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SURVEY OF CURRENT BUSINESS

14

August 1974

NATIONAL INCOME AND PRODUCT TABLES
1973
1972

1973

I

II

1974
III

IV

1973

I

II

1972

1973

I

II

Seasonally adjusted at annual rates

1974

rv

III

I

II

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)
1, 158. 0 1,294.9 1,248.9 1,277.9 1,308.9 1,344.0 1,358.8 1,387.3

Gross national product

Gross private domestic investment -

.

.-

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

-

Change in business inventories
Nonfarm
Farm

837.4

840.8

845.7

830.5

828.8

799.0

816.3

823.9

840.6

869.1

527.3

552.1

552.9

553.7

555.4

546.3

539.7

542.7

118.4
299.7
310.9

130.3
338.0
336.9

132.4
323.3
325.9

132.1
332.7
334.2

132.4
343.8
340.1

124.3
352.1
347.4

123.9
364.4
352.4

129.5
375.8
363.8

104.9
220.2
202.2

113.6
228.6
209.9

117.2
228.7
207.1

115.7
228.3
209.7

114.3
230.0
211.2

107.2
227.4
211.7

105.2
223.9
210.6

106.?
223. e
212.2

179.3

209.4

199.0

205.1

209.0

224.5

210.5

211.8

125.0

138.1

134.4

136.3

135.8

145.8

133.3

130. a

194.0

189.0

194.4

197.1

195.5

193.6

198.3

118.0

127.3

127.1

128.4

127.7

125.8

122.7

122.2

136.8
47.0
89.8
57.2
56.7
.5

130.5
44.6
85.9
58.5
58.0
.5

135.6
46.2
89.4
58.7
58.4
.4

139.0
47.9
91.1
58.1
57.6
.5

141.9
49.3
92.6
53.6
53.0
.6

145.2
51.3
93.9
48.4
47.8
.7

149.4
52.2
97.2
48.8
48.0
.8

83.7
23.8
59.8
34.3
33.9
.4

94.4
25.4
69.0
32.9
32.6
.3

92.2
24.7
67.4
35.0
34.7
.3

94.3
25.1
69.2
34.1
33.9
.2

95.1
25.6
69.5
32.6
32.4
.3

96.0
26.0
70.0
29.8
29.5
.4

96.3
26.7
69.7
26.4
26.0
.4

96. £
26. C
69. c
25.7
25.2
.4

8.5
7.8
.7

-- -

832.8

781.7

116.8
41.1
75.7
54.0
53.4
.6

-

839.2

805.2

170.8

Durable goods
Nondurable goods
Services
--- -

792.5

729.0

Personal consumption expenditures

15.4
11.4
4.0

10.0
6.5
3.5

10.7
7.7
3.0

11.8
7.4
4.4

28.9
24.0
4.9

16.9
13.1
3.8

13.5
10.4
3.1

7.0
6.4
.7

10.8
8.9
1.8

7.3
5.4
1.9

7.8
6.3
1.5

8.0
6.2
1.9

20.0
17.9
2.1

10.6
8.7
1.8

8.2
6.4
1.8

Exports
Imports

_

-

.

-3.0

-

Government purchases of goods and services
Federal
National defense
Other
State and local

3.9

-.8

.5

6.7

9.3

11.3

2.0

4.6

1.4

3.5

5.8

7.9

11.5

9.1

72.4
78.4

100.4
96.4

88.8
89.5

95.4
94.9

103.7
96.9

113.6
104.3

131.2
119.9

141.0
139.0

55.7
58.7

66.6
62.0

64.8
63.4

65.9
62.4

66.9
61.1

68.9
61.0

73.3
61.8

74. £
64. f

255.7

276.4

269.0

273.3

276.9

286.4

296.3

304.4

143.1

144.4

144.1

143.9

143.7

145.7

104.9
74.8
30.1
150.8

Net exports of goods and services

106.6
74.4
32.2
169.8

106.4
75.0
31.4
162.6

106.2
74.0
32.2
167.1

105.3
73.3
32.0
171.6

108.4
75.3
33.1
177.9

111.5
75.8
35.7
184.8

114.3
76.6
37.7
190.1

61.0

57.3

58.9

57.7

56.2

56.4

56.3

56. C

82.1

87.0

85.2

86.2

87.5

89.3

89.7

89. i

-6.0

146.0

145.8

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

Goods output

1,158.0 1,294.9 1,248.9 1,277.9 1,308.9 1,344.0 1,358.8 1,387.3

792.5

839.2

832.8

837.4

840.8

845.7

830.5

828.8

1, 149. 5 1, 279. 6 1, 238. 9 1, 267. 2 1, 297. 0 1, 315. 1 1, 341. 9 1, 373. 8
8.5
16.9
15.4
10.0
10.7
11.8
28.9
13.5

..

