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11

SUEVEY OF CUEEENT BUSINESS

April 1976

NATIONAL INCOME AND PRODUCT TABLES
1975

1974
1974

1975

IV

I

II

1976
III

IV

IP

1974
1974

1975

1975

IV

I

Seasonally adjusted at annual rates

II

1976
III

IV

IP

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)
Gross national product
Personal consumption expenditures
Durable goods
Nondurable goods
Services

..

.

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
. .
Net exports of goods and services
Exports
Imports

1,406.9 1,498.9 1,441.3 1,433.6 1,460.6 1,528.5 1,572.9 1,616.3 1,210.7 1,186.1 1,186.8 1,158.6 1, 168. 1 1,201.5 1, 216. 2 1,238.4
885.9 963.8 908.4 926.4 950.3 977.4 1,001.0 1,028.7 759.8 766.9 748.9 752.3 764.1 771.6 779.4
793.7
. . - 121.9 128.1 117.3 118.9 123.8 131.8 137.6 146.5 112.5 109.5 102.9 104.0 106.5 112.3 115.3
121.3
- 375.7 409.8 387.1 394.1 404.8 416.4 423.7 431.0 303.0 306.6 298.9 300.8 306.9 308.0 310.7
315.7
388.3 426.0 404.0 413.4 421.6 429.2 439.7 451.2 344.4 350.7 347.2 347.5 350.8 351.2 353.3
356.8
182.6 210.3 168.7 161.4 194.9 205.4 229.6
180.0 138.3 166.9 129.7 124.1 147.8 151.4
212.2
166.0
. 202.5 197.3 199.8 193.5 191.1 197.1 207.4 215.5 172.2 148.8 159.3 148.7 144.8 148.7 153.0
156.5
147.9 148.5 151.1 149.3 146.1 146.7 151.9 156.8 127.5 112.2 120.8 115.2 110.8 110.6 112.3
114.4
55.2
51.2
52.7
56.1
53.6
37.2
54.9
51.1
40.5
42.7
54.4
38.9
36.2
36.2
38.1
37.4
94.4
75.1
95.8
95.6
98.3 101.7
84.9
95.0
80.3
93.5
95.0
76.3
74.7
74.5
76.3
74.9
58.7
44.2
50.4
48.7
55.4
44.7
48.7
36.6
38.5
45.0
33.6
42.1
54.6
34.0
40.7
38.0
56.5
48.2
43.1
36.4
52.2
46.8
42.6
53.3
42.6
46.3
35.0
32.3
32.4
36.2
40.3
39.0
.7
.5
.4
.8
.7
.4
.9
.6
1.2
.8
.5
.3
.4
.5
.6
1.0
1.5
1.2
1.4
1.1
1.2
1.3
1.4
1.3
1.3
1.3
1.1
1.2
1.3
1.0
1.3
1.2
14.1
10.4 -24.8 -29.6 -2.1 -2.0
7.7 -10.5
7.6 -19.0 -20.7
9.5
9.7 -14.6
-.8 -1.6
10.1
13.7 -23.3 -29.6 -5.7 -7.5
8.5 -11.8
9.0 -17.9 -20.6 -3.3 -5.3
6.8
11.6 -16.5
4.0
-3.2 -1.5
-.1
-.1
3.6
5.6
-.8
1.3 -1.5 -1.2
2.7
-1.9
1.9
2.5
3.7
9.7
22.1
24.2
21.7
8.2
23.4
21.3
16.6
17.4
17.3
21.5
7.7
24.9
23.5
23.8
17.1

..

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

... .

144.2
136.5

147.8
126.5

153.6
145.3

148.2
130.9

140.7
116.4

148.5
126.4

153.8
132.1

151.3
141.7

97.6
81.0

90.6
67.2

95.7
78.3

90.7
69.2

86.8
62.0

90.8
67.3

94.0
70.2

91.5
74.4

301.1

331.2

314.4

321.2

324.7

334.1

344.8

348.4

254.3

257.6

253.6

255.1

254.9

258.7

261.6

261.6

111.7
77.4
34.3
189.4

..

