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March 24, 1967

BUSINESS

A WEEKLY
SUPPLEMENT
TO THE

^IIIIIP^

Ifiii SB all HH HI ""^H^ Si

SURVEY OF CURRENT BUSINESS*

i l l 'mnnji^ N^mp^

U. S. DEPARTMENT OF COMMERCE / OFFICE OF BUSINESS ECONOMICS
BUS!NESS

INDICATORS

Index, 1957-59=100
200
TOTAL INDUSTRIAL PRODUCTION

Billion Dollars
700
PERSONAL INCOME

(F.R.B. seas. adj. index)

(seas, adj., at annual rates)

—

180

600
Total

~

500

-

Wag® and Salary
Disbursements \

400

\

^ ^ es*

160

~

140

eat* •*** ~"""

" = • •**•

300

II 1 1 ll 1 M 1 1

1964

1965

1966

I M I I I

120

-JUU J, I,.,[ 1. . U U u J j U U l - U J j U L J U U U J J J U - j J j U L L J L J L J _ i J » ^ j J - J m l J L l _ L .

1964

1967

1965

1966

Index, 1957-59=100
115
WHOLESALE PRICES

Index, 1957-59=100
140

•|Q2 I

Commodities other than
Form Products and Foods

/x L-

90
1964

1965

1966

l I I l l M

1967

1964

Data: U.S. Dept. of Labor

1965

1966

I I l I

1967

Data: U.S. Dept. of Labor

Billion Dollars
80

1967

Data: Federal Reserve Board

Data: U.S. Dept. of Commerce

Million
2.5

NEW CONSTRUCTION*

PRIVATE NONFARM HOUSING STARTS*
2.0

Total Put in Place

60

Private Residential
(nonfarm)

40

20
*Seas. adj., at annual rates
I I I I I li I 1 ll i I l I M I I

1964

1965

U.S. Dept. of Commerce

1966

1967

Seas, adj., at annual rates
• i i i i i i i

•LJ-U, I I.I M JLX

1964

U.S. Dept. of Commerce

* 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


, 1965

„U_Li

1966

• I.M.ll.l.l-LL

1967

WEEKLY

2

BUSINESS STATISTICS1
1967

1966
ITEM
Mar. 12

Mar. 19

Feb. 25

1957-59=100.

114.2

114.5

101.7

101.4

100.8

mil. $.
do...

5,407
3,578

5,633
3,676

5,412
3,715

5,603
3,905

5,510
3,839

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.

177
1,459
1,376
290

162
1,370
1,291
245

248
1,699
1,625
294

327
1,695
1,621
289

241

336

265

FINANCE:
Currency in circulation^/
mil. $.
Federal Reserve bank credit outstanding, total J3/....do...
Member bank reserve balances 3_/....
do...
Excess reserves, est i mated 3/
do...

41,319
42,987
22,045
360

41,480
42,848
22,121
363

43,540
46,183
23,381
115

43,571
46,451
23,207
371

43,753
46,271
23,257
377

Assets and liabilities of large commercial banks: 4/
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...

71,573
50,574
174,858
23,983
53,720
25,865

69,756
46,574
184,997
25,622
60,404
27,210

72,600
46,609
186,497
25,629
60,730
27,168

70,969
46,721
184,772
25,183
60,829
27,124

5.38
*87.34
*93.36

5.42
87.68
93.84

5.43
88.27
94.50

WHOLESALE PRICES, 22 COMMODITIES 2/
ALL RETAIL STORES, SALES
Nondurable goods stores

.
.

Bond yieids, 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 J3/.
thous. bb I.
Steel, raw
Index of production
FREIGHT CARLOAD INGS, TOTAL
Mi see I laneous.

5.05
88.96
95.14

Mar. 18
100.3

1,768
20,709
237,966
8,337

1,725
23,493
159,310
8,751

1)734
23,209
131,314
8,685

1,493
22,631
193,264
8,685

2,692
144.5
558
318

2,730
146.5

2,582
138.6
504
283

2,528
135.7
534
302

2,464
132.3
522
305

2 / Tuesday price.

MONTHLY

5. 12
87.86
93.89

Mar. I I

1,738
21,424
239,898
8,342

thous. sh. tons.
1957-59=100.
thous. cars.
do...

J/ Data do not always cover calendar weeks.

43,568
46,81 I
23,794
553

Mar. 4

3/

573
325

Daily average.

4/ Wednesday data.

198,022

2,476
132.9

* Tuesday data.

BUSINESS STATISTICS
1967

1966
ITEM

GENERAL BUSINESS

5.43
89.-19
95.64

Jan.

Nov.

Feb.

Jan.

Dec.

