Month Per Cent Expanding: Seasonally Adjusted By Nber 1919-01-01 36.2000 1919-02-01 66.7000 1919-03-01 93.3000 1919-04-01 96.7000 1919-05-01 96.7000 1919-06-01 91.9000 1919-07-01 93.5000 1919-08-01 77.8000 1919-09-01 73.0000 1919-10-01 68.7000 1919-11-01 64.2000 1919-12-01 59.7000 1920-01-01 42.6000 1920-02-01 31.9000 1920-03-01 18.8000 1920-04-01 15.9000 1920-05-01 13.0000 1920-06-01 10.1000 1920-07-01 5.80000 1920-08-01 8.70000 1920-09-01 8.70000 1920-10-01 10.1000 1920-11-01 14.5000 1920-12-01 15.9000 1921-01-01 48.6000 1921-02-01 57.1000 1921-03-01 67.1000 1921-04-01 77.1000 1921-05-01 82.9000 1921-06-01 82.9000 1921-07-01 85.7000 1921-08-01 85.7000 1921-09-01 91.4000 1921-10-01 94.3000 1921-11-01 95.7000 1921-12-01 95.7000 1922-01-01 95.7000 1922-02-01 95.7000 1922-03-01 94.3000 1922-04-01 92.9000 1922-05-01 88.6000 1922-06-01 82.9000 1922-07-01 78.6000 1922-08-01 70.0000 1922-09-01 62.9000 1922-10-01 61.4000 1922-11-01 61.4000 1922-12-01 65.2000 1923-01-01 62.3000 1923-02-01 55.1000 1923-03-01 49.3000 1923-04-01 46.4000 1923-05-01 44.9000 1923-06-01 37.7000 1923-07-01 37.7000 1923-08-01 39.1000 1923-09-01 44.9000 1923-10-01 55.1000 1923-11-01 58.0000 1923-12-01 59.4000 1924-01-01 59.4000 1924-02-01 53.6000 1924-03-01 47.1000 1924-04-01 50.0000 1924-05-01 50.0000 1924-06-01 52.9000 1924-07-01 59.7000 1924-08-01 76.1000 1924-09-01 80.6000 1924-10-01 80.6000 1924-11-01 82.1000 1924-12-01 82.1000 1925-01-01 85.1000 1925-02-01 88.1000 1925-03-01 92.5000 1925-04-01 94.0000 1925-05-01 94.0000 1925-06-01 94.0000 1925-07-01 94.0000 1925-08-01 83.6000 1925-09-01 67.2000 1925-10-01 62.1000 1925-11-01 57.6000 1925-12-01 54.5000 1926-01-01 51.5000 1926-02-01 50.0000 1926-03-01 50.0000 1926-04-01 48.5000 1926-05-01 48.5000 1926-06-01 47.0000 1926-07-01 45.5000 1926-08-01 40.9000 1926-09-01 37.9000 1926-10-01 37.9000 1926-11-01 36.4000 1926-12-01 37.9000 1927-01-01 34.8000 1927-02-01 34.8000 1927-03-01 37.9000 1927-04-01 40.9000 1927-05-01 39.4000 1927-06-01 51.5000 1927-07-01 53.0000 1927-08-01 56.1000 1927-09-01 56.1000 1927-10-01 65.2000 1927-11-01 68.2000 1927-12-01 71.2000 1928-01-01 71.2000 1928-02-01 68.2000 1928-03-01 59.1000 1928-04-01 59.1000 1928-05-01 59.1000 1928-06-01 57.6000 1928-07-01 56.1000 1928-08-01 54.5000 1928-09-01 54.5000 1928-10-01 56.1000 1928-11-01 51.5000 1928-12-01 51.5000 1929-01-01 51.5000 1929-02-01 43.9000 1929-03-01 39.4000 1929-04-01 37.3000 1929-05-01 38.8000 1929-06-01 35.8000 1929-07-01 35.8000 1929-08-01 31.3000 1929-09-01 27.7000 1929-10-01 27.7000 1929-11-01 