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SURVEY OF CURRENT BUSINESS

February 1962

11

Gross National Product

1959

Line

1960

1961

IV

I

II

1961

1960

1961

1960

III

IV

1959

1960

1961
IV

I

II

III

IV

Seasonally adjusted at annual rates

1
2
3
4
5
6
7
8
9
10
11
12
13
14
1.5
16
17
IS
19
20
22

Gross national product

_

Gross private domestic investment

_

New construction

328.9

1

3
4
6

10
11
12
13
14
15
16
17
18
19

332.3

500.8

330. 7

120.5

128.8

129.9

142.2

348.4

339.0

89.4

79.0

83.2

83.3

93.6

45.5
158.1
144.9

43.5
147.3
123.2

44.3
152.4
132.2

42.3
155. 5
141.2

12.6
43.3
33.5

8.9
35.4
34.8

10.6
37.6
35.0

9.8
37.9
35.6

13.1
44.7
35.9

72.4

69.6

16.5

-14.8

17.6

18.5

18.7

40.7

41.7

10.5

8.5

10.7

11.5

11.0

21.1
19.6

21.2
20.5

5.2
5.2

3.9
4.6

5.6
5.1

6.0
5.5

5.7
5.3

76.6

72.4

43.3

40.2

42.0
154.1
139.9

72.4

72.4

69.6

65.6

59.8

68.8

73.2

39.6

521.3

328.9

336.1

39.4
153.7
137.5

40.7

504.4

341.0

43.8
153. 1
135.4

41.7

482.8
314.0

525.8

42.3
155.5
141.2

40.7

542.2

516.1

41.3

42.7

133.0

22.3
17.9

Net exports of goods and services- _ .

21.2
20.5

20.5
20.2

19.3
20.4

20.6
20.7

22.1
20.6

23.0
20.3

27.5
4.2

25.7
2.2

26.7
-1.9

24.2
-4.0

24.7
2.8

26.0
4.5

28.0
5.3

25.9
6.3

27.5
4.2

25.7
2.2

7.1
-1.1

5.5
.8

6.6
.3

6.1
.9

7.5
.2

6.2
.1

__ _

21.1
19.6

22.3
17.9

25.9
6.3

Producers' durable equipment ..
Change in business inventories

4.0
.3

1.8
.3

-2.2
.3

-4.3
.3

2.4
.4

4.1
.4

5.1
.2

6.2
.1

4.0
.3

1.8
.3

-1.2
.1

.8
.1

.2
.1

.8
.1

.1
.1

4.0

5.1

5.3

3.9

2.6

4.0

-.7

3.0

4.0

1.6

1.3

1.0

.3

1.3

26.7
23.6

27.4
23.4

27.6
22.4

27.6
22.3

26.4
22.5

27.0
24.3

28.5
24.5

23.1
23.8

26.7
23.6

27.4
23.4

7.1
5.5

6.7
5.4

6.8
5.7

6.5
6.2

7.4
6.1

97.1

100.1

108.7

101.6

105.0

107. 3

109.0

113.2

97.1

100.1

108.7

25.6

25.4

27.1

27.8

28.6

53.5

52.9

57.3

53.0

54.7

56.6

57.4

60.0

53.5

52.9

57.3

13.2

13.6

14.3

14.6

15.0

46.2
7.8
.5

45.5
8.0
.6

49.2
8.6
.6

45.7
7.9
.6

47.2
8.0
.5

48.8
8.3
.5

49.0
8.9
.6

51.7
9.0
.7

46.2
7.8
.5

45.5
8.0
.6

49.2
8.6
.6

11.3
2.0
.1

11.8
2.0
.1

12.3
2.1
.1

12.2
2.6
.1

12.8
2.3
.2

43.6

47.2

51.4

48.6

50.3

50.6

51.6

53.2

43.6

47.2

51.4

12.4

11.8

12.8

13.2

13.6

— . 7.

Government purchases of goods and
services
_ __ _

National defense
Other
Less: Government salesState and local

3.0

23.1
23. 8

Exports
Imports

_. , _.

