Word: year-ago
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...economy-minded member of Congress might well wonder whether it was just a dream. Despite all the battle cries that rang out on Capitol Hill, despite all the warlike swings of economy axes, that same federal budget now looms a cool billion bigger than President Eisenhower's year-ago estimate of $71.8 billion...
...Construction contracts in April dropped 9% below the year-ago level, reported F. W. Dodge Corp., yet 1957's four-month total of $10.3 billion in new contracts is just about equal to 1956's alltime peak...
During the first four months U.S. imports were 4.3% heavier than they were last year. Again, Europe showed the biggest gain, selling $568,568,000 in the U.S., a gain of better than $100 million over year-ago volume. Imports from Canada went up $43 million, to $579,853,000, while Asia, Australia and New Zealand sold $480,510,000 worth of products here, v. $463,968,000 a year ago. The only drop was in imports from Latin America (most of the decline was caused by lower coffee prices) and Africa...
Last week the Commerce Department's index of wholesale industrial prices (nonfarm, nonfood products) showed the amazing stability of current industrial prices. The new figure of 115.7 (1947-49 = 100) was the same as a month before and only 1.2 points above the year-ago level...
...Commerce Department reported that manufacturers' new orders rose $800 million, to $24.7 billion in December, a thumping $3.3 billion above the year-ago figures. And helped by a $453 million rise in consumer installment credit, to a record $22.5 billion, the goods were moving off retailers' shelves. In January, eight of the ten top New York department stores reported "extraordinary" sales, up an average 7.5% from last year...