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SUEVEY OF CUERENT BUSINESS

May 197T

NATIONAL INCOME AND PRODUCT TABLES
1975
1975

1976

1976
I

IV

II

1975

1977
III

IV

I*

1975

I

IV

1976

1977

1976
II

III

IV

I*

Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

Billions of 1972 dollars

Billions of current dollars

Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
1,516.3 1,691.6 1,588.2 1,636.2 1,675.2 1,709.8 1,745.1 1,796.1 1,191.7 1,264.7 1,219.2 1,246.3 1,260.0 1,272.2 1,280.4

Gross national product—
Personal consumption expenditures..
Durable goods
Nondurable goods.
Services

973.2 1,079.7 1,012.0 1,043.6 1,064.7 1,088.5 1,122.0 1,159.1

1,300.3

770.3

813.7

783.9

800.7

808.6

815.7

829.7

843.8

111.9
306.1
352.4

125.8
319.3
368.6

118.0
309.5
356.4

124.3
314.6
361.8

125.2
317.6
365.8

126.2
318.9
370.6

127.6
325.9
376.2

134.9
326.8
382.1

131.7
409.1
432.4
183.7

156.5
440.4
482.8
239.6

201.4

229.6

239.2

247.0

242.8

267.9

137.8

170.9

147.0

167.1

171.7

175.2

169.8

183.1

198.3

227.7

205.7

214.7

223.2

231.9

241.0

254.1

149.8

162.8

152.5

156.7

160.6

165.0

169.0

173.9

Nonresidential
Structures.
Producers' durable equipment..

147.1
52.0
95.1

160.0
55.3
104.7

148.7
52.1
96.6

153.4
53.2
100.2

157.9
54.9
103.0

163.0
56.0
107.0

165.6
57.0
108.6

173.9
56.6
117.4

111.4
36.7
74.7

115.7
38.1
77.7

110.5
36.7
73.8

112.6
37.1
75.5

114.9
37.9
77.0

117.5
38.4
79.2

117.9
38.9
79.0

122.3
37.8
84.5

Residential
Nonfarm structures
Farm structures
Producers' durable equipment..

51.2
49.0
.8
1.3

67.7
65.1
1.1
1.6

57.0
54.2
1.4
1.4

61.3
58.6
1.2
1.5

65.3

68.9
66.3
1.0
1.6

75.5
72.7
1.2
1.6

80.2
77.4
1.1
1.7

38.4
36.6
.6
1.2

47.1
45.1
.7
1.3

41.9
39.7
1.0
1.2

44.1
42.0

.9
1.5

45.7
43.9
.6

1.3

1.2

47.4
45.5
.7
1.3

51.1
49.0
.8
1.3

51.6
49.6
.7
1.3

-14.6
-17.6
3.0

11.9
11.9
0

-4.3
-9.5
5.2

14.8
12.7
2.2

16.0
17.3
-1.3

15.1
15.6
-.5

1.7
2.2
-.5

13.8
13.0
.7

-12.0
-13.0

8.1
8.1
0

-5.5
-7.0
1.5

10.4
8.9
1.5

11.1
12.0
-.9

10.2
10.5
-.3

.9
1.2
-.4

9.2

Gross private domestic investment.
Fixed investment

Change in business inventories.
Nonfarm.
Farm

141.8
421.6
448.6

151.4
429.1
463.2

155.0
434.8
474.9

62.9

157.6
441.8
489.1

162.0
456.0
504.0

174.0
464.7
520.4

.9

.9

8.7
.5

20.5

Net exports of goods and services
Exports..
Imports
Government purchases of goods and services
Federal
National defense..
Nondefense
State and local

6.6

21.0

8.4

9.3

4.7

4.2

-9.3

22.6

16.0

23.1

16.6

16.0

15.7

15.5

10.9

148.1
127.6

162.7
156.0

153.7
132.7

154.1
145.7

160.3
151.0

167.7
163.0

168.5
164.3

170.5
179.8

90.6
68.1

96.1
80.1

93.9
70.8

93.6

95.4

98.0
82.3

97.4
81.8

97.8
86.9

339.0

365.6

353.8

354.7

362.0

369.6

376.2

378.5

261.0

264.1

265.2

265.5

265.3

262.4

138.9
91.3
47.6
237.4

138.2
91.5
46.7
240.3

95.7

96.7

97.2

97.3

98.1

96.4

165.2

167.4

168.0

168.2

167.3

166.0

124.4
84.3
40.1
214.5

133.4
88.2
45.2
232.2

130.4
87.1
43.2
223.4

129.2
86.2
42.9
225.5

131.2
86.9
44.2
230.9

134.5
88.5
46.0
235.0

77.0

79.4

261.9

263.6

95.4

96.0

166.6

167.7

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
1,516.3 1,691.6 1,588.2 1,636.2 1,675.2 1,709.8 1,745.1 1,796.1 1,191.7 1,264.7 1,219.2 1,246.3 1,260.0 1,272.2 1,280.4

Gross national product
Final sales
Change in business inventoriesGoods
Final sales.

