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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

1959

| 1960

1961

1959
I.

Annual total

II

1960
III

IV

I

|

II

1961
IV

III

I

1962
III

II

I

IV

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
National income, total

_.

Wages and salaries, total
Private
_ __ __ _
A 1 ili tar y
Government civilian _

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

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

258.5
213.2
9 9
35.4

271 3
223. 0
9 9
38.5

°7Q 7
227.8
10 4
41.5

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
230
10
4]

7
7
2
9

288 7
234 7
11 1
42.8

do

_.

Supplements to wages and salaries

399. 6

do
do
do
do

_

hil. $
do

Compensation of employees, total

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
36
12
11

50 8
37.2
13 6
11.5

Proprietors' income, totaled 1
do
Business and professional^
do
Farm
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment, total
bil. $

4
6
8
5

Gross national product, total

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

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
-.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

47
23
23
—

2
3
8
2

—.3

do

Net interest

46.4

do .
do
do
do

Corporate profits before tax, total
Corporate profits tax liability
Corporate profits after tax
Inventory valuation adjustment

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

9Q 7

do

482.8

504.4

521.3

472.2

488. 5

482.3

488. 3

501.5

506. 4

505. 1

504.5

500.8

516.1

525.8

542. 2

Personal consumption expenditures, total do

314. 0

328.9

339. 0

305. 8

313.6

316. 5

320.0

323.8

329.9

329.7

332. 3

330. 7

336.1

341.0

348.4

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

43.5
18.1
18.9

44.3
18.6
18.8

42.3
16.8
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
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

45 5
19 3
19. 1

147. 3
27.4
78.0
11 0

152.4
28 1
80. 1
11 6

1 55. 5
28 4
81.8
11 8

144. 9
26 5
10 7

147.3
27 8
78.1
]0 9

147. 7
27 6
77 8
11 i

149.3
27 8
78.7
11 1

150
28
78
11

123.2
18.1
39.9
10.0

132 2
19. 6
42.2
10.5

141 2
21.0
44.5
10.8

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

Nondurable goods, total ©
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil
Services, total © __
Household operation
Housing
Transportation

do
do
do
do

.

Gross private domestic in vestment, total

do
do
do_ ._
do

5
1
9
4

153
28
80
11

3
3
6
6

131 2
19 5
41.9
10 5

7
3
9
6

153 1
27 7
80 8
11 8

153
27
81
11

7
9
1
7

154
27
81
11

1
6
4
7

1 56
28
81
11

?
6
9
8

158
29
82
11

1
5
7
8

133 6
19 7
42.7
10 5

135 4
20 0
43. 1
10 5

137
20
43
10

5
6
6
5

139
20
44
10

9
9
2
7

142
21
44
10

4
2
8
9

144
21
45
11

9
6
5
0

152
28
79
11

do

72.4

72.4

69. 6

70.4

79. 1

68. 2

71.8

78.9

74. 6

70.5

65. 6

59.8

68.8

73.2

76. (i

do
-_do
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 Q
26.6
5 6

40 Q
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
o g

42 7
26 0
4 5

43 3
28 ()
5 '-{

do
do
do

— .7
23 1
23 8

3.0
26 7
23 6

4.0
27 4
23 4

—.6
22 1
22 7

— 1.7
22 3
24 0

5
24 0
24 5

0
24 1
°4 0

18
95 6
23 9

2 3
26 7
24 4

30
26 8
23 8

51
27 6
22 4

5 3
97 Q
22 3

39
26 4
2i? 5

2 6
97 o
24 3

4 o
°M 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

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

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

r
>S7 0
266. 3
99. 6
166. 7
210 0
60 7

Inventory change, total
do
6 3
4 2
2 2
7 1
1
Durable goods output
.
do
36
2 5
5 4
Nondurable goods output
do
2.6
1.8
2.0
1.7
r
Revised.
c? Includes inventory valuation adjustment.
©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.

