N a tio n a l E c o n o m ic Tre n d s - St. Louis Fed · 1-84 4.7 4.8 5.2 4.2 3.9 4.1 3.9 4.9 3.5...
20
N ational Econom ic Trends Domestic investment has been unusually strong in recent years, despite the ballooning of the federal government deficit since 1981. Increased deficits are typically expected to crowd out domestic investment. The table below shows components of gross investment and saving for the third quarter of this year and for 1981. The civilian unemployment rate was about the same in both periods— 7.6 percent in 1981 and 7.5 percent recently. Gross private domestic investment rose sharply from 16.4 percent to 17.9 percent of GNP over the period. In part, this was financed by a massive reduction in net foreign investment (which includes reduced foreign investment by U.S. residents and increased investment in the U.S. by foreigners). The explosion in the federal deficit was offset by an even larger increase in private saving and by a slight increase in the state a fid local government surplus. Gross private saving, which includes the undistributed cash flow of business and personal saving, rose sharply as a share of GNP. The recent strength of domestic investment masks a considerable degree of crowding-out. The decline in net foreign investment of 3.4 percent of GNP and the rise in private saving of 1.4 percent of GNP could have financed a rise in private domestic investment of 4.8 percent of GNP instead of the actual 1.5 percent increase. The increase in the total government deficit of 2.7 percent of GNP soaked up most of the difference. Gross Investment and Saving (National Income and Product Accounts) 1981 III/1984 Billions Percent Billions Percent Change of dollars of GNP of dollars of GNP from 198 Gross Investment!./ $490.0 16.6% $545.1 14.8% $ 55.1 Private domestic investment 484.2 16.4 662.3 17.9 178.1 Net foreign investment 5.8 0.2 -117.1 -3.2 -122.9 Gross Saving!/ 484.3 16.4 555.5 15.0 71.2 Federal government surplus/deficit -64.3 -2.2 -176.9 -4.8 -112.6 State and local government surplus 37.6 1.3 45.8 1.2 8.2 Private saving 509.9 17.2 686.7 18.6 176.8 V Gross investment equals gross saving plus the statistical discrepancy (not shown). Gross saving includes net capital grants to the U.S. —John A. Tatom THE FEDERAL Views expressed do not necessarily reflect official positions of the Federal Reserve System. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
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Transcript of N a tio n a l E c o n o m ic Tre n d s - St. Louis Fed · 1-84 4.7 4.8 5.2 4.2 3.9 4.1 3.9 4.9 3.5...
N a t i o n a l E c o n o m i c T r e n d s
D o m e s t i c i n v e s t m e n t h a s b e e n u n u s u a l l y s t r o n g i n r e c e n t y e a r s , d e s p i t e t h e b a l l o o n i n g o f t h e
f e d e r a l g o v e r n m e n t d e f i c i t s i n c e 1 9 8 1 . I n c r e a s e d d e f i c i t s a r e t y p i c a l l y e x p e c t e d t o c r o w d o u t
d o m e s t i c i n v e s t m e n t . T h e t a b l e b e l o w s h o w s c o m p o n e n t s o f g r o s s i n v e s t m e n t a n d s a v i n g f o r t h e t h i r d
q u a r t e r o f t h i s y e a r a n d f o r 1 9 8 1 . T h e c i v i l i a n u n e m p l o y m e n t r a t e w a s a b o u t t h e s a m e i n b o t h
p e r i o d s — 7 . 6 p e r c e n t i n 1 9 8 1 a n d 7 . 5 p e r c e n t r e c e n t l y .
G r o s s p r i v a t e d o m e s t i c i n v e s t m e n t r o s e s h a r p l y f r o m 1 6 . 4 p e r c e n t t o 1 7 . 9 p e r c e n t o f G N P o v e r
t h e p e r i o d . I n p a r t , t h i s w a s f i n a n c e d b y a m a s s i v e r e d u c t i o n i n n e t f o r e i g n i n v e s t m e n t ( w h i c h
i n c l u d e s r e d u c e d f o r e i g n i n v e s t m e n t b y U . S . r e s i d e n t s a n d i n c r e a s e d i n v e s t m e n t i n t h e U . S . b y
f o r e i g n e r s ) . T h e e x p l o s i o n i n t h e f e d e r a l d e f i c i t w a s o f f s e t b y a n e v e n l a r g e r i n c r e a s e i n p r i v a t e
s a v i n g a n d b y a s l i g h t i n c r e a s e i n t h e s t a t e a f i d l o c a l g o v e r n m e n t s u r p l u s . G r o s s p r i v a t e s a v i n g , w h i c h
i n c l u d e s t h e u n d i s t r i b u t e d c a s h f l o w o f b u s i n e s s a n d p e r s o n a l s a v i n g , r o s e s h a r p l y a s a s h a r e o f G N P .
T h e r e c e n t s t r e n g t h o f d o m e s t i c i n v e s t m e n t m a s k s a c o n s i d e r a b l e d e g r e e o f c r o w d i n g - o u t . T h e
d e c l i n e i n n e t f o r e i g n i n v e s t m e n t o f 3 . 4 p e r c e n t o f G N P a n d t h e r i s e i n p r i v a t e s a v i n g o f 1 . 4 p e r c e n t
o f G N P c o u l d h a v e f i n a n c e d a r i s e i n p r i v a t e d o m e s t i c i n v e s t m e n t o f 4 . 8 p e r c e n t o f G N P i n s t e a d o f
t h e a c t u a l 1 . 5 p e r c e n t i n c r e a s e . T h e i n c r e a s e i n t h e t o t a l g o v e r n m e n t d e f i c i t o f 2 . 7 p e r c e n t o f G N P
s o a k e d u p m o s t o f t h e d i f f e r e n c e .
G r o s s I n v e s t m e n t a n d S a v i n g ( N a t i o n a l I n c o m e a n d P r o d u c t A c c o u n t s )
1 9 8 1 I I I / 1 9 8 4
B i l l i o n s P e r c e n t B i l l i o n s P e r c e n t C h a n g e
o f d o l l a r s o f G N P o f d o l l a r s o f G N P f r o m 1 9 8
G r o s s I n v e s t m e n t ! . / $ 4 9 0 . 0 1 6 . 6 % $ 5 4 5 . 1 1 4 . 8 % $ 5 5 . 1
P r i v a t e d o m e s t i c i n v e s t m e n t 4 8 4 . 2 1 6 . 4 6 6 2 . 3 1 7 . 9 1 7 8 . 1
N e t f o r e i g n i n v e s t m e n t 5 . 8 0.2 - 1 1 7 . 1 - 3 . 2 - 1 2 2 . 9
G r o s s S a v i n g ! / 4 8 4 . 3 1 6 . 4 5 5 5 . 5 1 5 . 0 7 1 . 2
F e d e r a l g o v e r n m e n t s u r p l u s / d e f i c i t - 6 4 . 3 - 2 . 2 - 1 7 6 . 9 - 4 . 8 - 1 1 2 . 6
S t a t e a n d l o c a l g o v e r n m e n t s u r p l u s 3 7 . 6 1 . 3 4 5 . 8 1.2 8.2P r i v a t e s a v i n g 5 0 9 . 9 1 7 . 2 6 8 6 . 7 1 8 . 6 1 7 6 . 8
V G r o s s i n v e s t m e n t e q u a l s g r o s s s a v i n g p l u s t h e s t a t i s t i c a l d i s c r e p a n c y ( n o t s h o w n ) . G r o s s s a v i n g
i n c l u d e s n e t c a p i t a l g r a n t s t o t h e U . S .
— J o h n A . T a t o m
T H E F E D E R A L
V i e w s e x p r e s s e d d o n o t n e c e s s a r i l y r e f l e c t o f f i c i a l p o s i t i o n s o f t h e F e d e r a l R e s e r v e S y s t e m .Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
T O T A L C I V I L I A N E M P L O Y M E N TCOMPOUNDED ANNUAL RATES Of CMA*fi.E
T E R M I N A L I N I T I A L M O N T H T H O U S A N D S
M O N T H O F P E R S O N S
3 - 8 3 4 - 8 3 5 - 8 3 _ i e â 2 _ 7 - 8 3 5 - 6 3 9 - 8 3 1 0 - 8 3 1 1 - 8 3 1 2 - 8 3 1 - 8 4 2 - 8 4 3 - 8 4 4 - 8 4 5 - 8 4 6 - 8 4 X - S 4 . 8 - 8 4 9 - 8 4
4 - 0 3 3 . 6 9 9 , 6 0 6
5 - 8 3 2 * 7 JL iS L 9 9 , 7 6 2
5 . 9 12 * ? _ 1 0 0 * 7 4 3
7 - 8 3 5 . 9 6 . 7 9 . 1 5 , 9 1 0 1 « 2 2 5
8 - 8 3 5 * 3 5 . 8 7 . 1 4 . 5 3 . 1 1 0 1 , 4 8 4
9 - 8 3 5 . 2 5 . 6 6 . 5 4 . 6 3 . 9 4 . 7 1 0 1 , 8 7 6
1 0 - 8 3 4 . 6 4 . 8 5 . 4 3 . 7 3 . 0 2 . 9 1 . 1 1 0 1 , 9 7 0
1 1 - 8 3 5 * Q 5 . 2 5 . 8 4 . 5 4 . 1 4 * 5 4 . 4 7 » 7 1 0 2 , 6 0 6
1 2 - 8 3 4 . 9 5 . 1 5 . 5 4 . 4 4 . 1 4 . 4 4 . 2 5 * 9 4 . 0 1 0 2 , 9 4 1
1 - 8 4 4 . 7 4 . 8 5 . 2 4 . 2 3 . 9 4 . 1 3 . 9 4 . 9 3 . 5 2 . 9 1 0 3 , 1 9 0
2 - 8 4 5 . 0 5 . 2 5 . 6 4 . 7 4 . 6 4 . 8 4 . 8 5 . 8 5 . 1 5 . 7 8 . 5 1 0 3 , 8 9 2
_ _ 3 - 8 4 4 . 9 5 . 0 5 . 3 4 . 5 4 . 4 4 . 5 4 . 5 5 . 2 4 . 6 4 . 7 5 . 7 2 . 9 1 0 4 , 1 4 0
4 - 8 4 4 . 7 4 . 8 5 . 1 4 . 4 4 . 2 4 . 3 4 . 3 4 . 8 4 . 3 4 . 3 4 . 8 3 . 0 3 . 1 1 0 4 , 4 0 2
. 5 - 8 4 5 . 1 5 . 3 5 . 5 4 . 9 4 . 8 5 . 0 5 . 1 5 . 6 5 . 3 5 . 6 6 . 2 5 . 5 6 . 8 1 0 . 7 1 0 5 , 2 8 0
6 - 8 4 5 . 1 5 . 3 5 . 5 5 . 0 4 . 9 5 . 1 5 . 1 5 . 6 5 . 3 5 . 5 6 . 1 5 . 5 6 . 3 8 . 0 5 . 4 1 0 5 , 7 4 8
7 - 8 4 4 . 6 4 * 6 4 . 8 4 . 3 4 . 1 4 . 2 4 . 2 4 . 5 4 . 1 4 . 1 4 . 3 3 . 5 3 . 7 3 . 9 0 . 6 - 3 . 9 1 0 5 , 3 9 5
8 - 8 4 4 . 0 4 . 0 4 . 2 3 . 6 3 . 4 3 . 4 3 . 3 3 . 5 3 . 1 3 . 0 3 . 0 2 . 1 1 . 9 1 . 6 - 1 . 2 - 4 . 3 - 4 . 7 1 0 4 , 9 6 9
9 - 8 4 3 . 9 4 . 0 4 . 1 3 . 6 3 . 4 3 . 4 3 . 3 3 . 5 3 . 1 3 . 0 3 . 0 2 . 2 2 . 1 1 . 9 - 0 . 1 - 1 . 9 - 0 . 9 3 . 1 1 0 5 , 2 3 9
1 0 - 8 4 3 . 9 4 . 0 4 . 1 3 . 6 3 . 4 3 . 5 3 . 4 3 . 5 3 . 2 3 . 1 3 . 1 2 . 5 2 . 4 2 . 3 0 . 7 - 0 . 5 0 . 7 3 . 6 4 , 0 1 0 5 , 5 8 6
3 - 8 3 4 - 8 3 5 - 8 3 6 - 8 3 7 - 8 3 8 - 0 3 9 - 8 3 1 0 - 8 3 1 1 - 8 3 1 2 - 8 3 1 - 8 4 2 - 8 4 3 - 8 4 4 - 8 4 5 - 8 4 6 - 0 4 7 - 8 4 8 - 0 4 9 - 6 4
Ï N T f Ï A T MON t i n
PAYROLL EMPLOYMENT .COMPOUNDED ANNUAL RATES J1F-CHANGE
TERMINAL__________________________________________________________________ IN IT IA L MONTH____________________________________________________________________ THOUSANDSM O N T H
3 - 8 3 4 - 8 3 5 - 0 3 6 - 8 3 7 - 8 3 8 - 8 3 9 - 8 3 1 0 - 8 3 1 1 - 8 3 1 2 - 8 3 1 - 8 4 2 - 8 4 3 - 8 4 4 - 8 4 5 - 6 4 6 - 6 4 7 - 8 4 8 - 8 4 9 - 8 4O F P E R S O N S
4 - 8 3 4 . 3 8 9 , 2 5 9
5 - 8 3 4 . 3 4 . 4 8 9 , 5 7 8
6 - 8 3 4 . 5 4 . 6 4 . 8 8 9 , 9 2 7
7 - 0 3 4 . 5 4 . 6 4 . 0 4 . 7 9 0 , 2 7 4
1 . 5 - 0 . 1 - 4 . 6 8 9 , 9 1 8
4 . 7 4 . 8 4 . 9 4 . 9 5 . 0 1 5 . 7 9 1 , 0 1 8
1 0 - 8 3 4 . 7 4 . 7 4 . 8 4 . 8 4 . 8 9 . 9 4 . 4 9 1 , 3 4 5
1 1 - 8 3 4 . 7 4 . 7 4 * 6 4 . 6 4 . 8 8 . 1 4 , 5 4 . 6 9 1 , 6 8 8
1 2 - 8 3 4 . 6 4 . 7 4 . 7 4 . 7 4 . 7 7 * 2 4 . 5 4 . 6 4 . 5 9 2 , 0 2 6
1 - 8 4 4 . 7 4 . 7 4 . 7 4 . 7 4 . 7 6 . 7 4 . 6 4 . 7 4 . 7 4 . 9 9 2 , 3 9 1
2 - 0 4 4 . 8 4 . 0 4 . 9 4 . 9 4 . 9 6 * 6 4 . 9 5 . 0 5 . 1 5 . 5 6 . 1 9 2 , 8 4 6
3 - 8 4 4 . 6 4 . 7 4 * 7 4 . 7 4 . 7 6 . 1 4 . 5 4 * 6 4 . 5 4 . 6 4 . 4 2 . 8 9 3 , 0 5 8
4 - 6 4 4 . 7 4 * 7 4 * 7 4 * 7 4 * 7 5 * 9 4 * 6 4 . 7 4 . 7 4 . 7 4 . 7 4 . 0 5 . 2 9 3 , 4 4 9
.. 1 - 6 4 _ _ 4 , 6 . 4 * 7 4 * 1 _ 4 * J _ 4 * 7 5 * 8 4 . 6 4 * 6 4 . 6 4 . 7 4 . 6 4 . 1 4 . 8 4 . 4 9 3 , 7 8 6
... f c . T « 4 - _ A * A _ 4 * 1 4 . 7 5 * 7 4 * * 4 . 6 4 . 6 4 * 6 4 . 6 4 . 2 4 . 7 4 . 5 4 . 6 9 4 , 1 3 5
.. . . . 7 _ - 6 4 4 . 5 . 4 . 5 . - . 4 , 5 4 . 5 4 * 5 5 . 4 4 * 4 4 . 4 4 . 4 4 . 4 4 . 3 3 . 9 4 . 2 3 . 9 3 . 7 2 . 8 9 4 , 3 5 0
_ _ 6 r M _ _ 4 4 . 4 4 * 4 4 * 4 4 . 3 5 . 1 * * ? 4 . 2 4 . 1 4 . 1 4 . 0 3 . 6 3 . 8 3 . 5 3 . 2 2 . 5 2 . 2 9 4 , 5 2 3
9 - 6 4 4 t ? _ 4 * 3 4 . 3 4 . 3 5 . 0 4 . 1 4 . 1 4 . 0 4 . 0 3 . 9 3 . 5 3 . 7 3 . 4 3 . 1 2 . 7 2 . 6 3 . 0 9 4 , 7 5 4 P
. 1 9 - 6 4 . 4 * 4 „ 4 * 4 _ 4 . 4 4 , 4 4 . 3 5 , 0 4 . 2 4 . 2 4 . 2 4 . 1 4 . 1 3 . 6 4 . 0 3 . 8 3 . 6 3 . 4 3 . 6 4 . 3 5 . 7 9 5 , 1 9 5 P
3 - 8 3 4 - 0 3 5 - 6 3 6 - 6 3 7 - 6 3 8 - 6 3 9 - 6 3 1 0 - 6 3 1 1 - 6 3 1 2 - 6 3 1— 6 4 2 - 6 4 3 - 6 4 4 - 6 4 5 - 6 4 6 - 8 4 7 - 3 4 " 6 - 5 4 9 — 8 4
I N I T I A L M O N T H
P - P R E L I M I N A R Y ~
— -------- ---------------------------------PRiPÀJtf0"5V ?É&#ftÀL ftËSÉRVÉ 6AMK OP ST. LOUISN O V E M B E R 2 » 1 9 8 4
2Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
E M P L O Y M E N T
RATIO SCALEMILLIONS OF PERSONS S E A S O N A L L Y A D J U S T E D
I 10
105
1 0 0
RATIO SCALEMILLIONS OF PERSONS
1 1 5
1976 1977 1978 1979 1980 1981 1982 1983 1984SOURCEt U . S . D E P A R T M E N T OF LABOR
P ER C EN TA G E S ARE ANNUAL R A T E S OF CHANGE FOR P E R I O D S I N D I C A T E D .
