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SUKVEY OF CURRENT BUSINESS

June 1970

11

NATIONAL INCOME AND PRODUCT TABLES
1968

IV

1968

1970

1969

II

III

IV

1968

1969

IV

1968

Seasonally adjusted at annual rates

II

1970
III

IV

Seasonally adjusted at annual rates

Billions of current dollars

Billions of 1958 dollars

Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)

Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential structures
Nonfarm
Farm

-

--

Change in business inventories, ._
Nonfarm
Farm

- --

942.8

952.2

959.6

707.6

727.5

718.5

723.1

726.7

730.6

729.8

724.3

572.8

579.8

589.5

600.4

452.6

466.1

457.6

462.9

466.2

466.5

468.6

471 7

89.8
243.6
242.6

86.3
234.3
230.1

88.4
238.6
235.0

90.6
242.1
240.1

89.8
245.1
244.9

90.4
248.7
250.3

89.4
255.4
255.6

80.7
196.9
175.0

84.9
199.4
181.8

82.7
197.2
177.7

84.3
199.3
179.3

85 9
199 3
181.0

84.7
199.3
182.5

84.8
199.6
184. 2

83 3
202 8
185 5

139.4

133.9

135.2

137.4

143.3

141.8

135.0

105.7

111.8

110.9

109.9

110.8

114.3

112.2

104 9

131.4

123.4

128.6

130.5

132.5

134.0

134.2

99.1

104.8

101.4

104.0

104 8

105.0

105.5

104 3

99.2
33.4
65.8

91.5
30.1
61.4

95.3
32.3
63.0

97.8
32.1
65.7

101.1
34.7
66.4

102.5
34.5
68.0

104.0
35.6
68.5

75.8
22.7
53.2

81.4
24.0
57.4

77.3
22.9
54.4

79.4
23.9
55.5

81.0
23 3
57.7

82.4
24.6
57.8

82.8
24.3
58.6

82.8
24.7
58.1

30.2
29.6

32.2
31.7

31.9
31.4

33.3
32.8
.5

32.7
32.2
.5

31.4
30.9
.5

31.6
31.0
.5

30.2
29 7

23.3
22.8

23.4
23.0

24.1
23.7

24.6
24.2

23 8
23.4

22.6
22.2

22.7
22.3

21.5
21.1

7.3
7.4
—.1

Gross private domestic investment

924.8

562.0

88.8
29.3
59.5

-

908.7

550.7

119.0

Durable goods
Nondurable goods
Services

892.5

576.0

126.3

-

932. 1

83.3
230.6
222.8

-

865.7
536.6

Gross national product.
Personal consumption expenditures

8.0
7.8
.2

10.5
10.7
—.2

6.6
6.6
.0

6.9
6.7
.2

10.7
10.3
.4

7.7
7.4
.4

8
4
4

6.6
6.7
-.1

6.9
6.7
.2

9.6
9.8

5.9
5.9
.0

6.0
58
.2

9.3
8.9
.4

6.7
64
.3

.6
.3
.3

_

_

_

Government purchases of goods and services
Federal.
National defense
Other

._

State and local

2.1

1.2

1.5

1.6

2.7

2.7

3.0

.9

.0

-.2

— .3

— .5

.4

.5

.9

50.6
49.4

47.6
46.1

57.1
55.5

57.8
55.2

58.6
55.9

60.8
57.8

45.6
44.7

48.0
48.0

45.5
45.7

41.9
42.2

50 4
50 8

50.2
49.8

49.7
49.2

51.5
50.6

200.3

. -- _

55.3
53.2
214.6

206.7

210.0

212.9

217.0

218.3

221.2

148.4

149.7

150.2

150.6

150.2

149.4

148.4

146.7

99.5
78.0
21.5

101.9
79.2
22.7

101.9
79.3
22.5

101.6
79.0
22 6

100 6
78 5
22 1

103.2
80.3
22 9

102.3
79.2
23 1

102.3
78.9
23 3

78.9

76.0

79.4

78.3

76 3

75.5

73 9

71.2

100 7

Exports
Imports

2.5

50.6
48.1

Net exports of goods and services

112 7

104 8

108 5

112 3

113 8

116 0

118 9

69 5

73 7

70 8

72 3

73 9

73 9

74 6

75 5

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
Gross national product.. .

