Word: indexes
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Dates: during 1930-1939
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...cars (against 102,905 last year). But Chrysler Corp., after its 54-day strike, has still to fill accumulated orders and stock its dealers. This may help sustain auto assemblies, regardless of January-April retail auto sales-and auto assemblies count 5.4% in the Federal Reserve production index...
Early in 1939 TIME began publication of its Index of Business Conditions. Since then U. S. business has had a long slow sag, a shorter slow recovery, a sudden stimulant from war, a spurt to new high levels, a leveling off. TIME herewith presents, in relation to these events, a review of the movements of its Index and of the three components (see chart) of which the Index is a composite...
Turnover. The oftener a business can turn over its goods, the better chance it has of profit. One way to check rate of turnover is to divide the gross sales of a firm by the value of its inventory. The first component of TIME'S Index is a similar ratio of turnover. It is obtained by dividing bank debits by bank loans; the result is actually a measure of turnover of borrowed capital...
...expansion, payrolls, etc.], but they are an excellent gauge of the trend of inventories, for businessmen customarily borrow when they lay in larger supplies of raw materials, customarily pay off their loans when they let inventory run off. In order to keep purely financial transactions from unduly influencing the Index-which aims to reflect general business, not merely financial conditions-the turnover component for financial centres like New York and Chicago is kept separate from the turnover component for trade centres, and the two are later combined giving the turnover in trade centres, and much more weight than that...
Trade centre turnover and the Federal Reserve Board production index again moved roughly parallel during the next period in which business began to take hope of autumn improvement. But in August the two parted company for the rest of the year, for in that month the production index practically ceased rising; then the sudden impact of war sent it zooming skyward to a November peak (preliminary estimate: 125, well above its recovery high, just equaling its all-time 1929 peak...