g123_19420120.pdf
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BOARD OF GOVERNORS OF TEE SEBERAL RESERVE SY2TBM REC'D IN FILES SECTION f M H 5 "6^- » J For release 1B morning papers itcdsu sdi~y, Jmu ry 21, 1942 R&g BI - 209 January 20, 1942 BUSINESS INDEXES y 1935-39 average * 100 for industrial production and freight-car loadings 5 1923-25 average » 100 for all other series Adjusted for seasonal variation Without seasonal adjustment Annual indexes 1941 1 1940 1941 1940 Annual indexes Dec, 1 Nov. 1 Dec. Dec,, t Nov* Dec. 1941 [ 1940 Industrial production 123 Total pl6S 166 139 pi 65 167 136 pl56 123 Manufactiires Total pl75 172 142 pl72 172 140 pl61 124 Durable p215 209 164 p212 209 164 p!93 158 Nondurable pl42 143 124 pl39 143 121 ' pl25 113 Minerals pi 30 131 118 p i 24 135 113 pi 25 117 Construction contracts, value Total pi 33 138 115 pl06 122 93 pi 23 81 Residential p68 74 90 p£8 71 77 p89 72 All other* pi 86 189 136 pl45 163 106 pl51 69 Factory employment Total • 134.3 116.6 * 134.7 116,2 pl28 108 Durable goods * 143.7 117.6 * 144.6 117.6 pl 34 104 Nondurable goods * 125.4 116.7 • * 125.3 114.8 pi 22 111 Factory payrolls Total e # < • * * 165.2 122.4 pl49 105 Durable goods • # #: * 190.3 131.6 P 168 106 Nondurable goods •* • • • 137.2 112.1 pl27 103 Freight-car loadings 137 1313 119 128 141 112 130 109 Department store sales. value pllO 116 101 ! pl95 132 179 pllO 94 Department store stocks ,value * 96 71 .. * 110 66 d83 i 69 ^•.preliminary or estimated, * Data not yet available. NoteProduction, earlo&dings, and department store sales indexes based on daily averages. To convert durable manufactures, nondurable manufactures, and minerals indexes to points in total index, shown in Federal Reserve Chart Book, multiply durable by .379, nondurable by *469, and minerals by *152, Construction contract indexes based on 3-month moving averages, centered at second month, of F. W* Dodge data for 37 Eastern states # To convert indexes to value figures, shown in the Federal Reserve Chart Book, multiply total by $410,- 269,000, residential by £184,137,000, and a l l other by $226,132,000. Employment index, without seasonal adjustment, and payrolls index compiled by Bureau of Labor S t a t i s t i c s . Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Transcript of g123_19420120.pdf
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BOARD OF GOVERNORS OF TEE SEBERAL RESERVE SY2TBM
REC'D IN FILES SECTION f M H 5 "6^-
J For re lease 1B morning papers itcdsu sdi~y, Jmu ry 21, 1942
R&g BI - 209 January 20, 1942
BUSINESS INDEXES y
1935-39 average * 100 for industr ia l production and f re ight -car loadings 5 1923-25 average 100 for a l l other s er i e s
Adjusted for seasonal var iat ion
Without seasonal adjustment Annual indexes 1941 1 1940 1941 1940
Annual indexes
Dec, 1 Nov. 1 Dec. Dec, , t Nov* Dec. 1941 [ 1940
Industrial production 123 Total pl6S 166 139 pi 65 167 136 pl56 123
Manufactiires Total pl75 172 142 pl72 172 140 pl61 124 Durable p215 209 164 p212 209 164 p!93 158 Nondurable pl42 143 124 pl39 143 121 ' pl25 113
Minerals pi 30 131 118 pi 24 135 113 pi 25 117 Construction contracts , value
Total pi 33 138 115 pl06 122 93 pi 23 81 Residential p68 74 90 p8 71 77 p89 72 Al l other* pi 86 189 136 pl45 163 106 pl51 69