865.7

932.1

892.5

908.7

924.8

942.8

952.2

959.6

707.6

727.5

718.5

723.1

726.7

730.6

729.8

724.3

Final sales ._Change in business inventories

858.4
7.3

924.1
8.0

882,0
10.5

902.1
6.6

917 9
69

932 0
10 7

944 5
77

958 9
g

701.0
6.6

720.6
6.9

709.0
9.6

717.2
5.9

720 7
60

721.3
9.3

723.1
6.7

723.6
.6

431.1

459 8

443.5

447.9

456.5

465.9

468 8

467 1 381.3

392.7

388.2

389.1

391.6

395.9

394.2

387.9

423.7
7.3

451.8
8.0

433.0
10.5

441 3
6.6

449 6
69

455 2
10 7

461 1
7.7

466 3
g

374 7
6.6

385.8 378.7 383.2
5.9
6.9 ' 9.6

385 7
60

386.6
9.3

387.5
6.7

387 3
.6

176.7
171 4
5.3

191.7
186 2
5.5

184.0
176 6
7.4

186 4
181 6
4 8

190 3
185 5
4 9

195 4
187 8
76

194 6
189 9
4 7

188.7
190.1
-1.3

162 8
158 0
4 7

171 9
167 2
47

167.8
161 2
6 5

169.0
164 8
4.2

171 4
167 3
41

174.7
168 1
6.6

172.6
168 6
4.0

165.8
167.0
-1.2

254 4
252 3
2.0

268 1
265 6
2.5

259 5
256 4
3.1

261 5
259 7
18

266 2
264 1
21

270 5
267 4
31

274 2
271 2
30

278 3
276 2
2.1

218 6
216 7
1.9

220 8
218 6
2 2

220 5
217 5
3.'0

220 2
218 4
1.7

220 2 221.2
218 4 218 5
2.7
19

221.5
218 9
2.6

222.1
220.2
1.8

347.5

377 4

358.5

365 8

373 4

381 6

388 6

397.3

259 9

267 1

262.7

264.6

267 0

267.6

269.3

270.6

87.1

95 0

90.6

94.9

94 8

95.3

94 8

95 2

66.4

67 7

67.5

69.3

68.0

67.1

66.3

65.8

726 7

730.6

729.8

724.
662.

Goods outputFinal sales
Change in business inventories

_ ._

Durable goods..
Final sales
Change in business inventories
Nondurable goods
Final sales
_
Change in business inventories

__ _

Services
Structures

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product

865.7

Private
Business
Nonfarm
Farm ...

932 1

892.5

908.7

924 8

942.8

952 2

959 6

707.6

727 5

718.5

723.1

770-5
_

Households and institutions
Rest of the world
General government. _.




-^

828 0

794 0

808 5

822 7

836 5

844 3

847 8

647 9

666 5

658 3

662 6

665 8

669.4

668.2

740 6
715 7
24 9

795 3
768 3
27 0

763 1
738 4
24 7

776 7
751 1
25 7

790 5
763 0
27 6

803 6
775 9
27 7

810 3
783 3
26 9

812 3
784 4
97 Q

627 5
604 2
23 3

645 2
621 7
23 5

637 5
614 6
22 9

641 5
617 8
23 7

644 8
621 1
23 7

648 2
624 1
24 1

646 5
624.0
22 6

639. (
616.
23

25 2

28 6

26 0

27 2

28 3

28 9

30 0

31 1

15 9

17 3

16 2

16 8

17 2

17.4

17.8

18.1

4 7

4,1

4 9

4 5

39

41

4 0

4 3

4 5

39

4 6

4 3

37

39

3.8

4.

95.2

104.1

98.5

100.2

102.1

106.2

108.0

111.8

59.7

61.0

60.2

60.5

60.9

61.1

61.6

62.

