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SURVEY OF CURRENT BUSINESS

12

December 1974

NATIONAL INCOME AND PRODUCT TABLES
1973
1972

1973

II

HI

1974

IV

I

II

1973

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

792 5

839 2

837 4

840 8

845 7

830 5

827 1

QOO -I

729.0

805.2

799.0

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

118.4
299 7
310 9

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
225 8
213.7

179 3

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

122 7

170.8

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
64.0
53 4

136 8
47 0
89.8
57 2
56 7

135 6
46 2
89 4
58 7
58 4

139 0
47.9
91.1
58 1
57.6

141 9
49 3
92.6
53 6
53.0

145 2
51.3
93.9
48 4
47.8

149 4
52 2
97.2
48 8
48 0

150.9
51.0
99.9
46.2
45.4

.8

.8

83 7
23.8
59.8
34.3
33.9

94.4
25.4
69.0
32.9
32.6

94.3
25.1
69.2
34.1
33.9

95.1
25.6
69.5
32.6
32.4

96.0
26.0
70.0
29.8
29.5

96 3
26.7
69.7
26.4
26.0

96 5
26 6
69.9
25 7
25.3

94.1
25.4
68.7
23.6
23.1

85

15 4
11 4

10 7

11.8

28.9
24.0

16.9
13.1

13 5
10.4

8.7
6.6
2.1

7.0
6.4
.7

10.8

7.8
6.3
1.5

8.0
6.2
1.9

20.0
17.9

10.6

8.2
6.4
1.8

5.0
3.9
1.1

1 158 0 1 294 9 1 277 9 1 308 9 1 344 0 1 358 8 1 383 8 1 416 3

Personal consumption expenditures
Durable goods..
Nondurable goods
Services

. -

Gross private domestic investment
Fixed investment
Nonresidential
Structures.
_
Producers' durable equipment—
Residential structures
Nonfarm..
__ .
Farm

_

.6

.5

.4

.5

.6

.7

.4

.3

.2

.3

.4

.4

.4

.4

Change in business inventories
Nonfarm..
Farm

7,8
.7

Net exports of goods and services

—6 0

39

.5

6.7

9.3

11.3

—1.5

-3.1

—3.0

4.6

3.5

5.8

7.9

11.5

8.2

7.3

72.4
78 4

100.4
96 4

95.4
94 9

103.7
96.9

113.6
104.3

131.2
119.9

138.5
140.0

143.6
146.7

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

70.9
63.6

265.7

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 i
150.8

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

89.3

89.7

89.5

89.4

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

4.0

7.4
4.4

7.7
3.0

4.9

3.8

3.1

8.9
1.8

8.7
1.8

2.1

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 1,416.3

792.5

839.2

837.4

840.8

845.7

830.5

827.1

823.1

1. 149. 5 1.279 6 1. 267. 2 1, 297. 0 1, 315. 1 1, 341. 9 1, 370. 3 1,407.6
8.7
16.9
28.9
13.5
10.7
11.8
8.6
15.4

Gross national product
Final sales
Change in business inventories

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

818.1

458.8

465.1

449.1

448.9

446.0

8.2

5.0

543 8

622.7

611.6

629.9

653.6

651.9

664.9

681.7

425.5

459.1

457.6

535 2

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

8.5

607 3
15.4

Durable goods
Final sales
Change in business inventories

221 4
214.3

250 3
240.9

252.8
243.9
9.0

255.4
240.6
14.8

251.0
242.3

246.6
248.5
—1.8

265.5
259.8
5.7

185.8
180.1

9.4

248.9
241.2
7.7

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
-1.2

200.2
196.6
3.6

Nondurable goods
Final sales
Change in business inventories

322.4
321 0
14

372.4
366 5
60

362.7
359 7
30

377.1
374.2

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

2.9

398.2
384.1
14.1

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
2444
1.4

Services

488 1

534 4

528 3

540.2

553.2

569.7

579.2

597.8

291.4

304.5

303.5

306.9

307.8

310.7

308.3

310.7

Structures

126 1

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

66.4

Goods output

.

