********************************************************************* THIS DOCUMENT CONTAINS THE DATA AND PROGRAMS FOR THE ARTICLE BY * DONALD S. ALLEN THAT APPEARED IN THE JULY/AUGUST 1995 REVIEW * ENTITLED, "CHANGES IN INVENTORY MANAGEMENT AND THE BUSINESS CYCLE,''* PAGES 17-26. * ********************************************************************* ************************ ** DATA FOR TABLE #1 ** ************************ SOURCE: FAME DATABASE - BOARD OF GOVERNORS, WASHINGTON D.C. GDP87 = GROSS DOMESTIC PRODUCT, BILLIONS OF CONSTANT 1987 DOLLARS SEASONALLY ADJUSTED QUARTERLY TOTALS AT ANNUAL RATES CIBI87 = CHANGE IN BUSINESS INVENTORIES, BIL OF CONSTANT 1987 DOLLARS SEASONALLY ADJUSTED QUARTERLY TOTALS AT ANNUAL RATES DATE GDP87 CIBI87 (GDP_87) (KIVVI_87) 01JAN47 1239.5 -0.5 01APR47 1247.2 -0.4 01JUL47 1255.0 -5.2 01OCT47 1269.5 7.1 01JAN48 1284.0 9.7 01APR48 1295.7 14.2 01JUL48 1303.8 17.2 01OCT48 1316.4 13.5 01JAN49 1305.3 -0.3 01APR49 1302.0 -16.5 01JUL49 1312.6 -4.7 01OCT49 1301.9 -14.8 01JAN50 1350.9 10.8 01APR50 1393.5 13.9 01JUL50 1445.2 15.9 01OCT50 1484.5 49.4 01JAN51 1504.1 30.5 01APR51 1548.3 45.1 01JUL51 1585.4 30.3 01OCT51 1596.0 14.3 01JAN52 1607.7 14.7 01APR52 1612.1 -5.9 01JUL52 1621.9 14.5 01OCT52 1657.8 14.9 01JAN53 1687.3 11.6 01APR53 1695.3 10.7 01JUL53 1687.9 5.7 01OCT53 1671.2 -7.8 01JAN54 1660.8 -5.2 01APR54 1658.4 -9.3 01JUL54 1677.7 -6.6 01OCT54 1698.3 -1.4 01JAN55 1742.5 11.3 01APR55 1758.6 16.8 01JUL55 1778.2 15.7 01OCT55 1793.9 20.6 01JAN56 1787.0 16.5 01APR56 1798.5 12.9 01JUL56 1802.2 10.2 01OCT56 1826.6 8.9 01JAN57 1836.4 4.9 01APR57 1834.8 5.3 01JUL57 1851.2 7.8 01OCT57 1830.5 -9.6 01JAN58 1790.1 -13.3 01APR58 1804.4 -11.8 01JUL58 1840.9 3.1 01OCT58 1880.9 12.8 01JAN59 1904.9 15.5 01APR59 1937.5 24.4 01JUL59 1930.8 0.5 01OCT59 1941.9 13.9 01JAN60 1976.9 29.6 01APR60 1971.7 7.2 01JUL60 1973.7 11.6 01OCT60 1961.1 -15.9 01JAN61 1977.4 -8.5 01APR61 2006.0 2.6 01JUL61 2035.2 18.5 01OCT61 2076.5 16.3 01JAN62 2103.8 23.3 01APR62 2125.7 14.2 01JUL62 2142.6 17.5 01OCT62 2140.2 7.4 01JAN63 2170.9 21.3 01APR63 2199.5 14.9 01JUL63 2237.6 16.7 01OCT63 2254.5 11.2 01JAN64 2311.1 16.9 01APR64 2329.9 15.4 01JUL64 2357.4 13.9 01OCT64 2364.0 16.4 01JAN65 2410.1 34.0 01APR65 2442.8 23.4 01JUL65 2485.5 24.6 01OCT65 2543.8 18.6 01JAN66 2596.8 36.1 01APR66 2601.4 32.1 01JUL66 2626.1 32.9 01OCT66 2640.5 45.7 01JAN67 2657.2 34.3 01APR67 2669.0 17.8 01JUL67 2699.5 31.6 01OCT67 2715.1 26.8 01JAN68 2752.1 20.0 01APR68 2796.9 36.0 01JUL68 2816.8 26.5 01OCT68 2821.7 12.1 01JAN69 2864.6 28.9 01APR69 2867.8 23.7 01JUL69 2884.5 28.2 01OCT69 2875.1 18.5 01JAN70 2867.8 5.1 01APR70 2859.5 8.4 01JUL70 2895.0 14.4 01OCT70 2873.3 -4.0 01JAN71 2939.9 31.9 01APR71 2944.2 23.8 01JUL71 2962.3 21.9 01OCT71 2977.3 5.4 01JAN72 3037.3 18.4 01APR72 3089.7 24.2 01JUL72 3125.8 33.1 01OCT72 3175.5 14.4 01JAN73 3253.3 31.3 01APR73 3267.6 38.1 01JUL73 3264.3 24.8 01OCT73 3289.1 56.7 01JAN74 3259.4 31.9 01APR74 3267.6 29.8 01JUL74 3239.1 17.6 01OCT74 3226.4 44.4 01JAN75 3154.0 -28.0 01APR75 3190.4 -30.6 01JUL75 3249.9 -2.0 01OCT75 3292.5 4.9 01JAN76 3356.7 26.9 01APR76 3369.2 33.3 01JUL76 3381.0 27.2 01OCT76 3416.3 14.7 01JAN77 3466.4 24.9 01APR77 3525.0 34.3 01JUL77 3574.4 54.0 01OCT77 3567.2 23.8 01JAN78 3591.8 36.0 01APR78 3707.0 36.9 01JUL78 3735.6 35.3 01OCT78 3779.6 40.6 01JAN79 3780.8 21.7 01APR79 3784.3 29.7 01JUL79 3807.5 5.0 01OCT79 3814.6 -2.0 01JAN80 3830.8 7.1 01APR80 3732.6 -3.6 01JUL80 3733.5 -37.2 01OCT80 3808.5 0.8 01JAN81 3860.5 32.6 01APR81 3844.4 15.8 01JUL81 3864.5 35.7 01OCT81 3803.1 14.1 01JAN82 3756.1 -24.4 01APR82 3771.1 -1.5 01JUL82 3754.4 0.7 01OCT82 3759.6 -44.9 01JAN83 3783.5 -33.5 01APR83 3886.5 9.9 01JUL83 3944.4 12.1 01OCT83 4012.1 29.3 01JAN84 4089.5 79.9 01APR84 4144.0 71.0 01JUL84 4166.4 73.0 01OCT84 4194.2 47.9 01JAN85 4221.8 14.8 01APR85 4254.8 23.7 01JUL85 4309.0 19.8 01OCT85 4333.5 30.2 01JAN86 4390.5 48.1 01APR86 4387.7 18.2 01JUL86 4412.6 -12.0 01OCT86 4427.1 -20.1 01JAN87 4460.0 22.5 01APR87 4515.3 17.3 01JUL87 4559.3 5.4 01OCT87 4625.5 59.9 01JAN88 4655.3 19.2 01APR88 4704.8 16.1 01JUL88 4734.5 23.5 01OCT88 4779.7 20.9 01JAN89 4817.6 41.2 01APR89 4839.0 36.9 01JUL89 4839.0 16.0 01OCT89 4856.7 24.9 01JAN90 4898.3 4.7 01APR90 4917.1 28.1 01JUL90 4906.5 10.9 01OCT90 4867.2 -20.9 01JAN91 4842.0 -16.4 01APR91 4867.9 -11.9 01JUL91 4879.9 10.4 01OCT91 4880.8 13.5 01JAN92 4918.5 -6.3 01APR92 4947.5 4.2 01JUL92 4990.5 5.2 01OCT92 5060.7 6.6 01JAN93 5075.3 18.5 01APR93 5105.4 18.9 01JUL93 5139.4 13.0 01OCT93 5218.0 10.8 01JAN94 5261.1 25.4 01APR94 5314.1 59.2 01JUL94 5367.0 57.1 01OCT94 5427.2 48.1 *********************** ** DATA FOR TABLE #2 ** *********************** ********************************************************** * > SALES < ** ********************************************************** * SOURCE: BOARD OF GOVERNORS(P. EA_3085)...$BIL 87...SA ** * PM...PRIMARY METALS ** * NEM...NON-ELETRICICAL MACHINERY ** * EM...ELETRICICAL MACHINERY ** * MVAP...MOTOR VEHICLE AND PARTS ** ********************************************************** DATA SALES;INPUT DATE DATE7. SPM SNEM SEM SMVAP @ ; DATALINES; 01JAN70 13.613 12.576 8.002 10.217 01FEB70 12.702 12.700 8.218 10.338 01MAR70 12.222 12.334 8.218 10.092 01APR70 11.381 12.132 8.294 10.594 01MAY70 12.278 12.463 8.575 10.849 01JUN70 12.351 12.224 8.551 11.200 01JUL70 12.337 12.446 8.684 10.074 01AUG70 12.317 12.161 8.624 9.825 01SEP70 12.484 12.189 8.703 9.879 01OCT70 11.203 11.769 8.678 6.763 01NOV70 10.937 11.567 8.717 6.429 01DEC70 11.664 11.793 8.887 9.907 01JAN71 12.016 11.895 8.467 10.888 01FEB71 12.385 11.780 8.462 11.911 01MAR71 12.760 11.944 8.296 12.367 01APR71 13.788 11.644 8.102 11.341 01MAY71 13.883 11.528 8.327 11.290 01JUN71 13.538 11.773 8.380 11.801 01JUL71 13.169 11.420 8.384 12.546 01AUG71 9.209 11.532 8.456 12.980 01SEP71 9.608 11.789 8.569 13.196 01OCT71 10.067 11.592 8.602 13.307 01NOV71 10.833 11.528 8.619 14.088 01DEC71 11.052 12.009 9.258 13.761 01JAN72 11.411 12.095 9.547 12.184 01FEB72 11.460 12.356 9.339 12.649 01MAR72 11.827 12.253 9.463 12.860 01APR72 12.296 12.768 9.198 13.175 01MAY72 12.264 12.857 8.989 13.045 01JUN72 12.520 12.974 9.130 12.765 01JUL72 12.768 13.292 9.207 12.661 01AUG72 13.265 13.773 9.235 12.716 01SEP72 13.913 13.920 9.199 12.941 01OCT72 14.246 13.888 9.201 14.347 01NOV72 14.163 14.492 9.558 14.883 01DEC72 14.955 14.940 9.673 14.769 01JAN73 14.619 15.266 9.788 16.042 01FEB73 15.090 15.105 9.830 15.962 01MAR73 14.771 15.256 10.057 15.744 01APR73 14.595 15.506 10.044 15.024 01MAY73 14.936 15.521 10.088 15.338 01JUN73 15.079 15.495 10.187 15.442 01JUL73 15.414 15.510 10.575 15.196 01AUG73 15.162 15.141 10.541 15.026 01SEP73 15.333 15.364 10.582 14.964 01OCT73 15.787 14.847 10.866 16.187 01NOV73 15.967 15.168 10.921 16.210 01DEC73 15.548 15.135 11.024 13.296 01JAN74 15.595 15.546 10.916 13.522 01FEB74 15.687 15.552 10.911 12.974 01MAR74 15.735 15.891 10.882 12.437 01APR74 15.768 15.791 10.630 13.025 01MAY74 15.716 15.786 10.885 13.425 01JUN74 15.558 16.199 10.550 13.470 01JUL74 15.655 16.065 10.215 13.936 01AUG74 15.356 15.907 9.776 13.757 01SEP74 15.078 16.019 9.937 13.613 01OCT74 15.679 16.177 9.563 13.710 01NOV74 15.154 15.996 9.274 12.957 01DEC74 14.143 15.595 8.918 10.409 01JAN75 13.866 14.931 8.774 10.560 01FEB75 13.129 14.751 8.798 10.552 01MAR75 11.593 14.165 8.548 10.678 01APR75 11.857 14.512 8.953 11.539 01MAY75 11.187 14.169 8.845 11.404 01JUN75 10.983 14.124 8.800 11.728 01JUL75 11.287 13.864 8.928 12.364 01AUG75 11.467 13.849 8.870 12.370 01SEP75 12.332 14.023 8.931 12.261 01OCT75 11.347 14.210 9.149 11.736 01NOV75 11.156 14.140 8.949 11.826 01DEC75 11.195 13.894 8.740 12.870 01JAN76 12.036 14.131 9.067 13.527 01FEB76 11.920 14.227 9.183 14.184 01MAR76 12.391 14.408 9.348 14.435 01APR76 12.638 14.454 9.300 14.620 01MAY76 13.435 14.701 9.370 14.580 01JUN76 13.429 14.524 9.447 15.205 01JUL76 13.470 14.627 9.569 15.798 01AUG76 13.327 14.802 9.885 15.756 01SEP76 13.275 15.083 9.846 13.519 01OCT76 12.788 14.477 9.809 13.351 01NOV76 12.686 14.856 10.209 15.950 01DEC76 12.362 14.971 10.878 17.070 01JAN77 12.569 15.251 10.704 16.798 01FEB77 12.622 15.407 10.666 16.495 01MAR77 13.359 15.726 10.705 17.310 01APR77 13.132 15.715 10.837 16.595 01MAY77 13.204 15.769 10.764 16.680 01JUN77 13.344 15.482 10.973 17.367 01JUL77 12.849 15.738 11.247 18.111 01AUG77 12.827 16.158 11.236 16.384 01SEP77 13.062 16.043 11.249 16.638 01OCT77 12.956 16.025 11.368 16.872 01NOV77 13.031 16.321 11.487 16.755 01DEC77 13.202 16.438 11.714 17.613 01JAN78 12.913 15.799 11.606 16.446 01FEB78 13.246 16.393 11.471 17.037 01MAR78 12.925 16.460 11.570 17.169 01APR78 13.584 17.210 11.960 18.182 01MAY78 13.430 16.715 11.658 17.934 01JUN78 13.552 17.082 11.758 17.599 01JUL78 13.778 17.084 11.825 17.395 01AUG78 14.004 17.204 12.220 17.363 01SEP78 14.106 17.206 12.355 17.234 01OCT78 14.411 17.519 12.394 18.388 01NOV78 14.432 17.441 12.256 19.049 01DEC78 14.714 17.658 12.669 19.409 01JAN79 14.106 17.357 12.663 19.871 01FEB79 14.184 17.819 12.766 19.429 01MAR79 14.906 18.192 13.005 18.661 01APR79 12.654 18.008 12.687 16.598 01MAY79 15.217 18.274 12.980 18.484 01JUN79 14.117 17.999 13.118 15.953 01JUL79 14.316 18.322 12.921 15.648 01AUG79 14.125 18.415 12.953 13.305 01SEP79 13.853 18.101 13.084 14.811 01OCT79 13.728 18.035 13.059 15.032 01NOV79 13.328 17.129 13.138 14.083 01DEC79 12.843 17.863 13.450 13.606 01JAN80 13.706 17.972 13.463 13.518 01FEB80 13.090 18.030 13.846 13.879 01MAR80 13.144 17.605 13.525 12.399 01APR80 12.400 16.991 12.980 11.278 01MAY80 11.538 16.967 12.918 9.961 01JUN80 10.874 16.976 12.708 9.692 01JUL80 11.323 16.924 12.862 10.111 01AUG80 11.443 16.659 13.129 10.087 01SEP80 12.162 17.175 13.128 12.056 01OCT80 12.397 17.592 13.594 12.839 01NOV80 12.933 17.174 13.601 12.623 01DEC80 13.078 17.338 13.206 12.242 01JAN81 12.807 18.007 13.265 11.088 01FEB81 