CURRENT BUSINESS STATISTICS

J.HE STATISTICS here update series published in the 1969 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $3.00) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1965 through 1968 (1958-68 for major quarterly series), annually, 1939-68; for selected series,
monthly or quarterly, 1947-68 (where available). Series added or significantly revised after the 1969 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (f), respectively; certain revisions for 1968 issued too late for inclusion in the 1969 volume appear in the monthly
SURVEY beginning with the September 1969 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding
to revised annual data are available upon request.
The sources of the data are given in the 1969 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and
are also listed alphabetically on pages 189-90.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely.
Data from private sources are provided through the courtesy of the compilers, and are subject to their copyrights.
1967

Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown in
the 1969 edition of BUSINESS STATISTICS

1968

1967

1969
I

II

1969

1968
III

IV

I

II

III

| IV

I

11

1970
III

IV

I

942.8

952.2

959.6

579.8

589.5

600.4

89.4
38.3
37.3

Annual total
Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
Gross national product, total

bil $

Personal consumption expenditures, total

do

Durable goods total 9
do
Automobiles and parts
_
_
do
Furniture and household equipment.. _.do__.
Nondurable goods total 9 Clothing and shoes
Food and beverages
Gasoline and oil
Services total 9
Household operation
Housing
- Transportation

-

--do _
-do
do
- -do

-- -- -___

do
do
do
_ _ _ _ -- d o

793 5
492 3

865 7
536.6

932 1
576.0

774 2
480 9

783 5
489 8

800 4
495 7

816 1
502 6

835 3
520 6

858 7
530 3

876 4
544 9

892 5
550 7

908 7
562 0

924.8
572.8

73 0
30 5
31.3

83 3
37.0
34.2

89.8
40.4
36.0

70 0
28 4
30 7

73 5
31 3
31.2

73 3
30 9
31 2

75 2
31 2
32 2

79 5
34 8
33 4

81 8
35 6
33 8

85 8
38 6
35 0

86 3
39 0
34 6

88 4
39 4
35.5

90.6
40.0
36.8

89.8
40.8
35.8

90.4
41.3
35.8

215 1
42 5
108 1
17 7

230.6
46.3
115 0
19.1

243.6
49.9
119.8
21.3

213 2
41 7
107 8
17 3

214 4
42.6
107 6
17 5

215 8
42 9
108 1
17 9

216 8
42.7
108 9
18 1

226 1
45 0
112 6
18 9

228 5
45 6
114 8
18 8

233 3
47 4
116 1
19 5

234 3
47.3
116 4
19 5

238 6
48.1
118 4
20 4

242.1
50.0
119.1
21.0

245.1
50.8
119 9
21.8

248.7
50.8
121.7
22.0

255.4
51.0
125.9
22.8

204.2
29 1
71.8
14.7

222 8
31.2
77.4
16.1

242.6
33.5
83.7
17.5

197 7
28 2
70.1
14 4

201.8
29 0
71.1
14.5

206.6
29 3
72.3
14.8

210.6
30 1
73.7
15.0

215.1
30 5
75.2
15.5

220 0
30 7
76.7
15.9

225.8
31 6
77.9
16.3

230.1
31 9
79.8
16.5

235. 0
32 7
81.3
17.1

240.1
33.1
82.8
17.3

244.9
33.9
84.4
17.7

250.3
34.1
86.4
17.9

255.6
35.0
88.3
18.4

Gross private domestic investment, total

do

116.0

126.3

139.4

113.6

109.4

117.7

123.3

119.4

126.6

125.2

133.9

135.2

137.4

143.3

141.8

135.0

Fixed investment
Nonresident ial
Structures
Producers' durable equipment
Residential structures
Nonfarm
Change in business inventories
Nonfarm
_.
-