11 7
88

7
—2 0

2.7

56
2 4
3.2

10 9
9 4
1.5

54
39

2 4
4
2.0

19
38
2.0

4 0
5 8
1.8

2 8

2.9

4 5
35
LO

S 1

New construction
Producers' durable equipment
Change in business inventories
Net exports of goods and services.
Exports
_
_
Imports

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

do
....do
do
do
___.
do
do

1.5

o

3.' 2

'~>3 9

r. o

2.2

S-l
629450°—62-




SURVEY OF CURRENT BUSINESS

S-2
1959

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

1959

1961

1960

I

Annual total

II

March 10<e
1961

1960
III

I

IV

11

III

II

I

IV

1962

i

III

IV

I

GENERAL BUSINESS INDICATORS— Quarterly Series— Continued
!

NATIONAL INCOME AND PRODUCT- Con.

i

Quarterly Data Seasonally Adjusted at Annual Rates
GNP in constant (1954) dollars
Gross national product, total... ,.
_bil,$

428.4

440.8

448.8

en

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. 0

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
1 40. 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 construct Ion
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
2l.fi
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

I^ot exports of good15 and service^

do

-2.1

1.7

2.0

-2.2

3 *>

-1.9

Q

.6

1.0

1.6

3.5

3.3

1.9

"

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

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. 3

n?:i

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

Gross private domestic Investment, total. ..do

Government purchases of Broods and services, total
Federal
State and local

bil. $..
do
do

DISPOSITION OF PERSONAL INCOME
Quarterly Data Seasonally Adjusted ni Annual Rates
Personal income total
bil $
Less: Personal tax and nontax payments
do
Equals: Disposable personal income. . _
do
Personal saving §
do.. .
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals or averages:
4.11 industries
bil $

8.14

8.92

' 8. 59

6.91

8.32

8.32

8.99

7.89

9.28

8.98

9. 53

7. 57

8.61

8. 65

<• 9. 54

i '• 8. 14

Manufacturing
Durable goods industries
Nondurable goods industries.

do
do
do

3.02
1.44
1.57

3.62
1.80
1.82

'3.42
1.57
'•1.85

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

3. 34
1. 50
1 . 84

' 3. 88
1.79
r
2. 09

'3.18

Alining
Railroad^
Transportation, othf r than rail
Public utilities
Commercial and other

do
do
do
do
do

°5
.23
.51
1.42
2.72

25
.26
.48
1.42
2.89

21
.16
.41
1.20
2.47

94
. 26
. 53
1.47
2. 79

26
.28
.54
1.48
2.74

. 55
1.51
2.87

9
2
.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

.25
.16
.47
1. 50
2.94

r . 04
' .26
r
.19
.16
r
'.41
.50
f
' 1.54
1. 07
' 3. 20 ' 3. 05

Seas. adj. qtrly. totals at annual rates:
\11 industries

do

30. 62

32. 51

33. 35

33. 58

35.15

36. 30

35. 90

35. 50

33.85

33.50

34. 70

Aitiiiufacturing
Dura! >le goods industries ...
Nondurable goods industries.

do
lo
lo

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
6.10
7.55

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
. 65
1.90
5. 65
11.85

r 12.35

4, 740

4, 755

4,770

4. 780

Afinin^'
lo
Railroads
lo
<
Transportation, other than rail
lo
Public utilities
lo
Commercial and other
lo
BUSINESS POPULATION
Firms in operation, end of quarter (seasonally adjusted)
thous

