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February 23, 1968 BUSINESS STATISTICS A WEEKLY SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS* U.S. DEPARTMENT OF COMMERCE / OFFICE OF BUSINESS ECONOMICS INDICATORS Index, 1957-59=100 Index, 1957-59 = 100 200 ~ ELECTRIC POWER PRODUCTION (by utilities) / (E. E. 1. seas. a d j . index) A. , 190 — 180 - 170 - 160 Monthly 150 1 1 1 1 L_J !..,_]. J 1 1 L 1 1 l_l 1965 1 1 1 1 1 1 _l_l 1—1 1 1 1 1 1 1 l_ 1 1 1 1 1 1—l 1967 1966 l l |210 r 200 190 180 1967 A* 170 Weekly - | 160 — l J I I I I I I I I I L J F M A M J J A S O N D l 1968 Data: Edison Electric Inst. Index, 1957-59=100 250 Index, 1957-59=100 250 RAW STEEL PRODUCTION (ingots and all other forms) 200 - - _ —200 ^1968 - 150 150 v.J*X ^ 1 9 6 7 100 - H ioo Weekly Monthly 50 i i i i i 1 i i i i i i i 1965 i i i i 1 i i i i i 1966 l i I l-l. 1 1 1 , 1 1 1 1 1 1967 1 1 1 1 1 t 1 _J___1___ 1968 • 1 J 1 1 1 1 1. i i i Data: Amer. Iron & Steel Inst. Million 2.5 Index, 1957-59=100 200 TOTAL INDUSTRIAL PRODUCTION PRIVATE NONFARM HOUSING STARTS (F.R.B. seas. adj. index) 2.0 180 120 i n . i .1 i i 1965 i i 11 11 i i i 111 i i i Data: Federal Reserve Board 1966 1 1 1 1 1 1 1 1967 i 1 1 1 1 1 1 1 1968 (Seas, adj., at annual rates) 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 J i i i i i I i 1965 * Available only with subscription to the SURVEY OF CURRENT BUSINESS, at $6.00 annually, this Supplement weekly and monthly data subsequent to those published in the latest monthly SURVEY provides selected 1966 Data: U.S. Dept. of Commerce i_i_ FMAMJJASOND 1967 1968 50 WEEKLY BUSINESS STATISTICS1 2 1967 1968 ITEM Jan. 27 Feb. 3 Feb. 10 Feb. 17 102.1 95.8 96.2 96.4 96.1 5,164 3,583 5,422 3,743 5,654 3,818 5,784 3,909 5,696 3,894 276 1,630 1,557 288 248 1,651 1,579 286 243 1,696 1,602 216 309 1,686 1,591 204 257 206 220 FINANCE: Currency in circulation 3/ mil. $, Federal Reserve bank credit outstanding, total .3/...do.., Member bank reserve balances 5/ do... Excess reserves, estimated 3/ do.., 43,405 46,630 23,849 289 43,614 46,747 23,726 418 46,119 51,186 25,924 359 45,758 50,751 25,692 322 45,777 51,099 25,953 441 45,942 50,935 25,511 459 Assets and liabilities of large commercial banks: 4/ Demand deposits, adjusted mil. $, Sav i ngs depos its do... Loans and investments (adjusted), total do... U.S. Government obligations do... Commercial and industrial loans (gross) do... Real estate loans (gross) do... 72,699 46,600 184,626 25,397 60,264 27,311 71,768 46,506 185,315 25,926 60,404 27,253 77,154 48,521 201,998 27,928 65,059 29,034 78,598 48,516 203,819 28,080 64,994 29,035 75,637 48,535 201,901 27,417 64,914 29,026 5.34 87.72 93.73 5.34 88.27 94.38 6.40 93.17 101.07 6.40 92.24 100.00 6.40 92.06 99.75 1,708 23,436 178,754 8,722 1,805 23,144 178,075 8,712 1,767 25,076 227,908 9,257 1,397 24,835 179,208 9,363 1,769 25,026 181,097 9,378 2,482 133.2 500 279 2,476 132.9 531 294 2,777 149.1 527 302 2,821 151.4 502 300 2,857 153.4 504 286 WHOLESALE PRICES, 22 COMMODITIES 2/ 1957-59=100, ALL RETAIL STORES, SALES Nondurable goods stores mil. $, do... INITIAL UNEMPLOYMENT CLAIMS, State programs thous, INSURED UNEMPLOYMENT, all programs do.., State programs (50 States, D.C., and Puerto Rico)...do.., FAILURES, INDUST. AND COMMERCIAL (Dun & Bradstreet).number, Bond yields, domestic corporate (Moody's) 3/ percent. Stock prices, 500 stocks (Stand. & Poor's) 4_/. 