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SURVEY OF CURRENT BUSINESS

6

March 1976

NATIONAL INCOME AND PRODUCT TABLES
1974
1974

1975 *

III

1975
IV

I

II

1974
III

IV *

1975 *

1974

1975

III

IV

Seasonally adjusted at annual rates

I

II

III

IV *

Seasonally adjusted at annual rates

Billions of current dollars

Billions of 1972 dollars

Table 1.— Gross National Product in Current and Constant Dollars (1.1, 1.2)
1,406.9 1, 498. 9 1,424.4 1,441.3 1,433.6

Gross national product

, 460. 6 1,528.5 1, 572. 9 1,210.7 1, 186. 1 1,210.2 1,186.8 1, 158. 6 1, 168. 1 1,201.5

1, 216. 2

885.9

Personal consumption expenditures
Durable goods
-- - . . - .
Nondurable goods
Services

_ .-

963.8

907.7

908.4

926.4

950.3

977.4 1,001.0

759.8

766.9

767.2

748.9

752.3

764.1

771.6

779.4

121.9
375.7
388.3

128.1
409.8
426.0

128.9
383.9
394.9

117.3
387.1
404.0

118.9
394.1
413.4

123.8
404.8
421.6

131.8
416.4
429.2

137.6
423.7
439. 7

112.5
303.0
344.4

109.5
306.6
350.7

116.8
304.7
345.7

102.9
298.9
347.2

104.0
300.8
347.5

106.5
306.9
350.8

112.3
308.0
351.2

115.3
310.7
353.3

212.2

Gross private domestic investment
Fixed investment
Nonresidential
Structures
. ...
Producers' durable equipment
Residential
Nonfarm structures
Farm structures
Producers' durable equipment

_
- -

Change in business inventories
Nonfarm
Farm___ .
. _.
. .

182.6

207.6

210.3

168.7

161.4

194.9

205.4

180.0

138.3

173.2

166.9

129.7

124.1

147.8

151.4

202.5
147.9
54.4
93.5
54.6
52.2
1.0
1.3

197.3
148.5
52.7
95.8
48.7
46.8
.6
1.3

203.1
148.1
54.0
94.1
55.0
52.7
.9
1.4

199.8
151.1
56.1
95.0
48.7
46.3
1.2
1.3

193.5
149.3
54.9
94.4
44.2
42.6
.4
1.2

191.1
146.1
51.1
95.0
45.0
43.1
.5
1.3

197.1
146.7
51.2
95.6
50.4
48.2
.8
1.4

207.4
151.9
53.6
98.3
55.4
53.3
.7
1.4

172.2
127. 5
42.7
84.9
44.7
42.6
. .8
1.3

148.8
112.2
37.2
75.1
36.6
35.0
.4
1.1

169.0
125.0
40.6
84.4
44.1
42.0
.7
1.3

159.3
120.8
40.5
80.3
38.5
36.4
.9
1.2

148.7
115.2
38.9
76.3
33.6
32.3
.3
1.0

144.8
110.8
36.2
74.7
34.0
32.4
.4
1.1

148.7
110.6
36.2
74.5
38.0
36.2
.6
1.2

153.0
112.3
37.4
74.9
40.7
39.0
.5
1.2

9.7
11.6
-1.9

-14.6
-16.5
1.9

4.4
7.6
-3.2

10.4
13.7
-3.2

-24.8
-23.3
-1.5

-29.6
-29.6
-.1

-2.1
-5.7
3.6

-2.0
-7.5
5.6

7.7
8.5

-10.5
-11.8
1.3

4.2
5.6
-1.4

7.6
9.0
-1.5

-19.0
-17.9
-1.2

-20.7
-20.6
-.1

-.8
-3.3
2.5

-1.6
-5.3
3.7

o

7.7

Federal
.
National defense
Nondefense
State and local .

