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BUSINESS STATISTICS EFFECTIVE with this issue of the SURVEY, the format of the Business Statistics Section (pages prefixed by the letter "S") has been changed to include additional columns containing recent annual averages (or totals). To accommodate this change within the space allotted, it was necessary to omit some series and to modify certain units of measurement. Retention of averages for the latest years in the monthly SURVEY should improve the usefulness of the magazine for current economic analyses. Annual averages from 1939 through 1960 appear in the recently released 1961 biennial BUSINESS STATISTICS volume. It should be noted that the annual averages shown here incorporate all revisions issued to date and may differ, in some instances, from those in the 1961 BUSINESS STATISTICS volume, which was sent to press last June. Where differences occur, the revised average is so indicated. * * * *and * trade firms, formerly shown in the front section of the The table providing inventory-sales ratios for manufacturing magazine, will now be shown in the Business Statistics Section (see p. S-5). Unless otherwise stated, statistics through 1960 and descriptive notes are shown in the 1961 edition of BUSINESS STATISTICS 1958 | 1959 II Annual total 1959 1958 1960 III IV I II 1960 III IV 1961 IV III II I I II Seasonally adjusted quarterly totals at annual rates GENERAL BUSINESS INDICATORS—Quarterly Series NATIONAL INCOME AND PRODUCT National income, total.. Compensation of employees, total Wages and salaries, total Private Military Government civilian Supplements to wages and salaries Proprietors' income, totalcf1 Business and nrofessionalcf Farm Rental income o f persons _ _ _ _ _ _ Corporate profits and inventory valuation ment, total .. Corporate profits before tax, total Corporate profits tax liability. Corporate profits after tax _ Inventorv valuation adjustment 417. 1 360.2 370.1 381. 7 390. 7 405. 2 399. 4 402.8 413.5 419. 2 419. 0 416.5 412. 2 426. 0 278.4 293.7 253.4 258.9 263.7 270. 6 280. 0 280.5 282. 4 290.2 294.6 296. 0 294.0 292. 6 300. 2 239.8 196.6 9.8 33.5 258.5 213 2 9.9 35 4 271.3 223. 0 9.9 38.5 236.3 193.5 9.7 33.2 241.6 197.6 10.0 34.0 245.8 201.5 9.9 34.4 251.4 206. 7 9.9 34.8 260. 1 215.0 9.9 35.3 260.3 214.8 9.9 35.7 261.9 216.0 9.8 36.1 268.3 221. 4 9.8 37.1 272.4 224. 6 9.8 38.0 273.2 224.2 9.9 39. 1 271.3 221.6 10.0 39.7 270.1 219 7 10.1 40 3 277 226 10 41 do__ 17.3 20.0 22.4 17.1 17.3 17.8 19.2 19.9 20.2 20.5 21.9 22.2 22.7 22.7 22.5 22 9 do do do do adjustbil.$ 46 1 32.5 13 5 12.2 46 3 35.0 11 3 11.9 48.2 36.2 12 0 11.7 45.6 32.1 13.5 12.3 46.2 32.7 13.4 12.2 46.5 33.5 12.9 12.1 46.6 34.1 12.5 12.0 46.7 35.2 11.5 11.9 45.9 35.3 10.6 11.8 46.1 35.3 10.8 11.7 46.3 35.8 10. 5 11.7 48.6 36. 