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July 26, 1968 BUSINESS STATISTICS A WEEKLY SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS* U. S. DEPARTMENT OF COMMERCE / OFFICE OF BUSINESS ECONOMICS :TED B U S I N E S S I N D I C A T O R S Index, 1941-43 = Index, 1941-43 = 10 120 PRICES OF 425 INDUSTRIAL STOCKS 110 - y \ 100 — / - 90 80 Monthy (avg. 70 1 1 1 1 1 1 ! 1 1 1 1 1 " l l ' 1965 1 1 1 1 I . 1 1 1 1 I 1966 1 1 ,1 of dally 1 ,1 L-JLJ 1967 close) 1—J—1—1 L - 1968 J FMAMJJASOND Data: Stand. & Poor's Corp. Index, 1957-59 = 100 250 Index, 1 9 ^ 7 - 5 9 = 1 0 0 250 RAW STEEL P R O D U C T I O N (ingots and all other forms) 200 200 Monthly 5 0 I—L-J—I I I—I I I I L_J I I 1,1 L_J I I I I I I 1965 I I I i i 1966 i I L_J I I I I 1967 I I I I I I I I L_ 1968 J FMAMJ J A S O N D Data: Amer. Iron & Steel Inst. Billion Dollars 700 1 PERSONAL INCOME Millie 2.5 PRIVATE NONFARM HOUSING STARTS (Seas, adj., at annua! rates) (Seas, adj., at annual rates) 2.0 600 Total Wage and Salary Disbursements 1.0 h 400 h .5 300 ' ' ' ' •I' • i n 1 i M •• I•' •' ' I• ' • i l I•' ' ' ' 1965 1966 1967 1968 Data: U.S. Dept. of Commerce ^Available only with subscription to the SURVEY OF CURRENT BUSINESS, provides selected weekly and monthly data subsequent to those published i i I I i I I ii M I M i i i I 1965 1966 Data: U.S. Dept. of Commerce at $6.00 annually, this Supplement in the latest monthly SURVEY 1967 1968 WEEKLY 2 BUSINESS STATISTICS1 1968 1967 ITEM July 15 WHOLESALE PRICES, 22 COMMODITIES 2j July 22 June 29 94.3 July 6 July 13 July 20 93.9 93.9 93.5 1957-59=100. 97.0 97.0 mil. $. do... 6,012 4,035 5,936 3,947 6,925 4,394 6,324 4,316 6,532 4,341 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. 309 1,271 1,212 212 283 1,248 1,184 214 174 917 857 145 267 1,044 982 134 243 ""228 147 FINANCE: Currency in circulation 2 / mil. $. Federal Reserve bank credit outstanding, total 1/ ...do... Member bank reserve balances 2 / do... Excess reserves, estimated 2 / do... 45,253 49,097 24,066 643 45,085 48,455 23,889 236 47,440 54,685 26,202 566 47,644 54,656 25,832 185 48,114 54,800 25,839 451 48,104 54,458 25,964 186 Assets and liabilities of large commercial banks:/]/ Demand deposits, adjusted mil. $. Savings deposits do... Loans and investments (adjusted), total do... U.S. Government obligations do... Commercial and industrial loans (gross) do... Real estate loans (gross) do... 73,240 47,925 195,355 26,851 63,859 27,704 72,827 47,822 194,909 26,574 63,859 27,729 77,927 48,657 207,910 25,532 69,240 30,199 76,164 48,597 208,778 25,327 69,222 30,226 77,209 48,464 208,044 25,209 69,165 30,281 5.86 92.40 99.67 5.85 93.65 101.08 6.61 #100.08 #108.80 6.61 100.91 109.80 6.61 #102.23 #111.33 6.58 #101.70 #110.76 2,160 24,500 165,570 8,919 1,815 23,494 104,357 9,213 2,104 26,114 249,061 9,187 2,379 24,485 175,005 9,249 2,131 25,960 216,390 9,215 188,389 2,170 116.5 13.3 2,220 119.2 2,785 149.5 14.3 2,697 144.8 11.8 2,667 143.2 2,621 140.7 ALL RETAIL STORES, SALES Nondurable goods stores Bond yields, domestic corporate (Moody's) 3/ percent. Stock prices, 500 stocks (Stand. & Poor's) lj..1941-43=10. Industrials, 425 stocks do... PRODUCTION: Bituminous coal 2 / thous. sh. tons. Electric power by utilities mil. kw.