The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
^ M E N T O r ^ March 22, 1957 BUSINESS 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 BILLION BILLION DOLLARS DOLLARS 100 00 TOTAL LOANS AND INVESTMENTS Average of Wednesday data Wednesday data (Federal Reserve Weekly Reporting Member Banks) 95 95 H 90 H 85 90 1957 K/^r-q 85 / 1956 80 75 rvl I -j J/000^ "^*w I I I 1 I 1 1 1 1 I I 1 1 1 1 1 1 1 1 1. 1 \ i i 1 1 1 1 1 1 1 1 1 i i i i i i i i i 1957 1956 1955 1954 INDEX, 1 9 4 7 - 4 9 = 100 INDEX, 180 130 80 I I I I I 1 I I I I LJ J F M A M J J A S O N D 75 1 9 4 7 - 4 9 = 100 TOTAL INDUSTRIAL PRODUCTION (F. R. B. seas. a d j . i n d e x ) 120 h 160 I 10 140 h too h 120 h- SOO 1 I 1 I I I 1 r i i I i 1 i i i i I 1 I i I I I 1 I I I M I I I I I I 1 I I I I I I I I I 1954 1955 1956 1957 INDEX, 1947-49 = 100 8 0 Ul i I i i I I I i i i l 1955 1956 1957 DOLLARS 200 HOURS 2.40 MANUFACTURING EMPLOYMENT & PAYROLLS (production workers) 175 56 MANUFACTURING HOURS & EARNINGS 2.20 Payrolls 150 i i ' i I I I I I i i 1 i i i I I I i I I I i I 11 I I i 1 i 1954 2.00 h 125 1.80 too 1.60 H Average Hourly Gross Earnings 52 48 ( l e f t scale) 44 H 40 Average Hours Per Week 75 1 i i i i i I i i i i i 1 i i i i i I i i i i i 1 i i i i i I i i i i i 1 i i i t i I i i i i I. 1954 1955 1956 S957 L40 (right scale) I i i i i Ii i i M I i n i i l l i i i i 1 i n n 1954 1955 I 1956 i i i i i I i i i i 1957 36 WEEKLY BUSINESS STATISTICS1 2 1956 ITEM Mar. 10 1957 Mar. 17 Feb. 23 Mar. 2 Mar. 16 Mar. 9 Commodity prices, wholesale: •••••••••• 89.3 109 1,642 1,504 •112.8 •86.6 •99,2 •121.0 89.4 105 1,594 1,460 88.5 100 1,823 1,679 88.0 99 1,829 1,684 30,201 25,118 18.670 533 30,276 25,308 18,691 509 30,605 24,764 18,895 505 56,417 21,510 84,338 28,157 26,484 8,^4 57,603 21,597 85,349 28,431 27,077 8,287 268 3.27 46.01 48.84 1,592 11,133 157,104 7,162 116.8 88.5 103.5 125.3 88.6 98 116.9 88.9 103.9 125.3 88.8 30,543 24,813 18,683 425 30,565 24,871 !8,72! 428 30,609 24,791 18,654 405 56,214 22,568 85,069 25,809 30,347 8,766 56,370 22,621 85,038 25,723 30,314 8,762 55,791 22,735 84,975 25,532 30,444 8,736 300 3.29 47,53 50.58 300 3.98 284 3.98 43.41 46.05 327 3.97 44.33 47.17 1,538 11,202 154,946 7,153 1,642 11,920 162,280 7,567 1,610 11,791 162,105 7,519 1,617 11,867 158,996 7,813 Finance: Federal Reserve bank credit outstanding, total .3/....do.... Federal Reserve report i n g m e m b e r banks in leading cities:^/ Commercial, industrial, and a g r . loans (gross)...do.... Bond yields, domestic corporate (Moody's) 3/ percent.. Stock prices, 5 0 0 stocks (Stand. & Poor's) 4/..1941-43=10.. 301 3.97 44.04 46.88 Product i o n : Passenger cars and trucks (Ward's) number.. 