ECONOMIC INDICATORS

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP79B00457A000100120002-8
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 23
• Document Creation Date: December 12, 2016
• Document Release Date: January 9, 2002
• Sequence Number: 2
• Publication Date: August 25, 1977
• Content Type: REPORT

Approved For Release 2002/05/07 :CIA-RDP79B00457A000100120002-8
ECONOMIC INDICATORS
Prepared by
The Office of Economic Research
ER EI 77-034
25 August 1977
Approved For Release 2002/05/07 :CIA-RDP79B00457A000100120002-8
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This publication is prepared for the use of U.S. Government
officials. 'Che format, coverage and contents of the publication are
designed to meet the specific requirements of those users. U.S.
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di. ?ectly o:r through liaison channels from the Central Intelligence
Ai ;ency,
Non-U.S. Government users may obtain this along with similar
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Library of Congress
Washington, D.C. 20540
Non-U.S. Government users not interested in the DOCEX
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1. The Economic Indicators provide up-to-date information on changes in
the domestic and external economic activities of the major non-Communist
developed countries. To the extent possible, the Economic Indicators are updated
from press ticker and Embassy reporting, so that the results are made available
to the reader weeks-or sometimes months-before receipt of official statistical
publications. US data are provided by US government agencies.
2. Source notes for the Economic Indicators will be published quarterly. The
most recent data of publication is 20 April 1977. Comments and queries regarding the
Economic Indicators are welcomed.
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INDUSTRIAL F?RCIDl1CTICDN INDEX: 1~7o=xoo, seasonally adjusted
Japan
JAN APR .IUL OCT ~A~pprOVed for R'e~ease 2~'b2/~`~/O/ N C~~-RU~7~~30dA~57`~~Od~000,Ic~0~l~y2-,QPR JUL nCT
1972 1973 1974 1975 1976 (J jf 1977
A-2
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United Kingdom
- iio
lAN APR JUL OCT JAN APR JUL OCT JAN APR JUL OCT JAN APR JUL OCT JAN APR JUL OCT JAN APR JUL OCT
1972 1973 1974 1975 1976 1977
Percent
AVERAGE ANNUAL ~
Percent
Change
GROWTH RATE SINCE -
-
Change -
from
LATEST
from
Previous
1 Year
3 Months
LATEST
Previous
MONTH
Month
1970
Earlier
Earlierl
MONTH
Month
United States
JUL 77
0.5
3.7
6.4
10.4
United Kingdom
JUN 77
-5.1
'~ Japan
JUN 77
0.5
3.9
3.4
3.0 %
Italy
JUN 77
-7.2
~:~'. West Germany
lUN 77
1.8
2.2
3.6
- 6.6 i
Canada
MAY 77
1.0
' France
MAY 77
-0.8
3.5
4.1
3.2
AVERAGE ANNUAL
GROWTH RATE SINCE
1 Vear 3 Months
1970 Earlier Earlierl
O.1 -0.2 -5.6
2.7 3.3 16.9
4.1 3.1 3.2
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 UNI=IMPLO~~1F~r PCRCENTOOFL ABOR ORDE79B00457A000100120002-8
Japan
IMest Caermany
2.1
1972 1973 1974 1975 1976 19'77
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United Kingdom
Italy (quarterly)
THOUSANDS OF PERSONS UNEMPLOYED
NOTE: Data are seasonally adjusted. Unemployment rates for France are estimated. The rates shown for Japan, Italy and Canada are
roughly comparable to US rates. For 1975-77, the rates for France and the United Kingdom should be increased by 5 percent and
15 percent respectively,and those for West Germany decreased by 20 percent to be roughly comparable with US rates.
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A-5
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DOI'VI'ESTIC PF~ICES1 INDEX: is7o=~o0
West Germany
a>
- 156
1Wholesale price indexes cover industrial goods.
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A-6
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United Kingdom
Canada
175
150
iarc
....,. -.
