Full text of Survey of Current Business : September 1966
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SEPTEMBER 1966 / VOLUME 46 NUMBER
OF
CONTENTS
U.S. Department of Commerce
John T« Connor / Secretary
THE BUSINESS SITUATION
Summary
1
Capital Spending Programs in Second Half of 1966
3
Manufacturers' Inventory and Sales Expectations
in Second Half 1966
8
National Income and Product Tables
11
Office of Business Economies
George Jaszi / Dime tor
Morris R. Goldman Louis J. Paradiso
Associate Directors
Murray F. Foss / Editor
Leo V* Barry, Jr. / Statistics Editor
Billy Jo Hurley / Graphics
ARTICLES
The Balance of International Payments:
Second Quarter 1966
14
Foreign Investments, 1965-66
30
CURRENT BUSINESS STATISTICS
General
S1-S24
Industry
STAFF CONTRIBUTORS TO THIS ISSUE
Business Review*
David R. Hull, Jr.
Francis L, Hirt
Donald A. King
Genevieve B. Wimsatt
Marie P. Hertzberg
Articles:
Walther Lederer
Evelyn M, Parrish
Samuel Pizer
Frederick Cutler
S24-S40
Subject Index (Inside Back Cover)
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the BUSINESS SITUATION
CHART 1
Business Investment
Further increase anticipated this year in
plant and equipment spending
Billion $
70!
PLANT AND EQUIPMENT fXPEtWURES \
60
50
j L
S
9
ffl
®
1962 63 64 65
O
66*
1965
1966
Quarterly, Seasonally Adjusted
at Annual Rates
Residential construction activity is moving down
40
PRIVATE
RESIDENTIAL OUTLAYS
Inventory investment high
15
CHANGE IN NONFARM BUSINESS IIVENTORIES
10-
1962 63 64 65
1965
* Anticipated
** Estimated by QBE
U.S. Department of Commerce, Office of Business Economics
'
1966
Quarterly, Seasonally Adjusted
at Annual Rates
Data: OBE.SEC
66-9-1
1HE PRESIDENT'S proposals on
September 8 to. slow down the growth
in business fixed investment and government outlays in order to reduce inflationary pressures and alleviate the
burden on monetary policy were made
in a setting of strongly rising output
and demand and continued pressure
on productive resources. In August,
key measures of business activity—
personal income, nonfarm employment,
and industrial production—again rose
to new peaks, and retail sales exceeded
the record rate of last March. It
seemed fairly certain that GNP would
show a greater rise in the third quarter
than in the second, as defense purchases
and business outlays for new plant and
equipment continued to rise and as
consumer demand moved ahead at a
faster rate than in the spring.
The emphasis of the President's
proposals was on fiscal policy. Two of
the proposed measures would dampen
present incentives for business investment in plant and equipment. First,
the 7 percent investment tax credit
would be temporarily suspended effective September 1, 1966, for a period of
16 months. All orders placed for
machinery and equipment during this
period, regardless of delivery date,
would be affected by the suspension.
Second, the use of accelerated depreciation on all buildings and structures
started or transferred on or after
September 1, 1966, would also be suspended until January 1, 1968. The
President also indicated that he would
take strong measures to reduce expenditures on lower priority Federal programs. In addition to these fiscal pro-
posals, the President urged the Federal
Reserve and the large commercial
banks to lower interest rates and to
ease the burden of tight money.
Business fixed investment was one
of the focal points of the President's
proposals because it had already risen
to such high levels and because further
advances were scheduled for the near
future. According to the OBE-SEC
survey, conducted in late July and
August, plant and equipment expenditures rose $2 billion (annual rate) in
the second quarter and were expected
to rise an additional $3J£ billion by
the fourth. In addition, the survey
indicated that as of midyear the proportion of manufacturing firms that
considered their capacity insufficient for
current and prospective short-run requirements was at a virtual peak.
In contrast to plant and equipment,
homebuilding activity has continued to
fall sharply, chiefly as a result of the
stringent credit situation. In July,
private nonfarm housing starts dropped
to a seasonally adjusted annual rate of
1.04 million units, down from June
starts of 1.25 million units and 30 percent below the first quarter rate of about
1.5 million units. Starts for all types
of housing—single family homes, duplexes, and small and large apartments—have been affected. Furthermore, the recent change in housing
permits, which lead starts by about
1 month, suggests still more deterioration in starts. In July, new permits
declined to a rate of about 900,000
units, the lowest rate since at least
1959. Reflecting the declining trend
in starts this spring and summer,
1
SUEVEY OF CURRENT BUSINESS
residential construction outlays fell large quarterly increases in late 1965$% billion (seasonally adjusted annual early 1966.
rate) from July to August and were
Durable goods manufacturing inheaded for another large drop in Sep- dustries and Government accounted
tember.
for the bulk of the employment increase
Some potential relief may be in sight in August. Of the 150,000 new emfor homebuilders, however, as a result ployees added to manufacturing payof new legislation in September au- rolls, 140,000 were in durable goods
thorizing the Federal National Mort- manufacturing—mainly in the five
gage Association (FNMA) to borrow major metals and metal-using in$3.7 billion to buy existing mortgages. dustries. Government employment was
This would provide funds for lenders up by 80,000 persons from July, and
to extend new mortgage financing. the service industries added about
FNMA would also have $1 billion for 30,000 persons to their payrolls. Transemployment
decreased
direct investment in mortgages. To portation
avoid adding to money market pres- slightly as the airline strike lasted
sures, FNMA would borrow from through most of August.
Gains in employment have nearly
Government trust accounts rather than
paralleled the rise in the labor force
in the open market.
Business inventory investment was this summer, and the unemployment
unusually large in the second quarter rate has changed relatively little. In
of 1966, but the rate of accumulation, both July and August, the rate was 3.9
while still substantial, slowed somewhat percent, about the same as the second
in July. On a seasonally adjusted quarter average and only a little above
basis, manufacturers' inventories in- the post-1953 low of 3.7 percent
creased nearly $1 billion from June to
July, but this rise was slightly offset
by a decline in retail trade inventories—
CHART 2
mainly at new car dealers.
Personal income up
Rise in Industrial Production
Continues...
Personal income rose $5 billion in Index, 1957-59=100
180
August to a seasonally adjusted annual
rate of $585 billion. Increases in labor
income were widespread, but farm 160
income continued the decline that has
been underway since March. Con- 140
tributing to the unusually large increase
in total income for the month was a 120
$1.5 billion advance in transfer paymen ts, reflecting mainly the rising flow
of payments under the Medicare pro- 100 L...II t't...Ht'.t..fr 1/i t't..i..t.il i'i ! . . < • ( i J i i'i.lVt:t i « I tj_LLJ_LLLlk
Paced by large gains in business and defense
gram.
equipment
Wages and salaries rose $3 billion
in August. Payrolls advanced in manu- 180
facturing, trade, services, and Government but declined in contract con- 160
Business and Defense Equipment
struction. The rise in payrolls was a
result of a pickup in weekly hours of 140
work in manufacturing, the first since
Consumer Goods
last winter, and a 210,000 increase
120
in nonfarm establishment employment.
The August employment rise brought
i1
the increase over May to 780,000, a 100 _U-U-LJi3 j,JJ, ^'|||| ,}, ' 1964J-lJ
1963
1965
1966
Seasonally Adjusted
large gain for a 3-month period, but
Data: FRB
somewhat less than the exceptionally
66-9-2
U.S. Department of Commerce, Office of Business Economics
!
l
r
l
l
September 1966
reached in February and again in April.
The job situation continues to be very
tight for skilled workers, but unemployment rates for semiskilled and
unskilled workers have edged up slightly
this summer.
Industrial production rises
Industrial production has shown an
uninterrupted advance so far this year.
In August, the Federal Keserve Board
index rose to 158.3 percent of the
1957-59 average, up 0.6 percent from
July. Output of business and defense
equipment led the production advance
last month, as it has throughout most
of 1966, while output of consumer goods
remained relatively unchanged for the
fifth straight month (chart 2).
An earlier-than-usual shutdown for
model changeovers this year held auto
and truck assemblies in August to
210,000 units, the lowest for the month
in many years. On a seasonally adjusted basis auto output was somewhat
lower than in July and more than 15
percent below the second quarter rate.
Production of the 1967 model cars got
underway in mid-August, and by the
first week of September, output reached
an average of about 35,000 cars and
trucks per day, up from 8,000 for the
week ended August 20. With assembly lines rapidly swinging into full
production, September output, according to present schedules, is expected to
total about 700,000 passenger cars and
140,000 trucks.
Retail sales at new peak
Consumers appear to be in a freespending mood once again, following
the declines in retail sales in April and
May. Retail sales in August, after
seasonal adjustment, rose for the third
straight month, according to advance
reports, making it fairly certain that
consumer expenditures in the third
quarter will show a substantial rise over
the second.
Factory-sponsored sales incentive
campaigns helped retail auto dealers
boost their seasonally adjusted annual
sales rate of domestically produced
passenger cars to 8.5 million in August
from 8.1 million in July. Combined
sales for July and August, although still
(Continued on page 10)
Capital Spending Programs in Second Half of 1966
IE
THI latest survey of business intentions
$2 billion from the previous quarter.
(conducted in late July and August) Further increases, to $61.6 billion and
again indicates that business invest- $63.6 billion, are anticipated in the
ment in new plant and equipment will third and fourth quarters, according
rise strongly throughout the rest of to the OBE-SEC survey.
1966. Expenditures in the second
Expenditures for 1966 as a whole are
quarter totaled $60.1 billion at a currently scheduled at $60.9 billion, 17
seasonally adjusted annual rate, up percent more than in 1965; every major
industry expects higher outlays this
year, the increases ranging from 10
percent for commercial companies to
CHART 3
almost 30 percent for the nonrail transportation group (table 1). For all
Investment in New Plant and Equipment
industries combined, the anticipated in• 1966 programs have shown little change
crease over last year is about the same
between February and August
as that reported in the May survey and
• Expenditures are expected to be 17 percent
above 1965
about 1 percent above that reported
Billion $
in the February survey. The negli80
gible change in annual programs from
TOTAL BUSINESS
May to August is in contrast to recent
As Anticipated in
experience: During the 2 preceding
Feb. 1966 May 1966 Aug. 1966
60
years, the totals for the year were revised upward with each successive
survey.
The fact that total investment for
the full year did not change over the
past 3 months is due to a balancing of
further upward revisions in the capital
budgets of durable goods manufacturers, public utilities, nonrail transportation, and mining firms with downward
revisions in other industrial sectors.
MANUFACTURING
Within durable goods manufacturing,
the largest increases from the earlier
20
survey occurred among primary metals
and nonautomotive transportation
equipment producers; nonelectrical
machinery firms, on the other hand,
reported a reduction in spending plans
NONMANUFACTURING
for 1966.
40
Notable among the industrial groups
that have reduced 1966 plans from 3
months ago are petroleum and textile
20
producers and trade and service firms.
Quarterly patterns
1966
Data: OBE-SEC
U.S. Department of Commerce, Office of Business Economics
66-9-3
Last year, quarterly increases in
outlays averaged 4 percent, and in
the first 3 months of 1966, expenditures
rose almost 5 percent. The 3K percent
rise in outlays in the second quarter
of this year is expected to be followed
by a rise of 2% percent in the third
quarter and 3 percent in the fourth.
Many industries are showing the
same pattern of quarterly change this
year: Smaller rates of increase in
the last two quarters of 1966 than
in the first two. In manufacturing,
durable goods companies reported a
$700 million increase in their annual
rate of spending in the second quarter;
a $500 million rise is planned in the
third quarter, but very little change
in spending is expected in the final
period of the year. Nondurable goods
producers increased their expenditures
by $500 million in the second quarter
and have scheduled successive increases
of about $250 million and $500 million
in the final two quarters of this year.
Nonmanufacturing industries as a
group anticipate rising investment
Table 1.—Percent Change in Plant and
Equipment Expenditures; 1964-66
Actual
196465
Actual, 1965 to
anticipated 1966
as reported in
Feb- May
ruary
All industries l
August
15.7
15.9
17.0
17.1
20.8
19.1
20.4
20.6
Durable goods 1
_ _ _ _ _ _
Primary metals
Machinery
Transportation equip ment__.
Stone, clay, and glass.-
20.9
20.0
32.6
27.8
14.9
18.4
9.8
67.4
48.0
11.3
20.9
8.0
78.7
49.3
6.6
22.5
12.3
31.1
20.8
9.1
Nondurable goods *
Food and beverage __
Textile
Paper
_ _
Chemical
Petroleum
20.7
16.5
29.8
20.0
31.7
13.7
19.9
18.5
37.1
28.6
15.7
15.4
19.8
16.0
29.7
29.9
14.3
17.5
18.7
18.3
22.7
33.5
14.5
13.9
9.3
16.3
Manufacturing _ _
_
_
23.1
Transportation, other than rail- 18.4
Public utilities
11.7
Communications
9.2
12.1
5.5
18.2
13.1
12.0
24.3
28.7
15.8
15.1
17.5
Il3.3
Mining __
Railroad
12.4
11.2
15.0
Commercial and other
8.8
1. Includes industries not shown separately.
Source: U.S. Department of Commerce, Office of Business
Economics, and Securities and Exchange Commission.
SURVEY OF CUEEENT BUSINESS
throughout 1966, but the patterns interrupted by a decline in the third
vary widely among the different in- quarter and then to be resumed in the
dustries. Nonrail transportation firms fourth quarter with a substantial
have programed a steady rise in cap- advance.
ital outlays. Electric and gas utilities
substantially increased expenditures in New proposals to restrain investment
boom
the first quarter, maintained this rate
of spending in the second quarter,
In the first half of 1966, investment
and project lower spending in the in plant and equipment accounted for
last two quarters of the year. Com- a higher proportion of real GNP than
munication and commercial firms in- at any other time since the early postcreased spending moderately in the war period. Such investment has been
second quarter and anticipate some- increasing faster than output since early
what larger increases in the third and 1963, and late last year, it surpassed the
fourth quarters. Investment by mining portion of GNP reached at the height of
companies has been relatively stable the 1956-57 capital goods boom. If the
thus far this year and no significant business spending intentions embodied
change is anticipated for the remainder in the current survey eventuate, the
of 1966. Expectations are for the proportion may rise further in the
rise in investment by railroads to be second half of 1966.
CHART 4
September 1966
In an economy that is operating close
to capacity and that has critical shortages of skilled labor and materials, the
immediate effect of the current investment boom has been to aggravate the
supply situation, lengthen delivery
schedules, and put upward pressure on
interest rates and the costs of capital
goods. Given these conditions and
indications that investment will continue to rise in the near term, the President on September 8 proposed a multifaceted program to reduce inflationary
pressure and bring total demand to a
more balanced and sustainable level.
The President recommended, among
other things, that Congress suspend the
investment tax credit and the use of
accelerated depreciation on buildings
and structures from September 1, 1966,
until the end of 1967. It is estimated
that the investment tax credit on 1966
investment is somewhat over $2 billion.
Plant and Equipment Expenditures
Billion $
(Ratio Scale)
^Mi^KMS^^^rmm.
,
7
_,_,,„,.,_ s^^ll*^^'^'
_....,~,—-
Billion $
'.;^ gCprftujmc^tiop :arid
^:'^;2\<^pi!terciali^- ,-._-•
>:?f«^^
^f^^!
i.o
;
1SJSIS3;M^
>V;P^1S£^^
- H'.;'>(K
: r-T~!§ 4.0
i 'sr*
Xj^r P.,-C'"'.\^&->\\<*&.z&&; Vfcv.,1*?' >.;;. vV-" •'•' - --ispr0' :j^:!!j^^j^^j^f^^:i?(fi^*/V
- •*•'•'-A':-
' '
3.0
" ' "
^ Railroads
'
- 1 II
1961
63
64
65
66
1961
62
63
64
65
66
Quarterly Totals, Seasonally Adjusted at Annual Rates
o Anticipated
U. S. Department of Commerce, Office of Business Economics
Data: OBE-SEC
66-9-4
Manufacturing Investment
Manufacturing companies now expect
to invest $27.1 billion in 1966, 21 percent more than in 1965; durable goods
producers expect an increase of 23
percent, and nondurable goods producers, 19 percent, over last year.
For the full year programed expenditures for manufacturing as a whole are
unchanged from the May survey and
about 1 percent above the February
survey.
Spending by durable goods industries
totaled $13.9 billion in the second
quarter and is expected to be at a
seasonally adjusted annual rate of
$14.4 billion in both the third and the
fourth quarters. The quarterly trends
among the component industries are
diverse. Manufacturers of transportation equipment other than automobiles
expect second half expenditures to be
at rates slightly under actual expenditures in the second quarter, while
electrical and nonelectrical machinery
producers expect a generally risingtrend throughout this year. Programs
of iron and steel and motor vehicle
producers call for a relatively high rate
of spending in the closing 3 months.
SURVEY OF CURRENT BUSINESS
September 1966
completed projects on June 30, 1966, $200 million under the total in the first
reached $10.3 billion. All heavy goods quarter of this year and about the same
industries contributed to the rise over as in the second quarter of 1965. Starts
the year but only producers of nonau- by durable goods companies edged
tomotive transportation equipment re- down from the first quarter while
ported a higher value of carryover from those for nondurables rose slightly;
March to June. Among nondurable rough allowances for usual seasonal
goods producers, the mid-1966 carry- variations would yield the same moveover was higher than a year earlier for ments.
The value of new projects underevery industry except paper products.
Investment carryover and starts
However, only chemical companies in- taken in the second quarter declined in
Carryover, or expenditures yet to be creased carryover during the second the iron and steel and machinery inmade on projects already underway,
dustries and rose in the transportation
quarter.
remained relatively unchanged from
The value of new projects started equipment group. In other durable
the end of March to the end of June.
The June 30th carryover of $18.1 billion during a quarter may be estimated by goods industries, starts were unchanged.
was $2.1 billion higher than a year adding the change in the value of In nondurables, food and chemical
carryover during the quarter to ex- companies were primarily responsible
earlier.
Durable goods producers accounted penditures made during that quarter. for the second quarter rise in starts as
for $1.4 billion of this June-to-June In the second quarter, starts of new other groups reported little change from
rise in carryover, and the value of un- projects totaled $6.7 billion—about first quarter rates.
In nondurable goods, the food and
beverage, paper, chemical, and petroleum companies have scheduled moderately rising expenditures throughout
1966. Expenditures by the paper industry are expected to be one-third
larger this year than last, while increases in the other three groups range
from 14 to 18 percent.
Table 2.—Carryover of Plant and Equipment Projects, Manufacturing and Public Utilities 1
[Billions of dollars]
1962
Dec.
Manufacturing
Mar.
June
1965
19 64
1963
Sept.
Dec.
Mar.
June
Sept.
Dec.
11.88
Mar.
1966
June
Sept.
Dec.
15.99
June
Mar.
7.21
Nondurable goods 2 _ _
Food and beverage..
Textile
Paper
Chemical
Petroleum
_
._
_
_ _ ___
Public utilities ._
_
__
9.00
9.18
9.08
10.38
11.26
12.63
14.73
16.23
16.90
18.19
18.11
4.84
1.97
.37
.56
1. 10
.32
5.15
2.08
.36
.48
1 40
.30
5.25
2.27
.33
.40
1. 37
.32
5.05
2.23
.32
.31
1.36
.29
5.61
2.30
.33
.53
1.48
.33
5.95
2.56
.37
.48
1.63
.38
6.21
2.59
.41
.41
1.86
.39
6.62
2.74
.41
.43
2.02
.40
7.98
3.05
.51
.85
2.31
.52
8.82
8.89
3.34
3.38
.60
.63
.77 • • • . . . 8 0
2.85
2.73
.53
.53
9.25
3.52
.66
.78
2.91
.60
10.25
3.68
.89
1.31
2.88
.45
10. 29
3.60
.92
1.12
3.06
.48
3.23
.34
17
.36
1.03
1.02
3.78
.42
. 16
.52
1.01
1.32
3.85
.41
. 15
.56
1.01
1.40
3.94
.36
. 14
.61
1.11
1.41
4.03
.41
.20
.59
1.03
1.50
4.78
.42
.26
.61
1.26
1.90
5.31
.40
.28
.78
1.39
2.10
5.68
.40
.28
.77
1.61
2.23
6.01
.54
.29
.77
1.59
2.43
6.75
.60
.37
.88
1.74
2.62
7.10
.63
.46
.96
1.86
2.72
7.41
.78
.51
.97
1.90
2.80
7.66
.79
.54
. 99
1. 89
2.90
7.94
.78
.60
1.04
2.01
2.93
7.81
.77
.56
.94
2.15
2.80
5.07
_ _
8.61
3 99
1.66
.33
.25
87
.31
Durable goods 2
Primary metals
Electrical machinery
__ _
M achinery except electrical
Transportation equipment
Stone, clay, and glass
6.13
6.40
5.58
5.46
6.62
6.53
6.09
5.65
7.64
7.67
7.24
8.03
9.82
10.01
1. Carryover refers to expenditures yet to be incurred on plant and equipment projects
already underway.
2. Includes industries not shown separately.
Source: U.S. Department of Commerce, Office of Business Economics, and Securities and
Exchange Commission.
Table 3.—Starts of New Plant and Equipment Projects, Manufacturing and Public Utilities
]
[Billions of dollars]
Annual
19 63
1963
Manufacturing
1966
19 65
IS 64
1964
1965
I
II
III
IV
I
II
III
IV
I
II
III
IV
I
II
17.56
22 17
26 73
4 68
4 30
4 13
4 42
5 10
5 41
5 29
6 37
6 64
6 73
5 96
7.39
6.89
6.70
Durable goods 2
Primary metals
Electrical machinery
Machinery except electrical
Transportation equipment __
Stone, clay, and glass
8.91
2.22
68
1.31
2.09
.59
10.99
2.68
76
1 76
2.66
79
14.03
3.38
1 10
2 55
3 44
87
2.47
.63
20
59
.55
14
2.27
.51
17
22
70
14
2 06
64
14
21
39
17
2 12
46
18
30
45
14
2 48
50
16
55
49
19
2 65
77
20
36
63
22
2 63
58
20
34
77
18
3 24
84
20
52
78
20
3.62
.80
25
83
81
28
3.68
.89
29
43
1.21
21
2.84
.70
24
58
.56
20
3.90
.99
31
.72
.86
18
3.87
.76
.46
1.14
.59
.14
3.56
.68
.32
.49
.96
.25
Nondurable goods 2
__
Food and beverage
Textile
Paper
_ _ _ _
Chemical
Petroleum
8.64
1.04
.68
.95
1.61
1.26
11.17
1.19
84
1. 11
2.52
4 29
12.70
1.49
1 23
1 34
2.90
4 30
2.20
.30
14
30
.34
89
2.03
.25
17
°»i
.39
78
2.07
.20
14
24
.49
77
2.30
29
23
20
38
96
2 61
26
20
19
59
1 10
2 76
24
19
40
60
1 03
2 68
27
19
23
72
97
3 13
42
26
29
61
1 18
3.06
.35
32
34
.76
1 03
3.13
.47
31
.31
.67
1 05
3.49
.36
33
.35
.76
1 24
3.02
.30
.33
.35
.73
.97
3.15
.36
.28
.27
.90
.95
6 04
6 41
9 32
2 10
1 67
78
1 48
2 34
1 48
1 27
1 32
3 02
.32
28
34
.71
98
3 3Q
1 75
1 44
2 83
3. 38
2.28
Public utilities
_
1 Starts are estimated by adding changes in carryover to expenditures during the given
period.
2
Includes industries not shown separately.
Source: U.S. Department of Commerce, Office of Business Economics, and Securities and
Exchange Commission.
SURVEY OF CURRENT BUSINESS
6
Producers9 evaluation of capacity
Companies holding one-half of total
fixed assets in manufacturing reported
that their facilities as of June 30, 1966,
were inadequate relative to their current
and prospective sales over the next 12
months. This was about the same as
the proportion at the end of March, but
was 3 percentage points above a year
earlier. Although the proportions for
most industries rose over the year, only
metal fabricators and chemical companies showed a rise from March 1966.
The proportion of assets held by
firms reporting facilities in excess of
prospective needs continued quite low.
The 5 percent figure on June 30 compares with 4 percent on March 31 and
Manufacturers' Evaluation of Capacity Needs
The proportion of capacity judged inadequate as of
June 30 was about the same as the high March rate
Percent of Capital Assets
60
MORE PLANT AND EQUIPMENT NEEDED
6 percent on June 30, 1965. Facilities
regarded as adequate represented 45
percent of manufacturing assets in
mid-1966—the same as in March but
down from 47 percent a year earlier.
September 1966
lower unit costs. Technological improvements in equipment are also major
factors in the record investment programs of trucking companies. In other
nonrail transportation areas—such as
pipelines and water carriers—capital
outlays are being maintained at about
1965 levels.
Railroads expect to spend nearly
$2 billion this year, somewhat less than
was anticipated 3 months ago. As in
the previous 3 years, equipment accounts for all or most of the rise in
outlays; road expenditures are expected
to be about the same as in 1965. With
carloadings continuing to rise and with
railroad income in the second quarter
well above figures a year ago, the railroads have placed heavy orders for
freight cars and unfilled order backlogs
are at record levels.
Nonmanufacturing Outlays
Aggregate investment in this broad
group of industries is expected to total
$33.8 billion in 1966, up $4.3 billion or
14% percent from 1965. Programed
spending for the group as a whole was
unchanged from the May survey and
1 percent more than in February.
Nonrail transportation companies
have successively revised their programs upward with each survey this
year; they now expect outlays to rise
steadily throughout 1966 and to exceed
1965 expenditures by more than onefourth. Airlines are planning record
outlays this year to meet the rapidly
rising demand for passenger and freight
service and to increase the efficiency of
their operations with planes that provide greater speed and capacity at
Public utilities raise programs
In 1966, both gas and electric utilities
are scheduling investment increases of
more than one-sixth over 1965, and
outlays by communications companies
55
Table 4.—Manufacturers' Evaluation of Their Capacity
[Percent distribution of gross capital assets]l
45
19 54
1966
1965
Mar. 31 June 30 Sept. 30 Dec. 31 Mar. 31 June 30 Sept. 30 Dec. 31 Mar. 31 June 30
40
More plant and equipment needed
35
60
AH manufacturing
2
36
PLANT AND EQUIPMENT ADEQUATE
38
39
43
42
47
49
48
51
50
36
45
31
35
29
69
23
36
45
30
40
32
77
23
36
43
32
41
34
77
24
41
44
41
46
39
79
28
42
48
39
43
37
79
24
49
53
51
45
40
83
24
53
53
61
46
44
80
24
50
53
51
46
46
83
23
52
61
51
49
47
81
31
51
56
52
49
45
83
30
58
Durable boods
Primary metals 3
Metal fabricators
Nondurable goods. _
Food and beverage
Chemical
Petroleum
56
56
51
52
47
45
47
45
45
53
33
63
62
64
30
77
55
39
64
57
58
22
77
56
42
64
56
56
22
76
51
42
54
51
50
20
72
50
38
56
54
54
20
76
44
32
46
50
50
16
70
40
33
37
50
47
19
71
44
33
47
50
44
16
73
42
25
47
48
46
18
67
42
30
46
48
47
16
68
6
11
22
6
3
7
1
(*)
6
5
6
6
6
6
5
4
5
9
16
6
3
10
1
(*)
8
8
14
5
3
11
1
(*)
8
14
5
3
9
1
(*)
7
15
3
5
10
1
6
7
14
2
4
9
1
5
6
14
2
4
10
1
4
6
14
2
3
7
1
2
7
14
2
3
8
1
2
About adequate
All manufacturing
2
Durable goods
Primary metals 3
Metal fabricators
Nondurable goods
Food and beverage
Chemical
_
Petroleum
40
10
o
i', i
i
l
i
i
r
I
i
i
r
_
Existing plantand equipment exceeds
needs
All manufacturing
PLANT AND EQUIPMENT EXCEEDS NEEDS
2
Durable goods
Primary metals _ _ _ _
Metal fabricators 3 _ _ _
Nondurable goods
Food and beverage
Chemical
Petroleum
i
r
i
I
1964
r ,i
i
1965
l i
i
\
1966
End of Quarter Data, Not Adjusted for Seasonal Variation
Data: OBE-SEC
U.S. Department of Commerce, Office of Business Economics
15
4
3
10
1
(*)
66-9-5
*Less than 0.5 percent.
1. According to respondent companies' characterizations of their plant and equipment facilities, taking into account
their current and prospective sales for the next 12 months.
2. Includes industries not shown separately.
3. Includes machinery, transportation equipment, and fabricated metals industries.
Source: U.S. Department of Commerce, Office of Business Economics, and Securities and Exchange Commission.
SURVEY OF CURRENT BUSINESS
September 1966
stantial part of the expanding investment by these companies is going for
distribution equipment as work continues on interregional power grids.
Public utility companies reported a
carryover of $10 billion on June 30,
1966, as compared with $9.8 billion in
March and $7.7 billion in mid-1965.
Starts of new projects by the utilities
also rose from the first to second quarters and, at $2.3 billion, were 30 percent
above the second quarter of 1965.
are expected to rise slightly less. All
three groups have increased their 1966
programs over those reported 3 months
earlier. For gas and electric utilities,
this step-up in programs may reflect the
fact that revenues are running ahead
of expectations early this year; Electric and communications companies are
projecting steady increases in investment throughout the year, but gas
companies expect investment to decline
from a high seasonally adjusted first
quarter rate.
Electric companies expect to spend a
record $5.8 billion this year. A sub-
Commercial investment up
Investment in new plant and equipment by commercial firms is now ex-
pected to rise about as much as it did
last year—10 percent.
Second-half outlays are scheduled to
be somewhat higher than they were in
the first 6 months, but no further rise
is expected from the third to the fourth
quarters. Wholesale trade, service, and
construction firms are projecting outlays about one-seventh larger than last
year while retail companies expect
spending on new plant and equipment
to rise by less than one-tenth. Fixed
investment by banks and other financial
organizations will probably be about
the same in 1966 as in 1965.
Table 5.—Expenditures for New Plant and Equipment by U.S. Business,1 1964-66
[Billions of dollars]
Annual
Quarterly, seasonally adjusted at annual rates
Quarterly unadjusted
1964
1964
1966
1965
1966
1965
1964 1965 19662
I
II
III
IV
I
II
III
I
IV
II
III 2
IV 2
I
II
III
IV
I
II
III
IV
I
II
III 2 IV 2
ALL INDUSTRIES
44.90 51.96 60.86 9.40 11.11 11.54 12.84 10.79 12.81 13.41 14.95 12.77 15.29 15.64 17.16 42.55 43.50 45.65 47.75 49.00 50.35 52.75 55.35 58.00 60.10 61.60 63.55
Manufacturing
18.58 22.45 27.08 3.79 4.53 4.67 5.59 4.54 5.47 5.73 6.72 5.61 6.78 6.84 7.84 17. 40 17.80 18.85 20.15 20.75 21.55 23.00 24.15 25.60 26.80 27.55 28.15
Durable goods
___ _
Primary iron and steel
Primary nonferrous metal. _ _
Electrical machinery and
equipment
___
Machinery, except electrical
Motor vehicles and parts____
Transportation equipment,
excluding motor vehicles _ _
Stone, clay, and glass
Other durable goods 3
9.43 11.40 13.96 1.93 2.30 2.37 2.83 2.25 2.76 2.91 3.48 2.87 3.51 3.54 4.04
1.69 1.93 2.15 .34 .40 .42 .54 .36 .44 .50 .62 .42 .54 .54 .64
.48 .68
.78 .09 .11 .13 .15 .14 .15 .16 .22 .18 .22 .18 .19
8.85 9.00 9.60 10.15 10.40 10.80 11.75 12.45 13.15 13.85 14.35 14.40
1.60 1.60 1.65 1.90 1. 70 1.80 1.95 2.20 2.00 2.20 2.10 2.25
.TO .70
.40 .45 .50 .55 .60 .60 .65 .80 .80 .90
.95 1.10 1.15
1.25 1.15
1.45 1.55 1.75 1.80 1.80 2.00 2.35 2.60 2.70 2.70
1.25 1.35 1.65 1.80 2.10 1.95 2. 00 1.90 2.10 1.85
3.05 2.95
2.05 2.25
.85 1.15
1.05 1.05
.85
1.16
.14
.16
.16
.20
.15
.20
.22
.29
.23
.29
.30
.34
1.64 2.21
1.51 1.98
2.85
2.06
.33
.25
.40
.37
.40
.43
.51
.47
.41
.43
.51
.53
.55
.52
.74
.50
.61
.43
.69
.50
.71
.54
.84
.59
.48 .58
.68 .78
2.28 2.41
1.03
.85
3.10
.11
.14
.51
.12
.17
.58
.11
.17
.56
.14
.19
.62
.10
.16
.51
.13
.20
.60
.16
.20
.60
.18
.21
.71
.18
.19
.62
.28
.22
.77
.25
.22
.79
.30
.22
.92
.50
.45
.45
.50
.45
.55
.65
Nondurable goods.
_ __ __ 9.16 11.05 13. 11 1.87 2.23 2.30 2.76 2.28 2.70 2. 82 3.24 2.74 3.27 3.30 3.80
Food and beverage
1.06 1.24 1.46 .24 .27 .27 .28 .25 .32 .32 .34 .31 .37 .38 .40
Textile
.76 .98 1.20 .14 .18 .20 .25 .20 .22 .26 .30 .27 .32 .29 .32
Paper
.94 1.12 1.50 .18 .22 .24 .30 .22 .26 .30 .33 .30 .37 .37 .46
Chemical
1.97 2.59 2.97 .37 .47
64 .63 .77 .61 .75
50 .63 .55
70 .91
Petroleum
3.36 3.82 4.35 .70 .84 .84 .99 .79 .92 .97 1.14 .94 1.08 1.08 1.26
Rubber
.27 .34
.45 .06 .06 .07 .08 .07 .09 .09 .09 .08 .10 .13 .14
4
Other nondurable goods
.80 .96 1.18 .18 .20 .19 .23 .19 .24 .25 .28 .24 .28 .35 .31
8.55
1.05
.60
.80
1.65
3.30
8.80
1.00
.65
.90
1.80
3.35
9.20
1.10
.80
.95
2.05
3.30
10.00
1.10
.95
1.05
2.25
3.50
10.40
1.10
.85
1.05
2.50
3.70
10.70
1.20
.85
1.05
2.50
3.75
11. 25
1.25
1.05
1.20
2.60
3.80
.66
.70
.65
.65
.70
. 70 .80
.90
.60
11.70 12.45 12.95 13.20 13.70
1.35 1.35 1.40 1.55 1.55
1.10 1.20 1.25 1.20 1.20
1.20 1.35 1.50 1.45 1.65
2.70 2.75 3.00 2.90 3.20
4.00 4.40 4.35 4.20 4.45
Mining
1.19 1.30
1.46
.26
.29
.30
.33
.29
.33
.32
.35
.33
.40
.36
.37
1.15 1.15 1.20 1.30 1.25 1.30 1.25 1.35 1.40 1.55
1.40 1.45
Railroad
1.41 1.73
1.96
.32
.36
.37
.35
.39
.44
.44
.46
.40
.55
.47
,54
1.40 1.25 1.50 1.55 1.75 1. 55 1.70 1.95 1.75 2.00
1.85 2.30
Transportation, other than rail... 2.38 2.81
3.62
.51
.63
.59
.64
.58
.77
.72
.73
.75 1.00
.90
.97
2.30 2.25 2.40 2.60 2.55 2.70 3.00 3.00 3.30 3.50
3.70 3.95
Public utilities
6.22 6.94
8.16 1.18 1.58 1.71 1.76 1.32 1.71 1.88 2.04 1.60 2.09 2.22 2.25
5.95 6.30 6.30 6.35 6.80 6.85 6.75 7.30 8.25 8.30
8.05 8.10
Communication
4.30 4.94
Commercial and other 5
1 18. 60
10.83 11.79
97
I'
(2.37
2.61 2.84 3.01 2.59 2.85 3.10 3.25 2.83 3.06
1. Data exclude expenditures of agricultural business and outlays charged to current
account.
2. Estimates are based on anticipated capital expenditures reported by business in late
July and August 1966. The estimates for the third and fourth quarters of 1966 have been
adjusted when necessary for systematic tendencies in anticipatory data. The adjustment,
for each industry and time period is based on the median ratio of actual to anticipated expenditures for the past 5 years. However, no adjustment is made unless the anticipations have
shown a bias in the same direction in at least 4 of the last 5 years and in at least two-thirds
of all years since 1956.
3. Includes fabricated metal, lumber, furniture, instrument, ordnance, and miscellaneous
industries.
J 4.05 4.30 4.40 4.40 4.55 4.80 5.05 5.30 5.35 5.50
1.10 1.06 1.17 1.08 1.24 1.22 1.41 1.26 1.42
J4.84 5.19
il9.00 19.65
JIO. 25 10.45 11.00 11.40 11.30 11.60 11.95 12.25 12.35 12.45
4. Includes apparel, tobacco, leather, and printing-publishing.
5. Includes trade, service, finance, and construction.
NOTE.—Details may not add to totals because of rounding. Data for earlier years were
published in the June 1956, March 1958, 1960, 1961, 1962, 1963, 1964, 1965, and 1966 issues of
the SURVEY OF CURRENT BUSINESS.
Sources: U.S. Department of Commerce, Office of Business Economics, and Securities
and Exchange Commission.
Manufacturers9 Inventory and Sales Expectations in Second Half of 1966
MANUFACTURERS expect to increase their inventories about as much
in the third quarter as they did in the
second; they also anticipate as large a
rise in sales as in the preceding quarter.
For the fourth quarter, they are projecting a reduced rate of inventory
accumulation but a larger sales gain
than in the third. These findings are
based on reports submitted in August
in OBE's quarterly survey of manufacturers' expectations.
Stocks are expected to increase about
$2.4 billion in the third quarter and
another $1.2 billion in the fourth. The
anticipated inventory addition in the
CHART 6
Manufacturers' Inventories and Sales
• Sales are expected to rise throughout second half of 1966
® Total inventory additions are expected to stay high in third quarter, and move lower in fourth
DURABLE GOODS MANUFACTURERS
NONDURABLE GOODS MANUFACTURERS
Billion $
1
i2.0
s
.Inventory Change ; >
1.5
''•:,
1962
1963
1964
1965
1966
1962
1.0
; I 1 i I I V \ \ I I \ I I l''l J J —.5
1963
1964
1965 1966
80
Sales1
70
60
third quarter, if realized, would be
higher than in any other quarter in the
1960's, and the fourth quarter change
would be the lowest since mid-1965.
The inventory projections are accompanied by expected sales gains of 2
percent in the third quarter and 3 percent in the fourth, seasonally adjusted.
These increases are less than those
experienced in the first quarter of 1966,
but are not very different from other
recent quarters.
The book value of yearend 1966
inventories is estimated at $75.5 billion,
or $7K billion above yearend 1965.
Fourth quarter 1966 sales are projected
at $138 billion, 11 percent above a year
earlier. The stock-sales ratio anticipated for the fourth quarter would be
about the same as a year ago—
equivalent to 1.6 months of sales.
Companies holding 18 percent of
manufacturers' stocks classified their
June 30 inventories as "high" relative
to their current sales and unfilled
orders—a 3 point increase from the
end-of-March proportion. This increase parallels the rise in the
stock-sales ratio from March to June.
Almost four-fifths of manufacturers'
stocks were in the "about right"
category, while the percentage considered "low" continued at only 4
percent.
— 50
Inventory movements
r i I :r. rV',1, i I. ,i I, i i i I i
Ratio
40
Ratio
2.5
2.5
$fM^^>;i;;j;^:^y?r;S^: :;:'l;V//!/'; , ,SW-Sales Ratio2; ;-1-. 2.0
1.5
™_^ 1.5
1 . :' i .'.i.v il ..i'' r':i'".i- :l:'^t-rr V'.Ht' '-I- I "V-^ -'.I"- i ' 1 i 0
1962
1963
1964
1965 1966
* O Expectations
1. Inventory change during quarter; Sales, quarterly total
2. Ratio of end of quarter stocks to. sales during the quarter
U.S. Department of Commerce, Office of Business Economics
1962
Seasonally Adjusted
1963
1964
1965
1966
Durable goods producers expect to
add $2.0 billion to their stocks in the
third quarter but only $800 million in
the fourth; additions in the first two
quarters of 1966 w^ere about $1 billion
and $1.7 billion, seasonally adjusted. If
current expectations eventuate, $5J^
billion in inventories will be accumulated during 1966, as compared with
almost $4 billion in 1965 and nearly $2.5
billion in 1964. Although price increases have accelerated, the physical
SURVEY OF CURRENT BUSINESS
September 1966
volume of stock accumulation this year
would still be higher than in 1965. As
in the recent past, machinery and aircraft producers, whose order backlogs
are substantial and rising, expect the
largest increases in stocks during the
second half of 1966.
Nondurable goods producers continue to make smaller additions to in-
9
other 6-month period in the 1960's.
Most nondurable goods producers expect to add to their inventories in the
final half of this year.
Yearend inventories are expected to
reach $47.8 billion for durable goods
producers and $27.7 billion for nondurable goods producers—equivalent to
2 months and 1.3 months of projected
ventories than durable goods producers.
They anticipate a $400 million rise in
their stocks in each of the last two
quarters of this year. The expected
increase in the second half is somewhat
smaller than the additions to book
values of $1J4 billion in the first half
of 1966 and $1 billion in the second half
of 1965, but is at a higher rate than any
Table 1.—Manufacturers' Inventories and Sales: Actual and Anticipated
[Billions of dollars]
Jan.Mar.
Apr.June
1966
1965
1964
JulySept.
Oct.Dec.
Jan.Mar.
JulySept.
Apr.June
Oct.Dec.
Jan.Mar.
Apr.June
JulySept, i
Oct.Dec. i
Inventories, end of quarter
Unadjusted
All manufacturing
Durables
Nondurables _ _ _ _ _
60 7
36.4
24.3
60.7
36.8
23.9
60.7
36.9
23.8
62.6
38.0
24.6
64.1
39.3
24.8
65.0
40.3
24.7
65.9
41.1
24.8
67.6
41.8
25.8
70.0
43.6
26.5
72.4
45.4
26.9
73.9
46.8
27.1
75.1
47.2
27.9
_
60.3
36.1
24.2
60.4
36.5
23.9
61.0
37.0
24.0
62.9
38.4
24.5
63.7
39.0
24.7
64.6
40.0
24.7
66.3
41.3
25.0
68.0
42.3
25.7
69.6
43.3
26.4
71.9
45.0
26.9
74.3
47.0
27.3
75.5
47.8
27.7
___
108.0
56 3
51.7
114. 2
60.6
53.6
109.6
55.4
54.3
113.7
58.6
55.2
117.0
61. 5
55.5
123. 3
65.4
57.9
118.5
60.2
58.3
124.6
65.1
59.4
128.8
67.6
61.1
135.4
72.1
63.4
130.4
66.1
64.3
138.1
72.7
65.4
_
__ _
109.1
57.1
52.1
111.1
57.5
53.6
112.4
58.3
54.1
113. 6
58. 5
55.2
117.9
62.1
55.8
119.8
62.1
57.7
122.1
63.9
58.2
124.6
65.1
59.5
129.5
68.0
61.5
131. 7
68.5
63.2
134.4
70.2
64.2
138.1
72.6
65.5
_____
Seasonally adjusted
All manufacturing
Durables
Nondurables- _
_ _
_ _ _
_
__
_
Sales, total for quarter
Unadjusted
A l l manufacturing
Durables
Nondurables
___
_
_
Seasonally adjusted
All manufacturing
Durables
Nondurables _ _
_
_ _
_ _ _ _ _
_ __
___
1
Anticipations reported by manufacturers in August 1966. Inventories have been corrected for systematic tendencies in anticipatory data.
Sources: U.S. Department of Commerce, Anticipations, Office of Business Economics;
actuals, Bureau of the Census.
Table 2.—Manufacturers' Evaluation of the Condition of Their Inventories 1
[Percent distribution!
Total
High
Nondurables
Durables
About right
About right
High
Low
High
Low
About right
Low
18
14
10
10
81
85
88
88
1
1
2
2
20
15
11
10
79
84
87
88
1
1
2
2
16
13
9
9
83
85
88
89
1
2
3
2
14
14
15
14
84
84
83
84
2
2
2
2
19
17
18
17
80
82
81
82
1
1
1
1
8
9
11
11
89
89
86
86
3
2
3
3
15
15
17
13
82
83
81
85
3
2
2
2
17
18
19
14
81
80
80
84
2
2
1
2
12
10
14
10
85
88
83
87
3
2
3
3
March 31, 1964
June 30, 1964
September 30, 1964
December 31, 1964
16
13
14
13
82
84
82
84
2
3
4
3
17
16
15
15
81
81
81
82
2
3
4
3
14
9
11
9
84
88
84
87
2
3
5
4
March 31, 1965
June 30, 1965
September 30, 1965
December 31, 1965
16
16
16
15
81
80
81
82
3
4
3
3
20
20
22
19
77
77
76
78
3
3
2
3
9
10
g
8
87
85
88
88
4
5
4
4
15
18
81
78
4
4
18
21
79
75
3
4
10
13
85
83
5
4
March 31, 1961
June 30, 1961
September 30, 1961. _
December 31, 1961
March 31, 1962
June 30, 1962
September 30, 1962. _
December 31, 1962
___
March 31, 1963
June 30, 1963
September 30, 1963
December 31, 1963
March 31, 1966
June 30, 1966______
_
_ _ _ _
__
__
.
1. Condition of actual inventories relative to sales and unfilled orders position as viewed
by reporting companies. Percent distribution of inventory book values according to company's classification of inventory condition.
228-744 O - 66 - 2
Source: U.S. Department of Commerce, Office of Business Economics,
10
fourth quarter sales respectively. These
stock-sales ratios are slightly higher
than a year earlier for durables and
slightly lower for nondurables.
Strong sales projected
Durable goods producers expect sales
to rise 2% percent in the third quarter
and 3K percent in the fourth, after seasonal adjustment; at $72.6 billion, the
projected fourth quarter sales are up 12
percent from a year earlier. If these
anticipations materialize, the relative
expansion in sales will be in line with
advances experienced in the past year.
Continuing sales gains are widespread
among the industries. Shipments of
the motor vehicle industry are expected
to rise substantially in the fourth
quarter after declining in the second
and third quarters.
Nondurable goods producers anticipate a IK percent rise in shipments in
the third quarter and a 2 percent rise in
the fourth, after seasonal adjustment;
these increases would raise fourth
quarter sales to $65X billion, 10 percent
above the previous fourth quarter.
These expectations indicate a slower
rate of increase than the 3 percent
quarterly rate of gain in the first half
of this year. However, all the major
industries expect fourth quarter shipments to exceed those in the second
quarter.
SURVEY OF CURRENT BUSINESS
and March 1964. All major industries
except food reported an increase in the
"high" category.
Most producers continued to classify
their inventories as "about right" in
June. This classification accounted for
75 percent of the value of durable goods
producers' stocks and 83 percent in the
case of nondurables. In both sectors,
the "low" category included 4 percent
of book values, with durables rising 1
point, and nondurables falling 1 point,
from the March 1966 proportion.
Business Situation
(Continued from page 2)
one-tenth below the high JanuaryMarch rate, were 4 percent above the
second quarter rate.
The auto industry has made good
progress in paring the large inventories
of 1966 model cars that accumulated in
late spring. The combination of strong
sales and low production in August
resulted in a further sizable reduction
in dealers' stocks. At the end of
August, dealers' stocks of unsold cars
totaled 1.08 million units, substantially
below the June high of 1.73 million and
about the same as a year ago.
Wholesale prices rise
The index of wholesale prices rose 0.4
percent from July to August, bringing
the total advance to 2.6 percent since
Inventory condition on June 30
last December, and 3.8 percent since
Durable and nondurable goods pro- last August. Prices for farm products
ducers each reported a 3 percentage and processed foods combined, which
point rise from March 31 to June 30 in had declined on a seasonally adjusted
the proportion of existing inventories basis from February through June and
categorized as "high.77 Producers hold- which then advanced in July, rose
ing 21 percent of durable goods inven- sharply in August because of large
tories judged their midyear stocks as increases for grains and dairy products.
"high;" this was the largest such pro- Industrial commodity prices were unportion in 5K years except for Septem- changed in August, ending the steady
ber 1965, when the wage settlement left advance in progress since the turn of
steel consumers with abnormally high the year.
stocks. Primary metals, machinery,
The leveling in industrial commodity
and aircraft producers each judged their prices during August reflected a number
June 30 inventory position higher rela- of offsetting changes. In spite of the
tive to requirements than in March; increase in carbon steel sheet and strip,
but the "high" ratio for motor vehicle prices of metals and metal products fell
producers declined.
for the first time this year because of a
Companies holding 13 percent of large decline in prices of nonferrous
nondurable goods producers7 stocks metals. Lessened demand from homeconsidered their inventories "high" in builders caused lower prices for nonJune; since mid-1961 this proportion metallic minerals, while lumber prices
was exceeded only in September 1963 remained at their reduced July level.
September 1966
Prices of hides and skins eased as export demand weakened.
Machinery prices increased about in
line with gains registered earlier this
year although agricultural machinery
and motor vehicle prices showed some
seasonal decline. Fuel prices—mainly
gasoline—rose contraseasonally, and
small price increases were reported for
paper and chemicals.
Monetary stringency continues
Credit shortages and restrictive monetary policy again ruled the money and
credit markets in August. Interest
rates and bond yields continued their
sharp ascent and exceeded the already
high levels established in July.
The Federal Reserve System imposed
further monetary restraint during
August. Reserve requirements against
certain types of time deposits were
raised for the second time this summer,
to the statutory ceiling of 6 percent.
Although it pledged that loan funds
would be available to support an orderly
adjustment to the new requirements,
the Board of Governors announced that
requests by member banks to borrow
funds would be considered more selectively. This policy emphasizes a
"quality control" function for the discount window and reflects the Board's
concern over the expanding volume of
business loans.
During August, Federal Reserve bank
credit declined, and for the first time
since April, the System did not make
substantial additions to its holdings of
Government securities. On an overall
basis, seasonally adjusted member bank
reserves declined, while net borrowed
reserves—a measure of the ease or
severity of monetary policy—rose to
the highest monthly average since early
1960.
Total loans and investments at commercial banks during August rose by a
modest $1.6 billion, seasonally adjusted,
with most of the growth resulting from
larger holdings of Government securities. Total loans rose only $0.2 billion as compared with average monthly
gains of almost $2 billion this year.
Business loans at leading banks showed
a sizable decline during the last 3
weeks of the month, after fairly persistent weekly increases throughout
the year.
SURVEY OF CURRENT BUSINESS
September 1966
11
NATIONAL INCOME AND PRODUCT TABLES
1965
1963
1964
1965
I
II
1965
1966
IV
III
I
1963
II
1964
1965
I
Seasonally adjusted at annual rates
II
1966
III
IV
I
II
Seasonally adjusted at annual rates
Billions of 1958 dollars
Billions of current dollars
Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
Gross national product
590.5
Durable goods
Nondurable goods
Services
_
__
631.7
681.2
660 8
672 9
686 5
704.4
721 2
732 3
551 0
580 0
614.4
600.3
607.8
618.2
631.2
640.5
643 5
375.0
401.4
431.5
418.9
426.8
435.0
445.2
455.6
460 1 353.3
373.8
396.2
387.1 392.2
398.9
406.5
412.8
412 2
53.9
168.6
152 4
Personal consumption expenditures. _
59.4 66.1
178.9 190.6
163 1 174 8
65.1 64.4
184.5 189.4
169 3 173 0
66.7
191.4
176 9
68.0
197.0
180 2
70.3
201.9
183 4
67 1
205 6
187 4
53.7
162.2
137 4
64.2
177.6
150 4
67.2
178.5
153.1
69.2
182.5
154.8
72.2
184.1
156.5
68 5
185 8
157 9
111.9
114.5
118 5
82.5
86.5
97.8
95.9
95.3
97.9
102.2
103.5
106 3
106
78
27
50
28
27
2
2
9
3
0
4
6
12.3
12 1
2
76 7
51.9
17 9
34 0
24.8
24.2
5
5.8
5.1
.8
81 9
57.4
18 9
38 5
24.6
24.0
5
4.6
5.2
—.6
89.0
64.9
21 7
43.2
24.1
23.6
5
8.8
8.0
.9
86.6
62.3
20 7
41.5
24.4
5
9.3
9.3
.0
88.0
63.4
21 7
41.7
24. 5
24.0
5
7.3
6.5
.8
89.4
65.5
21 3
44.2
23.9
23.4
5
8.5
7.1
1.4
91.9
68.4
23 2
45.2
23.5
23.0
.5
10.2
8.9
1.3
95.0
70.8
24.3
46.4
24.3
23.8
5
8.5
8.0
.4
94
71
23
47
23
22
59.1 66.4
170.5 178.2
144 2 151 6
64.8
174.2
148.1
Gross private domestic investment. ._
87.1
93.0
106.6
103.8
103.7
106.7
Fixed investment.
Nonresidential
Structures
Producers' durable equipment
Residential structures
Nonfarm.. __
Farm
Change in business inventories..
Nonfarm _
Farm
81.3
54.3
19 5
34 8
27.0
26.4
6
5.9
5.1
.8
88.3
60.7
21 0
39 7
27.6
27.0
6
4.7
5.3
—.6
97.5
69.7
24 9
44 8
27.8
27.2
5
9.1
8.1
.9
94 4
66.7
23 6
43 1
27.7
27.2
6
9.5
9.4
.0
96 0
67.9
24 6
43 3
28 1
27.5
6
7.6
6.7
.9
98 0
70.2
24 4
45 8
27.8
27.3
5
8.7
7.2
1.5
5.9
32.3
26.4
8.5
37.0
28.5
7.0
39.0
32.0
6.4
35.1
28.7
8.2
40.5
32.3
7.1
40.1
33.0
6.1
40.3
34.2
6.0
41.7
35.6
4.7
41 9
37 3
5.6
32.1
26.6
8.5
36.4
28.0
6.3
37.3
31.0
5.7
33.4
27.7
7.1
38.7
31.6
6.4
38.4
31.9
6.0
38.7
32.8
5.9
40.1
34.2
4.6
40 3
35.8
Government purchases of goods and services
Federal _ _
National defense
v
Other
State and local
122.5
64.2
50.8
13.5
58.2
128.9
65.2
50.0
15 2
63.7
136.2
66.8
50.1
16 7
69.4
131.6
64.4
48.2
16 2
67.3
134.3
65.6
49.1
16 5
68.7
137.7
67.5
50.7
16 8
70.2
141.2
69.8
52.5
17 3
71.4
145.0
71.9
54.6
17.4
73.1
149. 0
74 0
57. 1
16 9
75 0
109.6
59.5
111.3
57.8
114.1
57.8
111.5
56.2
113.2
57.3
115.0
58.3
116.6
59.3
118.3
60.4
120.4
61.9
50.1
53.4
56.3
55.3
55.9
56.7
57.3
57.9
58 5
Addendum: Implicit price deflator for seasonally
adjusted GNP, 1958=100
.
107.2
108.9
110.9
110.1
110.7
111.0
111.6
112.6
113.8
__
Net exports of goods and services
Exports .
Imports. _
101.5 105 6
73.9 77.0
26 8 28 5
47 1 48 5
27.6 28.6
27.0 28.0
5
5
10.4
8.9
8.5
9.0
1.4
.5
QO O
7
3
6
7
4
9
5
11.6
11 4
2
Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
Gross national product
-
Final sales..
.Change in business inventories
590.5
631.7
681.2
660.8
672.9
686.5
704.4
721.2
732.3
551.0
580.0
614.4
600.3
607.8
618.2
631.2
640.5
643. 1
584.6
5.9
627.0
672.1
9.1
651.4
9.5
665.3
677.8
694.0
605.6
591.0
9.3
600.5
609.7
7.3
8.5
621.0
10.2
632.0
10.4
545. 2
5.8
575.4
8.7
712.3
8.9
720.0
7.6
8.5
631. t
11. (
4.7
12.3
4.6
8.8
298.6
318.2
344. 7
333.8
338.8
347.5
358.8
366.0
371.6
289.7
307.2
328.5
319.7
322.5
330.9
341.0
344.7
346.'
292.7
- _ _
5.9
313.6
4.7
335.7
324.3
357.0
359.3
283.9
302.6
12.3
5.8
4.6
310.3
9.3
315.2
7.3
8.5
330. 7
10.2
336.2
8.9
319.7
8.8
322.4
9.5
338. 8
8.7
348.4
9.1
331.2
7.6
8.5
335.]
11. (
Durable goods
Final sales
Change in business inventories
116.1
113 3
28
125.5
122 2
3.3
138.5
132 2
6. 3
135.1
127 7
7 4
135.2
128 8
6.4
141.0
134 3
6.7
142.6
137 9
4.7
147.6
141.8
5.8
149.6
140 6
9.0
114.2
111 4
2.8
123.1
119 9
3.2
135.5
129 4
6.1
131.8
124 6
7.2
131.7
125 5
6.2
138.3
131.8
6.5
140.3
135.7
4.7
145.4
139.9
5.5
146. (
137. (
8.^
Nondurable goods..
Final sales
Change in business inventories
182.5
179 4
3.1
192.7
191 3
1.4
206.3
198.7
196 6
2.1
203. 6
206.5
204.4
2.1
218.4
215.2
3.1
218.7
3.3
175.6
172.5
3.1
184.1
182. 7
1.4
193.0
190.3
2.7
187.8
185.7
2.1
190.8
189.6
1.1
192.6
190.6
2.0
200.6
1.2
216.2
210.5
5.7
222.0
203 5
2.7
195.1
5.6
199.4
196.3
3.0
200. *
197. (
3.5
226 2
244 5
262 0
254 3
259 8
265.1
268 8
275.5
282 1
200. 9
211.2
221.1
216.6
220.3
223.3
224.0
227.7
230.'
Structures
65 7
68 9
74 5
72 7
74.3
73.9
76.9
79.8
78.6
60.4
61.7
64.8
64.0
65.0
64.0
66.2
68.0
66. (
Addendum : Gross auto product
25 1
25 8
31.4
32.6
30.8
31.6
30.5
31.5
28.6
24.7
25.4
31.4
32.2
30.6
31.9
30.7
32.2
29.
Goods output
_
Final sales
_ _ _ _ _
Change in business inventories
Services
202.4
10.4
Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Business
Nonfarm.
_
Farm
Households and institutions
Rest of the world. ._
General government
...
590.5
631.7
681.2
660.8
672.9
686.5
704.4
721.2
732.3
551.0
580.0
614.4
600.3
607.8
618.2
631.2
640.5
643.5
532.4
Gross national product. . ...
Private
568.7
613.4
595.2
606.4
618.2
633.8
648.4
657.6
503.2
530.8
563.5
550.2
557.3
567.2
579.4
588.0
589.9
513 0
491.5
21 5
16 0
547 4
527. 0
20 4
17 3
590.8
567.1
23 8
18 3
573.0
551.6
21 4
17.5
583.6
559.4
24 2
18.0
595.3
570.6
24.7
18.7
611.2
586.6
24.7
19.1
624.9
599.3
25.7
19.1
634.0
609.0
25.0
19.1
486.6
463.8
22.8
13.2
513.3
491.2
22.0
13.6
545.4
521. 7
23.8
14.0
532.2
509. 4
22.8
13.4
538.9
515.1
23.8
13.7
548.9
524.6
24.3
14.2
561.6
537.5
24.1
14.5
569.4
546. 4
23.0
14.3
571.4
548.4
22.9
14.2
3.4
4.0
4.3
4.7
4.8
4.1
3.4
4.4
4.4
3.4
3.9
4.1
4.6
4.6
4.0
3.3
4.3
4.3
58.1
63.0
67.8
65.6
66.6
68.3
70.6
72.8
74.7
47.8
49.2
50.9
50.1
50.5
51.1
51.8
52.5
53.6
1965
1964
1963
I
1965
II
1966
III
IV
I
1965
II
1963
1964
1965
I
II
1966
III
IV
I
II
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
[Billions of dollars]
Table 4.—Relation of Gross National Product, National Income,
and Personal Income (1.9)
Gross national product
Less: Capital consumption
allowances
590.5 631.7 681.2 660.8 672.9 686.5 704.4 721 2
52.6
59.6
56.0
58.2
59 1
60.2
[Billions of dollars]
732 3
61 6
Equals: Net national product. . .
537.9 575.7 621.6 602.7 613.8 626.3 643.6 659.7
669.6
Table 6.—National Income by Type of Income (1.10)
62 7
Less: Indirect business tax
and nontax liability
Business transfer payments. _
Statistical discrepancy
Plus: Subsidies less current
surplus of government
enterprises
Equals: National income
Equals: Personal income.- .
54.7
62.7
62.2
62.7
63.6
63.0
64.7
2.3
2.5
2.6
2.6
25
-.3 -1.4 -1.6 -4.1 -2.1
2.5
-.8
2 6
.4
26
-.8
2.6
—.9
.9
.9
.8
9
481.9 517.3 559.0 543.3 552.2 562.7 577.8 595.7
604 1
58.5
.8
1.3
1.0
62.0
1.2
1.0
73.2
72.7
74.0
76.9
80.0
79 9
28.0
29.2
28 8
29 0
29 2
29 8
36 5
37 0
.0
.0
.0
.0
.0
.0
.0
.0
34.2
33.0
74.2
37.1
36.0
35.2
39.4
37.9
40.0
40.1
17.6
16.5
19.1
17.3
20.6
19.2
20.0
18.1
20 5
18.8
20.9
19.5
21.0
20.2
21.9
20.9
22.5
21.1
2.3
2.5
2.6
2.6
2.5
2.5
2.6
2.6
2.6
465.5 496.0 535.1 518.0 527.6 541.9 552.8 564.6
573.5
Gross corporate product- 335.0 360.9 391.2 381.8 385.8 393.1 403.9 415.2 422.0
Income originating in corporate
business . _
__
31.8
33 9
36.3
35.2
36 0
36.8
37 2
37 7
38 5
32.9
34.8
37.4
37.1
37.1
37.3
37.9
37.3
38 5
270.4 292.3 317.5 309.5 312.8 319.0 328 8 340 1 345.0
Compensation of employees. _ 216.3 231.4 249.0 242.4 246.1 250.5 256.8 265.9 271.1
Wages and salaries
194.9 208.5 224.1 218 3 221.6 225.4 231 2 237 2 241 8
Supplements
.. _
21.4 22.9 24.8 24.1 24.5 25.1 25.7 28.7 29.3
Net interest
-2.4 —2.7 —2.5 —2 6 —2 5 —2 4 —2 4 —2 4 —2 5
Corporate profits and inventory valuation adjustment
_ _
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits. ._
Inventory valuation adjustment
56.4
56.9
26.3
30.5
15.4
15.1
63.6
64.0
28.4
35.6
16.0
19.6
71.0
72.5
31.2
41.3
17.7
23.6
69.6
71.0
30.7
40 3
16 5
23.7
69.2
70.9
30 7
40 2
17.2
23.0
70.9
71.9
30.9
41.0
18.1
22.9
74 4
76.2
32 4
43 7
19 0
24.7
76.7
79.5
34 1
45 4
19 4
26.0
76.4
79.3
34 1
45 2
19 5
25.7
K
4
15
13
18
10
18
2 g
2 9
Gross product originating
infinancialinstitutions-
15.0
15.6
16.5
16.0
16.3
16.6
17.2
17.5
18.0
Gross product originating
in nonfinancial corporations— _
_.__
320.0 345.3 374.6 365 8 369 5 376.5 386 7 397.7 404.0
Capital consumption allowances
31.0 32.9 35 3 34 2
Indirect business taxes plus
transfer payments less subsidies.
31.5 33 3 35 8 35 5
Income originating in nonfinancial corporations
257.6 279.0 303.5 296.0
Compensation of employees __ 204.4 218.7 235.5 229.4
Wages and salaries
_ _ _ _ 184. 5 197.3 212.3 206.9
Supplements
19.9 21.4 23.2 22.5
Net interest
5.2
4.5
5.9
5.6
Corporate profits and inventory valuation adjustment
48 6 55 2 62 1 61 1
Profits before tax
49.1 55 6 63 6 62 4
Profits tax liability
22.9 24.3 27.5 27.1
Profits after tax—
26.2 31.3 36.1 35.3
Dividends
14 3 14 6 16 2 15 0
Undistributed profits..
11.9 16.8 19.9 20.2
Inventory valuation adjustment....
—1.5 —1.3
Addenda:
Cash flow, gross of dividends:
All corporations
62.3 69.5 77.6 75 5
Nonfinancial corporations....
57.1 64.3 71.4 69.5
Cash flow, net of dividends:
All corporations
46.8 53.5 59 9 58.9
Nonfinancial corporations. ... 42.8 49.7 55.2 54.5
1
35 0
35 8
36 3
36 8
37 5
35 5
35.8
36 3
35 7
36 9
299.0 304.9 314.1 325.2 329.7
232.8 236.9 243.0 251.6 256.6
209.9 213.5 219.0 224.8 229.1
22.9 23.4 24.0 26.8 27.4
6.3
6.5
5.8
6.0
6.5
60 4
62 2
27.0
35.2
15 7
19.5
61 9
62 9
27.2
35.8
16 6
19.2
64 9
66 7
28.5
38.2
17 5
20.7
67 3
70 1
30.2
39.9
17 7
22.2
— 1 8 -1.0 —1.8 -2.8
66 6
69 5
30.0
39.5
18 0
21.5
—2 9
76 2
70.1
77.8
71.6
80 9
74.4
83 1
76.7
83 7
76.9
59 0
54.4
59
55. C
61 9
57.0
63 7
58.9
64 2
59.0
Excludes gross product originating in the rest of the world.
12
427.9
„ 311.1 333.6 358.4 348.2 353.7 360.8 370.8 380.0
387.4
. . 251.6 269.3 289.1 281.2 285.8 291.1 298.5 305.9
10.8 11.7 12.1 11.8 11.7 12.0 13.0 13.6
48.6 52.6 57.1 55.2 56.3 57.7 59.3 60.4
311. 5
14.1
61.8
Wages and salaries
Private...
Military
Government civilian
604.1
341.0 365.7 392.9 381.7 387.8 395.6 406.5 419.6
Supplements to wages and
salaries
29.9
Employer contributions for
social insurance.
_. 15.0
32.0
34.5
33.5
34.1
34.8
35.7
39.6
40.5
15.4
16.0
15.8
15.9
16.0
16.3
19.6
19.9
14.9
16.6
18.5
17.8
18.2
18.8
19.4
20.0
20.6
12.2
13.7
15.4
51.0
51.9
55.7
53.3
55.9
56.7
57.1
58.4
57.9
Business and professional
Income of unincorporated
enterprises
Inventory valuation adjustment
37.9
39.9
40.7
40.5
40.4
40.7
41.1
41.4
41.6
37 9
39.9
41 0
.0
.0
-.4
Farm
13.1
12.0
15.1
12.9
15.5
16.0
16.0
17.0
16.3
17.1
17.7
18.3
18.1
18.3
18.4
18.5
18.7
18.8
Corporate profits and inventory
valuation adjustment- _ _ _ _ . 58.9
66.6
Table 5.—Gross Corporate Product1 (1.14)
Capital consumption allowances
Indirect business taxes plus
transfer payments less subsidies. _- . .-
481.9 517.3 559.0 543.3 552.2 562.7 577.8 595.7
National income .
Compensation of employees
Less: Corporate profits and
inventory valuation
adjustment.
58.9
Contributions for social
26.9
insurance
Wage accruals less disbursements
__
.0
Plus: Government transfer
payments to persons
Interest paid by government (net) and by
consumers
Dividends.
__ .
Business transfer payments
60 8
66.6
74.2
73.2
72.7
74.0
76.9
80.0
79.9
59.4
67.0
75.7
74.5
74.5
75.0
78.7
82.7
82.8
26.3
33.1
16.5
16.6
28.4
38.7
17.3
21.3
31.2
44.5
19.2
25.3
30.7
43.8
18.1
25.7
30.7
43.8
18.8
25.0
30.9
44.1
19.5
24.6
32.4
46.3
20.2
26.1
34.1
48.7
20.9
27.8
34.1
48.7
21.1
27.6
-2.8
—2.9
19.1
19.6
0 ther labor income _ _
Employer contributions
to private pension and
welfare funds.
Other
2.7
Proprietors' income
Rental income of persons
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
3.0
3.1
-.5
-.4 -1.5 -1.3
13.8
Net interest
15.5
17.8
16.9
-1.8
17.5
-1.0
18.1
-1.8
18.7
Table 7.—National Income by Industry Division (1.11)
481.9 517.3 559.0 543.3 552.2 562.7 577.8 595.7
604.1
18.6 17.7 21.0 18.6 21.4 21.9 22.1 23.2
30.2 32.4 34.8 34.1 34.4 34.5 35.9 37.1
143.8 155.1 170.4 166.7 167.6 170.8 176.5 184.4
57.5 61.5 65.6 64.4 64.9 65.6 67.5 69.8
_ 86.3 93.6 104.8 102.2 102.7 105.2 108.9 114.7
22.6
37.5
186.7
115.7
71.0
All industries, total
Agriculture, forestry, and
fisheries
Mining and construction. _
Manufacturing
Nondurable goods
Durable goods _ _ .
_
Transportation.
C ommunication
Electric, gas, and sanitary
services
Wholesale and retail trade
Finance, insurance, and real
estate
Services _.
Government and government
enterprises
Rest of the world
._ .
20.0
9.8
21.4
10.5
22.9
11.2
22.0
10.9
22.8
10.9
23.1
11.2
23.7
11.6
24.1
11.7
24.7
12.1
10.3
73.4
11.1
79.1
11.6
83.6
11.3
82.1
11.6
82.5
11.7
83.9
11.9
85.9
11.9
88.0
12.2
88.4
53.6
54.1
57.1
58.9
61.0
63.0
59.3
60.6
60.3
62.0
61.5
64.1
62.9
65.3
63.7
66.4
65.0
67.6
64.7
70.0
75.2
72.9
73.9
75.7
78.5
80.7
82.7
3.4
4.0
4.3
4.7
4.8
4.1
3.4
4.4
4.5
Table 8.—Corporate Profits (Before Tax) and Inventory Valuation
Adjustment by Broad Industry Groups (6.12)
AH industries, total .
Financial institutions
Mutual
Stock
Nonfinancial corporations
Manufacturing
Nondurable goods
Durable goods .
Transportation, communication, and public utilities
All other industries
58.9
66.6
74.2
7.8
8.4
8.9
16
1.7
6.7
73.2
72.7
8.7
74.0
8.9
76.9
80.0
79.9
9.5
9.4
9.8
1.8
7.1
6.2
8.5
51.2
58.2
65.3
64.6
64.0
65.0
67.5
70.6
70.0
28.8
13.0
15.8
32.4
14.5
17.9
37.8
15.7
22.1
37.4
15.5
21.9
36.7
15.5
21.2
37.4
15.5
21.9
39.6
16.4
23.2
41.9
17.2
24.7
40.6
17.2
23.4
9.5
12.9
10.4
15.4
11.1
16.4
10.7
16.5
10.9
16.4
11.2
16.4
11.5
16.4
11.3
17.4
12.0
17.4
1965
1963
1964
1965
I
II
1965
1966
III
I
IV
I
II
1963
1964
1965
__ 465.5 496.0 535.1 518.0 527.6 541.9 552.8 564.6
573.5
311.1 333.6 358.4 348.2 353.7 360.8 370.8 380.0
387.4
125.7 134.0 144.3 140.9 142.6 144.8 148.9 153.8
100.6 107.2 115.5 112.6 114.0 116.2 119.2 123.0
76.0 .81.2 86.7 84.6 86.0 87.1 89.1 90.8
49.9 54.1 58.1 55.7 57.2 59.2 60.5 61.3
59.5 64.3 69.2 67.0 68.0 69.7 72.3 74.1
157.0
126.0
92.1
62.5
75.9
14.9
16.6
18.5
17.8
Proprietors' income
51.0 51.9
Business and professional. __ 37.9 39.9
Farm
13.1 12.0
55.7
40.7
15.1
53.3
40.5
12.9
55.9
40.4
15.5
Rental income of persons
Dividends .
17.1
16.5
17.7
17.3
18.3
19.2
18.1
18.1
Personal interest income
31.4
34.6
38.4
Transfer payments
Old-age and survivors
insurance benefits
State unemployment
insurance benefits
Veterans benefits
Other
35.3
36.8
15.2
16.0
2.8
_ 5.0
12.2
2.6
5.3
12.9
19.4
20.0
56.7
40.7
16.0
57.1
41.1
16.0
58.4
41.4
17.0
57.9
41.6
16.3
18.3
18.8
18.4
19.5
18.5
20.2
18.7
20.9
18.8
21.1
36.9
38.0
38.9
39.7
41.0
42.1
39.7
38.6
37.8
42.0
40.5
42.6
42.8
18.1
16.7
16.6
20.4
18.6
19.5
19.7
2.2
5.6
13.8
2.4
5.5
14.1
2.2
5.6
13.3
2.2
5.7
13.7
2.0
5.8
14.1
2.0
5.9
15.2
1.6
6.0
15.4
18.2
18.8
I
II
Table 12.— Federal Government Receipts and Expenditures (3.1, 3.2)
Table 9. —Personal Income and Its Disposition (2.1)
Other labor income
IV
[Billions of dollars]
[Billions of dollars]
Wage and salary disbursements
Commodity-producing
industries..
Manufacturing. _ __
Distributive industries
Service industries
Government.
III
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Personal income.
II
1966
20.6
Less: Personal contributions
for social insurance
11.8
12.5
13.2
13.1
13.2
13.2
13.5
16.9
17.1
Less: Personal tax and nontax
payments
_
60.9
59.4
66.0
64.9
66.6
65.7
66.7
69.5
404.6 436.6 469.1 453.2 461.0 476.2 486.1 495.1
499.9
Less : Personal outlays
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals. .
Contributions for social insurance _ _
_ -.
Federal Government expenditures
Purchases of goods and services
51.5
24.6
48.6
26.5
54.2
29.1
53.4
28.7
54.9
28.7
53.8
28.9
54.7
30.3
57.1
31.9
141.0
60.7
31.9
15.3
16.2
16.8
17.5
16.8
16.3
16.7
15.2
16.1
23.1
23.9
24.8
24.5
24.6
24.7
25.2
31.7
32.2
113.9 118.1 123.4 119.6 120.6 126.3 127.0 133.7
137.1
64.2
65.2
66.8
64.4
65.6
67.5
69.8
71.9
74.0
49.1
16.5
50.7
16.8
52.5
17.3
54.6
17.4
57.1
16.9
National defense. .
Other
50.8
13.5
50.0
15.2
50.1
16.7
48.2
16.2
Transfer payments
To persons
To foreigners (net)
29.1
27.0
2.2
29.9
27.8
2.2
32.4
30.3
2.2
31.3
29.2
2.0
30.9
28.4
2.5
34.8
32.5
2.2
32.8
30.8
1.9
35.4
32.6
2.8
34.8
32.6
2.2
Grants-in-aid to State and
local governments ... .
9.1
10.4
11.2
11.0
11.1
11.1
11.6
13. 0
14.6
Net interest paid
7.7
8.3
8.7
8.6
8.7
8.8
8.8
9.3
9.5
Subsidies less current surplus
of government enterprises _ _
3.6
4.2
4.2
4.3
4.2
4.1
4.1
4.1
4.2
.7 -3.0
1.6
4.5
4.4 -2.5
-.2
2.3
3.8
73.6
Equals: Disposable personal
income
Federal Government receipts. •__ 114.5 115.1 124.9 124.0 125.0 123.8 126.9 136.0
384.7 412.1 443.4 430.3 438.6 447.1 457.6 468.4
Personal consumption
9.1
11.3
10.8
11.2
11.5
11.8
12.1
12.5
.6
.6
.6
.6
.6
.6
.6
.7
19.9
Addendum: Disposable personal income in constant
(1958) dollars
10.1
.6
Equals: Personal saving _
24.5
25.7
22.8
22.4
29.0
28.5
26.7
26.6
381.3 406.5 430.8 418.8 423.7 436.8 443.9 448.4
447.9
Table 10. —-Personal Consumption Expenditures by Major Type (2.3)
Personal consumption
expenditures _
375.0 401.4 431.5 418.9 426.8 435.0 445.2 455.6
Durable goods. _ _
Table 13. — State and Local Government Receipts and Expenditures
State and local government
receipts.-
375.0 401.4 431.5 418.9 426.8 435.0 445.2 455.6
Interest paid by consumers ^ „ _ ,._ _
Personal transfer payments to foreigners.
Surplus or deficit (-),
national income and
product acco unts
460.1
__ 53.9
59.4
66.1
65.1
64.4
66.7
68.0
70.3
67.1
Automobiles and parts
24.3
Furniture and household
equipment... ..
_ _ __ 22. 2
Other
7.5
25.8
29.8
30.1
29.2
30.2
29.9
31.4
28.5
25.1
8.5
27.1
9.1
26.0
9.0
26.2
9.0
27.3
9.2
28.8
9.3
29.6
9.3
29.2
9.3
168.6 178.9 190.6 184.5 189.4 191.4 197.0 201.9
63.4
69.6
75.3
73.4
74.6
75.9
77.3
80. 1
83.2
9.4
1.7
10.8
1.9
11.8
2.0
11.5
2.0
11.7
2.0
11.9
2.0
12.1
2.1
12.4
2.2
12.9
2.2
39.4
42.3
45.8
44.6
45.4
46.4
47.0
47.8
48.7
3.8
4.1
4.5
4.4
4.4
4.5
4.6
4.7
4.8
9.1
10.4
11.2
11.0
11.1
11.1
11.6
13.0
14.6
62.2
67.9
73.7
71.5
72.9
74.4
75.7
77.7
79.7
Purchases of goods and
services
58.2
Transfer payments to persons- 6.0
63.7
6.5
69.4
6.9
67.3
6.8
68.7
6.8
70.2
6.9
71.4
7.0
73.1
7.4
75.0
7.5
Personal tax and nontax
receipts. _
Corporate profits tax accruals.
Indirect business tax and
nontax accruals
Contributions for social
insurance
Federal grants-in-aid
State and local government
expenditures
Net interest paid
Less: Current surplus of
government en terprises
.8
.7
.6
.6
.6
.5
.5
.5
.5
2.8
3.0
3.2
3.1
3.2
3.2
3.2
3.3
3.3
Surplus or deficit (— ),
national income and
product accounts
1.2
1.7
1.6
1.9
1.7
1.5
1.6
2.4
3.5
88.7 101.4 109.1 105.3 104.8 112.8 113.6 113.2
113.9
26.6
205.6
Nondurable goods
Food and beverages.. _
Clothing and shoes
Gasoline and oil
Other
_ _
Services
98.4
35.9
15.1
41.1
98.7 101.6 103.3
36.0 37.5 39.4
15.3 15.7 15.8
41.4 42.3 43. 3
104.8
39.7
16.1
45.0
__ 152.4 163.1 174.8 169.3 173.0 176.9 180.2 183.4
187.4
Housing_
Household operation
Transportation _ _ _ _ _ _ _
Other
88.2
30.6
13.5
36.3
55.4
23.1
11.4
62.5
92.8
33.6
14.1
38.4
59.2
24.3
11.8
67.8
63.2
25.6
12.8
73.3
95.4
34.6
14.4
40.1
61.6
24.7
12.2
70.8
97.8
35.6
15.2
40.9
62.7
25.4
12.7
72.3
63.6
26.0
13.0
74.2
64.7
26.3
13.4
75.8
66.0
26.5
13.5
77.5
67.1
27.1
13.9
79.4
Table 11. —Foreign Transactions in the National Income and
Product Accounts (4.1)
Receipts from foreigners... _ 32.3
37.0
39.0
35.1
40.5
40.1
40.3
41.7
41.9
Exports of goods and services. .. 32.3
37. 0
39.0
35.1
40.5
40.1
40.3
41. 7
41.9
Table 14.— Sources and Uses of Gross Saving (5.1)
Gross private saving
Personal saving
Undistributed corporate
profits
Corporate inventory valuation adjustment
Corporate capital consumption allowances
Noncorporate capital consumption allowances
Wage accruals less disbursements _ -_
. -_
32.3
37.0
39.0
35.1
40.5
40.1
40.3
41.7
41.9
Federal
State and local
Imports of goods and services. __ 26.4
28.5
32.0
28.7
32.3
33.0
34. 2
35.6
37. 3
Gross investment
Payments to foreigners
Transfers to foreigners - Personal. _ _ _ __ _ _
Government. ._
_ _ _ _ _ _
2.8
.6
2.2
2.8
.6
2.2
2.8
.6
2.2
2.6
.6
2.0
3.1
.6
2.5
2.8
.6
2.2
2.5
.6
1.9
3.4
.6
2.8
2.9
.7
2.2
Net foreign investment _ _ .
3.1
5.7
4.2
3.8
5.1
4.2
3.5
2.6
1.8
_._
25.7
22.8
22.4
29.0
28.5
26.7
16.6
21.3
25.3
25.7
25.0
24.6
26.1
27.8
27.6
-.5
-.4 -1.5 -1.3 -1.8 -1.0 -1.8 -2.8
-2.9
31.8
33.9
36.3
35.2
36.0
36.8
37.2
37.7
38.5
20.9
22.2
23.3
23.0
23.2
23.4
23.6
23.8
24.2
.0
.0
.0
.0
.0
.0
.0
.0
.0
1.8 -1.4
3.2
6.4
6 1 —1 0
1.4
4.7
7.3
1.6
1.6
4.5
1.9
4.4 -2.5
1.7
1.5
-.2
1.6
2.3
2.4
3.8
3.5
98.7 110.7 107.6 108.8 110.9 115.4 117.1
120.3
93.0 106.6 103.8 103. 7 106.7 111. 9 114.5
3.5 2.6
5.1 4.2
3.8
4.2
5.7
118. 5
1.8
.. . 90.3
Gross private domestic ininvestment
Net foreign investment
Statistical discrepancy
24.5
.7 -3.0
1.7
1.2
Government surplus or deficit
(— ), national income and
product accounts
19.9
87.1
3.1
-.3 -1.4 -1.6 -4.1 -2.1
-.8
.4
-.8
13
-.9
by WALTHER LEDERER and EVELYN M. PARRISH
The U.S. Balance of International Payments:
Second Quarter 1966
D,
FUKING the second quarter of 1966,
U.S. official reserve assets declined $68
million, while liquid liabilities increased
$116 million. The balance of U.S. international payments, measured on the
liquidity basis, i.e., by the changes in
these assets and liabilities, was therefore adverse by $184 million. Seasonal
adjustments reduce that balance to
about $160 million. This compares
with a seasonally adjusted balance of
about $560 million in the first quarter
and a quarterly average of about $335
million for 1965.
The balance measured by official reserve transactions, consisting of changes
in U.S. official reserve assets and in
liquid and certain nonliquid U.S. liabilities to foreign official agencies, was adverse during the second quarter by
$370 million, or approximately $185
million after seasonal adjustment.
This compares with an adverse balance
of $245 million after seasonal adjustment in the first quarter and a quarterly
average of $325 million in 1965.
From the first to the second quarter,
the difference in the seasonally adjusted
movements of the balance measured on
the liquidity basis and the balance
measured by official reserve transactions is accounted for as follows: A
$137 million decline in liquid dollar
accumulations on foreign private and
on international accounts reduced the
adverse balance on the first basis, and A
$202 million increase in nonliquid private and official liabilities to foreign
official accounts raised the adverse
balance on the second basis. The
continued rise in dollar balances on
foreign private accounts during the
first two quarters of this year may, in
part at least, reflect market pressures
on the pound sterling and the effort of
British authorities—in cooperation with
14
those of other countries—to maintain
its foreign exchange value.
The $68 million decline in U.S. official reserve assets was composed of a
$209 million decline in U.S. monetary
gold holdings, a $22 million decline in
the gold tranche position (i.e., the
nearly automatic borrowing facility) of
the United States in the IMF, and a
rise in convertible currency holdings of
$163 million.
The decline in gold holdings was less
than the quarterly average in 1965—
even if allowance is made for the $259
million gold payment to the IMF that
resulted in an equivalent increase in our
gold tranche position—but it exceeded
the decline in each of the last two
quarters of 1965 and in the first quarter
of 1966. Gold sales to France alone
amounted to about $220 million, and
those to domestic industrial purchasers
were more than $40 million. These
sales were in part offset by a purchase
of $50 million from Canada. The
change in convertible currency holdings
resulted largely from acquisitions of
pounds sterling.
Major changes
A major factor affecting the change
in the balance measured on the liquidity
basis was a rise from $55 million to
$406 million in foreign purchases of
certificates of deposit and other forms
of long-term deposits' with an original
maturity of 1 year or more. All of
these purchases were made by foreign
official and international organizations.
In addition, international organizations
increased their purchases of nonguaranteed U.S. agency bonds from $74
million to $117 million.
The unusually large increase in
foreign purchases of these assets undoubtedly reflects their high yield in
combination with a rising volume of
transactions in the U.S. markets and
other features that improve marketability. These assets have therefore
approached in quality those of other
U.S. Government securities and of
certificates of deposit with an original
maturity of less than 1 year, both of
which are generally considered sufficiently liquid to serve as investments for
public and private reserve funds. The
second quarter increase in net purchases of long-term certificates of deposit and the nonguaranteed agency
bonds, which combined amounted to
nearly $400 million, approximately
equaled the change in the balance
measured on the liquidity basis. The
balance on all other transactions was
therefore about the same as in the
previous quarter.
Although the rise in domestic business
activity was slower than in the first
quarter, the higher rate of capacity
utilization and the increase in nonfarm
inventories helped to maintain the rise
in merchandise imports. The effects of
domestic economic developments on
nonmilitary merchandise exports are
more difficult to establish. Exports
were apparently hurt by the slowdown
in the business expansion in some of the
major European countries, but in
Canada, where production continued to
expand, and in Japan, where the expansion accelerated, exports increased.
In the aggregate, nonmilitary merchandise exports remained stationary
during the second quarter, interrupting—at least temporarily—the advance of the preceding 12-month
period.
The adverse changes in trade were
offset by a rise in investment incomes,
by favorable changes in recorded capital
flows other than those already men-
SUEVEY OF CUKKENT BUSINESS
September 1966
tioned, and by an improvement in the
balance on still unrecorded transactions. The seasonally adjusted net
outflow of U.S. capital (omitting the
reinvestment abroad by U.S. corporations of funds they had borrowed
abroad) was somewhat larger than in
the previous quarter. This increased
outflow was more than offset, however,
by a large change from net liquidations
to net purchases by foreigners of U.S.
corporate securities other than those
newly issued by U.S. corporations.
Goods and Services
The balance on goods and services
excluding those transferred under military grants declined by about $200
million—after seasonal adjustment—to
an annual rate of $5.3 billion, the lowest
in about 3 years. Both exports and
imports of goods and services continued
to expand, but the $100 million rise in
experts of goods and services was more
than offset by an import rise of $300
million.
U.S. nonmilitary merchandise exports
in the second quarter were at a seasonally adjusted annual rate of $28.4 billion,
about the same as in the first quarter;
as compared with the average rate in
1965, the increase has amounted to over
8 percent.
Exports to industrial areas in the
second quarter followed trends in foreign business activity, expanding to
Canada and Japan and declining to
Western Europe. Exports to Latin
America dropped and those to other less
developed areas continued at about the
first quarter level.
Neither agricultural nor nonagricultural exports changed much from the
first quarter. Some developments indicate the possibility of more favorable
movements in the second half of the year.
Cotton exports remained low in the
second quarter, perhaps in anticipation of the new policy under which—
starting August 1—cotton prices are
determined by world market conditions;
cotton exports may recover in the
second half of the year. Continued
increases in new export orders for
machinery, which lead deliveries by
about 6 months, suggest that these
shipments may rise later in the year.
