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SEPTEMBER 1969 / VOLUME 49 NUMBER
SURVEY OF CURRENT BUSINESS
CONTENTS
THE BUSINESS SITUATION
Summary
1
National Income and Product Tables
7
1969 Plant and Equipment Programs Again Reduced From
Earlier Plans
11
Manufacturers' Inventory and Sales Expectations:
Third and Fourth Quarters, 1969
15
Plant and Equipment Expenditures by Foreign Affiliates
of U.S. Corporations, 1968-70
17
U.S. Department of Commerce
Maurice H. Stans / Secretary
Rocco C. Siciliano / Under Secretary
Office of Business Economics
George Jaszi / Director
Morris R. Goldman / Associate Director
Murray F. Foss / Editor
Leo V. Barry, Jr. / Statistics Editor
Billy Jo Hurley / Graphics
STAFF CONTRIBUTORS TO THIS ISSUE
ARTICLES
The Workweek for Production Workers in the
Private Economy
21
The U.S. Balance of Payments: Second Quarter 1969
27
Business Review and Features:
Francis L. Hirt
Genevieve B. Wimsatt
Marie P. Hertzberg
R. David Belli
Articles:
Rose Zeisel
Thelma L. Davis
CURRENT BUSINESS STATISTICS
General
S1-S24
Industry
S24-S40
Subject Index (Inside Back Cover)
Albuquerque, N. Mex. 87101
U.S. Courthouse Ph. 247-0311.
Anchorage, Alaska 99501
306 Loussac-Sogn Bldg. 272-6331.
Atlanta, Ga. 30303
75 Forsyth St. NW. 526-6000.
Baltimore, Md. 21202
305 U.S. Customhouse 962-3560.
Birmingham, Ala. 35205
908 S. 20th St. Ph. 325-3327.
Boston, Mass. 02203
JFK Federal Bldg. 223-2312.
Buffalo, N.Y. 14203
117 FJIicott St. Ph. 842-3208.
Charleston, S.C. 29403
334 Meeting St.
Ph. 577-4171.
Charleston, W. Va. 25301
500 Quarrier St. Ph. 343-6196.
Cheyenne, Wyo. 82001
6022 U.S. Federal Bldg.
Ph. 634-5920.
Chicago, 111. 60604
1486 New Federal Bldg.
Ph. 353-4400.
Cincinnati, Ohio 45202
550 Main St. Ph. 684-2944.
Cleveland. Ohio
666 Euclid Ave.
Ph. 522-4750.
44114
Dallas, Tex. 75202
1114 Commerce St.
749-3287.
Denver, Colo. 80202
16419 Fed. Bldg., 20th & Stout Sts.
Ph. 297-3246.
Des Moines, Iowa
609 Federal Bldg.
Ph. 284-4222.
50309
Detroit, Mich. 48226
445 Federal Bldg. Ph. 226-6088.
Greensboro, N.C. 27402
258 Federal Bldg.
Ph. 275-9111.
Hartford. Conn. 06103
18 Asylum St. Ph. 244-3530.
Honolulu, Hawaii 96813
286 Alexander Young Bldg.
Ph. 588-977.
Houston, Tex. 77002
515 Rusk Ave. Ph. 228-0611.
Jacksonville, Fla. 32202
400 W. Bay St. Ph. 791-2796.
Kansas City, Mo. 64106
911 Walnut St. 374-3141.
Los Angeles, Calif. 90015
1031 S. Broadway Ph. 688-2833.
Walther Lederer
Evelyn M. Parrish
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Make checks payable to the Superintendent of Documents and send to U.S. Government Printing Office,
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Memphis, Tenn. 38103
147 Jefferson Ave.
Ph. 534-3214.
Miami, Fla. 33130
25 West Flagler St. Ph. 350-5267.
Milwaukee, Wis. 53203
238 W.Wisconsin Ave. 272-8600.
Minneapolis, Minn. 55401
306 Federal Bldg. Ph. 334-2133.
New Orleans, La. 70130
610 South St. Ph. 527-6546.
New York, N.Y. 10007
26 Federal Plaza 264-0634.
Philadelphia, Pa. 19107
1015 Chestnut St. Ph. 597-2850.
Phoenix, Ariz. 85025
230 N. First Ave. Ph. 261-3285.
Pittsburgh, Pa. 15222
1000 Liberty Are. Ph. 644-2850.
Portland, Oreg. 97204
217 Old U.S. Courthouse Bldg.
Ph. 226-3361.
Reno, Nev. 89502
300 Booth St. Ph. 784-5203.
Richmond, Va. 23240
2105 Federal Bldg. Ph. 649-3611.
St. Louis, Mo. 63103
2511 Federal Bldg. 622-4243.
Salt Lake City, Utah
84111
125 South State St. Ph. 524-5116.
San Francisco, Calif. 94102
450 Golden Gate Ave.
Ph. 556-5864.
San Juan, Puerto Rico 00902
100 P.O. Bldg. Ph. 723-4640.
Savannah, Ga. 31402
235 U.S. Courthouse and P.O.
Bldg. Ph. 232-4321.
Seattle, Wash. 98104
809 Federal Office Bid*.
Ph. 583-5615.
the BUSINESS SITUATION
\JFROSS national product appears to
be headed for a large increase in the
current quarter to judge from the
limited number of monthly indicators
now available through August. As in
the preceding quarters of 1969, both
physical volume and prices are up, the
latter much more than the former.
It is too early to be very specific
about the market composition of the
advance, but a few tentative indications
may be noted. Consumption is likely
to show a smaller rise than last quarter,
partly because purchases of domestically produced cars have been sluggish this summer. The apparently
modest increase in consumption expenditures is occurring in the face of a
large rise in consumer disposable
income.
The year-long rise in total fixed investment, which increased 12 percent
from the second quarter of 1968 and
provided the main stimulus to the
advance in overall economic activity,
has apparently come to a halt this
summer. The leveling reflects a further
decline in housing outlays that offsets a
continued increase in nonresidential
investment. According to the OBESEC survey conducted in July and
August, plant and equipment expenditures are expected to show a $2 billion
rise in the current quarter but no additional increase in the final quarter of the
year. The latest results reflect a scaling
down from the annual 1969 projections
reported in the two preceding surveys
for this year (chart 1).
The credit squeeze resulting from this
year's restrictive monetary policy is one
of a number of factors responsible for
the progressive trimming of business
expansion plans thus far in 1969. Tight
money has already caused a turnaround in housing outlays, which have
now decreased for two quarters in a row.
In view of the continuing decline in
housing starts through August, further
reductions appear to be in store for the
final quarter of 1969.
Federal Government purchases are
making a large contribution to the third
quarter rise in current dollar output
mainly because of the Federal pay raise,
New Plant and Equipment Expenditures
1969 programs have been scaled down again
Business now expects 10 1 2 percent rise
over 1968
Percent Change
20
TOTAL
Anticipated in:
15
10
20
MANUFACTURING
15
10
which added about $3 billion to military
and civilian payrolls. In the defense
sector, the pay raise more than offset
decreased purchases of procurement
and other military items. State and
local outlays continue their steady
uptrend.
At this time there are several diverse
indications suggesting that inventory
investment may be larger this quarter
than last. The latest OBE survey of
manufacturers' inventory and sales
expectations points to a $2K billion rise
in the book value of producers' stocks
in the current quarter after a $1.9
billion rise in the second. Actual
accumulation by manufacturers in July
was well above the average monthly
increase from April through June, with
the bulk of the accumulation in workin-process. At the trade level, dealers'
stocks of new cars will show a rise this
quarter following a decrease the quarter
before; despite comparatively weak
sales this summer, auto producers have
maintained a high rate of production
for the new 1970 models. Finally, there
may be some backing up of stocks at
retail nondurable stores.
Income higher
-5
20
NONMANUFACTURING
15
10
1967-68
1968-69
Data: OBE-SEC
U.S. Department of Commerce, Office of Business Economics
69-9-1
Personal income showed another large
rise in August, advancing $5.2 billion to
a seasonally adjusted annual rate of
$756K billion. The August level suggests a third quarter income rise that
is about the same as the increase from
the first to the second quarter.
Included in the August income advance was an increase of $4^ billion in
wages and salaries, of which $1 billion
represented increased Government payrolls. A portion of the latter was
attributable to the pay raise for Federal
employees that went into effect in July
and became fully effective last month.
1
SUKVEY OF CURKENT BUSINESS
The $3^ billion rise in private payrolls was much larger than the July
advance and about the same as the
average monthly increase in the first
half of 1969. Except for contract construction, where payrolls declined, all
major industry divisions added to the
August expansion.
Increased employment as well as
higher rates of pay contributed to last
month's payroll advance. Employment
in nonfarm establishments rose 167,000,
according to preliminary figures; revised figures for July show a decline of
31,000 instead of the large advance indicated by the preliminary data, while
June recorded a very strong rise of
287,000. The advance over the past 3
months is sizable even though it does
not match the substantial monthly increases from last fall to this spring.
Most industry divisions showed employment increases from July to August.
The rise in manufacturing was very
large—120,000—but much of this reflected the earlier-than-usual step-up
in employment in the motor vehicle
industry following the model changeover.
Unemployment edged down in August to a rate of 3.5 percent. This is
approximately the average level that
has prevailed since April and is only
slightly above the very low rates of last
winter.
Industrial output dips
Industrial production declined fractionally in August following 11 months
of successive increases. Minor reductions in output were recorded in durable
goods manufacturing, mining, and utilities, which more than offset a further
advance in nondurable goods manufacturing. Manufacturing production
as a whole was unchanged.
Steel output down
Iron and steel production has hedged
down this summer. After a strong 9month advance that brought output in
June back to the May-July 1968 peak,
when production was being stimulated
by steel stockpiling. The production advance in the first half of 1969 reflected
higher steel consumption, a switch from
inventory liquidation to accumulation
of total steel stocks, and some reduction
in net imports of steel. The reasons for
this summer's production decreases are
still not clear because several crosscurrents seem to be at work. Very tentatively, they appear to be related
to a flattening out in domestic steel
consumption.
The steel inventory situation appears
to be very favorable at this time. Steel
mills built up their stocks throughout
the year offsetting fairly steady decreases by manufacturing consumers.
Indeed, the end of July stocks held by
these users were about as low—in
relation to consumption—as they have
been since the Census Bureau started to
collect these figures 7% years ago.
Steel imports lower
Imports of steel mill products so
far in 1969 have declined considerably
from their 1968 levels, which were
inflated by inventory hedge-purchasing
by steel users. In addition, booming
foreign steel demand, particularly in
Europe, has reduced imports from the
major producing countries abroad and
has stimulated exports from this country. As a result, the steady upward
trend in imports of steel products
evident over the past decade has been
reversed this year.
Following the depressed dock-strike
volume in the first quarter of 1969,
seasonally adjusted steel imports moved
sharply upward in April and May but
declined in June and July to a rate well
below the monthly average for all of
1968. Through July, imports totaled
8.0 million tons, a drop of one-sixth
from the record 9.7 million tons of
imports in the like period of 1968. At
an annual rate, the January-July total
amounted to 13.8 million tons, approximately within the voluntary quota
limit of 14 million tons agreed to by
the principal steel exporting countries.
This year's improvement in exports
of steel products has been especially
pronounced. Shipments were low in
January and February during the strike
but rose sharply in the spring and have
been very high this summer. For the
first 7 months of this year, exports
totaled 2.3 million tons as compared
with about 0.9 million tons in the same
September 1969
period of 1968. The January-July
volume exceeded the full year total for
all years since 1958 except for 1960,
1964, and 1965.
Auto industry reflects changeover
In the auto industry, assembly line
operations in August reflected the summer slowdown for model changeovers.
Assemblies of the 1970 model cars
started some 2 weeks earlier than last
year. From 22,000 units in the week
ending August 9, the rate of output
increased to 150,000 units in the last
week of the month. For August as a
whole, completions totaled 580,000
units, after a July output of 430,000
units. With all assembly lines reaching
full production of the new models by
mid-September, the industry plans to
build 790,000 passenger cars this month,
rounding out the summer total to 1.6
million units, some 100,000 more than
in the comparable quarter a year ago.
On a seasonally adjusted basis, third
quarter output will show a considerable
step-up—more than 10 percent—over
the second quarter rate, when strikes
held down production.
This quarter's production rise has not
been matched by an improvement in
car sales. Dealers' deliveries of new
domestically produced cars dropped
from an average of 8K million units,
seasonally adjusted, in the April-June
period to a little over 8 million in
July and August. Early September
sales showed a considerable rise over
the July-August rate.
With output in excess of sales, seasonally adjusted inventories of new
cars in dealers' showrooms have shown
some increase so far this quarter after
declining by 140,000 in the second
quarter. End-of-August stocks totaled
1.54 million units and represented 2.31
months of sales, as compared with a
ratio of 2.03 in July and an average
ratio of 2.23 in the first half of this year.
Sales of foreign-built cars in August
were maintained at a seasonally adjusted annual rate of 1.1 million units
for the third straight month. This was
down only slightly from the rate of 1.2
million in April and May, when sales
were abnormally high following the end
of the dock strike.
September 1969
SUEVEY OF CUERENT BUSINESS
CHART 2
• August rise brought nonfarm payroll employment 400,000 above second quarter average
• Unemployment rate in August edged down to 3.5 percent—only slightly above first half rate
• Wholesale prices up in August—further rise in industrials offset seasonal dips in farm and food prices
TOTAL PRODUCTION
THE LABOR MARKET
Billion $
PRICES
Percent
8
Million Persons
950
CURRENT DOLLAR GNP*
CIVILIAN LABOR FORCE AND
EMPLOYMENT*
IMPLICIT PRICE DEFLATOR FOR GNP*
(Change From Previous Quarter)
79
900
Total
850
77
\
Final Sales
800
Inventory Change
I i i i
750
lillllll
75
73
QBE
Quarterly (
Monthly (Aug.)
Percent
Billion $
QBE
Quarterly (II)
1957-59=100
40
130
UNEMPLOYMENT RATE*
CURRENT DOLLAR GNP**
(Change From Previous Quarter)
125 -
30
Total
20
120 -
10
J
Illlllll
Married Men
QBE
Quarterly (II)
Monthly (Aug.)
Monthly (July)
Billion $
Million Persons
1957-59=100
800
76
120
NONFARM ESTABLISHMENTS
(Employees)
CONSTANT DOLLAR (1958) GNP*
72
750
700
WHOLESALE PRICES
-
115
no
\
Final Sales
105
Inventory Change
600
I
1 . 1
I
i
i
i .
100 I i i i i I l.i M i i I i i i i i I i i i I i I i i i i i i i i i i
60
QBE
Quarterly (II)
Monthly (Aug.)
Percent
Hours
12
45.0
3.20
1957-59=100
130
PRODUCTION OR NONSUPERVISORY WORKERS
(PRIVATE)
CONSTANT DOLLAR (1958) GNP*
(Change From Previous Quarter)
illllllli
WHOLESALE PRICES
3.00
120
40.0
2.80
110
37.5
2.60
100
42.5
BLS
Average Hourly Earnings
(right scale)
Processed Foods
and Feeds
/ V
Farm Products
-4 I
I
I
1
9
I
I
6
7
I
1
I
9
6
I
I
8
1
I
9
I
6
I
9
Quarterly (II)
QBE
* Seasonally Adjusted * * Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Office of Business Economics
35.0
I i i i i i I I i i i I I i i i i i I i i i i I I i i i i i I i i i i i I 2.40
1967
1968
1969
Monthly (Aug.)
BLS
90
I I I I ! I I II II
1967
1968
Monthly (Aug.)
1 1 1 i 1 1 1 11 i i
1969
BLS
SURVEY OF CURRENT BUSINESS
September 1969
* Personal income rose more than $5 billion in August, paced by a large advance in payrolls
* August retail sales up moderately from July—auto sales were sluggish
* Plant and equipment outlays are expected to increase $2 billion in third quarter, flatten out in fourth
INCOME OF PERSONS
CONSUMPTION AND SAVING
100
PERSONAL CONSUMPTION
EXPENDITURES* *
PERSONAL INCOME**
S
750
650
600
Billiorv $
650
800
700
FIXED INVESTMENT
Billion $
Billion $
_
600
_
550
_
75
/
_
/
/
J
/
^s
^-^
i 11 i 1 1 1 ii it
/
_
50
Producers' Durable Equipment**
\,
_—
^\
^/"^
500
1 M 1 1 i 11 1 1 i
1 1 1 1 1 I 1 II
1 1
Monthly (Aug.)
_
l
450
l
\
_
l
I
QBE
I
I
|
l
25
l
Quarterly (II)
\
Residential Structures**
i i i
1
1
0
QBE
Billion $
Billion $
550
35
80
RETAIL STORE SALES*
^S
500
450
400
Total
(leftscale)
N
-/
~~^
\
y^
s"
Manufacturing
(right scale)
-
200
•vX^"—'
s*S~'^
75
-
70
-
"
S*^*^* r
25 ^^~^
— •*•**'*
\_ — — *•
150
,
, — •—
20
1 1M
1 1 1 1 1 11 1 1 1 11
I 11 1 1 1 1
1 1 l l 1 l 1 1 l 1
Monthly (Aug.)
100
15
"\ 1 -
i iii i1 i ii ii ,,,,,!,,,,,
65
l,,i ii
Monthly (Aug.)
OLE
"
l
60
Billion $
12
8
NEW CAR SALES**
600
-
_
-*•»'^
^^/
J
\
8
^^
/^
^S^
550
Domestic
(left scale)
10
-
- ^^s^
6
\
500
\
\
\
1
1
i
i
i
Quarterly (II)
4
)ollars
,700
,600
1 111 11i111i
1 1 M 1 1 1 II 1 <
2
_
6
-
5
—""-*'
0
4
M iii1i11ii
_
Million Units
2.5
',400
-
2.0
_
>,300
L^
i
1
1967
-
1
1
1
1 968
i
i
i
Seasonally Adjusted * * Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Office of Business Economics
6
4
1 969
Quarterly (II)
*
_
-
i
i
1 967
QBE
i
I
1 1 1 1 1 1 1 1 1 1 1
Census
A
MWA
ff ^^J ^'^
-
/v
yX/
v\.
fj'^k
Vv
-
A
1.5
^^^^ x^.
-^^
^/ U..
\»f ^ i r ^
PRIVATE NONFARM HOUSING**
-
S
4
/•
Monthly (July)
12
8
i
OBE-SEC
—
i >l , l 1, l 1 i :
Starts
\
>,500
i
1
Percent
10
^
XA JJ<
Trade Sources & QBE
PERSONAL SAVING RATE*
REAL PER CAPITA DISPOSABLE
PERSONAL INCOME**
- (In 1958 Dollars)
Anticipated
i
Shipments
, i 1 i 1 h| 1 , ,
Monthly (Aug.)
0
...-*,• 1
Imports
(right scale)
/
%- — .^.,--%..
^ ,.
QBE
7
New Orders
|V\-
-
i
S
MACHINERY AND EQUIPMENT*
(Manufacturing Firms)
-JN/\V\ ^\
" t^\*
\J
^\J
__
QBE
Quarterly (IV)
Million Units
_
l
Census
700
650
. /
^
A
Billion $
DISPOSABLE PERSONAL INCOME*
1
-
--.*» s**'*'
_
1
/> — 0
-
Excluding Automotive Group
350
1
PLANT AND EQUIPMENT
EXPENDITURES **
Total
30
^S
s*
1
Quarterly (II)
Billion $
WAGES AND SALARIES**
_
Nonresidential Structures**
/^
^^*/
^^"^
h" """" "*
I
I
1 968
Quarterly (II)
I
I
!
1.0
.5
1 969
Cr'
1 1 1 1 1 1 1 11 1 1 i 1 1 1 1 11 1 i ii
1 967
QBE
-
Permits
1 968
Monthly Aug.)
1 1 1 1 1 11 1 1 1 1
1 969
Census
September 1969
SURVEY OF CURRENT BUSINESS
Business inventories (book value) rose $1.3 billion in July--well above average monthly increase in second quarter
* Merchandise trade registered a surplus in July for the first time since April
Revised data put Federal Budget surplus (NIA basis) at $13 billion in second quarter vs. $9.6 billion in first
INVENTORIES
FOREIGN TRANSACTIONS
Billion $
40
GOVERNMENT
Billion $
Billion $
12
140
NET EXPORTS**
CHANGE IN BUSINESS INVENTORIES**
FEDERAL PURCHASES OF
GOODS AND SERVICES**
(GNP Basis)
—
30
—
8
y
,_
10
o
mm
Merchandise
l.ll.IIIII
0
Quarterly (II)
i
4
^>-vn—
^^
80
Defense
I
I
I
I
I
I
Quarterly (II)
^s
160 ~
\s/
J/
S\
1 11 1 1 I 1 1 ! 1 1
-
2.5
1
1 1 1 1 1 1 1 1 1 1 1
Monthly (July)
-
2.0
1 1 1 1 1 1 1J 1 1
Census & QBE
1.5
Billion $
100 _
A
3
«iy^\fl/
\"1f\\f * ? la
rvv
Y / \V
f
J3-, —-^r**^
r
60 ^
Imports
;~, /
1 1 1 1 1 1 1 1 1
V
1 11 1 111 1 1 1
i 1 1 1 1 1 i 1 1 ii 1 1 1 1 1 i 1 1 1 1 1
Monthly (July)
Monthly (July)
0
l 1 1 1 1 1 1 1 1 1 1
Census
Monthly (July)
FEDERAL BUDGET**
(NIA Basis)
200
j
^*
—
Expenditures
175
\
_^™^,
-2 ~
~
150
X
1.2
1 11 1 11 1 1 1 11 1 1 1 1 1 1 1 1 1 11 1 11 1 111 1 i 11
1968
Monthly (July)
* Seasonally Adjusted
1969
Census & QBE
* * Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Office of Business Economics
I
I
I
\
125
i
i
QBE
—
i
i
i
I
l
l
Quarterly (II)
Billion $
150
QBE
STATE AND LOCAL PURCHASES
OF GOODS AND SERVICES**
Official Reserve Transactions Basis
1—
r .
1967
I
BALANCE OF PAYMENTS*
^ Total
Manufacturing am Trade
1.4
I
4
2
~~<KJ\
I
K
Receipts
Billion $
Manufacturing
^x-Ax^
i
Quarterly (II)
INVENTORY/SALES RATIOS*
1R
i
—
^^^
A
/^ /v
Inflow
Census & QBE
Ratio
2.0
Census
225
_
i
1 11 i11 111 11 1 11 11i 11111
Billion $
2 _
4
\
Shipmen ts
1 -
Trade
40
I
\*
\i
\
i 1 1 1 1 1 11 1 1 1 i 1 1 1 1 1 1 1 1 i i
II
•* .*• * i:
\fc
•:
Outflow
~
l
New Orders
if
-
0
\
'
l
QBE
2
Manufacturing
80
i
1
DEFENSE PRODUCTS*
v •
NET FLOW OF PRIVATE U.S. AND FOREIGN CAPITAL
(Other than Liquid Funds)*
_
L
4
Exports
MANUFACTURING AND TRADE INVENTORIES*
(Book Value, End of Month)
1
Quarterly (II)
/\
Billion $
4
120
\
Billion $
\.«
^^
140
3.0
~s
Tol al
150
~
\
QBE
MERCHANDISE TRADE*
MANUFACTURING AND TRADE INVENTORIES*
(Book Value, End of Month)
\
60
Billion $
3.5
170
—
\\^~—'—'
—-"-"i
^—^
100
i
QBE
Billion $
130
i
—
Total
-~~-\/
4
20
120
Goods and Services
125
\A ^r--
-2
4
r\ -
-^
i
i
1967
i
Liquidity Basis
i
i
i
1968
Quarterly (II)
— -^
^
-^"^
75
\
i* i
|
50
1969
l
l
1967
QBE
i
l
i
i
1968
Quarterly (II)
i
i
i
1969
QBE
SURVEY OF CURRENT BUSINESS
6
September 1969
• In August—Industrial production declined slightly after 11 successive monthly increases
*
—Monetary policy continued tight—bank credit virtually unchanged since June
• Revised data put second quarter corporate profits (including IVA) only fractionally below first
INDUSTRIAL PRODUCTION
MONEY, CREDIT, AND SECURITIES MARKETS
Index, 1957-59=100
Billion $
190
460
240
_
160
yX/^ ^"* ~
^/r\
~~ T/\*«»l
/
\
vjofej A^
^~\±sy
Nondurable Manufactures
M
340
300
1 1 1 1 1 1 1 1 1 1 1
1 1 1 1 1 M 1 1
220
Monthly (Aug.)
Bank Credit
(left scale)
380
/"*
I I i r*f*Ki i i i i
CORPORATE PROFITS**
_
Before Tax and Including IVA
100
New Series
\
•• .. .
150
420
S"
,'* ^
Durable Manufactures
170
1 20
BANK CREDIT AND MONEY SUPPLY*
INDUSTRIAL PRODUCTION*
180
PROFITS AND COSTS
Billion $
-^P^
v
Money Supply
s^r^
^=^
200
80
180
60
160
40
^-—•[
1 1 1 1 1 1 1 i t i i .1 i 1 1 1 1 1 1 1 1 1 1 1 i-i-t 1 1 M i t
Monthly (Aug.)
t
Billion $
Billion $
2
120
150
125
__
Autos
\
1
*• '
l\
FREE RESERVES
* *V
A '
V
1
1 I 1 I1 1 1 M 11
_
100
_
_
f
1 1 1 1 1i M 1 1 1
1 1 1 1 11 1 1 1 1 1
Monthly (Aug.)
g^
X ^^
80
-
-
-1
-2
1 1 1 1 1 1 1 II
1 1
FRB
1 1i 1 1111111
1 1 1 1I 1 1 1 1 1 1
Monthly (Aug.)
60
I
40
Percent
INTEREST RATES Af^P BOND YIELDS
—
8
pi
75
i
_
4
i
i
2
-
4
i
i
1
1
Quarterly (II)
2
1
\
f~*
3-month Treasury Bills
1 11I 1 1 1 1 M 1
FRB
1 1 1 1 1 1 1 1 t I1
j
1 1 I t I 1 1 1 1 I1
0
i
-2
1941-43=10
Percent
140
6
STOCK PRICES
120
New Orders
28 -
\
. / XT' W
Shiprrients
^J^
50
I 1 1I 1 1I I 1 11
1967
on
1 1 111 11 1 111 1 1 i 1 111 1 1 11
1968
1969
Monthly (July)
Census
* Seasonally Adjusted * * Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Office of Business Economics
i i .
i. . i
i
i
i
i
i ..
BLS
UNIT LABOR COSTS, PRIVATE ECONOMY*
(Change From Previous Quarter)
Standard and Poor's (500)
X*N/^ ^N/\
100
*£-^X-~ v
*>•&
'
II •
4
—
2
_
—
\
_
«* ^A J^"\
ft
-
Quarterly (II)
36
•\
/M^*~^
l
QBE
I
BillionS
32
l
jifljuiiy JlJljJI
Monthly (Aug.)
DURABLE GOODS MANUFACTURERS*
i
Cornpensation
Output
6
-~
i
OUTPUT AND COMPENSATION PER MAN-HOUR,
PRIVATE ECONOMY*
- (Change From Previous Quarter)
Corporate Yields, Moody's Aaa
Manufacturing
I I
!
Quarterly (11)
6
RATIO, OUTPUT TO CAPACITY*
I
FRB
10
80
QBE
—1i—
Percent
85
t
—^ Profits A fter Taxes
95
\
i
Internal Funds
\
Percent
90
l
_
Vx^^^X
\
i
CORPORATE INTERNAL FUNDS AND PROFITS**
__
0
\J
100
i
t
/
"\/
li
: f \ 1,S\
±—s \ 1
Steel
r
\
•%'
-
Quarterly (II)
200
175
i
FRB
Index, 1957-59=100
V
i—,_.„
(right scale)
FRB
INDUSTRIAL PRODUCTION*
"M
^/^^
^-—
^T — ^
60
-
i nl.llll
^""T^
1 1 M
111 11 1 1
1967
1 1 1 11 i 1 1 11 1
1968
Monthly (Aug.)
1 1 1 1 1 1 1 1 1 1 1
1969
-2
i
1967
l
i i
l
1968
i
l
i
t
1969
Quarterly (II)
BLS
SURVEY OF CURRENT BUSINESS
September 1969
NATIONAL INCOME AND PRODUCT TABLES
1968
1967
II
1968
1969
III
1969
1968
II
IV
1967
II
1968
Seasonally adjusted at annual rates
III
II
IV
Seasonally adjusted at annual rates
Billions of current dollars
Billions of 1958 dollars
Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
Gross national product.
793.5
865.7
835.3
858.7
876.4
892.5
908.7
924.8
674.6
707.6
693.3
705.8
712.8
718.5
723.1
726 7
Personal consumption expenditures
492.3
536.6
520.6
530.3
544.9
550.7
562.0
572.8 430.3
452.6
445.6
449.0
458.2
457.6
462.9
466.2
73.0
215 1
204.2
83.3
230.6
222.8
79.5
226.1
215.1
81.8
228.5
220.0
85.8
233 3
225.8
86.3
234 3
230.1
88.4
238 6
235.0
90.6
242 1
240.1
72.8
190 3
167.2
80.7
196.9
175.0
77.7
196.0
171.8
79.5
195.8
173.7
83.0
198.7
176.5
82.7
197.2
177.7
84.3
199.3
179.3
85.9
199 3
181 0
Durable goods
Nondurable goods
Services
__.___.
_
__ _
_
_.
Gross private domestic investment
Fixed investment
Nonresidential _
Structures
_ _ _
Producers' durable equipment
Residential structures
Nonfarm
Farm _
__ _
_. _ _ .
_.
__
_
Change in business inventories..
Nonfarm
Farm
_
Net exports of goods and services
Exports
Imports
Government purchases of goods and services
116.0
126.3
119.4
126.6
125.2
133.9
135.2
137.4
100.8
105.7
101.2
106.6
104.1
110.9
109.9
110.8
108 6
119.0
117.7
116.7
118 0
123 4
128 6
130 5
93 9
99 1
99.8
97.6
97.7
101.4
104.0
104 8
83 7
27.9
55.7
88 8
29.3
59.5
89 1
29.8
59.4
86 4
28.3
58.1
88 1
29.0
59.1
91 5
30 1
61.4
95 3
32 3
63.0
97 8
32 1
65.7
73 6
22 6
51.0
75 8
22.7
53.2
77.1
23.6
53.5
74.0
22.0
52.0
75 0
22.2
52.7
77.3
22.9
54.4
79.4
23.9
55.5
81 0
23.3
57.7
25.0
24 4
.6
30.2
29 6
.5
28.6
28 0
.6
30.3
29 7
.6
29.9
29 4
.5
31.9
31 4
5
33.3
32 8
5
32.7
32 2
5
20.3
19 8
5
23.3
22 8
.4
22.7
22 2
.5
23.5
23.1
.4
22.7
22 3
.4
24.1
23.7
.4
24.6
24.2
.4
23.8
23 4
.4
7 4
6.8
6
7.3
7.4
_ i
1.6
1.3
4
9.9
10.3
— 4
7.2
7.5
— 3
10 5
10.7
_ 2
66
6.6
69
6.7
2
69
6.3
6
6.6
6.7
— i
1.5
1.1
.4
9.0
9.4
-.3
6.4
6.7
—.3
9.6
9.8
—.2
5.9
5.9
.0
6.0
5.8
.2
o
52
25
1.9
34
36
12
15
16
36
.9
.9
1.3
1.7
-.2
-.3
— .5
46.2
41 0
50 6
48 1
47.7
45 9
50.7
47 3
53 4
49 7
50.6
49 4
47.6
46 1
57.1
55 5
42.1
38 5
45.6
44 7
43.9
43 0
45.2
43 9
48.0
46 3
45.5
45 7
41.9
42.2
50.4
50.8
180 1
200 3
193 4
198 4
202 5
206 7
210 0
212 9
140 0
148 4
145 6
148.9
148.8
150.2
150.6
150.2
"Federal
National defense .
Other .
90.7
72 4
18 4
99 5
78 0
21 5
96.3
76 1
20 1
99.0
77 9
21 1
100 9
78 8
22 1
101 9
79 3
22 5
101.6
79 0
22 6
100 6
78 5
22 1
74 8
78 9
77.3
79.6
79.2
79.4
78.3
76.3
State and local . .
89 3
100 7
97 1
99 4
101 7
104 8
108 5
112 3
65 2
69 5
68 3
69 3
69.6
70 8
72.3
73.9
712.8
718.5
723.1
726.7
717.2
5.9
720.7
6.0
Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
Gross national product
_ __
793.5
Final sales
Change in business inventories
865.7
835.3
858.7
876 4
892.5
908.7
924 8
674.6
707.6
693.3
705.8
786 2
7.4
858 4
73
833 6 848 8
16
99
869 2
7 2
882 0
10 5
902 1
66
917 9
69
667 7
69
701 0
6.6
691 8
1.5
696.8
9.0
706. 3
6.4
709.0
9.6
398.4
431.1
414.5
429.2
437 0
443.5
447.9
456 5
362.7
381.3
370.8
380.8
385.5
388.2
389.1
391.6
391.0
74
423 7
73
412 8 419 3
99
16
429 9
7 2
433 0
10 5
441 3
66
449 6
69
355 7
69
374 7
66
369.4 371.7
9 0
15
379.1
64
378.7
9.6
383.2
5.9
385.7
6.0
Durable goods..
_.
Final sales
Change in business inventories
160 9
157 0
3.9
176 7
171 4
53
168 3 175 7
166 4 168 9
68
19
178 8
173 7
51
184 0
176 6
74
186 4
181 6
48
190 3
185 5
49
152 0
148 5
35
162 8
158 0
4.7
156 6
154 8
1.7
162 3
156.2
6.1
164 5
159.9
4.5
167.8
161.2
6.5
169.0
164.8
4.2
171.4
167.3
4.1
Nondurable goods _
Final sales
__
Change in business inventories
237 5 254 4
234 1 252 3
35
20
246 2
246 5
— 3
253 5
250 4
31
258 3
256 1
21
259 5
256 4
31
261 5 266 2 210 7
259 7 264 1 207 3
18
21
34
218 6 214 3
216 7 214 6
19 — 3
218 4
215 5
29
221 1 220.5
219.2 217.5
30
19
220.2
218.4
1.7
220.2
218.4
1.9
316 7
335 0
343 4
353 2
358 5
365 8
255 4
258 9
262 4
262.7
264.6
267.0
64 8
67.5
69.3
68.0
726.7
Goods output.. _
Final sales
Change in business inventories
_
Services
Structures
_. _
78 4
347 5
87 1
85 8
86 0
86 1
90 6
94 9
373 4
94 8
249 1
62 9
259 9
66 4
67 1
66 2
Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product
793.5
Private
708 2
Business
Nonfarm
Farm
_
Households and institutions . Rest of the world
General government
770-5
835.3
743 9
858.7
764 9
876 4
779 2
892.5
794 0
908.7
808 5
924 8
822 7
674.6
707.6
615 0
591 0
24 0
641.5
617.8
23.7
644.8
621.1
23.7
15 5
16.1
15.7
16.2
16.8
17.2
41
4 7
47
4 6
4.3
3.7
60.2
60.2
60.5
60.9
776 7
751 1
25 7
790 5
763 0
27 6
597 3
573 5
23 7
22 7
25 2
24 3
25 4
25 0
26 0
27 2
28 3
39
15 4
4 3
15 9
85 3
95 2
91 3
93 8
98 5
4 5
100 2 102 1
665.8
637.5
614.6
22.9
763 1
738 4
24 7
4 9
662.6
632.1
608 8
23 4
749 3
724 1
25 2
4 9
723.1
658.3
625.3
602 3
23 0
734 6
709 8
24 8
97 i
718.5
652 6
634 6
715 4
690 5
24 9
4 9
712.8
647 9
740 6
715 7
24 9
4 3
705.8
617 0
681 0
656 6
24 4
4 7
693.3
646 1
627 5
604 2
23 3
4 5
_
865.7
57 6
4 5
59 7
58 7
59.8
SURVEY OF CURRENT BUSINESS
8
1969
1968
1967
1968
I
II
September 1969
IV
III
I
1968
II
1967
1968
Seasonally adjusted at annual rates
73.3
71.7
73.0
73.7
74.6
75.9
77.2
725.0 792.4 763.6 785.6 802.6 817.9 832.8 847.6
Less: Indirect business tax and nontax
70.1 77.9 73.9 77.0 79.4 81.4 83.3 85.7
liability
3.5
3.4
3.5
3.3 3.4
3.4
3.2
3.6
Business transfer payments _
-1.0 -2.5 -1.8 -1.6 -3.3 -3.4 -4.2 -6.5
Statistical discrepancy
Plus: Subsidies less current surplus of
government enterprises
1.4
.6
.7
1.1
.9
1.1
.9
654.0 714.4 688.8 707.4 724.1 737.3 751.3 765.7
Equals* National income
Less: Corporate profits and inventory
valuation adjustment
_
Contributions for social insurance
Wage accruals less disbursements
79.2
87.9
82.5
88.2
90.6
90.3
89.5
89.2
42.4
47.0
45.4
46.5
47.6
48.6
52.7
53.8
.0
.0
.0
.0
.0
.0
.0
.0
55.8
52.9
55.3
56.7
58.1
60.1
61.3
25.7
22.9
3.4
26.4
23.6
3.4
27.4
23.8
3.5
27.9
23.8
3.5
28.5
24.3
3.6
Plus: Government transfer payments
48.8
to persons
Interest paid by government
(net) and by consumers
. 23.6
21.5
Dividends
3.2
Business transfer payments
Equals : Personal income
.8
_
26.1
23.1
3.4
25.0
22.2
3.3
629.4 687.9 664.3 680.1 696.1 711.2 724.4 740.5
Compensation of employees
Wages and salaries
Private
Military
Government civilian
48.0
49.1
50.2
52.7
53.8
24.1
24.7
25.3
27.3
27.9
22.1
24.2
23.4
23.9
24.5
25.0
25.5
26.0
18.4
3.7
20.1
4.1
61.9
63.8
63 2
63.6
64 1
64 1
64 6
66 5
47.2 49.2
Business and professional
Income of unincorporated enterprises
..
47.5 49.9
Inventory valuation adjustment _ . -.3 — . 7
48.4
49.2
49.3
49.7
49.7
50 1
Other labor income. .
Employer contributions to private pension and welfare funds
Other
Proprietors' income
Farm
Rental income of persons _ ...
Corporate profits and inventory valuation adjustment
36.0
37.5
37.5
Personal consumption expenditures . 24.9 30.2
4.4
5.3
Producers' durable equipment
Change in dealers' auto inventories. . -.5 1.0
28.4
5.0
.7
29.2
5.1
2.4
31.7
5.6
-.6
31.4
5.5
1.5
30.9 31.4
5.4
5. 5
1.1 —1.4
Net exports
Exports
Imports
34.5
-.5
1.2
1.7
2!o
2.8
-.3
1.9
2.2
—.7 -1.0 -1.2
2.0
2.0
2.0
3.2
2.7
3.0
-.2 — 1.4
2.3
2. 3
2.5
3. 7
25.5
2.9
32.4
4.3
30.3
4.0
32.9
4.2
33.4
4.6
Addenda:
32.6
4.3
33.9
4.7
30. 7
5.4
Billions of 1958 dollars .
Gross auto product 1
28.7
35.1
33.4
35.6
35.2
36.2
36.2
Personal consumption expenditures. 25.0
4.5
Change in dealers' auto inventories.. -.5
29.4
5.2
1.0
27.8
5.0
.7
28.6
5.1
2.4
30.9
5.5
-.6
30.2
5.4
1.5
Net exports
Exports
Imports
-.5
1.3
1.7
-.8
2.0
2.8
-.3
1.9
2.2
-.7 -1.0 -1.2
2.0
2.0
1.9
3.2
2.8 3.0
29.7 30 l
5.3
1.1 ~ L 3
-.2 ~J-*
2.3
3 7
2.5
-
26.0
3.0
32.1
4.3
30.2
4.0
32.7
4.2
32.7
4.5
33.0
Addenda:
New cars, domestic 2
New cars, foreign. _ .
32.4
4.3
33.3
4.6
1. The gross auto product total includes Government purchases
2. Differs from the
oroduct total by
bv the markup
markim on
nn both used cars and
he gross auto product
foreign cars.
5 3
-
14 6
14 8
14 3
14 8
14 4
14 9
16 4
21.2
21.1
21.2
21.2
21.4
21 5
21 6
79 2
87 9
82 5
88 2
90 6
90 3
89 5
89 2
80 3
91 1
87 9
90 7
91 5
94 5
95 5
95 4
33 0
47 3
21.5
25.9
41 3
49 8
23.1
26.7
39 9
47 9
22.2
25.7
41 1
49 7
22.9
26.7
41 4
50 0
23 6
26.5
42 9
51 6
23 8
27.8
43 4
52 2
23 8
28 4
43 6
51 8
24 3
27 5
-1.1 -3.2 -5.3 -2.6
24 7
28 0
26 7
27 5
-.9 -4.2 -6.1 -6.2
28 4
29 3
29 g
30 3
654.0 714.4 688.8 707.4 724.1 737.3 751.3 765.7
Agriculture, forestry, and fisheries
Mining and construction
Manufacturing
._
Nondurable goods
Durable goods _
21.5 21.9 22.0 21.6 22.2 21.9 22.6 24.2
39.4 42.9 41.5 42.6 43.1 44.4 45.9 47.8
195.6 215.4 206.7 213.9 218.2 222.7 225.3 228.9
75.7 82.9 80.1 82.0 84.2 85.4 86.1 88.3
119.9 132.5 126.6 131.9 134.1 137.3 139.1 140.5
Transportation
Communication
Electric, gas, and sanitary services
Wholesale and retail trade. _
25.1 27.2 26.3 27.0 27.5 27.8 28.2 28.9
13.1 14.2 13.7 13.8 14.4 14.9 15.3 15.6
12.6 13.7 13.2 13.4 14.2 13.9 14.2 14.2
97.5 105.2 101.9 104.5 106.6 107.8 109.5 111.7
Finance, insurance, and real estate
Services
Government and government enterprises
. ...
Jttesi 01 tne world __
72.3
78.3
78.2
86.1
75.3' 77.1
83.2 85.2
79.3
86.5
80.9
89.3
82.9
92.1
84.4
93.6
94.1 105.0 100.8 103.3 107.1 108.7 110.6 112.5
4.5
4.7
4.9
4.9
4.9
4.5
4.3
3.9
Table 8.—Corporate Profits (Before Tax) and Inventory Valuation
Adjustment by Broad Industry Groups (6.12)
All industries, total
79.2
87.9
82.5
88.2
90.6
90.3
89.5
89.2
Financial institutions . .
10.5
11.5
11.0
11.2
12.1
11.9
12.3
12.7
2.0
8.5
2.1
9.4
68.8
76.4
71.6
76.9
78.5
78.5
77.2
76.5
39.0
18.1
44.4
19.9
41.1
19.1
44.9
19.8
45.4
20.4
46.2
20.4
45.1
20.3
44.9
21.0
Mutual
Stock.
Nonfinancialcorporations
on
14 7
20.8
jLaoie *.—-mauonai income i>y inausiry mvision ii.ijj
All industries, total
36.3
337.3 369.0 355.9 364.5 372.7 382.8 392.5 402 0
16.2 18.0 17.3 17.6 18.7 18.3 18.2 18.4
70.0 78.0 75.0 76.8 79.3 80.9 82.5 84 0
47.0
Table 5.—Gross Auto Product in Current and Constant Dollars
(1.15, 1.16)
=
Billions of current dollars
34.0
423.5 465.0 448.2 459.0 470.7 482.1 493.3 504 3
23.6
Inventory valuation adjustment
35.9
654.0 714.4 688.8 707.4 724.1 737.3 751.3 765.7
467.4 513.6 495.1 507.0 519.8 532.3 546.0 558.2
48.6
Net interest
New cars, domestic 3 _ .
New cars, foreign _ _
II
24.4
Profits tax liability
Profits after tax
Dividends
. ._ .
Undistributed profits
28.6
I
Supplements to wages and salaries- .. 43.9
Employer contributions for social
21.8
insurance
.
Profits before tax
Gross auto product 1.
IV
Table 6.—National Income by Type of Income (1.10)
National income
793.5 865.7 835.3 858.7 876.4 892.5 908.7 924.8
Less: Capital consumption allowances . 68.6
III
Billions of dollars
Table 4.—Relation of Gross National Product, National Income,
and Personal Income (1.9)
Equals : Net national product
II
Seasonally adjusted at annual rates
Billions of dollars
Gross national product _
I
1969
Manufacturing
SURVEY OF CURRENT BUSINESS
September 1969
1969
1968
1967 1968
I
II
9
III
IV
I
1968
II
1967 1968
Seasonally adjusted at annual rates
I
Table 9.— Gross Corporate Product (1.14)
42.6
45.9
44.8
45.8
46.2
46.7
47.7
48.6
40.8
44.8
42.5
44.4
45.8
46.6
47.3
48.5
Gross product originating in
nonfinancial corporations
- 430.6
41.4
Capital consumption allowances
Indirect business taxes plus transfer
payments less subsidies
_ 39.1
Income originating in nonfinancial
corporations
350.1
Compensation of employees..
275.8
Wages and salaries
246.6
Supplements
29.2
Net interest
9.1
Corporate profits and inventory
65.2
valuation adjustment.
Profits before tax
66.3
28.2
Profits tax liability
Profits after tax.
38.1
Dividends
19.1
Undistributed profits
19.0
Inventory valuation adjustment.— -1.1
Cash flow, gross of dividends
79.5
Cash flow, net of dividends
60.4
403.5 387.1 399.7 409.6 417.4 425.0 433.0
318.4 307.3 314.5 321.9 329.8 338.2 346.0
284.3 274.1 280.8 287.4 294.7 301.3 308.5
34.1 33.1 33.8 34.5 35.1 36.9 37.6
1.2
.9
1.1
83.9 79.0 84.1
87.2 84.3 86.6
41.3 39.9 41.1
45.8 44.4 45.6
21.5 20.8 21.2
24.3 23.7 24.3
-3.2 -5.3 -2.6
1.3
1.4
1.5
1.6
86.4 86.2 85.2 85.3
87.3 90.4 91.3 91.6
41.4 42.9 43.4 43.6
45.9 47.5 47.9 48.0
21.9 22.2 22.1 22.8
24.0 25.3 25.8 25.2
-.9 -4.2 -6.1 -6.2
91.7
70.2
89.2
68.5
91.4
70.1
92.1
70.2
94.2
72.1
95.6
73.5
96.6
73.8
22.8
21.4
22.3
23.6
23.9
24.9
25.6
471.4 453.0 467.7 478.0 486.8 495.0 504.5
44.6
43.5
44.5
44.9
45.4
46.4
47.3
43.0
40.8
42.5
43.9
44.7
45.3
46.5
383.8 368.7 380.6 389.2 396.7 403.3 410.7
300.6 290.4 297.0 303.7 311.0 318.7 326.2
268.6 259.4 265.4 271.5 278.2 284.2 291.1
31.9 31.0 31.6 32.2 32.8 34.5 35.1
10.9
10.3
10.7
72.4 68.0 72.9
75.6 73.4 75.4
35.6 34.6 35.5
40.0 38.8 39.9
20.4 19.8 20.1
19.6 19.1 19.8
-3.2 -5.3 -2.6
84.6
64.2
82.4
62.6
84.4
64.3
11.1
11.4
11.7
11.9
74.3 74.3 72.9 72.6
75.2 78.5 79.0 78.8
35.5 37.0 37.2 37.2
39.7 41.5 41.8 41.6
20.7 20.9 20.9 21.5
19.0 20.6 20.9 20.1
-.9 -4.2 -6.1 -6.2
84.7
63.9
86.9
66.0
88.1
67.2
88.9
67.4
Billions of 1958 dollars
1.122
1.130
1.136
1.145
1.157
1.168
.106
.107
.108
.108
.107
.107
.108
.109
.100
.706
.023
.103
.723
.026
.101
.719
.025
.103
.718
.026
.104
.722
.026
.105
.732
.027
.106
.745
.027
.108
.755
.028
.167
.072
.174
.086
.169
.086
.176
.086
.177
.084
.175
.087
.170
.087
.168
.086
.095
.088
.083
.090
.092
.088
.083
.082
465.0
181.5
145 9
109.2
78.3
96.0
448.2
175.7
141 2
105.1
75.1
92 3
459.0
179.3
144 2
107.9
77.3
94 5
470.7
183.0
147 4
110 8
78.9
97 9
482.1
187.8
150 7
113 1
82.0
99 2
493.3
191.5
153 3
115 5
85 4
100 8
504.3
196.5
156 6
118 3
87 1
102 4
Other labor income
22 1
24 2
23 4
23 9
24 5
25 0
25 5
26 0
Proprietors' income ...
B usiness and professional
Farm
61.9
47.2
14 7
63.8
49.2
14 6
63.2
48.4
14 8
63.6
49.2
14.3
64 1
49.3
14 8
64 1
49.7
14 4
64 6
49.7
14 9
66 5
50 1
16 4
Rental income of persons
Dividends
Personal interest income .
20 8
21 5
48 3
21 2
23.1
54 1
21 1
22 2
51.7
21 2
22 9
53.2
21 2
23 6
54 8
21 4
23 8
56 7
21 5
23 8
57 e
21 6
24 3
58 8
Transfer payments
Old-age, survivors, disability, and
health insurance benefits
State unemployment insurance
benefits
Veterans benefits
Other
52 0
59 2
56 3
58 7
60 1
61 6
63 6
64 9
25.7
30.3
28.2
30.3
30.9
31 8
32.4
32.9
2.1
6.6
17.6
2.1
2.2
1.9
2.1
2.0
2.2
19.7
18.9
19.4
20.0
20.5
21.3
1.9
8.2
21.9
20.6
22.6
21.8
22.4
22.9
23.3
25.4
25.9
82 9
97 9
89 3
92 7 102 6 107 0 114 2 118 5
Less: Personal contributions for
Less: Personal tax and nontax payments
Equals : Disposable personal income _ . .546.5 590.0 575.0 587.4 593.4 604.3 610.2 622.0
Less : Personal outlays
_..
506.2 551.6 535.1 545.1 560.2 566 2 577 7 588 8
Personal consumption expenditures- 492.3 536.6 520.6 530.3 544.9 550.7 562.0 572.8
Interest paid by consumers
13.1 14.2 13.7 14.0 14.4 14.7 15.0 15.2
Personal* transfer payments to for.7
.7
.7
.7
.7
.8
.8
.8
eigners
Equals: Personal saving
40 4
Addenda:
Disposable personal income :
Total, billions of 1958 dollars
Per capita, current dollars .
Per capita, 1958 dollars
Personal saving rate,8 percent
38.4
39 9
42.3
33 2
38 0
32 5
33 3
477 7 497 6 492 1 497 4 498 9 502 1 502 6 506 2
2 745 2 933 2 869 2 924 2 946 2 991 3 014 3 065
2,399 2,474 2,455 2,476 2 477 2 485 2*482 2 494
7.4
6.5
6.9
7.2
5.6
6.3
5.3
5.3
Table 11.—Personal Consumption Expenditures by Major Type (2.3)
Personal consumption expenditures
492.3 536.6 520.6 530.3 544 9 550.7 562.0 572.8
73 0
Automobiles and parts
83.3
79 5
81.8
85 8
86.3
88.4
90.6
30.5 37.0
34.8
33.4
11.3
35.6
33.8
12.4
38.6
35.0
12.1
39.0
34.6
12.8
39.4
35.5
13.6
40 0
36.8
13 8
Furniture and household equipment. 31.3
Other.. . ___
11.2
.
Food and beverages
Clothing and shoes.
Gasoline and oil
Other..
1. Excludes gross product originating in the rest of the world.
2. This is equal to the deflator for gross product of nonfinancial corporations, with the decimal
point shifted two places to the left.
3. Personal saving as a percentage of disposable personal income.
360-735 O - 69 - 2
II
629.4 687.9 664.3 680.1 696 1 711 2 724 4 740 5
Wage and salary disbursements
423.5
Commodity-producing industries. . 166.5
Manufacturi n,g
134 2
Distributive industries. .
100.3
Service industries
70.5
Government
86 2
Nondurable goods. _.
Dollars
Capital consumption allowances..
Indirect business taxes plus transfer
payments less subsidies
Compensation of employees. _
Net interest
Corporate profits and inventory valuation adjustment
Profits tax liability
Profits after tax plus inventory valuation adjustment- .
Personal income
Durable goods
Gross product originating in
nonfinancial corporations
390.5 415.9 403.6 413.9 420.8 425.1 427.7 431.9
Current dollar cost per unit of
1958 dollar gross product
originating 3in nonfinancial
corporations
.
1.103 1.133
I
Table 10.—Personal Income and Its Disposition (2.1)
450.9 494.2 474.5 489.9 501.6 510.7 519.9 530.1
Income originating in corporate busi367.5
ness
291.7
Compensation of employees
260.6
Wages and salaries.
31.1
Supplements
_ _
_- .2
Net interest
Corporate profits and inventory
75.6
valuation adjustment
76.7
Profits before tax
33.0
Profits tax liability
43.7
Profits after tax...
20.0
Dividends .
23.8
Undistributed profits
Inventory valuation adjustment. . -1.1
86.4
Cash flow, gross of dividends...
66.4
Casb flow, net of dividends
Gross product originating in
20.4
financial institutions
IV
Billions of dollars
l
Gross corporate product
III
Seasonally adjusted at annual rates
Billions of dollars
Capital consumption allowances
Indirect business taxes plus transfer
payments less subsidies
II
1969
Services
Housing .
Household operation .
Transportation
Other
34.2
12.1
215.1 230.6 226.1 228.5 233.3 234.3 238.6 242.1
_ _ 108.1 115.0 112.6 114.8 116.1 116.4 118.4 119.1
42.5 46.3 45.0 45.6 47.4 47.3 48.1 50 0
__. 17.7 19.1 18.9 18.8 19.5 19.5 20.4 21.0
46.8 50.1 49.6 49.4 50.3 51.1 51.8 52.0
204 2 222 8 215 1 220 0 225 8 230 1 235 0 240 1
71 8
29.1
14.7
88.6
77 4
31.2
16.1
98.1
75 2
30.5
15.5
93.8
76.7 77 9 79.8 81.3 82 8
30.7 31.6 31.9 32.7 33.1
15.9 16.3 16.5 17.1 17.3
96.7 100.0 101.8 103.9 106 9
Table 12.-—Foreign Transactions in the National Income and
Product Accounts (4.1)
Receipts from foreigners...
Exports of goods and services
Payments to foreigners
Imports of goods and services. ..
Transfers to foreigners
Personal
Government ..
Net foreign investment..
46.2 50.6
47.7
50.7
53.4
50.6
47.6
57.1
46.2
50 6
47.7
50.7
53 4
50.6
47.6
57.1
46.2
50.6
47.7
50.7
53.4
50.6
47.6
57.1
41.0
48.1
45.9
47.3
49.7
49.4
46.1
55 5
3.0
g
22
2.9
g
21
25
7
18
2.8
7
20
3.1
g
2.3
3.1
7
24
2.4
.7
1.7
28
.7
21
2.2
-.3
—.7
.6
.6 -1.9 -1.0 -1.2
SURVEY OF CURRENT BUSINESS
10
1968
I
II
1968
1969
1968
1967
September 1969
IV
III
I
1967
II
1968
I
Table 13.—Federal Government Receipts and Expenditures (3.1, 3.2)
151.1 176.3 165.7 170.8 181.4 187.3
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax
16.3
accruals
Contributions for social insurance... 36.7
Federal Government expenditures
74.7
38.1
83.7
38.4
87.4
39.8
93.8
40.2
96.9
40 5
18.0 17.4
40.5 39.3
17.9
40.1
18.3
40.9
18.5
41.7
18.5
45.6
18.6
46.4
Purchases of goods and services. .. . 90.7 99.5 96.3
72.4 78.0 76.1
National defense
18.4 21.5 20.1
Other
Transfer payments
To persons
To foreigners (net)
42.2
40.0
2.2
47.8 45.1
45.7 43.3
2.1 1.8
Grants-in-aid to State and local governments
15.9
18.3
Net interest paid
10.3
11.6
Subsidies less current surplus of government enterprises
198.1 202.3
79.5 72.1
38.3 37.0
163.8 181.5 174.1 180.3 184.2
187.4
188.5 189.3
99.0 100.9 101.9
77.9 78.8 79.3
21.1 22.1 22.5
101.6 100.6
79.0 78.5
22.6 22.1
47.6
45.5
2.0
48.7
46.5
2.3
50.0
47.6
2.4
17.7
18.2
18.4
19.0
19.0
19 3
11.0
11.4
11.7
12.2
12.5
1? 9
50.8
49.1
1.7
52.1
50.0
2.1
4.0
4.1
4.6
4.4
4.6
4.4
-.1
9.6
13.0
4.7
4.3
Table 14.—State and Local Government Receipts and Expenditures
(3.3, 3.4)
93.2 106.2
15.4
2.4
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax
53.8
accruals. .-. -..
Contributions for social insurance. . . 5.7
15.9
Federal grants-in-aid
Purchases of goods and services
Transfer payments to persons
.
Net interest paid
Less: Current surplus of government
enterprises
_. _
100.5 104.7
108.0 111.4
17.2
2.9
18.0
3.0
18.9
3.0
19.5
3.1
20.5
3.1
21.5
3.1
59.9
6.5
18.3
56.5
6.2
17.7
59.2
6.4
18.2
61.1
6.6
18.4
62.9
6.9
19.0
64.8
7.1
19.0
67.1
7.4
19.3
95.0 107.6
Gross national product . .
Personal consumption expenditures
Durable goods
Nondurable goods
Services.
-
97.1
9.7
2
115.7 120.0 118.0 119.6 120.8 121.7 123.7 124.5
113.7 117.1 115.7 116.7 117 6 118 4 120 1 120.8
123.6 129.3 126.5 128.7 130.6 131.4 135.3 137.8
Structures-..
Producers' durable equipment.. 109.2 111.9 110.9 111.6 112.1 113.0 113.5 113.9
Residential structures
Nonfarm
Farm
Exports
Imports
3.4
3.4
-.8
. . . .
Gross national product
Goods output
Durable goods
Nondurable goods.- _ .-.
132.0 139.6 132.6 136.3
Government surplus or deficit (—),
national income and product
accounts
-14.5 -6.7
33.2 38.0
26.5 27.8
-1.8 -2.1
-4.2
130.7 131.8
32.5
28.4
33.3
27.5
46.7
47.7
48.6
27.5
.0
27.9
.0
28.2
.0
28.6
.0
7.8
10.9
-12.7 -5.2
-1.8 -1.5
-8.4 -9.5 -2.8
-3.1 -1.3 —.7
13.0
-1.8 -2.1
118.2
118.7 127.2 125.8 132.0
134.2 136.2
Gross private domestic investment.. 116.0 126.3 119.4 126.6 125.2 133.9
Net foreign investment
2.2 -.3 -.7
-1.9
135.2 137.4
-1.0 -1.2
-1.0
125.9
-2.5
-1.6 -3.3
-3.4
121.7
122.9
124.2
125.7
127.3
105.9 108.5 107.5 108.2 108 7 109 7 110 3 111.1
112.7 116.4 114.9 116.1 116.8 117.7 118.8 120.9
127.2
133.7
131.2
132 7 134 6 136 4 138 2 139 8
127.8
130 0 132 9 134 1 137 0 139 4
101.9
101.9
Gross auto product. .
99.7
102.5
102.3
103.6
103.7
104.4
Table 18.—Implicit Price Deflators for Gross National Product by
Sector (8.4)
117.6 122.3 120.5 121.7 122.9 124 2 125 7 127.3
114.8 118.9 117.2 118.4 119.4 120.6 122.0 123.6
Business
Nonfarm
Farm..
114 0 118 0 116 3 117 5 118 5 119 7 121 1 122 6
114.5 118.5 116.8 117.8 118.9 120 1 121.6 122 8
102 9 106 8 103 7 108 0 107 8 107 9 108 5 116 3
Households and institutions
147.2 158.6
General government
148.1 159.4 155.7 156.9 161.3 163.6 165.6 167.5
-6.1 -6.2
46.2
-11.5 -10.8 -3.5
120.5
3.5
Table 15.—Sources and Uses of Gross Saving (5.1)
135.1
122.3
124 6 131.2
Gross national product
133.7
117.6
109 9 113 0 111 8 112 7 113 4 114 2 115 1 116 6
Services
Private
Personal saving
40.4 38.4 39.9 42.3
Undistributed corporate profits
25.9 26.7 25.7 26.7
Corporate inventory valuation adjustment
-.
-1.1 -3.2 -5.3 -2.6
Corporate capital consumption
allowances
42.6 45.9 44.8 45.8
Noncorporate capital consumption
allowances
26.0 27.4 26.9 27.2
.0
Wage accruals less disbursements
.0
.0
.0
121.3 126.2 124.5 124.5 127 4 128 3 129 8 131 9
137.1 145.0 142.3 143.4 146.2 148.1 150.1 151.9
Table 17.—Implicit Price Deflators for Gross National Product by
Major Type of Product (8.2)
Addendum:
3.5
109.7 110.9 108.9 112 1 111 3 111 3 113 5 113 4
106 5 107 6 106 7 107 8 107 5 108 2 109 2 109 2
Government purchases of goods and
128.7 135.0 132.8 133 3 136 2 137 6 139 5 141 8
services
108.5 112.3
11.0 11 3
4
4
-.7
123.1 129.7 126.0 128.7 131 5 132 4 135 3 137.1
123.1 129.8 126.0 128.7 131.6 132.5 135.4 137.2
122 8 125.9 125 4 126 1 126 2 126 1 127 5 130 4
Change in business inventories
116.3 120.5
3.5
Statistical discrepancy.
100.3 103.3 102.3 102.9 103.4 104.5 104.9 105.5
113.0 117.1 115.3 116.7 117.5 118.8 119.8 121.5
122.1 127.3 125.2 126.6 127.9 129.5 131.0 132.7
Nonresidential
108.7 112.2
3.5
Gross investment..
125.7 127.3
121.4 122.9
117.6 122.3 120.5 121.7 122.9
Fixed investment
99.4 101.7 104.8
9.8 10.2 10.5
3
3
4
3.4
Federal
State and local..
...
124.2
114.4 118.6 116.8 118.1 118.9 120.4
Gross private domestic investment
Structures
103.6 106.0
89.3 100.7
8.8 10.0
3
.2
33
114.5 118.5
18.4
3.0
Surplus or deficit (—), national
income and product accounts
-1.8 -1.5 -3.1 -1.3
Gross private saving
II
Table 16.—Implicit Price Deflators for Gross National Product (8.1)
Federal
State and local
State and local government expenditures
I
Net exports of goods and services.
Surplus or deficit (—), national
-12.7 -5.2 -8.4 -9.5 -2.8
income and product accounts
State and local government receipts
IV
Index numbers, 1958=100
Billions of dollars
67.5
30.6
in
Seasonally adjusted
Seasonally adjusted at annual rates
Federal Government receipts
II
1969
-4.2
HISTORICAL DATA
Historical national income and product data are available
from the following sources:
1965-68: July 1969 SURVEY OF CURRENT BUSINESS.
1964: July 1968 SURVEY OF CURRENT BUSINESS.
1929-63: The National Income and Product Accounts of the
United States, 1929-65, Statistical Tables (available from any
U.S. Department of Commerce Field Office or from the Superintendent of Documents, U.S. Government Printing Office,
Washington, D.C. 20402, price $1.00 per copy).
September I960
SURVEY OF CUERENT BUSINESS
11
1969 Plant and Equipment Programs Again Reduced
From Earlier Plans
to a very sharp spurt in new orders
for machinery and equipment in April.
Strength in starts and appropriations
at a time when outlays have been
projected to level out in the near-term
could indicate a stretching out of
BUSINESSMEN continue to modify and monetary policies will have an investment programs.
their 1969 investment plans, according adverse effect on business activity in
Both durable and nondurable goods
to the survey conducted between mid- the near future are undoubtedly having manufacturers have scaled down their
July and the latter part of August. a dampening effect on investment investment goals for 1969, but spending
Outlays for new plant and equipment plans. These factors must be netted is expected to be 14 percent higher than
are now expected to total $70.9 billion, against the stimulative effects of still- last year for durables and 10 percent
a 10% percent increase over 1968. This rising sales and cash flow, efforts to higher for nondurables. These projected
projection compares with anticipated offset sharp advances in labor costs, advances are a marked contrast with
1969 increases of 12% percent in the and general optimism regarding eco- the fractional declines recorded in 1968.
survey taken in May and 14 percent in nomic activity over the longer term.
Second quarter expenditures of duraFebruary.
ble goods producers were at a seasonally
As can be seen in table 1, the most
Manufacturing Programs
adjusted annual rate of $15K billion,
recent downward adjustment is widespread among the major industries,
Plant and equipment expenditures
CHART 6
although it should be noted that almost by manufacturers in 1969 are now
every industry expects to spend more expected to total $29.7 billion, up 12
Plant and Equipment Expenditures
in 1969 than in 1968. Within 1969, percent from 1968. Outlays rose 4
Most industry divisions expect slowing in
investment from first to second half of 1969
actual capital outlays in the second percent from the first to the second
quarter were about 2% percent lower quarter of 1969 and another 4 percent Billion $ (Ratio scale)
than anticipated in May, and second advance is scheduled for the current 80
half programs have been revised down- quarter. In the final quarter of the year, 70 TOTAL BUSINESS
ward by 2 percent.
however, manufacturers see little further
60
Actual expenditures in the second rise in outlays.
quarter of 1969 were at a seasonally
The projected leveling in manufacturadjusted annual rate of $70.2 billion, ers7 outlays in the fourth quarter fits 50
2 percent higher than in the January- in with other information reported in 20
MANUFACTURING
March period. Businessmen now project this issue of the SURVEY. Manufacturers
a 3 percent rise from the second to the evaluating their existing plant and
Durable Goods,
third quarter—to $72.3 billion. How- equipment facilities relative to prospec- 15
••« ^——-—
^*^^K»".,
..•••
ever, outlays in the fourth quarter are tive needs over the next 12 months
***•••.»«. .••••••"*^***^
•••••
expected to show little change from the reported a significant easing in pressure
Nondurable Goods
third; spending in the October-Decem- between March 31 and June 30, 1969.
,
I
, . , I .
10
ber period is now programed at a rate of They also appear to be very cautious
$72.1 billion. If present projections about their sales prospects later this
NONMANUFACTURING
are realized, second half 1969 outlays year, for they have projected little rise
would be about $2% billion above the in sales from the third to the fourth 15
Commercial
first half 1969 rate, which in turn was quarter (p. 15). However, the informa$5 billion above the rate in the second tion is not all one-sided. Starts of new
investment projects, which lead exhalf of 1968.
It is not possible at this time to penditures, rose slightly in the second 10
' Public Utilities
disentangle the factors that have on quarter and have been at peak levels
balance tended to reduce 1969 capital in the first half of 1969. The same is
Communications
expenditures from earlier expectations. true of manufacturers' capital approOn the one band, some consideration priations recently reported by the
must be given to shortages in an National Industrial Conference Board.
--- \
economy operating at a very low 3% It is possible that the second quarter
-percent unemployment rate with scarci- rise in starts—and appropriations—
Transportation
Incl. Railroads
ties of skilled labor quite common. reflected attempts by manufacturers to
i
i
i
i
i i
On the other hand, tight credit condi- initiate projects before the expected
1967
1968
1969
tions, the likely repeal of the invest- deadline for eligibility under the proSeasonally Adjusted at Annual Rates
ment tax credit, and pervasive feelings posed repeal of the investment tax o Anticipated
Data: OBE-SEC
among businessmen that current fiscal credit. This proposal apparently led U.S. Department of Commerce, Office of Business Economics
69-9-6
m
SURVEY OF CURRENT BUSINESS
12
2l/2 percent higher than in the JanuaryMarch period; a similar increase is also
anticipated for the third quarter. These
increases may be compared with a very
sharp 8 percent rise posted in the first
quarter. Capital spending is expected
to level off in the closing 3 months of
the year as reductions in programs by
steel, transportation equipment, and
CHART 7
Carryover and Starts of
Investment Projects
• Starts up in durables, down in nondurables;
carryover for both increases
* First half 1969 decline in starts by public
utilities slows growth in carryover
Billion $ (Ratio scale)
20
DURABLE GOODS MANUFACTURING
10
8
6
NONDURABLE GOODS MANUFACTURING
10
8
2 -
i Li i i l i . i i i i i 1. » . i . i . i
1964
65
66
67
68
69
Seasonally Adjusted
1. Carryover as of end of period.
U.S. Department of Commerce, Office of Business Economics
Data: OBE-SEC
69-9-7
September 1969
stone, clay, and glass companies offset Table 1.—Annual Percent Changes in Plant
and Equipment Expenditures, 1967-69
increases elsewhere.
All of the component industries,
Actual 1968 to
anticipated 1969
except iron and steel, anticipate subActual
as reported in —
1967-68
stantial gains for the year as a whole
Feb. May Aug.
over 1968 totals. These range from 10
percent for nonferrous metals to more
All industries l
3.9
13.9
12.6
10.6
than 50 percent for stone, clay, and Manufacturing *
15.9
13.4
-.9
12.3
glass. Outlays by iron and steel proDurable goods J
—1.4
14.6
15.5
14.2
Primary metals . . .
1.9 -3.3 -4.4 -2.4
ducers are now programed some 7
Machinery
-3.7
13.7
14.8
14.3
Transportation
equippercent below 1968.
ment _ . . -.- ._-10.3
21.5
23.8
18.2
Stone, clay, and glass
56.4
-1.7
52.1
40.9
Nondurable goods producers' expenNondurable
goods
*
11.2
-.5
17.3
10.2
ditures in the second quarter fell someFood and beverage
.4
15.9
8.0
14.8
Textile
13.4
-15.3
34.8
20.3
what more from earlier anticipations
Paper.. _ ...
-10.6
34.8
31.0
19.5
Chemical
13.2
-6.5
16.8
12.4
than did durables, although, at $14 bilPetroleum .
13.1
4.9
8.1
6.6
Rubber
. . ..
27.4
13.5
5.9
8.0
lion, expenditures were still 5% percent
ma nufactur i ng
7.6
12.4
12.1
9.4
above the first quarter. Further in- NonMining
._
.
-.6
12.9
11.3
10.2
Railroad
-13.0
29.7
15.5
9.8
creases of 5 percent and 3 percent,
Transportation, other
than
rail
.
12.1
11.3
12.0
4.9
respectively, are now projected for the
14.1 13.5
Public utilities.16.7
10.4
Communication
7.6
19.4
16.9
18.7
third and fourth quarters. The paper,
Commercial and other
2.7
5.2
7.0
6.9
petroleum, chemical, and textile groups
1. Includes industries not shown separately.
are all scheduling further gains in the
Sources: U.S. Department of Commerce, Office of Business Economics, and the Securities and Exchange Comclosing 3 months of 1969.
mission.
Substantial advances over 1968 outlays are still scheduled by all soft goods moderate decline that began after 1966.
industries. Textile and paper com- From the end of March to the end of
panies are anticipating increases of June of this year, carryover increased
nearly one-fifth as compared with sub- $650 million, seasonally adjusted. This
stantial declines last year, while chemi- brought the end of June total to $21}£
cal companies are projecting a 12 per- billion, $3 billion above the figure a year
cent rise after a cutback in 1968. ago; all major industries except steel
transportation
Advances projected by other non- and nonautomotive
equipment contributed to the rise.
durable goods are moderate.
During the second quarter, durable
Carryover and starts
goods producers increased their carryThe value of new investment projects over of investment projects by $400
started by manufacturers rose slightly million, with the rise centering in the
in the second quarter, continuing the machinery industries. The $250 million
uptrend that began in early 1968 quarterly increase in carryover in the
(table 2). Seasonally adjusted starts nondurable goods group resulted from
by durable goods producers rose $300 moderate rises for most industries that
million to $4}£ billion, an amount just were partly offset by declines in paper
under the record dollar totals of late and petroleum.
1966. Most industries within the group Manufacturers' evaluation of
initiated a larger value of investment
capacity
projects in the second quarter than in
Manufacturers, responding to a questhe first, with motor vehicle and stone,
clay, and glass companies the major tion on their needs for productive
exceptions. In nondurables, declines in facilities in light of their prospective
starts by paper, petroleum, and rubber operations for the ensuing 12 months,
companies offset minor increases by indicated that there was an appreciable
easing of pressures on industrial capacother soft goods industries.
New investment projects started by ity during the second quarter. Commanufacturers continued to exceed out- panies owning 43 percent of total fixed
lays on projects already underway. assets in manufacturing on June 30,
Carryover (or expenditures yet to be 1969 reported that their existing facilimade on projects already started) has ties were inadequate for near-term
been rising since mid-1968 following a needs. The corresponding figure 3
September 1969
months ago was 48 percent. A high of
51 percent in this series was recorded
at the end of March 1966, and at the
end of June 1968 it was 41 percent
(table 3).
Facilities regarded as "adequate"
represented 52 percent of manufacturing assets in mid-1969, as compared
with 47 percent at the end of March
and a high of 55 percent in March
1968. The proportion of assets held by
firms reporting facilities in excess of
prospective needs was 5 percent on
June 30. This proportion has remained
relatively unchanged since the inception of the survey at the end of 1963.
During the quarter ending in June,
most of the major manufacturing industries reported declines in the proportion of assets considered "inadequate."
The sharpest decreases were in chemicals and primary metals, where declines
over the year were also recorded.
Petroleum firms were an exception to
the general movement and reported an
increase in the "inadequate" category.
Nonmanufacturing Outlays
Aggregate investment by nonmanufacturing companies is expected to total
$41.2 billion, up $3% billion or 9%
percent from 1968. Among the component industry groups, projected expansions range from 5 percent for
nonrail transportation and commercial
firms to 19 percent for communications.
Programed spending for the group as a
whole showed little change between the
February and May surveys but was
reduced 2% percent by August.
Utility programs lowered
Both electric and gas utilities have
reduced 1969 investment programs from
those announced early in the year.
However, electric companies still expect to spend $9K billion, more than
one-eighth above the 1968 total. Spending is expected to rise to a record rate
in the third quarter and to hold near
that level in the fourth. Gas companies
are anticipating only a moderate gain
over last year's outlays, with investment expected to decline substantially
during the second half.
Starts of new investment projects by
utilities declined over $1 billion, seasonally adjusted, in the 3 months
ending June 30 to register the second
SURVEY OF CURRENT BUSINESS
13
Table 2.—Starts and Carryover of Plant and Equipment Projects, Manufacturing and
Public Utilities
[Billions of dollars]
Carryover 2
Starts i
Annual
1966 1967 1968
Manufacturing
._
. .
1968
I
1969
III
II
IV
I
1968
1969
Mar. June Sept. Dec. Mar.
II
June
28.79 25.49 27.68 6.51 6.64 6.97 7.56 7.74 8.01 18.24 18.38 18.72 18.75 20.28 20.94
16.17 12.69 13.99 3. 26 3.39 3.40 3.94 3.86 4.12 10.72 10.89 10.92 10.90 11.50 11.80
Durable goods 3
Primary metals
3.98 2.65 3.15 .84 .64 .90 .77 .68 .67 4.08 3.96 4.02 3.81 3.78 3.64
Electrical machinery
1.50 1.24 1.35 .30 .41 .24 .40 .42 .51 1.00 1.10 1.04 1.06 1.19 1.36
Machinery, except electrical- 3.10 3.02 2.68 .63 .59 .60 .86 .87 .90 1.05 1.00
.95 1.01 1.20 1.33
Transportation equipment. _ 3.22 2.24 2.90 .67 .70 .78 .76 .73 .88 2.72 2.82 2.95 3.04 3.15 3.31
Stone, clay, and glass
.83 .58 .96 .18 .31 .22 .24 .32 .32
.32
.45
.50
.64
.52
.61
Nondurable goods 3
Food and beverage
Textile
Paper
Chemical. _ Petroleum ._ _ .
Public utilities
12.62 12.80 13.69 3.25 3.25 3.56 3.62 3.88 3.88
1.29 1.46 1.48 .32 .46 .36 .34 .42 .57
1.11 .78 .86 .14 .19 .26 .27 .20 .29
1.33 1.61 1.78 .65 .46 .26 .40 .52 .39
3.37 2.46 2.85 .68 .74 .65 .78 .78 .96
3.91 4.92 4.97 1.05 1.02 1.60 1.31 1.50 1.21
-
7.52
.77
.37
1.11
1.92
2.64
7.80
.83
.44
1.09
1.95
2.84
7.49
.85
.37
1.18
1.95
2.48
7.85
.82
.51
1.09
2.01
2.75
8.78
.89
.53
1.25
2.15
3.21
9.15
1.03
.59
1.20
2.37
3.18
10.68 13.92 14.63 4.62 3.41 2.23 4.38 5.89 2.88 16.62 17.07 16.34 17.44 20.67 20.17
Seasonally adjusted
Manufacturing
Public utilities
18.08 18.22 19.35 19.79 20.63 21.28
6.58 6.59 7.80 7.16 7.89 7.98
Durable goods
Nondurable goods
3.27 3.44 4.00 3.66 3.96 4.26 10.70 10.93 11.52 11.70 11.91 12.33
3.31 3.15 3.80 3.50 3.93 3.72 7.38 7.29 7.83 8.09 8.71 8.95
...
3.26 3.92 3.04 4.48 4.22 3.10
15.43 16.43 16.75 18.23 19.19 18.99
1. Starts are estimated by adding changes in carryover to expenditures during the given period.
2. Carryover refers to expenditures yet to be incurred on plant and equipment projects already underway at end of period.
3. Includes industries not shown separately.
Sources: U.S. Department of Commerce, Office of Business Economics, and the Securities and Exchange Commission.
Table 3.—Manufacturers' Evaluation of Their Capacity
[Percent distribution of gross capital assets]l
1966
Dec.
31
Mar.
31
19 39
1968
1967
June
30
Sept.
30
Dec.
31
Mar.
31
June
30
Sept.
30
Dec.
31
Mar.
31
June
30
More plant and equipment needed:
All manufacturing 2
._
Durable goods
Primary metals 3
Metal fabricators
Nondurable goods 2 _._
- Food and beverage ..
Chemical
Petroleum.
_
47
49
54
51
44
45
88
22
45
45
48
48
45
42
80
27
45
44
42
49
46
40
76
37
46
45
43
49
47
45
75
37
43
38
31
43
49
42
78
39
40
39
35
47
40
38
67
27
41
41
41
44
41
41
65
29
45
44
44
46
45
49
71
32
47
45
41
49
49
54
58
40
48
46
41
49
49
46
72
39
4i
4(
3(
4<
4(
4;
5t
41
48
44
32
46
52
47
11
76
50
48
38
49
51
50
19
71
50
49
43
48
51
54
22
62
49
48
42
48
51
50
23
62
52
55
53
54
49
53
20
60
55
53
50
49
58
57
31
72
53
50
44
51
56
53
33
70
50
48
41
50
52
45
27
67
48
48
45
48
48
41
40
59
47
47
44
48
48
49
25
60
5',
5
5(
4!
5
5;
4;
5*
5
7
14
3
4
8
1
2
5
7
14
3
4
8
1
2
5
7
15
3
3
6
2
1
5
7
15
3
2
5
2
1
5
7
16
3
2
5
2
1
5
8
15
4
2
5
2
1
6
9
15
5
3
6
2
1
5
8
15
4
3
6
2
1
5
7
14
3
3
5
2
1
5
7
15
3
3
5
3
1
About adequate:
All manufacturing..2
Durable goods
Primary metals
Metal fabricators 3
.
Nondurable goods 2
Food and beverage. _
Chemical
Petroleum
..
...
Existing plant and equipment exceeds
needs :
All manufacturing 2
Durable goods
Primary metals 3
Metal fabricators
Nondurable goods 2
Food and beverage _ _
Chemical
Petroleum
i
14r
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.
Sources: U.S. Department of Commerce, Office of Business Economics and the Securities and Exchange Commission.
<
:
]
SUEVEY OF CURRENT BUSINESS
14
successive quarterly decline. The cost
of projects initiated in the second quarter
of this year—$3.1 billion—was also
well below the cost of starts in the
corresponding quarter of 1968.
For utilities as a group, the carryover of expenditures to be made on
investment projects underway had been
rising steadily since early 1964, but in
the second quarter of 1969 carryover
showed no further rise. The end of June
figure was $19 billion as compared with
$19.2 billion 3 months earlier; it was
$2% billion higher than at the end of
June 1968.
Transportation and other programs
Capital outlays by the railroads,
which showed little change from the first
to the second quarter, are scheduled to
rise sharply in the third quarter but
to decline in the fourth. However, the 10
percent rise now projected for the full
year is substantially less than the
30 percent increase scheduled early
this year. The lowering of investment
sights during 1969 is due entirely to
equipment programs; programed expenditures for road construction have
been raised since the February survey.
The proposed repeal of the investment
tax credit has had a severe impact on
freight car acquisition programs.
Nonrail transportation companies reduced their investment sights very
substantially during the last 3 months.
A 5 percent increase is now expected
instead of the 12 percent rise scheduled
earlier. Actual outlays declined in
the second quarter but a recovery back
to the first quarter seasonally adjusted
rate is expected by the fourth quarter
of this year.
The reductions in 1969 programs were
general throughout the nonrail transportation group, but the largest cutbacks
occurred among airline and trucking
companies. Airlines are now expecting outlays to be only 3 percent higher
than last year after rising 12 percent
from 1967 to 1968. The previously
anticipated decline from the first to
September 1969
the second quarter was somewhat
sharper than scheduled, but an increase
in spending is expected in the third and
fourth quarters.
As noted earlier, the communications
industry is one of the strongest sectors
in the 1969 investment picture. The 19
percent expansion from 1968 to 1969
reflects attempts to catch up with the
sharply rising demand for new and
broadened communication services. A
steadily rising trend in capital outlays
is projected throughout the year.
Expenditures for new plant and
equipment by the commercial group in
the second quarter of this year were
about the same as anticipated 3 months
earlier. This group is also holding its
anticipations for the second half close
to its previous programs as companies in
retail trade, services, and finance are
maintaining previous plans while wholesale trade and construction firms are
reducing programs. All commercial
groups are expecting outlays to rise in
the second half.
Table 4.—Expenditures for New Plant and Equipment by U.S. Business
Quarterly, unadjusted
Annual
All industries
Manufacturing industries
I
II
1969
1968
1967
1967 1968 19692
Quarterly, seasonally adjusted annual rates
III
IV
I
II
III
IV
I
II
1967
III 2
IV 2
I
II
III
1968
IV
I
II
1969
III
IV
I
II
III 2
IV 2
61.66 64.08 70.85 13.59 15.61 15.40 17.05 14.25 15.86 16.02 17.95 15.21 17.73 18.16 19.76 61.65 61.50 60.90 62.70 64.75 62.60 63.20 65.90 68.90 70.20 72.25 72.10
26.69 26.44 29.68 6.10 6.81 6.48 7.30 5.79 6.50 6.63 7.52 6.21 7.35 7.56 8.57 27.85 27.00 26.15 26.00 26.35 25.80 26.65 26.85 28.20 29.30 30.45 30.55
Durable goods industries
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 glass3
Other durable goods
13.70 13.51 15.43 3.08 3.46 3.33 3.82 2.96 3.22 3.37 3.95 3.26 3.83 3.91 4.43 14.20 13.75 13.50 13.50 13.65 12.80 13.65 13.90 15.00 15.35 15.80 15.50
2.31 2.36 2.19 .48 .58 .56 .69 .49 .55 .62 .71 .50 .56 .55 .59 2.35 2.35 2.25 2.30 2.35 2.25 2.45 2.35 2.45 2.25 2.15 2.00
.90 .90 1.00 .20 .23 .23 .24 .20 .21 .23 .27 .21 .25 .24 .29
.90 .90 .95 .85 .90 .85 .95 .95 .95 1.00 1.00 1.05
Nondurable goods industries. -Food and beverage.-- _
Textile
Paper
Chemical _ . . . Petroleum
Rubber
Other nondurable goods 4
13.00
1.41
.89
1.64
2.88
4.65
.49
1.04
No n manufacturing industries
Mining .. .
Railroad
Transportation, other than
rail_
Public utilities
Communication
Commercial and other 5
1.24 1.27 1.41
2.95 2.76 3.20
1.66 1.46 1.79
.27
.70
.38
.30
.78
.45
.30
.71
.41
.37
.76
.42
.27
.66
.34
.31
.64
.36
.31
.65
.38
.38
.80
.38
.28
.67
.37
.35
.78
.44
.34
.78
.50
.44
.97
.48
1.25 1.20 1.25 1.25 1.25 1.30 1.25 1.30 1.35 1.45
3.15 3.15 3.00 2.60 2.95 2.60 2.75 2.75 3.00 3.10
1.80 1.70 1.55 1.60 1.60 1.35 1.45 1.45 1.70 1.70
1.40 1.45
3.25 3.35
1.95 1.80
1.09 1.01 1.13
.73 .71 1.09
2.83 3.03 3.64
.24
.20
.61
.26
.18
.68
.27
.16
.69
.32
.18
.85
.21
.14
.66
.24
.18
.72
.26
.18
.75
.29
.22
.91
.24
.23
.75
.28
.29
.89
.32 .29
.27 .30
.92 1.08
1.10 1.05 1.10 1.15 1.00 .95 1.05 1.00 1.15 1.10
.90 .70 .65 .65 .60 .70 .70 .80 1.05 1.15
2.70 2.65 2.80 3.15 2.95 2.85 3.00 3.25 3.40 3.60
1.25 1.00
1.10 1.05
3.70 3.80
12.93
1.41
.75
1.47
2.69
4.87
.62
1.11
14.25 3.02 3.34 3.15 3.48 2.82 3.28 3.25 3.57 2.95 3.52 3.64 4.14 13.70 13.25 12.65 12.55 12.70 13.00
1.62 .33 .39 .35 .34 .30 .38 .38 .35 .35 .42 .43 .42 1.45 1.45 1.40 1.35 1.30 1.40
.91 .21 .23 .22 .23 .17 .19 .19 .20 .18 .23 .23 .26
.95 .90 .85 .85 .80 .75
1.75 .40 .42 .42 .40 .32 .39 .35 .40 .35 .44 .43 .52 1.90 1.70 1.65 1.40 1.45 1.55
3.03 .70 .76 .69 .72 .61 .72 .64 .72 .64 .74 .75 .90 3.20 3.00 2.85 2.55 2.75 2.85
5.20 1.02 1.17 1.11 1.35 1.07 1.17 1.24 1.40 1.05 1.23 1.34 1.57 4.65 4.70 4.45 4.75 4.85 4.70
.50 .50 .45 .50 .55 .60
.67 .11 .13 .12 .14 .12 .15 .17 .19 .15 .17 .17 .19
1.08 .24 .25 .26 .30 .24 .28 .28 .31 .22 .28 .28 .29 1.05 1.00 1.05 1.10 1.05 1.10
13.20 13.95 14.60 15.05
1.55 1.55 1.70 1.65
.95 .95
.85 .90
1.60 1.75 1.70 1.90
2.90 2.85 3.10 3.20
4.70 5.05 5.35 5.60
.70 .70
.65 .65
1.00 1.15 1.10 1.05
34.97 37.64 41.17 7.49 8.80 8.92 9.75 8.46 9.36 9.39 10.43 9.00 10.38 10.60 11.19 33.80 34.50 34.70 36.70 38.40 36.80 36.50 39.00 40.70 40.90 41.80 41.55
1.42 1.42 1.56
1.53 1.34 1.47
3.88
9.88
5.91
12.34
.32
.41
.34
.41
.37
.35
4.31 4.52 .70 1.12 .98
11.54 12.74 1.84 2.46 2.66
6.36 7.55 1.35 1.49 1.46
12.67 13.33 2.87 2.99 3.09
.34
.30
.35
.30
.36
.32
1.07 .98 1.04 1.12
2.92 2.33 2.97 2.96
1.62 1.48 1.51 1.50
3.39 2.93 3.11 3.18
1.18
3.28
1.86
3.46
1.06
2.66
1.68
2.91
.39
.36
.36
.37
.36
.36
1. Data exclude expenditures of agricultural business and outlays charged to current
accounts.
2. Estimates are based on anticipated capital expenditures reported by business in late
July and August 1969. The estimates for the third quarter and fourth quarter of 1969 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 twothirds of the last 9 years.
3. Includes fabricated metal, lumber, furniture, instrument, ordnance, and miscellaneous
industries.
13.05 12.95
1.50 1.40
.75 .75
1.35 1.50
2.65 2.60
4.95 4.95
.65 .70
1.10 1.10
.41
.35
.41
.40
.38
.40
1.40 1.30 1.45 1.50 1.55 1.40 1.35 1.35 1.55 1.65
1.80 1.55 1.40 1.40 1.65 1.40 1.20 1.15 1.35 1.35
1.60 1.45
1.70 1.50
1.14 1.12 1.20 3.05 3.90 4.10 4.45 4.35 3.65 4.60 4.80 4.80 4.00 4.65 4.85
3.38 3.35 3.34 9.20 9.70 9.80 10.65 11.60 11.65 10.90 12.00 13.05 13.20 12.70 12.20
1.86
/ 5.75 5.80 6.05 6.05 6.35 5.90 6.15 6.95 7.25 7.40 J21. 20 21.55
3.23 J5.31 5.88 \12. 55 12.25 11.95 12.65 12.85 12.80 12.35 12.75 12.75 13.30
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, 1966, 1967, 1968, and
1969 issues of the SURVEY.
Sources: U.S. Department of Commerce, Office of Business Economics, and the Securities
and Exchange Commission.
September 1969
15
SURVEY OF CURRENT BUSINESS
October through December. These increments compare with expansions of
about $1 billion per quarter in 1968
and $1K billion in each of the first
two quarters of 1969. Metal fabricators
are chiefly responsible for the larger
inventories expected in the current
quarter, but scheduled fourth quarter
additions are more widespread.
Manufacturers' Inventory and Sales Expectations:
Third and Fourth Quarters, 1969
MANUFACTURERS look for a large Inventory expectations
sales gain in the current quarter but
Manufacturers expect to add $2.3
Nondurable goods producers plan
only a moderate further rise in the billion to inventories this quarter and
fourth. Inventory additions are ex- about an equal amount the next. to add $700 million to stocks from
pected to be substantial in both These increases would be the largest midyear to yearend, with $500 million
quarters. Should these expectations since 1966 when the quarterly accumu- of this increase programed for the
materialize, the resultant stock-sales lation rate reached about $2.7 billion fourth quarter. The expected inventory
expansion in the second half of 1969
ratio at the end of 1969 would exceed in the last three quarters.
is
only slightly larger than the $600
the ratios for each quarter of 1968 and
Durable goods producers, the main million increase in the first, but it
the first half of 1969. These expectations contributors to the inventory buildup
were reported in the survey conducted last year and in the first half of 1969, falls substantially below the 1968 rates
in August by the Office of Business are planning even larger additions to of $850 million for the first half and
$1 billion for the second.
