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SUKVEY OF CURKENT BUSINESS

June 1 7
96

NATIONAL INCOME AND PRODUCT TABLES
1974
1974

1975

I

IV

II

1974

1976

1975
III

IV

I

1974

1975

1975

IV

I

II

1976
III

IV

I

Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

Billions of 1972 dollars

Billions of current 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 1,460.6 1,528.5 1, 572. 9 1,620.4 1,210.7 1, 186. 1 1,186.8 1,158.6 1, 168. 1 1,201.5 1, 216. 2

Gross national product

Durable goods
Nondurable goods
Services

- -

1,241.8

885 9

Personal consumption expenditures
- --

- - -. .

963 &

908 4

926 4

950 3

977 4 1 001.0 1,029 6

759 8

766.9

748.9

752 3

764.1

771.6

779 4

794 5

121.9
375.7
388 3

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

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 equipmentResidential . _ •
Nonfarm structures
Farm structures
Producers' durable equipment. . .

202 5
147 9
54 4
93.5
54.6
52 2
10
13

197.3
148 5
52.7
95.8
48.7
46 8
6
1.3

199 8
151 1
56 1
95 0
48.7
46 3
12
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. 1
146 7
51 2
95.6
50.4
48 2
8
14

207.4
151.9
53.6
98.3
55.4
53.3
.7
1.4

216.7
158.1
55.5
102.6
58.6
56.5
.7
1.5

172.2
127 5
42.7
84.9
44.7
42 6
.8
1.3

148.8
112.2
37.2
75.1
36.6
35.0
.4
1.1

159.3
120.8
40.5
80.3
38.5
36.4
.9
1.2

148.7
115.2
38.9
76.3
33.6
32.3
.3
1.0

144.8
110 8
36.2
74.7
34.0
32.4
.4
1.1

148.7
110.6
36.2
74.5
38.0
36.2
.6
1.2

153.0
112 3
37.4
74.9
40.7
39.0
.5
1.2

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
—1 9

— 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
5.6

15.5
11.3
4.2

7.7
8.5
— 8

-10.5
-11.8
1.3

7.6
9.0
— 1.5

-19.0
-17.9
— 1.2

-20.7
-20.6
—.1

—.8
-3.3
25

-1.6
-5.3
3.7

10.7
7.8
2.9

7.7

21.3

8.2

17.3

24.2

22.1

21.7

9.3

16.6

23.4

17.4

21.5

24.9

23.5

23.8

17.4

Gross private domestic investment. - - -

-

.. ...

Net exports of goods and services _ . .

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

154.2
144.9

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

93.8
76.4

Government purchases of goods and services .

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

261.6

261.7

Federal
- - - - - - - - - - - National defense
Nondefense
State and local _ _ .
_..
......

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

Exports
Imports

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 1,620.4 1,210.7 1, 186. 1 1,186.8 1, 158. 6 1, 168. 1 1,201.5 1, 216. 2

1,241.

1 397.2 1 513.5 1 430 9 1 458 4 1 490 2 1 530 6 1 574.9 1 604 9 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
-2.0
15.5
7.6 —19.0 -20.7
7.7 -10.5
9.7 —14.6
10 4 —24.8 —29.6

Gross national product
Final sales
Change in business inventories

1,231.
10.'

636 3

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

... .
_. .

Nondurable goods Final sales
Change in business inventories
Services
Structures

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.*

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 9
15.5

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

556.1
10.

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

277.5
282.0
-4.6

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

218.1
221.'
-3.

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 1
4 8

461.9
441.9
20.0

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.,
33^
Ic

624 1

Final sales
Change in business inventories

676 3

626 5
9 7

Goods

681 3

649 7

659 3

672 0

688 1

705 9

726.9

544 7

554.4

548 1

548.1

552.5

556.7

560.3

567.

97.2

102.2

106.4

107.

146 6

141 3

143 9

138 9

134 6

141 4

150 3

154.1

116 1

101.5

106 8

100.4

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product _ . ...
Gross domestic product
Business.
Nonfarm P
. .
Farm.
Statistical discrepancy
Residual p 1 .-.
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 1,620.4 1 210.7 1, 186. 1 1, 186. 8 1, 158. 6 1, 168. 1 1,201.5 1, 216. 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

1,241.8

979.5 1,011.1 1, 025. 7
954.3 977.1 985.1
36.8
36.5
32.3

1, 049. 4
1, 008. 1
38.0

1 186 6 1 262 6 1 °13 2 1 205 5 1 227 4 1 289 ? 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 1 313 0 993 5
52 1
54 4
48 5
48 6
31 5
50 1
45 8
45 1
55 0
2 Q
29
4 4
50
— 6
32
89
32
—.5

