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SURVEY OF CURRENT BUSINESS October 1947 S-l Monthly Business Statistics The data here are a continuation of the statistics published in the 1942 Supplement to the SURVEY OF CUREENT BUSINESS. That volume contains monthly data for the years 1938 to 1941, and monthly averages for earlier years back to 1913 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1938. Series added or revised since publication of the 1942 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 August for selected series will be found in the Weekly Supplement to the Survey. Unless otherwise stated, statistics through 1941 and descriptive notes may be found in the 1942 Supplement to the Survey 1947 1946 August September October November December January February March April May June July August GENERAL BUSINESS INDICATORS NATIONAL INCOME AND PRODUCT * Seasonally adjusted quarterly totals at annual rates: National income bil of dol Compensation of employees do Wages and salaries do Private do Military do Government civilian do Proprietors' and rental income Business and professional Farm do do do Corporate profits and inventory valuation adjustment bil of dol Corporate profits before tax do Corporate profits tax liability do Corporate profits after tax do Inventory valuation adjustment do Net interest do Gross national product do Personal consumption expenditures 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 bil of dol Federal do State and local do Personal income do Less: Personal tax and nontax payments do Disposable personal income do Personal savings § do 179 9 119 2 113 6 93.8 6 7 13.2 55 41.9 19.9 15.2 6 8 191.0 122 2 117. 1 98.0 56 13.5 51 46.7 22.0 17.8 7 0 197.6 124 9 119.4 101.5 4 6 '13.3 5 4 47.0 22.4 17.6 7 0 199.4 125.8 120.3 103.0 4.1 13.1 5.5 47.0 21.8 18.0 7.2 15 6 22.9 9.3 13.5 —7.3 3. 2 207.5 147.3 16.2 88.9 42.1 27 0 8.9 13.2 4.9 4.5 18.8 27. 1 11.0 16. 1 —8.3 3.2 218.6 154.9 18.2 93.6 43.1 30.4 9.3 15.7 5.4 5.2 22 4 29.0 11.6 17.4 -6.6 33 222. 2 156 8 19.0 94 0 43.8 29 6 10.3 16.6 27 9.2 23.3 27.4 10.8 16.6 -4.1 3.3 226.0 159.0 20.0 95.0 44.0 28.8 9.5 17.8 1.5 10.6 28.6 18.2 10.4 179.5 19.1 160.4 13.1 28.2 16. 9 11.2 187.5 19.5 168.0 13.1 26.6 17 7 11.2 190 9 21.4 169.4 12.6 27.6 17.7 11.7 191.6 21.6 170.0 11.0 PERSONAL INCOME* Seasonally adjusted, at annual rates: Total personal income. bil. of dol Wage and salary receipts, total do. __ Total employer disbursements do Commodity-producing industries do Distributive industries do Service industries do Government 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 180.9 112.3 114.2 48.5 31.9 14.0 19.8 178.5 113.0 114.8 49.4 31.8 14. 1 19.5 184.0 113.6 115.4 49.5 32.0 14.2 19.7 188.4 115.4 117.2 50.6 33.0 14.4 19.2 189.9 117.0 118.8 52.3 33.5 14.4 18.6 190.3 117.1 119.2 53.1 33.5 14.6 18.0 190.7 117.5 119.6 53.2 33.7 14 6 18 1 191.8 117.5 119.6 53.7 33. 7 14 6 17 6 190.2 116.7 118.9 53.2 33 4 14 8 17 5 191.5 118.3 120.4 54.1 34.2 14 9 17 2 195.1 121.1 123.2 55.5 35.3 15 2 17.2 ' 196. 1 ' 123. 3 '55.1 ' 35. 5 'r 15.4 17.3 194.4 122.1 124.2 56.0 35.7 15.3 17.2 1.9 1.6 42.9 13.3 10.8 160.5 1.8 1.6 39.5 13.3 11.1 162.0 1.8 1.6 45.3 13.3 10.2 162.7 1.8 1.6 47.6 13.5 10.3 165.6 1.8 1.6 47.2 13.7 10.4 167.3 2.1 1.6 46.6 13.9 11.1 168.2 2.1 1.7 46.8 14.0 10.7 168.5 2.1 1.7 47.7 14.0 10.9 168.8 2.2 1.7 46.9 14.0 10.9 167 8 2.1 1.8 46.9 14.0 10.5 169.2 2.1 1.8 47.6 14.1 10.5 171.9 2.1 1.8 '47.8 '14.2 11.1 ' 172. 3 2.1 1.8 45.8 14.2 10.5 172.6 '121.2 NEW PLANT AND EQUIPMENT EXPENDITURES* All industries, total Electric and gas utilities _ - . _ _ _ Manufacturing and mining Railroad Commercial and miscellaneous mil. of dol do do do do 3,310 280 1,810 160 1,070 3,730 360 1,920 180 1,280 3 160 330 1 600 160 1 080 ' 3, 940 '450 ' 2, 010 '220 ' 1, 260 FARM INCOME AND MARKETINGS Cash farm income, total, including Government r r r 2,123 3,401 2,999 2,438 ' 2, 284 ' 1, 897 payments* mil. of dol 2,388 2 076 ' 2 211 1 974 2, 026 2,110 2,986 2,420 ' 2, 248 ' 1,r 853 From marketings and C, C. C. loans* do 2,325 3,386 r 1, 989 ' 2, 185 2, 505 ••2,010 ' 1,914 2,657 r 1,108 1,862 1,450 999 Crops* __ . _ _.do 1,211 '692 '621 r 743 1,187 ••918 594 1,205 707 r Livestock and products* . do 899 1,524 1,421 1,217 1,536 ' 1, 330 ' 1, 146 ' 1 442 1, 318 1 452 1,318 * 1 320 ' 1, 368 T r 342 Dairy products* do 370 343 315 317 '345 330 '379 '392 382 353 '292 345 r r r r 302 612 933 829 Meat animals* do 875 807 743 667 ' 705 ' 782 711 726 785 Poultry and eggs* do 211 274 236 288 266 '187 '224 232 '234 251 '181 '236 '261 ' Revised. § Personal savings is the excess of disposable income over personal consumption expenditures shown as a component of gross national product above. * New series. Quarterly data for 1939-46 and annual data beginning 1929 for national income and gross national product and monthly data for 1929-46 for personal income are published in the National Income Supplement to Survey of Current Business", which is available from the Superintendent of Documents, Washington, D. C., for 25 cents; these series are compiled by the U.S. Department of Commerce. For source and a brief description of the series on plant and equipment expenditures, see note marked on p. S-3 of the September 1947 Survey. Revisions for January 1945-May 1946 for farm income are available on request; see note in September 1947 Survey regarding earlier data. 4 Digitized for758460°—47 FRASER