162,975 2,504 2,477 2,462 2,456 2,411 2,401 97.8 #100.6 #100.0 94.2 93.8 96.0 627 686 704 698 672 •xcc M i s e e 1 1 anar>ii« H*-» •XA-l 326 • 367 373 ,...., .... ' -Tf 1 / Data do not always cover calendar weeks. 2 / Tuesday prices. 3/ Daily average. A/ Wednesday data; S&P's index on revised basis. .5/ Week beginning March 18, 1957: Production, 2,392 thous. short tons; operating rate, 93.5 percent. •Monthly index for March 1956. #Not comparable with 1957 rates, which are based on higher capacity. MONTHLY BUSINESS STATISTICS 1957 1956 ITEM January February November December January February GENERAL BUSINESS INDICATORS^ Industrial production ( F R B ) : ,1947-49=100.. do.... do.... do.... Metal fabricating (including ordnance). ........QO.... do.... do.... do.... ........do.... do.... .do.... do.... ..do.... do.... do.... do.... do.... do.... do.... do.... do.... Metal fabricating (including o r d n a n c e ) . •.•••••.do.... do.... do.... do.... A~> .do.... .do.... i 143 144 160 151 172 135 167 206 160 122 116 150 141 128 127 143 129 91 153 144 146 161 152 172 134 168 205 161 123 121 150 145 131 130 143 127 88 151 147 149 166 146 181 138 177 218 174 122 117 161 150 132 144 143 130 90 149 143 145 160 148 170 136 164 r200 1.60 122 128 r!56 rl46 143 144 158 rl46 168 134 rl63 rl99 161 r!22 rl23 155 143 146 147 165 146 180 rl39 rl75 r2l6 172 r!!9 r 119 rl57 r!44 144 146 rl66 rl42 rl83 rl39 rl77 r225 175 125 104 156 rl45 rl25 142 rl45 rl29 83 rl55 145 rl46 rl64 rl47 rl8l rl36 rl75 r224 r!72 118 rl04 150 rl36 r!28 rl36 rl47 rl30 r84 rl58 pl47 pl49 pl66 pl48 pl83 pl37 pl77 p227 pl76 pll9 p 1 12 p 151 pl36 pl3l pl39 pl44 p 131 147 rl49 rl67 rl45 rl83 rl4l 176 1 r223 173 120 E rl 17 rl58 r!44 146 147 164 rl44 180 rl37 r 173 221 r!72 ! 18 rl 14 rl57 r!40 pl46 pl47 pl64 pl43 pl80 pl37 pl72 p223 pl76 p86 pl58 nl IP p 1 13 p!56 pl35 £ / Revised. £ / Preliminary. • REVISED DATA~Manufacturers» sales, inventories, and orders for January 1957 shown in the March 8 issue of the Weekly Supplement have been revised as follows (mil. of d o l . ) : Unadjusted d a t a — S A L E S , total, 28,793; total durables, 14,395; fabricated metal, 1,482; INVENTORIES, total, 51,909; total durables, 29,958; fabricated metal, 2,979; NEW ORDERS, total, 28,685; total durables, 14,444; fabricated metal, i,43i; seasonally adjusted d a t a — S A L E S , total, 29,ii3; total durables, 14,607; fabricated metal, 1,497; INVENTORIES, Digitized fortotal; FRASER 51^488; total durables, 29,819; fabricated m e t a ! ; 3-009: NEW ORDERS; total; 28,881: total durables. 14,389: fabricated metal. !