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Current

BUSINESS

STATISTICS

THE!STATISTICS here update series published in the 1963 edition of BUSINESS STATISTICS, biennial Statistical Supplement to the SURVEY
I
OF CURRENT BUSINESS. That volume (price $2.00) contains data by months, or quarters, for the years 1959 through 1962 (1951-62, 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 1963 BUSINESS STATISTICS went to press are indicated by an asterisk
(*) and a dagger (f), respectively; certain revisions for 1962 issued too late for inclusion in the aforementioned volume appear in the monthly
SURVEY beginning with the August 1963 issue. Also, unless otherwise noted, revised monthly data (for periods not shown herein) corresponding
to revised monthly averages are available upon request. 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,
through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1960 | 1961

1962

1960
III

Annual total

Data from private sources are provided

1961

| IV

I

II

1962
III

IV

I

II

1963

III

| IV

I

II

III

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
National income, total
Compensation of employees, total

bil $
do

Wages and salaries, total
_
_
do
Private
do
Military
do
Government civilian __ __
do
Supplements to wages and salaries
_do_. _
Proprietors' income, totald"
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

do__
do
do
do
do
do

414 5
293.6

271.3
222 9

99
38.5
22.3
46.2
34.2
12 0
12.1

426 1

453. 7

415 4

412 8

411 1

423 2

429 0

441 0

444 7

452 4

455 5

462 2

466 7

474 6

»-482 0

300.1

304.4

309.9

316 0

322 5

325 3

327.7

332 0

338.7

342.8

276.9
225 8
10 0
41.2
23.1
47.6
35 0
12 6
12.1

281.0
228 8
10 0
42 2
23.4
48.3
35 7
12 6
12 1

286.1
232 5
10 8
42 8
23.8
49.5
36 3
13 2
12 0

290.7
236 1
11 1
43 6
25 2
49.5
36 0
13 5
12 0

296.8
241 7
11 0
44 1
25 7
49.6
36 5
13 1
12 0

299.4
243 7
10 7
45 0
25 9
49.8
36 6
13 2
12 0

301. 5
244 7
10 5
46 3
26.2
50.3
36 9
13 4
12 0

304.5
246 7
10 7
47 1
27 5
50.7
37 2
13 5
12 0

310.8
252 2
10 8
47.8
27.9
50.0
37.4
12 6
12.0

314.6
255 1
10 8
48.7
28.2
50.5
37.8
12 7
12.1
'52.2

302.1

322.9

295.8

293.9

294.0

278.8
227 0
10 2
41.6
23.3
48.1
35.3
12 8
12.1

297.1
241 6
10.8
44.7
25.7
49.8
36.5
13.3
12.0

273.3
224 2
99
39.1
22.5
46.1
33 8
12 2
12.1

271.3
221 6
10 0
39.7
22.5
46.6
33 8
12 7
12 1

271.2
220 8
10 0
40.4
22.8
47.0
34 2
12 8
12 1

44.5

43.8

47.0

43.2

