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SURVEY OF CUEEENT BUSINESS

May 1976

NATIONAL INCOME AND PRODUCT TABLES
1974
1974

1975

1975

IV

II

I

1976
III

IV

I*

1974
1974

1975

1975
I

IV

Seasonally adjusted at annual rates

II

1976
III

IV

I*

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 1,441 3 1 433 6

Gross national product

Durable goods
Nondurable goods Services

_

Gross private domestic investment

528 5 1 572 9 1 619 2 1,210 7 1 186 11 186 8

158 6 1 168 11 201 5 1 216 2

963.8

908.4

926.4

950.3

977.4 1 001.0 1, 029. 6

759.8

766.9

748.9

752.3

764.1

121.9
375.7
388 3

-

460 6

885.9

Personal consumption expenditures

128.1
409.8
426 0

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

145.9
430 8
452 9

112 5
303 0
344 4

109 5
306 6
350 7

102 9
298 9
347 2

104 0
300 8
347 5

106 5
306 9
350 8

1 241 2

771.6

779 4

794 5

112 3
308 0
351 2

115 3
310 7
353 3

120 8
315 7
358 0

212 2

182.6

210 3

168 7

161 4

194 9

205 4

232 2

180 0

138 3

166 9

129 7

124 1

147 8

151 4

168 1

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

202 5
147 9
54 4
93 5
54 6
52 2
1.0
13

197 3
148.5
52.7
95.8
48.7
46.8
.6
13

199 8
151 1
56 1
95 0
48 7
46 3
1.2
13

193 5
149 3
54 9
94 4
44 2
42 6
4
12

191 1
146 1
51 1
95 0
45 0
43 1
.5
13

197
146
51
95
50
48

1
7
2
6
4
2
g
14

207 4
151 9
53 6
98 3
55 4
53.3
7
14

216 7
158 1
55 5
102 6
58.6
56.5
.7
15

172
127
42
84
44
42

2
5
7
9
7
6
8
13

148 8
112 2
37 2
75.1
36.6
35.0
.4
1i

159 3
120 8
40 5
80.3
38.5
36.4
.9
12

148 7
115 2
38 9
76 3
33 6
32 3
.3
10

144 8
110 8
36 2
74 7
34 0
32 4
.4
1i

148 7
110 6
36 2
74 5
38 0
36 2
.6
12

153 0
112 3
37 4
74 9
40 7
39 0
.5
12

157 5
115 5
38 5
77.0
42.0
40.2
.5
1.2

Change in business inventories
Nonfarm
Farm

9 7
11 6
—19

—14.6
—16 5
19

10 4
13 7
—3 2

—24 8
23 3
—1 5

—29 6
29 6
_ i

—2 1
—5 7
36

—2 0
—7 5
56

15.5
11 3
4 2

7 7
85
.,_ g

—10.5
—11 8
13

7.6
90
—1 5

— 19.0
— 17 9
—1 2

—20 7
—20 6
_ i

— .8
—3 3
2 5

—1 6
—5 3
37

10.7
7.8
2.9

7.7

21.3

82

17 3

24 2

22 1

21 7

8.2

16 6

23.4

17.4

21.5

24.9

23.5

23 8

16.8

94.0
70.2

93.2
76.4

_

Net exports of goods and services
Exports
Imports

.

.

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

153.1
145.0

97.6
81.0

90.6
67.2

95.7
78.3

90.7
69.2

86.8
62.0

90.8
67.3

301.1

-..-

331.2

314.4

321.2

324.7

334.1

344.8

349.2

254.3

257.6

253.6

255.1

254.9

258.7

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

131.1
87.0
44.1
218.1

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

165.9

261.6

261.7

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 1,619.2 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

1,241.2

1 397.2 1 513 5 1 430 9 1 458 4 1 490 2 1 530 6 1 574 9 1 603 8 1 203 0 1 196 6 1 179 3 1 177.6 1, 188. 7 1, 202. 4 1, 217. 8
-1.6
-.8
—2 1
7.6 —19.0 —20.7
—2 0
9 7 — 14.6
10 4 —24 8 —29 6
15 5
7 7 — 10.5