L A T E S T DA TA P L O T T E D » OC TOB ER P R E L I M I N A R Y
PREPARED BY F E DE RA L R E SE RV E BANK OF S T . L O U I S
95
90
85
80
75
70
PERCENT
I 1 .
1 0 .
9.
8 .
7.
6 .
5.
4.
U N E M P L O Y M E N T R A T E
SEASONALLY ADJUSTED PERCENT 1 2 . 0
I I . 0
1 0 . 0
9 .0
8 . 0
7 .0
6 . 0
5 .0
1976 1977 1978 1979 1980 1981 1982 1983 1984S OURCEt O . S . DE PAR TM EN T OF LABOR
4 .0
P ER C EN T OF C I V I L I A N LABOR FORCE
L A T E S T DA TA P L O T T E D . OCTOB ER
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS
3Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
T E R M I N A L __________________ I N I T I A L M O N T H ____________________________________________________________________ _____________ 1 9 6 7 * 1 0 0M O N T H ~
C O N S U M E R P R I C E I N D E X F O R A L L U R B A N C O N S U M E R S , S E A S O N A L L Y A D J U S T E D____ __________________________________________________________________ c o m p o u n d e d a n n u a l r a t e s o f c h a n g e ________________________________________________________ ____________________
3 - 8 3 4 - 6 3 5 - 8 3 6 - 8 3 7 - 8 3 8 - 8 3 9 - 8 3 1 0 — 8 3 1 1 - 9 3 1 2 - 3 3 1 - 8 4 2 - 9 4 3 - 8 4 4 - 8 4 5 - 8 4 6 - 0 4 7 - 8 4 8 - 8 4 9 - 8 4
4 - 8 3 0 . 5
5 - 8 3 6 . 9 5 . 4
6 - 8 3 5 . 4 3 . 9 2 . 5
7 - 8 3 5 . 2 4 . 1 3 . 5 4 . 5 2 9 8 . 7
8 - 8 3 5 . 1 4 . 2 3 . 8 4 . 5 4 . 5 2 9 9 . 8
9 - 8 3 5 . 0 4 . 3 4 . 0 4 . 5 4 . 5 4 . 5 3 0 0 . 9
1 0 - 8 3 5 . 0 4 . 4 4 . 2 4 . 6 4 . 6 4 . 7 4 . 9 3 0 2 - 1
1 1 - 8 3 4 . 9 4 . 4 4 . 2 4 . 6 4 . 6 4 . 6 4 . 7 4 . 5 3 0 3 . 2
1 2 - 8 3 4 . 7 4 . 2 4 . 0 4 . 3 4 . 2 4 . 2 4 . 0 3 . 6 2 . 8 ÎKL
1 - 8 4 5 . 0 4 . 6 4 . 5 4 . 8 4 . 8 4 . 9 5 . 0 5 . 0 5 . 3 7 . 8 3 0 5 . 8
2 - 8 4 4 . 9 4 . 6 4 . 5 4 . 7 4 . 8 4 . 8 4 . 9 4 . 8 5 . 0 6 . 1 4 . 4 3 0 6 . 9
3 - 8 4 4 . 7 4 . 4 4 . 3 4 . 5 4 . 5 4 . 5 4 . 5 4 . 4 4 . 4 5 . 0 3 . 6 2 . 8 3 0 7 , 6
4 - 8 4 4 . 8 4 . 5 4 . 4 4 . 6 4 . 6 4 . 6 4 . 7 4 . 6 4 . 7 5 . 1 4 . 3 4 . 2 5 . 6 3 0 9 . 0
5— 8 4 4 . 6 4 . 3 4 . 2 4 . 4 4 . 4 4 . 4 4 . 4 4 . 3 4 . 3 4 . 6 3 . 8 3 . 6 4 . 0 2 . 4 3 0 9 . 6
6 - 8 4 4 . 4 4 . 2 4 . 1 4 . 2 4 . 2 4 . 1 4 . 1 4 . 0 3 . 9 4 . 1 3 . 4 3 . 2 3 . 3 2 . 2 2 . 0 3 1 0 . 1
7 - 8 4 4 . 4 4 . 1 4 . 0 4 . 1 4 . 1 4 . 1 4 . 0 3 . 9 3 . 9 4 . 0 3 . 4 3 . 2 3 . 4 2 . 6 2 . 7 3 . 5 3 1 1 . 0
8 - 8 4 4 . 5 4 . 2 4 . 1 4 . 2 4 . 2 4 . 2 4 . 2 4 . 1 4 . 1 4 . 2 3 . 7 3 . 6 3 . 8 3 . 3 3 . 7 4 . 5 5 . 5 3 1 2 . 4
9 - 8 4 4 . 4 4 . 2 4 . 1 4 . 3 4 . 2 4 . 2 4 . 2 4 . 1 4 . 1 4 . 2 3 . 8 3 . 7 3 . 9 3 . 5 3 . 8 4 . 5 4 . 9 4 . 3 3 1 3 , 5
1 0 - 8 4 4 . 4 4 . 2 4 . 1 4 . 3 4 . 2 4 . 2 4 . 2 4 . 1 4 . 1 4 . 2 3 . 9 3 . 8 3 . 9 3 . 7 3 . 9 4 . 4 4 . 7 4 . 3 4 . 3 3 1 4 . 6
> - 8 3 4 - 8 3 5 - 9 3 6 - 8 ^ ? - 8 3 8 - 8 3 9 - 8 3 1 0 - 8 3 1 1 - 6 3 1 2 - 8 3 1 - 8 4 2 - 8 4 3 - 8 4 4 - 8 4 5 - 8 4 6 - 8 4 7 - 8 4 8 - 8 4 9 - 8 4
I N I T I A L M O N T H
P R E P A R E D B Y F È 0 E R A L R E S E R V E B A N K O F S T . L O U I S N O V E M B E R 2 1 , 1 9 8 4
P R O D U C E R P R I C E I N D E X , F I N I S H E D G O O D S - S E A S O N A L L Y A D J U S T E D * _______________________ C O M P O U N D E D A N N U A L R A T E S O F C H A N G E _______________________
T E R M I N A L I N I T I A L M O N T H 1 9 6 7 - 1 0 0M O N T H
3 - 8 3 4 - 8 3 5 - 8 3 6 - 8 3 7 - 8 3 8 - 8 3 9 - 8 3 1 0 - 8 3 1 1 - 8 3 1 2 - 8 3 1 - 8 4 2 - 8 4 3 - 8 4 4 - 0 4 5 - 8 4 6 - 6 4 7 - 8 4 8 - 8 4 9 - 8 4
4 - 8 3 - 0 . 4 2 8 3 , 3
5 - 8 3 1 . 5 3 . 4 _______ 2 8 4 . _ 1 _____
6 - 8 3 2 . 6 4 . 1 4 . 7 2 8 5 . 2
7 - 8 3 1 . 9 2 . 7 2 . 3 0 . 0 2 8 5 . 2
0 - 8 3 2 . 5 3 . 2 3 . 1 2 . 3 4 . 7 2 8 6 . 3
9 - 8 3 2 , 3 2 . 8 2 . 7 2 . 0 3 . 0 1 . 3 2 8 6 . 6
1 0 - 0 3 2 . 2 2 . 7 2 . 6 2 . 0 2 . 7 1 . 7 2 . 1 2 8 7 . 1
1 1 - 0 3 1 . 9 2 . 2 2 . 0 1 . 4 1 . 8 0 . 0 0 , 6 - 0 . 8 2 8 6 . 9
1 2 - 8 3 1 . 9 2 . 2 2 . 0 1 . 5 1 . 9 1 . 2 1 . 1 0 . 6 2 . 1 2 0 7 , 4
1 - 8 4 2 . 4 2 . 7 2 . 7 2 * 4 2 . 8 2 . 4 2 . 6 2 . 8 4 . 7 7 . 3 2 8 9 , 1
2 - 8 4 2 . 6 2 . 9 2 . 9 2 . 6 3 . 0 2 , 7 3 . 0 3 . 3 4 . 7 6 . 0 4 . 7 2 9 0 . 2
3 - 8 4 2 . 0 3 . 1 3 , 1 2 , 9 3 . 3 3 . 1 3 . 4 3 . 6 4 . 6 5 . 7 4 , 9 5 . 1 2 9 1 , 4
4 - 6 4 2 , * 2 , 9 2 , 0 2 . 6 ¿ . 9 2 . 7 2 . 9 3 . 0 3 . 8 4 . 2 3 . 2 2 . 5 0 . 0 2 9 1 * 4
5 - 8 4 2 , 3 2 , 5 2 , 5 2 , 3 2 , 5 2 , 2 2 . 4 2 . 4 2 . 9 3 . 1 2 . 1 1 . 2 - 0 . 6 - 1 . 2 2 9 1 . 1
6 - 8 4 2 , 2 _ Z* 4 2 , 3 2 a 2 , 3 2 . 0 2 . 1 2 . 1 2 . 5 2 . 6 1 . 7 0 . 9 - 0 . 4 - 0 . 6 0 . 0 2 9 1 . 1
7 - 0 4 2 , 3 2 . 5 2 , 4 2 . 3 2 . 5 2 . 3 2 . 3 2 . 4 2 . 8 2 . 9 2 . 2 1 . 7 0 . 8 1 . 1 2 . 3 4 . 6 2 9 2 . 2
... . 9 - 9 4 2 , 1 2 * 3 2 , 2 2 . 0 2 . 2 2 . 0 2 . 0 2 . 0 2 . 3 2 . 4 1 . 7 1 . 2 0 . 4 0 . 5 1 . 1 1 . 7 - 1 . 2 2 9 1 . 9
9 - 8 4 1 . 9 2 . 0 1 . 9 1 . 7 1 . 9 1 . 6 1 . 7 1 . 6 1 . 9 1 . 9 1 . 2 0 . 7 0 . 0 0 . 0 0 . 3 0 . 4 - 1 . 6 - 2 . 0 2 9 1 . 4
1 0 - 8 4 1 . 7 1 . 8 1 . 7 1 . 5 1 . 6 1 . 4 1 . 4 1 . 3 1 . 5 1 . 5 0 . 8 0 . 4 - 0 . 3 - 0 . 3 - 0 . 2 - 0 . 2 - 1 . 8 - 2 . 0 - 2 . 0 2 9 0 . 9
3 - 8 3 4 - 8 3 5 - 8 3 6 - 8 3 7 - 8 3 8 - 8 3 9 - 8 3 1 0 - 8 3 1 1 - 8 3 1 2 - 8 3 1 - 8 4 2 - 8 4 3 — 9 4 4 - 8 4 5 - 8 4 6 - 8 4 7 - 8 4 8 - 8 4 9 - 8 4
♦ D A T A F O R F O U R : M O N T H S A G O R E V I S E D T O R E F L E C T L A T EI N I T I A L M O N T H
R E P O R T I N G
4
P R E P A R E D B Y F E D E R A L R E S E R V E B A I * . O P S T . L O U I SN O V E M B E R 1 3 , 1 9 8 4
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
R AT I O SCALE P R I C E S R A T I O SCALE
CONSUMER PRICE IKOEX IE6INNIH« JANOARY 107« IS FO* ALL URBAN COMSMKJIS (CPI-O).CPI-9 DATA »EC I KM IH« I M3 IHCO*PO*ATE A RENTAL EQUIVALENCE KEASME FOR H0NE0WNER3HIP C05TS. PERCENTAGES ARE ANNtJAL RATES Of CHANCE FOR PER 100$ INDICATED.
LATEST &ATA PLOTTEDt OCTOWR
PREPARED BY FEDERAL RESERVE tANK Of ST. LO«IS
R AT I O SCAL E I 9 6 7 - 1 0 0
PRODUCER P R I CE SS E A S O N A L L Y A D J U S T E D
R AT I O S CAL E 1 9 6 7 - 1 0 0
PERCENTAGES ARE a nn ua l RATES OF CHAN6E FOR PERIODS INDICATED
LATEST DATA PLOTTED- OCTOBER PREPARED 0Y FEDERAL RESERVE BANK OF ST LOUIS
5Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
P R O D U C E R P R I C E I N D E X , F I N I S H E D C O N S U M E R F O O D S - S E A S O N A L L Y A D J U S T E D *________________________ C O M P O U N D S D A N N U A L R A T E S O F C H A N G E ________________ ___ ____ _______
T E R M I N A L __________________________ _________________________________ _____________________________I N I T I A L M O N T H _________________ ___________________________________________________________________1 9 6 7 _ j ^ ¿ 0 0 ^ _M O N T H
3 - 8 3 4 - 8 3 5 - 8 3 6 - 8 3 7 - 9 3 8 - 8 3 9 - 8 3 1 0 - 9 3 1 1 - 9 3 1 2 - 8 3 1 - 9 4 2 - 9 4 3 - 8 4 4 - 8 4 5 - 8 4 6 - 8 4 7 - 8 4 8 - 8 4 9 - 8 4
________ 4 - 8 3 9 * 6 2 6 3 . 1
________ 5 - _ 9 3 2 * 1 - 4 . 9 2 6 2 . 0
6 - 8 3 - 0 . 9 - 5 . 8 - 6 . 7 2 6 0 . 5
7 - 9 3 ____“ 2 , 1 - 5 . 7 - 6 . 0 - 5 . 4 2 5 9 . 3
_____ . 3 - 8 3 - 0 * 8 - 3 * 3 - 2 . 7 - 0 . 7 4 * 2 2 6 0 . 2
9 - 9 3 0 . 8 - 0 . 9 0 . 1 2 . 5 6 * 7 9 . 1 2 6 2 . 1
1 0 - 8 3 _ 2 ^ 4 . 1 . 3 2 . 6 5 . 0 9 * 9 1 1 . 1 1 3 . 1 2 6 4 , 8
1 1 - 6 3 ______l , 6 _ Q*5_ _ 1 , 5 3 . 2 5 . 4 5 . 8 4 . 2 - 4 . 0 2 6 3 . 9
1 2 - 8 3 2 , 4 1 * 5 2 , 5 4*1 6 . 1 6 . 6 5 * 8 2 * 3 9 . 0
... L - 0 4 5 . 4 4 . 9 6 * 2 8 * 2 1 0 * 7 1 2 * 0 1 2 * 9 1 2 * 6 2 2 * 0 3 6 * 6 2 7 2 * 8
________ 2 - 9 4 _____ .._5_._2_ _ _ 6 . _ 4 _ _ 9*2 1 0 * 3 1 1 * 3 1 1 * 7 1 1 . 4 1 7 . 1 2 1 * 3 7 * 7 2 7 4 . 5
5 * 9 5 . 5 6 . 6 9 . 2 1 0 * 1 1 0 * 9 1 1 . 2 1 0 * 8 1 4 . 9 1 6 . 9 8 * 2 8 . 6 2 7 6 . 4
4 - 8 4 A t J .. . j * , 3 5 , 2 6 . 4 7 . 8 9 * 3 9 . 2 7 * 4 9 . 8 1 0 . 0 2 * 4 - 0 . 2 - 8 . 3 2 7 4 . 4
. _ 5 ~ 9 4 _ _ 3 * 4 2 * 9 3 . 6 4 . 6 5 . 6 5 * 9 5 . 4 4 . 3 5 . 8 5 . 1 - 1 . 5 - 4 . 4 - 1 0 . 4 - 1 2 . 4 2 7 1 . 4
6 - 8 4 2 , 8 2 . 3 2 . 9 3 . 8 4 . 6 4 . 7 4 . 2 3 * 1 4 . 2 3 . 4 - 2 . 2 - 4 . 5 - 8 . 5 — 9 . 6 - 4 . 8 2 7 0 . 3
7 - 8 4 3 * 7 3 * 3 3 * 9 4 . 8 5 . 7 5 . 8 5 . 5 4 . 7 5 . 9 5 . 4 1 . 0 - 0 . 3 - 2 . 5 - 0 . 4 6 . 1 1 8 . 2 2 7 4 . 1
0 - 8 4 3 * 4 3 . 0 3 * 6 4 . 3 5 . 1 5 . 2 4 . 8 4 . 0 5 . 0 4 . 5 0 . 6 —0 . 6 - 2 . 3 - 0 . 8 3 . 4 7 . 8 - 1 . 7 2 7 3 . 7
9 - 8 4 2 . 9 2 . 5 3 . 0 3 . 7 4 . 3 4 . 4 4 . 0 3 * 2 3 . 9 3 . 4 - 0 . 2 - 1 . 2 - 2 . 8 - 1 . 7 1 . 2 3 . 3 - 3 . 5 - 5 . 1 2 7 2 . 5
1 0 - 8 4 2 . 8 2 . 4 2 . 9 3 . 5 4 . 1 4 . 1 3 . 7 3 * 0 3 . 6 3 . 1 0 . 0 - 1 . 0 - 2 . 3 - 1 . 2 1 . 2 2 . 7 - 2 . 0 - 2 . 2 0 . 9 2 7 2 . 7
3 - 8 3 4 - 8 3 5 - 8 3 6 - 8 3 7 - 8 3 8 - 8 3 9 - 8 3 1 0 - 9 3 1 1 - 8 3 1 2 - 8 3 1 - 8 4 2 - 8 4 3 - 8 4 4 - 8 4 5 - 8 4 6 - 8 4 7 - 8 4 8 - 8 4 9 - 8 4
