Continued from page 1.
Table B.2. Current-Dollar and Real Value Added by Industry for
2001-2003
Billions of dollars
2001 2002 2003
Gross domestic product 10,100.8 10,480.8 10,987.9
Private Industries 8,841.1 9,154.1 9,597.9
Agriculture, forestry, fishing,
and hunting 103.0 98.6 112.0
Farms 75.5 70.7
Forestry, fishing, and
related activities 27.4 27.9
Mining 118.7 105.6 124.9
Oil and gas extraction 73.9 64.1
Mining, except oil and gas 27.0 26.1
Support activities for mining 17.8 15.3
Utilities 195.1 201.6 212.7
Construction 459.5 464.9 481.8
Manufacturing 1,346.0 1,351.6 1,392.8
Durable goods 788.0 786.1 810.1
Wood products 31.1 32.1
Nonmetallic mineral
products 44.7 44.5
Primary metals 42.0 40.8
Fabricated metal products 113.5 112.2
Machinery 103.5 98.1
Computer and electronic
products 141.6 139.9
Electrical equipment,
appliances, and
components 48.7 46.1
Motor vehicles, bodies
and trailers, and
parts 108.0 119.3
Other transportation
equipment 67.2 64.2
Furniture and related
products 30.8 30.6
Miscellaneous
manufacturing 56.9 58.5
Nondurable goods 558.0 565.5 582.7
Food and beverage and
tobacco products 161.6 168.8
Textile mills and
textile product mills 23.1 22.7
Apparel and leather and
allied products 22.9 23.3
Paper products 50.0 48.9
Printing and related
support activities 47.4 47.1
Petroleum and coal
products 32.3 24.2
Chemical products 157.2 167.9
Plastics and rubber
products 63.5 62.8
Wholesale trade 603.0 622.9 642.9
Retail trade 687.7 765.8 792.2
Transportation and warehousing 295.1 294.9 310.6
Air transportation 50.6 47.9
Rail transportation 25.3 24.3
Water transportation 7.3 6.9
Truck transportation 92.5 94.1
Transit and ground passenger
transportation 15.7 16.3
Pipeline transportation 9.1 9.2
Other transportation and
support activities 69.3 70.7
Warehousing and storage 25.2 25.3
Information 474.8 484.0 536.1
Publishing industries
(includes software) 118.6 120.1
Motion picture and sound
recording industries 33.7 34.6
Broadcasting and
telecommunications 281.3 283.9
Information and data
processing services 41.2 45.4
Finance, insurance, real
estate, rental, and leasing 2,028.0 2,125.7 2,228.4
Finance and insurance 770.1 804.0 863.6
Federal Reserve banks,
credit intermediation,
and related activities 352.3 374.8
Securities, commodity
contracts, and investments 164.6 162.6
Insurance carriers and
related activities 235.3 248.7
Funds, trusts, and other
financial vehicles 17.9 17.9
Real estate and rental
and leasing 1,257.8 1,321.7 1,364.9
Real estate 1,150.0 1,210.3
Rental and leasing
services and lessors of
intangible assets 107.8 111.5
Professional and business
services 1,187.9 1,220.2 1,273.5
Professional, scientific, and
technical services 710.9 723.5 753.3
Legal services 143.3 149.7
Computer systems design and
related services 137.1 129.4
Miscellaneous professional,
scientific, and technical
services 430.6 444.3
Management of companies and
enterprises 187.7 202.0 216.2
Administrative and waste
management services 289.2 294.7 303.9
Administrative and support
services 262.6 267.0
Waste management and
remediation services 26.6 27.7
Educational services, health
care, and social assistance 732.7 793.1 842.7
Educational services 85.8 91.5 96.8
Health are and social
assistance 646.9 701.6 745.9
Ambulatory health care
services 333.4 364.0
Hospitals and nursing
and residential care
facilities 256.0 276.0
Social assistance 57.5 61.7
Arts, entertainment,
recreation, accommodation,
and food services 358.9 371.5 385.2
Arts, entertainment, and
recreation 94.8 99.6 104.9
Performing arts, spectator
sports, museums, and
related activities 42.6 45.0
Amusements, gambling, and
recreation industries 52.2 54.6
Accommodation and food services 264.2 272.0 280.3
Accommodation 88.3 89.8
Food services and
drinking places 175.9 182.1
Other services, except government 250.8 253.7 262.0
Government 1,259.6 1,328.7 1,390.0
Federal 386.9 408.9
General government 325.2 345.3
Government enterprises 61.7 63.6
State and local 872.7 917.8
General government 799.9 843.5
Government enterprises 72.8 74.3
Not allocated by industry (1)
Addenda:
Private goods-producing
industries (2) 2,027.1 2,020.7 2,111.5
Private services-producing
industries (3) 6,814.0 7,133.4 7,486.4
Billions of chained (2000)
dollars
2001 2002 2003
Gross domestic product 9,866.6 10,083.0 10,398.0
Private Industries 8,664.2 8,859.1 9,129.3
Agriculture, forestry, fishing,
and hunting 97.8 100 101.8
Farms 68.5 69.8
Forestry, fishing, and
related activities 29.6 30.5