Gross national product

428.4

Producers' durable equipment
Change in business inventories
Nonfarm
Farm
Net exports of goods and services

445.5

451.8

464.6

112.7

114.4

116.2

115.1

115.6

115.8

116.4

116.7

297.0

301.6

305.0

310.8

108.6

110.3

111.7

110.9

111.3

111.4

111.8

112.1

41.8
141.8
114.7

40.1
143.6
119.9

41.6
141.3
116.6

37.6
141.6
117.8

39.8
142.6
119.2

39.9
144.5
120.6

43.1
145.9
121.9

106.3
106.1
112.5

106.1
107.5
115.2

105.5
108.3
117.8

105.2
108.3
116.1

104.9
108.5
116.8

105.7
108.1
117.4

105.9
108.2
118.1

105.6
108.3
118.9

60.6

57.7

54.9

49.6

57.3

60.4

63.5

34.3

33.9

34.4

33.9

32.9

34.1

35.1

35.6

117.4

119.8

121.1

120.0

120.3

121.0

121.7

121.5

18.0
16.0

18.1
16.4

17.5
16.4

16.5
16.4

17.6
16.6

18.7
16.4

19.5
16.2

114.9
120.7

117.1
122.8

117.5
125.2

116.9
123.4

116.6
124.1

117.2
125. 0

118.0
125.9

117.9
125.8

22.7
4.0

21.2
2.1

22.1
-1.1

19.9
-3.2

20.3
2.9

21.4
3.9

23.1
4.7

121.5

121.5

121.4

120.8

121.6

121.5

121.5

121.0

5.6
-.0

Residential nonfarm _
Other

433.2

299.6

21.3
5.5

. ._ _

438.4

303.6

61.1

Gross private domestic investment

448.8

298.3

41.0
138.8
109.5

_-

440.8

19.4
14.8

Durable goods __
Nondurable goods
Services

Exports
Imports

Implicit price deflators for seasonally adjusted GNP, 1954=100

GNP in billions of 1954 dollars

289.3

Personal consumption expenditures _

New construction..
8
9

339.0

504.5

44.3
152.4
132.2

TABLE 5.— GROSS NATIONAL PRODUCT
IN CONSTANT DOLLARS, AND IMPLICIT PRICE DEFLATORS (1-5, VII-3)

2

521.3

42.3
156.2
142.4

40.2

Residential nonfarm
Other _

Federal

504.4

43,5
147.3
123.2

_ _

Nonfarm
Farm

482.8
314.0

Personal consumption expenditures

Durable goods
Nondurable goods
Services

Billions of dollars, unadjusted for seasonal variation

Billions of dollars

TABLE 4.— GROSS NATIONAL PRODUCT
(1-3, 1-4)

3.8
.2

1.7
.3

-1.3
.2

-3.5
.3

2.4
.4

3.5
.4

4.5
.2

103.9
98.1

105.2
100.0

107.3
99.4

105.6
99.4

107.1
99.5

107.8
99.5

107.1
99.3

107.0
99.3

1.7

2.0

3.5

3.3

1.9

.6

2.0

22.2
24.3

55.3
23.6

25.5
23.5

26.1
22.6

25.7
22.4

24.5
22.6

25.2
24.5

26.7
24.7

80.1

80.2

85.5

80.3

83.3

84.7

85.7

88.3

121.3

124.8

127.1

126.5

126.1

126.6

127.1

128.2

43.9
36.2

42.3
38.0

44.9
40.6

41.6
38.7

43.1
40.2

44.7
40.0

45.0
40.8

46.8
41.4

122.0
120.3

125.2
124.2

127.5
126.7

127.4
125.6

127.0
125.1

126.8
126.4

127. 6
126.6

128.1
128.4

-2.1

_

Government purchases of goods and services _ _
.
Federal
State and local

TABLE 6.- GROSS NATIONAL PRODUCT
BY MAJOR TYPE OF PRODUCT (1-6, 1-7)

Billions of 1954 dollars, seasonally adjusted at annual rates

Billions of dollars seasonally adjusted at annual rates

1

Gross national product

482.8

504.4

521.3

504.5

500.8

516.1

525.8

542.2

428.4

440.8

448.8

438.4

433.2

445.5

451.8

464.6

2
3

Final sales
Inventory change..