INDICATORS

NATIONAL INCOME:
SEASONALLY ADJUSTED QUARTERLY TOTALS AT ANNUAL RATES:
NATIONAL INCOME, TOTAL
.bil.
Compensation of employees, total
do.
Proprietors' income, total
....do.
Rental income of persons
do.
Corp. profits and inventory valuation adj.,totaI.do....
Corporate profits before tax, total
do....
Corporate profits tax liability
do....
Corporate profits after tax
do....
Inventory valuation adjustment
do....
Net interest
do....
PERSONAL INCOME, BY SOURCE:
SEASONALLY ADJUSTED, AT ANNUAL RATES:
Total personal income
bil. $..
Wage and salary disbursements, total
do....
Commodity-producing industries.
do...,
Manuf actur i ng on Iy
do...,

1/577.8
406.5
57. I
18.5

2/613.8
438.3
57.3
18.9

76,
78.
32.
46.
-I.
18.

79,
81,
33,
48,
-2,
20,

p3/626.9
447.5
57.5
19. 1
p8l.9
p8l.9
p33.8
p48.2
.0
21.0

560.2
376.8
152.1
121.8

564.7
380.1
153.9
i23.3

598.5
405.1
162.4
i 3 i .4

601,
407,
162,
i3i.

r607.5
r4l0.7
163.9
ri32.2

41 1.2
163.0
i5i.2

90.1
61.1
73.6
19.8

90.9
61.2
74.1
20.0

95.8
65.8
81.0
21.7

96,
66,
81,
21,

r97,
66.
82.
22,

97.7
67.0
83.5
22.5

do....
do....

41.3
16.8

41.3
17.0

42.2
15.2

42.4
15.4

42.
rl5,

42.9

Rental income of persons
do....
Dividends
do....
Personal interest income
do....
Transfer payments
do....
Less personal contributions for soc. insurance...do....

18.6
20.8
40.5
42.3
16.8

18.7
21.0
41.0
42.6
16.9

19.1
21.2
44.8
47.8
18.5

19,
19,
45,
48.
18.

19,
21,
r45,
r50,
19,

19.3
21.5
46.1
51.1
19.7

538.8

543.0

578.6

581.7

Distributive i ndustries
Service industries
Government
Other labor income
Proprietors' income:
Business and professional
Farm

Total nonagricuIturaI

do....
do....
do....
.....do....

income.

r_/ Revised.
p/ Preliminary.

19346


\_f Data are for 4th atr. 1965.

2 / Data arp -fnr 3rH n+r

iQfifi.

I

r537.5

609.9

14.9

I

3/ Data are? fnr 4th ntr ; 1966,

590.1

MONTHLY BUSINESS STATISTICS—Continued

3

1966

1967

ITEM

Feb.

Nov.

150.6

152.4

152.9
158.1
131.9
157.7
174.5
163.0
166.8
142.4
125.6
165.4

Jan.

Dec.

Jan.

158.6

N59.0

N58.0

154,
160
138
161,
176,
164,
169,
142,
126.5
167.7

N6I.0
rl67.3
138
rl64
189
172
18!
rl36
rl09
173.9

rl6l.3
167.6
M36.2
rl68.6
r!89.5
rl7!.5
N84.6
r!36.9
rl12.8

r160.2
rl65 .8
132.7
rl66 .7
rI89 .8
rl64 .8
rl86 .7
rI37 ,0
114 .1
r!72 A

146.4
140.4
145.6
III.4
150.6
136.0
183.1
130.5
185.8
126.2
119.6
117.3
I 14.4
113.5
133.4
164.7
169.3

147.3
140.7
148.4
109.7
148.5
138.6
185.5
125.5
184.7
126.8
126.7
117.7
111.2
115.0
130.8
168.7
174.2

r!53. I
N4I.8
149.3
rl10.8
153.7
144.7
M99.4
129.1
202.0
129.
117.
rl2I.
114.
r I 19.
133.
176.
183,

r!53.
rl41.
150.

do..
do..
do..
do..
do..
do..
do..
do..
do..
do,.
do..
do..

150.3
144.6
167.3
168.1
180.3
152.0
136.9
162.6
171.9
150.9
149.9
151.0

152.1
146. I
166.6
167.9
177.8
155.0
139.2
164.8
174.0
152.6
152.6
152. I

158.5
M48.8

bil. $
do..
do..

20.8
3.4
6 0

do..
do..
do..

