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SUKVEY OF CUKEENT BUSINESS

May 1968

NATIONAL INCOME AND PRODUCT TABLES
1966
1966

1967

IV

II

1966

1968

1967

III

IV

I

1966

1967

1967

IV

Seasonally adjusted at annual rates

II

1968
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)
-_ __ 743.3

762.1

766.3

775.1

791.2

807.3

826.7

652.6

669.3

661.1

660.7

664.7

672.0

679.6

689.7

491.7

473.8

480.2

489.7

495.3

501.8

518.7

418.0

430.1

420.4

424.2

430.6

431.5

434.0

444.7

70.3 72.1
207.5 217.5
__ 188.1 202.1

70.6
210.3
192.9

69.4
214.2
196.6

72.5
217.2
200.0

72 7
218.5
204.1

73.8
220.3
207.7

71 3
78 4
228.1 187.7
212. 1 159.1

72.1
193.0
165.0

71.1
188.4
160.9

69 7
191.8
162.6

72 9
193.6
164.1

72.7
192.8
166.0

73.0
193.6
167. 4

77.1
198.6
169.0

118.0

112.1

122.2

110.4

105.1

112 2

120.8

118.0

105.6

96.9

108.4

96.9

91.3

96.4

103.0

99.5

104.6

107.0

103.7

103.3

104.6

108 4

111.6

115 4

93 0

92.1

91.2

90.2

90 9

92.9

94.4

96.9

80.2
27.9
52.3

82.6
26.8
55.7

82.8
27.7
55.1

81.9
27.7
54.2

81.5
26.3
55.2

82.8
26.6
56.2

84.0
26.7
57.3

87.2
28 5
58.7

72.8
23 6
49.2

73.0
21.8
51.2

74.2
23.0
51.2

73.0
22,9
50.1

72.6
21.7
51.0

73.2
21.5
51.7

73.3
21.4
52.0

75.5
22.7
52.8

24.4
23.8
.5

24.4
23.9
.6

20.9
20.4
5

21.4
20.9
.6

23.1
22.5
.6

25.6
25.0
6

27.6
27.0
.6

28.2
27.6
6

20.2
19.7
5

19.1
18.6
.5

17.0
16.5
.5

17.3
16.8
.5

18.3
17.8
.5

19.7
19.2
.4

21.0
20.6
.4

21.4
21.0
.4

13.4
13 7
—.3

-

785.0

465.9

Gross national product.

5.2
4.8
.4

18.5
19 0
—.5

7.1
7.3
—.2

.5
.6
-.1

3.8
34
.4

9.2
7.7
1.5

2.7
18
.9

12.6
12.9
—.3

4.8
4.4
.4

17.2
17.7
—.5

6.7
6.8
-.2

.4
.5
1

3.5
3.2
.4

8.7
7.2
1.5

2.5
1.7
.9

Personal consumption expenditures
Durable goods
Nondurable goods
Services

_

-.

_ _

Gross private domestic investment
Fixed investment
Nonresidential
_
Structures
Producers' durable equipment—
Residential structures
Nonfann
Farm

_

_ _ _ _

Change in business inventories.
Nonfarm
Farm
__

51

4.8

4.3

5.3

5.3

5.4

3.0

1.7

4.4

3.6

3.2

4.1

4.1

4.2

1.9

.6

_

43 0
37.9

45.3
40.6

44.0
39.7

45.3
39.9

45.1
39.8

45 6
40.2

45.4
42.4

47 2
45.5

40.8
36.4

42.5
38.9

41.2
38.0

42.4
38.3

42.3
38.2

42.8
38.6

42.5
40.7

44.3
43.7

Government purchases of goods and services

154 3

176.3 161 7

Net exports of goods and services

_

Exports
Imports.

