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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, 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
II
Annual total
III
1960
IV
I
II
1961
| III
IV
I
| II
1962
III
IV
I
II
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
National income, totalf
Compensation of employees, total
Wages and salaries, total
Private
Military
Government civilian
-
Supplements to wages and salaries
400.5
415.5
427.8
405.6
400.6
403.9
413.9
417.2
416.6
414.4
411.8
424.3
431.3
444.0
448.9
456. 7
do _ _ _
278. 5
293.7
302.2
279.8
280. 2
283.0
290. 6
294.6
295.8
293.9
294.1
300.2
304.5
309.9
315. 2
321.7
do
do
do _
do
258. 5
213 1
9.9
35.4
271.3
222 9
9.9
38.5
278.8
227.0
10.2
41.6
259. 7
214.6
9.9
35.3
259. 9
214.4
9.9
35.7
262. 5
216. 5
9.8
36.1
268.5
221.6
9.8
37.1
272.2
224.4
9.8
38.0
273.3
224. 2
9.9
39.1
271.3
221.6
10.0
39.7
271.2
220. 8
10.0
40.4
276.9
225. 8
10.0
41.2
281.0
228.8
10.0
42.2
286.1
232. 5
10.8
42.8
289.9
235. 0
11.2
43.7
295. 9
240. 1
11.2
44.6
20.1
22. 4
23.4
20.0
20.3
20.6
22.0
22.3
22.5
22.6
22.9
23.2
23.5
23.8
25.2
25. 8
46.5
35.1
11.4
11.9
46.2
34.2
12.0
11.9
47.8
34.8
13.1
12.3
47.2
35.5
11.7
11.9
46.0
35.4
10.6
11.9
45.9
35.1
10.8
11.9
45.2
34.5
10.7
11.9
46.9
34.5
12.4
11.9
46.3
34.1
12.2
11.9
46.5
33.8
12.7
12.0
46.5
33.7
12.8
12.0
47.2
34.5
12.7
12.2
48.1
35.1
13.1
12.3
49.5
36.0
13.6
12.5
49.1
36.2
12.9
12.6
49.5
36.8
12.8
12.8
47.2
45.6
45.5
50.5
46.1
46.0
48.6
46.2
44.4
43.3
40.1
45.0
46.0
51.1
50.4
50.7
47.7
23.2
24.5
-.5
45.4
22.4
23.0
.2
45.6
51.9
25.2
26.6
-1.3
46.5
22.6
23.9
-.5
45.3
22.0
23.3
.7
49.2
24.3
24.9
-.6
46.4
22.9
23.5
43.3
21.4
21.9
1.2
42.8
21.1
21.7
.5
39.8
19.4
20.3
.3
44.8
21.9
22.9
2
46.3
22.6
23.7
-.3
51.4
25.1
26.3
-.3
50.1
24.4
25.6
.3
50. 9
24.9
26.1
2
do
Proprietors' income, totaled
Business and professionalc?
Farm
Rental income of persons. _
_
Corporate profits and inventory valuation
ment, total
Corporate profits before tax, total
Corporate profits tax liability
Corporate profits after tax
Inventory valuation adjustment
bil $
do
do_ _.
do
do
adjustbil. $__
do
__ __ do
_do_
do
_
23^3
.0
do
16.4
18.1
20.0
16.2
16.4
17.0
17.6
17.7
18.2
18.8
19.1
19.8
20.3
21.0
21.5
22.0
do
482.7
503.4
518.7
487.8
482.7
488.5
501.7
504.8
503.7
503.3
500.8
513.1
522. 3
538.6
545.0
552.0
Personal consumption expenditures, totaL.do
313.5
328.5
338.1
313.0
316.7
318.8
323. 9
329.9
329.8
330.5
330.5
335.5
340.1
346.1
350.2
354.9
43.6
18.1
18.9
44.8
18.8
19.1
43.7
17.2
19.3
44.4
19.0
18.9
44.9
18.9
19.2
43.1
16.9
19.3
45.1
19.0
19.3
45.8
19.5
19.2
44.5
18.3
19.1
44.0
18.3
18.7
40.8
15.4
18.4
43.5
16.9
19.2
44.0
16.9
19.7
46.6
19.4
19.8
46.3
19.1
19.7
47.2
20.3
19.3
147.1
27.5
77.7
11.1
151.8
28.1
79.5
11.7
155. 2
28.6
81.1
11.9
147.0
27.8