Economics.
stocks during the remainder of the
Although firms who considered their year. They anticipate increases of over
If manufacturers' projections for
stocks "high" accounted for a slightly $2 billion from July through September inventories and sales are realized,
larger proportion of total manufac- and somewhat under $2 billion from September 30 stocks would be equivaturers' inventories at midyear than on
March 31 or at the end of 1968, such
companies reported their holdings to
be excessive by only small amounts.
Manufacturers' Inventory and Sales Expectations
Sales projections
9
Manufacturers anticipate a sales rise
of 2.7 percent this quarter, to be followed by a further increase of only 0.6
percent in the fourth. Manufacturers'
shipments rose about 1% percent in
each of the first two quarters of this
year, as compared with an average
quarterly advance of 3 percent in the
first half of 1968 and 2 percent in the
second half of 1968.
Both durable and nondurable goods
producers are more optimistic about sales
in the third quarter than in the fourth.
Durable goods producers expect sales
to rise 3 percent this quarter and less
than 1 percent next. The projected increase for the second half as a whole
would about match the increases in the
first half of this year and the second of
last year.
Nondurable goods producers anticipate third and fourth quarter rises of
about 2 percent and one-half of 1
percent, respectively. Second quarter
sales were up 3 percent, following a
1 percent decline in the first. Sales were
stronger last year, with gains ranging
from 2 to 4 percent per quarter.
* In fourth quarter, inventory accumulation continues unabated but sales rise slackens
Sizable inventory addition and matching sales gain in third quarter
NONDURABLE GOODS MANUFACTURERS
DURABLE GOODS MANUFACTURERS
Ratio
2.5
I
Ratio
2.0
I
Stock-Sales Ratio
1.5
2.0
1.0
1.5
1961
63
65
67
69
1961
Seasonally Adjusted
o Expectations
U.S. Department of Commerce, Office of Business Economics-
63
65
67
69
SURVEY OF CURRENT BUSINESS
16
lent to 1.71 months of sales, about
unchanged from December 31, 1968,
and June 30, 1969. However, the yearend ratio would rise to 1.74, as inventories would reach a record $96.8
billion while final quarter sales would
total $167.2 billion.
Inventory condition, June 30
On June 30, firms who considered
their stocks "high" relative to sales
and unfilled orders held 21 percent of
all manufacturers' inventories. This
ratio, which was 18 percent at the end
of last year, has been slowly rising this
year. More than three-fourths of producers' stocks were categorized as
"about right" on June 30; the "low"
group continued at 2 percent.
Durable goods companies holding 22
percent of this group's stocks judged
their inventories "high" on June 30, up
from 19 percent at the end of last year
and 21 percent on March 31 of this year.
This is a reversal of the declining
trend in the "high" ratio during 1967
and 1968.
The "high" proportion for nondurable goods producers' stocks, which was
16 percent on December 31, 1968,
edged up to 17 percent on March 31
and 18 percent on June 30, 1969. This
ratio had been relatively stable in 1968.
Amount of inventory imbalance,
June 30
Starting with the December 31, 1968,
period, manufacturers who classified
their stocks as "high" or "low" have
been asked to specify the amount by
which their inventories were out of
balance.
Inventory Imbalance
Inventory
excess
Net excess
Inventory
deficiency
Amount Percent
of total
inventories
(Billions of dollars)
All manufacturers:
Dec. 31, 1968
Mar 31 1969
June 30 1969 -
1.73
1.87
1.96
0.25
.16
.24
1.48
1.71
1.72
1.7
1.9
1.9
Durable goods:
Dec. 31, 1968
Mar. 31, 1969
June 30, 1969
1.19
1.31
1.35
.20
.12
.18
.99
1.19
1.17
1.7
2.0
1.9
.54
.56
.61
.05
.04
.06
.49
.52
.55
1.6
1.6
1.7
Nondurable goods :
Dec. 31, 1968
Mar. 31, 1969
June 30, 1969
Producers who judged their inventories "high" or "low" together held 23
percent of manufacturers' stocks on
June 30. The imbalances reported by
these companies were very small: exces-
Table 1.—Manufacturers' Inventories and Sales: Actual and Anticipated
September 1969
sive stocks were equivalent to $1.96
billion, while stock deficiencies came to
$0.24 * billion. The net imbalance of
$1.72 billion, which is less than 2 percent of stocks held by all manufacturers, is about the same as the figure
reported on March 31, and is only
slightly larger than that reported on
December 31, 1968.
Excessive inventories were held principally by durable goods producers, who
indicated a net excess of $1.17 billion or
less than 2 percent of stocks held by all
durable goods producers. Nondurable
goods firms estimated their net excess
at $0.55 billion or 1.7 percent.
The net excess of stocks on June 30
was about 10 percent of inventories
held by those companies reporting imbalances. About one-third of these companies had imbalances of 5 percent or
less; one-third, 6 to 10 percent; onefourth, 11 to 20 percent. Less than onetenth reported imbalances of over 20
percent.
Table 2.—Manufacturers' Evaluation of the
Condition of Their Inventories 1
[Percentage distribution]
Non-
Durables
Total
durables
o£
sw 33
3
•s fs
*
5 <c
W
h
*%
|
|
§
l
Mar. 31, 1963
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
16
June 30, 1964
13
Sept. 30, 1964
14
Dec. 31, 1964....... 13
82
84
82
84
2
3
4
3
17
16
15
15
81
81
81
82
2 14
3 9
4 11
3 9
84
88
84
87
2
3
5
4
Inventories, end of quarter
Mar. 31, 1965
Unadjusted
June 30, 1965
Sept. 30, 1965
16
16
16
15
81
80
81
82
3
4
3
3
20
20
22
19
77
77
76
78
3 9
3 10
2 8
3 8
87
85
88
88
4
5
4
4
June 30, 1966
Sept. 30, 1966
15
18
22
28
81
78
75
70
4
4
3
2
18
21
27
33
79
75
70
65
3
4
3
2
10
13
14
18
85
83
83
79
5
4
3
3
June 30, 1967
Sept. 30, 1967
31
31
27
25
68
67
69
72
1
2
4
3
37
36
34
31
62
63
63
67
1
1
3
2
20
20
15
15
78
76
81
81
2
4
4
4
June 30, 1968
Sept. 30, 1968
25
25
24
18
72
72
73
80
3
3
3
2
31
31
28
19
66
67
70
79
3
2
2
2
15
16
16
16
82
80
79
82
3
4
5
2
June 30, 1969
20
21
78
77
2 21
2 22
77
76
2 17
2 18
82
80
1
2
[Billions of dollars]
June 30, 1963.
1969
1968
1967
Sept. 30, 1963
Dec. 31, 1963
Mar. 31, 1964
I
All manufac turing
Durables
._
Nondurables
II
III
IV
I
II
III
IV
I
II
III 2
IV 2
80.7
51 6
29 0
81.3
52 3
29 0
81.0
52 3
28 8
82.6
53 2
29 3
84.3
54 6
29 7
85.8
55 8
30 0
86.4
56.1
30 3
88.2
57.0
31 2
90.9
59.3
31 6
92.5
60.9
31.6
93.7
62.2
31.5
96.5
64.0
32.5
80 1
51 3
28 8
81.1
52 0
29 1
81 7
52 6
29 1
82 8
53 5
29 3
83 8
54 3
29 5
85 6
55 4
30 1
87. 1
56 5
30 7
88.6
57 4
31 2
90.3
59 0
31 3
92.2
60 5
31.7
94.5
62 6
31 9
96.8
64 4
32.4
Seasonally adjusted
All manufacturing . .
Durables
Nondurables
Sales, total for quarter
Dec. 31, 1966
Mar. 31, 1967
Dec. 31, 1967
Mar. 31, 1968
Unadjusted
All manufacturing
Durables _ _ - . . .
Nondurables _
134 8
73 7
61.1
139 7
77 3
62.4
135 0
73.6
61 4
135 6
73.8
61 8
133 6
71 6
62.0
140 4
77 1
63.4
137 4
75 3
62 0
140 7
77 0
63 7
144 9
80 5
64.4
153 8
85 7
68.1
148 3
78.7
69.6
156 7
86.0
70.7
158 6
88.7
70.0
166 6
93.4
73.2
161 3
87.6
73.7
167.4
93.6
73.8
Seasonally adjusted
All manufacturing
Durables
Nondurables
Dec. 31, 1965
Mar. 31, 1966
.. . _
145 2
80.5
64 8
149 5
82.0
67 5
152.7
83.0
69 7
156.6
85.5
71 1
159 2
88.8
70 4
161.8
89.4
72 5
166.2
92.4
73 8
167.2
93.0
74 2
1. All actual data have been adjusted to conform with the recent revision by the Bureau of the Census (Report M3-1.1)'
2. Anticipations reported by manufacturers in August 1969. 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.
Dec. 31, 1968
Mar. 31, 1969
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 companies' classifications of their inventory condition.
NOTE.—Due to change in survey questionnaire, data
starting December 31, 1968, are not strictly comparable to
prior data.
Source: U.S. Department of Commerce, Office of Business
Economics.
September 1969
SURVEY OF CURRENT BUSINESS
Plant and Equipment Expenditures by Foreign
Affiliates of U.S. Corporations, 1968-70
PLANT and equipment expenditures
abroad by foreign affiliates of U.S.
corporations are expected to increase
12 percent from 1968 to 1969—up
substantially from earlier projections
for this year—and an additional 18
percent from 1969 to 1970. Last year,
foreign plant and equipment expenditures totaled $9.3 billion. The 1 percent
rise over 1967, a reduction from earlier
anticipations, was the smallest yearto-year advance since the boom in
these expenditures began a decade ago.
If present plans for next year materialize, the rise in plant and equipment expenditures will again approach
the 20 percent average annual increase
that prevailed during the years 196466. The expected recovery this year and
next, like the overall slowdown of 1968,
is centered in manufacturing, especially
in Western Europe and Canada.
These data are universe estimates
based on reports received by the Office
of Business Economics in June and
July of this year from about 500 major
U.S. corporations with foreign affiliates.
transportation equipment, who plan to
increase expenditures more than 20
percent in 1969 and 26 percent in 1970,
following a decline of 22 percent last
year. The machinery industry, after
an 8 percent cutback last year, is also
planning a substantial expansion this
year and in 1970, much of it related to
the introduction of more advanced
computers and office equipment in
Western Europe. In contrast, affiliates
in the chemical industry, which maintained the same level of spending last
year as in 1967, now anticipate a cutback of about 17 percent in 1969. A
contributing factor to this year's decline is the near-completion of several
large projects. However, in 1970, plans
for significant expansion, essentially all
17
in Western Europe, will raise total
spending by the chemical industry some
13 percent over 1969.
U.S.-owned affiliates in the petroleum
industry have reported relatively large
growth in expenditures over the 3-year
period covered by the survey. Following
an increase of 10 percent in 1968, these
affiliates are projecting additional gains
of 17 percent in 1969 and 15 percent in
1970. A substantial portion of the expansion in all 3 years can be attributed
to actual and planned additions to
tanker fleets.
Outlays in the mining and smelting
industry are expected to rise more than
12 percent in 1969, after a similar
rise in 1968. The increases for both
years have been concentrated in Latin
America. Estimates for 1970 indicate
that further expansion of total outlays
for the industry will be held to only
2 percent. This slowdown, mostly in
Latin America, may reflect growing uncertainty among major U.S. investors
following recent political developments
in Peru and Chile.
CHART 9
Expenditures for Plant and Equipment by Foreign Affiliates of U.S. Companies
Billion $
(Ratio scale)
Billion $
20
20
BY INDUSTRY
BY AREA
10
10
Industry patterns
Manufacturing affiliates abroad are
now expected to increase their expenditures by 7 percent in 1969 and to lead
all other industry divisions with a
further increase of 23 percent in 1970.
Manufacturing was the only industry
group to report a decline in outlays
in 1968—about 8 percent; the reduction
was confined to Western Europe and
Canada. However, substantial increases
in these areas are planned for both
1969 and 1970.
With the exception of the chemical
industry, the major manufacturing industries expect considerable increases
in plant and equipment expenditures
in both 1969 and 1970 after cutbacks
last year. The most dramatic of these
shifts has been made by producers of
360-735 O - 69 - 3
8
Total
Total
Manufacturing
,
X
,
Petroleum
.. *f
Other Industries -
Other Areas
Mining and Smelting
1
1957
1
59
I
1
61
1
I
63
I
I
65
I
I
67
1
1
I
69
1957
NOTE.—1969 obtained by multiplying 1968 by change in "C" estimate. 1970 obtained by
multiplying 1969 by change in "A" estimate. See note to table 1.
U.S. Department of Commerce, Office of Business Economics
1
I
59
1
1
61
i
i
63
I
i
65
1
1
67
1
1
69
o Anticipated
SUKVEY OF CUERENT BUSINESS
18
ever, the decline is expected to be
reversed
this year, with gains reported
With sharp reductions in both the
in
all
industries.
In 1970, a new surge
manufacturing and petroleum indusin
investment
in
manufacturing, espetries, plant and equipment expenditures
in Common Market countries dropped cially in Germany, is projected to raise
almost 20 percent in 1968, considerably total spending in Common Market
more than previously anticipated. How- countries by 25 percent, a rise about
Geographic patterns
September 1969
equal to the increases of 1965 and 1966.
The 1968-70 spending pattern in the
Common Market is paralleled in other
European countries, where an 8 percent
decline in 1968 is expected to be
followed by increases of 4 percent in
1969 and 23 percent in 1970. In these
Table 1.—Estimates of Plant and Equipment Expenditures by Foreign Affiliates of U.S. Corporations by Area and Industry Division—
Summary of Surveys l
[Millions of dollars]
1965
1966
E
E
A
B
C
D
E
A
B
C
D
E
A
B
C
All areas, total . . . .
Mining and smelting
Petroleum
Manufacturing _ -.
Other industries.. - .. .. - ...
7,440
629
2 277
3 884
650
8 640
789
2 526
4 583
741
9 115
637
2 937
4 803
738
10 069
839
3 334
5 098
798
10,023
931
3 295
5 013
783
9,463
903
3 080
4 724
755
9 267
920
3 000
4 525
823
9 773
761
3 432
4 840
739
10,692
1,067
3 610
5 216
799
10,516
1,086
3 558
5,008
864
9,717
1,033
3 441
4 426
817
9,346
1,033
3 285
4 178
850
10,385
1,018
3 520
4 925
922
11 448
1,208
4 025
5 241
974
11 795
1 223
4 152
5 346
1 074
12 245
1 034
4 065
6 073
1 073
Canada, total
Mining and smelting
Petroleum
Manufacturing _ _ ..
Other industries
1,847
212
503
944
188
2,357
297
649
1 174
237
2,081
188
570
1 132
191
2,273
274
600
1 163
237
2,360
332
650
1 122
256
2,227
306
625
1 064
233
2,233
332
636
1 001
264
2,053
240
616
963
234
2,229
375
670
933
251
2,262
401
681
911
269
2,129
371
645
854
259
2,120
340
669
846
265
2,269
286
707
1 015
261
2,295
350
664
998
284
2 474
358
722
1 081
313
2 581
314
720
1 242
306
Latin America, total
Mining and smelting
_.._..
Petroleum
Manufacturing
• ..Other industries
.. ...
-------
1,073
160
307
459
147
1,092
229
268
451
143
1,250
193
391
516
150
1,434
288
366
624
156
1,441
298
380
591
172
1,339
287
368
526
159
1 282
288
306
505
183
1,603
335
475
642
150
1,923
454
491
775
204
1,742
409
410
706
217
1,674
419
421
623
211
1,666
456
415
574
220
1,835
485
441
679
230
2,158
561
564
761
271
2 195
556
622
716
301
1 887
411
548
637
291
Europe :
Common Market, total
. . . __
Mining and smelting
Petroleum
_
Manufacturing
.. -.. .. . _ _ - _. .. .. ..
Other industries _
1,418
2
306
1,042
68
1,853
3
434
1,331
85
2,024
1
482
1,452
90
2,245
4
623
1,531
88
2,216
2
582
1,538
93
2,093
3
528
1,472
90
2,124
3
582
1,438
100
2,193
3
565
1,533
92
2,233
2
528
1,595
107
2,097
3
491
1,489
114
1,842
3
448
1,288
103
1,711
3
395
1,195
118
2,149
3
588
1,430
128
2,238
3
636
1,481
118
2,323
3
582
1,584
153
2,686
4
614
1,905
163
1,222
2
297
818
106
1 400
4
344
913
141
1,667
2
459
1 034
173
1 764
g
583
999
175
1,755
4
558
1 044
149
1,626
4
524
952
147
1 508
5
463
894
146
1,621
6
473
1 Oil
131
1,696
6
507
1 048
135
1,721
7
558
1,010
146
1,498
7
499
857
135
1,397
7
439
817
134
1,695
4
475
1,064
151
1,782
2
466
1 154
160
1 792
9
485
1 136
162
2 085
9
519
1 369
189
1,880
252
864
621
143
1,938
257
832
714
135
2,093
253
1 036
669
135
2,352
266
1 161
782
142
2,252
295
1 125
719
114
2,178
305
1 036
711
127
2,121
293
1 012
687
130
2,304
177
1 303
691
134
2,612
229
1 414
865
104
2,695
266
1,418
891
119
2,574
234
1 428
804
108
2,452
227
1 367
746
112
2,438
240
1,309
737
152
2,976
292
1 696
848
141
3 Oil
297
1 741
829
144
3,005
297
1 664
920
124
. . .. ..
..
_. _ . .
Other Europe total
Mining and smelting
Petroleum
M anuf acturing
Other industries -
.
Other areas, total
Mining and smelting
Petroleum
M anuf acturing
Other industries
1. A.
B.
C.
D.
E.
1967
1968
1969
1970
A
NOTE—Details may not add to totals because of rounding.
Source: U.S. Department of Commerce, Office of Business Economics.
Estimated in June of previous year.
Estimated in December of previous year.
Estimated in June of current year.
Estimated in December of current year.
Actual—reported in June of following year.
Table 1A.—Estimates of Plant and Equipment Expenditures by Foreign Affiliates of U.S. Corporations, by OFDI Schedule Area and
Industry Division—Summary of Surveys
[Millions of dollars]
1965
1966
E
E
1967
A
B
1968
C
D
E
A
1970
1969
B
C
D
E
A
B
C
A
AH Schedules, total '
5,595
6,282
7,034
7,796
7,664
7,236
7,034
7,721
8,464
8,254
7,589
7,225
8,116
9,154
9,321
9,664
Schedule A, total
Mining and smelting
Petroleum .
Manufacturing .. .._
Other industries
1,743
209
638
658
238
1,787
271
574
718
225
1,951
244
785
699
223
2,194
332
790
824
249
2,212
351
838
778
245
2,056
332
736
747
242
1,990
333
688
714
255
2,465
375
1,075
783
231
2,724
489
1,003
970
262
2,592
452
975
880
285
2,493
449
1,008
755
281
2,456
484
988
703
281
2,846
516
1,097
906
327
3,302
604
1,329
1,003
366
3,286
614
1,385
905
381
3,116
483
1,406
869
358
2 026
147
714
1,069
96
2 124
185
692
1, 153
94
2 450
182
891
1,269
109
2 699
201
1,088
1,299
110
2,638
219
1,021
1,307
91
2,523
234
1,000
1,194
95
2,374
222
935
1,113
104
2,492
119
1,002
1,287
83
2,906
171
1,243
1,423
69
2,950
200
1,249
1,406
95
2,695
194
1,173
1,250
78
2,543
187
1,100
1,170
87
2,579
187
952
1,348
92
3,043
227
1,213
1,513
90
3,109
215
1,282
1,512
101
3,212
200
1,146
1,771
95
1,826
62
422
1,213
129
2,371
36
612
1,538
185
2,633
23
692
1,703
215
2,903
32
856
1,812
202
2,814
30
787
1,806
191
2,657
32
720
1,720
185
2,670
33
741
1,697
200
2,764
28
738
1,807
191
2,834
32
695
1,890
217
2,712
33
653
1,810
216
2,401
20
615
1,566
200
2,226
23
529
1,458
216
2,691
28
765
1,656
242
2,809
28
820
1,727
234
2,926
37
763
1,848
278
3,336
37
792
2,192
315
__
Schedule B total
Mining and smelting.- .. ..
Petroleum
M anuf acturing
Other industries _
Schedule C, total
Mining and smelting . _
Petroleum
_
Manufacturing
Other industries _
-
. __
..
See table 1 for other notes.
1. Does not include Canada.
For a listing of the countries in each schedule area, see Foreign Direct Investment Regulations (15 CFR 1000.319 F.R. 49) or reprints of the regulations dated July 20, 1968, Office
of Foreign Direct Investments, U.S. Department of Commerce, Washington, D.C. 20230.
Source: U.S. Department of Commerce, Office of Business Economics.
SURVEY OF CUEEENT BUSINESS
September 1969
countries, too, the prime factor behind
the anticipated increases for this year
and next is the substantial rise in inPercent Change in Plant and Equipment
Expenditures by Foreign Affiliates of
U.S. Corporations
Projected
Actual
1965-66 1966-67 1967-68 1968-69 1969-70
Total
16
7
il
U2
18
25
11
18
21
19
17
19
-1
16
4
12
10
-8
0
-8
13
17
7
-17
20
2
15
23
13
28
By industry
Mining and smelting.
Petroleum
M anuf acturing
Chemicals
- - Machinery
Transportation
equipment
Other manufacturing
Other industries
11
-18
-22
21
26
21
14
-7
10
-6
3
11
24
26
16
28
2
23
31
15
3
-5
17
12
15
8
9
-5
30
-15
-20
-7
16
9
26
8
11
4
12
14
3
24
25
23
23
12
3
4
30
12
11
12
13
3
23
7
-17
13
27
5
8
19
9
25
24
By area
Canada
Latin America
Europe total
Common Market -_
Other Europe
Other areas
By OFDI schedule
All schedules, total 2 .
Schedule A
Schedule B
Schedule C
1. The last survey made in December of last year, anticipated a 3 percent increase in 1968 and a 7 percent increase in
1969.
2. Excludes Canada.
19
current year, but the rapid growth of
total outlays in Latin America, in
progress since 1967, is not expected to
be maintained in 1970. Although an
additional large increase in expenditures
is anticipated in the petroleum industry,
it is expected to be largely offset by
reduced spending in the mining and
smelting and manufacturing industries.
vestment planned by manufacturers.
Although expenditures in all of Western
Europe accounted for only 33 percent
of the global total in 1968, current
expansion plans would bring that share
back to the 1967 level of 39 percent by
1970.
Canadian affiliates reduced capital
outlays 5 percent in 1968, about the
same decrease that occurred in 1967.
As in the European countries, increased
expenditures by manufacturing affiliates
are expected to lead to a rise in total
outlays this year. Further gains in all
major industries are expected to result
in an overall rise of about 14 percent
for 1970. Even if these prospective
gains are realized, however, Canada's
share of total plant and equipment
expenditures will fall to a new low of
21 percent for both 1969 and 1970.
In Latin America, intensified exploration and development in the extractive
industries raised the level of total
capital expenditures by 30 percent in
1968 to almost $1.7 billion, very close
to total expenditures in the Common
Market last year. An additional increase of 26 percent is planned for the
Relationship to the OFDI program
Plant and equipment expenditures
grouped by country schedules established by the Office of Foreign Direct
Investment (OFDI) are presented in
table 1A. Schedule A countries, primarily less developed areas, recorded a
23 percent increase in 1968 and expectations point to additional gains of 27
percent this year and 9 percent in 1970.
Schedule B countries showed a gain of
7 percent in 1968 and anticipate increases of 5 percent this year and 25
percent in 1970. Schedule C countries,
which include most of continental
Western Europe and South Africa, reported a substantial cutback in spending for 1968—about 17 percent. Current
estimates indicate that, after an in-
Table 2.—Estimates of Plant and Equipment Expenditures by Foreign Manufacturing Affiliates of U.S. Corporations by Area and Major
Industry Division—Summary of Surveys
[Millions of dollars]
1966
E
E
A
B
3 884
861
882
873
1 267
4 583
1 040
1*046
966
1 531
4 803
1 319
l' 151
982
1 350
5 098
1 386
1 208
989
1 515
5 013
1 374
1 204
949
1 487
4 724
1 294
1 154
852
1 425
4 525
1 210
1 088
795
1 432
4 840
1 352
1 214
819
1 455
5 216
1 488
1 261
906
1 561
5 008
1 433
1 209
815
1 550
944
225
114
224
381
1 174
221
186
255
513
1 132
240
155
270
468
1 163
213
174
278
497
1 122
239
194
250
439
1 064
194
192
247
432
1 001
166
190
234
411
963
254
153
176
380
933
205
164
223
341
911
180
158
201
372
854
166
132
201
356
846
158
131
195
363
459
151
66
73
168
451
143
65
72
171
516
170
65
118
163
624
213
78
120
213
591
166
80
108
237
526
160
80
86
200
505
150
78
88
188
642
213
83
105
241
775
237
93
143
302
706
208
94
143
261
623
198
82
114
229
1 042
147
389
278
228
1 331
275
444
373
239
1 452
387
555
255
255
1 531
415
568
261
287
1 538
444
577
253
264
1 472
432
541
252
248
1 438
427
511
245
255
1 533
355
621
245
312
1 595
381
630
256
328
1 489
352
602
211
325
Other Europe, total
Chemicals
Machinery _ ...
Transportation equipment
Other manufacturing
818
174
193
180
270
913
187
220
191
315
1 034
264
239
240
290
999
239
256
219
284
1 044
252
230
223
338
952
220
219
165
348
894
210
202
134
349
1 Oil
226
228
202
355
1 048
261
237
162
389
Other areas, total
Chemicals
Machinery ..
Transportation equipment _ _
Other manufacturing. -
621
164
120
118
219
714
213
132
75
294
669
258
137
99
175
782
305
132
111
234
719
273
122
115
208
711
289
122
102
198
687
258
107
94
228
691
304
129
91
167
865
404
137
123
201
All areas, total
Chemicals
Machinery
Transportation equipment
O ther manufacturing
Canada, total
Chemicals.
Machinery _. _ . _
Transportation equipment
Other manufacturing
Latin America, total.
Chemicals
Machinery
.
Transportation equipment
Other manufacturing ..
Europe :
Common Market, total
Chemicals
Machinery _ ... _.
Transportation equipmentOther manufacturing
See table 1 for notes.
..
1968
1967
C
D
E
A
B
C
1970
1969
1965
D
E
A
B
C
A
5,241
1 186
1 365
1 036
1,654
5,346
1 193
1 449
986
1,718
6,07
1 26
1 66
1,27
1,87
1,015
207
195
262
352
998
181
186
248
383
1,081
178
214
251
438
1,24
19
22
36
45
574
179
86
90
219
679
230
109
109
231
761
224
123
151
264
716
220
115
145
237
63
14
12
14
21
1 288
319
535
166
269
1,195
313
486
146
249
1,430
249
591
267
323
1,481
251
617
269
344
1,584
322
654
263
345
1,90
36
77
32
44
1 010
267
240
137
366
857
235
212
96
314
817
210
203
86
318
1,064
158
283
250
373
1,154
197
285
233
438
1,136
217
290
193
435
1,36
28
34
27
47
891
427
115
123
227
804
397
110
106
192
746
348
98
100
201
737
278
123
128
208
848
334
154
136
224
829
256
176
134
263
92
27
20
15
28
4 426
1 314
1 069
683
1 359
4 178
1 208'
l' 003
617
1 350
4,925
1 122
1 301
1 015
1,488
Source: U.S. Department of Commerce, Office of Business Economics.
20
SURVEY OF CUEEENT BUSINESS
crease of 8 percent this year, expenditures in these countries will rise about
24 percent in 1970.
As has been noted in previous SURVEY
articles (see September 1968 and March
1969), changes in plant and equipment
expenditures are not necessarily closely
related to the operations of the program restraining direct investment.
The main aim of the program has been
to reduce capital outflows from the
United States by increasing reliance on
capital raised abroad for financing these
expenditures. Thus, although the 1968
decline in spending in the Schedule C
countries, where controls are most
stringent, occurred in the same year
that mandatory controls were imposed,
economic conditions in Western Europe expenditures in the Schedule C counvery possibly played the major role in tries in 1969 and 1970.
the reduction. Industrial production in
Western Europe showed little growth Technical note
from about mid-1966 to mid-1967.
Eeports on plant and equipment
Assuming a time lag between changes
expenditures
for a given year are filed on
in economic conditions and changes in
five
different
occasions at 6-month
investment outlays, this period of relaintervals.
The
final
report, which is filed
tively little growth may have been the
time when the basic decisions to cut 6 months after the close of the year,
back expenditures in 1968 were made represents expenditures actually made
by U.S. direct investors. Similarly, the in the preceding year. Each of the first
accelerated increase in economic activ- four reports, on the other hand, is
ity in most major Western European based on mixtures of various types of
countries that began in 1968 probably basic information available to corporate
played a significant role in the formu- officials, such as appropriations, conlation of the investment plans that are
expected to result in increased capital
(Continued on page 35}
September 1969
Table 3.—Estimates of Plant and Equipment Expenditures by Foreign Manufacturing and Petroleum Affiliates of U.S. Corporations,
by Area and Country—Summary of Surveys
[Millions of dollars]
All areas, total
Manufacturing
1965
1966
E
E
1967
B
A
1968
D
C
1970
1969
E
A
B
C
D
E
A
B
C
A
3,884
4,583
4,803
5,098
5,013
4,724
4,525
4,840
5,216
5,008
4,426
4,178
4,925
5,241
5,346
6,073
944
459
101
78
145
135
1 174
451
91
100
124
136
1 132
516
107
160
114
135
1 163
624
126
185
136
177
1 122
591
108
164
148
171
1 064
526
98
161
128
138
1 001
505
100
131
133
141
963
642
142
183
136
181
933
775
130
242
215
188
911
706
111
246
191
158
854
623
81
225
172
145
846
574
71
191
182
130
1 015
679
167
206
154
152
998
761
150
252
184
175
1 081
716
149
241
179
147
1 242
637
140
196
160
141
1,860
113
243
508
110
68
657
160
2,243
186
288
581
125
151
698
214
2,485
156
348
657
162
129
801
232
2,529
205
341
643
162
180
746
252
2,582
216
377
546
180
220
810
233
2,424
217
375
518
160
202
713
239
2,332
200
371
518
150
198
643
252
2,544
217
396
589
179
152
761
250
2,643
178
453
577
218
169
778
270
2,499
169
437
503
218
162
721
289
2,145
149
349
444
182
164
608
249
2,012
152
306
423
166
147
582
236
2,494
110
406
573
211
130
845
220
2,634
118
434
577
202
150
924
229
2,719
115
418
645
193
213
885
250
3,274
141
505
863
210
187
1,079
289
88
45
43
94
39
55
58
32
26
80
50
30
90
58
32
66
40
26
73
42
31
62
46
16
70
55
15
74
58
16
59
45
14
64
51
13
39
31
8
58
41
17
63
50
13
76
50
26
Asia, total- - Middle East
Far East
India
Japan . _
Other countries
291
11
280
66
168
46
327
23
303
91
153
59
377
111
266
81
126
60
422
115
307
69
165
74
371
64
307
38
182
87
403
60
343
38
188
117
400
62
338
50
190
98
376
104
272
43
172
57
486
116
370
60
226
84
522
144
378
35
251
92
485
146
339
28
239
72
440
111
329
25
227
77
456
74
382
90
195
98
522
77
445
79
251
115
491
49
275
108
516
31
485
58
306
121
Oceania, total
Australia
Other countries
242
231
11
294
278
15
235
230
5
280
274
6
258
252
6
241
234
7
214
208
6
254
244
11
309
300
9
295
290
5
260
257
3
242
238
4
241
235
6
267
261
6
276
269
7
329
320
9
Canada, total
Latin America, total
Argentina _
Brazil. .
Mexico
Other countries
Europe,total
_
B elgium and Luxembourg
France
Germany.
Italy
Netherlands .
United Kingdom.
_.
Other countries
Africa, total...
_
Republic of South Africa
Other countries
Petroleum
59
432
2,277
2,526
2,937
3,334
3,295
3,080
3,000
3,432
3,610
3,558
3,441
3,285
3,520
4,025
4,152
4,065
Canada, total
Latin America, total
Venezuela.
Other Western Hemisphere _ _. .
Other countries
503
307
130
61
116
649
268
101
58
109
570
391
169
70
152
600
366
147
80
139
650
380
150
85
145
625
368
126
87
155
636
306
103
55
148
616
475
224
88
163
670
491
235
88
168
681
410
185
46
179
645
421
184
59
178
669
415
175
68
172
707
441
227
53
161
664
564
268
114
182
722
622
289
156
177
720
548
231
128
189
Europe, total
Belgium and Luxembourg
France _ _
Germany
Italy
Netherlands.. . .
United Kingdom.. .
Other countries
.
603
26
75
97
75
33
177
120
778
41
96
172
87
39
163
180
940
46
90
183
106
57
250
208
1,206
42
130
251
101
100
348
234
1,140
55
72
280
102
72
332
227
1,052
55
54
243
93
83
315
209
1,045
101
61
251
93
77
289
173
1,038
34
103
205
119
104
290
183
1,036
33
85
159
111
140
334
174
1,049
36
79
145
112
120
368
188
947
34
66
128
102
119
308
190
834
35
62
131
86
82
282
156
1,063
33
95
211
138
110
286
190
1,102
44
94
214
148
135
272
195
1,068
58
95
192
135
103
281
204
1,133
125
94
205
120
70
288
231
Africa, total
Asia, total
Middle East
Far East w ...
284
440
233
207
289
425
206
219
442
463
249
214
469
511
270
241
450
527
263
264
427
466
195
271
382
457
191
266
544
463
177
286
616
521
206
315
559
613
213
400
537
585
188
397
515
541
185
356
417
585
175
410
629
635
183
452
662
610
162
448
592
639
197
442
74
66
69
49
70
61
107
74
72
76
74
69
80
94
131
166
150
127
129
118
125
181
116
196
151
157
164
268
165
303
135
299
All areas, total
Oceania, total
International shipping
See table 1 for notes.
Source: U.S. Department of Commerce, Office of Business Economics.
By ROSE N. ZEISEL
The Workweek for Production Workers
in the Private Economy
JLjABOR market conditions have remained very tight so far in 1969. The
unemployment rate, although a little
higher in recent months than last
winter, has averaged less than in 1968,
which recorded the lowest annual average since 1953. Although the expansion
in employment since the spring has been
less rapid than the exceptional increases
of late 1968-early 1969, it is still sizable
by most standards, and the August
year-over-year gain was very large.
The average workweek in the private
nonfarm economy has been as high
this year as last, a significant development in view of the steady annual
decreases in the 3 preceding years.
Because of data limitations, the
study of hours in the shortrun traditionally has been confined largely to
manufacturing. A more comprehensive
analysis is now possible as a result of
the availability of data for the total
private nonfarm economy. This article,
focusing on changes in recent years,
reviews the behavior of weekly hours
of production workers l in the private
nonfarm sector and attempts to provide
explanations of this behavior in the
light of recent economic developments
and longrun trends in the average
workweek.
Major conclusions
While average weekly hours for
production workers in manufacturing
have fluctuated with no apparent trend
NOTE.—The author gratefully acknowledges the cooperation of the Bureau of Labor Statistics, U.S. Department of
Labor, in providing data for this article.
1. Average weekly hours, compiled by BLS, are derived
from establishment payroll records and relate to average
hours for which pay was received. Data cover production
workers in mining and manufacturing; construction workers
in contract construction; and nonsupervisory workers in
wholesale and retail trade; finance, insurance, and real
estate; transportation and public utilities; and services.
Although the workweek displays a
distinct cyclical pattern, it is one of
relatively modest dimensions. Preceding
recessions of 1948-49, 1953-54, and
1957-58, the workweek (based on
quarterly averages) declined by
amounts ranging from about threequarters of an hour to about 1% hours.
It generally rose sharply in the first year
or so of the subsequent recoveries,
slowed down thereafter reaching peaks
that were below those attained in
preceding upturns, and then fell back.
The cyclical pattern of average
weekly hours has appeared less distinct
in the 1960's, partly because of the
character of the 1960-61 downturn and
recovery and partly because of the
exceptional length of the expansion.
Average hours fell 0.7 in the mild
recession of 1960-61, and in the first
year of upturn, relatively little—only
0.3 hour—of the earlier decline was
recovered. Subsequently, instead of
decreasing after several quarters of
recovery, hours remained on an extended plateau as a result of the
strengthening in the labor demand that
accompanied the sustained expansion in
the economy. Indeed, from late 1961 to
early 1966, average weekly hours for
the total private nonfarm economy
varied within the extremely narrow
limits of 38.7 and 38.8 (quarterly
averages) with only two exceptions:
38.6 in the first quarter of 1964 and
Private Nonfarm Sector
38.9 in the first quarter of 1965, a
The most prominent feature of aver- strike-recovery quarter.
In 1966, average hours began to
age hours in the private nonfarm
decline
sharply as the intense demand
economy in the postwar period is the
pressures
of late 1965-early 1966
strong negative trend, which is a conabated.
The
average dropped from
tinuation of a movement dating back
38.8
in
the
first
quarter of 1966 to 38.4
more than a century. From 1947 to
in
the
fourth
and
continued to decline
1969, the workweek declined 2% hours,
in
1967.
The
decrease
was very proor more than 0.1 hour per year (chart
nounced
in
the
first
quarter
of 1967
10).
21
in the postwar period, weekly hours in
nonmanufacturing have exhibited a
strong downward trend, due almost
entirely to sharp declines in retail trade
and services. The quite steady drop in
hours in the total private nonfarm
sector, even in years of economic
expansion like 1966 and 1968, is a
reflection of these strong negative
movements. The study points out that
the reduction in the average workweek
in retail trade and services reflects the
increased relative importance of parttime workers; collective bargaining and
Government regulations affecting the
workweek have also contributed to this
change. At the same time, a shift in the
employment mix to industries with a
lower-than-average workweek has been
responsible for about one-fourth of the
decline in average weekly hours in the
private nonfarm sector over the postwar
years.
In manufacturing, the analysis reveals that average overtime hours and
straight time hours moved roughly
together through 1962. Overtime hours
have continued to be subject to rather
pronounced cyclical fluctuations, but
straight time hours have shown a small
but fairly steady weakening since 1965.
The study suggests that this small
reduction in straight time hours is
probably an aspect of a full employment
economy.
SUKVEY OF CUEEENT BUSINESS
22
coincident with the leveling in real
GNP, but in subsequent quarters of
that year, hours fluctuated on a plateau
slightly below the first quarter level.
For 1967 as a whole, hours averaged
38.0, 0.6 below the previous year, for
the sharpest annual decline since 1949.
Although the year 1968 was one of
vigorous economic expansion, the workweek continued to vary within a narrow
range, on the average about 0.2 lower
than in the previous year. Since early
1968, average hours have shown almost
no change on a quarterly basis. At 37.8
for the first 8 months of 1969, the
average workweek for production and
related workers in the private nonfarm
sector has been about 1 hour less than
it was over the extended period from
late 1961 to early 1966, during which
the length of the workweek was stable.
Nonmanufacturing
As indicated above, the marked
downward movement in average weekly hours in nonmanufacturing industries accounts for the negative trend
in hours for the private nonfarm sector
as a whole. This downward trend in
nonmanufacturing has been so strong
that increases in the workweek have
been mild and very brief. On an annual
basis, increases occurred only in 1951,
1955, 1959, and 1963, and ranged from
0.1 to 0.2 hour; the first 3 of these were
years of strong expansion in economic
activity.
Two industries, retail trade and
services, account for more than half of
the employment in the private nonmanufacturing sector and consequently
exert considerable influence on hours
for all nonmanufacturing industries
combined. The remainder of nonmanufacturing is divided in roughly equal
proportions among wholesale trade,
transportation and public utilities,
finance, and construction; mining employment accounts for only 1 percent
of the nonmanufacturing total.
It is clear from chart 11 that most
of the postwar decline in the workweek
is accounted for by retail trade and
services. Among the other nonmanufacturing industries, downward trends
have either been very weak, as in
wholesale trade and finance, or absent,
as in construction, and (except for the
very early post war years) transportation.
CHART 10
1
Average Weekly Hours of Production Workers in Private Nonfarm Industries
Hours
42
Manufacturing
40
September 1969
The workweek in mining, which is not
illustrated, showed an atypical pattern—an increase—over the postwar
years.2
The downtrend in average hours in
nonmanufacturing was greatly accentuated from 1965 to 1968. For example,
in the fourth quarter of 1964, weekly
hours in nonmanufacturing averaged
37.9 but, by the first quarter of 1968,
had dropped 1.4 hours to 36.5. This
rate of decrease was about 2)^ times as
rapid as the rate over the entire
postwar period when, on the average,
the nonmanufacturing workweek declined less than 0.2 hour per year.
Most of the nonmanufacturing industries contributed to this 1965-68 decrease with almost steady year-to-year
reductions, but declines were unusually
sharp for retail trade and services.
So far in 1969, hours in most nonmanufacturing industries have firmed
and are somewhat higher than they
were in 1968. An important exception
is retail trade, where the pronounced
reduction in the length of the workweek
has continued. Demand for labor in
private nonmanufacturing industries
has been generally strong in 1969.
The average level of employment in
these industries from January through
August (seasonally adjusted) has been
1.34 million above the average for
the full year 1968, and has already
exceeded the largest previous fullyear gain—the 1.27 million increase
from 1965 to 1966. Moreover, so far
this year, unemployment rates in nonmanufacturing industries have been
as low as or lower than they were in
1968, when most rates fell to levels
not seen since the Korean war.
Total
Effect of changing employment mix
The factors accounting for the decline
in the workweek are discussed below
but first it should be pointed out that
the changing composition of employment, primarily the increased relative
importance of nonmanufacturing industries, has contributed to the decline in
average weekly hours for the private
38
Nonmanufacturing
36
I
1947
49
I
51
}
53
i
I
55
57
59
61
i
i
63
i
65
Annual
1. Includes nonsupervisory workers in nonmanufacturing. *Annual, 8 month average; 3d qtr., July-August average.
U.S. Department of Commerce, Office of Business Economics
67
69*
1966
67
68
69*
Quarterly,
Seasonally Adjusted
Data: BLS; nonmanufacturing derived by QBE
69-9-10
2. The estimates of the workweek in services and transportation (including public utilities) are based on very
limited samples of certain component industries in these
divisions, and are not published.
September 196$
sector as a whole. From 1947 to 1968,
production worker employment in
nonmanufacturing industries increased
sharply as a proportion of all production
worker employment—from 62 to 69
percent. Employment in retail trade
and services rose from 32 percent of the
total in 1947 to 41 percent in 1968.
Since these two important industry
groups have the lowest average weekly
hours of any major sector, the shift in
favor of these industries has made a
considerable contribution to the reduction in overall hours.
To measure the impact on hours
resulting from the changed industrial
composition of employment, the data
were standardized for employment distribution in 1947 and 1957, years of
relatively high employment. Assuming
the employment distribution in 1968
was unchanged from 1947 (weighting
1968 hours by 1947 production worker
employment), it appears that about
one-fourth or 0.6 hour of the 2% hour
decline over these 21 years was the
result of the shift in the relative importance of the industries. Weighting
1968 hours by the 1957 employment
distribution shows that employment
changes in the 11 years since 1957
accounted for 0.3 of an hour or more
than one-third of the reduction in the
average length of the workweek.
SURVEY OF CURRENT BUSINESS
about 25 percent of wholesale and
retail workers and 24 percent of finance
and service workers were persons on
part-time schedules working less than
35 hours a week; these ratios were
considerably above the 1957 proportions of 17 percent and 20 percent.
More than half of the wage and salary
workers added to trade industries since
1957 were part-timers and in recent
years the proportion has been substantially larger.3
Several studies of hours in specific
industries by the Bureau of Labor
Statistics reveal similar findings. More
than 37 percent of employees working
in department stores in 1966 were on
part-time schedules as compared with
3. BLS data on part-time workers for years prior to 1966
adjusted by OBE for comparability with later data.
23
26 percent 10 years earlier. In food
stores, about 41 percent of the employees worked under 35 hours in 1966
as compared with 33 percent a decade
earlier. More recent studies of service
industries also showed substantial increases in short-week workers in the
past few years. In June 1963, less
than 20 percent of the employees in
laundry and drycleaning establishments
were on part-time schedules; in April
1968, almost 30 percent. In hotels
and motels, the ratio jumped from 25
percent in June 1963 to 34 percent in
April 1967.
Both supply and demand factors
account for the increased importance of
part-time employees. In the tight
labor market of the last several years,
low paying industries like retail trade
CHART 11
1
Average Weekly Hours in Selected Nonmanufacturing Industries /
Hours
42
40
x Retail Trade
38
36
Increase in part-time workers
Several forces have been influential
in reducing the length of the workweek
in retail trade and services. The standard workweek has been shortened both
by contract negotiations, primarily
early in the postwar period, and by
legislation, especially in more recent
years. The maximum hours provisions
of the 1961 amendments to the Fair
Labor Standards Act as well as State
wage-hour regulations have led to substantial reductions in overtime hours.
In recent high employment years, other
factors, such as labor turnover and
absenteeism, may also have reduced
the average workweek.
Possibly the most important aspect
of the reduction in the average workweek in retail trade and services has
been the increased importance of parttime workers. For example, in 1968
34
42
40
Wholesale Trade
Contract Construction
38
36
Finance, Insurance, and Real Estate
I
1947
49
51
53
1. Nonsupervisory workers.
• Eight month average.
o Six month average.
U.S. Department of Commerce, Office of Business Economics
55
57
59
I
61
I
i
63
65
67
69
* Seasonally Adjusted
Data: BLS
69-9-11
SURVEY OF CUEEENT BUSINESS
24
and many service industries—laundries
and drycleaning establishments, for
example—have had difficulty in retaining and attracting full-time workers.
These industries have turned increasingly to the employment of women, a
large proportion of whom are available
only for part-time work. In 1964,
women accounted for some 47 percent
of all employees in retail trade and
services; since then, they have accounted for about 60 percent of the
growth in employment in these two
industries.
Aside from supply considerations,
demand for part-time labor has also
increased. In retail trade, the employment of part-time workers appears to be
a deliberate policy of department stores
and other retail establishments to increase man-hour productivity and hold
down costs, while adjusting shopping
hours to accommodate changing consumer demands. The growth of suburban shopping has increased the importance of evening hours and Saturdays; demand for labor is heaviest at
these times as well as in the middle of
September 1969
the day. Government regulations concerning overtime premiums may also
have encouraged the replacement of the
long-week worker by two short-week
workers. Another stimulus to the employment of part-time workers in retail
trade and other industries is the saving
in the cost of fringe benefits, such as
sick leave, vacation, and holiday pay,
which are generally not paid to parttime personnel; some of these savings,
it should be noted, may be partly offset
by the higher hourly costs of unemployment insurance and workmen's com-
I CHART 12
Average Weekly Hours, Overtime, and Straight Time for Manufacturing Production Workers
Hours
Hours
44
TOTAL MANUFACTURING
Average Weekly Hours
42
(Left Scale)
40
38
Straight Time Hours,
(Left Scale)
\ , , , i , . , l , , i i
36
44
DURABLE GOODS MANUFACTURING
42
40
38
' l ' ' ' i ''
36
' l
_jO_
i i i i I i i i I
I i i i i
i I i i iI
I i i i I i i i I
42
NONDURABLE GOODS MANUFACTURING
40
38
36
I
1947
49
51
53
J_
55
I
I
57
I
59
61
63
65
67
69*
Seasonally Adjusted
*3d qtr., July-August average. Note.—Shaded areas are recession periods as designated by the National Bureau of Economic Research.
U.S. Department of Commerce, Office of Business Economics
Data: BLS; straight time derived by QBE
69-9-12
September 1969
pensation. Because of these considerations, the larger retail establishments in
particular now consider it less costly to
employ a small basic full-time staff and
to "lay on" part-timers to cover peak
periods.
Types of part-time workers
Who works on part-time jobs? There
are three major groups: persons who
voluntarily choose to work a short
week, such as housewives and students—"voluntary" part-time workers;
persons who work part-time for economic reasons, such as those unable to
find full-time work—"economic" parttime workers; and persons who work
on two or more jobs—moonlighters.
The typical moonlighter holds a fulltime and a part-time job.
The statistics on voluntary and
economic part-time workers are based
on household interviews obtained from
a monthly survey of the population and
cover hours actually worked during
the survey week. Although these data
supplement the hours data cited on
pp. 21 to 23, they are not strictly
comparable because of differences in
definition and coverage. Average weekly
hours discussed earlier in the article
are based on payroll records of private
nonfarm establishments and cover production workers7 hours paid for by
employers during the reporting week.
Neither the household nor the establishment data provides information on
the moonlighter on a regular basis. In
the regular household survey, the
multiple jobholder is counted only
once; the number of hours worked on
all jobs is credited to the one at which
he works the greatest number of hours.
In the establishment data, the person
who works in more than one establishment during the reporting period is
counted each time his name appears on
the payroll, but how many workers
hold more than one job cannot be
determined from this information. Information on moonlighting comes primarily from occasional supplementary
questions to the household survey.
Voluntary part-time workers
The number of voluntary part-time
employees in nonfarm industries has
increased steadily in the past decade to
Digitized for 360-735
FRASER
0-69-4
SURVEY OF CURRENT BUSINESS
25
a high of 7.6 million in 1968, almost
How important moonlighters are in
double the number in 1957; estimates relation to other groups as a source of
for 1969 indicate continued strong part-time work is difficult to detergrowth to about 8 million. As a share mine. The moonlighter may hold more
of total nonfarm wage and salary than one part-time job whereas the
employees at work, they rose from 8.0 voluntary part-time worker holds a
percent in 1957 to 12.1 percent in 1968 single job. If we consider the number of
and possibly 12.5 percent in 1969. Of part-time jobs held by moonlighters, it
particular importance is the fact that can be roughly estimated that in May
these short-week workers accounted for 1966 moonlighters accounted for about
more than one-fourth of the total one-third as many short-week jobs as
employment increase from 1957 to 1968. did the voluntary part-time workers.
The proportion has risen in recent It is important to note that average
years. From 1957 to 1965, voluntary hours worked by moonlighters on their
part-timers accounted for 25 percent of second job are considerably lower than
the rise in the number of nonfarm wage those worked by voluntary part-timers.
and salary workers; from 1965 to 1968,
the proportion increased to 29 percent.
Manufacturing
This sharp gain in voluntary partThe manufacturing workweek, which
time employment, it may be noted, was
is
one of the best-known "leading inreduced by a decline in the number of
dicators"
in business cycle analysis,
workers who were employed part-time
shows
no
strong
evidence of trend in the
for economic reasons. While the former
postwar
period,
but
has a clearly defined
group has risen steadily in the past
cyclical
pattern
(chart
12). Based on
decade, the latter group has shown a
quarterly
data,
decreases
in average
pronounced decline—19 percent over
hours—from
their
peak,
which
preceded
the period from 1957 to 1968. Consethe
recession,
to
their
trough,
which
quently, the share of total part-time
occurred
during
the
recession—ranged
workers—both economic and voluntary—in the nonfarm wage and salary from about 1 to 2 hours for the four
worker total rose from 12.0 percent postwar economic downturns. As shown
in the chart, the data reveal a pattern
to 14.6 percent in those 11 years.
of sharp recovery in the first year after
Moonlighting
the recession trough, followed by a relThe moonlighter is generally a young atively stable period of varying length.
married man with children. He has a
The behavior of average weekly hours
full-time primary job and moonlights in the first stages of the recovery period
on the average about 13 hours a week early in the 1960's resembled the exin another line of work. In 1966, over perience in previous recoveries, but the
40 percent of those persons in second- ensuing increase in hours was conary nonfarm jobs who were not self- siderably longer than in other postwar
employed were in services and finance, upturns because of the unparalleled exand over one-fourth were in trade. pansion in economic activity. After a
The average hours worked by moon- sharp rise from the first to the fourth
lighters on their second job in retail quarter of 1961, average weekly hours in
trade was 15 hours and in services and manufacturing remained relatively
finance, 10 hours.
stable at 40.5 for about 2 years. SubAccording to the Labor Department's sequently, the growth of the economy
most recent survey (May 1966) about brought pronounced increases in hours
3.6 million nonfarm wage and salary in 1964 and 1965. Hours peaked in the
workers or about 5 percent of all em- first half of 1966 at 41.5, the highest
ployed persons held two or more jobs, quarterly figure attained since World
slightly smaller than the proportions War II. The abatement of demand
of 1964 or 1965. Of the multiple job- pressures in the second half of 1966 and
holders, about 60 percent held part- the virtual leveling in real GNP in the
time secondary jobs and about 17 first half of 1967 brought about a rather
percent had part-time primary jobs as sharp reduction in the workweek (to
40.4) by the second quarter of 1967.
nonfarm wage and salary workers.
26
The recovery in manufacturing output
in the second half of 1967 was accompanied by some pickup in average hours,
which rose irregularly, reaching a high
of 40.8-40.9 in the second half of 1968.
Since that time the workweek has
fluctuated on a very high plateau in the
neighborhood of 40.6, almost an hour
below the peak reached during 1966.
SUEVEY OF CUEEENT BUSINESS
1965 average of 37.6. For the first 8
months of 1969 as a whole, overtime
continued at the 1968 level, but straight
time fell further, down to approximately 37.0 hours. Since May, overtime
has been very slightly below its level of
last fall and winter.
Straight time hours decline
The decline in straight time hours
since the first half of 1965 is not a
Straight time vs. overtime
reflection of changing industry mix.
Perhaps the most interesting aspect From the first quarter of 1965 to the
of changes in the manufacturing work- first quarter of 1969, straight time
week has been the divergent move- hours in durable goods declined 0.7
ments in straight time and overtime hour and in nondurable goods, 0.8
hours 4 since after the initial recovery hour. An examination of major indusperiod in 1961. Up to that time—data tries within these broad groups reveals
are available only since 1956—the two a widespread pattern of declining
components of the total tended to move straight time hours.
together but this has not been the case
The reasons for this decline in the
since 1962. Since that year, the broad current full employment economy are
contours of total weekly hours in difficult to ascertain. Unfortunately, it
manufacturing have been a reflection is not possible to examine the experience
primarily of the shifts in overtime hours of straight time hours in other periods
and not straight time hours. The latter of full employment because the data
have not exhibited any marked cyclical are not available prior to 1956. Schedpattern but have trended down after uled straight time hours have not been
an extended period of stability that reduced to any significant extent by
lasted until early 1965.
contract negotiations in recent years,
Both overtime and straight time and with some exceptions are about 40
contributed about equally to the sharp hours a week. The increase in third
recovery in average hours from late shift operations, in which hours are
1960 to late 1961. After a period of usually shorter than in earlier shifts,
stability that lasted about a year and a may also have contributed slightly to
half, overtime resumed its expansion the reduction of straight time hours.
and reached a peak of 4 hours in the Since the early sixties, the proportion
first half of 1966, when the Vietnam of manufacturing plant workers on late
defense buildup was especially rapid. shifts has risen from approximately 22
The steep decline in average hours in to 26 percent, according to Labor
the second half of 1966 and the first Department data.
half of 1967 was almost entirely the
Part-time work does not appear to
result of cutbacks in overtime although be a factor. On the contrary, although
straight time also showed a modest employment of voluntary part-time
dip in the first half of 1967.
workers in manufacturing has increased
In 1968, as the economy emerged sharply, this rise has been more than
from the 1967 setback, overtime showed offset by a decline in persons working
a partial recovery, returning to its 1965 part-time for economic reasons. If anylevel of 3.6 hours, but straight time thing, the overall decline in part-time
hours were 0.4 hours lower than the work has probably added a little to the
length of the average workweek in
4. According to BLS definitions, overtime hours cover
manufacturing.
hours worked by production or related workers for which
overtime premiums were paid because the hours were in
It seems probable that straight time
excess of the number of hours of either the straight time
is reduced in a full employment econwork day or the workweek. Weekend and holiday hours are
included only if overtime premiums were paid. Hours for
omy by a combination of several facwhich special premiums were paid, such as shift differentials,
tors that are less significant at other
are not included.
September 1969'
periods. Work schedules, for example,
are frequently interrupted under full
employment conditions because of
bottlenecks of various types. In addition, a full employment labor market
is characterized by increased turnover,
primarily because jobs are readily
available; turnover tends to reduce the
average workweek since establishment
statistics record only hours for which
pay is received. For example, if a
worker leaves his job during the week
of the employment survey and is not
paid for the balance of the week, he
will be counted as employed at less
than a full week. Or, if a holiday occurs
during the survey week, the new person
on the job who receives no pay for the
holiday is recorded as working a short
week. Absenteeism is also a problem.
A tight labor market brings employment to marginal workers who may not
fulfill the scheduled program of hours,
even though it means a loss of pay,
because they are unaccustomed to the
required routine of work.
Although it is not possible to quantify the effect of the above factors on
the workweek, the prevalence of some of
these factors in a full employment
economy can be demonstrated. The
rate of quits in manufacturing can be
used to measure turnover. Quits are
defined as formal terminations of employment initiated by workers, failure
to report after being hired and unauthorized absences of more than 7
consecutive days at the end of the month.
Quits rise in periods of tight labor
supply. The highest quit rates occurred
during World War II, when annual
averages rose above 6 per 100 employees. Quit rates have also risen
during other periods of strong expansion. They were relatively stable during
the years 1962-64 in the neighborhood
of 1.4, rose sharply to 2.6 in 1966, and
in the first half of 1969 averaged 2.7—
close to the high rates that prevailed
during the Korean war.
If the above analysis is correct, the
divergence in the patterns of overtime
and straight time hours in manufacturing is likely to continue as long as the
economy remains at full employment.
By WALTHER LEDERER and EVELYN M. PARRISH
The US. Balance of Payments: Second Quarter 1969
The dollars acquired by foreigners
J-jARGE changes in capital flows through their second quarter transacdominated the international transac- tions with the United States were
tions of the United States in the second attracted to foreign branches of U.S.
quarter. Major developments included banks; the branches, in turn, placed
a very large increase in the net outflow these funds with their parent banks in
of U.S. funds through U.S. private this country. In addition, U.S. banks
capital transactions and a very large through their foreign branches attractdecrease in inflows of foreign funds ed large amounts that had previously
through purchases of U.S. corporate been held in this country by foreign
securities and direct investments. In official organizations.
addition, foreign official and international agencies liquidated substantial
amounts of medium-term investments Major developments
in special U.S. Government securities
The large capital flows in the second
and U.S. banking obligations. Minor
changes that were also adverse occurred quarter reflected the tight credit condiin the balance on goods and services, tions and the sharp rise in interest
chiefly because of the rise in interest rates in the United States and anticipapayments to foreigners, and in the tions of revaluations of foreign curbalance on Government grants and rencies. They also reflected the peculiar
capital transactions, other than those in effects of domestic banking regulations
in this setting.
special securities.
Economic policy in the United States
designed to dampen inflationary pressures brought increasing tightness in
domestic financial markets. With reserve positions under pressure and loan
demand strong, U.S. banks intensified
their efforts to obtain dollar deposits.
Existing ceilings under Federal Reserve
regulations limited the rates U.S. banks
could pay on deposits in the United
States but imposed no such limitations
on interest rates paid on dollar deposits
obtained by their foreign branches.
Under these circumstances, U.S. banks
used their foreign branches to compete
for foreign funds, with the result that
interest rates paid on dollar deposits
and charged on dollar loans abroad increased more than in this country.
The widening spread in rates stimulated an outflow of dollar funds.
However, rather than finding use in
CHART 13
Balance of International Payments
Billion $
Billion $
6
BALANCE
CHANGE IN U.S. OFFICIAL
RESERVE ASSETS
(Increase + ; decrease —
CHANGE IN U.S. LIQUID
LIABILITIES
(Increase —; decrease -f- )
To Official Agencies2
Official Reserve Transactions Basis
,*'\
/^
\
\A
\
Surplus
Vx
/
Deficit
-2
-2
Liquidity Basis
. , I
J_
1967
1968
Seasonally Adjusted
1969
1967
1968
1969
1967
-6
1968
1969
1. Includes changes in gold, convertible currencies, and IMF gold tranche.
2. Includes certain nonliquid liabilities to foreign official agencies.
U.S. Department of Commerce, Office of Business Economics
27
SURVEY OF CUEEENT BUSINESS
28
foreign economies—which is what would
ordinarily be expected—these funds,
after being acquired by foreign branches
of U.S. banks, were returned to parent
banks for use in this country. Some of
that dollar outflow may be included in
recorded capital transactions, while
some is probably unrecorded and reflected in the relatively large amount of
"errors and omissions." The amounts
involved cannot be identified in the
available statistics and can be estimated
only roughly at best.
The exceptionally high interest rates
paid by U.S. banks on dollar funds
obtained through their foreign branches
or directly from foreign banks provided
investment opportunities for foreign
funds that might otherwise have been
invested in U.S. securities. This change
in investment opportunities, in combination with the unsettled conditions
and prospects in U.S. security markets,
contributed to an exceptionally large
decline in net foreign purchases of U.S.
securities.
There was also a large increase in the
outflow of capital reported by banks.
Part of the increase may have been
related to the rise in exports, part may
have involved credits to foreigners to
repay more expensive loans from the
Euro-dollar market, and some was
temporary and reversed early in the
third quarter.
To a large extent, these changes in
capital flows reflect the initial effects
of the domestic anti-inflation policies
and consequently may last no longer
than this phase of domestic economic
developments. Later on, some of these
changes in capital flows may be reversed, and current anti-inflation policies may be expected to contribute to
an improvement in the balance on goods
and services.
Foreign developments that stimulated U.S. investments abroad included
the continued rapid expansion of the
economies in some of the major continental European countries. This probably contributed to an increase in the
Table Al.—Balances of Major Transactions
[Millions of dollars]
1968
Line
Lines in tables 1 and 2 in which transactions
are included are indicated in ( )
1968
I
1969
III
II
IV
I"
UP
Change
I-II
1969
(Seasonally adjusted)
1 Balance on goods and services, excluding transfers under military grants (24) _
i 2, 581
Balance on nonmilitary merchandise trade
626
(3, 15) . Balance on travel (7, 18)
3
-1,252
4
Balance on military transactions (4, 16)
-3, 103
Balance on investment income (11, 12, 13,
5
21, 22)
i 4, 831
Private remittances, net, and U.S. Government pensions and other transfers (27, 30)
-1, 159
2
6
Private U.S. and foreign capital other than
liquid liabilities, net (32, 51-55) 1
941
8
Corporate capital (assets and liabilities)
-401
9
U.S. corporate capital (assets and liabilities) (table Dl) _
-720
Foreign direct investment in the United
10
319
States (51)
11
Security transactions (assets and liabilities)
(34-36, 52)i
_____
968
12
Claims and liabilities
reported by U.S.
262
banks (37, 38, 53)l
13
Claims and liabilities reported by broker113
age concerns (40, 55)
7
14
15
16
17
471
841
909
!366
363
124
-323
-797
264
-308
-763
313
-342
-737
-75
-279
-805
1,100
1,231
-276
283
-80
-103
-307
-786
-7
-315
-886
96
-8
-100
1,270 i 1, 233
1,228
1,057
-171
-274
-325
-271
-286
-15
555
228
126
-589
-555
-576
815
536
161 -1, 442
-772
-424
-1,603
-348
-23
-594
-599
-285
495
-661
-891
-230
251
5
23
41
237
119
-118
22
480
114
351
480
-199
-679
236
238
-83
71
-471
-542
69
-3
-10
-129
57
34
-34
Government grants -and capital, net (29, 42, 44,
-3,839 -1,075 -918 -1, 055 -791
-762
-927
56, 57) !
Grants (excluding military) and additions
-5, 347 -1, 426 -1, 365 -1,301 -1, 254 -1,118 -1,449
to assets (29, 42, 43) . 1
.
1,195
287
322
312
325
307
278
Loan repayments (44, 45)
_ _
Liabilities other than marketable or con64
-32
313
31
141
210
140
vertible securities (56, 57) 1
18
Errors and omissions (60) -
-642
19
Special financial transactions (table A2)1
2,285
172
20
Total of above transactions equals balance measured on liquidity basis
••168
-564
-410
-480
309
717
579
'9 ' -139
-60 -1, 239
-331
-13
179
-838
401
-502
-598
'862 -1,653 -3,711
-2,058
817
96
r
Revised.
» Preliminary.
1. Balances of major transactions exclude special financial transactions, which are listed separately in table A2.
NOTE.—Details may not add to totals because of rounding.
-165
September 1969
outflow of U.S. corporate capital net
of foreign borrowing.
Early in the quarter, large amounts of
capital were transferred to Germany
from the United States as well as from
other countries in anticipation of a revaluation of the mark. Initially, this
resulted in a large increase in German
official dollar holdings with adverse
effects on both the liquidity and the
official reserve transactions balance.
After the announcement on May 9 by
the German Government that the mark
would not be revalued, a large part of
the inflow into German official accounts
was reversed, partly reflecting special
Bundesbank transactions with German
commercial banks. This reversal favorably affected the balance measured on
the official reserve transactions basis.
Since a good part of the funds was
attracted to U.S. banks through their
foreign branches, there was no corresponding improvement in the liquidity
balance.
The Balances
On the liquidity basis, the second
quarter balance was in deficit by $3,711
million, seasonally adjusted. This was a
$2,058 million deterioration from the
already large $1,653 million deficit in
the first quarter.
The balance on the official reserve
transactions basis, in contrast, continued to show a surplus in the second
quarter. It was favorable by $1,243
million, seasonally adjusted, a slight
improvement from the $1,143 million
surplus in the first quarter.
Both balances reflect changes in
U.S. official reserve assets. The liquidity
balance also takes into consideration
the changes in liquid liabilities to all
foreigners, while the official reserve
transactions balance includes both liquid and certain nonliquid liabilities,
but only to foreign governments and
central banks.
Both measures of the balance of
payments reflect the extraordinary developments of the second quarter, which
to a large extent were temporary.
Therefore, neither measure can be used
to evaluate the underlying balance of
payments problem. The large increase
in the net outflow of U.S. capital, the
decline in the inflow of foreign capital
September 1969
other than liquid funds, and the
liquidation of medium-term assets by
foreign official organizations contributed to the unprecedented deficit
measured on the liquidity balance.
On the other hand, the large surplus
measured on the official reserve transactions basis reflected to a large extent
foreigners' purchases of dollars from
their central banks in order to take
advantage of the extremely high interest rates paid by U.S. banks on funds
obtained through their foreign branches.
It also resulted from the policy of
German monetary authorities to stimulate short-term capital outflows to the
Euro-dollar market in order to protect
their domestic economy from the effects
of a large trade surplus and the inflow
of foreign funds in anticipation of an
appreciation of their currency.
The second quarter liquidity balance
would have been substantially less
adverse if not for (1) the liquidation of
medium-term investments and other
special financial transactions of foreign
official, and international agencies,
which amounted to about $500 million
(table A2), and (2) recorded and unrecorded circular flows, which may have
amounted to several hundred million
dollars. But even after such adjustments, the liquidity deficit would have
been larger than in any previous
quarter. The official reserve transactions balance was not significantly
affected by these transactions.
SURVEY OF CURRENT BUSINESS
able trend in this account since early
1967; (2) an increase in official gold
holdings of $317 million, the largest
rise in the 1960's, when losses were
sustained in most quarters; (3) partially
offsetting these factors, a decline of
$246 million in U.S. holdings of convertible foreign currencies, reflecting
net repayments of previous drawings
by foreigners on mutual swap facilities
with the United States. Such drawings
were the major reason for the increase
of foreign currency holdings in the three
preceding quarters.
Liquid liabilities
Liquid liabilities to all foreigners increased $3,946 million in the second
quarter. This increase less the $299
million rise in reserve assets equaled the
$3,647 million liquidity deficit (all
figures before seasonal adjustment).
The major component in the increase in
liquid liabilities was the $4,567 million
29
increase in liquid liabilities to foreign
commercial banks. Over 90 percent of
this rise was to foreign branches of
U.S. banks (which are considered foreigners for balance of payments purposes) . Liquid liabilities to foreign
official agencies, on the other hand,
declined $556 million. (Liquid liabilities
to international and regional organizations rose $82 million and those to other
foreigners declined $147 million.)
The official reserve transactions surplus of $1,214 million (not seasonally
adjusted) in the second quarter consisted of the above-mentioned $556
million reduction in liquid liabilities to
official foreigners, plus a $359 million
decline in certain nonliquid liabilities to
official foreigners (mainly through their
liquidation of medium-term, nonmarketable Government bonds and of
medium-term certificates of deposits),
plus the $299 million increase in U.S.
reserve assets.
Changes in Major Transactions
THE changes in major types of transactions that contributed to the $2,058
million deterioration in the seasonally
adjusted liquidity balance are shown
in table Al. By far the largest part
of that deterioration—about $1,600
Table A2.—Changes in Near-Liquid Liabilities, Nonscheduled Repayments by Foreign
Governments of U.S. Credits, and Other Special Financial Transactions by U.S. and
Foreign Official and International Agencies
[Millions of dollars]
1968
Official reserve assets
U.S. official reserve assets increased
$299 million in the second quarter,
a favorable factor in calculating both
the liquidity balance and the official
reserve transactions balance. This increase in reserves was somewhat larger
than the $48 million increase in the
first quarter, although below the $1,076
million rise in the fourth quarter of
1968.
The $299 million rise in reserves in
the second quarter consisted of: (1) a
$228 million improvement in our gold
tranche position at the IMF (essentially, our automatic drawing rights)
as foreign countries drew dollars from
the IMF, a continuation of the favor
Line
Lines in tables 1, 2, and 8 in which transactions are included
are indicated in ( )
1967
Total:
.
Effect on balance measured on official reserve transactions
basis 2
1,004
2,285
-394
185
894
183
II
III
IV
172
717
579
817
96
—502
6
56
104
19
-15
34
535
62
116
-60
150
30
131
-19
138
111
—43
(*)
— 187
—11
200
1 050
100
48
500
22
125
250
35
200
230
—30
—250
—45
gional organizations (52)
_ .
121
Special deposits in accounts with U.S. Treasury by foreign
official agencies (56) . _ . . . . .
Nonscheduled repayments by foreign governments of U.S.
Government credits (including sales of foreign obligations to
foreigners) (45)
Other special financial transactions with Canada (34, 35, 36) ..
59
Liquidation of U.S. securities other than Treasury issues by
United Kingdom (Government and private) (52)
—453
Deferral of service on United Kingdom loan (13, 44)
118
-38
—41
78
119
184
—43
169
-13
-15
1 Effect on balance measured on liquidity basis 1
2
3
4
Investment in long-term time deposits or certificates of deposit in U.S. banks (53):
By foreign official agencies
By international and regional organizations
Investment in certain nonmarketable, medium-term U.S.
Government securities (57) :
5
By Canadian official agencies
6
By other official agencies
7
By foreign commercial banks
8 Investment in U.S. agency bonds by international and re9
10
11
12
13
1969
1968
r
p
*Less than $500,000.
Revised.
Preliminary.
1. Includes all special financial transactions.
2. Includes only special financial transactions in lines 7, 9-13.
NOTE.—Details may not add to totals because of rounding.
I
335
125
269
-137
II'
49
49
-121
I'
42
-36
3
-72
55
-137
34
SUEVEY OF CUEEENT BUSINESS
30
million—occurred in private U.S. and
foreign capital transactions, other than
changes in liquid liabilities. Special
financial transactions
deteriorated
about $600 million in the second
quarter. Changes in net U.S. Government grants and capital transactions
and the balance on goods and services
in the second quarter were also unfavorable but to a much smaller extent.
The only favorable change was a $400
million decline in net payments on
unrecorded transactions (errors and
omissions), but they still remained far
larger than comparable data for pre1969 periods.
Special Financial Transactions
Special financial transactions—of
official agencies of the United States
and other countries, and of international agencies—that affect either
the liquidity or the official reserve
transactions balances are listed in
table A2. In the second quarter,
these transactions resulted in net debits
of about $500 million, largely because
foreign official agencies liquidated
special nonmarketable medium-term
U.S. Government securities and longterm time deposit certificates. These
liquidations by foreign official agencies
Table B.—U.S. Nonmilitary Exports:l Total, Agricultural, and Nonagricultural
[Millions of dollars]
1968
1967 r
1968 '
I
II
1969
III
IV
Ir
1969 v
1968 r
II v
Jan.-
June
Jul.Dec.
Goods and
ALL COMMODITIES
Global , all countries
30,681 33,598
Developed countries, total 2... 20, 922 23, 027
Developing countries, total
9,759 10, 571
7,941
5,402
2,539
8,395
5,700
2,695
8,879
6,112
2,767
8,383
5,817
2,566
7,469
5,501
1,968
9,588
6,487
3,101
16,336
11, 102
5,234
17,262
11,929
5,333
17,057
11,988
5,069
Western Europe, total
United Kingdom
Other Western Europe
Eastern 2Europe (Soviet bloc)
Canada
Latin American Republics
Japan _
Australia, New Zealand and
South Africa
All other countries
9,670
1,867
7,803
200
7,302
4,071
2,672
10,543
1,959
8,584
222
8,141
4,632
2,959
2,381
449
1,932
46
1,956
1,063
727
2,626
503
2,123
50
1,973
1,175
733
2,972
514
2,458
70
2,024
1,226
761
2,583
494
2,089
62
2,176
1,159
735
2,254
391
1,863
32
2,308
936
689
3,047
534
2,513
65
2,202
1,317
882
5,007
952
4,055
96
3,929
2,238
1,460
5,555
1,008
4,547
132
4,200
2,385
1,496
5,301
925
4,376
97
4,510
2,253
1,571
1,278
5,488
1,384
5,717
338
1,430
368
1,470
355
1,471
323
1,345
250
1,000
356
1,719
706
2,900
678
2,816
606
2,719
AGRICULTURAL
Global, all countries
Developed countries, total
Developing countries, total
6,450
3,976
2,474
6,293
3,862
2,431
1,666
966
700
1,540
918
622
1,608
1,032
576
1,479
945
534
975
640
335
1,754
1,072
682
3,206
1,884
1,322
3,087
1,977
1,110
2,729
1,712
1,017
Western Europe, total _ .
United Kingdom
Other Western Europe
Eastern Europe (Soviet bloc)
Canada
Latin American Republics.
Japan
Australia, New Zealand and
South Africa
_
._
All other countries
2,511
437
2,074
109
527
486
869
2,338
387
1,951
121
509
506
944
577
99
478
24
128
116
243
556
93
463
25
115
132
230
638
101
537
44
139
134
237
567
95
472
36
128
123
232
346
46
300
9
136
77
148
702
109
593
25
117
122
237
1,133
192
941
49
243
248
473
1,205
196
1,009
80
267
257
469
1,048
155
893
34
253
199
385
69
1,879
71
1,804
18
560
17
465
18
398
18
375
10
249
16
535
35
1,025
36
773
26
784
_
NONAGRICULTURAL
Global, all countries
Developed countries, total 2
Developing countries, total
24,231
16, 946
7,285
27,305
19, 165
8,140
6,275
4,436
1,839
6,855
4,782
2,073
7,271
5,080
2,191
6,904
4,872
2,032
6,494
4,861
1,633
7,834
5,415
2,419
13,130
9,218
3,912
14,175
9,952
4,223
14,328
10, 276
4,052
Western Europe, total
United Kingdom
Other Western EuropeEastern 2Europe (Soviet bloc)
Canada
Latin American Republics
Japan..
Australia, New Zealand and
South Africa
_ _
... _
All other countries
7,159
1,430
5,729
91
6,775
3,585
1,803
8,205
1,572
6,633
101
7,632
4,126
2,015
1,804
350
1,454
22
1,828
947
484
2,070
410
1,660
25
1,858
1,043
503
2,334
413
1,921
26
1,885
1,092
524
2,016
399
1,617
26
2,048
1,036
503
1,908
345
1,563
23
2,172
859
541
2,345
425
1,920
40
2,085
1,195
645
3,874
760
3,114
47
3,686
1,990
987
4,350
812
3,538
52
3,933
2,128
1,027
4,253
770
3,483
63
4,257
2,054
1,186
1,209
3,609
1,313
3,913
320
870
351
1,005
337
1,073
305
970
240
751
340
1,184
671
1,875
642
2,043
580
1,935
1. Balance of payments basis.
2. Represents mainly revision of nonagricultural exports to Canada for addition of inland freight charges from interior
U.S.r to Canadian border; these charges are largely absent from Census Bureau data on U.S. exports to Canada.
Revised.
* Preliminary.
NOTE.—Seasonally adjusted quarterly data may not add to unadjusted annual total.
partly reversed the improvement that
the original sale of such obligations by
this country had made in the liquidity
balances, particularly in 1968 and to
a lesser extent in the 2 preceding years.
To a considerable extent, the obligations involved in these transactions
are only nominally different from those
classified as liquid liabilities and included in the measure of the liquidity
balance. For this reason and because
some of these transactions reflect
methods of financing deficits that are
alternatives to the use of reserve assets
or to the increase in obligations classified as liquid liabilities, these transactions should be taken into consideration
in evaluating the balance measured on
the liquidity basis. They tend to affect
the balance measured on the official
reserve transactions basis to a much
lesser extent.
Jan.June
Seasonally adjusted
_.
September 1969
Services
The balance on goods and services
fell $80 million from the first to the
second quarter to a seasonally adjusted
surplus of only $283 million, the lowest
figure in the past decade. Unfavorable
changes were primarily an exceptionally large rise of about $175 million in
private income payments to foreigners,
mainly because of increased interest
rates paid by U.S. banks to their foreign
branches, and a decline of about $90
million in transfers under military sales
contracts. These were only partly offset
by improvements in the trade and
transportation balances.
Merchandise trade
The seasonally adjusted balance on
nonmilitary merchandise trade (adjusted for balance of payments purposes) was close to zero in the second
quarter. In the two preceding quarters
the balance was unfavorable by $103
million and $75 million. These adverse
balances followed a $313 million surplus
in the third quarter of 1968 (table 4,
line 13). Figures for all of these periods
reflect the anticipated or actual effects
of the dockworkers' strike at East and
Gulf Coast ports, which was initially
September 1969
scheduled to start early in October but
was postponed until December 20,
1968. It ended at different ports between February 14 and April 2, 1969.
Both nonmilitary exports and imports rose more than $2 billion from the
strike-depressed levels of the first quarter. Exports increased $100 million
more than imports to $9,588 million,
seasonally adjusted. The latter figure
may include about $500 million of an
estimated $1,300 million shortfall
caused by the first quarter strike. Imports rose to $9,595 million and may
have included about $700 million of an
estimated $1,100 million million shortfall in the first quarter. Most of the
strike loss likely to be recovered was
probably recouped by the end of the
second quarter. In July, exports and
imports were each at a quarterly rate
of about $9,200 million, after adjustment for balance of payments concepts
and seasonal variations.
Agricultural exports were about $360
million smaller, in the first half of 1969
than in the second half of 1968
(table B). Although part of the decline
reflected export losses that may be
attributed to the dock strike, a considerable part also stemmed from
sharply reduced U.S. shipments of
wheat. This reflected increased production of wheat, particularly in importing
countries.
Nonagricultural exports increased
only about $150 million in the first half
of 1969, after advancing $1.1 billion
from the first to the second half of last
year. While the growth in 1969 was
dampened to some extent by the dock
strike, there were also other factors
holding down exports, particularly those
of commercial aircraft. Civilian aircraft
deliveries, which advanced $700 million
in 1968 and were thus a major factor in
the overall expansion of exports in that
year, are not expected to advance
further this year. However, they will
rise again in 1970 when new types of
airplanes are ready for delivery. Exports
of machinery, a major component of
the exports of manufactured goods, rose
$200 million or at an annual rate of
about 10 percent in the first half of
1969. This was somewhat less than
during the preceding half year period
but a recent strengthening in new
SURVEY OF CURRENT BUSINESS
export orders suggests faster advance
during the rest of 1969.
U.S. imports increased only about
$150 million in the first half of this
year after a rise of over $1 billion from
the first to the second half of 1968.
The slower increase in total imports
was due largely to a decline in imports
of foodstuffs and industrial materials.
Coffee imports declined nearly $200
million in the first 6 months after
reaching relatively large amounts in
the 2 preceding half years when coffee
inventories were built up. Steel imports
also declined about $200 million, after
surging forward during 1968 when a
U.S. steel strike was expected. Although
for many of the other imports the dock
strike had some dampening effect in
the first half of the year, no letup in the
rising trend has yet been signaled.
On the contrary, imports of consumer
goods (other than automotive) increased more in the first half of 1969
than in the preceding half year, and
imports of capital goods maintained
the same gains as in the earlier period.
Investment income
Seasonally adjusted receipts from
income on U.S. private investment in
foreign countries were about unchanged
from the first to the second quarter.
This stability occurred even though
some dividends ordinarily received from
German subsidiaries were not declared
in the second quarter, presumably
because the international monetary
situation made it more advantageous
31
for corporations to retain earnings in
their German affiliates. On the other
hand, payments on foreign investments
in the United States rose $175 million
after seasonal adjustment. About twothirds of this increase reflected the
effects of higher interest rates paid by
U.S. banks on deposit liabilities to
their foreign branches and to other
foreigners.
Private Capital Transactions
The $1.6 billion deterioration in
seasonally adjusted capital transactions
(excluding liquid liabilities) between
private U.S. and private foreign residents (table Al, line 7) was the largest
on record for a single quarter. From a
net inflow of about $160 million in the
first quarter, these transactions shifted
to a net outflow of over $1,440 million,
exceeding the previous peak in the
third quarter of 1967 by nearly $300
million.
Three-fourths of the deterioration
stemmed from the adverse shift of
about $680 million in security transactions and $540 million in banking
obligations. The former was unprecedented for one quarter while the latter
was the largest since the second quarter
of 1963. An increase in net outflows of
corporate funds accounted for most of
the remaining unfavorable movements.
[/. S. corporate capital
Net capital outflows through transactions of U.S. corporations, after
seasonal adjustment, increased $230
Table C.—Government Grants and Transactions Increasing Government Assets
[Millions of dollars]
19 58
1968
I
Total (table 1, lines 29, 42, and 43 with sign reversed) .
II
19f 9
III
IV
I'
UP
5,347
1,433
1,505
1,172
1,236
1,127
1,593
Less: Estimated dollar payments to foreign countries and1 international and regional organizations (table 5, line A.34)
641
136
205
123
177
165
193
Equals: Estimated transactions involving no direct dollar outflow from the United States (table 5, line A.26)__-
4,705
1,296
1,300
1,050
1,059
962
1,400
1,231
1,739
1,517
219
400
437
370
90
408
461
382
49
175
445
394
36
248
396
371
44
195
385
337
46
471
506
380
43
Under farm product disposal programs
Under Foreign Assistance Acts and related programs
Under Export-Import Bank Act
Other
T
Revised.
* Preliminary.
1. The identification of transactions involving direct dollar outflow from the United States is made by the operating
agency. Data for third and fourth quarters 1968 and first and second quarters 1969 are based on extrapolations by OBE.
NOTE.—Details may not add to totals because of rounding.
SUEVEY OF CUREENT BUSINESS
32
million from the first quarter to
million (table Dl). This was the largest
outflow since mandatory controls were
placed on such transactions at the
beginning of 1968.
The increase in capital investments
occurred in Western Europe, even
though the first quarter outflows to that
area were already high because of the
return flow of funds that U.S. corporations had obtained from their affiliates
and other sources in Europe in the last
quarter of 1968. The following figures
indicate these capital flows.
As compared with the second quarter
a year ago, there was a doubling of
direct investments in Western Europe,
especially the European Economic Community. More than likely, some of that
increase included hedging operations
in expectation of a revaluation of the
German mark. Investments in Latin
America and in international shipping
companies also increased. Outflows to
the "other countries in Asia and
Africa", which consist mainly of transactions with U.S. affiliates in the oilproducing countries, were also somewhat larger than a year ago, but this
[Millions of dollars]
difference can be attributed to changes
19 58
19(39
in
the timing of tax payments to
Credits (+); debits (-)
Libya.
In 1968 a larger part of the tax
Year
IV
I
II
obligation was paid in the first quarter.
Changes in foreign assets
These changes in the timing of tax
and liabilities of U.S.
corporations:
payments are taken into account in
Total, seasonally adthe seasonal adjustments of total direct
justed
-. -.
495 -661 -891
Total, not seasonally
investments
(table 2, line 33). Elseadjusted - - - - - - - - -720
355 -694 -955
where
in
the
world,
direct investments
Transactions with:
Western Europe
1,509 1,019 -148 -463
were
lower
in
the
second quarter of
Other areas. ._
-2, 229 -664 -546 -492
1969 than a year ago. (Comparisons
with corresponding periods a year
Second quarter direct investments earlier are used because seasonally
abroad including the use of proceeds of adjusted data by area are not
foreign borrowing were $1,100 million, available.)
seasonally adjusted. That amount was
Corporate funds obtained abroad
exceeded only in the first quater of through new issues of securities fell
1965 and the third quarter of 1968, to $145 million from about $400 milwhen direct investments were about lion in the first quarter and a quarterly
$150 million higher.
average of $530 million in 1968 (table
Table Dl.—Foreign Assets and Liabilities of U.S. Corporations
(Excluding Banking and Brokerage Claims and Liabilities)
[Millions of dollars]
Line
Credits (+); debits (-)
[Lines in tables 1, 2, and 8 in which transactions are included are indicated in ( )
unless otherwise noted]
1968
1967
1968
I
II
1969
III
IV
P
UP
Seasonally adjusted
1
Total
-2,850
2
Direct investments (33)
3
4
5
6
Other corporate claims:
Long-term (39)
Short-term (40) 1
Funds obtained through security issues
(table D 2, line 3)
Other
7
8
Corporate liabilities other than new issues of
securities:
Long-term (54)
Short-term (55) 1
9
New issues of securities (52) 2
-720
-3, 154 -3,025
_ _
-594
-599
495
-661
-891
-472 -1,009 -1, 262
-283
-928
-1, 101
-23
-281
-309
-174
-752
34
-322
-32
-469
-57
-98
-119
137
-66
-220
-27
60
-96
-213
-973
221
-374
52
-510
41
-194
96
105
32
-61
-159
-7
67
85
363
673
429
154
3
165
166
10
222
344
38
148
4
-5
37
446
2,129
580
585
586
378
401
145
*• Revised.
» Preliminary.
1. Excludes brokerage claims and liabilities.
2. New issues of securities sold abroad by U.S. corporations exclude securities issued by subsidiaries incorporated abroad
and also exclude funds obtained abroad by U.S. corporations through bank loans and other credits. However, securities issued
by subsidiaries incorporated in the Netherlands Antilles are treated as if they had been issued by U.S. corporations if the
proceeds of such issues are transferred to U.S. parent companies. Uses of proceeds are shown in table D2.
NOTE.—Details may not add to totals because of rounding.
September 1969
Dl, line 9). The sharp drop may have
reflected the rise in earning opportunities in the lucrative Euro-dollar
market. Also it was probably a reaction
to the weakening U.S. stock market,
since most of the new issues in the
previous periods were convertible into
stocks.
Included in the new issue figure of
$145 million in the second quarter were
$20 million obtained by U.S. corporations through the sale of newly issued
securities by subsidiaries incorporated
in the Netherlands Antilles. In the first
quarter, funds from Netherlands Antilles subsidiaries amounted to $150
million. Transfers to foreign affiliates
of funds obtained from offshore sales
of new security issues amounted to
$118 million in the second quarter
(table D2, line 2). Only $7 million was
added to the backlog of unutilized
funds that were originally obtained
abroad through security sales but kept
in foreign banks pending their use for
direct investments (table D2, line 3).
At the end of June, these unutilized
funds amounted to about $1.5 billion.
U.S. corporations received about $30
million from other foreign sources in
the second quarter, following receipts
of about $150 million in the first (table
Dl, lines 7 and 8). The second quarter
figures include net receipts of nearly
$120 million through advances on foreign orders for aircraft, while other liabilities were reduced by $90 million.
Corporations reported a $30 million
rise in their long-term claims on unaffiliated foreigners (table Dl, line 3),
continuing similar capital outflows earlier in 1969 and in most of the preceding
2 years. To a large extent such outflows represent the financing of exports
of capital goods. However, corporations
reduced by about $70 million the
amounts of outstanding short-term
claims—other than banking assets acquired as a temporary investment of
funds obtained through bond issues
(table Dl, line 6). To the extent that
such claims consist of liquid assets in
any country except Canada they are
subject to ceilings imposed under the
regulations to restrain capital outflows.
September 1969
Foreign direct investments in the
United States
Capital inflows from foreigners for
direct investment in the United States
declined nearly 50 percent to about $120
million in the second quarter. This was
due largely to a drop in new investments—either through acquisitions of
new companies or increases in equity
holdings. The decline was from an
exceptionally high first quarter rate.
Security transactions
Purchases of U.S. securities (other
than Treasury issues and corporate
off shore issues) by foreigners fell sharply
to $225 million in the second quarter
from $790 million in the first (table D3).
Although purchases of outstanding
bonds rose to $100 million from $35
million in first quarter, purchases of
stocks dropped to $125 million from
$750 million. The adverse trend in
foreign transactions in U.S. stocks
started after January 1969, when net
foreign purchases totaled $360 million,
and was still in progress in June, when
foreigners, on balance, sold $105 million
of such securities.
This year's decline in foreign purchases of U.S. stocks may have been
induced by the failure of stock prices
to continue the upward movement that
had reached a peak at the end of
December. The decline in foreign net
purchases of U.S. stocks was interrupted only by a short rally during the
spring months, when stock prices had a
brief rebound. The sharp decline in
1969 may not be fully explained by
changes in the prices of domestic
stocks but seems to reflect also the
attraction of other types of investments for foreign funds, particularly in
the Euro-dollar market (chart 14).
Net U.S. purchases of foreign securities in the second quarter were $425
million after seasonal adjustment—an
increase of about $100 million over the
first quarter. The rise was attributable
to increased net purchases of outstanding foreign securities, mainly stocks,
which more than offset a decline in
purchases of newly issued foreign bonds
(table 2, lines 34-36). Purchases of the
latter fell sharply to $220 million from
SURVEY OF CURRENT BUSINESS
33
$565 million in the first quarter and a inflow in the first quarter. Most of the
quarterly average of $415 million in shift reflected increased purchases of
1968. U.S. purchases of newly issued foreign stocks, particularly from Canainternational agency bonds dropped dian, British and Japanese residents,
from $115 million in the first quarter but part reflected smaller net sales of
to only $2 million in the second quarter. foreign stocks to residents of EEC
Purchases of new Canadian issues, countries. The reduction of the Interest
which account for a major part of the Equalization Tax from 18.75 percent to
outflow, also declined.
