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BUSINESS STATISTICS

WlontLi

JL HE STATISTICS here are a continuation of the data published in the 1959 edition of BUSINESS STATISTICS, biennial Statistical Supplement
to the SURVEY 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

July

1961

DecemAugust Septem- October November
ber
ber

January

February

March

April

May

July

June

August

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

do
do
do
do
do
do

Proprietors' income, total d71
Business and professionalc?...
Farm
- Rental income of persons..
Corporate profits and inventory valuation
ment, total
__
bil.
Corporate profits before tax, total
Corporate profits tax liability
Corporate profits after tax_
Inventory valuation adjustment

419.0

416.5

412.2

426 0

296. 0
273.2
224.2
9.9
39.1
22.7

294. 0
271.3
221.6
10.0
39.7
22.7

292.6
270. 1
219.7
10.1
40.3
22.5

300
277
226
10
41
22

2
3
0
1
2
9

do
do. _ _
do
do
adjustof dol. _
do _ _ .
_do_. _
do
do

48.7
36.3
12.4
11.7

49.0
36.3
12.7
11.7

48.9
36.0
12.9
11.5

49 2
36 3
12 9
11 5

44.1
43.2
21.4
21.7
.9

42.9
42.6
21.1
21.4
.3

40.0
39.6
19.6
20.0

45 5
45.2
22 4
22.8
3

do__ _

18.6

18.9

19.2

19 6

505.1

504.5

500.8

516 1

329.7
43.4
152.7
133.6

332.3
43.8
153.1
135.4

330.7
39.4
153.7
137.5

336 1
42 0
154 1
139 9

_do__ _
do_ __
do. __
do

70.5
40.4
27.7
2.4

65.6
40.7
26.7
1.9

59.8
39 6
24.2
4 0

68
41
24
2

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

3.0
26.8
23.8

5.1
27.6
22.4

27.6
22.3

39
26 4
22 5

101.9
54.0
45.4
48.0

101.6
53 0
45.7
48 6

105.0
54 7
47.2
50 3

107 3
56 6
48 8
50 6

Net interest

--

C7ross national product, total. _ _

do

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

.4

5.3

8
3
7
8

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

do
do
do

405.1
50.8
354.4

405.4
50.5
354. 9

404.7
50.3
354.3

413 2
51 4
361.8

Personal saving§

do

24.6

22.7

23.7

25 8

bil. of dol—

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

:.:;;;:;;;;;;;;;

440.2

438.4

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

298.6
40.8
142.0
115.8

299.6
41.6
141 3
116.6

Gross private domestic investment, total _ _ d o
New construction
do
Producers' durable equipment
__.do ...
Change in business inventories
do

58.6
33.6
22.7
2.3

54 9
33 9
22 1
—1 1

49 6
32 9
19 9
—3.2

1.6

3.5

3.3

Net exports of goods and services

do

433.2
297.0
37.6
141 6
117.8

;;,:;;; =

445.5

301.6
39.8
142 6
119.2
57
34
20
2

3
1
3
9

19

Government purchases of goods and services, total
bil. of dolFederal
do „
State and local
do

81.3
80.3
83.3
84 7
44 7
42.9
41 6
43 1
38.4
38.7
40.2
40.0
' Revised.
t Revised series. Estimates of national income and product and personal income have been revised back to 1957; revisions prior to the 2d quarter 1960 (and prior to May 1960
for personal income) appear on p. 6 ff. of the July 1961 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.

605032°—61-




S-l

SURVEY OF CURRENT BUSINESS

S-2

September 1061

I960

Unless otherwise stated, statistics through 1058 and
descriptive notes are shown in the 195!) edition of
BUSINESS STATISTICS

July

1961

August Septem- October I*™™ber

Decem-

Janu-

ber

arv

™;"-

March

April

May

July

June

August

1

1

GENERAL BUSINESS INDICATORS—Continued
PERSONAL INCOME, BY SOURCE!