Although delivery schedules on domestic machinery orders have lengthened since the middle of 1965, those
for export orders have not changed over
this period.
15
Imports continued the strong upward
advance of the first quarter and reached
a seasonally adjusted annual rate of
$25.1 billion. The import rise from
the first to the second quarter was over
4 percent as compared with an increase
of about 1.5 percent in GNP. Most of
the import rise in the second quarter
was in industrial supplies and materials,
which had remained on a high plateau
from mid-1965 through the first quarter
of 1966. Growth was apparently
checked in the first quarter by reduced
imports of steel, following heavy strike
hedge orders for foreign supplies in
1965, and by substantially larger releases from Government stockpile of
major nonferrous metals and rubber.
These releases were substitutes for
imports; valued at current import
prices, they amounted to nearly $300
million. In the second quarter, imports of these and other industrial
supplies rose considerably as withdrawals from Government stockpiles
leveled off at the first quarter rate.
Capital equipment imports—primarily of machinery—made further large
gains in the second quarter, perhaps
because of the lengthening of delivery
schedules for domestic orders. ImCHART 7
U.S. Balance of International Payments
Billion $
Billion $
5
5
,,*
Balance on official reserve
" transactions basis
f
A
Change in U.S. official
reserve assets
(decrease-)
-5
Balance on liquidity basis
-10
I
1960
1961
1962
I
,
',
1963
,
I
-10
I
1964
1965
1966
Quarterly, Seasonally Adjusted at Annual Rates
Source: Table 3
U.S. Department of Commerce, Office of Business Economics
66-9-7
SURVEY OF CURRENT BUSINESS
16
ports of consumer goods, however, did
not advance in the second quarter.
Imports of passenger cars and automotive parts dipped, and imports of
other consumer goods rose moderately.
Small gains in imports of foodstuffs
were concentrated in meat and fish
products.
Military expenditures abroad advanced by about $60 million to well
over $900 million, according to figures
that are still preliminary. About $430
million, or nearly half of the total
expenditures, were in Japan and in other
countries in Asia and Africa. At an
annual rate, expenditures in these
countries were $900 million higher
than in 1964; most of this rise can be
attributed to the current hostilities
in Vietnam. The second quarter rise
in military expenditures was offset by
higher deliveries of military goods and
services under sales contracts.
The balance on travel and transportation accounts deteriorated slightly,
reflecting in part the higher merchandise imports and in part rising expenditures by U.S. residents for foreign
travel.
The adverse changes in the balance
on merchandise trade and other services transactions were partly offset
by a rise of nearly $50 million in incomes and in related fees and royalties
from U.S. direct investments abroad,
while dividend payments on foreign
direct investments in the United States
declined. The rise in U.S. and foreign
interest rates probably increased U.S.
receipts and payments by nearly the
same amounts.
Capital Transactions
U.S. investments abroad
The outflow of U.S. private capital
increased from about $900 million in the
first quarter to about $1,100 million in
the second. These figures, however,
include the reinvestment—about $185
million in the first quarter and about
$310 million in the second—of funds
obtained abroad through the sale of
U.S. corporate securities newly issued
to finance foreign investments, and to a
small extent also through loans from
foreign banks. The new issues of such
September 1966
securities during the second quarter equipment abroad, this reduction reinclude a single transaction of $180 mil- flects to a large extent the efforts of
lion involving debentures issued by a U.S. industry to cooperate in the Govnewly formed U.S. subsidiary of a U.S. ernment's program to improve the
corporation which were exchanged for balance of payments by restraining
an equity interest in a foreign cor- capital outflows from the United States.
Purchases of newly issued foreign
poration.
The following tabulation shows how securities fell about $180 million from
the funds borrowed abroad by U.S. the first to the second quarter. After
corporations to finance their foreign in- adjustment for the usual seasonal
vestments are included in the balance of changes, the decline was nearly $270
payments compilations. The amounts million. More than half of this re—in million of dollars—are partially duction can be accounted for by first
estimated. The line numbers refer to quarter purchases of about $150 million in issues that had been postponed
tables 1, 2, and 8.
from the last quarter of 1965. Nearly
all the newly issued securities were
19 55
19 B6
Canadian. The tightening in domestic
(credits +, debits -)
Line
capital markets may also have conI
II
III
IV
tributed to the decline.
Uses of borrowed funds:
Redemptions of securities originally
issued in the United States were slightly
-1 -59 -30 -247
33
Direct investments
higher than in the first quarter. The
Short-term claims
40
reported by U.S.
second quarter redemptions included
residents other
than banks •
-63
—18 —128 —148
$69 million of advance repurchases by
59
Foreign deposits and
the Canadian Government of its own
money market paper held in the
obligations issued in 1962. In the first
United States ..
—6
quarter, such advance repurchases were
Sources of funds :
$40 million.
52
Transactions in U.S.
Transactions in other foreign secursecurities other than
19
172
184
291
Treasury issues.— ities in the second quarter resulted in
54
Long-term liabilities
net U.S. liquidations of $74 million, inreported by U.S.
private residents
cluding over $60 million of stocks. In
other than banks. __
19
15
the first quarter, net liquidations of foreign securities were $17 million.
Excluding the reinvestment of funds
The major factor in the rise in capital
borrowed abroad (included in lines 33 outflows from the first to the second
and 40 of tables 1, 2, and 8), the quarter was a shift from net liquidations
seasonally adjusted outflow of U.S. to a net increase in foreign claims recapital during the second quarter was ported by banks. Long- and shortabout $795 million, as compared with term claims on foreign residents reabout $730 million in the first.
ported by U.S. banks for themselves
Capital outflows for direct invest- and their domestic customers increased
ments (also net of the use of funds bor- in the second quarter by $66 million, or
rowed abroad) rose from about $660 about $130 million after seasonal admillion to about $710 million after justment, as compared with a decline of
adjustment for seasonal variations. over $260 million in the first quarter.
The increase from the first quarter ap- This represents an adverse shift of
pears to have been mainly in the oil nearly $400 million for the balance of
producing countries in Asia and Africa. payments and a change from the experDuring the first half of this year, ience in the period from the second
capital outflows for direct investments quarter of 1965 to the first quarter of
(net of the funds borrowed abroad) were this year, when close to $800 million of
at an annual rate of $2.7 billion, as com- claims on foreign residents were repatripared with $3.1 billion in 1965 (omit- ated. At the end of June banking
ting a major transaction offset in other claims on foreign residents were about
capital accounts). In view of greatly $750 million belowr the ceiling suggested
increased expenditures for plant and by the Federal Reserve System guide-
SURVEY OF CURRENT BUSINESS
17
second quarter the $291 million, of
debentures issued by U.S. corporations
to finance their direct investments
abroad. They also include the abovementioned purchases by international
organizations—$74 million in the first
quarter and $117 million in the second
quarter—of nonguaranteed U.S. agency
bonds.
Transactions in outstanding U.S.
securities by foreign countries changed
from net foreign sales of about $100
million in the first quarter to net purchases of over $90 million in the second.
Net liquidations by residents of the
United Kingdom, both public and private, of $62 million in the first quarter
and $50 million in the second, are included in these figures. The proceeds
from the second quarter sales by the
United Kingdom were reinvested in
long-term certificates of deposit, so
that there was no impact on the balance
of payments measured on the liquidity
basis.
Transactions in outstanding U.S.
securities by other countries, which had
resulted in net sales of $40 million in
Foreign investments in the United the first quarter, changed to net purStates
chases, to a large extent by Canadian
A major change in capital flows was residents, of $140 million in the second.
in net foreign purchases of U.S. securi- This represented a favorable shift of
ties—other than Treasury issues— $180 million. In the past, however,
which increased from $160 million in foreign transactions in U.S. securities
the first quarter to $500 million in the have been rather erratic—even if liquisecond. These figures include in the dations by the British Government,
first quarter the $185 million, and in the new issues of U.S. corporations to
finance foreign investments, and other
special transactions are omitted. Thus,
the favorable impact on the balance of
payments which occurred in the second
quarter cannot be counted on in subsequent periods. During the second
quarter, however, the larger than usual
credits on these transactions were
probably balanced by a temporary
bulge in the outflow of U.S. capital,
particularly bank credits.
In summary, the seasonally adjusted
net private capital transactions including both U.S. investments abroad and
foreign investments in the United
States—other than those in long-term
time deposits and certificates of deposit,
in nonguaranteed Government agency
securities, in foreign liquid assets in the
United States, and in the special
conversions by the United Kingdom—
amounted to an outflow at an annual
rate of about $2.45 billion in the second
quarter, somewhat less than the $2.65
billion in the first. During the second
half of last year the corresponding
figure was $3.0 billion, and during the
first half $3.8 billion. However, allowing for the shift of $150 million in new
Canadian security issues from the
fourth quarter of 1965 to the first
quarter of this year, it appears that
the net outflow of capital has increased
in the second quarter of this year in
contrast to the decline during the
preceding 12-month period.
September 1966
lines; nevertheless, it would be premature to conclude that the direction of
capital flows through bank-reported
lending activities was more than temporarily interrupted, in the second quarter
so long as domestic credit demand remains large relative to the lending facilities of the banks.
Long- and short-term claims reported
by U.S. residents other than banks increased by about $20 million in the second quarter, after adjustment for seasonal variations, as compared with $160
million in the first. Included in these
figures, however, are net capital outflows of $148 million in the first quarter,
and $63 million in the second quarter;
these represent the temporary investment of the funds borrowed abroad by
U.S. corporations but not yet transferred to foreign subsidiaries. Omitting the changes in the funds originally
borrowed abroad, the changes in foreign
claims were relatively small—a shift
from a net increase of about $10 million
in the first quarter to a net decrease of
over $40 million in the second.
(See Balance of Payments tables beginning on page 18.)
228-744 0 - 6 6 - 3
SURVEY OF CUKKENT BUSINESS
18
September 1966
Table 1.—U.S. International Transactions
[Millions of dollars]
1965
(Credits +; debits — )
Line
Year
I
2
Exports of goods and services
Excluding transfers under military grants
A
K
Merchandise adjusted excluding military *
Transfers under military sales contracts
Transfers under military grants net
Transportation
g
7
'8
g
10
11
12
13
14
_
--
Travel
Fees and royalties from direct investments
Other private services
Other U S Government services
--
Income on U.S. investments abroad:
Direct investments 2
-Other private assets
~U S Government assets
Imports of goods and services
- -
-
-
15
16
17
18
19
20
Travel
-- --- -Private payments for other services
-- __ __
U S Government payments for other services
_ _
21
2?
Income on foreign investments in the United States:
Private payments 2
U S Government payments
--
na
10 170
na
10 817
26 276
844
v 1,628
5 615
200
P372
508
7 032
929
v 665
638
6 331
199
P 272
631
7 298
216
p 319
638
7 033
198
595
7 369
?58
na
649
1,212
909
1 152
284
232
202
286
68
340
206
287
71
370
224
287
73
270
277
292
72
274
229
316
72
379
233
310
81
3,961
1,428
512
1,036
344
106
1,060
369
135
849
343
121
1 016
372
150
965
374
114
985
413
140
-- -- -32, 036
-6,809
—8 183
—8 521
—8 523
—8 486
—9 373
—21,488
—2,881
—2,691
—4,597
—664
—559
—5 488
—701
—766
—5 487
—745
—722
—5 916
—771
—644
—5 900
—854
—630
--
—6 292
—913
—814
-2,400
—384
—546
-398
—102
—112
-619
—95
—117
—919
—93
—171
—464
—94
—146
—412
—108
—142
-690
106
— 129
—1,158
—488
—255
-122
—280
—117
—266
—118
—357
131
—302
138
—294
-135
v 2, 160
1 788
p 2 849
2 184
907
•P 2 397
2 078
na
1 684
n.a.
1,444
__ __ _ v— 4,422
—2 794
v- 1,035
—663
P— 1,461
—796
v— 938
—666
r— 988
—669
n.a.
—850
n.a.
—750
—153
p— 372
—437
—73
—153
p_6{55
—510
—133
—152
p—272
—431
—83
—170
p— 319
—422
—77
— 155
na
—614
—81
-160
na
—510
80
-- ---
--
--
- -_ _
Unilateral transfers, net; transfers to foreigners (— )
Excluding military grants
2,415
--
--
-
--
-~
-
_
___
-
Balance on goods and services (lines 1 and 14)
Excluding transfers under military grants (lines 2 and 14)
27
28
29
30
P 10 920
10 601
-
-- — •
- -
--
25
26
p 9 700
9 428
--
- -
23
24
v 11, 032
10 367
— --
-- --
-
-- -
Private remittances
_Military grants of goods and services
Other U S Government grants *
U S Government pensions and other transfers
__
_ __
—628
v— 1 628
—1 800
—366
31
Balance on goods, services, and unilateral transfers (lines 23 and 25, or 24 and 26) 3 __
32
Transactions in U S private assets, net; increase in assets ( — )
33
34
35
36
Direct investments 2
Foreign securities newly issued in the United States
Redemptions
Other transactions i n foreign securities
__ __
37
38
Claims reported by U.S. banks: *
Long-term
_
Short-term
39
40
Claims reported by U.S. residents other than banks: *
Long-term
Short-term
-
41
44
45
Repayments on credits:
Scheduled
Nonscheduled
50
_
___
___
_
--
__
_
-
___
_-
__
-
_ _ _
__
__
____
_
_
_
_
_ _ _ _ _ _
_ _
4
___
Direct investments 2 _
U.S. securities other than Treasury issues
Long-term liabilities reported by U.S. banks
54
55
56
57
Liabilities of U.S. Government, excluding marketable or convertible securities: 1
Associated with specific transactions
Other nonmarketable, nonconvertible, medium-term securities
58
59
U.S. Government marketable or convertible bonds and notes *
Deposits and money market paper held in the United States 1
Errors a n d omissions, n e t
r
_ _ _ _ _ _
__ _ _
_
__
_ _ _ _ _ _ _ _ _ _
__
_ __
__
__
_
Revised.
» Preliminary.
* Less than $500,000 (±). n.a. Not Available.
1. Details for lines 3 and 15 are given in table 4; for lines 29, 42, 43, 56, and 57 in table 5;
for lines 37 through 40, in table 6; and for lines 58 and 59, in table 7.
2. Excludes undistributed profits of subsidiaries.
3. Numerically equal to net foreign investment in U.S. national income and product
accounts.
— 1,148
—302
55
49
—936
32°
52
130
—419
304
42
53
—868
271
73
—6
—623
455
118
17
— 1,034
—275
122
74
-461
23
201
176
-41
260
70
—134
127
144
-11
-55
6
241
—6
188
—20
5
—71
2
—17
-153
-56
-46
-336
-582
-225
-432
-300
-568
—648
150
-689
-64
— 500
-116
-656
46
-574
91
-655
-96
152
10
166
5
208
183
155
23
180
3
176
7
_ ___
__
842
68
41
271
424
68
1 665
34Q
—94
832
-58
68
590
-56
—466
124
-413
330
119
178
-26
68
222
134
209
-163
22
309
-332
-388
714
315
-86
1,006
71
—443
204
90
35
152
-91
—256
43
41
-235
-51
31
13
60
37
158
55
-9
500
406
19
146
8
-5
-5
68
10
39
6
44
29
39
5
56
45
111
i
-55
(*)
103
-6
5
-53
-47
-21
47
68
Other liabilities reported by U.S. private residents other than banks:
Long-term.- _
_ __
Short-term
60
-1,281
204
—7
_
Transactions in foreign assets in the United States, net; increase in foreign assets (U.S. liabilities) (+).._
51
52
53
__
694
—842
1 222
Transactions in U.S. official reserve assets, net; increase in assets ( — )
Gold 4
Convertible currencies
Gold tranche position in IMF
834
— 1 205
—2, 493
16
_ _
___
1,409
—424
-1,575
__
241
—524
—91
436
_"_
1,388
681
221
_
1,125
-1,537
—231
325
___
4 163
—3 371
1 206
222
226
Transactions in U.S. Government assets, excluding official reserve assets, net; increase in assets (— )
Loans a n d other long-term assets J
_
Foreign currencies and other short-term assets * _ __
47
48
49
_-
_
r> \ 179
—3 690
_ _
42
43
46
_ _,
II P
v 8, 969
8 597
---
Merchandise adjusted excluding military 1 •
Military expenditures
Transportation
--
lr
IV
--- - -
--
-
-
III
*>8 585
6 957
--
- - --
II
v 40, 621
38 993
-- -
__
I
19f >6
-39
-618
78
-335
156
809
-148
212
-547
191
-295
411
-429
238
38
-347
-358
-30
81
4. Reflects $259 million payment of gold portion of increased U.S. subscription to the
IMF in the second quarter of 1965.
,
, .~
~~
•
™
0
TT 0 ^
f-o
Source: U.S. Department of Commerce, Office of Business Economics.
SUKVEY OF CURRENT BUSINESS
September 1966
19
Table 2.—U.S. International Transactions—Seasonally Adjusted
[Millions of dollars]
1965
(Credits +; debits -)
Line
I
11
12
13
14
_
-
_ _
_ _ _
21
22
Income on foreign investments in the United States:
Private payments 2
_ _ _ _ _
U S Government payments
_
25
26
Unilateral transfers, net; transfers to foreigners (— )_ - Excluding military grants _ _ _ _ _ _ _ _ _ _ _ _
__
_
__
_
_
_
-
__ _ _
__
_ _ _ _ _
_ _ _ _ _
_
_
_
_
32
_ _
_
Direct investments 2
_
_
Foreign securities newly issued in the United States
Redemptions
Other transactions in foreign securities
37
38
Claims reported by U.S „ banks: 1
Long-term
Short-term
39
40
964
357
149
811
365
78
1 013
379
149
1 046
401
149
—8 087
—8 245
—8 540
—8 922
—9 238
—5 481
—701
686
—5 595
—745
—661
—5 756
—771
706
—6 003
—854
719
6 258
—913
728
—586
—95
—134
—603
—93
—137
—614
—94
—141
—640
—108
—162
—649
—106
—148
—287
—117
—293
—118
—327
—131
—298
—138
—301
—135
v 2, 714
2 049
•p 2, 043
1 771
* 1 844
1 525
n.a.
1 534
n.a.
1 327
P— 1,433
—768
p— 991
—719
p— 964
—645
n.a.
—852
n.a.
-733
—155
P— 665
—480
—133
—161
p — 272
—475
—83
—158
p— 319
—410
—77
—155
na
—616
—81
—163
n.a.
-490
—80
950
_
_
_
_
_
_
Loans and other long-term assets l
Foreign currencies and other short-term assets J
682
594
—912
—908
— 1 104
—859
—244
52
130
—569
—380
42
53
—731
—276
73
—6
—687
-459
118
17
—957
-189
122
74
169
144
—58
51
126
109
122
142
—45
-87
—6
268
—20
54
—71
136
—17
— 144
-56
34
-469
-268
-471
-332
-471
-642
—620
—540
—675
191
183
126
23
205
3
197
7
-367
1
j
_
880
—827
_ —1 212
—306
55
49
_
1 052
—346
—468
21
_
1 281
— 1 605
Transactions in U.S. Government assets, excluding official reserve assets, net; increase in assets (— )
_
-554
177
10
-661
187
5
842
68
41
271
424
68
832
—58
68
590
-56
—466
124
-413
330
119
178
-26
68
222
134
209
-163
22
180
-425
242
312
402
979
90
41
—235
—51
31
13
60
37
35
152
—91
—256
43
158
55
-9
500
406
.
8
—5
—5
68
10
39
6
44
29
39
5
56
_ _
45
111
—1
-55
(*)
103
-6
5
-53
-47
-21
IAK.
—145
—294
493
-109
240
Transactions in U.S. official reserve assets, net; increase in assets ( — ) _
_
_
Transactions in foreign assets in the United States, net; increase in foreign assets (U.S. liabilities) (+)__
51
52
53
Direct investments 2
___
U.S. securities other than Treasury issues
Long-term liabilities reported by U.S. banks
54
55
Other liabilities reported by U.S. private residents other than banks:
Long-term
_
Short-term
56
57
Liabilities of U.S. Government, excluding marketable or convertible securities: 1
Associated with specific transactions
__ .
__
Other nonmarketable, nonconvertible, medium-term securities
58
59
U.S. Government marketable or convertible bonds and notes1 !
Deposits and money market paper held in the United States
__
__
Errors and omissions, net
r
p
Revised.
Preliminary.
n.a. Not available.
*Less than $500,000 (±).
1. Details for lines 3 and 15 are given in table 4; for lines 29, 42, 43, 56, and 57, in table 5;
for lines 37 through 40, in table 6; and for lines 58 and 59, in table 7.
2. Excludes undistributed profits of subsidiaries.
3. Numerically equal to net foreign investment in U.S. national income and product
accounts.
1 112
358
146
—435
—73
_ _
_ _ _ _ _ _ _ _
Claims reported by U.S. residents other than banks: 1
Long-term
Short-term
60
329
249
310
81
6
250
33
34
35
36
50
333
235
316
72
P — 1,034
-662
.
Transactions in U.S. private assets, net; increase in assets ( — )
Gold4
Convertible currencies
Gold tranche position in IMF 4
330
242
292
72
—154
P— 372
_
Balance on goods, services, and unilateral transfers (lines 23 and 25, or 24 and 26) 8
47
48
49
305
239
287
73
—251
—122
_ _ _ _ _ _
31
46
295
220
287
71
—102
—134
_
Balance on goods and services (lines 1 and 14) _ _ _ _ __
Excluding transfers under military grants (lines 2 and 14)
_
7 in
258
na
631
—664
—638
23
24
__
7 121
198
na
640
—597
__
Travel
Private payments f o r other services
_
_ _ _ _ _ _ _ _
U.S. Government payments for other services _ _ _ _ _ _
Repayments on credits:
Scheduled
Nonscheduled
7 027
216
P 319
632
-7, 164
_ _ _ _ _ _
_ _ _ _ _ _ _ _
_
18
19
20
44
45
10 565
6 826
199
r> 272
617
348
139
_ _
_
42
43
10 456
6,798
229
•P 665
620
1,074
-
Merchandise adjusted excluding military *
Military expenditures
Transportation
41
P 10 384
10 065
P 372
_ _ _ _ _ _
Private remittances
Military grants o f goods a n d services _
Other U.S. Government grants l
_ _
U S Government pensions and other transfers
P 10 288
10 016
5,625
200
_
P 10 801
10 136
282
208
286
68
_ _ _ _ _
_
_ _
15
16
17
27
28
29
30
HP
•p 1, 984
1 612
_
-_ _ _ _ _
Imports o f goods a n d services
I'
—4 656
Travel
Fees and royalties from direct investments
Other private services
Other U.S Government services
Income on U.S. investments abroad:
Direct investments 2
Other private assets
U S Government assets
IV
546
Merchandise adjusted excluding military *
Transfers under military sales contracts _ _
Transfers under military grants net
Transportation
7
g
9
10
III
•p 9 148
8 776
1 Exports of goods and services
2
Excluding transfers under military grants
3
4
5
5
II
1966
\
1
0
en
-80
-268
-66
4
Reflects $259 million payment of gold portion of increased U.S. subscription to IMF in
the second quarter of 1965.
_
,
, .„
~~
._ .
„
TT 0 _
Source: U.S. Department of Commerce,-Office of Business Economics.
SUEVEY OF CUEEENT BUSINESS
20
September 1966
Table 3.—U.S. Balance of Payments and Reserve Position
[Millions of dollars]
Amount
outstanding
June 30,
1966
19 56
1965
Line
Total
I
-1,337
— 697
226
—534
—332
—556
—512
37
472
3
—488
27
— 1,337
—185
189
— 1 006
—335
—68
—184
1,222
842
68
41
271
424
68
14 958
1,665
—349
832
—58
68
590
—56
124
13, 529
—413
330
68
222
134
209
—466
119
178
—26
—257
-107
—206
64
697
—356
-831
82
-26
965
253
697
72
-57
—539
II
IV
HI
I
II"
Balance on liquidity basis—measured by increase in U.S. official reserveassets and decrease in
liquid liabilities to all foreigners:
1
Seasonally adjusted; decrease in net assets (—)
2
Less seasonal adjustment
3
Before seasonal adjustment (lines 4 and 8, with sign reversed)
4
U S official reserve assets (table 1 line 46); increase (— )
5
6
7
8
9
10
11
12
_
_
-
Goldi
Convertible currencies
IMF gold tranche position i
Liquid liabilities to all foreigners (table 1, lines 58 and 59)' decrease ( — )
To official agencies 2
To commercial banks
-To other forei gn residents and unallocated 3
To international and regional organizations .
_
-94
._
115
-17
116
306
—657
-860
— 157
22
722
707
116
73
330
69
28 874
15, 447
8,153
4,236
1,038
—163
404
109
-38
-356
— 186
-290
164
104
-65
-1,305
-618
239
232
-1,158
-246
—659
184
508
—33
—628
182
41
55
-276
-1,125
382
-368
48
-142
Balance on official reserve transactions basis— measured by increase in U.S. official reserve
assets and decrease in liquid and certain nonliquid liabilities to foreign official agencies:
13
Seasonally adjusted; decrease in net assets ( — )
14
Less seasonal adjustment
15
Before seasonal adjustment (lines 16 through 18, with sign reversed)
16
U.S. official reserve assets (line 4)' increase ( — ^
17
Liquid liabilities to foreign official agencies (portion of line 9)' decrease ( — )
18
Certain nonliquid liabilities to foreign official agencies; decrease ( — )
19
Liabilities of U.S. private residents (table 1, portions of lines 53 through 55)
20
Liabilities of U.S Government (table 1, portions of lines 56 and 57)
p Preliminary.
1. Reflects $259 million payment of gold portion of increased U.S. subscription to the IMF
in the second quarter of 1965.
-1,305
1,222
842
68
41
271
424
68
14, 958
—17
—860
—107
253
697
—831
73
15 447
100
—23
—16
-18
157
25
227
903
-38
-21
-29
-16
28
43
248
411
138
2
13
—2
129
-18
-21
492
2. Includes deposits of foreign branches of U.S. banks and of foreign commercial banks'
associated with their U.S.-dollar denominated liabilities to foreign official agencies.
3. May include U.S. Government bonds and notes held by foreign commercial banks.
SUEVEY OF CUEEENT BUSINESS
September 1966
21
Table 4.—U.S. Merchandise Trade
[Millions, of dollars]
1965
Line
Total
I i
1966
Hi
III
IV
Seasonally adjusted
1965
I
Ii
5
6
7
8
9
10
5,625
6,798
6,826
7,027
7, 121
7,111
5,568
6,870
6,912
7,106
7,178
7,181
7,033
7,369
498
98
125
130
145
96
125
123
36
29
25
33
39
55
84
84
Equals: Merchandise exports, Census basis, including reexports, excluding military grant shipments
Plus military grant shipments recorded in Census data
26, 567
779
5,593
226
7,128
247
6,436
160
7,410
146
7,090
158
7,439
348
Equals: Merchandise exports, Census basis, including reexports and
military grant shipments
--_ _ _
27, 346
5,819
7,375
6,596
7,556
7,248
7,787
6,344
21, 002
_ _ 20, 223
1,257
4,562
4,336
1,646
5,729
5,482
1, 522
5,074
4,914
1,919
5, 637
5,491
1,683
5,565
5,407
1,696
6,091
5,743
1,250
1,658
1,708
1,708
1,697
1,712
4,318
5,212
5,204
5,398
5,481
5,469
21, 488
4,597
5,488
5, 487
5,916
5,900
6,292
4,656
5,481
5,595
5,756
6,003
6,258
174
51
49
37
37
80
62
204
39
50
49
66
62
68
107
-15
21
-71
6,323
Agricultural goods
Nonagri cultural goods
_
Excluding military grant shipments _ _
__
12
Plus merchandise imports excluded from line 11 but included in
Census data 5
Less merchandise imports included in line 11 but excluded from
Census data 6 _
__
_
_ _ _ _ _ _ _
Less miscellaneous and 4
special adjustments to Census data incorporated in line 11, net
15
IV
7,298
Merchandise imports, adjusted (table 1, line 15)
14
HP
Ill
6,331
26, 276
11
13
I
Hi
7,032
Merchandise exports, adjusted (table 1, line 3)
Plus merchandise exports, other than military grant shipments excluded from line 1 but included in Census data 2 _
_ __
Less merchandise exports included in line 1 but excluded from Cen3
sus data
_
_
_
_
Less miscellaneous and4 special adjustments to Census data incorporated in line 1 net
-
4
1966
5, 615
1
2
3
•
II *>
Equals: Merchandise imports, Census basis (general imports)
92
7
Industrial supplies a n d materials
Iron and steel
__ _ _
Petroleum
Other
21
22
23
Consumer goods (nonfood)
Passenger cars, new and used
Other
_ _ _
24
25
26
27
28
Capital equipment
_
__
_
Machinery and parts
Trucks and buses
Other
-_
_ All other, including uranium, and unclassified
29
5,487
5, 368
75,902
5,897
6,357
4,653
5,451
75,459
75,729
6,001
759
961
1,002
1,124
1,041
1,081
780
972
1,039
1,032
1,070
1,105
_ _ _ 10,604
__ _ 1,270
2,104
7,230
2, 373
235
547
1,591
2,794
375
538
1,881
2,694
359
502
1,833
2,743
301
517
1,925
2,735
249
568
1,918
3,012
319
501
2,192
2,364
252
508
1, 604
2,735
352
548
1,835
2,729
353
525
1, 851
2,746
303
520
1,923
2,766
271
535
1,960
2,951
300
510
2,141
4,130
671
3,459
841
140
701
990
172
818
1,086
135
951
1,213
224
989
1,245
315
930
1,263
272
991
893
126
767
1,037
171
866
1,047
165
882
1,127
207
920
1,304
286
1,018
1,310
269
1,041
1,535
1,255
25
255
1,343
320
266
5
49
316
395
329
6
60
347
376
307
4
65
317
444
353
10
81
363
503
410
27
66
373
588
488
33
67
413
309
255
5
49
307
373
308
6
59
334
410
341
4
65
337
442
353
10
79
360
494
400
27
67
367
554
455
33
66
403
4,788
1,018
1,544
844
1,382
1,133
1,077
969
1,317
1,231
1,271
1,118
853
23, 508
5,044
6,179
5,653
6,632
6,316
6,567
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,020
447
691
166
716
416
275
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
Food and beverages
17
18
19
20
4,609
3,846
16
721,366
Balance on merchandise trade, adjusted (line 1 less line 11)
__
__
_ _ _
_
_ _
_
_
_
_
_ _
Memorandum items:
30
31
Merchandise exports, adjusted, excluding those financed by U.S.
Government grants and capital outflows (line 1 less line A. 28
of table 5) -8
Balance on merchandise trade, adjusted, excluding exports
financed by U.S. Government grants and capital outflows
(line 29 less A 28 of table 5) s
p Preliminary.
n.a. Not available.
1. Exports and imports in the fourth quarter of 1964 and the first two quarters of 1965 were
distorted by the longshoremen's strike in the first quarter of 1965.
2. Consists mainly of exports of military equipment under Defense Department sales
contracts with foreign governments to the extent that such exports are included in the Census
data. Also includes exports of domestically owned goods into storage abroad (e.g., U.S.
grain stored in Canada); exports to the Panama Canal Zone; and exports of exposed motion
picture film for rental rather than sale.
3. Includes exports of domestically owned goods out of storage abroad (e.g., U.S. grain sold
from storage in Canada); exports of electrical energy; exports of nonmonetary gold and
silver, and net sales of gold by U.S. private residents to the U.S. monetary gold stock; personal
remittances in kind (gift parcels sent through the mail); and transfers, financed under nonmilitary aid programs, of goods to recipient countries from Defense Department stocks
located abroad.
4. Includes valuation adjustments for goods considered to be underpriced or overpriced in
Census data; timing adjustments for goods recorded in the Census data in one period but
known to have been shipped in another period; and coverage adjustments for special situations
in which shipments are omitted from the Census data.
5. Consists mainly of Defense Department and other imports which duplicate in whole o
in part purchases (e.g., of nuclear materials) included in table 1, line 16 (Military expenditures) . Also includes imports of domestically owned goods returned from storage abroad
(e.g., grain from storage in Canada); imports from the Panama Canal Zone; and foreign
charges for repair of U.S. vessels.
6. Includes imports of electrical energy; and imports of nonmonetary gold and silver, and
net purchases of gold by U.S. private residents from the U.S. monetary gold stock.
7. Reflects revisions made by the Bureau of the Census to correct for distortions in the
monthly import totals originally reported for July to December 1965. These distortions were
caused by large irregularities in the monthly flow of documents transmitted by Customs to the
Census Bureau after the close-out date for processing a given month's statistics. The accompanying commodity detail, lines 16-28, incorporate the Census Bureau's revisions and, in
addition, the special adjustments represented in line 14.
8. The entries in this line reflect only an approximate measure of merchandise exports not
financed by Government grants and capital outflows since Government financing of exports
may not coincide with actual shipments.
Source: U.S. Department of Commerce, Office of Business Economics.
SUEVEY OF CUEKENT BUSINESS
22
September 1966
Table 5.—-Major U.S. Government Transactions
[Millions of dollars]
1965
19 56
Line
Total
A. 1
la
U.S. Government grants (excluding military) and capital outflows total (table 1, lines 29, 42, and 43, with
sign reversed)
Seasonally adjusted
-
15
16
17
18
19
20
21
22
23
24
25
26
34
B.
1
la
2
3
4
5
6
Associated with U.S. Government grants and capital outflows (line A. 33) _ _ Non-interest-bearing securities issued t o I D A
_
__
___
Non-interest-bearing securities issued to IDB
Non-interest-bearing securities issued to UN for special programs.
_
_
Foreign funds retained in U.S. Government accounts for purchases in the United StatesOther...
__ --_
13
14
15
Associated with other specific transactions
_ __ _ _
Purchase of Columbia River downstream power rights
U.S. Government nonmilitary sales and miscellaneous operations
_ _
1
2
3
r
Revised.
v Preliminary.
*Less than $500,000 (=fc).
1. As reported by the operating agencies.
2. Consists of transfers of military goods and services financed by U.S. Government credits
and of advance payments to the Defense Department (on military sales contracts) financed
by credits extended to foreigners by U.S. Government agencies other than the Defense
Department.
3. Includes estimated net accumulations of foreign currency from principal repayments
recorded in line A. 7.
4. Estimates for the 12 quarters in fiscal years 1964-66 for the several categories of trans-
431
95
112
422
186
—34
614
106
—83
510
105
103
230
44
24
1
28
326
51
26
(*)
8
215
39
20
1
10
209
53
22
(*)
7
216
48
26
(*)
3
250
53
33
131
212
3
105
90
157
4
100
36
51
3
83
79
152
3
91
214
80
2
80
96
72
2
63
392
487
405
470
468
550
—26
4
4
— 12
—8
—7
314
510
94
516
577
148
349
570
112
296
539
178
368
564
143
423
512
268
47
96
105
—3
— 18
38
85
100
—3
2
31
69
83
—3
2
39
82
91
—9
—2
36
77
80
—8
-3
40
86
63
—1
—4
752
571
150
16
23
1 071
853
173
28
42
856
678
150
38
24
890
666
170
48
24
903
717
203
9
38
1,091
802
182
86
25
-85
-8
-25
-34
-18
-64
-4
708
183
192
191
142
194
170
45
45
111
111
-55
—55
103
10S
5
5
-47
-4?
51
130
-16
149
71
-46
1, 098
r 242
'342
r 182
»-332
258
129
130
70
844
___
__^__
Foreign holdings of nonmarketable, nonconvertible medium-term U.S. Government securities not
associated with specific transactions (table 1 line 57)' net increase (-f~)
Export-Import Bank Portfolio Certificates of Participation
U.S. Treasury securities not included elsewhere 6
510
202
60
16
r
7
200
28
»• 11
229
38
r
37
199
9
2
194
86
3
258
-85
-79
-8
-20
-25
-21
-34
-18
-20
-18
-15
10
-1
-2
1
13
5
5
-14
-18
-25
—30
5
2
6
-5
2
6
-5
r
__
__
437
256
— 124
204
Plus sales contracts financed by U.S. Government credits (line A. 30)
Less U.S Government receipts from principal repayments
Less transfers of goods and services (including transfers financed by credits) (table 1, line 4)
1 261
1 165
3,569
2,768
643
130
113
r
1 097
1 156
155
332
379
— 18
— 16
5
1 032
1 030
1,475
2, 196
532
U.S. Government receipts from foreign governments (including principal repayments on credits
financing military sales contracts) , net of refunds
1 047
1 117
—30
Associated with military sales contracts *
1 263
1 141
1,754
U.S. Government liabilities associated with specific transactions (table 1, line 56); net increase (+)
Seasonally adjusted
935
989
336
572
13
379
By disposition: l
Estimated transactions involving no direct dollar outflow from the United States
Expenditures on U.S. merchandise
Expenditures on U.S. services
_
_
_
Military sales contracts financed by credits (including short-term, net) 2 (line B. 4)_
U S Government credits to repay prior U.S. Government credits 3
U S Government credits to repay prior U.S. private credits
Increase in claims on U.S. Government associated with Government grants and capital
outflows (including changes in retained accounts) (line B. 7)__
Estimated dollar payments to foreign countries and international and regional organizations
through U S Government grants and capital Outflows
7
8
9
10
11
12
C.
n>
P
980
187
92
2
53
By program:
Under farm product disposal programs
Under Foreign Assistance Acts and related programs _
Under Export-Import Bank Act
_•_
_ _
Capital subscriptions to international and regional organizations, excluding IMF. _ _
Other assistance programs
Other foreign currency assets acquired (lines A. 6, and A. 7, A. 9)_ _
Less foreign currencies used by U.S. Government other than for grants or credits (line A. 13)
Advances under Exchange Stabilization Fund agreements, net
Other (including changes in administrative cash holdings), net
27
28
29
30
31
32
33
IV
1,800
739
14
Credits repayable i n dollars
_ _ _ _
_ _ _
_ _ _ _ _ _
Other long-term assets, net
_
___
_
Other short-term assets (including changes in administrative cash holdings), net
5
6
7
3
9
III
314
10
H
12
13
14
4
II
4,277
By category:
Grants, net
Credits repayable i n foreign currencies
__ _ _ _
___
Other foreign currency assets (excluding administrative cash holdings), net
Receipts from—
Sales o f agricultural commodities
_
___
Interest
_ _ _ _ _
_
_ _ _ _ _ _ _
Repayments of principal
Reverse grants
Other sources
-_ __
Less disbursements for—
Grants in the recipient's currency
Credits in the recipient's currency
Other grants a n d credits
_
___
_
_ _ _
Other U S Government expenditures
Capital subscriptions to international and regional organizations, excluding IMF
2
3
I
—7
-1
-7
3
1
(*)
(*)
1
-1
-64
-36
-8
-20
(*)
(*)
-4
-11
(*)
(*)
-28
-30
2
-2
3
-2
3
(*)
-6
-53
-21
(*)
-6
(*)
-53
2
-23
-1
(*)
48
' 15
216
(*)
(*)
actions related to military sales contracts—other than for cash receipts—in this and the other
tables are based upon incomplete reports.
5. Consists of transfers of military goods and services financed by U.S. Government credits
(included in line B. 6) and of increases in Defense Department liabilities (on military sales
contracts) which arise from advance payments to the Defense Department financed by credits
to foreigners by U.S. Government agencies other than the Defense Department.
6. Through the last period shown, all securities included here have been payable in foreign
currencies.
Source: U.S. Department of Commerce, Office of Business Economics.
SUEVEY OF CURRENT BUSINESS
September 1966
23
Table 6—-Claims on Foreigners Reported by U.S. Banks and U.S. Private Residents Other Than Banks
[Millions of dollars]
Changes
1965
Line
Total
II
IV
III
HP
I
Claims reported by U.S. banks:
\.
1
Long-term (table 1, line 37, with sign reversed) _ .
2
3
4
5
6
_ •_
_
_
_
231
_
__
_
_ _
Short-term (table 1, line 38, with sign reversed)
Seasonally adjusted _
_
_ _ __
8
9
10
11
12
13
U S -dollar loans
Canada
United Kingdom __
Other Western Europe
Japan
Other countries _ _ .
14
15
16
17
18
19
U S -dollar acceptance credits
Canada
United Kingdom __
Other Western Europe _
Japan
Other countries
20
21
22
23
24
25
U S -dollar collections outstanding
Canada
United Kingdom
Other Western Europe
Japan
_
_
Other countries
_ _ _
26
27
28
29
30
31
Other claims in U S dollars
Canada
United Kingdom. _ _ _ _
Other Western Europe
Japan
Other countries
32
33
34
35
36
37
Foreign currency deposits and other claims
Canada _ _ _ _ _
_
United Kingdom
__
Other Western Europe
Japan
Other countries
1
_
_
_ _ _ __
_ _ _ _ _
•
_
_______
_ _
_
_ _ _ _ _
_
Canada
United Kingdom
Other Western Europe _
Japan
Other countries
-70
-127
11
58
— 186
— 122
45
19
—1
-108
15
306
37
8
140
42
234
—8
—3
—114
7
-83
—1
—4
—62
8
116
—9
—72
26
39
—16
(*)
—98
U
_2
I9
1
—29
97
78
318
87
1 385
406
2 205
—23
— 176
—260
134
— 144
55
7 639
144
—61
—109
—142
87
194
—61
-2
69
-29
217
181
30
-17
61
6
101
—100
90
-10
—17
—33
50
— 41
3
18
(*)
—22
—34
154
2
7
25
20
100
104
15
—13
—4
—20
—82
_3
46
_5
13
2 904
' 164
48
502
584
1 606
_
_
_ _
_ _
—120
4
12
35
-84
—87
-31
—3
-7
67
—84
15
10
9
12
34
50
—152
3
3
—1
—135
22
48
—5
3
31
— 50
69
38
1
—7
30
1?
68
_3
—1
18
58
24
2 471
51
17
220
1 490
693
132
2
—1
-4
78
57
—54
(*)
(*)
-13
-24
-17
49
1
—5
9
33
11
58
79
1
3
o
35
42
15
2
5
4
20
—12
33
2
—6
30
7
1 320
13
22
169
506
610
_
_ _ _ _ _ _
_
__ _
—381
—242
-84
—18
-20
—17
—94
—24
-63
4
-8
—3
107
89
3
—15
—2
4
—10
—4
88
50
-32
(*)
(*)
6
46
40
—9
—4
3
4
26
94
4
2
—6
2
475
268
20
17
114
56
_.
_ _
— 150
-113
-25
—23
-4
15
—25
-24
-27
17
10
—1
—33
-6
26
—38
— 13
—2
-33
—50
29
—8
8
— 12
—59
-33
-53
6
—9
30
—47
4
—5
—2
— 17
—27
24
—16
45
4
— 10
1
469
147
128
107
34
53
__
Reported by brokerage concerns
Reported by others
Canada
United Kingdom
Other Western Europe
Japan
Other countries _ _
15
16
17
18
19
20
21
22
(*)
1
2
34
21
92
—79
8
40
\\
9
(*)
_ _
___
91
__
__ __ _ _ _ _ _ _ _
_ _
__ ___
_ __
-6
6
20
71
17
56
1, 466
44
-26
(*)
9
64
13
—21
5
-8
5
6
—4
-4
4
4
22
3
—4
12
—1
7
12
1
46
_7
4
505
27
170
90
674
-436
-241
-188
-5
3
1
1
9
59
2
153
46
2,612
—268
—54
136
144
—34
16
3
—4
1
15
-17
70
2
25
(*)
26
153
33
103
83
10
— 10
34
12
15
67
—25
— 17
2
—30
—84
159
n.a.
n.a.
n.a.
n.a.
n.a.
258
676
Seasonally adjusted
8
9
10
11
12
13
14
A
__9
4 401
-250
___
Short-term (table 1, line 40, with sign reversed)
7a
_
_
_ _ _ _ _ _ _ _
_
_
__
_
__ __ _
Claims reported by U.S. private residents other than banks:
Long-term (table 1, line 39, with sign reversed)
_
2
3
4
5
6
7
_
_
41
169
__ _
_
_
-201
___
Canada
United Kingdom
Other Western Europe
Tap an
Other countries
_
7a
461
-21
__ _ _ _ _ _ _
468
-325
Seasonally adjusted
la
}.
I
Amounts
outstanding
June 30,
1966
)66
1<
28
-464
—444
_ _
_ _ _ _ _ _
Of which: Deposits and money market assets
U.S. -dollar claims reported by major U.S. corporations..
Foreign currency claims
Canada
United Kingdom
_
_
_ _
___
Other Western Europe
Japan _
_
_
_
_
_
_
_
Other countries
-18
19
— 12
-9
-529
-412
-117
-241
— 222
35
-22
1
-33
-203
—146
-57
—502
-12
-3
-9
-3
—210
23
4
-7
-13
-333
-606
-144
-276
(*)
—2
4
—4
13
-201
131
—71
13
—9
-3
—212
-195
— 17
136
-73
i
—5
3
—5
91
-30
-41
-43
91
68
29
18
-13
— 12
6
7
138
51
6
-3
(*)
—4
127
40
-3
—1
.a.
a
.a.
a.
.a.
.a.
21
-11
-72
-26
-126
-34
-63
(*)
153
2,459
551
485
573
158
692
n.a.
739
n.a.
11 'c\
Memorandum items:
23
24
p Preliminary.
U.S. -dollar deposits in Canadian banks:
As reported by major U.S. corporations other than banks (included in line B. 18) _
A s reported i n Canadian bankings statistics _ _ _ _
___
*Less than $500,000 (±).
n.a. Not available.
-138
-225
(\A
SUEVEY OF CUEEENT BUSINESS
24
September 1966
Table 7.—U.S. Liquid Liabilities to Foreigners
[Millions of dollars]
Changes
Line
1965
Total
1 Liquid liabilities to all foreigners (table 1, lines 58 and 59; table 3, lines 8 through 12)
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
I
IV
III
HP
28,874
115
_ _
_
Bonds and notes, marketable
Bonds and notes, nonmarketable, convertible
Payable in U.S. dollars
Payable in foreign currencies
International Monetary Fund 2
___
_
_
_
_ _
64
-356
116
253
697
-831
73
15, 447
-860
—105
36
51
-107
127
—55
137
245
—73
—16
-35
671
—5
81
71
-982
40
11
-208
55
6
-92
369
14, 464
1,581
2,781
1,645
-368
-368
_
965
-107
-909
-909
-301
-301
249
249
593
593
-434
-751
317
-58
-108
50
6,693
6,886
367
16
51
-15
-2
122
-19
—50
—5
-366
6
-176
123
_
-257
—20
123
U.S. Government obligations:
Short-term securities and other obligations
Payable in U.S. dollars
Payable in foreign currencies
-657
—860
—51
—56
46
224
Central banks and governments _
Demand deposits
Time deposits 1
Other private obligations, mainly money market paper i_ _
51
122
-50
-366
-176
1,106
658
150
508
8
26
131
18
983
404
330
8,153
483
-164
88
-3
176
17
185
-48
5,601
753
1,738
61
34
To foreign commercial banks
-539
116
Demand deposits . _ _
_
Time deposits l ___
_
_
Other private obligations, mainly money market paper 1
24
25
U.S. Government obligations:
Short-term securities
Bonds and notes
_
_
___
To international and regional organizations not included above. _ _
27
28
29
Demand deposits
Time deposits 1
Other private obligations, mainly money market paper *
30
31
U.S. Government obligations:
Short-term securities
Bonds a n d notes _
_
_
-290
26
107
-49
558
22
225
-108
-376
-41
-100
-22
104
82
72
48
109
69
4,236
10
90
_2
-19
56
-54
-17
74
-20
70
103
-95
-44
109
22
5
50
33
1,534
1,753
387
7
-1
7
92
-5
40
6
-36
2
20
-17
-2
72
490
_ -
-142
-38
_ __
_ _ _ _ _ _ _
-65
-26
-57
-23
-7
-48
_ __
p Preliminary.
1. With maturity of 1 year cr less; negotiable certificates of deposit with a maturity of 1
year or less are included with money market paper.
2. Includes liabilities of U.S. monetary authorities for gold deposited by and held for IMF.
22
—74
66
150
15
95
_ _ _
697
44
323
-171
__
__
-206
306
To other foreign residents and unallocated
164
—86
—67
298
-29
Demand deposits
Time deposits *
Other private obligations, mainly money market paper *
U.S. Government short-term securities
II
— 17
To foreign official agencies
21
22
23
26
I
Amounts
outstanding
June 30,
1966
1966
-4
15
19
2
-30
-12
4
12
4
-25
-4
-59
13
14
2
-61
-151
10
-105
13
1
-73
-4
-11
-43
129
-196
-290
-356
-3
-65
-65
-100
-123
1,038
52
149
204
200
433
Excludes dollar holdings of IMF except holdings acquired through gold sales to the United
States with the option to reverse the transactions. These reversible transactions amounted
to $200 million in 1956, $300 million in 1959, and $300 million in 1960.
Table 8.—U.S. International Transactions
[Millions of dollars]
United Kingdom
Line
1965
(Credits +; debits — )
Year
7
8
9
10
11
12
13
Income on U.S. investments abroad:
Direct investments 2
Other private assets
•
U S Government assets
__ _
14
II
III
IV
1965
UP
I*
Year
I
644
644
621
621
740
740
757
757
669 v 10, 771 *>2,352
669 10,233
2,205
1,626
56
349
.6
417
14
386
16
474
20
465
12
417
8
243
52
62
65
64
60
62
140
138
13
10
29
32
3
18
33
34
4
21
33
36
3
13
45
36
3
12
32
37
3
263
63
32
134
13
3
37
18
7
42
15
4
50
17
18
113
20
3
_ _ _ _ _ _ -2,513
-504
-635
-668
-706
-1,410
-153
-410
-273
-45
-84
-338
-36
-122
-365
-40
-112
-434
-32
-92
-
_ _
__
__
_ _
_ __
_ _ _ _
_ -
Imports o f goods a n d services
1966
UP
II
631
631
_
Merchandise, adjusted, excluding military
Transfers under military sales contracts
Transfers under military grants, net __ _
Transportation
Travel
- _ _ _
_
Fees and royalties from direct investments
Other private services
Other U S Government services
I
1966
2,636
2,636
-_
1 Exports of goods and services
Excluding transfers under military grants
2
3
4
5
6
Other Western Europe
III
IV
*>3,045
2,824
^2,509
2,422
*>2,865
2,782
n.a.
2,767
n.a.
2,834
IT
68
7,282
475
*>538
906
1,537
136
*>147
184
1,965
137
P221
240
1,711
106
P87
243
2,069
96
p83
239
2, 054
125
n.a.
220
2,010
170
n.a.
241
20
35
36
4
116
229
299
60
18
53
77
15
36
55
75
15
35
56
72
15
27
65
75
15
24
63
81
16
41
65
79
17
51
25
5
497
254
115
98
63
24
206
66
29
91
61
32
102
64
30
99
60
25
116
64
31
-630
-726 -8,719 -1,794 -2,370 -2,300 -2,255 -2,290
-2,564
-379
-45
-92
-421 -4, 778
-33 -1,303
-131 -1,104
-1,411
-340
-365
15
16
17
Merchandise adjusted excluding military
Military expenditures
Transportation
18
19
20
Travel
_ _ _ _ _ _ _
Private payments for other services
U.S. Government payments for other services. __
-142
-152
-12
-18
-38
-3
-42
-38
-3
-60
-38
-4
-22
-38
—2
-17
-41
-3
-45
-41
-3
-653
-103
-110
-72
-28
-29
-203
-27
-27
-275
-24
-26
-103
-24
-28
-69
-27
-26
-224
-27
-25
21
22
Income on foreign investments in the United States:
Private payments 2
U S Government payments
-192
-42
-38
-5
-48
-8
-36
-13
-70
-16
-37
-16
-38
-14
-425
-243
-100
-65
-107
-60
-98
-57
-120
-61
-120
-63
-108
-64
123
127
9
-47
34
127
-57
*>2,052
"558
"675
*>209
*>610
n.a.
n.a.
123
127
9
-47
34
127
-57
1,514
411
454
122
527
477
270
-47
47
-10
-10
-11
-11
-13
13
-13
-13
-11
-11
-13
-13
p-978
-440
*>-232
-85
p-376
-155
p-179
-92
*>-191
-108
n.a.
-89
n.a.
-93
-31
-6
-7
-9
Q
-7
-9
-16
-4
4.
-4
-4
-4
-170
*-538
-76
-194
-40
p-147
-13
-32
-41
»— 221
-23
-91
-41
p-87
-14
-37
-48
*-83
-26
-34
-39
n.a.
-16
-34
-44
n.a.
-14
-35
76
117
-2
-60
21
116
-70
1,074
326
299
30
419
388
177
-144
23
24
25
26
27
28
29
30
Balance on goods and services (lines 1 and 14)
Excluding transfers under militaty grants (lines 2 and
14)
_
-_.
Unilateral transfers, net; transfers to foreigners (— )
Excluding military grants
Private remittances
Military grants of goods and services.
_
Other U.S. Government grants
_ __
U S Government pensions and other transfers
31
Balance on goods, services, and unilateral transfers (lines 23
and 25 or 24 and 26)
32
Trans actions in U.S. private assets, net; increase in assets
(-)
_
__
33
34
35
36
Direct investments 2
Foreign securities newly issued in the United States
Redemptions
_
_
__ _
Other transactions in foreign securities
__ __ _
37
38
Claims reported by U.S. banks:
Long-term
Short-term
_ _ _ _ _ _ • _ '
39
40
Claims reported by U.S. residents other than banks:
Long-term
S hort-term
41
Transactions in U.S. Government assets, excluding official
reserve assets, net; increase in assets ( — )
Loans a n d other long-term assets __ _ _
Foreign currencies and other short-term assets
44
45
Repayments on credits:
Scheduled
Nonscheduled
_
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
_ _ _ _ _ _
__
Transactions in U.S. official reserve assets, net; increase in
assets ( — )
Gold 3
Convertible currencies
Gold tranche position in IMF 3
Transactions in foreign assets in the United States, net;
increase in foreign assets (U S liabilities) (+)
Direct investments 2 _
_ _ _
U S securities other than Treasury issues
Long-term liabilities reported by U S banks
Other liabilities reported by U.S. private residents other
than banks:
Long-term _ _
_ _ _
_
Short-term
Liabilities of U.S. Government, excluding marketable or
convertible securities:
Associated with specific transactions
Other nonmarketable, nonconvertible, medium-term
securities
U.S. Government marketable or convertible bonds and
notes. _
_ _ _ _
_ _ _ _ _ _ _
Deposits and money market paper held in the United
States
Errors and omissions and transfers of funds between foreign
areas, net; receipts by foreign areas (— )
NOTE.—See footnotes on p. 28.
-255
20
-60
-185
-68
-122
-163
34
-68
-52
-324
-80
-100
— 12
-100
7
10
-7
-6
10
-957
-651
92
33
-247
-128
-472
-34 -1,108
-15
-10
35
110
(*)
-477
—9
4
16
-291
2
9
42
-93
-175
7
44
-247
-4
15
8
5
26
-443
-3
9
44
1
100
-8
110
3
-23
4
-59
2
72
(*)
20
-1
-39
108
-59
-140
-62
114
49
62
14
72
-60
98
13
29
-70
26
12
_ __
_ _ _ _ _ _
42
43
^
-976 -1,283 -1,177 -1,342 -1,380
-314
326
-332
-331
-359
-210
-337
-246
-311
-246
21
-35
4
71
(*)
-16
1
-8
4
-103
-1
59
(*)
-28
-5
22
4
-17
2
-3
-1
30
-12
83
-46
8
26
4
15
4
3
2
-83
33
-40
-79
141
11
-68
2
-86
_2
-436
120
-109
46
-159
31
-87
5
-81
38
-114
9
5
162
187
22
1
49
44
179
47
7
36
1
51
1
16
4
4
10
10
5
-2
5
(*)
-83
-128
"7
-545
-40
-70
-544
109
365
-166
1,498
809
329
207
153
28
223
-150
-395
76
-116
-30
-40
-132
-412
-64
173
19
346
7
-173
1,449
49
726
83
364
-35
214
-7
145
8
155
-127
213
10
420
-728
855
443
277
59
359
-252
485
-26
-998
-905
-395
-52
-520
-27
1
-2
of
-77
-230
-31
50
-228
-20
-26
-60
49
-8
-62
1
-6
-50
62
38
8
18
24
22
4
26
-64
9
-1
-10
-7
-11
60
-24
13
32
2
3
-1
-4
2
33
10
6
21
2
8
(*)
81
(*)
11
-2
44
1
12
1
14
29
_2
16
3
12
13
46
292
46
111
7
(*)•
-6
-1
70
21 i ' .' . — 7
(*)
139
829
255
(*)
(*)
-7
313
-378
95
291
58
46
473
404
5
11
-248
507
171
-783
(*)
-5
-81 -1,463 -1,033
489
-650
461
-118
(*)
12
92
1
-3
297
9
12
(*)
3
59
142
26
-73
-5
-53
-24
.
-167
125
-69
-371
-511
-231
312
-447
754
-62
-293
-756
508
-700
.:•
26
SUEVEY OF CUEEENT BUSINESS
September 1966
Table 8.—U.S. International Transactions—Continued
[Millions of dollars]
Canada
Eastern Europe
Line
(Credits +; debits -)
1965
Year
I
IV
III
II
1965
1966
Year
II*
I'
1966
II
I
IV
III
I'
II*
1 Exports of goods and services _
2
Excluding transfers under military grants
176
176
31
31
48
48
38
38
59
59
63
63
52
52
7,594
7,594
1,639
1 639
1,980
1,980
2,165
1,810
1 810, 2,165
1,985
1,985
2,356
2,356
3
147
(*)
26
(*)
42
(*)
25
(*)
54
(*)
56
46
(*)
5,474
60
1,181
11
1,442
29
1,295
13
1,556
7
1,470
12
1,776
13
2
2
2
2
148
30
38
40
40
35
40
105
40
23
1
145
40
22
2
151
50
24
2
90
55
23
2
120
43
32
1
155
43
32
2
145
103
(*)
142
120
135
100
270
122
157
115
153
142
4
5
6
Merchandise, adjusted, excluding military
Transfers under military sales contracts.
Transfers under military grants, net
Transportation
7
8
9
10
Travel
Fees and royalties from direct investments
Other private services ___
Other U.S. Government services
11
12
13
Income on U.S. investments abroad:
Direct investments 2—
Other private assets
U.S. Government assets
6
1
(*)
(*)
(*)
(*)
(*)
12
1
3
(*)
3
(*)
3
1
3
(*)
3
(*)
3
(*)
491
185
92
7
2
8
-_.__
(*)
1
6
1
(*)
1
1
1
(*)
692
445
(*)
-165
-34
-39
-44
-48
-45
-51 -6, 153 -1,270 -1,519 -1,736 -1,628 -1,537 -1,853
-138
—1
-7
-30
„
-33
-1
-2
-33
(*)
-42
-44 -4, 832 -1,055 -1,211 -1, 233 -1, 333 -1, 299 -1, 514
<2»
-40
(*)
-2
% <?,
-1
(*)
-2
-8
(*)
-2
-2
(*)
—2
(*)
(*)
8
(*)
(*)
(*)
(*)
(*)
Imports of goods and services __
14
1
15
16
17
Merchandise, adjusted, excluding military
Military expenditures
Transportation.
_ .
18
19
20
Travel
Private payments for other services __
U.S. Government payments for other services
21
22
Income on foreign investments in the United States:
Private payments 2
U.S. Government payments
-11
23
24
Balan ce on goods and services (lines 1 and 14)
Excluding transfers under military grants Qines 2 and 14)
25
26
27
28
29
30
(*)
(*)
(*)
<2»
-172
-154
—42
-32
-48
-38
-43
-43
-39
-41
-43
-32
-54
-40
-1
(*)
-2
-3
(*)
-2
-600
-60
-15
-50
-17
-3
-130
-15
-4
-325
-14
-3
-95
-14
-5
-55
-23
-5
-144
-21
-7
(*)
(*)
8
-249
-71
-54
-17
-56
-17
-57
-18
-82
-19
-60
-20
-54
-19
1
1
1,441
1,441
369
369
461
461
74
74
537
537
448
448
503
503
-7
-7
-9
-9
-9
-9
—9
-9
-9
-9
-10
-10
-2
-1
-2
-1
-2
11
11
-3
-3
9
9
-6
-6
11
11
18
18
Unilateral transfers, net; transfers to foreigners (— )
Excluding military grants
-18
-18
-4
-4
-5
-5
-5
-5
-4
-4
-3
-3
-4
-4
-34
-34
Private remittances
_
Militarv grants of goods and services
Other U.S. Government grants _ _
U.S. Government pensions and other transfers
-8
-2
-2
-2
-2
-2
—2
-5
6
1
2
2
1
(*)
1
-4
-1
-1
-1
-1
/*•)
-1
-1
-29
-7
-7
-8
-7
-8
-8
31
Balance on goods, services, and unilateral transfers (lines 23 and 25, or
24 and 26).
-7
—7
4
-n
7
15
-3
1,407
362
452
65
528
439
493
32
Transactions in U.S. private assets, net ; increase in assets ( — ) . .
-4
-2
-1
-3
2
-1
1
-561
-62
34
33
34
35
36
Direct investments 2
Foreign securities newly issued in the United States
^Redemptions..
Other transactions in foreign securities _
(*)
(*)
(*)
37
38
Claims reported by U.S. banks:
Long-term
Short-term
8
-12
2
-3
2
-5
39
40
Claims reported by U.S. residents other than banks:
Long-term
. .
Short-term...
(*)
(*)
(*)
(*)
2
_
Transactions in U.S. Government assets, excluding official reserve assets,
net ; increase in assets ( — ) .
41
Loans and other long-term assets
Foreign currencies and other short-term assets.
44
45
Kepayments on credits:
Scheduled
Nonscheduled
__
_ .
7
3
5
3
2
14.
42
43
19
4
1
(*)
1
1
(*)
1
6
1
-1
4
Gold 3Convertible currencies
Gold tranche position in IMF
47
48
49
Direct investments 2
..
U.S. securities other than Treasury issues
Long-term liabilities reported by U S banks
54
55
Other liabilities reported by U.S. private residents other than banks:
Long-term...
Short-term
56
57
Liabilities of U.S . Government, excluding marketable or convertible securities:
Associated with specific transactions
Other nonmarketable, nonconvertible medium-term securities
58
59
U.S. Government marketable or convertible bonds and notes
Deposits and money market paper held in the United States
__ _
Errors and omissions and transfers of funds between foreign areas, net;
receipts by foreign areas (— ) .
NOTE.—See footnotes on p. 28.
-19
410
-37
22
8
174
1
129
9
85
16
22
12
4
-13
222
-6
126
-22
21
-3
72
-3
33
-12
6
1
-4
1
2
(*)
1
-4
1
2
-25
19
6
-a
-97
-50
-3
-100
3
-50
(*)
-162
-23
28
26
22
102
-4
13
-4
26
- 1
1
4
-31
(*)
21
-6
-3
51
52
53
60
-146
-235
24
89
-3
4
13
-3
6
6
-6
(*)
(*)
(*)
(*)
(*)
(*)
(*)
.....
(*)p
1
(*)
(*)
(*)
(*)
(*)
<*)
(*)
-1
(*)
(*)
(*)
(*)
(*) .....
13
-21
-2
( }
-2
-3
-16
(*)
-25
19
6
-361
-311
-157
379
-272
21
43
(*)
3
Transactions in foreign assets in the United States, net; increase in foreign
assets (U.S. liabilities) (+).
50
-188
-233
98
17
-241
-98
37
46
-2
-2
2
2
1
Transactions in U.S. official reserve assets, net; increase in assets (— )
46
-296
-208
-413
85
-16
(*)
-1
2
2
(*)
8
-484
-323
-181
30
14
-185
-195
17
2
-44
441
1
-2
(*)
C)
(*)
(*)
8
-297
-895
-709
108
147
(*)
3
-236
63
14
-53
30
-18
-6
(*)
(*)
6
-2
—2
7
(*)
-23
(*)
26
-14
-410
45
-463
-8
-118
—482
35
1
3
-13
(*)
(*)
-14
1
21
1
-344
29
5
-9
413
-42
-242
-215
42
-266
306
3
-137
-126
SURVEY OF CURRENT BUSINESS
September 1966
27
Table 8.—U.S. International Transactions—Continued
[Millions of dollars]
Latin American Republics and Other Western Hemisphere
1965
Year
p6,928
6,869
I
II
1966
III
* 1,500 p 1,808
1,483
1,787
IV
p 1,703 v 1,917
1,696
1,903
Australia, New Zealand and South Africa
Japan
II
1965
1966
1965
HP
Year
I
na
1,735
na
1,906
2,692
2,692
641
641
667
667
661
661
723
723
689
689
Ir
III
IV
III
IV
Line
HP
!•«•
Year
I
725
725
1,758
1,758
380
380
467
467
498
498
413
413
367
367
404
404
HP
I'
1966
II
1
2
4,237
31
P59
337
879
2
Pl7
73
1,113
8
P21
86
1,040
5
p7
87
1,205
16
Pl4
91
1,114
5
na
85
1,150
4
na
99
2,051
31
487
6
495
17
500
4
569
4
529
6
559
11
1,261
96
274
9
352
8
366
43
269
36
273
4
272
13
148
34
39
38
37
39
40
69
15
18
19
17
18
18
3
4
5
6
448
171
183
67
85
35
44
18
114
36
46
16
130
46
46
15
119
54
47
18
100
41
46
18
131
43
46
18
26
20
113
12
4
4
28
2
8
6
28
2
8
5
28
6
6
5
29
2
6
6
30
1
9
7
30
3
27
59
67
1
4
13
17
(*)
8
12
18
(*)
9
14
16
(*)
5
18
20
(*)
10
17
18
(*).
7
8
9
10
1,014
257
124
263
61
23
264
68
36
239
60
28
248
68
37
235
67
24
298
79
38
50
209
32
11
55
10
13
52
7
11
52
9
15
50
6
10
53
9
10
51
5
139
38
1
39
8
1
41
10
(*)
36
12
(*)'
20
9
(*)
43
13
(*)
11
12
13
-5,880 -1,425 -1,481 -1,424 -1,550 -1,624 -1,535 -3,082
-4, 355 -1,027 -1, 124 -1, 039 -1, 165 -1, 206 -1, 137 -2, 427
-162
-42
-40
-41
-39
-40
-41
-323
-262
-61
-69
-65
-67
-63
-71
-154
-790
-220
-180
-198
-192
-228
-200
-60
-57
-16
-13
-14
-14
-13
-13
-6
-123
-28
-34
-25
-36
-35
-31
-14
23
8
6
20
16
1
(*)
-622
-767
-858
-835
-829
-929
-804
-178
-190
-222
-214
-216
-280
14
-481
-72
-35
-603
-80
-39
-695
-76
-40
-648
-95
-40
-644
-99
-42
-724
-108
-40
-635
-57
-61
-137
-13
-15
-144
-17
-16
-180
-15
-15
-174
-12
-15
-171
-13
-16
-234
-17
-17
15
16
17
-8
-1
—4
-16
-1
-4
-19
-2
-3
-17
-2
-3
-9
-2
-3
-18
-2
-4
-20
-1
-18
-6
-1
-3
-4
(*)
-6
(
-5
-5
(*)
-5
-7
(*)
-6
-6
*1*
(
la
18
19
20
-121
-10
-28
-3
-28
-2
-31
-2
-34
-3
-35
-4
-38
-4
-73
-25
-14
-7
-18
-6
-18
-5
-23
-7
-22
-8
-25
-8
-8
A
-2
-1
-2
-1
-2
-1
-2
-1
-2
-1
-2
-1
21
22
v 1,048
989
P75
58
"327
306
p279
272
P367
353
na
111
na
371
-390
-390
19
19
-100
-100
-197
-197
-112
-112
-140
-140
-204
-204
954
954
202
202
277
277
276
276
199
199
151
151
124
124
23
24
p-548
-489
p-118
-101
p-160
-139
p-152
-145
p-118
-104
na
-117
na
-127
-30
-30
-8
-8
-7
-7
-7
-7
-8
-8
-7
-7
-7
-7
-13
-13
-3
-3
-3
-3
-3
-3
-4
-4
-4
4
-3
25
26
-130
p-59
-331
28
-32
p-17
-61
-33
p-21
-100
-31
p-7
-106
-34
p-14
-64
-31
na
-77
-33
na
-86
—8
-22
-6
-5
-5
—6
-5
-5
-9
-2
-2
-2
-3
-3
-2
(*)
-8
-1
-1
—1
27
28
29
30
500
-43
-6
244
-420
167
127
249
(*)
(
*}n
(
*}o
(
*>n
(
*\
—2
11
-107
-204
-120
-147
(
*>n
(*)
-211
941
199
274
273
195
147
121
31
-388
-126
7
54
-323
70
-164
-97
-45
131
-1
-22
99
-319
-90
-116
-62
-51
-94
-94
32
-260
-37
11
-13
-73
-5
2
-2
-90
-11
1
-3
21
-6
2
-2
-118
-15
6
-6
-53
-18
9
3
-70
-14
1
-9
-21
-52
7
7
-16
-8
-3
-171
-63
-80
-22
-6
(*)
3
1
1
16
-38
3
3
4
-19
4
1
5
-23
-49
-1
3
-8
-62
4
2
-5
-17
(*)
(*)
-11
2
3
8
-35
1
2
4
-3
33
34
35
36
-20
-54
-131
40
80
23
4
35
27
-152
31
95
-41
-22
-15
59
-42
-51
-7
-19
8
125
26
4
11
-16
27
49
-97
-17
-36
8
-2
-10
-38
-10
-21
-5
-32
-8
-33
(*)
37
38
-48
33
-5
48
-4
11
6
-6
-45
-20
-3
6
-9
12
8
-1
-4
9
-4
4
-9
(*)
1
-10
7
17
-1
-11
-2
-3
-1
-8
-1
4
3
-4
-1
2
-335
-111
-64
-42
-118
-79
-8
^
-99
62
18
14
24
6
4
-5
-11
4
2
3
-20
2
-630
72
-186
21
-147
15
-112
23
-185
13
-156
10
-175
8
-24
5
-3
-12
-4
10
-7
5
-10
2
-18
-2
-15
2
-64
(*)
-32
(*)
-32
(*)
54
64
4
43
4
50
4
65
2
63
5
67
14
25
8
7
1
26
9
5
24
8
50
3
35
9
3
-17
8
-58
4
29
1
4
56
8
8
4G
-17
8
-58
4
29
1
4
56
8
8
47
__._48
....49
476
167
65
15
229
54
22
292
103
-9
110
31
-14
39
3
-5
-2
2
1
63
7
-7
-29
19
-3
7
8
12
42
-16
25
111
33
1
2
-1
(*)
11
1
1
5
-1
-4
1
-1
1
4
211
12
(*)
(*)
-9
(*)
(*)
6
-5
11
-1
422
4
181
-2
-17
49
-3
209
-236
105
-117
-158
-66
(*)
.(*)
(
la
-12
(*)
(*)
(*)
8
88
-55
-21
18
-2
1
(*)
1
21
(*)
(*)
9
(*)-2
4
-5
1
(*)
(*)
4
54
n
-2
I
3
-5
(*)
2
14
(*)
(*)
39
(
*l!
-43
(*)
(*)
w
-,
(*)
(*)
1
3
4
-11
1
10
-11
3
-1
2
4
-32
-4
13
-41
2
-6
-1
(*)
2
-92
4
247
4
96
(*)
-20
(*)
104
(*)'
67
(*)
-47
.(*)
-43
"»
(*)
13
(*)
23
5
-40
-7
78
-35
147
-61
27
164
138
-673
-127
-199
-179
-9
1
41
42
43
2
1
44
45
-1
-3
23
31
50
i
44
1
39
40
«!
51
52
53
(*)
2
54
55
-1
9
2
-2
56
....57
%
(*)
16
(*)
25
58
59
-168
-78
-59
60
(*)
Table 8.—U.S. International Transactions—Continued
[Millions of dollars]
International Institutions and Unallocated l
Other countries in Asia and Africa
(Credits +; debits -)
Line
Year
1 Exports of goods and services
__ ___
Excluding transfers under military grants _ .
2
I
HP
p 7, 672 P 1,712 P2.286 p 1,767 P 1,907
6,641
1,504
1,863
1,589
1,685
n.a.
1,713
n.a.
1,779
III
IV
3
4
5
6
Merchandise, adjusted, excluding military
Transfers under military sales contracts
Transfers under military grants, net
Transportation
4,198
95
p 1, 031
383
882
30
P208
84
1, 206
16
P423
107
1,008
12
P178
92
1,102
37
"222
100
1,072
34
n.a.
91
1, 139
39
n.a.
93
7
8
9
10
Travel
Fees and royalties from direct investments
Other private services
Other U.S. Government services
42
95
155
123
6
27
39
29
11
20
38
32
16
18
39
31
9
30
39
31
7
24
42
33
11
12
13
Income on U.S. investments abroad:
Direct investments 2 _ _ _ __
Other private assets
U.S. Government assets
1,237
114
199
335
29
43
352
26
55
300
31
42
250
28
59
326
33
51
-4,049
-849
14
Imports of goods and services
15
16
17
Merchandise, adjusted, excluding military
Military expenditures
Transportation
18
19
20
Travel
Private payments for other services
U.S. Government payments for other services
21
22
Income on foreign investments in the United States:
Private payments 2
U.S. Government payments.
23
24
Balance on goods and services (lines 1 and 14)
Excluding transfers under military grants (lines 2 and
14)
25
26
Unilateral transfers * net; transfers to foreigners (— )
Excluding military grants
8
15
45
10
5
16
1
7
9
-671
-157
-133
-747
-255
-38
-765
-320
-40
-118
(*)
-390
-181
-200
-37
-177
-173
-34
-42
-31
(*)
-101
-29
i
-21
-49
-15
-14
-3
-7
-17
-7
-18
-7
-19
-7
-17
-25
-72
-5
-19
-6
-18
-87
-98
-104
-99
-108
P801
n.a.
n.a.
-277
-50
-70
-107
-50
-79
-85
520
579
571
521
-277
-50
-70
-107
-50
-79
-85
p-856 p-548
-370
-433
p-621
-399
n.a.
-590
n.a.
-476
-91
-91
-15
-15
-34
-34
-20
—20
-20
-20
-17
-17
-61
-60
-250
-65
P- 1,031 p-208 p-423 p-178
-288
-351
-1,299
-347
-83
-22
-18
-21
-64
p-222
-313
-22
-67
n.a.
-501
-22
-63
n.a.
-392
-21
-3
(*)•
(*)
150
180
-19
45
"3,623
2.592
P863 P 1, 261
655
p-2,663 p-638
-1,632
-430
960
225
-326
-15
-23
838
405
p 698
-22
-22
-1
-15
(*)
-368
-65
-104
-2
(*)
(*)
-21
(*)
-18
-20
(*)
-17
(*)
-129
-88
(*)
-34
'(*)
-70
-99
-102
-52
-9
-255
-195
-203
58
2
11
44
-111
-16
4
-4
-1
-42
5
4
-18
-23
9
2
-259
-15
4
10
-43
-179
29
-2
-32
44
-160 _ _ _ _ _ _ _ _
4
5
-15
13
-19
4
4
-9
-68
--- _ _ _ _ _ _ _ _
13
4
25
3
-13
-85
31
-46
-79
2
20
-3
21
f*)
(*)
(*)
(*)
(*)
(*)
(*)
<*)
(*)
(*)
1
-6
-1
2
-17
-8
-3
2
4
-17
(*)
(*)
(*)
(*)
(*)
(*)
-184
-180
-309
2
4
-1,373
-221
-469
-366
-317
-167
-301
-1, 339
-202
-350
87
-379
-128
-262
-154
-348
-7
-286
72
-251
-98
(*)
(*)
41
1
38
50
(*)
34
4
47
(*)
47
1
4
1
24
9
-2
34
11
249
89
343
21
2
2
2
(*)
2
32
5
14
(*)
2
(*)
(*>
163
5
1
32
Gold
Convertible currencies
Gold tranche position in IMF 3
458
(*)
20
-1
2
20
28
221
(
\
-2
(*)
-5
-1
-2
24
34
11
70
125
186
2
5
-4
(*)
15
5
3
8
-1
10
"«
4
-4
34
-1
14
-15
3
(*)
(*)
292
(*)
8
103
_1
(*)
(*)
-2
-2
11
5
42
(*)
(*)
(*)
(*)
9
-2
(*)
351
-15
37
46
290
21
11
-97
24
-94
3
68 2-466
330
-26
134
22
-68
98
-29
-64
-73
117
21
208
2
177
7
5
7
31
74
4
•'(*)
-97
-176
(*)
(*)
(*)
-21
-16
(*)
(*)
-149
-106
(*)
225
39
13
115
148
193
-51
46
-20
922
100
307
317
198
-25
208
378
79
251
3
-125
117
91
(*)
(*)
-42
-18
-56
-4
-39
-23
-54
291
-209
210
-68
137
•(*)
(*)
3
392
Revised.
p Preliminary.
n.a. Not available.
Includes transactions with shipping companies operating under the flag of Honduras,
Liberia, and Panama.
2
Excludes undistributed profits of subsidiaries.
5
9
-22
-8
Transactions in U.S. official reserve assets, net; increase
in assets ( — )
28
11
12
1
-19
-7
Transactions in U.S. Government assets, excluding official
reserve assets net* increase in assets ( )
r
1
69
46
1
-19
-6
41
Errors and omissions and transfers of funds between
307
29
61
-17
-5
2
-11
60
3
25
-15
-5
39
40
U.S. Government marketable or convertible bonds and
notes
Deposits and money market paper held in the United
States... - _ _ -_. __
2
25
-14
-5
Claims reported by U.S. residents other than banks:
L ong- term
Short-term
59
3
24
-65
-21
-69
-41
58
2
23
(*)
-197
-102
56
57
4
23
(*)
-66
Claims reported by U.S. banks:
Long-term
Short-term
Liabilities of U.S. Government, excluding marketable
or convertible securities:
Associated with specific transactions
Other nonmarketable, nonconvertible, medium-term
securities
1
23
(*)
-50
—2
-51
37
38
Short-term
10
93
-26
—2
-48
-259
-46
4
7
Other liabilities reported by U.S. private residents other
than banks:
48
13
20
41
37
-28
2
-50
-178
-30
3
-2
54
55
45
-29
1
-46
-549
-134
16
5
Direct investments 2
U.S. securities other than Treasury issues
Long-term liabilities reported by U S banks
(*)
'.(*)
49
-43
1
-45
-999
51
52
53
92
92
45
-24
1
-39
Direct investments 2
_ __ _
Foreign securities newly issued in the United States
Redemptions
Other transactions in foreign securities
Transactions in foreign assets in the United States, net;
increase in foreign assets (U.S. liabilities) (+)
94
94
46
-124
—5
-180
33
34
35
36
50
131
131
35
-736
-198
-37
Transactions in U.S. private assets, net; increase in assets
47
48
49
HP
Ir
(*)
(*)•
••(*)
-721
-153
-42
32
46
93
93
-597
-136
-33
Balance on goods, services and unilateral transfers (lines
23 and 25, or 24 and 26)
__
Repayments on credits:
Scheduled
Nonscheduled
87
87
-2, 795
-710
-149
31
44
45
(*)
83
83
-741
-223
-37
Private remittances ._
_ _ _
__
Military grants of goods and services
Other U.S. Government grants _ _ _ _ _ _
__ __
U S Government pensions and other transfers
Loans and other long-term assets
394
394
IV
III
175
-1,025 -1,069 -1,106 -1,142 -1,258
27
28
29
30
42
43
II
I
Year
!«•
II
1966
1965
1966
1965
-162
-196
-124
Reflects $259 million payment of gold portion of increased U.S. subscription to the IMF
in the second quarter of 1965.
Source: U.S. Department of Commerce, Office of Business Economics.
September 1966
SURVEY OF CURRENT BUSINESS
29
Table 9.—Changes in Reported Foreign Gold Reserves and Liquid Dollar Holdings Through Known Transactions With the United States
and Through Other Transactions, by Area 1
[Millions of dollars]
1966
1965
Line
II*
IV
III
II
Total
All areas:
Total increase
Through known transactions with the United States..
Through other transactions
1,307
1,219
-66
164
-230
-232
-220
-12
973
977
-4
632
298
334
391
34
357
141
142
-1
1,176
133
1,043
146
-314
779
123
656
74
187
-113
491
-323
814
-117
-182
65
258
347
-89
702
678
- 24
165
-112
277
461
374
87
20
379
-359
n.a.
100
n.a.
n.a.
237
n.a.
5
-11
16
-5
-19
14
1
2
-1
Western Europe, including United Kingdom:
Total increase
_,
.____
Through known transactions with the United States _
Through other transactions
....
United Kingdom:
Total increase
Through known transactions with the United States.
Through other transactions
__.
Eastern Europe:
Total increase
....
Through known trasactions with the United StatesThrough other transactions
-2
-5
13
-8
21
Canada:
13
14
15
Total increase
Through known transactions with the United States..
Through other transactions
—302
—909
607
-425
-408
-17
-451
389
195
-245
-3
-321
-50
-271
-196
-310
114
339
168
171
188
298
-110
-85
-194
109
47
-105
152
189
169
20
-47
-43
-4
-114
-97
-17
275
329
—54
100
65
35
3
127
-124
104
43
61
-47
173
-220
-43
95
-138
-64
-576
512
-60
-114
54
-176
77
-36
-166
130
131
-120
251
111
-62
173
144
-34
178
474
1,344
—870
__
_
277
326
-49
337
-328
11
1
311
-200
157
-58
198
412
-214
133
203
-115
65
-180
433
Latin American Republics and other Western Hemisphere:
16
17
18
Total increase.
_-_._.
Through known transactions with the United States
Through other transactions
._
Japan:
19
20
21
Total increase
....
Through known transactions with the United States...
Through other transactions
___
Australia, New Zealand, and South Africa:
22
23
24
Total increase
..
Through known transactions with the United States
Through other transactions
._
__..
.
.
Other countries in Asia and Africa:
25
26
27
Total increase
Through known transactions with the United States
Through other transactions
-
__ —
77
370
International organizations and unallocated:
28
29
30
Total increase
.
Through known transactions with the United States 2
Through other transactions.
r
Revised.
*> Preliminary.
n.a. Not available.
1. Total increase represents changes in reported gold reserves of foreign central banks and
governments (including international organizations but excluding the countries of the Soviet
bloc) net of convertible currencies included in U.S. official reserve assets (table 1, line 48) plus
foreign liquid claims on the United States (table 1, lines 58 and 59) plus net changes in foreign
IMF positions through U.S. dollar transactions.
Changes through known transactions with the United States represents for each of the separate
areas shown the sum (with sign reversed) of table 1, lines 23, 25, 32, 41, and 51-57. For "All
areas" line 60 is added, and for "All areas" and "International organizations and unallocated" line 23 is adjusted to exclude net sales or net purchases (-) of gold by U.S. private
residents to the U.S. monetary gold stock. These were (in millions of dollars): 1965: vear,
-118; I, -21; II, -31; III, -29; IV, -37; 1966: I, -34; II, -42.
-604
309
—913
-843
24
-867
718
-107
-192
85
Changes through other transactions equals "Total increase" less "Changes through known
transactions with the United States." For "All areas" this difference represents known
acquisitions (+) of sales (—) of g9ld by foreign central banks and governments outside the
United States. These net acquisitions equal the excess of new gold production abroad plus
sales by the Soviet bloc less net gold purchases by others. For each of the separate areas
shown the difference reflects net gold and dollar receipts (+) or payments (-) resulting from
their transactions with countries other than the United States, and from unrecorded transactions with the United States.
2. Includes transactions with shipping companies operating under the flag of Honduras,
Liberia, and Panama.
Source: U.S. Department of Commerce, Office of Business Economics.
by SAMUEL PIZER and FREDERICK CUTLER
Foreign Investments, 1965-66
JET OUTFLOWS of U.S. private
capital, which had reached a peak
amount of $6.5 billion in 1964, receded
to $3.7 billion in 1965. Although
outflows in the first half of 1966 rose
to a $4.0 billion rate, this increase
reflected a carryover of $150 million
of Canadian new issues originally scheduled for 1965 and a special outflow of
$180 million for direct investments.
Without these transactions, the annual
rate in the first half of this year would
have been somewhat under the 1965
rate.
In this article, the components of
these capital flows are discussed in
some detail, with special emphasis on
the flows connected with direct investments abroad. In particular, a
report is given on the latest projections
by U.S. companies of the plant and
equipment expenditures of foreign
affiliates. These expenditures are financed in part by capital flows from
the United States and by undistributed
profits of the affiliates; both types of
financing are covered in this article.
Table 1.—Plant and Equipment Expenditures of Direct Foreign Investments by Major
Industries, 1960-67 1
[Millions of dollars]
Projected expenditures
Realized expenditures
1966
1967
Area and industry
Projected in
MayJune
1965
Projected in
Jan.Feb.
1966
Projected in
June
1966
Projected in
June
1966
1960
1961
1962
1963
1964
1965
All areas, total _
Mining and smelting
Petroleum
_ __ _
Manufacturing
Trade
.__
Other industries
3,789
426
1,467
1,397
196
303
4, 122
312
1, 534
1,782
222
272
4,618
438
1,628
2, 04?
253
257
5,068
398
1,889
2,251
266
264
6,199
463
2,073
3,007
328
328
7,531
682
2,267
3,893
351
338
7, 323
493
2,330
3,809
396
295
8,764
588
2,680
4,786
416
294
9,162
826
2,727
4,797
478
334
9,210
693
2,936
4,790
495
296
Canada, total
Mining and smelting. _
Petroleum
Manufacturing _ _ _
Trade
Other industries
__
1,259
290
360
384
60
165
1,016
165
315
385
39
112
1,163
245
300
458
55
105
1,279
195
375
535
71
103
1,553
220
385
771
80
97
1,908
265
503
952
84
104
1,696
190
358
964
72
112
2,035
201
426
1,201
84
123
2,262
340
552
1,171
84
115
2,149
244
570
1,147
85
103
..
750
78
340
211
31
90
795
87
306
254
41
107
860
95
339
286
41
99
870
109
307
308
43
103
1,031
123
327
413
50
118
1,079
160
307
446
65
101
932
109
334
336
54
99
1,139
176
378
443
70
72
1,240
214
336
511
78
101
1,250
193
391
505
76
85
Europe, total.. _
Mining and smelting...
Petroleum
__
._
Manufacturing..
__
Trade
Other industries
1,092
2
345
650
83
12
1,474
1
438
906
116
13
1,674
4
494
1,024
129
23
1,903
5
642
1,107
118
31
2,179
3
645
1,328
160
43
2,674
5
603
1,873
158
35
2,893
8
776
1,855
221
33
3,545
5
972
2,323
213
32
3,584
5
873
2,406
261
39
3,714
3
940
2,467
266
38
688
56
422
152
22
36
837
59
475
238
26
40
921
94
495
274
28
30
1,016
89
565
301
34
27
1,436
117
716
495
38
70
1,869
252
854
622
43
98
1,802
186
862
654
49
51
2,045
206
904
819
49
67
2,077
267
966
710
55
79
2,096
253
1,035
670
68
70
Latin America, total 2 _
Mining and smelting
Petroleum
Manufacturing.
Trade
Other industries
Other areas, total
Mining and smelting
Petroleum
_
Manufacturing. ._
Trade
Other industries
NOTE.—Data for 1966 and 1967 are projected on the basis of company estimates. In this and subsequent tables, detail
may not add to totals because of rounding.
