U.S. foreign trade

S-. I ; I ? I -


U.~. FUI~LI~t~ I flMLJL


A UNITED STATES
DEPARTMENT OF
COMMERCE
PUBUCATION






L n'10 A


iF -IT-UU/-Z-3
April 27, 1972


Seasonally Adjusted and Unadjusted Data


The Bureau of the Census, Department of Commerce,
announced today that during March 1972, seasonally
adjusted exports, excluding Department of Defense (DOD)
Military Assistance Program Grant-Aid shipments,
amounted to $3,890.7 million and that seasonally adjusted
general imports for March amounted to $4,475.0 mil-
lion.'2 Comparable seasonally adjusted totals for
February 1972 were $3,805.6 million for exports and
$4,403.2 million for imports.

The Bureau, part of the Department's Social and
Economic Statistics Administration (SESA), noted that
based on seasonally adjusted figures for March, a
merchandise trade deficit of $584.3 million was recorded.
The deficit for the first quarter of 1972 was a record
quarterly total of $1,500.7 million, which exceeded the
previous largest quarterly deficit (October-December
1971) by about $178 million.

The Bureau also noted that although seasonally
adjusted imports and exports during March were at
higher levels than in February, both figures were probably
affected by the resumption of activity at U.S. west coast
ports following the settlement of the dock strike on
February 20, 1972. The Bureau, however, does not have
adequate information to enable it to specifically measure
the influence of the strike on the statistics.

For the first 3 months of 1972, exports on a seasonally
adjusted basis were at an annual rate of $47,668 million
(about 9 percent above the calendar year 1971 total of
$43,555 million). Imports were at an annual rate of


$53,671 million (about 18 percent above the calendar
year 1971 total of $45,602 million). During the 4-month
period, December 1971-March 1972, seasonally adjusted
exports averaged $3,943.9 million per month, a level
about 12 percent above the $3,514.6 million average
reported for the preceding 4-month period August-
November 1971. Imports averaged $4,387.5 million per
month for the current 4-month period, about 16 percent
above the monthly average of $3,774.4 million reported
for the preceding 4-month period. (It should be noted
that the monthly averages quoted above are based on
data compiled during periods when export and import
operations at most U.S. east, west, and gulf coast ports
were being affected by dock strikes which were either
pending or actually in effect.)

Seasonally adjusted export and import totals for
selected Schedule A and B commodity sections and
divisions are shown in tables 4 and 5. (Unlike the overall
total, the commodity components for exports exclude
foreign merchandise and include DOD Military Assistance
Program Grant-Aid shipments.)

Exports unadjusted for seasonal change and excluding
Military Assistance Program Grant-Aid shipments, in-
creased from $3,780.0 million in February to $4,309.7
million in March. With Military Assistance Program
Grant-Aid shipments included, March exports were
valued at $4,349.2 million as compared to $3,818.4
million in February. Unadjusted general imports
amounted to $4,844.2 million in March and $4,177.3
million in February.


'Adjusted for seasonal and working-day variation, but not for price level. Factors used to adjust 1972 data represent
seasonal adjustment factors derived from monthly data for 1958-1970 and introduced in 1971 combined with the 1972 working-
day adjustment factors. Distortions in the 1971 monthly trade patterns caused by strikes at U.S. west, east, and gulf
coast ports led tc the decision to make the seasonal adjustment factors introduced in 1971 applicable to 1972 data.
2Cumulations of data over at least 3- or 4-month periods are desirable to identify underlying trends. Month-to-month
changes in exports, imports, and similar series often reflect primarily irregular movements. Recent month-to-month per-
cent changes in the overall seasonally adjusted export and import series are presented in the following table with aver-
age percent month-to-month rise and decline over longer periods shown for comparison. The average rise and decline fig-
ures exclude percentage changes for (1) the periods December 1968-March 1969 and July-December 1971 because of
abnormalities in the data due to effects of dock strikes and (2) periods when negligible changes (zero percent) in the
level of exports/imports occurred:
Month-to-month Average monthly rates of change

