Full text of The National Income and Product Account : First Quarter 1961

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BUSINESS STATISTICS

Wlontki

JL HE STATISTICS here are a continuation of the data published in the 1959 edition of BUSINESS STATISTICS, biennial Statistical Supplement
to the SUKVEY OF CURRENT BUSINESS. That volume (price $2.25) contains monthly (or quarterly) data for the years 1955 through 1958 and
monthly averages for all years back to 1929 insofar as available; it also provides a description of each series and references to sources of monthly
figures prior to 1955. Series added or significantly revised since publication of the 1959 BUSINESS STATISTICS are indicated by an asterisk (*) and a
dagger (f), respectively; certain revisions for 1958 issued too late for inclusion in the aforementioned volume appear in the monthly SURVEY
beginning with the July 1959 issue. Except as otherwise stated, the terms "unadjusted" and "adjusted" refer to adjustment for seasonal
variation.
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.
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

1960
April

May

June

July

1961

DecemAugust SeptemOctober November
ber
ber

January

February

March

April

May

GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT f
Seasonally adjusted quarterly totals at annual rates: f
National income, total
bil. of dol_.
Compensation of employees, total
Wages and salaries, total
._
Private
Military
Government civilian
Supplements to wages and salaries

do
do
do
. do
do
do

Proprietors' income, totaled 1
do
Business and professional d" .
do
Farm
do
Rental income of persons
- do
Corporate profits and inventory valuation adjustment, total
bil. of doL.
Corporate profits before tax, total
do
Corporate profits tax liability
.-.do
Corporate profits after tax
do
Inventory valuation adjustment
- _--do
Net interest
Gross national product, total.

419.4

419.3

416 9

295.0
273.1
225. 5
10.0
37.6
21.9

297.2
274.9
226.0
10 1
38.8
22.3

295 2
273.2
223 6
10 3
39 3
22.0

293.3
271.5
221.2
10 4
39.9
21.8

48.1
36.0
12.1
12.5

48.3
36.1
12 2
12.5

48 8
35.9
12 8
12 5

48
35
13
12

45.3
45.7
22.3
23.4
-.4

42.2
41.5
20.3
21. 3
.7

41.0
40 7
19.8
20 8
.4

5
5
0
5

do

18.5

19 1

19 4

19 6

__do

505.0

503 5

503 5

499 8

329.0
44.5
153.5
130.9

328
42
152
132

3
7
7
9

330
43
152
134

8
2
9
7

328 8
39 2
153 0
136 6

0
3
7
o

61
39
26
4

Personal consumption expenditures, total do
Durable goods
do___
Nondurable goods
_
___do
Services
do _
Gross private domestic investment, total
do
New construction
...do
Producers' durable equipment
do
Change in business inventories
...do

75.5
40.7
29.5
5.3

70 8
40.5
29 7
6

66
40
28
3

Net exports of goods and services
do
Exports
do
Imports -..do
Government purchases of goods and services, total
bil. ofdoL.
Federal (less Government sales)
do
National defense9
do _ _ .
State and local
do

2.0
26.4
24.4

3 7
27 3
23 5

4 6
27 0
92 4

98.6
51.7
44.7
46.9

100 7
52 7
45 1
48.0

102
53
45
48

1
3
7
8

0
0
5
5

53
27 4
22 1
104
54
47
50

7
7
2
0

Personal income, total
Less: Personal tax and nontax payments.
Equals: Disposable personal income

do
do
do

404.2
50.0
354.1

408.0
50.5
357 5

408 5
50 4
358 1

407 5
50 3
357 2

Personal saving§

do

25.2

29.2

27.2

28.3

GNP in constant (1954) dollars
Gross national product, total

bil. of doL.

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

442.2

438 0

437 0

432 4

298.3
41.9
143. 2
113.3

296.9
40 2
142.3
114.4

297 6
41 2
141.3
115 2

294 7
37 5
141 1
116 1

54
33
23
2

50
32
21
3

Gross private domestic investment, total
New construction
Producers' durable equipment
Change in business inventories.

do
do
do--_
do-

62.8
33.8
24.2
4.8

58.6
33 6
24.4
6

Net exports of goods and services

do _

.7

2.2

80.3
41.8
38.6

80 3
41.2
39.1

Government purchases of goods and services, total
bil. of doL.
Federal
do
State and local
do

9
5
8
4

3 4

6
4
9
8

38

81 1
83 3
41 4
42 6
39.7
40.7
r
Revised.
fRevised series. Estimates of national income and product and personal income have been revised back to 1957; revisions prior to the 2d quarter 1959 (and prior to May 1959
for personal income) appear on pp. 8 ff. of the July 1960 SURVEY.
(^Includes inventory valuation adjustment.
9 Government sales are not deducted.
§ Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.




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