1, 236. 1

-2.1

2.4

-2.6

-7.1

-2.5

3.9

3.4

44.8

49.5

46.5

47.5

48.7

50.2

51.6

52.9

38.5

39.2

38.4

38.8

39.2

39.4

39.2

39.8

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

12.7

7.0

4.8

6.5

4.3

4.5

5.4

4.9

5.7

p 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.
NOTE.—Final sales is classified as durable or nondurable by type of product. Change in




997 1 1 000 1 972 1
965.8
939.6
964.0
35.0
31 9
35 1

business inventories is classified as follows: for manufacturing, by the type of product producedby the establishment holding the inventory; for trade, by the type of product sold by tne
establishment holding the inventory; for construction, durable; and for other industries,
endurable.

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 (t), respectively; certain revisions for 1972 issued too late for
inclusion in the 1973 volume appear in the monthly SURVEY beginning with the August 1973 issue. Also, unless otherwise noted, revised monthly
data for periods not shown herein corresponding to revised annual data are available upon request.
The sources of the data are given in the 1973 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and
are also listed alphabetically on pages 189-90. Statistics originating in Government agencies are not copyrighted and may be reprinted freely.
Data from private sources are provided through the courtesy of the compilers, and are subject to their copyrights.
1973

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

1975

1974

1973
I

1974
III

II

IV

I

II

Annual total

1975
III

| IV

I

II

1976
III

IV

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 4069 1 498 9

1 265 0 1 2878 1 319 7 1 3527 1 3709 1 391 0 1 4244 1 441 3 1 4336 1 4606 1 528 5 1 572.9 1,620 4

Personal consumption expenditures, total. .do

808.5

885.9

963.8

785.7

800.5

818.4

829.5

849.5

877.8

907.7

908.4

926.4

950.3

977.4

1,001.0

1,029.6

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

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
61.3

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

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
39 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

do
do
do _ _
do

351 3
50 3
123.1
27 g

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
52
131
29

2
7
4
7

382 8
55 6
134.2
30 4

394
57
137
31

404
59
140
32

0
2
7
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
36.4

Services total 9
Household operation
Housing
_
Transportation

..
.

Residential
.
Change in business inventories
Nonfarm
Net exports of goods and services
Exports
Imports
. . .

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

203 0
136 5
49 0
87.5

202
147
54
93

5
9
4
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

-do
do
do .

Fixed investment
Nonresidential
Structures
Producers' durable equipment

do .
do
do
-do
do .

Gross private domestic investment, total

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
76

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

7 4
101 5
94 2

77
144 2
136 5

21 3
147 8
126 5

20
89 4
87 4

45
96 6
92 1

10.2
105 2
95.0

12 8
114 9
102 0

15.6
133 1
117.5

40
141 6
137 6

32
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

r 144. 9

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

Govt. purchases of goods and services, total -do
Federal
do . _
National defense .
do
State and local
do
By major type of product: t
Final sales, total
.
Goods total
Durable goods _ _
Nondurable goods
Services
Structures

.

Change in business inventories..
Durable goods

9
9
4
4

.

do
do
do
do
do
do
do
. do

1 288 8 1 397 2 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 1,574.9
718.7
683.5
701.1
690 9
637 3
582 3
660 2
573 9
589 7
565 6
600 1
620 6
640 2
626 5
607 9
276.7
267.5
237 7
239.3
243.8 258.8
261 7
231 4
228 8
228 2 230 2 230 2
245 8
226 5
238 5
433.5 442.1
424.7
398 0
416 4
353 5
429 2
359 5 369 9
394 4
345 6
376 6 383 0
388 0
339 0
705.9
688.1
649.7
659.3 672.0
681 3 540 8
602 1 612 0 632 5
559 5
624 1
552 7
565 8
578 8
150.3
141.4
134.6
138 9
143 9
141 3
147 0
148 6
146 1
146 1 149 1 147 2
146 6
146 3
147 0
-2.0
-2.1
-14.6
10.4 -24.8 -29.6
9.3
4.4
17.5
27.7
14.9
12 A
14.3
15.6
9.7
-6.8
-5.6
14.9 -14.6 -15.5
— 10 6
2.7
11 4
13 5
67
95
59
10 3
75
68
4.8
3.5
-4.0
-4.4 -10.2 -14.1
8.2
—1.4
7.2
4.2
14.2
6.5
2 2
56
4.9

'9.3
'154.2

r

l ,604.9
723.9
282.0
441.9
r 726. 9
154.1
15.5
-4.6
20.0

GNP in constant (1972) dollars!
Gross national product, totalf

bil. $.. 1 233 4 1 2107 1 186 1 1 2277 1 2284 1 236.5 1 240.9 1 228 7 1 217.2 1 210.2 1,186.8

