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SURVEY OF CUREENT BUSINESS

March 1975

NATIONAL INCOME AND PRODUCT TABLES
1973
1973

1974*

III

1974
IV

I

II

1973

III

IV*

1973

1974*

III

1974
IV

Seasonally adjusted at annual rates

I

II

III

IV*

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)
1,294.9 1,397.4 1,308.9 1,344.0 1,358.8 1,383.8 1,416.3 1,430.9

Gross national product

Fixed investment
Nonresidential
Structures
Producers' durable equipmentResidential structures
Nonfarm
Farm
Change in business inventories.
Nonfarm
Farm

840.8

845.7

830.5

827.1

823.1

804.0

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

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

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

107.8
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

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

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

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

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
.4

96.3
26.7
69.7
26.4
26.0
.4

96.5
26.6
69.9
25.7
25.3
.4

94.1
25.4
68.7
23.6
23.1
.4

89.2
26.1
63.1
20.4
20.1
.4

15.4
11.4
4.0

Gross private domestic investment.

821.2

876.7

194.0

Durable goods
Nondurable goods _.
Services

839.2

805.2
130.3
338.0
336.9

Personal consumption expenditures...

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

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

8.2
6.4
1.8

5.0
3.9
1.1

10.9
10.7
.2

Exports
Imports
Government purchases of goods and services

9.1

Federal
National defenseOther
State and local

3.9

2.1

6.7

9.3

11.3

-1.5

-3.1

1.9

4.6

9.0

5.8

7.9

11.6

8.2

7.3

100.4
96.4

140.2
138.1

103.7
96.9

113.6
104.3

131.2
119.9

138.5
140.0

143.6
146.7

147.5
145.7

66.6
62.0

71.9
62.9

66.9
61.1

68.9
61.0

73.3
61.8

73.4
65.1

70.9
63.6

60.9

276.4

309.2

276.9

286.4

296.3

304.4

312.3

144.4

146.0

143.7

145.7

146.0

145.8

145.9

146.3

106.6
74.4
32.2
169.8

Net exports of goods and s e r v i c e s -

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

57.3

56.5

56.2

56.4

56.3

56.3

56.5

57.0

87.0

;9.5

87.5

19.7

19.5

19.4

89.3

124.5
84.0
40.6
199.3

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
Gross national product-

,294.9 1,397.4 1,308.9 1,344.0 1,358.8 1,383.8 1,416.3 1,430.9

839.2

821.2

840.8

845.7

830.5

827.1

823.1

804.0

Final sales
Change in business inventories.
Goods output.

,279.6 1,383.2 1,297.0 1,315.1 1,341.9 1,370.3 1,407.6 1,413.1
15.4
14.2
11.8
16.9
8.7
28.9
13.5
17.8
651.9
681.7
622.7
670.3
629.9
653.6
682.6
664.9

828.4
10.8

812.5

832.7
8.0

825.7
20.0

819.9
10.6

818.9
8.2

818.1
5.0

793.1
10.9

458.8

465.1

449.1

448.9

446.0

427.1

450.8
8.0

445.1
20.0

438.5
10.6

440.8
8.2

441.0
5.0

416.3
10.9

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

252.6
251.7

258.7
250.2

248.9
244.2

253.6
244.2

245.8
244.4

239.2
239.6

459.1

Final sales
Change in business inventoriesDurable goods
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

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

Nondurable goods
Final sales
Change in business inventories.

372.4
366.5

413.4
406.9

377.1
374.2

401.0
392.8

418.2
402.9

416.2
413.2

418.1
418.6

253.1
249.9

6.0

2.9

590.3

540.2

137.8

Structures..

6.5

534.4

Services... .

136.8

384.1
14.1

137.2

8.2

15.4

3.0

-.5

3.3

569.7

579.2

597.8

614.5

304.5

137.1

138.8

553.2

139.7

136.7

133.9

75.5

8.7
442.8
434.1
8.7
195.9
191.0
4.9
246.9
243.1
310.9
67.5

.8

8.5

4.7

9.4

1.4

306.9

307.8

310.7

308.3

310.7

75.1

72.8

70.7

69.8

66.4

313.7
63.2

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1. 7, 1.8)
Gross national product .
Gross domestic product..
Business — _ .
Nonfarm
Farm

1,294.9 1,397.4 1,308.9 1,344.0 1,358.8 1,383.8

839.2

821.2

840.8

845.7

830.5

827.1

823.1

804.0

840.7

823.5

824.1

819.8

800.0

759.2
731.0

740.9
713.9
27.0

741.4
712.7
28.7

736.6
708.0
28.6

716.5
690.8
25.7

1,286.5 1,385.6 1,300.6 1,335.2 1,344.0 1,374.1 1,405.2 1,418.9

. . . . .

