Full text of The National Income and Product Account : First Quarter 1949

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Wlontki

BUSINESS STATISTICS

THE DATA here are a continuation of the statistics published in the 1947 Statistical Supplement to the SURVEY OF CURRENT BUSINESS.
That volume contains monthly data for the years 1941 to 1946, and monthly averages for earlier years back to 1935 insofar as available; it also
provides a description of each series and references to sources of monthly figures prior to 1941. Series added or revised since publication of the
1947 Supplement are indicated by an asterisk (*) and a dagger (t), respectively, the accompanying footnote indicating where historical data and
a descriptive note may be found. The terms "unadjusted" and "adjusted" used to designate index numbers refer to adjustment of monthly
figures for seasonal variation.
Data subsequent to April for selected series will be found in the Weekly Supplement to the Survey.
Unless otherwise stated, statistics through
1946 and descriptive notes may he found in
the 1947 Supplement to the Survey

1949

1948

April

May

June

July

August

September

October

November

December

Janu-ury

February

March

April

GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCTf
Seasonally adjusted quarterly totals at annual rates:
National income, total _
bil. ofdol_.
Compensation of employees, total
do
Wages and salaries, total
do
Private
do
Military
_ do
Government civilian
do
Supplements to wages and salaries. __ do
Proprietors' and rental income, total
do
Business and professional . ._
_ do
Farm
do
Rental income of persons...
do.._
Corporate profits and inventory valuation adjustment, total
bil. of dol
Corporate profits before tax, total
_do__-Corporate profits tax liability
__.do__-Corporate profits after tax
_do_.-Inventory valuation adjustment.
_do_.-Net interest
do__--

222.3
136 3
131.3
113.2
3. 5
14.6
50
51.6
25 3
18.9
7.4

228.2
142 4
137.4
118.2
3 5
15.6
51
50.6
25 2
18.1
7.4

235.6
144 7
139.6
119.6
3.7
16.2
5.1
51.4
25/6
18.4
7.4

29.6
32.1
12.5
19.6
—2.5

34.3
34.7
13 5
21.2

4.8

30.2
34.0
13.3
20.8
—3.9
50

52

53

Gross national product, total
do
Personal consumption expenditures,total__do
Durable goods
do
Nondurable goods
_ do __
Services
do
Gross private domestic investment
do
New construction.
do
Producers' durable equipment .
do
Change in business inventories
do
Net foreign investment
do
Government purchases of goods and services,
total
bil. of dol...
Federal (less Government sales)
._ do _
State and local
do

251.9
177.3
22.8
103.7
50.8
38.0
14.4
21.0

258.1
180.1
23.7
104.3
52 1
40.2
14.8
21 9
3.5
o

264 9
181 0
22 9
105 1
53 0
42 8
14 7
22 7
53
4

255.9
176.6
21 5
101 4
53 7
37 7
13.5
22 0
2 2
1.5

33.9
19. 1
14.8

38.2
22 7
15.5

41 5
25 2
16 3

40.1
23 5
16.7

Personal income, total
I ess* Personal tax and nontax payments
Equals: Disposable personal income
Personal savings§

210.8
20.6
190.2
12.9

216. 3
20.0
196.2
16.1

2.6
2.7

do
do
do
do

_

141.9
136.8
116.9
3.7

16.2
51
50.0
24 9
17 7
7.4

1.9

—.4

219
20
199
18

216 6
18.8
197.8
21.2

6
2
4
4

PERSONAL INCOME BY SOURCE?
Seasonally adjusted, at annual rates:
Total personal income
___bil. of dol_.
Wage and salary receipts, total
do
Employer disbursements, totaldo __
Commodity-producing industries
do
D istributi ve industries
do
Service industries
do
GoverrinifiTit
do
Less employee contributions for social insurance
bil. of dol
Other labor income
do
Proprietors' and rental income
_ do ..
Personal interest income and dividends do
Total transfer payments __
do __
Total nonagricultural income

_..do

208.6
126.8
128.8
57.3
37.8
15.9
17.8
2.0
2.0

51.2
16.7
11.9
185.3

209.2
129.0
131.0
58.5
38.6
15.9
18.0

214.4
131.4
133. 6
60.4
38.8
16.1
18.3
2.2
2.0

2.0
2.0

50.4
16.8
11.0
186.6

r

53.0
16. 9
11.1

189.7

214.8
133.4
135.6
60.9
39.5
16.4
18.8
2.2
2.1

216.7
135. 9
138.0
62.3
40.0
16.5
19.2
2.1
2.1

217.3
136.7
138.9
63.0
40.0
16.4
19.5
2.2
2.1

218.5
137. 6
139.6
63.0
40.2
16.6
19.8
2.1
2.1

51.7
17.0
11.1

50.3
17.3
11.1

50.4
17.5
10.6

50.7
17.8
10.4

191.3

193.8

195.0

195.6

219.9
138.0
140.1
63.8
39.7
16.6
20.0
2.1
2.1

51.4
18.1
10.3
196.3

221.0
137.7
139.9
63.6
39.8
16.6
19.9
2.2
2.1

219.2
136.3
138.6
62.1
39.9
16.6
20.0
2.3

216.3
134.7
136.9
61.5
39.0
16.5
19.9

'
214. 6
r
132. 7
r
134. 9
'59.5
'38.9
'16.7
r
!9.8

2.2
2.1

52.1
18.4
10.7

21
51.4
18.3
11.1

49.7
18.3
11.5

197.4

195.4

194.1

r

213.7
133. 2
135.3,
59.1
39.7
16.7
19.8

'49. 1
18.3
'12.4

2.2
2.1

2.1
2.1
48.0
18.2
12.2

193. 1

193.3

NEW PLANT AND EQUIPMENT EXPENDITURES
4,820
4,830
4,680
5,410
All industries, total
mil. of dol
720
640
690
850
Electric and gas utilities
do
2,140
2,090
1,940
2,320
Manufacturing
do
200
200
220
180
Mining
do
310
320
390
410
Railroad
do
170
190
160"
170
Other transportation
do
1,340
1,360
1,440
1,290
Commercial and miscellaneous
do
r
Revised.
§ Personal savings is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.
t Revised series. Estimates of national income, gross national product, and personal income have been revised beginning 1944; see pp. 27-29 of the July 1948 Survey for the revised figures.
839601°—49

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