ECONOMIC & ENERGY INDICATORS 30 SEPTEMBER 1983

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP84-00898R000300120008-3
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 14
• Document Creation Date: December 21, 2016
• Document Release Date: June 4, 2008
• Sequence Number: 8
• Publication Date: September 30, 1983
• Content Type: REPORT

Approved For Release 2008/06/04: CIA-RDP84-00898R000300120008-3
Directorate of
Intelligence
Economic & Energy
Indicators
DI EEI 83-020
30 September 1983
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 Approved For Release 2008/06/04: CIA-RDP84-00898R000300120008-3
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 Approved For Release 2008/06/04: CIA-RDP84-00898R000300120008-3
Economic & Energy
Indicators
Economic Industrial Production
Gross National Product
Consumer Prices
Money Supply
Unemployment Rate
Foreign Trade
Current Account Balance
Export Prices in US $
Import Prices in US $
Exchange Rate Trends
Money Market Rates
Agricultural Prices
Industrial Materials Prices
Energy World Crude Oil Production, Excluding Natural Gas Liquids
Big Seven: Inland Oil Consumption
Big Seven: Crude Oil Imports
OPEC: Crude Oil Official Sales Price
OPEC: Average Crude Oil Official Sales Price (Chart)
8
9
9
10
11
Foreword The EEI provides up-to-date information on changes in economic and energy
activities of major countries. It is,updated from press ticker and embassy
reporting whenever possible.
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Percent Change From Previous Period
(Seasonally Adjusted at an Annual Rate)
1st Qtr 2d Qtr Jun Jul Aug
United States -3.6 2.6 -8.1 9.9 18.3 17.0 26.6 11.0
Japan 4.7 1.0 0.4 3.6 6.7 12.3
West Germany -0.8 -2.7 -3.1 5.5 12.0 32.8 -10.7
France 0.7 -2.6 -1.5 2.1 3.2 -24.3
United Kingdom -6.4 -5.1 1.5 5.3 0.4 -18.8
Italy 5.5 -2.4 -2.2 -1.9 -9.8 -19.8
Canada -1.5 0.9 -10.7 22.3 11.5 21.9
Percent Change From Previous Period
(Constant Market Prices; Seasonally Adjusted at an Annual Rate)
1st Qtr 2d Qtr
United States -0.3 2.6 -1.9 2.6 9.2
Japan 4.8 3.9 2.9 0.9 3.6
West Germany 1.8 -0.2 -1.1 2.2
France 1.1 0.2 1.7
United Kingdom -2.1 -2.2 1.4 6.8
Italy 3.9 0.1 -0.3 1.2
Canada 1.0 3.4 -4.4 7.6 7.5
Percent Change From Previous Period
(Seasonally Adjusted at an Annual Rate)
1st Qtr 2d Qtr Jul Aug
United States 13.5 10.3 6.2 -0.4 4.2 4.9
Japan 8.0 4.9 2.6 0.6 1.1 -0.1 2.5
West Germany 5.5 6.0 5.3 0.3 1.4 4.5 8.0
France 13.5 13.3 12.0 11.1 10.5 7.7 8.5
United Kingdom 18.0 11.9 8.6 3.5 1.9 8.6 10.1
Italy 21.2 19.3 16.4 13.3 14.2 13.8 10.6
Canada 10.2 12.5 10.8 3.0 4.2 7.0
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Money Supply, M-1
