66

67

68

69

70

71

72

73

CIBCR Center for International Business Cycle Research (Columbia University).
NOTE—Current data for these series are shown on page C-4.




74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90 1991

'^"'

C-22

October 1990

SURVEY OF CURRENT BUSINESS

oiiSi lPom*Nf
Other Measures

Price Movements
Jan. July
P T

July
P

Nov.
T

Percent change at annual rate
311c. Fixefrwelghtetfirlce Index,
gro$s domestic business product (1-Q span)

293. Personal saving rate, Q (percent)

Consumer Price Indexes for all urban consumers—
298. Government surplus or deficit. Q
(ann. rate, bil. dol.)

j
!

323c. All Items less food and energy
Producer Price Indexes—
336c. Finished goods
" "~
370c. Change In output per hour, all persons,
business sector (ann. rate, percent)
337c. Finished goods less foods and energy

1-quarter span

3Sfe,
Finished consumer
goods
""""
_______

__—__.

1

564. Federal Government purchases of goods
and services, national defense, Q
(ann. rate, bil. dol.)

332c. Intermediate materials, supplies, and components
620. Merchandise Imports, adjusted, excluding
military, Q (ann. rate, bil. dol.)
331c. Crude materials for further processing

618. Merchandise exports, adjusted,
excluding military, Q (ann. rate, bil. dol.)
1978 79

80

81

82

83

84

85

86

NOTE.—Current data lor these series are shown on pages C-4 and C-5.




87

88

89 1990

1978

79

80

81

82

83

84

85

86

87

88

89 1990

C-23

SURVEY OF CURRENT BUSINESS

October 1990

IMPORTANT ECONOMIC MEASURES
International Comparisons: Industrial Production
. Jan. July
F T

July
P

International Comparisons: Consumer Prices

Nov.
T

P

T

Percent change over 6-month span, annual rate
nrirofi—
Consumer\r prices—

Industrial

320c. United States

735c. Federal Republic of Germany
^-|M|

'

' t

_ , f-^fji
725. Federal Republic of Germany

20-i

/u^sk^VJyA&s&K
,. iiiP?\Jiff Ml—
fMf*
—jU.—,

I '\

y*i

1978 79

80

81

82

83

84

85

NOTE.—Current data for these series are shown on page C-5.




86

87

88

89 1990

1978

: 732c.Unfted Kingdom

XTW hi.

79

80

81

82

83

84

85

86

87

88

89 1990

C-24

SURVEY OF CURRENT BUSINESS

October 1990

OTHER
International Comparisons: Stock Prices
Jan. July
P T

July
P

International Comparisons: Exchange Rates

Nov.
T

750. Weighted-average exchange value of the U.S. dollar
(index:

Stock prices—

Foreign currency per U.S. dollar—

755. Federal Republic of
Germany (d. mark)
745. Federal Republic of Germany

756. France (franc)

752 United

-

Kingdom (pound)

757. Italy (lira)

753. Canada (dollar)

1978

79

80

81

82

83

84

85

NOTE.—Current data for these series are shown on page C-5.




86

87

88

89 1990

1978

79

80

81

82

83

84

85

86

87

88

89 1990

C-25

SURVEY OF CURRENT BUSINESS

October 1990

Historical Data for Selected Series

Jan.

YEAR

Feb.

Mar.

Apr.

1948
1949
1950
1951
1952.
1953
1954
1955
1956
1957
1958.
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978 .
1979
1980
1981
1982
1983
1984
1985.
1986
1987
1988
1989

37.9
35.7
39.8
46.9
41.4
44.8
41.4
48.2
51.1
50.0
46.5
53.8
55.0
54.2
59.9
62.2
66.1
71.7
75.8
73.3
78.0
83.1
79.0
79.8
88.1
97.3
95.5
78.0
93.0
98.5
101.9
105.3
101.2
102.8
97.2
106.8
123.1
121.4
128.0
136.6
139.1
145.9

37.5
35.5
40.3
46.2
41.7
44.9
41.8
49.1
50.7
49.8
46.1
54.5
54.3
54.6
60.6
62.8
66.6
71.7
76.0
72.9
78.7
82.9
77.9
80.8
89.0
97.8
94.4
78.0
94.0
99.3
102.9
105.5
101.5
101.5
98.9
109.1
123.4
121.7
128.9
137.5
140.9
145.6

37.8
35.3
40.7
45.9
41.8
44.8
42.0
49.7
50.9
49.5
46.5
55.3
53.4
55.4
60.6
63.3
67.0
72.1
76.9
72.6
79.2
82.7
77.2
81.8
89.9
97.8
94.9
78.7
94.4
99.7
103.0
106.1
98.0
102.0
98.3
111.4
123.3
122.2
129.9
138.0
141.4
144.8

38.2
34.8
41.3
44.7
41.8
44.7
42.4
49.9
51.0
49.1
46.7
55.3
53.4
56.1
60.3
63.8
67.5
72.0
76.7
72.9
78.5
83.1
76.3
82.8
90.3
97.6
93.1
81.2
94.4
100.3
104.1
104.5
95.3
103.5
99.1
113.5
123.3
121.8
131.2
138.5
141.8
145.7

1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959

38.4
37.8
36.4
43.9
44.3
48.6
45.9
47.2
52.0
52.9
48.9
51.1
54.7
51.0
54.7
56.6
59.7
64.7
70.9
75.0
77.5
82.0
83.5
81.5
85.4
94.4
96.3
87.2
89.8
95.3
101.1
110.5
111.0
108.5
102.1
97.9
109.1
114.9
118.1
119.9
126.8
133.3

38.1
37.4
36.3
43.8
45.0
49.0
45.9
47.5
52=0
53.4
47.9
51.6
54.5
50.8
55.3
57.1
60.3
65.1
71.3
74.7
78.1
82.4
83.3
81.3
85.7
95.2
95.6
85.9
90.8
95.7
102.1
110.9
110.5
108.2
103.0
97.6
110.2
115.5
118.0
121.7
127.7
133.3

38.3
37.0
37.3
44.1
44.9
49.5
45.3
48.4
52.0
53.2
47.3
52.3
54.2
51.1
55.7
57.3
60.4
65.9
72.2
74.7
78.4
83.1
83.3
81.5
86.6
95.1
95.2
84.4
91.0
96.6
103.5
112.0
109.5
108.0
102.6
98.4
110.7
116.0
118.0
121.9
128.7
133.4

38.1
36.7
38.2
44.2
44.8
49.5
45.1
49.0
52.4
52.6
46.6
53.2
54.2
51.4
56.0
57,7
61.1
66.2
72.3
74.8
78.7
83.2
83.0
81.8
87.5
95.0
94.7
84.8
91.7
97.2
106.0
110.2
107.4
107.8
102.0
99.1
111.0
116.4
119.4
122.2
128.8
134.1

I960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974

....

1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989




May

June

July

910. Composite index of 11 leading
37.7
38.3
34.9
34.8
42.4
42.7
44.2
42.9
41.9
42.8
44.4
43.8
43.0
43.6
50.2
50.3
50.2
49.9
49.1
49.0
47.6
48.5
55.4
55.4
53.5
53.5
56.8
57.4
59.7
59.1
64.3
64.2
68.0
68.2
72.6
72.5
75.9
75.4
73.6
74.5
79.0
79.2
82.9
82.3
76.7
76.9
83.2
83.3
90.8
91.4
97.6
97.5
92.7
91.1
83.1
84.3
95.3
96.1
100.8
101.3
104.3
104.5
105.1
104.6
93.6
94.9
103.7
102.7
99.4
98.8
115.3
116.9
123.0
121.8
122.7
123.8
131.3
132.1
139.2
140.6
141.8
144.0
144.4
144.2
920. Composite index
38.5
36.1
39.2
44.3
44.9
49.5
44.8
49.6
52.1
52.4
46.7
53.7
53.9
52.0
56.0
58.0
61.5
66.6
72.7
74.8
79.2
83.4
82.7
82.2
87.8
95.4
95.2
84.8
92.0
97.8
106.4
111.4
105.2
107.4
101.7
100.2
111.4
116.4
118.7
122.5
129.2
133.4

Aug.

Sept.

Oct.

Nov.

Dec.

Annual

indicators (1982=100)
38.1
37.7
35.5
36.3
44.4
46.1
42.0
41.2
42.8
43.5
43.7
42.7
44.1
44.3
50.8
50.6
50.3
50.4
48.7
48.6
49.7
50.6
55.2
54.7
53.7
53.9
57.5
58.4
59.5
59.6
64.1
64.3
69.0
69.5
72.8
72.7
75.1
74.4
75.4
76.5
79.6
79.2
81.8
81.7
76.6
76.6
83.3
83.4
92.5
93.6
97.4
96.6
90.0
87.7
85.7
86.9
97.3
97.4
101.1
101.5
104.6
105.0
103.1
102.7
96.9
98.9
102.0
102.1
99.4
98.8
118.2
118.4
121.3
120.9
124.1
125.1
132.6
132.7
141.9
143.1
142.9
144.0
144.1
144.9

37.1
37.4
45.6
41.3
44.9
41.8
44.9
51.0
50.2
47.9
51.5
54.8
54.0
58.0
60.0
64.8
70.1
73.3
74.0
76.7
80.2
81.9
76.7
83.9
94.5
97.0
85.3
88.2
97.7
101.9
106.1
103.0
101.1
100.0
100.6
119.6
120.6
125.8
132.8
143.2
143.6
144.9

37.2
37.6
45.6
41.3
44.3
41.7
45.8
50.9
50.4
47.5
52.1
54.5
53.8
58.8
60.2
65.1
70.3
74.1
73.3
76.9
81.4
81.1
76.5
84.6
95.0
96.9
83.4
89.2
97.5
101.8
107.1
101.6
102.5
98.5
101.8
121.1
119.4
126.0
134.1
142.2
143.9
144.4

36.9
38.3
45.4
41.0
44.3
41.3
46.7
51.2
50.6
47.0
53.0
54.0
53.7
59.4
61.2
65.4
70.8
74.9
73.1
77;2
81.9
80.5
76.9
85.4
95.9
97.2
81.1
90.1
98.0
102.3
106.3
100.8
104.1
97.8
103.0
121.9
120.1
126.2
135.2
140.2
144.1
144.6

36.3
38.9
45.8
41.2
44.5
41,4
47.4
51.3
50.4
46.6
52.9
55.2
53.7
59.9
61.7
65.6
71.2
75.6
72.8
78.1
82.3
80.2
78.7
87.0
96.8
95.8
79.1
90.6
98.8
103.1
105.4
100.6
102.8
97.8
104.7
122.1
120.3
127.6
137.1
139.5
145.0
145.3

37.6
36.2
43.3
43.2
43.0
43.3
44.0
50.3
50.5
48.6
49.3
54.8
53.8
57.2
60.2
64.2
68.7
73.0
75.0
75.0
79.8
82.0
77.2
83.3
92.3
97.2
89.0
84.5
96.2
101.0
104.6
103.6
99.2
101.2
100.0
116.2
121.7
124.0
132.2
140.0
142.7
144.9

of 4 coincident indicators (1982=100)
39.2
39.3
39.4
36.0
35.3
35.8
40.0
41.7
42.9
44.3
43.7
44.0
44.6
43.8
45.8
49.3
49.5
48.8
45.0
44.8
44.8
49.8
50.4
50.3
52.1
50.3
51.9
52.5
52.5
52.5
47.3
48.0
48.5
53.9
53.5
51.8
53.6
53.3
53.0
52.7
52.8
53.3
56.0
56.3
56.5
58.1
58.4
58.4
61.6
62.2
62.6
67.1
67.9
68.0
73.5
73.6
73.8
75.0
75.2
75.8
79.8
80.2
80.2
83.8
84.4
84.6
82.4
82.5
82.1
82.4
82.1
81.8
87.6
88.2
89.4
95.8
96.2
96.1
95.2
95.2
94.5
85.1
85.5
86.7
92.2
92.6
92.7
98.6
99.3
99.6
107.2
107.4
108.0
111.1
111.0
110.8
104.3
104.1
104.9
107.9
108.4
108.3
100.5
99.6
98.9
101.4
102.3
102.1
112.5
113.0
113.1
116.0
115.7
116.4
118.4
118.4
118.7
122.8
123.8
124.2
130.0
130.7
130.8
133.4
133.0
134.0

39.3
36.4
42.4
43.9
47.0
48.4
45.0
50.8
52.4
51.9
48.9
51.7
52.7
53.4
56.4
58.8
63.0
68.3
73.9
75.8
80.5
84.8
81.9
82.6
90.2
96.4
94.1
87.2
93.0
100.4
108.5
110.4
105.6
107.5
98.2
104.1
113.5
116.7
119.7
124.4
130.7
133.7

39.4
34.7
42.6
44.1
47.7
48.2
45.3
51.2
52.9
51.3
49.3
51.4
52.6
54.1
56.6
59.2
62.4
69.1
74.4
75.6
81.0
85.1
80.1
82.7
91.6
97.5
93.7
87.7
92.7
100.9
109.5
110.7
107.1
106.3
97.3
105.4
113.4
116.6
119.4
126.3
132.1
133.1

39.0
35.4
42.5
44.2
47.9
47.2
46.2
51.6
52.7
50.6
50.5
52.1
51.8
54.8
56.9
59.0
63.5
69.8
74.3
76.9
81.7
84.4
79.4
83.4
93.0
98.3
91.5
87.7
94.1
101.3
110.1
110.6
108.1
105.1
97.2
106.2
114.2
117.0
119.8
125.7
131.7
133.4

38.6
35.7
43.5
44.3
48.4
46.3
46.6
51.9
53.2
49.6
50.2
53.9
51.2
55.1
56.6
59.6
64.6
70.5
74.5
77.9
81.9
84.4
80.9
84.2
94.1
97.2
88.6
88.3
95.2
101.8
110.9
110.4
108.5
103.8
97.0
107.6
114.9
118.0
121.1
127.3
132.5
133.8

38.8
36.2
40.2
44.1
45.8
48.6
45.4
49.8
52.2
52.1
48.3
52.5
53.3
52.7
56.1
58.2
61.9
67.4
73.1
75.5
79.8
83.8
82.1
82.3
88.9
96.0
94.2
86.3
92.3
98.7
106.7
110.8
107.2
107.3
100.0
101.9
112.2
116.3
119.0
123.6
130.0
133.5

C-26

SURVEY OF CURRENT BUSINESS

October 1990

Historical Data for Selected Series—Continued
YEAR

Mar.

Feb.

Jan.

May

Apr.

June

Aug.

July

Oct.

Sept.

Dec.

Nov.

Annual

930. Composite index of 7 lagging indicators (1982=100)

1948
1949

32.3
34.9

1950
1951
1952.....
1953
1954

34.5
38.7
43.5
45.9
50.2

1955
1956
1957
1958
1959

45.4
52.4
58.2
61.6
54.8

1960
1961
1962
1963
1964

63.4
64.5
62.2
64.9
68.2

1965
1966
1967
1968
1969

71.1
76.2
82.2
82.4
87.6

1970
1971
1972
1973
1974

93.2
89.3
85.4
87.6
97.7

32.6
35.1
34.4
39.4
43.4
46.4
49.7
45.3
52.6
57.7
60.0
55.1
63.9
64.3
62.3
65.1
68.4
71.9
76.9
82.4
82.8
87.9
93.6
88.9
85.0
88.7
97.8

32.7
34.9
34.2
40.0
43.7
46.7
48.8

32.7
34.8
34.4
40.4
43.5
47.7
47.8

45.6
53.4
58.2
59.7
55.2

45.4
54.6
58.5
58.5
55.6
65.0
63.0
63.0
65.1
69.0
72.8
78.1
82.7
84.1
89.2

64.7
63.6
62.5
64.9
68.7
72.2
77.2
82.7
83.5
88.4
94.2
88.2
85.7
89.5
97.4

105.5
110.7
111.3
1 13.0
117.0

108.8
100.7
103.5
91.7
95.3
105.3
110.8
109.6
112.8
117.8

100.0
87.8
87.5
93.3
98.8
111.4
99.6
102.1
91.0
96.4
106.2
112.5
110.0
113.6
118.7

1948
1949

118.9
108.3

116.9
106.6

117.1
106.0

1950.
1951
1952
1953
1954

105.5
113.4
101.8
105.9
91.4

105.5
111.2
103.7
105.6
92.4

1955
1956
1957
1958
1959
1960
1961
1962
1963
1964.
1965
1966
1967
1968
1969

104 0
99.2
90.9
79.4
93.2
86.3
79.1
87.9
87.2
87.5

1970
1971
1972
1973
1974
1975
1976
1977
1978
1979

89.6
91 3
100.0
107.8
98.6
85.1
102.0
109.7
109.3
111.8

104.9
98.9
92.5
79.8
93.6
85.3
79.0
88.8
87.7
88.2
90.5
92.7
90.7
94.3
93.7
89.0
91.5
100.8
107.3
97.8

1980
1981
1982
1983
1984

102.5
107.2
97.3
106.5
116.1

85.0
103.3
109.7
110.1
111.6
101.6
107.4
99.5
106.4
115.6

109.1
110.2
102.7
106.0
92.8
106.1
97.4
91.4
79.2
94.7
83.8
80.3
89.1
88.3
87.9
91,3
93.5
90.3
93.9
94.0
88.4
92.4
101.1
106.3
97.7
84.4
103.6
110.4
110.9
113.4

108.9
106.7
107.7
1122
113.9

109.7
106.5
111.0
113.2
113.2

1975
1976
1977
1978
1979
1980
1981
1982
1983
1984.....

102.5
88.0
86.9
92.5
98.8
108.3
101.2
104.9
9.1.9
94.0

1985
1986
1987
1988
1989

1985
1986
1987
1988
1989

91.0
93.0
91.2
94.1
93.6

;




101.0
87.9
87.2
92.7
99.4

98.3
108.4
100.5
108.1
114.8
109.2
104.9
110.8
113.3
112.4

93.3
87.2
85.9
90,8
98.6
96.9
87.1
87.8
92.7
101.1
113.6
99.4
101.7
90.9
97.9
105.9
111.6
109.9
114.0
118.0

116.5
105.5
111.0
109.4
103.0
103.8
94.4
107.9
96.0
89.9
79.7
95.7
83.4
81.6
88.9
88.6
88.6

90.9
92.6
90.4
93.6
93.3
89.0
93.8
101.9
104.6
96.0
87.5
105.3
110.7
114.3
109.0
94.5
108.5
100.3
109.0
113.4
109.9
107.0
111.2
113.0
113,6

32.8
35.0
34.4
40,9
44.2
48.8
47.4
45.9
55.8
58.9
56.2
57.0
66.0
62.3
63.4
65.3
68.7

32.8
34.5
34.3
41.5
45.1
49.0
46.7
46.7
56.1
59.0
55.0
58.6
66.4
61.6
64.0
65.6
69.2

73.5
79.1
82.4
84.5
90.0
92.7
86.8
86.3
91.1
99.5
94.6
86.9
88.1
93.4
101.1
112.3
102.2
101.4
90.1
99.6
106.6
111.8
109.8
113.7
119.1

73.3
79.7
82.8
84.9
90.9
92.6
85.9
86.9
92.0
100.1
91.0
86.2
89.0
94.2
102.4
109.7
1033
101.7
90.1
100.9
106.8
111.7
110.0
113.9
119.5

34.7
34.2

34.6
34.4

33.4
34.6

38.3
42.1
45.1
50.4
45.4

64.3
61.1
64.5
68.0
70.3

38.0
42.9
45.6
50.7
45.6
52.0
57.7
62.6
55.2
64.2
64.6
61.6
64.8
68.2
70.5

35.3
41.1
44.5
48.7
47.1
47.9
55.9
59.9
56.5
59.7
64.9
62.2
63.6
66.2
69.3

74.8
81.2
82.7
86.0
92.1

75.5
82.3
82.2
86.2
92.2

76.0
82.3
82.5
86.7
92.5

73.6
79.6
82,6
84.8
90.4

91.7
87.9
86.4
94.4
102.1

91.3
87.1
86.5
94.9
101.9

89.5
86.4
86.1
97.1
103.5

92.3
87.4
86.2
92.3
100.2

88.1
86.7
90.3
96.0
105.2
98.7
105.7
98.6
91.4
104.3
108.4
110.8
111.5
114.8
119.6

88.0
87.2
90.7
96.3
106.1
97.4
105.3
97.1
91.6
105.1
109.4
111.8
111.5
114.9
120.0

90.9
86.5
86.3
95.7
102.3
87.9
86.7
91.2
97.8
107.2
98.4
104.9
95.2
92.7
105.0
109.7
111.3
112.1
116.1
119.7

88.0
86.4
91.3
98.3
107.3
101.2
104.3
93.0
93.6
105.0
110.1
110.4
111.8
116,2
119.7

93.1
87.0
89.1
94.8
102.8
105.5
102.8
100.0
91,4
100.7
107.5
111.4
110.6
114.3
119.0

115.9
100.3
115.4
105.3
106.7
96.4
99.6
100.8
91.8
83.4
90.0
78.7
82.4
88.3
88.0
88.0
88.4
92.4
91.6
91.4
94.2
92.4
87.7
94.9
105.9
102/7
92.0
99.7
106.3
111.2
113.7
104.3

112.4
103.5
111.0
105.0
106.2
93.7
101.8
99.4
90.9
81.4
92.8
79.9
80.6
89.7
88.2
86.8
90.3
92.5
90.3
93.6
94.8
91.5
87.3
96.4
107.8
102.7
89.4

111.6
103.8
114.5
103.3
106.1
91.3
102.2
99.8
92.2
79.2
90.9
84.0
79.3
89.4
87.3
87.4
91.6
92.8
90.5
94.4
94.5
91.2
90.4
97.5
109,3
100.1
85.6

116.3
104.8
114.2
107.3
102.9
100.1
96.5
104.1
93.4
87.2
85.8
88.4
82.2
84.8
88.1
87.9
89.3
91.6
91.8
91.5
94.0
92.7
89.0
94 2
103'.2
104.1
94.1

99.8
108.5
111.1
112.6
103.2

100.3
110.2
111.5
112.8
102.9

93.0
106.2
110.8
112.6
107.9

110.0
100.9
100.2
115.1
107.9
106.6
106.8
113.3
115.0
110.9

109.9
100.2
102.1
114.6
108.8
J06.7
107.6
112.1
113.4
111.4

107.2
99.5
104.3
115.0
109.4
107.2
109.7
113.9
114.0
111.8

101.9
104.4
100.0
111.4
111.6
108.2
106.8
111.7
113.7
112.1

33.1
34.4
34.0
41.8
45.4
49.0
46.5
47.0
57.7
59.0
54.2
59.6
66.4
61.0
64.1
66.1
68.8
73.4
80.6
82.9
84.9
91.0

34.0
34.0
34.2
41.7
44.8
49.4
45.8
49.2
57.2
60.7
53.4
61.5
65.8
61.0
64.2
66.7
69.6
74.1
80.9
82.4
85.9
91.2

34.3
33.8
35.5
41.7
44.8
49.9
45.6
49.6
57.8
61.8
54.5
64.4
64.1
61.3
64.2
67.0
70.0

34.0
34.6
36.9
41.9
44.7
50.0
45.5
50.8
57.6
61.5
54.8
65.3
63.8
61.3
64.3
67.3
70.6

74.2
81.1
82.7
86.0
91.7

92.0
86.6
86.8
93.1
100.4

92.3
87.7
86.6
92.9
100.7
88.8
86.3
89.9
95.3
103.7
101.1
103.9
99.7
91.4
103.2
107.9
111.7
110.0
114.5
119.8

89.9
86.3
89.3
94.8
102.8
104.9
103.5
101.1
90.4
101.8
107.7
111.9
110.0
113.9
119.6

940. Ratio, coincident composite index to lagging composite index (1982=100)
117.4
119.5
115.9
118.7
114.6
102.6
104.3
105.3
103.1
107.7
125.4
122.6
119.4
114.0
116.6
108.3
106.7
104.5
105.5
105.3
101.6
98.9
96.5
102.2
104.9
101.4
100.6
101.0
98.8
97.0
96.4
94.5
96.3
97.8
98.7
106.6
107.2
102.4
108.1
102.2
87.2
93.4
92.9
90.7
90.7
89.0
89.0
89.0
86.5
84.0
88.6
86.0
90.8
89.7
83.1
94.2
92.0
89.8
84.2
80.3
80.7
81.7
80.3
80.5
82.2
85.6
86.6
87.4
83.5
87.1
87.5
87.8
88.3
88.0
87.9
88.4
88.6
88.8
87.6
87.8
90.4
89.0
89.9
89.5
90.0
92.5
90.6
91.5
91.8
92.0
92.2
91.9
91.3
91.2
91.1
90.7
90.6
90.8
92.0
91.7
93.7
94.0
94.5
93.4
93.6
92.2
92.7
92.7
92.8
92.5
89.2
89.0
89.7
88.9
89.3
95.9
94.8
94.7
93.3
94.0
100.8
101.6
103.2
104.4
101.7
104.1
103.3
103.4
102.1
104.7
95.1
94.8
95.7
93.8
92.2
93.5
95.1
89.6
97.6
99.0
107.0
107.3
107.4
105.9
107.3
111.2
110.8
110.8
111.2
111.0
113.8
113.3
113.9
113.3
113.0
108.0
110.2
108.5
106.8
104.9
99.2
95.1
93.7
103.8
107.0
104.7
105.1
104.5
104.2
101.7
98.8
98.5
99.2
100.3
99.6
113.2
111.2
112.5
111.7
113.9
111.5
111.0
111.8
109.6
108.8
108.6
107.4
109.2
107.9
107.7
106.0
105.8
106.2
106.3
108.0
111.6
112.5
111.6
112.9
111.6
114.1
114.7
113.6
114.2
113.9
111.6
112.0
111.2
111.9
111.8

51.9
58.0
62.2
54.4
65.2

C-27

SURVEY OF CURRENT BUSINESS

October 1990

Historical Data for Selected Series—Continued
YEAR

1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958!ZZ!ZZ
1959
I960
1961
1962
1963
1964

1970
1971
1972
1973
1974
1975
1976
1977
1978
1979

20.0
100.0
65.0
60.0
54.5
54.5
90.9
31.8
18.2
45.5
81.8
27.3
54.5
54.5
77.3
72.7
72.7
68.2
63.6
36.4
86.4

1965
1966
1967
1968
1969

1980
1981
1982
1983
1984
1985
1986
1987
1988
1989

27.8
35.0
90.0
45.0
65.0
59.1
72.7
90.9
13.6
36.4
36.4
81.8
36.4
72.7
72.7

8L8
63.6
50.0
63.6
54.5
63.6
36.4

9.1

9.1

72.7
86.4
63.6
45.5

72.7
81.8
54.5
18.2
36.4
54.5
54.5
54.5
50.0
59.1
18.2
54.5
81.8
63.6
54.5
54.5
54.5
63.6
22.7

9.1
.

Mar.

Feb.

Jan.

81.8
36.4
18.2
36.4
72.7
22.7
36.4
72.7
72.7
77.3
63.6
31.8
40.9
72.7

May

Apr.

June

July

Sept.

Aug.

Oct.

81.8
45.5
72.7
50,0
63.6
63.6
40.9
63.6
31.8
18.2
77.3
68.2
45.5
59.1
45.5
54.5
45.5
45.5
81.8
18.2
50.0
45.5
90.9
54.5
45.5
54.5
63.6
59.1
18.2

950. Diffusion index of 1 1 leading indicator components (percent rising over 1 -month span)
0
33.3
61.1
61.1
20.0
20.0
60.0
40.0
90.0
70.0
90.0
30.0
80.0
60.0
80.0
70.0
30.0
80.0
45.0
10.0
20.0
30.0
55.0
50.0
45.0
65.0
90.0
60.0
60.0
80.0
18.2
40.9
36.4
18.2
27.3
9.1
90.9
90.9
%6.4
63.6
72.7
903
63.6
68.2
68.2
36.4
63.6
54.5
40.9
9.1
36.4
40.9
54.5
54.5
27.3
40.9
27.3
45.5
22.7
40.9
54.5
90.9
90.9
90.9
81.8
90.9
36.4
54.5
54.5
27.3
22.7
45.5
59.1
36.4
45.5
45.5
54.5
45.5
86.4
72.7
100.0
90.9
81.8
27.3
18.2
45.5
18.2
68.2
45.5
81.8
50.0
77.3
63.6
72J
45.5
54.5
72.7
63.6
59.1
72.7
81.8
72.7
45.5
54.5
59.1
72.7
40.9
54.5
18.2
18.2
13.6
22.7
36.4
45.5
86.4
45.5
72.7
77.3
100.0
54.5
54.5
36.4
45.5
50.0
59.1
90.9
54.5
31.8
22.7
18.2
31.8
59.1
63.6
45.5
63.6
36.4
9.1
54.5
63.6
68.2
50.0
54.5
54.5
45.5
68.2
81.8
63.6
81.8
54.5
54.5
36.4
36.4
45.5
63.6
54.5
27.3
36.4
22.7
4.5
27.3
9.1
9.1
90.9
90.9
90.9
86.4
68.2
72.7
54.5
63.6
63.6
54.5
90.9
45.5
63.6
59.1
36.4
63.6
59.1
59.1
68.2
54.5
72.7
45.5
45.5
68.2
31.8
63.6
27.3
54.5
22.7
27.3
63.6
100.0
27.3
81.8
90.9
9.1
36.4
90.9
36.4
18.2
54.5
0
68.2
36.4
72.7
50.0
59.1
27.3
86.4
90.9
59.1
81.8
100.0
90.9
36.4
22.7
45.5
36.4
45.5
45.5
63.6
36.4
81.8
40.9
81.8
59.1
36.4
54.5
54.5
63.6
59.1
45.5
81.8
68.2
68.2
50.0
54.5
54.5
81.8
63.6
45.5
45.5
31.8
54.5
9.1
36.4
72.7
40.9
40.9
50.0
950. Diffusion index of 11 leading indicator components (percent rising over 6-month span)
44.4
55.6
22.2
33.3
11.1
30.0
50.0
100.0
90.0
100.0
100.0

66.7
25.0
65.0
40.0
60.0
59.1
72.7
63.6
36.4
31.8
63.6
12.7

9.1

o

1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979

20.0

20.0

20.0

100.0
50.0
60.0
55.0
72.7
90.9
54.5

100.0
55.0
60.0
36.4
72.7
90.9
18.2

100.0
30.0
50.0
27.3
77.3
90.9
27.3

9.1

9.1

9.1

36.4
90.9
36.4
77.3
63.6
86.4
90.9
63.6
81.8
36.4
59.1
72.7

54.5
81.8
54.5
100.0
22.7
90.9
81.8

77.3
81.8

9.1
100.0
100.0
81.8

63.6
63.6
45.5
68.2
36.4
18.2
100.0
90.9
63.6

0

0

36.4
90.9
63.6
72.7
36.4

50.0
90.9
63.6
68.2
18.2

1980
1981.
1982
1983
1984

9.1

9.1

45.5
36.4
100.0
81.8

36.4
54.5
100.0
72.7

1985
1986
1987
1988..
1989

45.5
72.7
81.8
27.3
45.5

54.5
77.3
63.6
45.5
36.4

9.1
90.9
27.3
81.8
77.3
68.2
50.0
54.5
59.1
27.3

90.0
25.0
80.0
18.2
90.9
90.9
27.3
18.2
90.9
54.5
18.2
90.9
36.4
81.8
72.7

80.0
20.0
60.0
18.2
77.3
81.8
36.4
18.2
100.0
36.4
36.4
100.0
22.7
63.6
72.7

86.4
68.2
13.6
18.2
100.0
22.7
54.5
100.0
31.8
63.6
81.8

45.5
40.9
63.6
72.7
27.3

50.0
18.2
81.8
45.5
18.2
18.2
63.6
100.0
36.4

63.6
13.6
90.9
59.1
27.3
18.2
63.6
100.0
27.3

9.1

9.1

90.9
81.8
63.6
18.2
72.7
86.4
68.2
72.7
27.3
18.2
27.3
59.1
100.0
45.5
63.6
63.6
81.8
86.4
13.6

68.2
81.8
45.5
22.7
90.9
77.3
72.7
63.6
36.4

80.0
30.0
100.0

9.1

9.1

9.1

100.0
72.7
63.6
63.6
27.3

100.0
72.7
63.6
81.8

45.5

18.2
63.6
100.0
18.2

27.3
63.6
45.5
100.0
36.4

59.1
54.5
81.8
77.3
18.2

72.7
54.5
63.6
86.4
36.4

9.1

9.1
9.1
54.5
100.0
27.3
81.8
54.5
77.3
72.7
45.5

80.0
20.0
80.0
9.1
90.9
72.7
18.2
18.2
100.0
18.2
36.4
100.0
18.2
81.8
72.7
81.8
0
90.9
81.8
18.2
27.3
63.6
95.5
36.4
9.1
90.9
59.1
63.6
63.6
27.3
86.4
0
54.5
90.9
36.4

70.0
20.0
80.0
9.1
100.0
63.6
63.6
0
100.0
9.1
36.4
81.8
72.7
77.3
86.4
81.8
0
90.9
90.9
0
45.5
81.8
90.9
40.9
0
86.4
68.2
59.1
63.6
18.2
100.0
9.1
54.5
81,8
27.3

81.8
63.6
72.7
63.6
36.4

81.8
72.7
63.6
63.6
54.5

80.0
20.0
80.0
18.2
90.9
72.7
36.4

0
100.0
27.3
36.4
90.9
81.8
68.2
90.9
90.9

9.1
90.9
90.9

0
63.6
81.8
72.7
31.8

70.0
55.0
50.0
60.0
50.0
36.4

ioao
45.5
40.9
36.4
72.7
31.8
18.2
81.8
63.6
72.7
63.6
81.8
13.6
54.5
86.4
18.2
54.5
72.7
54.5
45.5
13.6

Dec,

15.0
80.0
15.0
40.0
60.0
36.4

773
63.6
59.1

0
81.8
27.3
45.5
63.6
90.9

so!o

72.7
72.7
18.2
59.1
72.7
13.6
54.5
68.2
81.8
54.5

9.1

72.7
54.5
54.5
63.6
13.6
81.8
36.4
90.9
90.9
27.3
72.7
68.2
45.5
40.9
36.4

81.8
54.5
77.3
45.5
18.2
77.3
36.4
90.9
68.2
59.1
40.9
72.7
22.7
40.9
63.6

10.0
100.0

10.0
100.0
40.0
70.0
90.0
45.5
90.9
45.5
27.3
13.6
90.9
45.5
40.9
90.9
86.4
90.9
63.6
72.7
36.4
72.7
90.9

65.0
50.0
70.0
27.3
90.9
63.6
54.5

9.1
100.0
27.3
45.5
86.4
86.4
63.6
90.9
81.8
36.4
72.7
90.9

9.1
63.6
100.0
72.7
36.4

0
81.8
100.0
81.8
36.4

0

0

9.1

81.8
63.6
72.7
54.5
31.8
100.0

100.0
54.5
45.5
54.5
18,2

90.9
63.6
54.5
40.9
36.4

81.8
18.2
81.8
81.8
36.4

72.7
18.2
100.0
81.8
36.4

81.8
72.7
36.4.
77.3
45.5

77.3
81.8
40.9
50.0
27.3

9.1
72.7
81.8
27.3
90.9
81.8
63.6
45.5
45.5

NOTE.—Diffusion indexes are centered within the spans: 1-month indexes are placed on the ending month, and 6-month indexes are placed on the 4th month.




Nov.

Annual

0
80.0
50.0
50.0
54.5
54.5
72J
45.5
36.4
18.2
50.0
72.7
63.6
81.8
68.2
63.6
54.5
72.7
36.4
90.9
59.1
36.4
77,3
100.0
81.8
27.3
18.2
63.6
63.6
63.6
45.5
36.4
54.5
54.5
90.9
59.1
31.8
72.7
90.9
27.3
54.5
54.5

56.2
64.2
42.5
62.5
37.5
70
62.9
37.9
28.8
70.8
50.8
40.6
74.6
56.1
65.1
66.6
61.7
34.8
66.7
59.8
36.7
41.3
66.7
71.6
46.2
22.7
67.4
61.3
56.1
52.3
38.6
61.4
37.9
60.2
81.1
45.1
60.6
59.8
51.9
51.9
43.2

200
100.0

69.2

60.0
70.0
50.0
45.5
90.9
36.4
36.4
18.2
90.9
18.2
59.1
90.9
81.8
86.4
63.6
81.8
36.4
68.2
72.7
0
90.9
100.0
81.8
18.2
18.2
100.0
45.5
72.7
50.0
9.1

78.8
38.3
71.7
266
86.0
72.3
34.5
11.8
86.7
42.8
38.6
91.7
52.6
78.0
78.8
70.4
32.2
71.6
73.5
19.7
37.9
84.5
87.5
43.2
8.0
83.3
70.4
63.6
62.5
24.6

72.7
27.3
90.9
77.3
45.5
63.6
100.0
40.9
36.4
45.5

52.7
23.5
64.0
91.3
40.9
71.2
70.8
64.0
61.0
37.5

C-28

SURVEY OF CURRENT BUSINESS

October 1990

Historical Data for Selected Series—Continued
Feb.

1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981........
1982
1983
1984
1985
1986
1987
1988
1989

75.0
75.0
75.0
100.0
25.0
100.0
62.5
25.0
0
75.0
100.0
50.0
25.0
62.5
75.0
62.5
87.5
100.0
12.5
75.0
0
100.0
100.0
62.5
50.0
25.0
100.0
75.0
50.0
25.0
100.0
62.5
0
75.0
100.0
50.0
75.0
25.0
75.0
100.0

50.0
0
50.0
62.5
100.0
100.0
50.0
100.0
50.0
100.0
0
100.0
25.0
50.0
100.0
100.0
87.5
100.0
100.0
37.5
75.0
100.0
37.5
25.0
75.0
100.0
25.0
0
100.0
100.0
87.5
75.0
50.0
50.0
87.5
25.0
87.5
100.0
50.0
100.0
87.5
50.0

Mar.

75.0
25.0
100.0
75.0
50.0
100.0
0
100.0
87.5
50.0
25.0
100.0
25.0
100.0
100.0
100.0
62.5
100.0
100.0
75.0
100.0
100.0
50.0
87.5
100.0
50.0
62.5
12.5
75.0
100.0
100.0
100.0
37.5
75.0
50.0
100.0
87.5
100.0
50.0
75.0
100.0
75.0

100.0
75.0
100.0
100.0
0
100.0
100.0
50.0
0
100.0
100.0
25.0
100.0
100.0
100.0
100.0
100.0
75.0
100.0
100.0
50.0
100.0
100.0
100.0
50.0
0
100.0
100.0
100.0
75.0

100.0
100.0
100.0
100.0
0
100.0
62.5
75.0
0
100.0
100.0
75.0
100.0
100.0
100.0
100.0
100.0
75.0
100.0
100.0
50.0
100.0
100.0
100.0
25.0
0
100.0
100.0
100.0
100.0

100.0
75.0
62.5
100.0
25.0
100.0
50.0
50.0
0
100.0
50.0
100.0
100.0
100.0
100.0
100.0
100.0
75.0
100.0
100.0
12.5
100.0
100.0
75.0
50.0
0
100.0
100.0
100.0
87.5

25.0
75.0
0
100.0
100.0

0
75.0
50.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

0
75.0
12.5
100.0
100.0

100.0
100.0
100.0
100.0
100.0

100.0
75.0
75.0
100.0
75.0

Apr.

May

June

July

Aug.

Sept.

951. Diffusion index of 4 coincident indicator components (percent rising over 1-month span)
75.0
75.0
100.0
75.0
62.5
62.5
0
0
37.5
0
100.0
100.0
100.0
100.0
75.0
100.0
100.0
50.0
75.0
50.0
50.0
50.0
12.5
37.5
50.0
50.0
0
100.0
62.5
100.0
62.5
50.0
62.5
0
25.0
62.5
25.0
50.0
75.0
37.5
37.5
87.5
100.0
100.0
100.0
50.0
87.5
100.0
100.0
25.0
0
100.0
75.0
100.0
12.5
25.0
75.0
62.5
62,5
0
0
75.0
100.0
100.0
75.0
100.0
100.0
100.0
100.0
50.0
0
25.0
62.5
37.5
12.5
0
0
25.0
62.5
100.0
100.0
75.0
100.0
75.0
100.0
50.0
50.0
100.0
100.0
50.0
100.0
75.0
100.0
75.0
100.0
75.0
100.0
100.0
75.0
100.0
75.0
100.0
100.0
75.0
100.0
100.0
75.0
87.5
75.0
75.0
100.0
75.0
100.0
50.0
87.5
62.5
87.5
62.5
100.0
50.0
75.0
100.0
100.0
75.0
75.0
100.0
75.0
87.5
100.0
50.0
100.0
75.0
25.0
25.0
25.0
100.0
12.5
50.0
100.0
100.0
62.5
37.5
100.0
37.5
100.0
75.0
75.0
50.0
100.0
100.0
50.0
75.0
75.0
87.5
75.0
62.5
25.0
100.0
75.0
75.0
12.5
37.5
50.0
75.0
75.0
100.0
100.0
100.0
100.0
75.0
100.0
100.0
75.0
100.0
75.0
100.0
100.0
100.0
75.0
100.0
100.0
75.0
100.0
75.0
100.0
75.0
0
87.5
62.5
75.0
50.0
37.5
0
0
25.0
25.0
100.0
87.5
75.0
37.5
87.5
87.5
25.0
12.5
25.0
62.5
0
12.5
0
0
100.0
100.0
100.0
100.0
50.0
100.0
100.0
75.0
75.0
75.0
75.0
75.0
50.0
25.0
100.0
75.0
100.0
100.0
25.0
50.0
100.0
37.5
100.0
100.0
75.0
75.0
100.0
100.0
100.0
50.0
75.0
100.0
100.0
75.0
75.0
50.0
25.0
75.0
50.0
75.0
75.0
37.5
951. Diffusion index of 4 coincident indicator components (percent rising over 6-month span)
100.0
100.0
100.0
100.0
75.0
50.0
0
0
0
25.0
50.0
50.0
100.0
100.0
100.0
100.0
100.0
100.0
50.0
50.0
50.0
62.5
75.0
50.0
100.0
100.0
100.0
50.0
100.0
100.0
25.0
25.0
100.0
62.5
25.0
0
25.0
50.0
50.0
100.0
37.5
100.0
100.0
100.0
100,0
100.0
100.0
100.0
100.0
25.0
50.0
100.0
100.0
100.0
25.0
25.0
62.5
25.0
12.5
0
100.0
75.0
100.0
37.5
100.0
100.0
100.0
75.0
50.0
12.5
50.0
50.0
25.0
12.5
0
50.0
25.0
0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
75.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
75.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
75.0
50.0
25.0
25.0
0
0
0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
75.0
75.0
75.0
100.0
100.0
100.0
50.0
75.0
50.0
75.0
0
0
100.0
100.0
12.5
100.0
100.0
100.0
100.0
100.0
100.0
87.5
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
25.0
100.0
50.0
100.0
75.0
75.0
0
0
12.5
50.0
100.0
100.0
50.0
75.0
75.0
50.0
25.0
0
0
0
0
25.0
0
0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
75.0
75.0
100.0
75.0
75.0
100.0
75.0
100.0
100.0
100.0
100.0
100.0
100,0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
75.0
100.0
75.0
25.0
75.0
100.0

NOTE.—Diffusion indexes are centered within the spans: 1-month indexes are placed on the ending month, and 6-month indexes are placed on the 4th month.




Oct.

Nov.

Dec,

75.0
0
75.0
87.5
87.5
25.0
100.0
75.0
100.0
0
87.5
25.0
37.5
100.0
100.0
100.0
25.0
100.0
100.0
37.5
100.0
100.0
0
75.0
100.0
100.0
50.0
100.0
62.5
100.0
100.0
87.5
100.0
0
25.0
100.0
50.0

12.5
100.0
50.0
62.5
50.0
0
100.0
100.0
50.0
12.5
100.0
100.0

25.0 .
75.0
100.0
75.0
100.0
0
75.0
100.0
100.0
0
62.5
100.0

0
100.0
87.5
50.0
100.0
100.0
50.0
100.0
100.0
12.5
12.5
100.0
100.0
100.0
0
62.5
100.0
87.5
100.0
62.5
75.0
0
75.0
100.0
100.0

50.0
75.0
100.0
100.0
50.0

100.0
100.0
25.0
75.0
100.0

25.0
100.0
37.5
75.0
100.0
100.0
100.0
100.0
75.0
50.0
100.0
100.0
100.0
25.0
0
100.0
100.0
87.5
100.0
37.5
75,0
0
37.5
100.0
87.5
75.0
100.0
100.0
100.0
75.0

0
100.0
75.0
100.0
100.0
0
100.0
100.0
100.0
0
100.0
100.0
0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
50.0
50.0
100.0
100.0
75.0
0
100.0
100.0
75.0
100.0
100.0

0
75.0
75.0
100.0
100.0
0
100.0
100.0
100.0
0
100.0
100.0
25.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
50.0
37.5
100.0
100.0
50.0
0
100.0
100.0
100.0
100.0
75.0

0 .
100.0
75.0
100.0
100.0

100.0
0
37.5
100.0
75.0

100.0
0
50.0
100.0
75.0
100.0
100.0
100.0
100.0
75.0

100.0
0
75.0
100.0
100.0
75.0
100.0
100.0
100.0
100.0

100.0
100.0
100.0
100.0
50.0

0
100.0

75.0
100.0
0
100.0
100.0
25.0
100.0
100.0
100.0
100.0
100.0
75.0
100.0
100.0
50.0
75.0
100.0
100.0
50.0
0
100.0
100.0
100.0
100.0
50.0

Annual

36.5
81.2
59.4
68.8
49.0
55.2
92.7
70.8
35.4
60.4
72.9
29.2
84.4
75.0
84.4
83.3
91.7
84.4
75.0
82.3
77.1
36.5
77.1
89.6
71.9
42.7
66.7
90.6
91.7
88.5
58.3
56.2
42.7
31.2
87.5
82.3
77.1
71.9
77.1
84.4
65.6

33.3
93.8
74.0
92.7
44.8
57.3
97.9
82.3
27.1
67.7
78.1
34.4
91.7
100.0
100.0
100.0
100.0
95.8
91.7
100.0
85.4

31.2
100.0
100.0
81.2
31.2
67.7
99.0
97.9
100.0
76.0
49.0
41.7
20.8
100.0
95.8
93.8
91.7
97.9
100.0
79.2

SURVEY OF CURRENT BUSINESS

October 1990

C-29

Historical Data for Selected Series--Continued
YEAR

Jan.

Apr.

75.0
58.3

50.0
41.7

May

June

July

Aug.

Sept.

952. Diffusion index of 7 lagging indicator components (percent rising over 1-month span)
58.3
58.3
66.7
91.7
75.0
75.0
33.3
58.3
25.0
25.0
25.0
41.7
41.7
41.7
41.7
58.3
75.0
91.7
58.3
58.3
58.3
58.3
66.7
41.7
75.0
41.7
91.7
58.3
58.3
8.3
66.7
100.0
50.0
58.3
41.7
58.3
25.0
16.7
25.0
25.0
33.3
16.7
75.0
41.7
91.7
83.3
58.3
100.0
100.0
83.3
66.7
78.6
42.9
57.1
78.6
85.7
50.0
78.6
78.6
50.0
7.1
14.3
14.3
14.3
7.1
42.9
71.4
71.4
85.7
78.6
85.7
92.9
85.7
64.3
64.3
50.0
42.9
42.9
21.4
21.4
50.0
21.4
71.4
64.3
71.4
78.6
78.6
64.3
50.0
57.1
57.1
71.4
71.4
57.1
92.9
64.3
35.7
64.3
85.7
42.9
78.6
64.3
71.4
71.4
57.1
50.0
64.3
64.3
71.4
78.6
78.6
92.9
57.1
57.1
50.0
57.1
35.7
64.3
14.3
64.3
42.9
78.6
57.1
78.6
64.3
57.1
78.6
85.7
85.7
50.0
42.9
64.3
35.7
50.0
42.9
28.6
57.1
7.1
7.1
42.9
28.6
92.9
71.4
50.0
78.6
50.0
42.9
42.9
35.7
35.7
71.4
100.0
64.3
42.9
85.7
64.3
71.4
50.0
57.1
50.0
64.3
64.3
0
0
0
28.6
42.9
14.3
50.0
50.0
57.1
57.1
50.0
57.1
71.4
71.4
71.4
78.6
64.3
64.3
71.4
50.0
85.7
71.4
85.7
78.6
71.4
92.9
50.0
71.4
57.1
85.7
50.0
0
57.1
57.1
0
28.6
71.4
71.4
100.0
50.0
64.3
85.7
64.3
28.6
35.7
35.7
57.1
35.7
28.6
21.4
57.1
71.4
42.9
57.1
85.7
78.6
57.1
85.7
92.9
85.7
28.6
57.1
57.1
78.6
57.1
50.0
21.4
42.9
42.9
50.0
28.6
28.6
50.0
50.0
42.9
35.7
35.7
85.7
64.3
57.1
35.7
50.0
64.3
64.3
50.0
57.1
35.7
64.3
57.1
35.7

66.7
58.3
58.3
50.0
41.7
100.0
35.7
50.0
35.7
85.7
28.6
57.1
42.9
57.1
78.6
64.3
50.0
50.0
57.1
64.3
42.9
21.4
42.9
57.1
42.9
50.0
64.3
71.4
50.0
57.1
14.3
71.4
14.3
42.9
64.3
71.4
78.6
78.6
64.3
35.7

952. Diffusion index of 7 lagging indicator components (percent rising over 6-month span)
75.0
83.3
66.7
100.0
66.7
91.7
25.0
41.7
33.3
25.0
41.7
33.3
66.7
41.7
41.7
100.0
100.0
83.3
58.3
83.3
75.0
66.7
66.7
58.3
58.3
58.3
58.3
58.3
41.7
41.7
83.3
75.0
100.0
83.3
66.7
66.7
0
0
8.3
8.3
8.3
8.3
58.3
91.7
83.3
100.0
91.7
91.7
100.0
100.0
83.3
75.0
75.0
57.1
85.7
71.4
71.4
64.3
85.7
57.1
0
0
0
14.3
28.6
28.6
100.0
100.0
100.0
85.7
100.0
100.0
71.4
71.4
78.6
57.1
57.1
35.7
21.4
21.4
21.4
21.4
28.6
50.0
64.3
92.9
85.7
64.3
50.0
57.1
85.7
92.9
64.3
85.7
92.9
78.6
50.0
50.0
57.1
35.7
64.3
64.3
85.7
78.6
78.6
64.3
64.3
50.0
85.7
71.4
71.4
85.7
85.7
85.7
42.9
57.1
57.1
57.1
42.9
42.9
71.4
71.4
100.0
85.7
78.6
57.1
78.6
78.6
92.9
71.4
100.0
57.1
42.9
28.6
28.6
28.6
42.9
14.3
35.7
42.9
57.1
57.1
42.9
14.3
71.4
71.4
71.4
71.4
42.9
42.9
71.4
85.7
71.4
71.4
100.0
100.0
57.1
71.4
57.1
57.1
50.0
57.1
0
0
0
14.3
28.6
28.6
71.4
57.1
64.3
57.1
28.6
42.9
71.4
92.9
100.0
78.6
85.7
78.6
71.4
71.4
71.4
78.6
71.4
92.9
78.6
85.7
71.4
85.7
85.7
57.1
28.6
28.6
0
28.6
0
14.3
71.4
57.1
85.7
71.4
85.7
57.1
28.6
28.6
28.6
28.6
7.1
14.3
28.6
42.9
28.6
57.1
71.4
85.7
100.0
92.9
85.7
71.4
92.9
85.7
71.4
57.1
57.1
64.3
64.3
57.1
28.6
50.0
42.9
28.6
28.6
42.9
71.4
57.1
57.1
57.1
85.7
64.3
78.6
50.0
57.1
71.4
64.3
78.6
42.9
71.4
57.1
71.4
64.3
42.9

100.0
25.0
83.3
66.7
41.7
58.3
25.0
100.0
71.4
57.1
28.6
85.7
42.9
64.3
64.3
85.7
78.6
71.4
57.1
42.9
85.7
78.6
21.4
14.3
64.3
71.4
57.1
14.3
57.1
85.7
78.6
57.1
28.6
71.4
7.1
85.7
71.4
71.4
28.6
78.6
71.4
35.7

NOTE.—Diffusion indexes are centered within the spans: 1-month indexes are placed on the ending month, and 6-month indexes are placed on the 4th month.




50.0
83.3

75.0
25.0
75.0
66.7
58.3
58.3
58.3
83.3
71.4
78.6
35.7
28.6

33.3
66.7
50.0
83.3
75.0
58.3
58.3
58.3
42.9
57.1
78.6
28.6

78.6
50.0
64.3
78.6
42.9
64.3
78.6
28.6
57.1
64.3
21.4
28.6
50.0
57.1
71.4

35.7
85.7
50.0
64.3
50.0
71.4
57.1
57.1
64.3
57.1
7.1
42.9
57.1
64.3
42.9

45.1
54.9
62.5
58.3
62.5
31.2
70.1
67.0
64.3
29.2
68.5
57.2
45.2
64.3
63.1
58.3
63.7
67.8
47.6
62.5
66.7
39.3
41.1
45.2
70.2
54.2

28.6
28.6
85.7
92.9
64.3
50.0
57.1
14.3
78.6
50.0
50.0
35.7
50.0
71.4
57.1

57.1
35.7
42.9
71.4
50.0
50.0
57.1
28.6
78.6
64.3
71.4
28.6
35:7
50.0
42.9

26.2
47.0
66.1
74.4
66.1
42.2
62.5
36.3
50.0
73.2
57.7
46.4
53.0
58.9
54.2

75.0
58.3
83.3
83.3
58.3
58.3
41.7
83.3
71.4
57.1
71.4
57.1
42.9
71.4
50.0
64.3
64.3
71.4
42.9
57.1
57.1
78.6
14.3
0
71.4
85.7
42.9
14.3
57.1
85.7
85.7
71.4

75.0
58.3
83.3
83.3
58.3
50.0
41.7
100.0
64.3
42.9
71.4
57.1
35.7
64.3
35.7
64.3
64.3
85.7
42.9
57.1
78.6
57.1
28.6
28.6
85.7
64.3
28.6
28.6
57.1
78.6
57.1
57.1

40.3
71.5
72.9
55.6
77.1
16.7
77.8
83.1
69.0
23.8
85.7
57.1
36.3
67.9
73.2
56.0
71.4
76.8
51.2
76.2
81.0
32.8
30.4
58.9
83.9
63.7
15.5
50.6
79.2
76.2
76.2

28.6
71.4
14.3
85.7
71.4
85.7
28.6
85.7
92.9
28.6

28.6
50.0
14.3
85.7
57.1
85.7
35.7
71.4
92.9
28.6

32.2
67.2
21.4
52.4
83.9
62.5
40.5
63.1
75.6
56.6

C-30

SURVEY OF CURRENT BUSINESS

October 1990

Historical Data for Selected Series—Continued
YEAR

Jan.

Feb.

Mar.

Apr.

1948
1949..
1950
1951..
1952
1953
1954....
1955
1956
1957
1958
1959
I960
1961
1962
1963
1964
1965
1966
1967
1968..
1969
1970
1971
1972
1973.....
1974
1975
1976
1977
1978
1979
1980.
1981
1982
1983
1984....
1985
1986
1987
1988
1989

40.4
39.4
39.6
40.8
40.7
41.0
39.5
40.3
40.8
40.3
38.8
40.1
40.5
39.2
40.0
40.4
40.1
41.2
41.4
41.0
40.3
40.7
40.4
39.9
40.2
40.4
40.5
39.2
40.5
39.7
39.6
40.5
40.0
40.1
38.0
39.4
40.7
40.4
40.8
40.9
41.1
41.1

40.2
39.4
39.7
40.8
40.7
41.0
39.7
40.5
40.6
40.4
38.6
40.2
40.1
39.3
40.3
40.3
40.6
41.2
41.6
40.4
40.9
40.4
40.2
39.7
40.4
40.9
40.4
38.9
40.3
40.3
39.9
40.5
40.1
39.9
39.6
39.2
41.0
40.1
40.6
41.1
41.0
41.1

40.4
39.1
39.7
41.0
40.6
41.1
39.5
40.7
40.4
40.2
38.7
40.4
39.9
39.4
40.5
40.4
40.6
41.4
41.5
40.4
40.7
40.8
40.1
39.8
40.4
40.8
40.4
38.8
40.2
40.2
40.5
40.6
39.8
40.0
39.1
39.6
40.7
40.4
40.8
41.0
41.0
41.0

1948
1949
1950
1951.
1952.
1953
1954
1955
1956
1957
1958
1959
I960
1961....
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978....
1979
1980..
1981...
1982
1983
1984
1985
1986
1987
1988
1989.

166
285
294
174
221
175
303
256
218
242
354
292
281
393
301
310
283
243
222
196
206
179
240
292
264
226
294
522
360
394
343
353
416
424
563
507
364
378
375
355
348
296

206
305
288
181
201
177
318
240
226
225
407
284
271
429
295
301
270
248
219
231
196
186
256
286
262
223
315
532
340
427
381
352
397
410
514
478
345
402
384
350
314
303

201
333
276
166
209
188
320
228
221
219
436
258
303
379
287
288
277
237
182
256
194
185
262
294
258
227
302
536
358
346
335
346
438
413
566
479
348
389
393
338
303
318




May

June

July

Aug.

Sept.

1. Average weekly hours of production or nonsupervisory workers, manufacturing (hours)
40.4
40.2
40.2
40.1
40.0
39.6
38.9
39.1
38.8
39.0
39.4
38.9
40.1
40.2
40.5
40.8
41.1
40.8
41.2
40.2
40.4
40.9
40.7
40.5
40.1
40.4
40.5
40.1
40.5
41.0
41.1
40.7
40.9
40.6
40.4
39.8
39.4
39.6
39.6
39.5
39.7
39.5
40.6
40.9
40.6
40.6
40.6
40.7
40.1
40.2
40.6
40.2
40.2
40.4
40.1
39.8
39.9
39.9
39.8
39.7
39.2
38.6
38.8
39.0
39.4
39.6
40.5
40.6
40.5
40.2
40.3
40.1
39.8
39.7
40.0
39.8
39.7
39.4
39.6
39.6
39.9
40.0
40.1
39.5
40.4
40.4
40.7
40.5
40.3
40.5
40.2
40.6
40.5
40.5
40.4
40.6
40.8
40.7
40.7
40.8
40.9
40.5
41.1
41.0
41.2
41.1
41.0
40.8
41.4
41.4
41.2
41.4
41.3
41.5
40.5
40.5
40.4
40.4
40.6
40.7
40.0
40.9
40.8
40.9
40.7
40.9
40.7
40.7
40.7
40.6
40.6
40.7
39.9
39.9
39.8
40.0
39.8
39.3
39.9
40.0
39.7
39.9
39.8
39.4
40.6
40.5
40.5
40.7
40.6
40.6
40.6
40.9
40.7
40.7
40.5
40.7
40.2
40.2
39.3
40.3
40.2
40.0
39.2
39.4
39.2
39.0
39.7
39.9
40.2
40.3
39.6
40.3
40.1
39.8
40.4
40.5
40.4
40.3
40.4
40.4
40.8
40.4
40.5
40.6
40.5
40.6
40.2
40.2
39.2
40.2
40.1
40.2
39.2
39.1
39.5
39.3
39.4
39.6
40.0
39.9
40.1
40.1
39.9
39.7
39.1
39.2
39.0
39.0
39.0
38.9
40.1
39.8
40.0
40.3
40.3
40.6
40.7
40.6
40.9
40.7
40.5
40.5
40.4
40.5
40.4
40.6
40.6
40.3
40.6
40.6
40.6
40.7
40.8
40.7
41.0
41.0
41.0
41.0
41.0
40.9
41.1
41.0
41.1
41.1
41.0
41.1
41.0
41.0
41.1
41.0
41.0
40.9
5. Average weekly
210
379
263
199
219
179
313
228
223
239
438
244
294
381
283
293
265
237
179
259
193
181
326
281
260
238
289
521
371
371
322
411
532
395
566
470
360
387
374
329
299
299

initial claims for unemployment
219
239
359
377
252
250
209
199
242
213
195
198
314
313
222
222
227
236
246
244
410
400
246
258
322
316
334
358
304
301
284
288
262
257
224
224
194
192
231
236
194
195
197
182
291
302
289
290
286
262
234
233
314
294
491
496
394
392
358
378
331
324
358
341
581
616
405
401
551
585
406
453
350
348
392
383
378
378
325
325
294
305
328
312

insurance, State programs (thous.)
194
202
218
340
385
320
223
170
182
236
254
242
315
207
168
207
229
238
294
319
322
223
233
204
245
224
236
267
235
305
350
363
338
264
291
271
335
363
351
348
316
329
303
305
300
282
290
285
260
244
245
231
248
218
199
195
197
231
212
217
192
199
194
195
196
195
273
287
319
285
325
307
272
246
245
232
247
241
294
350
374
442
449
447
393
389
410
370
368
363
347
339
321
377
383
378
510
495
488
395
421
483
533
605
653
380
408
387
365
358
368
381
375
381
370
379
377
321
299
293
321
298
290
338
316
320

Oct.

Nov.

Dec.

Annual

39.7
39.4
40.9
40.2
41.1
40.0
39.6
40.9
40.5
39.3
39.5
40.1
39.6
40.2
40.2
40.6
40.6
41,2
41.3
40.6
40.9
40.6
39.5
39.9
40.7
40.6
40.0
39.8
40.0
40.5
40.5
40.2
39.8
39.7
38.9
40.7
40.5
40.7
40.7
41.2
41.2
40.8

39.7
39.0
40.9
• 40.3
41.0
39.8
40.1
41.0
40.4
39.2
39.8
39.8
39.2
40.5
40.3
40.5
40.8
41.3
41.2
40.6
40.8
40.4
39.5
40.0
40.8
40.7
39.5
39.9
40.1
40.4
40.6
40.1
40.0
39.4
39.1
40.6
40.5
40.7
40.8
41.2
41.2
40.7

39.5
39.3
40.8
40.6
41.1
39.6
40.0
40.8
40.5
39.0
39.8
40.2
38.4
40.3
40.2
40.6
41.1
41.4
40.9
40.7
40.7
40.5
39.5
40.2
40.5
40.6
39.3
40.2
40.0
40.4
40.6
40.2
40.3
39.4
39.1
40.6
40.6
40.9
40.9
41.1
41.0
40.6

40.0
39.1
40.5
40.6
40.7
40.5
39.6
40.7
40.4
39.8
39.2
40.3
39.7
39.8
40.4
40.5
40.7
41.2
41.4
40.6
40.7
40.6
39.8
39.9
40.5
40.7
40.0
39.5
40.1
40.3
40.4
40.2
39.7
39.8
38.9
40.1
40.7
40.5
40.7
41.0
41.1
41.0

203
386
194
234
175
251
315
224
214
302
314
311
373
304
304
282
249
209
203
220
188
202
329
294
250
244
419
420
409
357
326
400
447
517
651
386
405
367
364
294
290
357

211
344
200
210
169
298
276
215
223
320
311
351
385
305
299
276
262
212
208
209
190
211
322
283
241
251
473
393
390
347
340
420
422
539
616
381
397
371
352
300
297
343

234
298
197
213
190
280
253
214
230
355
320
275
381
296
310
301
251
206
219
204
190
210
299
265
236
284
494
364
361
342
347
428
420
551
531
378
386
391
350
311
301
354

209
343
232
210
211
218
305
226
227
267
370
279
331
348
299
290
260
228
201
225
194
193
292
291
257
240
351
468
381
368
338
379
480
446
578
426
366
383
373
320
305
324

SURVEY OF CURRENT BUSINESS

October 1990

C-31

Historical Data for Selected Series—Continued
Jan.

YEAR

1948..
1949

Feb.

27.81
24.27
28.21
41.27
33.04
40.40
32.75
42.97
41.72
42.15
33.85
47.65

1985
1986
1987
1988
1989.....

28.07
25.06
28.09
46.14
32.84
42.17
31.1'1
43.31
42.97
40.47
35.69
43.25
42.40
38.04
47.01
47.08
51.99
57.22
60.98
59.93
64.66
68.24
63.68
65.86
68.86
82.52
79.77
61.08
69.34
77.91
80.10
88.38
81.11
73.26
67.72
68.77
82.23
82.52
82.68
79.76
83.32
90.82

1948
1949

14.83
15.36

1950.....
195lZZZ"!
1952
1953
1954

16.88
21.21
24.19
26.18
25.46
35.60
44.15
45.43
41.12
55.62

14.10
14.77
17.21
22.00
23.75
25.86
26.02
36.79
44.43
43.47
41.26
54.77
55.78
62.17
70.22
65.92
77.39
86.75
92.69
87.36
90.75
101.46
87.16
97.11
105.24
114.16
93.45
80.10
100.64
100.96
88.98
98.23
115.34
128.40
114.50
146.80
157.25
180.88
219.37
280.93
258.13
294.01

1950
1951
1952
1953
1954
1955
1956
1957
1958..
1959

I960
1961
1962
1963
1964
1965
1966
1967
1968
1969.
1970
1971

;......

1972
1973.....
1974
1975
1976
1977
1978
1979

„

1980
1981
1982
1983
1984

1955
1956.
1957
1958
1959

I960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976....
1977ZIZZ"
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989.

58.03
59.72
69.07
65.06
76.45
86.12
93.32
84.45
95.04
102.04
90.31
93.49
103.30
118.42
96.11
72.56
96.86
103.81
90.25
99.71
110.87
132.97
117.28
144.27
166.39
171.61
208.19
264.51
250.48
285.41

NSA Not seasonally adjusted




42.48
38.27
46.45
49.16
51.24
57.68
62.17
59.48
64.54
67.97
62.36
65.20
70,10
82.37
78.17
60.55
71.02
77.87
82.34
86.04
80.57
76.43
67.09
70.21
82.62
78.54
80.43
84.17
85.50
89.12

Mar.

29.30
23.77
28.01
42.38
36.92
40.97
32.86
46.00
41.45
41.29
33.49
45.99
39.98
40.58
45.62
49.39
50.80
57.65
64.49
59.02
64.49
67.94
62.06
63.06
69.76
83.16
77.06
58.44
72.52
81.39
83.51
88.20
75.56
75.94
69.79
70.42
80.78
77.95
78.37
84.86
85.40
86.34

Apr.

May

June

July

Aug.

Sept.

8. Manufacturers' new orders in 1982 dollars, consumer goods and materials industries
28.50
29.36
30.64
31.59
31.07
22.82
22.71
21.78
23.31
26.99
32.70
32.98
29.32
41.08
46.00
37.05
35.87
35.67
32.57
38.58
38.10
33.55
38.97
36.62
35.76
41.27
40.52
40.11
42.38
35.03
33.00
34.69
33.00
33.17
34.15
46.16
45.32
44.77
44.43
44.77
40.74
39.79
40.04
42.06
40.61
38.54
39.79
40.13
38.99
39.97
33.32
34.38
36.42
i 37.66
38.42
43.48
44.88
43.77
43.03
40.50
40.69
40.01
41.03
39.75
40.98
44.01
41.52
42.88
44.28
42.55
44.64
43.83
45.32
45.88
42.90
49.00
47.50
49.46
.47.78
50.04
52.15
52.83
52.52
54.36
52.69
57.37
57.42
56.67
56.91
58.76
61.80
62.34
61.21
61.49
62.16
60.42
60.84
60.46
59.34
63.13
64.74
64.69
63.50
63.80
62.27
67.45
67.59
67.18
67.01
68.69
62.29
63.66
61.11
61.71
61.66
63.06
64.22
63.52
62.48
63.83
69.94
71,72
70.36
71.21
73.71
80.35
79.94
81.29
79.63
80.32
79.08
76.24
77.13
78.40
74.70
61.90
61.30
62.83
66.43
66.40
73.58
74.01
74.71
72.62
73.30
82.01
81.41
79.96
80.69
81.29
86.74
86.07
87.06
84.53
86.31
86.96
84.26
85.18
83.00
80.58
66.94
67.11
69.96
70.82
69.85
77.67
77.72
77.78
76.40
73.47
69.27
68.90
69.06
66.72
68.32
73.44
75.22
75.61
76.94
71.23
81.62
78.84
81.15
81.06
80.79
79.49
78.86
78.46
78.57
80.03
80.34
78.35
81.08
79.00
79.78
83.50
83.94
83.78
85.66
83.78
85.74
87.83
85.10
87,77
87.49
87.85
89.73
86.77
82.76
90.45

14.30
14.91
17.35
21.63
23.81
25.99
26.57
36.50
47.49
44.03
42.11
56.15
55.02
64.12
70.29
65.67
78.80

15.40
14.89
17,84
21.92
23.74
24.71
27.63
37.76
48.05
45.05
42.34
57.10
55.73
65.83
68.05
68.76
79.94

86.83
88.88
89.42
89.09
99.30
88.65
99.60
107.69
112.42
97,44
83.78
101.08
100.57
88.82
100.11
104.69
133.19
110.84
151.88
157.44
179.42
232.33
292.47
265.74
292.71

87.97
91.60
90.96
95.67
101.26
85.95
103.04
108.81
110.27
92.46
84.72
101.93
99.05
92.71
102.07
102.97
134.43
116.31
157.71
157.60
180.62
237.98
289.32
262.61
302.25

19. Index of stock prices, 500 common
16.15
16.82
14.78
13.97
18.44
18.74
21.93
21.55
23.73
24.38
24.84
23.95
28.96
28.73
37.60
39.78
46.54
46.27
46.78
47.55
43.70
44.75
57.96
57.46
57.26
55.22
65.62
66.50
62.99
55.63
70.11
70.14
80.24
80.72
85.04
89.28
86.06
86.78
92.59
91.43
97.87
100.53
99.14
104.62
76.06
75.59
99.72
101.64
108.01
107.65
107.22
104.75
89.67
89.79
90.10
92.40
101.77
101.16
98.76
99.29
97.41
97.66
99.73
101.73
107.69
114.55
131.73
132.28
116.35
109.70
164.10
166.39
153.12
156.55
184.90
188.89
238.46
245.30
301.38
289.12
256.12
270.68
313.93
323.73

stocks, NSA (1941-43=10)
16.42
15.94
14.76
15.29
17.38
18.43
21.93
22.89
25.08
25.18
24.29
24.39
30.13
30.73
42.69
42.43
48.78
48.49
48.51
45.84
47.70
45.98
59.74
59.40
55.84
56.51
65.44
67.79
56.97
58.52
69.07
70.98
83.22
82.00
84.91
86.49
85.84
80.65
93.01
94.49
100.30
98.11
94.71
94.18
75.72
77.92
99.00
97.24
107.21
111.01
103.80
105.83
82.82
76.03
92.49
85.71
104.20
103.29
100.18
97.75
97.19
103.92
102.71
107.36
119.83
123.50
129.13
129.63
109.38
109.65
166.96
162.42
151.08
164.42
192.54
188.31
240.18
245.00
329.36
310.09
269.05
263.73
331.93
346.61

(bit. $)
28.93
27.22
36.33
31.25
37.73
31.34
35.92
44.05
39.56
39,13
39.54
42.34

Oct.

Nov.

Dec.

Annual

75.43
72.27
68,23
77.17
77.92
80.24
82.52
86.00
88.06
87.84

27.99
25.42
36.67
34.62
35.78
30.32
36.35
43.55
40.86
37.46
39.37
40.86
40.03
43.79
46.83
50.09
52.52
57.76
61.91
59.61
67.98
68.48
57.76
64.39
75.81
81.28
70.63
67.67
71.17
80.53
87.15
81.04
78.35
70.f6
64.96
79.76
79.28
80.42
81.31
86.80
87.89
87.60

27.11
26.54
33.42
33.37
35.92
30.86
38.52
45.18
41.02
35.99
41.30
39.83
39.64
46.29
46.80
50.02
54.00
60.12
60.81
62.31
68.94
66.24
57.74
66.39
77.58
82.16
68.14
67.41
75.04
82,76
88.31
79.78
77.79
68.32
65.09
80.56
79.70
80.26
79.46
85.80
89.72
88.78

25.95
26.06
35.39
32.30
38.81
31.14
41.29
44.30
41.40
33.94
40.95
42.81
39.55
47.91
45.73
49.94
56.32
61.67
60.25
66.53
67.19
65.78
63.28
67.08
78.66
77.99
61.16
67.58
76.89
83.29
89.07
78.48
77.55
68.81
65.22
81.86
79.44
79.93
84.69
86.81
92.64
86.12

346.32
295.95
408.20
441.07
434.04
446.51
416.81
534.81
492.22
467.85
444.39
518.39
488.09
513.88
547.31
587.74
636.98
696.00
740.96
731.68
783.15
810.78
739.23
772.78
872.82
970.51
892.70
768.87
876.97
970.84
1,026.33
1,003.71
891.04
888.23
810.37
901.19
965.43
955.27
968.01
1,014.86
1,046.46
1,054.18

15.76
15.49

16.19
15.89

15.29
16.11

15.19
16.54

15.53
15.23

19.08
23.48
24.78
23.27
31.45
44.34
46.84
43.98
48.96
57.05
54.81
67.26
58.00
72.85
83.41

19.87
23.36
24.26
23.97
32.18
42.11
46.24
41.24
50.95
57.00
53.73
68.00
56.17
73.03
84.85
91.39
77.13
95.66
103.76
95.52
84.37
97.29
109.56
109.84
69.44
88.57
101.89
93.74
100.58
104.47
130.22
119.80
132.66
167.65
164.82
186.18
237.36
280.16
277.40
347.40

19.83
22.71
25.03
24.50
33.44
44.95
45.76
40.35
52.50
57.23
55.47
71.08
60.04
72.62
85.44

19.75
23.41
26.04
24.83
34.97
45.37
46.44
40.33
53.49
59.06
56.80
71,74
62.64
74.17
83.96
91.73
81.33
95.30
106.48
91.11
90.05
99.17
117.50
94.78
67.07
88.70
104.66
93.82
96.11
107.78
133.48
123.79
139.37
164.36
164.48
207.26
248.61
240.96
276.51
348.57

18.40
22.33
24.50
24.73
29.69
40.49
46.62
44.38
46.24
57.38
55.85
66.27
62.38
69.86
81.37

41.55
43.76
46.30
48.28
55.56
56.77
61.35
60.61
66.35
68.21
61.92
63.69
75.11
79.50
72.22
67.28
72.77
81.73
85.14
81.81

89.38
77.81
95.81
101.34
94.51
82.58
99.40
109.39
105.61
68.12
84.67
105.45
96.23
103.86
108.60
126.51
118.27
122.43
167.16
166.11
184.06
238.27
318.66
267.97
347.33

92.15
80.99
92.66
105.40
96.21
84.28
92.78
115.05
102.03
71.74
90.07
101.19
94.28
94.71
103.66

135.65
122.92
138.10
165.23
166.27
197.45
245.09
245.01
271.02
340.22

88.17
85.26
91.93
98.70
97.84
83.22
98.29
109.20
107.43
82.84
86.16
102.01
98.20
96.02
103.01
118.78
128.04
119.71
160.41
160.46
186.84
236.34
286.83
265.79
322.84

C-32

SURVEY OF CURRENT BUSINESS

October 1990

Historical Data for Selected Series—Continued
YEAR

1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
1962
1963
1964
1965
1966
1967.........
1968
1969
1970....
1971
1972
1973
1974
1975
1976
1977
1978
1979

1980
1981
1982....
1983
1984

Jan.

