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BUSINESS STATISTICS
JL 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 (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

1961

1959 | 1960

1959
I

Annual total

11

19 60
III

IV

I

II

1961
III

I

IV

II

1962
III

IV

I

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

X»4

402. 8

413.5

419.2

419.0

416.5

412.2

426.0

434 3

447 9

do

278. i

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

279.7
227.8
10.4
41.5

251. 4
206. 7
9.9
34.8

200. 1
215.0
9 9
35.3

200. 3
214.8
9.9
35.7

261. 9
216. 0
9.8
30.1

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
42.8

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
30. 2
12.0
11.7

49.6
30.5
13.1
11.5

46. 6
34.1
12.5
1 2. 0

46. 7
35.2
11.5
11.9

45.9
35. 3
10. 0
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
30.3
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

Vitional income, total

.

Compensation of employees, total

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

46 4

45. 1

40. 2

453

50.2

44.4

45.5

47.4

45. 9

44. 1

42 9

40.0

45.5

47 0

52 1

do
do
do
do

40 8
23 1
9
37
_ 5

45. 0
9
23
22 7

40. 1
22 8
23. 4

51.5
25 4
20. 1
—1 3

44.8
22 1
22.7
„4

44. 9
22 1

o

40. 1
22 8
23.3
.i

.7

48. 1
23.9
24.2
— 7

46.3
23 0
23. 3

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
—

52
26
26
—

do

10 0

18 4

20 0

10.2

10. 4

16.7

17.0

17.8

18 3

18.0

18.9

19.2

19 6

20 2

do

482 8

504 4

521. 3

472 °

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 0

316. 5

320. 0

323.8

329.9

329.7

332. 3

330. 7

336. 1

341 0

348. 4

Durable goods, total 0
Automobiles and parts.. ... ...
Furniture and household ecmipnient

do
do
do

43 5
18.1
18, 9

44.3
18. 0
18.8

42 3
16.8
18. 0

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

\ondurable goods, total 0
Clothing and shoes ._ __
Food and alcoholic beverages
Gasoline and oil
_

do
do
do
do

147.3
27. 4
78 0
11.0

152.4
28. 1
80. ]
11.0

155. 5
28.4
81.8
11.8

144.9
2(5. 5
77. 4
10.7

147.3
27.8
78. 1
10.9

147.7
07 p,
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
11.0

i-ai

153. 7
27.9
81. 1
11.7

154 1
27.6
81 4
11.7

156
28
81
11

2
6
9
8

158
29
82
11

1
5
7
8

do
do
do
do

1 93 9
18 1
39.9
10 0

132 9
19.6
42. 2
10 5

141 9
21 0
44.5
10 H

11° 4
17. 5
39. 3
9 5

1°1 °
17 8
39. 8
9 8

| i >4 4
]8 '?•
40. 1
10 °

I9 7 o
18. 9
40. 9
5
10

] 98 f i
19 2
41. 1
10 "4

131 °
19' 5
41.9
10 5

133 6
19 7

l°-7 5
43. 6
10 5

139 9
20 9
44.2
10 7

149
21
44
10

4
2
8
9

144
21
45
11

(

10 5

135 4
20. 0
43. 1
10 5

<io

72 4

72 t

OQ 0

70 1

79 1

<)S 2

71 S

78 9

74 f»

70.5

( "> (>

59 8

68 8

73.2

70 6

do
do
do

40 2
25 9
0 3

40 7

41 7
25 7

41 ">
2ti >

4' d
?<) t>
7

3<» (»
2i> d
5 t>

>7 i
10 9

JO 7
28 (>
5 4

10 4
2 1

4i' 7
2t» 7
—1 9

39 6
24 2
-1 0

11 3
24 7
2 S

42 7
2b 0
4 5

43 3
2S 0

d)
do
'o

3(> 0
24 *
7 1
„

_M 1

4 *

,1
)i 5

0
~i 1
2 f ')