1,291.1
9.2

681.7
696.3
-14.6

760.2
748.3
11.9

719.7
724.0
-4.3

742.3
727.5
14.8

758.4
742.4
16.0

766.1
751.0
15.1

774.3
772.5
1.7

802.9
789.1
13.8

532.6
544.7'
-12.0

575.8
567.7
8.1

549.9
555.4
-5.5

569.5
559.1
10.4

576.0
564.8
11.1

579.1
568.9
10.2

578.7
577.9

596.3
587.1
9.2

254.4
266.5
-12.1

300.5
297.8
2.7

270.0
280.6
-10.6

282.7
286.3
-3.6

301.2
295.8
5.4

308.2
301.4
6.8

309.8
307.7
2.0

333.7
325.6
8.2

204.7
214.1
-9.4

229.9
228.1
1.8

213.4
220.7
-7.4

221.9
224.3
-2.4

230.5
226.7
3.8

234.6
230.0
4.6

232.6
231.5
1.1

248.5
242.8
5.7

427.3
429.8
-2.6

459.8
450.5
9.2

449.7
443.3
6.3

459.6
441.1
18.5

457.1
446.6
10.6

457.9
449.6
8.3

464.5
464.8

469.1
463.6
5.6

327.9
330.6
-2.7

345.9

339.6
6.4

336.6
334.7
1.9

347.6
334.8
12.8

345.5
338.2
7.3

344.5
338.9
5.6

346.1
346.4
-.3

347.7
344.3
3.5

692.5
142.1

Change in business inventoriesDurable goods..
Final sales
Nondurable goods
Change in business inventories.
Final sales
Change in business inventories.
Services....
Structures.

1,300.3

,531.0 1,679.7 1,592.5 1,621.4 1,659.2 1,694.7 1,743.4 1,782.4 1,203.7 1,256. 6 1,224.7 1,235.9 1, 248.8 1,262. 0 1,279.5
10.2
9
10.4
11.1
11.9
-5.5
-14.6
8.1
14.8
1.7
-4.3
16.0
15.1
13.8 -12.0

772.0
159.3

719.5
149.1

742.6
151.3

759.6
157.3

781.5
162.2

804.4
166.5

824.3
169.0

556.6
102.4

579.1
109.8

562.8
106.4

570.3
106.6

575.3
108.7

582.1
111.0

588.8
112.8

593.3
110.7

1,516.3 1,691.6 1,588.2 1,636.2 1,675.2 1,709.8 1,745.1 1,796.1 1,191.7 1,264.7 1,219.2 1,246.3 1,260.0 1,272.2 1,280.4

1,300.3

1,505.7 1,678.1 1,577.1 1,623.2 1,662.8 1,696.1 1,730.4 1,781.4 1,186.8 1,258.7 1,214.1 1,240.4 1,254.3 1,266.2 1,273.9
1,277.5 1,427.4 1,340.4 1,380.7 1,415.5 1,443.1 1.470.1 1,515.5 1, 004.1 1,071.6 1, 030. 2 1,055.1 1, 068.0 1,078.2 1,085.1
994.1 1, 018. 0 1,031.5 1,039.4 1,044.8
968.1 1,033.4
1,222.8 1,368.9 1,279.6 1,324.8 1,354.7 1,384.4 1,411.6 1,452.3
890.0
936.2
925.0
931.8
865.7
926.5
912.9
1,105.0 1,239.2 1,157.6 1,199.8 1,226.5 1,253.1 1.277.2 1,314.2
104.0
108.6
134.4
106.5
107.5
102.4
106.9
105.1
117.8
129.7
138.1
122.0
125.0
128.2
131.2
34.2
36.2
34.9
49.4
35.0
34.1
35.1
34.3
50.3
50.8
54.0
54.8
48.7
55.0
50.0
9.2
4.4
7.7
9.2
6.1
7.2
5.8
8.7
2.8
3.8
4.0
1.6
1.8
3.1
1.9

1,105.2
1,065.1
955.1
110.0
36.2

Q

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product.
Gross domestic product
Business
Nonfarm
Nonfarm less housing...
Housing
__
_
Farm
Statistical discrepancy
1
Residual
Households and institutions.
Government. .
Federal
State and local.
Rest of the world.

