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Gross National Product 1962 1961 1960 1961 1962 IV I II 1962 1961 III IV 1960 1961 1962 IV I II III IV Seasonally adjusted at annual rates TABLE I.— GROSS NATIONAL PRODUCT (1-3, 1-4) Gross national product - Personal consumption expenditures _. _ _ Durable goods__ _ __ Nondurable goods Services __ __ _ ___ _ Gross private domestic investment New construction Residential nonfarm Other Producers' durable equipment... Change in business inventories Nonfarni__ Farm Net exports of goods and services Exports Imports Government purchases of goods and services Federal National defense Other _. Less: Government sales __ State and local Billions of dollars 503. 4 518.7 553.9 538.6 545. 0 552.0 555.3 563.5 503.4 518.7 553.9 141.2 130.8 138.1 136. 4 148.5 328. 5 338.1 356.7 346.1 350.2 354.9 358.2 363.5 328.5 338.1 356. 7 93.3 83.1 88.1 87.4 98.1 44.8 151.8 131.9 43.7 155. 2 139.1 47.5 162.0 147.1 46.6 157. 2 142.3 46.3 159. 9 144.1 47.2 161.3 146.3 47. 1 163. 0 148.1 49.6 163.9 150. 1 44.8 151.8 131.9 43.7 155. 2 139.1 47.5 162.0 147. 1 13.6 44.5 35.2 10.3 36.4 36.4 11.9 39.6 36.5 10.8 39.7 37.0 14.6 46.4 37.2 72.4 69.3 76.6 76.6 75.9 77.4 76.3 76.2 72.4 69.3 76.6 18.5 19.0 19.8 19.0 18.8 40.7 41.6 44.5 43.2 41.6 44.5 46.1 45.0 40.7 41.6 44.5 11.0 9.0 11.5 12.5 11.5 21.1 19.7 21.0 20.5 23.3 21.2 22.8 20.4 21.2 20.5 23.3 21.2 24.3 21.8 23.8 21.3 21.1 19.7 21.0 20.5 23.3 21. 2 5.7 5.3 4.4 4.6 6.3 5.2 6.6 5.8 5.9 5.5 27.6 25.5 28.9 27.4 27.6 28.9 29.2 29.9 27.6 25.5 28.9 7.2 6.3 7.8 6.9 7.9 4.1 2.1 3.2 6.0 6.7 4.0 1.0 1.2 4.1 2.1 3.2 .2 3.6 .6 -.4 -.6 3.7 .3 1.9 .2 3.2 .1 5.9 .1 6.6 .1 3.9 .1 1.0 .0 1.1 .1 3.7 .3 1.9 2 3.2 .1 .2 .0 3.6 .0 .5 .0 -.4 .0 -.6 .0 2.9 4.0 3.3 3.8 3.7 3.7 2.5 3.2 2.9 4.0 3.3 1.3 .9 1.0 .2 1.2 26.4 23.5 27.3 23.3 28.4 25.2 28.3 24.5 28.2 24.5 29.0 25.3 28.3 25. 8 28.2 25.0 26.4 23.5 27.3 23.3 28.4 25.2 7.4 6.1 6.8 5.9 7.4 6.4 6.8 6.6 7.4 6.2 99.7 107.4 117.3 112.1 115.2 116.0 118.2 120.7 99.7 107.4 117.3 28.1 27.8 29.2 29.9 30.3 53.2 57.0 62.4 59.5 61.9 62.1 62.7 63.4 53.2 57.0 62.4 14.7 15.3 15.6 15.8 15.6 45.7 8.1 .6 49.0 8.7 .6 53.4 9.7 .8 50.8 9.2 .6 53.0 9.6 .6 53.2 9.5 .6 54.0 9.6 .8 54.2 10.1 .9 45.7 8.1 .6 49.0 8.7 .6 53.4 9.7 .8 12.7 2.2 .2 13.1 2.3 .2 13.4 2.4 .2 13.4 2.7 .2 13.5 2.3 .2 46.5 50.4 55.0 52.6 53.3 54.0 55.5 57.3 46.5 50.4 55.0 13.4 12.5 13.6 14.1 14.7 TABLE 2.— GROSS NATIONAL PRODUCT IN CONSTANT DOLLARS, AND IMPLICIT PRICE DEFLATORS (1-5, VII-3) Gross national productPersonal consumption expenditures Durable goods Nondurable goods Services _ _ _ Billions of dollars, unadjusted for seasonal variation Implicit price deflators for seasonally adjusted GNP, 1954=100 GNP in billions of 1954 dollars 118.0 440.2 447.9 471.9 463.4 467.4 470.8 471.6 477.7 114.4 115.8 117.4 116.2 116.6 117.2 117.7 298.3 304.3 318.2 310.6 313.9 316.9 319.0 322.8 110.1 111.1 112.1 111.4 111.6 112.0 112.3 112.6 42.2 141.4 114.7 41.6 143.3 119.4 45.2 148.5 124.5 44.4 144.9 121.4 44.1 147.0 122.8 44.6 148.1 124.1 44.6 149.5 125.0 47.6 149.3 126.0 106.1 107.4 115.0 105.2 108.3 116.5 105.2 109.1 118.2 105.1 108.5 117.3 104.9 108.7 