_ __

State and local

170 4

175.0

178 2

181.7

188.3

124 5

138.7

129 1

135.5

138.7

139.9

140. 7

145.0

77 0
60.5
16 5

89 9
72.5
17 4

81 5
65.6
15 9

87 1
70.2
16 8

89 5
72.5
17 0

90 9
73.3
17 6

92 2
74.2
18 0

96 2
76 7
19 5

64 7

74.1

67.8

72.3

74.4

75.1

74.7

77.9

77 2

FederalNational defense
Other

86 4

80 2

83 3

85 4

87 4

89 5

92 1

59 9

64 6

61 3

63 2

64 3

64.9

66.0

67.1

664.7

672.0

679.6

689.7

671.0
8.7

687.2
2.5

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

743.3

Final sales
_
Change in business inventories

_

_ _

_

729.9
13.4

785. 0

762.1

766.3

775.1

779.8
5.2

743.6
18.5

759.2
7.1

774.6
.5

791 2

807. 3

826.7

652 6

669.3

661.1

660.7

787 4
3.8

798.1
9.2

824.0
2.7

639.9
12.6

664.5
4.8

643.9
17.2

654.0
6.7

664.3
.4

668.5
3.5

379 6

396.0

391 7

388 1

392.1

398 7

405.2

415.2

353.7

361.4

361.1

356.6

359.5

362.9

366.5

372.5

Final sales
Change in business inventories

366 2
13.4

390 8
5.2

373 2
18.5

380 9
7.1

391 6
.5

394 9
38

396 0
9.2

412 5
2.7

341 0
12.6

356.6
4.8

343. 9
17.2

349.9
6.7

359.1
.4

359.4
3.5

357.8
8.7

369.9
2.5

Durable goods
Final sales.—
Change in business inventories

154. 6
144. 7
9.9

158.5
155.7
2.7

161.1
148.3
12.8

153.9
150.5
3.4

155.5
156.0
-.6

161.4
157.9
3.5

163.1
158.6
4.5

166.3
165.1
1.2

150.0
140.6
9.3

150.2
147.8
2.4

154.2
142.3
11.9

146.6
143.6
3.0

148.3
148.9
-.6

153.0
149.8
3.2

152.9
148.8
4.1

154.9
153.8
1.1

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

225.0
221 5
3.5

237.5 230.6
235 1 224 9
2.5
5.7

234.2
230 5
3.7

236.6 237 3
235 5 237 0
1.1
.3

242.1
237 4
4.7

248 9
247 4
1.5

203.7
200 4
3.3

211.2
208.8
2.4

206.9
201.6
5.3

210.0
206.3
3.6

211.2
210.2
1.0

209.8 213.6
209.5 209.0
4.6
.3

217.6
216.1
1.5

287 2

311 2

296 9

303 1 307 8

320 3

326.7

235 2

245.8

239.8

242.7

244.4

246.9

249.2

251.4

73 5

75.2

63.7

62.1

60.2

61.3

60.8

62.3

64.0

65.8

660 7

664.7

672.0

679.6

689.7

602.7

606.0

612.5

619.6

628.9

599.2
574.4
24.7

608.7
584.3
24.3

15.6

16.0

Goods output

Services
Structures

76 5

77 8

75 2

313 5
79 0

81 8

84.8

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

743 3 785 0

Private

666 7

Business
Nonfarm
Farm
_

_

Households a n d institutions

__

Rest of the world..
General government




699.6

762 1
681 9

766 3
683 9

775.1

690.9

791 2
705 2

807 3
718 7

826 7

736.1

652 6
597 5

669 3

610.2

661 1

604.2

642 4
617.6
24 8

673 6
649 6
24 0

656 9
633 0
23 9

658 7
635 1
23 6

665 3
641 9
23 3

679 0
654 6
24 4

691 4
666 6
24 8

708 7
683 7
25 o

578 9
556 4
22 4

590 5
566.4
24 1

585 1
562.7
22 4

583.6
559.9
23 7

586.6
563.0
23 6

592.7
568.4
24.2

20.1

21.5

20 6

21.1

21 4

21 2

22 1

22 9

14 7

15.3

14.9

15.1

15.3

15.0

42

46

44

41

42

49

51

45

40

44

43

4.0

4.0

4.8

4.9

4.3

59.6

60.0

60.8

76 6

85 3

80 2

82 5

84 2

86 0

88 6

90 6

55 0

59 1

56 9

57.9

58.7

CURRENT BUSINESS STATISTICS

JLHE STATISTICS here update series published in the 1967 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS* That volume (price $2.50) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1963 through 1966 (1956-66 for major quarterly series), annually, 1939-66; for selected series,
monthly or quarterly, 1947-66 (where available). Series added or significantly revised after the 1967 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (f), respectively; certain revisions for 1966 issued too late for inclusion in the 1967 volume appear in the monthly
SURVEY beginning with the September 1967 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding
to revised annual data are available upon request.
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.
1965

Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS

| 1966

1967
I

II

|

1967

1966

1965
III

IV

I

|

II

III

| IV

I

II

1968
III

IV

I

Annual total
Seasonally adjusted quarterly totals at annual rates

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

•__

_ bil. $

683.9

743.3

785.0

662.7

675.4

690 0

708 4

725 9

736 7

748 8

762 1

766 3

775 1

791.2

807.3

' 826. 7

do

433.1

465.9

491. 7

420.2

428.1

436.4

447.8

458.2

461.6

470.1

473.8

480.2

489.7

495.3

501.8

'..518. 7

do
do
do_

66 0
29 9
27.0

70 3
29.8
29.9

72 1
29.3
32.0

65 2
30 4
25.8

64 2
29 2
26.1

66 1
29 8
27.3

68 6
30 3
28.9

71 6
31 4
29 4

68 2
28 5
29 1

70 9
29 8
30 6

70 6
29 6
30 6

69 4
27 3
31 4

72 5
29 7
31 9

72 7
29 9
32.1

73 8
30 1
32.6

do
do
do
_ _ _ _ do-

191 2
36.1
99 0
15 1

207. 5
40.3
106.7
16.2

217.5
42.8
110 6
17.5

184 6
34 6
95 6
14 3

189.8
35.6
98 3
15.1

192 4
36.2
99 4
15 3

198.0
37.8
102 5
15 7

203 2
39 5
105 2
15 8

207 1
39 8
107 0
16 2

209 5
41 0
107 3
16 3

210 3
40 8107 2
16 6

214 2
41 5
109 3
17 1

217 2
43 2
110 1
17 5

218.5
43.7
110 9
17. 5

220 3 r 228. 1
43. 1 '45.4
112 2 r 115 1
17.8
' 18.6

do
_do
do
do_

175 9
25 7
63.6
12.6

188 1
27. 0
67. 1
13.6

202 1
28 2
71.3
14.7

170 4
24 7
61 9
12 0

174 2
25 5
63 2
12.5

177 8
26 1
64 2
12.8

181 2
26 5
65.3
13.1

183 5
26 1
66 2
13. 2

186 3
26 9
66 5
13.5

189 8
27 4
67 4
13. 7

192 9
27 7
68 5
14 0

196 6
27 8
69 6
14 4

200 0
28 1
70 6
14 6

204 1
28.1
71.9
14.8

207 7
28 8
73.3
15.1

r

do

107.4

118.0

112.1

105.1

105.1

108.2

112.3

115.2

118.5

116.4

122.2

110.4

105. 1

112. 2

120.8

«• 118.0

98 0
71 1
25.1
46.0
27 0
26.4
9.4
84

104 6
80 2
27.9
52.3
24 4
23.8
13.4
13 7

107 0
82 6
26.8
55.7
24 4
23 9
5.2
48

94 4
67 3
23 1
44. 1
27 2
26 6
10.6
10 1

96 3
69 3
24 7
44.6
27 0
26 5
8.8
79

98 8
71 9
25 1
46.8
26 9
26 4
9.4
79

102 4
75 7
27 3
48.3
26 8
26 2
9.9
87

105 3
78 3
28 3
50.0
27 0
26 5
9.9
96

104 5
78 7
27 5
51.2
25 8
25 3
14.0
14 4

104 9
81 2
28 2
53.1
23 7
23 2
11.4
12 0

103 7
82 8
27 7
55.1
20 9
20 4
18.5
19 0

103 3
81 9
27 7
54.2
21 4
20 9
7.1
73

104 6
81 5
26 3
55.2
23 1
22 5
.5
6

108.4
82.8
26.6
56.2
25.6
25.0
3.8
3.4

111.6
84.0
26.7
57.3
27.6
27. 0
9.2
7.7

'115.4
87.2
' 28. 5
'5H.7
'28. 2
'27.6
'2.7
'1.8

do_
do
do___

6.9
39 1
32.2

5.1
43 0
37.9

4.8
45 3
40 6

6.1
35 1
28 9

8.2
40 7
32 6

7.4
40 3
32 9

61
40 5
34 4

6.1
42 0
36 0

5.4
42 5
37 1

4.6
43 7
39 0

4.3
44 0
39 7

53
45 3
39 9

5.3
45 1
39.8

5. 4
45.6
40.2

3.0
45.4
42 .4

'1.7
'47.2
'45.5

Govt. purchases of goods and services, total__do_
Federal
_
_ _ __do __
National defense
do
State and local
_ __
_ _
do