Series Feb.-Mar. Jan.-Feb. Dec. 1971- Nov.-Dec. Average Average 4 months 12 months
1972 1972 Jan. 1972 1971 rise decline Nov. 1971- Mar. 1971-
9c 1966-1971 1966-1971 Mar. 1972 Mar. 1972
(percent) (percent) (percent) (percent) (percent) (percent) (percent) (percent)

Exports.... +2.2 -9.8 +9.4 +22.1 +4.6 -3.7 +6.0 +1.7
Imports.... +1.6 -3.0 +9.9 +22.0 +3.5 -2.8 +7.6 +2.3



Inquiries concerning these figures should be addressed to the Chief, Foreign Trade Division, Bureau of the
Census, Washington, D.C. 20233. Tel: Area Code 301, 440-1431.

For sale by the Bureau of the Census, Washington, D.C. 20233. Price 10 cents per copy. Annual subscription
(FT 900,975,985, and 986 combined) $3.00.


PORT AND IMPORT


MERCHANDISE


MARCH 1972


(l


II C Ef~DrIf'al TflA r~r









EXPLANATION OF STATISTICS '


Import Statistics

General imports are a combination of entries for
immediate consumption and entries into bonded ware-
houses. Imports for consumption are a combination of
entries for immediate consumption and withdrawals
from warehouses for consumption.

The dollar value shown in the import statistics is
defined generally as the market value in the foreign
country and therefore excludes U.S. import duties,
freight charges from the foreign country to the United
States, and insurance. Value information is required
to be reported on import entries in accordance with
Sections 402 and 402a of the Tariff Act of 1930, as
amended. None of the values have been adjusted for
changes in price level.

It is the objective of the compiling procedures to
include shipments, insofar as practicable, in the statistics
for the month of import, which is based on the filing date
of the import entry or warehouse withdrawal document.
However, because of processing problems, there has
always been a carryover of a small percentage of items
from the actual month of importation to a subsequent
month, usually the succeeding month. The carryover
should have little effect on month-to-month comparisons
of overall totals, since the carryover of the previous
month should compensate roughly for that of the following
month.

Export Statistics

Exports of domestic merchandise include commodities
which are grown, produced, or manufactured in the United
States, and commodities of foreign origin which have been
changed in the United States from the form in which they
were imported, or which have been enhanced in value by
further manufacture in the United States. Exports of
foreign merchandise include commodities of foreign
origin which have entered the United States as imports
and which, at the time of exportation, are in substantially
the same condition as when imported.

The dollar value shown in the export statistics is
defined generally as the f.a.s. value at the U.S. port of
exportation. These values have not been adjusted for
changes in price level.

In general, compiling procedures provide for the
inclusion of shipments in the statistics for the month of



IFor shipments by vessel, merchandise is not included
in the statistics prior to the date of formal entrance of
the vessel (i.e., the date of the inward customs manifest
for the vessel).


expert? However, as indicated above for imports,
because of processing problems there has always been
a carryover of a small percentage of shipments from
their actual month of shipment to a subsequent month,
usually the following month. The statement above
regarding the effect of the import carryover generally
applies to exports also.
Reisions to the Statistics
Revisions are carried into the statistics on a periodic
basis. Data for 1971 and 1972 appearing in the 1972
monthly issues of this report are presented as follows:

1972 Statistics
a. January through November 1972 issues: figures
are as originally issued, except as noted below.
b. December 1972 issue: figures reflect revisions
for prior months of the year issued with December
1972 statistics.
1971 Statistics

a. January through May 1972 issues: figures reflect
revisions issued with December 1971 statistics or
earlier.
b. June through December1972 issues: figures reflect
revisions to 1971 data issued with June 1972
statistics.
In addition to the revisions which are made on a
periodic basis, instances may occur where a significant
error in the statistics for a month of the current year
is discovered after the statistics for that month are
compiled. If the error is of sufficient importance to
require correction prior to the time that the regular
revisions are carried, the correction is made and so
noted in this report.
Sources of Further Information

Additional information regarding foreign trade sta-
tistics coverage, valuation, etc., is contained in the follow-
ing publications: Report FT 990, Highlights of U.S. Export
and Import Trade; FT 135, U.S. Imports, General and
Consumption, Schedule A Commodity by Country; FT 410,
U.S. Exports, Schedule B Commodity by Country; and
the Guide to Foreign Trade Statistics. Information re-
garding additional sources of statistics, the methodology
used in seasonally adjusting the data, and other matters
relating to foreign trade statistics may be obtained from
the Bureau of the Census, Washington, D.C. 20233.

