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BUSINESS STATISTICS
J. HE STATISTICS here update series published in the 1961 edition of BUSINESS STATISTICS, biennial Statistical Supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.00) contains data by months, or quarters, for the years 1957 through 1960 (1951-60, for major
quarterly series) and averages of monthly or quarterly data for all years back to 1939; it also provides a description of each series and references
to sources of earlier figures. Series added or significantly revised after the 1961 BUSINESS STATISTICS went to press are indicated by an asterisk
(*) and a dagger (f), respectively; certain revisions for 1960 issued too late for inclusion in the aforementioned volume appear in the monthly
SURVEY beginning with the July 1961 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 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1958

| 1959

1960

IV

Annual total

1959

1958

I

II

1960
III | IV

I

II

1961
III

IV

I

II

III

IV

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
bil. $

367.4

399.6

417.1

381.7

390.7

405.2

399.4

402.8

413.5

419.2

419.0

416.5

412.2

426.0

434. 3

do

257.1

278.4

293.7

263.7

270.6

280.0

280.5

282.4

290.2

294.6

296.0

294. 0

292.6

300. 2

306.2

Wages and salaries, total _. _
Private
M ilitary
Government civilian
__

do
do
do
do

239.8
196 6
98
33.5

258. 5
213 2
99
35.4

271.3
223. 0
9 9
38.5

245.8
201 5
9 9
34.4

251.4
206.7
9 9
34.8

260.1
215.0
99
35.3

260.3
214.8
9 9
35.7

261.9
216 0
98
36.1

268.3
221.4
98
37.1

272.4
224. 6
98
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

277.3
226.0
10 1
41.2

282.7
230 7
10 2
41.9

Supplements to wages and salaries

do

17.3

20.0

22.4

17.8

19.2

19.9

20.2

20.5

21.9

22.2

22.7

22.7

22.5

22.9

23.4

48.9
36.0
12.9
11.5

49.2
36.3
12.9
11.5

c 49.4
36. 6
12 8
11.5

National income, total

_.

Compensation of employees, total

Proprietors' income, totaled
_ _
do
Business and professionalcf
- - do
Farm
do
Rental income of persons_
do
Corporate profits and inventory valuation adjustment, total
hi! $
Corporate profits before tax, total
Corporate profits tax liability
Corporate profits after tax _ _ _
Inventory valuation adjustment

_

do
do
do
do

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

44.4

45.5

47.4

45.9

44.1

42.9

40.0

45.5

47 o

44.8
22.1
22.7
— .4

44.9
22.1
22.7
.7

48.1
23.9
24. 2
7

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

47.2
23 3
23.8
2

48.2
36.2
12. 0
11.7

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

46.4

45.1

43.8

45.3

50.2

46.8
23. 1
23.7
— .5

45.0
22.3
22.7
.0

44.7
22.3
22.4
— .9

46.1
22.8
23.4
-.9

51.5
25.4
26.1
-1.3

46.1
32.5
13.5
12.2

46.3
35.0
11.3
11.9

37 2

37.4
18.6
18.8
— .3

do

14 8

16 6

18 4

15 6

16.2

16 4

16.7

17 0

17 8

18 3

18 6

18 9

19 2

19 6

20 *}

__ _ do

444. 5

482.8

504. 4

460. 6

472.2

488. 5

482.3

488. 3

501.5

506. 4

505. 1

504. 5

500.8

516.1

525 8

do

293. 2

314. 0

328.9

299. 8

305. 8

313. 6

316.5

320.0

323.8

329.9

329.7

332. 3

330. 7

336. 1

341 0

Durable goods, total 0
do
Automobiles and parts
do
Furniture and household equipment _.do

37 3
13.9
17.4

43 5
18.1
18.9

44. 3
18.6
18.8

39 5
1 5. 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
16 7
18.3

42 3
16 4
18.8

Nondurable goods, total©
__ _ d o _ _
Clothing and shoes
do
Food and alcoholic beverages.. _ _.
do __
Gasoline and oil. . _ _
do

141. 6
76.6
10.5

147.3
27 4
78.0
11.0

152.4
28 1
80.1
11.6

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

154.1
27 G
81.4
11 7

156
28
81
11

2
6
9
8

Services, total©— _
Household operation
Housing
___ _
___ __ __ _ _
Transportation
__

