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SUKVEY OF CURRENT BUSINESS

February 1975

NATIONAL INCOME AND PRODUCT TABLES
1974

1973
1973

1974

III

I

IV

II

1973

III

1973

rv

1974

1974

IV

III

Seasonally adjusted at annual rates

I

II

in

rv

Seasonally adjusted at annual rates

Billions of current dollars

Billions of 1958 dollars

Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
Gross national product

.

. 1, 294. 9 1, 397. 3 1,308.9 1, 344. 0 1, 358. 8 1,383.8 1,416.3 1, 430. 2

839.2

821.1

840.8

845.7

830 5

827 1

823 1

803 8

805.2

876.7

816.3

823.9

840.6

869.1

901.3

895.8

552.1

539.5

555.4

546.3

539 7

542 7

547 2

528 2

130.3
338.0
336.9

127.5
380.2
369.0

132.4
343.8
340.1

124.3
352.1
347.4

123.9
364.4
352.4

129.5
375.8
363 8

136.1
389.0
376.2

120.7
391.7
383.5

113.6
228.6
209.9

103.1
223.7
212.6

114.3
230.0
211.2

107.2
227.4
211 7

105 2
223.9
210 6

106 8
223 6
212 2

107 g
225 8
213 7

92 8
221 4
214 1

209.4

209 4

209 0

224.5

210.5

211 8

205.8

209 4

138.1

126 7

135 8

145 8

133 3

130 3

122 7

120 5

194 0

195 2

197 1

195 5

193.6

198 3

197.1

191.6

127.3

118 0

127 7

125 8

122 7

122 2

117 7

109 6

Nonresidential
Structures
Producers' durable equipment
Residential structures.
Nonfarm
Farm..

136.8
47.0
89.8
57.2
56.7
.5

149.2
52.0
97.1
46.0
45.2
.7

139.0
47 9
91.1
58.1
57.6
.5

141.9
49.3
92.6
53.6
53.0
.6

145.2
51.3
93.9
48.4
47.8
.7

149.4
52 2
97.2
48.8
48.0
.8

150.9
51.0
99.9
46.2
45.4
.8

151.2
53.7
97.5
40.4
39.7
.7

94.4
25.4
69.0
32.9
32.6
.3

94.0
26.2
67.8
24.0
23.6
.4

95.1
25.6
69.5
32.6
32.4
.3

96.0
26.0
70.0
29.8
29.5

96.3
26 7
69.7
26.4
26.0

96.5
26 6
69 9
25.7
25.3

94.1
25 4
68 7
23.6
23.1

89 2
26 1
63 1
20 4
20.1

Change in business inventories- . .
Nonfarm..
Farm

15.4
11.4
4.0

14.2
11.9
2.3

11.8
7.4
4.4

28.9
24.0
4.9

16.9
13.1
3.8

13.5
10.4
3.1

8.7
6.6
2.1

17.8
17.5
.3

10.8
8.9
1.8

8.7
7.4
1.2

8.0
6.2
1.9

20.0
17.9
2.1

10.6
8.7
1.8

82
6.4
18

50
3.9
1i

10 9
10.7
2

Personal consumption expenditures. . _
Durable goods
Nondurable goods
Services

- .-

Gross private domestic investment
Fixed investment

39

Government purchases of goods and services
Federal . _
National defense
Other
.
State and local.

6.7

93

11.3

—1.5

-3.1

1.2

4.6

9.0

5.8

7.9

11.5

82

73

88

139.9
138.0

103.7
96.9

113.6
104.3

131.2
119.9

138.5
140.0

143.6
146.7

146.4
145.3

66.6
62.0

71.8
62.8

66.9
61.1

68.9
61.0

73.3
61.8

73.4
65 1

70.9
63.6

69.5
60 7

276.4

309.2

276.9

286.4

296.3

304.4

312.3

323.8

144.4

146.0

143.7

145.7

146.0

145.8

145.9

146.3

106.6
74 4
32.2
169.8

Exports
Imports

20

100.4
96 4

Net exports of goods and services

116.9
78.7
38.2
192.3

105.3
73.3
32.0
171.6

108.4
75.3
33.1
177.9

111.5
75.8
35.7
184.8

114.3
76 6
37.7
190.1

117.2
78.4
38.8
195.1

124.5
84.0
40.6
199.3

57.3

56.5

56.2

56.4

56.3

56.3

56.5

57.0

87.0

89.5

87,5

89.3

89.7

89.5

89.4

89.3

Table 2.-—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
1,294.9 1, 397. 3 1,308.9 1, 344. 0 1,358.8 1,383.8 1,416.3 1,430.2

Gross national product
Final sales
Change in business inventories.

