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SURVEY OF CURRENT BUSINESS

October 1974

13

NATIONAL INCOME AND PRODUCT TABLES
1973
1972

1973

II

III

1973

1974

IV

I

II

III*

1972

1973

II

III

Seasonally adjusted at annual rates

1974

IV

I

II

III P

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

792.5

839 2

837.4

840 8

845 7

830 5

827 1

821 1

729.0

805.2

799.0

816.3

823.9

840.6

869.1

899.9

527.3

552.1

553.7

555.4

546.3

539.7

542 7

546 7

118.4
299 7
310 9

130 3
338 0
336 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

136 0
388 1
375 9

104.9
220 2
202 2

113.6
228 6
209 9

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

107 9
225 0
213 8

179.3

209.4

205.1

209.0

224.5

210.5

211.8

204.6

125.0

138.1

136.3

135.8

145.8

133.3

130 3

122 1

170.8

194.0

194.4

197.1

195.5

193.6

198.3

198.8

118.0

127.3

128.4

127.7

125.8

122.7

122.2

118 9

116.8
41. 1
75.7
54 0
63.4
.6

136 8
47 0
89.8
57 2
56 7
.5

135 6
46 2
89.4
68 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
61.3
93.9
48 4
47.8
.7

149 4
52 2
97.2
48 8
48 0
.8

152 5
51.4
101.1
46 3
45.5
.8

83.7
23.8
59.8
34.3
33.9
.4

94 4
25.4
69.0
32 9
32.6
.3

94.3
25.1
69.2
34.1
33.9
.2

95 1
25.6
69.6
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

95
25
69
23
23

8.5
78
.7

15 4
11 4
4 0

10 7
7 7
30

11.8
7 4
44

28 9
24 o
49

16.9
13 1
38

13 5
10 4
31

58
31
27

7.0
6 4
.7

10.8
89
18

7.8
6 3
1.6

8.0
6 2
19

20.0
17 9
21

10.6
87
18

82
6 4
18

1,158 0 1 294 9 1 277.9 1 308 9 1,344 0 1,358 8 1, 383. 8 1 411 6

Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential.
Structures
Producers' durable equipment
Residential structures
Nonfarm
Farm
Change in business inventories Nonfarm
Farm
Net exports of goods and services

-6.0

3
7
6
6
1
4

32
18
15

Federal
National defense
Other
State and local

,5

6.7

93

11.3

-1.5

-4.1

-3.0

4.6

3.5

5.8

7.9

11.5

82

6 9

100 4
96 4

95 4
94 9

103 7
96 9

113 6
104 3

131 2
119 9

138 5
140.0

143 9
148 0

65.7
58.7

66 6
62.0

65.9
62.4

66.9
61.1

68.9
61.0

73 3
61 8

73 4
65 1

70 7
63 8

255.7

276.4

273.3

276.9

286.4

296.3

304.4

311.2

143.1

144.4

143.9

143.7

145.7

146.0

145.8

145.4

104 9
74 8
30.1
150 8

Government purchases of goods and services. - .

39

72 4
78.4

Exports .
Imports..

106
74
32
169

106
74
32
167

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

116
78
37
194

61 0

67 3

67 7

66 2

66 4

66 3

66 3

56 1

82 1

87 0

86 2

87 5

89 3

89 7

89 5

89 3

6
4
2
8

2
0
2
1

4
8
7
8

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 1 277 9 1 308 9 1 344 0 1 358 8 1 383 8 1 411 6

Goods output . .

792.5

839. 2 ' 832.8

837.4

840.8

845.7

830.5

821.1

1 149 5 1 279 6 1 267 2 1 297 0 1 315 1 1 341 9 1 370 3 1 405 8
85
15 4
10 7
28 9
16 9
58
11 8
13 5

Final sales .. .
Change in business inventories

785 4
7.0

828 4
10.8

825.6
7.3

829.6
7.8

832.7
8.0

825.7
20.0

819.9
10.6

817 8
3.2

622 7

611 6

629 9

653 6

651 9

664 9

678 9

425 5

459 1

455.1

457.6

458.8

465.1

449.1

444.3

Final sales
Change in business inventories

635 2
8.5

607 3
15.4

600 9
10.7

618 0
11.8

624 7
28.9

635 0
16.9

651 3
13.5

673 1
5.8

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

441 1
3.2

Durable goods
Final sales
Change in business inventories

221 4
214 3
7.1

250 3
240 9
9.4

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

264 8
261 1
3.7

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

200 0
197.7
2.3

Nondurable goods
Final sales
Change in business inventories

322.4
321.0
1.4

372.4
366 5
6.0

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

414.1
412.0
2.1

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
250.2
8.6

248.9
244.2
4.7

244.3
243.4
.9

Services.