114.3
16.9
37.7
9.2

123.2
18.1
39.9
10.0

132. 2
19 6
42.2
10.5

117. 1
17.2
38. 5
9.4

119.4
17.5
39.3
9.5

121.9
17.8
39.8
9.8

124.4
18.2
40.1
10.2

127.0
18 9
40.5
10.2

128.6
19.2
41.1
10.4

131.2
19 5
41.9
10.5

133.6
19 7
42.7
10. 5

135. 4
20 0
43 1
10.5

137.5
20 6
43 6
10. 5

139 9
20 9
44 2
10 7

142
21
44
10

4
2
8
9

Net interest
Gross national product, total

-

Personal consumption expenditures, total

do
do
do
__ do

56.6

72.4

72.4

63.6

70.4

79.1

68.2

71.8

78.9

74.6

70.5

65.6

59.8

68.8

73 2

35.5
23.1
-2.0

40.2
25.9
6.3

40.7
27.5
4.2

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
27.1
10.9

40.7
28 6
5.4

40.4
27 7
2.4

40.7
26 7
-1.9

39.6
24 2
—4.0

41.3
24 7
28

42.7
26 0
4 5

1.2
22.7
21 5

-.7
23 1
23 8

3.0
26 7
23 6

.4
22.7
22 3

-.6
22.1
22 7

-1.7
22.3
24 0

-.5
24.0
24 5

.0
24 1
24 0

1.8
25 6
23 9

2.3
26 7
24 4

3.0
26 8
23 8

5.1
27 6
22 4

5.3
27 6
22 3

3.9
26 4
22 5

26
27 0
24 3

93.5
52.6
44.8
40.8

97.1
53.5
46 2
43.6

100.1
52.9
45 5
47 2

96.7
54.3
45 5
42.3

96.7
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

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.
54
47
50

0
7
2
3

107.3
56 0
48 8
50 6

109.0
67 4
49 0
51 6

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

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
244 6
92.4
152 2
174 2
58 1

481.6
247 1
93.6
153 5
177 6
56 9

482.7
246 1
90.9
155 1
182 2
54 4

490.5
250 9
93.1
157 8
183 8
55 8

501.0
256 9
96.3
160 6
187 7
56 4

502 7
254 8
94.2
160 6
191 2
56 7

506 4
254 6
93.4
161 3
194 6
57 °

504 8
249 7
87.4
162 3
197 9
57 2

513 2
254 3
91.2
163 0
201 1
57 9

521 3
256 9
92.6
164 3
205 1
59 2

Inventory change, total,
do
6.3
4.2
-2.0
3.3
Durable goods output „ _ _ _
do
2 5
3.6
-2.8
14
Nondurable goods output
do
.9
2.6
1.8
1.9
r
c
Revised. tf Includes inventory valuation adjustment.
Corrected.
©Includes data not shown separately.
9 Government sales are not deducted.
*For quarterly data back to 1947, see p. 34 of the July 1961 SURVEY.

7.1
54
1.7

11.7
88
2.9

.7
—2 0
2.7

56
24
3.2

10.9
9 4
1.5

54
39
1.5

24
4
2.0

—1 9
—3 8
2.0

—4 0
—5 8
1.8

28
3.' 2

4 5
35

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

.

Net exports of goods and services
Exports
Imports

do
do
do
do-_ _
do
do
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 _ _


019486°—61


do
do
do
do
do
do

9

l!i

S-l

_ _____

SURVEY 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

1860

Annual total

1959

1958
IV

December 1961

I

II

1960
III

IV

I

II

1961
III

IV

I

IV

III

II

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
GNP in constant (1954) dollars
Gross national product, total
bil $

Durable goods
Nondurable goods
Services

_...

428.4

440.8

413. 6

422. 1

434. 4

426.6

430.7

441.0

443.4

440.2

438.4

433 2

445.5

451 8

273.2

289.3

298.3

278. 7

283.8

289.7

290.8

292.8

295.4

299.5

298.6

299.6

297.0

301.6

305 0

35. 5
133. 3
104.4

41.0
138.8
109. 5

41.8
141.8
114.7

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

39 9
144 5
120 6

do

49.0

61.1

60.6

54.7

59.9

66.9

57.3

60.4

66.6

62.3

58.6

54.9

49.6

57 3

60 4

do
do_
do

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

401.3

do
do
do
do

Personal consumption expenditures total

31.1
19.4
-1.5

34.3
21.3
5.5

33.9
22.7
4.0

32.J
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
20.3
29

35 1
21 4
39

2

-2.1

1.7

— 1.1

-2.2

-3.2

—1.9

-.9

.6

1.0

1.6

3.5

33

19

6

Government purchases of goods and services, total
bil $
Federal
do, _
State and local
do

79.3
44.5
34.8

80.1
43.9
36.2

80.2
42.3
38.0

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

85 7
45 0
40 8

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

360.3
42.3
317.9

3*3. 3
46. 0
337.3

402. 2
50.4
351.8

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 I
50.5
352.7

405 1
50.8
354. 4

405 4
50.5
354.9

404 7
50.3
354.3

413 2
51 4
361.8

24.7

23.4

22.9

25.2

23.9

24.8

22.3

22.3

21.8

22.8

24.6

22.7

23.7

25.8

Net exports of goods and services

do

Personal savin f §
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals or averages:
All industries
bil. $
Manufacturing
Durable good^ industries
Nondurable rood** industries
Mining
Railroads
Transportation other than rail
Public utilities
Commercial and other

