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SURVEY OF CURRENT BUSINESS

12

November 1974

NATIONAL INCOME AND PRODUCT TABLES
1973
1972

1973

II

III

1974
I

IV

1973

II

III

1972

1973

II

III

Seasonally adjusted at annual rates

1974
IV

I

II

III

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

1, 158. 0 1, 294. 9 1, 277. 9 1, 308. 9 1,344.0 1, 358. 8 1, 383. 8 1,415.4

-

Durable goods
Nondurable goods - - Services

--

---

Gross private domestic investment
Fixed investment

-

Change in business inventories
Nonfarm
Farm
-

840.8

845 7

830 5

827 1

822 7

816.3

823.9

840.6

869.1

901.3

527.3

552.1

553.7

555 4

546 3

539 7

542 7

547 2

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

136.1
389.0
376.2

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 8
295 g
°13 7

179.3

.- -

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

837.4

799.0

._ .. ...

209.4

205.1

209.0

224.5

210.5

211.8

205.8

125.0

138.1

136.3

135.8

145.8

133 3

130 3

12*> 7

170.8

- --

_-

839.2

805.2

118.4
299.7
310 9

-

792.5

729.0

Personal consumption expenditures. . .

194.0

194.4

197.1

195.5

193.6

198.3

197.1

118.0

127.3

128.4

127.7

125.8

122 7

122 2

117 7

116 8
41.1
75 7
54.0
53.4
.6

136.8
47.0
89 8
57.2
56.7
.5

135.6
46.2
89.4
58.7
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
51.3
93.9
48.4
47.8
.7

149.4
52.2
97.2
48.8
48.0
.8

150.9
51. 0
99. 9
46.2
45.4
.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 5
32.6
32.4
.3

96.0
26.0
70 0
29.8
29.5
.4

96
26
69
26
26

96
26
69
25
25

94
25
68
23
93

8.5
78
.7

15.4
11.4
4.0

10.7
7.7
3.0

11.8
7.4
4.4

28.9
24.0
4.9

16.9
13.1
3.8

13.5
10.4
3.1

8.7
6.6
2.1

7.0
6.4
.7

10.8
8.9
1.8

7.8
6.3
1.5

8.0
6.2
1.9

20.0
17.9
2.1

10.6
8 7
1.8

3
7
7
4
0
4

5
6
9
7
3
4

8 2
6 4
18

1
4
7
6
i
4

5 0
39
1i

-

.5

6.7

9.3

11.3

-1.5

-4.0

-3.0

4.6

3.5

5.8

7.9

11 5

8 2

7 0

100.4
96.4

95.4
94.9

103.7
96.9

113.6
104.3

131.2
119.9

138.5
140.0

142.6
146.6

55.7
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 5
63 5

255.7

276.4

273.3

276.9

286.4

296.3

304.4

312.3

143.1

144.4

143.9

143.7

145.7

146.0

145.8

145 9

104 9
74 8
30.1
150.8

Exports
Imports

3.9

72.4
78.4

106.6
74 4
32.2
169.8

106.2
74 0
32.2
167.1

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

117.2
78.4
38.8
195.1

61.0

57.3

57.7

56.2

56.4

56.3

56 3

56 5

82.1

87.0

86.2

87.5

cq 3

89.7

89. 5

89 4

-6.0

Net exports of goods and services -

--

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

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
1, 158. 0 1, 294. 9 1, 277. 9 1, 308. 9 1, 344. 0 1,358.8 1,383.8 1,415.4

--_ .

839.2

837.4

840.8

845.7

830.5

827.1

822.7

785.4
7.0

828.4
10.8

829.6
7.8

832.7
8.0

825.7
20.0

819.9
10.6

818.9
8.2

817.7
5.0

543 8

- -.

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

.

- -

Structures

-. .