-hr. Motor vehicles (cars, trucks, buses) number. Petroleum (crude) and condensate 2 / thous. bbl. Steel, raw Index of production RAIL FREIGHT, REVENUE TON MILES thous. sh. tons. 1957-59=100. bil. 1/ Data do not always cover calendar weeks. 2/ Tuesday price MONTHLY 12.3 2 / Daily average, ij 14.4 Wednesday data. # Tuesday averages. BUSINESS STATISTICS 1968 1967 ITEM II III IV II £/ GENERAL BUSINESS INDICATORS NATIONAL INCOME AND PRODUCT: 1/ SEASONALLY ADJUSTED QUARTERLY TOTALS AT ANNUAL RATES: GROSS NATIONAL PRODUCT, TOTAL bil. $.. Personal consumption expenditures, total do.... Durable goods, total do.... Automobiles and parts do.... Furniture and household equipment do.... r772.2 r480.9 r69.8 r28.1 r31.1 r780u2 r490.3 r73.4 r31.2 r31.2 r795.3 r495.5 r73.1 r31.0 r-31.4 r811.0 r502.2 r74.2 r31.4 r-31.8 r831.2 r519.4 r79.0 r34.6 r33.3 850.8 527.1 81.0 35.3 33.9 do.... do.... do.... do.... r212. r40. rl08. rl7. r215.3 r42.4 rl08.9 rl7.8 r2l6.4 r42.8 rl09.1 rl8.3 r218.4 r42.3 rllO.8 rl8.6 r226.5 r44.6 rll3.6 rl9.7 227.9 44.0 116.3 19.9 do.... do.... do.... do.... rl98, r28. r69. rl4. r201.6 r28.7 r70.4 rl4.8 r205.9 r29.2 r71.2 rl5.1 r209.6 r29.9 r72.2 rl5.5 r213.9 r30.3 r74.0 rl6.2 218.2 31.1 75.1 16.3 Gross private domestic investment, total Fixed investment Nonresidential Residential structures Change in business inventories do.... do.... do.... do.... do.... rl!3.0 rl04.6 r83.5 r21.1 r8.4 rl07.6 rl05.4 r82.7 r22.7 r2.3 rll4.7 rl09.3 r83.3 r26.0 r5.3 rl21.8 rl!3.5 r85.0 r28.5 r8.3 rll9.7 rll7.6 r88.6 r29.1 r2.1 126.1 117.7 87.6 30.1 8.4 Net exports of goods and services Exports Imports do.... do.... do.... r5.2 r45.5 r40.3 r5.1 r45.5 r40.4 5.4 r46.1 r40.6 r3.4 r46.0 r42.6 rl. r47. r46. 2.0 49.4 47.4 Govt, purchases of goods and services, total ...do.... Federal do.... National defense do.... State and local do.... rl73.1 r87.4 r70.0 r85.8 rl77.3 r90.0 r72.1 r87.2 rl79.6 r91.3 r72.9 r88.4 rl83.5 r93.5 r74.6 r90.0 rl90.5 r97.1 r76.8 r93.4 195.6 100.0 79.3 95.7 Nondurable Clothing Food and Gasoline goods, total and shoes beverages and oil Services, total Household operation Housing Transportation r/ Revised, s/ 6028 Preliminary. 1/ Data revised beginning 1965 see July 1968 SURVEY. MONTHLY BUSINESS STATISTICS—Continued 3 1968 1967 ITEM II III IV GENERAL BUSINESS INDICATORS—Con. NATIONAL INCOME AND PRODUCT~Con. SEASONALLY ADJUSTED QUARTERLY TOTAL AT -ANNUAL RATES~Con. NATIONAL INCOME, TOTAL 1/.. bil. $. Compensation of employees, total do... 1 Proprietors income, total do... Business and professional do... Farm do... r638.6 r456.7 r60.1 r45.7 rl4.4 r645.1 r46l.8 r60.5 r46.1 rl4.4 r656.9 r471.5 r6l.2 r46.6 r!4.6 r670.9 r482.7 r6l.l r46.8 rl4.3 r688.1 r496.8 r6l.8 r47.2 r!4.6 Rental income of persons do... Corp.profits and inventory valuation adj.,total do... Corporate profits before tax, total do... Corporate profits after tax do... Net interest