Finalsales
Change in business inventories

785.4
7.0

828.4
10.8

825.5
7.3

829.6
7.8

832.7
8.0

825.7
20.0

819.9
10.6

820. e
8.2

664.9

425.5

459.1

455.1

457.6

458.8

465.1

449.1

448. S

448.3
10.8

447.8
7.3

449.8
7.8

450.8
8.0

445.1
20.0

438.5
10.6

440. 8
8.2

543.8

622.7

595.8

611.6

629.9

653.6

651.9

Final sales
Change in business inventories

535.2
8.5

607.3
15.4

585.8
10.0

600.9
10.7

618.0
11.8

624.7
28.9

635.0
16.9

651.3
13.5

418.5
7.0

Durable goods
Final sales
Change in business inventories

221.4
214.3
7.1

250.3
240.9
9.4

244.0
237.8
6.1

248.9
241.2
7.7

252.8
243.9
9.0

255.4
240.6
14.8

251.0
242.3
8.7

246.6
248.5
—1.8

185.8
180.1
5.7

206.0
198.5
7.5

204.6
199.5
5.1

206.7
200.5
6.2

206.3
199.0
7.2

206.3
194.9
11.5

200.2
194.3
5.8

195.4
196. (
-1.2

Nondurable goods
Finalsales
Change in business inventories. _

322.4
321.0
1.4

372.4
366.5
6.0

351.8
347.9
3.9

362.7
359.7
3.0

377.1
374.2
2.9

398.2
384.1
14.1

401.0
392.8
8.2

418.2
402.9
15.4

239.7
238.4
1.3

253.1
249.9
3.3

250.4
248.3
2.2

250.8
249.3
1.6

258.7
250.2
8.5

248.9
244.2
4.7

488.1

534.4

516.0

528.3

540.2

553.2

569.7

582.8

291.4

304.5

299.9

303.5

252.6
251.7
.8
306.9

307.8

310.7

253. (
244.2
9.4
310. C

126.1

137.8

137.1

138.0

138.8

137.2

137.1

139.7

75.5

77.8

76.3

75.1

72.8

70.7

69.8

837.4

840.8

845.7

830.5

828.8

782.8

767.0

764.8

Services
Structures

_. .

75.6

Table 3. — Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product
»rivate
Business
Nonfarm.
Farm.
Households and institutions
Rest of the world.
jreneral government
Federal
State and local
Addendum: Gross domestic product

1,158.0 1,294.9 1,248.9 1,277.9 1,308.9 1,344.0 1,358.8 1,387.3
1,021.6 1,146.5 1, 104. 6 1, 131. 1 1,159.5 1,190.7 1,202.5 1,228.5
977.9 1, 096. 8 1, 056. 7 1, 082. 4 1, 109. 2 1, 138. 8 1, 143. 1 1, 168. 8
942.6 1, 040. 3 1,008.8 1, 029. 0 1,049.0 1, 074. 5 1, 082. 6 1, 117. 8
60.5
60.2
64.4
35.3
56.5
47.9
53.4
51.1