8.2

17.3

24.2

22.1

21.7

16.6

23.4

15.1

17.4

21.5

24.9

23.5

23.8

148.6
145.5

153.6
145.3

148.2
130.9

140.7
116.4

148.5
126.4

153.8
132.1

97.6
81.0

90.6
67.2

96.9
81.9

95.7
78.3

90.7
69.2

86.8
62.0

90.8
67.3

94.0
70.2

301.1

331.2

305.9

314.4

321.2

324.7

334.1

344.8

254.3

257.6

254.7

253.6

255.1

254.9

258.7

261.6

123.2
84.0
39.2
208.0

113.6
78.4
35.1
192.3

118.2
80.5
37.7
196.3

119.4
81.4
38.0
201.9

119.2
82.1
37.1
205.5

124.2
84.9
39.3
209.9

129.9
87.4
42.5
214.8

95.0

94.3

95.7

94.7

93.7

92.4

94.9

96.1

159.3

163.3

159.0

158.9

161.4

162.5

163.8

165.5

1,406.9 1,498.9 1,424.4 1,441.3 1,433.6 1,460.6 1,528.5 1, 572. 9 1,210.7 1, 186. 1 1,210.2 1, 186. 8 1, 158. 6 1, 168. 1 1,201.5

Government purchases of goods and services

3.2

147.8
126.5

111.7
77.4
34.3
189.4

Exports
Imports

21.3

144.2
136.5

Net exports of goods and services

1, 216. 2

Table 2.— Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
Gross national product
Final sales
Change in business inventories . _ _

1,397.2 1, 513. 5 1, 420. 0 1, 430. 9 1,458.4 1,490.2 1, 530. 6 1, 574. 9 1, 203. 0 1, 196. 6 1, 206. 0 1, 179. 3 1, 177. 6 1, 188. 7 1, 202. 4 1,217.8
-1.6
-.8
4.2
7.6 -19.0 -20.7
4.4
-2.1
-2.0
10.4 -24.8 -29.6
7.7 -10.5
9.7 -14.6
636.3

676.3

644.6

647.7

635.4

653.9

698.9

716.8

549.9

530.1

552.4

531.9

510.1

518.4

542.7

549.4

Final sales
Change in business inventories

626.5
9.7

690.9
-14.6

640.2
4.4

637.3
10.4

660.2
-24.8

683.5
-29.6

701.1
-2.1

718.7
-2.0

542.2
7.7

540.7
-10.5

548.2
4.2

524.4
7.6

529.2
-19.0

539.0
-20.7

543.5
-.8

551.0
-1.6

Durable goods
Final sales
Change in business inventories. .

246.1
238.5
7.5

251.1
261.7
-10.6

251.7
245.8
5.9

254.1
239.3
14.9

229.2
243.8
-14.6

243.3
258.8
-15.5

261.9
267.5
-5.6

269.9
276.7
-6.8

223.5
217.7
5.8

203.4
211.4
-7.9

226.0
221.6
4.4

215.9
205.2
10.7

191.6
203.4
-11.7

198.2
209.7
-11.5

210.7
214.3
-3.7

213.3
218.1
-4.7

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

390.2
388.0
2.2

425.2
429.2
-4.0

393.0
394.4
-1.4

393.6
398.0
-4.4

406.2
416.4
-10.2

410.6
424.7
-14.1

437.0
433.5
3.5

446.9
442.1
4.8

326.5
324.5
1.9

326.7
329.3
-2.6

326.4
326.6
-.2

316.1
319.2
-3.1

318.5
325.8
-7.3

320.2
329.4
-9.2

332.0
329.2
2.8

336.1
332.9
3.1

Services

624.1

681.3

632.5

649.7

659.3

672.0

688.1

705.9

544.7

554.4

545.1

548.1

548.1

552.5

556.7

560.3

Structures

146.6

141.3

147.2

143.9

138.9

134.6

141.4

150.3

116.1

101.5

112.7

106.8

100.4

97.2

102.2

106.4

1 406 9 1 498 9 1 424 4 1 441 3 1 433 6 1 460 6 1 528 5 1 572 9 1 210 7 1 186.1 1,210.2 1, 186. 8 1, 158. 6 1, 168. 1 1,201.5

1,216.2

Goods

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product
Gross domestic product
Business
Nonfarm p
Farm
Statistical ldiscrepancy
Residual *> .
Households and institutions
Government
Federal _ _
State and local.
Rest of the world