136.4
66.8
50 1
69 6

154.3
77.0
60 5
77.2

176.3
89 9
72 5
86 4

131.3
64 3
48 4
66 9

133.9
65 4
49 2
68 6

138.1
67.6
50 3
70 4

142.3
69 8
52 4
72 5

146.5
72 1
55 1
74 3

151.2
74.9
58 4
76 2

157.7
79.5
63 0
78.1

161.7
81 5
65 6
80 2

170.4
87 1
70 2
83 3

175.0
89.5
72 5
85.4

178.2
90.9
73.3
87.4

181. 7
92.2
74.2
89.5

'188.3
' 96. 2
'76.7
. ' 92. 1

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

: do___
do_ _
do
do. _
do
_do_ _

674.5
337.2
132 8
204.4
262 9
74.4

729.9
366.2
144 7
221.5
287 2
76.5

779 8
390 8
155 7
235 1
311 2
77 8

652 0
325 9
129 6
196 3
254 6
71.6

666 5
332 8
130 0
202.9
260 1
73.6

680 6
340 2
133 9
206. 3
266 0
74.4

698 5
349 9
137 9
212 0
271 0
77 6

716 0
359 6
143 2
216 4
276 6
79.9

722 6
361 7
141 6
220 1
283 5
77.4

737 4
370 3
145 8
224.5
291 6
75.5

743 6
373 2
148 3
224 9
296 9
73.5

759 2
380 9
150 5
230 5
303 1
75.2

774.6
391.6
156.0
235.5
307.8
75.2

787. 4
394.9
157. 9
237.0
313. 5
79.0

798.1
396.0
158. 6
237. 4
320.3
81.8

' 824. 0
412.5
165.1
247.4
326.7
84.8

_ do __
do
do

9.4
6.7
27

13.4
9.9
35

5.2
27
25

10.6
87
2 0

8.8
70
18

9.4
7.1
23

9.9
5.0
49

9.9
74
2 5

14.0
9.7
4 3

11.4
9.9
15

18.5
12.8
57

7.1
34
37

.5
—.6
1.1

3.8
3.5
.3

9.2
4.5
4.7

'2.7
1.2
1.5

Personal consumption expenditures, total
Durable goods total 9
Automobiles and parts
_ _ _ _
Furniture and household equipment.Nondurable goods, total 9
Clothing and shoes
Food and beverages
Gasoline and oil
Services total 9
Household operation
Housing
Transportation

_

_.
.

Gross private domestic investment, total
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

_ _
_

Change in business inventories
Durable goods
_
Nondurable goods

r
r

78 4
33. 2
'34.2

212. 1
29.1
'75.0
r 15. 5

GNP in constant (1958) dollars

616.7

652.6

669.3

601.5

609.7

620.7

634.4

645.4

649.3

654.8

661.1

660.7

664. 7

672.0

679. 6

689.7

Personal consumption expenditures, total. . _ .do. .... 398.4

418.0

430.1

389.1

394. 1

400.7

409. 9

416.2

415.2

420.4

420.4

424.2

430.6

431.5

434. 0

444.7

66.4
178 9
153 2

71.3
187 7
159 1

72.1
193 0
165 0

65.0
174 7
149 4

64.1
178 0
152.0

66. 8
179 3
154. 6

69.5
183 6
r
S6. 8

73.0
185 8
157.3

69.3
187 7
158.2

71.9
188 8
159.8

71.1
188 4
160.9

69.7
191 8
162 6

72.9
193.6
164.1

72. 7
192.8
166.0

73.0
193.6
167. 4

77.1
198.6
169.0

do_ _

98.0

105.6

96.9

95.9

95.9

98.3

101. 6

104.0

106.5

103.6

108. 4

96.9

91.3

96.4

103.0

99.5

do
do
do
do

89.1
66 0
23 2
8.8

93
72
20
12

0
g
2
6

92 1
73 0
19 1
48

86
62
23
9

6
9
7
3

87.9
64 5
23 4
8.0

89.6
66 7
23 0
8.7

92.4
69 7
22 6
9.2

94.5
71 8
22 8
9.5

93.1
71 7
21 4
13.4

93.0
73 6
19 4
10.6

91.2
74 2
17 0
17.2

90 2
73 0
17 3
6.7

90.9
72. 6
18.3
.4 -

94.4
92.9
•73.3
73.2
19.7 '-21.0
;
.8,7
. 3.5:

96.9
75.5
21.4
2.5

4.4

3.6

5.2

6.8

6,4

5.6

5.4

4.8

4.1

3.2

4.1

4.1

114.3
124.5 138.7
74 1
57 8
64 7
56.4
59.9
64.6
9 Includes data not shown separately.