do
-do
do
_do._ _
- -.do
do__ _
do_ __
-do

108.6
83.7
27.9
55.7
25.0
24.4
7.4
6.8

119.0
88.8
29.3
59.5
30.2
29.6
7.3
7.4

131.4
99.2
33.4
65.8
32.2
31.7
8.0
7.8

104.7
83.3
29.0
54 2
21.4
20.9
90
9.1

106.1
83.0
27.2
55.8
23.1
22.5
3.4
3.0

109.9
83.5
27.8
55.7
26.5
25.9
7.8
7.0

113.8
85.0
27.8
57.2
28.8
28.3
9.5
8.0

117.7
89.1
29.8
59.4
28.6
28.0
1.6
1.3

116.7
86.4
28.3
58.1
30.3
29.7
9.9
10.3

118.0
88.1
29.0
59.1
29.9
29.4
7.2
7.5

123.4
91.5
30.1
61.4
31.9
31.4
10.5
10.7

128.6
95.3
32.3
63.0
33.3
32.8
6.6
6.6

130.5
97.8
32.1
65.7
32.7
32.2
6.9
6.7

132.5
101.1
34.7
66.4
31.4
30.9
10.7
10.3

134.0
102.5
34.5
68.0
31.6
31.0
7.7
7.4

134.2
104.0
35.6
68.5
30.2
29.7
.8
.4

do
do
- do_

5.2
46.2
41.0

2.5
50.6
48.1

2.1
55.3
53.2

5.4
45.8
40.4

5.8
45.9
40.1

5.6
46.3
40.7

3.8
46.7
42.8

1.9
47.7
45.9

3.4
50.7
47.3

3.6
53.4
49.7

1.2
50.6
49.4

1.5
47.6
46.1

1.6
57.1
55.5

2.7
57.8
55.2

2.7
58.6
55.9

3.0
60.8
57.8

Govt. purchases of goods and services, totaL.do
Federal
__do_ _
National defense
.
.
do
State and local
do

180.1
90.7
72.4
89.3

200.3
99.5
78.0
100.7

214.6
101.9
79.2
112.7

174.2
87.8
69.9
86.4

178.5
90.3
71.9
88.1

181.3
91.3
73.0
90.0

186.4
93.5
74.6
92.9

193.4
96.3
76.1
97.1

198.4
99.0
77.9
99.4

202.5
100.9
78.8
101.7

206.7
101.9
79.3
104.8

210.0
101.6
79.0
108.5

212.9
100.6
78.5
112.3

217.0
103.2
80.3
113.8

218.3
102.3
79.2
116.0

221.2
102.3
78.9
118.9

By major type of product:
Final sales total
Goods, total
. - _ ..
Durable goods
Nondurable goods. - _ _ _
Services
Structures

do
do._ _
do_
do__ _
do.
do

786.2
391.0
157.0
234.1
316.7
78.4

858.4
423.7
171.4
252.3
347.5
87.1

924.1
451.8
186.2
265.6
377.4
95.0

765.2
382.5
151.9
230.7
306.4
76.3

780.2
392.5
158.3
234.2
312.0
75.6

792.6
393.3
157.7
235.5
320.1
79.3

806.6
395.8
160.0
235.9
328.4
82.4

833.6
412.8
166.4
246.5
335.0
85.8

848.8
419.3
168.9
250.4
343.4
86.0

869.2
429.9
173.7
256.1
353.2
86.1

882.0
433.0
176.6
256.4
358.5
90.6

902.1
441.3
181.6
259.7
365.8
94.9

917.9
449.6
185.5
264.1
373.4
94.8

932.0
455.2
187.8
267.4
381.6
95 3

944.5
461.1
189.9
271.2
388.6
94.8

958.9
466.3
190.1
276.2
397.3
95.2

do
do__ .
do.

7.4
3.9
3.5

7.3
5.3
2.0

8.0
5.5
2.5

9.0
4.2
4.7

3.4
1.5
1.8

7.8
4.4
3.4

9.5
5.6
3.9

1.6
1.9
-.3

9.9
6.8
3.1

7.2
5.1
2.1

10.5
7.4
3.1

6.6
4.8
1.8

6.9
4.9
2.1

10.7
7.6
3.1

7.7
4.7
3.0

.8
-1.3
2.1

Net exports of goods and services...
Exports
.
Imports

Change in business inventories
Durable goods
_ Nondurable goods

.