Feb.

7.34
5.90
7.34
13.55
9.78
11.07
8.38
9.46
11.90
11.98
8.70
9.58
10.00
10.82
11.09
11.57
14.29
14.69
17.22
14.97
21.13
24.05
23.44
20.06
20.41
25.94
30.25
23.29
23.60
25.35
28.76
33.37

8.45
6.40
7.27
13.84
9.92
11.31
8.50
10.24
11.56
11.55
8.39
9.86
10.23
10.50
12.10
11.93
12.90
14.86
18.51
16.09
21.29
24.60
22.56
21.97
21.35
27.72
30.88
21.50
22.67
25.50
32.16
35.70
30.95
28.41
30.29
23.26
30.70

1985
1986
1987
1988
1989

34.06
31.64
32.32
23.62
30.19
30.39
32.40
35.49
43.77
50.77

36.58
36.35
36.37
44.73
46.10

1948
1949.

109.4
80.4

100.4
81.9

1950.
1951
1952
1953
1954

157.4
146.3
99.6
105.0
101.9
136.4
109.8
86.5
91.5
114.7
102.8
91.2
105.5
113.0
117.4

159.2
114.9
115.3
110.7
100.4
151.0
106.8
90.9
78.7
119.6
102.4
90.4
112.3
109.7
130.6
107.3
104.9
79.5
117.6
131.0
98.0
139.2
186.9
191.9
117.2
62.8
102.6
134.5
140.2
120.5
96.9
96.9
65.3
118.8
158.5
132.5
140.9
134.7
114.7
110.7

1955
1956
1957
1958
1959
I960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988.
1989

114.5
120.0
87.2
103.3
127.9
93.1
144.0
192.9
195.7
114.7
62.6
103.0
124.6
140.6
118.0
103.4
98.6
64.1
115.2
144.8
132.4
147.3
134.8
99.2
116.0




Mar.

Apr.

May

June

July

Aug.

Sept.

8.88
5.47
7.91
12.54
9.98
11.16
7.40
11.10
11.81
10.17
8.42
10.39

7.25
6.81
12.86
9.19
13.43
9.85
8.78
12.20
11.10
8.95
9.86
11.14

9.95
9.90
11.27
11.81
13.40
15.65
18.02
16.46
26.11
22.86
21.02
22.18
22.94
27.78
31.69
20.44
24.48
24.25
29.14
38.02

20. Contracts and orders for plant and equipment in 1982 dollars (bil. $)
8.81
7.94
7.41
7.66
5.64
6.22
5.70
6.20
9.73
9.39
11.25
13.87
17.72
11.65
11.11
10.70
9.31
10.54
10.78
9.72
8.21
10.21
10.66
8.47
7.62
8.21
7.83
8.17
11.12
11.01
10.51
11.59
12.23
12.35
11.80
11.59
10.65
10.10
9.82
10.02
8.49
8.96
8.60
9.88
10.66
10.86
11.06
9.81
10.79
10.80
10.44
10.52
10.50
10.07
9.93
10.49
10.67
11.25
11.77
11.28
11.24
11.07
11.21
12.13
13.40
12.16
12.02
12.35
13.52
14.94
14.04
14.55
14.19
15.77
15.56
15.14
15.69
15.08
18.72
18.34
17.88
19.13
17.90
16.04
16.53
17.18
16.90
17.49
21.38
19.86
19.64
22.40
22.77
25.89
24.55
23.08
22.91
22.64
20.34
20.13
19.45
20.39
19.09
20.84
21.63
23.51
19.05
21.17
22.57
25.07
21.52
24.19
22.61
28.07
29.33
28.59
29.37
29.39
29.68
31.53
28.61
32.75
28.85
23.41
23.74
22.28
24.15
24.46
22.01
25,67
27.37
23.71
24.27
26.72
28.68
28.32
25.46
28.06
31.72
28.99
29.39
31.85
32.57
35.58
31.67
33.33
34.07
31.86

31.32
30.77
27.79
23.94
31.48
35.29
34.33
36.26
41.87
48.93

30.17
32.42
26.58
25.91
30.58
31.62
33.34
38.59
44.99
50.81

10.64
10.50
11.13
12.72
14.40
16.41
19.62
17.06
20.89
25.47
19.84
22.47
25.74
29.07
29,02
20.84
26.02
30.22
34.04
33.40
29.82
28.20
24.30
28.82
31.63
36.46
34.51
40.06
44.51
48.69

8.03
6.34
7.95
12.47
10.06
10.25
7.25
11.84
11.50
11.46
8.35
11.60

104.0
86.8
159.1
104.5
105.6
111.6
105.8
129.3
109.8
91.7
87.2
125.0
89.8
94.0
106.7
113.9
118.8
109.6
111.8
83.7
120.0
126.0
99.2
154.2
181.4
177.7
124.1

61.2
100.3
143.1
145.3
138.9
79.8
95.6
72.0
119.2
137.6
137.7
141.9
135.9
121.6
100.2

26.31
29.61
24.03
26.41
33.88
32.77
33.38
39.90
42.03
47.61

28.40
30.05
23.68
26.88
31.90
34.38
34.32
40.27
46.23
49.13

29. Index of new private housing units authorized
103.1
116.5
106.7
96.7
104.2
106.4
160.7
161.9
161.3
96.9
96.9
99.3
101.2
101.6
103.5
106.4
103.5
106.3
116.9
106.9
108.8
126.2
133.6
132.9
100.1
101.9
109.5
92.5
86.7
90.5
96.2
102.7
91.9
119.4
117.4
115.5
90.1
95.6
99.0
94.2
96.6
100.7
107.4
108.5
116.2
122.2
121.8
116.6
117.6
115.8
114.5
112.4
105.2
109.3
86.6
103.7
97.7
102.5
90.8
94.3
114.0
112.8
113.7
116.5
118.3
126.3
115.8
116.5
107.3
166.8
172.9
153.0
188.1
178.1
184.3
166.4
176.7
164.5
93.6
98.1
108.1
78.8
81.5
74.6
102.9
102.4
97.6
151.0
143.8
143.1
157.4
160.2
142.7
136.0
132.5
129.0
90.3
69.6
65.3
94.8
78.8
96.1
77.0
73.8
71.7
134.8
142.9
126.5
144.7
138.8
141.6
136.8
136.3
132.7
142.7
148.2
143.3
121.4
119.6
127.7
118.4
115.2
114.0
107.8
105.5
108.1

30.07
29.99
24.71
25.69
33.27
34.04
33.81
42.92
46.84
51.40

29.28
28.94
22.96
26.84
31.10
34.21
33.85
40.29
50.30
48.58

by local building permits (1967=100)
102.2
84.8
94.9
136.2
110.2
112.3
182.8
158.2
133.8
122.2
92.9
94.8
107.9
107.7
115.5
98.4
94.6
100.0
119.9
118.9
121.9
126.7
122.2
120.4
99.4
97.0
94.5
92.1
92.4
86.2
111.9
111.7
114.5
109.5
112.6
113.7
93.9
92.6
93.5
103.2
101.9
109.0
111.9
112.9
115.0
128.0
119.6
118.6
114.5
118.1
118.3
112.0
111.1
113.1
84.4
79.4
70.2
112.1
103.2
107.8
128.4
117.9
118.9
112.0
115.4
110.7
116.1
122.2
125.0
181.4
175.0
175.7
189.2
195.1
206.2
156.8
155.9
146.9
86.4
72.4
79.0
87.9
85.7
91.7
107.3
127.6
112.9
145.4
153.4
144.3
144.3
136.6
141.4
123.9
128.5
132.3
101.7
110.4
119.9
68.4
75.5
71.8
84.3
74.8
84.2
138.4
145.0
128.0
128.0
122.0
121.5
135.3
144.2
152.8
141.9
137.6
134.4
120.9
120.7
120.5
114.8
116.4
114.5
102.2
106.4
104.5

Oct.

Nov.

Dec.

Annual

7.36
6.57
11.40
10.20
9.79
10.56
9.31
11.54
11.04
9.20
9.54
10.75
10.32
10.75
11.37
12.99
14.48
16.37
17.62
17.31
24.90
22.70
17.44
20.14
24.75
32.24
27.01
20.77
26.36
26.85
38.27
33.35

7.20
7.43
11.35
10.23
9.27
8.97
8.59
12.44
12.44
9.19
9.31
10.10

7.15
6.72
12.06
11.08
11.19
8.11
9.13
12.29
11.69
8.76
9.02
10.67

93.48
75,40
122.38
144.28
123.77
118.83
99.17
135.34
141.01
121.85
107.52
126.48

9.90
11.46
12.22
13.81
15.51
16.05
17.43
17.28
21.20
22.43
20.04
21.98
25.46
32.18
24.15
21.04
25.34
26.93
32.89
33.06

10.76
10.51
12.61
13.93
15.72
17.13
17.34
17.62
23.25
22.78
21.96
22.63
26.08
30.72
26.11

124.85
126.85
138.36
150.82
171.94
188.40^
217.73 x
200.93
264.82
283.96
245.70
257.63
282.69
350.40
350.53

19.63
25.48
30.50
30.16
33.33

265.55
296.98
326.84
379.94
406.74

30.43
28.24
24.46
30.17
32.06
36.18
34.64
41.16
44.58
47.13

29.26
27.40
23.48
27.98
32.42
32.86
35.84
40.36
45.46
49.27

30.93
26.23
24.93
27.98
31.54
36.52
37.40
43.06
49.14
54.16

361.00
351.90
309.53
317.50
380.75
411.30
414.17
474.73
544.45
592.58

89.4
135.6

86.2
141.9
123.6
90.9
117.2
100.1
135.9
107.5
93.7
88.5
134.1
100.7
92.1
108.3
116.2
122.9
113.5
118.3
66.6
113.7
125.9
104.4
131.7
182.2
192.6
120.8
67.5
95.6
132.0
152.7
145.0
103.1
111.7
60.4
99.3
134.7
131.0
134.9
131.1
116.2
120.3
108.8

82.8
146.7
158.6
94.2
108.3
102.4
132.1
107.0
92.8
89.3
115.8
108.2
89.3
109.2
116.2
128.8
105.3
119.1
67.2
115.3
121.8
101.3
154.9
186.9
208.5
111.0
74.9
94.0
130.2
151.2
146.9
101.3
100.9
64.3
109.1
131.4
129.7
143.1
151.8
107.3
119.7
112.9

98.4
111.6
153.6
103.9
108.4
103.2
116.3
125.9
100.7
89.9
104.5
113.5
94.4
100.4
111.7
120.3
116.3
112.3
88.3
100.2
118.2
116.4
118.1
167.4
192.2
157.2
92.2
80.9 K
111.8 ""
144.9
145.4
123.6
96.7
80.0
80.7
131.1
134.8
138.1
141.2
122.9
115.8
107.6

126.2
93.2
116.8
99.6
126.2
117.9
93.1
91.1
118.2
105.3
91.4
105.6
111.1
128.1
111.5
115.8
66.9
112.2
124.6
106.6
137.2
177.6
202.9
121.7
71.0
94.4
122.8
151.5
143.9
119.6
110.3
59.1
92.8
138.6
118.8
139.0
133.6
115.4
120.9
108.6

C-33

SURVEY OF CURRENT BUSINESS

October 1990

Historical Data for Selected Series—Continued
YEAR

Jan.

1948
1949
1950
1951
1952..
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
)65
1^66
1967,.
1968
1969
1970.
1971
1972
1973
1974
1975
1976..
1977
1978
1979
1980.
1981
1982
1983
1984.
1985
1986.
1987
1988
1989
1948
1949
1950.
1951
1952
1953
1954
1955
1956.
1957
1958
1959
I960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
>75
1976.......
1977
1978
1979
1980.
1981
1982
1983
1984
1985
1986.
1987
1988
1989

!!

Mar.

Feb.

Apr.

36.3
16.6
56.3
88.7
31.3
41.5
23.6
60.6
53.5
36.3
30.3
61.8
46.2
39.2
57.1
50.4
55.3
68.5
74.9
48.2
50.6
63.6
57.9
39.8
55.2
83.7
91.8
19.5
54.0
55.3
55.6
66.4
42.1
49.7
40.1
46.7
64.4
50.4
50.1
51.5
62.0
53.6

37.1
13.1
68.0
93.3
24.9
41.8
26.9
67.2
51.3
31.2
31.0
67,3
31.7
41.1
56.2
51.0
51.9
68,1
80.1
49.9
53.9
60.1
57.7
44.2
52.6
85.2
88.8
15.9
56.1
65.1
63.4
64.0
46.0
48.5
40.8
49.9
61.5
48.6
49.8
51.2
61.2
53.3

32.7
12.4
72.0
85.1
18,8
41.8
28.0
68.5
51.0
26.3
34.0
66.3
28.8
42.1
57.0
54.9
60.3
65.9
86.4
38.0
54.0
60.5
49.3
45.0
57.1
87.5
88.9
17.3
56.7
49.6
58.9
66.7
39.1
48.7
36.4
50.8
65.5
46.7
50.5
51.9
57.3
51.6

44,680
44,631
43,472
47,227
48,229
50,043
49,340
49,363
51,880
52,808
52,002
52,410
54,184
53,524
54,703
55,927
57,281
59,419
62,415
65,240
66,656
69,297
71,059
70,752
72,357
75,521
78,020
77,153
78317
80,527
84,478
88,711
90,784
90,927
90,391
88,807
92,572
96,391
98,786
100,778
103,924
107,430

44,492
44,399
43,175
47,519
48,491
50,271
49,270
49,523
52,096
53,000
51,448
52,558
54,406
53,373
54,996
56,039
57,621
59,710
62,766
65,224
67,026
69,575
71,201
70,689
72,542
75,923
78,181
76,743
78,614
80,783
84,800
88,955
90,889
90,987
90,391
88,715
93,068
96,503
98,872
100,982
104,356
107,648

44,615
44,169
43,816
47,700
48,450
50,360
49,081
49,867
52,141
53,052
51,131
52,863
54,348
53,462
55,109
56,157
57,686
59,921
63,129
65,305
67,156
69,803
71,363
70,766
72,850
76,168
78,184
76,429
78,828
81,228
85,339
89,406
90,970
91,085
90,264
88,919
93,355
96,840
98,946
101,216
104,626
107,811




May

June

July

Aug.

32. Vendor performance, slower deliveries diffusion index (percent)
40.4
38.4
41.6
31.2
36.8
22.4
16.2
15.0
33.0
15.5
89.4
68.8
82.9
76.5
81.7
45.0
36.7
32.2
32.0
65.7
19.4
22.4
33.0
47.4
41.2
38.6
35.1
33.3
26.5
28.5
36.4
30.3
35.8
34.3
38.1
71.9
68.7
65.7
67.0
64.3
51.0
38.6
41.0
53.9
46.8
28.9
30.0
30.0
36.8
30.8
39.2
35.5
38.5
43.0
44.7
57.4
63.0
63.7
64.8
59.1
28.9
34.8
38.0
32.3
35.8
49.3
49.4
50.6
47.5
47.9
47.4
45.2
43.3
43.7
45.1
56.4
58.2
56.3
43.6
48.5
61.4
57.6
61.8
66.2
57.7
65.4
69.4
68.9
69.3
65.1
79.3
71.6
74.6
74.3
73.1
34.4
44.8
36.9
36.5
40.9
49.4
49.0
49.9
55.9
47.8
67.0
65.7
70.3
63.9
64.9
46.1
48.7
67.2
66.1
49.8
49.4
47.9
47.4
48.9
49.7
56.1
57.7
62.9
55.0
61.7
85.6
85.2
86.7
86.6
86.7
69.2
82.1
66.3
74.5
73.1
35.1
21.7
22.7
24.9
28.7
55.2
57.3
58.3
58.6
54.0
55.4
54.6
53.3
58.3
53.5
59.4
57.4
61.1
60.6
57.1
61.4
57.4
75.6
63.7
52.9
32.4
40.1
36.9
29.8
36.3
47.9
49.6
51.2
50.2
44.9
38.2
42.1
45.2
45.8
45.3
56.8
60.2
52.7
51.9
58.9
56.2
55.2
64.6
59.1
62.5
46.1
48.0
47.1
45.7
46.6
49.9
50.2
49.9
50.8
50.7
56.8
52.8
54.0
60.3
58.9
58.4
57.4
58.6
65.6
56.9
47.6
52.6
44.6
49.5
46.3
44,334
44,057
44,238
47,849
48,476
50,367
48,984
50,106
52,302
53,029
50,787
53,190
54,561
53,485
55,384
56,398
57,846
60,080
63,318
65,373
67,422
69,980
71,283
70,969
73,079
76,308
78,239
76,333
79,142
81,615
86,064
89,356
90,747
91,175
90,028
89,244
93,722
97,017
99,128
101,567
104,860
107,988

41. Employees on nonagricultural payrolls (thous.)
44,863
45,059
45,052
44,615
43,582
43,490
43,806
43,415
44,589
44,953
45,361
46,035
47,803
47,915
47,806
47,923
48,478
48,130
47,992
48,687
50,272
50,386
50,343
50,385
48,810
48,644
48,857
48,689
50,414
50,705
50,823
50,905
52,454
51,764
52,387
52,396
52,961
52,999
52,970
52,918
50,760
50,822
51,118
50,915
53,382
53,603
53,683
53,230
54,292
54,230
54,198
54,366
53,664
53,922
54,052
54,232
55,514
55,563
55,663
55,796
56,534
56,832
56,571
56,705
57,974
58,128
58,309
58,510
60,389
60,590
60,868
61,072
63,989
63,595
64,166
64,306
65,642
65,478
65,816
65,933
67,519
67,779
67,979
68,189
70,478
70,742
70,197
70,629
70,998
70,750
70,888
70,927
71,129
71,136
71,169
71,168
73,346
73,639
73,576
73,908
76,743
76,473
76,713
77,009
78,492
78,381
78,443
78,511
76,470
76,640
77,034
76,400
79,188
79,264
79,469
79,591
81,984
82,392
82,954
82,743
86,396
86,833
87,060
87,319
89,985
89,671
90,088
90,148
90,269
89,931
89,670
89,933
91,151
91,328
91,467
91,415
90,006
89,769
89,272
89,435
90,404
89,558
89,970
90,065
94,432
94,039
94,760
94,988
97,814
97,283
97,413
97,608
99,149
99,253
99,460
99,616
101,774
101,953
102,308
102,535
105,052
105,489
105,902
105,735
108,364
108,135
108,490
108,628

Sept.

28.3
39.9
73.7
46.4
42.7
23.2
43.6
66.3
42.8
28.8
51.1
57.5
37.3
50.7
45.1
49.7
71.9
61.2
72.4
46.5
48.4
68.9
46.5
48.9
65.5
90.1
51.8
43.8
52.6
56.7
60.0
50.7
41.2
45.9
45.9
60,7
52.8
49.5
49.6
61.5
55.2
43.8
45,167
43,708
46,304
47,743
49,076
50,216
48,752
51,085
52,446
52,825
51,359
53,265
54,069
54,303
55,860
56,971
58,777
61,333
64,367
66,074
68,333
70,800
70,815
71,499
74,107
77,170
78,542
77,216
79,857
83,460
87,470
90,166
90,058
91,354
89,122
91,214
95,302
98,021
99,945
102,713
106,178
108,868

Oct.

Nov.

28.7
46.1
70.3
47.2
43.3
20.7
49.5
66.5
40.1
32.6
52.4
58.5
36.2
52.4
46.7
47.4
71.2
59.1
68.7
51.1
53.3
66.8
39.0
50.9
73.0.
88.7
45.3
44.8
49.0
53.6
64.7
46.9
46.5
37.7
46.5
62.8
49.3
50.0
51.3
62.2
54.8
42.9
45,084
42,823
46,530
47,833
49,436
50,114
48,828
51,308
52,667
52,673
51,379
53,203
53,982
54,375
55,919
57,148
58,658
61,538
64,614
66,091
68,569
70,957
70,383
71,485
74,537
77,506
78,599
77,479
79,847
83,659
87,788
90,356
90,350
91,259
88,836
91,457
95,594
98,240
100,179
103,259
106,458
108,980

Dec.

Annual

28.0
51.5
79.1
34.9
45.0
20.2
51,9
64.9
44.6
27.8
55.8
54.6
37.6
51.1
48.7
48.7
70.3
65.1
62.6
51.4
61.0
64.1
37.8
50.9
74.5
96.8
34.0
46.8
47.2
56.3
64.5
46.8
46.8
40.5
46.9
67.5
48.1
48.5
52.0
64.9
52.1
43.0

17.7
52.2
87.5
33.6
43.5
21.8
54.5
61.4
39.5
27.3
56.4
53.7
40.4
55.8
50.1
47.6
67.8
73.5
57.9
49.9
58.3
66.8
37.5
53.3
80.7
92.8
23.2
41.2
53.3
57.1
63.5
42.2
50.1
41.2
48.6
62.1
48.8
49.3
52.8
62.7
53.0
42.5

33.1
27.8
75.5
53.4
34.4
31.1
37.7
66.1
46.2
30.6
42.7
60.6
35.7
48.1
48.8
51.1
62.8
66.6
73.0
44.0
52.6
65.2
503
48.0
62.7
88.0
65.8
30.2
54.4
55.7
60.5
57.9
40.6
46.3
43.5
56.8
57.3
48.0
50.6
57.4
57.7
47.6

45,083
43,148
46,654
48,026
49,710
49,824
49,102
51,491
52,722
52,458
51,831
53,503
53,843
54,636
55,943
57,125
59,080
61,859
64,839
66,570
68,837
70,921
70,264
71,723
74,904
77,867
78,234
77,582
80,122
84,012
88,233
90,449
90,583
91,020
88,671
91,771
95,936
98,435
100,346
103,471
106,768
109,245

45,032
43,497
46,756
48,119
49,933
49,627
49,242
51,721
52,865
52,281
51,968
54,033
53,571
54,739
55,915
57,251
59,320
62,209
65,042
66,767
69,151
71,119
70,661
71,977
75,164
77,933
77,531
77,878
80,310
84,260
88,534
90,595
90,818
90,750
88,644
92,131
96,078
98,634
100,583
103,805
107,071
109,383

44,866
43,754
45,197
47,819
48,793
50,202
48,990
50,641
52,369
52,853
51,324
53,268
54,189
53,999
55,549
56,653
58,283
60,765
63,901
65,803
67,897
70,384
70,880
71,214
73,675
76,790
78,265
76,945
79,382
82,471
86,697
89,823
90,406
91,156
89,566
90,200
94,496
97,519
99,525
102,200
105,536
108,413

C-34

SURVEY OF CURRENT BUSINESS

October 1990

Historical Data for Selected Series—Continued
YEAR

Jan.

Feb.

Mar.

May

Apr.

June

July

Oct,

Sept.

Aug.

Nov.

Dec.

Annual

47. Index of industrial production (1987=100)

1948
1949

23.5
23.2

1950.
1951
1952
1953
1954
1955
1956
1957
1958
1959

22.9
28.1
28.4
31.4
29.6
31.6
35.1
36.0
33.0
36.0

I960
1961
1962
1963
1964
1965
1966
1967
1968
1969

39.6
36.3
40.4
42.5
45.5
49.6
54.4
57.6
59.4
62.6
62.1
61.5
65.6
71.8
73.0

1970
1971
1972
1973
1974
1975
1976
1977
1978
1979

23.3
22.5

23.3
22.4

23.7
22.1

24.0
22.0

24.0
22.0

23.9
22.2

23.7
22.4

23.9
21.6

23.6
22.2

23.4
22.6

23.6
22.3

23.8
28.4
28.6
31.8
29.5
32.7
34.8
36.3
31.9
37.2

24.6
28.5
28.4
32.0
29.3
33.1
35.1
35.8
31.4
38.0

25.2
28.4
28.1
32.2
29.5
33.7
34.8
35.7
31.7
38.6

25.9
28.2
27.8
32.0
29.6
33.7
34.5
35.8
32.6
38.6

26.7
27.8
27.4
32.4
29.6
34.0
33.4
36.0
33.0
37.7

27.6
27.5
29.2
32.2
29.6
33.9
34.8
36.0
33.7
36.4

27.4
27.7
30.2
31.6
29.6
34.1
35.6
35.7
34.0
36.4

38.9
36.4
41.3
43.2
45.8
50.6
55.5
56.6
59.8
63.5
62.0
61.3
66.5
72.8
73.0
64.1
70.9
76.6
80.0
86.1
86.2
85.7
83.7
81.3
91.9
94.1
94.6
98.2
103.9
107.7

38.6
37.2
41.4
43.6
46.5
50.8
55.5
57.2
59.9
63.2
61.9
61.6
67.6
73.0
72.9
64.7
71.2
77.7
82.0
85.2
84.5
85.0
83.2
82.3
92.4
94.5
94.8
98.3
104.3
108.6

38.5
37.7
41.3
44.1
46.8
51.2
56.1
56.7
60.6
63.0
61,8
61.9
67.5
73.4
73.8

38.1
38.3
41.2
44.3
46.9
51.6
56.3
56.7
60.8
63.6
61.6
62.2
67.7
73.9
74.0

37.9
38.7
41.6
44.1
47.2
52.1
56.6
56.5
60.7
63.9
61.7
62.0
67.6
74.4
73.6

37.9
39.1
41.7
44.2
47.5
52.3
56.7
57.6
60.9
64.1
61.6
61.7
68.5
74.3
73.4

37.5
39.0
41.9
44.6
47.7
52.4
57.2
57.5
61.1
64.1
61.2
62.7
69.2
74.9
73.7

27.6
27.7
30.5
31.3
30.0
34.7
35.9
35.1
34.4
36.1
37.4
39.8
42.0
44.9
47.0
52.9
57.6
58.0
61.2
64.1
60.0
63.1
70.2
75.2
73.2

27.5
27.9
31.1
30.6
30.5
34.8
35.6
34.3
35.4
36.3
36.9
40.4
42.2
45.1
48.5
53.2
57.2
58.8
62.0
63.5
59.6
63.4
71.1
75.2
71.1

28.0
28.1
31.3
29.8
30.9
34.9
36.1
33.7
35.5
38.6
36.2
40.7
42.2
45.1
49.1
53.8
57.3
59.5
62.2
63.3
61.0
64.1
71.7
74.0
68.1

25.8
28.0
29.1
31.6
29.9
33.7
35.1
35.6
33.3
37.3
38.1
38.4
41.6
44.0
47.0
51.1
56l
57.5
60.7
63.5
61.4
62.2
68.3
73.8
72.7

64.5
72.0
78.3
82.3
86.2
82.5
85.6
82.7
83.2
93.0
94.7
94.8
99.2
104.8
108.3

65.3
72.1
78.9
83.1
86.1
81.5
86.1
82.4
83.7
93.5
94.4
94.4
100.1
105.0
108.4

65.7
72.5
78.9
83.3
85.6
81.2
87.1
82.0
85.3
93.9
94.1
94.8
100.8
106.1
107.8

66.9
72.9
79.0
83.6
85.3
82.4
86.9
81.6
86.5
94.0
94.5
95.0
101.0
106.4
108.2

67.6
73.1
79.4
84.1
85.5
83.5
86.5
81.0
87.9
93.9
95.0
95.1
100.9
106.2
108.2

67.9
73.4
79.4
84.5
86.0
84.0
85.8
80.3
88.6
93.2
94.2
95.6
102.3
106.5
107.7

68.6
74.6
79.5
85.2
85.7
85.5
84.8
80.0
88.8
93.3
94.6
96.2
102.2
106.9
108.1

69.1
75.2
79.1
85i4
85.6
85.9
84.1
79.3
89.2
92.8
95.6
96.7
102.6
107.4
108.6

66.3
72.4
78.2
82.6
85.7
84.1
85.7
81.9
84.9
92.8
94.4
95.3
100.0
105.4
108.1

784.2
761.1

788.4
747.3
839.6
894.6
936.6
959.6
958.8
1,026.7
1,073.4
1,077.2
1,091.7
1,119.3
1,157.4
1,197.9
1,245.3
1,293.6
1,371.4
1,463.1
1,526.4
1,572.9
1,660.8
1,736.1
1,732.9
1,769.2
1,900.8
1,986.8
1,936.1
1,921.2
1,995.0
2,108.1
2,232.5
2,253.2
2,239.4
2,285.2
2,246.9
2,344.3
2,475.3
2,553.9
2,635.7
2,735.4
2,855.3
2,886.7

783.8
755.3
847.9
895.0
930.6
957.2
968.4

774.2
759.1

770.7
756.0

858.2
898.9
935.4
950.2
967.8
1,040.4
1,073.7
1,069.6
1,108.2
1,148.5
1,145.6
1,213.4
1,256.3
1,306.1
1,389.8
1,479.7
1,531.7
1,595.8
1,674.5
1,737.7
1,736.1
1,793.0
1,939.7
1,991.7
1,902.6
1,923.1
2,025.5
2,117.1
2,250.9
2,255.3

811.2
878.9
917.3
952.5
948.3
1,004.4
1,058.0
1,078.0
1,079.2
1,125.2
1,154.8
1,179.4
1,236.2
1,276.1
1,348.8
1,431.1
1,508.4
1,564.8
1,637.2
1,709.6
1,739.2
1,764.0
1,859.3
1,961.6
1,930.6
l,894.4f
1,981.5
2,069.9
2,191.3
2,252.9

2,269.8
2,268.3
2,259.2
2,383.3
2,517.2

2,232.8
2,275.0
2,260.9
2,301.2
2,454.2

2,588.3
2,663.7
2,772.6
2,844.2
2,905.5

2,540.1
2,627.6
2,688.8
2,803.7
2,886.1

23.5
22.9
23.0
28.3
28.5
31.6
29.7
32.0
34.8
36.3
32.3
36.7
39.2
36.2
41.1
42.9
45.8
49.9
54.7
57.0
59.6
63.0
62.1
61.3
66.0
72.8
72.7
65.3
71.1
75.9
79.0
85.8
86.2
85.4
84.2
80.7
90.9
93.8
95.5
97.6
103.5
107.6

749.4
759.9
770.8
850.5
903.2
943.6
945.2

756.7
761.7
783.0
861.7
905.0
951.8
939.3

1980...,
1981
1982
1983
1984
1985
1986
1987
1988
1989

66.3
69.9
75.5
78.8
85.1
85.9
85.2
82.4
80.8
91.0
93.1
96.1
96.5
103.5
107.7

1948
1949

753.8
763.0

1950
1951
1952
1953
1954

972.8
1,045.8
1,077.2
1,062.5
1,108.8
1,150.5
1,156.5
1,218.5
1,257.0
1,318.1
1,394.1
1,482.1
1,546.0
1,607.3
1,676.2
1,729.8
1,745.2
1,816.3
1,937.8
1,949.2

1975
1976
1977
1978
1979

774.7
850.3
890.1
938.1
946.7
971.0
1,040.6
1,070.1
1,065.4
1,106.0
1,154.0
1,155.3
1,208.6
1,252.0
1,304.9
1,390.4
1,480.1
1,541.6
1,592.5
1,670.1
1,735.0
1,747.7
1,804.6
1,931.8
1,969.3
1,883.8
1,940.9
2,027.6
2,119.4
2,246.1

1,873.1
1,953.6
2,029.2
2,131.5
2,257.5

978.5
1,047.5
1,078.4
1,066.0
1,115.0
1,153.4
1,157.8
1,225.2
1,261.7
1,325.0
1,397.7
1,488.2
1,549.3
1,612.4
1,688.6
1,738.8
1,753.3
1,824.2
1,938.1
1,928.1
1,873.7
1,957.8
2,038.2
2,154.5
2,263.7

1980.
1981
1982
1983
1984
1985
1986
1987
1988
1989

2,258.9
2,266.5
2,258.9
2,257.9
2,400.1
2,511.6
2,577.2
2,649.8
2,742.2
2,863.6

2,253.1
2,262.3
2,265.9
2,254.9
2,425.0
2,528.5
2,598.1
2,667.9
2,761.1
2,883.5

2,245.3
2,264.7
2,271.4
2,262.7
2,436.5
2,532.1
2,617.9
2,668.5
2,777.9
2,892.9

1955
1956
1957
1958
1959
I960
1961
1962
1963
1964
1965
1966
1967
1968
1969

.-.

1970
1971
1972
1973
1974

AR Annual rate




51. Personal income less transfer payments in 1982 dollars (AR, bil. $)
758.8
763.7
776.7
776.4
782.6
759.0
751.2
744.5
750.8
759.6
790.2
802.3
800.3
813.4
823.3
873.2
877.9
883.0
881.6
891.3
912.4
915.6
909.2
930.3
903.2
956.2
958.2
956.1
952.2
952.1
935.8
938.7
941.1
949.1
934.2
995.9
997.9
1,013.3
1,012.8
987.9
1,054.2
1,057.3
1,050.8
1,061.3
1,055.5
1,077.0
1,082.3
1,083.9
1,085.9
1,076.4
1,061.6
1,067.8
1,086.6
1,084.2
1,059.7
1,129.8
1,133.7
1,135.3
1,122.8
1,124.6
1,161.6
1,161.6
1,159.6
1,155.8
1,153.8
1,171.9
1,179.2
1,180.2
1,182.0
1,165.3
1,233.4
1,237.6
1,242.3
1,245.0
1,230.8
1,269.7
1,272.2
1,274.8
1,280.9
1,263.0
1,340.1
1,344.0
1,351.4
1,362.6
1,334.8
1,417.7
1,429.2
1,436.5
1,439.2
1,407.3
1,502.2
1,511.7
1,516.9
1,518.7
1,495.3
1,556.1
1,564.5
1,571.0
1,573.3
1,549.7
1,627.6
1,636.7
1,642.1
1,649.9
1,619.3
1,700.7
1,707.1
1,718.2
1,724.5
1,689.7
1,741.2
1,738.1
1,745.9
1,745.9
1,743.5
1,762.4
1,761.2
1,763.8
1,766.2
1,756.9
1,840.9
1,824.2
1,853.7
1,869.9
1,836.7
1,952.0
1,958.3
1,963.0
1,969.0
1,935.9
1,925.1
1,931.2
1,937.0
1,930.1
1,920.5
1,880.1
1,881.7
1,883.2
1,902.3
1,877.4
1,975.8
1,979.0
1,984.8
1,987.9
1,968.9
2,053.4
2,060.4
2,074.3
2,082.6
2,042.3
2,183.5
2,192.7
2,197.1
2,202.8
2,176.1
2,248.6
2,251.0
2,254.0
2,251.8
2,249.1
2,208.4
2,210.6
2,204.6
2,212.7
2,223.3
2,261.8
2,272.1
2,283.4
2,296.3
2,266.9
2,281.2
2,266.0
2,255.5
2,250.7
2,278.5
2,284.9
2,295.0
2,300.6
2,289.8
2,272.8
2,429.2
2,445.0
2,460.4
2,462.5
2,431.4
2,528.8
2,536.1
2,529.6
2,533.8
2,546.4
2,633.4
2,627.4
2,624.0
2,629.9
2,648.4
2,663.0
2,661.1
2,677.6
2,688.4
2,670.9
2,790.7
2,802.5
2,820.6
2,817.9
2,782.5
2,876.0
2,879.7
2,890.7
2,887.5
2,891.5

831.3
889.2
936.4
954.4
954.6
1,020.9
1,066.0
1,081.5
1,090.0
1,120.9
1,153.2
1,186.2
1,241.3
1,288.4
1,365.8
1,446.9
1,517.8
1,574.9
1,658.6
1,730.7
1,749.8
1,769.8
1,879.4
1,975.3
1,926.2
1,911.3
1,993.0
2,098.8
2,217.2
2,247.4
2,213.0
2,295.9
2,244.9
2,308.5
2,480.6
2,537.4
2,630.3
2,688.0
2,821.4
2,885.4

1,035.1
1,070.2
1,076.7
1,106.6
1,137.7
1,150.9
1,206.6
1,249.9
1,293.9
1,378.1
1,471.3
1,530.1
1,582.7
1,664.5
1,736.2
1,733.0
1,778.9
1,920.9
2,000.0
1,911.5
1,921.5
2,015.3
2,107.2
2,237.2
2,257.3
2,254.1
2,276.8
2,251.5
2,360.2
2,487.7
2,554.2
2,645.2
2,722.8
2,828.4
2,889.8

C-35

SURVEY OF CURRENT BUSINESS

October 1990

Historical Data for Selected Series—Continued
YEAR

Jan.

1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974.
1975
1976.
1977
1978
1979
1980.
1981
1982
1983
1984
1985
1986
1987.
1988
1989
1948
1949
1950.
1951
1952
1953
1954
1955..f
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966.
1967
1968.....
1969
1970
1971
1972
1973
1974
J975
1976
1977
1978
1979
1980.
1981
1982
1983
1984
1985
1986
1987
1988
1989

„

Feb.

Mar.

118,924
121,013
120,687
142,198
136,142
152,827
145 488
157,049
166,533
170,428
158693
169,171
180,310
170,170
186,103
191,644
204,401
219 001
235,004
240 683
253,268
262,817
266,193
266,503
286,021
319,753
322,233
299,329
311,859
331,852
341,965
369,985
374,948
371,021
345,082
347,982
387,583
399,978
413,598
424,537
453,699
476,823

118,996
120,815
123,195
138,477
137,586
155,029
147,132
158,363
165,217
171,009
155,964
171,759
179,488
170,652
186,279
194,672
204,416
219,720
235,261
240,103
252,367
263,351
266,117
268,370
283,333
320,695
321,221
297,819
313,590
334,565
349,152
367,923
371,095
368,785
352,372
346,283
387,461
400,835
410,794
439,060
456,902
471,436

119,844
120,363
124,852
136,274
136,861
156,707
146,316
161,580
165,835
169,829
153,627
173,787
178,579
173,582
188,810
194,784
203,875
224,425
239,082
241,224
254,702
264,881
263,077
269,566
288,408
318,570
324,631
289,129
315,999
337,868
351,317
377,061
362,046
366,140
353,461
351,439
387,669
403,446
409,980
438,802
463,150
470,054

37.0
38.3
37.2
38.3
41.8
42.7
44.6
42.9
43.2
45.3
47.9
46.4
45.8
48.3
46.8
46.8
45.8
45.2
45.0
46.7
47.7
49.6
53 3
53.9
53.0
54.5
59.2
67.4
70.4
71.5
76.8
81.6
88.1
97.0
104.0
102.9
100.2
103.6
102.0
102.3
100.1
100.9

36.5
38.7
37.3
38.9
41.9
42.6
44.4
43.1
43.3
45.1
48.0
46.2
46.4
48.6
46.6
46.5
46.1
45.2
45.6
46.8
48.1
49.5
53.1
54.1
53.7
54.9
59.6
67.8
69.6
72.5
77.9
81.9
88.1
96.0
101.5
102.9
100.7
102.4
102.2
101.1
100.3
101.7

37.2
38.1
36.8
39.5
42.1
43.0
44.5
42.8
43.8
45.2
48.5
45.9
46.9
48.3
46.7
46.4
46.3
45.1
45.5
47.1
48.2
49.7
53.7
54.2
53.9
55.1
59.7
69.3
70.5
72.5
78.6
82.3
88.8
96.8
101.9
102.1
100.3
103.6
104.4
101.3
101.6
102.6




Apr.

120,363
119,822
126,382
133,929
138,535
156,761
147,561
163,265
166,313
167,132
152,905
176,409
179,019
172,634
188,964
196,599
207,237
224,961
237,236
241,764
254,484
266,114
261,197
270,797
290,673
317,043
323,278
293,784
318,843
338,325
361,606
366,508
355,654
367,956
352,899
352,345
390,002
404,373
418,891
439,865
462,177
477,552

May

June

July

Aug.

57. Manufacturing and trade sales in 1982 dollars (mil. $)
121,524
118,975
120,450
121,772
117,977
120,160
120,918
117,611
144,990
147,142
129,523
134,883
134,090
131,396
134,722
135,103
139,960
140,207
137,249
140,302
154,172
156,365
156,071
153,131
144,989
146,839
146,406
145,466
163,966
163,981
164,506
163,836
159,202
165,746
166,531
164,539
166,504
166,792
167,466
167,925
153,507
157,981
160,762
156,375
178,349
178,588
178,056
172,146
175,671
174,732
176,665
176,526
175,237
176,266
180,432
178,415
188,743
187,945
188,693
190,027
199,862
195,246
196,939
198,699
211,734
209,468
212,403
208,897
227,599
223,579
222,586
226,309
236,400
238,940
237,516
239,017
245,094
242,231
241,778
242,180
261,421
255,811
258,318
257,298
265,628
265,576
266,838
268,281
265,304
264,302
265,068
264,040
276,032
274,561
272,757
272,723
294,426
299,442
292,158
293,360
319,434
315,042
315,838
315,125
324,071
324,245
322,973
319,951
293,427
295,918
298,738
300,772
318,089
321,512
322,575
321,723
337,305
340,383
342,373
341,778
361,130
359,825
361,847
365,883
376,904
372,211
372,562
371,425
349,992
348,292
355,814
354,293
364,925
365,087
365,205
364,703
350,522
354,879
350,178
347,423
357,366
365,534
366,117
366,994
395,640
392,783
397,269
394,596
407,591
402,722
402,576
409,798
416,004
419,559
418,320
421,178
442,315
444,483
447,425
449,510
467,474
463,430
465,216
467,602
475,910
474,372
470,181
484,980

62a. Index of labor cost per unit of output, manufacturing (1987=100)
37.2
37.2
36.8
36.9
37.8
38.2
38.0
38.3
38.2
37.7
36.6
36.4
36.7
36.0
35.9
40.2
40.4
40.7
41.3
41.8
42.2
42.1
42.6
42.7
42.3
43.0
42.9
42.9
43.0
42.7
44.2
43.8
44.5
44.0
44.0
42.4
42.5
42.5
42.5
42.9
44.4
45.9
43.7
44.0
45.0
45.6
45.9
45.5
45.5
45.8
47.2
48.6
47.9
47.0
46.9
45.8
46.6
45.6
45.5
47.3
47.4
47.6
47.1
47.3
47.3
47.2
47.8
47.7
46.9
46.8
47.2
47.6
47.1
47.1
47.0
46.2
45.8
45.6
45.7
46.0
46.0
45.9
46.1
46.0
46.1
44.4
44.8
44.8
44.7
44.6
45.8
45.6
45.8
45.7
46.2
46.8
47.3
47.7
47.1
47.6
48.6
48.5
48.8
49.0
49.0
50.0
50.6
50.6
50.8
51.2
53.6
53.5
53.4
53.6
53.8
54.1
54.1
54.2
54.0
54.7
53.4
54.1
53.8
53.9
53.9
55.6
55.6
55.5
55.8
55.8
61.7
60.3
60.5
60.8
62.0
69.4
69.0
68.7
68.9
69.0
70.8
70.7
71.0
71.0
71.4
74.1
72.6
73.4
72.9
74.2
77.4
77.7
77.9
78.5
78.7
85.2
83.5
83.2
84.0
85.6
92.7
94.2
90.5
93.9
94.3
98.0
98.6
98.2
98.1
99.3
102.8
102.8
103.0
102.5
103.1
102.0
101.5
101.5
101.1
100.2
100.4
100.8
100.3
100.6
100.9
101.4
102.6
101.8
102.3
102.3
102.8
103.0
102.7
102.6
102.6
98.4
100.3
99.8
98.7
99.3
101.2
100.8
100.7
100.7
100.6
101.4
102.1
101.0
101.1
101.9

Sept.

Oct.

Nov.

121,732
122,518
138,022
134,668
145,160
151,778
146,194
166,530
166,076
165,664
161,687
171,673
176,693
181,053
189,532
198,905
213,717
226,300
238,581
244,586
258,463
269,770
263,719
275,870
302,786
314,748
316,556
302,010
322,108
342,445
365,287
371,318
362,185
361,783
347,233
370,574
395,240
409,914
433,670
453,463
465,770
480,843

121,838
117,887
135,225
135,591
149,816
151,020
146,761
165,831
167,504
164,853
164,350
172,048
175,759
183,449
191,400
201,024
210,520
228,433
239,223
242,674
262,424
272,363
259,410
276,732
306,505
321,820
311,977
302,264
318,804
344,215
368,323
371,263
369,390
357,149
342,851
374,010
396,476
406,936
424,357
453,686
471,960
476,868

121,313
119,457
131,064
135,258
149,291
147,270
151,172
167,231
168,298
162,647
166,886
172,431
173,478
185,189
194,068
198,841
212,737
231,626
238,267
249,367
264,602
268,828
255,066
281,154
310,984
325,864
307,863
300,902
324,127
346,521
369,757
369,810
368,911
354,608
343,964
377,792
399,780
411,322
425,639
450,984
472,760
478,552

38.2
37.4
36.6
41.6
42.6
42.9
43.6
42.9
45.0
45.6
47.1
47.5
47.5
46.6
46.9
46.1
46.4
44.6
46.3
47.4
49.3
51.4
53.7
53.6
53.9
56.0
62.4
69.1
71.7
74.6
79.1
86.2
94.2
99.8
103.3
99.6
101.2
102.1
102.4
100.3
101.3
101.7

38.0
37.4
37.5
41.4
42.7
43.3
43.9
42.7
45.2
46.1
46.5
47.9
47.7
46.4
47.0
45.9
46.2
44.8
46.2
47.0
49.7
51.5
53.8
53.3
53.8
56.4
63.2
69.3
71.5
75.4
79.5
86.2
94.5
100.8
103.6
99.9
101.7
103.9
102.7
99.2
102.6
102.7

38.4
36.6
38.4
41.7
42.1
43.9
44.2
43.5
45.3
47.2
46.3
47.8
48.2
46.5
46.9
46.0
45.8
45.1
46.6
47.1
49.4
51.9
53.8
53.3
53.9
56.8
64.3
69.4
71.7
75.7
79.2
87.0
94.5
101.3
103.7
100.5
102.2
102.5
101.8
99.8
101.5
101.2

Dec.

Annual

122,186
118,438
138,427
133,950
151,984
144,725
154,744
167,504
169,945
158,962
162,305
177,213
173,835
185,952
190,801
203,233
219,532
232,436
239,320
254,505
262,358
268,492
263,400
283,107
315,510
321,157
297,563
304,130
333,797
350,556
371,137
368,721
368,715
350,559
343,007
385,300
401,156
410,011
434,296
453,524
475,685 '
477,581

1,447,917
1,436,979
1,594,392
1,625,656
1,703,093
1,835,856
1,769,068
1,963,642
1,991,739
1,999,211
1,905,042
2,091,630
2,120,755
2,133,031
2,271,365
2,370,448
2,518,937
2,706,975
2,853,847
2,926,189
3,095,516
3,202,939
3,156,893
3,288,172
3,563,606
3,825,089
3,816,562
3,578,222
3,843,026
4,088,186
4,327,229
4,455,691
4,341,335
4,357,921
4,183,871
4,361,736
4,725,655
4,869,502
5,046,286
5,337,654
5,585,825
5,715,152

38.2
37.1
38.2
42.1
42.5
44.6
43.6
42.9
45.5
47.4
46.5
46.2
48.2
46.2
46.9
46.3
45.6
45.0
46.5
47.1
49.7
52.4
53.7
53!8
54.0
58.3
66.4
69.7
71.7
76.3
80.5
87.9
95.5
102.1
104.7
101.2
103.1
103.1
101.0
99.9
100.9
101.6

37.4
37.8
37.0
40.7
42.3
43.1
44.1
42.8
44.5
45.8
47.4
46.6
47.3
47.3
47.0
46.1
46.0
44.9
45.9
47.1
48.8
50.8
53.6
53.9
53.8
55.9
61.7
68.9
71.0
73.8
78.5
84.6
92.4
98.8
103.1
101.3
101.0
102.6
102.5
100.0
101.0
101.7

C-36

SURVEY OF CURRENT BUSINESS

October 1990

Historical Data for Selected Series—Continued
YEAR

1948
1949
1950,
1951...
1952
1953
1954
1955
1956
1957
1958
1959
I960..
1961
1962.....
1963
1964
1965
1966
1967
1968
1969
1970.
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957.
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982...
1983
1984
1985
1986
1987
1988
1989

Jan.

;.

Mar.

Feb.

Apr.

21.7
3.2
3.3
3.2
-8.2
5.8
0
-17.7
8.7
-5.1
13.4
-2.6
-9.9
2.5
16.7
-2.5
-12.2
-10.0
0
5.3
16.4
-2.4
22.7
4.6
-16.5
H.7
20.2
19.6
12.7
-3.3
8.2
17.7
2.8
20.6
24.8
-18.8
-11.2
6.0
-12.1
16.6
2.4
0

-15.1
13.3
3.3
20.5
2.9
-2.8
-5.3
5.7
2.8
-5.2
2.5
-5.1
16.9
7.7
-5.0
-7.4
8.1
0
17.2
2.6
10.5
-2.4
-4.4
4.5
17.1
9.2
8.4
7.4
-12.8
18.1
18.6
4.5
0
-11.7
-25.3
0
6.2
-13.0
2.4
-13.2
2.4
9.9

25.6
-17.1
-15.0
20.2
5.9
11.9
2.7
-8.0
14.8
2.7
13.2
-7.5
13.7
-7.2
2.6
-2.6
5.3
-2.6
-2.6
8.0
2.5
5.0
14.4
2.2
4.6
4.5
2.0
30.0
16.7
0
11.3
6.0
10.0
10.5
4.8
-8.9
-4.7
15.0
29.1
2.4
16.7
11.2

12.4
4.9
-3.6
14.6
3.3
1.4
9.8
-4.0
4.0
3.0
11.9
-4.4
-1.6
4.5
-1.7
-1.5
.6
-4.0
2.5
3.4
.7
2.8
10.0
.2
-2.8
2.1
13.9
21.7
2.4
1.0
8.6
8.1
8.0
6.7
10.7
1.0
.2
6.3
.6
-1.7
2.3
-.2

10.0
5.3
-1.3
15.2
2.0
1.4
8.4
-4,2
4.0
.7
11.8
-3.8
-2.4
4.9
-.3
-2.5
1.0
-4.6
4.5
3.3
3.2
1.5
9.6
.9
-.8
4.0
15.6
22.0
1.6
2.7
10.0
9.2
6.6
5.3
7.4
-.3
1.1
4.3
-.2
-2.3
2.7
.5

10.6
2.5
-1.8
16.2
1.8
2.8
6.9
-4.9
5.4
-.4
11.9
-4.0
-.7
3.5
1.0
-3.1
1.7
-4.7
4.7
3.8
4.6
1.2
10.0
1.6
1.1
5.1
14.8
23.2
3.1
3.3
11.1
9.5
6.3
5.1
5.1
-2.3
.8
4.6
3.3
-1.9
4.8
2.3

May

July

Aug.

Sept

62b. Change in index of labor cost per unit of output, manufacturing (AR, percent)
0
-12.2
3.3
10.2
21.2
13.5
6.5
-3.1
0
-6.1
-9.1
-9.1
-6.4
-3.2
-3.2
-12.4
26.1
-3.3
6.1
23.5
9.3
19.2
15.5
-5.6
12.0
" 2.9
2.9
-15.6
5.9
8.9
0
2.8
-2.8
0
-8.1
5.8
0
-7.8
-5.3
-10.4
-5.3
5.6
-8.1
0
-2.8
0
2.9
11.9
8.6
-21.2
-2.7
11.5
49.0
0
8.2
-10.0
0
8.2
11.2
-5.1
-20.4
2.5
-16.0
5.2
-7.4
5.2
8.2
-2.6
-7.6
23.1
19.6
5.2
5.2
5.2
7.9
5.2
-4.9
-2.5
-11.9
-7.4
-2.5
-5.0
-2.5
-11.7
10.8
2.6
10.7
-11.9
-2.5
-2.5
-5.1
-14.5
2.7
13.9
-5.1
2.6
5.4
-2.6
-9.9
0
2.6
8.1
-7.7
-2.6
2.7
-10.2
5.5
0
8.2
5.4
-5.1
13.9
-2.6
2.6
-7.4
8.0
5.2
10.6
-2.5
-4.9
-2.4
10.4
7.7
5.0
0
7.6
15.4
7.5
0
4.8
9.9
4.8
-2.2
-4.4
4.6
0
4.6
-2.2
2.2
-2.2
-2.2
-2.2
16.7
-21.6
11.8
4.5
-10.6
-6.5
2.3
0
0
-2.1
0
4.4
6.7
11.4
4.1
12.7
6.1
19.3
6.0
8.0
7.2
-3.4
5.4
-5.1
-8.3
1.8
5.2
5.2
-1.7
5.2
0
7.0
8.5
12.1
5.1
1.6
6.7
1.7
-16.9
4.8
3.1
9.6
3.1
6.3
12.2
-4.2
19.0
18.6
5.8
8.7
33.4
16.7
25.6
3.9
1.3
-1.3
1.2
6.3
-4.8
6.2
15.9
14.3
0
2.4
3.6
7.3
1.2
2.4
-1.2
-5.7
0
-4.6
-10.2
-7.0
-1.2
-4.7
3.6
3.6
3.6
6.1
11.2
-19.0
-4.6
3.6
-3.5
-2.3
2.4
-3.4
-1.2
-18.8
2.4
-2.3
-5.8
-12.5
-3.6
12.8
-11.2
11.5
-10.1
0
6.1
-4.6
-2.4
8.7
-17.2
1.2
3.6
8.6
-2.3
-2.3
62. Change in index of labor cost per unit of output, manufacturing, smoothed (AR, percent) t
3.6
9.6
6.0
3.1
5.2
7.5
1.4
.1
-.6
-3.4
-5.2
-1.8
-3.4
-2.2
-2.6
-5.0
-5.8
-1.9
15.7
12.2
17.8
17.1
15.3
15.1
3.2
1.8
1.8
1.1
1.7
3.9
.1
2.4
2.5
1.9
.3
2.9
-.4
2.2
-2.6
5.0
-2.8
-3.9
-5.4
-5.7
-4.9
-3.5
-.6
1.1
5.5
6.5
12.8
11.9
9.8
5.1
1.4
.6
2.1
1.4
.8
.9
6.5
.3
-2.6
-5.0
-5.0
10.7
9.4
-4.6
1.5
6.6
-2.9
-4.5
3.0
2.7
2.7
4.3
4.0
1.1
-1.5
-6.1
-6.8
.6
-4.1
-6.9
4.1
4.2
.8
3.0
5.7
2.5
-5.6
.1
-5.0
-6.1
-2.7
-1.3
-.1
.1
.6
.2
.6
1.3
-4.0
-4.2
-5.2
-5.1
-3.0
-1.9
2.7
3.5
5.3
4.3
3.8
3.9
4.1
2.7
3.0
4.3
2.8
2.6
6.1
6.0
6.2
6.0
5.0
5.1
4.1
4.8
5.3
6.1
6.5
1.9
4.3
2.8
5.9
2.2
1.2
8.3
—^j
1.4
1.4
1.0
.3
2.1
3.0
2.3
.7
1.9
L5
1.9
6.7
5.5
5.0
6.7
4.0
3.5
10.4
9.4
14.1
12.3
10.5
10.0
16.6
11.1
6.0
2.9
20.1
1.0
4.1
4.2
4.2
3.7
3.8
4.1
3.7
4.5
6.0
3.4
6.3
6.5
5.7
4.0
3.8
7.9
3.5
3.8
10.4
10.4
9.7
9.3
10.9
10.1
13.4
16.6
16.8
14.8
8.6
11.5
5.4
6.6
6.6
5.1
6.5
5.7
3.4
4.1
2.6
2.0
1.6
1.5
-4.2
-4.2
-4.2
-5.0
-3.3
-5.8
1.4
.4
.9
.3
.9
1.6
-.2
-1.0
-.9
-.3
-.6
1.6
2.4
.8
1.6
0
1.9
-.7
-4.0
-3.0
-5.7
-6.5
-4.5
-1.0
3.0
2.8
1.7
.5
4.0
.9
.8
0
0
1.3
1.0
1.1

t Data are smoothed by an autoregressive-moving-average filter developed by Statistics Canada.
AR Annual rate




June

Oct.

Nov.

Dec.

Annual

-6.1
0
33.8
-5.6
2.9
11.8
8.6
-5.5
5.5
14.0
-14.3
10.6
5.2
-5.0
2.6
-5.1
-5.1
5.5
-2.6
-9.7
10.2
2.4
2.3
-6.5
-2.2
8.9
16.5
3.5
-3.3
13.7
6.2
0
3.9
12.7
3.5
3.7
6.1
23.3
3.6
-12.4
16.5
12.5

13.4
-22.9
32.9
9.1
-15.6
18.0
8.5
25.0
2.7
32.7
-5.0
-2.5
13.3
2.6
-2.5
2.6
-9.9
8.3
10.9
2.6
-7.0
9.7
0
0
2.3
8.9
23.0
1.7
3.4
4.9
-4.4
11.7
0
6.1
1.2
7.5
6.1
-15.0
-10.0
7.5
-12.1
-16.2

-6.1
17.7
-6.1
12.1
12.0
20.9
-15.1
-15.4
5.4
5.2
5.3
-33.5
0
-7.5
0
8.1
-5.1
-2.6
-2.5
0
7.5
12.2
-2.2
11.9
2.2
36.7
47.1
5.3
0
9.9
21.6
13.1
13.5
9.9
12.2
8.7
11.1
7.3
-9.0
1.2
-6.9
4.8

5.8
-2.2
4.2
10.6
1.4
5.3
-2.0
-1.0
7.1
4.7
-1.3
.4
4.6
-4.0
1.8
-1.0
-1.3
-1.1
3.6
1.5
5.7
5.6
2.8
.6
.8
8.4
14.4
5.4
3.1
6.6
6.0
9.4
9.2
7.3
3.2
-3.0
2.0
.8
-1.4
-.6
1.4
1.2

7.1
-5.5
5.1
8.1
2.2
1.6
-2.9
1.3
8.0
2.4
-6.2
11.2
2.8
-6.8
0
.1
1.1
-3
3.2
.3
5.6
6.1
.8
-2.2
.7
3.9
10.0
.2
3.3
7.6
4,2
8.6
8.5
6.8
1.7
-4.9
2.6
2.5
-.6
-.5
3.3
2.3

7.7
-8.0
13.0
5.9
.1
4.7
-.8
4.5
6.2
7.3
-6.8
10.4
4.3
-5.4
-.8
.5
-.4
1.8
3.9
-.8
4.2
6.4
.4
-3.1
.4
4.8
12.1
-.1
2.8
7.9
3.4
8.2
5.6
7.4
1,7
-2.8
3.6
1.9
-1.8
.9
2.6
.6

6.2
-6.1
15:0
5.4
.5
8.6
-1.5
3.8
5.1
9.9
-5.5
4.0
4.6
-4.9
-1.1
1.8
-2.0
2.5
3.4
-1.4
3.9
7.3
-.1
-1.7
.5
9.6
18.0
.5
2.1
8.3
5.3
8.6
5.0
8.1
3.2
0
5.2
2.3
-3.4
1.7
.9
.2

7.4
-1.4
.5
13.2
2.0
2.6
1.4
-1.9
7.0
2.5
1.8
1.6
2.1
-2.4
1.4
-2.1
.4
-2.7
3.8
2.3
4.7
4.5
4.6
.2
.9
5.1
12.6
10.4
3.3
5.1
$.9
9.4
10.1
6.3
3.8
-3.0
1.6
1.7
.3
-2.4
2.5
.8

C-37

SURVEY OF CURRENT BUSINESS

October 1990

Historical Data for Selected Series—Continued
YEAR

1948
1949
1950.
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
1962
1963

1.44
1.51
1.48
1.40
1.64
1.55
1.64
1.47
1.45
1.49
1.58
1.48
1.47
1.57
1.47
1.49
1.46
1.43
1.41
1.53
1.52
1.53
1.58
1.61
1.55
1.44
1.51
1.71
1.60
1.58
1.61
1.57
1.58
1.60
1.73
1.66
1.52
1.58
1.55
1.52
1.48
1.45

„.

1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979.
1980
1981
1982
1983
1984...
1985
1986
1987
1988
1989

Mar.

Feb.

Jan.

1.45
1.52
1.45
1.44
1.62
1.53
1.61
1.46
1.48
1.49
1.60
1.46
1.49
1.56
1.48
1.47
1.46
1.43
1.43
1.54
1.53
1.54
1.59
1.61
1.56
1.44
1.52
1.71
1.59
1.57
1.58
1.59
1.59
1.61
1.69
1.67
1.53
1.58
1.56
1.47
1.47
1,47

Apr.

1.45
1.52
1.44
1.48
1.63
1.52
1.62
1.44
1.47
1.50
1.62
1.45
1.51
1.53
1.46
L47
1.47
1.41
1.42
1.54
1.52
1.54
1.61
1.61
1.54
1.46
1.51
1.75
1.59
1.56
1.58
1.55
1.63
1.62
1.69
1.63
1.54
1.57
1.58
1.48
1.46
1.47

May

June

Aug.

July

77. Ratio, manufacturing and trade inventories
1.45
1.47
1.47
1.52
1.55
1.51
1.43
1.41
1.36
1.53
1.55
1.58
1.61
1.59
1.60
1.53
1.54
1.57
1.60
1.62
1.59
1.42
1.43
1.44
1.48
1.50
1.50
1.52
1.53
1.52
1.62
1.61
1.58
1.45
1.44
1.45
1.50
1.53
1.53
1.54
1.52
1.49
1.46
1.47
1.49
1.46
1.48
1.47
1.45
1.44
1.45
1.41
1.44
1.44
1.43
1.45
1.45
1.54
1.55
1.54
1.53
1.53
1.52
1.53
1.54
1.55
1.63
1.60
1.60
1.61
1.60
1.58
1.53
1.53
1.53
1.47
1.48
1.50
1.52
1.53
1.55
1.72
1.71
1.69
1.58
1.59
1.58
1.56
1.57
1.56
1.55
1.56
1.56
1.60
1.56
1.59
1.68
1.71
1.71
1.61
1.63
1.64
1.69
1.67
1.70
1.63
1.61
1.57
1.55
1.55
1.54
1.57
1.55
1.57
1.55
1.55
1.54
1.47
1.47
1.47
1.46
1.46
1.45
1.45
1.46
1.47

Sept.

to sales in 1982 dollars (ratio)
1.48
1.48
1.48
1.55
1.52
1.50
1.25
1.26
1.36
1.63
1.60
1.61
1.63
1.59
1.56
1.56
1.59
1.60
1.59
1.59
1.58
1.44
1.46
1.43
1.57
1.53
1.52
1.53
1.53
1.56
1.56
1.53
1.53
1.46
1.51
1.51
1.54
1.55
1.54
1.51
1.48
1.49
1.48
1.48
1.49
1.46
1.47
1.48
1.42
1.44
1.43
1.42
1.44
1.44
1.47
1.48
1.49
1.55
1.55
1.55
1.51
1.55
1.54
1.55
1.55
1.54
1.61
1.63
1.63
1.59
1.61
1.60
1.52
1.51
1.50
1.49
1.50
1.51
1.55
1.56
1.59
1.67
1.66
1.65
1.59
1.59
1.60
1.56
1.57
1.58
1.57
1.55
1.56
1.60
1.59
1.59
1.68
1.67
1.64
1.64
1.64
1.66
1.70
1.71
1.71
1.57
1.57
1.56
1.56
1.57
1.58
1.58
1.55
1.55
1.55
1.54
1.49
1.46
1.45
1.45
1.46
1.46
1.47
1.48
1.44
1.45

Oct.

Nov.

1.48
1.55
1.40
1.61
1.53
1.60
1.57
1.44
1.51
1.55
1.51
1.51
1.54
1.47
1.48
1.47
1.45
1.43
1.50
1.56
1.53
1.54
1.65
1.60
1.49
1.48
1.62
1.65
1.63
1.57
1.55
1.59
1.60
1.68
1.72
1.55
1.58
1.56
1.52
1.46
1.45
1.47

1.49
1.51
1.47
1.63
1.54
1.63
1.52
1.43
1.51
1.57
1.49
1.51
1.56
1.46
1.46
1.49
1.45
1.42
1.52
1.53
1.52
1.56
1.68
1.57
1.47
1.47
1.65
1.65
1.60
1.57
1.55
1.60
1.60
1.70
1.70
1.54
1.58
1.55
1.51
1.48
1.45
1.47

Dec.

1.47
1.51
1.40
1.65
1.52
1.65
1.49
1.44
1.49
1.60
1.54
1.48
1.54
1.46
1.49
1.45
1.41
1.42
1.52
1.51
1.53
1.57
1.62
1.56
1.45
1.51
1.72
1.63
1.56
1.56
1.56
1.60
1.60
1.72
1.70
1.52
1.57
1.56
1.48
1.48
1.45
1.47

Annual

1.47
1.52
1.39
1.56
1.59
1.57
1.58
1.44
1.50
1.53
1.56
1.48
1.52
1.51
1.48
1.47
1.44
1.43
1.46
1.54
1.53
1.54
1.62
1.60
1.52
1.48
1.57
1.68
1.59
1.57
1.56
1.59
1.64
1.65
1.70
1.59
1.56
1.56
1.54
1.47
1.46
1.46

83. Index of consumer expectations, NSA (1966:1=100) © '

1948
1949
1950..
1951
1952
1953
1954

..

95.5
85.3

86.1
99.9
103.3
96.2
82.9
97.5
98.6
98.1
96.5
94.1
97.2

1955 .
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966.
1967
1968
1969
1970
1971
1972
1973

ZZZZZ

1975
1976 . . .
1977
1978.... . ..
1979
1980
1981
1982
1983
1984
1985

1987."!!!!!!!!!!!."!!!
1988
1989

75.7
58.4
54.1
67.2
62.9
65.2
97.0
90.3
85.3
80.9
80.9
89.9

104.6
94.9
103.4
99.9
99.4
103.0
100.0
96.4
94.3
98.0
75.8
75.9
90.9
73.3
49.4
50.0
81.2
84.2
77.2
62.2
54.9
61.4
58.7
71.2
93.2
86.5
87.8
81.6
81.9
88.8

•-

•.

'

ZZZZZ!

69.5
53.7
44.3
61.4
53.1
80.9
97.7
87.3
86.9
83.3
85.2
87.6

71.1
53.3
44.4
68.1
61.1
86.9
91.4
87.0
88.5
84.7
82.4
83.2

96.0
94.3
89.9
91.1 ZZZZZ
71.2
75.9
82,2
67.3
63.9
69.8
79.5
83.6
73.0
68.1
54.9
51.4
45.3
53.0
72.9
70.5
62.0
60.1
93.4
89.2
90.6
89.8
84.2
91.1
87.5
90.3
80.6
80.8
87.3
85.7
80.1
82.0

92 4
83 9
897
103.8
1052
86.3
94 1
95.8
934
96 8 . .
992
97.0

105.2

97.5
98.5
93.4
97.0

72.0
44.2
53.4
66.4
57.6
91.1
91.9
87.4
88.5
83.3
82.3
85.5

104.3
90.7
95.5
89.6
86.6
75.7
78.4
91.3
63.0
57.6
70.7
85.5
81.5
67.0
49.3
59.6
70.1
60.9
88.2
93.7
86.3
85.9
85.8
88.8
80.3

69.8
53.6
67.2
68.3
66.9
85.8
96.4
84.2
81.3
84.2
89.5
88.6

71.7
49.5
68.9
61.5
70.4
86.1
91.6
80.8
87.1
80.4
87.0
87.2

1073
902
91.1
91 6
796
71.3
772
878
67 1
51 2
699
859
759 ... . ..
62.8
53.8
52.0
51.5
76.2
59.7
55.6
56.8
71.0
67.9
87.9
91.0
91.5
87.9
84.5
88.1
81.6
78.3
72.7
76.7
86.3
85.5
84.3
85.5

1. Copyrighted. This series may not be reproduced without written permission from the University of Michigan, Survey Research Center, P.O. Box 1248, Ann Arbor, MI 48106-1248.
NSA Not seasonally adjusted




.....

69.3
52.8
56.8
65.0
62.7
84.7
92.7
86.5
85.8
81.2
85.2
85.2

C-38

SURVEY OF CURRENT BUSINESS

October 1990

Historical Data for Selected Series—Continued
YEAR

1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989

Jan.

.

„

Feb.

Mar.

Apr.

8.9
8.2
11.3
10.6
9.3
9.3
8.7
13.4
11.7
10.4
10.5
16.3
13.5
13.7
15.3
13.8
13.5
12.2
11.9
9.3
9.4
8.1
79
10.5
12.1
H.O
9.5
10.7
16.6
15.2
12.9
11.1
10.4
14.3
13 4
19.4
20.4
159
14.9
14.9
14 2
12.6

8.4
8.3
11.8
10.8
8.8
8.4.
9.5
14.2
12.5
10.7
11.0
15.5
13.1
13.6
16.0
14.1
13.2
12.6
11.2
9.2
8.7
7.9
8.0
10.4
12.4
10.5
9.6
11.7
16.3
14.7
12.5
11.2
10.6
14.1
14.1
19.2
19.0
15.9
15.2
14.7
14.3
12.3

8.7
8.3
12.4
10.1
8.4
8.5
10.6
13.4
11.6
10.8
11.2
15.3
13.0
14.1
15.0
14.5
13.5
12.0
11.1
8.9
8.5
7.9
8.3
10.6
12.3
10.6
9.7
11.8
16.5
14.5
12.4
11.7
11.0
14.0
14.1
19.4
19.1
16.1
14.6
14.9
13.7
12.4

129,601
105,029
85,249
156,483
234,385
271,558
199,227
161,505
190,563
198,831
140,398
134,708
140,466
125,033
132,886
139,045
154,842
188,668
225,930
266,561
277,834
283,005
282,425
252,437
241,712
268,879
334,273
315,481
269,356
268,887
285,347
337,108
354,926
344,262
327,929
303,336
327,191
343,440
346,447
339,264
364,562
390,655

127,653
101,541
86,403
166,891
234,363
273,117
193,238
163,115
190,696
198,781
136,549
138,646
137,908
125,545
134,757
142,162
156,964
192,132
231,279
266,590
277,780
283,260
278,265
254,595
242,150
274,733
337,958
309,261
266,890
266,863
287,585
344,138
355,582
341,068
325,463
301,066
331,418
343,346
347,756
338,097
367,136
391,711

125,846
97,615
88,113
178,845
241,586
269,185
184,387
167,273
191,405
195,464
135,006
141,315
133,822
124,629
133,329
146,682
159,286
194,618
237,643
265,373
281,398
284,484
275,289
253,922
242,593
283,467
339,010
301,291
268,021
266,916
292,759
350,057
349,880
340,662
324,987
301,458
339,732
341,550
351,718
338,882
365,128
394,266




May

8.5
8.8
12.6
10.6
9.0
7.8
10.9
14.3
11.0
10.6
12.1
14.9
12.6
15.5
14.9
14.5
12.4
11,4
10.8
8.8
8.7
7.9
8.2
10.9
12.4
10.0
9.8
12.9
15.9
14.4
12.3
11.0
11.4
13.9
14.5
19.5
18.9
16.4
14.7
14.9
13.4
12.6

June

July

Aug.