Mining 114.9 114.6 112.1
Oil and gas extraction 79.1 80.3
Mining, except oil and gas 25.6 24.1
Support activities for mining 10.6 10.8
Utilities 173.3 182.3 187.4
Construction 426.6 413.3 413.9
Manufacturing 1,349.1 1,380.9 1,404.9
Durable goods 820.7 836.9 865.7
Wood products 30.6 31.9
Nonmetallic mineral
products 44.9 43.9
Primary metals 44.2 42.6
Fabricated metal products 110.8 108.8
Machinery 100.4 94.5
Computer and electronic
products 186.4 207.8
Electrical equipment,
appliances, and
components 47.9 46.2
Motor vehicles, bodies
and trailers, and
parts 108.2 125
Other transportation
equipment 63.2 59
Furniture and related
products 29.6 28.7
Miscellaneous
manufacturing 54.8 54.9
Nondurable goods 528.5 543.9 540.6
Food and beverage and
tobacco products 151 150.4
Textile mills and
textile product mills 21.9 22.0
Apparel and leather and
allied products 22.8 23.5
Paper products 49.7 49.2
Printing and related
support activities 45.8 45.2
Petroleum and coal
products 22.9 30.1
Chemical products 152.9 163.8
Plastics and rubber
products 61.3 60.1
Wholesale trade 564.7 94.1 591.7
Retail trade 598.8 633.9 682.4
Transportation and warehousing 275.8 287A 301.6
Air transportation 48.7 52.9 57.7
Rail transportation 24.4 24.8 25.5
Water transportation 7.0 6.4 7.2
Truck transportation 91.0 91.9 92.8
Transit and ground passenger
transportation 14.3 14.7 14.5
Pipeline transportation 6.9 7.7 8.7
Other transportation and
support activities 62.6 66.2 70.2
Warehousing and storage 22.0 23.4 25.0
Information 377.0 437.5 458.3
Publishing industries
(includes software) 100.8 121.2 116.7
Motion picture and sound
recording industries 29.4 32.3 32.5
Broadcasting and
telecommunications 217.3 248.3 271.3
Information and data
processing services 29.8 36.2 37.7
Finance, insurance, real
estate, rental, and leasing 1,741.7 1,834.3 1,931.0
Finance and insurance 634.6 678.1 740.5
Federal Reserve banks,
credit intermediation,
and related activities 337.8 337.1
Securities, commodity
contracts, and investments 180.8 187.6
Insurance carriers and
related activities 228.3 234.1
Funds, trusts, and other
financial vehicles 15.3 15.7
Real estate and rental
and leasing 1,214.7 1,235.7 1,257.5
Real estate 1,106.0 1,119.8
Rental and leasing
services and lessors of
intangible assets 108.6 115.9
Professional and business
services 1,146.9 1,174.4 1,197.0
Professional, scientific, and
technical services 682.5 685.9 699.3
Legal services 135.5 136.2
Computer systems design and
related services 134.3 127.4
Miscellaneous professional,
scientific, and technical
services 412.8 422.1
Management of companies and
enterprises 191.1 206.3 215.5
Administrative and waste
management services 273.6 283.2 283.7
Administrative and support
services 247.2 256.8
Waste management and
remediation services 26.4 26.4
Educational services, health
care, and social assistance 693.2 720.5 742.6
Educational services 80.2 80.6 80.9
Health are and social
assistance 613.0 640.0 661.9
Ambulatory health care
services 320.8 344.7
Hospitals and nursing
and residential care
facilities 237.9 240.8
Social assistance 54.4 55.1
Arts, entertainment,
recreation, accommodation,
and food services 352.7 359.5 366.5
Arts, entertainment, and
recreation 90.7 92.1 94.2
Performing arts, spectator
sports, museums, and
related activities 40.4 41.1
Amusements, gambling, and
recreation industries 50.3 51.0
Accommodation and food services 2,620.0 267.4 272.3
Accommodation 86.6 88.4
Food services and
drinking places 175.5 179.1
Other services, except government 234.3 224.9 231.3
Government 1,213.6 1,228.5 1,245.0
Federal 373.3 377.5
General government 316.1 321.4
Government enterprises 57.4 56.3
State and local 840.3 851.0
General government 771.9 783.9
Government enterprises 68.5 67.2
Not allocated by industry (1) -14.6 -19.5
Addenda:
Private goods-producing
industries (2) 1,989.0 2,007.8 2,030.8
Private services-producing
industries (3) 6,675.3 6,850.8 7,097.2
(1.) Chained (2000) dollar series are calculated as the product of the
chain-type quantity index and the 2000 current-dollar value of the
corresponding series, divided by 100. Because the formula the
chain-type quantity indexes uses weights of more than one period, the
corresponding chained dollar estimates are usually not additive. The
value of not allocated by industry reflects the difference between the
first line and the sum of the most detailed lines, as well as the
differences in source data used to estimate GDP by industry and the
expenditures measure of real GDP.