833.9

816.9

835.7

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
60.2
51.1
52.1
56.5
64.4
60.5
53.8

.

Households and institutions
General government .
Federal_.
State and local

1,416.3 1,430.9

753.1
725.8
27.4

733.8
706.3
27.5

754.4
728.6
25.8

18.5

18.9

18.8
62.4
21.1
41.3
5.1

41.3
._

Rest of the world
Addendum: Gross private product _ . . .

47.0

42.0

43.0

44.6

46.5

48.0

166.5
57.9
108.7

62.3
21.3
41.0

64.1
21.1
43.0

12.0

5.2

4.3

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

8.4

11.9

8.3

8.9

14.7

9.7

11.1

48.8

1,146.5 1,236.6 1,159.5 1,190.7 1,202.5 1,225.0 1,254.7 1,264.4

776.9

757.1

778.4

28.2

19.1

18.8

18.9

18.8

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

5.0

7.0

3.0

3.3

4.0

767.0

763.2

758.8

739.2

18.7

782.8

*Net exports (and related totals) revised.

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 SUKVEY 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

1_HE STATISTICS here update series published in the 1973 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
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 (f), 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.
OF CURRENT BUSINESS.

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

1974

1973

1972

1971

IV

I

II

1973
III

Annual total

IV

I

|

1974

III

II

IV

i

| n

III

| IV

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
1,083.2 1,115.0 1,143.0 1,169.3 1,204.7 1,248.9 1,277.9 1,308.9 1,344.0 1,358.8 1,383.8

1,416.3 ' 1,430.9

1,158.0 1,294.9

1,397.4

729.0

805.2

876.7

683.8

701.5

720.6

736.8

757.2

781.7

799.0

816.3

823.9

840.6

869.1

901.3

895.8

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

118.4
53.1
48.7

130.3
57.5
55.0

127.5
49 7
58.8

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
56.2
60.4

120.7
43.7
57.8

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

do
do
do
do

299.7
63.0
143.7
25.0

338.0
70.2
165.1
28.3

380.2
74.1
187 7
35 9

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
75.7
191.3
37.9

391.7
73.7
196.0
37.5

Services total 9
Household operation
Housing
Transportation

do
do
do
do

310.9
43.3
107.9
21.8

336.9
47.3
116.4
23.4

369 0
52.9
126.4
26.1

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

383.5
56.0
130.9
27.1

179.3

209.4

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

194.0
136.8
47.0
89.8
57.2
56.7
15.4
11.4

195.2
149.2
52.0
97.1
46.0
45.2
14.2
11.9

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
150.9
51.0
99.9
46.2
45.4
8.7
6.6

191.6
151.2
53.7
97.5
40.4
39.7
17.8
17.5

3.9

2.1

-6.9
68.8
75.7

-4.8
73.3
78.1

-5.3
78.5
83.8

6.7

9.3

140.2
138.1

-7.1
69.1
76.1

.5

100.4
96.4

155.4
107.8
38.4
69.4
47.6
47.0
5.4
4.4
-3.4
62.0
65.4

164.5
112.7
40.7
72.0
51.8
51.2
5.0
4.1

do
do
do

170.8
116.8
41.1
75.7
54.0
53.4
8.5
7.8
-6.0
72.4
78.4

88.8
89.5

95.4
94.9

103.7
96.9

113.6
104.3

11.3
131.2
119.9

-1.5
138.5
140.0

-3.1
'1.9
143.6 ' 147.5
146.7 r 145. 7

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

255.7
104.9
74.8
150.8

276.4
106.6
74.4
169.8

309.2
116.9
78.7
192.3

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

1,149.5 1,279.6
do
535. 2
607.3
do
240.9
do _ _ 214.3
321.0
366.5
do
488.1 534.4
do
126.1
137.8
do