12.880 17.506 13.319 11.156 01MAR81 12.584 17.772 13.393 11.809 01APR81 12.754 17.849 13.482 12.353 01MAY81 12.859 17.413 13.683 12.556 01JUN81 12.768 17.675 13.658 12.817 01JUL81 12.675 17.579 13.605 12.084 01AUG81 12.608 17.601 13.671 11.674 01SEP81 12.241 17.312 13.492 10.726 01OCT81 11.736 17.020 13.386 10.854 01NOV81 11.247 17.043 13.353 10.315 01DEC81 10.493 16.498 12.881 10.171 01JAN82 10.556 16.497 13.501 8.465 01FEB82 10.379 16.695 13.693 9.596 01MAR82 9.797 16.308 13.565 10.301 01APR82 9.906 15.643 13.831 11.013 01MAY82 9.479 15.574 13.959 11.239 01JUN82 9.292 15.100 13.636 11.542 01JUL82 9.001 14.904 14.076 11.856 01AUG82 8.815 14.622 13.494 11.054 01SEP82 8.771 14.707 13.388 10.277 01OCT82 8.156 13.654 13.356 9.485 01NOV82 7.896 13.819 13.027 9.273 01DEC82 8.192 13.349 12.911 9.912 01JAN83 8.470 13.565 13.532 11.120 01FEB83 8.320 12.956 13.474 12.131 01MAR83 8.801 13.281 13.555 11.974 01APR83 8.914 13.578 13.809 11.892 01MAY83 9.151 13.533 13.830 12.726 01JUN83 9.266 14.019 14.074 13.555 01JUL83 9.384 14.566 13.779 13.708 01AUG83 9.247 14.445 13.702 14.249 01SEP83 9.680 14.442 14.418 14.567 01OCT83 9.860 14.809 14.740 14.927 01NOV83 10.324 15.153 14.996 15.513 01DEC83 11.212 15.687 15.211 16.490 01JAN84 10.214 15.896 15.401 16.637 01FEB84 10.444 16.167 15.345 16.376 01MAR84 10.347 16.104 15.864 16.308 01APR84 10.054 16.291 15.904 15.473 01MAY84 10.046 16.908 16.246 15.676 01JUN84 10.129 16.690 16.316 15.744 01JUL84 10.163 16.803 16.322 16.647 01AUG84 10.254 16.915 16.407 17.092 01SEP84 9.781 17.420 16.593 14.911 01OCT84 10.178 17.459 16.404 16.728 01NOV84 10.114 17.415 16.337 17.157 01DEC84 9.452 17.192 17.516 17.106 01JAN85 9.977 16.836 16.209 17.922 01FEB85 9.741 17.007 16.503 16.603 01MAR85 9.456 17.781 16.580 16.328 01APR85 9.712 17.142 16.313 16.567 01MAY85 9.636 17.652 16.498 16.852 01JUN85 9.546 17.622 17.013 16.104 01JUL85 9.590 17.315 16.603 17.096 01AUG85 9.702 17.529 16.739 17.269 01SEP85 9.363 17.431 16.544 17.959 01OCT85 9.362 17.667 17.092 17.602 01NOV85 9.366 18.213 17.509 17.292 01DEC85 9.197 17.674 16.835 16.346 01JAN86 9.579 17.901 16.189 18.430 01FEB86 9.593 17.934 16.935 16.823 01MAR86 9.445 17.731 16.820 15.801 01APR86 9.709 18.066 16.830 17.415 01MAY86 9.564 17.270 16.614 16.499 01JUN86 9.241 17.841 16.838 16.789 01JUL86 9.302 17.028 16.859 17.816 01AUG86 8.947 16.845 17.018 16.373 01SEP86 9.373 16.951 17.036 17.317 01OCT86 9.369 16.677 17.069 16.384 01NOV86 9.091 17.138 17.352 15.330 01DEC86 9.201 17.227 17.160 18.147 01JAN87 8.996 17.401 13.664 17.359 01FEB87 9.501 17.382 13.947 18.726 01MAR87 9.494 17.192 13.942 18.336 01APR87 9.687 17.610 14.002 17.095 01MAY87 9.725 17.522 13.888 16.973 01JUN87 10.006 17.750 14.305 16.793 01JUL87 10.256 18.919 14.500 15.880 01AUG87 9.935 18.045 14.320 15.803 01SEP87 10.414 18.804 14.569 16.763 01OCT87 10.341 18.904 14.547 17.525 01NOV87 10.830 18.782 14.788 17.543 01DEC87 11.157 19.308 14.802 17.067 01JAN88 10.230 19.229 14.999 17.471 01FEB88 10.412 19.394 15.085 17.698 01MAR88 10.932 19.695 15.283 18.108 01APR88 10.698 19.930 15.139 18.007 01MAY88 10.925 20.200 15.420 18.311 01JUN88 11.269 20.356 15.630 18.348 01JUL88 10.701 20.581 15.615 17.796 01AUG88 10.905 20.989 15.887 17.825 01SEP88 11.168 20.847 16.094 18.486 01OCT88 11.013 20.442 15.711 19.011 01NOV88 11.156 20.521 15.718 18.889 01DEC88 11.239 20.859 15.840 20.942 01JAN89 11.185 20.738 16.330 20.932 01FEB89 11.057 20.787 15.844 19.645 01MAR89 10.849 20.745 15.984 18.708 01APR89 10.960 20.923 16.219 19.872 01MAY89 10.791 21.277 15.995 18.313 01JUN89 10.820 21.574 15.650 17.250 01JUL89 10.612 20.633 15.518 15.591 01AUG89 10.670 21.260 16.030 19.435 01SEP89 10.552 21.064 15.691 18.138 01OCT89 10.402 20.673 15.635 16.760 01NOV89 10.349 21.155 15.649 18.526 01DEC89 10.164 21.356 15.771 18.574 01JAN90 10.470 21.351 15.955 13.152 01FEB90 10.487 21.391 16.396 17.923 01MAR90 10.648 21.895 16.097 18.887 01APR90 10.434 21.140 15.931 17.529 01MAY90 10.471 21.387 16.331 18.670 01JUN90 10.550 21.183 16.068 19.604 01JUL90 10.719 20.936 16.164 17.851 01AUG90 10.550 21.674 16.148 18.879 01SEP90 10.359 21.450 15.859 17.204 01OCT90 10.684 21.873 16.229 17.971 01NOV90 10.367 21.363 15.887 15.294 01DEC90 10.337 21.478 15.662 13.004 01JAN91 10.185 20.828 15.820 14.714 01FEB91 9.702 20.742 15.838 14.358 01MAR91 9.365 20.269 15.809 13.141 01APR91 9.928 20.868 16.094 15.696 01MAY91 9.980 20.808 16.544 16.631 01JUN91 9.825 21.017 16.551 16.099 01JUL91 10.177 20.960 16.463 17.656 01AUG91 10.258 20.928 16.614 17.502 01SEP91 10.372 20.948 16.733 17.930 01OCT91 10.376 21.831 16.628 17.935 01NOV91 10.224 21.321 17.095 17.354 01DEC91 9.912 20.534 16.866 14.774 01JAN92 10.320 21.344 16.833 15.696 01FEB92 10.234 21.057 16.753 16.968 01MAR92 10.102 21.668 16.872 17.346 01APR92 10.257 21.886 17.074 17.447 01MAY92 10.396 21.653 17.030 17.941 01JUN92 10.371 23.033 17.021 17.612 01JUL92 10.372 22.631 17.878 17.172 01AUG92 10.111 22.614 17.143 18.264 01SEP92 10.088 22.708 17.905 17.505 01OCT92 10.162 23.042 18.226 18.637 01NOV92 10.343 23.607 17.932 19.217 01DEC92 10.267 24.287 18.799 20.132 01JAN93 10.461 24.819 17.797 20.251 01FEB93 10.596 25.012 18.540 20.918 01MAR93 10.671 26.590 18.890 21.226 01APR93 10.528 25.799 18.899 20.619 01MAY93 10.402 26.293 19.117 19.871 01JUN93 10.839 26.731 20.033 20.812 01JUL93 10.343 27.631 19.646 17.416 01AUG93 10.511 28.178 20.165 19.607 01SEP93 10.739 29.009 20.675 21.087 01OCT93 10.590 29.360 20.386 22.082 01NOV93 11.013 30.458 21.056 22.799 01DEC93 11.233 31.385 21.575 23.566 01JAN94 10.881 30.122 21.696 23.901 01FEB94 11.075 31.443 21.822 24.150 01MAR94 11.096 31.869 21.599 23.420 01APR94 11.110 31.556 22.261 23.368 01MAY94 11.384 32.043 22.459 23.145 01JUN94 11.300 32.392 22.737 23.258 01JUL94 11.262 32.434 22.867 20.631 01AUG94 11.672 33.679 23.223 24.895 01SEP94 11.570 34.090 23.508 24.213 01OCT94 11.596 34.543 23.754 23.056 01NOV94 11.832 34.718 24.527 24.718 01DEC94 12.200 34.999 24.766 25.173 ********************************************************** * MANUFACTURERS REAL INVENTORIES BY STAGE OF FABRICATION * ********************************************************** * MS...MATERIALS AND SUPPLIES ** * WP...WORK IN PROCESS ** * FG...FINISHED GOODS ** ********************************************************** * SOURCE: BOARD OF GOVERNORS(P. EA_3060)...$BIL 87...SA ** * PM...PRIMARY METALS ** * NEM...NON-ELETRICICAL MACHINERY ** * EM...ELETRICICAL MACHINERY ** * MVAP...MOTOR VEHICLE AND PARTS ** **********************************************************; DATA INV1;INPUT DATE DATE7. IMSPM IMSEM IMSNEM IMSMVAP IWPPM IWPEM @; DATALINES; 01JAN70 8.406 5.714 6.305 5.416 8.232 9.183 01FEB70 8.456 5.789 6.270 5.174 7.990 9.067 01MAR70 8.576 5.783 6.259 5.005 8.041 8.999 01APR70 8.633 5.796 6.200 4.920 8.252 8.978 01MAY70 8.648 5.734 6.215 4.802 8.319 8.907 01JUN70 8.633 5.751 6.289 4.585 8.321 8.920 01JUL70 8.699 5.679 6.310 4.600 8.383 9.027 01AUG70 8.823 5.698 6.306 5.719 8.392 8.938 01SEP70 8.850 5.688 6.334 4.699 8.390 8.926 01OCT70 9.006 5.597 6.357 4.737 8.486 9.069 01NOV70 9.172 5.533 6.407 4.897 8.644 9.056 01DEC70 8.944 5.491 6.470 4.984 8.693 8.950 01JAN71 9.002 5.472 6.574 5.065 8.939 8.688 01FEB71 8.971 5.466 6.621 4.947 8.939 8.622 01MAR71 8.897 5.437 6.653 4.878 8.873 8.720 01APR71 8.866 5.406 6.734 5.046 8.747 8.618 01MAY71 8.808 5.400 6.734 5.392 8.656 8.564 01JUN71 8.892 5.421 6.723 5.592 8.565 8.556 01JUL71 8.874 5.444 6.785 5.452 8.313 8.405 01AUG71 8.939 5.383 6.703 6.290 8.395 8.390 01SEP71 9.088 5.337 6.556 5.126 8.583 8.435 01OCT71 8.961 5.320 6.421 5.043 8.669 8.336 01NOV71 8.944 5.368 6.444 5.040 8.606 8.344 01DEC71 9.058 5.364 6.410 4.952 8.507 8.401 01JAN72 9.122 5.318 6.383 5.087 8.574 8.463 01FEB72 9.164 5.308 6.293 5.119 8.646 8.385 01MAR72 9.196 5.314 6.256 5.242 8.817 8.415 01APR72 9.093 5.318 6.245 5.289 8.916 8.396 01MAY72 9.091 5.358 6.234 5.206 8.928 8.381 01JUN72 9.059 5.298 6.199 4.797 9.064 8.301 01JUL72 9.022 5.351 6.183 5.148 9.137 8.313 01AUG72 9.017 5.398 6.213 5.861 9.253 8.419 01SEP72 9.076 5.460 6.309 5.404 9.239 8.491 01OCT72 9.040 5.489 6.384 5.658 9.219 8.398 01NOV72 9.038 5.571 6.515 5.522 9.161 8.494 01DEC72 9.019 5.624 6.605 5.619 9.252 8.515 01JAN73 8.958 5.716 6.673 5.261 9.396 8.962 01FEB73 8.851 5.808 6.789 5.321 9.405 8.908 01MAR73 8.755 5.881 6.868 5.296 9.252 9.094 01APR73 8.764 5.996 7.028 5.426 9.212 9.216 01MAY73 8.753 6.044 7.158 5.386 9.203 9.319 01JUN73 8.742 6.257 7.271 5.546 9.059 9.505 01JUL73 8.853 6.420 7.438 5.544 9.059 9.660 01AUG73 8.912 6.558 7.601 5.639 8.998 9.897 01SEP73 8.942 6.724 7.714 5.819 9.109 9.945 01OCT73 9.003 6.887 7.815 5.804 9.135 10.146 01NOV73 9.058 6.991 7.924 5.502 9.007 10.346 01DEC73 9.248 7.121 8.119 6.496 9.035 10.435 01JAN74 9.096 7.210 8.105 5.944 9.333 10.506 01FEB74 9.105 7.340 8.231 5.679 9.182 10.656 01MAR74 9.245 7.445 8.436 5.751 9.111 10.640 01APR74 9.423 7.590 8.573 5.407 9.035 10.697 01MAY74 9.645 7.674 8.747 5.086 8.931 10.726 01JUN74 9.780 7.709 8.939 5.657 8.977 10.657 01JUL74 10.003 7.780 9.116 5.683 9.002 10.660 01AUG74 10.208 7.814 9.214 5.484 9.011 10.553 01SEP74 10.364 7.795 9.420 5.774 9.071 10.577 01OCT74 10.540 7.801 9.750 5.605 9.145 10.468 01NOV74 10.544 7.795 9.766 5.181 9.215 10.306 01DEC74 11.114 7.792 9.926 6.194 9.342 10.261 01JAN75 11.634 7.834 10.100 5.550 9.300 10.165 01FEB75 12.136 7.766 10.217 5.436 9.606 10.109 01MAR75 12.027 7.598 10.321 5.324 9.994 9.819 01APR75 12.102 7.427 10.208 5.333 10.227 9.924 01MAY75 12.153 7.259 10.124 5.104 10.485 9.935 01JUN75 12.292 7.156 10.077 4.954 10.504 9.880 01JUL75 12.335 6.971 9.970 5.170 10.517 9.972 01AUG75 12.271 6.856 9.935 5.146 10.478 9.813 01SEP75 12.290 6.753 9.879 5.006 10.279 9.795 01OCT75 12.305 6.732 9.634 4.978 10.341 9.813 01NOV75 12.348 6.774 9.515 5.026 10.461 9.758 01DEC75 12.104 6.711 9.304 5.041 10.469 9.686 01JAN76 12.352 6.759 9.457 4.984 