1963 Census of Mineral Industries, Vol. 3

Download or read book 1963 Census of Mineral Industries, Vol. 3 written by U. S. Bureau Of The Census and published by Forgotten Books. This book was released on 2018-03-23 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from 1963 Census of Mineral Industries, Vol. 3: Indexes of Production In preparing the production indexes for other mining industries, a similar allowance was considered as an addition to the shipment figure. The allowance considered was capital expenditures minus purchased machinery installed. For some industries this might have made a more appropriate adjustment but in others there were good grounds to question the adjustment. Consequently, the estimates presented here, aside from industry 1311, are based on net shipments. Supplemental indexes, however, were calculated with the development cost adjustment and are shown in table 7, with the shipment indexes for comparison purposes. The production indexes provide benchmarks for ad - justing monthly and annual product and industry data available from other less comprehensive sources. A major use is to furnish a standard to determine output changes for individual series and subtotals in the Federal Reserve monthly industrial production index. In a forthcoming revision, the Federal Reserve Index will be adjusted to the 1958 and 1963 benchmarks observing such differences in classification, scope, and weights as are appropriate. The Census production indexes and related series will also serve other purposes in the broad areas of analysis of national economic growth and cyclical changes, including studies bearing on the use of labor, materials, and power resources, plant capacity, and on price and wage changes. While reliable series are regularly available on oil and gas production and bituminous coal, to name the two largest industries, comparable data on cost of well drilling and on a large number of industries in metal mining and nonmetallic minerals are not elsewhere available in the detail provided here. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.