4 12.3 11.7 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 36 12 11 37.2 46.4 45.1 34.4 37.9 43.8 45.3 50.2 44.4 45.5 47.4 45.9 44.1 42.9 40 0 45 5 46.8 23.1 23.7 -.5 45.0 22 3 22.7 .0 34.1 17.0 17.1 .3 38.2 19.0 19.1 44.7 46.1 22.8 23.4 -.9 51.5 25.4 26.1 — 1.3 44.8 22.1 22 7 -.4 44.9 22.1 22 7 7 48.1 23.9 24.2 46.3 23.0 23.3 -.4 43.2 21.4 21.7 .9 42.6 21.1 21.4 .3 39 6 19.6 20 0 .4 45 2 22. 4 22 8 .3 bil. $ 367.4 do 257. 1 do do do do do _.do do do 37.4 18.6 18.8 399. 6 9 22.4 -.9 3 0 1 2 2 3 9 5 do 14 8 16 6 18 4 14 5 15 0 15 6 16 2 16 4 16 7 17 0 17 8 18 3 18 6 18 9 19 ° 19 6 do 444. 5 482.8 504.4 437.2 447.0 460. 6 472.2 488. 5 482.3 488. 3 501. 5 506. 4 505. 1 504.5 500 8 516 1 Personal consumption expenditures, total.. do 293.2 314. 0 328.9 290.9 294.5 299. 8 305. 8 313. 6 316. 5 320.0 323.8 329. 9 329. 7 332. 3 330. 7 336. 1 Durable goods, total. _ _ _ _ _ _ _ _ _ _ do Automobiles and parts do Furniture arid household equipment do 37. 3 13.9 17.4 43.5 18.1 18.9 44.3 18.6 18.8 36.3 13.5 17.0 36. 7 13.2 17.6 39.5 15.6 17.8 41.6 17.2 18.0 44.5 19.0 18.9 44.4 18.4 19.2 43.7 17.6 19.3 44.7 18.8 19.1 45.3 19.3 19.0 43. 4 17.8 18.7 43.8 18.6 18.3 39 4 14 8 17 8 42 0 If) 7 18 3 Net interest Gross national product, total Nondurable goods, total Clothing and shoes Food and alcoholic beverages Gasoline and oil do do do do 141.6 25.7 76. 6 10. 5 147. 3 27.4 78.0 11.0 152.4 28.1 80. 1 11.6 141.1 25.4 76.9 "•0.4 142.6 26.2 76.6 10.6 143. 2 26. 2 76.9 10.6 144.9 26. 5 77.4 10.7 147.3 27.8 78. 1 10.9 147.7 27. 6 77 8 11. 1 149.3 27.8 78 7 11. 1 150 5 28. 1 78 9 11.4 153.3 28.3 80 6 11 6 152 7 28.3 79 9 11 6 153 1 27.7 80 8 11 8 153 7 27.9 81 1 11 7 1 54 1 27. 6 81 4 11 7 Services, total Household operation. _ Housing Transportation do do do do 114.3 16.9 37.7 9 2 123 2 18. 1 39.9 10 0 132 2 19.6 42.2 10 5 113. 5 16.8 37 4 9 1 115 2 17.0 38. 0 9.2 117. 1 17.2 38.5 9.4 119 4 17.5 39. 3 9 5 121 9 17. 8 39.8 9 8 124 18 40 10 r>7 o 128 19 41 10 131 19 41 10 133 19 42 10 6 7 7 5 135 4 137 20 43 10 139 9() 44 10 Gross private domestic in vestment, total New construction Producers' durable equipment Change in business inventories - Net exports of goods and services _ Exports Imports . __ ___ 6 2 1 4 2 5 9 5 9Q 0 43 1 10 5 5 6 6 5 9 q 2 7 56.6 72.4 72.4 63. 0 55.8 63. 6 70. 4 79.1 68.2 71.8 78.9 74.6 70.5 65. 6 59.8 68.8 do do do 35 5 23.1 —2 0 40 2 25 9 6 3 40 7 27.5 4 2 34 4 22.7 —4 0 35 1 22.3 —1 6 36 9 23.4 3.3 39 0 24. 3 7 1 41 2 26.3 11 7 41 0 26 6 7 39 6 26 6 5 6 40 9 97 ] 10 9 40 7 98 6 5 4 40 4 27 7 2 4 40 7 26 7 19 39 96 24 10 41 3 94 7 r 18 25.6 23 9 2 3 26.7 24 4 30 26.8 23 8 51 99 4 5 3 27.6 92 3 39 26. 4 29 5 99. 6 52.9 45 5 46 8 101.9 54.0 45 4 48 0 101. 6 53.0 45 7 48 6 105. 0 54.7 47 9 50 3 107.3 56. 6 501.0 >6 9 96 3 160. 6 187 7 56 4 502. 7 °54 98 94 160. 6 191 2 56 7 506. 4 54 6 93 4 9 do do do do do do do do do 1.2 22.7 21 5 —.7 23.1 23 8 3.0 26.7 23 6 91 4 1.6 22.9 21 4 .4 22.7 22 3 —.6 22.1 22 7 — 1.7 22.3 24 0 21.0 24 5 0 24.1 94 Q 93.5 52.6 44 8 40 8 97.1 53.5 46 2 43 6 100. 1 52.9 45 5 47 2 92.0 51.8 44 6 40 1 95.1 53.7 44 9 41 4 96. 7 54.3 45 5 42 3 98. 7 53. 2 45 9 43 5 97.5 53.9 46 5 43 6 98. 1 54. 