♦ D A T A F O R F O U R M O N T H S A G O R E V I S E O T O R E F L E C T L A T EI N I T I A L M O N T H
R E P O R T I N G
P R O O U C E R P R I C E I N D E X , F I N I S H E D G O O D S , E X C L U D I N G F O O D S - C O M P O U N D E D A N N U A L R A T E S O F C H A N G E
S E A S O N A L L Y A D J U S T E D *
T E R M I N A L I N I T I A L M O N T H 1 9 6 7 * 1 0 0M O N T H
3 - 8 3 4 - 8 3 5 - 6 3 6 - 8 3 7 - 8 3 8 - 6 3
«3
1 0 - 8 3 1 1 - 8 3 1 2 - 8 3 1 - 8 4 2 - 9 4 3 - 9 4 4 - 8 4 5 - 8 4 6 - 8 4 7 - 8 4 8 - 8 4 9 - 8 4
4 - 8 3 - 3 . 3 2 8 7 . 9
5 — 8 3 1 . 3 6 . 0 2 6 9 . 3
6 - 8 3 3 * 7 7 . 3 8 . 6 2 9 1 , 3
7 - 8 3 3 . 3 5 . 5 5 . 3 2 . 1 2 9 1 . 8
8 - a 3 3 . 4 ___ 4 . 9 3 . 1 4 . 2 2 9 2 . 8
9 - 8 3 2 . 7 4 . 0 3 . 5 1 . 8 1 . 7 - 0 . 8 2 9 2 . 6
1 0 - 8 3 2 . 1 3 . 1 2 . 5 1 . 0 0 . 7 - 1 . 0 - 1 . 2 2 9 2 . 3
1 1 - 8 3 2 . 0 2 . 8 2 . 2 1 . 0 0 . 7 - 0 . 4 - 0 . 2 0 . 8 2 9 2 . 5
1 2 - 8 3 1 . 7 2 . 4 1 . 8 0 . 8 0 . 5 - 0 . 4 - 0 . 3 0 . 2 - 0 . 4 2 9 2 . 4
1 - 8 4 1 . 5 2 . 0 1 . 6 0 . 6 0 . 3 - 0 . 4 - 0 . 3 0 . 0 - 0 . 4 - 0 . 4 2 9 2 . 3
2 - 8 4 1 . 7 2 . 2 1 . 8 0 . 9 0 . 8 0 . 2 0 . 4 0 . 8 0 . 8 1 . 4 3 . 3 2 9 3 . 1
3 - 8 4 1 . 8 2 . 3 2 . 0 1 . 2 1 . 1 0 . 7 1 . 0 1 * 4 1 . 5 2 . 2 3 . 5 3 . 7 2 9 4 . 0
4 - 8 4 1 . 9 2 . 4 2 . 1 1 . 4 1 . 4 1 . 0 1 . 3 1 . 7 1 * 9 2 . 5 3 * 5 3 * 5 3 . 3 2 9 4 . 8
5 — 3 4 JZ. mQ 2 . 4 2 . 1 1 . 5 1 . 5 1 . 2 1 . 4 1 . 8 2 . 0 2 . 5 3 * 2 3 . 2 2 . 9 2 . 5 2 9 5 . 4
6 - 8 4 _2 . 0 2 . 3 2 . 1 1 . 5 1 . 5 1 . 2 1 . 5 1 . 9 1 . 9 2 * 3 2 . 9 2 . 8 2 . 5 2 . 1 1 . 6 2 9 5 . 8
7 - 8 4 1 . 9 2 . 2 2 . 0 1 . 5 1 . 4 1 . 2 1 . 4 1 . 6 1 . 7 2 . 1 2 . 5 2 . 3 2 . 0 1 . 5 1 . 0 0 . 4 2 9 5 . 9
8 - 8 4 1 . 7 2 . 0 1 . 8 1 . 3 1 . 2 1 . 0 1 . 2 1 . 4 1 . 5 1 . 7 2 . 0 1 . 8 1 . 4 0 . 9 0 . 4 - 0 . 2 - 0 . 8 2 9 5 . 7
9 - 8 4 1 . 5 1 . 6 1 . 6 1 . 1 1 * 1
CDO
1 * 0 1 * 2 1 . 2 1 . 4 1 . 6 1 . 3 1 . 0 0 . 5 0 . 0 - 0 . 5 - 1 . 0 - 1 . 2 2 9 5 . 4
1 0 - 8 4 . 1 . 3 1 . 6 1 . 3 0 , 9 0 , 9 Q . 6 0 * 7 0 . 9 0 . 9 1 . 0 1 . 1 0 . 9 0 . 5
O•o
- 0 . 5 - 1 . 0 - 1 . 5 - 1 . 8 - 2 . 4 2 9 4 . 8
3 - 8 3 4 - 8 3 5 - 8 3 6 - 8 3 7 - 8 3 8 - 8 3 9 - 8 3 1 0 - 8 3 1 1 - 8 3 1 2 - 8 3 1 - 8 4 2 - 8 4 3 - 8 4 4 - 8 4 5 - 8 4 6 - 8 4 7 - 8 4 8 - 8 4 9 - 8 4
I N I T I A L H O N T H♦ D A T A F O R F O U R H Q N T H S A G O R E V I S E D T O R E F L E C T L A T E R E P O R T I N G _____________________
P R E P A R E O B Y F E D E R A L R E S E R V E B A N K O F S T . L O U I SN O V E M B E R 1 3 , 1 9 8 4
6Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
RATI O SCALE1967-100 S E A S O N A L L Y A D J U S T E D
I N D U S T R I A L P R O D U C T I O NRATI O SCALE
1967-100
1976 1977 1978 1979 1980 1981 1982 1983 1984
PERCENTAGES ABE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED.
LATEST DATA PLOTTED* OCTOBER PRELIM INARY
PREPARED BY FE O ER A L RE SER VE BANK OF S T . L O U I S
I N D U S T R I A L P R O D U C T I O N
T E R M I N A L I N I T I A L M O N T H 1 9 6 7 * 1 0 0
M O N T H3 - 0 3 4 - 8 3 5 - 8 3 6 - 8 3 7 - 8 3 8 - 8 3 9 - 8 3 1 0 - 8 3 1 1 - 8 3 1 2 - 8 3 1 - 8 4 2 - 8 4 3 - 8 4 4 - 8 4 5 - 8 4 6 - 8 4 7 - 8 4 8 - 8 4 9 - 8 4
4 - 8 3 2 4 #7 1 4 2 . 6
5 - 8 3
4-o<M 1 6 . 2 1 4 4 . 4
6 - 8 3 1 9 , 6 1 7 . 1 1 7 . 9 1 4 6 . 4
7 - 8 3 2 2 . 3 2 1 . 5 2 4 . 1 3 0 . 7 1 4 9 . 7
8 - 8 3 21 . 4 2 0 . 6 2 2 . 1 2 4 . 3 1 8 . 2 1 5 1 . 8
9 - 8 3 2 0 . 7 1 9 . 9 2 0 . 8 2 1 . 8 1 7 . 6 1 7 . 0 1 5 3 . 8
1 0 - 8 3 1 9 . 1 1 8 . 1
««0 1 8 . 7 1 4 . 9 1 3 . 3 9 . 8 1 5 5 . 0
1 1 - 8 3 1 6 . 8 1 5 . 7 1 5 . 7 1 5 . 2 1 1 . 6 9 . 5 6 . 0 2 . 3 1 5 5 . 3
1 2 - 8 3 1 5 . 7 1 4 . 6 1 4 . 4 1 3 . 8 1 0 . 7 9 . 0 6 . 4 4 . 7 7 . 2 1 5 6 . 2
1 - 8 4 1 6 . 1 1 5 . 1 1 5 . 0 1 4 . 6 1 2 . 1 1 0 . 9 9 . 5 9 . 3 1 3 . 0 1 9 . 2 1 5 8 . 5
2 - 8 4 1 5 . 7 1 4 . 8 1 4 . 7 1 4 . 3 1 2 . 1 1 1 . 1 9 . 9 1 0 . 0 1 2 . 7 1 5 . 5 1 2 . 0 1 6 0 . 0
3 - 8 4 1 4 . 9 1 4 . 0 1 3 . 8 1 3 . 3 1 1 . 3 1 0 . 4 9 . 3 9 . 2 1 1 . 0 1 2 . 3 9 . 0 6 . 2 1 6 0 . 8
4 - 8 4 1 4 . 5 1 3 . 7 1 3 . 4 1 3 . 0 1 1 . 2 1 0 . 3 9 . 4 9 . 4 1 0 . 8 1 1 . 8 9 . 4 8 . 1 1 0 . 1 1 6 2 . 1
5 - 8 4 1 3 . 8 1 3 . 0 1 2 . 7 1 2 . 3 1 0 . 6 9 . 8 8 . 9 8 . 8 9 . 9 1 0 . 4 8 . 4 7 . 2 7 . 7 5 . 3 1 6 2 . 8
6 - 8 4 1 3 . 7 1 3 . 0 1 2 . 7 1 2 . 3 1 0 . 8 1 0 . 0 9 . 3 9 . 2 1 0 . 3 1 0 . 8 9 . 2 8 . 5 9 . 3 8 . 8 1 2 . 5 1 6 4 . 4
7 - 8 4 1 3 . 6 1 2 . 9 1 2 . 6 1 2 . 2 1 0 . 8 1 0 . 2 9 . 5 9 . 5 1 0 . 4 1 0 . 9 9 . 6 9 . 1 9 . 8 9 . 7 1 2 . 0 1 1 . 5 1 6 5 . 9
8 - 8 4 1 2 . 8 1 2 . 1 1 1 . 9 1 1 . 4 1 0 . 1 9 . 4 8 . 8 8 . 7 9 . 4 9 . 7 8 . 4 7 . 8 8 . 1 7 . 6 8 . 4 6 . 4 1 . 5 1 6 6 . 1
9 - 8 4 1 1 . 7 1 0 . 9 1 0 . 6 1 0 . 1 8 . 8 8 . 1 7 . 4 7 . 2 7 . 7 7 . 8 6 . 4 5 . 6 5 . 5 4 . 7 4 . 5 2 . 0 - 2 . 5 - 6 . 3 1 6 5 . 2 P
1 0 - 8 4 1 1 . 0 1 0 . 3 1 0 . 0 9 . 5 8 . 2 7 . 5 6 . 8 6 . 6 7 . 0 7 . 0 5 . 7 4 . 9 4 . 7 3 . 9 3 . 6 1 . 5 - 1 . 7 - 3 . 2 0 . 0 1 6 5 . 2P
3— B 3 4 - 8 3 5 - 8 3 6 - 8 3 7 - 8 3 8 - 8 3 9 — 8 3 1 0 - 8 3 1 1 - 8 3 1 2 - 8 3 1 - 8 4 2 - 8 4 3 - 8 4 4 - 8 4 5 - 8 4 6 — 8 4 t — 8 4 8 - 8 4 9 - 8 4
I N I T I A L M O N T H
P - P R E L I M I N A R Y
7
^RE^ARÉÔ bV PÊfrÉRAL RÉS6RVÉ ÔÀftR ÔP ST. LCHJrSN O V E M B E R 1 5 , 1 9 8 4
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TRILLIONS OF DOLLARS S E A S O N A L L Y A D J U S T E D TRILLIONS OF DOLLARS
P E R S O N A L I N C O M ERATIO SCALE MONTHLY TOTALS AT ANNUAL RATES RATIO SCALE
3. . 3 . 2 . I . 0 .9 . 8 . 7 . 6
.5
. 4
. 3
. 2
. I
. 0
.9
. 8
.7
. 6
.5
.3
. 2
1976 1977 1978 1979 1980 1981 1982 1983 1984SOURCEt U .S . DEPARTMENT OF COMMERCE
PERCENTAGES ARE ANWJAL RATES OF CHANGE FOR PERIODS INDICATED.
LATEST DATA PLOTTED« OCTOBER PRELIM INARY
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS
P E R S O N A L I N C O M E_________________ _________ ____________r a t e s o f .q h a n & e ______________________________________ _____________________________________
B I L L I O N S O F
M O N T H3 - 8 3 4 - 6 3 5 - 8 3 6 - 8 3 7 - 8 3 8 - 8 3 9 - 8 3 1 0 - 8 3 1 1 - 8 3 1 2 - 8 3 1 - 8 4 2 - 8 4 3 - 8 4 4 - 8 4 5 - 8 4 6 - 8 4 7 - 8 4 8 - 8 4
A N N U A L R A T E S9 - 8 4
4 - 8 3 i O . Q 2 , 6 9 3 . 2
5 - 8 3 1 0 * 3 1 0 . 5 2 , 7 1 5 . 8
6 —8 3 9 . 7 9 . 5 8 . 5 2 , 7 3 4 . 4
7 - 8 3 8 . 4 7 . 9 6 . 6 4 . 7 2 , 7 4 4 . 9
______ 8 - 9 3 _______ i L * l __ 7 * 6 6 * 7 6 . 9 2 , 7 5 9 . 9
9 - 8 3 8 . 7 8 . 4 7 . 8 7 . 6 9 . 1 1 1 . 5 2 , 7 8 5 . 0
1 0 - 8 3 9 . 4 9 . 2 9 . 0 9 . 1 1 0 . 6 1 2 * 6 1 3 * 7 2 , 8 1 4 . 9
1 1 - 8 3 9 . 3 9 . 1 8 . 9 9 * 0 1 0 . 1 1 1 . 2 1 1 . 1 8 * 5 2 , 8 3 4 . 2
_ 1 2 - 8 3 9 . 5 9 . 5 9 . 3 9 * 4 1 0 * 4 1 1 . 3 1 1 * 3 1 0 * 1 1 1 . 7 2 , 8 6 0 . 4
1 - 8 4 1 0 . 2 1 0 . 2 1 0 * 2 1 0 * 4 1 1 . 4 1 2 . 4 1 2 . 6 1 2 . 2 1 4 * 1 1 6 . 7 2 , 0 9 7 . 4
2 - 8 4 1 0 . 3 1 0 . 3 1 0 . 3 1 0 . 6 1 1 . 4 1 2 . 2 1 2 * 4 1 2 * 0 1 3 * 2 1 4 . 0 1 1 . 4 2 , 9 2 3 . 5
3 — 8 4 1 0 . 1 1 0 . 1 1 0 . 0 1 0 * 2 1 0 . 9 1 1 . 5 1 1 . 5 1 1 . 1 1 1 . 7 1 1 . 7 9 . 3 7 . 2 2 , 9 4 0 . 6
4 - 8 4 1 0 . 2 1 0 . 2 1 0 . 2 1 0 . 4 1 1 . 0 1 1 . 5 1 1 . 6 1 1 . 2 1 1 . 6 1 1 . 8 1 0 . 2 9 . 6 1 2 . 0 2 , 9 6 8 . 5
5 - 8 4 9 . 8 9 . 8 9 . 7 9 . 8 1 0 . 3 1 0 . 7 1 0 . 6 1 0 . 2 1 0 . 5 1 0 . 2 8 . 7 7 . 8 8 . 1 4 . 2 2 , 9 7 8 * 8
6 - 8 4 9 . 9 9 . 9 9 . 8 1 0 . 0 1 0 . 4 1 0 . 8 1 0 . 7 1 0 . 4 1 0 . 6 1 0 . 5 9 . 3 8 . 8 9 . 3 7 . 9 1 1 . 7 3 , 0 0 6 * 5
7 - 8 4 9 . 8 9 . 8 9 . 7 9 . 8 1 0 . 3 1 0 . 6 1 0 . 5 1 0 . 2 1 0 . 4 1 0 . 2 9 . 1 8 * 7 9 . 1 8 . 1 1 0 . 1 8 . 5 3 , 0 2 7 * 0
9 . - 9 4 9 . 7 9 . 7 9 . 6 9 . 7 1 0 . 1 1 0 . 3 1 0 . 2 9 . 9 1 0 . 1 9 . 9 8 . 9 8 * 5 8 . 8 8 . 0 9 . 2 8 . 0 7 . 5 3 , 0 4 5 * 4
9 - 8 4 9 . 7 9 . 6 9 . 6 9 . 6 1 0 . 0 1 0 . 3 1 0 . 2 9 . 8 1 0 . 0 9 . 8 9 . 0 8 . 6 6 . 8 6 . 2 9 . 2 8 . 4 6 . 4 9 . 2 3 , 0 6 7 * 9
1 0 - 8 4 9 . 5 9 . 5 9 . 4 9 . 5 9 . 8 1 0 * 0 9 * 9 9 . 6 9 . 7 9 * 5 8 . 7 8 . 4 6 . 6 8 * 0 6 * 8 8 . 1 8 . 0 8 . 2 7 . 1 3 , 0 8 5 * 5 P
3 - 8 3 4 - 8 3 5 - 8 3 6 - 8 3 7 - 8 3 • - 6 3 9 - 6 3 1 0 - 8 3 1 1 - 8 3 1 2 - 8 3 1 — 8 4 ¿-04 3 - 6 4 4-64 5-64 6 - 8 4 T - Ô 4 ^ - 6 4 9 - « 4
I n i t i a l mônThP - P R E L I M I N A R Y
8
HkEPAftÉD ft'TPfKAAL ftESEftVriW OP ST. LOUISN O V E M B E R 1 9 , 1 9 6 4
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
BILLIONS OF DOLLARS S E A S O N A L L Y A D J U S T E D BILLIONS OF DOLLARS
R E T A I L S A L E SRATI O SCALE RATIO SCALE
1976 1977 1978 1979 1980 1981 1982 1983 1984SOURCE« U . S . DEPA RTM ENT OF COMMERCE
P E R C E N TA G E S ARE ANNUAL R A T ES OF CHANGE FOR P E R I O D S I W H C A T E D .