2With minor exceptions, the date of export for ship-
ments other than by mail is the date when the shipment
leaves the United States, or, in the case of vessel or
air shipments, the date when the carrier departs (or is
cleared) from the port of export. For mail shipments, the
date of export is considered to be the date of mailing.













U.S. Exports, General Imports, and Merchandise Trade Balance, Adjusted for Seasonal and Working-Day

Variation: January 1967 to March 1972

(In millions of dollars. Data are not adjusted for unusual changes in the level of activity or coverage such as happens during strikes and other events
that may have adverse effects on the statistics)


1967 1968 1969 1970 1971 1972


1 Represents exports of domestic and foreign merchandise excluding Department of Defense Military Assistance Program Grant-Aid shipments.
2 Defined as exports (see footnote 1, above) minus general imports.



Table 1. U.S. Exports, General Imports, and Merchandise Trade Balance, Adjusted for Seasonal and Working-Day Variation,
by Month: January 1971 to March 1972

(In millions of dollars)
Period and January- January February March April May June July August Septem October November December


1971'

Exports2......... 11,238.8 3,733.3 3,690.9 3,814.6 3,521.3 3,782.6 3,660.7 3,492.7 3,678.0 4,510.6 2,709.9 3,159.7 3,858.6
Imports.......... 10,798.4 3,683.4 3,550.1 3,564.9 3,753.6 3,983.2 4,018.6 3,789.7 3,934.3 4,245.2 3,531.3 3,386.9 4,132.3
Merchandise trade
balance ......... +440.4 +49.9 +140.8 +249.7 -232.3 -200.6 -357.9 -297.0 -256.3 +265.4 -821.4 -227.2 -273.7

19722

Exports2 ...... 11,917.1 4,220.8 3,805.6 3,890.7
Imports........ 13,417.8 4,539.6 4,403.2 4,475.0
Merchandise trade
balance .......... -1,500.7 -318,8 -597.6 -584.3

1Data for 1971 and 1972 reflect seasonal adjustment factors introduced in January 1971. See footnote 1 on front page.
2Represents exports of domestic and foreign merchandise excluding Department of Defense Military Assistance Program Grant-Aid shipments.
'Defined as exports (see footnote 2, above) minus general imports.













Table 2. U.S. Exports of Merchandise Showing Department of Defense (DOD) Military Assistance Program
Grant-Aid Shipments, by Month: January 1971 to March 1972
(In millions of dollars. Unadjusted totals represent sum of unrounded figures and hence may vary slightly from sum of rounded amounts)

Exports excluding DOD Exports including DOD Grant-Aid
Grant-Aid DOD Grant-Aid Grant-Aida
Period Domestic Domestic Domestic
and and Domestic, and Domestic, Total Western Other
sorea gnl foreign, unadjusted foreign, unadjusted Europe countries
seasonalltedy unadjusted unadjusted
adj used


1971

January-December.......................... (') 43,555.3 42,915.9 44,136.6 43,497.2 581.3 272.4 308.9

January-March............................ 11,238.8 11,115.8 10,961.6 11,245.7 11,091.5 129.9 59.3 70.6

January.................................. 3,733.3 3,479.8 3,431.6 3,530.3 3,482.1 50.5 22.6 27.9
February............................ 3,690.9 3,528.1 3,471.5 3,559.4 3,502.8 31.3 13.2 18.0
March...................................... 3,814.6 4,107.9 4,058.5 4,156.0 4,106.6 48.1 23.4 24.7
April ................................... 3,521.3 3,805.5 3,741.6 3,849.5 3,785.6 44.0 17.0 27.0
May...................................... 3,782.6 3,913.5 3,854.3 3,970.4 3,911.2 56.9 42.7 14.2
June ................................. 3,660.7 3,685.6 3,624.7 3,740.1 3,679.2 54.5 28.3 26.2