1,294.3

4.0

41.8

41.7

49.7

56.0

51.5

53.3

54.8

57.0

58.9

60.7

38.5

40.9

40.4

41.5

178.5
59.3
119.2

194.8
63.4
131.4

185.2
61.5
123.7

189.2
62.2
127.0

192.5
62.5
130.0

196.0
63.2
132.8

201.4
65.6
135.8

205.2
66.1
139.1

144.2
48.2
96.0

146.3
48.1
98.2

145.1
48.1
97.0

145.5
48.1
97.4

146.0
48.0
97.9

146.6
48.1
98.4

147.0
48.1
98.9

147.4
48.1
99.3

10.6

13.4

11.1

13.0

12.4

13.7

14.7

14.7

4.8

6.0

5.1

5.9

5.6

6.0

6.5

6.0

38.8

*First-quarter corporate profits and related totals are preliminary and subiect to revision next month.
HISTORICAL STATISTICS
The national income and product data for 1929-72 are in The
National Income and Product Accounts of the United States, 1929-74:
Statistical Tables (available for $4.95, SN 003-010-00052-9, from
Commerce Department District Offices or the Superintendent of




Documents; see addresses

inside

front cover). The July 1976

SURVEY contains data for 1973-75 (except for seasonally
unadjusted quarterly estimates, which are in the September 1976
SURVEY).

CURRENT BUSINESS STATISTICS

_LHE STATISTICS here update series published in the 1975 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (available from the Superintendent of Documents for $5.10) provides a description of each series, references
to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1971 through 1974 (1964-74 for major quarterly
series), annually, 1947-74; for selected series, monthly or quarter^, 1947-74 (where available). Series added or significant^ revised after the 1975
BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively. Unless otherwise noted, revised monthly data
for periods not shown herein corresponding to revised annual data are available upon request.
The sources of the data are given in the 1975 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and
are also listed alphabetically on pages 187-88. 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.
1975
Unless otherwise stated in footnotes below, data
through 1974 a n d descriptive notes a r e a s shown in
the 1975 edition of B U S I N E S S S T A T I S T I C S

1977

1976

1974

1976

IV

I

II

III

IV

I

II

III

IV

Annual total
Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
Gross national product,totalf--

__bil.$__

1, 516. 3 1, 691. 6

1,372.7

1,399.4

1,431.6

1,449.2

1,446.2

1,482.3

1,548.7

1,588.2

1,636.2

1,675.2

1,709.8

1,745.1 1, 796. 1

973. 2 1,079.7

Personal consumption expenditures, total..do

853.3

878.7

906. 8

911. 1

933. 2

960. 3

987.3

1,012.0

1,043.6

1,064.7

1,088.5

1,122.0 1,159. 1

Durable goods, total 9
do
Motor vehicles and parts
do
Furniture and household equipment...do
Nondurable goods, total 9
do
Clothing and shoes
do
Food
do
Gasoline and oil
do

131.7
53. 2
57.6

156.5
70.7
63.0

118.6
46.2
53.7

122. 5
48.5
54.9

128.0
53. 0
55.7

117.4
43.7
54.4

122. 1
47.6
54. 6

127.0
49.5
57.0

136. 0
56.3
58.2

141.8
59. 2
60.6

151.4
68.0
61.2

155.0
70.4
62.3

157.6
71.7
62.9

162. 0
65." 6

174. 0
83. 6
66.6

409. 1
70.0
209. 5
38.9

440.4
75.4
224.4
41.5

360. 6
64. 2
181.5
31.8

371. 9
65.0
186.4
36.2

383. 8
66.2
193. 7
38.0

388.5
65.0
198. 0
39. 3

394. 4
66.6
203. 2
37. 9

405.8
69. 3
207. 8
38.6

414.6
71.3
211.8
39. 2

421. 6
73.0
215. 2
39.9

429. 1
73.5
219. 2
40.1

434.8
73.2
223.1
40.3

441.8
75.9
225. 2
41.6

456. 0
79. 0
230. 2
44.1

464.7
78.9
236. 4
44.2

Services, total9
Household operation
Housing
_
Transportation

do..
do..
do..
do.