Seasonally adjusted, at annual rates: t
Total personal income

bil. of dol

Wage and salary disbursements, total
do
Commodity-producing industries, total
do —
Manufacturing only
do
Distributive industries
..
- -.do
Service industries
do
Government
.. _ _ do_
Otber labor income
do
Proprietors' income:
Business and professional
do
Farm
-- ..
_do_.
Rental income of persons
do
Dividends
do
Personal interest income
-do
Transfer payments
. . . do ..
Less personal contributions for social insur_--do
Total nonagricultural income

-~ - - -

-do

404.7

405.2

405.5

406.4

406.0

404.0

403.6

403.1

i 405. 5
407. 3

409.8

413.2

417.3

'421.2

273.6
111.3
88.0
72.6
41.1

273.2

273.0

272.9

109. 5
86. 3
72.4
41.4
49. 6
11. 1

269. 6
106. 2
83.8
71.8
41.6
50.0
11.0

269. 5
105. 6
83.5
71.8
41.7
50. 4
10.7

271. 1
106. 5
84. 1
71.8
42. 1
50 7
10.6

274. 6
109. 1
86 1
72.3
42.3
51.0
10.7

110. 5
87.6
72.9
42.5
51.3
10.8

280. 7
112.7
88.9
73.5
42.9
51.6
11.0

r 282. 3
M13.2
r
89. 3

48.6
10.9

110.0
86.7
72.3
41.3
49.4
10.9

269. 6
106. 2
84.0
71.8
41.7
49. 8
11.3

277.2

110.2
86.9
72.6
41.2
49.1
10.9

271. 5
108.3
85.4
72.0
41.5
49. 7
11.2

^43. 3
'51.8
11.1

113. 1
89.2
74.2
43.6
52.0
11.1

36.3
12.3

36. 3
12.4

36. 3
12.4

36.4
12.5

36. 4
12.8

36. 0
12.8

36 0
12.8

35. 8
12.9

3'). 0
13.0

36. 1
12.9

36. 3
12.9

36.4
13 0

36.6
12.9

36.6
12.9

11.7
14.0
26.3
28 8
9.3

11.7
14. 1
26.4
29.3
9.3

11. 7
14.3
26. 6
29. 8
9.4

11. 7
14.4
26. 6
30.2
9.3

11.7
14.4
26 7
30.7
9.3

ll.fi
14. 1
26 7
31 0
9. 2

11.6
14.2
26 8
31.1
9.6

11.5
14.2
2 ( i. 8
31. 1
9.4

11.4
14.2
26. 8
1
33. 7
9. 6

11.5
14.2
26.8
32. 5
9. 6

11.5
14.2
27.0
33.0
9. 7

11.5
14.3
27.1
33. 0
9.8

11.5
14.3
27 2
T i 35. 2
9.8

11.5
14.3
27.4
32.4
9.8

388.3

388.7

389. 0

389. 8

389.1

387.2

3S6. 8

386. 2

390. 4

392. 9

396. 4

400. 2

i 404. 0

402.0

8.61

2 r 8. 80

39.58

3 46
r
1 . 58
r
1.88

r3.44
r 1. 54

3 90
1 75
2.15

.26
. 18
.48
1.39

r.24
-.15
'.53

1

r 1 418. 6

r 74. 0

r

419.3
282.8

NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals:
Ml industries
T)

hi

M r !

T

d

hi

8.98

:

d i d

t ~p

Railroads
Transportation otber than rail
Public utilities

Mining
Railroads

p 1 1 ucurt' ,. '
r^u nc t i

"

.24

9 09

.21
. 17
.41
1 09
2 69

35 50

33 85

r

14 40
6 85
7 55

13. 75
6 50
7.25

r

1.00
1.00
1.90
5. 60
11.75

do
i
lo
lo

.. -

r

90
1 . 00
1 80
5 70
11 65

.95
.70
1 75
5 35
11.30

.25
.24
.47
1. 50
2 91

do
do
do
do

Seasonally adjusted quarterly totals at annual rates:
All Industrie 5 '
bil of dol

D uraj.ie g VK ' ,d . f-, 'p<^ ~~ ~ ~
'hi
d
,

r

3 00
1 41
1.59

14. 65
7.35
7.30

do

7.57

4 01
1 95
2.06

35. 90

do

' d i t '

9.53

3.62
1.80
1.81

bil of dol

lo
q

95

.46
1 58

r

1.90

•>• 2. 85

.28
.13
.47
1.68
3 12

33. 50

2 r 34. 80

3 35. 90

13. 50
r
6 20
r
7 30

>• 1 3. 75
r
6. 15
r
7. 65

14.20
6 35
7 85

1 00
r
. 70
1 80
r
5 50
r
11 05

95
. 60
r 2. 05
r
5 95
rll.50

r

r

r

r

i-1.59

r

r

1 05
.50
1 90
6 05
12 20

FARM INCOME AND M A R K E T I N G S ^

Cash receipts from farming, including Government
payments, total . ..
___
.-.mil. ofdoL
Farm marketings and CCC loans, total
Crops

do .
do

Dairy products
do
Meat animals
do
Poultry and eggs
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
All commodities
1947-49 = 100
Crops
-do
Livestock and products
do
Indexes of volume of farm marketings, unadjusted:
All commodities
1947-49 = 100
Crops
doLivestock and products
do

