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July 18, 1958 STATISTICS A WEEKLY SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS Available only with subscription to the SURVEY OF CURRENT BUSINESS, at $4.00 annually, this Supplement provides selected weekly and monthly data subsequent to those published in the latest monthly SURVEY SELECTED BUSINESS INDICATORS Thousands 250 Thousands 1,200 Monthly PASSENGER CAR A N D TRUCK PRODUCTION (United States plants) ,000 H 200 800 -H 150 600 100 400 h 200 U i ' » * * t i i I I I I I I I i i I I i 1 i ? I I i I I S M f 8 1 »1 1 i I t 1 1 I i i i J S956 195? S958 1955 J F M A M J J A S O N D Index, 1 9 4 7 - 4 9 = 1 0 0 §80 TOTAL INDUSTRIAL PRODUCTION Billion Dollars 20 SALES OF RETAIL STORES (seasonally adjusted) (F. R. B. seas. adj. index) 160 ~" 140 H 120 -j Durable Goods I I III I 1 I I I I I I I II 1 I I II I 1955 1956 i i i i i 1 ' i i t i I I I II1 M I I I 1957 9 00 » 1 1 M 1 1 i 1 M• Ulllllllll I I 1 1 1 1 1 1111 1 1,1 1 l l . U I J j J 1958 Millions 2.0 NEW PERMANENT NONFARM DWELLING UNITS STARTED (privately owned) * Index, 1 9 4 7 - 4 9 = 100 120 FREIGHT CARLOADINGS* no _ (seasonally adjusted) H 900 90 \ - A 80 ^Seasonally adjusted, at annual rates ' ' M H II M ' J M I I I M I M 1955 8956 i i i I 1 i i» 11 1 i I i i M i i i M 1957 1958 \ i A verage per working day 70 LJ-.I..LLI-I1.11IJ 1 1 1 1 1 1 1 1 II 1 1955 S956 ill 1 1 1 1 1 1 1 111111111 1 1 Ii 1957 1958 WEEKLY BUSINESS STATISTICS1 2 1957 ITEM July 6 1958 July 13 June 21 June 28 July 5 July 12 Commodity prices, wholesale: 1947-49-100.. do.... do.... do.... • • • • • • • •, •* M 7 . 4 90.1 101 1,384 1,283 190 *90.9 •106.1 * 125.2 90.2 III 1,441 1,338 256 119.0 95.4 113. V 125.2 85.4 117 2,786 2,578 290 31,150 25,387 18,865 344 31,313 25,792 19,308 576 54,307 23,560 88,204 26,310 32,310 8,649 54,750 23,568 87,581 26,020 32,186 8,645 4.23 49.05 53.15 119.1 96.2 112.8 125.2 86.1 no 119.2 96.5 CII2.8 125.3 86.1 102 119 1 95.5 112 8 125.5 86.0 **2,728 2,220 335 292 275 31,070 25,939 18,619 666 30,975 26,170 18,983 699 31,163 26,380 18,859 683 31,384 26,589 18,809 790 57,434 28,067 95,988 32,399 30,373 8,870 3.96 45.16 48.09 55,266 28,259 95,833 32,615 30,356 8,89! 54,496. 28,324 95,253 32,583 30,351 8,887 3.99 45.32 48.25 3.99 45.25 48.14 1,486 11,941 101,506 6,345 1,751 64.9 628 301 1,624 11,757 109,013 6,332 1,666 61.7 627 296 F i nance: Federal Reserve bank credit outstanding, total 3/,eeeedoe.,, do.... Federal Reserve reporting member banks in leading cities: 4/ Time deposits, except U . S . Government., Loans and Investments (adjusted), total. do.... Commercial, industrial, and a g r . loans» (gross)..,.do,... do.... Bond yields, domestic corporate (Moody's) Stock prices, 5 0 0 stocks (Stand* & Poor's) 4/.,.1941-43=10., do.... Production: is. of short tons.. Steel 5/ •••••••• o ...thoi s. of short tons.. do 4.24 48.46 52.49 1,843 11,056 87,733 6,952 2,009 #78.5 535 283 1,434 11,964 134,553 6,882 2,015 #78.7 1 692 325 3.98 44.63 47.46 1,240 11,150 43,015 6,424 1,376 51.0 458 249 89,121 1,442 53.4 ±/ Data do not always cover calendar weeks. 