420 3
52 5
367 7
26 8

do
-- - do __
do
.. _ do __
do

7.63

8.14

8.92

8.01

6.91

8.32

8.32

8.99

7.89

9.28

8.98

9.53

7.57

8.61

'8.65

i 9.67

2.86
1.37
1.49

3.02
1.44
1.57

3.62
1.80
1.82

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

r
r

'3.34
1. 50
1.84

3.92
1.79
2.13

.24
.19
.38
1.52
2.45

.25
.23
.51
1.42
2.72

. 25
.26
.48
1.42
2.89

. 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
.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

°9. 97

do
do
do

30. 62

32. 51

33.35

33. 58

35.15

36.30

35.90

35.50

33.85

33.50

r

34. 70

Seas. adj. qtrly. totals at annual rates:
Manufacturing
Durable goods industries

r

U.S. BALANCE OF INTERNATIONAL
PAYMENTS
Annual Data Are Quarterly Averages
Exports of goods and services, total
mil $

.47
1. 50
<- 2. 94

71

Aterchandise idjusted^o
Income on foreign investments in U.8
Military expenditures
Other services*^

do
do
do
do

do
_. do

U.S. long- and short-term capital (net), total. -do
Private
do
Direct investments
do
Government
do

35. 90

2 4, 533 2 4, 583 2 4, 660

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
6.50
7 25

13.50
6.20
7.30

13.65
r
6 . 10
r
7 55

14.00
6.35
7 65

97
.58
1 . 62
6. 26
9.96

.95
.63
1.71
5.80
10. 33

.94
1.00
2. 08
5. 82
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

' 1.00
r
. 65
r
1.90
r
5 65
r
11.85

1.00
.60
1.90
5.70
12.65

4,595

4,615

4,635

4,655

4,670

4,690

4,710

4, 725

4,730

4,740

4,755

4,770

7,593

6,401

6, 421

7, 266

6, 666

5,970

6,453

6,352

6,908

6,796

7,584

6,941

7,744

7,210

570

494

441

524

507

605

402

460

443

622

282

418

312

572

4, 066
731
1,035

4, 071
761
1,096

4, 852
801
1,172

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, 912
r
852
r
1, 257

4. 670

5 884

5 839

5 446

5,401

5 964

6, 228

5, 944

5, 769

6,074

6,057

5,427

5,322

r

6, 170

3, 238
169
853
1,004

3, 824
208
777
1,076

3, 680
232
762
1,157

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
927
727
988

3,407
215
759
941

' 3, 458 3. 685
r
207
7^5
'761
1,547
• 1, 184

+537 +1 434 +1 2?0

+569

+489

+124

+964 4-1,027 +1,510

+884 +2,317 +1,888 +1, 983

—949 — 1,135 -1,022 -1,253
-164
-144
-156
-142

-900 -1,079 -1,012 -1,281
-155 r -162
-154
-173

+1 138
Private
Government

1

r

5 263

Military transfers under grants not
do
Merchandise, adjusted, excluding military transactions'!
mil $
Income on investments abroad
do
Other services and military transactions
do

.27
.16
. 49
1.59
3.24

.25

'.16
r

r

10.58
4. 86

do
do

IVIining
do
Railroads
do
Transportation other than rail
do
Public utilities
do
Oonunercial and other
ilo
BUSINESS POPULATION
Firms in operation, end of quarter (seasonally adjusted)
thous

r

—1 155 —1 100 —1 064 -1 157 — 1,128 — 1 186
j r;-)
-140
144
-135
-135
-158
— 1. 046
—956
—905 —1,005
—1,020

-954
-711
-274
-243

-682 -1,241
-594
-964
-343
-424
—88

-893
-726
-372
-167

-494 -1,032
-412
-738
-442
-287
-82
-294

-607
-387
-224
-220

-595
-838
-419
+?43

-875 -1,110 -1,075 -1,905 -1,400
-651
-980
-924 -1,557
-724
-464
-733
-303
-331
-327
— 224
-151
-348
-420
-386

5, 610

"• -513
' -926
r
-380
r
+413

807

1, 266

-155
-1.0.1Q

-5SS
—350
-431

+198
+ 187 r+536
+548
+887
+571
+635
+ 554
+858 +1,042 +1,273
+771
4-930
+607
+307
+72
+921
+346 r -330
+50
+94
+397
+637
+269
+95
+167
+183
+347
+426
+569
Gold sales [purchases ( — )1
do
-9
+220
+49
-452
-128
-395
+290
8 +146
-117
+132
+100
-162
+95
— 71
Errors and omissions
-do
(based on incomplete data) is 4,717,000.
f Revised.
§Personal saving is excess of disposable income over personal consumption expenditures
1 Estimates for Oct.-Dec. 1961 based on anticipated capital expenditures of business;
shown as a component of gross national product on p. S-l.
estimates for Jan-Mar. 1962 based on anticipated capital expenditures of business, anticipated
^Adjusted for balance-of-payments purposes, mainly for valuation, coverage, and timing,
expenditures for the year 1961, and comparative data for 1959-60 appear on p. 6 of this issue
cf Excludes military expenditures.
of the SURVEY.
2 Unadjusted, Data represent firms in operation as of Jan. 1; estimate for Jan. 1, 1961




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