Percent Change From Previous Period
(Based on Amounts in National Currency Units; Seasonally Adjusted at an Annual Rate)
1st Qtr
Apr
May
Jun
Jul
Aug
United States a
6.2
7.1
6.5
14.8
-2.6
29.8
10.7
9.3
2.6
Japan
0.8
3.7
7.1
-0.3
-20.4
13.0
5.9
53.0
West Germany
2.3
1.2
3.6
21.5
11.7
0.4
19.0
6.2
France
8.5
12.6
13.9
6.5
13.3
14.6
United Kingdom
4.5
NA
NA
9.8
14.7
18.0
32.3
-5.1
10.4
Italy
15.8
11.2
11.6
11.8
8.1
6.6
Canada
6.4
4.0
1.0
27.2
6.7
13.1
28.8
5.2
13.5
Unemployment Rate a
Percent
(Seasonally adjusted)
1st Qtr
2d Qtr
Jul
Aug
United States
7.1
7.5
9.6
10.2
10.0
9.3
9.0
Japan
2.0
2.2
2.4
2.7
2.7
2.5
West Germany
3.9
5.6
7.7
8.8
9.6
9.6
9.5
France
6.3
7.6
8.4
8.4
8.4
9.3
9.7
United Kingdom
6.4
10.0
11.7
12.5
12.6
12.4
12.3
Italy
7.6
8.4
9.1
9.8
NA
Canada
7.5
7.6
11.1
12.5
12.5
12.0
11.8
a Unemployment rates for France are estimated. For comparison
with the US rate, the rates for France and the United Kingdom
should be increased by 5 percent and 15 percent respectively. Italian
rates should be decreased by 50 percent; the rates for Japan,
Canada, and West Germany are comparable to US rates.
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Foreign Trade
Billion US $, f.o.b.
(Seasonally Adjusted)
1st Qtr
2d Qtr
Jun
Jul
Aug
Exports
220.7
233.5
212.3
50.5
48.6
17.0
16.6
Imports
245.0
261.0
244.0
58.6
62.3
21.0
21.9
Balance
-24.3
-27.5
-31.6
-8.1
-13.7
-4.0
-5.3
Japan
Exports
126.3
149.5
138.3
35.5
35.5
11.9
11.8
Imports
124.7
129.5
119.8
28.6
27.6
10.0
8.6
Balance
1.6
20.1
18.4
6.9
7.9
2.0
3.2
West Germany
Exports
193.0
175.3
176.4
43.6
43.1
14.7
13.4
Imports b
188.0
163.4
155.3
38.1
38.9
13.2
12.0
Balance
4.9
11.9
21.1
5.5
4.2
1.6
1.4
France
Exports
116.0
106.3
96.4
23.9
23.4
7.9
7.6
8.0
Imports
130.1
115.6
110.5
27.3
25.1
8.4
8.0
8.1
Balance
-14.1
-9.3
-14.0
-3.5
-1.7
-0.5
-0.4
0
United Kingdom
Exports
110.2
102.5
97.0
22.6
22.8
7.9
7.2
Imports
107.2
96.1
93.5
22.9
23.8
7.7
7.8
Balance
3.0
6.4
3.6
0.3
- 1.0
0.3
-0.5
Italy
Exports
78.0
75.4
74.2
18.9
18.2
6.1
Imports
100.3
91.4
87.0
21.8
19.6
6.9
Balance
-22.3
-15.9
-12.8
-2.9
-1.4
-0.8
Canada
Exports
65.9
70.5
68.6
16.9
18.4
6.1
5.9
Imports
58.4
64.3
53.7
13.6
14.2
4.9
4.8
Balance
7.5
6.2
14.8
3.3
4.2
1.2
1.1
8 Imports are customs values.
b Imports are c.i.f.
1st Qtr Apr
May Jun
Jul
United States
0.4 4.6
-11.2
-3.6
Japan
-10.7 4.8
6.6
1.4 2.3
1.7 2.2
2.9
West Germany
-16.5 -6.8
3.4
1.7 NEGL
0.6 0.2
-1.2
France
-7.8 -5.5
-12.1
-3.6
United Kingdom
7.0 NA
9.3
1.2 -0.3
-0.6 0.4
-0.2
Italy
-9.7 -8.5
-5.8
Canada
-0.9 -4.8
2.4
0.2
a Converted to US dollars at current market rates of exchange.
b Seasonally adjusted.