792.5

839.2

832.8

776.9

771.2

775.3

778.4

709.4
683.4
26.0

753.1
725.8
27.4

747.3
719.2
28.1

751.8
724.3
27.5

754.4
728.6
25.8

759.2
731.0
28.2

740.9
713.9
27.0

741.4
712.7
28.7

18.8
5.1

18.7
5.0

19.1
7.0

18.8
4.7

731.7

43.0
8.9

44.6
14.7

46.5
13.2

17.6
4.7

18.5
5.2

18.1
5.8

18.5
5.0

153.4

156.3

158.8

60.7

62.3

61.6

62.1

62.4

62.9

63.5

63. <

54.3
99.1

54.8
101.5

55.0
103.9

21.8
38.9

21.3
41.0

21.5
40.1

21.3
40.8

21.1
41.3

21.1
41.7

21.1
42.3

21.1
42.8

1,151.5 1,286.5 1,240.5 1,269.9 1,300.6 1,335.2 1,344.0 1,374.1

787.7

833.9

827.0

832.4

835.7

840.7

823.5

824.1

37.2
6.5
136.4

50.7
85.7

41.3
8.4

39.5
8.4

148.5

144.3

52.8
95.7

52.5
91.8

40.7
8.0
146.8

62.1
94.7

42.0
8.3
149.4

52.4
97.1

HISTORICAL STATISTICS
THE national income and product data for 1929-63 are in The National Income and Product Accounts of the United States, 1929-1965,
Statistical Tables (available at $1 from Commerce Department District Office or the Superintendent of Documents ; see addresses inside front
cover). Each July SURVEY contains preliminary data for the latest 2 years and fully revised data for the preceding 2. The July 1974 issue has
data for 1970-73. Prior July issues have fully revised data as follows: 1969-70, July 1973; 1968-69, July 1972; 1967-68, July 1971; 1966-67,
July 1970; 1965-66, July 1969; 1964-65, July 1968. BE A will provide on request a reprint of the fully revised data for the years 1964-69.




CURRENT BUSINESS STATISTICS

JLHE STATISTICS here update series published in the 1973 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (available from the Superintendent of Documents for $5.15) provides a description of each series, references
to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1969 through 1972 (1962-72 for major quarterly
series), annually, 1947-72; for selected series, monthly or quarterly, 1947-72 (where available). Series added or significantly revised after the 1973
BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively; certain revisions for 1972 issued too late for
inclusion in the 1973 volume appear in the monthly SURVEY beginning with the August 1973 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 1973 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.
1971

Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes areas shown in
the 1973 edition of BUSINESS STATISTICS

1

1972

1972

1971

1973

1

II

III | IV

I

|

II

1974

1973

[ III

IV

I

II

III

IV

i | n

1,358.8 '1, 387.3

Annual total
Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT!
1,158.0

1,294.9

1,047.3

1,061.3

1,083.2

1,115.0

1,143.0

1,169.3

1,204.7

1,248.9

1,277.9

1,308.9

1,344.0

Personal consumption expenditures, total, .do

667.1

729.0

805.2

662.1

672.1

683.8

701.5

720.6

736.8

757.2

781.7

799.0

816.3

823.9

840.6

r

Durable goods total?
do
Automobiles and parts
..do
Furniture and household equipment do