123.2
84.0
39.2
208.0

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

131.2
87.0
44.1
217.2

95.0

94.3

94.7

93.7

92.4

94.9

96.1

95.8

159.3

163.3

158.9

161.4

162.5

163.8

165.5

165.7

Table 2. — Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
1,406.9 1,498.9 1,441.3 1,433.6 1,460.6 1,528.5 1,572.9 1. 616. 3 1,210.7 1, 186. 1 1, 186. 8 1, 158. 6 1, 168. 1 1,201.5 1, 216. 2

Gross national product
Final sales
Change in business inventories

1, 238. 4

1,397.2 1, 513. 5 1, 430. 9 1, 458. 4 1, 490. 2 1, 530. 6 1, 574. 9 1, 602. 2 1, 203. 0 1, 196. 6 1, 179. 3 1, 177. 6 1, 188. 7 1, 202. 4 1, 217. 8
-2.1 -2.0
10.4 -24.8 -29.6
14.1
7.7 -10.5
7.6 -19.0 -20.7
-.8 -1.6
9.7 -14.6

1, 228. 9
9.5

636.3

676.3

647.7

635.4

653.9

698.9

716.8

737.7

549.9

530.1

531.9

510.1

518.4

542.7

549.4

564.8

Final sales
Change in business inventories

626.5
9.7

690.9
-14.6

637.3
10.4

660.2
-24.8

683.5
-29.6

701.1
-2.1

718.7
-2.0

723.7
14.1

542.2
7.7

540.7
-10.5

524.4
7.6

529.2
-19.0

539.0
-20.7

543.5
-.8

551.0
-1.6

555.3
9.5

Durable goods
Final sales
Change in business inventories. .

246.1
238.5
7.5

251.1
261.7
-10.6

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

275.5
281.4
-5.8

223.5
217.7
5.8

203.4
211.4
-7.9

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

216.5
220.7
-4.2

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

390.2
388.0
2.2

425.2
429.2
-4.0

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

462.2
442.3
19.9

326.5
324.5
1.9

326.7
329.3
-2.6

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

348.3
334.5
13.8

Services .

624.1

681.3

649.7

659.3

672.0

688.1

705.9

725.3

544.7

554.4

548.1

548.1

552.5

556.7

560.3

566.4

Structures

146.6

141.3

143.9

138.9

134.6

141.4

150.3

153.2

116.1

101.5

106.8

100.4

97.2

102.2

106.4

107.2

1, 406. 9 1, 498. 9 1,441.3 1, 433. 6 1,460.6 1, 528. 5 1, 572. 9 1,616 3 1,210 7 1,186 1 1,186 8 1,158 6 1, 168. 1 1,201.5 1, 216. 2

1, 238. 4

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 t>
Farm
Statistical ldiscrepancy
Residual p
Households and institutions
Government -_
Federal
State and local
Rest of the world

1, 392. 5 1, 488. 4 1, 426. 6 1, 424. 0 1, 450. 6 1,516.9 1,562.2 1, 603. 0 1,203 7 1, 181. 3 1,180 3 1, 154. 3 1, 163. 5 1, 196. 1 1, 211. 3 1, 232. 3
1 186 6 1 262 6 1 213.2 1 205 5 1 227 4 1 289.2 1 328 3 1 364 9 1 024 4
1, 138. 7 1, 215. 2 1, 161. 7 1, 162 9 1,191 3 1, 237. 5 1,269 0
993 5
50 l
52 1
48 5
45 8
45 1
55 0
54 4
48 6
31 5
2.9
-3.2
-3.2
—8.9
—.6
50
—2.6
_ 5

979 5 1 Oil 1 1, 025. 7
954.3 977.1 985.1
32 3
36 5
36.8

—2 1

24

—2 6

—7 1

—2.5

1,045.8
37.9

3.9

44.8

49.5

46.5

47.5

48.7

50.2

51.6

52 8

38.5

39.2

38.4

38.8

39.2

39.4

39.2

39.6

161.1
54 7
106 4

176 3
58 8
117 4

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

185 3
61 6
123 7

140 8
47 9
92 9

145 1
47 8
97 3

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

146.9
47.6
99.3

14.4

10.5

14.8

96

10 0

11.6

10 7

13 3

70

48

6 5

4.3

4.5

5.4

4.9

6.1

* 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.