1 392 5 1 488 4 1 410 6 1 426 6 1 424 0 1 450 6 1 516 9 1 562 2 1 203 7 1, 181. 3 1, 204. 6 1, 180. 3 1, 154. 3 1, 163. 5 1, 196. 1 1,211.3
972.1 979.5 1,011.1 1, 025 . 7
1 186 6 1 262 6 1 203 11 913 2 1 205 5 1 227 4 1 289 2 1 328 3 1 024 4 997.1 1 024.7 1,000.1
986.1
939.6 954.3 977.1
965.8
991.8
1 138 7 1 215 5 1 155 6 1 161 7 1 162 9 1 191 3 l' 237 5 1 270 4 993 5 964.3
36.8
36.5
32.3
35.0
31.9
31.0
54 4
48.5
45 1
31 5
35.1
48 6
45 8
45 1
50 1
55 0
29
24
—3 2
36
— 6
—2 9
—8 9
32
2.8
-2.5
-7.1
2.4
-2.6
2.0
-2.4
—.5

44.8

49 5

45.6

46 5

47.5

50 2

51.6

161 1
54 7
106 4

176 3
58 8
117 4

161.9
54 3
107 6

166 9
56 9
110 0

170 9
57 6
113 3

174 5
58 1
116 4

177 4
58 6
118 8

182 2
61 0
121 2

14.4

10 5

13 7

14 8

96

10 0

11 6

10 7

* Corporate profits (and related components and totals) for the fourth quarter of 1975 are
preliminary and subject to revision next month.
Preliminary.
1. Equals GNP in constant dollars measured as the sum of final products less GNP in
constant dollars measured as the sum of gross product by industry.




48 7

39.2

38.8

38.4

38.8

39.2

39.4

39.2

140 8
47 9
92 9

145.1
47 8
97 3

141.1
48 0
93 1

141.8
47.9
94.0

143.5
47.9
95.7

144.8
47.8
97.0

145.7
47.8
97.8

146.3
47.7
98.7

7 0

4.8

5.6

6.5

4.3

4.5

5.4

4.9

38 5

NOTE.—Final sales is classified as durable or nondurable by type of product. Change in
business inventories is classified as follows: for manufacturing, by the type of product produced by the establishment holding the inventory; for trade, by the type of product sold by the
establishment holding the inventory; for construction, durable; and for other industries.
nondurable.

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 $6.80) 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 (t), 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.
1973

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

1975

| 1974

1972
IV

1973
I

1975

1974
III

II

IV

Annual total

i | ii

Til

I

IV

II

|

III

| IV

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
1,406.9

1,498.9

1,219.4

1,319.7

1,352.7

1,370.9

1,391.0

1,424.4

1,441.3

1,433.6

1,460.6

1,528.5

1,572.9

Personal consumption expenditures, total. .do

808.5

885.9

963.8

761.8

785.7

800.5

818.4

829.5

849.5

877.8

907.7

908.4

926.4

950.3

977.4

1,001.0

Durable goods total 9
do
Motor vehicles and parts
do
Furniture and household equipment. .-do

122 9
54.4
50.7

121 9
48 0
54.7

128 1
49 5
57.4

117 6
53 8
47.1

124 8
58 2
49.3

124 4
56 4
50.4

123 7
54.4
51.2

118 9
48 4
51.9

118 4
46 1
53.4

123 1
48.7
55.0

128 9
53.5
55.9

117 3
43.6
54.3

118.9
44.6
54.1

123.8
46.1
57.0

131.8
52.1
58.3

137.6
55.1
60.4

Nondurable goods total 9
Clothing and shoes
Food
Gasoline and oil

Gross national product, total f

bil.$._ 1,306.3

1,265.0 1,287.8

-

Services total 9
Household operation
Housing
Transportation

do __
do
do
do

334.4
61 4
168 0
28.3

375.7
65 2
189 4
36.4

409.8
69 9
209 1
40.3

311 2
57 9
155 1
26 1

321 4
60 1
161 2
26.7

328
60
164
27

0
9
3
4

339.6
61 9
171 4
28.5

348.5
62 8
175 2
30.6

359.8
64 3
181.3
31.7

371.9
65 3
185.4
37.1

383.9
66 5
193.2
38.2

387.1
64 8
197.4
38.8

394.1
66.7
202.8
38.1

404 8
69.0
206.6
39.6

416.4
71.3
211.4
41.2

423.7
72.5
215.6
42.1

-

-

do do
__do
do ..