839.2

821.1

840.8

845.7

830.5

827.1

823.1

803. 8

1, 279. 6 1, 383. 0 1, 297. 0 1, 315. 1 1, 341. 9 1, 370. 3 1, 407. 6 1,412.4
15.4
14.2
16.9
13.5
8.7
17.8
28.9
11.8

828.4
10.8

812.5
8.7

832.7
8.0

825.7
20.0

819.9
10.6

818.9
8.2

818.1
5.0

792.9
10.9

622.7

670.3

629.9

653.6

651.9

664.9

681.7

682.6

459.1

442.8

458.8

465.1

449.1

448.9

446.0

427.1

Final sales
Change in business inventories

607.3
15.4

656.1
14.2

618.0
11.8

624.7
28.9

635.0
16.9

651 3
13.5

673.0
8.7

664.8
17.8

448.3
10.8

434.1
8.7

450.8
8.0

445.1
20.0

438.5
10.6

440.8
8.2

441.0
5.0

416.3
10.9

Durable goods
Final sales
.. ..
Change in business inventories

250 3
240.9
9.4

256 9
249.2
7.7

252 8
243.9
9.0

255 4
240.6
14.8

251 0
242.3
8.7

246,6
248 5
—1.8

265.5
259.8
5.7

264.5
246.2
18.3

206.0
198.5
7.5

195.9
191.0
4.9

206.3
199.0
7.2

206.3
194.9
11.5

200.2
194.3
5.8

195.4
196.6
-1.2

200.2
196.6
3.6

188.0
176.7
11.3

Nondurable goods
Final sales
Change in business inventories

372.4
366 5
6.0

413.4
406.9
6.5

377.1
374 2
2.9

398.2
384.1
14.1

401.0
392.8
8.2

418.2
402 9
15 4

416.2
413.2
3.0

418.1
418.6
-.5

253.1
249.9
3.3

246.9
243.1
3.8

252.6
251.7
.8

258.7
250.2
8.5

248.9
244.2
4.7

253.6
244.2
9.4

245.8
244.4
1.4

239.2
239.6
-.4

534 4

590 1

540 2

553 2

569 7

579 2

597.8

613.8

304.5

310.8

306.9

307.8

310.7

308.3

310.7

313.4

67.5

75.1

72.8

70.7

69.8

66.4

63.2

Goods output

Services

.

..

Structures

137.8

136 8

138 8

137.2

137.1

139.7

136.7

133.9

75.5

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
1 294 9 1 397 3 1 308 9 1 344 0 1 358.8 1 383.8 1,416.3 1,430.2

Business
Nonfarm
Farm

..

Households and institutions .
General government
Federal
State and local
Rest of the world
Addendum : Gross private product

839.2

821.1

840.8

845.7

830.5

827.1

823.1

803.8

1 286 5 1 385 6 1 300 6 1 335 2 1 344.0 1 374.1 1, 405. 2 1,418.9

Gross national product
Gross domestic product _

833.9

816.9

835.7

840.7

823.5

824.1

819.8

800.0

1 096 8 1 177 8 1 109 2 1 138 8 1 143.1 1 168 8 1, 195. 7 1, 203. 6
1 040 3 1 124 1 1 049 0 1 074.5 1 082.6 1 117.8 1, 144. 4 1,151.5
51.3
52.1
51. 1
60.5
56 5
60 2
64.4
53.8