629.9

653.6

651.9

664.9

681.7

425.5

459.1

457.6

458.8

465.1

449.1

448.9

446.0

600.9
10.7

618.0
11.8

624.7
28.9

635.0
16.9

651.3
13.5

673.0
8.7

418.5
7.0

448.3
10.8

449.8
7.8

450.8
8.0

445.1
20.0

438.5
10.6

440.8
8.2

441.0
5.0

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

265. 5
259. 8
5.7

185.8
180.1
5.7

206.0
198.5
7.5

206.7
200. 5
6.2

206.3
199.0
7.2

206.3
194.9
11.5

200.2
194.3
5.8

195.4
196.6

200.2
196.6
3.6

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

416.2
413.2
3.0

239.7
238.4
1.3

253.1
249. 9
3.3

250.8
249.3
1.6

252.6
251.7
.8

258.7
250.2
8.5

248.9
244.2
4.7

253.6
244.2
9.4

245.8
244.4
1.4

488.1

534.4

528.3

540.2

553.2

569.7

579.2

596.9

291.4

304.5

303.5

306.9

307.8

310.7

308.3

310.4

126.1

Durable goods
Final sales
- .. .
Change in business inventories

611.6

607.3
15.4

221 4
214.3
7 1

Final sales
..
Change in business inventories

622 7

535.2
8.5

Goods output

Services

792.5

1 149 5 1 279 6 1 267 2 1 297.0 1,315.1 1,341.9 1 370.3 1, 406. 7
8.5
16.9
13.5
8.7
10.7
11.8
28.9
15.4

Gross national product
Final sales
Change in business inventories

137.8

138.0

138.8

137.2

137.1

139.7

136. 7

75.6

75.5

76.3

75.1

72.8

70.7

69.8

68.4

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product
Gross domestic product _
Business
N onf arm
Farm
Households and institutions
General government- _ . . .
Federal.
_ _.
State and local
Rest of the world
Addendum : Gross private product

1,158.0 1 294.9 1 277.9 1 308.9 1 344.0 1 358.8 1,383.8 1,415.4

792.5

839.2

837.4

840.8

845.7

830.5

827.1

822.7

1 151.5 1 286.5 1 269.9 1 300.6 1 335.2 1 344.0 1,374.1 1,405.2

787.7

833.9

832.4

835.7

840.7

823.5

824.1

819.8

977.9 1, 096. 8 1, 082. 4 1, 109. 2 1, 138. 8 1, 143. 1 1, 168. 8 1, 195. 7
942. 6 1, 040. 3 1, 029. 0 1, 049. 0 1, 074. 5 1, 082. 6 1,117.8 1, 144. 4
51.3
35.3
53.4
60.2
64.4
56.5
60.5
51.1

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

736.6
708.0
28.6

37 2

41 3

40 7

42 0

43 0

44 6

136.4
50.7
85 7

148.5
52.8
95 7

146.8
52. 1
94 7

149.4
52.4
97 1

153.4
54.3
99 1

156 3
54.8
101 5

6.5

8.4

8.0

8 3

8 9

14 7

48 0

17 6

18.5

18.5

18.8

18.7

19. 1

18.8

18.9

158.8
55.0
103 9

161 6
55 3
106 3

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

64.2
21.0
43.2

9.7

10 2

4.7

5.2

5.0

5.1

5.0

7.0

3.0

2.9

775.3

778.4

782.8

767.0

763.2

758.5

46 5

1,021.6 1,146.5 1,131.1 1,159.5 1,190.7 1,202.5 1,225.0 1,253.8

731.7

776.9

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.




CURRENT BUSINESS STATISTICS

I.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), 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.
1971

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

1972

1971

1973
III

Annual total

1972
IV

I

II

1974

1973
III

IV

I

II

III

IV

I

|

II

III'

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
1,383.8 '1,415.4

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

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

' 901. 3

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. 1
' 56. 2
'60.4

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

r 389. 0
'75.7
' 191.3
'37.9

Services total 9
Household operation...
Housing
Transportation

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
122.2
25.0

363.8
51.7
124.9
25.6

' 376. 2
'54.6
' 127. 7
'26.5

do

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

' 205. 8

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
9.6

179.2
122.5
42.2
80.3
56.7
56.2
11.0
10.4

189.0
130.5
44.6
85.9
58.5
58.0
10.0
6.5

194.4
135.6
46.2
89.4
58.7
58.4
10.7
7.7

197.1
139.0
47.9
91.1
58.1
57.6
11.8
7.4

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

r 197 1

Gross national product totalf

- -. bil. $

Personal consumption expenditures, total.. do

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

-

do
do .
do
do
do
do
do
do _.
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

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

-.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

-.8
88.8
89.5

.5
95.4
94.9

6.7
103.7
96.9

9.3
113.6
104.3

11.3
131.2
119.9

-1.5
138.5
140.0

' -4.0
' 142. 6
' 146. 6

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

' 312. 3
' 117. 2
'78.4
' 195. 1

1,149.5 1,279.6
535. 2
607.3
214.3
240.9
321.0
366.5
488.1 534.4
126.1
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 1,159.1
529.4
541.0
210.6
218.3
318.9
322.7
481.5
492.4
124.1
125.6

