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SURVEY OF CURRENT BUSINESS

APRIL 1967 / VOLUME 47 NUMBER

CONTENTS

THE BUSINESS SITUATION

First Quarter 1967 GNP 1

March Developments 3

Price Developments 4

National Income and Product Tables 6

ARTICLES

State Personal Income in 1966 9

Revised Estimates of GNP by Major Industries 18

CURRENT BUSINESS STATISTICS

General S1-S24

Industry S24-S40

Subject Index (Inside Back Cover)

U.S. Department of Commerce

Alexander B. Trowbridge / ActingSecretary

William H. Shaw / Assistant Secretaryfor Economic Affairs

Office of Business Economics

George Jaszi / Director

Morris R. Goldman Louis J. ParadisoAssociate Directors

Murray F. Foss / Editor

Leo V. Barry, Jr. / Statistics Editor

Billy Jo Hurley / Graphics

STAFF CONTRIBUTORS TO THIS ISSUEBusiness Review and Features:

Leo BernsteinDavid R. Hull, Jr.

Articles;

Robert E, Graham, Jr.Jack J. Gottsegen

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BUSINESS SITUATION

J.HE Nation's output of goods andservices, measured in current dollars,rose little in the opening quarter of1967 as a severe cutback in inventoryinvestment offset to a considerableextent a sizable advance in final sales.According to preliminary estimates,gross national product reached a season-

ally adjusted annual rate of $764billion in the first quarter, up $5 billionor two-thirds of 1 percent from lastyear's fourth quarter. Rising pricesaccounted for the entire increase, andthe physical volume of production(GNP in constant dollars) was un-changed from the fourth quarter. It

CHART 1

The rise in GNP slowed in the first quarter 1967as a large reduction in inventory accumulation offset asubstantial advance in final sales

725 —

700 —

675 —

650 —

625 —

600 —

575

1964 1965 1966

Quarterly, Seasonally Adjusted at Annual Rates

1967

U.S. Department of Commerce, Office of Business Economics

was the first time since the opening-quarter of 1961 that real GNP hasfailed to advance.

The first quarter slowdown in GNPwas primarily a reaction to the morerapid growth in inventories than indemand last year, particularly in thefourth quarter. About half of the $14billion gain in GNP in the closingquarter of 1966 was accounted for bya rise in inventory investment, a goodpart of which was due to the un-expectedly sluggish pace of consumerpurchases of goods. Manufacturingand trade firms attempted to pare theirstocks by reducing their orders. Theresultant cutbacks in production earlythis year led to a reduction in the rateof inventory investment of approxi-mately $11 billion from the fourthquarter.

This large reduction in inventoryaccumulation was more than balanced,however, by a very sizable advance infinal sales (GNP less inventory invest-ment) of $16 billion, more than doublethe gain in the fourth quarter. Con-sumer spending, despite a sharp dropin auto buying, led the sales advancewith an increase of $8 billion. Pur-chases by both Federal and State andlocal governments continued to risesubstantially. Both business fixed in-vestment and residential constructionwere unchanged from the previousquarter. For the former, the quartermarked a leveling off after 5% years ofalmost continuous advance; for thelatter, it represented the end of a threequarter decline that was especiallysteep in the second half of 1966. Withexports rising more rapidly than imports,net exports of goods and services showedthe first gain in almost 2 years.

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The decline in auto production andsales in the first quarter was pronounced.Seasonally adjusted unit sales of newdomestically produced cars, which hadfallen slightly in the fourth quarter toan 8% million annual rate, fell to a 7%million rate in the first. With carproduction running considerably ahead

SURVEY OF CUREENT BUSINESS

of demand in the fourth quarter, a largebulge in dealer stocks developed. Autoproduction was sharply curtailed in thefirst quarter, a development that per-mitted dealers to trim inventories inthe face of lower sales. This cutback inautos was an important offset to therise in nonauto production, as may beseen in the table below.

PERSONAL INCOME in the first quarterrose $113/4 billion

CHART 2 Gross National Product and Gross AutoProduct

[Billions of dollars, seasonally adjusted at annual rates]

Billion $

20

10

20

10

I I Manufacturing

IB Other

With little rise in PERSONAL TAXES

DISPOSABLE INCOME advanced $10 1/2 billion

The gain in REAL DISPOSABLE INCOME wasbetter than in any 1966 quarter

10

-10ii in IV

1966Change From Previous Quarter

Seasonally Adjusted at Annual Rates


I

1967

nitTotal PAYROLLS increased $6 3/4 billion despite theleveling in MANUFACTURING

Gross national product.Final salesChange in inventories

Gross auto productFinal salesChange in inventories

Allother GNPFinal salesChange in inventories

1966Fourthquarter

759.3742.916.4

29.428.8

.6

729.9714.115.8

1967First

quarter »

764.3758.8

5.5

24.725.8

-1.1

739.6733.0

6.6

Change *

5.015.9

-10.9

-4.7-3.0-1.7

9.718.9

-9.2

* Preliminary.

It should be noted that the firstquarter figures are based on prelimi-nary and incomplete data and are sub-ject to revision next month. In par-ticular, the estimate of the inventorycomponent of GNP is based on 2months' information only, with Feb-ruary data still preliminary. The re-vised first quarter estimates of inven-tory change and GNP that will bepublished next month may differ sig-nificantly from those presented here.

Price rise continuesThe overall level of prices, as meas-

ured by the implicit GNP deflator,rose about as much in the first quarteras in the fourth. The deflator for con-sumer expenditures rose at about halfthe fourth quarter rate, but the de-flator for State and local governmentpurchases showed a sharp acceleration.Prices of fixed investment goods con-tinued to rise at the same high rate asin the fourth quarter. The slower risein consumer prices reflected the firstquarterly price decline in 6 years fortotal consumer goods and a contin-uation of the rapid increase in prices ofconsumer services.

Strong rise in personal income

The slower rate of output expansionin the first quarter did not have much

April 1967

effect on personal income, which rose toan annual rate of $610 billion for anincrease of $11% billion (chart 2). Thisgain was only $1% billion below thefourth quarter advance and exceededthe average quarterly increase in 1966.Continuing gains in employment andhigher pay rates offset a sharp drop inaverage weekly hours and enabled wagesand salaries to rise $6% billion, as com-pared with an average $8K billion quar-terly gain last year. Most of the slow-down in payrolls that did occur was feltin manufacturing, where wages andsalaries showed only a very slight gainafter increasing $3 billion per quarterlast year. Transfer payments rose $3%billion, about the same as in the fourthquarter. Farm proprietors' income con-tinued to slip as farm prices again de-clined, while dividends increased some-what after decreasing in late 1966;other types of income continued to risein line with recent quarters.

Preliminary estimates of first quarterprofits will not be available until nextmonth. However, with current dollarGNP up only $5 billion, the incomedata that are available suggest thatmuch of the GNP slowdown in the firstquarter was at the expense of profits.

Almost all of the increase in personalincome in the first quarter was carriedinto disposable income since personaltaxes rose only $1% billion, much lessthan in any quarter last year. Thesmall increase in taxes reflected bothsmaller final settlements on 1966 lia-bilities—a result of the graduatedwithholding system initiated last May—and the somewhat slower increase inwages and salaries. Disposable incomerose $10% billion, or 2 percent, and withconsumer prices rising little, real dis-posable income increased 1% percent.The first quarter gain in currentdollar disposable income exceeded theaverage quarterly rise in 1966; interms of real disposable income, themargin of gain over 1966 was evensharper.

Consumer demand: strong except forautos

Personal consumption expenditurespicked up very briskly in the firstquarter with an advance of $8 billion,


April 1967 SURVEY OF CURRENT BUSINESS

after a gain of only $4}£ billion in theprevious quarter. The large first quar-ter increase occurred despite a $2%billion decline in auto buying asconsumers raised their expenditureson nondurable goods by $5% billion,on services by $4 billion, and onnonauto durable goods by $% billion.

The increase in expenditures on non-durable goods in the first quarterseemed to represent a correction of themarked slowdown that occurred in thefourth. Why consumer spending onnondurables weakened in late 1966 isstill not clear; it may have been theresult of unusually bad weather, thescattered consumer boycotts at foodstores, or consumer resistance to highprices. In any case, consumers steppedup their purchases in all major cate-gories early this year, especially in foodand clothing.

Government purchases up

Government purchases of goods andservices advanced $7 billion in the firstquarter with increases of $4% billionin Federal purchases and $2% billionin State and local government purchases.

Continuing increases in deliveriesof military equipment and higher per-sonnel costs boosted national defenseoutlays by $3% billion. Defense spend-ing has risen now for 2 full years underthe influence of the war in Vietnam.During this period, from the firstquarter of 1965 to the quarter justended, defense purchases advancedfrom an annual rate of $48% billion to$68% billion, an increase of 43 percent.

Other Federal purchases rose $1%billion, mainly because of .an increasein agricultural purchases by the Com-modity Credit Corporation. This wasa turnaround from the previous quarter,when these outlays dropped by $%billion. The increase in State andlocal government purchases was thelargest on record and reflected an un-usually large increase in payrolls alongwith a further expansion in spendingfor schools.

Fixed investment little changed

At an annual rate of $81% billion,business fixed investment was un-changed in the first quarter. The

tapering in profits, the decrease incapacity utilization, and the suspensionof the investment tax credit all con-tributed to the leveling in businessspending.

With the easing in credit markets latelast year, housing starts reversed theirsharp decline of 1966 and brought abouta stabilization of residential construc-tion outlays in the first quarter of 1967.Housing starts increased about 40 per-cent from the low point in October 1966to March 1967, after seasonal ad-justment; this rise has not been fullyreflected in the expenditure figuresbecause of the time lag between startsand outlays. With the continued im-provement in credit conditions sincelast fall, prospects for further increasesin housing appear good.

March Developments

If the first quarter as a whole lookedsomewhat weak, the March indicatorsgave little evidence of a deterioratingsituation; on the contrary, some of theimportant statistics for March sug-gested otherwise. Perhaps the mostnoteworthy development was in retailtrade, which, according to advancereports, showed a substantial increasefrom February to March as a result ofwidespread gains by line of business.Moreover, industrial production rose alittle in March after 2 months of decline.The rise in employment was quite small,but weekly hours, which had fallensharply the month before, picked upslightly, and with wage rates higher,payrolls registered a larger increase thanthe small February advance. All told,in the closing month of the quarter, itappeared fairly likely that the sluggishpace of manufacturing activity was stilllimiting the rise in aggregate outputbut that total final sales were movingahead at a good clip.

During March and early April, theadministration and the monetary au-thorities took a number of actions of astimulative nature. Early in March,the President requested Congress torestore the investment tax credit andthe provisions for accelerated deprecia-

tion that had been revoked last fall aspart of the program to curb aggregatedemand. On April 6, the Federal Re-serve reduced the discount rate from4% to 4 percent. At about the sametime, the administration announced therelease of $1 billion in highway fundsthat had been held up last fall as ananti-inflation measure.

Personal income higher in MarchDespite the slowdown in production,

personal income has continued to moveahead at a fairly good pace. In March,total income rose $3.4 billion to reacha seasonally adjusted annual rate of$613 billion. The March increase waswell above the $2% billion gain inFebruary but somewhat less than theaverage monthly increase from 1965to 1966.

Wages and salaries, which had risenonly $% billion from January toFebruary, advanced $2.2 billion inMarch as manufacturing payrolls re-versed their dip and other payrollscontinued to rise. Property incomerose about in line with the gains inrecent months, but farm income con-tinued to slide as a result of lower farmprices. Transfer payments rose about$0.7 billion, about half as much as therevised February figure, which wasbolstered by the advance payment ofGI life insurance dividends. Thesedividends were still substantial inMarch but were below the Februaryrate.

Employment in nonfarin establish-ments in March showed little improve-ment over February as gains in servicesand government were largely offset byreductions in construction, manufac-turing, and trade. According to pre-liminary data, 23,000 persons wereadded to payrolls in March after an80,000 increase in February and anaverage monthly rise of 300,000 fromSeptember through January. Marchwas the second successive month ofdecline in manufacturing, but the reduc-tion was much smaller than the monthbefore (35,000 vs. 80,000 in February);moreover, hours of work improvedslightly over a wide range of industriesafter sizable decreases in February.

The somewhat drab performance ofemployment in February and March


has apparently had little effect onunemployment so far, mainly becausethere have been large withdrawalsfrom the labor force. The unemploy-ment rate in March was 3.6 percent,about the same as the average of 3.7percent in the preceding 3 months.Since early 1966, the rate has fluctuatedin the relatively narrow range of3.5-3.9 percent.

Industrial production up

Industrial production edged upwardin March after declining in the previous2 months. Both durable and non-durable goods industries showed smallgains. In durable goods, fairly sub-stantial increases in output of motorvehicles and parts, aircraft and equip-

SURVEY OF CURRENT BUSINESS

ment, and instruments and relatedproducts offset small declines in otherindustries.

Although domestic passenger carsales in March were slightly above theFebruary level, auto production pickedup sharply from the relatively lowFebruary volume, which was held downin part by winter storms and a workstoppage. The increase in assemblies,after seasonal adjustment, amounted tonearly 15 percent. Present automobileproduction schedules call for about660,000 units in April and nearly 2.1million for the April-June period; theseprojections suggest a further sizablerise in output from March to April andfor the quarter as a whole, after seasonaladjustment.

April 1967

Prices in most of the broad com-modity groups in the industrial priceindex advanced from the fourth to thefirst quarter. Most important werethose showing an acceleration of upward

WHOLESALE PRICES—First quarter stability reflects• Further decline in agricultural commodity prices• Continued uptrend in prices of

industrial commodities1957-59 = 100no

All Commodities

100

120

Processed Foods & Feeds

100

90 i n i i I

Price DevelopmentsWHOLESALE and consumer prices

have been comparatively stable in recentmonths, in contrast to the rising tend-ency in 1966. From the fourth quarterof 1966 to the first quarter of this year,the overall index of wholesale priceswas virtually unchanged and was some-what under its mid-1966 peak. Con-sumer prices rose only slightly thisJanuary and February after a strongand sustained advance throughout thefirst three quarters of last year and amodest advance in the final quarter.At wholesale, the recent stability of theoverall index reflects a downturn in theprices of farm commodities and foodsand an offsetting rise in the prices ofindustrial commodities. At retail, lower-prices for food and durable goods haveoffset a good part of the rise in theprices of other nondurables and services.

Industrial prices still rising

The index of wholesale industrialcommodity prices, which rose relatively

little from July through December of1966, increased more rapidly in the firstquarter of 1967. According to pre-liminary data, industrial prices rose 0.6percent from the fourth to the firstquarter. This was well above the 0.2percent rise in the fourth quarter andabout the same as the average quarterlyincrease in the first three quarters of1966.

The recent price increases in the in-dustrial sector probably reflect thedesire of producers to moderate anyreduction in profit margins due torising costs. Although manufacturingoutput fell about IK percent from thefourth to the first quarter, payrolls roseduring this period so that unit laborcosts were up considerably. Someweakness in the prices of industrialcrude materials has accompanied theslowdown in industrial activity, butthis has been more than offset by higherquotations on finished commodities.

no

100

Industrial Commodities

1964 1965 1966 1967

CONSUMER PRICES-Advance slows in early 1967 as* Food prices edge down; nonfood commodity

prices change little from fourth quarter® Rise in services continues

All Items

120

Food Total

130

120

Services



April 1967 SUKVEY OF CURRENT BUSINESS

trends—metal and chemicals—andthose that declined in the fourth quarterand either leveled out or advanced inthe first—hides and leather products,textiles and apparel, rubber, and lum-ber. For some groups—machinery andfurniture—price increases slowed downas compared with the fourth quarter.

For the quarter as a whole, the risein metals prices showed some acceler-ation as a result of higher quotationsfor finished steel products and primarycopper. On the average, the declinein metal scrap prices continued, and atthe end of the quarter, major fabricatorsannounced price cuts for a wide rangeof brass mill products.

Hide and skin prices, which droppedsharply in the second half of last yearas world supplies improved, easedfurther in early 1967, but footwearprices continued to advance and pricesof other leather products edged upslightly. There were also contrastingmovements between raw materials andfinished goods prices for other importantgroups of nondurable goods. For ex-ample, rubber prices rose substantiallyin the first quarter as a rise in prices oftires and tubes offset a decline in cruderubber. Apparel prices rose further inthe early months of 1967, approximatelyoffsetting price decreases for cottonand synthetic textiles.

The slower rise in spending for newplant and equipment has apparentlyeased the upward pressure on machineryprices. In the first quarter, machineryand equipment prices nearly stabilizedafter showing sizable gains throughoutlast year. Almost all components ofthe machinery price index have in-

creased less rapidly in early 1967.Household furniture prices were upfurther in the early months of 1967,but these increases were about offsetin the group index by declines inappliance and household electronicequipment prices.

Farm and food prices lower

The decline in wholesale prices offarm products, processed foods, andfeeds extended into March. Prices offarm products in the first quarter were1.5 percent below the fourth quarter1966 average, which in turn was nearly5 percent under the third quarter peak;wholesale food and feed prices haveshown somewhat smaller quarterly de-clines. Almost all components of theindexes have retreated from their earlierhighs, with the largest decreases inlivestock and grain prices. Meat andpoultry supplies have enlarged sub-stantially, and speculative buying ofgrains has subsided.

Dairy product prices have eased inrecent months as milk production hasincreased. Prices received by dairyfarmers for milk dropped more sharplyin the first quarter than the wholesaleand retail prices but were still con-siderably above the year-earlier level.

Consumer food prices, which did notrise as rapidly as wholesale food pricesin 1965 and 1966, edged off in last year'sfourth quarter and decreased further inJanuary and February. The 2% per-cent reduction in prices at grocerystores from the August peak throughFebruary was greater than the \% per-cent decline in the overall food index

because of an increase in the cost ofrestaurant meals. Meat prices weredown substantially, but prices for mostother types of retail foods were only alittle below their earlier highs. Citrusfruit prices, however, were sharplylower, reflecting the very large cropthis season.

Consumer price rise slows

Although the consumer price indexreached a record 114.8 percent of the1957-59 average in February, monthlyincreases have not exceeded 0.1 percentin any of the past 4 months. Divergenttrends have been evident in nonfoodcommodity prices in recent months.Prices of durable goods as a group haveeased as prices of new and used carshave declined, and the average prices ofhousehold durables have changed little.The deterioration in consumer demandfor durable goods has intensified pricecompetition, leading to widespread re-ductions in prices of television sets andto a cut in the list price of one series ofdomestically produced automobiles. Incontrast, prices of nondurables, espe-cially apparel, have risen.

Consumer service prices are stilladvancing at last year's acceleratedpace. Increases in medical serviceprices continue to be unusually large—an annual rate of almost 10 percent inthe first 2 months of 1967—while in-creases in the prices of householdservices have slowed only slightlydespite some easing of mortgage in-terest rates. Rents have been ad-vancing more rapidly as a result oflower vacancy rates and a rise in costs.


6 SURVEY OF CURRENT BUSINESS

NATIONAL INCOME AND PRODUCT TABLES

April 1967

1964 1965 1966

1965

IV

1966

I II III IV

1967

I P

Seasonally adjusted at annual rates

Billions of current dollars

1964 1965 1966

1965

IV

1966

I II III IV

1967

I p


Billions of 1958 dollars

Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)

Gross national product- _ _ _ _ _ _ _ _ _ _ _

Personal consumption expenditures. _ _

Durable goods__ _Nondurable goods __Services

Gross private domestic investment - _ _

Fixed investmentNonresidential

Structures _Producers' durable equipment

Residential structuresNonfarm_. _ _ _ _ _ _Farm

Change in business inventoriesNonfarmFarm

Net exports of goods and servicesExportsImports

Government purchases of goods and servicesFederal

National defenseOther

State and local

Addendum: Implicit price deflator for seasonallyadjusted GNP 1958-100

631.7

401.4

59.4178.9163.1

93.0

88 360.721.039 727.627.0

.64.75 3

—.6

8.537.028.5

128.965 250 015.263.7

108 9

681.2

431.5

66.1190.6174.8

106.6

97 569.724.944 827.827.2

69.18 1

9

7.039 032.0

136.266 850 116.769.4

110 9

739.6

464.9

69.3206.2189.4

117.0

105 179.327.851 425.825.3

611.912 2— 3

4.842 737.9

153.076 960 016 976.2

114 2

704.4

445.2

68.0197.0180.2

111.9

101 573.926.847.127.627.0

.510.49 01.4

6.140.334.2

141.269 852 517.371.4

111 6

721.2

455.6

70.3201.9183.4

114.5

105 677.028.548.528.628.0

.58.98 5.5

6.041.735.6

145.071 954 617.473.1

112 6

732.3

460.1

67.1205.6187 4

118.5

106 278 227.950 328.027.4

612 312 1

2

4.741 937 3

149.074 057 116 975.0

113 8

745.3

469 9

70 2208 1191 5

115.0

105 180 327 752 624 824 3

69 9

10 45

4.243 439 2

156.279 062 017 077 2

114 7

759.3

474.1

69.6209.2195 3

120.0

103 581.627.354 421 921.3

616 417 6

— 1 2

4.143 639.5

161.181 765 516.279.4

115 5

764.3

482.2

68.1214.7199.3

109.0

103 581.628.752 921.921.3

.65.55 8

— .3

4.945.140.2

168.286 268 817.482.0

116 3

580.0

373.8

59.1170.5144.2

86.5

81.957.418.938.524.624.0

.54.65 2

—.6

8.536.428.0

111.357 8

53.4

614.4

396.2

66.4178.2151.6

97.8

89.064.921.743.224.123.6

.58.88 0.9

6.337.331.0

114.157 8

56.3

647.8

415.5

70.7186.0158.7

104.7

93.672.123.448.721.521.0

.511.111 4—.3

4.741.136.4

123.264 0

59.1

631.2

406.5

69.2182.5154.8

102.2

91.968.423.245.223.523.0

.510.28.91.3

6.038.732.8

116.659.3

57.3

640.5

412.8

72.2184.1156.5

103.5

95.070.824.346.424.323.8

.58.58.0.4

5.940.134.2

118.360.4

57.9

643.5

412.2

68.5185.8157.9

106.3

94 771.323.647.723.422.9

.511.611.4

.2

4.640.335.8

120.461.9

58.5

649.9

418.3

71 6187. 1159 6

102.5

93 573 023.249 820 520.0

59 19 6

— 5

4.241 837.6

124.965 5

59.4

657.2

418.5

70.6187.1160.8

106.4

91.273.322.750.717.917.4

.515.216.4

-1.2

4.142.037.9

128.367.6

60.7

657.2

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)

Gross national product _ -

Final salesChange in business inventories

Goods output

Final salesChange in business inventories

Durable goodsFinal salesChange in business inventories

Nondurable goodsFinal salesChange in business inventories

Services.

Structures

Addendum: Gross auto product

631.7

627 04 7

318 2

313 64 7

125 5122 2

3 3

192 7191 3

1 4

244 5

68 9

25 8

681.2

672 19 1

344 7

335 79 1

138 5132 2

6 3

206 3203 5

2 7

262 0

74 5

31 4

739.6

727 711.9

377.2

365 311.9

154 9145 9

9 0

222 4219 5

2 9

285.9

76 6

29.4

704.4

694 010 4

358 8

348 410 4

142 6137 9

4 7

216 2210 5

5 7

268 8

76 9

30 5

721.2

712 38 9

366 0

357 08 9

147 6141 8

5 8

218 4215 2

31

275 5

79 §

31 5

732.3

720 012 3

371 6

359 312 3

149 6140 6

9 0

222 0218 7

3 3

282 1

78 6

28 6

745.3

735 49 9

379 6

369 79 9

158 1148 7

9 5

221 4221 0

5

289 9

75 g

27 9

759.3

742 916.4

390.7

374 216.4

163 6151 711 9

227.1222 5

4 6

296.2

72 5

29.4

764.3

758.85.5

5.5

580.0

575 44.6

307.2

302 64! 6

123 1119 9

3 2

184 1182 7

1 4

211.2

61 7

25.4

614.4

605 68.8

328.5

319 7s's

135 5129 4

6 1

193 0190 3

2 7

221.1

64 8

31.4

647.8

636.711.1

351.5

340 411.1

150 8142 4

8.4

200.8198 0

2.7

232.4

64.1

29.9

631.2

621. 010.2

341.0

330 710^2

140 3135 7

4 7

200.6195 1

5.6

224.0

66.2

30.7

640.5

632.08.5

344.7

336 28.5

145 4139 9

5.5

199.4196 3

3.0

227.7

68.0

32.2

643.5

631.911.6

346.7

335 111.6

146 0137 6

8.4

200.8197.6

3.2

230.9

66.0

29.1

649.9

640.89. 1

352.8

343 79.1

153 7145 1

8.7

199.0198 6

.4

234.4

62 8

28.5

657.2

642.015.2

360. 9

345 715.2

157.4146.510.9

203.5199.2

4.3

236.6

59.8

29.7

657.2

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)

Gross national product

Private

BusinessNonfarmFarm

Households and institutionsRest of the world

General government

631 7

568 7

547 4527 020 417 34 0

63 0

681 2

613 4

590 8567 123 818 34 3

67 8

739.6

663 4

639 5614 724 819 54.4

76 2

704 4

633 8

611 2586 624 719 13 4

70 6

721 2

648 4

624 9599 3

25* 719 14 4

72 8

732 3

657 6

634 0609 025 019 14 5

74 7

745 3

667 7

643 5619 124 419 7

4 Q

77 g

759 3

679 4

655 3631 024 320 04 1

79 9

764.3 580 0

530 8

513 3491 222 013 63 9

49 2

614 4

563 5

545 4521 723 814 04 1

50 9

647.8

593.6

574 9552 322 614 44.3

54 2

631.2

579. 4

561 6537 524 114 53.3

51.8

640.5

588.0

569 4546 423 014.34.3

52.5

643.5

589.9

571 4548 422 914.24.3

53.6

649.9

595.1

576 2554 521 714.54.4

54.8

657.2

601.5

582.8560.122.814.64.0

55.8

657.2

p Preliminary.


April 1967 SURVEY OF CURRENT BUSINESS

1964 1965 1966

1965

IV

1966

I II III IV

1967

I v


[Billions of dollars]

Table 4.—Relation of Gross National Product, National Income,and Personal Income (1.9)

Cross national product

Less: Capital consumptionallowances

Equals : Net national product . . .

Less: Indirect business taxand nontax liability

Business transfer pay-ments

Statistical discrepancy

Plus: Subsidies less currentsurplus of governmententerprises

Equals: National income _ _

Less: Corporate profits andinventory valuationadjustment

Contributions for socialinsurance

Wage accruals less dis-bursements __ _ _

Plus: Government transferpayments to persons

Interest paid by govern-ment (net) and byconsumers _.

DividendsBusiness transfer pay-

ments _ _ _ _.

Equals: Personal income .

631.7

56.0

575.7

58.5

2.5-1.4

1.3

517.3

66.6

28.0

.0

34.2

19.117.3

2.5

496.0

681.2

59.6

621.6

62.7

2.6-1.6

1.0

559.0

74.2

29.2

.0

37.1

20.619.2

2.6

535.1

739.6

63.1

676.5

65.5

2.6

1.4

610.1

80.2

37.8

.0

41.9

22.820.9

2.6

580.4

704.4

60.8

643.6

63.6

2.6.4

.9

577.8

76.9

29.8

.0

37.9

21.020.2

2.6

552.8

721.2

61.6

659.7

63.0

2.6-.8

.8

595.7

80.0

36.5

.0

40.0

21.920.9

2.6

564.6

732.3

62.7

669.6

64.7

2.6—.9

.9

604.1

79.9

37.0

.0

40.1

22.521.1

2.6

573.5

745.3

63.7

681.6

66.3

2.6.4

1.5

613.8

79.1

38.5

.0

42.3

23.021.1

2.6

585.2

759.3

64.6

694.7

68.1

2.6-.4

2.2

626.7

81.7

39.3

.0

45.3

23.820.7

2.6

598.3

764.3

65.6

698.8

68.6

2.6

2.2

41.5

.0

48.6

24.421.5

2.6

610.1

Table 5.—Gross Corporate Product1 (1.14)

Gross corporate product. ..

Capital consumption allow-ances _

Indirect business taxes plustransfer payments less sub-sidies

Income originating in corporatebusiness

Compensation of employees. .Wages and salariesSupplements.. _. _

Net interest

Corporate profits and in-ventory valuation adjust-ment

Profits before taxProfits tax liabilityProfits after tax _

DividendsUndistributed profits. ._

Inventory valuation ad-justment

Gross product originatingin financial institutions..

Gross product originatingin nonfinancial corpora-tions. ..

Capital consumption allow-ances.

Indirect business taxes plustransfer payments less sub-sidies

Income originating in non-financial corporations. _

Compensation of employees . _Wages and salariesSupplements

Net interest .Corporate profits and in-

ventory valuation adjust-ment.

Profits before tax .Profits tax liabilityProfits after tax

Dividends.. _Undistributed profits ...

. Inventory valuation ad-justment

Addenda:Cash flow, gross of dividends:

All corporationsNonfinancial corporations

Cash flow, net of dividends:All corporationsNonfinancial corporations

360.9

33.9

34 8

292. 3

231.4208.522.9

—2.7

63.664.028.435.616.019.6

— .4

15.6

345 3

32.9

33 3

279.0218.7197.321 45 2

55 255.624.331.314.616.8

— . 4

69.564.3

53 549.7

391.2

36.3

37 4

317 5

249.0224.124.8

—2 5

71.072.531.241.317.723.6

— 1 5

16.5

374 6

35 3

35 8

303.5235.5212.323 25 9

62 163 627.536 116.219.9

— 1.5

77.671.4

59 955.2

425.9

38.8

38 9

348.2

273.8244 129.7

—2 5

76.979.033.945.119 425.7

— 2 1

18.2

407.7

37 8

37 3

332.7259.3231.527 86 5

66 969.029.839 317 821.5

—2 1

83 877.0

64 5en 9oy. £i

403.9

37.2

37 9

328 8

256.8231.225.7

—2 4

74.476.232.443.719.024.7

— 1 8

17.2

386 7

36 3

36 3

314.1243.0219.024 06 3

64 966 728.538 217 520.7

— 1 8

80 974.4

61 957.0

415.2

37.7

37.3

340.1

265.9237.228.7

—2.4

76.779.534.145.419.426.0

— 2 8

17.5

397.7

36 8

35 7

325 2251.6224.826 86 3

67 370.130.239 917.722.2

— 2 8

83 176.7

63 758.9

422.0

38.5

38 5

345.0

271.1241 829.3

-2.5

76.479.334.145.219 525.7

—2 9

18.0

404.0

37 5

36 9

329.7256.6229.1

27 46 5

66 669 530.039 518 021.5

—2 9

83 776.9

64 9

59.0

428.1

39.1

39.4

349.7

276.5246.430.0

-2.5

75.778.533.744.719.525.2

-2.8

18.3

409.8

38.1

37.7

334. 0261.8233.728.16.6

65 668 329.538 817 920.9

-2.8

83 878.9

64 359.0

438.2

39.7

40.5

357.9

281.8251.030.7-2.5

78.778.733.745.119.225.9

.0

18.3

419.3

38.7

38.8

341.8267.0238.228.86.7

68.268.229.338.917.421.4

.0

84 877.6

65 660.1

40.3

40.8

285.9254.032.0

-2.6

-.0

39.3

39.1

270.8240.929.96.7

-.6

-----

1964 1965 1966

1965

IV

1966

II III IV

1967

I P



Table 6.—National Income by Type of Income (1.10)

National income _ _

Compensation of employees

Wages and salaries

PrivateMilitaryGovernment civilian

Supplements to wages andsalaries

Employer contributions forsocial insurance

Other labor incomeEmployer contributions

to private pension andwelfare funds. _ _ _

Other

Proprietors' income

Business and professionalIncome of unincorporated

enterprisesInventory valuation adjust-

ment

Farm _. _

Rental income of persons .

Corporate profits and inventoryvaluation adjustment .

Profits before tax

Profits tax liabilityProfits after tax .. _

DividendsUndistributed profits

Inventory valuation adjust-ment

Net interest

517.3

365.7

333.6

269.311.752.6

32.0

15.4

16.6

13.73.0

51.9

39.9

39.9

.0

12.0

17.7

66.6

67.0

28.438.717.321 3

-.4

15.5

559.0

392.9

358.4

289.112.157.1

34.5

16.0

18.5

15.43.1

55.7

40.7

41.0

-.4

15.1

18.3

74.2

75.7

31.244.519.225 3

-1.5

17.8

610.1

433.3

392.3

314 814.662.8

41.0

20 2

20.8

57.8

41.8

42.2

— 4

16.0

18.9

80.2

82.3

33.948.420 927 4

-2.1

20.0

577.8

406.5

370.8

298.513.059.3

35.7

16.3

19.4

57.1

41.1

16.0

18.5

76.9

78.7

32.446.320.226.1

-1.8

18.7

595.7

419.6

380.0

305.913.660.4

39.6

19.6

20.0

58.4

41.4

17.0

18.7

80.0

82.7

34.148.720.927.8

-2.8

19.1

604.1

427.9

387 4

311 514.161.8

40.5

19.9

20.6

57.9

41.6

16.3

18.8

79.9

82.8

34.148 721.127 6

—2 9

19.6

613.8

438.3

396.7

318 015.063.7

41.5

20 4

21.1

57.3

41.9

15.4

18 9

79.1

81 9

33 748.221 127 i

-2.8

20.2

626.7

447.5

405 0

323 915 865.2

42.5

20 8

21 7

57.5

42.3

15.2

19.1

81.7

81.8

33.748.120 727 4

.0

21.0

456.1

411.8

328 316.367.1

44.3

21 8

22.5

57.4

42.6

14.8

19.3

21.5

-.6

21.6

Table 7.—National Income by Industry Division (1.11)

All industries, total

Agriculture, forestry, andf i s h e r i e s _ _

Mining and constructionManufacturing _ _ _ _

Nondurable goodsDurable goods

TransportationCommunication _ . .Electric, gas, and sanitary

servicesWholesale and retail trade

Finance, insurance, and realestate

ServicesGovernment and government

enterprisesRest of the world

517.3

17.732.4

155.161.593.6

21.410.5

11.179.1

57.158.9

70.04.0

559.0

21.034.8

170.465.6

104.8

22.911.2

11.683.6

61.063.0

75.24 3

610.1

22.237.7

188.571.4

117.1

24 812.2

12.489.3

65.563.8

84.44 4

577.8

22.135.9

176.567.5

108.9

23.711.6

11.985.9

62.965.3

78.53.4

595.7

23.237.1

184.469.8

114.7

24.111.7

11.988.0

63.766.4

80.74.4

604.1

22.637.5

186.771.0

115.7

24.712.1

12.288.4

65.067.6

82.74 5

613.8

21.637 9

188.671 5

117 1

24 712.5

12.789.6

66.069.8

85.84 6

626.7

21.538.1

194.273.2

121.0

25.612.5

12.791.1

67.371.4

88.24.1

Table 8.—Corporate Profits (Before Tax) and Inventory ValuationAdjustment by Broad Industry Groups (6.12)

All industries, total

Financial institutions _ _

MutualStock

Nonfinancial corporations

Manufacturing. .Nondurable goodsDurable goods

Transportation, communica-tion, and public utilities

All other industries

66.6

8.4

1.76.7

58.2

32.414.517.9

10.415.4

74.2

8.9

1 87.1

65.3

37.815.722.1

11.116.4

80.2

10.0

70.2

41.017.323.8

11.917.2

76.9

9.5

67.5

39.616.423.2

11.516.4

80.0

9.4

70.6

41.917.224.7

11.317.4

79.9

9.8

70.0

40.617.223.4

12.017.4

79.1

10.1

69.0

39.517.022.5

12.217.2

81.7

10.5

71.2

42.017.624.4

12.117.0

1. Excludes gross product originating in the rest of the world.p Preliminary.


8 SUKVEY OF CUERENT BUSINESS April 1967

1964 1965 1966

1965

IV

1966

I II III IV

1967

I P



1964 1965 1966

1965

IV

1966

I II III IV

1967

I p



Table 9.—Personal Income and Its Disposition (2.1) Table 12.—Federal Government Receipts and Expenditures (3.1,3.2)

Personal income

Wage and salary disburse-ments

Commodity-producingindustries __1V£ anuf acturing

Distributive industriesService industriesGovernment

Other labor income

Proprietors' incomeBusiness and professional. _ _Farm

Rental income of personsDividends .

Personal interest income

Transfer paymentsOld-age and survivors

insurance benefitsState unemployment

insiiTftnpo benefit''Veterans benefitsOther ..

Less : Personal contributionsfor social insurance - -

Less: Personal tax and nontaxpayments

Equals: Disposable personalincome- _ _

Less : Personal outlays

Personal consumptionexpenditures

Interest paid by con-sumers

Personal transfer pay-ments to foreigners

Equals : Personal saving _ _ _ .

Addendum: Disposable per-sonal income in constant(1958) dollars

496.0

333.6

134.0107.281.254.164.3

16.6

51.939.912.0

17.717.3

34.6

36.8

16.0

2.65.3

12.9

12.5

59.4

436.6

412.1

401.4

10.1

.6

24.5

406.5

535.1

358.4

144.3115.586.758.169.2

18.5

55.740.715.1

18.319.2

38.4

39.7

18.1

2.25.6

13.8

13.2

66.0

469.1

443.4

431.5

11.3

.6

25.7

430.8

580.4

392.3

158.2127.293.263.577.4

20.8

57.841.816.0

18.920.9

42.8

44.6

21.0

1.86.1

15.7

17.6

75.1

505.3

478.3

464.9

12.7

.6

27.0

451.6

552.8

370.8

148.9119.289.160.572.3

19.4

57.141.116.0

18.520.2

39.7

40.5

18.6

2.05.8

14.1

13.5

66.7

486.1

457.6

445.2

11.8

.6

28.5

443.9

564.6

380.0

153.8123.090.861.374.1

20.0

58.441.417.0

18.720.9

41.0

42.6

19.5

2.05.9

15.2

16.9

69.5

495.1

468.4

455.6

12.1

.6

26.7

448.4

573.5

387.4

157.0126.092.162.575.9

20.6

57.941.616.3

18.821.1

42.1

42.8

19.7

1.66.0

15.4

17.1

73.6

499.9

473.3

460.1

12.5

.7

26.6

447.9

585.2

396. 7

159.6128.693.964.478.8

21.1

57.341.915.4

18.921.1

43.2

44.9

21.2

1.86.1

15.8

18.1

77.4

507.8

483. 3

469.9

12.8

.7

24.5

452.2

598.3

405.0

162.3131.295.865.881.0

21.7

57.542.315.2

19.120.7

44.8

48.0

23.5

1.86.3

16.4

18.4

79.8

518.4

488.0

474.1

13.2

.6

30.4

457.6

610. 1 Federal Government receipts .

Personal tax and nontax re-411.8 ceipts

Corporate profits tax accruals .163. 4 Indirect business tax and non-131. 6 tax accruals . .97. 7 Contributions for social insur-67 2 ance83.5

Federal Government expendi-22 5 tures

57. 4 Purchases of goods and serv-42.6 ices _ - _ _14.8

National defense19.3 Other21.5

Transfer payments _ -46.0 To persons

To foreigners (net)51.2

Grants-in-aid to State and24 6 local governments

2.1 Net interest paid. _ _ .6.5

18. 0 Subsidies less current surplusof government enterprises _ .

19. 7 Surplus or deficit (-),national income andproduct accounts _ _

81.2

115.1

48.626.5

16.2

23.9

118.1

65.2

50.015.2

29.927.82.2

10.4

8.3

4.2

-3.0

124.9

54.229.1

16.8

24.8

123.4

66.8

50.116.7

32.430.32.2

11.2

8.7

4.2

1.6

142.5

61.931.7

15.9

33.0

142.2

76.9

60.016.9

36.534.22.3

14.5

9.6

4.7

.3

126.9

54.730.3

16.7

25.2

127.0

69.8

52.517.3

32.830.81.9

11.6

8.8

4.1

-.2

136.0

57.131.9

15.2

31.7

133.7

71.9

54.617.4

35.432.62.8

13.0

9.3

4.1

2.3

141.0

60.731.9

16.1

32.2

137.1

74.0

57.116.9

34.832.62.2

14.6

9.5

4.2

3.8

145. 3

63.9SI. 6

16.2

33.6

145.8

79.0

62.017.0

36.934.52.4

15.3

9.7

4.8

-.5

147.9

65.731.4

16.4

34.3

151.5

81.7

65.516.2

39.137.22.0

15.0

10.0

5.6

-3.6

66.6

16.4

36.4

158.7

86.2

68.817.4

42.240.12.1

14.5

10.2

5.6

528 9 Table 13.— State and Local Government Receipts and Expenditures

49,4 <3'3' 3'4>

State and local government482. 2 receipts

13. 6 Personal tax and nontaxreceipts - _ . _ __

. 6 Corporate profits tax accruals.

32. 5 Indirect business tax andnontax accruals

Contributions for socialinsurance

465.2Federal grants-in-aid .

69.6

10.81.9

42.3

4.1

10.4

75.3

11.82.0

45.8

4.5

11.2

84.3

13.22.2

49.5

4.8

14.5

77.3

12.12.1

47.0

4.6

11.6

80.1

12.42.2

47.8

4.7

13.0

83.2

12.92.2

48.7

4.8

14.6

85.9

13.52.2

50.0

4.9

15.3

88.0

14.12.2

51.6

5.0

15.0

14.6

52.2

5.1

14.5

Table 10.—Personal Consumption Expenditures by Major Type (2.3)

Personal consumptionexpenditures

Durable goods..

Automobiles and partsFurniture and household

equipmentOther

Nondurable goods

Food and beveragesClothing and shoes - -Gasoline and oilOther

Services _ _

Housing __Household operationTransportationOther... _.

401.4

59.4

25.8

25.18 5

178.9

92.833.614.138 4

163.1

59.224.311 867.8

431.5

66.1

29.8

27.19 1

190 6

98.435.915.141 1

174.8

63.225.612 873 3

464.9

69.3

30.0

30.19.3

206.2

104.840.316.145 0

189.4

67.727.214 080 5

445.2

68.0

29.9

28.89 3

197.0

101.637.515.742 3

180.2

64.726.313 475 8

455.6

70.3

31.4

29.69 3

201 9

103 339.415 843 3

183.4

66 026.513 577 5

460.1

67.1

28.5

29 29 3

205.6

104 839.716 145 0

187.4

67 127 113 979 4

469.9

70.2

30.1

30.79.4

208.1

105.541.116.145.4

191.5

68.227.614.281.5

474.1

69.6

29.8

30.79.2

209.2

105.440.816.646 4

195.3

69.5• 27.7

14 583.5

482.2

68.1

27.6

31.19.4

214.7

107.442.617.147.6

199.3

70.627.814.986.0

Table 14.—Sources and Uses of Gross Saving (5.1)

Table 11.—Foreign Transactions in the National Income andProduct Accounts (4.1)

Receipts from foreigners

Exports of goods and services. __

Payments to foreigners

Imports of goods and services. _ _

Transfers to foreignersPersonalGovernment

Net foreign investment

37.0

37.0

37.0

28.5

2 8.6

2.2

5.7

39.0

39.0

39 0

32.0

2 86

2 2

4 2

42.7

42.7

42 7

37.9

2 96

2.3

1 8

40.3

40.3

40 3

34.2

2 56

1 9

3 5

41.7

41.7

41 7

35.6

3 46

2 8

2 6

41.9

41.9

41 9

37.3

2 97

2 2

1 8

43.4

43.4

43.4

39.2

3.1

2.4

1.1

43.6

43.6

43.6

39.5

2 6.6

2.0

1.5

45.1

45.1

45.1

40.2

2 7.6

2.1

2 2

Gross private saving

Personal savingUndistributed corporate

profits. _Corporate inventory valua-

tion adjustmentCorporate capital consump-

tion allowancesNoncorporate capital con-

sumption allowances ..Wage accruals less disburse-

ments

Government surplus or deficit(— ), national income andproduct accounts

Federal _ _ .State and local

Gross investment _ _ .

Gross private domesticinvestment

Net foreign investment

Statistical discrepancy. _ . _-

101.4

24 5

21.3

-.4

33 9

22.2

.0

-1.4

-3.01.7

98.7

93.05.7

-1.4

109.1

25 7

25.3

— 1.5

36 3

23.3

.0

3.2

1.61.6

110.7

106.64.2

-1.6

115.5

27.0

27.4

-2.1

38.8

24.4

.0

3.5

.33.2

118.8

117.01.8

-.2

113.6

28 5

26.1

-1.8

37.2

23.6

.0

1.4

-.21.6

115.4

111.93.5

.4

113.2

26 7

27.8

—2.8

37 7

23.8

.0

4.7

2.32.4

117.1

114.52.6

-.8

113.9

26 6

27.6

-2 9

38 5

24.2

.0

7.3

3.83.5

120.3

118. 51.8

-.9

112.5

24.5

27.1

-2.8

39.1

24.5

.0

3 3

-.53.8

116.1

115.01.1

.4

122.3

30.4

27.4

.0

39.7

24.9

.0

-.4

-3.63.3

121.5

120.01.5

-.4

32.5

-.6

40.3

25.3

.0

111.2

109.02.2

Preliminary.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

BY ROBERT E. GRAHAM, JR.

State Personal Income in 1966

1 ERSONAL INCOME rose in everyregion and in nearly every State in thefinal quarter of 1966, pushing thetotal for the full year to a record highin all States. For the country as awhole, the increase from 1965 to 1966was 8 percent; by State, the increasesranged from 2 to 13 percent.

Fourth quarter changes

The largest relative gains in incomefrom the third to the fourth quarter oflast year occurred in the Great Lakesand Plains regions, where the increasesamounted to more than 3 percent(see table A). With manufacturingpayrolls providing the major stimulusin the industrial Great Lakes area, allStates except Indiana scored gainsbetter than the national average;Illinois and Michigan achieved thelargest relative increases.

The income expansion in the PlainsStates reflected advances in agricultureas well as in manufacturing.. Sharpgains in manufacturing were the prin-cipal factor in Minnesota, Iowa, andMissouri; farm income added appre-ciably to the total income gain inIowa, and Federal military and civilianpayrolls contributed significantly inMissouri. In the other four PlainsStates, where increases in total incomewere somewhat smaller, advances infarm income played the principal role,aided by an increase in manufacturingin Kansas.

The substantial income rise in theRocky Mountain region centered in

Montana, Idaho, and Utah. In thefirst two States, the main impetus camefrom farm income, while in Utah, itcame from manufacturing; in all three-States, Federal civilian payrolls addedto the income flow. In Colorado,where income rose less than the regionalaverage, a dip in farm income and areduction in Federal civilian wagesapproximately matched the rise inmilitary payrolls.

There were substantial income gainsin Connecticut and the three northernNew England States, while Massachu-setts showed a small rise and RhodeIsland a slight decline. In Connecticut,all major sources contributed to theadvance, and in Maine, the rise centeredin manufacturing and agriculture. Inboth New Hampshire and Vermont,recreational activities pushed incomeup. Declines in factory payrolls werethe major factors in Massachusetts andRhode Island.

Income gains in the Southeast andSouthwest regions fell below the na-tional rate by small margins. In mostSoutheastern States, farm income andFederal civilian payrolls were off some-what in the final quarter of the year.

Table A.—Percent Changes in PersonalIncome

NOTE.—The estimates of State personal income wereprepared in the Regional Economics Division under thesupervision of Edwin J. Coleman. The quarterly estimateswere constructed by Marian Sacks; the annual estimates byVivian Conklin, Frank Dallavalle, Linnea Hazen, ElizabethII. Queen, and Mae B. Rothery.

Regions

United States _ _

New EnglandMideast

Great Lakes _ _ _Plains

Southeast . _ _Southwest

Rocky MountainFar West

III-1966to

IV-1966

2.2

2.51.3

3.23.2

2.02.0

2 91.8

1965to

1966

8.2

8.47.4

7.97.5

9.48.7

6 59.1

Manufacturing activity presented amixed picture: About half the Statesof the region scored increases, while theremainder rose at less-than-averagerates or showed absolute declines. Inthe Southwest, the lag reflected a sharpdecline in farm income; most nonfarmincome components were up.

Income growth in all States of theFar West fell behind the nationalgrowth rate. Manufacturing activitywas down throughout the region exceptin California, where a large increase infactory payrolls was nearly offset by adrop in construction payrolls. InWashington, Federal civilian and mili-tary payrolls also declined.

The smallest regional gain in theNation in the fourth quarter of 1966was in the Mideast, where only Dela-ware recorded an increase of above-average proportions. Although mostincome sources showed fourth quarteradvances, in nearly every instance theywêre small and were generally offset bydeclines in Federal civilian and con-struction payrolls.

Income Changes, 1965-66

During 1966, personal income in theNation moved ahead at a fairly con-sistent pace from quarter to quarter.A generally similar, though less con-sistent, pattern characterized regionalchanges. On an annual basis, regionalchanges from 1965 to 1966 were inline with long-term growth trendsmodified by the type of demand thatprevailed in 1966. As usual, develop-ments in some States reflected thevagaries of agricultural production.

The distinguishing features of thelong-term trend in regional incomehave been the above-average rates ofgrowth in the four southern and western

9255-322 O - 67 - 2


10 SURVEY OF CURRENT BUSINESS April 1067

regions and the below-average rates inthe four northeastern and centralregions. The dominant short-term in-fluence shaping changes in the regionaldistribution of economic activity lastyear was the rapid expansion in defenserequirements. A $10-billion increasein defense spending affected the 1966income distribution through threemajor income components: Militarypayrolls, Federal civilian payrolls, andfactory payrolls in defense-orientedindustries. The percent changes inselected components from 1965 to 1966are shown in table 2.

The buildup in the Armed Forces andtheir movements within and from theUnited States made for large regionalchanges in military payrolls. For allStates combined, military pay roseone-fifth from 1965 to 1966. Changesvaried from declines in 10 States toincreases of more than one-third inothers. These wide variations in ratesof change, coupled with equally widevariations in the importance of militarypayrolls as an income source, had asubstantial influence on the Stateincome flow last year. Since Federalcivilian support is required at militaryinstallations within the United States,

civilian payrolls fluctuated with changesin military activity, although interstatevariations in Federal civilian payrollswere less than in military payrolls.

Military demand for supplies such asaircraft, ordnance, ground transporta-tion equipment, textiles, equipage, andfuel stimulated production in certainmanufacturing industries. In regionswhere such industries are concentrated,factory payrolls moved ahead rapidlyin 1966 and affected supporting indus-tries.

New England

Personal income in New England roseat a slightly better-than-average ratefrom 1965 to 1966, as comparativelylarge increases in Vermont, New Hamp-shire, and Connecticut more thanoffset income lags in the other threeStates.

As usual, the region's manufacturingindustry exercised a strong influence onthe area's economy in 1966. Account-ing directly for nearly one-third of totalincome in the region, earnings of personsengaged in manufacturing contributednearly two-thirds of the 1965-66 risein total income. In response to defensedemands, there were large gains inindustries producing electrical and non-

electrical machinery and ordnance.Most nondurable manufactures rose ata slower rate than durables, withtextiles and leather little changed from1965.

Last year, the largest relative gainsin New England manufacturing werein Vermont, where earnings of personsrose one-fifth, and in Connecticut,where they expanded one-seventh. Ineach instance, income from manufac-turing rose at twice the rate as incomefrom nonmanufacturing. Though rela-tive gains in manufacturing weresmaller in the other New EnglandStates, they were still substantial and,in every case, larger than the relativeincreases in nonmanufacturing income.

In New Hampshire, the expansionof trade outlets contributed to theState's economic gain while, in Ver-mont, winter recreation activity gavea special impetus to income growth;these developments are indicated bythe pickup in trade and service activi-ties in these two States. In Connect-icut, higher Federal government dis-bursements, particularly military andcivilian payrolls, provided an additionalboost to the income flow.

With the region's basic industry(manufacturing) registering a sharp

Percent Increases in Personal Income by Region

12

UNITED STATES New England

1964 65 66

Midwest Great Lakes

64 65 66

-

64 65 66

n

Plains

64 65 66

Ch<

r-i

Southeast

—

64 65 66

ange From Previous Ye

pi

Southwest

64 65 66

or

-,

Rocky Mountain Far West

64 65 66 641

— 1

-

65 66 1 64 65 66



April 1967 SURVEY OF CURRENT BUSINESS 11

improvement in 1966, the resultingmultiplier effects might have beenexpected to lift the income rise in sup-porting industries—such as trade, serv-ices, and finance—to above-averagelevels. As table 2 shows, this was notthe case; instead, nonmanufacturingindustries in New England continuedtheir long-term downtrends.

Mideast

In the large and economically stableMideast, total income rose at a lowerrate than in the Nation, as most majorincome components expanded at abelow-average pace. The region is solarge economically—accounting foralmost one-fourth of all income in theNation—that it is difficult to isolateand measure at the regional level thedifferential effects of a particular oc-currence. Even major economic de-velopments that in most parts of theNation would make an obvious impacton the income flow are absorbed intothe economy of the Mideast with littleidentifiable effect.

However, some industrial develop-ments in 1966 had an impact on theeconomy of the Mideast, especiallywhen viewed at the State level. Ingeneral, government income disburse-ments gave more of a relative boost toMideast incomes than did other incomesources. Although Federal paymentsrose throughout the region, the majorthrust in most States and in the entireregion came from an increase in Stateand local government disbursements,which was larger than in any otherregion. Government income paymentswere an especially stimulating factor inthe District of Columbia, where a com-paratively small rise exerted consider-able leverage on income expansionbecause of the unusual importance ofGovernment as an income source.

Declines in farm income limited therise in total income in Delaware aridin Maryland as farm production ex-penses offset gains in cash receipts.Earnings of persons engaged in theregion's large financial sector—whichservices numerous activities for theentire Nation—increased at an above-average rate in most States and in theregion as a whole.

Only one State—Maryland—scoredan increase in total income that differedsignificantly from the regional average.The strong rise in Maryland, in linewith its long-term uptrend, reflectedprimarily gains in the many Federalactivities located in the State and theresulting increases in supporting in-dustries.

Great LakesIncome changes in the Great Lakes

region in 1966 were a shade belowaverage. Major income componentsexperienced almost the same relativerate of change in the region as in theNation; however, this regional uni-formity masked some differences amongthe individual States.

Income in Michigan rose at a less-than-average rate because of a lag inearnings of persons in manufacturing—the State's pace-setting industry. Asusual, developments in the automobileindustry were the major determinant ofchanges in manufacturing activity. Acutback in automobile production fromthe high level of 1965 was reflected in a,shorter workweek last year; however,because of small increases in totalemployment and hourly earnings, pay-rolls rose a little. This advance,coupled with increases in the fabricatedmetals and machinery industries(mainly the result of an increase ofnearly three-fourths in defense primecontracts), pushed total factory pay-rolls moderately ahead, though not somuch as in the Nation. Table 2 showsclearly the effect of the lag in manu-facturing on Michigan's supportingtrade and service industries.

Although Ohio's large manufacturingindustry kept pace with manufacturingincome in the Nation last year, mostother industries fell somewhat behindthe national rate, thereby limiting theoverall income increase. In Illinois andIndiana, increases in manufacturingactivity tended to compensate for smalllags in farming and government, whilethe opposite situation occurred inWisconsin. In each of the three Statesthe relative rise in total income wasclose to the national rate.

On balance, defense requirements hadonly a limited effect on the 1966 income

flow in the Great Lakes and were notstrong enough to offset the small long-term downtrend that characterizes theregion's relative position.

PlainsAgricultural developments had the

largest effect on the flow of total in-come in the Plains States last year.Farm income was up substantially inMinnesota, Iowa, South Dakota, andNebraska and down in North Dakota,Kansas, and Missouri.

Government disbursements to in-dividuals, one of the two major ex-pansionary forces last year, bolsteredthe income flow in the Plains States lessthan in the Nation. In most Statesof the region, Federal military andcivilian payrolls showed comparativelysmall advances, with the former de-clining in Nebraska and Kansas. Mis-souri was a notable exception, as largegains in Federal payrolls provided amajor stimulus to the overall incomeexpansion.

Among the region's private nonfarmindustries, income gains were aboutaverage, as sizable increases in manu-facturing were offset by less-than-average gains in other industries. In-come from private nonfarm sourcesrose significantly in Iowa and some-what less in Minnesota; however, itlagged considerably in the two Dakotas.

Manufacturing in Minnesota, Iowa,Missouri, Nebraska, North Dakota,and Kansas received a major stimulusfrom defense demands in 1966, anddefense-generated factory employmentin each of these States rose by one-fourth to one-third or more. Thisboost to defense-oriented manufactur-ing activity was mainly responsiblefor the favorable experience of totalmanufacturing in all Plains Statesexcept South Dakota.

SoutheastThe Southeast scored the top-ranking

income gain in the Nation from 1965to 1966. This was a reflection of above-average advances in nearly all industries.With the heavy concentration of Fed-eral establishments in the region, thestepped-up tempo of military activitycontributed appreciably to the increasedflow of personal income. In the private


12 SUKVEY OF CUEKENT BUSINESS April 1967

Table 1.—Total Personal Income, by States and Regions

[Millions of dollars]

State and region

United States

New England

MaineNew HampshireVermont _ __ _

MassachusettsRhode IslandConnecticut. __

Mideast _ _ .

New YorkNew JerseyPennsylvania

Delaware -Maryland--District of Columbia

Great Lakes ___

MichiganOhio. . .Indiana .._ _

IllinoisWisconsin

Plains .

Minnesota. _ _Iowa.Missouri

North DakotaSouth Dakota .Nebraska

Kansas. _

Southeast

VirginiaWest VirginiaKentucky _ _

TennesseeNorth Carolina _South Carolina _

Georgia. . _ _FloridaAlabama

Mississippi _ _ _LouisianaArkansas _

Southwest

Oklahoma __ _Texas

New MexicoArizona __ __ _

Rocky Mountain _ _ _

Montana __ _IdahoWyoming

ColoradoUtah

Far West

Washington __ . _Oregon _> ._ _.

NevadaCalifornia

AlaskaHawaii

1965

532,147

33,383

2,2451,714

934

16, 3492,5159,626

128,400

59, 35021, 95031,816

1,70610, 6042,974

114,109

25, 03128,97213, 924

34, 90311, 279

41,609

9,4957,381

11,961

1,4861,5183,836

5,932

88,217

10, 6913,6796,489

7,74910, 0704,708

9, 47814, 0416,660

3,7127,35Q3, 581

36,321

5, 60324, 761

2,2243,733

11,841

1,7141,660

844

5,2822,341

75,386

8,6415, 350

1,43759, 958

8512,030

1966

575,895

36,181

2,3961,8801,049

17, 6072,676

10, 573

137,930

63, 53223, 54934, 184

1,82411, 6343,207

123,070

26, 95931, 19815, 054

37, 64812, 211

44,744

10, 2688,051

12, 824

1,5601,6064,104

6,331

96,472

11,6323,9387,018

8, 53911,1745,242

10. 30515,3077,171

4,0758,1333,938

39,492

6,03827, 003

2,3614,090

12,612

1,8361,694

884

5.6782,520

82,279

9,7765,744

1,51265, 247

8902,225


1965

I

515,194

32,369

2, 1751,654

884

15, 8322,4409,384

124,811

57, 87721, 29730,847

1,64210, 2682,880

110,383

24, 04428, 13813,474

33,85810, 869

39,856

9,2046,942

11, 534

1,3651,4503,657

5,704

84,972

10, 3403,5736,290

7,5009,7624,448

9,12613, 4496,437

3, 5287,0553,424

35,085

5,41723, 914

2, 1353,619

11,495

1,6411.634

841

5, 0742,305

73,441

8,3875,244

1,43158, 379

8241,958

II

524,733

33,003

2,2301,686

914

16, 0902,4529,631

126,302

58, 48121, 60431, 249

1,66710, 3912,910

112,679

24, 73828, 52613, 758

34,53711, 120

41,212

9,4217,332

11, 774

1,4651,5113,816

5,893

86,661

10,4543.63S6,454

7,5849,9384, 583

9, 30513, 7826,578

3, 6377,1873,521

35,900

5, 53224, 452

2,2103,706

11,629

1,6741,608

851

5,1822,314

74,500

8,4855,266

1, 43359, 316

8581,989

III

538,967

33,814

2,2611,741

953

16, 7462,5909,523

130,646

60, 26422, 35332, 435

1,73210, 8363,026

114,752

25,09229, 21214, 058

34, 94011, 450

42,281

9,6427,534

12, 120

1,5351,5743,888

5,988

89,787

10, 8963,7306,602

7,88010,2084, 825

9,60014, 3096,755

3,8007, 5203,662

36,898

5, 66425, 179

2,2863,769

11,947

1,7131, 656

841

.5.3562,351

75,930

8,7685,367

1,44160, 354

8472,065

IV

549,696

34,350

2,3171,774

985

16, 7292,5779,968

131,836

60, 77422, 54832, 731

1,78210, 9053,096

118,624

26, 25030, 01414, 404

36, 27611, 680

43,084

9,7087,718

12, 416

1,5791,5403,982

6,141

91,448

11, 0743,7766,609

8,03310, 3714, 936

9,88114, 6246,872

3, 8847,6723, 716

37,400

5, 79825, 497

2,2683,837

12,304

1,7991, 744

846

5,5222,393

77,668

8,9245,522

1,44461, 778

8742,108

1966

I

560,628

35,183

2,2921,8071,008

17, 1582,588

10, 330

134,306

62, 04822, 99233, 197

1,77811, 2313,060

119,421

26, 09430, 35514, 640

36, 57011, 762

43,516

10, 0047,749

12, 550

1,5241,6193,994

6,076

94,057

11,2033,8196,911

8,30610, 9635,095

10,07114, 7707,091

4,0427,9053,881

38,626

5, 95426, 371

2,2914,010

12,318

1,8001,692

890

5,4662,470

80,110

9,3025,684

1. 53063, 594

8732,218

II

569,102

35,856

2,3501, 8481,031

17, 3912,634

10, 602

136,147

62, 93423, 20933, 614

1, 79311,4403,157

121,290

26, 59030, 71914, 927

37, 00312, 051

44,324

10, 1127, 971

12, 734

1,5651,6074, 053

6, 282

95,344

11, 4083, 8596, 993

8,46011,1015,146

10. 24215,0157,127

4, 0787,9963, 919

39,055

5,95526, 677

2. 3624, 061

12,447

1,7961,664

887

5, 6022,498

81,558

9,5965, 764

1,52264, 676

8932,188

III

580,560

36,392

2,3981,8981,059

17, 8722,753

10, 412

139,733

64, 28023, 85534, 609

1,83111, 8843,274

123,772

27, 10031, 36115, 168

37, 80912, 334

44,853

10, 3458,030

12, 820

1,5521,5864,131

6,389

97,267

11,8913,9907,027

8,61411,2465,259

10,39315, 4947,175

4,0388,2053,935

39,744

6,00227, 223

2,3934,126

12,657

1,8391,670

874

5, 7642,510

82,987

10, 0525, 724

1,48665, 725

8982,257

IV

593,271

37,293

2,5451,9671,100

18, 0082,727

10, 946

141,522

64, 86524, 14235, 315

1,88411,9783,338

127,791

28, 05232, 35515, 478

39, 21012, 696

46,284

10, 6108,455

13, 192

1,5981,6104,240

6,579

99,224

12, 0284,0837, 143

8,77611,3865, 469

10, 51415,9487,290

4,1448.4244,019

40,543

6, 23827, 742

2,3984, 165

13,023

1,9101,748

884

5.8782,603

84,457

10, 1535, 803

1,50966, 992

8962,238

Index, IV-1965=100 (seasonally adjusted)

1965

IV

100

100

100100100

100100100

100

100100100

100100100

100

100100100

100100

100

100100100

100100100

100

100

100100100

100100100

100100100

100100100

100

100100

100100

100

100100100

100100

100

100100

100100

100100

1966

I

102

102

99102102

103100104

102

102102101

10010399

101

99101102

101101

101

103100

- 101

97105100

99

103

101101105

103106103

102101103

104103104

103

103103

101105

100

10097

105

99103

103

104103

106103

100105

II

104

104

101104105

104102106

103

104103103

101105102

102

101102104

102103

103

104103103

99104102

102

101

103102106

105107104

104103104

105104105

104

103105

104106

101

10095

105

101104

105

108104

105105

102104

III

106

106

103107108

107107104

106

106106106

103109106

104

103104105

104106

104

107104103

98103104

104

106

107106106

107108107

105106104

104107106

106

104107

106108

103

10296

103

104105

107

113104

103106

103107

IV

108

109

110111112

108106110

107

107107108

106110108

108

107108108

108109

107

109110106

101105106

107

108

109108108

109110111

106109106

107110108

108

108109

106109

106

106100104

106109

109

114105

105108

103106

NOTE.—Quarterly totals for the State personal income series will not agree with the personal income measure carried in the national income and product accounts since the latterincludes income dispersed to Government personnel stationed abroad. Quarterly totals for personal income in 1966 have been revised for a number of States.

Source: U.S. Department of Commerce, Office of Business Economics.


April 1967 SURVEY OF CUREENT BUSINESS 13

nonfarm economy, every major indus-try showed a larger increase than inthe country as a whole. Only in agri-culture was the 1965-66 income experi-ence of the Southeast below average.Here, all States except North Carolina,Louisiana, and Arkansas recordeddeclines or less-than-average gains inincome.

All States of the Southeast exceptWest Virginia, Kentucky, and Alabamashared in the region's above-average1965-66 income rise. Particularly im-partant were the unusually largeincreases in Federal disbursements inseveral States—Kentucky, the twoCarolinas, Georgia, Mississippi, andLouisiana—where Federal civilianwages and salaries advanced 10 to 15percent and military payrolls roseone-fourth or more. These increases,large in absolute terms, assume evengreater importance when viewed inthe light of the relative importance ofFederal payrolls in the income structureof these States.

Also contributing heavily to theincome rise in 1966 were the unusuallylarge advances in factory payrolls inTennessee, the Carolinas, Florida,Mississippi, and Arkansas. An inspec-tion of the percentage increases in theright-hand section of table 2 revealsmany other instances of substantialincreases in the Southeastern States.

As was noted above, only in Alabamaand West Virginia did income lag in1966. In both States, a decline in farmincome and a sluggish performance inmanufacturing were responsible.

Southwest

Income in the Southwest rose at abetter-than-average pace. The region'smajor income-producing activitiestended to fluctuate around the nationalaverage, with gains outweighing lags bya small margin. Among the States,regional gains centered in Texas andArizona.

Manufacturing in the region ex-panded at an above-average rate asthe production of transportation equip-ment—mainly aircraft and relatedparts—rose one-fifth in response todefense demands. Arizona's increaseof nearly one-fourth was the largest inthe Nation. Only New Mexico failed

Table 2.—Percent Changes in Selected Components of Personal Income, by States andRegions, 1965-66

State and region

United States

New England

Maine . _New Hampshire .Vermont

M assachusettsRhode IslandConnecticut

Mideast

New YorkNew JerseyPennsylvania __. _ _

DelawareMarylandDistrict of Columbia.

Great Lakes

MichiganOhioIndiana

IllinoisWisconsin

Plains

MinnesotaIowaMissouri

North DakotaSouth Dakota _Nebraska

Kansas

Southeast

VirginiaWest VirginiaKentucky

TennesseeNorth CarolinaSouth Carolina

GeorgiaFloridaAlabama

MississippiLouisianaArkansas..

Southwest

OklahomaTexas

New Mexico .Arizona

Rocky Mountain

Montana _IdahoWyoming

ColoradoUtah

Far West

WashingtonOregon _

NevadaCalifornia

AlaskaHawaii

Totalper-sonal

income

8.2

8.4

6.79.7

12.3

7.76.49.8

7.4

7.07.37.4

6.99.77.8

7.9

7.77.78.1

7.98.3

7 5

8.19.17.2

5.05.87.0

6.7

9.4

8.87.08.2

10.211.011.3

8.79.07.7

9.810.510.0

8 7

7.89.1

6.29.6

6.5

7.12.04.7

7.57.6

9.1

13.17.4

5.28.8

4.69.6

Mining

6

4

-10141

3296

3

722

357

C1)

5

852

46

6

10118

713

-2

8

65

11

5136

1412

—1

21011

4

53

19

8

7135

126

9

75

129

24(i)

Con-tractcon-

struc-tion

8

6

12411

6—4

6

7

53

12

57

0)11

91412

815

6

12182

-20-12

5

-1

11

51813

191521

228

102416

8

210

-311

1

-2—6-4

44

3

243

-201

—716

I

Manu-factur-

ing

10

11

111220

108

14

8

789

9106

10

81011

119

13

131512

128

12

17

11

86

10

141212

11158

141014

13

1412

723

10

7102

144

13

228

512

(i)5

Earnings

Whole-saleand

retailtrade

7

6

6109

716

6

486

8115

7

569

88

7

796

446

6

8

878

99

10

898

8105

7

58

57

5

461

55

6

86

56

109

of person

Fi-nance,insur-ance,

and realestate

6

6

779

646

7

775

896

6

757

66

5

665

324

5

7

856

668

886

887

7

67

35

5

475

54

4

96

13

129

is engaged

Transpor-tation,

communi-cations,

andpublic

utilities

7

6

669

647

7

785

686

7

1267

56

5

567

433

4

8

745

79

10

1095

6105

g

78

57

5

35

(i)

65

10

106

210

414

in produ

Serv-ices

9

9

91114

1057

8

888

10128

8

4g

10

89

8

897

787

10

11

1149

101017

161211

10118

10

711

56

7

464

88

9

128

108

610

ction

Fed-eral

civilianGov-

ernment

10

7

682

75

13

9

8119

18126

9

98

13

106

9

94

13

243

8

9

95

16

61013

1315

(i)

10119

12

1413

56

11

99

(i)

620

11

85

613

29

Fed-eralmili-tary

19

5

-1-15

13

21619

16

42614

72116

20

42018

321

9

101534

115

-11

-1

23

241627

232535

241129

30233

20

1625

-413

12

7-15-7

207

23

12-3

-226

5-2

StateandlocalGov-

ernment

10

8

131113

689

12

118

17

109

14

10

1399

614

9

999

13104

9

11

121010

81112

139

12

81011

9

109

107

7

564

89

9

109

109

1025

1 Less than one-half of 1 percent.




to share in the large rise in manufac-turing activity in 1966.