11.25 percent in April as well as the
Rising interest rates and increasing weakness in the U.S. stock market
tightness in the U.S. capital market may have contributed to the outflow.
may have been factors in reducing U.S.
Redemptions of foreign securities
purchases of new foreign securities. The declined to $65 million from $130
second quarter total was the lowest million in the first quarter. The first
since the fourth quarter of 1966, which quarter included a $56 million redempwas also a period of relative credit tion of international agency bonds.
restraint.
On the other hand, net U.S. pur-Banking transactions
chases of outstanding foreign securities
totaled $270 million, the highest
Bank-reported claims on foreigners,
quarterly outflow recorded, and a $380 after seasonal adjustment, rose over
million reversal of the $110 million $480 million in the second quarter. This
CHART 14
U.S. and European Stock Prices and Foreign Purchases of U.S. Stocks
1963 = 100
160
140
U.S. Stock Prices
(Standard and Poor's 500)
\
120
100
/
European Stock Prices l
•**
80
60
Million $
800
600
400
200
-200
-400
1960
61
62
63
64
65
1. Composite of stock prices of six European countries weighted by value of the gross domestic product.
2. Excludes special liquidations of U.S. stocks by United Kingdom through 4967.
U.S. Department of Commerce, Office of Business Economics
66
68
69
SURVEY OF CURRENT BUSINESS
34
increase followed a reduction of about
$80 million in the preceding quarter, for
a deterioration of $560 million. The
second quarter increase brought outstanding claims on foreigners by some
of the banks above the ceilings suggested by the Voluntary Credit Restraint program, so that it was probably a short-term development, at
least in part. This is borne out by
early reports for July, when claims on
foreigners reported by banks again
dropped, partly reversing the second
quarter rise.
The second quarter rise in bank
lending may have been associated to
some extent with the $2.1 billion
recovery in exports from the strikedepressed levels of the first quarter.
Some bank lending in the second quarter
probably reflected borrowing by for-
eigners to repay dollar loans previously
obtained abroad, as competition among
U.S. banks for Euro-dollar funds made
the costs of renewing these loans in the
Euro-dollar market higher than in the
United States.
The largest portion of the second
quarter increase was in short-term
claims on Japan. From May to June,
these claims rose about $200 million,
but in July they declined again by
about $100 million.
U.S. Government Grants and
Capital Transactions
U.S. Government grants and capital
transfers to foreign countries, after
seasonal adjustment, rose about $330
million in the second quarter (table Al).
This rise represented mainly a resurgence in Government-financed exports
Table D2.—Uses of Funds Obtained Abroad by U.S. Corporations
Through the Issue of New Securities 1
[Millions of dollars]
Credits (+); debits (-)
Line [Lines in tables 1, 2, and 8 in which transactions
are included are indicated in ( )]
1 New issues of securities (52) i__.
2
3
4
5
1967
I
2,129
446
Uses of funds obtained abroad through new
issues of securities:
Additions to, and refinancing of, direct investment (33)
Short-term claims reported by U.S. residents other than banks (40) __ _
Reductions in corporate liabilities to foreign
residents (54, 55)
Transfers of funds to U.S. residents (59) 2
1968
1968
-278
-785
-96
-973
-48
-24
-2
-369
580
II
19 69
III
IV
585
586
378
-158
—75
-231
-321
-374
-510
-194
-161
-48
UP
!«•
401
-190
145
-118
105
-61
-7
-2
-160
-150
-20
r
Revised.
*> Preliminary.
1. New issues of securities sold abroad by U.S. corporations exclude securities issued by subsidiaries incorporated abroad
and also exclude funds obtained abroad by U.S. corporations through bank loans and other credits. However, securities issued
by subsidiaries incorporated in the Netherlands Antilles are treated as if they had been issued by U.S. corporations if the
proceeds of such issues are transferred to U.S. parent companies.
2. A (—) reflects a decline in foreign deposits and money market paper held in the United States.
NOTE.—Details may not add to totals because of rounding.
Table D3.—Transactions in U.S. Securities Other Than Treasury Issues
[Millions of dollars]
Increase in foreign assets (+)
Line (Transactions are included in tables 1, 2, and 8,
in line 52)
1
2
1967
2
4,360
2
19 69
II
III
IV
I'
839
1,116
1,115
1,290
1,373
329
I
1,016
Total
19 68
1968
UP
New issues ofl securities sold abroad by U.S.
corporations
446
2,129
580
585
586
378
401
145
3
Investment by international and regional organizations in nonguaranteed U.S. Government agency bonds __ ._
__ __ _ _ _ _
121
118
-38
-41
78
119
184
-43
4
Liquidation of U.S. securities other than Treasury issues by United Kingdom (Government
and private)
5
6
7
Other transactions
Bonds
Stocks
903 2 2, 113
88
29
815 2 2, 084
2297
-12
2309
572
42
530
451
-8
459
793
7
786
788
37
751
227
100
127
. -_
-453
T
Revised.
v Preliminary.
1. Proceeds from securities issued by subsidiaries incorporated in the Netherlands Antilles that are transferred to the
U.S. parent companies are treated as if they had been issued by U.S. corporations.
2. Excludes purchase of $210 million by a foreign company of stocks issued by the U.S. subsidiary. This purchase is treated
as a foreign direct investment in the United States.
NOTE.—Details may not add to totals because of rounding.
September 1969
that were delayed in the first quarter
during the dockworkers' strike. Repayments on U.S. loans (other than those
included among special financial transactions) decreased about $10 million.
Partly offsetting these changes was an
inflow of foreign capital, reflected in an
increase of about $180 million in U.S.
Government liabilities (other than
special financial transactions and marketable or convertible securities). Advances on military sales contracts and
prepayments for materials for use in
nuclear power programs accounted for
much of that rise.
Errors and Omissions
Unrecorded transactions in the second
quarter, after seasonal adjustment, resulted in a debit balance of about $840
million, $400 million less than in the
first quarter. The exceptionally high
level of errors and omissions in both
the first and the second quarters, which
substantially exceeded that in any
comparable period since World War
II, suggests that they reflected circumstances rather different from those
previously experienced.
Several developments probably contributed to the extraordinary rise in net
debits in the first two quarters of this
year.
(1) To some extent, the large errors
and omissions in the first half of 1969
are a repetition of the experience in the
first half of 1967 and 1968. Before
seasonal adjustment, they amounted
to net debits of $620 million in 1967
and about $730 million in 1968, as
compared to $1,950 million in 1969.
In both of the earlier years, errors and
omissions in the second half were considerably smaller than in the first. If a
change in seasonal patterns has occurred, it is too recent to be recognized
in seasonal adjustment procedures that
take into account much longer time
periods, but if the pattern persists,
seasonal adjustments in later years
will tend to smooth out these fluctuations. Under the assumption that a new
seasonal pattern has emerged, perhaps
$800 million to $850 million of the
$1,950 million of errors and omissions
in the first half of 1969 may be of a
seasonal character that should be offset
in the second half of the year.
September 1969
(2) In the early part of this year, the
errors and omissions may have been
accentuated by an unrecorded outflow
of capital to reverse an inflow that
occurred at the end of 1968. At that
time, U.S. corporations transferred
capital to the United States to comply
with the regulations on direct foreign
investments and on liquid assets held
abroad. These regulations set ceilings
on capital outflows and holdings of
liquid assets at the end of the year;
some corporations may have complied
with these regulations through shortterm capital transactions that had to
be reversed soon after the beginning of
1969. These developments are clearly
reflected in the figures on direct investments and other corporate capital
transactions (table Dl), but the statistical coverage of such business transactions is not complete. (Similar, though
smaller, unrecorded capital flows may
have occurred also in the two preceding years and may, at least in part,
account for the change in the seasonal
pattern of errors and omissions noted
above.)
(3) The dockworkers' strike in the
first quarter may have resulted in
payments on imports that were not
unloaded. In that case, the increase in
foreign dollar holdings (a credit item)
would have been recorded in the banking statistics, while the imports (a
debit item) were missing from the
trade statistics. The available data do
not permit an estimate of the extent of
such discrepancies in the recorded
figures, but they would have been
compensated for by a difference of
opposite sign in the second quarter.
Such a development, therefore, would
not affect "errors and omissions" for
the first and second quarters combined.
(4) Unrecorded debits in the second
quarter may have included some capital
transfers to Germany in anticipation of
an appreciation of the German mark,
which were not reversed before the end
of the quarter. German authorities reported major transfers to German
enterprises as advance payments on
their exports and on outstanding obligations. Except for major capital outflows
to German affiliates of U.S. enterprises,
only minor amounts of capital transfers
SURVEY OF CUEEENT BUSINESS
to other German residents have been
reported in U.S. statistics.
(5) After allowing for these factors,
close to $1 billion of the nearly $2
billion "errors and omissions" in the
first half of the year is left unexplained.
This residual may be attributed to developments that were not significant in
previous periods. The extraordinary
rise of interest rates in the Euro-dollar
market and the widening spread between these rates and those obtainable
on comparable investments in the
United States certainly fall into this
category.
The spread between interest rates
paid on newly issued U.S. certificates of
deposits and on Euro-dollar deposits,
which rarely exceeded % percent prior
to the end of 1968, rose to about 2
percent by the end of March and to
about 5 percent by the end of June.
The spread between interest rates
paid on U.S. certificates of deposit on
the secondary market, which is more
representative of the rates than can be
obtained on large short-term investments in the open market, rose from
about 1 percent at the end of 1968 to
roughly 2 percent at the end of March
and 3 percent at the end of June.
Even during the period of relatively
tight credit in U.S. markets in the
second half of 1966, the spread between
these rates remained around 1 percent.
It is very likely that this difference in
earning opportunities induced sizable
shifts of funds from the United States
to the Euro-dollar market. Data available from United Kingdom sources for
the first quarter indicate only a small
increase in dollar liabilities of U.K.
banks to U.S. residents, but a considerable rise was reported for the second
quarter. Transfers of dollar funds by
U.S. residents to foreign branches of
U.S. banks remained small, however.
This is due to the policy of U.S. banks
not to facilitate such transfers.
If larger capital transfers from the
United States to the Euro-dollar market
were made by U.S. residents, presumably they were arranged through
foreign intermediaries, particularly foreign banks. Furthermore, they would
have been made by U.S. residents who
are not among the usual reporters in
35
the present data collecting system.
These could be individuals and organizations that ordinarily invest their
funds in securities, but—because of
declining security prices—may have
found it more attractive to hold funds
in more liquid form. As long as the
yields abroad were considerably higher
than in the United States, such individuals and organizations may have
preferred to invest there.
It is not possible to determine how
unrecorded circular flows of dollar
funds—from U.S. residents to foreign
banks, then to branches of U.S. banks,
and back to their U.S. parent banks—
were distributed between the first and
second quarters of 1969. With incentives somewhat higher in the second
quarter than in first, the total of such
circular flows may have been larger in
the latter period.
Continued from Page 20
tracts placed, and actual expenditures.
These mixtures are likely to change
as the time at which the report is
prepared progresses from 6 to 7 months
before the start of the year (estimate
A) to the closing month of the year
(estimate D). Accordingly, better forecasts of year-to-year changes in expenditures are likely to be obtained by
comparing an estimate for a given year
with that made in the corresponding
period of the preceding year. To determine the anticipated percentage change
in expenditures for 1969, for example,
the latest report, 1969-C, is compared to the corresponding estimate
in the preceding year, 1968-C.
In tables 1-3, the most recently
reported dollar figures for 1969 and
1970—columns 1969-C and 1970-A—
are not necessarily the best estimates
of the actual amounts of expenditures
likely to be made in these years.
Applying the percentage change from
1968 to 1969 as outlined in the preceding paragraph to the final 1968
figure, column 1968-E—which represents actual expenditures for that
year—would yield the best current
estimates of actual dollar expenditures
likely to be made in 1969. The resultant
1969 estimate times the ratio of 1970-A
over 1969-A yields the best dollar projection for 1970 at this time.
SUEVEY OF CUREENT BUSINESS
36
September 1969
Table 1.—U.S. International Transactions
[Millions of dollars]
Line
1968
( Credits +; debits—)
I
1 Exports of goods and services
2
Excluding transfers under military grants
1
3
4
5
6
Merchandise, adjusted, excluding military
Transfers under military sales contracts
Transfers under military grants, net..
Transportation
7
g
9
10
Travel
Fees and royalties from direct investments
Other private services
Other U.S. Government ser vices _.
11
12
13
Income on U.S. investments abroad:
Direct investments 2
-----Other private assets
U S Government assets
14
.
-
. . ..
Imports of goods and services
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. -
.
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) 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 in foreign securities
37
38
Claims reported by U.S. banks: 1
Long-term _
.
Short-term
39
40
Claims reported by U.S. residents other than banks: 1
Long-term
Short-term
41
_
Transactions in U.S. Government assets, excluding official reserve assets, net; increase in assets ( — )
Repayments on credits:
Scheduled
.
..
Nonscheduled (including sales of foreign obligations to foreigners)
. . __
Gold
Convertible currencies
Gold tranche position in IMF
--- -
14 800
14,574
33, 598
1 427
7,942
8 643
8 293
8 720
7 445
9 885
360
152
704
408
160
571
392
226
822
Transactions in foreign assets in the United States, net; increase in foreign assets (U.S. liabilities) "(+)
54
55
Other liabilities reported by U.S. private residents other than banks:
Long-term
Short-term
.
56
57
58
59
419
223
749
350
226
810
378
279
383
89
462
306
385
95
543
326
388
83
387
368
391
84
432
304
387
84
560
313
388
108
4,985
1 949
1,103
453
164
1 253
1,156
1 473
1 368
1 313
765
512
232
509
183
561
233
—48,078
-32,972
-4, 530
-3, 248
491
202
494
168
—10,982
— 11 942
—12 839
—12 315
— 10 967
— 14 079
-7, 679
—1,102
-715
—8, 199
—1 116
—872
-8, 459
—1 143
-901
—8 635
—1 169
—760
-7,335
—1 204
-677
—9, 736
—1 217
—940
-3,022
—625
—749
—505
—156
—153
—751
—156
—141
—1,237
—157
—202
—529
—156
—252
—542
—164
—152
—857
—164
—145
-2,231
-702
-498
-174
—523
-184
-584
-156
—625
—188
—707
-185
—829
-192
3,354
2,516
1,005
769
1,284
1 061
-229
915
885
725
722
496
—3,703
-2,865
—894
-657
—980
—757
—934
—709
—895
—742
—786
—626
— 1 058
-832
—753
-838
—1,706
-406
-173
-237
—392
—196
—223
—470
—91
—197
-226
—390
— 122
—187
—152
—453
—102
—161
-160
—366
—198
-226
—533
—101
—349
112
304
—938
173
99
—337
—5,157
—874
— 1 546
— 1,348
— 1 390
— 1 288
—2 059
—3 025
—1 659
—622
—392
—964
—373
— 1 131
-242
—102
100
—55
358
—89
140
219
—92
34
-4
1,067
—99
— 1 012
-324
—428
— 570
—958
— 564
224
16
91
-43
80
—21
130
74
-217
49
143
165
—79
4
—372
133
73
— 566
—32
-57
-88
— 119
35
-66
65
28
-27
31
-298
-609
-2,249
—742
—716
-519
—272
—468
-703
—3, 713
— 1, 171
—936
—788
—992
—99
6
—818
231
-968
— 91
317
3
207
55
342
169
250
44
322
34
-1,076
-48
-299
56
—73
-31
-317
269
-- . .
299
237
662
1,770
1,279
1,546
1,123
--
--
52
53
60
11 852
11,692
72
Transactions in U.S. official reserve assets, net; increase in assets ( — ).
Direct investments 2
U S securities other than Treasury issues
Long-term liabilities reported by U.S. banks
51
.
II P
13 382
13, 230
495
.
Ir
12,836
12, 610
-174
-960
44
45
50
_. .
-
-
Loans and other other long-term assets 1
Foreign currencies and other assets *
47
48
49
. .
. . . ...
42
43
46
. . . ..
IV
13,227
13,003
352
15
16
17
27
28
29
30
...
III
11,988
11,751
2,924
.
II
51,432
50,594
838
..
1969
1968 f
131
256
42
34
-109
—880
904
1,173
— 1 183
—870
1,362
—401
— 57
—426
-23
-137
— 575
-364
9,277
932
2,490
2,848
3,007
2,957
319
4,360
251
5
1,116
23
1,115
41
1,290
237
1,373
175
119
240
-50
-137
22
267
-571
-74
-474
246
-228
4,095
119
329
590
839
56
673
750
154
43
165
269
10
236
344
202
148
-76
Nonmarketable liabilities of U.S. Government, including medium-term securities payable prior to
maturity only under special conditions: 1
Associated with specific transactions
Other medium-term securities
-138
2,010
-47
273
-44
772
-43
409
-4
556
-76
95
U S Treasury marketable or convertible bonds and notes 1
Deposits and money market paper held in the United States *
-500
1,212
-212
-425
-22
54
-152
1,131
-114
1
-40
452
1,305
3,986
-642
-332
528
-442
-1,253
..
... .
_
...
..-
Errors and omissions net
fLines 50, 59, and 60 for 1968, total, II, III, and IV, have been revised.
r Revised.
v Preliminary.
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.
_.
.
.
--
.
.. . .
-395
-187
-5
32
32
-171
-698
3. Numerically equal to net foreign investment in U.S. national income and product
accounts.
Source: U.S. Department of Commerce, Office of Business Economics.
SURVEY OF CUKRENT BUSINESS
September 1969
37
Table 2.—U.S. International Transactions—Seasonally Adjusted
[Millions of dollars]
1968 t
Lin e
(Credits-}-; debits-)
I
1 Exports of goods and services _
Excluding transfers under military grants
.-
2
3
4
5
6
Merchandise, adjusted, excluding military 1
Transfers under military sales contracts
Transfers under military grants, net
Transportation.
7
g
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
O ther private assets
U.S. Government assets
14
... .
.
. ..
..
.. . .
Imports of goods and services
II
1969
IV
III
HP
Ir
12 171
11,934
12,891
12,668
13,570
13,344
12 805
12 653
12 073
11 913
14 410
14 184
7 941
305
237
717
8 395
353
223
731
8 879
406
226
757
8 383
364
152
720
7 469
9 588
418
160
618
331
226
801
440
297
372
91
424
322
381
89
450
330
396
86
456
330
398
85
503
323
376
86
515
328
385
101
1,102
460
209
1,293
475
205
1,313
515
212
1,277
500
140
1,369
1,356
517
234
543
236
— 11 463
— 11 827
— 12 435
— 12,352
— 11 550
— 13 901
— 7,817
— 1 102
—785
-8, 131
— 1 116
—786
-8, 566
— 1 143
—841
-8,458
—1 169
—836
15
16
17
Merchandise, adjusted, excluding military l
Military expenditures
Transportation
_
.
18
19
20
Travel
Private payments for other services
U.S. Government payments for other services. _
—763
—157
—168
—732
— 157
—163
—792
—153
—170
—735
— 158
-247
—810
-164
-166
—830
— 166
-167
21
22
Income on foreign investments
in the United States:
Private payments 2
U S Government payments
—499
—172
— 556
— 186
—605
—165
—570
—179
—708
—184
—884
— 194
.. .
. . ..
708
471
1,064
841
1,135
909
453
301
523
363
509
283
.. .
—872
—635
—913
—690
-992
—766
-926
—774
-761
—601
-991
—765
— 184
—237
—359
—92
—183
—223
—416
—91
—203
—226
—441
— 122
— 183
-152
—489
-102
— 172
— 160
-330
— 185
-226
—479
-101
151
143
-473
-238
-482
-1,345
-1,971
-
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
27
28
29
30
Private remittances
Military grants of goods and servicesOther U.S. Government grants!
U.S. Government pensions and other transfers
.
.
.
.
..
..
-7, 572
— 1 204
—742
—99
-9, 595
— 1 217
—848
31
Balance on goods, services, and unilateral transfers (lines 23 and 25, or 24 and 26) 3_
-164
32
Transactions in U.S. private assets, net; increase in assets ( — ) _
—806
-1,537
-1,868
-947
—472
—392
100
— 19
—1, 009
-350
224
-38
-1,262
-380
91
-48
-283
-537
80
2
-928
-564
-1, 101
-220
130
111
-271
140
96
49
194
165
-255
4
-124
133
-55
-510
34
—293
-32
-575
-57
-122
-119
30
-106
-27
65
-738
-639
-527
-346
-463
-624
—1, 067
—949
—860
287
42
307
3
278
55
250
169
281
44
312
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: l
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 (including sales of foreign obligations to foreigners)
50
.
1
Loans and other long-term assets
Foreign currencies and other assets *
47
48
49
. .
. ..
Transactions in U.S. Government assets, excluding official reserve assets, net; increase in assets (— )
42
43
46
_ . _ ..-
.
\
Transactions in U.S. official reserve assets, net; increase in assets ( — )
Gold
Convertible currencies
. .
Gold tranche position in IMF
. . ._
. . ._.
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
Nonmarketable liabilities of U.S. Government, including medium-term securities payable prior to
maturity only under special conditions: 1
Associated with specific transactions
Other medium-term securities
...--_- -------- -
58
59
U.S. Treasury marketable or convertible bonds and notes l
Deposits and money market paper held in the United States *
60
Errors and omissions, net
_. _.
.
.
- -- - >
<.
fLines 50, 59, and 60 for 1968, total II, III, and IV, have been revised.
' Revised.
* Preliminary.
*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.
_.
. _. .
-66
65
28
904
— 137
-571
-1,076
-48
-299
1 362
—401
—57
22
267
-426
-74
-474
-23
-137
-575
-364
56
-73
-31
-317
1,215
2,645
5
1,116
175
2,515
2,902
3,334
4,213
251
839
56
23
1,115
119
41
1,290
240
237
1,373
119
-50
-187
154
43
165
269
10
236
344
202
148
-76
-5
32
-61
273
15
772
-107
409
15
556
-94
95
-171
1 701
4 010
-1,239
-838
—340
-410
-480
309
-60
246
-228
329
86
2. Excludes undistributed profits of subsidiaries.
3. Numerically equal to net* foreign investment in U.S. national income and product
accounts.
Source: U.S. Department of Commerce, Office of Business Economics.
SUEVEY OF CUEKENT BUSINESS
38
September 1969
Table 3.—U.S. Balance of Payments and Reserve Position
[Millions of dollars]
19 58
Line
1968f
I
II
Amounts
outstanding
June 30,
1969
19(59
III
UP
I'
IV
Balance on liquidity basis— measured by increase in U.S. official reserve assets
and decrease in liquid liabilities to all foreigners :
1
Seasonally adjusted; decrease in net assets ( — )
—564
9
— 139
862
—1,653
2
Less seasonal adjustment
—297
—96
269
124
—395
—64
3
Before seasonal adjustment (lines 4 and 8 with sign reversed)
-267
105
—408
738
—1,258
—3,647
4
U.S. official reserve assets (table 1 line 46); increase (— )
5
6
7
8
9
10
11
12
Gold
Convertible currencies
IMF gold tranche position
168
--
-137
-571
-1,076
-48
-299
16, 057
1,173
— 1 183
—870
1,362
-401
-57
22
267
-426
-74
-474
-23
-137
—575
-364
56
—73
-31
-317
246
-228
11, 153
3,355
1,549
712
-3,099
3,382
374
55
-637
-1,358
638
4
79
32
-2, 190
2,205
103
-86
979
-38
954
44
19
338
487
-415
223
43
1,306
-1,707
3,124
-23
-88
3,946
-556
4,567
-147
82
38, 869
11, 250
22, 158
4,738
723
1,243
-880
..
.-
Liquid liabilities to all foreigners (table 1, lines 58 and 59); decrease (-)
To official agencies .1 - . .
. . .
To commercial banks
. .-.
To other foreign residents and unallocated 2
To international and regional organizations
—3 711
904
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 ( — )
—379
1 553
97
367
1,143
14
L^£* seasonal adjustment
—470
3
25
442
—567
29
15
Before seasonal adjustment (lines 16 through 18 with sign reversed)
91
1 550
72
—75
1 710
1 214
16
U S official reserve assets (line 4)* increase ( — )
17
Liquid liabilities to foreign official agencies (line 9); decrease (— )
18
Certain nonliquid liabilities to foreign official agencies; decrease (— )
1 638
—880
904
-137
—571
— 1,076
—48
-299
16, 057
-3,099
-1,358
-2, 190
-38
487
-1, 707
-556
11,250
363
777
537
664
45
-359
4,749
2,341
19
Liabilities reported by U.S. private residents (table 1, portion of
line 53)
535
116
150
131
138
-43
-187
2,111
20
Liabilities reported by U.S. Government (table 1, portions of
lines 56 and 57)
..
. . __
.
1,806
247
627
406
526
88
-172
2,638
|Data for 1968 include revisions in liquid liabilities that became available after publication
of the June 1969 SURVEY.
r Revised.
*> Preliminary.
1. 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.
2. May include U.S. Government bonds and notes held by foreign commercial banks.
SURVEY OF CURRENT BUSINESS
September 1969
39
Table 4.—U.S. Merchandise Trade
[Millions of dollars]
1968
Line
1968
I
IV
III
II
II*
I
1969
1968
1969
II
I
III
Not seasonally adjusted
IV
I
II"
Seasonally adjusted
EXPORTS
1
2
Merchandise exports, Census basis,1 including reexports and military
grant shipments _ . . . _
Excluding military grant shipments
3
3a
3b
3c
3d
3e
Additions, "regular", to Census exports
Private gift parcel remittances
Exports of the Virgin Islands
Gold exports, nonmonetary
Inland freight valuation adjustment
Other "regular" additions 2
4
4a
4b
Deductions, "regular", from Census
exports
DOD military export sales 34
Other "regular" deductions
5
5a
Special and miscellaneous adjustments (net) 5
Of which: quarterly
allocation of annual seasonal adjustment
discrepancy 6 . .
.
- ...
6
Equals: Merchandise exports, adjusted to balance of payments basis
(table 1, line 3)
.
.
34,636
8,169
8,817
8,581
9,069
7,708
10,331
8,175
8,577
9,175
8,739
7,726
10,040
34, 063
8,022
8,705
8,425
8,911
7,568
10, 150
8,028
8,465
9,019
8,581
7,586
9,859
339
75
31
8
228
-3
90
17
8
3
53
9
81
17
4
3
59
-2
86
16
11
1
55
3
82
25
8
1
61
-13
99
12
8
(*)
60
19
82
17
4
1
67
-7
90
17
8
3
53
9
81
17
4
3
59
-2
86
16
11
1
55
3
82
25
8
1
61
-13
105
12
8
(*)
66
19
76
17
4
1
61
-7
828
797
31
170
162
8
164
157
7
214
206
8
280
272
8
262
254
8
377
370
7
170
162
8
164
157
7
214
206
8
280
272
8
262
254
8
377
370
7
21
-4
7
40
30
-7
13
-12-
40
30
-7
-8
-8
-7
_
._..._
..- ___
24
33,598
7,942
8,643
8,293
8,720
7,445
9,885
7,941
8,395
8,879
8,383
7,469
9,588
33,226
7,764
8,256
8,457
8,749
7,420
9,787
7,867
8,151
8,548
8,526
7,654
9,641
71
21
48
2
107
57
48
2
117
55
60
2
160
71
88
1
157
79
77
1
163
78
84
1
-32
IMPORTS
7
Merchandise imports, Census basis 1 (general imports)
8
8a
8b
8c
Additions, "regular", to Census imports
Imports of the Virgin Islands
Gold imports, nonmonetary. .
.
Other "regular" additions 7
9
9a
9b
9c
Deductions "regular", from Census imports
DOD military import purchases
Automotive valuation adjustment
Other "regular" deductions 8
10
lOa
Special and miscellaneous adjustments (net) 6
Of which: quarterly
allocation of annual seasonal adjustment
discrepancy 6
11
Equals: Merchandise imports, adjusted to balance of payments basis
32,972
(table 1, line 15)
12
Balance on merchandise trade, Census basis, excluding military grant
shipments (line 2 less line 7) .
.
13
Balance on merchandise trade, adjusted to balance of payments basis
(line 6 less line 11)
14
Merchandise exports,
Census basis, including military grant shipments (line 1) l
Agricultural products
.-.
Nonagricultural products _
.
Excluding military grant shipments
14a
14b
14c
15
16
17
18
Foods feeds and beverages
Grains and preparations
Soybeans. .-.
Other foods, feeds, and beverages
19
20
21
22
23
24
25
26
Industrial supplies and materials 1 .
Fuels and lubricants
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
.
. .. v
..
..
Paper and paper base stocks
Textile supplies and materials
-- Raw cotton, including linters
Tobacco, unmanufactured..
.- ...
Chemicals, excluding medicinals
Other nonmetals (hides, tallow, minerals, wood, rubber,
tires, etc.) .
.._ _
Steelmaking materials
Iron and steel products
Other metals,
primary and advanced, including advanced
steel1
327
108
211
8
97
29
66
2
89
27
60
2
70
31
37
2
71
21
48
2
107
57
48
2
117
55
60
2
97
29
66
2
89
27
60
2
70
31
37
2
572
268
300
4
132
65
66
1
146
66
79
1
120
66
53
1
174
71
102
1
160
79
80
1
168
78
89
1
130
65
64
1
142
66
75
1
138
66
71
1
—9
-50
52
-11
-32
-17
33
86
21
33
33
34
33
8,566
8,458
7,572
9,595
7,679
8,199
8,459
8,635
7,335
9,736
7,817
837
258
449
-32
162
148
363
161
314
471
55
-68
218
626
263
444
-166
85
110
149
124
264
313
-75
-103
-7
34,636
6,300
28,336
27,763
8,169
1,656
6,513
6,366
8,817
1,504
7,313
7,201
8,581
1,440
7,141
6,985
9,069
1,700
7,369
7,211
7,708
947
6,761
6,621
10,331
1,718
8,613
8,432
8,175
1,659
6,516
6,369
8,577
1,542
7,035
6,923
9,175
1,605
7,570
7,414
8,739
1,495
7,244
7,086
7,726
958
6,768
6,628
10,040
1,762
8,278
8,097
4,813
2,821
811
1,181
1,270
831
183
256
1,140
671
171
298
1,071
632
134
305
1,332
687
323
322
769
377
134
258
1,298
741
194
363
1,288
819
198
271
1,150
679
178
293
1,191
667
217
307
1,185
660
217
308
782
365
143
274
1,309
751
202
356
11,005
1,051
829
1,022
466
525
2,764
2,480
224
2,801
269
2,968
298
2,756
260
2,122
212
3,256
314
2,529
257
2,780
266
3,006
269
2,698
258
2,172
243
3,223
311
182
295
165
101
612
209
274
126
109
709
229
244
100
154
774
209
209
75
161
669
166
152
29
50
525
247
310
130
142
778
182
267
138
135
624
206
285
140
138
693
232
281
125
143
761
207
193
67
115
681
167
145
23
67
538
243
322
145
179
758
2,266
535
575
592
564
490
645
524
561
622
560
481
627
275
740
56
157
65
174
76
189
78
220
42
185
95
275
73
158
58
173
66
202
81
207
54
186
85
272
8,131
1,533
318
417
412
386
300
450
309
400
430
396
291
426
11,072
Capital goods, except automotive. .
8,642
Machinery, except consumer-type
Electrical and electronic, and parts and attachments
1,557
Nonelectrical, and parts and attachments
. . 7,085
Construction machinery and nonfarm tractors and
parts
1,525
Textile and other specialized-industry machinery
andparts..
709
3,062
Other industrial machinery and parts, n.e.s
Agricultural machinery and farm tractors and parts413
Business and office machines, computers, etc., and
parts
900
Scientific, professional, and service-industry equipment
_
476
Civilian aircraft, engines, parts
2,327
Other transoortation eauiDment
103
2,649
2,037
366
1,671
2,909
2,263
405
1,858
2,733
2,156
386
1,770
2,781
2,186
400
1,786
2,778
2,113
401
1,712
3,258
2,710
497
2,213
2,595
2,020
363
1,657
2,766
2,157
390
1,767
2,956
2,319
416
1,903
2,776
2,162
391
1,771
2,734
2,106
399
1,707
3,091
2,575
477
2,098
326
397
409
393
321
469
328
379
423
397
325
447
163
734
115
188
822
116
174
754
92
184
752
90
162
740
99
215
962
133
172
731
105
178
783
96
186
808
108
174
741
108
171
742
91
202
913
110
217
209
226
248
265
287
207
211
253
232
254
289
119
570
25
125
638
27
147
514
34
114
546
29
120
580
29
125
614
23
119
591
23
124
597
31
137
486
30
116
587
25
126
613
33
115
557
20
STJKVEY OF CUEEENT BUSINESS
40
September 1969
Table 4.—U.S. Merchandise Trade—Continued
[Millions of dollars]
1969
1968
Line
1968
I
II
III
IV
UP
I
1969
1968
I
II
Not seasonally adjusted
III
IV
I
HP
Seasonally adjusted
42
43
44
45
46
47
3,452
Automotive vehicles and parts (including engines and parts)
To Canada
2,378
1,074
To all other areas.
982
Passenger cars, new and used. _
.. .
Trucks, buses, and special vehicles
433
Parts and accessories, including engines and parts. .. .. . . 2,037
793
534
259
280
97
416
935
646
289
247
115
573
705
461
244
154
99
452
1,019
737
282
301
122
596
922
677
245
276
111
535
1,056
734
322
253
160
643
780
517
263
261
99
420
885
608
277
248
104
533
879
612
267
246
106
527
904
637
267
228
126
550
911
661
250
258
113
540
997
690
307
254
144
599
48
49
50
51
Consumer goods (nonfood), except automotive _
Consumer durables, manufacturedConsumer nondurables, manufactured
Unmanufactured consumer goods (gem stones, precious and
nonprecious)
2,334
891
1,344
528
207
301
615
235
353
611
221
366
580
228
324
563
220
308
711
284
397
528
206
302
593
223
345
641
238
374
575
226
322
566
222
312
685
270
388
99
20
27
24
28
35
30
20
25
29
27
32
27
52
Special category (military-type goods)
1,111
257
201
285
368
343
486
257
201
285
368
343
486
53
54
55
Exports, n.e.c., and reexports.
_ . ...
Domestic (low-value, miscellaneous)
Foreign (reexports)
849
413
436
192
92
100
216
107
109
208
100
108
233
114
119
211
94
117
266
125
141
198
96
102
202
100
102
217
105
112
233
112
121
218
98
120
249
118
131
33,226
7,764
8,256
8,457
8,749
7,420
9,787
7,867
8,151
8,548
8,526
7,654
9,641
5,271
1,915
1,139
641
3,356
1,187
437
289
109
750
1,301
495
268
182
806
1,438
540
325
189
898
1,345
443
257
161
902
994
283
154
92
711
1,433
477
243
198
956
1,222
446
267
152
776
1,320
502
283
174
818
1,430
512
325
150
918
1,275
450
260
159
825
1,049
300
145
130
749
1,449
481
256
189
968
14, 154
2,508
3,510
657
3,590
568
3,571
632
3,483
651
3,037
703
3,918
666
3,527
599
3,488
593
3,559
642
3,517
664
3,121
653
3,793
695
337
735
299
81
172
378
690
303
24
175
336
664
302
10
171
380
660
276
34
171
356
589
249
29
146
403
796
339
56
206
352
660
281
43
172
370
663
292
20
161
337
730
310
47
179
364
701
293
50
176
378
555
239
16
149
393
757
326
45
189
56
...
.
. . ..
Merchandise imports, Census basis (line 7)1
57
58
59
60
61
Foods feeds, and beverages
Coffee, cocoa, and sugar
Green coffee
.
_..-.--_-.
Cane sugar
Other foods, feeds, and beverages
62
63
Industrial supplies and materials *
Fuels and lubricants.
64
65
66
67
68
69
Paper and paper base stocks
Materials associated with nondurable goods output, n.e.s._ .
Textile supplies and materials
Tobacco, unmanufactured. _
.
.
Chemicals excluding medicinals
Other (hides, copra, materials for making photos,
drugs, dyes) .
..
_.
. .._
1,431
2,749
1,180
149
689
731
183
188
181
179
165
195
164
190
194
182
151
197
70
Building materials, except metals
1,073
216
253
292
312
281
366
241
238
264
327
318
343
71
72
73
74
Materials associated with durable goods output, n.e.s1 ...
Steelmaking materials __
Iron and steel products
Other metals,1 primary and advanced, including advanced steel
Nonmetals (gums, oils, resins, minerals, rubber, tires,
etc )
6,393
667
2,123
1, 565
109
419
1,701
189
556
1,647
209
613
1,480
160
535
1,108
85
278
1,687
161
604
1,675
167
473
1,624
176
525
1,586
173
565
1,461
147
539
1,217
133
324
1,605
149
569
2,734
832
751
591
560
529
651
831
720
612
552
541
619
869
205
205
234
225
216
271
204
203
236
223
219
268
2,824
Capital goods, except automotive . - - ... .
.
Machinery except consumer-type
2,637
Electrical and electronic, and parts and attachments
699
Nonelectrical, and parts and attachments
- . 1,938
Construction, textile and other specialized-industry
461
machinery and nonfarm tractors and parts. . . .
Other industrial machinery and parts, n.e.s
738
Agricultural machinery and farm tractors and parts .
338
Business and office machines, computers, etc., and
224
parts
Scientific, professional and service-industry equipment and parts; and miscellaneous transporta177
tion equipment
.
_.. .. _..
Civilian aircraft, engines, parts
187
677
632
153
479
691
645
164
481
703
664
180
484
753
696
202
494
674
628
187
441
926
883
230
653
691
646
159
487
671
625
168
457
722
683
181
502
749
692
191
501
681
635
191
444
899
856
235
621
111
171
106
108
192
82
119
187
78
123
188
72
89
170
77
149
247
114
113
180
100
105
189'
67
119
184
93
126
187
82
89
177
73
145
242
94
50
55
54
65
64
88
50
52
62
60
62
85
41
45
44
46
46
39
46
57
41
46
55
43
44
45
44
46
44
39
46
57
43
46
55
43
86
87
88
89
90
91
92
Automotive vehicles and parts (including engines and parts)
From Canada
From Canada, transactions value
. ..
4,294
2,618
2,818
1,676
2,795
480
1,019
992
595
529
397
632
110
250
1,077
657
578
420
729
99
249
888
490
437
398
581
98
209
1,337
876
774
461
853
173
311
1,151
800
720
351
703
154
294
1,455
885
796
570
983
157
315
898
559
495
339
563
101
234
1,034
614
539
420
690
103
241
1,116
645
574
471
754
121
241
1,245
782
694
463
800
148
297
1,060
757
680
303
636
145
279
1,395
825
740
570
927
164
304
93
94
95
96
Consumer goods (nonfood) except automotive
Consumer durables, manufactured
Consumer nondurables manufactured
Unmanufactured consumer goods (gems, nursery stock)
5,331
2,755
2,009
567
1,095
548
424
123
1,257
634
476
147
1,518
786
591
141
1,461
787
518
156
1,251
632
475
144
1,678
870
645
163
1,209
610
471
128
1,303
655
495
153
1,379
732
507
140
1,392
728
522
142
1,406
716
537
153
1,736
899
669
168
97
Imports, n.e.s. (low value, goods returned, military aircraft,
Government purchased uranium, movies, exhibits)
1,352
303
340
339
370
313
377
320
335
342
348
337
369
75
76
77
78
79
80
81
82
83
84
85
From all other areas
Passenger cars new and used
Trucks, buses, and special vehicles
Parts and accessories (including engines and parts)
p Preliminary.
-
- -
1. Beginning with 1968 data, exports and imports as published by the Census Bureau
include trade in silver ore and bullion.
2. Mainly includes net additions or liquidations of U.S.-owned grains into or out of storage
Canada; and exports of electrical energy.
3. Reflects exports of military equipment under Department of Defense (DOD) sales
contracts with foreign governments to the extent such exports are identifiable from Census
export documents; these exports are contained in table 1, line 4 (Transfers under military
sales contracts).
4. Mainly includes exports of exposed motion picture film for rental rather than sale; and
exports to Panama Canal Zone.
5. Reflects irregular and occasional special adjustments: valuation adjustments for goods
considered to be underpriced or overpriced in Census data; timing adjustments for goods
recorded in Census data in one period but found to have been shipped in another; and coverage adjustments for special situations in which shipments were omitted from Census data.
6. To correct total exports (and total imports) for discrepancy between seasonally adjusted
sum of 4 quarters and recorded, unadjusted annual figures.
7. Mainly imports of electrical energy.
8. Consists mainly of foreign charges for repair of U.S. vessels abroad, which are included
in tables 1, 2, and 8, line 17 (Transportation); imports from Panama Canal Zone; and imports
of domestically owned grains returned from storage in Canada.
Source: U.S. Department of Commerce, Office of Business Economics.
SUKVEY OF CTJKKENT BUSINESS
September 1969
41
Table 5.—-Major U.S. Government Transactions
[ Millions of dollars]
A.
1968
1968
Line
1
la
I
II
III
IV
I'
1,433
1,4*6
1,505
1,365
1,172
1,301
1,236
1,964
1,127
1,118
1,449
1,706
558
—71
392
388
—134
470
78
66
390
32
10
453
60
—14
366
295
—231
533
52
104
558
196
135
3
32
261
49
37
1
6
170
47
31
1
10
61
47
33
2
12
66
53
34
(*)
3
36
50
30
1
6
173
56
33
(*)
(*)
225
465
5
300
127
3,029
—1
54
368
2
63
38
745
3
52
53
1
86
45
814
33
50
16
1
79
17
739
—16
69
28
1
72
28
731
—21
36
254
1
62
22
676
(*)
31
32
3
92
55
861
—13
1,260
2,145
1,517
127
232
362
300
—5
9
405
516
370
38
74
92
63
i
2
419
572
382
45
64
88
86
—1
24
181
538
394
17
36
93
79
—1
—6
255
519
371
28
58
90
72
—1
—11
199
487
337
22
62
86
62
(*)
—3
486
609
380
55
82
89
92
—17
Estimated transactions involving no direct dollar outflow from the United States
Expenditures on U S merchandise
Expenditures o n U S services 2
_ . . _
Military sales contracts financed by U.S. Government credits?- * (line
B. 4)
.
U S Government credits 3to repay prior U S Government credits 2
U S Government credits to repay prior U S. private credits
Increase in claims on U.S. Government associated with Government grants and transactions increasing Government assets (including changes in retained accounts) (line B.7)
- Less foreign currencies used by U.S. Government other than for grants or credits (line A. 13)
Estimated dollar payments to foreign countries and international and regional organizations through
U S Government grants and transactions increasing Government assets
4,705
3,331
855
554
148
116
1,296
947
219
115
37
46
1,300
897
235
175
32
33
1,050
753
199
130
34
19
1,059
734
202
133
45
19
962
627
198
162
30
11
1,400
1,040
236
155
34
26
2
300
—5
63
15
86
—6
79
—2
72
—4
62
(*)
92
641
136
205
123
177
165
193
U.S. Government liabilities associated with specific transactions (table 1, line 56); net increase (+)
Seasonally adjusted
-
-138
-47
-61
-44
15
-43
-107
-4
15
-76
-94
32
86
Associated with military sales contracts 5
-----.
Seasonally adjusted
-U.S. Government receipts from foreign governments (including principal repayments on credits financins military sales contracts) net of refunds
Plus military sales contracts financed by U S Government credits 6 (line A. 29)
Less U S Government receipts from principal repayments
_-- -Less transfers of goods and services (including transfers financed by credits) (table 1 line 4)
-137
-22
-28
-60
6
-85
-141
31
27
-70
-80
-3
58
974
554
238
1,427
185
115
24
299
282
175
99
419
142
130
8
350
365
133
107
360
242
162
67
408
318
155
84
392
2
-5
-5
15
16
-6
-6
-2
-2
-4
ff
2
-5
(*)
15
-6
(*)
-2
(*)
-4
(*)
(*)
(*)
-3
49
-33
-10
-30
-3
-2
-10
35
28
1
-2
35
556
95
-10
105
-171
-45
-126
U.S. Government grants (excluding military) and transactions increasing Government assets, total (table
1 lines 29 42 and 43 with sign reversed)
- ... Seasonally adjusted
- - -- -
10
11
12
13
14
15
16
By category
Grants net
Credits repayable in foreign currencies
-- Other foreign currency assets (excluding administrative cash holdings), net
Receipts from—
Sales of 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 and credits
Other U S Government expenditures
Capital subscriptions to international and regional organizations, excluding IMF
Credits repayable in U S dollars
Other assets (including changes in administrative cash holdings) net
17
18
19
20
21
22
23
24
25
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
O ther assistance programs
Other foreign currency assets acouired (lines A 6 A 7 and 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
2
3
4
5
6
7
8
9
By disposition
26
27
28
29
30
31
32
33
34
B. 1
la
2
2a
3
4
5
6
7
7a
8
9
10
11
12
Associated with U.S. Government
Seasonally adjusted
Non-interest-bearing securities
Non-interest-bearing securities
Non-interest-bearing securities
Foreign funds retained in U S
Other
13
13a
14
15
16
Associated with other speci fie transactions
C. 1
2
3
1969
Seasonally adjusted
- -
-
-
- -
--
- ..-_
-
1,593
l
grants and transactions increasing Government assets (line A.32)..
- issued to IDA
issued to IDB
-issued to U N for special programs
Government accounts for purchases in the United States
---- -- -
--
-- —
-
Purchase of Columbia River downstream power rights
U S Government nonmilitary sales and miscellaneous operations
Nonmarketable U S Government obligations to be liquidated against U S . claims
Foreign holdings of nonmarketable medium-term U.S. Government securities, payable before maturity
only under speical conditons, not associated with specific transactions (table 1, line 57); net increase
(+)
.
ExDort-ImDort Bank Portfolio Certificates of Participation
U S Treasury securities not included elsewhere ^
' Revised.
v Preliminary.
*Less than $500,000 (±).
1. The identification of transactions involving direct dollar outflow from the United States
is made by the operating agency. Data for third and fourth quarters 1968 and first and second
quarters 1969 are based on extrapolations by OBE.
2. Line A.28 includes foreign currency collected as interest and line A.30 includes foreign
currency collected as principal, as recorded in lines A.6 and A.7.
3. Includes some short-term U.S. Government claims, net of collections.
4. 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.
5,347
I"
(*)
-19
-27
1
-6
-30
46
-19
-3
-17
1
51
-2
2,010
47
1,963
273
48
225
772
(*)
773
409
41
409
M
«
-4
5. Transactions under military sales contracts are those in which the Defense Department
sells and transfers military goods and services to a foreign purchaser, on a cash or credit basis.
The entries for the several categories of transactions related to military sales contracts in this
and the other tables are partially estimated from incomplete data.
6. 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.
7. Includes securities payaole in U.S. dollars and in convertible foreign currencies.
NOTE.—Details may not add to totals because of rounding.
Source: U.S. Department of Commerce, Omcs of Business Economics.
SUEVEY OF CUEEENT BUSINESS
42
September 1969
Table 6.—Claims on Foreigners Reported by U.S. Banks and U.S. Private Residents Other Than Banks
[Millions of dollars]
Line
I
IV
III
II"
I
Claims reported by U.S. banks:
A.
1
2
3
4
5
6
7
8
B.
II
Amounts
outstanding
June 30,
1969
1969
19 68
1968
Long-term (table 1, line 37, with sign reversed)
Canada
_
United Kingdom
European Economic Community
Other Western Europe
Japan
Other countries
.
....
..
Short-term (table 1, line 38, with sign reversed) •
9
10
11
12
13
14
15
U S -dollar loans
Canada
United Kingdom..European Economic Community
Other Western Europe
Japan
_
..
..
Other countries
16
17
18
19
20
21
22
U.S. -dollar acceptance credits ..Canada
United Kingdom
European Economic Community
Other Western Europe
Japan
- . ..
Other countries
23
24
25
26
27
28
29
U.S.-dollar collections outstanding
Canada
United Kingdom
European Economic Community _
Other Western Europe
Japan
Other countries _
-_._-..
30
31
32
33
34
35
36
Other claims in U.S. dollars
Canada
United Kingdom
European Economic Community _
Other Western Europe
Japan
Other countries
37
38
39
40
41
42
43
Foreign currency deposits and other claims
Canada
United Kingdom
European Economic Community
O ther Western Europe
Japan
Other countries
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
_.
.
.
. ...
.
-
.
..
.-.
- -
—49
-12
—2
-38
2
11
-21
—48
-20
27
— 121
— 121
—58
-71
13
-33
59
—44
-79
-11
121
-
.
- .
--
-
-
Short-term (table 1, line 40, with sign reversed)
-
---„
-
Of which: Deposits and money market assets
. .U.S.-dollar claims reported by major U.S. corpOTations
Foreign currency claims
Canada
.
. United Kingdom
European Economic Community
Other Western Europe
Japan
.
-...
Other countries
-
- --
—14
31
398
54
124
345
101
2,384
79
372
-73
566
9,188
156
17
15
26
—7
43
62
-34
-13
15
-37
-20
-12
33
42
3
-7
12
25
66
-57
119
39
-2
35
8
-47
86
3 323
-51
3
3
-11
—8
-78
4
-1
4
-25
44
291
10
4
14
11
211
41
3,067
73
109
6
2
9
13
83
—4
-143
— 119
-20
29
—61
—37
(*)
—30
3 406
-2
—13
1
10
—13
-11
10
—3
-13
(*)
10
—17
28
—15
-42
56
— 15
-133
208
109
189
193
515
2 109
181
6
13
11
5
71
75
78
6
3
-3
—7
48
31
-15
—1
1
4
—2
-34
17
6
-3
5
1
5
-5
3
112
4
4
9
9
62
24
-99
6
-3
-5
—6
-20
-71
114
—2
3
27
6
5
75
1,748
42
-30
23
—5
57
2
26
9
-52
—24
-16
8
57
-57
—18
—19
-24
—7
7
4
-2
23
(*)
-12
1
94
10
32
11
-3
15
29
71
94
30
-17
2
-3
-35
-49
—52
3
1
2
—8
5
532
194
124
16
14
83
101
12
-36
—27
31
12
(*)
32
-99
-61
—20
-20
(*)
-3
5
(*)
-19
2
5
-1
(*)
13
91
36
—4
46
8
5
-9
33
2
-38
-3
(*)
-3
91
42
9
22
2
9
7
518
193
46
104
31
48
96
174
61
99
3
47
32
15
-9
57
31
10
5
20
-3
-6
119
6
100
2
-3
2
12
66
2
23
-12
49
-3
7
127
8
4
13
9
(*)
-36
-34
9
-2
-4
6
—1
-42
960
298
609
88
-35
109
208
752
-7
431
135
10
23
160
-29
327
-45
319
49
16
-6
-6
106
503
58
430
32
-18
-3
4
24
64
-58
-76
74
43
20
61
107
497
3X1
176
-19
367
109
12
-10
38
280
265
15
-29
246
45
8
(*)
10
409
402
7
46
359
-43
-22
-74
— 11
-
-219
-28
-28
—1
4
—6
—8
-94
1
6
-49
—46
-16
-61
—45
19
6
-15
—15
-109
- ...
— 12
—8
-68
—4
-165
-22
9
4
-14
—5
7
—23
-159
. . - _ - - .
...
Claims reported by U.S. private residents other than banks :
Long-term (table 1 line 39 with sign reversed)
Canada
United Kingdom
European Economic Community
Other Western Europe
Japan
Other countries
Reported by brokerage concerns
Reported by others
Canada
United Kingdom
European Economic Community
O ther Western Europe
Japan..
_. . .
. . ...
O ther countries
— 140
1
12
89
-
-
—358
-195
1
-3
1
—15
-88
—91
—1
(*)
24
.
2
(*)
(*)
-1
-10
15
-111
—1
20
8
—5
(*)
5
3
9
32
-153
185
-73
-18
81
35
2
5
(*)
-142
38
-242
-20
-31
12
101
-104
-114
223
164
92
-44
26
-7
-8
83
46
42
151
1,828
917
22
31
125
74
749
747
1
2,086
-7
645
169
90
280
126
776
-31
4,353
(*)
-5
-26
-10
-67
35
16
7
-7
387
3,966
694
1,231
567
278
208
988
1,832
1,303
-17
-30
-2
8
196
142
54
171
67
-41
7
-6
-2
66
-8
(*)
-25
529
459
961
220
35
64
93
11
-92
57
126
20
58
239
603
-224
—193
-31
37
-220
-98
-145
47
-21
-110
Memorandum items:
26
27
U.S.-dollar deposits in Canadian banks:
As reported by major U.S. corporations other than banks (included
inline B. 18)
- .. As reported in Canadian banking statistics
p Preliminary.
*Less than $500,000 (±).
1. Lines B.1-B.25 are based on partial data.
—258
27
26
-59
-118
SUEVEY OF CUKKENT BUSINESS
September 1969
43
Table 7.-—U.S. Liquid Liabilities to Foreigners
[Millions of dollars]
Line
I
1 Liquid liabilities to all foreigners (table 1, lines 58 and 59; table 3, lines 8
through 12)
....
.
2
3
4
5
6
7
g
9
10
11
12
13
14
Central banks and governments
Demand deposits
.
Time deposits *
Other private obligations, mainly money market paper *
U.S. Treasury obligations:
Short-term securities
Payable in U.S dollars
Payable in foreign currencies
.
-
Bonds and notes, marketable
Bonds and notes, nonmarketable, convertible
Payable in U.S. dollars
Payable in foreign currencies
International Monetary Fund
. --
. . . ..
......
2
II
IV
III
Amounts
outstanding
June 30,
UP
I'
1969
3,946
32
979
338
1,306
-3,099
-1,358
-2,190
-38
487
-1,707
-556
11,250
—3, 096
—1,366
51
—333
59
—2 179
-38
—1,708
-553
10, 222
35
25
-33
487
152
-66
-884
-2, 036
— 2 036
— 36
712
To foreign official agencies
18 69
19 68
1968t
95
—558
-56
-2, 188
-637
— 2 499
311
—949
65
—379
-10
—359
100
-10
100
—3
g
3,382
-2
-106
— 184
-117
-137
-22
26
97
874
-396
-396
4,209
-1,345
-1,269
-76
(*)
—26
-49
—2
-61
-3
-25
(*)
-10
(*)
-49
-61
-25
-10
— 11
1,976
-270
581
622
59
g
2,038
-176
187
151
38,869
3,821
388
459
666
25
641
1
-3
1,028
3,124
4,567
22,158
(*)
638
2,205
954
457
2,297
702
-74
2,944
4,653
2, 555
550
1,751
530
-276
2,279
4,195
13,130
2 604
536
24
1 768
94
699
73
—399
-58
2,025
195
3,712
133
16, 105
1,646
745
-100
156
-78
343
177
5
69
-27
892
12
686
-7
._ -
374
4
103
44
223
-23
-147
21
22
23
Demand deposits
Time deposits *
.. _
Other private obligations, mainly money market paper 1
104
144
69
110
-5
3
—53
68
26
155
83
-7
-45
-38
12
-170
47
24
25
U.S. Treasury obligations:
Short-term securities
Bonds and notes
6
51
21
46
-14
9
—10
13
9
-17
18
30
(*)
-39
104
456
55
79
-86
19
43
-88
82
723
1
—1
1
15
22
9
-3
-24
-25
-1
12
23
-10
-11
-6
1
-22
117
8
-11
73
77
87
298
216
32
1
5
-39
75
-90
104
-34
3
9
214
47
15
15a
15b
16
17
18
19
20
26
To foreign commercial banks
-
--
Seasonally adjusted
To foreign branches of U S banks
- 3
Demand deposits
Time deposits *
Other private obligations, including loans and money market paper »...
U.S. Treasury short-term securities
. .
.
To other foreign residents and unallocated
To international and regional organizations not included above
27
28
29
Demand deposits
.
.
. . . - _ . - _ _ ._ .
Time deposits *
O ther private obligations, mainly money market paper * . _ -
30
31
U.S. Treasury obligations:
Short-term securities
Bonds and notes
-
_-_-._-.-
fData for 1968 include revisions that became available after publication of the June 1969
SURVEY.
'Revised.
v Preliminary.
"Less than $500,000(±).
1. With maturity of 1 year or less; negotiable certificates of deposit with a maturity of 1
year or less are included with money market paper.
— 162
-108
2
(*)
-
-415
-183
-1
176
38
24
4,372
35
4,738
1,789
1,991
398
2. Includes liabilities of U.S. monetary authorities for gold deposited by and held for IMF.
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.
3. These data are based on the accounts of the foreign branches, and are not strictly comparable to those shown on line 15 which are based on the accounts of U.S. banks.
SURVEY OF CURRENT BUSINESS
44
September 1969
Table 8.—U.S. International
[MiUions
European Economic Community
United Kingdom
Line
(Credits+; debits-)
1968
1968
1969
I
II
IV
III
UP
I'
1969
1968
1968t
I
II
III
IV
I'
HP
1 Exports of goods and services . . .
2
Excluding transfers under military grants
3,519
3,519
795
795
875
875
908
909
941
941
819
819
957
957
8,165
8,167
1,779
1,779
2,164
2,165
2,057
2,058
2,165
2,165
1,827
1,827
2,403
2,404
3
4
5
6
1,959
322
(*)
278
455
70
(*)
59
492
66
514
87
(*)
62
396
103
526
86
123
1,562
41
(*)
140
1,581
117
(*)
113
1,851
102
80
1,371
64
(*)
104
1,316
112
51
6,068
363
-2
479
1,554
141
71
498
100
(*)
86
97
133
49
176
147
19
9
39
35
5
12
46
35
5
18
43
38
5
10
47
39
5
8
41
37
4
12
45
37
4
115
281
237
27
16
60
61
6
31
67
61
6
41
69
58
9
27
85
58
6
23
69
58
5
36
62
58
6
281
159
130
68
31
23
71
41
36
55
44
22
86
44
48
105
43
31
67
49
51
439
113
45
61
27
9
144
28
10
98
28
12
135
30
14
107
28
12
109
30
17
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
Incpme on U.S. investments
abroad:
Direct investments 2
Other private assets
U.S. Government assets
14
.
-3,686
-803
-947
-1,027
.-909
-804
-1,173 -8,840 -2,034 -2,231 -2,375 -2,200 -1,700 -2,538
-2, 053
-172
-467
-461
-48
-97
-523
-39
-137
-564
-40
-130
-505
-45
-103
-372
-60
-86
-594 -5, 918 -1,407 -1,487 -1,524 -1,500 -1,025 -1,711
-262
-290
-46 -1,082
-269
-281
-280
-269
-675
-201
-140
-139
-146
-139
-189
-197
Travel
Private payments for other services
U.S . Government payments for other services
-198
-198
-14
-16
-50
-3
-60
-50
-4
-90
-49
-3
-32
-49
-4
-16
-57
-3
-70
-56
-4
-400
-79
-67
-50
-20
-14
-94
-19
-15
-200
-20
-19
-56
-20
-19
-40
-21
-17
-115
-22
-16
Income on foreign investments
in the United States:
Private payments 2
U.S. Government payments
-534
-49
-114
-14
-122
-12
-140
-12
-159
-11
-202
-9
-255
-9
-355
-265
-73
-69
-80
-78
-93
-49
-109
-69
-113
-55
-134
-64
-167
-166
-8
-8
-73
-73
-119
-118
33
33
15
15
-216
-216
-675
-673
-67
-66
-318
-317
-35
-35
127
127
-135
-134
Imports of goods and services..
15
16
17
Merchandise, adjusted, excluding military
Military expenditures
Transportation
18
19
20
21
22
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
-60
-61
-14
-14
-15
-15
-16
-16
-15
-16
-12
-12
-16
-16
-84
-86
-18
-18
-19
-19
-26
-26
-22
-22
3
3
-2
-3
27
28
29
30
Private remittances _ _
-Military grants of goods and services
Other U.S. Government grants
U.S. Government pensions and other transfers
-43
(*)
-10
(*)
-11
-11
(*)
-8
-11
1
2
1
26
21
-4
-4
-21
4
(*)
(*)
-30
(*)
-4
8
2
-1
-93
(*)
-4
-11
(*)
(*)
-5
-23
-23
-24
-227
-22
-88
-135
17
2
-85
-344
-57
130
-137
-360
124
-286
-73
-399
-18
-240
-129
-12
-84
-512
-406
64
-131
-66
-425
-166
-181
-81
2
-280
-398
«H
31
Balance on goods, services, and unilateral transfers (lines
23 and 25, or 24 and 26).
32
Transactions in U.S. private assets, net ; increase in assets (— ) .-1,087
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
Short-term
.
_ __
41
Transactions in U.S. Government assets, excluding official
reserve assets, net; increase in assets ( — )
42
43
Loans and other long-term assets
Foreign currencies and other assets
44
45
Repayments on credits:
Scheduled
Nonscheduled (including sales of foreign obligations to
foreigners) .
46
47
48
49
50
Transactions in U.S. official reserve assets, net; increase in
assets ( — )
Gold
Convertible currencies
Gold tranche position in IMF
Transactions in foreign assets in the United States, net;
increase in foreign assets (U.S. liabilities) (+)
2
51
52
53
Direct investments
U.S. securities other than Treasury issues
Longi-term liabilities reported by U S banks
54
55
Other liabilities reported by U.S. private residents other
than bank$:
Long-term
Short-term
56
57
Nonmarketable liabilities of U.S. Government, including
medium-term securities payable prior to maturity
only under special conditions:
Associated with specific transactions
Other medium-term securities
58
59
60
U.S. Treasury marketable or convertible bonds and notesDeposits and money market paper held in the United
States.
Errors and omissions, and transfers of funds between
foreign areas, net; receipts by foreign areas (— ).
-486
-759
-19
-273
-12
-22
16
-95
5
-47
4
(*)
4
-13
3
-36
5
-32
1
-66
23
41
5
29
7
4
4
-3
7
11
5
70
3
30
-12
-74
2
3
-11
-26
-6
-2
3
-49
1
-21
13
-17
121
22
38
122
21
-47
49
-15
13
-38
-4
44
-1
-99
-99
-448
2
-318
9
-441
-10
72
-100
239
-23
-85
-4
66
-3
-178
4
-50
-5
-78
-2
-5
12
-45
69
-13
-34
-174
-46
-47
-81
1
-44
-1
72
29
-24
-7
74
-17
-255
11
-56
10
-70
-3
-83
1
-45
2
-86
-1
-42
-4
-101
-7
-22
(*)
-31
-7
-36
-14
-12
14
-25
1
-41
9
25
1
44
41
3
40
139
13
38
15
43
6
36
7
66
7
(*)
18
24
84
138
-755
302
-290
-587
-180
-75
-174
84
138
-315
-440
258
44 *
-193
-97
-240
-347
-140
-40
26
-101
-275
101
2,830
3,398
1,272
1,522 -1,076
1,459
-25
19
13
212
1,287
-3
100
241
-4
54
251
1
14
381
(*)
44
413
(*)
24
381
(*)
96
188
-375
-
-364
-5
-232
-255
-255
70
372
380
-358
-520
835
-961
900
-528
-50
430
-358
-15
-505
2,512
1,111
1,834
263
-126
-696
-156
-725
630
11
114
528
-16
60
138
-16
26
235
(*)
35
69
(*)
-7
85
(*)
32
67
(*)
294
117
41
-49
122
21
-1
132
132
13
3
8
-5
-30
271
356
87
62
55
141
-10
47
139
106
76
13
1
-2
-42
-21
36
-44
-13
-20
-38
(*)
-119
758
-34
125
-122
263
-15
124
52
246
-54
125
-66
124
52
1,465
43
915
9
1,384
17
55
-17
-889
19
2,721
-1
-3
-730 -1,367
-50
138
-51
-61
584 -1,590
-49
1,167
-1,051 -1,592
671
-898
-115
-35
3,499 -1,375
1,074 -2, 585 -3,229
570
116
1,364
437 -1,347
1,123
-647
SUEVEY OF CUEKENT BUSINESS
September 1969
45
Transactions, by Area
of dollars]
Other Western Europe
Eastern Europe
Canada
1
1969
1968
1969
1968
1968
1968
1968
UP
HP
I
II
III
IV
4,237
3,865
1,022
905
1,056
954
1,101
1,017
1,059
990
1,025
943
1,216
1,121
254
254
62
62
57
57
62
62
72
72
48
48
72
72
10,910
10,910
2,533
2,533
2,516
124
371
495
601
25
117
109
623
24
102
128
680
40
84
138
612
35
69
119
582
40
82
93
730
45
95
146
222
56
50
51
65
40
64
8,141
39
1,904
12
3
1
1
1
1
69
78
119
47
11
16
30
12
19
18
30
12
19
16
29
12
20
27
30
11
15
26
28
14
18
20
28
20
15
2
4
1
4
1
196
112
110
46
28
26
42
29
29
31
28
24
76
28
32
86
28
33
55
31
28
3
9
1
1
1
1
lr
1969
Line
1968
I
III
II
IV
lr
5
4
1
1
5
1
1
ii
r)
II
UP
III
IV
2,833
2,833
2,574
2,574
2,970
2,970
2,903
2,903
3,177
3,177
1
2
2,154
9
1,827
13
2,256
5
2,235
8
2,412
9
lr
1
161
35
40
44
42
34
43
3
4
5
6
5
1
638
268
166
8
145
58
42
1
160
57
42
2
223
83
41
2
110
70
42
2
184
65
41
1
230
61
41
1
7
8
9
10
1
1
849
634
7
195
142
(*)
199
167
4
188
151
3
268
174
(*)
175
160
(*)
192
190
(*)
11
12
13
(*)
4
(*)
I
-4,035
-959 -1,001 -1,089
-987
-827 -1,213
-234
-67
-56
-62
-49
-48
-65 -10,510 -2,248 -2,621 -2,758 -2,883 -2,627 -3,063
-2, 216
-279
-617
-569
-79
-129
-539
-66
-177
-539
-72
-175
-569
-62
-136
-425
-62
-120
-685
-56
-190
-206
-1
-3
-63
(*)
-48
(*)
-50
(*)
-45
(*)
-1
-44
(*)
-57
(*)
-1
-327
-43
-43
-42
-12
-10
-84
-10
-9
-150
-10
-10
-51
-11
-14
-47
-13
-12
-105
-12
-11
-15
(*)
-8
-1
(*)
-2
-4
n
-1
(*)
-2
-1
-5
-2
-1
-413
-98
-93
-26
-95
-23
-108
-24
-117
-26
-121
-26
-130
-24
-1
(*)
201
-170
63
-54
54
-48
12
-72
72
3
199
117
3
-92
20
20
-5
-5
2
2
-667
-295
-187
-70
-184
-82
-165
-81
-131
-62
-146
-64
-181
-86
-30
-30
-5
-5
-13
-13
-4
-4
-8
-8
-169
-371
-35
-91
-46
-117
-40
-84
-4
-37
-38
-69
-5
-19
-40
-82
-4
-19
-46
-95
-20
-20
-9
-2
-2
2
-17
-46
-102
-18
-18
-15
-6
-1
-1
-9
-2
-465
-124
-130
-153
-59
53
-178
-10
-9
-11
0
-74
15
-20
-103
-195
-46
-62
-87
20
-20
6
-6
7
-3
2
-2
121
88
12
56
48
34
-47
-42
-6
-1
-117
-249
4
34
R
-62
-34
-4
-188
-33
-4
-463
-34
-4
-107
-35
-55
-70
-32
-2
-210
-29
-3
18
19
20
-313
-89
-74
-19
-78
-24
-81
-24
-79
-23
-91
-27
-99
-23
21
22
8
8
400
400
285
285
212
212
-184
-184
87
87
276
276
115
115
23
24
-4
-4
-6
-6
-11
-11
8
8
-7
-7
-13
-13
1
1
1
1
-18
-18
25
26
-3
-2
-3
27
17
3
-4
10
11
0
-1
-1
-4
i
-1
2
-1
-1
-37
-9
-10
-10
-10
-10
-10
27
28
29
30
-5
16
-4
2
389
293
206
-197
88
276
97
31
8
-4
3
-5
-1,365
-71
-528
-374
-393
-758
-321
32
-594
-946
190
35
7
-247
55
-20
-286
-238
50
9
-232
-215
50
(*)
-82
-246
35
46
-187
-386
35
26
-53
-176
40
-117
33
34
35
36
-1
74
12
84
-2
34
-1
-1
-10
-43
28
-140
2
-37
37
38
-61
-62
-9
47
-15
-80
-31
57
-6
-86
-2
-132
-8
28
39
40
23
10
1
-9
-4
2
41
1
-4
-5
-3
-1
-3
4
42
43
(*)
(*)
(*)
(*)
23
23
(*)
(*)
-6
(*)
(*)
(*)
(*)
(*)
(*)
-37
-170
-13
-90
5
-10
5
5
4
-29
46
5
15
-7
6
7
-10
-29
-24
-21
-20
-47
3
27
-49
1
-9
-7
-60
-5
-34
-18
-23
-67
10
2
2
9
-3
5
9
24
-84
(*)
-50
10
-60
(*)
-55
-6
-49
-7
-100
-5
-20
12
-6
4
-4
4
-4
2
-7
2
-5
4
7
—4
-3
128
1
23
1
35
26
44
33
(*)
34
4
18
4
2
11
2
6
2
31
23
8
367
371
-107
131
-28
-32
-12
-50
-300
121
149
218
38
333
80
-187
27
104
4
-32
26
-58
-17
5
— 50
-50
-250
1,854
39
335
911
570
289
-479
1,221
-29
1,617
(*)
18
362
5
-38
376
-6
-11
432
(*)
2
447
1
15
509
-10
10
11
-1
-26
473
1
108
174
24
21
-3
61
22
43
65
49
62
-55
1
-3
-7
21
29
20
28
10
10
-18
10
9
-19
-20
20
(*)
(*)
50
-115
86
-506
8
-83
-41
474
-3
(*)
31
-225
39
-556
(*)
-1,565
-241
-73
-752
-499
-250
906
(*)
(*)
-3
(*)
1
-1
1
-1
(*)
(*)
(*)
• (*}
—2
(*)
(*)
-2
4
3
(*)
-5
(*)
1
-12
4
6
(*)
(*)
(*)
(*)
1
(*)
-12
6
-1
26
3
(*)
-12
(*)
(*)
3
-16
1
44
45
127
2
2
2
46
2
2
2
47
48
49
247
270
505
-129
50
12
100
1
-76
100
-1
141
141
(*)
53
40
(*)
51
52
53
-4
15
-2
-5
(*)
25
1
-49
-4
2
54
55
1
100
1
500
-8
250
-29
200
1
19
-250
56
57
127
11
692
69
112
(*)
-31
161
1
-1
-14
-35
1,050
5
(*)
(*)
(*)
2
5
(*)
121
(*)
3
-1
-4
14
15
16
17
-820
-136
-66
-2
(*)
(*)
-8, 594 -1,944 -2, 168 -2, 031 -2, 451 -2, 288 -2, 572
-72
-80
-285
-67
-66
-78
-77
-53
-53
-46
-56
-39
-208
-49
5
-12
5
-343
87
-338
82
-1
51
-6
-95
2
49
4
265
-1
12
58
59
-14
8
-12
-219
44
-501
195
42
-21
349
60
(*)
(*)
SURVEY OF CUKRENT BUSINESS
46
September 1969
Table 8.—U.S. International
[Millions
Latin American Republics and Other Western Hemisphere
Line
(Credits +; debits -)
1968
1968
Japan
1969
1968
1969
1968
I
II
III
IV
I'
UP
I
IV
III
II
UP
P
1 Exports of goods and services _
-_
2
Excluding transfers under military grants .. - -
8,952
8,887,
2,070
2,038
2,292
2,283
2,275
2,262
2,316
2,305
1,922
1,913
2,524
2,514
3,789
3,789
930
930
924
924
936
936
1,000
1,000
905
905
1,091
1,091
Merchandise, adjusted, excluding military
..
Transfers under military sales contracts
.Transfers under military grants, net .. . . _ . ..
Transportation
5,275
63
65
451
1,179
17
32
104
1,343
17
9
114
1,376
16
13
123
1,377
12
11
110
1,067
8
9
90
1,518
6
10
119
2,959
31
(*)
227
732
7
(*)
53
715
8
(*)
59
728
8
(*)
61
784
8
(*)
54
692
4
(*)
48
862
4
755
228
267
74
170
47
63
21
205
59
66
20
194
57
69
16
186
66
69
18
173
45
65
17
224
63
66
21
51
41
148
11
12
9
36
2
12
12
37
3
15
9
38
4
12
11
37
3
13
12
44
3
17
11
44
12
1,232
406
137
316
93
28
316
103
40
284
100
28
317
110
41
314
102
32
336
117
45
60
227
36
12
57
10
14
56
9
8
58
9
26
56
8
23
58
9
10
62
9
3
4
5
6
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
._ _
. . .. . ... -
14
Imports of goods and services.
--- --- - - - -
60
-7,206 -1,865 -1,746 -1,842 -1,753 -1,797 -1,952 -5,156 -1,071 -1,245 -1,430 -1,411 -1,192 -1,646
15
16
17
Merchandise, adjusted, excluding military __ _
Military expenditures
Transportation
-5, 155 -1, 332 -1, 242 -1,307 -1,274 -1,201 -1,381 -4, 071
-41
-46
-581
-188
-53
-48
-50
-46
-210
-70
-74
-64
-73
-81
-276
-68
18
19
20
Travel
Private payments for other services U.S. Government payments for other services
-1, 042
-132
-163
-287
-31
-40
-259
-35
-35
-269
-35
-44
-227
-31
-44
-322
-32
-41
-280
-36
-37
-60
-18
-16
-12
-4
-4
-16
-4
-4
-16
-5
-4
-16
-5
-4
-12
-5
-3
-18
-5
-6
21
22
Income on foreign investments
in the United States:
Private payments 2
.
U.S. Government payments.. __ ..
..
-234
-17
-55
-4
-55
-5
-62
-4
-62
-4
-72
-6
-86
-5
-164
-37
-37
-7
-40
-7
-44
-9
-44
-14
-47
-20
-53
-20
23
24
Balance on gooods and services (lines 1 and 14)
1,746
Excluding transfers under military grants (lines 2 and 14) . 1,681
205
173
546
537
433
420
563
552
125
116
572 -1,368
562 -1,367
-141
-141
-321
-321
-494
-494
-412
-411
-287
-287
-555
-555
25
26
Unilateral transfers, net; transfers to foreigners (— )
.
Excluding military grants.
. . . .. .. ..
-494
-429
-137
-105
-140
-131
-107
-94
-110
-99
-108
-99
-36
-36
-8
-8
-8
-8
-9
-9
-11
-11
-8
-8
-8
-8
-149
-65
-245
-35
-37
-32
-60
-9
-37
-9
-85
-8
-36
-13
-50
-9
-40
-11
-50
-9
-41
-9
-47
-11
-28
(*)
(*)
-8
-6
(*)
(*)
-2
-6
(*)
(*)
-2
-7
(*)
____
-9
(*)
1,253
68
406
326
453
18
-148
-329
-504
27
28
29
30
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
Transactions in U.S. private assets, net; increase inassets(— )
-143
-133
-44
-10
-79
-11
429 -1,403
-823
-135
-49
-977 -1,156 -1,115
-141
-145
-160
-51
-56
-54
-820
100
-203
-330
-387
72
-218
7
-47
173
33
34
35
36
Direct investments 2
Foreign securities newly issued in the United States
Redemptions
Other transactions in foreign securities
-572
-144
30
-85
-32
-36
5
-24
-165
-36
8
-11
-176
-5
10
-25
-199
-67
7
-24
-58
-16
9
-30
-186
-3
5
-19
-77
-3
6
6
-5
-13
-3.
1
1
37
38
Claims reported by U.S. banks:
Long-term.
Short-term
181
-176
114
12
6
-10
52
-130
9 ,,
-48
39
96
2
-20
58
41
8
-59
39
40
Claims reported by U.S. residents other than banks:
Long-term
.
. _
Short-term..
. .. _. _.
.
...
75
-129
54
7
1
4
12
-68
8
-72
7
25
6
-3
(*)
-23
-678
-170
-157
-184
-167
-93
-148
-992
22
-238
3
-241
-4
-248
9
-264
14
-164
1
288
3
64
2
87
(*)
55
(*)
82
(*)
71
65
28
12
17
8
7
65
28
12
17
8
7
821
-56
255
75
547
-10
186
95
1
3
7
-9
80
47
-8
9
-52
5
94
93
7
57
4
11
-7
27
1
19
9
-27
-18
2
-6
-5
-18
1
1
5
-25
41
42
43
44
45
46
47
48
49
50
___.-_.
Transactions in U.S. Government assets, excluding official
reserve assets, net; increase in assets (— ).
Loans and other long-term assets
Foreign currencies and other assets . .
. ...
Repayments on credits:
Scheduled
Nonscheduled (including sales of foreign obligations to
foreigners)
Transactions in U.S. official reserve assets, net; increase in
assets (— ).
Gold
Convertible currencies
Gold tranche position i n I M F
.
_
.
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
54
55
Other liabilities reported by U.S. private residents other
than banks:
Long-term
Short-term
56
57
Nonmarketable liabilities of U.S. Government, including
medium-term securities payable prior to maturity
only under special conditions:
Associated with specific transactions.
. _ ...
Other medium-term securities
... ._ ... ...
60
-422
-6
(*)
-...-...
-6
-295
-564
-2
57
-176
51
-190
-27
-32
-27
11
-9
3
-1
1
5
-2
-22
20
166
16
82
14
-148
8
61
13
-170
1
6
-2
3
3
-19
-2
-13
3
8
101
15
-26
12
100
29
-11
-239
5
-133
-12
-32
-6
-46
-7
-29
1
-26
(*)
-29
9
-47
1
83
2
146
100
54
27
40
25
100
49
36
147
39
1,005
25
45
364
571
260
-100
-1
55
-17
-6
68
-127
60
2
214
2
1
75
2
1
51
-18
1
47
(
75
23
1
6
(*)
25
(*)
11
4
(*)
12
(*)
-2
-9
37
-5
-3
1
-3
1
-3
1
1
1
(
:\3
.
51
52
53
58
59
""-2
-901 -1,315
-151
-165
-52
-65
U.S. Treasury 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 (— ).
(*)
1
531
-65
113
107
376
124
62
707
-61
-641
30
-313
96
-454
-150
-101
290
155
fLines 50, 59, and 60 for 1968, total, II, III, and IV, have been revised.
' Revised.
v Preliminary.
*Less than $500,000 <±)
1. Includes transactions with shipping companies operating under the flags of Honduras,
http://fraser.stlouisfed.org/
Liberia, and Panama.
Federal Reserve Bank of St. Louis
(*)
\
(*)
(*)
(
(*)
*\o
15
-1
(*)
(*)
0
1
3
(*)
-14
321
461
227
-111
138
70
-73
-44
864
SURVEY OF CURRENT BUSINESS
September 1969
47
Transactions, by Area-—Continued
of dollars]
Australia, New Zealand and South Africa
1968
Other countries in Asia and Africa
International organizations and unallocated 1
1969
1968
1969
1968
1968t
1968
I
II
III
IV
11^
I"
1969
1968f
I
II
III
IV
Line
UP
Ir
I
II
III
107
107
IV
129
129
2,099
2,099
487
487
581
581
523
523
507
507
413
413
521
521
9,049
8,645
2,203
2,115
2,337
2,225
2,271
2,142
2,237
2,164
1,848
1,779
2,680
2,559
1,384
179
338
35
368
74
355
35
323
36
250
39
356
32
91
20
25
25
21
19
27
5,074
306
404
511
1,306
69
88
124
1,344
80
113
132
1,216
97
130
132
1,208
61
73
123
867
95
69
96
1,566
108
122
151
231
54
57
61
59
40
81
96
1
6
19
25
(*)
10
18
24
(*)
15
17
24
(*)
9
27
24
0
6
18
22
(*)
8
19
22
(*)
53
113
236
164
9
28
59
42
13
26
58
47
18
27
59
36
13
32
60
39
10
26
58
39
15
30
59
44
13
116
2
29
3
29
5
29
34
11
1
42
14
7
40
11
1
45
14
9
46
11
1
33
14
10
1,730
185
273
370
45
63
416
42
66
442
51
64
503
47
80
471
55
63
460
54
72
38
61
1
2
20
1
8
11
160
49
18
-1,103
-259
-286
-298
-260
-252
-329 -6, 565 -1,471 -1,666 -1,758 -1,670 -1,580 -1,931
-923
-33
-74
-212
-8
-18
-241
-8
-19
-255
-8
-19
-215
-9
-18
-198
-11
-20
-273 -3, 784
-10 -1,910
-24
-254
-816
-452
-59
-25
-2
-25
-9
-1
-7
-6
-1
-6
-4
-1
-6
-6
-1
-6
-9
-1
-7
-7
-1
-6
-135
-17
-241
-26
-4
-62
-13
-7
-3
-2
-4
-2
-3
-2
-3
-2
-4
-2
-6
-2
-164
-61
996
996
228
228
296
296
226
226
247
247
161
161
193
193
-20
-20
-5
-5
-6
-6
-5
-5
-5
-5
-17
-4
-5
-4
-4
459
459
108
108
115
115
I'
UP
142
142
1
159
159
2
43
62
3
4
5
6
3
29
2
30
2
30
11
23
17
8
42
24
1
51
13
11
12
13
-144
-200
-194
-140
-170
14
-113
-120
-116
-97
-123
15
16
17
7
8
9
10
-744
-206
-52
-52
-464
-115
-47
-4
-58
-108
-9
-1
-52
-46
-5
-3
18
19
20
-44
-17
-49
-19
-41
-80
-10
-20
-11
-20
-10
-18
-10
-22
-14
-25
-18
-26
21
22
568
494
268
198
749
628
-285
-285
-98
-98
-37
-37
-72
-72
-79
-79
2
2
-11
-11
23
24
-563
-433
-548
-474
-472
-403
-635
-513
-124
-124
-12
-12
-39
-39
-26
-26
-46
-46
-35
-35
-45
-45
25
26
-93
-113
-319
-25
-97
-130
-310
-27
-95
-73
-346
-34
-96
-69
-280
-27
-97
-122
-388
-28
(*)
(*)
(*)
-123
-12
-39
-26
-46
-34
-44
27
28
29
30
122
-50
20
-205
114
-409
-110
-76
-98
-125
-33
-56
31
-974 -1, 033
-470
-498
-69
-63
-961
-490
-63
-40
-4
-61
-36
-4
-59
-33
-4
-60
-25
-4
-59
-39
-14
-39
-15
-44
-15
-42
-17
2,484
2,080
732
644
672
559
513
383
-5
-5
-5 -2,178
-5 -1,773
-517
-429
-550
-437
-4
-4
-87
-88
-312
-30
-881 -1,148
-503
-535
-49
-71
-1
-3
-1
-1
-1
-1
-1
-371
-404
-1,287
-1
-116
976
223
290
221
242
156
188
307
215
-184
-15
-87
-22
-60
15
-25
-888
-370
-234
-71
-212
-183
-486
-346
-98
81
-25
-304
-80
-60
32
-168
-32
-68
-19
-48
-17
-30
12
-9
3
-4
3
2
3
-4
3
—3
4
2
-462
-176
22
-2
-296
-25
5
4
-170
-29
8
4
-6
-41
5
-2
11
-82
4
-7
-205
-47
11
17
-244
-53
5
-6
-158
-390
176
•26
-39
-85
15
11
2
-68
136
10
22
-63
10
7
-143
-174
15
-2
-40
-115
56
20
-74
-2
7
9
33
34
35
36
34
-21
22
-1
-9
1
8
-10
13
-11
11
18
23
-18
-144
-40
-67
6
-25
-8
1
-12
-53
-26
40
5
-14
-171
(*)
(*)
(*)
(*)
(*)
(*)
(*)
37
38
-23
-9
-5
2
-12
-4
(*)
-6
—8
-3
2
-2
-16
-70
-7
10
11
-25
-6
-10
-14
-45
-11
8
1
-4
(*)
(*)
(*)
(*)
(*)
(*)
39
40
-168
-60
-61
-51
4
-37
6 -1,272
-449
-383
-186
-254
-274
-478
-48
-26
-25
-10
-24
41
-224
-2
-62
(*)
-73
(*)
-53
(*)
-36
-2
-40
1
-25 -1,681
46
(*)
-643
120
-396
-94
-275
5
-368
15
-579
224
-448
-109
-53
-29
-25
-12
-24
42
43
58
(*)•
2
13
2
42
(*)
2
337
26
72
2
105
2
65
19
96
3
81
1
78
1
5
3
-815
-13
(*)
31
2
2
1
432
144
160
122
6
-3
-24
2
2
1
432
144
160
122
6
-3
-24
24
-36
8
17
(*)
(*)
-2
-13
34
-1
-8
(*)
-1
(*)
-1
3
3
-415
-1
3
-23
-364
-32
44
45
-229
46
55
44
11
-1
-1
-870
-57
-426
-23
-364
-31
-228
47
48
49
-16
54
22
139
9
363
-3
166
233
-33
-198
-173
204
9
-101
68
229
75
67
50
1
4
-1
-5
9
18
(*)
11
39
(*)
12
-9
-2
129
271
(*)
19
38
(*)
48
44
-1
44
141
-2
18
48
3
21
-61
-2
15
-86
130
11
-37
-49
-36
33
79
-13
124
40
187
-1
-24
23
51
52
53
1
-8
-1
2
-1
1
2
-2
.
1
8
1
-15
(*)
10
4
6
1
44
(*)
(*)
(*)
19
35
-19
9
<\
10
13
25
5
110
16
-10
48
-45
2
12
(*")
10
28
183
n
(*)
(*)
54
55
(*)
56
57
12
-1
15
-2
-2
1
-139
-39
-92
-8
-21
-27
-32
24
14
80
-3
-271
-116
55
10
-220
-175
-149
202
95
-59
94
72
-110
60
59
-650
-112
-128
-201
-208
-274
-178
1,058
463
170
-47
473
863
1,047
1,414
239
536
75
564
78
303
60
(*)
(*)
(*)
(*)
(*)
2. Excludes undistributed profits of subsidiaries.
NOTE.—Details may not add to totals because of rounding.
http://fraser.stlouisfed.org/
Source: U.S. Department of Commerce, Office of Business Economics.
Federal Reserve Bank of St. Louis
(*)
(*)
-1
8
58
SUEVEY OF CUEEENT BUSINESS
48
September 1969
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]
1968
1969
1968f
Line
IV
III
II
All areas:
1
2
3
Total increase
Through known transactions with the United States
Through other transactions
-863
—219
-644
-1,093
215
-1,308
165
-105
270
-1,420
—2,446
1,026
-720
-325
-395
500
-368
739
493
246
632
279
353
2
1
1
623
408
215
-558
-738
180
1,403
1,259
144
3,547
3,648
-101
136
-224
-1,112
-1,887
775
871
-831
1,702
4,053
1,046
3,007
1,804
181
1,623
-274
385
-659
-1,423
-352
-1,071
2,826
238
2,588
n.a.
372
n.a.
-12
13
-25
6
9
-3
-13
16
-12
-4
5
-6
11
-408
—525
117
-545
-512
-33
121
-331
452
-37
222
-259
53
95
-42
271
251
20
16
362
346
543
—63
606
-59
-6
-53
127
-186
313
122
225
-103
353
-95
448
128
-18
146
55
-42
97
-58
-152
1
124
-123
321
392
-71
462
387
75
228
183
45
-105
754
-859
1,333
134
-139
273
225
-159
384
119
-178
297
187
-194
381
203
-193
396
-104
-182
78
230
1, 230
-1,000
100
490
-390
210
384
-174
118
99
19
-198
257
-455
-151
683
-834
-175
875
-1,050
-1,201
610
—1,811
67
268
-201
-1,025
23
-1,048
265
-573
-135
-63
-72
-198
141
Western Europe, including United Kingdom:
4
5
Total increase
Through known transactions with the United States
Through other transactions
United Kingdom:
7
Total increase
Through known transactions with the United States
Through other transactions
Eastern Europe:
10
11
12
Total increase
Through known transactions with the United States
Through other transactions
Canada:
13
14
15
Total increase.
Through known transactions with the United States
Through other transactions
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
726
999
-273
94
Australia, New Zealand, and South Africa:
22
23
24
Total increase
Through known transactions with the United States
Through other transactions
665
Other countries in Asia and Africa:
25
26
27
Total increase
Through known transactions with the United States
Through other transactions
International organizations and unallocated:
28
29
30
Total increase
Through known transactions with the United States 2
Through other transactions
»• Revised.
» Preliminary.
n.a. Not available.
tData for 1968, total, II, III, and IV for world, United Kingdom, other countries in Asia
and Africa, and international organizations and unallocated, have been revised.
1. Total increase represents changes in reported gold reserves of foreign central banks and
governments (including international organization 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 (table 1, line 49).
Changes through known transactions with the United States represents for each of the separate
areas shown the sum (with sign reversed) of table 8, 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): 1968,1, -52.
-339
Changes through other transactions equals "Total increase" less "Changes through known
transactions with the United States." For "All areas" this difference represents known
acquisitions (+) or sales (—) of gold by foreign central banks and governments outside the
United States. The net acquisitions of gold 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, net of changes in their convertible currencies included in U.S. official reserve assets resulting from U.S. transactions with
other areas, and from unrecorded transactions with the United States.
2. Includes transactions with shipping companies operating under the flag of Honduras,
Liberia, and Panama.
NOTE.—Detail may not add to totals due to rounding.
Source: U.S. Department of Commerce, Official of Business Economics.
U.S. GOVERNMENT PRINTING OFFICE: 1969
O-360-735
CURRENT BUSINESS STATISTICS
J.HE STATISTICS here update series published in the 1967 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.50) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1963 through 1966 (1956-66 for major quarterly series), annually, 1939-66; for selected series,
monthly or quarterly, 1947-66 (where available). Series added or significantly revised after the 1967 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (|), respectively; certain revisions for 1966 issued too late for inclusion in the 1967 volume appear in the monthly
SURVEY beginning with the September 1967 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.
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1966
1968
II
Annual total
| III
1967
IV
I
II
1968
III | IV
I
II
1969
III
i | ii
IV
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
Gross national product, total f
. _ _ _ - bil. $.