1,383.2

1,077.8

8.5
7.1

15.4

14.2

5.0
2.7

8.0
5.8

10.7

11.8

7.7

9.0

6.5

5.1

2.2

2.2

3.4

3.9

3.0

2.9

28.9
14.8
14.1

16.9

6.1

6.0

11.0
13.2
-2.2

10.0

7.7

5.4
.3

10.2

9.4

1.4

8.2

13.5
-1.8
15.4

792.5

839.2

821.2

759.1

770.9

786.6

798.1

814.2

832.8

837.4

840.8

845.7

830.5

827.1

539.7

542.7

547.2

528.2

107.8
225.8
213.7

92.8
221.4
214.1

Gross national product, total f

bil. $

Personal consumption expenditures, total..do

_

Gross private domestic investment, total...do...
Fixed investment
. .
Nonresidential
Structures
Producers' durable equipment
Residential structures
.. ..
Nonfarm
..
Change in business inventories
Nonfarm
Net exports of goods and services
ExDorts
Imports
-

By major type of product:!
Final sales total
Goods total
Durable goods
Nondurable goods
Services
Structures
Change in business inventories
Durable goods
Nondurable goods

do
do . .
do
do
do
do
do
- do

do
__do
do

656.1
249.2
406.9
590.3
136.8

501.8
197.0
304.7
459.3
116.8

-.8

1,110.0 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
514.3
529.4
541.0
556.2
585.8 600.9
618.0 624.7
635.0
651.3
204.6
210.6
218.3
223.6
237.8 241.2
243.9 240.6
242.3
248.5
309.7
318.9
322.7
332.6
347.9 359.7
374.2 384.1 392.8
402.9
472.1
481.5
492.4
506.5
516.0 528.3 540.2 553.2
569.7
579.2
123.6
124.1
125.6
130.9
137.1 138.0
138.8 137.2
137.1
139.7
6.8

8.7

323.8
124.5
84.0
199.3

1,407.6 '1,413.1
673.0
664.8
259.8
246.2
413.2
418.6
597.8 ' 614.5
136.7
133.9
8.7
5.7

3.0

17.8
18.3
-.5

GNP in constant (1958) dollars!
Gross national product, totalf

bil. $_.

Personal consumption expenditures, total..do

527.3

552.1

539.5

504.1

512.8

523.2

531.2

542.2

553.7

552.9

555.4

546.3

823.1 ' 804.0

do
do
do

104.9
220 2
202.2

113.6
228.6
209.9

103.1
223.7
212.6

96.3
212.6
195.2

99.8
214.4
198.6

103.0
219.8
200.4

106.8
221.3
203.0

110.1
225.4
206.6

117.2
228.7
207.1

115.7
228.3
209.7

114.3
230.0
211.2

107.2
227.4
211.7

105.2
223.9
210.6

106.8
223.6
212.2

Gross private domestic investment, total do

125.0

138.1

126.7

114.8

119.4

123.2

126.6

130.9

134.4

136.3

135.8

145.8

133.3

130.3

122.7

120.5

122.7
96.3
26.4
10.6

122.2
96.5
25.7
8.2

117.7
94.1
23.6
5.0

109.6
89.2
20.4
10.9

Durable goods
Nondurable goods
Services

Fixed investment
Nonresidential
..
Residential structures
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

122.0
87.2
34 8
8.8

128.4
94.3
34.1
7.8

127.1
92.2
35.0
7.3

127.7
95.1
32.6
8.0

125.8
96.0
29.8
20.0

127.3
94.4
32 9
10.8

118.0
94.0
24 0
8.7

110.2
78.6
31 6
4.6

115.2
81.3
33 8
4.2

116.6
82.4
34 2
6.6

-3.0

4.6

9.0

-2.4

-4.9

'9.1
11.5
7.9
3.5
5.8
8.2
7.3
1.4
-1.9
-1.4
-3.6
146.3
145.9
145.8
146.0
145.7
143.7
144.1 143.9
143.0
141.8
143.8
57.0
56.5
56.3
56.4
56.3
57.7
59 5
62 5
56.2
58.9
59 2
89.3
89.7
89.5
89.4
89.3
86.2
87.5
85.2
82.4
83.8
81.3
revisions prior to May 1973 for personal income appear on pp. 22-23 of the July 1974 SURVEY.
9 Includes data not shown separately.