10.346 9.682 01FEB76 12.425 6.703 9.446 5.199 10.361 9.544 01MAR76 12.498 6.668 9.413 5.386 10.461 9.751 01APR76 12.471 6.813 9.407 5.647 10.491 9.715 01MAY76 12.468 6.861 9.381 5.794 10.624 9.724 01JUN76 12.483 6.861 9.379 5.877 10.609 9.830 01JUL76 12.409 6.948 9.377 6.242 10.560 9.888 01AUG76 12.425 7.002 9.433 5.637 10.658 9.892 01SEP76 12.580 7.075 9.384 5.807 10.643 9.841 01OCT76 12.732 7.174 9.389 6.069 10.767 9.945 01NOV76 12.742 7.248 9.549 6.220 10.797 10.082 01DEC76 12.883 7.247 9.379 6.127 10.841 10.282 01JAN77 13.012 7.295 9.367 6.246 10.870 10.348 01FEB77 13.097 7.370 9.299 6.231 10.927 10.329 01MAR77 13.197 7.430 9.278 6.277 10.868 10.399 01APR77 13.257 7.399 9.215 6.144 10.727 10.563 01MAY77 13.229 7.470 9.228 6.174 10.749 10.700 01JUN77 13.212 7.559 9.246 6.455 10.760 10.771 01JUL77 13.238 7.601 9.280 6.347 10.838 10.833 01AUG77 13.101 7.687 9.255 6.574 10.907 10.951 01SEP77 12.999 7.705 9.355 6.861 10.849 11.084 01OCT77 12.895 7.683 9.414 6.961 10.838 11.208 01NOV77 12.691 7.680 9.454 6.809 10.809 11.322 01DEC77 12.537 7.748 9.537 6.724 10.762 11.445 01JAN78 12.100 7.683 9.556 6.797 10.844 11.611 01FEB78 11.996 7.815 9.587 6.797 10.897 11.755 01MAR78 11.824 7.845 9.665 6.525 10.648 11.849 01APR78 11.840 7.961 9.793 6.645 10.851 11.945 01MAY78 11.881 8.097 9.919 6.716 10.790 12.016 01JUN78 11.921 8.227 9.997 6.764 10.872 12.081 01JUL78 11.849 8.316 10.141 6.620 11.073 12.088 01AUG78 12.006 8.370 10.164 6.835 11.024 12.215 01SEP78 12.032 8.534 10.302 7.281 11.177 12.342 01OCT78 11.953 8.559 10.476 6.788 11.324 12.410 01NOV78 12.087 8.623 10.317 7.125 11.436 12.623 01DEC78 12.022 8.643 10.418 6.922 11.472 12.602 01JAN79 11.827 8.970 10.433 7.568 11.302 12.669 01FEB79 11.723 8.712 10.400 7.994 11.227 13.082 01MAR79 11.781 9.066 10.577 7.846 11.027 13.202 01APR79 11.705 9.093 10.544 8.019 11.345 13.352 01MAY79 11.612 9.235 10.662 8.005 11.089 13.532 01JUN79 11.814 9.434 10.735 7.411 11.282 13.639 01JUL79 11.876 9.462 10.680 7.845 11.308 13.774 01AUG79 12.132 9.214 10.879 8.277 11.395 13.978 01SEP79 11.966 9.225 10.941 7.757 11.507 14.278 01OCT79 12.088 9.272 11.188 8.239 11.383 14.398 01NOV79 12.167 9.246 11.306 7.832 11.374 14.543 01DEC79 12.223 9.560 11.480 7.192 11.529 14.689 01JAN80 12.378 9.542 11.493 6.894 11.024 14.730 01FEB80 12.390 9.672 11.648 6.680 11.005 14.768 01MAR80 12.339 9.780 11.715 6.749 11.090 14.722 01APR80 12.349 9.831 11.864 6.723 11.274 14.690 01MAY80 12.552 9.834 11.704 6.488 11.487 14.586 01JUN80 12.534 9.813 11.823 6.132 11.648 14.508 01JUL80 12.523 9.865 11.956 5.767 11.483 14.581 01AUG80 12.266 9.849 11.948 5.576 11.277 14.566 01SEP80 12.102 9.903 11.877 5.307 10.980 14.527 01OCT80 11.968 9.885 11.821 5.358 10.811 14.535 01NOV80 11.752 9.822 11.786 5.438 11.047 14.495 01DEC80 11.802 9.864 11.785 5.760 11.146 14.568 01JAN81 12.167 10.006 11.738 5.904 11.361 14.693 01FEB81 12.231 10.040 11.640 5.805 11.496 14.906 01MAR81 12.210 9.916 11.638 5.882 11.640 14.908 01APR81 11.948 10.082 11.784 5.842 11.547 15.213 01MAY81 11.647 10.142 11.739 5.691 11.590 15.056 01JUN81 11.788 10.169 11.871 5.562 11.470 15.182 01JUL81 11.905 10.181 11.884 5.743 11.524 15.306 01AUG81 11.922 10.320 11.902 5.339 11.605 15.177 01SEP81 12.108 10.277 12.124 5.397 11.664 15.344 01OCT81 12.157 10.317 12.183 5.278 11.600 15.365 01NOV81 12.212 10.269 12.208 5.036 11.587 15.327 01DEC81 12.310 10.086 12.198 4.940 11.683 15.126 01JAN82 12.260 10.022 12.413 4.651 11.831 15.025 01FEB82 12.265 9.862 12.520 4.527 11.707 15.108 01MAR82 12.234 9.790 12.252 4.297 11.395 15.062 01APR82 12.114 9.896 12.157 4.246 11.115 14.999 01MAY82 11.992 9.673 12.115 4.136 10.933 15.077 01JUN82 11.822 9.533 12.057 4.285 10.869 15.141 01JUL82 11.608 9.557 11.977 4.359 10.694 14.888 01AUG82 11.446 9.458 11.944 4.270 10.669 14.923 01SEP82 11.277 9.389 11.711 4.152 10.683 14.745 01OCT82 10.979 9.461 11.930 4.134 10.798 14.540 01NOV82 10.775 9.542 11.769 3.981 10.563 14.734 01DEC82 10.800 9.341 11.570 4.236 10.141 14.745 01JAN83 10.623 9.288 11.455 3.923 10.080 14.541 01FEB83 10.527 9.183 11.484 4.033 10.025 14.434 01MAR83 10.319 9.133 11.438 4.017 9.707 14.440 01APR83 10.343 9.029 11.502 4.128 9.713 14.671 01MAY83 10.220 9.178 11.616 4.171 9.617 14.772 01JUN83 10.071 9.267 11.527 4.299 9.492 14.829 01JUL83 9.954 9.121 11.375 4.385 9.572 15.015 01AUG83 9.858 9.326 11.321 4.446 9.571 14.882 01SEP83 9.764 9.454 11.315 4.524 9.578 14.755 01OCT83 9.747 9.556 11.342 4.640 9.761 15.021 01NOV83 9.894 9.663 11.562 4.817 9.728 15.154 01DEC83 10.089 9.872 11.377 4.955 9.853 15.720 01JAN84 9.886 9.852 11.566 5.184 9.861 15.578 01FEB84 9.891 10.057 11.684 5.214 9.995 15.916 01MAR84 10.002 10.132 11.871 5.311 10.004 16.139 01APR84 9.939 10.290 11.998 5.202 10.294 16.273 01MAY84 10.054 10.446 12.259 5.326 10.447 16.521 01JUN84 10.122 10.670 12.188 5.423 10.532 16.710 01JUL84 10.242 10.848 12.751 5.405 10.556 16.937 01AUG84 10.400 11.107 12.892 5.491 10.561 17.325 01SEP84 10.524 11.270 13.059 5.553 10.473 17.696 01OCT84 10.405 11.466 12.761 5.814 10.364 18.033 01NOV84 10.253 11.645 12.653 5.683 10.328 18.249 01DEC84 9.936 11.679 12.819 5.705 10.187 18.208 01JAN85 9.690 11.740 12.883 5.559 9.849 18.295 01FEB85 9.573 11.864 12.818 5.605 9.852 18.208 01MAR85 9.420 11.847 12.836 5.591 10.109 18.189 01APR85 9.383 11.743 12.905 5.616 9.929 18.255 01MAY85 9.414 11.646 12.845 5.546 9.762 18.417 01JUN85 9.375 11.560 12.897 5.675 9.719 18.699 01JUL85 9.280 11.597 12.789 5.751 9.649 18.912 01AUG85 9.284 11.586 12.768 5.719 9.493 18.819 01SEP85 9.228 11.438 12.414 5.776 9.473 18.737 01OCT85 9.238 11.367 12.504 5.699 9.298 18.603 01NOV85 9.031 11.293 12.459 5.734 9.195 18.409 01DEC85 8.863 11.280 12.258 5.837 9.189 18.396 01JAN86 8.775 11.045 12.091 5.674 9.116 18.534 01FEB86 8.782 11.034 12.085 5.525 9.047 18.405 01MAR86 8.610 11.095 11.724 5.537 9.071 18.456 01APR86 8.625 11.082 11.820 5.535 8.931 18.509 01MAY86 8.615 11.129 11.706 5.496 8.960 18.485 01JUN86 8.570 11.193 11.754 5.366 9.000 18.422 01JUL86 8.653 11.136 11.577 5.365 9.007 18.426 01AUG86 8.343 11.000 11.664 5.310 9.043 18.547 01SEP86 8.306 11.054 11.758 5.420 8.918 18.392 01OCT86 8.320 10.835 11.585 5.315 8.790 18.506 01NOV86 8.331 10.816 11.657 5.341 8.917 18.389 01DEC86 8.383 10.726 11.626 5.219 9.001 18.188 01JAN87 8.375 9.423 11.596 5.135 8.924 10.995 01FEB87 8.303 9.385 11.551 5.287 8.998 10.995 01MAR87 8.251 9.339 11.550 5.329 8.944 10.964 01APR87 8.267 9.479 11.719 5.272 8.902 11.025 01MAY87 8.059 9.559 11.729 5.277 9.008 11.094 01JUN87 8.024 9.592 11.834 5.225 9.021 11.134 01JUL87 8.002 9.519 11.734 5.198 8.963 11.061 01AUG87 7.950 9.501 11.694 4.932 8.951 11.115 01SEP87 7.926 9.413 11.724 5.222 9.040 11.215 01OCT87 7.977 9.335 11.891 5.285 9.127 11.323 01NOV87 8.045 9.245 12.031 5.226 9.232 11.519 01DEC87 8.125 9.372 12.123 5.222 9.372 11.414 01JAN88 8.163 9.349 12.084 5.221 9.426 11.467 01FEB88 8.280 9.434 12.336 5.141 9.514 11.575 01MAR88 8.417 9.522 12.593 5.069 9.346 11.613 01APR88 8.371 9.634 12.775 5.105 9.450 11.675 01MAY88 8.395 9.733 12.982 5.128 9.438 11.731 01JUN88 8.411 9.801 13.024 5.120 9.398 11.914 01JUL88 8.440 9.888 13.444 5.069 9.383 12.078 01AUG88 8.467 10.084 13.702 5.105 9.533 12.245 01SEP88 8.512 10.162 14.054 5.281 9.706 12.320 01OCT88 8.492 10.300 14.245 4.963 9.796 12.399 01NOV88 8.478 10.471 14.099 5.018 9.821 12.670 01DEC88 8.571 10.490 14.117 4.966 9.732 12.867 01JAN89 8.521 10.590 14.563 4.974 9.810 12.962 01FEB89 8.525 10.772 14.717 4.977 9.794 13.187 01MAR89 8.518 10.796 14.947 5.022 9.900 13.230 01APR89 8.547 10.882 14.858 5.022 10.017 13.431 01MAY89 8.574 10.856 14.992 4.935 10.096 13.525 01JUN89 8.616 10.957 15.112 4.828 10.014 13.460 01JUL89 8.633 11.159 15.309 5.089 10.088 13.625 01AUG89 8.718 11.234 15.435 4.947 9.891 13.858 01SEP89 8.657 11.427 15.589 4.676 9.719 13.625 01OCT89 8.554 11.549 15.975 4.769 9.698 13.768 01NOV89 8.562 11.688 15.915 4.738 9.690 13.846 01DEC89 8.516 11.788 15.688 4.584 9.597 13.978 01JAN90 8.589 11.930 15.878 4.802 9.605 13.869 01FEB90 8.562 11.879 15.905 4.758 9.575 13.937 01MAR90 8.461 11.878 15.705 4.705 9.288 13.856 01APR90 8.398 11.838 15.724 4.734 9.125 13.885 01MAY90 8.391 11.821 15.785 4.772 9.038 13.876 01JUN90 8.385 11.737 15.839 4.906 9.178 13.806 01JUL90 8.492 11.825 15.762 4.990 9.235 13.869 01AUG90 8.391 11.713 15.696 4.797 9.360 13.785 01SEP90 8.323 11.671 15.723 4.653 9.469 13.793 01OCT90 8.429 11.709 15.906 4.790 9.392 13.699 01NOV90 8.385 11.783 15.982 4.864 9.494 13.658 01DEC90 8.374 11.559 15.964 4.949 9.593 13.698 01JAN91 8.401 11.427 16.107 5.175 9.593 13.661 01FEB91 8.445 11.473 15.986 5.182 9.482 13.411 01MAR91 8.408 11.406 16.091 5.068 9.581 13.676 01APR91 8.350 11.384 16.153 5.027 9.552 13.805 01MAY91 8.325 11.434 16.094 4.891 9.509 13.581 01JUN91 8.270 11.388 15.831 4.948 9.543 13.607 01JUL91 8.153 11.395 15.829 4.895 9.498 13.553 01AUG91 8.161 11.544 15.817 4.757 9.340 13.268 01SEP91 8.175 11.492 15.643 4.789 9.271 13.279 01OCT91 8.217 11.431 15.579 4.965 9.137 13.250 01NOV91 8.087 11.409 15.508 4.812 9.102 13.274 01DEC91 8.015 11.453 15.487 4.904 9.020 13.172 01JAN92 7.914 11.455 15.385 4.872 8.941 13.075 01FEB92 7.843 11.453 15.358 4.790 8.914 13.044 01MAR92 7.879 11.397 15.168 4.996 8.845 12.906 01APR92 7.859 11.432 15.053 5.101 8.810 12.787 01MAY92 7.754 11.443 15.044 5.063 8.924 12.679 01JUN92 7.873 11.475 15.275 5.114 8.855 12.676 01JUL92 7.801 11.306 15.158 5.201 8.744 12.735 01AUG92 7.790 11.419 15.483 5.275 8.737 12.919 01SEP92 7.794 11.426 15.689 5.185 8.680 12.975 01OCT92 7.813 11.371 15.634 5.145 8.700 12.985 01NOV92 7.855 11.457 15.665 4.936 8.748 13.096 01DEC92 7.905 11.508 15.818 4.953 8.708 13.176 01JAN93 7.927 11.529 15.769 4.953 8.766 13.415 01FEB93 7.881 11.490 15.874 4.943 8.796 13.481 01MAR93 7.960 11.526 15.679 5.067 8.839 13.600 01APR93 7.990 11.525 16.070 4.878 8.644 13.817 01MAY93 7.951 11.578 16.323 4.795 8.641 