103 9
46 6
42.3

118 4
53 1
48.7

130.3
57.5
55.0

102.1
45.5
41.7

105.6
48.2
42.1

107.4
48.1
43.9

112.1
49.4
47.1

116.2
51.5
47.9

121.2
55.3
49.3

124.3
56.4
50.7

132.4
60.4
54.3

132.1
59.2
54.9

132. 4
59.3
55.5

124.3
51.2
55.4

123.9
48.0
57.5

' 129. 5
'50.6
'59.5

Nondurable goods total 9
Clothing and shoes
Food and beverages
Gasoline and oil

- do
do
do _
do

278 4
57.3
135.9
23 5

299 7
63.0
143.7
25 0

338.0
70.2
165.1
28.3

277.8
57.2
135.6
23.2

279.5
57.6
136.9
23.6

283.4
58.5
137.6
24.3

288.4
60.0
139.3
24.6

297.4
62.5
142.4
24.5

302.0
63.7
144.7
25.1

310.9
66.0
148.5
25.8

323.3
69.1
155.9
26.8

332.7
70.1
160.9
28.0

343.8
70.6
169.1
28.7

352.1
70.9
174.5
29.8

364.4
72.8
180.1
31.5

' 375. 8
' 74.4
' 183. 5
'36.8

Services total 9
Household operation.
Housing
Transportation

do
do
do
- do

284.8
39.4
99.1
20.4

310.9
43.3
107.9
21.8

336.9
47.3
116.4
23.4

282.2
39.1
98.0
20.2

287.0
39.6
100.0
20.7

293.0
40.5
102.6
21.1

301.0
41.2
105.1
21.5

307.0
42.6
106.9
21.6

313.6
43.9
108. 9
21.9

322.0
45.5
110.7
22.3

325.9
45.6
113.1
22.8

334.2
46.6
115.6
23.1

340.1
48.3
117.0
23.6

347.4
48.7
119.7
24.1

352.4
49.2
122.2
25.0

r 363. 8
'51.7
124. 9
' 25. 6

Gross private domestic investment, total.. .do

153.7

179.3

209.4

154.0

153.5

160.8

169.4

175.5

182.1

190.2

199.0

205.1

209.0

224.5

210.5

'211.8

147.4
104.6
37.9
66.6
42.8
42.3

170.8
116.8
41.1
75.7
54.0
53.4

145.9
104.3
37.8
66.5
41.6
41.1

149.7
104.8
38.5
66.3
44.9
44.2

155.4
107.8
38.4
69.4
47.6
47.0

167.6
114.7
41.0
73.7
52.9
52.3

8.5
7.8

8.1
6.8

3.8
2.4

5.4
4.4

164.5
112.7
40.7
72.0
51.8
51.2

6.3
4.9

194.0
136.8
47.0
89.8
57.2
56.7
15.4
11.4

5.0
4.1

8.0
7.0

171.9
117.5
40.6
76.8
54.5
53.9
10.2

189.0
130.5
44.6
85.9
58.5
58.0
10.0

194.4
135.6
46.2
89.4
58.7
58.4
10.7

197.1
139.0
47.9
91.1
58.1
57.6
11.8

9.6

179.2
122.5
42.2
80.3
56.7
56.2
11.0
10.4

195.5
141.9
49.3
92 6
53.6
53.0
28.9
24.0

193.6
145.2
51.3
93.9
48.4
47.8
16.9
13.1

-.2

3.9

-7.1
69.1
76.1

-6.9
68.8
75.7

-4.8
73.3
78.1

-5.3
78.5
83.8

.5

6.7

9.3

68.2
68.1

-3.4
62.0
65.4

-.8

100.4
96.4

2
66.5
66.6

.1

65.4
65.6

-6.0
72.4
78.4

88.8
89.5

95.4
94.9

103.7
96.9

113.6
104.3

11.3
131.2
119. 9

'2.0
' 141. 0
' 139. 0

234.2
97.6
71.2
136.6

255.7
104.9
74.8
150.8

276.4
106.6
74.4
169. 8

231.3
96.2
70 8
135 1

235.7
97.9
70.0
137.8

242.1
100.5
72.1
141.6

251.1
105.6
75.9
145.5

253.8
105.9
75.9
147.9

255.1
102.7
72.6
152. 4

262.6
105.2
74.7
157.4

269.0
106.4
75.0
162.6

273. 3
106.2
74.0
167.1

276.9
105.3
73.3
171.6

286.4
108.4
75.3
177. 9

296.3
111.5
75.8
184.8

' 304. 4
' 114. 3
' 76.6
' 190. 1

1,039.1 1,057.5
495.7
486 8
193.3
188 1
302.4
297.7
448.5
442.8
113.3
109.6

1,077.8
501.8
197. 0
304.7
459. 3
116.8

1,110.0 1,135.1 1,159.1
529.4
541.0
514.3
210.6
218.3
204.6
318.9
322. 7
309.7
481.5
492. 4
472.1
125.6
124.1
123.6

1,193.7
556.2
223.6
332. 6
506.5
130.9

Gross national product, total!- -

bil. $. . 1,054.9

Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential structures
Nonfarm
_
Change in business inventories
Nonfarm

do _
do
do
..do
do
do
.. do
do __

Net exports of goods and services
Exports
Imports

do
do
do .

