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SURVEY OF CURRENT BUSINESS

September 1974

NATIONAL INCOME AND PRODUCT TABLES
1974

1973
1972

1973

I

II

III

IV

1974

1973

I

II*

1972

1973

I

II

Seasonally adjusted at annual rates

III

IV

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)
Gross national product

.

.

.

1,158.0 1,294.9 1, 248. 9 1,277.9 1,308.9 1,344.0 1,358.8 1,383.8

Durable goods
Nondurable goods
Services .
Gross private domestic investment. ..
Fixed investment

792.5

839.2

832.8

827 1

781 7

799.0

816.3

823.9

840.6

869 1

527.3

552.1

552 9

840.8
555 4

830 5

805 2

837.4
553 7

845.7

729 0

546 3

539 7

542.7

118.4
299 7
310.9

Personal consumption expenditures

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

106.8
223 6
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 3

195.5

193.6

198 3

118 0

127.3

127 1

128.4

127 7

125 8

122 7

122 2

170 8

Nonresidential. .
Structures
Producers' durable equipment
Residential structures
Nonfarm .
.
Farm
Change in business inventories..
Nonfarm
Farm
Net exports of goods and services

194.0

189 0

194.4

197.1

116.8
41 1
75.7
54 0
53.4
.6

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
.6

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

96.5
26 6
69 9
25 7
25 3
.4

8.5
78
.7

15.4
11 4
4.0

10.0
65
3.5

10.7
77
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
89
1.8

7.3
54
1.9

7.8
63
1.5

8.0
62
1.9

20.0
17.9
2.1

10.6
87
1.8

82
64
1.8

—6 0

Federal
National defense
Other
State and local

— 8

.5

6.7

9.3

11.3

-1.5

—3.0

4.6

14

35

5.8

7.9

11 5

8 2

100.4
96.4

88.8
89 5

95.4
94.9

103.7
96.9

113.6
104.3

131.2
119.9

138.5
140.0

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

73.4
65.1

265.7

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

146.0

145.8

104.9
74 8
30.1
150.8

Government purchases of goods and services

39

72.4
78.4

Exports
Imports

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

66.2

66.4

66.3

66.3

82.1

87.0

85.2

86.2

87.5

89.3

89.7

89.5

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

1, 158. 0 1, 294. 9 1, 248. 9 1, 277. 9 1,308.9 1,344.0 1,358.8 1,383.8

Final sales
Change in business inventories
Goods output

792.5

839.2

832.8

837.4

840.8

845.7

830.5

827.1

1, 149. 5 1, 279. 6 1,238 9 1. 267. 2 1. 297. 0 1, 315. 1 1, 341. 9 1 370.3
8.5
28.9
16.9
15.4
11.8
10.0
10.7
13.5

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

818.9
8.2

543.8

622.7

595.8

611.6

629.9

653.6

651.9

664.9

425.5

459.1

455.1

457.6

458.8

465.1

449.1

448.9

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

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

Durable goods
Final sales
Change in business inventories

221.4
214 3
71

250.3
240 9
94

244.0
237 g
61

248 9
241 2
77

255.4
240 6
14.8

251.0
242 3
87

246.6
248 5
—1 8

185.8
180 1
57

206.0
198.5
7.5

204.6
199 5
51

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
196.6
—1.2

Nondurable goods
Final sales
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

252.8
243 9
9.0
377 i
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

252.6
251.7
.8

258.7
260.2
8.6

248.9
244.2
4.7

253.6
244.2
9.4

Services

488 1

534 4

516 0

528 3

540 2

553 2

569 7

579 2

291 4

304.5

299 9

303 5

306.9

307.8

310.7

308.3

Structures

126.1

137.8

137.1

138.0

138.8

137.2

137.1

139.7

75.6

75.5

77.8

76.3

75.1

72.8

70.7

69.8

840.8

845.7

830.5

827.1

778.4

782.8

767.0

763.2

740.9
713.9
27.0

741.4
712.7
28.7

19.1
7.0

18.8
3.0

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

1, 158. 0 1, 294. 9 1,248 9 1,277 9 1 308.9 1,344.0 1, 358. 8 1, 383. 8
1 021 6 1 146 5 1 104 6 1 131 11 159 5 1 190 7 1 202 5 1 225 0

..