432. 4
63. 9
150. 2
34.0

482.8
72.1
165.8
37.5

374.1
52.8
131. 8
29. 7

384.3
55. 3
134. 6
30.6

394. 9
57.5
137.8
31.6

405.2
59. 1
141.3
32.5

416.7
61.2
145.0
33.3

427. 4
63.7
148.4
33.6

436.7
65.0
151.8
34.1

448.6
65.9
155.8
35.0

463. 2
68.4
159. 7
36.5

474.9
69.6
163. 9
37.0

489.1
72.8
167.8
37.8

504. 0
77.3
171.8
38.6

520. 4
79. 7
176. 6
39.8

Gross private domestic investment, total.-.do_.

183.7

239. 6

216. 4

218.8

213. 3

211.5

172. 4

164.4

196.7

201. 4

229. 6

239.2

247.0

242. 8

267. 9

227.7
160.0
55.3
104.7

203. 8
145.1
52. 4
92. 7

205.8
149. 0
54.8
94. 2

206. 0
150.9
54.1
96.8

201.7
151.9
55.2
96.7

194. 6
148.0
53.1
94. 9

194.3
145. 8
51.2
94.6

198.6
146. 1
51.8
94.3

205. 7
148.7
52.1
98.6

214.7
153.4
53.2
100.2

223. 2
157. 9
54.9
103.0

231.9
163.0
56.0
107.0

241.0
165. 6
57.0
108.6

254. 1
173. 9
56. 6
117. 4

_
_

_

Fixed investment
Nonresidential
Structures
Producers' durable equipment

_do
do
..do
..do

54.1
95.1

198. 3
147.1
52.0
95.1

Residential
Change in business inventories
Nonfarm

do.
do.
...do.

55.1
10.7
12.2

51.2
-14.6
-17.6

67.7
11.9
11.9

58.7
12.6
14.5

56.8
13.0
13.9

55.0
7.3
7.4

49.8
9.7
12.9

46.6
22 2
-25^6

48.6
-30.0
-31. 2

52.6
-2.0
-4.2

57.0
-4.3
-9.5

61.3
14.8
12.7

65.3
16.0
17.3

68.9
15.1
15.6

75.5
1.7
2.2

80.2
13.8
13. 0

Net exports of goods and services
Exports
Imports

do..
do..
..do..

7.5
144.4
136. 9

20.5
148.1
127. 6

6.6
162.7
156.0

15.0
133. 2
118. 2

3. 9
142. 2
138.3

2.9
148.4
145.5

8.1
153.8
145.7

15.0
147.5
132. 5

24. 4
142.9
118.5

21.4
148. 2
126.8

21.0
153.7
132. 7

8.4
154.1
145.7

9.3
160.3
151.0

4.7
167.7
163.0

4.2
168.5
164.3

—9. 3
170. 5
179. 8

303. 3
111.6
77.3
191. 6

339. 0
124. 4
84.3
214. 5

305. 6
133.4
88.2
232.2

288.0
106.1
74.9
181.9

298. 0
108. 9
75.9
189.1

308.6
113.5
78.2
195.1

318.5
118.1
80.2
200. 4

325. 6
120.3
82. 0
205. 3

333. 2
122. 4
83.4
210. 9

343. 2
124. 6
84.6
218. 6

353. 8
130. 4
87.1
223.4

354.7
129. 2
86.2
225. 5

362. 0
131. 2
86.9
230.9

369. 6
134. 5
88.5
235.0

376. 2
138. 9
1)1.3
237.4

378. 5
138. 2
91. 5
240.3

1,531.0 1, 679. 7
696. 3
748.3
266. 5
297.8
429. 8
450.5
692. 5
772.0
142. 1
159.3