77.8
11.1
147.7
27.7
77.4
11.3
148.9
27.8
78.3
11.3
150.0
28.1
78.5
11.5
152.6
28.3
79.9
11.6
152.5
28.4
79.5
11.7
152.3
27.8
80.2
11.9
153.5
28.1
80.3
11.9
153. 9
28.0
80.6
11.7
156. 2
29.0
81. 5
11.9
157. 2
29. 2
82.1
12.1
159.9
29.8
83.7
12.1
161. 3
29.8
84.2
12.3
_ do
do
do
do
122.8
18.1
39.6
10.0
131.9
19.6
41.8
10.7
139.1
20.6
43.9
11.1
121.5
17.9
39.4
9.7
124.0
18.2
39.9
10.2
126.8
18.8
40.3
10.5
128.9
19.2
40.9
10.6
131.5
19.6
41.7
10.6
132.8
19.7
42.2
10.6
134.2
20.0
42.6
10.7
136.2
20.2
43.1
10.9
138.0
20.6
43.6
10.9
139.9
20.7
44.1
11.1
142.3
21.0
44.8
11.4
144.1
21.3
45.2
11.5
146. 3
21.8
45.7
11.5
do
72.7
72.4
69.3
79.0
68.8
73.2
79.1
73.5
70.3
66.5
60.1
67.6
72.4
76.6
75.9
77.4
40 2
22.3
25.9
6.6
6.5
40.7
21.1
27.6
4.1
3.7
41.6
21.0
25.5
2.1
1.9
41.1
23.5
26.4
11.5
11.5
41.0
22.6
26.6
1.1
1.1
39.6
21.3
26.4
7.1
7.0
40.9
21.5
27.4
10.8
10.6
40.7
21.2
28.4
4.4
4.1
40.5
21.0
27.7
2.1
1.7
40.7
20.5
26.8
-1.1
-1.5
39.3
19.0
24.4
-3.6
-3.9
41.0
20.1
24.6
21
1.8
42.6
21.9
25.8
4.0
3.8
43.2
22.8
27.4
6.0
5.9
41.6
21.2
27.6
6.7
6.6
44.5
23.3
28.9
4.0
3.9
do
do
do
-.8
22 9
23^6
2.9
26.4
23.5
4.0
27.3
23.3
-1.7
22.1
23.8
-.5
23.8
24.3
.0
23.8
23.9
1.4
25. 3
23.9
2.4
26.5
24.2
2.8
26.5
23.6
4.9
27.2
22.3
5.3
27.4
22.2
4.0
26.4
22.4
2.8
26.9
24. 1
3.8
28.3
24.5
3.7
28.2
24. 5
3.7
29.0
25.3
Govt. purchases of goods and services, totaL.do
Federal (less Government sales)
do
National defense 9 do
State and local
_ _ _
do
97.2
53.6
46.2
43.6
99.7
53.2
45.7
46.5
107.4
57.0
49.0
50.4
97.5
53.9
46.5
43.6
97.8
54.0
46. 4
43.8
96.5
52.8
46.1
43.7
97.2
52.5
45.4
44.7
99.0
53.1
45.8
45.9
100.8
53.6
45.7
47.2
101.4
53.6
45.8
47.8
104.8
55.4
47.7
49.4
106. 0
56.6
49.0
49.4
106. 9
56. 5
48.4
50.4
112. 1
59. 5
50. 8
52.6
115.2
61.9
53. 0
53.3
116.0
62.1
53.2
54.0
476.1
244.0
91.5
152. 5
175.8
56.3
499.4
254.1
95.0
159. 2
188.6
56.7
516. 6
257. 2
94.0
163.3
200. 7
58.6
476.3
244.3
92.4
152.0
173. 9
58.1
481.5
247.0
93. 1
153.9
177.6
56.9
481. 4
245.7
91.9
153. 8
181.3
54.4
490.8
251.3
94.0
157.3
183. 8
55. 8
500.4
256. 2
96.9
159.3
187.7
56.4
501.5
254. 9
94.8
160. 1
189.9
56.8
504. 4
254. 1
94.2
160.0
193. 1
504.4
251.6
90.2
161.4
195. 9
56. 8
511. 0
254.4
92.6
161.8
199.0
57. 5
518. 3
257. 8
94. 3
163. 5
201.3
59. 2
532. 6
265. 0
98.8
166. 3
206. 6
61.0
538. 3
268. 2
99. 9
168.4
211.1
59. 0
547. 9
272. 6
102.6
170.0
213. 5
61.8
Net interest
Gross national product, totalf
Durable goods, total 0
__ do
Automobiles and parts- - _ _
do_ _
Furniture and household equipment_-_do
Nondurable goods, total 0 _ _
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil
do. _.
do
do _
do
Services, total 0
Household operation
Housing
Transportation
_
Gross private domestic in vestment, total
New construction
_ _
do
Residential nonfarm..