91. Average duration of unemployment in weeks (weeks)
9.1
8.8
8.8
8.6
9.1
10.0
10.8
11.0
12.2
12.7
13.1
12.5
9.9
9.2
8.7
9.1
7.8
7.6
7.3
7.5
8.0
7.9
8.2
7.9
12.8
12.3
12.5
11.6
14.4
13.4
12.3
13.8
10.4
10.1
12.0
10.5
10.4
10.2
10.5
10.1
14.4
13.1
14.6
15.7
13.7
14.7
14.9
14.3
12.2
11.9
11.9
12.6
16.2
17.0
15.6
17.3
15.5
15.1
14.6
14.5
14.0
14.0
13.9
14.5
13.6
13.6
14.7
13.0
11.9
11.1
11.6
11.6
10.2
9.8
9.7
9.7
8.7
8.3
8.3
8.9
8.2
8.4
7.9
8.3
7.9
7.7
7.8
7.9
8.8
8.6
8.6
8.9
11.2
11.5
11.5
11.6
12.4
11.8
12.3
11.8
10.1
9.8
9.6
9.6
9.8
9.7
9.9
9.6
13.4
15.0
15.6
15.3
15.6
15.0
16.9
15.7
14.4
14.9
14.3
13.9
12.1
12.1
12.0
11.4
10.4
11.1
10.6
10.3
12.4
10.9
11.3
11.8
14.4
13.6
13.7
13.8
16.2
14.9
15.7
15.4
20.8
21.2
20.5
20.0
18.8
18.0
18.1
17.3
15.3
15.5
15.3
15.5
15.2
15.2
14.7
15.5
14.2
14.4
14.9
15.0
13.8
13.3
13.5
13.6
11.4
11.9
11.2
11.9

Nov.

Oct.

Sept.

Dec.

Annual

8.5
11.7
12.2
9.1
8.1
7.1
12.9
11.7
11.8
9.8
16.5
13.7
12.9
16.1
14.1
14.2
12.7
11.9
10.1
8.4
8.2
8.0
8.9
11.9
12.1
9.4
9.6
16.1
15.2
14.0
11.4
10.5
12.9
13.6
16.6
20.2
17.0
15.3
15.4
14.2
13.5
11.5

9.5
10.9
12.3
8.9
9.1
7.2
13.3
11.5
11.6
11.1
16.5
12.9
13.5.
15.9
14.1
13.9
12.6
12.1
10.3
8.7
8.4
7.6
8.7
12.6
11.7
10.2
9.9
15.4
15.2
13.7
11.7
10.5
13.1
13.5
17.2
20.2
16.7
15.3
15.1
14.0
13.3
11.7

7.8
11.6
10.7
9.7
9.5
7.9
13.2
11.3
10.9
10.4
16.4
13.1
13.9
17.0
13.3
13.3
14.0
11.7
9.7
8.9
8.1
8.0
9.3
12.0
11.4
9.9
9.6
16.6
15.3
13.6
11.1
10.6
13.6
13.1
17.1
19.7
17.0
15.7
15.0
14.0
12.5
11.6

8.1
11.8
10.7
9.3
8.8
8.0
13.4
12.0
11.4
10.4
15.7
13.1
12.4
15.8
13.6
13.3
12.7
11.4
9.5
8.6
8.2
8.0
9.8
11.5
11.4
9.5
10.1
16.5
15.1
13.6
10.6
10.8
13.7
13.1
18.1
19.2
16.8
15.1
15.0
14.2
12.8
11.5

8.6
10.0
12.1
9.7
8.4
8.0
11.8
13.0
11.3
10.5
13.9
14.4
12.8
15.6
14.7
14.0
13.3
ll.fr
10.4
8.7
8.4
7.8
8.6
11.3
12.0
10.0
9.8
14.2
15.8
14.3
11.9
10.8
11.9
13.7
15.6
20.0
18.2
15.6
15.0
14.5
13.5
11.9

92a. Manufacturers' unfilled orders in 1982 dollars, durable goods industruis (Ml. $)
124,317
124,654
124,776
122,705
125,355
121,915
83,045
79,740
78,382
92,295
87,775
77,475
93,892
91,062
102,716
89,657
117,370
125,230
198,524
207,281
215,482
190,346
219,007
221,938
249,420
259,358
265,934
268,314
270,422
249,568
242,752
266,351
265,065
262,209
253,427
228,757
171,553
165,039
160,841
177,915
156,778
157,813
169,879
172,093
173,759
167,934
169,143
175,997
194,255
203,862
194,659
198,389
204,875
194,147
189,601
185,728
179,830
174,583
169,702
192,171
132,494
131,393
132,058
132,479
131,698
132,427
141,546
140,944
141,254
141,033
144,398
142,440
128,846
128,071
127,172
128,513
129,836
130,651
125,904
125,641
126,752
128,045
128,868
125,171
129,329
129,431
128,171
129,817
130,991
129,811
150,616
150,491
151,027
150,601
151,809
148,498
167,778
172,476
161,332
164,697
174,269
177,678
199,249
201,938
203,649
205,839
209,370
196,657
251,138
257,871
263,932
246,390
254,783
242,739
268,819
273,263
274,268
274,508
274,608
265,831
279,784
275,932
281,501
278,651
274,668
278,386
289,092
290,398
290,340
289,467
288,817
290,099
268,439
265,705
257,090
255,399
272,063
261,857
239,411
242,517
239,524
251,337
247,039
239,400
245,886
244,149
247,346
248,479
241,723
253,425
296,604
289,382
293,107
298,600
304,149
310,288
342,857
346,576
346,970
345,166
348,083
345,299
286,434
291,145
286,855
284,506
295,027
282,593
268,029
268,250
267,911
267,048
267,358
269,923
271,874
268,834
268,740
272,943
275,175
276,709
311,534
318,114
295,966
301,013
304,953
308,080
352,884
352,917
355,173
354,787
353,602
355,440
340,802
346,079
342,200
344,417
342,639
344,302
338,297
340,838
337,867
335,032
340,899
333,818
319,222
314,502
304,984
324,237
310,605
302,295
305,739
307,161
302,685
308,084
301,536
311,208
341,082
340,356
342,587
343,712
344,039
343,460
342,222
339,868
339,225
342,160
342,831
345,339
347,564
344,466
341,631
349,737
344,020
342,873
346,974
350,552
343,083
355,452
357,492
357,374
368,321
367,888
374,480
375,795
378,815
378,618
398,072
397,872
400,440
400,552
403,249
401,595

116,539
79,205
131,582
228,434
267,402
220,608
162,426
179,764
202,420
163,319
131,611
146,813
127,354
128,603
131,240
151,991
181,192
213,198
265,259
276,651
281,679
289,062
251,485
238,461
255,624
317,250
336,891
279,503
268,661
279,618
324,993
356,436
345,505
329,751
301,588
318,047
340,691
345,693
342,147
359,451
381,094
402,621

113,554
81,345
134,429
231,415
266,025
214,819
159,553
181,829
201,290
158,871
133,561
146,745
126,931
129,582
131,632
152,606
183,268
217,070
266,605
277,150
282,113
287,618
250,397
240,156
257,890
323,837
330,791
277,418
267,743
280,788
332,298
354,525
344,953
326,462
298,773
322,908
341,991
343,305
343,388
361,151
382,185
406,439

109,543
82,793
137,345
232,212
265,255
207,933
159,331
186,847
200,251
154,454
132,900
145,047
125,660
131,674
136,257
151,661
185,732
221,297
267,489
279,378
283,289
285,990
249,548
241,416
263,736
328,642
322,619
273,565
268,757
285,238
335,367
352,844
345,301
321,640
301,079
324,653
341,159
344,646
342,923
361,987
388,101
413,899

109,543
82,793
137,345
232,212
265,255
207,933
159,331
186,847
200,251
154,454
132,900
145,047
125,660
131,674
136,257
151,661
185,732
221,297
267,489
279,378
283,289
285,990
249,548
241,416
263,736
328,642
322,619
273,565
268,757
285,238
335,367
352,844
345,301
321,640
301,079
324,653
341,159
344,646
342,923
361,987
388,101
413,899

C-39

SURVEY OF CURRENT BUSINESS

October 1990

Historical Data for Selected Series—Continued
Mar.

YEAR

Apr.

May

July

June

Aug.

Sept.

Nov.

Oct.

Dec.

Annual

92b. Change in manufacturers' unfilled orders in 1982 dollars, durable goods industries (bil. $)
-2.10
-4.51
2.46
19.14
2.17
6.30
-8.71
2.17
3.72
-1.42
-14.06
1.81

-1.95
-3.49
1.15
10.41
-.02
1.56
-5.99
1.61
.13
-.05
-3.85
3.94

-1.81
-3.93
1.71
11.95
7.22
-3.93
-8.85
4.16
.71
-3.32
-1.54
2.67

-1.07
-5.32
1.54
11.50
7.98
-2.83
-6.47
.66
2.74
-3.29
-2.58
1.12

-2.07
-4.52
1.41
8.18
-.15
-1.29
-6.36
1.21
.51
-2.57
-1.03
-1.19

1.61
-4.73
2.83
8.76
9.94
-2.86
-6.51
.74
-.40
-3.87
.66
.29

1.04
-3.31
8.82
8.20
6.58
-8.78
-4.20
2.21
4.13
-5.90
.44
-.51

-0.70
-1.36
14.65
3.53
2.38
-10.67
-4.06
1.67
5.47
-5.25
-.02
-.09

-2.74
-.91
7.86
2.93
2.11
-13.99
1.04
2.24
1.01
-4.88
-.78
3.45

-5.38
1.73
6.35
6.50
-3.02
-8.15
4.61
3.77
-2.45
-6.38
-.09
2.42

-2.99
2.14
2.85
2.98
-1.38
-5.79
-2.87
2.07
-1.13
-4.45
1.95
-.07

-4.01
1.45
2.92
.80
-.77
-6.89
-.22
5.02
-1.04
-4.42

-L70

-1.85
-2.23
4.55
7.91
2.75
-4.78
-4.05
2.29
1.12
-3.82
-1.80
1.01

-4.58
-.63
1.21
2.79
3.18
2.94
4.63
-.93
-1.54
-.28

-2.56
.51
1.87
3.12
2.12
3.46
5.35
.03
-.05
.25
-4.16
2.16
.44
5.85
3.69
-6.22
-2.47
-2.02
2.24

-4.09
-92
-1.43
4.52
2.32

-3.17
.54
-2.34
1.82
2.05
2.04
5.10
.46
.10
4.61

-1.80
.47
-1.18
2.53
3.36

-.78
.26
-.48
-.43
3.08
2.69
4.75
4.44
-1.13
-.06
-2.73
-4.52
1.74
3.50
.39
-4.29
.12
3.04
3.94
2.26
-1.40
-2.54
-4.72
3.05
-1.50
3.00
-3.10
3.58
6.59
2.57

-.90
.85
.10
.02
4.70
1.71
3.64
1.00
-3.98
-.87
-3.85
-2.99
1.46
2.00
-1.80
-.42
1.89
1.07
3.13
-.39
3.61
-.43
-3.90
1.42
2.96
-.06
-.45
4.90
1.32
2.81

1.34
1.29
-1.26
-.12
1.79
2.19
3.09
.24
1.26
-.65
-4.77
-.11
1.13
5.55
2.92

-2.48
-.27
1.42
.18
3.51
3.83
1.33
2.04
3.29
-1.04

-.42
.98
.39
.61
2.08

-1.93
-2.87
2.23
3.45
-1.19
-1.78
-2.84
-5.62
.92
-.33

1.32
.82
1.65
1.32
3.41
3.53
6.06
.10
2.45
1.28
-1.69
-.01
4.95
6.14
-2.78
-1.91
.31
1.53
6.58
1.84
1.66
-1.21
-2.69
3.12
-.25

.67
-2.39
2.04
3.02
-2.70

2.51
1.24
-.12
-.20
1.04

-2.39
1.24
1.70
1.09
3.82

-1.27
2.09
4.63
-.95
2.46
4.23
.88
2.23
1.18
-1.63
-.85
1.26
5.85
4.81
-8.17
-3.85
1.01
4.45
3.07
-1.68
.35
-4.82
2.31
1.75
-.83
1.34
-.46
.84
5.92
7.46

-1.62
.50
.38
1.28
2.84
2.96
3.85
.99
.33
.22
-3.04
-.68
1.86
5.41
-.50
-4.09
-.40
1.37
4.18
1.46
-.63
-1.97
-1.71
1.96
1.38
.29
-.14
1.59
2.18
2.15

-1.21
-2.29

-1.87
-1.05

-2.55
.02

6.83
7.54
4.83
-7.02
-4.49
1.89
2.24
-4.60
-.30
.62

7.69
6.51
3.60
-8.53
-2.48
2.14
1.72
-5.13
.07
.96

7.55
5.43
2.21
-9.05
-1.36
2.28
1.03
-5.34
.54
1.02

6.84
4.18
.99
-9.06
-.55
2.73
.35
-5.34
.66
.69

-.95
.69
-.58
1.04
3.26

-.67
.67
-.17
.68
3.38

-.47
.70
.14
.46
3.27

-.46
.91
.93
.14
3.10

2.40
4.50
1.22
-.56
.55
-3.65
-2.05
1.88
4.74
.68
-3.27
-.03
1.54
4.24
.88

2.65
4.07
1.28
.15
.22
-3.60
-1.79
2.25
5.03
-1.06
-2.66
.17
1.87
4.81
.57

2.96
3.46
1.21
.60
-.20
-3.23
-1.16
2.47
5.41
-2.75
-2.22
.14
1.97
5.49
.06

3.31
2.75
1.31
.95
-.64
-2.69
-.47
3.05
5.56
-4.47
-2.19
.24
2.36
5.55

-1.47
-3.31
4.00
8.57
3.29
-3.47
-5.82
1.85
1.94
-3.07
-2.88
1.17
-1.54
.19
.17
1.82
2.27
2.74
4.33
.95
.30
.78
-3.04
-1.12
1.29
5.13
1.92
-5.12
-.85
.90
3.74
2.72

-.91
-1.42
-3.77
1.83
1.07

-.23
-1.88
-3.58
2.69
.16

.13
-2.34
-3.36
3.48
-.22

.37
-2.94
-2.47
3.72
-.53

.67
-1.19
3.06
2.11
1.10

.89
-1.12
2.82
2.07
.82

.59
-.76
2.54
1.92
1.05

.51
-.51

2.28
1.80
-3.66
2.58
2.55

.66
-3.19
-2.47
-2.27
4.23
-.09
1.31
-1.17
2.57
1.06

2.49
6.36
-1.22
3.62
1.22
-2.98
-.67
.44
8.73
1.05
-7.97
1.13
.05
5.17
5.92
-5.70
-.41
-.48
.39
8.31
-1.80
3.96
.78
-2.01
2.56

-1.82
-3.21

-1.87
-3.63

92. Change in manufacturers' unfilled orders in 1982 dollars, durable goods industries, smoothed (bil. $) t
-1.88
-1.78
-1.76
-1.30
-.71
-.37
-.48
-3.92
-4.28
-4.52
-4.69
-4.60
-4.12
-3.40

.97
8.08
3.18
.99
-9.02
.29
3.13
-.28
-6.52
.88
-.22
-.48
1.07
1.64
.37
2.97
3.69
1.84
.98
.98
-1.29
-1.63
.04
3.67
5.65
-5.84
-2.44
.29
2.29
5.08

1.55
9.12
2.16
1.07
-8.59
.96
2.96
-.63
-6.85
1.42

-3.57
2.89
.30
5.14
5.63
-7.14
-4.21
.13
.11
1.74
2.08
-1.04
6.29
2.26
2.54

7.03

2.18
10.72
4.06
-1.57
-7.15
2.03

-2.65
-.24
.43
3.16
1.53
2.74
5.08
-.12
.88
1.40
-3.05
.15
.53
5.96
4.19
-7.61
-1.61
.01
2.90
4.92

-.91
-.50
-1.17
-.29
4.40

-1.67
-.59
-.87
.04
4.27

-.31
1.32
-.89
1.40
2.58

-.57
1.18
-.13
1.32
2.72

1.06
.65
.90
-2.06
-.50
.39
4.33
5.44
-6.69
-2.59
0
2.24
5.07

-.45
.32
-2.05
-1.31
3.69

-.28
-.18
-1.59
-.77
3.75

-.33
.63
-.79
1.97
2.66

-.18
.80
-1.00

4.14

1.95
2.61

2.08
10.87
3.06
-.36
-7.99
2.11
2.34

2.08
10.96
3.11
-.96
-7.55
2.18
1.97
-2.26
-4.44
1.75
-2.94
-.08
-.14
3.22
1.99
2.63
5.11
.05
.54
1.68
-3.37
-.44
.74
6.04
3.82
-7.25
-1.11
.12
3.36
4.12

1.91
10.11
2.24
.44
-8.37
1.78
2.55
-1.19
-6.33
1.91
-1.96
-.36
1.02
2.92
L16
2.90
4.70
.30
.86
.90
-2.63
.14
.60
5.30
4.73
-7.36
-2.18
-.16
2.60
5.17

-1.06
-.36
1.27
2.26
.73
2.97

-3.23
-2.58
-.87
5.92
3.85
-6.26
.23
1.82
3.21
2.83
-3.80
.24
-.75
.08
.62
-1.68
-1.98
4.20
3.19
3.81

2.59
3.65
2.99
-1.72
1.31
-3.62
-4.30
2.43
3.72
3.72
-3.88
-.34
.09
5.05
.03
-3.88
-.06
-5.02
1.15
2.23
-.64
-2.17
3.89
-.43
-.20

-1.80

-5.52
2.08

2.58
5.08
.74
.12
1.61
-3.47
-1.34
1.00
5.75
3.13
-6.64
-.65
.58
3.71
3.39

3.14
10.23
4.95
-2.89
-6.52
1.97
1.49
-3.46
-1.87
.88
-2.49
.25
-.65
2.12
2.96
2.43
4.87
1.18
-.68
1.23
-3.58
-2.08
1.21
5.07
2.07
-5.45
-.04
.91
3.84
2.46

5.24
9.05
5.13
-4.71
-5.82
1.89
2.05
-4.11
-.89
.46
-1.78
.50
-.81
1.45
3.13
2.31
4.51
1.31
-.89
.76
-3.81
-2.26
1.33
4.74
1.56
-4.28
-.06
1.29
3.86
1.43

-2.41
-.57
-1.25
.38
3.92

-2.71
-.83
-1.94
.94
2.99

-2.03
-.92
-2.60
1.33
2.44

-.73
.65
.85
1.04
2.42

-.33
-.16
1.79
1.62
2.26

-.05
-.68
2.76
1.92
2.24

-1.60
-1.24
-3.40
1.51
1.74
.21
-1.21
3.23
2.25
1.56

t Data are smoothed by an autoregressive-moving-average filter developed by Statistics Canada.




1.44

-2.75
-3.12
1.36
-2.82
.07
-.51
2.76
2.41

-3.91
-.94
2.20
6.96
-8.41
-3.09
1.30
2.91
6.88
1.00
1.20
-4.07
-.71

6.84
-2.77
.35
-.73
2.08
2.48
1.03

3.87
1.35
.50
.43
-1.44
-1.09
1.70
2.27
6.59
-6.10
-2.08
-.92
1.17
7.30
-1.91
-.55
-3.29
-2.81
4.86
1.30

-.48

2;14

2.37
2.06

-1.06
-1.09
-2.34
1.13
2.31
.03
-.09
1.36
1.83
2.01

C-40

SURVEY OF CURRENT BUSINESS

October 1990

Historical Data for Selected Series—Continued
YEAR

Feb.

Jan.

Apr.

Mar.

8.22
9.20
9.43
9.72
9.26

3.77
4.65
5.68
6.20
6.04
7.45
8.17
8.42
9.32
9.43
9.60
9.32

1960
1961
1962
1963
1964

10.11
10.77
10.35
10.88
11.70

10.20
10.73
10.37
11.06
11.68

1965
1966
1967
1968
1969

12.27
12.70
12.51
12.17
12.30

1970
1971
1972
1973
1974

12.43
12.38
12.48
12.89
13.20

12.43
12.70
12.56
12.05
12.41
12.43
12.40
12.33
12.96
13.27

10.34
10.66
10.32
11.09
11.85
12.46
12.69
12.48
12.12
12.36
12.37
12.37
12.48
13.00
13.27

12.75
12.07
12.48
13.19
13.70
13.89
12.32
12.06
11.88
12.42
13.83
15.25
15.68
15.75
16.02

12.78
12.05
12.48
13.20
13.73
13.82
12.19
11.93
11.84
12.50
13.84
15.25
15.47
15.64
15.86

12.68
12.12
12.57
13.21
13.73
13.81
12.23
11.97
11.96
12.65
14.10
15.36
15.55
15.68
15.85

1948
1949

40.01
39.03

40.34
38.25

1950
1951
1952
1953
1954
1955
1956
1957
1958
1959

35.55
53.40
43.50
39.39
37.56
39.61
42.00
41.51
38.35
39.49

I960
1961
1962
1963
1964
1965
1966
1967
1968.
1969
1970
1971
1972
1973
1974.

41.58
39.42
40.48
39.61
40.72
42.71
44.51
41.79
40.97
44.66
47.16
44.36
46.93
55.83
76.12

35.56
54.27
42.58
39.19
37.56
39.94
41.97
41.00
38.32
39.42
41.25
39.89
40.30
39.62
40.75
42.61
44.69
41.42
41.16
45.13
46.76
44.38
47.21
57.56
77.84

39.91
37.59
36.01
54.20
41.44
39.55
37.95
39.84
42.03
41.00
37.95
39.84
41.09
39.97
40.37
39.64
40.94
42.80
44.97
40.87
41.62
45.30
46.48
44.77
48.34
58.95
79.34

40.19
36.00
36.44
53.42
41.17
39.26
38.48
40.14
41.85
40.82
37.50
40.25
41.21
40.05
40.00
39.50
41.26
43.20
45.02
40.47
41.81
45.50
46.45
45.32
49.01
60.23
79.14

1975
1976
1977
1978
1979

66.43
70.70
78.42
83.75
92.96

66.28
71.40
79.19
84.36
94.83

65.82
71.82
80.87
84.06
96.92

1980
1981
1982
1983
1984

110.55
110.31
104.30
97.97
115.39

112.51
108.94
103.87
99.92
116.78

113.63
109.99
102.71
100.12
117.98

66.39
73.32
80.64
83.57
99.37
111.32
110.94
100.45
100.40
118.47

110.61
103.48
111.46
122.55
132.86

110.03
103.25
111.18
123.00
134.73

109.75
102.12
112.01
124.41
135.64

108.79
101.84
114.34
125.37
134.52

3.56
4.51

1950
1951
1952
1953
1954

5.63
6.28
6.05
7.22
8.19

1955
1956
1957
1958
1959

1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989

.

1985......
1986
1987....
1988
1989

.




June

95. Ratio, consumer installment
3.89
3.96
4.77
4.90
5.90
6.03
6.09
6.03
6.11
6.25
7.57
7.67
8.20
8.17
8.50
8.60
9.37
9.31
9.45
9.48
9.59
9.53
9.36
9.42

3.65
4.60
5.69
6.26
6.01
7.32
8.17
8.30
9.24
9.41
9.70
9.30

1948
1949

May

10.37
10.59
10.37
11.18
11.87
12.54
12.69
12.46
12.12
12.38
12.08
12.35
12.54
13.08
13.27
12.58
12.16
12.67
13.18
13.87
13.71
12.22
11.93
11.92
12.79
14.22
15.37
15.60
15.68
15.86

July

Aug.

Oct.

Sept.

credit outstanding to personal income (percent)
4.11
3.97
4.06
5.07
5.27
5.20
6.34
6.20
6.31
5.98
5.90
5.93
6.45
6.62
6.55
7.73
7.96
7.86
8.18
8.16
8.19
8.91
8.75
8.75
9.36
9.42
9.37
9.50
9.46
9.49
9.45
9.28
9.27
9.49
9.85
9.62

4.21
5.31
6.45
5.94
6.62
8.03
8.14

Nov.

9.01
9.34
9.58
9.24
9.98

4.29
5.64
6.35
5.94
6.96
8.16
8.10
9.08
9.39
9.66
9.13
10.10

4.40
5.73
6.22
5.98
7,09
8.20
8.16
9.13
9.39
9.72
9.17
10.04

4.01
5.10
6.10
6.04
6.46
7.77
8.16
8.73
9.34
9.52
9.41
9.65

10.80
10.32
10.86
11.62
12.23
12.64
12.58
12.25
12.22
12.38
12.17
12.56
12.59
13.15
12.94
12.12
12.36
13,13
13.63
13.87
12.41
12.01
11.86
12.41
13.76

10.49
10.48
10.55
11.32
12.00
12.55
12.64
12.38
12.13
12.38
12.25
12.40
12.60
13.12
13.15
12.36
12.20
12.79
13.40
13.86
13.22
12.11
11.90
12.08
13.15

15.08
15.80
15.53
15.82
15.94

14.54
15.62
15.64
15.71
15.94

39.49
35.47
50.88
44.07
39.90
37.88
39.16
42.04
41.80
38.61
39.37
41.54
39.61
40.28
39.59
40.78
43.13
44.21
42.14
41.20
44.14
47.18
44.60
46.61
54.90
74.65
67.41

40.21
36.06
41.68
49.42
40.82
38.94
38.63
40.74
41.54
40.14
38.46
40.59
40.74
40.05
39.92
39.93
41.67
43.55
43.95
40.86
42.35
46.07
45.80
45.39
50.89
64.12
75.90

70.32
78.22
82.85
92.04
108.68

67.22,
75.62
80.52
87.05
101.41

111.35
105.06
97.18
114.94
111.57
103.13
110.35
121.69
131.12
125.87

110.17
109.52
100.00
105.64
115.71
106.53
105.06
117.75
126.66
131.88

10.49
10.40
10.51
11.26
11.99
12.58
12.65
12.37
12.11
12.41
12.23
12.13
12.84
13.14
13.22

10.54
10.36
10.57
11.37
12.05
12.64
12.67
12.31
12.11
12.39
12.23
12.36
12.74
13.26
13.14

10.59
10.38
10.63
11.44
12.07
12.72
12.62
12.28
12.10
12.36
12.23
12.38
12.73
13.21
13.14

10.64
10.40
10.67
11.49
12.15
12.50
12.57
12.31
12.10
12.39
12.22
12.46
12.75
13.24
13.11

10.64
10.35
10.74
11.55
12.25
12.65
12.55
12.30
12.14
12.39
12.23
12.52
12.61
13.21
13.00

10.71
10.31
10.80
11.62
12.24
12.64
12.53
12.28
12.17
12.42
12.19
12.55
12.55
13.16
13.01

12.45
12.17
12.73
13.28
13.93
13.56
12.25
11.90
11.85
13.07
14.44
15.52
15.59
15.70
15.97

12.14
12.22
12.81
13.41
13.96
13.37
12.20
11.92
11.96
13.23
14.50
15.58
15.70
15.71
15.95

12.28
12.22
12.81
13.45
13.85
13.12
12.04
11.87
12.08
13.27

12.17
12.22
12.87
13.53
13.88
12.99
11.91
11.88
12.25
13.39

12.13
12.28
12.92
13.56
13.93
•12.82
11.98
11.90
12.25
13.42

12.09
12.32
12.97
13.52
13.94

12.09
12.27
13.04
13.59
13.94

12.65
12.01
11.82
12.25
13.60

14.65
15.70
15.76
15.65
15.92

14.75
15.75
15.72
15.75
15.99

14.95
15.86
15.79
15.74
16.00

15.01
15.98
15.58
15.60
15.99

12.50
11.99
11.79
12.31
13.68
15.14
15.96
15.68
15.84
15.97

39.95
35.70
46.72
44.70
40.54
38.63
39.02
41.29
41.23
39.71
38.74
41.03
40.49
40.23
39.57
39.91
42.14
43.93
43.16
40.66
42.81
47.03
44.92
45.96
51.99
67.65
76.45
68.67
78.65
80.56
89.04
102.48
110.12
109.65
98.81
110.22
114.98
103.71
104.98
122.15
127.55
131.19

39.68
34.98
48.02
45.21
40.07
38.32
39.31
41.16
41.31
39.22
39.48
41.30
40.19
40.49
39.66
40.18
42.79
44.18
42.73
40.73
43.35
46.92
45.06
46.15
52.83
68.98
73.41

66.94
74.63
80.59
84.02
100.97
107.72
111.01
100.35
101.33
118.25
107.73
102.64
116.91
125.87
133.26

65.27
75.75
79.75
85.91
102.07

65.14
78.43
79.97
86.39
102.88

66.62
78.53
80.51
87.86
102.58

106.07
110.97
98.83
102.38
117.97
106.63
104.29
118.29
127.51
132.53

106.65
111.21
99.33
105.17
116.81

108.85
111.40
98.44
108.55
115.31
105.37
103.05
121.43
127.90
130.85

106.00
105.99
120.01
127.63
131.49

Annual

4.22
5.56
6.42
5.91
6.80
8.05
8.13
9.05
9.31
9.63
9.20
10.11

10.41
10.50
10.45
11.23
11.93
12.57
12.69
12.41
12.10
12.40
12.16
12.33
12.60
13.11
13.23

99a. Index of sensitive materials prices (1982=100)
40.52
40.71
41.07
40.88
34.76
35.30
34.81
35.47
38.62
37.54
44.15
41.06
51.62
46.12
48.52
53.00
40.10
40.21
39.88
40.85
39.38
39.12
38.93
39.53
39.04
38.81
38.56
38.85
41.24
40.56
40.30
41.28
41.14
41.04
41.54
40.97
40.24
40.02
40.56
40.10
37.69
38.24
38.49
37.59
40.64
40.69
40.68
40.83
40.89
40.63
41.20
40.66
40.24
39.84
40.12
40.27
39.57
40.15
39.83
39.68
40.04
40.08
39.71
39.56
41.19
41.73
41.07
41.31
43.88
43.56
43.64
43.69
43.58
44.84
44.71
44.69
40.41
40.72
40.58
40.66
42.60
41.98
42.29
41.59
45.78
46.06
46.56
45.56
45.89
46.34
45.35
45.43
45.10
45.70
44.87
45.28
51.86
51.25
50.70
51.65
63.05
64.42
66.40
61.08
77.22
77.36
78.05
77.57

Dec.

69.19
78.17
81.15
91.03
105.75
111.20
108.33
98.29
112.48
11160
103.53
108.31
122.51
127.24
131.02

39.73
35.33
49.57
44.46
39.58
38.08
39.22
41.46
41.57
38.84
39.79
41.42
40.03
39.82
39.80
40.48
42.99
44.21
42.35
40.81
43.91
47.11
45.16
46.20
54.06
70.66
70.85
69.54
77.79
81.72
92.52
107.39
112.04
106.40
97.45
114.23
112.42
103.06
110.47
121.02
129.81
128.54

SURVEY OF CURRENT BUSINESS

October 1990

041

Historical Data for Selected Series—Continued
Jan.

YEAR

1948
1949

0.82
-2.00

-1.16

1950.
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964

.23

.03

4.95
-1.29
-1.28
-.84
1.15
-.10
-.69
-.67

1.63
-2.11
-.51

.30
.10
.50
.05
.68

1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
198i

1982!!!!!!!!!!!!!!!!!!
1983
1984

.14
0

.40
-.89

.46
1.05
-.85

.69

.05
.60

1.69
1.97
-1.45

3.10
2.26
-.23

.54
.26

.99
.98
.73

1.09
1.00
1.72
-.93
-.72

2.01
1.77
-1.24
-.41
1.99
1.20
-.52
-.22
-.25

.81
.39
-.86

1985
1986
1987
1988
1989

-.07
-1.23
-.08
-.18

-.23

-.83
-.56
1.18
-.04
-.54

.34
1.01

.92
1.04
-.25

.03
.07

-.15
-.97

1965
1966
1967
1968
1969

-1.07
-1.73
1.27
-.13
-2.68

0
.83

-.79
1.19
-.44

-.48
'..

May

Apr.

Mar.

Feb.

-.97
1.07
-.39

.20
.17
.05
.47
.45
.63
-1.33
1.12

.38
-.60

.88
2.39
2.41
1.93
-.69

0.70
^.23
1.19
-1.44
-.65
-.73
1.40

.75
-.43
-.44
-1.19
1.03

-.74
-.64

.29
.20

-.02

-.92
-.35

.78
.93
.11
-.98

.46
.44
-.06
1.23
1.39
2.17
-.25

1.61
-3.23

.96

.86

.06

-1.12

.20
1.03
-.25
-1.09

.75

.37

1.15

.68

-2.20

.28
.42
-.87
-.27
2.08

.77
-.83

1950.
1951
1952
1953
1954

.28

.35

.51

.70

4.47
-2.14
-.25
-.68

4.00
-1.86
-.33
-.63

3.16
-1.81
-.21
-.37

2.06
-1.62
-.21

.31
.47
.17

.41
.39

.37
.31

1960
1961
1962
1963
1964
1965
1966.
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976.
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989

.67
.34
-.60

.12
-.06

.42
.55
.28
-1.01

.28
.94
.31

-.02
-.71

.46
.16
-.39

.09
-.03

.36
.31
.31
-.98

.30
1.00

.09

-.46
1.13
-.40
-.15
-.53
-• .13
-.24
-.99
3.45
1.41
-1.98

.83

1.41

-.81

.47
.38
.15

1.79
-.06

-.66

;

.24
.97

.87

1948
1949

1955
1956
1957
1958
1959

.69
.21
.40

2.09
-.28
-.58
2.53
-2.03

.59

.71

--91

99b. Change in
1.29
-1.47
3.02
-.79
-.78

2.12
-.36
2.20
1.00

1.33

, t

June

-1.16

-.13
-.69

.42
-.02
-.18

.08
0
.35
.18
.37
-1.01

.41
.95
-.13
-.20

-1.73

.02
.41
.16
-.24
^•.74

.47
-.09
-.01
-.06
-.03

.39
.21
.37
-1.02

.49
.85
-.25

.54

-.10

.93
-.19
-.97

.79
2.25

.40
-.94

.35
.27
-.91

.40
.69
-.32

.11

.15

1.98
2.77
-2.42
1.09

1.53
2.16
1.43
-1.00
1.27

.19
.84

.45
.75

.51
.52

.46
.38

1.22

1.24

1.39

1.62

1.76

1.32

1.45

1.47
-.05
-1.09

1.00

.17
.10

-.40

.58

.60

.86

1.44
2.93
-3.01
1.29

1.72
2.91
-2.81
1.21

.19
.72
.32
-1.12
-.19
1.61

.01
-1.10

.21

.44

-1.01
-.38
1.27

1.38
-.94
-.23
1.07

1.19
-.81
-.26

.30
.75

.24
.96

.90
.33
1.04

.05
-1.24

.55
.98
-.74
-.28

.97
.44
.84

-1.17

.67
.70
-.73
-.15
1.18

.50
.48

t Data are smoothed by an autoregressive-moving-average filter developed by Statistics Canada.




sensitive materials prices (percent)
0.88
-0.46
-0.88
1.41
-2.00
.14
2.88
6.32
7.53
-4.95
-2.60
-6.01
-1.84
-.55
.83
-.38
-.66
-.49
-.59
.75
.49
.65
1.78
-.10
.41
-1.20
-.17
-.20
-.79
-.35
.27
1.46
.65
.12
-.02
.37
-.07
-.75
-.56
.37
-.99
.70
-.28
-.80
-.38
.10
.38
.83
1.02
.29
.29

-.30
-.29
.77
.94
.48
-.97
.51
1.08
3.23
-.27
-2.49
1.50
-1.04
2.25
1.09
-1.53
-.04
-1.51
1.04
-.24
-1.02
1.61
1.18
1.30
-.55

.18
-.04
-.15
.74
.61
-1.00
.40
.78
2.17
.89
-.20
3.54
.28
.56
.79
.55
.22
.51
2.73
-.98
-.59
1.63
1.45
.09
-.78

.55
-2.48
-.20

.73
1.09
-.18

.35
.13
-.62
.41
.58
-.45
.22
1.73
2.31
.69
-.77
1.37
.23
.56
1.75

.32
.03
-.39
.47
.51
-.60
.28
1.72.
2.37
.29
-.56
1.72
.11
.66
1.62

-.55
.12
-1.17
.79
.41
-.76
.17
1.30
.64
.13

-.83
.14
-.95
1.12
.05
-.76
.55
1.39
.65
-.20

-1.41
1.13
5.82
-3.08

.82
-.77

.54
.12
.22
-.77

.65
.49
-.34
-.10

0
-.42

.98
.11
-.96

.20
.49
1.01
-.95

.93
.41

.57
.25

3.07
-1.06
2.27

1.88
-1.00
3.08

.13
.68

.15
.06

1.70
-.29
2.06

1.34
-.10
1.17
-1.57

.17
-.90
3.21
-1.28
-.59
-2.77
1.18

.21
-.49

.34
-.37
-.22

.54
.55
-.63

Nov.

Oct.

Sept.

99. Change in sensitive materials prices, smoothed (percent) t
.38
.30
.14
-2.02
-2.19
-1.98
-1.40
1.12
1.60
2.52
3.73
1.03
-.07
-1.50
-2.81
-1.40
-1.33
-1.18
-.83
-.21
-.09
-.06
-.12
.27
.48
.61
.52
.42
.46
.66
.68
-.05
-.32
-.47
-.43
-.35
-.48
-.54
-.52
-.64
.22
-.46
-.10
.57
.57
.49
.43
-.22
-.32
-.35
-.11
.15
.10
.14
.20
-.08
-.19
-.28
-.33
-.03
.03
.17
.25
.32
.25
.23
.31

1.08
2.16
2.29
-1.74
1.15

-.46

Aug.

July

-0.68
-2.02
2.78
1.14
-1.16
-.80

.74
-.31

.19
-1.23
1.91

.66
-.74

.65
.23
.68
1.54

.57
-1.00

Dec.

0.13
1.00
3.23
-1.66
-1.22
-.63
-.23

.73
.63
-.97

.79
.29
-.40
-1.65

.35
.75
.47
.07
-.89

.17

.20

1.26
-.23

1.29

.31
.41

.40
.22
.11

1.62
1.97
-3.98

2.33
2.44
-3.49

.76
-.61

.51
-.49

.73

.70

2.23
3.19

1.64
1.55

.98

.76

1.54
-.29
-1.58
1.87

-1.20
-.53
2.05
-2.07
-.17
3.17

.59

.29

.26

-.24
-.13

-1.78
-.85
1.56
-.16
-.45
1.99
-1.22
2.02
-1.89

-.16
-.72
4.72
-3.61
-.40
-.33

-.41
-.49
5.04
-3.44
-.25
-.47

-.48
-.16
4.98
-3.10
-.29
-.57

.47
.61

.48
.45

.39
.39
0

.38

-.27

-.32
-.55

.46
.40
-.37

.20
-.32

.20
.46
.32
-.68
-.07

.57
.64
-.69

-.19
-.66

.80
.42
-.43

.25
-.24

.24
.69
.34
-.91

.05
.68
.57
-.59

'-.76

.99
.41
-.46

.03
-.11

.33
.79
.32
-1.04

.14
.83
.51
-.42

.41

.50

.54

.51

1.54
2.51
-.13
-.05
1.71

1.26
2.50
-.49

1.14
2.43
-1.17
1.10
1.09

1.23
2.38
-1.88
1.27

.11
.86
1.28
-.60

.15
-.81
1.59
-.34
-.73

.66
1.50

.10

.18

1.04

1.31

.90

.98
.15

-.23
-.07
-.57
1.86
-.56
-.83

-.35
-.43
2.05
-.89
-.80

.32

.40

.82

1.42

1.32

1.13

.60
-.43

.45
-.47

.27
-.45

.64
.30
1.51
1.11

.46
-.71
-.40
2.09
-.99
-.74
1.22

.70
.40
-.63

Annual

-060
.40
2.64
-.88
.81
-.53
-.15
1.40
.55
-.59
-1.06
.29

-.88
3.08
-1.15
-.82
-.43
.28
.60
-.05
-.66
.17
.45

-1.05
1.16
-.53
.74
.33
0
-.50
.96
.52
.15
-1.24
.89
1.55
5.65
-4.86

-.39
.14
-.14
.25
.47
.21
-.40
-.19
.58
.56
-.47
.37
1.38
2.60
-.82

1.12
.55
1.38
-.52
1.20
-.62
-1.26
-.28
.62
-.76
.07
-.11
.55
1.01
-2.08

.36
.90
.48
.88
1.40
.22
-.48
-.64
1.41
-.24

-.65
.58
.82
.63
-.33

-.54
.11
4.63
-2.60
-.17
-.62
.26
.49
.18
-.80
.83
.39
-.56
.05
-.09
.43
.79

-1.11
2.52
-.20
-1.11
-.29
.15
.47
-.02
-.41
-.07
.48
-.20
0
-.12
.12
,45

.26
-1.04
.30
.88
.42
-.44
.54
1.33
2.80
-2.69
1.35
.36
.52
1.35
1.20

.32
-.19
-.48
.52
.68
-.34
.18
1.22
2.23
.58
-.66
1.20
.28
.88
1.34

.49
-.99
-.36
1.92
-1.01
-.59
1.28
.43
.56
-.93

.36
-.11
-.87
1.09
.21
-.79
.29
1.09
.45
.09

C-42

SURVEY OF CURRENT BUSINESS

October 1990

Historical Data for Selected Series—Continued
YEAR

1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966.
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970.
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989

Jan.

44,744
47,557
45,212
49,980
60 450
67,381
65,980
64,942
76,246
85,503
85,543
83,243
91,886
95,855
97,858
105,348
113,088
126,538
149,386
171,395
184,234
205 305
225,137
226,799
217 727
226,632
232,586
245,038
209,264
198,169
202,332
211,348
226,606
223,756
255,459
268,017
267,024
318 828
340,214
364,667
354,651
371,448

832.1
813.3
833.6
801.9
807.6
840.6
856.6
901.1
916.9
9112
897.0
952.5
981.2
1,016.8
1 085 9
1,160.0
1,235.9
1,324.5
1,401.2
1,413.5
1,495.2
1,543.1
1,505.1
1,536.1
1,686.2
1,841.2
1,788.6
1,683.4
1,788.9
1,936.0
1,994.3
1,967.8
1,865.5
18136
1,852.5
1,977.6
2,079.8
2,189.1
2,261.5
2,453.1
2 440 8
2,443.1




Feb.

Mar.

45,364
48,183
45,172
51,168
60,883
67,540
66,406
65,235
76,520
85,577
84,559
83,290
93,161
95,761
98,237
105,940
114,576
129,201
150,479
172,904
183,565
206,240
227,790
226,101
217,500
231,212
232,644
244,065
209,947
198,148
200,975
211,403
227,029
222,051
260,455
267,246
270,702
321,793
343,552
361,323
359,891
377,680

45,408
47,776
45,172
52,550
61,255
67,791
66,321
66,168
78,515
86,955
83,713
83,981
93,223
96,182
98,804
106,305
114,592
131,937
152,536
175,381
183,900
208,463
231,065
226,214
219,885
230,700
232,684
242,798
205,817
196,847
203,430
211,524
229,035
218,223
262,378
268,376
276,583
324,607
346,847
359,137
360,842
378,902

832.1
816.5
834.7
791.4
814.6
842.0
856.1
903.2
913.6
906.6
904.7
956.1
979.0
1,024.6
1,090.7
1,168.3
1,242.8
1,332.8
1,399.4
1,418.1
1,493.2
1,536.8
1,489.6
1,548.2
1,697.0
1,833.6
1,776.3
1,688.4
1,809.8
1,938.7
1,993.0
1,955.4
1,859.0
1,810.9
1,850.8
2,013.6
2,088.4
2,198.5
2,277.6
2,442.0
2,455.9
2,437.1

835.7
816.5
833.3
791.0
816.4
843.3
858.6
902.2
915.8
906.9
909.1
966.9
981.3
1,029.8
1,099.4
1,172.5
1,248.8
1,336.7
1,402.4
1,430.7
1,500.8
1,534.8
1,488.1
1,569.4
1,715.2
1,823.6
1,770.9
1,702.7
1,822.6
1,941.1
1,989.1
1,950.7
1,837.9
1,819.3
1,862.7
2,029.8
2,094.9
2,197.1
2,304.3
2,436.3
2,463.4
2,432.5

Apr.

May

June

July

Aug.

Sept.

101. Commercial and industrial loans outstanding in 1982 dollars (mil.$)
45,420
46,469
46,903
47,457
47,521
47,423
47,095
46,765
45,592
44,977
45,475
45,261
45,985
46,081
46,541
54,221
55,524
56,472
57,182
57,894
61,608
61,818
62,529
62,855
62,584
69,041
69,251
69,269
68,425
69,150
65,878
65,388
65,325
65,106
62,437
66,362
67,983
68,717
70,126
71,207
79,581
80,630
81,700
83,030
83,312
87,630
88,352
89,203
89,259
89,092
83,468
82,082
82,079
81,962
81,677
84,506
85,903
87,543
87,495
89,028
93,805
94,968
96,192
96,142
95,997
96,696
96,829
97,256
96,806
97,156
99,744
100,492
101,197
101,551
102,424
107,252
107,403
107,399
107,445
108,294
115,623
116,952
117,702
118,177
119,380
133,372
135,850
136,043
137,052
140,096
154,157
156,256
158,811
160,633
163,307
177,852
177,955
178,851
179,973
179,838
186,997
186,968
188,412
189,813
193,336
213,354
215,124
217,120
217,539
221,423
230,617
231,962
232,870
231,547
234,407
223,082
223,824
220,738
218,311
221,265
222,244
222,547
222,338
221,072
221,446
233,413
231,627
231,134
237,374
228,432
240,896
241,527
243,340
242,048
238,469
237,503
231,002
226,547
222,680
219,625
199,322
199,127
199,376
196,961
197,204
195,570
195,920
198,446
197,942
200,329
203,797
205,797
207,924
208,717
209,932
215,596
217,070
220,029
221,364
224,896
228,454
225,092
228,246
222,492
220,472
219,981
225,106
228,949
231,984
237,186
267,759
271,565
272,899
272,072
272,722
264,546
259,390
259,504
258,345
258,227
282,904
288,689
298,112
301,703
305,775
326,674
326,114
328,855
331,782
324,451
345,052
346,324
349,561
354,412
344,018
356,444
353,526
353,171
350,404
346,810
363,322
363,394
364,867
365,156
365,565
380,436
385,204
388,251
391,587
400,521
823.9
817.7
841.2
792.5
816.0
845.8
860.9
904.7
915.0
908.3
912.7
964.1
980.7
1,035.6
1,104.2
1,181.6
1,255.6
1,340.3
1,401.2
1,435.0
1,505.3
1,531.9
1,481.2
1,589.2
1,724.9
1,822.1
1,769.2
1,718.1
1,838.7
1,947.1
1,989.3
1,948.4
1,816.0
1,831.5
1,870.1
2,032.8
2,100.0
2,194.7
2,336.4
2,436.2
2,468.9
2,417.4

106. Money
816.1
819.4
838.5
792.2
821.9
848.4
868.5
911.6
914.3
907.9
918.7
971.1
983.7
1,043.0
1,110.2
1,190.2
1,263.4
1,344.9
1,403.0
1,445.3
1,505.6
1,529.4
1,485.0
1,601.0
1,731.8
1,825.7
1,749.2
1,732.3
1,852.7
1,957.7
1,987.9
1,934.7
1,808.5
1,823.0
1,864.6
2,037.8
2,106.1
2,203.8
2,355.9
2,433.2
2,471.9
2,404.8

supply M2 in 1982 dollars (bil. $)
812.8
804.3
805.5
819.0
825.2
824.0
840.5
832.8
831.1
797.8
801.9
808.6
822.5
819.1
825.4
846.4
851.3
850.4
871.0
878.4
882.7
911.6
913.7
913.7
910.3
908.1
908.1
905.8
905.5
904.8
927.1
930.8
936.8
973.5
977.8
978.2
984.4
994.4
999.7
1,049.2
1,050.6
1,056.8
1,115.3
1,121.4
1,123.9
1,193.4
1,202.5
1,206.6
1,267.6
1,277.9
1,287.9
1,345.3
1,358.6
1,363.0
1,401.8
1,401.5
1,394.4
1,454.8
1,468.4
1,472.9
1,507.2
1,508.3
1,514.9
1,526.4
1,522.0
1,515.9
1,489.3
1,489.8
1,500.2
1,606.7
1,614.5
1,625.1
1,742.4
1,760.7
1,774.3
1,828.2
1,836.7
1,810.5
1,745.2
1,738.6
1,723.6
1,749.8
1,749.4
1,761.0
1,847.4
1,853.6
1,866.8
1,961.9
1,966.6
1,975.0
1,977.9
1,975.8
1,976.4
1,935.7
1,931.5
1,925.0
1,812.6
1,836.8
1,844.2
1,817.0
1,811.1
1,815.8
1,853.2
1,857.5
1,872.9
2,046.9
2,050.8
2,054.3
2,113.7
2,114.7
2,118.8
2,222.8
2,234.1
2,246.3
2,360.8
2,385.0
2,400.7
2,427.5
2,427.0
2,429.2
2,472.5
2,468.0
2,463.7
2,411.8
2,424.0
2,439.5

Oct.

Nov.

Dec.

Annual

47,537
44,739
47,799
58,209
63,605
68,554
62,486
71,703
83,853
89,639
82,206
89,303
96,335
97,400
102,270
109,155
120,691
142,954
164,955
180,641
194,852
224,117
234,119
226,807
220,381
232,244
245,848
215,734
195,324
200,380
209,534
227,182
221,829
241,748
274,885
257,595
310,868
332,614
353,127
350,297
364,291
398,512

47,701
45,015
48,535
58,648
64,661
68,455
62,591
73,091
84,095
88,728
82,740
90,370
96,148
97,403
103,839
110,557
121,293
144,418
167,710
182,018
197,099
225,900
229,714
224,360
225,691
236,855
243,149
212,373
196,721
201,485
209,611
224,603
220,611
244,062
274,307
256,193
314,940
334,166
353,830
351,588
367,482
397,393

47,169
44,781
49,252
58,904
66,304
68,093
63,127
74,434
84,847
87,275
82,848
91,130
96,505
97,594
104,726
112,420
122,584
146,353
169,505
183,458
199,858
226,504
228,240
223,948
226,819
238,445
243,439
211,985
198,898
202,541
211,492
222,027
224,520
247,798
269,427
257,774
316,890
335,617
353,963
350,113
367,589
397,725

47,149
44,842
49,721
59,568
67,082
66,616
64,707
75,495
85,159
86,834
83,301
91,752
96,215
97,718
105,193
114,136
124,533
147,290
170,315
184,341
201,277
227,826
228,288
220,953
224,114
235,590
244,106
211,466
198,760
202,979
210,275
223,553
224,962
250,863
263,382
261,357
318,318
336,736
359,861
352,611
370,598
396,596

46,570
46,229
46,684
55,860
62,970
68,297
64,646
69,622
81,457
87,837
83,015
87,295
95,048
96,888
101,361
108,471
118,266
137,592
159,838
178,717
190,859
217,410
230,480
223,534
221,814
232,805
240,061
226,735
200,560
199,063
206,985
219,216
224,946
232,642
268,109
261,381
296,042
328,520
349,230
354,174
363,971
388,688

804.7
819.8
828.2
808.2
830.4
851.1
884.5
909.7
908.8
905.1
939.5
975.3
1,003.9
1,059.2
1,126.0
1,213.2
1,293.8
1,373.7
1,402.1
1,479.3
1,521.4
1,516.4
1,508.4
1,641.6
1,791.1
1,808.6
1,711.7
1,764.3
1,877.6
1,984.7
1,981.5
1,920.6
1,846.1
1,810.4
1,886.9
2,060.6
2,127.9
2,256.6
2,409.8
2,434.6
2,454.5
2,446.7

807.5
826.5
824.0
808.9
833.0
850.5
891.7
914.4
906.7
906.1
942.8
972.5
1,001.9
1,065.0
1,134.3
1,217.9
1,302.2
1,380.5
1,396.2
1,486.0
1,524.9
1,508.8
1,513.7
1,651.9
1,802.5
1,793.9
1,698.7
1,765.9
1,893.7
1,991.1
1,975.5
1,911.2
1,839.9
1,820,4
1,893.0
2,070.9
2,132.3
2,257.8
2,426.2
2,438.8
2,450.8
2,449.5

812.8
824.0
822.4
805.9
837.0
855.0
891.7
910.8
909.1
904.1
941.5
974.4
1,006.5
1,072.3
1,142.5
1,227.9
1,307.4
1,390.2
1,400.3
1,489.1
1,531.9
1,509.0
1,517.8
1,667.2
1,814.8
1,795.2
1,695.7
1,771.2
1,908.1
1,991.3
1,974.0
1,892.0
1,837.3
1,828.7
1,908.9
2,077.5
2,151.1
2,259.6
2,437.7
2,434.0
2,457.2
2,454.9

811.2
828.6
811.6
804.4
836.5
854.1
896.4
916.2
907.7
904.1
949.5
976.4
1,011.0
1,078.8
1,151.4
1,229.1
1,315.2
1,392.1
1,407.6
1,494.0
1,539.1
1,507.91,524.5
1,673.0
1,830.0
1,797.5
1,685.7
1,776.6
1,923.5
1,991.8
1,973.0
1,880.8
1,821.1
1,839.5
1,929.9
2,082.4
2,169.8
2,264.8
2,451.4
2,429.7
2,456.0
2,461.1

816.6
820.9
831.0
800.4
823.4
848.2
874.8
909.4
911.2
906.4
925.8
969.9
992.3
1,048.5
1,117.1
1,196.9
1,274.9
1,356.9
1,400.9
1,457.3
1,512.3
1,523.5
1,499.4
1,610.3
1,755.9
1,818.1
1,737.8
1,738.6
1,856.9
1,965.2
1,982.3
.1,929.5
1,835.4
1,820.1
1,875.2
2,044.6
2,116.5
2,227.1
2,367.3
2,435.1
2,460.3
2,435.2

C-43

SURVEY OF CURRENT BUSINESS

October 1990

Historical Data for Selected Series—Continued
YEAR

Jan.

Mar.

Feb.

May

Apr.

June

July

Aug.

Sept.

Nov.

Oct.

Dec.

Annual

109. Average prime rate charged by banks, NSA (percent)

1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960.

1961
1962
1963
1964
1965
1966
1967
1968
1969.
1970

1971....

1972
1973
1974
1975
1976.
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989

1.75
2.00
2.00
2.44
3.00
3.00
3.25
3.00
3.50
4.00
4.34
4.00
5.00
4.50
4.50
4.50
4.50
4.50
5.00
5.96
6.00
6.95
8.50
6.29
5.18
6.00
9.73

1.75
2.00
2.00
2.50
3.00
3.00
3.25
3.00
3.50
4.00
4.00
4.00
5.00
4.50
4.50
4.50
4.50
4.50
5.00
5.75
6.00
7.00
8.50
5.88
4.75
6.02
9.21

1.75
2.00
2.00
2.50
3.00
3.00
3.13
3.00
3.50
4.00
4.00
4.00
5.00
4.50
4.50
4.50
4.50
4.50
5.35
5.71
6.00
7.24
8.39
5.48
4.75
6.30
8.83

1.75
2.00
2.00
2.50
3.00
3.03
3.00
3.00
3.65
4.00
3.83
4.00
5.00
4.50
4.50
4.50
4.50
4.50
5.50
5.50
6.20
7.50
8.00
5.25
4.98
6.60
10.02

10.05
7.00
6.25
7.93
11.75
15.25
20.16
15.75
11.16
11.00

8.96
6.75
6.25
8.00
11.75

7.93
6.75
6.25
8.00
11.75

15.63
19.43
16.56
10.98
11.00
10.50
9.50
7.50
8.51
10.93

18.31
18.05
16.50
10.50
11.21
10.50
9.10
7.50
8.50
11.50

7.50
6.75
6.25
8.00
11.75
19.77
17.15
16.50
10.50
11.93
10.50
8.83
7.75
8.50
11.50

10.61
9.50
7.50
8.75
10.50

.

1.75
2.00
2.00
2.50
3.00
3.25
3.00
3.00
3.75
4.00
3.50
4.23
5.00
4.50
4.50
4.50
4.50
4.50
5.50
5.50
6.50
7.50
8.00
5.42
5.00
7.01
11.25
7.40
6.75
6.41
8.27
11.75
16.57
19.61
16.50
10.50
12.39
10.31
8.50
8.14
8.84
11.50

1.75
2.00
2.00
2.50
3.00
3.25
3.00
3.00
3.75
4.00
3.50
4.50
5.00
4.50
4.50
4.50
4.50
4.50
5.52
5.50
6.50
8.23
8.00
5.50
5.04
7.49
11.54

1.75
2.00
2.00
2.50
3.00
3.25
3.00
3.00
3,75
4.00
3.50
4.50

2.00
2.00
2.00
2.50
3.00
3.25
3.00
3.23
3.84
4.42
3.50
4.50

5.00
4.50
4.50
4.50
4.50
4.50
5.75
5.50
6.50
8.50
8.00
5.90
5.25
8.30
11.98

4.85
4.50
4.50
4.50
4.50
4.50
5.88
5.50
6.50
8.50
8.00
6.00
5.27
9.23
12.00

7.07
7.20
6.75
8.63
11.65
12.63

7.15
7.25
6.75
9.00
11.54
11.48

7.66
7.01
6.83
9.01
11.91
11.12

20.03

20.39

16.50
10.50
12.60
9.78
8.50
8.25
9.00
11.07

16.26
10.50
13.00
9.50
8.16
8.25
9.29
10.98

20.50
14.39
10.89
13.00
9.50
7.90
8.25
9.84
10.50

;

2.00
2.00
2.08
2.50
3.00
3.25
3.00
3.25
4.00
4.50
3.83
5.00
4.50
4.50
4.50
4.50
4.50
4.50
6.00
5.50
6.40
8.50
7.83
6.00
5.50
9.86
12.00
7.88
7.00
7.13
9.41
12.90

2.00
2.00
2.25
2.62
3.00
3.25
3.00
3.40
4.00
4.50
4.00
5.00
4.50
4.50
4.50
4.50
4.50
4.50
6.00
5.50
6.00
8.50
7.50
5.91
5.73
9.94
11.68
7.96
6.78
7.52
9.94
14.39
13.79
18.45
12.52
11.00
12.58

2.00
2.00
2.25
2.75
3.00
3.25
3.00
3.50
4.00
4.50
4.00
5.00
4.50
4.50
4.50
4.50
4.50
4.50
6.00
5.68
6.20
8.50
7.28
5.47
5.75
9.75
10.83

2.00
2.00
2.25
2.85
3.00
3.25
3.00
3.50
4.00
4.50
4.00
5.00
4.50
4.50
4.50
4.50
4.50
4.92
6.00
6.00
6.60
8.50
6.92
5.25
5.79
9.75
10.50

1.85
2.00
2.07
2.56
3.00
3.17
3.05
3.16
3.77
4.20
3.83
4.48
4.82
4.50
4.50
4.50
4.50
4.54
5.62
5.63
6.28
7.95
7.91
5.70
5.25
8.02
10.80

7.26
6.35
7.75
11.55
15.30

7.86
6.84
6.82
9.06
12.67

20.35

15.75
11.50
11.00
11.06

15.27
18.87
14.86
10.79
12.04

9.50
7,50
8.75
10.50
10.50

9.93
8.33
8.20
9.32
10.87

13.50
11.00
12.97
9.50
7.50
8.70
10.00
10.50

9.50
7.50
9.07
10,00
10.50

7.53
6.50
7.75
10.94
15.55
16.06
16.84
11.85
11.00
11.77
9.50
7.50
8.78
10.05
10.50

12.23
20.08

120a. Consumer Price Index for services (1982-84=100)

1948
1949
1950
1951
1952
1953
1954
1955
1956.
1957
1958
1959

74.1
83.7
93.9
97.9
102.6

20.7
21.6
22.4
23.0
23.9
24.4
24.9
25.3
25.8
26.4
27.1
28.5
29.8
31.8
34.4
36.5
38.1
39.4
42.4
47.0
51.1
54.8
59.1
64.9
75.4
84.4
94.0
98.1
103.0

107.9
113.5
118.3
123.6
129.6

108.4
114.1
118.7
124.0
130.2

20.7
21.4
22.3
22.9
23.7
24.4
24.8
25.3
25.8
26.3
27.0
28.3
29.5
31.4
33.8
36.4
37.9
39.1
41.8
46.5
50.5
54.1
58.3
63.8

20.7
21 A
22.4
23.0
23.8
24.4
24.8
25.3
25.8
26.4
27.0
28.4
29.6
31.5
34.0
36.5
38.0
39.2
42.0

1980.
1981
1982
1983
1984... —

73.1
83.0
93.5
97.5
102.1

1985
1986
1987
1988
1989

107.4
113.1
118.0
123.2
129.1

I960

1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979

NSA

Not seasonally adjusted




46.9
50.8
54.4
58.7
64.4

20.9
21.8
22.6
23.2
24.0
24.5
25.0
25.5
26.0

20.9
21.8
22.7
23.3
24.1
24.5
25.1
25.5
26.0

21.0
21.9
22.7
23.4
24.1
24.6
25.1
25.6
26.0

21.1
22.0
22.8
23.5
24.2
24.6
25.1
25.6
26.0

21.1
22.1
22.8
23.6
24.2
24.7
25.1
25.6
26.1

21.2
22.2
22.8
23.6
24.3
24.7
25.2
25.7
26.2

21.3
22.2
22.8
23.7
24.3
248
25.2
25.8
26.2

20.9
21.8
22.6
23.3
24.0
24.6
25.0
25.5
26.0

26.5
27.3
28.6
29.9
32.0
34.6
36.6
38.2
39.5
42.6
47.3
51.3
55.2
59.6
65.5
76.6
85.3
94.9
98.7
103.5

20.8
21.7
22.6
23.2
24.0
24.5
25.0
25.4
25.9
26.5
27.4
28.6
30.0
32.2
34.8
36.7
38.3
39.6
43.1
47.5
51.4
55.4
60.0
66.2

26.5
27.5
28.8
30.2
32,3
35.0
37.0
38.4
39.8
43.5
47.8
51.7
55.8
60.5
66.8

26.6
27.7
28.8
30.4
32.5
35.2
37.1
38.5
39.9
44.0
48.0
52.1
56.3
61.0
67.6

26.6
27.7
28.9
30.6
32.7
35.4
37.3
38.6
40.2
44.5
48.3
52.4
56.6
61.5
68.5

26.7
27.9
29.0
30.7
33.0
35.6
37.4
38.7
40.5
45.0
48.7
52.8
56.9
62.1
69.2

26.9
28.2
29.2
31.0
33.3
36.0
37.6
38.9
41.3
45.8
49.6
53.4
57.6
63.1
71.1

77.6
86.4
95.7
98.9
103.9

79.0
87.5
96.5
99.2
104.2

78.5
88.9
97.0
99.6
104.9

78.5
89.9
97.6
99.8
105.4

79.0
91.2
97.6
100.2
105.9

26.8
28.0
29.2
30.9
33.1
35.8
37.5
38.8
41.0
45.4
49.0
53.1
57.2
62.6
70,1
80.0
91.7
97.9
100.7
106.3

81.1
92.5
97.7
101.3
106.7

26.9
28.2
29.4
31.2
33.5
36.2
37.7
39.0
41.5
46.2
49.9
53.7
57.9
63.3
72.0
82.2
93.0
96.9
101.6
107.1

26.6
27.6
28.8
30.3
32.4
35.1
37.0
38.4
40.1
43.9
48.0
52.0
56.0
60.8
67.5
77.9
88.1
96.1
99.5
104.6

108.7
114.6
119.2
124.5
130.6

109.4
114.9
119.6
124.9
131.1

109.8
115.5
120.0
125.4
131.6

110.3
115.7
120.3
125.9
132.3

110.7
116.1
121.0
126.4
132.7

111.0
116.5
121.3
126.9
133.0

111.5
116.8
121.7
127.4
133.6

112.1
117.2
122.1
127.9
134.2

112.5
117.5
122.5
128.5
134.9

110.0
115.5
120.2
125.7
131.9

20.8
21.6
22.5
23.1
23.9
24.5
24.9
25.4
25.9

C-44

SURVEY OF CURRENT BUSINESS

October 1990

Historical Data for Selected Series—Continued
YEAR

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Annual

120b. Change in Consumer Price Index for services (AR,percent)
1948
1949
1950 .
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
1962
1963
1964
1965
1966
1967
1968
1969..
1970.
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989

••""•••— """"•'••
5.8
5.5
5.4
0
5.1
0
4.9
0
4.7
4.6
4.3
4.2
8.0
11.3
6.8
6.6
3.1
9.0
8.1
15.4
9.3
8.6
9,9
20.0
12.3
6.6
7.7
6.1
3.4
6.6
5.2
7.1
5.7

0
0
5.5
5.4
5.2
0
0
0
0
4.7
0
4.3
4.1
3.9
7.3
3.3
3.2
3.1
5.9
10.8
7.4
6.9
8.6
11.9
17.7
10.6
5.3
5.0
6.0
5.7
4.3
3.1
4.0
4.7

0
11.8
0
0
5.2
0
4.9
0
0
0
4.5
4.3
8.4
12.0
15.1
0
3.2
6.3
12.0
2.6
7.3
9.2
8.5
9.7
23.2
10.5
1.3
2.5
4.8
5.7
6.5
4.1
4.0
5.7

6.0
0
5.5
5.3
0
5.0
0
4.8
4.8
4.6
9.2
4.3
4.1
7.8
7.2
3.3
3.2
3.1
5.8
7.9
4.8
9.1
10.6
11.7
20.9
13.6
12.1
7.6
6.0
3.4
5.4
5.2
4.9
3.7

0
5.7
5.5
5.3
5.1
0
4.9
0
0
0
4.5
0
4.1
7.8
7.2
3.3
3.2
3.1 .
15.0
5.2
2.4
4.4
8.4
13.6
16.8
16.6
10.6
2.5
4.7
8.0
3.2
4.1
3.9
4.7

5.9
5.7
0
0
0
0
0
4.8
4.7
0
4.5
8.7
8.3
3.8
7.1
10.3
3.2
6.2
11.7
7.8
7.2
9.0
10.5
11.4
23.9
16.4
10.5
3.7
3.5
4.5
6.4
4.1
4.9
4.7

0
0
5.4
5.3
5.1
0
4.9
0
0
4.6
9.1
0
8.2
7.7
7.1
3.3
3.2
3.1
14.7
5.1
9.7
11.3
10.4
15.4
-7.3
21.0
6.4
4.9
8.4
5.6
2.1
3.0
4.9
6.6

5.9
5.6
0
5.3
0
5.0
0
4.8
0
0
0
4.2
8.2
7.6
7.0
6.7
3.2
9.4
14.5
7.8
7.1
6.6
10.3
17.2
0
14.4
7.7
2.4
5.9
4.4
4.2
7.2
4.9
3.7

5.9
5.6
5.4
5.3
5.1
0
0
0
0
4.6
9.0
4.2
4.0
11.6
7.0
3.3
3.2
9.3
14.3
10.4
9.6
6.5
12.4
13.0
7.9
18.8
0
4.9
5.8
3.3
4.2
3.0
4.9
2.7

0
5.6
0
5.2
0
5.0
0
0
4.7
4.6
4.4
8.6
8.1
3.7
7.0
3.3
3.1
15.9
11.2
7.6
7.0
6.5
10.1
16.8
16.3
6.8
3.8
6.2
4.6
5.5
3.1
4.0
4.8
5.5

5.8
5.6
0
0
5.1
0
4.9
4.8
4.7
4.6
8.9
0
4.0
7.5
6.9
3.2
3.1
9.1
11.1
15.7
7.0
8.7
10.0
18.5
17.8
11.0
-2.4
7.4
4.6
6.7
4.2
4.0
4.8
5.5

5.8
0
0
5.2
0
5.0
0
4.8
0
0
0
8.5
8.0
7.5
6.9
3.2
3.1
6.0
11.0
7.5
7.0
6.4
3.9
16.3
17.5
6.7
-9.4
3.6
4.6
4.4
3.1
4.0
5.8
6.4

4.3
2.7
4.0
2.6
2.1
1,6
2.4
1.6
2.7
4.9
4.3
6.1
7.4
8.1
4.2
3.5
6.5
11.4
8.0
7.7
7.8
9.4
13.8
14.6
13.2
4.4
4.9
5.4
5.0
4.4
4.2
4.9
5.0

3.9
4.2
3.1
4.2
2.7
1.4
1.9
2.2
1.2
2.1
5.6
3.4
6.8
7.8
7.6
4.8
3.2
5.9
13.0
6.6
7.1
8.1
10.4
13.9
9.7
16.9
6.8
4.1
5.8
5.0
4.3
4.4
4.7
4.6

3.7
4.5
2.7
4.6
2.4
1.8
1.4
1.9
1.4
2.5
5.7
4.2
6.9
7.5
7.3
4.6
3.1.
7.9
13.3
7.0
7.2
7.7
10.7
14.7
8.7
16.0
5.8
4.5
5.7
4.9
4.0
4.4
4.8
4.5

3.9
4.8
2.1
4.2
2.6
1.9
1.6
2.0
2.0
3.1
6.1
4.0
6.6
7.4
7.1
4.3
3.1
9.2
13.2
8.4
7.3
7.7
10.8
15.7
9.4
14.8
4.2
5.1
5.5
5.1
3.8
4.3
4.8
4.6

4.3
4.3
1.5
4.1
2.4
2.3
1.5
2.5
2.1
3.0
5.6
4.5
6.6
7.3
6.9
4.0
3.1
9.5
12.8
9.1
7.3
7.5
9.9
16.3
10.8
13.0
1.4
5.3
5.3
5.1
3.6
4.2
5.0
4.9

4.6
3.3
3.3
2.9
1.9
2.0
2.0
1.8
2.6
4.6
4.1
6.0
7.3
8.2
4.7
3.5
5.2
11.0
8.3
8.2
7.9
9.2
12.1
15.2
14.0
6.8
3.1
5.6
5.0
4.8
4.1
4.7
4.9

120. Change in Consumer Price Index for services, smoothed (AR, percent) t
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960.
1961
1962
1963
1964
1965
1966
1967
1968...
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980.
1981
1982
1983
1984
1985
1986
1987
1988
1989

....

4.7
4.2
1.6
3.5
2.6
2.3
1.9
2.5
2.5
3.1
5.1
4.8
6.8
7.8
6.8
4.2
3.1
9.6
12.0
10.4
7.6
7.5
9.4
17.2
11.9
11.1
.6
5.5
4.9
5.3
3.7
4.6
5.2

4.3
4.3
2.2
3.4
2.4
1.9
1.9
2.1
3.0
2.8
4.7
4.9
6.5
8.0
6.2
4.1
3.1
9.2
11.3
10.7
7.7
7.7
9.4
17.8
12.3
9.2
.7
5.7
4.8
5.3
3.7
4.7
5.2

5.1
3.8
2.3
3.5
1.9
2.1
1.6
1.6
2.9
2.8
4.4
5.4
7.1
9.1
5.1
4.0
3.5
9.3
9.7
10.5
7.9
7.9
9.5
18.9
12.4
7.0
1.0
5.7
4.8
5.5
3.8
4.7
5.3

4.8
3.7
2.7
3.2
2.1
2.0
1.9
1.7
3.1
3.7
4.2
5.5
7.5
9.5
4.2
3.8
3.7
8.9
8.6
9.5
8.2
8.4
9.8
19.8
12.5
6.4
2.1
5.7
4.7
5.5
4.0
4.7
5.1

4.8
3.9
3.3
3.2
1.9
2.3
1.8
1.6
2.8
4.3
3.5
5.4
7.8
9.4
3.5
3.6
3.7
9.5
7.5
8.0
7.9
8.6
10.5
19.9
13.2
6.6
2.8
5.6
5.0
5.3
4.1
4.6
5.0

t Data are smoothed by an autoregressive-moving-average filter developed by Statistics Canada.
AR Annual rate




2.3
4.9
3.5
3.2
2.8
1.5
2.1
2.1
1.9
2.2
4.7
3.8
5.7
7.4
9.0
4.1
3.4
4.1
10.1
6.8
7.1
7.8
9.1
11.0
20.5
14.0
7.3
3.3
5.2
5.2
5.3
4.2
4.6
4.9

3.0
4.3
3.5
3.4
2.9
1.1
2.4
2.1
1.9
2.2
5.5
3.5
6.2
7.3
8.6
4.3
3.3
4.2
11.1
6.2
6.8
8.3
9.5
11.9
17.1
15.4
7.5
3.8
5.5
5.3
4.8
4.1
4.6
5.0

3.4
4.2
3.1
3.8
2.5
1.4
2.3
2.4
1.6
1.9
5.3
3.4
6.8
7.2
8.1
4.7
3.2
4.9
12.2
6.1
6.7
8.3
9.9
13.2
12.8
16.1
7.7
3.9
5.6
5.3
4.5
4.4
4.7
4,9

C-45

SURVEY OF CURRENT BUSINESS

October 1990

Business Cycle Expansions and Contractions
Duration in months

Business cycle reference dates

December
December
June 1861
December
December

Contraction
(trough from
previous peak)

Peak

Trough

June 1857
October 1860
April 1865
June 1869
October 1873

1854
1858 ..

