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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 (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, arid are subject to their copyrights.
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1%1
edition of BUSINESS STATISTICS

1959

1960 | 1961

1959
I

A n n u a l total

II

1961

15)60
III

I

IV

| II

III

IV

I

11

1962
III

I

| IV

Seasonally adjusted quarterly totals at annual r ates

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

___

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

447.9

452.8

Compensation of employees, total

__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

317.9

Wages and salaries, total
Private
Military
Government civilian

do
do
do
do

258.5
213.2

271.3
223.0

251.4
206. 7

260. 1
215.0

260. 3
214.8

261.9
216.0

38.5

34.8

35.3

35.7

9.8

36.1

268.3
221.4
9 8
37.1

272.4
224.6

35.4

279.7
227.8
10.4
41.5

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

292 5
237. 1
11 ft
43. 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

25. 4

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

4
6
8
5

50.8
37 2
13 6
11 5

50. 6
37 6
13 0
11 5

Proprietors' income, totaled 1
do
Business and professionalc?
do
Farm
do
Rental income of persons
_ _
do
Corporate profits and inventory valuation adjustment, total
bil $

9.9

9.9

9.9

9.9

9.9

9.8

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

52 1

51 5

do
do
do
do

46.8
23.1
23.7

45.0
22.3
22.7

.0

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

43.2
21.4
21.7

.9

.3

39.6
19.6
20.0

—.7

46.3
23.0
23.3
— .4

42.6
21.1
21.4

-.5

46.1
22.8
23.3

45.2
22.4
22.8

.3

47 2
23.3
93 g
— 2

52.4
26.0
26 5

51 3
25.4
25 9
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

9Q 7

21 3

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

548 3

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

352. 0

Durable goods, total ©
do
Automobiles and parts
do
Furniture and household equipment. .-do

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 *)
19 3
19.1

44 8
18 7
18.9

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

.

.1

.4

o

Nondurable goods, total©
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
80.1
11.6

155.5
28.4
81.8
11.8

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 6
81.4
11 7

156.2
28 6
81.9
11 8

158.1
29 5
82.7
11 8

159.8
29 4
84.0
12 0

Services, total © __
Household operation
Housing

do
do
do

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
98

124 4
18.2
40 1
10 2

127
18
40
10

128
19
41
10

131 2
19 5
41 9
10 5

133 6
19 7
42 7
10 5

135
20
43
10

137
20
43
10

5
6
6
5

139 Q
20 9
44 2
10 7

142
21
44
10

144
21
45
11

147
21
46
11

do

123.2
18.1
39.9
10.0

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

76.6

77.0

New construction
Producers' durable equipment
Change in business inventories

do
do
do

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
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
2.8

42 7
26 0
4.5

43 3
28 0
5.3

41 8
28 r)
6.8

Net exports of goods and services
Exports
Imports

do
do
do

40.2
25.9
6.3
>j
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
24 0

1.8
95 g
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

2.6
97 n
24 3

4.0
28 5
24 5

OC O

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

10.5.
54
47
50

107.3
56 6
48 8
50 6 '

109.0
57 4
49 0

113.2
60 0
51 7

115.9
61 *>
cj2 w

do
do
do
do
do
do

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 °

"(04 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

537 0
266. 3
99. 6
166. 7

541 f>
268. 1
99.8
168.3

do
do
do

6.3
3.6
2.6

4.2
2.5
1.8

2.2
.1
2.0

7.1
5.4
1.7

11.7
8.8
2.9

.7
-2.0
2.7

5.6
2.4
3.2

10.9
9.4
1.5

5.4
3.9
1.5

2.4
.4
2.0

-1.9
-3.8
2.0

-4.0
-5.8
1.8

2.8
-.3
3.2

Transportation
Gross private domestic in vestmen t, total

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.