14.061 01JUN93 7.992 11.652 16.150 4.785 8.577 14.047 01JUL93 7.965 11.705 16.012 4.981 8.626 14.317 01AUG93 7.888 11.768 16.044 4.966 8.782 14.385 01SEP93 7.714 11.863 15.906 4.862 8.989 14.330 01OCT93 7.680 11.824 16.104 4.892 9.194 14.535 01NOV93 7.700 11.810 16.255 4.759 9.040 14.624 01DEC93 7.687 11.675 16.028 4.630 8.963 14.580 01JAN94 7.524 11.980 15.799 4.538 8.949 14.853 01FEB94 7.494 12.159 16.160 4.672 8.867 15.008 01MAR94 7.500 12.309 16.118 4.665 8.756 15.157 01APR94 7.497 12.460 16.562 4.845 8.702 15.254 01MAY94 7.566 12.599 16.814 4.908 8.710 15.650 01JUN94 7.513 12.743 17.057 4.833 8.744 15.811 01JUL94 7.467 12.947 17.383 4.846 8.804 16.049 01AUG94 7.467 13.065 17.801 4.745 8.647 16.188 01SEP94 7.491 13.190 17.625 4.750 8.520 16.528 01OCT94 7.501 13.460 17.625 4.771 8.463 16.684 01NOV94 7.440 13.563 18.114 4.756 8.405 16.861 01DEC94 7.386 13.721 17.974 4.669 8.263 17.057 ; DATA INV2;INPUT DATE DATE7. IWPNEM IWPMVAP IFGPM IFGEM IFGNEM IFGMVAP @; DATALINES; 01JAN70 9.263 4.889 6.937 5.117 8.235 1.960 01FEB70 9.320 4.864 7.006 5.155 8.332 1.804 01MAR70 9.342 4.756 7.092 5.181 8.445 1.630 01APR70 9.385 4.689 7.336 5.262 8.534 1.727 01MAY70 9.408 4.551 7.334 5.211 8.585 1.612 01JUN70 9.347 4.408 7.368 5.261 8.615 1.514 01JUL70 9.431 4.601 7.483 5.469 8.759 1.601 01AUG70 9.369 4.590 7.537 5.477 8.848 1.827 01SEP70 9.344 4.637 7.453 5.536 8.904 1.551 01OCT70 9.288 4.706 7.560 5.610 9.056 1.703 01NOV70 9.188 4.694 7.595 5.607 9.155 1.679 01DEC70 9.104 4.605 7.647 5.613 9.290 1.614 01JAN71 8.932 4.536 7.839 5.586 9.149 1.663 01FEB71 8.901 4.474 8.028 5.463 9.164 1.608 01MAR71 8.820 4.558 8.302 5.452 9.220 1.541 01APR71 8.814 4.522 8.054 5.482 9.071 1.668 01MAY71 8.802 4.415 8.008 5.431 9.030 1.634 01JUN71 8.826 4.275 7.788 5.445 8.973 1.673 01JUL71 8.727 4.669 7.200 5.425 8.950 1.716 01AUG71 8.701 4.559 7.207 5.400 8.945 1.908 01SEP71 8.707 4.345 7.433 5.398 8.973 1.684 01OCT71 8.775 4.273 7.653 5.346 9.037 1.803 01NOV71 8.731 4.362 7.501 5.340 8.986 1.814 01DEC71 8.570 4.381 7.475 5.354 8.943 1.704 01JAN72 8.386 4.418 7.507 5.356 9.007 1.915 01FEB72 8.456 4.343 7.574 5.364 8.915 1.828 01MAR72 8.442 4.284 7.652 5.411 8.892 1.765 01APR72 8.474 4.284 7.751 5.521 8.861 1.754 01MAY72 8.551 4.352 7.862 5.566 8.822 1.771 01JUN72 8.653 4.499 7.894 5.628 8.783 1.786 01JUL72 8.700 4.638 7.991 5.636 8.849 1.771 01AUG72 8.853 4.547 8.100 5.660 8.883 2.164 01SEP72 8.960 4.510 8.102 5.674 8.948 1.807 01OCT72 9.002 4.477 8.061 5.647 8.901 1.783 01NOV72 9.207 4.490 7.947 5.631 8.908 1.768 01DEC72 9.376 4.549 7.849 5.633 8.995 1.677 01JAN73 9.695 4.527 7.665 5.630 9.101 1.596 01FEB73 9.952 4.616 7.545 5.668 9.132 1.627 01MAR73 10.321 4.809 7.428 5.702 9.212 1.682 01APR73 10.572 4.845 7.398 5.755 9.253 1.731 01MAY73 10.894 4.919 7.278 5.856 9.363 1.806 01JUN73 11.238 5.049 7.265 5.842 9.388 1.848 01JUL73 11.562 5.162 7.203 5.921 9.411 1.908 01AUG73 11.726 5.572 7.091 5.985 9.387 1.980 01SEP73 12.086 5.470 6.984 5.976 9.379 2.038 01OCT73 12.428 5.333 6.850 5.970 9.367 1.982 01NOV73 12.676 5.448 6.673 5.915 9.434 1.980 01DEC73 12.751 5.284 6.624 5.976 9.452 1.808 01JAN74 13.163 5.379 6.554 6.072 9.345 1.954 01FEB74 13.439 5.455 6.564 6.090 9.326 1.958 01MAR74 13.543 5.378 6.298 6.078 9.174 1.993 01APR74 13.784 5.314 6.041 6.060 9.212 2.001 01MAY74 13.986 5.483 5.939 5.963 9.138 1.988 01JUN74 13.946 5.138 5.833 5.979 9.101 1.664 01JUL74 14.106 5.051 5.830 5.934 9.203 1.714 01AUG74 14.203 5.071 5.807 5.955 9.310 1.642 01SEP74 14.205 5.126 5.930 5.958 9.445 1.632 01OCT74 14.164 5.102 6.101 6.032 9.426 1.676 01NOV74 14.415 5.107 6.122 6.139 9.844 1.708 01DEC74 14.232 4.957 6.483 6.078 9.992 1.766 01JAN75 14.166 5.114 6.828 6.218 9.868 1.751 01FEB75 14.057 5.011 7.171 6.230 9.959 1.822 01MAR75 13.983 4.867 7.255 6.005 10.071 1.841 01APR75 13.969 5.002 7.483 5.906 10.140 1.877 01MAY75 13.785 4.946 7.610 5.854 10.145 1.903 01JUN75 13.566 5.088 7.647 5.746 10.004 1.891 01JUL75 13.693 4.924 7.553 5.720 9.914 1.900 01AUG75 13.595 4.695 7.606 5.565 9.830 1.893 01SEP75 13.419 4.590 7.379 5.533 9.766 1.810 01OCT75 13.428 4.509 7.452 5.485 9.718 1.745 01NOV75 13.220 4.404 7.483 5.457 9.557 1.646 01DEC75 13.087 4.486 7.497 5.358 9.371 1.667 01JAN76 12.877 4.424 7.396 5.228 9.352 1.674 01FEB76 12.818 4.470 7.494 5.360 9.300 1.669 01MAR76 12.799 4.594 7.598 5.389 9.303 1.647 01APR76 12.775 4.578 7.682 5.512 9.238 1.713 01MAY76 12.787 4.689 7.655 5.526 9.244 1.686 01JUN76 12.807 4.726 7.641 5.654 9.302 1.735 01JUL76 12.766 4.655 7.905 5.715 9.335 1.829 01AUG76 12.732 4.798 8.072 5.771 9.394 1.796 01SEP76 12.865 4.875 8.108 5.906 9.430 1.919 01OCT76 12.936 5.025 8.155 5.963 9.585 2.090 01NOV76 13.016 4.959 8.077 5.953 9.334 2.145 01DEC76 13.099 5.354 8.105 6.043 9.642 2.178 01JAN77 13.201 5.274 8.077 5.963 9.645 2.134 01FEB77 13.262 5.463 8.020 6.109 9.621 2.187 01MAR77 13.261 5.421 7.950 6.255 9.639 2.127 01APR77 13.342 5.529 7.963 6.229 9.550 2.112 01MAY77 13.278 5.796 8.076 6.319 9.575 2.142 01JUN77 13.235 5.693 8.066 6.369 9.645 2.230 01JUL77 13.145 5.781 8.053 6.227 9.729 2.281 01AUG77 13.256 5.630 7.982 6.287 9.628 2.244 01SEP77 13.346 5.571 8.083 6.268 9.404 2.337 01OCT77 13.314 5.389 8.135 6.288 9.503 2.226 01NOV77 13.463 5.692 8.082 6.311 9.639 2.326 01DEC77 13.595 5.820 8.090 6.386 9.726 2.247 01JAN78 13.706 5.829 8.239 6.348 9.798 2.266 01FEB78 13.736 5.747 7.871 6.349 9.821 2.174 01MAR78 13.978 5.888 7.917 6.552 9.820 2.331 01APR78 13.976 5.817 7.892 6.599 9.920 2.210 01MAY78 14.110 5.799 8.043 6.730 9.966 2.216 01JUN78 14.335 5.982 8.082 6.850 9.916 2.179 01JUL78 14.325 6.047 8.005 6.847 9.954 2.019 01AUG78 14.442 6.198 7.989 6.857 9.985 2.127 01SEP78 14.627 5.950 7.996 6.879 9.891 2.076 01OCT78 14.571 6.200 7.983 6.798 10.115 2.138 01NOV78 14.863 6.182 8.159 6.790 10.088 2.227 01DEC78 15.108 6.181 7.956 6.723 10.365 2.208 01JAN79 15.147 6.134 7.983 6.971 10.469 2.526 01FEB79 15.248 6.181 7.926 6.837 10.691 2.796 01MAR79 15.396 6.231 7.677 6.587 10.800 2.622 01APR79 15.434 6.317 7.989 6.465 10.950 2.657 01MAY79 15.556 6.180 7.764 6.419 10.985 2.750 01JUN79 15.727 6.105 7.855 6.360 11.097 2.705 01JUL79 15.877 6.092 7.892 6.502 11.098 2.729 01AUG79 15.983 5.863 7.803 6.611 11.181 2.629 01SEP79 16.083 5.692 7.736 6.565 11.269 2.565 01OCT79 16.269 5.633 7.637 6.692 11.224 2.815 01NOV79 16.307 5.530 7.674 6.809 11.172 2.517 01DEC79 16.539 5.372 7.853 6.957 11.066 2.343 01JAN80 16.723 5.318 7.989 7.180 11.361 2.268 01FEB80 16.737 5.164 7.940 7.273 11.317 2.338 01MAR80 16.936 5.021 7.850 7.262 11.203 2.262 01APR80 17.131 5.133 7.853 7.493 11.586 2.341 01MAY80 17.187 4.750 7.778 7.459 11.922 2.287 01JUN80 17.114 4.719 7.656 7.389 11.805 2.254 01JUL80 17.154 4.590 7.653 7.343 11.896 2.208 01AUG80 17.177 4.558 7.584 7.147 11.773 2.332 01SEP80 17.128 4.953 7.558 7.094 11.816 2.102 01OCT80 16.834 4.759 7.648 7.046 11.815 2.029 01NOV80 17.028 4.491 7.685 7.053 11.834 1.998 01DEC80 17.099 4.523 7.772 7.025 11.831 2.060 01JAN81 17.306 4.453 7.683 7.023 11.763 1.975 01FEB81 17.282 4.393 7.802 7.063 11.913 1.944 01MAR81 17.171 4.256 7.972 7.157 12.011 1.957 01APR81 16.875 4.143 8.011 7.214 11.922 1.925 01MAY81 16.951 4.217 8.022 7.181 11.868 1.862 01JUN81 16.767 4.179 8.153 7.214 11.997 1.916 01JUL81 17.005 4.005 8.261 7.255 12.040 1.801 01AUG81 17.081 4.118 8.430 7.347 12.045 1.909 01SEP81 17.026 4.096 8.577 7.469 12.190 1.931 01OCT81 16.950 4.058 8.641 7.608 12.303 2.045 01NOV81 17.063 4.026 8.748 7.762 12.316 1.999 01DEC81 16.767 3.831 8.748 7.529 12.503 1.887 01JAN82 16.408 3.827 8.806 7.534 12.485 1.884 01FEB82 16.041 3.856 8.816 7.626 12.623 1.832 01MAR82 15.947 4.010 8.727 7.799 12.930 1.842 01APR82 16.050 3.882 8.492 7.715 13.136 1.891 01MAY82 15.815 3.901 8.383 7.732 13.332 1.847 01JUN82 15.748 3.934 8.343 7.776 13.167 1.853 01JUL82 15.626 3.868 8.468 7.851 13.302 1.907 01AUG82 15.339 3.807 8.393 7.855 13.292 1.908 01SEP82 15.200 3.789 8.330 7.872 13.292 1.885 01OCT82 15.164 3.648 8.280 7.848 13.266 1.876 01NOV82 14.890 3.701 8.147 7.710 12.911 1.782 01DEC82 14.564 3.506 8.004 7.467 12.792 1.894 01JAN83 14.458 3.700 7.918 7.377 12.389 1.859 01FEB83 14.556 3.702 7.892 7.212 12.134 1.924 01MAR83 14.310 3.717 7.732 7.070 12.111 1.907 01APR83 14.304 3.842 8.035 7.080 12.019 1.877 01MAY83 14.423 3.994 8.035 7.080 11.950 1.877 01JUN83 14.388 3.845 7.916 7.205 12.149 1.890 01JUL83 14.321 3.922 7.680 7.042 12.137 1.879 01AUG83 14.294 3.973 7.625 7.185 12.251 1.891 01SEP83 14.467 4.006 7.498 7.332 12.210 1.853 01OCT83 14.607 4.073 7.373 7.231 12.053 1.882 01NOV83 14.630 4.185 7.579 7.363 12.064 1.945 01DEC83 14.739 4.299 7.114 7.569 12.017 2.055 01JAN84 14.683 4.274 7.278 7.413 11.931 1.961 01FEB84 14.781 4.321 7.365 7.473 11.914 1.979 01MAR84 15.232 4.300 7.373 7.742 11.648 2.023 01APR84 15.667 4.241 7.382 7.902 11.810 2.051 01MAY84 15.897 4.287 7.503 8.054 11.818 2.112 01JUN84 16.267 4.257 7.467 8.147 12.035 2.188 01JUL84 16.236 4.422 7.451 8.396 12.047 2.216 01AUG84 16.713 4.380 7.491 8.442 12.384 2.208 01SEP84 16.555 4.292 7.578 8.526 12.486 2.299 01OCT84 17.020 4.277 7.489 8.745 12.949 2.276 01NOV84 17.288 4.232 7.387 8.757 13.136 2.276 01DEC84 17.251 4.297 7.567 8.880 12.932 2.289 01JAN85 17.357 4.172 7.453 8.971 13.093 2.327 01FEB85 17.452 4.107 7.232 8.980 13.049 2.376 01MAR85 17.223 4.072 7.289 8.978 13.064 2.284 01APR85 17.209 4.120 7.224 9.024 13.189 2.338 01MAY85 17.072 4.040 7.151 9.127 13.240 2.376 01JUN85 16.855 4.163 7.230 9.268 13.321 2.335 01JUL85 17.248 4.052 7.245 9.007 12.907 2.448 01AUG85 17.182 4.141 7.296 8.947 12.780 2.612 01SEP85 17.400 4.064 7.299 8.956 12.657 2.450 01OCT85 17.063 4.022 7.193 8.664 12.446 2.421 01NOV85 16.861 3.845 7.322 8.616 12.402 2.452 01DEC85 17.176 3.820 7.199 8.609 12.205 2.365 01JAN86 17.585 3.811 7.117 8.521 11.952 2.405 01FEB86 17.299 4.000 7.085 8.493 12.142 2.332 01MAR86 17.293 3.937 7.012 8.539 12.510 2.246 01APR86 17.227 3.940 