(2.) Consists of agriculture, forestry, fishing, and hunting; mining;
construction; and manufacturing.
(3.) Consists of utilities; wholesale trade; retail trade;
transportation and warehousing; information, finance and insurance;
real estate and rental and leasing; professional and business
educational servics, health care, and social assistance; arts,
entertainment, recreation, accommodation, and food services; and other
services, except government.
NOTE. Estimates in this table are based on the 1997 North American
Industry Classification System (NAICS).
D. Domestic Perspectives
This table presents data collected from other government agencies
and private organizations, as noted. Quarterly data are shown
in the middle month of the quarter.
2003
2002 2003 June
Consumer and producer prices
(monthly data seasonally adjusted)
(1)
Consumer price index for all
urban consumers, 1982-84=100:
All items 179.9 184.0 183.5
Commodities 149.7 151.2 150.4
Services 209.8 216.5 216.4
All items less food and
energy 190.5 193.2 193.1
Food 176.2 180.0 179.6
Energy 121.7 136.5 133.7
Producer price index, 1982=100
Finished goods 138.9 143.3 142.7
Consumer goods 139.4 145.3 144.5
Capital equipment 139.1 139.5 139.2
Less food and energy 150.2 150.5 150.1
Intermediate materials 127.8 133.7 133.1
Less food and energy 135.8 138.5 138.4
Crude materials 108.1 135.3 135.7
Less energy 135.7 152.5 145.9
Money, interest rates, and stock
prices
Money stock (monthly and
quarterly data seasonally
adjusted): (2)
Percent change:
M1 1.04
M2 0.68
Ratio:
Gross domestic product to
M1 8.797 8.706
Personal income to M2 1.581 1.527 1.518
Interest rates (percent, not
seasonally adjusted): (2)
Prime rate charged by banks 4.68 4.12 4.22
3-month Treasury bills,
secondary market 1.60 1.01 0.92
3-Year U.S. Treasury bonds 3.10 2.11 1.51
10-Year U.S. Treasury bonds 4.61 4.02 3.33
Federal funds rate 1.67 1.13 1.22
New home mortgages 6.54 5.82 5.23
Index of stock prices (not
seasonally adjusted): (3)
500 common stocks, 1941-43=10 993.94 965.23 988.00
Labor markets (thousands, monthly
and quarterly data seasonally
adjusted, unless otherwise noted)
(1)
Civilian labor force 144,863 146,510 146,917
Labor force participation
rates (percent):
Total 66.6 66.2 66.5
Males, age 20 and over 76.3 75.9 76.0
Females, age 20 and over 60.5 60.6 60.9
Both sexes age 16-19 47.4 44.5 45.1
Civilian employment 136,485 137,736 137,673
Ratio, civilian employment
to working-age population
(percent) 62.7 62.3 62.3
Employees on nonagricultural
payrolls 129,859
Goods-producing industries 21,805
Services-producing industries 108,054
Hours of production workers:
Average weekly hours, total
private sector 33.9 33.7 33.7
Average weekly hours,
manufacturing 40.5 40.4 40.3
Average weekly overtime
hours, manufacturing 4.2 4.2 4.1
Number of persons unemployed 8,378 8,774 9,245
Unemployment rates (percent):
Total 5.8 6.0 6.3
Males, age 20 and over 5.3 5.6 6.0
Females, age 20 and over 5.1 5.1 5.2
Both sexes, age 16-19 16.5 17.5 19.0
15 weeks and over 2.0 2.3 2.4
Average weeks unemployed 16.6 19.2 19.6
Median weeks unemployed 9.1 10.1 11.7
Productivity and costs, nonfarm
business sector 1992=100:
Indexes:
Output per hour of all
persons 123.6 129.1
Unit labor costs 115.0 114.0
Hourly compensation 142.1 147.1
Percent change from
preceding period, annual
rate:
Output per hour 5.0 4.4
Unit labor costs -2.5 -0.9
Real hourly compensation 0.7 1.2
New construction put in place
(billions of dollars) 871.3 915.7 906.8
Private construction 651.7 690.0 677.8
Residential buildings 421.9 476.1 465.1
Other 229.8 213.9 212.7
Public construction 219.6 225.7 229.0
Housing starts (thousands of
units):
Total 1,705 1,848 1,850
1-unit structures 1,359 1,499 1,505
New 1-family houses sold
(thousands of units) 973 1,086 1,194
Manufacturing and trade, inventories
and sales (millions of dollars,
monthly data seasonally adjusted)
(4)
Inventories:
Total manufacturing and trade 1,174,533
Manufacturing 442,666
Retail trade 442,140
Merchant wholesalers 289,727
Sales:
Total manufacturing and trade 9,864,160 10,283,973 848,249
Manufacturing 3,891,753 3,999,124 328,643
Retail trade 3,230,122 3,399,544 282,397
Merchant wholesalers 2,742,285 2,885,305 237,209
Inventory-sales ratio:
Total manufacturing and trade 1.38
Manufacturing 1.35
Retail trade 1.57
Merchant wholesalers 1.22
Industrial production indexes and
capacity utilization rates
(monthly data seasonally adjusted)
(2)
Industrial production indexes,
1997-100:
Total 110.9 111.1 110.0
Final products 107.6 107.5 106.5
Consumer goods 106.8 106.1 105.0
Business equipment 109.5 110.4 109.0
Nonindustrial supplies 108.6 109.0 107.8
Materials 115.1 115.7 114.4
Capacity utilization rates
(pattern):
Total industry 75.6 74.8 74.0
Manufacturing 73.9 73.4 72.7
Credit market borrowing (billions of
dollars, quarterly data seasonally
adjusted at annual rates) (2)
All sectors, by instrument:
Total 2,192.6 2,638.9
Open market paper -91.5 -81.6
Treasury securities 257.0 398.4
Agency-and GSE-backed
securities 554.5 560.6
Municipal securities 159.4 135.4
Corporate and foreign bonds 431.9 581.5
Bank loans, n.e.c. -80.6 -94.4
Other bans and advances 34.6 32.7
Mortgages 846.0 1,011.4
Consumer credit 81.4 94.8
2003
July Aug. Sept.
Consumer and producer prices
(monthly data seasonally adjusted)
(1)
Consumer price index for all
urban consumers, 1982-84=100:
All items 183.8 184.5 185.1
Commodities 150.5 151.5 152.1
Services 216.9 217.3 217.8
All items less food and
energy 193.4 193.6 193.7
Food 179.8 180.5 180.9
Energy 134.1 138.3 142.8
Producer price index, 1982=100
Finished goods 142.8 143.5 143.8
Consumer goods 144.6 145.5 146.0
Capital equipment 139.4 139.7 139.6
Less food and energy 150.3 150.5 150.5
Intermediate materials 133.3 134.1 134.0
Less food and energy 138.2 138.4 138.7
Crude materials 131.9 130.6 134.1
Less energy 148.6 151.5 155.6
Money, interest rates, and stock
prices
Money stock (monthly and
quarterly data seasonally
adjusted): (2)
Percent change:
M1 0.19 0.63 -0.01
M2 0.66 0.67 -0.37
Ratio:
Gross domestic product to
M1 8.693
Personal income to M2 1.512 1.508 1.519
Interest rates (percent, not
seasonally adjusted): (2)
Prime rate charged by banks 4.00 4.00 4.00
3-month Treasury bills,
secondary market 0.90 0.95 0.94
3-Year U.S. Treasury bonds 1.93 2.44 2.23
10-Year U.S. Treasury bonds 3.98 4.45 4.27
Federal funds rate 1.01 1.03 1.01
New home mortgages 5.63 6.26 6.15
Index of stock prices (not
seasonally adjusted): (3)
500 common stocks, 1941-43=10 992.54 989.53 1,019.44
Labor markets (thousands, monthly
and quarterly data seasonally
adjusted, unless otherwise noted)
(1)
Civilian labor force 146,652 146,622 146,610
Labor force participation
rates (percent):
Total 66.3 66.2 66.1
Males, age 20 and over 75.9 75.9 76.0
Females, age 20 and over 60.7 60.6 60.3
Both sexes age 16-19 44.4 44.1 44.0
Civilian employment 137,604 137,693 137,644
Ratio, civilian employment
to working-age population
(percent) 622.0 62.2 62.1
Employees on nonagricultural
payrolls 129,814 129,789 129,856
Goods-producing industries 21,744 21,712 21,697
Services-producing industries 108,070 10,807 106,159
Hours of production workers:
Average weekly hours, total
private sector 33.6 33.6 33.6
Average weekly hours,
manufacturing 40.1 40.2 40.4
Average weekly overtime
hours, manufacturing 4.1 4.1 4.2
Number of persons unemployed 9,048 8,929 8,966
Unemployment rates (percent):
Total 6.2 6.1 6.1
Males, age 20 and over 5.9 5.8 5.8
Females, age 20 and over 5.2 5.2 5.3
Both sexes, age 16-19 18.2 16.9 17.5
15 weeks and over 2.4 2.4 2.4
Average weeks unemployed 19.3 19.2 19.6
Median weeks unemployed 10.1 10.0 10.1
Productivity and costs, nonfarm
business sector 1992=100:
Indexes:
Output per hour of all
persons 130.8
Unit labor costs 113.2
Hourly compensation 148.0
Percent change from