351 3
50 3
123 1
27 8

388 3
56 4
136 0
30 9

426.0
63 3
148.8
34.1

333 0
47 9
115 6
26 7

339 5
48 ?
118 9
27 2

348
49
121
27

2
8
9
6

355
51
124
28

362 2
51 9
126 8
28.5

371.2
52 7
131 4
29.7

382.8
55 6
134 2
30.4

394.9
57 9
137.4
31.4

404.0
59 2
140.7
32.1

413.4
60 6
143.9
33.0

421.6
63.1
147.0
33.5

429.2
64.7
150.2
34.2

439.7
64.9
154.1
35.5

2
4
7
0

do __

220 5

212 2

182.6

200 5

211 7

217 1

221 2

231 9

218 4

212 7

207.6

210.3

168.7

161.4

194.9

205.4

Fixed investment
Nonresidential
Structures
_.
Producers' durable equipment

..do
do __
do
do

203 0
136 5
49.0
87 5

202
147
54
93

5
9
4
5

197. 3
148.5
52.7
95.8

189 7
123 8
44 0
79 9

199 3
131 0
46 3
84 8

202
134
47
86

8
5
7
7

205 6
138 5
50.3
88 2

204 2
141 8
51.5
90 4

203 5
145.9
53.4
92 5

203 4
146.6
54.1
92 4

203.1
148.1
54.0
94 1

199.8
151.1
56.1
95.0

193.5
149.3
54.9
94.4

191.1
146.1
51.1
95.0

197.1
146.7
51.2
95.6

207.4
151. 9
53.6
98.3

Residential
Change in business inventories
Nonfarm
.

- do
. do
do

66.5
17 5
14 1

54.6
97
11 6

48 7
14 6
16 5

65 9
10 8
10 3

68 2
19 4
10 1

68.3
14 3
11 0

67.0
15 6
11 0

62.4
27 7
24 0

57.6
14 9
14.1

56.9
9 3
11 0

55.0

48.7
10.4
13.7

44.2
— 24. 8
-23.3

45.0
-29.6
-29.6

50.4
-2.1
-5.7

55.4
-2.0
-7.5

7 4
101. 5
94.2

r 21 3

T 147 g
126 5

—2 1
79 0
81 1

2 0
89 4
87.4

4 5
96 6
92.1

10 2
105.2
95.0

12 8
114 9
102.0

15 6
133.1
117.5

4 0
141.6
137.6

8.2

144 2
136.5

148.6
145.5

153.6
145.3

17.3
148.2
130.9

94 2
140.7
116.4

22.1
148.5
126.4

269.9
102 0
73 4
168 0

301.1
111 7
77 4
189 4

331.2
193 2
84 0
9Q8 0

259.2
102 3
73 3
157 o

265.7
104 1
74 0
161 6

265.7
99 9
73 0
165 8

270.0
100 0
72 3
170 0

278.4
104 o
74 2
174 5

287.5
106 1
74 8
181 4

296.5
108 9
75 8
187 6

305.9
113 6
78.4
192 3

314.4
118.2
80.5
196.3

321.2
119.4
81.4
201.9

324.7
119. 2
82.1
205.5

334.1
124.2
84.9
209.9

1 325 0 1 356.1 1,381.7 1,420.0
640 2
607 9
620 6
600 1
237 7
245 8
230 2
231 4
394.4
383.0
376 6
369 9
632 5
602 1
612 0
578 8
149.1
147.2
146 1
146.1

1,430.9
637.3
239.3
398.0
649. 7
143.9

1,458.4
660.2
243.8
416.4
659.3
138.9

1,490.2
683.5
258.8
424.7
672.0
134.6

Gross private domestic investment, total

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

do
1 288 8 1 397 2 rl
do
582 3
626 5
-- do _
228 8
238 5
do
353 5
388 0
559 5
694 i r
.. do _ _
do
147 0
146 6

_

do
do
do

17.5
10 3
7 2

9.7
75
2 9

bil.$.. 1, 233. 4

.