_

0
9
5
2

6
2
1
4

4
0
1
5

0
7
2
3

4
2
8
9

K1 «

co 9

3.5

24 7

f A

o

60 7

91 A '\
rjq |

4.5
3.5
1.0

5.3
3.1
2.2

6.8
3,5
3,3

I

Revised.
cf 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.
C40459 0 —62—4

3
9
1
2

59 2

9AC

T




9
6
5
0

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

1959

1961

1960

Annual total

1959

III

.Tune 1062
1961

1960
IV

I

II

III

IV

I

II

1962

III

IV

I

II

III

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
Ml $

428.4

440.8

448.8

426.6

430. 7

441.0

443.4

440.2

438.4

433.2

445. 5

451.8

464. 6

468.2

Personal consumption expenditures, total.. do

289.3

298. 3

303. 6

290.8

292.8

295.4

299.5

298.6

299. 6

297.0

301.6

305.0

310.8

312.8

do
do
do

41.0
138. 8
109. 5

41.8
141.8
114.7

40. 1
143. 6
119.9

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

42.6
147.0
123.2

Gross private domestic investment, total.. .do

61.1

60. 6

57.7

57.3

60.4

66. 6

62.3

58.6

54.9

49.6

57.3

60.4

63.5

63.7

33.9
22.7
4.0

34.4
21 2
2.1

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
o 2

34.1
20.3
2.9

35.1
21.4
3.9

35.6
23.1
4.7

34.2
23.4
6.1

-.9

.6

1.0

1.6

3.5

3.3

1.9

.6

2.0

1.3

Durable goods
Nondurable goods
Services

New construction
Producers' durable equipment
Change in business inventories

do
do
do

34.3
21.3
5.5

Net exports of goods and services

_.do

-2.1

1.7

2.0

80. 1
43.9
36.2

80.2
42.3
38.0

85.5
44.9
40.6

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
3*. 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

90.3
48.4
41.9

383. 3
46.0
337.3

402. 2
50. 4
351 . 8

416. 7
51.8
364. 9

385. 1
46.4
338. 7

3x8 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

432. 9
54.7
378.2

23.4

22.9

25.8

22.3

22.3

21.8

22.8

24.6

22.7

23.7

25.8

26.8

27. 1

26.2

8.14

8.92

8.59

8.32

8.99

7.89

9.28

8.98

9. 53

7.57

8.61

8.65

9.54

' 8. 02

Government purchases of sroods 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 ^avin° r §
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals or averages:
All industries
bil $

-1.9

1

--9.48

2 9. 45

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

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
2.09

••3.14
'1.44
'1.69

' 3. 76
"1.79
' 1.97

3.66
1.75
1.91

Mining
Railroads
_..
Transportation, other than rail
Public utilities
,
Commercial and other

do
do _.
do
do
do

.25
.23
.51
1.42
2.72

.25
.26
.48
1.42
2.89

.24
.17
.46
1.38
2.92

.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

.25
.16
.47
1. 50
2.94

.26
.16
.50
1.54
3.20

'. 26
'.16
'.47
'1.06
-2.94

.27
'.26
'. 55
••1.34
••3.30

.27
.20
.44
1.52
3.36

do

33.35

33.58

35.15

36.30

35.90

35.50

33.85

33.50

34. 70

35.40

r

35. 70 i '36. 95

2 37. 70

rl
do

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

14.00
6.40
7.60

' 14. 20 ' 14. 70 14.80
' 7. 05 7.10
'6.55
r
7.60
7.70
••7.65

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

1.00
.60
1.95
5.55
12.35

'1.15
'.70
'2.05
' 5. 15
r
12. 45

' 4, 720 4,730

4,740

' 4, 750 r 4. 760

r 4. 770

Seas. adj. qtrly. totals at annual rates:
All industries
^ D
hi
f~?~d~ ~f~1
"
Nondurable goods industries..-

""

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

3 4, 583 3 '4, 658 3 --4, 713

4,655

4,670

4,690

4,710

U.S. BALANCE OF INTERNATIONAL
PAYMENTS}
Quarterly Data are Seasonally Adjusted
U S pavments recorded
mil $