1, 230. 5
10.7

636 3

676 3

647 7

635 4

653 9

698 9

716 8

739 4

549 9

530 1

531 9

510 1

518.4

542.7

549.4

566.8

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
_9 I

718 7
—2.0

723 9
15.5

542 2
77

540.7
—10.5

524.4
7.6

529.2
-19.0

539.0
-20.7

543.5
-.8

551. 0
-1.6

556.2
10.7

Durable goods _.
Final sales
Change in business inventories

246 1
238 5
75

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
—68

277 5
282 0
—4 6

223 5
217 7
58

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

218.3
221.4
-3.1

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
35

446 9
442 l
48

461.9
441 9
20 0

326 5
324 5
19

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

348.5
334.8
13.7

Services

624 1

681 3

649 7

659 3

672 0

688 1

705 9

725 8

544 7

554 4

548 1

548 1

552.5

556.7

560.3

566.6

Structures

146 6

141 3

143 9

138 9

134 6

141 4

150 3

154 1

116 1

101 5

106 8

100 4

97.2

102.2

106.4

107.7

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 v
Farm_
_
Statistical discrepancy
Kesidualfi
Households and institutions
Government _ _
Federal.,
State and local
Rest of the world

1,406 9 1 498 9 1 441 3 1 433 6 1 460 6 1 528 5 1 572 9 1 619 2 1 210 7 1 186.1 1,186 8 1, 158. 6 1, 168. 1 1,201.5 1, 216. 2

1,241.2

1,392 5 1 488 4 1 426 6 1 424 0 1 450 6 1 516 9 1 562 2 1 607 7 1 203 7 1 181 3 1,180 3 1, 154. 3 1, 163. 5 1, 196. 1 1,211.3

1, 236. 1

1,049.4
1, 007. 4
38.0

1 186 6 1 262 6 1 °13 2 1 205 5 1 227 4 1 289 2 1 328 3 1 369 5 1 024 4
1 138 7 1 215 2 1 161 7 1 162 9 1 191 3 1 237 5 1 269 0 1 312 1 993 5
48 5
50 1
54 4
48 6
45 8
45 1
55 0
52 1
31 5
29
— 6
—2 6
32
32
89
50
53
—.5

972.1
939 6
35.0

979.5 1,011.1 1,025.7
954.3 977.1 985.1
36.8
36.5
32.3

-2.1

2.4

-2.6

-7.1

-2.5

3.9

4. 1

38.4

38.8

39.2

39.4

39.2

39.8

44.8

49 5

46 5

47 5

48 7

50 2

51 6

52 9

38 5

39.2

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

11 5

7 o

4.8

6.5

4.3

4.5

5.4

4.9

5.1

First quarter corporate profits (and related components and totals) are preliminary and
subject to revision next month.
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
965 8
964 0
31.9
35 1

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

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 $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

Annual total

II

1974

III

IV

I

|

I!

1975
Ill

IV

II

I

1976

IV

III

I

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf

Gross national product, totalf..

bil.$._ 1,306.3

1,265.0 1,287.8 1,319.7

1,352.7

1,370.9

1,391.0 1,424.4

1,441.3

1,433.6

1,460.6

785.7

800.5

818.4

829.5

849.5

877.8

907.7

908.4

926.4

950.3

977.4

128.1
49.5
57.4

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

145. 9
'62.1

375.7
65.2
189.4
36.4

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

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

416.4
71.3
211.4
41.2

423.7
72.5
215.6
42.1

• 430.8
'73.5
219.3
'42.2

351.3
50.3
123.1
27.8

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

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

• 452.9
'67.0
• 157.8

1,406.9

1,498. 9

Personal consumption expenditures, total..do

808.5

885.9

963.8

Durable goods, total9
do
Motor vehicles and parts
do
Furniture and household equipment.--do

122.9
54.4
50.7

121.9
48.0
54.7

Nondurable goods, total9
Clothing and shoes
Food
Gasoline and oil

do_.
do..
do.
do..

334.4
61.4
168.0
28.3

Services, total9
Household operation
Housing
Transportation

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

_

Gross private domestic investment, total...do

1,528.5 1,572.9 '1,619.2
1,001.0 '1,029.6

'61.3

220.5

212.2

182.6

211.7

217.1

221 2

231.9

218.4

212.7

207.6

210.3

168.7

161.4

194.9

205.4

• 232.2

Fixed investment
Nonresidential
Structures
Producers' durable equipment

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

• 216.7
• 158.1
'55.5
• 102.6

Residential
Change in business inventories
Nonfarm

do..
do..
do..

66.5
17.5
14.1

54.6
9.7
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

'58.6
'15.5
'11.3

Net exports of goods and services
Exports
Imports

do..
do..
.do..