997 1 1 000 1 972 1
964 0 965 8 939 6
35 i
31 9
35 0

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

IKE 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 (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.
1973

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

| 1974

1975

1973
I

1974
III

II

IV

Annual total

i ! n

1976

1975

III

IV

I

II

III

IV

IP

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
bil.$__ 1, 306. 3

950.3

977.4

1,001.0

1,028.7

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

146.5
62.5
61.4

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

431.0
73.8
220.2
41.7

355.2
51 4
124 7
28.0

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

451.2
66.4
157. 9
36.3

221.2

231.9

218.4

212.7

207.6

210.3

168.7

161.4

194.9

205.4

229.6

215.5
156.8
55.2
101.7

124 8
58.2
49.3

124 4
56.4
50.4

123 7
54.4
51.2

118.9
48.4
51.9

409.8
69 9
209. 1
40 3

321.4
60 1
161 2
26 7

328.0
60 9
164 3
27 4

339.6
61 9
171 4
28 5

388.3
56 4
136 0
30.9

426.0
63.3
148.8
34.1

339.5
48 2
118 9
27 2

348.2
49 8
121 9
27.6

212 2

182.6

211.7

217.1

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

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

do
do
do
do

334.4
61 4
168 0
28 3

375.7
65 2
189 4
36 4

do . .
do
do
do

351.3
50 3
123 1
27.8

do

220 5

Gross private domestic investment, total

926.4

849.5

785.7

_

1,460.6

908.4

829.5

963.8

Services total 9
Household operation
Housing
Transportation

1,433.6

907.7

1,370.9

818.4

1,265.0

885.9

, 616. 3

1,441.3

877.8

1,352.7

800.5

1, 498. 9

808.5

1,528.5 1,572.9

1,391.0 1,424.4

1,287.8 1,319.7

1,406.9

Personal consumption expenditures, total.. do

Gross national product, totalf

- - -do
do
do
do

203 0
136.5
49 0
87 5

202 5
147.9
54 4
93 5

197.3
148.5
52.7
95.8

199 3
131.0
46 3
84 8

202 8
134.5
47 7
86.7

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

do
do
do

66 5
17.5
14.1

54 6
97
11.6

48 7
— 14 6
— 16 5

68 2
12.4
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
4.4
7.6

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

58.7
14.1
10.1

do
do
. ... do

74
101.5
94 2

7.7
144.2
136 5

21 3
147 8
196 5

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

3.2
148.6
145.5

8.2
153.6
145.3

17.3
148.2
130.9

24.2
140.7
116.4

22.1
148.5
126.4

21.7
153. 8
132.1

9.7
151.3
141.7

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

269.9
102.0
73 4
168 0

301.1
111.7
77 4
189 4

331.2
123 2
84 0

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
104.0
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

344.8
129.9
87.4
214.8

348.4
131.2
87.0
217.2

do
1, 288. 8
-do
582 3
do
228 8
do ..
353 5
do
559 5
do. ._
147 0

1,397.2
626 5
238 5
388 0
624 1
146 6

1, 513. 5 1,252.6 1,273.5 1,304.1 1,325.0 1,356.1 1,381.7 1,420.0 1,430.9 1,458.4 1,490.2 1,530.6
683.5
701.1
660.2
690 9
637.3
565 6
573 9
589 7
640 2
600 1 607 9
6?0 6
267.5
258.8
243.8
237 7
239. 3
231 4
245.8
261 7
226 5
228 2 230 2
230 2
433.5
499 2
424. 7
416.4
398. 0
359 5 369 9
394 4
383 0
339 0
345 6
376 6
688.1
659. 3
672.0
632.5
649.7
681.3
552 7
602 1 612.0
565 8
540 8
578.8
141.4
134.6
143. 9
138.9
141 3
148 6
146 1
146 3
147 0
146 1 149 1 147.2

1,574.9
718.7
276.7
442.1
705.9
150.3

1,602.2
723.7
281.4
442.3
725.3
153.2

Fixed investment
Nonresidential . _ -_
Structures
Producers' durable equipment
Residential
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