1,360.0
608.4
232. 3
376. 1
605.1
146.5

1,386.4
621. 9
240. 6
381.3
614.6
150.0

1,424.2
643. 0
247. 6
395. 4
633. 8
147.4

1,439.4
642. 8
240. 2
402.6
652. 8
143.8

1,468.4
664.8
249.5
415.3
666.3
137. 2

1,512.3
691. 0
263. 8
684! 2
137.1

1,550.6
705.4
272. 0
433. 4
700. 2
145.0

1,592.5
724.0
280. 6
4 43. 3
719. 5
149.1

1,621.4
727. 5
288. 3
441.1
742. 6
151.3

1,659.2
742. 4
295. 8
446.6
759. 6
157.3

1,694.7
751.0
301. 4
449. 6
781. 5
162.2

11.9
2.7
9.2

12.6
6.6
6.0

13.0
2. 2
10.8

7.3
5.1
2.3

9.7
14.5
-4.7

22 2
-15?4
-6.8

-30.0
-15.3
-14.7

-2.0
-7.0
5.0

-4. 3
-10.6
6.3

14.8
-3.6
18.5

16.0
5.4
10.6

15.1
6.8
8.3

1,191.7 1, 264. 7

1,230.4

1,220.8

1,212.9

1,191.7

1,161.1

1,177.1

1,209.3

1,219.2

1,246.3

1,260.0

1,272.2

761.8

761.9

767.5

775.3

783.9

800.7

808.6

815.7

829. 7

843.8

118.0
309. 5
356. 4

124. 3
314.6
361.8

125.2
317.6
365.8

126. 2
318. 9
370.6

127. 6
325. 9
376. 2

134. 9
326. 8
382. 1

Govt. purchases of goods and services, total .do
Federal
_
do
National defense
_
do
State and local
do
By major type of product:!
Final sales, total
Goods, total
,
D b l
Durable goods
_ d
Nondurable g .
goods.
Services
Structures

__

Change in business inventories..
D urable goods
Nondurable goods

do
do
do
d
do
do
do
do
do..
do.
do.

1,402.5
629. 0
240. 2
388. 9
626. 6
146.9
10.7
7.1
3.6

-14.6
-12.1
-2.6

1,743.4 1,782.4
78!). 1
772. 5
325. 6
307.7
463. 6
464. 8
824. 3
804.4
169. 0
166.5
1.7
2.0
-.3

13.8
8.2
5.6

GNP in constant (1972) dollars!
Gross national product, totalf..

l>il. $

Personal consumption expenditures, total, .do
Durable goods
Nondurable goods
Services

do.
do.
do..

Gross private domestic investment, total...do
Fixed investment
Nonresidential
Residential
Change in business inventories
Net exports of goods and services

do
do
do
do
do..

Govt. purchases of goods and services, total, do
Federal
do
State and local
do

1,214.0

770.3

112. 3
303. 5
343.4

111.9
306.1
352.4

125.8
319.3
368.6

114.9
305.1
341.8

115.0
301. 0
342. 9

116.1
304.9
343.7

103.1
299. 8
345.1

106.0
300. 6
348.0

108.4
307. 2
351.8

115.1
306.8
353.4

182.0

137.8

170.9

194.8

187.9

176.2

169.1

129. 3

126.2

148.7

147.0

167.1

171.7

175.2

169. 8

183. 1

173.5
128. 5
45.0
8.5

149. 8
111.4
38.4
-12.0

162. 8
115.7
47.1
8.1

183.4
133.5
49.9
11.4

178.5
131.6
47.0
9.4

171.1
127. 3
43.9
5.1

161.1
121. 8
39.3
8.0

149. 8
114.4
35.4
-20. 5

147.4
110.6
36.8
-21. 2

149.7
110.1
39.6
-1.0

152. 5
110.5
41.9
-5.5

156.7
112.6
44.1
10.4

160.6
114.9
45.7
11.1

165. 0
117.5
47.4
10.2

169.0
117.9
51.1
.9

173.
122.
51.
9.

813.7

764.7

748.1

754.6

9
3
6
2

16.5

22. 6

16.0

18.4

14.9

14.9

17.7

20.1

24.3

22.8

23.1

16.6

16.0

15.7

15.5

10. 9

256.4
95. 3
161.1

261. 0
95.7
165.2

264.1
96.7
167.4

255. 4
95.3
160.1

256.1
94.7
161.4

257.1
95.8
161.3

256. 9
95.4
161.5

257. 1
94.8
162. 2

259.1
95.3
163.8

262. 4
95.6
166.9

265. 2
97.2
168.0

261. 9
95.4
166.6

263.6
96.0
167.7

265.5
97.3
168.2

265. 3
98.1
167.3

262.4
96.4
166.0

r
Revised.
p Preliminary.
| Revised series. Estimates of national income and
product and personal income have been revised back to 1973 (see p. 24 ft. of the July 1976




1,280.4 1, 300. 3

759. 1

SURVEY); revisions prior to May 1975 for personal income appear on p . 33 of the July
1976 SURVEY.
9 Includes data for items not shown separately.