749.9
793.5
865.7
743.3
755.9
770.7
774.2
783.5
800.4
816.1
835.3
858.7
876.4
892.5
908.7
924.8
Personal consumption expenditures, total
do
466.3
492.3
536.6
461.9
471.2
474.5
480.9
489.8
495.7
502.6
520.6
530.3
544.9
550.7
562.0
572.8
Durable goods, total 9
Automobiles and parts
_ _
Furniture and household equipment
do
do
do
70 8
30.3
29.9
73 0
30.5
31.3
83 3
37.0
34.2
68 5
28.9
29.4
71.3
30.2
30.6
71.9
30.5
30.7
70.0
28.4
30.7
73.5
31.3
31.2
73.3
30.9
31.2
75.2
31.2
32.2
79.5
34.8
33.4
81.8
35.6
33.8
85.8
38.6
35.0
86.3
39.0
34.6
88.4
39.4
35.5
90.6
40.0
36.8
206.9
40 3
105.8
16.6
215.1
42 5
108.1
17.7
230.6
46.3
115.0
19.1
206.4
39 9
106.0
16.5
209.6
41.1
106.7
16.7
209.1
40.9
105.6
17.0
213.2
41.7
107.8
17.3
214.4
42.6
107.6
17.5
215.8
42.9
108.1
17.9
216.8
42.7
108.9
18.1
226.1
45.0
112.6
18.9
228.5
45.6
114.8
18.8
233.3
47.4
116.1
19.5
234.3
47.3
116.4
19.5
238.6
48.1
118.4
20.4
242.1
50.0
119.1
21.0
188.6
27 1
67.5
13.6
204.2
29 1
71.8
14.7
222.8
31 2
77.4
16.1
186.9
26 9
67 0
13.5
190.2
27 6
67.9
13.6
193.5
27.9
69.0
14.1
197.7
28.2
70.1
14.4
201.8
29.0
71.1
14.5
206.6
29.3
72.3
14.8
210.6
30.1
73.7
15.0
215.1
30.5
75.2
15.5
220.0
30.7
76.7
15.9-
225.8
31.6
77.9
16.3
230.1
31.9
79.8
16.5
235. 0
32.7
81.3
17.1
240.1
33.1
82.8
17.3
Nondurable goods, total?
Clothing and shoes
Food and beverages
_
Gasoline and oil
Services, total 9 -_ _ _
Household operation
Housing
Transportation
. _ ..do _
do
do
do. __
-
_ _ - _
_ _
do
do
do
do
121.4
116.0
126.3
122.4
119.6
126.2
113.6
109.4
117.7
123.3
119.4
126.6
125.2
133.9
135.2
137.4
.do
do
do
do _
do
. . .do
do
_ _ .do
106.6
81 6
28.5
53.1
25 0
24.5
14.8
15.0
108.6
83 7
27.9
55.7
25.0
24.4
7.4
6.8
119.0
88 8
29.3
59.5
30.2
29.6
7.3
7.4
106.3
80 3
28 2
52.1
26 0
25.4
16.2
16 2
107.7
83 0
29.0
54.0
24.7
24.2
11.9
12.4
106.3
84 2
28.2
56.0
22.1
21.5
19.9
20.4
104.7
83.3
29.0
54.2
21.4
20.9
9.0
9.1
106.1
83 0
27.2
55.8
23.1
22.5
3.4
3.0
109.9
83 5
27.8
55.7
26.5
25.9
7.8
7.0
113.8
85.0
27.8
57.2
28.8
28.3
9.5
8.0
117.7
89.1
29.8
59.4
28.6
28.0
1.6
1.3
116.7
86.4
28.3
58.1
30.3
29.7
9.9
10.3
118.0
88.1
29.0
59.1
29.9
29.4
7.2
7.5
123.4
91.5
30.1
61.4
31.9
31.4
10.5
10.7
128.6
95.3
32.3
63.0
33.3
32.8
6.6
6.6
130.5
97.8
32.1
65.7
32.7
32.2
6.9
6.7
do
___».do
do
5.3
43.4
38 1
5.2
46.2
41 0
2.5
50.6
48 1
5.6
42.7
37 1
4.4
43.7
39 3
4.9
44.8
39.9
5.4
45.8
40.4
5.8
45.9
40.1
5.6
46.3
40.7
3.8
46.7
42.8
1.9
47.7
45.9
3.4
50.7
47.3
3.6
53.4
49.7
1.2
50.6
49.4
1.5
47.6
46.1
1.6
57.1
55.5
Govt. purchases of goods and services, total.. do
Federal.
_
do
National defense
do
State and local . _
...
do
156.8
77.8
60 7
79.0
180.1
90.7
72 4
89.3
200.3
99.5
78 0
100.7
153.4
75 6
58 5
77 7
160.7
80.5
63 3
80. 1
165.2
82.1
65 6
83.0
174.2
87.8
69.9
86.4
178.5
90.3
71.9
88.1
181.3
91.3
73.0
90.0
186.4
93.5
74.6
92.9
193.4
96.3
76.1
97.1
198.4
99.0
77.9
99.4
202.5
100.9
78.8
101.7
206.7
101.9
79.3
104.8
210.0
101.6
79.0
108.5
212.9
100.6
78.5
112.3
By major type of product: f
Final sales, total _ .
Goods, total
_ _
Durable goods
Nondurable goods
Services..
Structures
735.1
368 5
146 2
222 3
289.1
77 5
786.2
391 0
157 0
234 1
316.7
78 4
858.4
423 7
171 4
252 3
347.5
87 1
727 1
363 5
142 6
220 9
285 8
77 9
744.0
373 4
148 1
225 3
293.2
77 4
750.8
377.2
151.8
225 4
298.4
75.3
765.2
382.5
151.9
230.7
306.4
76.3
780.2
392.5
158.3
234.2
312.0
75.6
792.6
393.3
157.7
235.5
320.1
79.3
806.6
395.8
160.0
235.9
328.4
82.4
833.6
412.8
166.4
246.5
335.0
85.8
848.8
419.3
168.9
250.4
343.4
86.0
869.2
429.9
173.7
256.1
353.2
86.1
882.0
433.0
176.6
256.4
358.5
90.6
902.1
441.3
181.6
259.7
365.8
94.9
917.9
449.6
185.5
264.1
373.4
94.8
14.8
10 5
4.3
7.4
39
3.5
73
53
2.0
16 2
10 6
5.6
11.9
10 2
1.7
19.9
13.2
6.7
9.0
4.2
4.7
3.4
1.5
1.8
7.8
4.4
3.4
9.5
5.6
3.9
1.6
1.9
-.3
9.9
6.8
3.1
7.2
5.1
2.1
10.5
7.4
3.1
6.6
4.8
1.8
6.9
4.9
2.1
Gross private domestic investment, total
Fixed investment
Nonresident ial
Structures
_ _ _
Producers' durable equipment
Residential structures
Nonfarm .
_
Change in business inventories
Nonfarm
_
..
Net exports of goods and services
Exports..
_.
Imports
_
Change in business inventories..
Durable goods
Nondurable goods.
do
do
do
do
do
. . . do
do
do
do
_.. _ do
GNP in constant (1958) dollars
Gross national product, total f -Personal consumption expenditures, total
Durable goods.
Nondurable goods
Services.
_
bil. $._
658.1
674.6
707.6
655.0
660.2
668.1
666.5
670.5
678.0
683.5
693.3
705.8
712.8
718.5
723.1
726.7
do
418.1
430.3
452.6
415.1
421.3
420. 7
424.4
430.5
431.9
434.3
445.6
449.0
458.2
457.6
462.9
466.2
do
do
do
71.7
187.0
159 4
72.8
190.3
167 2
80.7
196.9
175 0
69.6
186.9
158 5
72.3
188.7
160 2
72.3
187.0
161.5
70.3
190.2
163.9
73.9
190.6
166.1
73.0
190.3
168.6
73.9
190.2
170.3
77.7
196.0
171.8
79.5
195.8
173.7
83.0
198.7
176.5
82.7
197.2
177.7
84.3
199.3
179.3
85.9
199.3
181.0
105.4
do
109.3
100.8
105.7
110.8
107.1
112.5
100.5
95.7
101.6
101.2
106.6
104.1
110.9
109.9
110.8
Fixed investment
. _
Nonresidential
Residential structures
Change in business inventories
do
do
do
do
95 4
74 1
21 3
13.9
93.9
73 6
20 3
6.9
99 1
75 8
23 3
6.6
95.4
73 2
22 2
15.3
96.0
75 0
20 9
11.1
94.0
75.4
18.6
18.5
92.0
74.1
17.9
8.5
92.6
73.5
19.0
3.1
94.3
73.1
21.2
7.4
96.7
73.8
23.0
8.7
99.8
77.1
22.7
1.5
97.6
74.0
23.5
9.0
97.7
75.0
22.7
6.4
101.4
77.3
24.1
9.6
104.0
79.4
24.6
5.9
104.8
81.0
23.8
6.0
Net exports of goods and services
do
4.2
3.6
.9
4.8
3.2
3.3
4.0
4.2
4.1
2.0
.9
1.3
1.7
-.2
-.3
-.5
Gross private domestic investment, total
Govt. purchases of goods and services, total, .do
148.4
124.3
128.7
126.5
140.0
Federal
.
do
67.3
65 4
74 8
78 9
63 8
State and local
.do
61.4
61.1
65.2
69.5
60.5
r
Revised.
v Preliminary.
t Revised series. Estimates of national income and product
and personal income have been revised back to 1965 (see p. 13 ff. of the July 1969 SURVEY);
360-735 O - 69 - 5
150.2
150.2
148.9
148.8
150.6
140.4
141.7
145.6
137.6
131.6
140.1
76.3
79.4
78.3
79.6
79.2
77.3
75.5
75.7
72.8
75.1
68.6
73.9
70.8
72.3
69.3
69.6
68.3
64.9
66.0
64.8
63.0
65.0
revisions prior to May 1968 for personal income appear on p. 26 ff. of the July 1969 SURVEY.
9 Includes data not shown separately.
Sr-1
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
1968
Annual total
1968
1967
1966
IV
September 1969
I
II
III
IV
I
II
1969
III
IV
I
II
III
IV
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
bil $
620.6
654.0
714.4
637.3
639.3
646.2
658. 5
672.0
688.8
707.4
724.1
737.3
751.3 ' 765. 7
do
435.5
467.4
513.6
449.7
456.2
461.1
470.7
481.7
495.1
507.0
519.8
532.3
546.0
558.2
do
do
do
do
do
394.5
316.8
14.6
63.1
41.0
423.5
337.3
16.2
70.0
43.9
465.0
369.0
18.0
78.0
48.6
407.4
326.2
15.5
65.7
42.3
413.2
330.2
15.8
67.2
43.0
417.7
333.0
15.9
68.8
43.4
426.5
339.6
16.1
70.8
44.2
436.5
346.3
17.0
73.2
45.1
448.2
355.9
17.3
75.0
47.0
459.0
364.5
17.6
76.8
48.0
470.7
372.7
18.7
79.3
49.1
482.1
382.8
18.3
80.9
50.2
493.3
392.5
18.2
82.5
52.7
504.3
402.0
18.4
84.0
53.8
do
do
do
do
61.3
45.2
16.1
20.0
61.9
47.2
14.7
20.8
63.8
49.2
14.6
21.2
60.8
45.8
15.0
20.3
60.8
46.5
14.3 .
20.6
61.7
47.1
14.7
20.8
62.6
47.8
14.8
20.9
62.3
47.5
14.9
21.0
63.2
48.4
14.8
21.1
63.6
49.2
14.3
21.2
64.1
49.3
14.8
21.2
64.1
49.7
14.4
21.4
64.6
49.7
14.9
21.5
66.5
50.1
16.4
21.6
82.4
79.2
87.9
83.7
78.3
78.3
79.1
81.1
82.5
88.2
90.6
90.3
89.5
' 89. 2
9.7
72.7
42.6
18.6
24.0
10.5
68.8
39.0
18.1
20.9
11.5
76.4
44.4
19.9
24.5
10.1
73.6
42.9
18.7
24.2
10.2
68.1
39.2
18.2
21.0
10.3
68.0
38.8
17.9
20.8
10.5
68.6
38.3
18.0
20.4
10.8
70.3
39.5
18.3
21.2
11.0
71.6
41.1
19.1
22.0
11.2
76.9
44.9
19.8
25.1
12.1
78.5
45.4
20.4
25.0
11.9
78.5
46.2
20.4
25.8
12.3
77.2
45.1
20.3
24.7
12.7
'76.5
44.9
21.0
23.9
11.9
18.2
10.8
19.0
11.6
20.4
11.9
18.9
10.9
18.0
10.7
18.5
10.8
19.5
10.9
19.9
11.3
19.1
11.5
20.6
12.0
21.0
11.6
20.7
11.8
20.3
11.7
19.9
84.2
34.3
49.9
20.8
29.1
-1.8
21.4
80.3
33.0
47.3
21.5
25.9
-1.1
24.7
91.1
41.3
49.8
23.1
26.7
-3.2
28.0
83.2
33.9
49.3
20.2
29.1
.5
22.8
78.4
32.3
46.1
21.1
24.9
-.1
23.5
79.1
32.6
46.4
21.7
24.8
-.7
24.3
79.5
32.5
47.0
22.0
25.0
-.4
25.1
84.4
34.5
49.9
21.1
28.8
-3.3
25.9
87.9
39.9
47.9
22.2
25.7
-5.3
26.7
90.7
41.1
49.7
22.9
26.7
-2.6
27.5
91.5
41.4
50.0
23.6
26.5
-.9
28.4
94.5
42.9
51.6
23.8
27.8
-4.2
29.3
95.5
43.4
52.2
23.8
28.4
-6.1
29.8
'95.4
'43.6
'51.8
24.3
'27.5
-6.2
30.3
bil $
do
do
do
do
587.2
75.4
511.9
479.3
32.5
629.4
82.9
546.5
506.2
40.4
687.9
97.9
590.0
551.6
38.4
605.0
79.4
525.6
487.8
37.7
615.2
80.8
534.4
494.5
40.0
622.2
80.6
541.6
503.9
37.7
634.5
84.1
550.3
509.7
40.7
645.9
86.1
559.8
516.6
43.1
664.3
89.3
575.0
535.1
39.9
680.1
92.7
587.4
545.1
42.3
696.1
102.6
593.4
560.2
33.2
711.2
107.0
604.3
566.2
38.0
724.4
114.2
610.2
577.7
32.5
740.5
118.5
622.0
588.8
33.3
bil $
do
do
.do
60.63
26.99
13.99
13.00
61.66
26.69
13.70
13.00
64.08
26.44
13.51
12.93
17.00
7.75
4.07
3.68
13.59
6.10
3.08
3.02
15.61
6.81
3.46
3.34
15.40
6.48
3.33
3.15
17.05
7.30
3.82
3.48
14.25
5.79
2.96
2.82
15.86
6.50
3.22
3 28
16.02
6.63
3.37
3.25
17.95
7.52
3.95
3.57
15.21 ' 17. 73'U8.16 2 19. 76
8.57
6.21 '7.35 '7.56
4.43
3.26 '3.83 '3.91
4.14
2.95 '3.52 '3.64
_ do
do
do
do
do
do
1.47
1.9S
3.44
8.41
5.62
12.74
1.42
1.53
3.88
9.88
5.91
12.34
1.42
1.34
4.31
11.54
6.36
12.67
.38
.55
.86
2.36
1.58
3.52
.32
.41
.70
1.84
1.35
2.87
.34
.41
1.12
2.46
1.49
2.99
.37
.35
.98
2.66
1.46
3.09
.39
.36
1.07
2.92
1.62
3.39
.36
.37
.98
2.33
1.48
2.93
.36
.36
1.04
2.97
1.51
3.11
.34
.30
1.12
2.96
1.50
3.18
.35
.30
1.18
3.28
1.86
3.46
.36
.32
1.06
2.66
1.68
2.91
National income total f
Compensation of employees total
Wages and salaries, total
Private
Military
Government civilian
Supplements to wages and salaries
Proprietors' income total 9
Business and professional 9
Farm
Rental income of persons
Corporate profits and inventory valuation adjustment total
bil $
By broad industry groups:
Financial institutions
do
Nonfinancial corporations total
do
Manufacturing total
do
Nondurable goods industries
do
Durable goods industries
do
Transportation, communication, and public
utilities
bil $
All other industries
do
Corporate profits before tax total
Corporate profits tax liability
Corporate profits after tax
Dividends
Undistributed profits
Inventory valuation ad justment
Net interest
do
do
do
do
do
do
do
DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income, total
Less* Personal tax and nontax payments
Equals: Disposable personal income
Less: Personal outlays©
Equals: Personal saving§
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
Manufacturing
Durable goods industries^
Nondurable goods industries^
Mining
Railroad
Transportation, other than rail
Public utilities
Communication
Commercial and other
_
'.41
'.35
' 1.14
'3.38
1.86
'3.23
.38
.40
1.20
3.34
'.41
.40
'1.12
'3.35
' 35. 31 3 5.88
Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing.
Durable goods industries!
Nondurable goods industries!
do
do
do
do
62.80
27.75
14.50
13.25
61.65
27.85
14.20
13.70
61.50
27.00
13.75
13.25
60.90
26.15
13.50
12.65
62.70
26.00
13.50
12.55
64.75
26.35
13.65
12.70
62.60
25.80
12.80
13.00
63.20
26.65
13.65
13.05
65.90
26.85
13.90
12.95
68.90
28.20
15.00
13.20
Mining
Railroad
_
Transportation, other than rail
Public utilities
Communication
Commercial and other__ _
do
do
do
do
do
do
1.45
2.35
3.50
8.50
5.95
13.30
1.40
1.80
3.05
9.20
5.75
12.55
1.30
1.55
3.90
9.70
5.80
12.25
1.45
1.40
4.10
9.80
6.05
11.95
1.50
1.40
4.45
10.65
6.05
12.65
1.55
1.65
4.35
11.60
6.35
12.85
1.40
1.40
3.65
11.65
5.90
12.80
1.35
1.20
4.60
10.90
6.15
12.35
1.35
1.15
4.80
12.00
6.95
12.75
1.45
1.55 ' 1.65 ' 1.60
1.50
1.35 '1.35
1.70
4.85
4.80 '4.00 '4.65
13.05 ' 13. 20 ' 12. 70 12. 20
7.25
7.40
12.75 ' 13. 30 ' 321. 20 3 21. 55
11, 196
7,564
210
1,640
1,782
11,461
7,688
333
1,612
1,828
11,484
7,723
335
1,580
1,846
11,577
7,669
239
1,801
1,868
11, 667
7,601
332
1,879
1,855
11,934
7,941
305
1,771
1,917
12, 668
8,395
353
1,973
1,947
13,344
8,879
406
2,040
2,019
-38, 082 -41,012 -48,077 -9,973 -10,100
I mports of goods and services
do
-25,463 -26,821 -32,972 -6, 676 -6, 660
Merchandise, adjusted excl military
do
-987 -1,085
Military expenditures
do
-3, 764 -4, 378 -4,530
-2, 142 -2, 362 -2,932
-591
-584
Income on foreign investments in the U.S__do
Other services
__do
-6, 713 -7,451 -7,643 -1,719 -1,771
Unilateral transfers, net (excl. military grants);
transfers to foreigners ( — )
mil $
-640
-691
-2,833 -2,998 -2,865
r
Revised.
p Preliminary.
1
Estimates for July-Sept. 1969 based on anticipated capital expenditu res of bu siness.
2 Estimates for Oct.-Dec. 1969 based on anticipated capital ex penditure s of busiiless. Ant icipated expenditures for the year 1969 are as follows (i ibil. $): -All indust ries, 70.8 5; manu acturing, total, 29.68; durable goods industries, 15.43; no idurable iroods indiistries, 14 .25; mini ng,
1.56; railroad, 1.47; transportation,
4.52; public util ities, 12.7 i; commu nication , 7.55; cc m3
mercial and other, 13.33.
Includes communicatic HI.
fSee corresponding note on p. S-l.
9 Includes iiiventory valuation adjustmt jnt.
-10,033
-6, 465
-1,075
-591
-1,902
-10,173
-6, 542
-1,106
-580
-1,945
-10,706
-7, 154
-1,112
-607
-1,833
-11,463
-7,817
-1,102
-671
-1,873
-11,827
-8, 131
-1,116
-742
-1,838
-12,435
-8, 566
-1,143
-770
-1,956
'
'
'
'
70. 20 ' 1 72. 25
29. 30 ' 30. 45
15. 35 ' 15. 80
13. 95 ' 14. 60
2 72. 10
30.55
15.50
15.05
U.S. BALANCE OF INTERNATIONAL
PAYMENTScf
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants)
mil $
Merchandise adjusted excl military
do
Transfers under military sales contracts
do
Income on U S investments abroad
do
Other services
do
43, 361
29, 389
829
6,252
6,891
46, 189
30,681
1,239
6,872
7,397
50, 599
33, 598
1,428
7,701
7,872
12,653 '11,913 pl4, 184
8,383 ' 7, 469 p 9, 588
364
'418
^331
1,917 ' 2, 120 p 2, 135
1,989 ' 1, 906 p 2, 130
-12,352
-8,458
-1,169
-749
-1,976
'-11,550 p-13,901
'-7,572 p-9, 595
'-1,204 p-1,217
'-892 p-1,078
'-1,882 p-2,011
I
'-601 p-765
-774
-635
-690
-766
-648
-823
-836
0P(>rsonal o utlays c amprise personal cons urn fDtion exi>enditure s, intere st paid by consumer s, and pe rsonal tr ansfer pa yments 1 o foreign ers.
§Pei sonal sa^ring is ex cess of d] sposable income (r>ver pers onal out] ays.
HDa ta for in dividual durable and non durable g oods inc ustries componer its appear in the
Mar., Tune, Se] Dt., and ' Dec. issu js of the SURVEY.
cfM ore comp lete deta ils are giv en in the quarterl y reviews in the ]V: [ar., Jun 3, Sept., and Dec.
. of the J une 1969 issue.
issues of the Si7EVEY. Ilevised c at a back to 1960 appear o n p. 29 flf
SURVEY OF CUKKENT BUSINESS
September 1969
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
1968
Annual total
II
I
1969
1968
1967
1966
IV
S-3
III
IV
I
II
III
IV
I
II
III
IV
July
Aug.p
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
U.S. BALANCE OF INTERNATIONAL
PAYMENTS §— Con.
Quarterly Data Are Seasonally Adjusted
Transactions in U.S. private assets, net; increase
(— )
mil $
-4,311
Transactions in U.S. Govt. assets, excl. official
reserve assets; increase (— )
mil. $.. -1,535
Transactions in U.S. official reserve assets, net;
increase (— )
mil $
568
Transactions in foreign assets in the U.S., net (U.S.
liabilities); increase (-{-)
mil $
3,323
Liquid assets
do
789
Other assets
do
2,534
Errors and omissions net
do
-490
Balance on liquidity basis— increase in U.S. official
reserve assets and decrease in liquid liabilities to
all foreigners; decrease ( — )
mil $
-1,357
Balance on official reserve transactions basis —increase in U.S. official reserve assets and decrease in
liquid and certain nonliquid liabilities to foreign
official agencies; decrease (— )
mil $
266
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
-5, 654 -5, 158 -1, 192 -1,068 -1,014 -1,775 -1,797
-2, 419 -2, 250
52
-880
-379
-6
6.853 ' 9, 277 1,104
3,492
313
'712
791
3,361 8,565
-1,007 ' -641 -110
-3, 544
'168
-3,418
1,638
-307
-654
-542
1,027
-419
335
-532
867
-308
1,970
749
1,221
-624
-495
-330
239 -1,711
1968
-677
-375
-181
2,198
1,406
792
-69
2,350
1,869
481
-6
-1,031 -1,688
-71
-917
-806
-738
904
-947
'-1,345 p- 1,971
-639
-527
-346
'-463 p-624
-137
-571
-1,076
-1, 537 -1,868
Aug.
Sept.
-48 p-299
' 3, 334 v 4, 213
' 1, 701 v 4, 010
P203
' 1, 633
-1,239 p-838
1,215 r 2, 645 ' 2, 515 ' 2, 902
'214
-340
'710
'128
2,517
1,805
2,688
1,555
'309 ' -60 '
-410 ••-480
-564
'9
'-139
-379
1,553
97
'862 '-1,653 p-3,711
' 1, 143 p 1, 243
'367
1969
1968
July
Annual
-719
-546
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
May
Apr.
June
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCE t
Seasonally adjusted, at annual rates: f
Total personal income
629 4
687.9
691 0
696.1
701.1
706.2
711.5
716.0
718.7
723.9
730.7 ' 735. 3
740.0
746.1 ' 751. 4
756.6
423.5
166.5
134 2
100.3
465.0
181.5
145 9
109.2
467.2
181.8
146 7
109 7
470.3
182.7
147 1
110.8
474.5
184.6
148 6
111.8
478.2
186.2
149 6
112.5
482.2
187.5
150 5
113.5
485.8
189.6
151 8
113.3
489.3
190.1
152.4
114.6
492.6
190.6
152.5
115.6
497.9
193.8
154.9
116.4
500.8
195.2
155.8
117.2
503.8
196.2
156.3
118.3
508.5
198.3
157.8
119.5
512. 8
198. 9
158. 5
120. 1
517.0
200.3
160.2
121.2
do
do
do
70.5
86 2
22 1
78.3
96 0
24 2
78 3
97 3
24 2
78.8
98 0
24.5
79.6
98 4
24.7
80.8
98 7
24 8
82.0
99 1
25.0
83.0
99 9
25.1
84.5
100 1
25.3
85.6
100 8
25.5
86.3
101.4
25.6
86.4
101.9
25.8
87.0
102.3
25.9
87.8
102.9
26.1
'88.0
105.9
26.3
88.7
106.9
26.4
do
do
47 2
14 7
49 2
14 6
49 2
14 7
49 2
15 0
49.5
14 7
49 5
14 5
49 7
14 3
49 8
14 4
49.5
14 5
49.8
14 9
49.7
15 3
'49.8
15.8
50.1
16.4
50.4
16.9
'50.5
16.8
50.5
16.8
20.8
21 5
48.3
52 0
21.2
23 1
54.1
59 2
21. 2
23 4
54 2
59 7
21.3
23 6
54.8
60 4
21.3
23 7
55.4
60 3
21.3
23 9
56.0
61 2
21.4
24 0
56.7
61 5
21.4
23 6
57.3
62 1
21.4
23 6
57.4
63 0
21.5
23 8
57.6
63 5
21.5
24.1
57.9
64.3
21.5
24.2
'58.3
64.7
21.6
24.3
58.8
64.9
21.6
24.5
59.2
65.2
21.7
24.6
59.5
'65.7
21.7
24.8
59.8
66.1
20.6
22.6
22.8
22.9
23.0
23.2
23.2
23.4
25.3
25.3
25.6
25.7
25.8
26.1
26.4
26.6
709. 5 ' 713. 5
717.7
723.4
' 728. 8
733.8
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
_
Rental income of persons
do
Dividends
_
do
Personal interest income
do
Transfer payments
do
Less personal contributions for social insurance
bil. $..
Total nonagricultural income
do
'
'
'
'
670.9
675.5
47, 848
3,701
4,779
5,507
5,714
4,920
4,280
44, 386
18 847
25, 539
5 962
15 406
3 827
3,547
1 417
2,130
501
1 275
334
3,682
1 521
2,161
487
1 312
344
4,348
2,025
2,323
478
1 453
375
5, 318
2 767
2,551
495
1 652
385
4,883
2 712
2,171
479
1 316
360
4,247 ' 3, 830 ' 3, 019 ' 3, 122 '3,111 ' 3, 320 ' 3, 447
'872
'943
2 154 ' 1, 624 ' 1, 000
'887 ' 1 132
2,179 ' 2, 238 ' 2, 433 '2,315
2,206
2,093
2,019
524
518
514
462
552
' 533
501
1,356 ' 1 523' 1 440
1 212
1 309 1 219 1,295
'318
'332
352
343
297
'315
318
132
133
131
137
136
138
131
123
138
136
132
140
161
175
151
197
240
165
181
235
141
157
187
136
142
141
143
112
87
131
116
82
141
115
76
145
123
124
123
126
130
124
123
123
122
128
132
125
147
168
132
186
234
150
170
229
126
150
191
119
133
147
122
'97
80
' 111
97
'68
118
94
'57
121
158.1
165.3
160.3
163.3
169.5
170.7
169.1
166.3
166.5
170.5
173.1 ' 171.9 ' 172. 4
159 7
163.7
154.6
123.8
184.9
166.8
169.8
163.0
126.4
202.1
160 4
164.1
155.7
127.1
163.0
160.5
166.3
130.7
170.7
170.6
170.8
128.6
173.4
173.5
173.3
122.8
171.4
174.2
168.0
126.8
167.5
172.6
161.2
126.3
167.0
171.4
161.4
124.1
172 1
175.3
168.0
124.2
175.1
178.6
170.8
125.4
173.7
177.7
168.6
130.2 '
174.4
178.3
169.5
132. 9
' 178. 7
'182.4
' 174. 2
' 134. 6
'
'
'
'
167. 4
170. 2
164. 0
127. 7
174.1
173.3
175.0
133.5
158.3
148 5
159.0
145.1
179.4
164.9
156 6
175.0
150.8
182.6
159.1
149 6
153.5
148.3
179.6
162.0
154 2
141.5
158.3
178.6
171.9
165 9
178.5
161. 9
184.6
172.6
167.5
192.7
159.5
183.6
169.2
161.7
191.2
152.3
185.4
165.6
155 8
181.5
147.6
186.6
166.6
158.9
183.9
150.9
183.1
169.3
161 8
186.0
154.1
185.4
171.9
163 9
189.1
156.0
189.0
168.6
159.0
183.0
151.4
189.1
168. 4
158. 2
182. 1
150. 5
190.4
' 174. 3 '
' 165. 8 '
' 191. 1 '
157.8
' 192. 4 '
166. 5
156. 4
156. 2
171.5
163.7
162
188. 3
188.1
609.7
667.9
45, 772
42, 693
18 401
24, 292
5 743
14 534
3,645
680.9
686.1
691.5
695.9
698.5
703.1
FARM INCOME AND MARKETINGS t
Cash receipts from farming, including Government
payments, 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
rndexes of cash receipts from marketings and CCC
loans, unadjusted: J
All commodities. _
1957-59-100
Crops
do
Livestock and products
do
Endexes of volume of farm marketings, unadjusted: J
All commodities
1957-59=100__
Crops
_
do
Livestock and products
do
' 3, 888 ' 3, 146 ' 3, 345 ' 3, 262 ' 3, 356 ' 3, 457
123
77
'158
98
' 58
127
4,252
3,837
1 455
2,383
518
1 453
392
3,988
1,577
2,410
499
1,515
378
' 128
'98
' 150
142
126
154
148
137
156
'107
'90
' 119
125
130
122
127
132
124
INDUSTRIAL PRODUCTION rf 1
Federal Reserve Index of Quantity Output
Unadj., total index (inch utilities) d1.- 1957-59 =100
By industry groupings:
Manufacturing, total
do
Durable manufactures
do
Nondurable manufactures
do
Mining
do
Utilities
.__
do
By market groupings:
Final products, total
Consumer goods
Automotive and home goods
Apparel and staples
_
.
Equipment, including defense
do
do
do
do
do
Materials .
do
157 8
164 5
165 7
161 3
167 5
Durable goods materials .
do
151.9
157.8
155.1
153. 1
157 4
Nondurable materials
do
163.9
173.7
167.6
176.3
177.9
'Revised.
v Preliminary.
§ See note marked "<?" on p. S-2.
t See corresponding
note on p. S-l. J Series revised beginning 1960 (Alaska and Hawaii are included in dollar
figures beginning 1960 and in the indexes from 1966 only); available monthly data prior to
May 1968 may be obtained from the U.S. Dept. of Agriculture, Economic Research Service.
'
'
'
'
177.0 ' 167. 8
173.8
169 0
174 8 ' 176 1 ' 179 4 ' 168 9 175.6
169 5
166 4
174 3
166 9
171 5
158.9
162 8
159.6
157 0
165 9 166 4 ' 167. 4 ' 171. 9 ' 161. 1 166
158 2
179.3
179.6
176.0
176.2
180.6
182.8 183.4 ' 185. 0 ' 187. 1 ' 177. 1 185
c? Revisions for 1966 appear on p. 20 of the Nov. 1967 SURVEY; those cfor Jan.-Aug. 1967 will
be shown later.
9 Includes data for items not shown separately.
Corrected.
SURVEY OF CUKKENT BUSINESS
S-4
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1968
1968
July
Annual
September 1960
Aug.
Sept.
Oct.
1969
Nov.
Dec.
Jan.
Feb.
May
Mar.
Apr.
July
Aug."
June
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTIONtf-Continued
Federal Reserve Index of Quantity Output— Con.
158.1
165.3
166.0
164.6
165.1
166.0
167.5
168.7
169.1
170.1
171.4
171.7 ' 172. 5 ' 173. 8 ' 174. 6
174.3
159.7
166.8
167.4
165.7
166.4
167.8
169.1
170.2
170.2
171.8
173.1
173.0 ' 173. 8 '174.9 ' 175. 5
175.5
do
do
do
do
do
do
163.7
132.5
126.8
153.2
161.9
158.1
169.8
137.1
130.8
159.9
167.9
162.2
170.8
145.8
146.6
153.6
166.2
159.7
167.8
122.8
112.9
153.9
166.3
159.1
168.7
120.6
107.3
166.2
167.6
161.1
169.3
123.1
108.1
174.0
172.2
165.1
171.3
129.3
115.8
173.8
173.5
168.3
172.4
135.4
124.6
180.7
175.6
170.3
173.0
139.5
126.8
179.6
176.4
170.1
174.5
143.6
133.7
183.4
177.6
174.5
175.9
146.2
139.0
186.9
178.5
175.8
175.7
176.7 ' 178. 4
147.9 '149. 3 ' 154. 0
141.2 ' 141. 6
146.8
186.2 '184.3 ' 190. 8
179.2 ' 180. 8
178.3
173.1 ' 173. 8
174.4
178.6
151
141
Machinery..
do
Nonelectrical machinery .
do
Electrical machinery
do
Transportation equipment 9
do
Motor vehicles and parts ..
do
Aircraft and other equipment ... _do
183.4
183.4
183.3
165.7
146.5
182.1
184.3
181.0
188.5
179.5
171.4
185.0
182.7
179.8
186.5
183.2
174.3
189.3
183.8
179.1
190.1
181.7
175.4
185.7
186.4
182.6
191.4
180.5
173.5
184.7
186.1
183.7
189.3
180.4
177.0
181.0
187.4
184.4
191.4
180.2
177.7
179.6
188.6
185.3
193.0
176.4
172.3
177.0
191.8
188.3
196.4
171.2
167.3
170.9
192.7
189.6
196.9
173.1
167.7
174.1
194.7
190.2
200.7
174.1
167.6
176.0
194.6
190.8
199.5
172.4
160.8
178.7
196.9
193.1
201.8
171.8
156.8
180.8
197. 1 ' 198. 9
195. 3
197.6
199. 5 '200.7
176. 6 ' 181. 5
169. 1
174.4
'179.5 ' 184. 1
199
196
202
181
174
183
Instruments and related products
Clay, glass, and stone products
Lumber and products _
Furniture and
fixtures.
Miscellaneous manufactures
do
do
do
do
do
184.8
138.7
116.9
167.7
157.3
184.2
146.2
122.1
178.3
161.4
179.2
145.2
120.6
177.8
161.1
182.6
147.5
114.7
178.6
161.4
184.3
150.0
119.4
179.7
162.0
185.8
151.8
119.4
180.4
162.1
188.5
150.4
126.1
181.7
162.5
189.7
151.2
132.3
182.9
165.3
191.6
156.2
122.5
186.8
166.2
190.4
156.5
126.7
186.5
164.7
192.8
153.4
130.8
187.0
165.7
195.4
155.1
122.6
188.9
167.6
195.7 ' 192. 9
195.3
153.4
156.9 ' 155. 3
115.4
'
115. 5
120.7
190.2 ' 189. 9 ' 186. 6
167.5
168.1 '166.6
194
154
do
do
do
do
do
154.6
142.0
147.6
106.3
153.6
163.0
151.3
149.9
111.3
163.8
163.0
150.9
150.4
107.0
164.1
163.0
151.4
149.0
109.5
164.1
163.6
152.0
149.9
109.3
166.1
165.9
153.3
152.1
113.0
166.7
166.3
155.1
152.5
111.7
170.1
167.4
153.5
149.2
109.2
169.9
166.7
152.9
148.1
105.0
171.1
168.3
152.0
147.9
101.3
173.9
169.5
152.9
150.2
105.6
175.0
169.6
170.6 ' 171. 2
170.3
154.2 r 156. 5 ' 157. 8
154.9
147.8 r 150. 0
149.9
103.4 r 107. 6
104.8
175.8 r 174. 9 ' 175. 1 175.9
171.5
do
do
do
do
do
146.8
134.2
149.5
136.1
221.6
261.7
139.6
149.5
134.7
150.0
140.9
151.2
138.4
152.3
140.8
140.7
141.9
142.2
152.4
141.2
231.3
273.4
131.0
152.1
141.7
234.4
276.7
140.2
153.0
141.4
235.2
277.7
142.7
152.7
155.9 ' 156. 5
137.5
141.3
142.8
239.1 ' 239. 5 ' 239. 1
284.9
283.3 '285.2
142.2
143.5 '145.4
240.6
139.5
152.3
139.5
231.8
275.0
141.2
158
222.4
264.4
151.1
137.7
221.0
193.5
132.6
130.1
146.0
120.3
220.0
222.4
223.4
225.8
135.8
132.7
152.6
120.9
135.1
132.7
147.9
123.4
223.1
135.3
131.5
155.7
123.1
136.1
132.8
153.7
119.9
234.6
138.8
134.6
161.6
113.6
230.8
139.4
136.1
157.4
119.5
232.8
140.9
137.2
160.9
121.2
236.2
141.5
136.7
167.2
118.7
234.2 r 237. 0
240.4
140.5
138.6 ' 138. 3
'
136. 1
136.7
136.6
160.6
149.8
149.4
121.9
110.5
115.4
139.6
136.5
123. 8
120.4
123.1
126.3
120.3
135.4
126.4
117.8
126.5
130.5
126.3
137.8
130.0
126.6
129.2
134.0
134.1
137.1
129. 4
121.3
129.3
134.8
134.5
137.5
127.0
120.8
126.8
131.2
127.7
136.5
120.7
86.6
125.5
129.1
125.1
132.2
126.4
115.9
126.3
128.6
135.1
135.5
127.4
118.3
125.4
126.4
137.6
147.0
125.8
115.3
123.9
124.0
140.2
143.5
124.8
112.4
121.8
124.0
142.7
149.2
126.7
114.3
123.5
127.0
149.1
150.5
128.3 ' 130. 3
120.2
123. 9
126.9
129.6
130.2
133.1
146.6 ' 134. 5
141. 2
141.4
132. 8
123. 7
132. 5
136. L
142. 2
140.4
199.3
204.8
219.3
206.9
216.0
210.1
219.9
215.1
226.1
214.9
225.5
215.1
225.7
216. 3 '213.6 ' 218. 7 ' 221. 8
226. 9 ' 223. 1 229.4
220.5
214.7
208.9
171.3
202.1
211.5
172.6
172.8
164.0
184
Seas, adj., total index (incl. utilities) tf- 1957-59 =100.
By industry groupings:
Manufacturing, total
do
Durable manufactures 9
Primary metals
Iron and steel
_
Nonferrous metals and products
Fabricated metal products
Structural metal parts
Nondurable manufactures
Textile mill products.
Apparel products
Leather and products
Paper and products..
_ __.
Printing and publishing
Newspapers
Chemicals and products
Industrial chemicals
Petroleum products
Rubber and plastics products
do
Foods and beverages
do
Food manufactures.
. . . do
Beverages .
do
Tobacco products
do
Mining.
Coal
Crude oil and natural gas
Crude oil
Metal mining
Stone and earth minerals
Utilities
Electric..
Gas
do
do
do
do
do
do
.
133.4
262.7
222.4
263.2
135.4
131.5
156.0
124.0
227.8
268.2
137.3
133.3
158.6
120.8
228.7
268.0
141.4
227.5
'
'
'
'
'
158.1
145.6
' 132. 2 '
'109.5 '
' 134. 8 '
' 139. 2
'137.4
142. 6
184.9
191.8
163 0
202.1
211.3
do
do
do
158.3
148.5
159.0
164.9
156.6
175.0
164.7
156.4
175.2
164.8
156.8
175.6
165.7
157.3
175.8
167.0
159.6
177.6
167.9
159.2
179.5
168.1
160.1
179.1
168.2
161.0
181.0
169.3
161.7
179.6
170.8
162.8
181.8
170. 2 ' 170. 0 ' 171. 1 ' 172. 5
161.8 ' 160. 7 ' 162. 2 '163.7
177.9 '177.6 '183.1
185.0
Automotive products
do
Autos. _
do
Auto parts and allied products__.do
Home goods 9
do
Appliances, TV, and radios
do
Furniture and rugs
do
149.1
145.7
153.6
166.0
159.6
159.6
174. 3
174.8
173.8
175.4
168.5
173.7
180.4
183.7
176.1
171.5
161.8
174.5
177.1
182.4
170.2
174.6
168.0
174.0
175.6
177.4
173.2
175.9
170.4
175.5
178.9
180.3
177.0
176.7
171.8
174.2
181.2
180.6
182.1
178.3
171.9
177.0
177.8
174.5
182.2
180.0
173.2
180.2
176.2
170.6
183.5
184.3
177.7
184.3
174.7
165.0
187.6
183.0
179.1
181.2
175.4
165.0
189.0
186.3
182.9
182.0
165.8
166.1
148.9
149.6
188.0
187.9
186.1 '185.9
182.0
182.0
183.3 '183.4
Apparel and staples
do
Apparel , incl. knit goods and shoes. .do
Consumer staples
do
Processed foods
do
145.1
136.2
147.6
130.0
150.8
139.5
154.0
132.6
150.4
139.4
153.5
132.9
150.7
139. 8
153. 9
132.5
151.5
139.6
154.9
132.5
153.9
142.3
157.1
133.2
152.8
142.0
155.8
132.0
154.1
138.7
158.4
134.7
154.7
140.8
158.6
134.8
156.0
141.4
160.2
136.7
156.8
142.9
160.8
136.4
156.6 ' 155. 3
140.6 ' 141. 5
161.2 ' 159. 2 '
136.4 '
137.1
Beverages and tobacco
do
Drugs, soap, and toiletries
do
Newspapers, magazines, books., .do
Consumer fuel and lighting
do
137.4
182.7
140.1
168.9
141.9
193.4
143.3
182.9
139.6
192.6
144.2
180.8
144.7
190.6
143. 6
182. 6
145.2
193.6
140.7
186.0
145.9
199.8
145.8
188.7
200.4
142.3
145.4
201.4
147.1
190.2
144.6
203.7
146.3
190. 0
147.5
203.7
145.7
192.0
150.9
205.0
143.3
193.6
143.7
209.9
145.9
194.1 '
Equipment, including defense 9
do
Business equipment.
.
do
Industrial equipment
do
Commercial equipment
do
Freight and passenger equipment.. do
Farm equipment
do
179.4
182.8
170.2
182.6
184.7
168.1
182.6
183.4
167.5
186.5
191.2
174.0
139.6
183.6
185. 2
167.8
205. 9
235. 6
152.9
183.0
186.8
170.2
207. 3
146.1
181. 9
182.4
164.7
204. 6
233. 2
145. 8
155.3
152.4
185.3
190.0
174.9
205. 3
247.2
134.0
183.5
191.4
175.9
209. 9
245.5
136.1
185.5
191.9
175.7
214.3
244.4
133.0
187.8
192.9
176.7
217.3
242.3
135.6
188.4
194.1
178.6
220.1
239.7
133.9
172.9
165.8
157.9
190.3
153.2
Materials^
Durable goods materials 9
Consumer durable
Equipment
Construction
200.9
215.4
158.7
205.2
234.3
208.2
202.4
234.3
234.3
146.0
186.1
208.7
247.4
137.9
' 178. 7 '185.3
168.3 ' 178. 7
' 192. 5 193.9
' 186. 1
184.8
'179.9
183.1
' 184. 0
179.5
155.5
139. 2
160. 2
136. 1
140.4
162.0
136.6
208.0 '206.1
206.9
190.0 ' 190. 4
195.7 ! ' 197. 0
180.9 ' 182. 7
221.7 ' 221. 0
238.4 ' 240. 8
135.2
134. J)
1
' 174. 5 ' 176. 2
' 165. 5 '167.3
156. fi ' 162. 7
191.7 ' 193. 2
153.0 ' 151.7 j
' 191. 5
' 197. 8
180.8
147.3 ' 146. 3
189. 8 195.7
'176.4
167.4
159. 8
167.7
185.8
143.7
lt)4. 2
153. 3
153.5
185.3
143. 3
165. 1
153. 3
166.1
185. 1
145.5
165.7
155.4
166.5
184.7
146.3
167.6
157.6
169.6
187.7
148.3
169.3
159.7
161.0
187.5
152.2
169.6
161.2
162.2
187.4
153.5
170.8
162. 6
167.7
189.3
154.2
172.1
164.0
163.2
190.7
154.5
do
do
do
do
163.9
152.9
148.5
155.1
173.7
157.4
156.7
157.7
175.3
157. 9
156.0
158.8
175. 5
158.4
154. 2
160. 5
177.2
161.1
163.4
160.0
176.4
162.3
167.4
159,8
177.9
161.7
161.5
161.8
179.2
163.2
164.8
162.4
178.3
164.2
167.4
162.6
179.2
164.4
168.1
162.5
180.3
180.3
165.3 ! 162.3
165.0
170.4
160.9
162.7
Business fuel and power 9
. d o
151.5
144.3
Mineral fuels
do
132.7
129.2
Nonresidential utilities
do
199.3
183.3
Revised.
" Preliminary.
d" See correspondsig note on p. S-3.
154.1
136.9
198.2
154.3
136.6
153.3
134.1
161.2
159.3 ' 161. 1
156.9
152.3
153.7
151.9
151.8
137.4 ' 138. 0 ' 138. 9
134.2
127.7
130.2
130.0
127.8
216.8
212.5
213.7 ' 214. 9
211.7
211.5
206.3
205.7 206.7
9 Ineludes d$ita for itt>ms not s hown se parately.
200.3
202.8
149.3
126.0
152.5
131.4
186
178
163
191.7
198
220.0
165.7
157.8
164.2
185.1
145.8
• 185. 3
' 165. 9 ' 167. 0
' 168. 2 ' 167. 5
' 16 i. 7 ' 166. 7
132.4
117
133
136
251.5
157.8
151.9
143.9
184.5
139.6
' ' 183. 7
183
165
148.9
do
do
do
do
do
Nondurable materials 9
Business supplies
Containers
General business supplies
179
170
142.0
do
do
do
By market groupings:
Final products, total d"
Consumer goods.. .
Automotive and home goods. .
r
203.8
236.0
' 179. 0
' 152. 2
146
179.6
' 178. 8
' 170. 3
' 167. 1
166.4
193.4
149.0
186.0 !
167.5
164.8
168.8
175.8
167
185
160
138
SUKVEY OF CURRENT BUSINESS
September 1969
1967
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1969
1968
1968
Annual
S-5
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES §
Mfg. and trade sales (unadj.), totalcf
103,413 101,513 103,200 93, 265
99, 135
99, 675
100,142 98, 671
51, 441
27, 985
23,456
52, 560
28,960
23,600
52,548
28, 786
23, 762
51, 494
27, 742
23,752
52,801
29, 325
23, 476
53, 302
29, 914
23, 388
53, 078
29,530
23,548
53, 298
29, 643
23, 655
53,741 ' 54, 786 54, 811
29,573 ' 30, 136 '30,100 2 30, 400
24,168 ' 24, 650 24, 662
28, 760
9,377
19, 383
28,902
9,687
19, 215
28, 697
9,342
19, 355
28,806
9,314
19, 492
28, 347
9,238
19, 109
28,989
9,446
19,543
29, 289
9,597
19, 692
28, 916
9,377
19,539
29, 442
9,575
19, 867
29,386 ' 29, 371 29, 157
9,481
9,545
9,187
19,905 ' 19, 826 19, 970
18, 498
8,301
10, 197
18, 792
8,554
10,238
18, 418
8,536
9,882
18, 788
8,764
10, 024
18, 830
8,734
10, 096
18, 347
8,555
9,792
18, 799
8,938
9,861
19, 516
9,071
10, 445
19, 612
9,132
10, 480
20,105 ' 19, 970 19, 769
9,307 ' 9, 263 9,138
10,798 ' 10, 707 10, 631
153,360 155, 583 157,840 159, 453
160,178 ••159,833 159, 711
149,063 149,923 150,725 152,122 152,936 153,860 154,180 155, 432 156,492 157, 568
88, 579 85,829 86, 713 87,109 87, 566 87, 947 88, 579 88, 905 89, 556 90, 317 91,018
57, 422 55, 461 56,069 56,458 56, 657 56,953 57, 422 57, 879 58, 282 58,978 59, 426
31, 157 30, 368 30,644 30, 651 30, 909 30, 994 31, 157 31, 026 31, 274 31,339 31, 592
42. 657 41, 065 41, 010 41, 424 42, 220 42, 488 42, 657 42, 740 43, 014 43,004 43, 118
19,461 18, 475 18, 501 18, 622 19, 165 19, 361 19, 461 19, 622 19, 487 19, 542 19, 567
23, 196 22, 590 22, 509 22, 802 23, 055 23, 127 23, 196 23, 118 23, 527 23,462 23, 551
22, 624 22, 169 22, 200 22, 192 22, 336 22, 501 22, 624 22, 535 22, 862 23, 171 23, 432
13, 454 12, 923 13, 166 13, 064 13, 218 13, 332 13, 454 13, 373 13, 532 13,681 13, 860
9,490
9,169
9,330
9,170
9,572
9,246 9,034
9,128
9,162
9,170
9,118
158,690 ••159,355 160, 646
96, 310
1
Manufacturing totalcf
Durable goods industries _ _
Nondurable goods industries
do
do
do
1548, 542 1603,718
299, 680 330, 951
248, 862 272,767
51, 425
28, 211
23, 214
49, 825
26,837
22, 988
Retail trade, totalcf
Durable goods stores
Nondurable goods stores
do
do
do
1
313, 809 1339.710
100, 173 110,245
213, 636 229, 465
28, 674
9,313
19, 361
Merchant wholesalers total
Durable goods establishments
Nondurable goods establishments
do
do
do
i 205,188 1219,943
90, 447 100,012
114,741 119, 930
18, 269
8,309
9,960
Mfg. and trade inventories, book value, end of year
or month (unadj ) total of
mil $
1,067,539 11,163,371 98, 368
142, 213
152, 188
Mfg. and trade inventories, book value, end of year
or month (seas, adj.), totalcf
mil. $.. 143, 772
153, 860
Manufacturing, totalcf
Durable goods industries
Nondurable goods industries
Retail trade, total f
Durable goods stores
Nondurable goods stores
Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments
Inventory-sales ratios:
Manufacturing and trade, totalcf
do
do
do
do
do
do
do
do
do
82, 819
53, 540
29, 279
39. 318
17, 403
21, 915
21, 635
12, 543
9,092
102,367 103, 419 105,368 ••107,145 99, 559
98,605
mil. $__ 11,067,539 U,163,371 94,408
do
Mfg. and trade sales (seas adj ) totaled
97, 083
148,138 148,320 149,122 152,201 153,987 152,188
95, 674
100,137 101, 390 101,510 102, 352
103,232 ••104,127 103, 737
92,139
60,222
31,917
43,025
19,044
23,981
23,526
13,897
9,629
' 92, 215 93, 106
r 60, 479 61, 402
' 31, 736 31,704
43, 438 43, 874
19, 365 19, 358
24, 073 24, 516
r
23, 702 23, 666
'14,004 14, 033
' 9, 698 9,633
ratio. „
1.58
1.53
1.52
1.54
1.52
1.53
1.53
1.56
1.54
1.53
1.54
1.54
1.54
1.53
1.55
Manufacturing, totalcf
-do
Durable goods industries
do
Materials and supplies
do
Work in process
do
Finished goods
do
Nondurable goods industries
do
Materials and supplies
do
Work in process
do
Finished goods
do
Retail trade, totalcf
do
Durable goods stores
do
Nondurable goods stores
do
Merchant wholesalers total
do
Durable goods establishments
do
Nondurable goods establishments
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sales:
Durable goods industries:
Unadjusted, total
mil. $..
Seasonally adj., total*
do
1.77
2.08
.62
.94
.52
1.40
.55
.21
.64
1.47
2.03
1.21
1.22
1.61
.91
1.70
2.01
.59
.92
.50
1.33
.50
.20
.62
1.44
2.00
1.18
1.20
1.54
.92
1.67
1.97
.59
.89
.48
1.31
.49
.20
.62
1.43
1.98
1.17
1.21
1.56
.93
1.74
2.09
.63
.95
.51
1.33
.50
.21
.63
1.43
1.97
1.16
1.20
1.59
.89
1.69
2.02
.60
.92
.50
1.31
.49
.20
.62
1.43
1.92
1.19
1.18
1.53
.89
1.67
1.96
.58
.89
.49
1.31
.49
.20
.62
1.47
2.05
1.19
1.21
1.55
.92
1.67
1.98
.58
.91
.49
1.30
.48
.20
.62
1.47
2.08
1.19
1.20
1.52
.91
1.72
2.07
.60
.95
.52
1.31
.49
.20
.62
1.50
2.11
1.21
1.20
1.54
.91
1.68
1.97
.57
.91
.50
1.32
.49
.21
.62
1.47
2.08
1.18
1.23
1.56
.94
1.68
1.95
.56
.90
.49
1.34
.49
.21
.63
1.47
2.03
1.19
1.22
1.51
.95
1.70
2.00
.58
.92
.50
1.33
.49
.21
.63
1.49
2.08
1.20
1.19
1.51
.91
1.71
2.00
.57
.93
.51
1.34
.49
.21
.63
1.46
2.04
1.19
1.19
1.52
.91
1.71
2.04
.58
.94
.52
1.32
.49
."21
.63
1.46
2.01
1.20
1.17
1.49
.89
'1.68
2.01
.57
.93
.51
1.29
.47
.20
'.61
1.48
2.03
'1.21
'1.19
r
1.51
'.91
1.70
2.04
.57
.95
.52
1.29
.48
.20
.61
1.50
2.11
1.23
1.20
1.54
.91
12, 853
14, 944
1,180
1,314
1,152
1,261
1,275
1,293
1,370
1,356
1,399
1,378
1,396
1,265
1,134
1,204
1,256
1,299
1,452
1,353
1,449
1,430
1,446
1,396
'1,435
' 1, 392
1,367
1,516
548,542
603, 718
47,378
47, 967
52, 950
54,016
52, 495
50, 197
49, 452
53, 933
55, 254
54, 693
54,406
r ^7 4.84.
50,406
30, 654
1,438
4,893
2,305
3,109
5,559
3,686
7,654
4,281
1,068
30,391
1,450
4,883
2,275
3,031
5,420
3,674
7,652
4,223
1,085
'32,317 '27,200 2 28, 900
1,392
' 1, 532
' 4, 991 ' 4, 400 2 4, 500
2,111
'2,312
2,864
'3,318
' 5, 918 4,876
' 4, 076 3,565
' 7, 954 ' 6, 200 2 6, 500
'4,615
3,118
1,020
'1,217
24, 039
7,662
414
1,756
2,256
4,254
1,971
1,413
24,015
7,831
439
1,717
2,230
4,251
2,054
1,380
' 25, 167
' 8, 278
'462
' 1, 854
' 2, 343
' 4, 274
' 2, 155
' 1, 485
Shipments (not seas, adj.), totalcf--
do
do
do
do
do
do
do
do
do
do
_-._do
299, 680
14, 479
45, 867
22, 846
31, 443
52, 066
41, 443
74, 863
43, 096
9,500
330, 951
15, 754
50, 457
24, 901
34, 180
58,047
42, 353
84, 163
47, 638
11,370
25, 612
1,297
4,352
2,554
2,703
4,376
3,151
6,086
3,096
860
24, 692
1,403
3,536
1,497
2,896
4,519
3,389
4,976
2,126
955
28, 404
1,449
3,912
1,579
2,965
5,029
3,754
7,067
4,018
1,062
29,541
1,496
4,125
1,754
3,079
5,094
3,681
7,835
4,749
1,025
28, 831
1,325
4,051
1,698
2,852
4,968
3,692
7,932
4,665
1,043
27, 651
1,215
3,910
1,707
2,685
5,113
3,593
7,302
3,935
1,041
27, 331
1,198
4,329
1,997
2,657
4,745
3,362
7,192
4,236
967
30, 287 31, 054
1,387
1,295
4,741 4,884
2,305
2,153
2,994
3,009
5,720
5,513
3,728 3,867
7,814
7,741
4,446
4,393
1,101
1,056
Nondurable goods industries, total 9
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
do
do
do
do
do
do
do
do
248, 862
83, 017
4,768
19, 241
21, 120
42, 347
21,211
12, 597
272, 767
90, 157
4,922
21, 458
24, 208
46, 465
22, 267
14, 265
21, 766
7,455
419
1,585
1,901
3,588
1,837
1,099
23,275
7,729
438
1,819
2,041
3,940
1,884
1,160
24, 546
8,251
423
1,981
2,186
4,204
1,897
1,221
24,475
8,115
412
1,956
2,174
4,109
1,905
1,321
23, 664
7,997
420
1,863
2,077
3,923
1,910
1,239
22, 546
7,732
414
1,702
2,020
3,634
1,912
1,240
22, 121
7,327
376
1,626
2,070
3,749
1, 855
1,227
23,646 24, 200
7,825
7,644
404
399
1,752
1,830
2,259
2,219
4,106
3, 995
1,930
1,949
1,344
1,387
Shipments (seas, adj.), totalcf
By industry group:
Durable goods industries, total 9
Stone, clay, and glass products
Primary metals,
Blast furnaces, steel mills
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments and related products
do
51, 425
49, 825
51, 441
52,560
52, 548
51, 494
52, 801
53, 302 53, 078
53, 298
53,741 ' 54,786
do
do
do
do
do
do
do
do
do
do
28, 211
1,280
4,741
2,720
2,898
4,740
3,503
7,148
3,874
926
26, 837
1,295
3,662
1,516
2,799
4,853
3,503
6,906
3,966
969
27, 985
1,347
3,963
1,626
2,859
5,075
3,545
7,227
4,188
999
28,960
1,390
4,220
1,835
3,005
5,194
3,529
7,555
4,329
989
28, 786
1,334
4,180
1,807
2,896
5,185
3,586
7,568
4,238
1,028
27, 742
1,352
4,152
1,894
2,793
5,009
3,511
6,845
3,722
984
29, 325
1,414
4,508
2,089
2,961
5,222
3,620
7,284
4,117
1,089
29, 914 29, 530
1,441
1,454
4,578
4,585
2,096
2,115
3,031
2,940
5,352
5,319
3,685
3,725
7,463
7,273
4,212
4,042
1,083
1,078
29, 643
1,422
4,571
2,096
3,061
5,276
3,737
7,346
3,997
1,084
29,573
1,402
4,643
2, 119
2,968
5,248
3,764
7,275
3,910
1,103
Durable goods industries, total 9
Stone, clay, and glass products
Primary metals
Blast furnaces, steel mills
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment-Motor vehicles and parts
Instruments and related products
!
Nondurable goods industries total 9
do
23, 214 22, 988 23, 456
Food and kindred products
do
7,754
7,812
7,721
Tobacco products.
do
408
411
418
Textile mill products
do
1,848
1,867
1,746
Paper and allied products
do
2,117
2,056
2,016
Chemicals and allied products
do
4,061
3,881
4,014
Petroleum and coal products
do
1,884
1,824
1,869
Rubber and plastics products
do
1,221
1,210
1,197
r
2
Revised.
1 Based on data not seasonally adjusted.
Advance estimate total m frs.
shipments for July 1969 do not reflect revisions for selected components, §The term"b iisiness" here includes only manufacturing and trade; business invento •ies as s lown on PS-l cover data for all types of producers, both farm and nonfarm. Unad justed d ata for m anufacturing are shown below and on p. S-6; those for wholesale and retslil trade on pp. S -11
cf Series revised to reflect benchmarking manufacturing da ta to 196 1-66 annual
Digitizedand
for S-12.
FRASER
surveys of manufactures, and to reflect revision of the retail sales samp le. Com plete det ails
23, 165
7,758
438
1,490
2,149
3,842
2,092
1,273
54, 811
' 30,136 '30,100 2 30, 400
' 1, 381 1,374
' 4, 728 ' 4, 800 2 4, 700
' 2, 212
2,248
'3,094 3,076
5,284
' 5, 422
3,964
'3,943
' 7, 244 ' 7, 400 27,800
' 4, 073 4,029
1,097
' 1, 158
23,600 23, 762 23, 752 23, 476 23,388 23, 548 23, 655 24,168 ' 24,650 24,662
7,669
7,624
7,869 8,003 7,930
7,778
7,869 ' 8, 085 8,059
7,755
418
414
420
421
'422
426
415
411
439
421
1,788
1,804
1,790
1,767
1,805
1,740
1,751 '1,771
1,784
1,758
2,089
2,109
2,172
2,112
2,201
2,241 ' 2, 259 2,324
2,186
2,226
4,139
4,065
3,935
4,061
4,143
3,980
3,892
4,063 '4,095
3,913
1,894
1,919
1,925
1,890
1,949
2,076
2,067 '2,103
1,971
1,988
1,301
1,279
1,286
1,276
1,328
1,335 ' 1, 403 1,401
1,327
1,333
for ni£mufactui ing appe ar in the Census report IV anufactu rers' Shi Dments, Inventor ies, and
Order s: 1961-65 —Series M3-1.1. See note marked "t" for p. S-ll r egarding new ret<lil sales
sample. ReviseA unadj data for mfg. amI trade s lies back to 1961, and una<ij. and sejas. adj.
inven tories bac k to 1961 appear <m p. 22 fl
E. of the 1sTov. 196S SURVEY ; seas, adj.mfg. arid trade
sales a nd retail sales for 1961-67 a nd inver tory-sale s ratios f or 1961-6 7 appear on p. 51 f I . of the
May 1 969 SUITPEY.
*Ne^r series.
If Revised series; s ee corres ponding note on p. S-12.
9 In eludes d ita for it(jms not shown sef >arately.
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1968
1968
Annual
September 1969
1969
July | Aug. | Sept. | Oct. | Nov. | Dec.
Jan. | Feb. | Mar. | Apr. | May | June | July | Aug.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES,
INVENTORIES,
AND ORDERS d1— Continued
Shipments (seas, adj.)— Continued
By market category:
Home goods and apparel
mil. $
Construction materials and supplies
do
Supplementary market categories:
1
51, 206 i 55, 126
1106,412 1115,551
i 84, 149 i 96, 115
148,769 i 54, 048
142,916 i 48, 587
1215,090 1234,291
4,865
9,862
8,277
4,430
4,052
19, 939
4,519
9,831
8,015
4,559
3,998
18,903
4,551
9,905
8,234
4,771
4,248
19, 732
4,559
10, 126
8,483
4,919
4,304
20, 169
4,407
10, 257
8,609
4,821
4,221
20, 233
4,569
10, 228
8, 182
4,275
4,218
20, 022
4,849
9,945
8,764
4,642
4,444
20, 157
4,715
9,841
8,828
4,764
4,637
20, 517
4,703
9,927
8,738
4,572
4,517
20, 621
4,738
9,981
8,886
4,531
4,531
20, 631
2,049
4,126
2,217
5,589
1,939
3,742
1,823
5,682
1,990
3,839
1,884
5,921
2,032
4,060
2,070
5,926
1,927
4,078
2,042
6,140
2,033
3,830
2,080
5,959
2,153
3,971
1,875
6,102
2,165
4,009
1,851
6,263
2,126
4,001
1,875
6,212
2,159
4,128
2,035
6,160
86, 409
56, 141
30,268
86, 887
56, 265
30, 622
87, 382
56, 497
30, 885
88, 239
57, 034
31, 205
89, 179
57, 789
31, 390
90, 158
58, 568
31, 590
90, 885
59, 293
31, 592
91, 779
59, 973
31, 806
92,808 '92,509
60,805 '60,863
32,003 '31,646
92, 624
61, 074
31, 550
4,820
10,116
8,889
4,476
4,494
20,946
' 5, 066 4,964
' 10, 322 10, 341
'
8, 864
8,986
r
4, 650
4,666
' 4, 452 4,322
••21,432 21, 532
2,128 ^ 2, 250
4,117 ' 4, 029
1,971 ' 1, 989
6,219 ' 6, 316
2,251
4,314
2,125
6,209
Defense products (old series)
do
123,461
139,279
Machinery and equipment
do
163,709
i 24, 031
i 46, 201
123,917
i 68, 757
82, 561
53, 217
29, 344
88, 239
57, 034
31, 205
85,314
55, 128
30, 186
86,247
55,897
30,350
82, 819
88, 579
85, 829
86,713
87, 109
87, 566
87, 947
88, 579
88, 905
89, 556
90, 317
91, 018
92,139 '92,215
93,106
53, 540
1,952
7,644
4,319
5,465
10, 905
8,157
12, 679
3,827
2,013
57, 422
2,219
7,552
4,039
6,287
11,310
8,560
13, 939
4,257
2,183
55, 461
1,997
7,255
3,831
6,077
11,132
8,463
13, 494
4,280
2,056
56,069
2,003
7,433
3,994
6,102
11,174
8,448
13,761
4,411
2,061
56, 458
2,029
7,502
4,065
6,121
11,213
8,502
13, 889
4,248
2,067
56, 657
2,064
7,426
3,985
6,229
11, 147
8,524
13, 891
4,257
2,105
56, 953
2,153
7,504
4,010
6,229
11,222
8,528
13, 844
4,221
2,122
57, 422
2,219
7,552
4,039
6,287
11,310
8,560
13, 939
4,257
2,183
57, 879
2,289
7,528
4,019
6,289
11, 528
8,551
14, 076
4,308
2,240
58, 282
2,372
7,554
4,042
6,129
11, 738
8,592
14, 186
4,226
2,275
58, 978
2,361
7,627
4,074
6,220
11,837
8,735
14, 350
4,289
2,319
59, 426
2,391
7,682
4,121
6,267
11, 946
8,762
14, 482
4,263
2,345
60,222
2,390
7,764
4,200
6,305
12,149
8,957
14,689
4,216
2,339
'60,479
' 2, 431
7,798
4,194
'6,358
'12,294
' 8, 913
' 14, 714
4,175
' 2, 387
61, 402
2,456
7,809
4,176
6,377
12, 494
9,016
15, 173
4,301
2,419
15, 592
2,815
4,785
2,968
24, 675
2,671
9,021
8,527
13, 273
2 158
5,256
1,184
16, 637
2,787
4,821
3, 402
26, 357
2,547
9, 472
9,162
14, 428
2,218
5,577
1,375
16, 753
2,833
4,907
3,450
25, 237
2,387
9,273
8,845
13, 471
2,035
5,415
1,199
16,781
2,853
4,867
3,496
25,544
2,469
9,311
8,981
13,744
2,111
5,444
1,284
16, 704
2,876
4,850
3,436
25, 772
2,486
9,305
9,128
13, 982
2,140
5,560
1,325
16, 763
2,850
4,816
3,403
25, 825
2,451
9,319
9,146
14, 069
2,125
5, 536
1,342
16, 676
2,783
4,830
3,366
26, 085
2,536
9,391
9,139
14, 192
2,185
5,529
1,339
16, 637
2,787
4,821
3,402
26, 357
2,547
9,472
9,162
14, 428
2,218
5,577
1,375
16, 706
2,800
4,862
3,348
26, 631
2,506
9,611
9,289
14, 542
2,222
5,606
1,439
16, 613
2,765
4,935
3,301
26, 961
2,535
9,769
9,436
14, 708
2,254
5,626
1,449
16, 980
2,824
5,003
3,388
27, 264
2,573
9,879
9,561
14, 734
2,230
5,690
1,401
16, 935
2,814
5,024
3,348
27, 463
2,609
9,948
9,657
15, 028
2,259
5,736
1,477
17,055
2,843
5,117
3,332
27,872
2,612
10,102
9, 854
15,295
2,309
5,887
1,503
'17,045
' 2, 806
' 5, 143
' 3, 291
'28,072
' 2, 674
10, 134
' 9, 927
'15,362
' 2, 318
' 5, 930
' 1, 496
17, 158
2,757
5,125
3,446
28, 629
2,690
10, 286
10, 240
15, 615
2,362
6,099
1,487
29, 279
7,094
2,269
3,232
2,190
5,600
1,971
1,601
31,157
7,370
2,261
3, 539
2,384
5,937
2,118
1,801
30, 368
7,376
2,276
3,392
2,338
5,708
2,047
1,704
30,644
7,434
2,259
3,474
2,327
5,751
2,066
1,748
30, 651
7,423
2,219
3,477
2,331
5,793
2,083
1,733
30, 909
7,491
2,211
3,470
2,359
5,871
2,114
1,731
30, 994
7,417
2,231
3,425
2,351
5,882
2,136
1,833
31,157
7,370
2,261
3,539
2,384
5,937
2,118
1,801
31, 026
7,264
2,219
3,507
2,403
5,977
2,068
1,811
31, 274
7,248
2,203
3,534
2,419
6,088
2,076
1,831
31,339
7,215
2,226
3,548
2,420
6,177
2,069
1,799
31, 592
7,293
2,203
3,581
2,439
6,255
2,061
1,811
31,917
7,416
2,209
3,565
2,458
6,336
2,077
1,837
'31,736
' 7, 418
' 2, 211
' 3, 539
' 2, 448
' 6, 332
' 2, 079
1,808
31, 704
7,300
2,233
3,504
2,492
6,367
2,062
1,857
11, 247
4,496
13, 536
11,598
4,855
14, 704
11,366
4,682
14, 320
11,508
4,729
14,407
11,511
4,679
14, 461
11,609
4,724
14, 576
11,512
4,752
14, 730
11, 598
4,855
14, 704
11,497
4,991
14, 538
11, 554
5,014
14, 706
11,519
4,943
14, 877
11, 672
4,970
14, 950
11,783 '11,704 11, 724
5,016 ' 4, 946 5,012
15,118 '15,086 14,968
8,589
11,297
20, 955
4,640
6,445
30, 893
9,469
11, 786
22, 191
5, 199
7,410
32, 524
8,932
11, 675
21,604
5,167
6,887
31, 564
9,043
11,714
21,774
5,306
6,944
31,932
9,206
11, 709
21, 988
5,172
6,969
32, 065
9,327
11, 789
21, 943
5,195
7,129
32, 183
9,460
11,758
22, 018
5,134
7,236
32, 341
9,469
11, 786
22, 191
5,199
7,410
32, 524
9,360
11,696
22, 475
5,281
7,538
32, 555
9,490
11, 807
22, 753
5,235
7,540
32, 731
9,667
11,830
22,970
5,332
7,640
32, 878
9,738
11, 903
23, 066
5,330
7,723
33, 258
9,850
12,039
23,582
5,323
7,714
33,631
' 9, 696 9,709
' 12, 077 12, 006
'23,792 24,349
' 5, 287 5,444
' 7, 761 7,818
'33,602 33, 780
4,333
10, 307
13, 689
4,645
11,513
7,126
14, 038
4,446
10, 958
6,987
13, 851
4,498
11,146
7,138
13, 846
4,643
11, 404
7,287
13, 873
4,671
11,410
7,233
13, 851
4,727
11,458
7,251
13, 881
4,645
11,513
7,126
14, 038
4,579
11,571
7,227
14, 308
4,717
11,675
7,324
14, 494
4,821
11,741
7,327
14, 702
4,867
11, 824
7,374
14, 852
4,925
12,194
7,508
15,070
4,946
' 4, 872
'12,164 12, 483
7,719
' 7, 485
' 15, 300 15, 573
551, 138
302, 265
248, 873
607, 161
334, 422
272, 739
46, 738
24, 951
21, 787
48,449
25,316
23,133
53, 605
29, 052
24, 553
55, 022
30, 536
24, 486
52, 136
28, 471
23, 665
51, 134
28, 650
22, 484
50, 638
28, 531
22, 107
54, 850
31, 125
23, 725
55, 696
31, 449
24, 247
56, 010
31, 896
24, 114
54,204 '56,743 51, 363
30,175 '31,544 '28,400
24,029 '25,199 23, 060
1551,138 1607,161
50, 181
50, 201
51, 877
53, 931
53, 100
53, 101
53, 119
53, 901
53, 283
54, 635
54,133 '53,861
29,998
4,772
2,246
3,119
5,579
3,710
7,228
2,564
'29,171 '30,600 2 229, 900
5, 000
' 4, 825 ' 5, 200
' 2, 308 2, 517
3,202
' 3, 157
' 5, 627 5,469
' 3, 664 4,117
2
7, 166
' 6, 341 ' 7, 100
' 1, 796 2,478
Inventories, end of year or month:
By industry group:
Durable goods industries, total 9
Stone, clay, and glass products.
do
do
Fabricated metal products
Machinery, except electrical
Electrical machinery
do
do_
do
Motor vehicles and parts
do
Instruments and related products. _do
By stage of fabri cation :cf
Transportation equipment
-~"~do~"I
Nondurable goods industries, total 9
Food and kindred products
Petroleum and coal products
do
do""""
do
By stage of fabrication:
Finished goods.. .
By market category:
Home goods and apparel
Consumer staples.
_
Equip, and defense prod., excl". auto
do
Construction materials and" supplies
Other materials and supplies
Supplementary market categories: "
Consumer durables
Defense products (old series)
Defense products*.
Machinery and equipment
do
do
Durable goods industries, total
By industry group:
Durable goods industries, total 9
Primary metals..
do
do
do
do
do
do
do
do
do
do
334, 422
49, 790
24, 380
35, 276
58, 286
42, 330
86, 790
31,514
26, 925
3,859
1,791
2,755
4,923
3,476
6,749
2,396
27, 329
3,491
1,400
2,917
4,766
3,501
7,479
2,492
28, 381
4,092
1,682
3,103
5,184
3,668
6,996
2,098
30, 280
4,397
1,990
3,271
5,403
3,751
7,764
2,749
29, 325
4,475
2,120
3,225
5,134
3,505
7,589
2,654
29, 380
4,345
1,941
3,195
5,210
3,656
7,578
2,755
29, 684
4,675
2,124
2,755
5,350
3,581
7,487
2,690
30, 482
4,666
2,071
2,841
5,626
3,767
7,842
3,031
29, 697
4,614
2,110
2,980
5,538
3,746
7,107
2,492
30, 944
4,806
2,307
3,158
5,650
3,928
7,695
2,562
55, 116
Aircraft, missiles, and parts
do
302, 265
45, 393
23, 037
32, 557
51,714
41, 749
76, 849
28, 620
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 (old series)
Defense products*
.
Machinery and equipment
do
do
do
248, 873
66, 285
182, 588
272, 739
74, 348
198, 391
23, 256
6,304
16, 952
22,872
5,953
16, 919
23, 496
6,434
17, 062
23, 651
6,518
17, 133
23, 775
6,447
17, 328
23, 721
6,451
17,270
23, 435
6,494
16, 941
23, 419
6,504
16,915
23, 586
6,568
17, 018
23, 691
6,637
17, 054
24,135
6,634
17,501
24, 690 24, 580
' 6, 748 6,700
17, 942 17, 880
do
do"""
do
do
do
do
150,966 i 55, 173
1106,416 1115,594
186,057 i 98, 601
148,306 i 54, 554
144,019 i 49, 522
1215,374 1 233, 717
4,838
9,874
7,888
4,431
3,956
19, 194
4,460
9,827
8,142
4,649
4,135
18,988
4,601
9,931
8,495
4,984
4,480
19, 386
4,575
10, 126
9,527
4,694
4,500
20, 509
4,425
10, 256
8,370
4,864
4,510
20, 675
4,595
10, 220
8,649
4,639
4,508
20, 490
4,816
9,945
9,043
4,710
4,333
20, 272
4,764
9,845
9,520
4,743
4,507
20, 522
4,801
9,920
8,719
4,581
4,493
20, 769
4,750
9,969
9,305
4,665
4,642
21, 304
4,709
10,110
8,761
4,655
4,561
21,337
' 5, 030
10, 327
' 8, 063
' 4, 547
' 4, 499
21, 395
5,025
10, 327
9,194
4,609
4,395
21, 566
do
do
do
do
123,257
i 42, 473
1,884
2,033
2,034
3,554
3,913
3,666
2,355
1,919
1,914
5,916
6,027
5.714
162.999 i 69. 650
2
' Revised.
i Based on data not seasonally adjusted.
Advance estimate; total mfrs.
new orders for July 1969 do not reflect revisions for selected components.
cfSee corresponding note on p. S-5.
*New series; see corresponding note on p. S-7.
9 Includes
data for items not shown separately.
© Includes textile mill products, leather and products,
paper and allied products, and printing and publishing industries; unfilled orders for other
2,033
4,407
2,384
6,550
1,973
3,895
1,953
6,089
2,084
4,198
2,314
6,237
2,128
4,025
1,844
6,204
2,235
4,392
2,313
6,511
2,204
3,806
2,152
6,414
2,156
4,015
2,076
7,099
2,026
3,811
1,787
6,428
'
'
'
'
' 2, 300
'4,000
' 2, 400
' 6, 300
Machinery, except electrical
do
i 24, 120
i 47, 409
2, 226
2, 869
1, 268
6, 528
2 28, 300
2 2, 100
2 3, 600
2 1, 600
2 6, 100
nondurable goods industries are zero.
IfFor these industries (food and kindred products, tobacco products, apparel and related
products, petroleum and coal products, chemicals and allied products, and rubber and plastics
products) sales are considered equal to new orders.
SURVEY OF CURRENT BUSINESS
September 1969
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1968
Annual
S-7
1969
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
GENERAL BUSINESS INDICATORS—Continued
1
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERSJ— Continued
Unfilled orders, end of year or month (unadjusted),
totall
- mil. $
Durable goods industries, total
do
Nondur goods ind. with unfilled orders©
do
Unfilled orders, end of year or month (seasonally
adjusted), totall
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, missiles, and parts.. _ _ _ do
Nondur. goods ind. with unfilled orders©
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 (old series)
do. ..
Defense products* .
do
Machinery and equipment
do
BUSINESS INCORPORATIONS^
New incorporations (50 States and Dist. Col.):
Unadjusted
number
Seasonally adjusted
do
INDUSTRIAL AND COMMERCIAL
FAILUREScf
Failures, total
number
Commercial service
do
Construction
_ ...
do
Manufacturing and mining
do _
Retail trade
do
Wholesale trade
do
Liabilities (current), total..
Commercial service
Construction
Manufacturing and mining. . _
Retail trade
Wholesale trade
_
thous. $
. do
do
do
do
do
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns
82,499
79, 480
3,019
85, 938
82, 946
2,992
83, 220
80, 044
3,176
83, 700
80, 667
3,033
84, 358
81,318
3,040
85, 357
82, 307
3,050
85, 003
81, 951
3, 052
85, 938
82, 946
2,992
87,126
84,150
2,976
88,041
84,988
3,053
88,480
85, 380
3,100
89, 796
86, 621
3,175
89, 595
86,407
3,188
'88,847 89,801
'85,631
'86,800 186,200
r
3, 216
3,113
83, 686
87, 152
82, 806
83, 184
83, 617
84, 991
85, 539
87, 152
87,469
88,064
88, 267
89,603
89, 986
••89,058
80, 578
7,019
3,644
8,976
14, 551
13, 235
31,031
25, 682
84, 071
6,327
3,100
10, 114
14, 790
13 210
33, 670
26, 858
79, 684
5,704
2,645
8,752
14, 408
12 803
32, 368
26, 922
80, 177
5,533
2,529
8,870
14, 321
12, 801
32, 941
27, 012
80, 572
5,662
2,585
9,115
14, 430
12, 923
32, 709
26,604
81, 894
5,840
2,740
9,381
14, 637
13 148
32 918
26, 670
82, 429
6, 133
3, 053
9, 711
14, 58P
13 065
32 936
26, 599
84, 071
6,327
3,100
10, 114
14, 790
13, 210
33, 670
26, 858
84,431 84,994
6,575
6,494
3,109
3,134
9,716
9,908
14,919 15, 193
13,170 13, 251
33,873 34, 251
26,953 27, 345
85, 159
6,611
3,104
9,756
15, 410
13, 272
34,086
27, 173
86, 461
6,848
3,316
9,854
15, 783
13 461
34, 436
26, 987
86, 878
6,975
3,442
10, 002
16, 113
13, 408
34, 388
26, 828
••85,910 '86,400 i 85, 800
' 7, 073 '7,500 1 7, 800
' 3, 538
3,806
••10,066 10, 193
'16,314 16, 503
'13 127 13 281
r
33,484 '33 100 132 400
'26,035 25 624
3,108
3,081
3,122
3,007
3,045
3,097
3, 110
3,081
3,038
3,070
3,108
3,142
3,108
2,125
44, 304
9,313
27, 944
2,220
47,300
10, 279
27, 353
2,154
45, 151
9 133
26 368
2,091
45,368
9,270
26, 455
2,165
45, 843
9,504
26, 105
2,182
46, 662
9,700
26, 447
2, 199
46,468
9, 990
26, 882
2,220
47,300
10, 279
27, 353
2,186
47,649
10,169
27,465
2,238
48, 317
10, 038
27,471
2,S28
48, 310
10,013
27, 616
2,328
48, 863
10 124
28, 288
2,208
48, 913
10 190
28, 675
' 2,176
'48,006
'10 237
'28, 639
2,225
48, 159
10 311
28 675
1,698
31, 888
21, 243
1,790
33, 108
21 818
22, 141
1 705
32, 690
20 792
20 951
1,650
32,860
21, 324
21, 295
1,692
32, 577
21 358
21, 287
1,693
32, 925
21 672
21, 912
1, 738
32, 740
21 584
21, 862
1,790
33, 108
21,818
22, 141
1,834
1,765
33,163 33, 546
21,786 22, 249
22,242 22, 489
1,911
33, 350
22, 526
22, 691
1 909
33, 237
22 567
23 627
1,805
32, 931
22 383
23 836
' 1, 781
'31,771
'21 662
'24 044
1 859
31, 492
21 902
24* 226
206 569
233 635
19 733
19 530
19, 052
20, Oil
19 015
20 986
21 636
21, 394
17 770
21 155
20, 310
20, 292
24 327
20 578
20 811
22 199
23, 089
21, 353
24 700
23 467
23 694
23 230
24 128
23 711
12, 364
1,329
2,261
1,832
5,696
1,246
9 636
1,106
1,670
1,513
4,366
981
810
88
134
119
380
89
734
87
129
105
344
69
705
68
112
126
320
79
768
92
151
111
347
67
696
87
115
97
341
56
563
73
93
90
256
51
689
65
101
121
325
77
731
79
127
112
353
60
868
111
144
126
407
80
823
109
148
142
363
61
812
105
157
122
360
68
792
109
148
126
324
85
1,265,227
144, 965
323, 680
325, 869
334, 279
136, 434
940, 996
87, 289
212, 459
291, 700
220, 223
129, 325
90, 269
9,942
31 275
20, 589
19 740
8,723
65, 766
6,525
14, 595
22, 113
14, 098
8,435
58, 651
5,857
15, 703
15, 951
13, 721
7,419
65, 384
6,631
18, 001
13, 512
17, 594
9,646
58, 651
7,949
8,157
20, 482
16, 908
5,155
83, 414
5,862
11, 394
48, 285
12, 252
5,621
75, 027
5,674
10, 068
27, 256
23, 406
8,623
89 993
12, 323
15 411
30, 951
20 494
10 814
84, 121 118, 761
9,176
9,068
15,206 18, 679
21,698 57, 845
23, 827 17 471
14, 214 15, 698
92, 605
7,917
20, 543
33, 043
20 455
10, 647
238.6
41.0
36.5
40.3
37.5
35. 7
29.9
32.0
35.6
38.0
36.4
36.9
39.8
34.9
2
49.0
89, 370
'3 148 3 068
689
113
131
113
283
49
91 921 112, 470
8,047
20, 430
10 735 19 200
24 026 63,474
22 774 17 189
4 560
13 956
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
CONSUMER PRICES
(U.S. Department of Labor Indexes)
Unadjusted indexes:
All items
1957-59 = 100..
Special group indexes:
All items less shelter
do
All items less food
do
All items less medical care
do
Commodities
_
do
Nondurables
do
Nondurables less food
do
Durables 9
_
do
Commodities less food
do
Services
.
do
Services less rent
do
253
226
283
191
174
177
242
555
277
306
336
132
261
229
313
192
159
160
303
567
288
318
346
142
261
223
280
182
157
150
277
567
294
307
364
143
261
225
271
220
147
149
310
574
292
317
353
145
268
231
283
222
151
150
352
577
300
328
352
166
262
228
284
224
148
155
332
562
291
337
338
149
264
231
353
204
156
159
285
577
292
340
337
154
262
223
344
182
159
155
250
584
296
336
343
162
263
220
323
163
162
155
259
579
299
333
349
166
267
226
336
166
165
156
272
583
302
329
362
156
271
228
324
173
164
156
285
583
308
323
375
160
271
227
326
174
167
156
259
585
309
318
385
150
282
237
406
170
173
157
269
585
321
314
419
134
284
231
310
180
173
151
298
585
329
310
437
139
282
224
308
184
170
142
259
592
332
317
426
160
279
220
297
173
167
145
257
607
330
325
422
153
302
322
287
310
335
292
311
337
293
'311
337
' 292
311
338
292
312
339
292
314
341
294
315
341
296
315
342
296
318
344
299
321
347
302
322
349
303
325
351
306
326
351
308
325
352
305
324
352
304
342
74
354
74
355
74
'355
74
355
75
358
73
360
73
360
73
363
72
365
73
369
73
372
73
374
75
375
76
374
75
373
75
116.3
121.2
121.5
121.9
122.2
122.9
123.4
123.7
124.1
124.6
125.6
126.4
126.8
127.6
128.2
128.7
115.9
121 2
120 6
120 8
121 5
122 6
121 9
122 1
123 0
116.8
115.0
120.5
120.8
119.7
120.1
111 2
115 5
115 9
115 3
116 1
114.0
118 4
118 7
119 2
119 6
113.1
117 6
118 9
117.7
118 1
104 3
107 5
107 6
107 6
107 7
113.2
113.2
109.2
113.5
113.9
127 7
134 3
134 9
136 0
135 5
131.1
138.6
139.3
140.0
140.5
' Revised.
1 Advance estimate; total mfrs. unfilled orders for July 1969 do not reflect
revisions for selected components.
2 Based on unadjusted data.
f See note marked
c?" on p. S-5.
© See corresponding note on p. S-6.
9 Includes data for items not
s hown separately.
*New series. Based on separate reports on defense work filed by large
defense contractors in ordnance, communications, complete aircraft, aircraft parts, and shipbuilding industries. It differs from the old series in that it includes defense activity in shipbuilding and excludes nondefense work in ordnance, communications, complete aircraft, and
122 2
123 8
121.5
116 8
120 2
119.7
108 5
114.7
136 6
141.2
122 5
124.4
121.9
117 1
120.3
120.2
109 3
115.3
137 4
142.0
122 7
124 7
122.2
117 2
120 7
120 3
108 7
115.2
138 1
142.9
123 1
124 9
122.5
117 4
121 0
120 1
108 6
115.0
139 0
143. 9
123 5
125 6
123.0
117 8
121 1
120 5
109 7
115.7
139 7
144.6
124 4
126 8
124.0
118 7
121 8
121.4
111 1
116.8
140 9
146.1
125 0
127 5
124.7
119 3
122 5
121 9
111 4
117.2
142 0
147.4
125 4
127 9
125.2
119 6
123 0
122 4
111 3
117.5
142 7
148!l
126 3
128.4
126.0
120 5
124 1
123.0
111 7
118.0
143 3
148.8
126 7
128 8
126.5
121 0
124 7
123 1
111 9
118.1
144 0
149.6
127.1
129.3
127.0
121.4
125.2
123.3
111 9
118.2
145 0
150 .7
aircraft parts. Further details appear in the Aug. 1968 issue of the Census Bureau Current
Industrial Report, Series: M3-1.
cf Compiled by Dun & Bradstreet, Inc. (failures data are for 48 States and Dist. Col.).
JRevisions for Jan. 1964-Mar. 1969 (back to Jan. 1959 for all farm products, all crops,
commercial vegetables, and fruit) are available from the Dept. of Agriculture, Statistical
Reporting Service.
§ Ratio of prices received to prices paid (parity index).
SURVEY OF CUKEENT BUSINESS
S-8
1968
Unless otherwise stated, statistics through 1966 1967
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
Annual
September 1969
1969
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug. J>
COMMODITY PRICES—Continued
CONSUMER PRICES— Continued
(U.S. Department of Labor Indexes— Continued)
Unadjusted indexes— Continued
115.2
Food 9
..
.. 1957-59 = 100
111.2
Meats, poultry, and
fish
do
116.7
Dairy products
do
117.5
Fruits and vegetables..
do
114.3
Housing
do
117.9
Shelter 9
do
112.4
Rent
do. _
120.2
Home ownership
do
109.0
Fuel and utilities 9
do
111.6
Fuel oil and coal__
.do
108.5
Gas and electricity
do
108.2
Household furnishings and operation do _
114.0
Apparel and upkeep
. -do. .
115.9
Transportation
do
113.9
Private ._ _ _
__ _ _
-do
98.1
New cars
do
121.5
Used cars
do
132.1
Public.
do...
Health and recreation 9
__do. ._ 123.8
136.7
Medical care
do
115.5
Personal care..
..do
120.1
Reading and recreation
do
Seasonally adjusted indexes:
Food...
_-.
do
Apparel and upkeep
do
Transportation
do
WHOLESALE PRICEScf
(U.S. Department of Labor Indexes)
Spot market prices, basic commodities:
!98. 1
22 Commodities. _
1957-59 = 100
9 Foodstuffs
do
*94.7
1 100. 4
13 Raw industrials
do
106.1
All commodities
By stage of processing:
Crude materials for further processing..
Intermediate materials, supplies, etc
Finished goodsO— Consumerfinishedgoods
.