488 1

534 4

528 3

540 2

553 2

569 7

579 2

595 9

291 4

304 5

299 9

303 5

306.9

307.8

310.7

310.3

Structures

126.1

137 8

138 0

138 8

137.2

137 1

139 7

136.9

75.6

75.5

77.8

76.3

75.1

72.8

70.7

66.5

845.7

830.5

827.1

821.
818.
734.
706.
28.

543 8

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

1 158 0 1 294 9 1 277 9 1 308 9 1 344 0 1 358 8 1 383 8 1 411 6

Households and institutions

Rest of the world
Addendum : Gross private product

839.2

837.4

840.8

_ _ ..

1,151.5 1,286.5 1,269.9 1,300.6 1,335.2 1,344.0 1,374.1 1,401.4

787.7

833.9

832.4

835.7

840.7

823.5

824.1

977 9 1 096 8 1 082 4 1 109 2 1 138 8 1 143 1 1 168 8 1 192 0
942.6 1 040 3 1 029 0 1 049 0 1 074.5 1 082 6 1 117.8 1 142 3
35 3
53 4
60 2
64 4
60 5
51 1
56 5
49 8

. .

..

General government-.. . _ . ..
Federal
State and local

792.5
709.4
683.4
26 0

753. 1
725.8
27 4

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

37.2

41 3

40. 7

42 0

43.0

44.6

46.5

47.9

17.6

18.5

18.5

18.8

18.7

19.1

18.8

18.

136.4
50 7
85 7

148 5
52 8
95 7

146.8
52 1
94 7

149 4
52 4
97 i

153.4
54 3
99 1

156 3
54 8
101 5

158.8
55 0
103 9

161.5
55 3
106 2

60.7
21 8
38 9

62.3
21 3
41 0

62.1
21 3
40 8

62.4
21. 1
41.3

62.9
21.1
41.7

63.5
21.1
42.3

63.9
21.1
42.8

64.
21.
43.

6.5

8.4

80

83

89

14 7

97

10 2

4 7

5.2

5.0

5.1

5.0

7.0

3.0

3.

1,021.6 1,146.5 1,131.1 1,159.5 1,190.7 1 202.5 1,225.0 1,250.1

731.7

776.9

775.3

778.4

782.8

767.0

763.2

756.

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. BEA will provide on request a reprint of the fully revised data for the years 1964-69.
"Preliminary.




CURRENT BUSINESS STATISTICS

J.HE 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), respective!}^; 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 are as shown in
the 1973 edition of BUSINESS STATISTICS

1972

1971

1973
III

Annual total

1972
IV

I

II

1974

1973
III

I

IV

II

III

IV

I

II

Hip

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
1,054.9

1,158.0

1,294.9

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

1,358.8

1,383.8

1,411.6

Personal consumption expenditures, total.. do

667.1

729.0

805.2

672.1

683.8

701.5

720.6

736.8

757. 2

781.7

799.0

816.3

823.9

840.6

869.1

899. 9

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

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

136. 0
56. 3
60.0

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

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

3S8. 1

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

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
129 2
25.0

363.8
51.7
124. 9
25 6

375. 9
5 1. 5
127. 8
26. 6

Gross national product, total f

bil. $..

.

Services total 9
Household operation
Housing
Transportation

< o. o
190. 9
37.8

153.7

179.3

209.4

153.5

160.8

169.4

175.5

182.1

190.2

199.0

205.1

209.0

224.5

210.5

211.8

204. 6

. do
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

149.7
104 8
38.5
66.3
44.9
44.2
3.8
2.4

155.4
107.8
38.4
69.4
47.6
47.0
5.4
4.4

164.5
112 7
40.7
72.0
51.8
51.2
5.0
4.1

167.6
114.7
41.0
73.7
52.9
52.3
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