2,802

3,023

3,375

4,336

3,847

3, 268

3,123

2,272

2.278

2. 171

2,478

' 2, 568

2, 785

2,738

2,992

1,397
1, 595
379
902
282

4, 036
2,181
1,855
393
1,100
339

3,767
2,073

1 691
379
964
338

3.221
1.624
1 597
403
854
316

3.077

1.316
1, 422
389
759
250

3, 353
1 , 71 5
1 , 638
379
926
298

1.448
1 629
409
938
247

2, 250
788
1,462
377
819
238

2 259
607
1 652
424
924
279

2. 137
618
1,519
417
823
249

2, 236
615
1.621
448
897
256

2, 447
915
1, 532
427
832
246

2.714
1.289
1,425
411
748
243

112
123
104

123
130
117

138
160
120

166
203
136

155
193
124

132
151
117

126
135
120

92
74
107

93
57
121

88
58
111

92
57
119

100
85
112

111
120
105

132
143
124

143
148
140

156
174
142

191
236
156

176
222
142

146
168
130

144
163
131

102
81
118

103
57
137

97
53
130

106
52
147

120
90
142

131
134
129

INDUSTRIAL PRODUCTIONt
Revised Federal Reserve Index of Quantity Output
Unadjusted, total index (including utilities)!
1957-100.
By industry:
Manufacturing, total
do
Durable manufactures
do
Nondurable manufactures
_
do.
Minin?
do
Utilities
do
By market grouping:
Final products, total
Consumer goods
Automotive and home goods
Apparel and staples
Equipment, includine defense

do
do
do
do
do

103

107

108

110

106

101

102

103

104

107

108

111

106

pill

103
99
109
94

106
98
117
98

108
102
117
98

110
103
119
98

106
100
114
97

100
96
106
97

101
95
109
97

102
96
111
97

103
97
112
96

107
100
115
97

108
103
115
98

111
106
118
^98

'105
r
!00
"112
96

P102
P121

107
110
104
112
102

111
115
99
121
101

112
117
110
119
102

114
121
123
120
101

110
115
117
114
100

106
108
108
108
101

106
109
101
112
101

108
111
104
114
101

107
111
104
113
101

110
113
112
114
102

110
114
113
114
102

113
118
'119
r 117
103

109
!12
'103
115
102

pl!3
pl!8
"97
M25
P103

r

pllO
plOO

r
98
105
101
104
99
102
104
100
98
105
103
*109
Materials __
do
109
107
96
91
90
95
100
97
99
96
90
90
99
"103
105
Durable goods materials
. ... . ._
do.__
101
r
118
104
111
109
112
P114
112
110
110
108
110
106
l!4
113
Nondurable m aterials
do
r
L
Revised.
p Preliminary.
Italicized totals for March and July exclude stepped-up rate of, and special Government life insurance dividend payments to veterans, respectively; total
disbursements of $150 million (March) and $218 million (July) multiplied by 12 (to put on annual rate basis) amounted to $1.8 billion (March) and $2.6 billion (July).
Figures for transfer
payments and total nonagricultural income reflecting similar exclusion are as follows: March—$31.9 billion and $388.6 billion; July—$32.5 billion and $401.4 billion.
2 Estimates for July3
September 1961 based on anticipated capital expenditures of business.
Estimates for October-December 1961 based on anticipated capital expenditures of business. Anticipated expenditures for the year 1961, and comparative data for 1959-60, appear on p. 6 of this issue of the SURVEY.
tSee note marked "t" on page S-l.
cf Re vised beginning 1958; revisions prior to May 1960 will be shown later.
9 Includes data not shown separately.
t Revised series. For figures back to January 1955 for total and summary groups (seasonally adjusted), seep. 6 of the January 1960 SURVEY; for other information and earlier figures back
to 1947 (1919 for total industrial production, including utilities), see the December 1959 Federal Reserve Bulletin and the separate Federal Reserve publication, "Industrial Production: 1959
Revision" (available from the Board of Governors of the Federal Reserve System).




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