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 Approved For Release 2008/06/04: CIA-RDP84-00898R000300120008-3
Export Prices in US $
United States
10.6
9.2
1.5
Japan
6.6
5.5
-6.4
West Germany
7.2
-15.2
-3.0
France
11.7
-12.0
-5.5
United Kingdom
22.5
NA
-7.3
Italy
17.4
-7.8
-3.3
Canada
17.4
3.9
-2.3
Import Prices in US $
1st Qtr
Apr
May
Jun
Jul
3.1
1.8
-9.4
11.9
10.6
5.2
16.5
-14.6
-5.9
14.4
-13.2
-10.0
-29.1
-14.8
12.8
-17.9
-23.1
-19.5
-14.0
63.6
35.8
-11.7
-13.2
-4.8
3.9
15.3
-14.5
-4.0
49.2
1st Qtr
Apr
May
Jun
Jul
United States
27.3
5.3
-2.0
-12.3
-5.0
0.9
3.2
Japan
35.5
3.6
-7.3
-4.1
-24.6
-17.9
-4.0
25.4
West Germany
15.7
-8.3
-5.4
-3.1
-11.1
-8.5
-25.3
-7.8
France
19.4
-7.8
-7.2
2.9
-32.3
26.2
-32.9
United Kingdom
24.2
NA
-6.1
-11.0
45.6
11.2
-20.2
-11.7
Italy
26.1
1.1
-7.3
0.4
Canada
16.8
8.7
-1.1
-2.1
-2.4
-16.6
8.8
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 Approved For Release 2008/06/04: CIA-RDP84-00898R000300120008-3
United States
-0.4
10.5
10.6
-6.0
9.2
Japan
-4.2
9.3
-5.7
46.5
5.2
West Germany
0.2
-2.1
7.0
10.4
4.2
France
0.5
-5.1
-6.1
6.7
-16.9
United Kingdom
9.8
2.5
-2.1
-31.1
24.3
Italy
-4.1
-9.2
-5.1
4.5
-4.9
Canada
-0.1
0.3
0.2
0.2
1.4
Japan
-3.5
2.7
-12.8
31.5
-4.1
-2.5
-21
West Germany
0.8
-24.6
-7.2
14.1
-13.4
-22.0
-45
France
0.7
-28.7
-20.8
10.1
-38.2
-21.4
-47
United Kingdom
9.6
-13.2
-13.4
-25.3
5.5
-15.3
-17
Italy
-3.1
-32.8
-18.8
9.4
-23.8
-18.5
-54
Canada
0.2
-2.5
-2.9
1.7
-1.2
0.1
-1
Money Market Rates
United States 13.29 16.24 12.49 8.67 8.61 8.77 8.46
90-day certificates of
deposit, secondary market
Japan
loans and discounts
(2 months)
West Germany
interbank Ioans
(3 months)
France
12.39
15.47
14.68
12.74
12.22
12.22
interbank money market
(3 months)
United Kingdom
16.72
13.85
12.24
11.16
10.28
10.28
sterling interbank loans
(3 months)
Italy
Milan interbank loans
(3 months)
Canada
finance paper (3 months)
Eurodollars
3-month deposits
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Agricultural Prices
Beef (0 per pound)
Australia 125.9 113.5 108.7 109.2 112.9 111.6 112.2
(Boneless beef,
f.o.b., US Ports)
United States
(Wholesale steer beef,
midwest markets)
Cocoa
(t per pound)
Coffee
(S per pound)
Corn
(Central Illinois No. 2 yellow,
$ per bushel)
3.01
3.14
2.42
2.59
3.10
3.26
3.58
Cotton
(Memphis middling
11/16 inch, $ per pound)
0.8219
0.7243
0.6073
0.6311
0.6755
0.7076
0.7317
Palm Oil
(United Kingdom 5% bulk,
c.i.f., S per metric ton)
583.08
570.67
445
372
415
415
544
Rice
496
565
367
368
375
386
NA
(New Orleans
No. 2, milled f.o.b.,
$ per metric ton)
Soybeans
(Central Illinois No. I yellow,
$ per bushel)
Soybean Oil
(S per pound)
Sugar
(World raw London,
bulk ? per pound)
Wheat
4.33
4.36
4.00
4.07
4.05
3.69
3.87
(Kansas City No. 2 hard
winter, S per bushel)
Food Index
232
203
167
164
178
183
199
(1975=100)
a The food index is compiled by The Economist for 16 food
commodities which enter international trade. Commodities are
weighted by 3-year moving averages of imports into industrialized
countries.