Cycle
Expansion
(trough to peak)

Trough from
previous trough

Peak from
previous peak

18
8
32
18

30
22
46
18
34

48
30
78
36

40
54
50
52

March 1882
March 1887
July 1890
January 1893
December 1895

65
38
13
10
17

36
22
27
20
18

99
74
35
37
37

101
60
40
30
35

June 1897
December 1900
August 1904
June 1908
January 1912

June 1899
September 1902
May 1907
January 1910
January 1913

18
18
23
13
24

24
21
33
19
12

36
42
44
46
43

42
39
56
32
36

December 1914
March 1919
July 1921
July 1924
November 1927

August 1918
January 1920
May 1923
October 1926
August 1929

23
7
18
14
13

44
10
22
27
21

35
51
28
36
40

67
17
40
41
34

March 1933
June 1938
October 1945
October 1949
May 1954

May 1937
February 1945
November 1948
July 1953
Aueust
« m%.^«.v>«. 1957
*.^^i

43
13
8
11
10

50
80
37
45
39

64
63
88
48
55

93
93
45
56
49

8
10
11
16
6
16

24
106
36
58
12

47
34
117
52
64
28

32
116
47
74
18

1854-1982 (30 cycles)
1854-1919 (16 cycles)
1919-1945 (6 cycles)
1945-1982 (8 cycles)

18
22
18
11

33
27
35
45

51
48
53
56

Average, peacetime cycles:
1854-1982 (25 cycles)
1854-1919 (14 cycles)
1919-1945 (5 cycles)
1945-1982 (6 cycles)

19
22
20
11

27
24
26
34

46
46
46
46

1867
1870

March 1879
May 1885
April 1888
May 1891
June 1894

......
.

..........................

April 1958
February 1961
November 1970
March 1975
July 1980
November 1982

.

.

.

r..

April 1960
December 1969
November 1973
January 1980
July 1981 ....

Average, all cycles:

1.29 cycles.
2. 15 cycles.
3. 24 cycles.
4. 13 cycles.
NOTE.—Figures printed in bold italic are the wartime expansions (Civil War, World Wars I and II, Korean
war, and Vietnam war), the postwar contractions, and the full cycles that include the wartime expansions.
Source: National Bureau of Economic Research, Inc.




.

>51
49
53
55

2

3
4

46
47
45
44

C-46

SURVEY OF CURRENT BUSINESS

October 1990

Specific Peak and Trough Dates for Selected Indicators
Specific peak dates corresponding to reference peaks in—
Series
no.

July 1981

Series title

Jan. 1980

Nov. 1973

Dec. 1969

Apr. 1960

Aug. 1957

July 1953

(-7)
(-9)
(-8)
(0)
(-1)
(-11)
(-6)
(+2)
(-10)
(-10)
(-15)
(-8)
(-11)

10/68
1/69
11/68
8/69
4/69
2/69
5/69
2/69
12/68
1/69
2/69
4/69
11/68

(-14)
(-11)
(-13)
(-4)
(-8)
(-10)
(-7)
(-10)
(-12)
(-11)
(-10)
(-8)
(-13)

5/59
4/59
2/59
2/59
3/59
11/58
4/59
11/58
7/59
NST
2/60
6/59
4/59

(-11)
(-12)
(-14)
(-14)
(-13)
(-17)
(-12)
(-17)
(-9)

(-24)
(-38)
(-15)
(-21)

4/73
2/73
3/73
11/73
10/73
12/72
5/73
1/74
1/73
1/73
8/72
3/73
12/72

(-2)
(-10)
(-12)

11/55
9/55
7/55
4/55
11/56
2/55
1/56
8/55
7/56
1/56
11/56
12/55
5/55

(-21)
(-23)
(-25)
(-28)
(-9)
(-30)
(-19)
(-24)
(-13)
(-19)
(-9)
(-20)
(-27)

4/53
(-3)
9/52 (-10)
4/53
(-3)
7/52 (-12)
2/53 (-5)
11/52
(-8)
5/51 (-26)
6/53
(-1)
1/53 (-6)
NST
2/53
(-5)
2/53
(-5)
10/52
(-9)

(+3)

4/60
6/60
1/60
1/60
1/60

(0)
(+2)
(-3)
(-3)
(-3)

3/57
8/57
3/57
2/57
2/57

(-5)
(0)
(-5)
(-6)
(-6)

6/53
10/53
7/53
4/53
7/53

(-1)
(+3)
(0)
(-3)
(0)

6/60 (+2)
1/61 (+9)
2/61 (+10)
7/60 (+3)
NST
12/60 (+8)
10/59 (-6)
7/60 (+3)

9/57
4/58
3/58
12/57
9/57
1/58
3/57
12/57

(+1)
(+8)
(+7)
(+4)
(+1)
(+5)
(-5)
(+4)

9/53
12/53
1/54
2/54
6/53
4/54
n.a.
12/53

(+2)
(+5)
(+6)
(+7)
(-1)
(+9)

LEADING INDICATORS
1
5
8
32
20
29
92
99
19
106
83
910
940

Average weekly hours, mfg
Average weekly initial claims (inverted)
Mfrs.' new orders in 1982 dollars, consumer goods and materials
Vendor performance, slower deliveries diffusion index
.
Contracts and orders for plant and equipment in 1982 dollars
Building permits, new private housing units
Change in mfrs.' unfilled orders in 1982 dollars, durable goods (smoothed ')
Change in sensitive materials prices (smoothed ')
Index of stock prices, 500 common stocks
Money supply M2 in 1982 dollars
Index of consumer expectations
Composite index of 11 leading indicators
Ratio, coincident index to lagging index
,

41
51
47
57
920

Employees on nonagricultural payrolls
Personal income less transfer payments in 1982 dollars
Index of industrial production
Mfg and trade sales in 1982 dollars
Composite index of 4 coincident indicators.

91
77
62
109
101
95
120
930

Average duration of unemployment (inverted)

.

12/80
7/81
10/80
4/81
4/81
9/80
12/80
12/80
11/80
NST
5/81
5/81
10/80

(-7)
(0)
(-9)
(-3)
(-3)
(-10)
(-7)
(-7)
(-8)
(-2)
(-2)
(-9)

3/79
9/78
12/78
4/79
3/79
6/78
12/78
5/79
NST
1/78
11/76
10/78
4/78

7/81
8/81
7/81
1/81
7/81

(0)
(+1)
(0)
(-6)
(0)

3/80
1/80
3/80
3/79
1/80

(+2)
(0)
(+2)
(-10)
(0)

10/74 (+11)
11/73
(0)
11/73
(0)
11/73
(0)
11/73
(0)

3/70
NST
10/69
10/69
10/69

12/81 (+5)
10/82 (+15)
1/82 (+6)
8/81 (+1)
9/82 (+14)
NST
9/81 (+2)
9/81 (+2)

7/79
6/80
6/80
4/80
3/80
11/79
6/80
4/80

(-6)
(+5)
(+5)
(+3)
(+2)
(-2)
(+5)
(*3)

9/73
3/75
3/75
9/74
9/74
4/74
10/74
12/74

10/69 (-2)
11/70 (+11)
1/70 (+1)
2/70 (+2)
8/70 (+8)
NST
4/70 (+4)
3/70 (+3)

(-10)
(-16)
(-13)
(-9)
(-10)
(-19)
(-13)
(-8)

COINCIDENT INDICATORS
.. .

(-2)
(-2)
(-2)

LAGGING INDICATORS

Change in index of labor cost per unit of output mfg (smoothed ')
Average prime ijate charged by banks
Commercial and industrial loans outstanding in 1982 dollars
Ratio, consumer installment credit to personal income
Change in Consumer Price Index for services (smoothed *)
Composite index of 7 lagging indicators

.

(-2)
(+16)
(+16)
(+10)
(+10)
(+5)
(+11)
(+13)

(+5)

Specific trough dates corresponding to reference troughs in—

Nov. 1982

July 1980

Mar. 1975

Nov. 1970

Feb. 1961

(-2)
(-4)
(-2)
(-2)

3/75
3/75
3/75
2/75
12/75
3/75
4/75
1/75
12/74
1/75
2/75
2/75
3/75

(0)
(0)
(0)
(-1)
(+9)
(0)
(+1)
(-2)
(-3)
(-2)
(-1)
(-1)
(0)

9/70 (-2)
10/70 (-1)
11/70
(0)
12/70 (+1)
10/70 (-1)
1/70 (-10)
8/70 (-3)
9/70 (-2)
6/70 (-5)
4/70 (-7)
5/70 (-6)
10/70 (-1)
11/70
(0)

12/60
2/61
1/61
3/60
3/61
12/60
5/60
1/61
10/60
NST
11/60
4/60
2/61

(0)
(0)
(0)
(-1)
(0)

4/75
2/75
3/75
3/75
3/75

(+1)
(-1)
(0)
(0)
(0)

11/70
NST
11/70
11/70
11/70

2/61
12/60
2/61
1/61
2/61

1/81 (+6)
1/81 (+6)
7/81 (+12)
8/80 (+1)
3/81 (+8)
NST
10/80 (+3)
10/80 (+3)

1/76
11/78
11/75
4/77
9/76
2/76
8/75
6/76

(+10)
(+44)
(+8)
(+25)
(+18)
(+11)
(+5)
(+15)

6/72
2/73
11/71
3/72
2/72
NST
2/73
2/72

Apr. 1958

May 1954

(0)
(0)
(0)
(-4)
(-1)
(-2)
(-2)
(-3)
(-4)
(-3)
(+1)
(-2)
(-1)

4/54
9/54
10/53
11/53
3/54
9/53
12/53
1/54
9/53
NST
11/53
11/53
12/53

(-1)
(+4)
(-7)
(-6)
(-2)
(-8)
(-5)
(-4)
(-8)

(-3)
(-10)
(0)

4/58
4/58
4/58
12/57
3/58
2/58
2/58
1/58
12/57
1/58
5/58
2/58
3/58

(0)
(-2)
(0)
(-1)
(0)

5/58
4/58
4/58
4/58
4/58

(+1)
(0)
(0)
(0)
(0)

8/54
4/54
4/54
12/53
8/54

(+3)
(-1)
(-1)
(-5)
(+3)

10/58 (+6)
5/59 (+13)
11/58 (+7)
8/58 (+4)
8/58 (+4)
11/58 (+7)
12/58 (+8)
8/58 (+4)

5/55
4/55
4/55
7/55
8/54
11/54
n.a.
2/55

(+12)
(+11)
(+11)
(+14)
(+3)
(+6)

LEADING INDICATORS
1
5
8
32
20
29
92
99
19
106
83
910
940

Average weekly hours, mfg
Average weekly initial claims (inverted)
Mfrs ' new orders in 1982 dollars consumer goods and materials
.
Vendor performance slower deliveries diffusion index
.
Contracts and orders for plant and equipment in 1982 dollars
Building permits, new private housing units
Change in mfrs/ unfilled orders in < 1982 dollars, durable goods (smoothed ')
Change in sensitive materials prices (smoothed ')
. . . .
Index of stock prices, 500 common stocks
Money supply M2 in 1982 dollars
Index of consumer expectations .
.
. . . . .
,
Composite index of 1 1 leading indicators
,
Ratio coincident index to lassins index

41
51
47
57
920

Employees on nonagricultural payrolls
Personal income less transfer payments in 1982 dollars
Index of industrial production
Mfg and trade sales in 1982 dollars
Composite index of 4 coincident indicators.
.
.

91
77
62
109
101
95
120
930

Average duration of unemployment (inverted)
Ratio, mfg. and trade inventories to sales in 1982 dollars
Change in index of labor cost per unit of output, mfg. (smoothed ')

10/82
9/82
10/82
3/82
8/82
10/81
9/82
4/82
7/82
NST
3/82
1/82
1/82

(-1)
(-2)
(-1)
(-8)
(-3)
(-13)
(-2)
(-7)
(-4)
(-8)
(-10)
(-10)

7/80
5/80
6/80
5/80
5/80
4/80
6/80
7/80
NST
5/80
3/80
5/80
5/80

12/82
9/82
12/82
10/82
12/82

(+1)
(-2)
(+1)
(-1)
(+1)

7/80
7/80
7/80
6/80
7/80

(0)
(-2)
(-1)
(-2)
(-2)
(-3)
(-1)
(0)

(-2)
(0)
(-1)
(-11)
(+1)
(-2)
(-9)
(-1)
(-4)

(-6)
(-6)
(-5)

COINCIDENT INDICATORS
(0)
(0)
(0)
(0)

LAGGING INDICATORS

Commercial and industrial loans outstanding in 1982 dollars
Ratio, consumer installment credit to personal income
Composite index of 7 lagging indicators

,

7/83 (+8)
1/84 (+14)
8/83 (+9)
7/83 (+8)
10/83 (+11)
11/82
(0)
1/83 (+2)
6/83 (+7)

(+19)
(+27)
(+12)
(+16)
(+15)
(+27)
(+15)

7/61 (+5)
4/62 (+14)
9/61 (+7)
11/65 (+57)
NST
11/61 (+9)
7/61 (+5)
8/61 (+6)

(+9)

NOTE.—Specific peak and trough dates mark the cyclical turning points in individual series; reference peak and trough dates mark the cyclical turning points in overall business activity. For the composite indexes and
their components, this table lists the specific peaks and troughs corresponding to the last seven business cycles. The leads (-) or lags (+) of the specific dates in relation to the reference dates are shown in parentheses (in
months). These specific dates should not be considered absolute; individual analysts may prefer alternative turning points for some series. See Measuring Business Cycles by Arthur F. Burns and Wesley C. Mitchell (National
Bureau of Economic Research, 1946) for detailed information on the selection of specific peaks and troughs.
n.a. Not available. This indicates that data necessary to determine a turning point are not available.
NST No specific turn. This indicates that no specific turning point corresponding to the indicated reference date is discernible.
1. This series is smoothed by an autoregressive-moving-average filter developed by Statistics Canada.




October 1990

C-47

SURVEY OF CURRENT BUSINESS

TITLES AND SOURCES OF SERIES
Series are listed below in numerical order within each of the two major groups. Series numbers are for identification only
and do not reflect relationships or order among the series. "M" following a series title indicates monthly data; "Q" indicates
quarterly data. Data apply to the whole period except when indicated by "EOM" (end of month) or "EOQ" (end of quarter).
To save space, the commonly used sources listed below are referred to by number:
Source 1—U.S. Department of Commerce, Bureau of Economic Analysis; Source 2—U.S. Department of Commerce, Bureau
of the Census; Source 3—U.S. Department of Labor, Bureau of Labor Statistics; Source A—Board of Governors of the Federal
Reserve System.
In parentheses following the source for each series is a reference to the C-page(s) on which that series appears. References
to data tables are in roman type; references to charts are in bold-italic type.

1. Cyclical Indicators
1. Average weekly hours of production or nonsupervisory workers, manufacturing
(M).—Source 3 (2,9)
5. Average weekly initial claims for unemployment insurance, State programs (M).—
U.S. Department of Labor, Employment and Training Administration; seasonal adjustment
by Bureau of Economic Analysis (2,9)
7. Manufacturers' new orders in 1982 dollars, durable goods industries (M).—Sources
land 2 (2,75)
8. Manufacturers' new orders in 1982 dollars, consumer goods and materials industries
(M).—Sources 1 and 2 (2,9)
9. Construction contracts awarded for commercial and industrial buildings, floor space
(M).—McGraw-Hill Information Systems Company; seasonal adjustment by Bureau of
Economic Analysis (Used by permission. This series may not be reproduced without
written permission from the source.) (2,16)
10. Contracts and orders for plant and equipment in current dollars (M).—Sources 1,
2, and McGraw-Hill Information Systems Company (2)
11. Newly approved capital appropriations, 1,000 manufacturing corporations (Q).—
The Conference Board (2)
12. Index of net business formation (M).—Source 1 and Dun & Bradstreet, Inc. (2,16)
13. Number of new business incorporations (M).—Dun & Bradstreet, Inc.; seasonal
adjustment by Bureau of Economic Analysis (2,16)
14. Current liabilities of business failures (M).—Dun & Bradstreet, Inc. (4)
16. Corporate profits after tax in current dollars (Q).—Source 1 (3,19)
18. Corporate profits after tax in 1982 dollars (Q).—Source 1 (3,19)
19. Index of stock prices, 500 common stocks (M).—Standard & Poor's Corporation
(3,5,10,24)
20. Contracts and orders for plant and equipment in 1982 dollars (M).—Sources 1, 2,
and McGraw-Hill Information Systems Company (2,9)
21. Average weekly overtime hours of production or nonsupervisory workers,
manufacturing (M).—Source 3 (2,13)
22. Ratio, corporate domestic profits after tax to total corporate domestic income (Q).—
Source 1 (3,19)
23. Index of spot market prices, raw industrial materials (M).—Source 3 and Commodity
Research Bureau, Inc. (Used by permission. From June 1981 forward, this series may
not be reproduced without written permission from Commodity Research Bureau, Inc.)
(3,19)
26. Ratio, implicit price deflator to unit labor cost, nonfarm business sector (Q).—
Sources 1 and 3 (3,19)
27. Manufacturers' new orders in 1982 dollars, nondefense capital goods industries
(M).—Sources 1 and 2 (2,16)
28. New private housing units started (M).—Source 2 (3,18)
29. Index of new private housing units authorized by local building permits (M).—Source
2(3,70)
30. Change in business inventories in 1982 dollars (Q).—Source 1 (3,18)
31. Change in manufacturing and trade inventories (M).—Sources 1 and 2 (3,18)
32. Vendor performance, slower deliveries diffusion index (M).—National Association of
Purchasing Management and Purchasing Management Association of Chicago (2,9)
35. Corporate net cash flow in 1982 dollars (Q).—Source 1 (3)
37. Number of persons unemployed (M).—Source 3 (2)
39. Percent of consumer installment loans delinquent 30 days and over (EOM).—
American Bankers Association (4)
40. Employees on nonagricultural payrolls, goods-producing industries (M).—Source 3
(2,13)
41. Employees on nonagricultural payrolls (M).—Source 3 (2, 77)
42. Number of persons engaged in nonagricultural activities (M).—Source 3 (2)
43. Civilian unemployment rate (M).—Source 3 (2,73)
44. Unemployment rate, persons unemployed 15 weeks and over (M).—Source 3 (2)
45. Average weekly insured unemployment rate, State programs (M).—U.S. Department
of Labor, Employment and Training Administration (2)
46. Index of help-wanted advertising in newspapers (M).—The Conference Board (2,13)
47. Index of industrial production (M).—Source 4 (2,5,71,23)




48. Employee hours in nonagricultural establishments (M).—Source 3 (2,13)
49. Value of goods output in 1982 dollars (Q).—Source 1 (2)
50. Gross national product in 1982 dollars (Q).—Source 1 (2,14)
51. Personal income less transfer payments in 1982 dollars (M).—Source 1 (2,77)
52. Personal income in 1982 dollars (M).—Source 1 (2)
53. Wages and salaries in 1982 dollars, mining, manufacturing, and construction (M).—
Source 1 (2,14)
57. Manufacturing and trade sales in 1982 dollars (M).—Sources 1 and 2 (2,77)
58. Index ^>f consumer sentiment (Q,M).—University of Michigan, Survey Research Center
(Used by permission. This series may not be reproduced without written permission from
the source.) (2)
59. Sales of retail stores in 1982 dollars (M).—Sources 1 and 2 (2,75)
60. Ratio, help-wanted advertising in newspapers to number of persons unemployed
(M).—Sources 1, 3, and The Conference Board (2)
61. New plant and equipment expenditures by business in current dollars (Q).—Source
2(3)
62. Change in index of labor cost per unit of output, manufacturing, smoothed (M).—
Sources 1 and 4 (3,72)
63. Index of unit labor cost, business sector (Q).—Source 3 (3)
66. Consumer installment credit outstanding (EOM).—Source 4 (4)
69. Manufacturers' machinery and equipment
expenditures (M).—Source 2 (3,77)

sales and business

construction

70. Manufacturing and trade inventories in 1982 dollars (EOM).—Sources 1 and 2 (3)
72. Commercial and industrial loans outstanding in current dollars (M).—Sources 1, 4,
and The Federal Reserve Bank of New York (4)
73. Index of industrial production, durable manufactures (M).—Source 4 (2,14)
74. Index of industrial production, nondurable manufactures (M).—Source 4 (2,14)
75. Index of industrial production, consumer goods (M).—Source 4 (2,75)
76. Index of industrial production, business equipment (M).—Source 4 (3,77)
77. Ratio, manufacturing and trade inventories to sales in 1982 dollars (M).—Sources
land 2 (3,72)
81. Ratio, corporate domestic profits after tax with inventory valuation and capital
consumption adjustments to total corporate domestic income (Q).—Source 1 (3,7P)
82. Capacity utilization rate, manufacturing (M).—Source 4 (2,14)
83. Index of consumer expectations (Q,M).—University of Michigan, Survey Research
Center (Used by permission. This series may not be reproduced without written
permission from the source.) (2,70)
85. Change in money supply Ml (M).—Source 4 (3,20)
86. Gross private nonresidential fixed investment in 1982 dollars (Q).—Source 1 (3,77)
87. Gross private nonresidential fixed investment in 1982 dollars, structures
Source 1 (3,77)

(Q).—

88. Gross private nonresidential fixed investment in 1982 dollars, producers' durable
equipment (Q).—Source 1 (3,77)
89. Gross private residential fixed investment in 1982 dollars (Q).—Source 1 (3,18)
90. Ratio, civilian employment to population of working age (M).—Sources 1 and 3
(2,73)
91. Average duration of unemployment in weeks (M).—Source 3 (2,72)
92. Change in manufacturers' unfilled orders in 1982 dollars, durable goods industries,
smoothed (M).—Sources 1, 2, and 3 (2,70)
93. Free reserves (M).—Source 4 (4)
94. Member bank borrowings from the Federal Reserve (M).—Source 4 (4)
95. Ratio, consumer installment credit outstanding to personal income (M).—Sources 1
and 4 (4,72)
97. Backlog of capital appropriations, 1,000 manufacturing corporations (EOQ).—The
Conference Board (2)
98. Index of producer prices for sensitive crude and intermediate materials (M).—
Sources 1 and 3 (3)
99. Change in sensitive materials prices, smoothed (M).—Sources 1, 3, and Commodity
Research Bureau, Inc. (3,70)

C-48

SURVEY OF CURRENT BUSINESS

100. New plant and equipment expenditures by business in 1982 dollars (Q).—Source 2
(3,/7)
101. Commercial and industrial loans outstanding in 1982 dollars (M).—Sources 1, 4,
and The Federal Reserve Bank of New York (4,72)
102. Change in money supply M2 (M).—Source 4 (3,20)
105. Money supply Ml in 1982 dollars (M).—Sources 1 and 4 (3)
106. Money supply M2 in 1982 dollars (M).—Sources 1 and 4 (3,10)
107. Ratio, gross national product to money supply Ml (Q).—-Sources 1 and 4 (4)
108. Ratio, personal income to money supply M2 (M).—Sources 1 and 4 (4)
109. Average prime rate charged by banks (M).—Source 4 (4,72)
110. Funds raised by private nonfinancial borrowers in credit markets (Q).—Source 4
(4,20)
111. Change in business and consumer credit outstanding (M).—Sources 1, 4, Federal
Home Loan Bank Board, and The Federal Reserve Bank of New York (4)
112. Net change in business loans (M).—Sources 1, 4, and The Federal Reserve Bank of
New York (4,20)
113. Net change in consumer installment credit (M).—Source 4 (4,20)
114. Discount rate on new issues of 91-day Treasury bills (M).—Source 4 (4,27)
115. Yield on long-term Treasury bonds (M).—U.S. Department of the Treasury (4,27)
116. Yield on new issues of high-grade corporate bonds (M).—Citibank and U.S.
Department of the Treasury (4,27)
117. Yield on municipal bonds, 20-bond average (M).—The Bond Buyer (4)
118. Secondary market yields on FHA mortgages (M).—U.S. Department of Housing and
Urban Development, Federal Housing Administration (4)
119. Federal funds rate (M).—Source 4 (4,27)
120. Change in Consumer Price Index for services, smoothed (M).—Sources 1 and 2
(3,72)
122. Index of consumer confidence (M).—The Conference Board (2)
123. Index of consumer expectations (M).—The Conference Board (2,75)
124. Capacity utilization rate, total industry (M).—Source 4 (2)
910. Composite index of 11 leading indicators (includes series 1, 5, 8, 19, 20, 29, 32, 83,
92, 99, 106) (M).—Source 1 (1,7,5)
920. Composite index of 4 coincident indicators (includes series 41,47,51,57) (M).—Source
1(1,7,5)
930. Composite index of 7 lagging indicators (includes series 62,77, 91, 95,101,109,120)
(M).—Source 1 (1,7,5)
940. Ratio, coincident composite index (series 920) to lagging composite index (series 930)
(M).—Source 1 (1,7)
950. Diffusion index of 11 leading indicator components (M).—Source 1 (1,5)
951. Diffusion index of 4 coincident indicator components (M).—Source 1 (1,5)
952. Diffusion index of 7 lagging indicator components (M).—Source 1 (1,5)
963. Diffusion index of employees on private nonagricultural payrolls, 349 industries
(M).—Source 3 (2)
990. CIBCR long-leading composite index (M).—Columbia University, Center for
International Business Cycle Research (4,27)
991. CIBCR short-leading composite index (M).—Columbia University, Center for
International Business Cycle Research (4,27)

2. Other Important Economic Measures
290. Gross saving (Q).—Source 1 (4)
292.
293.
295.
298.

Personal saving (Q).—Source 1 (4)
Personal saving rate (Q).—Source 1 (4,22)
Business saving (Q).—Source 1 (4)
Government surplus or deficit (Q).—Source 1 (4,22)

310.
311.
320.
323.

Implicit price deflator for gross national product (Q).—Source 1 (4)
Fixed-weighted price index, gross domestic business product (Q).—Source 1 (4,22)
Consumer Price Index for all urban consumers, all items (M).—Source 3 (4,5,22,23)
Consumer Price Index for all urban consumers, all items less food and energy (M).—
Source 3 (4,22)
Producer Price Index, crude materials for further processing (M).—Source 3 (4,22)
Producer Price Index, intermediate materials, supplies, and components (M).—
Source 3 (4,22)
Producer Price Index, capital equipment (M).—Source 3 (4,22)
Producer Price Index, finished consumer goods (M).—Source 3 (4,22)
Producer Price Index, finished goods (M).—Source 3 (4,22)
Producer Price Index, finished goods less foods and energy (M).—Source 3 (4,22)
Index of average hourly compensation, all employees, nonfarm business sector (Q).—
Source 3 (5)
Index of real average hourly compensation, all employees, nonfarm business sector
(Q).—Source 3 (5)
Index of output per hour, all persons, nonfarm business sector (Q).—Source 3 (5)
Index of output per hour, all persons, business sector (Q).—Source 3 (5,22)

331.
332.
333.
334.
336.
337.
345.
346.
358.
370.




441.
442.
451.
452.
453.

October 1990

Civilian labor force (M).—Source 3 (5)
Civilian employment (M).—Source 3 (5)
Civilian labor force participation rate, males 20 years and over (M).—Source 3 (5)
Civilian labor force participation rate, females 20 years and over (M).—Source 3 (5)
Civilian labor force participation rate, both sexes 16-19 years of age (M)—Source
3(5)

517. Defense Department gross obligations incurred (M).—U.S. Department of Defense,
Office of the Assistant Secretary of Defense (Comptroller), Directorate for Program and
Financial Control; seasonal adjustment by Bureau of Economic Analysis (5)
525. Defense Department prime contract awards for work performed in the United
States (M).—U.S. Department of Defense, Office of the Assistant Secretary of Defense
(Comptroller), Washington Headquarters Services, Directorate for Information Operations
and Reports; seasonal adjustment by Bureau of Economic Analysis (5)
543. Defense Department gross unpaid obligations outstanding (EOM).—U.S. Department
of Defense, Office of the Assistant Secretary of Defense (Comptroller), Directorate for
Program and Financial Control; seasonal adjustment by Bureau of Economic Analysis (5)
548. Manufacturers' new orders, defense products (M).—Source 2 (5)
557. Index of industrial production, defense and space equipment (M).—-Source 4 (5)
564. Federal Government purchases of goods and services, national defense (Q).—Source
1 (5,22)
570. Employment, defense products industries (M).—Source 3; seasonal adjustment by
Bureau of Economic Analysis (5)
602. Exports, excluding military aid shipments (M).—Source 2 (5)
604. Exports of domestic agricultural products (M).—Source 2; seasonal adjustment by
Bureau of Economic Analysis (5)
606. Exports of nonelectrical machinery (M).—Source 2; seasonal adjustment by Bureau
of Economic Analysis (5)
612. General imports (M).—Source 2 (5)
614. Imports of petroleum and petroleum products (M).—Source 2; seasonal adjustment
by Bureau of Economic Analysis (5)
616. Imports of automobiles and parts (M).—Source 2; seasonal adjustment by Bureau of
Economic Analysis (5)
618. Merchandise exports, adjusted, excluding military (Q).—Source 1 (5,22)
620. Merchandise imports, adjusted, excluding military (Q).—Source 1 (5,22)
622. Balance on merchandise trade (Q).—Source 1 (5)
721. Organisation for Economic Co-operation and Development, European countries,
index of industrial production (M).—Organisation for Economic Co-operation and
Development (Paris) (5,23)
722. United Kingdom, index of industrial production (M).—Central Statistical Office
(London) (5,23)
723. Canada, index of industrial production (M).—Statistics Canada (Ottawa) (5,23)
725. Federal Republic of Germany, index of industrial production (M).—Statistisches
Bundesamt (Wiesbaden) (5,23)
726. France, index of industrial production (M).—Institut National de la Statistique et des
Etudes Economiques (Paris) (5,23)
727. Italy, index of industrial production (M).—Istituto Centrale di Statistica (Rome) (5,23)
728. Japan, index of industrial production (M).—Ministry of International Trade and
Industry (Tokyo) (5,23)
732. United Kingdom, consumer price index (M).—Department of Employment (London);
percent changes seasonally adjusted by Bureau of Economic Analysis (5,23)
733. Canada, consumer price index (M).—Statistics Canada (Ottawa); percent changes
seasonally adjusted by Bureau of Economic Analysis (5,23)
735. Federal Republic of Germany, consumer price index (M).—Statistisches Bundesamt
(Wiesbaden); percent changes seasonally adjusted by Bureau of Economic Analysis (5,23)
736. France, consumer price index (M).—Institut National de la Statistique et des Etudes
Economiques (Paris); percent changes seasonally adjusted by Bureau of Economic
Analysis (5,23)
737. Italy, consumer price index (M).—Istituto Centrale di Statistica (Rome); percent
changes seasonally adjusted by Bureau of Economic Analysis (5,23)
738. Japan, consumer price index (M).—Bureau of Statistics, Office of the Prime Minister
(Tokyo); percent changes seasonally adjusted by Bureau of Economic Analysis (5,23)
742. United Kingdom, index of stock prices (M).—Central Statistical Office (London) (5,24)
743. Canada, index of stock prices (M).—Toronto Stock Exchange (Toronto) (5,24)
745. Federal Republic of Germany, index of stock prices (M).—Statistisches Bundesamt
(Wiesbaden) (5,24)
746. France, index of stock prices (M).—Institut National de la Statistique et des Etudes
Economiques (Paris) (5,24)
747. Italy, index of stock prices (M).—Banca d'ltalia (Rome) (5,24)
748. Japan, index of stock prices (M).—Bank of Japan (Tokyo) (5,24)
750. Index of weighted-average exchange value of U.S. dollar against currencies of 10
industrial countries (M).—Source 4 (5,24)
752. United Kingdom, exchange rate per U.S. dollar (M).—Source 4 (5,24)
753. Canada, exchange rate per U.S. dollar (M).—Source 4 (5,24)
755. Federal Republic of Germany, exchange rate per U.S. dollar (M).—Source 4 (5,24)
756. France, exchange rate per U.S. dollar (M).—Source 4 (5,24)
757. Italy, exchange rate per U.S. dollar (M).—Source 4 (5,24)
758. Japan, exchange rate per U.S. dollar (M).—Source 4 (5,24)

CURRENT BUSINESS STATISTICS

Series originating in Government agencies are not copyrighted and may be reprinted freely. Series from private sources are provided through the
courtesy of the compilers and are subject to their copyrights.
Current data for the series shown in the S-pages are available on diskette on a subscription basis or from the Commerce Department's Economic
Bulletin Board. Historical data, data sources, and methodological notes for each series are published in BUSINESS STATISTICS, 1961-88. For more information, write to Business Statistics Branch, Current Business Analysis Division (BE-53), Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230.
NOTE.—This section of the SURVEY is prepared by the Business Statistics Branch.
Unless otherwise stated in footnotes below,
data through 1988 and methodological
notes are as shown in BUSINESS STATISTICS,
1961-88

fl

Annual

..

1990

1989

1989

1988

Sept.

Aug.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

July

June

Aug.

Sept.

GENERAL BUSINESS INDICATORS
PERSONAL INCOME BY SOURCE t
Seasonally adjusted, at annual rates:
Total personal income
. .
.
bil $
Wage and salary disbursements,
total
do ...
Commodity-producing industries,
total
.
do
Manufacturing
do
Distributive industries
do...
Service industries
do ..
Govt. and govt. enterprises
do...
Other labor income
do
Proprietors' income: $
Farm
do
Nonfarm
do ...
Rental income of persons with capital
consumption adjustment
bil $
Dividends
do...
Personal interest income
doTransfer payments
..do...
Less: Personal contributions for
social insurance
do ...
Total nonfarm income
do...
DISPOSITION OF PERSONAL INCOME t
Seasonally adjusted, at annual rates:
Total personal income
.bil. $..
Less: Personal tax and nontax
payments
do
Equals: Disposable personal income
do....
Less: Personal outlays
do....
Personal consumption expenditures
do ....
Durable goods
do
Nondurable goods
do
Services
do ....
Interest paid by consumers to
business
do
Personal transfer payments to
foreigners (net)
do
Equals: personal saving .
do
Personal saving as percentage of disposable
personal income §
percent
Disposable personal income in constant (1982)
dollars
bil. $..
Personal consumption expenditures in
constant (1982) dollars
do....
Durable goods
do
Nondurable goods
do
Services
do
Implicit price deflator for personal consumption
expenditures
index, 1982—100 ....

40708

43843

43987

4 411 6

44410

44700

44967

45322

45616

45947

4 604 5 46214

2,431.1

2,573.2

2,578.1

2,593.9

2,611.4

2,603.8

2,623.0

2,633.3

2,652.2

2,669.2

2,682.4

2,695.5

6964
5240
572.0

7206

7234

7189

7260

544 1

5379

7207
5400

7181

5418

7246
5447

600.7

7714

8217

8271

2419

774.1
479.9
2435

8179

476.6

619.2
7943
4888
2489

7323
5488
635.6

446.6
2255

612.1
7860
4868
2475

7297
5458
630.9
8090
4996
2540

7252
5439
636.7

7162

612.5
7896
4846
246 1

5364
623.5
7974
4943

5414

604.7

7227
5432
609.4
7797

5026
2552

5059
2564

5086
2576

437
310.5

486
330 1

388

378

464

329.6

456
331.9

452

329.8

337.4

338.7

518
351.3

461
351.8

r

74
117.4
661.2
650.8

96
118.4

101
118.9

665.0
658.4 ,

668.5
658.6

49
123.4
681.5
691.4

r

482.1
2448

2516

626.6
8023
4973
2528

556

655

55.0

347.0

349.4

349.2

77
119.7

45
120.6

42
123.0

670.5
679.6

43
121.3
671.4
683.4

38
122.3

669.5
679.8

674.5
683.5

677.9
685.3

2214

51 1
343.3

46407 '4 663 2 '4 673 0

46968

2,711.1 '2,727.1 '2,727.7

2,745.1

r

7358

5516

7355

'7343

'551 9

'551 2

643.6
8387
5093
2588

'639.1
'8434

r

639.6

7355
5506
644.5

8516
513 5
261 2

5110
2600

'457

'429

399

353.3

'355.3

356.9

163
102.2

82
114.4

87
115.9

0
116.3

547.9
587.7

643.2
636.9

655.3

657.6

642.1

646.1

194.1
4,006.0

212.8
4,314.6

213.4
4,338.9

214.5
4,352.7

2159

2153

2163

4,374.4

4,403 6

4,429 2

2239
44599

44849

2238
45081

45282

2239
45483

2271
2282
2281
45732 '45960 '4 608 7

2294
46354

4,070.8

4,384.3

4,398.7

4,411.6

4,441.0

4,470.0

4,496.7

4,532.2

4,561.6

4,594.7

4,604.5

4,621.4

4,640.7 '4,663.2 '4,673.0

4,696.8

5916

6588
3,725.5
3,553.7

6576
3,741.0
3,597.8
3,493 1
4977

6626
3,749.0
3,599.6
3,494 4
4849

6680
3,772.9
3,605.0
34990

6679
3,802.1
3,618.1

6710

6788
3,915.9
3,706.9
35985
4824

6934
3,911.2
3,714.6
36069
4806

6980
3,923.3
3,716.2
36081
4729

1 1349
1,860.5

1 1412
1,868.3

35112
4707
1 1483
1,892.3

3,861.2
3,687.3
35791
5066

6756
3,886.1
3,695.0
35865
4873

6980
3,942.6
3,761.1
36532

4731
1 1408
1,885.1

6729
3,823.9
3,653.4
35454
4700

1 1573
1,918.1

11633
1,909.2

1 1822
1,917.1

1 1786
1,937.5

11743
1,952.0

1 1742
1,961.0

1073

1076

3,479.2
3,333.6
3,238 2
4575
1 0600
1,720.7

3 450.1
4746
1 1300
1,845.5

2212

936

1022

1035

1040

1048

1056

1068

1072

1075

1075

19
145 6

14
1718

12
143 2

12
1494

12
1679

12
1840

12
1705

9

9

9
2090

1739

191 1

42

46

41

41

44

46

46

46

49

2,800.5

2,869.0

2,875.5

2,873.4

2,872.9

2,882.9

2,893.7

2,893.1

2,900.9

2,908.7

2,606.5

2,678.2
4365
9255

2,664.3
4256

2,662.4
4226

2,682.9

9215
1 3184

9283
13337

9128
13188

2,677.3
4335
9206
1 3232

2,672.9

4210

2,681.8
4502

'57
124.3

125.0

88
125.3

684.3
r
692.1

'686.6
'695.4

688.3
700.6

r

7047
'708 1
3,958.5 '3,964.9
r
3,782.4 '3,802.6
r

r

3 673 9 '3 694 1 3 733 9
r
481 7
'476 5
487 2
4858
1 1884 1 192 1'1 202 6 1 213 6
1,983.1 '1,996.1 '2,014.9 2,033.1
107 5

107 8

'107 8

108 0

176 1

'162 3

139 9

'4 4

40

7

4

1965

207 2

181 5

52

50

48

2,901.0

2,900.4

2,907.1

2,675.3
4286
429 1
9099
9133
1 330 5 1 3369

2,667.4

2,693.6 '2,702.2 '2,698.9
430 1 r432 8
'424 5

51

7143
3,982.5
3,842.6

r

2,911.5 '2,896.8

2,887.1

4182

2,656.8
4280

9094
12789

9199

2,685.0
4468
9245

13090

13136

1 3162

9193
13193

1242

1299

1301

1305

1313

1319

1321

1335

1340

1346

1348

1353

1356

136 0

'136 9

1054

108 1

110 5

1109

109 2

1077

1068

1060

1090

108 6

107 6

107 7

111 9

'108 8

ri 19 o

do
do
do
do
do

1018
1044
1058
107 6
1036

1005
1070
1089
1109
1064

1002
1046
1120
1122
1117

1008
1000
1128
1138
1117

1018
953
1112
111 6
1107

1038
1022
1086
1101
1066

101 5
1263
1055
1082
1021

1024
1282
1044
1061
1022

1031
1200
1086
1109
1057

1021
1097
1092
1126
1049

1024
101 5
1087
111 0
1057

1005
939
109 6
1124
106 1

101 1
1037
113 6
1158
1109

'995
'108 3
'1097
110 1
109 1

'101 0
'109 8
'114 1
'114 4
113 7

do

1054

1081

1082

1082

1077

1081

1086

1075

1085

1089

1088

1094

110 1

110 3

'110 4

P

. do
do
do

1053
1056
1040

1086
1091
1067

1085
1091
1056

1088
1096
1063

1081
1085
1073

1089
1094
1074

1097
1103
1083

1084
1085
1060

1094
1097
1070

110 1
1107
1075

1098
1104
1072

1105
111 2
1074

1109
111 7
1078

'1108
111 5
'107 3

'110 9
111 7
'107 8

p

421 6
9092
1 3366

2,706.9
4327
'9169
914 5
'916 6
911 5
1 349 1 '1 352 5 '1 357 8 1 362 8

137 9

INDUSTRIAL PRODUCTION <>
Federal Reserve Board Index of Quantity Output
Not Seasonally Adjusted
Total index
By industry groups:
Mining
Utilities
Manufacturing
Durable
Nondurable

1987 100

P
101 4
#106 ^
P
115 2
P
116 0
P

114 2

Seasonally Adjusted
Total index
By market groups:
Products, total
Final products
Consumer goods

110 7

P

lll 5

112 6
"109 1

See footnotes at end of tables.




S-l

S-2

SURVEY OF CURRENT BUSINESS

Unless otherwise stated in footnotes
below, data through 1988 and
methodological notes are as shown in
BUSINESS STATISTICS, 1961-88

Annual

IT ..
units

1988

October 1990
1990

1989
1989

Aug.

Sept.

Get.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

July

June

Aug.

Sept

GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION <>—Continued
Seasonally Adjusted— Continued
By market groups—Continued
Final products—Continued
Consumer goods—Continued
Durable
1987 — 100
Automotive products
do ....
Autos and trucks
do ....
Other durable goods
do..,,
Nondurable
do
Foods and tobacco
do —
Clothing .
do
Chemical products
do....
Paper products
do....
Energy products
do
Equipment, total
do ....
Business equipment
do ....
Information processing
and related
do ....
Office and computing
machines
do ....
Industrial
do ....
Transit
do ..
Autos and trucks
do ..
Defense and space equipment
do....
Oil and gas well drilling
do....
Manufactured homes
do ....
Intermediate products
do
Construction supplies
do
Business supplies
do
Materials .. ..
do
Durable
do .
Nondurable
do ..
Energy
do ...
By industry groups:
Mining
do
Metal mining
do ...
Coal
do ..
Oil and gas extraction #
do ...
Crude oil
do ...
Natural gas
do ...
Stone and earth minerals
do ...
Utilities
do
Electric
do
Gas
. do
Manufacturing
;
do . .
Durable
do ...
Lumber and products
do ...
Furniture and
fixtures
do
Clay, glass, and stone products
do ...
Primary metals
do ...
Iron and steel
do
Nonferrous
do
Fabricated metal products
do
Nonelectrical machinery
do ...
Electrical machinery . . .
. . . do .
Transportation equipment
do ...
Motor vehicles and parts
do ...
Instruments
do
Nondurable
do
Foods
do
Tobacco products
. do
Textile mill products
do..
Apparel products
do ...
Paper and products
do ...
Printing and publishing
do ...
Chemicals and products
do ...
Rubber and plastics products
Leather and products

do ...
do ...




1093
107.0
105.6
111.1
1069
105.2
964
113.0
118.6
104.1
116.2
123.5

1121
112.2
112.9
112.0
1066
104.4
r
957
112.8
118.3
1053
116.8
124.4

1085
106.7
104.8
110.0
1070
104.5
r
958
112.5
119.7
106.8
116.9
124.6

108 0
104.5
101.5
110.8
1077
105.2
960
114.1
119.1
108.4
116.7
124.8

p

126.0

126.4

126.6

126.3

127.5

128.6

"128.7

147.2
113.9
1306
1045
97.5
106.0
92.9
1082
1073
1089
1071
1109
1052
102.0

149.3
114.2
126.2
95.2
97.3
114.3
89.7
1080
1064
1091
107.3
110.9
106.1
101.8

148.9
115.8
132.5
105.7
97.6
118.6
91.3
1083
1055
1102
107.7
112.5
105.2
101.1

150.6
116.0
137.4
112.2
r
97.6
119.5
92.8
1083
1060
1098
108.8
113.8
106.1
102.1

152.6
117.1
133.8
103.0
'97.9
116.2
90.0
1085
1064
1100
109.5
114.1
107.7
102.9

154.5
117.7
132.0
100.9
97.4
106.9
r
93.4
1084
1059
1101
109.7
115.1
106.6
102.5

"154.1
"117.1
"138.3
"113.7
"97.0
"107.4
"91.9
"1079
"1049
"1100
"109.4
"114.4
"106.2
"103.2

1011
141.4
112.9
94.6
88.7
101.1
116.5
1062
1097
933
1098
111.9
105.0
1059
107.7
105.4
1061
1043
1055
125.2
1123
107.9
103.5
1157
1075
1071
1000
99.8
99.8
102.8
111.4
109.5
109]
109.8
103.3

102.9
152.7
114.2
95.7
87.8
104.5
120.2
106.7
109.7
95.5
109.5
111.1
103.3
1076
105.1
106.4
1067
1059
1050
125.7
1113
105.1
95.8
1158
107 5
1070
98.8
100.9
98.7
105.3
112.0
110.3
1068
109.0
102.6

102.2
148.7
110.0
96.0
86.5
106.3
119.9
1071
110.3
95.2
110.3
112.6
101.7
1080
106.4
106.2
1055
1071
1071
126.9
112.4
109.0
104.0
1165
107^
106.8
97.2
102.7
99.2
104.0
112.8
109.2
1046
110.9
103.5

102.2
156.7
113.5
'94.6
r
83.8
106.4
121.1
1097
1131
r
974
r
110.8
113.4
102.0
1087
106.1
109.5
1103
1083
1067
127.5
112.8
111.0
108.0
1150
1076
106.1
95.6
103.6
99.3
104.2
112.0
110.3
1065
112.8
102.0

103.5
163.7
118.5
94.8
r
84.8
107.1
122.0
1094
1121
r
991
111.0
113.2
102.1
1094
105.6
110.2
1106
1097
1079
128.3
1121
108.9
102.7
1161
1081
106.4
r
97.8
102.8
r
99.3
107.8
111.8
110.5
1105
112.3
103.2

101.8
162.1
110.2
r
94.5
86.3
105.4
120.3
1108
113.8
r
99.9
111.2
113.6
101.5
1088
106.5
114.3
1176
1096
1082
129.2
112.4
107.6
100.9
1171
108]
107.0
r
95.4
101.8
99.3
105.5
111.6
111.2
1096
112.5
104.8

"102.1
"160.6
"113.3
"94.4

1079
106.9
105.7
108.8
1064
104.2
1016
109.5
114.3
1067
112.3
119.1

1058
1032
101.1
107.9
1056
103.3
1003
110.1
114.1
1047
113.6
120.4

1076
104.9
103.1
109.8
1060
103.7
1016
107.8
116.2
1060
113.8
120.7

1068
1029
99.7
109.8
1074
105.6
1019
110.3
117.2
1060
110.1
116.0

1057
102.4
98.4
108.4
1078
105.8
1001
111.3
118.1
1080
112.0
118.7

1068
104.5
100.1
108.6
1087
106.4
994
110.3
116.9
1152
112.9
119.9

994
852
66.3
110.6
1078
105.5
1006
112.7
116.2
1079
111.8
118.0

1062
993
92.7
111.6
1072
106.2
996
112.0
117.6
1015
113.3
120.1

1108
109.3
107.7
112.0
1066
105.8
970
111.0
116.4
1031
114.9
122.2

112.6

121.7

122.0

123.7

119.9

123.5

124.0

124.0

124.7

121.1
109.8
1144
1049
98.0
100.0
97.8
1044
1044
1044
1056
1090
1030
101.8

137.2
113.8
1238
1039
97.4
93.7
92.3
1068
1061
1073
1074
1116
105.3
101.3

139.3
113.8
1284
1016
98.9
95.3
89.5
1064
1055
1069
1078
1120
105.7
101.7

141.8
113.8
1270
103.1
98.9
97.3
87.5
1063
1052
1070
1074
112.0
104.2
101.6

132.8
112.4
112.9
976
96.6
97.3
87.9
1069
1063
1073
1071
1108
106.1
101.3

141.0
113.4
1170
980
96.7
99.9
89.4
1073
1070
1075
1070
1108
104.9
101.9

142.7
112.8
123.4
976
96.6
100.3
91.6
1079
1074
1082
1069
1104
104.3
102.7

142.7
113.5
111.4
69.6
97.5
98.3
91.6
1080
1079
1080
1062
109.4
105.4
101.2

144.3
113.4
1227
917
97.6
100.1
94.3
1084
1082
1085
1071
1108
105.8
101.7

1018
122.7
1050
99.4
97.3
102.5
106.8
1044
1046
1039
105.8
107.6
104.6
1036
106.4
110.3
1138
1054
1062
113.8
1065
105.0
105.5
1101
1031
1028
101.4
99.8
102.2
102.9
103.6
105.4
1034
105.9
99.6

1005
141.4
105.7
95.5
91.4
102.7
113.9
1070
1081
1030
108.9
110.9
103.1
1053
108.0
109.2
1093
1090
1072
121.8
109.5
107.2
104.9
1164
106^
1055
99.6
101.9
104.3
103.2
108.5
108.5
1061
108.9
103.7

1007
144.3
1031
96.3
92.6
102.9
113.3
1062
1081
992
109.1
111.3
102.4
1045
107.8
111.7
1098
1140
1065
121.8
1106
107.8
102.7
1164
1065
1048
95.0
101.5
104.7
103.0
107.8
109.6
1070
109.0
103.2

1016
145.4
109.6
95.9
91.3
102.7
114.1
1059
1071
1010
109.1
111.5
102.6
1057
106.5
109.9
1097
1098
1060
123.4
1108
108.0
103.2
1162
106 <
1054
933
101.5
104.5
102.2
109.4
107.5
1087
108.5
103.5

1007
143.2
109.9
94.3
89.6
102.0
118.0
1074
1097
991
108.4
109.4
103.2
1056
107.7
108.6
1092
1076
1059
119.0
1102
102.1
99.7
1161
1072
1068
997
101.9
103.9
105.3
109.3
109.4
1069
108.8
102.2

1012
145.9
108.1
95.5
90.5
104.2
115.8
1083
1095
1039
108.9
110.1
104.8
1044
108.2
104.8
1041
1058
1069
122.9
1101
102.8
99.0
1156
1071
1074
988
99.3
103.7
104.1
109.6
109.8
1093
109.1
99.4

1001
155.5
1035
94.0
89.6
102.0
119.7
1161
1163
1156
108.8
110.4
106.4
1051
108.6
102.6
1003
1058
1063
123.8
1101
104.4
98.7
1148
1061
1080
985
99.8
102.6
103.4
109.6
107.6
1043
110.1
103.0

1017
144.8
114.1
94.4
88.2
101.3
121.2
1068
1083
1012
108.1
108.6
106.0
1051
110.0
105.0
1046
1056
1051
123.7
1101
94.7
76.8
1160
1075
1068
1013
100.6
102.4
103.8
110.7
109.9
1086
110.7
104.3

1010
143.4
111.9
94.1
87.7
103.0
120.0
1040
1071
923
109.6
110.7
104.3
1048
108.0
107.9
1106
1040
1056
124.2
1110
103.5
94.1
1162
1081
1074
1023
103.0
102.1
105.0
112.1
110.5
1120
109.1
102.9

536,419 530,160

549,506

485,961 499,778 556,432 529,982 554,599

527,595
233,562
124393
109,169
147
052
r
55,310
r
91,742
146,981
72,388
74593

525,160
281,995
121840
110,155
145,244
53,627
91,617
147,921
13,048
74,873

521,948
232,826
123,209
109,617
146340
53,768
92,572
148J82
73,970
74,812

526391
231,003
121998
109,005
145804
52,683
93121
149,584
73,180
76404

528,549
226,704
116 716
109,988
149 877
56,217
93660
151968
76,653
75315

535,996
234,472
123,224
111,248
149904
55,037
94867
151,620
77,018
74602

538984
237,299
125 089
112,210
149 302
54,663
94639
152 383
77,612
74771

533,603
234,259
122 031
112,228
147 886
53,620
94266
151 458
76,522
74936

538,946
238,863
126 507
112,356
147 781
53,525
94256
152,302
77,766
74536

542,441
239,460
127 283
112,177
149 432
53,841
95591
153,549
78,002
75547

540,368
237,834
125 090
112,744
150 201
'54,200
r
96 001
152
333
r
76,687
r
75 646

551,862
245,863
129 029
116,834
149 643
52,839
96804
156 356
77,193
79163

4854
226.2
128.6
130.6 [

4811
2238
126.E
130.9

4827
2244
1268
131.6

4817
2231
1262
132.4

4776
2177
1279
132.0

4837
2246
1275
131.7

4866
2276
1266
132.5

4821
2246
1255
132.0

4865
2281
1252
133.1

4895
2292
1262
134.2

r
4865
r

4925
2321
1254
135.1

BUSINESS SALES
Mfg. and trade sales (unadj.), total
mil. $ . 5,883,709 6,263,424 538,787
Mfg. and trade sales (seas, adj.),
r
total
do... 1 5,883,709 '6,263,424 531,579
Manufacturing, total
do... 1 2,611,589 1 2,781,576 238,150
1 388 211 1 471 549 128347
Durable goods industries
do
Nondurable goods industries
do ... 1,223,378 1,310,027 109,803
1
731
1,650 005 1 1733,654 r!46
Retail trade, total
. do
627,370 645,524 r55,606
Durable goods stores
do ...
Nondurable goods stores
do ... 1,022,635 1,088,130 r91,125
Merchant wholesalers, total
do ... 1 1,622,115 1 1,748,194 146,698
795,372 859,960 •72,836
Durable goods establishments
do ...
826 743 888234 •73862
Nondurable goods establishments
do
Mfg. and trade sales in constant (1982)
489.3
dollars (seas adj.), total
bil. $ .
Manufacturing
do ...
230.1
128.5
Retail trade
do...
130.8
Merchant wholesalers
do...
See footnotes at end of tables.

1073
102.4
95.8
111.2
1071
105.6
960
113.5
118.1
104.1
114.7
121.6

1049
1059
105.3
104.1
1037
102.2
101 1
107.5
105.8
1045
107.6
111.8

537,166
r

562,905 r512,842 561,098
r

r

2270
1268
132.7

lll 5
"112.5
"115.2
"110.8
"1085
P
105.8
"95.7
P
115.3
"120.7
"109.1
"117.1
"125.6

"120.5
"1118
"1149
"1005
"111.4
"113.8
"99.4
"1069
"105.9
"112.5
"1153
"1086
"1073
"128.6
"112.5
"110.7
"108.5
"1176
"1083
"107.8
"94.0
"101.2
"99.0
"105.0
"111.5
"112.0
"1105
"112.7
"103.3

Unless otherwise stated in footnotes
below, data through 1988 and
methodological notes are as shown in
BUSINESS STATISTICS, 1961-88

S-3

SURVEY OF CURRENT BUSINESS

October 1990

1989

Annual

..
1T
un
1988

1989

Sept.

Aug.

1990
Nov.

Oct.

Dec.

Jan.

Mar.

Feb.

Apr.

May

June

July

Aug.

Sept.

GENERAL BUSINESS INDICATORS—Continued
BUSINESS INVENTORIES
Mfg. and trade inventories, book value
(non-LIFO basis), end of period,
(unadjusted), total
mil. $..
Mfg. and trade inventories, book value
(non-LIFO basis), end of period,
(seas, adj.), total
....
mil $
Manufacturing, total
do....
Durable goods industries....
do....
Nondurable goods industries
do ....
Retail trade, total
do ....
Durable goods stores
do ....
Nondurable goods stores
do....
Merchant wholesalers total
do
Durable goods establishments
do . . . .
Nondurable goods establishments
do ....
Mfg. and trade inventories in constant (1982)
dollars, end of period(seas adj) total. . bil. $.
Manufacturing
do
Retail trade
do
Merchant wholesalers
. do

743,191

784,384

783,810

786,474

805,456

811,676

784,384

789,371

793,733

796,483

800,989

802,482

793,798 r799,073

799,540

753,299

792,119
370,890
245,621
125,269
236,131
121,048
115,083

794,757
371,712
246,427
125,285
234,942
118,450
116,492

798,104

797,202
374,126
248,273
125,853
233,701
114,194
119,507

794,016
373,169
247,095
126,074
232,000
113,552
118,448

793,669 796,050
371,746 372,300
245,435 246,609
126,311 125,691
232,562 232,847
113,951 113,730
118,611 119,117

800,399
372,384
246,530
125,854
234,814
114,870
119,944

370,693
244,902
125,791
234,517
115,128
119,389

373,285
246,456
126,829
r
236,400
r
116,207
120,193

806,484
373,932
246,467
127,465
239,547
119,355
120,192

180 313
117,314
62,999

188 819 185 944
123,954 123,053
64,865 '62,891

185 098
122,148
62,950

188 103
123,716
64,387

795,415
371,082
246,222
124,860
235,514
117,169
118,345
188,819
123,954
64,865

796,469 r802,151

220,510
114,248
106,262

795,415 r791,363
371,082 371,489
246,222 246,378
124,860 125,111
235,514 r233,930
117,169 119,251
118,345 114,679

189 375
125,510
63,865

188 847
125,685
63,162

124,901
64,460

190 903
125,781
65,122

193 201
126,998
66,203

191 259 192 466
126,061 126,786
65,198 r65,680

128,252
64,753

699.8
336.0

698.0
335.0

702.2
335.0

699.5
336.0

695.2
335.2

6953
3340

6973
3345

7000
3349

6969
3334

r

333.6

7004
3352

6996
3346

196.2
166.8

198.2
169.0

705.1
335.7
199.8
169.6

7016

196.0
167.8

199.3
168.7

195.0
168.5

191.8
168.2

192.9
168.4

193.2
169.6

1946
170.6

1948
168.7

1955
1697

195.1
169.9

146
152
191
.52
91
49

354,163
233,666
120,497

BUSINESS INVENTORY-SALES RATIOS
Manufacturing and trade, total ....
ratio
Manufacturing, total
...do...
Durable goods industries
do...,
Materials and supplies
do...,
Work in process
do
Finished goods
do
Nondurable goods industries
do
Materials and supplies
.
do
Work in process
...
do
Finished goods
.do
Retail trade, total
do...
Durable goods stores
do ...
Nondurable goods stores
do ...
Merchant wholesalers, total
do ...
Durable goods establishments
do ...
Nondurable goods establishments
do ...
Manufacturing and trade in constant (1982)
dollars, total
.
do
Manufacturing
do
Retail trade
do
Merchant wholesalers
do
MANUFACTURERS' SHIPMENTS,
INVENTORIES, AND ORDERS
Shipments (not seas adj ) total
mil $
Durable goods industries, total
Stone, clay, and glass products
Primary metals
Blast furnaces, steel mills
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment
Motor vehicles and parts...
Instruments and related products
Nondurable goods industries, total
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
Chemical and allied products
Petroleum and coal products
Rubber and plastics products
Shipments (seas, adj.), total
By industry group:
Durable goods industries total #
Stone, clay, and glass products
Primary metals
Blast furnaces, steel mills
Fabricated metal products
Machinery except electrical
Electrical machinery
Transportation equipment ...
Motor vehicles and parts.
Instruments and related
products
Nondurable goods industries total #
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
See footnotes at end of tables.




149
1.56
1.92

.53
91
48
114
43
19
52
159
r
214

126
1.27
1.69

2 611 589 2 781 576

372,813
247,610
125,203
236,234
118,667
117,567
189,057
124,363
64,694

189 361

r
r

r

1.50
1.59
1.97

1.51
1.60
2.02

1.51
1.60
2.01

1.51
1.61
2.02

151

148

147

149

149

147

148

.54
93
50

.56
95
51
114
.42
.19
.52

.55
95
51

1.65
2.13

1.59
2.01

1.57
1.96

1.59
2.02

1.56
1.95

1.55
1.92

1.57
1.97

.55
96
50

.58
102
53

1.14

1.15

1 14

.43
19
.52

42
19
53

.53
93
49
113
42
19
52

1.62
2.21
1.27
1.27
1.69

1.61
2.21
1.27
1.27
1.68

.55
96
50
113
42
19
53
155

.55
97
51
112
42
18
52
157
212
126

.53
93
49
112
42
19
52
159
215
127
127
163
89

.52
91
49
112
42
18
52
157
214
125
125
162
86

.54
94
50
112
42
18
52
157
r

144

142
146

1 44
1 48
1 54
1 28

1 15

.43
.19
.53
1.61
r
2.19
1.25
1.26
1.69

.43
.19
.52

.85

.84

.86

.86

143
146
153
128

1 44

146
150
157
129

146
150
158
129

148
153
128

1.62
2.22
1.27
1.26
1.69

1.56
2.03
1.28
1.25
1.64

1.56

125

208
125

1.25
1.63

1.24
1.61

2.06

.85

.85

.85

.86

146
150
158
127

146
154
152
128

1 44

143
147
152
127

149
151
128

1.26

164
.87
145
149
1 54

129

1 47
1 55
1 28

1 54
1 26

214

125
126
165
r
87

193 005

1 09

41
18
50
160
226
124
123
166
82
142
1 44
1 56
1 26

207 266 234 079 249 364 234 628 240 432 254 972 r216 329 r242 350 258 094
104,013 123,396 134,397 123,058 128,441 137,966 109,067 123,910 132,574
r
r
5,179
4,772
5,656
5,864
5,626
5,532
5,481
5,606
5,159
11 441
10771
11727
11 615
12074
11757
12053 10 810 11 682
r
r
4623
4429
4742
4968
4650
4684
4344
4954
4886
14060
12129
15295 12 945 14 056
15114
14063
15202
14918
19119
25353 18 959 r20 921
21845
21900
25619
21730
24528
17 594
21588
20360
22076 18 324 r20 136
20150
19386
22747
32199
35057
31773
35142
22706
37252 r25 469 r32 485
33327
20272
13234
20030
21806
19562
22847 14 069 r20 041
22960
r
r
6399
6004
7229
6319
6943
6468
6 102
6667
7013
103,253 110,683 114,967 111,570 111 991 117 006 107 262 118 440 125 520
r
r
34,491
32,989
30,408
35,270 32,451 34,117
34,008
32,678
36,407
2334
2 108
1701
1366
2476
2387
2451
1 635 r 2294
r
r
4563
5 129
5009
5446
5160
5522
5286
5214
4210
11 249
11,015
10,543
11 342 10 735 11 180
10941
10798
11286
20553
23071 r20 612 r22 721
22834
21 583
22002
22762
23622
11 860
11 908
12468
12469 12 349 15 591
12 101
12096
17 977
r
r
7,704
6,909
7722
8100
7'550
7075
8063
7630
7861
226 704 234 472 237 299 234 259 238 863 239 460 r237 834 r245 646 243 844

do.... 1,388,211 1,471,549
64,755
64,044
do ....
do
145 416
142,196
59,248
do ..
60,950
162,639
144,064
. .do .
do ...
265,523
247,152
do..
239,351
227,136
do ..
372,910
351,927
232,849
219,257
do...
77,110
do...,
72,456
do .... 1,223,378 1,310,027
388,431
356,804
do ....
..do
24101
22240
63,606
59,774
do...
do...,
130,403
124,187
do
255 598
240 476
124 218
do
138 439
do ...
95,768
91,089
..do .

233 026
122,298
5,725
12120
4,863
13,927
20,950
19,854
31,128
19,455
6,134
110,728
32,654
1886
5,607
10,949
21 099
11 495
8,127
238,150

247 693 238 230 231 320 228 665
132,337 125,350 122,261 122,669
5,414
5,900
5,715
4,648
11,271
12059
12210
10,107
4,841
4,586
4,890
4,118
12,713
13,693
14,506
14,581
21,345
21,561
24,436
24,448
22,314
20,365
20,098
21,890
31,212
31,435
31,955
33,365
20,121
20,636
19,962
16,248
6,871
6,456
6,659
7055
115,356 112,880 109,059 105,996
32,689
33,791
34,416
32,360
2,363
2111
2331
2,527
5,754
5,428
5,657
4,500
10,641
11,091
11,046
10,105
20202
20 566
20696
21837
11545
12103
12076
12205
7,322
7,954
8,249
7,081
233,562 231,995 232,826 231,003

do
do
do
do ....
do
do
do....
do
do ....

128 347
5451
12215
4,973
14060
22 842
20,064
35295
22,598

124 393
5328
11978
4,863
13939
22245
20,312
32167
19,239

121 840
5515
11819
4,845
13983
21 985
19,930
29819
18,518

123 209
5431
11499
4,765
14114
22355
19,994
31 142
19,829

121 998
5322
10,947
4,401
13943
22206
20,839
30455
18,357

116716
5422

11 283
4,561
13 570
22213
19,900
25429
13735

123 224
5482
11 168
4,565
13837
22449
20,593
30843
18374

125 089
5387
11 392
4666
14 148
23 105
20243
32 141
19935

122 031
5352
11303
4542
13794
22058
20197
30821
18718

126 507
5?460
11475
4693
14547
22084
20'642
33438
21 134

127 283 125 090 128 619
r
r
5427
5378
5473
11 '427 11 814 11*692
r
r
4754
4654
4765
14273 14 202 14 236
22*104 r21 239 r22 489
20601 r20 604 r20 409
34692 r33 114 r35 554
21 353 r20 433 r22 165

124 528
5274
11 501
4659
14 249
22 268
20 604
32 127
18991

do ....
.do
do ..
do ....
do....
do ....
do....
do....
do ....

6,344
109 803
32,968
1,961
5,342
10,885
21,455
10,992
8,246

6,549
109 169
32258
2,008
5,216
10,857
20,877
11,902
7,943

6,595
110 155
32882
2323
5,311
10,976
21,166
11,924
7,556

6564
109 617
32858
2134
5,395
11,007
21,266
11,492
7,512

6,658
109 005
32776
2,003
4,818
10,561
21,327
12,211
7,651

6587
109 988
32550
2111
5254
10678
21045
12849
7477

6539
111 248
33290
2017
5208
10 767
21230
12672
7590

6571
112 210
33737
2001
5 180
10985
21 595
12452
7659

6548
112228
33331

6668
112 356
33890
2213
5 160
11 031
21 872
11 969
7418

r
r
6640
6701
6568
112 177 112 744 117 027
r
r
34006 33 806
34 204
r
1 918 r2338
2384
r
r
5082
4899
4959
11 129 11 086
10 885
21 947 r22 063 r22 963
11906 11 952 14 969
r
r
7493
7790
7 576

6 525
119 316
34 177
2 128
4 830
11 088
22 927
17 606
7 568

2413
5106
10801
21 821
12257
7472

SURVEY OF CURRENT BUSINESS

S-4
Unless otherwise stated in footnotes
below, data through 1988 and
methodological notes are as shown in
BUSINESS STATISTICS, 1961-88

October 1990

1989

Annual

1990

„ .,

1988

1989

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

14512
48081

14 108
48323

14743
48561

June

July

Aug.

14699
48239

14 396
r
48 756

14 352
r
49 198

14231
48719

40,893
23,432

r
40,063
r

r
41,115
r

40,727
21,278

Sept.

GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SHIPMENTS,
INVENTORIES, AND ORDERS-Continued
Shipments (seas, adj.)—Continued
By market category:
1
170 754 1 177,232
Home goods and apparel
mil $
1
501 447 1 550,072
Consumer staples
do
Equipment and defense products,
except auto
do .. . 1 433,7 58 1 465,007
Automotive equipment
do .. , 1 248,092 1 261,236
Construction materials, supplies, and
intermediate products
do .... 1 204,748 1 210,051
Other materials, supplies, and
intermediate products
do .... 1,052,790 1 1,117,978
Supplementary series:
1
1
83,076
79 081
Household durables ..
do .
Capital goods industries
do .... 1 487,056 11 520,016
1
380 418 1 413,797
Nondefense
do .
1
106,219
106 638
Defense
do .
Inventories, end of year or month:
Book value (non-LIFO basis),
364,814
(unadjusted) total
do .
348 465
241,304
229,040
Durable goods industries, total
do ....
123,510
Nondurable goods industries, total
do....
119,425
Book value (non-LIFO basis),
371 082
354 163
(seasonally adjusted) total
do
By industry group:
Durable goods industries,
246,222
233,666
total #
do...,
7,800
7,505
Stone, clay, and glass products
do...
20,565
20,279
Primary metals
do....
10,509
Blast furnaces, steel mills
do...
10,119
23,303
23,552
Fabricated metal products
do ...
Machinery, except electrical
do ...
48,061
46,729
40,730
40,683
Electrical machinery
do...
Transportation equipment
do...
72,845
63,229
Motor
vehicles
and
11846
11839
parts
do
Instruments and related
14,017
14040
products
...
.. do
By stage of fabrication:
65,252
67,375
Materials and supplies
do ...
117,303
108,392
Work in process
do. .
61,544
60,022
Finished goods
do ...
Nondurable goods industries,
124 860
120 497
total #
do
26342
26361
Food and kindred products
do
5,459
5,609
Tobacco products
do ...
8,153
7605
Textile mill products
do
12,571
12,065
Paper and allied products
do...
Chemicals and allied
28,918
27,515
products
do .
Petroleum
and
coal
10,440
8,879
products
do ...
Rubber
and plastics
10542
10326
products
do
By stage of fabrication:
47,294
Materials and supplies
do ...
46,789
20,925
19,291
Work in process
do...
57146
53912
Finished goods
do
By market category:
27,766
26,313
Home goods and apparel
do ...
45,526
44,900
Consumer staples
do ...
Equip, and defense prod.,
114,147
105,287
exc. auto
do...
14,818
Automotive equipment
do ...
14,611
Construction materials, supplies, and
25,727
25,250
intermediate products
do ...
Other materials, supplies, and
143,098
137 802
intermediate products
do
Supplementary series:
13,531
Household durables
do ...
12,791
131,867
121 064
Capital goods industries
do
93,930
85,691
Nondefense
do ...
37937
35373
Defense
do
New orders, net (unadj.), total
do ... 2,659,525 2,829,934
Durable goods industries, total
do . . . 1,435,605 1,520,403
Nondurable goods industries, total
....do ... 1,223,920 1,309,531
New orders, net (seas, adj.), total
do... 1 2,659,525 1 2,829,934
By industry group:
Durable goods industries, total
do ... 1 1,435,605 1 1,520,403
' 144,162 1 142,294
Primary metals
do..
1
1
57,030
60,250
Blast furnaces, steel mills
do ...
Nonferrous and other pri1
1
75 016
73
301
mary metals
do
Fabricated metal products
.do ... 1 142,607 1 159,875
Machinery, except electrical
.do . . . '1 254,440 '267,116
227 382 1 240,494
Electrical machinery
...... ..
do
Transportation equipment
do
'389685 1 425,298
Aircraft, missiles, and parts
do... 1 137,359 1 165,658 .
Nondurable goods industries, total
do... 1 1,223,920 1 1,309,531
Industries
with
unfilled
1
311 395 1 325 442
Industries without unfilled
1
orders A
. . . . do
912 525 1 984,089
By market category:
Home goods and apparel
do ... 11 170,251 11 177,623
550, 107
501 623
Consumer staples
.
.
do
Equip, and defense prod., exc. auto
do.... 1 468,263 1 509,043
Automotive equipment
do . . 1 247,752 1 260,071
Construction materials, supplies, and
intermediate products
do .... ' 205,294 1 208,680
Other materials, supplies, and
intermediate products
do .... 1 1,066,342 1 1,124,410
Supplementary series:
1
'83 111
Household durables
do
78 863
1
530 317 11 575 660
Capital goods industries
do
1
467
346
Nondefense
do
420
331
1
109 986 1 108,314
Defense
do .
See footnotes at end of tables.