1941-43=10, Industrials, 425 stocks do... PRODUCTION: Bituminous coal 3/ thous. sh. tons. Electric power, by utilities mil. kw.-hr. Motor vehicles (cars, trucks, buses) number. Petroleum (crude) and condensate 3/ thous. bbl. Steel, raw Index of production FREIGHT CARLOAD I NGS, TOTAL M i see 11 aneous thous. sh. tons. 1957-59=100. thous. cars. do... J./ Data do not always cover calendar weeks. 2/ Tuesday price. MONTHLY Feb. II Feb. 18 102.2 3/ Daily average. 6.39 90.14 97.68 225,452 2,826 151.7 ±/ Wednesday data. BUSINESS STATISTICS 1967 1966 ITEM III GENERAL BUSINESS INDICATORS NATIONAL INCOME AND PRODUCT: SEASONALLY ADJUSTED QUARTERLY TOTALS AT ANNUAL RATES: GROSS NATIONAL PRODUCT, TOTAL bil. $, Personal consumption expenditures, total do.., Durab le goods, tota I do.., Automobiles and parts do.., Furniture and household equipment do.., IV IV 748.8 470.1 70.9 29.8 30.6 762.1 473.8 70.6 29.6 30.6 766.3 480.2 69.4 27.3 31.4 775.1 489.7 72.5 29.7 31.9 791.2 495.3 72.7 29.9 32.1 r807.3 r50l.8 r73.8 r30. 1 32.6 do.., do.., do.., do.., 209.5 41.0 107.3 16.3 210.3 40.8 107.2 16.6 214.2 41.5 109.3 17.1 217.2 43.2 110.1 17.5 218.5 43.7 110.9 17.5 r220.3 r43.1 112.2 17.8 do.., do. •, do.., do. •, 189.8 27.4 67.4 13.7 192.9 27.7 68.5 14.0 196.6 27.8 69.6 14.4 200.0 28.1 70.6 14.6 204.1 28.1 71.9 14.8 r207.7 r28.8 r73.3 15.1 Gross private domestic investment, total Fixed investment Nonr es i dent ial Res i dent i a I structures Change in business inventories do.., do. •, do.., do.., do.., 116.4 104.9 81.2 23.7 11.4 122.2 103.7 82.8 20.9 18.5 110.4 103.3 81.9 21.4 7.1 105.1 104.6 81.5 23.1 .5 112.2 108.4 82.8 25.6 r 120.8 rill.6 r84.0 r27.6 r9.2 Net exports of goods and services Exports Imports do.., do.., do.., 4.6 43.7 39.0 4.3 44.0 39 ,7 5.3 45.3 39.9 5.3 45.1 39.8 45.6 40.2 r3.0 r45.4 r42.4 Govt, purchases of goods and services, totaI....do.., Federa I do.., Nationa I defense do.., State and local do.., 157.7 79.5 63.0 78.1 161.7 81.5 65.6 80.2 170.4 87.1 70.2 83.3 175.0 89.5 72.5 85.4 178.2 90.9 73.3 87.4 rl8l.7 r92.2 r74.2 89.5 Nondurable Clothing Food and Gasoline goods, total and shoes beverages and oil Servi ces, tota I House ho Id operat ion Housing Transportat ion r/ Revised. 9292 3.8 5.4 MONTHLY BUSINESS STATISTICS —Continued 3 1967 1966 ITEM III III IV GENERAL BUSINESS INDICATORS—Con. NATIONAL INCOME AND P R O D U C T — C o n . SEASONALLY ADJUSTED QUARTERLY TOTAL AT ANNUAL R A T E S — C o n . NATIONAL INCOME, TOTAL bil. $ Compensation of employees, total do.. 1 Proprietors income, total do.. Business and professional do.. Farm do.. 622.1 441.2 59.2 43.3 15.9 634.1 450.2 58.6 43.4 15.1 636.4 459.1 57.8 43.2 14.6 641.6 463.4 57.8 43.4 14.3 653.4 472.6 58.8 43.8 15.0 Rental income of persons do.. Corp.prof its and inventory valuation adj., total.do.