1,158.6

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

do ..
do
do

Gross private domestic investment, total.-.do

1,168.1 1,201.5

1,216.2

rl,241.8

766.3

759.8

766.9

765.8

766.2

770.5

762.8

760.0

763.2

767.2

748.9

752.3

764.1

771.6

779.4

794.5

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

115.3
310.7
353.3

120.8
315.7
358.0

138.3

207.4

180.0

Fixed investment
Nonresidential
..
Residential
Change in business inventories

do
do
do
do

191 4
131 3
60 1
16.0

172 2
127 5
44 7
7.7

Net exports of goods and services

do

7.2

16.6

205.0

206.1

206.0

212.6

195.9

183.8

173.2

166.9

129.7

124.1

147.8

151.4

168.1

8
2
6
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

148.7
115.2
33.6
-19.0

144.8
110.8
34.0
-20.7

148.7
110.6
38.0
-.8

153.0
112.3
40.7
-1.6

157.5
115.5
42.0
10.7

23.4

2.1

5.6

8.9

12.1

18.7

15.3

15.1

17.4

21.5

24.9

23.5

23.8

••17.4

148
112
36
— 10

Govt. purchases of goods and services, total, do
252.5
254.3
257.6
254.7 250.5
Federal _ . . _
.
do
94 9
96 1
95 0
94 3
100 4
State and local
do
156.3
159.3
163.3
154.3 155.5
r
Revised.
p 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

261.6
258.7
254.9
255.1
251.1 253.5
254.0 255.0 254.7 253.6
96.1
94.9
92.4
93.7
94.7
94.7
94.7
95.7
94 9
94 2
165.5
163.8
162.5
161.4
160.2
158.9
158.5
159.3
159.0
156.9
9 Includes data for items not
income appear in table 2.2 in the Jan. 1976 SURVEY.
separately.

S-l
209-299 O - 76 - SI




261.7
95.8
165.9

shown

SURVEY 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

1973

1 1974

1 1975

1973

Annual total

III

June 1976

1974
IV

I

II

1975
III

IV

I

II

1976
III

IV

I

II

III

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

105. 92
105.5
101.7
108.0
104.6

116.20
116.6
108.4
124.0
112.7

126. 37
125.7
116.9
133.6
121.5

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

129. 33
128.4
119.4
136.4
124.4

130. 49
129.6
120.8
136.5
126.5

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

107.2
104.7
112.9
107.5
106.1
108.3

108.5
106.0
114.9
109.8
109.5
110.0

110.9
108.5
117.4
113.2
112.1
113.8

115.0
112.9
120.7
116.3
114.9
117.1

120.2
118.5
124.9
120.1
118.6
121.0

125.4
125.0
126.7
124.0
124.8
123.6

130.1
129.6
131.6
125.9
127.3
125.1

131.9
131.8
132.3
127.3
128.9
126.4

132.6
132.6
132.5
129.2
130.9
128.2

135.5
135.3
136.1
131.8
135.3
129.8

137.7
136.9
139.7
133.5
136.9
131.5

1, 067.3 1,141.1

1,207.8

1,161.3 1,155.2

1,122.3 1,129.6 1,151.3

1,180.8

1,232.5

1,262.6

1,303.3

do
do
. d o
do ...
do
do

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

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

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

982.6
851.5
668.8
23.6
159.0
131.1

Proprietors' income with inventory valuation
and capital consumption
adjustments,
total
bil. $..
Farm
do
Nonfarm
do
Rental income of persons with capital consumption adlustment
bil $

91.7
32.4
59.3

85.1
25.6
59.5

83.3
24.6
58.7

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

21.3

21.1

21.1

21.0

20.9

20.9

20.8

20.5

20.9

22.0

22.7

1 AA 9

Q1 ^

1 AA O

QO Q

100 4.