preceding period, annual
rate:
Output per hour 9.5
Unit labor costs -4.3
Real hourly compensation 2.3
New construction put in place
(billions of dollars) 909.4 922.0 930.8
Private construction 681.1 691.7 701.2
Residential buildings 472.5 481.0 487.6
Other 208.6 210.8 213.6
Public construction 228.4 230.2 229.5
Housing starts (thousands of
units):
Total 1,893 1,835 1,922
1-unit structures 1,536 1,494 1,537
New 1-family houses sold
(thousands of units) 1,156 1,189 1,127
Manufacturing and trade, inventories
and sales (millions of dollars,
monthly data seasonally adjusted)
(4)
Inventories:
Total manufacturing and trade 1,174,519 1,169,030 1,173,444
Manufacturing 440,767 439,632 438,294
Retail trade 443,542 439,437 443,902
Merchant wholesalers 290,210 289,961 291,248
Sales:
Total manufacturing and trade 861,781 860,151 866,774
Manufacturing 337,248 331,676 337,598
Retail trade 285,420 288,446 287,649
Merchant wholesalers 239,113 240,029 241,527
Inventory-sales ratio:
Total manufacturing and trade 1.36 1.36 1.35
Manufacturing 1.31 1.33 1.30
Retail trade 1.55 1.52 1.54
Merchant wholesalers 1.21 1.21 1.21
Industrial production indexes and
capacity utilization rates
(monthly data seasonally adjusted)
(2)
Industrial production indexes,
1997-100:
Total 110.8 110.9 111.5
Final products 107.1 107.2 107.8
Consumer goods 105.8 105.7 106.1
Business equipment 109.3 110.0 111.2
Nonindustrial supplies 108.7 108.6 108.7
Materials 115.4 115.5 116.4
Capacity utilization rates
(pattern):
Total industry 74.5 74.5 74.9
Manufacturing 73.0 73.0 73.6
Credit market borrowing (billions of
dollars, quarterly data seasonally
adjusted at annual rates) (2)
All sectors, by instrument:
Total 2,531.3
Open market paper -81.6
Treasury securities 317.5
Agency-and GSE-backed
securities 770.7
Municipal securities 112.3
Corporate and foreign bonds 406.8
Bank loans, n.e.c. -86.5
Other bans and advances -60.6
Mortgages 1,033.8
Consumer credit 118.9
2003
Oct. Nov. Dec.
Consumer and producer prices
(monthly data seasonally adjusted)
(1)
Consumer price index for all
urban consumers, 1982-84=100:
All items 184.9 184.6 184.9
Commodities 151.2 150.5 150.7
Services 218.4 218.4 218.9
All items less food and
energy 194.0 194.0 194.1
Food 181.8 182.6 183.5
Energy 137.8 133.7 134.1
Producer price index, 1982=100
Finished goods 144.7 144.5 144.8
Consumer goods 147.1 146.7 147.2
Capital equipment 140.0 140.1 139.9
Less food and energy 151.2 151.2 151.0
Intermediate materials 134.4 134.4 134.9
Less food and energy 139.1 139.3 139.6
Crude materials 137.9 137.9 142.6
Less energy 160.3 167.2 172.2
Money, interest rates, and stock
prices
Money stock (monthly and
quarterly data seasonally
adjusted): (2)
Percent change:
M1 0.14 -0.01 0.76
M2 -0.26 -0.04 -0.06
Ratio:
Gross domestic product to
M1 8.762
Personal income to M2 1.528 1.539 1.546
Interest rates (percent, not
seasonally adjusted): (2)
Prime rate charged by banks 4.00 4.00 4.00
3-month Treasury bills,
secondary market 0.92 0.93 0.90
3-Year U.S. Treasury bonds 2.26 2.45 2.44
10-Year U.S. Treasury bonds 4.29 4.30 4.27
Federal funds rate 1.01 1.00 0.98
New home mortgages 5.95 5.93 5.88
Index of stock prices (not
seasonally adjusted): (3)
500 common stocks, 1941-43=10 1,038.73 1,049.90 1,080.64
Labor markets (thousands, monthly
and quarterly data seasonally
adjusted, unless otherwise noted)
(1)
Civilian labor force 146,892 147,187 146,878
Labor force participation
rates (percent):
Total 66.2 66.2 66.0
Males, age 20 and over 75.9 76.1 75.9
Females, age 20 and over 60.5 60.5 60.4
Both sexes age 16-19 43.7 43.8 43.2
Civilian employment 138,095 138,533 138,479
Ratio, civilian employment
to working-age population
(percent) 62.2 62.3 62.2
Employees on nonagricultural
payrolls 129,944 130,027 130,035
Goods-producing industries 21,674 21,686 21,668
Services-producing industries 108,270 108,341 108,367
Hours of production workers:
Average weekly hours, total
private sector 33.7 33.8 33.6
Average weekly hours,
manufacturing 40.5 40.8 40.6
Average weekly overtime
hours, manufacturing 4.3 4.5 4.5
Number of persons unemployed 8,797 8,653 8,398
Unemployment rates (percent):
Total 6.0 5.9 5.7
Males, age 20 and over 5.6 5.6 5.3
Females, age 20 and over 5.2 5.1 5.1
Both sexes, age 16-19 17.1 15.7 16.1
15 weeks and over 2.4 2.4 2.3
Average weeks unemployed 19.4 20.4 19.6
Median weeks unemployed 10.3 10.4 10.4
Productivity and costs, nonfarm
business sector 1992=100:
Indexes:
Output per hour of all
persons 131.6
Unit labor costs 113.6
Hourly compensation 149.5
Percent change from
preceding period, annual
rate:
Output per hour 2.5
Unit labor costs 1.7
Real hourly compensation 3.4
New construction put in place
(billions of dollars) 942.2 947.7 948.9
Private construction 714.1 721.1 727.0
Residential buildings 495.6 504.2 511.3
Other 218.6 216.9 215.7
Public construction 228.0 226.6 222.0
Housing starts (thousands of
units):
Total 1,983 2,054 2,067
1-unit structures 1,644 1,670 1,657
New 1-family houses sold
(thousands of units) 1,141 1,086 1,120
Manufacturing and trade, inventories
and sales (millions of dollars,
monthly data seasonally adjusted)
(4)
Inventories:
Total manufacturing and trade 1,177,496 1,181,735 1,185,477
Manufacturing 438,680 438,126 438,584
Retail trade 446,267 450,075 451,458
Merchant wholesalers 292,549 293,534 295,435
Sales:
Total manufacturing and trade 873,519 879,925 891,329
Manufacturing 339,825 341,454 348,485
Retail trade 287,264 290,734 291,318
Merchant wholesalers 246,430 247,737 251,526
Inventory-sales ratio:
Total manufacturing and trade 1.35 1.34 1.33
Manufacturing 1.29 1.28 1.26
Retail trade 1.55 1.55 1.55
Merchant wholesalers 1.19 1.18 1.17
Industrial production indexes and
capacity utilization rates
(monthly data seasonally adjusted)
(2)
Industrial production indexes,
1997-100:
Total 111.8 112.9 113.1
Final products 107.7 108.9 109.1
Consumer goods 106.0 107.1 107.3
Business equipment 110.8 112.7 113.2
Nonindustrial supplies 109.6 110.4 110.8
Materials 116.9 117.9 118.2
Capacity utilization rates
(pattern):
Total industry 75.0 75.7 75.8
Manufacturing 73.6 74.4 74.4
Credit market borrowing (billions of
dollars, quarterly data seasonally
adjusted at annual rates) (2)
All sectors, by instrument:
Total 2,429.6
Open market paper -212.7
Treasury securities 362.0
Agency-and GSE-backed
securities 547.8
Municipal securities 131.2
Corporate and foreign bonds 657.5
Bank loans, n.e.c. -109.3
Other bans and advances 93.8
Mortgages 902.8
Consumer credit 56.6
2004
Jan. Feb. Mar.
Consumer and producer prices
(monthly data seasonally adjusted)
(1)
Consumer price index for all
urban consumers, 1982-84=100:
All items 185.8 186.3 187.2
Commodities 151.7 152.4 153.4
Services 219.5 220.0 220.8
All items less food and
energy 194.4 194.8 195.5
Food 183.5 183.8 164.1
Energy 140.4 142.8 145.5
Producer price index, 1982=100
Finished goods 145.7 145.8 146.6
Consumer goods 148.4 148.6 149.3
Capital equipment 140.2 139.9 140.9
Less food and energy 151.5 151.4 151.8
Intermediate materials 136.1 137.4 138.2
Less food and energy 140.4 141.7 142.6
Crude materials 148.4 150.7 149.9
Less energy 178.5 189.3 191.6
Money, interest rates, and stock
prices
Money stock (monthly and
quarterly data seasonally
adjusted): (2)
Percent change:
M1 -0.49 1.51 1.49
M2 0.12 0.83 0.77
Ratio:
Gross domestic product to
M1 8.785
Personal income to M2 1.552 1.547 1.542
Interest rates (percent, not
seasonally adjusted): (2)
Prime rate charged by banks 4.00 4.00 4.00
3-month Treasury bills,
secondary market 0.88 0.93 0.94
3-Year U.S. Treasury bonds 2.27 2.25 2.00
10-Year U.S. Treasury bonds 4.15 4.08 3.83
Federal funds rate 1.00 1.01 1.00
New home mortgages 5.74 5.64 5.45
Index of stock prices (not
seasonally adjusted): (3)
500 common stocks, 1941-43=10 1,132.52 1,143.36 1,123.98
Labor markets (thousands, monthly