Federal income disbursements in theregion—mainly civilian and militarypayrolls—also rose at better-than-aver-age rates, although the rise was confined

to Oklahoma and Texas, with NewMexico and Arizona falling behind.

In contrast to the buoyancy of manu-facturing and government, the earningsof workers in mining lagged as oil well-drilling declined. In addition, farm

income rose less in the Southwest thannationally. As a result of these di-vergent developments in "export-base"industries, income in supporting indus-tries tended to expand at only slightlybetter-than-average rates.

Table 3.—Total Personal Income, by States and Regions, 1948-66

[Millions of dollars]

State and region

United States .

New England

MaineNew HampshireVermont

MassachusettsRhode IslandConnecticut

Mideast


DelawareMaryland .District of

Columbia

Great Lakes

MichiganOhioIndiana

IllinoisWisconsin

Plains

Minnesota..Iowa__Missouri

North DakotaSouth DakotaNebraska

Kansas

Southeast

Virginia .West VirginiaKentucky



MississippiLouisianaArkansas

Southwest

OklahomaTexas

New Mexico.Arizona

Rocky Mountain

MontanaIdahoWyoming

ColoradoUtah

Far West.

WashingtonOregon

Nevada __California.. _.

AlaskaHawaii _ _

1948

208,878

13,796

1,084668407

7,0121,1753,450

54,342

26, 0518,063

14, 716

5373,331

1,644

47,806

9,69112, 2695,624

15, 5214,701

19,647

4,1064,0425,338

813916

1,909

2,523

31,769

3,6242,1262,788

3,0373,7321,779

3 1543,0432 571

1 6392,6791 597

13,066

2,3909,142

655879

4,650

876725429

1 810810

23,802

3 6082,278

28317, 633

723

1949

205,791

13,623

1,060671396

6,9711,1513,374

54,408

26, 0468,131

14, 553

5863,392

1,700

46,004

9,62711, 7495,388

14, 6074,633

17,971

3,8463,3925 196

674689

1,697

2,477

31,246

3,6481,9942 659

3,0013,6751,724

3 1503,1772 446

1 4412,8571 474

13,924

2,4609,839

719906

4,600

788712445

1 820835

24,015

3 6002 251

28617, 878

685

1950

226, 214

14,911

1,087704425

7,6541,2623,779

59,210

27, 8418,934

16, 189

6843,772

1,790

50,849

10, 89512, 9305,998

15, 9485,078

20,135

4,2273,8975,672

782814

1,978

2,765

34,590

4,0702,1362 881

3,2954,2191,886

3,5743,5992 691

1,6433,0211,575

14,850

2,54710, 486

8111,006

5,091

962764484

1 970911

26,578

3 9952,482

32719, 774

828692

1951

253,233

16,525

1,188792482

8,3441,3844,335

64,882

30,00910, 15117, 752

7314,318

1,921

57,556

12 17614, 8946,938

17, 7115,837

21,912

4,6604,1276,245

794942

2,067

3,077

39,288

4,7632,3653 361

3,6454,6912,321

4,1224,0483 077

1 7963,3361,763

16,917

2,83711,914

9361,230

5,821

1,049850556

2 3131,053

30,332

4 4142,784

37822, 756

448793

1952

269,767

17,451

1,291833496

8,6751,4464,710

68,428

31, 39610, 93418, 617

7824,721

1,978

61,019

13, 05015, 9427,326

18, 6086,093

23,016

4,8234,3386,576

740828

2,187

3,524

42,041

5,1502,4623,587

3,8104,8512,527

4,4474,5543,287

1,9073,6361,823

18,327

3,08712, 837

1,0041,399

6,168

1,075932547

2,4981,116

33,317

4,6972,966

44025, 214

494865

1953

285,458

18,500

1,298884521

9,1791,5315,087

72,684

33, 20611, 75019, 938

8355,041

1,914

66,314

14, 74117, 4238,073

19, 8126,265

23,435

5,0794,2006,948

757892

2,125

3,434

43,958

5,2922,4733,752

4,0805,0402,615

4,5815,0503,432

1,9433,8581,842

18,923

3,20113, 196

1,0481,478

6,238

1,096899549

2,5281,166

35,406

4,9342,990

48027, 002

511896

1954

287,613

18 731

1,314915526

9,2931,5235,160

73,590

34, 27511,95719, 515

8575,069

1,917

65,549

14, 35417, 3977,653

19, 9336,212

24,233

5,2024,5256,974

766916

2,253

3,597

43,780

5,3382,3473,692

4,1055,1202,434

4,5365,3283,314

1,8753,8811,810

19,288

3,19313,504

1,0771,514

6,245

1,079902533

2,5661,165

36,197

5,0352,961

51927, 682

495908

1955

308,265

20,038

1,449983549

9,8911,6145,552

78,206

36, 45312,68820, 669

9805,467

1,949

70,776

15, 90018, 7628,265

21, 1676,682

24,763

5,4834,3077,451

848857

2,191

3,626

47,557

5,6382,4923,866

4,3745,5712,599

5,0006,0703,761

2,1024,1141,970

20,664

3,39014, 438

1,1811,655

6,775

1,178951570

2,8041,272

39,486

5,3063,198

60430, 378

505972

1956

330,481

21,367

1,5341,035

598

10, 4971,6746,029

83,741

38, 60813, 71922, 295

1,1245,976

2,019

75,631

16, 52919, 9928,875

23, 0247,211

26,075

5,7784,5807,844

881914

2,274

3,804

51,312

6,0842,7684,107

4,6715,9352,697

5,3506,9724,005

2,1414,5472,035

22,208

3,59115, 472

1,2841,861

7,340

1,2411,047

605

3, 0661,381

42,807

5,5833,422

62533, 177

6481,041

1957

348,462

22 477

1,5831,102

619

11, 0741,7016,398

88,282

40, 81814, 55023, 414

1 1256,314

2,061

78,619

16 87020, 9599,187

24, 0567,547

27,859

6,1355,0778,053

9051,0682,615

4,006

54,082

6,3492,9674,291

4,8725,9802,810

5,5317,7304,261

2,1725,0282,091

23,752

3,74416, 538

1,4422,028

7,893

2,2971,104

645

3,3651,482

45,498

5,9123,416

67335, 497

5371,114

1958

358,474

23,078

1,6441,137

627

11, 4561,7526,462

90,022

41, 80814, 82223, 555

1,1306,574

2,133

78,383

16, 47820, 6159,157

24, 3787,755

29,543

6,5945,2028,467

1,0301,0942,715

4,441

56,417

6,5932,8584,430

5,0266,2862,900

5,7788,4574,440

2,3525,0892,208

24,961

3,99417, 126

1,6192,222

8,281

1,3711,163

675

3,5251,547

47,789

6,1383,577

71337,361

5281,178

1959

380,963

24 405

1,7031,242

673

12, 1411,8466 800

95,290

44, 39215, 84524 672

1 1966,957

2,228

83,418

17, 48222, Oil9,776

25, 7768,373

30,235

6,7985,3198,945

950980

2,760

4,483

60,401

6,9942,9384,655

5,3946,7313,132

6,2229,3084,693

2,5725,3442,418

26,345

4,13117,995

1,7622,457

8,721

1,3451,230

715

3,7551,676

52,148

6,5403,826

77241, 010

5621,315

19601

98,725

25,532

1,7961,305

716

12, 6801,8977,138

99,042

46, 28116, 52825, 395

1,2387,289

2,311

86,490

18, 20322, 72910, 225

26, 7188,615

31,871

7,2415,4759,149

1,0871,2172,990

4,712

62,650

7,3392,9574,792

5,5217,1423,298

6,4899,7464,876

2,6325,3992,459

27,370

4,35018, 535

1,8012,684

9,166

1,3831,241

749

4,0221,771

54,477

6,7063,960

83142, 980

6491,478

1961 i

14,411

26 579

1,8151,360

732

13,2421,9667,464

102,420

47, 93917, 33625, 696

1,2697,805

2,375

88,002

18, 11322, 97610, 496

27, 5178,882

32,924

7,5845,7439,418

9641,2263,048

4,941

65,966

7,7763,0025,123

5,8797,6093,464

6,75710, 2535,014

2,8205,5682,701

28,883

4,55119, 551

1,8732,908

9,666

1,3711,313

774

4,2991,909

57,738

7,0794,067

91445, 678

6351,598

19621

40,192

28,165

1,8851,449

778

13, 9122,1158,026

108,230

50, 67618, 44926, 879

1,3438,349

2,534

92,992

19, 32024, 15411, 148

28, 9929,378

35,002

7,8746,0059,892

1,3711,4073,276

5,177

70,551

8,4483,0955,427

6,2588,1783,752

7,29311,0605,270

2,9795,8932,898

30,358

4,68820, 518

1,9703,182

10,424

1,5811,413

792

4,5662,072

62,124

7,6354,313

1,12549, 051

6661,680

19631

63,053

29 461

1,9321,516

799

14, 5472,1998,468

113,023

52, 69719, 40027, 847

1,4468,964

2,669

97,626

20, 78725, 14411, 813

30, 2289,654

36,374

8,3186,352

10, 402

1,2921,3493,342

5,319

75,282

8,9843,2335,733

6,6448,6323,948

7,90511, 8655,660

3,2916,2843,103

31,867

4,88021, 589

2,0323,366

10,715

1,5881,411

811

4,7502,155

66,225

7,7644,578

1,26852, 615

7041,776

19641

93,408

31,269

2,0881,600

850

15, 3832,3449,004

20,297

55, 94620, 50129, 770

1,5429,734

2,804

104,442

22, 62626, 73612, 556

32, 13610,388

37,885

8,6106,608

10,988

1,2941,3143,506

5,565

81,250

9,8953,4475,968

7,1309,3214,287

8,62612,9206,098

3,4226,7623,374

33,789

5,19622, 966

2,1073,520

11,053

1,5851,464

821

4,9672,216

70,722

8,0634,904

1,35156, 404

7891,912

19651

532 147

33 383

2 2451,714

934

16, 3492,5159,626

128,400

59, 35021, 95031 816

1 70610 604

2,974

114,109

25, 03128, 97213, 924

34, 90311, 279

41,609

9,4957,381

11,961

1,4861,5183,836

5,932

88,217

10, 6913,6796,489

7,74910, 0704,708

9,47814,0416,660

3,7127,3593,581

36,321

5,60324,761

2,2243,733

11,841

1,7141,660

844

5,2822,341

75,386

8,6415,350

1,43759, 958

8512,030

1966 1 2

575, 895

36, 181

2,3961,8801,049

17,6072,676

10, 573

137, 930

63, 53223, 54934, 184

1,82411, 634

3,207

123, 070

26, 95931, 19815, 054

37, 64812,211

44, 744

10,2688,051

12, 824

1,5601,6064,104

6,331

96, 472

11,6323,9387,018

8,53911,1745,242

10, 30515,3077,171

4,0758,1333,93*

39, 492

6,03827, Oft

2,3614,09(

12,612

1,8361,694

884

5,6782,52C

82, 27S

9,7765,744

1,51265, 247

89C2,225

1 Total includes Alaska and Hawaii 1960-65 but not in earlier years. 2 Preliminary. Source: U.S. Department of Commerce, Office of Business Economics.



Rocky Mountain

The smallest income rise in 1966occurred in the Rocky Mountain region,with sharp declines in farm income in

Idaho and Colorado a prime factor.In both of these States, the rise inincome from agriculture had beenunusually large in the preceding year.The increase in government incomedisbursements was relatively small in

all States of the region except Utahand Colorado; Federal civilian payrollsexpanded nearly one-fifth in the formerand military pay by the same per-centage in the latter. Throughout theregion, State and local payrolls were up

Table 4.—Per Capita Personal Income, by States and Regions, 1948-66

[Dollars]

State and region

United States

New England.

MaineNew HampshireVermont

MassachusettsRhode IslandC onnecticut

Mideast..

New YorkNew Jersey..Pennsylvania

Delaware.. _MarylandDistrict of Colum-

bia

Great Lakes

Michigan _OhioIndiana

IllinoisWisconsin.

Plains

MinnesotaIowaMissouri . _


Kansas

Southeast

Virginia...West VirginiaKentucky



Mississippi ...LouisianaArkansas

Southwest

OklahomaTexas

New MexicoArizona

Rocky Mountain

Montana ._IdahoWyoming

ColoradoUtah

Far West

WashingtonOregon

NevadaCalifornia ...

Alaska ...Hawaii

1948

1,430

1,494

1,2351,2851,134

1,5001,4931,713

1,648

1,7971,6891,431

1,7211,467

1,957

1,603

1,5601,5581,451

1,8151,419

1,444

1,4321,5891,389

1,4021,4971,509

1,334

984

1,1301,120

990

944973891

9681,180

866

7891,032

875

1,187

1,1441,199

1,0841,274

1,419

1,6161,3161 595

1,4331,240

1 715

1,6001,621

1,8141,752

1 407

1949

1,384

1,452

1,1741,2591,073

1,4701,4371,660

1,618

1,7491,6631,401

1,8541,456

2,107

1,517

1,5201,4741,361

1,6851,366

1,298

1,3101,3161,338

1,1291,0921,303

1,287

953

1,1081,033

933

927940850

9471,191

815

6911,085

799

1,256

1,1691,291

1,1161,269

1,360

1,3851,2491,606

1,4051,244

1,689

1,5691,573

1,8221,730

1 354

1950

1,496

1,601

1,1851,3231,121

1,6331,6061,875

1,756

1,8731,8341,541

2,1311,602

2,221

1,666

1,7001,6201,512

1,8251,477

1,428

1,4101,4851,431

1,2631,2431,491

1,443

1,022

1,2281,065

981

9941,037

893

1,0341,281

880

7551,120

825

1,297

1,1431,349

1,1771,331

1,457

1,6221,2951,669

1,4871,309

1,801

1,6741,620

2,0191,852

2,8851 387

1951

1,652

1,779

1,2971,4971,275

1 7931,7652,138

1,912

2,0152,0281,697

2,2081,769

2 377

1,864

1,8741,8481,694

2 0151,697

1,547

1,5481,5771,555

1,3151,4381,571

1,578

1,141

1,3871,1921,143

1,0811,1391,071

1,1671,3581,006

8301,205

927

1,431

1,2841,469

1,3051,567

1,659

1,7601,4431,911

1,7441,492

1 985

1,8211,789

2,2502,044

2,8351 580

1952

1,733

1,865

1,4111,5571 323

1 8661,8032,263

1,985

2,0672,1331,773

2,2931 888

2 457

1,937

1,9621,9271,766

2 0781,756

1 624

1,5921,6521,656

1,2171,2721,668

1,782

1,213

1,4701,2581,228

1,1371,1811,160

1,2411,4431,071

8861,279

992

1,513

1,3911.544

1,3661,662

1,727

1,7861,5881 867

1,8301 541

2 103

1,9191,875

2,4312,167

2,6141 747

1953

1,804

1,921

1,4221,6161,375

1,9101,8792,346

2,068

2,1392,2471,870

2,3791,964

2,363

2,062

2,1612,0281,930

2,1861,787

1,642

1, 6651,5981,728

1,2431,3771,612

1,722

1,267

1,4881,2821,292

1,2291,2231,199

1,2881,5261,124

9231,3461,035

1,555

1,4671,583

1,3861,653

1,699

1,7791,5081 893

1,7671,578

2 144

2,0011,868

2,4622,204

2,4931 796

1954

1,785

1,905

1,4171,6521 395

1 8931,8662,294

2,054

2,1672,2311,804

2,3291 888

2 424

1,983

2,0311,9611,795

2 1541,722

1 677

1,6711,7231,715

1,2541,3981,681

1 762

1,256

1,5021,2321,272

1,2221,2391,119

1 2591,5201,100

9081 3461,044

1 570

1 4451,611

1,4121,623

1,661

1,7291,5031 819

1,7191 553

2 117

2,0011,821

2,4372,172

2,3021 802

1955

1,876

2,030

1,5511,7651 464

2 0261,9612,414

2,153

2 2832,3061,889

2,5191 994

2 483

2,095

2,1832,0811,894

2 2431 816

1 681

1,7291 6081,802

1,3791,2931,595

1 732

1,343

1,5711,3261,329

1 2811,3131,181

1 3751 6201,233

1,0201 3961,142

1 629

1 5071,667

1,5041,677

1,742

1 8521,5391 857

1,8141 625

2 239

2 0381,928

2 5492,313

2 2751 837

1956

1,975

2,152

1 6351,8291 586

2 1461 9932,603

2 283

2 3962,4432,032

2,7552 126

2 660

2,198

2 2142,1711 991

2 4161 927

1 749

1,7831 6941,884

1 4371,3641,628

1 795

1,423

1,6351,4911,417

1 3681,3771,210

1 4461 7231,304

1,0261 5001,194

1 713

1 5801,752

1,5931 767

1,821

1 8921,6671 939

1,8871 707

2 335

2 0932,015

2 5002,419

2 4461 900

1957

2,045

2,241

1,6791,9271 646

2 2471,9992,712

2,378

2,4932,5362,137

2,6412 198

2 701

2,248

2,2292,2272,028

2 4881,991

1 860

1,8741 8691,922

1,4791,6041,876

1 883

1,467

1,6521,6101,466

1,4191,3691,236

1 4691,7681,371

1,0401,6141,207

1 783

1,6411,823

1,7021,803

1,919

1,9441,7202 054

2,0221 794

2 400

2,1701,995

2,5882,489

2 3251 944

1958

2,068

2,258

1,7421,9571 650

2 2872,0422,642

2,387

2,5182,5162,130

2,6102 205

2 818

2,203

2,1492,1481 998

2 4662 018

1 970

1,9901 9212,023

1,7001,6681,963

2 073

1,507

1,6841,5491,496

1,4481,4361,259

1 519,827,404

,128,613,279

1 836

1 7621,851

1,8271,863

2,001

2,0591,8002 143

2,1151 831

2 433

2,2312,082

2 6512,511

2 3571 987

1959

2,161

2,338

1,7802,0841 739

2 3732 1542,695

2,494

2 6612,6342,196

2,7122 269

2 928

2,322

2 2512,2762 119

2 5812 152

1 990

2,0201 9492,101

1 5371,4691,976

2 075

1,585

1,7701,5841,552

1,5321,5101,334

1 6091 9361,465

1,2031 6661,377

1 899

1 8051,913

1,9171,948

2,064

2,0101,8722 234

2,1961 926

2 567

2 3182,191

2 7672,651

2 5092 156

19601

2,215

2,425

1 8442,1431 841

2 4592 2112,807

2 565

2 7462,7082,242

2,7572 343

3 017

2,383

2 3242,3342 188

2 6502 175

2 067

2,1161 9862 115

1 7151,7822,110

2 161

1,610

1,8411,5941,574

1 5431, 5611,377

1 6391 9501,488

1,2051 6551,372

1 922

1 8611,925

1,8902 032

2 108

2 0371,8492 263

2,2751 968

2 622

2 3492,235

2 8562,710

2 8462 369

19611

2,264

2,496

1,8302,2041 877

2 5442,2812,892

2,612

2 7952,7652,257

2,7592 464

3 065

2,405

2,2992,3282 222

2 7202,221

2 119

2,1932 0822,166

1,5041,7722,114

2 251

1,664

1,8981,6341,668

1,6201,6261,429

1 6781 9701,508

1,2681 6871,487

1 978

1 9101,984

1,9512,070

2,154

1 9731,9142 304

2,3432 040

2 693

2 4552,275

2 9292,776

2 7142 485

19621

2,368

2,618

1 9042,3001 980

2 6592 4253,040

2 728

2 9012,8892,371

2,8822 573

3 249

2,521

2 4382,4272 359

2 8262 330

2 241

2,2542 1772,269

2 1562,0012,247

2 343

1,749

2,0171,6981 751

1 6961,7261,531

1 7752 0511,580

1,3091 7481,546

2 023

1 9252,026

2,0142 171

2,284

2 2722,0332 386

2,4252 163

2 811

2 5932,374

3 2422,886

2 7752 538

19631

2,455

2,698

1,9612,3472 013

2 7462 5073,118

2,806

2 9782,9652,441

3,0132 675

3 370

2,619

2 5872,5092 471

2 9152 374

2 315

2,3722 3032,358

2,0031,9082,277

2 398

1,837

2,0951,7811,837

1 7761,8041,580

1 8792 1451,676

1,4361 8431,627

2 095

1 9922,105

2,0532,220

2,324

2,2652,0482 421

2,4832 215

2 910

2 6222,472

3 2432,997

2 8622 647

19641

2,579

2, 843

2,1222,4282,130

2 9102,6523,234

2,948

3 1273,0692,588

3,1212 828

3 527

2,766

2,7722,6412,599

3 0502,534

2 395

2,4402,3922,458

1,9911,8772,383

2 488

1,950

2,2641,8911,887

1,8741,9181,696

2 0042,2851,777

1,4851,9361,740

2 191

2,1112,208

2,0902,272

2,379

2,2552,1312, 429

2,5592,268

3 038

2,7142,600

3,2323,133

3,0822 775

19651

2,746

2,995

2,2772,5472,312

3,0502,8233,401

3,108

3,2783,2372,747

3,3923,001

3 708

2,985

3,0102,8292.846

3,2802,724

2,624

2,6662,6762,663

2,2792,2132,629

2,639

2,089

2,4192,0272,045

2,0132,0411,846

2,1592,4231,910

1,6082,0671,845

2,324

2,2892,338

2,1932,370

2,536

2,4382,3952,558

2,7102,355

3,174

2,9062,761

3,3113,258

3,1872,879

1966 i 2

2,94C

3,223

2,4352,7612,59C

3 2712,98f3,67£

3,31(

3,48(3,4142,951

3,56;:3 22(

3 96£

3,19*

3,2K3,02"3,061

3,51]2,93,

2,82(

2,8712,93]2,84,

2,40(2,35,2,81<

2,81^

2,25(

2,58]2,19,2,20,

2,19<2,23,2,02"

2,3112,57(2,03(

1,75]2,25"2,01,

2,492

2,45(2, 51]

2,31(2,52£

2,67*

2,61,2,442,68(

2,87^2, 50(

3,38J

3, 28(2,93£

3,33(3,441

3,2723,142

1. Total includes Alaska and Hawaii 1960-65 but not in earlier years. 2. Preliminary.




Table 5.—Changes in the Geographic Distribution of Total and per Capita PersonalIncome, by States and Regions, Selected Years

State and region

United States

New England

Maine___ _ _New Hampshire _Vermont

M assachusettsRhode IslandConnecticut

Mideast


DelawareMarylandDistrict of Columbia

Great Lakes. . . _

MichiganOhio .._Indiana

Illinois .._Wisconsin

Plains

MinnesotaIowa -_Missouri _


Kansas

Southeast . - ---

VirginiaWest VirginiaKentucky


Georgia.. .FloridaAlabama

MississippiLouisianaArkansas

Southwest

OklahomaTexas

New MexicoArizona

Rocky Mountain

MontanaIdahoWyoming.

Colorado ._Utah _.

Far West -

WashingtonOregon

NevadaCalifornia

AlaskaHawaii

Total personal income

Percent distribution

1948

100.00

6.60

.52

.32

.19

3.36.56

1.65

26.02

12.473.867.05

.261.59.79

22.88

4.645.872.69

7.432.25

9.42

1.971.942.56

.39

.44

.91

1.21

15.19

1.731.021.33

1.451.79.85

1.511.461.23

.781.28.76

6.25

1.144.38

.31

.42

2.24

.42

.35

.21

.87

.39

11.40

1.731.09

.148.44

.35

1957

100.00

6.46

.45

.32

.18

3.18.49

1.84

25.32

11.714.176.72

.321.81.59

22.56

4.846.012.64

6.902.17

8.00

1.761.462.31

.26

.31

.75

1.15

15.52

1.82.85

1.23

1.401.72.81

1.592.221.22

.621.44.60

6.80

1.074.74

.41

.58

2.28

.37

.32

.19

.97

.43

13.06

1.70.98

.1910.19

.15

.32

1961

100.00

6.42

.44

.33

.18

3.20.47

1.80

24.71

11.574.186.20

.311.88.57

21.22

4.375.542.53

6.642.14

7.95

1.831.392.27

.23

.30

.74

1.19

15.92

1.88.72

1.24

1.421.84.84

1.632.471.21

.681.34.65

6.97

1.104.72

.45

.70

2.34

.33

.32

.19

1.04.46

13.93

1.71.98

.2211.02

.15

.39

1966

100.00

6.28

.42

.33

.18

3.06.46

1.83

23.95

11.034.095.93

.322.02.56

21.37

4.685.422.61

6.542.12

7.77

1.781.402.23

.27

.28

.71

1.10

16.75

2.02.68

1.22

1.481.94.91

1.792.661.25

.711.41.68

6.86

1.054.69

.41

.71

2.19

.32

.29

.15

.99

.44

14.29

1.701.00

.2611.33

.15

.39

Per capita personal income

Percent of the United States

1929

100

125

859889

130124146

138

165132110

145111181

114

11311187

13697

81

858289

535984

76

52

626656

544838

507446

415943

67

6568

5884

85

857296

9180

129

10797

125142

1948

100

104

869079

105104120

115

126118100

120103137

112

109109101

12799

101

10011197

98105106

93

69

797869

666862

688361

557261

83

8084

7689

99

11392

112

10087

120

112113

127123

98

1957

100

110

829480

11098

133

116

122124104

129107132

110

10910999

12297

91

929194

727892

92

72

817972

696760

728667

517959

87

8089

8388

94

9584

100

9988

117

10698

127122

11495

1966

100

110

839488

111101125

113

118116100

121110135

109

109103104

119100

96

9810097

828096

96

77

887575

757669

798869

607769

85

8485

7986

91

898391

9885

115

112100

113117

111107


by less-than-average proportions, andin Montana, Idaho, and Wyoming, therise was about half the national rate.

The private nonfarm sector of theRocky Mountain area also experiencedthe smallest relative gain of any region,with construction activity showingalmost no change from 1965. Miningand manufacturing gave support to theeconomy of the region, but despite thecomparative buoyancy of these basicindustries, the secondary industries ofthe region rose little.

Far West

The income advance in the Far Westreflected larger-than-average increasesin Washington and California andbelow-average gains in Oregon andNevada.

Washington led all States in the rateof income expansion from 1965 to 1966,mainly because of a dramatic expansionin the State's aerospace industry, whichadded more than 30,000 new workerslast year. Smaller but significant gainsmarked the metals and machinerymanufacturing industries, which alsoexpanded as a result of rising defenserequirements. As a result of thisemployment advance, there was anupsurge of more than one-fifth inearnings of factory workers. The non-manufacturing economy of Washingtonresponded to this increase with above-average gains in all supporting indus-tries. Especially noteworthy was therise of one-fourth in earnings of con-struction workers as the demand forboth residential and nonresidential con-struction grew.

The resurgence of the aerospaceindustry was the key to the 12 percentadvance in manufacturing in California.Also bolstering that State's income flowlast year were large increases in Federalmilitary and civilian payrolls.

In contrast, earnings of constructionemployees in California showed littlechange from 1965, as a decline inresidential building, particularly inSouthern California, offset increasesin nonresidential construction. Mostother major California industries moved


April 1967 SUEVEY OF CURRENT BUSINESS 17

ahead in 1966 at a pace close to thenational average.

Below-average increases character-ized most income components in bothOregon and Nevada. In the latterState, the relative lag was substantial

except in the service industry, whichaccounts for one-third of all Nevadaincome; a rise of about one-tenth inservices from 1965 to 1966 provided asignificant boost to the total incomeflow.

Trends in the Regional Distribution of Income

LONG-TEEM trends in the geographicdistribution of income have generallybeen measured by comparing changes inthe income distribution in years ofhigh cyclical activity. The last suchcomparison focused on the years 1957and 1962, the first year since 1957 thathad no major economic distortion.With the business expansion some 6years old, 1966 provides a much betterendpoint for trend measurement.

Table 5 shows the relative distribu-tion of total personal income and therelative level of per capita income byStates and regions in selected years.The following summary of trend de-velopments in the recent period up-dates the trend analyses that appearedin two special supplements to theSURVEY: Personal Income by StatesSince 1929, which covered the periodfrom 1929 through the early 1950's, andU.S. Income and Output, which coveredthe 1947-57 period.

The first of these studies establishedquite clearly that the regional incometrends operating between 1929 and theearly postwar years involved a shift ofincome away from the four northernand eastern regions toward the foursouthern and western regions. Thesecond study examined the period 1947to 1957 and found the same trends,although there were indications that therelative decline in New England mighthave terminated and that the relativeuptrend in the Southeast softened con-siderably. Moreover, a subsequentanalysis of the years 1957-62 seemed tocorroborate the termination of NewEngland's relative decline; the evidenceregarding the Southeast was less clearbut indicated that the slower growthfrom 1947 to 1957 was apparently dueto temporary factors.1

1 Edwin J. Coleman, "Regional Income Developments in1962," April 1963 SURVEY, pp. 6-13.

A comparison of the 1957 and 1966distributions of total income in table 5shows one of these indications to havebeen false and one true. Over thepast decade, New England's incomeshare has resumed its long-term de-clines. The relative decrease has beenat the same rate as the decline in theshares of the Mideast and Great Lakesregions—about 5 percent each. Con-versely, income in the Southeast, afterlittle more than matching the nationalgrowth rate in the decade ending in1957, has now resumed its rapid rateof growth.

However, the 1957-66 comparisonspoint out the possibility of two newmodifications of trend. The sharpincome uptrend that characterized in-come growth in the Southwest over thethree decades prior to 1957 has taperedoff, so that the regional rate now approxi-mates the national. The Rocky Moun-tain States, which had a strong uptrendin the early period and a minor advanceduring the postwar decade, has experi-enced a decline in its income sharesince 1957.

The tapering of the trend in theSouthwest appears to reflect develop-ments throughout most sectors of theregion's economy. The decline in theRocky Mountain States may well bethe result of the varying fortunes ofagriculture, which is a major incomesource in that region.

These apparent modifications intrend must be viewed with caution.In the past, an apparent change intrend has at times been only a reflec-tion of some new and temporary devel-opment, the effects of which soon dis-appeared. Although there have beennumerous temporary deviations fromtrend, it would be premature to con-clude at this time that any of the basicregional income trends have substan-

tially altered over the past threeand one-half decades.

Also, it should be noted that 1966was affected by special factors. Theexpansion in the Armed Forces, theincrease in defense production, and thetight monetary situation each had adifferential regional impact that mayhave caused a distortion in long-termtrend. Counterbalancing these con-siderations is the fact that the use of1965 instead of 1966 as an endpointfor trend measurement does not sig-nificantly change the picture presentedabove.

Per capita income changes

Trends in per capita income are lessclear than those in total income, al-though the general tendency for averageincome in the various regions to con-verge toward the national average isclearly evident. In the Mideast, GreatLakes, and Far West—regions whereaverage incomes are 10 to 15 percentabove the national figure—per capitaincomes have risen at a less-than-average rate, thereby bringing theregional figures closer to the national.In New England, the only other high-income area, per capita incomes haveheld comparatively steady over thepast decade at 10 percent above thenational average.

Of the four regions with incomebelow the national average, two haveimproved their position significantly,and two have lost ground. Per capitaincomes in the Southeast and PlainsStates have risen relative to the Nationsince 1957. On the other hand, aver-age incomes in the Southwest andRocky Mountain regions have fallenrelative to the Nation. As in thecase of changes in total income, therelative decline of per capita income inthe Rocky Mountain States appearsto be the result of the failure of farmincome to keep pace with the rest ofthe economy. In the Southwest, therelative decline appears to be morebroadly based.

A more definitive picture of trendsin per capita income can be made whenmore comprehensive data, particularlythose pertaining to migration, havebeen analyzed. Statistics of this kindare just now becoming available.


by JACK J. GOTTSEGEN

Revised Estimates oi GNP by Major Industries

LEVISED annual statistics pertain-ing to gross national product by in-dustry of origin, 1947-63, and estimatesfor 1964-65, which are given here forthe first time, appear in tables 1 through4 of this article. Table 1 containsestimates of industry gross product incurrent dollars, and table 2, in constant(1958) dollars. Table 3 shows indexesof constant dollar gross product (1958=100), and table 4, implicit price de-flators. Preliminary 1966 estimates ofgross product in constant dollars areshown in table A below. Tables 1-4include more industry detail for thetransportation, communication, and tradeindustries than the previously publishedseries.1

The revised industry data reflectthe statistical and definitional revisionsincorporated into the national accountsin mid-1965,2 changes in industry defi-nitions, information from more recentsources (including the 1958 Inter-industry Relations Study),3 and im-provements in estimating methods.The following discussion defines in-dustry gross product, compares thenew measures of production and priceswith the ones previously published, anddescribes the principal factors thatcontributed to revisions in the in-dustry totals.

Industry gross product defined andmeasured

Gross product originating in an in-dustry is a measure of an industry's

NOTE: Richard C. Ziemer and George R. Kruer had amajor part in developing the basic estimates. Statisticalassistance was provided primarily by Vesta C. Jones.

1. SURVEY OF CURRENT BUSINESS, October 1962, p. 6 ff.;September 1963, p. 9 ff.; and September 1964, p. 19 ff.

2. SURVEY, August 1965, p. 6 ff.3. SURVEY, November 1964, p. 10 ff.; September 1965, p.

33 ff.

18

contribution to the Nation's totaloutput of goods and services, as de-fined in the national income and productaccounts. An industry's gross productor value added may be measured as theamount by which the total value of itsoutput exceeds the cost of purchasedintermediate products (materials andbusiness services) used in production.The gross product is also equal to thesum of the industry's factor payments(employee compensation, profits, netinterest, etc.) and of its nonfactor costsof production (indirect business taxes,depreciation, etc.). Measured by eithermethod, the sum of the gross productsof all industries is equal to the Nation'soutput as measured by total GNP.

For the accompanying tables, thecurrent dollar measures of an indus-try's gross product are derived as thesum of its factor payments and itsnonfactor costs (table 1). The grossproduct of an industry derived in thisway is not directly convertible intoconstant dollars (real product) becausethe factor and nonfactor costs—em-ployee compensation, profits, deprecia-tion, etc.—cannot be expressed in

Table A.—Gross Product in ConstantDollars by Industry: 1965-66

[Billions of 1958 dollars]

Industry

All industries total (GNP)

Agriculture, forestry, and fisheriesMiningContract constructionManufacturing _

TransportationCommunication _ _ _Electric, gas, and sanitary servicesWholesale and retail trade

Finance, insurance, and real estateServicesGovernment and government enter-

prises.Rest of the world ___Residual .

1965

614.4

25.114.823.2

188.7

27.814.316.1

105.5

82.457.1

58.14.1

-2.8

1966

648

241523

203

301617

8760

624

quantities and unit prices suitable forthis purpose. However, as was indi-cated in the October 1962 SURVEY,gross product can be adjusted indirectlyfor price changes by deflating outputand purchases separately, since boththe output and the purchases consistof goods and services that can beanalyzed into quantity and price.The difference between the two de-flated figures is gross product in constantdollars. This procedure, known as the"double deflation" method, underliesabout half of the estimates shown here,but when data on output and purchaseswere not available, estimates of realproduct were based on measures of thequantity of total output.4

For statistical reasons, the sum ofthe deflated industry gross productsmay differ slightly from the regularlypublished estimates of constant dollarGNP for the Nation. The amount ofthis difference, shown as the "residual"in table 2, arises from two sources: (1)the sum of factor and nonfactor chargesin current dollars differs from the cur-rent dollar GNP measured as the valueof sales to final markets and inventorychange by an amount that is called the"statistical discrepancy," and (2) theprice series and their weights used todeflate gross product by industry differfrom those used to deflate final prod-ucts. No attempt has been made toallocate these two sources of discrep-ancy to specific industries.

Effect of revisions

As the article in the August 1965SURVEY indicated, the revised GNP forthe total economy, measured in con-

NOTE.—The 1966 industry estimates are based uponincomplete statistical information and summary estimatingtechniques.

4. A discussion of the methods employed appears in GNPby Major Industry, Concepts and Methods, which is availableupon request to the Office of Business Economics.


April 1967

stant (1958) dollars, grew at a rate of3.7 percent a year from 1947 to 1963,as compared with 3.5 percent for thesuperseded series. (The last year forwhich data for the old industry serieswere calculated was 1963.) The up-ward revisions for contract construc-tion, manufacturing, communications,and trade are larger than the 0.2-pointspread in total GNP. However, thereal product series for transportation,services, and the electric, gas, and sani-tary service industries were reviseddownward. The growth rates for agri-culture, mining, and government wereraised only fractionally by the revisions,while the trend difference between thenew and the old series for the finance,insurance, and real estate industryapproximated that for the economy asa whole. The growth rates for both

Table B.—Average Annual Percentage Rateof Change in Gross Product in Constant(1958) and Current Dollars, and ImplicitDeflators by Industry: 1947-63

Industry

All industries, total (QNP) :New series . .Old series

Agriculture, forestry and fish-eries:

New seriesOld series

Mining:New seriesOld series

Contract construction:New seriesOld series _.

Manufacturing:New series.. .Old series

Transportation:New seriesOld series

Communication :New seriesOld series

Electric, gas, and sanitaryservices:

New series ..Old series

Wholesale and retail trade:New seriesOld series

Finance, insurance and realestate:


Services:New series. .Old series

Government and governmententerprises:


Constant(1958)dollars

3.73.5

1.91.8

2.01.9

3.42.8

3.63.2

1.12.0

7.26.6

7.89.0

3.63.0

4.74.5

3.43.6

3.23.2

Currentdollars

6.05.9

.6

.6

4.24.0

7.17.1

5.95.6

3.93.7

9.38.7

9.08.7

5.25.1

8.37.7

7.17.3

8.07.9

Implicitdeflators

2.32. 2

-1.2-1.2

2.22.1

3.64.1

2.22.3

2.81.7

2.02.0

1.1-.3

1.52.0

3.43.0

3.53.6

4.64.5

SUEVEY OF CURRENT BUSINESS

the revised and the earlier series forelectric, gas, and sanitary services,communication, and finance, insurance,and real estate are higher than theaverage, while the rates for mining,agriculture, and transportation arebelow the average. Both the new andthe old series show that service-typeindustries generally increased fasterthan the industries producing and dis-tributing goods.

Revisions in real gross product for anindustry resulted from changes in thecurrent dollar measures of gross productand/or in the deflators. Table B givessome notion of how the estimates ofreal product were affected, on the onehand, by revisions in current dollarsand, on the other, by revisions in theimplicit deflators.5 It shows, by indus-try, the 1947-63 average annual ratesof change in real output, in currentdollar output, and in the implicit de-flators for the new and the old series.For this period, revisions in deflatorswere more significant than revisionsin current dollars for contract con-struction, transportation, trade, andelectric, gas, and sanitary services.In contrast, revisions in real productfor manufacturing and communicationswere due primarily to revisions in thecurrent dollar series.

Revisions in current dollars

The August 1965 SURVEY describedthe nature and extent of the revisionsof the estimates of postwar GNP.For most industries except servicesand real estate, the definitional changesin the accounts had no .effect on thecurrent dollar totals or resulted in onlyminor changes in them. The totals forservices were reduced because interestpaid by consumers is no longer regardedas production; formerly, such paymentswere considered to be production by thehousehold industry, a component ofservices. The totals for the real estateindustry were raised because the cur-rent concepts provide for the capitaliza-tion of real estate commissions. This

NOTE.—Figures show the average annual compounded rateof change between the initial and terminal years of eachperiod.

5. The article "GNP by Major Industries" in the October1962 SURVEY discusses implicit deflators for industry grossproduct in detail and describes special qualifications appli-cable to deflators for the construction, services, and govern-ment industries.

Indexes of Real Outputby Industry, 1947-65

19

CHART 5

1958 = 100 (Ratio Scale)

Electric, Gas, & Sanitary Services

100

100

Finance, Insurance & Real Estate100

100

-74

Wholesale & Retail Trade

153

141

_70

TOTAL GNP100 -

Services100

Contract Construction100 •

100

100

100

114

Transportation

I I I I I I I I i I I I I I 1 I i I I1947 49 51 53 55 57 59 61 63 65

U.S. Department of Commerce, Office of Business Economics 6;


20

Implicit Price Deflatorsby Industry, 1947-65

CHART 6

1958 =100 (Ratio Scale)

Gov't & Gov't Enterprises100

100

— 67

Finance, Insurance & Real Estate

100

100

— 64

Transportation

-65

TOTAL GNP100 —

100

75

Manufacturing .104

100

73

Mining

_67

Communication100 —

-76

Wholesale & Retail Trade100 -

100 -

100

_ Agri., Forestry & Fisheries

*>*116

102

I I 1 I I I I I I I i I I i \ I I I I I1947 49 51 53 55 57 59 61 63 65

U.S. Department of Commerce, Office of Business Economics 67-4

STJKVEY OF CUEKENT BUSINESS

resulted in higher profit-type incomefor this industry.

The statistical revisions in profit-type income and capital consumptionallowances in the national accountsstemmed largely from revisions in theestimates of rent on nonfarm structures.The totals for the real estate industrywere correspondingly increased.

In addition, current dollar estimatesof gross product by industry wereaffected by a number of other factors,the most important of which are notedbelow.

New industry classifications. Theformer industry series represented clas-sifications based on the 1945 edition ofthe Standard Industrial ClassificationManual (SIC) for manufacturing andon the 1942 edition for nonmanufactur-ing industries. The industry classifi-cation for the new series follows the1957 edition of the SIC manual. Themain effect of these changes on thegross product was to shift gross productfrom wholesale and retail trade tomanufacturing and services.

Company-establishment adjustment.New methods and data sources wereadopted to adjust the industry classi-fication of profits and capital consump-tion allowances from a company to anestablishment basis. For all industriesexcept petroleum refining and crudepetroleum and natural gas, the basicdata source used was the Census publi-cation Enterprise Statistics: 1958, Part3, Link oj Census Establishment andIRS Corporation Data. For petroleumrefining and the crude petroleum andnatural gas industries, it was necessaryto develop special procedures, whichdiffer substantially from those used forthe old series. As a result, the mostimportant revisions that are due to thecompany-establishment adjustment oc-cur in mining; revisions are relativelysmaller for manufacturing and havelittle or no effect on the totals for otherindustries.

Statistical discrepancy. In the for-mer current dollar industry series, thetotal gross product for each industry—except general government, rest of theworld, households and institutions, andfarms—was adjusted to include a pro-

April 1967

Table C.—Average Annual PercentageChange in Manufacturing Output OBEand FRB, Selected Periods

Years

1947-1965

1947-1953._ _ _

1953-1957

1957-1960

1960-1965

Gross productoriginating

Originalseries

5.2

1.1

1.1

Revisedseries

4.1

5.8

1.1

1.5

6.0

FRBseries

4.4

5.7

2.1

2.6

5.9

NOTE.—Figures show the average annual compounded rateof change between the initial and terminal years of eachperiod.

portionate amount of the statisticaldiscrepancy.6 In the revised currentdollar series, the statistical discrepancyappears as a separate line item in table1 (as in the traditional income andproduct accounts) and is not proratedamong the industries.

Revisions in implicit deflators

A considerable amount of morerecent and/or more comprehensive datahas become available since the originalindustry series were prepared. Forexample, information from the 1958input-output study has been used inconjunction with the data derived fromthe 1947 interindustry study for select-ing and weighting price relatives todeflate goods and services purchasedby manufacturing industries. The Bu-reau of Labor Statistics has preparedspecial retabulations of the wholesaleprice indexes for the period since 1958consistent with the indexes providedfor earlier years. These data permitteda more precise deflation of manu-facturers' output and purchases for thisperiod than was previously possible.In addition, information from the 1958and the 1963 Censuses of Business wasused to develop more representativecomposite price indexes for deflatingsales by wholesalers and retailers.The use of these and other sources hasparticularly affected the deflators formanufacturing, contract construction,and trade.

6. This adjustment in the industry total was not distrib-uted among the gross product components.



Table 1.—Gross Product in Current Dollars by Industry: 1947-65(Billions of dollars)

Industry

All industries, total (GNP)

Employee compensationNet interestCapital consumption allowancesIndirect business taxes. _ _Profit-type incomeStatistical discrepancy

Agriculture, forestry, and fisheries

Employee compensationNet interestCapital consumption allowancesIndirect business taxesProfit-type income

Farms


Mining

E mploy ee compensation

Capital consumption allowancesIndirect business taxesProfit-type income-

Contract construction ...

Employee compensation . _ - _ _ _ _Net interest _Capital consumption allowancesIndirect business taxesProfit-type income.

Manufacturing _ _ _

Employee compensation _ __Net interestCapital consumption allowancesIndirect business taxesProfit-type income

Nondurable goods

Employee compensationNet interestCapital consumption allowances .. _Indirect business taxesProfit-type income

Durable goods _

Employee compensation . _ _Net interestCapital consumption allowancesIndirect business taxesProfit-type income

Transportation. _

Employee compensationNet interest _Capital consumption allowancesIndirect business taxesProfit-type income

Railroads _ _ _ _ _ _

Employee compensationNet interest _Capital consumption allowancesIndirect business taxesProfit-type income

Motor freight & warehousing

Employee compensation _ __Net interestCapital consumption allowancesIndirect business taxesProfit-type income

Communication __


Telephone, telegraph & related services-

Employee compensationNet interestCapital consumption allowancesIndirect business taxesProfit-tvoe income

1947

231.3

128.91.9

12.219.068.3

9

20.8

3.03

1.57

15.3

20.2

2.83

1.46

15.1

6.8

3.1(*)

.83

2.6

8.8

6.1(*) 3

I2.3

66.9

45.3(*)2.46.1

13.1

33.3

20.0/*\1.24.87.3

33.6

25.2

1.35.8

13.6

9.7.3.9

1.21 5

7.3

5.4.3375

2.4

1.5(*)

.2

5

3.1

2.0I

.3

.69

2.9

1.8.1.3.6.1

1948

257.6

141.11.8

14.520.881.3

—2 0

24.0

3.33

1.97

17.8

23.3

3.03

1.97

17.4

9.3

3.6(*),1.1

44.3

11.2

7.4(*)

23.2

74.7

49.4(*)2.96.2

16.2

36.6

21.8(*")1.44.78.7

38.1

27.5(*)1.51.57.6

15.1

10.4.3

1.11.32 1

8.3

5.8.348

1.0

2.8

1.7(*)

.32Q

3.8

2.3

.3

.7

.3

3.5

2.1.1.3.7.3

1949

256.5

141.01.9

16.622.074.6

.3

19.5

3.14

2.38

13.0

18.8

2.84

2.28

12.6

8.1

3.2(*)1.1

43.3

11.2

7.3(*)

52

3.2

72.0

47.0(*)3.26.4

15.4

34.9

21.5

1.64.87.0

37.1

25.5-.11 61.68.4

14.5

9.9.3

1.21.31 8

7.5

5.4.3487

2.9

1.7(*)

.3

Q

4.1

2.4I

.3

.8

.4

3.8

2.2.1.3.8.4

1950

284.8

154.62.0

18.324.184.31.5

20.8

3.14

2.68

13.8

20.0

2.84

2.58

13.4

9.2

3.5(*)1.3

53.9

12.7

8.4(*)

52

3.5

83.8

53.5-.13.57.1

19.8

38.0

23.5/*\1.75.27.7

45.7

30.01

1 81 9

12.1

16.0

10.5.3

1.21.49 5

8.3

5.6.348

1 2

3.5

2.1(*)

37

4.5

2.5

.4

.9

.6

4.2

2.3.1.4.9.6

1951

328.4

180.72.3

21.226.194.83.3

23.8

3.25

3.09

16.1

22. 9

2.85

3.09

15.7

10.2

4.0(*)1.5

54.2

15.0

10.4(*)

63

3.7

98.6

63.6__ i107.5

23.6

43.3

26.0/*\1.95.4

10.0

55.3

37.6

2.113.6

18.0

12.0.3

1.51.62.6

9.2

6.4.368

1.1

3.8

2.4(*)

37

5.1

2.8

.41.0.8

4.7

2.5.1.4.9.7

1952

345.5

195.32.6

23.228.693.62.2

23.1

3. 2Q

3.29

15.2

22. 2

2.76

3.19

14.8

10.1

4.1

' g3.8

16.2

11.3(*)

33.9

102.9

68.7(*)4.78.6

20.8

44.1

27.3(*}2.16.18.5

58.8

41.5(*)2.62.4

12.3

18.8

12.6.3

1.71.72.5

9.5

6.5.3

79

1.2

4.3

2.6(*)

.447

5.6

3.11

.51.0.9

5.2

2.8.1.4

1.0.8

1953

364.6

209.12.8

25.730.893.23.0

21.3

3.1Q

3.31 0

13.3

20.3

2.66

3.39

12.9

10.6

4.2(*)1.8

4.0

16.6

11.8(*)

33.7

112.0

76.2(*)5.69.2

21.0

46.2

29.2

2.36.38.5

65.8

47.1(*)3.23.0

12.5

19.4

13.1.3

1.91.92.2

9.4

6.5.389

1.0

4.8

3.0(*)

.558

6.3

3.4

.51.11.1

5.8

3.0.1.5

1.21.0

1954

364.8

208.03.6

28.230.591.82.7

20.7

2.9

3.51 0

12.7

19.6

2.46

3.49

12.3

10.8

3.8(*)1.9

64.5

16.7

12.1(*)

84

3.5

106.2

72.7.1

6.48.7

18.4

45.5

29.3

2.76.17.4

60.7

43.5(*)3.72.6

11.0

18.2

12.5.3

2.01.81.5

8.2

5.9.398

.4

4.9

3.1(*)

.558

6.5

3. 6I

.61.01.2

5.9

3.1.1.5

1.01.1

1955

398.0

224.54.1

31.533.3

102.52.1

19.8

2.9Q

3.61 0

11.7

18.8

2.46

3.51 0

11.3

12.3

4.1(*)2.4

5.1

18.0

13.0(*)1 0

43.6

120.8

79.9(*)7.29.7

24.1

50.3

31.3

3.16.49.5

70.5

48.6-.14.13.3

14.6

19.9

13.3.4

2.31.92.1

8.9

6.1.3

1 08

5.5

3.5(*)

.6

8

7.1

3.81

.61.01.5

6.4

3.4.1.6.9

1.4

1956

419.2

243.14.6

34.136.3

102.4-1.1

19.7

2.97

3.61 0

11.4

18.6

2 47

3.51 0

11.0

13.4

4.7(*)2.5

75.5

20.0

14.5.1

1 i4

4.0

126.8

86.3(*)7.7

10.122.5

53.2

33.4

3.37.09.4

73. 6

53.0(*)4.43.1

13.1

21.2

14.4.3

2.42.02.0

9.4

6.6.3

1 09

.7

6.0

3.8(*)

' Q

8

7.7

4.22

.71.11.6

6.9

3.7.1.6

1.11.4

1957

441.1

256.05.6

37.138.8

103.6(*)

19.6

3.08

3.81 1

10.9

18.4

2.57

3.71.1

10.4

13.5

4.8

2.67

5.3

20.9

14.9.1

1.15

4.3

131.4

90.1.1

8.610.721.9

53.8

34.6I

3.77.38.1

77.6

55.4(*)4.93.4

13.8

21.9

15.1.4

2.62.11.8

9.3

6.6.3

1 09

.6

6.4

4.0.1.878

8.3

4.52

.71.21.8

7.5

3.9.2.7

1.11.6

1958

447.3

257.86.8

38.940.0

102.21.6

22.0

3.18

4.01 1

12.9

20.8

2.68

3.81.1

12.5

12.4

4.3

2.77

4.6

20.7

14.9.1

1.25

4.0

123.7

86.2.3

9.110.617.5

54.0

34.7I

4.17.57.6

69.6

51.6.1

5.03.19.8

21.0

14.5.4

2.71.91.5

8.4

6.1.3

1.07

.3

6.4

4.1.1.868

8.9

4.59

.81.22.1

8.0

3.92

'.71.22.0

1959

483.7

279.17.1

41.443.2

113.7-.8

20.8

3.21 04.11 2

11.3

19.6

2.71 04.01.2

10.8

12.2

4.4

2.88

4.2

22.3

16.2.1

1.35

4.2

141.1

95.8.1

9.411.524.3

59.9

37.6I

4.37.9

10.1

81.2

58.2(*)5.13.6

14.2

22.1

15.5.4

2.71.71.8

8.4

6.2.3.96

.4

7.2

4.7.1.9

Q

9

9.7

4.73

.91.32.6

8.8

4.1.3.8

1.32.3

1960

503.7

294.28.4

43.447.1

111.7-1.0

21.7

3.31 14.21.3

11.8

20.5

2.81.14.01.2

11.4

12.7

4.4.1

3.08

4.5

22.7

16.8.1

1.36

3.9

144.4

99.4.1

9.812.422.6

61.9

38.9(*)4.38.6

10.0

82.5

60.5.1

5.53.8

12.6

22.5

16.0.5

9 8

L81.5

8.1

6.1.3.96

.3

7.4

5.0.1.968

10.4

4.93

1.01.42.7

9.3

4.3.3.9

1.42.5

1961

520.1

302.610.045.249.7

113.3-.8

22.1

3.41 24.11.4

12.0

20.9

'2.81.24.01.3

11.6

12.9

4.3(*)3.0

94.7

23.4

17.2.1

1.3.6

4.2

144.2

99.7.2

10.412.521.3

63.0

39.91

4.78.89.5

81.2

59.8.1

5.83.7

11.8

22.7

15.9.5

2.81.91.6

7.9

5.8.3.86

.4

7.6

5.0.1.969

11.0

5.1.3

1.11.52.9

10.0

4.5.3

1.01.52.7

1962

560.3

323.611.650.053.6

121.1.5

22.6

3.51 34.31.4

12.1

21.2

2.81.34.11.4

11.6

13.0

4.4(*)3.2

94.5

24.9

18.3.1

1.4.7

4.4

158.8

108.2.3

12.213.524.6

66.9

42.12

5.59.29.9

91.9

66.0.1

6.74.3

14.7

24.0

16.6.5

3.32.01.7

8.1

5.9.3

1.1.6.3

8.3

5.4.1

1.0.7

1.1

11.9

5.4.4

1.31.63.3

10.8

4.7.4

1.21.63.0

1963

590.5

341.013.852.657.0

126.3-.3

23.0

3.51.44.41.5

12.1

21.5

2.91.44.21.5

11.6

13.1

4.4.1

3.0.9

4.7

26.4

19.5. 2

1.5

4.6

167.0

112.9.3

12.814.326.8

69.6

43.59

5.89.6

10.5

97.4

69.4.1

7.04.7

16.3

25.1

17.1.6

3.41.92.1

8.3

5.9.3

1.1.6.5

8.7

5.8.1

1.1.7

1.1

12.9

5.6.4

1.61.73.6

11.6

4.8.4

1.51.73.2

1964

631.7

365.715.556.061.0

134.9-1.4

22.0

3.41.64.71.6

10.7

20.4

2.81.54.51.5

10.1

13.3

4.6.1

3.01.04.6

28.7

21. 2~ .'l1.5.8

5.1

179.8

120.5.3

13.715.130.1

74.4

46.0.3

6.210.111.8

105.4

74.5.1

7.55.0

18.4

26.8

18.0.7

3.62.12.4

8.6

6.0.3

1.2.6.5

9.3

6.2.1

1.1.8

1.1

13.8

6.1.4

1.81.93.7

12.6

5.3.4

1.61.83.4

1965

681.2

392. 917.859.665.2

147.3-1.6

25.4

3.51.74.91.7

13.6

23.8

2.81.74.71.6

13.0

11. 0

4.8.1

3.11.05.0

30.7

23.0.1

1.5.8

5.3

196.7

130.1

is! o15.835.2

79.7

48.7.4

6.711.012. 8

117.0

81.3

4'. 822. 4

28.5

19.1

;i 7

2.9

9.0

(i. 2

l'.2

.6

10.1

(>. 7. 1

1. 1. H

1.3

14.7

(i. 5.4

1.91.93.9

13.4

5.6.4

1.81.93.6

See footnote at end of table.


22 SUKVEY OF CUEEENT BUSINESS April 1967

Table 1.—Gross Product in Current Dollars by Industry: 1947-65—Continued(Billions of dollars)

Industry

Electric gas & sanitary services

Employee compensation _ _Net interest -Capital consumption allowancesIndirect business taxesProfit-type income

Wholesale and retail trade _.

Employee compensation _ _ _ _ _Net interest -- - -Capital consumption allowancesIndirect business taxes - -Profit-type income

Wholesale trade - -

Employee compensationNet interest - -Capital consumption allowancesIndirect business taxesProfit-type income

Retail trade --- _ - -

E mployee compensationNet interestCapital consumption allowancesIndirect business taxesProfit-type income

Finance, insurance, & real estate

Employee compensationNet interestCapital consumption allowances __ _Indirect business taxesProfit-type income

Finance & insurance

Employee compensationNet interest

Indirect business taxesProfit-type income

Services

Employee compensationNet interestCapital consumption allowancesIndirect business taxesProfit-type income _ _ _

Households & institutions, _ .


Government & government enterprises

Employee compensation

Capital consumption allowancesIndirect business taxesProfit-type income

General government

Employee compensation. _Net interest

Indirect business taxes

Rest of the world

Employee compensationNet interest ._ _ __

Indirect business taxesProfit-type income

1947

3.8

1.6.2.5.5

1.0

43.4

22.4(*)1.55.2

14.4

15.5

8.1(*)

.42 84.2

27.9

14.3

1.12.4

10.2

22.7

4.78

3.23.4

10.6

5.1

3.6—1.2

.14

2.2

20.4

12.2

1.0.9

6.2

5.1

5.1

19.2

18.7

5

16.7

16.7

.8

(*)

7

1948

4.3

1.8.3.5.6

1.1

48.4

24.7(*)1.85.9

15.9

17.3

9.0(*)

.63 14.6

31.0

15.7

1.22.8

11.3

25.5

5.35

3.53.7

12.4

5.9

4.0-1.7

.24

3.0

22.2

13.1

1.21.06.8

5.6

5.6

20.2

19.8

.4

17.4

17.4

1.0

(*)

g

1949

4.8

2.0.3.6.6

1.4

48.0

25.0(*)2.26.2

14.6

16.6

8.9

<*>«3.33.9

31.3

16.1

1.62.9

10.7

27.7

5.6.5

3.84.2

13.7

6.7

4.3-2.0

.25

3. 6

22.9

13.6I

1.41.16.8

5.9

5.9

22.4

22.0

.3

19.4

19.4

1.0

(*).2

g

1950

5.3

2.1.3.7.7

1.4

51.3

26.7(*)2.46.9

15.1

18.8

9.5(*)

3.84.8

32.5

17.3

1.73.1

10.4

30.7

6.2.6

4.24.5

15.2

7.0

4.8-2.3

26

3.8

24.3

14.4

1.51.17.2

6.4

6.4

23.7

23.6

.1

20.9

20.9

1.2

(*).2

1.0

1951

6.1

2.3.4.8.7

1.8

56.4

29.4.1

2.77.6

16.5

21.3

10.7.1.9

4.15.6

35.1

18.7

1.83.5

11.0

33.8

6.8.6

4.95.0

16.6

7.7

5.3-2.7

36

4.3

26.3

15.71

1.71.17.7

6.9

6.9

30.5

30.4

.1

27.4

27.4

1.3

(*).2

1 2

1952

6.6

2.5.4.9.7

2.0

58.5

31.0.1

3.08.2

16.3

21.5

11.2.1.9

4.45.0

37.0

19.7

2.13.8

11.4

37.0

7.3.7

5.25.4

18.4

8.7

5.8-3.0

37

4.9

28.0

16.81

1.81.18.1

7.2

7.2

35.1

34.7

.5

31.2

31.2

1.3

<*>2

1.1

1953

7.2

2.7.5

1.0.8

2.2

59.7

32.9(*)3.28.8

14.9

21.9

11.9(*)

.94.64.4

37.8

21.0

2.24.1

10.5

40.9

8.0.9

5.75.9

20.3

9.8

6.4-3.2

37

5.5

29.9

18.01

1.91.28.6

7.8

7.8

36.3

35.5

(*)

31.9

31.9

1.3

(*)

1.1

1954

8.0

2.9.6

1.3.8

2.4

60.8

33.8.1

3.38.8

15.0

22.2

12.3.1

1.04.84.0

38.7

21.5

2.34.0

10.9

44.7

8.71.56.46.4

21.7

10.8

7.0-3.2

4g

5.8

31.0

18.82

2.21.18.8

8.1

8.1

36.8

36.1

(*).7

32.5

32.5

1.6

<?>1.4

1955

8.7

3.0.6

1.61.02.5

66.2

36.1.1

3.59.6

16.9

25.1

13.1.1

1.25.35.5

41.1

23.0

2.34.3

11.4

48.1

9.51.87.17.0

22.7

11.3

7.6-3.7

5g

6.1

34.5

20.62

2.31.1

10.3

9.1

9.1

38.6

38.1

(*).5

34.2

34.2

1.8

(*).2

1.6

1956

9.4

3.3.7

1.81.02.6

70.4

39.1.1

3.910.816.5

27.5

14.6.1

1.35.95.5

42.9

24.5

2.64.9

11.0

51.2

10.42.07.67.7

23.4

12.1

8.3-4.2

59

6.5

37.9

22.72

2.71.2

11.0

9.8

9.8

40.7

40.7

(*)(*)

36.6

36.6

2.1

(*).2

1.8

1957

10.0

3.5.8

1.91.12.7

73.8

41.2.1

4.311.616.7

28.8

15.4.1

1.56.25.5

45.0

25.8

2.85.3

11.2

54.9

11.12.68.58.5

24.3

13.0

9.0-4.5

61 06.9

40.8

24.53

3.01.3

11.7

10.5

10.5

43.8

43.4

('\39.1

39.1

2.2

<•?,1.9

1958

10.7

3.7.9

2.11.22.7

75.1

42.0.1

4.311.916.9

29.4

15.8.1

1.46.55.6

45.7

26.1

2.85.4

11.3

59.2

11.93.39.09.4

25.6

14.3

9.8-4.7

61 17.5

42.9

25.83

3.21.3

12.2

11.4

11.4

47.3

46.9

r)»42.1

42.1

2.0

<•?.1.7

1959

11.7

4.01.02.31.33.2

82.0

45.2.1

4.513.219.0

32.4

17.0.1

1.57.36.6

49.5

28.2

3.05.9

12.5

63.5

12.93.49.8

10.227.2

15.6

10.7-5.6

71 28.7

46.7

28.03

3.51.4

13.4

12.2

12.2

50.1

49.3

(\44.3

44.3

2.2

<?,1.8

1960

12.7

4.21.12.41.43.7

84.3

48.1.1

4 614.517.0

33.4

18.1.1

1.67 95.7

50.9

30.0

Vo6.6

11.2

67.5

13.84.2

10.511.327.7

16.8

11.5-6.1

g1 39.3

49.9

30.44

3.g1.6

13.7

13.2

13.2

53.7

52.9

.1

.7

47.5

47.5

2.4

(*).5

1.9

1961

13.4

4.41.22.61.53.8

87.0

49.1.2

4 615.317.8

34.8

18.7.1

1.58.16.3

52.2

30.4.1

3.07.1

11.5

71.5

14.85.2

11.412.427.7

17.7

12.5-6.4

g1 49.4

52.9

32.14

4.01.7

14.6

14.0

14.0

57.0

56.6

.1

.3

50.9

50.9

2.9

(*).6

2.3

1962

14.2

4.51.32.81.63.9

92.7

52.0.3

4 916.519.0

36.9

19.7.2

1.68.86.5

55.8

32.3.1

3.27.7

12.5

76.2

15.66.1

12.313.428.8

18.1

13.1-7.2

g1 59.8

56.9

34.66

4.41.8

15.5

15.0

15.0

61.5

60.7

.1

.7

54.7

54.7

3.3

(*)

2.6

1963

14.9

4.71.32.91 64.3

97.2

55.0.4

5 217.619.0

38.8

20.8.2

1.89.46.8

58.4

34.2.2

3.48.3

12.3

80.9

16.67.7

13.014.529.1

18.8

13.9-7.3

1 01 79.5

60.9

37.17

4.82.0

16.4

16.0

16.0

66.0

64.7

.11.2

58.1

58.1

3.4

(*).8

2.5

1964

15.8

5.01 43.01 74.7

104.8

58.85

5 519.020.9

41.7

22.23

1.910.07.3

63.2

36.6.3

3. 69.1

13.6

86.6

17.78.6

14.115.730.6

19.9

14.9-8.3

1 11 8

10.4

66.2

40.39

5.22.1

17.8

17.3

17.3

71.3

70.0

.11.2

63.0

63.0

4.0

(*>9

3.0

1965

16.6

5.21 53.11 84.9

111.4

63.16

5 720.821.2

44.8

23.8.3

1.911.17.6

66.6

39.3.3

3.79.7

13.5

92.5

18.910.014.916.832.0

21.1

15.8-8.8

1.11.9

11.0

71.0

43.51.05.72.3

18.6

18.3

18.3

77.0

75.2

.11.7

67.8

67.8

4.3

(*)1.0

3.2

*Less than $50 million.NOTE.—Employee compensation consists of wages, salaries, and supplements. Net in-

terest is net interest component of national income. Capital consumption allowances consistof depreciation and accidental damage to fixed business property. Indirect business taxesconsist of indirect business tax and nontax liability and business transfer payments. Profit-type income consists of corporate profits after inventory valuation adjustment, proprietors'income, rental income of persons, and surplus of government enterprises, less subsidies.

Capital consumption allowances and profits by industry differ somewhat from the hithertopublished figures because these two items have been reallocated by industry from a companyto an establishment basis.

Detail may not add to totals because of rounding.




New procedures were also used todevelop price indexes for the railroadand electric utilities industries. Inthese industries, the price per unitpaid by the user declines as the number

of units purchased increases—e.g., asdistance lengthens, the charge per miledeclines. The previously publishedmeasures of railroad and public utilityreal output gave equal weight to each

ton-mile or kilowatt-hour. The weightsfor the new measures are based uponthe appropriate 1958 rate schedules anddo not reflect changes in average unitvalues arising from changes in quanti-

Table 2.—Gross Product in Constant Dollars by Industry: 1947-65(Billions of 1958 dollars)

Industry


Agriculture, forestry, & fisheriesFarms

Mining

Contract construction _ _

Manufacturing -Nondurable goods industries _Durable goods industries

Transportation _RailroadsMotor freight & warehousing

Communication _ _ _Telephone & telegraph ._

Electric, gas, & sanitary services

Wholesale & retail tradeWholesale trade. _Retail trade.. _

Finance, insurance & real estateFinance & insurance

Services.. .Households & institutions _.

Government & government enterprisesGeneral government

Rest of the world _

Residual .

1947

309.9

17.917.0

10.2

12.9

91.839.452.3

21.110.73.1

4.13.8

4.4

52.719.633.1

35.610.2

30.67.5

32.428.6

1.1

-4.6

1948

323.7

20.019.0

10 7

14.1

96.341.355.0

20.710.53.4

4.74.4

5.0

54.220.333.9

36.59 9

31.97.9

33.228.7

1.2

-4.8

1949

324 1

19.418 4

9 6

14.7

90.940.450 5

18.38 73.5

4.94.6

5.5

55.220.235. 1

37.810 2

32.18.2

34.730.1

1.2

1950

355 3

20.419 4

10 7

16.2

105.544.760 8

19.79 54.3

5.24.8

5.9

60 422 038.4

41.010 8

33.18.7

35.931.1

1.3

. i

1951

383 4

19.518 4

11 7

18.2

116 247.269 0

21.710 64.6

5.85.3

6.8

61 423.038.4

42.911 2

34.08.8

43.938.8

1.2

. l

1952

395 1

20.219 0

11 7

18.3

118 747.371 5

21.210 14.7

6.15.6

7.3

62 923.539.4

44.711 5

34.58.8

47.241.8

1.2

1.1

1953

412 8

21.220 0

12 0

18.9

128.649.579 1

21.29 95.2

6 76.1

7 8

64 924 040.9

46.811 9

35.39.1

47.141.7

1.3

1 0

1954

407 0

21.620 4

11 7

19.3

119 548.371 2

21.08 95.2

6 86.2

8 6

65 524 241.2

49.812 9

35.49.2

46.140.9

1.6

2

1955

438 0

22. 120 9

12 8

20.8

133.652.980 7

22.09 95.9

7.56.7

9.1

71 627.244.5

52.713 3

38.210.1

46.040.7

1.8

—.2

1956

446 1

22.020 8

13 6

21.8

134.154.679 4

22.810 06.2

8 07.2

9.7

73 828.545.3

54.813 9

40.210.6

46.241.3

2.0

-2 9

1957

452 5

21.520 3

13 6

21.1

134 654.979 6

22.59 56.4

8.57.7

10 3

75 129 046.1

57.014 1

41.810.9

46.941.9

2. 1

-2.6

1958

447 3

22.020 8

12 4

20.7

123 754.069 6

21.08 46.4

8 98.0

10.7

75 129.445.7

59.214 3

42.911.4

47.342.1

2.0

1.6

1959

475.9

22.321 1

12 8

22.0

138.959.079 9

22.28 97.0

9.58.6

11.6

80 832.248.6

61.414 3

45.111.7

47.942.5

2.2

—.9

1960

487 7

23.121 9

13 1

21.7

140.959.981 0

22.58 77.2

10.09.1

12.4

82.333.149.1

64.114 9

46.712.2

49.243.7

2.3

—.7

1961

497 2

23.422 2

13 3

21.4

140.460.779 7

22.58 77.5

10.69.7

12 9

83 534.648.9

67.115 4

48.312.4

50.644.8

2.9

. 1

1962

529 8

23.322 1

13 6

21.7

154 664.790 0

23.89 28.0

11 510.5

13 6

88 936.852.1

71.216 2

50.812.9

52.646.9

3.4

.9

1963

551 0

24.022 8

13 9

21.9

162 466.895 6

25.29 78 5

12 311.3

14 4

92 838.754.1

74.416 4

52.213.2

53.947.8

3.4

. 1

1964

580 0

23.322 0

14 4

22.7

173 671.3

102 3

26.510 28.7

13.212.2

15.4

98 941.557.3

78.217. 0

54.713.6

56.149.2

3.9

-1.0

1965

614 4

25 123 8

14 8

23 2

188 775 0

113 7

27.810 79.2

14.313.3

16.1

105.544.661.0

82.417.6

57.114.0

58.150.9

4.1

-2.8

Note: Detail may not add to totals because of rounding and the omission of data for industries included in the major industry category.Source: U.S. Department of Commerce, Office of Business Economics.

