ECONOMIC STATISTICS--FEBRUARY, 1971:









 

   


 

  •    For the month ending on February 28, 1971 in the United States of America the United States Department of Labor's consumer priice index stands at 119.4% of its 1967 base, and this is an increase of 4.8% from its level for February, 1970-the slimmest year-to-year gain in two years. The February, 1971 gain is also up by 0.2% from last month without seasonal adjustment, exceeding January's 0.1% increase on this basis.  (SOURCE:  Wall Street Journal, March 22, 1971, page 26).
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  •      For the month ending on February 28, 1971 in the United States of America total business inventories rose slightly, according to figures which will be released on April 13, 1971 by the U. S, Department of Commerce. The rise for February, seasonally adjusted, is US$340 mi;lion. Manufacturing and trade sales were up by about US$1 billion, or 1%, so the important ratio of inventories to sales fell slightly once again, to 1.56. February's inventory increase is accounted for by the retail trade sector, mainly by further restocking by auto dealers after the recent General Motors strike.  (SOURCE:  New York Times, April 14, 1971, pages 59 and 69).

 


 

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