14,823
46,622
40,285
24,963

14,657
46,076
40,530
21,578

14918
46808
38,644
20,933

14745
46780
39,184
22,205

14843
47144
39,904
20,689

14525
46630
39,973
15,967

14,622
47,318
41,044
20,716

40,638
22,303

39981
21,004

39,994
23,459

24,414

22,660

16,967

17,899

17,463

17,767

17,700

17,017

17,677

17,903

17,529

17,374

17,864

17,624

17,563

17,310

93,558

93,258

92,925

92,212

91,406

91,932

92,869

94,236

93,469

94,242

94,573

r

94,396

r

99,257

101,922

6,918
45,082
36,146
8,936

6,758
44,962
35,730
9,232

7,025
42,424
34,171
8,253

6997
42,875
34,122
8,753

7172
44,759
34,961
9,798

6882
43,680
35,187
8,493

7,069
44,984
36,826
8,158

7047
44,970
36 154
8,816

6703
44,214
35296
8,918

6918
44,474
35,297
9,177

6,921
45,721
36,623
9,098

r
6,898
r
44,048
r
35,095
r

r
6838
r
45,826
r
36,719
r

9,107

6895
45,594
36,618
8,976

372,752
247,377
125,375

369,102
244,580
124,522

370,808
245,807
125,001

371,439
246,486
124,953

364,814
241,304
123,510

372,997
246,692
126,305

375,074
248,350
126,724

372,287
246,081
126,206

374 561
248,294
126,267

375,885
249,419
126,466

370,560 r374,549 r375,909
245,153 r247,431 r247,822
125,407 127,118 128,087

374,912
245,85!
129,053

371 489

370 890

371 712

372 813

371 082

374 126

373 169

371 746

372 300

372 384

370 693 r373 285 r374 298

376 530

246,378
7,799
21,233
10,657
24,170
48,370
41,787
70,164

245,621
7,844
21,040
10,613
23,934
48,429
41,316
69,785

246,427
7,870
20,822
10,533
23,761
48,411
41,318
70,666

12,686

12339

12433

14,095

14,277

14,350

67,746
116,560
62,072

67,611
115,477
62,533

125 111
26,326
5,659
8,093
12,572

8,953

r

r

244,902 246,456 246,653
r
r
7,820
7,748
7,751
20,598 r20,826 r21,149
10,381 10,508 10,669
23,346 r23,494 r23,554
47,487 r47,627 r47,688
39,930 r39,976 r39,857
73,309 r74,388 r73,999

246,937
7,904
21,406
10,827
23,425
47,775
39,864
73,793

11,842

12415

12,136

12,061

13,692

13,695

13,587

13,532

66,924 r66,444
117,202 117,530
r
62,330 r62,679

66,411
118,180
62,346

125 791 126 829 127 645
26877 r27 079 r27 256
r
r
5,712
5,852
5,722
r
r
8294
8335
8302
12,773 12,842 12,747

129 593
27639
5,817
8399
12,763

247,610 246,222
7,832
7,800
20,742
20,565
10,570
10,509
23,732
23,303
48,061
48,681
41,191 40,730
72,845
71,725

248,273
7,770
20,528
10,629
23,970
48,339
40,972
73,772

247,095
7,758
20,559
10,672
23,933
48,277
40,836
73,119

245,435
7,727
20,240
10,482
23,681
47,714
40,471
72,869

246,609
7,751
20,330
10,477
23,657
47,943
40,414
73,709

246,530
7,668
20,302
10,352
23,511
48,094
40,228
74,031

12310

11846

12167

11,845

11625

11 880

12045

14,452

14,017

14,160

14,095

14,067

13,999

13,877

68,010
115,756
62,661

68,058
117,051
62,501

67,375
117,303
61,544

68,092
118,854
61,327

67,402
117,691
62,002

66,744
116,921
61,770

66,689
117,810
62,110

66,814
117,482
62,234

66,424
116,326
62,152

125 269
26442
5,587
8,086
12,597

125 285
26243
5,583
8140
12,605

125 203
26283
5,551
8071
12,554

124 860
26342
5,459
8153
12,571

125 853
26365
5,723
8289
12,725

126 074
26470
5,837
8,383
12,699

126 311
26677
5,748
8387
12,649

125 691
26683
5,727
8420
12,651

125 854
26835
5,633
8417
12,696

29,396

29,415

29,386

29,273

28,918

28,553

28,497

28,735

28,890

28,973

29,003

r

r

29,109

29,367

10,452

10,335

10,370

10,286

10,440

11,276

11,310

11,389

10,943

10,784

10,514

10,648

11,379

12,587

10631

10629

10640

10592

10542

10422

10337

10199

10208

10343

10363

10 435

10 459

10590

47,073
20,919
57119

46,643
20,985
57641

46,769
21,405
57111

47,069
21,146
56988

46,789
20,925
57 146

46,721
20,993
58139

46,743
20,897
58434

47,063
20,880
58368

46,876
20,760
58055

46,738
20,905
58211

46,622
20,588
58581

r
47,036
r
20,706
r

r
47,357
r
21,148
r

47,706
21,721
60166

27,218
45,788

27,548
45,777

27,729
45,731

27,937
45,711

27,766
45,526

28,025
46,062

28,007
46,226

27,973
46,315

27,648
46,399

27,644
46,476

27,479
46,611

r
27,197
r

r
27,273
r

47,305

27,304
47,714

112,073
15,845

111,923
15,428

112,353
15,447

113,574
15,266

114,147
14,818

114,892
15,145

114,019
14,882

113,507
14,677

114,156
14,976

114,393
15,110

113,092 113,508 113,617
14,845 15,482 15,152

113,542
15,027

r
r

29,199

59 087

47,060

r

59 140

r

26,087

26,025

26,059

25,987

25,727

25,788

25,697

25,777

25,779

25,596

144,478

144,189

144 393

144 338

143 098

144 214

144,338

143 497

143 342

143 165

13,687
13,513
129,122 128,834
91,720
91,803
37402
37031
229,098 247,945
118,323 132,753
110,775 115,192
236,793 234,354

13,688
129 794
92,075
37719
237,369
125,267
112,102
234,067

13,717
13,531
131,239 131,867
93,930
93,098
38141 37937
238,524 239,124
130,044 133,398
108,480 105,726
239,710 240,752

13,664
133,046
94,432
38614
213,817
110,334
103,483
227,572

13,565
132,512
93,686
38826
234,078
123,474
110,604
231,759

13,604
131 599
93,041
38558
255,140
139,645
115,495
241,071

13,568
13,589
132 263 132 299
93,573
93,426
38726
38837
235 748 239,906
123,957 128,108
111,791 111,798
236,026 241,102

126,766
11,251
4,435

125,227
11,399
4,541

124,262
11,022
4,768

130,175
11,249
4,640

131,719
10,932
4,538

117,909
11,393
4,789

120,782
10,910
4,422

128,872
11,786
4,680

123,609
11594
4,655

128,737
11,886
5,022

124,692 128,094 126,979
11,499 11,813 11 513
r
r
4,792
4,840
4856

125,210
11389
4556

5972
13,275
22,643
19,424
36,514
12,426
110,027

6012
13,689
22,554
20,898
32,555
11,570
109,127

5465
13,875
21,476
20131
33185
12,135
109,805

5828
13,800
22,676
21,609
36,779
14,901
109,535

5627
13,955
21,778
22,774
38,501
16,287
109,033

5871
13,776
22,471
19378
27,171
11,747
109,663

5695
13,543
22,343
19,921
29,923
9,109
110,977

6 108
14,186
22,334
19588
37129
15,364
112,199

6086
13,827
21,500
20444
32234
11,108
112417

5974
14,147
22,275
20 737
35516
12,394
112 365

r
r
5824
5674
6089
14,170 14,466 13,980
r
r
21,778 r22,533 r21,351
20004 20 295 20 699
33286 r34 812 r35 162
10,755 13,115 10,320
111 886 112 144 117 376

596&
14,764
22,678
19387
32773
12,425
119 304

27571

27282

27040

27485

26301

26987

27 780

28317

28710

28285

27899

r

82,456

81,845

82765

82,050

82,732

82,676

83,197

83882

83707

84080

83987

r

14,769
46,651
40,089
24,820

14,823
46040
41,707
21,423

15,148
46809
40,634
20788

14,816
46,793
44,506
22230

14,958
47084
49,545
20669

14,006
46588
41,891
15960

14,098
47298
39,536
20486

14,145
48072
44,492
22126

14,159
48 254
39,126
21 220

14,757
48501
40,586
23819

14853
48330
39,558
23060

r
48 762
r
42,982
r

17,337

17,546

17,685

17,575

17,341

17,698

17,380

17,341

17,526

17,674

17,517

17,680

17,492

93,127

92,815

93,003

93,790

91,155

91,429

92,961

94,895

95,741

95,765

93,260

r

r

99,752

101,858

6913
45086
37130
7956

6893
45980
35341
10639

7 139
45546
35*975
9 571

6994
50 168
38901
11267

7 117
54 159
44389
9770

6566
44835
38347
6488

6743
43770
36094
7 676

6879
48912
40889
8023

6 718
44979
36573
8406

6853
46009
35928
10081

7 092
44 071
36 192
7 879

rg 94Q
r
47 315
r

rg g2g
r
44 243
r
35
871
r

7 009
46 181
38367
7 814

25,670

26,030

26,368

142 996 144 359 144 921

146 575

13,467
130,902
92,434
38468
250,095
133,288
116,807
236,578

25,679

13,248
131,552
r
93,265
r
38 287
r
218,472
111,571
106,901
r
240,238

27 665
84 479

14 326

22 481

94,007

39 840
1-7475

13,379
13,363
131
629 131 572
r
93,371
93,031
r
38 201
38 598
r
237 996 258,796
119,189 133,411
118,807 125,385
r
244,355 244,514

r

28 790

28 522

r

88 586

90782

14 457

14527
48719
40,982
21 007

r
49 227
r

39,130
24 297

r

8372

17,421

Unless otherwise stated in footnotes
below, data through 1988 and
methodological notes are as shown in
BUSINESS STATISTICS, 1961-88

S-5

SURVEY OF CURRENT BUSINESS

October 1990
Annual

„ ..
1988

1990

1989

Sept.

Aug.

1989

Oct.

Nov.

Jan.

Dec.

Feb.

Mar.

Apr.

May

July

June

Aug.

Sept.

GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SHIPMENTS,
INVENTORIES, AND ORDERS— Continued
Unfilled orders, end of period (unadjusted),
total
mil $
Durable goods industries, total
do ....
Nondurable goods industries with
unfilled orders $
do....
Unfilled orders, end of period (seasonally
adjusted) total
....
...
mil $
By industry group:
Durable goods industries, total #.
do....
Primary metals
do....
Blast furnaces, steel mills
do....
Nonferrous and other primary metals
do
Fabricated metal products
do....
Machinery, except electrical
do....
Electrical machinery
do...,
Transportation equipment
do....
Aircraft,
missiles, and
parts
do
Nondurable goods industries with
unfilled orders $
do....
By market category:
Home goods and apparel.....
..do....
Consumer staples ..
do
Equip, and defense prod., excl.
auto
do ...
Automotive equipment
do....
Construction materials, supplies, and
intermediate products
do...,
Other materials, supplies, and
intermediate products
do....
Supplementary series:
Household durables ..
...
do
Capital goods industries
do
Nondefense .
.... do
Defense
do ....
BUSINESS INCORPORATIONS @
New incorporations (50 States and Dist. Col.):
Unadjusted
number .,
Seasonally adjusted
do....

463 934 509 942
443,957 490,624
19,977

19,318

492 888 493 140 492 279 499 483 509 942
471,779 472,195 472,112 479,895 490,624

516,493
496,945

19,318

19,548

21,109

20,945

20,167

19,588

516 492 522,268 523,388
497,023 502,271 503,170

522,862
502,837

19,997

20,025

19,469

20,218

517,985 r520,128 rr515,774
498,159 '500,663 495,942

516,476
496,779

19,832

19,697

519,954 518,663

519,333

19,465

19,826

r

T

468 860

514 499

495 002 495,794

497 866

504,750

514499

515,367

512,654

516,426

518,193 520,432

447,868
25,737
10,903

494,196
22,510
8,730

474,253
24,151
9,117

475,087
23,572
8,795

477,509
22,775
8,718

484,475
22,525
8,593

494,196
22,510
8,730

495,389
22,620
8,958

492,947
22,362
8,815

496,730
22,756
8,829

498,308
23,047
8,942

500,538
23,458
9,271

499,993
'499,311
497,947 r500,951
r
23,238
23,350
23,530 r23,529
r
r
9,483
9,586
9,495
9,409

12591
28,406
59,963
93,498
212,120

11 444
25,550
61,472
94,322
262,703

12634
26,210
61,779
89,985
245,266

12431
25,960
62,088
90,571
245,654

11737
25,852
61,579
90,772
249,020

11 611
25,538
61,900
254*657

11444
25,550
61,472
94,322
262,703

11,357
25,756
61,730
93,800
264,445

11,214
25,462
61,624
93,128
263,525

11,396
25,500
60,853
92,473
268,513

11,549
25,533
60,295
92,720
269,926

11,572
25,133
60,486
92,815
272,004

11,478 11,390 10,982
'25,038
25,030 '25,294
60,160 r61,454 r60,316
92,218 r r91,909 r r92,199
270,598 272,296 271,904

10,965
25,553
60,726
90,982
272,550

174 722

224 779

208 617

209 565 212 498

218 199

224 779

226,718

225,352

231,022

232,037

234,104

233,631 r235,999 r234,968

236,430

20,992

20,303

20,749

20,357

20,275

20,303

19,978

19,707

19,696

19,885

19,894

19,352

19,340

8,387
836
286,731
8,888

8,679
867

328 716
7,677

8,097
949
310,586
7,972

20,707
8,263
913
311,763
7,817

8,493
914
313,753
7,672

8,564
927
319,075
7,697

8,679
867

328 716
7,677

8,160
825
330,634
7,670

7,636
805
329,126
7,440

7,269
796
332,980
7,263

7,320
727
332,125
7,479

7,334
667
332,717
7,839

517,550

19,603
7,488
758

19,003

r

r

7,523
'793

7,418
'764

7,819
793

r

331,382 '334,301 332,316 332,571
'7,171
6,900
'7,288
7,467
13,453

13,907

157,301 156,912 157,407

157,343

13,154

13,271

15,541

13,989

13,789

13,872

13,790

13,665

13,989

14,010

13,487

13,299

13,451

13,261

148,477

154,571

153,609

153,166

153,244

154,822

154,571

154,068

154,160

154,819

157,091

158,614

6122
345 037
179 640
165,397

6099
398602
231 182
167,420

6099
6154
6157
6043
5908
377 769 378 787 381 909 389 202 398 602
215 560 215 171 216 975 221 754 231 182
162,209 163,616 164,934 167,448 167,420

5783
399,757
234,342
165,415

r
5554
'5,440
5452
5239
5289
5,410
5,304
5457
'404,819 405,406
398 543 402,485 403,250 404,785 403,135 '406,402
r
233 610 238,345 239,622 240,253 239,822 244,567 '243,719 245,468
164,933 164,140 163,628 164,532 163,313 161,835 161,100 159,938

685,095

678 421

56755
56,642

51014
54502

53175
53,282

50,214
55,180

54017
57 040

49,719
17,399
6,829
4 184
10803
3606
35 663 6
63100
25831
3,802 6
3,203.3
1,026.6

4,231
1,394
628
387
920
314
29600
5968
1889
264.8
1,091.6
86.2

3676
1,230
532
336

4,226
1,299
607
387
968
319
22239
4874
2257
159.9
201.1
93.9

3,989
1,325
530
380
832
287
20008
5660
1150
1859
158.7
104.9

3684
1,229
498
291
799
264
50854
5544
9142
945.5
235.5
110.2

INDUSTRIAL AND COMMERCIAL
FAILURES @
57,099
Failures, total
number .,
22,782
Commercial service
do ....
6,828
Construction
do....
4719
Manufacturing and mining
do
11 487
Retail trade
do
4459
Wholesale trade
do
Liabilities (current) total
..
mil $ 35 908 1
79872
Commercial service ..
. .
do
Construction
do
18786
Manufacturing and mining....
do .. 45500
Retail trade
do.... 3,936.4
Wholesale trade
do .... 2,071.7
98.0
Failure annual rate
No. per 10,000 concerns..

275
17512
4536
1697
2598
229.9
45.6

62,189
59,397

54,150
56,821

63,755
56,271

56,210
55,000

57,208
53,316

55,720
54,097

49,588
51,440

COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS t
Prices received, all farm products
1910-14 = 100.
Crops #
do...
Commercial vegetables
doCotton
do...
Feed grains and hay
do
Food grains
do
Fruit
.
...
do
Tobacco
do ....
Livestock and products # . .
do
Dairy products
do ....
Meat animals
do
Poultry and eggs ..
..
do
Prices paid:
Production items
..
.
do
All commodities and services, interest, taxes,
and wage rates (parity index)
1910-14 — 100..
Parity ratio §
do....

633
547
716
485
378
378
683
1,336
721
746
949
269

673
580
775
502
405
428
704
1318
769
826
983
314

661
554
685
508
379
417
682
1384
773
807
996
315

655
547
657
540
379
416
736
1444
768
856
968
312

662
551
703
555
371
418
771
1 418
780
905
986
291

672
555
666
552
373
412
773
1 435
796
954
988
306

679
548
699
519
375
419
674
1438
816
979
1 017
308

705
587
1,260
505
379
414
616
1398
827
960
1 042
316

693
577
1,119
512
379
399
638
1 396
814
881
1 059
298

686
555
722
541
387
392
662
1 396
822
838
1 072
330

689
566
591
549
406
391
727
1 432
818
820
1 088
302

908

956

955

974

980

1,167
54

1,220
55

54

53

1,224
54

55

55

1,246
57

1260
55

117.0

122.6

123.2

123.6

124.2

124.4

124.6

125.9

126.4

1183

1240

1246

1250

1256

1259

126 1

127 4

1280

1159
1183
117.0

1216
1237
122.4

1220
1243
123.0

1226
1248
1234

1231
1254
1240

1233
1256
1242

1235
1258
1244

1250
1267
1257

1257
127 3
1262

703
580
620
552
428
382
754
1432
831
826
1 120
288

691
557
590
526
419
349
707
1 432
831
844
1 113
289

694
564
661
531
415
319
759
1 400
831
863
1 107
286

'688
'545
'686
'545
'399
'296
'692
'1 387
'838
'875
'1 112
293

678
530
649
550
368
285
746
1 505
833
881
1 090
307

131.1

983
1 265
55

CONSUMER PRICES
(U.S. Department of Labor Indexes)
Not Seasonally Adjusted
ALL ITEMS, WAGE EARNERS AND
CLERICAL WORKERS (CPI-W)...1982-84=100 ..
ALL ITEMS, ALL URBAN CONSUMERS
(CPI-U)
1982-84-100
Special group indexes:
All items less shelter
do
All items less food
... do .
All items less medical care
do....
See footnotes at end of tables.




127.3

127.5

128.3

128.7

129.9

1287

1289

1292

1299

1304

131 6

132 7

1262
1281
1269

1265
1284
127 1

1267
1287
1273

127 3
1294
1280

127 5
1300
1285

1286
131 3
129 6

130 1
1326
1308

127.1

S-6
Unless otherwise stated in footnotes
below, data through 1988 and
methodological notes are as shown in
BUSINESS STATISTICS, 1961-88

SURVEY OF CURRENT BUSINESS
Annual

..
IT
ljnrts

1988

October 1990
1990

1989
1989

Aug.

Sept.

Nov.

Oct.

Jan.

Dec.

Mar.

Feb.

Apr.

May

June

Aug.

July

Sept

COMMODITY PRICES—Continued
CONSUMER PRICES-Continued
(U.S. Department of Labor Indexes) — Continued
Not Seasonally Adjusted
All items (CPI-U)—Continued
Commodities
1982-84 — 100
Nondurables
do ....
Nondurables less food
do....
Durables
do
Commodities less food
do....
Services
do
Food #
do
Food at home
.do
Housing
do ....
Shelter #
do ...
Rent, residential
do ....
Homeowners' cost
12/82—100.,
Fuel and other utilities #
1982-84-100.
Fuel oil and other household
fuel commodities
do....
Gas (piped) and electricity
do....
Household furnishings and operation
do...
Apparel and upkeep
do...
Transportation
do...,
Private
do...,
New cars
do...,
Used cars
do ....
Public
do....
Medical care
do ...,
Seasonally Adjusted t
All items, percent change from
previous month... .
Commodities
1982-84—100.
Commodities less food
do
Food
do
Food at home
t
do
Apparel and upkeep
••
do
Transportation
.do..
Private
do ...
New cars
do ...
Services
.
do
PRODUCER PRICES §
(U.S. Department of Labor Indexes)
Not Seasonally Adjusted
All commodities
1982—100
By stage of processing:
Crude materials for further
processing
do...
Intermediate materials, supplies, and
components
do ...
Finished goods #
.do
Finished consumer goods
do...
Capital equipment
do...
By durability of product:
Durable goods
do...
Nondurable goods
do...
Total manufactures
do...
Durable manufactures
do ...
Nondurable manufactures
do...
Farm products, processed foods and
feeds
do ...
Farm products
do...
Foods and feeds, processed
do...
Industrial commodities
do...
Chemicals and allied products
do ...
Fuels and related prod., and
power
.
do
Furniture and household durables
do...
Hides, skins, and leather products
do...
Lumber and wood products
do...
Machinery and equipment
do...
Metals and metal products
do...
Nonmetallic mineral products
do...
Pulp, paper, and allied products
do...
Rubber and plastics products
do...
Textile products and apparel
do ...
Transportation equip. #
do...
Motor vehicles and equip
do...
Seasonally Adjusted t
Finished goods, percent change from previous
month
By stage of processing:
Crude materials for further processing
1982—100.
Intermediate materials, supplies, and
Finished goods #
Finished consumer goods
Foods
Finished goods, exc. foods
Durable
Nondurable
..
Capital equipment




1167
118.2
111.7
1122
112.0
1319
125 1
1242
123.0
132.8
132.8
137.3
107.8

116 7
118.4
111.5
111 4
111.6
1331
1258
1249
124.2
134.1
133.5
138.1
109.7

1173
119.3
112.9
1113
112.4
1334
1261
1250
1243
134.1
133.9
138.9
109.7

118 1
120.1
114.1
1121
113.4
1337
1265
1254
124.4
1348
134.7
139.7
1080

1183
120.0
113.6
1130
113.4
1341
1269
1258
124.5
135.2
135.2
140.3
107.5

1182
119.8
112.6
1135
113.0
1346
127.4
126.5
124.9
135.6
135.5
140.9
108.4

1199
122.0
114.2
1138
114.1
1354
130.4
131.0
125.9
136.3
135.8
141.1
110.8

1206
122.9
115.0
1137
114.6
1360
1313
1321
126.1
136.6
136.0
141.0
110.2

121 1
123.8
116.5
1134
115.4
1369
1315
1319
126.8
137.8
136.5
142.2
109.9

1214
124.2
117.4
113 1
115.9
1371
1313
131.1
126.8
138.0
137.0
142.5
109.4

1214
124.2
117.5
1132
115.9
1376
1313
1309
127.1
138.3
137.3
143.1
109.9

121 6
124.6
117.6
1129
115.8
1388
132.0
1317
128.3
139.5
137.9
144.4
112.2

1216
124.6
117.0
1130
115.5
1399
132.7
132.5
129.2
141.1
138.7
145.4
111.3

1228
126.3
119.9
1129
117.2
1409
132.9
132.7
130.2
142.4
139.4
146.5
112.7

1246
128.7
124.1
1128
119.8
1414
133.2
132.9
130.5
142.3
140.0
147.0
114.0

78.1
104.6

81.7
107.5

78.9
111.3

79.3
111.0

82.0
107.6

83.9
106.1

88.7
107.0

113.1
107.5

95.4
108.3

91.5
107.9

89.6
106.8

88.0
107.8

84.9
112.4

82.7
111.7

91.8
111.6

104.4
112.4

109.4
115.4
108.7
107.6
116.9
118.0
123.3
138.6

1112
118.6
114.1
112.9
119.2
120.4
129.5
149.3

1114
115.0
114.3
113.1
117.7
1203
130.1
150.7

1117
120.0
1137
112.4
117.0
1198
130.1
151.7

1119
122.7
114.5
113.3
118.6
119.7
130.6
152.7

1119
122.1
115.0
113.7
120.5
120.1
131.3
153.9

111.7
119.2
115.2
113.9
121.8
119.7
131.7
154.4

112.1
116.7
117.2
115.9
122.3
118.9
134.2
155.9

112.8
120.4
117.1
115.6
121.9
117.4
136.7
157.5

112.8
125.4
116.8
115.1
121.3
116.6
139.1
158.7

112.8
126.7
117.3
115.5
120.7
116.2
140.3
159.8

113.2
125.5
117.7
115.9
120.7
116.9
140.9
160.8

113.1
123.3
118.2
116.4
120.3
117.6
141.5
161.9

113.6
120.8
118.4
116.6
119.8
118.2
141.6
163.5

113.3
122.2
120.6
119.0
119.5
118.3
141.9
165.0

113.8
126.8
123.0
121.4
119.0
118.3
144.0
165.8

.0
116.8
1119
1259
1249
1169
1142
113.0
118.5
1327

c

117.1
1122
1263
1251
1186
1139
112.7
118.1
1330

117.7
1128
1268
1256
1194
1145
113.3
118.8
1336

.3
118.0
1129
1274
1265
1194
1146
113.4
119.8
1342

.4
118.2
113 1
1280
127 1
119.0
115.0
113.8
120.8
1349

1.1
120.3
1149
1305
1308
119.0
117.4
116.2
121.6
1357

.5
121.0
1156
131 1
1315
1229
117.7
116.3
121.4
1362

.4
121.3
1158
1315
1317
124.9
117.6
116.0
121.2
1371

.1
121.2
1158
1312
1308
125.0
117.7
116.1
120.9
1375

.1
121.1
1157
1312
1305
1246
117.5
115.8
120.7
1379

.6
121.7
1161
1322
1318
124.5
118.0
116.3
120.5
1388

122.0
1163
1327
1323
124.2
118.3
116.6
120.1
1396

.8
123.0
1176
1331
1327
124.3
120.4
118.8
120.3
1406

.8
124.4
1195
1334
1330
125.2
123.2
121.7
120.1
1411

1120

1124

1128

1127

113.0

114.9

114.4

114.2

114.1

114.6

1142

1143

1165

1183

1069

1122

96.0

103.1

101.1

102.3

102.1

102.6

104.2

106.5

106.8

105.6

103.0

r

!04.7

101.0

101.2

110.2

115.1

107.1
1080
106.2
114.3

112.0
1136
112.1
118.8

112.0
1134
111.9
119.0

112.4
1136
112.2
118.9

112.3
1149
113.3
120.5

112.0
1149
113.2
120.8

111.9
115.4
113.9
120.8

113.4
117.6
116.7
121.2

112.5
1174
116.4
121.6

112.4
1172
115.9
121.9

112.8
1172
115.8
122.2

113.1
1177
116.5
122.2

112.9
1179
116.7
122.3

113.0
1180
116.9
122.5

114.4
1192
118.4
122.9

116.3
1203
119.8
122.9

114.7
101.1
109.1
114.1
104.1

119.0
107.1
114.3
118.3
110.2

119.0
106.7
114.2
118.4
110.0

119.2
107.2
114.5
118.6
110.4

120.2
107.2
115.2
119.6
110.7

119.9
107.2
115.1
119.5
110.7

119.7
107.9
115.2
119.3
111.0

120.0
110.7
116.6
119.6
113.3

120.0
109.9
116.0
119.6
112.1

120.4
109.3
116.1
120.0
112.2

120.9
108.9
116.6
120.3
112.8

120.9
109.7
117.1
120.4
113.5

120.9
109.1
117.0
120.4
113.4

121.0
109.2
116.9
120.5
113.1

121.5
112.3
118.2
120.8
1153

121.6
115.2
119.7
121.0
1179

110.0
104.9
112.7
106.3
116.3

115.4
110.9
117.8
111.6
123.0

115.0
109.3
117.9
111.4
121.9

114.5
108.0
117.9
111.9
121.4

114.5
107.8
117.9
112.4
121.4

115.5
109.0
118.9
112.1
121.0

116.6
111.5
119.3
112.3
121.0

118.3
114.9
120.2
114.1
121.2

118.4
115.7
120.0
113.6
121.7

118.9
115.3
120.9
113.2
121.8

118.5
113.3
121.2
113.2
121.9

120.1
113.7
123.5
113.5
122.3

119.7
113.1
123.1
113.1
122 .4

120.0
113.7
123.3
113.2
122.3

119.2
111.5
123.1
115.9
122.4

117.9
109.0
122.4
118.3
124.8

667
113.1
131.4
118.9
113.2
118.7
111.2
130.4
109.3
109.2
114.3
113.1

729
116.9
136.3
126.7
117.4
124.1
112.6
137.8
112.6
112.3
117.7
116.2

720
117.9
137.2
129.0
118.0
123.0
112.8
138.4
112.6
112.9
117.1
114.5

739
117.9
138.0
129.0
118.2
123.7
112.9
138.6
112.7
113.0
116.6
113.8

737
117.7
138.2
130.9
118.5
123.9
113.0
139.1
112.5
113.3
120.0
119.6

728
117.8
138.0
130.0
118.7
122.8
113.1
139.3
112.5
113.5
120.0
118.8

73.7
117.9
139.5
128.5
118.9
121.7
113.2
139.2
112.9
113.6
119.8
118.6

79.8
118.4
138.9
129.0
119.6
121.7
113.8
140.3
113.2
114.6
119.7
117.2

77.0
118.7
141.7
129.7
119.7
120.9
113.9
140.5
112.9
114.6
120.2
117.3

746
118.7
141.6
130.5
120.0
122.0
114.2
140.7
113.3
1147
120.3
117.0

734
119.0
142.9
132.4
120.2
122.9
114.3
140.9
113.3
1149
120 5
116.9

r
741
119.0
143.7
132.0
120.4
123.1
114.5
141.1
113.5
1148
1204
116.6

724
1193
142.6
130.6
120.4
122.5
114.6
140.9
113.4
1149
1208
117.4

724
1193
142.8
131.1
120.6
122.8
114.5
141.0
113.2
1149
1207
117.2

824
1194
142.0
130.1
120.8
124.1
114.6
141.1
113.2
1149
1209
117.0

910
1194
141.6
129.5
121.0
124.6
115.0
141.5
113.5
1150
1209
116.6

5

1

6

19

o

13

16

3

do
do
do
do....
do
do...
do ...,

PURCHASING POWER OF THE DOLLAR
As measured by:
Producer prices
1982—$! 00
Consumer prices
1982-84—$! 00
See footnotes at end of tables.

111 5
111.8
105.8
1104
107.7
1257
1182
1166
118.5
127.1
127.8
131.1
104.4

926
846

880
807

1011

1023

1026

1032

1047

1070

1073

1059

103 1

1030

100 1

1007

110 1

1152

111 8
1133
111 6
1185
108.2
1178
1027
1193

1122
114 1
1125
118 1
109.7
1187
1045
1201

1124
1147
1133
1197
110.1
1186
105 1
1200

1122
1148
1133
1207
109.7
1187
1044
1204

1122
1155
114 1
121 6
110.4
1192
1053
1207

1136
1177
1170
1244
113.4
1186
1097
1209

1127
1177
1168
1253
112.7
1190
1085
121 4

1128
117 5
1164
1247
112.4
1194
107 9
121 9

1129
1173
116 1
1236
112.3
1193
1079
1220

113 0
1174
1162
1240
112.4
119 5
1079
122 1

112 6
1176
116 3
1238
112.7
1204
1079
1224

112 g
117 5
116 1
1238
112.4
1206
1074
1228

114 1
119 0
1180
1248
114.6
1208
1105
1232

1162
1209
120 1
1237
118.4
1220
1152
1242

882
803

880
800

870
796

870
795

867
793

850
785

852
782

853
777

853
776

850
774

848
770

847
767

839
760

831
754

Unless otherwise stated in footnotes
below, data through 1988 and
methodological notes are as shown in
BUSINESS STATISTICS, 1961-88

8-7

SURVEY OF CURRENT BUSINESS

October 1990
,. ..
umw

Annual
1988

1990

1989

1989

Sept.

Aug.

Nov.

Oct.

Jan.

Dec.

Feb.

Mar.

Apr.

May

June

July

Aug.

••35,096
26,939
15,907
11,165

'38,283
'28,787
17,061
11,683

'39,934
'29,632
17,661
11,895

'40,874
'30,469
18,111
12,227

42,572
30,753
18,192
12,160

8,272
1,646
4,415

8,687
1,749
4,634

8,927
1,760
4,796

'9,329
1,956
'4,915

9,392
1,834
5,067

720
8,157
'3,531
r
316
132
r
421
1,971

848
'9,496
'3,735
'315
100
'455
2,823

782
10,302
'4,076
'355
136
'489
3,147

775
10,406
'4,035
'331
129
'419
'3,192

11,819
4,632
372
156
420
3,883

Sept.

CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE *
New construction (unadjusted), total
mil. $..
Private, total #
do....
Residential
do...
New housing units
do....
Nonresidential buildings, except farm and
public utilities, total #
mil. $..
Industrial
.
do
Commercial
do
Public utilities:
Public total #
do
Buildings (excl. military) #
do ....
Housing and redevelopment
do ....
Industrial
do
Military facilities
do
Highways and streets
do
New construction (seasonally adjusted at
annual rates), total
bil $
Private, total #
do..
Residential
do
New housing units
do...,
Nonresidential buildings, except farm and
public utilities, total # .
bil $
Industrial
do
Commercial
do .
Public utilities:
Telecommunications
do ...
Public, total #
....
do
Buildings (excl. military) $
do
Housing and redevelopment ...
.
do
Industrial....
do..
Military facilities
do
Highways and streets
do
CONSTRUCTION CONTRACTS
Construction contracts (F.W. Dodge
Division, McGraw-Hill):
Valuation total
mil $
Index (mo data seas, adj.)
1982—100
Public ownership
mil. $
Private ownership
do..
By type of building:
Nonresidential
do
Residential
do
Non-building construction
do ....
New construction planning
(Engineering News-Record) §....
do....
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total (private and public)
thous
Privately owned
do....
One-family structures
do....
Seasonally adjusted at annual rates: <)
Total privately owned
do
One-family structures
do
New private housing units authorized by building
permits (17,000 permit-issuing places): t
Monthly data are seas. adj. at annual rates:
Total
thous
One-family structures
do..
Manufacturers' shipments of mobile homes:
Unadjusted
thous ..
Seasonally adjusted at annual
rates®
do
CONSTRUCTION COST INDEXES
Bureau of the Census:
Composite fixed-weighted price
index *
1987=100..
Implicit price deflator *...
do....
Boeckh indexes:
Average, 20 cities:
Apartments,
hotels,
office
buildings
1982-100
Commercial and factory buildings
do
Residences
do
Engineering News-Record:
Building...
1967=100..
Construction
do
Federal Highway Adm. —Highway construction:
Composite (avg. for year or qtr.) $$ 1987 = 100..
See footnotes at end of tables.




422,075 432,067
327,102 333,515
198,101 196,551
138,947 139,202

41,795
31,564
19,062
13,231

40,757
30,389
18,112
12,756

39,782
30,450
17,799
12,399

37,721
28,931
16,665
11,858

32,978
25,486
14,020
9,964

29,954
23,057
13,023
9,499

29,497
22,828
12,674
9,197

32,954
25,751
14,803
10,737

97,102
14,930
58,103

103,358
18,507
59,388

9,547
1,717
5,469

9,472
1,826
5,377

9,557
1,787
5,486

9,271
1,690
5,333

8,277
1,635
4,637

7,620
1,415
4,227

7,712
1,542
4,242

8,184
1,622
4,430

9,801
94,973
36,163
3,366
1,413
3,579
30,141

9,132
98,551
39,202
3,841
1,300
3,520
29,502

813
10,230
3,805
376
121
317
3,639

728
10,367
3,668
331
165
412
3,492

802
9,332
3,442
349
87
173
3,245

791
8,790
3,446
345
93
305
2,620

879
7,492
3,276
328
111
296
1,826

597
6,898
3,133
286
121
320
1,465

614
6,668
3,131
279
79
324
1,400

768
7,203
3,296
322
151
425
1,492

433.9
335.0
195.6
138.2

433.4
332.1
193.0
135.8

429.3
332.1
192.1
134.8

433.4
329.8
190.9
135.2

432.0
325.0
189.6
135.3

446.0
338.1
200.1
140.0

455.6
343.1
203.0
144.6

457.3
347.4
206.9
145.3

'444.7
'338.8
'200.2
140.0

'443.8
'334.0
196.1
136.6

'441.1
'329.6
189.5
130.5

'442.4
'333.9
189.1
129.3

442.5
327.4
186.9
127.6

106.2
19.4
59.9

105.9
20.0
59.3

106.5
19.2
61.4

105.0
19.1
59.6

100.0
18.9
57.1

102.7
19.7
57.4

105.1
21.1
58.7

104.9
21.1
57.2

103.8
'21.0
55.8

102.9
'20.8
'54.7

105.1
'20.4
'56.6

109.5
'23.7
'57.2

104.8
20.7
55.8

8.6
99.0
40.1
45
L5
3.8
29.2

8.6
101.3
40.0
4.0
2.0
4.9
29.7

8.6
97.1
39.6
4.2
1.0
2.1
28.4

8.9
103.5
41.6
4.1
1.1
3.7
30.4

9.8
107.0
42.5
3.9
1.3
3.6
33.5

9.1
107.9
42.3
3.4
1.5
3.8
31.9

8.9
112.5
43.7
3.3
.9
3.9
37.0

9.4
109.9
44.0
3.9
1.8
5.1
32.4

9.4
106.0
'43.5
'3.8
1.6
'5.1
'29.7

9.5
109.8
'44.4
'3.8
1.2
'5.5
'30.7

9.3
111.5
'46.3
'4.3
1.6
'5.9
'30.3

9.2
108.5
'44.5
'4.0
1.5
'5.0
'28.8

115.1
48.4
4.5
1.9
5.0
31.4

261,163
'170
67,875 71,305
192,876 189,859

25,884
174
7,035
18,850

'25,267
186
r
7,130
r
!8,137

22,669
183
6,278
16,391

19,137
169
5,373
13,764

16,629
166
4,586
12,043

16,471
161
4,309
12,162

14,863
155
3,845
11,017

20,919
161
5,953
14,967

20,160
147
5,629
14,531

23,576
160
7,320
16,256

23,027
159
7,356
15,671

20,893
152
6,431
14,462

21,539
146
6,675
14,865

19,248
147
5,783
13,465

90,624
121,940
48,188

93,058
120,436
47,670

9,521
11,838
4,525

10,119
10,600
'4,548

8,533
10,517
3,619

6,778
8,950
3,409

6,167
7,262
3,200

6,238
7,579
2,655

4,821
7,240
2,801

7,086
9,940
3,894

6,381
9,722
4,058

7,502
10,946
5,128

7,903
10,433
4,692

7,323
9,745
3,825

7,174
9,941
4,424

7,173
8,463
3,612

283,448

275,118

25,170

21,042

25,564

23,182

19,075

18,132

22,463

22,343

18,230

17,134

15,279

15,564

19,935

(3)
1,488.1
1,081.3

(3)
1,376.1
1,003.3

122.4
91.7

109.3
82.4

130.1
91.2

96.6
71.9

75.0
53.4

99.2
67.9

86.9
65.9

108.5
83.2

119.0
90.0

121.1
92.4

117.8
88.9

111.2
'85.5

103.8
'76.1

95.4
73.3

1,325
987

1,263
969

1,423
1,023

1,347
1,010

1,273
931

1,568
1,099

1,488
1,154

1,307
996

1,216
905

1,206
897

1,189
889

1,153
'875

1,142
'841

1,135
877

1,006
733

260,752

nee

r

r

1,456
994

1,338
932

1,334
933

1,310
946

1,362
959

1,364
984

1,416
984

1,739
985

1,297
974

1,232
912

1,108
813

1,065
802

1,108
796

1,082
780

1,050
'762

218.3

198.1

19.4

16.5

17.7

15.1

11.7

13.4

13.7

16.2

16.2

18.1

17.4

15.1

19.5

194

186

190

189

189

195

200

193

189

191

191

184

195

107.9
108.6

108.0
108.6

107.9
108.5

107.9
108.6

108.0
108.8

108.3
109.2

108.6
109.5

108.8
109.8

108.8
109.5

109.2
109.8

109.5
110.0

109.8
110.4

110.0
110.5

103.8
104.2

107.2
108.0

120.2
118.3
122.3

124.6
123.4
127.3

384.6
420.7

390.7
428.8

106.6

107.7

125.5
125.1
1287

390.6
428.8

394.9
432.5
109.1

126.5
1260
130.3

125.5
1252
128.8

395.4
432.5

395.8
433.4

396.6
435.6
107.1

395.7
435.0

1270
126.9
1307

1266
126.3
130.3

395.9
435.2

397.4
437.6
111.2

397.3
437.8

399.3
437.3

1280
127.9
1317

403.4
440.8

403.4
440.8

:::::::::::::

=

128.7
128.6
132.5

402.8
442.4

2
404.0
2

442.7

SURVEY OF CURRENT BUSINESS

8-8
Unless otherwise stated in footnotes
below, data through 1988 and
methodological notes are as shown in
BUSINESS STATISTICS, 1961-88

n
\t
unn a
™

1988

October 1990

1989

Annual

1989

Aug.

Oct.

Sept.

1990
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

CONSTRUCTION AND REAL ESTATE—Continued
REAL ESTATE <>
Mortgage applications for new home construction:
10.9
10.2
9.0
12.8
10.4
12.5
117.3
104.9
FHA applications
thous. units..
9.3
10.4
10.3
9.4
9.0
7.6
9.5
11.6
118
112
133
110
141
151
132
142
Seasonally adjusted annual rates
do....
129
119
112
113
115
117
8.9
7.7
8.9
8.0
10.4
9.0
7.0
109.6
150.8
Requests for VA appraisals
do....
9.5
7.9
4.4
9.5
8.5
6.9
98
111
91
106
85
87
106
105
132
145
108
Seasonally adjusted annual rates
do....
85
87
Home mortgages insured or guaranteed by:
Fed Hous Adm ° Face amount
mil $ 42,577.16 45,893.24 3,511.30 4,325.96 4,790.37 5,332.30 3,541.91 4,428.43 4,075.71 4,442.46 4,267.19 4,381.55 4,288.59 4,509.24 4,764.17 4,319.28
Vet Adm ' Face amount §
do 15,773.84 14,041.80 1,102.03 1,032.98 1,217.43 1,326.48 1,192.67 1,405.07 1,386.13 1,537.57 1,157.15 1,236.42 1,308.89 1,253.50 1,572.64
Federal Home Loan Banks, outstanding advances
to member institutions, end of
152,777 141,794 156,293 151,101 148,745 145,337 141,794 138,108 136,626 132,853 131,210 130,752 126,296 122,544 121,988 117,887
period
....
.. mil $
New mortgage loans of SAIF-insured
14,621
11,973 11,161 14,311 13,704
15,702 15,683
16,534
institutions, estimated total @
mil. $., 240,298 2 186,567
14,325 15,208
By purpose of loan:
1,694
1,803
1,628
1,744
1,306
1,819
1,672
1,957
2,332
29,555 2 2 24,952
Home construction
do
1,324
12,699 11,652 12,070
176,407 2142,432
9,037 11,765 11,281 12,140
9,868
12,774 12,390
Home purchase
do
786
795
798
1,319
1,002
1,180
1,355
1,427
19,183
34,336
803
801
All other purposes
do...,

DOMESTIC TRADE
ADVERTISING
Magazine advertising (Leading National
Advertisers):
Cost, total ... .
Apparel and accessories
Automotive, incl. accessories
Building materials
Drugs and toiletries
Foods, soft drinks, confectionery
Beer wine liquors
HoUshold equip., supplies, furnishings
Industrial materials

mil. $
do . .
do ....
do....
.do....
do
do

do ....
do ....

Smoking materials
do
All other
do
Newspaper advertising expenditures (Newspaper
Advertising Bureau, Inc.):
Total
mil. $..
Classified
do
National
do
Retail
do

31,197
11,771
3,586
15,840

32,368
12,245
3,239
16,885

WHOLESALE TRADE t
Merchant wholesalers sales (unadj.),
total
mil. $..1,622,115 1,748,194
795,372 859,960
Durable goods establishments
do
Nondurable goods establishments
do . . . . 826,743 888,234
Merchant wholesalers inventories, book value
(non-LIFO_ basis),
end of period (unadj.), total
mil. $.. 180,943 189,042
115,647 122,053
Durable goods establishments
do
65,296 66,989
Nondurable goods establishments
do
RETAIL TRADE *
All retail stores:
Estimated sales (unadj ) total
mil $ 1,650,005
627,370
Durable goods stores #
do
Building materials, hardware, garden
supply, and mobile home dealers mil. $.. 91,206
371,573
Furniture, home furnishings,
and equipment
do.... 85,395
Nondurable goods stores
do.... 1,022,635
General merch group stores
do .... 191,800
326,504
Food stores
do
Gasoline service stations
do.... 107,906
Apparel and accessory stores
....do.... 84,865
Eating and drinking places
do.... 165,511
57,444
Drug and proprietary stores
do ..
19,605
Estimated sales (seas adj ) total
do...
Durable goods stores #
.do....
Bldg. materials, hardware, garden supply and mobile home dealers #
mil $
Building materials and
supply stores
. do
Hardware stores
.... do
Automotive dealers
.
do....
Motor vehicle and miscellaneous
auto dealers
do
Auto and home supply
stores
do
Furniture, home furnishings,
and equipment #
do....
Furniture, home furnishings stores
do
Household appliance, radio, and
TV stores
do....
See footnotes at end of tables.




8,952
3,228
841
4782

7,829
3,104
753
3,972

8,307
2,844
1,099
4345

7,296
2,495
965
3,835

152,731 145,394
76,020 73,080
76,711 72,314

155,847
78,451
77,396

150,006
74,608
75,398

144,355
69,247
75,108

146,135 138,361 158,734
71,238
69,070 80,795
74,897 69,291 77,939

150,395
76,808
73,587

154,461 147,580
79,475 '74,234
74,986 '73,346

162,054
80,120
81,934

182,299
122,371
59,928

183,868
122,335
61,533

189,404
123,856
65,548

189,822
123,652
66,170

189,042
122,053
66,989

190,390 190,475
124,313 125,488
66,077 64,987

190,909
125,562
65,347

192,411 192,015 190,333 191,188
127,344 128,124 126,390 127,824
65,067 63,891 63,943 '63,364

189,296
127,526
61,770

1,733,654
645,524

153,030
59,703

144,079
54,908

142,342
51,707

148,834 176,486
51,951 57,004

132,560 127,338
49,283 46,720

148,334
54,970

144,959
53,956

93,018
377,690

8,808
36,166

8,029
32,969

8,153
29,678

5,911
27,776

7,456
33,326

8,061
32,279

9,277
34,506

7,541
6,698
93,364
80,618
12,674 16,189
27,304 30,949
9,772
8,786
7,565
5,668
15,229
13,262
5,277
4,902
1,603
1,419
149,904 149,302
54,663
55,037

7,144
91,003
15,954
29,491
9,804
7,632
15,028
5,335
1,573
147,886
53,620

7,609
95,810
16,977
31,397
10,426
7,749
15,728
5,494
1,690
147,781
53,525

90,016
1,088,130
202,570
349,269
115,534
91,227
173,527
61,104
20,009

6,841
26,475

6,065
29,915

7,421
7,346
9,993
8,234
7,696
93,327 89,171 90,635 96,883 119,482
16,532 21,098 32,336
15,600
16,616
29,248 32,352
29,396 28,718
30,140
9,865
9,761
9,529
9,593
10,264
7,546
7,533
8,708 12,844
8,107
14,519
14,677 14,728 13,999
15,672
6,754
5,217
5,051
4,936
5,065
2,311
1,591
1,651
1,658
1,716
146,731 147,052 145,244 146,340 145,804
'55,606 '55,310 53,627 53,768 52,683

7,150
83,277
12,069
28,470
9,427
5,802
13,478
5,254
1,478
149,877
56,217

7,517
28,344

160,026
81,467
78,559

154,141 153,472 148,933 156,760 '145,382
58,331 57,730 '55,397 '56,885 '51,971
9,108
34,263

'8,611
'32,933

'8,578 '7,917
'33,643 '30,563

'7,587 '7,192
'7,324
7,551
95,742 '93,536 '99,875 '93,411
16,746 15,313 17,503 '15,848
31,671 '31,302 '31,877 '30,294
10,633 10,723 11,713 '11,174
'8,517 '7,682
'7,116
7,631
16,152 16,273 16,726 '15,455
'5,547 '5,220
'5,327
5,393
1,792
1,825
1,775
149,432 150,201 149,643 ' 151,242
53,841 '54,200 '52,839 '53,574

'7,973

'7,790

7,699

7,769

7,567

7,839

8,062

7,890

7,631

7,691

7,961

'7,959

'7,864

'5,717
1,026
'32,869

5,600
1,025
'32,751

5,591
1,012
31,230

5,611
1,022
31,111

5,495
989
30,429

5,794
1,038
33,274

5,974
1,059
31,408

5,806
1,062
31,484

5,634
1,046
30,837

5,611
1,052
30,854

5,679
1,088
31,108

'5,665
1,071
'31,429

5,596
1,049
'30,268

'31,135

'30,274

'30,076

28,592

28,395

27,700

30,533

28,619

28,706

28,090

28,133

28,379

'28,729

'27,618

'28,507

2,595

'2,675

2,638

2,716

2,729

2,741

2,789

2,778

2,747

2,721

2,729

'2,700

2,650

'7,558

'7,524

7,573

7,674

7,406

7,682

7,813

7,804

7,797

7,767

7,613

'7,614

'7,478

'4,151

'4,047

4,077

4,250

3,987

4,235

4,228

4,214

4,167

4,158

4,104

'4,103

4,035

'2.726

'2.754

2.777

2.697

2,713

2.743

2.843

2.847

2,895

2.909

2.813

'2.812

2.746

'7,823

'7,531

Unless otherwise stated in footnotes
below, data through 1988 and
methodological notes are as shown in
BUSINESS STATISTICS, 1961-88

S-9

SURVEY OF CURRENT BUSINESS

October 1990
n
u

..

1988

1990

1989

Annual

1989

Sept.

Aug.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

DOMESTIC TRADE—Continued
RETAIL TRADE t— Continued
All retail stores—Continued
Estimated sales (seas, adj.)— Continued
r
91 125
Nondurable goods stores
mil $
16,792
General merch. group stores
do....
Department stores excluding
13,582
leased departments
do....
r
592
Variety stores
do ...
r
Food stores
do
29
361
r
27,712
Grocery stores
do....
r
9513
Gasoline service stations
do
r
7719
Apparel and accessory stores #
do
Men's and boys' clothing and
r
779
furnishings stores
do ...,
Women's clothing, specialty stores,
r
2727
and furriers
do
1 422
Shoe stores
.
.
do
Eating and drinking places..
do .,
14
511
r
5,121
Drug and proprietary stores
do....
1,684
Liquor stores
do....
Estimated inventories, end of period:
Book value (non-LIFO basis),
(unadjusted), total
mil. $.. 215 022 230 528 228,759
Durable goods stores #
do .... 112 658 117 896 113,596
Bldg. materials, hardware, garden sup15747
15 211 15244
ply and mobile home dealers
do
Automotive dealers
do
60987 65 151 59380
Furniture, home furnishings,
and equipment
do ....
16117
16130 16156
Nondurable goods stores #
do..., 102,364 112,632 115,163
General merch. group stores
do...,
42,672
36,068 40,479
Department stores excluding
leased departments
do .... 27,920 31,572
32,859
22223
Food stores
do
21 844 23495
Apparel and accessory
stores
do ....
19,738
16,502 17 048
Book value (non-LIFO basis),
r
(seas adj.), total
do
219 791 235 514 233 930
Durable goods stores #
.. do
112254 117 169 119 251
Bldg. materials, hardware, garden sup15,946 15,842
ply, and mobile home dealers
do...,
15,928
Automotive dealers
do
59080 62945 r65 053
Furniture, home furn.,
and equip
do.... 16,179
16,205 16,247
Nondurable goods stores #
do..., 107 537 118 345 114 679
General merch. group stores
do.... 39,718 44,597 '42,581
Department stores excluding
leased departments
do .... 30,614 34,656 rr33,091
21733 23 399 22 615
Food stores
do
Apparel and accessory
18035 18652 18 979
Firms with 11 or more stores:
Estimated sales (unadj.), total
mil. $.. 608,039 649,144
54,922
Durable goods stores
do
6582
72941 77 600
Auto and home supply stores
do ....
767
8,240
7,546
Nondurable goods stores #
do.... 535,098 571,544
48,340
General merchandise group
stores
do
176 335 186 082
15261
Food stores
.
do
16537
185 099 196 000
Grocery stores
do.... 182,709 193,503
16,348
Apparel and accessory stores
do .... 45,474 49,667
4,558
Eating places
do .... 41,686 44426
4,015
Drug stores and proprietary
stores
...
' do
3017
33759 36685
Estimated sales(sea. adj.), total*
do....
54337
Auto and home supply stores
do....
699
Department stores excluding
leased departments
do
13 135
Variety stores
do....
468
Grocery stores
do
16 138
Apparel and accessory stores
do....
4,234
Women's clothing, specialty stores,
and furriers
do ....
1,481
Shoe stores
do
907
Drug stores and proprietary
stores
do....
3,098

1

r

91 742
17,154

91617
17,054

92572
17,278

93121
17,313

93660
17,526

94867
17,944

94,639
17,621

94,266
17,317

94,256
17,009

95,591
17,577

r

96,001
17,716

r

13,841
r
600
r
29
399
r
27,759
r
9612
r
7677

13,756
625
29 513
27,849
9672
7678

13,898
669
29704
27,991
9773
7,822

14,030
614
29874
28,131
9940
7681

14,162
590
29864
28,062
10061
7,651

14,498
605
30296
28,466
10041
7814

14,322
584
30380
28,552
9992
7,937

14,050
590
30,562
28,690
9,863
7,756

13,744
594
30392
28,575
9,958
7,970

14,256
592
30,646
28,820
10,060
8,067

14,319
r
598
r
30,705
r
28,854
10,107
r
8,081

14,398 1 14,218
609
r
30,560 '31,048
r
28,713 '29,179
10,815 ' 11,344
r
8,101 '7,977

785

794

795

807

798

826

772

802

799

r

789

r

2686
1422
14
589
r
5223
1,697

2705
1401
14,597
5,234
1,659

2713
2736
1 445 1403
14,504
14,613
5,232
5,302
1,630
1,656

233 504 245,244 250,415 230,528
113 953 118,190 121,655 117,896

15600
60671

2691
1405
14,779
5,400
1,663

2824
2701
1 431 1428
15,191 15,168
5,346
5,298
1,716
1,701

225,652 228,184 233,287
113,289 114,316 116,322
15391
61129

15835
61375

2805
1,399
15,104
5,438
1,706

16765
60543

16156
112,632
40,479

35,044
22589

38,546
23789

39,853
24333

31,572
23495

31,605
23287

32,904
23059

34,258
23350

34,608
23 485

33,503
23937

32,690
24,019

20,236

21,020

21,046

17,048

16,985

17,800

18,474

18,936

18,812

18,482

15,878
66574

15,984
63685

16,270 16,524
115 083 116 492
42,933 43,511
33,375
22707

33,783
23169

15633
58,733

r
33,578
r

23 974

34,416
23,997

19,647

20,306

r

233 701 232 000 232 562 232 847 234 814 234 517 236 400 239547
114 194 113 552 113 951 113 730 114 870 115 128 116 207 119 355

15,883
60113

15,819
59039

16,643 16,205
117 567 118 345
44,203 44,597

16,417
119507
44,843

16,452
118448
44,277

34,656
23399

35,078
23 469

34,782
23372

34,475
23311

788

2,803
1,535
'15,486
15,331
r
5,592 '5,613
1,763

16,078 15,988 16,261
15909 16,174 16,185 16,218
15,990
120,661
112,363 113,868 116,965 118,307 117,595 116,088 118,506
40,354 41,820 43,498 43,768 42,540 41,615 r42,771 44,005

15,946
62945

15,965
63616

15952
r
59 919

16671
61321

16 900
61 229

16514 17,681 17,808
119,551 d27,054 128,760
45,386 49,685 50,700

236 131 234 942 236 234 235 514
121 048 118450 118 667 117 169

97,668
'17,583

234,017 234,582 232,905 r233,336 234,568
115,710 116,987 116,817 114,830 113,907

15244
65 151

16548
61876

791

2858
1,494
15,352
r
5,566
1,731

2,897
1,452
15,267
5,509
1,715

2,829
1,413
15,167
5,434
1,678

15454
63436

15624
58752

r
r

96,804
17,746

15,912
58916

16,105
58296

16,470 16,448
118611 119 117
44,112 43,636
34,674
23431

34,299
23671

16,234
59045

16,185
59257

15,904
r
60 725

15,759
64200

16,465 16,356 16,398 16,392
119 944 119389 120 193 120192
43,706 43,553 '43,765 43,959
34,292
24 118

34,266
24085

r
34,581
r

24 220

34,694
24422
19 488

18948

18920

18926

18 652

18956

18 757

18755

19 147

19216

19292

19 608

52,409
6267
722
46,142

53,425
6319
753
47,106

60,036
7 129
735
52,907

80,162
10362
712
69,800

47,395
5492
617
41,903

46,399
5307
605
41,092

55,359
6355
749
49,004

53,798
6340
733
47,458

56,832
7028
795
49,804

r

56,559
r
6900
823
r
49,659

54,371
6730
806
47,641

14247
16293
16,113
4,129
3734

15088
16031
15,844
4,089
3,797

19403
16618
16,408
4,844
3,613

30047
18574
18,188
7,319
3754

11 046
16 308
16,103
2,951
3468

11 642
15464
15,247
2,997
3404

14902
17574
17,343
4,232
3929

14623
16 562
16,316
4,189
3871

15561
17*529
17,316
4,244
3959

15 379
17 599
17,398
r
4,287
r
4001

13941
17 374
17,174
3,911
4056

2919
54806
711

2967
54653
709

3 127
55295
712

4368
55542
724

3 136
56277
729

2921
57 118
781

3 181
56837
754

3272
56367
740

3337
56238
733

r'3 271
r

57r 231
760

3 186
57489
761

13327
471
16259
4,231

13314
482
16368
4,193

13426
521
16507
4,268

13579
487
16580
4161

13692
468
16601
4221

14069
486
16792
4349

13926
460
16805
4415

13627
464
16960
4237

13323
460
16844
4399

13r818
461
17 007
r
4 537

13 847
467
17 140
4513

1467
909

1476
888

1498
910

1472
862

1 475
876

1 476
912

1 526
917

1 496
902

1 561
891

1r 639
914

1 585
928

3,145

3,153

3,188

3,091

3,220

3,235

3,213

3,325

3,324

r

3,372

3,382

189 198
125 458
1 669
187,529
123,789
117 093
6697

189 326
125 473
1 657
187,669
123,816
117 359
6457

189 467
126 279
1 639
187,828
124,640
118 277
6*363

189 607
127 937
1 630
187,977
126,3(37
119 605
6702

189 763
128 527
1 627
188,136
126,900
119 954
6945

LABOR FORCE, EMPLOYMENT, AND EARNINGS
LABOR FORCE AND POPULATION
Not Seasonally Adjusted
Noninstitutional population, persons 16
years of age and over
thous . 186,322
123 378
Labor force @
do
Resident Armed Forces
do
1709
Civilian noninstitutional population
do.... 184,613
Civilian labor force, total
do.... 121,669
Employed
do.... 114 968
Unemployed
do ....
6,701
Seasonally Adjusted 0
Civilian labor force total
do
Participation rate f •
percent
659
Employed, total
thous ..
Employment-population ratio t percent ..
62.3
Agriculture
thous ..
3,169
Nonagriculture
do.... 111,800
Unemployed total
do
Long term, 15 weeks and
over
do....
1610
See footnotes at end of tables.




188,081
125 557
1688
186,393
123,869
117 342
6528

665

63.0
3199
114,142
1375

188,286 188,428 188,580 188,721
127 132 125 530 126 125 126 368
1702
1709
1 704
1688
186,598 186,726 186,871 187,017
125,444 123,828 124,416 124,664
119,092 117 498 118,194 118,168
6,495
6,222
6,352
6,330

188,865
125 698
1 700
187,165
123,998
117 698
6,300

124 070 124 023 124 148 124 488 124 546
666
664
665
664
665
117,550 117,419 117,585 117,836 117,888
62.9
62.9
63.0
63.0
63.0
3,197
3,275
3197
3,160
3219
114,275 114,200 114,388 114,676 114,691
6563
6652
6604
6658
6520

1338

1359

1378

1422

1362

188,990
124 990
1 697
187,293
123,293
116 037
7,256

189 090
125 120
1 678
187,412
123,442
116 308
7134

124 397
664
117,863
62.9
3134
114,728
6535

124 630 124 829 124 886 125 004 124 836 124 767 124 660 124 967
665
666
666
66 5
662
663
664
66 3
118,035 118,334 118,116 118,350 118,389 117,953 117,658 117,898
63.0
63.1
63.0
62.9
62.7
62.6
63.0
62.5
3079
3200
3 133
3348
3 305
3 181
3 137
3085
114,957 115,133 114,983 115,045 115,041 114,867 114,521 114,717
6 594
6495
6 770
7 003
6 447
6 653
7 069
6 814

1430

1 369

1 333

1 386

1 374

1 406

1 513

189 901
127 652
1 640
188,261
126,012
119 174
6837

1 609

190 002
126 380
1 601
188,401
124,779
117 961
6818

1 620

S-10

SURVEY OF CURRENT BUSINESS

Unless otherwise stated in footnotes
below, data through 1988 and
methodological notes are as shown in
BUSINESS STATISTICS, 1961-88

,, ..
umw

Annual

1988

October 1990
1990

1989
1989

Aug.

Nov.

Oct.

Sept.

Jan.

Dec.

Mar.

Feb.

Apr.

June

May

Aug.

July

Sept.

LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
LABOR FORCE—Continued
Seasonally Adjusted 0
Civilian labor force —Continued
Unemployed—Continued
Rates(unemployed in each group as percent
of civilian labor force in the group):
All civilian workers
Men 20 years and over
Women, 20 years and over
Both sexes, 16-19 years
White
Black
Hispanic origin
,
Married men, spouse present
Married women, spouse present
,
Women who maintain families
,
Industry of last job:
Private nonagricultural wage and
salary workers
Construction
Manufacturing
,
Durable goods
,
Agricultural wage and salary workers ....
Not Seasonally Adjusted
Occupation:
Managerial and professional specialty
Technical, sales, and administrative
support
Service occupations
Precision production, craft, and repair...
Operators, fabricators, and laborers ...
Farming forestry and fishing

53
45
4.7
15.0
45
114
80
30
37
81

53
45
4.7
14.8
45
112
88
31
3.9
8.0

53
48
4.5
15.0
45
117
83
33
38
77

53
45
4.8
14.9
45
117
80
30
3.9
7.8

53
46
4.8
15.3
45
119
80
31
38
82

53
46
4.8
15.2
46
11.8
8.5
3.0
3.9
8.1

53
47
4.6
14.5
45
113
7.1
3.4
3.7
7.5

53
46
4.8
14.8
46
10.5
7.8
3.0
3.8
7.5

52
45
4.7
14.4
45
106
77
3.2
3.6
8.4

54
48
4.8
14.7
48
104
80
33
3.5
7.5

53
47
4.6
15.5
46
10.4
7.7
3.3
3.5
7.4

52
47
4.5
14.1
45
104
7.1
3.2
3.7
8.0

55
49
4.7
16.3
46
11.3
7.9
3.3
3.5
8.5

56
50
4.9
16.7
48
11.8
7.8
3.5
3.9
8.5

57
51
5.0
15.5
4.8
12.1
8.7
3.4
4.0
8.9

5.5
106
5.3
5.0
10.6

5.3
100
51
48
9.6

5.4
102
5.2
4.9
9.0

5.4
101
52
49
7.8

5.3
93
5.4
5.2
9.8

5.4
98
54
54
12.1

5.4
9.8
5.6
5.4
9.7

5.5
9.3
5.9
5.8
9.2

5.5
8.9
5.9
5.5
9.3

5.5
10.0
5.5
5.3
10.1

5.7
106
5.9
5.7
11.0

5.5
11.5
5.4
5.5
7.9

5.3
9.7
4.9
4.9
10.0

5.5
10.2
5.7
5.6
10.6

5.7
11.1
5.8
5.9
9.7

5.8
11.8
5.7
6.0
9.3

1.9

2.0

2.1

2.3

1.9

2.0

1.9

1.9

1.9

1.8

1.8

1.9

2.2

2.4

2.6

2.5

40
69
5.4
8.4
72

39
66
5.2
8.0
66

39
64
4.5
7.5
51

40
65
4.6
7.5
46

41
63
4.5
7.3
63

38
69
4.7
8.0
85

35
64
5.5
8.2
7.3

44
65
6.5
10.8
80

43
68
6.8
9.5
84

38
64
6.0
9.5
78

38
63
5.7
8.9
67

37
67
5.1
8.0
4.4

41
62
4.8
7.3
47

42
65
4.9
7.6
5.6

44
64
5.3
7.4
5.3

45
69
5.8
7.3
5.4

110,168 110,189
91,893 91,964

108,150
90,167

55
48
4.9
15.3
47
117
82
33
39
8.1

*"

EMPLOYMENT §
Employees on nonfarm payrolls by industry:
Total, not adjusted for seas, variation
thous. 105,536 108,413 108,366 109,195
90,644 91,636 91,583
Private sector (excl. government)
do ...
88,150
Seasonally Adjusted
Total employees nonfarm payrolls
do
105 536 108 413 108 628 108 868
90797 90985
88150 90644
Private sector (excl government) .
do
Nonmanufacturing industries ...
do.
68,800 71218 71367 71615
Goods-producing
do .
25,173 25326 25,356 25304
709
706
700
713
Mining
do..
5225
5,220
5,200
5,110
Construction..
do..
19,430 19,370
19,426
19,350
Manufacturing
do...
11,369
11,416
11,381 11,422
Durable goods
do...
753
758
750
769
Lumber and wood products
doFurniture and fixtures
do...
524
525
526
528
563
568
569
569
Stone clay and glass products
do
772
772
771
Primary metal industries
do ...
767
1,442
1,446
1,432
Fabricated metal products
do ..
1,438
Industrial machinery and
2132
2132
2092
equipment
.
.
do
2135
Electronic and other electrical
1,743
1,750
1,753
1,766
equipment
do ..
2,041
2,056
2,054
2,038
Transportation equipment
do...
1,027
1,026
1,023
1,033
Instruments and related products
do ..
388
388
386
384
Miscellaneous manufacturing....
do ..
8,014
8,004
8,001
7,969
Nondurable goods
do .
1,653
1,649
1,645
1,631
Food and kindred products
do..
48
49
Tobacco manufactures
do
49
55
720
724
729
Textile mill products .
.
do
724
Apparel and other textile
1,075
1 070
1074
1088
products
.
... .
do
697
700
690
Paper and allied products
do .
697
1,566
1,566
1,564
1,548
Printing and publishing
i do..
1,074
1,075
1,076
1,059
Chemicals and allied products
do157
157
157
160
Petroleum and coal products
do ..
883
884
880
868
Rubber and misc. plastics products do ..
135
135
136
143
Leather and leather products
do..
83,272 83,564
80,363 83,087
Service-producing '
... . do .
5,561
5,527
5,656
5,648
Transportation and public utilities
do ..
6303
6294
6271
6055
Wholesale trade
do
19,620 19634
19,077 19580
Retail trade
..
do
6,753
6,740
6,724
6,649
Finance, insurance, and real estate
do..
27226 27335
25669 27096
Services
do
17,831 17883
17769
17,386
Government
do
2,992
2,996
2,988
2,971
Federal .
do ..
4,215
4,191
4,175
4,076
State
do ..
10,644 10,676
10,606
10,339
Local
do...
Production or nonsupervisory workers on private
74,398 74,320
73,474
71,383
nonfarm payrolls, not seas, adjusted
thous..
13324 13,336
13257
13,221
Manufacturing
do .
Seasonally Adjusted
Production or nonsupervisory workers on private
73610 73746
71383 73474
nonfarm payrolls
thous
17,843 17,786
17,722 17,815
Goods-producing
do ...
505
504
512
499
Mining
do ...
4,077
4076
4,059
3,990
Construction
.
..
do
13,263 13,204
13,221 13,257
Manufacturing
do..
7,567
7,615
7,615
7,596
Durable goods
do...
620
623
627
640
Lumber and wood products
do...
417
419
420
421
Furniture and fixtures
do...
440
443
444
444
Stone, clay, and glass products
do...
584
589
589
590
Primary metal industries
do...
1063
1068
1064
Fabricated metal products
do
1071
Industrial machinery and
equipment
do ...
1,289
1,259
1,285
1,286
Electronic and other electrical
1,114
equipment
.
..
do
1,104
1,108
1,108
1,274
Transportation equipment
do...
1,266
1,283
1,280
Instruments and related
509
509
509
products
do
506
Miscellaneous manufacturing
....do ....
281
282
284
281
See footnotes at end of tables.




109,719
91,606

108 980 109 245 109 383
91096 91344 91456
71762 72038 72172
25283 25,280 25218
718
710
716
5216
5,258
5239
19284
19,334 19,306
11,337
11,314 11,296
753
753
752
519
521
521
566
566
567
759
760
764
1,426
1,429
1,433

108,673 109,343 110,059
90,335 90,807 91,456

110,341 "110,854
111,073 111,774 110,477
92,211 93,150 r93,008 r93,132 P92,812

740 110 657 P110 556
109 654 109 958 110 122 110 177 110 617 110 829 110
91656 91917 91 963 91922 92120 92282 rr92 300 rr92,307 P"92 240
72,485 72,673 72,746 72,732 72953 73,134 r73 169 r73,224 P73,223
25,013 24,929
25,188 25,339 25,259 25,180 25,191 25,162 25,105
r
"738
745 r 736
744
738
734
729
723
727
r
5,194 "5,174
5,229
5,294
5,270
5,286
5,256
5,313
5,368
"19,017
19,083
19,131
19,167
19,244 19,217
19,171
19,148
19,190
"11,072
11,130
11,192 11,278 11,261 11,229 11,217 11,201 11,179
r
r
"737
742
739
743
748
750
751
751
753
r
r
"509
514
516
511
515
516
518
518
519
"546
552
551
559
568
556
560
565
567
r
755 p "751
'759
755
754
756
756
755
754
l,413
1,420
1,419
1,417
1,415
1,419
1,418
1,418
1,412

2125

2129

2130

2,132

2126

2,119

2112

2112

2,108

r

r

2,096

"2,083

1,737
2,031
1,021
386
7,997
1,651
48
721

1,732
2,023
1,018
383
7,992
1,651
48
718

1,722
2,024
1,011
386
7,988
1,650
47
716

1,722
1,933
1,011
389
7,979
1,651
47 t
715

1,720
2,023
1,009
389
7,966
1,650
47
711

1,718
2,022
1,008
388
7,956
1,648
46
709

1,713
2,014
1,005
385
7,961
1,651
46
708

1,711
2,010
1,002
387
7,950
1,650
46
703

1,703
2,021
1,000
384
7,947
1,643
47
702

1,695
r
2,015
r
996
386
r
7,952
1,645
46
r
702

1,685
1,997
r
990
r
383
r
7,953
1,650
r
47
r
701

p

1066
697
1,567
1,076
158
878
135
83,697
5,671
6313
19665
6,756
27408
17884
2,986
4,202
10,696

1064
697
1,571
1,077
158
875
133
83,965
5,693
6335
19,714
6,774
27548
17,901
2,982
4,212
10,707

1061
698
1,573
1,081
157
873
132
84,165
5,776
6344
19,710
6,785
27623
17927
2,977
4,206
10,744

1,053
697
1,576
1,081
158
869
132
84,466
5,790
6,356
19,807
6,794
27721
17,998
3,000
4,225
10,773

1,045
699
1,576
1,083
159
865
131
84,619
5,804
6357
19,758
6,817
27842
18,041
3,005
4,239
10,797

1,037
698
1,578
1,083
159
867
131
84,863
5,808
6,361
19,764
6,821
27950
18,159
3,089
4,249
10,821

1,036
699
1,579
1,084
159
869
130
84,997
5,809
6363
19,778
6,823
27969
18,255
3,151
4,252
10,852

1031
698
1,581
1,085
159
868
129
85,426
5,833
6369
19795
6,838
28094
18497
3346
4262
10,889

1,029
699
1,582
1,086
160
871
128
85,667
5,846
6383
19,822
6,844
28225
18,547
3,338
4296
10,913

1027
701
1,583
1,088
160
874
126
T
85,635
r
5,841
r
6374
19
851
r
6,842
r
28 287
18
440
r
3164
r
4298
10978

1,025
702
1,583
1,087
161
r
873
124
r
85,644
r
5,845
r
6375
19
838
r
6,850
r
28 386
18
350
r
3049
r
4317
10,984

P

74,351
13,270

74,600
13,221

74,633
13,152

72,876
12,887

73,004
12,977

73,432
12968

74,051
12984

74,733
12992

75,590
13090

r

r

73838
17,764
507
4,086
13,171
7,541
622
415
442
581
1059

74,045
17,759
512
4,103
13,144
7,519
621
414
443
578
1055

74115
17,696
514
4,058
13,124
7,506
621
412
442
576
1052

74,300
17,662
518
4,135
13,009
7,400
622
412
443
572
1039

74512
17,810
521
4,205
13,084
7,488
620
411
444
575
1 044

74545
17,742
523
4158
13061
7,479
620
411
440
573
1 044

74496
17,667
527
4094
13046
7,461
619
409
436
574
1 047

74651
17,673
530
4120
13023
7,450
617
408
434
574
1 045

74827 r74 799 r74 771 "74 686
17,651 17,613 17,525
"17,445
r
"530
528
'537
537
r
r
4030 "4004
4066
4 107
"12911
12
967
13007 13010
r
7,438
'7,396 "7,347
7,439
610
607
612
"606
r
r
"402
406
404
408
r
r
"425
428
429
432
577
"570
573
574
1 043 1 047 1 046 "1 041

2104

75,438
12 919

1,277

1,282

1,282

1,284

1,280

1276

1 274

1274

1270

1271

1,101
1,257

1,096
1,248

1,090
1,250

1,086
1,154

1,083
1,244

1,084
1,246

1,082
1,239

1,080
1,238

1,078
1,250

1,073
1,253

505
282

502
280

503
285

503
284

503
282

499
282

502
279

499
281

495
277

493
'281

75,571
13 032

l,672
"1,983
"994
"384
"7,945
"1,649
"47
"697
1025

P
701
p
l,581
p
1,089
P
162
P

870
"124
85,627
P
5,859
P
6374
"19
828
P
6,843
"28 407
"18
316
P
3010
"4297
"11 009
P

P
75,249
P

13041

1261

"1 248

1,067
1,240

"1,059
"1,227

r
490
'278

"490
"279

Unless otherwise stated in footnotes
below, data through 1988 and
methodological notes are as shown in
BUSINESS STATISTICS, 1961-88

S-ll

SURVEY OF CURRENT BUSINESS

October 1990
rT ..
uniw

1988

1990

1989

Annual

1989

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
EMPLOYMENT §-Continued
Seasonally Adjusted
Production or nonsupervisory workers—Continued
Nondurable goods
thous .
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
doPetroleum and coal products
do ...
Rubber and misc. plastics products do ...
Leather and leather products
do...
Service-producing
do
Transportation and public utilities
do ...
Wholesale trade
do
Retail trade
do
Finance, insurance, and real
estate
do...
Services
do ...
AVERAGE HOURS PER WEEK §
Seasonally Adjusted
Average weekly hours per worker on private
nonfarm payrolls: <>
Not seasonally adjusted
hours.
Seasonally adjusted
do...
Mining...
do
Construction $
do
Manufacturing:
Not seasonally adjusted
doSeasonally adjusted
doOvertime hours
do..
Durable goods
do...
Overtime hours
do...
Lumber and wood products
do...
Furniture and fixtures....
do...
Stone, clay, and glass products
...do ...
Primary metal industries
do
Fabricated metal products
do...
Industrial machinery and
equipment
do...
Electronic and other electrical
equipment
do
Transportation equipment
do ...
Instruments and related
products
do ...
Nondurable goods
Overtime hours
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 misc. plastics products
Leather and leather products
Transportation and public utilities
Wholesale trade.
...
Retail trade
Finance, insurance, and real
estate $
Services




5,572
1,182
34
602

'5,571
1,186
35
'602

"5,564
"1,187
"34
"599

5642
1,177
37
626

5648
1,180
36
626

5,637
1,183
36
622

5630
1,184
36
622

5,625
1,183
36
619

5618
1,182
35
617

5,609
1,185
35
615

5,596
1,183
35
612

5582
1,183
35
609

5,585
1,188
33
609

5,573
1,187
34
604

5,568
1,179
34
603

915
517
867
597
104
675
118
53660
4,574
4878
16917

906
522
868
603
103
688
113
55660
4,694
5048
17353

907
523
868
605
103
688
112
55767
4,626
5066
17396

903
522
867
604
103
685
112
55960
4,700
5071
17402

898
522
867
605
103
682
111
56074
4,718
5081
17425

896
522
870
605
104
679
111
56286
4/737
5094
17475

894
523
873
605
103
677
109
56419
4,801
5099
17465

886
524
875
604
103
673
109
56638
4,821
5 116
17550

879
525
876
603
104
670
109
56702
4,826
5111
17497

870
524
876
601
105
670
109
56803
4,833
5111
17506

869
525
875
601
104
673
108
56829
4,831
5109
17 517

865
523
876
601
104
672
107
56978
4,848
5 106
17533

863
525
877
600
105
676
106
57 176
4,866
5 130
17563

860
526
880
'602
105
'677
104
r
57
186
r
4,852
'5 118
17 588

"858
'859
"528
'527
"878
880
"600
'598
"105
105
"674
'677
"101
102
'57 246 "57241
'4,853 "4,861
'5116 "5110
17562 "17 544

4,825
22,467

4,870
23,695

4882
23,797

4,897
23,890

4,901
23,949

4,914
24,066

4923
24,131

4,938
24,213

4958
24,310

4960
24393

4961
24,411

4970
24521

4970
24,647

'4965
'24 663

'4,969 "4962
'24,746 "24,764

34.7

34.6

423
379

430
37 9

34.9
34.5
434
389

34.7
34.6
437
386

34.8
34.6
436
392

34.5
34.5
437
380

34.6
34.4
430
370

34.1
34.4
436
376

34.2
I 34.6
437
37 3

34.3
34.6
43 5
379

34.4
34.5
434
373

34.4
34.5
436
382

34.8
34.7
444
39 1

34.9
34.5
437
383

34.8
34.5
'438
390

"34.8
"34.7
"439
"39 1

41.1

41.0

39
418
4.1
40.1
39.4
42.3
435
41.9

'38
41.6
3.9
40.1
39.5
42.3
430
41.6

40.9
41.0
38
416
3.9
40.1
39.5
42.5
428
41.5

41.2
40.9
38
415
38
401
39.5
42.2
426
41.5

40.9
40.8
37
41.3
3.7
40.3
39.2
42.4
425
41.4

41.1
40.7
37
41 2
37
402
39.4
42.4
425
41.3

41.3
40.6
37
41 2
37
400
39.1
41.6
425
41.2

40.6
40.7
36
413
36
404
39.6
423
426
41.1

40.4
40.8
36
41 3
36
401
39.3
42.2
425
41.4

40.7
40.8
37
414
38
404
39.2
420
427
41.5

39.8
40.7
35
41 2
35
402
39.0
420
41 8
41.2

40.9
40.9
38
415
39
404
39.2
421
430
41.7

41.1
41.0
38
41 6
39
403
39.3
423
430
41.6

40.5
40.9
r
37
r
415
r
38
402
'39.6
'41 7
43 1
'41.7

'40.8
41,0
'38
41 6
'39
404
'39.4
423
'430
41.6

"41.2
"41.0
"37
"41 6
"38
"407
"38.9
"42 1
"430
"41.5

r

r

42.7

42.4

423

422

421

422

421

421

421

420

418

421

420

'420

'421

"42 1

410
42.7

408
42.4

410
42.5

41 0
42.7

41 0
41.3

408
41.0

405
41.7

409
41.5

41 1
41.6

41 0
42.0

409
41.9

409
42.5

410
42.6

'407
42.8

'405
'42.7

"409
"42.7

41.4
39 2
40.2
3.6
40.3
39.8
410

41.1

41.0

40.9

41.0

41.0

41.0

40.9

41.0

41.1

41.2

41.1

41.2

'41.2

'41.3

"41.4

do ...
do...
do...
do...
do...