117.4 106.0 108.9 117.9 105.6 109.1 118.5 104.3 109.8 119.1 62.8 60.7 57.8 63.3 64.1 63.3 64.1 62.4 34.3 34.8 36.5 36.1 34.6 36.7 37.7 36.8 118.8 119.6 121.6 119.8 120.4 121.3 122 A 122.5 18.2 16.1 18.2 16.6 19.8 16.8 19.7 16.4 18.2 16.4 19.9 16.8 20.5 17.2 20.1 16.7 115.9 122.0 115.8 123.7 117.7 126.3 116.1 124.3 116.2 125.0 117.3 126.0 118.5 126.9 118.4 127.5 Producers' durable equipment 22.7 21.1 23.8 22.7 22.8 23.8 24.0 24.8 121.6 121.3 121.3 120.7 121.2 121.8 121.8 120.6 Change in business inventories 3.7 2.0 2.9 5.4 5.9 3.7 .8 1.3 3.4 .3 1.8 .1 2.8 .1 5.3 .1 5.8 .1 3.6 .1 .8 .0 1.2 .1 108.1 97.7 108.1 98.8 108.1 98.8 109.1 97.8 108.2 97.4 107.2 96.8 Gross private domestic investment _ New construction Residential nonfarm Other Nonfarm Farm Net exports of goods and services Exports _ Imports _ _ _ _ _ Government purchases of goods and services Federal State and local _ _ _ . __. 1.5 1.8 .5 1.4 1.3 .7 -.3 .5 24.9 23.4 25.3 23.5 26.3 25.7 26.2 24.8 26.1 24.8 26.6 25.9 26.2 26.5 26.3 25.8 105.8 100.3 107.6 99.1 79.8 84.0 89.9 87.2 88.9 89.2 90.5 91.6 125.0 127.9 130.5 128.4 129.5 130.1 130.7 131.7 42.3 37.4 44.5 39.4 48.7 41.2 46.7 40.5 48.3 40.6 48.6 40.6 49.0 41.5 49.3 42.3 125.6 124.2 128.0 127.9 128.2 133.3 127.3 129.7 128.2 131.1 127.8 132.9 128.1 133.7 128.7 135.3 TABLE 3.— GROSS NATIONAL PRODUCT BY MAJOR TYPE OF PRODUCT (1-6, 1-7) Gross national product Final sales Inventory change Goods output Final sales . _ Inventory change Durable goods output Final sales Inventory change Nondurable goods output Final sales Inventory change Services Co ns true tio n Billions of 1954 dollars, seasonally adjusted at annual rates Billions of dollars seasonally adjusted at annual rates 503.4 518.7 553.9 538.6 545.0 552.0 555.3 563.5 440.2 447.9 471.9 463.4 467.4 470.8 471.6 477.7 499 4 4.1 516.6 2.1 550. 6 3.2 532.6 6.0 538.3 6.7 547.9 4.0 554.2 1.0 562.3 1.2 436.5 3.7 446.0 2.0 468.9 2.9 458.1 5.4 461. 5 5.9 467.2 3.7 470.8 .8 476.5 1.3 258.2 259.4 276.9 271.0 274.9 276.7 275.7 280.4 234.0 233.5 247.7 243.7 246.4 247.1 245.8 251.5 254.1 4.1 257.2 2.1 273.7 3.2 265. 0 6.0 268.2 6.7 272.6 4.0 274.7 1.0 279.2 1.2 230.3 3.7 231.5 2.0 244.8 2.9 238.4 5.4 240.5 5.9 243.4 3.7 245.0 .8 250.2 1.3 97.2 95 0 2.3 94.0 94.0 .0 104. 5 102.9 1.6 102.3 98.8 3.5 103.4 99.9 3.5 104.5 102.6 1.9 104.9 103.0 1.9 105. 6 106.4 -.8 85.0 82.9 2.1 82.1 82.0 .1 90.8 89.5 1.4 89.4 86.3 3.1 89.9 87.0 2.9 90.3 88.7 1.6 90.8 89.1 1.6 92.5 93.2 -.7 160. 9 159.2 18 165. 4 163.3 2. 1 172.4 170.8 1.6 168. 8 166.3 2.5 171.5 168.4 3.1 172.2 170.0 2.2 170.8 171.7 -.9 174.8 172.8 2.0 149.1 147.5 1.6 151.4 149.5 1.8 156.9 155.3 1.6 154.4 152.1 2.2 156.5 153.5 3.0 156.8 154.7 2.1 155.0 155.9 -.9 159.0 157.0 2.0 188.6 200.7 214.8 206.6 211.1 213.5 215.9 219.5 158.3 165.2 173.0 168.7 171.8 172.7 173.7 174.3 56.7 58.6 62.1 61.0 59.0 61.8 63.6 63.7 47.8 49.3 51.2 51.0 49.2 51.0 52.1 51.9 SURVEY OF CURRENT BUSINESS National and Personal Income [Billions of dollars] 1962 1960 1 1961 : 1962 IV J J II III IV 1960 | Soasona lly adjusted at annual rates i ; 415.5 427.8 457.5 444.0 448.9 456. 7 459.8 n.a. Compensation of employees 293.7 302.2 321.6 309.9 315. 