29, 548

31, 317

31, 805

7,570

7, 541

7,549

7,690

8, 000

8, 078

7, 690

7.411

8,082

8, 622

8, 389

do
do
- do
do
do

15, 310
3, 107
4, 925
791
3, 040

14,723
3,048
5,417
842
3, 405

14,514
2, 947
5, 462
878
4,051

3, 976
776
1,259
218
779

3, 862
754
1, 300
196
741

3, 801
771
1,347
204
768

3. 836
758
1, 375
205
833

3, 664
797
1, 368
211
826

3, 422
722
1,327
222
978

3. 369
770
1, 309
221
962

3, 417
756
1,337
221
804

3, 840
699
1,388
216
1,094

3,888
722
1,428
220
1,191

3,914
755
1, 376
218
1,075

do
do
do
do

2, 375
1. 372
926

3, 882
1,694
850
1,338

3, 953
1,475
1, 006
1,472

562
322
246
-6

688
364
202
122

658
324
236
98

683
271
209
203

1,134
415
170
549

1,407
684
235
488

1, 059
457
120
482

876
269
218
389

845
429
194
222

1,173
320
474
379

1,051
331
345
375

do

25, 393

27, 984

29, 946

6,484

6,715

6, 865

7, 055

7, 002

7, 062

7, 400

7,953

6,979

7,614

7, 696

do
do
do
do

16, 282
7,194
1, 054
863

19, 459
7,554
636
335

19, 915
8,151
1,274
606

4,297
1,808
159
220

4,195
1, 901
430
189

4, 657
1,827
170
211

4, 876
1. 909
147
123

4,940
1,843
172
47

4, 986
1, 975
147
-46

5, 061
2, 008
133
198

4,768
2, 060
851
274

4,940
1, 951
81

5,146
2,132
209
127

5, 068
2, 183
165
4280

-826

-684

-635

-998

-1,016

-117

-194

-263

1.05
1.05
'.95
.85
••2.10
1.80
'5.35
5.70
' 12. 85 13.50

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
17 S receipts recorded
Exports:
Merchandise
Services and military sales
Repayments on U S Govt loans
Foreign capital other than liquid funds
Excess of recorded receipts or payments (— )

do

Unrecorded transactions

do

Total net receipts (-}-) or payments ( — )
Major special transactions

do
do

-4, 155 -3, 333 -1,859 -1,086
412

-592

-602

-37

-3, 743 -3, 925 -2, 461 -1, 123
335

-524

129

230

-596
285

Total, excluding special transactions
do
-4,078 -3.401 1-2.590 -1, 123
-881
'Revised.
»Preliminary.
1
Estimates for Apr.-June 1962 based on anticipated capital expenditures of business.
2 Estimates for July-Sept. 1962 based on anticipated capital expenditures of business.
Anticipated expenditures for the year 1962 are as follows (in bil. $): All industries, 37.16;
manufacturing, total, 14.74; durable goods industries, 7.04; nondurable goods industries,
7.70; mining, 1.06; railroads, .84; transportation, 1.88; public utilities, 5.51; commercial and
Digitized forother, 13.12.
FRASER



-18

-752

-1,192 -1,279

-80

-702

-444

-290
-29

-319

542 -1,103 -1,008

-366
176
724

193

-910
-75

-400

-1,408

r

4. 780

-693

1

217

-476

-520

-672 -1, 192
-319
-702
-835
-548
-835
-888
-476
s Unadjusted. Data represent firms in operation as of Jan. 1; estimate for Jan. 1, 1962
(based on incomplete data) is 4,752,000.
* Includes changes in nonliquid Govt. liabilities.
§ Personal saving is excess of disposable income over personal consumption expenditures
shown as a component of gross national product on p. S-l.
% Revised effective with the June 1962 SURVEY; revisions prior to 3d qtr. 1959 will be
available later.

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