-539 s MONTHLY BUSINESS STATISTICS — Continued 3 1956 1957 ITEM January February November December January February GENERAL BUSINESS INDICATORS - Continued Industrial production, adjusted index (FRB) - Continued Manufactures - Continued rl30 rl32 130 rl32 rl42 rl29 129 139 rl43 rl30 130 rl40 rl45 rl3l 87 88 80 rl49 rl48 r87 149 rW| r»46 130 r80 rl54 rl54 pl55 r!38 rl49 142 rl29 130 pl30 pl4l pl43 pl32 p86 Consumer durables output (FRB): 144 159 173 143 157 164 139 151 164 rS4! rl54 177 174 p!43 pl55 p!78 150 109 153 no rl4l 112 rl37 rllO rl30 rill pi 13 r!37 rl49 rl55 rl46 r!32 r!43 rl52 r!36 r!4i r!54 rl68 rl43 r!38 rl48 III 109 113 r 115 pi 14 111,9 112.4 115.9 116.3 116.9 117.0 91.5 120.0 III.8 84.1 105.0 81.5 63.0 98.3 i 15.1 106.1 94.9 123.8 116.2 87.9 104.3 87.9 68.6 103.6 115.8 113.6 r96.6 124.2 116.2 88.9 102.6 88.8 71.7 103.1 115.4 112.6 A in^.fi 82.7 81.5 r97.4 r124.8 116.7 89.3 100.7 89.5 73.9 104.3 115.8 112.5 mi.fi 84.8 96.6 125.0 116.9 88.8 96.1 87.0 75.0 104.0 115.9 112.5 75,7 93.3 120.3 112.0 86.0 98.2 82.9 67.7 99.0 115.4 106.1 ina o 76.1 120.4 106.3 120.0 II 1.0 il7.2 118.0 105.6 96.7 126.3 127.6 120.6 106.4 119.9 II 1.2 M7.5 118.2 105.7 97.1 126.7 128.2 124.2 108.2 122.5 II 1.2 M7.5 121.1 106.5 99.8 121.5 123.1 133.3 132.4 126.7 145.1 149.4 127.0 124.8 134.6 148.4 95.7 99.5 121.7 133.9 133.2 127.5 145.1 149.1 127.1 125.4 135.0 147.1 96.0 99.5 121.7 143.4 145,2 134.2 152.1 162.5 131.2 127.8 139.2 146.9 95.4 99.7 123.5 124.7 108.3 122.5 114.0 120.9 121.2 105.9 99.2 121.0 122.5 143.6 145.4 134.3 152.3 163.3 131.3 128.0 139.2 147.9 95.6 99.7 123.6 125.2 108.7 123.5 NI6.3 r124.9 rl2l.9 106.5 98.4 rl2l.3 122.6 143.9 146.0 134.3 r152.2 164.3 r132.0 128.6 r139.2 r145.0 95.8 99.7 124.0 125.5 108.8 123.2 119.6 S3I.0 122.0 106.8 98.0 120.7 121.8 144.4 147.1 134.4 151.2 163.7 132.6 128.5 139.2 143.8 95.7 99.6 124.1 75.0 73.7 53.6 78.3 77.0 56.9 r77.4 r77.0 r54.6 65.0 62.2 44.2 65.0 62.5 45.0 1.3 1.3 .4 2.8 2.5 1,195.0 1,127.0 r1,027.0 1,030.0 1,010.0 910.0 622 667 644 582 629 623 667 648 586 630 644 696 681 595 635 647 699 687 594 638 649 702 701 594 640 653 705 703 610 643 65,775 62,891 5,635 57,256 2.885 65,490 62,576 5,469 57,107 2,914 67,732 65,269 6,192 59,076 2,463 67,029 64,550 5,110 59,440 2,479 r2/ 65,821 r2/ 62,:>78 r2/ 4,935 r2/ 57,643 r2/ 3,244 2/ 66,31! 2/ 63,i90 2/ 5,195 2/ 57,996 2/ 3,121 M44 r!57 rl68 149 113 169 131 pi37 pl47 pl67 COMMODITY PRICES Economic sector: Intermediate materials, supplies, and components F»-ni+e skn/4 tiano-fah l o c /*s»nn<a<-t aniH 4rnTan do..,. Ar\ Commodities other than farm products and foods.........do.... Tobacco manufactures and bottled beverages.. ....do.... ina i Ifift 1 IOS.Q 83.9 CONSTRUCTION AND REAL ESTATE New permanent nonfarm dwelling units started: Unadjusted: 64,0 63.6 44.9 1 ,4 Seasonally adjusted at annual rate: Construction cost index: American Appraisal Co., The, average, 30 cities....1913=100.. EMPLOYMENT AND WAGES Labor force (Bureau of the Census): r/ Revised. £ / Preliminary. J./ Goods to users, including raw foods and fuels. 