1 46 3 44 0 96. 5 52.9 45 9 43 6 96. 9 51.8 45 5 45 0 446. 5 231 4 83.3 148.1 164 2 50 9 476. 5 244 0 91 3 152.8 176 2 56 3 500.2 254 3 94 3 160. 0 189 3 56 6 441.2 229 5 82 3 147.2 162 96 49 448. 0 93] q 81 8 150.1 166 0 50 8 457. 3 234 3 84 0 150. 2 169 6 53 5 465. 2 238 3 88 1 150.2 170 7 56 2 476.8 944 6 92 4 152.2 174 2 58 1 481.6 947 i 93 6 153. 5 177 6 56 9 482. 7 9 16 1 90 9 155.1 182 2 54 4 490.5 250 9 93 1 157.8 183 8 55 8 33 1 4 1.9 7 i 5 4 1.7 11 7 88 2.9 7 2 0 2.7 56 2 4 3.2 10 9 9 4 1.5 Inventory change, total do —2 0 Durable goods output _ ... do —2 8 36 Nondurable goods output. ... _ do .9 2.6 T Revised. cf Includes inventory valuation adjustment. 9 Government sales * For quarterly data back to 1947, see p. 34 of the July 1961 SURVEY. Digitized for608594° FRASER —61 3 18 9 40 5 10 2 do Government purchases of goods and services, total bil. $ ... Federal (less Government sales) __do National defense 9 do State and local _ do By major type of product:* Final sales, total Goods output, total _ _ Durable goods output Nondurable goods output Services Construction 4 2 1 2 4 2 2 5 1.8 1.3 22.7 4 0 4 0 -.0 16 —2 0 .4 9r 5 4 39 1. 5 4 2 0 9 161.3 1 Q4. (\ 57 9 19 38 9. 0 504. 8 49 7 87 4 ] 62. 3 K.7 9 0 g 50 6 513. 2 9 ^4 '-? 91 9 163. 0 C7 Q A O C 0 0 1 « 2 9 are nrot deducted. s-i SUKVEY OF CURRENT BUSINESS S-2 Unless otherwise stated, statistics through 1960 and descriptive notes are shown in the 1961 edition of BUSINESS STATISTICS 1958 1959 1958 1860 Annual total II October 1961 1959 III IV I II 1961 1960 III IV I II III IV I II GENERAL BUSINESS INDICATORS—Quarterly Series—Continued NATIONAL INCO ME AND PRODUCT— Con. Quarterly Data Seasonally Adjusted At Annual Pates GNP in constant (1954) dollars Gross national product total bil $ 401.3 428.4 440.8 395. 2 402.9 413.6 422.1 434. 4 426.6 430.7 441.0 443.4 440.2 438.4 433 2 445 5 Personal consumption expenditures, total _ _ d o 273.2 289.3 298.3 270.9 274.4 278.7 283.8 289.7 290.8 292.8 295.4 299. 5 298.6 299.6 297. 0 301. 6 do do do 35.5 133.3 104.4 41.0 138. 8 109. 5 41.8 141.8 114.7 34.7 132.3 104.0 35.1 134.3 105.1 37.5 135. 2 106. 1 39.2 136.8 107.7 41.7 139.3 108.8 41.6 139.2 110.0 41.4 140.0 111 4 42 1 140.9 112 4 42.5 142.9 114.2 40.8 142.0 115.8 41.6 141. 3 116. 6 37 6 141.6 117 8 39 8 142. 6 119 2 Gross private domestic investment, total_._do Durable goods Nondurable goods Services New construction _ Producers' durable equipment Change in business inventories __ Not exports of goods and services 49.0 61.1 60.6 45.8 48.1 54.7 59.9 66.9 57.3 60.4 66.6 62.3 58. 6 54.9 49.6 57.3 do do do 31.1 19.4 -1.5 34.3 21.3 5.5 33.9 22.7 4.0 30.2 19.1 -3.4 30.6 18.8 —1.3 32.1 19 5 3.1 33.7 20. 1 6.2 35.2 21 6 10. 1 34.7 21 7 .8 33.4 21 9 5.0 34. 3 22 4 9.9 33.9 23 4 4.9 33.6 22 7 2.3 33.9 22 1 — 1.1 32.9 19 9 —3 2 34 1 90 3 29 do — 2 —2 1 17 — 2 2 —1 1 —2 2 32 19 — 9 6 10 16 35 33 19 79.3 44.5 34.8 80.1 43 9 36.2 80.2 42 3 38. 0 78.6 44 4 34.2 80.2 44 9 35.3 81.2 45 4 35. 