July.................................... 3,492.7 3,338.3 3,292.9 3,395.9 3,350.6 57.7 24.5 33.1
August.................................. 3,678.0 3,366.5 3,319.4 3,424.1 3,377.0 57.6 28.1 29.5
September............................... 4,510.6 4,225.1 4,169.7 4,264.9 4,209.5 39.8 17.4 22.3
October.................................. 2,709.9 2,827.8 2,775.6 2,893.2 2,841.0 65.4 32.5 32.8
November................................. 3,159.7 3,220.7 3,176.4 3,263.9 3,219.5 43.2 16.3 26.8
December................................. 3,858.6 4,056.5 3,999.6 4,088.9 4,032.1 32.5 6.1 26.3

1972

January-March ............................ 11,917.1 11,904.5 11,738.6 12,040.2 11,874.4 135.8 66.9 68.9

January.................................. 4,220.8 3,814.8 3,765.9 3,872.6 3,823.8 57.9 37.9 20.0
February................................. 3,805.6 3,780.0 3,722.7 3,818.4 3,761.1 38.4 15.0 23.4
March ................................... 3,890.7 4,309.7 4,250.0 4,349.2 4,289.5 39.5 14.0 25.5
April ........................... ....
May ................................ .
June............................ ........

July.... ... ....
August.................... ......... .
September ....................... ........
October ..........................
November................ ....... ........
December........................ ........


'Adjusted for seasonal and working-day variation using seasonal adjustment factors introduced in January 1971. See footnote 1 on front page.
2Data differ from those released in Department of Defense reports because of a difference in statistical definitions. For a further explana-
tion, see footnote 2, table E-1, Report FT 990, Highlights of U.S. Exports and Imports.
3Annual total is not shown for seasonally adjusted data. Unadjusted data should be used for annual totals.





Table 3. U.S. Imports of Merchandise, by Month: January 1971 to March 1972

(In millions of dollars. Unadjusted totals represent sun of unrounded figures and hence may vary slightly from sum of rounded amounts)

1971 1972


period General imports Imports General imports Imports
for for
Seasonally consumption, Seasonally consumption,
adjusted unadjusted adjusted'sted unadjusted


January-December...... ........................... () 45,602.1 45,545.9

January-March............................. 10,798.4 10,516.8 10,488.4 13,417.8 13,301.3 13,259.3

January.... ............................. 3,683.4 3,419.3 3,430.8 4,539.6 4,279.9 4,259.7
February.................................. 3,550.1 3,190.8 3,178.6 4,403.2 4,177.3 4,157.6
March.... .............................. 3,564.9 3,906.8 3,879.0 4,475.0 4,844.2 4,842.0
April.... .............................. 3,753.6 3,893.2 3,857.3
May.... ................................. 3,983.2 3,840.6 3,844.3
June...................................... 4,018.6 4,278.2 4,247.4

July.... ................................ 3,789.7 3,690.4 3,671.6
August.................................... 3,934.3 3,844.2 3,810.3
September................................. 4,245.2 4,253.7 4,420.0
October................................ 3,531.3 3,471.6 3,516.6
November.... ............................ 3,386.9 3,530.5 3,520.0
December........................... .... 4,132.3 4,282.7 4,169.8


'Adjusted for seasonal and working-day variation using seasonal adjustment factors introduced in January 1971. See footnote I on front page.
2Annual total is not shown for seasonally adjusted data. Unadjusted data should be used for annual totals.










5

Table 4. U.S. Exports of Domestic Merchandise Including Department of Defense (DOD) Military Assistance Program

Grant-Aid Shipments--Schedule B Sections and Selected Divisions, Seasonally Adjusted and Unadjusted, by Month:
January 1971 to March 1972

(In millions of dollars. Unadjusted totals represent sum of unrounded figures and hence may vary slightly from sum of rounded amounts)


Schedule B sections and selected divisions'
Period
0 1 2 3 4 5 6 72 71 72 73 8 9

Seasonally adjusted3


1971

January-March........... 1,138.7 230.5 1,159.7 437.2 '159.7 934.3 1,133.5 5,024.5 2,209.8 759.3 2,028.5 668.5 '368.9

