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BUSINESS STATISTICS J.HE 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 (f), 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 July for selected series will be found in the Weekly Supplement to the Survey. Unless otherwise stated, statistics through 1946 and descriptive notes may be found in the 1947 Supplement to the Survey 1949 1948 July August September October November December January February March April May June July GENERAL BUSINESS INDICATORS NATIONAL INCOME AND PRODUCT! Seasonally adjusted quarterly totals at annual rates: National income, total _ _ _ _ bil. of dol 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 230 4 143.3 138.3 118.6 3.9 15.7 5.0 49.9 24.5 18.8 6.6 234.3 144. 9 139.8 119.6 4.1 16.1 5.0 49.7 24.5 18.5 6.7 225 3 142.5 137.5 117.2 4.1 16.2 5 0 47.8 24.0 37.1 6.7 141 7 136.6 116.0 4 0 16.5 51 46.7 24.1 15 9 6.7 33.3 36.6 14.4 22.2 —3.3 3.9 35.7 34.5 13.6 20.9 1.2 4.1 30.8 28.4 11.2 17.3 2.3 4.2 4.7 4.3 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 266.5 180.3 24.8 101.8 53.7 47.1 18.7 21.0 7.4 —.1 270.3 180. 9 22.9 103.3 54.8 48.0 17.9 21.2 9.0 1.0 262 5 177.9 22.5 99.9 55.4 41.9 16.8 21.0 4.1 .6 256.1 178.2 23.6 98.7 55.9 34.0 16.5 20.3 —2.8 .8 39.2 22.8 16.4 40.3 23.4 16.9 42.1 25.1 17.0 43.1 25.4 17.7 Personal income total Less' Personal tax and nontax payments 215.4 20.2 195.2 15.0 216.6 20.4 196.2 15.3 213. 7 18.7 195.0 17.1 212.9 18.7 194.2 16.0 do do _ _ __ " . PERSONAL INCOME BY SOURCEf Seasonally adjusted, at annual rates: Total personal income bil. of dol.. Wage and salary receipts, total _ _ do Employer disbursements, total 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 214.5 134.6 136.8 60.7 39.8 16.9 19.4 215.4 136.5 138.7 61.9 40.2 16.9 19.7 216.3 137.7 139. 9 62.8 40.4 16.7 20.0 216.3 138.1 140.3 62.7 40.4 16.9 20.3 216.6 137.5 139.7 62.7 39.8 16.9 20.3 217.0 137.1 139. 4 62.3 40.0 16.9 20.2 215.7 136. 6 138.9 61.4 40.2 17.0 20.3 212.9 135.0 137.3 60.6 39.5 16.9 20.3 212.4 133.5 135.8 58.9 39.4 17.1 20.4 212.5 134.7 136.8 58.6 40.5 17.1 20.6 2.2 2.0 50.8 16.0 11.1 2.2 2.0 49.5 16.3 11.1 2.2 2.0 49.4 16.5 10.7 2.2 2.0 49.0 16.8 10.4 2.2 2.0 49.8 16.9 10.4 2.3 2.0 50.3 16.9 10.7 2 3 2.0 49.0 17.0 11.1 2.3 2.1 47.2 17.1 11.5 2.3 2.1 47.3 17.1 12.4 2.1 2.1 46.3 17.2 12.2 190.2 192.0 193.3 192. 9 192.8 193.6 192.6 191.7 191.4 192.3 ' 213. 1 ' 135. 0 ' 137. 2 58.3 '41.1 17.3 20.5 2.2 2.1 46.7 17.3 12.0 ' 192. 6 ' 212. 4 ' 134. 0 ' 136. 3 '58.3 MO. 4 17.1 20.5 209.7 133.7 135.9 58.1 40.2 17.0 20.6 2.3 2.2 '46.8 '17.3 12.1 2.2 2.1 44.5 17.3 12.1 ' 191. 8 191.1 NEW PLANT AND EQUIPMENT EXPENDITURES All industries total mil of dol Manufacturing i do f"I~ ~~ - - - - - r'/vmmAvfticil'ta-n/1Tnlo^nfloVin^nc f\f\ 4,830 690 2,090 200 320 170 1.360 5,410 850 2,320 220 410 170 1.440 4,460 680 1,850 190 360 130 1.260 14.820 1 810 i 1, 960 1200 1410 i 140 11.300 ' Revised. i Estimates based on anticipated capital expenditures of business. § Personal savings is excess of disposable income over personal consumption expenditures shown as a component of gross national product above. t Revised series Quarterly estimates of national income, gross national product, and personal income have been revised beginning 1939; monthly estimates of personal income have been revised beginning 1942; see pp. 26-31 of the July 1949 Survey for the revised figures. Survey of Current Business 849818°—49 4 September 1949 S-l