40.2
3.6
40.7
38.5
409

40.2
3.6
40.7
37.3
410

40.2
3.7
40.9
40.3
406

40.1
3.6
40.8
40.3
406

40.1
3.6
40.8
39.0
404

40.0
3.6
40.7
38.1
402

40.0
3.5
40.6
37.6
403

40.0
3.5
40.6
37.7
402

40.0
3.6
40.7
38.8
400

40.0
3.4
40.6
38.1
400

40.1
3.6
40.8
39.2
402

40.3
3.6
40.9
39.5
404

40.1
3.6
'40.5
'38.6
'402

40.2
3.7
'40.9
'38.1
'399

"40.1
"3.6
"41.1
"38.8
"397

do
do
..do... .
do....
do...
do....
do....
do....
do
do

370
433
38.0
42.2
444
41.7
37.5
38.8
381
291

369
433
37.9
42.4
44.3
41.4
37.9
38.9
380
289

369
435
37.8
42.4
438
41.2
38.1
38.6
380
289

368
432
38.0
42.5
444
41.1
38.2
38.8
381
289

369
433
37.8
42.5
452
41.1
37.7
38.8
381
289

368
434
37.9
42.4
448
41.1
37.6
38.6
38-1
288

364
432
37.7
42.6
454
40.9
37.4
38.6
38 1
288

366
432
37.9
42.7
440
40.8
37.4
38.3
380
288

366
43 1
37.9
42.4
440
41.2
37.7
38.7
380
289

363
432
38.0
42.5
442
41.4
37.7
39.0
38 1
290

364
433
37.8
42.6
445
40.9
37.5
39.0
38 i
290

366
433
37.9
42.6
442
41.4
37.4
39.1
380
290

367
435
38.0
42.6
468
41.6
37.5
39.2
38 1
290

366
43 5
'38.0
'42.4
'447
41.5
'37.4
39.0
38 i
289

366
'435
'382
42.5
'43 8
'41.3
'37.7
'39.0
'38 1
287

"367
"429
"38.0
"42.7
"443
"41.3
"37.4
"39.3
"38 1
"289

do ....
do ...

35.9
32.6

35.8
32.6

358
325

356
326

361
327

356
326

356
326

356
325

357
326

356
325

36 1
326

355
325

358
326

362
326

357
'325

"362
"328

AGGREGATE EMPLOYEE-HOURS §
Seasonally Adjusted
Employee-hours, wage & salary workers in nonagric. establish, for 1 week in the month,
seas adj at annual rate
bil hours
Total private sector
do
Mining
do...
Construction
do ...
Manufacturing
do
Transportation and public utilities
do ...
Wholesale trade
doRetail trade
do
Finance, insurance, and real
estate
do....
Services
do....
Government
.do....
Indexes of employee-hours (aggregate weekly): <>
Private nonfarm payrolls, total
1982=100 ..
Goods-producing
do ....
Mining
do
Construction
do
Manufacturing ..
.
do
Durable goods ....
.
do
Nondurable goods
do....
Service-producing
do ..
Transportation and public
utilities
do....
Wholesale trade
do....
Retail trade
do
Finance, insurance, and real
estate
.
do
Services
.do....
See footnotes at end of tables.

r

5,625
1,158
41
632

r
r
202 73 r203 78 r203 89
204 58 r206 16 '205 55
166 59 167 55 167 55 167 46 167 75 168 64 '168 23
1 65 1 65
1 64
1 72
1 67
1 66
'1 69
1080
1063
10 22
1056
10 57
1043
'10 22
r
r
r
4083
4067
'4081
'40 67
'40 77
'40 69
4083
11 53 11 68
11 86
11 78
11 78
'11 85
11 92
1256
1256
1261 1259
1260
12 63
12 65
r
r
r
r
2969
2966
29 83
29 80
'29 89
29 85
'29 83

1258

1266

r
4733
r

r
4768
r

3623

1263
r
4772
'3635

3613

1281
90
3541

r
47
r

rqn Q

204 gg "205 75
167 90 "168 82
"1 69
1 68
10 31 "10 44
40 66 "40 49
11 85 "11 97
12 63 "12 63
29 61 "29 80

1262
96
3683

12 74
'4833
'37 52

'1288
'4843
'37 32

12 72
48 45
3696

"12 88
"48 93
"3692

r
47
r

119.7
111.7
618
1371
1095
1100
108.9
1232

122.8
112.1
613
1397
1095
1097
109.3
1276

122.8
112.4
624
141 0
1096
1097
109.4
1275

123.2
111.9
629
1406
1090
1089
109.2
1282

123.4
111.6
631
141 7
1083
1079
109.0
1288

123.5
111.6
638
1430
1080
1074
108.8
1288

123.3
110.4
630
1381
1076
1071
108.3
1291

123.6
111.1
644
1449
1068
1059
108.2
1293

124.4
112.1
649
1477
107 6
1072
108.0
1299

124.4
111.5
649
144 6
107 5
107 3
107.8
1302

124.2
110.1
65 2
138 6
107 0
106 5
107.6
1305

124.6
111.2
65 9
142 1
107 5
107 3
107.9
130 6

125.3
111.7
68 0
144 3
107 6
107 1
108.2
131 4

124.8
110.5

124.5
110.5

'138 4
107 4
'107 1
107.7
131 2

'139 8
'107 1
106 5
107.9
'130 8

"125.2
"110.2
"66 4
"139 9
"106 6
"105 9
"107.7
"131 9

108.4
113.8
121 3

111.6
117.7
123 6

109.2
118.0
1237

1115
118.4
1238

112.0
118.7
1239

1118
119.0
1238

113.4
119.1
1238

1129
1192
1244

1142
119 1
124 4

1153
1194
124 9

1152
1193
125 0

1160
1189
125 1

1167
1198
125 3

115 8
119 5
'125 1

'1153
'119 5
124 0

"116 9
"119 3
"124 8

1195
1329

1205
140.1

1207
1404

1207
141 4

1218
142 1

121 1
1424

121 0
1428

121 4
1428

1222
1438

1223
1439

122 6
144 4

122 5
144 6

1229
145 8

123 1
145 9

'122 8
'146 0

"124 4
"147 4

rgg 9

rgg Q

S-12
Unless otherwise stated in footnotes
below, data through 1988 and
methodological notes are as shown in
BUSINESS STATISTICS, 1961-88

SURVEY OF CURRENT BUSINESS
Annual

.,

n

1988

October 1990
1990

1989
1989

Sept.

Aug.

No,

Oct.

Jan.

Dec.

Feb.

Apr.

Mar.

May

June

July

Sep..

Aug.

LABOR FORGE, EMPLOYMENT, AND EARNINGS—Continued
HOURLY AND WEEKLY EARNINGS §
Average hourly earnings per worker: <}
Not seasonally adjusted:
Private nonfarm payrolls
Mining
Construction
Manufacturing
Excluding overtime
Durable goods
Excluding overtime
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and
equipment $$
Electronic and other electrical
equipment $$
Transportation equip. $$
Instruments and related
products
Miscellaneous manufacturing

dollars
do
do
.... do
do ..
do. ..
do....
do....
do....
do....
do....
do....

928

966

961

977

981

981

984

987

991

993

997

997

998

1280
1308
1019
9.73
10.71
10.22
8.59
7.95
10.56
12.16
10.29

1325
1352
1049
1002
1101
10.52
8.84
8.26
10.83
12.42
10.57

1322
1351
1046
9.99
10.99
10.50
8.90
8.30
10.85
12.42
10.54

1329
1365
1056
1006
11.11
10.59
8.95
8.40
10.87
12.54
10.68

1323
1371
1054
10.06
11.07
10.57
8.96
8.41
10.90
12.50
10.61

1327
1369
1059
10 11
11.11
10.61
8.96
8.41
10.95
12.57
10.65

1346
1384
1068
1020
1119
10.69
901
8.43
10.96
12.59
10.72

1346
1359
10.60
10.16
11.06
10.60
9.00
8.45
10.96
12.56
10.60

1346
1359
10.68
10.25
11.18
10.73
8.95
8.42
10.93
12.66
10.70

1357
13.63
10.75
10.30
11.25
10.78
9.05
8.43
11.03
12.71
10.75

1366
1358
10.75
10.37
11.22
10.84
9.09
8.42
11.18
12.86
10.65

1356
13.68
10.81
10.36
11.33
10.84
9.11
8.47
11.15
12.82
10.79

1366
13.63
10.85
10.37
11.37
10.86
9.09
8.52
11.17
12.90
10.85

1000
1369
1370
10.88
10.41
11.38
10.90
9.16
8.50
11.21
13.04
10.86

10 00
13.62
13.74
10.82
10.33
11.35
10.84
r
9.15
r
8.57
11.15
12.94
10.84

"1017
"13.74
"13.95
"10.94
"10.41
"11.49
"10.95
"9.20
"8.65
"11.22
"13.02
"10.95

do

1108

11 40

1137

11 46

1148

1153

1162

11.55

1160

11.64

1155

11.70

11.75

11.78

11.80

"11.92

do....
do...,

9.79
13.29

10.05
13.68

10.06
13.67

10.13
13.86

10.08
13.82

10.11
13.83

10.14
13.91

10.13
13.55

10.16
13.88

10.17
14.02

10.17
13.89

10.22
14.14

10.27
14.20

10.34
14.06

10.32
14.08

"10.42
"14.36

do

11.36

"11.45

Nondurable goods
Excluding overtime
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 misc. plastics products
Leather and leather products
Transportation and public utilities..
Wholesale trade
Retail trade
Finance, insurance, and real
estate
Services . ...

1060

1083

1090

1094

1097

1099

11 10

1109

11 13

11.19

1120

11.23

11.27

1137

do .,

800

829

do....
do....
do...,
do
' do

9.45
9.04
9.12
1467

9.75
9.33
9.38
1536

8.20
9.73
9.29
9.32
1572

8.36
9.81
9.35
9.37
1471

8.36
9.81
9.37
9.33
1491

8.47
9.87
9.43
9.43
1501

8.57
9.96
9.53
9.56
1533

8.57
9.97
9.56
9.53
1549

8.56
9.97
9.58
9.54
1573

8.59
10.04
9.63
9.61
1646

8.56
10.10
9.73
9.61
1709

768

774

776

780

785

790

790

794

791

8.61
10.12
9.69
9.67
1724
8.02

8.60
10.20
9.76
9.68
1742

767

8.59
10.10
9.68
9.63
17 17
7.98

do
.do....
do....
do....
do. ..
do....
do....
,.do....
do ...
do ...

612

635

633

641

639

643

645

645

11.69
10.53
12.71
1497
9.19
6.28
12.26
9.98
6.31

11.96
10.88
13.09
1541
9.47
6.60
12.61
10.39
6.53

11.95
10.91
13.10
15.20
9:47
6.55
12.61
10.36
6.49

12.04
11.07
13.20
1541
9.50
6.65
12.73
10.48
6.59

12.13
11.09
13.32
1575
9.64
6.74
12.76
10.63
6.65

6.40
12.11
11.12
13.34
15.87
9.65
6.82
12.79
10.61
6.73

12.11
11.13
13.27
15.90
9.64
6.84
12.87
10.66
6.72

6.53
12.11
11.17
13.34
16.11
9.68
6.87
12.83
10.66
6.74

6.56
12.25
11.12
13.53
16.31
9.66
6.94
12.96
10.78
6.75

6.60
12.25
11.17
13.46
16.13
9.75
6.92
12.82
10.73
6.75

6.61
12.23
11.16
13.51
16.23
9.77
6.91
12.86
10.76
6.75

6.59
12.36
11.25
13.58
16.22
9.85
6.79
12.99
10.82
6.74

906

954
939

947

960
949

973
968

9.80
9.72

9.87
9.75

9.84
9.76

9.97
9.82

9.90
9.77

9.90
9.75

10.00
9.79

9.98
13.58
13.71
10.81
12.88
10.74
6.76
987
980

do
do .

Seasonally adjusted:
Private nonfarm payrolls
dollars
Mining
.. .
do
Construction
do
Manufacturing
... do .
Transportation and public utilities
do...
Wholesale trade
do...
Retail trade
do ...
Finance, insurance, and real
estate
do
Services
do
Indexes of avg. hourly earnings, seas, adj.: <>
Private nonfarm economy:
Current dollars
1977 — 100.
1977 dollars
do
Mining
do
Construction
do
Manufacturing
...
do
Transportation and public utilities
do ...
Wholesale trade
.. do .
Retail trade
do...
Finance, insurance, and real estate
do...
Services .:
do ...
Hourly wages, not seasonally adjusted:
Construction wages, 20 cities (ENR): §§
Common labor
$ per hr .
Skilled labor
do
Railroad wages (average, class I)
do...
Avg. weekly earnings per worker,
private nonfarm: {>
Current dollars seasonally adjusted
1982 dollars seasonally adjusted $....
Current dollars, not seasonally adjusted:
Private nonfarm, total
dollars.
Mining
do ...
Construction
do
Manufacturing
do ...
Durable goods
do...
Nondurable goods
do...
Transportation and public
utilities
do ...
Wholesale trade
do...
Retail trade
do ...
Finance, insurance, and real
estate
do
Services
do

738

8.88

9.30

See footnotes at end of tables.




970
958

12.10
11.07
13.28
15.62
9.54
6.68
12.71
10.56
6.63
967

9.61

1008

1004

992

9.92

"1014
"999

978

983

1332
1366
10.58
12.65
10.55
6.61

1340
1376
1062
12.73
10.60
6.64

906
888

954
939

956
944

965
949

972
955

966
955

975
961

17.74
2312
16.07

17.93
2315
16.21

18.10
2371
16.28

18.10
23.71
16.20

18.10
2371
16.55

18.21
23.71
16.10

18.16

18.27

18.27

2377

2388

2405

2405

16.10

17.98
2361
16.06

18.22

2357

15.00

17.79
2321
15.68

16.22

16.06

15.93

16.08

32202
266.79

33424
26422

33465
263.71

33666
264.25

33839
264.57

33741
262.99

33815
262.54

337.81
259.45

34185
261.35

343.58
261.48

34362
261.31

344 31
261.63

34804
262.87

34742
261.61

322.02
541.44
49573
418.81
447.68
379.89

334.24
569.75

51241
430.09
458.02
391.95

335.39
575.07
52554
427.81
453.89
392.12

339.02
584.76
52689
435.07
463.29
397.31

341.39
583.44
53743
431.09
458.30
395.34

338.45
581.23
520.22
435.25
461.07
398.75

340.46
588.20
51208
441.08
468.86
402.38

336.57
586.86
510.98
430.36
455.67
396.81

338.92
582.82
50691
431.47
458.38
394.81

340.60
583.51
51658
437.53
465.75
399.59

342.97
588.75
50653
427.85
452.17
395.92

342.97
585.79
52258
442.13
470.20
404.00

347.30
606.50
53293
445.94
474.13
407.84

475.69
380.24
183.62

490.53
394.82
188.72

490.53
393.68
192.10

495.20
399.29
190.45

496.86
401.48
191.03

491.88
402.34
189.62

493.81
406.07
194.85

483.46
401.06
189.11

494.21
402.95
190.18

496.52
404.01
192.09

504.14
410.72
195.75

498.70
407.74
194.40

506.68
411.03
197.78

179.0

(2)

1855
1583
1788
181.1
1827
165.9
195.7
189.8

(2)

933

17.33
2267

32525
289.49

158

973
963

977
967

982
972

988
979

"6.87

998
985

978

1332
1361
1057
12.71
10.54
6.60

996

"9.86
"6.94
"13.11
"10.92

10.08
13.72
13.78
10.90
13.01
10.84
6.82

973

1331
1356
10.55
12.68
10.48
6.57

13.59
13.62
10.75
12.96
10.74
6.74

r

"6.70
"12.39
"11.41
"13.63
"16.35

1003
13.73
13.73
10.86
12.92
10.80
6.78

970

9.93
13.51
13.66
10.73
12.87
10.67
6.73

12.29
11.29
13.55
16.01
r
9.78
'6.84
12.97
10.77
6.75

"8.09

"1014
"13.75
"13.85
"10.93
"13.06
"10.92
"6.85

1330
1355
10.53
12.65
10.42
6.56

988

6.64

"9.70
"9.57
"15.76

1007
1379
13.76
10.89
13.02
10.84
6.79

966

1333
13.63
10.67
12.83
10.62
6.69

r

"8.63
"10.19

"10.09

1325
1352
1049
12.61
10.39
6.53

982

10.12
9.65
r
9.54
16.23
r
8.04

9.94
r
9.77

928

13.33
13.55
10.57
12.78
10.57
6.68

8.60

801

1280
1308
1019
12.26
9.98
6.31

r

r

"9.99

(2)

(2)
(2)
(2)
(2)
(2)
(2)
(2)

34153
306.11

339.03
305.04

EMPLOYMENT COST INDEX @
Civilian workers t
•
6/89 — 100
Workers, by occupational group
White-collar workers
do
Blue-collar workers
do
Service workers
do
Workers, by industry division
Manufacturing
do
Nonmanufacturing
do
Services..
do
Public administration
.do
HELP-WANTED ADVERTISING
Seasonally adjusted index
1967 = 100 ..

12.01
11.06
13.27
15.60
9.50
6.65
12.74
10.51
6.61

r

151

147

34176
308.43

17.93

35017
314.22

344.25
312.33

34639
31460

34888
314.93

35236
315 90

35030
31622

35992
320 13

351 45

354 42

31557

31883

18.40
2412
15.88
r

347 76
259.72

18.42
2525

"351 86

r

"260.64

349.00
596.88
52471
440.64
466.58
r
406.98

r
348.00
r

"353.92
"608.68

r

511.81
414.41
200.18

r

r

r

36200
323 07

r

r

r

597.92
53586
r
441.46
r
467.62
407.84
509.72
410.34
198.45
354 86
320 46

r

"545 45
"450.73
"479.13
"412.70
"516.53

"417 14
"198.54

"365 26
"326 67

1016

1026

104 3

1054

1069

102.0
101.1
101.7

102.9
102.0
102.8

104.6
103.6
104.2

105.8
104.8
105.1

107.5
105.8
106.6

101.1
101.9
102.7
102.5

102.0
102.8
103.7
103.2

104.0
104.3
105.5
105.1

105.3
105.5
106.6
105.5

106.4
107.0
109.0
107.8

146

151

145

149

146

140

139

137

134

132

132

127

122

Unless otherwise stated in footnotes
below, data through 1988 and
methodological notes are as shown in
BUSINESS STATISTICS, 1961-88

S-13

SURVEY OF CURRENT BUSINESS

October 1990
Annual

,, ..

1988

1990

1989
1989

Aug.

Nov.

Oct.

Sept.

Dec.

Jan.

June

May

Apr.

Mar.

Feb.

Aug.

July

Sept.

LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
WORK STOPPAGES
Work stoppages involving 1,000 or more workers:
Number of stoppages:
Beginning in month or year
number..
Workers involved in stoppages:
Beginning in month or year
thous ..
Days idle during month or year
do....
UNEMPLOYMENT INSURANCE t
State programs:
Initial claims
....
thous
Average weekly insured unemployment
do....
Rate of insured unemployment @
percent..
Total benefits paid
mil $
Weeks of unemployment compensated
thous ..
Average weekly benefit
dollarsFederal civilian employees unemployment
insurance (UCFE):
Initial claims
thous ..
, Average weekly insured unemployment
do
Total benefits paid
mil $
Weeks of unemployment compensated
thous
Average weekly benefit
dollars..
Veterans unemployment insurance (UCX):
Initial claims .
.
.
thous
Average weekly insured unemployment
do ....
Total benefits paid
mil. $..
Weeks of unemployment compensated . . . .
.
thous
Average weekly benefit
dollars..

40

51

6

6

5

5

1

3

3

5

5

4

5

1

5

4

118
4,364

452
16,996

203
3,761

14
1,922

69
3,221

8
2,344

5
376

4
312

18
281

40
720

33
813

6
536

14
527

6
705

34
752

11
566

15984

17 126

1266

1082

1 448

1564

1972

2502

1538

1 417

1362

1320

1334

1780

1,471

1,233

2,062
2.1
13 065

2154
22
14 260

2060
19
1 198

1782
1.8
958

1,863
2.6
1 045

2,012
2.0
1 144

2,264
2.4
1 248

2,924
29
1 844

2,791
28
1 637

2760
27
1 716

2,425
2.4
1 505

2,179
2.1
1 467

2,165
2.1
1264

2,278
2.3
1 384

2,341

2,047

93,416
144.64

97,937
151.68

8,880
148.98

6,490
177.55

120.8

114.4

9.0

7.8

10.5

9.3

9.7

11.9

7.5

7.4

7.4

8.1

9.8

13.5

9.0

9.9

223
1425

221
143 5

226
132

206
106

209
112

212
119

212
117

244
147

223
123

213
126

183
105

169
104

188
98

205
11 4

231
133

196
11 1

1 043 0 1 0856
136.67
132.21

96 4
136.43

783
135.08

1505
74.10

856
139.08

823
142.76

101 4
14538

832
14800

84 5
14901

690
152.82

692
150.70

647
150.70

r
75 1
151 32

91 5
145.71

766
145.44

6,944
155.90

7,671
154.71

8,312
155.78

12,133
158.53

10,574
160.44

11,161
159.60

9,598
162.59

9,406
162.04

8,116
161.89

r

9,004
158.66

1480

1 184

10,345
160.09

7,559
162.20

1428

1169

102

90

99

98

102

128

11 1

128

11 0

101

95

11 1

117

103

18.2
123.1

151
104.7

143
9.0

138
7.9

142
8.5

14.7
8.9

15.1
9.1

184
11.8

183
10.4

194
11.6

187
10.8

184
12.2

175
10.6

164
10.4

177
11.2

153
9.6

536
166.48

544
166.59

602
173.52

64 1
175.15

547
175.04

542,543 543 609
397 649 399 480
194 335 198 070
203 314 201 410
144 894 144 129

546 316
401 522
198 900
202 622
144 794

7888
156.00

644 0
162.57

549
164.31

47 5
165.72

512
166.12

70 5
166.78

622
167.19

698
166.40

64 1
169.17

717
170.76

53,945

54,766

61 8
171.00

r

FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers' acceptances
mil. $.
Gommercial and financial company
paper, total
do ...
Financial companies
do
Dealer placed
do
Directly placed
do
Nonfinancial companies . .
do
Loans of the Farm Credit System: t
Total, end of period
mil. $.
Long-term real estate loans
do...
Short-term and intermediate-term
loans
do
Loans to cooperatives
do
Federal Reserve banks, condition, end of period:
Assets total #
mil $
Reserve bank credit outstanding, total $
do
Loans
do
U.S. Government securities
do...
Gold certificate account
do...
Liabilities, total #
do...
Deposits, total
do
Member-bank reserve balances
do...
Federal Reserve notes in circulation
do ...
All member banks of Federal Reserve System,
averages of daily figures: 0
Reserves held, total
mil $
Required
do..
Excess
do
Borrowings from Federal Reserve
banks
do ....
Free reserves
do
Large commercial banks reporting to Federal
Reserve System, last Wed. of mo.:
Deposits:
Demand total #
mil $
Individuals, partnerships, and
corporations
do
States and political subdivisions
do
U.S. Government
....do....
Depository institutions in U.S
do....
Transaction balances other than demand
deposits
do ....
Nontransaction balances, total
do....
Individuals, partnerships, and
corporations
do ....
Loans and leases(adjusted),total §
do....
Commercial and industrial
do ....
For purchasing and carrying
securities
do..
To nonbank depository and other
financial
do ....
Real estate loans
do
To States and political subdivisions
do
Other loans
do
Investments total
do
U.S. Treasury and Govt. agency securities,
total
do ....
Investment account
do....
Other securities
do ....
See footnotes at end of tables.




66,631

62,972

451,762 521,859
354 127 398 456
161 535 188 580
192 592 209 876
97635 123 403

63,660

63,802

62,972

60,019

57,852

55,865

513,786 511,881 512,446
388 935 385 798 384 785
180 822 178 481 173 119
208 113 207 317 211 666
124 851 126083 127 661

516,426
387 137
175 770
211367
129 289

521,859
398 456
188 580
209 876
123 403

530 926
397 937
183 585
214 352
132 989

540 283
404 097
187 800
216 297
136 186

540,732
398 548
185 202
213 346
142 184

65,764

63,814

552 256 547,170
402 941 401 405
186 959 188 017
215 982 213 388
149 315 145 765

53,756

51,428
32,182

50,707
30,245

50,589
30,474

50707
30,245

51196
29923

51208
29595

9256
9990

10020
10442

10240
9876

10020
10442

9701
11 572

10 542
11 071

293 674

304 465

282 515

290 607

293 439

292 539

304465

292 909

292 506

250 945
2170
238,422
11,060
293,674
48898
39,347

236 991

225 192

228 704

226 441

230 516

481
228,367
11,059
304,465
46430
38,327

541
182
270
598
217,409 221,051 218,176 223,142
11,062
11,060
11,065
11,066
282,515 290,607 . 293,439 292,539
46348 46018 43395
39 114
31,924
32,253 32,351 37,277

236 991

226 046

733
218,392
11,059
292 909
43 230
29,464

257 829 228 894
2 163
1 779
219,132 219,322
11,060
11,059
292 506 295 137
41 565
41 143
33,811 36,129

229,640

241,739

230,766

229,076

234 471

236 534

238 944

262810
2
612 888
1 047
922

59 559
58,674

60 126
59188

60 623
59 634

989

60 658
59797
861

2
265
2

677

675
251

693
267

1 448

2 124

247 112

248 307

215 034

195 301
6993
2,711
24,187

197 212
7*248
1,865
24251

172 097
5 182
3,084
19,517

75,384
624,038

79,238
704,060

585,178
918,698
301,013

666,397
994,060
318,691

14090

16261

2
63 746
2
62,699
2
2

1,716
2
575

306 354

308 798

310 386

311 031

232 124 235 475 239 064
1 100
1 012
586
224,468 227,455 231,383
11,060
11,065
11,065
297 270 301 646 306 354
42429
39 132
42036
34,094
36,336
36,076

240 561

244 450

465
236,434
11,065
310 386
40 600
35,592

243 082
505
234,373
11,063
311 031
42 206
33,834

241 068

246 398

247 983

249 319

253 544

252 738

62 512
61 615

60 232
59 269

61 197
60 422

60 943
60 081

r
60 728
r
59r860

61 448
60 541

297 270

301 646

942
232,313
11,064
308 798
41 546
34,651

235,306

241 739

60989
60044
945

62 810
61 888

555
486

349
617

265
677

440
602

222 501

216 550

223 373

248 307

232 351

233 383

220 035

175 734
6*415
3,113
19,506

173 248
5978
2,262
19,716

178 974
5623
1,793
21049

197 212
7248
1,865
24251

185 121
7 160
2,246
21 283

185 814
6 935
2,987
22398

176 918
5 661
2,430
19570

73,459
686,827

72,787
687,094

74,794
700,138

76,012
703,876

79,238
704,060

80,236
719,888

81,177
724,933

80,619
730,926

647,353
971,706
317,064

648,506
976,688
314,783

661,528
986,018
317,857

665,907 666 397 680 988 685 592 691 572 691 238 702 169 703 325 715 080 715253 719 144
992,651 994,060 1 003 4231 006 8341 005 6141 007 5761 010010 1 Oil 832 1 012 9811 017 0241 019 094
318,983 318,691 319,954 323,310 323,019 325,252 322,754 321,906 319,630 317,459 318,909

16280

16699

885

938

22,858
22,334
301 629 352 500
28441 24940
250 667 259 334
200 806 223 349

21,815 21,590
340 854 342 740
26 222
26 514
249 179 254 654
214 323 213 744

128,633
114,447
72,173

143 671
131,501
70,652

156 556
140,002
66,793

230,467

481
228,367
11,059
304,465
46430
38,327

295 137

143,947
132,031
69,797

60397
59378
1 019

16948

15760

922

16261

62 931
61 914
1 017

16041

76

16465

687

16 914

897

962

774

862

868

907

502

881
239

757
385

927
r
68

624
289

219 106

234 527

221 364

215 000

213 251

225 626

174 129
6 477
4,007
19247

183 275
6 086
1,472
23840

174 225
6 280
3,562
19720

171 254
6 268
2,655
20 Oil

171 072
5 405
1,440
18 840

180 117
6 067
1,902
21 654

83,580
730,316

80,099
741,164

79,050
741,932

77,495 77,478
751,981 752,705

81,627
755,176

1 628

672

14937

1 335

13 526

15755

14 876

14 262

14 540

22,872 22,334
22,424
345 702 350 282 352 500
26061 25 389
24940
257 026 259 365 259 334
226 339 227 886 223 349

22951 23 358
22 151
21 797
21709
22 158
22633 23697
23 975
358 587 362 353 365 507 366 109 371 661 373 682 377 184 379 229 381 394
24 581
24 270
24756
23 716
23 998
23 233
22 454
22 774
21 978
262 376 257 967 254 107 255 129 255 720 253 559 255 566 260 262 258 298
240 924 242 429 235 932 234 862 236 129 238 860 240 171 245 197 245 127

157,973
138,399
68,366

173 980
148 843
66944

161 418
141,011
66,468

156 556
140,002
66,793

175 488
152 147
66941

170 856
153 148
65076

171 136
155 939
63726

172 743
159 623
63 386

176 366
160 890
62494

178 464
159 761
61 707

182 874
165 720
62 323

183 404
165 754
61 723

S-14
Unless otherwise stated in footnotes
below, data through 1988 and
methodological notes are as shown in
BUSINESS STATISTICS, 1961-88

SURVEY OF CURRENT BUSINESS
Annual

..
IT
un118
1988

October 1990
1990

1989
1989

Sept.

Aug.

Nov.

Oct.

Dec.

Jan.

Mar.

Feb.

Apr.

May

June

July

Aug.

Sept.

2,707.8

2,708.5

441.3
179.2
2,087.3

2,082.0

10.00

10.00

FINANCE—Continued
BANKING-Continued
Commercial bank credit, seas, adj.: §
Total loans and securities ^
U.S. Government securities
Other securities
Total loans and leases <>
Money and interest rates:
Prime rate charged by banks on
short-term business loans
Discount rate (New York Federal
Reserve Bank) @
Federal intermediate credit bank
loans

bil $
do
do ....
do ....

2,422.2

361.4
192.2
1,868.6

2,582.6
394.5

2,527.4
375.5

180.3
2,007.9

183.8
1,968.2

r

r

2,570.5 '2,585.8 '2,588.8 '2,594.4 '2,614.3 '2,635.6 '2,646.7 '2,653.8 '2,669.4 '2,684.7
'440.6
'438.5
'404.7
'396.1
'396.0
'390.9
'430.6
'427.3
'422.3
'414.5
177.8
179.9
181.4
177.9
180.4
180.8
178.3
180.0
180.1
180.5
183.6
1,983.3 1,998.2 '2,009.9 '2,011.9 '2,009.3 '2,019.4 '2,033.2 '2,039.4 '2,045.0 '2,053.0 '2,066.4
2,546.2
'379.3

447.1
179.4

percent-

9.32

10.87

10.50

10.50

10.50

10.50

10.11

10.00

10.00

10.00

10.00

10.00

10.00

do....

6.20

6.93

7.00

7.00

7.00

7.00

7.00

7.00

7.00

7.00

7.00

7.00

7.00

7.00

7.00

7.00

do

3

9.77

9.81

9.83
9.81

9.87
9.82

9.77
9.86

9.78
9.80

9.70
9.69

9.59
9.68

9.56
9.74

9.70
9.74

9.83
9.82

9.87
9.83

9.80
9.85

9.75
9.85

9.75
9.70

9.60
9.70

7.56
7.68

8.87
8.80

8.47
8.32

8.59
8.50

8.42
8.24

8.21
8.00

8.15
7.93

7.97
7.96

8.03
8.04

8.15
8.23

8.21
8.29

8.12
8.23

8.00
8.06

7.86
7.90

7.75
7.77

7.83
7.83

7.14

8.16

7.49

7.56

7.50

7.45

7.33

7.34

7.40

7.49

7.74

8.04

7.79

7.66

7.46

7.50

7.720

7.590

7.650

7.640

7.640

7.760

7.870

7.780

7.780

7.740

7.660

7.440

7.380

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, 3-month
do ....
Commercial paper, 6-month $ ...
do
Finance co. paper placed directly, 6-mo
do ...,
Yield on U.S. Gov. securities (taxable):
3-month bills (rate on new issue)...percent..

10.50

()
2
8.83
2

9.01

6.690

2

2

8.120

7.910

CONSUMER INSTALLMENT CREDIT t
Not seasonally adjusted
Total outstanding (end of period) #
By major holder:
Commercial banks
Finance companies ..
.
Credit unions
Retailers
Savings institutions
Gasoline companies *
Pools of securitized assets tt
By major credit type:
Automobile *
Revolving *
Mobile home *
Other *

.mil. $..

674,719

727,561

705,908

708,370

711,295

715,145

727,561

721,026

717,062

713,138

715,801

720,045

722,953 '727,196

733,543

do
do
do
do
do...
do ...
do ...

324,792
146,212
88,340
48,302
63,399
3,674

330,488
145,033
91,017
37,942
60,243
4,255
36,930

332,502
146,296
91,285
37,400
59,556
4,052
37,279

335,657
143,293
91,291
37,045
58,720
3,947
41,342

337,285
142,802
90,965
37,906
58,236
3,853
44,098

343,865
140,832
90,875
42,638
57,228
3,935
48,188

342,266
140,740
90,452
39,959
55,425

0

343,865
140,832
90,875
42,638
57,228
3,935
48,188

48,171

339,418
139,115
90,127
37,904
54,771
3,803
51,924

334,645
137,857
89,556
37,302
54,095
3,792
55,891

337,576
138,174
89,689
37,207
53,606
3,928
55,621

339,328
138,384
89,913
37,347
53,301
4,024
57,748

335,998 '339,124
138,642 138,796
90,137 '90,631
36,804
37,382
52,902
52,503
4,192
4,396
63,700 '64,942

342,641
139,496
91,324
37,231
52,399
4,722
65,730

do ...
do ...
do ..
do..

284,328
183,909
25,143
181,339

290,421
208,188
22,283
206,669

292,948
187,917
22,800
202,243

293,114
188,684
22,808
203,764

293,664
189,913
22,849
204,869

292,543
194,640
22,319
205,643

290,421
208,188
22,283
206,669

288,984
203,288
22,717
206,037

288,036
200,147
22,726
206,153

286,539
199,937
22,426
204,236

286,220
201,783
22,484
205,314

287,140
204,854
22,610
205,441

287,254 '287,479
206,820 '209,592
22,644 '22,873
206,235 '207,252

287,986
212,547
23,061
209,949

4,013

Seasonally adjusted
Total outstanding (end of period) #
By major credit type:
Automobile
Revolving
Mobile home
Other *

do

703,518

705,703

710,133

713,903

716,624

717,829

717,869

720,445

720,835

724,485

724,601

729,066

731,416

do
do
do
do

289,961
189,185
22734
201,638

288,839
190,378
22,661
203,825

290,904
199,146
22,604
205,175

289,629
199,927
22,633
205,680

290,932
202,263
22,708
204,543

288,936
203,965
22,702
205,232

do ...

3,518

2,185

290,972
194,679
22,197
206,055
3,770

290,770
197,110
22,343
206,401

Total net change (during period) #
By major credit type:
Automobile
Revolving
Mobile home
Other *

290,210
191,734
22,621
205,568
4,430

2,721

1,205

40

2,576

390

288,931
207,153
22,815
205,585
3,650

287,168 '286,791
208,362 '212,138
22,733 '22,795
206,338 '207,605
4,465
116

285,050
213,916
23,003
209,446
2,350

do
do
do..
do

79
2,901
-506
1,044

1,122
1,193
-73
2,187

1,371
1,356
-40
1,743

762
2,945
-424
487

202
2,431
146
346

134
2,036
261
-1,226

1275
781
29
505

1,303
2,336
75
-1,137

1996
1,702
-6
689

g
3,188
113
353

'-377
'3,776
'62
1,267

1,741
1,778
208
1,841

1,763
1,209
-82
753

FEDERAL GOVERNMENT FINANCE
Federal receipts and outlays:
1
Receipts (net)
.
mil $
71,213
68,426
99,233
76,136
908,166 '990,701
78,486
72,357
69,212 110,614
89,130
64,819 139,624
65,170
99,538
94,427 100,958 103,903
Outlays (net) . . .
do
98,291 131,240
97,865 111,769 121,747
98,286 105,300
91,286 100,437 118,165
'1,063,318 '1,142,691
41,760 -42,558 -11,133 -25,934 -52,754
22 150
53346
35267
8,252
6067 -26,001 -29,746 -14,774
' 155 151 1 151 989
Total surplus or deficit ( )
do
25,934
29,746
26,001
6,067
22,150
Federal financing, total
do
52,754
11,133
42,558
53,346 -41,760
35,267
14,774 -8,252
'155,151 '151,989
19,790
6,672
35,854
47,329
24,233
23,519
23,380
56,090 -5,935
18,221
15,841
6,821
36,690
Borrowing from the public
do ... '166,139 ' 140,369
19,172
9,956
-605 -10,689
'11,620 -13,704
Other
do
12,386 -1,701 -5,425
17,043 -2,754 -36,583
7,953 -24,108
'-10,988
Gross amount of debt outstanding
do . . . '2,614,581 '2,881,112 2,860,454 2,881,112 2,924,765 2,946,111 2,975,537 3,004,900 3,025,827 3,081,893 3,093,076 3,127,355 3,175,461 3,200,338 3,243,261
Held by the public
do
'2,063,900 '2,204,270 2,197,597 2,204,270 2,240,959 2,260,749 2,267,570 2,284,743 2,302,965 2,359,054 2,353,119 2,376,813 2,400,365 2,424,598 2,471,927
Federal receipts by source and outlays by
agency:
71,213
72,357
69,212 110,614
65,170
89,130
68,426
99,233
76,136
'908,166 '990,701
Receipts (net), total
mil $
78,486
64,819 139,624
99,538
34,448
45,026
36,932
21,467
13,174
28,830
56,044
37,385
35,493
Individual income taxes (net)
do ... '401,181 '445,690
36,434
33,290
49,639
74,375
2,385
729
19,430
1,963
Corporation income taxes (net)
do ...
2,057
18,569
1,557
13,375
12,655
1,231
3,118
18,878
'94,195 ' 103,291
1,608
Social insurance taxes and contributions
26,791
28,470
24,308
29,259
(net)
mil $
29,610
34,326
37,450
43,821
32,961
29,055
32,863
25,805
'334,335 '359,416
32,047
7,588
8,794
'82,392
Other
do
7,517
7,062
7,896
5,518
'78,454
8,738
8,052
6,030
6,054
8,397
7,399
8,081
94,427 100,958 103,903
98,286 105,300
Outlays (net), total
do
91,271 100,434 118,155
' 1,063,318 '1,142,691
97,866 111,764 121,836
98,291 131,240
3,821
'48,414
Agriculture Department
do...
5,167
3,074
2,247
'44,003
3,762
3,553
3,015
4,216
5,109
5,058
3,297
2,346
3,349
19,152
25,313
Defense Department, military
do ... '281,935 '294,876
24,586
27,750
24,157
21,137
27,759
22,004
27,015
25,560
21,385
28,691
27,805
Health and Human Services
Department
mil $
34,029
33,207
34,590
'373,169 '399,774
35,172
35,840
34,859
42,467
37,316
35,677
36,045
36,992
37,736
59,467
19,457
16,886
Treasury Department
do .... '201,644 '230,573
14,813
14,482
20,522
15,315
40,660
17,012
40,176
15,859
18,215
17,758
18,529
National
Aeronautics
and
Space Adm
do....
976
1,126
1,003
' 11,036
989
'9,092
963
1,093
1,087
923
904
1,065
1,101
1,103
1,140
2,611
1,492
3,628
2,257
Veterans Affairs Department
do ....
3,653
'30,041
'29,249
2,596
1,313
3,844
2,590
1,077
3,619
1,265
3,737
GOLD AND SILVER:
Gold:
Monetary stock, U.S. (end of
period)
mil. $ .,
Price at New York $$
...dol. per troy oz..
Silver:
Price at New York $$
dol. per troy oz ..
See footnotes at end of tables.




11,057
436.931

11,059
381.283

6.535

5.499

11,066
364.928

5.179

11,065
361.890

11,062
366.884

11,060
392.320

11,059
409.150

11,059
415.596

11,059
416.826

11,060
393.059

11,060
374.265

11,065
369.191

11,065
352.331

11,064
362.531

395.033

389.458

5.133

5.133

5.465

5.533

5.243

5.278

5.058

5.046

5.074

4.906

4.859

4.982

4.790

S-15

SURVEY OF CURRENT BUSINESS

October 1990
Unless otherwise stated in footnotes
below, data through 1988 and
methodological notes are as shown in
BUSINESS STATISTICS, 1961-88

Annual

.t
IT
UIWS
1988

1990

1989
1989

Aug.

Sept.

Oct.

Nov.

Jan.

Dec.

Feb.

Mar.

June

May

Apr.

July

Aug.

Sept.

FINANCE—Continued
MONETARY STATISTICS
Currency in circulation (end of period)
bil. $"..
Money stock measures and components (averages
of daily figures): t
Measures (not seasonally adjusted):

Ml
»
M2
M3
L (M3 plus other liquid assets)
Components (not seasonally adjusted):
Currency
Demand deposits
Other checkable deposits $$
Overnight RP's and Eurodollars Q
General purpose and broker/dealer
money market funds
Money market deposit accounts
Savings deposits
Small time deposits @
Large time deposits @
Measures (seasonally adjusted):
Ml
M2
.
M3
L (M3 plus other liquid assets)
Components (seasonally adjusted):
Currency
Demand deposits
Other checkable deposits $$
Savings deposits
Small time deposits @
Large time deposits @ ....

bil $
do. .
do ....
do....
do ....
do
do....
do
do...
do...
do ...
.dodo...

776.1
3,017.6
3,825.0
4,534.6
205.3

289.1
274.4

7791

778.1

7837
3,129 6
3,987.7
4,782.8

3,146.5
4,012.7
r
4,819.8

3,156.6
4,010.6
r
4,827.3

217.5
2804
278.5

219.2
277.1
273.7

218.6
276.3
276.5

839

79 1

233.1
517.8
426.1
980.6
513.5

276.3
475.0
409.9
1,355.5

564.1

C

C

784

do .
do...
do...
do
do
do

218.6
278.5
276.0
4040
1 130 0
570 5

7804
3,146 7

C

7829
31469
4,013.5
r
4,831.8

r

2193
278.1
278.4
4055

1 1326
5656

136,490
16,545

33,459
3,335

1,560
8,081
23,651
21,225
2453
4256

1,416
7,047
24,523
19,512
1968
3785
1512
5,515
9,666
9,663

431

221.0
2815
282.1
C

757

301.3
474.6
407.2
1,135.5
565.4

7881
3,163.6
4,018.1
r
4,841.7
r

220.0
280.0
280.8

4061
1 1359
5627

812.1

7917

3,204.8 3,234.5
4,040.7 r4,058.3
r
4,867.2 '4,898.9
r

218.9
280.7
278.1

751

154,583
20,671

5,335
13,778
11,143

785.0
3,179.3
4,018.2
r
4,841.8
r

294.9
470.6
404.6
1,132.1
567.4

286.8
467.0
404.9
1,131.2
570.4

4,013.0
r
4,825.2

993

260.4

247.6

2604

. do
.. do .
do ...
do...

PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Bureau of the Census):
Net profits after taxes, all
manufacturing
mil. $.
Food and kindred products
do ...
Textile mill products
do...
Paper and allied products)
do ...
Chemicals and allied products
do...
Petroleum and coal products
do...
Stone clay, and glass products
do
Primary nonferrous metal
do
Primary iron and steel
do ..
Fabricated metal products
do...
Machinery (except electrical)
....do...
Electrical and electronic equipment
do ...
Transportation equipment (except motor
vehicles and equipment)
.....mil $.
Motor vehicles and equipment
do...
All other manufacturing industries
do ...
Dividends paid (cash), all manufacturing
do...
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total
By type of security:
Bonds and notes, corporate
Common stock
Preferred stock
By type of issuer:
Corporate, total #
Manufacturing
Extractive
Public utility
Transportation
Communication
Financial and real estate
State and municipal issues (Bond Buyer):
Long-term
Short-term

247.7

1 1385
5610

1,872
6,224
4,741

876

C

C

317.4
489.3
407.8
1,144.5
553.4

7948
32012
4,044.3
r
4,881.2

r

221.9
279.7
285.7
4090
1 1423
5583

r
r

7948
3 231 0

4,048.5
r
4,882.5

r
r

227.0

271.4
285.2

2716
289.7

491.1
410.0
1,145.3
550.2

8014

817.3

3,288.5
4,079.6
r
4,919.9

C

C

329.4
498.3

414.1

416.6
1,147.7
r
536.9

8073
8048
9 r3,277.3
4 069 0 r4,072.9
r
r
4,890.4 4,906.6 4,916.4

r
3,255.6
r
4,064.3
r

r
3 270
r

224.6
277.3
285.4

226.6
280.2
287.0

2284
2793
289.5

4102
1 1430
5542

4136
1 1426
5501

4146
1 1464
544 1

230.1
277.8
291.8
4158
1 1477
r
5383

810.0

812.2

3,275.7
4,062.8
r
4,898.5

3,289.6
4,072.3
r
4,906.6

234.8
274.8
292.3

277.0
289.4

C

C

r

r

231.7
268.5
288.7
C

831

792

1,146.8

546.1

796.4
3,255.9
4,049.3
r
4,874.9
r

r

229.5
279.8
300.7

330.4
496.9

818

823

326.9

319.6
494.8
415.9
1,146.2
r
535.1
8054
3,270 9
4,065.0
r
4,887.1

r

r

r

2316
274.5

291.5
4150
1 1490
1-5354

8228
3,317.7
4,091.7

2334
274.5
293.8

4158
1 147 1
r
5328

47

248

1,160
4,510
5,262

1,389
5,495
4,071

6327
4,065

2,244
2,295

2,505
2,508

2,378
2053

1525
2921
2017

4315

1081
1,163

619
249

1342
1355

1 200
2111

23,944

22,674

6,243

5,262

3,875

5519

57,064

65,244

15,834

15,755

15 143

16299

147,030

(i)
(i)
(i)
(i)
(i)
(i)
0)

do
do...

117 829
22,839

123 037
29002

10646
5457

11336
1468

10 142
1835

10427

14030
2426

r

814

1044

1 109

32,740

34320

33940

35020

35110

34630

34320

32640

5660
16,595

7040
18505

5580
16015

5680
15310

6000
16340

5815
16345

7040
18505

62.0

66.1

67.3

65.8

662

669

679

925.98

829.83

4,031

r

r

r
241.5
238.3
r
279.9
278.0
r
293.1
291.9
291.3
4158
4163
4163
1 1485 1 149 5 1 150 4
r
r
5167
524 1
5305

2354
274.8

883
464

8,349

224,490
33,327
4,742
12,793
3,078

r

1003

5,019

mil. $.
do ....
do...
do...
do .
do ....
do....

4,918.4

r

1630

1373

(i)
(i)
(i)

8092

r
3 284 0
r
4,073.3
r

5167

12,474

45,485
6,506

842

35080

3
720
316

(i)

278.1
291.1

r
8162
3,302.0
4,088.6
4,931.3

27810
3,493

172,499

240.8

821

158

228 387

r

339.1
505.6
414.9
1,149.9
518.2

1451

427

239.2
276.7
289.2

r

818.7
3,310.2
4,087.8

°831

282
278
163
781

1076

r
814.0
3,302.0
4,088.7
4,925.8

r
r

237.1

822

8094
3,278 6
4,069.1
r
4,906.8

r

r

332.8
322.3
319.8
r
504.0
499.3
498.2
r
420.4
417.3
418.4
1,147.2 1,151.2 1,150.8
r
r
r
524.1
527.0
531.0

28645
5,406

do...
do...
do...

mil $

795.7
3,265.7
4,067.6
r
4,904.5
r

r

224.2

C

81 5

77 4

483.1

2204
278.8
282.8
4079

222.9
283.0
289.4

311.2
487.8
406.2
1,138.7
558.1

407.6
1,137.3
563.6
7894
31819
4 031 0
r
4,858.1

r

291.6
288.4

754

788.0
3,243.5
4,052.9
r
4,885.6
r

r

225.3

309.7

r

802.3
3,242.7
4,057.5
r
4,901.4
r

r

!0 990
1 867

rg g23

12 057
r
2268

14 095
rg ggg

r

2 995

10 697
7 117

12275

894

31 480

30760

31 060

31 600

31 720

32 130

30350

29 640

6755
17370

6575
16200

6525
16510

6465
15375

6215

6490
15 625

6 385
17 035

7 140

15470

16745

7 285
16 185

669

663

656

65 1

653

66 2

667

65 5

648

844.00 1,075.17 1,015.42

904.13

794.21

774.16

946.52 1,155.55

977.60

675.60

7962

6904

r

8067

804

SECURITY MARKETS
Stock Market Customer Financing
Margin credit at broker-dealers, end of year
or month
mil $.
Free credit balances at brokers, end of year
or month:
Margin-account
do
Cash-account
do .,
Bonds
Prices:
Standard & Poor's Corporation, domestic
municipal (15 bonds)
dol. per $100 bond-

Sales:
New York Stock Exchange, exclusive of some
stopped sales, face value, total
mil. $.. 7,702.12 8,836.27
See footnotes at end of tables.




805.75

769.80

S-16

SURVEY OF CURRENT BUSINESS

Unless otherwise stated in footnotes
below, data through 1988 and
methodological notes are as shown in
BUSINESS STATISTICS, 1961-88

Annual

., ..

1988

October 1990
1990

1989
1989

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

FINANCE—Continued
Bonds— Continued
Yields:
1018
Domestic corporate (Moody 's)
percent
By rating:
971
Aaa
do
994
Aa
do
1024
A
do
1083
Baa
do
By group:
9.91
Industrials
do ...
Public utilities
do ....
10.45
Railroads
do
1003
Domestic municipal:
766
Bond Buyer (20 bonds)
do
Standard & Poor's Corp. (15
7.74
bonds)
do ....
8.98
U.S. Treasury bonds, taxable $
do....
Stocks
Prices:
77217
Dow Jones averages (65 stocks)
2 060 82
Industrial (30 stocks)
17974
Public utility (15 stocks)
Transportation (20 stocks)
86383
Standard & Poor's Corporation: §
265.79
Combined index (500 Stocks)
1941-43=10..
306.68
Industrial, total (400 Stocks) #
doCapital goods
do
25283
305.95
Consumer goods
do....
10874
Utilities (40 Stocks)
do .
209.02
Transportation (20 Stocks)
1982=100...
158.73
Railroads
1941-43-10 ..
24.09
Financial (40 Stocks)
1970-10.,
92.05
Money center banks
1941-43—10.
103.22
Major regional banks
.do ...
271.62
Property-Casualty Insurance
do ....
N.Y. Stock Exchange common stock indexes:
149.91
Composite
12/31/65—50.
180.95
Industrial
do ...
13412
Transportation
do
7177
Utility
do
12726
Finance
do
NASDAQ over-the-counter price indexes:
374.43
Composite
2/5/71 — 100 .
379.49
Industrial
do ...
40817
Insurance
do
444 14
Bank
do
161.95
NASDAQ/NMS composite
7/10/84= 100.
14678
Industrial .
,
do .
Yields (Standard & Poor's Corp.):
364
Composite (500 stocks)
percent
3.14
Industrials (400 stocks)
do ...
708
Utilities (40 stocks)
do
2.48
Transportation (20 stocks)
do...
4.34
Financial (40 stocks)
do...
9.24
Preferred stocks, 10 high-grade
do ...
Sales:
Total on all registered exchanges (SEC):
Market value
mil $. 1,587,012
52533
Shares sold
millions
On New York Stock Exchange:
1 377 711
Shares sold (cleared or set44,018
tled)
millionsNew York Stock Exchange:
Exclusive of odd-lot stock sales
40850
(sales effected)
millions
NASDAQ over-the-counter:
347,089
Market value
mil. $.
31070
Shares sold
millions
Shares listed, NYSE, end of period:
Market value, all listed shares
bil. $ . 2,457.46
76,093
Number of shares listed
millions.

966

936

941

9.34

932

930

943

964

973

982

987

9.67

9.65

9.84

10.02

926
946
974
10 18

896
9 14
945
988

901
923
951
991

892
9 19
944
981

889
914
942
981

886
9 11
939
982

899
927
954
994

922
945
975
10 14

937
951
982
1021

946
964
989
1030

947
970
989
1041

926
949
970
1022

924
947
969
1020

941
9.63
9.89
10.41

9.56
9.77
10.09
10.64

966
9.66
(i)

935
9.37

939
9.43

9.31
9.37

930
9.33

9.28
9.31

9.42
9.44

9.61
9.67

9.70
9.75

9.77
9.87

9.84
9.89

9.64
9.69

9.64
9.66

9.83
9.84

10.02
10.01

723

716

740

724

704

697

724

725

7.33

7.54

726

7.27

715

7.47

7.53

7.24
8.58

7.08
8.26

7.27
8.31

7.22
8.15

7.13
8.03

7.01
8.02

7.13
8.39

7.21
8.66

7.29
8.74

7.36
8.92

7.34
8.90

7.22
8.62

7.15
8.64

7.31
8.97

7.40
9.11

96686 1 065 83 1 078 40 1 049 44 1 004 41 1 029 12 1 001 68 97219 1,006 45 1,004.68 1 022 50 1,045 32 1 039 61 934.30 888.98
2 508 91 2 691 11 2 693 41 2 692 01 2 642 49 2 728 47 2 679 24 2 614 18 2,700.13 2,708.26 2,793 81 2,894.82 2,934 23 2,681.89 2,550.69
20572
21808 21595 21664 22102 232 05 22319 221 17 216.96 210.68 212.37 211.16 204.95 210.09 199.83
1 194 30 1,407 13 1 462 67 1,342.02 1,188 12 1,182.98 1 139 75 1,083.36 1,160.31 1,164.82 1,163.11 1,181.85 1,150.03 951.11 881.31
322.84
370.28
27870
398.17
132.16
271.78
197.31
30.24
116.14
122.18
326.34

346.61
396.63
296 33
434.05
140.47
307.44
211.31
33.16
127.09
136.60
344.12

347.33
397.08
29462
430.76
14098
315.42
215.45
33.24
125.45
135.63
345.97

347.40
396.34
28865
439.31
142.71
297.89
208.51
33.76
130.47
132.49
364.37

340.22
388.11
27778
430.31
143.37
272.41
198.92
32.48
117.79
123.77
381.59

348.57
398.43
28606
432.27
152.18
276.07
209.58
31.14
111.50
116.75
373.23

339.97
390.58
28606
423.16
14604
270.90
210.40
29.68
103.93
114.22
362.11

330:45
381.11
28339
406.89
140.99
261.42
208.34
28.17
96.47
109.09
364.89

338.47
391.71
29480
418.06
141.92
274.48
209.18
28.50
97.69
108.99
366.84

338.18
393.17
294.19
426.68
140.89
273.52
206.20
27.53
92.79
102.95
356.63

350.25
408.10
30565
445.52
143.66
277.39
212.18
28.73
94.63
107.48
358.70

360.39
421.49
312.50
469.50
143.52
284.14
221.46
29.84
96.78
110.48
367.50

360.03
425.76
31290
481.61
137.86
276.97
220.90
28.46
90.56
102.52
354.19

330.75
390.78
281.47
437.65
132.76
240.08
204.55
24.86
80.78
89.52
325.99

315.41
372.81
260.28
414.03
130.33
224.76
191.84
22.57
72.86
79.30
304.77

180.02
216.23
17528
8743
15188

192.94
231.32
197 52
9290
16486

193.02
230.86
20202
9344
16551

192.49
229.40
19036
94.67
166.55

188.50
224.38
17426
9495
16089

192.67
230.12
17725
99.73
15563

187.96
225.79
17367
9569
15011

182.55
220.60
16658
9215
14268

186.26
226.14
17508
93.00
143.09

185.61
226.86
173.54
91.92
138.57

191.35
234.85
173.52
93.29
142.94

196.68
242.42
177.37
93.65
147.93

196.61
245.86
17318
89.85
143.11

181.46
226.73
147.41
85.81
128.14

173.24
216.81
136.95
83.30
118.59

437.80
428.38
50475
457 08
191.02
16751

461.83
448.47
53562
48422
201.86
17563

469.28
455.01
53304
48508
205.14
178 19

469.68
455.91
53837
46001
205.35
17864

454.70
441.63
54607
42708
198.82
173.11

449.01
440.00
54735
395.94
196.47
172.83

439.35
436.80
52205
38667
192.26
17171

424.52
427.83
49138
37576
185.72
168.26

436.09
447.48
503.71
374.38
190.91
176.25

428.99
447.38
490.70
353.23
187.74
176.32

442.60
467.97
49090
347.83
193.92
184.78

462.31
493.50
507.48
346.86
202.76
195.16

455.82
493.24
50298
330.54
199.93
195.21

396.32
423.90
460.22
293.84
173.54
167.45

368.58
394.25
432.85
271.42
161.35
155.69

345
3.01
639
2.14
3.73
9.04

328
2.86
611
1.93
3.42
8.75

329
2.88
605
1.88
3.44
8.82

329
2.89
595
2.02
3.39
8.85

339
2.98
5.93
2.32
3.57
8.73

333
2.94
553
2.33
3.77
8.75

341
3.01
558
2.37
3.98
8.80

354
3.12
584
2.42
4.25
8.90

349
3.07
5.84
2.32
4.25
9.02

351
3.13
5.92
2.33
4.38
9.05

344
3.01
578
2.30
4.38
9.04

336
2.93
5.76
2.21
4.22
9.01

337
2.91
603
2.24
4.42
8.94

3.65
3.16
6.17
2.63
5.05
8.97

9.05

190,751 153,234
4416
5 146

185,652
4889

136,071
4056

144,184
4422

146,564
4446

125,259
4030

147,670
4568

124 261 107 474

127 078

98732

3,286

3,696

2,906

1,844,768
54239

1 576 899 164 536

129 727

4,242

3,517

44,140

161 383 115 042 122 748

4,022

3,217

3,572

3,544

177,524
115,381 143,013 148,706 138,813
r
5449
4080
4380
5371
3646
123 055 128 367

120 494

152 819

3,576

3,370

4,402

4,561

41 699

3948

3035

4013

3,032

3214

3794

2962

3,285

2801

3597

3226

3371

4015

431,381
33530

39,575
3031

34,690
2626

45,016
3,166

31,814
2,538

34,645
2,760

41,869
3,029

30,647
2422

40,117
2,909

35,371
2,593

48,795
3,469

44,887
3153

46,329
2985

44,058
3,121

26,152
2,096

3,029.65 3,022.19 3,800.82 2,925.38 2,969.05 3,029.65 2,814.43 2,842.19 2,904.13 2,826.45 3,067.12 3,045.54 3,034.18 2,758.95 2,617.45
81,925 82,797
83,605 84,013 84,471 84,939 86,507 87,750 88,748 88,782 89,488
79,534 79,969 81,641
82,797

FOREIGN TRADE OF THE UNITED STATES
VALUE OF EXPORTS
(mdse.), incl. reexports,

Exports
total @
Seasonally adjusted "j*
Western Europe
European Economic Community
Belgium and Luxembourg
France
,...
Federal Republic of Germany
Italy
Netherlands
United Kingdom
Eastern Europe
Union of Soviet Socialist Republics
See footnotes at end of tables.




mil $ 322 426 4 363 982 8 29 405 9
30 181 1
do
87 857 7 100,434 8 75265
do
do.... 75,755.3 86,591.5 6,314.4
8,656.5
627.4
do....
7,410.5
818.6
9,969.7 11,585.0
.. do ...
do.... 14,347.6 16,882.9 1,185.8
530.1
6,775.4
7,232.4
do ....
10 116 5 11 392 8
8240
do
do.... 18,364.4 20,866.1 1,526.8
193.9
3,649.6
5,296.3
do ....
do....

2,768.9

4,271.2

137.0

29 709 5 31,756.2 30,279 0 30,874 0 30 495 7 30 921 0 35 955 3 32 599 6
30 128 6 31 437 0 30,617 8 31,262 1 31 372 4 31 576 0 33 266 4 32 057 8
8,522 8 8,782.4 8,299.3 8,614.4 8,444.2 9,073.3 10,322 5 10,196 1
7,414.6 7,587.0 7,231.6 7,335.6 7,402.3 7,986.9 8,988.2 8,861.9
717.1
753.7
759.7
745.3
878.2
724.0
938.5
723.3
957.6 1,028.8
953.2 1,147.5 1,213.3 1,096.6
964.5 1,026.5
1,425.9 1,624.9 1,435.7 1,442.8 1,449.2 1,445.6 1,700.4 1,696 5
613.3
635.4
589.5
6160
661.5
524.8
719.5
736.5
9571 1 1528 1 111 3 1 1669 1 301 7
9608
9169
1 2268
1,691.9 1,721.9 1,781.7 1,665.2 1,611.3 2,006.1 2,343.3 2'080.2
230.4
541.9
492.5
534.1
527.4
150.7
556.2
445.1

86.1

157.1

423.5

452.5

421.2

366.8

417.1

444.8

33 678 0 34 456 9 r 307286 31 746 1
32 773 7 34 220 9 r32 125 4 32 633 3
98646 9 6247 84742 83183
8,345.6 8,414.9 7,300.8 7,295.3
816.6
900.6
832.6
901.2
9760 10980
10177 11560
1 823 5 1 401 1 14983 13321
6771
5194
5600
7425
7906 1 0605
951 2
1 0157
1,959.2 2,220.5 1,813.3 1,674.0
190.0
233.3
506.9
436.0

332.3

429.6

171.1

50.3

:::::

SURVEY OF CURRENT BUSINESS

October 1990
Unless otherwise stated in footnotes
below, data through 1988 and
methodological notes are as shown in
BUSINESS STATISTICS, 1961-88

Annual

.,..

S-17

1989

1990

ljnus

1988

1989

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Ma,

Apr.

May

June

73632
305.6
2,042.5
2383

79145
288.6
2,559.8
2586

75185
403.4
2,534.6
2954
499.8
655.3
4 181 8
1 3438
2703
8096
9414

July

Aug.

Sept.

FOREIGN TRADE OF THE UNITED STATES—Continued
VALUE OF EXPORTS— Continued
Exports (mdse.), incl. reexports—Continued
Western Hemisphere:
Canada A
mil $
Brazil
. do
Mexico
do ...
Venezuela
do
Asia:
China
do
Hong Kong
. . do .
Japan
do
Republic of Korea
do
Saudi Arabia
do
Singapore
do
Taiwan
do .
Africa:
Nigeria
do
Republic of South Africa
do...
Australia . . .
OPEC...,

. .

do
do

6885
4984

3917 4
1087 5

4918

3567
1,687.6
69729

1,659.1
83470

13 994 3

13 234 5

9700

3812

do
do
do...
do...
do...
do
do...
do
do
do.
do




1 120 4
3168
7023
9602

1 160 5

5127

695 1
10914

6 706.7

483.
2,052.0

1998

3594

516.7

4391

626.2
37658
1 0694
2487
5492
8834

1 1504
2826
6109
9963

8,047.9
373.8
2,300.9
2277
356.4
556.3
4 222 6
13396
3411
6641
11723

613.8

381.4
734.1

36034

37359

1 1380
2601
6010
9718

1 156 6
2930
5970
9311

374.9

r

6,154 5

412.3
2,332.6
2466
385.7
503.9
42200

1 104 5
2907
6318
8867

66483

5129
2,519.5
2784
4227

519.5
3917 6
1 1986
3563

7461
9084

348
461
423
437
451
41 6
538
274
326
380
402
27 8
169.5
143.0
121.1
167.3
114.1
120.3
157.2
146.2
148.9
146.2
147.8
142.9
127.0
7605
6771
6150
7227
5632
6247
8831
6945
8486
6257
8102
8844
7880
1 1276
9565 13235 10592 10937 1 168.4 1,033.2
9469 1 1285 1 0126 1447 1 10326
9105
r
28 533 7 28,842 1 30,691 5 29,085.5 29 341 8 29,0796 29,523 0 34,333 6 31 109 2 32,078.3 32,424.6 29,257.8 30 235.7

440 952 3 472 976 6 40 440 1
40 509 2
100,442.8 101,725.1 8 164.9
84,938.5 85,128.9
7,057.8
4,493.3
263.7
4,569.6
12 508 5 13 028 6
9966
26,361.9 24,833.7
2,057.0
11 576 0 11 945 9 1 1007
47961
3738
45589
17 976 4 18,242 3 16356
20604
1642
2 1626

38 680 1
38 897 3
7 660.2
6,420.8
379.3
9585
1,848.2
7750
3966
14975
1748

.....do...
702.7
59.0
52.4
586.0
Western Hemisphere:
Canada
. . .
.
m i l $ 81 397 9 88 210 0 68254 7 1339
92943
Brazil.
do
651 1
7754
83790
Mexico
do
23 259 7 27 186 3 23606 22108
6,786 0
51574
Venezuela
do
5396
5530
Asia:
China
do
85109 11 988 5 1 2837 1 1830
Hong Kong
do
8890
97386
10 237 8
9688
Japan
do
89 518 7 93 585 9 79148 76188
Republic of Korea
do.... 20,105.1
19,741.9
1,754.6 1,691.5
Saudi Arabia
... ...
do
7 181 4
56202
5643
654 4
79733
Singapore
do
8185
89498
7953
Taiwan
do.... 24,713.9 24,325.6 2,384 6 2,176.5
Africa:
Nigeria
do
52265
32785
4927
483 6
15290
15129
Republic of South Africa
do
1306
123 1
3 541 3 38983
Australia
do
3170
311 2
OPEC
do
22 962 2 30 601 0 2817 9 2489 5
By commodity groups and principal
commodities:
Petroleum and products
mil. $., 38,786.5 49,623.9 4,399.2 4,081 9
Nonpetroleum products
do .... 402,165.8 423,301.9 36,632.8 34,417.3
Food and live animals #
do .... 20,109.8 20,685.4
1,793 8 1,514 2
43640
Beverages and tobacco
do
4 1226
371 5
371 5
Crude materials, inedible, exc.
fuels #
do.... 13,624.4 15,370.4
1,389.8
1,239.1
Mineral fuels, lubricants, etc
do . . . . 41,041.5 52,648.6 4,657.8 4,326.7
Oils and fats, animal and vege648
7308
887 5
table
do
489
20,752.3 1,723.0 1,534.3
Chemicals
do.... 19,559.7
Manufactured goods classified chiefly
by material
mil. $.. 62,249.0 61,991.3
5,471.5 4,918.2
Miscellaneous manufactured
69 748 9 76 639 0 7 5434 68653
articles
do
Machinery
and
transport
197 016 7 205 761 1 16 741 1 16 436 0
equipment
do
Machinery, total #.....
do.... 117,281.0
Transport equipment
do .... 79,772.4
Motor vehicles and parts
do.... 71,065.0 2 69,349.6 4,907.8 5,221.1
See footnotes at end of tables.