Households and institutions
Rest of the world .
Genera] government.
Federal
State and local
Addendum : Gross domestic product

792.5
731 7

977 9 1 096 8 1 056 7 1 082 4 1 109 2 1 138 8 1 143 11 168 8 709 4
942 6 1 040 3 1 008 8 1 029 0 1 049 0 1 074 5 1 082 6 1 117 8 683 4
64.4
35 3
56 5
53 4
60 2
60 5 ' 51 1 26 0
47 9

839.2
776 9

832.8
771 2

837.4
775.3

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

18.1
5.8

18.5
5.0

18.8
5.1

18.7
5.0

37 2
65

41 3
84

39 5
84

40 7
80

42.0
83

43.0
89

44.6
14 7

46 5
97

17.6
47

18.5
5.2

136 4

148 5

144 3

146 8

149.4

153.4

156.3

158 8

60.7

62.3

61.6

62.1

62.4

62.9

63.5

63.9

60 7
85 7

62 8
95 7

52 5
91 8

52 1
94 7

52 4
97.1

64 3
99.1

64 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

•Second quarter net exports (and related totals) revised.

HISTORICAL STATISTICS
THE national income and product data for 1929-63 are in The National Income and Product Accounts of the United States, 19&9-1965,
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 1068. BEA 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 SUBVEY
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

j 1972

1971

1973

ii

Annual total

1972

in j iv

I

|

II

1973

I

j III | IV

II

1974

III

r

IV

j n

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
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

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

869.1

Durable goods, total 9 - - - -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

363 8
51 7
124 9
25 6

Gross private domestic investment, total ..do.

Gross national product, totalt

bil. $. . 1,054.9

Personal consumption expenditures, total.. do

..