41 5

38 8

43.6

44 0

48 6

46 1

46 5

46 1

49 3

48 8

50.1

44.3
22.3
22.0
14.5
7.5
.2

43.8
22 0
21.8
15 3
6.5
.0

46.8
22.2
24.6
16.6
8.1
.2

42.1
21.2
20.9
14 6
6.4
1.2

41. 1
20 6
20.4
14 8
5.6
.5

38.5
19 4
19.2
15 0
4.2
.3

43.4
21 8
21.6
15 1
6.5
.2

44 3
22 3
22.0
15 2
6.8
-.3

48.9
24 6
24.3
15 8
8.5
-.3

45 9
21 7
24 2
16 2
80
.1

46 7
22 1
24 6
16 4
8 2
-.2

46 2
21 9
24 3
16 5
78
-.1

48.4
22 9
25.5
17 1
8.4
.9

48 3
92 9
25 4
17 1
83
.4

51.0
24 2
26.8
17.6
9.2
-.9

21 7

22 3

23 0

23 3

23 7

588.7

'52. 2
24.7
27.5
17 6
'9.8
.0

r

do

18 0

20 0

22 0

18 2

18 8

19 1

19 8

20 3

21 0

21 2

do

502.6

518.2

554.9

503.5

502. 1

500.4

512.5

521.9

537.8

544.5

552.4

556.8

565.2

571.8

579.6

Personal consumption expenditures, total. .do

328.2

336.8

355.4

328.7

330.3

330.7

334. 9

337.9

343.8

348.8

352.9

362.9

367.4

370.4

374.9

44.9
18.8
19.1
151.8
28 1
79.5
11 7
131 5
19.5
41 9
10.7

43 6
17.1
19.2
155.1
28 6
81.1
11 9
138 0
20 4
44 1
10 7

48.2
20.4
20.2
161.4
29.8
84.2
12.3
145 7
21.5
46 6
11.3

44 6
18.3
19.1
152.0
28 3
79.4
11 8
132 2
19 6
42 1
10 7

43 9
17.9
18.8
152.3
27 7
79.9
11 9
134 2
19 9
42 8
10 8

41 2
15.7
18.3
153.9
28 2
80.6
11 9
135 6
20 0
43 3
10 7

43 1
16.7
19.1
154.5
28 2
81.0
11 7
137 3
20 4
43 8
10 6

43 9
17.0
19.6
155.3
28 6
81.2
11 9
138 8
20 6
44 4
10 7

46 4
18.9
20.0
156.9
29 3
81.6
11 9
140 5
20 8
45 0
10 8

47 3
19.7
20.0
158.9
29 7
82.7
12 1
142 6
21 3
45 6
11 1

47 5
20.1
19.8
160.6
29 5
83.9
12 2
144 8
21 5
46 3
11 3

356.7
47 7
19.8
20.3
lt>2.5
29 9
85.0
12 3
146 6
21 5
46 9
11 4

50 5
22.2
20.6
163.6
29 9
85.2
12 6
148 9
21 8
47 6
11 6

50 6
22.0
20.9
165.3
30 2
85.8
12 8
151 4
22 2
48 2
11 8

51 0
22.3
20.7
165.9
29 7
86.3
13 0
153 5
22 4
48 8
12 1

50 8
21.5
21.3
168.6
30 9
87.2
13 1
155 5
22 8
49 5
12 2

Net interest
Gross national product, total.

Durable goods, total©
..do
Automobiles 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_
Gross private domestic investment, total
New construction. _
Residential nonfarm
Producers' durable equipment
Change in business inventories
Nonfarm
Net exports of goods and services
Exports
Imports __

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

Govt. purchases of goods and services, total.. do
Federal (less Government sales)
do
National defense 9
do
State and local
do
By major type of product:
Final sales, total
Goods, total
Durable goods
Nondurable goods
Services
Construction

