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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
bil $

Wages and salaries, total
Private
Military
Government civilian

-

Supplements to wages and salaries

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

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

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

415.5

278. 5

do
do
do _
do

Compensation of employees, total

400.5

do _ _ _

National income, totalf

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

36 1
29 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

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

do

33.58

35.15

36.30

35.90

35.50

33.85

33.50

34. 70

35 40

35 70

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

i 9 46

2

r

.27
26
.60
r
l 37
3.30

do

r

r

10 19

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

3 61
'•1.74
r
1 87

3. 69
'I. 77
r
1 92

r

T

r

14 45
r 6 95
r
7 50

r

T

3 38

T 7 go
r

3 4, 583

3 4, 658

3 4, 713

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

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. 920
r
752

211
826

222
978

221
962

221
804

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

13 55

37 95
14 9
95
7 5
7 70
1 10
70
1 95
5 50
13 70

4 032
743

205
833

3,840
699
1 "^fts
216
1,094

3,888
722

196
741

3,801
771
i 047
204
768

T

2

8,030

15, 310
3,107
4 925
791
do
do._ _ 3,040

1 10

r 95
T 1 9Q
r 5 55

r

U.S. BALANCE OF INTERNATIONAL
PAYMENTS*
Quarterly Data are Seasonally Adjusted
U.S. payments, recorded
mil. $_. 29, 548

14 65
r 7 Q5

1 05
95
5 40
12 85

29
18
53
1 52
3 54

28
23
• ,2

r 47
r 1 49

36 95 r 1 37 75
r

4 13
2.03
2 11

Imports:
Merchandise
Military expenditures
Remittances and pensions
Govt grants and capital outflows. _-

do
_do

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



1 "}7^

-752
-80

1

'-{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

222
1,032

947
'229
r
398
-•320

596
377
330
—111

r

7, 709

7 983

r

5, 070

5 345
2, 307
237
94

r 2, 189

r

160

r * 290

' -582

-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.

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