GNP in constant (1958) dollars
bil $

674.6

707.6

727.5

666 5

670.5

678.0

683.5

693.3

705.8

712.8

718.5

723.1

726.7

730 6

729.8

724.3

do

430.3

452.6

466.1

424.4

430.5

431.9

434.3

445.6

449.0

458.2

457.6

462.9

466.2

466.5

468.6

471.7

72.8
190.3
167.2

80.7
196.9
175.0

84.9
199.4
181.8

70.3
190.2
163.9

73.9
190.6
166.1

73.0
190.3
168.6

73.9
190.2
170.3

77.7
196.0
171.8

79.5
195.8
173.7

83.0
198.7
176.5

82.7
197.2
177.7

84.3
199.3
179.3

85.9
199.3
181.0

84.7
199.3
182.5

84.8
199.6
184.2

83.3
202. 8
185.5

100.8

105.7

111.8

100.5

95.7

101.6

105.4

101.2

106.6

104.1

110.9

109.9

110.8

114 3

112.2

104.9

93.9
73.6
20.3
6.9

99.1
75.8
23.3
6.6

104.8
81.4
23.4
6.9

92.0
74.1
17.9
8.5

92.6
73.5
19.0
3.1

94.3
73.1
21.2
7.4

96.7
73.8
23.0
8.7

99.8
77.1
22.7
1.5

97.6
74.0
23.5
9.0

97.7
75.0
22.7
6.4

101.4
77.3
24.1
9.6

104.0
79.4
24.6
5.9

105.0
82.4
22.6
9.3

105.5
82.8
22.7
6.7

104.3
82.8
21.5
.6

3.6

.9

.0

4.0

4.2

4.1

2.0

.9

1.3

1.7

—.2

o

—.5

.4

.5

.9

148.4
149.7
140.0
78.9
76.0
74.8
65.2
69.5
73.7
9 Includes data not shown separately.

137.6
72.8
64.8

140.1
75.1
65.0

140.4
75.5
64.9

141.7
75.7
66.0

145.6
77.3
68.3

148.9
79.6
69.3

148.8
79.2
69.6

150.2
79.4
70.8

150.6
78.3
72.3

150.2
76.3
73.9

149.4
75 5
73.9

148.4
73.9
74.6

146.7
71.2
75.5

Gross national product total
Personal consumption expenditures, total
Durable goods
_
Nondurable goods
Services

_

Gross private domestic investment, total
Fixed investment
Nonresidential
Residential structures _
_
Change in business inventories. _
Net exports of goods and services

do. _.
do
_ do
do
do
do
_ _-do.
_-do

__

..do. .

Govt. purchases of goods and services, total. -do
Federal
do
State and local
...do
r

Revised.

* Preliminary.




104.8
81.0
23.8
6.0

s-1

SURVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown in
the 1969 edition of BUSINESS STATISTICS

1967

1968

Annual total

1968

1967

| 1969
III

June 1970

IV

I

II

1969
III

IV

I

1970

II

IV

I

780.6

786.5

' 792. 6

592.0

III

II

III

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
National income, total
bil. $
Compensation of employees, total

771.0

658.5

672.0

688.8

423.5
337.3
16.2
70.0
43.9
61.9
47.2
14.7
20.8

465.0
369.0
18.0
78.0
48.6
63.8
49.2
14.6
21.2

509.9
405.3
19.2
85.4
54.4
66.3
50.2
16.1
21.6

426.5
339.6
16.1
70.8
44.2
62.6
47.8
14.8
20.9

436.5
346.3
17.0
73.2
45.1
62.3
47.5
14.9
21.0

448.2
355.9
17.3
75.0
47.0
63.2
48.4
14.8
21.1

Corporate profits and inventory valuation adjustment, total ...
bil $
By broad industry groups:
Financial institutions
do
Nonfinancial corporations, total
do
Manufacturing, total
do
Nondurable goods industries
do
Durable goods industries
do
Transportation, communication, and public
utilitiesbil $
All other industries
do

.
.

..

Seas. adj. qtrly. totals at annual rates:t
All industries
Manufacturing
Durable goods industries 5 _ _
Nondurable goods industries ^

.