8 80.7 44 2 36.5 81.0 44 6 36.4 80.5 44 0 36.5 78.4 42. 7 35.8 78.4 41 7 36.7 80.6 42 7 37.8 81.3 42 9 38.4 80.3 41 6 38. 7 83. 3 43 1 40 2 84.7 44 7 40.0 360. 3 42.3 317.9 3*3. 3 46.0 337.3 402. 2 50.4 351.8 356. 0 41.8 314.2 364. 6 42.7 321.8 368. 2 43.1 325. 0 374.7 44.9 329. 8 384. 6 46.1 338.4 385. 1 46.4 338. 7 388. 9 46.6 342.3 395. 5 49.9 345. 7 403. 1 50.5 352. 7 405 1 50.8 354.4 405. 4 50. 5 354.9 404 7 50. 3 354 H 413 2 51.4 361 8 24.7 23.4 22.9 23.3 27.3 25.2 23.9 24.8 22.3 22.3 21.8 22.8 24.6 22.7 23 7 25 8 7.63 8.14 8.92 7.76 7.43 8.01 6.91 8.32 8.32 8.99 7.89 9.28 8.98 9.53 7 57 Government purchases of goods and services, total bil. $_. Federal do State and local _ _ do DISPOSITION OF PERSONAL INCOME Quarterly Data Seasonally Adjusted at Annual Rates Personal income total bil. $ Less: Personal tax and nontax payments do Equals* Disposable personal income do Personal savin.0" § ._ do NEW PLANT AND EQUIPMENT EXPENDITURES Unadjusted quarterly totals or averages: All industries bil $ 1 8 61 Manufacturing. Durable goods industries Nondurable goods industries do do_ _ do 2. 86 1.37 1.49 3.02 1.44 1.57 3.62 1.80 1.82 2.94 1.40 1.54 2.66 1.26 1.41 2.93 1.38 1.56 2.46 1.14 1.31 3.02 1.45 1.57 3.02 1.44 1.58 3.57 1.74 1.83 3.09 1.55 1.54 3.76 1.88 1.88 3.62 1.80 1.81 4.01 1.95 2.06 3. 00 1.41 1.59 3.46 1.58 1.88 Mining Railroads _ _ __ _ Transportation, other than rail Public utilities __ Commercial and other do -do do do do .24 .19 .38 1.52 2.45 .25 .23 .51 1.42 2.72 .25 .26 .48 1.42 2.89 .24 .20 .37 1.51 2.50 .22 .14 .32 1.63 2.45 .25 .16 .41 1.72 2.54 .21 .16 .41 1.20 2.47 .24 .26 .53 1.47 2.79 .26 .28 .54 1.48 2.74 .27 .22 .55 1.51 2.87 .22 .25 .47 1.18 2.69 .27 .29 .55 1.42 2.99 .25 .24 .47 1.50 2.90 .24 .25 .46 1.58 2 99 .21 .17 .41 1.09 2.69 .26 .18 .48 1.39 2.85 Seas. adj. qtrly. totals at annual rates: All industries do 30.32 29.61 29.97 30.62 32.51 33.35 33.58 35.15 36.30 35.90 35. 50 33.85 Manufacturing Durable goods industries Nondurable goods industries do do do 11 53 5 57 5.96 10 86 5 16 5.70 10 58 4.86 5.72 11 20 5.26 5.94 11 80 5. 74 6.06 12 25 5.83 6.42 12 87 6.16 6.71 14 10 7 15 6.95 14 70 7.40 7.30 14 65 7.35 7.30 14 40 6.85 7.55 13 75 6 60 7.25 13 50 6.20 7.30 .92 . 77 1 40 5 97 9 73 .88 .63 1 29 6 10 9 85 .97 .58 1 62 6 % 9 96 .95 .63 1 71 5 80 10.33 .94 1.00 2 08 5 8'> 10 87 1.01 1.28 2.17 5 58 11.06 1.04 .85 2.15 5 48 11.19 1.00 1.00 2 00 5 75 11 35 1.05 1.10 2.15 5 70 11.60 1.00 1.00 1.90 5 60 11.75 .90 1.00 1.80 5 70 11.65 .95 . 70 1 75 5 35 11 30 1.00 .70 1.80 5 50 11.05 4, 583 2 4, 660 4, 565 4,580 4. 595 4,615 4, 635 4. 655 4, 670 4,690 4,710 4,725 4,730 4, 740 4, 755 6,401 6,421 7,266 6,646 6,062 6,666 5. 970 6, 453 6, 352 6,908 6.796 7,584 6,941 7,744 7,210 570 494 441 681 455 524 507 605 402 460 443 622 282 418 312 4,066 731 1,035 4,071 761 1,096 4, 852 801 1,172 4,193 699 1,073 3,816 703 1,088 4,196 913 1,033 3,807 633 1,023 4.074 668 1,106 4,058 716 1,176 4,343 1,026 1,079 4,607 695 1,051 4,994 752 1,216 4,676 735 1,248 5,132 1,023 1,171 5,009 817 1,072 4,910 872 1,243 5, 263 5,884 5, 832 5. 