7.012 8.692 12.064 2.300 01MAY86 16.951 4.047 6.980 8.712 12.450 2.319 01JUN86 16.884 3.936 6.987 8.847 12.000 2.283 01JUL86 16.651 3.863 6.845 9.017 12.205 2.294 01AUG86 16.715 3.724 6.575 8.984 11.811 2.345 01SEP86 16.426 3.575 6.331 8.983 12.080 2.232 01OCT86 16.482 3.716 6.201 8.902 12.128 2.172 01NOV86 16.419 3.659 6.157 8.927 12.234 2.386 01DEC86 16.234 3.779 6.343 8.853 11.946 2.315 01JAN87 16.031 3.700 6.224 7.561 12.001 2.218 01FEB87 16.251 3.570 5.919 7.623 11.980 2.286 01MAR87 16.359 3.660 6.000 7.831 11.895 2.350 01APR87 16.505 3.615 6.106 7.679 11.981 2.364 01MAY87 16.647 3.681 6.025 7.639 11.992 2.391 01JUN87 16.967 3.687 5.963 7.589 11.640 2.445 01JUL87 16.979 3.710 5.990 7.686 11.841 2.398 01AUG87 17.009 3.827 6.054 7.622 12.119 2.361 01SEP87 17.319 3.856 6.086 7.725 11.458 2.467 01OCT87 17.247 3.760 6.083 7.798 11.677 2.487 01NOV87 17.116 3.897 6.084 7.839 11.809 2.461 01DEC87 17.041 3.877 5.942 7.816 12.027 2.526 01JAN88 17.109 3.936 5.882 7.838 12.142 2.556 01FEB88 17.350 3.973 5.953 7.938 12.057 2.520 01MAR88 17.427 3.802 6.073 8.027 12.139 2.613 01APR88 17.328 3.881 5.946 8.017 12.317 2.529 01MAY88 17.618 3.831 5.940 8.130 12.291 2.530 01JUN88 17.735 3.886 5.787 8.231 12.424 2.601 01JUL88 17.651 3.867 5.880 8.308 12.564 2.529 01AUG88 17.757 3.885 5.951 8.389 12.670 2.546 01SEP88 17.933 3.644 6.007 8.452 12.694 2.590 01OCT88 17.722 4.003 6.127 8.522 12.725 2.528 01NOV88 18.211 4.012 6.062 8.769 12.714 2.642 01DEC88 18.278 4.026 6.149 8.884 13.088 2.756 01JAN89 18.435 3.966 6.233 8.935 13.176 3.032 01FEB89 18.443 3.914 6.301 8.990 13.038 2.978 01MAR89 18.630 3.906 6.194 8.939 12.956 2.763 01APR89 19.006 3.864 6.216 9.147 12.782 2.789 01MAY89 19.264 3.911 6.359 9.175 12.827 2.913 01JUN89 19.499 3.890 6.466 9.082 13.155 2.817 01JUL89 19.673 4.194 6.601 9.228 13.174 2.921 01AUG89 20.063 3.976 6.495 9.447 13.063 2.988 01SEP89 19.614 3.842 6.445 9.445 13.579 3.037 01OCT89 19.340 3.739 6.393 9.583 13.771 2.970 01NOV89 19.732 3.617 6.484 9.690 13.861 2.981 01DEC89 20.107 3.604 6.474 9.956 13.835 2.769 01JAN90 20.436 3.663 6.583 10.052 13.549 2.805 01FEB90 19.944 3.423 6.695 10.001 14.127 2.713 01MAR90 19.674 3.408 6.502 9.966 14.271 2.711 01APR90 19.733 3.578 6.538 9.911 14.346 2.758 01MAY90 19.635 3.702 6.560 9.940 14.371 2.860 01JUN90 19.147 3.549 6.603 10.013 14.529 2.730 01JUL90 19.352 3.841 6.590 9.999 14.249 2.838 01AUG90 19.343 3.656 6.619 10.109 14.227 2.829 01SEP90 19.576 3.773 6.679 10.086 14.033 2.792 01OCT90 19.420 3.471 6.686 10.063 14.024 2.832 01NOV90 19.373 3.503 6.738 10.092 14.046 2.940 01DEC90 19.228 3.747 6.727 9.923 13.890 2.838 01JAN91 19.211 3.691 6.650 9.855 13.868 2.877 01FEB91 19.472 3.619 6.575 9.844 14.108 2.939 01MAR91 19.346 3.565 6.577 9.735 14.051 2.849 01APR91 18.900 3.583 6.503 9.739 14.601 2.876 01MAY91 19.295 3.478 6.442 9.727 14.159 2.878 01JUN91 19.606 3.632 6.473 9.589 13.898 2.697 01JUL91 19.513 3.643 6.427 9.704 14.038 2.716 01AUG91 19.205 3.635 6.366 9.542 14.167 2.783 01SEP91 18.983 3.520 6.348 9.611 14.552 2.859 01OCT91 19.214 3.154 6.370 9.662 14.476 2.990 01NOV91 19.257 3.518 6.432 9.651 14.292 2.895 01DEC91 19.090 3.362 6.439 9.527 14.237 2.806 01JAN92 18.983 3.356 6.455 9.650 14.211 2.692 01FEB92 18.754 3.383 6.410 9.683 14.157 2.667 01MAR92 19.080 3.387 6.460 9.792 13.988 2.682 01APR92 19.179 3.317 6.411 9.801 14.036 2.617 01MAY92 19.190 3.352 6.361 9.837 14.160 2.625 01JUN92 18.940 3.537 6.279 9.981 14.158 2.482 01JUL92 18.953 3.190 6.392 10.031 14.512 2.618 01AUG92 19.222 3.084 6.510 9.966 14.293 2.874 01SEP92 19.294 3.316 6.558 9.945 14.071 2.837 01OCT92 19.477 3.171 6.497 9.728 14.081 2.866 01NOV92 19.473 3.196 6.399 9.659 14.508 2.859 01DEC92 19.121 3.175 6.334 9.588 14.314 2.621 01JAN93 19.157 2.948 6.284 9.580 13.961 2.743 01FEB93 19.203 3.063 6.388 9.666 13.842 2.738 01MAR93 19.076 3.043 6.280 9.690 13.937 2.709 01APR93 19.234 3.289 6.310 9.889 13.758 2.678 01MAY93 19.308 3.376 6.510 10.005 13.485 2.716 01JUN93 19.700 3.740 6.482 9.986 13.697 2.359 01JUL93 20.437 3.391 6.522 10.095 13.474 2.356 01AUG93 20.812 3.232 6.513 10.110 13.429 2.587 01SEP93 20.956 3.347 6.409 10.135 13.598 2.548 01OCT93 21.402 3.215 6.363 10.379 13.434 2.659 01NOV93 21.213 3.227 6.431 10.674 13.834 2.742 01DEC93 21.417 3.719 6.581 10.709 14.204 2.509 01JAN94 21.821 3.856 6.681 10.889 14.737 2.520 01FEB94 21.731 3.660 6.659 10.991 14.986 2.632 01MAR94 22.343 3.660 6.629 10.965 15.061 2.635 01APR94 22.083 3.491 6.613 11.244 15.187 2.679 01MAY94 21.804 3.606 6.558 11.280 15.339 2.739 01JUN94 22.620 3.714 6.524 11.307 14.636 2.688 01JUL94 22.236 3.676 6.504 11.551 15.060 2.748 01AUG94 22.288 3.405 6.468 12.000 15.040 2.800 01SEP94 22.114 3.333 6.465 12.161 15.065 2.884 01OCT94 21.929 3.321 6.519 12.353 15.550 2.815 01NOV94 21.828 3.386 6.573 12.627 15.488 2.844 01DEC94 21.483 3.495 6.648 12.663 15.827 2.904 ; DATA A;MERGE SALES INV1 INV2; FORMAT DATE YYMMP7.; ***INVENTORY-TO-SALES RATIO...MATERIALS AND SUPPLIES; RMSPM=IMSPM/SPM; RMSEM=IMSEM/SEM; RMSNEM=IMSNEM/SNEM; RMSMVAP=IMSMVAP/SMVAP; ***INVENTORY-TO-SALES RATIO...WORK IN PROCESS ; RWPPM=IWPPM/SPM; RWPEM=IWPEM/SEM; RWPNEM=IWPNEM/SNEM; RWPMVAP=IWPMVAP/SMVAP; ***INVENTORY-TO-SALES RATIO...FINISHED GOODS ; RFGPM=IFGPM/SPM; RFGEM=IFGEM/SEM; RFGNEM=IFGNEM/SNEM; RFGMVAP=IFGMVAP/SMVAP; PROC MEANS DATA=A; TITLE1 ' DESCRIPTIVE STATISTICS FOR '; TITLE2 'I/S RATIOS FOR MATERIALS AND SUPPLIES,'; TITLE3 'WORK IN PROCESS AND FINISHED GOODS'; TITLE4; *********************** ** DATA FOR TABLE #3 ** ********************************************** ** JARGDP=JAPAN REAL GROSS DOMESTIC PRODUCT ** ** SOURCE: OECD QUARTERLY NATIONAL ACCOUNTS** ** SEASONALLY ADJUSTED AT ANNUAL RATES ** ** BILLIONS OF 1985 YEN ** **********************************************; *************************************************************** ** SOURCE: THE BANK OF JAPAN...WASHINGTON D.C. ** *************************************************************** ** JPCIBI=INVENTORY GDP BASIS(CHANGE IN BUSINESS INVENTORY) ** ** REAL 1985 PRICES...BILLIONS OF YEN ** ***************************************************************; DATE JARGDP JPCIBI 1970.01 167677.8 4329.4 1970.02 169257.4 5344.7 1970.03 173978.7 4913.3 1970.04 173820.2 4386.3 1971.01 174544.2 3536.4 1971.02 177463.8 2640.6 1971.03 180381.5 2925.5 1971.04 182264.2 3647.7 1972.01 187374.7 3119.8 1972.02 191253.2 1920.6 1972.03 195112.0 2903.5 1972.04 200085.7 3188.7 1973.01 206602.0 3936.9 1973.02 208258.8 6454.0 1973.03 208454.4 2753.2 1973.04 210097.1 66.9 1974.01 204800.3 7371.6 1974.02 206283.4 5676.6 1974.03 208647.4 4161.7 1974.04 207356.9 883.6 1975.01 207200.7 -10.1 1975.02 212292.1 334.9 1975.03 214614.9 779.9 1975.04 217161.8 574.4 1976.01 219019.3 21.2 1976.02 220659.6 761.1 1976.03 223443.8 1474.2 1976.04 224127.5 1827.4 1977.01 229456.1 1701.9 1977.02 231249.7 1684.5 1977.03 232666.7 1185.0 1977.04 236181.8 1060.7 1978.01 239902.9 116.0 1978.02 241988.4 195.7 1978.03 245307.8 573.4 1978.04 248416.6 839.8 1979.01 252522.0 1821.3 1979.02 256907.8 1669.9 1979.03 259252.2 2248.2 1979.04 261231.2 2533.5 1980.01 264958.0 1863.8 1980.02 264505.0 1868.1 1980.03 266712.0 1948.2 1980.04 269960.0 1508.1 1981.01 274225.0 2641.6 1981.02 274699.0 1639.9 1981.03 277250.0 950.0 1981.04 278361.0 1627.0 1982.01 280980.0 2390.5 1982.02 284785.0 1976.2 1982.03 285639.0 1874.6 1982.04 288296.0 394.9 1983.01 289550.0 236.7 1983.02 290587.0 899.0 1983.03 294779.0 429.1 1983.04 295825.0 721.7 1984.01 300372.0 692.3 1984.02 304780.0 687.5 1984.03 306420.0 1444.2 1984.04 308877.0 229.1 1985.01 313649.0 2834.5 1985.02 319462.0 1795.4 1985.03 321297.0 1306.4 1985.04 326146.0 1151.1 1986.01 322827.0 2103.3 1986.02 327748.0 765.0 1986.03 329883.0 855.4 1986.04 334185.0 826.8 1987.01 335824.0 353.8 1987.02 337488.0 676.0 1987.03 343516.0 522.5 1987.04 350981.0 1517.0 1988.01 356817.0 2340.3 1988.02 359287.0 2839.7 1988.03 366514.0 3738.7 1988.04 371038.0 3775.9 1989.01 375802.0 2573.4 1989.02 375289.0 4736.6 1989.03 382915.0 3559.3 1989.04 387681.0 4128.0 1990.01 389183.0 2046.5 1990.02 397852.0 2873.9 1990.03 402572.0 2851.7 1990.04 406441.0 2295.0 1991.01 410697.0 3387.2 1991.02 414723.0 3865.4 1991.03 417767.0 4768.0 1991.04 420919.0 3832.9 1992.01 422374.0 4065.3 1992.02 421740.0 1049.3 1992.03 418989.0 929.5 1992.04 419466.0 994.9 1993.01 421183.0 451.0 1993.02 419638.0 1662.8 1993.03 420667.0 1089.5 1993.04 417277.0 1257.9 1994.01 420614.0 1012.5 1994.02 421314.0 1458.8 1994.03 425129.0 1197.0 1994.04 . 