S-l

SURVEY OF CUEEENT BUSINESS

S-2
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes areas shown in
the 1975 edition of BUSINESS STATISTICS

1974

I 1975

1976

Annual total

III

1976

1975

1974
II

May 1977

IV

I

II

III

IV

I

1977

II

III

IV

I

II

138.14
137.4
r 128. 9
142.4
136.2

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCTf—Con.
Quarterly Data Seasonally Adjusted at Annual Rates
fmplicit price deflators :t
Gross national product .Index, 1972=100
Personal consumption expenditures
do
Durable goods
.do....
Nondurable goods
. do_.
Services
do
Gross private domestic investment:
Fixed investment
do
Nonresidential
do
do
Residential
Govt. purchases of goods and services
Federal
State and local

do
dn
do

National income totalf

bil $

Compensation of employees, total.
Wages and salaries total
Govt. and govt. enterprises
Other
Supplements to wages and salaries

.do—
An

do
fin
Ho

Proprietors' income with inventory valuation
and capital consumption adjustments,
total
™' $
Farm
do
fin
Nonfarm
Rental income of persons with capital consumption adiiistment
bil $
Corp. profits with inventory valuation and capital consumption adjustments, total
bil. $_.
Corp. profits with invent, val. adj.:
Domestic total
^n
do
Financial
do
Nonfinancial total 9