2 321.7 323.8 325. 8 Wages and salaries Private Military Government civilian J99 7 271.3 278.8 295.8 286.1 289.9 295. 9 297. 8 299. J42.2 222.9 227.0 239.7 232.5 235. 0 240.1 241.4 242.2 10.9 10.6 9.9 10.2 11.0 10.8 11.2 11.2 38. 5 41. 6 45. 2 42.8 43.7 44.6 45.5 46. 9 _ __ Supplements to wages and salaries. __ Employer contributions for social insurance Other labor income Employer contributions to private pension and welfare funds Other Proprietor's income Business and professional . _ Income of unincorporated enterprises Inventory valuation adjustment Farm ._ _ Rental income of persons 22.4 23.4 25. 8 23.8 25. 2 25. 8 25. 9 26. 1 11 4 11.0 12.0 11.4 13.5 12 3 12.2 11.6 13.3 12.0 13.4 12.3 13.5 12.4 13. 6 13.6 12. 5 12.5 8 6 2 4 9 0 2 4 46.2 47.8 49.8 49.5 49.1 49. 5 49.7 50.9 34.2 34. 8 36.8 36.0 36.2 36.8 37.0 37.3 34 2 12.0 34.7 0 13.1 13.6 13.6 12.9 12.8 12.8 13 6 13.6 11.9 12.3 12.8 12.5 12.6 12.8 12.9 12 9 12.9 o 45.6 45.5 51.0 51.1 50.4 50.7 51.0 n.a. Profits before tax Profits tax liability Profits after tax Dividends _ Undistributed profits Inventory valuation adjustment ._ 45.4 22.4 23.0 14.4 8.6 2 45.6 22.3 23.3 15.0 8.3 .0 50.9 24.8 26.0 15. 9 10.1 .2 51.4 25.1 26.3 15.5 10.8 -.3 50.1 24.4 25.6 15.8 9.9 .3 50.9 24.9 26.1 15.8 10.3 2 51.1 24.9 26.1 15.8 10.3 -.1 n.a. n.a. IK'a| n.a. 16.4 na n.a. '.8 .8 _. 18.1 20.0 22.2 21.0 21.5 22.0 22.5 23.0 Net interest . _ _ j 1962 IV 1 II III IV ' Seasonally adjusted at annual ' rates 1 TABLE 11. RELATION OF GROSS NATIONAL PRODUCT, NATIONAL INCOME, AND PERSONAL INCOME, SEASONALLY ADJUSTED AT ANNUAL RATES, (1-17, 1-18) 503. 4 518.7 553. 9 538. 6 545. 0 552. 0 555. 3 Gross national product 563. 5 47.5 48.3 460. 2 473. 4 506. 3 492. 0 498. 0 504.5 507.8 515.3 Loss: Indirect business tax and nontax liability 46.5 48.2 51.6 49. 7 50.2 51.4 51.8 2.1 Business transfer payments 2.1 2.1 2.1 2.1 2.1 2.1 Statistical discrepancy -3.4 -3.1 —3. 3 -1.9 -1.4 -4.0 -4.3 52. 9 2.1 n.a. Less: Capital consumption allowances. 43.2 Equals: Net national product Plus: Subsidies minus current surplus of government enterprises Corporate profits and inventory valuation adjustment 1961 ! i TABLE 8.— NATIONAL INCOME BY TYPE OF INCOME (I-8, 1-9) National income 1962 19(51 ; 1961 ! Equals: National income Less: Corporate profits and inventory valuation adjustment Contributions for social insuranco Excess of wage accruals over disbursements Plus: Government transfer payments to persons Net interest paid by governnient Dividends Business transfer payments Equals: Personal income 45.3 47.6 46. 6 47.0 47.5 1.8 1.6 415. 5 427.8 457. 5 444.0 448. 9 456. 7 459. 8 n.a. .5 1.7 1.7 2.0 1.8 1.8 45.6 45. 5 51.0 51. 1 50. 4 50. 7 51.0 n.a. 20. 6 21. 6 23. P 22.1 23, 6 23.9 24.0 24.2 .0 .0 .0 .0 .0 .0 .0 .0 27.3 31.3 32.4 31. 6 31.9 32.0 32.3 33.5 7.8 14. 4 2. 1 7.3 15.0 2.1 7.4 15. 9 2.1 7.2 15.5 2. 1 7.3 15.8 2.1 7.4 15.8 2.1 7.5 15.8 2.1 7.6 16.4 2.1 400.8 416. 4 440.5 427. 3 432.0 439.5 442.6 448.0 TABLE 12.—PERSONAL INCOME AND ITS USE (II-2) TABLE 9.