513.6

564.3

470.7

481.7

495.1

707.4

724.1

737.3

519.8

532.3

459.0
364.5
17.6
76.8
48.0
63.6
49.2
14.3
21.2

470.7
372.7
18.7
79.3
49.1
64.1
49.3
14.8
21.2

482.1
382.8
18.3
80.9
50.2
64.1
49.7
14.4
21.4

507.0

751.3

765.7

546.0

558.2

571.9

581.1

493.3
392.5
18.2
82.5
52.7
64.6
49.7
14.9
21.5

504.3
402.0
18.4
84.0
53.8
66.5
50.1
16.4
21.6

516.9
410.2
20.1
86.6
55.0
67.3
50.5
16.8
21.7

525.0
416.6
19.9
88.5
56.1
66.7
50.4
16.3
21.8

534.9
422.3
"20.8
"91.8
57.1
66.6
50.1
16.5
22.0

79.2

87.9

88.2

79.1

81.1

82.5

88.2

90.6

90.3

89.5

89.2

88.8

85.2

'79.7

10.5
68.8
39.0
18.1
20.9

11.5
76.4
44.4
19.9
24.5

12.9
75.3
43.9
20.4
23.5

10.5
68.6
38.3
18.0
20.4

10.8
70.3
39.5
18.3
21.2

11.0
71.6
41.1
19.1
22.0

11.2
76.9
44.9
19.8
25.1

12.1
78.5
45.4
20.4
25.0

11.9
78.5
46.2
20.4
25.8

12.3
77.2
45.1
20.3
24.7

12.7
76.5
44.9
21.0
23.9

13.3
75.6
43.8
20.0
23.8

13.3
71.9
41.7
20.1
21.6

13.2
'66.5
37.4
19.7
17.7

10.8
19.0

11.6
20.4

11.7
19.7

10.8
19.5

10.9
19.9

11.3
19.1

ll.fi
20.6

12.0
21.0

11.6
20.7

11.8
20.3

11.7
19.9

11.9
19.9

11.4
18.8

10.7
18.4

80.3
33.0
47.3
21.5
25.9
—1.1
24.7

91.1
41.3
49.8
23.1
26.7
-3.2
28.0

93.7
43.3
50.5
24.6
25.9
-5.6
30.6

79.5
32.5
47.0
22.0
25.0
-.4
25.1

84.4
34.5
49.9
21.1
28.8
-3.3
25.9

87.9
39.9
47.9
22.2
25.7
-5.3
26.7

90.7
41.1
49.7
22.9
26.7
-2.6
27.5

91.5
41.4
50.0
23.6
26.5
-.9
28.4

94.5
42.9
51.6
23.8
27.8
-4.2
29.3

95.5
43.9
51.7
23.8
27.9
-6.1
29.8

95.4
44.1
51.3
24.3
27.0
-6.2
30.3

92.5
42.8
49.7
24.9
24.9
-3.7
30.9

91.4
42.4
49.0
25.2
23.8
-6.2
31.6

'85.6
39.1
'46.5
25.2
'21.3
-5.9
32.3

629.4
82.9
546.5
506.2
40.4

687.9
97.9
590.0
551.6
38.4

747.2
117.5
629.7
592.0
37.6

634.5
84.1
550.3
509.7
40.7

645.9
86.1
559.8
516.6
43.1

664.3
89.3
575.0
535.1
39.9

680.1
92.7
587.4
545.1
42.3

696.1
102. 6
593. 4
560. 2
33.2

711.2
107.0
604.3
566.2
38.0

724.4
114.2
610.2
577.7
32.5

740. S
118.5
622.0
f 88. 8
33.3

756.5
117.5
639.0
596.0
43.1

767.4
119.9
647.5
605.8
41.7

778.6
118.2
660.4
616.9
43.5

65.47
28.51
14.06
14.45

67.76
28.37
14.12
14.25

75.56
31.68
15.96
15.72

16.20
6.88
3.40
3.48

18.12
7,77
3.96
3.81

15.10
6.15
3.06
3.09

16.85
6.99
3.36
3.63

16. 79
7.13
3.54
3.59

19.03
8.10
4.16
3.94

16.04
6.58
3.36
3.22

18.81
7.82
3.98
3.84

19.25
8.16
4.03
4.12

21.46 ' 17. 47 'i 20. 46
'8.27
9.12 '7.14
4.59 ••3.59 '4.17
3.56 '4.09
4.53

36.96
1.65
1.86
2.29
1.48
8.74
6.75
2.00
6.34
14.59

39.40
1.63
1.45
2.56
1.59
10.20
7.66
2.54
6.83
15.14

43.88
1.86
1.86
2.51
1.68
11.61
8.94
2.67
8.30
16.05

9.32
.44
.41
.56
.41
2.35
1.71
.64
1.57
3.59

10. 35
.47
.50
.64
.38
2.59
2.08
.51
1.73
4.04

8.95
.42
.39
.68
.30
2.07
1.69
.38
1.59
3.50

9.86
.43
.37
.58
.42
2.62
1.94
.68
1.62
3.81

9.66
.39
.31
.64
.41
2.61