1. Data for 1957-59 are shown on page 28 of the Survey of Current Business for September, 1965.
2. Includes "other Western Hemisphere."
30
Data for other sources and uses of
funds of foreign affiliates are now
being processed and are scheduled for
publication in the November issue of
the SURVEY.
The most drastic shift in the makeup
of private capital outflows has been
the 'cessation of net lending by U.S.
banks. Such outflows reached a peak
of $2.5 billion in 1964, but were reversed
to a net inflow of $0.1 billion in 1965,
and $0.2 billion in the first half of
1966.
Although the initial pressure
for this reversal came from the application of foreign lending guidelines
introduced in the Government's balance of payments program (which
were announced in February 1965 and
extended in December 1965), the overriding factor has been the intense
domestic demand for bank loans. In
the second quarter of 1966, there was
a modest resumption of net foreign
lending by banks, but this is probably
only a temporary reversal of the recent
trend.
American investments in foreign
securities have been limited since July
1963 by the Interest Equalization Tax
(IET) and by ceilings administered by
the Federal Reserve Board on such investments by nonbanking financial institutions. New foreign issues sold to
U.S. investors have remained sizable
but have been confined largely to borrowers whose securities are exempt from
the tax. New issues were at an annual
rate of over $1.0 billion in the first half
of 1966 even if the carryover from 1965
of $150 million of Canadian issues is excluded. The Canadian Government
has compensated in part for the continued large-scale Canadian borrowing in
NOTE.—This report was prepared in the International
Investment Section of the Balance of Payments Division.
SUKVEY OF CUEEENT BUSINESS
September 1966
the United States by advance repatriations in the first half of this year of over
$100 million of an outstanding Canadian Government issue.
Capital outflows for direct investment abroad—that is, to foreign business organizations in which U.S. investors have an equity interest of at least
10 percent—have accounted for a rising
share of total private capital outflows.
CHART 8
Projections of Plant and Equipment
Expenditures Abroad
® U.S. firms report a steep rise in capital outlays
by foreign affiliates in 1966
® Further gains indicated for 1967
Billion $
5.0
4.5
MANUFACTURING AFFILIATES
« Actual
;
/
• Projected 1-year -ahead
Projected 2-years ahead
4.0
3.5
3.0
2.5
2.0
1.5
I
1.0
I
61
1960
I
62
I
63
I
64
I
65
)
66
67
Petroleum investments abroad also show vigorous
growth in 1966, continuing into 1967
PETROLEUM AFFILIATES
2.5
2.0
1.5
I
1.0
1960
I
I,.
61
62
I : ;|
63
;
64
65
U.S. Department of Commerce, Office of Business Economics
J:
I
66
In the 1960-63 period, such outflows ized, it will amount to an advance of
amounted to 43 percent of the total, but $1.6 billion, or 21 percent, above the
they increased to nearly 90 percent in record 1965 total.
1965 and appear to be headed for a simThe projection now being made for
ilar share in 1966. In 1965, the aggre- 1967 slightly exceeds the current 1966
gate outflows for direct investments was projection. In the past these advance
$3.3 billion, and in the first half of 1966, estimates have tended to be low—for
the annual rate was $3.2 billion. In example, in the early projections for 1965,
both of these recent periods, there were the shortfall was 24 percent, and the
large special outflows; in 1965, there present 1967 estimate, if realized,
were about $0.2 billion of outflows for would also be about 25 percent above
refinancing that had no net effect on the the first projection for 1966. Neverbalance of payments, and in the first theless, a bias of similar magnitude
half of 1966, there was an outflow esti- cannot be assumed for 1967, since
mated at $180 million that represented tighter conditions in world capital
an exchange of U.S. securities for the markets may result in some postponeshares of a foreign company. Also, ment of investment plans.
American companies made use of fiAdvances this year in capital outlays
nancing raised abroad by U.S. affiliates abroad are scheduled for virtually every
established for the purpose of obtaining industry and geographic area. Capital
such financing. The amount of such expenditures for manufacturing faciliforeign funds included in the figures for ties are scheduled to rise 23 percent
direct investment outflows was $60 million in 1965 and about $100 million in
CHART 9
the first half of 1966. When all of these
special transactions are eliminated, the
Domestic and Foreign Capital
direct-investment flow was $3.1 billion
Expenditures by U.S. Companies
in 1965 and at an annual rate of $2.7
billion in the first half of 1966.
Billion $ (ratio scale)
In the next section of this article, • 20. ' : - .:: . :; ' '
_ _" MANUFACTURING*
attention is focused on the major ex15**,' ,"pansion now being carried out in the
foreign production facilities of U.S.
10firms. Since in the past a large part
Domestic
of the financing of such expenditures
has been provided by capital outflows
from the United States, the moderation of such outflows so far this year
indicates a major effort by the investing
'•V;
Foreign
companies to comply with the request
of the Government that they rely as
much as possible on capital obtained
abroad.
Foreign Plant and Equipment
Expenditures
3.0
;
67
66-9-8
31
The latest set of reports, completed
by major U.S. companies in June and
July, shows that an extraordinarily
strong rise in plant and equipment
expenditures is underway this year.
Projected outlays for 1966 were first
estimated at $7.3 billion in the reports
of June-July 1965; these were raised to
$8.8 billion in a followup survey early
in 1966 and are currently estimated at
$9.2 billion. If this projection is real-
1~
1>5
• . - " . I - : ''-I'-'." .1 - "i:
J /'"I ' ' : - l ' ' " ' I
I "< ;
1957 58 59
60
61 62 63
64 65 66**
* Excludes primary iron and steel, and petroleum.
** Anticipated. Domestic investment includes actual outlays for 1st half.
U.S. Department of Commerce, Office of Business Economics
6-6-99
32
SURVEY OF CURRENT BUSINESS
over last year, an increase of $0.9
billion, to a total of $4.8 billion. This
is more than twice the investment rate
only 3 years ago. Petroleum outlays
this year are up by $460 million to $2.7
billion, for the first time exceeding the
extraordinary high of 1957. Moreover,
a further sizable advance has already
been projected by the petroleum industry for 1967. Mining investments are
also scheduled to rise to a new high in
1966, and the anticipation for 1967,
although it suggests some decline from
the 1966 record, is for a level substantially above that of earlier periods.
September 1966
The latest set of projections for 1966
includes some notable shifts from those
published in the March 1966 SURVEY.
Capital outlays in the mining industry
in 1966 have been raised by nearly
$250 million, primarily because of
decisions to increase investments in
Canada, Peru, South Africa, and Australia. Projections for mining are subject to wide variation because of uncertainties about very large individual
projects. For the petroleum industry,
the current 1966 expectation is close to
the March projection in the aggregate;
however, within the total, large in-
Table 2.—Plant and Equipment Expenditures of Direct Foreign Investments, by Country
and Major Industry, 1964-67
[Millions of dollars]
1964 '
Mining
Peand
trosmelt- leum
ing
1966 P
1967 P
Man- Mining Peand
ufactrotur- smelt- leum
ing
ing
Man- Mining Peufacand
trotur- smelt- leum
ing
ing
1965
Man-, Mining Peand
ufactrotur- smelt- leum
ing
ing
Manufacturing investments
Manufacturing
All areas, total
463 2,073 3,007
682
2,267
3,893
826
2, 727
4,797
693
2,936
4,790
Canada
220
385
771
265
503
952
340
552
1,171
244
570
1,147
69
(*)
3
27
(*)
9
19
(*)
367
90
62
9
24
112
23
25
22
105
(*)
3
29
(*)
11
53
(*)
3
246
15
3
1
272
12
4
(*)
58
5
9
134
(*)
35
2
g
130
(*)
424
101
72
11
26
141
28
27
17
169
(*)
7
70
(*)
22
50
(*)
8
260
11
6
(*)
36
3
9
150
(*)
488
114
121
16
22
136
26
33
21
177
(*)
18
62
(*)
25
59
(*)
4
321
22
6
(*)
47
3
14
169
(*)
495
107
157
13
21
107
27
38
24
54
3
55
46
23
603
1,873
45
5
76
1,328
55
5
61
645
1
395
707
3
306
1,042
2
29
69
26
113
Latin American Republics,
total
Argentina..
____
Brazil
Chile
Colombia
Mexico
__
Peru
Venezuela
Other countries
_.
*
Other Western
Hemisphere
Europe, total
Common market, total
Belgium and Luxembourg
__
France...
__
Germany
Italy
Netherlands
(**)
J*»5
'(**)
Other Europe, total. __
Denmark
Norway..— _
__
Spain.. _ _ _
Sweden
Switzerland.
United Kingdom
Other countries
(**)
9
.
21
(*)
3
500
246
254
(*)
17
(*)
17
(*)
280
111
169
3
3
1
2
51
45
6
ft
65
(*)
(*)
100
(**)
27
219
9
210
36
117
4
40
17
2
2
213
206
7
147
145
2
4
430
233
197
(*)
(*)
8
74
(*)
(*)
(**)
292
11
281
67
168
29
17
242
231
11
66
"Included in area total.
**Less than $500,000.
r
Revised.
p Projected on the basis of company estimates received in summer of 1966.
1,449
(*)
(*)
(*)
482
36
57
47
19
1
240
23
45
8
1,424
43
45
101
2
474
88
2
1
40
63
1
1
16
(**)
2,467
284
176
8
72
271
191
2
10
940
831
6
16
77
16
16
653
47
621
6
13
42
12
14
511
23
(v*)
l**J)
70
3
297
21
12
6
25
7
177
49
250
20
10
25
23
6
126
40
27
Asia, total.
Middle East
Far East, total
India
Japan...
Philippine Republic. _ _ _
Other countries
International shipping
[*4
63
Africa, total...— _..
North Africa
East Africa. _
West Africa. ...
Republic of South
\frica
Other countries in
Central and South
Africa
Oceania, total. . _ _ _ _ Australia
Other countries
2
H
2
16
243
508
110
68
186
288
107
57
(**\
22
873 2,406
75
97
75
33
68
121
124
53
(**)
V
2
f*)
(**)
M
(**)
(**)
(**)
3
(**)
2
80
(**)
3
1
9
184
182
9
127
161
99
44
286
615
144
138
46
90
183
106
57
345
657
162
129
2
459
61
32
20
34
13
250
49
1,018
58
3
1
22
32
M
399
35
19
42
32
15
220
36
981
13
20
89
26
19
758
56
349
187
6
124
89
2
1
59
29
442
259
5
143
27
20
(*)
19
(*)
462
249
213
(*)
•(*)
*)
(*)
72
(*)
(*)
45
(**)
311
30
280
84
144
156
1
(**)
(**)
(**)
j«j
c**) i
68
3
(**)
3
27
25
1
2
309
294
15
182
180
2
n
(*)
(*)
70
(*)
h
61
creases in planned outlays in Canada
and smaller gains in Africa and Asia
are offset by reductions in expected
outlays in Europe and Latin America.
There seems to have been some shifting
of outlays into 1967, especially in
Europe; this may reflect efforts to contribute to the program to improve the
balance of payments. In the aggregate, plans for manufacturing investments abroad in 1966 are also about the
same now as in March, but here again
there has been some shifting, with
higher outlays now expected in Europe
and Latin America, and cutbacks from
earlier plans now indicated for Canada,
Australia, and some countries in Africa
and Asia.
8
24
107
28
15
801
35
(**)
378
110
267
82
126
21
39
235
230
5
Capital expenditures by foreign affiliates in manufacturing are especially
significant because of their size (over
half of the total for all industries beginning in 1965), their rapid growth,
and the interrelation of foreign producing activities and the merchandise
trade of the United States. The extremely rapid rise of these foreign
capital outlays is depicted in chart 8;
and in chart 9, it can be seen that
these outlays have outpaced domestic
plant and equipment expenditures, even
in the most recent period of rapid domestic expansion.
These 1966 projections would raise
the share of foreign outlays in total
capital expenditures of U.S. manufacturing firms to 22.6 percent (excluding
certain industry groups not significant
abroad).
Gains in the relative importance of
foreign manufacturing investments
since the early 1960's are especially
noteworthy in view of the strong earnings record of domestic investment.
As chart 10 indicates, the rate of return
in domestic manufacturing investments
has risen steadily, since the current
business expansion started, from 10.2
percent in 1961 to 13.4 percent in 1964
and to a high of 15 percent in 1965.
The return on European manufacturing investments of U.S. firms was much
higher than U.S. rates until 1962, although it was declining rapidly. After
September 1966
SURVEY OF CURRENT BUSINESS
33
keeping pace with the domestic rate in in Canada. Latin American manufac- increase in 1966 to a level that will be
1963 and 1964, the European rate turing investments by U.S. firms, sustained in 1967. The largest gain
dropped in 1965 while the U.S. rate especially for Brazil, show a moderate elsewhere is reported for Australia.
of return rose sharply. This has apparently had little or no effect as yet Table 3.—Plant and Equipment Expenditures Abroad by U.S. Manufacturing Companies,
by Area and Major Industry, 1964-67
on the aggregate of capital outlays in
[Millions of dollars]
Europe by manufacturing affiliates,
perhaps because the European rate of
Paper
TransOther
Food
Primary Machinery ElectriAreas and years
Total prodand
Chem- Rubber and fabri- (excluding cal ma- portation indusreturn was still quite high at 13 peructs
allied
cated
electrical) chinery
tries
icals products
equipment
products
metals
cent, and the investing firms appear
to expect a continued high rate of All areas, total:
1964 r
223
3, 007
414
726
273
159
180
619
109
303
growth in European demand.
1965
3,893
251
862
627
232
873
186
174
360
328
1966 v *
___ 4,797
271
463
362
205
188
765
265
1,119
1,159
A breakdown of foreign manufactur1966 P 2
4,786
188
538
748
258
1 265
198
1 101
175
316
1967 P *
4,790
223
273
838
982
1 316
167
336
280
375
ing outlays into the principal industry
Canada:
groups is given in table 3. Outstanding
1964 r
771
29
30
47
46
167
47
130
165
110
1965
.
952
42
225
29
73
47
224
180
67
65
growth is projected for the chemical
1966 P i
1,171
109
41
218
40
98
275
80
260
50
1966 P 2
124
1,201
41
33
148
98
72
283
314
89
industry, from outlays of $0.9 billion in
1967 P i
1,147
50
210
35
90
107
270
97
240
48
1965 to $1.2 billion in 1966 and $1.3 Latin America: 3
1964''
. ___
413
43
23
23
34
133
16
50
15
76
billion in 1967. This is the main
1965
446
28
27
39
17
151
35
73
48
28
1966 P i _ _ _ _
22
511
42
49
13
187
36
25
29
108
industry for which, at this early date,
1966 P
443
24
48
14
24
42
150
31
81
30
1967 P i
-___
505
24
45
35
22
32
44
15
170
118
significant gains are projected into next
Europe :
year. A similar pattern is evident for
Common
market:
nonelectrical machinery, though the
11
1964 r
707
26
121
26
78
184
161
46
55
1,042
1965
12
34
34
77
329
147
60
278
71
amounts are smaller. The transporta1966 P i
1,425
36
295
49
17
73
393
70
394
98
1966 P 2
1, 332
41
28
26
208
49
392
463
56
70
tion equipment industry reported that
1967 P i
1,450
52
40
66
474
15
381
79
255
88
1966 is a year of major expansion, but
Other Europe:
1964 r
621
14
41
11
40
81
73
178
91
93
the lower outlays reported for 1967 may
1965._..._
831
49
13
174
39
80
64
180
115
117
42
1966 P i
981
44
221
71
253
10
111
139
90
indicate a temporary saturation for this
1966 P 2
32
991
14
40
76
122
312
229
75
90
1967 P i
1,017
14
37
53
264
76
124
240
114
95
industry. For most other manufacturing industries, the 1966 figures represent Other areas:
1964 r
495
14
53
20
109
23
24
144
28
80
622
22
43
118
29
165
95
30
1965
85
35
the continuation of fairly regular ad12
174
710
36
32
35
196
26
89
1966 P i. -.
110
819
1966 P
38
233
112
39
20
200
25
126
25
vances in investment activity, and
32
670
68
1967 P i
35
19
261
19
111
26
99
changes reported now for 1967 are
' Revised.
comparatively small.
p Projected on the basis of company estimates.
1. Based on reports received in summer of 1966.
All major areas are sharing in the
2. Based on reports received between December 15,1965 and February 15, 1966.
3. Includes "other Western Hemisphere."
rise of manufacturing investments by
U.S. firms, but by far the greatest Table 4.—Domestic and Foreign Expenditures for Plant and Equipment in Selected
increase is in the Common Market
Industries, 1965-66
countries, where a scheduled gain of
[Millions of dollars]
nearly 40 percent will bring total
Expenditures 1965
Expenditures 1966 p
expenditures to $1.4 billion this year.
Outlays in Belgium, Italy, and the
Foreign
Foreign
Percent
Domestic
Domestic
Percent
Industry
of
of
Netherlands are now expected to adforeign
Total
foreign Total
Per- Amount Perto
to
Per- Amount PerAmount cent
Amount cent
vance more sharply than was indicated
cent
cent
total
total
in the March reports. The United
Kingdom is also scheduled to receive a Manufacturing,
total for select22.6
ed industries. _ _ 16,002
12,437 100.0
3,565 100.0
15,202 100.0
4,435 100.0
22.3 19,637
rising amount of investment by U.S.
10.0
4.6
12.5
1, 240
5.2
1,645
205
Food products- -_. 1,426
186
13.0
1,440
9.5
firms into 1967, although 1966 expendiPaper and allied
15.7
9.0
6.1
products
1,371
1,120
251
7.0
1,460
271
1,731
9.6
18.3
tures appear to have been scaled down
26.1
2, 590
20.8
862
24.2
4,119
2,960 19.5
28.1
Chemicals
3,452
25.0
1,159
30.4
4.2
Rubber products.
514
2.7
174
340
4.9
430
33.9
618
2.8
188
slightly. It remains to be seen whether
Primary and fab10.5
20.4
ricated metals- . ],887
360
10.1
19.1 2,265 1 1, 802 11.8
1,527
12.3
463
the measures to protect the United
Machinery,
20.4
17.8
2,990
17.3
except electrical- 2,837
2,210
627
17.6
22.1 3,755
19.7
765
Kingdom's balance of payments by
Electrical machinery _
6.0
19.0
1, 082
850
6.8
232
6.5
1, 395
1,130
7.4
265
21.4
tightening up domestic demand will
Transportation
25.2
27.2
equipment.
2,560 20.6
24.5
25.4
4,109
2, 990
19.7
3,433
873
1,119
alter these investment plans. A strong
rise of 23 percent is scheduled for Mining and
37.5
petroleum
8,069
5, 120
2,949
9,463
3,553
36.5
5,910
manufacturing investments in Canada
p Projected on basis of company estimates.
in 1966, somewhat lower than Canadian
1. Excludes primary iron and steel producers.
estimates for all manufacturing outlays
NOTE.—Foreign expenditures include acquisition of existing fixed assets, which are excluded from the domestic series.
2
2
1
SUEVEY OF CUEEENT BUSINESS
34
As an indication of investment requirements it may be noted that production
of crude oil abroad by U.S. companies
rose 10.4 percent in 1965, primarily in
the Middle East and North Africa,
continuing the rapid pace of the past
several years.
The resurgence of investments in
ties are being installed to handle the
rapid growth in demand. Increased
investments by the petroleum industry
are also reported for North and West
Africa. At the same time, steady
though moderate increases in capital
expenditures are underway in Canada,
Latin America, and the Middle East.
Petroleum and mining investment
The petroleum industry is increasingits foreign capital expenditures sharply
this year and has scheduled a further
rise for 1967. Investment is advancing
most rapidly in Europe, where expanded refinery and distribution facili-
September 1966
Table 5.—Value of Direct Investments Abroad 1 by Selected Countries and Industries, at
Yearend 1964 and 1965
Table 6.—Direct-Investment
sidiary Earnings, by Selected
[Millions of dollars]
Table 6
Table 5
Line
Area and country
1965 v
Total
Mining
and
smelting
1 All areas, total
2
Canada
3
Latin American Republics, total.
4
5
6
Mexico
Panama
Other Central
America and
West Indies.
7
8
9
10
11
12
13
Argentina .
Brazil
Chile
Colombia
Peru
Venezuela
Other countries
Mining
Pe- Manu- Pub1964 '
Mining Pe- Manu- Puband
Total
troand
faclic Trade Other Total
lic Trade Other
factroleum
smelttur- utilitur- utilismelt- leum
ing
ing
ties
ing
ing
ties
3,569 14,334 16,931
2,020
3,688 3,844 49,217
2,134
4,191 4,499
2,416
3,371
98
1,013
1,494
766
13, 796
1,667
3,187
6,194
471
805 1,473 15, 172
1,755
3,320
6,855
486
881 1,875
239
896
1
161
389
345
8,894
1,104
3,102
2,341
568
947
832
9,371
1,114
3,034
2,741
596
1,034
852
143
171
-14
-80
214
50
1,034
659
589
128
19
31
56
103
139
606
23
46
27
29
142
111
281
26
106
205
205
1,177
704
621
103
19
35
48
122
152
752
24
60
27
38
147
138
288
30
109
213
197
95
24
34
100
11
23
-32
-5
7
11
115
2
11
22
2
-3
(*)
53
(*)
255
60
2,139
67
500
668
30
148
65
220
35
(*)
41
(*)
30
22
18
21
40
153
20
53
46
199
18
343
41
239
22
31
210
38
992
1,073
829
527
515
2,715
219
<\
509
(*)
57
-(*)
269
60
2,033
89
617
722
39
160
79
248
40
(*)
37
(*)
29
21
19
21
47
162
24
49
53
222
21
328
45
257
20
38
194
40
16
-36
8
28
10
-53
17
17
-7
23
11
54
-86
25
(*)
-5
(*)
13
11
-98
21
46
2
3
6
11
15
4
-29
-5
11
-S
1-1
-3
(**)
166
47
89
271
1,437
310
500
199
45
91
291
124
89
57
-5
34
3
864 13,894
55
3,429
7,570
60
1,716 1,065
1,368
1,432
-1
6,254
16
1,617
3,688
46
658
229
807
814
71
373
1
103
37
75
116
10
280
610
404
14
12
2
17
177
170
80
127
51
77
39
31
139
276
207
110
882
997
789
508
464
(*)
186
14
Other Western
Hemisphere.
1,311
250
488
15
Europe, total...
2,786
12, 109
56
3,102
6,587
53
1,446
16
Common Market,
total.
5,426
13
1,523
3,139
45
528
17
Belgium and
Luxembourg.
France
Germany
Italy
Netherlands
1,446
22
23
24
25
26
27
28
29
30
31
32
33
34
35
Africa, total
Liberia
Libya
Republic of South
Africa
Other countries
Asia, total
178
3,794 15,320 19,280
(*)
263
(
\
328
543
135
6
65
45
128
353
143
74
(*)
(*)
(*)
-8
52
71
15
134
249
67
28
3
52
6
31
(*)
236
189
193
13
5
2
21
60
139
-5
3
11
30
10
2
116
17
3
1
12
14
92
69
2
1
73
16
585
22
5
2
16
174
117
72
92
46
57
37
25
1,584
2,417
972
698
252
1,052
1,547
446
270
43
1,579
3,448
8
918
687
7,639
39
1,811
3,881
14
1,058
836
561
618
1
(**)
•(**)
4
(**)
(*)
-2
19
14
32
49
344
382
78
2
17
10
8
395
246
22
189
152
264
305
1,116
5,119
494
2
20
127
74
55
170
60
1, 084
241
32
44
140
60
177
3,308
119
(**)
(**)
6
438
28
29
97
45
158
3,010
80
1
(*)
(*)
(**).
(**)
2
26
116
69
52
157
50
902
233
tf.
27
17
45
67
397
415
90
3
18
17
8
482
304
24
33
2
35
32
217
206
36
19
18
44
45
154
324
14
1,685
358
883
227
2
91
123
1,904
361
1,020
292
(**)
114
117
141
160
(*)
(*)
(*)
(*)
(*)•
193
16
3
49
173
399
158
201
424
528
865
(*)
(*)
(*)
(*)
(*)
237
(*)
20
4
63
181
420
164
-7
70
17
7
17
30
2,082
850
593
(*)
(*)
<**)
166
129
196
260
948
4,547
189
402
467
(*)
(*)
68
(*)
(*)
(**)
(*)
(*)
(**)
(*)
(*)
(**)
(**)
A
(*)
21
(*)
732
909
1,326
389
216
(**)
9
135
299
10
(*)
(*)
372
66
(**)
4
(*)
286
577
350
244
455
Other Europe, total.... 6,683
Denmark
Norway
Spain
Sweden
Switzerland
United Kingdom
Other countries
8
ft
-2
357
34
6
23
9
751
204
453
54
27
13
61
105
-3
91
18
-1
2,054
556
55
225
187
3,611
37
2,384
673
61
253
203
224
438
1
353
56
29
1
246
3
4
106
53
25
8
21
13
12
-1
(**)
18
114
(**)
1,240
39
4
12
35
1,590
3
1,491
43
4
13
36
42
254
37
Far East, total
1,780
31
814
517
51
214
152
2,021
34
893
629
58
240
166
181
184
(**)
8'
(*)
2
2
42
5
26
60
69
58
109
329
230
329
253
676
529
563
(*)
(*)
(*)
(*)
110
274
153
92
4
2
40
12
36
62
77
65
104
337
259
394
21
78
37
46
7
21
31
126
(*)
(*)
97
207
131
82
453
860
2
85
94
1,811
162
2
103
95
98
142
56
(*)
(*)
810
50
59
25
506
42
1,677
134
161
(**)
74
29
547
50
125
-27
133
9
55
1
80
43
43
44
45
Australia
Other countries
International
234
598
473
474
(*)
(*)
(*)
1,593
100
1,475
117
100
1,885
(**)
1,064
(*)
(*)
821
2 017
'Revised.
P Preliminary.
*Combined in "Other industries." **Less than $500,000.
1. The value of direct investments abroad was reduced in 1964 by $147 million, and in 1965
by $65 million, owing to valuation adjustments on companies' books, profits and losses on
liquidations, or transfers to other investment categories. In particular, the value of direct
investments in the public utilities industry in Brazil was reduced by $153 million as of the
7
17
8
34
2
Oceania, total
-8
199
628
1,332
42
40
(*)
(*)
21
3,112
Middle East
India
Japan
Philippine Republic.
Other countries
130
(*)
(*)
(*)
•(*)
(*)
36
38
39
40
41
Pe- Manufac- Other
troleum turing
14,386
40
500
(*)
241
(*)
7
18
19
20
21
Net capital outflows
1965*
1964'
(*)
(*)
(*)
499
(*)
(*)
1 133
950
895
55
(*)
(*)
884
(*)
(*)
(*)
'(*)
(*)
(*)
41
(*)
(*)
41
28
17
24
4
54
4
2
end of 1964 by a settlement with the Brazilian Government. The equivalent value was added
to the total for U.S. private portfolio investments included in table 14. The value of investments in specific industries and countries is also affected by capital flows among foreign
affiliates as shown in table 9.
SUEVEY OF CUEEENT BUSINESS
September 1966
35
ing large outlays. Substantial capital
expenditures for mining are now appearing in Australia, where iron ore and
bauxite resources are under development.
Capital outlays in the other industries
are relatively stable, except for European trade and distribution where an
mineral extraction reflects intense world
demand for these products, coupled
with the discovery of new resources.
As table 2 shows, capital outlays
abroad in mining and smelting (other
than petroleum development) are now
on a much larger scale than at any
other time since 1957, when data were
first collected. For Latin America,
this represents a recovery to the levels
of the 1950's and affects principally
Chile, Peru, Mexico, and Brazil. Canada is also regaining the levels of
earlier intensive investment activity
in mining, with the development of
copper, nickel, and potash now requir-
Capital Flows and Undistributed SubCountries, With Major Industries for 1965
Table 7.—Direct-In vestment Earnings and Income,2 by Selected Countries, with Major
Industries for 1965
[Millions of dollars]
Table 6— Continued
Table 7
Undistributed subsidiary earnings
1965 P
Mining
and
smelting
1,431
1,525
124
52
892
458
500
540
86
66
283
106
216
298
22
21
169
34
26
9
33
42
11
6
-3
13
2
29
59
13
11
2
27
6
87
84
17
4
-6
21
5
34
39
408
381
100
-3
Total
Mining
and
smelting
5,061
5,431
571
1,825
2,019
1,017
1,106
1,198
198
183
606
210
86
1,095
1,170
208
496
269
25
2
4
5
26
5
92
68
36
100
77
38
15
1
14
5
-1
-10
-2
1
65
53
5
4
1
12
-1
22
23
12
1
3
11
5
91
58
81
33
83
547
6
133
102
83
27
98
504
9
3
7
9
19
149
161
-1
-51
294
138
1,110
1, 161
()
*
-45
23
19
398
394
()
*
R
(**)
1964 r
Petroleum
Manu- Other
facturing
8
()
*
(•*)
(**)
(*)
(**)
Line
1965 P
1965 P
Total
1964 r
Income
Earnings
Total
Mining
and
smelting
3,670
3,961
443
1,798
1,095
625
1
634
692
110
122
315
145
2
199
895
888
185
468
109
127
3
62
5
5
21
58
19
61
43
29
73
37
30
8
10
3
1
4
42
4
2
19
33
15
4
5
6
48
28
20
8
9
70
10
64
5
73
22
77
521
1
50
20
69
22
98
485
4
2
(*)
11
21
13
1
5
5
17
29
5
13
7
6
59
6
7
8
11
19
405
-1
84
64
6
8
6
29
-1
9
10
11
12
13
85
24
21
30
116
8
-42
855
341
-32
362
63
1964 r
(**)
10
()
*
()
*
()
*
57
()
*
Manu- Other
facturing
Petroleum
()
*
64
()
*
(**)
10
•*
()
*
()
*
()
*
Manu- Other
facturing
Petroleum
(*)
56
66
21
408
-2
126
82
18
15
12
14
654
760
8
17
532
203
15
275
365
()
*
18
305
43
16
(**)
(**)
14
16
(**)
-1
9
9
53
56
(**)
3
43
10
34
35
(**)
4
30
1
17
52
18
-5
21
32
-42
-33
25
()
*
(*)
()
*
3
-18
-23
—6
34
-26
-14
21
-5
2
3
10
82
211
19
33
79
217
-4
46
'(*)
R
13
-17
-22
—10
65
207
7
41
1
27
11
14
27
178
23
13
42
236
28
24
(*)
(*)
(*)
9
8
-3
28
205
21
22
5
23
7
6
18
19
20
21
308
384
()
*
-5
271
118
712
767
(*)
-10
493
284
379
395
()
*
-1
227
169
22
2
—8
—5
—1
10
2
3
9
4
15
220
18
4
3
5
/**\
78
23
6
6
7
11
20
151
473
44
6
6
25
15
153
498
65
—3
-4
3
—8
—5
—6
14
4
4
12
6
25
419
22
6
6
10
17
133
85
28
8
5
7
16
40
276
26
5
1
10
18
68
263
31
()
*
()
*
1
-4
1
—4
4
2
1
3
2
10
204
4
2
3
5
17
58
62
22
23
24
25
26
27
28
29
7
20
15
346
380
240
42
37
301
332
233
21
22
30
17
4
5
5
18
258
87
17
235
101
17
235
29
22
252
46
14
229
77
20
14
229
23
31
32
33
11
17
-13
2
6
34
2
921
44
66
35
36
(**)
3
4
4
113
167
17
3
5
15
—4
88
242
34
42
47
—3
(**)
()
*
()
*
()
*
4
(*)
(*)
(*)
61
5
38
4
5
18
(*)
()
*
-4
3
20
8
5
3
4
-17
28
23
-8
4
9
-19
74
60
3
-23
59
21
1,021
1,083
5
892
107
79
983
3
3
1
-1
813
826
816
5
4
836
58
58
23
207
257
148
12
49
23
-27
5
38
7
8
7
11
16
-34
79
80
7
57
64
15
72
8
7
56
1
79
80
55
211
7
35
14
7
(*)
R
(*)
822
63
/**\
1,033
11
(**)
A
3
R
()
*
()
*
()
*
-26
()
*
()
*
*
()
*
()
*
()
*
()
*
5
()
*
()
*
20
R
34
5
23
54
47
84
30
85
50
93
12
142
145
121
21
125
20
10
—2
61
93
134
76
8
9
7
R
()
*
()
*
38
101
76
()
*
()
*
35
37
12
30
34
80
12
31
28
77
14
50
25
121
119
24
59
62
1
108
11
-6
()
*
()
*
()
*
()
*
813
7
11
54
6
52
10
3
—2
97
27
69
4
5
107
2
17
55
16
13
()
*
()
*
()
*
()
*
()
*
2. Income is the sum of dividends and interest, net after foreign withholding taxes, and
branch profits; earnings is the sum of the U.S. share in the net earnings of subsidiaries and
branch profits; undistributed subsidiary earnings is computed as the difference between the
U.S. share of net earnings of subsidiaries and the U.S. share of gross dividends (dividends
R
(*)
40
62
37
10
17
8
5
5
33
17
116
38
39
40
41
59
12
_2
42
3
43
44
39
45
()
*
()
*
()
*
()
*
()
*
()
*
-11
50
9
()
*
()
*
30
before deduction of withholding taxes).
NOTE.—Industry detail for revised country totals of tables 6 and 7 for the years 1963 and
1964 is available from the Balance of Payments Division of the Office of Business Economics.
SUEVEY OF CUKKENT BUSINESS
36
increase is expected in 1966 and 1967.
This projected rise reflects the expansion of wholesale and retail distributors
as well as increased activity by some
companies involved in renting equipment.
Capital Outflows and Earnings
Capital outflows from the United
States for direct investment rose
sharply from $2.4 billion in 1964 to $3.4
billion in 1965, and earnings retained
abroad increased $0.1 billion. These
sources of funds are an important part
of the financing of the plant and equipment expenditures abroad described in
the preceding section. This is illustrated in chart 11, which shows that the
share of capital flows and undistributed
profits in financing such expenditures
has been well over 50 percent in manufacturing and close to 50 percent in the
petroleum industry. These shares have
not exhibited a distinct trend since
1961, but it now appears that they will
decline in 1966, as U.S. companies cooperating in the program to improve
September 1966
Table 8.—Net Capital Outflows to Manufacturing Affiliates Abroad, 1962-65, by Industry
[Millions of dollars]
ManufacPaper
ChemiPrimary Machin- Electrical Transporturing,
tation
ery except machinFood and allied cals and Rubber
Other
and
total
products products
allied
products fabricated electrical
ery
equip- industries
metals
ment
products
Area and year
All areas, total:
1962. __
1963
1964
1965
711.7
753.3
1, 030. 3
1, 494. 1
42.6
57.3
74.8
116.3
5.2
24.4
9.1
98.1
99.3
176.5
298.7
290.5
31.4
13.2
2.1
16.5
65.9
85.6
69. 8
82.1
85 7
30.2
117. 9
255 5
60.1
24.0
45.8
96 8
225.1
194. 5
207.1
402.1
96.2
147.5
204.9
136.3
Canada:
1962
1963
1964
1965
11.8
119.6
136.0
389.2
—6.0
55
29.0
18 0
42
12.2
-8.6
61 6
—25 5
18.4
28.2
70 2
—4.1
2.6
—7.1
51
—1.1
6.2
—3.9
5.3
27 9
24 0
15.3
25 9
11 8
38
11.6
12 7
—7.1
37.4
48.4
171 2
11 6
9.5
23.0
19 3
Latin America:1
1962
1963
1964
1965
133.3
150 0
137.2
248.5
1.6
31 6
—9 2
50 5
—.3
44
21
18.6
39.4
48 8
73.6
84.1
-3.8
—1 9
8.5
—1.1
16.2
50
7.9
19.5
6.2
86
95
4
2.5
—7 5
—10.3
10 5
49.8
17 1
30.1
38.1
21.6
43 8
25.1
27.9
Europe:
1962
1963
1964
1965
453. 4
378.0
618.6
732.3
29 5
11.0
41.6
41.5
.5
2.5
13.6
12.8
64 4
82.1
163.0
92.6
34 3
13.3
-.3
2.6
26.5
37.2
30.4
59.8
49 6
—12 5
65.3
209.1
40 3
28.5
38.0
55.9
156 4
132.9
127.4
175.5
52.1
83.1
139.6
82.6
Africa:
1962
1963
1964
1965
10.7
8.5
18.6
39.7
1.3
.7
2.5
12
.2
.4
.6
26
.1
2.2
2.9
2.4
-.4
.2
-.5
10
1.4
2.1
11.5
17.3
1.7
2.3
4.3
73
.2
1.1
—.3
(*)
3.9
—.9
-3.1
7.2
2.2
.5
.7
.7
Asia:
1962
1963
1964
1965
30.4
42.6
60.6
56.2
1.3
6.2
4.6
-1.4
.5
3.8
1.7
2.0
11.6
18.7
24.8
25.8
5.2
—.9
(*)
-1.8
1.4
2.5
3.3
.9
1.3
22
11.4
6.6
3.7
3.2
5.8
15.3
.2
.9
.3
1.5
5.2
6.2
8.7
7.3
72.2
54.5
59.2
28.2
15.0
2.3
6.3
6.5
.1
1.1
— 3
.5
9.3
6.3
6.2
15.5
.2
(*)
1.5
10.7
21.5
32.7
20.6
—20. 7
-.9
5.7
12 1
6.2
1.7
-5.0
1.0
2.4
21.9
7.0
4.0
8.6
3.5
4.5
7.8
-1.5
Oceania:
1962
1963-__
1964
1965
__
*Less than $50,000.
1. Includes "other Western Hemisphere."
CHART 10
Return on Manufacturing Investments
Gains in domestic earnings rates in 1965
contrast with declines abroad
Percent
22
20
Direct Investment! in Europe
18
16
14
12
10
; OornestiC; Manufacturing
8
1
1955
I
57
I
59
I
t
61
I
I
63
I
65
NOTE.—Return on domestic manufacturing represents net income applied to net
worth at the beginning of the year (First National City Bank of N.Y.). Return on
direct manufacturing investments abroad and in Europe represents the U.S. share
of net earnings for the year (see table 7) applied to book value of these investments at the beginning of the year. (See table 5)
U.S. Department of Commerce, Office of Business Economics
66-9-10
the balance of payments shift their fi- to larger capital expenditures and
nancing to foreign sources. However, larger outlays for exploration and
there are several large changes in the development, but it probably also
capital outflow figures that do not cor- reflects difficulties in financing inrespond to changes in plant and equip- creased working capital needs out of
earnings that were leveling off.
ment expenditures.
Direct-investment flows to Europe
By far the largest rise in capital outflows in 1965 was for Canada, where were up only slightly from 1964 to
they were up by nearly $0.7 billion. Of 1965 and did not change significantly
this, about $0.3 billion went into finance in the first half of 1966. Since Europe
and trading affiliates, largely to refi- is the focal point of much of the investnance existing credits from the United ment activity discussed above, there
States. About $0.4 billion of the in- has evidently been a significant effort
crease was for the manufacturing and to use foreign financing as much as
petroleum industries; this amount ex- possible. For instance, plant and
ceeded the total increase in plant and equipment expenditures for manufacequipment expenditures of these indus- turing in Europe rose $550 million
tries. In the first half of 1966 direct- from 1964 to 1965, while capital outinvestment flows to Canada were con- flows to this industry rose only about
siderably larger than in the first half of $100 million. Part of this foreign
1965, if allowance is made for over $100 financing is obtained by special affiliates
million of refinancing that was included .established by U.S. companies to raise
funds for their direct investment activin the earlier figures.
The other major increase in 1965 ities. For such affiliates organized as
direct-investment flows was to the U.S. corporations, estimates for borMiddle East, where the total rose by rowing abroad and the utilization of
$0.2 billion. This corresponds in part the funds obtained are as follows:
SUKVEY OF CURRENT BUSINESS
September 1966
Foreign Funds Borrowed Through
U.S. Affiliates
Earnings of direct investments
[Millions of dollars]
Amount borrowed abroad
(before discounts and
commissions)
1965. __
__.
1966, Jan. -June 2 _.
Total
212
Amount
Amount
used for retained at
direct inend of
vestments
period J
60
146
318
97
365
530
157
365
1
-After deduction of discounts and commissions; primarily
held in short-term forms abroad.
2
Excludes an estimated $180 million of convertible debentures issued in exchange for stock of a foreign company
In 1965, the U.S. equity in the earnings of foreign affiliates rose 7.3 percent
to $5.4 billion. However, this rate of
increase was lower than that for the investment base (the book value of the
U.S. investment in the affiliates), which
rose 10 percent following a 9 percent
rise in 1964. By the end of 1965 the
book value was $49.2 billion as shown in
table 5. Thus, the rate of return on
investment declined, reversing the slow
increase of recent years.
In 1965, the amount returned to the
United States as dividends, interest,
and branch profits rose sharply to
nearly $4.0 billion (table 7). Since
total earnings rose $0.4 billion while
These figures include some bank
loans as well as debt securities issued,
and the schedule of both the borrowing and the utilization of funds is somewhat imprecise. However, it is
reasonably clear that of about $530
CHART 11
million borrowed through this channel
to the end of June, only about $155
Comparison of Plant and Equipment
million was utilized for direct investExpenditures Abroad With U.S. Capital
ments abroad and that a very large part
Outflows and Undistributed Earnings
of the remaining $365 million was being held in relatively liquid forms Billion $
abroad, available for use as needed. 6 MAWACTUW
Since these funds are held largely in
the Euro-dollar market, the effects of
the original borrowings on interest
rates in Europe have been at least
Plant and Equipment Expenditures
partially offset up to now by the
reinvestment.
A breakdown of capital outflows by
principal manufacturing product groups
is given in table 8. This shows that the
largest increases in 1965 outflows were
, Capital jOntflows
in transportation equipment and nonr t i r - \ i. V i
electrical machinery, but that sizable
increases also occurred in nearly all
PETROLEUM
other product groups. Many of these
gains reflect the rise in plant and equipment expenditures shown in table 3. In
Canada, for instance, both sets of figures show large 1965 increases in paper
and related products, chemicals, and
transportation equipment. The gain
f
I I I I , t I, ) I 1 I
in transportation equipment is probably
related to the new treaty arrangements
RATIO OF 6APJTAL .OUTFLOWS AND UNDISTRIBUTED
that are expected to lead to a greater
EARNINGS TO PLANT AND EQUIPMENT EXPENDITURES
volume of production of autos and parts i.o
,, Manufacturing
in Canada.
In Europe, similar gains in both series .5 .
^>'--*-"^< • . • ' ; • • • • : • • . '
x
are reported for 1965 in the nonelec- o ,•' f. i i i i ' ;: i • --i : r Petrofeum i
r i
trical machinery and transport equip1957
59
61
63
65
67
ment sectors. The former represents o Projected
Note.-Capital outflows include amounts used to acquire existing
or received from
in part the acquisition of an interest in liquidations. However, an extraordinary $370 million acquisition inenterprises been eliminated.
1960 has
U.S. Department of Commerce, Office of Business Economics
66-9-11
a large French company.
37
Table 9.—Net Capital Flows Between Primary and Secondary Foreign Affiliates,
1961-65
[Millions of dollars; net inflows
1961
(-)]
1962
1963 1964 r 1965 *
—4
3
-8
2
10
—6
-4
16
13
-11
11
-1
14
-14
-5
-2
12
-14
3
-3
8
-5
-5
Europe
France
Germany
__
Italy
Switzerland
United Kingdom
Other Europe
—15
-8
:--. -25
60
—6
-6
-22
-14
-4
-21
48
-9
-22
24
—5
-20
-9
105
-4
-43
19
-2
—5
-5
60
-29
43
22
-22
-9
77
-2
-22
Other Countries .
-6
6
-19
-20
-32
Canada
Latin America
Panama...
Argentina
Mexico
.
4
- ..
(**)
r
Revised
p Preliminary
**Less than $500,000.
distributed profits rose $0.3 billion, the
rise in undistributed profits over the
1964 amount was therefore relatively
small.
Earnings of the manufacturing affiliates abroad advanced 9 percent to a
new high of $2.0 billion in 1965. Sizable gains were reported in Canada,
some Latin American countries, and
the United Kingdom. However, earnings in the Common Market changed
very little; a decline in Italy probably
reflected a lag in the recovery of
earnings from the lower rate of economic activity of the previous year.
Dividends remitted from the Common
Market nevertheless rose considerably,
reflecting principally disbursements
from Germany in advance of a change
in the application of German taxes.
The petroleum industry scored virtually no gain in foreign earnings in
1965. The overall results for the
industry reflect growing pressures of
costs and taxes, while the ample
supply of petroleum and products
from many sources has resulted in
highly competitive pricing practices.
Minor gains were reported for Canada
and Asia as well as for the international
shipping affiliates. However, net losses
were reported for Europe, reflecting a
squeeze between the somewhat arbitrary prices that European refineries
pay for crude oil and the competitive
prices at which they must sell their
products. In general, the regional
distribution of earnings for the petroleum industry is affected by the use
of partly nominal prices to allocate
SUEVEY OF CUKEENT BUSINESS
38
income in vertically integrated enterprises.
Other industries showed generally
higher earnings in 1965. Mining comTable 1Q.—Acquisitions and Sales by
American Companies of Foreign Enterprises 1 by Area and Industry, 1964-65
[Millions of dollars]
1964
Area and industry
1
965
Acqui- Sales Net Acqui- Sales Net
sitions
sitions
All areas, total
Petroleum. __ _ _ _
Manufacturing.-.
Other industries ..
434
11
339
84
106 328
29 -18
16 323
61 23
369
7
268
94
90
2
46
42
279
5
222
52
Canada, total
Petroleum
Manufacturing
Other industries „.
86
2
80
4
6
80
29 -27
13
67
37 -33
69
4
22
42
47
2
44
(**)
22
2
-22
42
Europe, total. _ _ _ _
Petroleum
Manufacturing _ _ _
Other industries ..
324
8
246
70
3
321
8
1 245
2
68
258
3
207
48
2
2
256
3
205
48
Other areas, total - _ _
Petroleum _
Manufacturing
Other industries. -
24
1
13
10
23
1
1
1 12
22 -12
42
41
1
39
39
3 "~4l~ -38
1
Includes acquisitions and sales of minority interests.
**Less than $500,000.
Table 11.—Direct-Investment Receipts of
Royalties and Fees,1 by Areas and Major
Industries, 1964-65
[Millions of dollars]
1955 P
Area and industry
1964'
Management
fees and
service
charges
Total
Royalties,
license
fees and
rentals
756
116
479
58
103
909
137
568
74
130
325
19
253
28
25
584
118
315
46
105
Canada, total
162
Petrol eum .
15
Manufacturing.. 125
Trade.. _
9
Other industries . 14
185
9
144
12
20
60
125
8
93
9
15
Latin America, total 2. 148
Petroleum
33
Manufacturing. _
64
Trade
17
Other industries . 34
171
28
79
23
40
Europe :
Common Market,
total
150
8
Petroleum
Manufacturing __ 127
Trade
6
Other industries .
9
All areas, total
Petroleum
Manufacturing. _
Trade
Other industries _
(**)
51
4
5
30
9
5
126
28
49
14
35
174
16
138
11
9
93
1
88
4
1
81
16
50
7
8
Other Europe,
total
155
8
Petroleum
Manufacturing.- 109
Trade
15
Other industries . 23
195
13
139
15
28
76
1
60
7
7
119
12
80
7
21
Other areas, total
Petroleum
Manufacturing _ _
Trade
Other industries -
184
71
67
14
34
52
16
24
4
8
132
54
43
10
26
140
51
55
11
22
(**)
p Preliminary.
**Less than $500,000.
r
Revised.
1
Excludes foreign film rentals.
2
Includes "other Western Hemisphere."
44
panies benefited from higher demand,
and they raised earnings about 12
•nckyncmf.
percent,
Royalties and fees
Payments of royalties and fees by
foreign affiliates to their U.S. parent
companies have become an increasingly
important supplement to dividend remittances. In 1965, royalties and fees
exceeded $900 million, nearly 20 percent above the 1964 amount. This
was a faster rate of growth than in
the year before. Gains in 1965 were
widespread but were particularly large
for the foreign manufacturing affiliates
(table 11).
Foreign Investments in the
United States
September 1966
flow into European debt instruments
or the Euro-dollar market.
In 1965 and the first half of 1966,
purchases of U.S. bonds by foreigners
were substantial, but this reflected
rather special circumstances. In 1965,
net purchases of U.S. corporate bonds
by European countries (other than the
United Kingdom, which was liquidating
bonds acquired in 1964) amounted to
about $150 million. However, that
total includes purchases by foreigners
of nearly $200 million of debentures
and bonds issued by the newly organized U.S. financing affiliates of directinvestment companies, so that foreigners were apparently selling other
U.S. corporate bonds. Some of the
sales of U.S. equity securities by
Europeans in 1965 mentioned above
may also have been for the purpose of
investing in these new issues. In the
first half of 1966, European countries
(other than the United Kingdom)
purchased a net amount of $405 million
of U.S. bonds. Since these purchases
included about $475 million of securities
issued by the special financing affiliates,
there was evidently a continuing liquidation of other U.S. corporate bonds.
Purchases of $187 million of U.S. bonds
by international institutions in the
first half were largely U.S. agency
issues.
Another new development in 1965,
which continued into 1966, was the
acquisition by foreigners of long-term
(over 1 year) certificates of deposit or
other obligations of U.S. banks. These
acquisitions amounted to a net of $230
million in 1965 and about $400 million
in the first half of 1966 (excluding any
United Kingdom transactions).
The principal feature of foreign
investments in the United States since
1964 (other than changes in liquid
dollar holdings) has been a continued
net liquidation of U.S. corporate stocks,
more than offset in the first half of
1966 by large additions to foreign
holdings of deposits in U.S. banks
with maturities of over 1 year and by
purchases of various types of corporate
and U.S. Government agency bonds.
Flows of capital connected with foreign
direct investments in the United States
have been erratic and relatively small.
Net sales of corporate stocks rose to
nearly $0.5 billion in 1965 and were
over $0.1 billion in the first half of
1966. These represent mainly the reduction of holdings of the United
Kingdom Government, but sales have
also been recorded for other European
countries. In contrast,
Canadians
have been net purchasers of U.S.
equity securities, and in the second Direct investments in the United
States
quarter of this year raised their net
Despite certain sizable liquidations of
acquisitions to nearly $100 million.
For most of the period from 1962 to direct investments in the United States,
the early months of 1966, the U.S. mar- there was a net inflow of foreign capital
ket for corporate stocks was stronger of $71 million in 1965. The liquidathan most foreign markets, but it tions amounted to $77 million, and refailed to attract foreign investors. sulted primarily from the transfer to
This contrasts with a persistent inflow foreign affiliates of funds raised in the
for investment in these securities aver- United States by a worldwide organizaaging $150 million per year in the tion. However, this outflow was more
1951-62 period. It seems likely that than offset by $89 million of new investthe intensive demand in Europe for ments, more than half from Canada.
investment funds has diverted this Also, intercompany transactions show-
39
SUEVEY OF CUEEENT BUSINESS
September 1966
ed an inflow of about $60 million, the
reverse of the 1964 experience when
such transactions resulted in an outflow
of the same amount, this reversal was
accounted for largely by Japanese
trading companies. A noteworthy development was an inflow of $40 million
from Germany, primarily to finance distributing organizations.
The book value of foreign direct in
vestments in the United States was $8.8
billion at the end of 1965, an increase
of $450 million for the year (table 12).
About 80 percent of the increase was
accounted for by retained earnings.
Earnings in 1965 of these foreignowned companies increased by $140 million, or almost 25 percent over the previous year, to a total of $735 million.
Most of the gain was in manufacturing
affiliates. Eetained earnings increased
only moderately for the year as most of
the increase in earnings was paid out as
dividends.
mentis program to improve the balance
of payments.
U.S. Government foreign credits and
The accumulated total of U.S. assets claims rose in 1965 by a net amount of
and investments abroad reached a $1.8 billion, to $25.1 billion. Most of
record of over $106 billion by the the increase was in long-term credits
end of 1965. The increase for the (some repayable in foreign currencies)
year was $7.0 billion. The book value to less-developed countries. Holdings
of direct investments rose $4.8 billion— by the Government of reserve assets
derived from capital outflows of nearly in the form of convertible foreign
$3.4 billion and undistributed profits currencies and the IMF gold tranche
of $1.5 billion—to reach an accumu- rose by $443 million, reflecting mainly
lated total of $49.2 billion. Other long- an additional subscription of $259
term private investments abroad rose million to the IMF. On the other
by $1.1 billion to $21.6 billion. This hand, the U.S. monetary gold stock
increase reflected capital outflows of a diminished by $1.7 billion to $13.8
like amount; changes in market values billion at the end of 1965.
were not significant. Of these portForeign assets and investments in
folio investments, some $9.5 billion was the United States rose only about
in Canada and $5.2 billion in Europe. $2.0 billion in 1965, much less than in
Short-term privately held foreign assets the previous year. This reflected priwere reduced in 1965 because of the
return flow of funds connected in large
U.S. Private
part with the application of the Govern- Table 13.—Factors Affecting theand 1965
Investment Position, 1964
International Investment
Position
Table 12.—Foreign Direct Investments in the United States, Selected Data, 1950, 1964 and
1965, by Country and Industry
[Millions of dollars]
Type of investment
1964 r
1965
66, 513
6,523
1,431
75,820
3,690
1,525
1, 353
75, 820
80, 942
[Millions of dollars]
Value
Capital Flow
1964
1965
1965
Decem- Decem- December
ber
ber
New
New
1965 v Total Invest- Other Total Invest- Other Earn1964
1950
ments 2
ings
ments 2
Total
3,391
U.S. private investments abroad:
Earnings 1
Income i
Undistributed
profits
8,363
8,812
-5
71
-76
71
89
-18
736
392
358
By area:
Canada
1,029
2,284
2,367
26
8
18
21
53
-32
195
154
58
United Kingdom
1,168
2,796
2,865
-36
33
-69
-52
11
-63
214
116
91
Other Europe
Belgium
France
Germany Italy
Netherlands
Sweden
Switzerland.
Other countries
1,059
n.s.s.
n.s.s.
n.s.s.
n.s.s.
334
n.s.s.
348
377
3,023
175
197
156
82
1,231
199
896
88
3,240
198
200
206
88
1,304
216
938
89
24
8
8
-5
-9
-6
7
24
-3
26
3
5
2
4
10
2
(*)
-2
8
5
-10
-11
-10
-3
22
__0
38
16
(*)
40
8
-33
7
4
-4
19
1
2
11
3
19
15
-2
29
5
-33
7
2
285
8
9
17
(*)
149
14
77
10
91
3
4
5
1
29
4
40
5
195
7
5
11
-2
120
10
37
5
Japan
n.s.s.
72
119
-38
2
-40
33
2
31
40
28
14
134
187
220
19
2
17
31
4
27
2
3
Other countries
2
A
(*)
By industry :
Petroleum
Manufacturing
Trade
405
1,138
n.s.s.
Insurance
Other Finance
Other industries
3 1,065
(4)
784
1,710
3,465
766
1,612
3,213
675
3
2, 181
(4)
683
3
-55
59
-65
1
45
4
-56
14
-69
-63
119
48
2,188
(4)
684
i
34
23
5
16
—1
29
7
—1
-37
6
68
10
-63
51
38
215
303
66
26
176
25
184
129
43
11
(*)
-1
-48
6
38
107
6
38
108
20
6
-5
p Preliminary.
n.s.s. Not shown separately.
*Less than $500,000.
1. "Earnings" represents the foreign share in corporate or branch profits; "Income" is the amounts distributed, after withholding taxes, as dividends, interest, or branch profits.
2. "New investments" represents initial investments in U.S. companies or increase in equity capital of existing foreignowned U.S. companies.
3. Includes market revaluations of securities held by insurance companies.
4. Included in "Insurance."
Total, beginning of year
Add* Capital outflow *
Reinvested earnings-- _
Price changes and other adjustments __
Total, end of year
Direct investments:
Value, beginning of year
Add' Capital outflow l
Reinvested earnings. _
Other adjustments 2
Value, end of year
40, 686
2,416
1,431
—147
44, 386
-93
44,386
3,371
1,525
-65
49, 217
Other long-term private investments
abroad:
Value, beginning of year
17, 644
1,961
Add' Capital outflow *
325
Price changesOther adjustments
603
Value, end of year
. 20, 533
20, 533
1,080
Short-term assets and claims:
Value, beginning of year
Add: Capital outflow 1
Enlarged coverage of reports
Value end of year
8, 183
2,146
572
10, 901
10, 901
-761
1
10, 141
7,944
8,363
-9
-20
21, 584
Foreign long-term investments in the
United States:
Direct investments:
Value beginning of year
Add' Capital inflow 1 _
Reinvested earnings
Other adjustments s
Value, end of year _
Other long-term investments:
Value beginning of year
Add- Capital inflow *
Price changes
Other adjustments
Value, end of year
__
_ _ __.
__ .
.
327
97
71
358
20
8,363
8,812
14, 847
1,641
16, 616
-238
1,214
16, 616
17, 596
114
__
14
4
r Revised.
1. Included in the balance of payments accounts.
2. For detail see note to table 5.
,
3. Mainly revaluations of securities held by affiliates of
foreign insurance companies.
SUEVEY OF CUKKENT BUSINESS
40
marily the reduction in the deficit in
the U.S. balance of payments and the
financing of a larger part of the remaining deficit through sales of gold.
Foreign holdings of liquid dollar assets
increased by only $133 million in 1965
as compared with a rise of $2.6 billion
in 1964. Moreover, there was a sizable
net sale of U.S. securities in 1965,
representing largely the liquidation of
September 1966
British holdings. Price changes had
added $1.6 billion to the market value
of foreign holdings of U.S. securities
in 1964 (table 13); in 1965, this gain
was $1.2 billion.
Table 14.—International Investment Position of the United States, Total 1950, by Area, 1964-65
[Millions of dollars]
Total
Type of investment
1950
U.S. assets and investments abroad, total
1964 '
Western Europe
International
institutions
and unallocated
Other foreign
countries
1965 P
1964 r
1965 P
1964 '
1965 »
1964 '
1965 v
1964 '
1965 P
1964 r
27,875
29,594
24,844
25,995
17,325
18,207
24,276
27, 140
4,799
5,129
3, 166
31,539
99, 119
106,065
Gold stock (not included in total) __
22, 820
15, 471
1
Private investments
_. _
Latin American
Republics
Canada
1965 P
13, 806
19, 004
75, 820
80, 942
19,602
21,164
24,839
25, 987
13,789
14, 387
14, 665
16,238
2,925
.
17,488
64,919
70, 801
17, 528
19, 101
22, 688
24,694
11, 197
11, 764
10, 581
12, 076
2,925
3, 166
Direct
Foreign dollar bonds
Other foreign bonds 3
Foreign corporate stocks
Banking claims
Other
11, 788
1,692
1,466
1,175
390
977
44, 386
8,218
978
49, 217
9,126
1,050
12, 109
779
30
13, 796
146
679
7, 702
1, 370
71
190
1,052
196
2 2, 017
1,149
127
633
9, 371
550
163
75
1,247
358
2 1, 885
1,040
1,706
839
8, 894
555
167
67
1,200
314
8,763
710
15, 172
5, 096
736
4, 317
s 2, 043
13, 894
823
80
1,893
1,598
813
Long-term
_
Short-term assets and claims
5,270
4, 085
51,982
5,048
4
2,065
4,474
2,948
4
2,865
4
1,508
71
215
1, 326
193
(*)
(*)
1, 516
_
Repayable in dollars 8
Repayable in foreign currencies, etc.9
10, 141
2,074
2,063
2,151
1,293
2,592
2, 623
4,084
4, 162
(*)
(*)
6 7, 957
67,728
1,175
888
1,004
1,147
669
624
2,131
461
2,204
419
3,612
472
3,680
2,413
1,210
864
(*)
(*)
(*)
(*)
12, 535
U.S. Government credits and claims
10, 901
886
630
Reported by banks
Other
_
Long-term credits 7
4
23,299
25, 123
8,273
8,430
5
8
3,536
3,820
9,611
10, 902
1,874
1,963
10, 768
18,777
20, 318
7,354
7,403
3,298
3, 679
7,025
8,141
1, 100
1, 095
2,972
3,255
4, 388
1, 100
1,095
326
424
3,705
3,320
238
141
2,585
2,760
5
5
1
1
769
863
2,944
n.a.
n.a.
13, 974
322
482
5,350
6,197
1,157
6, 230
1,173
3,321
3,161
491
253
2
2
1,445
1,201
11,644
428
774
3
6
17,635
56,883
58,932
33,367
34, 149
8,307
8,169
5,462
6,034
7,008
7,905
2,739
2,675
7,997
24, 979
26, 408
17,726
18, 342
4,187
4,475
1,686
1,816
1,167
1, 332
213
443
3,391
2,925
181
1,500
8,363
13,835
8,812
14, 598
916
6,105
10, 530
654
1,053
2,284
2,367
2,082
5,819
10, 159
663
1,085
1,726
(*)
177
1,930
(*)
178
134
1, 077
80
395
161
1,172
77
406
126
792
49
200
179
871
47
235
81
130
2
95
138
210
Short-term assets and U.S. Government
obligations
9,638
31, 904
32, 524
15, 641
15, 807
4,120
3,694
3,776
4,218
5, 841
6, 573
2,526
2, 232
By type:
Private obligations
6,477
17, 534
18, 162
7,088
7,138
2,205
1,887
3,340
3, 709
4, 475
5,036
426
392
5,751
726
16, 718
816
17, 195
967
6,652
6,584
3,599
110
4, 297
178
4,842
554
1,778
109
3,226
436
2,117
88
194
426
(*)
3,161
14,370
14, 362
8,553
8,669
1,915
1,807
436
509
1,366
1,537
2,100
1, 840
1,508
1,470
8, 799
10 2, 405
n 1, 440
1,726
8,356
2,329
5,585
867
690
170
81
241
78
1,157
93
1, 331
96
1,020
827
969
679
29
796
676
11 299
36
185
190
116
110
253
192
1,841
1,848
431
1,738
1,541
415
1,649
408
1,719
1,867
409
1,942
3,475
3, 851
1, 971
751
Foreign currencies and short-term claims
IMF gold tranche position and monetary
authorities' holdings of convertible currencies
_ _
Foreign assets and investments in the United
States, total
___
Long-term
.
Direct .
Corporate stocks
Corporate, State, and municipal bonds
Other
Reported by banks
Other..
U.S. Government obligations
Bills and certificates
Marketable bonds and notes
__ _
Nonmarketable bonds and notes
Other 12
__ _
By holder:
Foreign central banks and governments and
international and regional institutions.—
Foreign commercial banks 13
Other private holders and unallocated_____
183
n.a.
2,100
n.a.
4,803
922
1,859
20, 032
7,303
4,569
14, 968
11 1, 692
1,985
714
1,111
1, 143
5,019
800
1,393
1,457
20, 079
7,419
10, 541
10, 391
1,761
1,918
5,026
3,339
r
Revised.
* Preliminary.
n.a. Not available.
*Negligible.
1. Reflects payment of $259 million gold portion of increased U.S. subscription to the IMF
in the second quarter of 1965.
2. Represents tlie estimated investment in shipping companies registed primarily in
Panama and Liberia.
3. Consists primarily of securites payable in foreign currencies, but includes some dollar
obligations including prior to 1963 participations and loans made by the International Bank
for Reconstruction and Development. Effective 1963, participations in IBRD loans are
included under banking claims and "other" long-term, according to country of obligor.
4. Excludes $200 million netted against a related inflow of U.S. direct investment capital.
5. Includes $254 million loaned to Canada in connection with Columbia River power
development.
6. New series. For detail see Treasury Bulletin, August 1966, p. 99.
7. Excludes World War I debts that are not currently being serviced.
8. Includes indebtedness repayable in U.S. dollars, or optionally in foreign currencies when
option rests with U.S. Government.
3,498
H329
114
1,708
658
3,753
392
(*)
2,232
2,526
(*)
(*)
9. Includes indebtedness which the borrower may contractually, or at its option, repay
with its currency, with a third country's currency, or by delivery of materials or transfer
of services.
10. New series based on a Federal Reserve Board survey as of July 31, 1963. Data to
reconcile the old and new series are not available.
11. Includes $204 million at end of 1964 and $174 million at end of 1965 of n on marketable
bonds issued to the Government of Canada in connection with transactions under the Columbia River Treaty.
12. Includes noninterest-bearing demand notes issued in payment of subscriptions to international and regional organizations (other than IMF), portfolio fund certificates sold
abroad by Export-Import Bank, liabilities associated with Government grant and capital
transactions (including restricted accounts), and advances for military exports and other
Government sales. Effective 1965, includes liabilities of U.S. monetary authorities for gold
deposited by and held for IMF.
13. As reported by U.S. banks; ultimate ownership is not identified.
U. S. GOVERNMENT PRINTING OFFICE : 1966 O - 228-744
CURRENT BUSINESS STATISTICS
JL HE STATISTICS here update series published in the 1965 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.00) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1961 through 1964 (1954-64 for major quarterly series), annually, 1939-64; for selected series,
monthly or quarterly, 1947-64 (where available). Series added or significantly revised after the 1965 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (f), respectively; certain revisions for 1964 issued too late for inclusion in the 1965 volume appear in the monthly
SURVEY beginning with the September 1965 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding
to revised annual data are available upon request.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided through
the courtesy of the compilers, and are subject to their copyrights.
1963
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964 | 1965
II
Annual total
1964
1963
III
IV
I
II
1965
III
| IV
I
II
1966
III
| IV
I
II
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
Gross national product, totalf
bil. $__
Personal consumption expenditures, total _ do__
Durable goods, total 9 _ _
Automobiles and parts
Furniture and household equipment
do
do
do
Nondurable goods, total 9
Clothing and shoes
Food and beverages
Gasoline and oil
do
do
do.
do_ __
Services total 9
Household operation
Housing
Transportation
-
-
_
do__
_ _ do
- -- do
do
590.5
631.7
681.2
584.2
594.7
605.8
616.8
627.7
637.9
644.2
660.8
672.9
686.5
704.4
721.2
732.3
375.0
401.4
431.5
372.0
378.3
381.5
391.1
398.0
407.5
408.8
418.9
426.8
435.0
445.2
455.6
460.1
53.9
24.3
22.2
59.4
25.8
25.1
66.1
29 8
27.1
53.2
24.1
21.7
54.5
24.4
22.5
55.6
24.9
23.1
57.6
25.3
24.1
59.8
26.0
25.4
61.1
27.1
25.3
58.9
24.6
25.7
65.1
30.1
26.0
64.4
29.2
26.2
66.7
30.2
27.3
68.0
29.9
28.8
70.3
31.4
29.6
67.1
28.5
29.2
168.6
30 6
88.2
13.5
178.9
33.6
92.8
14.1
190.6
35 9
98.4
15.1
168.0
30.3
88.3
13.3
169.9
31.4
88.3
13.5
169.6
30.7
88.' 6
13.7
174.9
32.8
90.7
13.9
176.5
32.7
92.1
13.9
181.7
34.3
93.9
14.2
182.4
34.4
94.4
14.4
184. 5
34.6
95.4
14.4
189.4
35.6
97.8
15.2
191.4
36.0
98.7
15.3
197.0
37.5
101.6
15.7
201.9
39.4
103.3
15.8
205.6
39.7
104.8
16.1
152.4
23.1
55.4
11 4
163.1
24.3
59.2
11.8
174 8
25.6
63.2
12 8
150.8
22.7
55.0
11.4
153.9
23.5
55.8
11.5
156.3
23.3
56.8
11 6
158.7
23.8
57.7
11.7
161.6
24.2
58.7
11.7
164.7
24.7
59.6
11.9
167.5
24.7
60.7
12.1
169. 3
24.7
61.6
12.2
173.0
25.4
62.7
12.7
176.9
26.0
63.6
13.0
180.2
26.3
64.7
13.4
183.4
26.5
66.0
13.5
187.4
27.1
67.1
13.9
106.7
87.1
93.0
106.6
85.1
88.0
92.9
90.2
91.8
92.5
97.4
103.8
103.7
111.9
114.5
118.5
81.3
54.3
19.5
34.8
27 0
26 4
5.9
5.1
88.3
60.7
21.0
39.7
27 6
27.0
4.7
5.3
97 5
69.7
24.9
44.8
27 8
27 2
9.1
8.1
80.3
53.5
19.7
33.8
26.8
26.2
4.8
4.3
82.0
55.0
19.4
35.5
27.1
26.5
6.0
5.3
84.7
56.8
19.9
36.8
28 0
27 4
8.1
7.0
86.6
58.1
20.3
37.9
28.5
27.9
3.5
3.6
87.6
59.7
20.9
38.8
27.9
27.3
4.2
5.1
88.9
61.7
21.0
40.7
27 2
26 6
3.6
4.6
90.0
63.3
21.8
41.4
26.7
26.2
7.4
7.9
94.4
66.7
23.6
43.1
27.7
27.2
9.5
9.4
96.0
67.9
24.6
43.3
28.1
27.5
7.6
6.7
98.0
70.2
24.4.
45.8
27.8
27.3
8.7
7.2
101.5
73.9
26.8
47.1
27.6
27.0
10.4
9.0
105.6
77.0
28.5
48.5
28.6
28.0
8.9
8.5
106.2
78.2
27.9
50.3
28.0
27.4
12.3
12.1
5.9
32.3
26 4
8.5
37.0
28.5
7.0
39 0
32 0
6.2
32.4
26.2
5.6
32.5
26.9
7.1
34.3
27.1
9.0
36.4
27.4
7.9
36.0
28.1
8.4
37.2
28.8
8.6
38.1
29.6
6.4
35.1
28.7
8.2
40.5
32.3
7.1
40.1
33.0
6.1
40.3
34.2
6.0
41.7
35.6
4.7
41.9
37.3
Govt. purchases of goods and services, total, .do
Federal
_ _ _ _ do
National defense
_
do
State and local
do
122.5
64 2
50.8
58 2
128.9
65.2
50.0
63 7
136.2
66 8
50.1
69 4
120.9
63.4
50.5
57 5
122.9
64.2
51.0
58 7
124.3
64.4
50.3
59 8
126. 5
64.9
50.1
61 6
130.1
66.6
51.6
63 4
129.5
65.1
49.8
64 4
129.4
64.1
48.5
65.3
131.6
64.4
48.2
67 3
134.3
65.6
49.1
68.7
137.7
67.5
50.7
70 2
141.2
69.8
52.5
71.4
145.0
71.9
54.6
73.1
149.0
74.0
57.1
75.0
By major type of product:!
Final sales, total
Goods, total
Durable goods
Nondurable goods
Services
Structures
do
do do_ _
do
_ _ do
do
584 6
292 7
113 3
179.4
226 2
65 7
627 0
313 6
122.2
191.3
244.5
68 9
672 1
335 7
132 2
203.5
262 0
74 5
579 4
290.1
111.8
178.3
223.8
65 5
588 8
294 7
114 7
180.1
228 1
65 9
597 7
298 1
117 3
180.8
232 2
67 4
613 3
307 1
119 6
187.5
237 3
68 8
623 5
311 4
122 4
189.0
242 7
69 4
634 4
318 8
125 0
193.8
247 1
68 5
636 8
316 9
122 0
195.0
251 1
68 8
651 4
324 3
127 7
196.6
254 3
72 7
665 3
331 2
128 8
202.4
259.8
74 3
677 8
338 8
134 3
204.4
265.1
73 9
694.0
348.4
137.9
210.5
268.8
76 9
712.3
357.0
141.8
215.2
275.5
79.8
720.0
359.3
140.6
218.7
282.1
78.6
do
do. _
do
5.9
28
3.1
4.7
3.3
1.4
9.1
6 3
2.7
4.8
3.2
1.6
6.0
2.3
3.7
8.1
38
4.4
3.5
23
1.2
4.2
36
.5
3.6
28
,8
7.4
4.4
2.9
9.5
7.4
2.1
7.6
6.4
1.2
8.7
6.7
2.1
10.4
4.7
5.7
8.9
5.8
3.1
12.3
9.0
3.3
Gross private domestic investment, total
do
Fixed investment
do_
Nonresidential
- _ __ _ __ do
Structures
do
Producers' durable equipment
do
Residential structures
do
Nonfarm
do _
Change in business inventories
do
Nonfarm
do
Net exports of goods and services
Exports
Imports
-
_
do____
do
do
-
_
_ _
C hange in business inventories
Durable goods
_
Nondurable goods
GNP in constant (1958) dollars
bil. $-_
Gross national product, total t
Personal consumption expenditures, total
Durable goods _ _ _ _ _
Nondurable goods
Services _ _
551.0
580.0
614.4
546.0
554. 7
562.1
569.7
578.1
585.0
587.2
600.3
607.8
618.2
631.2
640.5
643.5
do
353.3
373.8
396.2
350.9
356.1
357.7
365.7
371.0
379.5
378.9
387.1
392.2
398.9
406.5
412.8
412.2
53.7
162 2
137 4
59.1
170 5
144 2
66.4
178 2
151 6
53.0
161 7
136.2
54.4
163 3
138 4
55.3
162 4
140 0
57 2
167 2
141 2
59 5
168 4
143 1
60.9
173 3
145 3
58.8
173 1
146 9
64.8
174 2
148 1
64.2
177 6
150 4
67.2
178 5
153 1
69.2
182 5
154.8
72.2
184.1
156.5
68.5
185.8
157.9
do
82.5
86.5
97.8
80.6
83.1
87.7
84.6
85.6
85.7
90.2
95.9
95.3
97.9
102.2
103.5
106.3
do
do,
do._do
76 7
51.9
24.8
5.8
81.9
57.4
24.6
4.6
89 0
64.9
24.1
8.8
75.9
51.1
24.7
4.8
77.2
52.5
24.7
5.9
79 7
54.3
25.4
8.1
81 2
55.5
25.7
3.5
81 6
56 6
24.9
4.0
82 2
58 2
24 1
3.5
82 8
59 2
23 6
7.4
86 6
62 3
24.4
9.3
88 0
63 4
24.5
7.3
89 4
65.5
23.9
8.5
91.9
68.4
23.5
10.2
95.0
70.8
24.3
8.5
94.7
71.3
23.4
11.6
5.6
8.5
6.3
5.7
5.5
7.1
9 2
82
84
80
5.7
71
6.4
6.0
5.9
4.6
__ _ _ do. _
do
do
Gross private domestic investment, total
Fixed investment
Nonresidential
_
Residential structures
Change in business inventories
Net exports of goods and services.. __ _
do
Govt. purchases of goods and services, total. _do
114.1
109.6
108.7
110.0
111.3
Federal
do
59.5
59.0
57 8
59 6
57.8
State and local
.._
do
50.1
53.4
56.3
49.7
50.4
r
Revised.
* Preliminary.
f Revised series. Estimates of national income and product and personal income have been revised (see p. 11 ff. of the July 1966 issue of the SURVEY);
109.5
110.3
110.1
111.5
113.2
113.3
111.3
58 7
58 2
59 7
56 2
57 3
57 4
56 1
50.9
52.0
53. fi
53. 9
54.0
55. 3
55. 9
revisions prior to May 1965 for personal income appear on
the SURVEY.
9 Includes data not shown separately.
120.4
118.3
115. 0
116.6
61.9
60.4
59.3
58 3
58.5
56.7
57.3
57.9
p. 18 fl. of the July 1966 issue of
s-i
228-744 O - 66 - 4
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1963
1964
Annualtotal
1965
1963
IV
September 1966
1964
I
II
1965
IV
III
I
II
1966
I
IV
III
II
III
IV
GENERAL BUSINESS INDICATORS— Quarterly Series— Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
481.9
517.3
504.0
559.0 493.9
National income total f
foil
$
Compensation of employees, total _
do
341.0
365.7 392.9
349.2 355.3
311.1
358.4 318.5 324.4
Wages and salaries, total
do
333. 6
Private
- do
251.6
269.3 289.1 257.1 261.8
10.8
Military
do
11.7
12.1
11.6
11.6
Government civilian
_do__ _
48.6
51.0
52.6
49.8
57.1
Supplements to wages and salaries
do
29.9
32.0
31.0
34.5
30.8
51.4
Proprietors' income, total 9
do
51.0
51.9
51.3
55.7
37.9
39.9
Business and professional 9
do
39.1
38.5
40.7
Farm
- do
12.2
12.0
13.1
15.1
12.9
Rental income of persons
_ _do
17.4
17.7
17.2
18.3
17.1
Corporate profits and inventory valuation adjust58.9
74.2
61.4
ment total
foil.
$
66.6
65.3
By broad industry groups:
8.4
Financial institutions
do
7.8
8.0
8.9
7.9
Nonfinancial corporations, total
do
51.2
58.2
53.5
57.3
65.3
Manufacturing, total
do
32.4
32.1
30.2
28.8
37.8
14.1
Nondurable goods industries
do
13.4
13.0
14.5
15.7
Durable goods industries _ _ _
__do
17.9
15.8
22.1
18.1
16.8
Transportation, communication, and public
10.4
10.1
utilities
foil.
$
9.5
11.1
9.8
15,4
All other industries
do
12.9
16.4
15.0
13.5
59.4
65.8
Corporate profits before tax, total
do
67.0
75.7
62.7
31.2
Corporate profits tax liability
do
28.4
27.9
26.3
27.8
Corporate profits after tax
do
34.9
44.5
38.0
33.1
38.7
19.2
16.8
Dividends
- do_ _
17.1
16.5
17.3
20.9
21.3
18.1
Undistributed profits
do
25.3
16.6
Inventory valuation adjustment
do
-.4
-.5
-1.5
-1.3
131 8
15.5
17.8
14.7
14.7
Net interest
do
DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
496.0 535.1 475.8 484.0
Personal income total
foil
$
465.5
59.4
Less' Personal tax and nontax payments
do
60.9
66.0
61.7
60.7
436.6 469.1 414.1 423.4
Equals' Disposable personal income
do
404.6
401.4
443.4
391.6
Less* Personal outlays©
do
412.1
384.7
22.0
22.5
Equals' Personal saving§
do
24.5
25.7
19.9
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
9.40
11.09
39.22
44.90 51. 96
All industries
foil.
$
3.79
4.56
Manufacturing
_ _ _
do
15.69
18.58
22.45
1.93
2.31
9.43
7.85
11.40
Durable goods industries _
do
2.25
1.87
Nondurable goods industries
do
9.16
7.84
11.05
.28
.26
Mining
do
1.04
1.19
1.30
.33
.32
1.41
1.10
Railroad
do
1.73
.54
.51
1.92
Transportation, other than rail- _
do
2.38
2.81
6.22
1.61
1.18
5.65
Public utilities
do_ _
6.94
1.06
.97
Communication
do
3.79
4.30
4.94
2.72
2.37
10.03
10.83
Commercial and other
do
11.79
Seas. adj. qtrly. totals at annual rates:
41.20
42.55
All industries
_ do
16.45
17.40
Manufacturing _
_ _
do
8.30
8.85
Durable goods industries
do __
8.15
8.55
Nondurable goods industries
do
1.05
1.15
Mining
_ _
_
do
1.35
1.40
Railroad
do
2.10
2.30
Transportation, other than rail
do
5.80
5.95
Public utilities
do
4.05
4.05
Communication
_
do
10.25
10.45
Commercial and other
_do_
U.S. BALANCE OP INTERNATIONAL
PAYMENTSc?
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
9,112
32, 339
36,958 38, 993 8,564
military grants)
mil $
6,156
5,949
22, 071
Merchandise, adjusted, excl military
do
25, 297 26,276
198
145
844
657
747
Military sales
do
5,392 5,901 1,183 1,402
4,654
Income on U S investments abroad
do
1,356
1,287
5,522
5,972
4,957
Other services
do
-26,442 -28,468 -32, 036 -6, 784 -6, 850
Imports of goods and services
do
Merchandise, adjusted, excl. military d o _ _ _ -16,992 -18,621 -21, 488 -4, 372 -4,389
-740
-719
-2, 936 -2,834 -2,881
Military expenditures
do
-352
-339
Income on foreign investments in the U.S__do___ -1, 271 -1,404 -1,646
-5,243 -5, 609 -6,021 -1,341 -1,382
Other services
do
Unilateral transfers, net (excl. military grants);
-702
-683
-2,784 -2, 765 -2, 794
transfers to foreigners ( — )
mil $
Transactions in U.S. private assets, net; increase
-4,456 -6, 523 -3, 690 -1, 106 -1,360
(— )
mil $
Transactions in U.S. Govt. assets, excl. official
-291
-486
-1,664 -1,674 -1,575
reserve assets' increase ( — )
mil $
Transactions in U.S. official reserve assets, net;
-51
378
171 1,222
increase ( — )
mil $
Transactions in foreign assets in the U.S., net (U.S.
419
358
309
2,981
3,312
liabilities) * increase (+)
mil $
143
299
133
2,292
2,627
Liquid assets
do
215
120
176
689
685
Other assets
do
-296
161
-429
-352 -1,011
Unrecorded transactions. _ . _ _ _ _ _ _ do_
Balance on liquidity basis—increase in U.S. official
reserve assets and decrease in liquid liabilities to
-248
-138
-2,670 -2, 798 '-1,33
all foreigners' decrease ( )
mil $
Balance on official reserve transactions basis—increase in U.S. official reserve assets and decrease in
liquid and certain nonliquid liabilities to foreign
-144
-92
nffinial aowinioc' rJoproaoo f \
mil
<fc
-2 044 -1.546 r-1.30
r
Revised.
p Preliminary.
1 Estimates for July-Sept. 1966 based on anticipated capital expenditures of business.
2
Estimates for Oct.-Dec. 1966 based on anticipated capital expenditures of business.
Anticipated expenditures for the year 1966 are as follows (in foil. $): All industries, 60.86; manufacturing, total, 27.08; durable goods industries, 13.96; nondurable goods industries, 13.11;
mining, 1.46; railroad, 1.96; transportation, 3.62; public utilities, 8.16; commercial and other
3
(incl. communication), 18.60.
Includes communication.
513.7
362.2
330.6
267.1
11.6
51.9
31.7
52.2
39.9
12.2
17.6
522.9
369.8
337.4
272.3
11.7
53.4
32.4
51.9
40.3
11.7
17.8
528.5
375.3
342.2
275.9
11.9
54.3
33.1
52.2
40.3
11.9
17.9
543.3
381.7
348.2
281.2
11.8
55.2
33.5
53. 3
40.5
12.9
18.1
552.2
387.8
353.7
285.8
11.7
56.3
34.1
55.9
40.4
15.5
18.3
562.7
395.6
360.8
291.1
12.0
57.7
34.8
56.7
40.7
16.0
18.4
577.8
406.5
370.8
298.5
13.0
59.3
35.7
57.1
41.1
16.0
18.5
595.7
419.6
380.0
305.9
13.6
60.4
39.6
58.4
41.4
17.0
18.7
604.1
427.9
387.4
311.5
14.1
61.8
40.5
57.9
41.6
16.3
18.8
66.5
67.8
66.8
73.2
72.7
74.0
76.9
80.0
'79.9
8.5
58.1
32.4
14.6
17.7
8.4
59.3
33.0
14.6
18.4
8.6
58.1
32.2
14.7
17.5
8.5
64.6
37.4
15.5
21.9
8.7
64.0
36.7
15.5
21.2
8.9
65.0
37.4
15.5
21.9
9.5
67.5
39.6
16.4
23.2
9.4
70.6
41.9
17.2
24.7
9.8
70.0
40.6
17.2
23.4
10.2
15.5
66.8
28.3
38.5
17.3
21.3
-.3
15.1
10.6
15.7
67.8
28.7
39.1
17.4
21.7
.0
15.7
10.5
15.5
67.7
28.6
39.0
17.7
21.4
-.9
16.3
10.7
16.5
74.5
30.7
43.8
18.1
25.7
-1.3
16.9
10.9
16.4
74.5
30.7
43.8
18.8
25.0
-1.8
17.5
11.2
16.4
75.0
30.9
44.1
19.5
24.6
-1.0
18.1
11.5
16.4
78.7
32.4
46.3
20.2
26.1
-1.8
18.7
11.3
17.4
82.7
34.1
48.7
20.9
27.8
-2.8
19.1
12.0
17.4
'82.8
'34. 1
48.7
21.1
'27.6
2 9
19.6
492.0
56.9
435.1
408.5
26.6
500.3
59.1
441.2
418.4
22.8
507.5
60.9
446.6
420.0
26.6
518.0
64.9
453. 2
430.3
22.8
527.6
66.6
461.0
438.6
22.4
541.9
65.7
476.2
447.1
29.0
552.8
66.7
486.1
457.6
28.5
564.6
69.5
495.1
468.4
26.7
573.5
73.6
499.9
473.3
26.6
11.11
4.53
2.30
2.23
.29
.36
.63
1.58
1.10
2.61
11.54
4.67
2.37
2.30
.30
.37
.59
1.71
1.06
2.84
12.84
5.59
2.83
2.76
.33
.35
.64
1.76
1.17
3.01
10.79
4.54
2.25
2.28
.29
.39
.58
1.32
1.08
2.59
12.81
5.47
2.76
2.70
.33
.44
.77
1.71
1.24
2.85
13.41
5.73
2.91
2.82
.32
.44
.72
1.88
1.22
3.10
14.95
6.72
3.48
3.24
.35
.46
.73
2.04
1.41
3.25
12.77 ' 15. 29
5.61 '6.78
2.87 '3.51
2.74 '3.27
.33
'.40
.40
'.55
.75 ' 1.00
1.60 '2.09
1.26
1.42
2.83 '3.06
43.50
17.80
9.00
8.80
1.15
1.25
2.25
6.30
4.30
10.45
45.65
18.85
9.60
9.20
1.20
1.50
2.40
6.30
4.40
11.00
47.75
20. 15
10.15
10.00
1.30
1.55
2.60
6.35
4.40
11.40
49.00
20.75
10.40
10.40
1.25
1.75
2.55
6.80
4.55
11.30
50.35
21.55
10.80
10.70
1.30
1.55
2.70
6.85
4.80
11.60
52.75
23.00
11.75
11.25
1.25
1.70
3.00
6.75
5.05
11.95
55.35
24.15
12.45
11.70
1.35
1.95
3.00
7.30
5.30
12.25
58.00
25.60
13.15
12.45
1.40
1.75
3.30
8.25
5.35
12.35
'115. 64 2 17. 16
6.84
7.84
'3. 54
4.04
'3.30
3.80
.36
.37
'.47
.54
'.90
.97
'2.22
2.25
'34. 84
35.19
' 60. 10 '161. 60 2 63. 55
28.15
' 26. 80 27.55
' 13. 85 ' 14. 35 14.40
r 12. 95 ' 13. 20 13.70
1.40
'1.55
1.45
'2.00 '1.85
2.30
'3.50 '3.70
3.95
'8.30 '8.05
8.10
5.50
' 12. 45 '319. 00 3 19. 65
9,001
9,308 9,537 8,776 10, 136 10, 016 10, 065 ' 10,456 plO, 565
7,121 p7, 111
6,826
7,027
6,092 6,389
5,625
6,798
6,660
'198
199
216
201
229
162
200
*>258
186
' 1, 541 pi, 596
1,470
1,253
1,561
1,616
1,254
1,369
1,368
1,521
1,493
1,568 ' 1, 596 pi, 600
1,423
1,390
1,354
1,389
-7, 032 -7, 196 -7, 390 -7,164 -8, 087 -8,245 -8,540 '-8,922 p-9,238
-4, 579 -4, 752 -4,901 -4,656 -5,481 -5,595 -5, 756 -6, 003 p-6,258
-745
-771 ' -854 p-913
-683
-664
-701
725
-686
-411
-372
-404
-458 '-436 p-436
-373
-344
-349
-1,384 -1,409 -1,434 -1,471 -1,501 -1,494 -1, 555 '-1,629 p-1,631
-662
-768
-719
-645
'-852
p-733
-1, 385 -1,589 -2, 189 -1,605
-346
827
912
'-908
p 1, 104
-469
-268
-717
-694
-671
-350
-415
-618
-471
'-332
p-471
303
70
-151
842
68
41
271
424
P 68
332
249
83
-152
719
547
172
-203
1,842
1,532
310
-360
180
-145
325
0
-425
-294
-131
-109
242
493
-251
-240
312
'61
'251
-552
-617 -1,381
-697
226
-534
-367
r
-332
'402
P 979
' 132
p 89
'270
p 890
' -268 p -66
' -556
p-157
'232 -1.158 ' -246 P-183
-845
-618
'239
-326
-231
fSee corresponding note on p. S-l.