1,193.7
556.2
223.6
332.6
506.5
130.9

1,238.9 1,267.2 1,297.0 1,315.1
624.7
618.0
585.8
600.9
240.6
241.2
243.9
237.8
384.1
374.2
347.9
359.7
553.2
540.2
516.0
528.3
137.2
138.8
137.1
138.0

1,341.9
635.0
242.3
392.8
569.7
137.1

5.4
.3
5.1

5.0
2.7
2.2

8.0
5.8
2.2

10.2
6.8
3.4

11.0
13.2
-2.2

10.0
6.1
3.9

10.7
7.7
3.0

11.8
9.0
2.9

28.9
14.8
14.1

16.9
8.7
8.2

13.5
-1.8
15.4

'8.7
'5.7
'3.0

' 822. 7

r 150 9
T
51. 0
r 99 9
'46 2
'45.4
'8.7
' 6.6

1,370.3 '1,406.7
651.3
' 673. 0
248.5 ' 259. 8
402.9 ' 413. 2
579.2 ' 596. 9
139.7
' 136. 7

do
do
do
do
. do
do

1,048.6
491.6
191.8
299.8
446.0
111.0

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

746.3

792.5

839.2

747.2

759.1

770.9

786.6

798.1

814.^

832.8

837.4

840.8

845.7

830.5

827.1

496.4

527.3

552.1

497.7

504.1

512.8

523.2

531.2

542.2

552.9

553.7

555. 4

546.3

539.7

542.7

' 547. 2

92 5
211 3
192 6

104 9
220 2
202 2

113 6
228 6
209 9

93 8
211 4
192 5

96 3
212 6
195 2

99 8
214 4
198 6

103 0
219 8
200* 4

106 8
221 3
203 0

110 1
225 4
206 6

117 ^
228 7
207 1

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. 8
' 225. 8
' 213. 7

111.1

125.0

138.1

109.9

114.8

119.4

123.2

126.6

130.9

134.4

136.3

135.8

145.8

133.3

130.3

' 122. 7
' 117. 7
'94.1
23.6
'5.0

Change in business inventories..
Durable goods
.. __
Nondurable goods
GNP in constant (1958) dollarst
Gross national product, totalf

bil.$..

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

do
do .
do

Gross private domestic investment, total.. .do
Fixed investment
Nonresidential
Residential structures
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

105 8
76 7
29 1
53
— 5

118 0
83 7
34 3
7 0
—3 0

127
94
32
10

3
4
9
8

46

106
76
30
3

5
2
3
4

— 1

110
78
31
4

2
6
6
6

—2 4

139.3
143.1
144.4
139.7
142.6
61 0
61 3
60 9
57 3
62 4
78.4
82.1
87.0
78.4
80.2
r
Revised.
» Preliminary.
jRevised series. Estimates of national income and product
and personal income have been revised back to 1971 (see p. 11 fl. of the July 1974 SURVEY);

115
81
33
4

2
3
8
2

—4 9

143.8
62 9
80.9

116
82
34
6

6
4
2
6

—3 6

143.8
62 5
81.3

118 1
83 8
34 3
85
—1 4

141.8
59 5
82.4

122 0
87 2
34 8

8.8

—1 9

143.0
59.2
83.8

127 1
92 2
35 0

7.3
1.4

144.1
58.9
85.2

128 4
94 3
34.1

7.8
3.5
143.9
57.7
86.2

127 7
95.1
32.6

122.7
96.3
26.4
10.6

122.2
96.5
25.7

8.0

125.8
96.0
29.8
20.0

5.8

7.9

11.5

8.2

'7.0

143.7
56.2
87.5

145.7
56.4
89.3

146.0
56.3
89.7

145.8
56.3
89.5

' 145. 9
'56.5
'89.4

8.2

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-1
562-873 O - 74 - S-1




SURVEY OF CURKENT BUSINESS

8-2
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

1971

IV

Annual total

November 1974

1972

I

II

1973

III

IV

I

II

1974

III

IV

I

II

III

IV

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
Implicit price deflators:!
Gross national product
Index, 1958=100
Personal consumption expenditures
do
Gross private domestic investment:
Fixed investment
do. .
Nonresidential
_ _.
do
Residential structures
do
Govt. purchases of goods and services
do

