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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
IF 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
o 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 (|), respectively; certain revisions for 1960 issued too late for inclusion in the aforementioned volume appear in the monthly
>URVEY beginning with the July 1961 issue. Except as otherwise stated, the terms "unadjusted" and "adjusted" refer to adjustment for seasonal
'ariation.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided
brought the courtesy of the compilers, and are subject to their copyrights.
Jnless 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

I

IV

II

1962

| III

IV

I

II

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS^Quarterly Series
NATIONAL INCOME AND PRODUCTf
bil. $

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

Wages and salaries, total
Private
Military _ . _ _
_ _ _ _ _ _
Government civilian

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

Supplements to wages and salaries

do

national income, totalf
Compensation of employees, total

Proprietors' income, total cf
do.
Business and professionalcf
d(
Farm
_
_
do
Rental income of persons
d(
Corporate profits and inventory valuation adj istment total
bil $

20.1

22 A

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

d(
dc
do
do

47
9
3
94
—

7
2
5
5

45.4
22 4
93 o

51.9

49.2
24 3
9
4 9
— .6

46.4
22 9
9
35

43. 3
91 4

?6 6
-1.3

46.5
22 6
9
39
-.5

45. 3
22 0
9
33

9

45. 6
22 3
9
33
.0

_ 9

1.2

42.8
21 1
21 7
.5

39.8
19 4
9
03
.3

44.8
21 9
29 9
2

46.3
22 6
23 7
-.3

51.4
25 1
9
6 3
-.3

50.1
24 4
25 6
.3

50. 9
24 9
26 1
2

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

03

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 0
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
1 9. 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

192 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

196 8
18 8
40. 3
10. 5

1°8 9
19 2
40.9
10. 6

131 5
19 6
41. 7
10 6

132
19
42
10

134
20
42
10

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
21
45
11

146. 3
21 8
45.7
11. 5

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

Durable goods, total 0
do
Automobiles and parts _ _ _
.__ -do. __
Furniture and household equipment. _ _ d o
Nondurable goods, total 0
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil _
_
Services total 0
Household operation
Housing
Transportation
____

do.
do
do
do. _
do
do
„ ._ _ do
do __

Gross private domestic in vestment, total

do

95 9

91 9

8
7
2
6

2
0
6
7

9

1
3
2
5

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
9
2 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
2 1
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

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

do, ..
do
do
do_ _
do
do

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

4
2
9
3
7
4

501.5
254 9
94 8
160. 1
189 9
56 8

504.4
254 1
94 2
160 0
193 1
57 2

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

do. _.
do
do

6.6
3.5
3.1

4.1
2.3
1.8

21
.0
2.1

11 5
81
3.5

11
-2.0
3.1

71
2.6
4.5

10 8
8.6
2.2

4 4
2.8
1.6

2 1
1.0
1.1

—11
-3.3
2.2

-3 6
— 5.5
1.9

21
-1.3
3.4

4.0
3.4
.6

6 0
3.5
2.5

6 7
3.5
3.1

4 0
1.9
2,2

New construction.
clo
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
Durable goods
Nondurable goods _
Services
Construction
Inventory change, total
Durable goods
_
Nondurable goods

__.

_._

r
Revised.
tRevised series. Estimates of national income and product and personal
income have been revised back to 1959; revisions prior to May 1961 for personal income appearon p. 13 of the July 1962 SURVEY.
^Includes inventory valuation adjustment.
©In-




500.
256
96
159
187
56

cludes data not shown separately.
9 Government sales are not deducted,
data back to 1947, see p. 35 of the July 1962 SURVEY.

*For quarterly

s-1

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 1 196)

1959
IV

Annual total

October 1<>
1961

1960
I

II

Ill

IV

I

II

1962
III

IV

I

II

III

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 total t
- -bil. $

428.6

440.2

447.9

431.1

440.9

442. 3

439. 7

437. 7

433. 9

443. 9

4,50. 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

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
120.0

44.4
144.9
121.4

44.1
147.0
122.8

44.6
148. 1
124.1

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

34.3
22.7
3.7

34.8
21.1
2.0

33.6
21 8
6.6

34.6
22.6
9.6

34.2
23.3
4.0

34.0
22.7
1.9

34. 3
22. 2
-.7

33.0
20.1
-3.0

34.3
20.2
2.0

35.6
21.3
3.5

36.1
22.7
5.4

34.6
22.8
5.9

36.7
23.8
3.7

1.0

1.5

3.3

3.5

1.7

.7

1.4

1.3

Nondurable goods
Services

_

do_ _
do

._

Gross private domestic investment, total_._do

Change in business inventories

do

34.4
21.4
5.9

Net exports of goods and services

do

-2.1

1.5

1.8

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

427.3
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

•)9 9

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

9.50

i 9.46

210.1'

3.02
1.44
1.57

3.02
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.S8
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

3.69
1.77
1.92

3.61
1. 74
1.87

4.1;
2.0:

25
.'S
.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

.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

97
.26
.60
1. 37
3.30

. 28
. 47
1.49
3. 38

2<
. 1!
. 5:
1.5!
3. 5*

do. _.