1 S
>') (>
><*• 9

2u 7
2J 4

30
2,8
1M b

5 1
27.6
22.4

5.3
27 6
22 3

3.9
2> 1
22 5

27 0
24 3

')' 5

(S 1

%

h
9
5
**

101 9
r)
0
1 »4
1 {

101. h
53 0
45 7
43 6

10r n
r
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107 C
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4, 0

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15 0
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50. ,j

50 (>

f%
CVf
f
»i
1 I
195

4
6
4
3
o

501 8
219 7
87 1
i97 9

>7

)

Corporate profits before tax, total
Corporate profits tax liability
Corporate profits after tax
Inventory valuation adjustment
Net interest
Gross national product, total

Services total 0
Household operation
Housing
_
Transportation

...

. _ _

C loss pi iv ite domestic investment, tot il
Xeu c o i i r t r u e f i o n
.
Piodum ^ durable oouipme 't
( 'h iij2e m business m \ e < i t O i < >
V < npoi* c ol gOvjas tiifl s°r\ i ' s _
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not d« d u c t e d

S-i

•

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

1960

1961

Annual total

1959
II

III

April 1002
1961

1960
I

IV

II

III

IV

1962

i ! ii 1 in

IV

I

II

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT -Con.
Quarterly Data Seasonally Adjusted at Annual Rates
GNP in constant (1854) dollars
Gross national product, total
bil. $__