QQ fi

94 3

89 2

82 0

78 Q

96 6

113 1

112 7

r

91.7
17.4
74 3
43.8
24.0

82.5
17.3
65 3
37.4
11.8

100.1
16.2
83 9
45.2
17.8

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
16.1
97 4
52.8
21.9

r 124. 4
'17.4

C

70
11.0

8

Q

6.8

5.9

86
6.5

82
7.7

6 2
14.4

73
8.8

77
10.0

67
11.0

51
5.8

7 9
5.8

11 3
6.2

11 0
5.8

9 5
••7.0

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

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

132.4
52.5
79.9
33.1
46.8

r 142. 8
r57.1

18 4
1 C
56.3

38 5

10 8

19 5
7
61.3

28 0
7
64^8

-33.7
—1 7
68.7

—54 7
27
72.7

13 7
45
78.7

—6 6
50
79.7

99
65
82.2

13 1

11 4

81.6

17 9
1A
57.6

37 7

70.7

85.7

89.2

1,054.3 1,154.7 1, 245. 9 1,067.8 1,098.8 1,115.9 1,136.6 1,171.6 1,194.8 1,203.6 1,223.8 1,261.7 1,294.5
168.4
142.1
162.1
175.3
171.2
174.6
151.2
153.7
158.9
169.2
178.9
179.6
180.5
996.3 1,015.9 ,024.0 ,081.7 1, 087. 1 1,114.0
914.1 939.9
953.8 968.2
903.1 983.6 1, 076. 7
901.4
974.2 1,001.3 1,025.4
931.7
932.4
950.4
872.6
840.3 853.4
830.4 909.5
987.8
66.8
107.5
81.2
64.6
85.9
86.5
74.0
83.6
73.6
73.8
72.7
88.9
88.6

1,325.2
184.4
1,140.7
1,054.5
86.2

National income totalf

bil. $

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

Corp. profits with inventory valuation and capital consumption adjustments, total
bil. $..
Corp. profits with invent, val. adj.:
Domestic, total
do
Financial
--do
Manufacturing, total 9
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

do
do....
do
do
do

Inventory valuation cidjustment
Capital consumption adjustment
Net interest

do
do
do

8

9 ^

c 7

1,078.1 1,106.8

A 9

76.7

a A

r

123 9

107. 1
59.5
25.2

••85.7
33.3
'52.4
7 fi

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

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

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

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 r 25. 87 ' 130. 51 i 30. 49
13.31
13.30 r 10. 96 ' 13. 08
5.73
5.99 '4.78 '5.64
r
7.43
7.58
7.30 '6. 18

, 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

15.42
.69
.48
.57
.44

17.05
.71
.56
.60
.47

14.61
.68
.50
.47
.34

16.89
.78

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 r 14. 91 ' 17. 43 17.18
' .95
.95
'.92
.97
. 56
.62
.49
' . 43
.34
'.26
.43
' .86
.80
'.72
.93

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

4.82
4.04
.77
3. 19
5.24

5.36
4.54
.82
3.53
5.83

4.38
3.85
.52

5.30
4.56
.75
3 60

5.20
4.42
.78
3 on
5.57

5.67
4.80
.87

4.94
4.15
.79
3 99
5. 19

5.07
4.16
.91

5.70
4.85
.85

'4.79
'4.18
'.62

5.97

4.42
3.84
.58
3. 11
4.88

5.00

5.52

"V o
'4.82 ' ' 8. 88

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 ' 114.72 '1121.14 i 123.00
46.82 ' 49. 21 ' 52. 28 54.06
21.07 ' 21. 63 ' 22. 68 23.42
25.75 ' 27. 58 ' 29. 60 30.64

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

68.93
64.98 ' 65. 51 '68.86
3.82 '3.83 ' 3. 68 3. 85
2.37
2.39 ' 2. 08
1.65 ' 1.18 ' 1. 47 1.45
r
3.32
2.96
3.56 '3.29

19.80
18.58
Public utilities
do
16.72
16.00
Electric
do
3.08
2.58
Gas and other
do...
1 7 94.
Communication
do. . 21.35
21.36
Commercial and other
do...
r
Revised.
* Preliminary.
1 Estimates (corrected for systematic biases) for Apr.June 1976 and July-Sept. 1976 based on expected capital expenditures of business. Expected
2
expenditures for the year 1976 appear on p. 17 of the June 1976 SURVEY.
Includes communication.
|See corresponding note on p. S-l.
9 Includes data for items not shown

20.12
17.12
3.00
iq on

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 1
Nonmanufacturing
Mining.
Railroad
Air transportation
Other transportation




do
do
do
do
do
do .
do
do
do

. 61
. 49

5.05

'5.74
' 4. 90
' .84

5.82
4.87
.96
2

8. 71

20.91 ' 21. 91 ' 22. 81 22.90
19.52
19.79
20.16
20.93 20.28
19.54
17.92 ' 18. 56 ' 19. 46
17.03
16.41
16.58
17.47
17.76
3.00 '3.36 ' 3. 35 3. 36
3.21
3.25
2.68
3.17
3.11
1 q QA
19 95
12 22
12 54
12 50
14 04
13 36
14 01
20.44 '20.68 '235.42 2 35. 41
22.04
20.82
22.84
20.83 20.34
21.63
21.69
separately.
0Personal outlays comprise personal consumption expenditures, interest
paid by consumers to business, and personal transfer payments to foreigners (net).
§Personal saving is excess of disposable income over personal outlays.
lIData for individual durable and nondurable goods industries components appear in the
Mar., June, Sept., and Dec. issues of the SURVEY.

20.97
18.10
2.87

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