Final sales
Change in business inventories

-

7.1

8.7

5.7

5.0

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product

1,416.3

792.5

839.2

837.4

840.8

845.7

830.5

827.1

823.1

835.7

840.7

823.5

824.1

819.8

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

Gross domestic product
Business
Nonfarm
Farm

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

.

Households and institutions
General government
Federal
State and local
Rest of the world
Addendum: Gross private product

787.7

833.9

832.4

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
60.5
51.1
60.2
64.4
35 3 ' 56 5 53 4

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

48.0

17.6

18.5

18.5

18.8

18.7

19.1

18.8

18.9
64.2
21.0
43.2

37.2

41.3

40.7

42.0

43.0

44.6

46.5

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

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

6.5

8.4

8.0

8.3

8.9

14.7

9.7

11.1

4.7

5.2

5.0

5.1

5.0

7.0

3.0

3.3

1,021.6 1, 146.5 1,131.1 1,159.5 1,190.7 1,202.5 1,225.0 1,254.7

731.7

776.9

775.3

778.4

782.8

767.0

763.2

758.8

*Third quarter net exports (and related totals) revised.

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

ARE 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
Gross national product totalf

bil. $

1,054.9

Personal consumption expenditures, total. .do

667.1

1,158.0

1,294.9

729.0

805.2

1,061.3

1,083 2

1,115.0

1 143.0 1,169.3

736.8

1,204.7

1,248.9

1,277.9

1,308.9

1,344.0

1,358.8

757.2

781.7

799.0

816.3

823.9

840.6

869.1

901.3

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

672.1

683.8

701.5

720.6

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

1,383.8 ' 1,416. 3

Durable goods tota!9
- Automobiles and parts
Furniture and household equipment

do..
do
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

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

389.0
75.7
191.3
37.9

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

147.4
104.6
37 9
66.6
42.8
42.3

170.8
116.8
41.1
75.7
54.0
53.4

149.7
104.8
38.5
66.3
44.9
44.2

155.4
107.8
38.4
69.4
47.6
47.0

164.5
112.7
40.7
72.0
51.8
51.2

167.6
114.7
41.0
73.7
52.9
52.3

171.9
117.5
40.6
76.8
54.5
53.9
10.2

189.0
130.5
44.6
85.9
58.5
58.0
10.0

194.4
135.6
46.2
89.4
58.7
58.4
10.7

197.1
139.0
47.9
91.1
58.1
57.6
11.8

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

197 1
150.9
51.0
99.9
46.2
45.4

9.6

179.2
122.5
42 2
80.3
56.7
56.2
11.0
10.4

Services total 9
Household operation
Housing
Transportation
__

_

-- . ._ .

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
-

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
. . .
. .do .
Goods, total
.
....
do
Durable goods
do
Nondurable goods
.
.
do
Services
do
Structures
do
Change in business inventories
Durable goods
.. . . .
Nondurable goods

do
do
do

8.5
7.8

-.2

do
do
.do

6.3
4.9

194.0
136.8
47.0
89.8
57.2
56.7
15.4
11.4

65.4
65.6

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

-6.0
72.4
78.4

100.4
96.4

234.2
97.6
71.2
136.6

255.7
104.9
74.8
150.8

1,048.6
491.6
191.8
299.8
446.0
111.0

3.8
2.4

5.4
4.4

.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

9.3

68.2
68.1

88.8
89.5

95.4
94.9

103.7
96.9

113.6
104.3

11.3
131.2
119.9

-1.5
138.5
140.0

•• -3.1
' 143. 6
' 146. 7

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
243.9
241.2
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

3.9

5.0
4.1

8.0
7.0

6.5

-.8

7.7

.5

7.4
6.7

8.7
6.6

1,370.3 '1,407.6
651.3
673.0
248.5
259.8
402.9
413.2
579.2
' 597. 8
139.7
136.7

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

814.2

832.8

837.4

840.8

845.7

830.5

827.1

r 823. 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 2
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

8.7
5.7
3.0

GNP in constant (195S) dollars!
Gross national product, totalf

bil.$_.