• Corporate profits before tax, total do.. Corporate profits after tax do.. Net i nterest do.. 19.4 81.9 84.0 49.4 20.4 19.6 84.6 83.9 49.3 21.1 19.8 78.1 79.0 46.5 21.6 20.0 78.3 78.9 46.5 22.1 20. 79, 80, 47, 22. 601. 79, 522, 487. 34. 612.9 80.2 532.7 493.9 38.8 619.1 79.1 540.0 504.0 36.0 631.0 82.8 548.2 509.6 38.5 Jan. Oct. Nov. Dec. PERSONAL INCOME, quarter Iy total Less: Persona I tax and nontax payments Equals: Disposable personal income Less: Personal outlays Equals: Personal saving do.. do. • , ..do.. do.. do.. 589.3 76.9 512.4 483.2 29.2 1966 Dec. INDUSTRIAL PRODUCTION (F. R. INDEX OF QUANTITY OUTPUT): SEASONALLY ADJ., TOTAL INDEX (INCL. UTIL.)....1957-59=100. BY INDUSTRY GROUPINGS: MANUFACTURING, TOTAL do... Durab le manufactures do. • • Primary metaIs do... Fabricated metal products do... Mach i nery do... 1967 159.5 158.2 r156.9 M59.5 M6I.8 161.7 167.7 137.6 168.7 190.3 160.1 165.5 132.6 166.7 190.3 r158.3 r160.7 rl3l.7 r158.2 179.6 160.9 r164.2 rl34.9 r159.7 r183.5 r163.7 r168.0 r140.4 r163.0 r182.1 do... do... do... do... do... 169.1 184.6 138.1 112.8 175.2 162.6 186.2 137.2 113.7 172.1 r159.2 183.2 139.7 117.0 166.6 r165.6 185.4 r139.2 r 120.6 r167.8 177.4 186.5 r 143.5 121.8 171.3 do... do... do... do... do... do... 154.1 141.7 152.2 lll.l 152.6 143.7 153.4 140.7 150.2 107.7 152.5 145.5 r155.2 r144.9 r 146.2 r109.7 r154.5 144.3 r156.8 r 147.4 149.0 113.4 rl56.1 r145.5 rl58.3 152.8 Chemicals and products Petroleum products Rubber and plastics products Foods and beverages Tobacco products do... do... do... do. •. do... 201.0 129.0 200.7 132.1 119.3 200.3 128.7 195.1 132.0 118.5 r205.5 r137.6 r199. I 132.2 118.0 206.7 rl38.8 205.5 r 132.8 115.5 209.8 139.8 MINING Coa I Crude oi I and naturaI gas Metal mining UTILITIES E Iectric BY MARKET GROUPINGS: Final products, total Consumer goods Automotive and home goods Automot i ve products Autos Auto parts and allied products Apparel and staples do... do... do... do... do... do..., 123.8 127.6 119.4 136.1 179.4 185.6 123.2 120.7 119.7 140.3 180.6 187.2 r122.4 112.3 M26.I 93.8 187.6 r195.8 r 123.6 115.3 126.4 r93.2 r190.3 199.1 rl23. 1 116. 1 M24.6 94.9 M9I.5 do..., do..., do..., do..., do. • •, do..., do..., 159.6 149.8 165.8 162.6 167.3 156.4 144.7 158.1 148.0 159.3 147.0 141.3 154.4 144.4 rl56.9 r147.9 r157.7 145.2 135.3 158.2 r144.8 r160.0 r150.0 r163.2 r152.4 144.5 M62.9 145.8 M6I.7 r152.4 r169.0 r169.8 175.1 162.8 do.. •, do. • •, do..., do..., do.. •, 180.7 188.9 159.2 156.8 161.6 179.9 186.9 157.9 154.2 161.6 rl76.1 r176.9 r157.4 r149.0 r166.0 rl8l.5 r183.8 r159.4 r152.4 r166.7 M8I.7 183.2 rl62.0 r155.9 168.2 mil. $., 6,940 4,940 4,932 4,295 5,896 thous.. do.... do.... do..., 62.3 60.2 61.1 58.9 61.7 59.1 60.4 57.7 137.0 135.4 134.6 133.1 r 120.2 MI8.4 MI8.6 rll6.8 r82.6 r79.6 r8l.6 r78.6 do.... do.... 931 910 1,111 1,079 1,496 1,478 r1,590 r1,567 r 1,243 r1,228 Transportat i on equ i pment Instruments and related products Clay, glass, and stone products Lumber and products Furniture and fixtures Nondurab le manufactures Textile mill products Appare I products Leather and products Paper and products Printing and publishing Equ i