111.3
56 3
551 0

112.9
57 1
55.8

115.3
58 5
56.7

117.4
59 3
58.0

119.9
61 2
58.7

122. 7
63 4
59.4

126. 6
66 4
60.1

129. 1
67.8
61.3

135.5
72 3
63,2

138. 7
74. 4
64. 3

Gross national product, total

__bil. $__

Durable goods
Nondurable goods
Services. _ _ _ _ _ _

_____do_ _
do
do

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

do_.__

Govt. purchases of goods and services, total. _do____
Federal.._
do
State and local__
do
r

Revised.

* Preliminary.

 297-178 0 - 6 8 - 3


6. 0

: 4-2
139.9
75. 1
64. 9

1. 9

.6

140.7
74.7
66.0

145.0
77. 9
67.1

SURVEY OF CURRENT BUSINESS

S-2

Unless otherwise stated, statistics through 1966 1965 | 1966 | 1967
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
Annual total

III

IV

I

II

1968

1967

1966

1965

II

May 196?

III

IV

II

I

III

IV

II

I

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
National income, total. _ . _

. bil. $

562.4

616.7

650.2

555.3

566.5

582.8

600.3

610.4

622.1

634.1

636.4

641.6

653.4

669.3 P686.2

do

393.9

435.7

469.7

388.6

397.2

408.4

420.8

430.7

441.2

450.2

459.1

463.4

472. 6

483.6

'497.6

do
do
do
do
__do

359.1
289.8
12.1
57.1
34.9

394.6
316.7
14.7
63.2
41.1

423.8
337.5
16.4
69.8
45.9

354.2
286.2
11.7
56.3
34.5

362.0
292.1
12.1
57.8
35.2

372.4
300.0
13.1
59.4
36.0

381.3
306.9
13.6
60.7
39.5

390.2
313.8
14.2
62.2
40.5

399.6
320.1
15.1
64.3
41.6

407.4
326.1
15.8
65.6
42.7

414.7
331.4
16.1
67.3
44.4

418.3
333.2
16.2
68.9
45.2

426.2
339.4
16.3
70.6
46.4

435.9
346.2
17.3
72.5
47.6

r447.6
••355. 9
17.6
74.0
50.0

do
do
do
do

_

56.7
41.9
14.8
19.0

59.3
43.2
16.1
19.4

58.4
43.6
14.8
20.1

56.7
41.7
15.0
18.9

57.2
42.0
15.2
19.1

57.8
42.5
15.3
19.2

60.0
42.8
17.1
19.2

59.3
43.3
16.0
19.3

59.2
43.3
15.9
19.4

58.6
43.4
15.1
19.6

57.8
43.2
14.6
19.8

57.8
43.4
14.3
20.0

58.8
43.8
15.0
20.2

59.3
44.1
15.2
20.4

59.9
44.4
15.5
20.6

74.9

82.2

79.6

73.4

74.9

78.7

81.1

81.3

81.9

84.6

78.1

78.3

79.2

82.7

*84.3

9.5
72.4
42.7
18.8
23.9

9.6
75.0
44.4
19.2
25.3

9.6
68.5
39.6
18.4
21.1

9.5
68.8
38.9
17.8
21.1

9.6
69.6
38.2
17.7
20.5

10.0
72.7
40.6
18.3
22.4

P10.5
*73.8

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

„

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
utilities
bil $
All other industries
do

8.4
66.5
38.7
16.5
22.2

9.3
72.9
43.1
18.7
24.4

9.7
69.9
39.3
18.0
21.3

8.4
65.0
37.7
16.0
21.6

8.4
66.5
38.6
16.5
22.1

8.6
70.0
41.0
17.4
23.7

8.9
72.2
42.7
18.3
24.3

9.0
72.2
42.5
18.5
24.0

11.2
16.6

11.9
18.0

12.0
18.6

10.9
16.5

11.2
16.7

12.0
17.0

11.7
17.8

12.0
17.8

11.8
17.9

12.0
18.6

11.7
17.3

11.9
18.0

12.1
19.3

12.3
19.8

Corporate profits before tax total
Corporate profits tax liability
Corporate profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Net interest