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

do
do
do . .

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

Fixed investment
Nonresidential
Residential structures
Change in business inventories

do
do
do
do

105 8
76 7
29.1
5.3

118 0
83 7
34.3
7.0

127 3
94 4
32.9
10.8

106 5
76 2
30.3
3.4

110 2
78 6
31.6
4.6

115 2
81 3
33.8
4.2

116 6
82 4
34.2
6.6

118 1
83 8
34.3
8.5

122 0
87 2
34.8
8.8

127.1
92.2
35.0
7.3

128.4
94.3
34.1
7.8

127.7
95.1
32.6
8.0

125.8
96.0
29.8
20.0

122.7
96.3
26.4
10.6

122.2
96.5
25.7
8.2

117.7
94.1
23.6
5.0

Net exports of goods and services

do

-.5

-3.0

4.6

-.1

-2.4

-4.9

-3.6

-1.4

-1.9

1.4

3.5

5.8

7.9

11.5

8.2

'7.3

Govt. purchases of goods and services, total, do
Federal
do
State and local
do

139.3
60 9
78.4

143.1
61 0
82.1

144.4
57 3
87.0

139.7
61 3
78.4

142.6
62 4
80.2

143.8
62 9
80.9

143.8
62 5
81.3

141.8
59 5
82.4

143.0
59 2
83.8

144.1
58 9
85.2

143.9
57.7
86.2

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
S9.4

Gross private domestic investment, total.. .do

T
Revised.
* Preliminary.
t Re vised series. Estimates of national income and product
and personal income have been revised back to 1971 (see p. 11 ff. of the July 1974 SURVEY);

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
565-097 O - 75 - S-1




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

1971

1972

1972

I 1973
I

Annual total

II

December 1974
1973

III

IV

1

II

1974

III

IV

I

II

1975
III

IV

I

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Duta Seasonally Adjusted at Annual Rates
mplicit 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

167.31 ' 172. 07
160.2
164.7

154. 31
145.9

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

139.3
136.3
147.4
168.1

144.8
139.6
157.4
178.6

152.4
144.9
174.0
191.5

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

857. 7

946.5

1,065.6

912.3

932.5

954.3

987.0

1,027.6

1,051.2

1,077.3 1,106.3

1,118.8

do

Compensation of employees total

146. 12
138.2

bil $

National income totalf

141. 35
134.4

643.1

707.1

786.0

683.8

699.0

712.6

732.9

759.1

776.7

814.8

828.8

848.3

868.2
761.5
602.5
20.8
138.2
106.7

793.3

162.3
154.9
190.0
208.8

167.5
160.4
195.9
214.1

1,130.2 '1,155.5

do
do
do
do
do

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

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
588.3
20.9
135.4
103.7

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

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

78.7

92.2

105.1

86.5

89.5

92.9

99.8

103.9

105.0

105.2

106.4

107.7

105.6

' 105. 8

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

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

'20.7
'85.1
48.6
33.3
15.3

8.3
22.5

9.2
24.6

9.2
28.7

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

9.2
30.3

7.1
33.7

8.0
30.1

8.6
28.0

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

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

122. 7
49.5
73.2
30.7
42.5

135.4
52.2
83.2
31.6
51.6

139.0
55.9
83.1
32.5
50.5

' 157. 0
'62.7
'94.3
33.2

do
do

-4.9
41.6

-7.0
45.6

52.3

-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
55.5

-27.7
57.5

944.9
142.4
802.5
749.9
52.6

1,055.0
151.3
903.7
829.4
74.4

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
144.1
147.0
892.1
838.1
869.5
822.5
779.2
804.2
69.6
58.9
65.3

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
Noimnancial corporations, total

adjustbil. $
do
do

Nondurable goods industries
Durable goods industries

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

"Ll

-33.4 '-51. 2
62.8
60.1

DISPOSITION OF PERSONAL INCOME f
Quarterly Data Seasonally Adjusted at Annual Rates
1,068.0 1,099.3 1,112.5 1,134.6
168.2
159.9
154.2
161.9
966.5
939.4
950.6
913.9
894.9
850.1
866.2
840.7
71.5
89.3
73.2
84.4

