Month Cumulative Net Per Cent Expanding: Seasonally Adjusted By Nber 1919-02-01 -449.600 1919-03-01 -465.200 1919-04-01 -449.600 1919-05-01 -434.000 1919-06-01 -405.900 1919-07-01 -368.400 1919-08-01 -337.200 1919-09-01 -327.800 1919-10-01 -327.800 1919-11-01 -309.100 1919-12-01 -312.200 1920-01-01 -271.600 1920-02-01 -281.000 1920-03-01 -287.300 1920-04-01 -312.300 1920-05-01 -299.800 1920-06-01 -290.400 1920-07-01 -302.900 1920-08-01 -290.400 1920-09-01 -309.200 1920-10-01 -318.600 1920-11-01 -340.500 1920-12-01 -365.500 1921-01-01 -381.100 1921-02-01 -374.900 1921-03-01 -374.900 1921-04-01 -368.700 1921-05-01 -346.800 1921-06-01 -349.900 1921-07-01 -356.200 1921-08-01 -331.200 1921-09-01 -325.000 1921-10-01 -287.500 1921-11-01 -278.100 1921-12-01 -278.100 1922-01-01 -265.600 1922-02-01 -246.900 1922-03-01 -225.000 1922-04-01 -215.600 1922-05-01 -181.200 1922-06-01 -137.500 1922-07-01 -121.900 1922-08-01 -121.900 1922-09-01 -100.000 1922-10-01 -78.1000 1922-11-01 -37.5000 1922-12-01 -9.40000 1923-01-01 0.000000 1923-02-01 13.0000 1923-03-01 45.6000 1923-04-01 71.7000 1923-05-01 93.4000 1923-06-01 86.9000 1923-07-01 89.1000 1923-08-01 58.7000 1923-09-01 47.8000 1923-10-01 32.6000 1923-11-01 41.3000 1923-12-01 28.3000 1924-01-01 45.7000 1924-02-01 67.4000 1924-03-01 63.1000 1924-04-01 52.2000 1924-05-01 30.5000 1924-06-01 -2.10000 1924-07-01 -21.7000 1924-08-01 4.40000 1924-09-01 32.7000 1924-10-01 50.1000 1924-11-01 76.2000 1924-12-01 108.800 1925-01-01 137.100 1925-02-01 156.700 1925-03-01 143.700 1925-04-01 143.700 1925-05-01 139.400 1925-06-01 135.100 1925-07-01 167.700 1925-08-01 180.700 1925-09-01 180.700 1925-10-01 204.600 1925-11-01 230.700 1925-12-01 248.100 1926-01-01 232.900 1926-02-01 232.900 1926-03-01 243.800 1926-04-01 239.500 1926-05-01 235.200 1926-06-01 254.800 1926-07-01 276.500 1926-08-01 291.700 1926-09-01 317.800 1926-10-01 317.800 1926-11-01 311.300 1926-12-01 300.400 1927-01-01 293.900 1927-02-01 306.900 1927-03-01 315.600 1927-04-01 311.300 1927-05-01 311.300 1927-06-01 309.100 1927-07-01 304.800 1927-08-01 291.800 1927-09-01 263.500 1927-10-01 246.100 1927-11-01 237.400 1927-12-01 257.000 1928-01-01 263.500 1928-02-01 276.500 1928-03-01 283.000 1928-04-01 278.700 1928-05-01 302.600 1928-06-01 320.000 1928-07-01 339.600 1928-08-01 383.100 1928-09-01 398.300 1928-10-01 424.400 1928-11-01 457.000 1928-12-01 491.800 1929-01-01 504.800 1929-02-01 498.300 1929-03-01 524.400 1929-04-01 544.000 1929-05-01 554.900 1929-06-01 576.600 1929-07-01 591.800 1929-08-01 600.500 1929-09-01 585.300 1929-10-01 561.400 1929-11-01 520.100 1929-12-01 489.700 1930-01-01 465.800 1930-02-01 459.300 1930-03-01 435.400 1930-04-01 426.700 1930-05-01 402.800 1930-06-01 370.200 1930-07-01 333.200 1930-08-01 289.700 1930-09-01 263.600 1930-10-01 244.000 1930-11-01 207.000 1930-12-01 174.400 1931-01-01 159.200 1931-02-01 176.600 1931-03-01 196.200 1931-04-01 194.000 1931-05-01 191.800 1931-06-01 165.700 1931-07-01 146.100 1931-08-01 115.700 1931-09-01 65.7000 1931-10-01 30.9000 1931-11-01 9.20000 1931-12-01 -12.5000 1932-01-01 -27.7000 1932-02-01 -56.0000 1932-03-01 -79.9000 1932-04-01 -116.900 1932-05-01 -145.200 1932-06-01 -166.900 1932-07-01 -199.500 1932-08-01 -203.800 1932-09-01 -164.700 1932-10-01 -136.400 1932-11-01 -132.100 1932-12-01 -160.400 1933-01-01 -173.400 1933-02-01 -175.600 1933-03-01 -212.600 1933-04-01 -177.800 1933-05-01 -132.100 1933-06-01 -93.0000 1933-07-01 -62.6000 1933-08-01 -71.3000 1933-09-01 -95.2000 1933-10-01 -132.200 1933-11-01 -156.100 1933-12-01 -151.800 1934-01-01 -143.100 1934-02-01 -112.700 1934-03-01 -80.1000 1934-04-01 -75.8000 1934-05-01 -73.6000 1934-06-01 -73.6000 1934-07-01 -97.5000 1934-08-01 -114.900 1934-09-01 -143.200 1934-10-01 -145.400 1934-11-01 -117.100 1934-12-01 -78.0000 1935-01-01 -41.0000 1935-02-01 -21.4000 1935-03-01 -21.4000 1935-04-01 -32.3000 1935-05-01 -25.8000 1935-06-01 -8.40000 1935-07-01 11.2000 1935-08-01 32.9000 1935-09-01 76.4000 1935-10-01 122.100 1935-11-01 148.200 1935-12-01 169.900 1936-01-01 159.000 1936-02-01 137.300 1936-03-01 141.600 1936-04-01 182.900 1936-05-01 202.500 1936-06-01 235.100 1936-07-01 267.700 1936-08-01 298.100 1936-09-01 326.400 1936-10-01 363.400 1936-11-01 402.500 1936-12-01 426.400 1937-01-01 439.400 1937-02-01 459.000 1937-03-01 474.200 1937-04-01 495.900 1937-05-01 517.600 1937-06-01 506.700 1937-07-01 506.700 1937-08-01 495.800 1937-09-01 471.900 1937-10-01 430.600 1937-11-01 380.600 1937-12-01 332.800 1938-01-01 319.800 1938-02-01 313.300 1938-03-01 313.300 1938-04-01 280.700 1938-05-01 276.400 1938-06-01 267.700 1938-07-01 300.300 1938-08-01 343.800 1938-09-01 374.200 1938-10-01 398.100 1938-11-01 424.200 1938-12-01 432.900 1939-01-01 437.200 1939-02-01 437.200 1939-03-01 448.100 1939-04-01 435.100 1939-05-01 443.800 1939-06-01 482.900 1939-07-01 515.500 1939-08-01 548.100 1939-09-01 589.400 1939-10-01 628.500 1939-11-01 639.400 1939-12-01 635.100 1940-01-01 617.700 1940-02-01 602.500 1940-03-01 593.800 1940-04-01 587.300 1940-05-01 619.900 1940-06-01 643.800 1940-07-01 641.600 1940-08-01 659.000 1940-09-01 687.300 1940-10-01 733.000 1940-11-01 767.800 1940-12-01 806.900