Govt. purchases of goods and services, total _ do
Federal
-do
National defense
do
State and local
-- do
By major type of product:!
Final sales total
Goods total
Durable goods
Nondurable goods
Services
..
Structures

.-

..

do
do
do
do
do
- do

1,048.6
491.6
191.8
299.8
446.0
111.0

1,149.5 1,279.6
535. 2
607 3
214.3
240.9
321.0
366.5
488.1
534.4
126.1
137.8

6.5

7.7

7.4

869. 1

' 198. 3
r 149. 4

52.2
97.2
48.8
48.0
13.5
10.4

1,238.9 1,267.2 1,297.0 1,315.1 1,341.9 '1,373.8
635.0 ' 651. 3
624.7
618.0
600. 9
585.8
242. 3 ' 248. 5
240.6
241.2
243. 9
237. 8
392.8 ' 402. 9
374.2
384.1
359. 7
347. 9
569.7 ' 582. 8
553.2
540.2
516.0
528.3
137.2
137.1 ' 139. 7
138.8
137.1
138.0

6.3
2.4
4.0

8.5
7.1
1.4

15.4

8.1
4.6
3.5

3.8
.7
3.1

5.4
.3
5.1

5.0
2.7
2.2

8.0
5.8
2.2

10.2

10.7

11.8

9.0
2.9

28.9
14.8
14.1

16.9

6.8
3.4

11.0
13.2
-2.2

10.0

9.4
6.0

746 3

792 5

839 2

742 1

747 2

759 1

770 9

786 6

798 1

814 2

832 8

837 4

840.8

845.7

830.5

' 828. 8

496.4

527.3

552.1

493.8

497.7

504.1

512.8

523.2

531.2

542.2

552. 9

553.7

555. 4

546.3

539.7

' 542. 7

do
do
do

9? 5
211 3
192 6

104 9
220 2
202 2

113 6
99g 6

93 8
211 4
19? 5

96 3
212 6
195 2

99 8
214 4
198 6

103 0
219 8
200 4

106 8
221.3
203.0

110 1
225. 4
206.6

117.2
228.7
207.1

115.7
228. 3
209.7

114.3
230.0
211.2

107.2
227.4
211.7

105.2
223. 9
210.6

'106.8
' 223. 6

209 9

90 4
211 5
191 9

Gross private domestic investment, total., do

111 1

125 0

138 1

111 8

109 9

114 8

119 4

123 2

126.6

130.9

134.4

136.3

135.8

145.8

133.3

' 130. 3

127.1
92.2
35.0
7.3

128.4
94.3
34.1
7.8

127.7
95.1
32.6
8.0

125.8
96.0
29.8
20.0

122. 7
96.3
26.4
10.6

1.4

3.5

Change in business inventories
Durable goods
Nondurable goods

do
do
- do -

6.1
3.9

7.7
3.0

8.7
8.2

'

' 13.5
-1.8
' 15.4

GNP in constant (1958) dollars!
Gross national product total!

- bil. $

Personal consumption expenditures, total. _do
Durable goods
Nondurable goods
Services

_ .,

9

Fixed investment
Nonresidential
.-.
Residential structures
Chartge in business inventories

do
do
do
. do

105 8
76 7
29.1
53

118 0
83 7
34.3
7 o

173
94 4
32.9
10" 8

105 0
76 6
28.3
68

106 5
76 2
30.3
34

110 2
78 6
31.6
4 6

115 2
81 3
33.8
4 2

116 6
82 4
34.2
6 6

118. 1
83.8
34.3
8.5

122.0
87.2
34.8
8.8

Net exports of goods and services

do

— 5

—3 0

4 6

— 9

— l

—2.4

-4.9

-3.6

-1.4

-1.9

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

139.3
60 9
78.4

143.1
61 0
82.1

144.4
57 3
87.0

137.5
59 7
77.8

139.7
61 3
78.4

' Revised.
v Preliminary.
!Revised series. Estimates of national income and product
and personal income have been revised back to 1971 (see p. 11 if. of the July 1974 SURVEY);




122. 2
' 96. 5
' 25.7
'8.2

5.8

7.9

11.5

' 9.9

143.7
56.2
87.5

145.7
56.4
89.3

146.0
56.3
89.7

' 145. 8
'56.3
' 89. 5

144.1
143. 9
143.0
141.8
143.8
143.8
142.6
57.7
58.9
59.5
59. 2
62.5
62. 9
62.4
86.2
85.2
82.4
83.8
80.2
80.9
81.3
revisions prior to May 1973 for personal income appear on pp. 22-23 of the July 1974 SURVEY;
9 Includes data not shown separately.