do
do
do

17 5
10 3
7.2

97
75
2.2

bil. $-- 1, 233. 4

1,210.7

9Q8 0

12 4
68
5.6

14 3
9 5
4.9

15 6
11 4
4.2

27 7
13 5
14.2

14 9
6 7
8.2

9.3
2 7
6.5

5 9
-1.4

10.4
14.9
-4.4

-24.8
—14.6
-10.2

-29.6
-15.5
-14.1

-2.1
-5.6
3.5

-2.0
-6.8
4.8

14.1
-5.8
19.9

1, 186. 1 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

1,201.5

1,21<3.2

1,238.4

764.1

771.6

779.4

793.7

115.3
310.7
353. 3

121.3
315.7
356.8

14 6
— 10 6
-4.0

4.4

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

766.9

765.8

766.2

770.5

762.8

760.0

763.2

767.2

748.9

752.3

120 9
309 6
335 8

112.5
303 0
344 4

109 5
306 6
350 7

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

104.0
300.8
347.5

106.5
306.9
350.8

112.3
308.0
351.2

207.4

180.0

138.3

205.0

206.1

206.0

212.6

195.9

183.8

173.2

166.9

129.7

124.1

147.8

151.4

166.0

148.7
110.6
38.0
-.8

153. 0
112.3
40.7
— 1.6

156. 5
114.4
42.1
9.5

191 4
131 3
60.1
16 0

172 2
127 5
44.7
7.7

148 9
8
112
36 6
— 10 5

193 2
128 6
64.5
11 9

192 5
130 2
62.3
13 6

7.2

16.6

23.4

2.1

5.6

257.6
250.5
252.5
254.3
254.7
94 9
96 1
94 3
95 0
100 4
155.5
156.3
163.3
154.3
159.3
r
Revised.
P Preliminary.
f 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

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

148.7
115.2
33.6
-19.0

144.8
110.8
34.0
-20.7

23.8
17.1
23.5
24.9
21.5
17.4
15.1
12.1
15.3
18.7
8.9
261.6
261.6
258.7
254.9
255.1
253.6
254.7
255.0
251.1 253.5
254.0
95.8
96.1
94. 9
92.4
93.7
94.7
95.7
94 7
94 2
94 9
94 7
165.7
165.5
163.8
162.5
161.4
158.9
160.2
159.0
158.5
156.9
159. 3
1
Includes data for items not shown
income appear in table 2.2 in the Jan. 1976 SURVEY.
separately.

S-l
204-921 O - 76 - SI




SURVEY OF CURRENT BUSINESS

8-2
Unless otherwise stated in footnotes below, data
through IS. 2 and descriptive notes areas shown in
the 1973 edition of BUSINESS STATISTICS

1973

1974

I

1973

1975

II

Annual total

III

April 1976

1974

IV

I

II

1975

III

IV

I

1976

II

III

IV

IP

II

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCTf— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
Implicit price deflators:!
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
103.2
118.2
108.9

114.28
115.0
106.6

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

bil. $.. 1, 067.3

National income, totalf

105. 92
105.5
101.7
108.0
104.6

1,141.1

1,207.8

1,052.9

1,078.1

1,106.8

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
127.6
97.8

828.0
727.1
573.9
22.5
130.6
101.0

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

21.3

21.0

21.1

21.2

21.3

91.3 '100.3

99.6

98.9

82.5 ' 100. 1
17.3
16.2
65.3 ••83.9
37.4
'45.2
11.8 '17.8

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

8.8
5.9

8.1
6.6

8.6
6.5

132.1 ' 116. 8
52.6
'45.6
79.5
'71.2
31.1
32.8
48.4
'38.4

117.9
48.8
69.1
27.2
41.9

-10.8
-5.7
81.6

1,154.7 1, 245. 9
171.2
169.2
983.6 1,076.7
909.5
987.8
74.0
88.9

Compensation of employees, total
. . do
Wages and salaries, total
..do
Private
do
Military
do
Government civilian _.
.
do
Supplements to wages and salaries
do
Proprietors' income with inventory valuation
and capital consumption
adjustments,
total
bil. $
Farm
do
Nonfarm .
._
.
do
Rental income of persons with capital consumption adjustment
bil. $
Corp. profits with inventory valuacion and capital consumption adjustments, total _-bil. $ .
Jorp. profits with invent, val. adj.:
Domestic, total
do
Financial -. - . do
Nonfinancial total 9
do
Manufacturing total 9
do
Durable goods
do
Transportation, communication, and
electric gas and sanitary serv
bi^. $
Rest of the world
do
Profits before tax total
Profits tax liability
Profits after tax
Dividends
Undistributed profits

.