476 5
6.3

500.2
4.2

519.1
2.2

506.4
-1.9

504.8
-4.0

513.2
2.8

521. 3
4.5

537.0
5.3

422.9
5.5

436.8
4.0

446. 7
2.1

439.5
-1.1

436.5
-3.2

442.6
2.9

447.9
3.9

549.9
4.7

250.3
244. 0
6.3
94.9
91.3
3.6
155.4
152. 8
2.6
176.2
56.2

258.5
254.3
4.2
96.7
94.3
2.5
161.8
160. 0
1.8
189.3
56.6

259. 0
256.8
2.2
92.8
92.7
.1
166.1
164.1
2.0
203. 6
58.8

252.8
254.6
-1.9
89.5
93.4
-3.8
163.2
161. 3
2.0
194. 6
57.2

245.7
249.7
-4.0
81.6
87.4
-5.8
164.1
162. 3
1.8
197.9
57.2

257.1
254.3
2.8
90.9
91.2

261.4
256. 9
4.5
96.1
92.6
3.5
165.3
164.3
1.0
205.1
59.2

271.6
266.3
5.3
102.6
99.6
3.1
168.9
166.7
2.2
210.0
60.7

228.6
223.1
5.5
82.9
79.8
3.1
145.7
143.3
2.4
151.7
48.1

234.6
230.6
4.0
84.7
82.4
2.3
150. 0
148.3
1.7
158.7
47.5

233.6
231.5
2.1
80.9
80.9
.1
152.7
150.7
2.0
166.2
48.9

228.9
230.0
-1.1
79.0
82.0
-3.0
149.8
148.0
1.9
161.6
47.9

221.9
225.2
-3.3
71.4
76.5
-5. 1
150.5
148.7
1.8
163.2
48.0

232.5
229.7
2.9
79.4
79.6
o

235. 4
231.6
3.9
83.5
80.5
3.0
151. 9
151. 0
.9
167.1
49.2

244.6
239. 8
4.7
89.4
86.8
2.6
155. 2
153.1
2.1
169.8
50.3

4
5
6
7
8
9
10
11
12
13
14

..

Goods output ._
Final sales
Inventory change
-_
Durable goods output
.
Final sales
Inventory change. _. ._ ., ..
Nondurable goods output . Final sales
Inventory change
Services
Construction
.. .._




o

166.2
163.0
3.2
201.1
57.9

153.2
150.0
3.1
164.7
48.3

BUSINESS STATISTICS

urrent

I HE STATISTICS here update series published in the 1961 edition of BUSINESS STATISTICS, biennial Statistical Supplement to the SURVEY
OF Ci;RRE?s 7 T 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 (t), 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

1959

| 1960 | 1961

1959
I

Annual total

II

1960
III

IV

I

II

1961
III

IV

I

j

II

1962
III

IV

Seasonally adjusted quarterly totals at annual rates

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

399 6

417 1

430 2

390 7

405 2

399 4

402 8

413 5

419 2

419 0

416 5

412 2

426 0

434 3

__do _

278.4

293.7

302.9

270.6

280. 0

280. 5

282.4

290.2

294. 6

296. 0

294. 0

292. 6

300. 2

306.2

312.7

Wages and salaries, total
Private
Military
Government civilian

do
do
do
do

258.5
213 2
9 9
35 4

271.3
223 0
9.9
38 5

279
227
10
41

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

277.3
226. 0
10. 1
41.2

282.7
230 7
10.2
41 9

288.7
234.7
11.1
42. H

Supplements to wages and salaries

do

20.0

22.4

23.2

19.2

19.9

20. 2

20.5

21.9

22. 2

22. 7

22.7

22 5

22.9

23.4

24.1

46.3
35 0
11.3
11 9

48.2
36 2
12. 0
11 7

49. 6
36 5
13. 1
11 5

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 2
36. 3
12.9
11.5

49.4
36 6
12.8
11 5

50.8
37,2
13. 6
11.5

National income total
Compensation of employees, total.

Proprietors' income, totalcf
do
Business and professionald"
do
Farm _ __
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment, total
_
bil. $

7
8
4
5

46.4

45.1

46.2

45.3

50. 2

44.4

45. 5

47.4

45.9

44. 1

42. 9

40. 0

45.5

47.0

do
do
(o
do

46 8
23. 1
23. 7
— 5

45 0
22.3
22 7
.0

46 1
22.8
23.3
.1

46 1
22 8
23.4

44. 8
22. 1
22 7
— .4

44. 9
22. 1
22.7

48. 1
23. 9

_ 0

51. 5
25.4
26. 1
— 1.3

— 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
o

do

16. 6

18.4

20.0

16. 2

16.4

16.7

17.0

17.8

18. 3

18. 6

18.9

19.2

19. 6

20 2

20.7

do

482. S

504. 4

521.3

472 9

488. 5

482. 3

488. 3

501.5

500. 4

505. 1

504. 5

500. 8

516. 1

525 8

542. 2

Personal consumption expenditures, total do

Corporate profits before tax total
Corporate profits tax liability
Corporate profits after tax
Inventory valuation adjustment
Net interest