L A T E S T D A TA P L O T T E D « S EP TE M B E R , OC TOB ER ADVANCE E S T I M A T E
PREPARED BY FE DE RA L RE SE RV E BANK OF S T . L O U I S
R E T A I L S A L E S C O M P O U N D E D A N N U A L R A T E S O F C H A N G E
T E R M I N A L I N I T I A L M O N T H M I L L I O N S O F
M O N T H3 - 3 3 4 - 3 3 5 - 3 3 6 - 3 3 7 - 3 3 8 - 8 3 9 - 3 3 1 0 - 3 3 1 1 - 8 3 1 2 - 3 3 1 - 8 4 2 - 8 4 3 - 8 4 4 - 8 4 5 - 8 4 6 - 8 4 7 - 8 4 3 - 3 4
D O L L A R S9 - 8 4
4 - 8 3 1 8 . 3 9 5 , 1 2 5
5 - 6 3 2 4 . 1 3 0 . 2 9 7 , 2 3 9
6 — 8 3 2 2 . 3 2 4 . 3 1 8 * 7 9 8 , 6 3 8
7 - 8 3 1 7 . 0 1 6 . 5 1 0 * 2 2 * 4 9 8 , 8 3 2
8 - 3 3 1 1 * 8 1 0 . 3 4 * 3 - 2 * 2 - 6 . 5 9 8 , 2 7 7
9 - 8 3 1 2 . 6 1 1 . 5 7 * 3 3 * 7 4 * 4 1 6 * 5 9 9 , 5 3 7
1 0 - 3 3 1 3 . 4 1 2 . 6 9 * 3 7 * 1 8 . 7 1 7 * 3 1 8 * 1 1 0 0 , 9 2 3
1 1 - 3 3 1 3 . 2 1 2 * 5 9 * 8 3 * 1 9 . 6 1 5 * 6 1 5 * 1 1 2 . 2 1 0 1 , 8 9 6
1 2 - 3 3 1 2 * 5 1 1 . 8 9 * 3 7 * 9 9 . 0 1 3 . 2 1 2 * 2 9 . 4 6 . 6 1 0 2 , 4 3 8
1 - 3 4 1 6 * 6 1 6 . 4 1 4 * 8 1 4 * 2 1 6 . 3 2 1 . 5 2 2 . 8 2 4 . 5 3 1 . 1 6 1 . 3 1 0 6 , 6 0 2
2 - 3 4 1 3 * 7 1 3 . 2 1 1 * 5 1 0 . 6 1 1 . 8 1 5 * 2 1 4 . 9 1 4 . 2 1 4 . 8 1 9 . 2 - 1 1 . 9 1 0 5 , 4 3 2
3 - 3 4 1 0 * 7 1 0 * 1 8 * 2 7 . 1 7 . 7 1 0 . 0 8 . 9 7 . 2 5 . 9 5 . 7 - 1 4 . 4 - 1 6 . 8 1 0 3 , 8 7 3
4 - 3 4 1 3 * 4 1 3 . 0 1 1 * 6 1 0 . 9 1 1 . 9 1 4 . 4 1 4 . 1 1 3 . 5 1 3 . 7 1 5 . 6 3 . 4 1 2 . 1 5 1 *0 1 0 7 , 5 0 5
5 - 3 4 1 3 * 1 1 2 . 7 1 1 . 3 1 0 . 7 1 1 . 5 1 3 . 7 1 3 . 4 1 2 . 7 1 2 . 8 1 4 . 1 4 . 7 1 0 . 9 2 8 . 0 8 . 5 1 0 3 , 2 3 7
6 - 3 4 1 3 * 0 1 2 . 7 1 1 * 4 1 0 . 8 1 1 * 6 1 3 . 6 1 3 . 3 1 2 . 7 1 2 . 8 1 3 . 9 6 . 2 1 1 . 3 2 2 . 7 1 0 . 6 1 2 . 7 1 0 9 , 3 2 2
7 - 3 4 1 0 * 7 1 0 . 2 8 * 9 8 . 2 8 * 7 1 0 . 2 9 . 6 3 . 7 8 . 3 8 . 5 1 . 6 4 . 5 1 0 . 7 - 0 . 2 - 4 . 3 - 1 8 * 8 1 0 7 , 4 4 2
8 - 3 4 9 * 5 8 . 9 7 * 6 6 . 9 7 * 2 8 . 5 7 . 8 6 . 8 6 . 2 6 . 2 0 . 0 2 . 1 6 . 4 - 2 . 5 - 5 . 9 - 1 4 * 0 - 8 * 9 1 0 6 , 6 0 6
9 - 3 4 9 * 8 9 * 3 3 * 1 7 . 4 7 * 8 9 . 0 8 . 4 7 . 5 7 * 1 7 . 1 1 * 8 3 * 9 7 . 8 0 . 8 - 1 . 0 - 5 * 2 2 * 4 1 5 * 2 1 0 7 , 8 7 1 P
1 0 - 8 4 9 * 1 3 * 6 7 * 5 6 . 8 7 * 1 8 * 2 7 . 6 6 . 7 6 * 2 6 . 2 1 * 4 3 * 2 6 . 4 0 . 4 - 1 . 1 - 4 . 3 1 * 0 6 . 4 - 1 . 7 1 0 7 , 7 1 7 E
3 - 3 3 4 - 3 3 5 - 3 3 6 - 3 3 Y — 8 3 8 - 3 3 9 - 3 3 1 0 - 8 3 1 1 - 3 3 1 2 - 3 3 1 - 8 4 2 - 8 4 3 - 8 4 4 - 3 4 5 - 3 4 6 — 3 4 7 —6 4 3 - 3 4 9 - 8 4
P - P R E L I M I N A R YE - E S T I M A T E D
9
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUTS'N O V E M B E R 1 4 » 1 9 6 4
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H O U R L Y C O M P E N S A T I O N , B U S I N E S S S E C T O RC O M P O U N D E D A N N U A L R A T E S O F C H A N G E ______
T E R M I N A I _____I N I T I A L Q U A R T E R _
4 - 8 1 1 -8 2 2 -8 2 3 - 8 2Q U A R T E R
4 - 7 9 1 -8 0 2 -8 0 3 - 8 0 4 - 8 0 1 -8 1 2 - 8 1 3 -8 1 _4-£2_ 1*83 3 - 8 3
1 - 8 CL 12.3 126 ^2_^
2 - 8 0 1 2,1 1 1 . 9 _ L 2 ^ * a _
3 - 8 0 U . l 1 0 . 6 9 . 2 _____________U2.*.7_____
4_-0O_._ 10* 7 10*2 J 3 i * 7 ^
_ X - 8 1 _ ^ 0 . 7 I O i l 9 ^ L 1 0 , Q 1 0 .7 J 3 9 * i _____
2 - 8 1 1 0.1 9 . 7 9 . 2 9 . 1 9 . 0 7 . 4 1 4 1 ^ 2 _
___3 r £ l 1 0.1 9 . 8 9 * 3 9j 5_ 9*3 8 . 7 _ 9 ^ 9 1 4 > ,1
4 - 8 1 9 . 7 9 , 4 8 . 9 8 . 9 8 . 8 8 . 5 ___ 1 4 7 ,6
_____1 -8 2 9 , 8 _ _ 9 .* 9 . 2 _ 9 . 2 . 9 . 2 8 . 9 1.0*7___________ _____ -___ ____ ____________________________ _____
- 2 - 8 2 _ ___9*2 __0jt8 8 . 6 6*7 6 . 8 . 153* SL._
3 - 8 2 _9j._3_ ____9jfc0__ _ i i L ^ 8 . 7 8 . 6 ,_ Ö * 2 J L . Q 8 * 3 ____7 .1 7 . 5
____ 4 - 8 2 8 . 9 8 . 6 8 . 3 8 . 2 8 . 0 7 . 7 7 . 7 7 . 3 7 .3 . 6*2 5 , 9 __ 4 . 4 ------------- -------- ----------------------------- ------------- ---------- 1 5 8 .4
1 - 8 3 .8 *6 8 . 3 8 . 0 7 . 8 7 . 7 7 . 3 7 . 3 6*8 6 . 8 5 .8 5 . 5 ____4 . 5 4 . 6 --------------- - _____
2 - 8 3 8 . 1 7 . 8 7 . 4 7 . 3 7 . 1 6 .7 6 . 6 6 . 1 6 . 0 5 .0 4 . 6 __ 3 . 7 3 . 3 2 . 0 A 6 L*5 ______1
u> 1 CD 7 . 7 7 . 4 7 . 0 6 . 8 __6 . 6 6 . 2 6 . 1 ,5*6_. 5 . 4 4 . 5 4 . 1 3 . 3 2 . 9 .2 .0 . . 2 .0 .__________ 161*8
4 - 8 3 7 . 6 7 . 3 6 . 9 6 . 8 6 . 6 6 . 2 6 . 1 5 . 61 i
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*> r-4 4 . 4 3 . 8 3 . 7 3*3 4 . 0 ___ 6 . 1 1 6 4 . 2
1 -8 4 7 . 5 7 . 2 6 . 9 _6*_7_ _ 6 . 5 6 . 2 6 . 1 ___ 5 . 7 __ 5 . 6 ____ 4 . 9 4 . 7 4 . 2 4 . 2 4 . 1 4 . 7 6 . 1 6 . 2 1 6 6 . 7
2 - 8 4 7 . 2 6 . 9 6 . 6 6 . 4 6 . 2 __5*9__ 5*7 5 . 4 5*2 4 . 6 4 . 3 ___3 . 9 3 .8 3 . 6 4 , 0 4 . 7 4 . 1 1 . 9 1 6 7 .5
3 - 8 4 7 . 0 ___ 6 . 8 6 . 5 6 . 3 5 .8 5 . 6 ___5 . 3 5 . 1 4 . 6 4 . 4 ___ 4 . 0 3 . 9 3 . 8 4*_2_. 4 * X 4 . 2 3 . 3 _ 4_*6__ 1 6 9 .4 ___
4 - 7 9 1— 8 0 2 - 8 0 3 - 8 0 4 - 8 0 1 - 8 1 2 - 8 1 3 - 8 1 4 - 8 1 1 - 8 2 2 - 8 2 3 - 8 2 4 - 8 2 1 - 8 3 2 - 8 3 3 - 8 3 4 - 8 3 1 - 8 4 2 - b 4
I N I T I A L Q U A R T E R
O U T P U T P E R H O U R O F A L L P E R S O N S , C O M P O U N D E D A N N U A L R A T E S
B U S I N E S S S E C T O R O F Ç H A N Û Ê
Q U A R T E R4 - 7 9 1 - 8 0 2 - 8 0 3 - 8 0 4 - 8 0 1 - 8 1 2 - £ l
________________ I N I T I A L Q U A R T E R
_ J f e 8 J L _ 4 — 8 1 _ J L r 8 2 ^ 2 - 8 2 _ _ 3 - 0 2 4 - 8 2 1 - 8 3 2 - 5 3 4 - 8 3 l - f i L 4 ___ 2 - 0 4
1 9 7 7 * 1 0 0 _
1 - 8 0 1 . 2_________9 9 f c l
2 - 8 0 - 0 . 8 - 2 . 8 _________ 5 0 ^ 4 _____
3 - 8 0 0 * 0 - 0 * 6 1 . 6 . . 9
4 - 8 0 0 * 2 - 0 * 1 ____ 1 , 2 0 . 8 . _______ 93L*0_____
1 - 8 1 1 *4 1 . 4 2 . 9 3 . 5 ____6 ^ 2 1 0 0 . 5
2 - 8 1 1 . 2 1 . 2 2 . 2 2 . 4 3 . 3 0 . 4 1 0 0 . 6
w 1 0» 1 * 6 1 . 6 2 . 5 2 . 7 3 . 4 2 . 0 3 . 6 1 0 1 . 5
4 - 8 1 0 * 8 0 * 7 1 . 3 1 * 2 1 . 3 - 0 . 3 - 0 . 6 ___- 4 * 6 _______________________________ _ _ 1 0 £ * 3 l_______
1 - 8 2 0 * 9 0 * 9 1 . 4 1 * 4 1 . 5 0 * 4 - 1 * 2 2 . 4 1 0 Û . 9 .
2 - 8 2 0 . 6 0 . 5 1 . 0 0 * 9 0 * 9 - 0 * 2 - 0 . 3 - 1 , 6 0 . 0 - 2 * 4 10Q_*3 ..
3 - 8 2 0 * 8 0 * 7 1 . 1 1 * 1 1 * 1 0 * 3 0 . 2 - 0 * 6 0 * 8 0 * 0 2 , 4 1 0 0 . 9 _
4 - 8 2 0 * 9 0 * 9 1 . 3 1 * 2 1 * 3 0 * 6 0 . 7 0 * 1 1 * 3 0 * 9 2 * 6 2 * 0 1 0 1 . 6
1 - 8 3 1 * 0 1 * 0 1 * 4 1 . 4 1 * 4 0 * 8 0 * 9 0 * 5 1 * 5 1 * 3 2 * 5 2 . 6 2 * 4 1 0 2 . 2
2 - 8 3 1 . 4 1 . 4 1 * 7 1 * 7 1 * 8 1 . 4 1 . 5 1 * 2 2 * 2 2 * 1 3 * 3 3 * 6 4 * 0 5 * 6 _ __ 1 0 3 * 6 _
3 - 8 3 1 . 5 1 * 5 1 * 8 1 . 8 1 * 9 1 * 5 1 * 6 1 . 4 2 . 3 2 . 2 3 . 2 3 . 4 3 * 6 4 * 2 2 - 2 1 0 4 . 3
4 - 8 3 1 * 5 1 * 5 1 * 0 1 . 8 1 * 9 1 * 5 J . 6 ____ 1 . 4 2 . 2 _ 2 . 1 2 . 9 3 * 0 _ . _ ! . * 5 _ 1 0 4 , 7
1 - 8 4 1 * 6 1 . 6 1 * 9 1 . 9 2 * 0 _ 1 . 8 1 * 6 2 * 4 2 * 4 3 * 0 ____3 9l ____3 * 2 _____ 3 ^ 4 3 . 9 1 0 J L . 7 .
2 - 8 4 1 . 8 1 . 8 2 . 1 2 . 1 2 * 2 1 . 9 2 . 1 1 * 9 2 * 6 2 * 6 3 * 3 3 * 4 3 * 5 3 * 7 3 * 3 3 * 5 4 * 4 5 . 0 1 0 7 . 0
3 - 8 4 1 . 8 1 . 8 2 . 1 2 . 1 2 * 2 1 . 9 2 . 0 1 . 9 2 . 5 2 . 5 3 * 0 3 * 1 3 * 2 3 * 3 2 * 8 2 . 9 3 * 3 3 * 1 1 * 1 ________ 1 0 1 ^ 3 ______
4 - 7 9 1 - 8 0 2 - 8 0 W 1 CD o 4 — 8 0 1 - 8 1 2 - 8 1 3 - 8 1 4 - 8 1 1 - 8 2 2 - 8 2 3 - 8 2 4 - 8 2 1 - 8 3 2 - 8 3 3 - 8 3 4 - 8 3 1 - 8 4 2 - 8 4
IN IT IA L QUARTER
1 0
P R E P A R E D B Y F E D E R A L R E S E R V E B A N K O F S T . L O U I SN O V E M B E R 2 8 , 1 9 8 4
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
P R O D U C T I V I T Y , C O M P E N S A T IO N , A N D L A B O R C O S T S
RAT I O SCALE1 9 7 7 - 1 0 0 S E A S O N A L L Y A D J U S T E D
R AT I O SCALE1 9 7 7 - 1 0 0
S O U R C E . U . S . D E P A R T M E N T O F L A B O R
P E R C E N T A G E S A R E A N N U A L R A T E S O F C H A N C E F O R P E R I O D S I N D I C A T E D .
L A T E S T D A T A P L O T T E D t 3 R D Q U A R T E R
P R E P A R E ! ) B Y F E D E R A L R E S E R V E B A N K O F S T . L O U I S
__JER HI NA LQ U A R T E R
4 - 7 9 1 - 8 0 2 - 6 0 3 - 8 0 4
1 - 8 0 11 . 1
N) 1 00 p 1 3 . 0 1 4 . 9
3 - 8 0 1 1 , 3 1 1 , 5 8 , 1
4 - 8 0 1 0 . 6 1 0 . 4e>2 Q 3
1 - 8 1 9 . 3 8 . 8 ___ 6 . 8 6 . 2
2 - 8 1 8 . 9 8 . 5 6 . 9 6 . 5
_ 3 - 8 1 _ 8 . 4 . 8 . 0 ____ 6 . 7 _____ 6 * 3 _
U N I T L A B O R C O S T S , B U S I N E S S S E C T O R C O H P O U M Æ C L A N N U A L R A T £ S O F C H A N G E
U l A L Q U A R T E R 1 V 7 7 * l O Q
____ 1 3 1 .f i
8 .9 _____7 ,6 1 4 7 .1
L Vi.