- __. __ __.do
Producers' durable equipment _ __ _. do _
Change in business inventories
do
Nonfarm __ _ _ _ .
._
do ..
Net exports of goods and services
Exports _
__
Imports
By major type of product:*!
Final sales, total
Goods output, total..
T3urable goods
Nondurable goods
Services ~
Construction
Inventory change, total
Durable goods
Nondurable goods
_
do
do
_ do _
do
_ do
do
_
_
.do
do
do
2.1
11.5
1.1
7.1
10.8
4.4
2.1
-1.1
-3.6
2.1
4.0
6.0
6.7
4.0
.0
8.1
-2.0
8. 6
2.6
2.8
1.0
-1.3
3.4
3.5
3.5
1.9
2 2
2.1
3.5
3.1
4.5
o 2
1.6
1.1
2.2
1.9
3.4
3.1
.6
r
Revised.
t Re vised series. Estimates of national in come ancI produc t and per sonal
eludes d ata not s lown sep arately.
9 Govermnen sales arc not dedticted.
*For qu arterly
income have been revised back to 1959; revisions prioi• to May 1961 for ipersonal i ncome a ppear
data ba "k to 194 1, see p. I55 of the July 1962 SURVEY
on p. 13 of the July 1962 SURVEY.
concludes in yentory valuatioii adjustnnent.
0In-
_
6.6
3.5
3.1
4.1
2.3
1.8
£l-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
1960
1961
Annual total
1959
IV
September 1962
I960
I
II
1961
III
IV
I
II
1962
IV
III
I
III
II
IV
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.f
Quarterly Data Seasonally Adjusted at Annual Rates
GNP in constant (1954) dollars
Gross national product, tot alt
bil. $
428.6
440.2
447.9
431. 1
440.9
442.3
439. 7
437.7
433.9
443 9
450 4
463 4
467 4
470 8
Personal consumption expenditures, total ..do
288.9
298.3
304.3
291.9
295.6
299.7
299.1
298.8
298.2
302. 5
306.0
310. 6
313.9
316.9
do_ _
do
do
41.0
138. 7
109.2
42 2
141.4
114.7
41.6
143. 3
119. 4
40.8
139.8
111.3
42.4
140.6
112.6
43.0
142.3
114.5
41.8
141.9
115. 4
41.8
140. 7
116 3
39.0
141.5
117 7
41 3
142.3
118 8
41 7
144 4
1°0 0
44 4
144
9
191 4
44 1
147 0
12? 8
44 6
148. 1
124 1
do_ _.
61.7
60.7
57.8
62. 0
66.7
61.5
58.6
55. 8
50.0
56 5
60 4
64 1
63 3
64 1
do
do
do
34.4
21.4
5.9
34.3
22.7
3.7
34.8
21.1
2.0
33.6
21.8
6.6
34.6
2? 6
9.6
34.2
23 3
4.0
34.0
22 7
1.9
34 3
92 2
_ 7
33 0
20 1
—3 0
34 3
20 2
2 0
35 6
91 3
3 5
369 1
2 7
5 4
34 6
29 g
5 9
36 7
23 8
3 7
1.5
1.8
— 1.1
9
1.0
1.5
33
35
17
7
14
13
80.1
43.9
36.2
79.8
42.3
37.4
84.0
44.5
39.4
78.3
42.4
35.9
78.4
42.0
36.4
80.0
42.9
37.1
80.5
42.7
37.8
79.9
41.8
38.1
82.2
42.9
39 2
83.3
44.4
38 9
83 3
44 1
39 2
87 2
46 7
40 5
88 9
48.3
40 6
89.2
48.6
40. 6
383.9
46.8
337.1
400.8
51.4
349.4
416.4
52.8
363.6
390.2
48.3
341.9
395. 4
51.4
344.0
401.4
51.9
349. 6
403.1
51.4
351.7
403 7
50.9
352. 7
405 4
51.0
354. 3
413 5
52. 5
361.0
419 4
53 0
366 3
497 3
54.6
372 6
432 0
56. 4
375 6
439 5
57 7
381.8
23.6
20.9
25.6
23.1
20.1
19.7
22.0
22 2
23 8
25 5
26 3
26 5
25 4
26 9
8.14
8.92
8.59
8.99
7.89
9.28
8.98
9.53
7.57
8.61
8.65
9.54
8.02
r
Durable goods
Nondurable goods
Services
Gross private domestic investment, total
New construction
_
Producers' durable equipment
Change in business inventories
_
Net exports of goods and services
do .
Government purchases of eroods and services, total
bil. $..
Federal.
do _.