_ do
do_ .
do
_do
do
do

71.8

69.0

78.8

70.9

65.3

59.6

66.6

72.0

77.6

77.3

79.6

78.9

78.8

77.8

80.7

40 7
21.1
27 6
3.5
32

41 6
21.0
25 5
1.9
15

44 4
23.2
28.8
5.5
4 9

40 5
21.0
27 7
2.7
23

40 7
20.5
26 8
-2.3
—2 7

39 3
19.0
24 6
-4.3
—4 6

41 0
20.1
24 5
1.1
g

42 6
21.9
25 8
3.5
32

43 2
22.8
27 1
7.2
6 9

41 7
21.2
27 4
8.1
76

44 5
23.3
28 7
6.5
58

46 0
24.2
29 3
3.6
28

45 0
23.7
29 9
4.0
32

43 7
22.7
29 0
5.1
4 3

45 8
24.8
30 7
4.3
36

83.7
47 9
25.9
31 6
4.2
37

30
26 3
23 3

4 4
27 5
23 1

3.8
28 9
25 1

33
26 7
23 4

4 9
27 0
22 1

54
27 5
22 1

4 3
26 5
22 2

4 1
27 8
23 7

4 0
28 3
24 2

33
27 9
24 6

4 4
29 5
25 0

4 1
29 4
25 3

33
28 8
25 5

36
28 6
24 9

4 8
30 7
25 9

4 3
31 4
27 i

99.6
53.1
45 7
46 5

107.9
57.4
49 o
50 6

117.0
62.4
53 3
54.6

100.5
53.5
45 9
47 0

101.6
53.7
45 9
48 0

104.7
55.4
47 5
49 3

106.8
57.1
49 o
49 7

107.9
57.1
48 6
50 8

112.3
59.8
50 9
52 5

115.1
61.8
52 5
53 3

115.5
61.9
52 9
53 6

117.0
62.4
53 5
54 6

120.2
63.6
54 3
56 6

123.0
65.5
56 4
57 5

123.8
66.5
56 7
57 3

125.7
66.4
56 7
59 4

499 1
253 7
94 2
159. 5
188 8
56 7

516 3
257 3
93 8
163.5
200 4
58 6

549 3
272 8
101 5
171.3
214 5
62 1

500 7
254.1
93 8
160.3
189 9
56 8

504 4
254 3
93 2
161.1
192 8
57 3

504 7
252 8
90 6
162.2
195 3
56 7

511 4
254 6
92 1
162.5
199 1
57 7

518 3
257 6
94 3
163.3
201 5
59 2

530 5
264 0
98 2
165.8
205 7
60 9

536 3
268 1
99 9
168.2
209 0
59 2

546 0
270 7
99 9
170.8
213 5
61 8

553 1
274 8
102 6
172.1
215 2
63 1

561 2
277 4
103 5
174.0
220 2
63 6

566 6
281 7
106 3
175.3
222 5
62 5

575 4
285 6
109 6
176.0
226 5
63 3

584 5
288 2
110 0
178.3
229 6
66 7

6 5
81
36
2 5
3.1
4 8
3.3
1.2
3.4
are not deducted.

4 0
1.3
2.6

51
11
4.0

4 3
30
1.3

42
18
2. 4

1i
Inventory change, total
__ _. do. ..
3.5
55
—2 3
27
7 2
—4 3
19
35
2.9
Durable goods
do
—.4
2.3
—6.6
1.4
4.7
20
—1.5
—2.7
2.2
2.6
Nondurable goods
do —
2.3
1.3
1.1
2.5
1.5
2.6
.4
p
Revised.
cf Includes inventory valuation adjustment.
© Includes data not shown separately.
9 Government sales




24 3

S-l

SUKVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1960

1961 | 1962

Annual total

1961
I

II

December 1963
19B3

1962
III

IV

I

II

III

II

I

IV

1964
III

IV

I

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
GNP in constant (1954) dollars
Gross national product, total
bll. $..

Durable goods
.
Nondurable goods
Services

_

-

447.7

474.8

434.0

443.4

450.4

463.1

467.8

474.0

475.6

481.4

485.3

489.4

495.1

303.6

317.6

298.5

302.2

304.5

309.2

313.0

315. 9

318.6

322.9

325.5

327.0

330.1

42.2
141.4
114.5

do
do
do

439.9

298.1

Personal consumption expenditures total do

41.5
143.3
118.9

45.6
147.8
124.3

39.3
141.9
117.3

40.9
142.9
118.4

41.6
143.5
119.4

44.1
144.7
120.4

44.7
146.0
122.3

44.7
147.4
123.8

45.0
148.8
124.8

47.8
148.9
126.2

48.1
150.1
127.3

48.0
150.5
128.5

48.0
152.6
129.6

New construction
Producers' durable equipment
Change in business inventories

do

60.2

57.5

65.2

49.7

55.6

59.9

64.7

64.4

66.0

64.8

65.2

64.6

66.4

68.6

- do __
do
do

Gross private domestic investment total

34.4
22.7
3.1

34.7
21.0
1.7

36.7
23.8
4.8

33.1
20.2
—3. 6

34.2
20.2
1.2

35.5
21.3
3.1

36.0
22.4
6.3

34.7
22.7
7.0

36.8
23.6
5.7

37.8
24.2
2.9

36.9
24.8
3.4

35.7
24.0
4.9

37.3
25.3
3.8

38.6
26.1
4.0

_-do

1-7

2.3

1.8

3.6

1.9

1.9

1.7

.9

2.6

2.3

1.4

1.8

2.8

2.3

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

79.9
42.3
37.6

84.3
44.8
39.5

90.2
49.0
41.2

82.3
43.1
39.1

83.7
44.6
39.1

84.2
44.6
39.5

87.4
47.0
40.4

89.4
48.7
40.7

89.5
48.8
40.7

89.9
48.8
41.1

91.9
49.6
42.3

93.4
50.6
42.9

93.2
51.0
42.1

94.1
50.7
43.4

DISPOSITION OF PERSONAL INCOME
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income, total
bil. $._
Less: Personal tax and nontax payments
do
Equals: Disposable personal income.
__do