Producer finished goods
By durability of product:
Durable goods
Nondurable goods
Total manufactures
_ - Durable manufactures
Nondurable manufactures .
do
139.4
132.4
148.2
122.8
128.0
121.2
114.4
122.6
126.4
122.3
127.6
116.7
132.0
111.5
116.2
110.0
115.1
124.3
120.2
117.5
102.7
118.7
144.3
132.8
149.1
123.4
128.2
122.0
115.6
122.7
127.0
122.7
128.2
116.9
132.7
111.7
116.7
110.2
115.2
123.4
120.7
117.9
102.3
115.5
144.8
133.3
150. 2
123.7
128.4
121.9
116.2
122.8
124.7
123.3
128.9
117.2
133.6
111.8
116.9
110.2
115.8
123.9
122.0
119.3
102.3
122.6
145.5
133.7
151.3
124.1
128.4
122.4
116.5
123.0
127.6
124.4
130.5
117.5
135.7
112.2
117.2
110.6
116.4
124.9
124.3
121.6
102.4
130.5
147.5
134.3
152.5
124.8
128.7
123.2
118.4
122.9
127.9
125.3
131.6
117.8
137.1
112.6
117.4
111.2
116.9
125.6
124.6
121.9
101.9
131.2
148.0
135.1
153.6
125.5
129.6
123.7
119.9
123.6
130.0
125.8
132.4
118.1
138.0
112.6
117.5
111.2
117.4
126.6
124.0
121.2
101.8
126.8
148.0
135.7
154.5
125.8
130.2
125.5
125.3
124.0
130.8
126.3
133.0
118.5
138.7
112.7
117.5
111.3
117.9
127.0
124.6
121.8
101.8
128.2
149.1
136.3
155.2
126.2
130.4
126.7
127.6
124.4
132.3
127.0
134.0
118.8
140.0
112.6
117.4
110.9
118.2
126.8
124.3
121.4
101.6
127.0
149.5
137.0
155.9
126.6
130.7
127.
127 .<
125 .(
130.;
127.
135.
119.
141.;
113.
117.
111.
118.
126.
124.
121.
101.
125.
149.'
137.
156.
126.
131 /
120.8
122.6
120.4
121.0
123.1
120.7
121.6
123.7
120.6
122.2
124.1
120.6
122.0
124.5
122.4
122.8
125.3
124.7
123.6
125.7
124.6
124.2
126.3
124.1
125.5
126.9
124.7
125.8
127.6
124.1
126.
127.^
124 /
94.5
92.2
96.1
95.2
92.0
97.5
98.1
95.1
100.3
98.8
96.1
100.7
100.8
97.1
103.4
103.0
98.5
106.3
104.1
100.2
106.9
105.6
100.5
109.3
107.6
103.7
110.4
109.1
105.6
111.6
109.1
104.5
112.4
110.
105.
115.
109.1
109.1
109.6
109.8
110.7
111.1
111.7
111.9
112.8
113.2
113.3
113. <
109.
111.
115.
114.
119.
116.
111.
113.
116.
110.
120.9
115.4
122.3
123.4
120.9
126.0
116.0
130.0
110.4
115.9
109.1
114.2
123.3
120.6
118.4
102.8
120.5
114.6
122.6
123.8
121.7
126.9
116.3
131.1
111.3
115.9
109.9
114.8
124.0
121.2
118.9
103.8
138.6
130.5
145.5
120.9
126.3
120.4
115.5
121. 6
122.9
120.4
125.3
115.7
129.1
110.5
115.8
109.3
113.9
122.2
119.5
117.2
98.4
126 7
138.7
131.1
146.4
121.5
126.7
138.7
131.9
147.4
122.1
127.5
119 2
120.4
119.6
119.5
121.0
120.0
120.0
122.0
119.9
195.7
192.8
i 97.8
93.5
92.3
94.4
93.7
92.2
94.9
108.7
109.1
108.7
119.3
113.7
120.6
126.8
119.1
123.6
115.1
127.0
110.4
115.1
109.5
113.0
120.1
119.6
117.3
100.8
120.0
114.0
121.0
132.2
119.5
124.2
115.1
127.8
110.6
115.7
109.5
113.1
119.7
119.8
117.6
99.8
120.5
115.3
121.5
128.2
120.1
125.0
115.4
128.8
110.7
115.7
109.7
113.3
120.3
120.0
117.7
99.1
138.3
130.0
145.0
120.3
125.7
138.5
130.2
145.1
120.4
125.9
_do
do
do
-do
do
99.6
105.6
108.2
107.0
111.6
101.1
108.0
111.3
109.9
115.3
102.6
107.9
111.9
110.7
115.2
100.8
107.9
111.4
110.0
115.4
H30.9
108.3
112.0
110.7
115.7
100.2
108.5
112.0
110.6
116.4
101.5
108.6
112.5
111.0
116.9
101.3
109.2
112.6
111.1
117.1
102.8
110.1
113.2
111.8
117.6
103.8
110.7
113.3
111.7
117.8
105.2
111.4
113.7
112.2
118.0
105.7
111.4
113.8
112.3
118.1
109.7
111.4
114.7
113.5
118.5
111.2
111.4
115.4
114.2
118.7
110.2
111.4
115.9
114.8
119.3
do
do
do
do
do
108. 1
104.7
106.7
108.3
105.3
111.8
106.5
109.4
112.0
106. 9
111.3
107.4
109.7
111.7
107.7
111.6
106.6
109.5
111.9
107.2
112.0
107.0
109.9
112.3
107.4
112.8
106.5
110.0
113.1
107.0
113.1
107.0
110.3
113 .4
107.2
113.6
107.1
110.5
113.9
107.2
114.6
107.8
111.3
114.8
107. 7
115.4
108.0
111.7
115.6
108.0
116.1
108. 6
112.2
116. 3
108.3
116.0
108.8
112.4
116.2
108.9
116.1
110.3
112.8
116.2
109.6
115.9
111.2
113.2
116.0
110.6
116.1
111.3
113.5
116.1
111.0
.do
105.2
107.6
109.4
107.7
108.6
107.4
108.3
108.4
109.8
110.0
110.7
110.9
114.1
115.5
115.5
114.
Farm products 9--- do
Fruits and vegetables, fresh and dried- do
Grains
do
Live poultry
.
._
do
Livestock .
do
99.7
101.6
92.2
81.9
101.1
102.2
108.2
81.9
84.9
104.8
103.9
108.2
80.0
93.8
109.5
101.4
97.4
75.1
87.8
106.2
102.8
97.6
76.5
84.8
106.0
101.2
99.8
78.7
79.3
104.1
103.1
109.4
82.0
87.6
103.9
103.3
109.3
80.4
82.9
104.2
104.9
112.0
82.5
90.5
106.1
105.0
108.7
82.0
94.3
109.2
106.5
112.1
81.6
95.5
112.5
105.6
106.8
83.1
87.0
113.8
110.5
126.7
86.7
90.7
123.0
111.2
112.9
85.6
89.8
130.4
110.5
103.1
83.7
90.2
126.8
108. (
106.
81.
92.
123.
Foods and feeds, processed 9
Beverages and beverage materials _
Cereal and bakery products
Dairy products
Fruits and vegetables, processed
Meats, poultry, and
fish
do
_do
do
do
-_do._
do
111.7
106.5
117.1
121.9
107.2
105.0
114.1
109.6
118.2
127.7
114.1
108.3
115.9
109.5
118.4
128.8
114.7
113.6
114.9
109.8
119.3
128.8
113.6
109.7
115.3
110.0
119.0
129.1
113.6
111.2
114.4
110.5
119.4
130.1
114.0
106.9
114.7
110.6
119.3
130.0
114.1
107.7
114.7
110.6
119.3
130.4
113.3
107.3
116.0
110.8
119.3
130.1
113.6
111.1
116.3
111.1
119.3
130.2
114.5
111.4
116.4
111.3
119.3
130.4
115.1
112.2
117.3
111.4
119.3
131.4
115.4
114.0
119.4
111.8
119.4
132.5
115.7
121.0
121.4
112.4
119.7
133.0
115.6
126.5
122.0
112.6
119.9
133.0
116.6
127,5
121.
112.
120.
133. (
116. {
124.
-do
106.3
109.0
108.8
108.9
109.2
109.7
109.9
110.2
110.9
111.4
112.0
112.1
112.2
112.2
112.4
112.
98.4
103.6
97.4
94.0
81.3
109.3
98.2
99.7
98.4
93.3
73.9
114.6
98.2
101.3
98.2
93.4
69.1
114.4
98.1
99.4
98.4
93.2
71.2
114.4
97.9
98.7
97.9
93.0
68.5
115.2
97.8
98.1
98.0
93.3
69.9
115.2
97.8
96.7
97.9
93.5
73.4
115.9
97.7
96.4
97.9
93.6
69.8
115.9
97.6
92.9
98.1
93.4
72.2
118.2
97.8
92.2
98.1
93.4
73.6
118.2
98.0
92.3
97.9
93.6
80.4
118.7
97.9
92.1
96.7
93.7
83.7
118.7
98.1
92.1
96.9
93.8
83.3
118.7
98.3
92.1
97.0
93.8
86.8
119.2
98.2
88.6
97 7
93.' 8
90.5
119.2
98.'
88.^
98.
93.
99.
119.
Fuels and related prod., and power 9
do
Coal
do
Electric power.
Jan. 1958=100
Gas fuels
do
Petrole um products, refined
1957-59 = 100_ _
103.6
103.3
100.7
133.7
102.2
102.4
106.7
101.5
123.8
100.3
103.3
105.4
101.2
120.8
102.8
102.6
105.5
101.8
120.6
101.0
102.5
105.8
101.8
120.8
100.9
101.9
108.3
101.9
120.4
99.3
102.0
111.0
102.0
120.4
99.2
102.2
112.7
102.1
120.9
99.0
102.4
112.7
102.0
124.4
98.9
102.7
112.7
102.2
124.0
99.5
104.2
112.7
102.3
124.6
101.7
104.5
112.8
102.3
121.8
102.5
104.5
113.5
102.5
121.6
102.4
105.0
114.2
102.6
121.8
103.3
105.0
115.4
102.5
121.6
103.2
104.
115.
102.
121.
102.
Furniture and household durables 9 ...
Appliances, household
Furniture, household _ _
Home electronic equipment
.do
do
do
do
101.1
90.2
112.9
82.6
104.0
92.2
117.2
81.0
104.1
92.4
117.2
80.7
104.2
92.5
117.5
80.7
104.4
92.6
117.8
80.7
104.5
92.7
118.5
80.2
104.7
92.7
118.9
80.2
105.0
92.9
119.2
79.8
105.3
92.6
120.7
78.7
105.4
92.5
121.0
78.7
105.7
92.8
121.3
78.6
105.8
93.0
121.5
78.5
105.9
93.0
121.9
78.1
105.9
92.9
122.3
78.1
106.1
93.0
122.8
77.9
106.
93. (
123.
77.
. do
do
do
do
do
do
115.8
122.1
94.2
110.3
105.4
108.4
119.5
128.0
99.6
112.6
119.3
127.2
119.5
127.3
101.5
113.8
119.2
127.7
119. 5
127.2
102.8
113.6
120.5
129. 8
120.7
128.8
106.6
114.1
122.6
131.5
122.3
131.3
105.6
115.1
124.9
133.4
122 .4
131.7
107.0
113.8
126.8
136.2
122.8
131.7
106.8
115.8
133.5
142.2
123.5
132.1
109.2
116.8
137.8
147.9
123.4
132.2
106.3
116.5
144. 5
155. 8
123.4
131.5
109.1
116.4
149.5
164.7
126.0
131.9
125.8
122.3
143.3
164.9
126.1
132.1
122.6
121.7
138.0
155.9
125.7
132.3
117.4
121.5
129.8
142.3
126.4
132.7
123. 0
121.2
125.3
133.4
126. <
132.
123.1
121. (
124. (
131.
118.3
131.9
134.3
104.5
132.1
118.6
132.0
134.5
104.7
132.3
119.0
132.3
134.8
104.8
133.3
119.1
132. C
134. e
104.7
133. i
Farm prod., processed foods and feeds
Industrial commodities
_
Chemicals and allied products 9
Agric. chemicals and chem. prod
Chemicals, industrial
Drugs and Pharmaceuticals
Fats and oils, inedible
Prepared paint
Hides, skins, and leather products 9
Footwear
Hides and skins
_
Leather
Lumber and wood products
Lumber
-do
do
do
do
do
do
115.4
115.8
115.2
115.2
111.8
Machinery and equipment 9 ..
-do
127.0
127.7
126.8
122.4
127.1
Agricultural machinery and equip
do
129.0
130.3
129.2
123.2
129.6
Construction machinery and equip
do
102.9
103.1
102.7
103.0
Electrical machinery and equip .
do
101.8
129.7
129.1 1 129.3
128.6
Metalworking machinery and equip _..do
123.8
r
Revised.
J> Preliminary.
1 Computed by QBE.
9Includes data for items not
shown separately.
cfFor actual wholesale prices of individual commodities, see respective
116.6
116.1
129.3
127.8
132.1
131.5
103.6
103.2
130.4
130.0
commodities.
117.8
118.0
117.3
117.0
116.7
131.8
131.7
131.6
130.1 131.2
134.1
134.0
133.6
133.5
132.7
104.3
104.2
103.5
103.5
103.5
131.8
131.4
131.1
131.0
130.5
OGoods to users, incl. raw foods and fuels.
SURVEY OF CURRENT BUSINESS
September 1969
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1968
Annual
S-9
1969
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
117.9
97.2
110.3
135.5
118.7
97.7
111.1
136.1
120.4
97.7
112.7
139.5
Aug.
COMMODITY PRICES—Continued
WHOLESALE PRICEScf— Continued
(U.S. Department of Labor Indexes— Continued)
All commodities— Continued
Industrial commodities— Continued
Metals and metal products 9
1957-59=100..
Heating equipment..
.
do
Iron and steel
do
Nonferrous metals _
_ do
111.4
95.3
104.8
122.3
112.5
95.6
106.7
121.9
112.4
95.8
106.0
122.4
112.8
96.0
106.1
123.5
114.4
96.1
107.5
127.2
115.2
96.3
108.0
128.9
115.8
96.6
108.8
129.9
116.5
96.8
108.9
132.4
117.5
97.0
109.9
134.2
108.7
108.9
109.2
109.3
110.6
111.2
111.9
112.3
112.6
112.8
113.0
113.0
113.7
108.6
106.6
105.1
113.1
100.7
99.5
114.2
109.1
106.2
105.2
113.1
101.0
99.5
115.2
109.2
106.2
105.2
113.4
101.1
99.5
115.4
109.5
106.2
105.2
113.4
101.1
99.5
115.8
110.7
106.2
106.2
115.0
100.0
96.3
115.9
110.8
106.2
106.8
115.7
100.5
96.3
116.0
111.2
106.2
107.4.
116.1
100.9
96.3
116.7
111.3
106.2
108.0
116.4
101.2
96.3
116.8
111.6
108.7
108.1
116.7
101.1
96.3
116.9
111.6
108.7
108.3
117.0
101.2
96.3
116.9
112.3
104.9
108.4
117.1
102.5
98.4
117.0
112.4
103.2
108.7
117 2
103.0
99.2
106.5
111.0
105.4
92.5
177.5
104.1
107.0
111.7
105.3
92.7
175.5
104.7
107.2
111.8
105.4
93.0
172.0
104.6
107.1
111.9
105.1
92.9
165.2
104.6
107.4
112.7
104.8
92.8
160.8
104.7
107.2
112.7
104.8
92.3
156.4
104.4
107.1
112.8
104.6
92.1
155.0
104.2
107.1
113.0
104.5
92.4
155.4
104.3
106.9
112.9
104.6
92.6
157.9
104.3
107.2
113.3
104.5
92.7
164.6
105.0
107.7
113 9
105.3
92.6
168.2
105.0
108.7
115 8
105.7
92.7
177.1
104.8
104.4
111.6
108.9
114.9
104.1
111.9
109.0
114.9
106.5
112.0
109.1
115.0
106.6
112.5
109.2
116.5
100.0
106.6
112.5
109.3
116.5
100.1
106.5
112.5
110.2
116.6
100.1
106.4
112.5
110.1
116.7
100.0
106.3
112.5
110.5
116.7
100.1
106.4
112.7
110.8
116.9
100.2
106.5
112.8
110.7
117.0
100.3
106.6
115.1
110.9
123.2
100 4
106.6
115 5
111.2
123.4
99 9
106.0
115 9
111.8
123. 5
$0. 920
.820
$0. 917
.818
$0. 917
.814
$0.912
.810
$0. 911
.808
$0.903
.806
$0.900
.803
$0. 895
.796
$0.894
.791
$0.887
.789
$0. 883
.784
$0.883
780
$0. 882
777
' 6, 487
7,175
' 7, 762 '8,303
8,475
r 4, 401
r 2, 173
r
1,729
4,812
2,405
1,916
1,519
1,625
109.6
92.7
103.6
120.9
112.4
94.9
105 5
125.3
Nonmetallic mineral products 9
do
Clay prod., structural, excl. refractories
104.3
108 1
108.4
108.7
Concrete products _
Gypsum products
Pulp, paper, and allied products
Paper
Rubber and products..
Tires and tubes..
do
do
do
do
do
do__
do
110.4
105.4
102.8
103.8
110.0
96.9
96.0
113.1
108.1
105 5
105 2
112 7
100.3
99 2
112.5
108.1
105.0
104.9
113 0
100.7
100.9
113.7
108.5
106.6
104.9
113.0
100.6
99.5
do
do
do
do
do
do
102.0
106 8
100 7
86.5
172.0
103.3
105 7
110 3
105 1
90 8
183 0
103 7
105.8
110 7
105 2
90.4
182 5
103.9
106.0
110 9
105.3
90.7
175.1
104.1
102.2
109 3
105.8
112.9
104.9
111 8
108 3
115 2
104.2
111 5
108.7
114.9
1957-59=$!. 00. . $0. 943
do
.860
$0. 920
825
$0. 917
823
Textile products and apparel 9 . .
Apparel
Cotton products
Manmade fiber textile products
Silk yarns
_
Wool products..
,
Transportation equipment 9
Motor vehicles and equip
Miscellaneous products 9
Toys, sporting goods, etc .
Tobacco products
Dec. 1968—100
1957-59= 100. .
do
do
do
111.3
95.4
104.8
121.7
112.2
95.5
106.7
121.5
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE J
76, 160
84, 692
7,714
7,963
8,082
7,891
7,792
6,822
' 6, 211 '5,888
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:
Telephone and telegraph
do
50 587
23, 736
17,885
56 996
28, 823
22, 423
5 102
2 721
2 075
5 338
2,790
2 123
5 364
2,780
2 139
5 406
2,678
2,130
5 225
2,593
2,102
4,855
2,454
1,996
r
r
18, 106
6 131
6,982
1,324
18,800
5 594
8 333
1,535
1,690
1,716
1,808
1,752
1,583
1,638
1,704
156
148
147
172
161
164
128
132
162
'166
Public, total 9
25, 573
27 696
2 612
2 625
2 718
2,485
2 567
1,967
1 876
1 856
2 086
2,363
9,974
10 447
885
54
35
57
888
57
43
79
902
64
37
96
837
904
65
53
83
922
814
86
43
92
511
799
81
44
68
510
861
98
37
62
442
87.8
87 8
88 1
r
92 1
r 92 1
r 91 I
••90 7
r 90 7
63 0
r
62 6
T
62.4
61.3
61 5
' 61 6
61 0
r
32 1
31.3
30 8
r 30 2
29 4
20 6
6 0
9 8
20.2
20 6
59
9 3
r 21 2
21 3
6 3
9 5
New construction (unadjusted), total
mil. $
_
do
Buildings (excluding military) 9
do
Housing and redevelopment
do. .
Industrial
do
Military facilities
do
Highways and streets.
do
New construction (seasonally adjusted at annual
rates), total
bil $
Private, total 9
706
406
721
8,538
746
517
824
9,295
do
Residential (nonfarm)
do
Nonresidential buildings, except farm and public utilities, total 9
bil. $
Industrial
do
Commercial
do
Public utilities:
Telephone and telegraph
do
Public, total 9
do
Buildings (excluding military) 9 .
do
Housing and redevelopment
do
Industrial
do
Military facilities
do
Highways and streets
do
CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F. W. Dodge
Division, McGraw-Hill):
Valuation, total}...
mil. $
417
721
508
793
1 051
1,014
949
63
41
81
946
81.7
83.7
85 3
538
844
543
798
529
692
1,519
463
678
1,453
437
647
55.0
56.7
57.4
59.3
59.0
58.9
r
27.8
28.3
29.4
29.8
30 2
30.9
'31 2
r 31 5
17.6
4 8
83
19.0
18.6
5 5
8 5
19.7
6 1
89
19.2
6 3
83
18.4
21 9
6 8
10 0
21 5
6 3
9 9
5.6
86
5.9
80
'1,062
'85
54
84
r
r 86
30
67
r 90 9
90 1
'61
821
'60
r 10 0
2 0
11 4
15
12 0
13
12.4
14
12 6
14
10
9 7
10
10 1
10
88
r 1 2
9.1
10
9 0
18
29 2
29 5
9.7
6
10.3
10.5
10 9
11 0
10
11 2
12
9. 1
9.9
6
.6
.8
9.2
9 4
1i
9 6
5
5
r
5
.5
550
828
173
r 29 3
2 0
29 1
1,851
' 2 561 ' 2 748 2 829
2 1
18
.6
9 1
' 1, 826
'535
' 850
29 2
18
28 8
7
.7
9
5.9
503
783
28 7
2 0
28.5
6
.4
1.0
9.2
954 ' 1,008
111
118
40
46
72
'89
r
696
539
1,742
2 0
18
27.8
6
.5
8
9.2
471
720
' 29.4
17
27.1
7
466
685
5, 201 ' 5 555 5 646
' 2, 617 ' 2, 827 2 884
' 2, 076 ' 2, 241 2 245
19
19
26 7
.5
i 54, 514 1 261, 732
485
782
4, 335 r 4, 032
2, 143 r 1, 944
1,562
1,723
6
r
T
29 1
Q
9
4
8
6 168
5,956
6,318
5,170
6,171
4,863
4 543
4 766
4 802
5 003
5 895
7 081
6 255
1957-59=100
3153
3173
187
192
183
200
183
179
191
205
177
183
210
180
176
mil. $
do
i 19, 039
i 35 475
i 19, 597
i 42 135
2,256
3 700
1,924
4,394
1,549
3,621
1,728
4,443
1,558
3 305
1,278
3 265
1,546
3 220
1,572
3 230
1,632
3 371
1,791
4 104
2,536
4 545
2,241
4 014
3,855
2 314
do
do
do
i 20, 139 i 22, 513
i 21 155 12 24 838
i 13 220 1 14 382
2,414
2,287
1,255
2,128
2,295
1,895
1,815
2,125
1,230
2,370
2,408
1,393
1,992
2 043
1 849
1 743
2 145
1 746
875
1 885
1 820
1 097
1 772
1 957
1 274
2 136
2 546
1 213
2 680
2 620
1 780
2 322
2 462
1 471
2 370
2 225
l' 574
do
4,895
2,800
3,001
59, 944
52, 419
'2 Revised.
» Preliminary.
i Annual total reflects revisions not distributed to months.
See note "If" for this page.
3 Computed from cumulative valuation total,
cf See corresponding note on p. S-8.
9 Includes data for items not shown separately,
tRevisions for 1965-1967 for seasonally adjusted data appear on p. 51 of the July 1969 SURVEY;
for revisions to the unadjusted data see Bu. of Census report C30-68-6.
6,387
6,649
4,405
3,617
4,690
3,738
4,572
4,267
4,368
Index (mo. data seas, adj.)
Public ownership
Private ownership.
By type of building:
Nonresidential
Residential 1...
Non-building construction . .
New construction planning
(Engineering News-Record) §
http://fraser.stlouisfed.org/
360-735 0 - 6 9 - 6
Federal Reserve Bank of St. Louis
.
828
951
5,461
4,167
^Beginning Jan. 1968, data are not entirely comparable with those for earlier periods; new
compilation methods raises the level of residential data by 8 percent and the total valuation
by 3 percent.
§ Data for Aug. and Oct. 1968 and Jan., May, and July 1969 are for 5 weeks,
other months, 4 weeks.
September 1969
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
Annual
1969
1968
1968
July
Sept.
Aug.
Oct.
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
May
157.7
'91.4
155.5
June
July
Aug.
CONSTRUCTION AND REAL ESTATE—Continued
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total, incl. farm (private and public) .. -thous .. 1, 321. 9
844.9
One-family structures
do
1, 291. 6
Privately owned
do
1, 547. 7
900.7
1, 507. 7
142.5
86.5
139.8
141.0
82.6
136.6
139.8
80.3
134.3
143.3
85.6
140.8
129.5
65.1
127.1
99.8
53.9
96.4
105.8
51.3
101.5
94.8
48.0
90.1
135.6
72.0
131.9
159.9
'85.0
159.0
1, 298. 8
919.7
1, 268. 4
1, 523. 6
1, 117. 6
1, 483. 6
140.0
100.6
137.3
138.9
101.0
134.5
138.0
103.0
132.4
140.6
100.8
138.1
127.5
96.8
125.1
98.9
75.1
95.5
104.5
80.9
100.2
93.9
73.3
89.2
134.4
102.0
130.6
158.3
117.8
157.4
1,531
1,507
1,518
1,496
1,592
1,570
1,570
1,541
1,733
1,705
1,507
1,492
1,878
1,845
1,686
1,664
1,584
1,567
1,563
1,548
1,509
1,495
1,289
1,290
1,393
1,425
1,463
1,403
1,477
1,421
1,502
1,323
673
706
1,378
663
Total nonfarm (private and public)
In metropolitan areas
Privately owned
do
do
do
Seasonally adjusted at annual rates:
Total, including farm (private only)
Total nonfarm (private only)
do
do
New private housing units authorized by building
permits (13,000 permit-issuing places) :J
Seasonally adjusted at annual rates:
Total
_
thous
One-family structures. _
_
do
1,141
651
1,341
1957—59 — 100
125
131
132
133
1913=100
do
do
do
do
909
992
1,008
910
903
970
1,072
1,070
979
132
do
do
do
do
689
671
685
136
137
137
138
1,007
1,111
1,099
1,013
1,015
1,125
1,105
1,035
1,026
1,138
1,113
1,047
1,032
1,151
1,117
1,057
971
978
990
694
729
736
133
135
135
986
992
994
997
1,081
1,090
1,087
1,092
1,110
1,092
659
670
' 150. 8 ' 125. 4
'82.2
71.1
' 147. 3 ' 124. 1
123.6
120.7
156.1 ' 148. 3 ' 123. 1
' 114. 5 ' 108. 5
88.0
154.0 ' 144. 8 '121.8
122.3
'1,469 '1,358
' 1, 446 '1,336
1,336
1,326
632
1,340
631
' 1, 228
'570
119.4
1,193
577
CONSTRUCTION COST INDEXES
Dept of Commerce composite!
American Appraisal Co., The:
Average, 30 cities
Atlanta
New York
San Francisco..
St. Louis
_ _ „ _
Associated General Contractors of America, Inc.,
The (building only)
1957-59=100..
E. H. Boeckh and Associates, Inc.: J
Average, 20 cities:
All types combined
1957-59 — 100
Commercial and factory buildings
Residences
...
.
Engineering News-Record: t
Building
__
Construction
Bu. of Public Roads— Highway construction:
Composite (avg for year or otr )
1957—59 100
1,075
1,087
1,110
1,093
1,001
r
139
139
141
142
996
1,034
1,154
1,116
1,047
1,001
1,040
1,148
1,109
1,048
997
1,046
1,137
1,104
1,032
1,019
1,059
1,161
1,106
1,062
1,019
1,061
1,176
1,105
1,062
1,035
153
968
964
979
967
139
140
129 8
130 7
130 2
127.4
139 9
139 1
136.7
127.4
140 8
136.8
151.9
117 6
121 6
153 2
165 8
181 6
189 7
171 8
155.7
169 9
162.7
182 8
161.1
154 o
161.3
143.1
167.1
146 8
156.5
149.6
169.3
170 5
176.4
176 9
196.5
179.1
187.5
163 0
186 6
171 1
168 1
198 1
210 1
166 7
249 8
151 9
175 1
263 8
159 1
173 0
238 4
159 6
188 8
279 6
145 2
163 4
185 2
139.5
157 8
136 1
143 0
162 7
114.2
148.8
160 3
120.2
178 5
178 3
156 2
180 9
179 8
207 3
' 186. 4
175 3
' 236. 0
180.5
161 7
245.3
167.2
168.9
15.1
167
11.5
'15.4
' 167
11.5
'16.1
' 174
11.4
127
172
'16.0
' 160
12.2
r 16.8
9.0
136
' 12.4
' 178
10.1
' 13.8
125
13.6
'212
11.4
135
17.1
••199
12.7
147
12.3
187
131. 7
13.2
146
12. 5
14.0
124 3
5 884 64 6, 495. 94
3 404 87 3 773 88
572. 97
326 86
595. 13
340 69
588. 18
322. 30
707. 37
359 54
598. 76
376. 98
4,386
5,259
4,988
4,997
5,026
5,035
20 122
21, 983
1,859
1,995
1,840
400
414
966
953
980
969
980
969
141
142
142
143
143
145
146
146
147
148
151
153
140 6
141 8
140 6
138.5
142 5
141 7
139.2
142 1
143 1
142.2
140.1
142 2
143 3
142.4
140.3
142 3
143 4
142.4
140.3
144 1
143.1
141.1
146 3
144.5
143.2
146.2
148 0
145.7
144.9
147.5
149.2
146.9
146.4
146 9
148 4
146.2
146.3
147.3
149.0
146.5
146.7
149.7
151 5
148.9
149.0
150.8
153.0
150.3
148.9
136.7
152.5
138.3
153.9
140.7
155.8
141.6
156.5
141.7
156.7
143.2
158.0
145.0
160.0
146.2
161.8
147.9
162.9
149.9
164.3
150.1
165.6
151.5
169.1
150.3
168.8
1151.6
i 170. 0
15.2
174
13.6
14.5
169
13.0
969
123 5
13^ 3
119 5
130.1
CONSTRUCTION MATERIALS
Output index:
Composite unadjusted?
Seasonally adjusted
1947—49 100
do
Iron and steel products unadjusted
do
Portland cement unadjusted
do
14Q fi
REAL ESTATE
Mortgage applications for new home construction:
Applications for FHA commitments
thous. units..
Seasonally adjusted annual ratesf...
do
Requests for VA appraisals
do
Seasonally adjusted annual ratesj . . do
Home mortgages insured or guaranteed byFed. Hous. Adm.: Face amount.
mil. $
Vet. Adm.: Face amount§
do
Federal Home Loan Banks, outstanding advances
to member institutions, end of period
mil. $__
New mortgage loans of all savings and loan associations, estimated totalt
...
mil. $
By purpose of loan:t
Home construction
do
Home purchase.. __
do
All other purposes
.
do
Foreclosures f
Fire losses (on bldgs., contents, etc.)
number
mil $
' 169
10.4
148
9.9
132
525. 34
365. 50
608.38
369. 83
5,040
5,259
1,949
1,724
466
995
488
392
868
464
7 971
4 243
9 604
6,275
4,916
11,215
5,852
1,038
1,156
421
425
396
984
460
134 203
110 404
9 530
8 340
8,460
8 827
8,264
131. 69
134. 80
134. 21
1 706 72 1 829 92
154. 71
159. 14
' 168
'165
12.2
151
136
124
122
494. 00
295. 68
491. 60
329 04
541. 21
301. 30
519. 67
323. 09
595. 38
308. 13
657. 56
355.55
630. 40
5,357
5,298
5,331
5,764
5,971
6,413
7,053
7,544
1,886
1,592
1,580
1,870
2,073
2,146
'2,415
' 1, 974
1,918
407
869
610
348
783
461
364
767
449
485
482
495
'1,345
421
156. 08
T
8,292
179. 47
r
7, 503
149. 12
440
896
534
r
1,023
565
1,113
551
126
'575
8, 443
8 321
8,476
8,103
173. 91
169. 91
157. 52
164. 57
145
' 1, 091
'462
394
1,089
435
148. 21
DOMESTIC TRADE
ADVERTISING
Marketing/Communications advertising index, seasonally adjusted:©
Combined index
1957 59 100
Business papers
do
Magazines
do
Newspapers
do
Outdoor
do
Radio (network)
do
Television (network'). .
do
149
128
157
117
96
118
20fi
155
131
162
124
106
130
213
154
129
162
125
118
142
207
146
125
142
122
104
169
200
' Revised.
i Index as of Sept. 1,1969: Building, 151.0; construction, 169.1.
t Revisions for Jan.-Aug. 1967 for new private housing units authorized; for 1965-May 1967
for Dept. of Commerce composite; for July-Dec. 1966 for ENR building and construction
cost indexes; for 1960-66 (seas, adj.) for FHA applications and VA appraisals; and for Jan. 1961Dec. 1967 for new mortgage loans will be shown later.
152
122
169
125
111
133
195
162
162
159
161
163
164
125
130
128
139
128
128
172
163
170
163
164
175
132
132
134
135
127
133
92
79
125
113
110
117
116
123
146
139
117
99
233
225
224
231
226
227
^Copyrighted data; see last paragraph of headnote, p. S-l.
9 Includes data for items not shown separately.
§ Data include guaranteed direct loans sold.
f Revised series. Data are based on a new benchmark (1967) and reflect improved reporting,
as well as the inclusion of farm foreclosures and data for Alaska and Hawaii. Jan. 1967-Apnl
1968 data will be shown later.
© Formerly Printer's Ink advertising index.
SURVEY OF CUEKENT BUSINESS
September 1969
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
S-ll
1968
1968
Annual
July
Aug.
Sept.
1969
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Television advertising:
Network (major national networks) :
Net time costs, total
Automotive, incl. accessories
Drugs and toiletries
Foods, soft drinks, confectionery
Soaps, cleansers, etc
Smoking materials _
_
All other
498.4
48.7
134.7
88.0
36.9
49.1
141.0
1, 499. 9
115.8
429.0
306.8
134.3
183.1
331.0
1, 548. 1
125.8
435.1
293.3
144.9
156.8
392.3
Magazine advertising (general and natl. farm magazines) :
Cost, total
. . mil. $._ 1, 161. 6
Apparel and accessories. _
do
60.7
Automotive, incl accessories
do
103.7
Building materials
.
_
do
31.0
Drugs and toiletries
do
148.4
Foods, soft drinks, confectionery _ _ do
116.1
1, 196. 1
63.5
112.6
32.3
144.4
106.3
69.9
1.1
4.8
2.2
10.3
9.1
67.7
6.2
3.4
1.6
10.5
5.7
106.8
10.6
6.8
3.1
11.6
7.1
127.2
7.1
17.3
2.9
13.5
9.5
134.7
6.6
13.9
2.2
15.1
11.6
100.6
4.0
7.4
1.6
12.0
9.1
67.2
2.0
6.8
1.4
8.7
5.8
88.6
3.7
8.7
2.2
11.8
8.9
108.6
7.0
11.3
2.9
12.1
9.3
122.2
7.9
11.3
3.7
13.8
9.7
125.7
5.3
11.2
4.1
15.4
8.8
98.8
2.4
9.3
2.7
14.4
8.6
71.4
1.0
5.3
.1
10.9
7.7
73.4
6.1
4.4
1.4
11.3
5.8
95.6
75.7
56.7
22.2
43.2
443.6
6.3
4.1
3.3
1.9
2.9
23.9
4.6
2.5
3.7
1.5
3.2
24.8
7.1
7.5
5.8
1.9
3.6
41.6
10.4
9.4
5.3
2.8
4.1
44.9
13.0
9.8
5.4
1.8
4.4
50.9
15.6
5.4
4.2
1.1
4.3
36.0
3.2
2.8
3.7
1.1
3.2
28.5
4.6
3.1
3.3
1.4
3.5
37.2
7.3
6.9
4.8
1.7
3.6
41.6
8.5
8.4
4.6
2.2
4.3
47.6
9.5
10.5
7.3
1.7
4.1
47.8
9.2
6.4
5.6
1.2
3.8
35.2
6.7
4.4
4.5
.8
3.6
26.4
4.7
3.2
4.9
.8
3.5
27.3
3, 297. 8 3, 381. 1
923.7
878.1
2, 419. 6 2, 457. 3
171.0
158.5
72.8
66.9
296.1
297.1
1,897.1 1,917.4
249.9
75.2
174.8
13.6
6.9
18.6
135.7
277.9
83.8
194.1
13.3
4.1
18.1
158.6
292.8
83.3
209.5
15.9
5.7
27.1
160.9
315.7
84.1
231.5
16.0
7.2
31.7
176.7
315.9
79.0
236.8
13.1
6.2
32.5
185.0
316.0
67.9
248.1
9.3
7.1
24.2
207.5
256.0
77.1
178.9
11.6
8.6
20.9
137.9
250.5
75.6
174.8
13.5
5.3
23.6
132.5
304.7
89.7
215.0
15.0
7.0
27.3
165.7
299.7
87.7
212.0
16.1
7.8
26.6
161.4
326.6
95.7
230.9
17.9
6.1
29.7
177.1
303.1
89.8
213.2
15.77.8
25.5
164.3
273.3
83.7
189.6
14.7
8.2
19.3
147.5
219, 943
100, 012
119, 930
18, 488
8,515
9,973
18,933
8,629
10,304
18, 640
8,590
10, 050
19, 979
9,220
10, 759
18, 906
8,578
10, 329
18, 917
8,428
10, 489
17, 576
8,017
9,560
16, 897
7,962
8,935
19, 158
8,878
10, 280
19,912
9,489
10,423
20, 150 ' 20,036 20, 056
9,420 ' 9, 549 9,379
10, 730 ' 10,485 10, 677
21, 908
13, 030
8,878
22,094
13,183
8,910
22, 170
13, 065
9, 105
22, 631
13, 162
9,470
22, 790
13, 202
9,588
22, 603
13, 245
9,358
22, 637
13, 180
9,457
22, 828
13, 404
9,423
23, 211
13, 723
9,488
23,437
14, 031
9,406
23, 422 ' 23,571
14, 060 ' 14,227
9,362 ' 9, 344
28,542
29,410
9,383
5,365
4,951
414
1,479
905
476
1,355
1,077
278
20, 027
1,633
342
618
295
27, 015
29. 418
30, 112
34, 086
26, 237
24, 844
27, 955
28, 814
9,696
5,773
5,354
419
1,393
861
440
1,338
1,055
283
18,846
1,421
325
548
236
8,703
4,814
4,457
357
1,412
850
460
1,257
997
260
18, 312
1,557
332
608
284
10, 039
5,992
5,595
397
1,450
907
456
1,339
1,063
276
19, 379
1,654
373
656
265
9,554
5,623
5,196
427
1,489
933
464
1,198
907
291
20, 558
1,810
437
701
277
9,675
5,049
4,604
445
1,770
1,025
613
1,186
817
369
24, 411
2,641
689
990
343
8,335
5,137
4,806
331
1,267
786
401
938
727
211
17, 902
1,403
370
530
215
8,245
5,058
4,743
315
1,216
768
374
968
766
202
16, 599
1,214
289
479
190
9,222
5,707
5,339
368
1,291
842
372
1,098
866
232
18, 733
1,528
330
600
265
9,742
5,924
5,500
424
1,281
838
372
1,271
980
291
19, 072
1,642
368
626
282
30, 812 r 29, 625 '29,097 i 29,387
10, 259 ' 10, 207 ' 9, 541 i 9, 006
6,200 r 6, 152 ' 5, 653 i 5, 201
5,208
5,750 r 5, 695
445
'457
450
1,386 ' 1,417 ' 1, 407 i 1,385
874
••899
902
465
446
412
1,338
r 1, 370
1,344
1,040
1,033 r 1, 073
298
311
'297
20, 553 ••19,418 '19,556 i 20,381
1,478 i 1,680
1,662 r 1, 550
336
391
'375
561
642
'574
270
'289
286
938
2,287
6,196
5,766
2,197
962
2,413
6,596
6,166
2,202
912
2,175
5,860
5,448
2,017
941
2,161
6,108
5,685
2,064
924
2,045
6,425
6,009
2,055
1,295
2,041
6,375
5,945
2,079
942
1,918
6,246
5,868
1,992
884
1,817
5,758
5,401
1,836
932
2,000
6,195
5,801
2,053
931
2,073
6,017
5,623
2,070
54, 493
4,222
4,671
4,266
4,697
5, 488]
7,807
3,587
3,410
4,247
4,500
49, 295
33, 323
3,256
6,152
6,969
4,243
2,844
273
526
600
28, 760
9,377
5,561
5,173
388
3,831
2,602
256
451
548
7,286
5,092
434
980
825
3,198
2,203
202
375
580
28,902
9,687
5,899
5,516
383
4,209
2,843
316
498
584
28, 697
9,342
5,556
5,171
385
28, 347
9,238
5,445
5,082
363
28, 989
9,446
5,574
5,157
417
3,040
2,041
223
390
514
29, 289
9,597
5,607
5,172
435
3,838
2,632
282
464
550
28, 916
9,377
5,518
5,099
419
4,056
2,778
268
512
563
29, 442
9,575
5,572
5,145
427
1,433
856
475
1,190
919
271
19, 383
1,659
372
651
286
1,395
859
443
1,196
926
270
19, 215
1,619
369
642
275
mil. $.
__do
do_
do
do
do
do
Beer, wine, liquors
do
Household equip., supplies, furnish ings., do
Industrial materials _
do
Soaps, cleansers, etc
do
Smoking materials
do__.
Allother.
„
do
Newspaper advertising linage (52 cities) :
Total
mil. lines..
Classified
do
Display, total..
do _ _
Automotive
_ do__
Financial
_ ..do
General..
_do
Ketail
_
_ do __
WHOLESALE TRADE
Merchant wholesalers sales (unadj.), total, mil. $_.
Durable goods establishments. _do
Nondurable goods establishments
do
89.2
70.7
62.7
22.9
39.9
416.3
205, 188
90, 447
114,741
Merchant wholesalers inventories, book value,
end of year or month (unadj.), total
mil. $__ 21, 607
22, 603
Durable goods establishments
___do
13, 245
12, 308
Nondurable goods establishments
do._ _
9,358
9,299
RETAIL TRADE J
All retail stores: J
Estimated sales (unadj.), total t
mil. $__ 313, 809 339, 710
Durable goods stores 9
do
100, 173 110, 245
65, 261
Automotive group
_
_
do ._ 58, 273
60, 660
Passenger car, other auto, dealers
do
53, 966
4,601
Tire, battery, accessory dealers
do
4,307
16, 540
Furniture and appliance group 9
do
15, 267
10,
227
Furniture, homefurnishings stores., .do ..
5,235
Household appliance, TV, radio
do
Lumber, building, hardware group
do
~I2~675~
10, 984
Lumber, bldg. materials dealersd"
do
9,781
Hardware stores
do
2 894
Nondurable goods stores 9
do
213, 636 229, 465
19, 265
Apparel group
._
do
18, 123
4,516
Men's and boys' wear stores
do ._
7,429
Women's apparel, accessory stores
do
3,196
Shoe stores
_ ...
_ _ _ _ do
Drug and proprietary stores
do
Eating and drinking places
do __
Food group
do
Grocery stores.
__
do
Gasoline service stations
do
General merchandise group with nonstores 9
mil. $
General merchandise group without nonstores 9 §
mil. $
Department stores .
do
Mail order houses (dept. store mdse)_do
Variety stores
do
Liquor stores
do
Estimated sales (seas, adj.), total J
do
10, 721
23, 473
69, 113
22, 739
49, 820
11, 458
25, 285
73, 267
68, 311
24, 526
301.0
18.1
88.6
57.4
32.9
28.4
75.6
Durable goods stores 9
Automotive group
Passenger car other auto dealers
Tire battery accessory dealers
do
do
do
do
3,800
2,538
233
474
583
28, 674
9,313
5,523
5,138
385
Furniture and appliance group 9
Furniture, homefurnishings stores
Household appliance TV radio
Lumber building hardware group
Lumber, bldg. materials dealers cf
Hardware stores
Nondurable goods stores 9
Apparel group
Men's and boys' wear stores
Women's apparel, accessory stores
Shoe stores
do
do
do
do
do
do
do
do
do
do
do
1,406
858
439
1,184
904
280
19, 361
1,655
373
650
276
29, 589
6,409
' Revised.
i Advance estimate.
JSeries revised to reflect a new sample of retailers.
The most important difference between this and the old sample is accounted for by the
general merchandise group which now includes all non-stores, i.e., mail order houses, merchandising machine operators, and direct selling establishments. Formerly, many non-store
establishments were classified outside of the general merchandise group, particularly in the
food and eating and drinking place groups. Revisions for total retail sales, durable and non-
4,997
3,402
417
578
647
28, 806
9,314
5,521
5,124
397
381 0
27.5
104.3
70.9
38.0
38 5
101 7
436.4
35.6
131.9
87.2
41.8
47.2
92.7
23, 399
14,115
9,284
1,002
2,273
6,704
6,284
2,185
'951
' 2, 307
' 6, 147
' 5, 733
' 2, 184
'960
'2,345
' 6, 426
' 5, 999
' 2, 242
i 1, 001
12,450
i 6, 597
i 6, 173
12,258
4,771
' 4, 593 ' 4, 491
i 4, 828
4,307 r 4, 145 ' 4, 031 14,371
2,966 r 2, 862 r 2, 751 i 2, 957
241
'244
258
533
510
'514
627
627
'596
29,386 29,371 '29,157 i 29,327
9,481
9,545 ' 9, 187 i 9, 233
5,516 r 5, 634
5,455
5,102 r 5, 220
5,047
414
414
408
1,404
1,436
1,433
' 1, 459
1,409
1,434
1,402
1,357
1,372
1,360
902
903
867
'895
922
920
852
876
853
846
436
455
456
478
400
431
446
428
429
439
1,224 ' 1, 234 1,184
1,261
1,330
1,261
1,219
1,204
1,204
1,191
974
943
'951
892
992
1,049
958
911
937
933
281
292
287
'283
269
281
261
267
280
271
19, 355 19, 492 19, 109 19, 543 19,692 19, 539 19, 867 19,905 19, 826 '19,970 i 20,094
1,746
1,665 r 1, 660
1,708
1,613
1,702
1,640
1,652
1,571
1,640
414
382
399
'375
393
416
406
387
371
375
'640
633
658
615
649
622
645
642
589
639
266
'296
315
266
245
249
261
272
263
277
durable totals, and selected lines of trade for 1961-67, unadj., appear on p. 22 ff. of the Nov. 1968
SURVEY; those for seas. adj. data appear on p. 52 of the May 1969 SURVEY.
Further details
appear in the Census Bureau Monthly Retail Trade Report, Aug. 1968.
9 Includes data
for items not shown separately.
d" Comprises lumber yards, building materials dealers, and paint, plumbing, and electrical
stores.
§ Except department stores mail order.
SURVEY OF CURRENT BUSINESS
S-12
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1968
September 1969
1969
1968
Annual
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
'975
' 2, 191
' 6, 278
5, 868
' 2, 086
993
2,118
6,283
5,870
2,097
r
4,998
Aug.
DOMESTIC TRADE—Continued
RETAIL TRADEJ— Continued
All retail stores J— Continued
Estimated sales (seas, adj.)— Continued
Nondurable goods stores— Continued
Drug and proprietary stores
.mil. $
Eating and drinking places
do
Food group
do
Grocery stores
do
Gasoline service stations
do
General merchandise group with nonstores 9
mil $
General merchandise group without nonstores 9 §
mil $
Department stores
do
Mail order houses (dept. store mdse.)do
Variety stores
do
Liquor stores
do
Estimated inventories, end of year or month :1
Book value (unadjusted), total
mil. $
Durable goods stores 9
do
Automotive group
do
Furniture and appliance group
do
Lumber, building, hardware group do
Nondurable goods stores 9
do
Apparel group __
_ do
Food group
..do
General merchandise group with nonstores
mil. $
Department stores
do
Book value (seas, adj.), total .
do
Durable goods stores 9
do_ _.
Automotive group
do
Furniture and appliance group .. _ _ d o
Lumber, building, hardware group_.-do
Nondurable goods stores 9
do
Apparel group _
do
Food group
_do_
General merchandise group with nonstores
mil. $
Department stores
do
Firms with 11 or more stores:t
Estimated sales (unadj.), total 9
do
Apparel group 9
- do
Men's and boys' wear stores
__do
Women's apparel, accessory stores
do
Shoe stores
. _ _ _ _ do.
Drug and proprietary stores
do
Eating and drinking places
do
Furniture and appliance group..
do. .
General merchandise group with nonstores 9
mil. $
General merchandise group without nonstores §
mil $
Dept. stores, excl. mail order sales
do
Variety stores
_
do
Grocery stores
do
Tire, battery, accessory dealers
do
Estimated sales (seas, adj.), total 9 _
do
Apparel group 9
- do
Men's and boys' wear stores
do
Women's apparel, accessory stores
do
Shoe stores
do
Drug and proprietary stores
do
Eating and drinking places
do
General merchandise
group with nonstores 9
mil. $
General merchandise group without nonstores §
mil $
Dept. stores, excl. mail order sales
do
Variety stores
do
Grocery stores
do
Tire, battery, accessory dealers
do
All retail stores, accounts receivable, end of yr. or mo.: J
Total (unadjusted) t
mil $
Durable goods stores
do
Nondurable goods stores
do
Charge accounts
do
Installment accounts
do.
Total (seasonally adjusted)!
do
Durable goods stores
do
Nondurable goods stores
do
Charge accounts
do
Installment accounts.
do
996
2,186
6,312
5,906
2,119
967
2 068
6 148
5,727
2 052
973
v 139
6 188
5,774
2 063
971
2 149
6 155
5, 735
2 049
2
6
5
2
967
146
149
731
050
944
2 128
6 235
5,817
2 064
969
2,062
6,139
5,744
2,052
979
2,094
6,315
5,909
2,097
959
2,123
6,346
5,955
2,091
960
2,107
6,284
5,883
2,132
963
2,133
6,244
5,839
2,106
4,730
4,626
4,520
4,640
4,729
4,577
4,601
4,694
4,637
4,920
4,844
4,468
3,080
294
558
619
4,397 ' 4, 398
4,523
3,011 ' 2, 991 3,116
285
r 294
283
r
546
564
552
615
637
' 627
4,290
2,896
275
526
596
4,191
2,828
277
520
591
4,061
2,743
271
492
593
4, 154
2,810
282
520
602
4,259
2,925
293
'522
601
4,168
2,877
275
505
565
4,176
2,861
273
535
634
4,273
2,924
298
534
603
4,211
2,895
296
517
601 -
r
4, 857
38 045
16 832
7 284
2 825
2 575
21 213
4 178
4,290
41, 346
18, 846
8,758
3,029
2,797
22,500
4,536
4,511
40,916
18, 895
8,794
3,035
2,801
22, 021
4,431
4,291
39,979
17, 536
7,348
3,032
2,764
22,443
4,670
4,311
40, 543
17, 244
7,130
3,059
2,788
23, 299
4,953
4,382
42,683
18, 246
7,898
3,140
2,806
24, 437
5,116
4,552
43, 815
18, 866
8,437
3,158
2,790
24, 949
5,145
4,651
41, 346
18,846
8,758
3,029
2,797
22,500
4,536
4,511
41, 544
19, 581
9,387
3,014
2,841
21, 963
4,402
4,536
42, 597
19, 884
9,575
3,010
2,926
22, 713
4,695
4,503
43, 744
20, 326
9,774
3,105
3,005
23, 418
4,899
4,578
44, 237
20, 548
9,938
3,127
3,046
23,689
4,925
4,575
43, 948
20, 132
9,643
3,075
3,012
23, 816
4,902
4,627
43, 753
20, 149
9,735
3,036
2,980
23,604
4,826
4,627
43, 688
19, 802
9,425
3,075
2,902
23, 886
4,873
4,624
8 304
4 717
39 318
17,403
7 425
2 927
2,666
21,915
4 384
4,273
9,237
5,286
42, 657
19, 461
8,919
3,139
2,898
23, 196
4,760
4,493
9,189
5,148
41, 065
18, 475
8,407
3,038
2,807
22, 590
4,630
4,356
9,305
5,189
41, 010
18, 501
8,417
3,035
2,781
22, 509
4,574
4,381
9,733
5,375
41, 424
18, 622
8, 590
3,008
2,799
22, 802
4,668
4,408
10, 505
5,884
42, 220
19, 165
8,945
3,046
2,820
23, 055
4,720
4,450
10, 810 9,237
6,116
5,286
42,488 42, 657
19, 361 19, 461
9,121 8,919
3,019
3,139
2,798
2,898
23,127 23, 196
4,694
4,760
4,555
4,493
8,925
5,105
42, 740
19, 622
9,105
3,136
2,908
23, 118
4,811
4,554
9,403
5,384
43, 014
19, 487
8,974
3,113
2,974
23, 527
4,880
4,548
9,783
5,615
43,004
19,542
9,008
3,146
2,955
23, 462
4,909
4,569
10, 013
5,752
43, 118
19, 567
9,084
3,102
2,966
23, 551
4,910
4,552
10, 141
5,782
43, 025
19, 044
8,711
3,042
2,924
23, 981
4,972
4,641
9,982
5,686
43, 438
19, 365
9,047
3,015
2,927
24, 073
5,038
4,646
10, 194
5,824
43, 874
19, 358
9,011
3,078
2,908
24, 516
5, 092
4,694
8 900
5 018
9,806
5,576
9,448
5,329
9,351
5,231
9,360
5,153
9,525
5,254
9,624
5,337
9,806
5,576
9,653
5,598
9,924
5,746
9,859
5,683
9,975
5,735
10, 275
5, 876
10, 274
5,904
10, 488
6,029
94, 580
5,186
767
1,837
1,335
3,373
2,122
1,303
7,532
368
53
132
93
275
180
111
8,279
440
54
159
118
283
186
130
7,454
426
54
153
119
266
192
120
8,068
454
71
163
111
272
189
112
9,015
492
85
176
116
275
184
117
11, 179
721
119
266
151
433
175
135
7,282
351
59
123
85
273
177
86
6,776
307
46
113
76
253
167
87
7,918
441
57
158
117
279
194
89
8,126
479
63
167
120
283
212
114
8,755
468
66
169
127
315
212
128
38, 395
2,959
3,300
2,979
3,303
3,920
5,692
2,522
2,397
3,028
3,243
3,401
' 3, 282 3,230
35, 708
26, 184
4,821
34, 681
1,736
2,745
2,023
364
2,837
156
8,030
454
68
159
115
288
172
3,080
2,263
407
3,122
159
8,003
446
64
161
118
290
178
2,750
2,038
347
2,694
130
7,931
443
63
160
114
289
189
3,055
2,234
391
2,890
153
8,031
444
67
158
117
287
188
3,661
2,676
468
3,181
161
8,143
442
69
158
115
275
190
5,400
3,972
792
3,088
177
8,080
419
63
153
103
281
177
2,338
1,732
294
3,110
124
8,295
454
68
168
104
301
188
2,213
1,607
307
2,861
113
8,413
457
67
167
108
291
187
2,823
2,074
373
3,080
135
8,340
443
65
159
106
291
194
3,017
2,211
416
2,909
163
8,588
502
70
177
114
298
214
3,163
2,346
428
3,303
171
8,482
462
67
163
122
320
205
' 3, 052
' 2, 275
'410
r
2T 903
180
' 8, 551
'487
' 68
T
171
3,297
3,248
3,130
3,261
3,332
3,364
3,302
3,393
3,330
3 556
3,452
' 3 407 3 578
3,080
2,276
409
2,919
147
3,033
2,234
404
2,915
153
2,892
2,121
380
2,928
142
3,027
2,218
404
2,943
153
3,088
2,262
416
2,992
153
3,126
2,320
405
2,975
137
3,092
2,264
430
3,061
156
3,177
2,339
430
3,127
154
3,109
2,297
412
3,095
152
3 325
2,440
449
3,021
160
3,220
2,367
439
3,039
154
' 3 168 3 345
' 2, 326
2,468
' 439
455
' 3, 088 3,077
161
' 164
18, 483
6,846
11,637
7,941
10, 542
18, 672
6,690
11,982
7,939
10, 733
18,641
6,892
11, 749
8,071
10, 570
18, 841
6,777
12,064
8,123
10, 718
19, 022
7,117
11, 905
8,368
10, 6M
19, 198
7,004
12, 194
8,334
10,864
19,285
7,020
12,265
8,296
10,989
19,186
6,958
12,228
8,150
11,036
20, 630
7,140
13, 490
8,677
11, 953
19, 378
6,941
12, 437
8,317
11,061
19, 746
6,790
12, 956
8,173
11, 573
19, 381
6,907
12, 474
8,274
11, 107
19, 353
6,730
12, 623
7,950
11, 403
19, 741
7,068
12, 673
8,389
11, 352
19, 230
6,732
12, 498
8,058
11,172
19, 665
7,040
12, 625
8,388
11,277
19 427 19, 734
6,865 ' 6, 964
12, 562 r12, 770
8 459
8 257
11,170 11,275
19, 746 19, 771
7,096 * 7, 001
12 650 T12 770
8,368
8, 280
11,378 11,491
20 630
7,140
13, 490
8 677
11, 953
19, 378
6,941
12 437
8,317
11, 061
r
8, 198
'462
'68
' 159
' 136
'293
' 218
' 129
r 138
' 299
'206
8,251
418
56
150
117
302
221
138
2,998
2,209
406
3 055
171
8,691
513
71
181
145
317
212
19 806
7, 189
12, 617
8 423
11, 383
19, 695
7,003
12 692
8, 186
11, 509
19 670
7, 194
12, 476
8 291
11, 379
19, 928
7,111
12, 817
8,255
11,673
LABOR FORCE, EMPLOYMENT, AND EARNINGS
POPULATION OF THE UNITED STATES
Total, incl. armed forces overseas
mil
LABOR FORCE
Labor force, total, 16 years of age and over
thous. _
Civilian labor force
do
Employed, total... _
do
Nonagricultural employment. ... __ __do
Agricultural employment
do
Unemployed (all civilian workers)
do
1 199. 11
i 201. 15
201. 15
201. 35
201. 55
201. 74
201. 93
202. 10
202. 25
202. 40
202. 55
202. 71
202. 88
203. 05
203. 22
?03.
80, 793
77 347
74, 372
70, 528
3,844
2,975
82, 272
78, 737
75, 920
72, 103
3,817
2,817
84, 550
80, 964
77, 746
73, 270
4,476
3,217
83, 792
80, 203
77, 432
73, 325
4,107
2,772
82, 137
78,546
75, 939
72, 103
3,836
2,606
82, 477
78 874
76,364
72, 596
3,767
2,511
82, 702
79, 185
76, 609
73, 001
3,607
2,577
82, 618
79, 118
76, 700
73, 421
3,279
2,419
81, 711
78, 234
75,358
72, 192
3,165
2,876
82, 579
79, 104
76, 181
72, 896
3,285
2,923
82, 770
79, 266
76, 520
73, 193
3,327
2,746
83, 137
79 621
77 079
73, 471
3,607
2.542
83, 085
79, 563
77,264
73, 370
3,894
2,299
85, 880
82 356
78 956
74, 589
4,367
3.400
86, 318
82, 797
79, 616
75, 460
4,155
3,182
86,0
8? fi
70, fi
75 6
3,9
2,8
' Revised.
1 As of July 1.
t See corresponding note on p. S-ll (beginning Aug. 1968,
accounts receivable data reflect introduction of the new sample; no comparable data are
available
for
earlier
periods).
9
Includes
data not shown separately.
§ Except depart
ment stores mail order. fl Series revised to reflect benchmarking to the levels of the 1966
and 1967 Annual Retail Trade Reports and to conform to the definitions of the new retail
sales sample; revised data back to 1961 appear on p. 22 ft. of the Nov. 1968 SURVEY.
SURVEY OF CUKRp]NT BUSINESS
September 1969
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
(
1968
1968
July
Annual
S-13
Aug.
Sept.
1969
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug. J
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
LABOR FORCE— Continued
Seasonally Adjusted
Civilian labor forcet
Employed total
Nonagricultural employment
Agricultural employment
-- thous..
do
do
do
78, 917
76, 020
72, 195
3,825
78, 749
75, 973
72, 222
3,751
78, 847
76,000
72, 349
3,651
78,800
76,002
72, 477
3,525
79, 042
76,388
72,682
3,706
79,368
76, 765
72, 923
3,842
79,874
77,229
73, 477
3, 752
80,356
77, 729
73,848
3,881
80,495
77, 767
74, 035
3,732
80, 450
77,605
73,941
3,664
80, 071
77, 265
73,460
3,805
80, 433
77, 671
73, 966
3,705
80, 756
77, 874
74,323
3,551
81, 054
78, 187
74,553
3,634
449
412
2,897
470
2,776
400
2,847
373
2,798
381
2,654
348
2,603
322
2,645
316
2,627
346
2,728
355
2,845
393
2,806
409
2,762
383
2,882
419
2,867
382
3.8
2.3
4.2
12.9
3.6
2.2
3.8
12.7
3.7
2.2
3.8
13.3
3.5
2.1
3.7
12.3
3.6
2.2
3.9
12.5
3.6
2.2
3.7
12.3
3.4
2.0
3.5
12.2
3.3
1.8
3.5
12.7
3.3
2.0
3.5
11.7
3.3
1.9
3.5
11.7
3.4
1.9
3.5
12.7
3.5
2.0
3.8
12.8
3.5
2.0
3.7
12.5
3.4
2.0
3.7
11.6
3.6
2.2
3.7
12.2
3.5
2.1
3.8
12.5
_.
1.8
7.4
3.4
1.6
6.7
3.2
1.6
6.8
3.3
1.6
6.4
3.2
1.6
6.6
3.2
1.6
7.3
3.1
1.6
6.5
3.0
1.4
6.0
3.0
1.4
6.0
3.0
1.4
5.7
2.9
1.4
6.0
3.1
1.5
6.9
3.1
1.5
6.5
3.1
1.5
7.0
3.0
1.6
6.4
3.2
1.5
6.5
3.2
...
2.2
4.4
2.0
4.1
2.1
4.3
2.0
4.2
2.0
4.1
2.0
4.0
2.0
3.9
1.9
3.6
1.9
3.8
1.9
3.6
2.0
3.7
1.8
4.1
1.9
3.8
2.1
3.7
2.2
3.8
2.2
3.8
_ .
3.9
7.3
3.7
3.4
3.6
6.9
3.3
3.0
3.8
7.0
3.2
2.8
3.6
6.9
3.3
3.0
3.6
5.7
3.3
3.1
3. 6
6.0
3.4
3.2
3.4
6.5
3.2
3.1
3.3
5.4
2.8
2.6
3.4
5.5
3.2
2.7
3.3
5.5
2.9
2.4
3.4
6.2
3.1
2.7
3.6
6.2
3.2
3.0
3.5
5.5
3.1
2.9
3.5
5.0
3.3
3.3
3.6
5.7
3.2
3.2
3.6
7.4
2.9
2.3
EMPLOYMENT
Employees on payrolls of nonagricultural estab.:t1
Total, not adjusted for seasonal variation, -thous . . 65, 857
67, 860
68,036
68,205
68,610
68,960
69, 248
69, 805
68,196
68, 403
68,894
69, 462
69,929 '70,980 '70,367
70,542
70,013
622
3,407
20,118
11,874
Unemployed (all civilian workers)
do
Long-term, 15 weeks and over
do
Rates (unemployed in each group as percent
of total in that group) :J
All civilian workers
Men, 20 years and over
Women, 20 years and over
Both sexes 16-19 years
Married men*
Negro and other races *
White workers*
Occupation* White-collar workers*
Blue-collar workers*
Industry (nonagricultural):
Private wage and salary workers* _
Construction* . _
Manufacturing*...
Durable goods*
Seasonally Adjusted
thous
do..
do
.do
do
65, 857
613
3,208
19, 447
11, 439
67, 860
610
3,267
19,768
11, 624
67,945
619
3,268
19,804
11, 666
68,088
620
3,272
19,800
11,634
68, 195
622
3,286
19, 820
11,646
68,427
573
3,305
19, 840
11,649
68,664
622
3,313
19, 897
11, 700
68,875
623
3,330
19,958
11, 744
69, 199
626
3,338
19, 999
11,819
69, 487
628
3,366
20,061
11,839
69, 710
626
3,374
20, 122
11,881
69, 789
624
3,363
20, 111
11, 868
do .
do
. do
do. _.
do
do
do. .
317
597
455
628
1,322
1,363
1,970
342
598
474
637
1,314
1,394
1,961
346
598
474
641
1,324
1,392
1,949
350
599
476
644
1,308
1,393
1,955
346
599
478
645
1,302
1,401
1,960
333
600
480
649
1,294
1,411
1,966
347
600
484
652
1,300
1,420
1,974
351
603
485
658
1,313
1,426
1,971
349
606
490
664
1,321
1,437
1,981
346
607
494
666
1,330
1,444
1,997
346
608
494
664
1,332
1,451
1,993
343
604
496
658
1,326
1,450
1,999
342
337
'332
330
610
607
'603
605
496
'496
'489
487
662
656
'655
659
1,368
1,333 '1,347 ' 1, 355
'1, 456 ' 1, 456
1,453
1,463
1,999 ' 2, 010 ' 2, 012 2,015
Electrical equip, and supplies
do.
Transportation equipment
do
Instruments and related products
do
Miscellaneous manufacturing ind
do..
Nondurable goods
do
Food and kindred products
do
Tobacco manufactures
do.
Textile mill products
do
Apparel and other textile products. .. do
Paper and allied products
do
Printing and publishing _ _
do.
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products, nec.-.do
Leather and leather products...
do. ..
Transportation, communication, electric, gas,
and sanitary services
thous
Wholesale and retail trade
do
Wholesale trade. .
.
do
Retail trade.
.do
1,959
1,949
451
428
8,008
1,786
87
959
1,398
679
1,048
1,001
183
516
351
1,982
2,028
460
435
8,144
1,781
84
991
1,408
693
1,063
1,026
187
557
356
1,982
2,068
455
437
8,138
1,777
85
993
1,412
690
1, 063
1,025
187
558
348
1,983
2,027
462
437
8,166
1,781
87
995
1,406
695
1,066
1,028
187
564
357
1,984
2,035
462
434
8,174
1,782
84
994
1,414
696
1,065
1,031
186
565
357
1,982
2,034
463
437
8,191
1,782
83
994
1,416
700
1,070
1,034
187
568
357
1,988
2,031
465
439
8,197
1,781
82
997
1,412
704
1,072
1,038
188
567
356
1,996
2,031
465
445
8,214
1,789
81
998
1,412
706
1,074
1,040
189
571
354
2,013
2,045
466
447
8,180
1,792
84
1,000
1,424
709
1,076
1,040
128
573
354
2,026
2,020
468
441
8,222
1,801
82
999
1,409
713
1,077
1,044
170
577
350
2,036
2,042
470
445
8,241
1,793
83
995
1,417
714
1,078
1,045
187
579
350
2,046
2,029
472
445
8,243
1,795
81
991
1,425
710
1,078
1,044
190
579
350
2,058
2,009
474
444
8,244
1,793
82
987
1,426
714
1,075
1,046
190
581
350
4,261
13, 606
3,525
10, 081
4,313
14, 081
3,618
10,464
4, 315
14, 093
3,624
10, 469
4,327
14,154
3,633
10, 521
4,333
14, 198
3,646
10, 552
4,341
14, 265
3,660
10, 605
4,352
14, 291
3,669
10, 622
4,360
14, 271
3,678
10, 593
4,353
14, 412
3,701
10, 711
4,373
14, 468
3,714
10,754
4,399
14, 508
3,726
10, 782
3,225
10, 099
11,398
2,719
8,679
3,383
10, 592
11, 846
2,737
9,109
3,376
10,582
11,888
2,779
9,109
3,399
10, 625
11, 891
2,743
9,148
3,414
10, 635
11, 887
2,721
9,166
3,433
10, 721
11, 949
2,708
9,241
3,453
10, 787
11, 949
2,709
9, 240
3,463
3,490
10,838 10,900
12, 032 12, 081
2,724 « 2, 760
9,308 ° 9, 321
3,502
10, 967
12, 122
2,767
9,355
14, 308
14, 505
14, 434
14,581
14,758
14, 731
14, 741
14, 701
14, 584
Total
Mining.
C on tract construction
Manufacturing .
Durable goods
O rdnance and accessories
Lumber and wood products
Furniture and
fixtures
Stone, clay, and glass products.
Primary metal industries
Fabricated metal products
Machinery , except electrical
Finance, insurance, and real estate . . do
Services
do
Government
. do
Federal
do
State and local
do
Production workers on manufacturing payrolls:
Total, not seasonally adjusted tH
thous..
Seasonally Adjusted
14, 308
Totalt
thous
14, 505 14,541 14, 519 14, 533
Durable goods
do
8,364
8,493 8,450
8,456
8,465
174
Ordnance and accessories
do
196
197
192
195
Lumber and wood products
do
519
520
519
519
519
Furniture and
fixtures
do
375
394
392
391
395
Stone, clay, and glass products
do
500
516
510
518
519
Primary metal industries.
do
,060
,052
1,046
1,037
1,034
Fabricated metal products
do.
,054
,072
1,073
1,075
1,079
Machinery, except electrical
do
,369
1,341
,327
1,333
1,336
Electrical equipment and supplies
do. .
,322
1,324
,323
1,324
1,323
Transportation equipment... .
do
,371
,475
1, 428
1,433
1, 439
Instruments and related products
do
282
284
279
284
285
Miscellaneous manufacturing ind
do
338
341
343
342
341
Nondurable goods
do
5,944
6,049
6,048
6,069
6,068
Food and kindred products
. do
1,187
1,191
1,189
1,192
1,193
Tobacco manufactures
do
74
72
71
74
72
Tex tile mill products
do
850
882
878
881
881
Apparel and other textile products
do. .
1,237
1,242
1,245
1,241
1,247
' Revised.
r> Preliminary.
* New series. Monthly data for earlier years ar e availal)le.
t Effective with the Mar. 1969 SURVEY, labor force5 data refl ect new s easonal f actors; cc
parable data for earlier months appear in the Feb. a id Mar. 1 369 issues of Empl<Dyment a nd
Earnings (USDL, Bureau of Labor Statistics).
fEffective with the Sept. 1967 SURVEY, additional series (un employm ent rates , seasona
adjusted production workers, hours, man-hours and man-hou r indexes, private sector da iiy
ta,
and spendable earnings) are shown; these are not in the 1967 eiition of 1 BUSINESS STATISTI cs.
14, 509
'70,300
622
' 3, 466
'20,198
'11,931
' 70, 269 70, 436
'628
628
' 3, 414
3,371
'20,186 20,306
'11,924 12, 052
' 2, 067
' 2, 041
'468
'446
' 8, 262
' 1, 796
'81
'988
'1,421
'716
' 1, 083
' 1; 052
191
'586
348
2,077
2,136
469
443
8,254
1,795
84
983
1,411
720
1,086
1,054
190
582
349
4,439
14, 533
3,737
10, 796
4,444 ' 4, 467 ' 4, 489
14,609 '14,665 ' 14, 679
3,758 ' 3, 774 ' 3, 773
10, 851 10,891 '10,906
4,482
14, 710
3,786
10, 924
3,515
11, 034
12, 132
2,759
9,373
3,531
11,044
12, 144
2,758
9,386
3,541 3,557 ' 3, 569
11,065 ' 11, 066 '11,055
12,207 '12,259 '12,249
2,754
2,790 ' 2, 777
9,453 ' 9, 469 ' 9, 472
3,584
11,110
12, 245
2,753
9, 492
14, 644
14,604
14, 624 '14,923 '14,698
14, 966
' 2, 063
2,035
473
'445
' 8, 267
' 1, 789
81
990
1,429
717
' 1, 083
' 1, 055
'191
'584
348
14,545 14, 594 14, 635 14,684 14, 731 14, 771 14, 739 14, 740 '14,811 '14,805 14, 915
8,654
8,462
8,505
8,634
8,536
8,630 '8,687 ' 8, 687 8,811
8,628
8,606
186
'187
'188
195
197
193
192
183
195
195
196
523
'523
520
528
524
525
519
528
530
527
528
403
'406
410
'411
400
412
413
397
402
410
407
526
'524
532
524
535
529
526
522
530
537
534
1,095
1,062 ' 1, 076 ' 1, 083
1,027
1,031
1,044
,063
1,057
1,058
1,051
1,127
1,121 ' 1, 122 ' 1, 123
,121
1,100
1,089
1,095
1,118
1,115
1,109
1,341
1,354
1,370
1,366 ' 1, 377 ' 1, 375 1,382
1,346
1,370
,363
1,359
1,381 ' 1, 379 ' 1, 384 1,388
1,321
,364
1,324
1,330
1,369
1,355
1,344
1,545
1,420
1,399 ' 1, 434 ' 1, 444
1,434
1,430
,432
1,426
1,427
1,439
'289
290
'292
294
292
292
286
287
287
289
288
346
'349
'348
347
343
349
348
345
346
351
351
6,104
6,110 ' 6, 124 ' 6, 118
6,117
6,105
6,083
6,089
6,099
6,103
6,078
1,206 ' 1, 201 ' 1, 206 1,206
1,205
1, 194
1, 194
1,202
1,208
1,215
1,205
71
'68
69
69
70
70
69
68
69
69
71
866
'873
'873
871
880
875
880
883
883
883
885
1,255 ' 1, 247 1,241
1,255
1,252
1,246
1,249
1,245
1,243
1,254
1,238
IfBe ginning i n the Jul y 1969 Su RVEY, pslyroll em ploymen t and ear nings da ta reflect adjustment to more recent b enchmar ks and iipdated seasonal factors; compara ble earli er data,
except man-hoiirs and rnan-hour indexes, will apj>ear in B LS Bulle tin 1312- 7, EMPLCDYMENT
AND E ARNINGS , UNITELa STATES 1909-69, to be av ailable sc on from the Gov t. Printi ng Off.,
Beginn ng Jan. 1969, fe deral erriploymerit in clue .es abou t 39,000
Wash, D.C. 2 0402.
civilia a technic ians of tl le Natioilal Guar d who w ire trans erred from State to federa status.
SUEVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1968
Annual
September 1969
1968
July
Aug.
Sept.
1969
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June i July
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
1
EMPLOYMENT— Continued
Seasonally Adjusted
Production workers on manufacturing payrollsContinued
Nondurable goods industries— Continued
Paper and allied products
thous
P rinting and publishing _ .
_ do . .
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products, nee
..do
Leather and leather products
do
526
662
592
115
397
304
537
665
608
118
431
307
537
666
607
118
433
300
540
667
611
118
437
307
540
664
611
117
437
306
543
668
613
119
440
307
546
670
616
119
439
307
549
671
617
119
441
305
550
673
617
73
444
306
555
672
620
101
448
302
555
673
620
116
449
301
549
672
617
118
449
300
554
669
617
118
451
300
'556
'674
623
'119
455
299
'555
'674
'620
'119
'457
'299
42.6
37.7
40.6
42.7
37.4
40.7
3.4
41 2
3.5
41.7
40.2
40.4
41.6
41.1
41.5
42.6
40.2
41.4
41.3
39.4
3.6
41.4
3.8
41.5
40.6
40.6
41.8
41.6
41.7
42.1
40.3
42. 2
40.5
39.3
43.1
37.3
40.7
40.9
3.6
41.5
3.8
41.4
40.7
40.7
41.9
41.8
41.8
42.1
40.4
42.6
40.6
39.4
42.8
37.5
40.7
40.7
3.6
41.3
3.6
41.7
40.8
40.7
41.9
40.3
41.7
42.0
40.5
42. 2
40.6
39.3
42.9
37.5
41.2
41.0
3.7
41.6
3.9
41.7
41.0
40.8
42.1
41.4
41.9
42.3
40.7
42.3
40.6
39.6
41.2
37.5
41.1
40.9
3.7
41.6
3.9
42.0
40.7
40.8
42.1
41.4
42.1
42.3
40.4
42.5
40.6
39.4
43.2
36.2
40.9
40.8
3.8
41.6
4.0
41.4
40.6
40.5
41.8
41.4
42.1
42.3
40.3
42.3
40.7
39.2
43.3
37.6
41.1
40.8
3.7
41.3
3.9
41.3
41.1
40.5
42.0
41.6
41.7
42 2
40!2
41.8
40.5
39.0
43.3
38.2
40.4
40.6
3.8
41.3
3.8
40.0
40.0
40.6
41.8
41.7
41.8
42.5
40.4
41.4
40.7
39.2
43.3
38.0
40.0
40.1
3.5
40.9
3.8
40.3
40.8
40.1
42.2
41.6
41.2
42.3
39.7
41.6
39.7
37.6
42.8
37.9
40.7
40.9
3.7
41.5
3.9
40.8
40.9
40.7
42.3
41.9
41.9
42.7
40.7
41.6
40.7
39.0
43.8
38.0
40.5
40.8
3.7
41.4
3.8
40.9
40.2
40.9
42.0
41.8
41.8
42.6
40.9
41.5
40.8
39.5
43.4
38.1
40.7
40.7
3.6
41.4
3.8
40.6
40.3
40.9
42.1
41.7
41.6
42.6
40.6
41.1
40.8
39.1
'42.0
'37.6
40.9
40.7
3. 6
'41.3
3.9
'40.9
40.2
'40.7
41.9
.' 41. 7
41.8
'42.5
40.6
41.6
40.9
39.2
'42.9
37.4
40.5
40.7
3.6
'41.2
'3.8
'40.3
'39.8
'40.1
41.8
41.5
'41.5
'42.2
'40.3
'42.4
'40.8
'39.2
39.7
3.1
40.9
38.6
40.9
36.0
39.8
3.3
40.8
37.8
41.2
36.1
39.9
3.4
40.8
38.1
41.5
36.2
39.9
3.4
41.0
38.7
41.2
36.1
40.0
3.4
40.8
38.2
41.4
36.4
39.9
3.3
40.8
37.7
41.2
36.3
39.7
3.4
40.6
37.5
41.1
36.0
39.9
3.4
40.9
37.1
41.2
36.1
39.8
3.6
40.6
37.2
40.6
36.2
39.1
3.2
40.7
36.6
39.9
35.2
39.9
3.4
40.9
36.5
40.9
36.0
39.8
3.4
40.9
36.4
41.1
36.0
39.8
3.4
40.8
38.1
41.0
36.1
39.8
3.4
'40.7
' 39. 5
41.2
36.2
39.7
'3.4
'40.6
'38.1
'41.3
'36.1
42.8
38.4
41.6
42.7
41.4
38.1
42.9
38.3
41.8
42.5
41.5
38.3
43.1
38.3
41.8
42.7
41.7
38.1
43.0
38.5
41.8
42.2
41.5
38.0
43.2
38.5
41.9
42.5
41.6
38.1
43.1
38.6
41.9
42.6
41.6
38.6
43.0
38.4
41.9
42.6
41.4
37.9
43.2
38.5
41.9
42.7
41.5
37.8
43.5
38.4
41.9
41.8
41.5
37.6
42.5
37.9
41.7
42.6
40.7
35.3
43.2
38.3
41.7
43.2
41.4
37.6
43.4
38.3
41.6
42.9
41.4
37.7
43.0
38.4
41.8
43.0
41.4
37.6
42.9
38.4
'41.8
'42.2
'41.3
'37.4
'43.0
'38.5
'41.8
'42.8
'41.1
37.1
do ..
do
do
.do
36.5
40.3
35.3
37.0
36.0
40.1
34.7
37.0
36.1
40.1
34.8
37.0
36.2
40.2
34.8
37. 1
36.1
40.2
34.7
37.1
35.9
40.1
34.5
37.1
35.8
40.0
34.5
36.9
35.7
40.0
34.3
37.0
35.8
40.1
34.4
37.2
35.7
40.1
34.2
37.1
35.7
40.1
34.3
37.1
35.6
40.2
34.1
37.1
35.7
40.1
34.3
37.0
35.7
'40.0
'34.2
37.2
35.7
'40.0
'34.2
'36.9
Seasonally Adjusted
Man-hours in nonfarm estab., all employees,
seasonally adjusted, annual ratefl
bil. man-hours ..
131.45
134. 62
135.24
135.57
135.75
135.89
135.83
136.19
137. 07
137. 08
138. 44
138.42
Man-hour indexes (aggregate weekly), industrial
and construction industries, totalfl
1957-59 = 100..
Mining
do
Contract construction
do
Manufacturing
do
Durable goods ....
do
O rdnance and accessories
..do
Lumber and wood products
do
Furniture and
fixtures
do
Stone, clay, and glass products
do
113.7
79.4
111.1
115. 9
121.6
204.5
93.1
121.8
106.3
115.4
78.6
112.0
117.9
123.4
223.8
93.9
128.0
109.2
116.0
80.8
111.6
118.6
124.4
228.3
94.2
128.1
110.6
115.5
80.4
112.2
117. 9
123.0
231.1
94.6
129.0
111.0
116.2
80.7
112.9
118.7
124.1
228.8
95.0
129.6
111.8
116.0
70.3
113.8
118.7
124.1
216.3
94.2
130.2
112.4
115.9
81.3
110.0
118.7
124.4
227.2
94.2
130.4
112.0
116.9
81.7
115.3
119.0
124.5
226.6
96.0
130.8
113. 9
117.4
82.0
117.7
119.1
125.3
220.6
94.2
132.9
114.2
116.8
82.5
118.0
118.4
124.9
221.1
95.9
132.3
115.9
118.3
81.1
117.7
120.3
126.8
226.2
96.3
134.2
115.7
118.1
82.8
117.4
120.0
126.3
222.1
94.2
135.9
113.6
118.1
81.7
119.3
119.7
125.8
219.3
95.3
135.6
113.3
' 118. 6
'78.9
119.5
' 120. 4
' 126. 9
' 216. 3
94.7
' 134. 6
114.0
' 118. 1
'81.6
'116.9
' 120. 2
' 126. 6
' 212. 0
'92.9
' 131. 0
' 112. 0
Primary metal industries
. . .do
Fabricated metal products
do
Machinery, except electrical
do
Electrical equipment and supplies
do
Transportation equipment.
do
Instruments and related products
do
Miscellaneous manufacturing ind
do
110.3
123. 9
137.4
143.0
114.2
127.4
108. 9
110.2
126.9
133.0
143.5
121.7
126.0
109.7
111.4
126.9
131.8
143.8
126.4
124.0
110.4
105.9
126.7
132.1
144.2
121.3
126.5
109.8
108.5
128.1
133.4
144.8
122.5
126.6
110.3
107.7
129.9
133.8
143.5
122.6
127.1
110.4
108.1
130.6
135. 1
143.5
121.7
127.8
110.5
110.0
129.9
134.0
143.8
120.0
127.5
111.8
111.0
131.3
136.3
146.0
119.9
128.5
112.4
111.5
130.1
136.7
144.7
119.4
125.7
106.3
112.9
133.0
137.3
149.3
119.9
130.2
111.2
111.9
132.4
137.7
150.6
118.6
130.6
112.3
112.2
132.1
137.3
150.8
115.7
131.5
110.8
' 113. 7
' 132. 8
' 138. 1
' 150. 6
' 120. 0
' 130. 9
'111.4
' 113. 9
' 132. 0
' 136. 9
' 150. 0
' 123. 2
' 129. 2
'111.7
Nondurable goods. .. .
do
Food and kindred products
do
Tobacco manufactures
. ..do
Textile mill products
...do
Apparel and other textile products . do
108.6
96.2
86.8
102.7
116.8
110.7
96.2
82.2
106.7
117.5
111.0
96.1
83.6
108.0
118.2
111.3
96.8
87.3
107.3
117.5
111.5
96.4
83.8
107.7
119.0
111.7
96.5
80.5
107.1
118.9
111.3
96.0
80.0
107.2
117.5
111.8
97.3
78.0
107.5
117.7
111.0
96.9
80.5
106.1
119.0
109.8
97.9
77.0
104.1
114.3
111.8
97.8
76.8
106.3
117.6
111.7
97.6
75.5
106.2
118.2
112.1 '111.9
111.8
97.4 '96.8 '97.0
80.2 '83.1 '79.0
105.5 '106.2 ' 106. 5
119.1 ' 118. 1
118.8
Paper and allied products
do
Printing and publishing
do
Chemicals and allied products
. . do
Petroleum and coal products
do
Rubber and plastics products, nee
do
Leather and leather products
do
114.9
116.7
118.6
80.8
144.4
94.8
117.7
117.0
122.4
83.0
157.2
96.0
118.1
117.2
122.2
83.2
158.8
93.5
118.5
118.0
123.0
82.2
159.5
95.5
119.1
117.5
123.3
82.1
159.9
95.4
119.4
118.5
123.7
83.7
161.0
97.0
119.8
118.2
124.3
83.7
159.8
95.2
121.0
118.7
124.5
83.9
161.0
94.3
122.1
118.8
124.5
50.4
162.0
94.1
120.4
117.0
124.5
71.0
160.4
87.2
122.4
118.5
124.5
82.8
163.5
92.6
121.6
118.3
123.6
83.6
163.5
92.5
121.6
118.1
124.2
83.8
164.2
92.3
135. 89
154. 95
114. 90
143. 05
164. 56
122. 51
145. 62
168. 30
122. 10
144. 62
170. 72
121. 69
146. 45
173. 76
125. 25
138. 86
173. 57
125. 77
150. 15 149. 60
168. 09 166. 90
126. 05 124. 80
note, b ottom of
148.54
171.86
127. 39
154. 78
174. 46
127. 58
HOURS AND MAN-HOURS
Seasonally Adjusted
Average weekly gross hours per production worker
on payrolls of nonagricultural estab.: tl
Mining..
.hours
Contract construction
do
Manufacturing: Not seasonally adjusted
do
Seasonally adjusted . . . do
Overtime hours
do
Durable goods
do
Overtime hours
..do
Ordnance and accessories
do
Lumber and wood products
do
Furniture and
fixtures
. . _ do
Stone, clay, and glass products
do
Primary metal industries
do
Fabricated metal products .
. do
Machinery, except electrical
do
Electrical equipment and supplies
do
Transportation equipment
do
Instruments and related products
do
Miscellaneous manufacturing ind
do
Nondurable goods
Overtime hours
Food and kindred products
Tob ac co manufactures Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products, nee
Leather and leather products
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate
do
do ..
do
do
do
-do
do
..do ..
do
.do
..do
do
139. 15 '139.43 '139.47
' 121. 7 ' 121. 8
' 118. 9 ' 119. 3
' 125. 4 ' 124. 8
'82.9 '84.1
' 165. 3 ' 165. 2
'91.5 '90.8
WEEKLY AND HOURLY EARNINGS
Not Seasonally Adjusted
Average weekly gross earnings per production
worker on payrolls of nonagricultural estab. :tH
Mining
dollars
Contract construction.
do
Manufacturing establishments
do.
r
Revised.
v Preliminary.
tSee corresponding note, bottom of p. S-13.
148. 52 151. 12
159. 35 168. 81
125. 97 127. 82
\See corre spondin g
p. S-13.
155.30 '150. 88 '155. 37
179.92 '181. 34 '183. 44
128. 61 129. 65 '129. 20
Aug. i
SURVEY OF CURRENT BUSINESS
September 1969
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1968
1968
Annual
S-15
Aug.
July
Sept.
1969
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug. P
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
l
WEEKLY AND HOURLY EARNINGS— Con.
Not Seasonally Adjusted— Continued
Avg. weekly gross earnings per prod, worker on
manufacturing payrolls — Continued tH
Durable goods.
. _.
dollars
Ordnance and accessories
do...
Lumber and wood products
do
Furniture and fixtures
do
Stone, clay, and glass products
do...
Primary metal industries.
Fabricated metal products
Machinery, except electrical
Electrical equip, and supplies _
Transportation equipment
Instruments and related products
Miscellaneous manufacturing ind
Nondurable goods _ ...
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products, nee
Leather and leather products
Wholesale and retail trade
Wholesale trade. . . .
Retail trade
.
Finance, insurance, and real estate
.
123. 60
132. 61
95.27
94.13
117.31
132. 07
135. 71
104. 34
100. 28
124. 98
131.02
132. 02
105. 41
99.14
126. 30
130. 29
134. 05
107. 53
102. 18
128. 05
135. 01
137. 85
109. 03
104.33
129. 93
135. 43
140. 10
107. 68
104. 58
129. 93
136. 36
138. 86
105. 73
103. 48
127. 49
137. 61
141. 28
107. 16
105. 32
128. 21
136. 04
135. 74
102. 56
101. 60
125. 36
135. 05
135. 54
104. 40
100. 84
126. 38
137. 45
137. 23
107. 86
103. 42
129. 27
137. 20
138. 11
106. 13
103. 46
131. 57
138. 69 '139.44 '137.83
138. 85 ' 140. 76 '137.26
109. 08 110. 30 '108.65
105. 04 '106.90 ' 104. 01
134. 41 134. 41 133. 56
138. 51
139. 04
110.15
107. 86
134. 51
do
. .do
do
do
do
do...
do...
137. 27
123. 67
135. 89
111.35
142. 42
117.71
92.59
147. 68
131. 77
141.46
118.08
155. 72
120. 69
98.25
148. 75
130. 41
139. 70
116.11
152. 52
119. 39
96.36
142. 36
132, 09
139. 03
117. 97
150. 70
120. 80
98.11
148. 68
136. 43
143. 40
120. 66
160. 07
123. 22
99.90
147. 24
136. 53
145. 09
120. 99
162. 92
123. 22
100. 15
149. 14
137. 05
145. 94
122. 10
165. 02
124. 75
100. 19
152. 67
136. 50
148. 17
123. 62
164. 86
125. 97
101. 14
154.66
134. 96
147. 55
122. 51
160. 19
124. 74
100.62
153. 14
133. 01
148. 82
120. 69
157. 03
123. 07
98.40
155. 82
136. 45
151. 36
123. 42
157. 38
126. 17
102. 05
157. 45
136. 21
150. 80
122. 92
157. 44
125. 96
102. 44
157. 13
138. 03
151. 66
124. 34
158. 18
127. 39
102. 96
'157.92
139. 86
' 151. 66
125. 36
160. 58
'129.15
'103.88
156. 87
138. 61
148. 81
124. 22
160. 63
127. 89
103. 49
do
do
do
do
do
102. 03
107. 98
87.62
84.25
73.08
109. 05
114. 24
94.12
91.05
79.78
110.00.
115. 51
98.89
88.97
79.06
110. 55
114. 96
95.55
92.51
81.40
112. 03
116.48
94.49
94.02
82.26
111.88
115.21
92.58
94.21
82.63
111.72
116.28
94.50
93.98
81.36
113. 08
117. 96
96.14
94.85
81.36
111.50
117.27
93.03
92.11
81.40
110. 48
116. 40
95.21
90.57
79.90
113. 15
118.08
94.70
93.66
83.13
113. 08
117. 89
95.94
92.92
81.85
114. 34 115. 31 '116.22 116.11
119. 77 '120.25 '121.95 120. 42
103. 02 '111.32 '104.15
91.62
94.07
95.63 ' 95. 88 97. 58
83.49 '82.08
82.67
84.45
do
do
do
do
-.do
do .