144.4
142.6
143.8
146.0
62 9
62 4
56 5
57 3
80.2
89.5
80.9
87.0
r
Revised.
* Preliminary.
>
f Revised series. Estimates of nationalincome and product
and personal income have been revised back tc 1971 (see p. 11fl\of theJuly 1974 SURVEY);

570-630 O
 - 75 - SI


118.1
83.8
34 3
8.5

118.0
83.7
34 3
7.0

143.1
61 0
82.1

Ol. O

O^. T
t

OU. O

OW. U

(JU.

**

Ul« U

(Jt/.W

wc/.f

-^*v«w

w ^ . *

„ - - _

s-1

XVEI

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

1972

I 1973

1972

1974

Annual total

Do

UUKJ

II

ill

March 1975

1973
IV

I

II

1975

1974

III

IV

I

II

III

IV

158. 93 163. 61
150.8
155.8

167.31
160.2

172.07
164.7

177.97
169.6

157.8
150.7
183.8
202.9

162.3
154.9
190.0
208.8

167.5
160.4
195.9
214.1

174.9
169.6
197.9
221.4

I

II

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT—Con.
Quarterly Data Seasonally Adjusted at Annual

Rates

Implicit price deflators :t
Gross national product
Index, 1958=100.. 146.12
138.2
Personal consumption expenditures
do
Gross private domestic investment:
144.8
Fixed investment
do
139.6
Nonresidential
do
157.4
Residential structures
do
178.6
Govt. purchases of goods and services
do
National Income, totalf
bil. $. 946.5

147.96
139.7

149. 95
141.4

152. 61
144.3

155. 67
147.0

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

154.3
146.1
178.1
192.6

932.5

954.3

987.0

1,027.6

855.8

699.0

712.6

732.9

759.1

691.6
545.1
20.6
126.0
94.4

750.7
592.4
21.2
137.1
105.1

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

776.7
683.6
538.7
20.3
124.5
93.1

75.9
54.9
21.0
25.9

96.1
57.6
38.5
26.1

93.0
61.2
31.8
26.5

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 2

105.1

106.2

89.5

92.9

99.8

17.6
74.5
40.8
19.0
21.8

19.6
85.5
47.6
21.5
26.1

P30.5
P16.9

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

9.2
24.6

P30.2

8.9
23.6

9.5
24.8

41.5
57.7
27.3
30.3

9.2
28.7
122.7
49.8
72.9
29.6
43.3

141.4
P56.0
P85.4
32.7

96.0
40.3
55.7
27.1

-7.0
45.6

-17.6
52.3

-35.2
61.6

944.9
142.4
802.5
749.9
52.6

154.31
145.9

170.18
162.5

152.4
144.9
174.0
191.5

165.3
158.7
191.4
211.8

143.8
139.3
154.6
176.5

1,065.6

'1,143.0

707.1

786.0

626.8
491.4
20.5
114.8
80.3

Proprietors' income, total 9
do
Business and professional 9
do
Farm
_
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment, total
bil. $..
By broad industry groups:
Financial institutions
do
Nonflnanci al corporations, total
do
Manufacturing, total
do
Nondurable goods industries._
do
Durable goods industries
do
Transportation, communication, and public
utilities
.bil. $..
All other industries
do—
Corporate profits before tax, total
do..
Corporate profits tax liability
do..
Corporate profits after tax
.do..
Dividends
do..
Undistributed profits
do..
Inventory valuation adjustment.
do..
Net interest
do..
DISPOSITION OF PERSONAL INCOME f

Compensation of employees, total
Wages and salaries, total
Private
Military
Government civilian..
Supplements to wages and salaries

Quarterly Data Seasonally Adjusted at Annual

do
do
do
do.—
do
do

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

1,077.3 1,106.3 1,118.8

1,130.2 1,155.5 '1,167.6

793.3

814.8

828.8

848.3

868.2

877.7

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
602.5
20.8
138.2
106.7

769.2
605.1
22.0
142.1
108.6

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

60.7
29.1
26.3

92.1
62.3
29.8
26.6

91.6
62.5
29.1
26.8

103.9

105.0

105.2

106.4

107.7

105.6

105.8

105.6

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

P21.1
P84.4

33.3
15.3

9.9
26.6

9.4
27.2

28.4

9.2
30.3

7.1
33.7

8.0
30.1

8.6
28.0

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

9.5
28.8
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

-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

-28.5
65.9

1,055.0 1,150.5
170.8
151.3
979.7
903.7
902.7
829.4
77.0
74.4

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
144.1
869. 5
804.2
65.3

1,039.2
147.2
892.1
822.5
69.6

1,068.0
154.2
913.9
840.7
73.2

1,099.3 1,112.5 1,134.6
159.9
168.2
161.9
939. 4
950. 6
966.5
850.1
866.2
894.9
89.3
84.4
71.5