9 Includes inventory valuation adjustment.
©Personal outlays comprise personal consumption expenditures, interest paid by consumers, and personal transfer payments to foreigners.
§Personal saving is excess of disposable income over personal outlays.
ci^More complete details are given in the quarterly reviews in the Mar., June, Sept., and
Dec. issues of the SURVEY.
SURVEY OF CUKEENT BUSINESS
September 1966
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965 P
1966
1965
July
Annual
S-3
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.?
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCEf
Seasonally adjusted, at annual rates: f
Total personal income
bil. $
Wage and salary disbursements, total
do
Commodity-producing industries, totaLdo
Manufacturing
do
Distributive industries
do ~_
Service industries
Government
Other labor income
Proprietors' income:
Business and professional
Farm
do _ _
-do _ _
do
do_
- do __
-
Rental income of persons _
do
Dividends
-- -do__ _
Personal interest income
do
Transfer payments
do_ __
Less personal contributions for social insurance
496.0
535.1
535.4
_
1541.8
552.5
547. 2
553.2
560.2
564.7
569.0
570.5
573.0
577.2
374.1
150.7
120. 3
89.7
376.8
152.1
121.8
90.1
380.1
153.9
123.3
90.9
382.9
155.4
124.0
91.4
384.7
156.0
125.2
91.5
387.0
156. 8
125.9
91.9
390.5 '393.7
158.1
158. 2
127.0
127.1
92.8 '93.6
558.2
358.4
144.3
115.5
86.7
358.3
144.0
115.6
86.8
360.6
145.0
116.3
87.1
363.5
145.2
116.5
87.6
366.9
146.9
117.9
88.4
54.1
64.3
16.6
58.1
69.2
18.5
58.6
68.8
18.6
59.1
69.5
18.8
59.8
70.9
19.0
60.0
71.6
19.2
60.6
72.4
19.4
60.9
72.9
19.6
61.1
73.6
19.8
61.2
74.1
20.0
61.7
74.5
20.2
62.0
75.2
20.4
62.5
75.9
20.6
63.0
76.6
20.7
'64.0
78.0
20.9
64.5
78.9
21.1
39.9
12.0
40.7
15.1
40. 7
16.3
40.6
15.9
40.7
15.9
40.8
15.8
41.1
16.0
41.3
16.2
41.3
16.8
41.3
17.0
41.5
17.3
41.5
16.7
41.6
16.3
41.7
15.9
41.8
'15.5
41.9
15.2
17.7
17.3
34.6
36.8
18.3
19.2
38.4
39.7
18.4
19.3
38.7
38.4
18.4
19.5
38.9
38.3
18.5
19.8
39.2
i 49.2
18.5
20.0
39.4
39.8
18.6
20.2
39.7
40.3
18.6
20.5
40.0
41.4
18.6
20.8
40.5
42.3
18.7
21.0
41.0
42.6
18.7
20.9
41.4
42.9
18.7
21.0
41.8
42.6
18.8
21.2
42.1
42.5
18.8
21.1
42.3
43.2
18.9
21.1
42.6
43.5
18.9
21.0
43.0
45.0
13.2
13.6
16.8
16.9
16.9
17.0
17.1
17.2
17.9
18.0
538.8
543.0
547.0
549.1
551.9
556.5
' 559. 8
565.1
13.2
13. 2
479.7
515.6
514.6
39, 115
41, 639
3,040
36, 946
17, 136
19,810
5,022
11, 126
3, 333
39, 187
17, 334
21, 853
5,070
12, 943
3,527
2, 934
1,201
1,733
409
1,017
291
115
124
107
122
126
118
109
105
113
118
118
118
119
120
118
132. 3
143. 3
133.1
133.5
132.6
111.3
151.3
144. 9
148.4
140.7
114. 4
161.0
do
do
do
do
do
131.8
131.7
142.8
128.1
132.0
do___
do
do _
13.2
13.3
13.5
517. 6 i 532. 3
526.9
532.6
3,840
4,504
5, 343
4,578
3,836
3,200
1,292
1,908
401
1,174
318
3,886
1,897
1,989
401
1,241
332
5,003
2,924
2, 079
420
1,296
349
4,494
2,428
2,066
414
1,293
346
3,782
1,775
2,007
443
1,203
338
3,629
1,698
1,931
428
1,172
295
2,843
959
1,884
408
1,150
288
2,969
810
2,159
463
1,329
331
2,764
765
1,999
460
1,189
308
119
113
124
145
165
129
186
255
135
167
212
134
141
155
130
"135
148
125
" 106
84
122
p 110
71
140
109
107
110
116
111
120
140
161
125
184
254
131
167
219
128
134
157
118
"128
152
110
v 93
80
104
139.3
143.2
145.9
149.9
148.1
146.6
148.3
140.3
144.9
134.6
112.3
143.9
143. 3
144.7
118.2
147.5
148.3
146.5
114.2
152.3
154.6
149.4
118.4
150. 5
154.5
145.5
117.2
148.3
155.4
139.3
117.4
149.9
156.3
141.9
115.6
142.4
140.2
159.9
134.0
146.9
138.3
135.2
147.0
131.4
144.9
141. 1
138.9
129.6
141.8
145.9
145.7
143.8
148.4
142.3
149.7
151.4
150.1
174.9
142.2
154.2
148.7
145.2
173.4
136. 2
156. 1
146.4
140.0
168.7
130.9
160.3
132.8
131.2
134.3
144.1
144.2
144.0
140.3
142.9
137.5
145.1
144.5
145. 7
146.2
146.6
145.8
148.6
147.6
149.7
147.6
145.4
149.9
do
132.3
143.3
144.2
144.5
143.5
145.1
do _
133.1
144.9
145.7
146.0
145.2
146.7
133.5
129.1
126.5
138.3
132.7
130.3
148.4
137.5
133.6
152.1
147.8
145.4
150.0
148.7
152.1
138.4
148.0
145.5
150.5
146.5
143.3
149.0
147.5
145. 0
148.2
131.2
125.0
152.3
147.0
144.7
do_ _
585.0
' 580. 0
333. 6
134.0
107. 2
81.2
371.4
149.2
119.6
89.2
12.5
Total nonagricultural income
537.8
537. 2
396.8
159.5
128.7
94.0
FARM INCOME AND MARKETINGS!
Cash receipts from farming, including Government
payments (48 States) total t
mil. $
Farm marketings and CCC loans, total
do
Crops
do __
Livestock and products total 9
do
Dairy products
do
Meat animals
- do__
Poultry and eggs
__ -do
Indexes of cash receipts from marketings and CCC
loans, unad justed :{
All commodities
..1957-59=100
Crops
do
Livestock and products
do
Indexes of volume of farm marketings, unadjusted:*
All commodities
1957-59=100
Crops
do
Livestock and products
do
p2, 800 "3,150
"3,408
2,760
747
2, 013
486
1, 186
299
3,120
1,129
1,991
469
1,177
315
3,279
1,408
1,871
464
1,066
323
"103
67
130
p 103
65
131
"116
98
129
"122
123
121
P 94
61
119
"87
48
115
"90
50
119
"107
89
115
"111
111
112
152.0
154.6
154.6
r 155.
154.1
160.2
146.5
116.9
157. 1
163.9
148.5
118.7
157.8
164.9
148. 9
115.6
148.5
142.2
167.4
134.1
162.1
151.6
145.6
170.7
137.6
164.6
153.2
146. 4
172.5
138.1
167.8
152.3
145.0
172.8
136.2
167.9
172. 7
174.0
146.8
145.9
147.7
148.1
147.4
148.7
152.4
151.7
153.1
155. 7
155.8
155.6
156.7 ' 158. 7 ' 160. 8 ' 152. 2
158.5 ' 160. 0 ' 162. 3 ' 152. 2
152.2
159.3
154.9 r 157. 4
158.4
157
160
146. 4
148.7
150.2
151.9
153.4
153.8
148.2
150. 6
152.4
154.1
155.6
156.5 f 157. 6
150.3
123.7
115.8
155.0
150.9
148.2
151.3
119.4
110.5
158.8
153. 6
152.6
155.0
126.5
118.2
162.1
156.3
154.0
157.6
130.8
122.9
159.1
157.0
154.2
159.7
133.6
128.7
164.0
160.7
158.9
161.7
141.4
136.1
168.4
161.4
158. 9
164.2 ' 165. 5
162.8
142.3 ' 146. 5 r 147. 5
141.1 ' 141. 9
137.0
166.9 ' 165. 0 r 164. 6
161.4 '162.3 ' 162. 2
158. 8
158. 4
159.1
" 3, 695 " 3, 010 * 3, 143 p 2, 883
........
INDUSTRIAL PRODUCTION
Federal Reserve Index of Quantity Output
Unadj., total index (incl. utilities) .... 1957-59 = 100By industry groupings:
Manufacturing, total _
do _
Durable manufactures
do
Nondurable manufactures _
do _
Mining"^
_ _ _
do
Utilities
do
By market groupings:
Final products total
Consumer goods
Automotive and" home goods
Apparel and staples
Equipment including defense _
Materials
_
Durable goods materials
Nondurable materials
Seas adj total index (incl. utilities)
By industry groupings:
Manufacturing, total
Durable manufactures 9
do
Primary metals
do
Iron and steel
.. _
_ do _
Nonferrous metals and products
do
Fabricated metal products
do.__
Structural metal parts
._
do
' 159. 4 ' 151. 5
156. 6
'
169.0 '
'
r 149. 8 r 153. 9
'121.3 ' 122. 7 '
152. 7
158. 4
145. 6
118. 5
158.3
159.6
156.7
123.7
152.9 ' 157. 8 '
144.8 r 150. 1 '
172.3
169.5
143.0
136.9
170.3 r 174. 5 '
150. 8
140. 6
142.0
154.5
145.5
133
9
' 158. 8
' 166. 1
r 162.
3
155.2 '156.5 ' 157. 4
158. 3
' 158. 9 ' 159. 7
160.7
' 165. 9
' 149. 5
' 144. 6
161.9
' 161. 5
158.0
167.2
150
142
Machinery
Nonelectrical machinery
Electrical machinery
Transportation equipment 9
Motor vehicles and parts.._
Aircraft and other equipment.
do
do__
do
do do
do___
141.4
142.1
140.6
130.7
150.1
112.4
160.4
160.3
160.6
149.2
175.2
125.3
160.6
161.7
159.2
149.8
177.4
124.1
161.4
162.4
160.1
151.5
177.5
127.3
162.3
162.4
162.1
149.4
175. 2
125. 6
166.0
165.8
166.2
155. 0
177.1
134.4
167.5
166.9
168.4
157. 3
178.0
138.0
170.7
169.2
172.8
160.7
179.2
143.4
174.3
171.9
177.6
163.1
176.7
150.1
176.7
174.4
179.8
163.2
175.5
151.6
176.0
174.0
178.8
165.8
178.1
154.3
178.4
174.5
183.6
166.0
176.8
156.4
Instruments and related products
Clay, glass, and stone products. __
Lumber and products
Furniture and fixtures
Miscellaneous manufactures
do
do _
do
do
do
136.4
126.0
112.6
143.4
133.4
151.4
133.5
117.4
157.4
146.0
152.1
132.6
115.4
155.8
143.5
152.6
133.5
117.2
156.3
146.6
155.7
133.8
116.2
156.8
147.1
158.0
134.4
118.3
159.7
150.4
159. 0
135.5
119.1
162.6
153. 0
162.2
137.6
125.4
164.3
155.5
166.0
139.4
125.6
165.4
151.2
169.4
141.4
126.5
166.8
155.3
171.9
143.0
129.3
168.8
156.8
176.5
176.3
176.4
174.6
142.0 ' 140. 3 ' 141. 5 ' 139. 9
122.7 * 122. 9 120.0
130.7
169.6 r 173. 8 ' 174. 6 ' 169. 9
157.9
159.3
156.4 r 159. 5
do___
do
132.6
122.9
134.1
102.6
133.4
140.7
134.8
145.0
107.8
142.3
140.4
133.8
143.8
107.7
142.1
140.4
134.8
141.9
107.0
141.1
141. 3
135.7
143.8
108.2
143.9
Nondurable manufactures
Textile mill products
Leather and products
do
Paper and products
do
••Revised.
" Preliminary.
i Italicized total excludes and other footnoted fig ures incliide retroa ctive hi]np-sum payment of social security benefits; disbursements c f $885 m illion put on anmaal rate basis
amounted to $10.6 billion.
t See corresponding note on p. £3-1.
J ]Revised s eries. E>ollar
185.6
183.7
186.5
188.0
184.5
' 167. 1 165.6
165. 8
' 169. 4 ' 162. 1
169. 9
164.7 ' 168. 3
161.9
r 180. 6
r 111. 7
r
r
' 182. 9
r 180.
2
161
160
191
189
194
163
152
172
177
140
174
159
146.0
147.9
148.5 ' 149. 3 ' 150. 7 ' 151. 9 152.6
145.1
147.0
145.2
140.1
140.3
140.7
140.7
141.7 ' 143. 4 '144.4
146.9
147.3
148.5
148.3
149.7 ' 149. 9 151.9
111.4
113.9
111.7
110.1
114.7 ' 112. 1 114.4
155.7
148.4
150.2
150.2 ' 153. 0 ' 154. 1
148. 5
147.7
figures and ind exes of c ash recei pts and ivolume o f market ings revi sed begi cming 1963; data
prior t o May 1965 appe ar in the Dept. o f Agricul ture pub lication, Farm IEicome Situation,
? Include 3 data for items n ot shown separately.
July 1966.
142.1
137.7
145.7
109.3
143.6
144.2
139.4
147.2
110.1
147.4
SURVEY OF CURRENT BUSINESS
S-4
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965 P
Annual
September 1966
1966
1965
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
June
May
Mar.
Apr.
139.0
130 7
186* 2
212 2
125 6
138.4 142.1 144.1
127.7 133.8 135.4
188.1 ' 190. 9 ' 192. 6
214.9 * 218. 5 220.8
127.7 127.4 ' 127. 7
185 7
127 7
125 7
1 3ft' 3
126 8
188.2
127.5
126.0
135 6
115 8
126.2
124.4
135 9
117 9
r
115.8 r 120. 8
85.3 116 9
117.2 ' 119. 2
117.2 r 121 3
140 0 !33 6
130.9 127 5
r
122. 0
120 7
119. 4
121. 4
134 2
133.3
168 8
174 2
168.6 r 170 1
173.6 r 175 5
r
Aug.p
144. 5
136.3
195.6
127. 1
125.5
135 4
122 7
120 2
117* 7
116.7
117 0
134 5
137 1
July
146
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION— Continued
Federal Reserve Index of Quantity Output— Con.
Seasonally adjusted indexes— Continued
By industry groupings— Continued
Nondurable manufactures— Continued
Printing and publishing
1957-59=100__
Newspapers _ _
do
Chemicals a n d products. _ _ _ _ _ _ d o
Industrial chemicals
do
Petroleum products
__do
123.3
117 0
159.6
178.4
121.0
130.3
124 2
173 3
196 1
123 4
131.3
126 2
172 8
194 9
124 5
133.0
129 7
174 2
195 7
125 8
129.3
120 1
176 6
199 9
125 1
131.1
125 1
177 1
200 9
124 0
do
.do
do
do
do
156.3
120 8
120.1
124 4
120 8
172 2
123 3
122 4
128 4
120 5
170 2
123 1
122 6
125 9
119 9
168 1
122 4
121 9
125 0
120 7
171 °
123 2
1°1 8
131 0
175 5
123 6
122 1
131 8
114 5
do
do
,_do
do _
do
_ _ do
111.3
107 1
110.4
109.9
117 4
118.7
114 4
111 8
112.3
111 8
122 6
126 5
116 0
117 1
113.0
112 1
126 4
127 3
117 0
115 2
114.2
113 4
130 2
129 1
112 6
106 7
110.6
108 5
122 4
127 4
115 8
116 8
114.0
114 0
116 5
125 5
do
do
do_ __
151 3
153.9
143.4
161 0
165 5
147 0
161 2
165 8
146 8
161 6
166 2
147 2
165 3
170 9
147 7
165 8
171 3
148 5
•ICE q
do
do
do _
131 8
131 7
142.8
142 4
140 2
159 9
141 7
139 3
158 1
142 3
139 5
158 1
143 3
140 7
158 5
145 7
141 7
161 7
Automotive products
do
Autos__
_ _ do
Auto parts and allied products___do
Home goods 9
do
Appliances, TV, and radios
do
Furniture and rugs
__ do_
145.1
150.6
138.0
141 1
137.1
142.4
167.1
182 6
146.8
154 7
152.4
154 2
167.8
184 6
145.8
151 2
146.5
154 0
169.8
184 3
150 7
149 8
145 2
152 3
166.5
178 1
151 2
149 1
152 0
153' o
168.6
181 1
152 0
156 9
154.0
154 9
Apparel an d st aples
do
Apparel, incl. knit goods and shoes. _ do
Consumer staples
do
Processed foods
do
128.1
124.2
129.3
119.9
134 0
1313
133.9
122 2
133 7
132.2
134.1
122 4
133 6
131 9
134.1
121 6
135 0
134 0
135.3
121 6
135 4
135 1
135.4
122 2
136 5
136.4
do
do
do
do
123.2
146.9
123.7
142.3
125.7
157.0
127 1
149.8
123.9
157.0
128 0
151.2
123.6
160.1
128 0
150.6
127.5
161 3
126 1
154.2
126.0
159.2
126 3
156. 0
Equipment, including defense 9
do
Business equipment
do
Industrial equipment
do
C ommercial equipment
__do
Freight and passenger equipment.. do
Farm equipment ._
_
___do
132.0
139 1
137.0
145.3
141.0
133.1
146 9
156 6
153.1
164 4
162.4
148.1
147 0
156 4
155. 1
165 2
155.0
145.3
148 4
157 8
153.8
165 2
157 1
149 0
159 0
155 3
166 4
164.2
155 4
Rubber and plastics products
Foods and beverages _ _ _ .
Food manufactures.
Beverages
Tobacco products
Mining
Coal
Crude oil and natural gas
Crude oil
Metal mining
Stone and earth minerals. __
Utilities
Electric _ _ _
Gas
__ _
;
_
By market groupings:
Final products, total
Consumer goods _
Automotive and home goods. _
Beverages and tobacco
Drugs, soap, and toiletries
Newspapers, magazines, books
Consumer fuel and lighting
me
ion* a
133.2
m o^
1 78
202 9
126 1
181 6
ft
•IOC
•loq e
•100 n
1 1ft Q
116 0
n K 7
113.8
114 5
o
m
iqq
o
134.2
129 5
180 6
206 3
127 8
181 3
125 3
123 6
134 3
117 i
117 9
118 5
114.5
116 0
120 6
138 2
135.7
i°.n 9
m
ofifi
n
q
10(1 e
184 6
19R n
194 fi
1 in o
117 2
m
A
113.4
114 1
iqq A
iqe c
138.2
m3
1R4
A
209 4
125 5
183 3
1 97 n
125 5
iqc i
19fi 7
117 "
o
m
115.0
115 1
iqn o
135 6
128 8
126.6
T
r
122 4
121
119
121
174 0
174 5
152 4
146 0
167 6
152 8 r 153 7 r 155 2 r 156 1
146.2 r 146 1 r 147 i r 147 2
168.4 r 165 9 r 166 1 161 6
156 9
147 4
161
149
142
!71 6
177 2
1 70 e
14.0 n
165 7
170 9
149 3
IfiA Q
IfiQ 7
14.7 A.
149 ft
ipo n
148 8
144 i
166 7
14Q 1
14.4 1
166 9
168.8
169.4
182 4
152.4
164 8
161.3
161 0
168.5
180 3
153 1
ice 7
167.6
177 8
154 3
165 0
163 3
162 7
164 0
171.6
183 8
155 5
164 1
155.7
165 5
137 0
138.5
136.5
123 1
136 8
136 4
136.9
123 7
138 7
138 0
138.9
124 6
139 3
138 9
139. 4
125 2
168.8 «• 160. 7 ' 162. 3 153.9
180.6 r 166 0 167 8 r 151 5
153.3 r!53 6 r 155. 2 157.2
168 2 169 5 168 8 167 o
167.5 166.2 165.5 164.1
166.3 169 1 170 1
165 5
139 1 r!39 4 141 0
140.3 r 139 i 141.6
138.7 139.5 ' 140. 8 142.7
125 1 123 9 125 2 127 0
128 2
161 2
127 6
155 2
128 5
162 7
129 6
153.9
128 6
164 0
132 0
151.9
132.3
166 0
134 0
155.8
134.4
165.9
136 5
154.6
128.9
167.3
135 7
154.1
129.8
171 6
137 6
156.0
154 3
164 3
159.4
169 7
178.7
155 7
157 3
158 8
168 9
162 4
174 5
164 1
173 2
166 1
178 6
198. 9
158 0
166 2
175 4
167.4
184 2
198.9
163.0
166 9
175 9
167.3
186 4
201.3
157.6
r 170 1
T 1 78 fi
163 9
161 3
170 5
162 6
177 5
194.9
161 2
1R9 *»
150 8
1 CQ n
155 2
157 4
iqfi A
100 1
1fi7 9
162 0
172 7
180.4
165 8
mo
1ftft Q
174 7
m
A
145 5
166 8
Ififi 9
11
131.1
173. 0
139 0
157.4
132 8
131. 2
145.8
134 4
124.5
144 1
144 2
166 8
151 9
133 8
146 4
148 4
171.8
153 3
132 7
146 1
147 3
167 9
154 7
134 6
143 7
142 8
165 4
154 2
134 5
144 3
142 2
167 0
158 4
135 3
-IAK R
143 0
168 2
ififi n
137 2
148 7
146 7
168 3
163 2
138 8
150 4
150 1
170 0
165 8
142 9
152 0
152 0
173 6
170 0
143 6
154 3
155 6
169 1
171 9
146 3
154 6
156 9
169 0
173 6
144 9
Nondurable materials 9
Business supplies
Containers
General business supplies
_ do. _
do
do
do
134.3
127.4
127.9
127.1
144 0
136.5
136 6
136.5
145 0
137.6
136 1
138.3
144 8
135.1
132 1
136.6
144 5
135.9
134 4
136.7
146 4
136.8
136 6
136.9
148 1
140.3
144 9
138.0
150 7
143.4
146 9
14L7
150 6
143.4
142 3
144.0
152 0
144.5
144 6
144.4
153 1
146.0
145 9
146.1
152 3 •I eo A
146.0 r 147 g
143 9 r 14.fi 1
147.1 r 148 6
122.6
112.2
149.6
127.6
115 2
159.2
128.9
117 0
158.8
129.2
117 2
160.1
126.3
112 1
161.5
129.7
117 9
160.9
129.9
117 8
161.7
131.7
119 5
163.8
130.6
117 4
164.9
131.7
118 0
166.9
134.0
120 5
168.7
130.9 ' 136. 8 ' 138. 0
115 1
r ^25 o
170.3 r 170 8 171.7
84 669
84 744
41, 452 40 518 40 173 40 548 41 403 42 622 42 665
21, 820 21 191 20 924 21 146 21 606 22 316 22 307
19, 632 19, 327 19 249 19 402 19 797 20 306 20 358
23 668 23 585 23 753 24 194 24 647 24 816 25 023
7 827 7 755 7 768 7 865 8 092 8 252 8 324
15 841 15 830 15 985 16 329 16 555 16 564 16 699
42 702
22 433
20 269
r 158 2
r
149. 5
144 0
r
152. 3
143
174.6
139 0
r 172 6 T 175 i
r 181 4
183 8
168 5 173.0 175.8
190 1 r 191 0 190 7
204 9 205. 7 208.9
r 164 7
168 2
1 EC C
r 158 1 r 158 9
r -i cc 9
r 158 o r 158 5
r 166 0
165 2 157 5
r 1 77 1
179 1 183 4
r 1 4O 4 r 142 3
140 8
do
-do
do _
do
_ do
_do
do
do
126.3
122. 3
120 8
119.3
r
120. 9
137 8
133 6
r
r
r
Materials
._
Durable goods materials 9 ._
Consumer durable
Equipment
Construction
Business fuel and power 9
Mineral fuels
Nonresidential utilities
r
177 2
186
160 0
160
r 159 3
150.0
144 4
152^8
160
138.5
138
124
r 194, 7
BUSINESS SALES AND INVENTORIES §
Mfg. and trade sales (seas, adj.), totalft
Manufacturing , total
Durable goods industries
Nondurable goods industries
Retail trade, totalt ..
Durable goods stores
Nondurable goods stores
mil. $_.
do
_ _ do
do
_
Merchant wholesalers, totalt
—
Durable goods establishments
Nondurable goods establishments
1445,552 1483,343
230, 775 252, 242
214, 777 231, 101
do
1 261, 630
_ do
84, 173
_ _ do _ 177, 457
283, 950
93, 718
190, 232
___do
do
_ _ _ do
Mfg. and trade inventories, book value, end of year
or month (seas. adj.),totalj
mil. $~
Manufacturing, total
do
62, 944 68, 015 65, 394 65, 788 66, 267
Durable goods industries
do
38, 412 42,324 40, 600 40, 814 41, 300
Nondurable goods industries
do. __ 24, 532
25, 691 24, 794 24, 974 24 967
31, 130 33, 957 33, 088 33, 360 33, 045
Retail trade, totalf--- _
__do_ _
Durable goods stores
do___
13, 136 14, 782 14, 592 14, 819 14, 621
Nondurable goods stores
do
17, 994 19, 175 18, 496 18, 541 18, 424
Merchant wholesalers, totalt
do
Durable goods establishments
do
Nondurable goods establishments
do
r
Revised.
? Preliminary.
i Based on unadjusted data.
9 Includes data for items not shown separately.
§ The term "business" here includes only manufacturing and trade; business inventories
as shown on p. S-l cover data for all types of producers, both farm and nonfarm. Unadjusted data for manufacturing are shown on p. S-5; those for retail trade on p. S-ll.
25 263
8 399
16 864
16 981 16 779
7 563 7 538
9 418 9 241
991 85, 455 r85 426
121 43 540 44 ft71
238 22 708 99 Q1 f\
883 20 832 91 i cc
25 536 24 949 94 47 *\
8 649 7 939 7 K(\C
16 887 17,010 Ifi QfiQ
86
44
23
20
17 334
7 887
9 447
r
86 955
125 44 404
898 23 014
21 227 21 390
r
25 394 25 491
8 056 8* 129
!7 338 17 362
r
r
16, 966 r!6 880 r!7 436
7,718
7 601 r 7 635
9,248
9 279 r 9 800
120 938 122 047 123 085 124,091
86 901
r
44
r
22
r
r
17 006
7 693
9 313
!26 854 127 799
68 594 69 040 69 648 70, 346 71 103 rr71 949 72 930
42 589 42 884 43 273 43,779 44 275 r 45 003 45 802
26 005 26 156 26 375 26, 567 26 828 26 946 27 128
34 113 34 427 34 556 34, 737 qe 9fic 35 595 35 479
14 949 15* 113 15 201 15, 336 15 813 15 927 15 742
19, 164 19, 314 19, 355 19,401 19, 453 19, 668 19, 737
18 231 18 580 18 881 19. 008 19 149 r!9 310 19 390
lo' 571 10 809 10 995 11 209 n 9qo r 1 1 31 8 U 384
7,800
7, 660 7*771 7,886
7.910 ' 7. 992 8.006
fSee corresponding note on p. S-ll.
JRevised series. The panel of reporters in the Census Bureau wholesale sample has been
updated to reflect information from the 1963 Census of Wholesale Trade; comparable data
prior to Jan. 1966'are not presently available.
66 642 67 192 68,015
41 523 41, 869 42, 324
25 119 25 323 25 691
33, 296 33 533 33 957
14, 782 14 774 14, 782
18, 514 18, 759 19, 175
19*. *i1ft
SURVEY OF CURRENT BUSINESS
September 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
Annual
S-5
1966
1965
July
Aug.
Sept. Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES— Con.
Inventory-sales ratios:
Manufacturing and trade, totalt 1
ratio
Manufacturing, total
Durable goods industries
Materials and supplies
Work in process .
Finished goods
Nondurable goods industriesMaterials and supplies .
Work in process
Finished goods
do
do
do
do
do
do
do
_ _ __ do
do
Retail trade, totalt
Durable goods stores
Nondurable goods stores _
do
do
__do _ _
Merchant wholesalers, totalt
do
Durable goods establishments...
do _ _
Nondurable goods establishments
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sales:
Durable goods industries (unadj.), total. __mil. $__
Shipments (not seas, adj.), total
Durable goods industries, total 9
Stone, clay, and glass products
Primary metals
Blast furnaces, steel mills
_
Fabricated metal products
Machinery, except electrical _
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments and related products
1 43
1 61
1 91
1
57
79
59
' 80
K4
CO
1 ^1
53
19
62
1 9Q
1 40
1 86
1 18
1 38
9 001
do _ _ 445 552
50
19
60
1 84
1 16
9 941
400 040
1.41
1.45
1.47
1.46
1.47
1 62
1 93
60
82
1 65
1 97
61
83
1 64
1 96
61
83
53
1 62
1 94
60
82
52
1 60
1 90
58
81
51
1 61
1 91
58
82
51
1 62
1 91
58
82
51
1 58
1 86
56
81
49
1.62
1 93
58
84
51
1 61
1 93
58
84
51
'1.63
1 97
59
86
52
1.64
1 99
59
88
52
1 26
49
18
1 29
50
19
60
1 30
51
19
60
1 29
50
20
59
1 28
50
19
59
1 28
49
19
59
1 29
50
19
60
1 26
49
19
59
1 28
49
19
59
1 27
49
19
59
1 27
50
19
' 58
1 27
49
19
59
1 40
1 86
1 17
1 41
1 91
1 17
1 39
l'gg
1 15
1 38
1 88
1 13
1 36
1 83
1 13
1 27
49
19
58
i 07
1 79
1 16
1 36
1 80
1 15
1 36
1 80
1 15
1 35
1 76
1 15
1 39
1 93
1 14
1 44
2 11
1 15
1 40
1 98
1 13
1 39
1 94
1 14
1.11
1.43
.84
1.09
1.39
.83
1.12
1 45
.84
1.13
1.48
.85
'1. 11
'1.48
'.82
1.14
1 48
.86
984
en
CO
747
805
870
856
884
1 006
855
882
983
934
956
836
39 443
41 198
42 185
41 642
40 766
39 982
43 570
45 218
44 918
44 287 '46 244
40 486
1Q f^fi4
19 813 20 778
1 046 1 046
3 590
3 266
2 076
1 675
9 122
2 089
91 74ft
21 738
993
3 266
1 612
2 101
91
934
3 188
1 546
9 014
20 751
856
3 379
1 713
1 908
22 878
885
3 773
1 919
2 110
23 996
976
3 955
2 076
2 203
23 869
1 028
4 074
2 178
2 187
23 574 r24 652
1 020 r 1 H4
3 996 r 4 066
2 108 r 2 104
2 206 r 2 332
9fl 509
1 050
3' 215
1 595
2 088
3 048
3*063
6 057
4 178
' 728
2 970
3 087
6 293
4 326
' 729
3 124
3 117
6 342
4 180
773
2 952
2 854
5 981
4 034
678
3 312
3 193
6 485
4 270
742
3 526
3 332
6 655
4 431
809
3 506
3 218
6*496
4*280
794
230
11
38
21
23
775
525
832
236
549
OKO 949
11 753
4l' 910
22 916
24 292
1 022
3' 273
1 847
_ do
_do
do
do __
_ _ do
33
30
59
38
7
696
207
628
450
523
36 490
33 593
68 039
45 412
8*347
2 857
2 539
5 069
3' 366
650
1
nnK
2 814
2 746
4 355
2 570
'675
3 063
3 002
5 035
3 071
742
231 101 18 280 19 630 20 420
go' 678
6 780 7 215
6 545
425
4' 864
*415
'407
19 318
1 368 1 686 1 725
19 385
1 503 1 658 1 706
3' 133
36 030
2 823
2 944
19' 178
1 624 1 637 1 628
948
983
ll' 653
' 883
fi^Q
3 440
3 181
6 415
4 118
790
'3 641
'3 396
r 6 610
r 4 277
'861
121 300
993
3 515 i 3, 800
1 881
2 0^1
3 074
3 032
4 920 !4 300
2 763
747
20 437 19 904 19 107 19 231 20 692 21 222 21 049 20 713 '21 592 19 894
7 259
7 245 '7 508 7 090
7 234
7 177
7 154 7*018
6 832 6* 861
427
430
'465
410
*410
430
405
398
400
387
1 685 1, 662 ' 1, 789 1 460
1 751 1 721 1 580 1 495 1 672 1,754
1 784 r i 929
1 705
1 718 1* 675
1 770
1 649 1 632 1 743 1 810
3 404
3 365 '3 401 2 997
3 145
3 070 2* 958
°*998
3 498
2 797
r
l' 650 1 613 1 625 1 622 1 668 1 597 1 722 1 685 1 748 1 713
1 061 1,113
1 124 1 094 1,127
962
1*032
985
986
995
do _ _ _
41 452
40 518
42 665
42,702
44, 121
43 540
44, 071 '44, 125
44,404
do
do_ _
do_ _ do__
do __
21, 820
969
3,782
2 170
2*036
21, 191 20, 924 21, 146 21, 606 22, 316 22, 307
953
1,013
947
1 140 1 092
926
3,204 3,335 3,470 3,499
3 708 3,237
1,652
1 608 1 681 1 730 1 741
2 105
2 130
1 968 1 995 1 963 2 139
2 166
22,433
1,042
3, 643
1,843
2 202
23, 238
1,078
3,726
1,930
2,288
22, 708
995
3,803
2 006
2 148
22, 915
932
3,798
2,012
2 129
23, 014 122,700
942
4,053 13,900
2,210
2,157
3,179
3,120
6 049
3 955
740
3,285
3,266
6,243
4,096
803
3 226
3,284
5 939
3 844
800
3,254
3,313
6 176
3,895
801
20 269 20, 883
7,257
7,114
450
433
1 624 1,729
1,763
1,710
3,326
3,127
1,640
1,638
1 051 1,081
20 832
7,255
411
1 670
1,740
3,260
1,756
1 079
21,156
7,340
416
1,723
1,790
3,214
1,734
1 082
'21, 227
' 7, 334
'435
' 1, 704
' 1, 839
' 3, 260
'1,734
' 1, 050
21, 390
7,335
414
1,718
1,881
3,258
1,738
1,071
4 204
9 193
5 626
4 327
3 203
17 518
' 4, 189
' 9. 195
r 5 605
' 4, 373
r 3 250
'17, 513
4,217
9,269
5 805
3,823
3 196
18,094
Machinery, except electrical
Electrical machinery
'
Transportation equipment
Motor vehicles and parts —
Instruments and related products
do
do
do
do __
do
3 119
2 894
5 g7o
4 004
' 728
Nondurable goods industries, total 9--- -do
Food and kindred products
do _.
Tobacco products
do
Textile mill products
do
Paper and allied products
__ do___
Chemicals and allied products
do_ _
Petroleum and coal products.
_ do _
Rubber and plastics products _
do
By market category:
Home goods and apparel
Consumer staples Equipment and defense prod excl auto
Automotive equipment
Construction materials and supplies
Other materials and supplies
Supplementary market categories:
Consumer durables
Defense products
Machinery and equipment
Inventories, end of year or month:
Book value (unadjusted) total
Durable goods industries total
Nondurable goods industries total
By industry group:
Durable goods industries total 9
Primary metals
Blast furnaces steel mills
Fabricated metal products
2 990
2 800
5 gQ3
3 932
703
19 632 19 327
6,843
6,777
400
387
1 603 1 619
1,616
1,656
3 063 2,957
1,648
1,615
980
968
-
40 173
3 081
2,796
5 863
3 905
694
40 548
3 127
2,906
5 973
4 037
707
41 403
3 150
2 962
5 907
3 981
710
42 622
3 242
3 073
6 075
3 993
713
3 257
3 145
5 962
3 824
764
19 249 19 402 19 797 20 306 20 358
6,821 6,845 7,001
7,131 7,157
415
405
427
394
410
1 581 1 609 1 673 1 703 1 659
1,631
1,656
1,691
1,762
1,717
2,942 2,982 3,067
3,133 3,143
1,614
1,639
1,594
1,619
1 605
958
951
1 012 1 064 1 055
do
do
do
do
do •
do
2 41
2 94
2 tit\
2 43
2 35
2
174
750 2 44 909
397 2 101 305
181=; 2 fifl ^ftft
344 2 50 403
g7g 2 37' 543
998 2 188 883
3 788
8 582
5 093
4 408
3 169
16 412
3 700
8 554
5 001
4 347
3 058
15 g5g
3 715
8 549
5 125
4 323
3 080
15 381
3 735
8,615
5 172
4,452
3 066
15, 508
3 861
8 812
5 175
4 418
3 252
15 885
4 067
8*955
5 385
4* 448
3* 409
16 358
4 005
8 979
5 484
4 298
3 427
16 472
3 956
8 961
5 314
4 410
3 361
16,700
4,140
9,140
5 529
4,573
3,488
17, 251
4 080
9 092
5 453
4 275
3 340
17 300
do
do
do
2 17 902 2 19 283
2 25 953 2 27 965
2 42 331 2 47 115
1 644
2 324
4 070
1 564
2 341
3 878
1 567
2 422
3 980
1,618
2 402
4,035
1 674
2 3g5
4 087
1 770
2 530
4 188
1 698
2 604
4 272
1 711
2 577
4 192
1,817
2,637
4,376
1 785
2 638
4 301
do
do
do
'22, 898
'979
' 3, 840
' 2, 012
' 2, 144
'
'
'
'
3, 321
3, 230
6, 114
3, 908
'813
3,360
3,459
5,735 15,800
3,374
838
1,790
1 754 ' 1, 735
2 832 ' 2, 730 2,893
4 353 ' 4, 375 4,549
62 642
38 001
24 641
67 620
4l' 831
25 7gg
65 088
40 410
24 Q7 g
65 481
40 704
24 777
65 869
41 096
24 773
66, 218
4], 212
25, 006
66 777
41 407
25 370
67 620
41 831
25 789
68 651
42 463
26 188
69,441
43,070
26371
70 049
43 594
26 455
70 755
44 219
26 536
QAA
co m K
65 394
O.K 700
66 267
66 642
67 192
68 015
fift KQ4
69 040
69 648
42 324 40 600 40 814 41 300
l' 626 1 600 1 618 1 614
g' 349
6 224
6 163 6 142
3*633
3 631 3 576
3 678
4,611 4 685
4,766
4 856
41 523
1 640
6 275
3,669
4,772
42 324
1 626
6 349
3,678
4,856
49 5g9
1 638
6 438
3 760
4 828
42 gg4 43 273
1 643 1 652
6 486
6 553
3,813
3 786
4,779
4,829
70 346 71 103 '71 949 72 930
43 779 44 275 '45 003 45, 802
1,700
1 662 1 688 r I 697
6 594
6 700 '6 770 6,808
3,887 ' 3, 917 3,919
3 817
4,754
4,758 ' 4, 782 4,821
8 508
6 093
8 930
3 318
8 521
6 177
8 984
3 263
& f)
do
qo 419
do
do
do
1 587
6 111
3 707
4 251
Machinery except electrical
do
7 558
Transportation equipment
M^otor vehicles and parts
do
do
Tnsf.rnmaTTfQ anr? r/slafar'l r\r/-ir!n/vf a
Ar\
7 908
3 013
i «in
c *3QQ
8 508
6
AQO
8 930
3 318
1 7QQ
7 988
5 gio
8 653
3 527
1
fiS3
'Revised.
i Advance estimate.
2 Based on data not seasonally adjusted.
tSee corresponding note on p. S-ll.
KO
37 844
do
do
do _
_ _ _do_
do
Nondurable goods industries, total 9 do
214 777
Food and kindred products
do _
75 883
Tobacco products
_ _ _ do
4 693
Textile mill products— _. . _ _ d o _ _ 17 808
Paper and allied products
do
17 116
Chemicals and allied products
do _
33 578
Petroleum and coal products
do
18 187
Rubber and plastics products .. _ __ _do__
10 212
Shipments (seas, adj.), total
By industry group:
Durable goods industries, total 9
Stone, clay, and glass products
Primary metals
.
Blast furnaces, steel mills
Fabricated metal products
Q1
1.44
1 58
1 86
58
78
1.07
1 40
.81
1 64
8 142
5 873
8 600
3 370
1 flGfi
8 298
5 907
8 707
3 430
1 711
8,364
5 947
8 706
3 412
T
714
41 869
1 634
6 261
3 658
4 816
8
5
8
3
i
453
993
860
366
7sn
1 788
1
Cftfl
8 575
6 210
9 047
3 276
i's99
8,610
6 334
9 186
3 226
1 851
8 658
6 408
9 481
3 274
1 882
9 Includes data for items not shown separately.
JSee corresponding note on p. S-4.
71 668 '72, 380
44 910 '45, 444
26 758 '26,936
8 756
6 552
9 483
3 314
1 Q39
' 8, 958
' 6 688
' 9, 634
' 3, 233
r 1 Q87
72, 659
45, 646
27, 013
9,116
6,843
9,990
3, 401
2.024
SURVEY OF CURRENT BUSINESS
S-6
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
| 1965
Annual
September 1966
1966
1965
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
'13, 507
r 2, 486
r 4, 266
July
Aug.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Inventories, end of year or month— Continued
Book value (seasonally adjusted)— Continued
By industry group— Continued
Durable goods industries— Continued
By stage of fabrication:
Materials and supplies 9
mil. $
••Primary metals
do
Machinery (elec. and nonelec.)___do
Transportation equipment
do
Work in process 9
do
Primary metals
do _
Machinery (elec. and nonelec.)___do
Transportation equipment
do
Finished goods 9
_ _ . ._ do
Primary metals
-do
Machinery (elec. and nonelec.)___do
Transportation equipment- __
do
11, 688
2,248
3, 263
2,216
15,933
2,024
5,763
4,695
10, 791
1,839
3,920
997
12,943
2,388
3,816
2,278
18, 109
2,130
6,699
5,465
11, 272
1,831
4,086
1,187
12, 664
2,310
3,609
2,420
17, 053
2,051
6,242
5,155
10, 883
1,802
3,947
1,078
12, 672
2,316
3,702
2,232
17, 283
2,058
6,351
5,284
10, 859
1,768
3,962
1,084
12, 812
2,302
3,747
2,317
17, 380
2,066
6,415
5,277
11, 108
1,856
4,043
1,113
12,886
2,302
3,808
2, 348
17, 502
2,114
6,491
5,228
11, 135
1, 859
4,012
1,130
12, 914
2,336
3,825
2,300
17, 763
2,097
6,577
5,408
11, 192
1,828
4,044
1,152
12,943
2,388
3,816
2,278
18, 109
2,130
6,699
5,465
11,272
1,831
4,086
1,187
12, 951
2,423
3,862
2,250
18, 285
2,179
6,744
5,537
11, 353
1,836
4,092
1,197
13,004
2,428
3,901
2,261
18,468
2,224
6,777
5,589
11,412
1,834
4,107
1,197
12, 988
2,445
3,963
2,188
18, 807
2,255
6, 843
5,802
11,478
1,853
4,138
1, 196
13, 146
2,490
4,019
2,195
19, 141
2,244
6,904
6,078
11, 492
1,860
4,143
1,208
13,298
2,489
4, 120
2,226
19, 302
2,337
6,977
6,003
11, 675
1,874
4,211
1,254
24, 532
6,030
2,359
2,837
1,885
4,003
1,745
1,176
25, 691
6,034
2,371
3,130
1,965
4,335
1,756
1,279
24, 794
6,073
2,281
2,952
1,900
4,203
1,746
1,244
24, 974
6,000
2,286
3,003
1,916
4,240
1,727
1,258
24, 967
5,881
2,286
3,038
1,922
4,258
1,696
1,262
25, 119
5,861
2,328
3,119
1,919
4,285
1,718
1,273
25, 323
5,993
2,268
3,085
1,934
4,350
1,737
1,306
25, 691
6,034
2,371
3,130
1,965
4,335
1,756
1,279
26,005
6,243
2,334
3,119
1,970
4,409
1,787
1,296
26,156
6,230
2,338
3,169
1,981
4,460
1,816
1,293
26, 375
6,357
2,394
3,174
1,985
4,460
1,809
1,295
26, 567
6, 480
2,395
3,173
1,997
4,504
1,802
1,299
26,828 ••26, 946
6,515 r 6, 503
2,394 ' 2, 383
3, 156 r 3, 248
2,028 ' 2, 068
4,632 ' 4, 664
1,795 ' 1, 776
1,309 r 1, 323
27, 128
6,508
2,366
3,281
2,129
4,741
1,802
1,335
9,619
3, 522
11, 391
9,964
3,862
11,865
9,537
3,591
11, 666
9,645
3,662
11, 667
9,766
3,702
11, 499
9,769
3,825
11, 525
9,827
3,823
11, 673
9,964
3,862
11, 865
10, 028
3,876
12, 101
10,072
3,877
12,207
10, 153
3,893
12, 329
10, 309
3,913
12, 345
10, 439 10, 562
3,991 r 4, 044
12, 398 ••12, 340
10, 483
4, 051
12, 594
6,499
9,660
13, 241
3,683
5,629
24, 232
7,021
9,844
14,835
4,032
6,054
26, 229
6,685
9,737
13,858
4,215
5,821
25, 078
6,815
9,675
14, 046
4,068
5,852
25, 332
6,863
9,566
14, 286
4,124
5,908
25, 520
6,866
9,630
14,376
4,102
5,983
25,685
6,890
9,708
14, 650
4,092
6,011
25, 841
7,021
9,844
14, 835
4,032
6,054
26, 229
7,167
10, 039
14, 966
3, 992
6,017
26, 413
7,247
10,036
15,054
4,003
6,071
26,629
7,329
10, 251
15, 266
3,941
6,072
26, 789
7,403
10, 380
15, 557
3,992
6,090
26, 924
7,521 ' 7, 573
10,466 ••10, 485
15, 655 ••16, 034
4,028 r 3, 952
6,124 r 6, 192
27, 309 '27, 713
7,601
10, 481
16, 342
4.118
^204
28, 184
do
do
do
3,056
5,625
9,431
3,287
6,388
10,701
3,249
5,968
10, 006
3,250
6,030
10,216
3,221
6,044
10, 432
3,233
6,091
10,492
3,254
6,270
10, 591
3,287
6,388
10, 701
3,384
6,519
10, 735
3,423
6,581
10,815
3,475
6,824
10, 848
3,508
7,079
10, 939
3,627 r 3, 721
3,749
7,099 ' 7, 304 7,499
11, 063 11,339 11, 551
New orders, net (not seas, adj.), total
Durable goods industries, total
Nondurable goods industries total
do
do
do
452, 368
237, 631
214, 737
492, 272
260, 732
231, 540
38, 713
20, 404
18, 309
39, 964
20, 348
19, 616
42, 259
21, 818
20, 441
43. 104
22. 648
20. 456
42, 094
22, 109
19, 985
41,531
22, 448
19, 083
42, 379
23, 052
19, 327
45,434
24,578
20,856
47, 398
26, 099
21, 299
46,401
25, 238
21, 163
44, 748 '47, 664
23, 969 '26, 120
20, 779 '21, 544
42, 238
22, 329
19, 909
New orders, net (seas, adj.), total
By industry group:
Durable goods industries, total 9
Primary metals
Blast furnaces, steel mills
Fabricated metal products _
Machinery, except electrical
Electrical machinery
Transportation equipment
Aircraft and parts
do
2452,368 2492, 272
41, 846
40, 926
41, 483
41,843
42, 234
43,868
43, 986
44,129
45,833
45, 064
45, 321 '45, 833
45, 562
237, 631
41, 308
23, 303
24, 222
34, 929
31, 212
61, 174
17, 514
260,732
41, 017
21,378
24,914
38,434
35, 292
72, 973
22,044
22, 195
3,493
1,851
2,058
3,140
3,099
6,363
1,646
21, 509
3,119
1,465
1,974
3,318
3,000
6,141
1,956
22, 163
2,908
1,276
2,013
3,315
2,995
6,853
2,462
22,425
3,148
1,451
2,050
3,349
2,983
6,920
2,466
22, 389
3,392
1,635
2,213
3,396
3,201
5,972
1,608
23,403
3,684
1,854
2,335
3,532
3,211
6,165
1,724
23, 578
3,603
1,776
2,177
3,427
3,462
6,526
2,268
23,741
3,994
2,141
2,247
3,317
3,332
6,574
2,092
24, 888
4,057
2,104
2,411
3,529
3,489
6,873
2,395
24, 197
3,905
2,037
2,206
3,538
3, 612
6,561
2,099
24, 276 '24, 593
4,305 ' 4, 109
2,331 ' 2, 173
2,237 ' 2, 163
3,553 ' 3, 609
3,466 ' 3, 487
6,488 ' 6, 902
1,942 ' 2, 569
24, 179
4,091
2,281
2,179
3,404
3,690
6,584
2,274
do
214,737
do
57, 318
do_.__ 157,419
231, 540
63,458
168, 082
19, 651
5,444
14, 207
19, 417
5,347
14, 070
19, 320
5,267
14, 053
19,418
5,307
14, 111
19, 845
5,454
14, 391
20,465
5,717
14, 748
20, 408
5,580
14,828
20,388
5,604
14,784
20, 945
5,745
15, 200
20, 867
5,650
15, 217
21, 045 '21, 240
5,692 '5,834
15, 353 15, 406
21, 383
5,985
15, 398
do
do
do
do
do
do
41, 740
94, 388
57, 765
43, 643
36, 325
178, 507
45, 057
101, 315
65, 081
51, 053
38, 058
191,708
3,725
8,583
5,466
4,524
3,155
16,393
3,784
8,558
5,543
4,294
3,040
15, 707
3,780
8,550
5,756
4,504
3,118
15, 775
3,778
8,604
5.689
4,516
3,129
16, 127
3,868
8,806
5.485
4,413
3,296
16, 366
4,145
8,955
5, 834
4,448
3,604
16, 882
4,119
8,981
6,112
4,298
3,452
17, 024
3,937
8,960
5,833
4,332
3,399
17,668
4,173
9,141
6,036
4,538
3,600
18, 345
4,051
9,092
6,295
4,343
3,426
17, 857
4,227 ' 4, 271
9,197 ' 9, 202
5, 937 ' 6, 378
4,516 ' 4, 418
3,227 ' 3, 219
18, 217 18, 345
4,164
9,276
6,401
3,872
3,170
18, 679
do
do
_do
17,920
27, 126
44, 471
19,449
32,534
49, 679
1,560
2,618
4,348
1,640
2,808
4,159
1,610
3,450
4,153
1,675
3,276
4,249
1,695
2,567
4,325
1,844
2,528
4,583
1,810
3,402
4,450
1,676
3,035
4,584
1,819
3,375
4,587
1,784
3,299
4,788
Unfilled orders, end of year or month (unadjusted),
total. _
mil $
Durable goods industries, total _ _
do
Nondur. goods indus. with unfilled orders ©.do
55, 962
53,042
2,920
64,896
61, 543
3,353
61, 178
57, 904
3,274
61, 697
58, 438
3,259
62, 758
59, 479
3,279
63, 676
60,379
3,297
64, 129
60, 752
3,377
64, 896
61, 543
3,353
67, 293
63, 844
3,449
69,156
65,543
3,613
71, 337
67, 646
3,691
72, 822
69, 018
3,804
Unfilled orders, end of year or month (seasonally
adjusted), total.
_ mil. $
By industry grOup:
Durable goods industries, total 9
do._ _.
Primary metals
_
do
Blast furnaces, steel mills
do
Fabricated metal products
do
Machinery, except electrical
do
Electrical machinery
do
Transportation equipment
__-do
Aircraft and parts
do
57,044
66, 068
60, 981
61, 391
62, 699
63, 993
64, 821
66, 068
67, 388
68,814
70, 527
72, 049
73, 297 '75, 009
76, 163
53, 958
6,559
4,311
4,811
8,302
8,103
21,090
15, 526
62,534
5,646
2,730
5,467
10,304
9,830
25, 993
19, 781
57, 830
6,348
3,825
5,115
8,984
8,978
23, 563
17, 252
58, 148
5,760
3,185
5,120
9,313
9,178
23, 901
17, 732
59, 385
5,431
2,809
5,137
9,547
9,376
24, 891
18, 631
60, 664
5,375
2,653
5,224
9,769
9,453
25, 838
19, 569
61, 445
5,432
2,606
5,298
10, 014
9,692
25, 903
19, 683
62, 534
5,646
2,730
5,467
10,304
9,830
25,993
19, 781
63, 803
5, 750
2,765
5,513
10, 475
10, 147
26, 557
20, 397
65,110
6,102
3,063
5,558
10,613
10,358
27,082
20,846
66, 762
6,434
3,238
5,681
10, 857
10, 581
27, 712
21, 566
68, 250
6,536
3,269
5,740
11, 169
10, 909
28, 333
22, 006
69, 609
7,042
3,588
5,847
11, 468
11, 061
28, 646
22, 110
'71, 308
' 7, 312
' 3, 749
' 5, 866
11, 757
11, 318
'29, 434
'22, 927
72, 470
7,350
3,820
5,887
11, 800
11, 548
30, 283
23, 340
Nondur. goods indust. with unfilled orders© .do
3,086
3,534
3,151
3,243
3,314
3,329
3,376
3,534
3,585
3,704
3,765
3,799
3,688
' 3, 701
3,693
1,975
29, 223
5,490
20, 356
2,124
34, 732
6,041
23, 171
1,861
32,097
5,720
21', 303
1,953
32, 587
5,701
21, 150
2,017
33, 401
5,739
21, 542
2,046
33,983
5,803
22, 161
2,048
34, 284
5,845
22, 644
2,124
34, 732
6,041
23, 171
2,241
35, 360
6,063
23, 724
2,219
35,803
6,099
24,693
2,254
36, 275
6,211
25, 787
2,225
37, 186
6,298
26, 340
1,420
20, 058
13, 367
1,601
24, 587
16, 000
1,328
22, 036
14, 700
1,406
22, 503
14, 982
1,449
23. 532
15, 152
1,504
24, 407
15,369
Nondurable goods industries, total 9 do
'
Food and kindred products
do
Tobacco products
do
Textile mill products
_
do
Paper and allied products
do____
Chemicals and allied products
do
Petroleum and coal products __
do
Rubber and plastics products __ _ _do_
By stage of fabrication:
Materials and supplies _ _
_ _ do _
Work in process
_do_ __
Finished goods
do
By market category:
Home goods and apparel
Consumer staples
- - - Equip, and defense prod., excl. auto
Automotive equipment
Construction materials and supplies
Other materials and supplies—
_
Supplementary market categories:
Consumer durables
Defense products
Machinery and equipment- _.
_ _
Nondurable goods industries total
Industries with unfilled orders©
Industries without unfilled orders^
By market category:
Home goods and apparel
Consumer staples
Equip, and defense prod., excl. auto
Automotive equipment
Construction materials and supplies
Other materials and supplies
Supplementary market categories:
Consumer durables
Defense products
Machinery and equipment
do
do
do
do
do
do _
-do
do
do
do
do
do
do
do
By market category:
Home goods, apparel, consumer staples... do
Equip, and defense prod., incl auto
do
Construction materials and supplies
do
Other materials and supplies
do
Supplementary market categories:
Consumer durables
.
do
Defense products ... _.
do
Machinery and equipment
do
r
2
Revised.
1 Advance estimate.
Data for total an d components (i ncl. mar ket
categories) are based on new orders not seasonally acijusted.
9 Includes data for items not shown separateb7.
© IIicludes t(jxtile mi LI produ cts,
leather and products, paper and allied products, anc printing and publishing inc lustries ; un-
1,812
2,907
4,845
13, 643
' 2, 466
4,398
r 2, 221
2,233
19, 693 20, 222
r 2, 394
2,446
r 1, 099
7,235
' 6, 149
6,487
••11, 803 11, 937
' 1, 890 1,896
r 4, 281
4,326
r 1, 264
1,270
' 1, 817 1,729
' 3, 685 3,427
' 4, 753 5,062
73, 279 '74, 705 76, 454
69, 410 '70, 883 72, 617
3,869 ' 3, 822 3,837
i 21, 900
i 23, 100
i 3, 700
i 5, 800
i 3, 000
4, 700
1
i 73, 200
i 72, 900
i 7, 200
i 30, 300
2,250 ' 2, 341 2,295
37, 687 '38, 503 39, 150
6,320 ' 6, 290 6,263
27, 040 '27, 875 28, 455
1,758
1,736 '1,819
27, 316 '28, 269 28, 804
17, 762 18, 142 18, 653
«f For these in(lustries ( food and
filled ()rders for other no ndurable , goods in dustries are zero,
kindnid produ cts, toba ceo prod ilets, app arel and related p roducts, petroleu m and co al products, <jhemical 3 and all ied prodiacts, and rubber and plas tics proclucts) sal es are co nsidered
equal to new orders.
1,526
24, 587
15,606
1,601
24, 587
16, 000
1,712
25, 383
16, 181
1,677
25,841
16,575
1,680
26, 578
16, 785
1,678
27, 239
17, 273
SURVEY OF CUREENT BUSINESS
September 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
Annual
S-7
1965
July
Aug.
Sept.
1966
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS INCORPORATIONS^
1
New incorporations (50 States and Dist. Col.):
Unadjusted
number__ 197, 724
Seasonally adjusted
do
203, 897
16, 794
16 369
16, 114
16 957
15, 962
17 138
15, 889
16 744
15, 130
17 418
18, 185
16, 999
19, 731
17 677
16 585
17 868
20, 156
17 305
17, 299
17 022
17, 036
16,603
17, 500
16, 641
15, 336
16, 688
13, 501
13 514
1,074
1,131
1 100
1 047
1,033
1,090
1,084
946
1 226
1 106
997
1,077
1, 017
1 226
2 388
2,254
6,241
1 392
1 299
2 513
2 097
6,250
1 355
82
205
157
514
116
114
208
176
533
100
124
205
172
479
120
110
212
145
490
90
103
201
477
97
119
210
156
492
113
130
209
171
601
115
121
206
154
509
116
108
210
121
459
100
212
157
511
97
94
186
144
492
101
thous. $__ 1,329,223 1,321,666 121, 485 135, 039 104, 976
82, 066
71, 722
97, 575 103, 175
95 536 103 471 110 141
96, 376 123, 575
69, 876
7 635
14 420
22, 539
20, 606
6 522
7 895
22, 741
24, 972
28, 793
13 174
8 021
13 877
23, 029
42, 216
16 032
8 595
24 306
18 163
35, 165
9 307
54.2
50.7
259
224
262
226
INDUSTRIAL AND COMMERCIAL
FAILURES cf
_
number-
Failures, total
Commercial service
Construction
Manufacturing and mining _ _
Retail trade
Wholesale trade
Liabilities (current), total
do
do
do _
__ do
do
Commercial service
Construction
Manufacturing and mining. _
Retail trade
Wholesale trade
do
do
do _
do
do
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns. _
182 527
262, 392
361, 864
281, 948
240 492
!53.2
248 523
290 980
350 324
287, 478
144 361
1
53.3
4 891
53 372
31, 145
21, 352
10 725
47 127
24 080
30, 097
19, 704
14 031
23 039
19 007
24, 880
27, 463
10 587
10 381
19 139
17 862
27, 876
6 808
52.8
56.9
59.7
51.5
155*
51.4
101
203
160
515
105
103
167
139
430
107
99 '
005
630
928
749
159
20 761
35 024
22, Oil
22, 444
9 901
26 400
23 832
20, 164
17, 054
8 926
27, 123
20, 736
28, 330
32, 528
14 858
4 459
18 233
19, 230
18, 757
9 197
44 1
50.2
47.4
45.8
49.4
52.3
265
236
263
239
264
241
11
16
29
29
16
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS
Prices received, all farm products:}:
1910-14=100__
Crops9
do
Commercial vegetables
do
Cotton
_ __ _ _
_ _ _
do
Feed grains and hay
do_ _
Food grains
do
Fruit
_ _
do
Tobacco
.
do _
Livestock and products 9
do_ _
Dairy products
do
Meat animals _
do
Poultry and eggs
do_ _
Prices paid:
All commodities and services
_do
Family living items
do
Production items
_ _
do
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14=100
Parity ratio §
do
237
239
247
248
232
262
166
190
307
490
236
256
270
142
261
245
173
164
236
513
261
261
319
145
249
253
177
160
197
501
269
249
343
142
282
300
270
288
306
276
313
76
321
77
252
232
249
223
249
223
233
244
171
162
230
517
272
258
341
147
237
249
171
160
248
528
271
270
333
150
290
307
278
289
305
277
323
78
r 322
r 77
249
221
249
219
267
245
304
252
182
204
224
546
285
285
351
153
272
241
281
246
175
189
269
546
283
267
359
147
296
315
283
296
314
283
297
315
285
299
317
287
333
80
333
79
333
79
334
80
335
81
112.0
112.5
112.6
112.9
113.3
111 9
111 4
111 6
111 3
108 4
108 0
111 1
110 6
102 0
101 9
8
97 1
97
115 4
114 0
105 6
105 4
120 1
119 7
122 5
122 0
113 1 • 113 9
116.9
115 7
108 1
107 0
117.4
116 5
109 6
109 4
112 3
112 1
109 9
109 8
113 5
113 3
106 6
106 5
108 9
109 0
108 2
108 2
104.0
103 8
108.2
107 6
111 4
111 1
109 9
109 6
9
192 1
120
117.6
117 1
125 3
124 5
111 0
110 8
116 6
115 9
112 4
112 2
108 8
111.4
102 3
97 4
117.4
106.0
121 1
123 6
114 0
115.6
108.9
119.8
110 3
113 0
110 1
114.3
108 3
108 5
108.3
104.4
108.7
112 0
110.5
122 1
118.1
125 8
111 6
176.8
112 4
112 5
108 8
111 3
102 5
97 0
117 5
106 3
121 5
124 1
113 5
113.9
109.3
119.2
110 7
113 5
110 2
115. 0
108 2
108 0
108.2
104.6
109.3
112 0
110.5
122 1
118.4
126 3
112 0
116.8
112 6
112 8
109 0
111 5
102 6
96 8
118 2
106 4
122 0
124 8
113 9
114.2
109 6
121.7
111 1
114 1
110 2
115 8
108 0
107 0
108 1
104.8
109 4
112 2
110 7
122 8
118 7
127 0
112 2
117 0
113.1
113.2
109.3
111.8
103 0
96.7
120.3
106.7
122 6
125.5
114.3
114.3
111.0
121.5
111.3
114 4
110 3
116.2
107 9
107.0
108.1
105.1
109.2
113 5
111.5
129 1
119.1
127 7
112 5
117 2
114 3
108.8
112.3
114 0
109.4
112.0
114 0
109.5
112. 3
113 2
109.6
113.4
287
225
171
171
225
540
293
277
369
160
270
232
269
231
312
224
174
173
232
545
303
277
384
170
291
236
170
171
234
545
303
277
380
174
291
309
278
293
309
281
295
312
282
322
77
324
80
327
80
110.4
110.6
111.0
2 111. 0
110 2
110 9
106 9
108 7
102 1
97 7
119 4
105 3
118 7
121 0
109 7
108 9
105 5
108.5
109 0
111 2
109 2
112 1
107 7
106 9
107 9
103 3
107 8
111 2
109 7
121 6
116 2
123 0
109 2
115 2
110 4
111 2
107 1
108 9
102 4
98 7
118 7
105 6
119 0
121 3
109 7
108.5
105.8
109.9
109 2
111 5
109 3
112.5
107 9
107 2
108.0
103. 3
108.1
111 5
110 1
121 6
116.4
123 4
109 6
115.4
110.8
111. 3
107.4
109.4
102.4
98.7
118.2
105.7
119 3
121.6
110.6
110. 1
106.1
111.0
109.4
111 8
109. 5
112.9
108 1
108.6
108.0
103.6
108.1
111 6
110.1
122 0
116.6
123 7
110 0
115 4
110 8
111 1
107 4
109.6
101 9
97 4
114 8
105.3
119 5
121 8
111.4
112.9
106.6
111.3
109 2
112 0
109 7
113.1
106 4
108 9
107.9
103.6
107.3
111 2
109.6
122 0
116.9
124 2
110 4
115.7
110 8
1071 6
111.3
111 6
107.8
110.8
113 1
108.0
111. 4
114 2
108.5
111.8
252
248
161
164
234
528
273
277
332
151
259
245
156
167
211
550
275
282
332
155
259
236
166
170
231
549
290
281
357
164
288
305
277
288
305
276
289
307
276
321
78
322
77
313
240
172
168
243
547
291
272
365
161
290
240
175
174
262
546
284
266
361
150
297
314
284
296
314
283
329
82
331
'81
111 6
309
179
188
199
241
559
298
301
365
162
CONSUMER PRICES
(U.S. Department of Labor Indexes)
Unadjusted indexes:
All items
_. .1957-59= 100. _
110.2
110.0
109.9
108.1
110 2
Special group indexes:
All items less shelter
do
110 0
109 6
109 8
108 0
110 1
All items less food
do
110 2
110 6
108 9
110 4
110 2
Commodities.
do
106 6
106 6
106 4
105 2
106 9
Nondurables
do
108.6
106 0
108 5
107 9
108 7
Durables 9
do
101 7
101 8
103 0
102 6
102 3
New cars
_ _
do
96 5
97 1
101 2
99 0
97 2
Used cars
_ _
do
118 9
121 6
120 3
120 8
123 0
Commodities less food
do
104.9
104 4
104 7
105 1
104 7
Services
do
118 5
115 2
117 9
117 8
117 8
Services less rent.
__
do
120 7
117 0
120 0
120 0
120 0
Food 9.
do
109 7
110 1
106 4
108 8
110 9
Meats, poultry, andfish..
do...
109.8
109 8
98 6
105 1
109 2
Dairy products
do
105 3
104 7
105 0
105 0
104 3
Fruits and vegetables
do
115.3
108. 5
114.6
115 2
124 3
Housing
_ _
do
108 6
107 2
108 2
108 5
108 3
Shelter 9
do
110 8
110 7
108 7
110 6
110 6
Rent
do
109 1
107 8
109 0
108 9
108 9
Homeownership
do
111.6
109 1
111 4
111 4
111 2
Fuel and utilities 9
do
107 3
107 4
105 3
107 2
106 6
Fuel oil and coal
do
104 3
103 5
103 5
105 6
103 2
Gas and electricity
do
107.9
107.9
107 7
106 9
107 8
Household furnishings and operation.do. _
103.1
102.8
102.9
102 9
103 1
Apparel and upkeep
do
107.2
105. 7
106 4
106 1
106 8
Transportation
do
109 3
111 0
111 0
111 1
111 5
Private
do
109.5
107 9
109 5
110 0
109 7
Public
_ _ _
do
121 6
121 5
119 0
121 4
121 4
Health and recreation 9
.._- do
113 6
115 6
115 6
115 3
115 8
Medical care
do
119 4
122 7
122 8
122 8
122 3
Personal care
_
do
109 2
109 0
109 2
109 9
108 7
Reading and recreation
do
114 3
114 1
114 6
114 8
115 2
Seasonally adjusted indexes:*
Food .
do
Apparel and upkeep
_.. _
do
Transportation
__ _
do
r
Revised.
1 Based on unadjusted data.
2 Beginning with indexes for Jan. 1966, data for six additional areas (Cincinnati, Houston,
Kansas City, Milwaukee, Minneapolis-St. Paul, and San Diego) have been incorporated
into the national CPI. These areas were "linked" into the CPI as of Dec. 1965 and were
first used in calculating the Dec. 1965-Jan. 1966 price change.
cf Compiled by Dun & Bradstreet, Inc. (failures data are for 48 States and Dist. Col.).
JRevisions for Jan. 1963-Mar. 1965 are available upon request.
§ Ratio of prices received to prices paid (parity index).
9Includes data for items not
shown separately.
* New series. Beginning with indexes for Jan. 1966, seasonally adjusted
indexes for selected groups and subgroups of the CPI were published by the Dept. of Labor.
Additional information and a description of the BLS Seasonal Factor Method are available
from the Bureau of Labor Statistics, U.S. Dept. of Labor, Washington. D.C. 20210.
SURVEY OF CUEEENT BUSINESS
S-8
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
September 1966
1966
1965
Annual
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
COMMODITY PRICES—Continued
WHOLESALE PRICES &
(U.S. Department of Labor Indexes')
Spot market prices, basic commodities:
22 Commodities
1957-59=100. _ 197.7
9 Foodstuffs
_ do
188.8
i 104. 6
13 Raw industrials
__do
All commodities
_
do
By stage of processing:
Crude materials for further processing. . do
Intermediate materials, supplies, etc
do
Finished goods O___
__
do
By durability of product:
Durable goods
do
Nondurable goods
do
Total manufactures
_
_do
Durable manufactures
-do
Nondurable manufactures
do .. _ _
1 104. 7
191.9
1 114. 6
103.3
89.0
114.6
104.7
91.2
115; 2
105.4
93.2
114.8
105.6
93.4
115.0
106.1
93.9
115.5
108.9
97.9
117.1
112.0
100.7
120.5
113.8
101.9
122.9
113.6
100.7
123.5
112.5
100.8
121.5
110.7
100.4
118.3
111.4
102. 0
118.4
113.1
105.3
118.8
110.6
109.1
111.7
100.5
102.5
102.9
102.9
103. 0
103.1
103.5
104.1
104.6
105.4
105.4
105.5
105.6
105.7
106.4
106.8
94.1
100.9
101.8
98.9
102.2
103.6
100.5
102.3
104.0
100. 8
102.4
103.8
100.0
102.5
104.1
100.1
102.6
104.3
100.8
103.0
104.7
103.2
103.0
105.3
105.2
103.4
105.6
107.5
103.8
106.3
106.9
103.9
106.4
106.3
104.3
106.3
105.7
104.8
106.2
105.6 ' 107. 8
105.4
104.9
106.4 ' 107. 0
107.4
105.8
107.5
102.4
99.1
101.1
102.5
99.7
103.7
101.5
102.8
103.7
101.9
103.7
102.2
103.1
103.7
102.5
103.9
102.0
103.2
103.9
102.4
103.9
102.2
103.2
103.9
102.5
104.0
102.4
103.4
104.0
102.7
104.2
102.9
103.7
104.2
103.2
104.2
103.9
104.1
104.2
103.8
104.6
104.5
104.4
104. 5
104.3
104.9
105.5
104.9
104.8
104.8
105.3
105.3
105.0
105.1
104.7
105.7
105.1
105. 1
105.6
104.6
106.1
105.0
105.5
106.1
104.8
106.2
106.2
105.2 ' 106. 4
105.6
106.0
106.1 106.1
105.1 105.8
106.2
107.0
106.4
106.2
106.5
do.
98.0
102.1
103.7
103.3
103.5
103.6
104.3
106.5
107.7
109.8
109.4
108.7
107.9
107.7 ' 109. 9
111.3
Farm products 9
(Jo
Fruits and vegetables, fresh and dried-do
Grains.
_
__do
Livestock and live poultry
do__
94.3
103.2
94.1
84.7
98.4
101.8
89.6
98.9
100.0
103.9
88.4
105.0
99.1
85.5
88.3
106.4
99.5
96.1
89.3
102.6
99.4
95.6
88.6
103.2
100.3
94.2
87.4
104.0
103.0
92.2
90.1
109.0
104.5
97.5
92.4
112.6
107.4
98.0
92.9
116.7
106.8
101.7
90.8
114.2
106.4
111.0
91.2
112.4
104.5
103.3
93.6
110.4
104.2 ' 107. 8
99.7
107.0
94.9
103.1
108.5
107.1
108.1
97.7
105. 6
109.4
Foods, processed 9 .
do
Cereal and bakery products
do_
Dairy products and ice cream
._ do_ _
Fruits and vegetables, canned, frozen, .do
Meats, poultry, and
fish
__do
101.0
107.8
107.8
104.8
90.8
105. 1
109.0
108.5
102.1
101.0
106.6
109.3
107.8
101.8
106. 3
106.7
108.8
108.5
100.4
106.3
106.7
109.1
109.1
101.8
105.3
106.9
109.4
109.4
104.7
104.9
107.6
110.6
110.4
105.4
105.5
109.4
111.2
111.3
105.1
110.5
110.3
111.8
110.9
104.7
112.7
111.8
112.1
113.0
105.2
114.9
111.5
112.2
115.0
104.8
113.3
110.6
112.6
114.8
104.8
110.9
110.5
113.0
114.9
105.4
110.9
110.6
111.7
114.0 ' 115. 5
117.0 '120.4
104.9 r 104. 5
109.9
110.0
113.8
118.4
125.5
102.2
111.1
101.2
102.5
102.5
102.7
102.7
102.8
103.2
103.2
103.5
103.8
104.0
104.3
104.7
104.9
' 105. 2
105.2
do.___
do
_ _ do
do___
do
do
96.7
94.2
95.0
96.8
100.1
104.7
97.4
95.0
94.4
112.7
103.5
105.4
97.4
95.0
94.0
110.3
103.3
105.7
97.1
95.0
93.9
104.4
102.1
105.7
97.2
95.0
93.9
108.4
102.5
105.7
97.6
95.4
94.1
110.1
103.4
105.9
97.5
95.5
94.7
106.7
103.8
105.9
97.6
95.5
94.6
110. 1
103. 8
105.9
97.6
95.1
94.4
113.1
103.8
105.9
97.6
95.2
94.5
110.0
104.7
105.9
97.6
95.2
94.4
106.4
104.7
105.9
97.6
95.6
94.1
104.0
105.5
106.2
97.7
96.0
94.1
102.5
106.6
106.2
97.6 '97.9
95.8
95.9
94.3 '94.5
101.6 ' 1C5. 3
104.8
104.2
106.8
106.8
97.9
95.8
94.5
104.6
102.5
106.8
Fuels and related prod., and power 9 _ ___do
Coal
do
Electric power
Jan. 1958=100
Gas fuels
do
Petroleum products, refined
1957-59 = 100- _
97.1
96.9
101.1
121.3
92.7
98.9
96.5
100.8
124.1
95.9
98.7
95.2
100.7
122.5
96.0
99.0
95.8
100.8
123.9
96.4
99.2
96.6
100.8
125.3
96.4
99.4
97.3
100.8
125.8
96.6
100.3
97.5
100.8
126 8
98.1
100.6
97.6
100.7
128.6
98.4
100.5
98.1
100.4
128.2
98.3
100.3
98.2
100.4
128.9
97.8
99.9
97.5
100.4
128.2
97.2
100.0
94.9
100.3
129.2
97.7
100.4
96.9
100.2
128.3
98.4
101.9
101.5
101.4
98.6
97.2 '97.6
100.3
100.2 '100.3
128.5 ' 128. 3 128.3
100.7
100.2
99.9
Furniture, other household durables 9 - --do
Appliances, household
_ do
Furniture, household
__ __ _ _do___
Radio receivers and phonographs
do
Television receivers
do
98.5
91.3
105.3
81.5
90.9
98.0
89.2
106.2
80.2
88.5
97.8
89.2
105.9
79.6
87.8
97.7
88.6
106.1
79.0
88.0
97.7
88.6
106.2
79.0
88.0
97.8
88.6
106.4
79.2
87.9
98.0
88.6
106.6
79.2
87.9
98.2
88.8
106.7
79.2
87.9
98.3
89.0
107.0
78.4
87.4
98.4
89.0
107.2
78.5
87 3
98.4
89.1
107.2
78.4
86.8
98.6
89.3
108.3
78.4
86.8
98.9
89.4
108.9
78.3
86.8
98.9 '99.0
89.4 '89.2
108.9 ' 109. 1
78.4 '78.3
86.8
86.8
98.9
88.9
109.3
78.3
85.8
Hides, skins, and leather products 9
Footwear
Hides and skins
Leather
Lumber and wood products ._
Lumber
do
do
_ do
do
do
do
104.6
108.5
87.5
102.9
100.6
100.7
109.2
110.7
111.2
108.1
101.1
101.9
108.8
110.0
117.4
105.9
100.5
101.2
112.2
110.2
133.4
112.5
101.8
102.5
111.3
110.3
124.9
110.9
102.0
103.1
113.3
113.6
125.6
111.9
101.6
103.0
113.6
113.7
126.5
113.3
101.6
103 0
117.8
118.7
114.6
116.0
120.8
113.8 ' 114. 6 ' 115. 0 r 115. 4 ' 118. 6
152.8
147.8
132.3
140.0
148.8
123.3
114.2
116.6
118.0
122.4
103.7
105.6
102. 8
108.4
101. 9
107.4
103.4
105.6
104.3
110.9
122.9
119.3
163.0
125.1
109.6
113.1
' 122. 7
' 119. 0
161.0
156.4
126.6
126.0
107.7 ' 106. 6
111.8 ' 110. 3
121.2
118.9
141. 2
124.6
106.2
109.9
Machinery and motive prod. 9 —
- do
Agricultural machinery and equip
do
Construction machinery and equip. _- -do
Electrical machinery and equip . __do
Motor vehicles.
do
102.9
112.9
112.4
96.8
100.5
103.7
115. 1
115.3
96.8
100.7
103.7
114.9
115.3
97.0
100.7
103.8
114.8
115.6
96.7
100.7
103.8
115.0
115.6
96.6
100.5
103.9
114.9
115.8
96.6
100.5
104.1
116.8
116.4
96.5
100.5
1C4.2
117.0
116.5
96.6
100.5
104.4
117.3
116.9
97.0
100.5
104.7
117.8
117.5
97.8
100.4
105.0
118.0
117.9
98.2
100.3
105.2
118.1
118.5
98.4
100.2
105.8
118.2
118.9
98.7
100.9
105.9
106.0
118.4 ' 118. 5
118.9
118.9
98.8 '99.0
100.7
100.7
106.2
118.4
119.0
99.2
100.5
Metals and metal products 9 — Heating equipment
Iron and steel _
Nonferrous metals
do
__ do_
do
_do
102.8
92.0
100. 5
105.9
105.7
91.7
101.4
115.2
105.8
91.7
101.5
115.5
106.2
91.9
101.4
116.5
106.2
91.9
101.2
117.0
106.3
91.9
101.2
117.4
106.7
91.6
101.3
118.7
106.6
91.6
101.7
117.2
107.0
91.5
102.0
118.3
107.5
91.7
102.2
119.5
108.0
91.8
102.3
120.8
108.2
92.1
102.0
122.1
108.4
92.1
101.8
122.5
108.7 ' 108. 8
92.5
92.9
102.0
102.2
123.2
122.9
108.5
92.9
102.6
120.4
Nonmetallic mineral products 9
Clay products, structural .
Concrete products _ _ _ _
Gypsum products
Pulp, paper, and allied products
Paper. _
Rubber and products
Tires and tubes. _
___do_
do
__ do
do
do
do
do__
do
101.5
104.2
100.9
108.2
99.0
103.6
92.5
89.0
101.7
105.1
101.5
104.0
99.9
104 1
92.9
90.0
101.7
104.9
101.7
105.7
99.9
104.1
93.0
90.2
101.6
105.3
101.5
100.6
99.9
104.1
93.2
91.1
101.6
105.4
101.6
99.9
100.0
104.1
93.3
91.1
101.6
105.4
101.6
99.1
100.5
104.5
93.4
91.1
101.6
105.4
101.8
98.6
100.8
104 8
93.5
91.1
101.6
105.6
101.8
97.4
100.9
104. 9
93.5
91.1
102.0
105.6
102.0
101.4
101. 2
105.2
93.7
91.1
102.1
105. 8
102.1
101.4
101.3
105. 4
94.1
91.1
102.1
105.9
102.2
101.4
101.8
105.4
94.3
91.1
102.3
106.0
102.7
101.4
102.3
106.0
95.4
94.4
102.4
106.3
102.7
102.2
102.7
107.1
95.4
94.4
102.5
1C2.7
106.5
106.5
103.0 ' 103. 1
102.7
102.7
103.0
103.2
108.0
108. 2
95.4
95.1
94.4
93.9
102.7
106.6
103. 3
102.7
103.2
108.4
95.1
93.9
Textile products and apparel 9
_____do
Apparel.. _ _ _
do
Cotton products._
do
Manmade fiber textile products _ _ _ _do
Silk products _
do
Wool products
do
101.2
102.8
99.6
95.8
117.3
103.0
101.8
103.7
100.2
95.0
134. 3
104.3
101.9
103.8
100.3
95.7
127.6
104.4
101.9
104.1
100.4
94.7
132.8
105.0
102.1
104.2
100.6
94.2
134.9
105.2
102.0
104.3
100.8
93.3
140.3
105.4
101.9
104.2
101.0
92.5
142.2
105.4
102.0
104.3
101.2
91.9
143.6
105.4
101.9
104.6
101.0
91.3
147.6
105.9
102.0
104.7
101.5
91.0
155.3
105.8
102.1
104.7
101.8
90.8
151.4
106.0
102.2
104.7
102.3
90.5
151.6
106.3
102.2
104.9
102.6
89.9
140.9
106.4
102.2
104.8
102.8
90.0
143.8
106.5
102.4
105.0
103.0
90.1
152.1
106.7
102.4
105.0
103.3
90.0
156.7
106.5
Tobacco prod, and bottled beverages 9 ...do
Beverages, alcoholic
do
Cigarettes
do
Miscellaneous
_
do
Toys, sporting goods.
_ do
107.4
100.7
105.6
109.2
101.0
107.7
100.8
105.8
111.0
102.7
107.6
100.7
105.6
112.6
102.9
107.6
100.7
105.6
111.5
102.7
107.7
100.9
105.6
111.5
103.2
107.7
100.9
105.6
111.2
103.1
107.7
100.9
105.6
113.2
103.0
107.9
101.3
105.6
112.5
103.1
108.1
101.1
105.6
114.3
103.2
108.0
101.0
105.6
116. 0
103.3
109.2
101.0
109.5
113.1
103.3
109.4
101.0
110.0
113.0
103.7
109.4
101.0
110.0
115.1
103.7
109.8
101.0
110.0
115.7
103.7
110.0
101.0
110.0
120.5
104.5
110.0
101.0
110.0
121.2
104. 9
$0. 995
.925
$0. 976
.910
$0. 972
.907
$0. 972
.909
$0. 971
.907
$0. 970
.906
$0. 966
.904
$0. 961
.901
$0. 956
.901
$0 949
.896
$0. 949
.893
$0. 948
.889
$0. 947
.888
$0. 946
.886
$0. 940
.883
$0. 936
Farm products and processed foods. _
Commod. other than farm prod, and foods. -do
Chemicals and allied products 9
Chemicals, industrial
Drugs and Pharmaceuticals
Fats and oils, inedible. _.
Fertilizer materials
Prepared paint. __
.
r 122. 9
* 118. 9
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices
1957-59—$! 00
do
1
' Revised.
p Preliminary
Annual averages computed by QBE.
cfFor actual wholesale prices of individual commodities, see respective commodities.
O Goods to users, including raw foods and fuels.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
September 1966
1965
1965
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
Annual
S-9
July
Aug.
Sept.