r

24
.17
.46
' 1. 38
' 2. 92

--

2

2

9

7

4, 660

2 4,717

4,615

4,635

4, 655

4,670

4, 690

4, 710

4,725

4, 730

29, 743

31,412

32, 000

7, 034

7, 474

7. 565

7, 670

7, 567

7,690

7,941

8,214

r

15.294
do
...do. .. 3.109
5,134
do
791
do
3. 040
do

14,722
3,048
5,557
848
3,381

14. 524
2, 956
5, 599
870
4, 100

3. 601
780
1,222
184
793

3. 861
789
1,272
187
741

3, 974
/86
1,303
214
746

3, 858
754
1,337
206
760

3,785

3,674
798
1,402
207
775

3, 433

1,373
198
750

3, 830
7;>6
1, 438
213
843

1,344
230
1.013

' 3. 374 r 3 , 418
<01
' 1. 360 r 1, 360
r 219
'212
r
1. 000
825

2,375
1,372
926
77

3, 856
1, 694
850
1,312

3, 951
1, 601
967
1,383

454
337
206
-89

624
347
280
-3

542
326
205
11

755
362
235
158

694
344
194
156

610
260
267
83

1, 085
406
145
534

1,467
684
244
539

95 479

28, 131

30, 162

6, 109

6, 137

6,495

6,731

6,914

7,069

7,041

7, 107

r

16,282
7, 427
1,054
709

19, 409
7, 891
631
200

19, 916
8, 400
1 , 269
577

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
168
181

4,837
1.991
148
93

4, 927
1,927
170
17

4, 995
2,058
145
-91

-939

-653

-621

-900

U.S. BALANCE OF I N T E R N A T I O N A L
PAY MENTS f
Quarterly Data are Seasonally Adjusted
U.S. pavments, recorded ».
_mil. $.
Imports:
Merchandise.-.
Military expenditures
Other Services
Remittances and pensions
Govt °rant^ and capital outflows
U.S. private capital
Direct investments
Long-term portfolio
Short-term

Exports:
Alerchandi^e
Services and military sa les
Repayments on U 8 Govt loans
Foreign capital other than liquid funds

.. do
do
do
do

do
do
do
do

4, 583

4 271 -3, 281 -1,838

Unrecorded transactions

do

1

528
-3. 743 1

A'laior special transactions

do

335

-648

616

g 929 -2, 454

-524

129

-925
84

-841
150

-1,337 -1,070
276

-1,061
-100
-961

-991
-4,078 i -3. 405 -2, 583
Total, excluding special transactions
do
f
Revised,
i Estimates for Jan .-Mar. 1962 based on anticipated capital expenditures of business.
Estimates for Apr.-Jmie 1962 based on anticipated capital expenditures of business, anticipated expenditures for the year 1962, ami comparative data for 1960-61 appear on p. 7 of this
issue of the SURVEY.




-103
1 173

271

-668
285

33

-620

142

-763
—80

212

-1,112

-1, 107

r

7, 384

1 . 54

r 35. 40 i '36. 10
14. 00 ' 14, 40
' 6. 40 r 7. 00
' 7. 60 '7.45

1.00
. 60
' 1. 95
r 5. 55

' 1. 10
' . 80
' 1. 75
' 5. 25
' 12. 75

' 7. 958 8.914
r

3. 843

r

1, 419
'218
1,018

3. 889
731
1.460
221
1. 257

"755
'470
' 147
••138

1,356
323
4ii
556

' 7, 072

7, 631

r
5. 053 r 4, 765
' 2. 072 r 2, 115
130
••850
275
199

f
r

5. 151
2,175
209
96

r

'-886 -1,283

r 12

'527
7. 454

r

8, 005

r

1 434 r

-290

'621

r -54

<• -465

344

r

'SOI
'308
'331
' 162

1. 039
500

-327

444

7. 744

r

' 1. 64

4. 947
2, 038
80
r
7

<-109

— 206

' 156 r -777 -1,489
724

-75

-520

-969
-620 ! -683 ! -1,112 I -990 r -344 ' -568 ' -702
-1,173
2
Unadjusted. Data represent firms in operation as of Jan. 1.
§ Personal saving is excess of disposable income over personal consumption expenditures
shown as a component of gross national product on p. S-l.
INote change in presentation; unadjusted data, as well as adjusted data for earlier periods,
appear in the March, June, September, and December issues of the SURVEY (front section).
-953

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