753.1
725.8
27.4

733.8
706.3
27.5

754.4
728.6
25.8

759.2
731.0
28.2

740.9
713.9
27.0

741.4
712.7
28.7

736.6
708.0
28.6

716.5
690.8
25.7

41 3

47 0

42 0

43 0

44.6

46 5

48.0

48.8

18.5

18.9

18.8

18.7

19.1

18.8

18.9

18.8

148.5
52.8
95.7

160.8
55.7
105.1

149 4
52.4
97.1

153.4
54.3
99.1

156.3
54.8
101.5

158.8
55.0
103.9

161.6
55.3
106.3

166.5
57.9
108.7

62.3
21.3
41.0

64.1
21.1
43.0

62.4
21.1
41.3

62.9
21.1
41.7

63.5
21.1
42.3

63.9
21.1
42.8

64.2
21.0
43.2

64.8
21.0
43.7

8.4

11 7

83

8.9

14.7

9.7

11.1

11.3

5.2

4.3

5.1

5.0

7.0

3.0

3.3

3.7

1,146.5 1, 236. 5 1,159.5 1,190.7 1,202.5 1,225.0 1, 254. 7 1,263.7

776.9

757.0

778.4

782.8

767.0

763.2

758.8

739.0

HISTORICAL STATISTICS
THE national income and product data for 1929-63 are in The National Income and Product Accounts of the United States, 1929-1965,
Statistical Tables (available at $1 from Commerce Department District Office or the Superintendent of Documents; see addresses inside front
cover). Each July SURVEY contains preliminary data for the latest 2 years and fully revised data for the preceding 2. The July 1974 issue has
data for 1970-73. Prior July issues have fully revised data as follows: 1969-70, July 1973; 1968-69, July 1972; 1967-68, July 1971; 1966-67,
July 1970; 1965-66, July 1969; 1964-65, July 1968.



CURRENT BUSINESS STATISTICS

J.HE STATISTICS here update series published in the 1973 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CUERENT BUSINESS. That volume (available from the Superintendent of Documents for $5.15) provides a description of each series, references
to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1969 through 1972 (1962-72 for major quarterly
series), annually, 1947-72; for selected series, monthly or quarterly, 1947-72 (where available). Series added or significantly revised after the 1973
BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (t), respectively; certain revisions for 1972 issued too late for
inclusion in the 1973 volume appear in the monthly SURVEY beginning with the August 1973 issue. Also, 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 1973 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and
are also listed alphabetically on pages 189-90. 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.
1971

Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes areas shown in
the 1973 edition of BUSINESS STATISTICS

1972

1973

1971
IV

Annual total

1972
I

II

1974

1973
III

IV

II

I

III

IV

I

|

II

III | IV i

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
Gross national product total t