pment, i nc Iudi ng defense Busi ness equ i pment Mater ials Durable goods materials Nondur ab le mater ia I s CONSTRUCTION AND REAL ESTATE NEW CONSTRUCTION CONTRACTS: Advance planning (ENR) ±/ NEW HOUSING UNITS STARTED: Unadjusted: Total, incl. farm (public and private) PrivateIy owned T o t a l nonfarm ( p u b l i c and p r i v a t e ) Pr i vate I y owned Seasonally adjusted a t annual r a t e s : T o t a l , i n c l . farm ( p r i v a t e only) Total nonfarm ( p r i v a t e only) r/ Revised. 2./ Preliminary. Digitized for 9292 FRASER J/ Data for Dec. 1966 and Nov. 1967 are for 5 weeks; other months, 4 weeks. 157.9 r144.3 133.2 MONTHLY BUSINESS STATISTICS —Continued 4 1966 ITEM Dec. 1967 Jan. 1968 Oct. Nov. 1,212 673 1,158 625 r1,323 702 1,111 635 Dec. Jan. CONSTRUCTION AND REAL E S T A T E ~ C o n . NEW PRIVATE HOUSING UNITS AUTHORIZED BY BUILDING PERMITS (12,000 permit-issuing places): Seasonally adjusted at annual rates: CONSTRUCTION COST INDEXES: Engineering News-Record: Bui Iding 1957-59-100.. 761 476 942 549 124.9 136.5 r124.2 r136.6 r129.6 rl44. 1 r129.9 r144.2 r130.0 r144.4 *r131.4 *r145.7 70,332 47,192 173 44,282 12,674 67,493 45,602 71 43,464 12,678 71,383 48,873 120 47,390 12,410 73,418 50,869 76 48,931 12,392 75,330 r51,948 141 49,112 11,481 74 319 51,434 843 48,092 11,484 70,332 20,972 19,794 40,196 67,493 20,171 18,773 39,216 71,383 21,877 20,604 40,628 73,418 22,837 20,648 41,488 75,330 22,920 20,999 42,369 74,319 23 614 21,838 41,365 31.5 32.3 30.5 29.9 27.1 27.8 310.2 207.8 53.7 48.7 13,159 1.293 314.4 210.4 54.2 49.9 13,157 1.293 342.6 221.8 62.3 58.6 12,905 1.786 344.3 222.3 61.8 60.2 12,908 1.953 344.4 224.0 60.0 60.4 11,982 2.066 348.4 227.2 59.1 62.1 11,984 1 990 341 1,921 909 1,960 49,034 41,930 6,311 543 250 299 1,912 907 2,012 52,534 45,571 6, 158 577 228 374 2,102 757 2,607 r53,858 r43,175 r9,882 r6l8 rl83 378 2,070 781 2,748 51,641 41,386 9,469 609 177 10,435 126.5 10,632 128.9 11,171 135.4 11,299 141.5 11,953 144.9 1,029 1,402 4,202 826 886 3,465 845 1,067 3,292 903 1,058 2,961 912 1,086 3,406 FINANCE FEDERAL RESERVE BANKS, CONDITION, END OF MONTH: Liabi 1 ities, total do.... Ratio of gold certificate reserves to FR note liabilities percent.. Commercial bank credit (last Wed. of mo., except for June 30 and Dec. 31 call dates), seas, adj.: GOLD MONETARY STOCK, U.S., end of month SILVER, PRICE AT NEW YORK mil. $.. dol. per fine oz.. LEATHER AND PRODUCTS LEATHER PRODUCTION: Goat and kid thous. skins.. Shoes, sandals, and play shoes, exc. athletic, total.do.... METALS AND MANUFACTURES STEEL (RAW): PRODUCTION thous. sh. tons.. 1 ndex dai ly average 1957-59-100.. Industrial trucks (electric), shipments: Ind. trucks, tractors (combustion engines), shipments..do.... j r / Revised. J . / Excludes interbank loans. USCOMM-DC—9292 * Indexes f o r Feb. 1968; B u i l d i n g , 131.8; c o n s t r u c t i o n , UNITED STATES GOVERNMENT PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS WASHINGTON, D.C. 20402 OFFICIAL BUSINESS First Class Mail WEEKLY SUPPLEMENT SURVEY OF CURRENT BUSINESS 146.5. POSTAGE AND FEES PAID U.S. GOVERNMENT PRINTING OFFICE