_. _ __

Gross national product, total

—.3

314. 0

328. 9

339, 0

305. 8

313. 6

316.5

320. 0

323. 8

329.9

329.7

332. 3

330. 7

336. )

341 0

348. 4

Disable goods total 0
\utoniobiles and parts
Furniture and household equipment

do
< o
do

43 5
1« i
18 9

44 3
18 6
18.8

42 3
1C) 8
18.6

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

45 3
10 3
19.0

43 4
17 8
18.7

43 8

39 4
14 8
17.8

49 0
16 7
18. 3

49 3
16 4
18 8

45 5
19 3
19. 1

Nondurable goods total ®
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil

do
do
do
do

147 3
27.4
78.0
13.0

152 4
28. 1
80. 1
11.0

155 5
28. 4
81.8
11.8

144 9
20 5
77.4
10 7

147 3
27.8
78.1
1 0. 9

147 7
27. 6
77.8
11. 1

149 3
27. 8
78.7
11. 1

150 5
28. 1

153 3
28. 3
80 6
11.0

152 7
2S. 3
79. 9
11 6

153 1
80. 8
11 8

153 7
07 9
81. 1
11 7

154 1
27. 0
81.4
11 7

156
9
8
81
11

?
6
9
8

158 1
29 5
82. 7
11 8

Services, total ©
. .
Household operation
Housing
Transportation
_

(o
do
< o
do

123. 2
18 1
39.9
10.0

132.2
19.6
42.2
10.5

141
21
44
10

Ii9. 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

131.2
lc> 5
41.9
10.5

133. 6
19 7
41>. 7
10. 5

135.4
'-"O 0
43. 1
10. 5

137. 5
'/O 6
43. 6
10.5

139.9
20 9
4 1. 2
10.7

142 4
21 l>
44 (8
10 )

144 9
21 6
45. 5
11.0

_ _

2
0
5
X

l^ s
19. 1

78. i:

11 4

19 :>
41. 1
10. 4

18 6
18. 3

Gross private domestic in vestment, total - do. _

72.4

72.4

69.0

70.4

79.1

68. 2

71.8

78.9

74. 6

70. 5

05 6

59.8

68. 8

73 2

76.6

New construction .
do
Producers' durable equipment- __ .. .. do_ _
Change in business inventories .. - do

40.2
25.9
6.3

40.7
27.5
4.2

41 7
25.7
2 2

39. 0
24.3
7.1

41.2
26. 3
11.7

41.0
26. 6
.7

39. 6
2(5 6
5.6

40. P
27 1
10.9

40. 7
28.6
5.4

40.4
27 7
2.4

40.7
26.7

39. 6
24.2
-4.0

41.3
24.7
2.8

42 7
26 0
4 5

43 3
28.0
5.3

— .7
23 1
23.8

3.0
26 7
23.6

4 0
27 4
23 4

— .6
22 1
22.7

— 1.7
2? 3
24.0

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

51
27 6
22 4

5 3
27 6
22.3

39
26 4
22.5

26
27 0
24 3

4 0
28 5
24 5

97.1
53.5
46.2
43 6

100.1
52.9
45.5
47 2

108.7
57.3
49.2
51 4

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. 0
54.7
47.2
50 3

107. 3
56. 6
48.8
50 6

109
57
49
51

0
4
0
6

113 2
60. 0
51 7
53 2

476 5
244. 0
91 3
152.8
176 2
56.3

500 2
254. 3
94.3
160. 0
189.3
56.6

519 1
256. 8
92 7
164. 1
203 6
58.8

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

5Q9 7

254.8
94 2
160. 6
191 2
56.7

506
254.
93
161
194
57

4
6
4
3
6
2

504 8
249.7
87 4
1 62. 3
197 9
57 2

513 2
254.3
91 2
163.0
201 1
57 9

521
256
92
164
205
59

3
9
6
3
1
2

537 0
266' 3
99 6
166 7
210 0
60 7

6.3
36
2.6

4.2
2 5
1.8

2.2
1
2.0

7.1
5 4
1.7

11.7
88
2.9

—2 0
2.7

5 6
2 4
3.2

10.9
9 4
1.5

54
39
1.5

2 4
4
2.0

—1 9
—3 8
2.0

—4 0
—5 8
1.8

3.2

4 5
35
LO

5 3
31
2.2

Net exports of goods and services
Exports
Imports
_

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 ...
...
Inventory change, total _ _
Durable goods output
Nondurable goods output

do
do_ _.
do
do_ __
do
_. do
do
do
do

-1.9

2 8
Q

T

Revised.
d" Includes inventory valuation adjustment.
0 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.