bil. $

1 294 9 1 083 2 1 115.0 1,143.0

1,169.3

1,204.7

1,383.8

1 ,416. 3 '1,430.2

701.5

720.6

736.8

757.2

781.7

799.0

816.3

823.9

840.6

869.1

901.3 ' 895. 8

107 4
48.1
43.9

112.1
49.4
47.1

116.2
51.5
47.9

121.2
55.3
49.3

124.3
56.4
50.7

132.4
60.4
54.3

132.1
59.2
54.9

132.4
59.3
55.5

124.3
51.2
55.4

123.9
48.0
57.5

129.5
50.6
59.5

136.1 ' 120. 7
56.2
43.7
60.4 '57.8

338.0
70 2
165.1
28.3

283.4
58 5
137.6
24.3

288.4
60 0
139 3
24.6

297.4
62 5
142.4
24.5

302.0
63 7
144.7
25.1

310.9
66.0
148.5
25.8

323.3
69.1
155.9
26.8

332.7
70.1
160.9
28.0

343.8
70.6
169.1
28.7

352.1
70.9
174.5
29.8

364.4
72.8
180.1
31.5

375.8
74.4
183.5
36.8

389.0 '391.7
75.7 '73 7
191.3 ' 196. 0
37.9
37.5

310.9
43.3
107.9
21.8

336.9
47.3
116.4
23.4

293.0
40.5
102.6
21.1

301.0
41.2
105.1
21.5

307.0
42 6
106.9
21.6

313.6
43.9
108.9
21.9

322.0
45.5
110.7
22.3

325.9
45.6
113.1
22.8

334.2
46.6
115.6
23.1

340.1
48.3
117.0
23.6

347.4
48.7
119.7
24.1

352.4
49.2
122.2
25.0

363.8
51.7
124. 9
25.6

376.2
54.6
127.7
26.5

179.3

209.4

160.8

169.4

175.5

182.1

190.2

199.0

205.1

209.0

224.5

210.5

211.8

205.8 ' 209. 4

167.6
114. 7
41.0
73.7
52.9
52.3
8.0
7.0

171.9
117.5
40.6
76.8
54.5
53.9
10.2
9.6

179.2
122.5
42.2
80.3
56.7
56.2
11.0
10.4

189.0
130.5
44.6
85.9
58.5
58.0
10.0
6.5

194.4
135.6
46.2
89.4
58.7
58.4
10.7
7.7

197.1
139.0
47.9
91.1
58.1
57.6
11.8
7.4

195.5
141.9
49.3
92.6
53.6
53.0
28.9
24.0

193.6
145.2
51.3
93.9
48.4
47.8
16.9
13.1

198. 3
149.4
52.2
97.2
48.8
48.0
13.5
10.4

197.1 ' 191.6
150.9 ' 151.2
51.0
53.7
99.9
97.5
46.2
40.4
45.4
39.7
8.7
17.8
6.6
17.5

o

1,054.9

1,158.0

667.1

729.0

805.2

683.8

Durable goods total 9
..do .
Automobiles and parts
do..
Furniture and household equipment.. .do

103.9
46.6
42.3

118.4
53.1
48.7

130 3
57.5
55.0

Nondurable goods, total 9
Clothing and shoes
Food and beverages
Gasoline and oil

do .
do
do
do _

278.4
57 3
135.9
23.5

299.7
63 0
143.7
25.0

Services total 9
Household operation
Housing
Transportation

do
do
do..
do

284.8
39.4
99.1
20.4
153.7

Personal consumption expenditures, total.. do

^

Gross private domestic investment, total.. .do

383. 5
' 56. 0
130. 9
' 27 1

.

147.4
104.6
37.9
66.6
42.8
42.3
6.3
4.9

170.8
116.8
41.1
75.7
54.0
53.4
8.5
7.8

194.0
136.8
47.0
89.8
57.2
56.7
15.4
11.4

155.4
107.8
38.4
69.4
47.6
47.0
5.4
4.4

164.5
112.7
40.7
72.0
51.8
51.2
5.0
4.1

. do..
do..
do

-.2
65.4
65.6

-6.0
72.4
78.4

3.9
100.4
96.4

-3.4
62.0
65.4

-7.1
69.1
76.1

-6.9
68.8
75.7

-4.8
73.3
78.1

-5.3
78.5
83.8

88.8
89.5

.5
95.4
94.9

6.7
103.7
96.9

9.3
113.6
104.3

11.3
131.2
119.9

-1.5
138.5
140.0

1.2
-3.1
143.6 r 146. 4
146.7 ' 145. 3

234.2
97.6
71.2
136.6

255.7
104.9
74.8
150.8

276.4
106 6
74 4
169 8

242.1
100 5
72.1
141 6

251.1
105 6
75.9
145 5

253.8
105.9
75.9
147.9

255.1
102.7
72.6
152.4

262.6
105.2
74.7
157.4

269.0
106.4
75.0
162.6

273.3
106.2
74.0
167.1

276.9
105.3
73.3
171.6

286.4
108.4
75.3
177.9

296.3
111.5
75.8
184.8

304.4
114.3
76.6
190.1

312.3
117.2
78.4
195.1

' 323. 8
f 124. 5
' 84.0
' 199. 3

1,149.5 1,279.6 1,077.8
535. 2
607.3 501.8
214.3
197.0
240.9
321.0
366.5 304.7
488.1
534.4
459.3
126. 1
137.8
116.8

1,110.0
514.3
204.6
309.7
472.1
123. 6

1,135.1 1,159.1 1,193.7 1,238.9 1,267.2 1,297.0 1,315.1 1,341.9 1,370.3
651.3
635.0
618.0
624.7
556.2
529.4
585.8 600.9
541.0
248. 5
242.3
240.6
243.9
223.6 237.8 241.2
210.6
218.3
402.9
347.9
332.6
359.7 374.2 384.1 392.8
322.7
318. 9
579.2
516.0
528.3 540.2 553.2 569.7
508. 5
481.5
492.4
139.7
137.1
137.2
137.1
138.8
130.9
138.0
124.1
125.6