—NATIONAL INCOME BY INDUSTRY DIVISION (1-11) Personal income AH industries, total Agriculture, forestry, and fisheries Manufacturing Durable-goods industries Nondurable-goods industries Wholesale and retail trade Finance, insurance, and real estate Transportation Communications and public utilities. _ Services __ Government and government enterprises Other 415. 5 427.8 457. 5 444.0 448.9 456.7 459.8 n.a. 18.3 n.a. 122 0 121 7 133 2 129 3 130 6 133 6 134 3 72.6 71.4 79.9 77.3 78.1 80.1 80.9 49.4 50.3 53. 3 52.0 52.6 53.5 53.4 68 0 69. 6 73.8 71 4 72 4 74. 1 73.8 42.5 44.7 47.0 45.7 45.9 46. 6 47. 4 17.9 17.9 18.8 18 5 18 7 18.8 18.8 16.7 17.5 18.5 18.0 18.3 18.4 18. 5 na n.a. n.a. na n.a. na n.a, 17.3 18.5 18.5 18.4 19.1 18.3 49.2 51.7 56. 0 53.3 54.4 55. 5 56. 7 n a. 52. 5 29. 4 56.3 29.8 61.0 30.7 58.2 30.5 59.7 30.3 60.6 30.7 61.3 30.8 n.a. n.a. TABLE 10.—NATIONAL INCOME BY CORPORATE AND NONCORPORATE FORM OF ORGANIZATION (1-14) National income - I 415.5 427.8 457.5 444.0 448. 9 456. 7 459.8 1 n.a. Income originating in corporate busi- 9 2 7 4 230.0 246.8 240.2 242 3 247. 1 248. 1 ness n.a. 183 1 185 8 197 o 190 5 193 5 197 8 198 4 Compensation of employees 167.5 169.7 179.3 174. 1 176 0 179. 9 180.4 Wages and salaries Supplements to wages and salaries. 15.6 16.0 17.8 16. 4 17.5 17.9 17.9 199 0 181 0 18. 0 Corporate profits and inventory valuation adjustment _ _ _ _ . Profits before (ax _ _ _ Profits tax liability Profits after tax .... Inventory valuation adjustment. .. Net interest ! ( 43.7 i 43.3 48. 6 i 48. 7 43.6 1 43.4 1 48. 4 i 49.0 22.4 22.3 24.8 25. 1 21.1 21.1 23 6 23. 9 .2 .0 .2 -.3 6 .9 ! 1.0 10 47.8 47.5 24. 4 23. 0 ! '3 i 1 0 48.3 48.5 24. 9 23.6 9 1 0 i 48.7 ! n.a. 48.8 ! n.a. 24.9 n.a. 23.9 n.a. -.11 .8 1 0 1 11 Income originating outside corporate 188.0 ; 197. 8 210.7 j 203. 8 ,206.5 209.6 I211.7 : 215.0 business n.a. Not available. 400.8 416.4 440.5 427. 3 432. 0 439.5 442.6 448.0 Wage and salary disbursements 271. 3 278.8 295.8 286.1 289. 9 295.9 297.8 Commodity-producing industries. 110.4 110.8 117. 2 114.3 115.0 118.1 118.0 87.4 87. 5 93.6 90.7 91.9 94.4 94.1 Manufacturing only 71.8 72.9 76.2 73.9 74.9 76.1 76.5 Distributive industries 40.7 43. 4 46. 3 44.3 45.1 45.9 46.9 Service industries 48.4 51.8 56.2 53.6 54.9 55. 8 56. 4 Government __ . . 29-9. 7 117.8 94.0 77.1 47.3 57. 5 Other labor income 11.0 11.4 12,3 11.6 12.0 12.3 12.4 12.5 Proprietors' income Business and professional . Farm 46. 2 34.2 12 0 47.8 34.8 13 1 49.8 36.8 1 3. 0 49. 5 36. 0 13. 6 49. 1 36. 2 12.9 49. 5 36.8 12. 8 49.7 37.0 12 ° 8 *•-'• 50.9 37.3 13. 6 Rental income of persons 11.9 12.3 12.8 12.5 12. 6 12.8 12.9 12.9 Dividends Personal interest income. - 1 4. 4 25. 8 15.0 27.4 15.9 29. 7 15. 5 28. I 15. S 28.8 15.8 29.4 15.8 30.0 16.4 30.6 Transfer payments Old-age and survivors insurance benefits State unemployment insurance benefits Veterans' benefits Other 29.4 33. 4 34. 6 33.8 34. 1 34. 2 34. 4 35. 7 11. 1 12.6 14.3 13. 4 13. 7 14. 4 14. 5 14. 8 2.8 4.5 10.9 4.0 4.8 12.0 3.0 ' 3.7 4.8 4.8 12. 5 11.9 3.3 4. 8 12 3 2. 7 4. 8 12. 3 2. 7 4. 7 12. 5 3 2 4.9 12. 7 9.2 9 7 9. 9 10. 3 10. 5 10. 5 10. 6 51. 4 44. 0 7.4 52.8 45.0 7. 8 57.0 54.6 49.1 ! 46.7 8. 5 , S. 0 56. 4 48.0 8. 4 57. 7 49. 2 8. 5 58. 