Factory employment Total 134.3 116.6 * 134.7 116,2 pl28 108 Durable goods * 143.7 117.6 * 144.6 117.6 pl 34 104 Nondurable goods * 125.4 116.7 * 125.3 114.8 pi 22 111
Factory payrol ls Total e # < * * 165.2 122.4 pl49 105 Durable goods # #: * 190.3 131.6 P168 106 Nondurable goods * 137.2 112.1 pl27 103
Freight-car loadings 137 1313 119 128 141 112 130 109
Department s tore s a l e s . value pllO 116 101 ! pl95 132 179 pllO 94
Department store stocks ,value * 96 71 .. * 110 66 d83 i
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^.preliminary or estimated, * Data not yet a v a i l a b l e . N o t e P r o d u c t i o n , earlo&dings, and department store s a l e s indexes based on dai ly
averages. To convert durable manufactures, nondurable manufactures, and minerals indexes to points in t o t a l index, shown in Federal Reserve Chart Book, mu l t ip ly durable by .379, nondurable by *469, and minerals by *152,
Construction contract indexes based on 3-month moving averages, centered at second month, of F. W* Dodge data f o r 37 Eastern s t a t e s # To convert indexes t o value f i g u r e s , shown i n the Federal Reserve Chart Book, multiply to ta l by $410,-269,000, res ident ia l by 184,137,000, and a l l other by $226,132,000.
Employment index, without seasonal adjustment, and payrol ls index compiled by Bureau of Labor S t a t i s t i c s .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
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2. INDUSTRIAL PRODUCT 10*1
(19:5-39 average - 100)
pPreliminary or estimated.
seascL uFted for I i i variation j
VJi-.hor t s^.sor.al oA.Mr Arjiual ir -4 *a % 6
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INDUSTRIAL PRODUCTION (1935-39 average * 100)
Adjusted for seasonal variat ion
Without seasonal adjustment Annual indexes 1941 1940 1941 1940
Annual indexes
Dec. Nov. Dec. Dec. | Nov. Dec. 15,41 i 1940
mVFACTURfcS (Cont'd) Petroleum and coal products * 135 120 # 134 l i s pi 28 116
Petroleum re f in i rg * 132 116 * 131 115 pl24 113 Gasoline 134 U S * 135 112 pi 25 112 Fuel o i l * 12S 120 * 130 122 pi 24 116 Lubricating o i l * 137 107 * 137 IOC pi 24 115 Kerosene * 123 130 # 126 131 pU7 119
Beehive coke p482 ' . 0 376 p482 410 37B p394 189 Chemicals pl53 1^9 121 pi 54 151 122 pl39 114
Fuels pl2V 128 114 pi 23 130 l i e pi 21 114 Eitumiiious coal pi 4 125 116 pl33 143 127 pi 26 114 Amtljracite p88 97 108 pS4 99 115 pl06 101 Crude petroleum plSl 132 114 pi 28 128 111 pi 20 IIS
i e t a l s pl52 150 147 plOO 164 98 pl49 134 Iron ore 19f 200 166 .. 231 1S7 158 Copper pi 4 152 146 plE5 156 146 pl3 142 Lead * 127 116 * 128 116 p l l 9 116
^^-Preliminary or estimated. * Data not yet avikilable.
FR2IJliT-C*R LOADINGS (1935-39 average =s 100)
*oal I l l 121 107 125 135 121 123 111 :oke 167 159 153 182 168 167 168 137 rain 124 118 96 113 115 87 112 101
livestock 101 ^3 96 97 117 92 91 96 orest products 14 146 133 129 143 119 139 114 ire 24c 204 rl65 b9 199 46 183 147 liseellaneous 14? 144 125 13 150 116 136 110 brchaadlse, l . c . l . 100 99 99 96 101 95 100 96
^Ae v i sed . lotesTo convert coal and miscellaneous indexes t o po in t s in t o t a l Index, mul t ip ly
coal by *215 and miscellaneous by *648*
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