2 - 8 2
s * y . . ..
8 . 9 8 . 6
r « l
7 . 9
J » X
7 . 8
L t X
7 . 8
»-*■? _
8 . 5
3 - 6 2 8 . 5 8 . 3 7 . 6 7 . 5 7 . 4 7 . 9
4 - 8 2 7 . 9 7 . 6 6 . 9 4 , 8 6 . 6 7 . 0
1 - 8 3 7 . 5 7 . 2 6 . 5 6 , 4 6 . 1 6 . 4
2 - 8 3 6 . 7 6 . 3 . 5 . 4 5 , 4 5 . 1 5 . 3
3 - 8 3 6 . 1 5 , 8 5 . 1 . 4 . 9 4 . 6 4 , 6 .
4 — 8 3 _ _ 6 . 0 5 * 7 _ _ i * l _ 4 , 9 _ _ _ 4 * 6 4 , 6
8 . 9 _____ 9 . ? 8 ,7
J * 2 _ . 5 , 0
___5*3___ 3 , 2_
_ ìl*4__ 5*2____^*9_
8 , 1
7 - a
J.5ÌL.Q____
153 .4____
155 .3____
I , A _____________
___2 * 3 ___
1 5 5 . 9
i > t *e
1 -84 - ____k*5_ 4 * 7 ____ 4 .4
5 ,3 5 ,0 4 ,4 4 . 1 3 *9
j4*4 _
3 , 8
3 -8 4 , _____ 4 j t 5 _ 4 j L 3 _____ 4 j A _ . _ l t 8 ____ 3 . 8
5 . 0 ____4 , 9 _____ 1 , 3 __________________________0 , 1 - 0 , 6 - 3 . 5
A * 4 _ A * 2 ^ „ _ 3 * l ^
4 . 4 4 , 2 3 , 2 2 . 6 1 * 5 0 , 8 0 , 6 _____ 0 , 0
A * 2 _____4 ^ ^ 3 * 1 ____ 2 . 5 1 , 6 1 . 0 9 , ? 0 . 6
3 . 6 3 . 4 _ 2 . 5 1 . 9 ___ L . 0 _____ 0 . 4 ___0 . 3 - 0 . 2
3 . 6 3 . 4 2 . 6 ____ 2 . 1 _____ 1 . 3 ____0 . 8 _ 0 . 1 _____ 0 . _ 5 _
1 5 5 . 4
. 1 5 5 .1
1 5 6 .8
3 . 0 _
________1 5 7 ,7
_________________ 1 5 6 . 5
3 . 6 1 5 7 . 9 ____
4 — 7 9 1 - 8 0 2 - 8 0 3 - 8 0 4 - 6 0 1 - 8 1 2 - 8 1 3 - 8 1 4 - 8 1 1 - 8 2 2 - 8 2 3 - 8 2 4 - 8 2 1 - 8 3 2 - 8 3 3 - 8 3 4 - 8 3 1 - 8 4 2 - 8 4
I N I T I A L Q U A R T E R
11
P R E P A R E D B Y F E D E R A L R E S f c R V E B A N K O F S T . L O U I SN 0 V E H 6 E R 2 8 , 1 9 8 4
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
G R O S S N A T I O N A L P R O D U C T I N C U R R E N T D O L L A R SC O M P O U N D E D A N N U A L R A T E S O F C H A N G E ________
T E R M I N A I I N I T I A L Q U A R T E RB I L L I O N S O F
D O L L A R SQ U A R T E R
4 - 7 9 1 - 6 0 2 - 6 0 3 - 6 0 4 - 8 0 1 - 6 1 2 - 6 1 3 - 6 1 * - 9 1 1 - 8 2 2 - 6 2 3 - 6 2 4 - 6 2 1 - 6 3 2 - 6 3 3 - 6 3 4 - 6 3 1 - 6 4A N N U A L R A T E S
2 - 6 4
1 - 6 0 1 1 . 7 2 , 5 7 2 . 9
2 - 8 0 6 . 2 0 . 9 2 , 5 7 6 . 6
3 - 6 0 7 . 3 5 . 2 9 * 7 2 , 6 3 9 . 1
4 - 6 0 9 . 3 8 . 5 1 2 * 6 1 5 * 5 2 , 7 3 6 . 0
1 - 6 1 1 1 . 8 1 1 . 8 1 5 * 6 1 8 * 7 2 2 * 1 2 , 6 7 5 . 6
2 - 6 1 1 0 . 8 1 0 . 6 1 3 . 2 1 4 * 3 1 3 . 7 6 . 0 2 , 9 1 8 . 0
3 - 6 1 1 1 * 1 1 1 * 0 1 3 * 1 1 4 * 0 1 3 . 5 9 . 5 1 3 . 1 3 , 0 0 9 . 3
4 - 6 1 1 0 . 0 9 . 6 1 1 * 3 1 1 * 6 1 0 . 7 7 . 1 7 . 7 2 . 5 3 , 0 2 7 . 9
1 - 6 2 8 * 8 8 * 4 9 * 6 9 . 5 8 . 4 5 . 2 5 . 0 1 . 1 - 0 . 3 3 , 0 2 6 . 0
2 - 6 2 8 * 4 8 . 0 9 . 0 8 . 8 7 . 8 5 . 1 4 . 9 2 . 3 2 . 2 4 . 7 3 , 0 6 1 . 2
3 - 6 2 7 . 8 7 . 5 8 . 2 8 * 0 7 . 0 4 . 7 4 . 4 2 . 4 2 . 3 3 . 6 2 . 5 3 , 0 6 0 . 1
4 - 6 2 7 . 5 7 . 1 7 . 8 7 . 6 6 . 6 4 . 6 4 . 3 2 . 7 2 . 7 3 . 7 3 . 2 3 . 9 3 , 1 0 9 . 6
1 - 8 3 7 . 6 7 . 2 7 . 8 7 . 7 6 . 8 5 . 1 4 . 9 3 . 6 3 . 8 4 . 9 4 . 9 6 . 2 8 . 5 3 , 1 7 3 . 8
2 - 6 3 7 . 9 7 . 6 8 . 2 8 . 1 7 . 4 5 . 0 5 . 0 4 . 8 5 . 2 6 . 3 6 . 7 8 . 2 1 0 . 4 1 2 . 3 3 , 2 6 7 . 0
3 - 6 3 8 . 1 7 . 8 8 . 3 8 . 2 7 . 6 6 . 3 6 . 3 5 . 5 5 . 9 6 . 9 7 . 4 8 . 7 1 0 . 3 1 1 . 2 1 0 . 1 3 , 3 4 6 . 6
4 - 8 3 8 . 2 8 . 0 8 . 5 8 . 4 7 . 8 6 . 6 6 . 7 6 . 0 6 . 5 7 . 5 7 . 9 9 . 0 1 0 . 4 1 1 . 0 1 0 . 3 1 0 . 6 3 , 4 3 1 . 7
1 - 0 4 8 * 6 8 . 4 8 . 9 8 . 9 8 . 4 7 . 3 7 . 4 6 . 9 7 . 4 8 . 4 8 . 9 1 0 . 0 1 1 . 3 1 2 . 0 1 1 . 9 1 2 . 7 1 4 . 9 3 , 5 5 3 . 3
2 - 6 4 8 . 7 8 . 5 9 . 0 9 . 0 8 . 5 7 . 6 7 . 7 7 . 2 7 . 7 8 . 6 9 . 1 1 0 . 1 1 1 . 2 1 1 . 7 1 1 . 6 1 2 . 0 1 2 . 8 1 0 . 7 3 , 6 4 4 . 7
3 - 6 4 8 . 5 8 . 4 8 . 8 8 . 8 8 . 3 7 . 4 7 . 5 7 . 1 7 . 5 8 . 3 8 . 7 9 . 5 1 0 . 4 1 0 . 7 1 0 . 4 1 0 . 4 1 0 . 4 8 . 1 5 . 7 3 , 6 9 5 . 2
4 - 7 9 1 - 6 0 2 - 8 0 3 - 8 0 4 - 0 0 1 - 6 1 2 - 0 1 3 - 8 1 4 - 8 1 1 - 8 2 2 -6 2 3 -6 2 4 — 0 2 1 - 0 3 2 - » 3 3 - 6 3 4 - 6 3 1 - 6 4 2 - 6 4
t n i t t a l ( W ä r t e r
6 R 0 S S N A T I O N A L P R O O U C T I N 1 9 7 2 D O L L A R S
COMPQUMSP AN̂ Al RATE? Of CHA*frE___T E R M I N A L I N I T I A L Q U A R T E R
B I L L I O N S O F D O L L A R S
Q U A R T E R4 - 7 9 1 - 6 0 2 - 6 0 3 - 8 0 4 - 8 0 1 - 8 1 2 - 8 1 3 - 8 1 4 - 8 1 1 - 8 2 2 - 8 2 3 - 8 2 4 - 6 2 1 - 6 3 2 - 8 3 3 - 6 3 4 - 6 3 1 - 6 4
A N N U A L R A T E S2 - 6 4
1 — « 0 1 . 9 1 , 4 9 6 . 4
2 - 6 0 - 3 . 7 - 9 . 0 1 , 4 6 1 . 4
3 - 6 0 - 2 . 2 - 4 . 3 0 * 8 1 , 4 6 4 . 2
4 — 6 0 - 0 . 8 - 1 . 6 2 . 3 3 . 8 1 , 4 7 7 . 9
1 - 6 1 1 . 3 1 . 1 4 . 8 6 . 8 1 0 . 0 1 , 5 1 3 . 5
2 - 8 1 1 . 0 0 * 6 3 . 4 4 . 3 4 * 6 - 0 . 5 1 , 5 1 1 . 7
3 - 6 1 1 . 3 1 . 1 3 . 3 4 . 0 4 . 0 1 . 1 2 * 8 1 , 5 2 2 . 1
4 - 6 1 0 . 4 0 . 2 1 . 8 2 . 0 1 . 6 - 1 * 1 - 1 * 4 - 5 . 4 1 , 5 0 1 . 3
1 - 6 2 - 0 . 2 - 0 . 4 0 . 9 0 . 9 0 . 3 - 2 * 0 - 2 * 5 - 5 . 0 - 4 . 7 1 , 4 6 3 . 5
2 - 6 2 - 0 . 2 - 0 . 5 0 . 7 0 . 6 0 . 1 - 1 * 7 - 2 * 1 - 3 . 6 - 2 . 8 - 0 . 8 1 , 4 8 0 . 5
3 - 6 2 - 0 . 3 - 0 . 5 0 . 5 0 . 4 0 . 0 - 1 * 6 - 1 * 8 - 3 . 0 - 2 . 1 - 0 . 9 - 0 . 9 1 , 4 7 7 . 1
4 - 6 2 - 0 . 2 - 0 * 4 0 * 5 0 . 4 0 . 0 - 1 * 3 - 1 . 5 - 2 . 3 - 1 . 5 - 0 . 4 - 0 . 2 0 . 5 1 , 4 7 8 . 8
1 - 8 3 0 . 0 - 0 * 1 0 * 7 0 . 7 0 . 4 - 0 * 7 - 0 . 8 - 1 . 4 - 0 . 5 0 . 5 0 . 9 1 . 9 3 . 3 1 , 4 9 1 . 0
2 - 6 3 0 * 7 0 . 6 l * A 1 * 5 1 . 3 0 * 3 0 . 4 0 . 1 1 . 0 2 . 2 3 . 0 4 . 3 6 . 3 9 . 4 1 , 5 2 4 . 8
3 - 6 3 1 . 1 1 * 0 1*0_ 1 * 9 1 * 6 1 * 0 1 . 1 0 . 9 1 . 8 3 . 0 3 . 7 4 . 9 6 . 5 8 . 1 6 . 8 1 , 5 5 0 . 2
4 - 6 3 1 . 4 1 * 3 2 * 1 2 . 2 2 . 1 1 * 4 1 . 6 1 . 5 2 . 4 3 . 4 4 . 1 5 . 1 6 . 3 7 . 4 6 . 4 5 . 9 1 , 5 7 2 . 7
1 - 6 4 1 . 9 1 * 9 2 * 6 2 * 8 2 . T 2 . 1 2 . 3 2 . 3 3 . 2 4 . 2 4 . 9 6 . 0 7 . 1 6 . 0 7 . 6 6 . 0 1 0 . 1 1 , 6 1 0 . 9
2 - 6 4 2 . 1 2 . 2 2 . 9 3 . 0 3 . 0 2 . 5 2 . 7 2 . 7 3 . 6 4 . 5 5 . 2 6 . 1 7 . 1 7 . 9 7 . 5 7 . 7 6 . 6 7 . 1 1 , 6 3 6 . 6
3 - 6 4 2 * 1 2 . 1 2 . 6 3 . 0 2 . 9 2 . 4 2 . 7 2 . 7 3 . 4 4 . 3 4 . 6 5 . 6 6 . 3 6 . 8 6 . 3 6 . 2 6 . 3 4 . 5 1 . 9 1 , 6 4 6 . 5
4 - 7 9 1 - 6 0 2 - 6 0 3 - 6 0 4 - 8 0 1 - 8 1 2 - 6 1 3 - 8 1 4 - 6 1 1 - 6 2 2 - 6 2 4 - 8 2 T - * 3 2 - M 3 - 6 3 4 - 6 3 1 - 6 4 2 - 6 4
I N I T I A L Q U A R T E R
"FREFÄ1EÜ“ftY FEDERAL RESERVE BANK DF ST. LOUISNOVEMBER 20* 1904
1 2Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
RATIO SCALE
G R O S S N A T I O N A L P R O D U C T
Q U A R T E R L Y T O T A L S A T A N N U A L R A T E S RATIO SCALE
1 9 7 6 1 9 7 7 1 9 7 8 1 9 7 9 1 9 8 0 1981 1 9 8 2 1 9 8 3 1 9 8 4SOURCE: U.S. DEPARTMENT OF COMMERCE
PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED.
L A T E S T DATA P L O T T E D , 3RD QUARTER PREPARED BY FEDERAL RESERVE BANK OF S T . LO U. S
1 3Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
G E N E R A L P R I C E I N D E X *RATI O SCALE RATIO SCALE
1 976 1977 1978 1979 1980 1981 1982 1983 1984« A S USED IN N A T I O N A L INCOME AC COUNTS SOOKCEt U . S . DE PAR TM ENT O f COMMERCE
P E R C E N T A G E S ARE ANNUAL R A T ES Of CHANGE FOR P E R I O D S I N D I C A T E D .