GENERAL BUSINESS INDICATORS—Con 11 nued
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...
Pr imary meta Is
do...
Fabricated metal products
.....do...
Machinery, ss ss 6s s ss.. * *
do...
Transportation equipment
.do...
Instruments and related products
do...
Clay, glass, and stone products.,.............do...
Lumber and products
do...
Furniture and fixtures
do...
Nondurab le manufactures
Textile mill products
Apparel products
Leather and products
Paper and products
.
Printing and publishing
Chemicals and products
Petroleum products
Rubber and plastics products
Food and beverages
Tobacco products
MINI NG
Coa I
•.
Crude oil and natural gas
Metal mining
UTILITIES
E lectric
BY MARKET GROUPINGS:
Final products, total
Consumer goods
Automotive and home goods
Automotive products
Autos
Auto parts and allied products
Apparel and staples
Equipment, including defense
Business equ ipment
Mater i a I s
Durable goods materials
Nondurab le mater i a Is
MANUFACTURERS' SHIPMENTS: J_/
Value (not seasonally adjusted):
Durable goods industries, total
Primary meta Is
Transportation equ ipment
Value (seasonally adjusted):
Durable goods industries, total
Pr i mary meta Is
Transportation equ i pment
MANUFACTURERS' ORDERS: U
New orders, net (not seasonally adjusted):
Durable goods industries, total
New orders, net (seasonally adjusted):
Durable goods industries, total
Pr imary meta Is
Transportation equi pment
Unfilled orders, end of month (unadjusted):
Durable goods industries, total
Unfilled orders, end of month (seas, adj.):
Durable goods industries, total
Pr i mary meta Is.
Transportation equ i pment
COMMODITY PRICES
CONSUMER PRICE INDEX:
Unadjusted indexes:
A l i i terns
Special group indexes:
Commodities
Nondurab les
Durab les
New cars
Used cars
Commodities less food
Food
M e a t s , p o u l t r y , and f i s h
Dairy products
F r u i t s and v e g e t a b l e s
Hous i ng
Shelter
Rent

r./ Revised,

£./ Preliminary.

Digitized for iFRASER
9346


do..
do..
do..
do..
do..
do..
do..
do..
..do...
do..
do..
do..
do..
do..
do..
do..

r166.5
162.8
166.7
M57.8
r143.3

179.6
187.5
159. I
158.5

174.0

110.
rl52.
r!43.
rl98.
N28.8
202.7
N32.0
119.3
r 123.0
125.2
rl18.9
r134.8
N76.4
183,4
r159. I
r149.0
r164.8

162.6
167.3
156.4
143.5

rl53 .1
138 .5
152 .8
145 7
199 8
128 5
13! 6
rl23
r!20
rI20
138
r!76

6
7
6
4
0

157 8
r 147. 1
157. 6
rl47 s 1
141. 3
154. 6

rl59.9

r180.8
rl89.3
N58.8
rl56.I
r161.0

rl80. 9
rl88. 5
rl58. 2
rl53. 9
161. 9

22.
3.
6.

23.4
3.7
6.6

23.0
3.6
6.5

21. 6
3,7
5.9

22.
3.
6.

22.
3.
6.

23.2
3.8
6.2

23.7
3.9
6.3

23. 3
3.8
5.9

do..

23.1

24.6

22.7

22.9

21.9

do..
do..
.do..

23.6
3.6
6.5

23.7
4.0
6.6

23.
3.
5.

24.0
3.7
6.5

22,
3.
5.

do..

63.8

65.5

75.3

75.3

75.6

do..
do..
do..

63.8
5.8
26.6

65.1
6.1
27. I

76.
7,
32,

76.4
6.9
32.4

75,
6.
32.

1957-59= 100,

I I 1.0

I I 1.6

I 14.6

I 14.7

I 14.7

do..
do..
do..
do. .
do..

107.4
109.6

101.9
97.4
I 14.8

108.0
I 10.6
101.8
97.2
I 14.0

I 10.2
I 12.9
103.5
99.. 3
I 19.3

I 10. I
I 13.0
103. I
98.6
i 14.2

109.9
I 12.7
102.7
97.6
I 13.6

do..
do..

105.3
I I 1.4
I 12.9
106.6
I I 1.3
109.2
! 12.0
109.7

105.4
113.I
I 15.7
107.0
I 16.5
109.4
I 12. I
109.8

107.8
I 14.8
I I 1.8
I 16.7
I 14.9
I 12.6
I 15.8
I I 1.2

107.7
I 14.8
I 10.9
i 16.5
I 14.3
I 13.0
I 16.4
I I 1.3

107.3
I 14.7
I 10.3
I 16.4
I 15.3
I 13. I
I 16.5
I I 1.4

do..
do..
do..
do..
do. .
do..

±/ Data for Feb. 1967 are advance estimates.

MONTHLY BUSINESS STATISTICS —Continued
1966

1967

STEM
Jan.

Feb.

Jan.

Dec.

Nov.

_______

"

COMMODITY PR ICES—Cont I nued

Feb.