State and local
do
DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income total
_ _ bil. $
Less: Personal tax and nontax payments
do
Equals* Disposable personal income
do
Personal savinCT§
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals or averages:
All industries
.-bil. $
9 50
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
3.57
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
r
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
.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
.60
r
l 37
3.30
do
33.58
35.15
36.30
35.90
35.50
33.85
33.50
34. 70
35 40
35 70
do
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
6 55
7.60
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
12 45
r 2 25
4,780
4,790
Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing
Nondurable goods industries
Mining
do
do
Public utilities
do
Commercial and other
do
BUSINESS POPULATION
Firms in operation, end of quarter (seasonally adjusted)
thous
14 45
r 6 95
r
7 50
5 40
12 85
4,670
4,690
4,710
4,720
4,730
4,740
4,750
4,760
4, 770
31,317
31, 805
7.541
7,549
7,690
8,000
8,078
7,690
7,411
8,082
8,622
r
8, 291
8,030
15, 310
3,107
4 925
791
do
do._ _ 3,040
14, 723
3,048
5 417
842
3,405
14,514
2,947
5 462
878
4,051
3, 862
754
3. 836
758
3, 664
797
3, 422
722
3. 369
770
3,417
756
r
3.r 920
752
4 032
743
205
833
211
826
222
978
221
962
221
804
3,840
699
1 "^fts
216
1,094
3,888
722
196
741
3,801
771
i 047
204
768
2,375
1, 372
926
77
3,882
1,694
850
1,338
3,953
1,475
1,006
1, 472
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
do
25, 393
27, 984
29, 946
6,715
6, 865
7,055
7,002
7,062
7,400
7,953
6,979
7,614
Exports:
Merchandise.do
Services and military sales
do
Repayments on U S Govt. loans
. _ __do
Foreign capital other than liquid funds
do
16, 282
7,194
1,054
863
19, 459
7,554
636
335
19, 915
8, 151
1,274
606
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
-826
-684
-635
-998
-1,016
-117
-194
-263
Remittances and pensions
Govt grants and capital outflows. _-
U S private capital
- do
Direct investments _ _
-do__ Long-term portfolio
do
Short-term
_ _ _ _ _ _ _ _ _ do
U S receipts, recorded
Excess of recorded receipts or payments (—).- -do
Unrecorded transactions
Total, net receipts (+) or payments (— )
Major special transactions.
do
do
__do
-4, 155 -3, 333 -1,859
412
-592
-602
-3, 743 -3, 925 -2, 461
335
-524
129
230
-596
-18
-702
285
Total, excluding special transactions
do
-4,078 -3,401 -2, 590 -881
-702
'Revised.
*>Preliminary.
1
Estimates for July-Sept. 1962 based on anticipated capital expenditures of business.
2
Estimates for Oct.-Dec. 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, 14.57; durable goods industries, 6.98; nondurable goods industries,
7.59; mining, 1.10; railroads, .83; transportation, 2.06; public utilities, 5.43; commercial and
other,
13,16.
3
Unadjusted. Data represent firms in operation as of Jan. 1; estimate for Jan. 1, 1962
-752
-80
'-{ftR
1 ^97
-1, 192 -1,279
-444
-290
-29
-319
220
1, 191
542 -1, 103 -1,008
-366
176
724
193
-910
75
-400
r
r
234
1, 050
r
596
377
330
—111
r
7, 709
7 983
r
5, 070
5 345
2, 307
237
94
r
160
r * 290
' -582
29
18
53
1 52
3 54
28
23
• ,2
3 38
T
14 65
r 7 Q5
T 7 go
r
1 10
r 95
T 1 9Q
r 5 55
T
13 55
2
37 95
14 995
7 5
7 70
1 10
70
1 95
5 50
13 70
222
1,032
947
'229
r
398
-•320
r 2, 189
r
10 19
4 13
2.03
2 11
r 47
r 1 49
r
3 4, 713
1
T
1 05
95
3 4, 658
1 "}7^
r
36 95 r 1 37 75
r
2
3 61
'•1.74
r
1 87
r
3 4, 583
do
_do
i 9 46
r
3. 69
'I. 77
r
1 92
U.S. BALANCE OF INTERNATIONAL
PAYMENTS*
Quarterly Data are Seasonally Adjusted
U.S. payments, recorded
mil. $_. 29, 548
Imports:
Merchandise
Military expenditures
r
-47
'106
-171
-1,408
r-476
-218
—520
100
77
-672 -1, 192
-835
-319
-888 r -576
-548
-835
-295
4
(based on incomplete data) is 4,752,000.
Includes changes in nonliquid Govt. liabilities.
t See corresponding note on p. S-l (revisions prior to 3d qtr. 1959 appear on p. 8 ff. of
the July 1962 SURVEY.)
§ 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 bo
available later.
@FedFRASER