76.6
31.4
45.2
19.8
25.4
-1.7
17.9

83.8
34.5
49.3
21.5
27.8
-1.6
20.2

80.7
33.2
47.5
22.8
24.7
-1.2
22.4

75.6
30.9
44.6
19.4
25.2
-2.1
17.6

75.8
31.1
44.8
20.2
24.6
-.9
18.2

80.8
33.1
47.7
20.9
26.8
-2.2
18.8

83.7
34.5
49.2
21.4
27.8
-2.6
19.3

83.6
34.5
49.2
21.6
27.6
-2.3
19.8

84.0
34.6
49.4
21.6
27.8
-2.2
20.4

83.9
34.6
49.3
21.2
28.2
.7
21.1

79.0
32.5
46.5
22.2
24.2
-.8
21.6

78.9
32.5
46.5
23.1
23.4
-.7
22.1

80.0
32.9
47.1
23.4
23.6
-.8
22.7

85.1
35.0
50.1
22.4
27.6
-2.3
23.3

bil. $__ 537.8
do
65.6
do
472.2
do
445.0
do
27.2

584.0
75.2
508.8
479.0
29.8

626.4
81.7
544.7
505.9
38.7

530.1
66.1
464.0
439.9
24.0

544.6
65.2
479.4
448.5
30.9

556.1
66.7
489.4
460. 1
29.3

567.8
70.4
497.5
470.9
26.6

577.3
74.1
503.3
474.6
28.7

589.3
76.9
512.4
483.2
29.2

601.6
79.6
522.0
487.4
34.6

612.9
80.2
532.7
493.9
38.8

619.1
79.1
540.0
504.0
36.0

631. 0
82.8
548.2
509.6
38.5

642.5 '659.0
84.7 '87.5
557.9 '571.5
516.2 '533.5
41.6 '38.0

51.96
22.45
11.40
11.05

60.63
26.99
13.99
13.00

61.66
26.69
13.70
13.00

12.81
5.47
2.76
2.70

13.41
5.73
2.91
2.82

14.95
6.72
3.48
3.24

12.77
5.61
2.87
2.74

15.29
6.78
3.51
3.27

15.57
6.84
3.54
3.30

17.00
7.75
4.07
3.68

13.59
6.10
3.08
3.02

15.61
6.81
3.46
3.34

15.40
6.48
3.33
3.15

17.05
7.30
3.82
3.48

1.30
1.73
2.81
6.94
4.94
11.79

1.47
1.9S
3.44
8.41
5.62
12.74

1.42
1.53
3.88
9.88
5.91
12.34

.33
.44
.77
1.71
1.24
2.85

.32
.44
.72
1.88
1.22
3.10

.35
.46
.73
2.04
1.41
3.25

.33
.40
.75
1.60
1.26
2.83

.40
.55
1.00
2.09
1.42
3.06

.37
.48
.82
2.36
1.36
3.33

.38
.55
.86
2.36
1.58
3.52

.32
.41
.70
1.84
1.35
2.87

.34
.41
1.12
2.46
1.49
2.99

.37
.35
.98
2.66
1.46
3.09

.39
.36
1.07
2.92
1.62
3.39

do
do
do
do

50.35
21.55
10.80
10.70

52.75
23.00
11.75
11.25

55.35
24.15
12.45
11.70

58.00
25.60
13.15
12.45

60.10
25.80
13.85
12.95

61.25
27.55
14.35
13.20

62.80
27.75
14.50
13.25

61.65
27.85
14.20
13. 70

61.50
27.00
13.75
13.25

60.90
26.15
13.50
12.65

62.70
26.00
13.50
12.55

do
do_
do
do_ _
do
do

1.30
1.55
2.70
6.85
4.80
11.60

1.25
1.70
3.00
6.75
5.05
11.95

1.35
1.95
3.00
7.30
5.30
12.25

1.40
1.75
3.30
8.25
5.35
12.35

1.55
2.00
3.50
8.30
5.50
12.45

1.45
1.85
3.40
8.55
5.60
12.85

1.45
2.35
3.50
8.50
5.95
13.30

1.40
1.80
3.05
9.20
5.75
12.55

1.30
1.55
3.90
9.70
5.80
12.25

1.45
1.40
4.10
9.80
6.05
11.95

1.50
1.40
4.45
10.65
6.05
12.65

10,080 10, 119
6,925
6,811
212
230
1,353
1,474
1,565
1,629

10,511
7,203
209
1,469
1,630

10, 618
7,181
222
1,535
1,680

10, 913
7,382
206
1,587
1,738

10, 997
7,402
210
1,654
1,731

11, 352
7,671
339
1,575
1,767

11,353
7,712
336
1,545
1,760

11, 530
7, 626
237
1,842
1,825

do
do
do
do
_
do
___do
do

J

P88.8
P36.6
j>52.2
23.2
P28.9
'-4.5

23.9

DISPOSITION OF PERSONAL INCOME
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 §
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
bil. $
Manufacturing
^_ _ do
Durable goods industries^ _