1.87
.74
1.61
3.69

10.93
.40
.38
.66
.47
2.90
2.16
.74
2.00
4.13

9.45
.42
.38
.68
.38
2.36
1.88
.48
1.81
3.41

10.99
.48
.44
.66
.46
2.99
2.22
.77
2.00
3.97

11.10
.47
.49
.53
.40
3.03
2.23
.80
2.11
4.07

12.36
12.34 ' 10. 32 ' 12. 19
'.46
.48
'.45
.49
'.50
.53
'.42
.55
'.86
.78
'.73
.64
'.38
.35
'.28
.44
3.81
3.23 '2.54 '3.48
2.92
2.61 '2.15 '2.84
'.64
.88
.39
.62
2.14
2.39
4.60 '3.76 ' » 6. 52 26.42

do
do
do
do

65.48
27.85
13.92
13.93

65.66
27.51
13.71
13.80

68.09
28.02
14.11
13.91

66.29
27.84
13.51
14.33

67. 77
28. 86
14.47
14.40

69.05
28.70
14.39
14.31

72.52
29.99
15.47
14.52

73.94
31.16
15.98
15.18

77.84
33.05
16.53
16.52

77.84 ' 78. 22 'i 80. 66 i 83. 28
33.25
32.39 ' 32. 44 '32.88
16.89
15.88 ' 16. 40 ' 16. 69
16.50
16.36
16.05 ' 16. 18

do
do
do
do
do
do
do
do
do
do

37.62
1.76
1.72
2.35
1.66
8.86
6.86
1.99
6.49
14.80

38.15
1.78
1.82
2.79
1.41
9.46
7.47
1.99
6.37
14.54

40.07
1.80
1.68
2.88
1.43
10.08
7.76
2.32
6.83
15.37

38.45
1.66
1.49
1.98
1.49
10.24
7.64
2.60
6.42
15.17

38.91
1.57
1.29
2.69
1.65
9.82
7.50
2.32
6.67
15.22

40.35
1.52
1.34
2.87
1.75
10.63
7.74
2.89
7.34
14.91

42.53
1.83
1.68
2.89
1.87
11.52
8.62
2.90
7.74
15.00

42.78
1.88
1.76
2.22
1.66
11.68
8.71
2.97
7.92
15.67

44.80
1.89
2.06
2.23
1.65
11.48
8.98
2.50
8.71
16.78

45.46 ' 45. 78 ' 47. 78 50.02
1.85 ' 1.92 ' 1.80
1.90
1.94 '1.74 ' 1.97
2.22
2.80 '2.94 '3.09
3.38
1.63 '1.37 '1.37
1.44
11.80 ' 12. 14 ' 13. 48
14.68
9.36 '9.77 '11.11
11.86
2.44 '2.37 '2.37
2.82
8.76
9.14
16.67 ' 16. 52 '226.06 2 26. 40

'11,932
'7,946
'302
' 1, 765
'1,917

'12,685
'8,386
'344
' 1, 990
' 1, 965

'13,295
' 8, 878
'393
'2,000
' 2, 024

'12,714
' 8, 378
'357
' 1, 935
' 2, 044

'11.948
' 7, 472
'391
' 2, 089
' 1, 996

'14,291
' 9, 585
'313
' 2, 150
' 2, 243

'14,565
9,581
'458
' 2, 286
' 2, 240

'-11,477
-7,820
' 1,103
'-677
-1,877

'-11,832
'-8,132
' 1,112
'-732
'-1,856

'-12,444
'-8,569
'-1,147
'-761
'-1,967

'-12,374
'-8,443
' 1, 173
'-762
'-1,996

'-11,618
-7,576
'-1,198
'-905
'-1,939

Corporate profits before tax, total
do
Corporate profits tax liability
do
Corporate profits after tax
do
Dividends
do
Undistributed profits
do
Inventory valuation adjustment"
do
Net interest
do
DISPOSITION OF PERSONAL INCOME
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income, total
bil $
Less: Personal tax and nontax payments
do
Equals: Disposable personal income
do
Less: Personal outlays®
do
Equals: Personal saving§
_.
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals :J
All industries.
bil $
Manufacturing.
do
Durable goods industries 1
do
Nondurable goods industries 1
.do -

Nonmanufacturing
Mining
Railroad
.
Air transportation
Other transportation
Public utilities. . . .
Electric
Gas and other
Communication
Commercial and other.