7.4
101.5
94.2

7.7
144.2
136.5

21.3
147.8
126.5

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

'8.2
153.1
145.0

269.9
102.0
73.4
168.0

301.1
111.7
77.4
189.4

331.2
123.2
84.0
208.0

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

• 349.2
131.1
87.0
218.1

do
do
do
do
do
do

1,288.8
582.3
228.8
353.5
559.5
147.0

1,397.2
626.5
238.5
388.0
624.1
146.6

1, 513. 5
690.9
261.7
429.2
681.3
141.3

1,252.6
565.6
226.5
339.0
540.8
146.3

1,273.5 1,304.1 1,325.0 1,356.1 1,381.7 1,420.0 1,430.9
637.3
640.2
573.9
589.7
600.1
607.9
620.6
239.3
228.2
230.2
230.2
231.4
237.7
245.8
394.4
398.0
359.5
345.6
369.9
376.6
383.0
649.7
602.1
632.5
552.7
565.8
612.0
578.8
143.9
147.2
148.6
146.1
146.1
149.1
147.0

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

1,530.6
701.1
267.5
433.5
688.1
141.4

1,574.9
718.7
276.7
442.1
705. 9
150.3

1,603.8
'723.9
' 282.0
' 441.9
' 725.8
' 154.1

do
do
..do

17.5
10.3
7.2

7.5
2.2

-14.6
-10.6
-4.0

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
8.2

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

-2.1
-5.6
3.5

-2.0
-6.8
4.8

'15.5
' -4.6
'20.0

bil.$.. 1,233.4 1,210.7

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

752.3

764.1

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

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
Nonresidential
_
Residential
Change in business inventories
Net exports of goods and services

do.
do.
do
do
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

1,216.2 '1,241.2
779.4

794.5

112.3
308.0
351.2

115. 3
310.7
353.3

120.8
315.7
• 358.0

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

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

151.4

168.1

144.8
110.8
34.0
-20.7

148.7
110.6
38.0

153.0
112.3
40.7
-1.6

157.5
115.5
'42.0
'10.7

254.9
92.4
162.5

258.7
94.9
163.8

261.6
96.1
165.5

261.7
95.8
165.9

148.7
115.2
33.6
-19.0

191.4
131.3
60.1
16.0

172.2
127.5
44.7
7.7

148.8
112.2
36.6
-10.5

193.2
128.6
64.5
11.9

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

7.2

16.6

23.4

2.1

5.6

8.9

12.1

18.7

15.3

15.1

17.4

21.5

253.6
94.7
158.9

255.1
93.7
161.4

252.5
96.1
156.3

254.3
95.0
159.3

257.6
94.3
163.3

254.7
100.4
154.3

250.5
94.9
155.5

' Revised.
* 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

251.1
94.2
156.9

253.5
94.9
158.5

254.0
94.7
159.3

255.0
94.7
160.2

254.7
95.7
159.0

income appear in table 2.2 in the Jan. 1976 SURVEY.
separately.

23.5

9 Includes data for items not shown

S-l
207-050 O - 76 - SI




g-2

SURVEY OF CURRENT BUSINESS

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

1973

1974

i

1973

1975

Annual total

II

III

May

1974
IV

I

II

1975
III

IV

I

II

1976

1976
III

IV

II

I

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCTf— Con.
Quarterly Data Seasonally A djusted at Annual Rates
Implicit price deflators :t
Gross national product
.. Index 1972=100
Personal consumption expenditures
do .
D urable 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
Compensation of employees, total
Wages and salaries, total
Private
Military
Government civilian
Supplements to wages and salaries

110.20
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
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

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
137.7
135.3 r 136. 9
136.1 f 139. 7
131.8 r 133. 5
135.3
136. 9
129.8 r 131. 5

bil. $.. 1, 067.3 1,141.1

National income, totalf

105. 92
105.5
101.7
108.0
104.6

1,207.8

1,052.9

1,151.3 1,161.3 1,155.2

. ._ do __
do
do
-do
do
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 valuation and capital consumption adjustments, total
bil. $_.
Corp. profits with invent, val. adj.:
Domestic total
do

1,078.1 1,106.8

1,122.3 1,129.6

129. 33
128.4
119.4
136.4
124.4

130.46
129.6
r 120.