5 49.9 8. 6 58.7 50. 1 384. 1 389. 3 Less: Personal consumption expenditures 328. 5 338. 1 356. 7 (346. 1 350. 2 354. 9 358. 2 363. 5 Less: Personal contributions social insurance for Less: Personal tax and nontax payments ... Federal State and local Equals: Disposable personal income Equals: Persona! saving 10. 5 349. 4 363. 6 382.9 1372. 6 375.6 381.8 20.9 25.6 26,2 26. 5 25.4 26.0 25. 8 Addendum: Disposable personal income in constant (1954) dollars 317.3 327. 3 34 l . C 334. 5 330. f> 340. 9 342. 1 i 345. 8 26,9 BUSINESS STATISTICS JL 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 1960 | 1961 1962 1959 IV Annual total 1960 I II 1961 III IV I II 1962 III IV I II III IV Seasonally adjusted quarterly totals at annual rates GENERAL BUSINESS INDICATORS—Quarterly Series NATIONAL INCOME AND PRODUCTf \ationul income, total f bil. $__ Compensation of employees, total __do Wages and salaries, total __ do Private do Military do Government civilian __ do Supplements to wages and salaries do Proprietors' income, totaled1 __ _ -do Business and professionalcf _ do Farm do Rental income of persons do Corporate profits and inventory valuation adjustment total - __bil. $__ Corporate profits before tax, total __ Corporate profits tax liability Corporate profits after tax . Dividends Undistributed profits Inventory valuation adjustment Net interest 427.8 457.5 403.9 413.9 417. 2 416.6 414.4 411.8 424. 3 431.3 444.0 448.9 456.7 459.8 293.7 302.2 321.6 283.0 290.6 294. 6 295. 8 293. 9 294.1 300.2 304.5 309.9 315.2 321.7 323. 8 325.8 271.3 222 9 9.9 38.5 22.4 46.2 34.2 12.0 11.9 278.8 227. 0 10.2 41.6 23.4 47.8 34.8 13.1 12.3 295.8 239. 7 11.0 45.2 25.8 49.8 36.8 13.0 12.8 262.5 216. 5 9.8 36.1 20.6 45.9 35.1 10.8 11.9 268. 5 221.6 9.8 37.1 22.0 45.2 34.5 10.7 11.9 272.2 224. 4 9.8 38.0 22.3 46.9 34.5 12.4 11.9 273.3 224. 2 9.9 39.1 22.5 46.3 34.1 12. 2 11.9 271.3 221.6 10.0 39.7 22.6 46.5 33.8 12.7 12.0 271.2 220. 8 10.0 40.4 22.9 46.5 33.7 12.8 12.0 276.9 225.8 10.0 41.2 23.2 47.2 34.5 12.7 12.2 281.0 228. 8 10.0 42.2 23.5 48.1 35.1 13.1 12.3 286.1 232. 5 10.8 42.8 23.8 49.5 36.0 13.6 12.5 289.9 235. 0 11.2 43.7 25 2 49.1 36.2 12. 9 12.6 295.9 240.1 11.2 44.6 25.8 49.5 36.8 12.8 12.8 297.8 241.4 10.9 45.5 25.9 49.7 37.0 12.8 12.9 299.7 242, 2 10.6 46. 9 26.1 50.9 37.3 13. 6 12.9 415.5 45.6 45.5 51.0 46.0 48.6 46.2 44.4 43.3 40.1 45.0 46.0 51.1 50.4 50.7 51.0 do do do do do do 45.4 22.4 23.0 14.4 8.6 45.6 22.3 23.3 15.0 8.3 .0 50.9 24.8 26.0 15.9 10.1 45.3 22. 0 23.3 14.2 9.0 .7 49.2 24.3 24.9 14.3 10.6 -.6 46.4 22.9 23.5 14.2 9.2 o 43.3 21.4 21.9 14.4 7.5 1.2 42.8 21.1 21.7 14.5 7.1 .5 39.8 19.4 20. 3 14.7 5.6 .3 44.8 21.9 22.9 14.8 8.1 .2 46.3 22.6 23.7 14.9 8.7 -.3 51.4 25.1 26.3 15.5 10.8 -.3 50.1 24.4 25.6 15.8 9.9 .3 50.9 24.9 26.1 15.8 10.3 -.2 51.1 24.9 26.1 15.8 10.3 do 18.1 20.0 22.2 17.0 17.6 17.7 18.2 18.8 19.1 19.8 20.3 21.0 21.5 22.0 22.5 16.4 .8 23.0 do 503.4 518.7 553.9 488.5 501.7 504.8 503.7 503.3 500.8 513.1 522.3 538.6 545.0 552.0 555.3 563.5 Personal consumption expenditures, total. .do 328.5 338.1 356.7 318.8 323.9 329.9 329.8 330.5 330.5 335.5 340.1 346.1 350.2 354.9 358.2 363.5 44.8 18.8 19.1 151.8 28.1 79.5 11.7 131.9 19.6 41.8 10.7 43.7 17.2 19.3 155.2 28.6 81.1 11.9 139. 