CONSUMER PRICE INDEX, UNADJ.--Con.
..1957-59=100..
.........do....
.........do....
.........do....
......... do....
.........do....
.........do....
.........do....
.........do....
......... do.. 0 0

106.4
108.9
107.9
107.3
1 1 1.2
109.6
122.0
i I6e9
124.2
! !0 o 4

106.5
109.0
108.2
107.6
1 1 I. 1
109.6
122.0
i 17. 1
124.5
1 10.8

108.3
108.9
108.1
1 12.0
1 14.5
1 12.6
129.6
120.8
131.3
1 13.4

108.4
i 10.2
107.9
1 12.3
1 13.8
1 1 1.7
129.8
121.0
131.9
1 I3 0 7

108.6
1 10.5
108.3
1 11.3
1 13.4
I 1 1.4
129.8
121.4
132.9
1 13.8

108.7
I I I.I
108.3
II 1.9
1 13.8
1 1 1.8
130.0
121.8
133.6
1 14.1

.........do....
.........do....
......... do....

II 1.6
107.8
110.8

1 13.1
108.0
1 1 1.4

rl 15.3
I 1 1.3
rl S4.0

MI5.3
1 1 1.7
rl13.3

1 14.9
1 1 1.9
113.2

I 14.0
1 12.3
IS4.3

$0,896

$0,873

$0,872

$0,872

$0.87!

4,748
3,389
!,627
1,315
1,266

6,074
4, 140
1,795
1,356
1,672

r4,723
r3,277
r 1,379
r1,033
1,361

4,312
3,015
1,239

609
624

r5,453
r3,840
r1,622
r1,217
r1,579
r575
r600
rl,6l3
r645
45

r71,066
r47,868
r20,740
19,647
6, 136
7,800
r23,198
r8,568

561

566

Seasonally adjusted Indexes^

PURCHASING POWER OF THE DOLLAR AS MEASURED B Y 1957-59=$1.00..

$0,901

CONSTRUCTION AND REAL ESTATE
MEW CONSTRUCTION PUT IN PLACE <UNADJ„), TOTAL„ .......mi 1. $..
do....
.........do....
.........do....
Nonresidential buildings, total 1/
.........do....
C.B
Industrial
,..,.... .........do....
Comrnerc i a 1.............................. .........do....
.........do....
.........do....
.........do....
NEW CONSTRUCTION PUT IN PLACE (SEASONALLY ADJUSTED AT ANNUAL
.......mi 1. $..
Pr1vate, tota1.......«,....... o.o............ .........do....
.........do....
Nonresidential buildings, total 1/........ .........do....
......... do....
.........do....
.........do....
......... do....
Res i dent i a 1...„..................................do....
NEW HOUSING UNITS STARTED:
Unadjusted:
Total, incl. farm (public and private).... ........thous..
.........do....
.........do....
..........do....
Seasonally adjusted at annual rates:
..........do....
..........do....
NEW PRIVATE HOUSING UNITS AUTHORIZED BY BUILDING PERMITS
(12,000 perm it-issuing places):
Seasonally adjusted at annual rates:
.........thous..
..........do....
CONSTRUCTION COST INDEXES:
..1957-59=100..

5, 157
3,651
1,843
!, 483
1,302

453
507

942
0 O . . . . O

442
510

453
45!

1,506

1,359

1,934

647
38

622
36

678
50

77,622
53,285
27,460
18,812
5,987
7,846
24,337
9,259

78,920
54,290
27,463
19,388
6,629
7,294
24,630
9,391

69,856
46,811
20,830
18,531
6,444
7,051
23,045
8,413

516

508

556

r69,934
r46,876
r20,459
r18,868
r6,250
r7,5l6
r23,058
r8,450
560

87.3
84.6
86,3
83.7

81.0
78.2
79„5
76.7

77.6
75.3
76„2
73.9

r65.7
r6306
r64„4
r62.3

r67.l
r64.4
r65.7
r63°0

63.2
61.4
62.1
.60.3

1,611
1,585

1,374
1,349

1,012

993

r1,089
r1,066

r1,282
r!,25!

1,089
!,073

1,255
71 1

1,197

652

715
441

759
477

r942
r549

847
551

1 18

123

rl22

123

123

1 18

r1,446
r603

.......
.......
1,297

575
39

41

71,706
48,282
21,156

•••....
.......
.......
23,424
8,628

r_f Revised.
J / Excludes farm and public u t i l i t i e s .
USCOMM-DC—19346

UNITED STATES
GOVERNMENT PRINTING OFFICE

POSTAGE A N D FEES PAID
U.S. GOVERNMENT PRINTING OFFICE

DIVISION OF PUBLIC DOCUMENTS

WASHINGTON, D.C.

20402

OFFICIAL BUSINESS

First Cliss Mull

WEEKLY SUPPLEMENT

OF CURRENT
Digitized forSURVEY
FRASER


BUSINESS