116.41
116.9
108. 3
124.0
113.5

127. 25
126. 3
117.7
133.7
122.7

133. 75
132.7
124.4
138.0
131.0

114.64
115.3
106.5
122.3
112.1

118.03
118.6
110.2
125. 9
114.9

121. 60
121.8
113.8
129. 6
117.4

124.55
123. 7
115. 1
131. 2
119.7

125.93
125.1
117.1
132.1
121.5

128.07
127. 3
118. 2
135.1
123. 6

130. 27
129.1
120.2
136.2
125.9

131. 29
130.3
121.8
136.4
128. 0

132.96
131.7
123.8
136.9
129.8

134.40
133.4
124. 9
138.5
132. 0

136.30
135.2
127.0
139. 9
134.0

117.7
116 1
122. 3

132.4
132 1
133.2

139.9
138.2
143. 9

115.3
113.2
121.0

120.3
118.6
125.3

125.2
124.7
126.7

129. 9
129. 4
131.5

131. 9
131.8
132.1

132.7
132. 7
132.8

134.9
134. 5
135.9

137.0
136. 2
139.0

139.0
137.5
142.9

140.6
138.7
145.3

142. 7
140.5
147.7

118.3
117.1
119.0

129.9
130.0
129.8

138.4
138.0
138.7

116.4
114.9
117.2

120.0
118.4
121.0

124.0
123.8
124.1

126.7
126.8
126.5

128.6
128.4
128. 7

130.8
130.4
131.0

133.4
134.2
132.9

135.4
135.4
135.4

137.3
136.7
137.7

139. 2
138. 3
139. 7

141.8
141.6
141. 9

1,135.7

1,207.6

1,348.4

1,125.6

1,147.6

1,156.3

1,149.7

1,182.7

1,233.4

1,264.6

1,304.7

1,337.4

1,362.5

1,389.3

1,431.4

888.8
775.6
161.1
614.4
113.3

901.8
786.0
166.7
619. 3
115.8

904.0
785.8
170.0
615.7
118.2

912. 9
792.8
173.8
619. 0
120.1

935.2
811.7
177.3
634.4
123.5

963.1
836.4
182.2
654.1
126.7

994.4
861.5
185.4
676.1
132. 9

1,017.2
881.1
188.7
692.4
136.2

1,037.5
897.8
191. ?
706.1
139. 6

1,064.5
921. 0
197. 0
723. 9
143.5

1,097.7
' 947.1
200.0
' 747.1
r 150. 5

r
r
r

146. 1
142.2
155. 3

144.2
' 143. 3
' 144. 8

875.8
764 5
160.4
604.1
111.3

928.8
806 7
175.8
630.8
122.1

, 028.4
890 4
190.7
699.7
138.0

866.3
756.7
158.1
598. 6
109. 6

86.9
25.8
61.1

90 2
24.9
65.3

96 7
22 8
73.8

85.0
24.6
60.4

86.0
23.8
62.2

85.5
23.3
62.2

81.1
17.9
63.2

86.8
24.1
62.7

95.5
29. 2
66.3

97.2
28.3
69.0

93.2
21.9
71.4

100.3
27.5
72.8

96.1
21.7
74.4

97.1
20.3
76.8

r 103. 6
24.0
r 79. 6

21.0

22.4

23.5

20.6

21.0

21.5

21.9

22. 3

22.4

22.9

23. 3

23.1

23.4

24.3

25.1
2

84.8

91.6

117.8

87.8

81.7

74.1

69.0

86.6

105.3

105.6

115.1

116.4

122.0

117.8

P116

76.7
14.1
62.6
36.9
11 9

97 0
12.9
84 1
46 4
17 2

125
14
111
64
27

8
4
4
3
6

80.8
14.0
66.8
39.0
12.1

75.1
14.6
60.5
37.7
10.7

69.5
13.1
56.3
31.6
9.0

72.1
13.9
58.2
29 7
8 4

91.7
12.5
79.2
43.5
14.8

111.4
12.1
99.3
57.0
24.3

112.7
12.9
99.8
55.3
21.1

121.9
14.0
107.9
61.2
23.7

125.0
13.8
111.2
66.4
30.7

130.5
14.4
116.0
67.2
29.6

125.6
15.4
110.3
62.3
26.5

p 125. 6

6.0
11.2

7.9
6 2

9.9
7 5

6.4
9.0

6.3
10.1

5.7
11.0

5.0
5.5

7.3
6.3

9.5
6.5

9.7
6.4

8.6
7.7

9.5
6.8

10.7
7.2

10.8
8.5

P7.

127.6
52.4
75.2
30.8
44.4

114 5
49.2
65.3
32 1
33.2

147 9
64.4
83.6
35 1
48.4

126.4
53.0
73.3
30.7
42.6

138.6
57.6
81.0
31.3
49.7

119. 2
48.6
70.6
31.1
39.5

94. 2
40.2
54.0
31.7
22. 3

105.8
44.8
61.0
31. 9
29.1

126.9
54.8
72.1
32.6
39.5

131.3
57.2
74.1
32.2
41.9

141.1
61.4
79.7
33.1
46.6

146.2
63.5
82.7
34.4
48.3

150.2
65.1
85.1
35.4
49.7

154.2
67.4
86.8
37.7
49.1

p 156. 3
P68. 6
P87. 6
37.6
p 50. 0

- 39.8
-3.0
67.1

—11 4
-11.5
74 6

—14 6
-15.5
82 0

-36.6
-1.9
65.9

-53.4
-3.5
70.0

38.8
-6.3
73.2

— 16.5
-8.6
73.7

-7.8
-11.4
74.0

-9.0
-12.6
74.9

-12.3
-13.5
75.8

-11.5
-14.5
78.6

-14.4
-15.4
80.3

-12.6
-15.7
83. 5

-20.0
-16.4
85.6

-23.1
-17.0
T
88. 9

Personal Income, total

bil. $.. 1,153.3 1,249.7 1,375.3

Equals: Disposable personal income

.do....

1,136.8
167.4
969.5
901 6
67.8

1,172.5
174 5
998.0
930 4
67.6

1,194.1
178 3
,015.8
935 0

80 8

1,203.1
179 3
, 023. 8
956.7
67 2

1,230.3 1,265.5 1,299.7
142. 2
174.0
179.8
, 088. 2 1,091.5 1,119.9
983 6 1 011 1 1 036 2
104.5
80.5
83.7

1,331.3
183.8
, 147. 6
068 0
79.5

1,362.0
189.5
1,172.5
1,089.6
82.9

1,386.0
195. 8
1,190.2
1 114 3
75.8

do

Transportation, communication and
electric, gas, and sanitary serv- - ..bil. $.Rest of the world
Profits before tax total
Profits tax liability
Profits after tax .
Dividends
Undistributed profits

do
do

do...
do

.do—

Inventorv valuation adiusfment
Capital consumption adjustment
Net interest

do
do

P15.8

v 109. 8

5

DISPOSITION OF PERSONAL INCOME f
Quarterly Data Seasonally Adjusted at Annual Rates
170 4
982.9
910.7
72 2

193 6
168 8
1,080.9 1,181.7
996.9
76 5
84.0

1,421.7 '1,464.0
205.3 r 218. 2
1,216.5 '1,245.8
1,148.6 '1,186.1
67.8
r 59. 7

NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries..
. .
Manufacturing
Durable goods industries 1
Nondurable goods industries U