Table 3.—Indexes of Gross Product in Constant (1958) Dollars by Industry: 1947-65(Index numbers, 1958=100)

Industry



Mining

Contract construction

Manufacturing. ._ _ _Nondurable goods industriesDurable goods industries.

Transportation ._RailroadsMotor freight & warehousing.

CommunicationTelephone & telegraph


Wholesale & retail tradeWholesale trade.. .Retail trade

Finance, insurance & real estateFinance & insurance

ServicesHouseholds & institutions

Government & government enterprisesGeneral government

Rest of the world

1947

69.3

81.381 3

82 4

62.3

74.273 075.2

100 6126 748.7

46 047 0

40 7

70 166 672 4

60 171.6

71 365.2

68.667 8

52 7

1948

72 4

90 691 0

86 9

68 2

77 876 478.9

98 7124 053 1

53 154 7

46 8

72 269 174 2

61 669 2

74 468 9

70.368 1

57 7

1949

72 5

88 188 4

77 5

70 9

73 574 872 5

87 1103 454 0

55 857 6

51 4

73 568 676 7

63 971 6

74 771 3

73.471 4

61 2

1950

79 4

92 492 9

86 4

78 3

85 382 887 3

94 2112 567 6

58 660 2

55 4

80 374 784 0

69 275 5

77 i75 6

75.973 9

63 6

1951

85 7

88 488 2

95 0

88 2

93 987 499 0

103 6125 671 5

65 666 7

63 5

81 778 383 9

72 678 6

79 277 2

92.892 2

• 59 2

1952

88 3

91 591 2

94 3

88 7

96 087 4

102 6

101 0120 273 6

69 170 2

68 0

83 880 086 2

75 581 0

80 476 9

99.999 3

60 0

1953

92 3

96 195 9

97 5

91 4

104 091 5

113 7

101 2117 680 7

75 275 9

72 8

86 481 789 4

79 083 7

82 379 5

99.799 0

63 8

1954

91 0

98 297 9

94 3

93 4

96 689 3

102 2

100 2106 180 8

76 877 o

80 0

87 282 490 2

84 290 3

82 580 3

97.597 o

77 4

1955

97 9

100 4100 4

103 9

100 4

108 097 8

115 9

105 0117 191 9

84 283 9

84 9

95 492 397 3

89 093 4

89 088 3

97.296 7

86 4

1956

99 7

99 999 9

109 7

105 6

108 4101 1114 1

108 7119 197 o

89 990 1

90 9

98 396 999 2

92 697 3

93 692 7

97.798 0

98 4

1957

101 1

97 497 3

109 7

102 2

108 8101 7114 3

107 5112 3100 6

96 696 4

96 0

100 098 6

100 9

96 498 7

97 595 5

99.399 6

103 2

1958

100 0

100 0100 0

100 0

100 0

100 0100 0100 0

100 0100 0100 0

100 0100 0

100 0

100 0100 0100 0

100 0100 0

100 0100 0

100.0100 0

100 0

1959

106 4

101 1101 2

104 0

106 6

112.4109 2114.8

106 1105 2109 9

107 1107 9

108 0

107 6109 6106 3

103 7100 0

105 1102 7

101.3101 0

107 5

1960

109 0

104 9105 0

106 4

105 1

113.9110 9116.3

107 4103 8112 7

113 4114 0

115 4

109 5112 7107 5

108 3104.5

108 7106.3

104.0103 8

114 7

1961

111.2

106.2106 4

107 3

103.5

113.5112 3114.5

107 4102 9116 3

119 8121 2

120 6

111 2117 8107 0

113.4107.9

112 5108.8

107.0106 4

145 2

1962

118.5

105.8105 8

109.9

104.9

125.0119.6129.2

113.5108 6124.4

129 5131.2

127.3

118.4125.2114 0

120.3113.6

118 2112.7

111.3111.3

165 2

1963

123.2

109.2109.3

112.8

105.9

131.3123.7137.3

120.2114.9132.1

139.4141.7

134.5

123.6131.8118.3

125.6115.0

121 7115. 7

114.0113.5

167.2

1964

129.7

105.8105.8

116.4

109.8

140.4132.0146.9

126.2121.6135.0

149.4152.9

143.9

131.6141.2125.4

132.1119.0

127.5119.1

118.9116.8

193.8

1965

137.3

113.8113.9

119.6

112.0

152.6139.0163.2

132.7126.7142.8

161.6166.0

150.4

140.5151.5133.4

139.2123.3

132.9122.0

122.9120.8

204.3

NOTE: Indexes are based on unrounded data and therefore may differ from ones computed from published figures.Source: U.S. Department of Commerce, Office of Business Economics.


24 SURVEY OF CUEEENT BUSINESS April 1967

ties purchased. Thus, with the length-ening of the average haul or with thepurchase of more kilowatt-hours ofelectricity per household or business,the new series show larger price in-creases and smaller increases in realproduct than the superseded series.

Methods for measuring price changeswere also modified for contract con-struction and for finance and insurance.

Manufacturing output: OBE vs.FRB

Annual estimates of real productoriginating in manufacturing industrieshave been compared with the outputmeasures for these industries currentlypublished by the Federal EeserveBoard. Although the two series differstatistically and conceptually, the broadpattern of manufacturing output re-flected by them has been similar duringthe postwar period. As summarized intable C, both the OBE and the FEEindexes exhibit a sharp rate of increasefrom 1947 to 1953, a slower rate ofgain until 1960, and rapid gains since1960. However, for the period 1953-60, the FEB index for manufacturingincreased more rapidly than the grossproduct index.

The FEB indexes for an industry arebased on measures of total output (be-fore deduction of intermediate pur-chases) ; these are aggregated by usingas weights Census value added for abase period. In calculating OBE'smeasures of real product, intermediatepurchases in constant prices are de-ducted from total output for each yearin constant prices. Trends in totaloutput will not be the same as trendsin real product if the material require-ments per unit of output vary over time.Such variations may occur for any num-ber of reasons, including changes intechnology, in the degree of integrationof production processes, or in the prod-uct mix of the industry's output (e.g.,shifts from products with low valueadded to high value added per unit ofoutput).

There are also other differencesbetween the two measures. The cur-rently published FEB indexes arecombined with weights that embody1957 price relationships for post-1952data and 1947 price relationships forthe years 1947-52, while the OBEindexes use 1958 prices throughout.FEB weights are based on Censusvalue added, while OBE weights aregross product originating. The FEB

uses both physical quantity data anddeflated value of output data for itsannual indexes from 1947 through themid-1950's. Since then, the indexesare based partly on physical quantitydata and partly on man-hours adjustedfor estimated productivity change. TheOBE relies primarily on the deflationof data pertaining to the value ofoutput and purchases.

Differences in weights assigned tothe component industries account foronly a portion of the disparities formost years in the FEB and OBEmeasures of real manufacturing output.The disparities are related primarilyto different movements in total andnet output and to the different sets ofstatistics that the two agencies use.A review of the relationship of thetwo manufacturing series, includingdiscussions at a detailed industry levelwithin manufacturing, will appear in"Comparison of Federal Eeserve andOBE Measures of Eeal ManufacturingOutput, 1947-1964"; this will be pub-lished in a book containing paperspresented at the December 1966 meet-ing of the Conference on Eesearch inIncome and Wealth, sponsored by theNational Bureau of Economic Ee-search.

Table 4.— Implicit Price Deflators of Gross Product by Industry: 1947-65

(Index numbers, 1958=100)

Industry



Mining

Contract construction

Manufacturing—Nondurable goods industries __Durable goods industries

TransportationRailroads _Motor freight & warehousing _

CommunicationTelephone & telegraph


Wholesale & retail trade ___Wholesale trade _ __ _Retail trade

Finance, insurance & real estate __ _ .Finance & insurance

ServicesHouseholds & institutions

Government & government enterprises___General govern merit

Rest of the world

1947

74.6

116. 1119 1

66 6

68.6

72.984.464 2

64.568.778.4

76.276.3

86 7

82.479.384 2

63.850.3

66 868. 1

59.358 5

1948

79 6

120.4122 9

86 3

79 1

77.688.769 3

73.179.383.2

79.979.7

85. 1

89.285.391.5

69.959.9

69 671.0

60.860 8

1949

79.1

100.5101 8

84 6

76 2

79.286.473 4

79 486.284.7

82.782.4

88 0

86.982.589 4

73.265.2

71 572.6

64.464.7

1950

80 2

102 0103 0

86 0

78 2

79 485.075 2

80 887.381.0

87.687.3

89 0

85.085.584 6

74.965.4

73 574.4

66.167. 1

1951

85 6

122 1124 5

86 5

82 1

84.991.780 2

83 086.883.6

89.289.2

89. 1

91.992.691.5

78.869.0

77 378. 1

69.570.5

1952

87 5

114 7116 5

86 5

88 3

86.793.282 3

88 993.590.8

92. 192.1

91.0

93.091.593.9

82.975.2

81.082.0

74.574.4

1953

88 3

100 5101 5

87 6

88 0

87 193.583 1

91 795.092.7

94.695.2

92 6

92.191.292.6

87.482.0

84 685.4

77.076.6

1954

89 6

95 696 0

92 9

86 6

88.994.385 3

86 592.294.2

95.195.4

93.7

92.991.593.8

89.683.6

87 687.9

79.979.5

1955

90 9

89 689 6

95 6

86 6

90.595.287 4

90 490.693.7

95.095.0

95.8

92.492.692.3

91.385.2

90 389.8

84.084.0

1956

94 0

89 589 2

98 6

91 7

94 697.492 6

93 193.596.5

96.696. 1

96 7

95.396.494 7

93.387.0

94 292.4

88.288.7

1957

97 5

91 190 9

99 4

98 8

97.697.897 5

97.398.499.2

97.697.6

97.5

98.399.397.7

96.392.0

97.596.2

93.493.3

1958

100.0

100.0100 0

100 0

100.0

100.0100.0100.0

100.0100.0100.0

100.0100.0

100.0

100.0100.0100.0

100.0100.0

100.0100.0

100.0100.0

1959

101 6

93 493 1

95 2

101 2

101.6101.6101 6

99.394.7

101.5

102.4101.7

101. 1

101.5100.7102.0

103.4109.3

103.5104.0

104.7104.2

1960

103 3

94.093 6

97 0

104.4

102.5103.3101.8

99.992.9

102.0

103.5102.6

102.9

102.4100.7103.5

105.3112.4

106.8108.8

109.2108.6

1961

104.6

94.694 1

96 9

109.3

102.7103.8101.8

100.890.9

101.8

103.5102.9

103.6

104.1100.4106.7

106.6115.0

109.4112.3

112.7113.6

1962

105.8

97. 196 2

95 6

114 6

102.7103.4102.2

100.988.9

103.5

104.0102.7

103.8

104.2100.1107.1

107.0111.6

112.2116.2

116.8116.6

1963

107 2

95.694 6

94 1

120.4

102.8104.2101.9

99.885.7

103.1

104.3102.7

103.4

104.7100.2107.9

108.8114.5

116.7120.9

122.4121.5

1964

108.9

94.492 6

92.2

126.3

103.6104.3103.0

101.283.8

107.6

104.6102.7

102.5

106.0100.3110.2

110.8117.4

121.0126.7

126.8128.1

1965

110.9

101.5100.0

94.9

132.4

104.2106.2102.9

102.584.0

109.9

102.9100.6

103.0

105.6100.5109.2

112.3119.8

124.3131.4

132.5133.3

NOTE: Indexes are based on unrounded data and therefore may differ from ones computed from published figures.



CURRENT BUSINESS STATISTICS

JLHE STATISTICS here update series published in the 1965 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEYOF CURRENT BUSINESS. That volume (price $2.00) provides a description of each series, references to sources of earlier figures, and historical dataas follows: For all series, monthly or quarterly, 1961 through 1964 (1954-64 for major quarterly series), annually, 1939-64; for selected series,monthly or quarterly, 1947-64 (where available). Series added or significantly revised after the 1965 BUSINESS STATISTICS went to press are indicatedby an asterisk (*) and a dagger ( f ) , respectively; certain revisions for 1964 issued too late for inclusion in the 1965 volume appear in the monthlySURVEY beginning with the September 1965 issue. Also, unless otherwise noted, revised monthl} data for periods not shown herein correspondingto revised annual data are available upon request.

Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided throughthe courtesy of the compilers, and are subject to their copyrights.

Unless otherwise stated, statistics through 1964and descriptive notes are shown in the 1965edition of BUSINESS STATISTICS

1964 1965 1966

Annual total

1964

I II | III IV

1965

I II III IV

1966

I II III IV

1967

I P

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series

NATIONAL INCOME AND PRODUCTf

Gross national product, totalf --- --- bil. $

Personal consumption expenditures, total do

Durable goods total 9 doAutomobiles and parts _ _ _ _ doFurniture and household equipment do...

Nondurable goods, total 9 -- - doClothing and shoes do._.Food and beverages doGasoline and oil do. .

Services, total 9 . _ . _ doHousehold operation. . ... .do...Housing doTransportation . . _ _ . _do

Gross private domestic investment, total do

Fixed investment do. .Nonresident ial do

Structures - . - .doProducers' durable equipment do. _

Residential structures doNonfarrn . . do

Change in business inventories... do. .Nonfarm do

Net exports of goods and services .. doExports doImports do

Govt. purchases of goods and services, total, .doFederal.. . __ . do. .

National defense doState and local. _ _ . ... do

By major type of product :fFinal sales, total . . do

Goods, total doDurable goods doNondurable goods do

Services doStructures do

Change in business inventories doDurable goods doNondurable goods . . . do

GNP in constant (1958) dollars

Gross national product, totalf ... . bil. $

Personal consumption expenditures total do

Durable goods . . . doNondurable goods... _ . doServices. do

Gross private domestic investment, total do

Fixed investment . . . doNonresidential . . doResidential structures do

Change in business inventories do

Net exports of goods and services do

CJovt purchases of goods and services total doFederal _ . ' " d oState and local ... do

631.7

401.4

59.425.825.1

178.933.692.814.1

163.124.359 211.8

93.0

88.360.721.039.727 627.04.75 3

8.537 028 5

128.965.250 063 7

627 0313 6122 2191 3244 568 9

4.73 31 4

580 0

373 8

59 1170 5144 2

86.5

81 957 424 64.6

8.5

111 357 853.4

681.2

431.5

66.129.827.1

190.635.998.415.1

174.825.663.212.8

106.6

97.569.724.944.827 827.29.18 1

7.039 032 0

136.266.850 169.4

672 1335 7132 2203 5262 0

74 5

9.16 32 7

614 4

396 2

66 4178 2151 6

97.8

89 064.994 i8.8

6.3

m i57 856.3

739.6

464.9

69.330.030.1

206.240.3

104.816.1

189.427 267.714.0

117. 0

105. 179 327.851.425 825 311.912 2

4 849 737 9

153.076 960 076 2

727 7365 3145 9219 5285 9

76 6

11.99 09 9

647 8

415 5

70 7186 0158 7

104.7

93 672 1°1 511.1

4.7

1 99 964 059! 1

616.8

391.1

57.625.324.1

174.932.890.713.9

158.723.857.711.7

90.2

86.658 120.337.928 527.93.53 6

9.036 427 4

126.564.950 161 6

613 3307 1119 6187 5237 368 8

3.52 31 2

569 7

365 7

57 2167 2141 2

84.6

81 255 525 73.5

9.2

1 1 n 958 252^0

627.7

398.0

59.826.025.4

176.532.792.113.9

161.624.258.711.7

91.8

87.659.720.938.827 927.34.25 1

7.936 028 1

130.166.651 663.4

623 5311 4122 4189 0242 769 4

4.23 6

5

578 1

371 0

59 5168 4143 1

85.6

81 656 624 94.0

8.2

m q

59 753.' 6

637.9

407.5

61.127.125.3

181.734.393.914.2

164.724.759.611.9

92.5

88.961.721.040.727.226.63.64 6

8.437 228.8

129.565. 149 864.4

634.4318 8125 0193 8247 168 5

3.69 g.8

585.0

379 5

60 9173.3145 3

85.7

82 258.294 i3.5

8.4

m q

57 453.9

644.2

408.8

58.924.625.7

182.434.494.414.4

167.524.760.712.1

97.4

90.063.321.841.426.726.2

7.47.9

8.638 129.6

129.464.148 565.3

636 8316 9122 0195 0251 168 8

7.44 42 9

587.2

378 9

58 8173.1146 9

90.2

82 859.293 6

7.4

8.0

110 1

56 154.0

660.8

418.9

65.130.126.0

184.534.695.414.4

169.324.761.612.2

103.8

94.466.723.643.127 727.29.59 4

6.435 128.7

131.664.448 267.3

651 4324 3127 7196 6254 3

72 7

9.57 42 1

600 3

387 1

64 8174 2148 1

95.9

86 662 324 49.3

5.7

m e

56 255.3

672.9

426.8

64.429.226.2

189.435.697.815.2

173.025.462.712.7

103.7

96.067.924.643.328.127.57.66 7

8.240 532.3

134.365.649 168.7

665 3331 2128 8202 4259 8

74 3

7.66 41 2

607.8

392 2

64 2177.6150 4

95.3

88 063.424 57.3

7.1

113 ^57 355.9

686. 5

435.0

66.730.227.3

191.436.098.715.3

176.926.063.613.0

106.7

98.070.224.445.827.827.38.77 2

7.140 133.0

137.767.550 770.2

677 8338 8134 3204*4265 1

73 9

8.76 72 1

618.2

398 9

67 2178.5153 1

97,9

89.465.523 98.5

6.4

115 058 356.7

704.4

445.2

68.029.928.8

197.037.5

101.615.7

180.226.364.713.4

111.9

101.573.926.847.127 627.010.49 0

6.140 334.2

141.269.852 571.4

694 0348 4137 9210 5268 8

76 9

10.44 75 7

631.2

406 5

69.2182.5154 8

102.2

91.968.423 510.2

6.0

116 659 357.3

721.2

455.6

70.331.429.6

201.939.4

103.315.8

183.426.566.013.5

114.5

105.677.028.548.528.628.08.98 5

6.041.735.6

145.071.954.673.1

712.3357 o141 8215 2275 579 8

8.95 83.1

640.5

412 8

72.2184.1156.5

103.5

95.070.824.38.5

5.9

118 360.457.9

732.3

460.1

67.128.529.2

205.639.7

104.816.1

187.427.167.113.9

118.5

106.278.227.950.328.027.412.312 1

4.741.937.3

149.074.057.175.0

720.0359 3140 6218. 7282 1

78.6

12.39 03.3

643.5

412.2

68.5185.8157.9

106.3

94.771.323.411.6

4.6

120 46l!958.5

745. 3

469.9

70.230.130.7

208.141.1

105.516.1

191.527.668.214.2

115.0

105.180.327.752.624.824.39.9

10.4

4.243.439.2

156.279.062.077.2

735.4369.7148.7221.0289.9

75.8

9.99.5.5

649.9

418.3

71.6187.1159.6

102.5

93.573.020.59.1

4.2

124 965.559.4

759. 3

474.1

69.629.830.7

209. 240.8

105.416. 6

195.327.769.514.5

120.0

103.581.627.354.421.921.316.417.6

4.143.639.5

161.181.765.579.4

742.9374.2151.7222.5296. 272.5

16.411.94.6

657.2

418.5

70. 6187.1160. 8

106.4

91.273.317.915.2

4.1

128 367.660. 7

764.3

482. 2

68.127.631.1

214.742.6

107.417.1

199.327.870.614.9

109. 0

103.581.628.752.921.921.35.55.8

4.945.140.2

168.286.268.882.0

758.8

5.5

657. 2

r Revised. v Preliminary. f Revised series.product and personal income have been revised (see

Estimates of national income andp. 11 ft of the July 1966 issue of the

SURVEY); revisions prior to May 1965 for personal income appear on p. 18 ff . of the July 1966issue of the SURVEY. 9 Includes data not shown separately.

s-l255-322 O - 67 - 3


S-2 SURVEY OF CUKRENT BUSINESS April 1967

Unless otherwise stated statistics through 1964and descriptive notes are shown in the 1965edition of BUSINESS STATISTICS

1964 1965 1966

Annual total

1964

II III IV

1965

I II III IV

1966

I II III IV

1967

I P II

GENERAL BUSINESS INDICATORS— Quarterly Series— ContinuedNATIONAL INCOME AND PRODUCT— Con.Quarterly Data Seasonally Adjusted at Annual Rates

Compensation of employees, total doWages and salaries, total do

Private doMilitary - doGovernment civilian do

Supplements to wages and salaries doProprietors' income, total 9 do

Business and professional 9 doFarm --do

Rental income of persons doCorporate profits and inventory valuation adjust-

ment total bil $By broad industry groups:

Financial institutions _. _ _ d oNonfmancial corporations, total do

Nondurable goods industries d o _ _ _ _Durable goods industries do._--

Transportation, communication, and publicutilities - bil. $..

All other industries do

Corporate profits after tax doDividends doUndistributed profits do

Inventory valuation adjustment do

DISPOSITION OF PERSONAL INCOMEfQuarterly Data Seasonally Adjusted at Annual RatesPersonal income, total bil. $'__Less: Personal tax and nontax payments doEquals: Disposable personal income do jLess* Personal outlays© doEquals* Personal saving§ _ _ do

NEW PLANT AND EQUIPMENTEXPENDITURES

Unadjusted quarterly or annual totals:All industries bil. $

Manufacturing _ doDurable goods industries -doNondurable goods industries do

Mining doRailroad . - d o _ _ _Transportation, other than rail _ _ d oPublic utilities doCommunication _ doCommercial and other _ . _.do _.

Seas. adj. qtrly. totals at annual rates:All industries _ do _

Manufacturing doDurable goods industries doNondurable goods industries do

Mining doRailroad doTransportation other than rail doPublic utilities doCommunication doCommercial and other do

U.S. BALANCE OF INTERNATIONALPAYMENTSd*

Quarterly Data Are Seasonally Adjusted(Credits -f ; debits -)

Exports of goods and services (excl. transfers undermilitary grants) mil. $__

Merchandise, adjusted, excl. military.-. _ _ - d o - _ _Military sales. _ _ - __ . -do ._Income on U.S. investments abroad . doOther services _ _._ _ _ - -do ..-

Imports of goods and services do ._Merchandise, adjusted, excl. military doMilitary expenditures doIncome on foreign investments in the U.S.. doOther services do

Unilateral transfers, net (excl. military grants);transfers to foreigners (— ) mil. $

Transactions in U.S. private assets, net; increase(— ) mil. $

Transactions in U.S. Govt. assets, excl. officialreserve assets; increase (— ) mil. $

Transactions in U.S. official reserve assets, net;increase ( — ) mil. $

Transactions in foreign assets in the U.S., net (U.S.liabilities)4 increase (+) mil. $

Liquid assets... do__ .Other assets . _. .. _ _ _do_ .

Unrecorded transactions doBalance on liquidity basis — increase in U.S. official

reserve assets and decrease in liquid liabilities toall foreigners; decrease ( — ) mil. $

Balance on official reserve transactions basis — in-crease in U.S. official reserve assets and decrease inliquid and certain nonliquid liabilities to foreignofficial agencies' decrease ( — ) mil $

517.3365.7333.6269.311.752.632.051.939.912.017.7

66.6

8.458.239 414.517.9

10.415.467.028.438.717.321.3-.415.5

496.059.4

436.6412.124.5

44.9018.589.439.161.191.412.386.224.30

10.83

36, 95825, 297

7475,3925,522

-28,468-18,621-2,834-1,404-5.609

-2,765

-6,523

-1,674

171

3,3122, 627

685" -1,011

-2,798

559.0392.9358.4289.112.157.134.555.740.715.118.3

74.2

8.965.337.815.722 1

11.116.4 j75.731.244.519.225.3

-1.517.8

535.166.0

469.1443.425.7

51.9622.4511.4011. 051.301.732.816.944.94

11.79

610.1433.3392.3314.8

14.662.841.057.841.816.018.9

80.2

10.070.2

'41.017.323.8

11.917.282.333.948.420.9

'27.4-2.120.0

580.475.1

505.3478.3

27.0

60.6326. 9913.9913.001.471.983.448.415.62

12.74

38,99326, 276

8445,9015,972

-32, 036-21,488-2,881-1,646-6, 021

-2,794

-3, 690

-1,575

1,222

309115194

-429

-1,337

-1,30,

v 42, 910p 29, 180

P908r> 6, 180P 6, 642

p-37, 61p-25, 50p-3, 649p-1,868p-6, 590

p-2,907

p-3, 91

p-1,48-

P568

P3.02i p85! P2.168! P -58

ip-1,42

I P 2 7

513.7362.2330.6267.111.651.931.752.239.912.217.6

66.5

8.558.132.414.617.7

10.215.566.828. 338.517.321.3-.315.1

492.056.9

435.1408.5

26.6

11.114.532.302.23.29.36.63

1.581.102.61

43.5017.809.008.801.151.252.256.304.30

10.45

9,0016,092

1861,3691,354

-7, 032-4, 579

-725-344

-1,384

-717

-1,385

-350

303

33224983

-152

-552

-326

522 9369.8337.4272.311.753.432.451.940.311.717.8

67.8

8.459.333.014.618.4

10.615.767.828.739.1 i17.421.7

.015.7

500.359.1

441.2418.422.8

11.544.672.372.30.30.37.59

1.711.062.84

45.6518.859.609.201.201.502.406.304.40

11.00

I

9,3086,389

1621,3681,389

-7, 196-4,752

-686-349

-1,409

-694

-1,589

-415

70

719547172

-203

-617

-231

' Revised. p Preliminary,i Estimates for Jan. -Mar. 1967 based on anticipated capital expenditures of business.2 Estimates for \ptv.Tnne 1967 based on anticipated canital expenditures of business.

Anticipated expenditures for the year 1967 are as follows (in bil. $) : All industries, 63.00; manu-facturing, total, 27.94: durable goods industries, 14.64; nondurable goods industries, 13.30;mining, 1.58; railroad, 1.48: transportation. 3.94; public utilities, 9.15; commercial and other(incl. communication), 18.91. 3 Includes communication.

528. 5375.3342.2275.911.954.333.152.240.311.917.9

66.8

8.658.132.214.717.5

10.515.567.728.639.017.721.4-.916.3

507.560.9

446.6420.026.6

12.845.592.832.76.33.35.64

1.761.173.01

47.7520.1510.1510.001.301.552.606.354.40

11.40

9,5376,660

2011,2531,423

-7,390-4,901

-683i -372-1,434

-671

-2, 189

-618

-15

1,841,53

31-36

-1,38

-84ts91e

sum

tfDec

543.3381.7348.2281.211.855.233.553.340.512.918.1

73.2

8.564.637.415.521.9

10.716.574.530.743.818.125.7

-1.316.9

518.064.9

453.2430.322.8

10.794.542.252.28.29.39.58

1.321.082.59

49.0020.7510.4010.401.251.752.556.804.55

11.30

8,7765,625

2001,5611,390

-7,164-4, 656

-664-373

-1,471

-662

-1,605

-367

842

18C-145

32£C

-69'

-61?ae correstncludesPersonalers, andersonalMore co

ssues c

552.2387.8353.7285.811.756.334.155.940.415.518.3

72 7

8.764.036.715.521 2

10.916.474.530.743.818.825.0

-1.817. 5

527. 666.6

461.0438.6

22.4

12.815.472.762.70.33.44.77

! 1.711.242.85

50.3521. 5510.8010.701.301.552.706.854.80

11.60

10, 1366, 798

2291,6161,493

-8, 087-5,481

i -701i -404-1,501

-768i

-346

-469

68

-425-294-131-109

226

5 23£pondinginventoroutlays

personalsaving ismplete d)f the Su

562.7395. 6360. 8291.112.057.734.856.740.716.018.4

74.0

8.965.037.415.521.9

11.216.475.030.944.119.524.6-1.018.1

541.965.7

476.2447.129.0

13. 415.732.912.82.32.44.72

1.881,223.10

52.7523.0011.7511.251.251.703.006.755.05

11.95

|

10, 0166, 826

1991,4701,521

-8, 245-5, 595

-745-411

-1,494

-719

-827

-268

41

242493261

-240i

-534

! 232not? on py valuatcompristransferexcess ofetails areR V E Y .

577.8406.5370.8298.513.059.335.757.141.116.018.5

76.9

9.567.539.616.423.2

11.516.478.732.446.320.226.1

-1.818.7

552.866.7

486.1457.628.5

14.956. 723.483.24.35.46.73

2.041.413.25

55.3524.1512. 4511.701.351.953.007.305.30

12.25

10, 0657,027

2161,2541,568

-8,540-5,756

77]-458

-1,555

-645

-912

-471

27

316

25-8

-33

i-1,15

. S-l.on ad jus

3 personspaymentdisposabgiven n

595.7419.6380.0305.913.660.439.658.441.417.018.7

80.0

9.470.641.917.224.7

11.317.482.734.148.720.927.8-2.819.1

564.669.5

495.1468.426.7

12.775.612.872.74.33.40.75

1.601.262.83

58.0025.6013.1512.45

1.401.753.308.255.35

12.35

10, 4807,154

1981,5321,596

-8, 898-5, 980

-854-436

-1,628

-852

-928

-341

424

409120289

-294

-544

-234

tment.1 consul

3 to foreie incomthe qua

604.1427.9387.4311.514.161.840.557.941.616.318.8

79.9

9.870.040.617.223.4

12.017.482.834.148.721.127.6

-2.919.6

573.573.6

499.9473. 326.6

15.296.783.513.27.40.55

1.002.091.423.06

60.1026.8013.8512.951.552.003.508.305.50

12.45

10, 5587,098

2601,5751,625

-9, 175-6,220

-899-437

-1,61S

-736

-1, 094

-452

68

1,02654

972-195

-122

-20:

nption egners.e over perterly re

613.8438.3396.7318.015.063.741.557.341.915.418.9

79.1

10.169.039.517.022.5

12.217.281.933.748.221.127.1

-2.820.2

585.277.4

507.8483.3

24.5

15.576.843.543.30.37.48.82

2.361.363.33

61.2527.5514.3513.201.451.853.408.555.60

12. 85

10, 9437,426

2151,5851,717

-9,737-6,63?

-934-510

-1,654

-698

-748

-376

8*

361118243173

-20C

951

xpenditu

rsonal 01views in

' 626. 7447.5405. 0323.915.865.242.557.542.315.219.1

r81.7

10.571.242.017.624.4

12.117.0

'81.8'33.7'48.1

20.7' 27. 4

.021.0

598.379.8

518.4488.0

30.4

17.007.754.073.68.38.55.86

2.361.583.52

62.8027.7514.5013.251.452.353.508.505. 95

13.30

plO, 929p 7. 502

p235p 1, 488p 1, 704p-9,80"p-6, 66p-96p-48p-1,6

P-62

pl ,14

P-31

p l , 2 2p56-P 66

p — 27J

p -55

> p —2'

res, inte

itlays.the Mar

456.1411.8328.316.367.144.357.442.614.819.3

21.5

— . 621.6

610.181.2

528.9496.432.5

13.836.063.162.89.35.38.78

1.84

3 4. 42

i 62. 6027.6014.4513.151.501.653.509.30

s 19. 10

2 15. 847.003. 603.39. 40.37

1. 132. 40

3 4.55

2 62. 2527.7014.2513.45

1.551.353.959.50

3 18. 20

|

•est paid by con-

, June, Sept., and


April 1967 SURVEY OF CURRENT BUSINESS S-3


1965 j 1966 *

Annual

1966

Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.

1967

Jan. Feb. Mar.?

GENERAL BUSINESS INDICATORS—Monthly Series

PERSONAL INCOME, BY SOURCEf

Seasonally adjusted, at annual rates: fTotal personal income bil. $

Wage and salary disbursements, total doCommodity-producing industries, totaLdo

Manufacturing doDistributive industries _.do

Service industries doGovernment _ do

Other labor income doProprietors' income:

B usiness and professional T . do ..Farm do

Rental income of persons.. . .._ _ _ _ _ d o _ _Dividends doPersonal interest income _ _ d oTransfer payments. _ _ -doLess personal contributions for social insurance

bil. $__

Total nonagricultural income _ - do _

FARM INCOME AND MARKETINGS*

Cash receipts from farming, including Governmentpayments (48 States), total t mil. $

Farm marketings and CCC loans, total doCrops doLivestock and products, total 9 - _do_

Dairy products _ do_ __Meat animals doPoultry and eggs do

Indexes of cash receipts from marketings and CCCloans, unadjusted:!

All commodities 1957-59 = 100Crops _ - do.Livestock and products do

Indexes of volume of farm marketings, unadjusted: JAll commodities _ 1957-59 = 100--

Crops doLivestock and products -do

INDUSTRIAL PRODUCTION cf

Federal Reserve Index of Quantity Output

Unadj., total index (incl. utilities) rf1- 1957-59 =100-By industry groupings:

Manufacturing, total - - do -Durable manufactures doNondurable manufactures do

Mining _ _ _ _ d o _ .Utilities do

By market groupings:'Final products, total. _ _ . _ . . . do

Consumer goods _ doAutomotive and home goods. ... - d oApparel and staples do

Equipment, including defense do_

Materials doDurable goods materials _ _do_N endurable materials do

Seas, adj., total index (incl. utilities)^ do ...By industry groupings:

Manufacturing, total do

Durable manufactures 9 doPrimary metals do

Iron and steel doNonferrous metals and products do

Fabricated metal products . doStructural metal parts do

Machinery doNonelectrical machinery . ... doElectrical machinery do

Transportation equipment 9 doMotor vehicles and parts... doAircraft and other equipment.. do.. _

Instruments and related products _ doClay, glass, and stone products doLumber and products doFurniture and fixtures _ doMiscellaneous manufactures do

Nondurable manufactures doTextile mill products... doApparel products doLeather and products doPaper and products do

535 1

358.4144.3115 586.7

58 169.218 5

40. 715 1

18.319 238.439.7

13.2

515 6

41, 639

39, 1871 7, 33421,853

5,07012,9433, 527

122126118

119120118

143.4

145.0148.4140.8114.8160.9

142.5140.3159.9134.1147.0

144 2144.3144 1

143.4

145 0

148 4137.6133.6152.2147.8145.4

160 5160.4160 6149.2175.2125.3

151 4133.5117 4157 4146.0

140 8134 9145 1108 .2142.3

580.4

392. 3158.2127. 293.2

63. 577.420.8

41.816.0

18.920. 942. 844.6

17.6

559. 7

46, 151

42, 87918,21324, 6665,592

14, 7264,027

133132133

120120120

156.3

158.7165.1150.7120. 3173.4

155.4147.4166.5141.4172. 6

157.1157.4156.9

156.3

158.7

165.1142.7136.2166.516?. 8158.8

183 8181.9186.5168.3171.3165. 2

176. 5140.7119 3171 9157.9

150 7142.3150 3

i 111.91 152. 1

564 7

380.1153.9123 390.9

61 274.120 0

41.317.0

18.721.041.042.6

16.9

543.0

3,032

2, 865998

1,867409

1,131290

10787

121

9379

103

152.3

154.4160.6146.6117.0

151.7145.7171.3137.6164.6

152 7152.3153.3

152.4

154 7

160.7138.3129.1172.5161.6158.9

176 4174.4179 2164.1175.5153.1

169.4142.2126 5167 7155.3

147 3140 7148 4109.7148.5

569 0

382.9155.4124.091.4

61.774.520.2

41.517.3

18.720.941.442.9

1 6. 9

547.0

3,164

2,990845

2,145470

1,306333

11174

139

9461

119

154.6

157.1163.9148.6118.7

153.4146.7172.7138.5167.8

155 7155.9155.6

153.7

155.9

161.9141.8136.7174.5161.7158.9

176 1174.0178.9166.1176.9155.8

171. ,9143 .0129.3168.8156.8

148.5142.0149 4112.2150.2

570 5

384.7156.0125 291.5

62.075.220 4

41.516 7

18.721.04 1 . X42.0

17.0

549.1

2,951

2, 832845

1,987465

1,169310

10574

129

8853

115

154.8

157.9164.9149.2115.5

152.6145.5173.1136.7167.9

156.7158.3155.0

153.9

156.6

162.9142.4138.8166.0161.4159.1

178.6174.5184.1165.9176.1156.4

174.6141.9130 7169.6157.2

148.7143,5150 3115.5150.2

573 0

387.0156.8125 991.9

62 575.920 6

41.616 3

18.821 242.142.5

17. 1

551.9

2,818

2,778773

2, 005488

1,165309

10367

130

9050

119

156.0

158.9166.1149.8121.3

152.9144.8169.9136.9170.3

158.7160.0157.4

155.3

157.6

164.2146.5141.1165.0162.9158.4

180.6177.7184.4165.8169.9161.9

176.4139.5122.7173.8159.5

149.4143.7149.9112.1153.0

577 2

390 5158.1127 092.8

63.076.620 7

41.715 9

18.821.142.343.2

17.2

556.5

3,234

3,2041,2341,970

4711, 157

313

119108128

10996

119

159.3

162.2169.0153.8122.7

157.8150.0172.0142.9174.6

160.7162.4159.1

156.5

158.9

165.4148.0142.1166.2161.8158.8

182.8180.3186.0167.1169.4164.7

176.5141.0122 .9174.6159.3

150.7144.0152.0114.2154.1

580 0

393. 7158.2127 193.6

64 078. 090 9

41.815 5

18.921 142.643.5

17.9

559.8

3,405

3,2761,4231,853

4691,048

318

122124120

111111111

150.9

152.1158.2144.4118.2

150.0139.8142.4139.0172.0

151 8152.1151.4

157.2

159.4

166.1148.6143.3162. 4162.1157.7

186.6184.7189. 1166. 0161.2169.6

177.0138.5119.91 69. 7157.2

151.3143.4149 7111.1156.2

585 4

397. 0159.8128.993.9

64.578.821.1

41.915.4

18.921.043.145.1

18.1

565.4

4,579

3, 6331,4622, 171

4641,323

368

135127141

120113125

156. 8

158.0160.4155.0123. 6

154.7146.0132. 0150.4173.5

158 7158.4159.0

158.0

160. 1

167.1148.7142 2162. 1161.4158.8

189.6186.7193.4166.0158.1172.5

177.4140.5111.3175. 3158.7

151.3142. 1147 7110.4153.1

590 0

399.5160.7129 694 4

64 979.521 3

42.015 3

19.021. 243.846.0

18.2

570.1

5,009

4,0441,8082, 236

4671,374

380

150158145

133140128

161.3

163 6169 5156 3122 8

161.2153 6165.8149 6177.8

161 3162.7159 9

157.7

160 0

167.3146.4139. 0164.7163. 0158.6

188.8188.6189.2168.3164.6171.1

179. 5141.2110. 0173.2158.4

150.9141.7148.4109.9151. 2

594 4

402.3161.5130.795.1

65.480.221.5

42.115. 1

19.021.244.347.2

18.3

574.6

5 608

5,1222 7752,347

4851 462

386

191242152

172219138

163.8

167 1173 2159 6124 3

164 7157 8184 9149 2179 4

163 1163 5162 6

158 9

161 5

169 1145.0137 5168.2164 2159.0

191 1189 9192 6174 6175 7173 7

181 8137 8111 3173 2157 2

151 9142 4148 1113 9153. 3

598 5

405.1162.4131.495.8

65.881.021.7

42.215.2

19.121.244.847.8

18.5

578.6

4,877

4,7842,6382, 146

4681,283

383

178230139

170225129

160.2

163.3170.2154.8121.5

160.0151.3176.9143.2178.7

160 4159.6161.2

158.6

161.0

167.3138.4132.4161.7164.7160.2

189 0188.2190 1172.9170.7174.6

181.4136.5109 5173 9158.5

153 1141.8149 3iio.s153.7

601 8

407.5162.9131 496.5

66 281.921 9

42.415 4

19.219 845.348.9

18.6

581.7

3,774

3,7171,7012,016

4951,157

342

138148131

130143121

' 157. 1

r 159. 2168.3147.7122.1

157.2145.5168.7138.1182.4

157 0155.4

r 158. 6

159.0

161 3

167.6136. 2130 1

r 163. 5T 168. 7

161.4

189 5190.4188 3171.5169.0173.7

184 6136.9112 8174 0160.9

153 5r 141.4T 150 5' 111.1

152.6

607 5

410.7163.9132.297.5

66.782.72'? 2

42.715.2

19 221.345.750.0

19.7

587.5

3,655

3,5921,5772,015

5041,175

299

134137131

124132118

* 156. 6

158.0* 164. 7' 149. 7r 121. 7

r 156. 7' 145. 6r 159. 3

141.2r 180. 7

156 5r 152. 9T 160 3

' 158. 2

160 2r 165 7T 133. 2r 124 9r 162. 9

166 7' 160. 7r 189 4T 191 0r 187 3T 164 6

151.5* 176. 0r 186 2

137.0r H5 7

»• 172 1r 160. 3

r 153 3r 138.8

148 4107.9

' 154. 0

r 609 7

411 2163.0

r 131 197 7

r 67 283 522 5

T 42 6r 14 8

19.321 5

T 46 0r 51 5

19.7

r 590 0

9 917

2,705891

1 814461

1 051264

10178

118

9372

108

* 156. 0r 157 7T 162 8r 151 4T 121 7

T 156 1r 145 1r 156 2r 179 8

r 15(5 1

r 150 6161 7

r 156 1

r 158 o

T 162 8132.0

r 123 7163. 0

T 164 9' 160. 6

r 185 7

r 187 0r 184 0r 158 9

140 6r 174 7

r 183 6r 136 9

115 8170 6

r 157 0T 151 9

136 7

151.5

613 1

413 4163.4131 697 9

67 884 392 8

42 514 5

19.421 746 352 2

19.8

593 5

157.5

159 7165 1152 9121. 6

157.3146 0160

181 6

157 715416°

156 4

158 3

163 1131123

164161

184185183164149177

187136

168155

152. 4

r Revised. "Preliminary, t See corresponding note on p. S-l. J Revised series. Dollarfigures and indexes of cash receipts and volume of marketings revised beginning 1963; dataprior to May 1965 appear in the Dept. of Agriculture publication. Farm Income Situation,

July 1966. 9 Includes data for items not shown separately. cf1 Revised beginning Jan.1964 to incorporate new data and to reflect use of new seasonal factors; revisions for mouthsprior to Sept. 1965 will be shown later.


S-4 SUEVEY OF CUKRENT BUSINESS April 1967


1965 1966 v

Annual

1966


1967

Jan. Feb. Mar.p

GENERAL BUSINESS INDICATORS—Continued

INDUSTRIAL PRODUCTIONd*— Continued

Federal Reserve Index of Quantity Output—Con.

Seasonally adjusted in dexesd*— ContinuedBy industry groupings— Continued

Nondurable manufactures— ContinuedPrinting and publishing 1957-59 = 100__

Newspapers doChemicals and products do

Industrial chemicals doPetroleum products do- .

Rubber and plastics products _ , _ . doFoods and beverages do

Food manufactures doBeverages.. _ . _ _ - d o

Tobacco products do

Mining doCoal doCru de oil and natural gas do

Crude oil doMetal mining doStone and earth minerals do .

Utilities _- doElectric ._ . do _Qas do

By market groupings:Final products, total d" do

Consumer goods _ doAutomotive and home goods. _ do_ -_

Automotive products doAutos d o _ _ -Auto parts and allied products do

Home goods 9 _ _ _ _ doAppliances, TV, and radios doFurniture and rugs do

Apparel and staples doApparel, incl. knit goods and shoes doConsumer staples. _ _ do. _

Processed foods do

Beverages and tobacco do_.Drugs, soap, and toiletries doNewspapers, magazines, books.. _doConsumer fuel and lighting do

Equipment, including defense 9 _ _ _ _ doBusiness equipment do

Industrial equipment doCommercial equipment __ _ - d o _ -Freight and passenger equipment.. doFarm equipment _. _ do

Materialscf doDurable goods materials 9 do

Consumer durable doEquipment ... _ ._ _ do._Construction ... . _ . _ _ -do ._

Non durable materials 9 _. . do._Business supplies _ do

Containers doGeneral business supplies . do

Business fuel and power 9 _ . do.Mineral fuels doNonresidential utilities _ do _

BUSINESS SALES AND INVENTORIES §

Mfg. and trade sales (seas, adj.), totalft mil. $..

Manufacturing, total doDurable goods industries doNondurable goods industries do

Retail trade, totalt doDurable goods stores doNondurable goods stores ._ . do

Merchant wholesalers , total t doDurable goods establishments _ _ _ do_ _Nondurable goods establishments do

Mfg. and trade inventories, book value, end of yearor month (seas, adj.) , total J mil. $

Manufacturing , total doDurable goods industries . do .__Nondurable goods industries. _ ., do

Retail trade, totalf. - - doDurable goods stores doNondurable goods stores do

Merchant wholesalers, total J doDurable goods establishments doNondurable goods establishments.. . _ _ do. .

r Revised. p Preliminary. 1 Based on unadion p. S-3.

9 Includes data for items not shown separately.§The term "business" here includes onlv manufa

as shown on p. S-l cover data for all tvpes of pro<

130.3124 9

173.4196.3123.5

171.8123.712'? 3130.6120.3

114.8113.31 ] 2. 3111.9124 2126.5

160.9165.6146.2

1 42. 5140.3159.9

167.2182 6146.8154.8152.3154.3

134.1134.5134. 012? 2

127. 2157 0127.0149.4

147 0156.7153.1164.4162.4148.8

144.2144.3166.8151.9133.8

144.1136.4136.6136.4

127.9115.5159.4

1 954,336

1483,343252, 242231, 101

i 283,85293. 718

190, 134

U87.14182, 691

104, 450

120,896

68, 01542, 32425, 69134, 60715,19419. 41318, 27410,5757,699

isted dat

cturing ailucers, be

142.2134. 2193. 0220.1128. 4

191.9128.4126.6137.8119.8

120. 3115. 2118.0119.4132.7133.5

173. 4179.7153.6

155.4147.4166. 5

163. 0169. 5154.4168. 9166. 6165.7

141.4139. 6141.8126. 4

131.7174 4136. 6159.4

172 6181.2172. 2190. 0208. 5167. 0

157.1157.4170. 3180.7141.6

156.9148.9145.4150.7

136. 3122 2173^ 5

11,035,871

1 528, 448276, 069252, 379

1 303, 67297, 812

205, 860

1 203, 75191, 026

112,724

135, 549

77. 89750. 03727, 86036, 96116, 53620, 42520, 69112,112

• 8, 579

i. d* 3

id trade;)th farm c

138.6131.4185.5210.7125.5

184.7126.8125.6133. 4126.7

117.7111.2115.0115.1130. 8135.6

168.7174.2151.4

152.1146.1166.6

167.9177.8155.0165. 7160.5164.0

139.2138.7139.4125.8

131.1167 °133.6155.3

164.8174.0166.1180.8198.9158.0

152.6152.6173.6170.0143.6

152.1144.4143.5144.9

131.8118.1167.1

84,530

42, 70222, 43320, 269

25,0498,185

16, 864

16,7797,5389,241

122,542

69, 04042, 88426, 15634, 92215, 42419, 49818, 58010, 809

7, 771

>e corresp

businessind nonj

139.8133.1187.8213.7125.6

184.5127.5125.7137.0126.8

120.0117.71 1 6. 5117.0134.5137.1

168.8174.0152.3

152.5146.2166.6

170.0180.5156.2164.1156.2165.5

139.7140.4139.5125.2

133.6168.6134.2154.7

166.2175.4167. 4184. 2198. 9163.0

154.4155.6169. 1171.9146.1

153.1146.0145.2146.4

133.9120.5168.6

86, 991

44, 12123. 23820, 883

25, 5368,649

16, 887

17, 3347,8879, 447

123,630

69, 64843, 27326, 37535, 10115, 55119, 55018,88110, 9957,886

ending n

inventoarm. Un

138.6128.5187.7215.4127.7

186.91 27. 8126. 0137. 51 1 5. 8

115.685.3

117.0117.2139.7130.9

169. 1174.1153.3

152.9146.4168. 4

168.4178.9154.6168. 4166.7166.3

139.4141.4138.9125.1

130.2167.3134.1154.6

166. 9175.9167.3186.4201.3157.6

154.5156.7169.0173.6144.3

1 52. 3145.3142. 4146.7

130.8114.9170.6

85, 455

43, 54022, 70820, 832

24,9497,939

17,010

16,9667,7189, 248

124.700

70,34643,77926, 567

35, 34615,69019. 65619.00811,2097,800

ote

riesad-

142.1133.8191.4218.2127.4

184.3126.1124.41 35. 4117.9

120.7116.9119.1121.3133.61 27. 5

170.2175.5153.7

153.7146.2166.1

160. 7166. 0153.61 69. 9165.9169.1

139.8140.5139.7123.9

129.5173.4136.9155.8

169.8178.3168.51 90. 1204.9164.7

157.11 57. 7166. 0177.1141.8

156.5147. 8146. 1148.6

136.9123.8171.2

85, 426

44, 07122, 91521, 156

24, 4757,506

16, 969

16, 8807,6019, 279

126,179

71, 10344, 27526, 82835, 92716, 21319.714

19, 14911,2397,910

justedtSeeJRe

updatprior

144.1135.4192.7219.9127.7

184.1127.1125.5135.9122.7

122.0120.7119.3121.4134.2133.3

171.7177. 2154.1

154.9147.1165.8

162.3167.8155.2168.3163.9170.1

141.6141.6141.6126.4

131.5174.7138.5157.1

171.4180.0171.0191.0205.7168.2

158.0159.3165.2179.1142.3

158.01 50. 31 46. 4152.2

138.0124.9172. 2

86, 957

44,12522, 89821,227

25, 3948, 056

17,338

17,4387,6379,800

127,584

71,94945, 00326, 94636, 32516,41119, 91419,31011,318

7, 992

data forcorrespc

vised sered to refto Sept.

144 .8136 .3194.5222.0126 .9

188.7128.1126.4137.2116.5

122.0120.8119.2120.9134.0133.7

175.7182.4

155.3146.5162.5

154.5151.5158.6168.0165.5165.2

141.4139.0142.1126.0

130.2174.5138.9161.1

174.4182.7174.9189.8208.8167.5

158.8159.1162.8183.7141.0

158.6149.9143.2153.2

138.7124.6174.6

86, 678

44, 32723, 03121,296

25, 3628, 106

17,256

16, 9897,6079,382

128,714

72,95845, 79027, 16836, 31216, 33019. 98219,44411.3498. 095

manufamding nies. Th(lect infoi1965 app

145.3137. 7194.4222.2128. 5

190.3129. 2127. 0141.1119.9

122.1120. 7119.6121. 2132.1133. 8

179.0186.5

156.4147.1159. 6

146. 4141.7152. 7168.9165.0168.0

143.0139.1144.2127. 9

134.0175.4138.2165.0

176.4184.4176.3194.1208.1169.1

159. 6160. 1173.6187.9140.2

159.1150. 1143.4153. 4

138.9124.9175.9

86, 995

44, 20622', 87421,332

25, 5728,358

17,214

17,2177,7379,480

130,043

74,11046, 81427, 29636, 19116, 07920, 11219, 74211,5778, 165

Curing ar.e on p.3 panel oinationear on p

144.3139.1193.5220. 5130.6

193.6128.5127.0136.4120.5

121.0114.7119.6121.3128.6133.5

177.0184.2

156.3146.5159.7

150.7148.6153.5166.0159.3165.9

142.3138.8143.3127.9

131.0176.1136.7162.5

177.4185.7177.0194.8209.2178.9

159.2159.8174.0189.1139.8

158.6150.7147.4152.4

138.6123.7176.7

86, 775

44, 09122,97121, 120

25, 7038,394

17, 309

16,9817,5149,467

130,839

74, 88447, 56827,31636, 35516, 24120, 11419, 60011,4358,165

re showiS-ll.

f reportefrom thep. 26 f f .

144.1135.7196.9224.1131.2

199.2127.5124.9141.4116.9

121.6121.5119.5121.1129.4130.3

175.2181.7

158.3148.8169.4

168.5177.8156.2170.0170.2164.4

142.2139.0143.2126. 0

133.1178.7137.9161.9

178.8187.2178.4195.5212.7180.3

159.9159.8176.2189.7138.5

159. 9151.6145. 3154.8

138.7124. 9174.8

87, 066

44, 48723,45121,036

25, 5508,276

17,274

17, 0297,5749,455

132, 392

75, 78848, 35227, 43636,68016,49620, 18419, 92411,7228,203

i on p. S

rs in the1963 Cei

af the N(

144.7135.2199.4227.5129.1

202.0129.7127.6141.1117.2

121.0114.0119.3120.8133.0133.4

176.9183.9

158.5148.8166.5

162.8166.7157.8169.1165.3164.7

143.3139.8144.2127.3

133.0181.3138.8162.4

179.6187.5178.1196.9216.9170.7

159.1158.5173.8191.0138.5

159.9150. 9147.2152.8

138.0123.1175.7

86, 699

44, 39323.23721,156

25, 6108,143

17,467

16, 6967,3729,324

133,856

76, 89649, 31027, 58636, 73416,58120, 15320, 22611,8358, 390

-5; those

Censusisus of \DV. 1966

143.7133.2198.7228.8

' 129. 0

'201.6132.0130.3

T 141.0119.3

123.0125.2

'119.0120.8

' 134. 2139.3

r 177. 7183.4

' 159. 2* 149. 1' 164. 9

162. 6167.3156.4

' 166. 5158.4163.5

r 143. 7' 139. 1' 145. 0

130.1

- 133. 7178.5139.1

' 162. 0

' 181.0189.3179.1196.0220.3179.5

r 158. 9' 156. 4

165.4190.3138.2

' 161.4' 153. 0

151.1' 154.0

' 139. 7' 125. 1' 177. 5

87, 875

45, 51123, 71521, 796

25, 3688,156

17,212

16, 9967,5399,457

135,549

77, 89750, 03727, 86036, 96116, 53620, 42520,69112, 1128, 579

for retai

3ureau ^WholesaleS U R V E Y .

r 145. 5133.7

' 199. 2230.1

' 128. 6

201.0* 131.9' 130. 4

140.2118.5

* 123.4120.7

'119.9* 122. 3r 140. 3' 138. 7

' 179. 6185.7

' 158. 1' 147. 7' 157. 8

' 147. 0141.3

' 154. 4r 165. 4r 154. 3' 163. 4

143.9138.7

r 145. 4r 130. 4

132.9' 179. 0^141.5

161.7

' 180. 5' 187. 8' 178. 0r 196. 7' 214. 5

176.1r 158. 3' 154. 3r 154. 5r 190. 6' 138. 7r 162. 5' 153. 7' 146. 4' 157.4

r 140. 6'125.3

179.7

'87, 386

'44,460'23,060'21,400

25, 687r 8. 200

'17,487

'17,239' 7, 501' 9, 738

'136,590

'78,886' 50, 620'28,266'36,92416, 491

' 20, 433'20,780'12,140' 8,640

1 trade o

•holesaleTrade;

' 146. 2134.8200.0

126.9

r 122. 4'115.7'119.5' 120. 3

141.1138.6

' 178. 0

'156.0' 144. 9

151.5

135.9' 120. 5

156 2162.4152.6159. 0

145.4

180.3142.9

' 179. 6186.1177.0197.1212.8

' 156. 2152.2148.0186.4140.2

' 160. 3152. 5146.4155.6

139.0' 123. 4

86, 609

43, 93522, 67421,261

25,6368,001

17, 635

17,0387,5339, 505

136,628

79, 29751, 02428, 27336, 62716, 31520, 31220, 70412, 0568.648

n p. S-l

samplecompara

147

122.9115120121

178.0

156.7145.8155

145137

146

180.0186

156.2152

160

139124

.

:ias beenble data


April 1967 SUEVEY


1965 1966

Annual

OF CURRENT BUSINESS s-5

1966


1967

Jan. Feb. Mar.

GENERAL BUSINESS INDICATORS—ContinuedBUSINESS SALES AND INVENTORIES— Con.

Inventory-sales ratios:Manufacturing and trade totalt t ratio

Manufacturing total doDurable goods industries..- . do

Materials and supplies doWork in process doFinished goods do

Nondurable goods industries doMaterials and supplies doWork in process doFinished goods do

Retail trade totalt doDurable goods stores doNondurable goods stores do

Merchant wholesalers totalt doDurable goods establishments doNondurable goods establishments do

MANUFACTURERS' SALES, INVENTORIES,AND ORDERS

Manufacturers' export sales:Durable goods industries (unadj ) total mil $

Shipments (not seas, adj.) total do

Durable goods industries, total 9 doStone clay, and glass products doPrimary metals do

Blast furnaces, steel mills . doFabricated metal products do

Machinery, except electrical doElectrical machinery doTransportation equipment do

Motor vehicles and parts doInstruments and related products do

Nondurable goods industries total 9 doFood and kindred products doTobacco products doTextile mill products,.. . _ . . . do _Paper and allied products doChemicals and allied products doPetroleum and coal products doRubber and plastics products do

Shipments (seas, adj.), total doBy industry group:

Durable goods industries total 9 doStone, clay, and glass products doPrimary metals do

Blast furnaces, steel mills doFabricated metal products do

Machinery, except electrical doElectrical machinery doTransportation equipment do

Motor vehicles and parts doInstruments and related products do

Nondurable goods industries, total 9 doFood and kindred products doTobacco products doTextile mill products doPaper and allied products doChemicals and allied products doPetroleum and coal products doRubber and plastics products do

By market category:Home goods and apparel - doConsumer staples do

Automotive equipment doConstruction materials and supplies doOther materials and supplies do

Supplementary market categories:Consumer durables doDefense products doMachinery and equipment do

Inventories, end of year or month:Book value (unadjusted), total... do

Durable goods industries, total... doNondurable goods industries, total do

By industry group:Durable goods industries, total 9 do

Stone, clav, and glass products doPrimary metals . do

Blast furnaces, steel mills doFabricated metal products do

Machinery except electrical doElectrical machinery. doTransportation equipment do

Môtor vehicles and parts do

1.46

1. 611.91.59.80.52

1.29.50.19.60

1.401.861.17

1.141.49. 87

9 941

483, 343

252, 24211, 75341,91022, 91624, 292

36, 49033 59368, 03945, 4128 347

231, 10180, 6784,864

19,31819, 38536, 03019, 17811,653

2 44, 9092101 3052 60 3002 50* 4032 37, 543

2 188, 883

2 19, 2832 27, 9652 47, 115

67, 62041, 83125, 789

68 015

42, 3241,6266, 3493,6784 856

8 5086, 0938,9303 3181 788

1.48

1.641.98.59.87.52

1.28.49.1959

1 421 971.16

1 141 49

85

11 437

528 448

276, 06911 92945 65123, 70726 024

40 20439 859

73 46046 4709 806

252 37987, 761

5 10420, 40721,77038 67620 517!•> 750

2 49, 6092 110 4512 67 8892 52 0452 38, 977

2 209 477

2 9] 219

2 33 2402 53 990

77, 39249, 43227 960

50, 0371,7467 1094 0435 314

9 949

7,65311,3693 5389 9-M

1.45

1.621.91.58.82.51

1.29.50.19.60

1 391 881.16

1.111.43

84

882

43,570

22,878885

3 7731,9192,110

3,3123 1936,4854,270

742

20,6927,234

4101,6721,7433,1451,6681 061

42,702

22,4331,0423 6431,8432 202

3,1793,1206 0493, 955

740

20, 2697,114

4331,6241,7103,1271,6381,051

3,9568 9615 3144 4103,361

16,700

1,7112, 5774, 192

69,44143,07026,371

69 040

42,8841,6436, 4863,7864 829

8 5756,2109, 0473 2761 Q99

1.42

1.581.86.56.81.49

1.26.49.19.59

1.371.801.16

1.091.39.83

983

45,218

23, 996976

3,9552,0762,203

3,5263,3326,6554,431

809

21, 2227,259

4301,7541,8103,4041,5971,113

44, 121

23, 2381,0783,7261,9302,288

3, 2853,2666,2434,096

803

20, 8837,257

4501,7291,7633,3261,6401,081

4,1409,1405 5294,5733,488

17,251

1,8172,6374,376

70, 04943, 59426, 455

69 648

43, 2731 , 6526, 5533,8134 779

8 6106, 3349, 1863 226i cm

1.46

1.621.93.58.84.51

1.28.49.19.59

1.421.981.16

1.121.45.84

934

44 918

23, 8691 0284 0742,1782 187

3 5063 2186 4964 280

794

21,0497,177

3981,6851,7703 4981,7221 124

43 540

22 708995

3 8032 0062 148

3,2263,2845 9393,844

800

20, 8327 255

4111,6701,7403,2601,7561 , 079

4,0809 0925 4534 2753,340

17, 300

1,7852,6384 301

70, 75544, 21926, 536

70 346

43, 7791,6626,5943,8174 754

8 6586, 4089,4813 2741 ««•*

1.48

1.611.93.58.84.51

1.27.49.19.59

1.472.161.16

1.131.48.85

984

44, 287

23, 5741,0203,9962,1082, 206

3,4403,1816,4154,118

790

20, 7137,245

4271,6621,7843,3651,6851,094

44, 071

22, 915932

3,7982,0122 129

3,2543,3136,1763,895

801

21,1567,340

4161,7231,7903,2141,7341,082

4,2049 1935 6264 3273,203

17, 518

1 7542,8324 353

71, 66844, 91026, 758

71 103

44, 2751,6886, 7003,8874 758

8 7566' 5529,4833 3141 Q39

1.47

1.631.97

59.86.52

1.27.50.19.58

1.432.041.15

1.111.48

82

956

46, 244

24, 6521,1144 0662,1042,332

3,6413,3966,6104,277

861

21, 5927,508

4651,7891,9293,4011,7481, 127

44, 125

22, 898979

3,8402,0122 144

3,3213.2306, 1143,908

813

21, 2277,334

4351,7041,8393,2601,7341,050

4,1899 1955 6054,3733,250

17, 513

1,7352,7304,375

72, 38045, 44426, 936

71 949

45,0031,6976, 7703,9174 782

8 9586,6889, 6343 2331 087

1.48

1.651.99.59.88.52

1.28.49.19.59

1.432.011.16

1.141.49.86

839

40, 412

20, 599990

3,5071,8812,006

3,0753,0654,9252,790

752

19, 8137,031

4321,4621,6992,9801,709

971

44, 327

23, 031940

4,0452,2102, 142

3,3633, 4965,7423,405

844

21,2967,274

4171,7171,8753,2371,7331,080

4, 2279,1995 7933,8573,181

18, 070

1,8032,8944,553

72, 68445, 63427, 050

79 958

45, 7901,6926, 7873,9114 837

9 0976,841

10,0063 3949 (Y>1

1.49

1.682.05.61.to.53

1.28.50.19.59

1.421.921.17

1.151.50. 86

881

43, 109

21, 4321,0743 7902,0072,263

3,1623 3154,4372,179

817

21,6777,411

4471,7911,9263,1871,7431 042

44,206

22, 874951

3 9222,0362 130

3,3643,3775 9153,550

851

21,3327 476

4251,7251,8783,2031,7181,064

4,1469 3735 7314 0313,165

17,760

1,7602,8494 510

73,77046,68027,090

74 110

46,8141,6986,9023,9664 916

9 3296, 998

10,3993 5379 AA9

1.51

1.702.07.62.91.54

1.29.50.20.60

1.411.931.16

1.151.52.86

990

46, 170

23, 7531,0753,9542,0672,341

3,4063,6685,8573,574

892

22,4177,787

4401,8451,9273,3751,7431,078

44, 091

22,971980

3,9192,0392,201

3,4223,4135,8453,569

833

21,1207,360

4301,6881,8433,1701,7281,043

4, 1629 3375 7534 0543,205

17, 580

1,7602,8224 559

74,41747,31927, 098

74. 884

47, 5681,6756, 9083,9935 048

9 5367,205

10, 5573 4899 inn

1.52

1.702.06.62.91.53

1.30.50.20.60

1.441.991.17

1. 171.55

87

1 003

46, 326

24, 1581,0753 8511,9812,232

3.4653 6416,5374.250

874

22, 1687,546

4181,8471,9083,3131,7941 109

44, 487

23, 451971

3 8391.9969 098

3,5593.4456 3894.033

847

21, 0367 220

4181,7041,8413, 2191,7811 , 029

4,1629 1385 9434 4943,086

17, 664

1 7882.8884 648

75. 29747, 99327, 304

7C 700

48. 3521,7036,9714. 0485 109

9 6657,383

10.7803 5189 1 r^n

1.54

1.732.12.63.94.55

1.30.49.20.60

1.432.041.15

1.211.61.90

1,016

44,711

23,425959

3, 7311,9012,142

3, 2703, 5406,5854,250

880

21,2867, 354

4331,7771,8603,0771.7331, 008

44,393

23,237979

3,8121,9832 180

3, 4683, 3866,2263, 853

856

21,1567, 334

4161, 7341,8783,1911,7391,036

4, 1969 263T 7974 3553,14617,636

1,8032,8644 546

76,38348,76427,619

"6 896

49,3101,7227, 0574,0775 214

q «527. 580

11,0913 5539 174

1.54

1.712.11.62.94.55

1.28.48.20. 60

1.462.031.19

1.221.61.91

1,114

43, 501

22, 982877

3,5751,7722,094

3,4493,4496, 4774,017

917

20, 5197,348

4171,6281,7822,9331,7531,039

45,511

23, 7151,0683,8931,9822,267

3,5833,3896,2683,899

845

21,7967,672

4261, 7521,9033, 2861,7191,111

4, 2269,5975 9464,3993,211

18, 132

1, 8222,9094,589

77, 39249, 43227, 960

77 897

50, 0371,7467,1094,0435 314

9 9427,653

11,3693 5389 914

'1.56

'1.77'2.20'.65'.98'.57

1.32.50.20.62

1.44'2.01' 1.17

'1.21'1.62' .89

'963

'41,626

'21,395'835

'3,632' 1, 889' 1,918

' 3, 169' 3, 149' 5, 822' 3, 713

'740

'20,231' 7, 085

'384' 1, 587' 1, 787' 3, 148' 1, 704'1,009

'44,460

'23,060' 1, 061' 3, 758' 1, 920' 2, 135

' 3, 492'3,463' 5, 881'3,568

'834

'21,400' 7, 381

'424' 1, 751' 1, 880' 3, 297' 1,688' 1, 079

' 4, 185' 9, 344'5 718' 4, 052' 3, 264

'17,897

'1,810' 2, 876' 4, 615

'78,881'50,433'28,448

'78 886

'50,620' 1, 772' 7, 140' 4, 088' 5, 272

'10 029' 7, 799

'11,717' 3, 608r 9 211

1.58

1.802.25.65

1.01.58

1.33.49.20.63

1.432.041.15

1.221.60.91

1,014

44, 812

23, 111869

3,7881,8782,124

3,6183,4506,0613,618

809

21,7017,448

4061,7301,9103,3231,7411,098

43, 935

22, 6741,0183,6571,8042,218

3,4773,3675,6643,354

808

21,2617,323

4291,6781,8753,3061,7171,088

4,1109,2795,7173,8273,269

17, 733

1,7672,9114,589

79, 72251, 22028, 502

79 297

51, 0241,7907,1724,1415,291

10, 1017,849

11,8893,6042.225

r Revised. 1 Advance estimate. • Based on data not seasonally adjusted.tSce corresponding note on p. S-ll.

9 Includes data for items not shown separately.JSee corresponding note on p. S-4.


S-6 SUKVEY OF CURRENT BUSINESS April 1967


1965 1966

Annual

1966


1967

Jan. Feb. Mar.