1,407.6
673.0
259.8
413. 2
597.8
136.7

'1,412.4
" 664. 8
r
246. 2
'418.6
' 613.8
' 133. U

8.7
5.7
3.0

' 17.8
' 18.3
' -.5

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
_
Durable goods
Nondurable goods
Services
Structures

T

do
do .
do..
do
. do
do _
do..
do

Fixed investment
.
Nonresidential
Structures
Producers' durable equipment
Residential structures
.
Nonfarm
Change in business inventories
Nonfarm
Net exports of goods and services
Exports
Imports

1,248.9 1,277.9 1,308.9 1,344.0 1,358.8

..

do
_. do..
do
...
do _
do
do

1,048.6
491.6
191.8
299.8
446.0
111.0
6.3
2.4
4.0

8.5
7.1
1.4

746 3

792 5

496.4

527.3

do
92.5
do
211 3
do . . 192 6

104.9
220 2
202 2

111.1
105 8
76 7
29.1
53
-.5

8.0
5.8
2.2

837 4

840 8

845 7

830.5

827.1

823.1 ' 803. 8

553.7

555.4

546.3

539.7

542.7

547.2 ' 528. 2

114.3
230 0
211 2

107.2
227 4
211.7

105.2
223.9
210.6

106.8
223.6
212.2

107.8
225. 8
213.7

'92.8
' 221.4
' 214. 1

135.8

145.8

133.3

130.3

122.7

' 120. 5

127.7
95.1
32.6
8.0

125.8
96.0
29.8
20.0

122.7
96.3
26.4
10.6

122.2
96.5
25.7
8.2

117.7 ' 109. 6
94.1 ' 89. 2
23.6
20.4
5.0 ' 10. 9

5.8

7.9

11.5

8.2

7.3

143.7
56.2
87.5

145.7
56.4
89.3

146.0
56.3
89.7

145.8
56.3
89.5

145.9
56.5
89.4

798 1

814 2

832 8

531.2

542.2

552.9

110.1
2°5 4
206 6

117.2
228 7
207*1

115.7
228 3
209 7

10.7
7.7
3.0

839 2

759 1

770 9

786 6

552.1

504.1

512.8

523.2

113.6
228 6
209 9

96.3
212 6
195 2

99.8
214 4
198 6

103.0
219 8
200 4

106.8
221 3

203' o

125.0

138.1

114.8

119.4

123.2

126.6

130.9

134.4

136.3

118 0
83 7
34.3
70

127 3
94 4
32.9
10 8

110 2
78 6
31.6
46

115 2
81 3
33.8
42

116 6
82 4
34*. 2
66

118 1
83 8
34.3
85

122 0
87 2
34.8
88

127 1
92.2
35.0
7.3

128 4
94.3
34.1
7.8

-3 0

46

—2 4

—4 9

—3 6

—1 4

-1.9

1.4

3.5

Govt. purchases of goods and services, total .do
139.3
143.1
144.4
142.6
143.8
59 9
Federal
do
60 9
61 0
57 3
62 4
State and local
do
82.1
78.4
87.0
80.2
80.9
' Revised.
v Preliminary.
1 Annual totals for 1974 for components shown in this
column appear on pp. 4-7 of this issue of the SURVEY.
t Revised series. Estimates
of national income and product and personal income have been revised back to 1971 (see

143.8
62 5
81.3

141.8
59 5
82! 4

143.0
59 2
83! 8

144.1
58 9
85.2

143.9
57 7
86.2

15.4
9.4
6.0

13.5
-1.8
15.4

28.9
14.8
14.1

10.0
6.1
3.9

5.0
27
2.2

do
do
do

16.9
8.7
8.2

11.8
9.0
2.9

11.0
13.2
-2.2

10.2
6.8
3.4

5.4
.3
5.1

Change in business inventories
Durable goods
Nondurable goods .
GNP in constant (1958) dollarsf
Gross national product, totalf

bil.$..