1,358.8 '1,383.8

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

do
do
.do. .
..do
do
do.
do

147.4
104.6
37.9
66.6
42.8
42.3
6.3
4 9

170.8
116.8
41.1
75.7
54.0
53.4
8.5
7 8

194.0
136.8
47.0
89.8
57.2
56.7
15.4
11 4

145.9
104.3
37.8
66.5
41.6
41.1
8.1
6 8

149.7
104.8
38.5
66.3
44.9
44.2

155.4
107.8
38.4
69.4
47.6
47.0

164.5
112.7
40.7
72.0
51.8
51.2

167.6
114.7
41.0
73.7
52.9
52.3

5.0

8.0

171.9
117.5
40.6
76.8
54.5
53.9
10.2
9 6

179.2
122.5
42.2
80.3
56.7
56.2
11.0
10 4

189.0
130.5
44.6
85.9
58.5
58.0
10.0
6 5

194.4
135.6
46.2
89.4
58.7
58.4
10.7
7 7

197.1
139.0
47.9
91.1
58.1
57.6
11.8
7.4

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

198.3
149.4
52.2
97.2
48.8
48.0
13.5
10.4

do
do.
do

2
65.4
65.6

-6.0
72.4
78.4

3.9

o

.1

-6.9
68.8
75.7

-4.8
73.3
78.1

-5.3
78.5
83.8

9.3

68.2
68.1

-7.1
69.1
76.1

6.7

66.5
66.6

-3.4
62.0
65.4

.5

100.4
96.4

88.8
89.5

95.4
94.9

103.7
96.9

113.6
104.3

11.3
131.2
119.9

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

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

1,048.6
491.6
191.8
299.8
446.0
111.0

1,149.5
535. 2
214.3
321.0
488.1
126.1

1,279.6
607.3
240 9
366.5
534.4
137.8

1,039.1
486.8
189 1
297.7
442 8
109.6

1,057.5
495.7
193 3
302.4
448 5
113.3

1,077.8
501.8
197.0
304.7
459.3
116.8

1,110.0
514.3
204.6
309.7
472.1
123.6

1,135.1
529.4
210.6
318.9
481.5
124.1

1,159.1
541.0
218.3
322. 7
492.4
125.6

1,193.7
556.2
223.6
332.6
506.5
130.9

1,238.9
585.8
237.8
347.9
516.0
137.1

1,267.2
600.9
241.2
359.7
528.3
138.0

1,297.0
618.0
243.9
374.2
540. 2
138.8

6.3
2.4
4.0

8.5
7.1
1.4

15.4
9,4
6.0

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
6.8
3.4

11.0
13.2
-2.2

10.0
6.1
3.9

10.7
7.7
3.0

11.8
9.0
2.9

746.3

792.5

839.2

742.1

747.2

759.1

770.9

786.6

798.1

814.2

832.8

837.4

542.2

552.9

553.7
115 7
228 3
209 7

114 3
230 0
211 2

136.3

Fixed investment
Nonresidential
„Structures
Producers' durable equipment
Residential structures
Nonfarm
Change in business inventories
Net exports of goods and services
Exports
Imports
-

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

do
do.
_.
do
do
do
. . . do

Change in business inventories..
Durable goods
Nondurable goods

,do
.-do ,
do

3.8

5.4

-.8

'-1.5
«• 133. 5
140. 0

r

304.4
114.3
76.6
190.1

1,315.1 1,341.9 1,370.3
651.3
624.7
635.0
248.5
242.3
240.6
402. 9
~384. 1 392.8
' 579. 2
569.7
553.2
139.7
137.2
137.1

28.9
14.8
14.1

16.9
8.7
8.2

13.5
-1.8
15.4

840.8

845.7

830.5

' 827. 1

555. 4

546.3

539.7

542.7

107 2
227 4
211 7

105.2
223.9
210.6

106.8
223.6
212.2

135.8

145.8

133.3

130.3

125 8
96.0
29.8
20.0

122.7
96.3
26.4
10.6

122. 2
96.5
25.7
8.2

7.9

11.5

rg.2

GNP in constant (1958) dollarst
Gross national product, totalf

bil.$..

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

496.4

527.3

552.1

493.8

497.7

504.1

512.8

523.2

531.2

do
do
do

92 5
9
11 3
192 6

104 9
220 2
202 2

113 6
228 6
209 9

90 4
211 5
191 9

93 8
211 4
192 5

96 3
212 6
195 2

99 8
214 4
198 6

103 0
219 8
200 4

106 8
221 3
9Q3 Q

110 1
225 4
206 6

117 2
29g 7
207 1

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

.

Fixed investment.
Nonresidential
Residential structures
Change in business inventories
Net exports of goods and services

.

do
do ,
do
do

105 8
76 7
29.1
5.3

118 0
83 7
34.3
7.0

do

-.5

-3.0

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

127 3
94 4
32.9
10.8

105 0
76 6
28.3
6.8

106 5
76 2
30.3
3.4

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

127 1
92 2
35.0
7.3

128 4
94 3
34.1
7.8

-4.9

-3.6

-1.4

-1.9

1.4

3.5

5.8

4,6

-.9

-.1

-2.4

144.4
57 3
87.0

137.5
59 7
77.8

139.7
61 3
78.4

142.6
62 4
80.2

r
Revised.
* Preliminary.
tRe vised series. Estimates of national income and product
and personal income have been revised back to 1971 (see p. 11 ff. of the July 1974 SURVEY);




110 2
78 6
31.6
4.6

127.7
95.1
32.6
8.0

145.8
146.0
145.7
143.7
143.9
143.0
144.1
143.8
141.8
143.8
56.3
56.3
59 9
56.4
57 7
56.2
59 2
62 5
59 5
58 9
89.5
89.7
89.3
87.5
86.2
85.2
83.8
80.9
81.3
82.4
revisions prior to May 1973 for personal income appear on pp. 22-23 of the July 1974 SUBVEY;
9 Includes data not shown separately.