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Major US producer
71.6
77.3
76.0
76.0
76.0
76.0
76.0
LME cash
80.8
57.4
44.9
54.2
64.6
69.0
72.6
Chrome Ore
55.0
53.0
50.9
50.0
50.0
50.0
50.0
(South Africa chemical
grade, S per metric ton)
Copper a
(bar, C per pound)
Gold
(S per troy ounce)
Lead a
(0 per pound)
Manganese Ore
(48% Mn, S per long ton)
78.5
82.1
79.9
Composite US producer
3.5
3.5
3.2
LME Cash
3.0
2.7
2.2
Platinum (s per troy ounce)
Metals week,
New York dealers' price
677.0
446.0
Synthetic b
40.6
47.5
45.7
48.1
40.9
42.1
NA
Natural c
73.8
56.8
45.4
49.8
56.8
58.2
59.7
Silver
20.7
10.5
7.9
12.3
12.1
12.1
12.1
(S per troy ounce)
Steel Scrap d
(S per long ton)
91.2
92.0
Tina
761.3
641.4
(t per pound)
Tungsten Ore
(contained metal,
S per metric ton)
18,219
18,097
US Steel
(composite,
S per long ton)
Zinc a
(d per pound)
Lumber Index e
167
159
(1975 =100)
Industrial
Materials Index f
184
166
(1975=100)
a Approximates world market price frequently used by major world
producers and traders, although only small quantities of these
metals are actually traded on the LME.
b S-type styrene, US export price.
e Quoted on New York market.
d Average of No. 1 heavy melting steel scrap and No. 2 bundles
delivered to consumers at Pittsburgh, Philadelphia, and Chicago.
e This index is compiled by using the average of 11 types of lumber
whose prices are regarded as bellwethers of US lumber construction
costs.
f The industrial materials index is compiled by The Economist for
19 raw materials which enter international trade. Commodities are
weighted by 3-year moving averages of imports into industrialized
countries.
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World Crude Oil Production
Excluding Natural Gas Liquids
World
59,469
55,818
53,053
51,783
52,076
Non-Communist countries
45,244
41,593
38,803
37,418
37,711
Developed countries
12,859
13,579
13,276
13,521
13,413
United States
8,597
8,572
8,658
8,670
8,688
Canada
1,424
1,285
1,270
1,174
1,200
United Kingdom
1,619
1,811
2,094
2,237
2,045
Norway
528
501
518
600
625
Other
691
717
736
840
855
Non-OPEC LDCs
5,444
6,027
6,636
6,954
6,962
Mexico
1,937
2,312
2,749
2,794
2,775
Egypt
595
598
665
755
770
Other
2,912
3,117
3,222
3,405
3,417
OPEC
26,941
22,680
18,891
16,943
17,3 ~ o
Algeria
1,020
803
701
600
700
Ecuador
204
211
211
200
220
Gabon
175
151
154
150
170
Indonesia
1,576
1,604
1,314
1,300
1,400
Iran
1,662
1,381
2,282
2,400
2,400
Iraq
2,514
993
972
900
900
Kuwait b
1,389
947
663
800
800
Libya
1,830
1,137
1,183
1,100
1,100
Neutral Zone c
544
370
317
455
475
Nigeria
2,058
1,445
1,298
1,626
1,533
Qatar
471
405
328
277
298
Saudi Arabia b
9,631
9,625
6,327
4,300
4,500
UAE
1,702
1,500
1,248
1,150
1,150
Abu Dhabi
1,343
1,131
876
800
800
Dubai
349
359
359
340
340
Sharjah
10
10
13
10
10
Venezuela
2,165
2,108
1,893
1,685
1,690
Communist countries
14,225
14,225
14,250
14,365
14,365
USSR
11,700
11,790
11,800
11,860
11,860
China
2,118
2,024
2,040
2,085
2,085
Other
407
411
410
420
420
a Preliminary.