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

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

569-032 O - 75 - SI




do..
do
do
do..
do

kYiix.

i separately.

s-1

'8.8
' 146. 3
'57.0
'89.3

SURVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown in
the 1973 edition of BUSINESS STATISTICS

1971

1972

| 1973

Annual total

1973

1972
I

II

February 1975

III

IV

I

II

1974
III

IV

I

II

1975
IV «

III

I

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
Implicit price deflators :f
Gross national product
Index 1958 — 100
Personal consumption expenditures
do
Gross private domestic investment:
Fixed investment
_
do
Nonresidential
do
Residential structures
do
Govt. purchases of goods and services
do
National income, totalf

bil. $

Compensation of employees, total

do

141. 35
134.4

146. 12
138.2

154. 31
145.9

144. 62
136.8

145. 31
137.7

146. 50
138.7

147. 96
139.7

149. 95
141.4

152. 61
144.3

155. 67
147.0

158. 93
150.8

163. 61
155.8

167.31
160.2

172. 07 '177.94
164.7
' 169. 6

139.3
136.3
147.4
168.1

144.8
139.6
157.4
178.6

152.4
144.9
174.0
191.5

142.8
138.5
153.2
174.6

143.8
139.3
154.6
176.5

145.6
140.2
158.9
179.9

146.9
140.5
162.8
183.6

148.7
141.7
167.1
186.7

151.4
143.9
172.1
189.9

154.3
146.1
178.1
192.6

155.4
147.9
179.7
196.5

157.8
150.7
183.8
202.9

162.3
154.9
190.0
208.8

167.5 ' 174. 9
160.4 r 169. 6
195.9 ' 197. 9
214.1 r 221. 4

857. 7

946.5

1,065.6

912.3

932.5

954.3

987.0 1,027.6

1,051.2 1,077.3 1,106.3

1,118.8

712.6

732.9

759.1

776.7

793.3

814.8

828.8

848.3

868.2 ' 877. 7

683.6
538.7
20.3
124.5
93.1

698.2
550.8
20.2
127.2
95.1

717.0
565.8
21.0
130.2
97.7

727.6
573.8
21.0
132.8
101.2

744.6
588.3
20.9
135.4
103.7

761.5 r 769. 2
602.5 r 605. 1
20.8
22.0
138.2 ' 142. 1
106.7 ' 108. 6

643.1

707.1

786.0

683.8

699.0

1,130.2 1,155.5

573.6
449.5
19.4
104.7
69.5

626.8
491.4
20.5
114.8
80.3

691.6
545.1
20.6
126.0
94.4

606.6
475.1
20.9
110.6
77.1

619.7
486.7
20. 1
113.0
79.3

631.2
495.3
19.9
116.0
81.4

649.6
508.7
21.2
119.7
83.4

667.6
525.0
20.8
121.9
91.5

do
do
do .
do

69.2
52.0
17.2
25.2

75.9
54.9
21.0
25.9

96.1
57.6
38.5
26.1

72.9
53.7
19.2
25.5

74.6
54.3
20.3
24.4

75.8
55.5
20.3
26.8

80.1
56.1
24.0
26.7

89.1
57.0
32.1
26.3

92.8
57.1
35.6
25.7

99.3
57.7
41.5
26.2

103.2
58.4
44.9
26.4

98.4
59.3
39.1
26.4

89.9
60.7