122. 84
125. 95
128. 96
152. 87
113.44
78.87
130. 85
133. 28
136. 27
159. 38
121. 18
85.41
132. 32
132. 94
136. 45
163. 18
121. 42
85.31
132. 62
135. 45
136. 86
157. 78
122. 30
85.41
135. 60
137. 35
138. 60
162. 49
125. 46
85.43
134. 54
137. 39
138. 69
160. 98
125. 16
86.56
134. 78
136. 32
139. 86
161. 88
124. 68
86.03
136. 90
139. 65
141. 46
159. 56
126. 12
88.32
135. 14
136.06
140. 19
152. 40
124. 73
87.46
132. 19
136. 10
139. 86
161. 38
121. 30
83.18
135. 45
139. 03
140. 95
168. 67
123. 30
87.28
135. 99
138. 68
142. 46
174. 10
123. 82
85.78
137. 17 138. 46 ' 140. 18
140. 18 141. 31 '141.70
143. 72 ' 144. 63 '145.18
174. 50 '170.00 '175.31
125. 25 '125.97 '125.36
87.66 ' 88. 83 ' 87. 75
do
do
do
.do
81.76
116. 06
70.95
95.46
86.40
122. 31
74.95
101. 75
88.56
123. 12
77.33
102. 40
88.80
122. 82
77.33
102. 40
88.08
124. 22
75.99
103. 23
87.11
123. 82
75.46
103. 51
87.33
124. 40
75.70
103. 69
87.96
125. 74
76.47
104. 99
88.40
124. 80
76.16
106. 76
88.60
126. 08
76.39
107. 59
88.85
126. 40
76.61
107. 22
88.96
127. 20
76.73
106. 85
89.92
91.55
93.08
93.70
128.00 ' 129. 92 '130.17 130. 17
77.63 ' 79. 35 ' 80. 96 81. 19
107. 30 '108.70 '107.30 107. 67
3.19
4.11
2.83
2.72
3.00
2.88
3.18
2.37
2.33
2.82
3.35
4.40
3.01
2.88
3.19
3.05
3.27
2.57
2.47
2.99
3.34
4.36
3.00
2.88
3.18
3.04
3.22
2.59
2.46
3.00
3.34
4.40
2.99
2.86
3.17
3.03
3.23
2.61
2.48
3.02
3.39
4.49
3.04
2.90
3.23
3.07
3.29
2.64
2.52
3.05
3.33
4.52
3.06
2.92
3.24
3.09
3.32
2.62
2.52
3.05
3.47
4.54
3.08
2.94
3.27
3.11
3.33
2.63
2.53
3.05
3.49
4.55
3.11
2.97
3.30
3.15
3.38
2.62
2.55
3.06
3.50
4.58
3.12
2.98
3.31
3.16
3.36
2.59
2.54
3.05
3.52
4.56
3.12
3.00
3.31
3.17
3.38
2.61
2.54
3.06
3.52
4.62
3.13
3.00
3.32
3.17
3.38
2.65
2.56
3.10
3.55
4.64
3.15
3.02
3.33
3.19
3.41
2.64
2.58
3.14
3.57
4.71
3.16
3.03
3.35
3.20
3.42
2.68
2.60
3.17
3.55
'4.71
3.17
3.03
3.36
3.21
3.45
2.71
'2.62
3.17
'3.58
'4.74
'3.19
'3.06
'3.37
'3.23
'3.44
'2.73
'2.62
'3.18
3.57
4.78
3.18
3.05
3.37
3.22
3.45
2.74
2.65
3.18
3.34
2.98
3.19
2.77
3.44
2.85
2.35
3.55
3.16
3.36
2.93
3.69
2.98
2.50
3.55
3.15
3.35
2.91
3.64
2.97
2.49
3.55
3.16
3.35
2.92
3.64
2.99
2.49
3.60
3.21
3.39
2.95
3.74
3.02
2.51
3.60
3.22
3.43
2.98
3.78
3.02
2.51
3.62
3.24
3.45
3.00
3.82
3.05
2.53
3.67
3.25
3.47
3.03
3.87
3.08
2.58
3.70
3.26
3.48
3.04
3.86
3.08
2.60
3.69
3.26
3.51
3.04
3.83
3.10
2.61
3.71
3.28
3.52
3.04
3.82
3.10
2.61
3.74
3.29
3.54
3.05
3.84
3.11
2.62
3.75
3.31
3.56
3.07
3.83
3.13
2.64
'3.76
3.33
'3.56
3.08
3.86
'3.15
'2.65
'3.79
'3.33
'3.56
3.09
'3.89
'3.14
2.64
3.78
3.34
3.56
3.09
3.88
3.15
2.64
2.57
2.47
2.64
2.27
2.06
2.03
2.87
3.28
3.10
3.58
2.74
2.07
2 24
2.88 !
2 01
2 58
2.74
2.63
2.80
2.49
2.21
2.21
3.05
3.48
3.26
3.75
2.92
2.23
2.40
3.05
2.16
2.75
2.75
2.63
2.79
2.63
2.17
2.19
3.07
3.48
3.28
3.76
2.94
2.21
2.40
3.04
2.16
2.76
2.75
2.64
2.77
2.45
2.24
2.23
3.07
3.50
3.29
3.73
2.94
2.23
2.40
3.04
2.16
2.76
2.78
2.66
2.80
2.38
2.26
2.26
3.11
3.54
3.30
3.77
2.98
2.26
2.44
3.09
2.19
2. 79
2.79
2.67
2.81
2.38
2.27
2.27
3.10
3.55
3.31
3.77
2.98
2.26
2.44
3.08
2.20
2.79
2.80
2.69
2.85
2.52
2.27
2.26
3.12
3.55
3.33
3.80
2.99
2.27
2.46
3.11
2.22
2.81
2.82
2.70
2.87
2.55
2.28
2.26
3.14
3.59
3.36
3.79
3.01
2.30
2.45
3.12
2.21
2.83
2.83
2.72
2.91
2.57
2.28
2.28
3.15
3.59
3.37
3.69
3.02
2.32
2.49
3.12
2.24
2.87
2.84
2.73
2.91
2.63
2.27
2.27
3.14
3.61
3.37
3.87
3.01
2.33
2.51
3.16
2.26
2.90
2.85
2.74
2.93
2.66
2.29
2.29
3.15
3.63
3.38
3.95
3.00
2.34
2.51
3.16
2.26
2.89
2.87
2.76
2.94
2.68
2.30
2.28
3.17
3.64
3.40
4.03
3.02
2.35
2.52
3.18
2.27
2.88
2.88
2.77
2.95
2.74
2.30
2.29
3.19
3.66
3.43
4.03
3.04
2.35
2.54
3.20
2.29
2.90
2.89
2.77
2.94
'2.79
2.31
2.30
3.22
3.68
3.46
4.00
3.05
2.35
2.55
'3.24
'2.30
'2.93
'2.92
2.80
'2.96
'2.77
'2.35
'2.28
3.26
'3.69
3.49
'4.03
'3.08
'2.34
2.55
3.23
2.30
'2.90
2.91
2.79
2.93
2.51
2.38
2.32
3.28
3.71
3.49
3.98
3.10
2.34
2.56
3.23
2.30
2.91
4.201
5.956
1.44
1
3. 466
4.240
5.989
1.45
3.464
4.280
6.073
4.300 ;
6.102 !
4.310
6.134
1 41
3.501 i
4.321
6.150
4.343
6.181
4.379
6.202
1 57
3.581
4.422
6.224
4.422
6.228
4.435
6.261
1 59
4.495
6.314
4.657
6.502
4.748
6.672
3.641
3.599
4.718
6.627
1.58
- -- !
106. 75
88.08
106. 23
87.43
109.95 j 110. 74
87.33
86.99
111.54
87.41
56, 015
46, 434
37.8
56,539
46, 869
38.2
37.9
108. 87
2.85
Average hourly gross earnings per production
worker on payrolls of nonagricultural estab.rf
Mining.
...
dollars
Contract construction
.
do
Manufacturing
.
do
Excluding overtime
do
Durable goods
do
Excluding overtime
do
Ordnance and accessories
do
Lumber and wood products . .
..
do
Furniture and fixtures ._.
do
Stone, clay, and glass products
do
Primary metal industries.
Fabricated metal products
Machinery, except electrical
Electrical equip, and supplies
Transportation equipment
Instruments and related products
Miscellaneous manufacturing ind
do
do
do
do
do
do
do _
N endurable goods
..
do
Excluding overtime
do
Food and kindred products.
do
Tobacco manufactures
do
Textile mill products
..
do
Apparel and other textile products. . . do
Paper and allied products
do
Printing and publishing. .....
do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products, nee
do
Leather and leather products
do
Wholesale and retail trade
do
Wholesale trade
do
Retail trade
do
Finance, insurance, and real estate
do
Miscellaneous hourly wages:
Construction wages, 20 cities (ENR)rcf
Commonlabor
.
$nerhr
3.884
Skilled labor
do "
5.528
Farm, without board or rm., 1st of mo
do
1.33
Railroad wages (average, class I)
do
i 3. 293
Spendable Weekly Earnings f 1
Spendable average weekly earnings per worker (with
three dependents) in manufacturing industries:
Current dollars § .
101.26
Constant dollars §
1957-59 dollars
87.07 :
PRIVATE SECTOR SERIESfl
Not Seasonally Adjusted
Excludes government employees:*!
Employees, total, nonagricultural estab
thous. .
Production or nonsupervisory workers
do
Hrs. (gross), av. weekly: Unadjusted. .hours..
Seasonally adj.do
Weekly earnings (gross), average
dollars..
Hourly earnings (gross) , average
do
54,459
45, 169 ;
38.0
3.496 i 3.534
105.91 i 108.66
86.88
88.92
109. 06
88.74
3.561 | 3.552
109.22
88. 51
110.65
89. 45
108. 78
87. 66
107. 82
86. 53
109. 81
87. 43
56,802 56,849 ; 56,923 57,139 57,579 56,056 56,159 , 56,615 57,188 57, 623
47,102 47,177 47, 247 47, 464 47, 874 46,359 ; 46,426 46,824 47, 344 47, 732
37.7
37.5
37.5 i 37.2
37.6
38.3 ! 38.1 ;
37.9
37.5 i 37.8
37.8
37.9 j
37.9
37.8
37. 8
37. 5
37. 8
37.8 i
37. 6
37. 6
101. 84
107. 73
109. 16 110. 49 110. 29 109. 50 110. 38 110.25 110.11 111.67 111.75 113. 48
9 fi»
3.01
2.85
2.98
2. 85
2. 90
2.94
2.96 1 2.97 i
2. 92
2. 92
2.91
c
t 5lvise.d* Preliminary.
i Includes adjustments not d istributed by mon ths.
fSeec arresponding note .bottom of p. S-13.
1f £5ee corre ponding
§ Effective Apr. 196S, data reflect income tax surcharge im posed by the Rev enue and
cfWag es as of Sept. 1, 1969: Common, $4.751; skill ed, $6.738
Expenditure Control Act.
' 157. 66
'136.86
'148.81
' 122. 98
'162.21
'126.86
'101.64
111.20
86.74
141. 37
143. 21
145. 18
171. 54
127. 72
87.05
111.13
86.35
58, 632 '58,528 58, 805
48, 648 -•48,500 48, 793
38.1
38.3
38.0
37.8
37.9
37.8
115. 14 '115.82 116. 43
'3.04 1 3.04
'3.03
note, bo ttom of {). S-13.
SURVEY OF CURRENT BUSINESS
3-16
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1968
1968
July
Annual
September 1969
Aug.
Sept.
1969
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HELP-WANTED ADVERTISING
Seasonally adjusted index
1957-59=100-LABOR TURNOVER
Manufacturing establishments:
Unadjusted for seasonal variation: A
Accession rate, total
mo. rate per 100 employees..
New hires
-do
Separation rate total
do
Quit
do
Layoff
do
Seasonally adjusted: A
Accession rate total
do
New hires
do. ._
Separation rate total
do
Quit
.
do
182
200
185
198
219
213
222
226
221
230
232
227
217
209
210
4.4
3.3
4.6
3.5
4.6
2.5
1.2
5.0
3.7
5.7
4.3
5.7
4.5
5.0
4.0
3.8
2.9
3.0
2.2
4.6
3.3
3.9
3.0
4.4
3.4
4.5
3.5
4.8
3.8
'6.6
'5.4
?, 3
1,7
3.7
1.2
4.1
1.1
2.8
1.2
2.1
1.2
1.6
1.4
2.3
1.2
2.1
1.0
2.4
1.0
2.6
.9
2.7
.9
'2.6
'.9
P5.2
P4.0
p 5. 3
P2.7
Pl.7
47
3.5
4.6
3.5
4.7
3.6
4.8
3.6
4.6
3.5
4.7
3.7
4.9
3.8
4.8
3.7
'5.0
2.6
1.2
2.4
1.2
2.6
1.2
2.6
1.1
2.5
1.1
2.7
1.1
4.6
4.0
4. 9
2.7
1.2
4.9
3.9
2.4
1,?
4.6
3.7
4.8
2.7
1.1
2.7
1.0
2.8
1.1
5,045
2,649
520
202
466
154
448
170
434
279
327
130
183
64
320
182
330
137
420
112
570
253
660
219
560
181
500
220
49, 018
880
465
,612
821
360
4,049
738
349
3,081
741
415
3,992
617
306
2,431
408
189
1,693
480
255
3.380
500
266
2,590
600
261
2,080
770
303
2,740
870
329
3,530
800
302
3,370
760
307
3,420
4.6
2.3
1.4
INDUSTRIAL DISPUTES
Strikes and lockouts:
Beginning in period:
4,595
Work stoppages
number
2,870
Workers involved .
_ _
__thous__
In effect during month :
Work stoppages
numberWorkers involved
thous
Man-days idle during period
do
42,100
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
5,817
Nonfarm placements
. _ - _ . . thous._
Unemployment insurance programs:
1,270
Insured unemployment, all programs . do __
State programs:
11 760
Initial claims
do
1,205
Insured unemployment, weekly avg do
Percent of covered employment:^
2.5
Unadjusted
Seasonally adjusted ... .
1,017
Beneficiaries, weekly average
._thous._
Benefits paid
- . mil. $. 2, 092. 3
Federal employees, insured unemployment,
weekly average
. thous
20
Veterans' program (UCX):
222
Initial claims
do....
23
Insured unemployment, weekly avg do
21
Beneficiaries, weekly average .
-.do
46.3
Benefits paid
mil. $
Railroad program:
241
Applications
. _ _ ..thous.
Insured unemployment, weekly avg- _ -do
20
Benefits paid
mil. $
40.6
"4.8
"3.8
J> 4. 9
4.9
"2.8
'2.7
' 1 1 v 1. 2
- q o
' 0. O
5,733
54?
531
561
540
426
360
392
373
397
454
437
512
469
1,187
,057
1,023
867
861
984
1,252
1,584
1,550
1,384
1,162
970
911
1,088
10,463
1,111
,080
991
778
955
604
802
701
794
788
913
1,161
1,172
1,240
1,491
890
1,459
709
1,300
756
1,090
613
906
710
852
1,105
1,021
2.2
936
2, 031. 9
2.0
'?,.?,
770
45.6
1.9
'2.2
804
150.0
1.6
2.2
687
121.8
1.6
2.1
644
126.0
1.8
2.1
680
122.5
2.3
'2.1
885
170.3
3.0
2.1
1,206
246.1
2.9
2.1
1,290
234.2
2.6
2.1
1,190
226.5
2.2
2.0
1,022
200.1
1.8
2.0
800
153.0
1.7
2.1
744
135.0
2.0
2.2
788
159.2
23
20
20
19
20
21
22
24
24
23
20
17
18
19
289
32
29
69.2
28
30
?5
5.3
26
32
29
5.9
22
28
26
5.2
26
27
24
5.2
26
32
26
5.3
29
38
34
7.2
32
44
41
9.0
27
43
42
8.0
24
40
39
7.8
22
35
35
7.4
20
29
28
5.8
26
30
27
5.5
32
36
31
6.9
139
20
40.4
19
16
2.3
10
16
3.1
7
18
3.1
9
20
4.0
6
18
3.4
11
19
3.6
12
24
4.8
6
23
4.3
5
21
4.1
5
18
3.4
11
17
2.8
11
11
2.0
13
4 420
22, 865
8,342
14 523
4,464
23,681
9,003
14 678
4 510
24, 390
10, 076
14 314
4,668
25,305
9,931
15 374
4 880
25, 964
10, 159
15 805
4,991
28, 191
10, 352
17,839
FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers' acceptances
mil $
Commercial and finance co. paper, total
do _
Placed through dealers
_ do. ..
Placed directly (finance paper)
do
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total, end of period
mil $
Farm mortgage loans:
Federal land banks
do. ._
Loans to cooperatives __ _ _ .
do
Other loans and discounts
do
4 317
16,635
4,901
11,634
4 428
20, 497
7,201
13, 296
4 330
19, 746
6,270
13, 476
4 418
20, 734
7,091
13,643
4 327
20,264
7,737
12 527
4 420
20,839
7 592
13 247
4 389
22, 220
7,758
14, 462
4,428
20, 497
7,201
13,296
4 370
21,813
7,873
13 940
10 848
11 748
11 830
11 809
11 722
11 734
11, 677
11 748
11 907 ill 946
5,609
1,506
3,733
6,126
1,577
4,044
6,004
1,454
4,372
6,033
1,450
4,326
6,064
1,479
4,179
6,094
1,551
4,090
6,107
1,583
3,987
6,126
1,577
4,044
Bank debits to demand deposit accounts, except
interbank and U.S. Government accounts,
annual rates, seasonally adjusted:
Total (233SMSA's)O
bil. $._ 6, 661. 5
New York SMSA
.
do
2 921 2
Total 232 SMSA's (except N.Y.)
6 other leading SMSA 'si—
226 other SMSA's
do . 3, 740. 3
do
1,471.8
do
2, 268. 5
Federal Reserve banks, condition, end of period:
Assets, tota!9
_._r._
..mil. $._
Reserve bank credit outstanding, total 9 —do
Discounts and advances
_ do
U.S. Government securities.,
do. _
Gold certificate account
Liabilities, total 9
Deposits, total
.
Member-bank reserve balances
Federal Reserve notes in circulation
6,226
1,680
U,040
12 941 112 854 112 841
6,412
6,484
1 648 1,614
»4,284 14,416
6,557
6,645
6,605
1 594
1,594
1,573
4,790 i 4, 655 » 4, 624
6,317
1,663
4,344
8 002.2 8, 163. 0 8,521.8 8, 368. 4 8, 599. 8 8, 540. 1 8, 752. 9 8,733 3 8, 832. 8 8, 723. 3 8 883.9 9, 147. 6 9, 385. 4 9, 242. 7
3 635 2 3,726 1 4 079.6 3 857.8 3 953 7 3, 925. 9 4, 076. 8 3 896 7 3 929 8 3 882 8 3 902 0 4 097 6 4 155 7 3 908 6
4, 367. 0 4, 436. 9 4, 442. 2 4, 510. 6 4, 646. 1 4, 614. 2 4, 676. 1 4 836 6 4, 903. 0 4, 840. 5 4 981.9 5, 050. 0 5, 229. 7 5, 334. 1
1, 765. 5 1, 807. 9 1,825.2 1, 840. 2 1,904.9 1,904.1 1, 902. 4 2, 007. 7 2, 047. 4 1, 974. 3 2, 028. 9 2, 083. 2 2, 164. 4 2, 244. 4
2 601 5 2,629 0 2,617.0 2, 670. 4 2 741 2 2, 710. 1 2, 773. 7 2 828 9 2 855 6 2 866 2 2 953 0 2, 966. 8 3, 065. 3 3 089 7
75,330
78, 972
76,296
75, 592
77,388
77, 215
78, 977
78, 972
77,635
77, 849
78, 772
82, 213
80, 753 80, 516 '79, 473
80, 281
51, 948
141
49, 112
56, 614
188
52, 937
54, 880
736
52, 397
55,461
529
53,044
54, 707
390
53, 279
55, 919
179
53 329
55, 697
471
53, 350
56, 614
188
52, 937
55, 892
862
52, 127
55, 857
744
52, 275
55,419
1 148
52 405
58,108
2 532
53,113
56, 891 '56, 601 '57, 454
1 049
750
1 832
53, 759 54 095 54, 138
61, 359
1,514
54,911
do
11 481
10, 026
10 025
10, 026
10, 026
10 026
10 026
10 026
10, 025
10 025
10 025
10 023
10 022
10, 027
10, 027
do
75 330
78 972
76 296
75 592
77,388
77 215
78 977
78 972
77,635
77 849
78 772
82 213
80 753 80 516 '79, 473
80, 281
do
...do
22 920
20, 999
23 473
21, 807
23 496
21, 702
23 314
21, 808
22, 949
21, 233
23 935
22' 316
23 667
22, 533
23 473
21, 807
24 295
23, 124
23 909
22,801
23 289
21,588
25 882
24, 344
25 405
23, 705
r
22 714 23 331
20, 750 '21,772
24 271
22, 789
do
42,369
45, 510
42, 857
43, 179
43, 273
43,472
44, 481
45, 510
44, 170
43, 992
44, 232
44, 196
44, 811
45, 299
45, 566
45,885
' Revised.
v Preliminary.
i Beginning Feb. 1969, data for indicated month exclude
loans by Federal Intermediate Credit Banks outside the Farm Credit Adm. system now
reported quarterly only.
AAdjusted to new benchmarks and seasonal factors; see note "U," p. S-13.
6,169
1,630
4,108
12 324 i 12 344 112 514
10 027
cf Insured unemployment as % of average covered employment in a 12-month period.
OTotal SMSA's include some cities ana counties not designated as SMSA's.
llncludes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland and Los
Angeles-Long Beach.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
September 1969
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
| 1968
End of year
S-17
1968
July
Aug.
Sept.
1969
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
27 221
26 766
28,063
27,846
217
697
—480
27, 291
27,063
26 754
26, 537
27 079
26 927
27 903
27 603
27 317
26 974
July
Aug.
FINANCE—Continued
BANKING- Continued
All member banks of Federal Reserve System,
averages of daily figures:
1
25, 260
Reserves held total
mil $
i 24, 915
Required
do
1345
Excess
do .
Borrowings from Federal Reserve banks _ do _
1238
i 107
Free reserves
do
Large commercial banks reporting to Federal Reserve System, Wed. nearest end of yr. or mo.:
Deposits:
Demand, adjustedcf
mil. $
81 848
Demand, total 9
do
127 277
Individuals, partnerships, and corp
do
92, 380
State and local governments
do
6,231
U.S. Government
do
3 818
Domestic commercial banks _ _. ._ __do _ _ _ 15, 752
Time, total 9
Individuals, partnerships, and corp.:
Savings
Other time _
Loans (adjusted) , totaled
Commercial and industrial ._ _
For purchasing or carrying securities
To nonbank financial institutions
Real estate loans
__
Other loans
i 27, 221
i 26, 766
1455
i 765
i -310
do
do
48 864
38, 273
49, 161
45, 013
do
do
do
do
do
do
143 951
66, 201
8.340
10 415
29, 126
37 702
161,824
73, 988
9,533
11,866
32, 051
40, 882
61 818
28, 371
22, 322
33 447
CONSUMER CREDIT
(Short- and Intermediate-term)
Total outstanding, end of year or month t... mil. $
26, 077
25, 694
383
515
-132
26, 653
26,393
260
427
-167
26,785
26,461
324
569
-245
455
765
—310
228
824
-596
217
918
-701
48 274
41, 972
48 269
43 042
48, 512
44,023
48 522
45 106
48 672
45 926
49 161
45 013
48 340
44 416
48 335
44 201
48 650
43 419
47, 737
42, 908
47 691 4 47 512
42* 511 440 qi6
149,812 148 615 153,411 151 926
68, 996 68,008 69, 553 69 702
8,839
8,751 10, 245
8,296
10,340
9 789 10, 587 10 240
30, 575 30, 866 31,197 31 469
38, 284 38 670 40, 137 39 482
154 023 161 824 156 682 157 587 159 640 162, 397 161 977 4 170 468
71 178 73 988 72 896 73 727 75 269 76,659 76 636 4 78 590
7,025
7,233
7,697
7 390
9 533
7 234
6 927 4 7 238
10 287 11 866 10 401 10 535 10 709 11 349 10 806 4 11 927
31 773 32 051 32 220 32 472 32 627 32, 877 33 022 4 33 252
40 453 40 882 42 745 42 727 42 949 42 065 42 910 4 °.Q 4.84.
68, 347
29, 354
24,040
38, 993
62 131
27, 070
23, 253
35,060
64 129
27, 781
24, 401
36 348
66 239
28, 602
24, 701
37, 637
68 051
30,099
24 770
37 952
66 525
28, 231
24 480
38 294
68 347
29, 354
24 040
38 993
65 861
27, 656
23 649
38 205
co i no
25, 146
22 851
38 047
64 066
26, 073
22 552
37 993
63 169
24, 791
22 500
38 378
346. 5
225.4
59.7
61.4
384.6
251.6
61.5
71.5
365.9
238.4
63.1
64 4
370 4
241 1
63 9
65 5
374.6
243.6
64.0
67 0
379.4
246 7
64 2
68 5
381.6
250 4
61 0
70 2
384
251
61
71
385 9
253 7
60 8
71 4
387.9
258 4
58. 1
71 5
386.8
257 5
57.4
71 9
389.9
260.6
57.6
71.7
2
2
2
2
2
5 99
2 5 72
2
6 34
25.96
2
5 96
2
6 06
2
6. 09
r
26
r
980
26 864
r H6
152
343
300
996
1 402
1 407 r 1 190
r
i 074
—844 — 1 102 — 1 064
6.68
6. 45
7. 01
6. 72
26.50
2
6. 66
2
6. 64
6
6
7
6
6
6
6
89
67
16
96
74
86
86
6
6
5
5
990
A a QCQ
on 74n
no coi
Afi
fi^
00 CQA
1 fiS H°.4. 1 fifi 4.S1
77 ttl
7fi fi4.4.
7 *?69
6 71Q
00
23, 468
23, 336
395. 2
268. 0
56.0
71. 2
395.7
268.8
56.6
70.3
395. 4
269.2
56.6
69.6
r ff\
4 °.7 °.4.fi
4
4
4
4
7.86
7.66
8.18
7.89
7.66
7.87
7.83
7 32
7 13
7 59
7.41
7 01
7 25
7.35
6 61
6 40
6 95
6 69
6 44
6 48
6.62
390.8
263.3
56.0
71.5
260
1 250
QO ono
60 758 4 fin 1 fifi
23, 077 * 22, 820
21 803- 4 91 382
07 f»oi
27 036
26 776
78 135 79 444
127 152 19g 567
90, 094 91, 903
6 363
6 233
O OQO
1 228
16 125 18 18^
112, 103 106,411 108 259 109, 359 110 771 111 937 112 103 110 030 109, 211 108 387 106, 949 106 188 4 103 in i on fi09
102 921
5.50
6. 41
6.85
5.50
6.57
6 96
5.25
6.61
6 96
5.25
6.61
6 96
5.25
6.59
6 96
5.25
6.54
6 96
5.50
6.53
6 97
5.50
6.54
6 98
5.50
6.64
5.50
6.70
6.00
6.72
6.00
6.84
6.00
7.02
6.00
7.26
6.00
7.51
2
6. 33
26.40
26.83
2
6.90
7.04
7.10
7.10
7.12
7.10
7.11
7.09
7.09
7.07
7.07
7.09
7.09
7.16
7.18
7.26
7.28
7.32
7.35
7.47
7.46
7.50
7.54
r
7.62
' 7.64
7.76
7.79
7.85
7.89
34.75
3
5.10
34.89
35.66
35.75
35.90
35.69
6.33
5.85
6.19
6.02
6.50
5.66
5.88
5.74
6.50
5.63
5.82
5.61
6.50
5.79
5.80
5.59
6.50
5.97
5.92
5.75
6.25
6.20
6.17
5.86
6.50
6.46
6.53
6.14
6.97
6.47
6.62
6.33
7.00
6.66
6.82
6.38
7.26
6.86
7.04
6.38
7.50
7.38
7.35
6.54
7.50
7.99
8.23
7.25
8.31
8 41
8 65
7 53
8.50
8.04
8.33
7.71
8.50
4. 321
5 07
3 35. 339
5 59
5.382
5 44
5.095
509
5.202
5 30
5.334
5 42
5.492
5 47
5.916
5 99
6.177
6 04
6.156
6 16
6.080
6 33
6.150
6 15
6.077
6.33
6.493
6.64
7.004
7.02
7.007
7 08
2
2
3
26 069
25, 694
375
565
-190
88, 930 78, 839 76 793 78,029 79 134 78 963 88 930 81 120 79, 826 81 891 79 374 77 040 4 78 248
144, 295 122, 373 117 004 127, 364 123 574 125 007 144 295 127 002 124, 747 128 683 134 765 127 254 4 135 §09
102, 818 87, 330 84, 929 88, 412 88, 655 91,495 102, 818 90, 113 89, 131 93, 164 92,700 89, 414 * 93, 690
7,675
6,366
6,272
6,257
6,247
5,516
6,175
6,175
7,675
6,318
7 005
6 270 4 6 628
3,437
3,774
3,882
3 055
5,485
1 429
3 990
2 003
5 434
3 437
4 112 4 3 gig
6 946
19,064 14, 582 13, 635 16, 216 14 896 15, 596 19 064 14 596 14,915 16 259 16 315 16 239 4 ig 999
do
Investments, total
do
U.S. Government securities, total
do
Notes and bonds.
do
Other securities
do
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates) , seas. adj.:J
Total loans and investmentsO
bil. $
LoansO
do
U.S. Government securities
do
Other securities
do
Money and interest rates: §
Bank rates on short-term business loans: f
In 35 centers
percent per annum
New York City
do
7 other northeast centers
do
8 north central centers
do
7 southeast centers
do
8 southwest centers
do
4 west coast centers
do
Discount rate (N.Y.F.R. Bank), end of year or
month
percent-Federal intermediate credit bank loans
do
Federal land bank loans
do
Home mortgage rates (conventional 1st mortgages):}
New home purchase (U.S. avg.)
percent..
Existing home purchase (U.S. avg.)
do
Open market rates, New York City:
Bankers' acceptances (prime, 90 days)
do
Commercial paper (prime, 4-6 montns)__do
Finance Co. paper placed directly, 3-6 mo_do
Stock Exchange call loans, going rate
do
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent _ _
3-5 year issues . .
do
26001
25,702
299
525
-226
3
4.50
5. 88
6 02
2
2
102, 132 113, 191 105,680 107 090 107,636 108,643 110, 035 113, 191 112 117 111,569 111,950 113 231 114, 750 115, 995 116, 597
Installment credit, total. _
do
89, 890 84, 448 85 684 86 184 87 058 87 953 89 890 89 492 89 380 89, 672 90 663 91,813 93, 087 93, 833
80 926
Automobile paper
do
34 130 32 874 oo qoc 33 336 33 698 33 925 34 130 34 013 34 053 34 262 34 733 35, 230 35, 804 36, 081
30 724
Other consumer goods paper
do
24, 899 22, 452 22 777 22 988 23* 248 23 668 24 899 24 682 24 404 24 306 24 399 24, 636 24, 956 25, 172
22 395
4, 039
4,022
3,964
Repair and modernization loans
do
3,808
3,925
3,874
3,931
3 925
3 875
3,789
3,881
3 910
3 886
3 903
3? 857
Personal loans _
...
do
26, 936 25, 314 25 725 25 979 26 202 26 429 26 936 26 911 27 048 27 230 27 628 27, 983 28. 305 28, 541
24 018
By type of holder:
Financial institutions, total.
do
77, 457 73, 573 74 690 75 114 75 871 76 446 77 457 77 360 77 577 78 006 79 062 80, 155 81,388 82, 130
69 490
Commercial banks.
do
36 952 35, 103 35 672 35 923 36 352 36 560 36 952 37 005 37 056 37 257 37 854 38, 347 38,916 39, 248
32 700
Salesfinancecompanies
. ._
do
18, 219 17, 448 17 670 17, 680 17 823 17 960 18 219 18 175 18 219 18 253 18 418 18, 636 18,961 19, 127
16 838
Credit unions
do
9,574
10, 178
8 972
9 851
9 962 10 049 10 178 10 101 10 153 10 294 10 508 10, 699 10, 939 11, 054
9 739
9,293
Consumer finance companies
do
9,080
9,146
8,397
8,913
8 530
8 588
8 685
8 896
8 103
8 913
8 927
8 490
8 879
9' 008
Other
do
3,426
3,408
3,393
2 877
3 195 3 051 3 119
3 253
3 130
3 146
3 192
3 195
3 200
3 275
3 274
Retail outlets, total .
do
12 433 10 875 10 994 11 070 11 187 11 507 12 433 12 132 11 803 11 666 11 601 11, 658 11 699 11, 703
11 436
Automobile dealers
do
335
308
329
333
320
' 319
'320
285
313
317
319
319
320
313
'325
Moninstallment credit , total
do
23, 301 21,232 21, 406 21, 452 21, 585 22, 082 23, 301 22, 625 22, 189 22, 278 22, 568 22, 937 22, 908 22, 764
21, 206
Single-payment loans, total
do
9, 120
8,774
8,695
9 227
9,218
9,138
9 024
8 428
8 868
8 943
9 050
0 138
9 139
9 038
9 216
7 719
7 794
7 877
7 961
7 340
Commercial banks
do
7,627
7 565
7 946
8 017
7 975
8 031
7 857
7 975
7 878
8* 040
Other financial institutions
do
1,174
1,130
1,147
1,201
1, 163
1,149
1,149
1,167
1, 196
1, 088
1,163
1,173
1,160
1,178
l'l76
Charge accounts, total
do
6,574
6,457
7, 039
7, 755
6,692
6,971
7,002
6,968
6,550
6, 964
7,755
6,403
7,097
6,340
6, 557
Credit cards
do"
1,245
1 029
1,305
],160
1 498
1 268
1 294
1 267
1 305
1 316
1 428
1 334
1 320 1 362
1 303
Service credit
. _ _ _
do
6.080
6.058
5.810
6.408
6. 034
5. 950
fi.094
6.408
6. 736
fi 7QQ
fi 70S
6.748
fi. 679
6.605
fi. 490
r
Revised.
reserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).
4
i Average for Dec.
2 Average for year.
s Daily average.
Beginning July I960,
9Includes data not shown separately.
^Revised monthly data for commercial bank credit
data are revised to include all bank premises subsidiaries, and other significant majorityfor 1948-June 1967 appear on p. 44 of the Sept. 1968 SURVEY; those for consumer credit for
owned domestic subsidiaries; also, loans and investments are now reported gross. For com1956-67 appear in the Dec. 1968 Federal Reserve Bulletin; and those for 1965-66 for home mortplete details see the Aug. 1969 Federal Reserve Bulletin.
gage rates will be shown later.
©Adjusted to exclude interbank loans and beginning July
c?For demand deposits, the term "adjusted" denotes demand deposits other than domestic
1969, data are reported gross.
§For bond yields, see p. S-20.
fBeginning Feb. 1967,
commercial interbank and U.S. Government, less cash items in process of collection; for
series revised to cover 35 centers and exclude rates for certain loans formerly included (sec
loans, exclusive of loans to domestic commercial banks and after deduction of valuation
May 1967 Federal Reserve Bulletin).
http://fraser.stlouisfed.org/
360-735 O - f
Federal Reserve Bank of St. Louis
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1968
1968
July
Annual
September 1969
Au?.
Sept.
1969
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
FINANCE—Continued
!
CONSUMER CREDIT^— Continued
Installment credit extended and repaid:
Unadjusted:
Extended total
mil. $
Automobile paper
_do_
Other consumer goods paper
do
All other
do
84,693
26, 667
26, 952
31, 074
97, 053
31, 424
30, 593
35,036
8,738
2,974
2,631
3,133
8,502
2,774
2,531
3,197
7,682
2,354
2,462
2,866
8,687
2,917
2,752
3,018
8,166
2,546
2,739
2,881
9,568
2,489
3,608
3,471
7,557
2,369
2,449
3,739
6,971
2,344
1,985
2,642
8,132
2,750
2,423
2,959
9,024
3,023
2,668
3,333
8,960
2,985
2,760
3,215
9,169
3,045
2,832
3,292
8,920
2,828
2,778
3,314
81, 306
26,499
25, 535
29, 272
88,089
28, 018
28, 089
31, 982
7,723
2,464
2,427
2,832
7,266
2,323
2,206
2,737
7,182
2,343
2,251
2,588
7,813
2,555
2,492
2,766
7,271
2,319
2,319
2,633
7,631
2,284
2,377
2,970
7,955
2,486
2,666
2,803
7,083
2,304
2,263
2,516
7,840
2,541
2,521
2,778
8,033
2, 552
2,575
2,906
7,810
2,488
2,523
2,799
7,895
2,471
2,512
2,912
8,174
2,551
2,562
3,061
Repaid, total
_
Automobile paper
Other consumer goods paper
All other
do
do
.do
do
Seasonally adjusted:
Extended total
Automobile paper
Other consumer goods paper
All other
do
do
do
do
8,247
2,673
2,622
2,952
8,187
2,684
2,483
3,020
8,416
2,783
2,560
3,073
8,533
2,782
2,645
3,106
8,288
2,681
2,640
2,967
8,277
2,592
2,656
3,029
8,371
2,661
2,654
3,056
8,414
2,716
2,598
3,100
8,381
2,730
2,625
3,026
8,720
2,772
2,763
3,185
8,680
2,757
2,767
3,156
8,705
2,725
2,869
3,111
8,521
2,582
2,777
3,162
Repaid total
Automobile paper
Other consumer goods paper
All other
do
do
do
do
7,390
2,352
2,374
2,664
7,253
2,327
2,209
2,717
7,701
2,482
2,428
2,791
7,586
2,391
2,451
2,744
7,454
2,363
2,388
2,703
7,502
2,357
2,422
2,723
7,730
2,467
2,442
2,821
7,616
2,468
2,352
2,796
7,735
2,501
2,461
2,773
7,960
2,519
2,569
2,872
7,834
2,488
2,507
2,839
7,910
2,460
2,602
2,848
7,899
2,471
2,511
2,917
13,203
16, 165
-2,963
18, 753 10, 716 12, 737
16, 029 16, 553 15, 070
2,726 -5,837 -2, 332
15, 820
14, 465
1,355
15, 845
15, 798
47
-189
-3,152
-207
-286
-55
2,518 -6, 122 -2, 387
71
1,427
37
84
2,839
313
3,152
378,017
297,529
-4, 528
3,125
-686
2,010
2,997
3,073
6,122
-2,518
2,387
372.615 375,365 375, 120
293,001 296,126 295, 441
_
FEDERAL GOVERNMENT FINANCE
Budget receipts, expenditures, and net lending: 1
Expenditure account:
Receipts (net)
mil. $ i '149, 552 12 '153,671 11, 651
Expenditure (excl. net lending)
. . .do
i '153, 201 12172,803 13,903
Expend, acct. surplus or deficit (— )
do
i '-3, 64912r-19,132 -2, 254
Loan account:
1
-313
Net lending
do
-5, 053 12 '-6,030
Budget surplus or deficit ( — )
do
i '-8, 70212 '-25, 162 -2,566
Budgetfinancing:1
Borrowing from the public
do
i 2, 838 i 23, 100
4,059
1
Reduction in cash balances
do
' 5, 864 1 2 r2, 062 -1,493
Total, budget
financing
do
2,566
i'8,702 12r25,162
Gross amount of debt outstanding!
do
1341,348 1369,768 373,355
Held by the public
- do
1267,531 1290,631 294,690
Budget receipts by source and outlays by agency :H
Receipts (net), total
mil. $ i '149, 552 12 '153,671 11, 651
Individual income taxes (net)
do
i 61, 526 i 68, 726
5,013
Corporation income taxes (net)
.do -.. i 33, 971 i 28, 665
2,175
Social insurance taxes and contributions
(net)
mil. $ i '33, 349 12 '34,622
2,411
2,052
Other
.- .do ... i '20, 706 12 '21,659
Expenditures and net lending, total 9
do
i '158, 255 12 '178,834 14,217
626
Agriculture Department
do -.. i 5, 841
i 7, 308
5,461
Defense Department, military
do
i 67, 453 i 77, 373
Health. Education, and Welfare Department
mil.$_. i 34, 608 i 40, 576
3,527
1,345
Treasury Department
do
i 13, 059 i 14, 655
i 5, 423
277
National Aeronautics and Space Adm
do
i 4, 721
590
Veterans Administration
do
i 6, 845 i 6, 858
Receipts and expenditures (national income and
product accounts basis), qtrly. totals seas. adj.
at annual rates:t
Federal Government receipts, total
bil. $..
Personal tax and nontax receipts
do
Corporate profit tax accruals
do
Indirect business tax and nontax accruals-do
Contributions for social insurance
do
Federal Government expenditures, total do
Purchases of goods and services. .
do
National defense
do
Transfer payments
do
Grants-in-aid to State and local govts
do
Net interest paid
do
Subsidies less current surplus of government
enterprises
bil. $
Surplus or deficit (— )
do
-2
-1,912
-485
P369
-152
50
7,625 -2,418 plO, 119 -3, 153
418
1,626 -1,887
-3, 586
1,494
1 710 2,031
2,159
1,912
144
-84
-1,427
371,267 373, 618 373, 165 373, 854
291, 855 293, 481 291, 595 292, 012
-2,456 -1,485 p-8,580 4,438
3,903 p-1,539 -1,285
-5, 169
2,418 "-10,119 3,153
-7,625
372, 216 373, 677 "367, 152 371, 759
289, 557 288, 072 "279, 492 283, 930
-373
-144
18,753
9,199
5,000
10, 716
5,299
1,278
12, 737
6,483
559
15, 820
6,397
5,159
15, 845
10, 222
1,603
14, 590
7,287
682
13, 727
3,999
4,965
23, 596
12,106
5,323
13,346 "23, 855 12,542
4,760 "10, 100
6,404
806 " 8, 606 1,070
4,449
1,856
16, 355
1,286
6,440
2, 651
1,904
16, 235
1,685
6,408
2,256
1,883
16, 839
1,267
6,768
3,659
2,035
15, 124
781
6,336
2,118
2,147
14, 394
675
6, 702
2,176
1,844
15, 761
808
6,568
4,880
1,742
14, 734
395
6,227
2,865
1,898
15,639
447
6,543
3,881
2,286
15, 972
610
6,682
5,748
2,031
15, 764
344
6,480
3,771
1,360
434
599
3,764
1,351
342
622
3,790
1,254
393
597
3,830
1,441
334
617
3,776
1,416
353
623
3,830
1,373
347
632
3,849
1,422
335
649
4,007
1,511
385
712
4,169
1.506
353
692
1""" "
187.3
87.4
39.8
18.5
41.7
198.1
93.8
40 2
18.5
45.6
' 202. 3
96.9
'40 5
18.6
46 4
187.4
101.9
79.3
50.0
19.0
12.2
188.5
101.6
79.0
50.8
19 0
12.5
189 3
100.6
78.5
52.1
19 3
12.9
4.6
4 4
4 6
4 4
-2.8
— .1
9.6
' 13 0
176.3
79.5
38.3
18.0
40.5
181.4
83.7
38.4
18.3
40.9
163.8
90.7
72.4
42.2
15.9
10.3 |
181.5
99.5
78.0
47.8
18.3
11.6
184.2
100.9
78.8
48.7
18.4
11.7
4.7
23, 596 13,346 "23, 855 12,542
15, 922 15,279 Pl4, 105 15,542
7,674 -1,932 P 9, 750 -3,000
13, 203
6,360
538
151.1
67.5
30.6
16.3
36.7
-12.7
14, 590 13, 727
14, 361 15, 637
230 -1,910
4.2
-5.2
::~:::::i
" 2, 825 2,878
P 2, 324
2,190
"13, 736 15, 695
p-492
825
P 7, 278
6,346
4,054 p4,224
1,470 p' 1,514
367
"327
684
"652
3,951
1,445
319
657
LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U.S. life insurance companies I
bil. $.. 3 177. 83 1 3 188. 64
Bonds (book value), total _.
do
3 75. 77 ! 3 79.41
Stocks (book value), total
.
.. do _
3 10.88 ; 3 13.23
Mortgage loans, total
do
3 67. 52 '!• 3 69.97
N on farm
do
3 61. 95 3 64. 17
3 5. 57
Real estate
do
3 5. 19
Policy loans and premium notes.
___ .do
3 10.06 3 n.31
3
1 68
Cash
_.
do
3 1.58
3 6. 85
3 7.47
Other assets
do
183.49
78.39
9.95
68.68
62.94
5.43
10.82
1.38
8.83
184.28
78.64
10.05
68.88
63.13
5.48
10.94
1.34
8.94
185.24
78.84
10.24
68.99
63.22
5.51
11.04
1.43
9.18
186.26
79.34
10.49
69. 18
63.40
5.53
11.13
1.44
9.15
187.55
79.70
10.67
69.37
63.59
5.56
11. 22
1.43
9.60
188.64
79.49
10.92
70.04
64.24
5.58
11.30
1.68
9.62
188.97
79.95
11.07
70.20
64.44
5.62
11.40
1.42
9.31
189. 92
80.51
11.28
70.36
64. 58
5.64
11.52
1.42
9.20
190. 83
80.74
11.48
70.48
64.69
5.67
11.70
1.38
9.38
191. 36
80.72
11.62
70.66
64.86
5.65
11.90
1.35
9.45
192. 13
80.90
11.79
70.82
64.99
5.68
12.09
1.32
9.52
192. 31
80.85
11.93
70.96
65.11
5.71
12.32
1.24
9.30
Payments to policyholders and beneficiaries in
U.S., total
mil. $._ ' 13, 293. 6 14,385.0 1,120.5 1, 198. 8 1,162.3 1, 247. 2 1, 087. 3 1,506.9 1, 293. 9 1, 206. 8 1,363.7 1,270.5 1, 240. 5 1, 287. 1
Death benefits
do
547.0
507.3
498. 6
562.2 i 616.3 i1 560. 7
542.4
499.2
5, 665. 3 6, 209. 3
547.8
466.1
541.2
589.0
Matured endowments
do
81.3
80.1
89.5
82.5
1,017.1
967.2
75.5 i 75.0
84.6
79.2
74.9
75.4
83.9
87.5
16.0
Disability payments
. . . . _ . do _
20.0
15.4
15.9 | 15.5
15.0
174. 6
195. 6
16.8 i
15.6
18.7
17.0
16.6
18.5
Annuity payments
do
127. 1
113.2
117.3
112.1
122.8
123.8 ! 127. 8
123.4
117.0 ! 110.8
127.6
1,261.3 1,401.0
151.4
i 2 243 1 9 456 4
Surrender values
. . .
do
240.0
206.4
231.1
201.4
200.5
218.6
232. 2
204.7
186.5
215. 7
238.7
221. 8
Policy dividends
. do
j 2.932.2 3,155.5
257.5
226. 8
219.3
229.1
287.7
282.4
259.4
212.3
543.0
225.7
272.7 I 249. 5
T
Revised.
* Preliminary.
Data shown in 1967 and 1968 annual columns are for fiscal years ending June 30 of2 the
respective years; revised monthly data for July 1967-Mar. 1968 will be shown later.
Includes revisions not distributed to months.
's Annual statement values.
d* See note " {" on p. S-17.
KTables showing cash transactions and administrative budget receipts and expenditures
1
have been discontinued. Data shown in the indicated sections a
nee companies will be shown later,
i
SURVEY OF CURRENT BUSINESS
September 1969
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1968
1968
Annual
S-19
July
Aug.
Sept.
1969
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
16, 276
9,859
5,853
564
10, 586
8,094
1,992
500
11, 149
8,439
2,191
519
13, 360
9,798
2,971
591
13, 947
9,632
3,770
545
12, 436
9,602
2,240
594
13, 261
9,691
3,039
531
12,104
9,053
2,560
491
Aug.
FINANCE— Continued
LIFE INSURANCE— Continued
Life Insurance Agency Management Association :J
Insurance written (new paid-for insurance):
Value, estimated total.
_ . mil. $ i 140,868 i 150,743
94,694 104, 524
Ordinary (incl. mass-marketed ord.)t do
Oroupt
--. do . i 39, 118 i 39, 591
Industrial
do
7,056
6,628
Premiums collected:
Total life insurance premiums
do
18, 052
17, 017
Ordinary (incl. mass-marketed ord.)f~-do
12, 822
13, 510
3,201
2,843
Oroupt
.- do
Industrial
_
. . .
do
1,341
1,352
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end of period). ..mil. $.. 11,982
10, 367
Net release from earmark!
do
187
-86
Exports
thous $ 1,005,199 839, 160
Imports . _ _
do
32, 547 226, 262
Production, world total
..mil. $ 2*1,410.0 2*1,420.0
South Africa
do
1,068. 7 1, 088. 0
United States .
.
do
Silver:
Exports .
thous $
Imports
.
do
Price at New York
._ _ dol. perfineoz
Production:
Canada
thous. fine oz__
Mexico
do
United States
. do
Currency in circulation (end of period)
bil. $_.
Money supply and related data (avg. of daily fig.) :0
Unadjusted for seasonal variation:
Total money supply...
bil. $
Currency outside banks...
do
Demand deposits _
do
Time deposits adjusted!
do
U.S. Government demand deposits^ ... do
Adjusted for seasonal variation:
Total money supply
do
Currency outside banks
do
Demand deposits _.
do
Time deposits adjusted!
do
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted:
Total (233 SMSA's) O- -ratio of debits to deposits.
New York SMS A
do
Total 232 SMSA's (except N.Y.)
do
6 other leading SMS A'sd"
. do
226 other SM SA's ...
do
11,325
8,409
2,387
529
12, 189
8,448
3,217
524
11, 126
8,138
2,457
531
1,510
1,119
291
101
1,514
1,129
285
100
1,429
1,072
258
99
1,567
1,192
276
99
1,425
1,084
246
95
1,833
1,243
340
249
1,519
1,165
252
102
1,493
1,137
263
93
1,560
1,181
283
96
1,555
1,170
289
95
1,531
1,161
275
96
1,536
1,159
282
96
1,580
1,192
294
94
10, 367
-49
9,199
59,648
10,367
-76
458
13, 361
10, 367
170
11, 732
18,365
10,367
36
11, 484
20, 770
10,367
92
370
16, 128
10, 367
-7
478
15, 824
10,367
-66
0
14, 292
10, 367
-28
202
15,005
10, 367
-16
192
22, 837
10, 367
48
613
24, 956
10, 367
91
358
17, 156
10, 367
-2
193
23, 742
10, 367
-11
239
8,066
90.5
7.4
91.5
7.7
93.7
8.3
92.4
7.7
87.9
7.5
83.5
7.7
83.4
7.8
86.7
7.1
89.1
89.3
90.0
91.3
8,643
8,299
1.645
8,365
5,427
1.618
50.9
51.1
103.7
53.4
94.1
53.9
100, 710
80, 178
1.550
249,973
140,435
2.145
35, 673
16, 543
2.314
17, 207
10, 844
2.195
18,806
13,421
2.208
20, 990
14, 182
1.973
11,884
11, 547
2.018
21, 529
10, 496
1.959
8,653
6,719
1.979
17,648
8,244
1.840
10, 417
9,086
. 1.826
12,424
9,450
1.778
27, 930
9,406
1.761
37, 206
3 37, 939
30, 354
47.2
45, 390
41,200
37,168
51.0
4,536
2,379
3,282
48.0
4,564
3,300
4,196
48.4
3,372
4,175
4,092
48.3
4,616
2,869
4,327
48.7
3,596
3,289
4,368
50.0
3,251
3,807
4,762
51.0
3,176
3,211
3,569
3,387
4,140
5,529
49.0
4,723
49.0
5,233
49.5
49.6
50.4
' 176. 5
39.4
' 137. 1
173.3
5.1
' 188. 4 ' 188. 0 ' 187. 8 ' 189. 7 '191.8 ' 194. 8 ' 200. 7 ' 201. 3 '194.3 '194.4
42.0
42.7
43.8
42.4
42.7
44.3
42.9
43.7
43.5
43.4
' 146. 4 ' 145. 7 ' 145. 2 ' 147. 0 ' 149. 0 '151.2 '156.4 ' 157. 8 '150.9 ' 150. 7
192.2
196.2
194.4
202.5
202.1
202.0
200.7
190.8
199.1
201.6
4.5
5.6
5.9
4.8
5.7
5.5
6.1
4.2
4.7
6.6
' 190. 2 '191.2 ' 190. 6 ' 191. 5 ' 193. 3 ' 194. 5 '195.4
42.7
43.4
42.2
42.6
42.8
43.2
43.6
' 148. 0 ' 148. 6 ' 147. 9 ' 148. 7 ' 150. 1 '151.1 '151.9
190.4
196.6
193.8
204.3
199.5
202.5
201.9
56.7
120.8
40.1
53.4
34.5
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade and SEC):
Net profit after taxes, all industries
mil. $. . 29, 008
Food and kindred products.. _
do
2,130
Textile mill products
do
540
Lumber and wood products (except furniture)
mil. $__
333
Paper and allied products... .
do
796
Chemicals and allied products
do
3,261
Petroleum refining
...
do
5,497
Stone, clay, and glass products...
do
672
Primary nonferrous metal.
do
1,061
Primary iron and steel
do
1,165
Fabricated metal products (except ordnance,
machinery, and transport, equip.) ... mil. $
1,316
Machinery (except electrical)
do
2,893
Elec. machinery, equip., and supplies... do
2,297
Transportation equipment (except motor
vehicles, etc.)
mil. $
809
Motor vehicles and equipment
do
2,356
All other manufacturing industries
do_.~_
3,884
Dividends paid (cash) , all industries
do
13, 262
Electric utilities, profits after taxes (Federal Reserve)t
.
mil $
2,908
62.9
136.5
43.4
59.7
36.6
64.3
140.3
43.7
59.9
37.0
65.2
147.7
43.7
60.8
36.5
64.7
144.7
43.8
61.3
36.7
66.3
143.1
45.6
64.4
37.7
66.5
144.6
44.9
63.0
37.4
65.9
147.7
44.5
61.1
37.5
64.9
137.0
46.1
66.3
37.7
' 195. 7 ' 195. 9 ' 197. 5 '197.4 ' 198. 2 ' 199. 2
44.2
'45.1
44.6
44.2
44.9
43.9
'151.8 '151.7 ' 153. 3 ' 152. 9 153.3 '154.1
201.0
200.1
200.8
199.2 ' 195. 8
201.0
198.4
45.3
153. 1
193.3
67.8
145.4
47.4
67.8
39.1
65.8
143.1
46.1
64.5
38.9
65.9
138.2
46.8
66.1
39.2
68.7
146.6
48.0
67.3
39.7
68.6
143.3
48.4
68.4
40.1
8,718
597
178
7,929
506
138
8,925
580
173
635
889
3,525
5,794
769
1,149
1,186
179
211
852
1 442
254
269
177
170
246
891
1 461
196
349
262
201
225
886
1,468
107
321
293
229
265
961
1 480
263
371
348
1,320
2,947
2,518
349
745
605
347
765
760
310
697
625
369
930
653
1,025
3,222
4,229
14, 189
237
396
1, 150
3,262
265
1,007
1,224
4 064
274
855
1,019
3,606
254
821
1,230
3,797
3,002
764
733
873
707
3,294
5,587
1,604
499
25
2,828
1,301
425
41
1.653
195.1
45.4
149.7
193.8
4.0
7 635
590
180
6,111
10, 367
' 198. 5 ' 193. 7 ' 196. 3 ' 197. 1
44.3
45.3
44.8
43.9
'154.6 ' 149. 5 ' 151. 5 '151.8
200.9
201.6
199.6 ' 196. 2
8.8
5.3
5.7
5.1
32, 069
2,209
654
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total
... mil. $
9,759
68, 514
65, 562
3,819
4,913
By type of security:
Bonds and notes, total. _
do
9,363
65, 670
60, 979
3,421
4,541
Corporate.
do
21,954
1,159
17, 383
1,037
1,771
Common stock
do
1,959
3,946
303
286
397
Preferred stock
do
885
637
93
86
1
By type of issuer:
Corporate, total 9
do. .
24, 798
21, 966
1,432
2,143
1,557
Manufacturing
do
11,058
6,979
362
843
453
Extractive (mining)
..
do
587
594
21
70
27
Public utility..
do'""
446
4,935
5,281
239
475
Railroad.-.
do
11
286
246
20
5
Communication
do
1,979
1,766
239
95
156
Financial and real estate
...do....
2,433
201
142
2,820
197
r
Revised.
p Preliminary.
i Includes coverag e on Fed eral em pi oyees of $8.3 bil. in
Dec. 1967 and $3.4 bil. in Nov. 1968. 2 Estimated" excludes IJ.S.S.R., other Ea stern Eu ropean countries, China Mainland, and North Korea
3 Inchides revis ions not distribu ted
to months.
J Revisions for Jan. 1966-Mar. 1968 for insurance \v ritten, foi• Jan.-JulV 1967 fo r premiu ms
collected, and for 1966-67 for electric utilities profits v -ill be sho wn later,
t Beg inning 0 ct.
1968 SURVEY, mass-marketed ordinary, formerly cc mbined \vith grou p is incl iided un ier
13,546 115,695
8,882
9,831
3,162 i 6, 278
553
535
3,812
4,284
4,087
3,514
' 5, 780 ' 4, 608
3,330
1,572
464
19
3,825
1,616
393
67
3,278
1,237
736
72
2,759
1,344
657
98
' 4, 950
'1,917
'762
68
'3,914
'1,382
'684
'10
68.3
138.6
49.1
70.9
40.3
4,006
3,261
1,736
694
50
i
2,480
641
163
702
41
191
298
§ Or increase
ordina ry insure nee; mon thly dat a, availab le on new basis be ginning J an. 1965.
in ear marked £;old (-)
©Se ries revi ;ed to re fleet the change i n accoui iting procedures
ct new Benchmarks and
associf ited witl i Euro-d 3llar trarisactions ; further revision s to re fie
1f i\.t all co mmereial banks,
change3s in seasonal fact ors will 1)e shown in the n ear futu re.
c? Includes
OToteil SMSA s include} some c ties and counties not desi gnated a s SMSA s.
Bostoii, Philac ielphia, f Chicago, Detroit , San F rancisco- Oakland and L<3S Angeles-Long
Beach
9 In eludes d cita not silown sep arately.
2,129
640
66
674
39
115
234
1,767
421
74
443
50
163
249
2,055
651
104
319
9
41
522
2,075
403
150
627
13
186
232
2,045
513
260
315
26
56
272
2,098
491
168
404
44
232
274
'2,748 ' 2, 076
'569
'513
' 115 '229
'392
'784
8
21
197
44
'273
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
| 1968
Annual
September 1969
1968
Aug.
July
Sept.
1969
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
FINANCE-nContinued
SECURITIES ISSUED— Continued
Securities and Exchange Commission— Continued
Estimated gross proceeds—Continued
By type of issuer— Continued
Noncorporate, total 9—
-- -mil. $..
U S Government
_-do
State and municipal
- do_ ..
New corporate security issues:
Estimated net proceeds total
Proposed uses of proceeds:
New money, total
Plant and equipment
Working capital
Retirement of securities
Other purposes
43, 716
19, 431
14,288
43, 596
18, 025
16, 374
2,770
417
1,422
8,326
5,850
1,666
2,262
361
1,423
24,409
2,097
1,397
1,513
22, 230
_ _ _ do
do__ . 16, 154
6,076
do
312
do
1,867
do
1, 985
1,143
841
6
106
1,074
744
330
3'
320
1,281
912
370
15
216
do
State and municipal Issues (Bond Buyer) :
Long-term
_
Short-term
-
3,982
430
2,260
1,527
379
1,037
1,758
377
1,138
2,209
427
1,244
2,041
443
974
974
837
520
783
1,056
9,148
3,647
1,416 ' 3, 032
382
412
520
1 627
2,533
410
1 088
1,525
419
710
1,627
1 292
1 088
905
763
710 ' 1, 052
1,099
1 072
'627
1,063
8,318
3,294
965
8 044
3' 077
975
988 ' 1, 019
8 474 ' 8 214 7 515
3 084 ' 3 084 2 783
14, 288
8,025
16, 374
8,659
1,422
673
1,666
835
1,423
459
2,260
856
1,037
975
1,138
576
1,244
640
i 791
i 7, 948
12,763
»1 1,002
9, 790
i 3, 717
977
8,861
3,269
885
8,489
2,984
964
8,723
3,126
1,024
8,859
3,407
1,064
9,029
3,419
1,002
9,790
3,717
1,054
'9 042
3,597
81.8
100.5
76.4
93.4
76.1
95.2
78.1
95.9
78.4
93.9
77.0
92.7
75.7
91.2
73.0
88.5
72.5
88.0
72.1
86.4
71.0
83.7
70.1
84.2
70.2
82.3
68.8
78.6
68 2
78.5
68.4
76.1
76.55
72.33
73.99
74.48
73.95
72.44
71.27
68.47
67.61
66.55
64.90
67.73
66.68
64.84
64.75
65.18
6, 087. 43 5, 669. 52
5, 393. 60 5, 458. 55
388. 82
375. 37
364. 07
343. 50
397. 77
397. 81
522. 32
533 78
501.27
474. 36
586. 72
555. 81
498. 22
517 50
399. 88
409 00
388. 20
426. 23
406 63 '422 50
446 13 '438 10
370 70
410 63
330 44
393 16
5, 428. 00 4, 401. 94
4, 862. 48 4, 447. 68
313. 26
317. 38
286. 17
277. 57
304. 64
323. 61
406. 30
430 97
395. 10
383. 79
448. 22
456. 37
389. 95
409 21
303. 99
319 45
306. 40
345. 57
320 97
360 38
299 98
333 90
288 21
331 35
269 23
324 81
New York Stock Exchange, exclusive of some
stopped sales, face value, total
mil. $_. 3,955.54 3, 814. 24
269. 07
252. 18
305. 18
363. 54
343. 20
387. 20
344. 56
289. 19
280. 23
325. 13
289. 74
300. 46
293. 42
245. 99
do
do.
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)
-
mil. $
do
do
Bonds
Prices:
Standard & Poor's Corporation:
Industrial, utility,
and railroad (A A A issues):
Composited1
dol. per $100 bond-Domestic municipal (15 bonds)
dol _ _ _
U.S. Treasury bonds, taxable^
do
Sales:
Total, excl. U.S. Government bonds (SEC):
All registered exchanges:
Market value
mil. $
Face value
do
New York Stock Exchange:
Market value
. . do _
Face value
do
Yields:
Domestic corporate (Moody's)
percent.By rating:
Aaa
do
Aa _
do
A
do
Baa
do
By group:
Industrials
_
.
_ _ do __
Public utilities
do
Railroads _
do
Domestic municipal:
Bond Buyer (20 bonds)
do _ _ .
Standard & Poor's Corp. (15 bonds)
do
U.S. Treasury bonds, taxable©
25.82
6.51
6.57
6.37
6.35
6.43
6.56
6.80
6.89
6.93
7.11
7.17
7.10
7.27
7.39
7.37
25.51
5.66
5.86
6.23
6.18
6.38
6.54
6.94
6.24
6.45
6.60
6.98
6.02
6.25
6.38
6.82
5.97
6.23
6.39
6.79
6 09
6.32
6 47
6.84
6.19
6.45
6.59
7.01
6.45
6.66
6.85
7.23
6.59
6.73
6.93
7.32
6 66
6.77
6 97
7.30
6.85
6.95
7.13
7.51
6
7
7
7
6
6
7
7
6
7
7
7
7
7
7
7
08
24
40
84
6.97
7.23
7 41
7 86
5.74
5.81
25.89
6.41
6.49
6.77
6.50
6.53
6.82
6.26
6.30
6.72
6.24
6.27
6.70
6.34
6 39
6 72
6.47
6.58
6.78
6.72
6.85
6.97
6.78
7 02
6.98
6.82
7 05
6 98
7.02
7.23
7.16
7 07
7 26
7 25
6 99
7 15
7 27
7 16
7 3g
7 37
7 29
7 49
7 50
7 29
7 40
7 57
3.96
3.98
4.47
4.51
4.11
4.36
4.38
4.31
4.36
4.47
4.56
4.56
4.64
4.68
4.85
4.91
4.91
4.95
5.04
5.10
5.25
5.34
5. 10
5.29
5.60
5.47
5.68
5.83
5 93
5.84
6.26
6.07
4.85
5.25
5.09
5.04
5.09
5.24
5.36
5.65
5.74
5.86
6.05
5 84
5 85
6 06
6 07
6 02
8.26
9.03
4.34
4.62
5.35
7.82
8.53
9.24
4.50
4.55
5.82
8.62
8.49
9.20
4.50
4.55
5.78
8.08
8.52
9.23
4.50
4.55
5.78
9.00
8.52
9.23
4.55
4.55
5.89
9.00
8.56
9.25
4 55
4 55
5.89
9.24
8.78
9.55
4.56
4.62
6.09
9.86
8.78
9.57
4.58
4.62
6.14
9.86
8.86
9.67
4.58
4 62
6.14
9.86
8.90
9.72
4 58
4 62
6 14
9.86
8.91
9.73
4 59
4 62
6 23
9.86
8.93
9 77
4 59
4 62
6 23
9 86
8.95
9 78
4 61
4 63
6 37
9 86
9.03
9 90
4 61
4 66
6 37
9 86
'9.03
9 90
4 61
4 66
6 37
9 86
9.03
9 90
4 62
4 67
6 41
9 86
do _.
do
do
do
246. 54
290. 05
101.87
95 91
264. 62
315. 86
98.37
101. 00
264. 13
314. 45
99.76
100 77
266. 57
317. 73
99.25
101 90
275. 62
328 32
98 50
109 77
percent..
do
do
do
do .
do
3.35
3.11
4.26
4.82
3. 87
3.47
'3.22
2.93
'4. 57
'4.60
'3.40
'3.10
3.21
2.93
4.51
4.52
3.17
2.85
3.20
2.90
4.53
4.47
3.24
3.00
3.09
2.81
4 62
4.15
3 28
2.66
- - do
89
02
21
54
79
96
12
52
98
12
28
70
Stocks
Dividend rates, prices, yields, and earnings, common stocks (Moody's):
Dividends per share, annual rate, composite
dollars _.
Industrials
.
_ _ __ _ do
Public utilities
do
Railroads
do
N.Y. banks.. _
do
Fire insurance companies
do
Price per share, end of mo., composite
Industrials
Public utilities..
Railroads
Yields, composite
Industrials... ._ _
Public utilities
Railroads __ _ _
N.Y. banks
Fire insurance companies. ..
Earnings per share (indust., qtrly. at ann. rate;
pub. util. and RR., for 12 mo. ending each qtr.)'
Industrials...
_ _ _ _ _ dollars
Public utilities
do
Railroads
_._do
15.78
15.76
17.62
6.67
'6.67
6.73
6.74
7.17
7.51
2
' Revised.
1 End of year.
Beginning Dec. 18,1967, Aaa railroad bonds not included.
9 Includes data not shown separately.
cfNuinber of bonds represented fluctuates; the change in the number does not affect the
277. 91 289. 86
329 50 343. 13
98 83 107. 33
109 53 115 18
3.08
2.81
4.60
4.15
3.01
2.69
3.03
2.78
4.25
4.01
3.07
2.83
276. 28 273. 42
326. 90 321 13
104. 04 106. 49111.24 ' 114 80
262
309
101
106
20
17
51
17
271. 57
324 26
99 88
104 88
3.18
2.93
4.40
4.15
'3.26
2.76
'3.39
3.14
4 51
4 35
3.54
3.02
3.28
3 00
4 60
4 41
3 42
3.25
'3.24
3.01
4 30
'4 02
3.21
2.85
277
330
99
102
63
61
64
33
3.22
2 96
4 61
4 51
3 49
3 27
277
330
99
100
23
32
81
84
3.23
2 96
4 62
4 59
3 70
3.18
264
315
94
92
58
83
53
40
3.41
3 13
4 88
5 04
3 91
3 62
249
296
92
85
38
79
47
98
259
310
91
87
3.62
3 34
4 99
5 42
4 28
3 99
20.17
18 34
17 68
'6.67
6.74
6 81
7.51
7.93
continuity of the series.
^Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.
OFor bonds due or callable in 10 years or more.
67
95
13
16
3.48
3 18
5 07
5 36
3 80
3 87
September 196&
SURVEY OF CUREENT BUSINESS
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
I 1968
1969
1968
Aug.
July
Annual
S-21
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks— Continued
Dividend yields, preferred stocks, 10 high-grade
(Standard & Poor's Corp.)
percent-Prices:
Dow-Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks)
Railroad (20 stocks)
_
Standard & Poor's Corporation :d"
Industrial, public utility , and railroad:
Combined index (500 stocks)
1941-43 =10. _
5.34
5.78
5.74
5.59
5.63
5.76
5.82
5.93
5.93
5.94
6.09
6.14
6.20
6.33
6.42
6.45
314. 79
879. 12
132. 65
242. 38
322. 19
906.00
130. 02
250. 09
327. 41
905. 32
133. 11
259. 95
318. 15
883.72
131. 15
249. 52
329. 15
922. 80
130. 80
258. 53
340.25
955. 47
130. 40
270. 41
344.39
964.12
137. 57
270. 51
347. 57
968. 39
138. 26
275. 36
337.64
934. 99
135. 62
268. 78
337. 85
931. 29
136. 89
269. 75
322. 11
916. 52
130. 90
245. 26
320. 24
927. 38
129. 14
238. 01
325.88
954.86
130. 83
238. 15
305. 86
896. 61
124.48
221. 99
286.41
844. 02
120. 40
202. 88
279. 78
825. 46
115. 76
199.24
91.93
98.70
100.30
98.11
101.34
103. 76
105. 40
106. 48
102.04
101.46
99.30
101. 26
104.62
99.14
94.71
94.18
99.18
96.96
79.18
68.10
46.72
107. 49
105. 77
86.33
66.42
48.84
109. 16
108. 12
88.38
67.55
51.01
106. 77
104. 92
85.73
66.60
48.80
110. 53
107. 57
88.46
66.77
51.11
113. 29
108. 48
91.36
66.93
54.26
114. 77
109. 75
92.04
70.59
53.74
116. 01
111. 44
91.91
70.54
55.19
110. 97
106. 56
87.69
68.65
54.11
110. 15
105. 47
87.93
69.24
54.78
108.20
103. 76
86.69
66.07
50.46
110. 68
105 54
88.21
65.63
49.53
114. 53
108. 66
91.57
66.91
49.97
108. 59
102. 68
88.12
63.29
46.43
103. 68
100. 55
83.04
61.32
43.00
103. 39
100. 90
83.44
59.20
42.04
Banks:
New York City (9 stocks)
do
Outside New York City (16 stocks).... do..
36.40
66.46
44.69
81.71
48. 58
85.91
47.38
84.74
46.99
84.59
49.65
89.83
52.46
98.15
50.99
99.19
49.49
92.57
49.52
94.50
46.10
90.89
47.04
93.39
46.69
92.78
43.55
85.81
41.98
82.49
41.87
80.41
Fire and casualty insurance (16 stocks)., do..
62.29
73.64
78.11
78.11
82.97
96.19
95.35
98.30
95.51
96.80
88.29
86.47
86.04
79.17
74.54
72.83
New York Stock Exchange common stock indexes:
Composite
12/31/65=50..
Industrial
...
do
Transportation
do
Utility
_
_
do
Finance
do
50.77
51.97
53.51
45.43
49.82
55.37
58 00
50.58
44.19
65 85
56.41
59.12
51.59
44.69
68.90
55.04
57.59
49.01
44.09
68.19
56.80
59.57
51.94
44.53
71.77
58.32
61.07
55.24
45.22
77.50
59.44
61.97
55.96
47.18
79.55
60.32
63 21
57.30
46.73
79.00
57.82
60.32
56.35
45.64
75.58
57.33
59 61
56.18
45.98
75.26
55.69
58.30
51.52
44.06
70.60
56.61
59.41
50.88
44.34
72.38
58.50
61.50
50.46
45.75
75.10
55.20
58.07
47.70
43.39
68.62
52.40
55.00
42.80
42.31
64.56
52.09
54.85
41.45
41.34
65.29
161 746
4,504
196 358
5 312
16, 529
444
14, 038
376
13,735
38«
18, 560
479
16 165
412
18 864
508
17, 957
515
r
15, 187 r 13,234 r 13,911 •• 18,189 14,894
502
422
379
366
407
12, 685
359
125, 329
2 ggG
144 978
3 299
12, 373
283
10, 493
244
9,868
231
13, 727
305
11, 979
261
13 844
314
13, 056
305
11 007
247
9,755
237
10, 094
239
13, 081
305
10,847
264
9,561
240
2 530
2 932
243
194
228
272
252
268
267
210
199
237
257
235
228
202
605. 82
11, 622
692. 34
13, 196
628. 88
12, 440
640.17
12, 626
668. 36
12, 714
676. 18
12, 891
716. 40
13,042
692. 34
13, 196
689.24
13, 326
654. 51
13,448
672. 59
13, 657
691. 07
13, 806
693. 14
14, 050
650.50
14,400
611.15
14, 505
641. 58
14, 761
Industrial, total (425 stocks) 9
Capital goods (130 stocks)
Consumers' goods (181 stocks) . _ .
Public utility (55 stocks). ,.
Railroad (20 stocks)
_
do.__.
do
do
do....
do
Sales:
Total on all registered exchanges (SEC):
Market value
mil $
Shares sold _ .
millions
On New York Stock Exchange:
Market value
mil $
Shares sold (cleared or settled)
millions
New York Stock Exchange:
Exclusive of odd-lot and stopped stock sales
(sales effected)
millions
Shares listed, N.Y. Stock Exchange, end of period:
Market value, all listed shares
bil. $
Number of shares listed
millions..
FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Value
Exports (mdse.), incl. reexports, total
Excl. Dept. of Defense shipments
Seasonally adjusted
By geographic regions:
Africa
Asia. _
Australia and Oceania
Europe
do
do
do
do
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
mil. $..31, 526. 2 134,635.9 2,733.9 2,857.3 2,990.2 2,780.5 3,193.4 3,094.7 12,111.3 2, 179. 1 3, 418. 0 3, 565. 9 3, 594. 8 3, 170. 0 3, 045. 6
do
30, 934. 4 134,062.8 2,674.8 2,803.6 2,947.0 2,732.0 3,133.5 3,045.6 12,056.7 2, 144. 7 3, 366. 7 3, 506. 9 3, 543. 3 3, 099. 9 2, 997. 9
do
2,858.0 2,949.5 3,211.1 2,631.1 2,972.3 2,977.4 12,093.3 2, 296. 7 3, 196. 0 3, 354. 7 3, 291. 8 3, 212. 8 3, 171. 5
-.
.
Europe:
France
East Germany
West Germany
Italy _
Union of Soviet Socialist Republics
United Kingdom
North and South America:
flnnnrln
r
1, 182. 3 1, 269. 5
7, 146. 3 7, 579. 6
1, 017. 4 1,025.9
10, 297. 7 11, 151. 3
100.1
110.3
115.8
609.8 628.1
586.4
73.3
92.5
98.6
880.6 1, 000. 3 1,011.6
94.6 142.2
702.8 i 410. 9
77.2 152.3
996.5 i 657. 7
144.7
145.8
126.4
48.7
767. 9
804.4
718.5
400.4
90.0
122.7
93.2
36.8
702.8 1, 182. 3 1, 179. 7 1, 237. 3
125.5
710.0
67.5
991.4
131.2
691.7
78.4
999.2
702.3 i 687. 6
236.1 1 158. 9
265.5 1 101. 8
687.3
179.2
123.8
788.9
243.0
265.7
794.3
243.9
275.1
836.3
247.2
271.4
788.3
226.7
260.6
655.2
228.7
261.2
do
do
do
7, 165. 9
2, 362. 7
2, 354. 0
8,059.8
2, 585. 0
2, 742. 2
594.1
214.7
250.3
565.9
212.6
249.1
661.2
213.0
256.4
769.5
211.7
184.0
791.5
221.3
277.4
do
do
66.0
426.4
48.4
455.2
3.4
36.5
2.2
43.3
3.3
36.3
11.1
36.3
3.1
43.1
3.9
32.9
11.4
119.9
1.0
24.0
3.5
49.1
8.3
52.7
5.3
43.8
13.9
40.4
7.0
44.0
do
do
do
do
895.4
955.4
347.3
49.2
874.9
717.6
301.9
53.6
59.6
43.7
18.6
4.3
81.8
52.1
24.2
4.5
79.3
40.6
29.1
3.9
67.3
33.9
28.5
3.7
66.9
51.0
33.2
3.8
66.4
62.7
28.6
4.2
147.2
U8.7
18.6
11.8
29.9
11.7
3.8
1.9
86.5
48.9
19.4
4.1
107.6
57.5
17.9
6.1
76.8
60.3
13.2
39
58.0
69.5
16.2
4.7
67.4
77.8
12.9
3.9
do
do
do
68.4
430.4
2, 695. 0
169.2
436.3
2, 949. 8
8.5
34.0
230.3
9.9
36.6
247.4
12.5
40.5
249.9
12.6
24.3
223.7
23.3
32.3
276.7
23.5
28.8
274.9
18.7
120.6
1 193. 2
4.6
22.9
211.7
10.0
45.6
285.7
16.8
41.7
300.0
19.6
39.3
293.1
20.6
31.3
264.4
16.7
30.1
274.0
do
do
do
1, 024. 5
26.3
1, 705. 7
1, 077. 7
29.2
1,711.8
81.7
.5
134.4
82.2
3.7
162.2
84.7
2.9
158.5
79.6
1.3
133.1
102.2
3.4
142.3
95.7
4.0
160.0
158.5
1.2
191.2
76.7
1.2
101.5
123.9
2.5
178.5
124.6
2.1
182.2
124.6
2.1
243.5
90.1
1.4
159.8
94.9
3.7
169.1
do
do
do
972.8
60.3
1, 959. 6
1, 119. 6
57.5
2, 179. 7
103.3
4.6
162.9
99.3
6.9
182.5
88.2
2.2
201.3
86.6
2.4
204.9
93.4
6.9
223.6
100.6 158.0
14.1
6.0
186.0 i 162. 3
78.3
5.5
125.3
114.1
10.0
229.3
103.7
8.4
208.8
130.2
10.8
231.5
97.5
7.5
197.7
101.5
5.8
163.6
rviil *
7 1RA 7
Q AKQ 9
KClA
*fi5 Q
fiftl O
7AQ A.
1
Revised.
i Beginning Jan. 1969, data cover shipments of silver ore, base bullion
(incl. sweepings, waste, and scrap), and refined bullion, formerly excluded. The 1968 annuals,
and monthly data beginning Jan. 1968, for total exports and imports only have been restated to
94.2
109.6
543.4
690.0
80.8
78.5
879.9 1, 016. 0
83fi a
788.2
7no i 1 fi«7 ft
Rfi7 3
788 8
7(U 3
7Q1 R
fi/55. 2
reflect the revised coverage.
d"Number of stocks represents number currently used; the
change in number does not affect continuity of the series.
9Includes data not shown
separately.
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1969
1968
| 1968
Annual
September 1965*
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
431.3
30.3
66.9
25.2
30.7
117.2
66.5
433.4
32.2
76.0
29.6
22.4
119.0
61.7
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
Exports (mdse.), inch reexports— Continued
By leading countries— Continued
North and South America— Continued
Latin American Republics, total 9
mil. $.. 4,123.5
230.1
Argentina
do
547.2
Brazil
. .do
Chile
do
248.1
217.9
Colombia
do
1, 221. 6
Mexico
do
587.2
Venezuela
do
Exports of U.S. merchandise, total
Excluding military grant-aid
Agricultural products total
Nonagricultural products , total
do
do
do
do
By commodity groups and principal commodities:
Food and live animals 9
mil. $
Meats and preparations (incl. poultry). .do
Grains and cereal preparations
do
4, 689. 2
281.4
708.6
307.1
319.1
1,364.6
655.0
410.7
25.5
64.7
38.3
28.2
111.4
55.4
404.5
21.8
74.6
29.0
26.8
105.7
54.3
410.5
30.7
65.0
32.4
22.8
97.9
63.5
345.4
18.6
40.3
17.7
26.8
118.3
53.5
436.8
41.3
87.0
24.7
29.7
112.5
60.7
447.8 i 222. 9
35.7 1 11. 8
71.0 122.6
29.4
19.3
25.3 110.0
127.9 i 101. 8
63.9 136.2
256.7
17.8
26.5
8.8
10.8
102.5
39.1
440.5
40.1
66.3
32.9
23.0
120.7
62.0
450.7
34.1
67.8
28.1
33.3
117.8
68.7
450.6
33.0
62.0
26.9
32.3
120.6
73.2
31, 142. 1 1134,199.0 2,698.6 2,818.6 2,955,6 2,734.1 3,158.9 3,056.3 12,071 5 2, 146. 8 3, 372. 8 3, 516. 6 3,550.2 3,122.6 3,003.2
30, 550. 2 33,626.0 2,639.5 2,764.9 2,912.4 2,685.6 3,099.0 3,007.2 12,016 8 2, 112. 4 3, 321. 5 3, 457. 6 3, 498. 6 3,052.4 2, 955. 5
583.7
516.9
601.9
512.3 499.8
489.2
239.6
463.9
6, 379. 8 6, 228. 0
469.7
609.5
610.8
177.7
465.8
24,762.3 127,753.7 2, 198. 6 2, 313. 4 2, 481. 1 2, 253. 9 2, 541. 0 2,445.3 11,893.8 1, 907. 2 2, 855. 9 2, 914. 7 2,966.5 2, 610. 2 2, 503. 4
4, 060. 9
151.3
2, 677. 9
3,889.6
161.6
2, 463. 1
297.0
10.3
183.4
325.9
15.3
197.9
289.4
16.6
167.0
278.2
15.4
150.4
336.3
21.6
200.4
168.2
12.2
81.1
322.9
18.3
174.8
350.4
17.3
204.7
362.8
21.7
214.5
354.1
15.8
209.5
333.0
15.9
211.1
366.3
16.9
237.8
129.5
10.8
53.0
76.1
13.5
12.6
52.2
45.5
74.1
69.7
53.2
325.4 1 139. 1
33.2
7.2
101.9
2.9
38.5 125.6
176.8
6.5
31.3
30.3
298.7
14.8
100.0
40.8
384.4
64.1
94.0
61.0
343.1
41.3
63.1
66.9
262.9
23.2
37.0
64.2
301.0
36.1
49.2
71.7
93.8
56.1
34.0
Beverages and tobacco
do
648.7
702.5
48.5
73.0
88.1
45.6
82.5
Crude materials inedible, 3xc. fuels 9
Cotton, raw, excl linters and waste
Soybeans, exc. canned or prepared
Metal ores , concentrates , and scrap
do
do
do
do
3, 279. 7
463.8
771.6
519.5
3,540.7
459.4
810.0
i 539. 2
274.1
43.4
47.5
36.0
268.1
24.4
47.8
44.5
268.8
30.5
38.4
51.2
286.0
17.9
88.2
39.4
352.7
22.2
132.3
50.6
___do
do
do
1, 104. 1
501.4
538.6
1,049.9
523.9
460.0
90.3
42.3
41.4
101.8
58.3
39.4
106.0
54.3
46.8
77.6
38.4
34.4
91.8
46.8
39.7
90.0
46.5
40.1
73.8
42.4
25.5
61.3
34.0
23.4
76.1
33.5
33.7
95.0
49.1
40.3
110.6
64.3
42.3
107.8
62.3
41.3
do
337.9
274.4
20.2
20.2
25.0
21.1
20.1
28.5
14.0
15.3
22.2
31.5
25.4
28.9
27.1
Mineral fuels, lubricants, etc. 9
Coal and related products
Petroleum and products
Animal and vegetable oils, fats, waxes
Chemicals
do
2, 801. 6
3,287. 0
278.8
304.7
334.9
246.6
272.8
276.7
166.6
181.8
300.5
331.0
335.9
286.7
298.5
Manufactured goods 9
Textiles
Iron and steel
do
do
do
3, 391. 1
530.9
561.9
516.8
3,939. 4
522.3
610.2
331.0 « 333. 8
40.1
44.9
46.5
47.8
56.4
57.8
394.1
51.1
63.3
72.0
329.5
39.1
55.7
55.1
358.7
46.0
65.1
62.4
346.7 i 214. 9
42.4
24.0
66.9
34.7
54.6 134.8
243.9
30.5
38.1
36.6
409.4
60.0
78.3
58.8
406.2
54.3
78.4
63.6
430.1
56.2
81.0
57.8
375.2
47.2
72.5
62.2
374.8
43.9
81.8
62.2
1,196.1 1,178.2
1,382.3
Machinery and transport equipment,
leoo.s
total
mil. $„. 12, 574. 1 14,447.4
1,275.1 1, 095. 6 1,071.2 1, 539. 6 1, 572. 9 1,557.4 1,326.0 1, 244. 5
941.8
815.1 805.6
554.4
943.1
590.3
718.5
931.2
55.3
70.0
59.1
35.7
45.0
63.6
55.3
70.7
26.3
32.3
29.1
16.3
16.2
38.3
21.8
28.7
116.4
117.5
105.8
57.2
94.2
67.6
110.9
120.6
213.5
261.2
215.5
165.2
168.7
249.2
194.4
238.8
1,116.9
1,122.2
Machinery total 9
Agricultural
Metalworking
Construction excav and mining
Electrical
do
do
do
do
do
8, 050. 6
614.7
338.9
1, 038. 1
2, 098. 2
8, 606. 4
626.7
333.8
1, 099. 1
2,284. 0
692.6
54.0
28.9
96.6
180.8
705.9
45.2
28.6
94.6
190.2
734.3
51.8
23.6
98.2
194.2
703.8
49.8
22.0
83.8
199.7
761.8
54.3
24.0
97.2
199.1
Transport equipment, total
Motor vehicles and parts
do
do
4, 523. 5
2, 733. 9
5,850. 1
3, 372. 3
424.3
214.9
416.9
198.0
465.5
284.7
475.3
307.1
621.9
353.0
558.0
318.8
541.2
284.7
481.0
264.1
596.5
351.4
641.6
345.9
615.6
357.3
511.0
317.4
438.9
235.0
do
1, 985. 4
2,144.2
170.0
190.5
181.9
183.5
192.5
174.1
149.5
159.6
241.2
224.0
223.2
195.7
197.3
75.7
87.5
115.6
80.2
Miscellaneous manufactured articles
Commodities not classified
General imports, total
Seasonally adjusted.
By geographic regions:
Africa ._
Asia
Australia and Oceania
Europe
do
_
do
do
958.8
924.0
71.7
26, 812. 3 133,226.3 2,826.7
2,725.1
78.6
71.3
87.8
69.2
2,750.6
2,871.9
2,879.6
2,950.6
2,935.5
2,736.0
2,803.8
2,883.0
97.3
75.0
56.1
110.0
3,010.2 12,025.9 2,401.4 2, 993. 0 3,334.3 3, 236. 5 3, 216. 2 3, 153. 9
2,907.6 12,018.1 2, 655. 3 2, 980. 7 3, 177. 2 3, 276. 1 3, 187. 5 3, 066. 3
do
do
do
do
906.1 1, 120. 9
5, 347. 9 6, 913. 5
581.5
693.5
8, 227. 5 10, 331. 6
90.0
636.6
61.2
883.0
80.9
652.7
75.9
892.0
98.8
653.1
67.1
884.9
76.4
630.4
72.3
836.7
83.1
604.1
65.9
863.1
93.8 139.7
616.6 i 405. 8
35.6 128.9
917.3 i 443. 4
74.0
532.4
29.9
603.2
96.1
100.4
107.3
720.5
675.7
770.0
62.1
83.2
80.6
833.2 1, 020. 6 1, 036. 4
80.7
726.1
66.6
977.3
90.1
770.1
81.7
991.9
do
do
do
7, 112. 3
1, 967. 8
2, 661. 1
8, 929. 3
2, 234. 7
2, 880. 2
703.2
187.9
249.2
615.7
179.0
242.3
728.6
175.0
260.7
905.8
172.2
229.4
791.4
171.3
215.2
870.3 i 776. 7
201.8 1192.1
280.4 1138.1
776.0
191.0
193.5
844.4
226.7
227.9
882.0
235.2
236.6
878.7
231.9
208.9
913.7
218.8
232.6
778.0
206.0
235.4
do
do
14.9
225.9
32.8
253.1
3.8
17.9
4.6
17.8
3.3
16.0
2.7
17.6
2.7
17.6
12.5
110.8
2.8
14.3
4.4
25.9
4.5
19.8
2.5
24.4
2.5
21.3
3.2
19.4
do
do
do
do
do
do
do
411.8
293.7
54.8
195.6
181.9
380.2
2 998 7
492.0
312.2
63.9
240.1
174.5
435.1
4, 056. 6
42.2
24.2
6.4
17.4
18.6
43.0
366.6
56.3
26.2
4.5
18.5
12.4
45.2
402.9
42.3
31.1
7.6
30.0
18.5
22.3
379.8
50.2
25.5
4.5
21.0
12.8
30.5
384.2
52.9
27.0
4.9
22.3
14.9
30.5
363.5
24.7 122.5
25.2 i l l . O
7.4
12.0
22.5 117.3
16.5 U0.6
40.2 i 15.8
366.1 i 244. 0
24.4
22.7
4.6
28.3
16.0
29.5
294.8
59.5
46.2
11.4
27.0
16.3
37.5
367.0
46.4
36.8
6.8
31.6
20.4
54.2
450.9
43.2
28.9
5.3
26.0
16.1
28.4
437.6
46.9
27.6
6.1
22.2
14.8
40.0
422.1
60.0
30.7
6.5
22.9
18.0
37.0
467.3
do
do
do
do
do
do
690.2
5.6
1, 955. 4
855.6
41.0
1, 709. 8
842.2
5.9
2, 720. 2
1, 102. 0
58.0
2, 047. 9
81.6
.5
224.8
92.7
4.3
183.1
82.9
.6
242.8
102.8
3.3
188.7
69.6
.6
226.4
86.7
2.3
191.3
61.6
.6
230.3
94.2
7.4
176.9
65.6
.5
231.3
95.4
1.8
157.8
82.5 136.5
.7
1.5
229.1 1 105. 8
98.8 153.7
3.5
14.6
177.4 1 108. 6
47.9
.4
142.2
71.5
2.5
140.1
64.2
1.0
207.2
85.4
4.6
149.0
86.6
.7
263.0
125.8
5.6
192.1
82.6
.6
247.0
124.2
3.1
220.4
82.3
.8
240.4
113.7
4.9
197.9
85.5
.7
261.9
117.3
2.6
201.7
do
7, 106. 6
8, 925. 2
702.2
615.3
727.8
905.5
791.3
869.9
i 776. 6
775.9
844.1
881.9
878.6
913.7
777.6
Latin American Republics total 9
do
3,851.0
Argentina
do
140.0
Brazil _
do
559. 0
Chile _ _ _ _ _
do
175 **
Colombia.
do
240.4
Mexico
do
748.9
Venezuela
do
979.6
T
Revised.
i See note 1, page S-21.