Personal income, total
Less; Personal tax and nontax payments
q ^ .
p a e p so a co e

bil. $..
do
uo

Equals: Personal saving§

do

864.0
117.6
746.4
685.9
60.5

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

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

Nonmanufacturing- _.. .

do

61 22

57.09

61.73

12.77

14.38

14.12

15.83

13.69

15.57

15.42

17.05

14.61

16.89

Mining
..
Railroad
Air transportation
Other transportation

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

.58
.48
.60
.32

.61
.48
.73
.39

.59
.38
.61
.35

.63
.47
.63
.40

.63
.46
.52
.32

.71
.46
.72
.43

.69
.48
.67
.44

.71
.56
.60
.47

.68
.50
.47
.34

.78
.64
.61
.49

do
do
do
do
do

16.30
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

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

do
do
do
do

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

56.70

56.75

66.70

58.30

60.68

61.18

62.09

63.12

64.31

66.08

2.80
2.10
2.13
1.63

3.07
2.42
2.21
1.84

1,168.2
175.1
993.1
927.6
65.5

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

Public utilities
Electric
Gas and other
Communication
Commercial and other

.

.

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

.

do
do
do
do

2.42
2.10
1.96
1.48

2.38
1.88
2.89
1.53

Public utilities
do
16.60
16.92
Electric
.
do
14.32
14.27
Gas and other
do
2.27
2.65
Communication
.
do
11.59
11.71
19.88
Commercial and other.. ...
do
20.10
' Revised.
p Preliminary.
1 Estimates (corrected for systematic biases) for Oct.Dec. 1974 and Jan.-Mar. 1975 based on expected capital expenditures of business. Expected
expenditures for the year 1974 appear on p. 20 of the December 1974 SURVEY.
2 includes
communication.
f See corresponding note on p. S-l.
9 Includes inventory valuation




2.40
1.50
2.67
1.41

2.46
1.71
2.33
1.42

2.59
2.11
2.21
1.53

2.77
1.75
2 72
1.62

2.82
1.95
2.49
1.79

2.76
2.05
2.20
1.73

' 28. 23'1 31. 44 i 26. 38
'11.62 ' 13. 42 11.18
5.34
'5.65 '6.69
5.84
'5.96 '6.73

16.61 ' 18. 02

15.20

^.80
'.64
'.43
'.58

'.83
'.72
'.45
'.63

.81
.63
.42
.44

'5.20
'4.42
'.78
3.39
'5.57

'5.72
'4.82
'.90

4.69
4.04
.65

'2 9. 67

28.20

111.40 ' 113.99 '1114. 40
45.32 ' 47. 04 ' 47. 33
22.50 ' 23. 08 ' 23. 45
22.82 ' 23. 96 ' 23. 88

1118.06
50.68
24.09
26.59

' 66. 94 ' 67. 06

67.38

'3.24
'2.79
'1.70
'2.38

3.34
2.68
1.91
2.42

'3.27
'£.68
'1.84
'2.16

20.97 ' 20. 16 ' 21. 11 21.68
20.12
19.80
18.38
18.08
18.58
17.01
17.53
17.96
18.10 ' 17. 47 ' 17. 84
17.12
16.72
16.00
15.40
15.55
14.62
14.67
3.72
2.87 ' 2.68 '3.26
3.00
3.08
2.52
2.98
2.58
2.38
2.86
14.01
13.94
13.83
13.24
13.12
12.34
12.70
11.56
12.63
21.63 ' 22. 84 '2 35. 83 2 35. 36
21.69
21.35
21. 55
21.36
21.53
20.21
20.16
adjustment.
0 Personal outlays comprise personal consumption expenditures, interest
paid by consumers, and personal transfer payments to foreigners.
§ Personal saving is excess of disposable income over personal outlays.
UData for individual durable and nondurable goods industries components appear in tne
Mar., June, Sept., and Dec. issues of the SURVEY.

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