s-i

I

SURVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1959

1961

1960

1959
I

Annual total

II

February 1062
1961

1960
III

I

IV

11

III

IV

I

II

1962
IV

III

I

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. $

428.4

440.8

448.8

422.1

434. 4

426. 6

430.7

441.0

443.4

440.2

438.4

433.2

445.5

451. 8

464. 6

Personal consumption expenditures, total ..do

289. 3

298.3

303.6

283.8

289.7

290.8

292.8

295.4

299.5

298.6

299. 6

297.0

301.6

305. 0

310.8

41.0
138.8
109 5

41.8
141.8
114.7

40.1
143.6
119.9

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

43.1
145.9
121.9

Durable goods
Nondurable goods
Services

_ _.

do
_do___
do

61.1

60.6

57.7

59.9

66.9

57. 3

60.4

66.6

62.3

58. 6

54. 9

49.6

57.3

60.4

63. 5

New construction
Producers' durable equipment
Change in business inventories

do
do
do

34.3
21.3
5.5

33.9
22.7
4.0

34.4
21.2
2.1

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
2.9

35.1
21.4
3.9

35.6
23.1
4.7

Net exports of goods and services

do

-2.1

1.7

2.0

9 2

-3.2

-1.9

-.9

.6

1.0

1.6

3.5

3.3

1.9

.6

2.0

80.1
43. 9
36.2

80.2
42.3
38. 0

85. 5
44.9
40. 6

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

88.3
46. 8
41.4

383. 3
46.0
337. 3

402. 2
50.4
351.8

416. 7
51.8
364. 9

374.7
44.9
329. 8

384. 6
46.1
338. 4

385. 1
46.4
338. 7

38<v 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. 3

413.2
51.4
361.8

420.3
52. 5
367.7

428. 6
53.1
375.6

23 4

22 9

25.8

23.9

24.8

22. 3

22.3

21.8

22.8

24.6

22.7

23.7

25.8

26.8

27. 1

Gross private domestic investment, total. ..do

Government purchases of eoods 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
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals or averages:
All industries
bil. $..

8.14

8.92

2 8. 62

6. 91

8.32

8.32

8. 99

7.89

9.28

8.98

9.53

8.61

8.65

i 9.67

-98.11

Manufacturing
Durable goods industries
Nondurable goods industries

do ...
do
do

3.02
1.44
1.57

3.62
l.SO
3 . 82

3.43
1.57
1. 86

2.46
1.14
1.31

3. 02
1-45

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

3.34
1.50
1.84

3.92
1.79
2.13

3. 17
1.45
1.72

Mining
Railroads
Transportation, other than rail
Public utilities

do
do
do
do

. 25
.23
.51
1.42
2. 72

.25
.26
.48
1.42
2.89

25
. 17
.46
1.39
2.93

.21
io
.41 |
1.20 i
2.47 |

.24
.26
. 26
.28
.53
.54
1.47
1.48
2. 79 I 2.74

27
.22
.55
1.51
2.87

2'^
.25
.47
1.18
2.69

.27
.29
.55
1.42
2. 99

!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

.25
.16
.47
1. 50 |
2.94

. 16
.49
1. 59
3. 24

22
.17
.40
1. 10
3.04

Seas. adj. qtrly. totals at annual rates:
All industries

do

30.62

32.51 | 33.35

33. 58

35.15

36.30

35. 90

35. 50

33. 85

33.50

34. 70

do
do

11.20
5.26
5 ( >4 1

11.80 i 12.25
5.74 i 5.83
6 06
6 49

12.87
6. 1 6

14.10
7.15
6 95

14. 70
7.40
7 30

14.65
14.40
7.35 ! 6.85
7.30

13.75
6. 50
7. 25

13. 50
6.20
7.30

13. 65
6. 10 i
7. 55

14. 00
6.35
7. 65

14. 55
6. 70
7.85

.95
.63
1.71
5 80
10 33

.94
1.00 :
2.08
5 8'> ;
10. 87

1.01
1.04
1.28 !
.85
2.17
2.15
5 5X
5 4S
1 1 . 06 11.19

1 . 00
1 . 00
2. 00

1 . 05
1.10
2.15

11.35

1L60

1.00 i
1 . 00 i
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
.65
1.90
5. 65
11. 85