29.1
26.3

92.1
62.3
29.8
26.6

adjustbil $

78.7

92.2

105.1

86.5

89.5

92.9

99.8

103.9

105.0

105.2

106.4

107.7

105.6

105.8

15.6
63.1
32.3
17.8
14.5

17.6
74.5
40.8
19.0
21.8

19.6
85.5
47.6
21.5
26.1

17.1
69.4
37.7
18.4
19.3

17.4
72.1
39.6
18.1
21.5

17.8
75.1
40.8
19.4
21.4

18.3
81.5
45.1
20.0
25.1

18.7
85.2
48.6
20.9
27.6

19.4
85.6
48.4
21.5
26.9

19.8
85.4
47.1
21.4
25.7

20.4
86.0
46.4
22.1
24.3

20.8
87.0
46.2
26.9
19.3

20.7
84.9
46.8
29.7
17.1

20.7
85.1
48.6
33.3
15.3

8.3
22.5

9.2
24.6

9.2
28.7

8.5
23.2

8.9
23.6

9.5
24.8

9.9
26.6

9.4
27.2

8.8
28.4

9.5
28.8

9.2
30.3

7.1
33.7

8.0
30.1

8.6
28.0

do
do
do
do
do

83.6
37.5
46.1
25.0
21.1

99 2
41.5
57.7
27.3
30.3

122.7
49.8
72.9
29.6
43.3

92.3
38.9
53.4
26.4
27.1

96.0
40.3
55.7
27.1
28.6

100.2
41.8
58.4
27.8
30.6

108.2
45.2
63.1
28.2
34.9

120.4
48.9
71.5
28.7
42.8

124.9
50.9
74.0
29.1
44.9

122.7
49.9
72.9
29.8
43.1

122.7
49.5
73.2
30.7
42.5

135.4
52.2
83.2
31.6
51.6

139.0
55.9
83.1
32.5
50.5

157.0
62.7
94.3
33.2
61.1

do
do

-4.9
41.6

-7.0
45.6

-17.6
52.3

-5.8
43.6

-6.5
44.9

-7.3
46.2

-8.4
47.5

-16.5
49.2

-20.0
51.1

-17.5
53.2

-16.3
55.5

-27.7
57.5

-33.4
60.1

-51.2
62.8

bil $
do ...
do....
do
do

864.0
117.6
746.4
685.9
60.5

944.9
142.4
802.5
749.9
52.6

1,055.0
151.3
903.7
829.4
74.4

913.3
138.6
774.7
721.4
53.3

930. 9
140.9
790.0
741.1
49.0

950.3
143.1
807.2
757.9
49.3

985.0
147.0
838.1
779.2
58.9

1,013.6 1,039.2 1,068.0
147.2
154.2
144.1
892.1
913.9
869.5
822.5
840.7
804.2
73.2
69.6
65.3

.bil. $..
do
do
do

81.21
29.99
14.15
15.84

88.44
31.35
15.64
15.72

99.74
38.01
19.25
18.76

19.38
6.61
3.29
3.32

22.01
7.63
3.71
3.92

21.86
7.74
3.86
3.87

25.20
9.38
4.77
4.61

21.60
7.80
3.92
3.88

24.73
9.16
4.65
4.51

25.04
9.62
4.84
4.78

28.48
11.43
5.84
5.59

24.10
9.49
4.74
4.75

28.16
11.27
5.59
5.69

28.23
11.62
5.65
5.96

do

51.22

57.09

61.73

12.77

14.38

14.12

15.83

13.69

15.57

15.42

17.05

14.61

16.89

16.61

18.02

15.20

_

do
do
do
do

2.16
1.67
1.88
1.38

2.42
1.80
2.46
1.46

2.74
1.96
2.41
1.66

.68
.48
.50
.32

.61
.48
.73
.39

.69
.38
.61
.35

.63
.47
.63
.40

.63
.46
.52
.32

.71
.46
.72
.43

.69
.48
.67
.44

.71
.56
.60
.47

.68
.50
.47
.34

.78
.64
.61
.49

.80
.64
.43
.58

.83
,72
.45
.63

.81
.63
.42
.44

Public utilities
Electric
Gas and other
Communication
Commercial and other.