39742

59658

324

Exports of U.S. merchandise, total @
do... 310,049.1 349,650.4
By commodity groups and principal
commodities:
Agricultural products, total
do...
37,046.6 40,003.3 2,768.2 3,011.8
Nonagricultural products, total
do ... 285,379.8 310,013.9 25,614.7 27,440.2
Food and live animals #
.mil. $.
26,181.8 29,723.8 2,332.4 2,398.1
Beverages and tobacco
do...
5,509.7
4,555.6
446.4
4526
Crude materials, inedible, exc.
25 151 3 26 946 7 20458 20586
fuels #
do
Mineral fuels lubricants etc. #
do
8425
98654
82352
841 1
Oils and fats, animal and vegetable
do .
13498
1,521 7
1653
1244
Chemicals
do ...
32,280.7 36,485.0
3 067.5 2,992.5
Manufactured goods classified chiefly
by material ..
mil $
23 594 0 27 242 8 2351 8 23325
Miscellaneous manufactured
articles
do ...
23,685.7 1 32,637.4 27339 2 797.3
Machinery and transport equipment,
total
.
. . .
m i l $ 135081 6 148 799 9 11 965 8 13 212 1
88 432 0
Machinery, total #
do
Transport equipment, total ..
do
46 702 8
Motor vehicles and parts
do ...
24,019.7 2 23,613.0
1,668.5 1,944.8
VALUE OF IMPORTS
General imports, total @
Seasonally adjusted 1"
Western Europe
European Economic Community..
Belgium and Luxembourg
France
Federal Republic of Germany
Italy
Netherlands
United Kingdom
Eastern Europe ..
.
...
Union of Soviet Socialist Republics

4244
4966
3904 1

5424
4710
3 698 7
1 1100
301 2
5774
9994

5,807 4
5 021 4
6,304 0
5,687.4
37 725 2 44 583 9
11 231 8 13 478 0
3 5760
37761
73527
57676
12 129 1 11 322 9

6145

3050
4859
3759 1

4279
5664
3 502 4
1 1706
2697
5743
8733

3 035 7

2454

1940

2174

1,956.5

4611 9

6 271.5
404.6
2,153.0
1660

6 627.5
425.3
2,004.1

64409

2,148 1
1839

78,638.9
4,799 4
24,968.8

2,057.2
2322

6 976.1
471.4
2,351.7
255 1

62893
4729

71,622 0
4,266.5
20,628.4

3,392.2 3,654.8 3,559.8
3,716.5 3,459.9 3,986.8 3,291.7 3,202.7 3,178.7 2,714.6 2,893.5
28,487.4 26,515.0 27,622.7 25,488.0 25,881.4 30,124.6 27,940.5 32,020.1 29,319.4 26,443.5 27,342.2
2,401.6 2,540.8 2,473.0 2,516.9 2,392.7 2,718.6 2,470.0 2,520.2 2,527.7 2,432.5 2,497.1
4499
570.9
477.7
549.7
486.0
5109
6133
5944
614.8
478.8
5669
23434
8869

2 1845
9811

24445
9459

2527 8
8864

2 313 3
7663

2 774 2
9641

22917

848 6

2 1688
8663

2 230 8
8690

1 9156
831 2

2 1536
1 057 3

1132

864

1050

976

938

1228

810

1262

1210

2,943.0

2,821.4

2,796 8

3,120 1

2,868.4

3,347.4

34273

3,3588

3,259 6

30078

24705

22260

2239 1

25614

2 408 3

27676

26556

26965

26659

24997

26196

2 781.2

2,792.3

29316

31004

2,819 3

35709

32415

33149

32935

32798

3 1870

1027

975
32344

13 508 6 11 864 8 13 145 1 12 787 8 14 145 5 16 083 5 14 401 0 15 177 5 15 740 7 13 505 2 13 592 8
2,171.5

2,080.5

1,982.1

1,740.1

2,263.1

2,822.6

43 536 2 41 033 0 37 560 5 40 309 9 37 130 4 42 081 7
41 589 3 40 530 5 38 057 6 41 570 2 38 672 1 41 636 2
9,400.7 9,098.5 8 179 4 8 754 0 8 113 7 96086
7,839.0 7,632.5 6,850.4 7,451.2 6,841.7 7,961.6
411.4
416.2
4476
3485
366.8
3312
1 1067 1 1843 1 043 1 10737
9372 1 086 2
2,256.9 2,108.8 2,060.4 2,202.9 2,115.0 2,580.1
1 1404 1 1053
944 1 1 0548
999 5 1 0555
4496
5080
461 3
3860
4152
3882
17487 17021 1 4347 16426 1 5069 1 659 2
1656
1764
2302
1464
1847
184 1

58.8
78472
7427
24636
6625
13384
1 0584
86311
1,782.1
5348
8503
2,290.7
3305

49.2

45.4

7717 5

6811 3

6063
23594

6352
20582
6348

6714
1 1304
8836

7751 6
1,650.0
6743

820 1
1,990 9
4532

1236

1329

3802
25957

3592
28248

124.0

70.2

69065
7796
23808
7528

69337
6046
23883

1 2003
9098
68337
1,605.4

688 5
783 0
7746
8500
1 851 2 20609

9766
5803
6 887 7
1,308.9
689 0
6833
1 5700

3989
668 5
1483
111 3
323 6
346 4
26368 3634 1

452 8
1079
393 8
29686

941 7
7478
75577
1,486.3

571 5

77.2

2,477.8

38 711 5
39 363 6
88402
7,429.9
3945
1 0748
2,371.3
1 0642
3580
1 506 4
1390

48.6

80777
6396
26168
6867

7321 2

937 0

2,818.0

2,602.9

1,722.6

1,956 2

40 602 6 40 653 0 rr41 238 3 41 859 6
40 543 2 39 560 5 41 244 3 41 969 6
90530 88185 9 804 2 86923
7,623.3 7,339.4 8,297.4 7,530.9
4812
3338
3725
2859
1 0538 1 085 2 1 2167
951 1
2,361.7 2,220.3 2,497.2 2,475.7
1046 1 1 0663 1 2137 1 201 7
4902
3910
4352
408 1
1 6600 1 529 6 1 6159 1 511 8
189 1
1447
1638
190 0

57.4

70.5

53.8

879

6459
21855
5583

8 473 5 8227 1
6762
674 7
24904 24659
601 0
6692

7 050 4
'747*3
23379
5524

7 158 2
*691 0
2557 5
7448

9889
6440
7 5553
1,525.9

1 1592
7408
67017
1,545.9

665 8
538 9
451 8
790 0
730 2
782 0
1 801 9 1 821 7 1 8935

1 291 5
7868
7 251 1
1,583.6
444 1
874 0
1 8467

1 5155
9429
7 1863
1,727.4
550 0
883 4
20250

1 5666
9164
7 697 8
1,717.0
8128
879 7
2 119 6

586 3
483 7
1363
105 5
296 1
302 3
3 170 1 2 452 2

401 8
145 8
333 8
2 347 7

390 6
107 7
375 3
2 584 8

400 9 *
140 1
507 7
3 284 9

6457
78433
1,389.0

605 0
165 4
363 5
2805 1

4,409 1 4,427 4 4 1004 58904 47682 4 7 7 4 4 37992 4 369 8 37573 40386 4 867 5
38,922.9 36,512.1 33 490 7 34 494 7 32 552 4 37 172 4 34 904 3 36 208 6 366974 37 317 6 36 992 1
1,728 3 17023 1 6893 1 9960 1 9368 2 1706 1 8808 1 8767 1 7287 1 6964 1 633 5
4908
454 5
3369
3426
329 5
3743
348 4
378 3
343 5
385 8
417 1
1,297.5
4,652.2

1,227.0
4,636.0

1,156.3
4,326.0

. 1,236.8
6,286.1

693

594

1,151.8
5,042.4

1,224.6
4,942.7

576

474

1,259.2
4,286.7

1,304.5
4,593.3

1,204.7
3,975.7

82 9
66 8
1 931 8 1 9195

1 7869

63 7
92 3
1 827 4 1 8383

5,097.7

1,202.8
4,099.3

1,287.2
5,115.4

687

63 1

1,857.4

1,735.4

1 561 0 19359

5,533.1

5,121.6

4,361.4

5,067.8

4,368.5

5,063.1

4,851.5

5,192.7

5,365.5

5,169.3

7 7023

6750 1

58360

64928

58224

6 116 5

5 910 0

6 529 1 6 937 1 8 050 5

7 806 4

1 727 2 20152

67 1

18 446 2 17911 3 16 923 2 15 642 1 15 590 7 18 582 1 17 165 5 17 338 6 17 803 1 17 047 0 17 098 1
6,193.5

6,112.6

5,718.3

4,738.7

5,355.1

6,675.5

5,653.8

6,216.3

6.068.5

5.234.9

5.367.5

'•

SURVEY OF CURRENT BUSINESS

S-18
Unless otherwise stated in footnotes
below, data through 1988 and
methodological notes are as shown in
BUSINESS STATISTICS, 1961-88

Annual

October 1990

1989

1990

IT
u M

1988

1989

Sept.

Aug.

Nov.

Oct.

Dec.

Mar.

Feb.

Jan.

Apr.

May

June

July

Sept.

Aug.

FOREIGN TRADE OF THE UNITED STATES—Continued
Indexes
Exports of U.S. merchandise:
Unit value @
Quantity
Value
General imports:
Unit value @
Quantity
Value

(3)

1977=100..
do .
do ....

169.6
1498
254.1

do
do
do ..

1729
1751

(3)

3027

(3)

Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):
Shipping weight
thous. met. tons.,
Value
mil $
General imports:
Shipping weight
thous. met. tons.
Value
mil. $..

(3)
(3)

(3)

361,173

381,099

30,188

143 184

11736

23,165
8878

33,676
12378

35,408
12453

34,879
12803

31,785
12345

28,933

125 782

11293

33,816
13823

31,463
12866

31,303
12757

464 606
254,766

493 864
270,633

44960
23,835

40768
21,667

43826
25,265

42567
23,273

37983
21,316

45503
24,202

39796
21,415

41923
23,449

38616
22,150

44274
22,737

38.55

36.84

63.5
4915

61.9
4617

37.51
60.8
4721

41.74
67.1
5036

2798

TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers
Certificated route carriers:
Passenger-miles (revenue)
bil..
Passenger-load factor
percent..
Ton-miles (revenue) total
.
mil
Operating revenues (quarterly) # § .. .mil $ .
Passenger revenues
. .do
Cargo revenues
do . .
Mail revenues
do....
Operating expenses (quarterly) §
do....
Net income after taxes (quarterly) §
do....
Domestic operations:
Passenger-miles (revenue)
bil
Cargo ton-miles..
. .mil
Mail ton-miles
do...
Operating revenues (quarterly) §
mil $
Operating expenses (quarterly) §
do...
Net income after taxes (quarterly) §
do
International operations:
Passenger-miles (revenue)
bil.
Cargo ton-miles
mil .
Mail ton-miles
do
Operating revenues (quarterly) §
mil $
Operating expenses (quarterly) §. . . . do.
Net income after taxes (quarterly) §
do...

432.71

44.38

34.70

62.5

63.2

53800
63679
50296
7,478

55457

72.4
5441

4500

972

60,236

423.30

31.81
59.2
4062

14,199
2,042

955

225

257

231

67,347

17,317

17,464

18,074

101

313

-575

-614

32931
4,843

32998

3297

4,916
1,415
54072
52,260

420
114

93.99
4,789

102.74
5,359

11.41

470

496

13402
12403

1
15 076
1

1,367
50187
47,739
1003

33.79

60.5
4470

18153

69211
53727
8,863

1,772

751

36.15
61.9
4711

35.10
59.9
4572
17047
12,956
2,355

60.5

2542

424
109

27.64

453
114

26.37

429
119

427
41

15 019
'-213

461
36

17467
13,479
2,283

25.46

24.65

29.68

380
121

375
111

446
126

8.51

7.42

8.22

489
40

498
44

426
70

4382

3728

4031

3910
-192

226

2790

425
119

3035

393
116

886
385
37

960
389
37

1140

736

761

723

1740

1784

1742

258
113

13719
14,049

329

383

87

9.28

387
180

57.3
4278

13302
13,537

13754
13,270

315

26.89

34.02

8.56

338
37

7.15

8.87

362
34

448
40

455
38

3748
4025

-285

Urban Transit Industry
Passengers carried, total tT

1

100
18,668

8914

1

1

1

701

741

697

797

100

100

5,084

4,964

355

109

4

74

175

43

45

44

168.6

1

751

100

J

27,979
*27 135

785

5,094

464

1

734

100

'170

1772

760

19,750
1

J

Freight carried—volume indexes, class I and II
intercity truck tonnage (ATA):
Common carriers of general freight,
seas adj.
ft
1967—100
Class I Railroads *
Financial operations, quarterly (AAR),
excluding Amtrak:
Operating revenues, total #
mil. $.,
Freight
.. . .
do
Passenger, excl. Amtrak
do
Operating expenses
do
Net railway operating income ....
do
Ordinary income t
.do
Traffic:
Revenue ton-miles, qtrly. (AAR)
bil.
Producer Price Index, line haul
operations
12/84—100

r

8893

niil

Motor Carriers
Carriers of property, large, class I, qtrly.:
Number of reporting carriers
Operating revenues, total
mil. $
Net income, after extraordinary and prior
period charges and credits
mil $
Tonnage hauled (revenue), common and
contract carrier service.
mil tons

168.5

165.4

166.9

165.9

165.5

172.0

169.2

173.2

27,956
27 059

6,864

6631

7,012
6775

7,104
6875

7,133
6912

7
1961
1

5886

6701

6226

6 142

2,319

25 038
1896
1
2,010

996.2

1,013.8

1048

1064

1

24 883

188
299

673
578

251.0

1068

1068

23

23

23

91

85

1069

1069

700
562

r

2604

1071

1071

107 1

1858

24

751
252

257.6

1068

1761

256 7

107 1

107 1

1070

2

776

1070

2

825

107 1

2

103 8
107 1

Travel
Lodging industry:
Restaurant sales index....same month 1967=100..
Hotels: Average room sale Q
dollars..
Rooms occupied
% of total..
Motor hotels: Average room sale Q
dollars ..
Rooms occupied
% of total.
Economy hotels: Average room
sale ^
dollars
Rooms occupied
% of total..
Foreign travel:
U.S. citizens: Arrivals (quarterly)
thous .
Departures (quarterly)
do....
Aliens: Arrivals (quarterly)
do...
Departures (quarterly)
do...
Passports issued
.
do
National parks, recreation visits ##
do....
See footnotes at end of tables.




245

217

245

256

87.77

80.73

86.38

92.96

66

68

72

69

45.88

236
85.12

44.91

232
94.16

60

56.20

45.45

46.54

47.74

66

75

63

68

61

4062

3857

40 16

3743

3699

3747

66

79

67

68

62

1

18,120
1
17,603
1
15,099
1
13,550

3691

289

56,422

10,019

52

4018

50

5468

3955

5,010

4,139
3,550
3,234

4,725
4,323

182
97.01

56

46.97

17 583
1
17,209
1
13,804
1
12,211
4061
55,422

248
93.79

65

64

65
1

44.21

74

230

232

227

6,525

4,865

2,379

197
1,254

51

3978

55

226

264

229

296

276

259

224

100.06

101.15

100.74

9920

9200

8772

87 02

49.33

48.96

48.82

72

50.59

70
4087

62

75

52.38

76
4442

73
4469
4,059
3440

292
1,500

331
1,511

3143

437

2,268

71

72

48.21

51.65

72

70

44 13

43 56

70

69
2
1 528
2
1,493
2
1 300
2

1 128

74

68

74

4283

4071

76

77

71
75

39 92

79

2
2

1 609

1668

2
1
2

296
1 144

399

3,378

71

397

385

351

284

213

4,876

'7,695

10,314

9,930

6,584

r

S-19

SURVEY OF CURRENT BUSINESS

October 1990
Unless otherwise stated in footnotes
below, data through 1988 and
methodological notes are as shown in
BUSINESS STATISTICS, 1961-88

Annual

...,
"nils

1988

1990

1989
1989

Sept.

Aug.

Nov.

Oct.

Dec.

Jan.

Mar.

Feb.

Apr.

June

May

July

Aug.

Sept.

TRANSPORTATION AND COMMUNICATION— Continued
COMMUNICATION
Telephone carriers:
Operating revenues #
Station revenues
Tolls, message .
.
Operating expenses (excluding taxes)
Net operating income (after taxes)
Access lines

mil. $
do
do
do
do
mil

:: :::
CHEMICALS AND ALLIED PRODUCTS

CHEMICALS
Inorganic Chemicals
Production:
Aluminum sulfate, commercial (17% AhOs)
thous. sh. tons ..
Chlorine gas (100% C12)...
.
do
Hydrochloric acid (100% HC1) ..
do
Phosphorus, elemental
do
Sodium hydroxide (100% NaOH)
do ..
Sodium silicate, anhydrous
do....
Sodium sulfate (100% Na2SO4)
do...,
Sodium tripolyphosphate
(100% NasPsOio) .. ..
do
Titanium dioxide (composite and
pure)
do ..
Sulfur, native (Frasch) and recovered:
Production
thous met tons
Stocks (producers') end of period
do....
Inorganic Fertilizer Materials
Production:
Ammonia, synthetic anhydrous $
thous. sh.
Ammonium nitrate, original solution $
Ammonium sulfate $
•
Nitric acid (100% HNO3) $ . . .
Nitrogen solutions (100% W t
Phosphoric acid (100% P2O5) $
Sulfuric acid (100% H2SO4) :j:
Superphosphate and other phosphatic
fertilizers (gross weight):
Production
thous. sh.
Stocks end of period
Potash, sales (K2O)
Imports:
Ammonium nitrate
thous met
Ammonium sulfate
Potassium chloride
Sodium nitrate

1,173
11160
2628

1,232
11257
2640

343
10,527
812
817

108
913

365
11,075
873
799

241
31
985
77
62

580

47

1 110

92

549
1,022

103
918

105
942

98
912

94
916

207
33
976
59
65

102
904

105
921

58
60

194
28
959
75
60

188
28
988
59
61

99
887

94
901

103
942

244
31
960
65
62

233
28
964
79
60

200
32
956
87
60

201
30
965
73
60

204
29
1002

103
892

92
897

82
64

213
31
991
76
58

50

49

44

46

51

47

35

36

45

35

44

92

96

86

95

96

95

98

103

90

88

90

827
1,152

1,177

224
28
992
73
61

225
31
1,008

r

'9618
1,112

10398
1,301

808

794

1,483

1,500

1,492

1,370

1,302

1,274

1,292

1,188

1,111

837
1,102

tons ..

16,821

16825

1,268

1,292

1390

1400

1321

1,439

1375

1506

1415

1439

do
do
do
do....
do....
do ....

7504
2333
7,991
2,901
11,677
42,141

7966
2354
8016
2913
11,566
43,410

606
195
616
204
971

596
191
593
228
958

673
194
661
250

628
175
671
225
930

618
232
689
254

3,541

3,613

3,601

606
208
661
233
931
3424

643
228
680
253

3,691

675
200
699
258
980
3,638

697
212
729
247

1012
3716

640
200
653
220
980

1016
3731

1,019
3825

tons ..
do
do

16,858
879
5705

18128

1,472

1,429

937
1-5745

826
529

769
409

1578

1,540

1422

1528

1388

1642

1609

tons
do
do
do

267
337
6796
131

Mil
4

307
54 498
150

29
19
472
12

24
16
495
6

5,320
166,788
742,275
455,702

440
14,481
62,833
38,444

479
14,048
61,358
36,555

23.1

31.3
715.7
25.7
874.8
122.2

4

868

819

836

808

820

848

852
489

943
414

937
762

29
48
558

26
21
460
13

29
21
431
23

495
13,521
61,850
36,827

383
13,023
66,094
34,763

27.2

26.2

7015
19.7
709.3
117.1

238

(2)

902
560

787

851
365

732
454

362
11,295
62,074
36,512

372
10,957
67,807
40,496

644
709

r

1 341

911

1399

492
208
555
205

1026
3759

568
190
625
236
956
3534

1050
3785

1 555

1439

1576

723
631

642
327

962
275

335
11,625
62,902
38,361

340
11,443
64,036
39,291

Industrial Gases
Production:
Acetylene
Hydrogen (high and low purity)
Nitrogen (high and low purity)
Oxygen (high and low purity)

532
14,114
63,719
36,422

mil. cu. ft ..
do...,
do....
do....

5,297
177,008
722,013
451,999

thous. met. tons..
do
do....
mil. lb..
thous. met. tons..
do ....

10.7
115.4
2,848.8
281.7
rl
3,693.4
1
452.9

mil. tax gal ..
do....

777.6
39.7

960.1
54.3

81.0
40.5

89.0
42.5

92.0
42.5

88.8
49.5

86.8
54.3

87.4

mil. wine gal
do....
do....
do....

4637
469.9
216.0
9.2

5143
502.2
200.5
24.5

44 5
40.9
15.8

458

459

447

41.3
16.7
13.2

41.4

51.7

474

51 9
65.5

356
10,364
65,792
37,225

337
10,536
64,417
39,036

402

r
!0 658
r
65,353
r

39,206

Organic Chemicals §
Production:
Acetylsalicylic acid (aspirin)
Ethyl acetate
Formaldehyde (37% HCHO)
Glycerin, refined, all grades
Methanol, synthetic
Phthalic anhydride
ALCOHOL
Ethyl alcohol and spirits:
Production
Stocks, end of period
Denatured alcohol:
Production
Consumption (withdrawals)
For fuel use
Stocks, end of period
See footnotes at end of tables.




rl
rl

1

86
1298
2,890.5
293.3
3,237.7
499.6

1.8

r

8.8

21
327

147

18.6

259
16.0

41.4

218

24.5

509

350
209

258

16
285
6903
284
7530
1041

232

254

10
282
7487
253
9927
1184

235

663

S-20
Unless otherwise stated in footnotes
below, data through 1988 and
methodological notes are as shown in
BUSINESS STATISTICS, 1961-88

SURVEY OF CURRENT BUSINESS
Annual

,. .,
1988

October 1990
1990

1989
1989

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Mar.

Feb.

Apr.

May

July

June

AU*.

i

Sept.

CHEMICALS AND ALLIED PRODUCTS-Continued
PLASTICS AND RESIN MATERIALS
Production:
Phenolic resins
thous. met. tons ..
Polyethylene and copolymers
do
Polypropylene
do
Polystyrene and copolymers
do
Polyvinyl chloride and copolymers
do ....

765.3
'84796
'3291 6
4 1662
'3,895.5

PAINTS, VARNISH, AND LACQUER t
Total shipments
mil $
Architectural coatings
do
Product coatings (OEM)
do
Special purpose coatings
do....

10716 1
4 372 1
4 062 9
2,281.1

7 701 6
3 004 5

1 913 1
7077

1 885 5
747 2

1 941 9
8289

2077 4
8400

5,004.6

1,254.3

1,227.7

1,029.1

1,073.6

1 1 567 4 1 114 4
4 730 8
484 2
4 353 o
381 6
248.7
2,483.6

9959
399 0
379 5
217.4

1 0197
414 4
3808
224.5

934 9
361 1
361 6
212.1

8667
3488
3027
215.2

904 0
364 5
322 6
217.0

1 0482
443 7
3740
230.4

1 064 5 1 1059
'443 6
471 2
3628
381 0
258.0
253.7

1 107 5
4707
3689
267.9

237,047
213,611
23,436

212,717
188,556
24,162

225,716
197,668
28,048

210,796
185,404
25,393

248,895
221,259
27,634

772 4
298 3
3088
165.3

1 061 7
467 4
3320
262.3

ELECTRIC POWER AND GAS
ELECTRIC POWER
Production:
Electric utilities, total
mil. kw.-hr.. 2,704,250 2,780,775
By fuels
do
2,481,311 2,515,714
By waterpower. .
..
do
265,061
222,940
Sales to ultimate customers, total (Edison
Electric Institute)
mil. kw.-hr.. 2,549,909 2,560,087
Commercial §
do
695,181
698,518
887,474
880,947
Industrial §
do ....
5,127
5,110
Railways and railroads
do....
Residential or domestic . . . .
do
884,884
885,146
Street and highway lighting
do ....
14,537
14,537
Other public authorities
do .
65,063
64,598
4,483
4,392
Interdepartmental
do ....
Revenue from sales to ultimate customers
163,364
(Edison Electric Institute)
mil $
162,188
(JASO
Total utility gas, quarterly
(American Gas Association):
Customers, end of period, total @
Residential
Commercial
Industrial @
Other
Sales to customers, total
Residential
Commercial
Industrial
Electric generation
Other
Revenue from sales to customers, total
Residential
Commercial
Industrial
Electric generation
Other

thous..
do
do
do
do
tril. Btu ,
do
do
do
do
do

52,683
48,377
4,088
168
50
10,691
4,692
2,304
2,204
1,331
160

mil $ .
do
do
do
do
do ...

46,109
24,812
10,670
6,702
3,387
539

258,336
238,148
20,187

219,587
199,512
20,076

226,848
207,929
18,919
708,773
203 271
233,394
1,273
250,044
3,486
16,064
1,241

218,980
197,794
21,186

258,637
236,815
21,823
639,525
174,818
226,341
1,342
213,945
3,982
18 056
1,042

:::::::::::::::::

48,125

\

40,648

222,563
195,560
27,002

654,492
173,215
220,221
1 372
236,436
3,908
18,194
1,145

627,551
177,148
227,655
1271
199,176
3,456
17,747
1,097

41,479

40,713

FOOD AND KJ[NDRE D PRODUCTS; TOBA ceo
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..
Stocks, end of period
mil. tax gal ..
Imports
mil. proof liters
Whisky:
Production
mil. tax gal
Stocks, end of period
do....
Imports
mil. proof liters..
Wines and distilling materials:
Production
mil. wine gal.
Taxable withdrawals
do ...
Stocks, end of period
do...
Imports
mil. liters .
Still wines:
Production
mil. wine gal.
Taxable withdrawals
do ...
Stocks, end of period
do ...
Imports
mil. liters.
Distilling materials produced at
wineries
mil. wine gal.
See footnotes at end of tables.




199.14
179.50
14.60

198.02
178.23
14.89

18.35
17.41
14.33

15.28
14.77
13.56

15.82
14.32
13.06

14.78
13.40
12.86

13.45
12.10
14.60

16.46
14.26
13.53

94.84

112.89

6.64

10.31

12.28

10.95

9.43

11.63

378.45
420.92
363.20

371.46
426.67
3
368.54

29.94
422.59
33.85

28.60
413.86
32.90

31.05
423.34
54.08

37.51
423.93
40.00

43.49
426.67
25.13

25.60
428.89

77.88
368.85
223.97

5.24
370.53
21.44

5.56
361.28
18.34

4.93
366.50
36.46

7.74
367.07
23.21

7.18
368.85
14.34

8.19
370.84

30.72
29.271
18.62
49.30 i

29.57
26.83
15.84
3
54.96

2.761
1.79J
19.571
3.43 j

3.48
2.80
19.44
4.11

3.091
4.17J
24.99
7.82

3.11 i
4.541
18.031
17.631

1.73
3.02
15.84
4.64

470.95!
445.17
586.89J
257.40 i

410.04
411.23
582.16
•'242.05

36.56
38.66
396.84'
20.44!

147.121
34.12!
538.39]
17.761

119.11
34.28|
586.15|
28.51]

17.95
33.32
582.16
19.75

12.24;

28.12|

24.721

47.73'
36.231
588.01!
27.971
I
9.071

48.35
364.56
231.90

131.76

3

2.04
.96|
17.701
8.34
31.04
587.23

15.74
13.38
14.28

17.97
15.89
14.49

17.47
15.23
15.10

18.10
16.91
14.91

26.32

'28.88

28.641

18.58
16.89
14.98

30.84

[
|

2.09
.97
18.76

1.30
19.13

5.87 J
29.64
585.87

7.11
37.04
571.071

T"
2.48J

1.42
1.52
18.30!

1.56 .
1.83
18.75

6.01|
5.60'
35.33
38.42
584.33
572.32
I

|.
|.
i

i
3.52J

3.56

1

1

1

Unless otherwise stated in footnotes
below, data through 1988 and
methodological notes are as shown in
BUSINKSS STATISTICS, 1901-88

S-21

SURVEY OF CURRENT BUSINESS

October 1990
Annual

., ..

1988

1990

1989
1989

Aug.

Sept.

Nov.

Oct.

Jan.

Dec.

Feb.

Mar.

Apr.

May

June

Aug.

July

Sept.

FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS
Butter:
Production (factory) .
Stocks, cold storage, end of period
Producer Price Index
Cheese:
Production (factory) total
American, whole milk
Stocks, cold storage, end of period
American, whole milk

mil Ib
do....
1982=100..

1,207.5
214.7
8
90.8

1,273.5
256.2
88.0

80.7
439.7
90.5

81.6
407.9
89.4

95.1
370.6
85.5

94.4
294.1
85.4

107.4
256.2
84.9

134.0
262.0
74.0

127.3
285.8
74.1

136.2
318.8
74.1

125.6
349.1
74.3

121.6
392.2
67.2

95.9
411.4
68.4

85.1
418.1
70.9

mil Ib
do....
do ....
do

5,572.0
2,756.6
388.1
283.4
114.6

5,613.9
2,672.6
328.0
234.8
"126.6

454.7
210.2
419.8
302.3
12.3

448.5
204.6
370.2
271.4
12.9

464.0
209.2
331.4
250.1
13.3

453.0
206.4
330.6
235.2
14.5

489.5
230.8
328.0
234.8
15 5

483.7
231.7
360.1
260.8

471.9
239.8
378.8
275.1

530.0
255.2
395.8
291.8

515.0
249.9
411.0
298.3

545.4
264.6
432.1
312.6

528.8
252.5
461.6
331.0

502.6
236.4
480.1
356.1

Price, wholesale, cheddar, single daisies
(Chicago)
$ per Ib
Condensed and evaporated milk:
Production, case goods
mil Ib.
Stocks, manufacturers', case goods, end of
period
.
do
Exports
thous met tons
Fluid milk:
Production on farms t
mil. Ib.
Utilization in manufactured dairy
products
'
do
Price, wholesale, U.S. average
$ per 100 Ib .
Dry milk:
Production:
Dry whole milk
mil Ib
Nonfat dry milk (human food)
do...
Stocks, manufacturers', end of period:
Dry whole milk
do...
Nonfat dry milk (human food)
do...
Exports, whole and nonfat
(human food)
thous met. tons
Price, manufacturers' average selling, nonfat
dry milk (human food)
$ per Ib.
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye,
wheat)
mil. bu .
Barley:
Production (crop estimate)
mil. met. tons .
Stocks (domestic), end of period, total
do...




408.2
70.6

487.8
229.3
471.3
354.3

452.4
341.3

(5)

525.1

41.5

37.3

35.7

34.4

40.4

43.5

46.0

53.9

46.9

50.3

53.7

49.3

50.8

44.1
3.5

26.6
8
13.8

116.7
.5

98.7
.5

69.7
.3

42.8
.3

26.6

48.0

65.8

845

89.5

88.9

97.3

101.1

104.5

123,518

122,531

10,074

9,668

9,878

9,654

10,047

10,479

9,813

10,997

10,842

11,226

10,696

10,695

!0,479

10,019

85,089
12.22

85,714
13.29

6,926
13.20

6,490
14.00

6,651
14.70

6,428
15.50

6,859
16.10

7,373
15.70

7,182
14.40

7,943
13.70

7,950
13.40

8,425
13.50

7,905
13.80

7,546
14.10

'r'i'4.30

''Tub

172.3
979.7

175.8
874.7

15.0
52.7

14.2
44.9

16.7
48.1

16.3
51.2

17.2
64.8

18.9
61.4

12.9
71.1

10.9
77.4

17.1
90.0

14.0
95.1

15.6
83.3

13.6
72.7

12.3
• 62.9

12.8
45.1

13.0
49.4

8.9
56.9

6.2
44.6

8.0
36.1

10.0
32.4

13.0
49.4

18.0
49.3

16.2
57.0

15.2
59.2

17.4
62.4

16.0
70.3

16.5
92.6

14.9
107.8

12.2
122.6

157.1

20.3

14.7

.993

.979

1.064

.956

.843

.798

.927

1.072

1.118

1.087

1.063

590.1

153.1

.773

8

3,448.3

(5)

2
6.3 14
7
8.102
7
3 973
7

2
8.784
7

7.689
74992
4. 129 8 73.597
2,244.4 1,841.8

Off farms
'
do
Exports, including malt §
thous. met. tons.
Producer Price Index, No. 2 feed,
110.4
Minneapolis
1982—100
117.9
Corn:
Production (crop estimate, grain
2
125 19 2 191 20
only)
mil met tons
Stocks (domestic), end of period, total
do... 77 179.63 77 179.82
119.36
108.72
On farms
' do
7
70.90 i 7 6 0 . 4 6
Off farms
do
* 56.66
46.32
Exports, including meal and flour
do ...
Producer Price Index, No. 2, Chi97.1
102.4
cago
1982= 100 ..
Oats:
2
2
Production (crop estimate)
mil. met. tons5.425
3. 158
Stocks (domestic), end of period,
6
6
1.427
1.626
total
do
6
6
.870
1.116
On farms
.
do
6
6
.557
Off farms
do
.510
Exports, including oatmeal
metric tons . . 29,989 * 58,387
Producer Price Index, No. 2, Minneapolis
107.1
135.4
1982=100..
Rice:
2
7.0()7
'7.253
Production (crop estimate)
mil met tons
Southern States mills:
12,918
8,985
Receipts, rough, from producers
mil. Ib..
Shipments from mills, milled
rice
do
8,061
6,722
Stocks, domestic, rough arid cleaned (cleaned
2,741
2,011
basis) end of period
mil Ib
Exports
thous. met. tons ..
"3,024
2,199
Producer Price Index, medium grain,
107.9
112.6
milled
1982-100.
Rye:
2
2
.373
Production (crop estimate)
.mil met tons.
.342
Producer Price Index, No. 2,
69.1
Minneapolis
1982=100..
69.1
Wheat:
Production (crop estimate), total
2
2
55.41
49.32
mil. met. tons ..
2
2
6.81
15.84
Spring wheat
.. ..
do ..
2
42.51 239.57
Winter wheat
do ....
Distribution, quarterly @
do....
64.04
71.32
7
7
38.58
46.70
Stocks (domestic), end of period, total
do....
7
7
16.87
15.84
On farms
do
7
7
29.83
22.74
Off farms
do
8
37.87
41.33
Exports total including flour
do
1,469.2 1
Wheat only
.
mil bu
(5)
See footnotes at end of tables.

83.8
423.9
69.9

r

4.6

6.7

r

15

1.309

1.220

1.410

224.2
114.9

!
. i
9.078
5 516
3.562
213.1

192.6

110.9

7.634
4.059
3 574
110.4

114.9

112.3

112.8

109.7

6.58
94.2

f
\

'49.04
'24.58
'24.46
2.72

2.90

4.45

179.82
119.36
6047
7.47

94.8

94.7

91.8

95.9

5.501
2.239
3.262
118.6

114.9

116.5

121.2

122.25
73.93
48.32

93.9

96.9

8 945
5.626
3.319

" 3.501
4
1.058
r4
2.443

121.7

126.9

!

"72.22

19
41.24
19

30.98

99.2

108.8

f1
r. • „ ! . . :

113.5

116.4

101.3

104.5

118.1

34 1 r,
19.17
14.98|

100.2

94.9

74.0

66.0

64.5

555

112.6

rt2.278
6
'1203
716

1

1 075

3,138

4,798

6,597

2,519

2,423

85.3

84.5

82.4

87.4

92.2

88.2

79.8

558

3,861

J ,652

646

850

1,120

504

670

765

598

553

594

711
178

2,574
273

2,950
279

2,723
261

2,741
260

2,788

2,380

1,800

1,468

1,285

1,107

112.1

110.9

110.8

106.4

106.0

107.1

107.7

107.5

108.3

106.6

104.0

103.9

104.0

97.6

59.3

60.8

68.9

67.4

65.9

73.3

64.5

64.8

71.8

68.9

68.1

62.1

65.9

64.5

2.50

13 58
38 75
16.11
22.63
2.03

2248
52.18
22641
2954
3.71 i

4.28

83.5

82.4

88.2

81.9

951

547

299

345

235

243

583

713

579

496

490

433

510

810

697

13.17
25.67
10.23
15.43

2.30

1382
14.60
4
5.78
"882

rl

65 37
27081
38 29
i

S-22

SURVEY OF CURRENT BUSINESS

Unless otherwise stated in footnotes
below, data through 1988 and
methodological notes are as shown in
BUSINESS STATISTICS, 1961-88

..
¥I
un 8
"

1988

October 1990

1989

Annual

1989

Aug.

1990

Oct.

Sept.

Nov.

Dec.

Jan.

Mar.

Feb.

Apr.

June

May

S«p,.

Aug.

July

FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Continued
Wheat— Continued
Producer Price Indexes:
Hard red winter, No. 1, ord. protein (K.C.)
1982=100..
Hard red spring, No. 1, ord. protein (Minn.)
1982=100..
Wheat flour:
Production:
Flour
thous sacks (100 Ib )
Millfeed
thous. sh. tons ..
Grindings of wheat .
thous bu
Stocks held by mills, end of period
thous. sacks (100 Ib.).,
Exports
thous. met. tons .,
Producer Price Index
6/83—100

90.8

109.1

106.6

105.2

105.6

107.7

109.2

108.6

102.7

98.6

101.9

94.3

95.4

78.1

71.8

71.8

93.1

108.7

106.9

106.1

106.2

105.0

108.6

110.1

104.7

99.7

103.4

103.7

102.2

93.7

77.6

75.7

344 154 328 500
5,828
6,163
769 699 731 338

31 608
558
70565

28248
503
63619

30462
529
67445

29287
514
65096

26360
'455
58665

27 906
497
63393

27963
493
64038

29213
512
66725

26 958
478
61 567

27 634
492
63566

26719
468
60572

27r711
485
62 258

33033
560
74011

5,207
4,800
960.80 2 1,195.53
1020
1105

114.51
1107

5,489
177.08
1095

66.25
1085

134.94
1087

5,207
71.42
1096

1094

1090

1069

108 8

1717

2029

1 872

513
272

575
319

5,072

r

r

5818
r

91 8

!07 9

1056

99 4

927

2075

1 951

1 963

2 179

666
406

760
489

810
541

r
846
r

593

848
617
335

POULTRY AND EGGS
Poultry:
Slaughter .
mil Ib
Stocks, cold storage (frozen), end of period,
total
mil Ib
Turkeys
do
Price, in Georgia producing area,
live broilers
$ per Ib .
Eggs:
Production on farms .
mil cases §
Stocks, cold storage, end of period:
Shell
thous cases § ,
Frozen
mil Ib
Price, wholesale, large (delivered; Chicago)
$ per doz.,

20705

22 144

451
250

469
236

r

2088
768
574

1 862

1 971

1 903

1 879

1 892

769
569

776
572

479
258

469
236

504
267

623
354

315

352

355

355

290

290

270

280

305

350

315

335

330

370

310

1935
9
20

1864

156

15 1

157

154

160

158

143

162

156

160

154

159

159

12
14

17
15

23
14

6
15

11
13

12
14

22
14

16
15

23
17

20
17

21
17

22
18

29
17

19
17

18
17

.583

.777

.796

.772

.794

.891

.943

.886

.751

.861

786

603

669

642

2,411
34,048

2,100
33,010

189
2,975

173
2706

191
2876

175
2694

167
2600

175
2775

145
2437

165
2696

128
2552

137
2920

132
2873

139
2789

147
2918

132
2553

6958

7252

7109

6844

6969

7248

7521

7673

7661

78 15

7936

77 57

7563

7446

7622

7575

8050
227.67

8145
248.62

84 54
263.00

8356
258.75

81 24
244.38

8265
242.90

8230
230.00

8247
248.50

8286
255.00

87 50

90 81

91 90

94 74

93 50

92 30

91 50

85,516

86,328

7,392

7,493

7,823

7,815

7,012

7,407

6,643

7,279

6,785

6,799

6,152

5,983

7,110

6,722

43.91

47.04

44.58

47.49

47.21

49.65

48.41

49.48

52.56

54.63

62.80

61.34

62.54

56.37

55.64

201

190

210

21 2

205

208

21 6

21 4

234

229

232

479

431

481

466

465

426

LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
thous. animals..
Cattle
do...,
Prices, wholesale:
Beef steers (Omaha)
$ per 100 Ib
Steers, stacker and feeder
(Kansas City)
do
Calves, vealers (So. St. Paul)
dollars.
Hogs:
Slaughter (federally inspected) thous. animals .
Prices:
Wholesale, average, all weights (Sioux City)
$per 100 Ib.
Hog-corn price ratio (bu. of corn equal in
value to 100 Ib. live hog)
Sheep and lambs:
Slaughter (federally inspected) thous. animals .
Price, wholesale, lambs, average (Omaha)
$per 100 Ib.
MEATS
Total meats (excluding lard):
Production
mil Ib
Stocks, cold storage, end of period
do ...
Exports (meats and meat preparations)
thous. met. tons .
Imports (meats and meat preparations)
do ...
Beef and veal:
Production total
.
mil Ib
Stocks, cold storage, end of period
do ...
Exports
thous. met. tons .
Imports
do...
Price, wholesale, beef, fresh steer carcasses,
choice (600-700 Ibs.)
(Central U.S.)
$ per Ib.
Lamb and mutton:
Production, total
mil Ib
Stocks, cold storage, end of period
do ....
Pork (excluding lard):
Production, total
do...
Stocks, cold storage, end of period
do ....
Exports
thous met tons
Imports
do
Prices:
Producer Price Index, Hams, smoked
1982-100
Fresh loins, 8-14 Ib. average,
wholesale (N.Y.)
$ per Ib .
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans, imports
(including shells)
thous. met. tons..
Coffee:
Imports, total
metric tons
From Brazil
do
U.S. Import Price Index
1985—100
Fish:
Stocks, cold storage, end of period
mil. Ib.,
See footnotes at end of tables.




43.25

173

193

20 1

r

223

233

430

463

422

5,122

5,295

476

440

468

467

457

60.71

61.20

63.31

56.67

58.33

55.03

56.38

(')

39763
716

39418
535

3483
576

3317
557

3 524
538

3411
554

3 171
535

3350
565

2973
610

3257
637

3 047
651

3 320
633

3 174
592

3 095
566

3r428
507

3 093
507

109

1 965
272

2 090
'247

1 839
249

1,081

2

1,301

117

101

121

122

1,263

2

1,110

95

74

87

89

23811
323
443
753

23319
256
2
568
2
682

2 121
248
53
59

1 941
237
44
45

2072
225
54
54

1 934
242
48
56

1 852
256
43
61

1 959
265

1729
274

1 898
312

1770
300

2033
277

2 004
263

1.031

1.078

1.043

1.021

1.031

1.070

1.114

1.133

1.128

1.136

1.147

1 143

1122

329
6

342
8

29
8

27
7

30
8

31
8

31
8

32
8

29
9

32
8

31
8

31
8

28
10

15,623
358
147
439

15,757
256
2
152
2
358

1,333
278
12
30

1,349
278
12
24

1,421
'276
17
26

1,446
279
15
27

1,288
256
14
26

1359
272

1215
307

1328
297

1 247
319

234

140

204

95

104

162 92C 119698
249 295
19 526
692

117 088
20969
533

130 799
32 745

105 479
17 140

100 372
13 213
47 6

428

444

427

419

430

962

(i)

1 188

(')

2

2367
920 040
252 780
910
394

2661

!
1
2

430

93

1 256
323

354

322

30
9

1 102
'256

1 309
-225

334

347

r

592
401

1 142
293

28
10

57 8

320

327

337

27
9
1 228
225

63 1

S-23

SURVEY OF CURRENT BUSINESS

October 1990
Unless otherwise stated in footnotes
below, data through 1988 and
methodological notes are as shown in
BUSINESS STATISTICS, 1961-88

,, ..

1990

1989

Annual

un118

1988

1989

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

FOOD AND KINDRED PRODUCTS; TOBACCO—Cont.
MISCELLANEOUS FOOD PRODUCTS-Cont.
Sugar:
Imports raw and refined
Producer Price Indexes:
Raw (cane)
Refined
Tea, imports
. . .

thous met tons
1982—100
do
metric tons

877 365 4412 044
1213 4 1542

45586
226

50385
106

51 657
97

45619
119

28927
85

1155
1182
85 257

1183
1186
6790

1188
1204
7070

1180
1192
7634

1179
1201
6964

1175
1220
7053

10684
18418

3631
17729
11553

18025
15234

32072
13351

3803
19644
16164

14,395
47 155
220
3,046

12,151
44 444
208
2,220

12,888
48 177
202
2,672

12,966
49863
201
2,760

14,030
43848
178
5,629

ill 9
1089
90143

4

TOBACCO
Leaf:
1
1370 1 1,414
Production (crop estimate)
mil Ib
Stocks, dealers' and manufacturers',
3803
4020
end of period
do
Exports incl scrap and stems
metric tons 216 481 4 224 382
Imports incl scrap and stems
do
196 429 4 180 286
Manufactured products:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
millions.. 132,953
543 378
Taxable
do
2430
Cigars (large) taxable
do
Exports, cigarettes
do .... 118,499 '41,755

1189
1224

1179
1232

1188
1217

1203
122.4

119.7
122.5

119.0
122.5

119.7
123.1

119.6
122.8

119.7
122.7

181.2

179.5

178.9

176.9

177.3

135.0
1213
113.3

135.7
1215
113.4

3624

12,517
38369
159

12,234
41 157
157

176.6

178.0

177.7

179.5

LEATHER AND PRODUCTS
LEATHER
Exports:
Upper and lining leather
Producer Price Index, leather

thous. sq. ft.. 215,358
1982-100 ..
167.5

170.4

171.5

172.5

172.9

173.0

174.0

19 676

17 405

18956

17 488

14322

17824

17 186

18492

16669

18918

16 734

14 805

12696
5863
1 117
342

11735
4679
991
305

12502
5464
990
431

11521
4562
1405
510

10125
2575
1622
254

12 106
3813
1905
335

11677
3812
1697
374

12475
4329
1688
323

11450
3579
1640
347

12676
4050
2,192
381

11
019
r
3440
r
2275
337

10305
2,144
2,356
199

129.3
1180
109.1

131.0
1180
110.0

131.0
1180
109.2

131.0
1178
110.9

129.8
1187
112.5

131.6
1189
114.3

135.4
1200
114.3

136.5
1200
114.3

136.4
1199
114.2

136.4
1213
114.3

134.1
1213
114.3

137.0
1213
113.3

LEATHER MANUFACTURES
Footwear:
235 141 210 490
Production total
thous pairs
Shoes, sandals, and play shoes,
except athletic
thous pairs 162 507
Slippers
do
55 181 57534
17453
Athletic
do
3680
3410
Other footwear
do
Exports
do .... 18,394
Producer Price Indexes:
Men's leather upper, dress and casual
127.5
121.3
1982=100..
1162
1125
Women's leather upper.
. .
do
107.5
Women's plastic upper
do....
110.0

LUMBER AND PRODUCTS
LUMBER— ALL TYPES #
National Forest Products Association:
Production, total
mil. bd. ft.
Hardwoods
do..
Softwoods
do...,
Shipments, total
do ....
Hardwoods
do....
Softwoods
do
Stocks (gross), mill, end of
period, total
do.. .
Hardwoods
do....
Softwoods
do
Exports, total sawmill products
do....
Imports, total sawmill products
thous. m3..

2
49,576
2
11, 446
2

r

2
48 533
2
10 988
2

37,545
2
49,003
2
11,347
2
37 656

4,023
832
3,191
3,977
836
3 141

3787
700
3,087
3,823
698
3125

4172
782
3,390
4,081
839
3242

3,811
905
2906
3,854
971
2883

3615
775
2,840
3,626
750
2876

4160
921
3,239
4,035
922
3 113

3862
868
2994
3,870
874
2996

4300
939
3,361
4,317
954
3363

4121
866
3255
4,173
858
3315

4084
936
3148
3,952
887
3065

3944
839
3,105
r
4,176
871
r
3305

3747
870
2877
3,679
754
2925

4898

4797

4 762

4908

4934

4898

5022

5022

5020

4961

5043

4 831

4783

64,355

6,479

5,146

5,766

5,778

3,913

10,031
636
10029
9,943
876
2,202
344
1859

9552
501
9620
9,687
809
4
2,781
4
335
4
2 450

800
540
806
825
735
245
33
213

850
527
949
906
783
186
29
158

688
506
754
709
828
241
22
220

852
560
850
793
866

766
530
779
79(5
849

945
559
912
916
845

808
527
845
840
850

783
537
785
773
862

875
559
780
855
803

704
546
707
717
793

135.7

151.6

38,130
2
49,134
2
11,163
2
37 971

4999
33,547

4

r

SOFTWOODS
Douglas fir:
Orders, new
mil. bd. ft..
Orders, unfilled, end of period
do....
Production
do
Shipments
do. .
Stocks (gross), mill, end of period
do....
Exports, total sawmill products
thous. m3..
Sawed timber
do....
Boards planks scantlings, etc .
do
Producer Price Index, Douglas fir, dressed
1982=100..
See footnotes at end of tables.




162.8

853
583
815
810
740
200
28
172

160.7

156.8

137.8

780
501
766
785
809
472
36
436

138.4

141.2

144.8

146.7

149.5

141.8

137.3

143.5

609
420
734
735
792

140.2

136.2

S-24

SURVEY OF CURRENT BUSINESS

Unless otherwise stated in footnotes
below, data through 1988 and
methodological notes are as shown in
BUSINESS STATISTICS, 1961-88

October 1990
1990

1989

Annual
....

Ln w

1988

1989

Aug.

Oct.

Sept.

i

Nov.

Jan.

Dec.

Mar.

Feb.

Apr.

Sept.

Aug.

July

June

May

LUMBER AND PRODUCTS—Continued
SOFTWOODS— Continued
Southern pine:
Orders new
mil bd ft

1

1

12 366

635

924
716

12,544
12 567

1049

2050
2072
1 237 638 1 206 52(

2021
126 304

12 597

834
Production
do. ..
Shipments
do
Stocks (gross), mill and concentration yards,
end of period
mil bd ft

1

12,676
1 12 600

Producer Price Index, southern pine,
dressed
1982-100..
Western pine:
Orders, new
mil bd ft ,
Production
Shipments
Stocks (gross), mill, end of period
Producer Price Index, other softwood,
dressed. . .

1
1

986

107.2

1 184

845

885
735

1,038
1 048

1,054
1 000

960
695
990
1 000

1,015

1,233

1,032

1,121
1 166

1,091
1037

1,142
1 176

1,021
1042

2,058

2,027

2,006

l!9.5

116.1

116.3

114.1

859
535
922
915

1,004

582
876
957

817
531
852
868

885
506
876
910

859
635
904
913

1 161

985
689

1,155

1,098

1,065
1075

1,006
1 006

1,080
1069

718

784

685

709

2014
58860

2066
136 776

2059
86923

2050
97 206

2038

2039

2050

2,006

105.5

112.0

105.8

105.9

106.9

110.0

112.4

116.8

938
533
915
946

999
535

855
506
896
864

1,057

881
610
893
899

1,084

889
591
951
950

r

73Q

733

110.5

112.4

108.0

11426

11 143

984
541

11 395
11 413
1,347

11 229
11 174
1,402

1 017
1 001
1,361

997

854
515
869
874

1,330

1,375

1,370

1,402

1,449

1,443

1028
1042
1,429

1,430

1,437

1,302

1,285

1,251

1982-100

1201

127 1

1300

1286

127.9

1260

125.8

126.2

128.2

129.9

132.7

131.3

129.1

128.3

125.7

mil. bd. ft ..
do.
do...

8.9
193.0
10.9

9.7
2065

11.9
191

10.6
19.0

10.3
16.6

9.7
15.6

13.4
15.9

14.8
16.1

15.9
19.9

16.3
16.4

16.5
18.7

15.4
18.5

15.5
15.4

13.0
19.2

11.9
18.7

7.6

9.0

7.1

7.4

7.2

7.9

7.9

537

do
do
do...,

506

1 042

628
982
935

652

125.4

HARDWOOD FLOORING

Oak:
Orders, unfilled, end of period
Shipments
Stocks (gross), mill, end of period

7.6

9.8

8.8

10.7
16.8

7.8

7.7

8.2

6.6

7.1

METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Scrap
Pig iron
Imports:
Steel mill products
Scrap
Pig iron
Production
Receipts net
Consumption

2069
10098

do ..
do ..
do
do
do

Iron and Steel Scrap
thous sh tons
do
do

71

1

20 891
1038

700

'27445
1
49 613
'76822
4 554

Composite price, No. 1 heavy melting scrap:
American Metal Market
$ per long ton ..

4 578
13 305

12
17320
1 120

302

269

364
754
2

374

313

365

352

318

1,054

(3)

251
988
(3)

386

1233

1,218

1,117

1,137

1,045

1,274

1,193

1,164

1,086

1,032

1714

1 491

1028

1430

1 111

1,120

1,313

1,629

96
26

118
58

1466

1,591

91
47

1456

73
15

118
25

130
65

2074
3,553
5,709
4439

2,134
3,797
6,138
4296

2,045
3,659
6,014
4 105

r
2,236
r
3,787
r
6,212
r

4 083

2,171
3,925
6,091
4099

106.05

110.93

107.65

105.70

114.33

461
1

618

5

2

1

2

1 531

1 400

488

74
40

70
39

76
75

25454
46 731
73 105
4620

2017
3654
5844
4427

2099
3634
5799
4 450

2030
4,033
6,024
4591

1990
3,656
5,653
4617

1,983
3,325
5,347
4620

2 159
3,560
5,929
4330

97.05

102.74

102.96

100.02

72
23

105
20

72
5

335
(3)

(3)

3

145
9

3

(3)

108.98

107.30

104.86

102.62

99.58

96.67

57 347
' 56 694
20126

57872
56 530
19596

4876
6220
1921

4776
5 437
1520

4,703
5,735
1,705

4,645
5,520
1,588

4609
4078
1,325

4555
2021

4572
1378
1023

4,522
1,976

691

4,741
5,123
1,157

5,067
6,299
1,550

5,333
6,162

822

'73,216

71,156

7,342

6,699

6,642

6,176

5,580

3,401

2,508

3,128

5,936

7,095

7,490

8,205

8,163

'71,863
5286
23490
3296
18,004
2,190

73,059
r
5 365
22476
4 575
15,730
2171

5,737

5,764

6,190

5,506

5,364

5,951

5,385

6,079

6,056

6,315

6,390

6,573

6,867

100

250

22275
6664
13,844
1767

22588
6004
14,780
1,804

21429
4,976
14,933
1,520

21448
4,107
15,546
1,795

22476
4,575
15,730
2,171

22088
7,101
13,134
1,853

21986
10,296
10,265
1,425

20,958
12,810
7,313

20,609
12,436
7,246

927

20,501
11,206
8,091
1,204

21019
10,377
9,234
1,408

10,748
1,828

12,045
1,788

' 55,745
' 59 047

55,873
56 335

4,172
4491

4,403
4546

4,692
4372

4,202
4,103

4,638
4,359

4,221
3993

4,681
4,319

4,549
4,630

4,746
4768

4,530
4530

4,656

4,788

250

4,322
4146

308

9 247
6782

7 490
5*323

639
475

579
426

639
453

565
395

453
324

(4)

do
do
do

348
184

283
129

26
13

25
12

21
8

19
8

17
7

(4)

Ore
Iron ore (operations in all U.S. districts):
Mine production
thous met tons
Shipments from mines
do
Imports
do
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
thous. met. tons ..
Consumption at iron and steel
olants
do....
Exports (domestic)
do
Stocks total end of period
do
At mines
do
At furnace yards
do....
At U S docks
do
Manganese (manganese content),

1

592

715

527

406

378

3

835

565

586

1 128

Pig Iron and Iron Products
Pig iron:
Production (including production of
ferroalloys)
thous. sh. tons..
Consumption
do
Stocks end of period
do
Castings, gray and ductile iron:
For sale
Castings, malleable iron:
Shipments total
For sale
See footnotes at end of tables.




207

303

305

267

303

184

(4)

(4)

233

224

217

217

214

4,629

Unless otherwise stated in footnotes
below, data through 1988 and
methodological notes are as shown in
BUSINESS STATISTICS, 1961-88

S-25

SURVEY OF CURRENT BUSINESS

October 1990
,,

1989

Annual

1990

it

Aug.

1989

1988

Nov.

Oct.

Sept.

Jan.

Dec.

Feb.

Mar.

Apr.

June

May

July

Aug.

Sept.

METALS AND MANUFACTURES-Continued
Steel, Raw and Semifinished
Steel (raw):
Rate of capability utilization
Steel castings:
For sale total

percent
do

Steel Mill Products
Steel products, net shipments:
Total (all grades)
thous sh tons
By product:
Semifinished products
do...
Structural shapes (heavy),
steel piling
do
Plates
do.
Rails and accessories
do
Bars and tool steel, total
do...
Bars: Hot rolled (including
light shapes)
do
Bars: Reinforcing
do
Bars: Cold finished
do...
Pipe and tubing
do
Wire-drawn and/or rolled
do...
Tin mill products
do
Sheets and strip (including electrical),
total
.
.
do
Sheets: Hot rolled
do...
Sheets: Cold rolled
do
By market (quarterly):
Service centers and distributors
do
Construction, incl. maintenance
do ...
Contractors' products
do
Automotive .
.
.
do
Rail transportation
do ...
Machinery, industrial equip., tools
do...
Containers, packaging, ship,
materials
do
Other
do...
Producing steel mills, inventory, end of period:
Total
mil sh tons
Steel in process
do
Finished steel
do
Steel service centers (warehouses), inventory,
end of period
mil. sh. tons...




8,505
85.7

8,209
85.2

8,529
85.7

8,142
84.5

8,101
82.0

8,452
85.5

6,863

6,502

7,569

7,023

7,523

7,493

6,890

7,366

500

452

555

515

538

561

479

488

363
548
42
1,054

465
680
40
1,213

432
630
45
1,200

472
695
54
1,347

503
684
38
1,240

500
718
39
1,351

526
708
40
1,322

520
657
32
1,256

557
694
34
1,284

562
435
104
323
71
324

554
403
90
304
61
426

638
444
127
378
81
259

668
417
111
355
77
279

721
491
131
395
90
345

700
406
130
374
90
329

738
465
142
411
86
366

696
488
133
427
82
342

704
433
115
364
73
341

713
439
127
424
78
368

3,306
1,106
1,037

2,829
976
884

3,247
1,048
1,073

3,032
958
1,021

3,615
1,144
1,221

3,250
1,021
1,086

3,514
1,104
1,187

3,485
1,093
1,183

'97,943
84.5

7,790
79.2

7,617
80.0

8,175
83.0

7,386
11 A

7,222
73.3

1,209
1,095

1,137
1,122

101
101

85
84

97
95

85
83

79
78

'83,840

84,259

7,224

6,779

6,652

6,053

'5,975

6,080

505

462

481

466

425

'5,209
'7,328
'615
1
14,489

5,438
7,293
545
14,510

433
661
39
1,263

457
585
32
1,206

472
620
33
1,247

428
593
35
1,107

'7,834
'5,092
1,499
4,443
1,073
4,069

7,672
5,342
1,429
4,011
1,005
4,116

632
508
118
388
83
366

625
466
110
333
76
346

660
465
115
345
80
345

40,639
12,589
13,871

41,261
12,898
13,854

3,485
1,093
1,163

3,282
997
1,104

3,551
1,182
1,120

7,174

8,241
83.1

4,261
1,683
713
2,433
232
470

4,565
1,776
673
2,563
251
596

4,678
1,920
729
2,898
225
551

1,164
8,821

998
9,554

1,156
9,910

3,166
1,100
1,051
2

1,520
2
620
2
219
2
796
2
73
2
156

18,185
6,861
2,863
11,180
1,096
2,162

4,405
1,778
737
2,492
262
501

4,423
'36,011

4,458
37,488

1 139
9,063

13.1
7.9
5.2

13.0
7.9
5.1

13.3
7.9
5.4

13.3
7.8
5.5

13.3
8.0
5.3

13.0
7.8
5.2

12.9
r
7.8
5.1

13.0
7.9
5.1

13.1
7.9
5.2

12.9
7.9
5.0

13.1
7.9
5.2

13.0
7.9
5.1

13.0
8.0
5.0

13.3
8.1
5.2

6.5

6.9

7.0

7.0

6.7

6.7

6.9

6.4

6.7

6.3

6.3

6.2

6.2

6.2

4,030
•'2,054

341
159

323
153

328
160

328
142

343
123

345
145

311
150

345
153

331
151

342
161

330
159

340
174

3
923.0
•'340.2

91.9
33.0

83.6
23.6

65.2
25.2

53.9
24.2

54.2
22.7

84.4
29.2

73.4
27.5

85.4
29.4

85.1
28.6

90.4
29.0

94.0
28.0

3
593.0
3

446.1

52.0
41.6

46.1
34.5

68.8
33.0

72.7
32.2

80.0
27.4

79.0
36.7

65.1
34.4

55.3
36.3

61.4
40.0

41.4
40.0

48.6
40.9

.8784

.8137

.7830

.7976

.7581

.7356

.6967

.6554

.7085

.7156

.7231

.7308

.7257

15,468
12,304
7,611
2,200

1,369
1,099
692
178

1,299
1,025
632
176

1,278
1,038
617
185

1,169
913
543
176

1,071
851
539
145

1,234
981
599
(4)

1,154
936
569

1,313
1,070
644

1,224
1,012
629

1,355
1,090
679

1,318
1,071
'661

1,260
990
628

4,016

4,253

4,158

4,064

3,991

4,016

4,031

4,035

3,918

3,966

3,807

r

4,000

1,498.2
1,476.7

127.6
126.4

122.5
120.0

125.3
126.1

118.3
131.3

123.2
132.2

12f>.8
137.4

114.5
121.1

123.1
133.7

123.4
125.6

133.2
138.8

1,164.9

98.2

93.5

99.6

103.2

101.4

105.1

92.0

99.9

93.2

105.8

311.7
476.8

28.1
41.4

26.5
40.6

26.6
41.3

28.1
35.9

30.8
37.1

32.3
37.3

29.1
35.2

33.8
37.1

32.4
38.5

33.0
40.5

3
458.0
3

53.4
24.4

37.4
28.1

45.3
30.5

51.8
32.3

38.7
16.9

33.0
24.7

43.7
15.8

48.0
26.5

46.6
253

3
572.5
3

133.8

48.1
15.8

96.5
23.4

40.9
13.7

46.9
6.3

42.8
12.1

56.6
18.1

39.3
20.8

41.7
12.2

33.4
7.6

2,212
104

195
98

196
92

198
96

183
100

169
104

191
96

177
76

204
69

191
71

193
84

1.8094

1.2743

1.3844

1.3166

1.1811

1.0922

1.0864

1.1126

1.2841

1.2694

1.2457

300.1

":;:

8,094
84.6

( 44 )
()

18,980
6,014
2,815
12,078
1,116
2,537

NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. met. tons .
3,944
Recovery from scrap
do
'2,122
Imports:
Metal and alloys, crude
do
1,030.6
Plates, sheets, bars, etc
do
388.5
Exports:
Metal and alloys, crude
do...
400.1
Plates, sheets, bars, etc
do
342.5
Price, U.S. market, 99.7% purity,
monthly average
$ per Ib
1.1009
Aluminum products:
Shipments:
Ingot and mill prod, (net ship.)
mil. Ib.,
15,453
Mill products, total
do...
12,273
Sheet and plate
do....
7.384
Castings
.
do
2;316
Inventories, total (ingot, mill products, and
scrap), end of period
mil Ib
4,151
Copper:
Production:
Mine, recoverable copper
thous, met. tons.. 1 1,4 19.6
Refined from primary materials
do.... ' 1,406.0
Electrolytically refined:
From domestic ores @
do
'1,178.0
From foreign ores
do....
Electrowon
do ....
228.0
Refined from scrap
do....
'453.3
Imports, unmanufactured:
Refined, unrefined,
scrap (copper cont.)
do....
626.1
Refined
do ....
390.4
Exports:
Refined and scrap . .
.
do
707.7
Refined
do ....
66.5
Consumption, refined
(reported by mills, etc.)
do....
'2,210
Stocks, refined, end of period
do....
98
Price, avg. U.S. producer cathode, delivered §
1.2051
$ per Ib ..
See footnotes at end of tables.

7,624
85.1

'99,924
89.2

r

r

3,911

2
381
3,124

2

3,439
1.165
1,129
2

2

1,595
2
618
2
241
2
951
2
77
2
173
2
407
3,304

.8035

:::::::::::::::

S-26
Unless otherwise stated in footnotes
below, data through 1988 and
methodological notes are as shown in
BUSINESS STATISTICS, 1961-88

SURVEY OF CURRENT BUSINESS
TT it
vnna

1988

October 1990
1990

1989

Annual

1989

Aug.

Nov.

Oct.

Sept.

Jan.

Dec.

Feb.

June

May

Apr.

Mar.

July

Sept.

Aug.

METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND
PRODUCTS-Continued
Copper-base mill and foundry products,
shipments (quarterly total):
Brass mill products . . . .
.
mil Ib
Copper wire mill products
(copper content)
do
Brass and bronze foundry products
do
Lead:
Production:
Mine, recoverable lead
thous. met. tons..
Recovered from scrap (lead cont )
do
Imports ore (lead content)
do
Consumption total
do
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content), ABMS
thous. met. tons.
Refiners' (primary), refined and antimonial
(lead content)
thous met tons
Consumers' (lead content) Q
do
Scrap (lead-base, purchased), all smelters
(gross weight)
thous met. tons.
Price, common grade, delivered @@
$ per lb..
Tin:
Imports (for consumption):
Ore (tin content)
.
.
metric tons
Metal unwrought unalloyed .
do
Recovery from scrap total (tin cont.)
do...,
As metal
do...
Primarv '
do
Exports (metal)
do
Stocks, pig (industrial-), end of
period
do...,
Price, Straits quality (delivered)
$ per lb.
Zinc:
Mine prod recoverable zinc
thous. met. tons.
Imports:
Metal (slab blocks)
Consumption (recoverable zinc content):

3850
1737 o
2566
12307

154
898

2837
43493
15J 088
578
1
45 073
1
37 008
1573

1

7

1

194.4
1,089.0
5
56
64.8
6020

MACHINERY AND EQUIPMENT
Heating, combustion, atmosphere equipment, new
390.2
orders (domestic), net, qtrly #
mil. $.
Electric processing heating equipment
do
627
1655
Fuel-fired processing heating equip
do
Materials handling equipment, dollar value
213.4
bookings index t
1982-100
Industrial supplies, machinery, and equipment:
1052
New orders index seas adj @
1987 — 100
Industrial suppliers distribution:
1640
Sales index seas adjusted
.
1977 — 100
Inflation index, not seas. adj. (tools, material
handling equip., valves, fittings, abrasives,
172.2
fasteners, metal products, etc.)
1977=100.
Fluid power products shipments indexes:
129
Hydraulic products
1985-100
120
Pneumatic products
do ...
Machine tools:
Metal cutting type tools:
Orders new (net) total
mil $ 2 707 90
Domestic
do... 2,315.75
1 574 55
1 400 10
Domestic
do
Order backlog, end of period
do ... 1,805.5
Metal forming type tools:
Orders, new (net), total
do...
882.95
Domestic
do
74935
Shipments, total
do ... 824.55
Domestic
do
70220
Order backlog, end of period
do...
385.7
See footnotes at end of tables.




35.0
67 9
92
1032

73.5

67.6

63.9

59.7

51.1

56.6

51.9

156
827

147
591

183
582

165
582

21 1
618

193
599

196
632

201
.4126

17.4
.3889

202
,3981

185
.4184

184
.5411

215
.4873

213
.4521

215
.4516

3862
659

37
3281
490

2,746
589

2538
577

1,805
623

2500
585

2601
572

3,178
578

4 100
3 100
11

4 200
3200
126

4 100
3 100
73

4 100
3 100

77.8

73.7

83.0

78.6

156
827

279
636

275
637

188
623

146
586

174
.3935

173
.4175

180
.4363

185
.4363

4018
642

2734
594

3027
617

r

r

. 58.8

63.7

61.8

.5013

.5036

.4947

492

4 100
3000
94

4300
3200
56

4000
3000
25

3300
2300
38

4000
3000
95

4000
2900
31

4200
3200
95

5,872
5.1789

6,241
4.9357

5,313
4.7714

5,530
4.1880

6,072
4.1334

5,975
4.0287

5,824
3.8040

6,401
3.8771

r
4,959
3.9417

3,298
3.8937

3,792
3.7634

3630
3.6730

2759

253

231

251

228

209

269

248

264

262

279

456

504

3
410
711 6

48
58 1

46
504

42
588

27
626

71
567

33
574

37
427

28
557

18
41 1

30
454

21
663

2517

206

206

206

206

206

20.6

206

206

206

206

21 1

.2
21 1

205.3
1,060.0
'80

18.6
101.2
12

16.8
81.2
10

17.8
92.0
8

16.2
92.7
20

17.4
78.0

18.1
82.4
10

16.1
79.2

18.5
88.0
5

17.8
74.0

18.7
79.4
4

16.2
91.0
4

17.6
87.0

47
427
8206

48
48.1
8132

38
470
8108

40
440
.7995

33
42.6
.7592

4.7
60.3
7233

4.1
46.9
.6763

4.0
45.0
.6475

40
443
.7378

3.6
43.5
.8074

29
r
414
.8560

29
419
.8719

36
44.0
.8610

3

r/

rl

37.0
669
93
1062

4200
3200
71

rJ

253 9

337
694
55
101 1

73.5

6,072
5.2018

4057
7408

36.1
730
126
111 9

32 9
67 1
94
1062

15,213
'569
51 600
39000
3
904

'2443

353
696
76
1067

351
735
134
1140

3
216
3
52 639
Tl

4,943
4.4142

386
687
79
104 1

34.3
644
93
1059

r

199
.3714

30.1
669
85
973

386
659
113
1027

4106
n 808 g
3
120 8
rl
1 283 2

66.9

do

Scrap all types
do ..
Slab zinc:
Production, total i
thous. met. tons .
Consumption, fabricators
do...
Exports
do
Stocks, end of period:
Producers' at smelter (ABMS)
do..
Consumers' .
do .
Price high grade
$ per lb .

rJ

394.5
843
1381

r

1137

1323

1260

1200

1234

1218

124 2

1274

1250

171.6

1917

192.7

186.4

1896

196.1

199.9

212 8

229.1

213 3

184.5

186.3

187.1

187.9

189.9

189.0

189.1

189.8

190.1

190.2

140
135

135
124

146 75 rr228 55
132.55 212 20
161 80 15575
144 00 13585
1,212.3 1,285.1

20900
19060
189 75
168 10
1,304.4

r
48.25
r

55.20
4590
108.95
9430
269.2

1166

1224

1180

1750

1898

184.9

185.8

1151

1836

197 5

182.0

183.1

184.3

1567

1738

1928

1174

r

1462

147
141

140
126

145
134

141
129

133
115

143
130

138
127

158
150

147
126

142
135

143
135

1 976 35 15625
120.70
1,722.80
2 358 60
16990
2 059 20
14720
1,423.3 1,751.9

19245
174.50
22850
18875
1,715.8

14490
135.70
18355
16195
1,677.2

12890
108.15
22860
201 10
1,577.5

158.55
135.20
31275
26040
1,423.3

141 15
117.70
16220
14340
1,402.2

11630
100.45
16950
14360
1,349.0

19820
132.60
214 15
17980
1,333.1

20665
187.45
16895
141 65
1,370.8

13780
116.80
194 15
17230
1,314.4

18860
151.20
27570
240 10
1,227.4

110.15
10500
53.50
4445
436.6

60.10
4705
68.00
5880
428.8

55.50
4005
85.10
6415
399.2

47.75
4220
66.60
57.85
380.3

60.15
4150
64.15
5565
376.3

78.25
5670
98.50
8970
356.0

67.65
5695
74.75
6645
348.9

82.60
7725
89.15
7670
342.4

68.65
64 50
78.80
71 00
332.2

76.65
6990
74.55
7085
334.4

144
133

831.60
71905
837.00
704 15
380.3

70.85
7045
55.90
4975
380.0

52

1575

163.1

164.7

40

7898

130.6

1710

1628

16.2

!25.4

192.8

176.3

17.6

93.4
296
11 7

96.1
173
267

77.8
99
291

99.5
248
300

3.9026

131
123

87.50
81 40
71.60
67 35
350.2

47 95
'75.60
r
61 30
'322.9

SURVEY OF CURRENT BUSINESS

October 1990
Unless otherwise stated in footnotes
below, data through 1988 and
methodological notes are as shown in
BUSINESS STATISTICS, 1961-88

Annual

IT ..
vnila

1988

S-27
1990

1989
1989

Sept.

Aug.

Nov.

Oct.

Jan.

Dec.

Feb.

Mar.

Apr.

July

June

May

Sept.

Aug.

METALS AND MANUFACTURES—Continued
MACHINERY AND
EQUIPMENT-Continued
Tractors used in construction, shipments, qtrly:
Tracklaying (ex. shovel loaders)
units .
Wheel (contractors' off-highway)
Shovel loaders

mil $
units . .
mil $
units
mil $

12,117
1 167 1
5,110
4161
61 938
2092 1

thous
thous

63487
23623

ELECTRICAL EQUIPMENT
Batteries (auto.-type replacement),
shipments
Radio sets, production, total market ."ft
Television sets (incl. combination models),
production total market $i
Household major appliances, industry
shipments #
Air conditioners (room)
Dishwashers
Disposers (food waste)
Microwave ovens/ranges
Ranges
Refrigerators
Freezers
Washers
Dryers, including gas
Vacuum cleaners (qtrly )

thous
do....
do
do....
do....
do .,
do...,
do ....
do...,
do...,
do

GAS EQUIPMENT (RESIDENTIAL)
Furnaces warm air shipments
thous
Ranges total shipments
do
Water heaters (storage), automatic,
shipments
do...