2/ Tuesday prices. 3/ Daily average. £/ Wednesday data. .5/ Week beginning July 14, 1958: Production, 1,515 thous. short tons; operating rate, 56.1 percent. * Monthly index for June 1957. *» Excludes 158,000 insured unemployed reported under temporary programs (TUC). # Based on January I, 1957, annual capacity (133,459,150 tons); not comparable with 1958 rates which are based on January I, 1958, annual capacity (140,742,570 tons). £/ Corrected. MONTHLY BUSINESS STATISTICS 1957 ITEM May 1958 June March April GENERAL BUSINESS INDICATORS Industrial production (FRB): Unadjusted, combined index 1947-49=100 Manufactures ••••• do. • DurabIe manufactures••••• •••••••••••••••••• do.• Primary metals •••••do,. Metal fabricating (including ordnance) do.. Fabricated metal products , do.. Machinery, ••••••••• •• do.., Transportation equipment •••••do.., Instruments and related products* do.. 143 144 159 135 174 136 166 214 17! 145 146 162 136 176 139 168 217 171 129 131 138 95 154 122 r!46 rl89 r!6l 127 129 133 89 148 118 r!39 181 160 Furniture and fixtures... . •••do.., Lumber and products.. <>,,. .do.. Stone, clay, and glass products ••••••••do. a , Miscellaneous manufactures*•••••••••••• ....do.. 115 118 158 137 118 131 159 139 111 106 131 127 NondurabIe manufactures ••••••••••• do.• Printing and publishing........ do.. Petroleum and coal products .do.. Minerals, • • •••••••••••••••••••• .do.. Coa I.,,. do,. Crude oil and natural gas .....••••do.. 129 142 139 132 82 153 130 140 139 131 88 145 144 145 160 132 176 138 168 216 173 120 117 157 141 Adjusted, combined Index. •••••do.. Manufactures. •••••••••• do. • Dur ab I e manufactures „ do,. Pr I mar y meta Is do.. Metal fabricating (Including ordnance) ....do.. Fabricated metal products•,,.., .•••••••••do., Mach i nery. „...„.. do.. Transportation equipment. do.. Instruments and related products., ••••••.do,. Furniture and fixtures... Lumber and products.. Stone, clay, and glass products Miscel laneous manufactures......,,.. r/ Revised. j>/ Preliminary. http://fraser.stlouisfed.org/ 9013 Federal Reserve Bank of St. Louis do.. .,.. do.. ..........do.. do.. May June 127 r 181 r!57 pl30 pl32 pl38 p!02 p!49 pl24 pi33 pl82 pl59 rl08 107 rl35 r!25 rl08 pi 13 125 rl40 125 III 67 135 r!24 140 rl24 109 60 rl33 124 139 145 147 163 132 179 139 171 220 173 128 129 135 91 150 122 141 rl83 160 121 125 156 142 III 109 133 128 rl29 133 93 rl46 rl 19 136 113 r!4l rl25 r!29 rl 10 p!49 pl29 pI26 pl39 pl35 p 1 16 61 p73 rl3l pl33 126 128 r 131 86 146 118 r!37 rl78 r!59 rl28 rl30 PI30 pl32 p!38 rllO 105 rl35 ri29 rl 13 134 91 148 rll9 138 rl8l [ r!59 p99 pl5l pl24 pl4i pl84 pies pi 17 III rl39 r!29 1 p!46 p!32 MONTHLY BUSINESS STATISTICS — Continued 3 1957 ITEM 1958 June May April March June May GENERAL BUSINESS INDICATORS - Continued Industrial production, adjusted index (FRB) - Continued Manufactures - Continued 131 141 131 141 124 138 142 130 83 153 139 127 86 146 127 112 70 131 124 