GENERAL BUSINESS INDICATORS—ContinuedMANUFACTURERS' SALES, INVENTORIES,

AND ORDERS— Continued

Inventories, end of year or month— ContinuedBook value (seasonally adjusted)— Continued

By industry group— ContinuedDurable goods industries— Continued

By stage of fabrication:Materials and supplies 9 mil. $

Primary metals __ _ _ doMachinery (elec. and nonelec.) doTransportation equipment do

Work in process 9 - ._ _ _ doPrimary metals doMachinery (elec. and nonelec.) doTransportation equipment. _ _ do

Finished goods 9 doPrimary metals _ doMachinery (elec. and nonelec.) _ doTransportation equipment do

Nondurable goods industries, total 9 -.doFood and kindred products doTobacco products _ doTextile mill products doPaper and allied products doChemicals and allied products doPetroleum and coal products doRubber and plastics products do

By stage of fabrication:Materials and supplies doWork in process doFinished goods do

By market category:Home goods and apparel doConsumer staples _ _ _ . . _ . d oEquip, and defense prod., excl. auto doAutomotive equipment- doConstruction materials and supplies. _. doOther materials and supplies do

Supplementary market categories:Consumer durables _ _ _ _ _ d oDefense products doMachinerv and equipment . do

New orders, net (not seas, adj.), total do_ _ _Durable goods industries, total doNondurable goods industries, total do

New orders, net (seas, adj.), total . doBy industry group:

Durable goods industries, total 9 doPrimary metals do

Blast furnaces, steel mills _ _ _ do_ ..Fabricated metal products doMachinery, except electrical _ _ doElectrical machinery doTransportation equipment do

Aircraft and parts. _ ._ _ _ _. ._ do

Nondurable goods industries, total. _ doIndustries with unfilled orders© do. _ _Industries without unfilled ordersl do

By market category:Home goods and apparel doConsumer staples doP]quip. and defense prod., excl. auto doAutomotive equipment doConstruction materials and supplies doOther materials and supplies do

Supplementary market categories:Consumer durables __ . _, _ doDefense products doMachinery and equipment do

Unfilled orders, end of year or month (unadjusted),total mil $

Durable goods industries, total do

Unfilled orders, end of year or month (seasonallyadjusted), total _ _ . _ mil. $

By industry group:Durable goods industries total 9 do

Primary metals doBlast furnaces, steel mills do

Fabricated metal products doMachinery, except electrical doElectrical machinery doTransportation equipment do

Aircraft and parts do

Nondur. goods indust. with unfilled orders®. do

By market category:Home goods, apparel, consumer staples. _ . doEquip, and defense prod., incl. auto doConstruction materials and supplies doOther materials and supplies _ do

Supplementary market categories:Consumer durables . doDefense products doMachinery and equipment do

12,9432,3883,8162,278

18, 1092,1306, 6995, 465

11,2721,8314,0861,187

25, 6916, 0342, 3713,1301,9654 3351,756] 279

Q 9643 862

11 865

7,0219,844

14, 8354,0326, 054

26, 229

3,2876, 388

10,701

492, 272260, 732231, 540

?492, 272

260, 73241 01721,37824, 91438, 43435, 29272, 97322,044

231 , 54063,458

168, 082

45 057101,31565, 08151,05338, 058

191,708

19,44932, 53449, 679

64 89661,5433 353

66, 068

62 5345, 6462,7305,467

10, 3049,830

25, 99319,781

3,534

2,12434, 7326,041

23, 171

1,60124, 58716,000

14, 8022,6034,8772, 477

22. 2632,4777,8537, 512

12, 9722, 0294, 8651,380

27, 8606,3942, 3433,3332, 2715 0391,8691 402

10 5014 333

13 096

8,19010, 47618, 1664.3586, 537

30, 170

4,1898, 732

12, 592

542, 179289, 836252, 343

2512,179

289, 83646, 87924, 28526, 74342, 67742, 26979, 86127, 503

252, 34369, 463

182, 880

49,710110,45475,27552, 05839, 413

215,269

21,31840, 46956, 770

78, 63075,3153 315

79,917

76,4156, 9093, 3056, 221

12, 81612, 27932, 35026, 056

3.502

2, 23042, 205

6, 49328, 989

1,70431 76519,614

13,0042,4283,9012, 261

18,4682,2246, 7775,589

11,4121,8344,1071,197

26,1566,2302,3383,1691,9814,4601,8161 293

10,0723,877

1° 207

7,24710,03615,0544,0036,071

26,629

3,4236,58110,815

45,43424,57820,856

44,129

23,7413 9942,1412,2473,3173,3326,5742,092

20,3885, 604

14,784

3 9378,9605,8334, 3323,39917,668

1,6763,0354,584

69 15665,5433 613

68,814

65 1106,1023,0635,558

10,61310,35827,08220,846

3,704

2,21935,8036,099

24,693

1,67725,84116,575

12, 9882,4453,9632,188

18, 8072,2556,8435,802

11,4781,8534,1381,196

26, 3756,3572,3943,1741,9854 4601,8091 295

10 1533,893

12 329

7,32910, 25115, 2663,9416,072

26,789

3,4756,824

10,848

47, 39826, 09921, 299

45, 833

24, 8884,0572,1042,4113,5293,4896,8732,395

20,9455,745

15, 200

4 1739,1416,0364,5383,600

18, 345

1,8193, 3754,587

71 33767,6463 691

70, 527

66 7626,4343,2385,681

10,85710 58127, 71221, 566

3,765

2,25436, 2756,211

25 787

1,68026 57816.785

13, 1462,4904,0192,195

19, 1412,2446,9046,078

11,4921,8604,1431,208

26, 5676,4802,3953,1731,9974,5041, 8021,299

10, 3093,913

12 345

7,40310, 38015, 5573,9926,090

26, 924

3,5087,079

10, 939

46, 40125, 23821,163

45, 064

24, 1973,9052,0372,2063,5383,6126,5612,099

20, 8675,650

15, 217

4,0519,0926,2954,3433,426

17, 857

1,7843, 2994,788

72, 82269, 0183 804

72, 049

68,2506,5363,2695,740

11,16910,90928, 33322,006

3,799

2,22537, 1866,298

26, 340

1,67827, 23917, 273

13, 2982,4894,1202,226

19,3022,3376,9776,003

11,6751,8744,2111,254

26, 8286,5152,3943,1562,0284,6321,7951,309

10, 4393,991

12, 398

7,52110, 46615, 6554,0286,124

27, 309

3,6277,099

11,063

44, 74823, 96920, 779

45,321

24, 2764,3052,3312,2373,5533,4666,4881,942

21,0455,692

15, 353

4,2279,1975, 9374,5163,227

18,217

1,8122,9074,845

73, 27969,4103 869

73, 297

69, 6097,0423,5885,847

11,46811,06128, 64622,110

3,688

2,25037, 6876,320

27, 040

1,73627,31617, 762

13, 5072,4864,2662,221

19, 6932,3947,0996, 149

11,8031,8904,2811,264

26, 9466,5032,3833,2482,0684,6641,7761,323

10 5624,044

12 340

7,57310, 48516, 0343,9526,192

27,713

3, 7217,304

11,339

47, 66426, 12021, 544

45, 833

24, 5934 1092,1732,1633,6093,4876,9022, 569

21,2405,834

15,406

9 2026,3784 4183,219

18, 345

1,8173 6854,753

74 70570 883

Q ft'")O

75 009

71 3087 3123,7495 866

11,75711 31829, 43429 927

3,701

2, 34138, 503

6,29027, 875

1,81928, 26918, 14'2

13, 6532 4724,3902,227

20, 2352,4387,2216,522

11, 9021,8774,3271,257

27, 1686,5342,3663,2972,1314,7411,8041 345

10 5064,062

12 600

7,60910, 49916, 3304,1176, 202

28,201

3, 7657,513

11, 537

42, 31422, 52119, 793

45, 625

24,3714,1062,2772,2313,4263,7446, 6392,340

21,2545,952

15, 302

4,1749,2056,4643,8843,221

18, 677

1,7393,5035, 092

76, 60272,8013 801

76,310

72,6517 , 3743., 8165, 954

11. 82011. 56730, 33223! 420

3; 659

2, 29539, 198

6, 33028, 487

1,75728, 87918, 683

13, 9972,4954,5292,363

20, 6982,5017,3566,771

12,1191,9064.4421,265

27, 2966,3612,3503,3482,1714,8191,8291,364

10,6154,126

12, 555

7,76810,31316, 7094,2936,267

28, 760

3,8317,736

11,818

43, 80522, 24421, 561

44, 842

23, 5123,7921,9062,1283,7743,6035,9862,072

21,3305,938

15, 392

4, 1499,3735, 8914,0273,156

18, 246

1,7493,1554,813

77, 30073, 6153 685

76, 942

73, 2867,2443,6865, 952

12, 23011, 79330, 40223, 649

3,656

2, 29539, 354

6, 32028, 973

1,74429, 18418, 986

14,3092,4864,6732,452

20,9492,4527,4896,847

12,3101,9704,5791,258

27,3166,2742,3393, 3222,1944,8801,8131,368

10,5794,169

12,568

7,89310,24717,1254,2536,298

29,068

3,9227,925

12,096

48,08325,81022,273

46,318

25,2744,0472,1662,1063,7153,6767,5613,403

21,0445,792

15,252

4,1849,3307,7514, 1263,073

17,854

1,7584,6714,906

79,21375,6733 540

79,170

75,5917,3723,8135,85612,52412,05632,11925,274

3,579

2,31341,4266,188

29,243

1,74431,03319,333

14,4652,5054,7852, 449

21,4462,5047,6287,030

12,4411,9624,6351,301

27, 4366, 2842, 3403,3562,2144,9371,8191 386

10 5424, 251

I9 643

8, 00210,31317,4574, 2986. 380

29, 338

4, 0358,189

12, 228

46, 64924, 51822, 131

45, 243

24, 2443,8171,8812,2313.6473,5796, 8602, 237

20, 9995,822

15,177

4 1789,1316. 5844, 5943,173

17,583

1,8243, 3084.816

79, 53776, 0333 504

79, 923

76, 3827,3503,6985, 989

12.61112, 18932, 59025, 673

3,541

2, 32442,165

6, 27429, 160

1,78031,45319, 499

14, 5992, 5484,8462,468

21,9342,5037,7917,284

12,7772,0064,7951,339

27, 5866,3832, 3073,2862,2305,0001, 8351,422

10,5714, 253

12, 762

8,08310, 41517, 8774,3546,442

29, 725

4,1488,465

12, 471

43, 92722, 73821,189

44, 052

23, 0273, 5881,8342,2753,6753,5075,7141,679

21, 0255, 799

15, 226

4, 1249,2605, 5434,1843,200

17, 741

1,7642, 7274, 647

78, 75375, 3463 407

79, 581

76, 1707,1253,5506,084

12,81812,31032, 07825, 513

3,411

2,24741,7406, 330

29, 264

1,74031,31619, 602

14, 8022,6034,8772, 477

22, 2632,4777,8537,512

12, 9722, 0294,8651,380

27,8606, 3942, 3433 3332, 2715 0391 8691 402

10, 5014,333

13. 026

8,19010, 47618, 1664,3586,537

30, 170

4,1898,732

12, 592

43, 37722, 94920, 428

45, 845

23, 9603,6771,7372,4033,5823,3586, 5402, 410

21, 8856,091

15, 794

4,2079,5976, 6074,2003,373

17,861

1,7863,3594,603

78,63075, 3153,315

79,917

76,4156, 9093,3056,221

12,81612, 27932, 35026, 056

3,502

2, 23042, 205

6, 49328, 989

1,70431,76519, 614

'14,880r 2, 640r 4, 937r 2, 499' 22, 643

2,455-•7,911r 7, 852

r 13, 097' 2, 045r 4, 980r 1,366

'28,266r 6, 593' 2, 336' 3, 325' 2, 265' 5, 145' 1,930'1,444

r 10, 609' 4, 349

T 13, 308

' 8, 335'10,698' 18, 495' 4, 424' 6, 493

'30,441

'4,311' 8, 990

'12,719

'41,779'21,562'20,217

'43,408

'22,072'3,315'1,495'2,049' 3, 391' 3, 552' 5, 577'1,833

'21,336' 5, 934

'15,402

'4,175' 9, 344' 5, 192' 3, 851' 3, 177

'17,669

' 1, 826' 2, 846' 4, 545

'78,787'75,485

r 3 302

'78,863

'75,427' 6, 466' 2, 880' 6, 135

'12,716'12,368'32,046'26,061

' 3, 436

' 2, 219'41,479' 6, 405

'28,760

' 1, 720'31,735'19,545

14,7912,6354,9112,470

22, 9702,4947,9318,040

13, 2632,0435,1081,379

28, 2736, 5782,3713,3512, 2705,1701,9231,429

10, 5234,334

13,416

8,34910, 71418, 7414,4166,515

30, 562

4,3169,193

12, 793

44,71123, 02821,683

43, 436

22, 2433,4801,8072, 1893,2513,3625, 7162,254

21, 1935,795

15,398

4,0189,2795,7463,5803,281

17, 532

1,6673.2784.257

78, 68675, 4013 285

78, 362

74, 9956, 2882, 8826,106

12, 48912, 36332, 09826, 463

3,367

2, 12641,262

6, 41728, 557

1,62032, 10319,214

' Revised. 1 Advance estimate. 2 Data for total and components (incl. marketcategories) are based on new orders not seasonally adjusted.

9 Includes data for items not shown separately. ©Includes textile mill products,leather and products, paper and allied products, and printing and publishing industries; un-

filled orders for other nondurable goods industries are zero. 1For these industries (food andkindred products, tobacco products, apparel and related products, petroleum and coal prod-ucts, chemicals and allied products, and rubber and plastics products) sales are consideredequal to new orders.


April 1967 SUKVEY OF CURKENT BUSINESS S-7

Unless otherwise stated, statistics through 1964

edition of BUSINESS STATISTICS

1965 1966

Annual

1966

Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.i

1967

Jan. Feb. Mar.

GENERAL BUSINESS INDICATORS—Continued

BUSINESS INCORPORATIONS^

New incorporations (50 States and Dist. Col,):Unadjusted. _ _ _ __ numberSeasonally adjusted© do

INDUSTRIAL AND COMMERCIALFAILURES d1

Failures, total _ . number

Commercial service.. _ _ _ _ _ _ _ d oConstruction doManufacturing and mining doRetail trade.. _ _ _ _ _ _ _ _ _ _ _ _ d o _Wholesale trade do

Liabilities (current), total thous. $

Commercial service doConstruction _ doManufacturing and mining . _ . .doRetail trade doWholesale trade _ _ . . . _ . _ _ d o

Failure annual rate (seasonally adjusted)No. per 10 000 concerns

203, 897

13,514

1,2992 5132 0976,2501 355

1 321 666

248 523290 980350, 324287 478144 361

i 53 3

200, 010

13, 061

1,3682 5101,8526,0761, 255

1,385,659

185, 202326, 376352, 861344, 346176, 874

i 51 6

16,58517,451

946

103167139430107

95 536

8,59524, 30618, 16335, 1659,307

44 1

20, 15617 266

1,226

130209171601115

103 471

11 00516 63029, 92829 74916 159

50 2

17, 29917 057

1,106

121206154509116

110, 141

20, 76135, 02422,01122, 4449, 901

47 4

17, 03616,644

997

10821012145999

96 376

26 40023, 83220, 16417.0548, 926

45 8

17, 50016 577

1,077

10021215751197

123, 575

27, 12320, 73628, 33032, 52814, 858

49 4

15,33616,074

1,017

94186144492101

69 876

4 45918,23319. 23018,7579, 197

52 3

16, 14916,343

1,249

112276191567103

178,088

38 35833, 19343, 49730, 48832, 552

60 8

14, 52815,764

1,042

12319515947095

129 162

14 43524,51350,41123 92815 875

56 6

15,24116,233

1,150

138213154542103

108 046

8 23024, 39934, 99226 04314 382

57 2

13, 98216.206

1,112

127214145526100

106 732

6 16124, 52333, 76827 34314 937

55 6

16,46716 583

1,055

111219157454114

161 481

11 65467.11029, 33838 63114, 748

52 4

18, 71416, 703

1,191

113223171558126

108, 172

8,04419, 36132, 81827, 30120, 648

55.4

15, 22515 987

1,216

152236160555113

113 450

12 74625, 05032, 32532 88710, 442

56 6

COMMODITY PRICES

PRICES RECEIVED AND PAID BYFARMERS

Prices received, all farm products}: 1910-14 = 100. _

Crops 9 doCommercial vegetables... doCotton... _ _ _ _ _ _ d oFeed grains and hay __doFood grains _ doFruit . doTobacco do

Livestock and products 9 doDairy products . _ _ doMeat animals doPoultry and eggs . do

Prices paid:All commodities and services _ _ do

Family living items doProduction items do

All commodities and services, interest, taxes, andwage rates (parity index) 1910-14 = 100

Parity ratio § _ _ _ do

CONSUMER PRICES

(U.S. Department of Labor Indexes)

Unadjusted indexes:All items 1957-59 = 100

Special group indexes:All items less shelter . doAll items less food doCommodities do

Nondurables... . . . doDurables 9 do

New cars doUsed cars do

Commodities less food _ doServices.. do

Services less rent. doFood 9 do

Meats, poultry, and fish doDairy products .doFruits and vegetables do

Housing doShelter 9 . do

Rent doHomeownership do

Fuel and utilities 9 . doFuel oil and coal doGas and electricity do

Household furnishings and operation doApparel and upkeep . .. doTransportation. . do

Private.. _ __. _ doPublic do

Health and recreation 9 doMedical care ._ " " "doPersonal care doReading and recreation do

Seasonally adjusted indexes:*Food doApparel and upkeep doTransportation do

248232261245173164236513

261261319145

288306276

321

77

109 9

109 6110 4106 4107 9102 699 0

120 8105 1117 8120 0108 8105 1105 0115 2

108 5110 6108 9111 4107 2105 6107 8103 1

106 8111 1109 7121 4

115 6122 3109 9115 2

265

235291215179185242551292293356160

298315285

334

80

2 113 1

112 9113.0109 2111 8102 797 2

117 8106.5122 3125 0114 2114 1111.8117.6111 1114 1110 4115.7107.7108 3108 1105 0109.6112 7111 0125 8

119 0127 7112 2117 1

270

232312224174173232545

303277384170

295312282

32982

2 in 6

111 4111 3

108 0110 6101 897 2

114 0

105 4119 7122 0113 1115 7107.0116 5

109 4112 1109 8113 3106 5109 0108 2103 8107 6111 1109 6199 0

117 1124 5110 8115 9

113 1108 0111.4

269231291236170171234545

303277380174

'296r 313

284

33181

112 0

111 9111 6108 4111 1102 097 1

115 4105 6190 1122 5113 9116 9108 1117 4109 6112 3109 9113 5106 6108 9108 2104 0

108 2111 4109 9199 1

117 6125 3111 0116 6

114 2108 5111.8

265936313240172168243547°91272365161

296314283

333

80

112 5

112 4112.2

108 8111 4102 397 4

117 4

106 0121 1123 6114 0115 6108.9119 8110 3113 0110 1114 3

108.3108.5108 3104 4108.7112 0110 5122 1

118 1125 8111 6116 8

114 3108 8112.3

263239290240175174262546284266361150

296315283

333

79

112 6

112 4112 5

108 8111 3102 597 0

117 5

106 3121 5124 1113 5113 9109.3119.2

110 7113 5110 2115.0108.2108.0108 2104 6109.3112 0110.5122 1

118 4126 3112 0116 8

114 0109 4112.0

264241281246175189269546

283267359147

296314283

333

79

112 9

112 6112 8

109 0111 5102 696 8

118 2106 4122 0124 8113 9114 2109 6121 7111 1114 1110 2115 8108.0107 0108 1104 8109 4112 2110 7122 8

118 7127 0112 2117 0

114 0109 5112.3

267

245304252182204224546

285285351153

297315285

334

80

113.3

113.1113.2

109 3111.8103 096.7

120 3106.7122 6125.5114 3114.3111.0121.5111 3114 4110 3116.2107.9107.0108 1105 1109 2113 5111 5129 1

119 1197 7112 5117 9

113 2109 6113.4

272

241309179188199241559998301365162

299317287

335

81

113 8

113 6113 4

109 8112 5103 095 8

129 i

106 6123 0195 9115 8114 5114 8122 3111 5114 6110 6116 4

107 9107 0108 1105 2109 2113 5111 6199 2119 5198 4112 7117 4

115 5109 6113.' 5

270236270179190198255571299318354168

301318939

337

80

114 1

113 9113 8110 0112 91Q9 7

94 4120 1107 0123 5126 5115 6114 8116 0116 6111 8115 0110 7116 8108 0107 4108 1105 7110 7113 3111 3199 5119 9129 4113 0117 5

115 3110 5113^5

266233259190184188274563294328343160

300318287

337

79

114 5

114 3114 4110 3113 1103 598 4

120 8107 6124 1127 1115 6113 8117 1115 3112 9

115 5111 0117 4108 1108 3108 0106 1111 5114 3112 3199 6120 4130 4113 3118 0

115 8110 8114.1

259230295185183189232540

284325323163

300318286

337

77

114.6

114.4114.8

110 2112 9103 599 3

119 3107 8124 7127 7114 8111 8116.7114 9112 6115 8111 2117 8108.3108 9108 1106 5112 0114 5112 6129 6

190 8131 3113 4118 3

115 3111 3114.0

258

230279186187191219564282321392158

300318287

33777

114 7

114 3114 9

110 1113 0103 198 6

114 2

107 7125 2128 3114 8110 9116.5114 3

113 0116 4111 3118 6108.4110 2107 9106 7112 3113 8111 7129 8

121 0131 9113 7118 4

115 3111 7113.3

255224282168186187201

281311330152

301318289

340

75

114.7

114 2114.8109 9112 7102 797 6

113 0

107.3125 5128 8114 7110.3116.4115. 3113 1116 5111 4118.7108. 6110.5108 3106 7

111.3113 4111 4129 8

121 4132 9113 8118 5

114 9111.9113.2

252223283175184179195561277307328142

301318288

33974

114.8

114.3115.2109.9112.7102.897.3

114 0107.6125 9129.2

114 2110.7116.1114.2113.3116 8111.7118.9108.7111.1108 3107 0111.9113.8111.8130.0

121.8133.6114.1118 6

114.0112.3114.3

250224282173186189196559

273301323144

302319289

34074

T Revised. i Based on unadjusted data.2 Beginning with indexes for Jan. 1966, data for six additional areas (Cincinnati, Houston,

Kansas City, Milwaukee, Minneapolis-St. Paul, and San Diego) have been incorporatedinto the national CPI. These areas were "linked" into the CPI as of Dec. 1965 and werefirst used in calculating the Dec. 1965-Jan. 1966 price change.

cf Compiled by Dun <fr Bradstreet, Inc. (failures data are for 48 States and Dist. Col.).0Revised seasonally adjusted data for Jan. 1964-Nov. 1965 will be shown later.

^Revisions for Jan. 1963-Mar. 1965 are available upon request.§ Ratio of prices received to prices paid (parity index). 9 Includes data for items not

shown separately. *Newseries. Beginning with indexes for Jan. 1966, seasonally adjustedindexes for selected groups and subgroups of the CPI were published by the Dept. of Labor.Additional information and a description of the BLS Seasonal Factor Method are availablefrom the Bureau of Labor Statistics, U.S. Dept. of Labor, Washington, D.C. 20212.


S-8 SURVEY OF CURRENT BUSINESS April 1967


1965 1966 P

Annual

1966


1967

Jan. Feb. Mar.*

COMMODITY PRICES—Continued

WHOLESALE PRICEScft(U.S. Department of Labor Indexes)

Spot market prices, basic commodities:22 Commodities .. _1957-59 = 100

9 Foodstuffs ..do13 Raw industrials do .

All commodities t do

By stage of processing:Crude materials for further processing doIntermediate materials, supplies, etc doFinished goodsO do

By durability of product:Durable goods doNondurable goods doTotal manufactures do

Durable manufactures do.Nondurable manufactures do

Farm prod., processed foods and feeds H do

Farm products 9 doFruits and vegetables, fresh and dried-doGrains doLive poultry* doLivestock* do

Foods and feeds, processed 9* do !Beverages and beverage materials* do jCereal and bakery products do ]Dairy products do..Fruits and vegetables, processed® do..Meats, poultry, and fish do_.

Industrial commodities §- .do-

Chemicals and allied products 9 do..Agric. chemicals and chem. prod.* do..Chemicals, industrial do.Drugs and Pharmaceuticals do.Fats and oils, inedible do.Prepared paint do..

Fuels and related prod., and power 9 doCoal doElectric power Jan. 1958 = 100-.Gas fuels doPetroleum products, refined 1957-59 = 100..

Furniture and household durables 9 doAppliances, household doFurniture, household doHome electronic equipment* A do

Hides, skins, and leather products 9 doFootwear doHides and skins doLeather do

Lumber and wood products doLumber do

MachinerMachinery and equipment 9 * do |Agricultural machinery and equip do IConstruction machinery and equip do..Electrical machinery and equip... do..Metalworking machinery and equip.*._do_.

Metals and metal products 9 do..Heating equipment do..Iron and steel do_.Nonferrous metals do..

Nonmetallic mineral products 9 __________ doClay prod., structural, excl. refractories*

_C on crete products _____________________ doGypsum products ______________________ do

Pulp, paper, and allied products _________ doPaper ___________________________________ do

Rubber and products ____________________ doTires and tubes ________________________ do

Textile products and apparel 9 do..Apparel _ _ _ d o _ .Cotton products do..Manmade fiber textile products do.Silk yarns do..Wool products do.

i 104. 7J 91.9

i 114.6

102.5

98.9102.2 I103.6 !I

103.7101.5102.8103. 7101.9

102. 1

98.4101.889.687.2

100.5 i

106.7 !

105. 7 :109.0 1108.5 !102.1 i101.0 i

102.5 I

97.4101. 895.094.4

112.7105.4

98.9 I96.5

100.8 I124.1 i95.9 i

98.089.2

106.285.2

109.2110. 7111.2108.1 j101.1 I101.9 |

105. 0115.1115.396.8

113.6

105.791.7

101.4115.2

101.7

106. 6101. 5104.099.9

104.192.990.0

101.8103.7100.2 !95.0

134.3104.3 j

1 109.5i 101.9i 115.2

105.3104. 8106.9

106.0105. 6105.7106.0105.3

108.9

105. 6102. 5

97. 391.4

110. 0

113.0105.8115.4118. 5104.8110.2

' 104.7

97.8102. 895.794.5

102. 8' 106.8

101.398.6

100.3128.999.5

99.189.1

109.183.6

119.7118.2140.8

r 121.1105.6

r 108. 5

108.2118. 5118.999.0

118.

108.392.5

102.3120.

102. 6

108.4103.0102.4102.6107.394.

'93.3

102.1105.0102.5'89. 5153.6

'106.0

Transportation equipment 9 * do.Motor vehicles and equipment do _

Miscellaneous products 9 * do_Toys, sporting goods, etc do..Tobacco products* do.

PURCHASING POWER OF THE DOLLAR

As measured by-Wholesale prices 1957-59=$!. 00,.Consumer prices do

100. 7104. 8102.7106.2

$0. 976.910

100. 8106.8104.1109.

$0.945.884

113.8101.9122.9

105.4

107.5103.8106.3

104.9105. 5104.9104.8104.8

113.6100.7123.5

105.4

106.9103.9106.4

105.3105.3105.0105.1104.7

109.8 j 109.4

107.498,092.995.4

119.5

113.0105.7112.1113.0105.2114.9

97.6102.895.2 |94.5

110.0105.9

100.398.2

100.4128.997.8

98.4 I89.0

107.2

117.8 '115.0 i152.8 i118.0103.7105.6 !

I106.5117.8117.597.8

116.5

107.591.7

102.2119.5

102.1

107.8102.1101.4 i101.3105.494.191.1

102.0104.7101. 591.0

155.3105.8

100.4105.4103.3106.6

$0.949.896

106.8101.790.8

100.9115.9

112.2105.7112.2115. 0104.8113.3

104.0

97.6102. 895.294.4

106.4105.9

99.997.5

100.4128.297.2

98.489.1

107.283.5

118.7115.4147.8123.3105.6107.2

106.9118.0117.998.2

116.7

108.091.8

102.3120.8

102.1

108.0102.2101.4101.8105.494.391.1

102.1104.7101.890.8

151.4106.0

100.3106.5103.3109.8

$0.949.893

112.5100.8121.5

105.5

110.7100.4118.3

105.6

111.4102.0118.4

113.1105. 3118.8

105.7 1 106.4

106.3104.3106.3

105.7105.1105.1105.6104.6

108.7

106.4 i111.0 |91.2 I95.1 i

114.7 ij

111.5 I105.7 ;112.6 i114.8 i104.8 !110.9 j

105.7 105.6 i 107.8104.8 '' 104.9 ! 105.4106.2 106.4 ! 107.0

106.1105. 0105.5106.1104.8

106.2 !105.2 j105.6 l106.1 !105.1 !

104.5103.393.6

101.3111.5

111.8105.7113. 0114.9105.4

104.299.794.995.6

110.1

112.0106.1114.0116.5104.9

110.9 109.9

104.3 104.7

103.395.694.1

104.0106.2 |

100.0 |94.9

100.3129.297.7

103. 696.0 I94.1 j

102.5 i106.2

100.496.9

100.2128.398.4

104.9

97.6102.995.894.3

101.6106.8

101.597.2

100.2128.5100.2

98.9 98. 989.3 1 89.4 I 89.4

108.3 ! 108.9 i 108.983.5 83.5 i 83.5I

120.6118.2148.8122.4108.4110.8

107.2118.1118.598.4

116.8

108.292.1

102.0122.1

102.3

108.1102.7101.4102.3106.095.494.4

102.2104.7102.390.5

151.6106.3

122.8118.9163.0125.1109.6113.2

107.8118.2118.998.9

118.0

108.492.1

101.8122.5

102.4

108.1102.7102.2102.7107.195.494.4

102.2104.9102.689.9

140.9106.4

122.9118.9161.0126.6107.7112.0

108.1118.4118.998.8

119.0

108.792.5

102.0123.2

102.5

108.4103.0102.7103.0108.095.494.4

102.2104.8102.890.0

143.8106.5

106. 2106. 4106. 0106. 1105. 8

107.9 107.7 ! 109.9

107. 8107. 0103.194.2

108. 7

113.8106. 3115. 5119.8104. 5110.0

105. 2

102. 695.994.5

1C5. 3106.8

101.497 6

100. 3128. 399.9

99.089.1

109.183.5

122.7119.0156.4126.0106.6110.5

108.3118.5118.999 0

119.0

108.892.9

102.2122.9

102.7

108.5103.1102.7103.2108.295.193.9

102.4105.0103.090 1

152.1106. 7

110.6 ! 107.3 ! 103.7 ! 102.6 \ 102.8109.1 i 105.1 j 100.1 I 98.1 i 98.6111.7 j 108.9 i 106.3 105.9 i 105.8

1 1 1106.8 \ 106.8 106.2 i 105.9

107.4 I105.8 !

107.5

106.2107. 0106.4106.3106.5

111. 3

108.197.7

105.6

106.1 103.6 [ 101.1 i 100.8105.6 105.3 i 105.3 j 105.4108.1 i 107.8 107.8 i 107.6

115. 7106.4118.9124. 0102. 3111.1

106.2 !107.1 !106.4106.3106.5

111. 5

108.7110.4104.697.5

109.2

115.5105.6118.9124. 2103.7112.2

106.6105.8106.3106.7105.8

104.4 I97.9 j98.983.1

106.5

113.9105.6118.7124.5105.7108.1

106. 9105.1106.2107.0105.3

107.1

102.5 I104.2 i98.085.1 !98.4 I

112.6 |105.6 !118.7 !122.6105.9104.2

107.1104.9106.2107.2105.2

106.7

101.8101. 3101.577.297.9

112.8105.8118.0122. 3105. 8104.4

105.2 105.2 | 105.3 I 105.5 I 105.5

97.9101.995.894.7

105. 5106. 8

102. 098.5

100. 3128.9100.7

99.188.8

109.483.1

121. 2119.1141.2124.9 !106.2110.2

108. 5118.3118.999.1

119.5

108.592.5

102. 7120. 4

102.7

108.7103.3102. 7103.2108.495.193.9

102.4105. 2103.389.6

156.7106.6

98.0 |102.2 i95.8 !94.8 I

103.8 i106.8 |

102.2 i99.6 !

100.3129.2101.0

99.288.7

109.883.3

119.9 I119.1 1134.2121.8105.9109.5

108.9118.2119.499.2

120.5

108.492.9

102.5119.9

103.0

108.7103.6102.7103.1108.494.793.4

102.2105.1103.188.6

158.6106.1

97.9102.895.995.094.5

107.3

102.6100.6100.2130.7101.3

88.9110.383.8

118.7120.1120.8117.5104.8108.0

109.4118.5119.899.5

121.1

108.693.3

102.5120.3

103.2

108.8103.5102.7103.1108.494.693.4

102.2105.3103.388.1

161.1105.6

98.0 i103.3 !96.0 i95.0 |91.6 |

107.8

102.7 I101.9100.3130.6101.3

98.2103.196.494.795.1

108. 5

102.0102.4100.8127.4100.2

100.3 i 100.489.2 I 89.2

111.5 ! 111.883. 8. I 83. 8

117.5 !120.1 i114.3114.1103.0105.6

110. 2120.4120.6100.7121.5

109.093.4

102.8121.0

103.3

109.3103.5103.5103.0108.595.093.9

102.1105.5103.087.7

161.1105.1

100.2 ! 100.9 100.7106.7 | 106.8 i 106.9103.7 i 103.7 103.7110.2 i 110.3 110.3

$0. 948 $0.947 $0. 946

100. 7107.1104. 5110.3

$0. 940.883

100. 5 100.1107.1 107.1104.9 I 104.8110.3 110.3

$0. 936.876

"l6i:7 | lpl.7107 2 1°7-4105.0 104.8110.3 H0.2

117.3120.3109.2116.2102.5104.5

110.7120.8121.0101. 5121.8

109.093.4102.9120.5

103.3

109.1103.9103.5103. 0108.595.093.9

101.8105. 4102.786.9163.2104.8

101.7107,5104.8110.3

$0 942 $0. 944 $0. 944.873 - 873

102.997.5

106.8

102.097.5

105.2

100.096.3

102.5

106.2 ! 106.0 I 106.0

102.1 i105.6 i107.7 !

107.4 !105.2 !106.4 i107.5105.3

101.0 ;105.5 i107.6

107.6104.7106.4107.7105.1

' 107. 0 f 105.:

102.6101.8100.788. 1

101.4

112.8105.8117. 6121.8105.9105.4

r 101.0104.595.897.199.5

111.7105.9117.3121.2104.3104.7

100.7

110.9

105.8 ! r 106. 0 i 106.2

98.4104.296.6

'94.7'92.3108.7

• 102. 5102. 3

• 100. j6• 134. 1100.3

• 100. 4'89.6

•111.983.6

•117.9f 120. 9'110.1

116.9' 102. 6' 104. 5

111.1' 121 .5r 121.3r l O l . 9121.9

109.4'92.6103.0121.8

98.5105.4 !96.9 ^94.2 i89.1 :

108.7 |

103.3 i102.3 i100.6 i134.0 !101.9 |

100.4 !89.7 !

112.0 I83.5 !

118.0121.6107.8116.3103.6105.4

111.2121.7121.4101.8122. 2

109.692.3

103.2122.3

103.6 i 103.7

109.3103.9103.5103.1108.5'95.6'94.9

102.0• 105. 7102.587.1

166.1• 104. 7

109.3 1104.4 i103.5 !103.3 !108.5 j95.8 |94.9 I

102.0 !105.9 j101.887.1

164.1 !104.7

101.6 I 101.6107.9 i 108.0

• 105. 2 I 105. 3110.3 i H0.3

$0.942.872

$0.943 I $0.943.871 I

'Revised. ? Preliminary. » Computed by OBE. cfFor actual wholesale pricesof individual commodities, see respective commodities. {Beginning Jan. 1967, indexesincorporate revised weighting structure reflecting 1963 values of shipments; details regardingweight revision as well as changes in classification structure are available from the Bureauof Labor Statistics, U.S. Dept. of Labor, Wash., D.C. 20212. OGoods to users, incl. raw

foods and fuels. ^Formerly "farm prod, and processed foods." 9Includes items notshown separately. *New series; data prior to Feb. 1966 (where available) may be obtainedfrom BLS. 0Formerly "canned and frozen fruits and vegetables." §Formerly"commod. other than farm prod, and foods." AFormerly "television, radio receivers,and phonographs."Digitized for FRASER

http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

April 1967 SUEVEY OF CUERENT BUSINESS S-9


1965 1966

Annual

1966


1967

Jan. Feb. Mar.

CONSTRUCTION AND REAL ESTATE

CONSTRUCTION PUT IN PLACE f

New construction (unadjusted), total mil. $_-

Private, total 9 . -_ doResidential (nonfarm) do

New housing units doNonresidential buildings, except farm and pub-

lic utilities, total 9 mil. $Industrial doCommercial do

Farm construction doPublic utilities do

Public total 9 do

Buildings (excluding military) doResidential do

Military facilities doHighways and streets do

New construction (seasonally adjusted at annualrates) total mil $

Private, total 9 - do

Residential (nonfarm) doNonresidential buildings, except farm and pub-

lic utilities, total 9 mil $Industrial doCommercial _ do

Farm construction doPublic utilities do

Public, total 9 do

Buildings (excluding military) . _ do_Residential do

Military facilities doHighways and streets do

CONSTRUCTION CONTRACTS

Construction contracts in 48 States (F. W. DodgeCo.):

Valuation, total mil. $

Index (mo. data seas, adj.) 1957-59=100--

Public ownership mil $Private ownership doBy type of building:

Nonresidential doResidential _ _ do

Non-building construction doNew construction planning:

(Engineering News-Record): § doConcrete pavement awards:

Total thous. sq. ydsAirports doRoads doStreets and alleys doMiscellaneous do

HOUSING STARTS AND PERMITS

New housing units started:Unadjusted:

Total, incl. farm (private and public) thous--One-family structures do

Privately owned.. do

Total nonfarm (private and public) .. doIn metropolitan areas do

Privately owned do

Seasonally adjusted at annual rates:Total, including farm (private only) doTotal nonfarm (private only) do

New private housing units authorized by bldg. per-mits (12,000 permit-issuing places) :

Seasonally adjusted at annual rates:Total thous-.

One-family structures do__

CONSTRUCTION COST INDEXES

Dept. of Commerce composite 1957-59=100--American Appraisal Co., The:

Average, 30 cities 1913—100Atlanta _ doNew York . doSan Francisco doSt. Louis do

Associated General Contractors (building only)1957-59=100.-

r Revised. 1 Not yet available; estimate inclucrevisions not distributed to months. 3 Compu"Data cover 6 months.

f Revised series. Monthly data for 1962-64 appear

71, 930

49, 99926, 68920, 765

16, 5215 0866, 7041, 1955, 178

21, 931

7,716464883

7,547

2 49, 272

3 143

2 16, 2092 33, 064

2 17,2192 21, 2482 10, 805

45, 625

125, 5804,410

86, 77929 0165,376

1, 542. 7963.5

1, 505. 0

1, 520. 41,067.51,482.7

1,241710

116

824904925814808

123

led in totted from

on p. 40 o

73, 866

50, 62324, 63318, 773

18, 7346,7796,8871,2085, 564

23, 243

8, 516550770

8, 324

2 50, 1 50

3 145

2 18, 152231,998

2 19 3932 17, 8272 12, 930

52,112

119, 1084,187

87, 83423 6433,443

1,251.9' 794. 7

'1,220.2

1, 228. 6' 850. 7

' 1,196. 9

966566

121

867941963867852

127

al. 2 Acumulati

f the May

4,748

3, 3891,6271,315

1,26645345191

354

1,359

6223652

305

78, 920

54, 290

27, 463

19, 3886,6297,2941,1905,512

24, 630

9,391508823

8,203

3,592

157

1,0842, 509

1,3641,412

816

3,942

81.046.878.2

79.555.476.7

1,3741,349

1,197652

118

843916946840822

124

nnual tove valu

1966 Su

5,544

3,8611,8731,443

1,45251153092

395

1,683

6593869

511

79, 499

55, 066

27, 279

20, 4957,0737,6721,1945, 409

24, 433

8,741547

1,0098,550

4,737

158

1,4633,274

1,7262,0041,007

4,608

25, 684513

21 2983,161

711

130.980.9

126.3

128.791.4

124.1

1,5691,538

1,268743

118

845917949841830

124

tal incluation to

RVEY.

6,228

4,3082,1911,620

1,54656555091

431

1,920

7124266

657

78, 578

54, 347

27, 437

19,5727,1757,0971,1975,458

24, 231

8,455573887

8,791

5,098

161

1,5743, 524

1,8832, 0811,134

3,686

149.295.4

147.1

146.9106.8144.8

1,5021,481

1,185660

119

854926954852836

125

destal.

6,579

4,4972,3671,734

1,53355753796

458

2,082

7454456

769

76, 135

52, 284

27, 023

18, 2276,8566,1261,2015,301

23, 851

8,455569650

8,783

5,132

156

1,9023,230

1,8261,9701,335

3,578

139.388.1

135.4

136.191.7

132.2

1,3181,287

1,098596

120

858927954852853

126

9Inc§Dat

7,044

4,7892,5341,848

1,621612573102495

2,255

8024874

867

74, 795

52, 108

26, 156

18,7127,5486,3431,2055,617

22, 687

8,339551744

8,257

4,854

147

1,9372,916

1,8851,8281,140

4,902

34, 1191 419

23 8148 027

859

130.783.8

127. 5

128.387.5

125. 1

1,2851,261

954574

121

863927954852853

127

ludes daa for Mas.

6,955

4, 6522,4121,846

1,612616585111481

2,303

7795064

962

72, 456

50, 061

25,115

17, 8847,1636,2801,2105,490

22, 395

8, 223545800

8, 175

4,797

147

2, 0202, 778

1,8131,4841,499

2,362

104.871.4

104.0

103.169.6

102.3

1,0881,068

921543

122

877950969887863

128

ta not shr., June,

6,915

4,6472, 2661,754

1,722631639115509

2,268

7655270

926

72, 215

49, 668

23, 927

18, 5467, 1646,4821,2135, 624

22, 547

8,316550746

8, 145

4,323

139

1,5682, 754

1,7291,5151,079

3,807

107.371.2

105.4

105. 271.8

103.3

1,1071,084

844491

122

881952971888863

128

own sepaSept., a

6,734

4,5472,1351,650

1,759621653110509

2,187

7345275

876

72, 498

49, 725

23, 100

19, 3386,9137,0541,2185,711

22, 773

8,358550848

8,216

4,103

146

1,3792, 724

1,6761.2801,146

5,937

95.262.692.4

93.063.990.2

1,0751,050

733450

122

883953980890864

128

rately.nd Dec.

6,435

4,3021,9681,507

1,670587635107523

2,133

7285565

845

69, 307

46, 754

22, 012

17, 5746, 2236, 6081.2225, 575

22, 553

8,369553655

8,240

4,106

139

1,6072,499

1,7961. 2251,086

4,533

82.855.280.2

80.653.778.1

848826

714434

122

884969980890864

128

1966 and

6,074

4,1401.7951.356

1,672609624102535

1,934

6785065

720

69, 856

46,811

20, 830

18, 5316,4447,0511,2255, 792

23, 045

8,413556716

8, 266

3,461

130

1,3572,104

1,4241,076

961

4,434

77.650.975.3

76.250.673.9

1,012993

715441

123

885970979886878

129

Mar. 19

5,453

3,8401, 6221,217

1,57957560099

507

1,613

6454560

496

69,934

46,876

20,459

18,8686,2507,5161,2305, 891

23,058

8,450560726

8,291

3,189

133

1,2871,903

1,358903928

6,940

4 59, 3064 2 255

4 42 7234 12, 455

4 1 873

65.7' 40. 3

63.6

64.4'46.8

62.3

1,0891,066

759477

122

887970979884879

129

67 are fo

4,723

3.2771,3791,033

1,36145350796

407

1,446

6084148

404

71,066

47,868

20,740

19, 6476,1367,800

' 1, 2325,811

23,198

8, 568561650

8,333

2,838

126

1,1131,725

1,175937726

4,940

'67.7'40.6'65.1

'66.3'47.2'63.7

' 1, 297' 1, 266

942549

123

889970992890883

129

• 5 week

4,312

3,0151,239

942

0)0)0)

94376

1,297

57539

0)314

71,706

48, 282

21, 156

0)0)(0

1,2335, 833

23, 424

8,628566

0)8,354

3,300

143

1,1882, 112

1,4301, 056

814

5,401

'65.242.7

'63.4

'64.144.8

'62.3

' 1, 151' 1, 135

'894551

123

891970997890883

129

^; other i

5,029

97.5

96.0

95.2

"~93.~7~

1,1711,144

924561

129

nonths.

255-322 O - 67 - 4




1965 1966

Annual

1966


1967

Jan. Feb. Mar.

CONSTRUCTION AND REAL ESTATE—Continued

CONSTRUCTION COST INDEXES— Con.

E. H. Boeckh and Associates, Inc.: tAverage, 20 cities:

All tvpes combined 1957-59=100..Apartments, hotels, office buildings doCommercial and factory buildings doResidences ._ _. _do_ _.

Engineering News-Record:Building .. _ do.Construction do

Bu. of Public Roads— Highway construction:Composite (avg. for year or qtr.) 1957-59=100..

CONSTRUCTION MATERIALS

Output index:Composite, unadjusted 9 1947-49=100

Seasonally adjusted do. _

Iron and steel products, unadjusted . doLumber and wood products, unadj do_ _Portland cement , unadjusted do

REAL ESTATE

Mortgage applications for new home construction:Applications for FHA commitments

thous. units..Seasonally adjusted annual ratesj do

Requests for V A appraisals doSeasonally adjusted annual ratest - -do ..

Home mortgages insured or guaranteed by-Fed. Hous. Adm.: Face amount mil. $_.Vet Adm.: Face amount § do

Federal Home Loan Banks, outstanding advancesto member institutions, end of period mil $

New mortgage loans of all savings and loan associa-tions, estimated total mil $

By purpose of loan:Home construction doHome purchase doAll other purposes do

Nonfarm foreclosures number

Fire losses (on bldgs contents etc ) mil $

117.2118.5117.2115.2

118.9127.8

105.7

156. 3

161.1155. 3186.2

188.9

102.1

7, 464. 592 652.23

5 997

23 847

5 92210 6977 228

116 664

1 455 63

122.1123.2122.2120.2

123.8134 3

113.0

169 0155.0189 8

153.0

99.2

6, 095. 322 600 53

6 935

16 729

3 6047 7485 377

117 473

1 496 76

119.5120.6119.5117.6

121.7131.2

137.4155.2

144.2150.2101.6

13.81795.4

72

511.89189. 76

5,739

1 554

307645602

9 211

131 10

119 8120.8119 8118 0

122.0131 4

109.0

171.8177.6

189.9178.4172 2

17.71609.1

92

607.09163 04

5 687

1,998

454814730

10 179

133 36

120.3121.4120 3118.7

123.1132 4

168.4165.4

189.0167.8184.7

16.0168

10.1111

515.71131.82

6,516

1 888

430798660

9 765

123 59

121.2122.3121 1119 4

123.7133 4

175.9164.2

187.5168.8211.3

12.81339.4

98

497. 79166 66

6,704

1,696

390773533

10 197

117 47

121.9123.1121.9120. 1

124.5135 4

113.7

180 5168.5

196 4166. 5250 6

13.01278.890

557. 09205 32

6 783

1, 629

340823466

10 844

123 99

122.8124.1122 9120.9

124.6136 1

160 2166.9

175.3142.7226 7

10.61248.5

99

504. 84219 04

7,342

1 234

266643325

9 731

124 71

123 1124.3123 2121 0

125. 0136 5

175 8160.0

185.3166.3258 3

11.6119

10.4106

546. 13''87 43

7 226

1 314

272722320

9 959

123 84

123 3124 5193 4PI 2

125 2136 5

115 6

165 1158 7

171 5158.1233 3

13.01518.9104

515.89257 14

7 175

1 119

241572306

9 615

118 71

124.0125. 1124.2121.8

125. 0136 3

156 8139.0

162.8150.1234.2

9.91229.1119

415. 68270. 88

7,249

947

208473266

9 676

PI 75

124.7125.6125 0P? °

125.0136 4

139.5146.4

152.1135.3

r 174 7

8.71357.0103

368. 53247. 50

7,084

866

184423259

9,713

115.63

125.1125.9125 5122.6

124.9136 5

112.8

' 138. 0' 129. 1

125 9

12.52036.6104

327. 27225. 63

6,935

936

189423324

9 208

142 21

125.3126.2125 7122.9

125.2137 3

10.11577.1107

379. 30213. 88

6 340

'788

'165'365'258

159 74

125. 4126. 3125 8123. 0

125.5137 5

10.7135

104

301.12168. 52

5 800

954

206421327

155 08

1 125 91 137 8

16.6152

10.3103

388. 16

DOMESTIC TRADE

ADVERTISING

Printers' Ink advertising index, seas, adj.:Combined index 1957-59=100

Business papers doMagazines .. doNewspapers doOutdoor doRadio (network) doTelevision (network) do

Television advertising:Network (major national networks) :

Net time costs, total mil. $._Automotive, incl accessories doDrugs and toiletries doFoods, soft drinks, confectionery doSoaps, cleansers etc doSmoking materials doAll other do

Spot (natl and regional, cooperating stations):Gross time costs total mil $

Automotive, incl accessories doDrugs and toiletries doFoods, soft drinks, confectionery doSoaps, cleansers etc doSmoking materials doAll other do

Magazine advertising (general and natl. farm maga-zines) :

Cost, total mil $Apparel and accessories doAutomotive incl accessories doBuilding materials doDrugs and toiletries doFoods soft drinks confectionery do

Beer, wine, liquors do

Industrial materials doSoaps, cleansers, etc doSmokine materials doAllother do

13612214710992

108175

1, 260. 399 1

409 2234 8112 0145 4259.8

1 075 538 9

207 4377.7100 448 7

30° 4

1 076 964.8

111 730 4

115.9133 9

69.371 550 521.741.6

365.6

1,411.3106 7429 8274 0131 5161 4308 0

1 189 354 1

219 4414. 2103 351 0

347 3

1 166 768 1

123 534 5

134 4125 4

79 280 153 317 639 6

411.0

14012415311884

130175

83.14.0

11 22.39.1

10 7

3 83 63.31.52.6

31.0

14412415811888

134184

354.524 0

'116.1'72 430 341 170.6

290 2~12.957.0

107.826.312 773 6

101 96.8

11 53 4

10.812 2

5.27 64.01.42.5

36.4

14012915110982

129189

112.49.2

12 54 7

11.110 9

6.08 94.21.73.0

40.2

14413415012098

P2183

110.46.7

11.83.9

12.010.6

7.010 04.81.63.5

38.5

14812716112083

116197

308.821 3

'91.7'62.031 532.569.9

313.716.153.6

108.126.812.296.8

93.02 59.23.4

12.710.8

6.37 54.6.9

3.431.9

71.81.06 92.19.39.8

5.14 04.51.23.1

25.0

67.47.05 01.88.87.3

3.63 14.0.9

2.822.9

301.521 493.959.734 535.3

'56.8

270 611.450.789.926.912 679.1

108.111.78 93.6

11.210 2

6.37 95.11.83. 6

37 8/ . o

125.97.6

16.33.7

13.912.1

8.411. 15.91.73.9

41.3

126.16.0

13.52.7

15.212.8

11.08.55.62.54.5

43.9

446.539.9

128.080.035 352.5

'110.8

314 813.758.1

108.423.213 597.8

101.54.07.81.4

13.810.3

14. 15 04.51.44.5

34.7

68.41.77.01.48.07.1

3.02.84.01.12.5

29.7

'Revised. 1 Index as of Apr. 1, 1967: Building, 125.9; construction, 137.8.tCopy righted data; see last paragraph of headnote, p. S-l.9 Includes data for items not shown separately.

{Revised seasonally adjusted data for 1958-64 will be shown later.§Data include guaranteed direct loans sold.


April 1967 SUKVEY OF CUERENT BUSINESS S-ll


1965 1966

Annual

1966


1967

Jan. Feb. Mar.

DOMESTIC TRADE—Continued

ADVERTISING— Continued

Newspaper advertising linage (52 cities) :Total - . mil. lines.

Classified _ do ._Display total do

Automotive .- do_Financial doGeneral doRetail . do

RETAIL TRADE

All retail stores: tEstimated sales (unadj.), total f ._ , mil. $._

Durable goods stores 9 doAutomotive group do

Passenger car, other auto, dealers doTire, battery, accessory dealers . .do _

Furniture and appliance group 9 doFurniture, homefurnishings stores doHousehold appliance, TV, radio do. _ _

Lumber, building, hardware group.. _ do ._Lumber bldg. materials dealers cf doHardware stores . do ._

Nondurable goods stores 9 doApparel group _ do

Men's and boys' wear stores ..doWomen's apparel, accessory stores doFamily and other apparel stores doShoe stores . - _ ... do

Drug and proprietary stores _ _ do ._Eating and drinking places doFood group do ..

Grocery stores do _ _Gasoline service stations do

General merchandise group 9 . do _ _Department stores doMail order houses (dept. store rndse.) .do....Variety stores . . __do _.

Liquor stores do

Estimated sales (seas, adj.), total f do

Durable goods stores 9 doAutomotive group do

Passenger car, other auto, dealers do ..Tire battery accessory dealers do

Furniture and appliance group 9 do ..Furniture homefurnishings stores doHousehold appliance, TV, radio do

Lumber building, hardware group doLumber, bldg. materials dealers cf doHardware stores do ._

Nondurable goods stores 9 _ _ _ d o ._Apparel group do

Men's and boys' wear stores doWomen's apparel accessory stores doFamily and other apparel stores do _Shoe stores. _ .. .do ..

Drug and proprietary stores do .Eating and drinking places do _Food group do

Grocery stores. _ _ ._ do ..Gasoline service stations do

General merchandise group 9 do .Department stores. doMail order houses (dept. store mdse.) do ._Variety stores do

Liquor stores. do .

Estimated inventories, end of year or month : tBook value (unadjusted), total f mil. $..

Durable goods stores 9 doAutomotive group ... ..doFurniture and appliance group do. ..Lumber, building, hardware group. _ d o _ _ - -

Nondurable goods stores 9 . do ..Apparel group doFood group _ _ . ... _ _ d oGeneral merchandise group do

Department stores do

Book value (seas, adj.), total f do __Durable goods stores 9 do

Automotive group... __ . ... . _ .doFurniture and appliance group do. __Lumber, building, hardware grouD-.-do

3,164.6865.6

2, 298. 9170.463.4

288.51,776.7

283,852

93, 71856, 26653, 2173,049

13, 7378,5384,223

12, 1159,3022,813

190, 13415, 7523,2586,2433,6802,571

9,33521, 42366, 82260, 97021, 765

35, 84023, 4212,5815,3206,305

33, 43514, 7377,0702,3902,386

18, 6983,8114,0665,8823,519

34, 60715, 1947,2442,4492.467

3,354.3924.3

2, 430. 0182.973.2

310.31, 863. 6

303, 672

97, 81257, 41453, 8753,539

14, 9789,0894,905

12, 3079,3402,967

205, 86017, 2763,5376,9134,0152,811

10, 14823, 43171, 12565, 10523, 012

39, 81126,0942,6915,7276,758

35, 84616, 1447,9382, 5122,401

19, 7024,1024,2016, 4253,919

36, 96116, 5368,1082,5742.483

231.069.5

161.513.14.7

22.1121.7

21,260

6,9984,3664,166

200

1,015614335

774594180

14, 2621,009

200428213168

7521,6185,3484,8741,667

2,2851,474

166335470

25, 049

8,1854,7814,504

277

1,220730405

1,114862252

16, 8641,450

289594327240

8061,9155,8795,3591,907

3,2252,127

223457561

34, 67015, 7737,8172,3862,463

18, 8973,8913,9386,1213,600

34, 92215, 4247,2512,4732.503

282.379.4

202.916.25.9

26.0154.8

24, 712

8,6065,4305,169

261

1,150714368

980762218

16, 1061,277

225544275233

7981,8095, 8085,2971,827

2,8871,892

218393496

25, 536

8,6495.1214,822

299

1,249765405

1,150895255

16, 8871,377

277569299232

8161,9355,9175,3911,907

3,2252,119

220459559

35, 84016, 2267,9882,4522,545

19,6144,0864,0256,4903,847

35, 10115, 5517,3082, 4692.490

282.481.6

200.816.06.6

27.2151.0

25, 477

8,3725,1384,848

290

1,097699336

1,038794244

17, 1051,456

268604305279

8241,9016,0755,5591,898

3,0802,007

198460541

24, 949

7,9394,5804,302

278

1,202741379

1,034797237

17,0101,389

279579308223

8431,9245,9815,4671,927

3,1942,099

224453564

36, 28016, 4498,0822,5642,561

19,8314,0984,0716,6053,949

35, 34615, 6907,3942, 5292.489

308.987.0

221.818.75.5

31.5166.2

24, 763

8,0694,7874,499

288

1,129714348

1,083824259

16, 6941,341

262563285231

8191,9655,7475,2401,947

3,0342,003

202429530

24, 475

7,5064,2884,017

271

1,183734372

990752238

16, 9691,406

283578313232

8311,9105,9315,4311,920

3,2132,113

216467560

36, 56116, 9408,4142,6222,592

19, 6214,0564,0476,5053,897

35, 92716, 2137,7552,6062.517

289.180.9

208.318.46.7

27.8155.4

25, 950

8,7765,2334,904

329

1,229765392

1,159900259

17, 1741,373

299532307235

8292,0715,9795,4642,002

3,2082,141

192454543

25, 394

8,0564,7714,479

292

1,208746•397

1,006769237

17, 3381,460

295583341241

8481,9675,9755,4721,927

3,3552,214

219487572

36, 46716, 9678,4202,6232,567

19, 5003,9534,0956,4563,855

36, 32516,4117,9142,6289 519

254.980.3

174.614.67.4

18.9133.7

25, 329

8, 1624, 7554, 424

331

1,239751423

1,116870246

17,1671,253

261492296204

8282,2196, 2625,7502, 056

2,9651,924

179436558

25, 362

8, 1064,7644, 460

304

1,258771429

1,007764243

17, 2561,464

301584351228

8441,9965, 9245,4361,918

3,3652,201

234481549

36, 15516, 6908,0742,6352,499

19, 4653,9844,0906,4723,887

36, 31216, 3307,6972,6679 484

273.081.6

191.414.84.6

20.1151.9

25, 348

8,2344, 6774,365

312

1,315816418

1, 155911244

17,1141,375

280524349222

8232,1775,8815,3772,024

3,2592,110

229485539

25, 572

8,3584,9594,658

301

1,285782423

1,014769245

17,2141,499

327582359231

8371,9755,9205, 4261,906

3,3322, 182

219480551

35, 28015,2956, 6692,6362, 492

19, 9854,2454,1146, 6804,019

36, 19116, 0797,5362, 636'> 494

288.877.3

211.518.25.5

30.6157.2

24, 864

7,6594,0953,799

296

1,311777442

1,082835247

17,2051,469

285571358255

8212,0346, 0395,5441,923

3,2742,158

218462551

25, 703

8,3945,0344, 725

309

1,293777440

975732243

17,3091, 472

313579349231

8601,9755,9475,4461,931

3,3412,189

222486567

35, 62815,0156,4222,6982,455

20, 6134,4494,2027,0274,271

36, 35516,2417,7192,6562 467

308.781.4

227.216.77.1

31.5171.9

25,923

8,6255,0964, 789

307

1,332815426

1,077827250

17,2981,478

297596362223

8412,0065,9225,4301,959

3,3752,221

232467551

25,550

8,2764,9214.618

303

1,266766402

971724247

17,2741,466

294589351232

8591,9745,9495,4521,926

3,3542,195

229484561

37, 19315, 7607,0352,7592,489

21, 4334,5754,3107,5234,608

36, 68016, 4967,9492, 666'> 599

305.470.4

235.014.25.8

32.6182.4

26, 158

8,4104,8994,587

312

1,391836453

1,012759253

17, 7481,553

325614383231

8401,8845, 7555,2791,922

3, 9582,575

341524587

25, 610

8,1434,7614,445

316

1,283775416

986737249

17, 4671,463

303573345242

8761,9795,9215,4371,939

3,4762,273

238503570

38, 17116, 3847,6152,7752,492

21, 7874,6494,2587,6714,760

36, 73416, 5818,1712, 6489 595

289.761.1

228.69.25.7

23.1190.6

31,804

8,9164,6384, 236

402

1,712943622

1,014645369

22, 8882,540

586979638337

1,1952,0396,6796,1341,972

6,1114,025

350989896

25,368

8,1564,7454,445

300

1,270741425

997747250

17, 2121, 386

282536335233

8922.0195, 8615,3761,915

3,3112,162

216475561

35, 84616, 1447, 9382,5122,401

19, 7024,1024, 2016,4253,919

36, 96116, 5368,1082,5749 483

241.171.1

170.011.67.9

20.5129.9

'22,567

' 7, 018' 4, 197'3,963

'234

' 1, 136'676'380

'777'574'203

'15,549' 1, 224

'272'480'273'199

'8371,8455,5485,0921,827

2,5111,658

156'330'514

'25,687

' 8, 200' 4, 604' 4, 298

'306

'1,312'792'429

' 1, 062'803'259

'17,487'1,514

'317'587'360'250

'8772,0365,9115,4171,931

3,4192,244

220'486'591

'35,85616, 5748,1602,5152,444

'19,2823,9774,164

' 6, 309' 3, 793

'36,92416, 4917,8672,5989 530

233.666.4

167.212.34.7

22.7127.5

'21,789

' 6, 835' 4, 013

3,788225

' 1, 102653376

751563188

'14,954' 1, 050

216422244168

'8181,7675,4334,9841,727

2, 3961, 529

172348502

'25,636

' 8, 0014,3984,086

312

1,309779450

1,073810263

'17,6351,488

308576365239

8832,0745, 9705,4771,974

3,3552,184

230473598

36, 33416,6818,2552,5182,410

19, 6534, 2224,1296,4453,876

36, 62716, 3157, 6722, 6122. 447

1 26, 2391 8, 2771 4, 956

1 1, 241

i-17, 9621 1, 593

19132,066

i 6, 1845,6621,972

3,196i 2, 037

1 26, 474

i 8, 302

1 18, 172

' Revised. » Advance estimate. fRevised series. Data reflect use of new sample(effective with data for Oct. 1965) based on definitions and classifications of the 1963 Censusof Business the 1965-66 retail inventories also reflect incorporation of new data from 1965Retail Trade (Census annual) and updating of seasonal factors. Latest revised data backto 1959 appear in the November, April, and February 1966 issues of the SURVEY (refer in

that order to pp. 26, 18, and 20, respectively); revised accounts receivable data prior to Oct.1965 are not available. Complete details for retail sales appear in the Monthly Retail TradeReport, Jan. 1966 and subsequent issues, available from the Bureau of the Census, Wash.D.C. 20233. 9 Includes data not shown separately, d" Comprises lumber yards, buildingmaterials dealers, and paint, plumbing, and electrical stores.


S-12 SURVEY OF CUEEENT BUSINESS April 1967


1965 1966

Annual

1966

Feb. Mar. Apr. May June- July Aug. Sept. Oct. Nov. Dec.

1967

Jan. Feb. Mar.

DOMESTIC TRADE—Continued

RETAIL TRADE— Continued

All retail storest— ContinuedEstimated inventories, end of yr. ormo.f — Con.

Book value (seas, adj.)— ContinuedNondurable goods stores 9 mil $

Apparel group doFood group doGeneral merchandise group do

Department stores do

Firms with 11 or more stores:fEstimated sales (unadj.), total 9 1 do

Apparel group 9 doMen's and boys' wear stores doW omen's apparel, accessory stores. . . doShoe stores do

Drug and proprietary stores... . . do _Eating and drinking places doFurniture and appliance group.. _ _ do

General merchandise group 9 doDept. stores, excl. mail order sales.. _ _ doVariety stores do

Grocery stores doLumber yards, bldg. materials dealerscf.-doTire, battery, accessory dealers do

Estimated sales (seas, adj.), total 9 1 do

Apparel group 9 doMen's and boys' wear stores doWomen's apparel accessory stores doShoe stores do

Drug and proprietary stores doEating and drinking places doFurniture and appliance group do

General merchandise group 9 doDept stores excl mail order sales doVariety stores do

Grocery stores doLumber yards bldg materials dealers d" doTire, battery, accessory dealers do

All retail stores, accounts receivable, end of yr. or mo. :Total (unadjusted) f mil. $

Durable goods stores doNondurable goods stores do

Charge accounts doInstallment accounts do

Total (seasonally adjusted)! doDurable goods stores.. . doNondurable goods stores do

Charge accounts doInstallment accounts do

19,4134,0334,0866, 3403, 772

73, 356

4,445557

1,6561,168

2,3001,8911,193

26, 11217,5934,096

27, 627

1,312

18, 1937,120

11,0738,2699,924

17, 0346,916

10,1187,8339,201

20, 4254,3184,2096,9094,200

80, 323

4,770573

1,7791,269

2,6632,2221,276

28, 98819, 6534, 593

29,906

1,472

18, 9867,212

11, 7748,164

10, 822

17, 7676,987

10, 7807,730

10, 037

19, 4984,0363,9746,4663,854

5,256

263319973

17915586

1,6361,087

262

2, 216

84

6, 598

40747

156104

205179

2,3921,625

366

2,422

120

16, 9126,583

10, 3297,4719,441

17,4197,020

10, 3997,8819,538

19, 5504,0504,0016,5163,870

6,214

36137

135104

199187105

2,0951,416

316

2, 416

116

6,610

38643

144106

208193

2,3631,587

371

2,421

136

16, 8656,578

10, 2877,5339,332

17,4186,954

10, 4647,8959,523

19, 6564,0744,0156,5803,929

6,661

42045

158125

20718396

2,2361,511

368

2,631

124

6,574

38245

150100

213184

2,2951,553

359

2,506

19,7144,1184,0236, 5853,940

6,291

37342

145102

206187100

2,2201,516

341

2, 336

124

6,536

38243

146102

215181

2,3361,576

370

2,449

120 117

17, 065 17, 5206, 606 6, 894

10,459 10,6267,778 i 8,1139, 287 9, 407

17,306 17,4816, 835 6, 941

10,471 10,5407, 812 7, 9549, 494 9, 527

19,9144,1444,0996,6904,041

6,608

38848

144107

217197107

2,3611,629

363

2, 441

137

6, 702

40248

149108

224187

2,4301,652

385

2,491

121

17, 7747,163

10,6118,2969,478

17,7217,001

10, 720, 8,210

9,511

19, 9824,1944,1486,6814,062

6,511

32439

12387

216196108

2,1681,474

342

2, 630

134

6,664

38647

144103

222182

2,4251,643

377

2,517

124

17,3326,947

10, 3857,8809,452

17,4816,779

10,7027,8969, 585

20,1124,1864,2076,7084,060

6,565

37740

14197

212189111

2, 3831,605

371

2, 414

120

6, 729

40551

147103

223175

2,4171,650

380

2,544

117

17,4807,059

10, 4217,9119,569

17,6956, 866

10,8297,988

1 9, 707

20, 1144,1744,2196,7214,079

6,759

40144

145116

214189109

2,3881,632

371

2, 582

116

6,762

39550

144104

225183

2,4441,665

388

2,519

122

17, 4206,975

10, 4457,7609,660

17, 5926,817

10, 7757,8399,753

20, 1844,1864,2306,7534,074

6,804

40951

155100

219189115

2,4681,687

377

2,513

123

6,871

40649

155106

227185

2,4951,664

390

2,549

| 123

17, 5466,991

10,5557,8559,691

17, 5786,775

10, 8037,8079,771

20, 1534, 2304,1506,7454,111

7,190

44457

166108

229184117

2,8861,947

429

2,437

126

6,856

40649

151112

237191

2,5521,725

411

2,518

128

17,8166, 981

10. 8357,9709,846

1 17,744G. 905

10, 8397, 8349,910

20, 4254,3184,2096,9094,200

9,940

72299

266169

380203136

4,4402,987

809

2,949

175

6,700

39748

141109

242206

2,4031,638

388

2,489

124

18, 9867,212

11, 7748,164

10, 822

17, 7676,987

10, 7807,730

10, 037

' 20,4334,3434,248' 6, 951r 4, 240

5,695

30643

10685

21719390

1,8221,256

266

2,330

97

6,885

42152

154112

240213

2,5131,730

402

2-, 492

127

' 18,167' 6, 954' 11,213r 7, 630

»• 10,537

' 17,849* 7, 124

r 10,725r 7, 690

r 10,159

20, 3124,3894,1626,8154,145

5,550

27131

10276

22118589

1,7201,146

278

2,334

93

6,907

41846

160109

254214

2, 4711,685

387

2,548

131

17, 5826,798

10, 7847,403

10, 179

18,0537,194

10, 8597,789

10, 264

EMPLOYMENT AND POPULATION

POPULATIONPopulation, U.S. (incl. Alaska and Hawaii):

Total, in cl. armed forces overseas mil.

EMPLOYMENTNoninstitutional population, est. number 16 years

of age and over, total, unadj© - - mil

Total labor force, incl. armed forces© thous..

Civilian labor force, total doEmployed, total do

Agricultural employment . _ _ __ _doNonagricultural employment do

Unemployed (all civilian workers) doLong-term (15 weeks and over) do

Percent of civilian labor forceNot in labor force®. . _-. _ __ _.thous.

Civilian labor force, seasonally adj© do

Employed, total doAgricultural employment , do..Nonagricultural employment do

Unemployed (all civilian workers) doLong-term (15 weeks and over) do

Rates: 1All civilian workers

Men, 20 years of age and overWomen, 20 years of age and overBoth sexes, 16-19 years of age

r Revised. i As of July 1. fSee corresponding9 Includes data not shown separately.(^Comprises lumber yards, building materials dea

stores. Ûnemployed in each group as percent©Effective Feb. 1967 SURVEY, data reflect revise

age, sample, and definition as follows; For all period

U94.57

129. 24

77, 178

74,45571,088

4,36166, 726

3,3667554.5

52, 058

4.53.24.5

14.8r note on

ers, and ]of that gd seasonas — data cr

i 196. 84

131.18

78, 893

75, 77072, 8953,979

68, 915

2,8755363.8

52, 288

3.82.53.8

12.7p. S-ll.

mint, pluiroup.