S-l

SURVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown in
the 1973 edition of BUSINESS STATISTICS

1971

|

1972

1973

1971
III

Annual total

August 1974

1972
I

IV

1973
III

II

I

IV

II

1974
IV

III

I

II '

III

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
Implicit price deflators: t
Gross national product . _
Index, 1058=100
Personal consumption expenditures. _ _ _ _ d o .
Gross private domestic investment:
Fixed investment
_.do ..
Nonresidential
do
Residential structures
do .
Govt. purchases of goods and services
do. ..
National income totalf

bil. $

Compensation of employees, total
Wages and salaries, total
._
Private
.Military
._.
Government civilian
Supplements to wages and salaries

do ..
do
do ..
do
do
do

Proprietors' Income total 9
Business and professional 9
Farm
_. _ _
Rental income of persons
Corporate profits and inventory valuation
ment total
By broad industry groups:
Financial institutions
_. Nonfinancial corporations, total
Manufacturing, total
Nondurable goods industries
Durable goods Industries
.

do
do
do
do

167. 39
160. 2

146. 12
138.2

154 31
145 9

142 03
135 0

142. 70
135.6

144. 62
136.8

145. 31
137.7

146. 50
138.7

147. 96
139.7

149. 95
141.4

152. 61
144.3

155. 67
147.0

158. 93
150.8

163. 61
155.8

139.3
136 3
147 4
168.1

144.8
139 6
157.4
178.6

152 4
144 9
174 0
191 5

140
137
148
168

5
4
2
7

140.9
137 1
150 4
169.8

142.8
138 5
153.2
174.6

143.8
139.3
154.6
176.5

145.6
140.2
158.9
179.9

146.9
140.5
162.8
183.6

148.7
141.7
167.1
186.7

151.4
143.9
172.1
189.9

154.3
146.1
178.1
192.6

155.4
147.9
179.7
196.5

157.8
150.7
183.8
202.9

857 7

946 5

1 065 6

862 7

881 6

912 3

932 5

954 3

987.-0

643 1

707 1

647 8

659 7

683 8

699.0

712.6

732.9

759.1

776.7

793.3

814.8

828.8

r 848. 3

631.2
495.3
19.9
116.0
81.4

649.6
508.7
21.2
119.7
83.4

667.6
525.0
20.8
121.9
91.5

683.6
538.7
20.3
124.5
93.1

698.2
550.8
20.2
127.2
95.1

717.0
565.8
21.0
130.2
97.7

727 6
573.8
21.0
132 8
101.2

r 744. 6
r 588. 3
20.9
135.4
103.7

786 0

1 027.6 1,051.2

1 077.3 1,106.3

r

r
T
r

162. 3
154. 9
190. 0
r 208. 8

1 118 8 p\, 137.1

573 6
449 5
19 4
104 7
69.5

626 8
491 4
20.5
114 8
80.3

691 6
545 1
20 6
196 0
94 4

577
452
18
106
70

5
2
9
3
3

587 8
461 0
19.6
107 3
71.9

606 6
475 1
20.9
110 6
77.1

619.7
486.7
20.1
113.0
79.3

69
52
17
25

75
54
21
25

96
57
38
26

67
52
15
25

9
4
5
4

71 0
52 8
18.2
25 4

72 9
53 7
19.2
25 5

74.6
54.3
20.3
24.4

75.8
55.5
20.3
26.8

80.1
56.1
24.0
26.7

89.1
57.0
32.1
26.3

92.8
57.1
35.6
25.7

99.3
57.7
41.5
26.2

103.2
58.4
44.9
26.4

98.4
59.3
39.1
26 4

r 89.9
r 60.7

79 4

82.4

86.5

89.5

92.9

99.8

103.9

105.0

105.2

106.4

107.7

P 112.6

15
63
32
18
14

9
5
3
1
2

16.6
65.8
33.3
17.6
15.8

17. 1
69.4
37.7
18.4
19.3

17.4
72.1
39.6
18.1
21.5

17.8
75.1
40.8
19.4
21.4

18.3
81.5
45.1
20.0
25.1

18.7
85.2
48.6
20.9
27.6

19.4
85.6
48.4
21.5
26.9

19.8
85.4
47.1
21.4
25.7

20.4
86.0
46.4
22.1
24.3

20.8
87.0
46.2
26.9
19.3

p 21 0
P 91.5

2
0
2
2

9
9
0
9

1
6
5
1

29.1
' 26 3

adjustbil. $_.

