Had accompanied earlier marked cuts in buying. Has been a rise in market prices of some industrial materials for which price reductions Generally remained stable at both wholesaleĪnd retail levels, in contrast to price decreases in earlier periods of contraction inĮconomic activity. Unemployment increased sharply in the winter from the postwar lows of 1953, but decreased in April by about the usual seasonalĬontinued close to last year's high, owing in Nonagricultural lines has been maintained. NOTE.-Latest figures shown are for April. FederalĬivilian and military employment has also Mid-1953, reflecting mainly reductions inĮmployment and hours of work in manufacturing, mining, and transportation. Personal income has declined 2 per cent since In April industrial production was 123 perĬent of the 1947-49 average, about 10 perĬent below the mid-1953 peak but somewhatĪbove the level prevailing for two years before the upsurge that began in 1952. Steady and output of building materials hasīeen maintained as construction activity has Nondurable goods production generally has held The further decline in over-all industrialĪctivity this year has reflected mainly continued curtailment in ordnance output andĭeclines in production of iron and steel and Goods, except new cars, have been reduced. With production generally below final takings since last autumn, Consumer takings of household durable goods have approximated the large volume of a year ago. Household durable goods has increased moderately from the reduced rates of late 1953.Īutomobile markets have become more active in recent months and auto sales haveīeen only moderately below last year's high Output of passenger automobiles and major Set in last summer, has slackened this year. The decline in industrial activity, which The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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