1

1

2570
2707

2338
2696

(3)

1,082

1,038

(3)
(3)

14 166
5024

15117
5599

(3)

(3)

926

941

64433

6295

2712

6357
2454

6685

25 254

2578

6 114
2567

6714
1563

(3)

5989

3758

4790

4599

4,502

4908

1374

1 344

1547

1415

1,411

1,673

5,127
1,619

6,475

6,477

1,974

24859

2071

2520

2233

2074

2308

1 661

1 843

2321

1 589

1 758

2214

1 374

1890

567
47 070 1 46
1
5,091
'4,637
3907
'3668
4,363
4,233
10,988 '10,598
'3048
'3202
1
'7099
7,227
1
'1219
1,349
' 6,190 '6,252
'4,574
4,601
11 373
10652

3832

3971
170
303
434
1,075
258

3834

3502

3675

3530

4286

3670

3970

3,287

3353

'275
301
299
940
242

655
280
297
644
241

764
308
347
521
257

260
298
306
472
242

82
321
348
587
252

643
103
538
353

765
126
566
359

790
155
518
345

656
136
515
357

54
303
419
676
248

546
84
535
398

540
272
360
676
225

822
313
394
764
266

614
95
582
432

'259
308
362
822
234

4153
604
335
431
586
262

3480

97
338
426
958
275

3719
101
328
369
1,036
291

2092
2227

2 162
2 167

216
191

246
181

251
200

196
215

165
194

156
185

124
161

136
192

124
181

129
177

145
184

167
167

188
168

3,956

4,130

295

309

397

365

398

318

324

360

328

308

324

294

299

20 170

thous

10846
1 1837
4,545
3832
60855
22257

148
319
363
956
276

687
144
524
377

627
123
545
410

494
90
474
361

470
99
611
461

487
80
480
343

2652

3224

602
88
550
370

527
90
500
323

626
123
518
359

2348

3067

190

PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
Exports
Producer Price Index

thous. sh. tons .
thous. met. tons .
1982-100

311
14

299
72

373
58

339
85

291
9

237

221

259

297

329

327

277

345

323

1032

1032

1035

1043

104 5

1060

1060

1060

1055

1048

1040

1040

104 5

104 4

87657
90824
84618
971 218
71 180
889 491 r 80,148 r 72393
r
70 471 62 889 60,541
765,820
10428
9 185
9227
117 503
3,599
3,320
3,336
41,369
210
6,167
318
449
146,120 144,959 147,154 153,362
135 894 133 932 135 629 142 270
11,092
11027
10,227
11,525
3,426
3,707
3,591
2,864
2
8,370
8,691
7,351
90,753

85043
71,543
60,896

72554

90304

91357
71,030
60,616
9864
3,369

86615

84720

80933

93213

84322

76650
66060
9878
3,354

81796
68249
58,003

83350

83410
72267
9959

57661

59042

150 808
10625
3,641

156318

163 233

976

979

977

97 2

97 2

749

902

3,519
2
677
1034

3555

817
101 2

Bituminous and lignite:
Production
thous. sh tons
946 711
Consumption, total
do.. r883 664
r
Electric power utilities
do... 758,372
Industrial total
do
118 162
r
Coke plants (oven and beehive)
do...
41,910
r
Residential and commercial
do...
7,130
Stocks, end of period, total
do ... 158,413
Electric power utilities
do... 146,507
Industrial, total
do...
11,905
r
Oven-coke plants
do...
3,137
Exports excluding lignite
thous. met. tons...
85,282
Producer Price Index
1982—100
953

954

965

964

970

33015
39,533

3487

8302
3,270

3,252

10 116
3,301
530
157,790
147,131
10,660
3,145
8,776

976

3,195
1,184
146,120
135 894
10227
2,864
7,146

971

712
148,718
138 358
10360
3,123

9 592
3,025
655
153,905
143 413
10492
3,382

977

962

963

966

3336

3142

7364
3329

3278

3354

3288

3433

1885

1998

1721

1 505

550
161,433

r

COKE
Production:
Beehive and oven (byproduct)
Petroleum coke §
Stocks, end of period:
Oven-coke plants total
At furnace plants
At merchant plants
Petroleum coke
Exports

thous. sh. tons .
do...

32,405
39,811

do
do
do
do
thous. met. tons .,

1583
1420

.

PETROLEUM AND PRODUCTS
Crude petroleum:
Producer Price Index
1982-100 .
Gross input to crude oil distillation
units
mil. bbl .,
Refinery operating ratio
% of capacity
All oils, supply, demand, and stocks:
New supply, total 0
mil. bbl .,
Production:
Crude petroleum
do
Natural gas plant liquids
do
Imports:
Crude and unfinished oils
do....
Refined products
do....
Change in stocks, all oils
Product demand total . . . .
Exports:
Crude petroleum
Refined products
See footnotes at end of tables.




1558
1,011

1763
1601

1 919
1703
2

1720
1,043

3227

1 972
1777

1 919
1703

162

216

163

8181
3,104

195

216

1642

1724

i 736

1765

1720

63

51

196

65

122

1846

1889

1791

535

56.2

57.6

57.6

598

643

650

600

526

545

480

46 1

49597

4169

4195

84

86

4347

4065

4106

4225

4876

4209

4103

4207

4166

4463

6,301.7

6,304.7

547.5

512.9

535.8

522.7

505.6

566.0

487.0

524.2

4992

5448

5187

545 1

2979 1

27788

2339

2264

2274

2332

2090

586 1

231 0
47 4

226 1

6142

2292

2199

2250

212 3

221 5

2,021.6
686.8

2,283.7
656.2

204.4

197.0
53.2

203.5

184.2

215.2

207.9

224.3

do....
do

-10.2
66234

-15.8
6634 9

42.1
45.5

-357

-22.8
5435

do....
do....

567

46.2
4,921 6

241.0

56.3

51.7
259.5

89

484

88

464

86

5680

195.2
44.8
13.0
5235

5609

50

1.0

1.9

216.2
49.1

5.5

24.9

18.7

52.9
-9.4

22.6

86

464

84

433

88

493

88

456

84

493

5485

178.4
56.5
-81.7
6176

182.8
75.3
48.6
5480

4996

5568

3.6

76

41

29

41

5.2

25.6

25.4

17.8

177.0
55.5

7.3

20.1

23.2

85

466

485

5228

33
19.4

87

489

556

35
17.9

89

458

528
66.7
537 4

27
21.4

93

480

514

-26.9
544 i

28
18.8

S-28

SURVEY OF CURRENT BUSINESS

Unless otherwise stated in footnotes
below, data through H)88 and
methodological notes are as shown in
BUSINESS STATISTICS, l%l-88

Annual

1988

October 1990
1990

1989

,, .f

1989

Sept.

Au K .

Nov.

Oct.

Dec.

Jan.

Mar.

Feb.

Apr.

July

June

May

j

Aug.

PETROLEUM, COAL, AND PRODUCTS-Continued
PETROLEUM AND PROD l.'CTS— Continued
All oils, supply, demand, and stocks— Continued
Domestic product demand, total * mil. bbl..
Gasoline.. ..
do
Kerosene
do
Distillate fuel oil
do
Residual fuel oil
do
Jet fuel
do
Lubricants
do.
Asphalt
do
Liquefied petroleum gases
do....
Stocks, end of period total
do
Crude petroleum
do
Strategic petroleum reserve
do....
Unfinished oils, natural gasoline, etc
do
Refined products
do ....
Refined petroleum products:
Gasoline (incl. aviation):
Production
do...,
Stocks, end of period
do....
Prices, regular grade (excl. aviation):
Producer Price Index
1982-100
Retail, U.S. city average (BLS):
Leaded
$ per gal..
Unleaded
do ....
Aviation gasoline:
Production
mil bbl
Stocks, end of period
do .
Kerosene:
Production
do ...
Stocks, end of period
do...
Producer Price Index (light
distillate)
1982—100
Distillate fuel oil:
Production
mil bbl
Imports
do.
Stocks, end of period
do...
Producer Price Index (middle
distillate)
1982 - 100
Residual fuel oil:
Production .
.
mil bbl
Imports
do
Stocks, end of period
do
Producer Price Index
1982 = 100.
Jet fuel:
Production
mil bbl
Stocks end of period
do
Lubricants:
Production
do ...
Stocks, end of period
do...
Asphalt:
Production ...
do
Stocks, end of period
. do .
Liquefied petroleum gases:
Production total
do
At gas processing plants
(L.P.G.)
do...
At refineries (L.R.G.)
do..
Stocks (at plants and refineries)
do...

_.

_j_.

6,325.7
2,694.8
35.2
1,142.5
504.3
530.2
56.6
171.2
606.1
1,597.2
889.9
559.5

6,323.7
2,684.1
30.8
1,152.2
500.1
543.6
58.1
165.2
608.9
1,581.4
921.1
579.9

538.2
240.5
1.3
91.9
34.8
46.0
5.0
24.9
44.4
1,654.4
916.3
575.4

503.9
218.0
1.3
86.7
30.3
45.5
4.7
19.5
48.9
1,667.4
912.0
577.1

536.4
227.0
2.7
96.9
40.0
45.7
5.2
19.7
54.7
1,658.0
914.3
578.3

519.3
221.4
3.1
99.3
37.2
45.6
4.4
12.0
52.0
1,663.2
930.5
579.5

584.6
230.3
4.8
121.3
58.0
54.1
3.7
5.7
61.2
1,581.4
921.1
579.9

526.0
207.5
3.5
98.5
48.4
48.1
5.0
6.J
51.4
1,631.6
932.9
580.6

476.7
200.3
3.6
91.0
39.9
41.1
5.2
5.9
44.8
1,638.9
924.0
580.9

529.6
227.8
2.7
101.2
37.3
44.1
5.6
8.7
50.2
1,643.5
955.9
582.3

500.0
214.2
2.0
91.8
34.3
44.6
4.4
10.5
45.8
1,639.9
953.1
583.4

522.1
227.3
1.3
89.8
37.9
45.6
47
16/7
43.9
1,617.1
968.7
568.2

513.4
225.3
1.5
88.5
40.5
43.7
4.1
20.4
36.7
1,683.8
970.9
586.7

522.5
230 8
15
83 5
39 6
42 1
4.6
21 1
42.8
1 7106
9662.
586.7;

145.8
561.6

152.0
508.3

156.2
581.8

159.1
596.2

162.7
581.0

160.3
572.4

152.0
508.3

152.6
546.1

159.0
556.0

160.4
527.2

156.0
530.8

164.6
537.8

164.1
548.8

161.6
582.8

2,555.2
192.0

2,550.7
179.1

222.8
183.8

213.0
187.5

213.0
184.8

212.1
187.1

213.9
179.1

214.0
197.6

196.0
203.3

205.6
187.9

203.6
186.3

205.4
180.3

213.4
177.7

224.9
182.61

58.2

67.1

64.7

67.1

67.3

63.6

61.6

69.0

67.1

67.6

70.5

71.6

73.8

73.5

85.0 '

95.0

.900
.946

.997
1.022

1.034
1.057

1.007
1.029

1.001
1.027

.975
.999

.961
.980

1.006
1.042

1.011
1.037

.999
1.028

1.027
1.044

1.044
1.061

1.077
1.088

1.089
1.084

1.198
1.190

1.297
1.294

9.3
2.1

9.2
2.1

1.0
1.8

13

.9
2.2

.8
2.1

2.'l

.5
2.0

.6
1.9

.6
1.8

.7
1.8

.5

L8

8
17,

28.8
7.3

26.9
5.1

1.7
6.5

2.4
7.6

2.3
7.5

2.8
7.5

2.7
5.1

4.1
6.5

2.7
5.7

2.2
5.1

1.9
5.2

1.6
5.5

,?

2.3
6.0"j

51.6

57!8

55.5

58.1

60.9

63.8

64.2

76.3

69.1

62.0

60.9

r

59.4

57.1

56.6

1,046.3
110.4
123.5

1,058.0
111.7
105.7

90.1
7.9
116.8

88.6
7.5
123.2

90.1
8.1
121.7

91.9
9.2
119.8

101.3
10.1
105.7

97.2
15.5
118.0

77.1
10.0
112.2

82.3
8.7
99.7

84.1
9.2
99.5

89.1
6.4
102.8

89.8
7.7
109.4

93 2'
7 l|
1252,

. . .

1

•

65.5:

87.8

87.3

49.5

58.4

53.5

59.3

64.0

64.4

68.1

85.3

59.4

60.4

61.0

58.4

53.0

51.6J

72.2

338.7
235.9
44.6
41.1

348.1
229.6
43.8
47.6

28.0
15.5
44.5
48.1

25.7
13.6
49.4
46.8

31.0
18.1
50.9
48.2

32.3
16.3
52.4
49.2

35.3
21.1
43.8
51.9

35.0
25.1
49.7
57.8

29.7
17.9
51.5
55.6

30.2
10.4
46.2
55.2

26.4
16.6
49.0
51.8

27.2
15.7
49.6
50.0

27.8
16.1
46.8
43.1

30 Q\
16 6i
4901
41.3.

45.4

501.3
43.8

512.1
40.9

44.6
48.3

43.3
47.9

46.6
50.2

45.4
51.2

42.0
40.9

46.1
42.8

42.0
46.4

44.2
48.9

40.0
46.8

42.3
46.8

40.7
47.3

43.4!
50.9

62.3
13.3

61.4
13.8

5.3
14.5

4.8
14.3

4.4
13.3

5.0
13.3

4.5
13.8

4.8
13.6

4.6
13.0

5.0
12.3

5.2
12.4

5.1
12.3

4.7
12.4

54
130|

162.1
20.8

154.9
20.6

18.3
21.7

18.2
21.9

14.7
17.8

11.3
18.0

7.8
20.6

7.8
22.2

9.1
26.0

10.7
28.5

11.5
29.9

14.9
29.1

17.1
27.0

19.4
26 3 1

665.2

653.5

55.4

52.2

52.0

49.3

46.0

52.7

49.9

54.5

52.1

54.6

51.7

54 2

482.6
182.6
97.3

451.3
202.2
80.2

36.7
18.7
126.2

35.1
17.1
124.8

36.3
15.7
115.1

35.6
13.7
103.4

33.2
12.8
80.2

38.3
14.4
76.1

35.1
14.8
76.7

37.8
16.7
78.0

35.5
16.6
82.0

37.0
17.6
90.7

84.4
17.3
104.2

36.3
18 Oj

59.3
:

i

:

r

!
1

1

112.3'

PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD
Receipts
thous cords (128 cu ft )
Consumption
do
Inventories, end of period
do ..

.

| Si-pt.

i

95,537
' 95,497
4,888

'99,279
'98,414
5,462

8,946
8,498
4,415

8,491
8,167
4,891

8,876
8,331
5,405

8,202
8,070
5,581

7,844
7,936
5,462

8,741
8,553
5,571

8,215
8,108
5,597

8,260
8,341
5,483 j

8,138
8,260
5,209

8,014
8,118
5,177

8,006
8.042
5,167

8 8%
£467
5,106

i

1

19,021
1,044

'20,010
1,095

1,726
1,096

1,669
1,083

1,760
1,082

1,674
1,111

1,596
1,095

1,768
1,107

1,617
1,054

l,80oi
1,031 j

1,739
1,007

'1,800
1,017

1,798
1,031

1,752 j
1,043 j

I
i

'61,161
1,367
49,493

'61,998
1,425
50,181

5,301
108
4,322

5,063
128
4,069

5,295
110
4,276

5,021
133
4,032

4,991
117
3,995

5,480
125
4,418

4,988
89
4,050

5,272
123
4,275

5,254
98
4,220

5,156
103
4,158

''5,175
114
'4,202

5,490
107 j
4 457 '

i
i

5,943
4,358

6,029
4,363

oil
359

505
361

530
379

505
351

523
357

548
389

509
340

509
365

540
397

522
373

519
341

5v")")|
37 1 1

'

j

WASTE PAPER
Consumption
Inventories, end of period

thous sh tons
do ..

WOODPULP
Production:
Total
thous. sh.
Dissolving pulp
Paper grades chemical pulp
Groundwood and thermomechanical
Semi-chemical
Inventories, end of period:
Producers' own use
Producers' market
Consumers' purchased
Exports, all grades, total
thous. met.
Dissolving and special alpha
All other
Imports, all grades, total
Dissolving and special alpha
All other




|

tons ..
do ....
do....
do
do

'

i
•
i

do....
do....
do....
tons..
do....
do....
do....
do.
do....

172
261
622
'5,160
785
'4,373
'4,506
126
'4,381

193
342
519
'5,653
759
'4,896
'4,673
162
'4,513

193
353
591
484
74
410
428
19
409

205
364
590
497
55
442
389
19
371

187
383
551
455
61
395
401
7
394

188
446
529
314
48
266
352
347

193
342
519
530
82
449
362
15
347

192
518
539

215
531
542
i
1 ...
|
|

2021
487!
475

196
455
431

184
451
437

214
'438
485

209!
521 !
432'
' !

|'
|

|i
|

i...

|

!

j

!
•

!
i

i
i

i
'

i

i

!
j

Unless otherwise stated in footnotes
below, data through 1988 and
methodological notes are as shown in
BUSINKSS STATISTICS, 1961-88

S-29

SURVEY OF CURRENT BUSINESS

October 1990
...

1988

1990

1989

Annual
! 1989
1

AuK.

\

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

July

June

Aug.

Sept.

PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS
Paper and board:
Production (API):
Total .
thous sh tons
7(5 46(5
88,363
Paper
do....
38,103
Paperboard
do ....
Producer Price Indexes:
133.2
Paperboard
1982 = 100 ..
113.3
Building paper and board
do....
Selected types of paper (API):
Groundwood paper:
' 1,654
Orders, new
thous. sh. tons208
Orders, unfilled, end of period
do....
' 1 624
Shipments
do
Coated papers:
'7412
Orders new
.
do
751
Orders unfilled, end of period
do
7359
Shipments
do
Uncoated free sheet:
;
1 1 298
Orders new
.
do
1
1 1 277
Shipments
do
Unbleached kraft papers:
'2800
Shipments
thous sh tons
5476
Tissue paper production
do
Newsprint:
Canada: t
9,840
Production
thous. metric tons..
9740
Shipments from mills
do
288
Inventory, end of period
do....
United States:
5
427
Production
do .
5,415
Shipments from mills
do. ..
48
Inventory, end of period
do ....
Estimated consumption, all
12 244
users Q
do
Publishers' stocks, end of period #
thous. metric tons ..
933
7 794
Imports
do
Producer Price Index,
standard newsprint
1982-100 .
1276
Paper products:
Shipping containers, corrugated and solid
fiber shipments
mil. sq. ft. surf. area.. 308,509

r
7(5713
r

38,256
38,456

''6 635

r
3,316
r

3,319

140.1
115.6

r
6 300
r

3,180
3,120

r

r
6 629
r
3,381
r

r
6 382
r
3,241
r

3,141

'"6 153
3,080
3,073

139.8
116.6

139.7
117.0

140.0
116.9

150
210
166

128
195
152

149
''210
122

3,248

139.7
116.3

140.0
116.2

r

r

6686
3,373
3,313

r
6 117
r

r
6692
r

6440
3,178
3,262

r
6 559
r
3,281
r

3,277

6708
3,402
3,306

135.4
112.4

134.9
111.5

133.3
110.5

173
194
141

155
197
150

170
216
152

614
761
620

r

r
639
r
80()
r

670
809
661

977
958

1 007
957

r

r
909
r

998
975

196
500

187
467

206
494

208
479

r

208
482

198
501

3,340
3,352

6371
3,168
3,202

6576
3,284
3,292

138.9
116.0

138.9
115.5

137.6
113.7

136.0
113.4

160
189
156

149
197
141

125
185
149

115
140
140

158
170
138

r
616
r
672
r

r

r

r

r

647
658
618

648
728
562

r
971
r

935

1042
r
990

215
474

185
452

r

139.2
116.6

3,119
2,998

r

133.1
110.0

1,773
r
210
1 7^3

167
'215
151

176

r

7284
'"824
7,215

T>61
r
851
r
(554

r
635
r
879
r

r
669
r
863
r

r
5f>4
r
834
r

r
586
r
824
r

11 170
''11 081

1 022
r
956

r
9f>5
r

890

1r 001
975

r
971
r

r

227
485

210
473

239
489

241
474

216
460

9,640
9607
321

837
811
475

760
830
405

846
852
399

788
816
371

767
817
321

797
716
403

747
718
432

794
825
401

786
815
372

847
861
358

762
804
316

826
752
391

758
750
399

661
698
362

5 523
5,515
56

462
469
67

469
470
66

477
478
66

468
481
53

483
480
56

502
497
61

462
467
56

492
493
56

491
493
53

495
502
46

489
486
49

508
508
49

r
519
r

518
50

498
509
39

12 241

1 000

1 033

1 109

1 115

1029

966

930

1 059

1,038

1070

1050

r

960

1000

1001

749
2
7 678

848
714

824
618

793
667

758
628

749
605

803

836

821

805

802

825

r

1225

1207

1204

1193

1190

118.3

116.8

1154

1156

1155

1166

1210

313,398

27,837

25,441

28,982

25,349

23,202

27T609

24,180

26,680

26,619

27,219

r
57 27
100.15
58.57

7898
101 63
81.87
1027

r
65 22
r

8743
9730
89.49

r

' 2 (581
5 636

r

(513

r

1

i

;fj

587

617

655

r

915
865

934

649

r
944
1000
r

537
622
o84

648
788
601

625

989
904

946

r

r

912

861

1216

1219

121 8

26,265

26,444

28,055

25,375

7392
9980
77.66
1054

5737
101 56
60.38

859

RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption.
thous. metric tons..
858 28 r866 87
9198
61 74
Stocks, end of period
. do .,
853.82 r2 887.62
Imports, incl. latex and guayule
do....
1103
1477
US Import Price Index
1985—100
Synthetic rubber:
2 334 72 2 301 82
Production
thous metric tons
Consumption
do
2 016 85 r 2 092 60
322 03
279 28
Stocks, end of period
.do
Exports (Bu. of Census)
do....
460.01 2 579.08
TIRES AND TUBES
Pneumatic casings:
Production
Shipments total
Original equipment
Replacement equipment
Exports
Stocks end of period
Exports (Bu. of Census)
Inner tubes:
Exports (Bu. of Census)
See footnotes at end oi' tables.




thous ..
do
do
.
.do .
do ....
do
.. ..do
do....

1

21 1,351 1 212,870
264 811 264 049
59 347
62 932
189 212 188717
12,666
15,985
3!) 308
33 191
16,149 219,118

1,712

2

1,8 13

50.86
91.98
60.09
1003

r
6257
100.20
72.31

r

r

r

r

r

r

r

r

r

r

7082
8806
65.64

71 97
8332
69.14
998

62 07
8774
69.50

84 59
8388
78.92

9715
63.08

1054

186 ?1
170 53
314 14
4821

201 66
168 97
323 42
54 54

20471
17901
329 62
54.64

193 82
182 97
r
330 33
43.59

16668
152 58
322 03
44.39

176 31
163 73
r
375 04

182 91
16076
r
374 36

186 97
163 21
r
368 91

191 08
144 88
r
388 94

17901
163 79
381 07

174 38
151 15
379 19

172 01
14299
392 80

18,288
23 955
4 969
17 488
1,497
41 902
2,112

16,963
23 151
4 947
16 913
1,291
39 852
1,566

18,400
23 335
4910
17 003
1,422
39 156
1790

16,323
21924
4706
16011
1,206
38 378
1 412

14,721
18 545
3 532
13 950
1,065
39 308
1 396

19,017
19848
3489
14984
1,374
43 888

17,376
18 955
4554
13 030
1,372
46 561

19,522
22 756
5 382
15 872
1,504
48446

17,680
21 375
4780
15 142
1,453
49601

17,990
23646
5 589
16 605
1,452
48728

18,186
24 042
5311
17 381
1,351
47 893

14,996
22 436
3 572
17 586
1,277
r
45 351

181

121

136

96

174

r

18,555
24 391
4 696
17 992
1,704
43492

S-30

SURVEY OF CURRENT BUSINESS

Unless otherwise stated in footnotes
below, data through 1988 and
methodological notes are as shown in
BUSINESS STATISTICS, 1961-88

Annual

,, ..
1988

October 1990

1989
1989

Sept.

Aug.

1990
Nov.

Oct.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

44,828

46,513

44,687

Sept.

Aug.

STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments, finished cement

thous. bbl.. '477,958 '474,346

CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil. standard brick ..
Structural tile, except facing
thous. sh. tons..
Sewer pipe and fittings, vitrified
do....
Floor and wall tile and accessories, glazed
and unglazed
mi. sq. ft..
Producer Price Index, brick and structural
clay tile
12/84-100 .,

51,782

45,282

49,298

40,234

26,303

29,615

27,030

35,205

38,744

591.1

6,930.0

6,698.2

645.8

585.4

466.0

578.8

(2)
22.3

(2)
19.9

(2)
21.0

416.6
(2)
17.7

469.7

(2)
255.7

621.6
(2)
22.8

548.7

(2)
300.9

(2)
16.4

(2)
16.3

(2)
21.5

470.7

545.3

50.3

45.1

47.0

44.6

41.7

39.7

38.1

44.0

110.9

112.2

111.8

112.0

113.2

113.3

113.5

25,258
23,363

20,963
20,688

GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments
thous. $., 1,479,446 1,543,242
Glass containers:
Production
.
thous gross. 284,473 '287,511
Shipments, total
do.., 280,439 r285,586
Narrow-neck containers:
22,100
Food
do...
22,010
'62,382 r63,813
Beverage
do...
86,285
Beer
do
88,556
26,491
Liquor and wine
do
26,059
Wide-mouth containers:
66,675
Food and dairy products
do....
67,973
Narrow-neck and wide-mouth containers:
13,980
Medicinal and toilet
do....
13,826
Chemical, household, and in1,357
dustrial
do ...
1,318

21,837
22,101

2,394
6,228

17,513
19,976

21.9

17.3

16.4

18.8

18.9

43.2

40.4

38.3

41.1

115.0

115.3

115.1

24,099

25,790

20,563

24,689

23,825

26,478

24,882
24,943

1,840
7,891
2,345

2,529
6,253
7,990
2,507

2,033
6,058
7,603
2,635

r

1,819

2,160
5,706
7,819
2,221

2,173

6,116
8,024
2,262

2,066

1,767

1,337

1,411

1,596

1,707

5,061
6,749
1,971

5,242
7,029

4,727
6,460

4,535

4,532
6,554

2,187

1,964

4,242
6,430
2,078

6,390

5,481

6,272

5,480

5,080

5,769

5,084

5,887

5,300

6,266

5,764

'5,729

7,046

5,493

702

111

655

647

751

804

818

881

873

795

700

745

71
43,820

89
44,590

65
45,243

88
42,408

107
41,709

63
42,889

77
43,094

75
43,262

60
42,265

55
42,287

57
42,526

41,396

120

583

826

559

'680

836

4337

3228
3228

15974

14497
14497

1,410
1,420
820

1,460
1,580
758

1,890
1,900
728

1,310
1,200
581

1,258
1,411
684

1,182
1,363
592

1,318
1,530
784

1,373
1,402
815

'5,310

'5,170

477

461

458

430

619

355

379

428

496

..

..

Regular gypsum board
Type X gypsum board
Predecorated wallboard
5
/ie mobile home board
Water/moisture resistant board

mil sq ft
do ..
do ...
do
do...
do...
do...
do...
do ...

2,436

86
44,186

1,360
1,490
838

Board products total.
Lath
Veneer base
Gypsum sheathing

2,089
6,065
7,962

719

'15,500
'17,500

235
'20,563
21
472
'311
'13,888
'4,583
'132
'605
'550

r

7,971
2,222

7,160
1,999

115.4

373,350

'15,100
'16,900
'9,680

'150

25,835
26,682

25,228

'357,010

GYPSUM AND PRODUCTS
Production:
Crude gypsum (exc. byproduct) thous. sh. tonsCalcined
do
Imports, crude gypsum
do...
Sales of gypsum products:
Uncalcined
.
do

do...

25,185
'24,775

21,997

42,053

do ...

115.3

21,859
21,917

42,296

Calcined:
Industrial plasters
Building plasters, total
(incl. Keene's cement)

115.4

114.2

do...

Stocks, end of period

655.7

113.7

370,059

383,313
25,837
26,010

631.5

630.8

r

40.3

114.9

631.0

r

53

1,342
1,372

495

4

()
(2)

(2)

(2)

(2)

'20,870

1,952

1,722

1,918

1,700

18
475
266
12,523
6,071
113
717
687

44
25
1,167
569
10
73
64

39
21
1,039
499
9
60
54

1
41
26
1,144
560
10
73
63

1
37
23
1,036
488
9
52
55

1,473
1
29
19
890
438
8
39
48

1,772

1,700

1,869

1
38
22
1,071
521
i
52
58

1
40
21
1,033
489
8
51
57

43
22
1,131
540
8
59
63

f

1,649
1
35
23
975
484
8
66
57

1,710
1
37
21
1,014
505
8
68
55

TEXTILE PRODUCTS
FABRIC
Woven fabric, finishing plants:
Production (finished fabric)
mil. linear yd..
Cotton
.
do
Manmade fiber and silk fabrics
do....
Inventories held at end of period
do....
Cotton
do ..
Manmade fiber and silk fabrics
do
Backlog of finishing orders
do....
Cotton
do ....
Manmade fiber and silk fabrics
do....
COTTON AND MANUFACTURES
Cotton (excluding linters):
Production:
Ginnings Q
thous. running bales ..
Crop estimate
thous. net weight bales §..
Consumption
thous. running balesStocks in the United States, total, end of
period #
thous. running balesDomestic cotton, total
do .
On farms and in transit
do....
Public storage and compresses
do....
Consuming establishments
do....
See footnotes at end of tables.




11884

981

382

10,357

14,985
15,412
7,294

12,196
7,444

663

' 860

665

617

16,062
16,062

12803
12803

17382
17382

1,957

1,457

13,524

10,762

11807
4,975

16195
16,195
11,147
4,458

15 157
15,157
7,227
7,378

13917
13917
2,815
10,558

600

590

552

581

584

5

5,806

544

11558
3

653

605

633

12803
12803

11 289
11 289
1 104
9524

9894
9894

661

689

1457
10,762

584

a

3

794

624

641

8033
8033

5778
5*778

1 153

771

6975
6975

843

879

485

8052

6566

5447

4224

685

675

3 185

696

4 337

667

369

2 187

672

5 14 550

15 974
13 740
11 555
1 615 2407
'619
535

Unless otherwise stated in footnotes
below, data through 1988 and
methodological notes are as shown in
BUSINESS STATISTICS, 1961-88

S-31

SURVEY OF CURRENT BUSINESS

October 1990
Annual

1T ..
URU8

1989
1989

1988

Sept.

Aug.

1990
Nov.

Oct.

Jan.

Dec.

Mar.

Feb.

Apr.

May

June

July

Sept.

Aug.

TEXTILE PRODUCTS-Continued
COTTON AND MANUFACTURES— Cent.
Cotton (excluding linters)— Continued
Exports
thous. running bales.,
Imports
thous. net-weight bales §.
Price(farm), American upland 0
cents per Ib ..
Price, Strict Low Middling, Grade 41, staple 34
(IVie") average 10 markets
cents per Ib
Spindle activity (cotton system spindles):
Active spindles, last working
day total
mil
Consuming 100 percent cotton
do ...
Spindle hours operated, all
fibers, total
bil
Average per working day
do...
Consuming 100 percent cotton
do...
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production (qtrly.)
mil. sq. yd.
Orders, unfilled, end of period, compared
with average weekly production
no w°eks' prod
Inventories, end of period, compared with
avg. weekly production
no weeks' prod .
Ratio of stocks to unfilled orders (at cotton
mills) end of period
Exports, raw cotton equivalent
thous. net-weight bales §
Imports, raw cotton equivalent
do
Producer Price Index, gray cotton
broadwovens
1982= 100 .
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly:
Acetate filament yarn
mil Ib
Rayon staple, including tow
do
NoncellulosJc, except textile glass:
Yarn and monofilaments
do...
Staple incl tow
do
Textile glass fiber
do
Fiber stocks, producers', end of period:
Acetate filament yarn
Rayon staple, including tow
Noncellulosic fiber, except textile glass:
Yarn and monofilaments
Staple, ipc'. tow
Textile flass
fiber

mil. Ib.
do...
do
do
do .

Manmade fiber and silk broadwoven fabrics:
Production (qtrly.), total
mil. sq. yd .
Filament yarn (100%) fabrics...
do
Chiefly rayon and/or acetate
fabrics
do
Chiefly nylon fabrics
do
Spun yarn (100%) fabrics .
do
Rayon and/or acetate fabrics, blends
do ..
Polyester blends with cotton
do ...
Acetate filament and spun
yarn fabrics
do
Producer Price Index, gray synthetic
broadwovens
1982 — 100
Manmade fiber textile trade:
Exports, manmade fiber equivalent
mil. Ibs.
Yarn, tops, thread, cloth
do...
Cloth woven
do
Manufactured prods., apparel,
furnishings
do
Imports, manmade fiber equivalent
Yarn, tops, thread, cloth
Cloth, woven
Manufactured products, apparel,
furnishings
Apparel total
.
. . .
Knit apparel

do
do
.do

FLOOR COVERINGS
Carpet, rugs, carpeting (woven, tufted, other),
shipments, quarterly
mil. sq. yds..
APPAREL
Women's, misses', juniors' apparel cuttings, qtrly:
Coats
thous. units..
Dresses
do
Suits (incl. pant suits, jumpsuits)
do....
Skirts
do...
Slacks, jeans, dungarees, and
jean-cut casual slacks
do....
Blouses
thous dozen




480

466

495

496

602

63.9

65.7

65.4

650
0)
61.4

3

59.8

60.6

64.1

65.0

65.4

62.3

63.7

64.6

65.2

57 7

699

685

694

683

636

622

650

681

71 3

746

771

795

763

710

101
3.9

100
3.9

3.9

r

5.3
.264
r
2.0

£H

6,704

11 5
4.4

107
4.3

107
4.2

107
4.2

107
4£

107
4.2

107
4.3

106
4.3

107
4.3

106
4.2

105
4.2

104
4.2

103
4.1

781
.302
28.9

808
.294
27.8

108
.313
2.1

4

5.6
.279
2.1

5.8
.293
2.2

4

54
.272
2.1

56
.278
2.2

4

5.4
.271
2.1

5.3
.267
2.1

4

4,632

4,589

79
.317
4
2.9

64
.254
4
2.4

6.4
.255
4
2.6

r

4.4

.220

1.7

1,199

1106

1,134

6.9
.276
4
2.7

2504
1 1468

114.4

110.9

109.8

109.8

110.8

110.9

113.5

113.7

113.8

113.8

114.0

114.1

114.3

2139

2175

3998

3628

567
832

523
776

468
733

523
720

4,180.3
43456

4,225.4
42903

1,051.6
1 0534

10113

1, 030.7
9843

1,088 2
10608

11.4
14.0

99
22.4

11.6
18.1

99
22.4

88
14.0

87
10.1

2886
2984

3642
3408

3519
3625

3642
3408

3757
3343

3786
3847

1127

1140

1150

1150

1158

1159

1153

117.1
15.6
967

113.0
14.1
1069

8.6
1.3
69

4
9.4
4

1.5
39

8.1
1.1
104

7.8
.8
51

4
9.1
4

244
72.3

299
77.0

21
4.8

15
2.4

32
7.3

438
. 4.87

370
4.31

350
4.10

350
4.14

350
4.17

1905

1763

40 1

37 0

388

1,328.0

1,357.2

350.7

324.3

3347

18,416
160 488
8,972
96,417

16,895
181 967
8,372
97,689

4,403
44 436
1,854
21,809

4,055
40 178
1,910 •
20331

276,364
33,721

300,907
37,180

75,590
8352

72,302

1156

1157

10
98

73

92

13
3.7

18
8.0

28
4.4

333
4.17

300
4.20

294
4.17

1156

110.3

114.8

112.4

1157

115 6

116 2

1157

1155

1162

29.9
38
47

82

50

301
36
48

34

55

15
7.7

24
2.3

26
5.6

24
2.6

2i
2.7

15
1.9

13
4.2

287
4.04

287
4.03

284
4.14

275
4.06

257
3.42

2 42
3.38

2 35
3.52

68475
282.19

16931

40256
do.... 1,735.70
do....
258.18
do...
17923

WOOL AND MANUFACTURES
Wool consumption, mill (clean basis):
Apoarel class
mil. Ib.,
Carpet class
do...,
Wool 'mDorts clean yield t
do
Unimproved and other grades
not finer than 46's
do
48's and finer *
do....
Wool prices, raw, shorn, clean basis, delivered
to U.S. mills:
Domestic— Graded territory, 64's, staple 2%"
and up
dollars per Ib
Australian, 64's, Type 62, duty-paid
do....
Wool broadwoven goods, exc. felts:
Production (qtr'v )
. .
mil sq yd

See footnotes at end of tables.

3

5

1
55.6

5,649

1 477 52
99103
44303

9 104

6
6

3567

2 35
3.55

S-32
Unless otherwise stated in footnotes
below, data through 1988 and
methodological notes are as shown in
BUSINESS STATISTICS, 1961-88

SURVEY OF CURRENT BUSINESS

October 1990

1989

Annual

1990

....

Unit8

1988

1989

Aug.

Sept.

Nov.

Oct.

Jan.

Dec.

July

Aug.

27,770

28,280

26,228

1,748 4 1,976.5 1,955.6 2,474.7
1 415 1 653 1 552 2048

2,129.0
1555

2,165.8

627
569
875
635
240
6
9.8
6
71
6
27

346
322
822
596
226
9.7
71
26

530
488
'807
r
572
235
9.4
69
2.5

1,505
1316
6
22

1,318
1,376
23

1,337
1454
25

Feb.

Mar.

Apr.

May

26,203

29,360

30,941

26,617

June

Sept.

TEXTILE PRODUCTS—Continued
APPAREL—Continued
Men's apparel cuttings, qtrly:
Suits
thous units
13413 13896
17 435 18012
Coats (separate) dress and sport
do
Trousers slacks jeans pants etc
do
428 231 470 820
85338 113 085
Shirts dress and sport
thous doz
Hosiery, shipments
thous. doz. pairs.. 322,124 353,692

28,992

3024
5236
122 582
28 120
27,930

34,710

30,943

3 156
4*211
116486
28534
27,492

25,344

TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders new (net) total
mil $ 3 3147 128
U S Government
do
67 850
3
143 421
Prime contract
do
Sales (net), receipts, or billings,
3
113,548
total
do
3
68,104
U.S. Government
do
Backlog of orders, end of period #
do.. 3191,518
3
U S Government
do
92 394
Aircraft (complete) and parts
do.... 33 87,865
Engines (aircraft) and parts
do..., 23,415
Missiles, space vehicle systems, engines,
3
propulsion units, and parts
.
mil $
29,078
Other related operations (conversions, modi3
17 895
fications) products services
mil $
Aircraft (complete):
467 3
Shipments
do
16 019.9 17
9971 4 13 414
MOTOR VEHICLES (NEW)
Passenger cars:
Factory sales (from U.S. plants):
Total
thous
Domestic
do
Retail sales, total, not seas, adj
do....
Domestics §
do...
Imports §
do ...
Total, seas. adj. at annual rate
mil .
Domestics §
do
Imports §
do
Retail inventories, domestics, end of period: §
Not seasonally adjusted
thous
Seasonally adjusted
do
Exports (BuCensus) total
To Canada
Imports (ITC) complete units
From Canada total
Registrations 0 total new vehicles
Imports, including domestically
sponsored
Trucks and buses:
Factory sales (from U.S. plants):
Total .
Domestic
Retail sales:
Total, not seasonally adjusted *
0-10,000 Ibs. GVW, domestics
0-10,000 Ibs. GVW, imports *
10 001 Ibs GVW and over t.

do
do
do
do
do
do

0-10,000 Ibs GVW domestics
do
0-10 000 Ibs GVW imports *
do
10 001 Ibs GVW and over t
do
Retail inventories, domestics, end of period:
Not seasonally adjusted
thous .
Seasonally adjusted
do ...
Exports (BuCensus)
do
Imports (BuCensus), including separate
Registrations <>, new vehicles, excluding buses
not produced on truck chassis
thous .
Truck trailers and chassis, complete (excludes
detachables) shipments
number
Van tvpe
do
Trailer bodies (detachable), sold
separately
do...
Trailer chassis (detachable), sold
separately
do...
RAILROAD EQUIPMENT
Freight cars (new), for domestic use; all
railroads and private car lines (excludes
rebuilt cars and cars for export):
Shipments
number
Equipment manufacturers
do
New orders
.. do .
Unfilled orders end of period
do
Eauioment manufacturers
do
Freight cars (revenue), class I railroads(AAR): t
Number owned, end of period
thous ..
Capacity (carrying), total, end of month
mil. tons..
Average per car
tons
See footnotes at end of tables.




1,720.5
1 161

1,122 2 2,644.6
1 055 2 183

(2)

540
499
976
685
291
11.3
82
31

576
523
840
610
230
10.6
78
28

618
568
750
524
226
8.9
62
27

535
482
687
474
213
8.6
60
26

453
401
655
456
199
8.9
65
24

335
304
756
547
209
10.2
75
27

488
433
728
534
194
9.6
68
28

617
547
866
626
240
9.6
68
28

509
449
817
599
218
9.4
66
2.8

625
564
890
644
246
9.4
67
27

1,450
1 617
24
4834
3959
2790
706
880

1,439
1 567
24
57 88
4808
2933
934
956

1,549
1628
32
6881
4787
352 1
1032
800

1,658
1671
33
67 31
4502
3558
1160
666

1,669
1659
31
6372
4030
3438
940
694

1,484
1382
22

1,467
1 326
23

1,479
1338
24

1,422
1301
24

1,471
1306
23

2647
716
619

3104
999
657

372 1
1294
773

?181
893
751

3352
1282
824

3355
1281
858

779

777

331

354

303

262

265

210

248

292

268

319

328

300

321

347
328

316
289

300
275

314
290

289
265

228
212

306
281

388
355

327
298

401
368

399
371

252
238

319
302

4,941.5
4,106.4
504.2
3311

465.8
382.1
55.5
282
4504
3804
416
284

424.6
357.0
42.0
25.5
458.7
389.8
426
26.3

367.9
297.6
41.5
288
3906
319.3
437
27.7

362.3
304.1
35.5
227
384.3
318.3
409
25.1

358.6
296.7
37.1
249
3903
324.3
409
25.2

406.0
349.7
33.0
23.3
450.9
387.4
377
25.8

346.2
292.9
30.5
22.8
380.6
317.8
364
26.5

431.2
363.2
40.5
274
390.9
328.1
373
25.6

410.1
350.7
33.2
26.2
391.6
335.0
32.9
23.6

443.0
374.0
42.4
26.6
388.0
326.1
373
24.6

431.5
365.2
39.9
26.4
400.6
333.5
421
25.0

423.4
364.9
30.7
27.9
411.4
356.5
27.3
27.6

r
391.9
r

326.9
39.5
r
25.4
'"383.8
r
326.9
31.5
r
25.4

361.4
310.1
27.7
23.6
392.9
339.4
284
25.0

1,134.9
1,171.2
21128

1,107.8
1,209.8
1564

1,078.8
1,177.2
21 15

1,102.6
1,147.2
17 15

1,146.8
1,158.8
15.01

1,134.9
1,171.2
1571

1,035.4
1,010.3

1.070.4
1,006.3

1,110.6
1,036.2

1,103.9
1,030.5

1,158.4
1,099.6

1,193.2
1,143.5

1,081.6
1,180.7

1,073.0
1,173.4

1,095.3
1,197.0

1 155 66 4 1 022 17

7964

7 105
6437
10,639
7,539
3,099

9,903
7,078
2,825

1,669
1,601
1682
1619
26
28
765 12 4 769 75
616 18 56923
44502 444 042 7
1 191 4 1 151 1
1
10 480 J 9853
1

X

3,710

3539

4,121
3,795

do
do...
do
do
do
do

1,791 3 23348 1,383.7 1,083 8
485
1 322
1 020 1 836

5,149.1
4,195.1
604.6
3487

999.3
1,041.6
24692

4

6

6906

7058

8820

8170

441

493

423

371

388

361

348

404

413

424

453

429

419

186,483 181 478
131,991 130 163

15,850
11,868

13302
9881

13,378
9,697

11,981
8,813

12777
9,683

12,910
9667

12305
9,293

14265
10597

12403
8,676

13206
9 305

12015
8551

10
645
r
7442

12 859
9427

1,309

1,557

1,527

1,182

782

794

642

1,576

915

1,088

1,551

1,503

1,054

1

5,211

5

5,223
37,729

22,524
22,524
28,871
28871
15 953
15953

()
r5

24,779

6,821
6,821
6,117
6117
15694
15 694

29,642
29,617
31,027
31002
16691
16691

1,340

*

5,100

1

"785
585
'200
10.1
76
'2.5

8,892
8,892
5,556
5556
13 537
13 537

7,697
7,672
8,221
8 196
16691
16691

725

688

707

703

698

694

688

687

685

684

681

678

675

62.46
86.17

59.73
8687

61.20
86.61

60.93
8665

60.54
86.71

60.24
8682

59.73
8687

59.79
8701

59.64
87 10

59.57
87 13

59.28
87.05

59.02
8708

58.79
87 15

(2)

S-33

SURVEY OF CURRENT BUSINESS

October 1990

FOOTNOTES FOR PAGES S-l THROUGH S-32
General Notes for all Pages:
r Revised,
p Preliminary,
e Estimated,
c Corrected.

Page S-l
t Revised series. See Tables 2.6-2.9 in the July 1990 SURVEY for revised estimates for
1987-89.
} Includes inventory valuation and capital consumption adjustments.
S Monthly estimates equal the centered three-month average of personal saving as a
percentage of the centered three-month moving average of disposable personal income.
0 See note "0" for p. S-2.

Page S-2
1. Based on data not seasonally adjusted.
0 Effective April 1990 SURVEY, the industrial production index has been revised back to
1977 and has a new base year of 1987. A more detailed explanation of this revision is in the
April 1990 Federal Reserve Bulletin. Historical data are available from the Industrial Output
Section, Mail Stop 82, Division of Research and Statistics, Federal Reserve Board, Washington,
DC 20551.
# Includes data not shown separately.

Page S-3
# Includes data for items not shown separately.

Page S-4
1. Based on data not seasonally adjusted.
# Includes data for items not shown separately.
t Includes textile mill products, leather and products, paper and allied products, and printing
and publishing industries; unfilled orders for other nondurable goods industries are zero.
0 For these industries (food and kindred products, tobacco, apparel and other textile products,
petroleum and coal, chemicals and allied products, and rubber and plastics products) sales are
considered equal to new orders.

Page S-5
@ Compiled by Dun & Bradstreet, Inc.
# Includes data for items not shown separately.
§ Ratio of prices received to prices paid (parity index),
t See note "J" for p. S-4.
f In the Feb. and July issues of the SURVEY each year, data for the most recent six to eight
years are subject to revise and are available upon request.

Page S-6
§ For producer price indexes of individual commodities, see respective commodities in the
Industry section beginning p. S-19. All indexes subject to revision four months after original
publication.
# Includes data for items not shown separately.
J Effective with the Feb. 1990 SURVEY, data have been revised back to 1985 and are available
upon request.

Page S-7
1. Computed from cumulative valuation total.
2. Index as of Oct. 1, 1990: building, 403.8; construction, 443.0.
3. Beginning Dec. 1988, series has been discontinued by the Bureau of the Census.
t Effective July 1990 SURVEY, data have been revised back to 1985. Revised data are available
from the Construction Statistics Division at the Bureau of the Census, Washington, DC 20233.
# Includes data for items not shown separately.
§ Data for June, Aug., and Nov. 1989, and Mar. 1990 are for five weeks; other months four
weeks.
0 Effective Feb. 1990 SURVEY, data for seasonally adjusted housing starts have been revised
back to 1987. These revisions are available upon request.
@ Effective Feb. 1990 SURVEY, data for seasonally adjusted manufacturers' shipments of
mobile homes have been revised back to 1987.
t Effective May 1990 SURVEY, data for seasonally adjusted building permits have been revised
back to 1988 and are available upon request.
# Series first shown in the July 1990 SURVEY. The fixed-weighted price index is a weighted
average of the individual price index series used to deflate the Value of New Construction Put in
Place (VIP) series. In calculating the index, the weights (the composition of current dollar VIP
in 1987 by category of construction) are held constant. Consequently, the index reflects only
changes in prices. The implicit price deflator is a derived ratio of total current to constant dollar




Address requests for data to:
Business Statistics Branch
Current Business Analysis Division (BE-53)
Bureau of Economic Analysis
U.S. Department of Commerce
Washington, D.C. 20230

VIP (multiplied by 100). It is the average of the individual price indexes used in the deflation
of VIP, but the prices are weighted by the composition of VIP each period. As a result, the
implicit price deflator reflects not only changes in prices, but also changes in the composition
of VIP, and its use as a measure of price change is discouraged.
f t Effective Sept. 1990 SURVEY, the construction cost index for the Federal Highway
Administration has been revised back to 1986 and has a new base year of 1987=100.

Page S-8
1. Advance estimate.
2. Beginning with Feb. 1989 data, associations in conservatorship are excluded.
0 Home mortgage rates (conventional first mortgages) are under money and interest rates
on p. S-14.
§ Data include guaranteed direct loans sold.
# Includes data for items not shown separately.
@ Data are for closed mortgage loans of thrift institutions insured by the Savings Association
Insurance Fund (SAIF)—FSLIC-insured institutions prior to Sept. 1989.
t Effective April 1990 SURVEY, wholesale trade data have been revised back to Dec. 1980.
Revised data and a summary of changes appear in the report Revised Monthly Wholesale Trade
Sales and Inventories BW89-R, available from the Bureau of the Census, Washington, DC 20233.
t Effective April 1990 SURVEY, retail trade data have been revised. Estimates of retail sales
and inventories have been revised back to January 1982. Revised data and a summary of changes
appear in the report Revised Monthly Retail Sales and Inventories BR89-R, available from the
Bureau of the Census, Washington, DC 20233.

Page S-9
1. Advance estimate.
# Includes data for items not shown separately.
0 Effective with the January 1990 SURVEY, the seasonally adjusted labor force series have
been revised back to January 1985. The January 1990 issue of Employment and Earnings contains
the new seasonal adjustment factors, a description of the current methodology, and revised data
for the most recent 13 months or calendar quarters. Revised monthly data for the entire 1985-89
revision period appear in the February 1990 issue of Employment and Earnings.
t The participation rate is the percent of the civilian noninstitutional population in the civilian
labor force. The employment-population ratio is civilian employment as a percent of the civilian
noninstitutional population, 16 years and over.
@ Data include resident armed forces.
J See note "J" for p. S-8.

Page S-10
0 See note "0" for p. S-9.
§ Effective Sept. 1990 SURVEY, data have been revised to reflect annual benchmark revisions,
the conversion of the industry series to 1987 SIC codes, and updated seasonal adjustment factors.
All series have been revised back to April 1988, unadjusted, and Jan. 1985, seasonally adjusted.
Industry series affected by revisions in the SIC have been revised back to the inception of
the series, to the extent possible. In addition, all constant-dollar and indexed series have been
recomputed on a 1982 base. The Sept. 1990 issue of Employment and Earnings contains a
detailed description of the effects of these revisions and revised data for all regularly published
tables. All historical data will be published in a historical bulletin, Employment, Hours, and
Earnings, United States, 1909-1990.

Page S-ll
§ See note "§" for p. S-10.
1 This series is not seasonally adjusted because the seasonal component is small relative to
the trend-cycle and/or irregular components and consequently cannot be separated with sufficient
precision.
0 Production and nonsupervisory workers.

Page S-12
1. This series is not seasonally adjusted because the seasonal component is small relative to
the trend-cycle and/or irregular components and consequently cannot be separated with sufficient
precision. Use the corresponding unadjusted series.
2. The hourly earnings index has been discontinued.
§ See note "§" for p. S-10.
0 Production and nonsupervisory workers.
J Earnings in 1982 dollars reflect changes in purchasing power since 1982 by dividing by
Consumer Price Index. Effective Feb. 1990 SURVEY, this series has been revised back to 1985
to reflect new seasonal factors for the CPI-W. Revised data are available upon request.

S-34

SURVEY OF CURRENT BUSINESS

§§ Wages as of Oct. 1, 1990: Common, $18.45; Skilled, $24.27.
f Excludes farm, household, and Federal workers.
@ Effective with the April 1990 SURVEY, the employment cost index is based on June
1989=100, rather than June 1981=100. Historical data for both June 1989 and June 1981 bases
are available from the Bureau of Labor Statistics, Division of Employment Cost Trends, 441 G
Street, N.W., Washington, DC 20212.
tt These series were affected by an error in the Sept. 1990 SURVEY. The stub for "Transportation equipment" was omitted. Hourly earnings for "Transportation equipment" were shown
following the stub for "Electronic and other electrical equipment". Hourly earnings for "Electronic and other electrical equipment" were shown following the stub for "Industrial machinery
and equipment". Hourly earnings for "Industrial machinery and equipment" were shown following the stub for "Machinery, except electrical", which was the former name for that industry
(SIC 35).

Page S-13
1. Effective Feb. 28, 1989, there was a break in the series due to the enlargement of the
panel of reporting dealers to 17 and of reporting direct issuers to 36. End of month figures on
the old basis are as follows: All issuers, 481,734; financial companies, 373,717; dealer placed,
172,330; directly placed, 201,387; and nonfinancial companies, 108,017.
2. Average for Dec.
# Includes data for items not shown separately.
§ Excludes loans and federal funds transactions with domestic commercial banks and includes
valuation reserves (individual loan items are shown gross; i.e., before deduction of valuation
reserves).
J Covers 50 States and the District of Columbia. Only regular benefits are included.
<3> Average weekly insured unemployment for 12-month period divided by average monthly
covered employment (lagging 4 full quarters for annual figure and 2 full quarters for monthly
figure).

f Effective Oct. 1989 SURVEY, loans by loan type are provided by the Federal Farm Credit
Banks Funding Corporation.
0 Effective with the April 1990 SURVEY, the reserves of depository institutions have been
revised back to 1984 and are available upon request.

Page S-14
1. Data are for fiscal years ending Sept. 30 and include revisions not distributed to the
months.
2. Weighted by number of loans.
3. Beginning Feb. 1988, data suspended by the Farm Credit Administration, which is revising
the information it collects and amending the reports it distributes.
§ Effective Mar. 1990 SURVEY, data have been revised to reflect new benchmark and seasonal
adjustments and are available from the Banking and Money Market Statistics Section of the
Division of Monetary Affairs at the Federal Reserve Board, Washington, DC 20551.
# Includes data for items not shown separately.
0 Excludes loans to commercial banks in the U.S.
t Rates on the commercial paper placed for firms whose bond rating is Aa or the equivalent.
it Courtesy of Metals Week.
@ Average effective rate
t Effective May 1990 SURVEY, the consumer installment credit series have been revised back
to 1980 to incorporate new information and updated seasonal adjustment factors. These revisions
are available upon request.
# Series first shown in the June 1990 SURVEY.
f t This series, first shown in the June 1990 SURVEY, represents the outstanding balances of
loans that the loan originator has sold and are no longer carried on the loan originator's books.
The loans are pooled and securities are issued on the pools.

Page S-15
1. Beginning Jan. 1989, the primary public offering statistics have been discontinued by the
Securities and Exchange Commission.
f Effective Feb. 1990 SURVEY, the money stock measures and components have been revised
and are available from the Banking Section of the Division of Research and Statistics at the
Federal Reserve Board, Washington, D.C. 20551.
Jt Includes ATS and NOW balances at all depository institutions, credit union share draft
balances, and demand deposits at thrift institutions.
0 Overnight (and continuing contract) RP's are those issued by commercial banks to the
nonbank public, and overnight Eurodollars are those issued by Caribbean branches of member
banks to U.S. nonbank customers.
@ Small time deposits are those issued in amounts of less than $100,000. Large time deposits
are those issued in amounts of $100,000 or more and are net of the holdings of domestic banks,
thrift institutions, the U.S. Government, money market mutual funds, and foreign banks and
official institutions.
# Includes data for items not shown separately.

Page S-16
1. The railroad average was discontinued by Moody's on July 13, 1989. Therefore, the July
average reflects only eight working days.
@ See note "4" for p. S-19 regarding the new commodity classification systems introduced
Jan. 1989. Data may not equal the sum of the geographic regions, or commodity groups and
principal commodities, because the revisions to the totals are not reflected in the component
items.
§ Number of issues represents number currently used; the change in number does not affect
the continuity of the series.
J For bonds due or callable in 10 years or more.
# Includes data for items not shown separately.




October 1990

t Effective with the Mar. 1990 SURVEY, seas. adj. exports and imports have been revised
back to Jan. 1988, and are available upon request.

Page S-17
1. Beginning with Jan. 1989 data, undocumented exports to Canada are now included,
resulting in a break with Dec. 1988 data.
2. Beginning Jan. 1989, buses are excluded from "Motor vehicles and parts" and included
in "Other manufactured goods," resulting in a break with Dec. 1988 data.
@ See note "@" for p. S-16.
t See note "f" for p. S-16.
# Includes data not shown separately.
0 Data include undocumented exports to Canada, which are based on official Canadian
import totals.

Page S-18
1. Reported annual total; quarterly or monthly revisions are not available.
2. For month shown.
3. Beginning Aug. 1989, the export and import indexes have been discontinued by the Census
Bureau.
# Includes data for items not shown separately.
§ Total revenues, expenses, and income for all groups of carriers also reflect nonscheduled
service.
J The threshold for Class I railroad status is adjusted annually by the Interstate Commerce
Commission to compensate for inflation.
0 Average daily rent per room occupied, not scheduled rates.
## Data represent entries to a national park for recreational use of the park, its services,
conveniences, and/or facilities.
f Before extraordinary and prior period items.
@ Changes in these unit value indexes may reflect changes in quality or product mix as well
as price changes.
f t Effective with the Dec. 1989 SURVEY, data for 1981-88 have been revised and are available
upon request.
it Effective with the Mar. 1990 SURVEY, data for 1985-89 have been revised and are available
upon request.

Page S-19
1. Reported annual total; monthly or quarterly revisions are not available.
2. Less than 500 metric tons.

3. Figure suppressed because it did not meet Census publication standards.
4. Beginning with 1989 data, merchandise trade data are based upon two new commodity
classification systems; the International Harmonized System and, Revision 3 of the Standard
International Trade Classification and, as a result, data may not be directly comparable to 1988
and earlier years.
# Includes data for items not shown separately.
§ Data are reported on the basis of 100 percent content of the specified material unless
otherwise indicated.
t Effective with the Jan. 1990 SURVEY, revisions for 1987-88 are available upon request.

Page S-20
1. Reported annual total; monthly or quarterly revisions are not available.
2. Quarterly data are no longer available.
3. See note 4 for p. S-19.
§ Data are not wholly comparable from year to year because of changes from one classification
to another.
@ Includes less than 500 electric generation customers not shown separately.
J Effective with the Jan. 1990 SURVEY, revisions for 1987-88 are available upon request.
<> Effective with the Dec. 1989 SURVEY, revisions for 1987-88 are available upon request.

Page S-21
1. Previous year's crop. New crop is not reported until Sept. (crop year: Sept. 1-Aug. 31
2. Crop estimate for the year.
3. Stocks as of June 1.
4. Stocks as of June 1 and represents previous year's crop; new crop not reported until June
(beginning of new crop year).
5. Series has been discontinued.
6. Stock estimates are available once a year as June 1 stocks and shown here in the May
column and (as previous year's crop) in the annual column.
7. Stocks as of Dec. 1.
8. See note 4 for p. S-19.
§ Excludes pearl barley.
@ Quarterly data represent the 3-month periods Dec.-Feb., Mar-May, June-Aug., and Sept.Nov. Annual data represent Dec.-Nov.
1 Coverage for 21 selected States, representing approximately 85 percent of U.S. production.

Page S-22
1. Series has been discontinued.
2. See note 4 for p. S-19.
§ Cases of 30 dozen.

Page S-23
1. Crop estimate for the year.
2. Reported annual total; revisions not distributed to the months.
3. Data suppressed because they did not meet Census publication standards.
4. See note 4 for p. S-19.
# Totals include data for items not shown separately.

Page S-24
1. Reported annual total; monthly revisions are not available.
2. See note 4 for p. S-19.
3. Less than 500 tons.
4. Beginning in 1990, monthly data have been discontinued. Annual data will continue to
be available.

Page S-25
1. Reported annual total; monthly revisions are not available.
2. For month shown.
3. Effective with Jan. 1989, import data are for consumption; earlier periods of data are
General imports. See also note 4 for p. S-19 regarding the introduction of new classification
systems.
4. Beginning in 1990, monthly data have been discontinued. Annual data will continue to
be available.
@ Includes foreign ores.
§ Source: Metals Week.

Page S-26
1. Reported annual total; monthly revisions are not available.
2. Less than 50 tons.
3. See note 3 for p. S-25.
0 Includes secondary smelters' lead stocks in refinery shapes and in copper-base scrap.
\ Source for monthly data: American Bureau of Metal Statistics. Source for annual data:
Bureau of Mines.
# Includes data not shown separately.
f Includes bookings (new orders) for automatic guided vehicles, automated storage and
retrieval systems, below hook lifters, cranes, hoists, monorails, racks, shelving, casters and floor
trucks, and conveyors.
@@ Price represents North American Mean.
@ Effective with the Sept. 1990 SURVEY, the new orders index numbers have been converted
to a new base year of 1987=100. Data back to 1988 are available upon request.

Page S-27
1. Annual total includes revisions not distributed to the months.
2. See note 4 for p. S-19.
3. Beginning in 1990, quarterly data have been discontinued. Annual data will continue to
be available.
# Includes data for items not shown separately.
§ Includes nonmarketable catalyst coke.
0 Includes small amounts of "other hydrocarbons and alcohol new supply (field production),"
not shown separately.
tt March, June, September and December are five-week months. All others consist of four
weeks.

Page S-28
1. Reported annual total; revisions not allocated to the months.
2. See note 4 for p. S-19.
# Includes data for items not shown separately.




S-35

SURVEY OP CURRENT BUSINESS

October 1990

Page S-29
1. Reported annual total; revisions not allocated to the months.
2. See note 4 for p. S-19.
0 Source: American Paper Institute. Total U.S. estimated consumption by all newspaper
users. See also note "f" for this page.
# Compiled by the American Newspaper Publishers Association.
t Effective with the March 1990 SURVEY, Canadian newsprint statistics have been revised
back to Jan. 1982 to exclude supercalendered and some soft-nip calendered paper that was
originally classified as newsprint and is now classified as uncoated groundwood papers. This
revision also affects estimated consumption. Revised data are available upon request.

Page S-30
1. Reported annual total; revisions not allocated to the months.
2. Data are being withheld to avoid disclosing data from individual firms.
3. Data cover five weeks; other months, four weeks.
4. Beginning Jan. 1989, sales of industrial plasters are included with building plasters.
5. Nov. 1 estimate of the 1990 crop.
# Includes data for items not shown separately.
<> Cumulative ginnings to the end of month indicated.
§ Bales of 480 Ibs.

Page S-31
1. Less than 500 bales.
2. Annual total includes revisions not distributed to the months.
3. Average for crop year; Aug. 1-Jul. 31.
4. For five weeks; other months four weeks.
5. See note 4 for p. S-19.
6. Beginning in 1990, data are available only on a quarterly basis.
0 Based on 480-lb. bales, preliminary price reflects sales as of the 15th; revised price reflects
total quantity purchased and dollars paid for the entire month (revised price includes discounts
and premiums).
§ Bales of 480 Ibs.
t The totalmav include some miscellaneous wool imports.
* Series first shown in the July 1990 SURVEY.

Page S-32
1. Annual total includes revisions not distributed to the months.
2. Production of new vehicles (thous. of units) for Sept. 1990: passenger cars, 553; trucks
and buses, 313.
3. Data are reported on an annual basis only.
4. See note 4 for p. S-19.
5. Beginning Jan. 1989, shipments of trailer bodies are included with trailer chassis to avoid
disclosure of data from individual firms.
6. Effective with the August 1990 SURVEY, data have been revised back to 1987 and are
available upon request.
# Total includes backlog for nonrelated products and services and basic research.
§ Domestics comprise all cars assembled in the U.S. and cars assembled in Canada and
imported to the U.S. under the provisions of the Automotive Products Trade Act of 1965. Imports
comprise all other cars.
<0> Courtesy of R.L. Polk & Co.; republication prohibited. Because data for some States are
not available, month-to-month comparisons are not strictly valid.
* Series first shown in the August 1990 SURVEY.
t Includes some imported trucks over 10,000 Ibs. GVW.
| Excludes railroad-owned private refrigerator cars and private line cars.

S-36

SURVEY OF CURRENT BUSINESS

October 1990

Index to Current Business Statistics
Sections
Business indicators
Commodity prices
Construction and real estate
Domestic trade
Labor force, employment, and earnings..
Finance .
Foreign trade of the United States . . . . . . . . . '.'.'.'.'.'.'.'.'
Transportation and communication

1-5
5, 6
7,8
8,9
9-13
13-16
16-18
18,19

Industry:
Chemicals and allied products
Electric power and gas
Food and kindred products; tobacco
Leather and products
Lumber and products
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and paper products
Rubber and rubber products
Stone, day, and glass products
Textile products
Transportation equipment

19, 20
20
20-23
23
23,24
24-27
27, 28
28, 29
29
30
30-32
32

Footnotes.

32-35

Individual Series
Advertising
Aerospace vehicles..
Agricultural loans...
Air carrier operations.
Air conditioners (room) .
Aircraft and parts
Alcohol, denatured and ethyl
Alcoholic beverages
Aluminum
Apparel
Asphalt
Automobiles, etc
Banking
Barley
Battery shipments
Beef and veal
Beverages
Blast furnaces, steel mills
Bonds, issued, prices, sales yields
Brass and bronze
Brick
Building and construction materials
Building costs
Building permits
Business incorporation (new), failures
Business sales and inventories
Butter

8, 12
32
13
18
27

4, 5,32
19
8,20
25
2, 4-6, 8-12, 31, 32
28
2-4, 6, 8, 9,14, 15,17, 32
13,14
21
27
22
8,17, 20
3-5
15,16
26
30
2,4, 5
7
7
5
2, 3
21

Carpets
31
Cattle and calves
22
Cement
30
Chain-store sales, firms with 11 or more stores
9
Cheese
21
Chemicals
2-4,10-12,15,17,19, 20
Cigarettes and cigars
23
Clay products
2-4, 30
Clothing (see apparel)
Coal
2, 27
Cocoa
22
Coffee
22
Coke
27
Combustion, atmosphere, heating equipment
26
Communication
15,19
Construction:
Contracts
7
Costs
7
Employment, unemployment, hours, earnings
10-12
Housing starts
7
New construction put in place
7
Consumer credit
Consumer goods output, index
Consumer Price Index
Copper and copper products
Corn
Cost of living (see Consumer Price Index)
Cotton, raw and manufactures
Credit, commercial bank, consumer
Crops
Crude oil
Currency in circulation
Dairy products
Debt, U.S. Government
Deflator, PCE
Department stores, sales, inventories
Deposits, bank
Dishwashers and disposers




1
20
1, 15

Disposition of personal income .

General:

14
1,2
5,6
25, 26
21
5, 6
5,30,31
14
5,21-23, 30
3, 27
15
5, 2114
1
9
13,15
27

Distilled spirits
Dividend payments
Drugstores, sales
Earnings, weekly and hourly
Eating and drinking places
Eggs and poultry
Electric power
Electrical machinery and equipment
Employee-hours, aggregate, and indexes
Employment and employment cost
Exports (see also individual commodities)

12
8, 9
5, 22
2, 20
2-5,10-12,15, 27
11
10-12
16-18

5
5,6
17
14
13
13
19
22
24
22
26

Failures, industrial and commercial.
Farm prices
Fats and oils
Federal Government finance
Federal Reserve System
Federal Reserve member banks...
Fertilizers

Rsh
Flooring, hardwood
Rour, wheat
Ruid power products.
Food products
Foreign trade (see also individual commod.)
Freight cars (equipment)
Fruits and vegetables
Fuel oil
Fuels
Furnaces
Furniture

2-6, 8,10-12,15,17, 20-23
16-18
32
5
6, 28
2, 6, 17, 27, 28
27
2, 6, 8-12

Gas, output, prices, sales, revenues
Gasoline
Glass and products
Glycerin
Gold
Grains and products
Grocery stores
Gypsum and products
Hardware stores
Heating equipment
Help-wanted advertising index
Hides and skins
Hogs
Home loan banks, outstanding advances
Home mortgages
Hotels, motor hotels, and economy hotels
Hours, average weekly
Housefurnishings
Household appliances, radios, and television sets .
Housing starts and permits
Imports (see also individual commodities)
Income, personal
Income and employment tax receipts
Industrial production indexes:
By industry
By market grouping
Installment credit
Instruments and related products
Interest and money rates
Inventories, manufacturers' and trade
Inventory-sales ratios
Iron and steel

2,6, 20
28
30
19
14
5, 21, 22
9
30

26
12

22

18
11

. 2, 4-6, 8, 9
27
7
17,18
1
14
1,2
1,2
14
2-4,10-12
14
3, 4, 8, 9
3
2,15, 24, 25

Labor force
9,10
Lamb and mutton
22
Lead
26
Leather and products
2, 6,10-12,23
Livestock
5, 22
Loans, real estate, agricultural, bank (see also Consumer credit)
8,13
Lubricants
28
Lumber and products
2, 6,10-12, 23,24
Machine tools
26
Machinery
2-6,10-12,15,17,26,27
Manufacturers' sales (or shipments), inventories, orders
3-5
Manufacturing employment, unemployment, production workers,
hours, earnings
Manufacturing production indexes
Meat animals and meats
Medical care
Metals
Milk
Mining
Mobile homes, shipments, installment credit
Monetary statistics
Money and interest rates
Money supply
Mortgage applications, loans, rates
Motor carriers
Motor vehicles

10-12
1,2
5, 22
6
2-6, 10-12, 15, 24-26
21
2,10-12
7,14
15
14
15
8,13,14
18
2-4, 6, 8, 9,15,17, 32

National parks, visits
Newsprint
New York Stock Exchange, selected data
Nonferrous metals
Oats
Oils and fats
Orders, new and unfilled, manufacturers'
Outlays, U.S. Government

18
29
16
2, 4,5,15, 25, 26
21
17
4, 5
14

Paint and paint materials
20
Paper and products and pulp
2-4, 6,10-12,15, 28, 29
Parity ratio
5
Passenger cars
2-4, 6, 8,9,15,17,32
Passports issued
18
Personal consumption expenditures
1
Personal income
1
Personal outlays
1
Petroleum and products
2-4,10-12,15,17, 27, 28
Pig iron
24
Plastics and resin materials
20
Population
(*49
Pork
22
Poultry and eggs
5, 22
Price deflator, implicit (PCE)
1
Prices (see also individual commodities)
5,6
Printing and publishing
2,10-12
Private sector employment, hours, earnings
10-12
Producer Price Indexes (see also individual commodities)
6
Profits, corporate
15
Public utilities
1, 2, 7,15,16, 20
Pulp and pulpwood
28
Purchasing power of the dollar
6
Radio and television
Railroads
Ranges and microwave ovens
Rayon and acetate
Real estate
Receipts, U.S. Government
Refrigerators
Registrations (new vehicles)
Rent (housing)
Retail trade
Rice
Rubber and products (incl. plastics)
Saving, personal
Savings deposits
Savings institutions
Securities issued
Security markets
Services
Sheep and lambs
Shoes and other footwear
Silver
Spindle activity, cotton
Steel and steel manufactures
Stock market customer financing
Stock prices, yields, sales, etc
Stone, day, glass products
Sugar
Sulfur
Sulfuricacid
Superphosphate
Synthetic textile products
Tea imports
Telephone carriers
Television and radio
Textiles and products

Tin
Tires and inner tubes
Tobacco and manufactures
Tractors
Trade (retail and wholesale)
Transit lines, urban
Transportation
Transportation equipment
Travel
Truck trailers
Trucks

8, 27
13,16,18, 32
27
31
8,13
14
27
32
6
2, 3, 5, 8-12,14, 32
21
2-4, 6,10-12, 29
1
13
8,14
15
15,16
6,10-12
22
23
14
31
24,25
15
16
2-4,10-12,15, 30
23
19
19
19
31
23
19
27
2-4,10-12,15,30-32

26
^
2-4,10-11 j
'27
'2, 3, 5, 8-12,32
18
6,10-12,15,16,18
2-6,10-12,15,17, 32
18
32
.'.'.'.'
2, 32

Unemployment and insurance
U.S. Government bonds
U.S. Government finance
Utilities
Vacuum cleaners
Variety stores
Vegetables and fruits

9,10,13
16
15
2, 6, 7,15, 16, 20
27
9
5

Wages and salaries
Washers and dryers
Water heaters
Wheat and wheatflour
Wholesale trade
Wood pulp
Wool and wool manufactures
Zinc

1,12
27
27
21,22
2,3, 5, 8,10-12
28
31
26

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Merchandise Trade (balance of payments basis), 3d quarter 1990
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Summary of International Transactions, 3d quarter 1990
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Personal Income and Outlays, November 1990
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Release
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Nov.
Nov.
Nov.
Nov.
Nov.
Dec.
Dec.
Dec.
Dec.
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27
28
28
29
30
11
19
19
20
28