401.3
51.4
349.9

417.4
52.9
364. 4

442. 1
57.7
384. 4

406.6
51.3
355.3

414.5
52.5
362.0

420.2
53.0
367.2

428.0
54.9
373.1

433.5
56.2
377.3

440.7
57.9
009 7
ooZ. I

444.5
58.1
386.5

449.9
58.5
391.4

453.9
59.4
394.5

459.9
59.9
400.0

465.2
60.8
404.4

21.7

27.6

29.1

24.5

27.1

29.2

29.3

28.5

29.8

29.7

28.5

27.1

29.6

29.5

35.68

34.37

37.31

7.57

8.61

8.65

9.54

8.02

9.50

9.62

10.18

8.25

9.74

' 10. 14

do
do __
do

14.48
7.18
7.30

13.68
6.27
7.40

14.68
7.03
7.65

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

3.72
1.79
1.93

4.13
2.03
2.10

3.27
1.62
1.65

3.92
1.96
1.95

'3.95
'1.96
'1.99

do
do __
do
do.
_-_do_.
. do

.99
1.03
1.94
5.68
8. 13
8.44

.98
.67
1.85
5.52
3.22
8.46

1.08
.85
2.07
5.48
3.63
9.52

.21
.17
.41
1.09
.75
1.94

.26
.18
.48
1.39
.81
2.04

.25
.16
.47
1.50
.78
2.16

.26
. 16
. 50
1.54
.88
2.32

.26
.16
.47
1.06
.88
2.06

.27
.26
.60
1.37
.93
2.37

.28
.24
.50
1.54
.87
2.48

.27
.20
.50
1.52
.95
2.60

.24
.21
.39
1.04
.85
2.26

.26
.28
.54
1.40
.95
2.41

Net exports of goods and services

Personal savin01 §
_- _.do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
bil. $_.
M anuf actur ing
Durable goods industries
Nondurable goods industries Mining
Railroads
Transportation, other than rail
Public utilities
Communications.._
Commercial and other
Seas. adj. qtrly. totals at annual rates:
All i ndustrtes

2 9. 05

'4.48
'2.23
'2.25

3.59
1.79
1.80

27
'.28
'!29
.31
'.45
'.54
'1.60 '1.60
.93
'2.64 " 3 3. 71

.24
.26
.50
1.10

33.85

33.50

34.70

35.40

35.70

36.95

38.35

37.95

36.95

do

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

15.00
7.30
7.70

14.85
7.35
7.50

.95
.70
1.75
5.35
3.20
8.15

1.00
. 70
1. 80
5. 50
3.15
7.90

1.00
.65
1.90
5.65
3.20
8.60

1.00
. 60
1.95
5.55
3.35
9.00

1.15
.70
2.05
5.15
3.70
8.75

1.05
.95
2.25
5.40
3.65
9.25

1.10
1.00
2.00
5.75
3.60
9.85

1.00
.80
1.90
5.45
3.60
10.20

1.05
.90
1.70
5.20
3.55
9.65

44,755

4,740

4, 750

4, 760

4,770

4,780

4,790

4,800

4,815

4,825

31, 778

33, 254

7,673

7,535

7,917

8,653

8,246

8,316

8,214

8,478

33.36

' 8, 453 ' 9, 713 8, 388

Nondurable goods industries

do

Mining
Railroads
Transportation, other than rail
Public utilities
Communications

do
do
do
do
do

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

* 4, 658 * 4, 713

U.S. BALANCE OF INTERNATIONAL
PAYMENTS*
Quarterly Data are Seasonally Adjusted
U.S. payments, recorded
mil. $.. 31, 174
Imports:
Merchandise
Military expenditures
Other services