1.00
. 60
1.90
5. 70
12.65

1.00
. 70
1.80
5. 50
12. 90

4.635

4,655

4.670

4, 690

4. 710

4, 725

4, 730

4, 740

4,755

4, 770

4, 780

Manufacturing
Durable goods industries

Mining
do
|- Railroads
do
i _ __
Transportation other than rail
do
'
Public utilities'
do
!
Commercial and other
do
BUSINESS POPULATION
Firms in operation, end of quarter (seasonally ad- :!
justed)
_ _ _
-thous - 4, 583
U.S. BALANCE OF INTERNATIONAL
PAYMENTS^
Quarterly Data are Seasonally Adjusted
I S payments recorded
mil $

3

4, 660

34,717

i
!
'
;

4,615

<\

71

!

29, 743

31,412

7. 034 ;

7. 474

7, 565

7. 670

7, 567

7, 690

7,941 1

8.214

7. 768

15.294
3, 109
5 134
791
3. 040

14,722
3, 048
5 557
848
3.381

3, 974
786
1,303
214
746

3. 858
7o4
1.337
206
760

3, 785 !

3, 830
/o6
1,438
213
843

3,674
/ 98
1.402
207
775

3. 433

3, 394

1,373
198
750

1,344
230
1.013

1,366
210
1 , 000

3, 400
761
1 361
221
822

do
do
do
do

2. 375
1,372
926
77

3, 856
1,694
850
1.312

3, 601 1 3. 861
789
780
1 222
1,272
184
187
741
793 |
i
454
624
347
337
206
280
-89
-3

542
326
205
11

755
362
158

694
344
194
156

610
260
267
83

1, 085
406
145
534

1.467
684
244
539

1.039
500
-20
559

do

25, 472

28, 131

6,109

6, 137

6. 495

6.731

6.914

7,069

7,041

7.107

7.447

765
330
320
115 1
7, 987

Exports:
M erchandise
Services and military sales
Repayments on U.S. Govt. loans
Foreign capital other than liquid funds

do
do
do
do

16,282 19,409
7. 427
7. 891
1,054
631
200
709 1

3. 866
1,819
307
117

3, 924
1,793
158
262

4. 299
1.856
159
181

4. 193
1,959
430
149

4. 650
1.915 1
168
181

4,837
1,991
148
93

4, 927
1.927
170
17

4, 995
2. 058
145
-91

5, 054
2. 062
132
199

4,763
2, 119
830
275

do

-4,271 -3, 281

-925

-939

-653

-621

-900

-1.107

-321

657

-984

271

33

-142

-212

36. 50

4. 945
2. 020
80

K \cess of recorded receipts or payments ( — )

2

7,330 ! 8, 033

do
do
do

i 35. 90

[in ports:
Merchandise _

_

_ _

Ot'ier Service^
Remittances and pensions
(}{)\t. grants and capital outflows

.

_

I" 8 private capital
Direct investments
Long-term portfolio
Short term
U.S. receipts, recorded

Unrecorded transactions
Total net receipts (-f~) or payments ( — )
Minor special transactions

_do___

-do
do
do

528

-648

—3 743 !— 3 929
335

-524

84

-1,337 -1.070
276

-103 j

-841 -1.061 -1.173
150

100

-668
9R5

1

-25

-763 -1,112 -1.434

-620

-327

-346

80

— 444

-409
248

3, 852
725
1, 451
211
1.014
780
113
138
229
7. 049

125

—859

724

-991
-961 -1.173 ! -953
-620 ! -683 -1,112 ! -990
-346
-784
-476
Total, excluding special transactions
do. _ _ -4, 078 -3, 405
3
r
Unadjusted. Data represent firms in operation as of Jan. 1.
Revised.
i Estimates for Oct.-Dec. 1961 based on anticipated capital expenditures of business.
§ Personal saving is excess of disposable income over personal consumption expenditures
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 expenditures for the year 1961, and comparative data for 1959-60 appear on p. 6
INote change in presentation; unadjusted data, as well as adjusted data for earlier periods,
the December 1961 SURVEY.
appear in the March, June, September, and December issues of the SURVEY (front section).
Digitized forofFRASER



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