- Corrected.
9 Includes data not shown separately.
4, 266. 2
206.7
669.6
203.1
264. 0
893.4
949. fi
368.7
17.2
65.5
12.6
21.0
73.8
Rfi 3
351.9
9.7
63.3
19.3
30.6
71.8
60. R
367.1
18.3
72.3
22.2
22 0
67.8
76.3
333.0
13.9
52.9
12.8
19.6
65.5
81.8
326.0
14.9
53.0
11.7
23.2
73.5
70.0
401.6 i 247. 1
38.5
16.1
54.5 U4.8
14.3
12.4
25.8
18.6
79.3 180.7
89.2 184.3
309.3
10.9
38.6
20.3
14.5
81.4
75.1
371.8
14.3
56.9
11.2
20.1
94.2
70.7
387.5
16.8
55.0
13.2
24.4
93.5
74.8
356.3
12.6
41.4
15.9
17.7
94.9
73.3
377.0
14.6
63.1
11.8
22.6
94.2
79.8
363.2
15.1
63.9
11.1
21.0
77.6
76.8
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
_
3.4
22.2
Aug.
SURVEY OF CURRENT BUSINESS
September 1969
1967
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1968
1968
Annual
S-23
July
Aug.
Sept.
1969
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
July
Aug.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
General imports— Continued
By commodity groups and principal commodities:
Agricultural products total
mil $
4, 471. 7 5,057.2 437.5
172.1 312.1 492.6
434.5 455.0
385.7 422.3 439.5
499.0 453.0 441.1
Nonagricultural products total
do
22, 340. 6 28,056.8 2, 374. 5 2, 304. 6 2, 414. 3 2, 538. 4 2, 372. 8 2, 577. 9 1,853.8 2, 089. 3 2, 500. 4 2, 835. 3 2, 783. 5 2,775.1
437.8
2716. 1
Food and live animals 9
Cocoa or cacao beans
Coffee
Meats and preparations
Sugar
Beverages and tobacco
Crude materials inedible exc fuels 9
Metal ores
Paper base stocks
Textile
fibers
Rubber
do
do
do
do
do
do
do
do
do
do
do
4,003.2
147.2
962.7
645.0
588.4
698.1
2,964.4
974.3
418.3
305.6
174.5
4, 577. 3
136.0
1, 139. 7
746.5
640.1
786.3
3,345.7
958.4
454.8
338.4
191.8
403.3
10.5
111.7
67.2
62.6
54.4
293.1
88.1
36.8
28.1
17.9
403.1
8.8
110.0
68.7
70.7
80.8
293.6
90.3
36.8
24.1
16.3
408.9
7.5
103.1
83.1
55.8
80.1
306.7
99.4
34.2
28.5
23.4
368.2
6.6
74.5
69.5
60.4
67.2
299.4
85.9
40.4
22.2
14.0
396.8
6.3
95.7
72.5
43.7
61.8
267.7
75.6
37.4
25.2
16.5
169.8
396.6
1.4
12.2
16.1
87.4
29.2
49.3
56.9
6.3
77.5
24.6
294.2 i 202. 0
75.9 157.8
36.7
43.1
9.0
25.9
10.7
19.9
287.1
15.3
49.0
45.4
34.7
28.6
232.3
51.1
40.7
12.2
20.7
439.0
20.5
89.1
96.4
50.9
63.8
307.4
63.0
39.8
28.8
25.4
438.4
10.4
95.8
74.7
66.2
68.1
337.5
81.7
44.7
36.0
23.2
396.7
14.1
71.6
67.1
58.6
89.1
303.8
90.0
39.8
29.6
22.6
398.9
11.9
75.4
70.4
73.0
86.8
293.7
83.0
45.3
25.3
23.1
414.4
18.6
72.0
84.4
78.0
62.8
294.1
93.6
43.8
22.3
19.4
Mineral fuels lubricants etc
Petroleum and products
Animal and vegetable oils and fats
Chemicals
do
do
do
do
2, 247. 8 2, 526. 7
2,086.1 2, 345. 1
122.0
157.8
958.0 1, 129. 1
228.5
214.9
17.4
93.4
187.1
174.4
8.5
100.6
220.7
205.8
14.8
94.7
226.6
212.0
12.7
88.6
193.1
179.1
10.3
94.0
234.0
220.7
16.6
101.7
249.1
235.2
6.1
70.3
231.5
209.0
12.5
81.8
226.4
208.6
11.7
111.3
240.7
224.1
11.2
124.9
219.4
198.7
13.6
108.5
212.6
196.3
8.6
114.5
221.3
202.5
11.0
102.1
Manufactured goods 9
Iron and steel
Newsprint
Nonferrous metals _
Textiles
do
do
do
do
do
6,384.3 8, 162. 4
1,373.1 2,046.4
864.7
862.8
1, 562. 5 1,933.2
808.0
962.6
663.1
172.4
72.0
123.4
82.0
716.2
235.3
67.2
126.3
83.5
672.6
189.2
60.5
134.2
90.1
655.1
170.1
75.7
120.9
81.9
636.5
177.7
69.0
110.7
77.4
667.3
165.9
84.8
121.0
75.8
i 398. 6
64.6
67.7
179.5
45.3
533.1
72.8
71.0
137.6
69.2
653.1
119.2
74.4
135.9
112.9
784. -2
187.3
78.5
159.0
107.0
761.5
208.6
74.0
138.7
91.5
726.0
180.8
83.3
136.5
88.2
728.7
179.1
81.3
129.7
86.6
Machinery and transport eouipment
Machinery, total9
Metalworking
Electrical
do
do
do
do
5,793.4 7,986.9
3,024.4 3, 692. 6
203.4
203.9
1,135.5 1,494.9
630.6
308.7
14.7
133.2
547.6
309.4
18.3
136.1
663.2
322.9
17.6
140.9
785.9
351.8
17.0
160.4
744.4
325.0
11.3
145.5
806.4
356.7
17.4
151.4
612.3
255.5
8.4
118.6
655.9
291.8
10.2
127.4
766.1
351.2
17.4
137.2
872.0
407.1
18.7
159.1
895.9
398.9
19.8
157.8
889.9
401.8
17.0
161.7
789.7
391.0
15.8
171.0
2, 769. 1
2, 266. 1
2,576.2
1, 065. 1
321.9
276.8
332.3
110.7
238.2
191.1
315.4
97.7
340.3
302.6
312.1
105.7
436.6
370.9
325.3
106.4
419.4
384.4
291.7
107.4
451.4
397.9
301. 6
114.3
356.8
307.0
204.4
88.7
364.1
315.0
252.1
86.4
414.9
358. 7
316.1
98.2
464.9
408.4
348.3
109.2
497.0
429.2
335.6
112.4
488.1
431.8
365.9
119.3
398.7
334.8
409.7
120.0
Transport equipment
do
Automobiles and parts
do
Miscellaneous manufactured articles
_do
Commodities not classified
do
Indexes
Exports (U.S. mdse., excl. military grant-aid):
Quantity
1957-59-100
Value
do
Unit value
do
General imports:
Quantity
do
Value
do
Unit value
do
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):
Shipping weight
thous sh tons
Value
mil $
General imports:
Shipping weight
thous. sh. tons..
Value
mil $
4,298.5
3,711.6
3, 346. 1
1,207.8
5111
5173
5195
5112
170
192
113
179
203
113
150
173
115
202
232
115
5184
5190
5103
5226
5235
5104
231
240
104
237
249
105
200
211
106
262
278
106
187, 426
18, 636
194, 487
19,358
15,864
1,550
18,504
1,703
17,531
1,790
15,454
1,405
17,764
1,762
18. 116
1,666
9,964
580
9,440
739
14,081
1,787
17,422
2,000
19,349
2,032
18,093
1,733
256, 814
17,434
281, 331
21, 121
24,946
1,845
23,932
1,918
26,304
1,915
26,042
1,726
21, 554
1,719
25, 373
1,817
20,680
869
19,909
1,242
20, 826
1,793
24,724
2,075
24, 844
2,029
22, 636
1,976
137 1
141.8
49.1
10 1
74
140 8
155 3
48.6
10 7
7 2
140 6
143.0
44.6
10 9
8.4
5160
5178
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers
Scheduled domestic trunk carriers:
Financial operations (qtrly. total):
Operating revenues total 9
mil $
Transport, total 9
_. _ ... ~~.
do
Passenger...
do...
Property
do
U.S. mail (excl. subsidy)
do
Operating expenses (incl depreciation) do
Net income (after taxes)
do
Operating results:
M^iles flown (revenue)
mil
Express and freight ton-miles
flown
do
Mail ton-miles
flown
do
Passengers originated (revenue)
do
Passenger-miles flown (revenue)
bil
Express Operations (qtrly.)
Transportation revenues
mil. $
Express privilege payments
do...
Local Transit Lines
Fares, average cash rate
cents
Passengers carried (revenue)
mil"
Motor Carriers (Intercity)
Carriers of property, class I (qtrly. total) :
Number of reporting carriers
Operating revenues, total
mil $
Expenses, total
" do ""
Freight carried (revenue)
mil. tons..
5 091
5,046
4,488
330
129
4 770
126
4 470
4,' 431
3,936
277
104
4 059
*234
1 274 5
1 285 9
392 5
99 3
71 3
2
1 501 7 130 6
1 540 1 124 7
40 8
544 0
111 2
99
82 0
76
133 7
136 3
43 7
11 1
86
127 5
134 8
41 1
89
66
423 1
104 0
381 5
86 2
99 7
fi fi1 fi
90 c
90 c
90 7
90 o
6 491
Kf\7
^07
520
1 249
8,329
8 012
478
2
1, 249
9,523
9 047
523
'Revised.
* Preliminary.
i See note 1, p. S-21.
2 Number of carriers filing complete reports for the year.
3 AS compiled by the Air Transport Association of America
from carrier reports to the CAB.
* Excludes excess baggage revenues.
132 1
154 3
48 4
9 2
65
125 0
143 5
50 6
85
60
93 8
21 4
1 262
2,457
2 313
134
3 1,295
1 281
1,272
1,117
95
37
1 260
—8
1 359
1,346
1,205
84
30
1 232
60
132
136
61
9
7
4
2
7
9
6
3
3 4 82
332
3 1, 282
3-15
132 4
130 9
46.6
9 3
7 o
119 4
119.2
43.1
83
60
f.'JA
90 o
KVA
90
Q
527
125.2
132.3
48.8
9 6
7.1
87 6
19.4
84 1
20.9
98 5
22 5
QQ Q
1, 143
24 0
538
94. n
498
24 0
553
24 1
564
24 1
564
24 1
512
24 2
489
1 249
2,573
2 467
'l38
5
Revised to include trade in silver ore and bullion formerly reported separately; quarterly
data do not reflect this change.
9 Includes data not shown separately.
SUKVEY OF CURKENT BUSINESS
S-24
1967
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1968
Annual
September 1969
1969
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
July
Aug.
2 » 75. 2
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
rnil $
Expenses total
do
Passengers carried (revenue)
mil
174.3
177.5
160.2
175.2
152.8
165.7
1159
660.2
582.7
220.6
i 159
685.7
604.8
217.4
163
210.3
166.4
60.1
159
164 1
150 1
52 5
772
872
8
131. 1 M36 0
U29.6 T 133. 9
841.8 739.1
10, 377
9,141
485
8,211
1,488
678
<319
10, 855
9,750
444
8,579
1,596
680
5568
2,707
2,419
122
2,173
394
140
108
2,781
2,500
106
2,196
401
183
174
2,741
2,481
103
2,175
423
142
98
731.6
5 719 4
1.269
15, 201
«759.1
« 744. 5
1.310
13, 120
187.0
183.6
1.317
3,696
192.4
188.0
1.330
3 006
187 4
184.6
1.344
2,851
257.8 2 3 75. 6
261.0
253.7
10.59
61
115
11.35
61
118
10.63
58
117
11.90
63
116
11.85
63
122
12.31
72
118
12.03
57
110
10.70
47
113
11.80
56
106
11.80
62
119
11.32
63
128
12.80
64
122
12.03
63
138
12.90
61
126
11.59
57
119
4,387
4,334
2,773
2,358
1,686
39, 538
5,021
4,820
3,084
2,613
1,748
42,392
533
627
327
260
191
9,273
809
528
357
311
132
9,240
485
367
352
264
«93
4,176
371
310
272
250
83
2,725
314
294
218
200
67
1,412
339
354
236
238
75
904
391
354
251
179
104
788
353
363
203
157
122
858
426
424
252
198
167
1,277
460
427
264
212
229
1,906
455
478
306
251
229
2,976
523
695
304
287
267
6,176
1,434
24.57
1,002
16.91
279
4.62
207
3.57
13,847
7,090
5,170
8,319
2,488
90.2
15,068
7,578
5,693
9,020
2,553
95.1
3,796
1,895
1,447
2,275
643
93.6
3,938
1,960
1,499
2,397
664
95.1
4,022
1,993
1 538
2,404
674
96.4
4,153
2,038
1,607
2,512
700
97 4
335.0
291.9
358.2
309.5
89.3
79 7
91.9
77.6
93.5
78.2
97.8
82.7
24.2
29.6
5.4
10.6
9.7
9.7
132.3
101.4
153.4
116.1
39.0
29 1
41.7
32.3
41.3
30.4
44 7
32.5
26.2
30.6
8.2
7.4
171.7
164.3
166.4
166.6
169.5
165.3
166.4 ' 169. 0 '172.4
' 171. 0 '171.9
173.8
173.3
Class I Railroads
Financial operations (qtrly.):
Operating revenues, total 9
mil. $
"Freight'
'
do
Passenger
do
Operating expenses
do
Tax accruals and rents
do
Net railway operating income
do
Net income (after taxes)
do
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..
Travel
Hotels:
Average sale per occupied room
dollars
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
do
Operating expenses (excluding taxes)
do
Net operating income (after taxes)
do
P hones in service, end of period _ _
_ .mil _ _
Telegraph carriers:
Domestic:
Operating revenues.. ..
mil. $
Operating expenses
do
Net operating revenues (before income taxes)
International:
Operating revenues .
do
Operating expenses
do
Net operating revenues (before income taxes)
mil. $
l
9 0
2 2, 916
22,249
2212
168
2
i
194
137
10 4
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
Acetylene
mil. cu. ft..
Ammonia, synthetic anhydrous __thous. sh. tons_.
Carbon dioxide, liquid, gas, and solid
do
Chlorine, gas (100% C12)
do....
Hydrochloric acid (100% HC1) _ .
do
Nitric acid (100% HNO 3 )
do. ..
Oxygen (high purity)
_
mil. cu. ft
Phosphoric acid (100% P2O5)
thous. sh. tons..
Sodium carbonate (soda ash), synthetic (58%
NajO)
thous. sh. tons
Sodium bichromate and chromate
_ . do _
Sodium hydroxide (100% NaOH)
do
Sodium silicate, anhydrous
thous. sh. tons
Sodium sulfate, anhydrous
thous. sh. tons .
Sulfuricacid (100% H2SO4)
do
14, 269
12,200.2
1, 085. 3
7, 679. 9
1, 625. 1
6, 264. 6
243, 401
5, 188. 9
4, 848. 9
135.3
7, 923. 7
612.6
1, 364. 0
28.815.2
14,877
1,219
12, 093. 0 1,031.3
1,047.8
107.2
58,428.4
701.8
1,735.3
138.7
6, 134. 9
434.9
248, 250 21,077
4, 926. 2 326.2
1,224
932.1
105.5
702.6
149.0
463.3
18,960
388.2
1,174
949.0
92.5
701.2
149.9
488.6
18, 297
406.9
1,208
942.0
91.7
722.5
156. 2
487.0
20, 291
403.1
1,263
986.3
85.2
766.1
150.3
550.2
21,316
410.9
1,272
887.0
80.0
731.8
149.4
500.9
21,667
394.0
1,130
1,249
1,151
1,160 ' 1, 187
991.2 1,050.2 1,083.3 1, 136. 8 1, 125. 7
98.6
86.5
76.6
85.2 '91.6
711.3
768.7
776.5 ' 807. 4 781.7
147.7
163.8
156.7 ' 159. 8 151.3
499.0
572.8
503.5
549.5
541.8
20, 827 23, 030 22, 808 ' 23,582 21, 748
420.1
380.5
450.1 ' 447. 8 393.1
4, 552. 6 380.0
397.6 383.2 402.1
363.6
385.1
392.5
396.6 333.1 335.5
383.3
370.2
145.1
12.1
12.4
11.7
12.0
12.9
11.3
13.1
12.1
13.7
11.3
13.3
11.1
8, 799. 4 729.1
736.4
777.2
725.0
766.7
721.9
770.8
792.6 760.2
815.5 ' 811. 5 797.2
632.2
47.8
62.2
42.8
47.4
63.8
61.2
46.3
56.6
55.1
46.5
62.7 '62.8
51,471.7
129.0
121.7
115.0
121.4
120.7
130.2
134.1
117.8
125.3
133.0 r 124. 2 116.1
528,382.5 2,161.8 2,282.2 2,294.6 2,365. 0 2,357.0 2, 524. 4 2,317.0 2,238.9 2,405.8 2,509.7 '2,559.1 2, 344. 3
r
Revised.
*> Preliminary.
* Number of carriers filing complete reports for the year.
2
Preliminary estimate by Association of American Railroads. 3 Data cover 5 weeks;
other
months,
4
weeks.
*
Reflects
adjustment for extraordinary items.
5
8
Annual total reflects revisions not distributed to the monthly or quarterly data.
Effective Aug. 26,1968, passports are issued for 5 years; no renewals are made.
1,275
951.2
88.8
735.4
157.9
496.1
19,345
415.7
7
Beginning with 1st quarter 1969 reporting period, motor carriers are designated class 1
if they have gross operating revenues of $1 million or over, annually; prior8 to 1969, class 1
carriers were those having annual operating revenues of $200,000 or over.
For 1st quarter
1968 comparable with data for 1st quarter 1969.
S-25
SURVEY OF CURRENT BUSINESS
September 1969
1967
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
Annual
1969
1968
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS— Continued
Organic chemicals, production :c?
Acetic anhydride
Acetylsalicylic acid (aspirin)
Creosote oil
DDT..
Ethyl acetate (85%)...
Formaldehyde (37% HCHO)
Glycerin, refined, all grades:
Production
Stocks, end of period
Methanol, synthetic
Phthalic anhydride
mil. lb._ U,556.4 11,651.6
31.2
30.5
_..do
111.4
.mil. gal.. 1108.8
141.2
2.3
9.0
142.3
2.1
8.0
142.5
2.6
9.3
137.1
3.1
10.5
139.0
3.0
8.8
152.9
2.8
10.6
141.7
3.5
10.7
140.4
3.1
8.8
145.2
3.4
8.9
147.9
3.5
10.3
'147. 9
3.6
9.6
143.5
3.6
9.9
102.8 1138.0
-mil. lb__
....do... . 138.9 1 162. 0
3.686.2 14,099.6
do
12.2
13.0
337.3
12.3
13.3
340.6
10.7
R5
332.4
18.8
364.6
11.8
330.8
16.0
350.5
13.1
12.3
321.1
13.0
8.9
323.2
10.5
18.9
356.1
12.4
11.0
349.9
10.3
13.3
371.3
8.0
15.1
353.9
353.8
do
32.6
_do
mil. gal_. i 520. 2
715.3
mil Ib
347.0
29.5
580.2
i 748. 3
27.5
29.2
48.6
57.1
30.2
28.7
46.1
63.9
28.7
28.4
47.5
59.1
27.0
28.1
50.5
66.2
26.8
26.8
49.4
62.5
30.1
29.5
55.6
67.9
28.4
30.4
51.4
59.8
31.0
31.8
46.5
56.9
27.8
34.4
50.3
64.2
29.4
31.9
51.3
70.6
22.2
29.0
51.2
69.8
'28.2
'26.9
51.3
72.7
685.1
218.4
556.1
79.0
708 1
189. 2
564.4
80.7
59.7
217.4
47.1
6.5
56.5
207.5
49.8
6.6
60.0
201.4
47.0
7.7
70.8
199.5
51.7
9.1
60.3
187.8
47.1
7.6
66.2
189.2
50.6
5.4
67.5
195.5
57.1
6.7
64.4
196.8
52.7
6.0
65.3
192.4
57.8
7.6
56.4
188.5
46.9
7.1
'59.3
183.8
51.2
7.2
58.1
181.6
50.2
7.8
300.1
298.6
4.9
303.5
305.6
2.7
25.3
25.8
2.9
26.7
26.2
3.3
25.2
25.7
2.7
27.6
27.0
3.4
25.3
26.0
2.6
27.2
27.2
2.7
30.7
30.3
3.1
28.3
27.7
3.7
31.0
30.2
4.5
25.3
26.0
3.9
27.5
27.8
3.5
26.8
28.2
2.1
15,294
11,629
11,025
1,119
18,956
2,607
13,584
1,303
1,617
215
1,195
75
1,533
180
1,143
99
1,658
242
1,134
153
1,902
347
1,332
160
1,544
317
1,100
77
1,883
296
1,291
129
961
27
783
107
979
56
771
92
1,304
142
955
69
1,718
162
1,334
109
1,674
261
1,179
95
1,750
141
1,389
125
1,586
210
1,091
81
177
168
2,711
218
227
131
3,557
205
11
1
152
25
15
6
111
25
20
15
261
32
19
9
236
0
20
10
268
11
24
24
354
13
45
30
433
19
29
8
396
22
13
7
176
11
12
5
156
38
4,170
117
213
14
6
275
(2)
372
12
13
254
2
4,034
13
5
260
2
()
329
273
280
336
353
560
579
4,695
726
4,149
535
257
567
308
578
351
524
358
525
331
516
340
535
360
572
351
590
381
502
395
369
398
358
345
415
Explosives (industrial), shipments, quarterly:
Black blasting powder
mil Ib
High explosives.
__ _
do
.4
1, 708. 5
.4
1, 581. 7
Paints, varnish, and lacquer, factory shipments:
Total shipments
mil $
Trade products
do
Industrial finishes . - . _
. do
2,348.2
1,329.5
1,018.7
2, 587. 1
1, 427. 5
1, 159. 6
231.6
140.5
91.1
238.6
141.9
96.6
229.5
127.6
101.9
234.7
119.5
115.3
196.9
92.7
104.2
175.7
83.0
92.7
189.8
86.2
103.6
207.1
106.1
101.0
229.9
118.8
111.1
245.2 '256.8
131.9
143.6
113.3 113.3
277.0
162.1
115.0
Sulfur, native (Frasch) and recovered:
Production
thous Ig tons
Stocks (producers'), end of period
do
18,284
1,954
'18,817
2,790
776
2,293
771
2,466
744
2,619
756
2,690
759
2,775
767
2,790
'743
2,940
••676
3,006
'744
3,129
'710
3,150
'723
3,134
715
3,213
1585.9 i 624. 7
489.7 i 576. 4
» 953. 7 11,038.4
i 645. 4 i 741. 4
52.6
46.2
72.0
54.1
54.5
47.7
85.2
65.5
51.4
48.9
91.4
68.2
58.5
51.2
101.5
71.9
48.6
49.4
90.6
69.2
46.7
47.8
82.6
70.8
51.4
50.1
87.8
60.3
50.3
52.0
88.9
62.5
52.7
58.8
96.5
70.6
55.8
59.4
96.2
66.9
57.9
62.5
97.8
'65.7
55.3
50.8
95.9
66.4
Thermoplastic resins:
Cellulose plastic materials
. .
do
»171.9 1 186. 2
Coumarone-indene and petroleum polymer
resins
mil. lb.. i 289. 9 i 332. 6
Styrene-type materials (polystyrene)
do
i 2, 365. 4 12,719.3
12,599.4 12,944.8
Vinyl resins (resin content basis)
do
Polyethylene
do
3, 761. 9 14,539.1
13.3
15.7
16.3
16.6
17.5
15.1
18.4
17.2
17.2
16.5
16.3
14.8
28.6
212.3
231.7
362.4
24.2
228.1
245.3
381.4
25.0
235.7
254.8
383.7
30.0
247.2
261.5
399.7
26.1
243.9
261.0
414.3
32.4
249.7
251.3
422.7
25.5
239.3
254.0
392.8
21.1
247.8
246.6
412.2
28.8
273.0
281.5
433.4
29.6
27.9
285.9
272.2
270.4 ••287.4
437.1 441.9
31,2
281.9
284.1
435.8
28.6
28.5
ALCOHOL
Ethyl alcohol and spirits:
Production
Stocks end of period
Used for denaturation
Taxable withdrawals
Denatured alcohol:
Production
Consumption (withdrawals)
Stocks end of period
mil. tax gal..
do
do
do
mil wine gal
do
do
FERTILIZERS
Exports, total 9
Nitrogenous materials
Phosphate materials
Potash materials
Imports:
Ammonium nitrate
Ammonium sulfate
Potassium chloride
Sodium nitrate
thous. sh. tons..
do
do
do
do
do
do
do
_
Potash deliveries (KjO)
do
Superphosphate and other phosphatic fertilizers
(100%Pa08):
Production
thous sh tons
Stocks, end of period .
do
MISCELLANEOUS PRODUCTS
.1
428.8
.1
404.6
.1
423.6
.1
492.2
PLASTICS AND RESIN MATERIALS
Production:
Therm osetting resins:
Alkyd resins
Polyester resins
Phenolic and other tar acid resins
Urea and melamine resins _
..mil. lb..
do
do
do
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), totalt
mil. kw.-hr._ 1,317,301 1,433,001 127, 472 131, 905 115,832 119,354
Electric utilities, total
By fuels
By waterpower
_
Privately and municipally owned util
Other producers (publicly owned)
Industrial establishments, total
By fuels
By waterpower
1,214,365 1,326,932 118,870 123,001 107, 154 110,288
992, 847 1,104,694 99,841 104, 856 91,428 93, 636
221, 518 222,238 19,029 18, 146 15,726 16, 652
109,167 118, 961 122,463 109, 110 116, 679 107,974 113,880 120,455 134, 789
91, 254 98,669 101, 050 88,023 95, 159 85,863 90,845 99,497 113, 766
17,913 20,292 21,413 21,087 21, 519 22, 111 23,035 20,957 21, 023
do
do
986, 227 1,082,382 97,308 101, 215 87,884
228, 138 244,550 21, 562 21, 786 19, 270
91,092
19, 196
89,477
19,690
96,672
22,289
99,163
23,300
87, 944
21, 166
94,008
22, 670
87,372
20,602
91,836
22,044
97, 935
22, 519
do
do
do
102,935
99,505
3,430
9,066
8,818
248
8,906
8,644
262
9,102
8,836
266
9,128
8,860
267
8,554
8,290
265
9,356
9,063
293
9,141
8,842
300
9,352
9,044
308
9,310
9,020
289
106,069
102,690
3,380
8,603
8,338
265
' Revised.
i Revised annual total; revisions are not distributed to the monthly data.
3
Less than 500 short tons.
118,073 128,063 131, 591 117, 665 126, 035 117,115 123,232 129,765 143,951
do
do
do
8,904
8,657
246
8,677
8,457
220
9,162
8,896
266
cf Data are reported on the basis of 100 percent content of the specified material unless
otherwise indicated.
9 Includes data not shown separately.
tRevised monthly data for 1966 will be shown later.
SURVEY OF CURRENT BUSINESS
S-26
1967
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
| 1968
September 1969
1968
Annual
July
Aug.
Sept.
1969
Oct.
Dec.
Nov.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
ELECTRIC POWER AND GAS—Continued
ELECTRIC POWER— Continued
Sales to ultimate customers total (EEI) mil kw -hr 1 107 023 1 202 321 102 330 107 416 106 260 100 515
Commercial and industrial:
242 492 1265 151 24 174 25 433 24 832 22 762
Small light and power §
do
Large light and power §
do
486 043 1518 834 43 055 44, 195 44 166 44 678
Railways and railroads
Residential or domestic
Street and highway lighting
Other public authorities
Interdepartmental
342
14 540
4 572
331 525 »367 692
9 863 UO 302
29 426 »32 162
13, 640
3 102
do
do
do
do
do
351
338
30 995
33, 570
32, 967
2 693
2,769
2,772
746
324
842
796
331
315
361
98 673 103 027 109 412 105 894 105 614 102 255 100 883 105 615
21 510
44, 115
28,704
2 787
2,696
337
941
22, 533
44, 410
22,009
43, 557
431
401
32,608
37, 778
35, 650
2,830
2,953
371
28 687
903
21, 743
44, 146
436
998
335
268
995
312
925
3,048
303
21, 852
44,988
21, 502
45, 344
421
366
34, 244
31, 057
905
2,891
314
850
2,823
313
22, 016
46, 251
360
28,231
816
2,859
350
24,145
47, 157
328
29,859
794
2,976
356
Revenue from sales to ultimate customers (Edison
Electric Institute)
mil $ 17 222 7 18, 579. 9 1,601 6 1, 670. 7 1, 656. 3 1, 559. 8 1, 524. 0 1, 580. 1 1, 664. 1 1, 624. 1 1, 605. 0 1, 566. 7 1, 554. 1 1 632.3
GAS
Manufactured and mixed gas:
Customers end of period total 9
Residential
Industrial and commercial
thous
do
do
666
624
41
580
543
36
574
539
35
580
543
36
581
544
36
mil therms
do
do
1 437
1,461
829
589
822
615
163
63
98
362
196
159
607
374
222
Revenue from sales to consumers, total 9 mil $
Residential
do
Industrial and commercial
do
131 4
84 5
45 3
128.8
81 2
45.7
14.8
7.7
7.0
30.7
19.0
11.2
51.3
34 1
16.3
39 034
35 836
3,152
39, 894
36 619
3,227
38, 962
35, 834
3,082
39, 894
36, 619
3,227
39, 974
36 692
3,234
133 424
42 811
85 321
144, 258
44, 546
93 350
26, 950
3,821
21 519
36, 586
11,111
23, 864
50, 357
21, 623
27 170
Revenue from sales to consumers, total 9 —mil. $.. 8, 124. 4
4 294 9
Residential
do
Industrial and commercial
do
3 637 9
8,623.6
4 450 3
3 949.3
1,339.9
502.2
787.5
2,207.7
1, 126. 8
1, 021. 2
3,399.1
2,002 6
1,331.5
Sales to consumers total 9
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
thous
do
do. _
mil therms
do
do
FOOD AND KINDRED PRODUCTS; TOHACCO
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
116 55
106 97
10.77
122 41
112. 41
11.56
12 30
11 58
13.02
9 86
9 11
12.54
11 37
10 76
12.64
10.10
9.28
12.48
8 46
8.26
11.92
8.90
8.48
11.56
8.99
7.88
11.91
8.82
7.66
12.33
10 98
9.40
13.00
11.43
10.06
13.37
11.28
10.25
13.36
10.17
9.15
13.57
211 77
238. 33
18.24
14. 72
19 36
24.32
22.26
21.24
21.06
19.69
21.97
21.66
18.84
17.79
324 81
148. 20
904.58
68.17
345 49
147. 64
956. 44
75.45
25.96
10.53
939. 76
4.92
27.47
12.53
938. 82
6.17
27.35
14.29
940.45
6.80
30.94
15.75
944. 52
9.23
34.14
12.85
950. 02
7.90
41.14
11.47
956. 44
8.14
24.31
11.31
962. 90
5.59
24.25
10.87
968.43
4.67
28.79
13.99
973. 27
6.02
28 79
13.35
978. 71
6.48
30 80
12.93
981. 91
6.67
30.46
14.51
984. 51
6.94
6.83
153. 78
97.02
856 66
59 70
178. 05
95.27
904. 35
66. 50
13.85
6.28
893. 66
4.31
9.60
7.63
892. 77
5 37
13.28
9 45
893. 39
5.92
17.66
11.07
895. 98
8.13
16.41
8.76
899. 65
7.00
15.24
7.31
904. 35
7.29
17.01
7.39
911.26
4.87
16.10
7.44
917. 26
4.16
17.10
9.22
921. 92
5.37
17 25
8 84
927 80
5.51
14.37
7.86
932. 30
5 75
12.07
9.05
933. 75
6 03
6 02
108 26
67 31
110. 54
66.71
8 30
4.92
8.66
4.99
10 43
6.37
12.85
8.26
10.40
6.73
8.53
4.87
8.67
4.84
8 26
5.17
10.39
6.17
9 74
5 60
9.95
5.49
11 00
6.57
.60
.55
1.06
.95
1.07
1.28
5.54
1.16
1.26
5.38
1.26
1.27
5.25
1.13
1.12
1.04
6 10
1.23
1.05
6.23
1.17
5.60
6.51
6.51
1.25
1. 12
6.56
Rectified spirits and wines, production, total
mil proof gal
Whisky
.
do
Wines and distilling materials:
Effervescent wines:
Production. _ _
. . . . mil. wine gal
Taxable withdrawals
do
Stocks, end of period _ _ _ _
do
Imports
do
Still wines:
Production...
_
do
Taxable withdrawals
__ _ .
do ..
Stocks, end of period
do
Imports...
_
do
10.19
8 75
4.30
1.92
12.17
10.29
5.25
2.23
5.86
6.08
1.06
5.85
.26
.27
10
.13
.18
22
24
17
217. 46
175. 27
272. 02
1 17. 46
221, 54
181. 18
268.30
19.98
2.21
11.22
175. 28
1.55
8.88
14.76
166.67
2.24
72.54
14.76
221. 09
2.22
93.68
18.01
290. 02
1.78
20.75
16.44
286. 82
1.54
5.51
16.00
268. 30
1.68
3.63
14.95
255. 91
2 93
15 28
242.63
84
3.75
20.06
224. 83
1.19
2 92
15.89
211.75
1.91
2.48
15.59
197. 08
2 34
2.49
16.03
180. 78
2 31
2 01
Distilling materials produced at wineries.. .do
362. 71
366. 48
4.66
35.96
125. 32
126.37
28.99
16.92
7.15
4.11
4.69
2.16
3.00
2.13
mil. Ib. 1, 224. 9
do
168.6
$ per lb__
.675
1, 164. 8
117.4
.678
98.6
241.7
.674
80.2
224.6
.677
69.1
196.5
.691
78.3
161.9
.686
78.4
137.4
.680
93.4
117.4
.690
106.6
104.5
.674
95.7
115.1
.673
104.7
121.4
.673
109.6
134.5
.683
116.1
162.6
.684
111.1
195.3
.684
r 198.0
r
145. 8
86. 3
147.4
90.7
139.7
87.3
163.2
101.3
174.2
113.2
197.6
135.6
201.8
140.6
181.0
124.1
367.4 'r 387. 8
308.3
327. 1
12 0
10 0
.13
.77
.24
.18
.22
.70
.18
.75
56
77
.87
DAIRY PRODUCTS
Butter, creamery:
Production (factory)
Stocks, cold storage, end of period
Price, wholesale, 92-score (N.Y.)
Cheese:
Production (factory), total. .
American, whole milk. _
mil. Ib
do
Stocks, cold storage, end of period
do
American, whole milk
.. do
Imports..
do
Price, wholesale, American, single daisies (Chicago)
$ per lb._
r
l,918 8 l, 943. 9
1, 276. 3 '1, 276. 3
r
1
r
r
176. 4 ' 160. 3 145. 8 «• 146. 7
' 122. 5 r 107. 2 '93.3 r 89.7
390.3
344.0
151 8
381.0
318.7
168.2
444.5
389.2
20 9
451.3
390.5
23 5
447.3
376.0
20.2
415.5
346.4
10.7
398.0
334. 5
11.6
381.0
318.7
17.1
357.7
296.4
4 5
328.5
271. 1
5 9
317.8
263.0
10 7
315.7
259.5
12.9
337.5
280.7
13 2
.521
.548
.549
.550
.551
.562
.565
.570
.572
.572
.587
.595
.594
r
Revised.
1 Annual total reflects revisions not distributed to the monthly data.
§ Data are not wholly comparable on a year to year basis because of changes from one classi-
' 135. 0
81.1
r
fication to another.
9 Includes data not shown separately.
.603
93.5
.686
.606
180.2
.688
386.1
326.6
.606
SURVEY OF CURRENT BUSINESS
September 1969
1967
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1968
1968
Annual
S-27
July
Aug.
Sept.
1969
Nov.
Oct.
Jan.
Dec.
Mar.
Feb.
May
June
July
9 2
' 157. 5
61
147.5
6 2
139.7
Apr.
Aug.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS— Continued
Condensed and evaporated milk:
Production, case goods:
r
r7 7
'87.4
'8 8
10 0
Condensed (sweetened)
mil. Ib
••6 6
64 4
Evaporated (unsweetened)
- do
1, 493. 2 rl ,360.0 ' 137. 7 ' 130. 6 ' 107. 2 ••101.4
Stocks, manufacturers', case goods, end of period:
5.8
2.1
Condensed (sweetened)
mil. Ib
57
4 0
30
30
190.2
99.1
Evaporated (unsweetened)
. . . . do
192 8
160 6
178 9
189 0
Exports:
2 7
28.6
42.4
Condensed (sweetened)
do
61
65
6 0
33.8
Evaporated (unsweetened)
do
33.7
3.2
3.1
2.8
1.7
Price, manufacturers' average selling:
7.05
Evaporated (unsweetened) . - - $ per case
7.26
7 35
7 36
7.36
7 36
Fluid milk:
Production on farms
mil. lb._ 118,769 117, 281 r 10,201
9,567 r 9,035
9,120
Utilization in mfd. dairy products . _ -.do
58, 587 ' 58. 164
5. 503 ' 4. 872 4. 081 ' 4. 070
Price, wholesale, U.S. average
$ per lOOlb..
5.01
5.25
5.06
5.24
5.45
5.61
Dry milk:
Production:
r
r? 2
••94.2
'7.7
Dry whole milk
mil. Ib
74.3
'6.6
6. 1
^1,678.6 •1,604.4 r 153. 2 ' 120. 4 '90.1 ••89.6
Nonfat dry milk (human food)
_do
Stocks, manufacturers', end of period:
6.1
Dry whole milk
.-do
7.6
91
11 1
10 1
84
98.7
Nonfat dry milk (human food)
do
78 9 r 140 9
128 4
107 4
90 1
Exports:
1i
Dry whole milk
do
12.8
18.6
14
6 6
17
140.9
Nonfat dry milk (human food)
do
151.0
81
22 8
20 8
10 2
Price, manufacturers' average selling, nonfat dry
.199
milk (human food)
$ per Ib
.224
232
235
234
231
r
3.5
' 7 5 »-4 5
'88.7 r 109. 9
' 96.0
2 6
124.4
21
99 1
2 6
56 9
39
39 3
35
53 7
29
83 5
4 7
124 4
39
151 6
29
188.9
1.5
2.7
6 0
9
3.7
9
3.1
3.5
4.0
4.5
2.2
7 4
2 9
2.9
61
2 4
4.5
4.2
7.42
7 45
7 50
7.50
7 51
7.51
9,983
8,795
' 4. 388 ' 5. 023
5.45
5.35
10, 261
r
5. 392
5.23
11,046 10, 766
' 5. 997 6.025
5.15
5.08
10, 165
5 480
5.21
7.36
7.36
7 40
8,721
3. 770
5.67
9,191
4. 149
5.58
9,407
4.604
5.53
r
r
T
6 9
90.0
79
76 0
T
^7 3
116.1
r
r
4 8
97.0
T
5.4
'6 1
118. 3 ••112.8
7.6
8 2
72 6
78 9
7.5
7 8
61
109.1 ••135 7
T
'6.6
131.0
68 5
6 2
63 9
r
T
4 6
146 2
4 9
75 2
r
r
10.9
176. 2
8 4
178 5
6 4
141.2
6.8
108 0
80
137 1
149 1
.4
g
15 3
35
13
8 9
13 9
19 4
16
52
16
13 2
9 7
233
234
235
.234
235
235
234
235
234
108 3
127.2
18 4
33 4
91.9
95 6
107 6
92 0
99 5
3
1 09
1 09
1.6
2.3
5.37
9.0
13 7
1.1
9,612
1.3
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats rye, wheat)
Barley:
Production (crop estimate),..
Stocks (domestic), end of period
On farms.
Off farms
Exports, including malt§
Prices, wholesale (Minneapolis):
No. 2, malting
No. 3, straight
.
.mil. bu
do
do _
do
do .
do
1, 245. 4
1, 267. 4
'372.9
303.2
184.6
118.5
40.2
1 418. 2
362.7
238.8
123.9
17 8
1 I
18
4
7
2 5
5
1
1.30
1.29
1.18
1.18
1.06
1 07
1.04
1.05
1.19
1 20
1.19
1 18
1 17
1 15
1.14
1 14
1.18
1 19
46 7
60.7
2 1, 162
2782
2380
50 2
40 8
1 10
1.10
1.06
1.06
1 06
1.03
1 06
1.08
$ per bu
do
Corn:
Production (crop estimate, grain only).. mil. bu.
Stocks (domestic), end of period, total, .mil. bu._
On farms
.do
Off farms
_
_
do .
Exports, including meal and
flour
do
Prices, wholesale:
No. 3, yellow (Chicago).
$ per bu
Weighted avg., 5 markets, all grades
do
Oats:
Production (crop estimate)
_ . mil. bu
Stocks (domestic), end of period, total
do .
On farms
....
do
Off farms
...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
1
4, 760
i 4, 375
4,257
3,391
4,204
3,247
515.3
594.0
866
114.4
1. 11
1.11
1789
1930
83 2
84 8
* 415. 9
442.7
291 6
151 1
362.7
238 8
123.9
I
1.17
1 18
276.7
177.7
99.0
7
2 4
17
2 197 6
2 112 7
284 8
13
1.16
1 17
1 16
1 17
1.19
1 19
1 13
1 14
957
54 1
1 13
1.14
2,053
1,472
3,011
2,194
4,204
3 247
582
817
59 9
31
1 14
1.13
1 18
1.16
16 5
49 8
1.16
1.15
1 15
1.15
38 6
47 9
43.5
51.3
1 20
1.21
1.30
1.28
1.30
1.28
1.27
1.22
928
773
155
9.4
11 6
2
16
2 0
7
3.75
3.72
.67
.60
.63
.58
189.4
1 105 3
10
2370
2272
547
437
110
776
653
123
5
4
g
9
12
.3
.5
.71
.74
.75
.68
.69
.69
.64
.63
96
88
2 020
1,376
91
80
54
28
170
76
371
69
115
58
215
170
221
179
272
289
286
214
225
235
118
151
67
79
254
312
69
79
110
286
315
312
298
229
245
197
125
93
71
1,182
1 732
1 584
481
749
519
339
347
139
212
146
188
153
214
313
423
283
552
200
544
205
464
2 119
2 013
1 903
1 812
1 713
1 509
1 178
858
629
476
372
6,675
4,544
7 086
4,774
126
248
1,875
4,066
.085
2 013
4 163
272
235
090
784
169
1 547
342
2 122
*209
.087
.081
083
Rye:
Production (crop estimate)
.mil. bu.
Stocks (domestic), end of period
_ . . do
Price, wholesale, No. 2 ( Minneapolis).. $ per bu._
124.2
27.8
1.19
123.2
24.3
1.14
1.10
1.09
31.7
1.12
mil. bu.
do
do
do
11,522
1316
1 1, 207
1,360
i 1, 570
i 342
i 1, 229
1,439
432
334
233
301
do...
do
do
1,212
1,344
1 678
1 344
1 111
2gll
Stocks (domestic), end of period, total
On farms
Off farms
r
508
704
580
764
372
336
083
361
085
135
085
263
085
245
.085
492
085
20.0
1.23
1.23
408
085
.085
1.24
215.9
1.22
91. 9
432.0
1.17
1.17
24.3
1.20
1.20
1.21
1.17
1.06
4
4
Revised.
i Crop estimate for the year.
2 old crop only; new crop not reported until
beginning of new crop year (July for barley, oats, rye, and wheat: Oct. for corn). 3 Average
for 11 months. 4 September 1 estimate of 1969 crop.
.61
4
1,913
1,403
305
938
299
4
Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers .
mil. Ib
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis) , end of period
mil Ib
Exports
.
do
Price, wholesale, Nato, No. 2 (N.O.)._. $ per Ib
Wheat:
Production (crop estimate), total..
Spring wheat
Winter wheat
Distribution
.
1.28
1.22
4
776
653
123
087
1.00
1.00
'4,312
957
1.27
1.25
653
549
104
99 1
732
947
580
764
§ Excludes pearl barley.
462
649
9 Bags of 100 Ibs.
2327
2484
1,457
4
307
1, 150
SURVEY OF CURRENT BUSINESS
S-28
1967
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1968
Annual
September 196&
1968
July
Aug.
Sept.
1969
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Con.
Wheat—Continued
Exports total, including
Wheat only
-
flour
_.
675.6
637.1
642.1
587.8
51.1
48.0
50.2
46.5
30.4
25.2
42.6
37.9
50.7
44.0
66.3
60.3
14 7
13.9
16 5
15.1
40 7
37.4
53.3
48.8
56.8
51.2
46.6
39.5
47.4
41.8
1.92
1.68
1.88
1.79
1.52
1.77
1.74
1.42
1.62
1.68
1.41
1.62
1.72
1.42
1.73
1.79
1.49
1.83
1.79
1.54
1.83
1.72
1.50
1.78
1.78
1.52
1.82
1.81
1.48
1.83
1.79
1.52
1.81
1.77
1.53
1.78
1.78
1.48
1.76
1.77
1.45
1.70
1.81
1.34
1.65
245, 240
4,423
549 801
254, 185
4,510
569 649
20, 422
369
45, 852
21,873
391
48,950
21 533
379
48 042
23 506
411
53 606
22 080
386
49 523
21 279
374
47 667
20, 342
362
45,888
18 974
335
42 038
20 625
364
46 121
20 307 21 217 20,758 19 817
' 365
356
373
348
45 631 47 623 '46 457 44 631
4,372
16, 535
4,638
23, 264
1,304
1,551
4,517
2 229
2,020
2 903
4,638
2 570
371
65§
4 489
1 433
2 096
2 387
4,324
3 033
6 124
5.631
5.927
5.449
5.775
5.350
5.788
5.288
5.913
5.375
5.925
5.463
5.950
5.513
5.925
5.463
5.888
5.400
5 838
5 375
5.863
5.350
5 838
5 338
5 875
5 388
5 888
5.463
002
780
659
852
3 876
29,592
» 11, 699
8 219
288
2,609
1,015
468
311
2,648
957
708
323
2,540
1,123
1 153
373
2 813
1,381
1 488
344
2,416
1,077
1 259
337
2 380
921
685
364
2 676
1, 057
342
317
2,356
905
352
2,423
1,019
312
2,414
1,022
271
2,466
961
248
2,435
1,007
282
2,611
946
957
25.97
'24. 67
32 38
27.65
'25.89
33 83
27.56
26.54
32 00
27.92
25.84
32 00
28.24
25.33
32 00
28.22
'25.60
31 50
28.38
26.01
32 50
28.83
26.39
35 00
29.10
26.60
37 50
28.97
27.22
40 50
30.20
28.69
40.50
30.98
30.28
40 00
33.76
32.40
40.50
34.20
33.17
39.00
31.57
29.87
30.97
29.20
74 789
70 915
16,196 i 15, 932
6 454
1^221
5 942
1,186
6 348
1,319
7 410
1,*612
6 571
1,388
6 619
1,410
6 814
1,460
6 245
1,' 278
6,816
1,363
6 852
1,429
6 045
1,307
5 591
1,228
5 739
1,204
1,095
18.88
'18.65
'20.27
19.35
19.49
18.19
17.56
17.87
18.94
19.68
20.41
20.23
22.71
24.35
24.90
27.11
16 3
18 0
20 0
19 5
19 3
18 6
16 8
17 0
17 2
18.0
18.3
17.5
18.7
20.3
21.1
22.0
11 516
!3 603
1 449
10 888
* 2 934
1 399
928
266
74
930
233
122
973
300
181
1 063
376
301
835
243
134
832
210
79
1 007
2214
70
768
179
815
176
839
183
835
192
810
250
822
252
230
23.48
26.02
26.25
25.25
25.25
25.62
26.12
25.00
26.50
27.50
29.25
30.75
32.25
29.75
29.25
26.75
31 106 r 32 714
2 661
' 2, 737 '2 737
'3 134
'2 768
2 760
2 965
2,628
2,765
2 788
2,692
2,602
2,705
572
48
147
614
62
144
625
54
97
597
29
65
601
35
88
617
57
198
678
54
149
633
62
134
556
45
139
'513
46
163
1 714 ' 1 487 1 475
273
304
304
3
2
2
111
63
107
1 658
288
2
51
1 461
278
2
59
1,490
282
3
140
1 492
275
2
99
1,520
253
3
85
1,499
238
99
1,591
'246
2
118
mil. bu
do
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
$ per bu._
No. 2, hd. and dk. hd. winter (Kans. City). do
Weighted avg., 6 markets, all grades -_ . do_.
Wheat flour:
Production:
Flour
thous sacks (100 Ib )
Offal
thous. sh. tons
Grindings of wheat
thous. bu
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
1.73
1.44
1.66
2 429
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
thous. animals
Cattle
do
Receipts at 28 public markets
. _ do
Shipments feeder to 8 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
SperlOOlbSteers, stocker and feeder (Kansas City)._do
Calves vealers (Natl Stockyards 111 ) do
Hogs:
Slaughter (federally inspected) thous animals
Receipts at 28 public markets.
do
Prices:
Wholesale, average, all grades (Chicago)
$ per 100 lb._
Hog- corn price ratio (bu. of corn equal in value
to 100 Ib. live hog)
Sheep and lambs:
Slaughter (federally inspected) thous animals
Receipts at 28 public markets _ ._
.do
Shipments, feeder, to 8 corn-belt States
do
Price, wholesale, lambs, average (Chicago)
$per!001b._
4
27
12
7
1
2
2
MEATS AND LARD
Total meats:
Production (carcass weight, leaf lard in) , inspected
slaughter
_ mil. Ib
Stocks (excluding lard), cold storage, end of
period
__.mil. lb._
Exports (meat and meat preparations)
do
Imports (meat and meat preparations)
do
Beef and veal:
Production, inspected slaughter. _ __ __ do
Stocks, cold storage, end of period
do
Exports
do
Imports
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New York)
$perlb_.
Lamb and mutton:
Production, inspected slaughter. .
mil. Ib
Stocks, cold storage, end of period
do ._
Pork (including lard), production, inspected
slaughter
mil Ib
Pork (excluding lard):
Production, inspected slaughter
do
Stocks, cold storage, end of period
do
Exports
do
Imports
do
Prices, wholesale:
Hams, smoked composite
$perlb
Fresh loins, 8-14 Ib. average (New York). .do
Lard:
Production, inspected slaughter
mil Ib
Stocks, dry and cold storage, end of period do
Exports
do
Price, wholesale, refined (Chicago)
$ per Ib
644
484
1 397
625
508
1 594
548
34
151
506
45
148
517
55
171
17 252 '18 270
286
304
29
34
1
967
1 129
1 592
222
2
113
1 608
239
3
113
1 536
249
2
129
264
.451
.473
.477
.477
.477
.466
.471
.484
3.474
.465
.484
.501
.546
.556
.521
.480
574
15
545
14
45
12
45
11
47
12
53
13
42
15
43
14
52
10
40
9
43
12
43
17
43
16
40
13
40
'12
15
' 13 899 1 024
r \ 357
1 239
1 242
1 254
1 127
1 233
1 253
1 130
1 064
1 074
'1 115 1 014
'222
237
14
18
24
25
1 022
256
15
26
1 033
251
14
10
938
264
16
21
1 026
270
12
39
1 042
324
10
33
935
299
23
33
877
246
13
28
880
'196
g
29
166
546
.484
567
.481
595
.484
547
.531
517
.507
559
.476
522
.495
536
.572
.572
.614
.631
.609
154
94
16
105
182
89
14
114
164
78
20
123
160
94
12
116
160
92
12
130
138
97
14
133
149
92
29
144
152
93
11
133
142
80
39
130
135
'76
15
.131
880
858
984
803
764
726
567
631
661
724
783
842
413
305
492
386
607
504
486
386
417
317
394
294
351
255
287
201
239
155
207
123
200
119
'248
' 163
.140
.130
1 OR4
1 154
10 750
286
56
307
11 330
256
92
324
830
245
4
27
881
196
11
24
943
197
jl
30
544
.515
537
.509
544
.569
545
.515
543
.539
1 835
151
189
126
1 862
94
172
112
140
121
10
108
146
105
16
105
805
332
226
.145
13 280
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)
mil Ib
9 218
8 915
Stocks, cold storage (frozen), end of period, total
mil. lb._
540
417
Turkeys
do
367
317
Price, in Georgia producing area, live broilers
$perlb__
.122
1.31
'1 Revised.
Annual total reflects revisions not distributed to the monthly data.
2
497
141
62
11
309
226
.155
.170
.135
.145
.145
.145
.115
.125
.130
.135
.120
2 Beginning Jan. 1969, data are for 38 markets; comparable
Dec.
1968
receipts:
Cattle
and
caves, 1,085; hogs 1,461; sheep and lambs, 213. 3 Beginning Jan. 1969, quotations are on
carlot rather than l.c.l. basis as previously.
September 1969
SURVEY OF CURKENT BUSINESS
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1987
edition of BUSINESS STATISTICS
1967
1968
| 1968
Annual
S-29
July
Aug.
Sept.
1969
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug,
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
POULTRY AND EGGS— Continued
Eggs:
Production on farms
mil. casesO..
Stocks , cold storage, end of period :
Shell
thous. casesOFrozen
mil. lb__
Price, wholesale, large (delivered; Chicago)
$ per doz__
194.9
192.6
16.1
15.7
15.1
15.8
15.4
15.9
15.9
14.7
16.6
16.3
16.9
86
89
59
72
262
110
229
109
150
102
172
92
91
82
59
72
56
61
71
56
52
52
173
50
237
53
300
61
.298
1.372
.369
.390
.501
.399
.437
.480
.485
.413
.445
.404
.334
Cocoa (cacao) beans:
Imports (incl. shells)
thous. Ig. tons
Price, wholesale, Accra (New York).___$ per Ib..
282.6
.288
228.2
.344
18.6
.291
15.3
.300
12.9
.363
10.8
.394
10.0
.465
17.4
.505
2.0
.433
23.4
.436
27.2
.460
14.3
.455
20.7
.443
Coffee (green):
Inventories (roasters', importers', dealers'), end1
of period
thous. bagsrf -.
Roastings (green weight)
do
2,311
21,291
5,076
21, 165
Imports, total
do
From Brazil
do
Price, wholesale, Santos, No. 4 (N.Y.)._$ per ib._
Confectionery, manufacturers' sales
mil. $._
21,312
6,069
.384
1,645
25, 377
8,318
.376
1,705
2,481
726
.378
97
2,397
773
.378
127
2,322
839
.375
194
1.687
552
.378
188
2,132
740
.378
172
1,945
699
.375
139
363
135
.375
146
1,111
345
.375
156
2,015
654
.383
152
2,195
643
.380
135
1,664
478
.378
118
mil. Ib..
253
285
235
258
275
288
287
285
248
219
193
188
Sugar (United States):
Deliveries and supply (raw basis) :5
Production and receipts:
Production
thous. sh. tons..
Entries from off-shore, total 9
do
Hawaii and Puerto Rico
do
4,106
6,391
1,958
4,396
6,680
1,707
72
714
184
90
788
184
158
532
92
793
570
215
1,066
439
128
1,008
269
87
690
2,034
35
381
46
46
70
98
99
116
174
145
10, 516
10,245
2,873
11, 089
10, 922
2,961
1,028
1,008
1,817
1,117
1,102
1,533
1,029
1,013
1,249
932
921
1,723
821
809
2,467
1,077
1,067
2,961
704
692
3,151
620
611
3,146
919
903
2,737
834
817
2,698
1,468
1,320
94
165
120
62
118
66
94
102
76
163
85
46
38
4,584
21,134
97
4,879
1,075
117
475
104
2
541
161
4
444
9
2
452
33
1
290
32
48
431
96
13
45
0
1
264
96
371
91
22
486
140
1
438
58
2
538
108
2
577
124
7
.073
.075
.076
.076
.076
.077
.076
.076
.077
.077
.078
.078
.078
.078
.075
.638
.102
.630
.103
.628
.103
.630
.103
.631
.103
.629
.105
.632
.107
.642
.107
.641
17, 989
13, 655
11, 644
16.0
16.0
15.7
'213
' 66
137
64
.351
.471
433
15.4
'.456
26.0
.478
.469
MISCELLANEOUS FOOD PRODUCTS
Fish:
Stocks, cold storage, end of period
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
Ido
sh. tons..
thous. sh. tons
do
do
Prices (New York):
Raw, wholesale
Refined:
Retail (incl. N.E. New Jersey)
Wholesale (excl. excise tax)
Iperlb
$ per 5 Ib
$perlb__
5,205
4,921
5,076
5,603
3,389
5.080
3,249
5,370
1,747
563
. 375
'115
1,714
529
191
201
'230
137
370
192
524
148
106
933
918
'2,580 p 2, 403
.624
.101
.624
.103
.635
.102
.635
.102
.636
.102
..thous. Ib.. 142,583 155, 335
Baking or frying fats (Incl. shortening):
Production
mil ib
3,225.7 3, 311. 9
Stocks, end of period©
do
139.2
142.7
Salad or cooking oils:
Production..
do
2,922.1 2,995.9
Stocks, end of period©
do
79.5
79.4
Margarine:
Production
_
do
2, 114. 1 2, 140. 9
Stocks, end of period©
do
59.9
49.1
Price, wholesale (colored; mfr. to wholesaler or
large retailer; delivered)
$ per Ib. .
.257
.256
11, 440
16,354
14,766
7,677
12,279
15,633
1,859
4,046
14,825
16, 785
238.9
124.3
297.7
136.2
292.4
125.4
317.0
134.7
296.6
119.2
275.3
142.7
286.4
127.3
272.3
133.4
291.3
132.7
268.7
142.1
287.6 '281.1
138.9 '144.5
244.4
130.3
230.1
69.6
245.0
73.2
239.4
64.9
261.5
69.7
230.8
74.8
234.6
79.4
241.5
84.8
215.9
76.4
248.9
80.0
258.4
73.9
283.7
91.4
'322.0
'74.7
254.0
62.4
162.3
52.6
168.0
52.8
168.0
50.1
199.7
56.3
179.6
45.8
196.6
49.1
214.9
51.2
175.3
60.2
181.0
56.1
169.3
58.7
165.1
58.2
' 169. 5
'54.1
160.7
54.8
.256
.256
.256
.256
.256
.256
.256
.256
.256
.257
.257
.257
42.0
43.9
44.3
'40.5
' 45. 6
'32.8
38.9
37.1
28.0
372.3 ' 363 8
211.6 ' 219. 9
306.4 '281.2
383.7
210.5
283.6
'27.2
7.1
' 130. 9
28.0
5.0
138.2
33.2
29.3
44.0 '43.6
'61.0
60.5
153.1 '154.2
34.2
33.0
19.1
41.3
52.2
139.4
31.6
<.620
.099
Tea, imports
245
.078
PATS, OILS, AND RELATED PRODUCTS
Animal and fish fats: A
Tallow, edible:
Production (quantities rendered)
mil Ib
Consumption in end products
do
Stocks, end of period 1
.
do
Tallow and grease (except wool), inedible:
Production (quantities rendered)
do
Consumption in end products
do__.
Stocks, end of period 1
do
Fish and marine mammal oils:
Production
do
Consumption in end products
do
Stocks, end of period 1
__ _
do
577.8
525.1
73.2
539.1
517.3
49.6
41.8
40.5
59.6
44.9
53.2
47.5
44.5
47.2
39.3
48.1
45.1
40.9
45.5
46.3
42.7
40.6
34.6
49.6
46.2
39.7
50.1
45.8
43.3
54.0
44.0
49.0
44.2
41.4
41.4
47.4
4, 753. 0
2,402.4
424.6
4, 745. 2
2, 478. 0
358.5
398.5
205.0
420.3
397.5
210.1
400.0
390.2
211.7
376.9
431.9
223.0
386.7
377.1
193.8
376.0
362.0
192.0
358.5
409.1
217.6
421.6
378.2
205.0
425.1
380.1
215.7
419.1
386.2
228.0
335.9
118. 4
'3. 0
146.3
170.8
69.9
155.8
36.2
6.5
163.0
30.9
5.5
177.8
26.3
5.8
188.3
20.4
5.2
178.8
12.1
5.5
159.2
6.5
4.6
155.8
.9
4.9
155.4
.9
6.4
122.5
.6
6.9
111.2
5.4
6.8
94.2
27.5
48.1
65.6
132.9
41.0
41.7
44.9
61.5
172.0
17.5
32.4
34.2
54.1
197.1
14.6
31.3
45.2
59.6
187.6
152.3
' 28.8
45.6
59.9
179.1
40.1
31.4
46.1
63.8
184.9
10.3
30.5
52.2
63.8
155.6
19.2
Vegetable oils and related products:
Coconut oil:
Production: Crude
. mil 11.
3350.5
392.1
30.9
34.9
34.0
Refined
do
565.1
44.1
548.7
51.4
41.9
Consumption in end products
.do 766. 1
730.7
57.2
54.2
61.1
Stocks, crude and ref., end of period If
do . . 2 133. 0
197.1
145.2
152.8
130.2
Imports
_
,io
523. 0
16.1
442.8
40.5
30.7
Corn oil:
Production: Crude
do
444.0
452.8
33.4
34.4
36.6
Refined
do
418.1
429.6
38.3
31.9
33.6
Consumption in end products
_ do
420. 6
439.6
39.5
37.4
33.5
Stocks, crude and ref., end of period^
do
37. 7 I
40. 5
51. 2
43. 5
41. 1
' Revised.
r> Preliminary.
« Corm-t. <t
i Beginning January 1968, data are not compariMo with those for earlier periods; prices are
based on minimum 80 percent A quartv (instead <>•' TO 79.9 percent as rorn erly). 2 Annual
total reflects revisions not distributed to the m o n t h l y data.
3 Less than 500 short tons.
* Beginning July 1967, prices based on 1907 benchmark; 1967 average is for July-Dec, period.
July 1967 price on old basis, $0.631.
20.8
5.2
123.5
38.0
41.4
39.5
37.8
36.1
44.0
39.5
39.5
40.1
36.8
35.2
36.3
33.8
38.8
33.0
31.8
38.8
36.8
39.5
33.8
40.9
40.2
36.2
34.1
36.6
31.3
33.6
37.4 ' 39. 9
33.3
39.7
39.0
40.5
43.3
49.8
54.7
68.5 '65.9
65.9
69.0
OCJises of 30 dozen.
cTBags of 132.27 31b.
§ Monthlj7 data ref! ect cumi ilative re visions
for pri or period s.
91ncludes <lata not shown se parately see also note"§"
AF or data
on lar d, see p S-28.
©Prod ucers' arid wareh ouse sto cks.
1Factory and wai•ehouse
stocks
September 1969
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
Annual
1969
1968
| 1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
1 Mar.
i
Apr.
May
June
July
Aug.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS. AND RELATED
PRODUCTS- Continued
Vegetable oils and related products— Continued
Cottonseed cake and meal:
Production
thous sh tons
Stocks (at oil mills) , end of period
do
Cottonseed oil:
Production: Crude
mil. lb_.
Refined
do
Consumption in end products
do....
Stocks, crude and refined (factory and warehouse), end of period
mil. lb_.
Exports (crude and refined)
do
Price, wholesale (drums; N.Y.)
$ per lb_.
Linseed oil:
Production, crude (raw)
..mil. lb_.
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) , end of period
mil. Ib . .
Price, wholesale (Minneapolis)
$ per lb__
Soybean cake and meal:
Production
thous sh tons
Stocks (at oil mills) end of period
do
Soybean oil:
Production: Crude
mil. lb__
Refined
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse), end of period
mil. lb__
Exports (crude and refined)
do
Price wholesale (refined* N Y )
$ per Ib
1,564.7
146.7
1, 574. 8
135.1
39.1
158.0
33.5
127.4
54.5
107.6
231.5
130.7
240.3
145.4
246.7
135.1
255.3
141.2
215.9
167.5
201.0
163.5
r 175. 0
192.5
155.0
215.5
' 106. 8
' 179. 4
67.6
155.0
1, 108. 3
1, 050. 8
1, 010. 5
1, 115. 1
1, 001. 5
909.6
27.4
34.4
62.4
22.9
29.4
63.0
39.6
30.0
59.2
162.6
99.3
76.9
167.7
124.8
68.9
173.7
125.4
70.3
186.2
144.3
70.3
155.8
130.4
66.1
145.6
119.8
66.0
127.3
119.9
74.7
112.4
109.4
69.7
'80.4
'94.0
'88.6
49.4
72.5
62.4
252.1
172.1
2
.154
272.7
61.7
.163
158.3
7.4
.184
118.7
.8
.193
98.7
3.3
.175
153.2
3.9
.134
213.5
12.0
.140
272.7
9.5
.140
345.5
2.6
.140
377.2
20.7
.140
430.0
9.5
.140
460.8
19.5
.140
466.2
12.8
.140
' 467. 6
4.9
.140
439.6
23.2
370.6
209.8
306.6
195.6
9.9
17.2
22.0
17.3
31.6
16.8
35.4
17.3
29.9
14.1
25.0
11.9
30.4
13.3
26.4
15.1
24.8
16.9
20.8
17.1
22.0
18.3
21.6
'18.2
12.8
16.9
213.3
.129
157.2
.127
179.2
.132
163.6
.126
162.2
.119
164.7
.119
168.6
.119
157.2
.119
152.8
.119
158.1
.119
164.2
.119
156.7
.119
151.9
.119
'131.4
.119
120.5
1.102.1 1, 022. 7
100.5
136.0
893.4
95.4
1,257.3 1, 281. 4 1, 207. 1 1, 139. 9 1,033.1
149.2
174.4
111.5
112.5
170.5
1,260.4
150.7
1,163.4
151.6
13,359.2 13, 468. 4
149.2
199.8
1,246.7 '1,164.7 1, 195. 7
137.9
162.4 '133.2
6,149. 9
5, 072. 8
5, 202. 7
6, 149. 6
5, 227. 9
5, 401. 6
507.6
392.6
413.3
477.6
427.1
444.9
408.6
444.4
457.0
578.8
446.7
496.0
584.1
439.5
442.1
544.6
462.4
467.8
524.2
460.1
489.0
474.6
448.3
429.3
578.5
506.4
478.8
537.6
479.1
443.6
582.4
466.3
485.4
'541.2
' 498. 7
'517.2
5*2. 2
452. 4
457.4
663.2
912.3
.120
588.6
823.4
.103
743.2
46.2
.092
695. 7
29.7
.092
539.9
124.2
.093
541.4
67.2
.092
562.6
56.4
.099
588.6
111.5
.099
525.8
58.9
.106
517.7
19.1
.106
611.0
18.6
.106
595.5
71.3
.107
623.5
43.2
.107
' 557. 2
120.3
.107
561.0
69.3
TOBACCO
Leaf:
3
Production (crop estimate)
mil Ib
1,968 3 1, 716
Stocks, dealers' and manufacturers' end of period
5,486
5,179
mil. lb_.
571, 559 598, 916
Exports incl scrap and stems
thous Ib
197, 109 217, 708
Imports, incl. scrap and stems
do
43, 696
18, 427
63, 939
18,335
4 937
73, 366
16, 656
38,781
18, 990
71, 322
13, 874
5,179
63,643
15, 215
8,144
20, 490
4,224
12, 776
5,005
42, 410
16, 870
39, 586
17,092
66, 505
17, 771
4,590
55, 541
20, 465
43, 536
16, 864
Manufactured:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
Taxable
Cigars (large) taxable
Exports cigarettes
4,788
44,093
532
1,810
5, 243
48, 947
616
3,088
5,470
44, 159
558
3,329
4,478
50,083
682
1,579
4,350
40,654
602
2,089
4,312
35, 161
400
2,589
3,122
45,580
484
705
3,009
41, 538
498
1,525
3,820
40, 138
536
2,136
3,590
40, 222
552
1,707
4,041
44,487
597
2,242
5,321
45, 249
578
2,958
2,597
8 852 11 220 13 616 18 837
*177
228
226
' 100
1 044 1 300 1 856
897
11 770
'l71
1,062
11, 862
6,200
2,121
millions
do
do
do
48, 971
527, 800
6,846
23, 652
53, 846
523, 007
6,759
26, 510
U,829
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value total 9
thous $
Calf and kip skins
thous skins
Cattle hides
thous hides
8 753 11 724 10 937
' 111
' 190
130
1 302 1 180
816
127 893
2 626
11, 987
128 679
2 212
12 636
61 300
36 044
7 109
78 400
30 912
5 203
7 200
3 469
$ per Ib
do
460
120
555
112
550
108
LEATHER
Production:
Calf and whole kip
thous skins
Cattle hide and side kip
thous hides and kips
Goat and kid
thous skins
Sheep and lamb
do
4 008
23* 394
8 456
28 375
4
24
6
31
247
033
764
413
359
390
1 616
2 094
2 225
2 821
2 560
2 651
Exports:
Upper and lining leather
thous. sq ft
71 769
77 266
4 249
5 777
5 220
Prices, wholesale, f.o.b. tannery:
Sole, bends, light
index 1957-59-100
Upper, chrome calf, B and C grades
index 1957-59 — 100
97 7
95 1
95 0
95 0
92 4
91 7
94 2
94 2
645,942
48, 136
529,461
106,902
7,524
2,055
40,504
7,072
2,217
2 884
156
122.9
129.7
128.7
113.1
125.9
118.7
134.4
120.0
133.0
Imports:
Value total 9
Sheep and lamb skins
Qoat and kid skins
thous $
thous pieces
do
Prices, wholesale, f.o.b. shipping point:
Calfskins packer heavy 9J4/15 Ib
Hides steer heavy native over 53 Jb
LEATHER MANUFACTURES
Shoes and slippers:
599, 964
Production, total t
thous. pairs
Shoes, sandals, and play shoes, except athletic i
thous. pairs.. 495,380
Slippers!
_.do
95, 620
Athletic t
--.do_
6,949
2,015
Other footwear t
do
Exports
_
do
Prices, wholesale, f.o.b. factory:
Men's and boys' oxfords, dress, elk or side
upper, Goodyear welt. ..index, 1957-59=100..
Women's oxfords, elk side upper, Goodyear
welt
index, 1957-59-100
Women's pumps, low-medium quality.. _do
r
Revised.
1
352
442
428
132
5 900
2 214
6 300
2 359
295
344
575
110
625
114
306
13 456
158
10 721
124
8
QQO
7Q
1 235
1 185
1 153
975
5 200
1 475
3 700
915
369
3 300
2 000
330
625
118
625
121
320
4 200
693
73
617
178
coe
CCA
123
100
550
122
658
274
650
135
650
178
650
170
600
148
347
694
2 335
2 183
1 966
'521
2,520
2 327
5 158
3 623
3 090
8 239
7 330
6 248
5 666
96 5
104 0
104 0
104 0
104 0
104 0
104 0
105 5
95 9
94 5
98 2
04. Q
94 2
97 8
96 6
95 9
59, 385
49,490
47, 564
53, 224
48, 651
52, 966
48, 998 ' 48, 364
47,074
47, 459
11,057
39,356
9,316
39,935
6,859
45, 033
7 428
40, 086
7 846
43,461
8,578
576
143
771
156
39, 610 '38,089 36,880
8 472 r 9 532
9 313
736
758
' 597
6 078
7 853
96 5
96 5
95 9
95 9
57,460
51,228
46, 710
9,933
41,387
9,057
678
571
642
128
584
491
663
155
158
146
145
737
213
195
242
143
132
232
217
OOA
190
128.7
131.3
134.2
135.4
135.4
135.4
135.4
131.2
131.2
131.2
131.2
120.0
132.9
120.0
135.5
120.0
138.0
120.0
138.0
120 0
138.0
121 5
137.9
124 4
138.0
124 4
138.1
127 2
137.8
127 2
139.0
127 2
139.0
193
9Includes data for items not shown separately.
t Re visions for Jan. 1965-July 1967 will be shown later.
358
1 845
697
172
636
127
130
1,103
288
312
1 987
'500
2 330
356
2 325
626
158
8 000
4 107
*473
5,600
1,646
683
293
322
2 443
641
176
11 200
5*951
763
1 955
*450
2 189
325
1 882
700
1 911
299
6 300
1 195
527
2 201
2 004
573
Annual total reflects revisions not distributed to the monthly data.
» Average for 11 months.
• Crop estimate for the year.
* Sep. 1 estimate of 1969 crop.
163
1 910
496
1 895
13 737
7,671
1fi9
SURVEY OF CURRENT BUSINESS
September 1969
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1968
1967
Annual
S-31
1968
July
Aug.
Sept.
1969
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
LUMBER AND PRODUCTS
LUMBER— ALL TYPES
National Forest Products Association:
Production, total
mil. bd. ft
Hardwoods
- do_ __
Softwoods
_ ___
do
35, 275
7,401
27,874
37,094
6,960
30, 134
3,140
592
2,548
3,221
621
2,600
3,193
592
2,601
3,381
622
2,759
2,981
625
2,356
2,818
514
2,304
2,937
581
2,356
2,993
586
2,407
3,314
622
2,692
3,415
612
2,803
3,257
671
2,586
3,075
674
2,401
3,055
673
2,382
35, 777
7,603
28, 174
38, 052
7,762
30, 290
3,253
608
2,645
3,322
631
2,691
3,205
648
2,557
3,454
657
2,797
3,056
702
2,354
2,794
582
2,212
2,976
694
2,282
3,051
719
2,332
3,343
766
2,577
3,331
674
2,657
3,310
730
2,580
3,066
706
2,360
2,982
686
2,296
5,744
1,377
4,367
5,086
914
4,172
5,279
1,038
4,241
5,194
1,034
4,160
5,196
995
4,201
5,094
975
4,119
5, 030
934
4,096
5,086
914
4,172
5,113
879
4,234
5,118
824
4,294
5,162
748
4,414
5,246
703
4,543
5,194
654
4,540
5,218
636
4,582
5,354
641
4,713
1,112
4,987
1,143
6,087
100
610
94
560
81
526
90
685
82
519
84
524
72
353
73
490
73
724
103
664
106
549
101
554
88
537
mil. bd ft
--do
8,222
579
9,047
822
795
752
666
645
790
742
726
662
674
657
755
822
755
898
530
809
668
818
696
704
612
542
577
439
697
526
- do
._ __do _
do
8,046
8,129
957
8,802
8,804
955
716
111
969
723
773
919
721
693
947
774
806
915
671
679
907
638
590
955
663
679
956
664
619
1,001
775
659
1,118
846
810
1,147
703
774
1.074
661
679
1,055
622
610
1,067
Exports, total sawmill products
_ _ . .-.do
Sawed timber
_ - _
_
do
Boards, planks, scantlings, etc
do_ _.
388
113
275
403
102
301
36
10
26
32
8
24
29
6
23
31
7
24
27
6
21
33
6
27
24
8
16
32
8
24
22
4
18
31
10
21
32
7
26
33
10
22
28
4
24
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
$per M bd. ft_Flooring, C and better, F. G., 1" x 4", R. L.
$ p e r M bd. ft_.
85.54
107. 85
108. 46
111.01
112. 36
113. 06
113. 06
123. 98
130. 11
137. 49
147. 11
140. 41
125. 96
109. 95
169. 99
166. 36
163. 31
163. 31
165. 94
169. 33
169. 33
175. 42
179. 83
195. 55
208. 29
213. 84
215. 44
213. 07
6,381
307
7,145
422
596
375
596
367
621
390
647
369
629
391
589
422
648
408
724
487
722
505
579
415
559
355
528
320
573
303
6, 415
6,348
6,870
7,030
590
589
579
604
559
598
645
668
596
607
579
558
681
662
634
645
670
704
701
669
666
619
651
563
642
590
Shipments total
Hardwoods
Softwoods
. -.
-_ _-
do
- do
do
Stocks (gross) , mill, end of period, total. _ do. _.
Hardwoods
do
Softwoods
- do
Exports total sawmill products
Imports, total sawmill products
_ do
do
SOFTWOODS
Douglas fir:
Orders new
Orders, unfilled, end of period
Production
Shipments _
._ _ _
Stocks (gross), mill, end of period
Southern pine:
Orders, new.
_.
._ _
Orders, unfilled, end of period
mil. bd. ft.
do
Production
_._
do. .
Shipments
do
Stocks (gross), mill and concentration yards, end
of period
mil. bd. ft
1,297
1,137
1,214
1,189
1,150
1,127
1,116
1,137
1,156
1,145
1,111
1,143
1,190
1,278
1,330
M bd. ft._
87, 436
90,477
7,649
7,538
7,790
5,536
5,222
10, 772
621
1,524
9,367
7,699
9,216
6,882
5,764
Prices, wholesale, (indexes):
Boards, No. 2 and better, 1" x 6", R. L.
1957-59=100-.
Flooring, B and better, F. G., I" x 4", S. L.
1957-59=100..
103.5
119.0
119.5
120.8
121.8
123.5
126.3
129.5
134.0
139.9
148.4
149.8
149.2
143. 9
106.0
113.0
113.7
114.5
114.7
114.8
115.5
116.6
121.0
125.6
128.9
130.2
130.2
128.7
10, 531
557
10, 881
539
994
640
946
608
985
616
1,006
615
789
600
757
539
748
616
731
564
864
530
769
452
839
416
794
389
881
391
_ do
do __
10, 180
10, 401
10, 851
10,900
955
978
988
978
1,015
977
1,003
1,008
804
804
812
818
702
671
807
783
922
899
908
847
904
875
800
821
849
834
Stocks (gross) , mill, end of period
do_
Price, wholesale, Ponderosa, boards, No. 3, 1" x
12", R. L. (6' and over).. . .$ per M bd. ft
1,445
1,396
1,359
1,369
1,407
1,402
1,402
1,396
1,426
1,450
1,473
1,534
1,563
1,542
1,557
71.95
87.72
87.67
89.03
89.99
94.11
98.64
106. 49
115. 76
129. 86
145. 12
163. 54
145. 05
110 28
547.0
20.1
496.5
23.9
39.2
19.1
45.1
20.7
47.0
25.6
45.3
26.1
36.2
25.7
32.1
23.9
38.6
25.8
34.1
24.6
31.2
21.8
27.4
17.5
29.2
14.1
30.1
12.7
38.7
16.8
551.2
552.2
57.9
459.3
485.1
23.5
33.4
38.2
44.0
38.3
43.0
38.5
34.6
40.5
30.5
41.4
44.8
27.1
34.4
36.1
25.3
31.4
33.0
23.5
38.6
36.7
25.4
32.6
33.3
25.4
33.9
34.0
25.3
35.4
32.9
27.8
33.0
32.4
27.7
31.2
31.6
26.3
29 7
34.1
22.0
Exports, total sawmill products
Western pine:
Orders, new
Orders, unfilled, end of period
Production
Shipments.-
mil. bd. ft
do __
_
HARDWOOD FLOORING
Oak:
Orders, new
Orders, unfilled, end of period
mil. bd. ft
do
Production.
.
.__
Shipments
Stocks (gross) , mill, end of period. .
do
do
- do __
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
_ thous. sh. tons
Scrap
do
Pig iron
do
1,685
7,635
7
2,170
6,572
11
142
479
1
176
624
1
269
764
1
207
539
1
306
801
2
327
576
1
132
282
1
173
233
0)
441
529
1
349
754
2
411
826
1
353
898
1
471
797
2
11,455
286
2
631
17, 960
327
799
1,505
30
81
2,138
16
92
1,698
17
124
1,485
24
99
1,550
19
72
1,425
38
73
510
24
8
568
25
6
876
31
22
1,505
40
22
1,727
37
41
1,432
63
76
1,412
42
34
thous. sh. tons.- 52, 312
_
do
2 32, 654
_ . do
85, 361
do
7,793
2 53, 284
2 39, 228
2
86, 766
7,868
4,730
3,022
7,128
8,385
3,830
2,560
5,934
8,414
3,506
2,641
5,787
8,340
3,905
3,105
6,610
8,288
3,823
3,044
6,723
7,987
3,998
3,248
6,892
7,868
4,471
3,383
7,706
7,535
4,334
3,534
7,439
7,467
4,857
3,963
8,311
7,454
4,798
3,877
8,054
7,520
25.06
27.00
22.59
24.00
22.40
24.00
23.01
25.00
22.74
25.00
24.00
25.00
23.79
26.00
25.83
29.00
27.35
29.00
26.38
28.00
25.33
27.00
28.32
30.00
29.10
31.00
Imports:
Steel mill products
.
Scrap
_ _ _ _ _ _ _-_ _ __Pig iron
do
- do
do
Iron and Steel Scrap
Production
Receipts
Consumption
___
Stocks, consumers', end of period
Prices, steel scrap, No. 1 heavy melting:
Composite (5 markets)
$ per Ig. ton
Pittsburgh district
do___.
r
3 27. 51
27.00
2
Revised.
*> Preliminary.
1 Less than 500 tons.
Annual total reflects revisions
not distributed to the monthly data.
3 For Feb.-Dec. 1967.
Aug.
SUKVEY OF CURRENT BUSINESS
S-32
1967
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1968
j 1968
Annual
September 1969
July
Aug.
Sept.
1969
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
5 884
6 104
July
May
June
9,514
10, 491
3 426
11,563
2,906
4 018
675
Aug.
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Ore
Iron ore (operations in all U.S. districts):
Mine production
thous. Ig. tons
Shipments from mines _. .
do..
Imports
do
1 84 179 ' 85, 865 9 459
i 83 016 '182,531 11 737
i 44 597 43 941 4 591
9 098
10 411
4 555
8 514
8 760
5 082
6 918
8 418
4 742
5 255
5 929
3 114
4 898
2 836
2 958
5 230
2 220
1 402
4 967
2 043
1 673
2,456
15 325
11 012
500
13 915
8 519
493
12 904
7 343
593
12 200
7 798
698
8,358
7 737
5 799
9 483
426
3 380
10 145
306
3 291
9 881
328
11,144
649
620
232
797
61 036
17 095
42 177
1 764
65
15
47
2
71
15
53
2
74
14
57
2
953
61
92
103
28
88,780
89 890
8,021
7 957
6,333
6 376
5,481
5 666
5,916
6 039
2 340
2 641
2 644
2 584
2 456
62.70
63.00
3
62 70
63 00
63 50
62 70
63 00
62.70
63.50
63 00
63 50
63 00
63 00
63 50
62 70
63 00
63 50
923
15 034
8 710
965
1 144
703
909
1 184
723
899
1 223
747
886
1 307
768
875
1 187
675
137
1 094
586
120
79
44
122
79
46
131
88
49
116
102
.56
131 0
i 131 462
1 135 0
11 452
138 8
8 956
108 6
8 086
101 3
293
1 857
i ^fi
371
1 731
1 437
280
129
109
279
129
109
83, 897
i 91 856
10, 368
5 263
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
do
119 435
Consumption at iron and steel plants
do _ - 118 982
Exports
do_
5 944
Stocks total, end of period
At mines
___ _
At furnace yards
At U.S. docks
_ _
do
do__ _
do
_ _ _ _ do__
Manganese (nin. content), general imports
71 238
13 130
55 121
2 987
do
1 086
118 581
120, 449
5 937
71
15
53
2
395
782
573
040
474
230
537
707
522
73
13
56
2
278
556
916
806
63
21
39
2
694
725
950
019
4 602
5*297
2 856
9 693
7 281
11 013
436
13, 330
656
12, 519
10, 751
523
60 000 56 765
25, 153 26 105
33 416 29 683
1 431
977
57 742
25, 127
31 617
998
57 602
23, 267
33 410
925
162
11,396
649
620
232
797
67 838
18 801
46 534
2 503
52
83
92
40
60
126
81
69
95
6,218
6 288
7,296
8,196
8 238
8,150
8 083
8,055
7,836
7 402
7,225
8,414
7 042
2 386
2 340
2 160
2 063
1 971
1 933
62.70
62.70
62.70
63 00
62.70
63.50
62 70
63 00
63 50
63 00
63 50
62 70
63 00
63 50
62.70
63.00
63.50
62.70
63.00
63.50
923
1 099
607
1 021
1 255
676
1 019
1 288
718
1,023
1 376
774
993 «•r 1, 032
1r 353
1 391
778
802
998
1,358
810
130
89
46
137
103
49
138
104
54
142
102
55
129
110
59
130
105
60
127
97
54
119
96
54
9 006
109 2
9 590
120 1
10 421
126 3
11 083
134 3
10 915
146.5
12 400
150 3
12 143
152 1
12 356
149 8
11 810
147.9
289
135
116
331
141
119
347
132
112
371
143
123
392
153
132
432
163
138
430
169
145
442
168
140
453
172
135
458
163
135
5 215
6 316
6 007
6 320
7 280
7,092
8 199
8,269
8,304
7,971
497
421
544
118
458
458
628
131
453
462
623
142
514
532
709
165
494
533
734
156
520
551
756
140
450
532
749
130
904
547
221
126
657
222
310
2 649
941
1 054
1 096
699
222
166
749
249
504
3 006
897
1 379
1,052
678
213
152
732
239
497
1 216
'776
263
167
1 017
286
576
3 185
'968
1 419
1,304
795
320
178
930
303
553
1,285
758
352
165
842
284
575
1,229
716
337
167
848
293
563
3,177
1,080
1,312
095
536
135
424
71
15
53
2
1 521
Pig Iron and Iron Products
Pig iron:
Production (excluding production of ferroalloys)
thous. sh. tons i 86 984
Consumption
-do _
87 371
Stocks (consumers' and suppliers'), end of period
thous. sh. tons
2 842
Prices:
Composite
___ _ - $perlg. ton62 70
Basic (furnace) .
_ _
_
_ _-do_..
63 00
Foundry, No. 2, Northern
_do. _.
63 50
Castings, gray iron:
Orders, unfilled, for sale, end of period
thous. sh. tons,
913
Shipments, total
do~
14 329
For sale
._ _ _ _ _ _ - - do _
8 128
Castings, malleable iron:
Orders, unfilled, for sale, end of period
thous. sh.tons
120
Shipments, total
_
_____
do _
1 041
For sale.. _
-_ _
-_do_614
63.50
7,020
7 290
Steel, Raw and Semifinished
Steel (raw) :
Production
thous sh tons
Index
daily average 1957-59=100
Steel castings:
Orders, unfilled, for sale, end of period
thous. sh. tons
Shipments, total
_ _ ._ do__ .
For sale, total
do
1 1 97 91 ^
11 365 p 11 408
137.8 P 138 3
Steel Mill Products
Steel products, net shipments:
Total (all grades) . .
thous. sh. tons
By product:
Semifinished products
do
Structural shapes (heavy), steel piling do
Plates
do
Rails and accessories __
_
do
Bars and tool steel, total
do
Bars: Hot rolled (incl. light shapes)
.do
Reinforcing
do
Cold
finished
do
Pipe and tubing
_
_ do
Wire and wire products
do
Tin mill products
do
Sheets and strip (incl. electrical), total do
Sheets: Hot rolled
do
Cold rolled
_ do
By market (quarterly shipments):
Service centers and distributors
Construction, incl. maintenance
Contractors' products
Automotive
Rail transportation
Machinery, industrial equip., tools
Containers, packaging ship materials
Other
do
do
do
do
do
do
do
do
Steel mill products, inventories, end of period:
Consumers' (manufacturers only). _ mil. sh. tons_.
Receipts during period
do
Consumption during period
do
1
4,061
6,133
7,948
1,434
13, 053
7,961
3,249
1,733
8,969
3,133
6,591
32, 574
9,312
14, 709
i 14 863
i 111,375
4 582
i 16, 488
4 821
6 149
8 401
1 462
530
671
926
165
254
370
513
63
291
385
457
72
350
438
540
110
479
428
523
99
13 660
8 497
3 241
1 815
10 078
3 393
7 267
36 624
10 782
16 336
1 521
963
376
173
1,113
361
960
4 121
1,264
1 830
887
477
279
123
666
205
320
1 984
616
787
818
444
251
116
520
210
544
1,919
530
789
965
551
267
137
600
252
770
2 293
685
943
937
559
239
131
626
239
334
2 343
723
985
3,748
3,030
i1 16 099
12 195
i 4 922
1
19* 269
3, 225
i1 4, 994
7 255
1
21, 115
i 5 469
i 7 902
i 22 952
9.1
62.5
63.5
10.5
70 1
68.7
5 6
6 3
12.5
96
9 9
9 o
914
1,294
3 283
3,352
1,034
1,448
21,564
1,056
1,482
2
1, 520
2 1, 102
2
431
2 1, 583
3,962
3,642
593
1,174
1 949
7,168
707
1,028
1 493
5 259
346
916
2529
1 401
2
619
1 741
5 783 2 2, 129
311
2516
2 629
2 2 212
10.1
6.2
6.2
10.1
6.0
6.0
14.7
5.0
5.3
13.3
4.3
5.7
59
6 4
61
9 1
70
9.8
7 7
9.6
7.9
953
12.0
5.2
6.5
021
720
142
828
3,263
4
2
1
4
2,279
1,171
1
2,892
2 1, 071
2414
2 1, 597
2
10.0
5.6
6.1
10.1
5.8
5.7
10.5
4.8
5.3
5.9
59
6 3
59
5 6
5 5
5.8
'5 6
9.3
8.0
9.5
83
9.9
9 0
10.1
9 2
10.1
9 5
10.3
9 5
10.3
9 6
10 4
9 5
Steel (carbon), finished. comDosite orice $ ner Ib
.0882
.0900 .0897
.0871
.0850
. 0873 .0865
.0872
.0891
.0891
r
l
2
Revised.
*> Preliminary.
Annual total; monthly revisions are not available.
For month shown.
3 For eleven months.
.0903
.0903
.0908
Service centers (warehouses)
do
Producing mills:
In process (ingots, semifinished, etc )
do
Finished (sheets, plates bars pipe etc ) do
10.1
6. 1
6. 1
1, 556
1,2 055
2
1, 399
425
2
11.0
4.7
5.7
15.0
7 0
5.1
2
2
2
2
2
2
294
499
618
2 125
9.8
5.6
5.9
p 10.0
p 5. 2
P 5. 0
p 5 8
r
10.5
9 5
r
.0908
p 10.8
p 9. 4
September 1969
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1968
1968
July
Annual
S-33
Aug.
