Month Per Cent Expanding: Seasonally Adjusted By Nber 1919-04-01 92.0000 1919-05-01 100.000 1919-06-01 92.0000 1919-07-01 67.0000 1919-08-01 67.0000 1919-09-01 67.0000 1919-10-01 79.0000 1919-11-01 50.0000 1919-12-01 25.0000 1920-01-01 17.0000 1920-02-01 8.00000 1920-03-01 8.00000 1920-04-01 17.0000 1920-05-01 17.0000 1920-06-01 17.0000 1920-07-01 17.0000 1920-08-01 8.00000 1920-09-01 8.00000 1920-10-01 25.0000 1920-11-01 50.0000 1920-12-01 58.0000 1921-01-01 75.0000 1921-02-01 83.0000 1921-03-01 75.0000 1921-04-01 67.0000 1921-05-01 92.0000 1921-06-01 92.0000 1921-07-01 92.0000 1921-08-01 92.0000 1921-09-01 92.0000 1921-10-01 75.0000 1921-11-01 58.0000 1921-12-01 75.0000 1922-01-01 100.000 1922-02-01 100.000 1922-03-01 100.000 1922-04-01 83.0000 1922-05-01 75.0000 1922-06-01 25.0000 1922-07-01 25.0000 1922-08-01 42.0000 1922-09-01 92.0000 1922-10-01 92.0000 1922-11-01 83.0000 1922-12-01 83.0000 1923-01-01 25.0000 1923-02-01 8.00000 1923-03-01 0.000000 1923-04-01 0.000000 1923-05-01 8.00000 1923-06-01 38.0000 1923-07-01 54.0000 1923-08-01 92.0000 1923-09-01 85.0000 1923-10-01 85.0000 1923-11-01 69.0000 1923-12-01 54.0000 1924-01-01 46.0000 1924-02-01 23.0000 1924-03-01 0.000000 1924-04-01 31.0000 1924-05-01 46.0000 1924-06-01 69.0000 1924-07-01 100.000 1924-08-01 100.000 1924-09-01 73.0000 1924-10-01 69.0000 1924-11-01 69.0000 1924-12-01 46.0000 1925-01-01 38.0000 1925-02-01 31.0000 1925-03-01 46.0000 1925-04-01 85.0000 1925-05-01 100.000 1925-06-01 92.0000 1925-07-01 85.0000 1925-08-01 69.0000 1925-09-01 46.0000 1925-10-01 54.0000 1925-11-01 23.0000 1925-12-01 8.00000 1926-01-01 8.00000 1926-02-01 15.0000 1926-03-01 46.0000 1926-04-01 69.0000 1926-05-01 38.0000 1926-06-01 77.0000 1926-07-01 31.0000 1926-08-01 8.00000 1926-09-01 38.0000 1926-10-01 25.0000 1926-11-01 25.0000 1926-12-01 33.0000 1927-01-01 33.0000 1927-02-01 50.0000 1927-03-01 67.0000 1927-04-01 50.0000 1927-05-01 50.0000 1927-06-01 67.0000 1927-07-01 50.0000 1927-08-01 50.0000 1927-09-01 50.0000 1927-10-01 42.0000 1927-11-01 25.0000 1927-12-01 75.0000 1928-01-01 75.0000 1928-02-01 83.0000 1928-03-01 58.0000 1928-04-01 50.0000 1928-05-01 25.0000 1928-06-01 58.0000 1928-07-01 46.0000 1928-08-01 42.0000 1928-09-01 42.0000 1928-10-01 58.0000 1928-11-01 50.0000 1928-12-01 67.0000 1929-01-01 42.0000 1929-02-01 50.0000 1929-03-01 50.0000 1929-04-01 42.0000 1929-05-01 33.0000 1929-06-01 25.0000 1929-07-01 8.00000 1929-08-01 0.000000 1929-09-01 8.00000 1929-10-01 33.0000 1929-11-01 25.0000 1929-12-01 25.0000 1930-01-01 42.0000 1930-02-01 17.0000 1930-03-01 42.0000 1930-04-01 0.000000 1930-05-01 17.0000 1930-06-01 8.00000 1930-07-01 25.0000 1930-08-01 8.00000 1930-09-01 42.0000 1930-10-01 50.0000 1930-11-01 25.0000 1930-12-01 42.0000 1931-01-01 17.0000 1931-02-01 17.0000 1931-03-01 33.0000 1931-04-01 58.0000 1931-05-01 67.0000 1931-06-01 8.00000 1931-07-01 8.00000 1931-08-01 0.000000 1931-09-01 8.00000 1931-10-01 11.0000 1931-11-01 0.000000 1931-12-01 0.000000 1932-01-01 0.000000 1932-02-01 12.0000 1932-03-01 19.0000 1932-04-01 25.0000 1932-05-01 50.0000 1932-06-01 50.0000 1932-07-01 62.0000 1932-08-01 25.0000 1932-09-01 62.0000 1932-10-01 50.0000 1932-11-01 44.0000 1932-12-01 12.0000 1933-01-01 62.0000 1933-02-01 75.0000 1933-03-01 75.0000 1933-04-01 75.0000 1933-05-01 75.0000 1933-06-01 62.0000 1933-07-01 50.0000 1933-08-01 50.0000 1933-09-01 38.0000 1933-10-01 50.0000 1933-11-01 75.0000 1933-12-01 88.0000 1934-01-01 75.0000 1934-02-01 75.0000 1934-03-01 19.0000 1934-04-01 25.0000 1934-05-01 25.0000 1934-06-01 38.0000 1934-07-01 12.0000 1934-08-01 75.0000 1934-09-01 50.0000 1934-10-01 100.000 1934-11-01 75.0000 1934-12-01 88.0000 1935-01-01 62.0000 1935-02-01 88.0000 1935-03-01 50.0000 1935-04-01 88.0000 1935-05-01 62.0000 1935-06-01 88.0000 1935-07-01 62.0000 1935-08-01 88.0000 1935-09-01 62.0000 1935-10-01 75.0000 1935-11-01 88.0000 1935-12-01 88.0000 1936-01-01 75.0000 1936-02-01 75.0000 1936-03-01 62.0000 1936-04-01 25.0000 1936-05-01 62.0000 1936-06-01 75.0000 1936-07-01 75.0000 1936-08-01 88.0000 1936-09-01 62.0000 1936-10-01 57.0000 1936-11-01 71.0000 1936-12-01 71.0000 1937-01-01 29.0000 1937-02-01 14.0000 1937-03-01 0.000000 1937-04-01 29.0000 1937-05-01 29.0000 1937-06-01 0.000000 1937-07-01 0.000000 1937-08-01 0.000000 1937-09-01 29.0000 1937-10-01 14.0000 1937-11-01 29.0000 1937-12-01 29.0000 1938-01-01 71.0000 1938-02-01 43.0000 1938-03-01 57.0000 1938-04-01 86.0000 1938-05-01 71.0000 1938-06-01 71.0000 1938-07-01 86.0000 1938-08-01 64.0000 1938-09-01 43.0000 1938-10-01 71.0000 1938-11-01 79.0000 1938-12-01 71.0000