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TABLE F-34.—Sales and inventories in manufacturing and trade, 1939-57[Amounts in billions of dollars]PeriodTotal manufacturingand trade lInventories3 Sales 2 RatioManufacturing Wholesale trade lInventories3 Ratio • Sales 2 tories 3 RatioInven-Sales 2*Retail trade 1Inventories3Ratio *1939....1940...1941....1942....1943....1944....10.812.115.818.621.923.820.122.228.831.131.331.11.77.72.58.66.40.335.15.98.210.412.813.811.512.817.019.320.119.52.112.061.781.771.511.452.22.43.03.43.84.23.13.24.03.83.73.91.341.301.201.19.97.943.53.94.64.85.35.95.56.17.88.07.67.61.531.491.481.761.421.311945....1946....1947....23.927.233.230.942.950.5.30.33.4312.912.615.918.424.528.91.481.661.714.56.07.34.66.67.6.91.901.016.58.510.07.911.914.11.211.131.271948—1949—1950—36.134.539.755.451.862.8.48.56.3917.616.419.331.728.934.31.721.861.577.57.28.47.97.69.11.011.06.9610.910.912.015.815.319.31.401.421.401951...1952...1953...1954...1955—1956—1957 * •44.745.948.447.452.354.856.373.875.478.675.581.789.190.9,58.61.61.62.49.56.6122.322.824.523.526.327.728.442.843.845.443.046.452.353.81.771.901.841.861.681.791.899.710.611.311.39.710.010.510.411.413.012.81.051.011.061.071.021.081.1413.013.514.114.115.315.816.721.221.622.722.123.923.924.31.651.551.591.591.501.501.44Seasonally adjusted1956: JanuaryFebruary. _.MarchAprilMay....—JuneJulyAugustSeptember.OctoberNovember..December...1957: JanuaryFebruary. _.MarchAprilMayJuneJulyAugustSeptember.OctoberNovember 6December 6 .54.354.053.353.954.754.553.955.054.255.956.357.057.957.456.256.456.856.457.457.056.355.754.982.583.583.784.585.385.686.286.686.987.888.589.189.389.689.990.190.690.791.091.391.391.190.9] .511.541.571.561.551.57L. 59.57.60L. 56L. 57L. 56L. 54L. 56L. 60L.591.59L. 61L. 58L601.62L.64L.6627.627.726.827.527.627.426.827.627.128.728.528.830.029.528.428.728.628.129.028.628.228.127.446.847.648.048.649.349.650.050.450.851.852.252.352.452.953.353.753.953.954.154.254.254.153.81.691.701.781.761.781.811.861.821.86. 1.791.831.811.751.781.871.871.881.911.861.891.921.931.9711.211.110.811.011.411.311.211.311.111.411.611.811.611.511.411.311.511.411.411.411.211.010.911.611.711.912.012.112.212.312.512.612.712.813.012.912.812.812.812.712.712.712.812.812.812.81.031.051.091.091.061.081.091.101.121.111.101.091.111.111.121.131.111.111.121.121.151.171.1715.515.215.615.415.715.915.916.115.915.916.216.316.316.416.316.416.616.817.017.016.916.716.616.724.124.223.823.923.923.823.823.723.423.323.523.924.023.923.723.723.924.124.124.324.424.224.31.551.591.541.551.521.511.501.481.491.471.441.451.471.461.461.441.431.431.421.421.44L451.471 The series beginning in 1948 are not comparable with the previous years because of changes in definitionfor the wholesale series. Beginning in 1951, the estimates of retail sales and inventories are based on anew method of estimation adopted by the Bureau of the Census.2 Monthly average shown for year and total for month.3 Seasonally adjusted, end of period.4 Inventory/sales ratio. For annual periods weighted average inventories to average monthly sales;for monthly data, ratio of average end of current and previous month's inventories to sales for month.fi Where December data not available, data for year calculated on basis of no change from November.6 Preliminary.NOTE.—For a description of the series and their comparability, see Survey of Current. Business, Septemberand November 1952, January 1954, and June 1957 for retail, and August 1957 for manufacturing and wholesale.The inventory figures in this table do not agree with the estimates of change in business inventories includedin the gross national product since these figures cover only manufacturing and trade rather than allbusiness, and show inventories in terms of current book value without adjustment for revaluation.Source: Department of Commerce.154