1,210.7

513 5 1 2086
6()0 <)
538 6
261 7
213 0

1 252 6 1,273 5 13041
589 7
565 6
573 9
226 5
228 2
230 2
359 5
339 0
345 6
552 7
565 8
540 8
146 3
148 6
147 0

4.4
7.6

3.2

'21.7
' 153. 8
132. 1

T

344.8
129.9
87.4
214.8

1,530.6 '1,574.9
718.7
701.1
276.7
267.5
442.1
433.5
' 705. 9
688.1
150.3
141.4

141 3

325 6
529 3
140 7

-14.6
— 10 6
—4 0

10.8
11 8
—1 0

12.4
6 8
5 6

14.3
9 5
4 9

15.6
11 4

4.2

27.7
13 5
14 2

14.9
6 7

9.3
2 7

6.5

4.4
5.9
—1.4

10.4
14.9
-4.4

-24.8
14.6
-10.2

-29.6
-15.5
-14.1

1,202.2

1,227.7

1,228.4

1,236.5

1,240.9

1,228.7

1,217.2

1,210.2

1,186.8

1,158.6

1,168.1

763.2

767.2

748.9

752.3

764.1

771.6

779.4

104.0
300.8
347.5

106.5
306.9
350.8

112.3
308.0
351.2

115.3
310.7
353.3

129.7

124.1

147.8

151.4

148.7
115.2
33.6
-19.0

144.8
110.8
34.0
-20.7

148.7
110.6
38.0

153.0
112.3
40.7

49() 9
681 3

8.2

-2.1
-5.6
3.5

-2.0
-6.8
4.8

GNP in constant (1972) dollarsf
Gross national product, totalf

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

do ..
. do
do

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

do

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

766.3

759.8

r 1, 186.

1

765.8

766.2

770.5

762.8

760.0

766.9

752.8

124 0
310 6
331 2

122 7
308 2
335 3

121 2
311 4
337 9

115 7
308 3
338 9

114 7
304.5
340 8

115 5
303.8
343 9

116.8
304.7
345.7

102.9
298.9
347.2

205.0

206.1

206.0

212.6

195.9

183.8

173.2

166.9

120 9
309 6
335 8

112 5
303 0
344 4

109 5
306 6
350 7

117 g
306 4
328 8

207.4

180.0

138.3

197.6

191 4
131 3
60.1
16.0

172 2
127 5
44.7
7.7

148 8
112 2
36 6
-10.5

186 7
122 9
63.8
10.8

7.2

16.6

'23.4

-1.4

193 2
128 6
64.5
11.9
2.1

252. 5
254.3
253.2
254.7
257.6
96 1
95 0
94 3
100 4
99 6
156.3
159. 3
154. 3
1fi3.3 153. fi
r
Revised.
v Preliminary.
t Revised series. Estimates of national income and
product and personal income have been revised back to 1946 (descriptive material and earlier
data appear in the Jan. 1976 SURVEY, Parts I and II); revisions prior to Nov. 1974 for personal

192 5
130 2
62.3
13.6

191 8
132 4
59.4
14.2

188 2
133 9
54.3
24.4

183 6
134 5
49.1
12.4

177 0
129.9
47.1
6.8

169.0
125.0
44.1
4.2

159.3
120.8
38.5
7.6

1,201.5 '1,216.2

23.5
24.9
21.5
17.4
15.1
12.1
18.7
15.3
8.9
5.6
258.7
254.9
255.1
253.6
254.7
251.1
253.5
254.0
255.0
250.5
94.9
92.4
93.7
94.7
95.7
94.7
94.7
94 2
94 9
94 9
163.8
162. 5
161.4
158.9
160.2
159.0
155. 5
156. 9
158. 5
159.3
income appear in table 2.2 in the Jan. 1976 SURVEY.
9 Includes data for items not
separately.