s-1

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

1971

1973

IV

Annual total

September 1974
1973

1972

I

II

III

IV

I

II

1974

IV

III

I

II

III

IV

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, 1958~100
Personal consumption expenditures
do
Gross private domestic investment:
Fixed investment
do
Nonresidential
..
. __
do
Residential structures
do
Govt. purchases of goods and services
do
National income totalf

146. 12
138 2

154 31
145 9

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

139 3
136.3
147 4
168 1

144.8
139.6
157 4
178.6

152 4
144.9
174 0
191 5

140.9
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

bil. $

857 7

946 5

1 065 6

881 6

912 3

932.5

954.3

987.0 1,027.6 1,051.2

do

643 1

707.1

786 0

659. 7

683.8

699.0

712.6

732.9

759.1

776.7

793.3

814.8

828.8

848.3

573
449
19
104
69

6
5
4
7
5

626 8
491.4
20 5
114 8
80.3

691
545
20
126
94

6
1
6
0
4

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

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

744.6
588.3
20.9
135.4
103.7

do
do
do__._
do

69 2
52 0
17.2
25 2

75 9
54.9
21.0
25 9

96
57
38
26

1
6
5
1

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

89.9
60.7
29.1
26.3

adjustbil. $

78 7

92 2

105 1

82.4

86.5

89.5

92.9

99.8

103.9

105.0

105.2

106.4

107.7

- 105. 6

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 6
85 5
47 6
21 5
26.1

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

'20.7
-84.9
46.8
29.7
17.1

83
22 5

9 2
24.6

9 2
28 7

7.6
24.9

8.5
23.2

8.9
23.6

9.5
24.8

9.9
26.6

9.4
27.2

8.8
28.4

9.5
28.8

9.2
30.3

7.1
33.7

8.0
30.1

do
do
do
do
do

83 6
37 5
46 1
25 0
21 1

99 2
41 5
57 7
27 3
30.3

122
49
72
29
43

7
8
9
6
3

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

do

—4 9
41.6

—7 0
45.6

—17 6
52 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

bil $
do
do
do
do

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

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 1,013.6 1,039.2
147.2
147.0
144.1
892.1
838.1
869.5
822.5
779.2
804.2
69.6
58.9
65.3

bil. $
do
. do. .
.do

81.21
29.99
14.15
15.84

88.44
31. 35
15.64
15.72

99.74
38.01
19.25
18.76

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

21.50
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

do

-.

51.22

57.09

61.73

14.35

12.77

14.38

14.12

15.83

13.69

15.57

15.42

17.05

14.61 r 16. 89

.58
.48
.50
.32

.61
.48
.73
.39

.59
.38
.61
.35

.63
.47
.63
.40

.63
.46
.62
.32

.71
.46
.72
.43

.69
.48
.67
.44

.71
.56
.60
.47

.68
.50
.47
.34

Compensa tion of employees, total

Wages and salaries, total
... .. do
Private
do
Military
do
Governm ent civilian
do
Supplement s to wages and salaries .. do . .
Proprietors' in come total 9
Business and p rofessional 9
Farm
-Rental income of persons

163. 61 - 167.31
160.2
155.8

141 35
134 4

--

Corporate profits and inventory valuation
ment total
By broad industry groups:
Financial institutions .
._
Nonflnancial corporations total
Manufacturing total
Nondurable g oods industries
Durable goods industries

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
Net interest

1,077.3 1,106.3

162.3
154.9
190.0
208.8

157.8
150.7
183.8
202.9

1,118.8 -1,130.2

138.7 - 143. 5
53.6 -57.9
85.1 -85.6
32.5
31.6
53.5 -53.0
-37.9
60.1

-31.0
57.5

DISPOSITION OF PERSONAL INCOME f
Quarterly Data Seasonally Adjusted at Annual Rates
P ersonal income total
Less' Personal tax and nontax payments
Eouals' Disposable personal income
Less' Personal outlays®
Equals' Personal savings