1 20.6 43.9 11.1 47.5 20.1 19.9 162.0 30.0 84.7 12.5 147.1 21.7 46.0 11.6 43.1 16.9 19.3 148.9 27.8 78.3 11.3 126. 8 18.8 40.3 10.5 45.1 19.0 19.3 150. 0 28.1 78.5 11.5 128. 9 19.2 40.9 10.6 45.8 19.5 19.2 152.6 28.3 79.9 11.6 131. 5 19.6 41.7 10.6 44.5 18.3 19.1 152. 5 28.4 79.5 11.7 132. 8 19.7 42.2 10.6 44.0 18.3 18.7 152. 3 27.8 80.2 11.9 134.2 20.0 42.6 10.7 40.8 15.4 18.4 153. 5 28.1 80.3 11.9 136.2 20.2 43.1 10.9 43.5 16.9 19.2 153.9 28.0 80.6 11.7 138.0 20.6 43.6 10.9 44.0 16.9 19.7 156. 2 29.0 81.5 11.9 139.9 20.7 44.1 11.1 46.6 19.4 19.8 157. 2 29.2 82.1 12.1 142.3 21.0 44.8 11.4 46.3 19.1 19.7 159. 9 29.8 83.7 12.1 144.1 21.3 45.2 11.5 47.2 20.3 19.3 161. 3 29.8 84.2 12.3 146.3 21.8 45.7 11.5 47.1 19.3 20.1 163.0 30.3 85.3 12.5 148.1 21.9 46.2 11.6 49.6 21.5 20.5 163.9 30.2 85,6 12.8 150.1 22.0 46.8 11.8 Gross national product totalf Du r able goods total© __do \utomobiles and parts do Furniture and household equipment. - -do Nondurable goods, total©. do Clothing and shoes do Food and alcoholic beverages do Gasoline and oil do Services total © do Household operation do Housing do Transportation do 72.4 69.3 76.6 73.2 79.1 73.5 70.3 66.5 60.1 67.6 72.4 76.6 75.9 77.4 76.3 76.2 40.7 21.1 27.6 4.1 3.7 41.6 21.0 25.5 2.1 1.9 44.5 23.3 28.9 3.2 3.2 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 39 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 46.1 24.3 29.2 1.0 1.0 45.0 23.8 29.9 1.2 1.1 do - do do 2.9 26.4 23.5 4.0 27.3 23.3 3.3 28.4 25. 2 .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 2.5 28.3 25.8 3.2 28.2 25.0 Govt. purchases of goods and services, total., do Federal (less Government sales) do National defense 9 -do State and local do 99.7 53.2 45.7 46.5 107.4 57.0 49.0 50.4 117.3 62.4 53.4 55.0 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 54.0 118.2 62.7 54.0 55.5 120.7 63.4 54.2 57.3 499.4 254.1 95.0 159. 2 188.6 56.7 516.6 257.2 94.0 163.3 200.7 58.6 550.6 273.7 102.9 170.8 214.8 62.1 481.4 245.7 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 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 61.8 554.2 274.7 103.0 171.7 215.9 63.6 562.3 279.2 106.4 172.8 219.5 63.7 4.1 2.3 1.8 2.1 .0 2.1 3.2 1.6 1.6 7.1 2.6 4.5 10.8 8.6 2.2 4.4 2.8 1.6 2.1 1.0 1.1 -1.1 -3.3 2.2 Gross private domestic investment, total — do New construction Residential nonfarm Producer^' durable equipment Change in business inventories \"onfarm do do do do do - Net exports of goods and services Exports Imports By major type of product:*f Final sales total Goods output, total Durable goods Nondurable goods Services Construction _ Inventory change, total Durable goods Nondurable goods do -do - do do do __do__._ do do do r Revised. t Re vised series. Estimates of na tional in come anc1 product and per sonal income have been revised back to 1959; revisions prioi• to May 1961 for ipersonal ncome a poear oil p. 13 of the July 1962 SURVEY. ^Includes in rentory valuatior i adjustrnent. ©In- 2.1 4.0 -3.6 6.0 4.0 6.7 1.0 1.2 -1.3 -5.5 3.4 3.5 3.5 1.9 1.9 -.8 3.4 2.5 .6 1.9 3.1 2.2 -.9 2.0 eludes d ata not s 10 wn sep arately. 