714.4

467.4

do
do
do
do
__do
do
do
do
do

Wages and salaries, total.
Private
Military
Government civilian
Supplements to wages and salaries
Proprietors' income, total?
Business and professional 9
Farm
.
Rental income of persons

Nonmanufacturing
Mining
Railroad
Air transportation.
Other transportation . _
Public utilities. .
Electric
_
Gas and other
Communication.
Commercial and other

654.0

do

do
do
do
do
do
do
do
do
do
do

BALANCE OF INTERNATIONAL
PAYMENTScf
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants)
mil. $
Merchandise, adjusted, excl. military
do
Transfers under military sales contracts
do
Income on U.S. investments abroad
do .
Other services
do

i 20. 62
8.26
4.15
4.11

U.S.

' 46, 204 ' 50, 626 '55,516
30,681 ' 33, 588 '36,473
1,239 ' 1, 396 ' 1,514
6,872 r 7, 690 ' 8, 839
' 7, 412 ' 7, 952 ' 8, 690

'11,565
7,669
'240
' 1, 786
' 1, 870

'11,694
7,601
'341
'1,888
' 1, 864

'-40.991 '-48,127 '-53,566 '-10,168 '-10,703
Importsof goods and services
do
-26, 821 '-32,964 '-35,835 -6,542 -7,154
Merchandise, adjusted, excl. military
do
Military expenditures
do
-4,378 '-4,535 '-4,850 -1,106 -1,112
-2,362 -2, 932 '-4,463 -580
-607
Income on foreign investments in the U.S do
Other services
do
'-7,430 '-7,696 '-8,418 '-1,940 '-1,830
Unilateral transfers, net (excl. military grants);
transfers to foreigners (-)
mil. $.. '-2,970 '-2,829 '-2,835 '-821 '-643
' Revised.
» Preliminary.
1 Estimates (correc for sys tematic b ases) for Apr.-Ju ne
ted
1970 and July-Sept. 1970 based on expected capital «^xpenditu res of bus iness. E> pected e xpenditures for the year 1970 appear on p. 18 of the Fune 1970 SURVEY.
2Inc udes cornmunication.
9 Includes inventory valuation adjus tment.
JRevisec series; explanati()n
of revisions and annual and quarterly data back to 1J 47 appear on pp. 21 ff. of th e Jan. 1970
SURVEY; see also pp. 19 ff. of the Feb. 1970 SURVEY
0Personal ou tlays contiprise pe r-




'-13,978
'-9,606
'-1,187
'-1,071
'-2,114

'-13,909
'-9,263
-1,220
'-1,240
'-2,186

'14,712 "15,276
' 9, 835 Pl0,200
'352
P 284
' 2, 314 "2, 489
' 2,211 "2, 303
'-14,061
'-9,390
'-1,245
'-1,247
'-2,179

D
-14,391
p-9,685
p— 1 205
p- 1,329
p-2, 172

'-629 '-675 '-757 '-768 '-612 '-812 '-690 '-721 p-707
sonal consumf tion exp enditures , interest paid by consume rs, and p ersonal t ransfer payments
to for eigners.
§Pers anal savi tig is exce ss of disj3osable iricome ov er persorlal outlays,
IfD ata for iridividua durable and non durable goods in(iustries <iomponetits appear in the
Mar., June, S 3pt., anc Dec. iss ues of th e SURVE Y.
<? Hore connplete de tails are given in
the q uarterly reviews i n the M£ir., June Sept., a nd Dec. issues of the SUR^TEY.
°In eludes tl- e retroa stive paj' increase) for Fed eral pers onnel.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102