2 / The estimates beginning January 1957 reflect certain changes made in the definitions for employment and unemployment, etc. Figures for January and February 1957, comparable with data through December 1956, in order as above (thous s ): January ~ 65,830; 62,890; 4,943; 57,947; 2,940; February — 66,313; 63,434; 5,199; 58,235; Digitized for 2.881. FRASER 3 % S.7 i_ MONTHLY BUSINESS STATISTICS — Con tin ued 4 1957 1956 ITEM January EMPLOYMENT AND WAGES - Continued Employees in nonagricultural establsshmentss Total, unadjusted CUe S. Department of Labor)***^thousands* Manu factor i ng••.....#........................#......do... F) I O I ng® « . . « « . . . . . . . ' . « . a. • a a « . a a . « . a a « e a . a « a . a aaaaaa ©OO® . © Contract construction e . 8ea>eeeoeoo .. oee@eee9ea< , esoee .do... Transportation and public utiI ities...••••••••••••«.do... Wholesale and retail trade e o o e < , 6 0 0 9 .. s e s e e e o e e e e e e 8 ) .do.. s Finance, insurance* and real estate.••••••••••••#...do... Service and miscellaneous e e o e s o e . a 9 e e o e « 9 a s s s e e . e 6 e e do s e . o O V e m m e O T . o e o o o e o a o a o a s o e o o o Q o o e i s o o o f f l O B s o e . o s o o o o o o 9QO© 0 • February 50,284 16,842 777 2,588 4,083 10,920 2,238 5,803 7,033 50,246 16,824 780 2,588 4,083 10,819 13,260 7,751 87 635 322 468 1,141 913 1,261 854 1,449 «30 5,509 1,022 95 991 1,105 458 538 556 171 230 345 November December January 52,484 17,151 811 3,191 4,170 S1,496 2,313 6,010 7,342 r53#!3! M 7 , 133 13,212 7,692 86 635 322 466 1,138 899 1,274 849 1,392 231 5,520 1,013 90 989 1,131 456 540 558 170 225 350 13,353 -7,802 r!3,3!2 107,2 108.0 159.1 106.8 107.2 157.7 I08a0 107. S 167.7 40.7 41.2 39.9 78.55 84.87 69.83 1.93 2.06 1.75 40.5 41.0 39.8 40.5 41.2 39.6 4I09 39.8 78.17 84.05 82 a 42 84.05 88.99 73.26 2.03 2.86 91.34 74.03 2.05 2,250 5,818 7,084 811 r3,029 r4,S80 r12,092 2,308 r5,976 r7,602 February r5l,253 r!6,934 r803 r2,723 r4,!S0 Ml,158 r2,295 r5,918 r7,3!2 p5l,245 r13,126 r7,7!3 r8l r576 pl3,09l p7,679 p i 6,908 p80l p2,741 p4,103 pi 1,100 p2,3ll p5,929 p7,352 Production workers In manufacturing industries^ Durable-goods industrSesa.ces,ees..ee9oo.06e8,@9e06a..do.-.• Ordnance and accessories.••••••••••••••••••••••...do... Lumber and wood products (except furniture) aea8998 do, 90 Furniture and fixtures.••••••••••••••••••••••••...do... Stone, clay, and glass products...................do... Primary metal industries.....••••.•••••.••.....