1,168.2
175.1
993.1
927.6
65.5

1,186.9
178.1
1,008.8
922. 3
86.5

P85.4
P47.3

P52.8

157.0 v 134.1
62.7 P 5 3 . 0
94.3 P81. 1
33.3
33.2
61.1 P47.8

1

25.33
10.46
'4.87
'5.60

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

88.44
31.35
15.64
15.72

99.74
38.01
19.25
18.76

112. 40
46.01
22.62
23.39

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

r 31. 92
' 13. 63
-6.64
'6.99

do.
do.
do.
do.
do.

57.09

61.73

66.39

14.38

14.12

15.83

13.69

15.57

15.42

17.05

14.61

16.89

16.61

- 18. 29

2.42
1.80
2.46
1.46

2.74
1.96
2.41
1.66

3.18
2.54
2.00
2.12

.61
.48
.73
.39

.59
.38
.61
.35

.63
.47
.63
.40

.63
.46
.52
.32

.71
.46
.72
.43

.48
.57
.44

.71
.56
.60
.47

.68
.50
.47
.34

.78
.64
.61
.49

.80
.64
.43
.58

'.91
'.78
'.48
'.71

'.87
'.66
'.46
'.53

do.
do.
do.
do.
do.

17.00
14.48
2.52
11.89
20.07

18.71
15.94
2.76
12.85
21.40

20.55
17.63
2.92
13.96
22.05

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
5.57

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

'5.67
'4.80
'.87
3.78
'5.97

'4.3'
'3.81
'.56

do.
do.
do.
do.

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
47.04
23.08
23.96

116.22
'r 48.08
23.28
' 24.80

1113.22
' 47.55
' 22. 04
'25.51

do.

66.75

56.70

58.30

60.68

61.18

62.09

63.12

64.31

66.08

66.94

' 68. 14

' 65.6'

3.27
£.68
1.84
2.16

' 3.56
'3.05
'1.81
'2.71

'3.59
'2.83
'2.06
'2.6'

do.
do.
do.

2.38
1.88
2.89
1.53

2.40
1.50
2.67
1.41

Other transportation
do.
17.01
Public utilities
do.
16.60
14 32
14.62
Electric
do
2
2.38
Gas and other
do.
.-27
11.56
Communication.
do...
11.59
20.16
Commercial and other
do
19.88
r
Revised.
v Preliminary.
* Estimates (corrected for systematic biases) for Jan.Mar. and Apr.-June 1975 based on expected capital expenditures of business. Expected
2
expenditures for the year 1975 appear on p. 17 of the March 1975 SURVEY.
Includes
communication.
f See corresponding note on p. S-l.
9 Includes inventory valuation




189.9
1,051.2

155.4
147.9
179.7
196.5

Rates

Personal income, total...
bil. $..
Less: Personal tax and nontax payments
do
Equals: Disposable personal income
do
Less: Personal outlays©
-do—
Equals: Personal saving§
do—
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
Manufacturing
Durable goods industries 1
Nondurable goods industries ^

145. 31 146. 50
137.7
138.7

2.46
1.71
2.33
1.42

2.59
2.11
2.21
1.53

2.77
1.75
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

14. g

2 7.98

20.16 ' 2 0 . 9 3 ' 20.14
20.12
20.97
19.80
18.38
18.08
18.58
17.53
17.47 '17.76 ' 16.93
17.12
18.10
16.72
15.55
16.00
15.40
14.67
'3.1
2.68
3.00
2.87
3.08
2.52
2.58
2.98
2.86
14.04
14.01
13.83
13.94
13.24
12.70
13.12
12.63
12.34
' 22. 04 2 34.
22.84
21.63
21.55
21. 36
21.35
20.21
21.53
21.69
adjustment.
0 Personal outlays comprise personal consumption expenditures, interest
paid by consumers, and personal transfer payments to foreigners.
§ Personal saving is excess of disposable income over personal outlays.
_
ifData for individual durable and nondurable goods industries components appear in ine
Mar., June, Sept., and Dec. issues of the SURVEY.

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