1084.7 *************************** ** DATA FOR FIGURE #1 ** ******************************************************************** * SOURCE: U.S. DEPARTMENT OF COMMERCE, BUREAU OF ECONOMIC ANALYSIS ******************************************************************** * VC=CHANGE IN BUSINESS INVENTORIES, QUARTERLY * SEASONALLY ADJUSTED * BILLIONS OF 1987 DOLLARS * DIFFERENCE (PERIOD-TO-PERIOD) * GDPC=GROSS DOMESTIC PRODUCT, QUARTERLY * SEASONALLY ADJUSTED * BILLIONS OF 1987 DOLLARS * DIFFERENCE (PERIOD-TO-PERIOD) ******************************************************************** DATE VC GDPC 48.Q1 9.7 14.5 48.Q2 14.2 11.7 48.Q3 17.2 8.1 48.Q4 13.5 12.6 49.Q1 -0.3 -11.1 49.Q2 -16.5 -3.3 49.Q3 -4.7 10.6 49.Q4 -14.8 -10.7 50.Q1 10.8 49 50.Q2 13.9 42.6 50.Q3 15.9 51.7 50.Q4 49.4 39.3 51.Q1 30.5 19.6 51.Q2 45.1 44.2 51.Q3 30.3 37.1 51.Q4 14.3 10.6 52.Q1 14.7 11.7 52.Q2 -5.9 4.4 52.Q3 14.5 9.8 52.Q4 14.9 35.9 53.Q1 11.6 29.5 53.Q2 10.7 8 53.Q3 5.7 -7.4 53.Q4 -7.8 -16.7 54.Q1 -5.2 -10.4 54.Q2 -9.3 -2.4 54.Q3 -6.6 19.3 54.Q4 -1.4 20.6 55.Q1 11.3 44.2 55.Q2 16.8 16.1 55.Q3 15.7 19.6 55.Q4 20.6 15.7 56.Q1 16.5 -6.9 56.Q2 12.9 11.5 56.Q3 10.2 3.7 56.Q4 8.9 24.4 57.Q1 4.9 9.8 57.Q2 5.3 -1.6 57.Q3 7.8 16.4 57.Q4 -9.6 -20.7 58.Q1 -13.3 -40.4 58.Q2 -11.8 14.3 58.Q3 3.1 36.5 58.Q4 12.8 40 59.Q1 15.5 24 59.Q2 24.4 32.6 59.Q3 0.5 -6.7 59.Q4 13.9 11.1 60.Q1 29.6 35 60.Q2 7.2 -5.2 60.Q3 11.6 2 60.Q4 -15.9 -12.6 61.Q1 -8.5 16.3 61.Q2 2.6 28.6 61.Q3 18.5 29.2 61.Q4 16.3 41.3 62.Q1 23.3 27.3 62.Q2 14.2 21.9 62.Q3 17.5 16.9 62.Q4 7.4 -2.4 63.Q1 21.3 30.7 63.Q2 14.9 28.6 63.Q3 16.7 38.1 63.Q4 11.2 16.9 64.Q1 16.9 56.6 64.Q2 15.4 18.8 64.Q3 13.9 27.5 64.Q4 16.4 6.6 65.Q1 34.0 46.1 65.Q2 23.4 32.7 65.Q3 24.6 42.7 65.Q4 18.6 58.3 66.Q1 36.1 53 66.Q2 32.1 4.6 66.Q3 32.9 24.7 66.Q4 45.7 14.4 67.Q1 34.3 16.7 67.Q2 17.8 11.8 67.Q3 31.6 30.5 67.Q4 26.8 15.6 68.Q1 20.0 37 68.Q2 36.0 44.8 68.Q3 26.5 19.9 68.Q4 12.1 4.9 69.Q1 28.9 42.9 69.Q2 23.7 3.2 69.Q3 28.2 16.7 69.Q4 18.5 -9.4 70.Q1 5.1 -7.3 70.Q2 8.4 -8.3 70.Q3 14.4 35.5 70.Q4 -4.0 -21.7 71.Q1 31.9 66.6 71.Q2 23.8 4.3 71.Q3 21.9 18.1 71.Q4 5.4 15 72.Q1 18.4 60 72.Q2 24.2 52.4 72.Q3 33.1 36.1 72.Q4 14.4 49.7 73.Q1 31.3 77.8 73.Q2 38.1 14.3 73.Q3 24.8 -3.3 73.Q4 56.7 24.8 74.Q1 31.9 -29.7 74.Q2 29.8 8.2 74.Q3 17.6 -28.5 74.Q4 44.4 -12.7 75.Q1 -28.0 -72.4 75.Q2 -30.6 36.4 75.Q3 -2.0 59.5 75.Q4 4.9 42.6 76.Q1 26.9 64.2 76.Q2 33.3 12.5 76.Q3 27.2 11.8 76.Q4 14.7 35.3 77.Q1 24.9 50.1 77.Q2 34.3 58.6 77.Q3 54.0 49.4 77.Q4 23.8 -7.2 78.Q1 36.0 24.6 78.Q2 36.9 115.2 78.Q3 35.3 28.6 78.Q4 40.6 44 79.Q1 21.7 1.2 79.Q2 29.7 3.5 79.Q3 5.0 23.2 79.Q4 -2.0 7.1 80.Q1 7.1 16.2 80.Q2 -3.6 -98.2 80.Q3 -37.2 0.9 80.Q4 0.8 75 81.Q1 32.6 52 81.Q2 15.8 -16.1 81.Q3 35.7 20.1 81.Q4 14.1 -61.4 82.Q1 -24.4 -47 82.Q2 -1.5 15 82.Q3 0.7 -16.7 82.Q4 -44.9 5.2 83.Q1 -33.5 23.9 83.Q2 9.9 103 83.Q3 12.1 57.9 83.Q4 29.3 67.7 84.Q1 79.9 77.4 84.Q2 71.0 54.5 84.Q3 73.0 22.4 84.Q4 47.9 27.8 85.Q1 14.8 27.6 85.Q2 23.7 33 85.Q3 19.8 54.2 85.Q4 30.2 24.5 86.Q1 48.1 57 86.Q2 18.2 -2.8 86.Q3 -12.0 24.9 86.Q4 -20.1 14.5 87.Q1 22.5 32.9 87.Q2 17.3 55.3 87.Q3 5.4 44 87.Q4 59.9 66.2 88.Q1 19.2 29.8 88.Q2 16.1 49.5 88.Q3 23.5 29.7 88.Q4 20.9 45.2 89.Q1 41.2 37.9 89.Q2 36.9 21.4 89.Q3 16.0 0 89.Q4 24.9 17.7 90.Q1 4.7 41.6 90.Q2 28.1 18.8 90.Q3 10.9 -10.6 90.Q4 -20.9 -39.3 91.Q1 -16.4 -25.2 91.Q2 -11.9 25.9 91.Q3 10.4 12 91.Q4 13.5 0.9 92.Q1 -6.3 37.7 92.Q2 4.2 29 92.Q3 5.2 43 92.Q4 6.6 70.2 93.Q1 18.5 14.6 93.Q2 18.9 30.1 93.Q3 13.0 34 93.Q4 10.8 78.6 94.Q1 25.4 43.1 94.Q2 59.2 53 94.Q3 57.1 52.9 94.Q4 49.4 66.8 95.Q1 51.1 36.3 *************************** ** DATA FOR FIGURE #2 ** *************************************************** * SOURCE: BUREAU OF ECONOMIC ANALYSIS * SURVEY OF CURRNET BUSINESS(YELLOW PAGES) * BUSINESS CYCLE INDICATORS *************************************************** * TSRTC=INVENTORY/SALES RATIO FOR TOTAL BUSINESS * BILLIONS OF 1987 DOLLARS *************************************************** DATE TSRTC 48.Q1 1.42 48.Q2 1.43 48.Q3 1.45 48.Q4 1.45 49.Q1 1.48 49.Q2 1.49 49.Q3 1.49 49.Q4 1.49 50.Q1 1.43 50.Q2 1.37 50.Q3 1.26 50.Q4 1.39 51.Q1 1.41 51.Q2 1.52 51.Q3 1.58 51.Q4 1.59 52.Q1 1.59 52.Q2 1.56 52.Q3 1.56 52.Q4 1.50 53.Q1 1.49 53.Q2 1.51 53.Q3 1.55 53.Q4 1.60 54.Q1 1.59 54.Q2 1.56 54.Q3 1.55 54.Q4 1.49 55.Q1 1.43 55.Q2 1.40 55.Q3 1.41 55.Q4 1.40 56.Q1 1.44 56.Q2 1.46 56.Q3 1.51 56.Q4 1.47 57.Q1 1.46 57.Q2 1.49 57.Q3 1.51 57.Q4 1.54 58.Q1 1.57 58.Q2 1.57 58.Q3 1.51 58.Q4 1.48 59.Q1 1.43 59.Q2 1.42 59.Q3 1.46 59.Q4 1.47 60.Q1 1.46 60.Q2 1.49 60.Q3 1.51 60.Q4 1.52 61.Q1 1.52 61.Q2 1.48 61.Q3 1.46 61.Q4 1.43 62.Q1 1.44 62.Q2 1.44 62.Q3 1.45 62.Q4 1.45 63.Q1 1.45 63.Q2 1.44 63.Q3 1.43 63.Q4 1.43 64.Q1 1.43 64.Q2 1.42 64.Q3 1.40 64.Q4 1.41 65.Q1 1.39 65.Q2 1.39 65.Q3 1.40 65.Q4 1.39 66.Q1 1.39 66.Q2 1.41 66.Q3 1.45 66.Q4 1.48 67.Q1 1.51 67.Q2 1.51 67.Q3 1.51 67.Q4 1.50 68.Q1 1.49 68.Q2 1.50 68.Q3 1.50 68.Q4 1.49 69.Q1 1.50 69.Q2 1.51 69.Q3 1.51 69.Q4 1.53 70.Q1 1.56 70.Q2 1.58 70.Q3 1.59 70.Q4 1.62 71.Q1 1.57 71.Q2 1.56 71.Q3 1.57 71.Q4 1.54 72.Q1 1.52 72.Q2 1.50 72.Q3 1.48 72.Q4 1.44 73.Q1 1.42 73.Q2 1.45 73.Q3 1.47 73.Q4 1.46 74.Q1 1.48 74.Q2 1.50 74.Q3 1.53 74.Q4 1.63 75.Q1 1.69 75.Q2 1.67 75.Q3 1.62 75.Q4 1.61 76.Q1 1.56 76.Q2 1.55 76.Q3 1.56 76.Q4 1.56 77.Q1 1.53 77.Q2 1.52 77.Q3 1.53 77.Q4 1.53 78.Q1 1.55 78.Q2 1.52 78.Q3 1.52 78.Q4 1.51 79.Q1 1.53 79.Q2 1.55 79.Q3 1.56 79.Q4 1.57 80.Q1 1.58 80.Q2 1.67 80.Q3 1.63 80.Q4 1.57 81.Q1 1.58 81.Q2 1.60 81.Q3 1.62 81.Q4 1.68 82.Q1 1.67 82.Q2 1.67 82.Q3 1.69 82.Q4 1.69 83.Q1 1.63 83.Q2 1.58 83.Q3 1.56 83.Q4 1.53 84.Q1 1.53 84.Q2 1.55 84.Q3 1.59 84.Q4 1.60 85.Q1 1.60 85.Q2 1.59 85.Q3 1.59 85.Q4 1.60 86.Q1 1.60 86.Q2 1.59 86.Q3 1.57 86.Q4 1.55 87.Q1 1.55 87.Q2 1.55 87.Q3 1.53 87.Q4 1.56 88.Q1 1.55 88.Q2 1.54 88.Q3 1.55 88.Q4 1.54 89.Q1 1.56 89.Q2 1.58 89.Q3 1.60 89.Q4 1.61 90.Q1 1.60 90.Q2 1.61 90.Q3 1.63 90.Q4 1.66 91.Q1 1.69 91.Q2 1.64 91.Q3 1.62 91.Q4 1.63 92.Q1 1.61 92.Q2 1.61 92.Q3 1.59 92.Q4 1.56 93.Q1 1.55 93.Q2 1.54 93.Q3 1.53 93.Q4 1.50 94.Q1 1.48 94.Q2 1.47 94.Q3 1.47 94.Q4 1.45 95.Q1 1.45 *************************** ** DATA FOR FIGURE #3 ** *************************** THIS A DRAWN OBJECT...NO DATA REQUIRED *************************** ** DATA FOR FIGURE #4 ** *************************************************** * SOURCE: BUREAU OF ECONOMIC ANALYSIS * ************************************************** * MANUFACTURING INVENTORIES BY STAGE OF FABRICATION * BILLIONS OF 1987 DOLLARS, SEASONALLY ADJUSTED * END OF MONTH * TFMC=FINISHED GOODS * TWMC=WORK IN PROCESS * TMMC=MATERIALS AND SUPPLIES * ************************************************** * MANUFACTURING SALES....TSMC * BILLIONS OF 1987 DOLLARS, SEASONALLY ADJUSTED * MONTHLY * ********************************************** * INVENTORY/SALES RATIO * FGR=TFMC/TSMC (FINISHED GOODS) * WIPR=TWMC/TSMC (WORK IN PROCESS) * MSR=TMMC/TSMC (MATERIALS AND SUPPLIES) * ********************************************** DATE TFMC TWMC TMMC TSMC FGR WIPR msr Q1.70 242.502 249.817 245.417 431.112 0.562503 0.579471 0.569265 Q2.70 246.924 249.834 242.923 426.059 0.579554 0.586384 0.570163 Q3.70 249.850 249.288 242.994 423.571 0.589866 0.588539 0.57368 Q4.70 252.559 244.613 244.642 408.285 0.618585 0.599123 0.599194 Q1.71 254.295 240.709 244.932 426.499 0.596238 0.564384 0.574285 Q2.71 253.711 237.023 248.961 433.009 0.585925 0.547386 0.574956 Q3.71 252.005 234.254 250.307 429.529 0.586701 0.545374 0.582748 Q4.71 253.708 233.122 247.205 439.015 0.577903 0.531011 0.56309 Q1.72 252.318 234.757 246.710 450.713 0.55982 0.520857 0.547377 Q2.72 254.890 234.371 246.046 462.073 0.551623 0.507216 0.532483 Q3.72 257.107 235.821 251.092 473.125 0.543423 0.498433 0.53071 Q4.72 254.448 241.254 253.571 495.526 0.513491 0.486864 0.511721 Q1.73 250.426 246.796 256.374 506.995 0.493942 0.486782 0.505674 Q2.73 251.903 250.769 261.597 502.445 0.501354 0.499097 0.520648 Q3.73 249.097 256.089 270.526 503.649 0.494585 0.508467 0.537132 Q4.73 247.109 261.728 279.947 511.334 0.483263 0.511853 0.547484 Q1.74 248.669 266.597 286.733 510.064 0.487525 0.522674 0.562151 Q2.74 250.128 269.426 296.802 508.774 0.491629 0.529559 0.583367 Q3.74 252.643 269.340 305.565 499.976 0.50531 0.538706 0.611159 Q4.74 260.034 269.339 312.303 480.932 0.540688 0.560036 0.64937 Q1.75 266.735 267.785 319.541 449.275 0.593701 0.596038 0.711237 Q2.75 265.637 269.265 310.923 449.563 0.590878 0.598948 0.691612 Q3.75 262.245 267.488 304.230 461.543 0.568192 0.579552 0.659159 Q4.75 262.430 266.228 303.909 463.525 0.566161 0.574355 0.655647 Q1.76 262.525 263.661 306.526 483.639 0.542812 0.545161 0.633791 Q2.76 266.677 264.973 309.446 495.066 0.53867 0.535228 0.62506 Q3.76 271.940 266.615 313.991 500.078 0.543795 0.533147 0.627884 Q4.76 276.679 270.885 318.841 505.487 0.547351 0.535889 0.63076 Q1.77 276.146 274.073 319.920 525.699 0.525293 0.52135 0.608561 Q2.77 277.183 272.049 326.310 533.379 0.519674 0.510048 0.611779 Q3.77 279.422 274.691 329.862 538.230 0.51915 0.51036 0.612864 Q4.77 283.134 278.845 328.395 544.812 0.519691 0.511819 0.602768 Q1.78 284.071 284.085 325.046 542.981 0.523169 0.523195 0.598632 Q2.78 284.807 290.054 327.370 560.109 0.508485 0.517853 0.584476 Q3.78 286.237 294.045 333.067 561.423 0.509842 0.523749 0.593255 Q4.78 287.212 299.070 336.561 573.443 0.500855 0.521534 0.586913 Q1.79 291.296 302.585 340.992 579.689 0.502504 0.521978 0.588233 Q2.79 291.889 308.108 342.381 569.441 0.512589 0.541071 0.601258 Q3.79 291.116 312.708 345.958 564.329 0.515862 0.554124 0.613043 Q4.79 289.390 319.059 348.821 557.308 0.519264 0.5725 0.625903 Q1.80 294.883 322.418 352.751 558.342 0.52814 0.577456 0.631783 Q2.80 299.306 323.853 355.186 518.378 0.577389 0.624743 0.685187 Q3.80 296.485 321.364 348.370 523.461 0.566394 0.613922 0.665513 Q4.80 292.872 318.294 345.093 546.917 0.535496 0.581979 0.630979 Q1.81 293.984 323.489 350.059 546.724 0.537719 0.591686 0.640285 Q2.81 298.719 322.217 347.960 547.641 0.545465 0.588373 0.63538 Q3.81 302.535 320.293 349.769 537.998 0.562335 0.595342 0.650131 Q4.81 308.540 318.740 349.108 515.527 0.598494 0.61828 0.677187 Q1.82 309.676 312.083 345.843 514.800 0.601546 0.606222 0.671801 Q2.82 307.230 309.810 343.051 517.395 0.593802 0.598788 0.663035 Q3.82 308.104 306.438 338.815 509.480 0.604742 0.601472 0.665021 Q4.82 304.531 302.287 333.575 490.920 0.620327 0.615756 0.67949 Q1.83 296.457 297.127 325.269 504.667 0.587431 0.588759 0.644522 Q2.83 295.237 296.066 324.844 521.912 0.565683 0.567272 0.622411 Q3.83 298.320 296.376 326.749 535.925 0.556645 0.553018 0.609692 Q4.83 299.282 300.150 331.563 558.867 0.535516 0.537069 0.593277 Q1.84 299.553 306.264 336.594 566.117 0.529136 0.540991 0.594566 Q2.84 307.757 321.018 343.537 568.742 0.541119 0.564435 0.60403 Q3.84 316.831 332.479 353.846 572.640 0.553281 0.580607 0.617921 Q4.84 321.547 340.559 355.999 577.986 0.556323 0.589217 0.61593 Q1.85 320.862 340.338 352.901 579.099 0.554071 0.587703 0.609397 Q2.85 321.829 339.665 351.454 580.189 0.554697 0.585439 0.605758 Q3.85 320.505 343.656 348.431 584.613 0.548234 0.587835 0.596003 Q4.85 319.481 341.294 347.244 586.700 0.544539 0.581718 0.59186 Q1.86 319.706 340.271 345.308 587.217 0.544443 0.579464 0.588042 Q2.86 325.537 341.579 347.481 592.811 0.549141 0.576202 