January................. 389.6 87.6 387.9 146.8 '51.7 303.7 397.2 1,650.8 788.7 264.1 531.9 218.4 4137.9
February............... 370.5 63.4 370.4 148.1 u51.5 312.8 365.5 1,631.1 694.6 253.9 710.0 222.9 '113.8
March................... 378.6 79.5 401.4 142.3 '56.5 317.8 370.8 1,742.6 726.5 241.3 786.6 227.2 '117.3
April.................. 332.7 73.6 365.8 135.1 '54.2 293.9 357.6 1,519.3 663.4 236.6 606.2 214.1 '156.6
May................... 374.7 69.3 350.4 142.2 '49.2 320.2 357.6 1,710.0 684.5 256.0 823.2 230.4 4146.5
June.................... 341.4 63.2 357.6 120.7 449.3 341.1 375.8 1,597.9 699.0 238.3 654.8 235.5 '135.3
July................... 329.2 71.8 326.1 103.0 462.7 358.4 372.6 1,504.3 662.7 254.8 586.9 227.0 4134.9
August................. 328.2 80.2 347.7 158.1 '45.4 386.1 375.5 1,582.3 682.1 255.0 649.7 238.5 '125.3
September.............. 468.9 98.7 433.3 139.6 '58.1 451.3 454.4 1,937.5 887.0 305.4 763.7 261.1 4122.0
October ................ 263.5 8.0 249.6 81.6 440.6 210.3 260.5 1,395.4 589.8 226.9 567.9 182.8 4124.7
November............... 347.8 8.3 328.4 60.7 437.0 234.1 324.3 1,527.2 672.6 244.7 601.1 214.3 '107.1
December............. 447.3 54.2 417.8 128.0 458.9 305.7 401.7 1,659.1 773.0 293.8 600.5 262.2 113.8

1972

January-March.......... 1,131.4 403.9 1,199.8 421.1 4130.3 1,051.7 1,166.3 5,311.7 2,376.1 894.6 2,003.5 765.5 4402.2

January................ 399.4 201.5 414.7 147.8 452.4 378.3 392.3 1,902.8 870.6 316.9 636.4 258.7 4150.8
February................ 374.5 145.3 369.7 128.1 439.7 358.2 386.5 1,621.2 750.2 290.9 609.0 253.9 4117.4
March.................. 357.5 57.1 415.4 145.2 438.2 315.2 387.5 1,787.7 755.3 286.8 758.1 252.9 4133.9
April .. .........
May.. .........
June ..............
July ... ..........
August ........ ........
September... ........
October.. ........
November................
December................


Unadjusted


1971

January-December....... 4,365.0 709.6 4,326.2 1,497.4 615.0 3,837.4 4,413.0 19,464.8 8,501.1 3,068.0 7,895.7 2,733.6 1,535.2

January-March.......... 1,124.8 170.6 1,157.9 371.0 159.7 910.9 1,134.1 5,024.4 2,181.0 751.2 2,092.3 669.0 368.9

January................ 381.8 56.6 383.7 119.5 51.7 279.7 372.9 1,489.0 702.0 254.6 532.4 209.4 137.9
February............... 355.3 47.0 364.5 121.4 51.5 295.6 356.7 1,585.4 668.2 232.1 685.2 211.5 113.8
March ................. 387.7 67.0 409.8 130.1 56.5 335.6 404.5 1,950.0 810.8 264.5 874.7 248.1 117.3
April.................. 343.0 57.9 381.9 141.4 54.2 323.9 388.7 1,706.2 757.6 255.1 693.5 231.8 156.6
May .................... 358.6 64.3 353.2 147.7 49.2 338.8 380.9 1,840.0 729.7 264.9 845.4 232.1 146.5
June................... 334.9 60.0 361.5 133.5 49.3 347.9 390.5 1,633.0 712.3 246.9 673.8 233.4 135.3
July................... 323.6 61.4 298.4 107.1 62.7 368.4 352.9 1,420.1 664.0 244.3 511.8 221.1 134.9
August................. 308.9 74.4 302.5 167.3 45.4 385.4 352.2 1,382.9 623.4 238.4 521.1 232.8 125.3
September.............. 444.9 122.7 369.2 158.2 58.1 424.7 436.3 1,815.5 808.9 291.7 714.8 258.0 122.0
October................ 284.1 10.1 266.5 87.1 40.6 205.3 253.0 1,384.2 588.0 234.6 561.6 185.4 124.7
November............... 381.9 12.0 371.7 62.1 37.0 223.1 315.2 1,498.2 653.1 240.3 604.7 211.3 107.1
December............... 460.3 76.2 463.3 122.1 58.9 309.1 409.3 1,760.3 783.1 300.5 676.7 258.7 113.8