L A T E S T DA TA P L O T T E D » 3RD OUARTER
PREPARED BY FE DE RA L R ESE RV E BANK OF S T . L O U I S
I M P L I C I T P R I C E D E F L A T O R FO R G R O S S N A T I O N A L P R O O O C T
_________________________________________ C O M P O UN D E D A N N U A L R A T E S Q F C H A N S * _________________________________________
TERMINAL__________________________ ______________________________________________________________ I N I T I A L W A R J E RO U A R T E R
4 — T 9 1 - 8 0 2 - 8 0 3 - 8 0 4 - 8 0 1 - Û 1 2 - 8 1 3 - 8 1 4 - 8 1 1 - 8 2 2 - 8 2 3 - 8 2 4 - 9 2 1 - 8 3 2 - 8 3 3 - 8 3 4 - 8 3 1 - 8 4 2 - 8 4
1 - f i O 9 . 6 1 7 1 . 9 4
? - f t O 1 0 . 3 1 0 . 9 1 7 6 . 4 6
3 - e o 9 . 8 9 . 9 8 . 8 1 8 0 . 2 4
4 - 8 0 1 0 . 2 1 0 . 4 1 0 . 1 1 1 . 3 1 8 5 . 1 3
i - a i 1 0 . 3 1 0 . 5 1 0 . 4 1 1 . 1 1 1 . 0 1 9 0 * 0 1
2 - 8 1 9 . 7 9 . 7 9 . 4 8 . 7 6 . 5 1 9 3 . 0 3
3 - 8 1 9 . 7 9 . 8 9 . 5 9 . 2 8 . 3 1 0 . 0 1 9 7 . 7 0
4 - 8 1 9 . 6 9 . 5 9 . 3 8 . 9 8 . 3 9 . 2 8 . 3 2 0 1 . 6 9
1 - 8 2 9 . 0 8 . 9 8 . 6 8 . 6 8 . 1 7 . 4 7 . 6 6 . 5 4 . 6 2 0 3 . 9 8
2 — 8 ? 8 . 6 8 . 5 8 . 2 8 . 2 7 . 6 7 . 0 7 . 1 5 . 1 5 . 6 2 0 6 . 7 7
3 — 8 2 8 . 2 8 . 0 7 . 7 7 . 0 6 . 4 6 . 4 5 . 5 4 . 5 4 . 5 3 . 4 2 0 8 . 5 3
4 - 8 2 7 . 8 7 . 6 7 . 3 6 . 6 6 . 0 5 . 9 5 . 1 4 . 3 4 . 1 3 . 4 3 . 4 2 1 0 . 2 7
1 - 8 3 7 . 5 7 . 4 7 . 1 ft# 7 6 . 4 5 . 8 5 . 7 5 . 1 4 . 4 4 . 4 4 . 0 4 . 2 5 . 0 2 1 2 . 8 7
2 - 8 3 7 . 2 7 . 0 6 . 7 6 t 5 6 . 0 5 . 5 5 . 4 4 . 7 4 . 1 4 . 0 3 . 6 3 . 7 3 . 8 2 . 6 2 1 4 . 2 5
3 - 8 3 6 . 9 6 . 7 6 . 4 p t Z 5 . 7 5 . 2 5 . 1 4 . 5 4 . 0 3 . 9 3 . 5 3 . 5 3 . 6 2 . 9 3 . 1 2 1 5 . 8 9
4 - 8 3 6 . 7 6 . 6 6 . 3 5 . 6 5 . 2 5 . 0 4 . 5 4 . 0 3 . 9 3 . 7 3 . 7 3 . 8 3 . 4 3 . 7 4 . 4 2 1 8 . 2 1
1 - 8 4 6 . 6 6 . 4 6 . 1 ? ♦ 7 5 . 5 5 . 1 5 . 0 4 . 5 4 . 1 4 . 0 3 . 8 3 . 8 3 . 9 3 . 6 4 . 0 4 . 4 4 . 4 2 2 0 . 5 8
2 - 8 4 6 . 4 6 . 2 6 . 0 ^ # 0 5 . 4 5 . 0 4 . 8 4 . 4 4 . 0 3 . 9 3 . 7 3 . 7 3 . 8 3 . 6 3 . 8 4 . 0 3 . 9 3 . 3 2 2 2 . 4 0
3 - 8 4 6 * 3 6 . 1 5 . 8 5 . 3 4 . 9 4 . 7 4 . 3 4 . 0 3 . 9 3 . 7 3 . 7 3 . 6 3 . 6 3 . 8 4 . 0 3 . 6 3 . 5 3 . 7 2 2 4 . 4 4
4 - 7 9 1 - 8 0 2 - 8 0 3 - 8 0 4 - 8 0 1 - 8 1 2 - 8 1 3 - 8 1 4 - 8 1 1 - 8 2 2 - 8 2 3 - 8 2 4 — 8 2 1 - 8 3 2 - 8 3 3 - 8 3 4 - 8 3 1 - 8 4 2 - 8 4
IN IT IA L OUARTER
1 4
6Ÿ «W ftÀ l ABE UVE BANK Of ST. LOUISN O V E M B E R 2 0 , 1 9 0 4
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
P E R S O N A L C O N S U M P T I O N E X P E N D I T U R E S I N C U R R E N T D O L L A R S___________ CQWPQUNOEO ANNUAL RATES OP CHANGE_____________
B I L L I O N S O FD O L L A R S
QUARTER4 - 7 9 .. 1 - 6 0 .2*3.0- 3 - 6 0 4 - 8 0 1 -8 1 2—81 3 -6 1 4 -8 1 1 -6 2 2 - 8 2 3 - 6 2 4 - 8 2 1 -6 3 2 - 6 3 3 - 6 3 4 - 8 3 1 -8 4
ANNUAL RATES2 - 8 4
_ l - e o 1 1 .2 1 , 6 2 0 . 5
2 - 8 0 6 . 2 1 ,5 1 , 6 2 6 . 4
3 - 6 0 9 , 0 7 , 9 1 4 ,6 1 , 6 8 3 . 4
4 - 8 0 1 0 .4 _ 1 0 ,1 1 4 ,7 1 4 ,6 1 , 7 4 1 . 9
1 - 6 1 1 1 .0 1 0 , 9 1 4 , 3 H , l _ 1 3 ,5 1 , 7 9 7 . 9
2 - 8 1 1 0 . 4 _ 1 Q ,2 1 2 ,5 1 1 . 7 1 0 . 3 7 . 2 1 , 8 2 9 . 3
3 - 8 1 1 0 . 4 1 0 ,3 1 2 ,2 1 1 ,5 1 0 ,5 9 . 0 1 0 . 9 1 , 8 7 7 ¿3
4 - 6 1 9 . 5 9 . 2 1 0 .6 9 . 8 8 . 6 7 . 0 6 . 9 3 .1 1 , 8 9 1 . 8
1 - 8 2 9 . 4 9 .2 1 0 ,3 9 . 6 8 . 6 7 . 4 7 . 5 5 . 8 8 . 6 1 , 9 3 1 . 3
2 - 6 2 9 . 1 8 . 8 9 . 8 9 . 1 8 . 2 7 . 2 7 .2 6 . 0 7 . 4 6 . 3 1 , 9 6 0 . 9
3 - 8 2 9 . 0 8 .8 9 . 7 9 . 0 8 , 3 7 . 4 7 . 5 6 . 6 7 . 8 7 . 4 8 . 5 2 , 0 0 1 . 3
4 - 8 2 9 . 0 8 .8 9 , 6 9 , 1 8 . 4 7 . 7 7 . 8 7 . 1 8 . 2 8 . 0 8 . 9 9 . 3 2 , 0 4 6 . 1
1 - 8 3 8 . 7 8 ,5 9 , 2 8 , 6 8 . 0 7 . 3 7 .3 6 . 7 7 . 5 7 . 2 7 . 5 7 . 0 4 . 8 2 , 0 7 0 . 4
2 - 8 3 9 . 1 9 .0 9 . 6 9 , 1 8 . 6 8 .1 8 . 2 7 . 8 8 . 6 8 . 6 9 . 2 9 . 5 9 . 6 1 4 .5 2 , 1 4 1 . 6
3 - 8 3 9 . 0 8 . 9 9 . 5 9 , 0 8 . 5 8 . 0 8 .1 7 . 8 8 . 5 8 . 5 8 . 9 9 . 0 8 . 9 1 1 . 0 7 . 6 2 , 1 8 1 . 4
4 - 8 3 9 . 0 8 . 9 9 . 4 9 . 0 8 . 6 8 . 2 8 . 2 8 . 0 8 . 6 8 . 6 9 . 0 9 . 0 9 . 0 1 0 . 4 8 . 4 9 . 3 2 , 2 3 0 . 2
1 - 8 4 9 . 0 8 .9 9 . 4 9 , 0 8 . 6 8 . 2 8 .3 8 . 0 8 . 6 8 . 6 8 . 9 9 . 0 8 . 9
o•o
8 . 5 8 . 9 8 . 6 2 , 2 7 6 . 5
2 - 8 4 9 . 1 8 . 9 9 . 4 9 . 1 8 . 7 8 . 3 8 . 4 8 .2 8 . 7 8 . 8 9 . 1 9 . 2 9 . 1 1 0 . 0 8 . 9 9 . 4 9 . 4 1 0 .2 2 , 3 3 2 . 7
3 - 8 4 8 . 9 8 .7 9 . 2 8 . 8 8 . 4 8 . 1 8 . 2 7 . 9 8 . 4 8 . 4
o♦00 8 . 6 8 . 5 9 . 1 8 . 1 8 . 2 7 . 9 7 . 5 4 . 9 2 , 3 6 0 . 8
4 - 7 9 1 -6 0 2 - 6 0 3 - 6 0 4 - 8 0 1 -8 1 2 -8 1 3 -8 1 4 -8 1 1-8 2 ¿ - 8 2 3—82 4 - 8 2 1 -8 3 2 - 8 3 3 - 6 3 4 - 6 3 1—84 2 -Ö 4
I N I T I A L QUARTER
PERSONAL CONSUMPTION EXPENDITURES IN 1972 DOLLARS COMpQUHOED ANNUAL RATES OF CHANGE
TERMINAL I N I T I A L QUARTERB I L L I O N S OF
DOLLARSQUARTER
4 - 7 9 1 -6 0 2 - 6 0 3—00 4 - 8 0 1 -8 1 2 - 8 1 3 -8 1 4 -8 1 1 -8 2 2 -8 2 3 -8 2 4 - 8 2 1 - 8 3 2 - 8 3 3 - 6 3 4 - 8 3 1 - 8 4ANNUAL RATES
2 - 8 4
1 - 6 0 - 0 . 1 9 3 8 . 3
2 - 6 0 - 4 . 0 - 7 . 7 9 1 9 . 6
3 - 8 0 - 1 , 3 - 1 , 9 4 , 3 9 2 9 . 4
4 - 6 0 0 . 1 0 . 2 4 . 5 4 , 6 9 4 0 . 0
1 -6 1 1 . 0 1 .3 4 . 5 4 . 5 4 . 4 9 5 0 . 2
2 - 6 1 __0,_7 0 ,9 3 . 2 2 , 8 1*9 - 0 . 5 9 4 9 . 1
i r f t l .. 1 . 0 1 .2 3 . 1 2 . 8 2 . 2 1 , 2 2 , 8 9 5 5 . 7
4 - 8 1 0 . 4 0 . 5 2LrO_ 1 , 5 0 , 7 - 0 , 5 - 0 . 5 - 3 , 7 9 4 6 . 8
1 -6 2 0 . 7 o . e 2 . 1 1 . 7 1 , 2 0 , 4 0 . 6 - 0 . 4 2 . 9 9 5 3 . 7
2 - 6 2 0 . 9 1 , 0 2 . . 1 .. 1 . 8 1 . 3 0 . 7 1 , 0 0 , 4 2 . 6 2 . 2 9 5 8 . 9
3 - 6 2 1 . 0 1 . 1 2 . 1 1 . 9 1 . 5 1 . 0 1 ,3 0 . 9 2 . 5 2 . 2 2 . 2 9 6 4 . 2
4 - 8 2 1 , 3 1 2 , 4 2 , 2 1 , 9 1 . 6 1 . 9 1 . 7 3 . 1 3 . 2 3 . 7 5 . 1 9 7 6 . 3
L r f i i . W . 4 i t i 2 , 2 2 . 0 1 . 7 2 . 0 1 . 9 3 . 0 3 . 0 3 . 3 3 . 8 2 . 6 9 8 2 . 5
2 - 6 3 2 . 0 2 , 2 3 , 0 2 , 9 2 . 8 2 . 6 3 . 0 3 . 0 4 . 1 4 . 4 4 . 9 5 . 8 6 . 2 1 0 . 0 1 , 0 0 6 . 2
3 - 6 3 2 . 1 2 . 3 3 , 1 3 , 0 2 , 9 2 , 7 3 . 1 3 ,1 4 . 1 4 . 3 4 . 7 5 . 3 5 . 4 6 . 9 3 . 8 1 , 0 1 5 . 6
4 - 6 3 2 , 4 2,6__ 3 , 4 3 , 3 3 . 2 3 . 1 3 . 4 3 . 5 4 . 4 4 . 6 5 . 0 5 . 6 5 . 7 6 . 8 5 . 3 6 . 6 1 , 0 3 2 . 4
1 - 6 4 2 . 5 2 . 7 3 , 4 3 , 4 3 , 3 3 , 2 3 , 5 3 . 6 4 . 4 4 . 6 5 . 0 5 . 5 5 . 5 6 . 3 5 . 1 5 . 7 4 . 6 1 , 0 4 4 . 1
2 - 6 4 2 , 6 3 ,0 _ 3 , 7 3 , 7 3 . 6 3 . 5 3 . 9 4 . 0 4 . 8 5 . 0 5 . 3 5 .8 5 . 9 6 . 6 5 . 6 6 . 4 6 . 3 7 . 9 1 , 0 6 4 . 2
3 - 6 4 2 , 7 2 , 9 3 , 5 3 , 5 3 . 4 3 . 3 3 . 6 3 . 7 4 . 4 4 . 5 4 . 8 5 . 1 5 . 1 5 . 6 4 . 7 4 . 9 4 . 3 4 . 2 0 . 5 1 , 0 6 5 . 6
4 - 7 9 1 -6 0 2 - 6 0 3 - 6 0 4 - 6 0 1 - 6 1 2 - 6 1 3 - 6 1 4 — 6 1 1 - 8 2 2 - « 3 - 6 2 4 - 6 2 1 - 6 3 2 - « 3 - 6 3 4 - 6 3 1 -6 4 2 - 6 4
I N I T I A L QUARTER
NOVEM BER 2 0 , 1984
1 5Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
G R O S S P R Í V A T E D O M E S T I C I N V E S T M B f T I N C U R R E N T D O L L A R S___________ COHPW H PED A fW A l RATES QP £HA»*E_____________
B I L L I O N S O FT E R M I N A L ______________________________________________________________________________ _________ I M I T I A L W A L T E R _______________________________________ _____________________________________________ D O L L A R SQ U A R T E R
4 - 7 9 1 - 8 0 2 - 6 0 3 - 6 0 4 - 8 0 1 - 8 1 2 - 9 1 ? - « L _ + * 1 . 1 - t t 2 - 6 2 3 - « . 4 - 8 2 - 1 — 8 3 ... 2 — 6 3 3 - 6 3 4 - 6 3 1 - 6 4AfefcÜAL R A T É S
2 - 8 4
1 - M . _ 5 * 1 4 2 2 . 0
2 - 6 0 - 1 0 , 5 - 2 3 * 8, 3 9 4 . 3
3 - 8 0 - 1 1 * 8 - 1 9 . 1 - 1 4 . 2 3 7 9 . 5
4 - 8 0 - 1 * 2 - 3 * 2 9 * 0 3 8 * 5 4 1 1 . 7
. l r f t l _ 9 * 7 1 0 * 9 2 5 * 7 5 2 * 1 * 1 * 1 4 6 8 , 1
2 - 8 1 1 0 t O 1 1 . 1 2 2 . 0 3 7 * 2 3 6 . 6 1 1 . 6 4 8 1 . 1
3 - 8 1 1 1 * 7 1 2 * 8 2 2 . 0 3 3 . 3 3 1 . 6 1 6 . 8 2 2 . 2 5 0 5 ; 8
4 - 6 1 7 * 5 7 . 9 1 4 . 3 2 1 . 0 1 7 . 0 3 . 9 0 . 2 - 1 7 , 7 4 8 1 . 7
1 - 8 2 ... 2 * 0 1 * 7 5 * 9 9 * 7 4 . 7 - 6 . 8 - 1 2 . 2 — 2 5 . 6 - 3 2 , 6 4 3 6 . 2
2 - 8 2 1 * * 1 * 0 4 . 6 7 . 6 3 . 1 — 6 . 4 - 1 0 . 4 - 1 9 , 2 - 1 9 , 9 - 4 , 5 4 3 1 . 2
3 - 8 2 - 0 , 1 - 0 * 6 2 * 4 4 * 7 0 . 6 - 7 . 6 - 1 1 . 0 - 1 7 , 8 - 1 7 , 8 - 9 , 1 - 1 3 . 5 4 1 5 . 9
4 - 6 2 - 3 . 4 - 4 . 1 - 1 . 9 - 0 . 4 - 4 , 4 - 1 1 . 7 - 1 5 . 1 - 2 1 . 1 - 2 1 , 9 - 1 7 , 9 - 2 3 . 9 - 3 3 , 1 3 7 6 . 2
1 - 8 3 - 0 * 9 - 1 * 4 1 * 0 2 . 6 - 0 . 7 - 7 . 0 - 9 . 4 - 1 3 . 8 - 1 3 , 0 - 7 , 2 - 8 . 0 - 5 , 2 3 4 , 3 4 0 5 . 0
2 - 8 3 2 . 2 2 * 0 4 * 5 6 * 4 3 . 6 - 1 * 8 - 3 . 3 - 6 . 5 - 4 , 5 2 . 5 4 . 3 1 0 , 9 4 2 . 8 5 1 . 9 4 4 9 . 6
3 - 8 3 4 * 5 4 . 5 7 . 0 9 . 0 6 . 7 2 . 0 1 . 0 - 1 . 4 1 , 2 8 , 3 1 1 . 1 1 8 , 3 4 3 . 0 4 7 . 5 4 3 . 3 4 9 1 . 9
4 - 8 3 6 . 7 6 . 8 9 . 4 1 1 * 5 9 . 5 5 . 3 4 . 7 3 . 0 5 , 9 1 3 , 0 1 6 . 2 2 3 , 2 4 3 . 5 4 6 . 8 4 4 . 3 4 5 . 2 5 4 0 . 0