428.4

Durable goods
Nondurable goods

448.8

434. 4

426. 6

430.7

441.0

443.4

440.2

438. 4

433. 2

445. 5

451. 8

464. 6

298.3

303. 6

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

do _.
do

440.8

289. 3

Personal consumption expenditures, total . _ do

41.8
141. 8
114.7

40. 1
143.6
119.9

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

do

61.1

60. 6

57.7

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

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

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

Q

.6

1.0

1.6

3.5

3.3

1 Q

6

20

80.1
43 9
36.2

80.2
42.3
38.0

85. 5
44.9
40.6

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

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

413.2
51.4
361.8

420.3
52. 5
367.7

428. 6
53. 1
375 6

23.4

22.9

25.8

24.8

22.3

22.3

21.8

22.8

24.6

22.7

23.7

25.8

26.8

27.1

8.14

8.92

8.59

8.32

8.32

8. 99

7.89

9.28

8.98

9.53

7.57

8.61

8.65

9.54

18.14

3.02
1.44
1.57

3.62
1.80
1.82

3.42
1.57
1.85

3.02
1.45
1.57

3.02
1.44
1.58

3. 57
1.74
1 . 83

3. 09
1.55
1.51

3.76
1.88
1.88

3.62
1.80
1.81

4.01
1.95
2. 00

3. 00
1.41
1.59

3.46
1.58
1.88

3.34
1.50
1.84

3.88
1. 79
2.09

3.18
1.54
1.64

3. 75
1.82
1.92

.25
.23
.51
1.42
2.72

.25
.26
.48
1.42
2.89

.24
. 17
.46
1.38
2.92

.24
.26
.53
1.47
2.79

.26
.28
.54
1.48

.27

'.55
1.51
2.87

. 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

.26
.16
.50
1.54
3.20

.24
.19
.41
1.07
3. 05

.27
.22
.50
1.31
3.40

do

32. 51

33. 35

33. 58

35.15

36. 30

35. 90

35. 50

33.85

33. 50

34. 70

35.40

i 36. 10

Manufacturing
Durable goods industries

do
do

11.80
5.74
6.06

12.25
5.83
6.42

1 2. 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

14.00
6.40
7.60

14.40
7.00
7. 45

14. 65
7.20
7. 50

Railroads

do

Public utilities

do

.94
1.00
9 08
5. 82
10.87

1.01
1.28
2 17
5.58
11.06

1.04
. 85
9
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

1.00
.60
1.95
5. 55
12.35

1. 10
.80
1.75
5. 25
12. 75

1.05
.80
1.90
5.20
13. 00

4, 717

4, 635

4,655

4, 670

4, 690

4,710

4,725

4,730

4,740

4, 755

4,770

4,780

31,412

32, 000

7,474

7, 565

7,670

7,567

7,690

7,941

8,214

7.744

7.384

7, 958

8,914

15,294
do
do _ _ 3.109
do__ _ 5.134
791
do
3,040
do

14. 722
3,048
5. 557
848
3.381

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

3,861
789
1,272
187
741

3,974
786
1,303
214
746

3,858
754
1,337
206
760

3, 785
767
1,373
198
750

3,830
756
1,438
213
843

3,674
798
1,402
207
775

3,433
727
1,344
230
1,013

3.374
759
1.360
212
1.000

3.418
761
1,360
219
825

3,843
705
1. 419
218
1,018

3,889
731
1.460
221
1 957

2.375
1,372
926
77

3, 856
1,694
850
1,312

3,951
1,601
967
1,383

624
347
280

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

1.039
500
12
597

801
308
331
162

755
470
147
138

1, 356
323
477
556

do

25, 472

28, 131

30, 162

6,137

6, 495

6,731

6,914

7, 069

7,041

7. 107

7, 454

8. 005

7, 072

7,631

do
do
do
do

16, 282
7,427
1.054
'709

19, 409
7,891
631
200

19,916
8, 400
1,269
577

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

5. 053
2.072
130
199

4, 765
2. 115
850
275

4,947
2. 038
80

5, 151
2, 175
209
96

-4,271 -3, 281 -1,838 -1,337 -1.070

Gross private domestic investment, total

Government purchases of eroods 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 p1 §
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals or averages:
All industries
bil. $
Manufacturing
. ...
Durable goods industries
Nondurable goods industries
Mining
Railroad^
Transportation, other than rail
Public utilities
Commercial and other

do
do
do
_ _ _ _ _ do _
do
do
do
do

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

-

BUSINESS POPULATION
Firms in operation, end of quarter (seasonally adjusted)
thous.

3

4, 583 3 4, 660

U.S. BALANCE OF INTERNATIONAL
PAYMENTS!
Quarterly Data are Seasonally Adjusted
U S payments recorded
_ __ ..mil. $ _ 29, 743
Imports:
Merchandise
Military expenditures.-. _
Other services _
Remittances and pensions
Govt grants and capital outflows
U.S. private capital
Direct investments
Long-term portfolio
Short-term
'U.S. receipts, recorded
Exports:
Merchandise
Services and military sales
Repayments on U.S. Govt. loans
Foreign capital other than liquid funds

_

__do
do
_ - do
do

Excess of recorded receipts or payments (— )__.do
Unrecorded transactions

do

Total, net receipts (+) or payments (— )

do

Major special transactions

do

3

-3.2

0

-1.9

-939

-653

-621

-900 -1,107

-103

271

33

-142

-212

-3. 743 -3. 929 -2, 454 -1.061 -1,173

-668

-620

528

335

-648

-524

-616

129

276

-100

-4. 078 -3. 405 -2. 583
-961 -1.173
Total, excluding special transactions
do
r
Revised.
* Estimates for Jan .-Mar. 1962 based on anticipated capital expenditures of business.
2
Estimates for Apr .-June 1962 based on anticipated capital expenditures of business.
Anticipated expenditures for the year 1962 are as follows (in bil. $): All industries, 37.10;
manufacturing, total, 14.90; durable goods industries, 7.29; nondurable goods industries,
7.62;
Digitized for.other,mining, 1.01; railroads, .80; transportation. 1.84; public utilities. 5.60; commercial and
FRASER
13.00.



285
- 953

-290

621

-886

54

-465

109

-344

156

36. 60

-206

-763 -1,112 -1.434

2

9. 44

-1,283

-327

2

-80

— 444

79,4

—777 -1,489

75

— 5°0

— 344
— 5fiS
— 709
-620
-683 1-1.112
-990
— QfiQ
3
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.
fNote change in presentation: unadjusted data, as well as adjusted data for earlier periods,
appear in the Mar., June, Sept., and Dec. issues of the SURVEY (front section).

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