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 '172.04
160.2 ' 164. 7

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 ' 167. 5
154.9 ' 160. 4
190.0 ' 195. 9
208.8
214.1

bil $

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 pi, 156.4

do

643.1

707.1

786.0

659.7

683.8

699.0

712.6

732.9

759.1

776.7

793.3

814.8

828.8

848.3 ' 868. 2

do
do_
do
do
do

National Income totalt

141.35
134.4

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

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 '761.5
588.3 ' 602. 5
20.9
20.8
135.4 r 138. 2
103.7
106.7

do
do
do.
do

69.2
52.0
17.2
25.2

75.9
54.9
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
56.1
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

'92.1
'62.3
'29.8
26.6

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

P 106. 7

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

^20.5
P86.2

9.2
30.3

7.1
33.7

8.0
30.1

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

--

Corporate profits and inventory valuation
ment total
By broad industry groups:
Financial institutions
-Nonflnancial corporations total
Manufacturing, total
Nondurable goods industries
Durable goods industries

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

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

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

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 '-27.7 ' -33. 4
55.5
60.1
57.5

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 1,013.6 1,039.2
147.2
147.0
144.1
892.1
838.1
869.5
822.5
779.2
804.2
69.6
58.9
65.3

1,068.0
154.2
913.9
840.7
73.2

1,099.3 1,112.5
159.9
161.9
939.4
950.6
850.1
866.2
89.3
84.4

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
6.61
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

21.60
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
11.27
5.59
5.69

i 28. 02
11.41
5.78
5.64

i 31. 90
13.52
6.85
6.66

do

do
do
-do
do
do

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

122.7 ' 135. 4 ' 139. 0 P 158. 4
49.5 '52.2 '55.9 *>63.5
73.2 '83.2 '83.1 P94.9
32.5
30.7
33.2
31.6
42.5 '51.6 '50.5 P61.7
-51.7
62.8

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§

1,134.6 '1,168.2
168.2
175.1
966.5 ' 993. 1
894.9 ' 927. 6
71.5 '65.5

NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
Manufacturing
Durable goods industries 1
Nondurable goods industries 1
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
Manufacturing
Durable goods industries ^
Nondurable goods industries 5
Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation

...
.
...

51.22

57.09

61.73

14.35

12.77

14.38

14.12

15.83

13.69

15.57

15.42

17.05

14.61

16.89

16.61

18.38

do
do
do
do

2.16
1.67
1.88
1.38

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

.59
.38
.61
.35

.63
.47
.63
.40

.63
.46
.52
.32

.71
.46
.72
.43

.69
.48
.57
.44

.71
.56
.60
.47

.68
.50
.47
.34

.78
.64
.61
.49

.77
.60
.49
.70

.84
.68
.52
.70

do
do
do
do
do

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
6.40

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

5.34
4.49
.86

5.88
4.95
.93

28.70

2 9.76

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

56.76

56.70

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

2.69
2.11
2 21
L63

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
16.92
Public utilities
do
13.01
14.27
Electric
do
2 74
2.65
Gas and other
do
11.71
10'. 44
Communication
do
20.10
19.10
Commercial and other
do
••Revised.
P Preliminary.
1 Estimates (corrected for systematic biases) for JulySept, and Oct.-Dec. 1974 based on expected capital expenditure5? of business. Expected
expenditures for the year 1974 appear on p. 21 of the September 1974 SURVEY.
2 Includes
communication.
f See corresponding note on p. S-l.
9 Includes inventory valuation




111.40 1113.00 i 116.16
47.72
45.32
46.21
24.03
22.50
23.60
23.70
22. 82
22.61

21.70
20.70
20.97
19.80
20.12
18.08
18.38
18.58
17.01
17.53
16.60
18.32
18.10
17.76
16.72
17.12
15.55
15.40
16.00
14.32
14.62
14.67
3.38
2.94
2.87
3.00
3.08
2.52
2.98
2.58
2.86
2.27
2.38
13.94
13.24
13.83
12.34
13.12
12.70
12.63
11.59
11.56
2
21.63 ' 35. 75 36. 18
21.69
21.55
21.35
21.36
20.21
21.53
19.88
20.16
sonal ou lays coniprise pe r sonal c Dnsumpt on expe iditure.s, interest
0 Per
adju stment.
paid 3by constimers, an d personal transfe r payme nts to for eigners.
§1 ersonal saving is excess o f disposa Die inconle over p ersonal o utlays. nts appear in the
If!)ata for : ndividugi durabl e and no idurable goods it dustries compone
Mar , June, S ept., anc1 Dec. iss ues of th e SURVE Y.

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