1 - 6 4 1 0 * 0 1 0 . 3 1 3 . 0 1 5 * 3 1 3 . 6 1 0 . 0 9 . 9 8 . 7 1 2 , 2 1 9 . 6 2 3 . 5 3 1 , 0 4 9 . 9 5 4 . 0 5 4 . 7 6 0 . 8 7 8 . 1 6 2 3 . 8
2 - 8 4 9 . 5 9 . 8 1 2 . 3 1 4 . 3 1 2 . 8 9 . 4 9 . 2 8 , 1 1 1 , 1 1 7 . 5 2 0 . 6 2 6 , 4 4 0 . 6 4 1 . 9 3 9 . 5 3 8 . 2 3 4 . 8 2 . 1 6 2 7 . 0
3 - 8 4 1 0 , 2 1 0 . 5 1 3 . 0 1 4 . 9 1 3 . 5 1 0 . 4 1 0 . 3 9 , 4 1 2 , 3 1 8 . 2 2 1 . 0 2 6 , 2 3 8 . 2 3 6 . 8 3 6 . 3 3 4 . 6 3 1 . 3 1 2 . 7 2 4 . 5 6 6 2 . 3
4 - 7 9 1 - 6 0 2 - 8 0 3 - 8 0 4 - 8 0 1 - 8 1 2 - 8 1 3 - 8 1 4 - 8 1 1 - 8 ¿ 2 - 8 2 3 - 8 2 4 - 8 2 1 - 8 3 2 - 8 3 3 - 8 3 4 - 8 3 1 - 8 4 2 - 5 4
IN IT IA L QUARTER
G R O S S P R I V A T E D O M E S T I C I N V E S T M E N T I N 1 9 7 2 D O L L A R S
_______________ C O MPO U N D E D . A N N U A L JRA T E S Q P C H A N G E _______________
T £ R M I H A L - I I I A 1 - Q U A R T E R -
B I L L I O N S O F D O L L A R S
A N N U A L R A T E SQ U A R T E R4 - 7 9 1 - 6 0 2 - 6 0 3 - 6 Q 4 - 8 0 ____L r f i l ____2 = f t l ____3 - 8 1 4 - 8 1 1 - 8 2 2 - 8 2 ____4 - « ______________ 3 ^ 3 , 4 ^ 8 3 _________________________1 - 8 4 . 2 - 6 4
1-60 - 1 . 8 2 24 .3
2 -8 Q - 1 9_jl3 . 3 3 ^ 7
3-gQ -ifr«2 ~22t? -?t5 1 9 7 . 4
_____ 7 * 7 2 8 *1
1 - 8 1 1 . 1 1 . 9 1 7 . 6 3 4 . 0 4 0 , 2 2 2 6 . 5
2 - 8 1 2 . 2 3 * 0 1 5 * 0 2 4 * 6 2 2 * 9 7 , 7 2 3 2 . 8
3 — fl 1 3 . 3 4 . 2 1 4 . 0 2 0 . 8 1 8 , 5 8 , 9 1 0 . 2 2 3 0 . 5
4 - 6 1 - 0 . 4 - 0 * 2 6 . 9 1 0 * 5 6 * 5 - 2 * 8 - 7 * 7 - 2 2 . 6 2 2 3 . 7
1 - 8 2 - 4 . 2 - 4 . 5 0 * 6 2 * 5 - 2 * 0 - 1 0 * 4 - 1 5 , 8 - 2 6 * 3 - 2 9 . 9 2 0 4 . 7
2 - 6 2 - 4 . 6 - 4 . 9 - 0 * 5 0 . 9 - 3 * 1 - 1 0 * 0 - 1 3 . 9 - 2 0 . 7 - 1 9 . 7 - 6 . 1 2 0 0 . 4
3 - 6 2 — 5 * 2 - 5 * 6 - 1 * 8 - 0 * 8 - 4 * 3 - 1 0 * 2 - 1 3 . 5 - 1 8 . 5 - 1 7 . 1 - 9 . 9 - 1 1 . 6 1 9 4 . 3
4 - 8 2 - 7 * 6 - 8 * 1 - 5 . 1 - 4 * 5 - 8 * 0 - 1 3 * 4 - 1 6 , 4 - 2 0 . 9 I fs> O - 1 7 . 1 - 2 1 . 3 - 2 9 . 9 1 7 7 . 6
1 - 6 3 - 4 . 9 - 5 * 2 - 2 . 0 - 1 . 2 - 4 , 1 - 8 . 5 - 1 0 . 6 - 1 3 . 7 - 1 1 . 8 - 6 . 5 - 6 . 0 - 3 . 1 3 4 . 0 1 9 1 . 3
2 - 6 3 - 1 * 6 - 1 * 6 1 . 7 2 . 7 0 * 5 - 3 * 2 - 4 . 4 — 6 . 4 - 3 . 3 3 . 1 6 ♦ 1 1 2 . 8 4 3 . 0 5 2 . 5 2 1 2 . 6
3 - 6 3 0 . 6 0 * 8 4 * 1 5 . 3 3 , 5 0 * 4 —0 . 4 - 1 . 7 1 . 8 8 . 3 1 1 . 9 1 8 . 7 4 1 . 4 4 5 . 3 3 8 . 4 2 3 0 . 6
4 - 6 3 2 * 6 2 * 9 6 * 2 7 , 5 5 , 9 3 * 2 2 . 8 2 . 0 5 . 6 1 2 . 0 1 5 . 7 2 2 . 1 4 0 . 3 4 2 . 5 3 7 . 7 3 7 . 0 2 4 9 . 5
1 - 6 4 5 * 7 6 * 2 9 * 6 1 1 . 1 9 , 9 7 * 7 7 . 7 7 . 5 1 1 . 5 1 8 . 1 2 2 . 4 2 9 . 2 4 6 . 1 4 9 . 2 4 8 . 2 5 3 . 3 7 1 . 5 2 6 5 . 5
2 - 6 4 5 . 3 5 . 7 8 , 6 1 0 , 2 9 , 0 6 * 9 6 . 8 6 . 5 1 0 . 0 1 5 . 6 1 9 . 0 2 4 . 2 3 6 . 6 3 7 . 1 3 3 . 5 3 1 . 9 2 9 . 5 - 2 . 2 2 8 3 . 9
3 - 6 4 6 * 3 6 , 7 9 * 8 1 1 * 1 1 0 , 0 8 * 2 8 . 2 8 . 0 1 1 . 3 1 6 . 6 1 9 . 7 2 4 . 4 3 5 . 0 3 5 . 2 3 1 . 9 3 0 . 4 2 8 . 2 1 0 . 9 2 5 . 7 3 0 0 . 6
4 - 7 9 1 - 8 0 2 - 0 0 3 — 6 0 4 - 6 0 1 - 8 1 2 - 6 1 3 - 6 1 4 - 8 1 1 - 6 2 2 - 6 2 3 - 6 2 4 - 8 2 1 - 6 3 2 - 6 3 3 - 6 3 4 - 6 3 1 - 6 4 2 - 8 4
Pft£*AT®5“ ftY ttö «A L HESÉRVE 6ÄRK OF ST. LOUITN O V E M B E R 2 0 , 1 9 8 4
1 6Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
G O V E R N M E N T P U R C H A S E S O F G O O D S A N D S E R V I C E S I N C U R R E N T D O L L A R S____________________ C O M P O U N D E D A N N U A L R A T E S O F C H A N G E ________________________
T E R M I N A L I N I T I A L Q U A R T E R
B I L L I O N S O F D O L L A R S
Q U A R T E R4 - 7 9 1 - 6 0 2 - 6 0 3 - 8 0 4 - 8 0 1 - 6 1 2 - 8 1 3 - 6 1 4 - 6 1 1 - 6 2 2 - 8 2 3 - 6 2 4 - 8 2 1 - 6 3 2 - 6 3 3 - 6 3 4 - 8 3 1 - 8 4
A N N U A L R A T E S2 - 0 4
1 - 8 0 1 7 . 1 5 1 7 . 6
2 - 6 0 1 5 . 8 1 4 . 6 5 3 5 . 5
3 - 6 0 11 *3 8 . 5 2 , 7 5 3 9 . 1
4 - 6 0 1 2 * 3 1 0 * 8 9 * 0 1 5 * 6 5 5 9 . 0
1 - 8 1 1 2 . 5 1 1 * 4 1 0 * 4 1 4 * 4 1 3 * 2 5 7 6 . 6
2 - 6 1 1 1 * 4 1 0 * 3 9 * 3 1 1 * 6 9 * 6 6 . 2 5 8 5 . 3
3 - 8 1 1 1 . 4 1 0 * 5 9 * 7 1 1 * 5 1 0 * 2 8 . 8 1 1 . 4 6 0 1 . 3
4 - 8 1 1 1 . 9 1 1 * 1 1 0 * 6 1 2 * 2 1 1 * 4 1 0 * 8 1 3 * 2 1 5 . 0 6 2 2 . 7
1 - 8 2 1 1 * 1 1 0 * 4 9 * 8 1 1 * 1 1 0 * 2 9 . 4 1 0 * 5 1 0 . 1 5 . 4 6 3 0 . 9
2 - 6 2 1 0 . 2 9 . 4 8 * 8 9 * 7 8 . 7 7 * 8 8 * 3 7 * 2 3 . 6 1 . 8 6 3 3 . 7
3 - 6 2 1 0 . 6 1 0 . 0 9 * 5 1 0 * 3 9 * 6 9 * 0 9 * 6 9 * 1 7 * 3 8 . 2 1 5 . 0 6 5 6 . 3
4 - 6 2 1 1 . 0 1 0 * 5 1 0 * 1 1 0 * 9 1 0 * 4 1 0 * 0 1 0 . 6 1 0 * 5 9 * 4 1 0 . 7 1 5 . 5 1 5 . 9 6 8 1 . 0
1 - 8 3 1 0 * 0 9 * 5 9 * 0 9 * 7 9 . 0 8 * 5 8 . 8 8 . 4 7 * 1 7 . 6 9 . 6 7 . 0 - 1 . 3 6 7 8 . 8
2 - 8 3 9 . 4 8 * 9 8 * 4 8 * 9 8 . 3 7 * 8 8 . 0 7 . 5 6 . 3 6 . 5 7 . 7 5 . 3 0 . 4 2 . 0 6 8 2 . 2
3 - 6 3 9 * 1 8 * 6 8 * 1 8 * 6 7 . 9 7 * 4 7 . 6 7 . 1 6 . 0 6 » 1 7 . 0 5 . 1 1 . 7 3 . 3 4 * 5 6 8 9 . 8
4 - 8 3 8 * 6 8 * 0 7 * 6 8 . 0 7 . 3 6 . 8 6 . 9 6 . 4 5 . 4 5 . 4 6 . 0 4 . 3 1 . 5 2 . 5 2 . 7 0 . 9 6 9 1 . 4
1 - 8 4 8 * 5 8 * 0 7 * 6 7 . 9 7 . 4 6 * 9 7 . 0 6 . 5 5 . 6 5 . 7 6 . 2 4 . 8 2 . 7 3 . 8 4 . 4 4 . 3 7 . 7 7 0 4 . 4
2 - 6 4 9 * 3 8 * 9 8 * 6 9 . 0 8 . 5 8 * 1 8 . 3 8 . 0 7 . 4 7 * 6 8 . 3 7 . 4 6 . 0 7 . 6 9 . 0 1 0 . 6 1 5 . 7 2 4 . 3 7 4 3 . 7
3 - 6 4 9 . 4 9 . 0 8 * 7 9 * 0 8 . 6 8 . 3 8 . 5 8 . 2 7 . 6 7 . 8 8 . 5 7 . 8 6 . 6 8 . 0 9 * 3 1 0 . 5 1 3 . 8 1 7 . 0 1 0 . 2 7 6 2 . 0
4 - 7 9 1 — 8 0 2 - 8 0 3 - 0 0 4 - 8 0 1 - 8 1 2 - 8 1 3 - 6 1 4 - 8 1 1 - 8 2 2 - 8 2 3 - 8 2 4 - 8 2 1 - 8 3 2 - 8 3 3 - 6 3 4 - 6 3 1 - 8 4 2 - 6 4
I N I T I A L Q U A R T E R
G O V E R N M E N T P U R C H A S E S O F G O O O S A N O S E R V I C E S I N 1 9 7 2 D O L L A R S
____________ Cffl lPQ i M i E P A m f A k J i A I E S.-OF ÇHAE&E__________________B I L L I O N S O F
T E R M I N A L I N I T I A L Q U A R T E R D O L L A R S
Q U A R T E R4 - 7 9 1 - 8 0 2 - 8 0 3 - 8 0 4 - 8 0 1 - 8 1 2 - 8 1 3 - 8 1 4 - 8 1 1 - 8 2 2 - 8 2 3 - 8 2 4 - 8 2 1 - 8 3 2 - 8 3 3 - 8 3 4 - 6 3 1 - 8 4
A N N U A L R A T E S2 - 8 4
1 - 0 0 4 . 0 2 8 4 . 0
2 - 6 0 4 . 0 4 . 0 2 8 6 . 8
3 - 6 0 1 * 3 0 * 0 - 3 . 8 2 8 4 . 0
4 - 6 0 0 . 5 - 0 , 7 - 3 . 0 - 2 * 1 2 8 2 . 5
_______ 1 - 6 1 1 . 4 0 . 7 - 0 . 4 1 . 4 5 . 0 2 8 6 . 0
0 , 9 0 , 3 _ - 0 , 6 _ 0 _ j l5 1 * 8 - 1 * 3 2 8 5 . 1
3 - 8 1 1 . 3 0 . 8 0 . 2 1 . 2 2 * 3 1 * 0 3 * 3 2 8 7 . 4
4 - 0 1 1 . 5 1 , 1 0 , 6 1 , 6 2 * 5 1 * 7 3 * 2 3 * 1 2 8 9 . 6
1 - 6 2 1 . 4 1 . 1 0 . 7 _ 1 . 5 2 , 2 1 , 5 2 . 4 2 . 0 0 * 8 2 9 0 . 2
2 - 6 2 0 . 8 0 * 5 0 , 0 0 , 6 1 * 1 0 * 3 0 * 7 - 0 . 2 - 1 . 8 - 4 * 3 2 6 7 . 0
3 - 6 2 1 . 5 1 . 2 0 . 9 1 * 5 2 * 1 1 * 6 2 * 2 1 . 9 1 . 5 1 . 8 8 . 3 2 9 2 . 8
4 - 6 2 2 * 2 2 , 1 1 , 9 2 . 6 3 * 2 2 . 9 3 * 6 3 * 7 3 . 8 4 * 8 9 . 7 1 1 . 1 3 0 0 . 6
1 - 6 3 1 . 4 1 . 2 0 . 9 1 * 4 1 * 8 1 . 4 1 * 8 1 * 6 1 . 3 1 . 4 3 . 4 1 . 0 - 8 . 1 2 9 4 . 3
2 - 8 3 1 * 1 0 * 9 0 . 6 1 * 1 1 , 4 1 . 0 1 * 3 1 * 0 0 . 6 0 . 6 1 . 9 - 0 . 2 - 5 . 4 - 2 * 6 2 9 2 . 4
3 - 8 3 1 , 0 0 , 6 0 , 6 0 , 9 1 * 2 0 . 8 1 * 1 0 * 8 0 . 5 0 . 4 1 . 4 - 0 . 3 - 3 . 8 - 1 * 6 - 0 * 5 2 9 2 . 0
4 - 6 3 0 . 7 0 . 4 0 . 2 0 . 5 0 . 7 0 * 4 0 * 5 0 * 2 - O . i - 0 . 3 0 . 4 - 1 . 1 - 3 * 9 - 2 * 5 - 2 . 4 - 4 . 3 2 6 0 . 0
1 - 6 4 0 . 7 0 , 5 . 0 , 3 0 * 5 0 . 8 0 * 4 0 * 6 0 * 3 0 . 0 - 0 * 1 0 . 5 - 0 . 8 — 3 * 0 - 1 * 6 - 1 * 3 - 1 * 7 1 . 0 2 8 9 . 5
2 - 6 4 1 , 6 1 , 5 U 3 1 . 7 1 * 9 1 * 7 1 * 9 1 * 8 1 . 7 1 * 8 2 . 6 1 . 8 0 * 3 2 . 1 3 * 3 4 * 6 9 . 4 1 6 . 6 3 0 2 . 1
3 - 6 4 1 , 9 1 , 2 1 ^ 6 1 . 9 2 . 2 2 * 0 2 * 3 2 * 2 2 . 1 2 . 2 3 . 0 2 . 4 1 * 2 2 * 0 3 * 9 5 * 1 0 * 4 1 2 . 3 6 * 4 3 0 6 . 8
4 - 7 9 1 - 0 0 2 - 0 0 3 - 0 0 4 - 0 0 1 - 6 1 2 - 6 1 3 - 6 1 4 — éì i - e ¿ 2 - 0 2 y-tt 4 - 6 2 1 - 0 3 2 - 6 3 5 - 6 3 4 - 0 3 1 - 6 4 2 - 0 4
I N I T I A L Q U A A f E R
1 7
W E r a fô “ ftŸ FETHrlWL RESERVE BANK OF ST* LOUISN O V E M B E R 2 0 » 1 W 4
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
D I S P O S A B L E P E R S O N A L I N C O M E I N C U R R E N T D O L L A R S
T E R M I N A I .____ I N I T I A L Q U A R T E RB I L L I O N S O F
D O L L A R SQ U A R T E R
4 - 7 9 1 - 8 0 2 - 8 0 3 - 8 0 4 - 8 0 1 - 8 1 2 d 3 1 M l 4 - 8 1 1 - 8 2 2 - 8 2 3 - 8 2 4 - 8 2 1 - 8 3 2 - 0 3 3 - 8 3 4 - 8 3 1 - 8 4A N N U A L R A T E S
2 - 8 4
1 — 8 0 1 3 . 9 1 , 7 7 1 . 7
2 - 8 0 8 . 9 4 . 1 1 , 7 8 9 . 8
3 - 8 0 1 0 * 3 8 . 6 1 3 . 2 1 , 8 4 6 . 0
4 - 8 0 11 4.3 1 0 . 4 1 3 . 6 1 4 . 1 1 , 9 0 8 . 0
L - f l l . 1 L * 8 1 1 * 3 1 3 . 8 1 4 . 2 1 4 . 2 1 , 9 7 2 . 5
2 - 8 1 1 1 . 0 10_*4 1 2 . 1 1 1 . 7 1 0 . 5 7 . 0 2 , 0 0 6 . 0
3 - 8 1 1 1 . 6 1 1 . 2 1 2 . 7 1 2 . 6 1 2 . 1 1 1 . 0 1 5 . 3 2 , 0 7 8 . 6