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

198. 8
152. o
51. 4
101.1
46. 3
45. 5

9.6

179.2
122.5
42.2
80.3
56.7
56.2
11.0
10.4

do
do
do

-.2
65.4
65.6

-6.0
72.4
78.4

3.9
100.4
96.4

.1
68.2
68.1

-3.4
62.0
65.4

-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

88.8
89.5

95.4
94.9

103.7
96.9

113. 6
104.3

11.3
131.2
119.9

-1.5
13$. 5
140.0

-4.1
143. 9
148.0

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

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

311.2
116.4
78. 8
194.8

do
do
do
do
do
do

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

1,057.5
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

1,315.1
624.7
240.6
384. 1
553.2
137.2

1,311.9
635. 0
242. 3
392. 8
569. 7
137.1

1,370.3
651.3
9
18. 5
402. 9
579. 2
139. 7

1.40.-,. 8

do
do
do

6.3
2.4
4.0

8.5
7.1
1.4

15.4
9.4
6.0

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

10.0
6.1

10.7
7.7

11.8
9.0

16.9
8.7

3.4

11.0
13.2
-2.2

3.0

2.9

28.9
14.8
14.1

8.2

13.5
-1.8
15.4

o. 8
3.7
2. 1

746.3

792.5

839.2

747.2

759.1

770.9

786.6

798. 1

814.2

832.8

837.4

840.8

845.7

830.5

827. 1

821. 1

539. 7

542.7

•) 46. 7

106. 8
223. 6
212.2

107. 9
225. 0
213.8

Gross private domestic investment, total.. .do
Fixed investment
Nonresidential
Structures
_
Producers' durable equipment
Residential structures
Nonfarm
Change in business inventories
Nonfarm
Net exports of goods and services
Exports
Imports

By major type of product:!
Final sales, total
.
Goods total
Durable/ goods
Nondurable goods
Services _ _
Structures
Change in business inventories...
Durable goods
Nondurable goods

6.5

-.8

3.9

7.7

7.4

5.8
3.1

r>73. i

261. 1
412. 0

oil."). 9
136. 9

GNP in constant (1958) dollars!
Gross national product, totalf

bil. $..

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

do
do
do ..

Gross private domestic investment, total.. .do

496.4

527.3

552.1

497.7

504.1

512.8

523.2

531. 2

542.2

552.9

553.7

555. 4

92.5
211.3
199 6

104.9
220.2
202 2

113.6
228.6
209 9

93.8
211.4
199 5

96.3
212.6
195 2

99.8
214.4
198 6

103.0
219. 8
9QQ 4

106.8
221.3
203 0

110.1
225. 4
9
06 6

117.2
228.7
207 1

115.7
228.3
209 7

114.3
230.0
211 2

111.1

125.0

138.1

109.9

114.8

119. 4

123.2

126.6

130.9

134.4

136.3

135. 8

516.3
107.2
7. 4
211 7

105. 2
223. 9
210. 6

145. 8

133.3

99

9

Fixed investment
Nonresidential
Residential structures
Change in business inventories

do
do
do
do

105 8
76 7
29.1
5.3

118 0
83 7
34.3
7.0

127 3
94 4
32.9
10.8

106 5
76 °
30.3
3.4

110 2
78 6
31.6
4.6

115 9
81 3
33.8
4.2

116 6
89 4
34.2
6.6

118 1
83 8
34.3
8.5

I 0
87 9
34.8
8.8

171
92 2
35.0
7.3

184
94 3
34.1
7.8

197 7
95 1
32.6
8.0

158
96 0
29.8
20.0

1°2 7
96 3
2t).4
10.6

Net exports of goods and services

do

-.5

-3.0

4.6

-.1

—2.4

-4.9

-3.6

-1.4

-1.9

1.4

3.5

5.8

7.9

130.3

122. 1

:

122.2
96. 5
25.7
8.2

118. 9
95. 3
23.6
3.2

8.2

6. 9

!

145. 8
56.3
89. 5

145.4
5t>. 1
89.3

11.5

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

139.3
143.1
144.4
142.6
139.7
57 3
60 9
61 0
62 4
61 3
82.1
78.4
87.0
78.4
80.2
r
Revised.
*> Preliminary.
tRevised 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);
560-444 O - 74 - S-l




09

9

9

146.0
145.7
143.7
143.9
143.0
144.1
141.8
143.8
143. 8
56.3 !
56. 4
56 2
5() 9
57 7
58 9
69 5
59 5
69 9
89. 7 !
89.3
87.5
86.2
85.2
80.9
81.3
82.4
83.8
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