and quarterly data seasonally
adjusted, unless otherwise noted)
(1)
Civilian labor force 146,863 146,471 148,650
Labor force participation
rates (percent):
Total 66.1 65.9 65.9
Males, age 20 and over 76.0 75.6 75.7
Females, age 20 and over 60.2 60.3 60.3
Both sexes age 16-19 44.4 43.6 42.9
Civilian employment 138,566 138,301 138,298
Ratio, civilian employment
to working-age population
(percent) 62.4 62.2 62.1
Employees on nonagricultural
payrolls 130,194 130,277 130,630
Goods-producing industries 21,696 21,684 21,778
Services-producing industries 108,498 108,593 108,852
Hours of production workers:
Average weekly hours, total
private sector 33.8 33.8 33.8
Average weekly hours,
manufacturing 41.0 41.0 40.9
Average weekly overtime
hours, manufacturing 4.5 4.6 4.6
Number of persons unemployed 8,297 8,170 8,352
Unemployment rates (percent):
Total 5.6 5.6 5.7
Males, age 20 and over 5.1 5.1 5.2
Females, age 20 and over 5.0 4.9 5.1
Both sexes, age 16-19 16.7 16.6 16.5
15 weeks and over 2.3 2.2 2.3
Average weeks unemployed 19.8 20.3 20.1
Median weeks unemployed 10.7 10.3 10.3
Productivity and costs, nonfarm
business sector 1992=100:
Indexes:
Output per hour of all
persons 132.8
Unit labor costs 113.9
Hourly compensation 151.2
Percent change from
preceding period, annual
rate:
Output per hour 3.8
Unit labor costs 0.8
Real hourly compensation 0.9
New construction put in place
(billions of dollars) 946.5 952.2 973.9
Private construction 724.0 732.1 738.7
Residential buildings 513.9 516.4 522.2
Other 210.1 215.7 216.5
Public construction 222.6 220.1 235.2
Housing starts (thousands of
units):
Total 1,934 1,895 2,000
1-unit structures 1,565 1,521 1,624
New 1-family houses sold
(thousands of units) 1,155 1,165 1,270
Manufacturing and trade, inventories
and sales (millions of dollars,
monthly data seasonally adjusted)
(4)
Inventories:
Total manufacturing and trade 1,187,402 1,197,124 1,205,977
Manufacturing 440,029 442,798 444,579
Retail trade 451,357 454,614 460,087
Merchant wholesalers 296,016 299,712 301,311
Sales:
Total manufacturing and trade 894,394 902,285 931,224
Manufacturing 348,477 348,157 362,925
Retail trade 292,253 295,019 301,790
Merchant wholesalers 253,664 259,109 266,509
Inventory-sales ratio:
Total manufacturing and trade 1.33 1.33 1.30
Manufacturing 1.26 1.27 1.22
Retail trade 1.54 1.54 1.52
Merchant wholesalers 1.17 1.16 1.13
Industrial production indexes and
capacity utilization rates
(monthly data seasonally adjusted)
(2)
Industrial production indexes,
1997-100:
Total 113.8 114.8 114.7
Final products 109.8 110.8 110.7
Consumer goods 108.1 108.8 108.5
Business equipment 114.4 116.2 116.2
Nonindustrial supplies 111.3 112.1 112.2
Materials 118.9 119.8 119.7
Capacity utilization rates
(pattern):
Total industry 76.2 76.7 76.6
Manufacturing 74.5 75.3 75.5
Credit market borrowing (billions of
dollars, quarterly data seasonally
adjusted at annual rates) (2)
All sectors, by instrument:
Total 2,801.5
Open market paper 322.0
Treasury securities 465.0
Agency-and GSE-backed
securities 132.3
Municipal securities 170.1
Corporate and foreign bonds 410.8
Bank loans, n.e.c. -24.2
Other bans and advances 89.1
Mortgages 1,113.0
Consumer credit 123.4
2004
April May June
Consumer and producer prices
(monthly data seasonally adjusted)
(1)
Consumer price index for all
urban consumers, 1982-84=100:
All items 187.6 188.8 189.4
Commodities 153.4 155.2 155.8
Services 221.6 222.1 222.8
All items less food and
energy 196.0 196.4 196.6
Food 184.4 186.1 186.4
Energy 145.7 152.4 156.4
Producer price index, 1982=100
Finished goods 147.6 148.8 148.4
Consumer goods 150.7 152.2 151.4
Capital equipment 140.9 141.3 141.6
Less food and energy 152.1 152.6 152.9
Intermediate materials 140.1 141.7 142.4
Less food and energy 144.2 145.5 146.3
Crude materials 154.4 158.7 161.3
Less energy 184.1 177.1 176.2
Money, interest rates, and stock
prices