1 factors aver perso

196. 00

130. 44

76, 702

73, 77870, 6763,478

67, 198

3,1026704.2

53, 73475, 126

72,3414,155

68, 1862,785

594

3.72.53.7

12.1

nbing, a

nd chanjns 16 yea

196. 16

130. 60

77, 043

74,06971,0833,645

67, 439

2,9867434.0

53, 55675,117

72,2664,113

68, 1532,851

583

3.82.63.6

12.9

nd electr

*es in cor sof age

196. 34

130. 75

77,812

74,80472, 0774,020

68, 055

2,729

3. 652,93875,341

72, 5424,199

68, 3432,799

590

3.72.43.7

12.9

ical

êr-ind

196. 50

130. 92

78, 459

75,41472, 6204,097

68, 523

2,794

3.752, 46675, 149

72, 2533,902

68, 3512,896

538

3.92.43.9

13.7over (ex panemploBLS]Washi

196. 67

131.08

80, 727

77,62874, 038

4,70469, 333

3,591

4.650,35675, 668

72, 7303,981

68, 7492,938

486

3.92.63.8

13.0eliminatded (toyment (SMpLOYington, 1

196. 84

131. 24

80, 838

77, 70374, 6554,580

70, 076

3,048

3.950,39775, 770

72, 8463,926

68, 9202,924

446

3.92.63.7

13.1ing abou52,500 holata are i1ENT ANE> . ( ' . 2040

197. 02

131.42

SO, 665

77,48774, 6664,308

70, 359

2,821

3.650, 75576, 069

73,1413,935

69, 2062,928

462

3.82.53.9

12.5t a millicuseholds•easonab> EARNIN

197. 22

131. 59

78,982

75,75373, 2484,186

69, 063

2,505

3.352, 60976, 039

73, 1953,886

69, 3092,844

493

3.72.43.8

12.9m person) and chy compaGS AND IV

197. 43

131.77

79, 488

76,20973, 7444,114

69, 630

2,466

3.252, 28576, 081

73, 1993,779

69,4202, 882

517

3.82.44.0

12.7s previoianges rmrable wilONTHLY

197. 63

131.95

79, 895

76, 57373,9953,814

70, 180

2,577

3.452, 05476, 612

73, 8973,892

70,0052,715

484

3.52 43.4

11.4jsly covtide in dfh earlierREPORT

197. 81

132. 12

79, 642

76, 25273, 5993,360

70, 239

2,6534403.5

52, 47976, 764

73, 8934,011

69, 8822,871

496

3.72.43.9

12.2•red); bejfinitionsestimateON THE I

197. 98

132. 30

78, 706

75,32072, 1603,335

68, 826

3,1605154.2

53, 58977, 087

74,2554,015

70, 2402,832

485

3.72 24^3

11.0ginning Jfor emp

s) ; see FjABOR F

198. 14

132.45

79, 107

75, 68972, 5063,281

69, 225

3,1835064.2

53,34177, 025

74, 1373,890

70, 2472,888

439

3.72.24.0

13.2an. 1967-loymenteb. and 5ORCE, U.

198.29

132. 63

78, 949

75, 51372,5603,410

69, 149

2, 9545603.9

53, 67876, 523

73, 7473,855

69, 8922,776

436

3.62.34.1

10.7—sampleand un-

rtar. 1967S.GPO,


April 1967 SURVEY OF CUERENT BUSINESS S-13


1965 | 1966

Annual Feb. Mar. Apr. May June

1966

July Aug. Sept. Oct. Nov. Dec. Jan.

1967

Feb. Mar.-

EMPLOYMENT AND POPULATION—Continued

EMPLOYMENT— Continued

Employees on payrolls (nonagricultural estab.):!Total, unadjusted! _ _ _ - thous

Manufacturing establishments _. _.do_ .Durable goods industries _ _ _ _ doNondurable goods industries do

Mining, total 9 doMetal mining doCoalmining _ _ doCrude petroleum and natural gas _ do

Contract construction _ _ _ doTransportation and public utilities? do

Railroad transportation doLocal and interurban passenger transit do

Motor freight trans, and storage doAir transportation _ doTelephone communication doElectric, gas, and sanitary services do

Wholesale and retail trade _ ... _ doWholesale trade doRetail trade _ _ _ _ _ _ d o

Finance, insurance, and real estate doServices and miscellaneous doGovernment _ _ do

Total, seasonally adjusted! - doManufacturing establishments do

Durable goods industries doOrdnance and accessories doLumber and wood products. . doFurniture and fixtures doStone, clay, and glass products doPrimary metal industries , do

Fabricated metal products. doMachinery _ doElectrical equipment and supplies. _ _ do

Transportation equipment doInstruments and related products doMiscellaneous manufacturing ind do

Nondurable goods industries _ doFood and kindred products do-Tobacco manufactures. doTextile mill products doApparel and related products d o _ _ _Paper and allied products doPrinting, publishing, and allied ind__doChemicals and allied products ___ do_Petroleum refining and related i n d _ _ _ d oRubber and misc. plastics products-. doLeather and leather products do

Mining doContract construction _ doTransportation and public utilities ___ doWholesale and retail trade doFinance, insurance, and real estate. doServices and miscellaneous doGovernment. . __ .. _ do

Production workers on mfg. payrolls, unadjusted:!Total, unadjusted! thous. .

Seasonally adjusted _ _ do

Durable goods industries, unadjusted- .doSeasonally adjusted. do _

Ordnance and accessories doLumber and wood products doFurniture and fixtures doStone, clay, and glass products doPrimary metal industries do

Blastfurnaces, steel and rolling mills doFabricated metal products doMachinery doElectrical equipment and supplies, doTransportation equipment 9 _ _ _ _ _ _ do

Motor vehicles and equipment doAircraft and parts. do

Instruments and related products doMiscellaneous mfg. industries.. do

Nondurable goods industries, unadj doSeasonally adjusted . do

Food and kindred products . doTobacco manufactures doTextile mill products doApparel and related products doPaper and allied products doPrinting, publishing, and allied ind__doChemicals and allied products doPetroleum refining and related ind._.do

Petroleum refining doRubber and misc. plastics products. _ doLeather and leather products . do

60 770

18 03210 3867 645

63284

142288

3,1814,033

735268

963230735625

12, 6833,3179,3663,0199 098

10 091

60, 77018, 03210, 386

226610429627

1,296

1,2681,7261,658

1,738387421

7,6451,752

87921

1,354640

981906182472351632

3,1814,033

12,6833,0199,098

10, 091

13,413

7,702

96535356504

1, 058477982

1,2081,1401,238

660357247337

5,711

1,15575

8231,205

498

54511288

367308

63 864

19, 08111 1867 896

62886

139283

3,2814,137

717265

1,008248773635

13, 2203 4599,7613,0869 582

10 850

63, 86419, 08111,186

256622456641

1,326

1,3521,8681,893

1,906426440

7,8961,761

84951

1,396671

1,026954183513357

6283,2814,137

13, 2203,0869,582

10, 850

14, 199

8,301

120544378515

1,080467

1,0521,3141,3161,355

671448274352

5, 898

1, 16671

8481,240

52265257011489

400313

61, 622

18, 51810 8227 696

61784

142282

2,8184,035

708273

961245746623

12, 7383,3679,3713,0249,250

10, 622

62,81118, 72210,911

243633448646

1,295

1,3321,8101,805

1,853412434

7,8111,762

85945

1,384661

1,007932181496358634

3,3234,105

13, 0453,0519, 410

10, 521

13,77513, 9678,0388,123

110526367493

1,053446

1,0261,2791,2521,338

688413264329

5,7375,8441,084

70836

1,23950763855311087

384316

62, 243

18, 65110 9217 730

62084

141282

2,9814, 056

708273

970247751625

12, 8263,3749,4523,0439,331

10, 735

63, 24718, 84011,007

245642451649

1,300

1,3441,8181,824

1,881415438

7,8331,767

86948

1,386662

1,009936181500358637

3,4194,109

13, 0853,0649, 463

10, 630

13, 87814, 0488,1138,190

112532371502

1,064456

1,0321,2891,2561,352

690422267336

5, 7655,8581,087

66842

1,246510

64056111087

388315

62, 928

18, 77411 039

7 735

59084

104281

3, 1564,077

712269

974251758627

13,0153,3869, 6293,0569,465

10, 795

63, 35018, 92311,065

249633451647

1,307

1,3451,8271,860

1,887418441

7,8581,757

86950

1,396664

1,017937182506363595

3,3334,114

13, 1283,0689,484

10, 705

13, 96914,1008,2078,226

113539371516

1,080468

1,0421,2991,2811,355

686430268344

5, 7625, 8741,086

64846

1,226514

64556811288

391311

63, 465

18, 90611,1307 776

63085

141281

3,2774,115

715268

990254762628

13, 0613,4009,6613,0709,572

10,834

63, 51719, 00211,122

253623456643

1,315

1,3411,8461,877

1,901424443

7,8801,748

85952

1,412665

1,018945183508364

6283,2384,132

13, 1643, 0769,515

10, 762

14,07414, 1548,2778,261

117548373521

1,085473

1,0461,3091,2911,365

692435271351

5, 7975,8931,093

62850

1,24251564657011488

393312

64, 563

19, 25811,3197 939

64588

142288

3,5214,180

728255

1,026260778644

13, 2393,4739, 7663,1129,702

10,906

63, 98319, 16711,220

257628458641

1,333

1,3481,8651,904

1,915428443

7,9471,760

86957

1,424674

1,026961183515361

6323,3004,143

13,2173,0909, 549

10, 885

14,35114, 2818,4198,328

119574380530

1,108487

1,0611,3261,3221,363

686438277358

5,9325, 9531,152

63862

1,25853065358011790

400318

64 274

19 12311 2137 910

64588

140°90

3,6234,171

730947

1 031216792652

13, 2253 5119 7143 1489 782

10 557

64, 07219, 12811,210

257622456643

1, 338

1,3461,8881,903

1,888430439

7,9181,763

85955

1,388679

1,031963186518350

6363,2974,122

13, 2563,0959 609

10, 929

14, 15914, 2018.2778, 293

120568374533

1,102490

1,0351,3241,3021,299

609452275344

5, 8825, 9081,200

62844

1,19852865357811890

395306

64 484

19 39111 2498 149

649OQ

1499QO

3 6414,154

728946

1 031202796653

13 2243 5219 7033 1469 772

10 507

64, 19919, 26211 324

260621462637

1,351

1,3601 9011,948

1,910431443

7,9381,765

80957

1,395677

1,035968184520357

6363 2514,105

13, 2643,1009 647

10 934

14,41714, 3308,3048,395

123570388533

1,100482

1,0581,3251,3451,215

519458279367

6,1135, 9351,291

76862

1,265534

65858411890

406320

64 867

19 53311 4348 099

63787

143981

3 5954,218

721964

1 046262786641

13 2533 4989 7553 1099 707

10 885

64, 16819, 20411 322

262609459633

1,341

1, 3571,9031,941

1, 945432440

7,8821,737

79952

1,390670

1, 035965182517355

6983,2284, 168

13, 2683, 1009 649

10,923

14, 58214,2688, 5018,395

127553387526

1,095477

1,0711,3321, 3661,393

692468280372

6, 0815,8731 , 284

82856

1,257526

66157711689

409312

65 190

19 53811 4708 068

631of;

144

3 4494,198

716968

1 046264785633

13 3853 5219 8643 0999 751

11 139

64, 46619,31211,387

265607460633

1,351

1 , 3651,9121,962

1,951439442

7,9251,750

78950

1 , 403676

1,039969182523355625

3, 2024, 165

13,3403, 1029,712

11,008

14, 58114,3508, 5308, 442

129541388517

1,083467

1,0771,3331,3851,414

702476282378

6, 0515, 9081,244

82854

1 , 26352966457511589

415310

65 389

19 52211 4808 049

698Rfi

140977

3 3104,208

712968

1 045266790639

13 5993 533

10 0663 0989 739

11 985

64, 82319, 41511,424

269607463636

1,351

1,3781,9171,959

1,960439445

7,9911,781

87950

1,406682

1,044974183529355

6243 2044, 195

13, 3933 1109 778

11 104

14,54814, 4368, 5278,467

133532390512

1,080462

1 , 0841,3331,3801, 424

708486284376

6, 0215, 9691,209

'79851

1,260534(16657611489

419312

65, 904

19, 43011,4467 984

62586

143279

3,1284,200

715271

1,031269791633

14,2413,554

10,6873,1059,733

11,442

65, 07619, 44511,439

269605465638

1,343

1,3791,9331,959

1,958444446

8,0061,781

86951

1,409683

1,049976183534354

6263 2934,196

13,3923 1219 821

11 182

14, 44014 4468, 4828,471

135516386500

1,077455

1,0791 3571, 3741,425

702492286348

5, 9585 9751 166

'80845

1 24553267157611389

420310

'64 334

'19 233'11 347r i 886

r 614r 86143

r 275

2,925' 4, 162

r698272

r 1 000* 274

793633

r 13, 322'3 509'9 813

3,095'9 672'11 311

' 65, 381* 19, 468'11,445

••276-620'460

642'1,341

'1,380r 1, 941'1,964

' 1,927446448

' 8, 023'1,780

89' 951

1,415683

' 1, 056'981

182533

'353r 628

3 301' 4, 230' 13, 503

3 129r 9 869' ll' 953

' 14, 233r 14 453' 8, 372' 8, 462

'138'509

377'486

1,077'455

1,0631,3631,361

' 1,382'669'488

286330

' 5, 861' 5,991'1,117

76'835

' 1,233'526

666' 577' 111'89416

'305 1

'64 254

' 19, 183r \\ 3H

r 1 872

r 60987

143°69

r 2, 842' 4, 153

694271

994278796633

' 13, 188' 3 493'9 695' 3,114r 9 746'11 419

' 65, 463'19,388'11,398

281'613

459638

' 1,321

'1,372' 1,935'1,962

'1,927449

'441

' 7, 990' 1,779

'84942

' 1, 397'686

' 1,060'981'182'530

349r 626

'3 351'4 225' 13, 506'3 142r 9 915'11 310

'14,171r 14 363

' 8, 327'8,412

' 141' 506

375481

' 1,068451

' 1,056' 1,363

1,341' 1,379

'660' 489' 286'332

' 5, 844' 5 951' 1,097

'69'830

' 1 248526

'670' 578

111' 89

'410304

64, 579

19, 16311,3017 862

610

2,8934,165

13, 2893,4969,7933,1359,831

11, 493

65, 48619, 35311,386

283620456638

1,311

1,3711,9351,958

1, 925451438

7,9671,787

85940

1,376685

1,065977180527345627

3,3184,220

13, 4583,1579 971

11 382

14, 14114 3088,3108,384

142511373487

1,064

1,0481 3671,3301,366

648494288333

5, 8315 9241 103

65831

1 23552667458011189

406300

r Revised. p Preliminary.!Bcginning in the Sept. 1966 issue of the SURVEY, data for employment, hours, earnings,

and labor turnover reflect adjustment to Mar. 1965 benchmarks; they are not strictly com-parable with previously published figures. Details of the adjustment appear in the BLSSept. 1966 Employment and Earnings report; comparable earlier data appear in BLS Bul-

letin 1312-4, Employment and Earnings Statistics for the United States 1909-66 (Oct. 1966)»$4.50, available from the Superintendent of Documents, Government Printing Office*Washington, D.C. 20402.

9 Includes data for industries not shown separately.




1965 1966

Annual

1966


1967

Jan. Feb. Mar.p


EMPLOYMENT— Continued

Miscellaneous employment data:Federal civilian employees (executive branch) :

United States thousWash , D.C., metropolitan area do__

Railroad employees (class I railroads) :©Total - -- do.

Index seasonally adjusted 1957-59—100

INDEXES OF WEEKLY PAYROLLS!

Construction (construction workers) 1-1957-59= 100_.Manufacturing (production workers)! _ _ doMining (production workers)! do ..-

HOURS AND EARNINGS!

Average weekly gross hours per production workeron payrolls of nonagric. estab., unadjusted:!

All manufacturing estab., unadj.! hours .Seasonally adjusted do

Average overtime -- - -- do .Durable goods industries do

Seasonally adjusted do.Average overtime _. do ..

Ordnance and accessories . __ do_.Lumber and wood products do...Furniture and fixtures doStone, clay, and glass products ._ _do.Primary metal industries do

Blastfurnaces steel and rolling mills do

Fabricated metal products doMachinery ._ _ __ do..Electrical equipment and supplies do

Transportation equipment 9 do_.Motor vehicles and equipment doAircraft and parts do

Instruments and related products doMiscellaneous mfg. industries do

Nondurable goods industries, unadj- do .Seasonally adjusted do

Average overtime _ _ doFood and kindred products _ _ _ _ doTobacco manufactures doTextile mill products do.Apparel and related products __ do _Paper and allied products doPrinting, publishing, and allied ind._ -do. _.Chemicals and allied products doPetroleum refining and related ind_- _ _ d o _ _ _

Petroleum refining doRubber and misc. plastics products doLeather and leather products do

Nonmanufacturing establishments:!Mining 9 _ _ _ _ _. _ _. do..

Metal mining doCoal mining doCrude petroleum and natural gas do

Contract construction . _ _ _ _ _ _ _ d o _General building contractors doHeavy construction doSpecial trade contractors do

Transportation and public utilities:Local and suburban transportation do

Telephone communication doElectric gas and sanitary services do

Wholesale and retail trade _ _ _ ... doWholesale trade doRetail trade _. _ -do.

Services and miscellaneous:Hotels, tourist courts, and motels doLaundries, cleaning and dyeing plants, do. .

Average weekly gross earnings per productionworker on payrolls of nonagric. estab.:!

All manufacturing establishments ! dollars..Durable goods industries do

Ordnance and accessories _ _ . _ _ doLumber and wood products doFurniture and fixtures doStone, clay, and glass products _ doPrimary metal industries . do. .Fabricated metal products _ _ _ do _Machinery doElectrical equipment and supplies doTransportation equipment. _ _ . doInstruments and related products doMiscellaneous mfg. industries do

2,347251

65273.4

144.3136.397.0

41.2

3.642.0

3.9

41.940.841.542.042.141 0

42.143.141.0

42.944.242.041.439.9

40.1

3.241.137.941.836.443.1

38.641.942.241.842.038.2

42.341.6

» 39 942.437.436 140.836 8

42 142 540.441 437.740.836.6

37.938.8

107. 53117.18131. 5788.5487.98

110. 04133. 88116.20127. 58105. 78

137. 71108. 4785.39

2,532265

64072.4

156.7150.4101.3

41.3

3.942.1

4.3

42.340.841.442.042.140.7

42.443.841.2

42.642.843.342.040.0

40.2

3.441.238.841.936.443.4

38.842.142.442.142.038.6

42.742.2

a 40 342 637.636 341.037.0

42 342 540.641 537.140.735.9

37.338.2

111.92121. 67135. 3692.6291.08

114. 24138.09121. 69134.90108. 77

141. 86113.4088.80

2,400252

63170 6

125.4143.896.5

41.341.53.8

42.242.44.2

42.340.441.241.442.040 3

42.244.041.4

42.943.243.642.240.2

40.240.53.3

40.839.642.336.643.138.541.941.641.642.139.2

42.141.640.742.4

36.435 638.236 3

41 842 340.641 637.040.735.8

37.338.0

110. 27120. 69134.0988.8888.58

110. 54136. 08119.00133. 76108. 05

140. 71112.6788.84

2 429255

62971 3

137.9145.397.7

41.441.53.9

42.242.34.2

41.940.641.542.142.140.6

42.244.141.2

42.742.943.442.240.4

40.240.43.3

40.538.342.336.943.3

38.842.041.941.942.038.5

42.641.641. 143.037.736.840.937.1

41 942 040.341.036.940.735.7

37.538.1

110.95120. 69132. 8288.9190.06

112. 83136. 83119.85134. 95107. 53140.06113.1089.28

2,462256

63671 8

145.1146.887.4

41.241.53.9

42.242.34.3

42.141.140.942.142.341.2

42.143.841.1

43.043.742.941.939.7

39.940.33.3

40.438.141.436.143.2

38.642.442.642.641.937.8

41.442.532.842.836.935.840.136.4

42.241 740.141.136.940.635.7

37.438.0

111.24121. 54133. 4692.4888.75

114.09138. 74

119.99134. 03107. 68

141. 47112.7187.74

2,482258

63971.6

152.6149.0102.5

€1.541.54.0

42.342.24.4

42.341.741.442.342.441.2

42.644.141.3

42.442.043.642.340.1

40.340.33.4

40.938.342.236.543.6

38.842.242.742.742.138.6

42.942.241.542.637.035.739.536.8

43.042.040.341.236.940.735.6

37.338.4

112. 05121. 82134. 5194.6690.67

114.63139. 07

121. 84135. 83108. 62

139. 07113.7988.62

2,560274

65272.2

171.1152.5106.5

41.641.34.0

42.342.04.4

42.241.241.842.542.441.3

42.744.141.3

42.542.343.442.240.1

40.540.33.5

41.238.542.636.743.738.942.242.842.142.039.2

43.442.741.842.738.336.642.537.5

43.043.140.741.237.340.736.2

37.138.6

112.74121.82134. 2093.9491.96

115.60139. 50

121.70135. 83108. 62

140. 25113.9488. 62

2,598277

65572.7

180.3148.6105.2

41.041.03.8

41.641.84.1

42.140.940.742.041.641.1

41.943.140.5

41.841.343.141.639.2

40.340.13.5

41.937.641.536.343.5

38.842.043.042.441.339.0

43.142.7

43.139.037.143.438.1

42 642 941.242.138.041.136.9

38.138.6

111.11119. 81133. 8893.6689.13

113.82136. 86119. 42131. 89106.11137. 94111.9086.24

2,598276

65273.0

180.8151.9106.2

41.441.44.0

42.042.14.3

42.040.942.242.442.140.9

42.443.541.1

42.141.643.441.740.1

40.540.23.5

41.538.142.136.943.6

39.041.942.141.541.939.1

43.042.240.842.638.436.842.237.7

42.443.140.741.537.940.836.9

38. 038. 2

111.78120. 54134. 8294.0793.26

115.75138. 09121. 26133. 55107. 68139. 35112.1788. 22

2,556269

64373.1

177.0156.7105.4

41.541.54.2

42.342.34.6

42.440.741.842.242.441.2

42.943.941.4

42.642.943.142.240.0

40.340.23.7

41.840.141.935.743.739.142.142.842.042.337.8

43.042.740.742.538.336.742.337.5

42.143.140.941.437.040.735.8

36.838. 2

113.71123. 94136. 9594.8393.21

116. 05140. 77

124. 84136. 53110. 12144. 84114.7889. 20

2,579270

63973.4

173. 0156.9105.2

41.441.34.1

42.242.24.5

42.340.741.942.242.040.5

42.743.741.3

43.043.543.042.140.4

40.340.23.6

41.339.241.636.643.5

39.142.142.441.742.238.1

43.242.142.242.538.536.942.537.7

42.842.940.841.936.840.735.5

37. 2

113.85124. 07136. 6394. 8393.86

116.47139. 02124. 26136. 34109. 86

146. 63114.9390. 09

2,608272

P63574.4

155. 7156.4102.0

41.341.33.9

42.142.14.2

42.740.041.441.841.940.2

42.343.741.1

42.843.143.342.040.2

40.240.23.4

41.338.541.436.443.5

38.942.242.442.442.038.4

42.242.039.342.536.335.338.736.0

42.542.541.541.736.640.635.2

113.99123. 77137. 9292. 0092.74

115.79138. 69123. 09136. 78109. 74145. 52114.6690.45

i 2, 7361273

* 636'74.7

150.3155.8103.1

41.340.93.7

42.141.74.1

42.739.941.541.641.639.5

42.544.041.2

42.542.742.942.140.0

40.139.93.3

41.340.541.136.243.339.142.142.142.141.938.8

42.542.441.842.237.236.339.836.9

41 842 859.941.737.140.935.9

36 938 1

114.40124. 20138. 7890.9793.79

115. 23137. 28124. 53138. 60110. 42144. 93115. 7891.20

2,609272

"623P69.3

139.5152.1

MOO. 9

40.841.03.4

'41.5Ml. 8

3.7

M2.4'39.9

40.1Ml. 2Ml. 8MO. 6

41.8M3.5MO. 6

Ml. 6Ml.OM2.7

41.539.6

'39.6MO.O

3.0MO. 8'37.8

40.636.142.8

'38.5Ml. 5Ml. 4Ml. 4Ml. 3

38.7

M2.3M2.6MO. 9M2. 537.136.339.6

'36.8

41 5r 41 5

'39.5Ml. 3

36.5MO. 6

35.1

T 36 7r 37 Q

'113.42'122.43' 137. 80

'90.63'113. 71' 138. 36'122.47' 137. 03'109.21- 141. 44rl!4. 13'91.87

2,620273

P618?69.5

'129.4' 149. 3'97.6

40.140.3'3.240.740.9'3.4

Ml. 9'39.5'39.6MO. 5MO. 9

39.8

Ml.OM3.0'39.8

MO. 3'39.3M2.1MO. 8'38.8

39.239.5'2.9

MO. 2'36.0MO.O'35.7'42. 3'38.3Ml. 3Ml. 5Ml. 7MO. 5'37.4

Ml. 642.539.642.135.835.038.735.3

41.641 839.841.5

'36.340.335.0

36 636 8

111.48120. 47

'89.50

' 120. 13

' 107. 46'136.21

' 90. 40

134.7150.398.1

40.340.43.2

41.041.13.4

42.239.840.041.241.1

41.243.340.0

40.438.842.641.239.1

39.439.63.0

40.637.440.235.842.638.741.742.142.141.236.8

41.7

36.8

36.440.435.0

112.44121.361 37 1 ^

Q9 7 '4

90.80

1 3^ 99

120. 721 3fi 83

136. 151 -i o 71

91.49

r Revised. * Preliminary. « Average for 11 months.1 Includes Post Office employees hired for the Christinas season; there were about 124,000

such employees in the United States in Dec. 1966.©Effective Jan. 1965, data reflect change in definition of class I railroads (to $5 million or

more annual railway operating revenues). The index (back to 1963) has been adjusted forcomparability, whereas the number of employees has not. . -vim™

! See corresponding note, bottom p. S-13. 9lncludes data for industries not shounseparately.




1965 1966

Annual

1966


1967

Jan. Feb. Mar.p


HOURS AND EARNINGS!— ContinuedAverage weekly gross earnings per production

worker on payrolls of nonagric. estab.f— Con.All manufacturing establishments f — Continued

Nondurable goods industries dollars. .Food and kindred products. doTobacco manufactures doTextile mill products doApparel and related products doPaper and allied products doPrinting, publishing, and allied ind doChemicals and allied products doPetroleum refining and related ind doRubber and misc. plastics products doLeather and leather products do

Nonmanufacturing establishments: tMining 9 - do

Metal mining _ doCoal mining. _ doCrude petroleum and natural gas do

Contract construction.. doGeneral building contractors doHeavy construction doSpecial trade contractors do

Transportation and public utilities:Local and suburban transportation __ .doMotorfreight transportation andstorage.doTelephone communication doElectric, gas, and sanitary services . . do

Wholesale and retail trade doWholesale trade doRetail trade do

Finance, insurance, and real estate:Banking ._ doInsurance carriers do

Services and miscellaneous:Hotels, tourist courts, and motels doLaundries, cleaning and dyeing plants .. do

Average hourly gross earnings per productionworker on payrolls of nonagric. estab.:f

All manufacturing establishments!- _ dollarsExcluding overtimed" do. _

Durable goods industries. .. doExcluding overtimed1 do

Ordnance and accessories doLumber and wood products... doFurniture and fixtures. doStone, clay, and glass products. doPrimary metal industries _ do

Blast furnaces, steel and rolling mills, .doFabricated metal products doMachinery... doElectrical equipment and supplies doTransportation equipment 9 do

Motor vehicles and equipment doAircraft and parts do

Instruments and related products doMiscellaneous mfg. industries do

Nondurable goods industries doExcluding overtime d1 do

Food and kindred products doTobacco manufactures _ . doTextile mill products doApparel and related products doPaper and allied products doPrinting, publishing, and allied ind . doChemicals and allied products doPetroleum refining and related ind. do

Petroleum refining. doRubber and misc. plastics products. . doLeather and leather products do

Nonmanufacturing establishments:!Mining9 do

Metal mining doCoalmining doCrude petroleum and natural gas do

Contract construction.. doGeneral building contractors doHeavy construction doSpecial trade contractors do.I.I

Transportation and public utilities:Local and suburban transportation, .doMotorfreighttransportationandstorage.doTelephone communication do._-_.Electric, gas, and sanitary services do

Wholesale and retail trade doWholesale trade. doRetail trade do

Services and miscellaneous:Hotels, tourist courts, and motels doLaundries, cleaning and dyeing plants . _ I d o ~ ~ ~ ~

'Revised. v Preliminary. « Average for 11 ntSee corresponding note, bottom p. S-13.

94.6499.8779.2178.1766.61

114. 22118. 12121. 09138. 42109. 6271.82

123. 52127. 30137. 45116. 18138. 01128. 16137. 90144.99

108. 20130. 48109. 08131. 2476.53

106. 4966.61

79.2495.86

51.1758.98

2.612.502.792.673.142.172.122.623.183.462.762.962.583.213.343.142.622.142.362.272.432.091.871.832.653.062.893.283.472.611.88

2 923! 06

«3.452.743.693.553.383.94

2.573.072.703.172.032.611.82

1.351.52

lonths.

98.49103.8284.9782. 1268.80

119.35122. 61125. 46144. 58111.7274.88

130. 24133. 77145. 86122. 26145. 51135. 76145. 14152.44

112. 52135. 15113. 27136. 9579.02

111.1168.57

82. 2'199.32

53.3461.12

2.712.592.892.753.202.272.20

3.' 283.582.873.082.643.333.443.302.702.222.452.352. 522.191.961.892.753.162.983.413.602.661.94

3.053.17

•3.612.873.873.743.544.12

2.663.182.793.302.132.731.91

1.431.60

96.88101. 5987.9181.2268.81

116.37119. 74123. 19140. 61111.1475.26

126. 30130. 62142. 45120. 42139. 05130. 30131.41147. 38

109. 10132. 40112.87135. 6277.70

109. 0867.30

81.4799.22

52.5958.90

2.672.562.862. 723.172.202.152.673.243.542.823.042.613.283.383.262.672.212.412.312.492.221.921.882.703.112.943.383.562.641.92

3.003.143.502.843.823.663.444.06

2.613.132.783.262.102.681.88

1.411.55

96.88101. 6684.6481.2269.37

117. 34121. 06122. 64141. 62110. 4673.92

127. 37129. 79143. 44121. 69143. 26134. 32139. 47150. 26

109. 36131. 88111.63133.2577.86

109. 4867.12

81.8498.85

52.1359.82

2.682.562.862.723.172.192.172.683.253.562.843.062.613.283.373.262.682.212.412.322.512.211.921.882.713.122.923.383.572.631.92

2.993.123.492.833.803.653.414.05

2.613.142.773.252.112.691.88

1.391.57

96.96102.2186.4979.9067.51

117. 50120. 82124. 66145. 69110. 6273.33

121.72133. 88111.52122. 41140. 59131. 74137. 94148. 15

111.83131. 36111.08133. 9978.23

110.4367.47

82.2198.85

52.3660.04

2.702.582.882.743.172.252.172.713.283.592.853.062.623.293.413.252.692.212.432.332.532.271.931.872.723.132.943.423.622.641.94

2.943.153.402.863.813.683.444.07

2.653.152.773.262.122.721.89

1.401.58

98.33103. 8986.9481.4568.26

119. 03122. 22124. 49145. 61111.5774.88

130. 85132. 51152. 31121. 84141. 71132. 09137. 07150. 88

113. 52133. 14111.63135. 1478.60

111.1167.64

82.2198.69

52.9761.44

2.702.582.882.743.182.272.192.713.283.592.863.082.633.283.373.292.692.212.442.342.542.271.931.872.733.152.953.413.612.651.94

3.053.143.672.863.833.703.474.10

2.643.172.773.282.132.731.90

1.421.60

cfD9Ir

99.23104. 2488.5584.3568.63

120. 18122. 54125. 76145. 95111.3076.05

132. 80134. 93153. 41121. 70146. 69135. 05150. 45153. 38

113. 52137. 06113. 15134. 7279.45

110. 7069.14

81.1899.06

52.6862.15

2.712.582.882.743.182.282.202.723.293.602. "853.082.633.303.393.302.702.212.452.342.532.301.981.872.753.152.983.413.622.651.94

3.063.163.672.853.833.693.544.09

2.643.182.783.272.132.721.91

1.421.61

erived bicludes d

99.14105. 5987.2381.7667.88

120. 50121.83126. 00147.06110.2774.49

131. 46135. 79145. 70123. 70150. 15137.27154. 07156. 59

114.59136. 42114. 12139. 3580.94

112.2070.48

82.4399.80

53.7261.76

2.712.592.882.743.182.292.192.713.293.612.853.062.623.303.403.302.692.202.462.352.522.321.971.872.773.143.003.423.632.671.91

3.053.18

2.873.853.703.554.11

2.693.182.773.312.132.731.91

1.411.60

y assumata for in

99.23103. 3482.6883.3670.11

120. 77122. 85125. 70142. 72111.0475.85

131. 58134. 62149. 33121. 84149. 38138. 00152. 34155. 70

113.63136. 63112. 33136. 5480.73

111.3870.11

82.2199.32

53.5860.74

2.702.572.872.733.212.302.212.733.283.592.863.072.623.313.423.322.692.202.452.342.492.171.981.902.773.153.003.393.582.651.94

3.063.193.662.863.893.753.614.13

2.683.172.763.292.132.731.90

1.411.59

ng thatdustries i

99.54104. 9283.4183.3867.83

121.92125. 12127. 14146.80114. 2174.09

133. 73136. 64151. 00123. 68

151.67140. 56156. 09157. 88

112.83138. 78114.11137. 8679 92

111! 9369.09

82. 1499.70

53.7361.88

2.742.612.932.78

3.232.332.232.753.323.612.913.112.663.403.543.332.722.232.472.362.512.081.991.902.793.203.023.433.622.701.96

3.113.203.712.913.963.833.694.21

2.683.222.793.332.162.751.93

1.461.62

overtirmlot show

99.94104.0881.9383. 2070.64

121.37125. 51127. 56145. 43113. 5274.68

134. 78135. 14156.98123.68152. 08141.70155. 55157.96

115. 56138. 14114.24141. 2079.86

112.7468.87

82.81100.44

55.0662.65

2.752.622.942.79

3.232.332.242.763.313.59

2.913.122.663.413.553.352.732.232.482.372.522.092.001.932.793.213.033.433.602.691.96

3.123.213.722.913.953.843.664.19

2.703.222.803.37

2. 771.94

1.481.64

} hours £Q separat

100.10104.9081.2483.2170.25

121. 37124. 87128. 29146. 70112. 9876.03

131. 66135. 24146. 20124. 53143. 39136. 26138. 16151.20

114.75136. 43117. 03140. 5379.79

112.8768.64

82.73100.81

54.8361.99

2.762.632.942.803.232.302.242.773.313.582.913.132.673. 403.523.372.732.252.492.392.542.112.011.932.793.213. 043.463.642.691.98

3.123.223.722.933.953.863.574.20

2.703.212.823.372.18

r.951.491.64 1

ire paidely.

100.25106. 1488.2982.2069 87

120. 81125. 51127.98145. 67112.7176. 82

133.45136. 53155. 91124. 49148. 06140. 84141.29155.72

113.28137. 82115.31140.1180.14

114.5269.65

83.78101. 08

55.3562.87

2.772.652.952.823.252.282.262.773.303.562.933.152.683.413.533.362.752.282.502.402.572.182.001.932.793.213.043.463.632.691.98

3.143.223.732.953.983.883.554.22

2.713.222.893.362.162.801.94

1.501.65 1

at the ra

r 99. 40-106.08'83.1681.6170.40

119. 84r 123. 59' 126. 16' 144. 90'111.51

77.79

'133.67' 136. 32'153.38'127.08'148.77'140.48' 142. 16'156.77

' 112. 88' 132. 80'112.97' 139. 18

80.30'114.09

69.15

'85.04'100.74

' 55. 05' 62. 79

'2.78'2.67

2.952.833.25

'2.29'2.26

2.763.31

'3.58'2.93'3.15'2.69'3.403.50

'3.37'2.75'2.32

2.512.42

'2.60'2.20

2.011.952.80

-3.213.043.503.672.70

'2.01

'3.16'3.20

3.752.99

'4.01'3.87'3.59

4.26

'2.723.20

'2.863.372.202.811.97

1.501.67

te of tin

' 99. 18' 104. 92' 82. 08' 80. 40'71.04

'118.44'123.33'125.55'146.50'108.95' 76. 30

'131.04136.00145. 33125. 88142. 84135. 10138. 16149. 67

113. 57134. 60114. 62141. 52' 80. 22113.65' 69. 30

85.19102. 67

55.6362.19

2.782.682.962.84

'3.25'2.32

2.262.77

'3.303.572.93

'3.152.703.383.46

' 3. 382.76

'2.33'2.53'2.44

2.612.282.01

'1.992.80

-3.22'3.04- 3. 53'3.70

2.69'2.04

'3.153.203.672.993.993.863.574.24

2.733.222.883.412.212.82

'1.98

1.521.69

ie and o

100.08106.7887.5280.8071.60

119. 71125. 00126. 77149. 46111.6575.81

131. 36

145. 73

80.81114. 7469.30

2.792.682.962.843.252.332.272 yg3^29

2.933.162.713.373.453.382.762.342.542.452.632.342.012.002.813.233.043.553.732.712.06

3.15

"~3.~96~

'1 841.98

ne-half.


S-16 SURVEY OF CUKRENT BUSINESS April 1967


1965 1966

Annual

1966


1967

Jan. Feb. Mar.


HOURS AND EARNINGSf— Continued

Miscellaneous wages:Construction wages, 20 cities (ENR): §

Common labor _ - $ per hr_Skilled labor do

Farm without board or rm 1st of mo doRailroad wages (average class I) do

LABOR CONDITIONSHelp-wanted advertising, seas, adj.- .1957-59 =-100__Labor turnover in manufacturing estab.: f

Accession rate, total. .mo. rate per 100 employees _ .Seasonally adjusted do

New hires doSeparation rate total do

Seasonally adjusted doQuit __do. ._Layoff do

Industrial disputes (strikes and lockouts):Beginning in period:

Work stoppages numberWorkers involved thous

In effect during month:Work stoppages numberWorkers involved thous

Man-days idle during period doEMPLOYMENT SERVICE AND UNEMPLOY-

MENT INSURANCENonfarm placements thousUnemployment insurance programs:

Insured unemployment, all programs© doState programs:

Initial claims doInsured unemployment weekly avg1 do

Percent of covered employment: d"UnadjustedSeasonally adjusted

Beneficiaries weekly average thousBenefits paid mil $

Federal employees, insured unemployment,weekly average thous

Veterans' program (UCX):Initial claims do

Beneficiaries weekly average doBenefits paid mil. $

Railroad program:Applications thous..Insured unemployment, weekly avg .__doBenefits paid mil. $__

3.4154.9511.14

i 3 008

155

4.3

3.14.1

1.91.4

3,9631,550

23, 300

6, 473

1,419

12 0471,328

3.0

1,1312,166

25

2663634

67.5

13830

60. 5

3,6235.2071.23

190

4.8

3.84.6

2.61.2

4, 2001, 800

25, 000

6,493

1,123

10, 5751,061

2.3

8951,771

21

1822119

39.5

14520

30.3

3.5205.087

3.134

191

4.24.93.13.64.41.81.01 2

240107

380142865

460

1,678

9851,590

3.62 6

1,413217.2

29

183130

4.6

428

4.1

3.5205.097

3.049

201

4.95.23.74.14.62.31.01 2

310198

450236

1,350

5-17

1,381

7691,301

2.92 3

1,272225.5

26

172726

4.6

526

5.2

3.5335.1081 28

3.083

189

4.64.83.64.34.72.51.01 2

350228

500379

2,450

533

1,112

6931,044

2.32.2931

155.5

21

132221

3.6

623

3.6

3.5675.141

3.083

185

5.15.14.14.34.72.5.9

1.1

480208

640294

2,870

568

916

665862

1.92.1806

126. 1

18

121818

2.9

4218

3.8

3.6445.213

3.075

184

6.75.35.64.44.92.51.01.3

430150

660243

1,950

622

841

690793

1.82.1702

114.4

18

141716

2.9

2515

2.9

3.6785.2381.26

3.095

186

5.14.63.95.35.02.52.01.7

420235

660299

2,980

549

1,001

1,019947

2. 12.4719

113.8

19

171915

2.4

1816

2.1

3. 6935. 273

3. 060

189

6.45.14.85.84.83.61.11.0

440108

700331

3, 420

619

980

826928

2.02.4791

] 43. 1

18

161918

3.2

815

3.7005. 294

3.098

189

6.15.04.76.65.14.51.01.1

380117

620221

1,950

619

802

626755

1.62.2640

106.5

16

121514

2.6

16

3.7005.3011.18

3.106

193

5.15.14.14.84.52.81.11.0

390193

630260

2, 290

592

799

709753

1.62.1589

93.7

16

131412

2.1

616

3.7105.330

194

3.94.93.14.34.52.11.31.1

320114

550221

2, 170

513

955

915903

1.92.2673

114.8

17

151613

2.4

618

2. 6

3.7205.335

193

2.94.5

I'. 24.41.71.81.3

15033

360148

1,810

421

1,313

1, 2801,254

2.72.4902

157.6

20

172116

3.0

19

3.7485.3551.33

189

'4.3'4.6'3.0'4.5'4.6'2.1

1.51.4

27598

440190

1,270

440

1,631

1,3461,558

3.32.4

1,276224. 8

23

192522

4.0

25

3.7525.364

190

P3.6P 4 . 2*2.6"3.9P 4 . 7"1.8pl .3p l . 5

325106

465151

1,280

407

1,654

1,0871,582

3.42.5

1,349219.5

24

152523

3.9

23

3.7575.371"1.34

P185

FINANCE

BANKING

Open market paper outstanding, end of period:Bankers' acceptances mil. $Commercial and finance co. paper, total do

Placed through dealers _ _ do _Placed directly (finance paper) do

Agricultural loans and discounts outstanding ofagencies supervised by the Farm Credit Adm.:

Total, end of period mil $Farm mortgage loans:

Federal land banks doLoans to cooperatives doOther loans and discounts do

Bank debits to demand deposit accounts, exceptinterbank and U.S. Government accounts,annual rates, seasonally adjusted: A

Total (233 SMSA's)O ' bil. $New York SMSA . do

Total 232 SMSA's (except N.Y.) do6 other leading SMSA 'si do226 other SMSA's do

Federal Reserve banks, condition, end of period:Assets, total? - - - - mil. $.

Reserve bank credit outstanding, total 9 _ _ d oDiscounts and advances do._.U.S. Government securities do

Gold certificate reserves do

Liabilities, total 9 -._ do

Deposits, total doMember-bank reserve balances^ do

Federal Reserve notes in circulation _do

Ratio of gold certificate Reserves to FR noteliabilities percent-.

3, 3929, 0581,9037, 155

8 080

4,2811 0552,745

5, 151.82, 138. 53, 013. 31,140.91,872.4

65, 371

43, 340137

40, 76813 436

65, 371

19 62018,44737, 950

35.4

3, 60313, 2793, 089

10, 190

9 452

4 9581 9903,205

5,923 12, 502. 23, 420. 91, 328. 12, 092. 7

70. 332

47, 192173

44, 282I9 674

70, 332

20 97219, 79440, 196

31.5

3,31310, 365

8 537

8 qfi7

A QCC

1 1 A^

2 007

5, 673. 02, 375. 63, 297. 41, 265. 12, 032. 3

63, 794

42, 717315

40, 18913, 432

63, 794

19, 20518,01437, 322

36.0

3,38810, 7329 Qgg

8* 666

8 570

4 4771 1372* 956

5, 784. 62,411.73, 372. 91,313.62, 059. 3

64, 124

42, 840327

40, 73413, 204

64, 124

19, 23318, 00037, 432

35.3

3,46411,2392 2538 986

8 788

4 5531 1483' 087

5, 858. 02, 501. 53, 356. 51,281.62, 074. 9

65, 452

43, 285452

40, 71313, 190

65, 452

19, 84118,73637, 536

35.1

3,41811,4379 113

9 324

8 946

4 6471 1063 193

5, 909. 22, 513. 53, 395. 7"1,326.82, 068. 9

64, 797

43, 940441

41, 48013, 092

64, 797

19, 67318, 11937, 880

34.6

3,42010,7699 0908 679

9 145

4 7251 1053 315

5, 908. 32, 494. 13,414.21, 327. 02, 087. 2

66, 520

44, 656292

42, 16912, 993

66, 520

20, 08318, 56738, 258

34.0

3,36912, 183

9 892

9 351

4 7881 1673 396

5, 868. 32, 394. 13, 474. 21, 343. 62, 130. 6

67, 574

45, 816877

42, 38012, 890

67, 574

21,35419,15538, 583

33.4

3, 38712, 835

10 182

q 412

4 8r>3- 1903 368

6, 092. 42, 597. 03, 495. 41, 357. 12, 138. 3

66, 342

44, 450386

42, 51812,788

66, 342

19, 59117, 39938, 660

33.1

3,37011,7782 7739 005

9 406

4 9001 1993 308

6, 105. 22, 559. 13, 546. 11, 387. 22, 158. 9

67, 385

45, 475773

42, 90712, 779

67, 385

20, 88719,53838,. 623

33.1

3,35913, 0452 97710 068

9 381

4 9261 2193 936

6, 065. 42, 551. 83, 513. 61, 364. 92, 148. 7

67, 257

45, 501410

42, 97512, 776

67, 257

20, 76719, 33838, 759

33.0

3,45714,1693 153

11 016

9 357

4 938I 9753 143

6, 078. 52, 566. 63,511.91, 373. 82, 138. 1

68, 376

46, 281458

43, 91212, 667

68, 376

19, 98719, 09339, 581

32. 0

3,60313,2793 08910 190

9 452

4 9581 2903 205

6, 406. 52, 844. 63, 561. 91, 405. 12, 156. 8

70,332

47, 192173

44, 28212,674

70, 332

20, 97219, 79440, 196

31.5

3, 60115, 1613 44911 712

9 560

4 9861 3233 251

6, 409. 12, 847. 33,561.81, 362. 22, 199. 6

67, 493

45, 60271

43, 46412, 678

67, 493

20, 17118,77339,216

32.3

3,57515, 1993 781

9 721

5 0361 3423 343

6, 294. 92, 724. 73, 570. 21,389.52, 180. 7

67, 490

45, 799165

43,97112, 626

67, 490

19, 87918, 91639,115

32.3

67,385

46, 50742

44, 90812, 611

67, 385

20, 56119,14839,013

32.3

'Revised. r> Preliminary. 1 Includes adjustments not distributed by months.§Wages as of Apr. 1, 1967: Common labor, $3.757; skilled labor, $5.374.(See corresponding note, bottom of p. S-13. « As of Apr. 1. 1967.0Excludes persons under extended duration provisions.c?Insured unemployment as % of average covered employment in a 12-month period.' Corrected,

ARevised series.OTotal SMSA's include some cities and counties not designated as SMSA's.Încludes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland, and Los

Angeles-Long Beach.9 Includes data not shown separately.


April 1967 SUKVEY OF CURRENT BUSINESS S-17


1965 1966

End of year

1966


1967

Jan. Feb. Mar.

FINANCE—Continued

BANKING- Continued

All member banks of Federal Reserve System,averages of daily figures:

Reserves held, total . _ _ _ - _ . _ mil. $_Required- - - _ - - - - - - - - doExcess - . do

Borrowings from Federal Reserve banks doFree reserves do

Largo commercial banks reporting to Federal Re-serve System, Wed. nearest end of yr. or mo.:0

Deposits:Demand, adjustedo71 mil. $Demand, total 9 do

Individuals, partnerships, an d corp doState and local Governments __ . doU.S. Government doDomestic commercial banks do

Time, total 9 _ _ doIndividuals, partnerships, and corp.:

Savings doOther t ime. - _ _ - _ do_ __

Loans (adjusted), totaled--- - - doCommercial and industrial doFor purchasing or carrying securities doTo nonbank financial institutions doReal estate loans doOther loans do

Investments, total doU.S. Government securities, total do

Notes and bonds doOther securities do

Commercial bank credit (last Wed. of mo., exceptfor June 30 and Dec. 31 call dates), seas. adj.:t

Total loans and investments© bil. $Loans O . _ _ _ _ _ . . . doU.S. Government securities doOther securities do

Money and interest rates: §Bank rates on short-term business loans:

New York City do7 other northern and eastern cities do11 southern and western cities do

Discount rate (N.Y.F.R. Bank), end of year ormonth percent

Federal intermediate credit bank loans doFederal land bank loans. __ .do ...Home mortgage rates (conventional 1st mort-

gages) :New home purchase (U.S. avg.) percent. _Existing home purchase (U.S. avg.) do

Open market rates, New York City:Bankers' acceptances (prime, 90 days). _ _ d oCommercial paper (prime, 4-6 months)__doFinance Co. paper placed directly, 3-6 mo-doStock Exchange call loans, going rate doYield on U.S. Government securities (taxable):

3-month bills (rate on new issue) percent. .3-5 year issues _ do

Savings deposits, balance to credit of depositors:N.Y. State savings banks, end of period mil. $_ -U.S. postal savings ^ do

CONSUMER CREDITt(Short- and Intermediate-term)

Total outstanding, end of year or month mil. $._Installment credit, total _ _ _ do .

Automobile paper doOther consumer goods paper . . doRepair and modernization loans doPersonal loans. _ _ _ . . . _ _ d oBy type of holder:

Financial institutions, total. . _ doCommercial banks. doSales finance companies doCredit unions doConsumer finance companies . _ do _Other do

Retail outlets, total do...Department stores doFurniture stores __ _ . doAutomobile dealers . . _.do -Other do

Noninstallmerit credit , total doSingle-payment loan s , total do

Commercial banks doOther financial institutions . _.. . do

* 22, 719i 22, 267

1 45214541 —2

75, 901

110 20181,070

5,8544,059

12, 39985, 298

50, 69422,111

125, 78953, 1136 633

11,18725 57734 91752 81126 63821 59196 173

294 4192 057.744 8

3 5 QQ

3 4 833 5 093 5 34

4 5034.943 5.43

35.7635.89

M.2254.38s 4. 275 4. 69

5 3. 954s 4 22

30, 312309

87, 88468, 56528 84317, 6933, 675

18, 354

60, 27329 17316 1387,5125, 6061 8448,2924,4881,235

4472 122

19, 319

7, 6826, 5871.095

1 23, 8301 23, 438

*392*557

1 —165

74 983

114 62682, 985

6,1273,879

13, 838

89, 495

47 09928, 979

r!34, 571' 60, 747

6 686r 11,225

27 429T 34 543

51 41024, 75019 76826 660

2 310 72 208 2' 54. 32 48 3

3 6 003 5 843 6 063 6 14

4 503 5.823 5.72

3 6.1136.24

5 5.365 5. 55' 5.42s 5. 78

5 4. 8815 5 16

32,025122

94, 78674 65630 96119 8343,751

20 110

65 56532 15516 9368 5496 0141 911

9,091

490

20, 1307,8446, 7141.130

22, 23321, 862

371478

-107

71,369105, 85277, 169

5,9753,371

12, 587

86, 774

50,41023, 962

125, 69153, 855

6, 45010,71125 82234 01950,68424, 65420 29126 030

297 5196 255. 945 4

4 505.355.43

5. 855.97

4.864.884.885.25

4.6705. 02

30, 574299

86, 56568, 27928, 89417, 3863,603

18, 396

60, 33129, 31216 0727,4735,6211 853

7,948

451

18, 286

7,7316,6301.101

22, 16021,855

305551

-246

72, 357

103,81876, 0286,1033,476

11,51188, 219

50,51025,146

127, 20755, 199

6,21810,91325,97134 948

49, 70823, 68919, 94526, 019

300.3198.656.045.7

5 555 415 585 70

4.505.405.48

5.906.01

4.965.215. 025. 41

4.6264.94

30, 797292

87, 059

C8, 82729, 24817, 4503, 597

18, 532

60, 86329, 68416,1067, 5935,6301,8507,964

459

18, 232

7, 7956, 6761.119

22, 52822, 170

358626

-268

74, 005107, 79079, 0095,9464,260

11,79989, 060

48,71127,110

128, 35755, 031

6, 86411,10626, 16034 708

50, 88924, 13620, 09926, 753

302. 9200.855.946.2

4.505.535.49

5.996.09

5.005.385.255.50

4.6114.86

30, 496277

88, 18469, 54329, 59717, 5973, 602

18, 747

61,53930, 12716. 1917,7115, 6701,840

8,004

466

18, 641

7, 8366, 7171.119

22, 48722, 117

370722

-352

71,777109, 35377, 4676,5285,029

12,68690, 008

48, 42628, 272

130, 61056, 384

6,97411,24626, 41035, 79149, 93422, 95319, 48726, 981

304.9202.355. 147.4

4.505.655.52

6.026.16

5.185.395.385.50

4.6424.94

30, 581230

89, 09270, 20929, 90817, 7323,642

18, 927

62, 17830, 50716, 2637,8395, 6951,874

8, 031

472

18, 883

7, 9256,7841,141

22, 53422 212

322674

-352

'70, 236'107, 169'74, 679r 6, 103r 7, 678'11, 422

'89, 234

'47,818'28, 427

'131,338'57,752' 6, 946'11,772'26,311'34,529'49,454'22,121'19,293'27,333

2 307. 72 204. 0

55.1248.6

5 825 655 866 00

4.505.685.60

6.076.18

5.395.515. 395.52

4.5395.01

30, 716192

90, 07071,19430, 40217, 9593,677

19. 156

63, 09731,01316, 4548, 0095, 7421,879

8,097

480

18, 876

7, 9016, 7671,134

23, 090'22.686

'404766

'-362

'70, 647'105,509'75,914

5,986'4,310'12, 266

'91, 024

47,386'30, 626

'132,373'59,007' 6, 140'11,34426,868'34,519'49,79022, 287'19,591'27,503

309.2206.454.448.5

4.505.915.93

6.126.24

5.585.635.516.00

4.8555.22

30, 868182

90, 65071,86230, 68018, 1653,711

19, 306

63, 74531,39816, 5858,0935,7911,878

8,117

485

18, 7887,8446,7201,124

22, 65522, 317

338728

-390

'71, 221

'104,509'76,597

5,7383,177

12, 058

'91, 254

47, 22830, 859

'131,236'58,274

6,49610, 454'27,136'35,23550, 87423, 47419, 24827, 400

310.8206.6

56. 148.1

4.505.995.96

6.186.35

5.675.855.636.12

4.9325. 58

31, 006169

91,48372, 64030, 91818, 3903, 755

19, 577

64, 45431,73716,7328,2385, 8461,901

8,186

489

18, 8437,8496,7181,131

23, 24022, 842

398766

-368

71,052104,71276, 1255,6964,512

11,71090,379

47, 23730, 304

132,012'59,4085,821

10, 822'27,332'34,338'47,29323, 12719, 03327, 500

308.7206.154.348.3

6 306.136 406 42

4.506.135.96

6.226.40

5. 755.895.676.25

5.3565.62

31,290159

91, 63972, 82930, 79318, 5643,771

19, 701

64, 61331, 77816, 7598, 3245,8581,894

8, 216

487

18,8107,8146. 6921, 122

23, 33323, 031

302733

-431

'72, 472'107,392'77,517

6,6143,460

12, 692

88, 735

46, 96229, 197

131,986'59,691

5,703'10,64227, 446'33,956'46,37622, 81018, 94326, 768

308.1207.352.448.4

4.506.295.96

6.326.49

5.726.005.826.25

5.3875.38

31, 398147

91,89973, 07330, 85218,7143,770

19, 737

64, 79231,87816,7718,3915,8631,889

8,281

489

18,8267,7686, 6561,112

23, 25122, 862

389611

-222

'72,997'108,81779, 3596,3002,779

13, 077

88, 383

46, 92428, 944

'131,551'60,010' 5,334'10,346'27,490'34,57149, 82323, 43819, 58926, 385

308.4207.352.948.3

4.506.335.96

6.406.50

5.676.005.886.25

5. 3445.43

31,590140

92, 498

73, 49130,93718,9453,772

19, 837

65,04631,97816,7908,4805,8811,917

8, 445

490

19, 007

7,8076,6781,129

23,83023,438

392557

-165

74,983114, 62682, 9856,1273,879

13, 838

89, 495

47, 09928, 979

'134,571'60,747

6,686'11,22527, 429'34,64351,41024, 75019, 76826, 660

310.7208.2'54.3

48.3

6 316.166.386.46

4.506.385.96

6.446.52

5.606.005.886. 25

5.0075.07

32, 025133

94, 78674, 65630, 96119, 8343,751

20,110

65, 56532, 15516, 9368,5496,0141,911

9,091

490

20,1307,8446, 7141,130

24,07523,702

373389-16

73, 703111,76879, 2156,7713,355

13, 481

92, 985

46, 45932, 425

133, 26860, 2587,419

10, 29627, 291'34,34553, 16325, 75820, 24627, 405

314.5211. 353.849.5

4.506.385.96

<6.4746.54

5.235. 735. 506. 20

4.7594.71

32,341109

93, 47974, 01530, 68919, 6493, 703

19, 974

65, 16232, 03316, 8148,4435,9691,903

8,853

488

19, 464

7,7796, 6591,120

'23, 710'23, 352

'358362

r _4

72, 600

109, 63579, 254

6,3102,944

13, 236

94, 240

46, 60933, 013

132, 35060, 7306,7999,942

27,16833, 80854, 14725, 62921, 05828, 518

316.2210.754.950.7

4.506.385.96

6.446.49

4.885.385. 195.75

4.5544.73

32, 564102

92, 517

73, 59830, 53019, 4263,666

19, 976

64, 96631, 90716,6968,4295, 9651,9098,632

485

18, 919

7,7546,6341, 120

23, 40(22, 96<

43'19<23!

72,84106, 5977,465,933,75

12,4696,13

47,0934,05

133, 0261,966,649,61

27,1333,8556,0326,7721,2429,26

321.212.57.51.

a 4. 5

4.05.25.05.7

4.284.5

9

:i Discount rate for Apr. 7 is 4.00 percent. ' Revised.1 Average for Dec. - Effective with the June 9 change in Federal Reserve regulations,

data exclude loan balances accumulated for payment of personal loans (about $1.1 bil.); begin-ning June 30, about $1 bil. of certificates, formerly in "other loans," are in "other securities."-1 Average for year. •' Beginning Jan. 1967, data are on a new basis; they are not comparable,with earlier iigures. 5 Daily average.

©All data shown reflect changes in coverage and format; comparable data for July 1965Jan. 1966 appear in the Mar. 1967 issue of Federal Reserve Bulletin.

cf For demand deposits, the term "adjusted" denotes demand deposits other than domestic

commercial interbank and U.S. Government, less cash items in process of collection; forloans, exclusive of loans to domestic commercial banks and after deduction of valuationreserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).

9Includes data not shown separately. {Revised monthly data for commercial bank credit,prior to June 1965 appear on p. 28 of the Nov. 1966 SURVEY; those for consumer credit priorto Mar. 1965 appear in the May 1966 Fed. Reserve Bulletin. ©Adjusted to exclude inter-bank loans. §For bond yields, see p. S-20. ^Monthly data are as of the following dates:1966—Feb. 25; Mar. 25; Apr. 22; May 20; June 30; July 15: Aug. 12; Sept. 9; Oct. 7; Nov. 4;Dec. 2; 1967—Jan. 27; Feb. 24; Alar. 24.




1965 1966

Annual

1966


1967

Jan. Feb. Mar

FINANCE—Continued

CONSUMER CREDIT§— Continued

Total outstanding, end of year or month— Con.Noninstallment credit— Continued

Charge accounts, total mil. $_

Other retail outlets doCredit cards do

Service credit - - - - do

Installment credit extended and repaid:Unadjusted:

Extended total do_ _\utornobile paper doOther consumer goods paper doAll other do

Repaid total do _Automobile paper _ _ _ -doOther consumer goods paper doAll other do. -

Seasonally adjusted:Extended total do

Automobile paper doOther consumer goods paper doAll other do

Repaid total do

Other consumer goods paper do\11 other do

FEDERAL GOVERNMENT FINANCE

Net cash transactions with the public: d"Receipts from mil. $Payments to -doExcess of receipts or payments ( — ) do

Seasonally adjusted, quarterly totals: |e e [ i - _ - _

F f P ints or nivment<; ( } do

Receipts and expenditures (national income andproduct accounts basis), qtrly. totals, seas.adj. at annual rates: *

Rcceiuts bil $

S I i f i c i t ( ") d o

Budget receipts and expenditures:Receipts total mil $

Receipts netf - -do_ __Customs do

Individual income taxes doCorporation income taxes doEmployment taxes do

Expenditures total! do_Interest on public debt doVeterans' benefits and services doNational defense - do\11 other expenditures do

Public debt and guaranteed obligations:Gross debt (direct), end of yr. or mo., total-bil. $--

Interest bearing, total _ . -- _do_Public issues do

Special issues d o _ _

Noninterest bearing and matured .-do

Guaranteed obligations not owned by U.S. Treas-ury end of year or month bil. $

U.S. savings bonds:Amount outstanding, end of yr. or mo-_.doSales series E and II do _Redemptions do

LIFE INSURANCE

Institute of Life Insurance:Assets, total, all U.S. life insurance companies J

bil $Bonds (book value) total doStocks (book value), total doMortgage loans total do

Nonfarm do

Real estate doPolicy loans and premium notes doC'ish doOther assets do

Payments to policyholders and beneficiaries in" U.S., total -- mil. $

\latured endowments doDisability payments do

Annuity pavments doSurrender values doPolicy d i vidends do

i 6, 7461 968

1 5 055i 723

1 4, 891

75, 50827, 91421. 45426, 140

67, 49524. 26719, 35523, 873

123,376127, 920—4 544

124 9193 4

1 6

124 35496, 6791 , 646

56 10227 03517 26822 303

101,37811 6155 151

52! 77332 582

i 320. 901 316. 52i 270 26

1 1 T 51

i 46. 26i 4. 39

1 46

i 50. 464 495 44

1 158 881 70 15

i 9.13* 60. 01i 55.19

1 4.68i 7. 681 1 50» 5. 73

11.416.64 831 4

931 1163 0

1 038 91 93° 3

1 2,519.9

i 7, 144

18741 5, 142

78, 89628, 49123, 50226, 90372, 80526, 37321,36125, 071

145, 136150, 868— 5 731

142 5142 2

3

146, 863110,802

1,93066, 15131, 98624, 05922 736

118, 07812, 7525,838

64, 27135, 872

i 329. 32i 325. 02i 273. 03i 16 69151.99

i 4. 30

1.49

i 50. 924.866.00

12, 342. 25 918 2'98L 6

169. 31 152.62, 120. 62, 699. 9

5,505

7465,050

5,5172,0841,5271,9065, 5521,9791,7071,866

6, 4922,3401,9572, 195

5,9542 1351,7812,038

12,40011,2641 136

12,4328, 335

129

6 986573

3, 1171 6278,156

976513

4, 4832 200

323.31

318. 92273. 1415 8245. 784.39

.43

50. 45.35.46

160. 2370. 667.29

60. 8855. 994.707.771 307.63

909.8403 577.91° 2

90.0157. 0169. 2

5, 393

7555,044

6,8652,6761,8902,299

6,3172,3221,8262, 169

6,6732, 4791,9592,235

6,0242, 2161,7082,100

13, 80412, 0861,718

33, 68436,908— 3,224

136.0133.7

2.3

15, 70111,297

168

4,3767,2442,0401 873

10, 1931,035

5255,6003, 038

321.00316. 58270. 62

15 6445.96

4.42

.46

50.49.46.54

160. 8070. 98

7.2761. 2956. 32

4.727.851.027.67

1,139.5503 0

94.816.6

100.3196. 5

1 228. 3

5,670

7655, 135

6,6582,4861,8742,298

5,9422,1371,7272,078

6,5052,3021,9582, 245

5,9742 1451,7292,100

11,85311,325

528

13, 0729,929

151

7,3412,4401,3201,8218,3621,013

2894,9952,078

319. 58315.22270. 3015 4744.92

4.36

.47

50. 52.43.51

161.4871.157.28

61.7156.65

4.737.96.90

7.74

984.2418 182.313.6

90.9178. 6200.7

5,860

7885,098

6. 6942,5261,8982, 270

6, 0282, 2151,7632,050

6, 4722,2981,9332, 241

5, 9792 1591,7842,036

13,91612, 8211,095

13, 7468,452

158

7,389751

3,6151,8339,0551,025

4854,8952,650

322. 36317. 93269. 1215. 5848.80

4.43

.47

50.58.41.47

162. 0471.187.31

62. 1056.98

4.748.051.017.65

978.7425. 180.914.092.5

178. 2188.0

5,908

8245,067

7,2362,7462,0132,477

6,2512, 2521,7862,213

6,6752,4191,9442,312

6,1262,2111,7672, 148

20, 39112, 0538,338

39, 64935, 9833,666

141.0137.1

3.8

20,81717,151

172

7,2958, 2512, 7192, 380

9, 4391,068

3596, 3031, 757

319.91315. 43264. 31

15 5051. 124.48

.46

50.63.40.49

162. 5171.107.33

62. 5557.38

4.748.161.007.63

1, 081. 1450 088.015. 2

95.7189.4242.8

5,888

8615,056

6,6702,4661,9452,259

6,0022, 1881,7392,075

6,7322, 3832,0502,299

6,1682,2381,8032,127

8,10312, 927

-4, 824

7,9935,702

158

3,725878

1,6741,558

10,2631,091

4504,9103,851

319.28314. 88264. 1815.5850.70

4.40

.49

50.70.41.50

163.4971.597.38

62.9757. 78

4.788.291.127.36

916. 2406. 273.013.795.3

165.0163.0

5,973

9165, 021

7, 0252,5432, 0232, 459

6,2472, 3051,7982,144

6, 6892,4311,9952,263

6, 0872, 2231,7922, 072

11,76415. 206-3 442

10, 5867,197

179

5, 268606

2, 6141,920

11,0421,064

4445,5604, 025

324. 42319. 7026S. 4615.9653.24

4.72

.48

50.74.39.48

163.9471.657.36

63.3458. 13

4.798.451.187.17

1, 087. 1459. 1

77.613. 0

] 00. 4182.6254. 4

5,993

9325,003

6,1892,0701,9352,184

6,0002,1951,7612,044

6,5782,3871,9582,233

6,1032, 2131,7842,106

14, 74813, 1501,598

36, 33940, 041

-3, 702

145.3145.8

— .5

14, 83312, 475

170

6, 4004, 5471, 7931, 924

11,8831, 086

5325,9734,345

324. 75320. 01266. 95

16 0253.07

4.73

.50

50. 70.40.57

164. 4971.627.29

63.6858.46

4.828.671.107.31

1,022.0419 179.915.0

95.0176.9236.1

6,107

8984,951

6,4032,3691,9492, 0856,1592,3101,7992, 050

6,5222, 3781,9412, 2036, 1422, 2441,8202,078

7,52312, 604

-5,080

7,9105,811

170

3,711797

1,2202,011

10,9771,098

5465, 5364,122

326. 89322. 30270. 41

16 0651.89

4.59

.50

50.77.41.47

165. 4371.697.34

64 0158. 784.848.871 267.43

993.5421 180. 112.4

94.2174. 1211.6

6,199

8785,001

6,6112, 3462,0442 221

6, 1932,2611,8132,119

6,6572,4611.9472,249

6,2132 2551,8362, 122

10, 69813, 654

- 2, 955

9,8197,394

179

5,303580

1, 8681 888

10, 3861,100

5555,5003 233

329. 41324. 86272. 31

16 2952. 554.55

.49

50.84. 37.41

166.2271.877.36

64. 3559. 12

4.841 9.00

1. 337.47

956. 0407 0

79. 213. 1

98.2166.9191.6

7,144

8745,142

7, 4422, 1782,7202, 5446,2772, 1541,8312,292

6,4332, 2971,9282,208

6, 1129 995

1,7962, 091

12,84512, 545

299

36, 80237, 820

— 1,018

147.9151.5—3.6

12, 81510, 606

1614, 2174,6361,6552, 1469, 5121, 160

6105,9111.861

329. 32325. 02273. 03

16 6951.994.30

.49

50. 92.37.45

166. 9471.787.44

64.8059.56

4.889.141.497.43

1, 309. 8494.282.816.1

95.6193.3427. 8

6,472

9085,213

5,6741,9231,8081,943

6,3152,1951,9932,127

6,5012,2402,0312, 2306,2212 2021,8822, 137

11, 25111,641-390

11,3249,386

1606,749

8231,6731,9189,9871, 173

467r 6, 201r 2, 238

328. 87324. 94273. 6916.9051.25

3.93

.50

50.93.49.63

168. 2172. 347.50

65.1959.96

4.889.251.407.64

1, 048. 2456.093.214.8

116.5177.7190.0

5,824

8955,341

5,4881,9161, 6551,917

5,9052, 0751,8781,952

6,4972, 1772, 0999 291

6,2812 2171,9152,149

12, 30811,852

456

12, 0467,757

1346,212

6353,3521 713

9,4591,108

5625, 7642,042

329. 62325. 69274. 2018 0451. 493.93

.51

51.01.43.47

168. 9372.59

! 7.5865.5060. 264.899.341.337.70

968. 1416.6

: 80.013.4

98.8! 167.11 192. 2

158.7

330. 95327. 01274. 95

52. 06

-3.94

.51

51.09.46.52

1 Revised. p Preliminary.! End of year; assets of life insurance companies are annual statement values.^See note "t" on p. S-17. o"Other than borrowing. I Revisions prior to 1965 for cash

transactions with the public (seas, adj.) and for Jan. 1964-Jan. 1966 for assets of all life insur-ance companies will be shown later.

*New series; latest revised data for earlier periods appear in the Aug. 1965 and July 1966issues of the SURVEY. K'Data for net receipts and total expenditures reflect exclusion ofcertain interfund transactions.




1965 1966

Annual

1966


1967

Jan. Feb. Mar.