0.586158 Q3.86 324.292 338.335 346.750 592.840 0.547014 0.570702 0.584896 Q4.86 322.464 335.518 344.542 598.041 0.5392 0.561028 0.576118 Q1.87 321.741 334.458 345.011 611.656 0.526016 0.546807 0.564061 Q2.87 320.260 335.861 348.122 612.994 0.522452 0.547903 0.567904 Q3.87 320.267 340.537 346.612 620.303 0.516307 0.548985 0.558779 Q4.87 322.140 346.388 347.890 630.514 0.510916 0.549374 0.551756 Q1.88 324.832 349.761 351.901 637.718 0.509366 0.548457 0.551813 Q2.88 326.412 352.823 356.326 648.241 0.503535 0.544278 0.549681 Q3.88 329.622 353.020 361.053 650.044 0.507076 0.543071 0.555429 Q4.88 334.830 358.652 363.366 660.115 0.50723 0.543317 0.550459 Q1.89 341.385 368.553 366.474 663.066 0.514858 0.555832 0.552696 Q2.89 345.787 379.412 368.208 656.848 0.526434 0.577625 0.560568 Q3.89 354.596 387.604 373.955 649.917 0.545602 0.59639 0.575389 Q4.89 355.514 390.864 375.250 647.635 0.548942 0.603525 0.579416 Q1.90 359.014 395.514 374.644 653.570 0.549312 0.605159 0.573227 Q2.90 362.398 395.032 375.355 658.931 0.549979 0.599504 0.569642 Q3.90 365.065 396.174 375.916 659.368 0.553659 0.600839 0.570116 Q4.90 362.969 393.268 376.931 645.047 0.562702 0.609673 0.584347 Q1.91 366.588 387.608 380.634 627.657 0.584058 0.617547 0.606436 Q2.91 366.335 384.947 377.042 645.234 0.567755 0.596601 0.584349 Q3.91 361.254 380.911 374.389 657.735 0.549239 0.579125 0.569209 Q4.91 364.884 374.695 374.054 656.170 0.556082 0.571033 0.570057 Q1.92 366.157 366.534 372.448 655.684 0.558435 0.55901 0.56803 Q2.92 366.866 356.265 371.814 664.769 0.55187 0.535923 0.559313 Q3.92 372.205 348.195 373.242 668.228 0.557003 0.521072 0.558555 Q4.92 370.690 343.015 371.420 682.282 0.543309 0.502747 0.544379 Q1.93 370.419 340.411 369.515 698.073 0.530631 0.487644 0.529336 Q2.93 371.857 338.983 370.774 699.555 0.531562 0.484569 0.530014 Q3.93 371.350 342.989 370.959 708.042 0.524475 0.484419 0.523922 Q4.93 369.362 343.756 369.809 736.222 0.501699 0.466919 0.502306 Q1.94 375.798 343.413 366.926 752.194 0.499602 0.456548 0.487808 Q2.94 375.583 341.997 369.640 759.950 0.494221 0.450026 0.4864 Q3.94 377.570 342.658 372.467 772.163 0.488977 0.443764 0.482368 *************************** ** DATA FOR FIGURE #5 ** *************************************************** * SOURCE: BUREAU OF ECONOMIC ANALYSIS * ************************************************** * MOTOR VEHICLES INVENTORIES BY STAGE OF FABRICATION * BILLIONS OF 1987 DOLLARS, SEASONALLY ADJUSTED * END OF MONTH * TWMMVC=WORK IN PROCESS * TFMMVC=FINISHED GOODS * TMMMVC=MATERIALS AND SUPPLIES **************************************************** * MOTOR VEHICLES SALES....TSMMVC * BILLIONS OF 1987 DOLLARS, SEASONALLY ADJUSTED * MONTHLY ************************************************ * INVENTORY/SALES RATIO * FGRMV=TFMC/TSMMVC (FINISHED GOODS) * WIPRMV=TWMC/TSMMVC (WORK IN PROCESS) * MSRMV=TMMC/TSMMVC (MATERIALS AND SUPPLIES) ************************************************ DATE TWMMVC TFMMVC TMMMVC TSMMVC WIPRMV FGRMV MSRMV Q1.69 14.601 5.824 15.710 36.456 0.40051 0.159754 0.43093 Q2.69 14.529 5.271 15.394 34.208 0.424725 0.154087 0.450012 Q3.69 15.173 5.307 16.242 37.384 0.405869 0.141959 0.434464 Q4.69 15.019 5.327 15.154 35.668 0.421078 0.14935 0.424863 Q1.70 14.509 5.394 15.595 30.647 0.473423 0.176004 0.508859 Q2.70 13.648 4.853 14.307 32.643 0.418099 0.148669 0.438287 Q3.70 13.828 4.979 15.018 29.778 0.46437 0.167204 0.504332 Q4.70 14.005 4.996 14.618 23.099 0.606303 0.216286 0.632841 Q1.71 13.568 4.812 14.890 35.166 0.385827 0.136837 0.42342 Q2.71 13.212 4.975 16.030 34.432 0.383713 0.144488 0.465555 Q3.71 13.573 5.308 16.868 38.722 0.350524 0.13708 0.435618 Q4.71 13.016 5.321 15.035 41.156 0.31626 0.129289 0.365317 Q1.72 13.045 5.508 15.448 37.693 0.346085 0.146128 0.409837 Q2.72 13.135 5.311 15.292 38.985 0.336924 0.136232 0.392253 Q3.72 13.695 5.742 16.413 38.318 0.357404 0.149851 0.428337 Q4.72 13.516 5.228 16.799 43.999 0.307189 0.118821 0.381804 Q1.73 13.952 4.905 15.878 47.748 0.292201 0.102727 0.332537 Q2.73 14.813 5.385 16.358 45.804 0.3234 0.117566 0.35713 Q3.73 16.204 5.926 17.002 45.186 0.358607 0.131147 0.376267 Q4.73 16.065 5.770 17.802 45.693 0.351586 0.126278 0.3896 Q1.74 16.212 5.905 17.374 38.933 0.416408 0.151671 0.446254 Q2.74 15.935 5.653 16.150 39.920 0.399173 0.141608 0.404559 Q3.74 15.248 4.988 16.941 41.306 0.369147 0.120757 0.410134 Q4.74 15.166 5.150 16.980 37.076 0.409052 0.138904 0.457978 Q1.75 14.992 5.414 16.310 31.790 0.471595 0.170305 0.513054 Q2.75 15.036 5.671 15.391 34.671 0.433677 0.163566 0.443916 Q3.75 14.209 5.603 15.322 36.995 0.384079 0.151453 0.414164 Q4.75 13.399 5.058 15.045 36.432 0.367781 0.138834 0.412961 Q1.76 13.488 4.990 15.569 42.146 0.32003 0.118398 0.369406 Q2.76 13.993 5.134 17.318 44.405 0.315122 0.115618 0.390001 Q3.76 14.328 5.544 17.686 45.073 0.317884 0.123 0.392386 Q4.76 15.338 6.413 18.416 46.371 0.330767 0.138298 0.397145 Q1.77 16.158 6.448 18.754 50.603 0.319309 0.127423 0.37061 Q2.77 17.018 6.484 18.773 50.642 0.336045 0.128036 0.3707 Q3.77 16.982 6.862 19.782 51.133 0.332114 0.134199 0.386873 Q4.77 16.901 6.799 20.494 51.240 0.32984 0.132689 0.399961 Q1.78 17.464 6.771 20.119 50.652 0.344784 0.133677 0.397201 Q2.78 17.598 6.605 20.125 53.715 0.327618 0.122964 0.374663 Q3.78 18.195 6.222 20.736 51.992 0.349958 0.119672 0.398831 Q4.78 18.563 6.573 20.835 56.846 0.326549 0.115628 0.366517 Q1.79 18.546 7.944 23.408 57.961 0.319974 0.137058 0.403858 Q2.79 18.602 8.112 23.435 51.035 0.364495 0.15895 0.459195 Q3.79 17.647 7.923 23.879 43.764 0.403231 0.181039 0.545631 Q4.79 16.535 7.675 23.263 42.721 0.387046 0.179654 0.544533 Q1.80 15.503 6.868 20.323 39.796 0.389562 0.17258 0.510679 Q2.80 14.602 6.882 19.343 30.931 0.472083 0.222495 0.62536 Q3.80 14.101 6.642 16.650 32.254 0.437186 0.205928 0.516215 Q4.80 13.773 6.087 16.556 37.704 0.365293 0.161442 0.439105 Q1.81 13.102 5.876 17.591 34.053 0.384753 0.172555 0.516577 Q2.81 12.539 5.703 17.095 37.726 0.33237 0.151169 0.453136 Q3.81 12.219 5.641 16.479 34.484 0.354338 0.163583 0.477874 Q4.81 11.915 5.931 15.254 31.340 0.380185 0.189247 0.486726 Q1.82 11.693 5.558 13.475 28.362 0.412277 0.195966 0.475108 Q2.82 11.717 5.591 12.667 33.794 0.346718 0.165444 0.37483 Q3.82 11.464 5.700 12.781 33.187 0.345436 0.171754 0.385121 Q4.82 10.855 5.552 12.351 28.670 0.378619 0.193652 0.430799 Q1.83 11.119 5.690 11.973 35.225 0.315656 0.161533 0.339901 Q2.83 11.681 5.644 12.598 38.173 0.306002 0.147853 0.330024 Q3.83 11.901 5.623 13.355 42.524 0.279865 0.132231 0.314058 Q4.83 12.557 5.882 14.412 46.930 0.267569 0.125336 0.307096 Q1.84 12.895 5.963 15.709 49.321 0.26145 0.120902 0.318505 Q2.84 12.785 6.351 15.951 46.893 0.272642 0.135436 0.340157 Q3.84 13.094 6.723 16.449 48.650 0.269147 0.138191 0.338109 Q4.84 12.806 6.841 17.202 50.991 0.251142 0.134161 0.337354 Q1.85 12.351 6.987 16.755 50.853 0.242877 0.137396 0.329479 Q2.85 12.323 7.049 16.837 49.523 0.248834 0.142338 0.339983 Q3.85 12.257 7.510 17.246 52.324 0.234252 0.143529 0.3296 Q4.85 11.687 7.238 17.270 51.240 0.228084 0.141257 0.337041 Q1.86 11.748 6.983 16.736 51.054 0.230109 0.136777 0.32781 Q2.86 11.923 6.902 16.397 50.703 0.235154 0.136126 0.323393 Q3.86 11.162 6.871 16.095 51.506 0.216713 0.133402 0.312488 Q4.86 11.154 6.873 15.875 49.861 0.223702 0.137843 0.318385 Q1.87 10.930 6.854 15.751 54.421 0.200842 0.125944 0.289429 Q2.87 10.983 7.200 15.774 50.861 0.215941 0.141562 0.310139 Q3.87 11.393 7.226 15.352 48.446 0.235169 0.149156 0.316889 Q4.87 11.534 7.474 15.733 52.135 0.221233 0.143359 0.301774 Q1.88 11.711 7.689 15.431 53.277 0.219813 0.144321 0.289637 Q2.88 11.598 7.660 15.353 54.666 0.212161 0.140124 0.280851 Q3.88 11.396 7.665 15.455 54.107 0.21062 0.141664 0.285638 Q4.88 12.041 7.926 14.947 58.842 0.204633 0.1347 0.254019 Q1.89 11.786 8.773 14.973 59.285 0.198802 0.14798 0.25256 Q2.89 11.665 8.519 14.785 55.435 0.210427 0.153675 0.266709 Q3.89 12.012 8.946 14.712 53.164 0.225942 0.168272 0.276729 Q4.89 10.960 8.720 14.091 53.860 0.203491 0.161901 0.261623 Q1.90 10.494 8.229 14.265 49.962 0.21004 0.164705 0.285517 Q2.90 10.829 8.348 14.412 55.803 0.194058 0.149598 0.258266 Q3.90 11.270 8.459 14.440 53.934 0.208959 0.15684 0.267735 Q4.90 10.721 8.610 14.603 46.269 0.23171 0.186086 0.315611 Q1.91 10.875 8.665 15.425 42.213 0.257622 0.205269 0.365409 Q2.91 10.693 8.451 14.866 48.426 0.220811 0.174514 0.306984 Q3.91 10.798 8.358 14.441 53.088 0.203398 0.157437 0.27202 Q4.91 10.034 8.691 14.681 50.063 0.200427 0.173601 0.293251 Q1.92 10.126 8.041 14.658 50.010 0.20248 0.160788 0.293101 Q2.92 10.206 7.724 15.278 53.000 0.192566 0.145736 0.288264 Q3.92 9.590 8.329 15.661 52.941 0.181145 0.157326 0.29582 Q4.92 9.542 8.346 15.034 57.986 0.164557 0.143931 0.259269 Q1.93 9.054 8.190 14.963 62.395 0.145108 0.131261 0.239811 Q2.93 10.405 7.753 14.458 61.302 0.169733 0.126472 0.235849 Q3.93 9.970 7.491 14.809 58.110 0.171571 0.128911 0.254844 Q4.93 10.161 7.910 14.281 68.447 0.148451 0.115564 0.208643 Q1.94 11.176 7.787 13.875 71.471 0.156371 0.108953 0.194135 Q2.94 10.811 8.106 14.586 69.771 0.15495 0.11618 0.209055 Q3.94 10.414 8.432 14.341 69.739 0.149328 0.120908 0.205638 *************************** ** DATA FOR FIGURE #6 ** *************************** ******************* * UNITED STATES ** ************************************************************** *SOURCE: BOARD OF GOVERNORS...EA_3015 AND EA_3010...NOMINAL * * $MIL ANNUAL RATE(NO) SEASONALLY ADJUSTED * * JANUARY 1970 TO DECEMBER 1994 * ************************************************************** *MFGS MANUFACTURING SHIPMENTS(SHV_E87YMF.M) * *MFGI MANUFACTURING INVENTORIES(KIVV_E87YMF.M) * ************************************************************** DATA NOM;INPUT DATE DATE7. MFGS MFGI @; DATALINES; 01JAN70 53296 98040 01FEB70 53142 98624 01MAR70 52725 99061 01APR70 52052 99999 01MAY70 52801 99908 01JUN70 53146 100098 01JUL70 