131 144 131 140 156 III 114 106 rlOO 89 99 pl07 pl07 plOO 122 106 129 108 122 105 rllO r!03 126 134 144 134 144 157 104 103 92 r97 r94 81 110 rl03 rl05 rl05 pl06 pl09 pl09 96 p99 127 109 134 114 108 rl07 rl06 115 105 pl08 95.0 90.7 65.9 105.0 98.0 67.4 4.3 7.0 515.0 104.5 71.0 10.5 125 137 rl27 rl 10 rl26 rl37 rl32 rl09 pl27 pl40 p!35 pi 14 r63 130 62 132 pl34 101 rl03 rl04 p74 Consumer durables output (FRB): no CONSTRUCTION AND REAL ESTATE New permanent nonfarm dwelling units started: Unadjusted: Total, privately and publicly owned.thousands.. 6.1 5.4 r8l.4 r77.3 r5l.8 r4.l 994.0 995.0 r9»8.0 950.0 1,010.0 1,090.0 17,205 17,114 15,557 16,281 r17,372 16,517 3,550 3,609 2,789 2,934 916 772 761 r3,082 r840 2,990 873 998 520 994 511 958 534 1,056 962 523 1,253 4,043 1,293 1,723 16,644 5,776 10,867 1,289 3,977 1,321 1,680 16,783 5,806 10,977 1,124 4,103 1,214 1,553 16,074 5,020 11,055 1,171 4,048 1,252 1,667 16,512 5,163 11,348 r1,058 r544 r1,272 r4,4l8 r1,335 r1,784 r16,572 r5,235 r11,337 1,238 4,022 1,334 1,673 16,485 5,186 11,299 r52,128 r 16,744 r806 r2,877 r4,155 rll,l70 r2,335 r6,40l r7,640 r52,517 r16,839 r827 r3,OI5 r4,176 r11,255 r2,365 r6,442 r7,598 r49,690 r15,355 r733 r2,3l6 r3,9IO r10,939 r2,348 r6,267 r7,822 r 49,726 r15,104 r7i6 r2,493 r3,883 r10,940 r2,356 r6,384 r7,850 r49,947 r15,025 r7ll r2,680 r3,872 r10,954 r2,369 r6,46l r7,875 p50,389 pl5,l8l p7l9 p2,835 p3,889 pi 1,042 p2,390 p6,490 p7,843 r 12,880 r7,607 r 12,946 r7,6l5 r11,542 r6,502 rll,3IO r6,337 r 11,256 r6,279 pi 1,405 p6,335 103.0 96.9 66.7 99.9 94.5 i 64.7 Seasonally adjusted at annual rate: DOMESTIC TRADE A11 reta i1 stores: J/ Durable-goods stores: 865 Nondurab1e-goods stores: Estimated sales (seasonally adjusted), total .....do.... 521 EMPLOYMENT AND WAGES Employees in nonagricuItura1 estab1ishments: 2/ Total, unadjusted (U. S. Department of Labor)....thousands.. Production workers in manufacturing industries: 2/ Lumber and wood products (except furniture) do.... r79 r78 r68 r69 r68 p66 r607 r309 r460 r1,096 r889 r 1,291 r844 rl,4J9 r627 r3l3 r463 r 1,095 r893 r1,274 r852 r1,404 r225 r5,33l r1,053 r5l5 r290 r403 r885 r787 r1,090 r749 r1,153 r208 r5,040 r942 r520 r283 r402 r849 r766 r1,061 r1,103 r204 r4,973 r949 r546 r284 r405 r844 r757 r1,030 r7!7 r1,077 r20l r4,977 p579 p289 p4l7 p854 p767 pi,010 p726 pl,07l p20l p5,070 pi,030 73 r74 r9!3 r1,035 r458 r550 r55l rl69 r9l4 r1,042 r462 r550 r542 rl70 r74 844 70 837 rl,OI8 r436 r547 r5l9 r!56 226 r5,273 rl,000 Apparel and other finished textile products Printing, publishing, and allied products .do.... do.... 204 197 184 r320 r327 r320 104.7 r105.2 r163.7 1 r93.3 r93.5 729 973 69 p69 r987 r434 r545 r5!9 rl57 rl76 r300 r832 r987 r432 r54l r5l2 1 rl58 rl73 r300 p84l p994 p437 p545 p504 pi 60 pl77 P 3I3 r9l.4 r92.5 r139*6 r9I.O r92.4 r140.7 1 p92.2 p92.7 p144.7 Manufacturing production-worker indexes: 2/ rl04.l r105.6 N60.9 r143.6 £/ Revised. j>/ Preliminary. J/ Data for June 1958 are advance estimates. 