1966
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE f
' 6, 037 r 5, 157
' 4, 748 r 5, 502
_mil. $__
66, 221
' 71, 930
6,768
6,806
6,789
6,754
6,486
7,048
6,984
Private, total 9
do
Residential (nonfarm)
do
New housing units
_ _ _ do
Nonresidential buildings, except farm and public utilities, total 9
mil. $__
Industrial
do __
Commercial
__do
Farm construction
do
Public utilities
do
45 914
26 507
20 612
49, 999
26 689
20, 765
4,587
2 591
2 019
4,623
2 527
2 009
4,607
2 450
1 955
4,606
2 370
1 897
4 530
2 283
1 836
4 381
2 138
1 723
3 651
1 843
1 483
3,389
1 627
1 315
3,861
1 873
1 443
4,308 ' 4, 497 ' 4, 789 4 625
2 191 '2 367 ' 2 534 2 407
1 620 '1 734 ' 1 848 1 841
4 608
2 ?314
1 802
12,998
3 572
5 406
1 221
4 850
16, 521
5 086
6,704
1 195
5 178
1,397
422
1,488
438
1, 549
478
1,605
478
1,605
500
1,635
575
1,302
442
1,266
453
1,452
511
1,546
565
0)
(i)
New construction (unadjusted), tota]
Buildings (excluding military)
Residential
Military facilities
Highways and streets
7 144
T
r
7, 716
464
883
7, 547
Residential (nonfarm)
do
Nonresidential buildings, except farm and public utilities, total 9
mil. $__
Industrial
do
Commercial
do
Farm construction
- do
Public utilities
do
r
'•I 641
r I 858
'622
'672
'741
38
54
'36
'36
69
'40
66
'468
'578
2 148
1 956
722
48
91
825
728
50
82
799
687
46
88
666
70 863
72 830
72 687
74 039 '76 443 '77 622
49 222
50, 167
50, 084
51 209
26 621
26, 413
26, 343
26 243
26 684
16, 923
5,068
7,056
1 185
5,196
17 839
5 291
7 706
1 183
5 429
19, 551
6 250
8,017
1 182
5 412
22 663
22, 603
22 830
21 641
53 445
r
7 494
7,734
7,398
4 795
4 265
4 153
4 356
3,745
3,698
139
147
147
141
153
1,294
3, 061
1,163
2,582
1, 304
2,395
1 125
2 249
1,582
1,897
1,328
1,696
1,433
1,446
1 177
1 290
522
832
525
967
r
760
7, 687
'807
828
50
(i)
874
r
r
78 920 79 433 '78 138 '75 790 '75 617
73 341
79 769
55 066
54, 347 '52,284 ' 52, 108
49 757
49 224
27 279
27, 437 '27 023 '26 156
25 061
24 424
20 495
7 073
7 672
1 194
5 409
19, 572 '18,227 18, 712 17, 634
7 175 '6 856
6 907
7 548
7,097 ' 6, 126
6,343
6 107
1 197 1 201
1 205
1 210
5,458
5 301 '5 617 5 490
54, 290
r
r
'42
56
'675
'850
' 47
75
24 367 '23 791 '23 506 '23 509
(i)
0)
(i)
1 213
5 595
8,899
7,499
505
2 376
' 783
23 545
1 025
7, 689
8, 608
'519
115
507
23 584
472
910
8 382
(i)
'9 259 '9 391 '9 141 ' 8, 908 '8,959 '8 866 8 843
r
'522
'521
527
527
'516
516
^508
(i)
887
650
823
760
1 009
733
r
8 107 '8 203 ' 7 953 ' 7, 902 '7 853 ' 7 801 7 750
8,187
8,311
102
r 495
569
111
481
840
48
(i)
910
r 305
53 285
7,609
7 382
96
458
1,590
594
'2 026 ' 2 314 2 423
52
r39Q
22, 998 r 24 337
r
' 1, 533 1,621
612
'557
573
'537
19, 388
6 629
7,294
1 190
5 512
18, 812
5 987
7 846
1 185
5 220
'476
' 6, 523 ' 7, 103
27 463
27 460
16, 984
5,321
6,977
1 186
5, 208
l 656 r I 506
42
63
550
91
431
r i 359
2 182
703
45
86
851
'669
530
92
395
r 647
2 183
696
44
78
880
471
980
do
do
do
do
451
91
354
510
92
367
2 181
26 983
do _
Buildings (excluding military)
Residential
Military facilities
Highways and streets
_ _ _
640
95
466
682
99
500
21 236
474
968
21 931
do
Public total 9
678
104
487
15 406 15 949
4 907
4 973
5 882
6 239
1 188 1 186
5 142
5 185
7 052
New construction (seasonally adjusted at annual
rates) total
mil $
Private, total 9
646
107
465
49 122
20 307
do
do
do
do
- -
615
112
465
70 358
do
Public total 9
r
548
109
454
'6,166
24 630
532
(i)
7 697
CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F. W. Dodge
Co.):
Valuation total
mil. $
Index (mo. data seas, adj .) __
2 47 299
_ _1957-59 = 100. _
3 137
2
2
Public ownership
mil. $
15 371
Private ownership
_
_ _ do
31* 928
By type of building:
2 15 495
Nonresidential
do
2
Residential
_ _ _ do _
20' 561
Non-building construction
_ _ d o _ _ 2 11 244
New construction:
Advance planning (ENR) § _
do
44 405
Concrete pavement awards:
Total
_ _ _ _ _ _ _thous. s q . yds._ 123 768
Airports
- do
5 352
Roads
do
89 872
Streets and alleys
_
do
25 578
2 967
Miscellaneous
do
49 831
3
r 143
149
16 330
33 501
1 750
3 045
1 313
2 952
1,332
2,821
17 470
21 461
10, 900
1 691
1 952
1 151
1 507
1 971
1,464
1,756
45, 625
3 215
3 714
934
788
3,915
877
721
3,895
4,618
5,707
r
152
857
20, 692
9,549
1 950
4 774
4 737
5 098
5 132
4,854
158
161
156
147
146
1 066
2 204
1 463
3 274
1,574
3, 524
1, 902
3,230
1,937
2,916
2,020
2,754
1 259
1 299
1 726
2 004
1 007
1, 883
2,081
1,134
1,826
1,970
1,335
1,885
1,828
1,140
1,813
1,461
1,499
4 608
3,686
3, 578
4,902
2,362
3 270
r
157
906
712
3 384
3 942
29, 147
1,329
20,831
5,639
1 347
33, 048
125, 580
4 410
86 779
29, 016
5 376
819
3 374
34, 119
1,419
23, 814
8,027
25, 684
513
21 298
3 161
859
711
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total, incl. farm (private and public)
One-family structures
Privately owned
Total nonfarm (private and public)
In metropolitan areas
Privately owned
_
_ ___
do
do
__do __
102.5
146.9
106.8
144.8
102.5
' 136. 1 ' 128. 3
' 86. 4 67.6
'91.7
101.7
' 132. 2 ' 125. 1
1 563 7
1 117 7
lj 530. 4
100.4
1,569
1,538
1,502
1,481
' 1, 318 ' 1, 285 1,081
' 1, 287 ' 1, 261 1,061
1,057
1,037
1,268
1,185
1,098
'954
574
921
543
808
492
122
143.9
94 1
141 3
138.0
88 5
134 7
125.9
80 0
124.3
135.7
87 2
133 6
118.3
71 4
116.1
103.2
59 9
102 3
87.3
48 2
84 6
81.0
46 8
78 2
130.9
80 9
126.3
149.2 ' 139. 3 ' 130. 7
95.4
'88.1 '83.4
147.1 ' 135. 4 ' 127. 5
1 520 4
1 067 5
1, 482. 7
141 6
95 1
139. 0
136 2
94 8
132.8
124.3
87.8
122.7
133 0
94 8
130.9
117.1
78 8
114.9
101.6
75 9
100.8
86 3
61 5
83.7
79 5
55 4
76.7
128.7
91 4
124.1
1,427
1 409
1,453
1,436
1,411
1 380
1,547
1,531
1,769
1,735
1,611
1,585
1, 374
1,349
1,234
1,228
709
1,180
1,244
710
116
116
117
Seasonally adjusted at annual rates:
Total, including farm (private only) _ _ do
Total nonfarm (private only)
do
New private housing units authorized by bldg. permits (12,000 permit-issuing places) :
Seasonally adjusted at annual rates:
Total
_
thous
One-family structures
_ _ __do _ _
104.2
73.1
103.4
1, 542. 7
963 5
1,505 0
1,473
1 447
thous.. 1, 590. 7
do
973 0
do
1 557 4
1,286
1,241
720
710
112
116
678
1,280
727
731
1,292
1,255
1,197
117
117
118
118
118
118
119
'120
'121
'122
854
858
863
100.6
98.5
877
724
711
652
743
660
596
CONSTRUCTION COST INDEXES
Dept. of Commerce composite
American Appraisal Co., The:
Average 30 cities
Atlanta
New York
San Francisco
St. Louis
1957-59=100-1913—100
do
do
do
do
Associated General Contractors (building only)
1957-59=100--
827
824
825
878
888
792
785
904
925
814
808
907
917
804
809
908
917
804
809
908
939
834
809
119
123
124
124
124
l
2
' Revised.
Not yet available; estimate included in total.
Annual total includes
3
revisions not distributed to months.
Computed from cumulative valuation total,
f Revised series. Monthly data for 1962-64 appear on p. 40 of the May 1966 SURVEY.
228-744 O - 66 - 5
829
802
834
909
940
834
805
124
909
940
834
815
837
840
843
845
909
941
837
817
913
945
839
821
916
946
840
822
917
949
841
830
926
954
852
836
927
954
852
853
927
954
852
853
950
969
887
863
124
124
124
124
124
125
126
127
128
835
128
9 Includes data not shown separately.
§Data for Sept. and Dec. 1965 and Mar. and June 1956 are for 5 weeks; other months,
4 weeks.
SURVEY OF CUREENT BUSINESS
S-10
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
September 1966
1965
1965
Annual
Aug.
July
Sept.
1966
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
M ay
June
July
Aug.
CONSTRUCTION AND REAL ESTATE— Continued
CONSTRUCTION COST INDEXES— Con.
E. H. Boeckh and Associates: f
Average, 20 cities:
All types combined .
1957-59=100.
Apartments, hotels, office buildings. _ _do_ ._
Commercial and factory buildings
do
Residences
_ ... do
Engineering News-Record:
Building
do
Construction
do _
Bu. of Public Roads— Highway construction:
Composite (avg for year or qtr )
1957—59 — 100
113.4
114.6
113.4
111.6
117.2
118.5
117.2
115.2
118.0
119.2
118.1
116.0
118.2
119.4
118.3
116.1
118.4
119.7
118.5
116.4
118.8
120.0
118.8
117.0
118.9
120.1
118.9
117.0
119.5
120.7
119.5
117.6
119.7
121.1
119.8
117.1
119.5
120.6
119.5
117.6
119.8
120.8
119.8
118.0
120.3
121.4
120.3
118.7
121.2
122.3
121.1
119.4
121.9
123.1
121.9
120.1
122. 8
124.1
122.9
120.9
116.1
123. 2
118.9
127.8
119.1
128.6
119.5
129.5
120.1
129.8
120.4
129.8
120.2
129.7
120.4
130. 0
120.5
130.0
121.7
131.2
122.0
131.4
123.1
132.4
123.7
133. 4
124.5
135.4
124.6
136.1
102 0
105 7
152 6
'156 3
154 2
151.9
183.2
161 1
163 6
'155 3 '147 2
186.2
236 2
106 6
106 7
1
1
125. 0
136. 5
113.7
109 0
CONSTRUCTION MATERIALS
Output index:
Composite unadjusted?
Seasonally adjusted
1947-49—100
do
Iron and steel products unadjusted
Lumber and wood products unadj
Portland cement unadjusted
do
do
do
173.4
161.3
134.8
136.8
'158 8 '175 9 '170 2 ' 165. 3 ' 149. 5 ' 144. 4
'165 0 '160 1 ' 163. 3 ' 146. 2 ' 156. 6 ' 168. 1 ' 144. 0 ' 154. 8
170.5
177.2
167.9
164.6
136.4
144.2
143.6
148.0
161.6
159.8
187.5
' 165. 2 ' 171. 4 ' 164. 6 ' 158. 2 '155.2 ' 147. 0 '150 2
101.6
103.6
235.8
150.2
224.5
188.1
246.7
189.9
178.4
172.2
189.0 ' 187. 5
167.8 ' 168. 8
211.3
184.7
196.2
166.5
249.6
REAL ESTATE
Mortgage applications for new home construction:
Applications for FHA commitments
thous. units. _
Seasonally adjusted annual ratesj
do
Requests for V A appraisals
do
Seasonally adjusted annual ratesj _
do
182.1
188.9
113.6
102.1
Home mortgages insured or guaranteed byFed Hous Adm : Face amount
mil. $ 6, 573. 22 7, 464. 59
2 852. 21 2, 652. 23
Vet Adm * Face amount§
do
Federal Home Loan Banks, outstanding advances
5,997
5,325
to member institutions, end of period
mil. $__
New mortgage loans of all savings and loan associations estimated total
mil $
By purpose of loan:
Home construction
do
Home purchase
. .
.
do
All other purposes
do
New nonfarm mortgages recorded ($20,000 and
under) estimated total
mil $
Fire losses (on bld^s contents etc )
mil $
15.1
165
8.6
95
17.3
186
8.9
95
16.6
189
8.4
97
15.1
192
7.2
94
14.5
222
6.8
100
13.3
219
6.7
105
13.6
214
5.9
89
13.8
179
5.4
72
17.7
160
9.1
92
16.0
168
10.1
111
12.8
133
9.4
98
13.0
127
'8.8
'90
10.6
124
8.5
99
11.6
119
10.3
106
646. 67
217. 21
757. 29
244. 70
755. 77
254. 42
714.36
245. 00
706. 02
242. 64
698. 25
227. 87
727. 41
236. 31
511. 89
189. 76
607. 09
163. 04
515. 71
131. 82
497. 79
166. 66
557. 09
205.32
504. 84
219. 04
546. 12
5,793
5,770
5,802
5,826
5,724
5,997
5,898
5,739
5,687
6,516
6,704
6,783
7,342
7, 226
1,996
1,549
1,554
1,998
1,888
1,696
322
640
587
307
645
602
454
814
730
430
798
660
390
773
533
'340
'823
'466
270
640
327
123. 59
117. 47
123. 99
124. 71
24 505
23, 847
2,186
2,187
2,079
1,961
1,825
6,515
10, 397
7,593
5, 922
10, 697
7,228
520
1,063
603
511
1,099
577
490
1,015
574
487
910
564
431
834
560
491
865
640
36 921
108 620
116 664
9 753
9 521
9 806
9 577
9 642
10 421
9 375
9 211
10 179
1 367 13 1 455 63 130 52
111 78
115. 44
108. 72
112 28
124 04
120. 40
131.10
133. 36
142
121
159
111
109
102
182
144
131
156
115
96
125
184
140
124
153
118
84
130
175
' 1, 629 1,237
144
124
158
118
88
134
184
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas, adj.:
Combined index
1957-59—100
M!asazines
do
Outdoor
Radio (network)
Television (network)
do
do
do
Television advertising:
Network (major national networks) :
Automotive incl accessories
Drugs and toiletries
Foods soft drinks confectionery
do
do
do
Smoking materials
do
All other
do
Spot (natl. and regional, cooperating stations) :
Gross time costs total
mil $
_uionKive, c . ^ d c C '
tv ^^ , „ _ „ . . a
Foods soft drinks confectionery
Soaps cleansers etc
do
do
All other
do
Magazine advertising (general and natl. farm magazines) :
Cost total
mil $
Apparel and accessories
do
Automotive incl accessories
do
Building materials..
do _
Drugs and toiletries
_
do
Foods soft drinks confectionery
do
125
112
136
103
89
103
157
136
122
147
109
92
108
175
135
122
151
108
77
101
173
141
129
160
108
91
89
178
138
126
145
113
78
118
183
143
131
151
112
108
110
187
1 145 9 1 260 3
99 1
96 5
409 2
360 6
234 8
209 5
112 0
103 2
146 8
145 4
229 2
259 8
269 2
16 3
91 0
52 0
26 8
29 3
53.8
401 5
44 4
123 9
67 3
28 6
46 7
90 6
1 016 0 1 075 5
' 38 5
38 9
192 9
207 4
352 7
377 7
98 5
100 4
50 2
48 7
302 4
283 2
248 3
10 1
51 1
82 7
26 4
10 5
67 5
303 9
10 6
56 4
107 1
25.8
11 5
92.5
309.0
21.3
91.6
62.1
31.5
32.5
70.0
354. 5
24.0
116. 3
72.2
30.3
41.1
70.6
290.2
12.9
57.0
107.8
26. 3
12. 7
73.6
68 7
9
5.9
2.4
8.3
9 4
65 3
6.6
4.4
1.7
8.0
85
90.0
10.1
3.6
3.0
10. 1
9.3
69.3
4.6
58.3
Beer, wine, liquors
do
71.5
3.8
71.7
Household equip., supplies, furnish ings __ do
39
50.5
Industrial materials
do
48 4
21.7
1.7
16.0
Soaps, cleansers, etc
_. do____
41.6
3.3
38.3
Smoking materials
do
365.6
24.3
Allother
.
_
do. _
320.9
' Revised.
1 Index as of Sept. 1, 1966: Building, 125.2; construction, 136.7.
1 Copyrighted data; see last paragraph of headnote, p. S-l.
9 Includes data for items not shown separately.
3.2
3.4
3.1
1.6
3.5
21.3
5.2
6.0
5.0
1.6
3.4
32.7
138
126
147
112
97
126
174
996 8
61 8
110 7
27.1
108.9
134 8
1 076. 9
64.8
111.7
30.4
115.9
133.9
83.1
4.0
11.2
2.3
101.9
6.8
11.5
3.4
112.4
9.2
12.5
4.7
110.4
6.7
11.8
3.9
93.0
2.5
9.2
3.4
190
19 7
2.1
9q
10.7
12.2
10.9
10.6
10.8
9.8
7.0
6.3
5.2
3.8
6.0
11.3
7.3
9.2
2.4
10.0
7.5
7.6
8.9
3.6
5.4
3.0
8.5
9.1
4.8
4.6
4.2
3.3
4.0
3.9
2.9
6.5
5.7
.9
1.6
1.4
1.5
1.7
.9
1.1
2.2
1.7
3.4
3.5
2. 6
2.5
3.0
3.4
2.2
3.9
3.7
38.5
31.9
36.4
40.2
31.0
31.3
38.6
26.7
38.8
t Revised seasonally adjusted data for 1958-64 will be shown later.
§ Data include guaranteed direct loans sold.
5.1
4.0
4.5
1.2
3.1
25.0
120.5
8.0
16.9
3.2
12. 0
13.1
117 8
5.9
15.2
2.2
12.3
14.3
91.5
3.9
7.2
1.2
11.9
11.1
64.6
1.7
8.8
1.6
6. 6
7.7
71.8
1.0
6.9
SURVEY OF CUERENT BUSINESS
September 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
| 1965
S-ll
1966
1965
Annual
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
308.9
87.0
221.8
18.7
5.5
31.5
166.2
289.1
80.9
208.3
18.4
6.7
27.8
155.4
254.9
80.3
174.6
14.6
7.4
18.9
133.7
Aug.
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Newspaper advertising linage (52 cities) :
Total
_ _
_ mil.
Classified
Display, total
Automotive
_ _
Financial
_
General
Retail
- -
lines
do_ _
do
do
do _
do
do
2, 973. 5
787.1
2,186.3
159.7
60.9
292.5
1, 673. 2
3, 164. 6
865.6
2, 298. 9
170.4
63.4
288. 5
1,776.7
238.7
74.1
164.6
13.4
5.7
18.2
127.3
261.4
79.1
182.3
13.3
3.9
18.1
147.1
271.9
72.9
198.9
13.2
4.6
27.4
153.8
296.3
78.4
217.9
18.8
5.4
30.6
163.2
292. 4
71.8
220.7
14.6
5.2
28.7
172.2
285.4
62.0
223.4
9.6
5.4
22.9
185.6
240.0
73.7
166.3
12.8
7.8
18.8
126.8
231.0
69.5
161.5
13.1
4.7
22.1
121.7
282.3
79.4
202.9
16.2
5.9
26.0
154.8
282.4
81.6
200.8
16.0
6.6
27.2
151.0
261, 630
283, 950
24, 129
22, 989
22, 732
25,067
25, 158
30, 601
22, 054
21, 260
24, 712
25, 477
RETAIL TRADE
All retail stores: f
Estimated sales (unadj.), total f
mil. $
Durable goods stores 9
-- --Automotive group
Passenger car, other auto, dealers
Tire, battery, accessory dealers
24, 763 '25,950 ' 25, 461
1
25, 662
do
do
do
__do
84, 173
48, 730
45, 799
2,931
93, 718
56,266
53, 217
3,049
8, 066
4,821
4,540
281
7,448
4,243
3,984
259
7, 082
3,784
3,540
244
8,413
4, 994
4,719
275
8,390
4,954
4,689
265
8,976
4,835
4,516
319
6,985
4,300
4,089
211
6,998
4,366
4,166
200
8,606
5,430
5,169
261
8, 372
5,138
4,848
290
8, 069
4,787
4,499
288
r 8, 776 ' 8, 184
i 8, 161
' 5, 233 ' 4, 766 i 4, 661
4,434
'4,904
332
'329
Furniture and appliance group 9
Furniture, homefurnishings stores
Household appliance, TV, radio
do
do
do
13, 090
8,079
4,199
13, 737
8,538
4,223
1,129
724
335
1,139
724
347
1,201
712
393
1,272
790
394
1,318
819
397
1,619
941
546
1,058
645
342
1,015
614
335
1,150
714
368
1,097
699
336
1,129
714
348
'1,229
'765
'392
1, 233
751
416
Lumber, building, hardware group
Lumber, bldg. materials dealers cf
Hardware stores.
do
do
do
11, 340
8,690
2,650
12, 115
9,302
2,813
1,160
916
244
1,119
889
230
1,102
865
237
1,132
885
247
1,098
846
252
1,084
729
355
817
619
198
774
594
180
980
762
218
1,038
794
244
1,083
824
259
' 1, 159
'900
'259
1,117
869
248
Nondurable goods stores 9
do
Apparel group _ _ _ _ _ _ _ _
.. d o
Men's and boys' wear stores
__do
Women's apparel, accessory stores __do_
Family and other apparel stores
_do
Shoe stores
_ _ _
do
177, 457
15,282
3,121
5, 944
3,626
2,591
190, 232
15, 752
3,258
6,243
3,680
2, 571
16, 063
1, 145
236
440
278
191
15, 541
1,173
226
443
309
195
15, 650
1,324
250
496
348
230
16,654
1,360
280
553
310
217
16, 768
1,455
299
602
341
213
21, 625
2,418
554
992
566
306
15, 069
1,152
249
466
244
193
14, 262
1,009
200
428
213
168
16, 106
1, 277
225
544
275
233
17, 105
1,456
268
604
305
279
8,613
19, 577
62, 864
57,272
20, 269
9,335
21, 423
66, 920
61, 068
21, 765
766
2,015
6,043
5,519
1,963
757
1,984
5,453
4,956
1,926
759
1,856
5,498
5,017
1,820
798
1,878
5,962
5,448
1,884
786
1,747
5,577
5,072
1,849
1,089
1,881
6, 559
5,977
1,889
778
1,708
5,600
5, 127
1,815
752
1,618
5, 348
4,874
1,667
798
1, 809
5,808
5, 297
1,827
824
1,901
6,075
5, 559
1,898
819
1,965
5,747
5, 240
1,947
829
' 2, 071
' 5, 979
' 5, 464
'2,002
32, 350
20,809
2,402
4,948
6,011
35,840
23, 421
2,581
5,320
6,305
2,663
1,731
172
412
542
2,865
1,863
212
426
497
2, 962
1,942
223
422
505
3,122
2,035
225
448
533
3,600
2,344
328
484
561
5,644
3,745
358
888
. 826
2, 375
1,564
166
313
496
2,285
1,474
166
335
470
2,887
1,892
218
393
496
3,080
2,007
198
460
541
3,034
2,003
202
429
530
' 3, 208 ' 2, 954
'2,141 ' 1, 928
179
192
433
' 454
563
'543
23,668
23,585
23,753
24,194
24,647
24,816
25, 023
25, 263
25,536
24, 949
24, 475
8,649
5.121
4,822
299
7,939
4,580
4,302
278
7,506
4,288
4,017
271
' 8, 056 ' 8, 129
' 4, 771 4,775
' 4, 479 4,470
305
'292
Drug and proprietary stores
Eating and drinking places _ _
Food group _
Grocery stores
Gasoline service stations
_
do
do
do
__do_ _
do
General merchandise group 9
do __
Department stores
do
Mail order houses (dept. store mdse.) _do
Variety stores
do
Liquor stores
do
Estimated sales (seas, adj.), total f
Durable goods stores 9
Automotive group
Passenger car, other auto, dealers
Tire, battery, accessory dealers
do
i 1, 291
16,694 '•17,174 ' 17, 277 i 117, 501
1, 477
1,341 ' 1, 373 ' 1, 259
255
'299
262
498
'532
563
298
'307
285
208
'235
231
25, 394
'
'
'
'
'837
1836
2, 250 1 2, 282
6, 293 1 5, 906
5, 777 1 5, 367
2, 084 i 2, 092
25, 491
do
do
do
__do
7,827
4,743
4,491
252
7,755
4,660
4,402
258
7,768
4,658
4,398
260
7,865
4,614
4,345
269
8,092
4,776
4,509
267
8,252
4,953
4,714
239
8,324
4, 884
4,610
274
8,399
4,995
4,718
277
Furniture and appliance group 9
__do
Furniture, homefurnishings stores
do
Household appliance, TV, radio
do
1,118
722
334
1,127
706
353
1,184
716
389
1,221
749
380
1,218
756
366
1,207
735
378
1, 208
759
378
1,220
730
405
1,249
765
405
1,202
741
379
1,183
734
372
' 1, 208
'746
'397
1,016
782
234
1,002
768
234
1,002
765
237
1,021
775
246
1,074
819
255
1,070
825
245
1,149
896
253
1,114
862
252
1,150
895
255
1,034
797
237
990
752
238
' 1, 006
'769
'237
15,841
1,315
268
510
326
211
15,830
1,306
271
500
327
208
15,985
1,343
278
508
344
213
16,329
1,321
276
535
290
220
16,555
1,384
280
566
311
227
16,564
1,340
269
560
297
214
16, 699
1,417
289
570
318
240
16, 864
1,450
289
594
327
240
16, 887
1, 377
277
569
299
232
17, 010
1,389
279
579
308
223
16,969
1,406
283
. 578
313
232
17, 338
' 1, 460
'295
'583
'341
'241
17, 362
1, 471
294
591
353
233
775
1,812
5,571
5,076
1,831
779
1,807
5, 568
5,078
1,820
794
1,814
5,586
5,097
1,827
816
1,825
5,788
5, 271
1,843
818
1,810
5,757
5,235
1,860
828
1, 875
5,956
5,432
1,838
806
1,879
5, 783
5, 278
1,907
806
1,915
5,879
5,359
1,907
816
1,935
5,917
5,391
- 1, 907
843
1,924
5,981
5,467
1,927
831
1,910
5,931
5, 431
1, 920
848
' 1, 967
' 5, 975
853
2,023
5, 953
5, 461
1,944
2,961
1,936
219
443
527
2,988
1,961
211
448
513
3,043
1,982
223
452
530
3,055
1,978
220
459
531
3,199
2,087
235
469
543
3,069
2,019
209
433
533
3,230
2,119
243
451
560
3,225
2,127
223
457
561
3,225
2,119
220
459
559
3,194
2,099
224
453
564
3, 213
2,113
216
467
560
25, 883
1,009
764
245
Nondurable goods stores 9
do___
Apparel group
do
Men's and boys' wear stores.
do
Women's apparel, accessory stores. __do
Family and other apparel stores
do
Shoe stores
_
_do
1
3, 319
2, 125
1,252
771
422
Lumber, building, hardware group
do
Lumber, bldg. materials dealerscf
do
Hardware stores
_
_'_do
1
1
3,355
'3,355
' 2, 214 2,206
234
219
478
'487
554
'572
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores
Gasoline service stations
,___do
do
do
___do
do
General merchandise group 9 _ _ _
do
Department stores
do __
Mail order houses (dept. store mdse.) _ do ___
Variety stores
do
Liquor stores
do
Estimated inventories, end of year or month: f
Book value (unadjusted), total t
mil. $__
Durable goods stores 9
do
Automotive group
do __
Furniture and appliance group
do____
Lumber, building, hardware group. _do
' 1, 927
30, 181
12,854
5,578
2,227
2,461
32, 903
14, 433
7,189
2,312
2,427
32, 935
14, 918
7,300
2,338
2,547
32, 743
14, 317
6,615
2,396
2,520
32, 527
13, 623
5,945
2,426
2,529
33, 708
14, 016
6,344
2,419
2,526
34, 771
14, 533
6,772
2,502
2,525
32, 903
14, 433
7,189
2, 312
2,427
33, 103
14, 923
7,541
2,312
2,462
34, 148
15, 480
7,951
2,307
2,504
35, 285
15, 916
8,123
2,372
2,587
35, 699
16,118
8,218
2,480
2,602
35, 977
16, 602
8,552
2,535
2,634
35, 883
16, 629
8,558
2,536
2,609
18, 470
3,677
4,074
5,831
3,466
18, 017
3,638
3,762
5,855
3,400
18, 426
3,930
3, 735
6,025
3,517
18, 904
4,141
3,720
6,309
3,693
19, 692
4,213
3,892
6,749
4,023
20, 238
4,266
3,982
6,920
4,175
18,470
3,677
4,074
5,831
3,466
18, 180
3,544
3,959
5,933
3,442
18, 668
3,753
3,945
6,071
3,516
19,369
3,939
4,033
6, 432
3,787
19,581
3,951
6,543
3,887
19, 375
3,910
4, 056
6,445
3,837
19, 254
3,812
4,104
6, 391
3,792
33, 296
14, 782
7,250
2,335
2,562
33, 533
14, 774
7,304
2,383
2, 563
33, 957
14, 782
7,329
2, 359
2,512
34, 113
14, 949
7,315
2, 398
2,541
34, 127
15, 113
7, 361
2, 333
2,553
34, 556
15, 201
7,365
2,389
2,532
34, 737
15, 336
7,484
2,458
2,532
35, 266
15, 813
7,768
2,530
2,558
35,595
15, 927
7,902
2,547
2,542
17,589
19, 219
3,844
4,099
6,407
3,824
Book value (seas, adj.), total t
do _
31, 130
33, 957 33, 088 33, 360 33, 045
Durable goods stores 9
__do
13, 136
14,782 14, 592 14, 819 14, 621
Automotive group
___do
5,645
7,329
6,979
7,213
7,036
Furniture and appliance group
do ___
2,272
2, 359
2,357
2, 401
2,393
Lumber, building, hardware group___do
2,550
2,512
2,525
2,507
2,534
r
Revised.
1 Advance estimate.
fRevised se
ries. Dat a reflect use of E ew sam pie
(effective with data for Oct. 1965) based on definiti 3ns and c .assificatic >ns accor ding to he
1963 Census of Business. See p. 20 ff,. of the Feb. 1966 SURVEY for data 1 ?ack to 1 959 for m fg,
and trade inventories, total and retail inventories, See p. 1 3 ff. of th e April SURVEY for
inventory-sales ratios, mfg. and trade sales, total, a ad retail £ ales back to 1959 (revised ac-
1
8, 294
35, 498
16, 279
8,205
2,548
2,541
17,327
3,432
3,822
5,381
3,174
1
35, 479
15, 742
7,668
2,568
2,519
Nondurable goods stores 9
Apparel group
Food group
General merchandise group
Department stores
do
do
do
do _
do
counts receival )le data f )rior to C)ct. 1965 are not p resently available;). Com plete det ails appear in the Moiithly Re tail Trad e Reoort , Jan. 1966 and su.1>sequent issues, a^Bailable ft om the
Bureaii of the Census, ^^ash., L .C.,'2023 3. 9 Tnceludes da ta not sh own sep arately. cf Cornprises .umber 3fards, bu ilding m aterials lealers, a nd pain , plumbi ng, and electrical stores.
SUEVEY OF CUEEENT BUSINESS
S-12
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
September 1966
1965
Annual
July
Aug.
Sept.
1966
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
DOMESTIC TRADE— Continued
RETAIL TRADE— Continued
All retail storesf— Continued
Estimated inventories, end of yr. ormo.f — Con.
Book value (seas, adj.)— Continued
Nondurable goods stores 9 - ...mil. $__
Apparel group
do
Food group
do
General merchandise group
_ do
Department stores
do
17,994
3,613
3, 857
5,809
3,410
19, 175
3,871
4,111
6,289
3,718
18, 496
3,842
3,804
6,055
3,575
18, 541
3,899
3,815
6,048
3,553
18, 424
3,903
3, 735
6,004
3,503
18, 514
3,848
3,812
6,040
3,542
18, 759
3,867
3,896
6,092
3,608
19, 175
3,871
4,111
6,289
3,718
19, 164
3,844
4,027
6,501
3,803
19, 314
3,917
3,981
6,443
3,805
19, 355
3,904
4,012
6,479
3,802
19, 401
3,915
4,019
6,523
3,875
19,453
3,966
4,040
6,508
3,869
19,668
4,000
4,091
6,625
3,975
19, 737
4,059
4,144
6,630
4,021
Firms with 11 or more stores:!
Estimated sales (unadj.), tota!9t --c-
do
68,306
73,454
6,096
5,899
6,092
6,432
6,591
9,275
5,494
5, 256
6,214
6,661
6,291
' 6, 608
6,511
- do
do
_do
__do
- do
do
do
4,287
531
1,622
1,155
2,029
1,677
1,126
4,445
557
1,656
1,168
2,300
1,891
1,193
314
38
120
82
189
170
97
337
36
125
89
183
172
99
376
41
139
106
187
168
102
390
52
145
96
197
169
109
412
53
153
98
196
155
110
679
94
263
154
318
167
135
288
40
102
81
185
163
86
263
31
99
73
179
155
86
361
37
135
104
199
187
105
420
45
158
125
207
183
96
373
42
145
102
206
187
100
388
48
144
107
217
197
107
324
39
123
87
216
196
108
23, 645
15, 807
3,770
26, 198
26, 112
17, 593
4,096
27, 725
1,982
1,334
315
2,497
2,135
1,431
328
2,142
2,188
1,480
326
2,249
2,260
1,522
347
2,451
2,615
1,743
386
2,241
4,070
2,751
701
2,831
1,707
1,162
244
2,311
1,636
1,087
262
2,216
2,095
1,416
316
2,416
2,236
1,511
368
2,631
2,220
1,516
341
2,336
r 2, 361
2,168
1,474
342
2,630
1,242
1,312
Apparel group $
Men's and boys' wear stores
Women's apparel, accessory stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
Furniture and appliance group
General merchandise group 9
__do _
Dept. stores, excl. mail order sales
do
Variety stores
do
Grocery stores
do
Lumber yards bldg materials dealerscf do
Tire battery accessory dealers.
do
Estimated sales (seas adj ), total 9 f
121
114
I08
121
108
134
93
84
116
124
124
I§7
134
6,091
6, 162
6,248
6,209
6,373
6, 445
6,475
6,598
6, 610
6,574
6,536
r 6, 702
6,664
368
46
137
95
193
158
371
47
133
97
194
160
375
47
139
97
198
163
382
49
146
99
204
164
383
46
139
104
203
160
374
45
143
100
206
168
392
49
146
106
199
180
407
47
156
104
205
179
386
43
144
106
208
193
382
45
150
100
213
184
382
43
146
102
215
181
402
48
149
108
224
187
386
47
144
103
222
182
2,172
1,458
338
2,301
2,216
1,506
342
2,303
2,250
1,515
348
2,323
2,203
1, 469
353
2,339
2,342
1,577
371
2,325
2, 217
1,516
342
2, 499
2, 330
1,564
362
2,378
2,392
1,625
366
2,422
2,363
1,587
371
2,421
2,295
1,553
359
2,506
2,336
1,576
370
2, 449
«- 2, 430
385
2, 491
2,425
1,643
377
2,517
109
114
116
120
107
94
123
120
136
120
117
121
124
18, 193
7,120
11,073
8,269
9,924
16, 780
6,926
9,854
7,907
8,873
17, 166
6,943
10, 223
8,040
9,126
18, 193
7,120
11,073
8,269
9,924
17, 486
6,838
10, 648
7,786
9,700
16, 912
6,583
10, 329
7,471
9,441
16,865
6,578
10, 287
7,533
9,332
17,065
6, 606
10, 459
7,778
9, 287
17, 520
6,894
10, 626
8,113
9,407
17, 727
7, 058
10, 669
8,300
9,427
17 034
6,916
10, 118
7,833
9,201
16, 824
6,722
10, 102
7,825
8,999
17, 180
6,891
10, 289
7,965
9,215
17, 034
6,916
10, 118
7,833
9,201
17, 207
7, 039
10, 168
7,842
9, 365
17, 419
7,020
10, 399
7,881
9,538
17, 418
6,954
10, 464
7,895
9,523
17,306
6,835
10, 471
7,812
9, 494
17, 481
6,941
10, 540
7,954
9, 527
17,677
6,898
10,779
8,216
9,461
_ do .
Apparel group 9
Men's and boys' wear stores
Women's apparel accessory stores
Shoe stores
- - Drug and proprietary stores
Eating and drinking places
Furniture and appliance group
do
do
- do
do
do
do
do
General merchandise group 9
Dept stores excl mail order sales
Variety stores
Grocery stores
Lumber yards bldg materials dealers cfTire battery accessory dealers _
do
do
do
do
do
do
All retail stores, accounts receivable, end of yr. or mo. :
m
Total (unadjusted) t
il. $
Durable goods stores
do
Nondurable goods stores
-do
Charge accounts
do
Installment accounts
- do
Total (seasonally adjusted)!
Durable goods stores
Nondurable goods stores
Charge accounts
do
do
do
- do
Department stores:
Ratio of collections to accounts receivable:
Charge accounts
_ _ _ .percent. _
Installment accounts
do
Sales by type of payment:
Cash sales
percent of total sales
Charge account sales
do
Installment sales
do
' 1, 629
363
2,441
49
17
49
18
50
17
49
18
50
18
50
18
50
18
52
18
48
18
43
39
18
43
38
19
44
37
19
44
38
18
42
39
19
42
40
18
43
39
18
46
37
17
r I, 652
43
36
21
EMPLOYMENT AND POPULATION
POPULATION
Population, U.S. (incl. Alaska and Hawaii):
1 192. 12
Total in p.l, arrtifid forces overseas
mil
EMPLOYMENT
Noninstitutional population, est. number 14 years
of age and over, total, unadj
_mil._ 134. 14
1
194. 57
194. 57
194. 79
195. 01
195.24
195. 45
195. 64
195. 83
196. 00
196. 16
196. 34
196. 50
196. 67
196. 84
197. 02
136. 24
136. 25
136. 47
136. 67
136. 86
137. 04
137. 23
137. 39
137. 56
137. 74
137. 91
138. 10
138. 28
138. 44
138.65
thous. _
do
do_
do
do
76, 971
74, 233
70, 357
4,761
65, 596
78, 357
75, 635
72,179
4,585
67, 594
81, 150
78, 457
74, 854
5,626
69, 228
80, 163
77, 470
74, 212
5,136
69, 077
78,044
75, 321
72, 446
4,778
67, 668
78, 713
75, 953
73, 196
4,954
68, 242
78, 598
75, 803
72, 837
4,128
68,709
78,477
75, 636
72, 749
3,645
69, 103
77,409
74, 519
71,229
3,577
67, 652
77,632
74, 708
71, 551
3,612
67,939
78, 034
75, 060
72, 023
3,780
68, 244
78, 914
75, 906
73, 105
4,204
68, 900
79, 751
76, 706
73, 764
4,292
69, 472
82, 700
79, 601
75, 731
5, 187
70, 543
82, 771
79, 636
76, 411
5,010
71,402
82, 468
79, 290
76, 369
4,707
71, 662
Unemployed (all civilian workers)
do
Long-term (15 weeks and over)
do
Percent of civilian labor force
Not in labor force
thous__
Civilian labor force, seasonally adj ©
do
Employed, total
_
do
Agricultural employment
__ do
Nonagricultural employment
do
Unemployed (all civilian workers)
do
Long-term (15 weeks and over) .. do _
Rates: t
All civilian workers
Men, 20 years of age and over
Women, 20 years of age and over
Both sexes, 14-19 years of age
3,876
973
5.2
57, 172
3,456
755
4.6
57, 884
3,602
587
4.6
55, 102
76, 054
72, 618
4,639
67, 979
3,436
685
3,258
612
4.2
56,310
75, 772
72, 387
4,572
67, 815
3,385
717
2, 875
609
3.8
58, 626
75, 611
72, 297
4,418
67, 879
3,314
2, 757
588
3.6
58, 149
75, 846
72, 561
4,551
68, 010
3,285
3,290
678
4.4
59, 985
76,754
73, 715
4,429
69, 286
3,039
661
2,802
779
3.7
58, 994
76, 666
73, 799
4,482
69, 317
2,867
603
2,942
602
3.8
58,349
76, 268
73, 231
4,076
69, 155
3,037
536
3,870
466
4.9
55, 575
77, 086
73, 997
4,238
69, 759
3,089
476
2,921
385
3.7
56, 180
77, 371
74, 338
4,158
70, 180
3,033
579
3,037
749
4.0
59, 707
76, 341
73, 435
4,363
69, 072
2,906
588
3, 225
373
4.0
55, 673
77, 098
74, 072
4,144
69, 928
3,026
697
2,888
600
3.8
58,749,
76, 567
73, 441
4,486
68, 955
3,126
660
3,158
685
4.2
59, 930
76, 355
73, 521
4,442
69, 079
2,834
728
2,966
531
3.9
58, 445
76,111
72, 914
4,273
68,641
3,197
644
435
451
5.2
3.9
5.2
4.6
3.2
4.5
4.5
3.2
4.4
4.5
3.1
4.4
4.4
3.0
4.2
4.3
2.9
4.2
4.2
2.8
4.3
4.1
2.6
4.0
4.0
2.6
3.8
3.8
2.6
3.6
3.7
2.4
4.0
2.4
4.0
4.0
2.6
3.9
3.9
2.6
3.7
3.9
2.5
3.9
14.7
13.6
13.4
12.9
13.2
13.2
12.3
12.9
12.0
3.7
2.6
3.6
Total labor force, incl. armed forces
Civilian labor force, total
.
Employed, total
Agricultural employment
Nonagricultural employment
r
_
Revised.
1 As of July 1.
fSee corresponding note on p. S-ll.
9 Includes data not shown separately.
cf Comprises lumber yards, building materials dealers, and paint, plumbing, and electrical
stores.
10.9
11.7
3. 6
12.0
13.4
12.3
12.2
11.6
0 Effective with the Feb. 1966 SURVEY, data reflect revised seasonal factors; comparable
data for earlier periods appear in the Feb. 1966 BLS report, Employment and Earnings and
Monthly Report on the Labor Force, GPO, Wash., D.C. 20402.
H Unemployed in each group as percent of that group.
SURVEY OF CUEEENT BUSINESS
September 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
| 1965
Annual
S-13
1966
1965
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug. r
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees on payrolls (nonagricultural estab.):!
Total, unadjusted!
_ _ _
thous
Manufacturing establishments
Durable goods industries
Nondurable goods industries
_ _ _
Mining, total 9
_ __
Metal mining
Coal mining
_
_
Crude petroleum and natural gas
do
do
___do____
do_
do
do
_ _ do
'58,332 ' 60, 770 '61,046 '61,324 '61,863 '62,141 '62,392 '63,038 '61,439 '61,622 '62,243 '62,928 '63,465 '64,563 '64,293
18 473
10 727
7,746
18, 333
10, 707
7,626
18, 518
10,822
7,696
635
85
144
285
632
84
143
287
621
84
142
284
617
84
142
282
17, 274
9 816
7, 458
18, 032
10 386
7, 645
18, 067
10 424
7,643
18, 263
10 418
7,845
18, 477
10, 614
7,863
18, 461
10, 627
7,834
18, 496
10 693
7,803
634
80
147
291
632
84
142
288
644
84
138
296
644
86
139
294
631
84
135
287
633
83
143
284
64,580
18, 774
11, 039
7,735
18, 906
11, 130
7,776
19, 258
11,319
7,939
19, 136
11,206
7,930
19, 415
11, 267
8,148
620
84'
141
282
590
84
104
281
630
85
141
281
645
88
142
288
643
88
138
288
646
3, 635
4, 156
18, 651
10, 921
7,730
Contract construction
Transportation and public utilities 9
Railroad transportation
Local and interurban passenger transit
do
do
do
do
3,050
3,951
756
267
3,181
4,033
735
268
3,442
4,084
749
248
3,541
4,099
749
252
3,460
4,113
740
270
3,431
4,104
735
272
3,341
4,092
727
271
3,167
4,087
730
274
2,940
4, 026
715
274
2,818
4,035
708
273
2,981
4,056
708
273
3,156
4,077
712
269
3,277
4,115
715
268
3,521
4,180
728
255
3,615
4,170
731
247
Motor freight trans and storage
Air transportation
Telephone communication
Electric gas and sanitary services
do
do
do
do
919
213
706
615
963
230
735
625
984
232
753
639
983
233
754
644
999
235
743
635
1,004
237
740
627
1,000
239
742
623
992
242
743
626
953
241
743
625
961
245
746
623
970
247
751
625
974
251
758
627
990
254
762
628
1,026
260
778
644
1,031
215
792
653
12, 160
3,189
8,971
2,957
8,709
9,596
12, 683
3,317
9,366
3,019
9,098
10, 091
12, 685
3, 360
9,325
3,072
9,287
9,765
12, 679
3,372
9,307
3,075
9,271
9,752
12, 750
3,370
9,380
3,045
9,235
10, 152
12, 852
3,388
9,464
3,038
9,263
10, 359
13, 078
3,394
9,684
3,033
9,245
10, 472
13, 762
3,415
10, 347
3,034
9,245
10, 638
12, 835
3,371
9,464
3,018
9,176
10, 490
12, 738
3,367
9,371
3,024
9,250
10, 622
12,826
3,374
9,452
3,043
9,331
10, 735
13, 015
3,386
9,629
3,056
9,465
10, 795
13, 061
3,400
9,661
3,070
9,572
10, 834
13,239
3, 473
9,766
3,112
9, 702
10, 906
13, 221
3,505
9,716
3,147
9,777
10, 584
13, 214
3,515
9,699
3,147
9,758
10, 609
' 58, 332 ' 60, 770 '60,841 '61,021 '61,180 '61,437 '61,864 '62,241 '62,469 '62,811 '63,247 '63,350 '63,517 '63,983
17, 274
18, 032 18, 069 18, 129 18, 157 18, 242 18, 392 18, 492 18, 566 18, 722 18, 840 18, 923 19, 002 19, 167
9, 816
10, 386 10, 418 10,483 10, 508 10, 550 10, 641 10, 725 10, 805 10,911 11,007 11,065 11, 122 11, 220
243
249
253
232
228
230
245
257
226
226
234
238
244
232
633
623
608
611
642
633
609
628
604
610
607
618
638
626
448
456
431
433
451
451
458
428
446
406
429
429
437
442
646
643
632
649
647
641
626
630
614
627
624
635
648
642
1,295
1, 315
1,309
1,292
1,307
1,319
1,300
1,333
1,296
1,290
1, 233
1,309
1,284
1,280
64, 089
19,138
11, 201
258
623
458
643
1,338
64, 299
19, 287
11, 342
260
627
461
640
1,357
Wholesale and retail trade
Wholesale trade
_
Retail trade
_ _
Finance, insurance, and real estate
Services and miscellaneous
_
Government
Total seasonally adjusted!
Manufacturing establishments
Durable goods industries
Ordnance and accessories _
Lumber and wood products
Furniture and
fixtures
_ _ _
Stone, clay, and glass products
Primary metal industries
_do
do
do
do____
do
do
do
do
do
__do
do
do
do
_do
do
do
do
1,189
1,610
1, 544
1,268
1,726
1,658
1,276
1,740
1,660
1,274
1,741
1,671
1,279
1,751
1,684
1,287
1,758
1,708
1,304
1,779
1,727
1,310
1,7B6
1,751
1,322
1,797
1,773
1,332
1,810
1,805
1,344
1,818
1,824
1,345
1,827
1,860
1,341
1,846
1,877
1,348
1,865
1,904
1,346
1,886
1,908
1,355
1,896
1,942
Transportation equipment
do
Instruments and related products- do
Miscellaneous manufacturing ind--___do
1,604
370
398
1,738
387
421
1,741
390
416
1, 773
390
424
1,769
392
425
1,772
395
430
1,795
397
435
1,807
401
444
1,819
406
428
1,853
412
434
1,881
415
438
1,887
418
441
1, 901
424
443
1,915
428
443
1,871
429
441
1, 937
427
440
Fabricated metal products.
Machinery
Electrical equipment and supplies
7,811 7,833
7,858
7,880
7,945
7,646
7, 649
7,692
7,761
7,947
7,937
7,751
7,645
7,767
7, 651
7,458
Nondurable goods industries
do
1,762
1,759
1, 741
1,767
1,757
1,748
1,730
1,751
1,776
1,758
1, 760
1,769
1, 752
1,749
1,758
1,750
Food and kindred products
do
85
85
84
84
84
86
86
83
86
85
85
85
87
86
90
88
Tobacco manufactures. _ _
do
945
924
952
955
926
929
948
942
950
957
935
958
939
892
921
923
Textile mill products
do
1,384
1,386
1,412
1,404
1,396
1,351
1,359
1,365
1,356
1,424
1,354
1,370
1,395
1,302
1,381
1,347
Apparel and related products
do
661
665
677
646
662
664
641
644
674
657
679
654
626
644
650
640
Paper and allied products
do____
1,034
1,018
985
989
1,009
1,017
985
1,026
1,003 1,007
1,030
995
997
952
981
984
Printing, publishing, and allied ind__do
932
914
916
936
945
967
914
937
961
965
919
924
927
906
879
912
Chemicals and allied products _ _ do
187
181
183
182
181
182
182
182
186
182
182
183
182
184
182
183
Petroleum refining and related ind___do
496
474
506
508
521
479
500
475
486
494
515
518
492
436
472
472
Rubber and misc. plastics products. _ do
358
364
358
350
351
358
363
352
350
354
357
361
353
348
351
349
Leather and leather products
do
634
637
628
631
622
627
595
634
633
632
631
633
635
632
634
635
Mining
_
do
3,323
3,246
3,162
3,419
3,333
3,238
3,168
3,186
3,334
3,234
3,289
3,318
3,300
3,181
3,050
3,132
Contract construction
_ _ _ _ _ do
4,105
4,114
4,132
4,107
4,064
4,109
4, 050
4,071 4,080
4, 143
4,121
4,083 4,091
4,033 4,036
3,951
Transportation and public utilities
do
12, 683 12, 714 12, 717 12, 765 12, 809 12, 880 12, 941 13, 009 13, 045 13, 085 13, 128 13, 164 13, 217 13, 252 13, 254
12, 160
Wholesale and retail trade
do
3,051 3,064
3,076
3,036
3,041
3, 100
3,068
3,094
3,045
3,049
3,052
3,019
3,090
2,957
3,021 3,030
Finance, insurance, and real estate
do
9,410
9,633
9,152
9,226
9,463
9,484
9,515
9,549
9,604
9,180
9,282
9,329
9,363
9,098
8,709
Services and miscellaneous
do
9, 123
9,596
10, 091 10,111 10, 150 10, 188 10, 235 10, 320 10, 380 10, 435 10, 521 10, 630 10, 705 10, 762 10, 885 10,957 11, 039
Government
_
do
Production workers on mfg. payrolls, unadjusted:!
Total, unadjusted!
thous ' 12, 781 ' 13, 413 '13,398 '13,578 '13,811 '13,793 '13,811 '13,769 '13,617 '13,775 '13,878 '13,969 '14,074 '14,351 '14,183 14, 433
Seasonally adjusted
do
13, 436 13, 487 13, 503 13, 567 13, 706 13, 779 13, 833 13,967 14, 048 14, 100 14, 154 14, 281 14, 226 14, 350
8,319
7,692
8,038
8,113
8,277
7,896
7,908
7,959
8,207
7,942
8,419
8,278
7,980
7,702
7, 711
7,213
Durable goods industries, unadjusted. .do
7,776
8,261
8,414
7,794
8,190
8,226
7,825
7,905
8,296
7,973
8,033 8,123
8, 328
7,724
Seasonally adjusted
do
96
112
117
122
103
110
113
121
101
107
119
100
101
96
94
104
Ordnance and accessories
do
526
576
562
532
553
547
544
539
548
574
537
570
525
535
557
532
Lumber and wood products
do
387
359
366
367
371
373
364
371
367
366
375
368
380
356
353
337
Furniture and
fixtures
do
536
493
502
516
521
522
517
514
535
525
505
530
495
504
494
517
Stone, clay, and glass products.
do
1,064
1,107
1,034
1,085
1,102
1, 078
1,071
1,021
1,053
1,080
1,108
1,029
1,039
1,058
1,004
1,082
Primary metal industries
.._ _ _ _ do
446
456
473
500
448
480
432
434
439
468
487
490
477
502
458
1,046
1,053
1,026
1,032
985
1,005
1,024
1,024
1,061
1,036
1,011
1,042
1,019
982
914
980
Fabricated metal products
_ do
1,322
1,309
1,205
1,222
1,279
1,289
1,326
1,221
1,236
1,299
1,326
1,253
1,262
1,208
1,213
1,120
Machinery.
_ _
do
1,344
1,141
1,196
1,252
1,256
1,291
1,173
1,214
1,322
1,308
1,281
1,233
1,237
1,140
1,126
1,037
Electrical equipment and supplies. __do
1,234
1,352
1,365
1,142
1,287
1,338
1,286
1,268
1,355
1,363
1,310
1, 320
1,316
1,238
1,215
1,120
Transportation equipment 9
do
692
561
674
688
690
603
688
698
686
686
697
679
660
652
579
457
373
413
422
435
446
360
369
386
396
430
438
405
357
354
339
Aircraft and parts
do____
276
264
267
271
274
251
255
255
268
259
277
258
261
247
234
248
Instruments and related products
do
364
336
329
344
351
345
351
361
371
369
350
316
358
337
326
318
Miscellaneous mfg. industries
_
do
6,114
5,737
5,797
5,852
5,765
5,762
5,932
5,886
5,915
5,885
5,905
5,789
5,675
5,711
5, 687
5,569
Nondurable goods industries, unadj
do
5,936
5,844
5,709
5, 742
5,806
5,858
5,874
5,893
5,711
5,953
5,801
5,800
5,930
5,712
Seasonally adjusted
do
1,084
1,093
1,281
1,265
1,274
1,242
1,087
1,086
1,204
1,146
1,152
1,155
1,098
1,208
1,157
1,185
Food and kindred products
_do
62
78
66
89
89
78
70
64
63
62
80
79
72
75
65
78
Tobacco manufactures
do
858
834
836
832
837
836
842
846
850
862
848
839
823
830
818
798
Textile mill products
_
do
1,273
1,239
1,242
1,232
1,231
1,222
1,246
1,226
1,205
1,226
1,258
1,230
1,181
1,205
1,167
1,158
Apparel and related products _ _ _ do
532
506
507
504
508
509
514
515
511
507
510
530
528
498
489
500
Paper and allied products
do
658
633
636
638
646
624
638
640
645
653
652
622
628
633
602
620
Printing, publishing, and allied ind._do
585
546
553
561
554
546
547
568
550
548
570
580
580
545
529
551
Chemicals and allied products
do
119
114
112
110
116
111
110
114
112
115
110
112
117
118
116
114
Petroleum refining and related ind do
87
87
90
88
88
87
88
89
89
88
88
90
88
90
Petroleum refining
do
90
90
407
384
384
369
375
378
387
388
393
367
385
391
400
395
Rubber and misc. plastics products. _ d o _ _ _ _
336
360
322
316
308
312
313
315
312
315
311
311
318
309
310
308
306
Leather and leather products
do
306
forthcoming BLS Bulletin 1312-4, Employment and Earnings Statistics for the United States
' Revised.
? Preliminary.
1909-66 (Oct. 1966), to be available from the Superintendent of Documents, Government
! Beginning in the Sept. 1966 issue of the SURVEY, data for employment, hours, earnings,
Printing Office, Washington, D.C. 20i02.
and labor turnover reflect adjustment to Mar. 1965 benchmarks; they are not strictly com9 Includes data for industries not shown separately.
arable with previously published figures. Details of the adjustment appear in the BLS
ept. 1966 Employment and Earnings report; comparable earlier data will appear in the
E
SUEVEY OF CUREENT BUSINESS
S-14
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
| 1965
Annual
September 1966
1966
1965
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug. v
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Miscellaneous employment data:
Federal civilian employees (executive branch) :
United States
thous
Wash , D C., metropolitan area
do
2,317
244
2,347
251
2,375
258
2,376
256
2,341
251
2,352
251
2,371
253
i 2, 512
1254
2,375
251
2,400
252
2,429
255
2,462
256
2,482
258
2,560
274
2,604
277
Railroad employees (class I railroads) :©
Total
-_ -- do_
Index seasonally adjusted
1957-59~100
683
75.8
652
73.4
667
73.7
666
74.2
656
74.3
652
74.6
644
75.1
645
75.5
633
70.3
631
'70.6
*631
"71.3
"636
"71.8
j>639
*71.6
p651
P72.1
^654
P72.6
INDEXES OF WEEKLY PAYROLLSf
Construction (construction workers) f_ 1957-59 =100- _ r 132. 4
124.3
Manufacturing (production workers) f
do
Mining (production workers) t
do
93.1
' 144. 3 r 160. 8 ' 169. 1 ' 159. 5 ' 164. 1 '.150. 1 ' 145. 2 '131.4 r 125. 4 r 137. 9 ' 145. 1 ' 152. 6 ' 171. 1 ' 180. 0
149.0
148.8
152.5
145.3
143.8
146.8
136.3
136.6
141.3
135.5
144.3
142.9
140.8
141.8
87.4
102.5
106.5
104.8
96.5
97.7
97.0
97.5
98.8
101.0
100.0
98.0
97.7
99.8
180.2
151.5
106.0
HOURS AND EARNINGSf
Average weekly gross hours per production worker
on payrolls of nonagric. estab., unadjusted:!
All manufacturing estab., unadj.f
hours
Seasonally adjusted
- do
Average overtime
- do_.
Durable goods industries __
do_ __
Seasonally adjusted
do
Average overtime
_ _ _ do.
41.1
41.1
3.5
41.7
41.8
3.8
41.0
41.0
3.8
41.7
41.7
4.0
41.3
41.2
3.9
42.1
42.1
4.2
41.4
41.4
3.9
42.2
42.2
4.3
41.7
41.3
4.0
42.6
42.2
4.4
41.2
41.4
3.7
42.1
42.4
4.1
41.3
41.5
3.8
42.2
42.4
4.2
41.4
41.5
3.9
42.2
42.3
4.2
41.2
41.5
3.9
42.2
42.3
4.3
41.5
41.5
4.0
42.3
42.2
4.4
41.6
41.3
4.0
42.3
42.0
4.4
41.1
41.1
3.8
41.6
41.8
4.1
41.3
41.3
3.8
41.9
42.0
4.1
3.3
3.9
41.0
41.0
3.4
41.7
41.9
3.7
Ordnance and accessories
do_ _ _
Lumber and wood products
do
Furniture and fixtures
_
do_
Stone, clay, and glass products. _ _ _ __do_ .
Primary metal industries
do __
Blast furnaces, steel and rolling mills. _ do
40.5
40.4
41.2
41.7
41.8
41.1
41.9
40.8
41.5
42.0
42.1
41.0
42.2
40.8
41.0
42.3
42.4
42.0
42.0
41.4
42.0
42.5
41.8
41.0
41.9
41.0
41.7
42.3
41.7
39.9
42.5
41.4
42.2
42.3
40.9
38.2
42.4
40.8
42.0
42.3
40.7
37.8
43.0
41.2
42.7
42.2
41.4
38.5
42.7
40.9
41.0
41.6
41.9
40.1
42.3
40.4
41.2
41.4
42.0
40.3
41.9
40.6
41.5
42.1
42.1
40.6
42.1
41.1
40.9
42.1
42.3
41.2
42.3
41.7
41.4
42.3
42.4
41.2
42.2
41.2
41.8
42.5
42.4
41.3
42.2
40.9
40.6
42.1
41.7
41.0
42.6
41.4
41.9
42.6
41.9
Fabricated metal products
Machinery
Electrical equipment and supplies
do
do
do
41.7
42.4
40.5
42.1
43.1
41.0
41.7
42.8
40.3
42.1
42.5
40.7
41.9
42.8
40.8
42.5
43.3
41.2
42.4
43.4
41.4
42.6
44.2
42.0
42.0
43.7
41.3
42.2
44.0
41.4
42.2
44.1
41.2
42.1
43.8
41.1
42.6
44.1
41.3
42.7
44.1
41.3
41.9
43.2
40.5
- 42.4
43.4
40.8
Transportation equipment 9
IV^otor vehicles and equipment
Aircraft and parts
Instruments and related products
Miscellaneous mfg. industries
do
do
do. _
do
do
42.1
43.0
41.4
40.8
39.6
42.9
44.2
42.0
41.4
39.9
42.1
42.9
41.9
41.2
39.3
41.4
41.6
41.7
41.4
40.1
41.8
42.3
41.5
41.6
40.0
43.4
44.7
42.3
41.9
40.4
43.8
45.4
43.1
42.0
40.4
44.1
45.3
43.7
42.0
40.5
43.3
43.7
44.0
42.0
39.6
42.9
43.2
43.6
42.2
40.2
42.7
' 42.9
43.4
42.2
40.4
43.0
43.7
42.9
41.9
39.7
42.4
42.0
43.6
42.3.
40.1
42.5
42.3
43.4
42.2
40.1
41.9
41.4
43.2
41.5
39.2
41.4
43.5
42.0
40.1
39.7
40.1
2.9
41.0
38.8
41.0
35.9
42.8
38.5
41.6
41.8
41.4
41.3
37.9
3.2
41.1
37.9
41.8
36.4
43.1
38.6
41.9
42.2
41.8
42.0
38.2
40.2
40.0
3.1
41.9
37.6
41.3
36.5
43.1
38.4
41.6
42.8
41.8
41.7
38.6
40.3
40.2
40.0 ' 40.1
3.2
3.5
41.5
41.4
38.0
39.5
41.9
41.6
36.2
36.8
43.3
43.3
38.9
38.7
42.2
41.7
43.5
42.7
41.7
42.8
42.1
42.0
38.4
37.8
40.2
40.1
3.4
41.4
39.2
42.1
36.3
43.7
38.6
41.8
42.5
41.9
42.4
37.8
40.3
40.3
3.4
41.3
37.9
42.3
36.4
43.6
38.5
42.0
42.2
42.0
42.4
38.2
40.4
40.2
3.4
41.4
39.0
42.3
36.1
43.8
39.2
42.1
41.7
41.7
42.8
39.2
39.8
40.2
3.1
40.7
38.1
41.8
35.7
42.9
38.1
41.7
41.9
41.8
42.2
38.8
40.2
40.5
3.3
40.8
39.6
42.3
36.6
43.1
38.5
41.9
41.6
41.6
42.1
39.2
40.2
40.4
3.3
40.5
38.3
42.3
36.9
43.3
38.8
42.0
41.9
41.9
42.0
38.5
39.9
40.3
3.3
40.4
38.1
41.4
36.1
43.2
38.6
42.4
42.6
42.6
41.9
37.8
40.3
40.3
3.4
40.9
38.3
42.2
36.5
43.6
38.8
42.2
42.7
42.7
42.1
38.6
40.5
40.3
3.5
41.2
38.5
42.6
36.7
43.7
38.9
42.2
42.8
42.1
42.0
39.2
40.3
40.1
3.5
41.9
37.4
41.6
36.4
43.5
38.7
41.9
43.1
42.5
41.4
39.0
40.4
40.1
3.4
41.5
38.6
42.0
36.8
43.6
39.1
41.8
41.9
41.2
41.7
38.8
41.9
41.4
39.0
42.5
37.2
35.8
40.8
36.6
42.3
41.6
39.9
42.4
37.4
36.1
40.8
36.8
42.4
41.9
39.2
42.5
38.6
36.9
42.8
37.7
43.1
41.6
40.8
42.9
38.9
37.1
43.4
37.9
42.8
41.5
41.4
42.0
38.3
36.7
42.6
37.4
41.8
41.2
37.4
42.5
36.4
35.1
39.6
35.9
42.9
41.8
41.3
43.0
37.1
36.4
38.9
36.9
42.3
42.1
40.7
42.7
36.5
35.6
39.3
36.1
42.1
41.6
40.7
42.4
36.4
35.6
38.2
36.3
42.6
41.6
41.1
43.0
37.7
36.8
40.9
37.1
41.4
42.5
32.8
42.8
36.9
35.8
40.1
36.4
42.9
42.2
41.5
42.6
37.0
35.7
39.5
36.8
43.4
42.7
41.8
42.7
38.3
36.6
42.5
37.5
43.2
43.1
43.2
Nondurable goods industries, unadj. __do _
Seasonally adjusted
do
Average overtime
do
Food and kindred products
__
do
Tobacco manufactures
__do__
Textile mill products
do_ __
Apparel and related products
do
Paper and allied products
do
Printing, publishing, and allied ind
do
Chemicals and allied products
do
Petroleum refining and related ind_ _ _ do__
Petroleum refining
do
Rubber and misc plastics products
do
Leather and leather products
do _ _ .
Nonmanufacturing establishments: t
Mining 9
do
Metal mining
..-.
do_ ..
40.7
41.2
3.1
41.4
3.6
42.0
42.4
41.9
39.1
42.2
37.0
35.6
40.3
36.5
43.1
Crude petroleum and natural gas
do
38.5
39.0
Contract construction
do
37.2
General building contractors.
do___
43.5
Heavy construction. _ _
do__ _
38.2
Special trade contractors
do
Transportation and public utilities:
43.1
43.0
43.0
42.2
41.9
41.7
41.8
42.2
42.0
42.4
42.6
42.3
42.5
Local and suburban transportation
do
42.1
42.0
43.0
43.1
42.0
41.7
42.0
41.6
42.3
42.7
43.1
42.5
42.9
43.2
Motorfreighttransportationandstorage.do
43.2
41.9
42.5
41.3
40.7
40.3
40.1
39.9
40.3
40.6
42.0
40.5
40.6
40.9
40.4
41.3
Telephone communication
__do
40.4
40.2
42.0
41.2
41.2
41.1
41.0
41.6
41.6
41.5
41.3
41.7
41.8
41.4
41.2
Electric, gas, and sanitary services
do
41.7
41.2
37.9
38.0
37.3
36.9
36.9
36.9
37.0
37.1
38.4
37.4
37.1
37.7
38.3
37.5
Wholesale and retail trade do
37.7
37.9
40.9
41.1
40.7
40.7
40.6
40.7
40.8 . 40.7
41.2
41.0
40.9
40.8
40.8
40.8
40.9
Wholesale trade
do
40.6
36.9
36.9
36.2
35.6
35.7
35.7
35.9
35.8
36.2
36.6
35.9
37.5
37.4
36.6
36.5
Retail trade
do
37.0
Services and miscellaneous:
37.9
37.1
37.3
37.4
37.4
37.3
37.5
37.4
37.4
37.9
Hotels, tourist courts, and motels
do
38.9
H8.4
37.9
38.9
37.7
38.6
38.6
38.4
38.0
38.1
38.0
38.1
38.2
38.5
38.8
39.0
Laundries, cleaning and dyeing plants. _ _ do
38.8
38.6
38.6
38.7
Average weekly gross earnings per production
worker on payrolls of nonagric. estab. :f
107. 53 107. 01 106. 45 107. 83 109. 03 109. 71 110. 92 110. 00 110. 27 110. 95 111.24 112. 05 112. 74 111.38 111.10
All manufacturing establishments t
dollars. . 102. 97
Durable goods industries....
do
117. 18 116. 34 115. 51 117. 18 118. 72 119.43 120. 98 119. 99 120. 69 120. 69 121. 54 121. 82 121. 82 119.81 120. 25
112. 19
Ordnance and accessories .
do. __ 122. 72
131. 57 132. 51 131. 88 131. 99 134. 73 134. 41 138. 03 136. 21 134. 09 132. 82 133. 46 134. 51 134. 20 134. 20 136. 32
93.94 93.25 94.81
89.82
88.75 88.88 88.91 92.48 94.66
91.91 90.17
88.54 89.35 91.49
91.02
Lumber and wood products.
do
85.24
92.60
88.91
91.96
90.67
88.75
90.06
92.23 88.15 88.58
90.73 90.72
Furniture and
fixtures
do
87.98 86.51 89.46
89.66
84.46
Stone, clay, and glass products...
d o _ _ _ _ 105. 50
110. 04 110. 83 111. 35 112. 10 112. 94 112. 94 112. 25 110. 66 110. 54 112. 83 114. 09 114.63 115. 60 114. 51 116. 30
137. 85
Primary metal industries _
do
130.00
133. 88 135. 26 132. 51 133. 44 130.06 129. 43 132. 48 135. 34 136. 08 136. 83 138. 74 139. 07 139.50 137. 61
Fabricated metal products
...do
111.76
116.20 114. 68 115. 35 116. 48 118. 58 118. 72 119.71 118. 02 119. 00 119. 85 119. 99 121. 84 121.70 119.42 121. 26
80
Machinery..
_- _
do
121. 69
127. 58 125. 83 124. 95 127. 12 129. 47 130. 20 133. 48 132.41 133. 76 134. 95 134. 03 135. 83 135. 83 132. 19 132. 30
Electrical equipment and supplies _ do__
105. 78 103. 57 104. 60 105. 67 107. 12 107. 64 110. 04 107. 79 108. 05 107. 53 107. 68 108. 62 108. 62 106. 52 107.
101. 66
Transportation equipment.
do..
137. 71 133. 46 130.82 135. 01 141. 48 144. 54 145. 53 142. 46 140. 71 140. 06 141. 47 139. 07 140. 25 138. 27 135. 79
130. 09
Instruments and related products. ___.._ do
108. 47 107. 53 108. 05 108. 99 110. 20 110. 88 111.72 111.72 112.67 113. 10 112. 71 113. 79 113.94 111.64 112. 98
103. 63
86.63 88.22
88.62
89.28 87.74 88.62
88.84
86.46 87.48 87.52
Miscellaneous mfg. industries
do
85.39 84.10 85.01 85.20 86.46
82.37
r
more annual railway operating revenues). The index (back to 1963) has been adjusted for
Revised.
f Preliminary.
1
comparability, whereas the number of employees has not.
.
Includes Post Office employees hired for the Christmas season; there were about 140,000
t See corresponding note, bottom p. S-13.
9 Includes data for industries not shown
such employees in the United States in Dec. 1965.
separately.
© Effective Jan. 1965, data reflect change in definition of class I railroads (to $5 million or
SURVEY OF CURRENT BUSINESS
September 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
S-15
1966
1965
Annual
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug. '
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS-Continued
Average weekly gross earnings per production
worker on payrolls of nonagric. estab.f— Con.
All manufacturing establishments f— Continued
Nondurable goods industries
dollars ._
Food and kindred products. _
do
Tobacco manufactures
__
do
Textile mill products
do
Apparel and related products .
do
Paper and allied products
do
Printing, publishing, and allied ind__-_..do_ — .
Chemicals and allied products
do
Petroleum refining and related ind
do .._
Rubber and misc. plastics products
do
Leather and leather products
do
Nonmanufacturing establishments: f
Mining9
do
Metal mining
do
Coal mining
do
Crude petroleum and natural gas
do
Contract construction
do
General building contractors
do
Heavy construction
do
Special trade contractors
do
Transportation and public utilities:
Local and suburban transportation
do
Motorfreighttransportationandstorage.do
Telephone communication
do
Electric, gas, and sanitary services
do
Wholesale and retail trade
do
Wholesale trade
_
do
Retail trade .
do
Finance, insurance, and real estate:
Banking _
do
Insurance carriers
do
Services and miscellaneous:
Hotels, tourist courts, and motels
do
Laundries cleaning and dyeing plants do
Average hourly gross earnings per production
worker on payrolls of nonagric. estab.:'f
All manufacturing establishments f
... dollars _ _
Excluding overtimed1
do
Durable goods industries11
.do
Excluding overtimed
do
Ordnance and accessories
do
Lumber and wood products
do
Furniture and
fixtures
.
do
Stone, clay, and glass products
do
Primary metal industries
do
Blast furnaces, steel and rolling mills do
Fabricated metal products
do
Machinery.
do
Electrical equipment and supplies
do
Transportation equipment 9.do
Motor vehicles and equipment
do
Aircraft and parts..
do
Instruments and related products
do
Miscellaneous mfg. industries
_._-___do
Nondurable goods industries
do
Excluding overtimed1
.
do
Food and kindred products
do
Tobacco manufactures
do
Textile mill products
do
Apparel and related products
do
Paper and allied products
_
do
Printing, publishing, and allied ind
do
Chemicals and allied products
do
Petroleum refining and related ind.
do
Petroleum refining
do
Rubber and misc. plastics products., do
Leather and leather products
do
Nonmanufacturing establishments :f
Mining?
do
Metal mining __
do
Coalmining
do
Crude petroleum and natural gas
do
Contract construction.
do
General building contractors
do
Heavy construction ___
do
Special trade contractors
do
Transportation and public utilities:
Local and suburban transportation
do
Motor freighttransportationaridstorage.do
Telephone communication
___.do
Electric, gas, and sanitary services
do
Wholesale and retail trade - . _
do
Wholesale trade
do
Retail trade
do
Services and miscellaneous:
Hotels, tourist courts, and motels
do
Laundries, cleaning and dyeing plants... do
r
Revised.
* Preliminary.
t See corresponding note, bottom p. S-13.
98.74
96.96 ' 98. 33 '99.23
102. 21 '103.89 '104.24 '105.17
86. 02
86.94
88. 55
86.49
84.35
81.95
81.45
79.90
68.07
68. 26
68.63
67. 51
117. 50 119. 03 120. 18 120. 50
120. 82 122. 22 122. 54 121.91
124. 66 124. 49 125. 76 125. 70
145. 69 145. 61 145. 95 147.40
110. 62 111.57 111.30 110. 12
74.88
74.88
76.05
73. 33
98.58
102. 92
81.83
83.16
69.55
120. 77
123. 17
125. 40
141. 62
111.34
75. 27
132. 80
134. 93
153. 41
121.70
146. 69
135. 05
150. 45
153. 38
131.33
136. 63
145. 24
123. 27
149. 76
137. 64
154. 43
156. 62
132. 19
113. 52
133. 14
111. 63
135. 14
78.60
111.11
67.64
113. 52
137. 01
113. 15
134. 72
79.45
110. 70
69. 14
115. 51
136. 31
114. 40
139.44
81.32
112. 20
70.48
82.21
98.85
82.21
98. 69
81.18
99.06
82.88
99.80
52.13
59.82
52.36
60.04
52.97
61.44
52.68
62.15
53.82
•61. 76
2.67
2.56
2.86
2.72
3.17
2.20
2.15
2.67
3.24
3.54
2.82
3.04
2.61
3.28
3.38
3.26
2.67
2.21
2.41
2.31
2.49
2.22
1.92
1.88
2.70
3.11
2.94
3.38
3.56
2.64
1.92
2.68
2.56
2.86
2.72
3.17
2.19
2.17
2.68
3.25
3.56
2.84
3.06
2.61
3.28
3.37
3.26
2.68
2.21
2.41
2.32
2.51
2.21
1.92
1.88
2.71
3.12
2.92
3.38
3.57
2.63
1. 92
2.70
2.58
2.88
2.74
3.17
2.25
2.17
2.71
3.28
3.59
2.85
3.06
2.62
3.29
3.41
3.25
2.69
2.21
2.43
2.33
2.53
2.27
1.93
1.87
2.72
3.13
2.94
3.42
3.62
2.64
1.94
2.70
2.58
2.88
2. 74
3. 18
2.27
2.19
2.71
3.28
3.59
2.86
3.08
2.63
3.28
3.37
3. 29
2.69
2.21
2.44
2.34
2. 54
2.27
1.93
1.87
2.73
3.15
2.95
3.41
3.61
2.65
1.94
2.71
2.58
2.88
2.74
3.18
2.28
2.20
2.72
3.29
3.60
2.85
3.08
2.63
3.30
3.39
3.30
2.70
2.21
2.45
2.34
2.53
2.30
1.98
1.87
2.75
3.15
2.98
3.41
3.62
2.65
1.94
2.71
'2.58
2.88
2.74
3.18
2.28
2.19
2.72
3.30
3.62
2.85
3.06
2.63
3.30
3.39
3.29
2.69
2.21
2.45
2.35
2.51
2.30
1.97
1.87
2.77
3.15
3.00
3.42
3.63
2.66
1.92
2.99
3.14
3.49
2.84
3.79
3.63
3.39
4.05
3.00
3.14
3.50
2.84
3.82
3.66
3.44
4.06
2.99
3.12
3.49
2.83
3.80
3.65
3.41
4.05
2.94
3.15
3.40
2.86
3.81
3.68
3.44
4.07
3.05
3.14
3.67
2.86
3.83
3.70
3.47
4.10
3.06
3.16
3.67
2.85
3.83
3.69
3.54
4.09
3.04
3.17
2.86
3.84
3.70
3.55
4.10
2.60
3.10
2.76
3.25
2.09
2.66
1.88
2.61
3.13
2.78
3.26
2.10
2.68
1.88
2.61
3.14
2.77
3.25
2.11
2.69
1.88
2.65
3.16
2.77
3.26
2.12
2.72
1.89
2. 64
3.17
2.77
3.28
2.13
2.73
1.90
2.64
3.18
2.78
3.27
2. 13
2.72
1.91
2.68
3. 17
2.77
3.32
2.14
2.73
1.91
94.87
101. 40
82.72
77.64
66.43
114.65
117. 12
120. 22
139. 53
109. 25
71.80
95.11
95.68
r 99. 60 '100.60
77.90
78.21
79.19
78. 62
67. 34
67.33
115. 18 116. 48
118. 81 120. 59
120. 93 123. 65
138. 78 143. 12
110.30 110. 46
72.19
71.82
95.68
100. 19
77.22
79.99
67.52
117. 12
119. 66
122. 06
141. 10
112. 36
71.82
96.88
96.96
95.52 '96.88
96.32
100. 77 '102.26 '101.34 101. 59 '101.66
87.91 84. 64
82.68
82. 30
79.97
81.22
81.22
79.84
80.79
80.79
68.81
69.37
66.05
67.15
67. 70
116. 85 117. 82 115. 83 116. 37 117. 34
119. 74 121. 06
118. 97 122. 30 117.73
123. 06 123. 35 122. 18 123. 19 122. 64
143. 06 140. 95 141. 62 140. 61 141. 62
111.94 113. 42 111.41 111. 14 110. 46
75.26
73.92
74.11
72.96
74.87
123. 52
127. 30
137. 45
116. 18
138. 01
128. 16
137. 90
144. 99
122. 96
128. 21
134. 46
116. 03
140. 89
129. 15
143. 81
147. 41
125. 85
127. 71
141. 98
117. 12
143. 54
131. 33
148. 86
149. 33
124. 23
131. 57
135. 29
116.47
138. 75
128. 16
139. 44
146. 00
126. 26
130.31
143. 24
115. 92
144. 39
132.49
149. 53
149. 97
123. 73
128. 96
129. 78
118. 15
136. 50
126. 71
136. 22
143. 24
127. 41
131. 67
143. 31
119. 97
139. 87
132. 13
132. 65
148. 34
126. 48
132. 19
142. 04
121. 27
138. 34
129. 23
133. 23
146. 21
126. 30
130. 62
142. 45
120. 42
139. 05
130. 30
131. 41
147. 38
127. 37
129. 79
143. 44
121. 69
143. 26
134. 32
139. 47
150. 26
121. 72
133. 88
111.52
122. 41
140. 59
131. 74
137. 94
148. 15
130. 85
132. 51
152. 31
121. 84
141. 71
132. 09
137. 07
150. 88
104.16
124.02
105. 32
125. 25
74.28
102. 31
64.75
108. 20
130.48
109.08
131. 24
76. 53
106. 49
66.61
109. 39
131. 70
108. 40
130. 51
77.95
106. 60
68.25
110. 33
132. 62
108. 27
130. 60
77.75
106. 34
68.07
109. 56
133. 92
112. 75
133. 86
77.25
106. 90
67.16
110. 50
133.61
111. 66
134. 69
77.42
107. 57
67.33
109. 20
131. 75
115. 50
135. 43
77.17
108. 12
66.77
109. 30
132. 80
112. 59
134. 05
77.29
109. 59
67.71
108. 42
128. 96
110. 12
135. 20
77.54
108. 53
67. 49
109. 10
132. 40
112. 87
135. 62
77.70
109. 08
67.30
109. 36
131. 88
111.63
133. 25
77.86
109. 48
67. 12
111. 83
131. 36
111. 08
133. 99
78. 23
110. 43
67.47
76. 67
92. 01
79.24
95.86
79.24
96.49
79.24
96.23
79.18
95.98
80.35
96.61
80.35
96.87
80. 35
97.61
82.28
98.21
81.47
99.22
81.84
98.85
49.54
55. 73
51.17
58.98
52.13
59.28
51.74
58.67
51.65
59.06
52.30
60.14
51.99
58.83
52.73
59.68
52.36
59. 44
52. 59
58.90
2.53
2.44
2.71
2.60
3.03
2.11
2.05
2.53
3.11
3.41
2.68
2.87
2.51
3.09
3.21
3.02
2.54
2.08
2.29
2.21
2.37
1.95
1.79
1.79
2.56
2.97
2.80
3.20
3.37
2.54
1.82
2.61
2.50
2.79
2.67
3.14
2.17
2.12
2.62
3.18
3.46
2.76
2.96
2.58
3.21
3.34
3.14
2.62
2. 14
2.36
2.27
2.43
2.09
1.87
1.83
2.65
3.06
2.89
3.28
3.47
2.61
1.88
2.61
'2. .51
2.79
2. 67
3.14
2.19
2.11
2.62
3.19
3.47
2.75
2.94
2.57
3.17
3.29
3.12
2.61
2.14
2.36
2.28
2.42
2.20
1.88
1.82
2.66
3.05
2.89
3.26
3.45
2.62
1.86
2.59
2.49
2.77
2.65
3.14
2.21
2.13
2.62
3.17
3.43
2.74
2.94
2.57
3.16
3.28
3.13
2.61
2.12
2.36
2.27
2.40
2.05
1.89.
1.83
2.66
3.07
2.90
3.25
3.43
2.62
1.88
2.63
2.51
2.81
2.68
3.15
2.22
2.15
2.65
3.20
3.49
2.78
2.97
2.59
3.23
3.36
3.15
2.62
2.13
2.38
2.29
2.43
1.98
1.89
1.86
2.69
3. 10
2.93
3.29
3.48
2.63
1.90
2.64
2.52
2.82
2.68
3.17
2.22
2.15
2.67
3.18
3.47
2.79
2.99
2.60
3.26
3.39
3.18
2.63
2.14
2.38
2.28
2.42
1.97
1.90
1.86
2.68
3.10
2.92
3.32
3.52
2.65
1.90
2.65
2.53
2.83
2.69
3.17
2.21
2.16
2.67
3.18
3.47
2.80
3.00
2.60
3.30
3.44
3.21
2.64
2.14
2.39
2.29
2.44
2.11
1.91
1.86
2.68
3.09
2.93
3.39
3.59
2.64
1.91
2.66
2.54
2.84
2.70
3.21
2.18
2.16
2.66
3.20
3.50
2.81
3.02
2.62
3.30
3.43
3.24
2.66
2.16
2.40
2.31
2.47
2.12
1.91
1.86
2.69
3.12
2.93
3.38
3.57
2.65
1.91
2.67
'2.56
2.85
2.72
3.19
2.17
2.15
2.66
3.23
3.53
2.81
3.03
2.61
3.29
3.39
3.25
2.66
2.21
2.40
2.31
2.49
2.16
1.91
1.85
2.70
3.09
2.93
3.38
3.55
2.64
1.91
2.81
2.96
3.26
2.65
3.55
3.43
3.23
3.78
2.92
3.06
3.45
2.74
3.69
3.55
3.38
3.94
2.90
3.06
3.43
2.73
3.65
3.50
3. 36
3.91
2.92
3.07
3.48
2.73
3.69
3.54
3.43
3.94
2.93
3.14
3.46
2.76
3.75
3.60
3.46
4.00
2.95
3.14
3.46
2.76
3.77
3.61
3.51
4.01
2.96
3.13
3.47
2.78
3.75
3.61
3.44
3.99
2.97
3.15
3.47
2.79
3.77
3.63
3.41
4.02
2.48
2.96
2.62
3.04
1.96
2.52
1.75
2.57
3.07
2.70
3.17
2.03
2.61
1.82
2.58
3.07
2.67
3.16
2.03
2.60
1.82
2.59
3.07
2.68
3.17
2.03
2.60
1.82
2.59
3.10
2.73
3.21
2.06
2.62
1.84
2.60
3.10
2.73
3.23
2.07
2.63
1.86
2.60
3.10
2.75
3.24
2.08
2.65
1.86
2.59
3.11
2.78
3.23
2.05
2.66
1.85
1.29
1.44
1.35
1.52
1. 34
1.52
1.33
1.52
1.37
1.53
1.42
1.42
1.42
1.41
1.41
1.38
1.39
1.40
1.39
1.40
1.60
1.61
1.60
1.54
1.56
1.57
1.58
1.55
1.55
1.55
cfD erived b y assumi ng that overtime hours a re paid at the nite of tinne and o ne-half.
9 In eludes d ata for in lustries rlot showii separately.
90.91
97.17
75.66
73.39
64. 26
109.57
114. 35
116. 48
133. 76
104. 90
68.98
94. 64
99.87
79.21
78.17
66.61
114. 22
118.12
121. 09
138.42
109. 62
71.82
117.
122.
126.
112.
132.
122.
131.
138.
74
54
88
63
06
79
78
35
r
149. 00
80. 35
111.25
70.11
2.69
2.57
2.87
2.74
3.20
2.29
2.21
2.73
3.29
2.86
3.06
2.63
3.28
3.30
2.69
2.20
2.44
2.34
2.48
2.12
1.98
1.89
2.77
3.15
3.00
3.38
3.58
2.67
1.94
3.06
3.87
2.12
2.72
1.90
SURVEY OF CURRENT BUSINESS
S-16
1965
Unless otherwise stated, statistics through 1964 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
Annual
September 1966
1965
July
Aug.
Sept.
1966
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
May
Apr.
June
July
Aug.
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Miscellaneous wages:
Construction wages, 20 cities (ENR): §
3.242
Common labor
$perhr__
3.415
4.733
4.951
Skilled labor
do
1.08 1 1.14
Farm without board or rm 1st of mo
do
2.850 r 3. 008
Railroad wages (average, class I)
do
LABOR CONDITIONS
123
Help-wanted advertising, seas, ad j— 1957-59 =100__
155
Labor turnover in manufacturing estab.: f
4.0
Accession rate, total mo. rate per 100 employees. _
4.3
Seasonally adjusted
do
2.6
3.1
New hires
- do
3.9
Separation rate, total
do
'4.1
Seasonally adjusted
do
1.5
1.9
Quit
__do
1.7
1.4
Layoff
- do__
Seasonally adjusted
_
-do
Industrial disputes (strikes and lockouts) :
Beginning in period:
3,963
Work stoppages
.
_ .number __
3,655
1 550
1 640
Workers involved
thous
In effect during month:
Work stoppages
_ _ _ number
AVorkers involved
thous
23 300
Man-days idle during period
do_
22 900
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
6,281
6,473
Nonfarm placements
thous
Unemployment insurance programs:
1 725
1 419
Insured unemployment all programs©
do
State programs:
13, 938
12,047
Initial claims
- do.
1 605
Insured unemployment weekly avg do
1 328
Percent of covered employments
3.0
3.8
Unadjusted
-«
Seasonally adjusted
1 373
1 131
Beneficiaries weekly average
thous
2,522
2 166
Benefits paid
mil. $
Federal employees, insured unemployment,
30
25
weekly average.
.
thous
Veterans' program (UCX):
335
266
Initial claims
do
51
36
34
48
Beneficiaries weekly average
do
90.2
67.5
Benefits paid
mil. $
Railroad program:
155
138
Applications
thous
30
38
Insured unemployment weekly avg do
78 4
60 5
Benefits paid
mil $
3.453
4. 992
1.17
3. 000
3.482
5.002
3.486
5.029
2.994
3.009
3.486
5.056
1.09
3.014
3.486
5.041
3.495
5.055
3.017
2 995
145
152
160
168
4.5
4.1
32
4.3
4.0
1.8
1.8
1.6
5.4
'4.3
3.9
5.1
2.6
1.6
'1.5
5.5
4.5
4.0
5.7
44
3.5
1.3
'1.4
4.5
4.5
3.5
4.4
4.1
2.2
1.4
1.3
3.9
'4 9
2.9
3.9
r
40
1.7
1.5
1.3
416
156
388
109
345
155
321
101
702
334
3 670
685
229
2 230
631
250
2 110
570
209
1,770
r4 2
181 1
3.496
5.064
1 24
3 090
3.520
5.087
3.520
5.097
3.533
5.108
1 28
3.567
5.141
3.644
5 213
3 134
3.678
5.238
1 26
3.693
5 273
P189
186
184
191
201
189
185
184
186
3.1
4. 8
2.2
'4.1
'4 3
1.4
'1.9
'1.4
4.6
49
3.2
4.0
r
41
1.9
1.3
r
1.2
4.2
"•4.9
3.1
3.6
'i.2
4.9
52
37
4.1
46
23
10
'1. 2
4.6
48
3.6
4.3
47
2.5
1.0
1.2
5.1
' 5.1
'4.1
4.3 4.7
2.5
.9
1.1
'6.7
r
53
'5 6
r
4. 4
r
49
r
25
r
1.0
r
1.3
p4.9
i>4 4
*>3. 9
»4. 7
P4 4
•p 2. 5
Pl.4
pl.2
289
140
158
24
205
101
240
107
310
198
350
228
480
208
430
150
420
235
505
192
1 380
371
76
907
335
127
1 000
380
142
865
450
236
1 350
500
379
2,450
640
294
2,870
660
243
1,950
660
299
2,980
r
r4 4
1.8
1.0
554
603
644
611
531
462
452
460
547
533
568
622
549
1 210
1 178
1 030
982
1,104
1,386
1 736
1,678
1 381
1,112
916
841
1,001
976
1,078
1 139 1 120
760
981
791
933
1,004
1,042
1,285
1,308
1,399
1 644
985
1,590
769
1 301
693
1 044
665
862
690
793
1,019
947
3.0
2.7
990
172. 1
3.7
2.7
1 330
212.7
3.6
2.6
1,413
217.2
29
2.3
1 272
225 5
2.3
2.1
931
155.5
1.9
2.1
806
126.1
1.8
2.1
702
114.4
2.1
2.4
719
113. 8
2.6
3.0
932
149.5
2.5
3.1
901
148 0
2.2
2.9
834
138.6
2.0
2.7
745
117.8
2.3
2.7
794
132.2
22
21
19
20
21
23
29
29
26
21
18
18
19
26
33
27
4.5
25
33 /
31
5.2
19
28
27
4.6
16
24
23
3.7
18
25
21
3.7
20
29
24
4.3
20
32
30
4.8
18
31
30
4.6
17
27
26
4.6
13
22
21
3.6
12
18
18
2.9
14
17
16
2.9
17
19
14
2.4
30
24
35
10
22
38
11
24
3.7
7
22
3.6
9
25
38
14
28
46
11
'30
51
4
28
4.1
5
26
5.2
r
6
23
3.6
42
18
3.8
25
15
2.9
16
3,392
9,017
1,903
7,114
3,332 3,313
9,910 10,275
1,834
1,828
8,076 ' 8,447
4,328
1,113
2,766
T
FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers' acceptances
mil. ?