S-l
203-211 O - 76 - SI




'23.8
261.6
96.1
165. 5
shown

SURVEY OF CURRENT BUSINESS

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

1973

1975

1974

1973

II

Annual total

III

March 1976

1974

IV

II

1975

III

IV

1976

III

IV

II

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCTf— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
Implicit price deflators :t
Gross national product
Index, 1972=100..
Personal consumption expenditures. _.do.
Durable goods
do
Nondurable goods
..do
Services
- -.do
Gross private domestic investment:
Fixed investment
do
Nonresidential .
.
..do. .
Residential
do
Govt. purchases of goods and services
do
Federal
-- --do
State and local
do

116.20
116.6
108.4
124.0
112.7

126. 37
125.7
116.9
133.6
121.5

104.84
104.5
101.4
106.4
103.8

106.73
106.2
102.0
109.0
105.1

109.01
108.8
102.8
113.1
106.9

111.58
111.8
103. 2118.2
108.9

114.28
115.0
106.6
122.4
111.3

117.70
118.3
110.4
126.0
114.2

121.45
121.3
114.0
129.5
116.4

123.74
123.1
114.4
131.0
119.0

125.04
124.4
116.3
131.9
120.2

127.21
126.7
117.4
135.2
122.2

129. 33
128 4
119.4
136.4
124 4

106.0
104.0
110.6
106.9
106.1
107.5

117.6
116.0
122.1
118.4
117.6
118.9

132.6
132.3
133.3
128.6
130.6
127.4

105.3
103.3
109.7
106.1
105.3
106.6

107.2
104.7
112.9
107.5
106.1
108.3

108.5
106.0
114.9
109.8
109.5
110.0

110.9
108.5
117.4
113.2
112.1
113.8

115.0
112.9
120.7
116.3
114.9
117.1

120.2
118.5
124.9
120.1
118.6
121.0

125.4
125.0
126.7
124.0
124.8
123.6

130.1
129.6
131.6
125.9
127.3
125.1

131.9
131.8
132.3
127.3
128.9
126.4

132.6
132.6
132.5
129.2
130.9
128.2

135 5
135.3
136 1
131.8
135.3
129 8

bil. $.. 1,067.3 1,141.1 p 1,208.1 1,052.9 1,078.1 1,106.8 1,122.3 1,129.6 1,151.3 1,161.3 1,155.2 1,180.8 1,232.5