78.7

92.2

105 1

do
do ..
_do
do
do

15 6
63 1
32.3
17.8
14 5

17 6
74 5
40.8
19.0
21.8

19
85
47
21
95

8.3

9 2
24.6

9 2
28 7

8 7
22 4

7.6

8.5

8.9

9.5

9.9

9.4

9.2

24.9

23.2

23.6

24.8

26.6

27.2

28.4

9.5

22.5

28.8

30.3

33.7

83.6
37.5
46.1
25.0
21.1

99.2
41.5
57.7
27.3
30.3

122.7
49.8
72 9
29 6
43.3

85.7
38.2
47 5
25.0
22.4

86.7
36.9
49.7
25.1
24.7

92.3
38.9
53.4
26.4
27.1

96.0
40.3
55.7
27.1
28.6

100.2
41.8
58.4
27.8
30.6

108.2
45.2
63.1
28 2
34.9

120.4
48.9
71.5
28.7
42.8

124.9
50.9
74.0
29.1
44.9

122.7
49.9
72.9
29.8
43.1

122.7
49.5
73.2
30.7
42.5

138.7
53.6
85.1
31.6
53.5

-4.9
41.6

-7.0
45.6

— 17.6
52 3

-6.3
42 3

-4.2
43.0

-5.8
43.6

-6.5
44.9

-7.3
46.2

-8.4
47.5

-16.5
49.2

-20.0
51.1

-17.5
53.2

-16.3
55.5

-31.0
57.5

864.0
117.6
746.4
685.9
60.5

944.9
142.4
802.5
749.9
52.6

1 055 0
151 3
903 7
829.4
74 4

869 6
118 3
751.3
691.0
60.3

885.8
124.0
761.8
703.2
58.6

913.3
138.6
774.7
721.4
53.3

930.9
140.9
790.0
741.1
49.0

950.3
143.1
807.2
757.9
49.3

985.0
147.0
838.1
779.2
58.9

1,013.6
144.1
869.5
804.2
65.3

1,039.2
147.2
892.1
822.5
69.6

1,068.0
154.2
913.9
840.7
73.2

1,099.3
159.9
939.4
850.1
89.3

1 112.5 rl 134 6
161.9 T 168. 2
950.6 ' 966. 5
866.2 r 894. 9
r
84.4
71.5

81.21
29.99
14.15
15. 84

88 44
31. 35
15.64
15.72

99.74
38.01
19.25
18.76

20.14
7.31
3.40
3.91

22.79
8.44
4.12
4.32

19.38
6.61
3.29
3.32

22.01
7.63
3.71
3.92

21.86
7.74
3.86
3.87

25.20
9.38
4.77
4.61

21.60
7.80
3.92
3.88

24.73
9.16
4.65
4.51

25.04
9.62
4.84
4.78

28.48
11.43
5.84
5.59

24.10
9.49
4.74
4.75

1 27. 96
11.25
5.62
5.64

i 28. 05
11.36
5.69
5.67

do

51.22

57.09

61.73

12.83

14.35

12.77

14.38

14.12

15.83

13.69

15.57

15.42

17.05

14.61

16.70

16.69

do
do
do
do

2.16
1.67
1.88
1.38

2.42
1.80
2.46
1.46

2.74
1.96
2.41
1.66

.55
.42
.39
.37

.59
.45
.56
.37

.58
.48
.60
.32

.61
.48
.73
.39

.69
.38
.61
.35

.63
.47
. .63

.40

.63
.46
.52
.32

.71
.46
.72
.43

.69
.48
.57
.44

.71
.56
.60
.47

.68
.50
.47
.34

.76
.65
.63
.52

.75
.64
.50
.57

do
do
do
do
do

16.30
12.86
2.44
10.77
18.06

17.00
14.48
2.52
11.89
20.07

18.71
15.94
2.76
12 85
21.40

4.07
3.35

4.29
3.60

3.63
3.19

4.24
3.61

4.39
3.67

4.74
4.01

3.95
3.45

4.59
3.91

4.82
4.04

5.36
4.54

4.38
3.85

5.25
4.44

5.57
4.60

2.84
5.26

2.72
4.55

2.95
4.98

2.84
4.97

3.39
6.67

2.87
4.94

3.27
5.40

3.19
5.24

3.53
5.83

3.19
5.05

.97

2.62
4.42

.81

28.90

28.65

do
do
do
do

80.75
29.19
13.76
15.43

83.18
30.35
14.61
15.74

86.79
30.09
15.06
15.02

87.12
30.37
14.77
15.60

87.67
30.98
15.67
15.31

91.94
33.64
16.86
16.78

96.19
35.51
17.88
17.63

97.76
36.58
18.64
17.94

100.90
38.81
19.73
19.08

103.74
40.61
20.48
20.13

107. 27
42.96
21.43
21.53

Transportation, communication, and public
utilities
bil. $