FINANCE— Continued

LIFE INSURANCE— Continued

Life Insurance Agency Management Association:Insurance written (new paid-for insurance) :t

Value estimated total mil. $Ordinary _ . d oGroup and mass-marketed ordinary do_Industrial do

Premiums collected: tTotal life insurance premiums do

Ordinary doGroup and wholesale doIndustrial do

MONETARY STATISTICS

Gold and silver:Gold:

Monetary stock, U.S. (end of period) __ . rn i l . $..Net release from earmark § doExports thous. $Imports do

Production, world total mil. $South Africa doCanada doUnited States do

Silver:Exports thous $Imports doPrice at New York . . _dol. per fine ozProduction:

Canadaj thous fine ozMexico doUnited States do

Currency in circulation (end of period) bil $

Money supply and related data (avg. of daily fig.) : JUnadjusted for seas, variation:

Total money supply bil $Currency outside banks doDemand deposits do

Time deposits adiustedl- doU.S. Government demand deposits do

Adjusted for seas, variation:Total money supply do

Currency outside banks doDemand deposits „ do

Time deposits adjusted^ do

Turnover of demand deposits except interbank andU.S. Govt., annual rates, seas, adjusted: t

Total (233 SMS A 's) 9 ratio of debits to depositsNew York SMS A _ do :

Total 232 SMSA's (except N Y ) do6 other leading SMSA'sd* do_-226 other SMSA's do

PROFITS AND DIVIDENDS (QTRLY.)

Manufacturing corps. (Fed. Trade and SEC):Net profit after taxes, all industries mil $

Food and kindred products doTextile mill products doLumber and wood products (except furniture)

mil $ iPaper and allied products doChemicals and allied products doPetroleum refining doStone, clay, and glass products do 'Primary nonferrous metal do 'Primary iron and steel. doFabricated metal products (except ordnance,

machinery, and transport equip ) mil $Machinery (except electrical) doElec. machinery, equip., and supplies doTransportation equipment (except motor

vehicles, etc.) _ mil $Motor vehicles and equipment doAll other manufacturing industries do

Dividends paid (cash), all industries do <Electric utilities, profits after taxes (Federal Re-

serve) mil $Transportation and communications (see pp. S-23

and S-24).

SECURITIES ISSUED

Securities and Exchange Commission: 1Estimated gross proceeds, total . mil. $

By type of security:Bonds and notes, total do

Corporate ._ do iCommon stock doPreferred stock. _ do i

'r142,166r 82, 521] 52,349

7,296

15, 17611,3572 4361 383

13, 733— 198

1,285,097101 669

21, 430. 01,069.4

125.658 6

54, 06164 769

1.293

31,91740, 33344, 423

42. 1

162. 635.3

127. 3137.6

6.3

48.399.635.344.931.3

27,5211,896

694

3384753

3, 1884 442

761970

1.401

1 1512 4991 926

7213 496

4 3, 285

11 979

9 sgg

40, 108

37 83613, 7201,547

725

' 122, 479* 88, 399

27, 2706,810

15,94611,9472,6441,356

13, 159-50

457, 33342,004

1. 080. 8114. 6

114, 325' 78, 378

1.293

45, 047

44.7

169.737.5

132.23153.7

5.0

52.8109.438.350.133.3

30, 9372,102

702

345911

3,4745,055

7991,2981,487

1,3953,0582,379

8213,0534,058

12 958

2 764

45, 015

42, 50115,5611,939

574

T 8, 641'6,711

1,392538

1,22692120897

13, 730-31

02,159

87.8'9.7

8,8756,5461.293

2 4244, 0273,026

41.3

167.8. 36. 4131.4148.7

5. 2

168. 236.8

131.4148 5

50.6105.236.847.532.5

3,008

2,8781,143

5575

r 11,539'8, 1672, 750

622

1, 3801,058

221101

13, 63420

67, 77510, 766

90. 5'10.3

7,9296,4521. 293

2, 9603,7364,149

41.5

167. 836.6

131.3150.2

4.6

169.336.9

132. 3149.5

51.3106.037.648.532.9

7,229469162

68213847

1,207115294324

313680546

186973833

3 040

758

4,250

3,8332,065

39621

' 10,340r 7, 475

2, 291574

1,265957206102

13,632—57133

2 463

90.8'10.3

7,3587 2771.293

2,5833, 7233, 555

41.5

171.636.8

134.8152. 2

3. 1

170. 937.2

133.7151 4

52.7111.837.647.933.2

3,668

3,4571,372

18228

' 10,107' 7, 600

1,878629

1,321999218105

13, 53226

101, 4011,931

91.9' 10.4

15, 527r 5, 698

1.293

2,7922,9613,793

42.1

166. 937.0

129. 9153.9

7.2

170.237.3

132.9153.0

52.6109.537.849.732.8

3,182

3,1141,037

5613

' 10,101' 7, 624

1,908569

1,30499521396

13, 43320

101, 5341,781

89.39.2

18, 0226,6291.293

2, 6944,2725,611

42.6

168.837.3

131. 53 154. 1

6.3

171.137.4

133.73 153. 7

52.2107.338.350.433.1

8,3754 525

194

124241948

1,228260351440

383858615

239948

* 1, 021

3,188

632

5,072

4,2611,616

73774

r 9, 361r 6, 794

2,041526

1,300981217102

13, 332-61

34, 3342,426

89.4'9.3

6,6387,0551.293

2,9282,7461,912

42.7

167.937.8

130. 1155. 8

8.2

169.637.7

131.9155.3

52.9106.939.151.334.0

3, 407

3, 2979754070

' 9, 778r 7, 307

1,910561

1,339997238103

13, 259-50

5,8002,432

90.1'9.2

14, 2737,9831.293

2, 6523,8644,226

42.9

166.937 9

129! 1157. 0

5.2

169.637.8

131.8156.6

54.0111.939.051.533.9

3,676

3,5391,575

7067

' 9, 725' 7, 052

2,117556

1 26195421096

13, 258162

101, 4362, 770

91.7'9.2

16, 5966, 3871.293

2,7713,3704, 273

42.8

169.437.9

131.5156.9

4.4

170.537.9

132.6157.1

54.2111.439.452.134.3

7,400580180

99217856

1,247251303353

381772601

199262

1,097

2,985

702

3,249

3,1831,333

616

r 9, 880T 7, 412

1,878590

1 3391, 013

220106

13, 25728

33, 9432,265

89.79.1

2, 4716,2141.293

2,660

3,049

43.1

170. 138.1

132. 1156.6

4.8

169.638.0

131.7156.8

54.0111.239.652.234.3

2, 518

2,38175510631

' 10,095' 7, 698

1,835562

1,29297122199

13, 159-36

427,922

90.88.7

7,1055,8781. 293

3,019

3,444

44.2

171.038.5

132.5155.6

3.7

169.238.0

131.2156. 8

54.6111.339.652.533.9

6,686

6,5741,004

6150

r 14,614r 8 230

5,850534

1 6571 138

280239

13, 159—34

58o 054

87 79 6

4 9155 7851.293

4,513

44 7

175 239.1

136 2156.3

3.5

170 338 3

132 1158 0

56.9121.840 053.234.2

7 933528166

54240823

1 373173350370

318748617

197870

1 107

3 745

673

3,277

3 1511 535

10620

8,6616,6401,481

540

13, 157-15170

1,612

89.5

14, 7557 4941.293

3,956

43.4

174 638.4

136.2160.0

4.2

169.638.5

131.1160.5

57.2124.739 450.934.8

5,094

5 0141 608

3645

9,7077,0192,140

548

13, 107-23

563,348

9,0186 3991.293

43.6

r 170 038.3

131.7163.3

5.1

r 170. 4'38.7131.7

' 163. 2

55.6119.439.452.634.2

7,542

7 3871 282

13916

13, 107

1 293

171 438.6

132.8166.1

4.9

172.839.0

133.9165.3

Includes $27.8 bil. coverage on U.S. Armed Forces.

iRevisions for 1964-Jan. 1966 for insurance written, for Jan.-Aug. 1964 and Jan.-July 1965

for premiums collected, and for 1964 for silver production (Canada), will be shown later; thosefor money supply and related data for 1959-July 1965 appear in the Sept. 1966 issue of FederalReserve Bulletin. §Or increase in earmarked gold ( — ) . TfTime deposits at all com-mercial banks other than those due to domestic commercial banks and the U.S. Govt.t Revised series. 9 Total SMSA's include some cities and counties not designated asSMSA's. Încludes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland,and Los Angeles-Long Beach.


S-20 SUEVEY OF CURRENT BUSINESS April 1967


1965 1966

Annual

1966


1967

Jan. Feb. Mar.

FINANCE—Continued

SECURITIES ISSUED— Continued

Securities and Exchange Commission — ContinuedEstimated gross proceeds— Continued

By type of issuer:Corporate, total? mil. $..

Manufacturing doExtractive (mining). __ doPublicutility __. do _Railroad doCommunication _ doFinancial and real estate.- - - -.- _ -do

Noncorporate, total 9 doU.S. Government _ _ _ _ doState and municipal _ do_ -

New corporate security issues:Estimated net proceeds, total do.

Proposed uses of proceeds:New money , total do

Plant and equipment _ doWorking capital... .. . do _

Retirement of securities doOther purposes _ _ do_

State and municipal issues (Bond Buyer):Long-term _ _ _ _ _ doShort-term do

SECURITY MARKETS

Brokers' Balances(N.Y.S.E. Members Carrying Margin Accounts)

Cash on hand and in banks mil $Customers' debit balances (net) doCustomers' free credit balances (net) doMoney borrowed do

Bonds

Prices:Standard & Poor's Corporation:

Industrial, utility, and railroad (AAA issues):Composited"1 dol per $100 bond

Domestic municipal (15 bonds) do

U.S. Treasury bonds, taxable^ do

Sales:Total, excl. U.S. Government bonds (SEC):

All registered exchanges:Market value mil. $..Face value do

New York Stock Exchange:Market value. .. - _ - do .Face value. . _ _ do

New York Stock Exchange, exclusive of somestopped sales, face value, total _. mil. $

Yields:Domestic corporate (Moody's) percent-

By rating:Aaa do. _.Aa doA._ - _ -_ doBaa do

By group:Industrials - do_ -Public utilities doRailroads _ _ do -

Domestic municipal:Bond Buyer (20 bonds) doStandard & Poor's Corp. (15 bonds) do _

U.S. Treasury bonds, taxable© - - _-do

Stocks

Dividend rates, prices, and yields, common stocks(Moody's):

Dividends per share, annual rate, compositedollars- -

Industrials _. _ ._ do_ .Public utilities doRailroads _ - _ do_ _N Y. banks doFire insurance companies do

Price per share, end of mo., composite doIndustrials doPublic utilities do _Railroads ^ do

Yields, composite. - _ ..percentIndustrials ^ doPublic utilities do .Railroads.. . . doN.Y. banks doFire insurance comnanies _ . do

15,9925,417

3422 936

284947

4,276

24,1169,348

11.148

15,801

13,0637,7125,352

9961,741

11.0846,537

i 534i 5, 543i 1, 666i 3. 706

93.9110.6

83.76

3. 794. 223. 288. 68

3.643.113. 150. 16

2. 975. 21

4.64

4.494.574.634.87

4.614.604.72

3.283.27

4.21

j

7.658.483.864.094.906.33

1 250. 31i 284. 32

117.0895. 06

3. 002.983.30

! 4.303.332.74

18, 0747,070

3753,665

3392,0031,941

26, 9418,231

11, 089

17, 841

15, 80612, 4303,376

2411,795

11, 0896,524

i 6091 5, 3871 1,637

1 r 3, 712

86.1102.6

78.63

'4,261.12'3,740.48

'4,100.86'3,589.62

3, 092. 79

5.34

5.135.235.355.67

5.305.365.37

3.833.82

4.66

8 259.174.114.455.066.85

230. 88266. 77102. 9092.65

3.573.443.994.804.04

1 2 92

1,27354134

24942

163116

1,735345845

1,259

1,068817251

22169

845382

5755, 7771,7653,586

89.5105.2

79.32

"383. 38«296. 12

«371. 60«285. 18

250. 95

4.94

4.784.904.965. 12

4.914.905.02

3.833.63

4.61

8 229.164.034.354.946.59

252. 36293. 20106. 81110.59

3.263.123.773.933.782.79

2,4821,001

28344

40304296

1,768457848

2,452

2,0391,482

5577

407

848608

6455,6711,8223,603

87.9103.9

78.92

485. 14373. 14

466. 96358. 35

331.66

5.10

4.925.055.125.32

5.065.085.18

3.593.72

4.63

8.239.174.084.354.946.65

244. 95286. 15105.41102. 01

3.363.203.874.263.812.95

1,58270315

3713577

122

2,086426

1,181

1,559

1,3991,137

262

154

1,1811,061

6045, 8621,7443,858

87.6105.9

79.75

423. 27334. 44

402. 67318.91

253. 71

5.16

4.965.105.185.41

5.095.215.19

3.623.59

4.55

8.239.184.084.354.946.65

246. 67288. 13106. 33102. 66

3.343.193.844.244.032 82

1,106392

50977~47

44157

2,076412877

1,095

1,0007462543858

877865

6255,7971,8393,741

87.6104.5

79.56

394. 28344. 51

380. 69333. 50

285. 53

5.18

4.985.105.175.48

5.125.235.20

3.783.68

4.57

8.249.184.094.354.946.65

236. 01274. 18102. 4593.56

3.493.353.994.653.952.97

2,4271,168

53330

16279283

2,645397

1,118

2,391

2,2451,786

45927

119

1,118384

6015 7981J6583,809

87.0103.2

78. 93

312. 44258. 46

301. 98248. 57

208. 88

5.28

5.075.165.295.58

5.255.325.26

3.833.77

4.63

8.269.184.104.395.146.65

230. 25267.2299.9592. 58

3.593.444.104.744.183.05

1,08540443

288

52166

2, 322411678

1, 071

93266726532

106

678174

6225,7001, 5953,786

86.0100.9

77.62

254. 63222. 05

247. 12215. 03

169. 94

5.36

5.165.255.365.68

5.335.395.37

3.963.94

4.74

8.289.194.124.445.146.65

227. 17262. 90101. 0389.63

3.643.504.084.954.302.98

1,712540

28318

321114

1,964387764

1, 688

1,6171,353

2641853

764620

6585, 6451, 5953,785

84. 197.7

77.02

305. 60291. 76

295.65279. 97

273. 90

,5. 50

,5.31,5. 38,5. 48,5. 83

,5. 495. 54,5.48

4.244.17

4.80

3. 309. 224.144.535.145.90

211.05244. 3992.5181. 22

3. 933.774.485.584.853. 22

1,400650558229

200309

1,849402992

1,384

1,1148872°7

268

992362

6365,4001, 5283,537

82.698.6

77.15

322. 01315. 08

312. 43304. 96

232. 94

5.71

5.495.585.696.09

5.715.785.65

4.034.11

4.79

8.309. 224. 144.535.146.97

207. 74239. 0194. 57

! 80. 17

4.001 3. 861 4.38! 5.65

4.673.15

892385

6258

129873

1,626408736

876

783630153

4646

736266

6615, 2161, 5203,349

83.4100.5

78.07

341. 50348. 44

332. 34338. 21

286. 55

5.67

5.415.505.676.10

5.635.725.67

3.743.97

4.70

8.339.254.144.555.146.97

220. 60250. 49104. 9283.37

3.783.693.955.463.962.70

1,115233

25335

10170108

5, 5703,738

950

1,098

1,0338391941252

950989

6075,2751,5323, 262

83.5101. 0

77.68

312. 46313. 01

293. 69293. 70

260. 68

5.65

5.355.465.656.13

5.595.645. 72

4.023.93

4.74

8.229.074.154.615.147.42

218. 34248. 93103. 4783. 25

3.763.644.015.543.902.92

1,66168217

41415

15442

1,616373923

1,643

1,3631,128

2358

273

923458

6095,3871,637' 3, 712

83.0102. 4

78.73

366. 38356. 22

348. 01335. 45

285. 40

5.69

5.395.485.696.18

5.635.655.78

3.773.83

4.65

8.239.084.184.615. 147.53

217. 56246. 38105. 9982. 91

3.783.693.945.563.802.92

1,688694

2722951

284236

3,406494

1,450

1,672

1,5571,146

4116

110

1,450454

6735,3751,9143,187

85.9106.0

81'. 54

446. 77417. 53

428. 29400. 29

328. 21

5.50

5.205.305.535.97

5.455.425.63

3.403.58

4.40

8.299.154.184.635.227.53

233. 54266. 77108. 1293.13

3.553.433.874.973.792.93

1,437589

15284

20106250

6,1054,1541,159

1,418

1,396929467

220

' 1, 159'756

6855,4451,936

86.4'106.4

80.73

409.22 '350. 65

385. 34330. 33

258. 78

5.35

5.035.185.385. 82

5.33. 5.25

5.48

3.603.56

4.47

8.309.164.204.635.287.81

233. 23267. 35105.1892. 56

3. 563.433.995.003.943.17

1,413629

85.6105.7

80.96

281. 42

5.43

5.135.235.495.85

5.395.375.51

3.543.60

4.45

8.329.174.274.635.287.81

242. 02278. 90106. 8193 52

3.443.294.004.953.843.28

' Revised. l End of year. 9 Includes data not shown separately.o^Number of bonds represented fluctuates; the change in the number does not affect the

continuity of the series.^Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.

OFor bonds due or callable in 10 years or more.a Revisions for Jan. 1966 (mil. dol.): All exchanges—market value, 359.04; face value,

287.23; N.Y. Stock Ex.—market value, 347.70; face value, 277.78.




1965 1966

Annual

1966

Feb. Mar. Apr.1 |

May I June 1 July Aug. Sept. Oct. Nov. Dec.

1967

Jan. Feb. Mar.

FINANCE—Continued

SECURITY MARKETS— Continued

Stocks— Continued

Earnings, common stocks (Moody's):Earnings per share (indust., qtrly. at aim. rate;

pub. util. and RR., for 12 mo. ending eaoh qtr.) :Industrials t dollars, _Public utilities doRailroads - _ do

Dividend yields, preferred stocks, 10 high-grade(Standard & Poor's Corp.) percent--

Prices:Dow- Jones averages (65 stocks)

Industrial (30 stocks) . _Public utility (15 stocks)Railroad (20 stocks). _ _

Standard & Poor's Corporation:Îndustrial, public utility , and railroad:

Combined index (500 stocks) 1941-43 = 10.-

Iridustrial, total (425 stocks) 9 doCapital goods (122 stocks) doConsumers' goods (181 stocks). do

Public utility (55 stocks) doRailroad (20 stocks) ' _ do

Banks:New York City (10 stocks) doOutside New York City (16 stocks) do

Fire and casualty insurance (20 stocks)___do

New York Stock Exchange common stocks index:*Composite 12/31/65 = 50..

IndustriaL.- doTransportation . _ doUtility doFinance.- . do

Sales (Securities and Exchange Commission):Total on all registered exchanges:

Market value. . _ mil. $Shares sold millions

On New York Stock Exchange:Market value mil. $__

Exclusive of odd-lot and stopped stock sales(N.Y.S.E.; sales effected) - millions

Shares listed, N.Y. Stock Exch., end of period:Market value, all listed shares bil $Number of shares listed millions

16. 425 928 16

4.33

318. 50910. 88157. 88216.41

88.17

93.4885.2681.9476.0846. 78

38.9271.3564.17

47.39

89, 2252,587

73, 2001 809

1,556

537. 4810, 058

»• 16. 786 30

T8 67

4.97

308. 70873. 60136 56227. 35

85.26

91.0884.8674.1068.2146.34

33.3263.8064.55

46. 1546. 1850. 2645.4144.45

r 123, 034T 3 188

r 98, 565r ') 9Qtj

1,899

482. 5410, 939

4.63

347 42977 15145 87264 99

92.69

99 1193 6983 4871.8754 78

36.1070 5166.98

50.3650. 5853.6948.9249.13

"11,169a 302

« 8, 789a JQQ

166

535 3810,180

17. 096 03

rS 56

4.83

331.16926. 43141 49252 80

88.88

95 0490. 2878.9669.2151.52

34.1165.1963.28

48. 2848. 4752.5946.9545.99

r 13, 051

337

^ 10, 451294

192

523. 9310,245

4.78

337. 27943. 70140 26260. 64

91.60

98.1793.5479.2870.0652.33

33.6764.1765. 27

49.6050.0157.0846. 7846.70

12,895356

9,893221

186

536. 3610, 276

4.83

314. 62890. 70137. 32233. 07

86.78

92. 8588.7875.1268.4947.00

32.3261. 2263.33

46.8747. 0351.9845.4544.68

12,257302

9,8009QQ

171

507. 7710, 507

17.836 08

r 8 98

4.93

311.51888. 73134 07229. 24

86.06

92.1487.3473.7567. 5146. 35

32.3961.3261.64

46. 61.46. 8553.5544 5444.31

9.661228

7,772169

141

502. 4110,612

5,00

308. 07875. 87133 72227. 18

85. 84

91. 9586.3873.8767.3045.50

32.5062.3862.63

46.4746. 6653. 0444.7943.53

8,301200

6,655141

120

497. 1110, 733

5.18

286. 45817. 55126. 68207. 91

80. 65

86. 4079.8169.9163.4142. 12

30.0959.3361.28

43.7243.8948.6642. 3341.46

9,663236

7,805168

162

458.6610, 787

14.126.19

'9. 13

5.23

276. 79791.65126. 20197. 05

77.81

83.1174.7467. 8963.1140.31

28.8757.4459. 52

41.9941.9944.5141.7439.50

8, 750215

7,272161

120

454. 8910,818

5.28

273. 35778. 10129. 70192. 07

77.13

82.0172.6766.6765.4139.44

32.3061.0463.68

41.5041.0342. 2443.3340. 23

8,658223

7,209166

146

475. 2510, 842

5.21

285. 23806.55136. 43201. 94

80.99

86.1077.8968.2568.8241.57

34.3465.0568.62

43.7343.2845.8245.1643.16

8,102219

6,638162

146

480. 8810, 886

r 18. 08

6.30'8.67

5.24

285. 52800. 86135. 68205. 78

81.33

86. 5079.8367.7668.8641.44

35.9367.0370.50

44.1643.7948.2344.7744.43

9,538266

7, 662189

166

482. 5410, 939

5.07

298. 28830. 56138. 64220. 11

84.45

89.8882.7069.9770.6344.48

37. 0869. 9070. 03

46.0245.6151.3846.4347.53

11, 653r320

9,320224

208

522. 7510, 989

4.98

305. 65851. 12138. 03228. 69

87.36

93.3586.7273.7870.4546.13

35.6267.0968.99

47.8047.7252. 5647.0348.71

11,181316

8, 792216

183

527. 0411,046

5.04

307. 70858. 11135. 96231. 98

89. 42

95.8690.0875.1070.0346.78

35.3266.0065.86

49.0249.0255.1947.8848.17

225

549. 4911,073

FOREIGN TRADE OF THE UNITED STATES

FOREIGN TRADE

Value

Exports (mdse.), incl. reexports, totalO mil . $...Excl. Dept. of Defense shipments do

Seasonally adjusted do

By geographic regions:AAfrica doAsia doAustralia and Oceania doEurope do

Northern North America doSouthern North America doSouth America do

By leading countries: AAfrica:

United Arab Republic (Egypt) doRepublic of South Africa do

Asia; Australia and Oceania:Australia including New Ouinea doIndia doPakistan doMalaysia do

Indonesia doPhilippines doJapan do

Europe:France do

West Germany do

Italy doUnion of Soviet Socialist Republics doUnited Kingdom _ do

27,478.226,699.5

1 228 96 012 1

956 29 363 9

5 643 22 099 12 174 9

157 7438 1

799 4928 0335 9

91 1

41 6348 5

2, 080. 2

970. 712 4

1 649 6

891 145 2

1.615. 1

30, 336. 029, 395. 5

1 348 66 727 4

814 110 Oil 4

6 644 82 268 12 504 3

189 1401 0

669 9929 3238.7i 45 7

59 9348.0

2, 365. 1

1, 007. 124 9

1 674 0

913 741 7

1, 736. 7

2,297.22,210.0

2,373.7

86 3499 361 1

849 1

460 2161 6179 9

12 023 2

50 788 415 83 7

2 924 5

176. 2

84.71 6

198 5

69 24 2

141.3

2,811.62,740.7

2,568.6

132 8590 2

70 g1 023 0

567 6212 129 1 9

92 841 4

59 3116 913 24 2

2 528 1

196. 3

99.61 4

173 0

89 22 9

181. 5

2,599.02,463.2

2,358.9

114 5618 761 8

864 6

566 1177 0197 8

18 633 3

59 g97 911 74 1

3 130 0

197. 2

83.74 9

151 8

82 54 8

145. 2

2,615.62,504.6

2,410.8

115.4543. 769 7

865.8

695 4186 6°17 1

92 630 8

48 563 016.83 8

2.426.9

176.3

86. 63 4

147 8

79.16 2

139.3

2,568.72,467.0

2,489.5

121 1578.865 4

813 2

607 9187 8196 4

94 3r 31 3

54 771 517.44 0

3 030. 5

190.7

80.7(5

134 2

76 25 2

131.2

2,426.72,326.8

2,456.0

106. 7577. 3

74 1746.9

507 7188 7927 2

13 2

60 868 331.83 7

8.727.6

175.9

79.7(j

r>4 667. 1

2 8132. 2

2,348.42,277.7

2,455.0

109. 1550.473 8

727.8

502 7174 5210 3

16.531 1

63 383.414.93 8

4.129.1

204. 7

67.81 8

131 6

70.65

119.0

2,499.02,431.0

2,541.6

109.1541.365 8

808.4

581 6193.6199 3

12.732 5

54 774.320.43 9

6.627.8

205.1

87.13 3

138.9

79. 11 0

156.5

2, 695. 32, 626. 1

2,582.7

126.1614.9

72 7826.2

621 3213.9220 2

15.341 2

57 271.927.1

4 1

5.532.8

218. 2

84.31 5

138 2

74.01 3

141.1

2, 627. 12, 572. 0

2,486.2

119.6570.872 6

863.6

597.6198.6204. 1

13.033 4

63 753. 025.33.4

7.928.1

231. 5

80.91 1

141.8

77.96.6

143.1

2,715.32, 644. 4

2,414.7

122.2637. 8

75 8842.4

583 7205.8247.7

12.334.9

50 378.327.13.9

10.838.7

235.4

87.31 6

124.2

76.62.2

165.2

2, 549. 62, 471. 3

2, 620. 2

2, 489. 62, 419. 4

2, 601. 2

Revised. " Preliminary. l Beginning Jan. 1966, excludes data for Singapore.{Revisions prior to Sept. 1965 will be shown later. cfNumber of stocks represents

number currently used; the change in number does not affect continuity of the series.9 Includes data not shown separately. *New series; index is based on the closing prices

of the more than 1,250 common stocks listed on the Exchange. QBeginning Jan. 1965, datareflect adoption of revised export schedule; in some instances, because of regrouping of com-

modities and release of some "special category" items from the restricted list, data for com-modities and countries are not comparable with those for earlier periods. ABeginningwith the Jan. 1967 SURVEY, data for regions and countries (except India and Pakistan) arerestated to include "special category" shipments, formerly excluded.

« Revisions for Jan. 1966: All exchanges—market value (mil. $), 10,990; shares sold (mil.),303; N.Y. Stock Ex.—market value (mil. $), 8,619; shares sold (mil.), 205.




1965 1966

Annual

1966

Feb. Mar. Apr.i

May June JulyI |

Aug. Sept. Oct . Nov . Dec

1967

Jan .i —

Feb. j Mar.

FOREIGN TRADE OF THE UNITED STATES-ContinuedFOREIGN TRADE— Continued

Value — ContinuedExports (mdse.), incl. reexports — Continued

By leading countries— ContinuedNorth and South America:

Canada _ __. _ __ _ . ...mil. $

Latin American Republics, total 9 do

Argentina doBrazil.. _ _ _ _ _ _ _ _ do_Chile do

Colombia _ _ . _ _ _ _ do. _Cuba doMexico ... _ _ _ _ _ _ _ d oVenezuela, _ ._ _. _ _ d o -

Exports of U.S. merchandise, total Q| doExcluding military grant-aid do

Agricultural products, total doNonagricultural products, total do

By commodity groups and principal commodi-ties:*

Food and live animals 9 _ - _do_Meats and preparations (incl. poultry) _ _ d oGrains and cereal preparations do

Beverages and tobacco do

Crude materials, inedible, exc. fuels 9 doCotton, raw, excl. linters and waste doSoybeans, exc. canned or prepared doMetal ores, concentrates and scrap do

Mineral fuels, lubricants, etc. 9 doCoal and related products doPetroleum and products do

Animal and vegetable oils fats waxes do

Chemicals do

Manufactured goods 9 doTextiles doIron and steel doNonferrous base metals do

Machinery and transport equipment, totalmil. $__

Machinery, total 9 doAgricultural doMetalworking doConstruction, excav. and mining doElectrical do

Transport equipment, total doMotor vehicles and parts do

General imports, total i doSeasonally adjusted! do

By geographic regions:Africa doAsia doAustralia arid Oceania _ _ _ _ _ _ do _Europe do

Northern North America _ _ _ _ _. do ._Southern North America doSouth America do

By leading countries:Africa:

United Arab Republic (Egypt) doRepublic of South Africa do

Asia; Australia and Oceania:Australia, including New Guinea doIndia doPakistan doMalaysia doIndonesia doPhilippines doJapan do

Europe:France doEast Germany do\Vest Germany doItaly doUnion of Soviet Socialist Republics doUnited Kingdom do

North and South America:Canada do

Latin American Republics, total 9 do

Argentina doBrazil doChile do

Colombia doCuba doMexico doVpnp7npl«3 rlr>

5,642.8

3, 871. 7

267 5347. 9287. 4

198. 50)

1,105.9625. 6

27, 135. 326, 356. 5

6, 228. 620, 906. 7

4, 003. 1161.8

2, 636. 6

517.0

2, 855. 5486. 2650. 1434.2

946.5494.3417.6

471.6

2, 401. 7

3, 256. 9527.8629. 0539.3

10, 147. 1

6, 702. 1634. 1331. 7932. 9

1,659.7

3, 445. 01, 975. 5

21,365.6

877.64, 528. 1

453. 16, 292. 2

4, 837. 11,741.72, 623. 8

16.1225.9

313.7348.144.8

211.9165. 2369.1

2, 413. 9

615.36.5

1,341.4619. 742.6

1,405.2

4,831.9

3, 674. 8

122.1512.4209.4

276.70)638.4

1.018.0

6, 661. 0

4, 234. 9

244.3579.4255.2

287. 00

1, 180. 2598.0

29, 899. 128, 958. 6

6, 884. 523, 014. 6

4, 566. 7158.9

3, 189. 3

623.7

3, 072. 2432.2759.9421.8

977.5493.3435.6

356.0

2, 675. 9

3, 434. 2554.2557.5582.4

11,164.3

7, 445. 9628.5337.9970.6

1, 898. 8

3,714.62, 386. 5

25, 550. 3

978. 05, 278. 7

593.57, 863. 9

6, 131. 21, 912. 22, 785. 2

17.6250. 2

398.7237.067.8

2 176. 7179.0397.6

2, 964. 5

698.08.2

1, 796. 8743.049.4

1, 785. 6

6, 124. 7

3, 969. 9

148.8599.7229. 1

244.80

750.21. 002. 4

460.2

306. 2

16.733.922.3

21.90

86.944.7

2, 263. 62,176.4

518.61, 745. 0

360.511.4

251.2

35.4

234.530.948.929.6

68.433.431.7

30.6

199.0

256.144.244.638.2

874.8

545.649.522.670.8

133.8

330.3189.4

1, 822. 52,005,1

72.2375.643.3

534.1

417.0153.9225 .4

1.014.1

31.625 A5.5

18.712.632.5

190.0

50.4.4

119.751.64.8

106.0

416.9

328.7

9.348.117.2

27.80

65.281.7 '

567. 5

383.3

19.054.122.3

25.30

108.551.8

2, 701, 3624. 8

2, 147. 4

442.213.8

317.6

44.3

254.729.463.732.6

78.236.236.7

32.9

258.0

333.152.051.068.3

1,043.7

709.269.531.992.8

176.7

334.5217. 1

2 242 42,067.7

119.0438.041.7

689.8

520.7182.8252.7

1.931.3

24.326.06.5

10.416.340.6

250.1

63.8.8

156.858. 53.4

151.7

519.9

369.1

12.942.922.2

20.90

73.1111.6

566.0

333.0

15.946.119.6

03 30

88,349. 6

2, 556. 52, 420. 7

552. 32, 004. 2

403.010.5

296.4

33.6

237. 322.560.531. 5

78.539.134.8

23.1

I 218. 3

! 296. 1I 46. 9i 46.9I 54.6

i 959.7

638.759.2

i 27.487.2

159.1

321.1186.4

2,071.22,108.9

88.5434.648.6

637.7

472.8170.0218.8

3.617.4

27.329.05.7

17.118.834.6

245.4

53.3.5

131.856.13.7

138.0

472.8

326.3

14.444.916.2

20.70

70.182.2

625. 4

361.4

18.951. 624.7

28. 10

98.349.8

2, 566. 7: 2, 455. 7

549. 62,017.1

375.110.6

! 264. 5

29.9

! 256. 5! 26.3

66. 3i 39.5

: 78.41 41.6! 32.8

37.0

i 233. 0

i 300. 447.1

; 46.453.2

: 961.8

660. 661. 130. 982. 6

i 165.4

i 301.2193.3

: 2,074.4j 2,062.6

102. 5! 416. 2

41.4644. 4

511. 4156. 1219. 6

.8

27. 027. 65.9

15.416.021.8

234.8

61.3.8

141.758. 44.5

149. 7

510.8

318.3

13.743.118.0

26.80

64. 869.0

607. 2

! 341. 7

16.234.923. 4

25.60

96. 852.1

' 2, 530.02, 428. 3

551. 11,978.9

377. 7! 12.4

266. 9

: 33.9

255. 322.167.737.9

91.849.7

| 38.2

32. 3

232. 2

290. 747.647.947.3

i 935. 3

630. 256. 828.579.6

; 161.3

; 305. 2| 184. 8

2,188.62,135.0

75.7449.8

! 69.0656.8

i 554. 6! 155. 5

230.7

2.021.9

50.226.95.1

13.018.235.2

245.9

58.5.6

151. 364.9

4 5144! 1

554.3

326.1

14.548.117.9

20.10

58.784.6

507.7

372. 5

19.454. 021.8

! 28.50

101.656. 5

12,395.6! 2, 295. 7i 491. 01, 904. 6

346. 5i 11.3! 248. 9

i 49.4

! 216. 718.340.740.6

81.939.239.2

29.1

242. 5

282.343.043.558.3

882.5

623.454.925. 985.5

154.6

! 259. 1| 162.3

2. 072. 02,204.6

79.4448.8

! 50.8629. 3

477.1149. 6236.1

1.423.1

30.323.06.0

12.911.740.6

256. 5

58.4

149! 461.25.0

138.6

476.4

327.9

11.342.320. 0

15.00

54.690.9

502.7

342. 8

19.355.822.5

24. 60

89. 446.1

2, 314. 72, 244. 0

571. 01,743.7

i 386. 313.8

277. 7

62.1

! 230. 439.8

1 36.7! 36.9

89.849.335.9

33.8

! 227. 71 273. 0i 42.4i 40.31 52.0

1 795. 7

551. 944.2

! 26.5i 74.6! 140.8

243. 8149.8

i 2, 180. 22,112.6

75. 0518. 757.1

644.8

516. 2156. 0212.4

.615. 5

35. 427.34.5

18.216.139.2

303. 9

60.0.4

144. 071.8

148^4

515. 0

301. 0

12.425. 517.4

22. 8o !

56. 587.1

579.9

346. 0

16.547.415.7

22.5

101. 553.5

2, 456. 82, 388. 8

569.01, 887. 8

398.214. 2

273.9

71.2

225. 540.418.740.7

96.649.642.0

26.7

; 218. 5

277.444.3

i 41.7! 44.6

885.5

601.244.527.872.4

163.2

284. 3200.4

2.29* 22,301.2

90.0507.764.3

684.7

538.4135.9271. 2

1.134.4

44.430.56.1

16.415.145.2

281.5

56.61.2

169.460.43.1

166.0

537.4

351.3

12.087.824.9

20.60

48.970.8

621. 2

383.3

21.751.917.8

23.60

113.652.4

!2, 655. 61 2, 586. 4

621.72, 033. 9

393. 518.6

260.5

! 73.9

! 286. 134.992.042.2

92.0; 48.61 41.0

21.6

218. 0

294. 6! 48.5

48.5, 45.2

j 1,039. 8

I 655. 549.1

i 31.0I 85.6

173. 2

384.3249.5

12,278.42,262.4

72.9| 438. 9

54.0728.7

560.9167.3254.9

.315.0

43.029.66.3

13.413.622.2

255.8

65.01.0

163.371.14.4

174.6

560.1

354.8

11.579.319.6

13.40

59.478.4

597. 6

350. 0

26.742. 119.2

22.20

98.446.6

'2,593.5! 2, 538. 4i 697. 71, 895. 8

1 394. 417.0

269.0

74.7

337.9i 59.7

124. 735. 1

' 82.542. 137.2

; 218, 1! 276. 1i 47.3

47.8| 35.1

937.7

619. 644.9

! 26. 8! 87.3

164.8

1 318. 1241.5

!2, 257. 7| 2,191.5

69.8! 471.9

43.2757.7

536. 4154.4224.1

1.219.4

28.925.55.4

19.113.133.3

272.9

66.6.8

175.973.64.0

178. 7

536. 3

324.9

13.146.721.3

15.60

66.8 i81.2 i

583.7

400.0

37.663.624.8

23 30

103.449.9

2, 689. 02, 618. 1

632.02, 057. 0

352.111.6

241. 2

78.5

! 312. 272.4

! 85.531.2

75.9' 34.2

38.5

32.6

235. 9

i 294. 8: 50. 6! 54.8| 40.0

1 1,050.0

! 669. 0! 46.2

34.3! 82.1

169. 9

i 381. 0; 247. 5

12.240.12,231.2

79.8; 405. 2! 42.1I 702. 1

627. 616H. 8214.3

.922.9

29.927.44.7

13.814.923.3

997 6

56.5

163' 566. 24.1

165.5

627. 4

317.8

12.342.414.8

19.00

69.380.1

!

2,516.7 '2,459.72,438.4 2,389.5 |

334.4 j 308.2

39 6 41 3 '

276.7 280.7 ' _ _ _ . _

68.9 i 81.4 ;

21 4 1 39 °

927 1 915 ° !

289.9 ; 285.6

1 005 9 ! 959 6 ^!

2,261.8 :2,003. 5 ' . . . . .2,295.6 >2,204.1 j

i |i

! l

|

I -i 1i i

'Revised. ^Preliminary. l Less than $50,000. 2 Beginning Jan. 1966, excludes datafor Singapore; such shipments amounted to $1.0 mil. in that month. JRevisions for Jan.1964-Nov. 1965 will be shown later. 9 Includes data not shown separately. QSee

similar note on p. S-21. *New Series. Comparable data prior to 1965 for the groups arenot available; data for individual commodities may be obtained from Bureau of Censusreports.


April 1967 SUEVEY


1965 1966

Annual

OF CURRENT BUSINESS S-23

1966


1967

Jan. Feb. Mar.

FOREIGN TRADE OF THE UNITED STATES—Continued

FOREIGN TRADE— ContinuedValue — Continued

General imports — ContinuedBy commodity groups and principal commodi-

ties:*Agricultural products total mil $Nonagricultural products total do

Food and live animals 9 do

Coffee doVteats and preparations doSugar do

Beverages and tobacco do

Crude materials inedible exc fuels 9 doMetal ores doPaper base stocks doTextile fibers doRubber do

Alineral fuels lubricants etc doPetroleum and products do

Animal and vegetable oils and fats doChemicals do

Manufactured goods 9 doIron and steel doNewsprint doNonferrous metals doTextiles do

Machinery and transport equipment do

Machinerv total 9 doMetalworking doElectrical do

Transport equipment doAutomobiles and part^ do

IndexesExports (U.S. nidse., excl. military grant-aid):

Quantity 1957-59 — 100Value doUnit value do

Imports for consumption: a"Quantitv doValue doUnit value do

Shipping Weight and ValueWaterborne trade:

Exports (incl. reexports) :§Shipping weight thous sh tonsValue mil $

General imports:Shipping weight thous. sh. tons__Value mil $

4 083 617 282 0

3 459 6' 190 5

1 058 5496 5442 5

553.2

3 046 6915 4421 9435 4188.1

9 291 59 099 5

116 5768.8

5 555 4789.6800.4

1 234 71 966 89 947 8

1 746 263 5

639. 6

1 201 5810 1

144152106

1 153i 152

1 99

171 73016 926

255,75414 943

4 530 591 019 8

3 947 5

1 067 3599 5501 2

641 7

3 265 61 019 8

449 3436 3180 9

9 9^9 09 197 i

146 2964 0

6 353 9889 5908 5

1 305 0l' 551 7

4 827 6

9 gig 4135 3

1 015 9

9 209 31 617 7

186 09318 531

264, 53817 309

375 11 447 4

319 i18 0

102 344 9

9g Q

43 1

928 9

48 733 538 118 7

189 5179 2

11 864 4

431 863 666 469 6

114 3

3°4 7

158 35 9

56 2

166 4116 6

P 143P 151P 106

p 156p 156P 100

13 4801 396

17, 5721 919

442 31 800 1

365 015 4

118 044 736 1

60. 1

983 9

61 641 548 815.4

093 69H 1

16 093.7

519 575. 678.588 8

193 6

436 8918 1

8 874.5

918 7150 3

177188106

v 190v 192

101

15 4611 740' '

21, 9821 479

424 51 646 7

333 710 197.048 937 8

82.6

981 875 734 250 418.9

179 ()160 9

6 686.0

508 471.083.290 5

196 8

355 0

209 28 7

72 5

145 899 5

p 160P 168P 106

P 176p 179P 100

lc) 814l' 537

19, 7401 406

361 11 713.3

313 812 691.140 730 1

48.2

289 588 338 435 716. 6

169 8155 8

11.485.9

567 678.483.1

123 5135 2

385 8

205 69.7

71.2

180 2116 3

169171105

176187101

16 1471 540

20, 6161 408

389. 61 799.0

340 46 9

80.165 447 3

46.2

305 196 139.741 617.5

193 8183 3

12 685.3

541.581.071.8

118 51°5 3

404 5916 010.776.6

188. 6135 2

p 158p 169p 107

p 185p 177p 101

16 7631 5°0

24, 3371 503

338.61 733.4

309.49 3

74.546 261.7

36.1961 785.238 430 311.5

188 1181 5

8.271.9

555 363. 975.8

129 3131 5

366 9912 012.080.7

154 9117 2

14 8651 508

22, 9541 439

335.81, 844. 4

299 04 6

63.753 945.4

41.8

306 9110 942.939 916.3

9Q4 5190 3

12.678.7

566. 076.079.1

131.2135 0

378 4

238 514.898.9

139. 990 2

17 0031 513

26, 1771 551

405.91, 888. 3

372. 35 2

98.957 173.3

53.3

280 4101.935.298 513.5

18? 9169 9

10.595.1

579.981.080.4

134.4139 3

416.7

225 010.799.5

191.7137 9

17 095l' 500

24, 0441 602

381.31, 897. 1

358.26 7

99.958.448.1

64.7

265 0105.238.026 014.8

18? 6173 7

11.979.4

564.278.875.5

116.6136 0

434 7

243 612.9

103.5

191 1147 0

16, 9791,648

24, 6031 519

356.91, 900. 8

326.37 9

72.748.840.9

66.5

270 1102.937.525 615.3

181 5170.1

12.880.5

581.977.967.2

140.2147 4

454.5

267.717.2

117.8

186.8147 8

16 0121,652

23, 2921 536

362.01, 878. 1

330.812 875.850.135.4

53.6

251 079.438.926 912.9

182 5173.0

13.174.7

513.575.469.399.2

133 5

547.8

261.916.8

107.3

285.8239 3

14 1201 637

20, 2101 383

355. 4

60.0

254. 0

926 7

14.282.4

522. 1

484.4

314.1

49.9

210. 8

186.7

14.880.0

471.7

434. 7

TRANSPORTATION AND COMMUNICATION

TRANSPORTATIONAir Carriers

Scheduled domestic trunk carriers:Financial operations (qtrly. total):

Operating revenues total ? mil $Transport, total 9 do

Passenger doProperty doU.S. mail (excl. subsidy) do

Operating expenses (incl depreciation) doNet income (after taxes) do

Operating results:Miles flown (revenue) milExpress and freight ton-miles flown doMâil ton-miles flown doPassengers originated (revenue) doPassenger-miles flown (revenue) bil

Express Operations (qtrly.)

Transportation revenues mil $Express privilege payments do

Local Transit Lines

Fares, average cash rate cents_.Passerigers carried (revenue) milOperating revenues (qtrly total) mil $

Motor Carriers (Intercity)

Carriers of property, class I (qtrly. total):Number of reporting carriersOperating revenues total mil $Expenses, total " doFreight carried (revenue) mil tons

3 3063 2782 933

21874

2 886223

T 941 o991 69iq 6

71 449.2

431. 4119 3

22.16 7Q81 444

3 l 1057 H9

f>' 736428

v 3 696

p 3 954

P 3 940p 938

1 010 91 081 7' 98° 4

81 157. 1

430 8111 7

22. 4r 6 671

78 079 49Q 25 84.0

22.3r 530

4 1, 1054 1 9974 1,840

* 113

876868

5821

78845

87 996 304 26 94.7

103. 925. 6

22. 3r 609

1,1721 8471,766

118

87 194 193 87 45.1

22.3'580

91 098 4

7 9

4.9

22 3"590

j

997989886

64

83688

90 6109 523 28 05.7

104 4•>8 9

22.3r 567

59 359 817 95 13.9

22. 4r 502

61 166 490 5

5 44. 2

,

22. 4529

831823730

5020

73648

99 497 493 o

5. 1

107. 398 0

22.4r 552

96 1105 994 6

7 35.0

22.5' 583

91 7101 226 37 14.7

22. 6570

pQ91

p863

p880P58

97 3104 436 5

7. 5' 5. 5

115.229. 2

22. 6'582

p* 5.3

22.7553

P - 4. 6

9') 7

"520

^Revised. - "Pre l iminary . i See note ' V for th i s page. ' -As compiled by AirTransport Assn. of America. 3 Number of carriers fi l ing complete reports for the year.

4 For the period 4th quarter 1965. 9 Includes data not shown separately.*New series, replacing imports for consumption data formerly shown. Comparable

monthly data, beginning Jan. 1965, will be shown later.

(^Beginning Jan. 1965, indexes are based on general imports, instead of imports for con-sumption as formerly. .

§Excludes "special category" shipments and all commodities exported under foreign-aidprograms as Department of Defense controlled cargo.


S-24 SUEVEY OF CUEKENT BUSINESS April 1967


1965 1 1966

Annual

1966

Feb. Mar. Apr. May June1

July Aug. Sept. Oct. Nov. Dec.

1967

Jan. Feb. Mar.

TRANSPORTATION AND COMMUNICATION—Continued

TRANSPORTATION— ContinuedMotor Carriers (Intercity) — Continued

Freight carried, volume indexes, class I and II(ATA):

Common and contract carriers of property(qtrly.) average same period. 1957-59=100 _

Common carriers of general freight, seas, adj.*1957-59 =100_,

Carriers of passengers, class I (qtrly. ):§Number of reporting carriersOperating revenues total mil $Expense*5 total doPassengers carried (revenue) mil

Class I RailroadsFreight carloadings (AAR):

Total cars thous __Coal doCoke... _ _ _ _ _ _do _ _Forest products doGrain and grain products ... do __

Livestock doOre . doMerchandise, l.c.l _ do__ _Miscellaneous do

Freight carloadings, seas. adj. indexes (Fed. R.):Total... _ _ _ _ _ _ 1957-59=100__

Coal doCoke doForest products.. _ _ _ _ _ _ _ _ _ _doGrain and grain products _doLivestock doOre . doMerchandise, l.c.l _ _ _ _ _doMiscellaneous do

Financial operations (qtrly.):Operatinor revenues total 9 mil $

Freight do

Operating expenses doXJ f. - I r f ' -- -- - ~ C\

M t \ f ft t ^ do

Operating results:Ton-miles of freight (net), revenue and nonrev-

Revenue ton-miles* doRevenue per ton-mile (qtrly avg ) centsPassengers (revenue) carried 1 mile (qtrly. ) _ _ m i L _

Waterway TrafficClearances, vessels in foreign trade:

Total U S ports mil net tonsForeign vessels doUnited States vessels do

Panama Canal:TotaL . _ thous. Ig. tons

In United States vessels doTravel

Hotels:Average sale per occupied room _ .dollarsRooms occupied % of totalRestaurant sales index___same mo. 1951 = 100__

Foreign travel:U.S. citizens: Arrivals thous__

Departures doAliens: Arrivals do

Departures doPassports issued and renewed do

National parks, visits _ doPullman Co. (qtrly.):

Pa<;<! n rr n v / _ _ _ q *

COMMUNICATION (QTRLY.)Telephone carriers:

Station revenues do

Operating expenses (before taxes) do

Phones in service, end of period mil..

Telegraph carriers:Domestic1

Operating expenses, incl. depreciation do

InternationalÔ perating revenues , do.. _ -Operating expenses, incl. depreciation do_. ._

150. 9

144.3

i 147604 7511 5213. 2

29, 2485,555

4281,9782,662

1251,956

45916, 084

9797

10010397409520

100

10,2088,836

5537,8501, 396

962815

709 3697.71 266

17,389

208. 7174 734 0

78, 9279,080

9.7162

112

3, 3513,3412,0931,8191,330

36, 509

2,01434.55

11,7506,2724, 1887,0762 09181.5

305. 6267. 423.8

112.287.021.0

1

156.3

29, 6185,590

4321,9962,877

1102,131

32216, 159

969598

102

10535

1021499

10, 6559,281

5448,1171,4921,046

902

750 5

83, 0199,630

10.0363

115

3,8813,7592,4132,0401, 548

38, 490

1,96933.80

12, 9046,6994,7617,7132,31786.0

319.3275.5

94 q

121.490.427.1

154.6

2.09641334

150225

66726

1,174

979294

101

11036

10314

101

6,340762

9.8362

118

997248131111104762

154 7

157.1

154126.1121 549.3

22,791' 2 541

2 4 421982273

282103233

2 1, 592

1009994

105

10933

10914

103

2 5182,207

1221, 954

351213179

181.8178.01 2403,657

7,193895

9.4165

123

280262163133176

1,075

4748 15

3,1041,6371 1241,849

55682.7

76.866. 95 3

28.921.7

154.7

2,22932935

161209

15526

1,307

9775

101107

10832

14914

101

6,849821

10.2666

117

301330192153187

1,766

1

155.0

2,43446436

163206

7226

241,308

100105108107

11132

10513

101

6,847798

9.7367

333308195163200

2, 625

163 3

159.8

156149.3198 452.7

2 2, 9662 528

2 492 2012283

2 72299

2 302 1,575

9598

106103

10231911397

2 7282,394

1322 033

395300959

192 3189.91. 2614 151

7, 065925

10.4365

122

356459208188210

5,492

4497.66

3, 2101,6691 1851,890

589

155. 7

2,17536033

150236

522623

1,143

9498

1181038931891396

7, 071804

9.4656

114

397486261211149

8,730

157. 3

2,35746932

158232

7232

241,202

9410010798

10534911395

7, 4.80809

10. 4965

111

571396262231132

* 8, 582

83. C

sn o\ 67.8

29.922. 1 i6.8

159.4

156.2

156210.6159 465. 2

2 2, 9852 570

2 4 12 1932260

2 152292

2322 1,583

9594

10099

10336991398

2,6902, 311

1652,031

391268227

186.7186.11.2425 427

6,795731

10.4565

118

38732226820494

3, 872

65011 07

3. 2601,6761, 2161,935

59284.9

80 571. 15 5

31. 3

7. 5

156.7

2,52648532

154234

19203

261,373

94969197

10037921396

363.7

6, 962863

10. 8669

113

31125021718773

2, 664

156.7

2,33344332

146233

14155

241,286

97958898

10440

13013

100

359.5

6,549692

10.4160

\ 108

25121718115771

1,329

157. 6

2 2, 6242553238

2 1752 252

2102 108

22821,460

999587

10310938

12913

101

2,7182,368

1252,098

356263244

189.72 3 68. 2

6,744750

!

9.35\ 49

118

23624817718367

851

! 3976.91

3,3301,7171,2372, 038

58086.0

81.7i 69."

31.4J 23.8

6.b

155.3 9155.2

1! I

2, 049 2, 054 2 2, 660438 434 2 528

29 29 2 34148 158 2 205201 193 2 249

6 4 2 767 68 2 9120 20 2 25

1,139 1,149 2i ;520

97 96 9695 96 9782 78 74

105 107 10999 94 10032 | 29 30

116 i 104 9612 ! 11 11

100 98 98

| :353.5 i 3 54.7 ! 2369 .0

7,013 6,929 i815 670 !

10. 03 10. 22 !59 62

106 | 114

100 ! HI ! 188932 941

:

r Revised. pPreliminary. ' Number of carriers filing complete reports for the year.2 Data cover 5 weeks; other'pcriods. 4 weeks. 3 Preliminary estimate by Association ofAmerican Railroads.

*Xew series. The monthly motor carrier index (ATA) is based on a sample of carriersthat represents approximately one-third of the class I and II common carriers of generalfreight; monthly data back to 1955 are shown on p. 40 of the July 1966 SURVEY. Railroadrevenue ton-miles are compiled by Interstate Commerce Commission.

§EfTective 1st qtr. 1965, carriers reporting both intercity and local and suburban schedulesare classified as intercity if intercity revenues equal or exceed 50 percent of revenues iroinboth operations.

9 Includes data not siown separately.d" Comparability of df.ta between periods shown has been affected by organization!

changes: certain operations reported prior to 1965, and others reported through mi(l-iw>.are no longer covered.

,tional•1965,

255-322 0 - 6 7 - 5Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis



1965 1966

Annual

1966


1967

Jan. Feb. Mar.

CHEMICALS AND ALLIED PRODUCTS

CHEMICALS

Inorganic chemicals, production:Acetylene __mil. cu. f t _ _Ammonia, synthetic anhydrous (commercial)

thous. sh. tons--Carbon dioxide, liquid, gas, and solid doChlorine gas (100% Ch) doHydrochloric acid (100% HC1) _ - _ -doNitric acid (100% IINOs) doOxygen (high puritv) mil. cu. ftPhosphoric acid (100% P2Os) thous. sh. tons...Sodium carbonate (soda ash), synthetic (58%

Na20) thous. sh. tons_.Sodium bichromate and chromate _ _ d o _ _ -Sodium hydroxide (100% NaOH) doSodium silicate (soluble silicate glass), anhydrous

thous. sh. tons-_Sodium sulfates (anhydrous, refined; Glauber's

salt' crude saltcake) thous. sh. tonsSulfuric acid (100% HsSO^ do

Organic chemicals, production :d"Acetic anhydride mil IbAcetylsalicylic acid (aspirin) doCreosote oil mil. gal

DDT mil. IbEthyl acetate (85%) do. -Formaldehyde (37%HCHO)_ doGlycerin, refined, all grades:

Production do_ _Stocks, end of period _ __ _ _ _ do _ -

Methanol, synthetic and natural mil. ga l__Phthalic anhydride _ - _ _ . - mil. Ib -

ALCOHOL

Ethyl alcohol and spirits:Production _ . _ mil. tax gal-Stocks, end of period doUse for denaturation doTaxable withdrawals _ _ _ _ _ - ._. _ _ do_

Denatured alcohol:Production mil. wine gal--Consumption (withdrawals) _ . _ _ do_ _Stocks, end of period do

FERTILIZERS

Exports, total 9 thous. sh tonsNitrogenous materials doPhosphate materials. _ _ . doPotash materials do

Imports:Ammonium nitrate doAmmonium sulfate doPotassium chloride doSodium nitrate _ do

Potash deliveries (K20) doSuperphosphate and other phosphatic fertilizers

(100% P2O5) :Production _ _ _ thous. sh. tonsStocks, end of period do. _.

MISCELLANEOUS PRODUCTS

Explosives (industrial), shipments, quarterly:Black blasting powder mil. IbHigh explosives _ do

Paints, varnish, and lacquer, factory shipments:Total shipments _ _ _ _ _ mil. $

Trade products doIndustrial finishes do

Sulfur, native (Frasch) and recovered:Production thous. Ig. tons__Stocks (producers'), end of period do

PLASTICS AND RESIN MATERIALS

Production:Cellulose plastic materials mil. lb-_Thermosetting resins:

Alkyd resins . _ _ doCoumarone-indene and petroleum polymer

resins-__ mil IbPolyester resins _ _ _ _ _ _ d oPhenolic and other tar acid resins doUrea and melamine resins do

Thermoplastic resins:Styrene-type plastic materials (polystyrene),T . , mil. l b _ _\ myl resins (resin content basis) doPolyethylene... do

16, 745

8, 607. 41, 077. 7

6, 438. 91, 310. 04, 860. 0182, 0313, 845. 1

4.931.0138.2

6, 723. 5

589.8

1,392.424, 789. 5

i 1,531.729.0

2 108. 4

144.6107.3

1 3, 085. 5

353.224.7

1 433. 3579.1

710.1200. 5

' 589. 570.0

315.9315.2

5.4

3 10. 8103 1. 1963 8, 1043 1. 053

177181

1.780398

3,342

3,834469

.81, 459. 4

2. 169. 31, 246. 7

922.6

i 7, 3363,425

1 169. 6

1 585. 6

324.91 388. 01 919. 91 595. 8

1 2, 002. 5'2,28° 03, 047. 4

' 16, 8"9

r 10,661.1r 1, 298. 2'6,946.0r 1, 560. 3'5,333.0'214,853r 4, 522. 8

r 5, 073. 2' 138. 9

'7,342.0

609.1

' 1, 429. 5'27,186.5

'1,600.934.1

i 112.7

141.5i 121. 6

1 3, 627. 1

365. 626.0

i 485. 6i 674. 8

659. 1204. 0570.074.7

307.3310.0

3.5

14,2192,303

10,0181,000

154160

2,382321

3,991

' 4, 431'624

.51,753.1

2, 326. 31,315.71,010.6

8,2222,704

i 190. 6

i 614. 0

i 333. 5453.3

i 982. 6i 632. 8

12,397.21 2 670 013,558.7

1,278

832.987.0

517.1110.1437.4

16, 065352.7

386.411.4

532.3

44.7

111.62,091.5

130.62.77.6

12.38.0

269.9

28.628.636.049.0

49.5211.946.45.1

24.924.34.0

1,15217385289

1119

13917

238

363548

165.284.680.6

6113,281

14.5

48.8

25.736.380.152.7

177.4214 7260.1

1,533

920.2100.5593.5121.4450.5

18, 303394.7

439.112.6

628.1

65.4

129.42,297.2

135.23.1

10.5

12.08.3

309.7

29.830.039.657.3

54.6211.652.06.5

28.028.13.8

1,150272747

47

1526

29044

495

422413

371.4

207.3116.091.3

6733,213

17.0

59.0

28.040.587.856.3

191.5221.6291.1

1,370

851.9101.1573.3123.3431.3

17, 636405.0

423.012.6

605.2

54.7

119.22,420.7

129.02. 89.0

14.211.9

290.1

30.116.639.154.9

53.2208.5

45.76.1

24.624.63.7

1,002103786

74

2020

28438

626

400293

208.7120.987.8

6643,128

15.9

55.9

29.238.584.353.0

197.6221. 4274.6

1,395

976.1110. 1587. 4132.6428.9

18,634406. 2

452.611.9

625.9

39.2

123.82,314.9

122.32.99.7

14.010.5

296.1

29.920.836.757.1

52.9207.046.97.1

25.325.93.7

1,17419285473

1510

17543

308

402383

220. 9129. 291.7

7083, 021

15.6

55.2

31.738.878.654.2

207.3225 1288.7

1,360

889.8118.8560.5121.4394.917,868360.8

433.111.6

595.9

49.9

118.42178.3

137.92.99.0

11.49.1

315.4

32.420.133.255.7

50.8207.948.66.1

26.226.43.3

1,086128736115

105

8232

147

365520

. 1471 7

232 9140.792.2

6842,984

17.5

55.1

29.740.984.358.0

203. 2221.4292.7

1,323

855.6129.8577.4127.8395.3

17,347361.2

431.711.3

606.7

47.5

116.62,233.6

116.92.49.5

12.28.7

274. 6

25.620.439 854.7

53.1210.340.94.8

22. 122.33.0

1,378140

1,000115

128

11833

158

337647

200.6123.377.3

7383,014

6.1

46.4

25 934.773.341.2

198.1190. 1294.7

1,464

857.2134.0585.6124.8420.9

18,167374.2

417.211.9

617.4

56.0

118.12,209.2

134.02.4

10.0

9 99 4

320.7

31.523 841.256.2

48.0205.348.36.4

26.026. 12.9

1,194172821104

125

214(4)

272

334658

221.1132.788.4

6772,975

15.2

52.8

31.237.080.653.9

203. 7223. 9311.1

1,471

847.8115.4570.0125.0423.7

18,125353.2

400.711.9

605.7

53.9

120.52, 162. 8

125.72.99.9

9.310.9

291.9

30.521.741.257.6

58.1201.543.97.0

23.723.63.0

1,15519780885

118

23734

472

328572

1 i482 2

201.4115.985.5

6712,925

15.4

49.4

27.837.989.053.5

204. 6224. 5311.0

1,426

822. 2113.9605. 2135.5469. 2

19,178388.0

445. 212.9

649. 0

55.1

115.02,316.0

126.83.28.8

11.59.7

318.8

32.422.443.158.4

65.2196.950.98.9

27.826.7

4.0

1,13119380588

1310

26013

372

367552

189.1104.784.4

7052,871

16.3

48.6

23.937.990.658.3

210. 3239.2304. 6

1,399

911.4106.9599.6129.5497.5

18,584374.3

408.29.3

634.1

52.8

112.82,347.2

137. 02.79.6

10.312.8

309.6

35.224.342.859.9

59.6199.047.76.8

25.826.53.2

1,49744386458

1420

22813

282

370612

171.790.681.1

6992, 926

15.3

44.3

27.138.080.451.8

210.2227 5312.7

' 1, 409

'1,049.6'96.2

' 615. 2' 135. 4' 512. 5

'18,343' 391. 6

r 424. 4'9.1

' 657. 2

51.1

'114.0'2,447.0

137.33.4

10.0

10.912.1

308.3

30.826. 048.158.7

59.4204.048.05.2

25.926.23.5

1,432216

1, 01994

1212

17535

286

'395'624

—1 0427 8

142.871.871.0

7222,704

16.1

45.0

22.037.173.947.1

192.7227.0326. 3

1,469

1, 041. 890.3

604.5133.7512.8

18, 230404.3

391.211.5

637.6

47.7

119.92, 330. 5

129.82.99.9

9.910.9

300.9

'30.9' 27. 5

42.2'58.3

57.0203.156.65.1

30.430.73 2

1,273116979136

1120

2219

'351

398588

153.879.374.5

6942,722

14.1

46.7

23.435.977.550.8

190.7227.5306.8

114.72.27.2

10.18.3

289.8

26.527.141.053.6

1,128118854108

929

21330

296

' Revised. i Revised annual total; revisions are not distributed to the monthly data.2 Beginning Jan. 1965, data exclude creosote in coal-tar solutions (formerly included); these

average 930,000 gallons per month in 1964. 3 See note "O" for p. S-21. < Less than 500short tons.

d"Data are reported on the >ja^^ ui ôtherwise indicated. 9 Includes data

of 100 percent content of the specified material unlessdata not shown separately.




1965 1966

Annual

1966


1967

Jan. Feb. Mar.

ELECTRIC POWER AND GAS

ELECTRIC POWER

Production (utility and industrial), total Jmil. kw.-hr__

Electric utilities total doBy fuels do13 y waterpower do

Privately and municipally owned util do

Industrial establishments total doBy fuels doBy waterpower do

Sales to ultimate customers total (EEI) doCommercial and industrial:

Small light and power § doLarge light and power § do

Railways and railroads do

Street and highway lighting doOther public authorities doInterdepartmental do

Revenue from sales to ultimate customers (EdisonElectric Institute) mil. $__

GAS

Manufactured and mixed gas:L/usio ers, e a pe , i y. _ _

T H t ' 1 ~ " r i r n ~ ~ ~ p rial ~ ~ f\n

Residential do

Residential do

Natural gas:Customers, end of period, total 9- -.thous-..

Residential _ _ d oIndustrial and commercial do

Sales to consumers, total 9 ...mil. therms..* --- W*~i~ - - - - - - -

Revenue from sales to consumers, total 9 ..mil. $..Residential. doIndustrial and commercial do

,156,929

,054,790861,342193,448

855, 632199, 158

102, 13998, 9883,151

953, 414

202, 112433, 365

4,652280, 970

8,78221,6751,858

15, 158. 4

7026594°

1,357809534

130 487 242.1

37, 26534, 2272,997

118,74839, 19074, 657

7, 278. 53,937.83, 166. 0

,248,232

,143,737949, 254194, 482

933, 407210, 329

104, 496101, 346

3,149

1,038,982

225, 878465, 077

4,514306, 572

9,24025, 9221,779

16, 196. 1

94, 962

86, 86571, 57715, 288

70, 17216, 692

8,0977,835

262

84, 418

16, 98836, 183

40627, 976

7971,944

125

1, 324. 6

........

101, 899

93, 05774,89018, 167

75, 35417, 703

8,8418,527

315

84, 035

17, 03437, 711

41026, 024

7761,928

151

1,304.7

69965543

532346186

48 033 514.5

37,28234,2153,077

41, 25318, 27222 981

2, 748. 81, 675. 41, 073. 4

96, 667

88, 07971, 75916, 321

71, 69416, 385

8,5878,269

318

82, 324

17, 16437,800

38224,001

7272,111

138

1, 282. 8

00,559

91,63073, 19318, 436

73,85717, 772

8,9298,610

320

82, 001

17, 48238, 726

36222, 433

6892,144

166

1, 278. 3

05, 367

96. 49280, 27116, 221

78, 66317, 830

8,8758,600

274

84, 542

19, 11039, 159

35022, 872

6642,231

155

1, 327. 1

67363141

311181127

29.119.19.7

37, 18234, 1822,958

30,0438,821

19, 848

1, 793. 3922.4823.4

13, 380

04, 67889, 05415, 624

85, 58119, 096

8,7038,490

212

89, 682

21,30938, 683

34026, 220

6682,300

162

1,414.5

12,348

03, 63287,30916,323

85, 22118,411

8,7168,509

207

93, 376

21,99540, 212

35527, 667

7142,266

166

1, 453. 1

102, 282

93, 81779, 72214, 095

77, 72716, 090

8,4668,264

201

91,519

21, 32940, 355

34126, 351

7462,239

158

1, 427. 6

667626

40

16763

103

16.38.67.9

37, 15734, 2012,915

23, 5663,402

18, 686

1, 194. 9454.5693. 4

03, 070

94, 21079, 78614, 424

77, 78916, 422

8,8598,626

233

86, 718

19,16640, 001

37023, 981

8112,238

151

1,351.6

02, 729

93, 94978, 74515, 204

77, 14016, 809

8,7808,521

259

86, 350

18, 45739, 851

37624,371

8662,291

139

1, 330. 5

09,717

00, 86083, 05317, 807

82, 36518, 495

' 8, 8578,575

282

89, 262

18, 84039,560

42127,087

9142,306

134

1, 375. 0

09,951

01, 25683. 56617, 690

82,61818,638

8,6958,393

302

93, 362

19, 25339, 652

43830, 594

9252, 351

149

1, 431. 2

FOOD AND KINDRED PRODUCTS; TOBACCO

ALCOHOLIC BEVERAGESBeer:

Production mil. bbl__Taxable withdrawals doStocks, end of period do

Distilled spirits (total) :Production mil. tax gal._Consumption, apparent, for beverage purposes

Taxable withdrawals mil. tax gal..Stocks, end of period doImports mil. proof gal__

Whisky:Production mil. tax gal--Taxable withdrawals.... ..doStocks, end of period doImports mil. proof gal_.