1972

January-March.......... 1,128.8 287.7 1,212.1 362.2 130.3 1,031.9 1,184.1 5,360.0 2,368.6 895.9 2,095.4 775.1 402.2

January................ 379.4 126.2 397.7 116.6 52.4 337.8 357.4 1,664.9 751.3 296.3 617.3 240.6 150.8
February............... 373.0 112.0 378.2 109.1 39.7 351.8 391.9 1,637.4 750.2 276.4 610.8 250.6 117.4
March.................. 376.4 49.5 436.2 136.5 38.2 342.3 434.8 2,057.6 867.1 323.2 867.3 284.0 133.9
April......... ........
May............ .........
June ....................
July....... .........
August.......... ........
September.... ........
October. ...............
November... ........
December..... ........


'Schedule B section and selected division descriptions are as follows:
0. Food and live animals 7. Machinery and transport equipment
1. Beverages and tobacco 71. Machinery, other than electric
2. Crude materials, inedible, except fuels 72. Electrical machinery, apparatus, and appliances
3. Mineral fuels, lubricants, and related materials 73. Transport equipment
4. Animal and vegetable oils and fats 8. Miscellaneous manufactured articles, n.e.c.
5. Chemicals 9. Commodities and transactions not classified according to kind
6. Manufactured goods classified chiefly by material
'Seasonally adjusted figures for section 7 may differ slightly from the sum of divisions 71,72, and 73 since each is independently adjusted.
3Adjusted for seasonal and working-day variation using seasonal adjustment factors introduced in January 1971. See footnote 1 on front page.
Annual totals are not shown for seasonally adjusted data. Unadjusted data should be used for annual totals. The adjusted section totals in
this table and similar overall monthly totals in tables 1 and 2 were adjusted independently.
'In the absence of demonstrable seasonal patterns for this section, no seasonal adjustment factors have been applied to date.













Table 5. U.S. General Imports-Schedule A Sections, Seasonally Adjusted and Unadjusted by Month:

January 1971 to March 1972
(In millions of dollars. Unadjusted totals represent sum of unrounded figures and hence may vary slightly from sum of rounded amounts)

Schedule A sections1
Period 1111
0 1 2 3 4 5 6 7 8 9

Seasonally adjusted2

1971

January-March........... 1,341.4 186.8 790.3 776.7 '43.5 394.0 2,292.5 3,316.0 1,326.7 '349.2

January................ 520.6 63.6 253.0 252.5 '11.9 135.5 808.1 1,102.1 447.1 '117.6
February............... 411.6 60.3 241.9 253.3 '15.5 134.5 746.5 1,114.5 445.7 '109.4
March................. 409.2 62.9 295.4 270.9 '16.1 124.0 737.9 1,099.4 433.9 '122.1
April.................. 485.6 65.8 283.0 273.4 '17.6 132.1 760.8 1,128.4 460.9 '125.1
May.................... 477.1 82.4 293.1 329.6 '15.8 148.6 830.4 1,154.6 462.6 '127.3
June................... 482.9 99.8 318.0 309.8 '13.9 145.7 884.1 1,203.0 476.1 '124.1
July................... 493.0 101.5 323.6 322.5 '12.0 154.9 799.7 1,076.2 414.6 '132.6
August................. 537.5 117.4 278.6 323.6 '11.0 146.3 829.1 1,237.0 419.3 '120.5
September ............. 612.5 113.5 306.5 350.7 '17.6 179.5 865.0 1,279.9 442.1 '112.6
October................. 299.2 53.7 252.5 333.5 '13.5 118.0 723.9 1,175.0 431.1 '127.1
November ............. 299.8 41.2 245.6 360.9 '12.1 88.7 676.4 1,148.6 417.3 '116.9
December............... 506.0 51.8 281.2 348.6 '14.8 112.5 881.4 1,188.7 540.0 '140.3