b Excluding Neutral Zone production, which is shown separately.
c Production is shared equally between Saudi Arabia and Kuwait.
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Big Seven: Inland Oil Consumption.
United States a
17,006
16,058
15,296
Japan
4,674
4,444
4,204
West Germany
2,356
2,120
2,024
France
1,965
1,744
1,632
United Kingdom
1,422
1,325
1,345
Italy b
1,602
1,705
1
1,618
Canada
1,730
1,617
1,454
a Including bunkers, refinery fuel, and losses.
b Principal products only.
Big Seven: Crude Oil Imports
United States
5,220
4,406
3,488
Japan
4,373
3,919
3,657
West Germany
1,953
1,591
1,451
France
2,182
1,804
1,596
United Kingdom
893
736
565
Italy
1,860
1,816
1,710
Canada
557
521
334
Feb
Mar
Apr
May
Jun
Jul
14,772
15,484
14,779
14,250
15,281
14,818
4,972
4,623
3,847
3,461
2,053
2,182
1,940
1,986
1,685
1,786
1,500
1,405
1,189
1,417
1,431
1,313
1,227
1,253
1,865
1,606
1,417
1,468
1,472
1,458
1,280
1,192
1,309
1,357
Feb
Mar
Apr
May
Jun
Jul
Aug
2,268
2,232
2,970
3,234
3,502
3,697
3,978
3,715
3,672
3,604
2,975
3,337
3,099
1,279
1,264
1,279
1,385
1,279
1,312
1,163
1,155
1,148
1,331
1,492
242
371
303
537
467
1,490
1,490
215
195
143
93
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Berri
39? API 1.16% sulfur
Light 17.26 28.67 32.50 34.00 29.00 29.00
34? API 1.70% sulfur
Medium 16.79 28.12 31.84 32.40 27.40 27.40
31 ? API 2.40% sulfur
Heavy
27? API 2.85% sulfur
Light
34? API 1.35% sulfur
Heavy
31 ? API 1.60% sulfur
Iraq ?
35? API 1.95% sulfur
Nigeria
34? API 0.16% sulfur
UAE
39? API 0.75% sulfur
Kuwait
311 API 2.50% sulfur
Libya
40? API 0.22% sulfur
Venezuela
26? API 1.52% sulfur
Indonesia 18.35 30.55 35.00 34.92 29.53 29.53
35? API 0.09% sulfur
Algeria
42? API 0.10% sulfur
Qatar
40? API 1.17% sulfur
Gabon
29? API 1.26 % sulfur
Ecuador
28' API 0.93% sulfur
a F.o.b. prices set by the government for direct sales and, in most
cases, for the producing company buy-back oil.
b Weighted by the volume of production.
? Beginning in 1981 the price of Kirkuk (Mediterranean) is used in
calculating the OPEC average official sales price.
Approved For Release 2008/06/04: CIA-RDP84-00898ROO0300120008-3
 Approved For Release 2008/06/04: CIA-RDP84-00898R000300120008-3
OPEC: Average Crude Oil Official Sales Price
11.29 11.02 11.77
3.39
12.88 12.93
mm mm
1973 74 75 76 77 78 79 80 81 82
Annual Average
32.61
31.74
30.41 ffm
34.84 34.64 34.48
aawa~rev .,.....e... 34.06
34.05 33.37 33.57 33.53
Approved For Release 2008/06/04: CIA-RDP84-00898R000300120008-3