Commercial and finance co. paper, total
do..
Placed through dealers
do_.
Placed directly (finance paper)
do_.
3,385
8,361
2,223
6,138
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total, end of period
mil. $_.
Farm mortgage loans:
Federal land banks
do
Loans to cooperatives
do
Other loans and discounts
do
3,718
958
2,428
4,281
1,055
2,745
Bank debits to demand deposit accounts, except
interbank and U.S. Government accounts,
annual rates, seasonally adjusted:
Total (225 SMSA's)O
bil. $_.
New York SMSA
do___.
Total 224 SMSA's (except N.Y.)__
do___.
6 other leading SMSA's!
do___.
218 other SMSA's—•
do
4,621.4
1,925. 3
2, 696.1
1, 0 0 8
3.
1,665.3
3,337
10, 439
2,046
8,393
3,299
10,358
2,117
8,241
3,314
9,692
2,194
7,498
3,310
10, 554
2,250
8,304
3,245
10,406
2,205
8,201
7,988
8,040
8,013
8,007
8,022
4,097
935
2,956
4,135
944
2,962
4,171
940
2,902
4,204
1,009
2, 794
4,245
1,082
2,696
4,281
1,055
2,745
5,135. 9
2,138. 5
2,997. 4
1,140. 9
1,856. 5
5,302.6
2,281.6
3,021.0
1,149. 5
1,871.5
5,146.8
2,128.0
3,018.8
1,141.0
1,877.8
5,126.9
2,104.3
3,022.6
1,142.9
1,879. 7
5,129.9
2,061.0
3,068.9
1,165.4
1,903. 5
5,408.3
2,229.4
"i, 178.9
1,215.0
1,963.9
5, 523.1
2,273.5
3, 249.6
1, 234. 5
2,015.1
3,392
9,017
1,903
7,114
7,104
3,420 3,369
3,418
3,388 3,464
10,649 11,142 11,335 10,675 12,094
2,090 2.361
2,113
2,066 2,253
' 9,222 ' 8, 585 9,733
' 8, 583
8,570
8,788
8,946
9,145
4,385
1,145
2,837
4,477
1,137
2,956
4,553
1,148
3,087
4,647
1,106
3,193
4,725
1,105
3,315
5,509. 6 5,605.6
2,311.5 2,341.7
3,198.1 3,263.9
1,218.4 1, 251. 2
1,979.7 2,012.7
5,811. 7
2,414. 6
3,397.1
1,336. 6
2,060. 5
5,934.1
2, 544. 0
3,390.1
1,304. 2
2, 085.9
8,206
5, 7 7 5 5,868.8
9.
2, 4 9 4 2,491. 7
4.
3, 348.1 3,377.1
1,311.3 1,314.7
2,036. 8 2, 062.4
4,788
1,167
3,396
5,989.1
2,480.6
3, 508. 5
1,366.1
2,142. 4
Federal Reserve banks, condition, end of period:
';s, total?
—mil.;
62, 868
65,371
61, 914
61,429
63, 384
63,504
64,050
65,371
64,246
63,794
64,124
65,452
64, 797
66, 520
67, 574
66,342
Reserve bank credit outstanding, total 9 _.do_.
Discounts and advances.
do..
U.S. Government securities
do..
Gold certificate reserves
do..
39, 930
186
37, 044
15, 075
43,340 41,166
536
137
40,768 39, 207
13,436 13, 591
40,619
237
39,049
13, 596
41, 704
174
39, 774
13, 587
41,905
510
39,657
13, 582
42,789
365
40,575
13,512
43,340 43,085
137
239
40,768 40, 565
13,436 13,436
42,717
315
40,189
13,432
42, 840
327
40, 734
13, 204
43,285
452
40, 713
13,190
43,940
441
41,480
13,092
44, 656
292
42,169
12,993
45, 816
877
42,380
12, 890
44,437
386
42, 518
12, 788
do_.
62, 868
65,371
61,914
61,429
63,384
64,050
65,371
64, 246
63,794
64,124
65, 452
64, 797
66, 520
67, 574
do
_do
do
19, 456
18, 086
35,343
1 . 620
9,
18,447
37, 950
19,304
18, 008
35, 796
18, 645
17,191
36, 021
19, 591
18,149
36,319
19, 612
18, 204
36, 628
19,163
18,050
37,408
19,620
18,447
37,950
20, 098
18,751
37,337
19, 205
18, 014
37,322
19, 233
18, 000
37,432
19,841
18,736
37, 536
19,673
18,119
37,880
20,083
18, 567
38, 258
21,354
19,155
38, 583
19, 591
17,399
38, 660
42.7
35.4
38.0
37.7
37.4
37.1
36.1
35.4
36.0
36.0
35.1
34. e
34.0
33.4
33.1
Liabilities, total 9
Deposits, total
Member-bank reserve balances
Federal Reserve notes in circulation
Ratio of gold certificate reserves to FR note
liabilities
percent..
r
l
Revised.
p Preliminary.
Includes adjustments not distributed by months.
§Wages as of Sept. 1,1966: Common labor, $3.703; skilled labor, $5.294.
t See corresponding note, bottom of p. S-13.
© Excludes persons under extended duration provisions.
cf Insured unemployment as % of average covered employment in a 12-month period.
O Total SMSA's include some cities and counties not designated as SMSA's.
f Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland, and Los
Angeles-Long Beach.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
September 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
End of year
S-17
1966
1965
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
22, 528
22, 170
358
626
-268
22, 487
22, 117
370
722
-352
22, 534 '23,090
22, 212 '22,886
'404
322
674 r 766
-362
-352
July
Aug.
FINANCE—Continued
BANKING- Continued
All member banks of Federal Reserve System,
averages of daily figures:
Reserves held, total
mil. $ 1 21,609 1 22 719 21, 863
1
21, 198 1 22, 267 21,513
Required
.
do
Mil
Excess
____
do
350
M52
Borrowings from Federal Reserve banks do
1243
524
»454
1
Free reserves
_.
do
U68
—2
—174
Weekly reporting member banks of Fed. Res. System, condition, Wed. nearest end of yr. or mo.:
Deposits:
Demand, adjustedcf
mil $
68, 045
69 723 64 171
Demand, total 9
do
102, 574 103 507 94 572
Individuals, partnerships, and corp
do
73, 654
75, 269 68, 096
State and local Governments. .
__ do _
5,239
5 355
4,900
U.S. Government
do
4,563
5, 022
3, 866
Domestic commercial banks
do
12, 539
12, 429 10, 861
Time, total 9
do
66,881
78 260 74 764
Individuals, partnerships, and corp.:
Savings... _ _
_ _
_ do
40, 698
45, 362 43, 433
Other time
do
16, 407
21, 258 20,542
102, 227 117, 165 108, 548
Loans (adjusted) , totalc?
do
Commercial and industrial
do
42, 119
50, 629 46, 282
For purchasing or carrying securities
do
6,677
5,712
6 420
9,032
To nonbank financial institutions
_ do
9,484
10, 919
Real estate loans.
_
._ __ _ _ _ d o
20, 008
22, 540 21,367
Other loans
do
29, 156
32 068 30, 224
Investments, total
do
48, 783
48 299 47, 244
U.S. Government securities, total
do
27, 679
24, 252 23, 667
Notes and bonds. _ __
do
21, 979
19 502 20, 677
Other securities..
._ do _
21, 104
24, 047 23, 577
Commercial bank credit (last Wed. of mo. , except
for June 30 and Dec. 31 call dates) „ seas. adj.:t
Total loans and investments©
bil. $
283.2
273.9
301 8
LoansO
_ do
182.9
172.1
197.4
U.S. Government securities
do
57.9
63.0
59.5
Other securities
do
38 8
42 4
44 9
Money and interest rates: §
Bank rates on short-term business loans:
In 19 cities
percent
New York City
do
7 other northern and eastern cities
do
11 southern and western cities
do
3 4 99
34.75
35.02
35 30
Discount rate (N.Y.F.R. Bank), end of year or
month
.... percent..
4.00
Federal intermediate credit bank loans _do
34.70
35.45
Federal land bank loans
do
Home mortgage rates (conventional 1st mortgages):
New home purchase (U.S. avg.).._
percent-- 35.78
Existing home purchase (U.S. avg.)
do
35.93
Open market rates, New York City:
4
Bankers' acceptances (prime, 90 days) _do
3. 77
Commercial paper (prime, 4-6 months)__do
43.97
Finance Co. paper placed directly, 3 -6 mo. do.... 43.83
Stock Exchange call loans, going rate
do
44.50
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent _. < 3. 549
3-5 year issues _..
'.
do
44.06
21 617
21, 187
430
564
—134
21, 740
21,356
384
528
—144
22, 719
22, 267
452
454
-2
22, 750
22, 392
358
402
-44
22, 233
21, 862
371
478
-107
22, 160
21, 855
305
551
-246
63 505
96 101
68, 189
5, 105
3,914
12, 566
75 896
64 133 65 012 66, 175 69, 723
97 048 100 028 101, 204 103. 507
68, 280 71,348 72, 127 75, 269
5,572
5,429
5,355
4,940
2,442
3,789
5, 591
3,866
12, 075 13, 692 12,977 12, 429
76 276 77 170 77, 662 78,260
68,220
99,647
72,415
5,532
3,153
11,982
78, 868
65, 231
99, 182
71,371
5,531
3,147
12, 619
79, 600
66, 292 67, 921 65, 631
97, 162 101,082 102, 618
70,313 73, 303 71, 772
5,469
5,651
6, 030
3,983
3,223
4,700
11, 512 11,807 12, 727
81, 001 81, 813 '82, 695
21 958
21, 614
344
490
—146
21, 958
21,589
369
452
-83
43, 827 44, 319 44, 805 45, 094 45, 362 45, 015
20, 990 21, 003 21, 342 21, 511 21, 258 22, 259
111,071 111,755 112, 727 114, 741 117, 165 116, 025
46, 987 48, 117 48, 778 49, 167 50,629 50,462
6,429
6,482
6 224
5,587
6,420
5,453
10, 289 10,154 10,058 10, 319 10, 919 10,349
22,638
21, 739 22, 012 22, 231 22, 425 22, 540
30 113 30, 553 30 585 31, 245 32, 068 31,444
47 086 47 023 47 769 47, 790 48 299 47, 557
22, 992 22,830 23, 991 24, 119 24,252 23,942
20, 322 20, 202 19, 948 19, 550 19, 502 18, 957
24, 094 24, 193 23, 778 23, 671 24, 047 23, 615
286.1
185.2
57.7
43 1
286.2
186.2
56.5
43 4
289.9
188.6
57.4
43 9
291.5
189.8
57.5
44.2
297.4
194.5
58.0
44.9
s 71,286 70, 654 71, 221
5108,899 105, 515 104, 509
s 75,830 75, 920 76, 597
5 6,161
5,986
5,738
4,308
5 7,764
3,177
s 11,858 12, 271 12,058
5 90,185 91,018 91, 254
45,064 45,111 43, 377 43, 093 s 48,413 47, 386 47, 228
22,961 24, 160 26,040 27, 133 s 28,687 30,625 30, 859
116,939 118,410 119,494 121, 725 5132,901 132,381 131,237
51,315 52,640 52,495 53,839 5 58,246 59,008 58,252
6, 035
6,784 s 6,972
6,139
6,666
6,249
6,496
10,419 10, 618 10, 789 10,924 5 11,935 11, 349 10, 454
5
22, 730 22,867 23, 041 23,260 5 26,662 26, 868 27, 136
31, 124 32, 019 31, 757 32, 786 35,184 34, 522 35, 258
46, 220 45, 252 46, 371 45, 368 5 50,296 49, 791 50, 874
22, 418 21,474 21, 849 20,704 s 22,482 22, 287 23, 474
18, 296 17, 945 18,064 17,469 5 19,617 19, 593 19, 248
23,802 23, 778 24, 522 24, 664 5 27,814 27, 504 27, 400
297. 5
196.2
55.9
45.4
300.3
198.6
56.0
45.7
302.7
200.7
55.8
46.2
304.3
202.0
55.0
47.2
5.55
5.41
5.58
5.70
5 27
5.08
5.32
6.46
5.00
4.76
5.03
5 31
3 5 06
3 4 83
35.09
3 5 34
294. 4
192.0
57.7
44.8
22, 651
22, 321
330
728
-398
2 305. 4
2 203. 7
54.5
47.1
308.2
205.9
54.1
48.2
309.8
206.1
55.9
47.8
5.82
5.65
5.86
6.00
4.50
34.94
3 5 43
4.00
4.98
5.43
4.00
4.98
5.43
4.00
5.02
5.43
4.00
5.01
5.43
4.00
5.02
5.43
4.50
5.04
5.43
4.50
5.22
5.43
4.50
5.35
5.43
4.50
5.40
5.48
4.50
5.53
5.49
4.50
5.65
5.52
4.50
5.68
5.60
4.50
5.91
5.93
4.50
35.76
3 5.89
5.77
5.86
5.76
5.86
5.75
5.89
5.75
5.87
5.80
5.91
5.78
5.91
5.81
5.97
6.85
5.97
5.90
6.01
5.99
6.09
6.02
6.16
6.07
6.18
6.12
6.24
6.18
6.35
44.22
44.38
44.27
44.69
4.22
4.38
4.25
4.75
4.14
4.38
4.25
4.75
4.25
4.38
4.25
4.75
4.25
4.38
4.32
4.75
4.25
4.38
4.38
4.75
4.55
4.65
4.60
4.97
4.75
4.82
4.82
5.07
4.86
4.88
4.88
5.25
4.96
5.21
5.02
5.41
5.00
5.38
5. 25
5.50
5.18
5.39
5.38
5.50
5.39
5.51
5.39
5.52
5.58
5.63
5.51
6.00
5.67
5.85
5.63
6.12
43.954
44.22
3.831
4.10
3.836
4.19
3.912
4.24
4.032
4.33
4.082
4.46
4.362
4.77
4.596
4.89
4.670
5.02
4.626
4.94
4.611
4.86
4. 642
4.94
4.539
5.01
4.855
5.22
4.932
5.58
28, 260
390
30, 312
309
29, 380
338
29, 498
332
29, 785
327
29, 845
321
30, 001
317
30, 312
314
30,442
303
30, 574
299
30, 797
292
30,496
277
30, 581
230
30, 716
192
30, 868
182
169
mil. $
do
do
do
do
do
78, 442
60 548
25 195
15 593
3 532
16 228
87, 884
68 565
28 843
17 693
3 675
18 354
82, 539
64 704
27 779
15, 818
3 604
17, 503
83, 319
65 508
28 111
15, 996
3 648
17, 753
83, 801
65 979
28 175
16, 229
3 664
17, 911
84, 465
66 511
28 393
16 492
3 676
17, 950
85, 291
67 168
28, 612
16, 797
3,689
18, 070
87, 884
68 565
28 843
17, 693
3 675
18, 354
87, 027
68, 314
28, 789
17, 566
3,634
18, 325
86, 565
68, 279
28, 894
17, 386
3,603
18, 396
87, 059
68, 827
29, 248
17, 450
3,597
18, 532
88, 184
69,543
29,597
17, 597
3,602
18, 747
89, 092
70, 209
29, 908
17, 732
3,642
18, 927
90, 070
71 194
30, 402
17, 959
3, 677
19, 156
90,650
71, 862
30, 680
18, 165
3,711
19, 306
do
do
do
do
do
do
53 141
25 094
14 762
6,458
5 078
1,749
7 407
3 922
1 152
370
1 963
17 894
6 954
5 950
1.004
60 273
29 173
16 138
7,512
5 606
1 844
8,292
4 488
1 235
447
2 122
19 319
7 682
6 587
1.095
57, 537 58 296
27 705 28 107
15, 565 15, 721
7,124
7,235
5,334
5,387
1,809
1,846
7,212
7,167
3 811
3 847
1 103
1,090
425
431
1 841 1 831
17,835 17, 811
7,539
7,575
6,476
6,497
1.063
1.078
58, 703
28 343
15, 802
7,310
5, 410
1,838
7, 276
3 910
1,117
433
1 816
17, 822
7,600
6,520
1.080
59 105
28 618
15, 876
7,363
5 422
1,826
7,406
3 979
1 138
438
1 851
17, 954
7 624
6,546
1.078
59, 567
28 855
15, 963
7,436
5, 465
1,848
7,601
4 101
1,167
443
1 890
18, 123
7,648
6,555
1.093
60, 273
29 173
16, 138
7,512
5,606
1,844
8,292
4 488
1 235
447
2 122
19,319
7,682
6,587
1.095
60, 202
29, 201
16, 106
7,447
5,598
1,850
8,112
4,419
1,208
448
2 037
18, 713
7,666
6,574
1.092
60, 331
29, 312
16, 072
7,473
5,621
1,853
7,948
60, 863
29, 684
16, 106
7,593
5,630
1,850
7,964
61, 539
30, 127
16, 191
7,711
5,670
1,840
8,004
62, 178
30, 507
16, 263
7,839
5,695
1,874
8,031
63, 097
31 013
16, 454
8,009
5, 742
1, 879
8,097
63, 745
31,398
16, 585
8,093
5,791
1,878
8,117
451
459
466
472
480
485
18, 286
7, 731
6,630
1.101
18, 232
7,795
6,676
1,119
18,641
7,836
6,717
1.119
18, 883
7,925
6,784
1,141
18, 876
7,901
6,767
1. 134
18, 788
7,844
6,720
1,124
Savings deposits, balance to credit of depositors:
N.Y. State savings banks, end of period
mil. $
U.S. postal savings 1
do
CONSUMER CREDIT*
(Short- and Intermediate-term)
Total outstanding, end of year or month
Installment credit, total
Automobile paper
Other consumer goods paper
Repair and modernization loans
Personal loans
By type of holder:
Financial institutions, total
Commercial banks
Sales finance companies
Credit unions. . _
Consumer finance companies
Other
_
Retail outlets, total
Department stores
Furniture stores
Automobile dealers
Other
N oninstallment credit , total
Single-payment loans, total
Commercial banks
Other financial institutions ....
r
1
do
do
do
do
do
do
do
do
do
Revised.
2
Average for Dec.
Effective with the June 9 change in Federal Reserve regulations,
3
dataexclude balances accumulated for payment of personal loans (about Sl.lbil.).
Aver4
age for year.
Daily average. 6 Revised beginning June 1966 to reflect changes in coverage and format; not comparable with earlier data.
d"Fo7 Jemand deposits, the term "adjusted" denotes demand deposits other than domestic
commercial interbank and U.S. Government, less cash items in process of collection; for
loans, exclusive of loans to domestic commercial banks and after deduction of valuation
228-744 O - 66 - (
reserves (individual loan items are shown gross; i.e., before deduction of valuation reserves)
9 Includes data not shown separately. JRevised monthly data for commercial bank cred it
prior to June 1965 and for consumer credit prior to Mar. 1955 appear in the July and May
1966 Fed. Reserve Bulletins.
©Adjusted to exclude interbank loans.
§For bond yields,
see p. S-20.
UMonthly data are as of the following dates: 1965—July 16; Aug. 13; Sept. 10;
Oct. 8; Nov. 5; Dec. 3; 1966—Jan. 28; Feb. 25; Mar. 25; Apr. 22; May 20; June 30; July 15;
Aug. 12.
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
1965
Annual
September 1966
July
Aug.
Sept.
1966
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
FINANCE—Continued
CONSUMER CREDIT§— Continued
Total outstanding, end of year or month— Con.
Noninstallment credit— Continued
Charge accounts total
mil. $
Department stores
__do_ _
Other retail outlets
do
Credit cards
do
Service credit
do
Installment credit extended and repaid:
Unadjusted:
Extended total
_do_ _
Automobile paper
do_ __
Other consumer goods paper
do
All other
-_do_ _
Repaid total
do
Automobile paper
- -do_ _
Other consumer goods paper
do
All other
do
Seasonally adjusted:
Extended total
do
Automobile paper
do
Other consumer goods paper
do
All other
do
Repaid total
do
Automobile paper
do
Other consumer goods paper
do
All other
__do_ _
FEDERAL GOVERNMENT FINANCE
Net cash transactions with the public: cf
Receipts from
mil. $
Payments to
-do
Excess of receipts or payments ( — )
do
Seasonally adjusted, quarterly totals: t
Payments to
5,534
591
4,217
726
4,762
5,498
595
4,149
754
4,738
5,496
647
4,078
771
4,726
5,645
682
4,221
742
4,685
5,740
725
4,291
724
4,735
6,746
968
5,055
723
4,891
6,107
855
4,509
743
4,940
5,505
5,393
5,670
5,860
5,908
5, 888
746
5,050
755
5,044
765
5, 135
788
5,098
824
5,067
861
5,056
75, 508
27, 914
21, 454
26, 140
67, 495
24, 267
19, 355
23, 873
6,537
2,524
1,777
2,236
5,682
2,025
1,607
2,050
6,493
2, 401
1,789
2,303
5,688
2,068
1,611
2,009
6,085
2,088
1,849
2,148
5,616
2,024
1,617
1,975
6,247
2,318
1,899
2,030
5,714
2,099
1,636
1,979
6,608
2,410
2,004
2,194
5.955
2; 193
1,700
2,062
7,519
2,328
2,657
2, 534
6,120
2,097
1,760
2,263
5,586
2,001
1, 684
1,901
5, 837
2,055
1,811
1,971
5,517
2,084
1,527
1,906
5,552
1,979
1, 707
1,866
6,865
2,676
1,890
2,299
6,317
2,322
1,826
2,169
6,658
2,486
1,874
2,298
5,942
2,137
1,727
2, 078
6,694
2,526
1,898
2, 270
6,028
2,215
1,763
2,050
7,236
2,746
2,013
2, 477
6, 251
2,252
c 1, 786
2,213
6,670
2,466
1,945
2,259
6,002
2,188
1,739
2,075
6,383
2,355
1,818
2,210
5,659
2,007
1,608
2,044
6,385
2,372
1,816
2,197
5,729
2,068
1,662
1,999
6,434
2,385
1,859
2,190
5,748
2,056
1,638
2,054
6,425
2,338
1,907
2,180
5,805
2,080
1,670
2,055
6,530
2,480
1,873
2, 177
5,831
2,148
1,683
2,000
6,489
2,443
1, 862
2,184
5,855
2,107
1,720
2,028
6, 544
2,340
1,983
2,221
5,947
2,115
1,778
2,054
6,492
2,340
1,957
2,195
5,954
2,135
1,781
2,038
6,673
2,479
1,959
2,235
6,024
2,216
1,708
2,100
6,505
2,302
1,958
2,245
5,974
2, 145
1,729
2,100
6,472
2,298
1,933
2,241
5,979
2,159
1,784
2,036
6,675
2, 419
1,944
2, 312
6,126
2,211
1,767
2, 148
6,732
2,383
2,050
2,299
6,168
2,238
1,803
2,127
4,981
123, 376
9,696
127,920
-4,714
-4, 544
11, 595
12, 299
-705
4,283 10, 728 10, 838
12, 599
7,091
11, 090 10, 518 12, 312 11, 121 11,233
1,509 -6,234 -1, 584 -283 -4, 142
12, 400
11,264
1,136
13,804
12, 086
1,718
11,853
11,325
528
13, 916
12, 821
1,095
67, 505
24, 435
19, 473
23, 597
61, 121
21, 676
17, 737
21, 708
115, 031
120,340
-5,308
- -
mil. $
do_do_
do
20,294
8,103
11, 827 12,927
8,466 -4,824
30, 646
32, 104
-1,458
115.1
118. 1
-3.0
124.9
123.4
1.6
117, 222
88, 696
1,352
52, 334
25, 047
17, 106
21, 382
96, 945
11, 039
5,484
52, 261
29,067
124,354
96, 679
1, 646
56,102
27,035
17, 268
22, 303
101, 378
11,615
5,151
52, 773
32, 582
Employment taxes
do
Other internal revenue and receipts
do
Expenditures total^f
do
Interest on public debt
do
Veterans' benefits and services
do
National defense
do
All other expenditures
do
Public debt and guaranteed obligations:
Gross debt (direct), end of yr. or mo., total-bil. $_. i 317. 94
1
313. 55
Interest bearing, total _ _
do
i 267. 48
Public issues
do
i 14. 36
1
46. 08
Special issues
- do _
Noninterest bearing and matured
do
14.39
Guaranteed obligations not owned by U.S. Treasury end of year or month
_ _
_bil. $_
1.81
U.S. savings bonds:
Amount outstanding, end of yr. or mo._-do
i 49. 89
4.61
Sales, series E and H
__do
5.25
Redemptions
- do
30, 685
33, 098
-2,413
33,684
36,908
-3,224
39, 567
35, 758
3,809
123.8
126.3
—2.5
do
Receipts and expenditures (national income and
product accounts basis), qtrly. totals, seas,
adj. at annual rates: *
Receiuts
bil $
xpen
"fiV't ( \
rjo
Budget receipts and expenditures:
Receipts total
Receipts netlf
Customs
Individual income taxes
i 6, 300 i 6, 746
1909
1968
4, 756 i 5, 055
1635
!723
i 4, 640 i 4, 891
1
126.9
127.0
136.0
133.7
2.3
141.0
137.1
—.2
r 3 8
5,070
3,807
137
1,661
727
629
1,915
7,240
1,000
210
3,848
2,261
10, 586
7,350
145
5,540
482
2,501
1,918
8,990
966
483
4,372
3,261
12, 640
10,999
159
5,422
4,236
1,120
1,703
9,452
966
474
4,531
3,482
4,327
3,295
153
1,508
625
461
1,580
8,750
962
486
4,477
2,878
10, 220
8,106
164
5,934
507
1,508
2,107
9,105
963
526
4,518
3,320
10, 807
9,553
140
3,705
4,315
803
1,844
9,426
1,005
207
5,091
3, 155
7,137
6,453
136
4,140
682
423
1,756
8,809
1,035
530
4,605
2,712
12, 432
8,335
129
6,986
573
3,117
1,627
8,156
976
513
4,483
2,200
15,701
11, 297
168
4,376
7,244
2,040
1,873
10, 193
1,035
525
5, 600
3,038
13,072
9, 929
151
7,341
2,440
1,320
1,821
8,362
1,013
289
4,995
2,078
13, 746 p20, 712
8,452 pl7, 054
P172
158
7,389 p7,252
751 p8,252
3,615 p2,719
1,833 P2,317
9,055 p9,378
1,025 p 1,088
P358
485
4,895 P6,247
2,650 p 1,728
7,993
5,702
158
3,725
878
1,674
1,558
10, 263
1,091
450
4,891
3,870
i 320. 90 316. 58
i 316. 52 312. 20
i 270. 26 264. 41
14.39
i 15. 51
47.79
146.26
4.38
14.39
318.24
313. 90
264. 12
14.92
49.78
4.34
316. 75
312. 36
264. 29
15.40
48.07
4.39
318. 90
314. 56
267. 60
15.18
46.96
4.34
321. 71
317. 36
270. 30
15.65
47.05
4.36
320. 90
316. 52
270. 26
15.51
46.26
4.39
322. 00
317. 60
273. 24
15.53
44.36
4.40
323. 31
318. 92
273. 14
15.82
45.78
4.39
321. 00
316. 58
270. 62
15.64
45.96
4.42
319. 58
315. 22
270. 30
15.47
44.92
4.36
322. 36
317. 93
269. 12
15.58
48.80
4.43
319. 91
315. 43
264. 31
15. 50
51.12
4.48
319. 28
314. 88
264. 18
15.58
50.70
4.40
.47
.50
.52
.49
.46
.46
.42
.43
.46
.47
.47
.46
.49
.48
50.28
.34
.45
50.36
.37
.41
50.42
.34
.40
50.46
.33
.42
50.44
.47
.65
50.45
.35
.46
50.49
.46
.54
50.52
.43
.51
50.58
.41
.47
50.63
.40
.49
50.70
.41
.50
50.74
.39
.48
156.89
70.10
7.07
58.82
54.10
4.68
7.59
1.25
7.38
157.64
70.22
7.13
59.28
54.52
4.70
7.62
1.36
7.33
158.70
69.97
7.24
60.02
55.20
4.68
7.67
1.48
7.63
159. 63
70. 50
7.29
60.52
55.68
4.69
7.72
1.30
7.60
160. 23
70.66
7.29
60.88
55.99
4.70
7.77
1.30
7.63
160.80
70.98
7.27
61.29
56.32
4.72
7.85
1.02
7.67
161. 48
71.15
7.28
61.71
56.65
4.73
7.96
.90
7.74
162. 04
71.18
7.31
62.10
56. 98
4.74
8.05
1.01
7.65
162. 51
71.10
7.33
62.55
57.38
4.74
8.16
1.00
7.63
163. 49
71.59
7.38
62.97
57. 78
4.78
8.29
1.12
7.36
1.46
i 50. 46
4.49
5.44
50.23
.39
.46
50.26
.37
.46
324. 42
319. 70
266. 46
53.24
4.72
LIFE INSURANCE
I nstitute of Life Insurance:
Assets, total, all U.S. life insurance companies %
154. 42 155. 19 156.04
bil $ 1 149 47
69.84
69.63
69.82
i 67 96
Bonds (book value) total
do
6.96
6.75
6.80
17.94
Stocks (book value), total
__do
1
58.41
58.02
57.66
55 15
Mortgage loans total
do
53.04
53.72
53.36
i 50. 85
Nonfarm
do
1
4.64
4.68
4.65
4 53
Real estate
do
i 7 14
7.55
7.46
7.51
Policy loans and premium notes
do
1.31
1.27
1.28
i 1.49
Cash
do
7.34
7.00
7.09
!5. 26
Other assets
do
Payments to policyholders and beneficiaries in
954.2
911.6
935.5
U S total
mil $ 10, 757. 8 11, 416. 6
398.8
400. 4
388.0
4, 533. 5 4, 831. 4
Death benefits
do
74.6
67.9
931.1
71.1
898.7
Matured endowments
do
12.5
14.3
12.3
163.0
160.6
Disability payments
do
86.7
84.6
85.5
961. 0 1, 038. 9
Annuity payments
do
164.5
157.1
158.8
Surrender values.
do
1, 833. 7 1, 932. 3
210.4
215. 3
198. 5
Policy dividends
do
2,370.3 2. 519. 9
r
Revised.
p Preliminary.
c Corrected.
1
End of year; assets of life insurance companies are annual statement values.
§ See note "t" on p. S-17.
d*Other than borrowing.
t Revisions prior to 1965 for cash
transactions with the public (seas, adj.) and for Jan. 1964-June 1965 for assets of all life insurance cos. will be shown later.
984.2
964.3
909.8 1,139.5
978.7 1, 081. 1 916.2
879.4 1, 246. 3
406.2
450.0
425.1
503.0
411.8
418.1
403.5
381.9
480.1
73.0
88.0
82.3
85.1
80.9
77.9
94.8
74.6
74.8
15.2
13.7
14.4
13.6
14.0
16.6
12.2
12.7
15.9
95.3
90.9
92.5
95.7
100.3
104.5
90.0
85.3
85.0
165.0
189.4
162.1
196.5
178.6
178.2
157.0
148.3
174. 8
163.0
200.7
188.0
242.8
186.4
169.2
228.3
176.6
415.7
*New series; latest revised data for earlier periods appear in the Aug. 1965 and July 1966
issues of the SURVEY.
IfData for net receipts and total expenditures reflect exclusion of
certain interfund transactions.
918.9
388.8
75.8
13.0
83.5
148.5
209.3
September 1966
SURVEY OF CUKRENT BUSINESS
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
Annual
S-19
1966
1965
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
June
Mar.
Apr.
11,352
7,980
2,750
10, 173
9,938
622
2,291
574
7,431
1,878
629
1,251
947
203
101
1,310
990
217
103
July
1,908
569
1,296
989
213
95
May
Aug.
FINANCE—Continued
LIFE INSURANCE— Continued
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance):!
Value, estimated total
mil $
Ordinary
_
do
Group and mass-marketed ordinary
do
Industrial
do
Premiums collected: J
Total life insurance premiums
Ordinary
Group and wholesale
Industrial
do
do
do
do
105,008 1 142, 124
73, 130
82, 479
24, 566 i 52,349
7,312
7,296
14,385
10,768
2,225
1,391
15,032
11,250
2,419
1,364
8,785
6,609
8,966
1,586
590
6,811
1,554
601
1,254
954
194
105
1,222
915
204
103
9,979
6,859
2,542
1
4,055
8,494
6,564
636
524
8,120
6,151
1,420
549
1,248
934
211
104
1,532
1,026
278
228
1,251
953
188
110
1,216
914
206
96
1,364
1,046
220
98
13,733
13, 732
-37
10, 877
10, 102
3,037
13, 730
-31
0
2,159
20
67, 775
10, 766
91.6
10.4
89.3
10.2
91.2
9.8
87.8
9.6
90.5
10.1
90.8
10.1
5,072
3,908
7,688
6,475
4,616
37, 703 10,296
7,085
29,997
7,286
2,374
578
621
1,191
898
193
100
1,264
962
196
106
1
12, 180
7,601
1,392
538
7,308
9,200
9,945
7,468
6, 633
2,041
526
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end of period) _ _ .mil. $__ 15,388
13, 733 13, 857 13, 857 13, 858 13, 857 13,805
Net release from earmark!
do"____
256
-157
142
81
43
-198
18
Exports
thous $ 422, 744 1,285,097 159, 947 108, 028 126, 324 101, 275 101,335
Imports
do
40, 888 101,669
2,153 17, 794
1,539
1,888 56, 027
Production , world total
South Africa
Canada
United States
Silver:
Exports
Imports
Price at New York
Production:
Canada
Mexico
United States
mil $
do
do
do
1, 069. 4
125.6
90.8
10.0
91.0
10.5
89.7
10.2
90.4
10.5
thous $
do
dol per fine oz
144, 121
54, 061
64, 769
1.293
848
3,917
1.293
4,199
5,716
1.293
1,534
6,104
1.293
1.293
10, 809
1.293
thous fine oz
do
do
29,933
31, 916
40, 333
44, 423
2,549
3,838
2,507
3,647
3, 020
2,801
3,159
3,231
3,043
3,566
2,957
3,871
4,104
39.6
42.1
39.9
40.2
40.4
40.8
41.8
156.3
33.5
122.8
119.4
5.8
162.6
35.2
127 A
137.6
6.4
160.9
35.4
125.6
138. 3
9.1
160. 5
35.5
125.0
140.2
7.4
163.2
35.6
127.5
141.4
5.6
165.8
36.0
129.8
143.5
5.0
162. 5
35.2
127.3
137.6
162.7
35.4
127.3
140.1
164. 3
35.6
128.7
141.6
49.3
104.9
35.1
44.4
31.1
48.4
99.4
35.5
44.9
31.7
47.2
95.4
35.3
44.1
31.4
13,634
13, 632 13, 532 '13,434
20
26
-57
133 101, 401 101, 534
1,781
1,931
2,463
13, 332
-61
91.9
10.2
89.3
Currency in circulation (end of period)
bil. $_.
Money supply and related data (avg. of daily fig.) :J
Unadjusted for seas, variation:
Total money supply
.bil. $
Currency outside banks
. _ _ _ do
Demand deposits
do
Time deposit sadjustedl-. ._
do
U.S. Government demand deposits
do
Adjusted for seas, variation:
Total money supply __
Currency outside banks
Demand deposits
Time deposits adjusted^
66,311
1.293
7,358
7,277
15, 527
18, 022
1.293
1.293
1.293
2,583
41, 716
45,872
_ _ do
do
do
do
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted:
Total (225 SMSA's) 9 --ratio of debits to deposits,.
New York SMS A
do
Total 224 SMSA's (except N.Y.)
do
6 other leading SMSA'sd"
do
218 other SMSA's
do
44.7
89.5
32.9
41.4
29.2
48.4
99.6
35.4
44.9
31.4
13,259
89.4
2,792
21,395.0
1, 019. 8
133.4
51.4
-72
67,842
8,875
6,546
7,929
1.293
1.293
6, 452
1.293
2,273
3,580
3,496
2,424
4,027
3,026
2,960
3,736
4,149
3,555
3,793
5,611
42.1
41.1
41.3
41.5
41.5
42.1
42.6
167. 4
36.5
130.9
144. 4
4.0
172.0
37.0
135.0
145.3
4.5
173.0
36.5
136.5
147.4
3.7
167.8
36.3
131.5
148.7
5.1
167.8
36.5
131.3
150.2
4.6
171.6
36.8
134.8
152.2
3.0
166. 9
37.0
129.9
153. 9
7.2
168.8
37.3
131.5
154. 1
6.2
165.6
35.9
129.7
143. 6
165. 7
36.1
129.6
145.5
167.4
36.3
131.2
147.0
168.4
36.7
131.8
148.0
168.0
36.8
131.2
148.8
169.2
36.9
132.3
149.6
171.1
37.1
134.0
151.6
169.5
37.3
132.2
152.9
47.4
96.3
35.1
43.8
31.4
50.5
104. 7
37.0
47.6
32.1
50.6
102.2
37.5
47.7
33.3
50.7
104.5
37.0
47.3
32.7
50.9
105.6
37.0
47.6
32.5
52.3
107.1
38.3
49.1
33.5
52.8
112.0
37.7
47.8
33.3
52.4
109.3
37.8
49. 8
32.8
4,046
4,722
3,677
1.293
2,867
3 6, 825
3,625
6,629
6,080
1.293
1.293
42.7
4
166.9
37.8
129.1
156.9
5.2
171.1
37.3
133.8
153. 3
' 169. 5
37.6
' 131. 9
154.9
169.1
37.7
131.4
156.7
53.7
109.1
39.0
51.1
33.7
4
167.9
37.8
130. 1
155.7
'8.1
53.1
108.3
38.9
51.1
33.8
r
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade arid SEC):
Net profit after taxes all industries
mil $
23, 211
Food and kindred products
do
1,692
Textile mill products
do
507
Lumber and wood products (except furniture)
314
mil. $_.
Paper and allied products
do
754
Chemicals and allied products
do
2,857
Petroleum refining
do
4,094
Stone, clay, and glass products
do
681
Primary nonferrous metal
do
758
Primary iron and steel
do
1,225
Fabricated metal products (except ordnance,
842
machinery, and transport, equip.)
mil. $__
Machinery (except electrical)
do
2,001
Elec. machinery, equip., and supplies
do
1,512
Transportation equipment (except motor
vehicles etc )
mil $
546
Motor vehicles and equipment
do
2,808
All other manufacturing industries
do
2,617
Dividends paid (cash) all industries
do
Electric utilities, profits after taxes (Federal Reserve)
mil $
Transportation and communications (see pp. S-23
andS-24).
27, 521
1,896
694
6,590
7, 484
511
201
7,229
522
176
8,375
6
338
105
184
789
1,079
253
214
312
84
219
815
1,214
206
251
290
68
213
847
1,207
115
294
324
124
241
948
1, 228
260
351
440
304
652
471
278
658
594
313
680
546
383
858
615
203
985
976
186
973
833
239
948
5 1, 021
5753
3,188
4,442
761
970
1,401
1,151
2,499
1,926
525
194
469
162
5 3, 285
184
469
876
10, 810
11,979
2,623
3 756
3,040
3,188
2,375
2,568
626
632
758
632
721
3,496
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total
.
mil. $._ 37, 122 40, 108 2,936 2,354 3,029
By type of security:
2,262 2,861
Bonds and notes, total
do
34, 030
37,836 2, 814
1,322
Corporate
do
10, 865
837
1,370
13, 720
Common stock
do
76
2,679
78
78
1,547
44
92
Preferred stock
do
412
15
725
r
2
Revised.
1 Includes $27.8 bil. coverage on U.S. Armed Forces.
Estimated; excludes
U.S.S.R., other Eastern European countries. China Mainland, and North Korea.
3 Data
4
for Nov.-Dec.
Beginning June 1966, data exclude balances accumulated for payment
of personal loans (amounting to $1,140 million for week ending June 15).
» Beginning with
the period noted data reflect reelassification of companies between industries and are not
strictly comparable with those for earlier periods.
tRe visions for 1964-Apr. 1965 for insurance written and for Jan .-Aug. 1964 for premiums
2,661
6,340
2,948
3,021
3^008
4,250 ' 3, 668 ' 3, 182
5,072
3,425
2,537
6,083
2,789
2,834
2,878
4,261
3,833 ' 3, 457 '3,114
2,065 ' 1, 372 ' 1. 037 1,6 6
3,315
983
40
70
861
116
8
1,142
165
92
1,487
72
86
1,152
68
119
1,143
55
75
396
21
'182
28
56
'13
737
74
collected will be shown later: those for money supply and related data for 1959-64 appear on
p. 44 of the June 1966 SURVEY.
§ Or increase in earmarked gold (—).
ITime deposits at all commercial banks other than those due to domestic commercial
banks and the U.S. Govt.
9 Total SMSA's include some cities and counties not designated as SMSA's.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland, and Los
Angeles-Long Beach.
SURVEY OF CUKEENT BUSINESS
S-20
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
Annual
September 1966
1966
1965
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
FINANCE—Continued
SECURITIES ISSUED— Continued
Securities and Exchange Commission— Continued
Estimated gross proceeds— Continued
By type of issuer:
Corporate, total 9
mil $
Manufacturing
do
Extractive (mining) __
do
Public utility
do
Railroad
do
Communication
do
Financial and real estate
do
Noncorporate total 9
do
U S Government
do
State and municipal
do
New corporate security issues:
Estimated net proceeds, total
___do
Proposed uses of proceeds:
New money, total
do
Plant and ecruipment
do
Working capital
do
Retirement of securities
do
Other purposes
do
State and municipal issues (Bond Buyer) :
Long-term
_ _ _ _ _ _
do
Short-term
do
13, 957
3,046
421
2,760
333
2,189
3,856
15, 992
5,417
342
2,936
284
947
4,276
1,443
454
43
228
27
154
206
930
364
19
305
13
29
134
1,538
435
25
365
26
202
343
986
287
28
169
20
96
284
1,398
424
21
242
11
47
544
1,646
492
64
307
14
60
437
1,339
370
21
399
46
142
153
1,273
541
34
249
42
163
116
2,482 ' 1, 582 '1,106
••392
1,001
'703
'50
••15
28
'277
'371
344
47
, 35
40
'44
304
77
'122
'157
296
2,427
1,168
53
330
16
279
283
1,093
449
12
288
21
51
159
23, 165
10, 656
10, 544
24, 116
9,348
11. 148
1,492
388
1,055
1,424
371
718
1,490
342
984
1,675
369
867
4,942
3,463
1,018
1,302
331
768
1,682
475
1, 176
1,735
345
845
1,768
457
848
«• 2, 086
426
1,181
' 2, 076
412
'877
2,645
397
1, 118
2,332
411
678
13, 792
15, 801
1,427
919
1,523
973
1,377
1,632
1,325
1,259
2,452
T
' 1, 095 2,391
1, 079
11, 233
7,003
4,230
754
1,805
13,063
7,712
5,352
996
1,741
1,168
735
433
137
122
760
572
188
69
91
1,249
797
452
130
143
834
480
355
49
90
1,183
584
598
52
143
1,279
699
580
136
217
1,214
959
255
22
88
1,068
817
251
22
169
2,039 a, 399 ' 1, 000
'746
1,482 ' 1, 137
'254
'262
557
'38
7
'7
'154
'58
407
2,245
1,786
459
27
119
969
647
322
33
77
10, 544
5,423
11, 084
6,537
991
380
718
557
984
543
867
397
1,018
665
768
332
1,176
355
845
382
848
608
1, 181
1,061
877
865
1,118
384
'678
174
U88
i 5, 101
1 1, 169
i 4, 132
1534
i 5, 543
i 1, 666
i 3, 706
491
4,887
1,233
3,676
491
4,908
1,192
3,771
539
5,016
1,369
3, 609
525
5,096
1,475
3,552
550
5,232
1,479
3,661
534
5,543
1,666
3, 706
581
5,576
I', 730
3,669
575
5,777
1,765
3,586
645
5,671
1,822
3, 603
604
5,862
1,744
3,858
592
622
625
5,797 ' 5, 798 5, 701
' 1, 658 1,597
1,839
3,741 ' 3, 807 3,786
95.1
111.5
93.9
110.6
93.9
110.8
93.5
111.0
92.8
109.3
92.7
108.4
92.3
107.7
91.1
106.3
90.5
106.9
89.5
105.2
87.9
103.9
87.6
105.9
87.6
104.5
87.0
103. 2
86.0
100.9
84.1
97.7
84.46
83.76
84.51
84.00
83.27
82.97
82.22
81.21
81.15
79.32
78.92
79.75
79.56
78. 93
77.62
77.02
2, 882. 48 3, 794. 22
2, 640. 74 3,288.68
265. 58
248. 19
294. 76
256. 23
398. 73
332. 00
424. 51
345. 52
373. 10
296. 25
490. 17
368. 03
359. 80
287. 99
383. 38
296. 12
485. 14
373. 14
423.27
334.44
394.28
344. 51
312.44
258.46
254.63
222. 05
2, 782. 80 3. 643. 11
2, 542. 26 3.150.16
253. 01
235. 86
282. 80
245. 19
389.95
323. 26
414. 32
336. 49
361. 09
285. 05
469.00
350.45
348.47
278. 54
371. 60
285.18
466. 96
358. 35
402. 67
318. 91
380. 69
333. 50
301. 98
248. 57
247. 12
215. 03
2, 524. 50 2, 975. 21
191. 64
244. 98
307. 79
290. 84
272.00
302.78
252. 64
250. 95
331. 66
253.71
285.53
208. 88
169. 94
273. 90
4.57
4.64
4.64
4.65
4.69
4.72
4.75
4.84
4.89
4.94
5.10
5.16
5.18
5.28
5.36
5.50
4.40
4.49
4.57
4.83
4.49
4.57
4.63
4.87
4.48
4.56
4.62
4.88
4.49
4.59
4.65
4.88
4.52
4.63
4.69
4.91
4.56
4.66
4.71
4.93
4.60
4.69
4.75
4.95
4.68
4.80
4.85
5.02
4.74
4.83
4.91
5.06
4.78
4.90
4.96
5.12
4.92
5.05
5.12
5.32
4.96
5.10
5.18
5.41
4.98
5.10
5.17
5.48
5.07
5.16
5.29
5.58
'5.16
5.25
5.36
5.68
5.31
5.38
5.48
5.83
4.52
4.53
4.67
4.61
4.60
4.72
4.62
4.58
4.71
4.63
4.60
4.73
4.65
4.64
4.77
4.67
4.67
4.81
4.71
4.71
4.83
4.79
4.82
4.91
4.84
4.85
4.97
4.91
4.90
5.02
5.06
5.08
5.18
5.09
5.21
5.19
5.12
5.23
5.20
5.25
5.32
5.26
5.33
5.39
5.37
5.49
5.54
5.48
3.20
3.22
3.28
3.27
3.25
3.26
3.29
3.25
3.41
3.36
3.40
3.42
3.50
3.47
3.54
3.56
3.54
3.52
3.83
3.63
3.59
3.72
3.62
3.59
3.78
3.68
3.83
3.77
3.96
3.94
4.24
4.17
4.15
4.21
4.15
4.19
4.25
4.27
4.34
4.43
4.43
4.61
4.63
4.55
4.57
4.63
4.74
4.80
17, 682
19, 488
1,279
507
2,735
1,333
537
3,881
1,561
756
2,870
1,385
526
3,043
1,401
542
261
2,064
127
295
443
22
121
200
2
1, 559
741
620
SECURITY MARKETS
Brokers' Balances
(N.Y.S.E. Members Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances (net)
Money borrowed
mil $
do
do
do
Bonds
Prices:
Standard & Poor's Corporation:
Industrial, utility, and railroad (AAA issues):
Composited1
dol. per $100 bond
Domestic municipal (15 bonds)
do_ __
U.S. Treasury bonds, taxablef
do
Sales:
Total, excl. U.S. Government bonds (SEC):
All registered exchanges:
Market value
mil. $__
Face value
do
New York Stock Exchange:
Market value
do
Face value
do
New York Stock Exchange, exclusive of some
stopped sales, face value, total
mil. $__
Yields:
Domestic corporate (Moody 's)
percent. _
By rating:
Aaa
_
_
__ _ do
Aa
do
A
do
Baa
_
_
do
By group:
Industrials
do
Public utilities
do
Railroads
__
_
__ do
Domestic municipal:
Bond Buyer (20 bonds) __
_ _ do
Standard & Poor's Corp. (15 bonds)
do
U.S. Treasury bonds, taxable©
do
Stocks
Cash dividend payments publicly reported:
Total dividend payments
mil. $_ _
Finance
Manufacturing... _ _
Mining
Public utilities:
Communications
Electric and gas
Railroads
Trade
Miscellaneous
do
. d o
do
2,805
9,298
601
3,154
10, 317
637
271
400
19
115
189
1
305
1,763
122
277
431
21
141
199
4
572
2,504
187
428
460
23
326
193
4
293
1,880
124
280
438
21
11
1
197
3
do
do
do
do
do
1,573
2,035
422
680
268
1,678
2,174
446
768
314
312
152
21
81
23
2
150
9
29
12
114
245
70
76
40
316
153
25
84
26
2
146
7
26
12
118
252
113
81
54
343
156
19
107
25
3
159
9
48
14
121
258
74
73
47
349
160
27
84
26
3
160
6
29
17
124
261
80
82
44
349
160
21
88
23
2
161
9
29
18
7.05
7.70
3.43
3.81
4.57
6.00
7.65
8.48
3.86
4.09
4.90
6.33
7.57
8.41
3.84
4.04
4.92
6.31
7.59
8.42
3.88,
4.07
4.92
6.31
7.63
8.47
3.90
4.08
4.92
6.31
7.78
8.67
3.96
4.16
4.92
6.31
8.12
9.03
3.99
4.28
4.93
6.57
8.15
9.06
4.02
4.34
4.94
6.59
8.18
9.10
4.03
4.35
4.94
6.59
8.22
9.16
4.03
4.35
4.94
6.59
8.23
9.17
8.23
9.18
8.24
9.18
8.26
9.18
8.28
9.19
4.35
4.94
6.65
4.35
4.94
6.65
4.35
4.94
6.65
4.39
5.14
6.65
4.44
5.14
6.65
8.30
9.22
4.14
4.53
5.14
6.90
Dividend rates and prices, common stocks
(Moody's) :
Dividends per share, annual rate, composite
dollars..
Industrials
__ _
_
do
Public utili ties
do__
Railroads _
do
N.Y. banks ___ _
do
Fire insurance companies
_
do
235. 08
250. 31 242. 16 246. 50 254. 52 260. 91 255. 62 258. 09 257. 90 252. 36 244. 95 246. 67 236. 01 230.25 227. 17 211. 05
Price per share, end of mo., composite
do
Industrials. _ _ _ _ _ _ _ _ _
do
258. 55
284. 32 273. 38 279. 07 290. 30 301. 00 296. 07 299.67 300.28 293. 20 286. 15 288. 13 274.18 267. 22 262. 90 244.39
99.95 101. 03 92.51
Public utilities
do
10.8. 76
117. 08 114. 76 115. 46 116. 95 118. 38 115. 84 114.86 111.34 106. 81 105. 41 106. 33 102. 45
89.63 81.22
92.58
Railroads
do
95.06 90.93 94.36 95.11 99.69 102.30 103.46 109. 88 110. 59 102. 01 102.66 93.56
94.01
H Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.
' Revised.
1 End of year.
9 Includes data not shown separately,
O For bonds due or callable in 10 years or more.
d* Number of bonds represented fluctuates; the change in the number does not affect the
continuity of the series.
September 1966
SURVEY OF CURRENT BUSINESS
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
Annual
S-21
1966
1965
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
3.49
3.35
3.99
4.65
3.95
2.97
3.59
3.44
4. 10
4.74
4.18
3.05
July
Aug.
FINANCE—Continued
SECURITY MARKETS-Continiied
Stocks— Continued
Dividend yields and earnings, common stocks
(Moody's):
Yields, composite
„
percent..
Industrials.
do
Public utilities
_ _ do
Railroads
do
N.Y. banks
do
Fire insurance companies.
do
3.00
2.98
3.15
4 05
2 97
2.50
3.06
2 98
3.30
4 30
3 33
2.74
Earnings per share (indust., qtrly. at arm. rate;
pub. util. and RR., for 12 mo. ending each qtr.) :
Industrials _.
_ dollars
14. 39
Public utilities
do
5.41
Railroads
do
6 97
16 50
5 92
8 16
Dividend yields, preferred stocks, 14 high-grade
(Standard & Poor's Corp.)
percentPrices:
Dow-Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks)
_
Railroad (20 stocks)
Standard & Poor's Corporation: cf
Industrial, public utility , and railroad:
Combined index (500 stocks)
1941-43=10..
3.13
3 08
3.35
4 44
3 38
2.86
3.00
2 92
3.33
4 29
3 17
2.94
3.08
3 02
3 36
4 31
3 25
2.90
2.98
2 88
3 35
4 17
3 43
2.96
3.18
3 05
3 44
4 18
3 51
2.94
14.60
5.82
7 22
3.16
3 02
3 50
4 19
3 51
2.63
3.17
3 03
3.62
3 96
3 55
2.70
3.26
3 12
3 77
3 93
3 78
2.79
3.36
3 20
3 87
4 26
3 81
2.95
3.34
3 19
3.84
4 24
4 03
2.82
4.32
4.33
4.38
4.34
4.32
4.38
4.41
4.47
4.51
294. 23
834. 05
146. 02
204. 36
318. 50
910. 88
157. 88
216. 41
303. 66
873. 43
155. 71
199 51
312 37
887. 70
155. 44
214 21
321. 61
922. 18
157. 51
218 86
330 89
944 77
157. 19
231 09
335 45
953. 31
157. 11
238 11
337. 09
955. 19
152. 00
245 33
346. 95
985. 93
151.26
255. 52
4.83
4.78
4.83
4.93
5.00
5.18
42
15
87
99
331. 16
926. 43
141. 49
252 80
337. 27
943. 70
140. 26
260. 64
314. 62
890. 70
137. 32
233. 07
311. 51
888. 73
134. 07
229. 24
308. 07
875. 87
133. 72
227. 18
286. 45
817. 55
126. 68
207. 91
4.63
347
977
145
264
3.93
3.77
4.48
5.58
4.85
3.22
18.10
'6.08
9.18
17.10
6.03
8 56
18 26
5 92
8 16
3.64
3.50
4.08
4.95
4.30
2.98
81.37
88.17
84.91
86.49
89.38
91.39
92.15
91.73
93. 32
92.69
. 88. 88
91.60
86.78
86.06
85.84
80. 65
Industrial, total (425 stocks) 9
do
86.19
Capital goods (122 stocks)
do
76.34
Consumers' goods (188 stocks) . do
73.84
Public utility (50 stocks)
do_ _
69.91
Railroad (25 stocks)
do
45.46
Banks:
New York City (10 stocks)
do
39.64
Outside New York City (16 stocks)
do_ . 77.54
Fire and casualty insurance (22 stocks)___do
67.20
93.48
85.26
81.94
76.08
46.78
89.92
80.54
78.80
74.63
43 31
91.68
83.25
80.23
74.71
46 13
94.93
86.91
82.34
76.10
46.96
97.20
90.28
83.90
76.69
48 46
98.02
91.62
83.75
76.72
50.23
97.66
91. 42
83. 31
75.39
51.03
99.56
93.35
84.28
74.50
53.68
99.11
93.69
83 48
71.87
54 78
95.04
90.28
78.96
69.21
51.52
98.17
93. 54
79.28
70.06
52.33
92.85
88.78
75.12
68.49
47. 00
92.14
87.34
73.75
67. 51
46. 35
91. 95
86.38
73.87
67.30
45.50
86.40
79.81
69. 91
63.41
42.12
38.92
71.35
64.17
38.18
70.22
60.95
38.96
70.98
60.75
40.43
72.74
60.79
39. 68
71.68
58.58
37.19
69.26
59. 56
37.71
70.27
66.13
37.24
70.93
67.86
36.10
70.51
66.98
34.11
65.19
63.28
33.67
64.17
65. 27
32.32
61.22
63.33
32. 39
61.32
61.64
32.50
62.38
62.63
30.09
59.33
61.28
72,147
2,045
89, 225
2,587
5 656
5,952
7,993
11, 022
11,169
12,978
12, 909
8,201
337
357
9,673
279
302
12, 268
222
262
11, 683
163
9,664
8,603
154
228
200
60 424
1 482
73, 200
1 809
4 783
4 937
6,662
6,879
9,200
8,789
10, 359
9,800
7,772
6,655
120
199
163
198
224
9,893
231
8,651
165
7,857
209
162
141
1,237
1,556
85
109
155
164
147
191
183
166
192
186
171
141
120
162
474. 32
9, 229
537. 48
10, 058
487. 85
9 829
500. 62
9 863
517. 67
9,931
532. 83
9 984
530. 77
10, 013
537. 48
10, 058
542. 75
10, 136
535. 38
10, 180
523. 93
10, 245
536. 36
10, 276
507. 77
10, 507
502. 41
10, 612
497.11
10, 733
458.66
10, 787
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
__
mil. $
Shares sold
millions
On New York Stock Exchange:
Market value
mil $
Shares sold (cleared or settled)
millions
Exclusive of odd-lot and stopped stock sales
(N.Y.S.E.; sales effected) _- . millions
Shares listed, N.Y. Stock Exch., end of period:
Market value, all listed shares
_ bil. $
Number of shares listed
millions
116
345
304
206
221
302
FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Value
Exports (mdse ) incl reexports totalO
Excl Dept of Defense shipments
mil $
do
Seasonally adjusted
By geographic regions:A
Africa.
Asia
_
Australia and Oceania
Europe
_
do
do
do
do _
2, 255. 5 2, 332. 9
2,324.1 2,341.6 2, 408. 2 2, 355. 8 2, 248. 6 2, 334. 8 2, 594. 4 2, 331. 2 2, 364. 4 2, 485. 8 2, 460. 4
Asia; Australia and Oceania:
Australia including New Guinea
India __
Pakistan
Malaysia
Indonesia
Philippines
Japan
Europe:
France
East Germany _
West Germany
Italy
Union of Soviet Socialist Republics
1, 222. 5 1, 224. 1
5, 233. 7 5, 495. 8
850 7
750. 1
8, 326. 7 8, 851. 6
82.1
485.0
69 4
732.9
111 9
422.1
104 9
670.4
129.2
401.1
78 9
666.7
105 6
458.8
67 1
806.0
84.5
480.3
66 3
857.6
91.0
525.9
60 2
880.4
85
400
56
765
9
6
9
2
86.2
447.2
60 2
790.3
132.0
533.6
70 2
993.5
114.4
495.6
60.0
820.4
114.7
442.0
61.5
828.1
116.7
497.7
64.7
773.2
100.9
497.0
71.5
717. 1
do
4 746.7 5, 587. 1
do
2, 044. 8 2, 094. 6
do ._ 2, 129. 7 2, 141. 7
_
By leading countries:
Africa:
United Arab Republic (Egypt)
Republic of South Africa
r
2 163 0 2 444 0 2 505 4 2 606 5 12 132 5 2 297 5 2 817 9 2 600 5 2 616 9 2 569 9 2, 428. 5
2 140 2 2 419 5 2 440 4 2 550 5 12 132 5 2 210 3 2 747 0 2 464 7 2 505 9 2 468 2 2, 328. 6
do
Northern North America
Southern North America
South America _.
_
TTnit.p.d TTiniMftTn
26 488 8 27 346 2 2 244 8 2 188 3
25 670 6 26 567 1 2 172 1 2 123 5
451 1
171.0
164.7
440 1
170 9
172.2
458 5
172.8
191.9
532 5
188 6
210. 6
528 3
193.0
197.4
524.8
190. 4
227.8
434 1
170 3
178.1
457.4
161.3
177.2
567.1
212.0
217.8
564.6
176.7
196.0
623.5
186.2
213.4
606.7
187.4
193.9
506.4
188.2
223.5
do
do
'
268 2
396.1
157 6
437.8
10 4
29.5
23 6
41.9
5o!o
17 8
11 9
35.7
6 4
27.7
61
21.2
58
30 6
12 0
23.2
22 8
41.4
18 6
33. 3
22 6
30.8
24 3
31.3
13.2
37.2
do
do
do
do
639 6
955. 0
375 7
77.0
700 7
928.0
335. 9
89.5
58 6
97.3
26 9
81
78 1
75.2
31 3
7 5
60 9
72.9
14 0
71
52 3
73.3
22 9
74
56 3
53.3
25.5
50 1
63.0
42.3
49 9
88.4
15.8
58 8
116. 9
13.2
51 0
97.9
11.7
47 6
63.0
16.8
54 0
71.5
17.4
58.5
68.3
31.8
8.1
8.0
46 3
62.3
17 3
3 0
4.1
3.7
3.9
do
do
do
68.1
361.5
1 912.6
41.5
336.3
2, 057. 5
4.3
4.3
2.7
2.7
3.8
2.3
2.9
2.4
3.0
8.7
24 7
156 7
34 5
145 6
32 0
169 9
25.4
196.6
26.1
202.6
2.5
3.1
28 4
195 4
2.1
24 1
157 9
29.6
196.0
26.6
174.2
29.3
189.2
27.2
173.2
do
do
do
805.9
20.2
1, 315. 2
901.8
12.6
1, 501. 8
69.2
72.7
78.9
86.1
88.0
83.3
84.0
98.7
82.6
83.2
79.5
78.3
.6
.5
.6
.6
121 2
120 1
114 1
147.0
159.7
129.6
131. 5
121.2
166.1
143.9
131.0
127.9
118.7
do
do
833.4
144 6
1.471.4
864.4
44 4
1./S64.8
60.7
31
59.5
15
12fi 3
86.5
31
143. 9
81.7
31
155.fi
85.1
4 3
164.1
71.8
2 6
198 R
140.0
67.9
4 2
138. 1
88.5
29
17/5.6
81.3
4 8
140.9
75.4
6 2
138. 6
74.2
5 2
118.0
128. 2
r?n
.1
67.5
2 0
117 R
61.8
Revised.
*> Preliminary.
i See note 2 for p. S-22.
cfNumber of stocks represents number currently used; the change in number does not
affect continuity of the series.
9 Includes data not shown separately.
O Beginning Jan. 1965, data reflect adoption of revised export schedule; in some instances,
1.2
.9
3.4
3.7
3.7
23.9
174.6
1.6
4.1
27 5
194.3
1.4
4.2
3.4
3.5
65.3
2.8
because of regrouping of commodities and release of some "special category" items from the
restricted list, data for commodities and countries are not comparable with those for earlier
periods.
A Excludes "special category" shipments.
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
1966
1965
July
Annual
September 1966
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
Exports (mdse.), incl. reexports— Continued
By leading countries— Continued
North and South America:
Canada
mil. $._ 4, 774. 5
5,586.7
451.1
440.1
458.5
532.5
528.3
524.8
434.1
457.4
567.0
564.5
623.5
606.7
506.4
do
3, 737. 9
3,750.6
297. 6
304.1
327.3
354.5
344.8
375.8
310.4
303.4
379.6
331.0
357.3
338.8
368.3
do
do
do
261.6
387.8
180.9
266.0
328.6
235.3
22.0
18.8
18.0
25.9
24.7
17.4
18.4
32.0
31.1
25.5
39.9
21.3
22.7
35.9
•23.2
22.8
52.1
26.3
16.8
39.5
20.8
16.7
31.5
22.3
18.7
53.6
20.7
15.0
46.0
19.4
18.1
51.2
23.3
16.0
34.2
23.3
19.2
53.6
21.5
246.2
C1)
1, 092. 4
606.3
196.4
0)
1, 105. 2
623. 7
12.8
0
92.5
52.2
13.4
0
88.9
52.8
15.5
C1)
93.1
49.9
17.2
0
98.0
58.3
18.3
0
99.2
54.0
23.9
0
99.0
56.9
18.0
C1)
93.5
45.0
21.9
(0
86.9
44.6
25.2
0)
108.6
51.7
23.3
0
88.2
49.6
28.0
-0
98.2
49.8
24.7
0
96.8
52.1
28.1
0
101.5
56.3
Latin American Republics total 9
Argentina
Brazil
Chile
_
Colombia
Cuba
Mexico
Venezuela
do
do
do
- dodo
do
Exports of U S merchandise total Ot
Excl. military grant-aidt
By economic classes:
Crude foodstuffs
Manufactured foodstuffs and beverages
Semimanufactures cf
Finished manufactures o71
Excl military grant-aid
By principal commodities:
Agricultural products, total 9
26, 136. 4 27, 003. 3 2, 212. 1 2,161.0 2, 133. 2 2,411.9 2, 472. 2 2, 576. 0 22,105.3 2, 264. 0 2, 778. 4 2, 557. 9 2, 568. 1 2, 531. 2 2, 397. 4
25, 318. 2 26,224.5 2, 139. 4 2,096. 2 2, 110. 4 2, 387. 4 2, 407. 2 2, 520. 0 22,105.3 2, 176. 8 2, 707. 5 2, 422. 1 2,457.1 2,429.5 2, 297. 5
do
do
do
do
do
2 897 5
2 540. 2
1, 687. 4
4, 067. 2
14, 893. 8
14, 076. 1
do
Cotton unmanufactured
Fruits, vegetables, and preparations
do
do
IVEeat and meat preparations
do
Nonagricultural products, total 9
-do
6, 347. 5 6, 228. 6
548. 0
459.3
484.6
587. 0
652.2
647.5
505.7
518.6
624.8
552.3
549. 6
551.1
491.0
429 4
690 2
434.7
2 579 g
181 3
544 5
19,788.9 20,774.7 1, 664. 1 1, 701. 7 1,648.6 1, 824. 9 1, 820. 0
Automobiles parts and accessories
Chemicals and related products §
Coal and related fuels
Iron and steel prod (excl adv mfs )
do
do
do
do
do
6, 344. 8
do
do
do
do
229 0
547 3
1 540 2
520.6
2 991 7
do
1,745.4 2,153.6 2, 005. 6 2,018.5 1,980.1 1, 906. 4
1 720 8
2, 326. 2
504.7
895.7
Machinery total § 9
1,928.5 1, 599. 6
471 4
804 9
Tractors parts and accessories
Electrical
M!etalworking§
Other industrial
Textiles and manufactures
General imports, total J
Seasonally adjusted t
By geographic regions:
Africa
Asia
Australia and Oceania
Europe
Northern North America
Southern North America
South America
By leading countries:
Africa:
United Arab Republic (Egypt)
Republic of South Africa
Asia; Australia and Oceania:
Australia, including New Guinea
India
Pakistan
Malaysia
Indonesia
Philippines
Japan
Europe:
France
East Germany
West Germany
Italy
Union of Soviet Socialist Republics
United Kingdom
North and South America:
Canada
Latin American Republics total 9
Argentina
Brazil
Chile
_
___
do
do
18,684.0' 21,366.4 1, 632. 9 1, 716. 0 1,797.6 1, 997. 1 1, 966. 7 2, 159. 9 1, 828. 7 1, 822. 5 2, 245. 7 2, 071. 2 2, 092. 5 2, 193. 5 2, 072. 0
1, 663. 1 1, 763. 6 1, 806. 8 2, 005. 9 1, 903. 3 2, 034. 6 1, 935. 5 1,992.9 2,072.7 2, 138. 2 2, 070. 2 2,114.9 2, 206. 8
do .__
916.5
__ do3, 619. 5
do
439.7
do
5,307.3
68.4
875.1
'51.3
4,528.4 r 345. 5 394.7
453.5 . 41.7
36.7
6, 293. 0 ' 505. 5 486.8
89.1
423.4
47.4
489.9
87.9
411.0
55.5
621.1
81.1
412.4
35.2
592.3
90.0
446.6
37.7
661.5
70.9
373.8
37.8
556.5
72.2
375.6
43.3
534.1
119.0
438.0
41.7
689.8
88.5
434.6
48.6
637.7
102.5
416.2
41.4
644.4
75.7
449.8
69.0
656.8
79.4
448.8
50.8
629.3
do
do
do
4, 241. 6
1, 639. 3
2, 508. 5
4, 837. 1
1, 741. 1
2,626.2
400.5
114.5
173.2
408.3
123.1
198.9
414.7
118.2
214.1
416.4
136.4
268.4
448.9
151.9
243.2
470.1
178.0
274.7
403.1
161.3
225.2
417.0
153.9
225.4
520.7
182.8
252.7
472.8
170.0
218.8
511.4
156.1
219.6
554.6
155.5
230.7
477.1
149.6
236.1
do
do
16.2
249.5
16.1
225.1
2.6
8.2
.6
15.3
.5
27.6
.6
16.3
.5
26.3
1.2
25.6
2.8
16.5
1.0
14.1
1.9
31.3
3.6
17.4
.8
37.2
2.0
21.9
1.4
23.1
do
do
do
do
do
do
do
281.1
304.5
40.0
161.1
169.7
387.2
1,768.0
314. 1
348.0
44.8
211.9
165.3
369.1
2, 414. 1
25.9
23.7
4.0
16.7
10.2
25.6
194.5
25.1
28.0
4.2
13.6
10.8
35.3
231.0
35.1
31.8
3.6
24.5
14.7
33.5
224.1
43.0
27.0
3.3
18.6
16.2
31.2
227.8
23.2
27.3
2.6
18.5
13.8
28.5
231.3
28.7
33.8
5.3
26.9
15.7
39.9
221. 9
26.2
28.9
6.3
8.3
12.5
29.2
200.8
.31.6
25.4
5.5
18.7
12.6
32.5
190.0
24.3
26.0
6.5
10.4
16.3
40.6
250.1
27.3
29.0
5.7
17.1
18.8
34.6
245.4
27.0
27.6
5.9
15.4
16.0
.21. 8
234.8
50.2
26.9
5.1
13.0
18.2
35.2
245. 9
30.3
23.0
6.0
12.9
11.7
40.6
256.5
do
do
do
do
do
do
615.3
495.0
6.7
6.5
1, 171. 1 1,341.6
526. 2
619.7
20.2
42.6
1, 143. 2 1,405.3
'54.8
.2
110.6
49.1
3.3
118.4
53.3
.3
91.2
56.1
2.4
112.1
41.7
1.4
110.4
53.1
1.9
111.8
54.7
.3
135.7
58.5
8.2
148.2
54.3
.4
133.1
58.8
3.5
137.1
61.5
1.2
131.9
67.9
5.7
165.3
47.6
.5
130. 1
49.3
1.9
124.5
50.4
.4
119.7
51.6
4.8
106.0
63.8
.8
156.8
58.5
3.4
151.7
53.3
.5
131.8
56.1
3.7
138.0
61.3
.8
141.7
58.4
4.5
149.7
58.5
.6
151.3
64.9
4.5
144.1
58.4
.7
149.4
61.2
5.0
138.6
do
4,238.5
399.4
407.6
413.5
416.0
448.6
469.7
402.5
416.9
519.9
472.8
510.8
554.3
476.4
380.5
323.8
328.7
369. 1 - 326.3
318.3
326.1
327.9
10.8
63.0
11.5
11.3
48.5
19.4
9.3
48.1
17.2
14.4
44.9
16.2
13.7
43.1
18.0
14.5
48.1
17.9
11.3
42.3
20.0
4,831.9
do
3,523.7
3, 676. 6
238.6
270.4
276.2
348.5
342.4
do
do
do
111.3
534.7
218.2
122. 1
511.9
209.4
8.9
27.8
9.9
10.4
36.1
11.9
11.8
54.3
18.9
11.3
65.6
24.9
10.4
62.9
23.1
24.1
Colombia
do
280.4
276.7
18.8
22.8
Cuba
do
0
0
C1)
0)
0)
Mexico
do
39 2
643.1
637.9 '39.2
41.8
Venezuela
do
68*. 9
956.4 1.020.6 '71.2
77.5
r
Revised.
* Preliminary.
1 Less than $50,000.
2 Military grant-aid shipments for
Dec. 1965 (ordinarily included with Jan. 1966 data^ are included in Feb. 1966 data; subsequent
months will include these shipments on a 2-months delayed basis.
^Revisions for Jan.Nov. 1964 will be shown later.
9 Includes data not shown separately.
QSee similar
12.9
42.9
22.2
20.7
20.9
20.1
27.8
26.8
15.0
27.0
31.6
22.6
31.4
0
0
0
0
0
0
0
0
0
0
73.1
58.7
64 8
63.7
65.2
70.1
54.6
65.5
62.9
47.3
82.2
84.6
90.9
111.6
69.0
81.7
70.3
110.1
84.5
84.6
note on p. S-21.
cfData for semimanufactures reported as "special category" are included
with finished manufactures.
AManufactures of tobacco are included in the nonagricultural
products total. §Excludes some "special category" exports.
SUEVEY OF CURRENT BUSINESS
September 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
1965
July
Annual
S-23
Aug.
Sept.
1966
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
Imports for consumption total
By economic classes:
Crude materials
Crude foodstuffs
Manufactured foodstuffs and beverages
Semimanufactures
Finished manufactures
By principal commodities:
Agricultural products total 9
Cocoa (cacao) beans incl shells
Coffee
_ - -_
Rubber crude (incl latex and puayule)
Sugar (cane or beet)
Wool and mohair unmanufactured
Nonagricultural products total 9
mil $
1,635.4 1,727.1 1,795. 0 2, 003. 9 1, 952. 9 2, 129. 8 1 800 8 1, 806. 2 2 231 7 2, 003. 7 2, 065. 7 2,175 6 2, 051. 3
3, 444. 1
2 034 0
1,812 0
3, 988. 3
7, 321. 5
do
4 104 4
4, 092. 2
262.3
319.0
354.1
411. 2
399.0
428.6
353 3
371. 6
431 2
390.4
358.3
387.2
342.8
do
do
do
do
do
130 9
1, 200. 3
200 6
458.4
205 3
120.5
1, 060. 2
182 3
444.7
235.1
8.6
59.4
12 8
22.3
16.9
11.3
77.8
11.2
42.7
19.1
14.5
83.6
15.3
48.8
20.1
8.9
128.7
17.4
50.8
17.9
7.6
125.9
17.2
41.0
18.4
7.4
113.5
17.2
51.7
17.5
13 4
93.0
94
16.7
23 7
18.0
102.5
18.3
28.8
21.1
15 4
118.2
15 2
36! 3
27 9
10.1
97.1
18 7
37.8
29.2
12.6
91.2
16 4
30.1
18.5
62
80.2
17 2
47.2
21 4
9.3
74.6
11 3
61.8
16.2
do
Furs and manufactures
do
Iron and steel prod. (excl. adv. mfs.) do
Nonferrous ores, metals, etc.:
B auxite crude
do
Aluminum semimfs (incl. calcined bauxite)
mil $
Copper crude and semimfs
do
Tin, including ore
do
Paper base stocks
_
Newsprint
Petroleum and products
18,600.3 21, 281. 8
do
do
do
do
do
"~
14 495 9 17, 189. 6 1 373 11 408 11 440.9 1, 592. 7 1, 553. 9 1 701 2 1 447 5 1, 434. 6 1 800 5 1,613 3 1 707.4 1,788 4 1, 708. 5
116.6
819.9
128.8
7.6
7.1
6.5
6.5
4.9
20.2
15.7
14.7
20.3
11.7
12. 7
13.1
7.8
125.8
143.0
13.7
13.7
11.1
11.4
12.7
12.4
12.4
9.3
13 6
11.4
13.5
10.4
7.9
199 0
340.2
111.7
270.5
302.2
168.6
25.1
23.0
10.5
24.4
27.9
9.2
20.3
25.4
16.5
23.9
35.4
13.1
22.6
24.3
18.1
29.1
26.8
34.2
15 5
16.0
14.6
27.0
18.1
6.3
32 5
25 7
7.4
29.7
23.7
16.8
30.0
29.0
18.0
30.9
26.8
9.9
25.4
35.8
10.6
405.5
752.5
1, 872. 4
451.7
789.6
2, 063. 3
34.9
64. 4
147.4
37.4
65.1
159.4
36.4
70.5
164.0
36.3
67.6
172.0
41.2
67.2
150. 1
37.7
78.5
200.2
31.5
68.7
99.6
33.5
63.6
178.2
42.1
75 6
215.4
35.0
71.0
157. 6
39.1
78.4
154.3
40.0
81.0
182.8
38.6
63.9
177. 6
143
146
102
144
152
106
141
149
106
137
146
106
139
147
105
158
166
105
159
167
105
167
175
105
*>138
P146
P106
P143
pl51
*106
*177
P188
"106
135
133
99
1153
i 152
199
140
139
99
148
146
99
154
153
99
171
170
100
168
168
100
184
184
100
*>156
v 156
P 100
M56
*156
plOO
P190
P 192
"101
"176
P 179
* 100
* 176
p 187
P 101
P185
Pl77
plOl
thous. sh. tons
_
mil. $
171, 055
17, 004
171, 810
16, 927
16, 340
1,448
15, 675
1,342
14, 997
1,346
17, 279
1,563
16, 304
1,527
14, 733
1,618
12, 423
1, 340
13, 480
1,396
15, 461
1,740
thous. sh. tons
mil. $.
233, 808
13, 437
255,454
14,935
20, 532
1,124
22, 078
1,225
21, 222
1,295
22, 304
1,412
20, 381
1,352
24,222
1,474
19, 010
1,264
17, 572
1,212
21, 982
1,479
thous. sh. tons
mil $
163.3
228 7
1 844 6 2 289 4
17.5
180 3
18.2
189 6
17.9
173.1
19.2
202.0
22.6
234.4
21.2
231 9
18.9
221 1
20.0
220 5
22.9
226 4
24.5
"224 4
21 1
240 2
20.9
225.2
7.5
104.9
6.8
95.1
8.1
94.0
8.3
144.8
8.7
123.9
11 7
154.7
8.2
112.0
7.3
118.2
9.4
150.8
89
137 1
90
129 2
9.6
142.3
87 1
94 1
23 g
7 4
51
91.0
98 4
22 4
7 2
r
4. 9
p 35 7
*>33.9
22.3
579
22.3
590
22 3
566
22.4
506
-
-
do __
do
_ _ do_ _
Indexes
Exports (U.S. mdse., excl. military grant-aid) :
Quantity
1957-59=100
Value
do_ _
Unit value
do
Imports for consumption: c?
Quantity
_ _ _ _ do
Value
do
Unit value
do _
Shipping- Weight and Value
Waterborne trade:
Exports (incl. reexports) :§
Shipping weight
Value
General imports:
Shipping weight
Value
Airborne trade:
Exports (incl. reexports) :
Shipping weight
Value
General imports:
Shipping weight _
Value
thous. sh, tons
mil. $
64.3
956.1
96 1
1, 315. 9
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers
Scheduled domestic trunk carriers:
Financial operations (qtrly. total):
2,831
3,306
885
Operating revenues, total 9
_ mil. $
Transport, total 9
__. do_ _
2,805
3,278
878
Passenger
do
2,527
2,933
788
Property.- _ _
do
218
55
187
U.S. mail (excl. subsidy). ._ _
do
74
65
17
Operating expenses (incl. depreciation) do
2,531
2,886
739
Net income (after taxes)
_
do
223
136
79
Operating results:
Miles flown (revenue)
mil
82.1
822. 1
940.9
83.6
79.7
Express and freight ton-miles flown do
921.6
73.0
77.6
86.7
726.9
Mail ton-miles
flown
do
219.6
16.5
17 2
17.7
184 7
Passengers originated (revenue) _
do
6.3
71.4
6.1
61.9
6.8
49.2
Passenger-miles flown (revenue)
biL
4.6
41.9
4.9
4.2
Express Operations (qtrly.)
Transportation revenues
mil. $
431.4
412.4
106.7
Express privilege payments
do
119.3
31.1
118 2
Local Transit Lines
Fares, average cash rate
cents
22.2
22.2
22.2
21.2
22 1
Passengers carried (revenue)
mil
523
559
6 854
519
6 787
Operating revenues (qtrly. total)
mil. $_"
1,408 P 1, 427
Motor Carriers (Intercity)
Carriers of property, class I (qtrly. total):
Number of reporting carriers
2 1, 018
Operating revenues, total..
mil. $
6,176
Expenses, total
do
5,890
Freight carried (revenue)
mil. tons
366
f
1
Revised.
p Preliminary.
1 See note "rf " for this page.
2 Number of carriers filing
complete reports for 1964. s AS compiled by Air Transport Assn. of America.
4
Reflects New York City 13-day transit strike.
9 Includes data not shown separately.
854
846
747
61
22
762
49
83.0
95.0
19.4
6.3
4.2
78.8
85.2
19.9
5.9
38
84.5
92 9
29 4
63
4.5
876
868
775
58
21
788
45
84.9
75 9
19 8
6.3
4.4
78.0
79.4
20. 2
5.8
4.0
103.9
25.6
119.1
32 5
22.2
589
22.3
574
22.3
601
87 9
96 3
24 2
69
4 7
22.3
477
4
22.3
528
22.3
607
cf Beginning Jan. 1965, indexes are based on general imports, instead of imports for consumption as formerly.
§Excludes "special category" shipments and all commodities exported under foreign-aid
c
programs as Department of Defense controlled cargo.
Corrected.
SURVEY OF CUREENT BUSINESS
S-24
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
| 1965
Annual
September 1966
1965
Aug.
July
1966
Oct.
Sept.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
154.7
155.0
159.8
155.7
2,229
329
35
161
209
2,434
464
36
163
206
2 2, 966
2528
2 42
2201
2283
2,175
Aug.
TRANSPORTATION AND COMMUNICATION—Continued
TRANSPORTATION— Continued
Motor Carriers (Intercity) — Continued
Freight carried, volume indexes, class I and II
(ATA):
Common and contract, carriers of property
(qtrly )
average same period, 1957-59=100
Common carriers of general freight, seas, adj.*
1957-59=100
Carriers of passengers, class I (qtrly.) :§
Number of reporting carriers
Operating revenues total
mil. $
Expenses, total
do
Passengers carried (revenue) _ _ _
__ * mil
Class I Railroads
Freight carloadings (AAR) :
Total cars
__
___
__ thous
Coal
do
Coke
do
Forest products
do
Grain and grain products. _._
do
Livestock
do
Ore
_
do
Merchandise, l.c.l
do
Miscellaneous
do
Freight carloadings, seas. adj. indexes (Fed. R.):
Total
1957-59=100
Coal
_
do
Coke—
_-do
Forest products _
.
d
o
Grain and grain products
do
Livestock _
_
__ _ do _
Ore
do ___
Merchandise, l.c.l
do
Miscellaneous..
_
_ _ _ _ _ do
Financial operations (qtrly.):
Operating revenues total 9
mil. $
Freight
do
Passenger .
do
Operating expenses
do
Tax accruals and rents
do
Net railway operating income
do
Net income (after taxes)
do
Operating results:
Ton-miles of freight (net) , revenue and nonrevenue (qtrly )
bil
Revenue ton-miles*
do
Revenue per ton-mile (qtrly avg )
cents
Passengers (revenue) carried 1 mile (qtrly ) mil
Waterway Traffic
Clearances, vessels in foreign trade:
Total U S ports
mil net tons
Foreign vessels
do
United States vessels
do
Panama Canal:
Total
thous. Ig tons
In United States vessels
do
Travel
Hotels:
Rooms occupied
% of total
Restaurant sales index same mo 1951 ~~ 100
Foreign travel:
U S. citizens* Arrivals
thous
Departures
do
Aliens* Arrivals
do
Departures
do
Passports issued and renewed
„
do
National parks, visits __
_ _
do
Pullman Co. (qtrly.):
Passenger-miles (revenue)
mil
Passenger revenues
mil $
COMMUNICATION (QTRLY.)
Telephone carriers:
Operating revenues 9
mil $
Station revenues
do
Tolls, message 13
do
Operating expense (before taxes)
do
Net operatinp income
do
Phones in service, end of period
mil
Telegraph carriers:
Domestic (wire-telegraph):
Operating revenues
mil $
Operating expenses incl depreciation
do
Net operating revenues
do
International:^
Operating revenues
do
Operating expenses, incl. depreciation
do
Net operating revenues
do
137.6
150 9
131.9
144.3
i 147
568. 4
483.5
211.2
148.8
141.6
141.5
1
147
604.7
511.5
213.2
144.3
151.7
153.8
147
188.1
142.6
59.4
r
154 7
154. 5
154 6
147
147 2
127.8
53.2
2,292 2 3, 108
448
2610
2
31
36
158
2200
2284
200
29,027
5,530
423
1,960
2,625
29, 554
5,679
440
2,003
2,657
2,198
368
33
149
217
153
2,005
639
15,693
1°5
1,962
465
16, 222
5
229
34
1,164
96
95
113
100
96
49
97
27
98
97
97
100
103
97
40
95
20
100
95
98
122
103
82
33
90
20
99
9 778
8,384
576
7 680
1,285
813
694
10, 208
8,836
553
7,849
1, 396
963
816
2,575
2,215
156
1,965
360
250
205
670 3
659.3
1 282
18 248
709.3
697.7
1 266
17, 389
178.7
175.6
1.261
5,151
185 2
181.9
1 273
4 084
202 2
166 9
35. 3
208 7
174 7
34.0
19 0
16 3
2.8
18 6
15 6
29
18 4
15.4
3.0
19 5
16 0
35
18 8
15 7
31
78. 927
9 080
6,855
496
6,809
628
6,035
716
7,065
767
7,090
973
9 53
61
111
9 71
62
112
9 10
57
112
9 99
10 15
10 44
10 41
70
112
60
109
3 351
2 913
3,341
2 841
2 093
1 890
1 653 1,819
1,330
1, 133
36, 509
33, 976
350
433
226
182
131
8,578
504
365
230
213
348
265
251
184
258
224
189
188
226
195
154
134
154
16 8
14 1
2 7
74, 210
10 750
157 1
126.1
121.5
49.3
2 668
2,316
2, 353
r467
'34
••168
-220
7
222
34
r
11
192
33
1, 210
1,220
94
101
117
99
101
34
86
18
96
94
95
95
102
102
35
81
17
96
65
106
105
8,346
66
116
80
3,631
2
2,347
472
29
160
238
2,189
465
29
156
211
2,103
434
32
147
234
2.096
413
34
150
225
2 2, 790
2542
2
8
2103
244
2198
2273
2
26
2228
Ml
1, 683
16
129
31
10
73
29
7
65
27
1,273
1,217
g
67
26
1,158
1.174
2 1, 591
1,307
1,308
93
97
82
102
99
41
83
17
95
98
100
80
106
107
50
113
17
99
102
98
83
112
114
45
117
18
105
99
94
92
103
115
34
112
16
102
97
92
94
101
110
36
103
14
101
100
99
94
105
109
33
109
14
103
97
75
101
107
108
32
149
14
101
100
105
108
107
111
32
105
13
101
2 022
355
292
276
59
1,219
155
26
226
24
2
360
33
150
236
226
23
2,357
469
32
158
232
232
24
2299
2 30
1, 575
1,143
1,202
95
98
106
103
102
31
91
13
97
94
98
118
103
89
31
89
13
96
97
100
107
98
105
34
91
13
95
458.0
2,728
2.394
132
2,518
2,207
122
1, 954
351
213
132
59
2,534
233
300
452.9
181.8
453.0 2 * 70. 4
455.8
460.1 2 * 73. 2
453.7
6,442
789
7,123
6,340
762
7,193
895
6,849
821
6,847
798
7 065
7,071
780
925
804
9 08
9 64
9 83
9 41
65
123
10 26
66
117
67
127
10 43
9.46
62
118
9 73
60
106
65
122
56
114
231
232
158
119
227
248
131
111
280
262
163
133
301
330
192
153
333
308
195
163
210
5,492
149
8,730
49
115
200
221
155
152
59
817
84
741
104
762
176
1,075
187
1,766
200
r 2, 625
2 218
37 76
2 014
34 55
556
458
8 04
8 15
10 938
5 922
- 3 827
6 496
1 924
77.4
11 750
6 272
4,188
7 076
2 091
81 5
2,964
1,573
1,064
1 765
538
80.4
3 056
1 620
1,108
1 873
3,104
1,637
1,124
1 849
3,210
1,669
1,185
1,890
530
556
81.5
82.7
83.6
299 4
264 2
21 1
305 6
267 4
23 8
77 3
68.6
77 3
65 7
76.8
66.9
80.2
67.8
5.3
6.6
107 4
»83.0
3
17 6
112 2
87.0
21 0
27.0
21.2
50
29.2
22.4
6 0
28.9
21.7
6 2
132
8,572
474
9 38
29.9
22.1
6.8
r
Revised.