--
Percent
Change
AVERAGE ANNUAL
GROWTH RATE SINCE
LATEST
from
Previous
1970
1 Year
3 Months
MONTH
Month
Earlier
Earlier
United States
1UL 77
0.6
8.5
7.2
5.5
United Kingdom
JUN 77
0.7
6.6
6.9
8.3 _
Japan
JUN 77
-0.2
7.9
2.6
-0.7
Italy
JUN 77
-0.5
10.7
8.5
8.5
- West Germany
lUN 77
0
5.3
2.7
1.7
Canada
JUN 77
0.5
5.7
4.0
5.6
France
MAR 77
0.9
8.4
8.2
7.6
APR JUL OCT
1973
lAN APR JUL OCT lAN APR JUL OCT
1976 1977
Percent
Change
AVERAGE ANNUAL
GROWTH RATE SINCE
LATEST
from
Previous
1970
1 Year
3 Months
MONTH
Month
Earlier
Earlier
JUL 77
1.3
14.9
20.9
17.1
JUL 77
0.1
14.0
17.Y~-
8.0
MAY 77
0.6
16.0
11. T
9.2
JUL 77
0.8
13.2
2L ~
14.3
MAY 77
-0.1
10.2
10.1
10.4
JUN 77
0.7
7.5
7.-~.
a.r
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A-7
 Average
Annual Growth Rata Since
Average
Annual Growth Rate Since
Pe
rcent Chango ,_
Percent Change
Latest fr
Quarter
_
om hevious 1 Yeor Previous
Qu rzter 1970 Earlier Quarter
Latest
Month
from Previous 1 Year 3 Months
Month 1970 Earlier Eorlier ~
United States
77 II
1.6
3.2
4.7
6.4
United
Slates
Jun 77
- 0.2
3.2
4.1
3.3
Japan
77 I
2.5
5.5
4.9
10.2
Japan
Apr 77
3.1
10.7
6: !
16.0
WesP Germany
76 IV
1.8
2.5
4.5
7,3
West
Germany
May 77
5.4
2.3
3.:5
--5.6
France
76 IV
it
3.9
4.9
p
France
May 77
-1.1
-1.4
-7.'I
-13.2
Unitrfd Kingdom
76 IV
Z.1
2.0
2.6
g,g
United
Kingdom
Jul 77
3.6
1.2
-1.;>
4.6
If~aly
76 IV
1.8
3.4
9.4
20.6
Italy
Mar 77
0.2
2.9
-O.:i
16.3
Canada
76 IV
-i1.6
4.8
3.4
-25
Canada
May 77
-0.8
4.2
l.fi
-13.6
Non-residential; constaltt prices
United States
Japan
West Germany
France
Uruite~J Kingdom
Italy
Canada
' Seasonally adjusted.
Average
Annual Growth Rasa Since
Percent ~hange
Latest from Revious 1 Year Previous
Quarter Quay ter -970 Earlier Quarter
77 II
77 I
76 IV
75 IV
nl
76 iV
76 IV
' Seasonally adjusted.
~ Average for larost 3 months compared with average for previous 3 rcionths.
WAGES IN MANUFACTURING '
United States
Japan
West Germany
France
United Kingdom
Italy
Canada
Averago
Annual Growth Ftate Since
Percent Change _
latest from Previous 1 Year 3 Months
Period Period 1970 Earlier Earlier'
Jul 77
May 77
77 1
77 I
May 77
May 77
Apr 77
7.li
10.1.
7.7'
13.9'
' Hourly earnings (seasonally adjusted) for the United States, Japan, and Canada; hourly wage
rates fsx others. West German and French data refer to the beginning of the quarter.
Average for latest 3 months compared wlih that for previous 3 months.
United States
Japan
West Germany
France
United Kingdom
Canada
Eurodollars
C ~mmerical paper
C all money
In lerbank loans (3 months)
Grll money
51 erling interbank loans (3 months)
Fi lance paper
TF ree-month deposits
1 Year 3 Months 1 Month
latest Data Earlier Earlier Earlier
Aug 17
Aug 19
Aug 17
Aug 19
Aug 17
Aug 17
Aug 17
5.75
 EXPORT PRI~Bproved For Release 2002/05/07:
IAEI3~R~Ip'19?S7A000100120002-8
US $
National Currency
average
Average
Annual
Growth Rate Since
Annual Growth Rafe Since
Percent Change
Per
cent Chonpe
Latest from Previous
1 Year
3 Months
Latest from Previous
1 Year
3 Months
Month
Month
1970
Earlier
Earlier
Month
Month
1970 Earlier
Ealier
United States
Mar 77
0.8
10.1
6.5
3.5
United States Mar 77
0.8
10.1 6.5
3.5
Japan
Jun 77
2.0
10.8
14.9
10.1
Japan Jun 77
0.4
6.5 4.7
- 1.0
West Germany