4 - 6 1 1 0 . 9 1 0 . 5 1 1 . 6 1 1 . 3 1 0 . 6 9 . 4 1 0 . 6 6 . 1 2 , 1 0 9 . 8
1 - 8 2 1 0 , 2 9 . 7 1 0 . 5 1 0 . 1 9 . 3 8 . 1 8 . 5 5 . 2 4 . 3 2 , 1 3 2 . 0
. 2 - 6 2 9 . 6 9 . 1 9 . 8 9 , 3 8 . 5 7 . 4 7 . 5 5 . 0 4 . 5 4 . 7 2 , 1 5 6 . 8
3 - 8 2 _ 9 . 4 9 . 0 9 . 5 9 . 1 8 . 4 7 . 4 7 . 5 5 . 6 5 * 5 6 . 1 7 . 4 2 , 1 9 5 . 8
4 - 8 2 9 . 3 8 . 9 9 , 3 8 . 9 8 . 3 7 . 5 7 . 6 6 * 1 6 * 1 6 . 7 7 . 6 7 . 8 2 , 2 3 7 . 5
1 - 8 3 8 . 9 8 . 5 8 . 9 8 . 5 7 . 8 7 . 1 7 . 1 5 . 8 5 * 7 6 . 1 6 . 5 6 . 1 4 . 3 2 , 2 6 1 . 4
. _ 2 . r 8 3 8 . 8 8 . 4 8 . 8 8 . 4 7 . 8 7 . 1 7 . 1 6 * 0 6 . 0 6 . 4 6 . 8 6 . 6 5 . 9 7 . 5 2 , 3 0 2 . 9
3 - 8 3 9 . 0 8 . 6 9 . 0 8 . 6 8 . 2 7 . 6 7 . 6 6 . 7 6 . 8 7 . 2 7 . 7 7 . 8 7 . 8 9 . 6 1 1 . 7 2 , 3 6 7 . 4
4 - 8 3 9 . 1 8 . 8 9 . 1 8 . 8 8 . 4 7 . 9 7 . 9 7 . 2 7 . 3 7 . 7 8 . 2 8 . 4 8 . 5 1 0 . 0 1 1 . 2 1 0 . 7 2 , 4 2 8 . 6
1 - 8 4 9 . 3 9 . 0 9 . 3 9 . 1 8 . 7 8 . 3 8 . 4 7 . 7 7 . 9 8 . 3 8 . 9 9 . 1 9 . 4 1 0 . 6 1 1 . 7 1 1 . 7 1 2 . 7 2 , 5 0 2 . 2
2 - 8 4 9 . 3 9 . 0 9 . 3 9 . 0 8 . 7 8 . 3 8 . 4 7 . 8 7 . 9 8 . 4 8 . 8 9 . 0 9 . 2 1 0 . 2 1 0 . 9 1 0 . 7 1 0 . 6 8 . 6 2 , 5 5 4 . 3
3 - 8 4 9 . 2 9 . 0 9 . 2 9 . 0 8 . 7 8 . 3 8 . 4 7 . 8 8 . 0 8 . 4 8 . 8 8 . 9 9 . 1 9 . 9 1 0 . 4 1 0 . 1
1 ̂
! . >0 8 . 5 8 . 4 2 , 6 0 6 . 1
4 - 7 9 1 - 8 0 2 - 8 0 3 - 6 0 4 - 8 0 1 - 8 1 2 - 8 1 3 - 8 1 4 - 8 1 1 - 8 2 2 - 8 2 3 - 8 2 4 - 8 2 1 - 8 3 2 - 8 3 3 - 6 3 4 - 6 5 1 - 8 4 2 — 0 4
I N I T I A L Q U A R T È R
D I S P O S A B L E P E R S O N A L I N C O M E I N 1 9 7 2 D O L L A R S C O M P O U N D E D A N N U A L R A T E S O F C H A N G E __________
TERMINAI I N I T I A L Q U A R T E R
B I L L I O N S O F D O L L A R S
Q U A R T E R. 4 = J 9 ____L = Ô Û ___ 2 - 6 0 ____3 - f l Q 4 - f l Q____l=ûl____2 = â l ____3 r 3 1 _ JtrQ l____ 1 - 8 2 2 - 8 2 3 - 6 2 4 - 8 2 1 - 8 3 2 - 6 3 3 - 6 3 4 - 8 3 ____L ~ § 4 ____2 ^ L _
2 , 3
A N N U A L R A T E S
1 » 0 2 5 » 8
2 - 8 0 - 1 . 6 - 5 . 3 1 , 0 1 2 . 0
3 - 6 0 - 0 . 1 - 1 . 3 2 . 9 1 , 0 1 9 . 2
4 - 8 0 0 . 9 0 . 5 3 . 5 4 . 1 1 , 0 2 9 . 6
1 - 6 1 1 . 8 1 . 6 4 . 0 4 . 6 5 . 1 1 * 0 4 2 . 5
2 - 8 1 1 . 3 1 . 2 2 * 8 2 * 8 2 * 2 - 0 . 7 1 * 0 4 0 . 7
3 - 8 1 2 . 1 2 . 1 3 . 6 3 . 8 3 . 7 3 . 0 6 . 9 1 * 0 5 6 . 1
4 - 8 1 1 . 7 1 . 7 2 . 9 2 . 9 2 . 6 1 . 7 3 . 0 - 0 . 8 1 * 0 5 6 . 0
1 - 8 2 1 . 4 1 . 3 2 . 3 2 . 2 1 . 8 1 . 0 1 . 6 - 1 . 0 - 1 * 2 1 , 0 5 2 . 6
2 - 6 2 1 . 3 1 . 2 2 . 1 2 . 0 1 . 6 0 . 9 1 . 4 - 0 . 4 - 0 * 2 0 . 8 1 , 0 5 4 . 6
3 - 8 2 1 . 3 1 . 2 2 . 0 1 . 9 1 . 6 1 . 0 1 . 3 0 . 0 0 . 2 1 . 0 1 . 2 1 , 0 5 7 . 9
4 - 8 2 1 . 5 1 . 5 2 . 2 2 * 1 1 * 8 i * 4 1 . 7 0 . 7 1 . 1 1 . 9 2 . 4 3 . 7 1 , 0 6 7 . 6
1 - 8 3 1 . 6 1 . 5 2 . 2 2 . 1 1 . 9 1 * 5 1 . 8 0 . 9 1 . 3 1 . 9 2 . 3 2 . 9 2 . 1 1 * 0 7 3 . 1
2 - 8 3 1 . 7 1 . 7 2 . 3 2 . 2 2 . 0 1 . 7 2 . 0 1 . 3 1 . 6 2 . 2 2 . 6 3 . 0 2 . 7 3 . 4 1 * 0 8 2 . 0
3 - 6 3 2 . 1 2 . 1 2 . 7 2 . 6 2 . 5 2 . 3 2 . 6 2 . 1 2 . 5 3 . 1 3 . 6 4 . 2 4 . 3 5 . 5 7 . 7 1 * 1 0 2 . 2
4 - 8 3 2 . 5 2 . 5 3 . 1 3 . 1 3 . 0 2 * 8 3 . 1 2 . 7 3 . 2 3 . 8 4 . 3 5 . 0 5 . 3 6 . 4 6 . 0 8 . 3 1 * 1 2 4 . 3
1 - 8 4 2 . 8 2 . 8 3 . 4 3 . 4 3 . 4 3 . 3 3 . 6 3 . 3 3 . 8 4 . 4 4 . 9 5 . 6 6 . 0 6 . 9 8 . 2 8 . 4 8 . 6 1 * 1 4 7 . 6
2 - 8 4 3 . 0 3 . 0 3 . 6 3 . 6 3 . 6 3 . 5 3 . 8 3 . 6 4 . 0 4 . 6 5 . 1 5 . 7 6 . 0 6 . 8 7 . 7 7 . 7 7 . 4 6 . 3 1 * 1 6 5 . 3
3 - 8 4 3 * 0 3 * 1 3 . 6 3 . 7 3 . 6 3 . 5 3 . 8 3 . 6 4 . 0 4 . 5 5 . 0 5 . 5 5 . 7 6 . 3 6 . 9 6 . 7 6 . 2 5 . 1 3 . 9 1 * 1 7 6 . 4
4 - 7 9 1 - 8 0 2 - 6 0 3 - 8 0 4 - 8 0 1 - 8 1 2 - 8 1 3 - 8 1 4 - 8 1 1 - 8 2 2 - 8 2 3 - 8 2 4 - 6 2 1 - 6 3 2 - 6 3 3 - 6 3 4 - 6 3 1 - 6 4 2 - 6 4
I N I T I A L Q U A R T E R
1 8
P R Ë R À « ^ 6V P Ei> ER ÂE“R ES ER V E 6AWK OF S T . L O U ISN O V E M B E R 2 0 * 1 9 8 4
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
C O R P O R A T E P R O F I T S A F T E R T A X E S »C O M P O U N D E D A N N U A L R A T E S O F C H A N S E
T E R M I N A L I N I T I A L Q U A R T E R
B I L L I O N S O F D O L L A R S
Q U A R T E R4 - 7 9 1 - 8 0 2 - 8 0 1 - 8 0 4 - 8 0 1 - 8 1 2 - 8 1 3 - 8 1 4 - 8 1 1 - 8 2 2 - 8 2 J — 8 2 4 - 8 2
<*■>CO1<Mro001 3 - 8 3 4 - 6 3 1 - 8 4 2 - 8 4
A S Ï t U À L R A T E S
1 - 6 0 2 . 9 1 6 6 . 2
2 - 8 0 - 2 8 . 6 - 5 0 . 5 1 3 9 . 4
3 - 8 0 - 1 4 . 4 - 2 1 . 9 2 3 . 3 1 4 6 . 9
4 - 8 0 - 1 1 . 1 - 1 5 . 3 1 0 . 7 - 0 . 5 1 4 6 . 7
1 - 8 1 - 7 . 2 - 9 . 6 1 0 . 5 4 . 5 9 . 9 1 5 0 . 2
2 - 8 1 - 1 2 . 3 - 1 5 . 1 - 2 . 9 - 1 0 . 3 - 1 4 . 8 - 3 4 . 0 1 3 5 . 4
3 - 8 1 - 9 . 2 - 1 1 . 1 0 . 0 - 5 . 1 —6 . 6 - 1 3 . 9 1 2 . 4 1 3 9 . 4
4 - 8 1 - 9 . 5 - 1 1 . 2 - 2 . 1 — 6 . 5 - 8 . 0 - 1 3 . 3 - 0 . 6 - 1 2 . 0 1 3 5 . 0
1 - 8 2 - 1 8 . 3 - 2 0 . 6 - 1 5 . 1
0(M1 - 2 3 . 6 - 3 0 . 3 - 2 9 . 0 - 4 3 . 6 - 6 3 . 8 1 0 4 . 7
2 - 8 2 - 1 5 . 9 - 1 7 . 8 - 1 2 . 4 - 1 6 . 6 - 1 9 . 0 - 2 3 . 8 - 2 1 . 0 - 2 9 . 8 - 3 7 . 3 8 . 7 1 0 6 . 9
<M001 - 1 4 . 6 - 1 6 . 2 - 1 1 . 1 - 1 4 . 7 - 1 6 . 5 - 2 0 . 2 - 1 7 . 2 - 2 3 . 2 - 2 6 . 7 4 . 4 0 . 4 1 0 7 . 0
4 - 8 2 - 1 5 . 1 - 1 6 . 6 - 1 2 . 2 - 1 5 . 4 - 1 7 . 1 - 2 0 . 4 - 1 7 . 9 - 2 2 . 8 - 2 5 . 3 - 4 . 9 - 1 1 . 1 - 2 1 . 2 1 0 0 . 8
1 - 8 3 - 1 3 . 6 - 1 4 . 9 - 1 0 . 5 - 1 3 . 4 - 1 4 . 7 - 1 7 . 4 - 1 4 . 7 - 1 8 . 5 - 1 9 . 7 - 2 . 0 - 5 . 3 - 8 . 1 7 . 3 1 0 2 . 6
2 - 8 3 - 8 . 0 - 8 . 8 - 4 . 0 - 6 . 1 — 6 . 7 - 8 . 4 - 4 . 5 — 6 . 7 - 5 . 8 1 4 . 0 1 5 . 4 2 0 . 9 4 9 . 9 1 0 9 . 3 1 2 3 . 4
3 - 8 3 - 3 . 8 - 4 . 3 0 . 7 - 1 . 0 — 1 . 0 - 2 . 1 2 . 3 1 . 1 3 . 2 2 2 . 9 2 5 . 9 3 3 . 3 5 8 . 8 9 3 . 2 7 8 . 3 1 4 2 . 6
* I 00 oj - 3 . 8 - 4 . 3 0 . 3 - 1 . 2 - 1 . 3 - 2 . 2 1 . 7 0 . 5 2 . 2 1 8 . 6 2 0 . 3 2 4 . 8 4 0 . 0 5 2 . 9 3 0 . 7 - 4 . 1 1 4 1 . 1
1 - 6 4 - 2 . 1 - 2 . 4 2 . 1 0 . 7 0 . 8 0 . 1 3 . 9 3 . 1 5 . 0 1 9 . 9 2 1 . 6 2 5 . 6 3 7 . 9 4 6 . 8 3 0 . 4 1 1 . 5 2 9 . 8 1 5 0 . 6
4CO 1
1<N - 2 . 1 - 2 . 4 1 . 9 0 . 6 0 . 7 0 . 0 3 . 5 2 . 8 4 . 4 1 7 . 4 1 8 . 5 2 1 . 4 3 0 . 5 3 5 . 6 2 1 . 7 7 . 2 1 3 . 3 - 1 . 1 1 5 0 . 2
3 - 8 4 - 3 . 5 - 3 . 8 0 . 0 - 1 . 3 - 1 . 4 - 2 . 1 0 . 9 0 . 0 1 . 1 1 2 . 1 1 2 . 5 1 4 . 1 2 0 . 3 2 2 . 6 1 0 . 2 - 2 . 3 - 1 . 7 - 1 4 . 4 - 2 6 . 0 1 3 9 . 3 P
4 - 7 9 1 - 8 0 2 - 8 0 3 - 8 0 4 - 8 0 l - e i 2 - 8 1 J - 6 1 4 - 8 1 1 - 8 2 2 - 3 2 3 - 8 2 4 - 8 2 1— 1 3 2 - 8 3 5 - 6 3 4 - 0 3 1 - 8 4 2 - 8 4
* N A T I O N A L I N C O M E B A S I SI N I T I A L Q U A R T E R
P - P H E L I M I N A R Y
P R E P A R E D B Y F t D t K A l R E S E R V E B A N K O F S T . L O U I SN O V E M B E R 2 0 , 1 9 8 4
H I S T O R I C A L S O U R C E S O F
N A T I O N A L I N C O M E A N D P R O D U C T A C C O U N T S D A T A
T h e N I P A e s t i m a t e s f o r 1 9 2 9 - 7 6 a r e i n T h e N a t i o n a l I n c o m e
a n d P r o d u c t A c c o u n t s o f t h e U n i t e d S t a t e s , 1 9 2 9 - 7 6 : S t a t i s t i c a l
T a b l e s ( S t o c k n u m b e r C R 5 3 - 0 1 O - O 0 1 0 1 - 1 , p r i c e 5 1 0 . 0 0 ) . E s t i m a t e s f o r
1 9 / 7 - 7 9 a n d c o r r e c t i o n s f o r e a r l i e r y e a r s a r e i n t h e J u l y 1 9 8 2
S U R V E Y ; e s t i m a t e s f o r 1 9 8 0 a n d c o r r e c t i o n s f o r e a r l i e r y e a r s a r e i n
t h e J u l y 1 9 8 3 S U R V E Y ; e s t i m a t e s f o r 1 9 8 1 - 8 3 a r e i n t h e J u l y 1 9 8 4
S U R V E Y . E s t i m a t e s f o r t h e p e r i o d s s i n c e , a p p e a r i n s u b s e q u e n t i s s u e s
o f t h e m o n t h l y S u r v e y o f C u r r e n t B u s i n e s s . T h e s e p u b l i c a t i o n s a r e
a v a i l a b l e f r o m t h e S u p e r i n t e n d e n t o f D o c u m e n t s , U . S . G o v e r n m e n t
P r i n t i n g O f f i c e , W a s h i n g t o n , D . C . 2 0 4 0 2 .
F o r f u r t h e r i n f o r m a t i o n , w r i t e t o t h e N a t i o n a l I n c o m e a n d
W e a l t h D i v i s i o n ( B E - 5 4 ) B u r e a u o f E c o n o m i c A n a l y s i s , U . S . D e p a r t m e n t
o f C o m m e r c e , W a s h i n g t o n , D . C . 2 0 2 3 0 .
1 9Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
INVENTORIES COMPARED WITH MONTHLY SALES*M A N U F A C T U R I N G A N D T R A D E
. 68
.6 4
.6 0
.5 6
.5 2
. 48
. 44
. 40
. 36
. 3 2
.2 8
1970 1971 1972 1973 1974 1979 I 1981 1982 1983 1984I
« R A T IO S BASED ON SEASONALLY ADJUSTED DATA. SOURCEs U . S . DEPARTMENT OF COMMERCESHADED AREAS REPRESENT PERIODS OF BUSINESS RECESSIONS .
LATEST DATA PLOTTED! SEPTEMBER PRELIMINARYPREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS
6 8
64
60
56
52
48
44
40
36
32
28
24
2 0Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