do... r20.1 r79.5 r79.9 r47.1 r22.2 r20.2 r79.6 r80.3 r47.3 r22.9 r20.4 r80.2 r80.8 r47.6 r23.6 r20.5 r82.3 r85.4 r50.3 r24.3 r20.7 r83.8 r88.9 r49.1 r25.0 r6l4.8 r80.5 r534.2 r494.6 r39.7 r621.6 r80.1 r541.5 r504.5 r37.0 r633.7 r83.6 r550.0 r509.5 r40.5 r645.2 r85.6 r559.6 r5l6.1 r43.4 r662.7 r88.3 r574.4 533.5 r40.8 PERSONAL INCOME, quarterly total 1/ Less: Personal tax and nontax payments Equals: Disposable personal income Less: Personal outlays Equals: Personal saving do... do... do... do... do... 1968 1967 PERSONAL INCOME BY SOURCE: 1/ SEASONALLY ADJUSTED, AT ANNUAL RATES: Total personal income Wage and salary disbursements, total Commodity-producing industries, total Manufacturing Distributive industries Service industries Government Other labor income Proprietors1 income: Business and professional Farm Rental income of persons Dividends May June Mar. Apr. May bil. do. do. do. r620.6 r4l6.i rl63.9 r!32.0 r670.0 r452.2 r177.0 rl42.2 r672.7 r453.2 rl76.7 rl41.6 r678.3 r457.5 rl79.3 rl44.3 do. do. do. do. r99.1 68.6 r84.6 r22.9 r625.8 r420.7 rl64.7 133.0 rlOO. r70. r85. 23. rl06.5 r75.2 r93.4 r25.2 rl06.9 r75.5 r94.2 r25.5 rl07.4 r?6.1 r94.7 r25.7 do. do. do. do. r46.0 14.4 r20.2 r23.4 46.0 r51.6 r20.2 r601.1 r46.5 rl4.4 r20.3 r23.0 r47.5 rl4.8 r20.7 r33.9 r47.6 rl4.8 r20.8 r24.3 r47.8 rl4.8 r20.9 r24.7 r46.4 r51.8 20.3 r606.5 r50.2 r57.8 r22.4 r649.9 r50.7 r58.1 r22.4 r652.e5 23.5 3.6 6.6 24.8 3.7 6.9 26.2 4.1 7.1 25.7 4.3 6.8 26.2 4.4 7.2 do. do. do. 22.9 3.4 6.4 23.1 3.5 6.5 25.3 3.9 6.5 24.6 4.0 *.3 25.5 4.1 6.9 do. 23.6 25.8 27.7 26.1 25.1 Personal interest income do. Transfer payments do. Less personal contributions for soc. insurance ...do. Total nonagricultural income do. MANUFACTURERS' SHIFMENTS: 2/ Value (not seasonally adjusted): Durable goods industries, total bil. Primary metals do. Transportation equipment do. r51. r58. r22. r658. Value (seasonally adjusted): Durable goods industries, total Primary metals Transportation equipment MANUFACTURERS' ORDERS: 2/ New orders, net (not seasonally adjusted): Durable goods industries, total New orders, net (seasonally adjusted): Durable goods industries, total Primary metals Transportation equipment Unfilled orders, end of month (unadjusted): Durable goods industries, total do. do. do. 23.9 3.6 7.2 24.3 3.6 7.3 26.3 3.8 8.1 25.2 3.8 7.2 25.5 4.1 7.2 do. 47.7 45.7 81.3 81.7 80.6 Unfilled orders, end of month (seas, adj.): Durable goods industries, total Primary metals Transportation equipment do. do. do. 75.0 5.7 33.1 76.2 5.9 33.9 80.3 7.3 36.3 80.9 7.0 37.2 80.9 7.0 37.5 4,U3 5,809 3,930 2,835 4,663 134.2 132.0 131.9 129.7 131.6 125.4 129.6 123.4 128.6 126.6 126.0 123.9 rl65.2 rl62.0 rl62.2 rl59.1 rl43.1 r!38.8 rl41.3 r!37.0 1,274 1,254 1,233 1,214. 1,511 1,479 rl,591 rl,562 rl,345 rl,326 1,066 628 1,143 658 1,416 728 1,340 675 rl,280 r659 CONSTRUCTION AND REAL ESTATE NEW CONSTRUCTION CONTRACTS: Advance planning (ENR) 2 / mil. $. NEW HOUSING UNITS STARTED: Unadjusted: Total, incl. farm (private and public) thous. Privately owned do.