Jun 77
-0.5
11.3
11.6
5.4
West Germany Jun 77
-0.5
4.5 2.0
-0.9
France
May 77
0.9
11.3
7.1
3.6
France May 77
0.6
9.5 12.8
1.3
United Kingdom
Jul 77
0.6
10.6
12.9
11.1
United Kinddom Jul 77
0.4
16.0 17.0
9.7
Italy
Mar 77
0.5
11.3
16.9
16.7
Italy Mar 77
- 1.1
16.8 22.9
17.1
Canada
Apr 77
2.9
10.1
10.9
24.7
Canada Apr 77
2.9
8.5 7.2
7.1
IMPORT PRICES
National Currency
OFFICIAL RESERVES
Average
Annual
Growth Rata Since
Billion US
f
PxcenT Change
Latest Month
Latest from Previous
1 Year
3 Months
1 Year
3 Months
Month
Month
1970
Earlier
Earlier
End of
Billion US S
Jun 1970 Earlier
Emlier
United States
Mar 77
2.7
14.0
9.5
22.3
United States Jun 77
19.2
14.5 18.5
19.1
Japan
Jun 77
- 0.8
10.9
0.3
- 14.8
Japan Jun 77
17.4
4.1 15.4
17.0
West Germany
Jun 77
-0.1
4.4
1,7
3.0
West Germany May 77
34.3
8.8 33.6
. 34.5
France
May 77
- 0.5
10.5
17.4
2.5
France Mar 77
9.8
4.4 11.1
9.7
United Kingdom
Jul 77
0.7
19.7
15.7
6.6
United Kingdom Jun 77
11.6
2.8 5.3
9.7
Italy
Mar 77
- 1.9
21.2
24.6
25.8
Italy Sep 76
5.1
4.7 5.8
5.2
Canada
Apr 77
1.1
9.3
8.5
10.3
Canada May 77
5.2
4.3 5.8
5.3
CURRENT ACCOUNT BA
LANCE '
BASIC BALANCE '
cumulati
ve (Million us al
Current and Long-Term-Capital Transactions
Latest
Cumulative (Million
US 51
Period Mill
ion US S
1977
1976
Chonpe
Lotast
Period Million USE
1977 1976
Change
United States'
77 I -4,317 -
4,317
540
-4,857
United States
No longer published z
Japan
Jul 77
1,530
4,637
1,242
3,395
Japan Jul 77
1,340
3,493 1,629
. 1,864
West Germany
Jun 77
340
2,201
1,441
760
West Germany Jun 77
-613 -1,239 1,105
-2,344
France
77 I -1,660 -
1,660
1,316
-345
France 77 I
-1,351
-1,351 -2,015
. 663
United Kingdom
77 I
-773
-773
-502
-271
United Kingdom 76 IV
-277
N.A. N.A.
N.A.
Italy
76 IV
-882
N.A.
N.A.
N.A.
Italy 76 111_
779
N.A. N.A.
N.A.
Canada
77 I - 1,624 -
1,624
1,911
287
Canada 77 I
-583
-583 882
. - 1,465
' Converted to US dollars at the current market rotas of exchange.
' Converted To US dol
lars at the curre
nt market rates of exchange.
rqs recommended by the Advisory Committee on the
Presentation of Bafanca of Payments
' Seasonally adjusted.
Statistics, Tha Department of Commerce
no longer publishes a basic balance.
EXCHANGE RATES
TRADE-WEIGHTED EXCHANGE
RATES '
As of 19 Aug 77
Spot Rate
Percent Change from
Perce
nt Chonpe Irom
As of 19 Aug 77
US S
1 Year
3 Months
1 Year
3 Months
Per Unit
19 Mar 73
Ewlier
Earlier
12 Aug 77
19 Mar 73
Earlier
Earlier 12 Aug 77
Japan (yen)
0.0037
- 1.55
8.43
3.77
-0.29
United States 6.26
1.26
0.21
0.02
West Germany
0.4296
21.33
8.27
1.17
0.04
Japan 4.40
10.76
3.96 -
0.29
(Deutsche mark)
West Germany 25.44
5.84
0.93
0.09
France (franc)
0.2035
-7.69
1.50
0.67
-0.06
France -7.74
-1.61
0.46 -
0.07
United Kingdom
1.7403
-29.28
-2.28
1.37
0.14
United Kingdom -29.72
-4.00
1.43
0.19
(pound sterling)
Italy -38.57
-8.24
-0.16
0.01
Italy (lira)
0.0011
- 36.05
- 5.11
0.27
0
Canada - 4.74
- 8.74
- 2.63
0.12
Canada (dollar)
0.9298
-6.81
-8.34
-2.37
0.11
'Weighting is based on each listed country's trade with 16 other industrialized countries to
re/lest the com titive im ct of exchan
ge rate varia
tions among the majo
r currencies.
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l~ig Other Com- Big Other Com-
Worlc S