••.do... Fabrscated metaI products J./......................do... Machinery (except electrical).....................do... Electrical machinery, e e e @ ( s 9 o s s 9 e e a . s o e s «, 9 0 S e o 9 S s a e do. e , Transportation equipment.., .....do,,, Instruments and related products ese . osaoeesso9s>aeffl do. oe Nondurable-goods industri@s„ 99 .,. e , a.•adO.® Food and kindred productSa 6 .. 4 . e »..,., 48e . e9 . a . a . d O . . Tobacco manufacturesa•«•••••••••••..« a . a a d O , . Textile-miIS products.«...,..,... *. *.. .....do.. Apparel and other finished textile products... e a a «dO.» Paper and allied products.....,,« »..„«.« adO.a Printing, publishing, and allied products.,,.. e dOa« adO.. Chemicals and allied products.,„..,,..,« Products of petroIeum and coaI,.. .do eo KUDDer prOQUCTS..aeeeeaaeaaeaaea.aaeaeaaassea adOa, Leather and leather products...e8.0aa a adOa. Manufacturing production-worker indexes: Employment: Unadjusted,.,. *a«...*..,.*«.*.a••a 1947-49=100a Adjusted. '••••••••••••.•••• do.., P a y r o l I S , U n a d j U S t e d . e ... ..a e e a e e . e e e a a a a e a a a a e a a a e a ...(JO.,, Hours and earnings; Average weekly hours per worker, ail manufacturing,..hours. Durab Ie-goods industr ies ••••••• ...«.«.«• do,.. Nondurab le-goods i ndustr ies. . do... Average weekly earnings, all manufacturing dollars. Durab I e-goods i ndustr ies.... do,. • 00 Nondurab I e-goods i ndustr i es do... Average hourly earnings, all manufacturing............do.., Durab le-goods industr ies... .do,.• Nondurab le-goods I ndustr ies,*.,, ,,do,,. TRANSPORTATION EQUIPMENT Truck trailers, production, total. ......number. Complet© trai lers..,««•.....*...«.....*•... «...»do«.. VanS.. .a. aaaa Trai Ier chassis., £/ Revised, £/ Preliminary. ..dO„. .,.,.do.., 6,233 6,085 3,824 148 \J E x c e p t o r d n a n c e , m a c h i n e r y , and t r a n s p o r t a t i o n 69.65 1.93 2.05 1.75 6,424 6,207 3,815 217 82 634 318 479 !,S32 911 1,273 918 r7,79l 83 r607 318 473 r1,133 r909 r1,289 r907 1,402 237 r1,439 5,551 1,13.1 S01 949 r5,52i 1,088 467 564 550 175 199 327 236 1,082 r98 r942 r1,088 r470 r566 552 rS73 r222 r329 r107.6 r!07a2 170.9 41.0 311 r460 M , 132 r905 rl,30S r894 rl,439 235 r5,4l'3 rl,028 r93 r928 M,069 r465 r557 r553 r!72 r222 p80 oeae p3ii p455 pi,129 p901 pi,310 p886 p1,428 p236 p5,4!2 p1,003 p88 p929 pi,097 p463 p556 p551 pi73 p222 r326 p332 M06.1 r106.8 r164.8 p!05.8 p106.2 p!64.8 r40. I r40.8 r39.1 r82.2l r88.54 r72.73 2.05 r2.17 1.86 1.85 2.18 1.86 4,786 r4,171 4,594 2,544 192 r3,999 5,032 4,783 r2,098 rl72 2,625 249 p40.2 p40.9 p39.2 p82.4l P89.I6 P72.9I p2.05 P2.I8 pi .86 equipment. 3 8, 3L1 3L. PENALTY FOR PRIVATE USE TO AVOID PAYMENT OF POSTAGE, $300 UNITED STATES GOVERNMENT PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS W A S H I N G T O N 25, D. C. OFFICIAL BUSINESS FIRST CLASS WEEKLY SUPPLEMENT SURVEY OF CURRENT BUSINESS
@FedFRASER