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

1 264 0

797.7
700.9
552.3
22.1
126.5
96.8

873.0
763.1
603.0
22.3
137.7
110.0

921.4
801.6
627.3
23.0
151.3
119.8

787.8
692.5
545.5
21.9
125.2
95.3

805.4
707.6
558.2
21.8
127.7
97.8

828.0
727.1
573.9
22.5
130.7
101.0

843.9
738.7
583.1
22.3
133.3
105.2

863.9
755.6
597.6
22.1
136.0
108.3

886.3
774.3
613.6
21.9
138.8
112.0

898.1
783.6
617.7
23.0
143.0
114.4

897.1
781.0
611.7
22.9
146.4
116.1

905.4
787.6
615.0
22.8
149.7
117.8

928.2
807.3
631.9
22.8
152.6
120.9

955 1
830 7
650 5
23.6
156 5
124.4

91.7
32.4
59.3

85.1
25.6
59.5

83.3
24.6
58.7

90.1
31.2
58.9

95.0
35.2
59.7

96.0
36.8
59.3

93.0
33.7
59.3

81.8
22.3
59.5

82.1
21.9
60.2

83.6
24.6
59.0

79.6
21.0
58.6

78.6
20.1
58.5

88.0
29.3
58.7

'87.1
28.2
58.9

21.3

21.0

21.1

21.2

21.3

21.1

21.1

21.0

20.9

20.9

20.8

20.5

20.9

22.0

100.2

91.3

plOO.7

99.6

98.9

99.6

94.3

89.2

82.0

78.9

96.6

113.1 P 114. 1

91.7
17.4
74.3
43.8
24.0

82.5
17.3
65.3
37.4
11.8

p 100. 4
P 16.2
P84.2
P 45. 8
P 18.1

90.8
17.5
73.2
44.8
24.7

91.4
17.4
74.0
42.6
23.8

92.0
17.9
74.1
42.4
20.9

85.9
17.2
68.7
40.9
16.5

87.2
17.1
70.2
39.8
11.6

82.0
18.3
63.7
37.0
9.7

75.1
16.5
58.6
31.9
9.2

77.6
18.3
59.3
30.0
8.9

95.7
15.5
80.2
43.5
16.0

113.4
14.9
98.6
54.6
24.5

8.5
6.8

7.0
11.0

P 5. 9

8.1
6.6

8.6
6.5

8.2
7.7

6.2
14.4

7.3
8.8

7.7
10.0

6.7
11.0

5.1
5.8

7.9
5.8

11.3
6.2

117.0
48.2
68.8
27.8
40.9

132.1
52.6
79.5
31.1
48.4

p 117.1
P45.7
P 71. 4
32.8
*>38.6

117.9
48.8
69.1
27.2
41.9

115.8
47.8
68.0
28.1
39.9

119.1
48.6
70.5
29.5
41.0

128.3
49.4
78.9
30.0
48.9

129.6
52.6
77.1
30.9
46.2

146.7
59.3
87.4
31.7
55.7

123.9
49.2
74.7
31.7
43.0

97.1
37.5
59.6
32.1
27.5

108.2
41.6
66.6
32.6
34.0

129.5
50.7
78.8
33.5
45.3

p 133. 8
P53.2

-18.4
1.6
56.3

'-10.8
-38.5
-5.7
-2.3
81.6
70.7

-20.6
2.2
54.3

-17.9
1.0
57.6

-19.5
.7
61.3

-28.0
-.7
64.8

-33.7
-1.7
68.7

-54.7
-2.7
72.7

-37.7
-4.2
76.7

-13.7
-4.5
78.7

-6.6
-5.0
79.7

-9.9
-6.5
82.2

-13.1
-6.6
85.7

bil. $
do
do
do
do

1, 054.3
151.2
903.1
830.4
72.7

1,154.7 1, 245. 9
169.2
171.2
983.6 1, 076. 7
987.8
909.5
88.9
74.0

1,039.0
147.3
891.7
821.8
70.0

1,067.8 1,098.8
153.7
158.9
914. 1 939.9
853.4
840.3
86.5
73.8

1,115.9
162.1
953.8
872.6
81.2

1,136.6
168.4
968.2
901.4
66.8

1,171.6 1,194.8 1,203.6 1,223.8 1,261.7 1,294.5
142.1
175.3
178.9
174.6
179.6
180.5
996.3 1,015.9 1,024.0 1,081.7 1, 087. 1 1,114.0
931.7
974.2 1,001.3 1 025.4
932.4
950.4
64.6
107.5
83.6
85.9
73.6
88.6