* Preliminary.
* Number of carriers filing complete reports for 1964 and
2
3
1965.
Data cover 5 weeks; other periods, 4 weeks.
Revised total; quarterly revisions
are not available.
4 Preliminary estimate by Association of American Railroads.
*New series. The monthly motor carrier index (ATA) is based on a sample of carriers
that represents approximately one-third of the class I and II common carriers of general
freight; monthly data back to 1955 are shown on p. 40 of the July 1966 SURVEY. Railroad
revenue ton-miles are compiled by Interstate Commerce Commission.
148 9
143.1
5.3
9.0
589
§Effective 1st qtr. 1965, carriers reporting both intercity and local and suburban schedules
are classified as intercity if intercity revenues equal or exceed 50 percent of revenues from
both operations.
9 Includes data not shown separately.
cf Radio-telegraph and cable carriers. Comparability of data between periods shown has
been affected by organizational changes: certain operations reported prior to 1965, and others
reported through mid-1965, are no longer covered.
SURVEY OF CURRENT BUSINESS
September 1966
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1965
Annual
S-25
July
Aug.
Sept.
1966
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
1,278
1,533
1,370
832.9
87.0
517,1
110.1
437. 4
16, 065
352.7
920.2
100.5
593.5
121.4
450.5
18, 303
394.7
851.9
101.1
573.3
123.3
431.3
17, 636
405.0
386.4
11.4
532.3
439.1
12.6
628.1
44.7
65.4
May
June
July
Aug.
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
1,399
1,139
16,548
1,380
1,385
1,523
1,411
1,358
Acetylene
- --mil. cu. ft— 15, 964
Ammonia, synthetic anhydrous (commercial)
737.6
762.1 816.6
698.2
701.4
707.4
846.6
thous. sh. tons . 7,634.3 8,607.4
97.5
114.2
104.2
1, 119. 6 1, 173. 8
87.9
88.5
84.4
112.6
Carbon dioxide liquid, gas, and solid _ _ _ _ _ d o
559.6
5,945.2 6. 438. 9
535.2
517.2
542.0
583. 2
540.0
561.5
Chlorine gas (100% Ch)
do
113. 4
1,264.2 1.310.0
108.9
116.8
120.6
105.8
102.9
119. 5
Hydrochloric acid (100% HCl)
.. do
350.2
400. 7
448.6
441.0
4, 732. 5 4, 860. 0
465.7
386.7
471.0
Nitric acid (100% HNOs)
do
Oxygen (high purity)
mil. cu. ft 153,387 182, 404 15, 064 15, 571 14,426 15,409 14, 753 15, 543 16, 603
343.6
313.7
330.3
343.3
361.1
333.5
Phosphoric acid (100% T^Os).. thous. sh. tons.. 3,283.0 3, 845. 1 306.9
Sodium carbonate (soda ash), synthetic (58%
409.2
422. 7
414.6
411.8
398. 5
431.3
411.6
Na20)
thous. sh. tons-- 4, 947. 9 4, 931. 0
11.8
137.9
138.2
9.5
12.2
10.6
12.0
11.7
12.4
Sodium bichromate and chromate
do
530.1 580.6
558.4
16,389.0 6. 723. 5
572.0
563.0
604.1
584.5
Sodium hydroxide (100% NaOH)__..
do
Sodium silicate (soluble silicate glass), anhydrous
55.2
564.6
45.4
50.8
50.3
589.8
49.6
52.3
thous. sh. tons__
38.7
Sodium sulfates (anhydrous, refined; Glauber's
125.9
123.1
108.1
122.0
120.3
121.3
128.1
salt' crude saltcake)
thous. sh. tons. 1, 315. 6 1. 392. 4
22,923.5 24. 822. 0 2, 001. 6 2, 120. 9 2, 088. 8 2, 175. 8 2,060.8 2, 211. 7 2, 168. 0
Sulf uric acid (100% HsS 04)
_do
Organic chemicals, production :c?
Acetic anhydride
__ _..
Acetylsalicylic acid (aspirin)
Creosote oil
-
r
1, 395
1,360
' 976. 1
r
110. 1
r
587 4
912.4
118.8
560 2
121 4
394.9
17 845
362.4
r 132. 6
r 428. 9
!8 634
>• 406. 2
r
423.0 ' 452. 6 432.9
12.6
11 9
11 6
605.2 ' 625. 9 595.3
54.7
39.2
49.9
111.6
129.4
119.2 r 123 8
118 7
2,091.5 2,297.2 2,420.7 r2 314 9 2, 179 4
mil. lb._ 11,399.2 1,533.9
J
29.0
28.2
do
mil. gal __ 1 113. 3 2 108. 4
128.4
2.3
10.7
128.0
2.3
9.0
156.5
2.6
8.7
134.4
3.0
7.9
128. 8
2.6
8.1
139.8
2.6
7.9
123.1
2.7
7.5
130.6
2.7
7.6
135.2
31
10.5
129.0
2.8
9.0
122.3
2 9
9 7
137.9
29
90
116 9
24
84
- mil. lb__ i 123. 7
do __ 1 117. 7
*2, 839.9
do
144.6
107.3
3, 085. 5
13.2
8.7
253.2
13.5
8.7
252.3
11.3
13.2
274.1
9.6
10.9
252.8
10.0
9.9
263.4
13.9
7.8
290.5
13.4
6. 4
278.4
12.3
8.0
269.9
12 0
8.3
309.7
14 2
11.9
290.1
14 0
10 5
296. 1
11 4
91
315.4
12 2
8 7
274 6
do __
do
mil. gaL_
mil Ib
320.1
27.6
1397.7
i 555. 5
353. 2
24.7
433.3
579.1
25.7
28.6
37.3
49.1
30.3
28.2
36.0
48.1
27.9
29.8
34.1
47.7
33.7
32.6
35.1
47.5
30.5
28.4
36.1
47.1
28.3
24.7
42.1
53.1
28.8
30 3
39.4
55 0
28.6
28.6
36.0
49 0
29 8
30 0
39.6
57 3
30 1
16 6
39.1
54 9
29 9
20 8
36.7
57 1
32 4
20 1
33.2
55 7
25
20
54
54
mil. tax gal. _
do^ __
do
do
684.5
192.9
551.0
68.0
710.1
200.5
586.2
69.0
56.9
191.1
51.0
4.9
54.9
196.3
45.4
5.3
60.6
196.9
46.1
6.1
74.0
197.8
46.9
6.7
62.7
200.3
45.8
7.5
62.3
200 5
47.6
5.2
54.8
208.4
50.6
4.9
49.5
211.9
46.4
5.1
54.6
211 5
52 0
6 5
53.1
208 5
45.7
6.1
_
_mil. wine gal__
do
do
296.8
296.7
3.4
315.9
315.2
5.4
27.4
27.0
5.6
24.3
24.7
5.2
24.8
25.2
4.7
25.3
24.6
5.5
26.3
27.2
4.4
25.6
25.5
5.4
27.2
29.2
3.4
24.9
24 3
4.0
28 0
28 1
38
24 6
24 6
37
25 3
25 9
37
26 2
26 4
33
thous. sh. tons__
_
do __
do
do
9,578 3 10. 810
799 31,196
7,145 3 8, 104
1,026 3 1, 053
1,005
126
703
116
1,039
97
803
101
935
157
624
120
1,119
151
805
129
944
135
674
97
895
106
666
96
869
74
725
58
1,152
173
852
89
1,150
272
747
47
1 002
103
786
74
1 174
192
854
73
1 086
128
736
115
1 378
140
1 000
115
10
5
82
32
12
g
118
33
DDT
Ethyl acetate (85%)
...
Formaldehyde (37% HCHO)
Glycerin, refined, all grades:
Production
Stocks end of period
Methanol, synthetic and natural
Phthalic anhydride
6
4
9
7
ALCOHOL
Ethyl alcohol and spirits:
Production
Stocks, end of period
_
Use for denaturation __
Taxable withdrawals
Denatured alcohol:
Production.
Consumption (withdrawals)
Stocks, end of period _
_
52
206
46
7
9
8
9
1
50
207
48
6
8
9
6
1
FERTILIZERS
Exports, total 9
Nitrogenous materials
Phosphate materials
Potash materials
__-
Imports, total semimanufactures 9
Ammonium nitrate _
Ammonium sulfate
.
Potassium chloride
Sodium nitrate
. _
_
do
- d o
do
do
. d o
Potash deliveries (K2O)
__do
Superphosphate and other phosphatic fertilizers
(100%P205):
Productionthous. sh. tons..
Stocks, end of period
_ _ _ _ do _
2,799
200
176
1,195
363
177
181
1.780
398
16
10
76
26
19
6
191
22
14
14
179
17
14
7
227
8
21
10
136
50
15
10
183
47
9
18
181
18
11
19
139
17
15
26
290
44
20
20
284
38
15
10
175
43
3,088
3,342
199
357
234
307
208
250
335
238
495
691
401
3,465
431
3,831
469
275
450
304
459
302
411
338
425
334
463
348
469
349
505
363
548
422
413
400
293
402
383
r
373
528
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments, quarterly:
Black blasting powder _ __ _
mil. Ib
.9
High explosives__ __ __ _
do
1, 281. 6
Paints, varnish, and lacquer, factory shipments:
Total shipments
mil $
2, 002. 2
Trade products
_ _
_
do
1, 173. 4
Industrial
finishes
do
828.8
Sulfur, native (Frasch) and recovered:
Production
thous. Ig. tons
6,250
Stocks (producers'), end of period
do_—
4, 227
.8
1,459.4
.2
396.3
1
471 7
2
371 4
.2
396.8
2, 169. 3
1, 246. 7
922. 6
200.6
124.3
76.3
195.7
122.0
73.7
188 0
112.6
75.4
178.1
99.7
78.4
167 9
90.5
77 A
146 8
73.4
73.4
164 6
85 3
79 3
165 2
84 6
80.6
207 3
116 0
91.3
208 7 r 220 9
120 9 r 129 2
87 8 r 91 7
234 3
141 9
92 4
7,304
3,425
627
3,881
628
3,825
531
3,670
645
3,710
621
3,611
637
3,425
670
3,346
611
3,281
673
3,213
664
3,128
708
3,021
683
2 984
169.6
11.8
12.6
15.6
21.4
14.0
13.5
13.1
14.5
17.0
15.9
15 6
17 5
585. 6
47.7
51.6
51 8
49.1
43 6
45 0
47 7
48 8
59 0
55 9
55 2
55 1
324.9
388.0
919.9
595.8
28.7
32. 1
66.9
40.0
26.6
32.1
76.1
46.3
27.4
31 6
84.3
55.8
28.3
30.3
86.1
60.0
26 5
34 3
82.9
58 4
27.1
36 7
84.8
62 2
25 0
35 7
80.6
52 6
25 7
36 3
80.1
52 7
28 0
40 5
87.8
56 3
29 2
38 5
84.3
53 0
31 7
38 8
78 6
r 54 2
2, 002 5
2, 282. 0
3,047.4
150.4
169.9
254.3
168.2
185.9
262.3
179.2
197.5
264.7
171.7
206.6
278.8
172 0
203 2
267.6
180.7
218.7
282.2
179 0
215 7
279.9
177 4
214 7
260.1
191 5
221 6
291.1
197 6
221 4
274.6
PLASTICS AND RESIN MATERIALS
Production:
Cellulose plastic materials.
mil. lb._ i 161. 3
Thermosetting resins:
Alkyd resins
__ _
do
i 593. 6
Coumarone-indene and petroleum polymer
resins
mil. Ib . i 354. 3
Polyester resins
do
i 316. 6
Phenolic and other tar acid resins
do __ i 832. 5
Urea and melamine resins
do
i 570. 3
Thermoplastic resins:
Styrene-type plastic materials (polystyrene)
1
1,728.9
mil. Ib
Vinyl resins (resin content basis) _ ___ do
i 2,066.8
Polyethylene
do
i 2,613.4
r
2
Revised.
i Revised annual total; revisions are not distributed to the monthly data.
Beginning Jan. 1965, data exclude creosote in coal-tar solutions (formerly included); these
averaged 930,000gallons per month in 1964.
s gee note "O" for p. S-21
r
29
40
84
58
7
9
3
0
'207 3 203 2
225 1
215 6
' 288! 7 292. 7
cfData are reported on the basis of 100 percent content of the specified material unless
otherwise indicated.
9 Includes data not shown separately.
SURVEY OF CUEEENT BUSINESS
S-26
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
September 1966
1966
1965
Annual
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total J
mil kw ~hr
1 083 7411 156 929 101 631 103 858
97 081
95 722
95 299 102 182 105 254
94 962 101 899
96, 667 100, 559 105, 367
do
do
do
Industrial establishments total
By fuels
By waterpower
95 240
79 571
15 670
88 877
73, 875
15 002
86 985
71, 675
15 310
86, 723
71, 260
15 463
93 480
76, 963
16 517
96 468
79,896
16 571
86 865
71 577
15 288
93, 057
74, 890
18, 167
88, 079
71, 759
16, 321
91, 630
73, 193
18, 436
96, 492
80, 271
16, 221
do
do
806 446
177 544
855 632
199 158
76 062
17 040
77 925
17 316
69 Oil
19 866
70 998
15 987
70 606
16 117
75 699
17 781
77 844
18 624
70 172
16 692
75 354
17, 703
71 694
16 385
73, 857
17, 772
78, 663
17, 830
99 751
96 523
3 228
102 139
98 988
3 151
8 530
8 298
8 617
8 407
8 204
8,001
8 737
8 497
8,841
8, 527
262
315
8,587
8,269
318
8,929
8,610
263
8,786
8,520
266
8 097
7,835
240
8,576
8,323
252
8 702
8 438
203
320
8,875
8,600
274
890 356
Privately and municipally owned util
Other producers (publicly owned)
983 990 1 054 790 93 102
806 917 861 342 77' 178
177 073 193 448 15 924
do
do
do
Electric utilities total
By fuels
By waterpower
qeq 441
80 576
83 922
83 712
80 488
78 551
81 969
84 755
84 418
84 035
82 324
82 001
84 542
19 536
37 269
19 021
37, 183
17 770
36, 824
16, 603
36, 707
16 699
37 043
17, 005
36, 836
16, 988
36, 183
17, 034
37,711
17, 164
37, 800
17, 482
38, 726
19, 110
39, 159
Commercial and industrial:
Small light and power §
Large light and power§
do
do
183 539
409 356
202 128
433 342
Railways and railroads
Residential or domestic
Street and highway lighting
Other public authorities
Interdepartmental
do
do
do
do
do
4 721
262 010
8 290
20 651
1 789
4 653
280 999
8 783
21 675
1 859
232
18 745
35 851
211
357
353
23 023
24 100
24 474
675
722
1 797
1 791
644
1 775
181
353
167
192
367
22 759
381
22, 075
773
816
1 825-
1,811
169
158
401
406
410
382
24 866
27, 589
27, 976
26, 024
24, 001
797
776
727
1 971
1, 923
1 944
1,928
2,111
408
863
120
866
135
125
151
138
362
350
22, 433
22, 872
2,144
2,231
689
166
664
155
Revenue from sales to ultimate customers (Edison
"Rlftctric Institute)
mil $ 14 408 5 15 158 8 1 287 0 1 325 8 1 332.2 1 284 0 1, 242. 2 1, 288. 4 1, 326. 4 1, 324. 6 1, 304. 7 1, 282. 8 1, 278. 3 1, 327. 1
GAS
Manufactured and mixed gas:
Customers end of period total 9
Residential
Industrial and commercial
thous
do
do
798
745
52
698
655
42
690
649
41
698
655
42
699
655
43
mil therms
do
do
1 541
976
552
1 370
818
544
168
67
100
349
213
132
532
346
186
Revenue from sales to consumers total 9 mil $
Residential
do
Industrial and commercial
do
165 2
117 3
46 9
129 7
86 7
42 4
16 5
9 0
7 4
32.7
22.1
10 4
48 0
33.5
14 5
thous
do
do
36 298
33, 350
2,908
37 130
34, 101
2,987
36, 290
33, 414
2,836
37, 130
34, 101
2,987
37, 282
34, 215
3,077
mil therms
do
do
114 340
37 699
71 293
117 900
38 764
75' 434
21 820
3 351
17, 216
29 476
9,307
18, 815
41, 253
18, 272
22, 981
6 960 2
3 772 3
2 998 1
7 231 7
3 911 6
3 195 9
1 126 9
' 448' 8
640 1
1 803 8
957 8
797 8
2 748 8
1 675 4
1 073 4
Sales to consumers total?
Residential
Industrial and commercial
Natural gas:
Customers end of period total 9
Residential
Industrial and commercial
Sales to consumers total 9
Residential
Industrial and commercial
Residential
Industrial and commercial
do
do
___
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production
mil bbl
Taxable withdrawals
do
Stocks end of period
do
Distilled spirits (total) :
Production
mil. tax gal__
Consumption, apparent, for beverage purposes
mil. wine gal__
Taxable withdrawals
mil. tax gal__
Stocks end of period
do
Imports
mil proof gal
Whisky:
Production
mil. tax gal-Taxable withdrawals
do
Stocks, end of period
_._._
do
Imports.-..
-_-__
mil. proof gal__
Rectified spirits and wines, production, total
mil. proof gal_ _
Whisky
do
Wines and distilling materials:
E ff er vescent wines :
Production
mil. wine gal-Taxable withdrawals
do
Stocks, end of period
do
Imports
__
_
do
Still wines:
Production
do
Taxable withdrawals
do
Stocks, end of period
do
Imports
do
Distilling materials nrorhifip,rl at winp.riAs
r
do
105. 90
98.64
9.99
108. 21
100. 41
10.30
10.42
9.85
12.38
9.66
9.61
11.68
9.08
8.49
11.58
7.71
7.60
10.83
8.13
8.03
10.30
7.76
6.69
10. 88
7.39
6.66
11. 0.7
10.31
8.73
11.83
9.82
8.54
12. 34
10.14
9.06
12.62
11.51
10.74
12. 58
162. 94
185. 06
8.32
13.04
15.84
19.11
20.02
19.65
17. 32
17.02
19.82
17.63
17.59
16.70
275. 86
133. 17
862 42
50.60
«• 293. 38
138. 52
872. 90
58.04
22.18
9.85
866. 20
3.41
21.76
10.65
865.42
4.33
24.02
11.84
865. 73
5.26
26.62
16.26
865. 31
6.31
30.86
15.05
865. 82
7.31
36.15
10.06
872. 90
6.73
19.15
9.40
877. 94
3.34
20.59
10.58
881. 60
3.83
25.75
12.07
886. 20
5.14
23.54
11.93
888. 94
4.52
24.81
13.40
889. 41
4.66
26.34
12.63
890. 76
4.99
3.66
112.87
89.44
832. 18
40.81
126. 88
90.06
835. 85
51.10
3.76
5.65
836. 60
3.00
9.36
6.62
836. 20
3.82
10.91
7.94
836. 22
4.68
11.85
11.12
833.24
5.64
13.16
10.47
832. 11
6.53
12.92
6.58
835. 85
5.95
13. 28
6.20
840. 16
2.94
12.49
7.50
842. 55
3.31
15.06
7.87
846. 87
4.49
13. 18
7.41
850. 07
4.00
12.71
8.15
851. 45
4.07
11.50
7.56
852. 97
4.38
2.82
92.24
65.60
94.00
64.80
6.31
4.38
7.54
5.09
8.26
5.78
10.96
8.11
10.84
7.82
6.97
4.50
6.40
3.93
6.98
4.83
8.50
5.81
8.10
5.36
9.49
6.38
8.12
5.06
5.82
5.35
2.66
1.19
7.29
6.25
3.10
1.45
.32
.31
3.60
.07
.52
.41
3.66
.08
.52
.58
3.54
.09
.59
.73
3.31
.20
.77
.91
3.14
.21
.93
.86
3.10
.22
.76
.40
3.40
.11
.79
.35
3.78
.11
.88
.48
4.14
.12
.65
.49
4.26
.10
.66
.50
4.34
.13
.82
.61
4.49
.11
.08
193. 28
164. 72
231. 24
14.54
232. 26
167. 25
262. 28
14.91
1.48
9.91
146. 16
.86
3.92
13.57
137. 14
1.01
49.80
15.33
171. 61
1.19
112. 90
15.85
266. 87
1.37
35.72
16.25
279. 14
1.82
9.50
15.05
262. 28
2.01
7.37
12.00
254. 72
1.51
2.58
12.42
239. 59
.95
2.59
17.62
225. 26
1.38
2.26
12.89
213. 69
1.16
3.03
12.66
202. 10
1.48
2.30
14.91
188. 79
1.30
1.02
3fiQ 3fi
4fi8 KR
3 49
17 fin
128. 60
200. 1 1 fifi. 74
29.91
11.33
4.50
2.82
4.4fi
2.31
1.65
Revised.
{Monthly revisions for 1964 appear on p. 43 of the June 1966 SURVEY; production data for
all periods shown here include Alaska and Hawaii.
7.81
7.50
11.28
§Data are not wholly comparable on a year to year basis because of changes from one
classification to another.
9 Includes data not shown separately.
S-27
SURVEY OF CURRENT BUSINESS
September 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
Annual
1966
1965
1965
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
July
Aug.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS
Butter, creamery:
Production (factory)
Stocks, cold storage, end of period...
Price, wholesale, 92-score (N.Y.)
Cheese:
Production (factory), total
American, whole milk
104.0
219.5
.602
84.0
192.5
.620
73.3
161. 1
.627
77.8
124.8
.636
77.8
83.0
.641
90.8
52.1
.646
' 99. 2
33.7
.601
92.2
26.6
.627
101.5
25.5
.643
106.2
34.3
.632
116.4
53.2
.641
114.8
84.7
.666
83.9
'92.2
.717
1, 726. 5 ' 1,754. 0 '•162.9
1,157.4 ' 1,160. 1 ' 113. 2
142.5
96.7
127.9
82.1
126.8
77.3
119.4
70.0
130.0
76.1
132.4
81.0
127.6
78.3
158.7
.100.2
165. 6
113.0
184. 2
130.5
194.5
138.3
169.5
116.6
mil. lb_. 1, 441. 5
66.5
do
.599
$perlb__
mil Ib
do
1,322.8
52.1
.610
277.6
324.0
270.7
296. 9
335.3
351.9
308.6
301.1
402.0
386.6
326.0
415.0
Stocks, cold storage, end of period
do__._
308.6
276.4
238.3
252.9
297.2
230.4
271.0
310.5
283.6
354.7
364.3
340.6
262.9
271.0
American, whole milk
__
do
5.9
6.4
9.3
11.4
7.2
7.8
5.3
11.1
4.2
11.4
78.0
4.2
Imports
do
79.3
Price, wholesale, American, single daisies (Chi.500
.470
.501
.524
.507
.490
.492
.441
.434
.439
.457
.449
.450
cago)
_
_
$ per Ib
Condensed and evaporated milk:
Production, case goods:
9.3
'9.1
11.2
'9.1
94.6
9.5
'95.9
'5.4
'7.6
'9.1 '10.3
'9.3
'8.6
C ondensed (sweetened)
mil. Ib _ _
1, 888. 1 ' 1,693. 0 '160.2 ' 149. 9 ' 136. 3 ' 123. 7 ' 110. 9 ' 120. 6 ' 117. 2 ' 118. 4 '147.0 ' 165. 6 '193.2
Evaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of period:
5.4
6.6
5.8
7.5
5.9
8.5
5.2
7.3
7.5
6.9
9.1
5.9
8.5
Condensed (sweetened)
mil. Ib
40.2
73.6
166.4
61.9
134.8
103.2
128.3
185.3
224.9
200.6
235.6
228. 2
134. 8
Evaporated (unsweetened)
do
Exports:
2.0
4.7
9.1
3.0
10.0
4.4
2.6
5.5
8.7
9.7
6.9
62.8
165.3
Condensed (sweetened)
do
3.4
4.4
2.7
1.8
2.2
3.1
2.3
2.5
2.1
37.3
124.7
2.7
2.4
Evaporated (unsweetened)
do
Price, manufacturers' average selling:
6.55
6.12
6.46
6.14
6.33
6.13
6.11
5.99
6.11
6.63
6.07
6.08
6.09
Evaporated (unsweetened)
$ per case__
Fluid milk:
9, 556
9,106
9,865
9,254 10, 645 10,874 11, 707
9,404
9,446
127, 000 125, 061 10, 856 10, 046
Production on farms
mil. Ib
4,070 ' 4, 352 ' 4, 218 '5,026 ' 5, 270 ' 5, 849
3,722
4,055
62, 883
60,577
5,554
3,866
4,800
Utilization in mfd dairy products
do
4.62
4.45
4.34
4.64
4.54
4.54
4.55
4.24
4.43
4.56
4.03
4.20
4.16
Price, wholesale, U.S. average _ $ per 100 Ib
Dry milk:
Production:
'8.1
'7.7
'7.5
'7.6
'7.8
'8.7
87.6
'8.2
. '5.7
'88.6
'6.5
'6.5
'5. 6
Dry whole milk
mil Ib
102.0 ' 105. 6 ' 129. 9 ' 130. 3 '123.2 ' 146. 0 ' 167. 5 ' 188. 0
' 2,177. 2 ' 1,992. 7 ' 172. 4 ' 131. 6 ' 100. 7
Nonfat dry milk (human food)
do
Stocks, manufacturers', end of period:
6.7
5.0
5.9,
6.0
4.3
5.0
6.2
9.2
7.0
5.0
7.6
6.8
4.9
Dry whole milk
.
do
78.1
110. 0
58.2
58.2
59.2
47.5
74.0
59.6
53.8
108. 8
136. 4
109.8
65.4
Nonfat dry milk (human food)
do
Exports:
2.2
2.0
1.2
1.0
120.0
1.2
12.3
1.8
1.8
1.1
3.1
1.7
1.1
Dry whole milk
'•
do
28.8.
14.0
16.2
9.5
6.4
69.2
21.5
53.0
64.6
16.9
838. 6
i 438. 8
63.3
Nonfat dry milk (human food)
do
Price, manufacturers' average selling, nonfat dry
.169
.150
.156
.172
.147
.148
.149
.152
.146
.146
.147
.148
.151
milk (human food)._
___$ per lb_.
363.7 ' 386. 3
315.1 '335.9
9.7
10.3
.517
.539
11.0
195. 4
.562
6.1
223.4
8.6
2.5
391.1
337.3
11.6
158.1
8.4
205.8
85.6
.736
8.3
3.5
6.64
6.78
11, 397
6,152
4.36
10, 506
5,187
'4.70
8.9
192. 5
7.0
132.0
8.7
139.3
8.8
142.3
.•5
8.3
1.2
26.0
.174
.195
143. 4
119.0
9,799
4.91
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats rye, wheat) .. .mil. bu__ 1, 385. 8 11,385.6
Barley:
Production (crop estimate)
Stocks (domestic) end of period
On farms
Off farms
Exports, including malt§
Prices, wholesale (Minneapolis):
No. 2, malting
No. 3, straight
do
do
do
do
do
Stocks (domestic) end of period total mil bu
On farms
do
Off farms
do
Exports, including meal and
flour
do
Prices, wholesale:
No. 3, yellow (Chicago)
$ per bu
Weighted avg., 5 markets, all grades
do
124.3
5.0
400.7
257.2
143.5
6.8
134. 8
144.2
131.7
112. 0
160.6
127.9
161.3
7.9
139.7
3393.9
311.5
195.2
116.3 ~~"4.~2~
5.1
4 108. 0
4
49. 2
458.8
8.0
7.3
3.0
6.3
1.21
1.13
1.33
1.27
1.34
1.23
1.28
1. 26
1.27
1.25
1.31
1.28
1.38
1.36
1.34
1.33
1.37
1.35
1.40
1.38
1.36
1.35
1.32
1.29
1.33
1.30
1.30
1.27
'1.30
1. 27
1.34
1.31
2 3, 584
193.6
2 4, 171
204.9
16.8
18.5
17.3
17.9
17.4
15.8
16.0
15.2
18.0
17.0
16.8
18. 2
16.9
34,090
18.1
3,956
2,818
1,137
481.6
4.099
3,142
956
1598.9
51.6
48.9
51.5
2,900
2,160
741
65.7
64.6
53.4
1,814
1,347
468
55.3
43.4
1.23
1.23
1.28
1.25
1.33
1.26
1.29
1.27
1.29
1.24
1.25
1.22
1.28
1.24
1.28
1. 26
1.32
1.25
1.39
1.33
2880
710
622
88
2959
783
680
103
4.6
124.3
2.3
2.9
4.3
5.6
6.9
1.1
.3
.6
.8
3.4
5.2
3.9
3.6
.74
.72
.72
.71
.70
.72
.77
.78
.78
.77
.75
.74
.78
.77
mil bu
do
do
do
Exports, including oatmeal__
_._do
Price, wholesale, No. 2, white (Chicago)
$per bu._
Rice:
Production (crop estimate)
mil bags 9
California mills:
Receipts domestic rough
mil Ib
Shipments from mills, milled rice
do
Stocks, rough and cleaned (cleaned basis), end
of period
mil Ib
Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers
mil. lb._
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
b asis) end of period
mil Ib
Experts __
do
Price, wholesale, Nato, No. 2 (N.O.)
$ per lb__
2 411. 9
311.5
195.2
116.3 "~~5.~2~
165..9
120.3
199.4
105.4
94. 0
4.5
$ per bu
do
Corn:
Production (crop estimate, grain only)__mil. bu._
Grindings, wet process. . . .
do
Oats:
Production (crop estimate)
Stocks (domestic) end of period total
On farms
Off farms
2 402. 9
309.9
190. 1
119.9
74.4
127.5
.70
2
73.1
2
4
8.5 ~"~~8.T
48.8
1 170
4604
4 566
43.3
52.9
73.6
4,099
3,142
956
66.7
1.28
1.21
1.28
1.23
1.19
1.19
1.14
1.14
1.21
1.19
783
680
103
944
806
139
•
.76
384.2
76.9
1, 523
1,025
1.491
1,033
79
76
65
28
59
46
173
37
112
77
133
85
121
137
80
49
126
105
95
59
76
97
117
61
66
54
185
207
70
87
72
122
180
207
158
162
143
146
80
111
99
25
365
98
271
442
219
.083
254
404
P . 083
18.5
1.19
1.22
5,575
3,665
5,711
M,020
238
220
907
244
1,547
385
1,403
442
482
408
337
400
332
360
195
316
133
291
108
253
72
288
1,670
2,933
.086
1,641
13,411
.083
334
322
.084
709
97
.082
1,356
151
.082
1,859
245
.080
1,787
440
.082
1,641
292
.082
1,527
335
.082
1,350
207
.082
1,170
233
.083
1,002
205
.083
763
295
.083
Rye:
233.3
233.3
Prodr ction (crop estimate)
mil bu
36 0
21.3
28.8
Stock? (domestic) end of period
do
1.13
1.10
1.15
1.28
1.15
Price, wholesale, No. 2 (Minneapolis) _ _ $ per bu._
2
' Revised.
* Preliminary.
1 See note "O" for p. S-21.
Crop estimate for the
4
year.
-s September 1 estimate of 1966 crop.
old crop only; new crop not reported until
beginning of new crop year (July for barley, oats, rye, and wheat; Oct. for corn).
1.17
1.13
28 8
1.18
1.25
1.22
24.8
1.16
1.17
1.14
3836
4323
4248
475
'549
461
87
1.48
1.40
5
4
Beginning June 1965, data include shipments to Gov't. agencies.
§ Excludes pearl barley.
9 Bags of 100 Ib.
327.3
1.24
SURVEY OF CUEKENT BUSINESS
S-28
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
September 1966
1966
1965
Annual
Aug.
July
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
-
May
June
Aug.
July
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS-Con.
Wheat:
Production (crop estimate), total
Spring wheat
Q.
Winter wheat
_ _
Distribution
_ __
mil. bu
do
_
do
_ __ __do __
436
369
421
383
1,339
1 708
1,339
408
931
3
536
3
1 146
919
257
662
Stocks (domestic) , end of period, total
On farms
Off farms
..„
do
do
do
1 449
Exports total including
Wheat only
do
do
819 5
746 2
flour
2 1, 296
2254
2 1, 042
* 1 291 1 1 327
1
266 ' i 303
1 025 1 1, 024
1, 458
1,438
1
390
1,060
4
4
408
931
563
131
3405
694 2
646 5
68 2
64 9
63 6
58 3
69 4
64 2
67 2
60 6
55.2
51.0
58 8
54 3
58 5
56 3
69 5
67 9
90 4
87 7
83 6
77 7
72.8
67.0
76.1
71.4
76.1
68.8
1.83
1.58
1.70
1.86
1.50
1.64
1.79
1.59
1.70
1.84
1.61
1.76
1.84
1.63
1.72
1.88
1.65
1.76
1.87
1.64
1.75
1.86
1.66
1.75
1.89
1.65
1.77
1.87
1.64
1.74
1.84
1.65
1.72
1.87
1.74
1.78
1.98
1.89
1.88
2.10
'1.99
1.96
254 584
90 9
4 693
575 874
18 689
80 9
22 169
91 6
21, 296
93.0
388
21 543
85.5
20 169
87 7
23 013
90.7
20 686
89.2
20 628 '22, 350
'•92.4
89.0
428
19 621
89.6
19, 942
90.6
408
23 307
101 8
23, 399
102.1
346
42 328
50 275
52 838
52 816
48 105
48 642
45 735
44 294
51 811
46 585
46 382
4 314
20, 464
1,403
2 277
4 136
2,250
2,826
1,775
4,314
1,924
955
711
4,086
1,155
2,532
2,492
5 652
5 390
5 784
5 464
6 013
5 653
5 938
5 610
5 875
5 577
5 975
5 600
5 988
5 617
5 963
5 617
5 988
5 617
5 988
5 567
5 913
5 540
5 925
5 567
6 050
5 800
4 820
25 133
14, 779
7 096
5 076
26 614
13, 994
7 230
387
428
433
459
2 406
1,304
906
2,390
1,412
1,261
2,314
1,128
710
376
2 337
1,254
533
2,334
1,497
1,403
382
2 238
1,045
338
2,304
1,110
484
2,037
943
389
5 1, 110
22.86
19.79
26 21
25.81
22.50
27 17
26.71
23.22
25 50
27.01
22.97
23 50
26.93
22.92
25 00
26.58
22.88
25 00
26.33
23.02
27 00
26.41
24.12
29 50
26.65
24.64
32 00
Slaughter (federally inspected) thous animals
71 667
Receipts at 26 public markets
_ _do
19, 114
Prices:
Wholesale, average, all grades (Chicago)
$ per 100 lb._ 14.89
Hog- corn price ratio (bu. of corn equal in value
to 100 Ib. live hog)
13.2
Sheep and lambs:
63 708
15, 386
4 430
1,090
4 750
1,166
5 475
1,228
5 421
1,231
5 503
1,357
5 010
1,263
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
$ per bu__
2.06
No. 2, hd. and dk. hd. winter (Kans. City)_do
1.86
Weighted avg., 6 markets, all grades
do
1.92
Wheat flour:
Production:
Flour
thous sacks (100 Ib)
265 621
Operations percent of capacity
93 5
Offal
thous sh. tons
4 941
Stocks held by mills, end of period
thous sacks (100 Ib )
Exports
do
Prices, wholesale:
Spring, standard patent (Minneapolis)
$ per 100 Ib
Winter hard 95% patent (Kans City) do
602 209
5 068
31 475
4
431
392
368
357
416
374
373
r
403
2.09
1.98
1.98
365
50 222
45 161
4,228
2,071
2,015
6 450 v 6 850
r 6 200 *>6 500
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected) :
Calves
thous animals
Cattle
do
Receipts at 26 public markets
do
Shipments feeder to 8 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
$ per lOOlb—
Steers, stocker and feeder (Kansas City) __ do
Calves vealers (Natl Stockvards 111 ) do
Receipts at 26 public markets
do
Shipments feeder to 8 corn-belt States
do
Prices, wholesale:
Lambs, average (Chicago)
$ per 100 lb__
478
492
470
370
318
325
313
513
2 103
932
466
2,249
961
448
2,397
' 1, 151
373
2,236
976
443
27.55
26.38
37 50
28.96
27.62
36 00
27.73
26.74
35 00
26.54
26.31
33 50
25.33
24.92
r 33 00
25.26
24.15
u26 50
4 719
1,161
4 650
1, 091
5 806
s 1^316
5 303
1,291
4 913
1,245
4 672
M92 ' 1, 004
4 228
1,192
2,232
1,148
25.73
25.51
22.49
23.19
24.07
26.85
27.26
27.15
24.00
21.72
22.25
22.88
22.65
23.85
20.1
18.7
21.6
23.7
24.8
23.9
23.7
21.4
19.1
18.7
19.3
18.1
18.3
976
278
113
973
334
191
1 106
1 032
384
392
910
271
161
907
254
107
785
206
80
1 033
5314
970
315
168
335
109
929
303
104
398
120
972
279
172
1 040
382
342
943
359
187
24.29
24.75
23.75
23.00
23.50
23.75
25.88
27.88
28.25
26.75
25. 75
27. 12
24.25
23.75
24.75
29 676
28 336
2 194
2 283
2 459
2,462
2,465
2,386
2 348
2,143
2 500
2 349
2,363
2,432
2,197
702
665
484
1 088
4 535
1 012
442
37
93
399
45
98
400
48
102
411
56
104
453
55
93
484
50
99
487
42
92
509
35
101
528
43
94
585
32
107
572
31
88
518
38
143
15 653
15 995
1 323
*177
1 370
'l86
1 413
1,410
1,397
1,244
1 367
1 291
1,359
1 466
'219
1,346
;227
718
201
3
71
1 413
2
87
211
4
72
1,383
2
66
.398
.433
.446
.450
.450
.439
.435
.441
.449
.453
.469
.460
.442
.424
.410
624
576
46
46
53
50
46
47
41
54
50
49
51
45
10
10
10
13
47
22
'26
11 766
824
867
993
1,002
806
9 330
152
4
53
656
699
795
802
176
3
135
4
126
4
128
6
262
21
21
23
23
21
26
27
31
542
563
572
542
575
622
702
675
625
.532
.571
.564
.557
.576
.585
.616
.643
657
.639
1 772
122
122
144
146
158
139
129
114
20.98
23.09
23.88
18.1
'19.0
r
12 947
4', 436
2 547
11 710
3 450
2 157
21.93
ME ATS AND LARD
Total meats:
Production (carcass weight, leaf lard in) , inspected
slaughter
mil Ib
Stocks (excluding lard), cold storage, end of
period
mil. Ib
Exports (meat and meat preparations)
do
Imports (meat and meat preparations)
do
Beef and veal:
Production inspected slaughter
do
Stocks, cold storage, end of period
do__ _
Exports
do
Imports
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New York)
$perlb__
Lamb and mutton:
Production inspected slaughter
mil Ib
Stocks, cold storage, end of perioddo
328
57
841
13
Pork (including lard), production, inspected
slaughter
mil Ib
13 399
Pork (excluding lard) :
Production, inspected slaughter
do
10 445
Stocks, cold storage, end of period
____do
284
Exports.__ _
__
do
133
Imports
do
210
Prices, wholesale:
Hams smoked composite
$ per Ib
458
Fresh loins, 8-12 Ib. average (New York)— do._ "
.443
Lard:
o 153
Production inspected slaughter
mil Ib
Exports
_
do
Prinp. whnlpsalp rpfinpd fnhinacrrA
r
Revised.
* Preliminary.
1
Crop estimate for the year.
$ npr lh
2
269
4
' 127
682
13fi
46
12
4
62
251
1K3
82
29
ifii
September 1 estimate of the 1966 crop.
69
13
151
62
19
1fi3
59
16
ifi*
3
4
244
6
65
12
269
3
61
262
5
58
256
2
64
236
3
50
225
2
65
213
2
53
20
3
103
12
10
11
13
18
1, 035
943
888
858
1 078
1 008
954
914
817
751
711
701
878
804
761
727
141
6
66
10
IKS
152
4
30
62
21
l*fi
158
2
70
6
IfiQ
186
4
69
15
171
272
3
r
444
495
34
98
.
228
2
68
646
'179
4
268
5
214
6
29
22
26
552
562
.568
.533
.562
.604
p .552
.561
144
149
141
136
23
141
22
537
.440
116
217
4
77
18
ififi
94
5
.150
104
15
144
r 102
15
.140
.577
95
10
P . 143
Old crop only; new grain not 5reported until beginning of new crop year (July for wheat)
See note "O" for p. S-21.
Beginning March 1966, data are for receipts at 28 markets
SURVEY OF CURRENT BUSINESS
September 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
Annual
S-29
1966
1965
July
Sept.
Aug.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
June
May
July
Aug.
FOOD AND KINDRED PRODUCTS; TOBACCO— Continued
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)
mil. lb__
Stocks, cold storage (frozen) , end of period, total
mil. lb__
Turkeys
do
Price, in Georgia producing area, live broilers
$ per lb__
7,546
7,998
683
773
847
877
819
695
589
522
554
605
617
733
722
357
207
315
200
177
88
239
147
343
244
470
363
391
280
315
200
284
181
249
156
201
122
169
92
151
69
160
70
'209
'104
276
166
.137
.145
.151
.149
.137
.134
.141
.140
.155
.155
.165
.150
.160
.155
.155
.145
178. 9
179.4
15.0
14.6
14.1
14.6
14.4
15.0
15.0
13.7
15.6
15.4
15.8
14.8
14.8
14.5
62
58
85
51
521
98
423
100
321
95
234
81
126
64
85
51
76
38
20
28
28
24
42
33
76
42
107
55
'79
'62
56
59
.331
.328
.298
.341
.384
.391
.410
.411
.375
.412
.423
.385
.319
Cocoa (cacao) beans:
Imports (incl shells)
thous. Ig. tons
Price, wholesale, Accra (New York)
$ per lb._
268.4
.234
354.4
.172
26.0
.118
36.2
.161
48.5
.171
32.4
.171
27.2
.184
25.2
.213
41.9
.239
57.7
.221
46.6
.233
29.2
.259
33.5
.244
Coffee (green) :
Inventories (roasters', importers', dealers'), end
of period-..,
thous. bagscf-Roastings (green weight)
do
4, 470
22, 374
3,143
21, 680
22, 823
7,212
21,290
5, 742
1,206
278
1,556
411
1,812
551
2,666
802
2,649
736
2,254
846
1,829
488
2,013
545
2,382
529
1,965
597
1,818
570
1,680
560
1,570
451
.479
1,395
.451
1,432
.455
76
.455
106
.445
163
.438
156
.438
146
.440
130
.440
120
.425
127
.420
130
.423
111
.413
101
.410
103
.408
.413
215
230
192
210
228
231
232
230
210
175
162
162
164
178
'211
247
198
973
2, 700 ' 2, 205
2,133
1,598
1,098
973
1,000
1,570
2,480
2,990
2, 675
2,300
1,642
1,297
4,408
5,505
1,903
4, 152
5,796
1,966
65
401
198
98
317
191
120
355
141
612
316
114
961
150
85
932
83
39
481
1,831
132
221
294
196
194
331
203
134
231
235
'90
258
260
43
407
198
589
188
9,706
9,671
2,700
10, 151
10, 020
2, 648
957
950
1,928
1, 006
996
1,658
1,023
1,007
1,291
826
815
1,552
786
777
2,166
874
862
2, 648
682
673
2,738
783
777
2,600
831
817
2,519
750
739
2,514
sh. tons__
4,222
i 2, 359
290
166
121
106
137
321
76
62
1,765
155
123
75
131
thous. sh. tons
_ _ _ _ _ _ do _
do. __
3, 506
1,171
84
3,783
1,055
82
188
69
6
362
156
2
412
137
10
444
71
7
350
85
2
430
108
8
159
38
(2)
260
106
1
313
149
4
303
117
(2)
253
46
2
344
101
4
506
154
3
.069
.068
.067
.068
.068
.069
.068
.067
.068
.069
.068
.069
.069
.069
.070
Eggs:
Production on farms
+
mil. casesO__
Stocks , cold storage, end of period:
Shell _ _
__thous. cases0__
Frozen
mil. Ib
Price, wholesale, extras, large (delivered; Chicago)
$ per doz__
.399
MISCELLANEOUS FOOD PRODUCTS
Imports, total
do
From Brazil
do
Price, wholesale, Santos, No. 4 (New York)
$per lb__
Confectionery, manufacturers' sales
mil. $__
Fish:
Stocks, cold storage, end of period
mil. lb__
Sugar:
Cuban stocks, raw, end of period
thous. Spanish tons..
United States:
Deliveries and supply (raw basis) :§
Production and receipts:
Production
thous sh tons
Entries from off-shore, total 9
do
Hawaii and Puerto Rico
do
Deliveries, total 9
_ _
For~domestic consumption
Stocks, raw and ref., end of period
Exports, raw and refined _
Imports:
Raw sugar, total 9
From the Philippines
Refined sugar, total
do
do
do
Prices (New York):
Raw, wholesale
$perlb__
Refined:
Retail (incl. N.E. New Jersey) _.$ per 5 lb__
Wholesale (excl. excise tax)
$ per Ib
Tea, imports
thous Ib
3,143
5,837
2,667
5,112
14.0
.248
3, 189
5,571
20.3
.274
.270
3,483
5,144
837
976
825
967
2,300 ' 1, 982 * 1, 687
.657
.100
.595
.095
.592
.095
.591
.095
.594
.095
.596
.096
.604
.096
.606
.096
.605
.096
.611
.098
.615
.098
.616
.095
.617
.095
.617
.095
133, 592
130,358
6,372
9,173
14, 543
9,123
13, 724
12, 504
10, 447
9,352
14,677
13,778
11, 948
10, 649
8,446
2, 792. 5
204.2
240.2
274.6
281.6
270.4
255.4
266.2
266.3
265.2
242.6
262.1
' 270. 8
232.8
116.6
106.4
103.2
97. 6
105.7
113. 1
116.6
114.2
118. 8
118.4
132.0
123.1
* 141. 3
119.8
2, 773. 1
229.4
226.4
218. 4
213.5
231.3
257.7
254.5
238.1
271.8
233.9
253.0
r
.070
.619
p. 095
240.9
Baking or frying fats (incl. shortening) :
Production
_ _
_
__ _ mil. lb._ 2, 664. 1
Stocks (producers' and warehouse) , end of period
mil. lb__
121.1
Salad or cooking oils:
Production
do
2,846.1
Stocks (producers' and warehouse) , end of period
mil. lb__
118.8
Margarine:
Production
do
1, 857. 4
Stocks (producers' and warehouse) , end of period
mil. lb__
48.0
Price, wholesale (colored; mfr. to wholesaler or
.241
large retailer ; delivered)
$ per Ib _ _
269. 9
85.9
125.7
85.5
65.9
62.2
80.3
85.9
98.9
87.9
79.0
96.2
104.8
••81.4
81.5
1, 904. 4
142.9
148.6
164.9
161.6
168.7
175. 4
185.5
172.7
188.5
163.6
164.3
' 159. 5
147.5
41.6
48.5
44.5
41.9
47.2
45.3
41.6
44.0
48.4
58.5
56.0
56.4
57.5
58.4
.261
.263
.261
.261
.261
.261
.261
.261
.261
.261
.261
.261
.261
p . 261
530. 1
434.5
40.6
30.4
43.1
39.7
45.5
47.5
45.1
45.3
48.9
36.5
44,6
29.6
47.7
35.4
47.6
44.7
45.4
36.5
40.0
34.6
49.3
42.9
'45.8
'43.4
40.9
39.8
31.1
27.6
23.9
21.5
22. 6
26.0
31.1
36.8
36.6
40.8
41.0
49.6
'51.0
50.1
364.7
190. 1
376.4
179.2
366.7
196. 7
346.1
190.5
370.6
208.2
338.5
188.3
366.0 ' 378. 0 345. 1
208.2 ' 225. 6 166.3
357.4 ' 352. 2 380. 9
FATS, OILS, AND RELATED PRODUCTS
Animal and fish fats:A
Tallow, edible:
553.2
Production (quantities rendered)
mil. lb__
Consumption in end products
do
464.0
Stocks (factory and warehouse) , end of period
41.7
mil. lb__
Tallow and grease (except wool), inedible:
Production (quantities rendered)
do
4,565.7
Consumption in end products
do
2, 301. 4
Stocks (factory and warehouse), end of period
366.4
mil. lb__
Fish and marine mammal oils:
Production
do
180.2
Consumption in end products
do
80.9
Stocks (factory and warehouse) , end of period
mil IK
T
325.1
149.5
343.9
195.0
368.7
187.7
355.8
184.5
418. 5
354.5
320.4
351.3
368.3
391.5
418. 5
435.2
446.5
410.2
414.0
190.2
79.8
40.6
6.4
37.7
7.6
17.8
7.1
9.1
6.8
8. 2
7.5
3.0
7.3
.5
5.4
.3
7.0
.5
7.0
5.4
6.6
18.9
7.3
'35.4
'7.4
26.9
5.5
185 3
ift« i
Of\A. d
1Q9. 1
177 R
901 A.
185 3
IfiS 1
158 8
137.4
135.5
138.6
' 138. 4
148.5
1QQ Q
Revised.
* Preliminary.
* See note "O" for p. S-21.
O Cases of 30 dozen.
<? Bags of 132.276 Ib.
4, 302. 5
2, 158. 0
2
Less than 500 short tons.
§ Monthly data reflect cumulative revisions for prior periods.
9 Includes data not
shown separately; see also note "§".
A For data on lard, see p. S-28.
S-30
SUKVEY OF CUKKENT BUSINESS
1965
Unless otherwise stated, statistics through 1964 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
Annual
September 1966
1966
1965
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATED
PRODUCTS— Continued
Vegetable oils and related products:
Coconut oil:
Production:
Crude
_ .
mil Ib
"Rp.finfid
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) , end of period
mil Ib
Imports
do
Corn oil:
Production:
Crude
_ _
do
Refined _ __
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) , end of period mil Ib
Cottonseed cake and meal:
Production
thous sh tons
Stocks (at oil mills) , end of period
do
Cottonseed oil:
Production:
Crude
mil Ib
"Refined
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) , end of period
mil Ib
Exports (crude and rp.fined)
do
Price wholesale (drums* N Y )
$ per Ib
Linseed oil:
Production, crude (raw)
mil. Ib
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) end of period
mil Ib
Price wholesale (Minneapolis)
$ per Ib
327.6
506.0
765.4
365 4
488 1
723 5
24.9
25.6
44.5
30.6
41.4
63.2
19.7
35.6
59.6
28.7
42.3
60.8
38.2
39.9
57.1
36.8
38.5
60.3
27.6
47.8
65.6
21.2
43.7
59.1
24.7
52.5
70.7
(<*)
46.0
61.5
154.0
397.1
154 4
383 6
137.8
0
123.5
7.1
114.9
24.8
106.8
34.4
127.0
18.7
154.4
11.1
131. 7
109. 5
146.3
43.7
176 5
87.2
155.1
10.4
413.9
393. 1
412 2
446 1
412.8
421 5
36.4
31.1
35.8
38.8
37.9
35.3
40.7
34.8
36.6
40.1
39.0
38.5
36.5
37.3
37.6
36.0
35.3
36.6
35.4
30.3
30.0
34.3
31.2
32.2
40.5
34.7
31.7
38.0
28.8
25.4
40.1
26.1
39.3
38.5
35.4
32.0
28.6
26.1
30.3
29.6
34.8
40.2
2, 705. 7
126.8
2, 755. 5
80.9
98.9
168.5
71.9
110.8
191.0
77.7
297.9
91.0
338. 4
96.1
332. 8
80.9
334.4
94.6
305.4
115.0
287.6
156.7
1 932 8 1 974 2
1, 600. 0 1, 668. 8
1 410 0 1, 471. 7
72 6
92.1
105. 8
50 0
80.3
113. 0
132 7
95.3
133.4
212.1
149.0
145.9
236.5
176.5
130.1
230.9
193.5
130.0
232.6
181. 4
131.0
214.7
166.4
125.4
506.3
603.5
141
300.1
501.3
i 149
420. 6
41.5
.137
292.5
54.6
.135
236.2
30.6
.135
243.6
18.1
281.1
37.9
.155
300.1
48.8
.153
335.6
49.8
.164
443.6
377.2
410.1
239 4
15.7
21.5
37.2
21.0
48.7
20.4
45.9
18.8
33.5
17.1
40.9
16.3
185 5
134
213 5
134
184.6
134
180.7
133
184.7
128
188.2
.128
199.9
.128
213.5
.127
11 179 1
74 6
846.4
163 7
856.5
133 9
5, 235. 5
4, 547. 3
4, 423. 3
403.2
340. 2
362.6
374 8
1 026 7
134
499. 0
61 0
121
Soybean cake and meal:
Production
thous sh tons 10 635 2
102 6
Stocks (at oil mills) end of period
do
Soybean oil:
Production:
4, 943. 8
Crude
mil. Ib
4 591.8
Refined
do
Consumption in end products
do
4, 423. 6
Stocks, crude and refined (factory and ware544 2
house) end of period
mil Ib
1 273 2
Exports (crude and refined)
do
123
Price wholesale (refined* N Y )
$ Der Ib
TOBACCO
Leaf:
2 2 228 2 1, 855
Production (crop estimate)
mil Ib
Stocks, dealers' and manufacturers' end of period!
5 582
5 664
mil Ib
514 514 468 075
Export^ iricl scrap and *5t<?Tn*'
thous Ib
243 347
179 651
Manufactured:
180 082 166, 617
Production (smoking chewing snuff)
do
Consumption (withdrawals):
Cigarettes (small):
42, 643 45, 046
Tax-exempt
millions
497 446 511, 463
Taxable
• do
7 577
8 106
175 808 160 624
25 144 23' 052
Exports cigarettes
millions
36.3
51.3
'74.7
41.9
43.1
57.1
143. 8 ' 147. 2
50.3
31.3
143.7
10.3
37.1
32.7
30.3
40.0
33.9
29.6
37. 4
25.4
30.8
52. 5
60.4
63.0
197. 4
189.6
157.3 ' 109. 3
212.5 ' 170. 1
72.2
118.3
202 4
204.2
132.0
139.2
147. 6
112.1
113 4 '81.1
130.8 106.3
104.7 ' 106. 2
50.6
61.2
92.7
366.3
30.0
.168
396.0
37.7
.171
408. 9
10.8
.178
391.9
11.8
.185
343. 6
17.0
.192
300.7
3.9
p. 195
37.5
17.3
38.1
16.8
43.1
21.3
36.4
20.0
40.9
22.0
45. 2
22.6
15.9
20. 4
216.9
. 128
225.6
128
225.9
128
237.7
.128
260.1 ' 240. 8
.128
.128
213.0
V. 128
697.2
74 2
999.7 1, 125. 6 1, 135. 2 1,163.8 1 ,042.7 1,142.8 1,010. 1 1,157.1 1, 040. 1
97 2 104.3
74.6 105 0 113 7 121 6
115 4 152.5 152.1
973.8
198.7
408.2
375.8
373.8
329.5
357.6
385.3
474.8
353.2
366.2
510.1
423.2
399.9
519.8
445.2
429.1
533.2
468.6
453.5
478.4
416.5
415.8
526.3
476.4
466.5
476.6
418.0
409.5
537.8
450.9
431.9
480.8
430.2
452.3
453. 5
359.7
390.6
423.0
99 3
132
297.4
89 9
138
373. 0
28.5
132
401.1
36 6
137
374.8
168.7
132
414.8
44.6
.142
444.2
42 1
144
485.9
45 6
136
521. 9
33 2
139
582.3 ' 589. 9
64.6
47.2
.132
138
599.9
55.1
P. 147
36, 137
14 210
32 554
16 181
5,323
50, 425
15 382
44, 051
13, 061
71, 273
14 937
5,582
62, 288
11 527
r 5 479
29, 525 39, 285 23, 191
14 495 13 523 16 413
5,104
23, 134 28, 350
13, 838 15, 107
12, 112
15 032
14 847
14,956
13, 666
11, 799
3,672
39, 727
607
12 636
1,831
4,907
46, 647
697
14 553
1,984
4,021
44, 084
658
14 024
l', 948
3,747
41,771
670
14 505
1,920
4,053
4,088
3,694
43, 446 37, 720 39, 348
571
696
445
12 651 9 958
1,701 2,290 1,515
32.4
52.1
70.2
31,910
31. 970
15 245
3, 524 4,577
42, 985 47, 053
525
630
4,040
39, 582
571
3,954
45, 221
682
44, 201
13, 877
3, 771
48, 552
579
2,019
2,190
2,414
1,926
1,663
2,136
14,386
157
1,278
16,512
199
1,351
12,075
196
971
8,602
8,724
3,741 ' 3,709
765
883
7,177
2,870
861
*>. 525
p. 209
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value, total 9
thous. $__
Calf and kip skins
thous. skins. _
Cattle hides
thous. hides__
Imports:
Value, total 9
thous. $._
Sheep and lamb skins
thous. pieces..
Goat and kid skins
do—
Prices, wholesale (f.o.b. shipping point):
Calfskins, packer, heavy, 9H/15 Ib
$ per lb__
Hides, steer, heavy, native, over 53 lb__---_do__--
2,391
11,504
106,253
2,458
13,311
9,720
186
1,147
8,131
190
928
7,737
190
841
10, 513
161
1,339
9,655
253
1,036
12,703
311
1,277
9,645
241
935
13,782
295
1,236
15,623
330
1,320
11,797
183
927
81,879
30,455
12,882
80,263
31,850
14,411
7,664
3,763
820
5,545
1,999
1,282
6,772
2,607
1,225
6,083
2,271
4,968
1,382
5,751
1,732
1,391
5,195
1,231
1,130
6,787
2,841
794
11,052
5,548
1,142
9,500
4,541
856
.414
.106
.541
.143
.525
.156
.550
.194
.575
.166
.575
.159
.625
.164
.625
.174
.700
.194
.775
.174
.675
.184
.675
.209
.650
.209
2,038
1,296
2,511
542
2,071
1,434
2,756
528
2,065
1,523
2,697
500
1,965
1,371
2,550
445
1,927
1,255
2,654
464
2,149
1,428
2,887
330
2,044
1,257
2,625
375
2,026
1,273
2,720
465
2,049
1,349
2,649
7,023
6,818
6,974
7,164
5, 741
5,875
5,659
4,564
.750
.750
.770
.940
.900
.845
p. 845
. 550
.174
LEATHER
Production:
464
6,263
496
397
6,535
Calf and whole kip
thous. skins..
1,982 1,958
Cattle hide and side kip
thous. hides and kips.. 22,834 23,436 1,569
973
1,066
Goat and kid_.
thous. skins.. 12, 874 14, 557 1,071
31,548 30,316 1,922 2,763 2,600
Sheep and lamb
do
Exports:
Glove and garment leather
...thous. sq. ft.. 46,496 Y69,953 4,836 5,627 5,420
Upper and lining leather
do
42, 582
Prices, wholesale:
.765
.710
.790
.662
.725
Sole, bends, light, f.o.b. tannery
$ per lb__
Upper, chrome calf, B and C grades, f.o.b. tan1.230
1.244
1.238
1.238
1.200
nery
$ per sq. ft_.
d
'Revised.
p Preliminary.
Data withheld to avoid disclosure of operations of
individual firms.
1
2
Average for 11 months. - Crop estimate for the year.
3 Sept. 1 estimate of 1966 crop.
4
Effective Jan. 1965, data are for all leather, except sole and rough; see note "O" for p. S-21.
.735
1.353 v 1.328
1.293 1.333
1.247
1.271
1.280
1.300
1.253
5 Beginning May 1966, not strictly comparable with earlier data because of change
of reporters.
tRevisions for 2d qtr. 1963-4th qtr. 1964 (mil. Ib.): 4,692; 4,791; 5,287; 5,355; 4,961; 5,069; 5,664.
9 Includes data for items not shown separately.
-, '
SURVEY OF CUREENT BUSINESS
September 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1966
1965
1965
Annual
S-31
July
Aug.
Sept.
Oct.
Nov.
Dec.
Feb.
Mar.
Apr.
52 514
53 015
r 61 g21
53 145
54 319
54 899
45, 943 T 51,978 43, 706
6 318 ' 9 007 8 606
'606
605
589
228
165
'230
44, 473
9 057
576
213
45, 190
8 891
557
261
283
272
Jan.
June
May
July
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers :J
Production, total
thous pairs
Shoes, sandals, and play shoes, except athletic
thous. pairs
Slippers
do
Athletic. .
do
Other footwear _!
_
do
Exports
_
do
Prices, wholesale, f.o.b. factory:
Men's and' boys' oxfords, dress, elk or side
upper, Goodyear welt _- _ 1957-59=100
Women's oxfords, elk side upper, Goodyear
welt
1957-59—100
Women's pumps, low-medium quality do
612 789
630 012
46 268
57, 105
53,859
44, 358
8,714
571
216
41, 795
9 224
503
238
40, 969
8 566
544
191
45, 440
6 554
506
173
46, 254
5 494
558
208
237
285
255
221
186
516, 124
79 267
7 116
10 282
535, 311
85 938
6 712
2 351
39 782
5 974
'353
159
48, 184
8,185
549
187
1 912
i 2 533
191
231
51 760
50 270
52 673
167
274
260
210
105 9
111 0
109. 6
110 1
110 1
116.5
116.5
116 5
116.5
116 5
116.5
119 2
122.3
122. 3
122.3
106 5
111 0
107 3
113 0
106 5
112 8
106 5
112 4
106 5
112 4
109 7
117 3
109 7
116 6
109 7
117 0
109 7
118 3
109 7
119 3
109 7
119 3
111 4
121 2
111 4
121 3
111.4
121.2
111.4
122.0
LUMBER AND PRODUCTS
LUMBER—ALL TYPES
National Forest Products Association:,^1
Production, total
mil. bd. ft.
Hardwoods.
do
Softwoods
do
35,408
5 891
29, 517
36 158
6 129
30 029
2,969
518
2 451
3,262
552
2 710
3,349
507
2 842
3,128
539
2 589
2,970
539
2 431
2 927
504
2 423
2 691
476
2 215
2 909
553
2 356
3 410
652
2 758
3 211
660
2 551
3 242
625
2 617
3,265
664
2 601
2 858
631
2 227
do
do
do
35 587
6 290
29, 297
36 680
6 465
30 215
3 193
515
2,678
3 316
548
2 768
3 208
537
2 671
3 163
568
2,595
2 888
550
2 338
2 912
496
2 416
2 860
' 507
2 353
3 040
675
2 365
3 472
685
2 787
3 462
689
2 773
3 395
684
2 711
3 159
670
2 489
2 910
620
2 290
do
do
do
6,434
1,536
4,898
5, 728
1 151
4 577
5,645
1 226
4,419
5,566
1 229
4 337
5,698
1 196
4 502
5,676
1 161
4,515
5,733
1 147
4 586
5 728
1 151
4 577
5 618
1 120
4 498
5 526
1 061
4*465
5 492
1 061
4 431
5 323
1 055
4 268
5, 150
1 000
4 150
5,263
1 014
4 249
5 172
1 043
4 129
do___
do
957
5,240
i 962
5 163
86
500
85
513
77
449
87
429
67
412
131
444
70
345
77
415
74
514
99
462
98
518
98
550
82
469
8,916
607
9 289
620
838
673
773
654
719
550
739
518
752
523
848
620
723
738
691
728
1 038
923
817
906
606
652
688
614
566
537
do
do
_ . do_ _ _
8 967
8 845
1,075
9 256
9 277
l'079
712
788
1,021
788
792
998
832
823
1,007
772
771
1,043
777
747
1,073
758
752
1,079
73^
840
1 063
751
701
1 113
843
843
1 113
782
835
1 084
794
860
1, 027
750
726
<=1 052
633
643
985
Exports, total sawmill products
_._ do._
Sawed timber _
do
Boards, planks, scantlings, etc
do
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
$ p e r M b d . ftFlooring, C and better, F. G., I" x 4", R. L.
$ per M bd. ft
Southern pine:
Orders, new
_
mil. bd. ft
Orders, unfilled, end of period
do
369
136
233
1445
i in
*334
38
15
23
32
7
25
34
9
25
40
12
29
26
5
22
87
6
80
31
10
21
27
11
15
32
9
23
46
11
35
49
12
37
39
9
29
33
9
24
Shipments, total.
Hardwoods
Softwoods.
..
Stocks (gross) , mill, end of period, total
Hardwoods
_
Softwoods
_ _
Exports, total sawmill products
Imports, total sawmill products _
SOFTWOOD
Douglas fir:
Orders, new
_
Orders, unfilled, end of period
. mil. bd. ft
do
Production
Shipments _ _ • •
Stocks (gross) , mill, end of period
81.14
82. 16
80.84
83.34
83.46
82.27
82.14
82 25
83.56
83 69
88.16
92. 64
93 04
153. 07
156 85
157. 10
155. 79
155. 79
155. 79
156.43
156 44
157. 63
158 64
161 61
166 84
166 84
6,346
281
6 864
366
605
387
615
388
591
373
572
367
534
349
542
366
564
418
508
420
761
503
578
469
533
415
585
400
492
378
Production .
do
6 504
6,346
Shipments
do
6,321
6 779
Stocks (gross) , mill and concentration yards, end
of period
mil. bd. ft
1,362
1,087
Exports, total sawmill products
M bd ft
102, 684 UOO 581
Sawed timber
_
do
11, 709
Boards, planks, scantlings, etc
do
90, 975
Prices, wholesale, (indexes):
Boards, No. 2 and better, 1" x 6", R. L.
1957-59=100_92.7
94.3
Flooring, B and better, F. G., 1" x 4", S. L.
1957-59=100
95.3
97 1
Western pine:
Orders, new
_
mil bd ft
11 057
10, 565
Orders, unfilled, end of period
do
535
463
562
592
543
614
582
606
548
578
541
552
545
525
504
512
507
506
625
678
568
612
578
587
622
600
520
514
1,203
8 136
1,132
8 762
1,108
6 212
1,078
8 694
1,067
9 466
1,087
7 451
1,079
10 106
1,080
7 885
1 027
11 244
983
6 927
974
10 078
996
8 991
1,002
6 903
93.4
95.0
96.0
96.2
98.0
98.7
99.8
101.2
102. 2
106 0
107 5
107.3
107.1
96. 8
97.3
98.2
98. 8
99 1
100 1
100.8
102 5
102 7
107 9
107 9
107 4
106.9
1,064
590
1,025
526
935
507
943
491
774
456
995
535
940
627
875
596
1 096
730
973
682
820
535
867
506
906
506
10 579
10 875
10 951
10, 449
1 809 1 732
917
1,005
1 553
1 068
1, 055
1 566
1 124
954
1 736
969
959
1 746
872
839
809
916
1 776 1 732
708
769
1 671
815
907
1 579
982
962
1 599
942
910
960
1 021
896
968
1 488 1 480 1 526
852
906
1 472
65 49
67 42
66.65
66 34
67 53
67 07
65 55
63 91
63 45
65 83
68 19
71 46
82 40
31 9
10 1
28 5
31.2
4 0
31 2
11 1
29 0
30.2
31
34
11 9
2.4
3.0
38
19
11 4
2.2
2.9
31
2 6
11 4
2.6
2.7
30
26
11.1
2.3
2.5
31
29
11 8
20
2.1
28
2 0
11 1
2.6
2.4
31
30
12 0
23
2.2
31
26
13 1
21
1.7
34
3
14
2
2
3
2
1
3
4
5
39
15 8
19
2.3
30
2 3
16 0
2 0
2.4
2 8
28
16 4
2.2
2.4
25
3.0
17.3
1.8
2.3
2.1
819 6
35 6
842.2
824. 2
54 5
818.4
64. 3
778. 7
783. 3
35 4
73.2
62.2
63.5
67.2
42 9
83 3
70.0
68.9
72.5
37.7
71.6
70.2
70.7
71.4
37.0
64.0
69. 2
64.6
66.4
34.9
62.0
69.8
63.9
61.4
35.8
64.2
64.3
65.9
65.0
35.4
78.0
80.5
61.4
61.7
35. 0
60.7
85.3
57.0
56. 0
34.4
77 2
91.6
65.5
66.1
31 7
59.0
89.3
60.6
63.5
30 5
51.0
78.7
62.1
60.7
30.7
50.2
62.0
66.0
65.9
29.0
40.6
52.1
54.9
50.4
33.5
Production
do
Shipments
__
do
Stocks (gross) , mill, end of period
do
Price, wholesale, Ponderosa, boards, No. 3, 1" x
12", R. L. (6' and over)
$ per M bd ft
'88.25 P 85. 30
r
167. 43 v 167.43
'79 06 p 70 71
HARDWOOD FLOORING
Maple, beech, and birch:
Orders, new
Orders, unfilled, end of period
Production
Shipments
Stocks (gross) mill end of period
Oak:
Orders, new
Orders, unfilled, end of period
Production.
Shipments. ... _ _ _
Stocks (gross) , mill, end of period
r
Revised.
1
* Preliminary.
See note "O" for p. S-21.
mil bd ft
do
do
do
do
do
do
do
do
do
" Corrected.
t Revisions for Jan.-Oct. 1964 are shown in Bu. of the Census report M31A(64)-13.
cf Formerly National Lumber Manufacturers Association.
Aug.
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
Annual
September 1966
1966
1965
July
Aug.
Oct.
Sept.
Nov.
Jan.
Dec.
Apr.
Mar.
Feb.
May
June
July
Aug.
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
thous, sh. tons
Scrap
- - do
Pig iron.—
_
_ do
Imports:
Steel mill products , _„„
Scrap
Pig iron _
_
do
do
do
128
188
711
1
195
561
2
204
550
2
254
334
1
218
509
1
274
417
6
10, 383
1,094
1,061
22
96
786
15
114
892
18
101
939
20
96
672
24
106
90
55
35
90
7
7
4
2
7
7
569
728
840
582
051
7 608
4,731
2,877
7 515
7,184
7 034
4,434
2,600
7 009
7,213
6 957
4,199
2,758
6 741
7 432
6 566
3 835
2,732
6 498
7 502
* 2 496
1
6 170
6,440
176
299
751
r
!74
347
1
158
419
(2)
159
342
2
143
440
1
126
429
2
142
607
(2)
116
532
(2)
668
21
38
538
15
62
776
91
32
715
146
88
919
17
137
1,014
1,082
7 109
4 153
2,956
7 001
7 638
3 435
7,881
235
916
17
67
19
104
24
174
Iron and Steel Scrap
Scrap for consumption total
thous sh tons
Home scrap produced
do
Purchased scrap received (net)
do
Consumption total
do
Stocks consumers' end of period
do
Prices,' steel scrap, No. 1 heavy melting:
84
52
31
84
7
093
262
831
626
413
534
214
320
360
638
r
32 77
34.70
33 36
35.00
33 84
35.00
32 73
35.00
30 67
31.00
29 30
32.00
29 58
31.50
31 25
33.00
32 36
33.50
32 89
36.00
33 32
36.50
30 02
33.50
28 71
32.75
3 g^ ggg
87 420
85, 801
45, 105
10 508
12 481
4,505
10 851
11, 699
5,128
10 282
10, 366
3,894
8 892
9, 955
4,093
4 543
6,294
4,131
4 1R4
2,643
3,123
4 712
1^882
1, 898
4 497
1,751
1,489
5 038
2,057
2,219
6 892
6,958
3,432
9 992
11, 655
3,502
10 784
11,953
5,154
4,004
122 197
6, 963
71 677
10, 752
57, 184
3 741
121 964
125 143
i 7, 085
68 781
12, 290
53, 997
2 494
1 K Q9Q
15 367
11 133 10 897
1, 033
1,037
58 931 62 675
13, 420 12, 572
43, 710 48, 181
1 801 1,922
13 224
9 764
12 929
8,976
10 050
8,213
5 266
8,699
3 069
9 595
3 232
9,499
3 976
11, 127
8 841
10, 897
14, 628
10, 758
66 357
12^486
51,641
2,230
69 466
11,424
55, 594
2,448
70 718
10, 732
57,430
2,556
68 781
12, 290
53, 997
2,494
65 170
15, 120
47, 562
2, 488
61 466
17, 866
41, 295
2,305
56 881
20, 847
34, 144
1,890
54 613
20, 781
32, 088
1,744
15 421
11, 658
1,048
56 673
19, 118
35, 852
1,703
15 370
10, 941
do
do
do
60 018
17,949
40, 278
1, 791
44, 148
2,276
do
1 032
1 272
74
115
105
125
98
154
117
92
76
83
109
132
128
88 173
88* 945
7 780
7 836
7 661
7,762
6 690
6,' 794
6 310
6,378
5 880
5 930
6 327
6,502
6 910
6 834
7 937
7 853
8 241
7 837
7,659
86 382
Pittsburgh district
62 75
63.00
63. 50
62 75
63.00
63. 50
62.75
P63.00
do
28 40 v 29. 54
30.50 9 31.00
Ore
Iron ore (operations in all U.S. districts):
Shipments from mines
Imports
--
- -
do
do _
-
U.S. and foreign ores and ore agglomerates:
Consumption at iron and steel plants
Exports
At mines
At furnace yards
At U S docks
JVIansanese (mn content) general imports
do
do
3 85 184
42, 417
m
qoc
544
778
331
437
275
396
408
593
829
813
Pig Iron and Iron Products
Pig iron:
Production (excluding production of ferroalloys)
Stocks (consumers' and suppliers'), end of period
2 461
2 329
2 505
2 416
2 446
2 460
2 450
2 329
62 75
63.00
63.50
fi9 7*5
62 75
63.00
63.50
62 75
63.00
63.50
62 75
63.00
63.50
an 7K
63.00
63. 50
62 75
63.00
63.50
62 75
63! 00
63.50
62 75
63.00
63.50
62 75
63.00
63.50
62 75
63.00
63. 50
do
do
14 316
8 129
882
15, 713
9,173
876
1, 273
R4.9
1,178
882
1,255
916
1, 227
977
1,229
975
1,469
r 953
1 004
1,378 '1, 390
801
'793
do
___do _ _
1,001
589
174
93
174
101
176
98
174
97
187
112
52
59
56
55
67
9,296
112.7
8,822
110.5
9,627
116.7
10, 577
128.2
10, 249
137.5
12, 083
146.5
11,569
144.9
525
582
Basic (furnace)..
do__ _
Foundry, No. 2, Northern
__ . _ _ do
Castings, gray iron:
Orders, unfilled, for sale, end of period
Shipments, total
Forsale
an-!
fi9 7*.
63.00
63.50
Prices:
Shipments total
For sale
Castings, malleable iron:
Orders, unfilled, for sale, end of period
or
199
174
1,136
648
63.00
63.50
Q9K
1 282
771
CQ9
QQ1
1,302
1,322
815
777
732
689
696
661
671
825
176
90
179
81
81
44
50
54
54
11, 551
140.0
11,324
137.3
9,949
124.6
qcn
qOq
Af\A
4.98
AVfi
A A<3
A K9
152
171
160
157
175
128
145
175
145
168
137
209
173
ICC
95
194
97
983
1,399
816
187
97
r
186
99
62
59
Steel, Crude, Semifinished, and Finished
Steel ingots and steel for castings:
Production
_
thous. sh. tons__ 127, 076 3131, 462
135.3
130.5
Index
_ _ - daily average 1957-59=100 _
Steel castings:
Orders, unfilled, for sale, end of period
43fi
thous. sh. tons__
1,962
1,835
Shipments, total. __ ._ __'
_..
do ___
1, 569
1,471
For sale, total
_
do
Steel forgings (for sale) :
589
459
Orders, unfilled, end of period
__do
2 045
1 759
1,592
1,350
Closed die (drop, upset, press)
___do _ _
Steel products, net shipments:
Total (all grades) _ . ._
— do
Semifinished products.
do
Structural shapes (heavy), steel piling — do
Plates
do _
Kails and accessories
do_ _
84, 945
4,229
6,085
8,491
1,395
92, 666
4,528
6,798
9,764
1,523
134
r g29
606
184
••190
200
105
120
138
544
152
114
568
154
114
569
172
134
573
178
139
580
187
145
589
190
148
7,699
8,634
6,698
6,237
6,200
6,061
6, 602
6,734
8,282
590
833
101
606
856
101
516
827
96
523
833
99
512
777
111
529
698
143
536
675
146
490
684
140
609
838
165
8,174
q94.
600
819
155
8,221
OVA
596
822
152
8,033
q-io
582
815
158
7,179
278
548
758
1,211
767
298
138
744
268
521
3,052
893
1,409
1,328
836
315
167
877
323
733
3,406
1,009
1,538
1,083
644
291
139
588
248
275
2,733
797
1, 178
1,036
626
264
137
566
228
360
2,327
662
985
972
592
237
132
534
226
631
2,116
600
880
964
587
233
134
592
240
302
2,280
656
1,013
649
207
147
604
256
382
2,655
751
1, 243
1,041
681
208
143
712
239
390
2,737
790
1,284
818
281
173
887
318
527
3,305
948
1,279
797
297
175
874
327
535
3,260
919
1,321
830
301
179
886
344
559
3,207
894
1,324
820
313
180
900
334
582
3,021
842
1,162
15 6
14 3
4.4
5 7
12 9
4.4
50
4.5
12 0
4.9
11 3
4.9
5f>
4.7
10 9
5.9
fi q
4.7
10 8
5.9
R n
4.7
10 9
5.9
10 6
'5.6
v 10.9
M.7
94 4
*>5.0
o e
91
13, 199
14.488
Bars and tool steel, total
do
8,401
9.344
Bars : Hot rolled (incl. light shapes)
do
3,229
3,150
Reinforcing--___
do
1,467
1,877
Cold
finished
do __
8,137
8.689
Pipe and tubing
do
3,105
3,484
Wire and wire products
- do
6,083
6,659
Tin mill products
do _ _
34, 222
36,733
Sheets and strip (incl. electrical) , total- _ . do
9,948
10,630
Sheets: Hot rolled
do _
16, 571
Cold rolled
do _ _ 15, 699
Steel mill products, inventories, end of period:
1a q
17 9
17 0
Consumers' (manufacturers only) --.mil. sh. tons__
5.2
6.0
5.5
62.4
68.7
Receipts during period
-do
5
60. 5
67.0
Consumption during period
do
4.6
4.4
4.6
4.1
4.5
Service centers (warehouses)
do
Producing mills:
o 9
o 9
8 A
8.5
In process (ingots, semifinished, etc.)
do
7 q
8. 7
7.9
Finished (sheets, plates, bars, pipe, etc.) -do —
.0837
.0837
.0837
.0837
.0837
Steel (carbon), finished, composite priceT._$ per lb~
T
1
2
Revised.
p Preliminary.
See note "O" for p. S-21.
Less than 500 tons.
3
Revised total; monthly revisions are not available.
^Beginning Jan. 1964, the composite reflects substantial changes in products and weights
used and is not comparable with earlier periods. The new composite price is based on AISI
12,191 ' 11, 403 10, 791
147.8
142.8
128
nCC
4.2
A
4.6
o q
4.5
8q
K
Q
4.9
qn-i
34.Q
K O
5.0
r
K Q
5.0
14Q
292
143
859
279
534
2,613
756
1 114
»9.8
o q
o n
Q I
7 *\
98 0
74
7Q
7 0
.0851
.0843
.0843
.0839
.0839
.0839
.0837
. 0838
.0839
net shipments of carbon steel and is the average price of all finished carbon steel products
(except rails and wire products) weighted by tonnage. Prices used are base prices at Pittsburgh; the average includes an additional 25% for "extra" charges but does not include freight,
9 K
8 1
.0839
9 2
9 0
9 0
95
81
.0842
SURVEY OF CUEEENT BUSINESS
September 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
Annual
S-33
1966
1965
July
Aug.
Sept,
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
474
386
3,609
366
422
3,365
Aug.
427
349
3,466
METALS AND MANUFACTURES—Continued
IKON AND STEEL— Continued
Steel, Manufactured Products
Fabricated structural steel:
Orders, new (net)
Shipments
Backlog, end of period
thous. sh. tons
do
do-
4,500
4,241
2,712
4,868
4,321
3,151
337
329
3,268
341
413
3,176
438
383
3,179
327
411
3,177
415
365
3,199
325
413
3,151
423
339
3,222
456
345
3,273
538
440
3,347
504
407
3,382
1,154
24,312
1,226
24, 132
1,264
2,001
1,300
2,126
1,323
2,045
1,273
1,975
1,298
1,920
1,226
1,994
1,930
2,017
2,455
2,592
4,737
M,928
458
538
497
406
393
333
333
340
427
420
444
477
2, 754. 5
726.0
235.1
57.0
234.9
62.0
218.7
56.0
237.2
62.0
236.5
62.0
245.0
62.0
247.3
59.0
223.5
58.0
249.0
72.0
240.7
70.0
252.3
245.0
527.3
65.4
i 203. 6
51.4
5.1
19.0
45.6
6.8
15.7
39.6
4.9
17.6
42.8
6.9
13.2
41.6
7.0
14.5
55.3
9.4
18.1
25.2
7.3
19.0
51.9
8.3
12.8
57.7
12.1
17.4
54.5
9.9
10.7
52.5
10.7
13.0
51.7
12.7
15.7
37.2
11.7
13.2
96.9
.2372
64.8
.2451
83.0
.2450
81.1
.2450
71.0
.2450
76.8
.2450
75.0
. 2457
64.8
.2450
78.3
.2450
71.8
.2450
64.8
.2450
60.3
.2450
67.7
.2450
63.1
.2450
.2450
7, 063. 5
4, 834. 9
2,273.9
21,253.7
8,025.5
5, 688. 2
2, 618. 6
1, 409.0
596.3
431.4
193.4
96.6
650.1
457.6
200.5
103.1
643.7
463. 5
200.7
117.2
635.2
462.3
191.4
117.5
664.9
466.5
195.8
124.2
683.9
638.6
500.2
489.6
224.7 219.0
125.4 2137.2
715.4
512.1
236.5
140.4
802.8 ' 730. 1
592.5 ' 552. 5
267.8 253.7
149.5 135.6
'761.9
' 585. 5
' 274. 8
' 131. 0
771.3
591.6
275.0
131.5
1, 246. 8
1, 656. 4
1, 259. 9
396.5
332.4
1, 351. 7
1,711.8
1,335.7
376.1
429.4
105. 6
143.8
116.1
27.7
34.4
109.2
139.4
113.0
26.4
33.4
107.9
133.1
101.1
32.0
36.6
114.6
143.5
107.4
36.1
40.9
110.1
137.6
106.6
31.0
36.7
107.8
144.0
114.3
29.8
40.7
118.2
127.7
99.8
27.9
37.8
107.1
127.2
101. 7
25.6
29.6
123.7
148. 6,
120.4
28.2
42.3
120.7
137.9
111.8
26.1
43.5
584.8
137.7
523.8
137.4
29.9
9.0
36.7
9.5
39.0
11.4
55.4
18.3
63.8
16.4
36.3
11.8
35.0
11.6
41.1
9.8
45.2
13.1
43.0
10.0
430.6
316.2
1, 859. 2
i 422. 1
i 325. 0
2, 042. 6
30.7
23.0
124.5
33.3
26.0
178. 0
29.0
22.0
183.2
32.2
26.3
178.2
32.5
25.5
165.8
30.5
22.1
176.7
25.7
20.4
189.6
27.4
18.4
197.4
35.3
31.5
39.4
23.7
45.7
30.9
27.5
21.2
38.0
34.0
219.5 P 202. 7 p 188.3 9 211.0 *>133.4
149.6
110.0
.3196
161. 3
112.9
.3502
162.3
118.5
.3560
148.1 X132.8
111.2 M)3.3
.3560 .3560
130.8
90.6
.3568
128.6
84.9
.3641
161.3
112.9
.3586
5178.3
114.5
.3613
204.8
132.8
.3604
205.7 p 183. 8 v 181. 8 P 207. 0 P250.3
132.5 p 124. 3 v 124. 5 P 149.9 P193.6
.3612 .3615 .3603 .3593 .3602
Copper-base mill and foundry products, shipments
(quarterly total) :
Copper mill (brass mill) products
mil, lb
C opper wire mill products (copper cont.) _ _ .do
Brass and bronze foundry products
--do__-
2,787
1,992
1,063
2,974
2,177
1,075
Lead: A
Production:
Mine, recoverable lead
_ .thous. sh. tons..
Recovered from scrap (lead cont.)
do
286.0
541.6
301.1
554.0
22.7
40.5
25.6
42.4
25.9
48.0
26.0
48.4
25.8
45.8
29.2
46.3
24.9
46.8
23.6
44.7
29.6
50.8
26.2
43.6
'26.8
46.6
25.7
45.8
334.2
1,202.1
344. 4
1, 241. 5
37.1
90.8
32.3
101.4
24.2
107.2
37.7
113.2
25.1
110.5
34.3
103.4
30.3
103.3
30.0
99.3
39.9
112.5
27.5
104.6
25.3
111.6
42.4
108.2
__.-_
Barrels and drums, steel, heavy types (for sale) :
Orders, unfilled, end of period
thous.
Shipments..
_
do
Cans (tinplate), shipments (metal consumed),
total for sale and own use...
.thous. sh. tons NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tons.. 2, 552. 7
Recovery from scrap (aluminum content). .do
657.0
Imports (general):
Metal and alloys, crude
do
392.4
Plates, sheets, etc
do_—
49.7
Exports, metal and alloys, crude
do
208.6
Stocks, primary (at reduction plants), end of
period
thous. sh. tons..
Price, primary ingot, 99.5% min
$ per lb__
Aluminum shipments:
Ingot and mill products (net)
Mill products, total
Plate and sheet (excl. foil)
Castings..
_
mil. lb
do
do
do
.
Copper:
Production:
Mine, recoverable copper
thous. sh. tons._
Refinery, primary. .. ...
do
From domestic ores
do
From foreign ores
do
Secondary, recovered as refinejd
do
Imports (general) :
Refined, unrefined, scrap (copper cont.).. do
Refined
_
do
Exports:
Refined and scrap
do
Refined
_
do
Consumption, refined (by mills, etc.)
do
Stocks, refined, end of period
Fabricators'
Price, bars, electrolytic (N.Y.)
do
do
$ perlb_.
Imports (general), ore (lead cont.), metal
Consumption, total
do
do
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content), ABMS
thous. sh. tons__
Refiners' (primary), refined and antimonial
(lead content)
thous. sh. tonsConsumers' cf
do
Scrap (lead-base, purchased), all smelters
thous. sh. tons__
Price, common grade (N.Y.)
$ perlb..