All other industries
do
Corporate profits before tax, total
Corporate profits tax liability
Corporate profits after tax
Dividends
Undistributed profits

r

141.35
134.4

do__
do
_do
do
do...

Inventory valuation adjustment
Net interest

do
do

6
5
6
5
i

8.8

7.1
P 150.4
P59.4
p 91.1
32.5
P58.5
r

-37.9
P 60 1

DISPOSITION OF PERSONAL INCOME f
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income total

Less* Personal tax and nontax payments
Equals* Disposable personal income .
Less: Personal outlays© ..
Equals* Personal saving§

bil $

do
do
do
do

NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
\11 Industries
Manufacturing
.
Durable goods industries 1
..
Nondurable goods industries 1 - .
Nonmanufacturing
Mining
Railroad
.
Air transportation
Other transportation
Public utilities
Electric..
Gas and other.
Communication
Commercial and other
Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing
Durable goods industries ^
Nondurable goods industries ^

bil. $
do
do do

.69

.71

.44

.62

.72

.73

.50

.68

.77

.82

.52

U10.58 U13.16
46.00
45.22
22.60
23.25
22.76
22.61

do

61.56

52.82

56.70

56.75

66.70

58.30

60.68

61.18

62.09

63.12

64.31

65.36

67.15

Mining
Railroad
Air transportation
Other transportation

do
do
do
do

2.23
1.72
1.68
1.48

2.30
1.64
2.26
1.33

2.42
2.10
1.96
1.48

2.38
1.88
2.89
1.53

2.40
1.50
2.67
1.41

2.46
1.71
2.33
1.42

2.59
2.11
2.21
1.53

2.77
1.75
2.72
1.62

2.82
1.95
2.49
1.79

2.76
2.05
2.20
1.73

2.80
2.10
2.13
1.63

2.97
2.48
2.26
1.93

3.06
2.70
2.16
2.17

Public utilities
Electric
Gas and other
Communication
Commercial and other

do
do
do
do
do...

15.87
13.56
2.30
10.73
17.85

15.74
13.01
2.74
10.44
19.10

16.92
14.27
2.65
11.71
20.10

16.60
14.32
2.27
11.59
19.88

17.01
14.62
2.38
11.56
20. 16

17.53
14.67
2.86
12.63
20.21

18.38
15.40
2.98
12.34
21.53

18.08
15.55
2.52
12.70
21.55

18.58
16.00
2.58
13.12
21.36

19.80
16.72
3.08
13.24
21.35

20.12
17.12
3.00
13.83
21.69

20.73
17.62
3.11

21.53
18.20
3.32

Nonmanufacturing

r

Revised.
p Preliminary.
i Estimates (corrected for systematic biases) for Apr.June and July-Sept. 1974 based on expected capital expenditures of business, Expected
2
Includes
expenditures for the year 1974 appear on p. 20 of the June 1974 SURVEY.
communication.
f See corresponding note on p. S-l.
9 Includes inventory valuation




1
235.00 2 35. 5~4~
adjustment.
© Personal outlays comprise personal consumption expenditures, interest
paid by consumers, and personal transfer payments to foreigners.§ Personal saving is excess of disposable income over personal outlays.
If Data for individual durable and nondurable goods industries components appear in the
Mar., June, Sept., and Dec. issues of the SURVEY.

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