Sept.
1969
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
309.4
91.0
323.8
90.0
313.0
88.0
July
Aug.
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous sh. tons
Recovery from scrap (aluminum content), do_
3,269.3
1
820. 0
3, 255. 0
873.0
226.0
61.0
246.5
72.0
__do-_ do
._do
450.5
56.3
209.0
685.2
61.8
180.3
61.2
11.9
Stocks, primary (at reduction plants), end of
period
thous sh. tons
Price, primary ingot, 99.5% minimum.. .$ per lb..
218.9
.2498
70.9
.2557
8,836.9
6,350.6
2,868.1
1,534.7
Copper:
Production:
Mine recoverable copper
thous. sh. tons _ 954.1
1,133.0
Refinery primary
_
_ _ _ __do
846.6
From domestic ores
do
286.4
From foreign ores
__do
394.5
Secondary, recovered as refined
do
269.0
68.0
293.4
78.0
291.6
72.0
300.1
72.0
313.6
77.0
286.1
77.0
317.2
77.0
40.3
52.5
49.7
38.4
51.8
30.5
45.1
49.2
42.1
41.1
41.4
20.4
16.7
18.1
16.4
11.6
4.8
7.9
57.9
13.1
12.1
31.8
23.7
24.5
38.1
114.2
.2600
91.2
.2600
93.9
.2600
99.2
.2600
99.4
.2600
70.9
.2600
664.6
.2655
52.9
.2700
54.6
.2700
51 0
.2700
45.0
.2700
43 4
.2700
.2700
9,991.7
7, 209. 8
3. 404. 6
1, 568. 3
696.3
516. 1
227.5
101.2
750. 2
550.0
252.7
120.5
779.9
564.0
255.4
125. 4
839.8
625.7
284.8
145.8
807.0
583.7
268.4
135.0
853.2
575. 0
270.1
133.4
885.0
642.8
307.9
156.5
880.8
637.7
322.0
144.4
907.6
659.3
317.9
151.6
r
909 4 r931.8
687. 8
651 4
312.1 'r 337. 4
152.7 151.7
927 2
650 5
315 2
145.5
i 1,204.6
1, 437. 4
1, 160. 9
276.5
400.9
123.5
158.4
129.8
28.6
33.5
127.8
168.8
136.9
31.9
31.4
120.5
153.4
128.6
24.8
32.0
127.8
181.0
151.0
30.0
32.6
122.9
165.2
139.4
25.9
33.7
123.9
162.0
131.5
30.5
34.7
120.9
154.0
131.4
22.6
37.5
118.6
131.2
115.4
15.8
32.0
132.9
155.3
126.5
28.8
37 9
135.6
149. 3
124.3
25.0
36.4
128.6
151.0
127 3
23 7
36.8
129 3
141.8
118 2
23 6
40.5
124.7
134.5
113.5
21.0
37.5
644.1
328.3
716.7
405.4
27.9
53.1
13.3
43.0
29.8
35.5
34.5
11.7
8.4
241.8
159.4
360.8
240.7
40.4
31.3
42.9
31.8
52.6
39.9
35.0
25.4
35.2
28.]
Consumption, refined (by mills, etc.)
do _ _ 1,948.2
169.5
Stocks refined end of period
do
114.1
Fabricators'
do
Price, electrolytic (wirebars), dom., deliveredt
$ per lb_. 2 . 3863
1,876.4
171.5
114.9
130.0
219.2
166.1
168.8
214.8
159.6
187.8
199.8
148.9
203.7
175.2
130.9
s . 4225
.4211
.4210
.4212
.4211
Imports (general):
Metal and alloys, crude
Plates sheets etc
Exports metal and alloys, crude
-
Aluminum shipments:
Ingot and mill products (net)
Mill products total
Plate and sheet (excluding foil)
Castings
- _ __
mil lb
do
do
_.do
Imports (general):
Refined unrefined scrap (copper cont.) .do
Refined
- - do _ _
Exports:
Refined and scrap
-do
Refined
- do. ..
Copper-base mill and foundry products, shipments
(quarterly total):
Cooper mill (brass mill) products
mil lb
Copper wire mill products (copper cont ) do
Brass and bronze foundry products
do
Lead:A
Production:
Mine recoverable lead
thous. sh. tons
Recovered from scrap (lead cont )
do
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 tons
Consumers' (lead content) cf
do
Scrap (lead-base, purchased), all smelters
(gross weight)
thous. sh. tons
Price, common grade (N.Y.j
$ perlb..
5.9
7.1
4.6
8.2
5.3
5.5
5.5
4.7
1.4
5.7
5.6
7.0
5.4
37.4
8.3
6.4
39.5
10.9
40.8
11.0
44 2
13.7
32 5
15 0
33.7
29.2
23.0
15.8
13.0
18.2
14.6
31.6
24.0
27.7
19.0
24 0
15. 7
23 7
17 0
23.2
16.3
179.6
165.2
112.7
162.0
171.5
114.9
179.6
187.6
118.4
174.8
179.1
105.2
180.3
165.9
103.5
187.0
153 8
106.6
183 6
152 3
108 5
r 194 1
r 138 g
r 104 1
P 141. 7
P164.5
p 122. 7
.4211
.4211
.4390
.4423
.4479
.4495
.4589
.4642
.4645
7.2
4.7
2 595
2,356
2 757
2,364
966
968
316.9
553. 8
i 359. 2
i 550. 0
28.6
37.5
31.0
44.6
29.3
46.4
42.1
50.4
37.9
48.0
37.9
44.4
37.2
49.9
35.1
49.3
38.8
53 8
42.6
50. 9
'44.2
49. 7
45.0
50.1
488.4
1,260.5
424.6
11,328.8
35.8
93.3
27.6
110.1
36 7
113.5
30.3
130.6
32.3
115.4
28.1
112.1
19. 1
115.0
26.3
104.8
36.5
116 5
47. 1
114.4
32. 1
115.9
34.6
114.6
160.2
1
5.7
770
688
8.5
617
269
38.1
146.8
152.8
155.2
157.7
157.1
153.2
146.8
139.4
143.5
134 0
136.7
135 5
135.0
4
4
15.1
83.8
29.4
116.1
29.6
105.1
22 3
100.8
19.5
84.0
15.2
83.8
15.1
83.8
14. 1
82.4
10. 1
87.9
11 2
105 7
12.9
121.3
18 7
127 6
18.1
135.6
4
58 0
.1400
54.5
.1321
55.5
.1270
53.1
.1250
50.9
.1250
50.1
.1279
48.1
.1300
54.5
.1300
55.4
.1341
54. 5
.1400
56 4
.1400
55.2
.1440
54 3
.1450
51.6
.1486
.1545
Tin:A
Imports (for consumption) :
3,255
Ore (tin content)
Ig. tons
49, 924
Bars, pigs etc
do
Recovery from scrap, total (tin cont.).- _ _do _ _ 1 122,667
3,176
As metal
do
Consumption, pig, total _
.do
80, 638
Primary
do
57, 848
3 266
57, 358
122,495
12 978
81, 961
58, 859
458
3,561
1,765
771
3,868
1,770
255
6,270
4,290
0
6,847
2,060
250
6,660
4,650
0
4,359
2,165
245
7,510
5,070
0
6,302
1,930
255
6,495
4,555
85
4,226
1,765
235
6,485
4,470
0
2,396
1,965
225
6,920
4,810
0
6,524
1,875
225
6,330
4,585
0
5,218
1,970
0
7,177
1,935
6
4,544
3 607
255
6,755
4 890
0
6,590
' 2, 120
'235
7,250
5,145
7 130
5 075
6,905
4,965
2,509
-do __
-_.do
18, 662
$ per lb_. 1. 5340
5, 027
18, 534
1.4811
84
211
18, 145
1. 4804
805
460
16, 360
1. 5107
110
14,985
1. 6250
13,810
1. 6518
198
244
15,515
1. 5552
137
15,635
1. 5681
154
581
15,325
1. 5900
Exports, incl. reexports (metal)
_
Stocks, pig (industrial), end of period.
Price, pig, Straits (N.Y.), prompt
Zinc:A
Mine production, recoverable zinc
thous. sh. tons_Imports (general):
Ores (zinc content)
do
Metal (slab, blocks)
do— .
Consumption (recoverable zinc content):
Ores
Scrap, all types
do
do
23 4
105 8
235
6,305
4,540
109
16,945
1. 4148
15, 680
1. 4185
16, 270 18, 534
1. 6214 1. 6346
.1550
o
275
14 940
1. 5667
194
1. 6200
1. 6590
!
r
549.4
i 529. 4
43.0
46.9
44.4
44.2
43.9
43.8
41.9
42.6
44.4
47.4
47 0
46.0
534. 1
221.4
546.4
305.5
50.8
20.2
53.9
22.9
51.1
14.9
41.1
24.4
54.9
23.6
44.1
31.2
48.8
16.7
43.6
22.7
43.1
2,4
37 6
29.8
59 6
32.1
71 6
25.9
i 124. 1
i 270. 6
9.2
19.7
9.5
19.4
10.9
19.9
10.7
19.8
11.4
19.9
10.5
19.3
10 8
19.0
9.3
18.8
10 1
19 7
10 8
19 3
11 9
19 7
10 7
19 0
1114 3
!240 9
Slab zinc:
Production (primary smelter), from domestic
87.1
87.8
and foreign ores. _ _
thous. sh. tons
86.7
1, 009. 3
1938.8
1
6.1
5.8
7.0
Secondary (redistilled) production __
do. 74.0
73.5
104.7
108.8
Consumption, fabricators'
do
1,236.8 11,333.7 104.7
3
.1
2.3
Exports
_____
...
-do
16.8
33.0
()
Stocks, end of period:
82.2
78.8
84.4
Producers', at smelter (AZI)O
do
67.4
81.9
78.9
Consumers' _ _
__ _
do
89.1
85.2
96.3
102.5
.1350
.1350
Price, Prime Western (East St. Louis).$ per lb- . .1384
.1350
.1350
r
Revised.
» Preliminary.
i Annual total; monthly revisions are not available.
2
Jan.-Aug. average.
3 Less than 50 tons.
* Reported yearend stocks. See BUSINESS
5
STATISTICS note.
Average for Apr.-Dec.
8 Beginning Jan. 1969, data are not comparable with those for earlier periods; stocks reflect different method of reporting by one
producer.
AData reflect sales from the Government stockpile.
564
.4832
831
630
239
559
222
.2700
89.5
91.9
91.4
94. 0
123.7
116.7
108.9
119.1
6.3
1.6
70.3
74.0
.1350
6.5
3
()
67.6
73.9
.1350
6.0
1.3
67.4
96.3
.1350
6.1
(3)
50.9
97.5
.1384
86.6
94. 5
92.5
93.7
92.7
113.8
126 8
117.8
115.8
4.9
117.8
.1
48.8
94.6
.1400
42.9
97.3
.1400
5.3
(3)
42.7
99.3
.1400
6.1
5.3
5.7
2
r
37.9
97. 9
.1450
49 4
32.8
5.0
.4
r>
38.1
102.3
.1450
43.7
51.1
.1450
.1450
tRevised. Beginning in the June 1969 SURVEY, averages are delivered prices; differential
between delivered and former refinery price is 0.400 cents per lb.
cfConsumers' and secondary smelters' lead stocks in refinery shapes and in copper-base
scrap.
O Producers' stocks elsewhere, end of Aug. 1969, 12,800 tons.
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
September 1969
1968
1968
Annual
July
Aug.
Sept.
1969
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
METALS AND MANUFACTURES— Continued
HEATING EQUIPMENT,
EXC. ELECTRIC
Radiators and con vectors, shipments:
Cast-iron
mil. sq. ft. radiation.
N on ferrous
- do
Oil burners:
Shipments
thous
Stocks end of period
- - do
Ranges, gas, domestic cooking (incl. free -standing,
set-in, high-oven ranges, and built-in oven
broilers) shipments
thous
Top burner sections (4-burnerequiv.), ship do
Stoves domestic heating shipments total- do
Gas
do
Warm-air furnaces (forced-air and gravity air-flow),
shipments total
thous
Gas
do
Water heaters gas shipments
do
19.8
84.8
.4
4.9
.5
8.6
.8
279.2
i 513. 2
353.9
677.7
29.5
43.3
35.3
63.7
35.1
12,084. 5
194.3
2, 273. 2
206.1
153.7
14.8
11,346.8
1 920. 0
1, 362. 9
968.5
11,448.7 1, 727. 1
1
1,145. 7 1, 372. 0
2, 602. 3 2, 705. 9
6.4
11.2
.5
7.7
.4
6.4
.5
7.7
.6
6.4
.6
6.3
.3
5.1
.3
5.7
.4
6.6
73.7
28.4
82.6
27.3
68.3
27.0
55.3
29.5
59.8
24.5
50.1
28.2
52.5
29.3
51.7
28.2
46.0
21.2
55.8
27.9
191.5
17.8
211.2
19.5
217 0
18 4
201. 0
16.7
202.8
16.6
179.7
14.7
191.7
16.6
226.3
18.7
197.3
15.5
203.0
17.0
213.3
17.8
129.4
102.1
139.4
105.4
174.9
125.1
197 7
144.4
143.7
108.7
76.7
52.3
73.3
42.6
61.4
32.1
83.4
51.5
80.4
51.8
'85.9
-•60.7
98.2
68.6
139.9
114.1
193.2
149.6
113 3
218.1
183.1
137 2
209.4
230 4
177 3
282 7
174.2
134.6
230.0
144.7
115.2
207.6
147.9
122.6
246.3
136.6
112 5
231.9
142.1
116 6
244.7
133.0
110.7
270.1
143.9
120.2
227.7
147.2
120 0
.7
MACHINERY AND EQUIPMENT
Foundry
equipment (new), new orders, net
mo avg shipments 1957-59—100
Furnaces (industrial) and ovens, etc., new orders
(domestic) net
mil. $
Electric processing
do
Fuel-fired (exc for hot rolling steel)
do
Material handling equipment (industrial):
Orders (new) index seas adjcf
1957-59 = 100
Industrial trucks (electric), shipments:
Hand (motorized)
number
Rider-type
do
Industrial trucks and tractors (internal combustion
engines) shipments
number
Machine tools:
Metal cutting type tools:f
Orders new (net) total
Domestic
Shipments total
Domestic
Order backlog end of period
Metal forming type tools :t
Orders new (net) total
Domestic
Shipments total
Domestic
Order backlog, end of period. .
mil $
do
do
do
do
do
do
do
do
do __
300.5
270.3
406.6
247.8
177 4
219.1
307.0
355.6
503.2
325.1
328.0
628.5
310.2
268.6
419.7
i 140. 7
i 12.3
i 71.6
i 121.2
i 12.1
164.6
7.7
.9
3.9
9.7
7
2.8
8.2
8
4.3
13.1
8.0
1.0
4.6
6.9
.8
3.9
12.0
12.4
1.0
9.0
9.2
1.7
4.0
.5
3.8
17.0
1.1
6.7
1.9
9.8
9.7
.6
6.6
10.4
8.4
1.2
4.7
197.9
220.4
270.2
200.6
219.2
218.2
231.0
233.8
254.9
275.4
216.0
288.1
287.8
233.8
11, 133
12, 174
10, 753
12, 243
845
1,139
907
807
891
939
845
1,007
1,055
1,089
1,028
1,027
1,116
1,026
1,081
1,046
1,248
1,267
1,221
1,284
1,394
1,257
1,336
1,205
1,037
1,494
41, 996
42,601
3,770
3,093
3,600
4,123
3,473
3,349
4,183
3,850
4,257
3,958
5,137
4,223
3,777
1, 134. 95 1, 079. 35
1,024.65
959. 90
1,353.20 1, 358. 30
1,211.05 1, 238. 30
809.6
1 088.5
105. 65
94.95
100.05
91.35
918.4
79.75
74.95
88.95
82.40
909.2
71.05
62.30
115 55
109.15
864 7
78.55
70.45
107. 75
100.90
835.5
97.60
88.60
103. 55
96.50
829.6
110. 15
98.55
130. 15
122. 65
809.6
91.20
76.00
86.45
82.80
814.3
93.15
83.15
97.70
90.60
809.8
115. 90
100. 85
105 30
94.70
820 4
182. 35
173. 60
101. 10
91.95
901.6
394. 75
360.55
368.60
324. 45
254. 5
29.75
27.30
26.95
23.50
186.0
26.75
23.40
32.90
30.40
179.9
22.75
20.90
26 90
24.95
175.7
56.35
54.10
32.90
29.15
199.2
80.20
76.70
26.50
23.05
252. 9
39.55
33.90
37.95
33.75
254.5
36.30
32.75
28 30
25.85
262.5
45.70
43.10
32.80
28.70
275.4
45 75
40.70
33 55
30.85
287.6
90.20
86.95
29 05
25.70
348.7
55.70
52.75
31.95
29.50
372.5
109.6
147.2
44.9
M3. 1
M6.2
4
163.7
^ 88. 6
479.8
* 7Q. 1
286. 65
248. 15
452. 75
406. 90
228.3
Other machinery and equip., qtrly. shipments:
Tractors used in construction:
13778
Tracklaying total
mil $
7
Wheel (contractors' off-highway)
- -do _ .
92. 8
Tractor shovel loaders (integral units only),
wheel and tracklaying types
mil. $
1 ? 407. 0
Tractors, wheel (excl. garden and contractors'
1986 2
off-highway types)
mil $
Farm machines and equipment (selected types),
1 203.5
excl tractors
mil $
i 453. 4
120.3
19.3
i 502. 6
125.3
129.7
1 938. 4
178.6
220.8
222.5
1,221.5
266.4
237.0
'363 5
Radio sets, production O _
_ __.
do
Television sets (incl. combination), prod.O _ _do
Electron tubes and semiconductors (excl. receiving,
power, and spec, purpose tubes), sales
mil. $
Motors and generators:
New orders, index, qtrly
1947-49=100
New orders (gross) :
Polyphase induction motors, 1-200 hp
mil $
D C motors and generators 1-200 hp
do
113. 20 ' 112.70
99.05 ^99.90
98.45 r 122 20
88.90 r 112.40
916.4 ' 906 9
'49 70
' 45. 60
'40 00
'35 85
' 382. 2
85.35
70.05
85.20
76.55
907.0
41.10
37.30
27.10
25.40
396.2
45.5
317.2
f
ELECTRICAL EQUIPMENT
Batteries (auto, replacement), shipments
thous
Household electrical appliances:
Ranges, incl. built-ins, shipments (manufacturers') domestic and export
thous
Refrigerators and home freezers, output
1957-59-100
Vacuum cleaners sales billed
thous
Washers, sales (dom. and export) t
do
Driers (gas and electric), sales (domestic and
export)
_
thous
.8
6.9
32 061
2,346
34, 960
r
3,000
3 567
4,029
3,722
3,673
3,768
2,680
2,329
2,094
1,950
' 2, 324
2,557
1 909.7
2, 309. 4
188. 7
180.9
170 5
232.5
201.7
194.1
194.0
196.7
208.0
212.9
194.2
200.6
209.2
145.8
5 677 4
4 376 0
165.6
6 653 1
4, 517. 9
165.6
515.2
374.3
114.1
551 1
431.3
182 2
642 6
445.1
191.3
682 1
455.9
166.3
563.4
344.8
159.7
699.7
298.7
188.0
560.7
355.5
205. 1
551.6
362.3
210.2
666.4
377.5
219.7
602 5
332.8
212.2
515.9
332.9
207.3
514 6
381.5
196.6
499 6
395.4
417.9
2, 642. 3
2, 861. 8
194.8
275.5
318.7
375.7
289.2
257.6
274.4
247.7
237.2
173.3
146.1
190.0
220.9
276.1
21, 698
10, 881
22, 566
11, 794
1,272
651
1,875
876
5 2, 415
5 1, 237
1,950
1,156
1,982
1,063
8 2, 449
s 1, 150
1,769
960
1,714
1,002
« 2, 085
« 1,235
1,532
865
1,534
845
s 1, 860
s 1, 070
' 1, 239
'614
1,826
712.0
690.1
47.5
57.3
59 5
60.4
55.8
59.0
56 9
60 6
68 1
64 4
64.5
69.5
«7.9
68.1
67.2
68.9
6
«8.7
4 2
68.9
48
6
9.8
56
6 9.5
5.3
68.8
4 8
900
14
1,014
18
1,038
39
926
76
880
59
765
194
205
206
«97.6
47 5
696.6
49 5
205
208
4.7
4 0
6
8. 9
4 4
6
9.0
4 8
3.7
3.9
236
'210
8.0
36
876
6
9. 9
4 2
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
thous. sh. tons_. 12, 256
Exports
do
595
Price, wholesale, chestnut, f.o.b. car at mine
$ per sh. ton.. 12. 892
Bituminous:
Production
thous. sh. tons_. 552, 626
11, 631
518
853
49
1,016
47
1,021
75
13. 813
13.475
13. 475
13. 825
545, 000 42, 586 50, 013 47,700
r
Revised.
i Revised total; monthly revisions are not available.
- Total for 11 months.
3
Reported yearend stocks. See BUSINESS STATISTICS.
4 pOr month shown.
* Data cover
5 weeks; other periods, 4 weeks.
6 Excludes orders for motors 1-20 hp.; domestic sales of
this class in 1968 totaled $108.6 mil.; June 1969, $10.0 mil.
? Effective 1st quarter 1967, tractor shovel loaders include types not 8 previously covered and off-highway wheel tractors
exclude types previously covered.
Data cover 6 weeks.
960
53
988
37
14. 175
14. 175
14. 955
14. 955
15.002
15.002
14. 708
14. 220
14. 220
37,704
44, 611
45,215
45, 905
39,990
42, 425
46,870
48, 705
43,210
1,000
48
917
17
952
' 35, 080 45, 585
ective with Apr. 1969 SURVEY, data revised back to Jan. 1966.
tRevised series. Monthly data for 1956-66 are on p. 35 ft. of the Mar. 1968 SURVEY.
J Revised to include combination washer-driers.
O Radio production comprises table, portable battery, auto, and clock models; television
sets cover monochrome and color units.
SURVEY OF CURRENT BUSINESS
September 1969
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1968
Annual
S-35
1969
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
PETROLEUM, COAL, AND PRODUCTS—Continued
COAL— Continued
Bituminous— Continued
Industrial consumption and retail deliveries,
480,416
total 9
- thous. sh. tons
271, 784
Electric power utilities
do
Mfg and mining industries, total
do
191, 066
Coke plants (oven and beehive) do._ - 92,272
498, 830
294, 739
188, 450
90, 765
40, 516
25, 126
14, 879
7,938
41,458
26, 530
14, 186
7,295
37, 471
22,850
13,624
6,646
39, 636
23,764
14,467
6,600
41, 357
24, 781
15, 196
6,710
46,472
27, 869
16, 759
7,302
48, 558
29,041
16, 919
7,452
42,268
24, 771
15, 490
6,971
44, 410
26,304
16, 594
7,665
17, 099
15, 224
465
681
943
1,357
1,339
1,830
2,597
2,007
1,509
93, 128
69, 737
23,212
10,940
85, 525
64,168
21, 169
9,537
89,404
66, 417
22,801
10, 321
91, 492
67, 529
23, 754
10, 545
96, 220
70,633
25,372
11,209
91, 966
68,880
22,885
9,540
90, 518
68, 613
21,725
9,554
85, 525
64, 168
21, 169
9,537
78, 152
58, 713
19,291
8,650
76, 056
57, 018
18, 913
8,222
125
Retail deliveries to other consumers
do
Stocks, industrial and retail dealers', end of period,
total
-. .- thous. sh. tons..
Electric power utilities
do
Mfg and mining industries, total
do
Oven-coke plants
._ do
38, 584 '39, 004
22, 383 '23, 142
15, 643 15,452
7,954
7,652
39, 466
24, 391
14, 709
7,743
530
374
335
72, 416
54,762
17, 569
7,422
77, 054
58,267
18, 699
8,001
82, 084
62, 097
19, 875
8,743
82, 763
62, 297
20, 316
8,822
85
88
112
150
__
179
188
186
209
215
201
180
188
148
Exports
do
Prices, wholesale:
Screenings, indust. use, f.o.b. mine
$ persh. ton_.
Domestic, large sizes, f.o.b. mine
do
49, 510
50,636
4,147
5,868
5,406
3,783
4,534
4,249
3,654
2,939
2,680
4,503
6,010
5,712
5.217
6.795
5.397
6.944
5.336
6.671
5.336
6.727
5,336
6.810
5.467
7.021
5.607
7.421
5.804
7.488
5.804
7.456
5.804
7.456
5.804
7.456
5.847
6.988
5.897
6.988
5.932
7.081
thous sh tons
do
do ..
806
63, 775
18, 187
774
62, 878
19, 038
64
5,453
1,636
60
5,045
1,692
51
4,633
1,627
46
4,613
1,622
48
4,669
1,577
48
5,137
1,651
43
5,177
1,481
42
4,873
1,482
52
5,297
1,675
60
5,312
1,674
53
5,523
1,689
53
5,347
1,771
47
5,126
do _ _
do
do
do
do
5,467
4,961
506
1,364
710
5,985
5,637
348
1,239
792
4,312
3,953
359
1,260
42
4,738
4,329
409
1,281
54
5,393
4,969
424
1,319
58
5,759
5,364
395
1,233
68
5,929
5,590
338
1,240
82
5,985
5,637
348
1,239
99
5,865
5,542
323
1,298
105
5,565
5,278
286
1,299
77
5,019
4,796
223
1,261
157
4,507
4,310
197
1,309
148
4,162
3,969
193
1,318
130
3,896
3,729
167
1,382
178
3,764
3,594
169
number
15, 367
$perbbl._
3.02
mil. bbL_ 3, 582. 6
% of capacity. _
93
14,426
3.06
3, 774. 4
'93
1,320
3.06
328.1
93
1,162
3.06
328.5
93
1, 350
3.06
312.4
92
1,185
3.06
319.5
91
1,159
3.06
304.8
90
1,877
3.06
324.7
92
1,156
3.06
303.8
86
799
3.06
299.3
94
1,344
3.18
325.7
92
1,094
3.21
312.1
92
1,036
3.21
326.2
'90
1,277
3.21
324.7
92
1,091
4, 921. 0
420.7
409.7
398.6
414.3
399.9
427.0
427.7
388.9
' 435. 9 418.8
429.1
417.1
3, 328. 9
550.3
283.9
46.1
283.0
45.7
268.0
44.6
276.4
46.7
269.3
46.5
276.1
48.3
275.0
'48.7
249.4
'45.5
280.1
'49.7
277.0
'47.6
289.3
'49.3
288.3
47.2
474.7
563.7
45.7
44.7
43.2
37.5
42.5
43.1
45.9
45.1
40.8
43.1
52.1
50.0
37.6
66.4
40.1
53.9
48.4
57.9
46.1
48.1
46.6
43.8
43.8
37.8
-5.8
-36.1
-61.2
-32.6
Retail dealers
_
COKE
Production:
Beehive
Oven (byproduct)
Petroleum coke§ _ _.
Stocks, end of period:
Oven-coke plants, total
At furnace plants
At merchant plants
Petroleum coke_
Exports
do
__
4,836
181
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed
_
Price at wells (Oklahoma)
Runs to stills
Refinery operating ratio
All oils, supply, demand, and stocks:
New supply, totaled
- mil. bbl__ 4, 656. 3
Production:
Crude petroleum
_ __
do
3, 215. 7
Natural-gas plant liquids. _
. . do
514.5
Imports:
Crude and unfinished oils
do
411.6
Refined products
do
514.3
Change in stocks, all oils (decrease,—).
do
63.0
55.5
31.1
19.6
21.9
9.1
Demand, total
Exports:
Crude petroleum _ _
Refined products
Domestic demand, total 9
Gasoline
Kerosene
do .. 4, 593. 3
4,872.8
389.8
393.9
375.8
406.8
406.8
463.3
490.3
do
26.5
.do
85.5
do
4,481.2
do ._ 1, 842. 7
do
100.1
1.8
83.4
4, 787. 6
1,955.8
103.1
382.8
180.5
4.3
.1
6.8
386.9
179.3
6.2
.1
7.4
368.3
159.8
6.6
.1
6.5
400.2
170.1
7.8
.4
6.6
399.8
158.4
10.5
.1
7.2
456.0
161.7
13.4
0
5.8
484.5
158.4
15.5
Distillate fuel oil
Residual fuel oil.
Jet fuel
_.
__
_
_
__
Lubricants
Asphalt.
Liquefied gases..
Stocks, end of period, total f
_.
Crude petroleum
.
Unfinished oils, natural gasoline, etc .
Refined products
Refined petroleum products:
Gasoline (incl. aviation):
Production
Exports
Stocks, end of period
_
_
(2
!o
17.4
28.9
25.8
420.7
437.8
402.8
390.7
2
414.3
145.2
11.9
.2
6.9
430.7
159.8
10.2
.1
6.7
396.0
168.6
5.8
401.9
2
7*. 6
394.1
177.6
5.5
e!i
(2)
7.5
383.2
173.1
4.5
do.—
do
do
818.2
651.9
300.8
862.7
679.9
348.3
46.0
46.0
29.2
49.5
44.1
31.1
53.8
48.3
29.7
62.4
50.9
32.9
76.4
57.6
'28.5
106.7
71.4
29.4
119.2
82.5
28.9
96.3
68.1
26.2
91.1
68.1
30.6
66.9
58.6
28.7
58.7
51.8
29.8
51.6
47.5
31.4
do
do do
44.1
131.1
344.5
48.2
141.1
385.7
4.3
19.9
28.1
4.1
20.0
27.8
4.0
17.5
27.1
4.4
17.0
32.9
3.8
9.0
36.4
3.9
5.5
42.7
3.7
4.0
52.1
3.6
5.1
39.1
4.0
5.7
38.2
4.2
9.3
31.6
4.4
13.5
29.1
4.1
17.0
29.4
do
1944.1
do __. 249.0
do . .
^e.o
do
i 599. 2
999.6
272.2
98.9
628.5
991.0 1, 010. 5 1, 032. 5 1, 041. 5 1, 035. 7
266.4
265.8
262.8
266.3
271.6
104.2
98.4
102.7
101.5
99.9
621.0
641.5
671.2
673.7
664.2
999.6
272.2
98.9
628.5
938.3
279.5
96.0
562.8
905.7
265.3
99.4
541.1
904.7
264.2
100.6
539.9
922.1
273.2
106.6
542.3
951.0
281.3
111.5
558.3
976.9
284.5
110.3
582.0
do
1,845.8
do
4.9
.do .
208.0
1,940.0
2.3
211.5
170.3
.2
193.1
170.3
.1
186.1
167.2
.2
195.1
Prices (excl. aviation) :
Wholesale, ref. (Okla., group 3)
$ per gal_.
.113
.117
.115
.115
.115
Retail (regular grade, excl. taxes), 55 cities
(1st of following mo.)
$ per gaL.
.226
.230
.230
.234
.234
Aviation gasoline:
Production
mil. bbl_.
37.1
31.6
3.1
2.7
3.0
Exports
do
4.0
2.1
.1
.2
.2
Stocks, end of period
do
7.9
6.4
7.0
6.3
6.3
Kerosene:
Production
do
100.4
7.0
101.6
7.6
7.5
Stocks, end of period
_
do
25.4
25.7
23.5
27.2
28.0
Price, wholesale, bulk lots (N.Y. Harbor)
$per gal_.
.110
.113
.115
.115
.111
T
Revised.
1
See note "If" for this page.
2 Less than 50 thoiisand ban"els.
cf Includes small amounts of "other hydrocarbo ns and h ydrogen refinery input," not
shown separately.
1f Beginning 1967, data reflect change in reportin g to sho\\r all stock s of unfi nished c ils,
natural gasoline, plant condensate. and isooentane as one iteiri, and sto(;ks of "fiilished pr od-
-2.0
166.6
2
193! 2
162.4
.1
198.9
172.9
.1
211.5
159.2
.1
214.5
151.6
.1
222.6
163.9
(2)
229.2
154.3
.2
216.6
167.1
.4
207.7
166.0
.2
201.8
.110
.110
.110
.115
.113
.123
.118
.115
.115
.228
.226
.235
.235
.233
.244
.242
.245
.242
3.0
.2
6.7
2.4
.1
7.0
2.3
.1
7.0
1.5
6.5
1.7
.1
6.5
2.7
(2)
6.6
2.0
.1
6.0
2.2
.3
5.5
2.4
.1
5.3
8.7
28.7
8.7
27.1
9.9
23.5
11.3
19.4
11.0
18.6
10.4
18.9
7.2
20.3
7.1
22.0
7.9
25.3
(2)
.235
.111
.111
.111
.111
.111
.111
.111
.111
.111
ucts" as anoth er (both items in elude sto cks at refineries, natural g as proces sing plants, terminal 3, and biilk static ns). Also , as a res ult of in<3reased c Dverage i n certain bulk terminals
stocks of distil ate and residual fuels are on a ne w basis. Dec. 196 6 data 01i new basis (mil
bbl.): Total stc cks, 881. 1; distillsite, 158.1 residual ,63.9.
9 In eludes dcita not s lown sep arately.
§ Inchides non marketat>le catalyst coke.
September 1960
SURVEY OF CUKRENT BUSINESS
S-36
1967
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1968
1968
Annual
July
Aug.
Sept.
1969
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug,
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
Distillate fuel oil:
Production
mil. bbl
Imports _ _ _ __do _
Exports..
do. __
Stocks, end of period
do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
$ per gaL_
Residual fuel oil:
Production
mil. bbl
Imports
do
Exports
-do
Stocks, end of period
-. _ _ .
do
Price, wholesale (Okla., No. 6)
$ per bbL.
804.8
18.5
1
840.7
36.6
4.3
1.8
173.2
159.7
71 7
2 9
70 5
.1
2.2
.1
168 1
191 4
66 1
26
66 0
22
66 1
25
71.2
.1
4.7
.1
206 0
211 8
204 0
173.2
.4
.1
69.4
66 4
74 0
7.3
.1
6.0
.1
7.0
.1
130.6
106 6
96.6
66.7
67.3
2.6
.1
71.3
3.5
.1
99.8
110.9
132.6
2.2
.2
.100
.103
.105
.105
101
.101
.101
.101
.101
.101
.101
.101
.101
.101
276.0
395.9
21.9
*65.6
1.47
275 8
421.6
20.0
67.4
1.40
21 2
30.4
1.2
72.4
1.35
21 4
24.7
1.9
74.3
1.35
19 4
31.3
1.3
75.8
1.35
20 4
32.6
1.3
76 9
1.35
23 7
31.8
1.0
74.0
1.35
27 6
38.3
1.5
67.4
1.35
27 9
54.5
25 1
42.6
25 3
41.4
23 6
38.8
21 2
34.2
19 4
29.1
63.0
1.60
59.9
1.60
57.2
1.45
60.2
1.45
62.6
1.45
62.5
1.45
273.2
22.2
314.3
24.3
26 9
24.8
27.5
24.4
27 4
25.1
29 3
24.8
25 8
24.8
25 9
24.3
24.5
22.9
25 4
24.9
26.8
25.6
27.5
26.8
27.8
28.3
28.2
28.4
64.9
18.7
14.8
65.7
18.2
14.0
5.5
1.9
5.7
1.5
5.6
5.8
13
13 7
17
13.8
13
14.0
4.4
8
5.6
1.4
13.8
18
13.5
4.7
1.9
13.6
13.9
13 8
14.0
13.9
17
13.5
12.8
.270
.270
270
.270
270
270
.270
270
270
.270
.270
. 279
.270
.270
mil. bbl
. . do_ _ _
127.8
19.9
135.5
20.1
15.3
23.0
15.7
19.1
14.8
17.2
14.0
15.0
10 9
17.4
5.5
6.2
8.5
20.1
21.9
24.4
27.3
10.2
28.4
12.9
28.3
14.3
26.1
Liquefied gases (incl. ethane and ethylene): §
Production total
mil. bbl
At gas processing plants (L. P.O.)
do
At refineries (L. E.G.)
do
Stocks (at plants and refineries)
..do.. -
438 1
326.6
111.5
64.2
469.3
351.3
118.1
76.2
39 1
29.0
10.1
81.1
39 1
28 6
10.5
86.6
38 4
28.6
39 2
30 3
41 6
31.8
40.9
31.8
38 9
29.8
91.9
39 3
30 0
9 3
90.8
85.5
76.2
58.4
52.5
43.0
32.5
10.5
51.7
41.4
31.1
10.2
57.2
42 7
31.9
10.8
65.6
40.8
30.1
10.7
72.5
8 020
7 322
2,804
' 4 518
Jet fuel (military grade only) :
Production
Stocks, end of period
mil. bbl
_ __ __do.__
Lubricants:
Production.
_.
do
Exports
do
Stocks, end of period. _ _ _
do
Price, wholesale, bright stock (midcontinent,
f.o.b., Tulsa) $ per gal
Asphalt:
Production.
Stocks, end of period-
Asphalt and tar products, shipments:
Asphalt roofing total
thous squares
Roll roofing and cap sheet
- _ _ _do._
Shingles, all types .
do
Asphalt siding
Insulated siding
Saturated felts
9.8
5.5
8.9
5.4
7.8
9.8
9.1
9.1
5.5
1.4
76 500
30, 509
45, 991
77 984
31, 032
46 952
3', ooo
5 020
8 086
3,169
4 917
8 343
3^346
4 997
8 497
3,375
5 122
6 110
2,549
3,562
4 538
1*972
2 567
4 612
2 001
2 611
5 022
2,160
2 862
5 159
2,189
2 970
6 136
2,473
3 663
468
445
876
422
411
886
31
43
77
41
46
81
44
42
82
55
53
89
48
28
70
29
19
62
32
10
64
24
13
70
22
23
68
26
34
73
33
34
78
4 967
5 320
3 771
do
do
thous sh. tons
5.3
1.9
5.7
r
8 082
r
3, 138
r
4 944
7 711
3,048
4 663
32
40
83
30
48
73
5 258
5 413
3 597
5 224
5 078
3 770
r
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulp wood:
Receipts
thous cords (128 cu ft )
Consumption
do
Stocks, end of period.
do
Waste paper:
Consumption. ._ ___ . .
thous. sh. tons
Stocks, end of period
do
2
57
2
219
55 773
6,825
57 155
58, 358
5,031
4 973
4 755
5 017
5 047
5 021
5,008
4 933
4 733
5 274
5 337
5 235
5 398
4 804
5 099
5' 127
4 566
4 738
5' 031
4 860
5 153
4 671
4 666
4 829
4, 458
5 057
5* 387
4' 254
4 845
5 050
4*092
9, 888
10, 285
826
586
761
535
885
510
850
513
929
548
858
544
798
586
882
584
827
580
931
570
'903
585
2
36, 660
2
1, 448
2
23
925
2
2 997
3 290
3 053
3 360
3 190
2 898
3 249
3,049
1 913
2 113
1 953
2 180
214
2 074
*204
1 803
2 110
] 979
188
iby
3 418
' 156
9 251
2 563
37, 903
1,725
24, 308
2 508
3 879
2 1, 460
2
3, 385
4 237
1,540
3,584
340
131
291
363
137
318
344
128
298
363
136
316
355
104
287
345
130
286
361
131
303
do
do
do
do
863
365
418
80
741
278
376
86
797
323
404
71
801
344
383
74
746
315
364
67
787
346
371
70
775
339
367
68
741
278
376
86
771
322
374
75
Exports, all grades, total.- _ .
Dissolving and special alpha
All other
do
do
do
1 710
1,902
607
671
1 102
1 231
179
49
130
176
72
103
163
66
97
128
32
96
165
65
99
191
64
128
Imports, all grades, total
Dissolving and special alpha
All other.
do
do..
do
3 238
292
23
270
283
23
261
258
26
232
304
27
277
299
19
280
346
38
308
49, 444
22 122
22* 821
3,873
1 733
1 774
4,197
1 834
1,966
4,017
1 810
1 808
4,436
1 975
2' 044
4,108
1 843
1 889
4,100
1 829
l'926
4,433
1 995
2 093
WOODPULP
Production:
Total, all grades
Dissolving and special alpha
Sulfate.-..
Sulfite
thous. sh. tons
do
do
do
Oroundwood. .
Defibrated or exploded
Soda, semichem., screenings, etc
Stocks, end of period:
Total, all mills
Pulp mills
Paper and board mills
Nonpaper mills.
do
do
- __do_
2
2
3 162
265
2 ggg
3 540
302
131
191
150
209
133
197
151
166
142
141
r
r
883
577
786
610
3 603
3,536
3 329
2 456
'l99
2 397
9 973
196
181
36°
135
295
338
132
277
344
9
915
' 574
200
3 433
124
2 344
' 189
333
128
288
364
134
308
347
129
298
363
135
305
?(}'>
815
313
422
80
8Q9
r 840
331
396
79
336
442
84
••430
r 83
r 433
113
31
82
125
37
88
169
67
102
178
74
104
212
70
142
171
61
111
9Q7
9
28')
324
22
267
305
313
26
288
355
27
328
331
23
308
349
27
329
338
26
4,212
I 874
9 025
4,676
2 051
2*236
' 4, 508 r 4, 597 P 4, 535
r i 955 T \ 974 p } ggg
r 9' 156 r 9 221 p 2 180
p 11
r 12
12
385
••390
^376
p 4, 210
P i 794
P 2 044
157
131
18
144
327
151
80
127
796
84
436
75
6
145
3^9
PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census) :
All grades, total, unadjusted. __thous. sh. tons.. 246,893
2
Paper., . ._
do
20 703
Paperboard
do
222 346
Wet-machine board
do - 2 146
2
Construction paper and board
do
3, 697
New orders (American Paper Institute) :
All grades, paper and board
do.
46, 074
Wholesale price indexes:
Printing paper
1957-59 = 100
101 9
Book paper, A grade
do
117.6
Paperboard
do
95 0
Building paper and board
do.
91.9
r
Revised. * »Preliminary.
e Corrected.
'See
note "f for p. S-35.
2
Reported annual total; revisions not allocated to the months.
4,358
10
355
50, 207
3,945
101 4
119.6
92 2
92.8
101.9
120.5
90 6
92.3
142
11
386
12
386
12
406
10
366
10
334
12
333
12
301
12
377
4,269
4,074
4,544
4,158
3,983
4 480
4 236
4 714
4 611
r 4 720
P 4 545
120.5
90 6
92.3
100.6
121.0
90.9
93.5
100 6
121.0
91 0
93.7
100.6
121.0
91 0
93.8
100.6
121.0
91.4
94.8
10° 7
121 0
92 2
97.3
109 '* 1
9
10
9 7
109 7
121 0
93 5
100.4
102 7
122 1
93 5
100.7
102 7
123 2
93 5
99^4
11 0
9 l> (>
98. 2
iio
93 6
99 .'e
P g
P363
§Data have been restated to include production and stocks for chemical use (formerly
excluded).
SURVEY OF CURRENT BUSINESS
September 1969
1968
Unless otherwise stated, statistics through 1966 1967
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
Annual
S-37
1968
July
Aug.
Sept.
1969
Oct.
Nov.
Jan.
Dec.
Mar.
Feb.
May.
Apr.
June
July
Aug.
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS— Con.
Selected types of paper (API):
Fine paper:
Orders new
thous sh tons
Orders unfilled end of period
do
Production
Shipments
Printing paper:
Orders new
Orders, unfilled, end of period
Production
Shipments
Coarse 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.
. .
2 645
157
2,880
216
232
217
226
208
232
226
243
223
237
226
210
216
274
243
260
244
269
237
271
260
287
267
"256
"270
do
do
2,659
2,658
2,864
2,833
221
224
233
225
229
229
260
253
239
223
235
235
264
265
248
247
256
256
258
259
270
270
"256
"256
do
do
6 335
6 865
502
554
546
564
506
560
528
635
541
541
495
533
502
594
498
557
557
620
520
581
551
633
561
"568
"546
do
do
6,332
6,332
6 737
6,737
526
526
566
566
557
557
615
615
552
552
557
557
592
592
551
551
617
617
592
592
619
619
"580
"580
do
do
4,678
214
5 012
264
380
236
425
251
437
299
441
275
421
282
392
264
463
272
422
282
460
292
415
260
424
257
"443
"289
do
do
4,753
4,685
4 992
4 931
379
380
409
414
419
421
425
424
430
422
412
413
443
444
428
423
467
460
417
413
440
429
P442
do
do
do
8,051
8 031
8 096
693
617
402
639
634
408
576
622
362
719
760
320
702
761
262
683
742
203
710
644
268
681
615
334
743
726
351
690
684
358
748
794
311
720
721
309
751
705
362
do
do
do
2,620
2,602
39
2 935
2 946
27
240
244
46
253
247
51
240
240
52
257
259
50
248
255
43
233
249
27
275
265
38
252
251
38
279
274
44
265
262
47
277
269
55
273
275
53
269
256
63
6,907
7 025
509
559
599
645
652
630
564
541
638
616
661
607
582
630
633
681
704
659
660
628
633
644
655
673
662
678
647
683
Consumption by publishers d"
do
Stocks at and in transit to publishers, end of
period
thous. sh. tons
Imports
do
Price, rolls, contract, f.o.b. mill, freight allowed
or delivered
$ per sh. ton_.
Paperboard (American Paper Institute) :
Orders, new (weekly avg.)
thous. sh. tons
Orders, unfilled §
do
Production, total (weekly avg.) _
do
Percent of activity (based on 6.5-day week)
449
7,968
268
6,599
6 462
542
505
451
568
514
636
489
510
532
567
532
601
139. 95
141. 40
141. 40
141. 40
141.40
141. 40
141. 40
141.40
146. 10
146. 10
146. 10
146. 10
146. 10
146. 10
444
618
439
87
454
869
480
433
847
421
513
877
497
470
895
469
536
921
512
511
966
502
454
869
518
467
894
509
530
943
512
556
523
1 009
1 042
528
509
534
173.834
13,569
15,390
15,348
17,156
15,123
13,861
14,884
14, 141
15,474
15, 796
16,056
138.0
130.4
144.9
141.8
161.2
136.1
142.2
r
r
134. 1
r
Paper products:
Shipping containers, corrugated and solid fiber,
shipments
mil. sq. ft. surf, area.. 162.596
Folding paper boxes, shipments, index of physical
volume
1947-49=100..
203
"441
134.5
137. 4
139. 1
r
141. 4
534
1, 032
528
1 035
604
464
1 048
529
463
14, 765
14,754
15, 519
'143.4 ' 139. 6 " 138. 8
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. ¥.)__$ per lb..
Synthetic rubber:
Production.. _ _ _
Consumption
_
Stocks, end of period
thous Ig tons
do
do
Exports (Bu. of Census)
Reclaimed rubber:
Production.. _ . . _ . _
Consumption,
Stocks, end of period.. _ .
50 54
!08 52
488 85
111.66
452. 80
581 86
107. 76
540. 17
41 42
99 57
51.26
46 83
103 02
46 06
49 70
107 19
63 30
54 57
104 69
36 24
48 97
99 79
43 69
46 79
107 76
49 58
50 41
98 00
21 81
46 40
92 15
49.00
50 01
104 71
59 78
49 29
107 43
54.39
48.90
.199
.198
.208
.210
.201
.215
.228
.228
.221
.231
.259
.270
.260
.268
.285
1 911 87 2 131 10 171 50
1,628.26 1 894 38 135 69
369 94
369 98 375 64
178 63
154 23
374 65
172 89
158 66
361 12
178 43
178 96
347 40
180 62
161 76
347 01
183 03
154 71
369 98
181 63
169 39
379 54
174 97
163 32
388 14
193 14
173 90
392 56
186 20 191 42
163 17 rr 165 77
401 22 407 01
183 78
168 26
413 46
180 97
148 16
424 18
r
r
49 54
107 35
46.66
44 29
105 .33
40.84
do
299.80
291 03
23 67
30 71
37 76
13 86
18 28
18 77
4 50
7 03
13 55
25 03
23 22
21 60
18 32
do
do
do
243 65
239 27
28 40
257 22
250 43
29 58
17 72
15 90
29 46
19 75
19 10
30 26
20 33
20 19
29 87
22 66
22 42
29 7g
20 19
19 86
29 64
19 88
19 15
29 58
21 71
21 32
29 76
20 22
21 02
30 42
22 12
21 90
30 43
21 69
20 74
31 78
19 74
T 20 80
r
30 59
20 16
22 38
30 78
18 10
17 01
31 49
14, 429
15, 694
16, 506
18, 695
16, 831
16, 186
18,081
17, 170
18, 269
17, 283
16, 882
17 435
15, 447
337 15 782 15 235
2 542
365
2 986
779 ' 12, 548 12, 399
r
240
9Q4.
193
18 226
5 305
12, 514
19 623
5 679
15 450
5 899
13 832
4 898
15 223
5 062
10,074
9,497
17 095
5 212
11, 645
20 046
4 966
8,743
14 160
4 551
14,860
18 006
4 744
13, 077
20 115
5* 009
14,' 847
259
16 681
2 515
13, 972
194
42 127
45 124
48 469
50 365
48 131
47 433
AK 1 O K
A A Q1 7
174
264
147
3 402
3 375
11, 871
11,499
91
3 160
3,929
11, 088
66
.314
TIKES AND TUBES
Pneumatic casings, automotive:
Production...:
thous
163, 192
203, 052
Shipments, total
.
Original equipment
._
Replacement equipment
Export
do
do
do
do
172, 939
47, 733
123, 085
2 121
199
58
137,
3
Stocks, end of pc ?< <!
Exports (Bu. of • .v»; us
do
34, 782
do.:.: 1,450
42 127
2, 518
do
do
do
do
43, 791
43 957
11,828
1 390
Inner tubes, automotive:
Production
Shipments
Stocks, end of per i o l
Exports (Bu. of Census) .
.
39, 775
41 691
11,005
849
39 485
185
3 093
3 440
11,518
Q9
39 969
Aft7
13,681
Cif:A
254
38 719
'397
37 930
'245
3 491
3 595
12, 437
3 428
12, 442
4 094
4 900
11, 146
O CKQ
9fifl
1 V)
9,372
1 78
39 698
157
3 474
3 9flfl
11,489
ino
144
3 277
3 r»oi
11,828
07
53
3 899
4 79ft
11,203
70
86
3 584
0
ARfi
11, 190
203
191
3 756
3 fift9
11, 546
11,586
3 562
S fiftft
130
r
Revised.
p Preliminary.
d* As reported by publishers accounting for about 75 percent of total newsprint consumption.
§ Monthly data are averages for the 4-week period ending on Saturday nearest the end of the
month; annual data are as of Dec. 31.
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1968
1968
1967
September 1969
Annual
Aug.
July
Sept.
1969
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
42, 386
Aug.
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments,finishedcement
.
-- thous. bbl
374,017 1397,343
41, 763
44, 106
39, 855
45, 358
30, 954
22, 760
19, 088
20, 096
26, 106
34, 646
39, 271
41,012
7, 117.4 7, 534. 0
192.5
234.5
1, 572. 2 1, 705. 5
727 2
16.9
165. 7
708. 1
18.2
168.5
672.0
18.3
169.6
741.0
17.1
170.3
603.2
15.3
128.7
489.3
16.5
110.4
430.7
16.6
96.0
467.2
18.9
108. 5
601.0
22.0
133.6
693.9
23.8
153.5
' 705. 6
'23.3
' 163. 5
692.7
21.3
183.1
18.4
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil standard brick
Structural tile except facing
thous sh tons
Sewer pipe and fittings vitrified
do
Facing tile (hollow) , glazed and unglazed
mil brick equivalent
Floor and wall tile and accessories, glazed and unglazed
mil. sq. ft
Price index, brick (common), f.o.b. plant or
N Y. dock
1957-59=100
240.1
220.6
19.0
17.8
18.8
21.0
18.2
20.2
17.2
14.9
17. 9
17.8
^17.7
257.5
274.5
22.4
24.5
23.9
24.5
21.2
20.2
23.0
21.8
24.8
25.1
'25.5
26.2
113.4
117.1
116.8
117.6
117.6
118.1
119.6
120.2
120.4
120.5
120.5
122.2
122.4
122.6
332 057
387, 469
98, 192
108,776
'117,708
108, 684
131 567
200 500
139 391
248 078
35, 843
62, 349
39, 539
69, 237
39, 560
' 78,148
36, 987
71, 697
GLASS AND GLASS PRODUCTS
Flat glass mfrs ' shipments
thous $
Sheet (window) glass shipments
Plate and other flat glass shipments
Glass containers:
Production
do
do
thous gross
Shipments, domestic total
do
General-use food:
Narrow-neck food
do
Wide-mouth food (incl. packers' tumblers,
jelly glasses and fruit jars)
thous gross
225, 579
(6)
21, 909
23, 054
21, 368
22, 870
21, 120
19. 921
22, 370
19, 362
23, 205
21,056
22,453 '22,743
21, 484
228, 766
(6)
21,322
23, 576
20, 034
20, 902
18, 705
20, 795
18, 627
17, 851
20, 801
20 973
21, 242
22, 246
21,680
23, 631
(6)
2,365
3,473
2,681
2,252
1,575
1,698
1,858
1,737
2,174
1,882
1,876
1,970
1,987
57 852
(6)
4 864
5 826
4,763
5,591
4,983
5,017
4,703
4,311
4,546
4 598
4,580
4,745
4,696
Beverage
Beer bottles
Liquor and wine
do
do
do
38, 185
44, 501
19, 459
(6)
(6)
(6)
4,684
4,983
1,349
4, 387
4,781
1, 591
3,609
4,081
1,637
4,190
3,373
1,802
3,882
3,268
1,586
5,113
3,506
1,673
3,454
3,617
1,557
3,386
3,406
1,513
4,226
4,328
1,818
4 665
4,586
1 743
5,098
4,573
1,598
5,952
4,359
1,823
5,365
5,082
1,600
Medicinal and toilet
Chemical household and industrial
Dairy products
do
do
do
38 516
5 664
(6)
(6)
(6)
2,696
3,065
2,810
3,189
2,934
3,237
2,996
3,064
3,220
3 075
3,103
2,983
2,573
do
22, 546
23, 518
4 722
0 393
5 454
10 018
1,604
2,720
1,379
2,566
1,022
2,189
1,450
2,615
do
7 879
8 844
2,420
2,172
2,208
2,317
do
do
4 511
4 935
1 352
1,257
76
74
692
78
1,497
301
do
do
561
813
536
778
145
213
121
186
119
165
127
178
Stocks, end of period
958
324
57
20, 324
387
66
19, 594
390
63
20, 709
440
65
417
60
22, 463
24, 626
483
68
23, 518
380
62
386
48
27, 146
28, 512
434
55
30, 798
379
45
30 700
366
48
366
48
31, 680 '31,962
333
44
31, 556
GYPSUM AND PRODUCTS (QTRLY)
Crude gypsum, total:
Imports
Production
thous sh tons
do
Calcined, production total
Gypsum products sold or used, total:
Uncalcined uses
Industrial uses
Building uses:
Plasters:
Base-coat
All other (incl Keene's cement)
Lath
Wallboard
All other
mil sq ft
do
do
993
949
7 089
043
999
8 283
287
235
2 365
2,017
80
269
81
222
251
2,254
2,025
78
67
64
TEXTILE PRODUCTS
WOVEN FABRICS
Woven fabrics (gray goods), weaving mills:t
Production total 9
mil linear yd
Cotton
_
do
Manmade
fiber
do
12 479
8,281
3 981
12 693
7,408
5 052
2
977
2556
2
402
991
570
404
1 009
574
419
21 248
2708
2 521
998
564
419
903
509
380
1 312
1,306
713
585
717
575
3 114
1 569
1 461
3 146
1 609
1,451
Stocks, total, end of period 9 cf
Cotton
Manmade
fiber
do
do
do
1 386
1 366
1,330
1 343
1,341
754
576
747
580
Orders, unfilled, total end of period 9 f
Cotton
Manmade fiber -
do
do
do
3 353
2 064
1 209
3 098
1 627
1 384
3 193
1 637
1 454
3 128
1 592
1 442
3 004
1 495
1 418
7 439
10 917
6
'373
7 458
9,215
10 948
8 568
839
533
739
611
746
570
2
2
1
270
2
686
2
562
1,028
1,034
578
438
1 229
2693
2
513
1,018
1,013
1,366
1,296
1,252
1,245
1,249
' 1, 275
1,333
3 098
1 627
1 384
3 016
1 588
1 338
3 041
1 564
1,374
3 067 ' 3 141'3 138
1 619
1 625
1,601
1,343 ' 1 413' 1, 443
3 170
1,617
1,470
739
611
677
604
577
433
640
596
634
596
630
603
588
413
651
610
561
437
669
652
COTTON
Cotton (exclusive of linters) :
Production:
GinningsA
_
thous. running bales
Crop estimate, equivalent 500-lb. bales
thous bales
Consumption
_
do
Stocks in the United States, total, end of period
thous bales
Domestic cotton, total
_
do
On farms and in transit
do
Public storage and compresses
do
Consuming establishments _
do
Foreign cotton, total
do
14 563
14 472
1 509
11,369
1,594
91
12 964
12 912
1 534
9', 807
1 571
52
2
670
6 448
6 402
' 1 414 ' 5 950 ' 9, 171
643
665
300
4,277
1,825
16 575
16 517
11 085
3,777
1,655
15 720
15 665
10 339
3,819
1,507
46
58
55
2
' Revised.
* Reported annual total; revisions
not allocated to the
months.
Data
3
4
cover 5 weeks; other months, 4 weeks.
Ginnings to Dec. 13.
Ginnings to Jan. 16.
5
6
Crop for the year 1968.
Data not available owing to lack of complete reports from
the industry.
~ Sept. 1 estimate of 1969 crop.
9 Includes data not shown separately.
} Effective Aug. 1969 SURVEY, data (1964-Apr. 1969) reflect adjustments to new benchmarks; see Bureau of Census reports: Woven Fabrics (1964-68), Series M22A-Supplement
and (Jan.-Apr. 1969), M22A (69) 1-4 Supplement.
2
3
813
658
577
14 636
14 575
6 268
6,890
1 419
13 796
13,746
3 360
8,839
1,475
12 964
12, 912
1 534
9, 807
1,571
59
56
52
2
80
510,917
10, 049 410 834
806
647
12 Oil
11 963
11 492
11, 446
10 713
10 672
9 571
9*531
8 193 ' 7 355 6, 508
G, 477
8,159 ' 7, 322
8,626
1,823
7,934
1,872
5,925
1,805
45
41
6,762
1,838
930
9,312
1,721
48
979
664
866
528
7 11, 088
510,948
2792
931
40
656
429
34
'644
391
' 5, 203
' 1, 728
33
2639
400
4,152
1, 625
31
cf Stocks (owned by weaving mills and billed and held for others) exclude bedsheeting
toweling, and blanketing, and billed and held stocks of denims.
«> Unfilled orders cover wool apparel (including polyester-wool) finished fabrics; production
and stocks exclude figures for such finished fabrics. Orders also exclude bedsheeting, toweling,
and blanketing.
ATotal ginnings to end of month indicated, except as noted.
SURVEY OF CURRENT BUSINESS
September 1969
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1968
1968
Annual
S-39
July
Aug.
Sept.
1969
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
July
Aug.
TEXTILE PRODUCTS—Continued
COTTON— Continued
Cotton (exclusive of llnters)— Continued
Exports
thous. bales..
Imports
-- - - do
Price (farm), American upland
cents per lb_._
Price, middling 1", avg. 12 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- _ biLAverage per working day
do
Consuming 100 percent cotton ..
..do
Cotton yarn, price, 36/2, combed, knit
$ per lb_.
Cotton cloth:
Cotton broad woven 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
avg. weekly production . -No. weeks' prodRatio of stocks to unfilled orders (at cotton
mills) end of period, seasonally adjusted- _.
Exports, raw cotton equiv.*.. _. -thous. bales..
Imports, raw cotton equiv.*
do
Mill margins:*
Carded yarn cloth average
cents per Ib
Combed yarn cloth average ._ _ _ _ do __
Blends (65% polyester-35% cotton)
do. __
Prices, wholesale:
Print cloth 39 inch, 68 x 72 cents per yard
Sheeting, class B, 40-inch, 48 x 44-48. _ _ do
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly. total
_
mil. Ib
Filament varn (rayon and acetate)
_ __do_ .
Staple, incl tow (rayon)
do
Noncellulosic, except textile glass:
Yarn and monofilaments
do
Staple, incl. tow
_
do .
Textile glass
fiber
do
3,973
169
i 25. 4
124.8
3,870
95
357
2
23. 4
21.5
24.9
9
21.9
9
262
44
152
2
185
1
276
1
26.2
25.0
26.5
24.3
24.2
23.3
21.6
22.7
92
2114
93
160
308
156
359
166
405
20.0
13 1
20.0
13.1
.495
6 5
.431
1,080
977
617
1,107
998
405
20
364
20
300
42
255
20.0
14.4
126.2
.486
94.4
20.0
13.1
128.0
.493
85 9
20.2
13.6
210.5
.419
2
6. 8
20.2
13 5
10.1
.504
6 6
20.2
13 3
.495
6 5
20.2
13 3
12.5
.502
2
83
.942
1.049
1.040
1.039
1.037
1.032
1.032
8,278
7,454
15.4
13.8
16.8
12.4
11.6
12.4
12.4
5.2
5.3
6.8
5.4
5.3
5.1
.35
40
.40
.42
44
268.1
527.0
256.0
559. 6
17.9
38.5
20.5
54.0
37.75
75.60
761.45
37.73
8 93. 25
64.40
38.00
3 90. 13
63.69
U8.4
17 3
18.6
17.3
18.4
3, 980. 6
734.7
603.4
5, 134. 5
805.2
739 1
1,300.9
204.7
180 4
1,393.5
218.9
198.7
1 213 9 1 649 5
1,119.8 1 538 0
308.8
402.7
422 5
391 5
101.8
442.4
421.1
112.4
Exports: Yarns and monofilaments
thous. lb_- s 88, 831
96, 390
Staple, tow, and tops. _ _ __ . do ._ 78, 293 108, 253
Imports: Yarns and monofilaments
do
5 59 303
28
194
Staple, tow, and tops
.
_do_ _ _ 5 149, 672 217 707
Stocks, producers', end of period:
Filament yarn (rayon and acetate) .
mil. lb__
59.4
51.7
Staple, incl. tow (rayon)
do. ..
59 0
43.8
Noncellulosic fiber, except textile glass:
Yarn and monofilaments
do
194.3
138.7
Staple, incl. tow
_ do
142.4
210 9
Textile glass
fiber
do _ _
47.3
40.4
Prices, manmade fibers, f.o.b. producing plant:
Staple: Polyester, 1.5 denier
$perlb_.
.66
Yarn: Rayon (viscose), 150 denier
do
81
Acrylic (spun), knitting, 2/20,3-6 D* do
1.52
Manmade fiber and silk broad woven fabrics:
Production (qtrly.). total 9
mil. lin. yd-- 4,265.5
Filament yarn (100%) fabrics 9
_ _ d o ._ 1 620 4
Chiefly rayon and/or acetate fabrics
do
754.0
Chiefly nylon fabrics..do
5 324. 2
Spun yarn (100%) fab., exc. blanketing 9 --do
1,999. 9
Rayon and/or acetate fabrics and blends
do
600 2
Polyester blends with cotton
do
1,195. 6
Filament and spun yarn fabrics (combinations
and mixtures) .
mil. lin. yd
427.9
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
2
213
20
26.0
25.0
95
77
.61
85
.61
.87
1.42
1.43
568
5
363
6
194
3
278
1
20.6
22.0
20.1
21.9
21.2
21.9
21.7
21.9
90
2
80
97
82
69
••458
19.9
13.0
20.0
13.1
10.0
.501
6.5
••19.9
13.0
'9.8
r .490
6.4
1.027
1.027
1.024
12.6
13.2
12.3
13.0
5.0
5.1
5.0
5.2
.43
.41
39
40
.39
16.1
15.4
29.6
35.3
60.9
29.6
71.8
33.5
47.4
28.2
63.5
23.7
45.5
42.02
42.53
98.55 3109. 27
60.68
58.60
43.08
109. 24
55.01
42.92
107. 86
55.15
42.71
108. 08
58.70
42 73
108. 30
60.94
42 81
107. 28
59.60
43 02
106. 90
60.22
18.8
18.4
18.5
18.4
18 5
18.4
19 0
18.4
19.0
18.4
20.0
13.1
5.6
19.9
13.1
10.1
.505
1.032
1.032
1.032
13.8
13.2
12.4
5.0
5.3
5.6
5.2
41
.40
.40
.43
29.8
54.7
17.5
49.1
25.5
44.1
21.5
36.0
8.0
37.85
90.58
64.04
38.10
91.72
62.24
39 03
93 31
60. 31
40.80
95.20
60.51
17 5
18.4
17.5
18.4
17 5
18.4
17.8
18.4
2
9.9
8,509
8,583
5 485
17 480
.61
88
1 43
8,396
9, 185
6 124
18 376
8.6
2
9.8
.490
6.4
6.6
1.032
1,779
5,573
6 200
4 026
16 599
8,812
10, 040
3,614
15,804
8,486
11, 798
4,937
19, 925
59.4
59.0
168.3
183.4
44.4
194.3
210.9
47.3
.61
88
1.43
1 42
61
88
1 42
17 8
18.4
5,231
5 497
2 416
4 804
4,237
6,807
2 900
5,767
9,048
12, 366
3 548
13 929
.61
.88
1.41
.61
90
.61
.90
1.42
1.42
.61
90
1 42
787.2
169.3
470.7
182.6
503.8
469.5
110.2
121.1
130 3
17.8
19 2
9 7
20 6
12 5
22
8
17
9
$ per lb._
do
do
1.215
.910
1.153
1.207
840
1.180
1.220
820
1.175
1.220
.850
1.175
1.210
.840
1.175
92.6
91 0
91.0
91 7
91.8
238.6
243.3
101.7
100.9
7.2
7.1
2
101.1
101.1
1.245
.880
1.195
1.245
.880
1.195
1.239
.880
1.195
1.220
.858
1.195
1.220
850
1.195
1.220
850
1.195
1.220
850
1.195
93.4
93.1
92.9
92 9
92 9
92 6
92 6
102.1
102.1
102.1
102.1
102.1
102.1
2
2.7
55.7
101.1
102.1
2 6 *
43.51
107. 42
60.03
9,952
8,478
2 178
17 090
1 43
'r18.9
7 3
19 2
9 7
93 4
101.1
1 43
2 23 5
2
89
22 0
11 3
92 4
56.7
101.1
2
1 42
2
9
9
9
1.245
880
1.195
19.7
12 9
10.0
.400
.61
89
18
6
19
9
1.215
864
1.191
17
7
16
9
.61
89
17.1
7 5
9 2
16.3
6 7
18 1
7 6
5
8
7
2
.61
89
22. 9
9. 6
10 9
3. 1
0
i
4
0
2
7,554
10, 983
2 951
18 333
247.9
223 5
51 6
735.6
19.0
9,285
11, 878
2 335
15 857
233. 8
' r 215 5
48.7
158.6
436.7
19.9
7. 4
25 3
14 0
9,801
13 132
3 017
18 863
r
679.4
1, 756. 7
2
2
446 3
427 7
120.5
68.8
54 5
2, 754. 4
2
82
43
431
1 377 6
191.3
191 8
67.0
59 3
1, 453. 9
476 0
199.8
238 3
91 4
249 4
119 6
.486
8.0
2
'445 3
' 416. 9
«• 108. 3
1, 391. 7
476.7
197.8
228.7
83.9
187.3
78.2
212.1
* 1,364. 3
203.4
190.4
1,288.9
444.3
178.8
89.9
678.2
5, 280. 4
1, 829. 4
771.7
115
20.5
21.6
1,833
17.8
18.4
49.1
52 4
.61
87
2
97
497
91
19.9
13 0
12. 2
.488
2
7 9
9.9
2
113
525
110
129
539
2
3
••Revised.
' Season average.
For 5 weeks, other months, 4 weeks.
Beginning
July 1968, average omits one cloth (July 1968 margins comparable with earlier data, 95.52
cents per pound); beginning Jan. 1969, the average omits two cloths
previously
included
4
5
(Dec. 1968 margins comparable with new data, 107.87 6cents).
For 10 months.
Re7
vised total; revisions not distributed by months.
Less than 500 bales.
Avg. for 5
months, Aug.-Dec.
« Avg. for 6 months, July-Dec.
9 Season average to Apr. 1, 1969.
fFor the period Sept. 1967-Feb. 1968, 14 markets; beginning Mar. 1968, 12 markets.
130
3
20.5
22.1
142
498
mil. lb,.
do
do
do
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, American
system, wholesale price
_ 1957-59—100
Wool broadwoven goods, exc. felts:
Production (qtrly.)
mil. lin. yd
Price (wholesale), suiting, flannel, men's and
boys', f.o.b. mill
1957-59=100
55
1
19.6
22.2
170
460
1,712
8,516
9,381
5 584
15, 165
55
19.2
22.5
(6)
18
7
14
6
r
2
6
7
5
19.0
7.7
15 9
10.8
1.220
. 850
1.195
1.220
.850
1.195
68 6
*New series. Beginning Aug. 1966, mill margins refer to weighted averages of about 70 types of
unfinished carded yarn cloths and to simple averages of 5 to 8 combed yarn cloths and of 3
polyester-cotton blends; no comparable data prior to Aug. 1966 are available.
Exports and
imports of cotton cloth (U.S. Dept. Agriculture) available beginning July 1959; spun yarn
price (BLS), beginning Jan. 1965.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1968
1968
Annual
September 1969
July
Aug.
Sept.
1969
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
18,360
18, 951
22, 303
20 771
Aug.
TEXTILE PRODUCTS—Continued
APPAREL
thous. doz. pairs
223,482
225, 588
18, 334
19 861
19 539
21 635
20 634
16 590
18,170
18, 514
20,316
- thous. units
do
19, 719
4,770
21, 710
4,141
1 272
318
1 856
408
1,836
420
2 352
395
1 869
304
1 620
244
2,193
290
2,091
218
2 082
286
2,277 r 2, 092
'317
313
2,059
319
13, 726
14, 036
Coats (separate) , dress and sport.
- do
Trousers (separate), dress and sport
do- . 6138,571 6 158, 353
Shirts (woven fabrics) , dress and sport
22, 835 24, 038
thous. dozWork clothing:
7,464
6,945
Dungarees and waistband overalls
do
4,042
3,310
Shirts
--do _
793
12, 079
1 208
14,418
1,074
13,417
1 367
14, 594
1 292
13, 214
1,028
10, 350
1,354
13, 367
1,240
13,635
1,299
14, 433
1,302 •• 1, 234
14,341 T 15, 841
1,129
14, 482
1,716
1,992
1,858
2 312
1,982
1,601
1,974
1,989
1,957
1,886
416
214
544
259
676
268
629
340
691
287
632
228
628
293
588
315
675
290
612
295
Hosierv shipments
Men's apparel, cuttings:
Tailored garments:
Suits
Overcoats and topcoats..
--
6
Women's, misses', juniors' outerwear, cuttings:
Coats ._
-. -.
..thous. units-. 22, 414
279, 864
Dresses
do
7,983
Suits
_-- --- do ..
21, 370
270, 257
8,152
1,865
19 136
659
2,108
21 334
646
2,051
19 892
532
2,222
22 984
622
1,899
19 371
514
1,362
17 261
492
1,765
20, 976
648
1,708
23 017
592
1 435
26 035
536
14,064
8,548
15,095
7,845
1,142
854
1 201
788
1 148
645
1 389
773
1 205
545
915
385
1 180
674
1 240
713
1 274
841
Blouses, waists, and shirts ._ .
Skirts
...
.thous. doz
do. -.
r
1, 953
1,893
'674
r
297
715
285
1,247 *• 1, 405
25, 458 r 22r 413
319
360
1,685
20 348
415
1 178
763
r
1,188
r
656
1 160
735
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders, new (net), qtrly. total
_._ ...mil. $..
U.S. Government
do
Prime contract..__
__do
Sales (net), receipts, or billings, qtrly. total --do
U.S. Government
do -
26, 900
18, 538
24, 423
23, 444
16, 334
i1 27,168
16,577
i 24,575
25, 592
16, 635
7,149
5 577
6,509
6,257
3 991
6,044
3 479
5 207
6,793
4 499
6,488
4 418
5 617
6,126
3 987
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. $
30, 936
17, 950
16, 401
4,252
* 30,749
1 16,343
U6,608
i 3,951
31 497
17 330
17, 389
3 824
30 749
16343
16,608
3 951
31 122
16, 774
17, 093
4 153
Aircraft (complete):
Shipments 0
Airframe weight © . . .
Exports
do
. thous. fb
mil. $
5,704
1
5,083
5 164
5 083
4 750
2,810
i 2,834
9 917
2 834
3 026
2 981. 5
56, 739
786 5
4 355 1 406 8
6 931
76 202
1 403 1 117 6
340 3
6 005
121 7
311 6
5 668
94 1
414 9
6 859
160 7
390 0
6 264
132 4
338 4
5 858
133 4
352 2
5 598
153 8
367 4
6 524
139 8
346 4
6 Oil
116 5
373 5 '242 2
6 201 '4 180
73 3
83 2
816.9 1, 125 .2 1, 040. 7
769 4 1 065 2 984 3
935 2
876 6
656 4
889 5
831 0
620 0
164.1
190.0
160 5
175 8
153 3
149 4
881.9
832 2
737 i
693 7
149 8
138 5
976.5
933.3
815 4
782 1
161.1
151 2
864.7
825 0
707 4
677 4
157 3
147 7
932.3
878 4
763 3
721 7
169 0
156 7
876.8
825 8
714 3
677 3
162 5
148 5
861.1
806 2
720 2
678 5
140 8
127 8
940.9
891 1
777 1
741 1
163 8
150 0
617.1 2 504. 1
589 2
465 2 2 380 2
447 3
152 0 2123 9
141 9
337 7
5 782
53 5
281 9
4 602
83 8
MOTOR VEHICLES
Factory sales (from plants in U.S.), total
Domestic..
Passenger cars, total
Domestic
Trucks and buses, total
Domestic
Exports:
Passenger cars (new), assembled
To Canada*
Trucks and buses (new) , assembled
thous ..
do
do
do
.do
do
do
.. ._ do.
do
Imports:
Passenger cars (new), complete units
do
From Canada, total*
. .. do
Trucks and buses, complete units..
- do
8,976.2
8, 484. 6
7 436 8
7 070.2
1, 539. 5
1 414.4
10, 718. 2
10 172 2
8 822 2
8 407 1
1 896 1
1 765 1
773.1
744 8
624 6
605.4
148.5
139 4
292.1
274 7
193 1
182 6
99.0
92 1
280 58
236. 64
82.24
330 46
286. 78
92.03
15 35
13.63
6.07
8 29
6.86
5.41
27 71
23 60
8.84
30 32
26.24
7.83
36 28
30.79
10.03
30 96
26 00
9.67
25 73
24 75
55.72
23 56
20 77
6.59
34 64
29 46
10.97
28 50
24 10
11.82
33 24
30 20
9.83
27 09
24.84
10.24
16 95
14 95
7.92
1, 020. 62 31,620.45
182 77
51. 72
12 96
185 26
63 89
14 61
185. 53
68.52
12.65
160. 15
41.00
8.63
12 474 r 12, 606
8 942
7 935
1 530 T i 754
11, 449
7 942
323. 65
75 07
s 500. 88
3 114.65
139. 32
32.25
8 70
97.25
13.68
3 58
126 02
42 57
10 50
143. 10
54.65
13.60
154 .81
55.77
13.95
164 36
51 67
11 99
106.32
50.21
12.84
121. 48
48.23
8 23
137 47
46 65
13 12
Shipments, truck trailers:
Complete trailers and chassis.
number . 96, 539
59 147
Vans
do
Trailer bodies and chassis (detachable), sold
separately
number
27 497
113, 928
75 148
8,891
5 529
9,526
6 439
9,544
6 475
9,980
7 036
9,701
6 774
9,685
6 616
9,890
6,739
11,055
7 405
12 760 12, 561
7 910
8 581
33 761
2 392
2 308
3 703
3 769
3,966
4 534
1,605
3 025
3 g 357 4 393 403 9
3 779 2
985 8
3 i 518 4 31 775 6
872 0
a 79 5
161 9
744 4
a 81 7
150 9
705 3
94 7
148 5
880.3
103 8
170 3
757.0 4 977 3
84.2 4 97 6
140.3 4 185 5
657 6 a 607 5
63 4 a 53 4
133 2 ° 124 5
681 2 a 876 0 a 889 1
58 1 a 98 3 a 107 9
144 0 a 174 6 o 172 8
56, 262
38, 991
17,271
3,499
2,476
1,023
3,760
2,488
1,272
4,448
3,062
1,386
4,533
3,319
1,214
4,097
2,670
1,427
4 566
3,736
830
4,452
3,823
629
5,205
4,439
766
5 312
4 516
796
53 703 3 63 561
38*. 468 s 49, 391
14, 170
15, 235
2 789
2,586
203
3 155
3,032
123
4 321
4,221
100
9 793
6,775
3,018
9 630
7,830
1,800
9 356
7 039
2 317
7 753
4,325
3,428
3 641
3 136
505
5 957
5 157
800
6 571 p 5 826 p 5 445 v 4, 861
5 353 p 4 667 »3 888 p 3, 770
1 218 1 159 1 557 1 091
19 721 •p 6 263 P 7 968 P 5 747
19 3?9 P 6 203 p6 683 p3 047
392
60
1 285 2 700
31, 740
24, 540
7,200
16,948
10, 977
5,971
16, 261
11 439
4,822
16, 229
12 693
3,536
21, 400
16, 060
5,340
26, 939
21, 226
5,713
31 740
24 540
7 200
34 994
24 995
9 999
33 439
23 701
9 738
34 073
24 331
9 742
47 208 P47 445 *>50 395 p51 233
38 292 ?39 628 P42 850 p4° 079
7 545
9 154
8 916
7 817
1,463
52
1,461
5 2
1 4.58
52
1 456
52
1 455
5 2
1 452
53
93.83
64.12
93.84
64.23
Registrations (new vehicles): O
Passenger cars
Foreign cars
Trucks (commercial cars) . .
thous
do
do
3 079
2 195
2 357
a 841 9
a 91 7
a 815 3
a 160 9
a 169 6
a 90 2
RAILROAD EQUIPMENT
Freight cars (ARCI):
Shipments
Equipment manufacturers, total.
Railroad shops, domestic
New orders.
Equipment manufacturers, total
Railroad shops, domestic
- ._
Unfilled orders, end of period
Equipment manufacturers, total
Railroad shops, domestic
number..
..do
do. . _
do
do
do
do
_ _ do
do
83, 095
64,775
18, 320
24, 917
14 276
10 641
Freight cars (revenue), class 1 railroads (AAR):§
Number owned, end of period
thous
1,482
1,470
1,467
1,458
1,466
Held for repairs, % of total owned
54
52
51
5 2
5 4
Capacity (carrying), aggregate, end of period
mil. tons-.
93.68 93.66
93.82 93.72
93.15
Average per car
ton?
62.85
63.75 63.84 63.90
64.34
' Revised, i Beginning 1st quarter 1968, value of new orders and backlog refers to orders
on a funded order basis for Government contracts and on binding legal documents (or equivalent) for commercial business. Revised 4th quarter 1967 figures, comparable with funded
data beginning 1st quarter 1968 (mil. dol.):
Total net new orders 7,428; total backlog, 29,339.
2Preliminary estimate
of production. 3 Annual total includes revisions
not distributed
4
5
by months.
Includes delayed registrations for seven States.
Beginning Jan. 1969,
data exclude vehicles on runners and skis.
s Data for 1967-68 are understated by from 3
to 5 percent and are not strictly comparable with figures beginning 1969.
° Omits data
1 449
5 i
1 448
5 2
1 446
53
1 443
*> 4
93.82
93.91 93 88
93 91
93 96
94 01
93 94
93 96
64.34
64.50
65. 11
64.54
64'. 68
65!02
64.82
64! 87
for 1 State.
p Preliminary; refers to domestic business only.
9 Total includes backlog for nonrelated products and services and basic research.
© Data include military-type planes shipped to foreign governments.
*New series;
source, Bureau of the Census. Beginning in the July 1969 SURVEY, imports are restated to
include duty-paid cars from Canada.
O Courtesy of R. L. Polk & Co.; republication
prohibited.
§Excludes railroad-owned private refrigerator cars and private line cars.
INDEX TO CURRENT BUSINESS STATISTICS, Pages S1-S40
Earnings, weekly and hourly
Eating and drinking places
Eggs and poultry
Electric power
Electrical machinery and equipment
SECTIONS
General:
Business indicators
Commodity prices
Construction and real estate
Domestic trade
1-7
7-9
9,10
10-12
Labor force, employment, and earnings
Finance
Foreign trade of the United States
Transportation and communications
12-16
16-21
21-23
23,24
Industry:
Chemicals and allied products
Electric power and gas
Food and kindred products; tobacco
Leather and products
24,25
25,26
26-30
30
Lumber and products
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and paper products
31
31-34
34,36
36,37
Rubber and rubber products
Stone, clay, and glass products
Textile products
Transportation equipment
37
38
38-40
40
14,15
11,12
3,7,28,29
4,8,25,26
4-8,
13-15,19,22,23,34
Employment estimates
12-15
Employment Service activities
16
Expenditures, U.S Government
18
Explosives
25
Exports (see also individual commodities)
1,2,21-23
Express operations
23
Failures, industrial and commercial
7
Farm income, marketings, and prices
2,3,7,8
Farm wages
15
Fats and oils
8,22,23,29,30
Federal Government
finance
18
Federal Reserve banks, condition of
16
Federal Reserve member banks
17
Fertilizers
8,25
Fire losses
10
Fish oils and
fish
29
Flooring, hardwood
31
Flour, wheat
28,29
Food products
1,4-8,11-15,19,22,23,26-30
Foreclosures, real estate
10
Foreign trade (see also individual commod.)
21-23
Foundry equipment
34
Freight cars (equipment)
4,40
Fruits and vegetables
7,8
Fuel oil
35,36
Fuels
Furnaces
Furniture
INDIVIDUAL SERIES
10,11,16
Advertising
40
Aerospace vehicles
Agricultural loans
16
Air carrier operations
23
Aircraft and parts
4,6,7,40
Alcohol, denatured and ethyl
25
Alcoholic beverages
11,26
Aluminum
33
Apparel
1,3,4,8,9,11-15,40
Asphalt and tar products
35,36
Automobiles, etc
1,3-9,11,12,19,22,23,40
Balance of international payments
2,3
Banking
16,17
Barley
27
Battery shipments
34
Beef and veal
28
Beverages
4,8,11,22,23.26
Blast furnaces, steel works, etc
5-7
Bonds, outstanding, issued, prices, sales, yields
18-20
Brass and bronze
33
Brick
.
38
Broker's balances
20
Building and construction materials
7-8,
10,31,36,38
Building costs
10
Building permits
10
Business incorporations (new), failures
7
Business sales and inventories
5
Butter
26
Cattle and calves
28
Cement and concrete products
9,10,38
Cereal and bakery products
8
Chain-store sales, firms with 11 or more stores. . .
12
Cheese
26
Chemicals
4-6,8,13-15,19,22-25
Cigarettes and cigars
30
Clay products
9,38
Coal
4,8,22,34,35
Cocoa
23,29
Coffee
23,29
Coke
35
Communication
2,19,24
Confectionery, sales
29
Construction:
Contracts
9
Costs
10
Employment, unemployment, hours, earnings.. 13-15
Fixed investment, structures
1
Highways and roads
9,10
Housing starts.
10
New construction put in place
9
Consumer credit
17,18
Consumer expenditures
1
Consumer goods output, index
3,4
Consumer price index
7,8
Copper
33
Corn
27
Cost of living (see Consumer price index)
7,8
Cotton, raw and manufactures
7,9,22,38,39
Cottonseed cake and meal and oil
30
Credit, short- and intermediate-term
17,18
Crops
Crude oil and natural gas
Currency in circulation
Dairy products
Debits, bank
Debt, U.S Government
,
Department stores
Deposits, bank
Disputes, industrial
Distilled spirits
Dividend payments, rates, and yields
Drug stores, sales
3,7,27,28,30,38
4, 35
19
3,7,8, 26,27
16
18
11,12
16,17,19
16
26
2,3,18-21
11,12
Gas, output, prices, sales, revenues
Gasoline
Glass and products
Glycerin
Gold
Grains and products
Grocery stores
Gross national product
Gross private domestic investment
Gypsum and products
4,8,22,23,34-36
34
4,8,11-15
4,8,26
1,35
38
25
19
7,8,22,27,28
11,12
1
1
9,38
Hardware stores
11
Heating equipment
9,34
Hides and skins
8,30
Highways and roads
9,10
28
Hogs.,
8
Home electronic equipment
10
Home Loan banks, outstanding advances.
10
Home mortgages
40
Hosiery
24
Hotels
14
Hours of work per week.
Housefurnishings
...............
. . . . . . . . 1, 4, 8, 11, 12
Household appliances, radios, and television sets .
4,
8, 11, 34
Housing starts and permits
....................
10
Imports (see also individual commodities) ..... 1, 22, 23
Income, personal
.............................
2, 3
Income and employment tax receipts
............
18
Industrial production indexes:
By industry
................................
3,4
By market grouping
........................
3, 4
Installment credit
.........................
12, 17, 18
Instruments and related products
..........
4-6, 13-15
Insurance, life
................................ 18, 19
Interest and money rates
......................
17
Inventories, manufacturers' and trade ....... 5, 6, 11, 12
5
Inventory-sales ratios
.........................
Iron and steel
............
4, 5-7, 9, 10, 19, 22, 23, 31 , 32
Labor advertising index, strikes, turnover
.......
16
12, 13
Labor force
Lamb and mutton
28
28
Lard
33
Lead
Leather and products
..................
4, 8, 13-15, 30
Life insurance
................................
18, 19
Linseed oil
...................................
30
Livestock
.................................
3, 7, 8, 28
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
..........
10, 16, 17, 18, 20
Lubricants
...................................
35, 36
Lumber and products
...............
4, 8, 10-15, 19, 31
Machine tools
................................
34
Machinery
.................
4, 5-8, 13-15, 19, 22, 23, 34
Mail order houses, sales
.......................
11
Man-hours, aggregate, and indexes
.............
14
Manmade fibers and manufactures
..............
9, 39
Manufacturers' sales (or shipments), inventories,
orders
.....................................
4-7
Manufacturing employment, unemployment, production workers, hours, man-hours, earnings. . . 13-15
Manufacturing production indexes
..............
3, 4
Margarine
...................................
29
Meat animals and meats
.............
3, 7, 8, 22, 23, 28
Medical and personal care
.....................
7
Metals
.......................
4-7,9,19,22,23,31-33
Milk
........................................
27
Mining and minerals
.................
2-4, 9, 13-15, 19
Monetary statistics
...........................
19
Money supply
................................
19
Mortgage applications, loans, rates ....... 10, 16, 17, 18
Motor carriers
...............................
23, 24
Motor vehicles
..............
1,4-7,9, 11, 19, 22, 23, 40
Motors and generators
........................
34
National defense expenditures
1,18
National income and product
1,2
National parks, visits
24
Newsprint
23,37
New York Stock Exchange, selected data
20,21
Nonferrous metals
4,9,19,22,23,33
Noninstallment credit
17
Oats
Oil burners
Oils and fats
Orders, new and unfilled, manufactures'
Ordnance
27
34
8,22,23,29,30
6,7
13-15
Paint and paint materials
Paper and products and pulp
8,25
4-6,
9,13-15,19,23,36,37
Parity ratio
7
Passports issued
24
Personal consumption expenditures
1
Personal income
2,3
Persona] outlays
2
Petroleum and products
. . . 4-6,
8,11,13-15,19,22,23,35,36
Pig iron
32
Plant and equipment expenditures
2,20
Plastics and resin materials
25
Population
12
Pork
28
Poultry and eggs
3,7,28,29
Prices (see also individual commodities)
7-9
Printing and publishing
4,13-15
Profits, corporate
2,19
Public utilities
2-4,8,9,13,19-21
Pullman Company
24
Pulp and pulpwood
36
Purchasing power of the dollar
9
Radiators and convectors
34
Radio and television
4,10,11,34
Railroads
2,15,16,19,20,21,24,40
Railways (local) and bus lines
23
Rayon and acetate
39
Real estate
10,17,18
Receipts, U.S. Government
18
Recreation
8
Refrigerators and home freezers
34
Rent (housing)
7
Retail trade
5,8,11-15,17,18
Rice
27
Roofing and siding, asphalt
36
Rubber and products (inch plastics)
4-6,
9,13-15,23,37
Saving, personal
Savings deposits
Securities issued
Security markets
Services
Sheep and lambs
Shoes and other footwear
Silver
Soybean cake and meal and oil
Spindle activity, cotton
Steel (raw) and steel manufactures
Steel scrap
Stock prices, earnings, sales, etc
Stone, clay, glass products
Stoves and ranges
Sugar
Sulfur.
Sulfuric acid
Superphosphate
2
17
19,20
20,21
1,7.13
28
8,11 , 12,30
19
30
39
31,32
31
20,21
4-6,8,13-15>,19,38
34
23,29
25
24
25
,
Tea imports
29
Telephone and telegraph carriers
24
Television and radio
4,10,11,34
Textiles and products
4-6,8,13-15,19,22, 23,38-40
Tin
33
Tires and inner tubes
9,11,12,37
Tobacco and manufactures
4-6,9,11,13-15,30
Tractors
34
Trade (retail and wholesale)
5,11,12
Transit lines, local
23
Transportation
1,2,8,13,23,24
Transportation equipment
4-7,13-15,19,40
Travel
23,24
Truck trailers
40
Trucks (industrial and other)
34,40
Unemployment and insurance
U.S. Government bonds
U.S. Government
Utilities
12,13,16
16-17,20
finance
18
2-4,9,13,19-21,25,26
Vacuum cleaners
Variety stores
Vegetable oils
Vegetables and fruits
Veterans' benefits
Wages and salaries
Washers and driers
Water heaters
Wheat and wheat
Wholesale price indexes
Wholesale trade
Wood pulp
Wool and wool manufactures
Zinc.
34
11,12
29,30
7,8
16,18
flour
2,3,14,15
34
34
28
8,9
5,7,11,13-15
36
9,39
33
UNITED STATES
GOVERNMENT PRINTING OFFICE
DIVISION
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PUBLIC
DOCUMENTS
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20402
OFFICIAL BUSINESS
BUSINESS
STATISTICS
1967 Biennial Edition
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