Production of chemicals and allied products rose during 1961 to a monthly average of about 128 on the Federal Reserve Board index (1957=100), about 5% higher than 1960′s average. The industry’s sales climbed in 1961 to almost $30 billion, up from $27.7 billion during the previous year. Both output and sales rose steadily during most of the year from the recession lows of the winter of 1960-1961. Employment during the year, however, was only slightly higher than 1960′s average of 830,000. Producers’ profits, meanwhile, caught between steadily mounting costs and lower prices, were little changed from the year before.
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