bil $
do
do
.do

99.74
38.01
19.25
18.76

112. 40
46.01
22.62
23.39

112. 78
47.95
21.84
26.11

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

28.16
11.27
5.59
5.69

28.23
11.62
5.65
5.96

31.92
13.63
6.64
6.99

25.82
10.84
5.10
5.74

28.43
12. 15
5.59
6.55

27.79
11.67
5.16
6.51

' 30. 74 ' 126. 56 i
' 13. 30 ' 11. 05
'5.99
4.94
'7.30 ' 6.12

30. 19
12.84
5.65
7.19

do
do
do
do
do

61.73
2.74
1.96
2.41
1.66

66.39
3.18
2.54
2.00
2.12

64.82
3.79
2.55
1.84
3. 18

15.57
.71
.46
.72
.43

15.42
.69
.48
.57
.44

17.05
.71
.56
.60
.47

14.61
.68
.50
.47
.34

16.89
.78
.64
.61
.49

16.61
.80
.64
.43
.58

18.29
.91
.78
.48
.71

14.98
.91
.59
.44
.62

16.28
.97
.71
.47
.77

16.12
.94
.62
.50
.85

' 17. 44 ' 15. 51
'.97
'.89
'.62
'.49
.43
' .35
'.93
'.67

17.35
.97
.51
.39
.82

do
do
..do
do
.do

18.71
15.94
2.76
12.85
21.40

20. 55
17.63
2.92
13.96
22.05

20.14
17.00
3. 14
12.74
20.60

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

5.30
4.56
.75
3.60
5.46

5.20
4.42
.78
3.39
5.57

5.67
4.80
.87
3.78
5.97

4.42
3.84
.58
3.11
4.88

4.94
4.15
.79
3.22
5.19

5.07
4.16
.91
3.14
5.00

do
do
do
do

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

111.40
45.32
22.50
22.82

113.99
47.04
23.08
23.96

116. 22
48.08
23.28
24.80

114.57
49.05
22.86
26.20

112.46
48.78
22.59
26.19

do .
do
do
do
do

61.18
2.77
1.75
2.72
1.62

62.09
2.82
1.95
2.49
1.79

63.12
2.76
2.05
2.20
1.73

64.31
2.80
2.10
2.13
1.63

66.08
3.07
2.42
2.21
1.84

66.94
3.27
2.68
1.84
2.16

68.14
3.56
3.05
1.81
2.71

65.52
3.76
2.39
2.09
2.82

63.68
3.78
2.70
1.60
2.75

64.76
3.82
2.75
2.12
2.99

' 64. 98 ' 68. 47 68.17
3.78
'3.82 '3.70
1.96
'2.39 '2.04
1.34
' 1.65 ' 1.64
3.11
'3.49
'3.56

do
do
do
do
do

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

20.97
18.10
2.87
13.94
21.63

20.16
17.47
2.68
14.01
22.84

20.93
17.76
3.17
14.04
22.04

20.28
17.03
3.25
13.36
20.82

19.52
16.41
3.11
12. 50
20.83

19.79
16.58
3.21
12.95
20.34

' 20. 91 ' 23. 21 23.17
19.81
' 17. 92 ' 19. 58
3.36
'3.64
'3.00
12.22
' 20. 44' 2 34.39 2 34. 81

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

Proprietors' income with inventory valuation
and capital consumption adjustments,
total
bil. $..
Farm
do
Nonfann
. do . .
Rental income of persons with capital consumption adjustment
bil. $
Corp. profits with inventory valuation and capital consumption adjustments total
bil $
Corp. profits with invent, val. adj.:
Domestic, total
do
Financial
. do
Nonfinancial total 9
do
Manufacturing total 9
do
Durable goods
..
..do
Transportation, communication, and
Rest of the world

do

Profits before tax, total
Proflts tax liability
Profits after tax
Dividends
Undistributed profits

do_.
do
do
do
do

Capital consumption adjustment
Net interest
DISPOSITION

105. 92
105.5
101.7
108.0
104.6

do
do

100.4

p 115.0
P16.1
P98.9

p5 8

33.1

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§
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
Manufacturing
Durable goods industries If
Nondurable goods industries *f
Nonmanufacturing .
Mining
.
Railroad
Air transportationOther transportation
Public utilities
Electric. .. .
.
Gas and other _ _
Communication
Commercial and other

.
. . .

.

Seas. adj. qtrly. totals at annual rates:
All industries..
Manufacturing. .
Durable goods industries t - Nondurable goods industries 5
Nonmanufacturing
Mining
.
Railroad
Air transportation
Other transportation

.

Public utilities
Electric
Gas and other
Communication
Commercial and other.. ....

' Revised.
p Preliminary.
1 Estimates (corrected for systematic biases) for Jan.Mar. 1976 and Apr.-June 1976 based on expected capital expenditures of business. Expected
2
expenditures for the year 1976 appear on p. 18 of the Mar. 1976 SURVEY.
Includes communication.
fSee cprresponding note on p. S-l.
9 Includes data for items not shown




'5.70 '5.07
5.86
5.01
'4.85 '4.41
.86
'.85
'.65
3.26
'5.52 ' 2 8. 04 28.79

112.16 '111.80 ' 1 118.70 1 119. 62
51.45
47.39 ' 46. 82 ' 50. 24
21.01 ' 21. 07 ' 22. 32 22.74
26.38 ' 25. 75 ' 27. 92 28.72

separately.
0Personal outlays comprise personal consumption expenditures, interest
paid by consumers to business, and personal transfer payments to foreigners (net).
§Personal saving is excess of disposable income over personal outlays.
f 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