716
524
249
126.6 ' 121. 6
144.8 152.9
117.1 118.2
27.7 '34.8
47.4
43.7
50.1
13.0
33.0
7.3
.2450
107.0
136.0
106.6
29.4
41.6
54.1
9.8
.3596
862
625
280
753
596
277
32.3
98.4
106.8
93.9
99.8
105.3
104.7
101.6
106.8
107.2
109.1
114.6
113.1
111.1
114.6
38.1
113.4
25.9
103.2
31.0
118.5
26.3
106.2
24.3
95.5
25.0
92.2
25.7
98.9
25.9
103.2
26.2
101.3
25.8
99.3
23.2
105.9
21.2
98.8
23.9
99.0
25.8
98.8
71.5
.1360
48.1
.1600
63.1
.1600
59.4
.1600
53.8
.1600
52.2
.1600
51.1
.1600
48.1
.1600
49.0
.1600
52.3
.1600
47.1
.1600
48.1
.1600
46.3
.1514
42.1
.1500
.1500
Ig. tons.do
do
do
do.__
do
(3)
31, 584
23, 508
3,334
82,890
58, 586
4,326
40, 814
23, 580
3, 155
84,011
58,550
40
2,648
1,790
230
6,755
5,005
219
2,061
1,815
255
7,075
5,135
37
4,015
1,885
265
5,990
3,995
792
2,552
1,990
250
6, 205
3,960
19
4,348
1,955
270
6,280
4,185
669
7,735
1,990
345
6,170
3,930
280
3, 499
2,050
300
6,495
4,435
317
4,070
1,995
270
6,470
4,555
0
2,001
2,335
300
7,775
5,480
29
4,363
2,058
205
7,245
5,170
1,224
4,016
2,270
335
7, 500
5,205
100
2,542
2,837
7,475
5,150
Exports, incl. reexports (metal)
do _
Stocks, pig (industrial), end of period §
do
Price, pig, Straits (N.Y.), prompt
..$ per lb__
M,041
24, 343
1. 5772
13,064
27, 656
1. 7817
142
23,587
1. 8412
226
22,985
1. 8696
364
24,350
1. 9190
149
25,315
1.8532
131
26,385
1.7676
148
27, 656
1. 7423
303
27,180
1.7875
116
27,245
1. 7810
290
27, 130
1.7398
782
26, 315
1. 7424
408
24,385
1. 6928
145
24, 970
1.6077
Tin:
Imports (for consumption) :
Ore (tin content)
Bars, pigs, etc .
Recovery from scrap, total (tin cont.)
As metal
.
_.
Consumption, pig, total
Primary
.
Zinc:A
Mine production, recoverable zinc
thous. sh. tons._
574.9
611.2
48.2
51.5
50.8
Imports (general) :
Ores (zinc content)!..
do
429.4
357.1
38.9
36.1
36.2
Metal (slab, blocks)
do
118.3
153.0
21. 1
10.7
2.7
Consumption (recoverable zinc content):
Ores
do
4 105. 9 '4122.9
8.6
8.8
8.6
Scrap, all types
do
4 222. 5 '4265.1
18.6
18.5
18.4
' Revised.
* Preliminary.
1 See note "Q" for p. S-21.
2 Monthly data (1962-64),
revised to 1962 canvass of nonferrous producers, are available; 1965 estimates reflect the revised
benchmark. Beginning 1966, estimates are derived from a new sample and are not comparable with earlier data; revised Dec. 1965, based on new sample, 137.5 mil. lb.
s Data
4
for Sept. 1963-Apr. 1964 are in terms of gross weight.
Revised total; monthly revisions '
51.7
51.6
50.1
48.6
48.7
53.8
49.9
'51.3
42.2
14.0
42.1
17.8
35.0
22.0
32.9
18.9
39.5
21.6
35.3
14.0
32.8
26. 3
43.1
28.3
197
1. 5987
1. 5642
47.8
34.8
20.7
.1500
26.5
21. 6
10.4
10.4
10.3
10.4
9.6
10.4
10.5
9.7
9.9
18.6
19.1
19.2
18.9
18.6
19.0
18.7
18.9
19.4
5
are not available.
Beginning Jan. 1966, total includes copper (totaling 10,900 tons end of
Jan. 1966) held by nonconsumers, etc., not previously covered.
d" Consumers' and secondary smelters' stocks of lead in refinery shapes and in copper-base
scrap.
§ Stocks reflect surplus tin made available to industry by GS A.
A Beginning
Aug. 1964, data reflect sales to the industry of metal released from the Government stockpile.
SUEVEY OF CUEEENT BUSINESS
S-34
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
Annual
September 1966
1966
1965
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PROD.— Con.
Zinc—Continued
Slab zinc: A
Production (primary smelter), from domestic 1
and foreign ores
thous. sh. tons_.
954. 1 1,005.2
Secondary (redistilled) production
do_-_73.1
'71. 6
Consumption, fabricators'
do
11,207.3 H,354. 1
Exports
do
26.5
5.9
Stocks, end of period:
31.2
30.1
Producers', at smelter (AZI)c?
do
107.5
145.4
Consumers'
do
Price, prime Western (East St. Louis) .$ per lb._
.1450
.1357
85.1
5.4
96.9
.5
84.9
6.4
113.9
.4
84.0
5.3
117.0
.2
87.5
6.0
117.8
.2
84.2
6.0
116.5
4
()
89.1
5.2
113.2
.8
89.9
6.0
112.5
(4)
79.9
5.7
116.1
.1
85.4
6.2
127.0
.1
87.0
5.7
119.1
.1
88.8
6.0
123.5
4
()
86.8
5.9
118.6
.1
26.9
110.6
.1450
29.2
128.2
.1450
27.3
129.3
.1450
30.3
130.8
.1450
27.2
124.5
.1450
30.1
145.4
.1450
32.2
158.1
.1450
29.7
156.0
.1450
28.8
166.7
.1450
33.2
159.7
.1450
39.9
154.9
.1450
42.1
147.6
.1450
48.9
46.3
.1450
.1450
.6
11.4
1.0
11.6
1.0
13.1
.9
12.4
.9
11.0
.7
9.0
.8
8.7
.7
7.1
.6
7.7
.6
8.1
.4
8.1
.1
HEATING EQUIPMENT, EXC. ELECTRIC
Radiators and con vectors, shipments:
9.2
Cast-iron
mil. sq. ft. radiation., ' i 12. 6
113.2
115.3
Nonferrous
do
Oil burners:
585.5
Shipments
thous ' i 569. 7
r 7 55. 6
35.7
Stocks end of period
do
Ranges, gas, domestic cooking (incl. free-standing,
set-in, high-oven ranges, and built-in oven
broilers)
thous '12,040.2 2, 244. 5
304. 8
Top burner sections (4-burner equiv) ship
do
342.6
43.4
44.6
58.8
41.2
64.8
36.1
68.4
35.9
53.7
32.8
40.2
35.7
45.1
35.4
42.1
36.7
46.6
42.3
39.9
38.7
41.9
53.5
153.9
19.7
191.5
27.1
226. 6
31.7
212.7
26.1
190.0
22.1
196.5
23.9
162.5
18.2
180.7
19.6
227.2
23.6
187.5
23.3
177.4
22.1
'1.61,733.2 1, 647. 2
"1,201.4 1, 107. 9
158. 8
106.4
186.5
120.3
227.6
141.8
259.0
185.5
144.1
105.6
82.9
57.3
61.1
44.6
82.6
47.8
88.5
51.9
85.3
56.0
110.8
80.6
'8 1,514.5
'11,175.2
2, 680. 1
1, 389. 4
1,127.5
2, 616. 4
116.6
96.0
214.0
140.4
112.2
206.2
174.4
136.1
226.4
169.0
132.5
234.2
118.6
95.3
208.2
111.2
91.8
246.7
89.5
72.6
225.3
86.3
71.3
207.4
88.3
73.8
236.6
73.0
61.4
218.6
81.3
68.2
194.1
Stoves, domestic heating, shipments, total. _ .do
Gas
do
Warm-air furnaces (forced-air and gravity air-flow),
shipments total
thous
Gas
do
TVater heaters gas shipments
do
MACHINERY AND APPARATUS
Fans, blowers, and unit heaters, qtrly. :
Fans and blowers new orders
mil $
Unit-heater group new orders
do
Foundry equipment (new), new orders, net
mo. avg. shipments 1957-59=100-.
Furnaces (industrial) and ovens, etc., new orders
(domestic) net
mil $
Electric processing
do
Fuel-fired (exc for hot rolling steel)
do
182.3
74.9
208.6
66.9
218.6
322.5
Material handling equipment (industrial) :
Orders (new), index, seas, adj ©
1957-59=100__
Industrial trucks (electric), shipments:
Hand (motorized)
number
Rider-type
do
Industrial trucks and tractors (internal combustion
engines) shipments
number
152.0
186.3
6,891
7,129
8,202
9,994
36, 171
Machine tools:
Metal cutting tools:
Orders new (net) total
Domestic
Shipments total
Domestic
_
Estimated backlog, end of period
Metal forming tools:
Orders new (net) total
Domestic
Shipments, total.
Domestic
mil $
do
do
_ _-do__
.months _ _
mil $
_ __ _ _do __
do
do
387.0
316.9
295.0
339.5
371.8
267.2
198.2
274.0
244.6
227.6
340.6
319.5
10.5
1.0
6.0
12.6
2.0
7.2
11.4
1.3
6.8
13.8
2.0
7.7
14.2
2.6
7.9
16.3
1.6
10.7
13.7
1.8
6.1
16.1
1.7
9.9
25.6
'3.4
16.4
11.7
2.0
5.4
15.2
2.2
8.3
15.8
3.5
7.6
171.4
192.6
183.0
211.0
205.6
231.8
209.7
210.1
204.3
189.9
190.0
196.7
742
842
558
695
745
899
810
1,015
837
983
883
1,228
722
965
749
776
920
1,087
907
932
857
1,028
903
1,081
660
913
41,746
3,497
3,378
3,729
3,910
4,144
4,052
3,531
3,619
4,159
3,980
4,015
4,305
3,359
976. 50 1,176.00
808. 90 1, 054. 40
791. 80
958. 60
830. 55
636. 75
6.3
7.6
95.60
84.75
69. 45
60.70
6.8
106. 80
95.40
57.55
50.10
7.3
99.85
87.00
80. 80
70.90
7.6
99.25
93.00
91.05
75.60
7.6
110. 50
100.25
77.95
67.25
128. 50
116. 50
109. 10
98.15
7.6
126. 50
115. 50
79.30
70.20
8.2
135. 45
121. 10
83.00
73.55
8.7
155. 85
137. 45
105. 05
94.25
9.1
134. 50
118. 40
86.00
78.35
9.5
127. 65
119. 55
90.20
79.25
9.7
'135. 20
'123. 15
'112. 00
'102. 35
'9.8
121. 45
109. 45
78.65
71.80
10.2
319. 30
297. 75
287. 85
259. 80
9.9
26.70
26.05
20.20
17.75
9.4
24.55
22.95
20.35
18.85
9.7
25.60
24.00
21.20
18.95
9.8
35.20
33.45
24.30
21.90
10.3
27.15
25.05
22.95
19.55
10.4
27. 60
23.95
30.30
27.55
9.9
29.75
26.10
23.35
22.25
10.0
30.50
29.40
28.70
26.15
10.2
31.25
28.65
30.45
28.75
10.0
22.80
21.80
26.70
25.30
9.6
31.15
27.55
27.40
25.85
9.5
2
238.6
246.7
246.1
246.9
245.2
277.3
283.8 2 107. 9
294.6
287.1
298.4
114.9
13.7
57.5
388. 70
353. 30
228. 20
200. 85
10.9
Other machinery and equip., qtrly. shipments:
Construction machinery (selected types), total 9
mil. $__ 11,523.7
1
Tractors tracklayinj? total
do
392. 6
Tractors wheel (con off-highway)
do
128. 7
Tractor shovel loaders (integral units only),
i 352. 9
Tractors, wheel (excl. garden and contractors'
i 679 2
off -highway types)
mil $
Farm machines and equipment (selected types),
excl. tractors
1
mil. $_.
954.0
ELECTRICAL EQUIPMENT
Batteries (auto, replacement), shipmentsf-.thous._ 30, 627
Household electrical appliances:
Ranges, shipments
(distributors'), domestier
thous
Refrigerators and home freezers, output
140.8
1957-59=100.Vacuum cleaners sales billed
thous
4, 506. 7
Washers sales (dom and export)
do
4, 189. 6
Driers (gas and electric), sales (domestic and
export)
thous 11,826.4
Radio sets, production©
_ _ . do.
Pelevision sets (incl. combination), prod.O.-do
Electron tubes and semiconductors (excl. receiving,
power, and spec, purpose tubes), sales
mil. $__
Motors and generators:
New orders, index, qtrly
1947-49 = 100. _
New orders (gross) :
Polyphase induction motors, 1-200 hp
mil. $_ _
D.C. motors and generators, 1-200 hp
do
1
152.8
21.6
75.2
280.6
18.3 7
l.O
6.7"
407 7
98 4
39.9
393 5
105.7
27.6
408.2
91 3
828.1
236.9
1, 057. 0
244 4
39. 15
33. 00
30. 60
29. 35
'9.5
26.10
25.20
23.20
22.60
10.0
225.4
37.0
30, 528
2,145
2,531
3,512
3,686
3,387
3,085
2,654
2,918
2,042
1, 772
1,972
2,106
2,101
2, 022. 6
149.1
178.7
189.4
163.3
170.3
188.8
172.8
165.5
178.3
191.5
163.1
162.4
169.5
170.3
434.5
317.4
176.2
517.0
364.7
151.6
549.6
397.7
192.6
429.0
351.6
176.2
,397.6
*349. 6
181.0
402.8
413.9
156.5
414.6
384.7
186.7
193.2
180.2
128.0
108.6
144.8
161.9
32,260
31,239
1,824
907
1,801 '32,075 '1,234
586
874 3 1, 125
81.1
74.6
74.3
'78.0
59.1
5.1
59.8
3.8
5 10.1
147.8
1 5, 106. 9
1 4, 347. 1
125.1
329.2
356.1
87.6
376.6
398.6
145.3
497.7
430.6
160.1
534.4
397.2
147.5
543.5
370.4
159.7
431.4
357.1
12,098.4
127.7
213.3
274.2
279.1
234.3
238. 8
19, 176
9,570
24, 118
11,028
1,757
596
653.0
757.0
52.3
178
1,764 3 2, 214
819 3 1, 230
2,312
1,086
2,074
1,044
72.4
70.0
68.9
215
183. 2
36.3
'
'
'
'
106 6
161.5
1, 739. 8
439.7
151.3
210.1
44.6
63.4
212
16.2
4.4
15.5
3.6
2
' Revised.
Revised total; monthly revisions are4not available.
For month shown.
3
5
Data cover 5 weeks; other months, 4 weeks.
Less than 50 tons.
Excludes orers for motors 1-20 hp.; domestic sales of this class in June 1966 (mil. dol.), 11.3.
6
For revised 1964 annual data, certain types previously classified as heating stoves are
icluded in warm air furnaces.
7
Reported yearend stocks. See BUSINESS STATISTICS note.
54.8
16.5
55.2
17.6
53.5
16 0
19.2
3.2
3 2, 417
'1,208
1,874
915
1,862
924
73.8
71.3
68.9
8
15.9
4.2
18.1
3.1
18.7
4.7
58.2
4.1
510.1
511.2
5.1
5.6
1,641
920
253
'247
217
178.0
3.9
ASee similar note, p. S-33.
^Producers' stocks elsewhere, end of July 1966,14,000 tons.
0Revised back to 1963 to incorporate new seasonal factors.
9 Includes data not shown.
tRevised series. Data include factory distributing branches and direct factory shipments
to retailers and other domestic customers; comparable Jan.-June 1965 sales (thous.): 149.1;
163.0; 192.5; 152.6; 148.4; 177.4.
•
f See note marked "f" bottom of p. S-35. 0 See note marked "©" bottom of p. S-35.
SUEVEY OF CUERENT BUSINESS
September 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1964
Annual
S-35
1965
July
Aug.
Sept.
1966
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
999
84
1,082
49
1,289
50
1 232
62
1 196
101
July
Aug.
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
thous. sh. tons__ 17, 184 '15,349
1851
1,575
Exports
__do
Price, wholesale, chestnut, f.o.b. car at mine
$persh. ton__ 13. 895
12. 979
Bituminous:
Production
thous. sh. tons.. 486,998 510, 000
'1,209 ' 1, 244
82
88
1/364
129
1,269
108
1,255
69
1,286
66
895
56
876
52
12. 495
12. 495
12.495
12.985
12. 985
12.985
13. 580
13. 580
13. 580
12, 005
12. 005
12. 005 Pl2. 005
34, 042
46, 228
43, 344
46, 596
46,356
46, 585
42,090
40, 200
48, 200
30, 260
45,930
46, 130
38,047 '37,370
20 324 r 19 972
16 567 !6 611
7,827 ' 8, 223
1 179
37,907
21 269
16 052
8,062
Industrial consumption and retail deliveries,
total 9
thous. sh. tons.. 431, 116
Electric power utilities
_ __do __ 223, 032
Mfg. and mining industries, total __ do_ __ 187, 758
88,757
Coke plants (oven and beehive)
do
458, 969
242, 729
196, 534
94, 620
36, 135
20, 018
15, 481
8,161
37, 545
21, 051
15, 562
8,120
36, 198
19, 936
14,910
7,504
38, 136
20, 066
16, 237
7,457
39, 132
20, 552
16,423
7,074
42, 851
22, 646
17, 556
7,397
45, 157
24, 063
17, 904
7,538
40, 564
21, 263
16,354
7,200
41, 021
21, 631
17, 521
8,171
Retail deliveries to other consumers. __ do _ _
19, 615
19,d48
564
840
1,266
1,748
2,078
2,625
3,189
2,947
1,865
Stocks, industrial and retail dealers', end of period,
total 9
- -thous. sh. tons
Electric power utilities __ __
do__ _
Mfg. and mining industries, total __ do _ _
Oven-coke plants . _ _ _
do __.
75, 342
52, 661
22, 305
10, 081
77,393
53, 437
23, 603
10, 506
66, 149
47, 482
18, 407
7,744
69,308
49, 244
19, 768
8,484
70,418
50,411
19, 715
8,253
73, 000
52, 017
20, 691
9,107
75, 226
53, 125
21, 736
9,743
77,393
53, 437
23, 603
10, 506
71, 889
49, 779
21, 833
10, 137
69, 055
47, 197
21, 630
9,870
73,526
48, 973
24, 362
11,318
1,102
706
34, 170
51, 285
498
68, 115 r 69 761 73 027
46 919 r 48 605 50 589
20 993 20 918 22 158
8,640 '8 485 8 932
376
353
260
296
292
292
365
353
277
228
191
203
238
280
do_ __
47, 969
i 50, 181
4,231
5,086
5,160
5,560
4,627
3, 542
2,854
3,166
3 512
3 937
4 238
5 038
Prices, wholesale:
Screenings, indust. use, f.o.b. mine
$per sh. ton__
Domestic, large sizes, f.o.b. mine.
do _ _ _
4.798
6.895
4.794
6.926
4.799
6.645
4.786
6.833
4,790
7.017
4.795
7.144
4.794
7.203
4.794
7.228
4.794
7.247
4.804
7.247
4.798
7.005
4.814
6 632
4.986
6.614
'78
5, 124
1, 553
94
5,184
1,558
94
4,895
1,352
108
5,598
1,478
108
5 401
1 381
113
5 640
1,448
2,696
2 504
192
1,546
67
2,627
2 442
185
1 584
68
2 345
2 172
173
1 570
118
1,394
2 92
261 6
90
1,517
2.92
285 3
88
Retail dealers..
Exports
- __ __do
-
COKE
Production:
Beehive
_
thous. sh. tons__
Oven (byproduct)- _
_ _
_ _do__ _
Petroleum coke§_ _ _ _
_ _ _ _ _ _ _ _ d o __
Stocks, end of period:
Oven-coke plants, total
_
_ _ -do
At furnace plants
__ _
_ ___do
At merchant plants
_
__ __do
Petroleum coke_
_ _ _ __ -do __
Exports
- _ _do__
'159
' 1, 657
'90
'74
'65
'165
'65,198 '5,623 ' 5, 573 '5,230 ' 5, 179 '4,949
1,475
1,412
1,443
17, 208
1,358
1,489
1,236
60, 908
16, 865
T
r
4 038
4.986 P4.986
6. 695 PQ 745
122
5 528
1 419
104
5 677
2 166
2 009
157
1 563
146
2,080
1 939
141
1 552
109
2 223
2 029
194
1,274
2 92
271 7
87
1,380
2.92
290 1
90
1,544
2 92
285 6
92
r
1,971
1,708
262
1,359
524
2,699
2,445
254
1,478
1834
1,177
1,017
160
1,511
63
1,271
1,085
181
1,460
99
1,484
1,278
206
1,418
73
1,918
1,690
227
1,414
65
2,341
2,103
239
1,411
77
2?699
2,445
254
1,478
78
2,789
2 548
242
1,550
64
number-- 20, 620
2.92
$ per bbL.
_- __mil. bbl__ 3, 223. 3
87
% of capacity-
18,761
2.92
3, 300. 8
87
1,521
2.92
288.7
89
1,784
2.92
286.1
89
1,844
2.92
270.2
86
1,375
2.92
281.7
87
1,606
2.92
276.0
88
1, 685
2 92
287 2
89
1,050
2.92
290 6
90
4, 190. 8
345.5
347.4
329.1
357.4
345.0
369.6
378.3
346.8
389.5
362.1
373.7
365.7
2, 848. 5
441.6
237.6
36.6
240.2
36.5
222.5
35.0
244.1
37.9
239.6
38.0
253 6
39 2
250.5
38.9
231.7
36.0
258.1
39.5
249 2
38 8
259.8
39.4
251 5
37.9
452.0
448.7
-2.9
40.7"
30.6
13.2
40.8
29.9
10.9
43.2
28.4
4.3
39.1
36.2
12.1
32.0
35.4
-7.6
-3ae
27 9
49 0
42.0
46 9
-16.6
34.7
44 5
-23.1
38.8
53.1
9.4
36 5
37 6
11.0
37.3
37 2
30.2
39 0
37 4
9.5
do
4, 032. 4 4, 193. 7
332.3
336.5
324.8
345.3
352.6
406 2
394 9
370 0
380 1
356 3
1.1
1.4
66.8
72.5
3, 958. 5 4,125.9
1, 685. 5 2 1, 720. 2
178.4
297.6
.4
5.7
326.2
156.7
4.9
0
5.7
330.8
154.4
5.9
0
5.2
319.6
142.5
6.0
.2
5.1
340.0
147.0
7.7
.1
5.5
347.0
140.1
9.4
(31
o
53
400 9
149 0
12 7
1
51
389.7
132 6
14 I
56
364.4
126 0
12 1
1
62
373.8
145 4
87
351 1
3
58
344 9
147 3
61
343 6
do
do
do
-do
do
55
338.1
153 7
59
77
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed
Price at wells (Okla.-Kansas)
Runs to stills J
Refinery operating ratio
All oils, supply, demand, and stocks : J
New supply, total
mil. bbl__ 4, 036, 1
Production:
Crude petroleum
do __ 2, 786. 8
422.5
Natural-gas liquids, benzol, etc
_ _do _ _
Imports:
438.6
Crude petroleum...
do _
388.1
Refined products
do
3.7
Change in stocks, all oils (decrease,—)
do
Demand, total
_
Exports:
Crude petroleum.—
_
Refined products
_
Domestic demand, total 9
Gasoline.i_
Kerosene _ _ _ _ _ _ _ - _ - .
Distillate fuel oil
Residual fuel oil
Jet fuel .- -_
Lubricants..
Asphalt
_
Liquefied gases
Stocks, end of period, total
Crude petroleum
Natural-gas liquids
Refined products
Refined petroleum products: }
Gasoline (incl. aviation) :
Production
Exports
Stocks, end of period
_ _ __
(3)
6
350
165
4
p 2 92
I
1
1
4
9
750.4
554.6
118.6
776.0
586.4
2 220. 6
44.3
37.8
18.6
47.9
36.8
20.0
49.8
37.5
19.6
56.9
45.8
18.2
71.7
46.8
18.6
92 9
65 9
19 4
96 1
65 9
18 6
88.4
64 7
17 6
76 5
65 9
19 9
63 3
49 1
21 5
53 2
43 2
c 20 3
48 5
44 4
20 7
do
do
-_do _
45.8
120.2
247.9
47.0
127.6
260.8
4.1
17.2
17.1
4.0
17.8
17.9
4.0
15.5
19.0
3.8
14.7
21.9
3.8
9.4
24.0
37
54
33 1
41
37
34 8
36
35
30 5
46
61
27 2
4 4
81
24 0
44
12 1
22 9
4 2
17 2
21 6
_ _ _ do _
do
do___
_ __do_ _
839.2
230.1
35.7
573.5
836.3
220.3
35.9
580. 2
853.2
242.1
43.6
567.6
864.1
236.4
46.7
581.0
868.4
231.1
46.9
590.4
880.5
231.8
45.9
602.8
873.0
226.7
42.5
603.7
836 3
220 3
35 9
580 2
819 8
221.4
28 9
569 5
796 6
225.4
24 7
546 4
806
236
26
543
1,704. 4
24.9
2 183. 1
148.5
.3
185.1
150. 4
.4
181.8
140.5
.3
180.3
142.4
.3
176.6
142.5
.4
179.2
151 4
j
183.1
152 5
2
203.5
133 8
2
212.2
146 3
2
214.2
140 1
2
207.9
147 7
I
203.6
146 8
4.
185.9
.113
.113
.113
.113
.113
.105
.113
.113
.118
.209
.213
9.1 n
.213
.210
211
9.19
918
91 R
do._ _
__do _
_ _ do
_ _ _ do __ 1, 687. 4
do
8.0
do.___
199.5
2
Prices (excl. aviation) :
.113
Wholesale, ref. (Okla., group 3)
$ per gal__
.102
.113
.113
.113
Retail (regular grade, excl. taxes), 55 cities
.209
.211
(1st of following: mo.)
$ per eal.
.200
.208
.210
' Revised.
p Preliminary.
' Corrected.
i See note "O" for p. S-21.
2
Beginning Jan. 1965, gasoline excludes special naphthas; aviation gasoline represents
finished grades only (alkylate excluded); commercial jet fuel (formerly included with kerosene)
is included with jet fuel.
FOOTNOTES FOR ELECTRICAL EQUIPMENT, P. S-34.
1 Data reflect adjustment to the 1963 Census of Manufactures; revisions back to 1963 are
available.
<
O Radio production comprises table, portable battery, auto and clock models; television
sets cover monochrome and color units.
r
3
0
3
4
4
817
249
30
537
Less than 50,000 bbls.
9 Includes data not shown separately.
§ Includes nonmarketable catalyst coke.
t Revisions for Jan .-Oct. 1964 will be shown later.
0
3
6
1
847
255
36
555
2
6
4
2
856
259
41
555
6
7
4
5
v . 118
918
99,1
S-36
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
Annual
September 1966
1966
1965
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Kefined petroleum products t— Continued
Aviation gasoline:
Production.
mil. bbl
Exports .
do
Stocks, end of period
do
Kerosene i
Productidn
do
Stocks, end of period
do
Price, wholesale, bulk lots (N. Y. Harbor)
$ per gal
Distillate fuel oil:
Production
mil bbl
Imports..
do
Exports
do
Stocks, end of period
do
Price, wholesale (N.Y. Harbor, No. 2 fuel) •
$ per gal
Kesidual fuel oil:
Production
mil bbl
Imports
do
Exports
do
Stocks end of period
do
Price wholesale (Okla No 6)
$ per bbl
Jet fuel (military grade only) :
Production
mil bbl
Stocks, end of period
do
Lubricants *
Production
do
Exports
do
Stocks end of period
do
Price, wholesale, bright stock (midcontinent,
f o b Tulsa)
$ per gal
Asphalt:
i 48 g
i42
18 3
194 5
i 24 1
127 8
54
91
169 5
36 2
33
30
.2
9.0
3.3
.1
8.1
9.5
70
19.6
21.3
42
3
82
41
3
85
41
38
39
39
37
33
87
84
80
83
85
91
.2
9.2
67
25 3
66
26 0
69
26 9
81
27 3
83
26 3
10 4
94 i
10 3
20 2
98
17 9
18.7
3
2
4
1
1
1
7.4
3.2
.4
7.2
7.2
23.5
096
098
095
095
098
100
100
103
103
103
.103
.102
.102
.102
742 4
11.8
54
155 8
765 4
13.0
37
155 4
65 5
9
3
138 5
66 4
16
3
158 4
62 8
65 7
66 1
70 1
11
70 1
62 8
64.7
60 4
63.8
62.1
172.0
182 0
117.7
086
.090
087
087
090
092
266 8
295 g
18 9
40 4
1 50
268 6
344 6
14 9
56 2
1 83
21 6
22 1
13
50 2
1 80
21 1
20 4
13
53 8
1 85
19 5
20 0
10
55.1
1 90
108 0
99
1 191 2
1
18.7
16 8
21 0
16 0
19 8
63 7
18 2
14 1
62 9
16 7
13 3
54
14
12 8
54
9
13 3
1.1
5
1.1
3
.8
.3
1.4
.3
1.2
.3
p. 102
1.8
.3
3
1.1
.4
177.3
155 4
130.0
104.0
92.8
91.0
102.5
092
095
.095
.095
.095
.092
.092
.092
22 4
27 5
1i
58 4
1 95
22 8
26 1
10
59 7
1 95
24 6
38 5
10
56 2
1 95
26 3
37 8
22 2
37 3
23.8
42.8
20 5
28.6
20.5
26.7
19.6
27.8
53.6
1 90
47.6
1 80
46.8
1 60
46.2
1 55
49.5
1.55
51.7
1.55
ifi n
17 9
16 5
18 2
16 2
18.6
16 6
18 7
16 8
18.9
15 7
19.2
17.9
20.1
17 6
18.7
18.5
19.6
18 6
19.8
51
14
13 0
51
16
12 8
51
12
12.9
55
14
13 3
13.8
14.1
13.6
1.3
1
1.1
5.6
1.1
.6
1.0
1.1
5.1
1.2
1.9
5.4
1.3
.8
5.3
1.4
13.1
1.1
5.6
1.2
13.1
p. 092
1.1
pl.55
5.1
1.5
12.5
270
270
270
270
270
270
270
.270
.270
.270
.270
.270
.270
.270
114. Q
14 4
14 fi
16 2
12 6
13.2
98
13.9
7 3
16.2
66
19.5
60
22.4
8.0
18 5
13 5
14 8
10 3
26.8
11.4
26.5
13 8
23.6
do
14 2
123 6
16.2
do
do
59 2
189 6
56 1
200 2
49
12 3
48
13 1
43
14 6
43
17 5
19 6
22 9
24.0
21.1
17.9
14.9
13.8
13.3
mil bbl
31 8
32 0
40 1
43 5
43 8
42 8
39 4
32 0
24.3
20.1
21.1
25.4
32.1
37.4
Asphalt and tar products, shipments:
Asphalt roofing total
thous squares
Roll roofing and cap sheet
do
Shingles, all types
do
71 075
26 218
44 857
72 696
28 584
44 112
7 634
2 856
4 778
8 546
3 322
5 224
7 766
3 130
4 636
7 279
2 987
4 292
5 599
2 294
3,305
4 580
1,982
2,598
4,987
2,056
2,932
3,601
1,490
2,111
720
680
995
645
603
973
52
66
95
70
65
109
72
69
93
75
63
82
62
45
73
47
31
66
44
21
80
30
17
56
35
36
68
38
44
73
38
53
75
"48
62
99
4,669
4,794
5,001
4,957
4,664
5,313
p. 270
Stocks, end of period
Liouefied petroleum cases*
Production
Transfer from gasoline plants
at refineries) end of period
Asphalt siding .
Insulated siding
Saturated felts
do
do
thous sh tons
4.2
5.1
5.4
4.9
24.5
5.3
4.9
4,724
5,448
2,028
1,996
2,728 r3,420
5.3
4.9
6,100 r 8, 127
2,263 ' 3, 050
3,838 ' 5, 077
6,535
2,579
3,956
43
60
77
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
Consumption
Stocks end of period
thous. cords (128 cu ft )
do
do
Stocks, end of period
do
49 872
49 711
4 843
50 452
50 740
5 770
4 234
4 110
4*856
4 379
4 351
4 985
4 270
4 085
5 268
4 611
4 664
5 328
4 228
4,383
5,317
4,441
4,072
5,770
4,247
4,574
5,412
4,192
4,293
5,320
4,843
4,651
5,428
4,512
4,642
5,260
9 4Q3
9 914
'573
720
555
oqq
840
520
899
511
842
512
804
573
848
486
808
464
920
466
871
486
09 Jon
1 4*\7
qq 9QC
A8O
2 01 7
9 Q4Q
1,817
258
2 894
119
1,811
232
2 626
124
1,606
217
2 918
141
1,808
230
9 750
124
1,715
213
3 052
'l40
1,908
242
2 964
132
1,854
239
596
532
r
4,772
i 564
5,453
894
511
740
555
3 102
134
1,945
256
3 017
2 904
1,898
1,847
899
r488
wriO'nprTf p
roQuct n.
,
,,
, ,
1 657
218
1 822
238
9 7fin
120
1 678
220
3,920
1,473
3 113
319
125
247
337
122
263
305
121
256
334
126
284
339
119
275
320
113
247
337
121
281
315
118
265
342
131
289
331
133
275
338
133
297
322
134
286
318
131
273
781
228
462
92
730
253
395
82
763
281
400
82
766
302
383
81
743
290
375
78
750
311
369
70
739
300
366
73
730
253
395
82
698
265
359
75
682
252
351
79
680
242
355
82
683
243
361
79
700
250
r369
r 81
716
233
393
91
745
249
407
89
do
1 602
CO -I
do
1 021
21,402
2 535
897
119
52
67
109
42
67
110
41
69
123
49
74
101
33
68
129
56
73
128
58
71
126
56
70
125
56
70
153
46
108
140
47
93
132
54
78
121
24
97
do
2 922
do
2 650
3,127
280
2,847
245
23
222
265
23
242
253
25
228
261
23
237
306
24
282
270
23
247
242
22
220
249
23
226
303
27
276
254
20
234
287
24
263
300
28
272
279
26
254
43 747
19', 020
20, 760
135
3 419
1 488
1,599
8
3 746
1 608
1,788
11
340
3 626
l', 544
1,730
11
3 911
1,677
1,858
11
3 996
1,699
1,946
3 712
1,595
1,799
Sulfate
Sulfite
do
do
20 006
2 685
1 486
20, 514
2,789
Groundwood
Defibrated or exploded
Soda semichem screenings etc
do
do
do
3 596
1 621
3 063
do
do
do
do
Total all mills
Pulp mills
Paper and board mills
Nonpaper mills
Exports, all grades, total
All other
Imports, all grades total
All other
979
2
•MO
134
130
140
236
115
220
PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census):
Paper
Paperboard
Wet-machine board
flrmctrnptinr* nonar onrl lir»arrl
Revised.
* Preliminary.
l
do
do
do
rln
41 748
18 180
19 623
148
3 7Q7
See note 2 for p. S-35.
2
3 833
394
See note "O" for p. S-21.
.349
3 751 3 624 3 847 3 651 4 045 3 938 '4 034
1,756
1,697 r 1, 718
1,627 l', 573 1,700 1,587
1,935
1,879 r 1, 964
1,789 1,754 1.845 1,759
11
12
12
12
11
11
12
00 K
.324
9.8fi
291
341
349
r339
3flS
{Revisions for Jan.-Oct. 1964 will be shown later.
12
339
9
309
Aug.
SURVEY OF CUEEENT BUSINESS
September 1966
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
Annual
S-37
1966
1965
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS— Con.
Paper and board— Continued
New orders (American Paper and Pulp Assoc.) :
All grades paper and board thous sh tons
Wholesale price indexes:
Printing paper
1957-59—100
Book paper, A grade
do
Paperboard
_ _ _ _ _ _ _
do
Building paper and board
do
Selected types of paper (APPA):
Fine paper:
Orders new
thous sh tons
Orders, unfilled, end of period
do
44 296
3 632
3,747
3,664
3 934
3 708
3,556
3,970
3,692
4,228
'3,998
101.4
109.4
96.5
94.2
101.4
110.6
96.4
93 0
101.4
110.7
96.3
93.5
101.4
110.7
96.3
93 3
101.4
110.7
96.4
93.4
101.4
110.7
96.5
93.8
101.4
111.5
96.5
93.3
101.4
111.5
96.5
92.7
101.4
112.7
96.7
92.7
101.4
113.5
96.7
92.7
101.4
113.5
97.0
92.7
101.4
113.5
97.1
92.6
101. 4
114.6
97.2
92.6
101.9
114.6
97.2
92.6
101. 9
115.6
97.2
92.6
2,234
2,429
242
P3,703
197
153
192
149
206
151
214
169
201
150
213
146
207
154
'168
'233
'172
243
187
p 228
P 188
p 219
P194
2,244
2,237
2,410
2,413
186
191
204
202
197
193
211
202
206
214
208
209
217
214
205
200
'226
'231
'227
'228
'233
234
P 225
p 226
P213
P217
5 800
6,195
530
558
510
518
517
543
550
554
476
500
502
510
553
522
529
510
'562
'623
'620
'551
'598
586
622
P 576
P 622
?543
P653
5, 623
5,623
5,993
5,993
471
471
493
493
507
507
534
534
503
503
505
505
'526
526
502
502
'562
'562
'534
'534
564
564
P 552
P 552
P511
P511
4,392
4,590
210
357
226
392
235
357
219
396
227
379
199
379
210
394
211
381
226
447
250
'417
'256
394
250
p 386
p 237
P393
P229
do
do
4,352
4,331
4,591
4,564
357
358
390
382
371
374
395
391
392
393
376
379
399
390
376
376
429
420
'394
'398
412
405
p 392
p 392
P389
P394
do
do
do
7, 301
7,310
7,720
7,747
651
642
209
663
646
225
637
637
225
686
694
217
693
717
193
648
691
150
675
610
215
654
617
253
738
688
302
702
732
272
735
777
230
698
687
241
703
666
278
do
do
do
_
194
157
do
do
.
150
do
do
Production
Shipments
Coarse paper:
Orders, new_. _ .
Orders, unfilled, end of period
98
do
do
Production
Shipments
Printing paper:
Orders new
Orders unfilled, end of period
Production
Shipments
Newsprint:
Canada:
Production
Shipments from mills
Stocks at mills, end of period
United States:
Production
Shipments from mills .
Stocks at mills, end of period
' 4, 056 P 3,997
41 646
2,261
2,273
2,180
2,183
19
168
167
20
196
189
27
160
167
20
182
178
23
193
192
24
181
186
19
197
191
25
185
184
27
203
210
20
192
191
20
205
207
17
205
204
18
194
186
26
6,387
477
517
509
591
589
576
526
498
586
576
628
573
522
641
668
677
688
607
632
494
do
do
437
•
190
178
22
150
Consumption by publisher scf
do
Stocks at and in transit to publishers, end of
period
thous sh tons
6,031
585
573
619
634
626
580
570
573
586
619
624
Imports
__
do
Price, rolls, contract, f.o.b. mill, freight allowed
or delivered
$ per sh ton
5,954
6,323
518
525
574
539
538
627
551
509
633
570
134. 23
132. 40
132. 40
132. 40
132. 40
132. 40
132. 40
132. 40
132. 40
132. 40
132. 40
134. 40
386
563
384
88
1417
1796
410
90
384
818
359
78
412
818
416
90
413
848
415
90
444
844
441
94
437
847
443
94
386
793
414
89
438
855
421
93
453
902
446
95
471
944
450
95
453
973
450
94
137, 261 148, 312
11, 747
12, 523
13, 167
13, 633
13, 375
12, 812
12,044
11, 848
14,043
13,068
120 8
131 1
137 2
137 5
128 4
136 2
122 9
115 9
140.2
129.5
133.5
44 34
93.73
44.94
.258
50 90
90. 56
40 27
.258
45.93
90 34
44. 33
.244
' 46. 42
' 91. 45
38.45
.241
88
78
46
31
153 07
131. 54
317 01
29.91
169 52
150 23
309 77
30 00
23 32
23 06
28 93
22 84
21 88
28 72
27 19
24 56
30 07
23 20
22 06
29 99
14 605
16 275
15 317
14 885
14, 473
12, 187
15 855
5 527
10 079
16, 224
5 253
10 734
14, 690
4 903
9,587
16, 220
4,900
11, 161
12, 901
2,446
10 292
41 214
39, 601
39, 166
3,669
3,770
11, 107
3,185
3, 402
11,119
Paperboard (National Paperboard Assoc.) :
Orders, new (weekly avg.)
thous. sh. tons__
Orders, unfilled, end of period
do
Production, total (weekly avg.)
do
Percent of activity (based on 6.5-day week)
Paper products:
Shipping containers, corrugated and solid fiber,
shipmentsj
mil. sq ft surf area
Folding paper boxes, shipments, index of physical
volume
1 947-49 — 1 00
125.7
128 2
134. 40 ' 138. 40 P 138. 40
452
999
457
94
391
999
410
84
13, 477 « 13, 669
12, 403
469
1,025
466
97
449
975
450
92
' 144. 5 P 125.1
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
thous Ig tons
Stocks, end of period
do
Imports , incl. latex and guayule
do
Price, wholesale, smoked sheets (N.Y.)__$ per lb__
Synthetic rubber:
Production
Consumption
_
Stocks, end of period
Exports
_ _
thous Ig tons
do
do
do
Reclaimed rubber:
Production __ _
Consumption
Stocks, end of period
481 50
86 85
36 55
97 04
30 66
.258
40 57
96 20
28.42
.248
1 764 94 1 813 99 141 35
1 451.51 1,540 87 108. 25
297 13
311 95 325 26
321. 26 2 281 78
24 32
148 59
119. 51
323 56
24 87
441. 19
.252
514 71
100 "01
445 32
.257
43 98
96 96
39 90
.243
137
131
311
21
70
44
08
70
46 14
96 44
41.91
.241
156
140
304
25
52
48
81
17
45 41
98.36
43.91
.241
157
133
302
23
44 26
100 01
44.57
.243
87
44
99
79
166 12
135 82
311 95
23.32
46 94
98 70
28 31
.245
168
137
320
23
do
do
do
276 26
263 19
30.08
280 29
269 54
30 16
21 08
20 03
29 96
22 60
20 80
30 88
22 38
22 20
30 39
23 43
24 03
29 06
22 83
21 45
28 84
24 66
22 75
30 16
thous
158 113
167 854
12 174
12 822
13 921
15 331
14 194
14 839
15 308
13, 912
4 987
8 729
' 47. 06
91.07
42.40
.236
37.71
92.72
25.94
.234
.230
165 58 165 55 161 59 155 30
141 02 ' 137. 93 ' 140. 29 112. 21
316 02 '322.02 324. 08 342 63
24.59
28.01
26.11
24.07
' 23. 96
'21 67
' 30. 79
24.55
'22 35
31.96
18.64
17 29
32.38
TIRES AND TUBES
Pneumatic casings:
Production
Shipments, total
Original equipment
Replacement equipment
Export
.
Stocks, end of period
Exports (Bu. of Census)
Inner tubes:
Production. _
Shipments
_
Stocks , end of period _ . .
Exports (Bu. of Census)
do
do
do
do
150 488
48 045
100' 369
2 075
do
do
do
do
do
do
14 227
4 222
9' 689
14 863
4 178
10 441
'244
16 073
5 557
10 206
'310
13 709
5 511
8 017
'l81
13 062
5 386
7 472
316
12 145
2 215
9 682
'248
205
195
196
249
237
37 553
1 589
37 059
2 2 381
35 036
36 095
37 059
156
40 833
'l80
40 775
183
38 366
'l40
41 441
173
34 442
35 083
250
35 110
175
220
42 437
41 890
11 454
41 342
41 936
11 839
2
1, 189
3 207
3 297
11 196
3 251
3 521
11 015
3 455
3 413
11 145
3 513
3 589
11 045
3 243
3 058
11, 336
3 483
3 021
11 839
3 507
4 351
11,216
3 558
3 742
11 179
3 983
4 480
10 630
3 591
3,724
10, 699
3,533
3,336
11, 039
71
64
896
128
191
77
' Revised.
p Preliminary.
1 Beginning Jan. 1965, monthly data are 4-week averages
for period ending Saturday nearest the end of the month. Annual data for new orders are
52-week averages; those for unfilled orders are as of Dec. 31. 2 See note "O" for p. S-21.
12 222
4 844
7 181
060
280
905
875
169
58
107
2
123
259
174
99
108
211
87
125
200
126
159
147
80
163
151
96
c? As reported by publishers accounting for about 75 percent of total newsprint consumption.
I Revisions for Jan. 1964-Feb. 1965 will be shown later.
« Corrected.
S-38
SUEVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
j 1965
September 1966
1966
1965
Annual
July
Aug.
Sept.
Oct.
Nov.
Feb.
Jan.
Dec.
Mar.
Apr.
May
June
July
35 330
41, 724
37, 941
Aug.
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments, finished cement
„
thous. bbl
366 304 !373 563 39, 439
41, 242
37, 531
39 418
31 446
25 117
17 327
16 982
28 779
30 883
768 2
28 9
175.5
743.7
27.5
166.3
749 5
29 2
155.6
714 0
26 1
138.8
645 6
23 7
118 8
464 3
20 4
94 5
421 0
16 7
82 9
747 7
23 4
151 3
745.6
22.7
146.4
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil. standard brick
7,743 8 r8 089 1
Structural tile, except facing. _ thous. sh. tons
311.4
313 3
Sewer pipe and fittings , vitrified
do
1, 837. 2 1 732 2
Facing tile (hollow) , glazed' and unglazed
mil. brick equivalent
326 9
353 4
Floor and wall tile and accessories, glazed and unT 283 4
glazed
mil sq ft
r 288 8
Price index, brick (common), f.o.b. plant or"
N.Y. dock
_ 1957-59=100
107 1
108 4
761 3
26 2
171 0
r
753. 8
21.2
' 148. 4
814.7
24.7
172.7
29.2
31 1
30 6
30.3
28 5
28 3
28 1
23 1
21 8
26 3
28.3
26.2
r 24 0
r 24 9
r 24 8
r 23 4
r 22 1
r 21 6
22 5
21 5
25 9
24 6
24.2
26.3
107 8
108 8
109.2
109 2
109 4
109 8
109 9
110 4
110.7
110.9
111.1
111.8
111.9
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments
thous. $__ 324, 955
Sheet (window) glass, shipments
Plate and other flat glass, shipments
Glass containers:
Production
do
do
thous gross
Shipments, domestic, total
do
General-use food:
Narrow-neck food
do
Wide-mouth food (incl. packers' tumblers,
jelly glasses and fruit jars)
thous gross
144, 753
180 202
354, 308
89, 869
96, 489
88, 249
140 559
213 749
38, 848
51 021
39, 769
56 720
34, 006
54, 243
189 414 r202 050
r
184, 773 r!95 924
r
!6 801 r!8 299 r!6 269
r
!6 925 r!8 390 r 17, 468
r
r
15, 897
r
16 352
18 658
17 567
18, 370 ' 18, 996 18, 027
15, 743
14, 715
14, 298
17, 785
16, 578
17, 460 ' 19, 337
!5 275 16 745
r
17, 125
r
2 080
2 830
2 886
1 932
1,489
1,403
1 431
1,537
2,035
1,717
1,713
M, 653
1,578
53 742
r 4 44J
r 5 001
4 929
5 030
4 707
4 193
4 369
3 964
4 356
3 851
4 142
r
4 568
3,957
1 379
2 332
1 759
1, 427
2 530
1,723
2,131
2 694
1 447
1-146
2 414
1 248
1,413
2 216
1,366
2,034
3,302
1,571
2,266
3 304
1 469
2,561
3,549
1,539
r
r
r
3, 350
4, 197
1, 540
3,236
4, 190
1,120
3 548
r 554
3 367
T 516
3 200
r 522
3 501
3 247
106
113
127
460
95
3,864
531
92
3 366
512
94
502
103
3,359
516
81
3,427
510
92
2,575
393
76
26 945
28 466
30 370
30, 801
31, 977
32, 814
31, 892
32, 408
Beverage
Beer bottles
Liquor and wine
do
do
do
17, 664
33 252
16 756
20 283
r 36 134
17 273
2,089
3 852
1 155
1,764
3 357
1 382
1,371
2 838
1 488
Medicinal and toilet
Chemical household and industrial
Dairy products.
do
do
do
36 764
7 366
1,421
r 38 797
r Q 882
2 692
r 512
3 371
r 567
3 193
r 563
1 265
86
117
128
do
25 375
Stocks, end of period
16, 667
21 548
20, 829
50 721
!8 531 r!9 407
r
26 945 r26 980 '27 466 r26 550
r
27 696 r27 790
r
GYPSUM AND PRODUCTS (QTRLY)
Crude gypsum, total:
Imports
Production _
«
6 246
10 684
5 911
10 035
1 734
2 708
1 475
2 568
1, 033
2,245
1,487
2,678
do
9 440
9 320
2 510
2 313
2 074
2,305
do
do
4 562
4 580
1 283
77
1 122
79
786
81
1,430
319
do
do
972
993
828
976
210
266
173
235
168
202
194
238
1 495
7 542
1 368
8 083
2 133
thous sh tons
do
Calcined, production, total
Gypsum products sold or used, total:
Uncalcined uses
Industrial uses
Building uses:
Plasters:
Base-coat
All other (incl. Keene's cement)
Lath
Wallboard...
All other
__ _
mil sq ft
do
do
292
253
1,996
1,623
2 073
74
316
264
311
371
271
82
76
54
67
TEXTILE PRODUCTS
WOVEN FABRICS
Woven fabrics (gray goods), weaving mills f
Cloth woven, total 9
mil linear yd
Cotton
do
Manmade
fiber
do
12 672
9 136
3 289
do
do
do
1 068
1 139
Orders unfilled total end of r
period 9 1[ do
Cotton.
'
'
do
Manmade
fiber
do
3 757
2 500
1 161
4 140
3 023
15 149
14 916
823
581
223
1 027
13 037
9 262
3 517
Stocks total end of period 9 cf
Cotton .
Manmade
fiber
661
386
676
442
999
1 036 2 1 258
730
2883
2 351
285
2
21 171
2
827
2321
1 013
1 020
1,019
705
293
1 265
2864
2373
1,008
282
701
294
1, 245
2856
2361
1 100
*655
1 097
1 107
'653
1 080
1 053
r 1 045
1 087
430
639
422
1 068
654
423
1 139
427
4 589
3' 387
1,078
733
282
712
280
615
390
5 1 094
*636
5
437
1 108
4 941
3 025
1 110
4 216
3 019
1 088
4 145
2 949
1*092
4 139
3' 020
1 018
4 180
3 046
1 016
4 140
3 023
999
4 246
3 114
1 008
180
922
3 654
8 916
11 709
312 696
414 474
649
440
2
1 027
*729
1 034
676
442
627
416
4 649
3,439
1,085
700
285
f-416
620
447
4 662 r 4 714
3,473 r 3, 504
1,080
1,099
4 457
3,305
1,050
614
414
607
COTTON
Cotton (exclusive of linters) :
Production:
O-rrmvngsA
thous running bales
Crop estimate, equivalent 500-lb. bales °
thous bales
Consumption
_
do
Stocks in the United States, total, end of period
15 182
8 940
14 956
9 296
c
c 595
90 7C7
Domestic cotton, total
On farms and in transit
Public storage and compresses. _
Consuming establishments
Foreign cotton, total
do
do
_do
do
do
21 817
i fif^
18, 706
1,456
H
23 652
2 K(\K
19, 619
1 528
14 223
OQ1
oqn
12, 521
1 472
2
886
742
751
831
753
753
2947
758
769
2953
no A{\-\
97 3fifi
9fi ^fl1
OK ARC
oq 7K7
28 306
14 620
12, 512
1,174
27 265
12 157
14, 037
1,071
26 202 24 956
7 544
4 915
17, 457 18, 632
1 201 1,409
23 652
2 505
19, 619
1,528
22 617
22 516
1 130
19, 741
1,645
21 692
21 596
20 413
20 323
19 542
19 460
18 629
18' 553
17 467
17, 396
19, 188
1,710
18, 381
1, 811
17, 360
1,746
16, 524
1,652
15, 761
1,488
733
95
112
105
67
101
r
Kevised. 1 Beginning Jan. 1965, excludes finished cement used in the manufacture of prepared masonry cement (2,734 thous. bbls. in 1964); annual totals include revisions not distributed to the months.
2
4
Data cover 5 weeks; other months, 4 weeks.
3 Ginnings to Dec. 13.
Ginnings
5
6
c
to Jan. 15.
See note "dV*
Sept. 1 estimate of 1966 crop.
Corrected.
fBegmning 1964, data are not strictly comparable with figures for earlier periods because of
revised fabric classifications and the inclusion of manmade fiber drapery fabrics.
9 Includes data not shown separately.
2
10
14 916
698
131
354
377
147
396
6 10,992
766
622
16, 862
16,801
188
15,274
1,339
62
14, 159
1,331
99
71
82
76
90
96
101
105
99
100
c? Stocks (owned by weaving mills and billed and held for others) exclude bedsheeting,
toweling, and blanketing, and billed and held stocks of denims. Effective Aug. 1965, stocks
cover additional manmade fiber fabrics not previously included.
IfUnfilled orders cover wool apparel (including polyester-wool) finished fabrics; production
and stocks exclude figures for such finished fabrics. Orders also exclude bedsheeting,
toweling, and blanketing.
ATotal ginnings to end of month indicated, except as noted.
SURVEY OF CURRENT BUSINESS
September 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
Annual
S-39
1966
1965
July
Aug.
Sept.
Oct.
Nov.
Jan.
Dec.
Mar.
Feb.
Apr.
May
June
July
Aug.
TEXTILE PRODUCTS—Continued
COTTON-Conthmed
Cotton (exclusive of linters)— Continued
Exports
thous. bales
Imports
_
do
Prices (farm), American upland
cents per Ib—
Prices, middling 1", avg. 15 markets
do
Cotton linters:
Consumption
_
_
__thous. bales__
Production
_ __
do
Stocks, end of period
_
do
COTTON MANUFACTURES
Spindle activity (cotton system spindles) :
Active spindles, last working day, total mil__
Consuming 100 percent cotton
do
Spindle hours operated, all fibers, total
biL.
Average per working day
do
Consuming 100 percent cotton
_.
do
Cotton yarn, natural stock, on cones or tubes:
Prices, f.o.b. mill:
20/2, carded, weaving§
$perlb
36/2, combed , knitting §__
_
do
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production (qtrly.)
mil lin yd
Orders, unfilled, end of period, as compared with
avg. weekly production
No. weeks' prod
Inventories, end of period, as compared with"
Ratio of stocks to unfilled orders (at cotton
mills) end of period seasonally adjusted
Mill margins
_
cents per Ib
Prices, wholesale:
Denim, mill
finished
cents per yd
Print cloth, 39 inch, 68 x 72
" do
Sheeting, class B, 40-inch 48 x 44-48
do
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly. total
mil Ib
Filament yarn (rayon and acetate)
do
Staple, incl. tow (rayon)
_
do
Noncellulosic, except textile glass:
Yarn and monofilaments*
do
Staple, incl. tow*
do
Textile glass
fiber
_
do
Exports:
Yarns and monofilaments
thous Ib
Staple, tow, and tops
do
Imports:
Yarns and monofilaments
do
Staple, tow, and tops
do
Stocks, producers', end of period:
Filament yarn (rayon and acetate)
mil Ib
Staple, incl. tow (rayon)
do
Noncellulosic fiber, except textile glassYarn and monofilaments* _
do
Staple, incl. tow*
do
Textile glass fiber .
do
Prices, manmade fibers, f.o.b. producing plant:
Staple: Rayon (viscose) 1 5 denier
$ per Ib
Polyester, 1.5 denier*.
do
Yarn* Rayon (viscose) 150 denier
do
Manmade fiber and silk broadwoven fabrics:
Production (qtrly.), total 9
_ mil. lin. yd
Filament yarn (100%) fabrics 9
do
Chiefly rayon and/or acetate fabrics
do
Chiefly nylon fabrics
do
Spun yarn (100%) fabrics (except blanketing) 9
mil. lin. yd
Rayon and/or acetate fabrics and blends
do
Polyester blends with cotton
do
Combinations of filament and spun yarn fabrics
mil. lin. yd
Exports, piece goods
thous sq yd
WOOL
Wool consumption, mill (clean basis) :
Apparel class
Carpet class
"
Wool imports, clean yield*
Duty-free (carpet class)*
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine
Graded fleece, % blood
Australian, 64s, 70s, good topmaking
5 241
118
236
6
27.9
29.5
177
6
28.5
29.5
214
1
28.5
29.6
176
4
29.1
29.6
29.9
29.6
&21.2
&22.0
118
193
776
116
179
811
2143
168
123
113
848
120
87
804
2138
'58
711
91
37
103
641
.470
29.3
18.9
14.7
10.4
.522
8.2
18.8
14.6
10.5
.525
8.2
19.2
14.7
213.0
.518
210.0
19.2
14.7
10.5
.525
8.0
19.3
14.7
10.7
.536
8.2
19.3
14.8
212.9
.515
29.9
19.3
14.8
8.6
.430
6.6
19.5
15.0
10.6
.529
8.2
642
916
647
.926
652
934
.652
.938
657
939
.667
.946
r . 954
19 9
21 7
21 8
22 6
22 6
21.7
37
3
3
38
226
3
i 29.6
i 30.7
117
53
28.9
30.0
29.5
29.7
1,396
1 572
709
1,406
1 635
735
86
53
671
106
44
2138
123
605
572
641
18.7
15.3
124.6
.471
103. 6
18.9
14.7
128.0
.493
102.9
18.8
15.0
8.3
.417
6.7
18.9
15.1
10.1
.506
8.1
19.0
15.0
212.3
.493
29.8
19.0
15.0
10.3
.517
8.2
19.1
15.0
10.4
.522
8.3
211.8
.630
.892
629
891
632
632
889
898
637
637
.903
.642
.910
8,966
9 238
18 2
20 3
4 p
24 2
18 8
18 7
19 0
9
900
370
1
304
6
e -I
A
18 6
447
15
29.4
29.7
29.0
29.6
27.9
29 5
119
188
110
200
2131
190
735
680
18.9
14.7
QOO
20 3
f\
21
22
23
23
38 57
38.62
38.58
34 9
18 8
17 5
34.9
18.8
17 5
34.9
18.8
17.5
38 77
16
38 71
16
38.72
38.72
38.75
34 9
18 8
17 5
34 9
18 8
17 5
34 9
18 8
17 6
34.9
18.8
18 0
35 6
18.8
18 0
36 2
18.8
18 0
36.2
18.8
18.0
P36.2
P18.8
P18.0
937. 4
201.7
167.0
994.2
198.8
172.8
567.4
555.2
270. 7
220.2
77. 8
289.1
249.4
84.1
34 9
18 6
17 5
3 018 0
777.5
594.3
3, 532 2
825 0
648.0
905 0
210 5
162.0
910 7
203 3
156 4
r
847 6
559.1
239.5
997 7
779 2
282.3
251 7
209.7
71.1
260 5
214 4
76.1
r
34 9
18 8
17 5
116 473 e 99 923
56 411 6 50' 763
8 081
2 840
8 189
3 336
8 282
4 034
7,516
3,058
8 821
3,404
8 903
4 856
9 202
133 695
15 690
130 108
1 023 1 114
9 689 13 412
1 313
12 670
1 198
12, 507
1 610
12, 537
1 989
13 859
32 6
51 3
59 8
55 8
46 3
73 o
52 9
71 1
55 3
68 5
55 6
60 3
59 8
55 8
76.9
57.5
36 8
109 3
96 7
32 2
9
28
.98
78
8
85
80
40 1
69 6
28
.84
80
28
.84
80
28
.84
80
r
9 114
4 204
10 029
6 181
1 421
810
18 130 10 700
1 094
16 247
7 737
4 173
61 6
58 7
61 1
56 7
28
.84
80
28
.84
80
28
.84
80
3, 545. 4 3, 926. 2
1, 583. 1 1, 640 6
852 2
855 8
283 1
303 9
960. 6
398 4
209 1
74 0
1, 534. 6
379 1
643 3
713 5
152 4
179 7
7,290
4,394
1 132 1,752
21 488 13, 654
1,795
13, 825
1,198
14,308
58 8
53 5
57 6
53.5
' 55. 0
'54.7
61.9
66.0
116.6
109.5
21.7
28
!84
80
28
.84
80
28
.84
80
28
.84
80
28
.84
80
.28
.84
.80
p. 28
p. 84
p. 80
12 912
13 711
16 413
14 600
13 958
14 222
12, 745
23 3
9.1
24.0
7.0
33.0
10.8
23 4
8.5
26.9
9.5
23 0
8.5
23.1
8.3
2 28 1
29.6
25.7
11.4
21.4
12.5
419.6
665 6
456.8
8,262
5,104
40.40
1, Oil. 5
408 3
205 5
76 0
1, 260. 4
60 1
53 9
17
9,209
5,506
8 509
4 902
112.9
89.9
24 5
109 3
96.7
32 2
109.1
73.8
37 0
0
17
38.58
36 6
4
16.5
17 4
34 9
18 8
17 5
0
19
38.77
23
37 51
21
37 97 3 38 31
p. 959
20
38 78
30
3 29. 49
21
.667
2 310
2 189
154 5
210 7
472.4
185 263
6
519 4
167 083
11 148
11 910
mil Ib
do
do
do
233 9
122.7
212 3
113.9
274 7
112 3
271 6
108 9
19
6
22
11
5
5
5
7
23 2
8.7
25 5
11 1
$ per Ib—
do
do
1.397
1.286
1.389
1.249
1 192
1. 156
1.218
1 172
1.100
1.265
1.220
1.225
127 3
13 869
14 839
14 953
9
123.8
15 798
2
2
1
9
9
3
22 6
23.8
12.0
21.1
6.8
21 1
7.4
23 4
9.0
28 1
9.1
1.275
1.253
1.225
1.275
1.255
1.225
1.279
1.235
1.225
1.280
1.235
1.225
1.280
1.235
1.225
1.291
1.229
1.225
1.325
1.225
1.235
1.350
1.225
1.275
1.375
1.225
1.275
1.375
1.183
1.275
1.395
1.175
1.275
109 0
109 0
108 4
109 6
109 6
110 2
110 2
109 1
109.7
109.7
102.4
102. 7
102.7
102.7
102.7
102.7
102.7
2 27
2
10
25
10
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, American
system, wholesale price
1957-59—100
107 9
107 1
109 0
109 0
107 8
Woolen and worsted woven goods, exc. felts:
Production (qtrly.)
mil lin yd
255 2
66 8
267 3
Suiting, price (wholesale), flannel, men's and
boys', f.o.b. mill
IQ^T-.^Q— inn
inn 9
im.7 im.7 102. 4
OS Q
r
2
Revised.
p Preliminary.
1 Season average.
For 5 weeks, other months, 4 weeks.
3
Margins thru July 1966 reflect equalization payments to domestic users (Aug. 1964-July
1965, 6.5 cents; Aug. 1965-July 1966, 5.75 cents per pound).
* For 11 months; price not
available for Sept. 1964.
« For month shown.
« See "O," p. S-21.
° Season average
to Apr. 1,1966.
& Reflects decrease in the 1966 national average loan rate.
§ Data beginning Aug. 1965 for knitting yarn and May 1966 for weaving yarn are not strictly
254
6
26.6
29.5
266
3
30.0
30.7
6
142
2
278
16
26.6
29.5
3 795
99
«28.0
«29.6
9.4
11
9.3
25 6
210.1
29 3
211.3
1.395
1.165
1.275
" 61 2
102.4
102.4
102.4
comparable with earlier prices.
9 Includes data not shown separately.
*New series. Sources: Polyester staple price, U.S. Dept. Labor; wool imports, U.S. Dept.
Agriculture from Bureau of the Census records (such imports exclude animal hairs). Data
are available as follows: Price, back to 1955; noncellulosic yarn and staple—production to
1951; stocks, to 1953; wool imports to 1948.
S-40
September 1966
SURVEY OF CUERENT BUSINESS
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
| 1965
Annual
1966
1965
July
Sept.
Aug.
Nov.
Oct.
May
Jan.
Feb.
Mar.
15 015
16 033
18 299
16 003
June
July
15 491
18 230
15 794
Apr.
Dec.
Aug.
TEXTILE PRODUCTS—Continued
APPAREL
Hosierv, shipments. _
Men's *apparel, cuttings:!
Tailored garments:
Suits
Overcoats and topcoats
thous. doz. pairs
189 534
194 753
16 120
17 105
17 620
thous. units
_ do
20 343
22 419
4 436
1 181
1 858
1 897
3 956
Coats (separate), dress and sport
do
Trousers (separate) , dress and sport
do
Shirts (woven fabrics) , dress and sport
thous. doz
Work clothing:
Dungarees and waistband overalls
do
Shirts
do
10, 830
128 378
12, 492
139 009
661
10 214
1 062
11 937
1,015
12 476
26, 946
30, 321
1,894
2 439
2 542
4 861
4 867
3,949
356
261
410
355
465
322
25,620
2 301
19 086
2 437
21 932
2 350
20 660
Women's, misses', juniors' outerwear, cuttings:*
Coats
_ _ _ _ _ _
thous. units
Dresses
do
Suits..
do
Blouses, waists, and shirts
Skirts
thous doz
do
3,749
23 708
271 214
12 235
18 493
7 919
274 541
11 736
16 869
9 906
321
*988
1 284
1 001
447
904
1 291
915
417
975
1 305
866
18 764
16 620
15 445
1 848
2 021
1 731
1 766
1 787
245
2 123
*301
1 101 1 138
12 309 10 983
1,157
10 461
1 161
11 295
1 123
11 116
1 290
13 569
2 641
2 735
2,519
2 331
2,406
2 749
2,446
485
361
409
334
394
339
435
341
436
351
485
406
471
369
2 794
21 591
1 035
2 637
20 140
1 788
19 032
1 197
2 059
449
1 489
'905
359
1*003
1 323
655
274
358
953
561
r
351
l 812 1,886
r
354
357
1,214 r 1, 152
12 763 r!3, 106
r
1, 155
13, 446
2, 371
2,319
'464
"•352
487
355
2 041 r 2. 353
19 810 r23 629
885 1 057
1,902 ' 1, 539 1,550
31 100 r26 834 24 138
722
709
1 102
22 790
1 300 r i 352
r 759
773
2 015
1 757
1 504
1 677
186 8
3 797
68 8
198.3 224.8
4,265 '4,809
61 8
41 3
171 2
3,770
52 2
31 3
963.2
935.5
811.0
793.9
152.3
141.6
948.8
921.1
787.8
771.2
161.0
149.9
985.9
959 2
818.6
802.5
167.3
156.7
625.3
605.6
488.4
480.0
136.9
125.6
10.37
1.07
6.08
9.92
1.21
6.36
7.49
1.12
7.27
5.70
781
872
956
2,266
850
985
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders, new (net), qtrly. total. _
mil. $
U.S. Government
.do
Prime contract—
do
Sales (net) , receipts or billings, Qtrly. total do
TTT8T Government ..^do
17, 970
13, 516
16 282
16 686
12 815
Backlog of orders, end of period 9
do
U.S. Government.
do
Aircraft (complete) and parts...
do
Engines (aircraft) and parts
.do
Missiles, space vehicle systems, engines, propulsion units, and parts
mil. $
Other related operations (conversions, modifications), products, services
mil $
Aircraft (civilian): Shipments©
Airframe weight©
Exports
do
thous Ib
mil $
22, 183
14, 571
20 101
17 016
12,535
6 091
3 861
5 572
4 133
3 017
6,292
4,452
5 599
4 627
3,426
15 218
11 658
6 276
1,527
20 385
13 696
18 720
12 669
8,885
2,503
8,506
1,948
20 385
13 696
8 885
2,503
4 558
5 480
4,867
5 480
1 418
1 856
1 681
1 066 1 1 592 0
22 905 32 200
287 2
473 0
130 8
2 562
24 1
145 2
2 866
61 1
880.1
863 8
10 716 6
754 0
9 305 6
745 6
9 100 7
1 751 8 126.1
118 2
1 615 9
444.7
1 856
160 6
3 186
49 5
172 7
3 596
31 7
169 1
3,400
47 0
592.0 1, 010. 2 1, 058. 1 1, 043. 0
967 9 1 015 6 1 006 7
908 5
855 6
883 8
825 4
878.7
861 3
149.6
154 6
159 2
142 5
136 9
145 4
950.1
921. 1
798.0
780.4
152.1
140.7
917.6 1, 089. 8
889 9 1 061 5
766.3 919.8
748.8 902.0
151.3
170. 1
141.1 159.5
148 4
2 682
57 9
111 2
2 508
17 7
163 6
3 195
47 1
MOTOR VEHICLES
Factory sales, total
Domestic .
Passenger cars, total
Domestic.
Trucks and buses, total
Domestic
thous__
do '
do
do
.do
do
Exports:
Passenger cars (new), assembled
do
Passenger cars (used)
do
Trucks and buses (new) , assembled
do
Trucks and buses (used)
do
Truck and bus bodies for assembly*
do
Imports:
Passenger cars (new), complete units
do
Passenger cars (used)
do
Trucks and buses, complete units
do
Shipments, truck trailers:
Complete trailers and chassis
number
Vans
do
Trailer bodies chassis sold seoaratelv
do
Registrations:©'
New passenger cars
thous
Foreign cars
do
New commercial cars (trucks)
'
do
9, 292. 3
8 931 5
7 751 8
7 554 1
1,540 5
1 377 4
11.057.4
166 31 13105 03
10 40 i 10 42
146 83 1 31 67
59
5 92
5 77
1
5 70
7 29
3 93
1 02
4 58
.54
72
433 9
333 o
330 4
111 7
103 5
567 4
452 9
438 5
139. 0
129 0
1 28
6 87
13 16
15 68
5 10
4 75
5 58
4 28
87
57
54
85
.46
45
.48
84
13 29
1.38
7.11
.65
1 44
.65
87
.56
95
2 147. 7
2
68.8
.97
7.83
1 07
.57
84
69.34
.46
4.07
.70
57. 14
95
.46
77.26
58
2.68
49.41
2.13
74.06
.57
2.22
80.77
.38
4.06
8 760
5 716
8 363
5 684
2 469
9 06°
6 060
2 021
8 503
5 674
1 488
8 489
5 593
1 621
11 546
7 572
2 263
10,968 '10, 136
7,018 r 6, 673
975 1,895
10, 421
6,670
1 298
589 5
51.7
122 6
74.K o
52 1
133 1
793 9
47! 3
122 5
908 7
57.1
147 7
606 6
37.0
109 2
721 6
48.8
129 0
878 8
59.7
143 4
822 6
55.6
148 6
777 2
50.6
144 0
752 5
52.6
137 4
832 7
59.0
151 0
5 034
3 583
1 451
6 345
4 429
1 916
7 112
4 883
2 229
6 983
4 598
2 385
8 894
6,512
2 382
7,725
5,297
2 428
6,262
4,550
1 712
8,054
6,009
2 045
7,262
5,689
1 573
7,500
5,473
2,027
7,508
5, 307
2 201
6,799
4,820
1,979
103 756
65 909
8 174
1 146
1 QAQ
8 065 2 Q 91 O Q
484.1
569 4
1 361 8 I eoo Q
833 6
52.0
136 4
766 7
54.3
129 7
69 074
45 360
23 714
77 880
53 376
24 504
5 784
3 739
2 045
1 593
.63
75
9.95
1.17
6.65
64 63
1 01
2 66
86 938
51 836
5*261
45
96
10 81
1 21
6.12
54 90
1 39
46 06
14 fi'vl
.48
68
15 45
1 07
7 95
59 28
1 04
2 20
559 43
8 00
7 60
7 7Q4
50
41
95
55 68
1 30
515 70
10 89
6 01
14
26
83
2 216. 5
18 94
21
13
8 752
5*627
45 84
80
46
8 649
5 533
57
9 409
.47
1.47
RAILROAD EQUIPMENT
Freight cars (ARCI):
Shipments
Equipment manufacturers, total
Railroad shops domestic
number
do
do
New orders
Equipment manufacturers, total
Railroad shop^ domestic
do
do
do
71 072
44 627
26 445
88 218
65 547
22 671
6 330
5 586
8 800
6,187
2 613
7 821
6 441
1 380
6 429
5, 691
738
7 661
5 606
2 055
9 997
5,838
4 159
8,384
5,830
2 554
12, 566
11, 064
1 502
11,244
9,229
2 015
12, 220
7,957
4 263
9,520
8,818
702
6,338
5,208
1, 130
6,328
4,580
1,748
Unfilled orders, end of period
Equipment manufacturers, total
do
do
32 949
18 972
45 266
32 873
19 °.Q°.
37 293
25 832
11 461
40 832
28 209
42 373
30, 291
41 735
31, 140
10 595
42 736
32, 471
10 265
45 266
32, 873
12 393
46, 004
33, 644
12 360
51, 760
39, 878
11 882
54, 721
42, 905
11 816
59,652
45, 219
14 433
61, 596
48,478
13 118
60, 378
48, 341
12 037
59, 874
48,082
11, 792
201
10
13
o
OQ
3
7
7
CO
0
14
0
20
0
20
0
20
0
70
0
70
6
64
4 1, 484
Passenger cars: Shipments
do
Freight cars (revenue), class 1 railroads (AAR):§
Number owned, end of period
thous
Held for repairs % of total owned
Capacity (carrying), aggregate, end of period*
Average per car
p
3
4
tons__
•jo 077
254
744
19 fi9^
9
on
in
1 495
59
4
1 481
53
1,491
58
1 489
58
1 488
58
1 487
57
1 488 4 1, 481
56
53
1,479
53
1, 480
54
1,480
87 00
58.18
4 88 20
88 05
88 09
59.16
88 20
88 32
59.38
88 48 4 88 20
59. 45 4 59. 58
88 30
59.68
88 50
59.78
88 70 4 89 00
59.90 459.97
459.58
59.05
Revised.
* See note "O" for p. S-21.
2 Preliminary estimate of production.
Beginning Jan. 1965, data exclude exports of incomplete (unassembled) vehicles.
See note "§."
t Monthly revisions for 1963-64 are available upon request.
9 Total includes backlog for nonrelated products and services and basic research.
©Data include military-type planes shipped to foreign governments.
19 089
59.27
5.0
4.9
1,486
1,487
1,487
89 30
60.08
89 57
60.23
89.71
60.34
5.0
4.9
4.9
*New series. Monthly data prior to 1965 are available upon request.
©Courtesy of R. L. Polk & Co.; republication prohibited.
§ Excludes railroad-owned private refrigerator cars and private line cars. Effective Apr.
1966, data include cars owned by three class II roads (over 2,600 cars end of Apr. 1966). Also,
change in definition of class I railroads, as stated in 1965 BUSINESS STATISTICS note, is reflected
in figures beginning Dec. 1965, instead of Jan. 1965.
TO
,
•
Earnings, weekly and hourly
Eating and drinking places
SECTIONS • '
General:
*
,
«• —
Construction and real estate,
Domestic trade
,
1~~^
7, 8
., 9,10
. . . . . . . . . . . . . . . . . . . . . 10*12
Employment and population
,
'.
Finance
;......'...,..............
Foreign trade of the United States.,.... Transportation and communications
12-16
16-21
21-23
23, 24
Industry:
Chemicals and allied products..,
—.
25
Electric power and gas,
26
Food and kindred products; t o b a c c o . . , , , . , . , . 26-30
Leather and products
,
« . • - 30,31
Lumber and products
,,..,
',...
Metals and m a n u f a c t u r e s . . . , , , , , . . » , . •
31
32-34
Petroleum, coal, and products*
Pulp, paper, and paper products
35, 36
36,37
Rubber and rubber products,,.
Stone, clay, and glass products.
Textile products., . , ,
Transportation equipment.
37
38
38-40
40
Aerospace vehicles.,,....;
Agricultural loans.
Air carrier operations, , . , ,
Aircraft and parts,
••,,
40
16
23
3,6,13-15,40
25
Alcoholic beverages.,,..
, 8,10,26
Aluminum. , , . . . . . . , , . . . . . . . . . . . . . « • ' • • « ; « • • - • 23,33
Apparel
1,3,4,7,8,10-15,40
Asphalt and tar products.
,
35,36
Automobiles, etc.
1,3-8,10,11,13-15,19,22,40
Balance of international payments,
Banking
,
..,.
Barley
,
Barrels and d r u m s . , , , , . ,
,
,. »
Battery shipments.
.,,.-,
«,.._,,.,
Beef and veal
.,
». *
16,17
27
33
34
28
10,26
Beverages,.,..'...».;
J* 8,
Blast furnaces, steel works e t c . . . . . . . . . . v . , , 5,6, 13-15
18-20
Bonds, outstanding, issued, prices, sales, yields
33
38
Brass and bronfce.
Brick..,..
Broker's balances.
20
Building and construction materials... .. 8,10,31, 36,38
9,10
Building costs.
•
9
Building permits. . .
7
Business incorporations (new), failures
4,5
Business sales and inventories.
27
Butter
,
33
24
28
Cement and concrete products. . , , , . . . . . . . . , . 8- -10,38
8
Cereal and bakery products
, , . .,
12
Chain-store sales, firms with 11 or more stores...
27
Cheese . , . . . , , . *
,,,,...,.,,,,,..
Chemicals.
4-6,8,13-15,19, 22,25
Cans (tinplate)
Garloadings
Cattle and calves
.......
Coal
Confectionery, sales
Construction:
',
;..,.,,.,,..,
8,30
14
8,38
4,8,13-15,22,,24,35
23,29
23,29
24,35
2,13-15.,20,24
29
9
9*10
13-16
Employment hours, earnings, wages.,
1
Fixed investment, structures, . . , , . . . . , , , . . . . .
9,10
Highways and roads,
,
9
Housing starts
^
9
New construction put in place,
17,18
Consumer credit.,,.,...
1
Consumer expenditures.
3,4
Consumer goods output, index
7
Consumer price index
.
23,33
Copper
27
Corn
.. /
,.....,
7
Cost of living (see Consumer price index)........
Cotton, raw and manufactures,...»,,... 7,8,22, 38,39
30
Cottonseed cake and meal and oil
17,18
Credit, short- and intermediate-term.
Crops
, 3,7,27,28., 30,38
Crude oil and natural gas
4,13 -15,35
19
Currency in circulation
„,,,...,,
Contracts
Costs.
Dairy products.
Debits, bank,
Debt, U.S. Government
Department stores
,,
Deposits, bank
Disputes, industrial.
Distilled spirits.
,
Dividend payments, rates, and yields
Drug stores, s a l e s . . , . , , . , . . . , . . . »
Employment estimates.
Employment Service activities.
12-14
16
Expenditures, U.S. Government.
18
3,7, 27
16
18
11,12,17
16,17,19
16
26
2,3,18-21
11,12
National defense expenditures,,
1,18
National income and product.
1,2
National parks, visits
24
N e w s p r i n t , , , , . , . . . . . , , . . . . . . . . . . . . . , . / . , . . , . 23,37
New York Stock Exchange, selected data.
20, 21
Nonferrous metals. . . . ,
.....
. 3,8,19,23,33,34
Noninstallment credit, ,
,
. . . . . ; . . 17,18
Oats.
,
27
Explosives
25
Exports (see also individual commodities).. . . 1,2,21-23
Express operations
23
Oil burners
..;...,
34
Oils and fats
. . . . . . 8,22,29,30
Orders, new and unfilled, manufactures*.,,
6
Ordnance,
. 13-15
Failures, industrial and commercial.
7
Fans and b l o w e r s . , . . ; . . . . . . . .
34
Farm income, marketings, and p r i c e s . . . . . . . . . . . . 2,3, 7
Farm wages
'.
16
Paint and paint materials,
Panama Canal traffic.
Paper and products and pulp.
Fats and oils
,
.
8,22,29,30
Federal Government
finance
Federal Reserve banks, condition of
Federal Reserve member banks
Fertilizers,
,
Fire losses.,
Fish oils and
fish
Flooring, hardwood
18
16
17
8,25
10
29
31
Flour, wheat.
'. i
28
Food products.... 1*4-8,10,11,13-15,19,22,23,27-30
Foreclosures, real estate. , < ,
10
Foreign trade (see also individual conimod.)..... 21-23
Foundry equipment.
34
Freight Garloadings.
24
Freight cars (equipment)
Fruits and vegetables.
4,40
7,8,22
35,36
4,8,35,36
,
34
3,4,8,11-15,17
23
10,11,16
Alcohol, denatured and ethyl.
Cigarettes and cigars
;
Civilian employees, Federal,
Clay products
4,8,26
3,
5,6,8,13-15,19,22,34
Fuel oil
Fuels
Furnaces
Furniture
Furs
INDIVIDUAL SERIES
Advertising.
Coffee......,,,,..
Coke........
Communications
3,7,29
Electric power
Electrical machinery and equipment
Business indicators
Commodity prices
Cocoa
14-16
11» 12
r
Eggs and poultry
.'-. . . . . ; , , , ,
5,6,8,13-15,19,23,36,37
Parity ratio
,
Passports issued,.
Payrolls, indexes.
Personal consumption expenditures.
Personal income
*,,,,
Personal outlays,
Petroleum and products.,,
...,.,'....,..
;,,,
Gasoline. , „ . ' , , , ;
Glass and products
Glycerin
Gold
.
Grains and products
4,8,26
, . . . , . . . . . , . , . , 1,35,36
38
-.
25
19
7,8,22,24,27,28
Grocery stores.
11,12
Gross national product.^
1
Gross private domestic investment.
1
Gypsum and products
8,38
Hardware stores.
11
Heating equipment. . ,
Hides and skins.
Highways and roads
Hogs
,
.
'..
.....
8,34
8,30
9,10
28
Home Loan banks, outstanding a d v a n c e s . . . . . . . .
Home mortgages
Hosiery. ,
10
10
40
Hotels
Hours of work per week
Housefurnisbings.
14,15,24
14
1,4,7,8,10-12
Household appliances and radios
4,8,11,34
Housing starts and permits
9
Imports (see also individual commodities)..... 1,22,23
Income, personal.
2,3
Income and employment tax receipts.
18
Industrial production indexes:
By industry
By market grouping
Installment credit,
Installment sales, department stores. .
Instruments and related products,
Insurance, life
Interest and money rates
Inventories, manufacturers* and trade
Inventory-sales ratios.
, 3,4
3,4
12,17,18
12
3,5,13-15
18,19
17
4-6,11,12
5
Iron and steel...... 3,5,6,8,10,13-15,19,22, 23,32,33
16
12
28
28
33
Labor advertising index, disputes, turnover.
Labor force. . .
Lamb and mutton
Lard.
Lead.
Leather and products
Life insurance.
3,8,13-15,30,31
18,19
Linseed oil.
Livestock
30
3,7,8,24,28
Loans, real estate, agricultural, bank, brokers*
(see also Consumer credit)
10,16,17, 20
Lubricants.
Lumber and products
35,36
3,8,10-15,19,31
Machine toools
34
Machinery.,
Mail order houses, sales
3,5,6,8,13-15,19,22,34
11
Manmade fibers and manufactures
Manufacturers* sales (or shipments), inventories,
orders..
Manufacturing employment, production workers,
payrolls, hours, earnings
Manufacturing production indexes
Margarine,. .
Meat animals and m e a t s , . . . .
.......
Medical and personal care
Metals,
Milk
,
Mining and minerals
8, 39
4-6
13-15
3,4
29
3,7,8,22,28
7
, . 3-6,8,13-15,19,22,23,32-34
27
2-4,8,13-15,19,20
Monetary statistics
19
Money supply.
19
Mortgage applications, loans, rates
10,16,17
Motor carriers
23,24
Motor vehicles
1,3-8,10,11,13-15,19,22,40
Motors and generators. ,
34
7
24
14
1
2,3
2
4-6,
8,11,13-15,19,22,23,35,36
Pig i r o n . , . . . . . . ,
.,
Plant and equipment expenditures..,
Plastics and resin materials
Population
,,;
....,....;..,,,
;»..
Pork,....'
,
Postal savings. , , . . ; , . „ . , . ,
32
2,20
25
12
28
17
Poultry and eggs.
,...,,;..
3,7,29
Prices (see also individual commodities),......;.
7,8
Printing and publishing
Profits, corporate.
4,13-15
. . . 2,19
Public utilities
Pullman Company........,,
Pulp and pulpwood
, 2-4,7-9,13-15,18-21
..,,...,....
24
»,......,...,.,,....,.
Purchasing power of the dollar,..;
Gas, output, prices, sales, revenues. . .
8,25
24
3,
Radiators and convectors.,
Radio and television.....,,..
,
36
8
34
4,8,10,11,34
Railroads
2,13,14,16,18,20,21,24,40
Railways (local) and bus lines.
13-15,23
Rayon and acetate.
39
Real estate
..
Receipts, U.S. Government
Recreation
10,17,18
18
<.
Refrigerators and home freezers.. ^
,
,
7
34
Rent (housing). ,
Retail trade
>,,.»,..
7
, , 4,5,7,11-15,17,18
Saving, personal.
Savings deposits
,..,».,,.»....
Rice.
;.....,,,
27
Roofing and siding, asphalt
36
Rubber and products (tncl. p l a s t i c s ) , , . , » , . . . . . , 4-6,
8,13-15,23,37
2
17
1,0
92
20,21
Security markets
Services.
1,7, 13-15
Sheep and lambs.
.,....,..
28
Shoes and other footwear.,
8,11, 12,31
19
Silver
30
Soybean cake and meal and oil
,
39
Spindle activity, cotton.
32,33
Steel ingots and steel manufactures
32
Steel scrap..«..'
20,23
Stock prices, earnings, sales, etc,
,
Stone, clay, glass products......... 3-5,8,13-15, 19,38
34
Stoves and ranges
2,9
32
Sugar.
,
25
Sulfur.
,
25
Sulfuric acid,
»
25
Superphosphate..,,..,..,,,.,
,.,...,,
Securities i s s u e d . . , , . , ,
Tea imports.
29
Telephone, telegraph, cable, and radiotelegraph
carriers
..
13-15,24
Television and radio
4,8,10,11,34
Textiles and products.., .': 3, 5,6,8,13-15,19,22,38-40
Tin
,
23,33
Tires and inner tubes. ,
8,11,12,37
Tobacco and manufactures, . . . . . . 4-8,10,13-15,22,30
Tractors,
Trade (retail and whoelsale)
Transit lines, local.
,. 22,34
,,. 4,5,11,12
23
Transportation....
Transportation equipment
Travel.
,
. 1,2, 7,13-15,23,24
3-6,13-15,19,40
,.,...
23,24
Unemployment and insurance
U.S. Government bonds.
U.S. Government
Utilities
12,16
16-18,20
finance
18
2-4,9,13-15,18-21,26
Truck trailers, . . . , . . . . . . , ;
Trucks (industrial and other),
40
. . . . . . . . . . . . . . 34,40
Vacuum cleaners, , , . . . , , „ , , , , ,
34
Variety stores.
11,12
Vegetable oils.
Vegetables and fruits.,.,
Vessels cleared in foreign trade
Veterans' benefits.
30
;. 7,8,22
24
16,18
Wages and salaries.
.2,3,14-16
Washers and driers..
...,.,,...
34
Water heaters.
34
Waterway traffic
........'
24
Wheat and wheat
flour
Wholesale price indexes. . . . . . , . . » , . .
Wholesale trade.
Wood pulp.
Wool and wool manufactures.
Zinc.,,.....
..,....;./.
28
8
4,5,7,13-15
.:....,
36
7,8,23,39
. . , ; , . , . , . 33,34
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