1 10. 92

do

Manufacturing

r

r

38.05

2

'40.00 140. 75
40. 75
15. 30 ' 15. 95 ' 16. 25 16.40
7.65 '8.00 "8.05
8.20
7.65 '8.00
8.20
8.20
1.00
1.05
'1.05
1.05
1.00
1.20 '1.30
1.15
2.05
1.85 '2.05
2.20
5.45 '5.90 '5.80
5.60
3.65
3.85
9.65 ' 10. 20 '314.30 3 14. 35

4,835

4,850

do
do
do

14, 723
3,048
5,434

14, 497
2,934
5,436

16, 145
3,028
5,791

3,386
773
1,318

3,404
764
1,338

3,826
680
1,365

3,881
717
1,415

3,942
754
1,423

4,030
748
1,444

4,127
732
1,423

4,046
794
1,501

'•4,002 ' 4, 170
748
'725
' 1, 507 r 1, 540

do
-__do

672
3,405

705
4,056

736
4,281

187
985

171
856

173
1,029

174
1,186

191
1,075

182
1,078

176
1,045

187
1,083

212
••1,058

_do
do
do
do

3,892
1,694
850
1,348

4,150
1,598
1,011
1,541

3,273
1,557
1,209
507

1,024
458
94
472

1,002
344
219
439

844
399
234
211

1,280
397
464
419

861
199
357
305

834
506
329
-1

711
359
188
164

867
493
335
39

>-926
501
••512
'-87

_

27, 976

30, 313

32, 093

7,428

7,956

7,247

7,682

7,688

7,901

8,327

8,177

' 7, 710

do .
_do

19, 459
7,515

19, 913
8,398

20, 479
9,311

5,050
2,038

4,755
2,088

4,987
2,120

5,121
2,152

5,022
2,184

5,262
2,348

5,270
2,280

4,925
2,499

' 4, 998 ' 5, 481 ' 5, 539
r
2, 449 ' 2, 410 2.452

636
366

1,274
728

1,283
1,020

128
212

851
262

99
41

196
213

155
327

237
54

601
176

290
463

176
87

-3, 198 -1,465 -1, 161
-683
-905 -1,025

-245
-227

421
-390

-670
15

-971
-303

-558
-27

-415
-37

113
-469

-301
-492

'-743
-122

Total, net receipts or payments ( — ) _ . _
do
-3,881 -2,370 -2, 186
-472
31
Net receipts or payments (— ), incl. transactions in
nonmarketable, medium-term convertible Govt.
securities
__
mil $
' Revised.
* Preliminary.
1 Estimates for Oct.-Dec. 1963 based on anticipated capital expenditures of business.
2 Estimates for^Jan.-Mar. 1964 based on anticipated capital expenditures of business
Anticipated expenditures for the year 1963 are as follows (in bil. $): All industries, 39.05;
manufacturing, total, 15.62; durable goods industries, 7.77; nondurable goods industries,
7.85; mining, 1.04; railroads, 1.08; transportation, 1.91; public utilities, 5.64; commercial and
other (incl. communications), 13.75.
3 Includes communications.

-655

-1,274

-585

-452

-356

-793

r

__ _

Remittances and pensions
Govt. grants and capital outflows
U.S. private capital (net).Direct investments
Long-term portfolio
Short-term

_

U.S. receipts, recorded
Exports:
Merchandise
Services and military sales

do
_

Repayments on U.S. Govt. loans
do
Foreign capital other than liquid funds (net). do
Excess of recorded receipts or payments (— )._ -do
Unrecorded transactions (net)
do




-865

'209
r 1, 342
' 1, 727
r
488
'616
'623
r

8, 332

'190
'251
'•-1,381

'142
'-1,239

' 4, 404
707
1,570
193
977
537
276
289
-28
8, 466

420
55
78
-334

'-256

'•-SIS '-1,087 '-81
4 Unadjusted. Data represent firms in operation as of Jan. 1; estimate for Jan. 1, 1963
(based on incomplete data) is 4,797,000.
§Personal saving is excess of disposable income over personal consumption expenditures
shown as a component of gross national product on p. S-l.
JMore complete details are given in the quarterly reviews in 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