Rectified spirits and wines, production, totalmil. proof gaL_

W~hisky doWines and distilling materials:

Effervescent wines:Production mil. wine gal--Taxable withdrawals doStocks, end of period doImports . _ _ _ do

Still wines:Production doTaxable withdrawals _ . _ _ . do. __Stocks, end of period.. doImports. - do

Distilling materials produced at wineries. .-do

100. 4210.34

185. 06

137. 52872. 9058.04

126.8890.05

835.8551.10

94. 1164 81

7.296 253.101.45

233 41167. 14262. 30

14. 91

470. 56

104.2610.57

191. 14

144. 72880. 4260.30

128. 5194.57

835. 4652.20

101.3067 13

8.757 403.751.64

218 82165. 77265. 1016.34

r 390. 23

6.6611.07

17. 02

10. 58881. 58

3.83

12.497.50

842. 553.31

7. 104 85

.7935

3.78.11

2 5912.42

239. 53.95

8.7311. 83

or oq

886. 185.14

15.067.87

846. 874.49

5 81

.88

.484.14.12

2.5817.62

225. 261.38

9 00

8.5412. 34

23 55

888. 944.52

13.187.41

850. 064.00

5.36

.65

.494.26.10

2.2612.89

214.161.16

in 149.06

12.62

1 7 (-ft

24 81

889. 414.66

12.728.15

851. 454.07

9 AQ

6.38

.66

.504.34.13

3.0312.66

202.111.48

9 ^1

11 5110.74

1 fi 7O

26 39

890. 764.99

11.507.56

852. 974.38

Q I O

5.06

.82

.614.49.11

2.3014.91

188.781.30

I CC

11 3210.59

9 94

22 349 on

887. 203.66

4.946.00

849. 982.82

5 933.' 83

.47

.384.55.08

1.529.81

178.581.02

9 07

10 9910. 44

10 94

24 I9

19 ^1

885. 414.38

7.617.46

847. 653.74

8 465.72

.73

.544.66.10

9.6313.10

171. 881.21

31 96

9 008.95

14 31

25 2019 57

883. 875.77

8.728.68

844. 374.58

9 216.40

.58

.734.46.11

72. 9413.93

225. 041.25

145 40

8 377.79

U CA

16 98

26 4515 57

879. 81

9.2611.13

839.286.60

12 709.34

.72

.914.20.23

88.4415.90

290.381.57

r J9Q 5g

8 107.93

nos

17 06

32 1414 32

878. 48

9.9210.06

835. 186.39

9 926.46

.731.013.88

.25

17.8816.09

282. 862.07

35 20

8 338.14

10 57

15 20

37 5610 05

880. 42

9.856.55

4.88

6 923.99

.961.003.75.18

8.2814.47

265. 101.43

18 65

8 387.00

11 31

17 90

9 91885. 49

12.736.49

QOQ 29

4.10

6 493.60

.86

.514.01

.14

3.4913.43

253. 501.22

8.68

8.157.07

11 77

3.42

.13

r Revised.^Monthly revisions for 1964 appear on p. 43 of the June 1966 SURVEY; production data for

al l periods shown here include Alaska and Hawaii.

§Data are not wholly comparable on a year to year basis because of changes from oneclassification to another.

9 Includes data not shown separately.



Unless otherwise stated, statistics through 1964and descriptive not**s are shown in the 1965edition of BUSINESS STATISTICS

1965 I960

Annual

1966


1967

Jan. Feb. Mar.

FOOD AND KINDRED PRODUCTS; TOBACCO—Continued

DAIRY PRODUCTS

Butter, creamery:Production (factory) mil. IbStocks, cold storage, end of period.. __do. _Price, wholesale, 92-score (N.Y.) $ per lb_.

Cheese:Production (factory), total. . mil. lb_

American, whole milk- do

Stocks, cold storage, end of period . _ __doAmerican, whole milk do

Imports doPrice, wholesale, American, single daisies (Chi-

cago). _ $ p e r l b _ _Condensed and evaporated milk:

Production, case goods:Condensed (sweetened) mil. IbEvaporated (unsweetened) do

Stocks, manufacturers', case goods, end of period:Condensed (sweetened) mil. IbEvaporated (unsweetened) do

Exports:Condensed (sweetened) doEvaporated (unsweetened) do

Price, manufacturers' average selling:Evaporated (unsweetened) $ per case

Fluid milk:Production o n farms. _ _ . _ . _ mil. l b _Utilization in mfd. dairy products doPrice, wholesale, U.S. average $ per 1001b._

Drymilk:Production:

Dry whole milk mil IbNonfat dry milk (human food) do

Stocks, manufacturers', end of period:Dry whole milk doNonfat dry milk (human food) do

Exports:Dry whole milk doNonfat dry milk (human food) do

Price, manufacturers' average selling, nonfat drymilk (human food) $ per Ib

GRAIN AND GRAIN PRODUCTS

Exports (barley corn oats rye wheat) mil bu

Barley:Production (crop estimate). ... doStocks (domestic), end of period do

On farms doOff farms do

Exports, including malt§ doPrices, wholesale (Minneapolis):

No. 2, malting $ per buNo. 3, straight . ..do. .

Corn:Production (crop estimate, grain only) mil buGrindings, wet process do

Stocks (domestic) end of period total mil buOn farms doOff farms _ do

Exports, including meal and flour doPrices, wholesale:

No. 3, yellow (Chicago) $ per buWeighted avg., 5 markets, all grades do

Oats:Production (crop estimate) mil buStocks (domestic), end of period total do

On farms doOff farms do

Exports, including oatmeal doPrice, wholesale, No. 2, white (Chicago)

$ per bu

Rice:Production (crop estimate) mil bags 9California mills:

Receipts, domestic, rough mil. IbShipments from mills, milled rice doStocks, rough and cleaned (cleaned basis), end

of period.. . _ mil. IbSouthern States mills (Ark., La., Tenn., Tex.):

Receipts, rough, from producers mil IbShipments from mills, milled rice do. .Stocks, domestic, rough and cleaned (cleaned

basis), end of period mil. IbExports doPrice, wholesale, Nato, No. 2 (N.O.) $ per Ib

Rye:Production (crop estimate) mil buStocks (domestic), end of period doPrice, wholesale, No. 2 ( Minneapolis).. $ per bu_.

1,322.852.1.610

1,755.51, 158. 4

308.6271.079.3

.450

95.91,693.0

5.9134.8

i 65.3i 24.7

6.09

124, 173' 60, 168

4.24

88.61,992.7

5.058.2

120.01 438. 8

.147

11,385.6

2 392.3300.8184.5116.3i 65.9

1.331.27

2 4,084204.9

4,0413,085

956i 598. 9

1.281.25

2927762660103

i 24.3

.74

2 76 3

1,6121,055

207

5,71154,020

1,64113,411

.083

233 228 81.15

1, 119. 232.3.672

1, 873. 61, 234. 5

372.7322.2135. 5

.527

127.11, 730. 9

11.6192.9

92.938.4

6.73

120, 23057. 365

4.81

87.51, 587. 5

6.9r 118. 5

16.4170.3

.182

1, 590. 3

2 389. 6290.5177.2113.363.6

1.351.33

2 4, 103203.6

3 6632,885

778616.6

1.341.31

2798660555106

30.24. 77

2 85 1

1,586'946

317

5,8803,962

1,7582,978.083

2 27 928.11.20

92 226.6.627

127.678.3

r 283. 6r 244. 3

7 2

.501

9.1118.4

5 461.9

2 02 2

6 33

9,1374 2184.55

7 7123.2

6 253 8

1 76 4

152

127 9

6 3

1.401.38

15 2

51.5

1.291.24

.6

.78

8049

162

195316

1,350207

.082

1.22

101 525.5.643

158.7100.2

r 275. 7' 235. 4

11.1

.524

9.1147.0

6.640.2

9.73.1

6.46

10, 5375,0264.54

7.5146.0

5.947.5

2.016.2

.156

161 3

193.199.294 04.5

1.361.35

18.0r 2 863

2,123741

65.7

1.251.22

53644887

8

.77

126105

143

133291

1,170233

.083

24.81.16

106.234.3.632

165.6113.0

r 302. 9' 258. 9

7 8

.507

9 3165.6

5 873.6

4 73.4

6 55

10, 7255 2704.45

8 1167.5

6 7r 79 4

1 028.8

169

160 6

7.9

1.321.29

17.0

64.6

1.281.24

3.4

.75

9559

146

108253

1,002205

.083

1.17

116.453.2.641

184.2130.5

* 330. 0' 282. 4

5.9

.500

11 2193.2

8 5128 3

9.14.4

6 63

11,5255,8494.34

7 6188.0

9 2' 112. 5

2.29.5

172

139 7

7.3

1.331.30

16.8

53.4

1.281.26

5.2

.74

7697

80

72288

763295

.083

1.14

114 8'85.8

.666

194.5138.3

r 369. 7* 321. 1

10 3

.517

11 0195.4

8 4205.8

8 62.5

6 64

11,2696, 1524.36

8 9192.5

8.7' 139. 8

.58.3

.174

143 4

3104.8346.1358.6

8 0

1.301.27

18.2

1,7831,324

45955.3

1.321.25

3 3163 241

3 75

3.9

.78

11761

111

25365

442219

.083

3 19 01.19

83.992.2.717

169.5116.6

' 391. 3r 340. 9

9.7

.539

11.6158.1

6.1223.4

8.33.5

6. 78

10,3505,1874.70

7 0132 0

8 8T 143. 6

1 226.0

195

119 0

3 0

1.301.27

16.9

43.4

1.391.33

3.6

.77

6654

99

98271

254404

.083

1.22

77.385.9.736

156.8105.3

r 402. 5' 349. 4

10.8

.562

11 3159. 1

6.9217.2

10.74.9

6.93

9,7634,8044.99

7 5110.5

8.2' 129.3

2.619.7

.202

138 7

3.7

1.341.31

18.1

51.8

1.481.40

9 3

.76

8253

97

896232

62385

.083

1.24

70.568.4.754

145.695.3

' 398. 4' 347. 1

10.3

.562

12.2133.8

6.0245.1

8.13.8

7.07

9,2634,1815.28

7.089.0

7.9' 118. 4

1.415.6

.206

134.0

386.1245.3140.8

8.5

1.391.35

17.13 8403 530331145.3

1.441.40

833675158

3.2

.75

266'110

168

1,312366

1,109200

.083

37.81.23

79.158.1.699

144.091.6

' 388. 8r 335. 5

15.3

.554

12.2125.8

7.0253.4

10.33.4

7.06

9,3334,0485.40

6.592.9

8.4116.8

.99.8

' .200

126.8

4.6

1.411.39

18.3

35.6

1.371.35

4.2

.78

371109

304

1,640404

1,826226

.083

1.18

80.839.0.680

139.485.8

378.3325.417.8

.530

11.1107.4

7.2230.8

7.02.1

7.07

9,0123,9075.39

6.092.9

8.3' 112. 2

.88.8

.204

125.5

4.3

1.371.36

16.9

56.4

1.311.33

2.3

.78

3354

262

664416

1,867246

.085

1.21

97.432.3.674

155.398.6

372.7322.217.8

.530

9.4109.9

11.6192.9

5.63.0

7.06

9,5114, 3715.30

5.5122.7

6.9' 118. 5

.84.1

.201

101.3

290.5177.2113.3

1.4

1.361.34

15.1

3,6632,885

77844.6

1.421.37

660555106

9

15458

317

405399

1,758322

.085

28. 11.25

112.935.1.669

153.1101.5

367.8317.414.7

.530

4 8105.2

14.3150.0

1.5

7 05

9,855'4 770

5. 15

5 8133.8

6 8118.7

.200

90 5

2 7

1.351.34

16 2

35.4

1 401.36

4

79

179197

260

341403

1,611472

p .085

1.20

103.854. 7.672

143.094.9

'361.2' 308. 6

13.2

.520

2 9103.7

15 4119.6

5 9

7 05

9,2174 545'5.06

6 0199 6

7 0111 7

.199

82 7

3 1

1.321.31

15. 1

38.1

1.381.33

(6)

.77

147119

248

294414

2, 766390

1.19

75.1

371.5319.4

10, 510

4.96

1.331.32

17.6

1.381.34

.77

1. 23r Revised. * Preliminary. i See note "O" for p. S-21. 2 Crop estimate for the

year. 3 Old crop only; new crop not reported until beginning of new crop year (July forbarley, oats, rye, and wheat; Oct. for corn). 4 Average for 11 months.

5 Beginning June 1965, data include shipments to Gov't. agencies.e Less than 500,000 bushels. § Excludes pearl barley.9 Bags of 100 Ib.




1965 1966

Annual

1966


1967

Jan. 1 Feb. Mar.


GRAIN AND GRAIN PRODUCTS— Con.

Wheat:Production (crop estimate), total mil. bu

Spring wheat doWinter wheat do

Distribution do

Stocks (domestic), end of period, total doOn farms doOff farms do

Exports, total, including flour doWheat only _ _ _ _ _ _ _ _ _ _ _ d o

Prices, wholesale:No. 1, dark northern spring (Minneapolis)

$ per b u _ _No. 2, hd. and dk. hd. winter (Kans. City)_doWeighted avg., 6 markets, all grades do

Wheat flour:Production:

Flour thous. sacks (100 lb.)~Operations, percent of capacity _Offal thous. sh tons

Grindings of wheat _ _ thous. buStocks held by mills, end of period

thous. sacks (100 Ib.)Exports doPrices, wholesale:

Spring, standard patent (Minneapolis)$ p e r l 0 0 1 b _ _

Winter hard, 95% patent (Kans City) do

LIVESTOCK

Cattle and calves:Slaughter (federally inspected):

Calves thous animalsCattle ._ do

Receipts at 26 public markets doShipments, feeder, to 8 corn-belt States. do. -Prices, wholesale:

Beef steers (Chicago) $ per 100 Ib _Steers, stocker and feeder (Kansas City)__doCalves, vealers (Natl Stockyards 111 ) do

Hogs:Slaughter (federally inspected) ___thous . animals. _Receipts at 26 public markets __. _ _ doPrices:

Wholesale, average, all grades (Chicago)$perl001b._

Hog- corn price ratio (bu. of corn equal in valueto 100 Ib. live hog)

Sheep and lambs:Slaughter (federally inspected). ..thous. animals, _Receipts at 26 public markets _ _ _ d oShipments, feeder, to 8 corn-belt States doPrices, wholesale:

Lambs, average (Chicago) $ per 1001b_.

MEATS AND LARD

Total meats:Production (carcass weight, leaf lard in) , inspected

slaughter. mil. IbStocks (excluding lard), cold storage, end of

period mil IbExports (meat and meat preparations) _ do. _Imports (meat and meat preparations) do

Beef and veal:Production, inspected slaughter doStocks, cold storage, end of period . __ doExports doImports -_ doPrice, wholesale, beef, fresh, steer carcasses, choice

(600-700 Ibs.) (New York) $per lb-_Lamb and mutton:

Production, inspected slaughter mil. lb._Stocks, cold storage, end of period do

Pork (including lard), production, inspectedslaughter mil Ib

Pork (excluding lard) :Production, inspected slaughter _ _ _ _ d o _ _Stocks, cold storage, end of period doExports _ _ _ i doImports doPrices, wholesale:

Hams, smoked, composite v $ per IbFresh loins, 8-12 Ib. average (New York) ..do

Lard :Production, inspected slaughter mil. l b _ _Stocks, dry and cold storage, end of period.. doExports doPrice, wholesale, refined (Chicago) $ ner Ib

i 1,3161299

ll 0171 432

1 336405931

3 694. 23 646. 5

1.831.581.70

254, 58490.9

4 693575 874

4 3143 20 464

5.7845 464

5 07626 61413 9947 230

25.8122. 5027 17

63, 70815 386

20.78

18 2

11,7103 4502,157

24. 29

28 336

4843 535

1 012

15 995269

3 4Q718

.433

57612

11 766

9,330152

3 53262

542. 532

1,77262

3 251. 153

1 1,311!254

1 1, 0571,602

1 046409637

875.7820.8

1.971.811.88

257, 18891.3

4,668579, 183

4,18023 540

6.3655 994

4 43227 319

4 13, 1338,056

26.1725.4239 38

63,7294 15, 175

22.88r 18.6

11,5514 3, 901

1,988

25.00

29 289

691480

1 318

16 70831732

895

.441

58117

19 000

9,670234

55298

587.569

1,696100158

. 152

69.567.9

1.891.651.77

19, 62189.6

35744, 294

711

5.9885 567

3762,037'966

389

27.5526.3837 50

4,650r 1, 095

27.15

23 7

785'227

80

28.25

2, 143

r 50635

101

1,244'255

264

.453

4111

858

701' 183

427

657.639

1146915

.171

419

917256662

90.487.7

1.871.641.74

23, 01390.7416

51,811

4,0861 155

5.9135 540

4592 2321,110

513

28.9627.6236 00

5,8061,316

24.00

'20.5

1,033314120

26.75

2 500

5284394

1 367236

350

.469

5413

1 078

878217

431

625.568

1447718

.160

83.677.7

1.841.651.72

20, 68689.2374

46, 585

2 532

5.9255 567

3702 103

932466

27.7326.7435 00

5,3031 291

21.72

19 1

972279172

25.75

2 349

58532

107

1 291225

265

.460

5018

1 008

804272

329

537.533

14994

5.150

72.867.0

1.871.741.78

20, 62889.0373

46, 382

2, 492

6.0505.800

3182,249

961448

26.5426.3133 50

4,9131,245

22.25

18.7

970315168

27.12

2,363

5723188

1,359213

253

.442

4920

954

761268

5

552.562

14110415

.144

3822 5352 1312 404

76.271.4

1.981.891.88

22, 35092.4403

50, 222

4 2282 071

6.4506 200

3252 3971 151

373

25.3324.9233 00

4,6721, 192

22.88

19.3

1,040335109

24.25

2 432

51838

143

1 466219

3103

.424

5122

914

727214

626

562.604

136102

15.140

68.864.1

2.101.991.96

20, 03790.9367

45, 402

2 015

6. 9056 573

3132 236

976443

25. 2624.15°6 50

4,2281,004

22.65

18. 1

929303104

23.75

2 197

4953498

1 346

268

.410

4526

806

646179

399

552.561

1169410

.143

80.574.7

2.091.981.98

22, 38088.3405

50, 400

2, 495

6. 8386. 483

3612,4691,148

576

25. 7325. 5123. 50

5.. 0881 192

23. 85

18. 3

1,024398230

24. 75

2. 480

43345

123

1, 489

0

96

.440

49

942

757140

418

.577

.577

13473

' if..164

406

1 441544897

76.271.6

2.091.932.08

23, 09398.8

42051,996

4,1971 962

6.8136 433

3902 4161 115

911

26.0725. 5130 00

5,8881 305

22.57

16 4

1,067427325

24.00

2 593

r 45143

131

1 467r 232

3101

.448

5221

1 074

867151

422

557.580

14964

g.158

81.875.8

2.021.802.00

22, 924"98^417

51,602

2 601

6.6386 167

3892 3351 3551,424

25.4824.7931 50

6,0471,439

21.34

16 4

1,022405337

23.25

9 600

50959

128

1 432261

3&>

.433

5120

1 117

901171

726

557.550

1577015

.148

62.156.1

2.001.881.98

21,48491.9389

48, 133

2,595

6.5506. 100

3842,2851, 2441,325

24. 9324. 1832.50

6,2001,469

19.78

15.2

896344126

22.25

2,636

56552

104

1,414282

3

.427

4518

1 177

961206

724

568.509

16378iq

.143

395

1,046409637

55.150. 5

1.971.861.95

20, 80388.9

37746, 621

4,1801,956

6.3255.883

3662,2571,042

705

24.4924.2832.50

6, 2151,460

19.10

14.6

905269111

22.00

2 647

69136

106

1,418317

373

.431

4617

1 183

955234

625

.625

.497

16510014

.133

51.848.1

1.921.791.91

'20,669'88.3

376'46,429

1,564

* 6. 255p 5. 701

3722,3651,142

514

25.2124.32

p 33. 00

6,2801,497

18.77

14.8

1,05329888

22.50

2,732

66836

115

1,488334

382

.437

5515

1 189

959256

523

p 578.512

16711618

P. 138

40.738.0

1.911.731.87

19, 34786.8350

43, 399

1,172

3132,105

840355

24.9224.04

5,6521,233

18.81

14.9

98922170

21.25

2,419

' 6974299

1,324325

363

.434

52'15

1 042

845'290

727

.506

143119

14

1.971.841.93

24.6524.58

18.05

14.0

21.25

738

316

.419

16"

337

.467

r Revised. v Preliminary.1 Crop estimate for the year.

2 Old crop only; new grain not reported until beginning of new crop year (July for wheat) •3 See note "O" for p. S-21. 4 Beginning 1966, data are for receipts at 28 markets.




1965 1966

Annual

1966


1967

Jan. Feb. Mar.


POULTRY AND EGGSPoultry:

Slaughter (commercial production) mil. l b _ _Stocks, cold storage (frozen) , end of period, total

mil. lb_.Turkeys do

Price, in Georgia producing area, live broilers$per l b _ _

Eggs:Production on farms mil cases OStocks, cold storage, end of period:

Shell - - - thous. cases OFrozen mil. Ib

Price, wholesale, extras, large (delivered; Chicago)$ per doz _

MISCELLANEOUS FOOD PRODUCTS

Cocoa (cacao) beans:Imports (incl. shells).. . . thous. Ig. tonsPrice, wholesale, Accra (New York) $ per lb._

Coffee (green):Inventories (roasters', importers', dealers'), end

of period thous bagscfRoastings (green weight) _ _ _ _ _ . do_ .

Imports total doFrom Brazil do

Price, wholesale, Santos, No. 4 (New York)$per l b _ _

Confectioner v manufacturers' sales mil $

Fish:Stocks, cold storage, end of period mil. l b _ _

Sugar:Cuban stocks, raw, end of period

thous. Spanish tons..United States:

Deliveries and supply (raw basis) :§Production and receipts:

Production thous sh. tonsEntries from off-shore, total 9 do

Hawaii and Puerto Rico.. _ do

Deliveries, total 9 doFor domestic consumption . d o

Stocks, raw and ref., end of period do

Exports, raw and refined sh. tons.-Imports:

Raw sugar, total 9 thous. sh. tons..From the Philippines do

Refined sugar, total do

Prices (New York):Raw, wholesale - $ per IbRefined1.

Retail (incl. N.E. New Jersey)-. $ per 5 lb_.Wholesalo (excl. excise tax) $ per lb._

Tea imports thous Ib

Baking or frying fats (incl. shortening) :Production mil. lb. .Stocks (producers' and warehouse), end of period

mil lbSalad or cooking oils:

Production doStocks (producers' and warehouse), end of period

mil. lb..Margarine:

Production.. _. .. _ _ doStocks (producers' and warehouse), end of period

mil. lb_.Price, wholesale (colored; mfr. to wholesaler or

large retailer; delivered) $ per lb._

FATS, OILS, AND RELATED PRODUCTS

Animal and fish fats: ATallow, edible:

Production (quantities rendered) mil. lb..Consumption in end products... .. _ ..doStocks (factory and warehouse) , end of period

mil. lb..Tallow and grease (except wool), inedible:

Production (quantities rendered) doConsumption in end products doStocks (factory and warehouse), end of period

mil. lb_.Fish and marine mammaloils:

Production . doConsumption in end products doStocks (factory and warehouse), end of period

mil. lb-.

7,998

315200

.145

179.4

8551

.328

354. 4.172

3 14321,680

21 2905 742

.4511 434

230

472

4,1525, 7961 , 966

10, 15110,0202,648

i 2, 359

3, 7831 055

82

.068

. 595

.095

130 358

2, 792. 5

116 6

2, 773. 1

85.9

1,904.4

41.6

.261

530. 1416. 8

31. 1

4, 302. 52.210.5

413. 8

190.279. 3

185.3

8,811

436267

.145

179. 3

97

36

.401

319.3.246

3 14121,30092 0566 726

.4141 544

271

40

4, 0426, 2321,915

10, 44410, 297

2, 594

3, 006

4,1981 039

38

. 070

. 620

.096

13° 996

3,181.2

118 6

2, 946. 8

83.4

2, 109. 7

53.2

. 266

566.7510.8

50.9

4, 466. 92, 439. 6

447.4

164.176. 8

158.5

522

249156

.155

r 14 0

2098

412

57.7. 221

9 013545

. 425127

175

1,322

921294196

783Til

2,600

62

260106

1

. 069

.611

.098

9 35°

266.3

118 8

238.1

87.9

172.7

48.4

.261

47.644.7

36.6

346. 1190.5

446.5

.37.0

158.8

554

201122

.165

15 6

2824

.423

46 6. 233

3 1895,571

2 382599

.420130

162

r 2, 347

194331203

831817

2,519

1, 765

313149

4

.068

.615

.098

14 677

265. 2

118 4

271.8

79.0

188.5

58.5

.261

45.436.5

40.8

370.6208.2

410.2

. 57.0

137.4

605

16992

.150

15 4

4233

.385

29 2. 259

1 965597

.423111

162

2,990

134231235

750739

2,514

155

303117

(2)

. 069

.616

.095

13 778

242. 6

132 0

233.9

96. 2

163. 6

56.0

.261

40.834.6

41.0

338. 5188.3

414.0

5.46.6

135. 5

617

15169

.160

15 8

7649

319

33 5.244

1 818570

.413101

164

2,675

90258260

837825

2,300

123

25346

.069

.617.095

11 948

262. 1

193 1

253. 0

104. 8

164. 3

56.4

.261

49.342.9

49.6

366.0208.2

357.4

18.97.3

i 138. 6

733

16070

.155

14 8

r 10155

.325

14 0.248

3 4685 185

1 680560

.410103

178

2,300

43407198

976967

1, 982

75

394101

5

.069

.617

.095

10 649

270.8

141 3

269.9

81.4

159.5

57.5

.261

45.843.4

51.0

378.0225. 6

352.2

35.47.4

138.4

722

209104

.155

14.8

7962

.399

20.3.274

1,570451

.40675

211

1,642

48589188

1,0381,0281,670

131

506154

3

.070

.619

.095

8,446

232.8

119.8

240.9

85.8

147.9

58.1

.261

41.339. 8

50.0

346. 0165.7

382. 1

28.65.3

151.0

902

283171

.145

14.5

5760

.417

9.6. 270

1,309153

.413117

248

1,297

00817163

1,0321, 0201,300

86

38068

(-)

.071

. 623.096

9, 681

307. 7

110 8

248. 1

89.1

178.1

55.9

. 266

49.455.6

45.5

375. 7219. 1

393.9

21.86. 6

166. 7

931

409284

.140

14.3

10053

.477

10.3.241

3, 3435, 119

2,085960

.410182

259

1,022

128500113

1,0731,0581,007

177

612154

3

.071

. 618

.097

13 174

276. 8

116 8

219.3

60. 0

173.4

57.5

.274

45. 547.5

40.3

389.8215.3

417.1

20. 46.7

180.4

958

539'395

.120

15.1

4846

.430

13.4.240

2 168947

403171

262

762

676387136

776763

1,460

84

39033

5

.072

.630

.097

11 018

260. 5

118 5

219.9

67.6

190.0

59.9

.273

47.942.7

43.3

380.0210.8

422.8

8.75.2

172.1

888

468312

.125

14.8

2339

.456

15.9.233

1,573455

.403169

272

242

1,073357

82

776759

2.142

184

33856

< )

. ' '•! I

. »>:L'

. ()'.:7

9,28!

265. 9

109 7

237. 6

82.2

193.3

54. 8

.273

55. 047.7

43.0

398.8203. 3

430. 9

16. 56.5

183.9

790

436267

.110

15.6

2736

.399

26.8.249

3 1415,425

1,664471

.398138

271

40

896232

7

889871

2, 594

88

28916

5

071

.636. 099

1 0. 545

264. 3

118 6

259. 8

83.4

192. 9

53. 2

.273

51.040.0

50.9

410.7207. 9

447.4

7.15.8

158.5

682

437275

.125

16.4

6437

.343

49.8.273

1,979560

.388146

253

685

5612, 074

170

674658

r 2, 832

40

225645

.071

.633v . 099

12, 461

259. 8

' 119.3

' 238. 0

- 70. 0

202. 3

'49.5

P .273

51.0' 35.3

' 63.0

' 408. 5r 210. 5

' 507. 7

'1.9' 6.1

' 153. 0

551

••409r 254

.140

15.0

'4541

.311

50.9.305

1,618359

.388

1.640

246143

p 2, 724

89

2954510

.072

.630

11,633

248. 4

105. 4

239. 0

76. 3

172. 8

54.3

53.840.7

65.3

388.3190.9

484.4

.45.6

149.1

353209

.130

17.0

3945

.290

.388

2, 890

.072

'Revised, p Preliminary. 1 See note "O" for p. S-21. 2 Less than 500 short tons.OCases of 30 dozen. d"Bags of 132.276 lb.

§Monthly data reflect cumulative revisions for prior periods. 9 Includes data notshown separately; see also note "§". AFor data on lard, see p. S-28.




1965 1966

Annual

1966


1967

Jan. Feb. Mar.


FATS, OILS, AND RELATEDPRODUCTS- Continued

Vegetable oils and related products:Coconut oil:

Production:Crude mil. IbRefined --- - do..

Consumption in end products doStocks, crude and refined (factory and ware-

house) end of period mil IbImports do

Corn oil:Production:

Crude doRefined do

Consumption in end products _ doStocks, crude and refined (factory and ware-

house), end of period mil. Ib

Cottonseed cake and meal:Production thous sli tonsStocks (at oil mills) end of period do

Cottonseed oil:Production:

Crude mil IbRefined do

Consumption in end products doStocks, crude and refined (factory and ware-

house), end of period mil. IbExports (crude and refined) doPrice wholesale (drums* N Y ) $ per Ib

Linseed oil:Production, crude (raw) mil IbConsumption in end products doStocks, crude and refined (factory and ware-

house), end of period mil. Ib

Soybean cake and meal:Production thous. sh. tonsStocks (at oil mills) end of period do

Soybean oil:Production:

Crude mil IbRefined do

Consumption in end products _ do _..Stocks, crude and refined (factory and ware-

house) end of period mil IbExports (crude and refined) do

TOBACCOLeaf:

Stocks, dealers' and manufacturers' end of period!mil Ib

Exports incl scrap and stems thous IbImports in cl scrap and stems do

Manufactured:Consumption (withdrawals):

Cigarettes (small):Tax-exempt millionsTaxable do

Cigars (large) taxable doExports, ciearettes millions. .

365.4488.1723 5

154 4383. 6

445.9412 8422.9

213.1

2,756. 380.9

1,974.21, 668. 81 471 7

300.1501.3i 149

410. 1997 9

213. 5134

11,179.175. 4

5, 235. 54, 547. 34,437.6

374. 81 026 7

134

2 1 855

5 582468 075243, 347

44, 236511,463

7 57823, 052

569.6784.0

195.6498.2

446.6397.6388.0

53.5

2, 382. 494.2

1, 674. 61,511.11, 263. 1

381.8184.0.178

454.2'>26. 9

208. 4.128

12, 614. 4120.0

5, 820. 25, 152. 05, 200. 5

510.9684.8

.140

2 1 847

5 353551, 162179, 336

46, 112522, 532

7,07623, 453

21.243.759.1

146.343.7

34.331.232.2

29.6

305.4115.0

214.7166.4125. 4

366. 330.0.168

38.116 8

225.6. 128

1,042.7113.7

478.4416.5415.8

444.242.1.144

29, 52514, 495

3,52442, 985

5252,019

24.752.570.7

176.587.2

40.534.731.7

34.8

287.6156.7

202.4204.2132.0

396.037.7.171

43.121.3

225.9.128

1,142.8134.2

526.3476.4466.5

485.945.6.136

5 47939, 28513,523

4,57747, 053

6312, 190

(d)46.061.5

155.110.4

38.028.825.4

40.2

197.4189.6

139.2147.6112.1

408.910.8.178

36.420.0

237.7.128

1,010. 1122.8

476.6418.0409.5

521.933.2.139

23, 19116,413

4, 04039, 582

5712,414

32.452.170.2

143.831.3

37.132.730.3

52.5

157.3212.5

113.4130.8104.7

391.911.8.185

40.922.0

260.1.128

1,157.1165.5

537.8450.9431.9

582.347.2.138

23, 13413, 838

3, 95445, 221

6821,926

36.351.374.7

147.250.3

40.033.929.6

60.4

109.3170.1

81.1106.3106.2

343.617.0.192

45.222.6

240.8.128

1,040.1159.4

480.8430.2452.3

589.964.6.132

5,10428,35015,107

3,77148, 552

5791,663

41.943.057.0

149.510.3

37.525 A30.9

63.2

72.2133.9

50.661.292.8

300.83.9

.194

15.920.8

212.5.128

969.9198.9

451.8359.7391. 5

598.255.1.147

44, 20113, 877

3,62537, 925

5072,136

38.445.967.1

190. 751.6

38.237.936.0

59.1

70.899. 5

49.155.299.1

232. 82.9

.202

38. 521. 3

177. 2. 128

944. 0130. 5

436. 9425.8449.6

511.197.1.164

56, 95215,427

3,86350.707

6512,117

33.251.970.5

189.039.3

35.938.238.7

55.4

101.264.1

67.757.085.4

201.82.8

.181

44.119. 1

188. 6.126

824.1111.4

382.1402.1410.4

462.078.5142

5 14264, 48716, 043

3,47546, 371

! 6261,938

(d)50.267.4

187.424.2

39.534.935.8

54.6

237.789.6

165.6101.086.6

246.26.4

.165

45.416.0

207.8.126

1,039.6130.0

482. 1411.5419.0

457.730.4.132

67,57716, 427

3,82743, 484

6452, 021

(<043.360.2

178.731.3

36.136.033.4

55. 2

259.991.7

183.1137.692.7

309.45.7

.169

39.015. 0

218. 0.128

1,147.1129.0

521.9427.0434.8

488.048.6.133

70,18214,812

! 3,81943, 225

6641,941

(<041.960.0

195.69.3

34.133.634.0

53.5

249.294.2

175.1162.495.1

381.85.2

.165

30.114.7

208.4.128

1,133.1120.0

512. 3465.3465.7

510.997.8.131

5,35372, 30813, 129

3,54938, 079

4241,573

(d}

••52.4'65.9

r 194. 5196.8

34.334.034.2

r47.0

r 237. 6'111.6

'168.0128.7'82. 5

' 434. 93.8

P .151

'33.3••19.1

r 205. 9p .128

'1,157.6r 134. 1

r 529. 0r 460. 4r 452. 2

r 566. 124.3

p .127

36, 93014,907

3,40641,319

5371,769

(d)45.056.4

217.879.6

33.930.333.7

45.3

178.0123.1

125. 4116.284.5

471.44.6

29. 719.0

204. 2

1,029.9109. 2

472. 2406.5418. 2

576. 645.7

34, 79116,680

1,731

LEATHER AND PRODUCTS

HIDES AND SKINSExports:

Value, total 9 thous. $Calf and kip skins thous. skins. .Cattle hides thous hides

Imports:Value total 9 thous $

Sheep and lamb skins thous. pieces..Goat and kid skins _ do

Prices, wholesale, f.o.b. shipping point:Calfskins, packer, heavy, 9^/15 Ib $ per lb..

LEATHERProduction:

Calf and whole kip thous skinsCattle hide and side kip .. .-thous. hides and kips..Goat and kid thous skinsSheep and lamb do

Exports:Glove and garment leather thous. sq. ftUpper and lining leather - do. .

Prices, wholesale, f.o.b. tannery:Sole, bends, light index, 1957-59 = 100Upper, chrome calf, B and C grades

index, 1957-59 = 100.-r Revised. p Preliminary. >' Data withheld

individual firms.1 Average for 11 months. - Crop estimate for the

106, 2532, 458

13,311

80, 26331,85014,411

. 541

. 143

6, 26323, 43614. 55730, 316

| 369,953

101.9

99.5

to avoid

year.

155, 6232, 582

14,307

88, 99536, 99810, 331

.601

.177

4,72023, 83813, 35029, 302

65, 704

U14.5

105. 5

disclosur

13, 782295

1,236

6, 7872,841

794

.700

.194

4451,9271,2552, 654

6.346

104.0

e o f o]

15,623330

1,320

11,0525,5481,142

.775

.174

4642,1491,4282,887

7,164

124. 0

104.4

Derations

11,797183927

9,5004,541

856

.675

.184

3302,0441,2572,625

5, 741

118.7

107.6

of

14, 386157

1,278

8, 7243,741

883

.675

.209

3752,0261,2732,720

5, 875

122. 2

108.8

3 EflJRe

9Inc

16,512199

1,351

8, 6023,709

765

.650

.209

4652,0491,3492,649

5,659

119.4

109.2

ective Javisions foludes da

12, 075196971

7,1772,870

861

.525

.209

2831,652

9131,977

4,564

119.4

107. 2

n. 1965, (r 2d qtr.;a for ite

12, 306221

1,097

9, 0333, 5081,484

.565

.179

4432, 059

8082, 624

4,945

118.0

107.6

lat a are f19(i3-4thns not si

12, 662259

1,176

8, 4563,810

681

.525

.169

3261,972

9332. 217

4, 652

114.5

107.2

or all lealqtr. 1964lown sep

10, 412145

1,108

5, 0281,840

767

.475

.144

3502,043

9022, 089

4,527

106.7

108.0

her, exec(mil. Ib.)arately.

15,636174

1,698

4,7941,703

604

.475

.149

3972,016

9482,350

4,461

105.3

96.3

pt sole a: 4,692; 4

10,787180

1,210

4,6471,656

364

.550

.129

3411,925

9131,960

4,796

103. 2

103.2

nd rough,791; 5,28

12,684175

2,818

1,859865

p. 500p. 134

2991,906

9192, 012

5,511

103.2

103.2

; see note7;5,355M

15, 486230

5,387

2, 510793

4,869

"O"forp. S-21.1,964; 5,071; 5,666.




1965 1966

Annual

1966


1967

Jan. Feb. Mar.

LEATHER AND PRODUCTS—Continued

LEATHER MANUFACTURES

Shoes and slippers: JProduction total thous pairs

Shoes, sandals, and play shoes, except athleticthous pairs

Slippers doAthletic doOther footwear do

Exports _ do

Prices, wholesale, f.o.b. factory:Men's and boys' oxfords, dress, elk or side

upper, Goodyear welt index, 1957-59—100Women's oxfords, elk side upper, Goodyear

welt index, 1957-59-100Women's pumps, low-medium quality do

r629 095r531 914r 87, 359' 6, 828r 2 994

i 2 533

111 0

107 3113 0

646 327

535 936100 955

6,5982 838

2,737

120.9

111 0121.2

53 015

45 9436 318

589165

167

116 5

109 7119.3

61 821

51 9789 007

606230

274

116.5

109 7119.3

53 145

43 7068 606

605228

260

119.2

111 4121.2

54 319

44 4739 057

576213

283

122 3

111 4121 3

54 685

44 8419 022

561261

272

122.3

111.4121.2

45, 569

38 3456,686

323215

210

122 3

111 4122 0

61 358

50 28910 261

576232

200

122.3

111.4122 A

55, 201

44 36710, 074

528232

227

122 3

111 4122 5

54, 898

43 25110 786

530331

246

123.5

111.4122 3

50, 802

40, 2209,494

548273

230

123.5

111 4122.7

48 441

41 4586 178

555250

182

123 5

111 4122 4

157

123.5

111 4122.9

174

LUMBER AND PRODUCTS

LUMBER— ALL TYPES

National Forest Products Association:^Production total mil bd ft

Hardwoods doSoftwoods do

Shipments, total doHardwoods doSoftwoods do

Stocks (gross), mill, end of period, total doHardwoods doSoftwoods do

Exports, total sawmill products do __Imports, total sawmill products _ _ do

SOFTWOODSDouglas fir:

Orders new mil bd ftOrders unfilled, end of period do

Production doShipments doStocks (gross), mill, end of period do

Exports, total sawmill products doSawed timber doBoards, planks, scantlings, etc do

Prices, wholesale:Dimension, construction, dried, 2" x 4", R. L.

$perM bd. f t -_Flooring, C and better, F. G., 1" x 4", R. L.

$perM bd. ft..

Southern pine:Orders, new . mil. bd. ft..Orders, unfilled, end of period do

Production doShipments doStocks (gross), mill and concentration yards, end

of period mil bd ftExports, total sawmill products M bd. ft-.Prices, wholesale, (indexes):

Boards, No. 2 and better, 1" x 6", R. L.1957-59=100.-

Flooring, B and better, F. G., I" x 4", S. L.1957-59=100..

Western pine:Orders new mil bd ftOrders, unfilled, end of period do

Production doShipments doStocks (gross) , mill, end of period doPrice, wholesale, Ponderosa, boards, No. 3, 1" x

12" R L (6' and over) $ per M bd ft

HARDWOOD FLOORING

Maple, beech, and birch:Orders, new mil. bd. f t - _Orders, unfilled, end of period doProduction doShipments doStocks (gross), mill, end of period do

Oak:Orders, new doOrders, unfilled, end of period doProduction doShipments doStocks (gross) mill end of period do

36, 8957,655

29, 240

37, 7498 226

29, 253

5,7041,1564,548

19625 163

9,271621

9,2349,2571,054

1445nil1334

82.16

156. 85

6,934366

6,5746,849

1,0871 100, 581

94.3

97.1

10, 400535

10, 25110, 3281,732

67.42

31.211.129.030.23.1

818.464. 3

778.7783. 335.4

36, 1287,489

28,639

36, 4827,923

28, 559

5, 7751,1274,648

1,0095,120

8,249486

8,4288,6181, 026

401110290

85.62

165.87

6,430274

6, 6656,522

1,23099, 202

105.1

106.2

10, 400427

10, 44210, 5081,666

69.39

31.216.325.126.71.8

618.126.0

685.6654.458.3

2,879557

2,322

3,012682

2,330

5,5241,0614,463

77415

691728

751701

1,113

271115

83.69

158. 64

514420

513512

1,0807,885

101.2

102.5

845596

784876

1,579

65.83

2.613.12.11.73.4

60.785.357.056. 034.4

3,410652

2,758

3,472685

2,787

5, 4921,0614,431

74514

1,038923

843843

1,113

329

23

88.16

161.61

761503

625678

1,02711,244

102.2

102.7

1,096730

982962

1,599

68.19

3.214.12.32.43.5

77.291.665.566.131.7

3,211660

2,551

3,462689

2,773

5,3231,0554,268

99462

817906

782835

1,084

461135

92.64

166. 84

578469

568612

9836,927

106.0

107.9

973682

9101,0211,488

71.46

3.915.81.92.33.0

59.089.360.663.530.5

3,242625

2,617

3,395684

2,711

5,1501,0004,150

98518

606652

794860

1,027

491237

93.04

166. 84

533415

578587

97410, 078

107.5

107.9

820535

960968

1,480

82.40

2.316.02.02.42. 8

51.078.762.160.730.7

3,265664

2,601

3,159670

2,489

5,2631,0144,249

98550

688614

750726

1,052

399

29

88.25

167. 43

585400

622600

9968,991

107.3

107.4

867506

942896

1,526

79.06

2.816.42.22.42.5

50.262.066.065.929.0

2,858631

2,227

2,910620

2,290

5,1721,0434,129

82469

566537

633643985

339

24

85.25

167. 43

492378

520514

1,0026,903

107.1

106.9

906506

852906

1,472

70.69

3.017.31.82.32.1

40.652.154.950.433.5

3,241678

2,563

3, 171665

2,506

5,2281,0694,159

88507

612419

716729972

326

26

86.01

167.43

534350

582562

1,0228,897

107.8

108.1

920461

977964

1,485

68.74

2.517.62.32.51.8

46.340.765.658.739.9

3,132665

2,467

2,880660

2,220

5,4921,1024,390

86378

625424

680620

1,032

308

22

84.60

168.04

491313

567528

1,0617,364

107.8

108.6

807415

969854

1,600

67.69

2.117.32.01.92.0

40.631.456.151.644.4

2,942642

2,300

2, 792647

2,145

5,7201,1184,602

93339

581394

627611

1,117

361026

82.56

169. 20

470294

545489

1,1177,264

107.6

107.9

800384

884831

1,653

66.28

1.316.22.22.51.7

35.926.450.640.952.6

2,678611

2,067

2,638642

1,996

5,7871,1324,655

75318

621422

580593

1,103

261016

79.69

169. 69

469277

528486

1,1595,688

104.2

107.7

751402

747733

1,667

64.87

2.616.72. 2io1.7

38.525.444.340.355.6

2,506524

1,982

2 578587

1,991

5, 7751,1274,648

70307

681486

540617

1,026

224

17

79.96

169. 69

434274

508437

1,2307,855

102.4

107.2

781427

754755

1,666

64.01

1.816.32.12.01.8

40.226.041.638.458.3

2,356554

1,982

2,577650

1,927

5,8101,1064,704

76300

678568

613596

1,057

341024

P80.96

P169. 20

487288

514473

1,2716,566

100.9

106.1

732476

652683

1.635

1.716.21.91.91.9

45.926.744.045.257.1

2,671560

2,111

2,736615

2,121

5,8801,1254,755

67339

603602

612568

1,101

278

19

524310

510502

1,2797,042

865501

770841

1,564

2.216.71.81.82.0

48.331.742.443.056.4

r Revised. » Preliminary.i See note "O" for p. S-21.t Revisions for 1964-65 are shown in Bu. of the Census report M31A(65)-13.cf Formerly National Lumber Manufacturers Association.

FOOTNOTE FOR RAW STEEL, P. S-32.

AEffective Jan. 1967, the term raw steel has been substituted for ingots and steel for castings;raw steel is defined as steel in the first solid state after melting, suitable for further processingor sale, including ingots, steel castings, and continuous- or pressure-cast blooms, billets,slabs, or other product forms. Current data for raw steel are comparable with the ingotsseries.




1965 1966

Annual

1966


1967

Jan. Feb. Mar.

METALS AND MANUFACTURES

IRON AND STEELExports:

Steel mill products thous. sh tonsScrap doPig iron. do

Imports:Steel mill products . doScrap doPig iron - do

Iron and Steel Scrap

Scrap for consumption, total thous sh tonsHome scrap produced doPurchased scrap received (net) do

Consumption, total doStocks, consumers' , end of period doPrices, steel scrap, No. 1 heavy melting:

Composite (5 markets) $ per Ig. ton_Pittsburgh district do

Ore

Iron ore (operations in all U.S. districts):Mine production thous. Ig. tonsShipments from mines doImports do

U.S. and foreign ores and ore agglomerates:Receipts at iron and steel plants doConsumption at iron and steel plants do ....Exports doStocks total end of period do

At mines doAt furnace yards doAt U.S. docks do----

Manganese (mn. content), general imports do

Pig Iron and Iron ProductsPig iron:

Production (excluding production of ferroalloys)thous. sh. tons__

Consumption doStocks (consumers' and suppliers'), end of period

thous. sh. tons..Prices:

Composite $ per Ig. ton_Basic (furnace) doFoundry No 2 Northern do

Castings, gray iron:Orders, unfilled, for sale, end of period

thous. sh. tons..Shipments total do

For sale doCastings, malleable iron:

Orders, unfilled, for sale, end of periodthous. sh.tons__

Shipments, total doFor sale do

Steel, Raw, Semifinished, and Finished

Steel (raw) : AProduction thous. sh. tons__

Index daily average 1957 59 — 100Steel castings:

Orders, unfilled, for sale, end of periodthous. sh. tons,.

Shipments total doFor sale total do

Steel forgings (for sale) :Orders unfilled end of period doShipments total do

Closed die (drop, upset, press) do

Steel products, net shipments:Total (all grades) do__.

Semifinished products doStructural shapes (heavy), steel piling doPlates doRails and accessories do

Bars and tool steel total doBars: Hot rolled (incl. light shapes) d o _ _ _

Reinforcing doCold finished do

Pipe and tubing do__Wireandwireproducts_ _. _ doTin mill products doSheets and strip (incl. electrical), total . . _ d o _ - _

Sheets' Hot rolled doCold rolled do

Steel mill products, inventories, end oif period:Consumers' (manufacturers only) -.mil. sh. tons

Receipts during period do...Consumption during period .- do

Service centers (warehouses) doProducing mills:

In process (ingots, semifinished, etc.) doFinished (sheets, plates, bars, pipe, etc.)_do

i 2, 496i 6, 170

128

10, 383235916

90 53455, 21335 32090 3597,638

33. 3635. 00

87, 42085, 80145, 105

121, 964125, 143i 7, 08508.78112, 29053, 9972, 494

1,272

88, 17388, 945

2,329

62. 7563. 0063. 50

88215, 713

9,171

1741,136

648

3131, 462135.3

4361,9611,570

5892 0451,592

92, 6664,5286,7989,7641,523

14. 4889.3443,1501,8778.6893,4846,659

36, 73310, 63016, 571

12.968.767.04.5

! 8.57.9

HQ17

1,7245,857

12

10, 753464

1,252

29.9531.00

90, 70490, 58346, 259

128, 225127, 694

7,77970, 03812, 67354, 6582,707

1, 293

91, 509

62.7563.0063.50

96215, 7168,928

1821,133

688

134, 072138.0

5902,1551,792

89, 9953,8066,7649,1031,776

14, 5239,1263,2761,9999,2333,4955,828

35, 46810, 13715, 972

10.165.067.95.0

9.89.2

nsn

158419

(2)

5381562

7,2474,2672,9807,2727,305

32.8936.00

4,4971,7511,489

3,2329,499

39661, 50617, 86641, 3352, 305

92

6, 8346,956

2,160

62.7563.0063.50

9771,229

671

1749755

10, 249137.5

452168137

6,734301490684140

1,041681208143712239390

2, 737790

1, 263

11.34.95.64.7

9.58.1

n«ô

159342

2

7769132

8,5424,9593,5838,4857,357

33.3236.50

5,0382,0572,219

3,97611,127

40856, 88120, 84734, 1441,890

76

7,9378,052

2,091

62.7563.0063.50

9751,469

825

187112

67

12, 083146.5

525209173

8,282349609838165

1,284818281173887318527

3,305948

1,513

10.95.96.34.7

9.28.3

n«^Q

143440

1

71514688

8,0524,7603, 2927,9457,471

30.0233.50

6, 8926, 9583,432

8,84110, 897

59354, 61320, 78132, 088

1,744

83

7,8537,849

2, 135

62. 7563.0063. 50

1,0041,378

801

1949757

11, 569144.9

582184152

8,174324600819155

1,279797297175874327535

3,260919

1,494

10.85.96.04.7

9.08.2

n»3Q

126429

2

91917

137

8,2144,9103,3048,2317,491

28. 7132. 75

9,99211,655

3, 502

15, 42111,6581, 048

56. 67319,11835, 852

1,703

109

8,2418,299

2,179

62.7563.0063.50

9531,390

793

1879759

12,191147.8

629190158

8,221334596822152

1,321830301179886344559

3,207894

1,455

10.95.95.85.0

9.08.1

0843

142607

(2)

1,01419

104

7,7834,7343,0497,7977,483

28.4030. 50

10, 78411,953

5,154

15,37010,941

82960, 01817,94940, 2781,791

132

7,8377,842

2,277

62.7563.0063.50

1,0001,405

819

1869962

11,403142.8

620201168

8,033318582815158

1,324820313180900334582

3, 021842

1,307

10.65.65.95.0

9.5S.I

n«49

116532(2)

1,08224

174

7, 0224, 3802,6416,7957,709

29.5431.00

10,34812, 3644,004

14, 62810, 758

81362, 35715,93344, 148

2,276

128

7,6597, 596

2, 464

62. 7563.0063.50

1,0361,119

669

1967346

10,791130. 8

644138114

7,179278548758149

1,162719292143859279534

2,613756

1,114

10.94.74.44.9

9.88.0

0843

126454

(-)

1,0902395

7,7634,7143,0497,4987, 982

29.5429. 50

10,12511,3225, 677

15,47010, 562

77866, 00914, 73649, 056

2, 217

142

7,6457,734

2,452

62. 7563.0063.50

1, 0221, 327

784

1988853

11,097134.5

655174147

7, 788312582797142

1,264772304177864317558

2, 952833

1,289

11.25.75.45.1

9.68.3

0847

106667

2

1,08923

208

7,6954,7872,9087,6778,005

28. 8428.00

9, 82611,1445,383

15, 42410, 941

92269, 45213, 43153, 5392,482

97

7,7327,798

2,516

62.7563.0063.50

1,0341,344'768

2099560

11,280141.3

633182154

7,718314570781148

1,268797289173776305510

3,046904

1,338

11.05.75.95.1

9.78.4

0848

139647

1

94036

104

7,8384,7523,0867,8098,035

29. 1827.00

8,2299,8835,532

14,61311,184

84871, 75512, 02657, 010

2,719

138

8,0447,943

2,652

62.7563.0063.50

1,0121,346

757

2109658

11,509139.5

626179149

7,495321572752141

1,261798275177665289432

3,064896

1,396

10.65.66.05.0

9.98.6

0848

151501

(2)

1,15128

166

28.6427.00

5,1766,7695,158

11,49010,257

50171, 49410, 43458, 2422, 818

82

7,470

62. 7563.0063.50

9641,268

711

1939259

10,887136.4

619176147

7,239346539708141

1,239780276172640256402

2, 968848

1,356

10. 45.35.55. 0

9.88.8

.0848

184472

3

7702143

27.8827.00

5,0852,8452,811

6,69110, 275

36770, 03812, 67354, 6582,707

97

7,350

62. 7563.0063.50

962' 1, 214

'669

1828956

10, 435126.5

-590179148

6,846364543667144

1,148746235157587241427

2,724781

1, 240

10.15.05.35.0

9.89.2

.0848

205491

(2)

7823144

P27.98P27.50

2,864

3,40010, 203

252

~47,~ 8432, 644

124

7,374

62.75P63.00P 63. 50

9331,216

644

1599154

10,633128.9

547176145

7,292348534701137

1,142741219170801247555

2,827799

1,299

10.15.35.35.5

9.99.1

.0848

!

190544

(2)

7441246

I

2, 049

3,3919,370

366

41, 8642, 554

134

6,804

62.75

.

r 10. 041' 134. 8

6,531360508668144

1,059673215160557249510

2, 476710

1,089

p 10.0P 4.8p 4.9p 5.5

p 10.1p 9.3.0848

r Revised. p Preliminary. 1 See note "O" for p. S-21.2 Less than 500 tons. 3 Revised total; monthly revisions are not available.ASee similar note at bottom of p. S-31.^Beginning Jan. 1964, the composite reflects substantial changes in products and weights

used and is not comparable with earlier periods. The new composite price is based on AISInet shipments of carbon steel and is the average price of all finished carbon steel products(except rails and wire products) weighted by tonnage. Prices used are base prices at Pitts-burgh; the average includes an additional 25% for "extra" charges but does not include freight.




1965 1966

Annual Fob.

1966

Mar. Apr. May June July j Aug. j Sept, ! Oct . j Nov. Dec. Jan.

1967

Feb. Mar.

METALS AND MANUFACTURES—Continued

IRON AND STEEL -Continued

Steel, Manufactured Products

Fabricated structural steel:Orders, new (net) .-thous. sh. tons_.Shiprncnts doBacklog, end of period _ do

Barrels and drums, steel, heavy types (for sale):Orders unfilled end of period ' thousShipments do

Cans (tinplate), shipments (metal consumed),total for sale ind own useO tliou*5 sh tons

NONFERROUS METALS AND PRODUCTS

Aluminum:Production, primary (dom. and foreign ores)

thous. sh. tons_-Rccovcry from scrap (aliiminurn content) doImports (general):

Metal and alloys, crude, _ - _ d oPlates, sheets, etc do

Exports, metal and alloys, crude do

Stocks, primary (at reduction plants), end ofperiod . ._ . . thous. sh. tons__

Price, primary ingot, 99.5% inin $ p e r l b _ _

Aluminum shipments:Ingot and mill products (net) mil. l b _ _

Mill products, total doPlate and sheet (excl. foil) _ do

Castings<[_ .. do

Copper:Production:

Mine, recoverable copper thous. sh. tons . .Refinery, primary . _ _ , . _ _ d o

From domestic ores doFrom foreign ores do

Secondary, recovere d as refined do .Imports (general) :

Refined, unrefined, scrap (copper cont.)._ do. _ .Refined . . . . . . _ . . _ do . _ .

Exports:Refined and scrap do

Refined _ _ _ doConsumption, refined (by mills etc.) do

Stocks, refined, end of period© doFabricators' do

Price, bars, electrolytic (N.Y.)_ .. . _$ per lb.._

Copper-base mill and foundry products, shipments(quarterly total) :

Copper mill (brass mill) products mil IbCopper wire mill products (copper cont.) . _ _doBrass and bronze foundry products do

Lead: AProduction:

Mine, recoverable lead thous. sh. tons..Recovcrcd from scrap (lead cont ) do

Imports (general), ore (lead cont.), metal. ..doConsumption, total , do

Stocks, end of period:Producers', ore, base bullion, and in process

(lead content), ABMS thous. sh. tons..Refiners' (primary), refined and antimonial

(lead content) . . .thous. sh. tons-..Consumers'd" doScrap (lead-base, purchased), all smelters

thous. sh. tons,.Priee, common grade (N.Y.)_ $pcrlb. . .

Tin:Imports (for consumption):

Ore (tin content) Ig tonsBars pigs etc do

Recovery from scrap, total (tin cont.) doAs metal do

Consumption, pig, total .. doPrimary . . . do

Exports, inch reexports (metal) , . -doStocks, pig (industrial), end of period § doPrice, pig, Straits (N.Y.), prompt . .$ p e r i l ) . .

Zinc: AMine production, recoverable zinc

thous. sh. tonsImports (general):

Ores (zinc content) .... .„ doMetal (slab blocks) do

Consumption (recoverable zinc content):Ores do<^prcm n i l tirnoc rln

4, 8684,3213, 151

1, 226°4 13°

4,863

2, 754. 53 7(59 Q

527. 365. 4

1 203. 6

64. 8. 2451

8, 025. 55, 688. 22, 618. 6] , 409.0

1,351.71,711.81 , 335. 7

376. 1429. 4

523. 8137.4

i 422. 1i 325. 0

2, 042. 6

161.3112.9. 3502

2. 974

\, 075

301.1554. 0

344. 41,241.5

1 06. 8

95 9103! 2

48.1. 1600

4,32640,814

r 325, 076r 3 3, 401

84,01158, 550

i 3, 06427, 6561.7817

611.2

429.4153.0

3 122. 93 ORK' i

5,0594,6643, 141

35,145

2, 967. 9

521.8119.1188.2

74.8. 2450

^8,669.0'6,467.7'2,942.7'1,639.6

1,421.21,711.01,353.1

357. 9472. 0

596. 7162. 7

334. 7273.1

2, 370. 5

r 240. 3' 174. 6

. 3617

3, 3262, 4941,102

319.3550.4

431.31, 300. 2

142. 2

23.486.5

49.8.1512

i 4, 37241,62425, 3183,315

85, 27560, 280

3, 06922, 5201 . 6402

571. 1

521.3277. 4

118.799Q 9

456345

3,273

2 017

340

223.558.0

51. 98.3

12.8

71.8. 2450

715.4512. 1236. 5140.4

107.1127. 2101.725.629. 6

41. 19.8

27.418.4

197.4

204.8132.8. 3604

24. 044.7

30.099. 3

109. 1

25. 899.3

52.3.1600

3174,0701 , 995

2706, 4704,555

11627, 2451.7810

48.7

32. 918.9

9.618 <i

538440

3,347

9 455

427

249.072.0

57. 712.117.4

64. 8. 2450

802.8592. 5267. 8149. 5

123. 5148.6120.4

28.242.3

45 213.1

45.738.0

219.5

205.7132. 5. 3612

862625280

29. 950.8

39.9112.5

114.6

23.2105.9

47.1. 1600

02,0012,335

3007,7755, 480

29027, 1301.7398

53. 8

39. 521.6

10.4I Q n

504407

3,382

9 592

420

240. 770.0

54.59.9

10.7

60.3. 2450

730.1552. 5253. 7135. 6

120.7137.9111.826.143. 5

43.010.0

35.330.9

202. 7

183.8124.3. 3615

26. 243.6

27. 5104. 6

113. 1

21.298.8

48.1. 1600

294,3632, 058

2057,2455, 170

78226, 3151.7424

49.9

35.314.0

10.5IS 7

474386

3,609

444

252.369.0

52.510.713.0

67. 7. 2450

761.9585. 5274. 8131.0

126. 4144.8117.127. 747.4

50.113.0

31.527.5

188.3

181.8124.5. 3603

26. 746.6

25.3111.6

111.1

23.999.0

46.3. 1514

1,2244,0160 270

3357,5005,205

40824, 3851.6928

51.5

32.826. 3

9.718 9

366422

3,365

478

245. 066.0

51.712.715.7

63.1.2450

774. 5r94. 1

133. 1

121. 6152. 9118.234.843.7

33.07.3

23.721. 2

211. 0

212.6153.8. 3593

86665099(5

25. 845.8

42.4108.2

114.6

25.898.8

42.1. 1500

1002,5422, 440

2807, 4755, 150

14524, 9701.6077

47.9

43.128. 3

9.91Q 4

427349

3,466

483

252.861. 0

37.211.713.2

70. 0. 2450

649. 1520 1241. 1102 8

107.1136.0106.629.441.6

54.19.8

39.434.0

133.4

250.3193.6.3602

24.838.4

32. 392. 4

119.2

25. 6107.3

42. 5.1500

~~2~837~1,780

2706, 3204, 680

19723, 3801. 5987

45. 7

26. 521. 6

9. 718 9

431413

3,435

566

239. 869.0

40.512.013.1

61 9.2450

762. 0570. 1259. 4140. 2

114.9135. 0107. 927. 140.8

41.67.4

33.526. 3

205. 2

254. 8204. 2. 3596

27.844.5

40. 3111.8

133 9

23.0104.8

45.3. 1500

5664, 2062, 145

2757, 4255, 260

8023, 5801.5642

49.7

70. 923.8

9.318 6

301393

3,282

518

245. 971.0

39.69.5

16.4

62. 2.2450

743.1549.8248. 8146. 0

116.6151.0116.934.237.6

54.69.2

21.617.5

211.6

254.5195. 2. 3609

789573258

27.147.9

44.3109.6

145. 1

22. 098.8

44.7. 1500

1,0003,8162,180

2757, 1905, 150

29024, 2501.5412

45.3

62.125.7

10.11 9. 6

390414

3,219

405

258. 476.0

36. 68.1

18.7

65.8.2450

706.2523. 4231.7147.3

124.4139. 6106.333.334.9

55. 518.5

21.918.3

212. 3

180'. 0. 3633

27.947.4

3S. 9110.7

144. 0

21.891. 9

47.4.1424

3362, 8892,115

2756, 9704, 970

9324, 0751. 5451

44.1

39.227. 4

9.419. 7

404382

3, 234

359

251.072.0

33.610.016.5

66.8. 2450

685.5495. 2216. 7142. 1

120. 2149. 2117.631.637.2

75.228.0

14.010.3

210. 2

214. 2155. 1. 3699

26.849.5

33.3117.0

140. 3

25 388. 5

46. 8. 1400

3123, 9672, 040

2556, 8404, 71 5

11623, 1051. 5422

42. 9

48.0

10.319 3

345374

3,141

404

262. 1

40.76.8

21.8

74.8. 2450

' 700. 4r 482. 8' 218. 1

134.4

120.4161.1129. 032.135.7

57.523.6

14.910.3

189. 3

240.3174. 6. 3624

809646'>68

26. 844.2

47.0113.1

142.2l)3 486 5

49.8.1400

2083,4181, 910

2756, 5954,535

24922, 5201.5399

42. 5

56. 021.3

9.419.6

307341

3,251

332

205. 2

36.6

2()! 5

76.6. 2474

709. 5493.4

141 .'5

T 122. 4148. 9122.326. 640. 9

' 43.120. 3

21.715.7

'p 204. 5

'P233.9*p 169.4

.3787

25. 4

45.3

157. 9

. 1400

173,662

7, 0005, 040

73722, 4001.5388

41.9

47.9

325331

3,078

32.76.5

24. 9

.2500

117.7138. (i111.527.128. 0

58. 419.3

22. 116.0

p 197. 8

P 227. 1P 160. 6

.3810

42. 2

154.8

. 1400

3932, 883

422

l.~5438~

51.211.1

•"""""

. 2500

. 3808

. 1400

1.5371

'Revised. ^Preliminary. ' See note "Q" for p. S-'Jl. -'Total for 11 months.3 Revised total; monthly revisions are not available.OPata reflect changes in conversion factor effective Sept. 1966 and Jan. 1967 and are not

strictly comparable with those for earlier periods. Êffective 1966, estimates are derivedfrom a new sample and arc not directly comparable with earlier data; see note in Feb. 1967

SURVEY. ©Beginning 1966, total includes copper not previously covered; see note inFeb. 1967 SURVEY. ^Consumers' and secondary smelters' stocks of lead in refinery shapesand in copper-base scrap. §Stocks reflect surplus tin made available to industry by GSA.ABeginning Aug. 1964, data reflect sales to the industry of metal released from the C.overn-mcnt stockpile.


S-34 SURVEY


1965 | 1966

Annual

OF CURRENT BUSINESS April 1967

1966

Feb. Mar. j Apr. May J June

METALS AND MANUFACTURES-

July Aug. Sept.I

Oct. 1 Nov. Dec.

1967

.Tun. Feb. Mar.

—Continued

NONFERROUS METALS AND PROD.- Con.

Zinc — ContinuedSlab zinc:A

Production (primary smelter), from domesticand foreign ores thous. sh. tons__

Secondary (redistilled) production doConsumption, fabricators' doExports doStocks, end of period:

Producers', at smelter (AZI)cf1 _ . doConsumers' do

Price, prime Western (East St. Louis) . $ per lb._

HEATING EQUIPMENT, EXC. ELECTRIC

Radiators and con vectors, shipments:Cast-iron mil sq ft radiationNonferrous do

Oil burners:Shipments thousStocks end of period do

Ranges, gas, domestic cooking (incl. free-standing,set-in, high-oven ranges, and built-in ovenbroilers) shipments thous

Top burner sections (4-burner equiv), ship. ..do

Stoves, domestic heating, shipments, total §-.doGas do

Warm-air furnaces (forced-air and gravity air-flow),shipments total § thous

Gas doWater heaters, gas, shipments . do

MACHINERY AND APPARATUS

Fans, blowers, and unit heaters, qtrly.:Fans and blowers new orders mil *+>T^nit-heater group new orders do

Foundry equipment (new), new orders, netmo. avg. shipments 1957-59 = 100__

Furnaces (industrial) and ovens, etc., new orders(domestic), net mil $

Electric processing doFuel-fired (exc. for hot rolling steel) do

Material handling equipment (industrial) :Orders (new), index, seas, adj 0 1957-59 = 100

Industrial trucks (electric), shipments:Hand (motorized) numberRider-type _ do

Industrial trucks and tractors (internal combustionengines), shipments number

Machine tools:Metal cutting tools:

Orders, new (net), total - - . . _ . . ..mil. $._Domestic do

Shipments, total _ _ _ doDomestic do

Estimated backlog, end of period months . .

Metal forming tools:Orders, new (net), total mil $

Domestic . . . . . . . doShipments total do

Domestic doEstimated backlog, end of period months

Other machinery and equip., qtrly. shipments:Construction machinery (selected types), total 9

mil. $.._Tractors, tracklaying, total doTractors wheel (con off-highway) doTractor shovel loaders (integral units only),

wheel and tracklaying types mil $Tractors, wheel (excl. garden and contractors'

off-highway types) mil $Farm machines and equipment (selected types),

excl. tractors.. __ .. mil. $ELECTRICAL EQUIPMENT

Batteries (auto, replacement), shipmentsV-tlious..Household electrical appliances:

Ranges, shipments (distributors'), doines-ticf. thous

Refrigerators and home freezers, output1957-59 = 100..

Vacuuni cleaners, sales billed . . thous _ .Washers, sales (dom. and export) doDriers (gas and electric), sales (domestic and

export) thous

Radio sets, productionO d o - _ .Television sets (incl. combination), prod.O - -doElectron tubes and semiconductors (excl. receiving,

power, and spec, purpose tubes), sales mil. $ _ _Motors and generators:

New orders, index, qtrly . .1947-49 = 100.. jNew orders (gross) : j

Polyphase induction motors 1 ^00 hp mil $D.C. motors niirl venerators. 1-200 hn do

1 994. 41 83. 6

U,354.15.9

30.1145.4. 1450

1 11.6115.3

' 564. 4

1 2, 1 15. 9304. 8

1 1,415.2994. 0

1, 566. 61 1,228. 72, 616. 4

208. 666. 9

1 52. 821.6

186.3

8,2029, 994

41,746

1,176.001,054.40

958. 60830 55

7.6

319.30297. 75287. 85259. 80

9.9

"1,722.4428. 3149. 4

1 399. 1

X3() o

1 053 6

30, 528

o Q>> Q

147.8i 5, 106. 9'4 ,347. 1

i 2, 098. 4

21,118 i11,028 \

757. 0

215

210. 144 6

1,038.172.4

1, 408. 31.4

64. 0123.2. 1450

7.57 90. 4

'617.2'40.4

•) 153 7234. 1

' 1,388.0' 976. 3

' 1,366.21, 046. 52, 488. 9

232. 467.9

279. 9

179.323. 995. 9

207.2

10,39012 404

47, 043

1, 531. 301,392.901,145.351,028.95

10.9

321. 60291. 34331. 30312. 70

8.4

1,913.5488.9162.3

419.0

1,220.0

32, 124

1,966.5

163. 05, 582. 74, 406. 3

2, 360. 8

23, 59512, 402

1871.7

2395 113.3

51.3

79.95.7

116.1.1

29.7156.0.1450

. 77.1

42.136.7

180.719.6

72.541.6

96.577.5

207.4

198.2

13.71.86.1

' 208. 6

749776

3,619

135. 45121. 1083.0073. 55

8.7

30.5029. 4028.7026. 15

10.2

2,918

165. 5

176. 2517.0364.7

193. 2

1,862924

68.9 :

5 10. 15.1 i

85.46.2

127.0.1

28.8166.7.1450

.67.7

46.642.3

23.6

73. 142. 2

103. 783.5

236. 6

54. 816.5

274. 0

16. 11.79.9

' 199. 9

9201,087

4,159

155. 85137.45105. 0594. 25

9.1

31.2528.6530.4528. 75

10.0

473. 5122.339.2

110.6

269. 1

358. 2

2, 042

178.3

151.6549. 6397. 7

180. 2

3 2 2603 1,239

81. 1

247

Ml. 25. 6

87.05.7

119.1.1

33.2159.7.1450

.68.1

39.938.7

187.523.3

70.247.2

88.170.2

218.6

244. 6

25. 63.4

16. 4

' 196. 8

907932

3,980

134. 50118. 4086.0078.35

9.5

22.8021.8026.7025.30

9.6

1 , 1 / 2

191.5

192. 6429. 0351.6

128. 0

1,824907

74.6

59.15.1

88.86.0

123.5

39.9154.9.1450

.48.1

44. 554.2

177.422.1

95.170.9

98.379. 0

194. 1

OT? (}

11.72.05.4

' 198. 3

8571,028

4, 015

127.65119.5590. 2079. 25

9.7

31.1527. 5527. 4025. 85

9.5

1,972

163. 1

176. 2397.6349. 6

108. 6

1,801874

74.3

59.83.8

86. 45.9

118.6.1

42.1147. 3.1450

.58.6

52. 658.7

208. 325. 2

92. 869.8

105. 684.1

207. 6

63 416.5

340.6

15.2

' 198. 5

9031,081

4, 305

135. 20123.15112.00102. 35

9.8

39.1533.0030.6029.35

9.5

564 7139.450 9

123 0

280. 0

340.3

2,106

162.4

181.0402.8413.9

144.8

s 2,0753 1,125

77.8

255

5 10.13.9

83.35.9

97.8.1

48.9153.9.1450

.56.8

38.758. 5

131.413.7

128.199.4

104.282.2

210.9

319.5

15.83.57.6

' 204. 8

660913

3,359

120. 75109. 1079. 3072. 70

10. 2

27. 9526. 6024. 0023. 30

9.8

2, 094

169.3

156. 5414. 6384.7

161. 9

1,234586

57.8 i

5 8. 24.5 !