SUKVEY 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

Annual total

1971

October 1974
1973

1972
I

IV

II

III

IV

I

II

1974
III

IV

I

II

in>

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 1958~1CO
Persona] 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

bil $

Compensation of employees, total

do

141. 35
134.4

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

163. 61
155.8

167.31
160.2

171. 92
164.6

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

157.8
150.7
183.8
202.9

162.3
154.9
190.0
208.8

167.3
160.0
196.5
214.1

857. 7

946.5

1,065.6

881.6

912.3

932.5

954.3

987.0 1,027.6

1,051.2 1,077.3 1,106.3

1,118.8

1,130.2

699.0

712.6

732.9

759.1

776.7

793.3

814.8

828.8

848.3

867.8

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

761.1
602.2
20.8
138.1
106.7

90.7
62.4
28.3
26.6

643.1

707.1

786.0

659. 7

683.8

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
126.0
94.4

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

do
do
do
do -

69.2
52.0
17.2
25.2

75.9
64.9
21.0
25.9

96.1
57.6
38.5
26.1

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
66.1
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

8.3
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

122.7
49.8
72.9
29.6
43.3

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

138.7
53.6
85.1
31.6
53.5

143.5
57.9
85.6
32.5
53.0

do
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

-31.0
57.5

-37.9
60.1

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
147.0
838.1
779.2
58.9

1,013.6 1,039.2
147.2
144.1
892.1
869.5
822.5
804.2
69.6
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
G.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

28.16 i 28. 02 i 31. 90
11.27
13.52
11.41
5.59
6.85
5.78
6.66
5.69
5.64

do

51.22

57.09

61.73

14.35

12.77

14.38

14.12

15.83

13.69

15.67

Wages and salaries, total
__ _
Private .
Military
Government civilian
Supplements to wages and salaries

do
do _
do
do
do

Proprietors' income total 9
Business and professional
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

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
Inventory valuation adjustment
Net interest

33.2

62.8

DISPOSITION OF PERSONAL INCOME f
Quarterly D ata Seasonally Adjusted at Annual Rates
Personal income total
Less; Personal tax and nontax payments
Equals: Disposable personal income
Less: Personal outlays©
Equals: Personal saving§
.

1,068.0 1,099.3 1,112.5
154.2
159.9
161.9
939.4
913.9
950.6
850.1
840.7
866.2
73.2
89.3
84.4

1,134.6 1, 165. 9
168.2
175.1
966.5
990.8
894.9
926.2
71.5
64.6

NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
Manufacturing
Durable goods industries 1
Nondurable goods industries t
Nonmanufacturing
Mining
Railroad.. ..
Air transportation
Other transportation
Public utilities
Electric
Gas and other
Communication- _
Commercial and other.

Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation

14.61

16.89

16.61

18.38

.69
.48
.67
.44

.71
.56
.60
.47

.68
.50
.47
.34

.78
.64
.61
.49

.77
.60
.49
.70

.84
.68
.52
.70

5.30
4.56
.75
3.60
5.46

5.34
4.49
.86

5.88
4.95
.93

28.70

29.76

2.42
1.80
2.46
1.46

2.74
1.96
2.41
1.66

.59
.45
.56
.37

.58
.48
.50
.32

.61
.48
.73
.39

.69
.38
.61
.35

.63
.47
.63
.40

.63
.46
.52
.32

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

56.75

66.70

58.30

60.68

61.18

62.09

63.12

64.31

66.08

66.80

68.44

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

2.80
2.10
2.13
1.63

3.07
2.42
2.21
1.84

3.12
2.56
2.08
2.58

3.28
2.63
1.96
2.68

15.74
13.01
2.74
10.44
19.10

16.92
14.27
2.65
11.71
20.10

do
. . _ do
do
do
. do .

Public utilities
do
Electric
do
Gas and other
do
Communication
do
Commercial and other
do
Revised.
p Preliminary.
1 Estimates (corrected for systematic biases)
Sept, and Oct.-Dec. 1974 based on expected capital expenditures of business.
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




17.05

2.16
1.67
1.88
1.38

do
do
do
do

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

15.42

.71
.46
.72
.43

for JulyExpected
2 Includes
valuation

111.40 1113.00 i 116.16
47.72
46.21
45.32
24.03
23.60
22.50
23.70
22.82
22.61

21.70
20.70
20.97
20.12
19.80
18.58
18.08
18.38
17.01
17.53
16.60
18.32
17.76
18.10
17.12
16.72
16.00
15.55
14.62
15.40
14.67
14.32
2 gg
3.38
2.94
2.87
3.00
3.08
2.52
2.98
2.38
2.86
2.27
13.94
13.83
13.24
13.' 12
12.34
12.70
12.63
11.66
11.59
21.63 2 35. 75 2 36. 18
21.36
21.35 21.69
21.55
20.21 21.53
20.16
19.88
adjustment.
0 Personal outlays comprise personal consumption expenditures, interest
paid by consumers, and personal transfer payments to foreigners.
§ Personal saving is ex-cess of disposable income over personal outlays.
IfData 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