2/ Revised to the 1957 benchmark; data not directly comparable previously published figures back to April 1956. Digitized for with FRASER 9013 MONTHLY BUSINESS STATISTICS — Continued 4 1958 1957 ITEM May June March May Apr 11 June EMPLOYMENT AND WAGES - Continued Hours and earnings? J/ ng...hours.. Average weekly hours per worker, all raanufacturl ......OO...® Average weekly earnings, all manufactorIng.........dollars.. ......do.... «•*...do.... Ordnance and accessories.................... . . . . . . CJO . e ® ® Lumber and wood products (except furniture). » e ee » . 0 0 . . . . do.... Primary metal industries..................... . . . . . G O . . . . .a....dO.... Nondurab1e-goods SndustrSes.................... . . . . .CJO. ... Tobacco manufactures.......a.....®.......®..• © • © a .CJO. . . . do.... Apparel and other finished textile products. . e o . e . Q O . . . . do.... Printing, publishing, and allied industries. « a e . . . Q O . . . . do.... do.... 39.7 40.3 38.9 81.78 87.85 73.13 40.0 40.5 39.2 82.80 88.70 74.09 2.06 2.18 2.31 1.82 rl.74 r2.03 2.46 2.16 2.28 2.05 2.37 r2.09 38.6 39.0 38.1 81.45 87.75 73.53 38.3 38.8 37.7 80.81 r87.30 73.14 r38.6 r39.i r38.1 r81.83 r87.98 r73.9l p39.2 p39.6 p38.7 p83.10 P89.50 p75.08 2.07 2.19 2.33 1.84 ri.75 2.04 r2.47 r2.l8 2.30 2.06 2.40 r2.IO 2.11 2.25 2.45 1.82 1.77 r2.09 2.57 2.23 2.36 2.14 2.47 2.17 2.11 r2.25 r2.46 rl.84 1.77 r2.09 r2.58 2.24 2.36 2.14 2.47 r2.!7 r2.!2 r2.25 2.47 rl.87 rl.77 2.09 2.58 r2.25 r2.37 2.14 r2.50 r2.!7 p2.l2 p2.26 p2.47 pl.90 pi.78 p2.!l p2.59 p2.26 p2.37 P2.I5 p2.5S p2.18 1.88 1.94 1.58 1.50 1.48 2.01 r2.50 2.20 2.61 2.22 1.54 1.89 1.93 1.58 1.50 rl.48 2.03 r2.50 2.23 2.66 2.23 1.54 1*93 2.01 rS.59 1.50 r 1.49 2.08 r2.56 2.27 2.72 2.29 1.57 1.94 2.01 1.65 1.50 1.50 r2.09 r2.55 2.27 2.74 r2.29 rl.57 1.94 r2.02 1.65 r?.50 S.50 r2.IO 2.57 2.29 2.72 r2.30 rl.57 pl.94 p2.02 pi.64 pl.50 pl.50 p2.!2 P2.57 P2.3I p2.7S p2.32 pU57 6,972 918 1,005 1,020 2,049 7,285 870 1,046 998 2,244 4,449 471 626 454 1,517 4,373 40 i 628 591 1,396 4,649 404 685 592 1,508 618 429 536 433 459 394 456 373 415 325 1,737 1,369 1,453 1,563 1,365 433,472 342 313 359,464 346,297 73,666 57,636 396,712 344 290 322,482 308,904 73,886 56,029 427,600 241 206 352,076 340,599 75,283 58,493 | ! METALS AND MANUFACTURES Steel products, net shipments! short tons.. P 1 ateS ...a. . . . . . . . . . . a •e.e.oa..9*e.<»ec»eeee»o. ......do.... *«..«*do.... Sheets and strips Unci, electrical), total... » a > « e a . d O . « . . Industrial trucks (electric), shipments: do.... Industrial trucks and tractors (gasoline-powered), shipdo.... TRANSPORTATION EQUIPMENT .e..number.. do.... do.... do.... r/ Revised. j>/ P r e l i m i n a r y . USC0MM-DC-90I3 591,539 389 332 496,329 484,840 94,821 ! 76,859 | ±/ See note 2 for p. 3. UNITED STATES GOVERNMENT PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS WASHINGTON 25, D. C. OFFICIAL BUSINESS FIRST CLASS WEEKLY SUPPLEMENT SURVEY OF CURRENT BUSINESS 641,436 462 309 537,112 522,759 103,862 82,930 PENALTY FOR PRIVATE USE TO A V O I D PAYMENT OF POSTAGE, $300