1,068.0 1,099.3 1,112.5 1,134.6
154.2
168.2
159.9
161.9
939.4
913.9
966.5
950.6
850.1
840.7
894.9
866.2
73.2
89.3
84.4
71.5

NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries .
Manufacturing
...
Durable goods industries U
Nondurable goods industries ^
Nonmanufacturing

2.16
1.67
1.88
1.38

2.42
1.80
2.46
1.46

2.74
1.96
2.41
1.66

.59
.45
.56
.37

15.30
12.86
2.44
10.77
18.05

17.00
14.48
2.52
11.89
20.07

18.71
15.94
2.76
12.85
21.40

4.29
3.60
.69
2.84
5.26

3.63
3.19
.44
2.72
4.55

4.24
3.61
.62
2.95
4.98

4.39
3.67
.72
2.84
4.97

4.74
4.01
.73
3.39
5.57

3.95
3.45
.50
2.87
4.94

4.59
3.91
.68
3.27
5.40

4.82
4.04
.77
3.19
5.24

5.36
4.54
.82
3.53
5.83

4.38
3.85
.52
3.19
5.05

do
do
do
do

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

do

52.82

56.70

66.75

56.70

58.30

60.68

61.18

62.09

63.12

do
do
do
do

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

Mining
Railroad
Air transportation
Other transportation

. _

Public utilities
.
Electric
G a s a n d other __
..
Communication
Commercial and other. .

do
do. ..
. d o
do
_ .
do

Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing
Durable goods industries f
Nondurable goods industries f
Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation

do
do
do
do

15.74
16.92
Public utilities
do
13.01
14.27
Electric
do
2.74
2.65
Gas and other
.do
Communication
.do
19.10
20.10
Commercial and ot.har
rlo
' Revised.
p Preliminary.
i Estimates (corrected for systematic biases) for JulySept. and Oct.-Dec. 1974 based on expected capital expenditures of business, Expected
2 Includes
expenditures for the year 1974 appear on p. 21 of the September 1974 SURVEY.
communication.
f See corresponding note on p. S-l.
9 Includes inventory valuation




r

28. 16 r 128. 02

' 11. 27 - 11.41
r

5. 59

'5.69

'.78
'.64
'.61
'.49

'5.78
'5. 64

i 31. 90
13.52
6.85
6.66

' 16. 61 18.38

'.77
'.60
' .49
' .70

.84
.68
.52
.70

5.88
'5.30 '5.34
4.95
'4.56 '4.49
r
.93
.75
«• .86
3.60
'5.46 ' 2 8. 70 29.76

' 111.40 -1113.00 i
' 45. 32 ' 46. 21
r 22. 50 ' 23. 60
' 22. 82 ' 22. 61

116.16
47.72
24.03
23.70

64.31 ' 66. 08 ' 66. 80 68.44

2.80
2.10
2.13
1.63

'3.07
'2.42
r 2.21

' 1.84

'3.12
'2.56
'2.08
'2.58

3.28
2.63
1.96
2.68

21.70
20.12 ' 20. 97 ' 20. 70
19.80
18.38
18.08
18.58
17.01
17.53
17.12 ' 18. 10 ' 17. 76 18.32
16.72
15.55
15.40
16.00
14.62
14.67
3.38
3.00
3.08
'2.87 '2.94
2.52
2.98
2.58
2.38
2.86
Ufifi
1 9 M.
13 83 2 13 94
13 24
12 34
13 12
12 70
U CQ
21.' 69 ' 21. 63 -235. 75 2 36. Is
21.' 36
21 !35
19.88
2L55
20.16
20.21
21.' 53
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.
llData for individual durable and nondurable goods industries components appear in the
Mar., June, Sept., and Dec. issues of the SURVEY.
16.60
14.32
2.27

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