9Go\T ernment sales are not dediicted. *For qu arterly data ba 3k to 194 7, see p. i55 of the July 1962 SURVEY 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 1960 1961 1962 Annual total 1961 1960 I II February III IV I II 1962 III IV I II 19(53 III IV I GENERAL BUSINESS INDICATORS—Quarterly Series—Continued NATIONAL INCOME AND PRODUCT— Con.f Quarterly Data Seasonally Adjusted at Annual Rates GNP in constant (1954) dollars Qro^s national product, totalt Wl. $-- 440.2 447.9 471.9 440.9 442.3 439.7 437.7 433.9 443.9 450.4 463.4 467. 4 470.8 471.6 477.7 298. 3 304. 3 318.2 295.6 299.7 299.1 298.8 298.2 302.5 306.0 310.6 313. 9 316.9 319.0 322. 8 -do __ 42.2 141.4 do 114.7 do 41.6 143.3 119.4 45.2 148.5 124.5 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 44.6 149. 5 125.0 47.6 149. 3 126. 0 Personal consumption expenditures, total -.do Durable goods Nondurable goods Cervices . do 60.7 57.8 63. 3 66.7 61.5 58.6 55. 8 50. 0 56.5 60.4 64.1 63.3 64.1 62.4 62.8 New construction Producers' durable equipment Change fa. business inventories do do do 34.3 22.7 3.7 34.8 21.1 2.0 36. 5 23.8 2.9 34.6 22. 6 9.6 34.2 23.3 4.0 34.0 22.7 1.9 34.3 33. 0 20.1 -3.0 34.3 20.2 2.0 35.6 21.3 3.5 36.1 34.6 22 8 5.9 36.7 23.8 3.7 37.7 24.0 .8 36.8 24.8 1.3 Net exports of goods and services do 1.5 1.8 .5 .2 1.0 1.5 3.3 3.5 1.7 .7 1.4 1.3 -.3 .5 79.8 42.3 37.4 84.0 44.5 39.4 89. 9 48.7 41.2 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 90.5 49.0 41.5 91.6 49.3 42.3 400. 8 51.4 349. 4 416.4 52.8 363.6 440. 5 57. 6 382.9 395. 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. 8 442. 6 58.5 384. 1 448.0 58.7 389. 3 20.9 25.6 26.2 20.1 19.7 22.0 22. 2 23.8 25.5 26.3 26.5 25.4 26.9 26.0 25.8 8.92 8.59 2 9. 35 7.89 9.28 8.98 9.53 ,w 8.61 8.65 9.54 8.02 9.50 9.62 i 10. 28 Gro^ private domestic investment total Government purchases of goods 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 $ T ess* Personal tax and nontax payments do p]qirils- Disposable personal income do Personal savins § do NEW PLANT AND EQUIPMENT EXPENDITURES Unadjusted quarterly totals or averages: All industries .. bil. $.. "5.4 2 8. 48 Manufacturing Durable goods Industries Nondurable goods industries do_- . do -do 3.62 l.SO J.82 3.42 1.57 1.85 3.70 1.79 1.91 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 3.31 1.50 1.84 3.88 1.79 2.09 3.14 1.44 1.69 3.69 1.77 1.92 3.72 1.79 1.93 4.26 2. 15 2.11 3. 33 1. 57 1.76 Mining Railroads _ Transportation other than rail Public utilities Commercial and other -do do. _ _ do -_do do .25 .26 .48 1.42 2.89 24 . 17 .46 1.38 2.92 .28 . 22 '.51 1.38 3.28 •M.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 1.37 3.30 .28 .24 .50 1.54 3.35 .30 .21 .48 1.50 3.53 .26 .17 .40 1.07 3.26 do 35.15 36. 30 35.90 35.50 33.85 33.50 34.70 35.40 35. 70 36.95 38.35 i 38. 35 2 37. 70 do 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 15.05 7.25 7.80 15.50 7. 75 7. 75 14. 95 7.10 7.85 1.00 1.00 2. 00 5. 75 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 12.85 1.10 1.00 2.00 5.75 13.40 1.15 .80 1.80 5.40 13.70 1.15 .70 1.80 5. 