8

136.5
126.5

1,180.8

1,232.5

1,262.6 pl,301.3

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 r 982. 6
830.7 r 851. 5
650.5 r 668. 8
23.6
23.6
156. 5
159.0
124.4
131.1

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

843.9
738.7
583.1
22.3
133.2
105.2

863.9
755.6
597.6
22.1
135.9
108.3

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

' 85.0
25.3
'59.7

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

22.7

100.3

99.6

98.9

99.6

94.3

89.2

82.0

78.9

96.6

113.1

112.7 * 121.8

82.5
17.3
65.3
37.4
11.8

100.1
16.2
83.9
45.2
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

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

113.6 P 123. 1
16.1 p 17.5
97.4 P 105. 6
52.8
21.9

8.5
6.8

7.0
11.0

8.8
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

do
do
do
do
do

117.0
48.2
68.8
27.8
40.9

132.1
52.6
79.5
31.1
48.4

116.8
45.6
71.2
32.8
38.4

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

do
do
do

Nonfinancial total 9

91.3

91.7
17.4
74.3
43.8
24.0

-18.4
1.6
56.3

-38". 5
-2.3
70.7

-10.8
-5.7
81.6

-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 1,067.8
153.7
147.3
914.1
891.7
840.3
821.8
73.8
70.0

1,098.8
158.9
939.9
853.4
86.5

1,115.9 1,136.6
168.4
162.1
968.2
953.8
901.4
872.6
66.8
81.2

do

Durable goods
do
Transportation, communication, and
electric, gas, and sanitary serv
bil. $. _
Rest of the world
do
Profits before tax, total
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest

100.2

100.4

11.0
5.8

?6.3

132.4 p 140. 8
52.5 p56. 5
79.9 ^84.3
33.3
33.1
46.8 *>51.0
-13.1
-6.6
85.7

-11.4
-7.6
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§

bil. $__
do
_do
do
do

1, 054.3 1,154.7 1, 245. 9
171.2
169.2
151.2
983.6 1, 076. 7
903.1
909.5 987. 8
830.4
88.9
74.0
72.7

1,171.6 1,194.8 1,203.6 1,223.8 1,261.7 1,294.5 •1,325.2
184.4
142.1
174.6
175.3
179.6
178.9
180.5
996.3 1,015.9 1,024.0 ,081.7 , 087. 1 1,114.0 1,140.7
, 001. 3 1,025.4 1,054.5
974.2
950.4
932.4
931.7
-86.2
85.9
107.5
64.6
73.6
83.6
88.6

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

bil. $
do_
ao
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 i 26. 56 i 30. 19
12.84
11.05
13.30
5.65
4.94
5.99
7.19
6.12
7.30

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
.97
.62
.43
.93

15.51
.89
.49
.35
.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

5.70
4.85
.85
3.26
5.52

5.07
4.41
.65

5.86
5.01
.86

28.04

28.79

97.76
36.58
18. 61
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

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
£.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

18.58
18.08
Public utilities
do
16.00
15.55
Electric .
do
2.58
2.52
Gas and other
. . do .
13.12
12.70
Communication
do
21.36
21.55
Commercial and other.
do
r
Revised.
P Preliminary.
i Estimates (corrected for systematic biases) for Jan.Mar. 1976 and Apr .-June 1976 based on expected capital expenditures of business. Expected
expenditures for the year 1976 appear on p. 19 of the Mar. 1976 SURVEY.
2 includes communication.
fSee corresponding note on p. S-l.
9 Includes data for items not shown

19.80
16.72
3.08
13.24
21.35

Nonmanufacturing
.
Mining
Railroad .
Air transportation _
Other transportation
Public utilities
Electric..
Gas and other. _ .
Communication __ . .
Commercial and other

.

.

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




do
do
do
do
do

1 118.70 1119.62
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
20.91
19.79
20.28
20.93
19.52
20.16
20.97
19.81
19.58
17.92
16. 58
17.03
17.76
16.41
17.47
18.10
3.36
3.64
3.00
3.21
3.17
3.25
2.68
3.11
2.87
12.22
12. 95
14.04
12. 50
13.36
14.01
13.94
2
20.44 2 34.39 34. 81
22. 04
20.82
20.83 20.34
22.84
21.63
©Persorlal outla ys comf )rise per sonal co nsumpti an experiditures, interest
separ ately.
paid by consu mers to I usiness, and personal trarisfer payinents to foreigner s (net).
lays,
§Pe rsonal sa ving is 63ccess of d isposabltj income over per sonal outjompone tits appear in the
HD ata for iridividual durable and non durable goods in<lustries (
SURVEY
Mar., June, S(ipt., and Dec. isstles of the
20.12
17.12
3.00
13.83
21.69

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