53060 100683 01AUG70 52911 100843 01SEP70 52829 101032 01OCT70 51563 101452 01NOV70 50520 101942 01DEC70 52933 101599 01JAN71 53497 101820 01FEB71 54340 101822 01MAR71 54956 101904 01APR71 54978 102129 01MAY71 55460 102439 01JUN71 56273 102220 01JUL71 55368 102104 01AUG71 56054 102029 01SEP71 55798 102281 01OCT71 55855 102658 01NOV71 56875 102612 01DEC71 58047 102567 01JAN72 59136 102830 01FEB72 59456 103156 01MAR72 60219 103456 01APR72 61043 103825 01MAY72 61336 104403 01JUN72 61884 104929 01JUL72 61133 105354 01AUG72 63391 106513 01SEP72 64816 106927 01OCT72 65426 107379 01NOV72 67052 107856 01DEC72 68428 108121 01JAN73 69136 109060 01FEB73 70173 110201 01MAR73 70767 111647 01APR73 71039 112533 01MAY73 71679 113799 01JUN73 72379 115248 01JUL73 73317 116555 01AUG73 73062 117635 01SEP73 72676 119096 01OCT73 74507 120485 01NOV73 76513 122097 01DEC73 76227 124499 01JAN74 78434 126670 01FEB74 79176 129027 01MAR74 80146 131327 01APR74 81381 134152 01MAY74 83690 136734 01JUN74 84428 139419 01JUL74 86478 142980 01AUG74 87896 146018 01SEP74 88240 149198 01OCT74 89907 151443 01NOV74 88965 154108 01DEC74 84563 157625 01JAN75 84455 159542 01FEB75 83941 160258 01MAR75 81670 159937 01APR75 84379 159738 01MAY75 83386 159180 01JUN75 84804 158518 01JUL75 86400 158156 01AUG75 88271 157924 01SEP75 89154 158289 01OCT75 89674 158929 01NOV75 89493 159547 01DEC75 90316 159708 01JAN76 93097 160543 01FEB76 94286 161149 01MAR76 95559 162443 01APR76 96236 163302 01MAY76 97280 164513 01JUN76 98467 166564 01JUL76 98813 167909 01AUG76 100221 169085 01SEP76 100650 170926 01OCT76 99417 172877 01NOV76 102706 173995 01DEC76 105792 174636 01JAN77 106029 175773 01FEB77 108161 177203 01MAR77 111791 178130 01APR77 110639 179877 01MAY77 111490 181763 01JUN77 112660 182586 01JUL77 112446 183780 01AUG77 113827 184954 01SEP77 115072 186236 01OCT77 116507 187151 01NOV77 117089 188129 01DEC77 119562 188378 01JAN78 115573 190549 01FEB78 119213 191254 01MAR78 120334 191966 01APR78 126553 193367 01MAY78 125499 195340 01JUN78 127707 197738 01JUL78 126706 200102 01AUG78 129164 202650 01SEP78 129972 204743 01OCT78 132206 206865 01NOV78 133714 209453 01DEC78 135929 211691 01JAN79 136340 213045 01FEB79 136846 214872 01MAR79 142677 216397 01APR79 138536 219260 01MAY79 145032 221282 01JUN79 143430 224843 01JUL79 146539 227756 01AUG79 145165 231268 01SEP79 146324 234182 01OCT79 148511 237497 01NOV79 148156 239871 01DEC79 149623 242157 01JAN80 153446 244925 01FEB80 155892 246856 01MAR80 153203 250238 01APR80 150023 254517 01MAY80 146866 256740 01JUN80 146676 258009 01JUL80 149021 259536 01AUG80 150981 260058 01SEP80 157415 260959 01OCT80 162151 261231 01NOV80 163040 262771 01DEC80 164516 265215 01JAN81 166207 266701 01FEB81 167793 268152 01MAR81 168495 269863 01APR81 171043 271296 01MAY81 169748 273801 01JUN81 171481 274739 01JUL81 171138 276975 01AUG81 170208 278802 01SEP81 168101 282341 01OCT81 166613 284343 01NOV81 164268 285800 01DEC81 161756 283413 01JAN82 163782 322908 01FEB82 166614 322534 01MAR82 165101 321882 01APR82 164861 321269 01MAY82 166420 318691 01JUN82 165689 318315 01JUL82 165217 318612 01AUG82 162867 318036 01SEP82 163175 316670 01OCT82 159054 316293 01NOV82 158474 313988 01DEC82 158077 311852 01JAN83 162480 308029 01FEB83 161848 306623 01MAR83 163957 302939 01APR83 165838 303284 01MAY83 168481 304007 01JUN83 172816 304393 01JUL83 173048 305310 01AUG83 175328 307092 01SEP83 178423 308459 01OCT83 179465 309872 01NOV83 182776 311124 01DEC83 186880 312379 01JAN84 186803 311635 01FEB84 187411 314935 01MAR84 189314 318879 01APR84 189759 322212 01MAY84 189765 326510 01JUN84 190831 329869 01JUL84 192046 332780 01AUG84 192840 336523 01SEP84 189483 338623 01OCT84 192257 340331 01NOV84 193174 339892 01DEC84 194317 339516 01JAN85 192499 337930 01FEB85 192625 338390 01MAR85 195030 338117 01APR85 192891 338173 01MAY85 195426 337196 01JUN85 193377 338022 01JUL85 193682 336955 01AUG85 195437 336169 01SEP85 193476 335584 01OCT85 195058 334677 01NOV85 197597 334253 01DEC85 195249 334799 01JAN86 199181 331500 01FEB86 195083 330323 01MAR86 190364 329672 01APR86 195214 329208 01MAY86 192795 327891 01JUN86 194019 327306 01JUL86 192836 326623 01AUG86 192727 324812 01SEP86 194532 323660 01OCT86 194922 323157 01NOV86 193832 323322 01DEC86 199090 322669 01JAN87 197073 323377 01FEB87 203020 323506 01MAR87 203209 323880 01APR87 202758 324732 01MAY87 202456 325973 01JUN87 205261 326497 01JUL87 208369 327232 01AUG87 204116 329250 01SEP87 210277 330813 01OCT87 210876 332466 01NOV87 212203 335484 01DEC87 214344 338075 01JAN88 213842 339733 01FEB88 215507 342487 01MAR88 219679 344557 01APR88 220168 346323 01MAY88 221327 349365 01JUN88 225040 351852 01JUL88 223740 353466 01AUG88 225030 355338 01SEP88 226919 357741 01OCT88 226118 359409 01NOV88 228163 362347 01DEC88 235495 367422 01JAN89 236449 370848 01FEB89 233932 372818 01MAR89 232310 375729 01APR89 235377 378356 01MAY89 233855 380692 01JUN89 232263 383064 01JUL89 226243 386431 01AUG89 233976 386913 01SEP89 231575 386157 01OCT89 229461 386712 01NOV89 231796 388131 01DEC89 233031 386911 01JAN90 230073 390721 01FEB90 237115 391220 01MAR90 240190 390755 01APR90 235888 391952 01MAY90 239400 393462 01JUN90 239970 392503 01JUL90 238129 395306 01AUG90 245477 396038 01SEP90 242081 398735 01OCT90 246471 399649 01NOV90 240488 401173 01DEC90 234709 399068 01JAN91 234184 399187 01FEB91 232621 399209 01MAR91 226395 396838 01APR91 234000 396152 01MAY91 236025 392813 01JUN91 233943 391340 01JUL91 236523 389219 01AUG91 238000 387347 01SEP91 238699 388751 01OCT91 241352 387555 01NOV91 241340 387712 01DEC91 232756 386348 01JAN92 235239 384828 01FEB92 239081 383771 01MAR92 242011 383508 01APR92 242706 382502 01MAY92 241804 383404 01JUN92 246459 382908 01JUL92 246259 383369 01AUG92 241716 385186 01SEP92 246078 384013 01OCT92 245459 383095 01NOV92 248525 381055 01DEC92 256609 379238 01JAN93 252845 378624 01FEB93 256800 379232 01MAR93 258979 379539 01APR93 255114 380307 01MAY93 254007 381591 01JUN93 258299 381326 01JUL93 251680 381561 01AUG93 256556 381392 01SEP93 260088 380689 01OCT93 260471 380301 01NOV93 265574 380181 01DEC93 269722 377425 01JAN94 268330 378908 01FEB94 271815 380068 01MAR94 274497 379772 01APR94 274243 380645 01MAY94 276232 382382 01JUN94 278566 383106 01JUL94 275485 386645 01AUG94 288080 387012 01SEP94 286134 386531 01OCT94 283975 388063 01NOV94 291191 389988 01DEC94 296053 391810 ; DATA NOM;SET NOM; Y = YEAR(DATE); Q = QTR(DATE); DATEQ=ROUND(Y+(Q/10),.01); PROC SORT DATA=NOM;BY DATEQ; PROC SUMMARY DATA=NOM; VAR MFGS MFGI; BY DATEQ; OUTPUT OUT=NOMQ MEAN=; DATA NOMQ;SET NOMQ; USISRAT=(MFGI/MFGS); ********** * JAPAN ** *************************************************************** ** SOURCE: THE BANK OF JAPAN...WASHINGTON D.C. ** *************************************************************** ** MANUFACTURING ** ** SEASONALLY ADJUSTED...ANNUALIZED... ** ** INVENTORY(NOMINAL) MILLION OF YEN(END OF PERIOD...STOCK) ** ** SALES(NOMINAL) MILLION OF YEN(CUMULATIVE...FLOW) ** *************************************************************** DATA AQ3;INPUT DATE JPINV JPSALES @@; DATALINES; 1970.01 8096269 14504737 1970.02 8684006 15232182 1970.03 9234940 15852598 1970.04 9543184 15751340 1971.01 9850451 15943057 1971.02 9901797 15946947 1971.03 10005179 16537353 1971.04 10052533 16637862 1972.01 10118660 16995752 1972.02 10251819 17733834 1972.03 10257744 18533764 1972.04 10604792 19822369 1973.01 11124440 21469689 1973.02 11981684 23342778 1973.03 13055684 24709259 1973.04 14492758 27965674 1974.01 17372880 29913758 1974.02 19203049 30848704 1974.03 20896707 31180468 1974.04 21306523 31455471 1975.01 21607885 29293539 1975.02 22061428 30978783 1975.03 22291130 32710429 1975.04 22617326 33688426 1976.01 22694813 35189217 1976.02 22377209 36128919 1976.03 23142805 37593503 1976.04 23900116 38426382 1977.01 24085525 39295251 1977.02 24251154 40335826 1977.03 24212524 40634730 1977.04 24119742 41208678 1978.01 23605463 41192679 1978.02 22875878 41031540 1978.03 22485852 41418119 1978.04 22468388 42400647 1979.01 22862052 43640615 1979.02 23639876 46321271 1979.03 25102959 48543133 1979.04 26599424 51372726 1980.01 28558684 55059298 1980.02 31075544 57433084 1980.03 32628961 56588021 1980.04 32896960 57338832 1981.01 33717086 58010419 1981.02 34003229 59783618 1981.03 33890283 61807670 1981.04 34323664 63128304 1982.01 34882792 62491159 1982.02 34237894 59938439 1982.03 34937716 60868438 1982.04 35204963 61018289 1983.01 34543340 61050739 1983.02 34445043 62283761 1983.03 34254184 64315611 1983.04 34482661 65498928 1984.01 34795760 68060486 1984.02 35416615 69139884 1984.03 36324007 70539906 1984.04 36448015 71030978 1985.01 37541999 72222870 1985.02 37734434 74678339 1985.03 37696872 74261265 1985.04 37342558 74592657 1986.01 36507071 72095396 1986.02 35679412 69934491 1986.03 34204845 67990606 1986.04 33956836 67800476 1987.01 32990228 66770196 1987.02 33890602 71338473 1987.03 33923212 74609521 1987.04 34131156 76441202 1988.01 34709616 78154920 1988.02 34550014 78767842 1988.03 35550121 80074413 1988.04 35518107 82159818 1989.01 36201417 84835075 1989.02 36867811 83836241 1989.03 37383866 85640806 1989.04 38364749 87026340 1990.01 38919909 88609701 1990.02 39865376 91184684 1990.03 41118069 93016973 1990.04 41841064 95826736 1991.01 43019094 94753694 1991.02 44038862 97634662 1991.03 44598215 97583906 1991.04 45349325 96954217 1992.01 45066657 95662412 1992.02 44925871 92544935 1992.03 44795423 92530854 1992.04 44379992 91416214 1993.01 43675639 92022792 1993.02 44585228 89996273 1993.03 43536393 88493150 1993.04 43397958 87387648 1994.01 42555458 87863210 1994.02 41529788 90370452 1994.03 41398668 91273807 1994.04 41710141 92016498 ; DATA AQ3;SET AQ3; JPISRAT=(JPINV/JPSALES)*3; LABEL JPINV='JAPAN INVENTORIES' JPSALES='JAPAN SALES' JPISRAT='JAPAN INVENTORY-TO-SALES RATIO * 3';