Money stock (monthly and
quarterly data seasonally
adjusted): (2)
Percent change:
M1 -0.17 -0.07 1.00
M2 0.78 1.12 0.11
Ratio:
Gross domestic product to
M1 8.779
Personal income to M2 1.540 1.531 1.533
Interest rates (percent, not
seasonally adjusted): (2)
Prime rate charged by banks 4.00 4.00 4.00
3-month Treasury bills,
secondary market 0.94 1.02 1.27
3-Year U.S. Treasury bonds 2.57 3.10 3.26
10-Year U.S. Treasury bonds 4.35 4.72 4.73
Federal funds rate 1.00 1.00 1.03
New home mortgages 5.83 6.27 6.29
Index of stock prices (not
seasonally adjusted): (3)
500 common stocks, 1941-43=10 1,133.08 1,102.78 1,132.76
Labor markets (thousands, monthly
and quarterly data seasonally
adjusted, unless otherwise noted)
(1)
Civilian labor force 146,741 146,974 147,279
Labor force participation
rates (percent):
Total 65.9 65.9 66.0
Males, age 20 and over 75.5 75.6 75.8
Females, age 20 and over 60.3 60.3 60.3
Both sexes age 16-19 43.7 43.9 43.3
Civilian employment 138,576 138,772 139,031
Ratio, civilian employment
to working-age population
(percent) 62.2 62.2 62.3
Employees on nonagricultural
payrolls 130,954 131,162 131,240
Goods-producing industries 21,822 21,894 21,896
Services-producing industries 109,132 109,268 109,344
Hours of production workers:
Average weekly hours, total
private sector 33.7 33.8 33.6
Average weekly hours,
manufacturing 40.7 41.1 40.8
Average weekly overtime
hours, manufacturing 4.5 4.6 4.6
Number of persons unemployed 8,164 8,203 8,248
Unemployment rates (percent):
Total 5.6 5.6 5.6
Males, age 20 and over 5.0 5.2 50.0
Females, age 20 and over 5.0 4.8 5.0
Both sexes, age 16-19 16.9 17.2 16.8
15 weeks and over 2.0 2.1 2.1
Average weeks unemployed 19.7 20.0 19.9
Median weeks unemployed 9.5 10.0 10.8
Productivity and costs, nonfarm
business sector 1992=100:
Indexes:
Output per hour of all
persons
Unit labor costs
Hourly compensation
Percent change from
preceding period, annual
rate:
Output per hour
Unit labor costs
Real hourly compensation
New construction put in place
(billions of dollars) 986.4 987.8 985.2
Private construction 747.5 749.6 746.6
Residential buildings 525.9 530.2 527.1
Other 221.6 219.4 219.5
Public construction 238.9 238.1 238.5
Housing starts (thousands of
units):
Total 1,963 1,970 1,802
1-unit structures 1,615 1,645 1,489
New 1-family houses sold
(thousands of units) 1,197 1,337 1,326
Manufacturing and trade, inventories
and sales (millions of dollars,
monthly data seasonally adjusted)
(4)
Inventories:
Total manufacturing and trade 1,214,579 1,219,933
Manufacturing 446,699 448,717
Retail trade 465,891 465,705
Merchant wholesalers 301,989 305,511
Sales:
Total manufacturing and trade 930,732 937,638
Manufacturing 362,569 363,570
Retail trade 299,146 303,666
Merchant wholesalers 269,017 270,402
Inventory-sales ratio:
Total manufacturing and trade 1.30 1.30
Manufacturing 1.23 1.23
Retail trade 1.56 1.53
Merchant wholesalers 1.12 1.13
Industrial production indexes and
capacity utilization rates
(monthly data seasonally adjusted)
(2)
Industrial production indexes,
1997-100:
Total 115.5 116.5 116.2
Final products 111.5 112.4 111.9
Consumer goods 109.2 109.9 109.1
Business equipment 117.3 119.0 119.5
Nonindustrial supplies 113.3 114.6 114.2
Materials 120.6 121.6 121.4
Capacity utilization rates
(pattern):
Total industry 77.0 77.6 77.2
Manufacturing 75.9 76.2 76.0
Credit market borrowing (billions of
dollars, quarterly data seasonally
adjusted at annual rates) (2)
All sectors, by instrument:
Total
Open market paper
Treasury securities
Agency-and GSE-backed
securities
Municipal securities
Corporate and foreign bonds
Bank loans, n.e.c.
Other bans and advances
Mortgages
Consumer credit
Sources:
(1.) Bureau of Labor Statistics
(2.) Federal Reserve Board
(3.) Standard and Poor's, Inc.
(4.) Bureau of the Census
n.e.c. Not elsewhere classified
E. Charts
[GRAPHICS OMITTED]
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