«. Total nonfarm (private and public) do... Privately owned do... Seasonally adjusted at annual rates: Total, incl. farm (private only) do... Total nonfarm (private only) do... NEW PRIVATE HOUSING UNITS AUTHORIZED BY BUILDING PERMITS (13,000 permit-issuing places): Seasonally adjusted at annual rates: Total thous. One-family structures do... r/ Revised. ^/ Preliminary. 1/ Data revised beginning 1965; see July 1968 Survey, 2/ Data for June 1968 are advance estimates. 3/ Data June 1967 and May 1968 are for 5 weeks; other months, 4 1 Digitized forfor FRASER 6028 MONTHLY BUSINESS STATISTICS—Continued 4 1968 1967 ITEM May June Mar. Apr. May 127.0 127 »9 127.3 124.8 130.1 131.2 330.2 127.9 134. 135. 134. 132, 135.3 1^6o2 135.5 133.3 137.3 138.4 137.5 135.2 126, 139- 127, 140, 132. H7< 132.9 147.6 134.8 150.2 *136.2 *151.9 4,421 4,302 4,269 4,545 4,719 4,889 68,862 47,799 415 46,066 12,608 68,862 20,844 19,634 39,499 70,135 48,268 68 46,718 12,610 70,135 21,474 19,505 39,934 72,892 52,127 672 49,691 10,131 72,892 22,614 21,133 41,490 74,393 52,612 741 50,507 10,238 74,393 22,885 21,221 41,811 74,736 r53,436 1,026 50,625 10,026 74,736 23,217 21,334 42,137 75,510 54,610 305 52,230 10,025 75,510 23,196 21,462 42,534 31.9 31.6 24.4 24.2 23.8 23.6 324.6 233.5 56.1 55.0 325.6 213.9 55.4 56.3 351.8 228.5 59.9 63.5 r354.6 r231.9 59.2 63.4 356.3 232.0 60.7 63.5 356.6 233.2 60.0 63.4 6.25 6.29 6.23 6.28 6.50 6.59 6.57 6.64 r6.69 r6.81 6.88 6.97 June CONSTRUCTION AND REAL ESTATE~Con. CONSTRUCTION COST INDEXES: E. H. Boeckh and Associates, Inc.: Average, 20 cities: All types combined „ 1957-59^100.. Apartments, hotels, office buildings do.. „, Commercial and factory buildings . ».do.... Residences „....«.. <> do..., Engineering News-Record: Building „ do.... Construction .do.... Federal Home Loan Banks, outstanding advances to member institutions, end of period... o mil. $.« FINANCE FEDERAL RESERVE BANKS, CONDITION, END OF MONTH: Assets, total mil. $. Reserve bank credit outstanding, total do... Discounts and advances do... U.S. Government securities do... Gold certificate reserves do... Liabilities, total do... Deposits, total do... Member-bank reserve balances do... Federal reserve notes in circulation do... Ratio of gold certificate reserves to FR note liabilities percent. Commercial bank credit (last Wednesday of month, except for June 30 and Dec. 31 call dates), seas, adj.: Total loans and investments 1/ bil« $. Loans 1/ .do.., U.S. Government securities do... Other securities do... Money and interest rates: Home mortgage rates (conventional 1st mortgages): New home purchase (U.S. avg.) percent. Existing heme purchase (U.S. avg.) do... r/ Revised. 1/ Excludes interbank loans. USCOMM-DC-6028 *Index as of July 1, 1968: UNITED STATES GOVERNMENT PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS W A S H I N G T O N , D.C. 20402 OFFICIAL BUSINESS First-Class Mail WEEKLY SUPPLEMENT SURVEY OF CURRENT BUSINESS Building, 136.7; construction, 152.4. POSTAGE AND FEES PAID U.S. GOVERNMENT PRINTING OFFICE
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