do
Nondurable goods industries^
do
Mining
Railroad
Transportation, other than rail
Public utilities _
Communication
Commercial and other __

_

Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing
Durable goods industries^
Nondurable goods industries^
Mining
_
Railroad
Transportation, other than rail
Public utilities
Communication
Commercial and other

do
do
do
do
do
do

1 14.26 216.31
6.14
7.08
3.17
3.66
2.97
3.41
.35
.33
.92
2.25

.41
.30
1.11
2.78

34.27

34.62

164.80 264.30
28.00
28.10
14.60
14.55
13.40
13.55
1.55
1.45
4.00
11.25

1.60
1.15
3.90
10. 95

3 18. 55 3 18. 60

U.S. BALANCE OF INTERNATIONAL
PAYMENTScf
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants)
mil. $__ 39, 147
Merchandise, adjusted, excl. military
do
26,244
Military sales.
_
do
844
Income on U.S. investments abroad
do
5,888
Other services
do
6,171

43,039 p 45, 693
29, 168 p 30, 463
847 p 1, 272
6,245 P 6, 785
6,779 P7,173

10, 180
6,880
192
1,562
1,546

J>11, 458
p 7, 454 p 7, 993
P360
p 1,823
p 1,821

Imports of goods and services.
_
do
-32,203 -37, 937 p-40, 893 -8, 139 -8, 233 -8, 599 -8,997 -9, 265 -9, 762 -9, 913 -9,999 -10,033 -10,122 p-10,739 p-7, S3
Merchandise, adjusted, excl. military
do
-21, 472 -25, 510 p-26, 980 -5, 475 -5, 556 -5, 772 -6, 025 -6, 225 -6,580 -6,680 -6,662 -6, 558 -6,549 p-7,21
-969 -1,045 -1,070 -1,094 p-1,11
-953
-754
-861
-911
-785
Military expenditures
do
-711
-2, 921 -3, 694 p-4,319
-585 p-58
-547
-557
-563
-565
-471
-475
-469
-424
-435
Income on foreign investments in the U.S__do
-2, 074 p-2, 277
-1, 729
-1, 664 -1, 701 -1,735 -1,858 -1,894 p-1,83
Other services
do
-6, 081 -6, 659 p-7, 317 -1, 529 -1, 488 -1, 573 -1, 636 -1,658
Unilateral transfers, net (excl. military grants);
-849 p-62
-852
-728
-632
-709
-733
transfers to foreigners (— )
mil. $__ -2, 824 -2, 925 p-3,049
-660
-851
-775
-725
f
Revised.
p Preliminary.
1
sinners, and personal transfer payments to foreigners.
Estimates for Jan .-Mar. 1968 based on anticipated capital expenditures of business.
^Personal saving is excess of disposable income over personal outlays.
.
2 Estimates for Apr.-.Tune 1968 based on anticipated capital expenditures of business.
if Data for individual durable and nondurable goods industries components appear in the
Anticipated expenditures for the year 1968 are as follows (in bil.$): All industries, 65.23; manuMar., June, Sept., and Dec. issues of the SURVEY.
facturing, total, 27.93; durable goods industries, 14.39; nondurable goods industries, 13.54;
cfMore complete details are given in the quarterly reviews in the Mar., June, Sept., and Dec.
mining, 1.58; railroad, 1.27; transportation, 4.51; public utilities, 10.88; communication, 6.45;
issues of the SURVEY.
commercial and other, 12.60.
3 Includes communication.
9 Includes inventory valuation adjustment.




0.

_ J J

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