do
do
do
do
do

16.30
12.86
2.44
10.77
18.06

17.00
14.48
2.52
11.89
20.07

18.71
15.94
2.76
12.85
21.40

3.63
3.19
.44
2.72
4.65

4.24
3.61
.62
2.95
4.98

4.39
3.67
.72
2.84
4.97

4.74
4.01
.73
3.39
5.67

3.95
3.45
.50
2.87
4.94

4.59
3.91
.68
3.27
5.40

4.82
4.04
.77
3.19
5.24

5.36
4.54
.82
3.53
5.83

4.38
3.85
.52
3.19
5.05

5.30
4.56
.75
3.60
5.46

5.20
4.42
.78
3.39
5.57

5.72
4.82
.90

4.69
4.04
.65

29.67

28.20

do
do
do
do

86.79
30.09
15.06
15.02

87.12
30.37
14.77
15.60

87.67
30.98
15.67
15.31

91.94
33.64
16.86
16.78

96.19
35.51
17.88
17.63

97.76
36.58
18.64
17.94

100.90
38.81
19.73
19.08

103.74
40.61
20.48
20.13

107. 27
42.96
21.43
21.53

111.40
45.32
22.50
22.82

113.99 i 114. 40 i 118.06
50.68
47.04
47.33
24.09
23.45
23.08
26.59
23.88
23.96

do

56.70

66.76

66.70

68.30

60.68

61.18

62.09

63.12

64.31

66.08

66.94

67.06

67.38

do
do
do
do

2.42
2.10
1.96
1.48

2.38
1.88
2.89
1.53

2.40
1.50
2.67
1.41

2.46
1.71
2.33
1.42

2.69
2.11
2.21
1.53

2.77
1.76
2.72
1.62

2.82
1.95
2.49
1.79

2.76
2.05
2.20
1.73

2.80
2.10
2.13
1.63

3.07
2.42
2.21
1.84

3.27
2.68
1.84
2.16

3.24
2.79
1.70
2.38

3.34
2.68
1.91
2.42

Wages and salaries, total
Private
Military
Government civilian __
Supplements to wages and salaries

do
do
do
do
do

Proprietors' income, total 9
Business and professional 9
Farm
_
Rental income of persons
Corporate profits and inventory valuation
ment total
By broad industry groups:
Financial institutions
Nonflnancial corporations total
Manufacturing total
Nondurable goods industries
Durable goods industries

do
do
do
do
do

Transportation, communication, and public
utilities
bil $
All other industries
do
Corporate profits before tax, total
Corporate profits tax liability
Corporate profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Net interest

91.6
62.5
29.1
26.8

33.3
r

—29.9
65.9

DISPOSITION OF PERSONAL INCOME f
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income, total
Less: Personal tax and nontax payments
Equals: Disposable personal income
Less: Personal outlays©
Equals: Personal saving§

1,099.3 1,112.5 1,134.6
168.2
159.9
161.9
966.5
939.4
950.6
894.9
850.1
866.2
71.5
89.3
84.4

1,168.2 •1,186.9
175.1 r 178. 1
993.1 '1,008.8
927.6 ' 922. 3
65.5
'86.5

NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries..
Manufacturing
Durable goods industries 1
Nondurable goods industries 1
Nonmanufacturing
Mining
Railroad
_
Air transportation
Other transportation

Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing
Durable goods industries If
Nondurable goods industries J
Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation

.

-------16.60
16.92
Public utilities
do
14.32
14.27
Electric
do
2.27
2.65
Gas and other
.do
11.59
11.71
Communication
do
19.88
20.10
Commercial and other
do
T
Revised.
» Preliminary.
1 Estimates (corrected for systematic biases) for Oct.Dec. 1974 and Jan.-Mar. 1975 based on expected capital expenditures of business. Expected
expenditures for the year 1974 appear on p. 20 of the December 1974 SURVEY.
2 includes
communication.
t See corresponding note on p. S-l.
9 Includes inventory valuation




1 31. 44 i 26. 38
11.18
13.42
5.34
6.69
5.84
6.73

21.68
21.11
20.16
20.12
20.97
19.80
18.58
18.38
18.08
17.01
17.53
17.96
17.84
18.10
17.47
17.12
16.72
15.55
16.00
15.40
14.62
14.67
3.72
3.26
2.68
2.87
3.00
3.08
2.52
2.98
2.58
2.86
2.38
14.01
13.94
13.83
13.24
13.12
12. 34
12.70
11.56
12.63
2
22.84 2 35. 83 35. 36
21.63
21.69
21.35
21.55
21.36
20.21
21.53
20.16
© Pers onal out lays com prise pe rsonal co nsumptum expen ditures, interest
adjus tment.
paid by consu mers, an d person?il transfe r paymerits to fonsigners,
§P ersonal s aving is excess ol disposal>le incom e over pejrsonal 01itlays. its appear in the
1FD ata for iiidividua I durable and non durable goods in lustries1 c omponer
« S ee note on p. S-l
Mar. June, S 3pt., and Dec. iss ues of th 3 SURVE'f .

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