33. 58

35. 15

36.30

35. 90

35. 50

33.85

33.50

34. 70

35.40

35. 70

36. 95

137.75

237.9;

do

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

14.20
6. 55
7.60

14.45
6.95
7. 50

14. 65
7. 05
7. 60

1 4. g;

1.04
.85
2. 1 5
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

1.05
.95
2. 25
5.40
12. S5

1.10
.95
1.90
5. 55
13. 55

l.lf
. 71
1.9f
5. 5C
13. 7C

New construction

_

.

do

Government purchases of eoods and services, total
Federal
State and local

bil. $..

- do
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 ^avin^ §
do_ ..
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals or averages:
All Industries
bil. $.
Manufacturing
Durable goods industries
Nondurable goods industries

_ __ .do_
do
do

Mining
"Railroads
_
Transportation other than rail
Public utilities
_
Commercial and other

do
do, _.
do
do. _
do__.

Seas. adj. qtrly. totals at annual rates:
All industries
_
Manufacturing
Nondurable goods industries

do

Mining

do

Transportation other than rail
Public utilities

do
do

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

-1.1

4, 583

•» 4. 658

3

4. 713

4, 670

4, 690

4,710

4. 720

4, 730

4,740

4, 750

4. 760

4. 770

4.780

31,317

31. 805

7, 541

7,549

7, 690

8, 000

8, 078

7, 690

7,411

8, 082

8, 622

8,291

2.1

7. 7(

4,790

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

: :

8,030

3

Imports:
Merchandise
Military expenditures.
Other services
Remittances and pensions
Govt. grants and capital outflows

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, 402
878
4,051

3, 802
754
1.300
196
741

3, 801
771
1, 347
204
708

3. 836
758
1,375
205
833

3, 664
797
1, 368
211
826

3, 422
7 92
1, 327
222
978

3. 369
770
1,309
221
962

3, 417
756
1,337
221
804

3.840
699
1.388
210
1.094

3,888
722
1,428
220
1,191

3.920
752
1.388
234
1, 050

4, 032
743
1, 405
222
1,032

U.S. private capital
Direct investments
Long-term portfolio
Short-term

do
do
do
do

2, 375
1.372
920

3, 882
1, 694
850
1 , 33S

3, 953
1. 475
1,000
1, 472

08K
304
202
122

658
324
230
98

083
271
209
203

1,134
415
170
549

1. 407
084
235
488

1,059
457
120
482

876
209
218
389

845
429
194
222

1,173
320
474
379

947
229
398
320

330
-111

do

25, 393

27, 984

29, 940

6,715

6, 805

7, 055

7, 002

7, 002

7, 400

7, 953

0. 979

7, 614

7,709

7,983

do
do.
do
do

16.282
7, 194
1.054
803

19,459
7, 554
030
335

19,915
8. 151
1, 274
000

4, 195
1,901
430
189

4, 657
1,827
170
211

4, 870
1. 909
147
123

4, 940
1,843
172
47

4, 980
1, 975
147
-46

5, 061
2, 008
133
198

4,768
2, 000
851
274

4. 940
1.951
81

5, 146
2,132
209
127

5,070
2.189
160
4
290

5, 345
2,307
237
94

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

— 820

-684

U.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 (— ) _ _ _ d o
Unrecorded transactions

_ _

_

do

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

do

412

-592

-002

-3, 743 -3. 925 -2,401
335

— 5'? 4

199

230

-590

-635

-998

-1,016

—290

-18

-117

-194

-263

—29

— 702

-752

985

— 881
— 7( 12
Total, excluding special transactions
_ _ do. . — 4, ( >78 ' — 3, 40 1 — 2, 590
r
Revised.
v Preliminary.
1
Estimates for July-Sept. 1962 based on antici nited 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 gooc s industries,
7.59; mining, 1.10; railroads, .83; transportation, 2.06; public utilities. 5.43; commercial and
other, 13,16.
?

Unadjusted. Data represent firms in operation as of J; n. 1; t s t m a l e for Jan. 1, 1962



80

-1,192 -1,279
414

-319

542 — 1, 103 -1,008

-306
170
724

193

-910
— 75

-400

-1,408
-520

-582

_:::::

596

— 47

106

-171

-476

-218

100

-672 -1,192
-835
-319
-548
-835
-888
-576
-295
(based on incomplete data) is 4,7 52,000.
* Includes chan ges in no illiquid Govt. liabilities.
t See corresponding note on p. S-l (i evisions prior to 3d qtr. ] 959 apr. _ar on i. 8 ft*, of
the July 1962 SHKVEY.)
§ Persona saving is excess o disposa ole inconle over p ersonal c on sum pi ion expenditures
shown as a component of gross n ational procluct o n p. S-l.
£ Revised effective w r ith th .' June 1 )02 Sum EY; revi sions pri Dr to 3d qtr. 1959 will he
a vail a >le later.

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