30 13.80 4,690 4,710 4,720 4,730 4,740 4,750 4, 760 4,770 4,780 4,790 4,800 4,810 _ Seas. adj. qtrly. totals at annual rates: All industries Durable goods in d'ustries Mining do .. Transportation, other than rail do Public utilities do_... Commercial an d other do BUSINESS POPULATION Firms in operation, end of quarter (seasonally ads 4, 658 3 4, 713 iusted) thous U.S. BALANCE OF INTERNATIONAL PAYMENTS} Quarterly Data are Seasonally Adjusted U S payments recorded mil $ Military expenditures Other services f f J - nr)\+n] OlltflOWS rivat ca Mtal Direct investments Tvong-term portfolio Short term tJ S receipts recorded Exports: Merchandise Services and military sales __ Repayments on U" S Oovt loans Foreign capital other than liquid funds 4, 752 31, 805 7, 549 7, 690 8, 000 8, 078 7, 690 7,411 8,082 8,622 8,283 8,093 8,282 14, 723 3, 048 5, 417 842 3,405 14, 514 2, 947 5, 462 878 4, 051 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, 920 752 1.390 234 1,040 4,032 746 1,450 223 1, 059 4,130 730 1,473 221 1, 118 do do do do 3,882 1, 694 850 1,338 3, 953 1,475 1, 006 1,472 658 324 236 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 1,173 320 474 379 947 230 397 320 583 400 284 -101 610 300 137 173 do 27, 984 29, 946 6. 865 7,055 7, 002 7,062 7, 400 7,953 6,979 7,614 7, 685 8,001 8,057 do __do _ do do 19, 459 7,554 636 335 19,915 8, 151 1,274 606 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 7 5, 146 2,132 209 127 5, 063 2,189 143 * 290 5. 339 2, 326 220 116 5,170 2. 200 616 71 -684 -635 -998 -1,016 -140 -159 -297 do __do dO -3, 333 -1,859 -592 — 602 -3.925 -2,461 Major special transactions 3 31, 317 Imports: p 99 9 99 7 -do -524 129 4 -680 -775 -80 680 69f -3, 401 -2, 590 Total excluding special transactions do r Revised. * Preliminary, i Estimates for Oct. -Dec, 1962 based on anticipated capital exf enditures of business. 2 Estimates for Jan .-Mar. 1963 based on antici sated capital exj>enditures of business. Anticipated expenditures for the year 1962 are as f ollows (in bil. $) : All industries, 37.41; manufacturing, total, 14.80; durable goods industr ies, 7.15; nondur able goods industries, 7.65; mining, l.ll; railroads, .86; transportation, 2.0 4- public utilities , 5.47; commercial and other, 13.13. 3 Unadjusted. Data represent firms in operation as of Jan. 1; estimate for Jan. 1, 1962 -1,157 -1,313 -444 -290 -29 -319 542 -1,103 -1,008 -366 176 724 193 -910 —75 -400 -1,408 -520 -598 106 -492 100 -92 -225 -134 -494 -226 -719 76 p-780 473 -319 -548 -1,157 I -869 -835 -888 -592 -302 -1,192 4 Includes chang es in no iliquid (lovt. lia bilities. is based on inc omplcte data. spending note 011 p. S-l (revisions 3d qtr. 1959 app 3ar on p. 8 ff. of prior to t See corre the July 1962 SURVEY.) saving is excess of disposable incon § Personal le over rj ersonal c onsumpt ion expenditures shown as a con iponent of gross national product o Q p. S-l. t More co]nplete details are given in the qi larterly '•eviews i n the M ar., June, Sept., and Dec. issue s of the SURVEY. Revisions prior to 4th q tr. 1959 \ vill be a\ ailable later.
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