23.1000 1929-12-01 18.5000 1930-01-01 21.5000 1930-02-01 15.4000 1930-03-01 15.4000 1930-04-01 15.4000 1930-05-01 10.8000 1930-06-01 9.20000 1930-07-01 7.70000 1930-08-01 7.70000 1930-09-01 10.8000 1930-10-01 9.20000 1930-11-01 10.8000 1930-12-01 10.8000 1931-01-01 10.8000 1931-02-01 10.8000 1931-03-01 9.20000 1931-04-01 3.10000 1931-05-01 3.10000 1931-06-01 3.10000 1931-07-01 0.000000 1931-08-01 0.000000 1931-09-01 0.000000 1931-10-01 0.000000 1931-11-01 0.000000 1931-12-01 1.50000 1932-01-01 1.50000 1932-02-01 4.60000 1932-03-01 4.60000 1932-04-01 4.60000 1932-05-01 6.20000 1932-06-01 6.20000 1932-07-01 9.20000 1932-08-01 10.8000 1932-09-01 17.2000 1932-10-01 17.2000 1932-11-01 23.4000 1932-12-01 23.4000 1933-01-01 28.1000 1933-02-01 32.8000 1933-03-01 35.9000 1933-04-01 56.3000 1933-05-01 71.9000 1933-06-01 75.0000 1933-07-01 70.3000 1933-08-01 75.0000 1933-09-01 79.7000 1933-10-01 76.6000 1933-11-01 71.9000 1933-12-01 73.4000 1934-01-01 54.7000 1934-02-01 50.0000 1934-03-01 45.3000 1934-04-01 43.8000 1934-05-01 43.8000 1934-06-01 43.8000 1934-07-01 43.8000 1934-08-01 48.4000 1934-09-01 48.4000 1934-10-01 53.1000 1934-11-01 56.3000 1934-12-01 53.1000 1935-01-01 62.5000 1935-02-01 64.1000 1935-03-01 75.0000 1935-04-01 76.6000 1935-05-01 81.3000 1935-06-01 85.9000 1935-07-01 85.9000 1935-08-01 90.6000 1935-09-01 93.8000 1935-10-01 95.3000 1935-11-01 92.2000 1935-12-01 92.2000 1936-01-01 81.3000 1936-02-01 78.1000 1936-03-01 78.1000 1936-04-01 78.1000 1936-05-01 76.6000 1936-06-01 76.6000 1936-07-01 76.6000 1936-08-01 70.3000 1936-09-01 70.3000 1936-10-01 68.8000 1936-11-01 68.8000 1936-12-01 65.6000 1937-01-01 68.8000 1937-02-01 62.5000 1937-03-01 50.0000 1937-04-01 45.3000 1937-05-01 37.5000 1937-06-01 38.1000 1937-07-01 28.6000 1937-08-01 22.2000 1937-09-01 22.2000 1937-10-01 22.2000 1937-11-01 25.4000 1937-12-01 31.7000 1938-01-01 39.7000 1938-02-01 46.0000 1938-03-01 69.8000 1938-04-01 69.8000 1938-05-01 71.4000 1938-06-01 73.0000 1938-07-01 76.2000 1938-08-01 79.4000 1938-09-01 79.4000 1938-10-01 87.3000 1938-11-01 85.7000 1938-12-01 85.7000 1939-01-01 77.8000 1939-02-01 68.3000 1939-03-01 69.8000 1939-04-01 69.8000 1939-05-01 60.3000 1939-06-01 57.1000 1939-07-01 57.1000 1939-08-01 57.1000 1939-09-01 57.1000 1939-10-01 57.1000 1939-11-01 63.5000 1939-12-01 63.5000 1940-01-01 73.0000 1940-02-01 81.0000 1940-03-01 81.0000 1940-04-01 81.0000 1940-05-01 81.0000 1940-06-01 79.4000 1940-07-01 82.5000 1940-08-01 82.5000 1940-09-01 82.5000 1940-10-01 84.1000 1940-11-01 82.5000 1940-12-01 85.7000