TABLE F-35.—Manufacturers* sales, inventories, and orders, 1939—57[Billions of dollars]PeriodDurablegoodsindustriesNondurablegoodsindustriesPurchasedmate- jrialsInventories 2Durable-goodsindustriesGoodsinprocessFinishedgoodsNondurable-goodsindustriesPurchasedmaterialsGoodsinprocessFinishedgoodsTotalNew orders *DurablegoodsindustriesNondurablegoodsindustriesUnfilledorders(unadjusted)31940—1941....1942....1943—.1944....1945...1946...1947—1948—1949—1950—1951—1952...1953...1954...1955...1956...1957 * *.1956:JanuaryFebruary...MarchAprilMayJuneJulyAugustSeptember..OctoberNovember.December..1957:JanuaryFebruary..MarchAprilMayJuneJulyAugustSeptember.OctoberNovember 5 1.92.53.85.26.97.36.35.06.77.67.18.810.410.912.411.213.113.814.23.23.44.45.36.06.46.67.69.210.09.310.511.911.912.112.313.313.914.31.82.13.13.73.93.33.24.55.15.64.66.17.47.37.46.57.48.78.51.52.03.24.65.25.03.54.65.25.44.76.08.610.210.79.811.112.813.12.12.22.32.22.12.12.12.94.04.74.74.76.86.98.17.78.29.22.42.64.04.34.54.74.96.57.27.36.58.49.18.68.17.98.18.59.00.81.21.21.41.41.51.82.22.22.12.52.72.72.72.62.83.03.02.93.03.23.33.03.03.24.25.26.56.36.68.28.18.48.48.810.110.45.46.89.813.312.711.910.513.715.617.415.921.024.523.623.122.527.228.327.32.23.45.38.06.85.53.95.96.47.56.610.312.711.711.010.213.914.413.1Seasonally adjusted13.813.813.313.713.613.613.013.713.414.414.314.514.914.814.214.314.314.214.614.314.113.913.513.813.913.613.814.013.813.813.913.714.314.214.315.014.714.214.414.313.914.514.314.114.113.97.57.77.98.08.18.18.28.28.28.58.68.78.68.78.78.68.58.48.48.48.58.68.511.211.411.611.812.112.012.112.212.312.612.912.812.812.913.013.413.413.313.513.613.413.213.18.28.48.48.48.58.78.78.88.99.19.19.29.29.39.49.49.69.79.89.89.89.99.88.28.28.28.28.38.38.38.48.48.68.68.58.68.78.78.78.99.09.09.08.98.99.02.82.82.82.82.82.92.92.92.93.02.93.03.03.03.03.02.93.02.93.02.93.03.08.99.19.29.49.49.69.89.910.010.010.110.110.210.310.410.610.510.510.510.510.510.410.428.128.127.428.328.627.727.731.126.828.830.029.028.928.628.127.928.427.127.327.326.626.226.214.414.413.814.514.714.114.117.313.014.315.814.514.214.113.913.214.113.213.013.212.512.212.33.23.44.55.35.96.46.67.89.39.99.310.711.811.912.112.313.313.914.213.713.713.613.814.013.613.613.713.714.514.214.514.814.514.214.714.313.814.314.214.014.113.97.018.437.972.971.549.020.933.830.326.920.841.167.676.359.546.956.964.251.858.358.759.059.659.760.662.464.163.662.863.464.264.063.763.261.961.160.359.357.856.053.251.81 Monthly average shown for year and total for month.2 Book value, seasonally adjusted, end of period.3 End of period.* Based on data through November.5 Preliminary.NOTE.—See Table F-34 for total sales and inventories of manufacturers.Source: Department of Commerce.155
Page 3 and 4:
Economic Reportof the PresidentTRAN
Page 5 and 6:
LETTER OF TRANSMITTALTHE WHITE HOUS
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commercial demands and reduce the f
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APPENDIXESPageA. Summary of Recomme
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present consumption standards. Even
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favored by temporary conditions or
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Federal fiscal policies were also d
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growth with reasonable stability of
Page 21 and 22:
The decline which became apparent i
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CHART 2Shifts in Major Components o
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1957 than in 1956, but in the secon
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though there was no significant inc
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CHART 4—ContinuedEmployment and I
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week was 39.3 hours and average ove
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CHART 5Price ChangesWholesale price
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CHART 6Consumer PricesAfter declini
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few decades and the still higher av
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CHART 7The Pattern of Credit Expans
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CHART 9Member Bank ReservesMember b
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CHART 10Interest Rates and Bond Yie
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CHART 11Indicators of Agricultural
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various forms. On dollar sales of w
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Because of the high level of privat
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TABLE 7.—World industrial product
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CHART 13World and U. S. Foreign Tra
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CHART 14U. S. Balance of PaymentsTh
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a still larger outflow of capital.