82.65.9

124.0

46.3145. 0.1450.

io'.666.254. 8

173. 219.5

169.7.121.7

146.1112.3208. 4

243. 9

15.51.69. 3

' 216. 4

719797

3.59JI

113.05107. 1080.9574. 4010.3

24. 6522. 7026. 7024.40

9.7

2, ^80

173.5

1 IS. 4417. 2446. 5

262. 0

1,642920

5 9. 23.3

83.55.8

117.7. 1

43.3139. 4. 1450

.98.6

62.8| 53.5

i 181.6! 20. 9i! 209. 3| 150.5

1 159.9! 115.2i 202. 6

60.0j 17 7

326. 9

12.21.38.1

' 215. 7

1,0321,127

4,161

137.70126.50104.0593.65

10.8

19. 9017.9529. 6027. 60

9.4

' 458. 9112.8

' 9°. 6

203. 3

253. 4

3, 136

158.0

174.0545. 3422. 7

292. 0

32,52131,289

80. 0

236

5 9.83.8

87.6

12">' 1.3

47.5132.6.1450

.98.7

70.446.4

177.716.0

204.4139. 2

160.5119.0222.5

379. 8

17.61.57. 1

' 218. 9

8611,149

3, 829

128. 10121.10101.8091.65

11.0

23. 7520.9027. 0525. 60

9.0

3,042

153.3

196. 5506. 9407. 6

297. 9

2, 0911,124

J 10. 54.5

91.16.8

119.8.1

52.9' 126. 9

. 1450

.67.3

61.443.8

181. 916. 4

148.8104.1

115.280. 0

178.5

219.5

9.01.94.1

' 204 2

1,0311,147

4, 285

103.5093. 2096. 6085. 20

11.1

24. 30

28. 0026. 45

8.6

3,596

147.1

143.9509. 5304.6

201.6

2, 0751,165

'69.2

j 8. 34.9

93.45.7

110.1

"64.0

123.2.1450

• 4

'46.9'40.4

164. 315.6

'75.1'51.6

'86.464.5

176.4

54 217 °

317.1

10.71.32.9

212. 8

1,0291,402

4,202

113. 10100. 80127. 05113.40

10.9

16. 4513. 9028.7527. 70

8.4

416.3114.530.5

92. 8

253. 5

268. 1

3,312

131.7

119.0458. 8245. 3

201.9

32,33831,333

69. 8

5 7. 72.8

95.15.7

.1

78.1

.1450

6.5

46.544.2

138.712.3

56.433.5

86.765.6

83.8

.1450

.

216. 6

8.9. 8

4. 1

21°. 4

826886

3,465

' 88. 50'81.10' 86. 45' 77. 80' 10.5

' 13. 80' 13. 70' 25. 75' 24. 10

' 7.8

195.8

18.21.25.0

903976

3,417

95.7583.1594.3085.05

10.5

16. 8515.1528. 4525^25

7. 5

87.9

.1450

' 2, 313

150. 7

116.4454. 9317.0

' 220. 4

M,717853

63.7

^9 .1'4 .5

2, 231

140.0

124.4444.33°5 4

202. 2

p 1,506'1,049

58 .05.0

* 3 1,778p a 1,170

'Revised. 1 Revised total; monthly revisions are not available. 2 For month shown.1 Data cover 5 weeks; other months. 4 weeks. 4 Less than 50 tons. 5 Excludes or-

ders for motors 1-20 hp.; domestic sales of this class in 1966, $127.6 mil.; Feb. 1967, $10.3 mil.6 Reported yearend stocks. See BUSINESS STATISTICS note. 7 Total for 11 months.ASee similar note, p. S-33. d"Producers' stocks elsewhere, end of Mar. 1967, 20,200 tons.§For revised 1965 annual data and for monthly shipments beginning Jan. 1966, certain types

previously classified as heating stoves are included in warm air furnaces. ©EffectiveApr. 1967 SURVEY, data revised back to 1961 to incorporate new seasonal factors.

tRevised series. Data include factory distributing branches and direct factory shipmentsto retailers and other domestic customers; comparable Jan.-June 1965 sales appear in footnotein Sept. 1966 SURVEY. 9Includes data not shown.

ISee note marked "V' bottom of p. S-35. OSee note marked "O" bottom of p. S-35.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

April 11)67 SURVEY OF CURRENT BUSINESS S-35


1965 1966

Annual

1966


1967

Jan. Feb. Mar.

PETROLEUM, COAL, AND PRODUCTS

COALAnthracite:

Production thous. sh. tons..Exports doPrice, wholesale, chestnut, f.o.b. car at mine

$ per sh. t o n _ _Bituminous:

Production thous. sh. tons

Industrial consumption and retail deliveries,total? thous. sh. tons__

Electric power utilities _ _ . . doMfg. and mining industries, total do

Coke plants (oven and beehive) do

Retail deliveries to other consumers. __ d o .

Stocks, industrial and retail dealers', end of period,total - _ thous. sh. tons

Electric power utilities _. _ _ _ . do ..Mfg . and mining industries, total do

Oven-coke plants do

Retail dealers do

Exports doPrices, wholesale:

Screenings, indust. use, f.o.b. mine$ per sh. t on__

Domestic, large sizes, f.o.b. mine do

COKEProduction:

Beehive thous. sh. tons..Oven (byproduct) doPetroleum coke§ - _ _ _ _ _ do

Stocks, end of period:Oven-coke plants, total do

At furnace plants doAt merchant plants do

Petroleum coke ._ . _ _ doExports . . . . . _ _ _ _ _ _ do__

PETROLEUM AND PRODUCTS

Crude petroleum:Oil wells completed numberPrice at wells (Okla. -Kansas) $ per bbl_.Runs to stills! mil bblRefinery operating ratio % of capacity

All oils, supply, demand, and stocks: JXew supply, total _ _ _ mil. bbl

Production:Crude petroleum doNatural-gas liquids, benzol, etc do

Imports:Crude petroleum doRefined products do

Change in stocks, all oils (decrease, — ) do

Demand, total doExports:

Crude petroleum doRefined products _ _ do

Domestic demand, total 9 doGasoline __ _ . doKerosene do

Distillate fuel oil doResidual fuel oil do_Jet fuel do

Lubricants.. __ doAsphalt _ doLiquefied gases do

Stocks, end of period, total doCrude petroleum doNatural-gas liquids doRefined products do

Refined petroleum products: JGasoline (incl. aviation):

Production _ doExports doStocks, end of period do

Prices (excl. aviation):Wholesale, ref. (Okla., group 3) $ per gal..Retail (regular grade, excl. taxes), 55 cities

14, 8661851

12.979

512, 088

459, 164242, 729196, 73294, 779

19, 048

77, 39353, 43723, 60310, 506

353

i 50, 181

4.7946. 926

1,65765,19817,208

2, 7012, 445'256

1,478i 834

18,7612. 92

3. 300. 887

4, 190. 9

2,848 5441.6

452.0448.7

-2.9

4, 193. 7

1.167.2

4, 125. 53 1,720. 2

397.6

775.8' 587.0;i 219. 6

47.1127. 6

5 307. 1

836.3220.335.9

580. 2

1,704.43 4. 8

3 183. 1

. 113

' Revised. p Preliminary. 1 See note "Q" for p. S-21revisions not available. a Beginning Jan. 1965, gasoline excliigasoline represents finished grades only (alkylate excluded); cincluded with kerosene) is included with jet fuel. 4 Less tlu:Jan. 1965, data include demand for liquid refinery gases former]feedstocks; comparable 1964 total, 295.1 mil. bbls. 9 Include

§ Includes nonmarketable catalyst coke. t Revisions forlater.

12, 951766

12. 824

' 532,000

' 486,498264, 202

'201,722' 95, 975

19, 965

' 74, 46652, 895

* 21, 332' 9, 206

239

49, 302

4.9526.971

' 1,443' 65, 700

17,611

' 3, 0302, 822'208

1, 4591, 102

2 16. 0762.93

3, 447. 291

4, 446. 8

3, 039. 0468.7

447.1492.0

49.4

4, 397. 5

1.570.9

4, 325. 11, 793. 5

101.1

797.2626. 4244. 4

48.9134.1323.9

885.7249. 640.4

595.7

1, 792. 63.6

194.2

.114

.2162 Repo

ties speciajommerciin 50,000 Iy shown i\s data noJan.-Oct

99984

13. 580

' 40, 760

'40,57121,263

'16,361«• 7, 207

2,947

69, C5547, 19721,6309,870

«-28

3,166

4.8047.247

994,8951,352

2,6962, 504

1921,546

67

1,3942.92

261.690

346.8

231.736.0

34.744.5

-23. 1

370.0

05.6

364.4126.012.1

88.464.717.6

3.63.5

30.5

796. 6225 .424.7

546.4

133.82

21° °

.113

.210

rted totinaphth

il jet fue)bls. 5inder pet shown1964 wi

1,08249

13. 580r 48, 736

' 41,03221,631' 17,532r 8, 182

1, 865

73, 52648, 97324, 36211,318

191

3,512

4.7987. 005

1155, 5981,478

2,6272,442

1851,584

68

1,5172. 92

285.388

389. 5

258.139.5

38.853.1

9.4

380.1

.16.2

373.8145.4

8.7

76.565.919.9

4.66.1

27 2

806.0236.326.4

543.4

146.3

214'. 2

.105

.211 1

1 monthas; aviati1 (formerBeginnirochemiseparate1 be sho^

1,28950

12. 005r 30, 528

38, 04720, 32416, 5677,827

1, 102

68, 11546, 91920, 9938,640

203

3,937

4.8146. 632

1085,4011,381

2, 3452, 172

1731,570

118

1.2742 92

271.787

362. 1

249. 238.8

36. 537.6

11.0

351. 1

.35.8

344.9147. 3

6.1

63.349.121. 5

8.124.0

817.0249. 330.6

537. 1

140.1

207! 9

.113

.212 ^

lyonlyngsally.vn

1.23262

12. 005

' 46.074

' 37,42019, 972

r 16,660' 8, 272

706

69, 76148, 60520,9188,485

238

4, 238

4.9866. 614

1135, 6741,448

2, 1662, 009

1571,563

146

1,3802.92

290. 190

373.7

259.839.4

37.337.2

30.2

343.6

(4)5.5

338.1153.7

5.9

53.243.220.3

12.122.9

847.2255.636.4

555. 2

147.7.1

203.6

.113

.218

1 Datavailat

ORase ts co

1, 196101

12. 005

' 45,702

37, 99421,26916, 1498, 159

498

73, 17350, 58922, 304

9,078

28C

5, 038

4.9866. 695

1215,5281,419

2,0801,939

1411,552

109

1,5442.92

285.692

365.7

251.537.9

39.037.4

9.5

356. 3

.16.1

350.1165. 4

4.9

48.544.420.7

17.221.6

856.6259.741.4

555.5

146.8.4

185.9

.118

.218

FOa reflectle.dio prodêr mono

87652

12. 005

' 35,071

r 39,24022, 962

' 15,736r 8, 224

474

65, 34446, 42418, 6226,683

298

4,038

4.9866.795

1025, 6821.470

2, 2582, 061

1971,582

77

1,3932.92

299.893

371.9

256.338.9

39.137.6

30.3

341. 6

2frl

335.3159.6

4.6

43.343.017.7

17.521 . 7

886. 9254.4

46. 3586. 2

156.0.4

183.3

.118

. 218

OTNOT

ad justm

uction ccchrome i

1,19053

12.355

'50,965

' 39,81822, 684

r 16,119'8,329

938

68, 55848, 79319,4507,265

315

5, 156

4.9906. 953

1405, 7141,530

2,4382,228

2101,556

68

1,5972. 92

297.992

377.4

257.039.3

41.539.7

14.6

362. 8

25^9

356.8164. 5

5.9

51.345.119.5

4.319.623.5

901.5254. 150.6

596.8

157.2.4

177.0

.118

.221

ES FO]

ent to tl

mprisesmd color

1,04087

12. 840

'47,243

' 38,48620, 99015, 9928, 073

1,432

72, 47151,98120, 1837,632

307

5, 070

4.9907. 259

1425, 5121,405

2, 5752, 356

2201,506

100

1,1982. 92

290.193

358. 2

248. 838.0

36.035.4

13.7

344.4

.16.9

337.4149.9

7.5

50. 442.121.1

4.016.524.1

915.3248.1

52.4614. 8

151.3.4

179.7

. 118

.219

R ELECie 1963 C

table, p<units.

1,12491

12. 985

'48,990

' 41,27922, 009

' 17,171' 8, 213

2,023

75, 33654, 52020, 5258,180

291

4,877

5. 0317.011

1415, 6041,478

2, 6352, 428

2071,484

96

1, 4892. 98

295.491

373. 5

259. 340.4

36.037.7

12.9

360.6

.16.0

354.5150.9

7.9

58. 647.322.9

4.315.827.1

928.2247.352.2

628.7

155.5.3

185.2

.115

.219

TRICA

ensus of

)rtable b

1,02544

13.475

'46, 791

42, 05222, 43317, 3797,947

2,163

75, 53454, 40920, 8458,568

280

4,240

5.1137. 056

1355, 4251,518

2, 8212, 621

2001,459

95

1,2852.98

280.990

366.5

252. 840. 0

34.439.2

-10.7

377.2

.15.7

371.4148.010.7

74.753.021.5

3.09.2

31.2

917.4252.947.9

616. 6

149.3,4

187.2

.115

.220

L EQUI

Man ufa c

attery, a

1,00337

13.475

' 48,324

45, 39524, 60218, 1457,997

2, 628

'74,46652, 895

'21,332' 9, 206

239

3,175

5.1297.143

'126r 5, 482

1,573

' 3, 0302, 822' 208

1, 45995

1, 7922. 98

298. 396

383.3

286. 341.6

32.045.9

-31.7

415. 0

.16.0

408.9150. 313.0

92.962. 923. 0

4.04.8

35.3

885.7249. 640.4

595. 7

156.1

194! 2

.113

.221

PMEN

tures; re

ito, and

82960

"13.475

r 47,100

45, 02324, 72317, 6897, 946

2, 610

72, 98051, 30721, 4549,273

219

2, 622

p 5. 129P7.170

119' 5, 453

r 3, 249' 3, 018

231

76

p 2.98

.113

.220

r, P. s-visions b

clock m<

'66935

41, 690

3,610

994, 997

3, 3893, 156

233

68

859

47, 310

. 227 . 227

34.

ack to 1963 are

)dels; television




1965 1966

Annual

1966

Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. I Dec.i

1967

iJan. 1 Feb. Mar.

PETROLEUM, COAL, AND PRODUCTS—Continued

PETROLEUM AND PRODUCTS— Continued

Refined petroleum products— ContinuedAviation gasoline:

Production mil. bbl _ _Exports d o - _ _Stocks, end of period..- . do

Kerosene:Production doStocks, end of period. _ _ _ doPrice, wholesale, bulk lots (N.Y. Harbor)

$ per gaL.Distillate fuel oil:

Production _ .mil. bblImports.. doExports _ . doStocks, end of period . _. _ _ d oPrice, wholesale (N.Y. Harbor, No. 2 fuel)

$ per gal..Residual fuel oil:

Production - mil. bblImports.. -- . ._ doExports . doStocks, end of period do. _ _Price, wholesale (Okla., No. 6) $ per bbl

Jet fuel (military grade only) :Production mil. bbl..Stocks, end of period do

Lubricants:Production __ doExports _ doStocks, end of period. doPrice, wholesale, bright stock (midcontinent,

f.o.b., Tulsa) $ per galAsphalt:

Production, mil. bblStocks, end of period do. -

Liquefied petroleum gases:Production _ doTransfer from gasoline plants doStocks (at plants, terminals, underground, and

at refineries) end of period mil bbl

Asphalt and tar products, shipments:Asphalt roofing, total thous. squares - _

Roll roofing and cap sheet .. doShingles, all types . - do

Asphalt siding doInsulated siding.. . doSaturated felts thous. sh. tons

] 48. 61 4.2'8.3

1 94.51 24 1

.098

765 413 03 8

155 4

.090

268 6345. 2

14.956. 21.83

i 191.21 18 7

02. 910 (i13 3

.270

123 616.2

56 1200.2

39 o

72,33828, 29344, 044

028590980

41.23 27. 8

102. 195 0

.104

785 813 84 5

154 1

.094

9P>4 0370 8

12. 9til. 21.62

215. 519 4

05. 417 112 7

. 270

129 017.3

00 1215. 1

36 9

69, 36328, 91740, 446

554496880

3.3.1

9.1

9.817.9

.103

62.86

1.0104.0

.095

99 9

37.31.1

47.61.80

15. 719.2

5.11.2

14.1

.270

0.022.4

4.921.1

20.1

3,6011,4902,111

301756

3.3

9.2

9 518 7

.103

64 783

92 8

.095

23 842 81.9

46.81.60

17.920 1

5.41 3

13.6

. 270

8 024.5

5.317.9

21 1

4,7241,9962, 728

353168

3.02

9 0

7 019 6

.102

60 41 4

391 0

.092

90 5°8 6

.846.21.55

17.618 7

5.31 4

13.1

.270

10 326. 8

4 914.9

°5 4

5,4482,0283. 420

383S73

3.31

8. 1

7 4°1 3

.102

63 81 2

310° 5

.092

°0 5°6 71. 1

49.51.55

18.519 6

5.61 9

13.1

.270

11 426.5

5 313.8

3° 1

6, 1002, 2633,838

384675

47 2

93 5

.102

6° 11 8

3117 7

.092

19 097 g

1 i51 71.55

18.619 8

5 11 5

1° 5

. 270

13 823.6

4 913 3

37 4

8,1273 0505, 077

485499

3.54

7 0

8 1°7 1

.102

67 3I \

3149 5

.09291 Pi97 1

956. 91.55

17.8''3 0

5 81 7

r>' 5.270

14 120. 9

5 113.2

43 1

0. 5402 5823, 958

44

77

a. e4

q o30 3

., 1 02

69 9

1 03

161 1

. 09°

9(i 9°7 4

959 61 55

16. 39'i 7

1 3V> 6

.270

14 81()'. 9

5 014.3

47 7

7, 1613 0334, 128

605980

3. 54

7 3

30 4

.105

05 9I I

4177 4

.095

•>0 495 o1 4

61 61 55

17.799 6

5 4

1° 4

.270

14 °15. 3

4 615 8

49 g

7,1943 1074,087

09

60

3.63

7 4

7 830 4

.105

66 61 4

2186 6

.095

21 29g 9

g04 01.55

19.521 1

5 81 7

12 2

. 270

12 913.3

4 818 8

49 0

6,7833 0993,084

685576

3 54

7 1

8 227 9

.105

03 293

175 8

.095

21 731 2

63 51 65

19. 09() g

5 21 5

13 0

.270

10 014.4

4 822 2

4 r) 9

5, 1422 4412 702

5341Oti

3.79

7 8

10 195 Q

.107

69 91 6

4154 1

.097

95 336 1

1 i01 9

1 65

19.019 4

1 5I9 7

.270

7 517.3

•) i95 8

36 9

3,5551 7731, 782

37

53

|

p. 107 ;

"

f . 097 ' - -j |

j

v 1 65

p.270

1

3, 424 1 i1 6491^775 - - _ ---

31 i1661

PULP, PAPER, AND PAPER PRODUCTS

PULPWOOD AND WASTE PAPER

Pulp wood:Receipts thous cords (1°8 cu ft )Consumption..- _ _ . doStocks, end of period do

Waste paper:Consumption... -. _ thous. sh. tonsStocks, end of period do

WOODPULPProduction:

Total, all grades thous. sh. tons..Dissolving and special alpha doSulfate doSulfite do

Oroundwood doDefibrated or exploded doSoda, semichem., screenings, etc . do

Stocks, end of period:Total, all mills do

Pulp mills doPaper and board mills doNonpaper mills.. do

Exports, all grades, total doDissolving and special alpha doAll other do

Imports, all grades, total . doDissolving and special alpha doAll other do

PAPER AND PAPER PRODUCTS

Paper and board:Production (Bu. of the Census) :

All grades, total, unadjusted.- -thous. sh. tons._Paper doPaperboard doWet-machine board doConstruction paper and board . do

50 45250, 740

5, 770

9,914573

33, 2961 , 486

20,5142, 789

3, 9201,4733,113

730253395

82

21,4022 535

897

3, 127280

2,847

43, 74619, 01920 760

1353.833

!

T 58 881' 55, 382

r (i, 059

10, 159r 682

35, 7361,557

22 3532, 804

T 3 90°1 5303,421

r 729°58

r 387r 84

1 572563

1,009

3 355293

3, 065

r 40, 558r 93 298' •)') 483

138T 3. 709

4 19°4,2935. 320

808464

2, 750124

1,715213

315118265

682252351

79

1265670

24923

226

3, 6511.5871, 759

11295

4 8434, 6515, 428

920466

3,052140

1 908

342131289

680242355

82

1255670

30327

276

4,0451,7561,935

12341

4 5124l 642o, 260

871486

2, 964132

1 854239

331133275

683243361

79

15346

108

25420

234

3, 9381,6971 879

12349

4 5694,7945,001

899488

3.102134

1,945256

338133297

700250369

81

1404793

28724

263

4,0341,7181 964

12339

4 9574 0645 313

894511

3,017140

1 898'236

329134286

716233393

91

1325478

30028

272

3,9961 6991 946

12339

4 7724 5645 453

746562

2, 904115

1 847°20

318131273

74694940889

1912497

27926

254

3, 6771 586l' 769' 9313

5 0904 79°5 639

893576

3, 130134

1 980943

341139300

96641891

i9342SI

32099

290

r 4, 0271 7271 966

l l )

323

4 7304 4185 908

837596

2, 820118

1 752298

319131273

743''5239892

1464997

25822

236

3,7801 6581 803

I9

307

4 8974 9785 829

877022

3,133131

1 970945

353136299

77399638691

1094267

99017

274

4,0901 783l' 992

I9

304

4 4974 6465 703

814048

3, 047132

1 923'243

334113300

76029°38°80

1304788

9g991

201

3, 8591 6921 881

11275

T 4 716T 4 366r 6 059

752r 6g9

2, 801116

1 753' 909

r 399

119281

r 7999 58

T 3g7r g4

1334990

99335

258

••3,612T i 696r 1 749

I9r 232

4 7594 8445 835

808650

3, 076134

1 944930

3481399gg

7519gq37983

1033964

l)879()

207

3, 9141 7741 868

I9

260

p 4 596p 4 454p 6 099

p 771p 603

2, 897110

1 84999]_

339

194971

776393

P 37gi' 76

1133875

90119

242

P 3, 693p 1 650p 1 765

p 12p 266

r Revised. v Preliminary. * See note 2 for p. S-35. > See note "O" for p. i




1965 1966

Annual

1966


1967

Jan. Feb. Mar.

PULP, PAPER, AND PAPER PRODUCTS—Continued

PAPER AND PAPER PRODUCTS— Con.

Paper and board— ContinuedNew orders (American Paper Institute) :§

All grades paper and board thous sh tonsWholesale price indexes:

Printing paper 1957-59 = 100Book paper A grade doPaperboard doBuilding paper and board _ - do

Selected types of paper (API):§Fine paper:

Orders new thous sh tonsOrders unfilled end of period do

Production doShipments do

Printing paper:Orders new doOrders, unfilled, end of period do


Coarse paper:Orders, new doOrders, unfilled, end of period do


Newsprint:Canada:

Production doShipments from mills _ _ doStocks at mills end of period do

United States:Production . . . ... doShipments from mills doStocks at mills, end of period do

Consumption by publisherscT doStocks at and in transit to publishers, end of

period thous sli tons

Imports doPrice, rolls, contract, f.o.b. mill, freight allowed

or delivered $ per sh. ton

Paperboard (American Paper Institute): AOrders, new (weekly avg.) thous. sh. tons..Orders, unfilled, end of period .. doProduction, total (weekly avg.) do

Percent of activity (based on 6. 5-day week)Paper products:

Shipping containers, corrugated and solid fiber,shipments! . . , mil. sq. ft. surf, area

Folding paper boxes, shipments, index of physicalvolume 1 947-49 -IfiQ

44, 296

101.4110.696.493.0

2,429150

2, 410'•>, 413

6,198510

5, 9935, 993

4,590210

4,5914,564

7,7207,747

150

2,1802, 183

19

6, 387

573

G 393

132.40

i 4171 796

41090

148, 312

128.2

r 46, 869

101.7115.197.192.8

'2,635' 157

' 2, 639T 2 621

' 6, 685* 527

r 6, 489' 6, 489

' 4, 722'205

' 4, 696r 4, 703

8,4198,385

184

2, 4102, 408

21

6,898

681

6 991

136. 23

44972444592

159,783

3,692

101.4113.596.792.7

207154

205°00

529562

502502

381226

376376

654617253

18518427

498

619

509

132. 40

453902446

95

11,848

115 9

4, 228

101.4113.597.092.7

242168

226231

623620

562562

447250

4294°0

738688302

20321020

586

624

633

132. 40

47194445095

14,043

140.2

3,998

101.4113.597.192.6

233172

228'»8

551598

534534

417256

394399

702732979

19219120

576

641

570

134.40

453973450

94

13, 158

129.5

4,042

101.4114.697.292.6

231177922999

579614

557557

387245

405398

735777230

205207

17

628

668

607

134.40

4691,025

46697

13,477

133. 5

4,025

101.9114.697.292.6

230189

997927

580626

556556

390240

397396

698687241

20520418

573

677

632

138. 40

45299945794

13, 669

144. 5

3,703

101.9115.697.292.9

211186

201208

546656

513513

369215

365370

703666278

19418626

522

688

494

138. 40

391999410

84

12, 403

125.8

4, 036

101.9116.797.293.0

233185

226228

555621

561561

398234

••399397

730709299

21120730

547

729

587

138. 40

44997545092

14, 064

145. 4

' 3, 791

101.9116.797.292.7

204168

216?10

563610

547547

374997

389388

677703

19219597

582

737

624

138. 40

42993743590

14, 232

143.5

' 4, 077

101. 9116.797.293. 0

223169

235227

562583

571571

392214

399395

726717281

211210

28

641

700

605

138. 40

46194346395

14,346

140. 5

r 3, 742

101.9116.797 293.1

'208'160

r 294' 223

'515'543

' 543'543

'392'205

'392' 394

714738l)58

21421528

626

705

601

138 40

44288346394

13, 793

p 130. 1

' 3, 565

101.9116.797.292.7

'200'157

'212' 203

' 530'527

'517'517

'381'200

'372' 380

667740184

20120721

593

681

138.40

412731423

84

12,949

f 3, 991

101.9116.797.392.5

P200p 157

P200p 220

?569P560

^569p547

p380p206

p388p385

698612270

22720939

542

682

563

"138. 40

45674840491

l'>, 298

0596023<J7

21219951

511

672

500

45172045592

12,098

45070545391

RUBBER AND RUBBER PRODUCTS

RUBBERNatural rubber:

Consumption _ _ _ -thous. Ig. tons_Stocks, end of period, . .-- doImports, incl. latex and guayule doPrice, wholesale, smoked sheets ( N . Y . ) _ _ $ per l b _ .

Synthetic rubber:Production _ thous. Ig. tons__Consumption. _ . _ . doStocks, end of period doExports do

Reclaimed rubber:Production _ _ . _ . _ _ . doConsumption doStocks, end of period do

TIRES AND TUBES

Pneumatic casings, automotive:Production . thous

Shipments, total ... .doOriginal equipment doReplacement equipment doExport . _ .. do

Stocks , end of period doExports (Bu. of Census) do

Inner tubes, automotive:Production. . . . d o . . .Shipments doStocks , end of period doExports (Bu. of Census) do

514.71100. 01445. 32

. 257

1,813.991,540.87

311.952 281. 7g

280. 29269. 54

30. 16

167,854

169, 06058, 280

107,9052, 875

37, 0162 2, 381

41,34241,93611J839

2 1,189

549. 70r 81. 55

431 66.236

1,969.621 671.91' 347. 94

308. 44

276. 86258. 44'31.53

177, 169

173, 46454, 680

116,3482, 436

42, 5692, 051

42, 76544, 222111 9961.100

44.3493. 7344.94.258

153. 07131. 54317.0129.91

22.8421. 8828. 72

14, 605

1° 2924,' 8447,181

196

40, 833180

3, 5583, 742

Il ' l7964

50. 9090. 5640. 27.258

169. 52150, 23309. 7730. 00

27. 1924, 5630.07

16, 275

15, 8555,527

10, 079249

41,441211

3, 9834, 480

10' 63087

45.9390.3444. 33

.244

165. 58141. 02316. 02

26. 11

23.2022.0629. 99

15, 317

16, 2245, 253

10, 734237

40. 775175

3,5913, 724

10] 699125

46. 4291. 4538.45.241

165. 55137. 93322. 0224. 07

23. 9621.6730.79

14, 885

14, 6904,9039,587

200

41,214220

3,5333, 336

11,' 039126

47.0690.8442^40.236

161.59140. 29323. 9624. 59

24.5522. 3532. 18

14, 473

16, 2204,900

11,161159

39, 601147

3, 6693, 770

11*10780

37.4092. 7725^94

.234

155. 00113. 63342. 7128. 01

18. 5817 2732. 41

12, 187

12,9012,446

10,292163

39, 166151

3,1853 402

1M1996

46.4088. 7538! 05

.230

160. 54137. 96338. 9125. 39

22.9420. 4032.41

13, 959

12, 6212, 066

10,358197

40, 856153

3, 3013, 399

I l ] l6374

47. 5686. 6230.' 69

. 223

164. 20143 88337. 2225. 18

21. 7421. 2930. 72

14,809

16,0154,684

11,133199

39, 565166

3, 7433, 739

1U)65102

48. 6087. 59 -34. 22

.219

168. 08153. 05334. 9924. 39

23. 9423. 2630. 62

15, 869

16,5585, 269

11,020269

39, 093161

3,7733, 834

l l ]276104

46.1586 6934. 52

. 223

170. 87144. 09340. 40

24. 10

21. 8520. 3230. 36

15, 000

13, 8585, 1718,511

176

40, 393181

3, 4903, 228

1 1 ' 70486

42. 00' 81. 55

99'54.220

' 167.02' 141.07' 347.94

23. 37

' 22. 64' 20 19' 31. 53

14, 483

12, 3884,6297, 564

196

42, 569165

3, 4343 219

11 '99685

45. 4399 '^939.37.216

164. 42146. 42351. 38

26. 26

21 0021. 6530. 93

15, 058

13, 1664,1438, 845

178

44, 678123

' 3, 496' 4, 630

'•10*84668

33. 06. 208

25. 24

14, 147

11,3533, 2347,898

999

47, 594115

3,3853, 312

10^94755

. 206

r Revised. v Preliminary. > Beginning Jan. 1965, monthly data are 4-week averagesfor period ending Saturday nearest the end of the month. Annual data for new orders are52-week averages; those for unfilled orders arc as of Dec. 31. 2 See note "O" for P- S-21.

ef As reported by publishers accounting for about 75 percent of total newsprint consumption,t Revisions for Jan. 1964-Feb. 1965 will be shown later. §Formerly American Paper andPulp Association. AFormerly National Paperboard Association.


S-38 SURVEY


1965 1966

Annual

OF (TORRENT BUSINESS April IOGT

1966

Feb. Mar. Apr. May June July Aug. Sept. Oct. | Nov.I

Dec.

1967

Jan. Feb. Mar.

STONE, CLAY, AND GLASS PRODUCTS

PORTLAND CEMENT

Shipments, finished cement thous bbl

CLAY CONSTRUCTION PRODUCTS

Shipments:Brick, unglazed (common and face)

mil standard brickStructural tile, except facing thous sh tonsSewer pipe and fittings, vitrified doFacing tile (hollow) , glazed and unglazed

mil brick equivalentFloor and wall tile and accessories, glazed and tin-

glazed mil sq ftPrice index, brick (common), f.o.b. plant or

N Y dock 1957-59—100

GLASS AND GLASS PRODUCTS

Flat glass, mfrs ' shipments thous $

Sheet (window) glass, shipments doPlate and other flat glass, shipments do

Glass containers:Production thous. gross. .

Shipments, domestic, total doGeneral-use food:

Narrow-neck food doWide-mouth food (incl. packers' tumblers,

jelly glasses, and fruit jars) thous. gross.-

Beverage doBeer bottles doLiquor and wine_ do

Medicinal and toilet doChemical, household and industrial doDairy products do

Stocks, end of period. do

GYPSUM AND PRODUCTS (QTRLY)

Crude gypsum, total:Imports thous sh tonsProduction do

Calcined, production, total do

Gypsum products sold or used, total:Uncalcined uses doIndustrial uses doBuilding uses:

Plasters:Base-coat doAll other (incl Keene's cement) do

Lath mil sq ftWallboard doAll other do

!373 563

8 089. 1313 3

1 73° 9

396 9

°83 4

108 4

354 308

140 559013 749

202, 050

195 924

21 548

53,-742

20 28330 13417 273

38, 7976 8821 ' 265

20, 945

5 91110 035

9 3°0

4 580319

898976

1 3688* 083

971

:380 665

r 7 606 2r 267 4

r 1 QIQ 3

r 308 1

°72 7

111 5

343 138

136 785206 353

211, 764

°04 093

21 605

51,941

27 09838 89517 608

39, 9925 8131 141

30 084

5 4799 635

8 i:>58

4 (}'>7' 3')9

678o 904

1 089()' 930

')->8

16 982

421 016 782 9

°1 8

21 5

110 4

16, 352

14 298

1 537

3,964

1,4132, 2161,366

3, 24746095

30, 370

28 779

747 703 4

151 3

°6 3

°5 9

110 7

87 802

33 54154 961

18,658

17 785

2 035

4,356

2,0343,3021,571

3, 86453192

30, 801

1, 0332, 245

2,074

78681

r 165202

2641,623

54

30 883

745. 622 7

146 4

28 3

24 6

110 9

17, 567

10 578

1 717

3,851

2 2663 3041 409

3, 301)50' '103

31,977

35 330

753.821 2

148 4

26 2

24 2

111 1

18,370

17, 460

1,713

4,142

2,5613,5491,539

3,35951681

32, 814

41, 724

812.324 5

174 4

29 2

°6 1

111 8

86 554

34 40152 153

18, 996

19 337

1 653

4, 568

3 3504 1971,540

3,42751092

31,892

1 4872 6780 305

1 43089

r 191°38

3161 996

76

37 941

709.323 2

159 0

27. 1

21.8

111 9

18, 027

17,125

1 578

3,957

3, 2364,1901,120

2,575393

76

32, 408

43,176

746. 924 9

159. 8

28 793 7

111 9

19,821

19 7689 533

4, 963

2, 5793,8931,507

3, 646544103

31 , 926

38, 672

636. 723 2

148. 9

°6 3

00 3

111 9

80, 852

34, 08846, 764

17, 163

18, 878

2, 767

4,936

2,2873,0501,506

3,669546117

29, 684

1, 7062,535

2,111

1,33980

r 185252

2941,828

55

38, 400

615.925 2

139 2

°0 8

11° 1

18,392

15, 981

1,760

4,433

1,5332,7591 , 757

3,22742686

31,735

29, 195

544.021.6

115.4

°0 3

11° 9

16, 064

15 971

1 478

4,378

2, 0102, 7871,017

3,153448

94

31,280

21,044

T 408. 8r 20 4r90. 7

18 9r n9 2

87, 930

34 75553, 175

15,609

16 197

1 403

4, 025

2, 6773,2341,368

2, 958424108

30, 084

1,2532, 177

1 , 7(58

1,07280

136206

2151,493

43

18,457

409.418. 184.0 i

22. 0

19.0

111 °t

1

r 17, 119 16,931r 15, 271 15, 052

r 1, 448 1, 647r 4, 329 4, 081

r 1,852 1,980' 2, 692 2, 639'1,338 1,289r 3, 093 2, 865

r 442 474

31,500 32,889

TEXTILE PRODUCTS

WOVEN FABRICS

Woven fabrics (gray goods), weaving mills: fCloth woven, total 9 mil. linear yd-,

Cotton__ _ . _ _ doManmade fiber do

Stocks, total, end of period 9 d* doCotton _ . ._ _ _ . ..do .-Manmade fiber do

Orders, unfilled, total, end of period 9 < f _ _ - d oCotton doManmade fiber do

COTTON

Cotton (exclusive of linters) :Production:

GinningsA thous. running bales..Crop estimate, equivalent 500-lb. bales

thous. bales__Consumption doStocks in the United States, total, end of period

thous. bales..Domestic cotton, total do

On farms and in transit doPublic storage and compresses _ . - _ d oConsuming establishments do

Foreign cotton, total do.r Revised. 1 Beginning Jan. 1965, excludes finished

>ared masonry cement (2,734 thous. bbls. in 1964); anited to the months. - Data cover 5 weeks; other me(I innings to Jan. 15. s Crop for the year 1966.

o the quarters, t Data shown here are not strictly (or the following reasons: Beginning Jan. 1964, fabric cibcr drapery fabrics were added; beginning Jan. 1966,

classifications, principally cotton blends.

13, 0379,2623,517

1,139676442

4,1403, 023

999

14,916

14,9569 296

23, 785''3 680

2, 53319,619

1 , 528105

cement ulual totalmths, 4 w

6 Incluxmiparabassilicaticdata refle

12, 6988, 8663, 580

1,319766534

3, 1032, 297

738

9, 5699,647

20, 43820, 3591,294

17, 6391 , 426

79

sed in thes include r?eks. 3

des revisic with thens were rect further

1,020705293

1,080639422

4,5893,3871,078

""753"

21,69221,596

69819, 188

1,71096

manufaevisionsGinningons not>se for eaivised anchanges

2 1, 26528642373

1,068627416

4,6493, 4391,085

14, 916

-947

20,41320, 323

13118,381

1,81190

Hure of pnot dislrs to Dec.(list ril nitHer pericdniamii;11 report!

1,008700285

1,053614414

4,6623,4731,080

758

19, 54219,460

35417,360

1 , 74682

rc-ib-13.eddsdoUK

1,019701294

1,045607416

4,7143,5041,099

769

18, 62918, 553

37716, 524

1, 65276

9 IncfSt

towelicover

«TUnand sitoweli

21 ,2372 8562 353

1,084620444

4.4533, 3051,046

2 953

17,46717,390

14715,7011,488

71

eludes diocks (owig, and Laddition;:filled ordocks ex(ig, and b

1,019701294

1 045607416

4 7143,5041 099

769

18, 62918, 553

37716, 5241, 652

76

= ,.2372 8562 353

1 084690444

4 4533, 3051 046

2 953

17,46717,396

14715,7611,488

71

824557''49

1 175650501

4, 5003, 3021 105

10

609

16, 86216, 801

18815, 2741,339

02

1,010712279

1 194703473

4,1353,1249°5

396

769

26, 90226, 80311,31814,1771,308

99

-1,21028542 335

1 180673489

3,8832,952855

1,341

2 930

25, 20225, 1099, 99314, 0121,104

93

1,001705''80

] °1970' >500

3 7272, 839891

5, 008

781

23, 01523, 5350, 54515,8731. 117

HO

1,001722265

1 , 257730509

3,3822, 533783

8, 755

759

21,90421,8222, 25518, 2291,338

82

- 1,0902 7782 294

1,319766534

3,1032, 297738

3 9, 204

-' 859

20, 43820, 3591 . 29417,6391,426

79

i

i

1|

4 9, 526 ;

770 ! 749

19,070 !..18,991 11,099 j .16,262 ! 14.9421,630 ! 1,874

79 ! 78

5 9, 557

c^1 Stocks (owned by weaving mills'and billed arid held for others) exclude bedsheeting,toweling, and blanketing, and billed and held stocks of denims. Effective Aug. 1965, stockscover additional maiirnr.de fiber fabrics not previously included.

nfilled orders cover wool apparel (including polyester-wool) finished fabrics; production" " ' figures for such finished fabrics. Orders also exclude bedsheetinp,

? t in j r . ATotal ginnings to end of month indicated, except as noted.




1965 1966

Annual Feb. Mar. Apr, May June July Aug. Sept. Oct. Nov. Dec.

1967

Jan. Feb. Mar.

TEXTILE PRODUCTS—Continued

COTTON— Continued

Cotton (exclusive of linters)— ContinuedExports^ . thous. bales..Imports doPrices (farm) American upland cents per IbPrices middling 1" avg 15 markets do

Cotton linters:Consumption.- thous. bales..Production doStocks end of period do

COTTON MANUFACTURESSpindle activity (cotton system spindles):

Active spindles, last working day, total. _ _ . m i l _ _

Spindle hours operated, all fibers, total biL-

Consuming 100 percent cotton _ _doCotton yarn, natural stock, on cones or tubes:

Prices, f.o.b. mill:20/2, carded, wcaving§ $perlb._

Cotton cloth:Cotton broadwoven goods over 12" in width:

Orders, unfilled, end of period, as compared withavg. weekly production No. weeks' prod--

Inventories, end of period, as compared withnvg. weekly production --No. weeks' prod--

Ratio of stocks to unfilled orders (at cottonmills) end of period, seasonally adjustedA

Mill margins cents per IbPrices, wholesale:

"Print ninth ?Q inpTi fiS Y 79 rln

MANMADE FIBERS AND MANUFACTURESFiber production, qtrly. total mil. l b _ _

Filament yarn (rayon and acetate) doStaple, incl. tow (rayon) _ . doNoncellulosic, except textile glass:

Yarn and monofilaments* doStaple, incl. tow* do

Exports:Yarns and monofilaments. thous. lb.Stanle, tow, and tops do

Imports:

Staple, tow, and tops doStocks, producers', end of period:

Filament varn (rayon and acetate) mil. Ib.

Noncellulosic fiber, except textile glass:

Staple, incl. tow* __do. ._Textile glass fiber do

Prices, rnanmade fibers, f.o.b. producing plant:Staple: Rayon (viscose), 1.5 denier $ per lb_

Polyester, 1.5 denier* doYarn: Rayon (viscose), 150 denier. _ do_.

Manmade fiber and silk broadwoven fabrics:Production (otrly ). total 9 - mil lin yd

Filament yarn' (100%) fabrics 9 . do ...Chiefly rayon and/or acetate fabrics doChieflv nylon fabrics do...

Spun yarn (100%) fabrics (except blanketing) 9mil. lin. yd

Rayon and/or acetate fabrics and blendsdo

Polyester blends with cotton doCombinations of filament and spun yarn fabrics

mil. lin. yd..Exports, piece goods thous. sq. yd_.

WOOLWool consumption, mill (clean basis) :

Apparel class mil. lb_.

Wool imports, clean yield* doDuty-free (carpet class)* do

Wool prices, raw, clean basis, Boston:Good French combing and staple:

Graded territory, fine $ per IbGraded fleece, 3/s blood do

Australian, 64s, 70s, good topmaking d o _ _ _

WOOL MANUFACTURESKnitting yarn, worsted, 2/20s-50s/56s, American

system, wholesale price 1957-59 = 100-Woolen and worsted woven goods, exc. felts:

Production (qtrly.) mil. lin. yd.Suiting, price (wholesale), flannel, men's and

boys', f.o.b. mill 1957-59=100

' Revised. p Preliminary. 1 Season average.3 Margins th ru July 1966 reflect equalization paym1966, 5.75 cents per pound). 4 Less than 500 balep. S-21. « Reflects decrease in the 1966 national a

§Data beginning Aug. 1965 for knitting yarn, Mafor denim are not strictly comparable with earlier p

3,79599

128.01 29 6

1,4061, 635

734

18.914.7

128.0.493

102.9

.629

.891

9 238

20.3

4.5

.23337.51

34.918.617.5

3, 532. 2825. 0648.0

997.7779.2282.3

6 99, 9236 50, 763

15, 690130, 108

59.855.8

109.396.732.2

.28

.85

.80!

1 3,926.21,640.6

855.8303.9

1,534.6

643.3713. 5

519 45 167, 083

274.7112.3271.6108.9

1.2491.1921.156

107. 8

267. 3

100.2

2 For 5ents to ds. & Foverage loy 1966 forrices.

3,597100

1,3661,419

725

19.515.1

132.1.509

102.4

.949

18.4

4.5

'.25339.39

35.818.718.0

'3,860.0799.8659.2

'1,164.7904.0339 3

98, 72255, 522

16, 571177, 570

67.370.1

149.6129.842.5

.28

.80

.80

173, 701

i

'266.6103.6

j 277. 2114. 6

1.3491,1711.259

108.2

102.

weeks, otomestic ur month sin rate,weaving

2546

26.929.5

116179

'813

18.814.610.5.5258. 2

.652

.934

21.7

4.0

.1938.77

34.918.817.6

9,1144, 204

81010 700

61.156.7

.28

.84,80

13,711

23.39.1

24.07.0

1.2911.2291.225

109.6

102.7

her monsers (Auliown.

yarn, an

2366

27.629.5

2143168833

19.214.7

213.0.518

210.0

.652

.938

2 295

21.8

3.7

'.1838.58

34.918.818.0

938.0201.7167.0

270. 7220.877 8

10,0296,181

1,09416, 247

60.153.9

112 989.925.9

.28

.84

.80

1,105.3419, 2198. 684.1

499 5

162.7280.7

126 016,413

229.3211.3

33.010.8

1.3251.2251. 235

110.2

74.5

102.7

hs, 4 we(g. 1965-J

c See "

d Aug.

1776

28.229.5

123113848

19.214.710.5.5258.0

.657

.939

22. 6

3.8

'.1738.71

35.618.818.0

8,5094,902

1,13221,488

58.853.5

.28

.84

.80

14, 600

23.48.5

26.99.5

1.3501 . 2251.275

110.2

102.7

>ks.ulv0,"1966

2141

28.429.6

12087

804

19.314.710.7.5368.2

.667

.946

22. 6

3.8

'.1738. 72

36.218.818.0

9,2095,506

1,75213, 654

57.653.5

.28

.84

.80

13,958

23.08.5

23.18.3

1.3751.2251.275

109.1

102.7

AR9lr*Nc

A gricare a>1951;

1764

29.329.6

213858

711

19.314.8

212.9.51529.9

.667

.954

2,287

21.7

3.8

.1738.72

36.218.818.0

995.3198.8172. 8

289.6250.084 1

8,2625,104

1,79513, 825

55.054.7

117 3109.723.3

.28

.84

.80

1,091.4405. 8187.183.2

497.8

164.0274. 0

127.814, 222

228.12 9 . 625.711.4

1.3751.1831.275

109.7

74 2

1422

29.729.6

9137

641

19.314.88.6

.4306.6

.667

.959

28.7

5.0

.1738.75

36.218.818.0

"

7,2904,394

1,19814, 308

63.765.9

.28

.84

.80

12, 745

18.95.8

21.412.5

1.3951. 1751.275

109.7

34139

a 21. 2«22.0

10442

584

19.515.110.6.5308.2

.962

20.2

3.8

.1840.40

36.218.818.1

7, 0564,025

1,84317, 303

66.570.9

.28

.84

.80

12, 821

22.18.3

26.416.1

1.3951. 1651.275

109.1

3487

21.221.9

212363

527

19.615.1

212.9.514

210.1

.962

2,086

19.8

3.8

'.1840.60

36.218.818.1

980.4201.7168.5

302. 6222.485.2

7,4845, 165

1,41612, 411

66.874.5

136 5136.329.3

.28

.78

.81

972.2356.7161.277.5

445 1

150. 0239.5

113.614, 061

222.629 .518.79.3

1.3901.1201.275

108.0

fi1 7

30611

22.421.8

105153567

19.515.110.5.5278.3

.960

18.6

3.9

' .2140.67

36.218.818.3

7,8895,779

92313, 349

65.670.7

.28

.72

.81

15, 227

17.78.6

14.75.0

1.3601.0981.275

106.5

102.7 102.7 102.7 102. 102.7

evised data (1963-66) appear in U.S. Depticludes data not shown separately,w series. Sources: Polyester staple price, ]

ulture from Bureau of the Census records (Bailable as follows: Price, back to 1955; noistocks, to 1953; wool imports to 1948.

5183

21.921.8

93168636

19.515.110.2.5087.9

.953

17.6

4.1

' .2340.41

36.218.318.3

7,5334,162

1,60011,910

64.464.4

.28

.72

.81

15,062

16.17.7

15.97.0

1.3251.0971.275

103.4

102.7

Agricult

J.S. Depsuch imiicellulosi

607(4)22.021.9

293158725

19.515.1

211.3.45328.8

.953

18.4

4.5

'.2539.54

36.218.318.3

942.8197.6150.9

298.3210.885.2

8,6097,608

1,58714, 246

67.370.1

149.6129.842.5

.28

.72

.81

17,971

' 2 18.92 7 . 819.38.6

1.3251.0751.225

102.8

103.2

ure Mar

t. Labor)orts excc yarn a

4587

19.822.0

91152

'778

19.815.310.1.5037.8

P .951

16.1

4.3

.2639.12

p 36.2p 18.3p 18.3

566.45 57.5

8,0696,514

2,2379,563

70.274.6

p .28p .72p .81

18.57.1

16.57.0

1.2881.0501.188

100.7

102.7

1967 Cc

wool irrude anirnd stapl

4585

20.722.0

89123808

19.815.310.0.4997.8

14.9

4.2

.2938.88

557.0549.8

8,1017,034

3,35713, 600

68.580.2

|"~-

13.14.2

1.225.975

1.175

20.522.1

38.61

1.213.945

1.175

TTON SITUATION.

iports, U.S. Dept.nal hairs). Datae— production to




1965 1966

Annual Feb.

1966

Mar. 1 Apr. May June July Aug. Sept. Oct. Nov. Dec.

1967

Jan. Feb. Mar.

TEXTILE PRODUCTS—Continued

APPAREL

Hosiery, shipments - - thous. doz. pairsMen's apparel, cuttings:!

Tailored garments:Suits _ _ _ _ _ thous. unitsOvercoats and topcoats - do

Coats (separate), dress and sport doTrousers (separate) , dress and sport do

Shirts (woven fabrics), dress and sportthous. doz

Work clothing:Dungarees and waistband overalls doShirts do

Women's, misses', juniors' outerwear, cuttings: ICoats thous. unitsDresses doSuits do

Blouses, waists, and shirts thous. dozSkirts -do

194. 753

22, 4194,436

12, 492139, 009

30, 321

4, 8673,949

25,620274, 541

11 736

16,9199, 906

210, 394

20, 7153, 799

13, 148145, 673

27, 827

5,9094, 096

r 24, 595* 271, 647

r 10, 510

r 14. 978' 10. 225

r 16, 049

1,787245

1 12311, 116

2, 406

436351

2.35323. 629

1,057

1,532759

18, 299

2,123301

1 29013, 569

2,749

485406

1,90231, 1001, 102

1, 557781

16, 003

1.848351

1 21412. 763

2,446

471369

1,53926, 834

709

1 365872

15, 491

1,812357

1, 15213, 106

2,371

464352

1,55024. 138

722

1 180956

18, 230

1,858384

1 13913 446

2,341

487356

2,25722,800

899

1,326977

15, 794

1,073252

6929 741

1,604

380272

2, 14417, 677

852

1 2891, 075

20 527

1,762373

1 09913 521

2, 178

584348

2 45121,897

881

1 163929

19, 095

1,688414

1 06413, 122

2,373

520354

2,10921,523

791

1,238824

19, 938

1,826330

1 07911 846

2, 392

533332

2 40123,144

918

1,196992

20, 096

1,736283

1 05511 649

2,446

520331

2 16820,784

932

1,055764

15, 873

1,436"•238

1 080r!0 491

r 2, 207

'591r288

r 1, 680r 18, 311

r 762

r 777'523

18, 323

1,472210

1,09111, 105

2,378

517355

2,03721, 263

972

999760

19, 296

TRANSPORTATION EQUIPMENT

AEROSPACE VEHICLES

Orders, new (net), qtrly. total mil. $U S. Government -do

Prime contract-- _ -doSales (net), receipts, or billings, Qtrly. total do

U S Government -do

Backlo0" of orders, end of period 9 doU.S. Government ___ _ . do

Aircraft (complete) and parts doEngines (aircraft) and parts doMissiles, space vehicle systems, engines, propul-

sion units, and parts mil $Other related operations (conversions, modifica-

tions), products, services.. mil. $

\ircraft (civilian) * Shipments© doAirframe weight® thous. l b _ _Exports mil. $

MOTOR VEHICLES

Factory sales, total thousDomestic do

Passenger cars, total doDomestic _do

Trucks and buses, total doDomestic do

Exports:Passenger cars (new) assembled doPassenger cars (used) doTrucks and buses (new) assembled doTrucks and buses (used) doTrack and bus bodies for assembly* do

Imports:Passenger cars (new), complete units doPassenger cars (used) doTrucks and buses complete units do

Shipments, truck trailers:Complete trailers and chassis number

Vans doTrailer bodies, chassis, sold separately do

Registrations:©New passenger cars thous-_

Foreign cars doNew commercial cars (trucks) do

RAILROAD EQUIPMENT

Freight cars (ARCI):Shipments __ .._ _ ...number..

Equipment manufacturers, total doRailroad shops, domestic do

New orders doEquipment manufacturers total doRailroad shop*? domestic do

Unfilled orders, end of period doEquipment manufacturers, total doRailroad shops domestic do

Passenger cars: Shipments ._. ..do _Unfilled orders, end of per do

Freight cars (revenue), class 1 railroads (AAR):§Number owned end of period thous

Held for repairs, % of total ownedCapacity (carrying), aggregate, end of period*

mil. tons.-Average per car . _ _ . tons

22, 18314, 57120, 10117,01612, 535

20, 38513, 6968,8852 503

5, 480

1,856

1 592 032, 200473.0

11,057.410, 716. 69, 305. 69, 100. 71.751.81,615.9

3105. 03i 10. 42

1 3 59. 6715.77i 7.29

559. 438.007.60

103, 75665, 90914, 653

9. 313. 9569. 4

1. 528. 9

r 77, 896r 53, 392

24, 504

r 88, 288r 65, 617

22 671

45. 26632. 873I9 393

20114

4 1, 4815.3

* 88. 204 59. 58

2 087 043, 982. 7

553.7

10, 329. 59, 943. 58, 598. 38, 336. 91, 731. 21, 606. 6

177. 5812.7278.646.79

10. 70

858. 155.75

42.96

113, 54575, 52718, 402

s 9,008. 55 658. 1

51,610.4

5 90, 190s 67, 785

22, 405

r 101, 846' 75, 206

26, 640

56, 61840, 42616, 192

1583

1,497| 4.8

91.5861. 19

169.13,40047.0

917.6889. 9766.3748.8151.3141.1

9.951.176.65.48.84

57.14.46

2.13

8,4895,5931,621

721. 648.8

129.0

6,2624, 5501,712

12,56111,0641,497

51,76039, 87811,882

020

1,4805.4

88.5059.78

6,4403,9005,2334,6673,315

22,15614, 35810, 1242,846

5,142

2,201

186.83,79768.8

1,089.81, 061. 5

919.8902.0170.1159. 5

13.291.387.11.65

1.44

77.26.58

2.68

11,5467,5722,263

878.859.7

143.4

8,0546, 0092,045

11,2449,2292,015

54, 72142, 90511,816

020

1,4805.0

88.7059. 90

198.34,26561.8

963.2935. 5811.0793.9152. 3141.6

10.371.076.08

.65

.87

49.41.47

1.47

10,9687,018

975

822.655.6

148.6

7,2625,6891, 573

'11,912' 7, 757

4,155

59, 65245, 21914, 433

020

4 1,4844.9

4 89. 004 59. 97

224.84,809

41.3

948.8921.1787. 8771.2161.0149.9

9.921.216.36

.56

.95

74.06.57

2.22

10, 1366,6731,895

777.250.6

144.0

7,5005,4732, 027

9,5108,813

697

61, 59648, 47813,118

070

1,4865.0

89. 3060.08

5 7883,0115,1715 0063,560

22, 93813 80910, 9393,022

4,538

2,360

169.83,74754.4

985.9959.2818.6802.5167.3156.7

7.491.127.27.70

1.07

80.77.38

4.06

10, 6906,9281,719

752.552.6

137.4

7,5085,3072, 201

5,7344,6581,076

60, 37848, 34112, 037

070

1,4874.9

89.5760.23

148.63,10631.3

625.3605.6488.4480.0136.9125.6

5.70.97

7.83.57.84

69.34.46

4.07

7,7635,2061,591

832. 759. 0

151. 0

6,7994,8201,979

' 6, 017r 4, 279

1,738

59, 87448, 08211, 792

664

1.4874.9

89.7160.34

161. 73,37244.6

211.9196.3143.8136. 468.159.9

4.611.156.41.51.52

47. 53.20

4.05

8,8356,2321, 793

743.658.1

141.6

8, 3856, 2512, 134

* 8, 391r 5, 154

3,237

59, 75046, 86112, 889

659

1,4895.0

90. 0360.48

9,0935,6938,3895,0763,715

26, 95515, 78713 9113,557

4 779

2,417

149.43,44829.2

747. 2709.9621.8592.4125. 5117.5

19.18.83

5.24.59.74

77.38.51

2.02

9,7906,6001,406

573.864.4

121.9

7,4365,9821,454

' 7, 673r 5, 905

1,768

59, 50846, 40713, 101

356

1,4895.0

90. 2060. 59

148.43,04066.6

985.3936.9835.3797.7150.0139.3

27.64.90

6.35.49

1.00

73.38.58

3.26

9,6036,468

975

766.764.7

128.0

7,7876,5031,284

5,9665,218

748

57, 88345, 32812, 555

056

1,4915.0

90.5060.71

159.33,38423.5

980.7928.5832.6791.2148.1137.2

28.31.81

5.98.55

1.01

78.69.30

3.91

8,7945,9611,454

732.151.7

120.1

7,3685,7571,611

' 6, 226- 4, 483

1,743

56, 43743, 78112, 656

083

1,4914.7

90.7160. 82

«• 198. 24,01953.7

923.6878.1775.1740.5148.5137.6

30.31.91

7.23.42.70

108. 55.22

10.43

8,3765, 6021,222

808.256.3

136.8

8,0436,0861,957

8,3782,8665, 512

56, 61840, 42616, 192

083

1,4974.8

91. 5861.19

134.93,085

42.9

797.3758.1651.2625.0146.1133.1

21.96.89

7.08.46.88

102. 30.21

6.70

8,2085,5351,739

616.146.4

113.2

7,2175,9291,288

2,0551,743

312

51, 45038, 94312, 507

083

1,4965.0

91.7261.31

53.3

660.2628.0525.6501.9134.6126.2

14.19.84

6.57.51

1.09

79.52.33

5.49

538.945.2

108.9

8,1016,0482,053

3,4202,970

450

46, 19735, 29310, 904

083

1,4985.1

91.9961.42

2 836. 8

2683.22 153. 6

r Revised. l See note "O" for p. S-21. 2 Preliminary estimate of production.3 Beginning Jan. 1965, data exclude exports of incomplete (unassembled) vehicles.4 See note " §." 5 Annual total includes revisions not distributed by months.JMonthly revisions for 1963-64 are available upon request.9 Total includes backlog for nonrelated products and services and basic research.©Data include military-type planes shipped to foreign governments.

*New series. Monthly data prior to 1965 are available upon request.OCourtesy of R. L. Polk & Co.; republication prohibited.§Excludes railroad-owned private refrigerator cars and private line cars. Effective Apr.

1966, data include cars owned by three class II roads (over 2,600 cars end of Apr. 1966). Also,change in definition of class I railroads, as stated in 1965 BUSINESS STATISTICS note, is reflectedin figures beginning Dec 1965, instead of Jan. 1965.


INDEX TO CURRENT BUSINESS STATISTICS, Pages S1-S40

SECTIONS

General:Business indicatorsCommodity pricesConstruction and real estateDomestic trade

Employment and populationFinanceForeign trade of the United States.. .Transportation and communications.

Industry:Chemicals and allied productsElectric power and gasFood and kindred products; tobacco.Leather and products

Lumber and productsMetals and manufacturesPetroleum, coal, and products.. . .Pulp, paper, and paper products..

Rubber and rubber productsStone, clay, and glass products. . .Textile productsTransportation equipment

1-77,89,1010-12

12-1616-2121-2323,24

2526

26-3030,31

3132-3435,3636,37

3738

38-4040

INDIVIDUAL SERIESAdvertisingAerospace vehiclesAgricultural loansAir carrier operationsAircraft and partsAlcohol, denatured and ethyl.. .Alcoholic beveragesAluminumApparelAsphalt and tar productsAutomobiles, etc. . . .

10,11,16401623

3,6,13-15,4025

8,10,2623,33

1,3,4,7,8,10-15,4035,36

1,3-S, 10,11,13-15,19,22,40

Balance of international payments 2Banking 16,17Barley 27Barrels and drums 33Battery shipments 34Beef and veal 28Beverages 4,8,10,26Blast furnaces, steel works etc 5,6,13-15Bonds, outstanding, issued, prices, sales, yields.. . . 18-20Brass and bronze 33Brick 38Broker's balances 20Building and construction materials . 5,6,8,10, 31, 36,38Building costs 9,10Building permits 9Business incorporations (new), failures 7Business sales and inventories 4,5Butter 27

Cans (tinplate)CarloadingsCattle and calvesCement and concrete products.Cereal and bakery products

332428

8-10, 388

Chain-store sales, firms with 11 or more stores.. . 12Cheese 27Chemicals 4-6,8,13-15,19,22, 25Cigarettes and cigars 8, 30Civilian employees, Federal 14Clay products 8, 38Coal 4,8,13-15,22,24,35Cocoa 23,29Coffee 23,29Coke . 24, 35Communications 2,13-15,20,24Confectionery, sales 29Construction:

Contracts 9Costs 9,10Employment hours, earnings, wages 13-16Fixed investment, structures 1Highways and roads 9,10Housing starts 9New construction put in place 9

Consumer credit 17,18Consumer expenditures 1Consumer goods output, index 3, 4Consumer price index 7Copper 23, 33Corn 27Cost of living (see Consumer price index) 7Cotton, raw and manufactures 7,8,22,38,39Cottonseed cake and meal and oil 30Credit, short- and intermediate-term 17,18Crops 3,7,27,28, 30, 38Crude oil and natural gas 4,13-15,35Currency in circulation 19

Dairy products 3,7,27Debits, bank 16Debt, U.S. Government 18Department stores 11,12,17Deposits, bank 16,17,19Disputes, industrial 16Distilled spirits 26Dividend payments, rates, and yields 2, 3,18-21Drug stores, sales 11,12

Earnings, weekly and hourly 14-16Eating and drinking places 11,12Eggs and poultry 3, 7,29Electric power 4,8,26Electrical machinery and equipment 3,

5,6,8,13-15,19,22,34Employment estimates 12-14Employment Service activities 16Expenditures, U.S. Government 18Explosives 25Exports (see also individual commodities).... 1,2,21-23Express operations 23

Failures, industrial and commercial 7Fans and blowers 34Farm income, marketings, and prices 2, 3,7Farm wages 16Fats and oils 8,22,29,30Federal Government finance 18Federal Reserve banks, condition of 16Federal Reserve member banks 17Fertilizers 8,25Fire losses 10Fish oils and fish 29Flooring, hardwood 31Flour, wheat 28Food products 1,4-8,10,11,13-15,19,22,23,27-30Foreclosures, real estate 10Foreign trade (see also individual commod.) 21-23Foundry equipment 34Freight carloadings 24Freight cars (equipment) 4,40Fruits and vegetables 7,8,22Fuel oil 35,36Fuels 4,7, 8, 22,35, 36Furnaces 34Furniture 3,4,8,11-15,17Furs. 23

Gas, output, prices, sales, revenues 4,8,26Gasoline 1,35,36Glass and products 38Glycerin 25Gold 19Grains and products 7,8,22,24,27,28Grocery stores 11,12Gross national product 1Gross private domestic investment 1Gypsum and products 8,38

Hardware stores 11Heating equipment 8,34Hides and skins 8,30Highways and roads 9,10Hogs 28Home Loan banks, outstanding advances 10Home mortgages 10Hosiery 40Hotels 14,15,24Hours of work per week 14Housefurnishings 1,4,7,8,10-12Household appliances and radios 4,8,11, 34Housing starts and permits 9

Imports (see also individual commodities) 1,22,23Income, personal 2, 3Income and employment tax receipts 18Industrial production indexes:

By industry 3,4By market grouping 3, 4

Installment credit 12,17,18Installment sales, department stores 12Instruments and related products 3, 5,13—15Insurance, life 18,19Interest and money rates 17Inventories, manufacturers' and trade 4-6,11,12Inventory-sales ratios 5Iron and steel 3, 5,6,8,10,13-15,19,22, 23,32, 33

Labor advertising index, disputes, turnover.Labor forceLamb and muttonLardLead.

1612282833

Leather and products 3,8,13-15, 30, 31Life insurance 18,19Linseed oil 30Livestock 3,7,8,24,28Loans, real estate, agricultural, bank, brokers'

(see also Consumer credit) 10,16,17, 20Lubricants 35,36Lumber and products 3,8,10-15,19,31

Machine toools 34Machinery 3, 5,6,8,13-15,19,22, 34Mail order houses, sales 11Manmade fibers and manufactures 8, 39Manufacturers' sales (or shipments), inventories,

orders.. 4-6Manufacturing employment, production workers,

payrolls, hours, earnings 13-15Manufacturing production indexes 3, 4Margarine 29Meat animals and meats 3, 7,8,22,28Medical and personal care 7Metals 3-6,8,13-15,19, 22,23,32-34Milk 27Mining and minerals 2-4,8,13-15,19,20Monetary statistics 19Money supply 19Mortgage applications, loans, rates 10,16,17Motor carriers 23,24Motor vehicles 1,3-8,10,11,13-15,19,22, 40Motors and generators 34

National defense expenditures 1,18National income and product 1,2National parks, visits 24Newsprint 23,37New York Stock Exchange, selected data 20,21Nonferrous metals 3,8,19,23,33,34Noninetallment credit 17,18

Oats 27Oil burners 34Oils and fats 8,22,29,30Orders, new and unfilled, manufactures' 6Ordnance 13-15

Paint and paint materials 8,25Panama Canal traffic 24Paper and products and pulp 3,

5,6,8,13-15,19,23,36,37Parity ratio 7Passports issued 24Payrolls, indexes 14Personal consumption expenditures 1Personal income 2,3Personal outlays 2Petroleum and products 4-6,

8,11,13-15,19,22,23,35,36Pig iron 32Plant and equipment expenditures 2,20Plastics and resin materials 25Population 12Pork 28Postal savings 17Poultry and eggs 3,7,29Prices (see also individual commodities) 7,8Printing and publishing 4,13-15Profits, corporate . . '. . . 2,19Public utilities 2-4, 7-9,1S-15,19-21Pullman Company 24Pulp and pulpwood 36Purchasing power of the dollar 8

Radiators and convectors 34Radio and television 4,8,10,11,34Railroads 2,13,14,16, 20, 21, 24, 40Railways (local) and bus lines 13-15,23Rayon and acetate 39Real estate 10,17,18Receipts, U.S. Government 18Recreation 7Refrigerators and home freezers 34Rent (housing) 7Retail trade 4,5,7,11-15,17,18Rice 27Roofing and siding, asphalt 36Rubber and products (incl. plastics) 4-6,

8,13-15,23,37

Saving, personal 2Savings deposits 17Securities issued 19,20Security markets . 20,21Services 1,7,13-15Sheep and lambs 28Shoes and other footwear 8,11,12, 31Silver 19Soybean cake and meal and oil 30Spindle activity, cotton 39Steel ingots and steel manufactures 32,33Steel scrap 32Stock prices, earnings, sales, etc 20,21Stone, clay, glass products 3-5,8,13-15,19,38Stoves and ranges 34Sugar 23,29Sulfur. 25Sulfuric acid 25Superphosphate 25

Tea imports 29Telephone, telegraph, cable, and radiotelegraph

carriers 13-15,24Television and radio 4,8,10,11,34Textiles and products 3, 5,6,8,13-15,19,22,38-40Tin 23,33Tires and inner tubes 8,11,12, 37Tobacco and manufactures 4-8,10,13-15,22,30Tractors 22, 34Trade (retail and whoelsale) 4, 5,11,12Transit lines, local 14,15,23Transportation 1, 2,7,13-15,23, 24Transportation equipment 3-6,13-15,19, 40Travel 23,24Truck trailers 40Trucks (industrial and other) 34, 40

Unemployment and insurance. . . .U.S. Government bondsU.S. Government financeUtilities

12,1616-18,20

182-4,9,13-15,19-21,26

Vacuum cleaners 34Variety stores 11,12Vegetable oils 30Vegetables and fruits 7,8,22Vessels cleared in foreign trade 24Veterans' benefits . 16,18

Wages and salaries 2,3,14-16Washers and driers 34Water heaters 34Waterway traffic 24Wheat and wheat flour 28Wholesale price indexes 8Wholesale trade 4, 5, 7,13-15Wood pulp 36Wool and wool manufactures 7,8,23, 39

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