278 5,388 5,446 5,401 5,964 6,228 5,944 5,769 6,074 6,057 5,427 5,322 5, 634 3, 238 Merchandise, adjusted^fcf - do 169 Income on foreign investments in U.S. __ _ do . _ 853 Military expenditures do 1,004 Other servicescf do 3.824 208 777 1,076 3, 680 232 762 1,157 3,166 150 912 1,050 3.124 164 839 1,261 3, 522 188 829 907 3,594 180 780 847 3,879 193 789 1,103 3.847 207 786 1,388 3,974 250 754 966 3, 830 249 767 923 3,857 233 756 1.228 3,550 220 798 1,489 3,485 227 727 988 3,407 215 759 941 3,469 211 748 1,206 +674 +1,220 +569 +489 +124 +964 +1,027 +1,510 +884 +2,317 +1, 888 —949 —1,135 —1,022 -1,253 -164 -142 -144 -156 -979 -805 -880 -1,089 —900 -1,079 -1,012 -155 -154 -173 -857 -746 -906 _- Mining - - do Railroads do Transportation other than rail do Public utilities do Commercial and other do BUSINESS POPULATION Firms in operation, end of quarter (seasonally adjusted __ . _-thous_- 2 4, 533 U.S. BALANCE OF INTERNATIONAL PAYMENTS Annual Data Are Quarterly Averages Exports of goods and services total mil $ Military transfers under grants net do Merchandise, adjusted, excluding military transactionsH mil. $ Income on investments abroad do Other services and military transactions do Imports of goods and services, total Balance on goods and services Unilateral transfers (net) total Private Government do - do _ _ +1,138 2 +537 +1,434 +1,368 —1,155 —1 100 —1,064 —1,279 do -144 -131 -158 do_ __ -135 -956 905 -1,148 -1,020 do U.S. long- and short-term capital (net), total-do Private do Direct investments do Government do -954 -711 -274 -243 -682 -1,241 -1,251 -594 -964 -1,025 —411 -343 —424 -226 -88 -277 —999 -1,157 -1,128 —1,186 -152 -135 -124 -140 -993 -1,046 -875 -1,005 -784 -451 —156 -333 +451 +930 +307 +607 Foreign long- and short-term capital (net) do +11 +483 +183 +569 +426 +1 . 075 Gold sales [purchases ( — )] do +132 +175 +76 -162 +95 Errors and omissions do r Revised. 1 Estimates for July-Sept. 1961 and Oct.-Dec. 1961, based on anticipated capital expenditures of business, anticipated expenditures for the year 1961, and comparative data for 195960, appear on p. 6 of the Sept. 1961 SURVEY. 2 Unadjusted. Data represent firms in operation as of Jan. 1; estimate for Jan. 1, 1961 (based on incomplete data) is 4,717,000. -893 — 726 —372 -167 -494 -1,032 -412 -738 —442 -287 -82 -294 -607 -387 —994 -220 -595 -838 -419 +243 -875 -1,110 -1,075 -1,905 -1,400 -794 -980 -924 -1,557 -651 -464 I -331 -733 -327 -303 -420 -151 -348 -224 -386 1 33. 50 -163 -589 -934 -431 +345 +491 + 187 +198 +554 +887 +571 +771 +858 +1,042 +1,273 +548 -330 +346 +921 +94 +72 +95 +637 +50 +347 +397 +167 -282 -9 -452 -128 -8 -117 +146 +49 -71 +100 +290 §Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product on p. S-l. f Adjusted for balance-of-payments purposes, mainly for valuation, coverage, and timing, d" Excludes military expenditures.
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