do
do
do

112.40
46.01
22.62
23.39

112. 78
47 95
21.84
26.11

120 49
52 48
23.68
28.81

28.16
11.27
5.59
5.69

28.23
11.62
5.65
5.516

31. 92
13.63
6.64
6.99

25.82
10.84
5.10
5.74

28.43
12.15
5.59
6.55

27.79
11.67
5.16
6.51

30.74
13.30
5.99
7.30

25.87
10.96
4.78
6.18

29.70
12.66
5.61
7.05

30. 41
13.48
6.02
7.46

34.52
15.38
7.27
8.12

129.00
12.42
5.60
6.82

i 33.38
14.48
6.67
7.81

do
do
do
do
do

66.39
3.18
2.54
2.00
2.12

64 82
3.79
2 55
1.84
3.18

68 01
4.00
2 52
1.30
3.63

16.89
.78
.64
.61
.49

16.61
.80
.64
.43
.58

18.29
.91
.78
.48
.71

14.98
.91
.59
.44
.62

16.28
.97
.71
.47
.77

16.12
.94
.62
.50
.85

17.44
.97
.62
.43
.93

14.91
.92
.49
.26
.72

17.04
.99
.68
.42
1.02

16.93
1.04
.64
.26
.95

19.14
1.05
.70
.35
.94

16.59
1.03
.56
.39
.60

18.89
1.07
. 68
.43
.62

do
do

20.55
17.63
2.92
13.96
22.05

20.14
17.00
3.14
12.74
20.60

22.28
18.80
3.47
13.30
20.99

5.30
4.56
.75
3 60
5.46

5.20
4.42
.78
3.39
5.57

5.67
4.80
.87
3.78
5.97

4.42
3.84
.58

5.07
4.16
.91
3 14
5.00

5.70
4.85
.85
3 26
5.52

4.79
4.18
.62
2 92
4.82

5.50
4.74
.76
3.21
5.21

5.52
4.54
.98
3 33
5.19

6.46
5.34
1.12
3 84
5.78

5.35
4.60
. 75

6.60
5.53
1.07

4.88

4.94
4.15
.79
3 22
5.19

2 8.67

2 9.49

111.40
45.32
22.50
22.82

113.99
47.04
23.08
23.96

116.22
48.08
23.28
24.80

114.57
49.05
22.86
26.20

112.46
48.78
22.59
26.19

112.16
47.39
21.01
26.38

111.80
46.82
21.07
25.75

114.72
49.21
21.63
27.58

118.12
50. 64
22.54
28. 09

122.55
54.78
24.59
30.20

66.08
3.07
2 42
2.21
1.84

66.94
3.27
2.68
1.84
2.16

68.14
3.56
3.05
1.81
2.71

65.52
3.76
2.39
2.09
2.82

63.68
3.78
2.70
1.60
2.75

64.76
3.82
2.75
2.12
2.99

64.98
3.82
2.39
1.65
3.56

65.51
3.83
2.08
1.18
3.29

67.48
3.83
2.64
1.44
4.16

67.76
4.21
2.69
1.12
3.44

70.78
4.13
2.63
1.41
3.49

73.02
4.26
2. 37
1.76
2.87

74.81
4.16

20.16
20.97
Public utilities
do
18.10
17.47
Electric
do
2.68
2.87
Gas and other
.
13.94
14.01
Communication
"do"""
21.63
22.84
Commercial and other
r
Revised.
v Preliminary.
i Estimates (corrected for systematic biases) for Jan.Mar. 1977 and Apr.-June 1977 based on expected capital expenditures of business. Expected
expenditures for the year 1977 appear on p. 31 of the March 1977 SURVEY.
2 includes
communication.
fSee corresponding note on p. S-l.
9 Includes data for items not
shown separately.
©Personal outlays comprise personal consumption expenditures,

20.93
17.76
3.17
14. 04
22.04

20.28
17.03
3.25
13.36
20.82

19.52
16.41
3.11

19.79
10.58
3.21

21.85
18.82
3.03
19 6'^
20. 94

21.67
18.22
3. 4o
13 64
20.99 i

23.46
19.49
3.96
14 30
21.36

26.20
21.96
4.24

20.34

21.91
18.56
3.36
12.54
20.68

24.52
20.44

20.83

20.91
17.92
3.00
12.22
20.44

Nonmanufacturing..
Mining...
Railroad
Air transportation.
Other transportation

bil. $

.

Public utilities
Electric
Gas and other
Communication
Commercial and other _
Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing
Durable goods industries |
Nondurable goods industries 1
Nonmanufacturing.
Mining.
Railroad
Air transportation
0 ther transportation




. do...
__do
do
__do-.-do.-do

_.do—.
do
.

do
do

do

125.22 1129.19 i132.71
54.44
56.17
25.50
25.33
26. 77
28.93
30.84
31.13

4.08

1.45
2.45

2 3~7~.2"5 2 37.87

interest paid by consumers to business, and personal transfer payments to foreigners (net).
§ Personal saving is excess of disposable income over personal outlays.
*|Data for individual durable and nondurable goods industries components appear 111 the
Mar., June, Sept., and Dec. issues of the SURVEY.

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