do
do
do
_ . do
do

Inventory valuation adjustment
Capital consumption adjustment
Net interest

do
do
do

100.2

91.7
17.4
74.3
43.8
24.0
8.5
6.8

117.0
48.2
68.8
27.8
40.9
-18.4
1.6
56.3

7.0
11.0

-38.5
-2.3
70.7

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

130 51
129.6
120 9
136 5
126 5

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

137 7
137 1
139 5
133 2
136 9
131 0

1,122.3

1,129.6

1,151.3

1,161.3

1 155.2 1,180.8

,232.5

262 6

843.9
738.7
583.1
22.3
133.2
105.2

863.9
755.6
597.6
22.1
135.9
108.3

886.3
774.3
613.6
21.9
138.8
112.0

898.1
783.6
617.7
23.0
142.9
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

982 2
851 1
668 5
23 6
159 0
131 1

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

84 9
25 3
59.6

21.1

21.1

21.0

20.9

20.9

20.8

20.5

20.9

22.0

22 7

99.6

94.3

89.2

82.0

78.9

96.6

113.1 ' 112. 7

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

75.1
16.5
58.6
31.9

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

8.2
7.7

6.2
14.4

7.3
8.8

7.7
10.0

11.0

5.1
5.8

7.9
5.8

11.3

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 ' 132. 4
50.7
'52.5
78.8
'79.9
33.5
33.1
45.3 '46.8

-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

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
840 3
853.4
73.8
86.5

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
175.3
996.3
931.7
64.6

1,194.8
178.9
,015.9
932.4
83.6

1,203.6
179.6
,024.0
950.4
73.6

1,223.8
142.1
,081.7
974.2
107.5

100.4

122 A

9.7

9.2

6.7

6.2

' 113. 6
16.1
'97.4
52.8
21.9

11.0

5.8

-13.1
-6.6
85.7

89.2

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

b'l $
do
do
do
do

1,054.3
151.2
903.1
830.4
72.7

1,261.7 1,294.5 1, 324. 4
174.6
180.5
184.4
, 087. 1 1,114.0 1, 140. 0
,001.3 1,025.4 1, 053. 6
85.9
88.6
86.3

NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
Manufacturing
Durable goods industries f
Nondurable goods industries 1

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

. ...
.-.

Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing
_......
Durable goods industries f
Nondurable goods industries 1
Nonmanufacturing
Mining
Railroad - .
Other transportation

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
13.30
5.99
7.30

126. 56
11.05
4.94
6.12

i 30. 19
12.84
5.65
7.19

.do
do
do
do
do

Nonmanufacturing
Mining
Railroad
Air transportation _
Other transportation

bil. $
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

16.61

18.29

14.98

16.28

.91
.59
.44
.62

.97
.71
.47
.77

16.12

17.44

15.51

17.35

.89
.49
.35
.67

.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

4.42
3.84

4.94
4.15

5.07
4.41

5.86
5.01

3.78
5.97

3.11
4.88

3.22
5.19

3.14
5.00

.86

5.46

3.39
5.57

3.26
5.52

.65

28.04

28.79

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

112.16
47.39
21.01
26.38

111.80
46.82
21.07
25. 75

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
3.82
2.39
1.65
3.56

_

do

18.58
18.08
Public utilities
do
16.00
15.55
Electric
do
2.52
2.58
Gas and other
do
13.12
12.70
Communication
do
21.36
21.55
Commercial and other
do..-.
r
Revised.
P Preliminary.
» 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.
tSee corresponding note on p. S-l.
9 Includes data for items not shown




.78
.64

. 61
. 49

.75

.80
.64
.43
.58

5.20
4.42

.78

.91
.78
.48
.71

5.67
4.80

.87

.58

.79

.94
.62
.50
.85

5.07
4.16

.91

.97
.62
.43
.93

5.70
4.85

.85

1 118.70 1 119. 62
51.45
50.24
22.74
22.32
28.72
27.92
68.47
3.70
2.04
1.64
3.49

68.17
3.78
1.96
1.34
3.11

23.17
23.21
20.93
19.52
20.91
20.16
20.28
19.79
20.97
20.12
19.80
19.81
17.92
17.76
16.41
19.58
17.47
17.03
16.58
18.10
17.12
16.72
3.36
3.64
3.17
3.00
3.21
2.68
3.25
3.11
2.87
3.08
3.00
14.04
12.22
12. 95
12. 50
14.01
13.36
13.94
13.83
13.24
22.04
2 34. 81
20.44 234.39
22.84
20.82
20.34
20.83
21.63
21.69
21.35
separately.
©Personal 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.
IJData 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