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Chapter 4Economic Opportunities and
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of the sources of strength for the
Page 63 and 64:
The strength of our financial insti
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Chapter 5A Legislative Program To H
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growth and stability. Although Fede
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housing loans insured by the Federa
Page 71 and 72:
directions, without sacrificing eit
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medical and dental teaching facilit
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standards and help maintain the inc
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funds, on financial dealings betwee
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on basic crops and dairy products.
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partners, and particularly on the s
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FEDERAL ECONOMIC STATISTICSA well-c
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Summary of Recommendations in the E
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e) Authorize the Secretary of Labor
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Appendix BREPORT TO THE PRESIDENT O
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Report to the President on the Acti
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Advisory Board on Economic Growth a
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Program for Improving Federal Stati
Page 103 and 104:
various divisions. Improvements in
Page 105 and 106:
InventoriesSeparate stage-of-fabric
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Appendix DTHE CONSUMER PRICE INDEX9
Page 110 and 111:
total market basket since the base
Page 112 and 113:
described are applied whenever poss
Page 114 and 115: were employed under contracts conta
Page 117 and 118: Productivity StatisticsThe terms "p
Page 119 and 120: 5 percent. Some improvement over th
Page 121: Appendix FSTATISTICAL TABLES RELATI
Page 124 and 125: Prices:PageF-36. Wholesale price in
Page 127 and 128: NATIONAL INCOME OR EXPENDITURETABLE
Page 129 and 130: TABLE F-2.—Gross national product
Page 131 and 132: TABLE F—4.—Gross national produ
Page 133 and 134: TABLE F—6.—The Nation's income,
Page 135 and 136: TABLE F-8.—Gross private domestic
Page 137 and 138: TABLE F-10.—Relation of gross nat
Page 139 and 140: TABLE F-12.—Sources of personal i
Page 141 and 142: TABLE F-14.—Total and per capita
Page 143 and 144: TABLE F—16.—Sources and uses of
Page 145 and 146: TABLE F-17.—Noninstitutional popu
Page 147 and 148: TABLE F—19.—Employed persons no
Page 149 and 150: TABLE F-21.—Unemployment insuranc
Page 151 and 152: TABLE F-22.—Number of wage and sa
Page 153 and 154: 1929.193019311932193319341935193619
Page 155 and 156: TABLE F-26.—Average weekly hours
Page 157 and 158: TABLE F-28.—Labor turnover rates
Page 159 and 160: TABLE F-29.—Industrial production
Page 161 and 162: TABLE F-31.—New construction acti
Page 163: TABLE F-33.—Housing starts and ap
Page 167 and 168: TABLE F-36.—Wholesale price index
Page 169 and 170: TABLE F-37.— Wholesale price inde
Page 171 and 172: TABLE F—39.—Consumer price inde
Page 173 and 174: TABLE F—41.—Loans and investmen
Page 175 and 176: TABLE F-43.—Bond yields and inter
Page 177 and 178: TABLE F—44.—Short- and intermed
Page 179 and 180: TABLE F-46.—Mortgage debt outstan
Page 181 and 182: GOVERNMENT FINANCETABLE F—48.—U
Page 183 and 184: TABLE F-50.—Federal budget receip
Page 185 and 186: TABLE F-52.—Government cash recei
Page 187 and 188: TABLE F—54.—Reconciliation of F
Page 189 and 190: CORPORATE PROFITS AND FINANCETABLE
Page 191 and 192: TABLE F-58.—Relation of profits a
Page 193 and 194: TABLE F-59.—Sources and uses of c
Page 195 and 196: TABLE F-61.—State and municipal a
Page 197 and 198: Period19291930193119321933193419351
Page 199 and 200: TABLE F-65.—Farm population, empl
Page 201 and 202: TABLE F—67.—Indexes of prices r
Page 203 and 204: TABLE F—70.—Selected indicators
Page 205 and 206: TABLE F—72.—United States balan
Page 207 and 208: TABLE F—73.—United States merch
Page 209: TABLE F—75.—U. S. Government gr
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