1972

January-March........... 1,584.0 243.6 925.7 1,093.4 '51.3 491.0 2,728.5 4,196.4 1,739.1 '376.3

January......... ..... 609.9 82.9 311.7 369.9 '14.8 171.6 963.9 1,330.4 587.2 '127.2
February................ 547.3 86.1 308.5 352.2 '21.1 153.2 890.5 1,364.0 545.7 '116.0
March.................. 426.8 74.6 305.5 371.3 '15.4 166.2 874.1 1,502.0 606.2 '133.0
April..................
May.....................
June...................
July ............. ......
August.................
September.... ........
October.................
November................
December .............

Unadjusted


1971

January-December....... 5,531.2 875.5 3,384.6 3,714.7 171.8 1,612.1 9,548.5 13,903.8 5,384.1 1,475.8

January-March........... 1,304.2 188.3 743.0 839.0 43.5 394.3 2,150.7 3,303.7 1,200.9 349.2

January................ 459.7 63.1 231.0 267.6 11.9 124.0 720.0 1,034.9 389.4 117.6
February............... 385.7 56.1 205.4 255.8 15.5 125.4 636.0 1,032.0 369.5 109.4
March.................. 458.7 69.0 306.6 315.6 16.1 144.9 794.7 1,236.9 442.1 122.1
April................... 522.1 70.4 277.3 269.3 17.6 150.4 823.9 1,200.6 436.5 125.1
May..................... 446.1 74.6 293.7 297.0 15.8 150.5 851.2 1,168.5 415.9 127.3
June ................. 500.7 92.7 348.5 303.0 13.9 142.3 947.8 1,312.5 492.8 124.1
July ............... 482.1 83.1 313.9 303.8 12.0 139.9 782.9 986.9 453.2 132.6
August................. 529.4 86.9 302.0 327.2 11.0 148.1 812.5 1,031.7 474.7 120.5
September.............. 610.7 104.4 308.4 333.1 17.6 165.9 896.2 1,219.8 485.0 112.6
October......... ..... 290.2 61.4 247.2 309.8 13.5 114.5 701.5 1,157.3 449.2 127.1
November ............. 302.8 50.5 254.4 331.7 12.1 90.2 716.4 1,218.7 436.9 116.9
December.............. 542.9 63.3 296.1 400.9 14.8 116.0 865.5 1,304.1 539.0 140.3

1972

January-March........... 1,560.7 249.2 878.8 1,201.2 51.3 502.1 2,602.9 4,271.8 1,607.0 376.3

January................ 547.1 83.5 288.9 398.4 14.8 159.4 872.3 1,269.2 519.1 127.2
February............... 540.8 84.8 276.4 375.4 21.1 150.8 800.6 1,334.0 477.5 116.0
March.................. 472.9 80.9 313.5 427.4 15.4 192.0 930.0 1,668.7 610.4 133.0
April..................
May....... ...... ......
June....... ............
July.............. ......
August.................
September..............
October.................
November... ..........
December..... ......

'Schedule A section descriptions are as follows:
0. Food and live animals 5. Chemicals
1. Beverages and tobacco 6. Manufactured goods classified chiefly by material
2. Crude materials, inedible, except fuels 7. Machinery and transport equipment
3. Mineral fuels, lubricants, and related materials 8. Miscellaneous manufactured articles, n.e.s.
4. Animal and vegetable oils and fats 9. Commodities and transactions not classified according to kind
'Adjusted for seasonal and working-day variation using seasonal adjustment factors introduced in January 1971. See footnote 1 on front page.
Annual totals are not shown for seasonally adjusted data. Unadjusted data should be used for annual totals. The adjusted section totals in
this table and similar overall monthly totals in tables 1 and 3 were adjusted independently.
'in the absence of demonstrable seasonal patterns for this section, no seasonal adjustment factors have been applied to date.






















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