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Gross National Product
1962
1961

1962

1963

IV

1963
I

1962
III

II

IV

1961

1962

1963

1963
IV

I

II

III

IV

Seasonally adjusted at annual rates
TABLE 1.— GROSS NATIONAL PRODUCT
(1-3, 1-4)

Billions of dollars

.

Residential nonfarni
Other

579. f>

588. 7

600.1

518. 2

554. 9

585. 1

148.7

137. 7

145.2

144.2

158.0

367. 4

370. 4

374. 9

379. 9

336. 8

355. 4

373. 1

98.0

87.3

92.0

91.4

102.5

48,2
161. 4
145. 7

51. 5
167. 1
154. 5

50, 5
163. 6
148. 9

50. 6
165. 3
151. 4

51 ()
165. 9
153. 5

50. 8
168. 6
155. 5

53. 6
108. 7
157. 7

43. 6
155. 1
138. 0

48. 2
161. 4
145, 7

51. 5
167. 1
154. 5

14.9
46.4
36.8

11.2
37.8
38.3

12.9
40.8
38.4

11.6
40. 9
38.9

15. 9
47.7
39. 0

78.8

82.3

78.8

77.8

80.7

83.7

87.1

69.0

78.8

82.3

19.0

19.5

20.9

20.6

21. I

44.4

46. 6

45, 0

43.7

45. 8

47. 9

49. 2

41.6

44.4

46.6

11.4

9.4

11.8

12. 9

12. 6

23 2
91 0

25, 0
21 6

23. 7
21 2

21 0

24. 8
21 0

25. 9
22. 0

26. 8
•>2 4

21.0
20. 5

23.2
21.2

25. 0
21. 6

5.9
5. 5

4.7
4.7

6.7
5.1

7.0
5. 9

6. 6
6. 0

28.8

... ..

571.8

362. 9

21 0
20 5

Gross private domestic investment..

565. 2

373. 1

41.6

Durable goods
Nondurable goods Services _ . _
__

585. 1

355.4

69.0

.- -

554. 9

336. 8

._
.

518.2

43.6
155. 1
138. 0

Gross national product.. _ _ - .
Personal consumption expenditures

New construction

30.9

29. 9

29. 0

30. 7

31. 6

32. 5

28. 8

30. 9

7.9

6.6

8.2

7.6

8.5

4.7

4.0

5. 1

4.3

4.2

5.4

1. 9

4.7

-.3

3.4

.9

.1

.3

4.2
.5

3.2
.8

4,3
.8

3.6
.6

3.7

5. 1
.3

1.5
.3

4. 2

— .5

3.2
.2

.7
.2

.0
.1

.2
.1

Producers' durable equipment
1.9

Change in business inventories
Nonfarni
Farm

_

1.5
.3

. _ __

4.4

-_.
_.

State and local

3.6

4.8

4.3

5.4

28. 6
24. 9

30.7
25. 9

£i

32. 3
26. 9

117.0

125. 1

120. 2

123. 0

123. 8

12.3. 7

62. 4

66. 3

63. 6

65. 5

66 5

60. 4

53. 3
10.0
.8

56 7
10. 5
1.0

54. 3
10.4
1.1

56. 4
10. 1
1.0

50. 6

N a t i o n a l defense
Other
__
Less: Government sales _.

3.3

28.8

49 0
8.9
.6

.

4.5

30.7
26. 2

107.9

. __

3.8

28.9
25. 1

57. 4

-

Government purchases of goods and services..
Federal

4.9
.7

27. 5
23.1

Net exports of goods and services
Exports
Imports

54. 6

58. 8

56. 6

TABLE 2.— GROSS NATIONAL PRODUCT
IN CONSTANT DOLLARS, AND IMPLICIT PRICE DEFLATORS (1-5, VII-3)

3.8

4.5

1.2

1.0

1.3

.5

1.8

75
•H 1

28. 9
25. 1

30. 7
26. 2

7. 6
6.4

6.9
5.9

7.9
6.6

7.4
7.0

8.5
6.7

127.7

107. 9

117,0

125.1

30. 4

30.0

31.1

31.8

32. 3

06. 0

57. 4

62. 4

66. 3

15. 9

16. 4

16. 6

16.7

16. 6

10. 4
1.0

53. 3
10. 0

s

56. 7
10. 5
1.0

14. 1

14. 5
2.4
.3

13. 9
3.0
2

14.2
2.0

.S

49. 0
8. 9
.6

13. 5 :

10'. 6

56. 7
10 S
1.2

57. 3

59. 4

01.2

50. 6

54. 6

58.8

14.5 |

13. (3

14.5

15. 1

15. 6

9

2. 6

Imp icit price deflators for seasonally adjusted GNP, 1954 = 100

Change in business inventories..
Nonfarm _ _
_
Farm _ _ __

_
_

_

115.7

116.9

118.7

117.4

117.8

118.4

118.9

119. 6

111.0

111.9

113.5

112.4

112.9

113.2

113. 6

114.1

45.6
147.8
124.3

48.6
151.3
129.0

47.8
148.9
126.2

48.1
150.1
127. 3

48.0
150. 5
128. 5

48.0
152. 6
129. 6

50.4
151. 9
130.6

105. 3
108.3
116. 1

105.9
109. 2
117.3

106 0
110.5
119.8

105. 6
109.9
118. 0

105. 3
110. 2
118. 9

106.2
110.2
119. 4

106.0
110.5
120. 0

106. 4
111.1
120. 7

65.2

67.7

65.2

64.6

66.4

68.6

71.4

36.7

37.8

36.9

35.7

37.3

38.6

39. 5

119.7

121. 1

123.5

121. 7

122. 2

122. 7

124. 2

124.6

19.8
16.8

21.0
16.8

20.2
16.8

19. 2
16.5

20.9
16.4

21.6
17.0

9 2 '-*

17.3

115.9
123. 8

117.1
125. 9

119.3
128.7

117.6
126.7

117.7
127. 4

118.6
127.9

119.9
129.6

120.6
129.8

23.8

25.5

24.8

24. 0

25. 3

26.1

26. 8

121. 3

121.0

121.1

120.3

120.7

121.3

121.2

121.1

4.8

4.4

3.4

4.9

3.8

4.0

5.0

4.3
.5

3.9
.6

2.9
.6

4.1
.8

3.1
.6

3.5
.5

4.7
.3

2.3

2.6

1.4

1.8

2.8

2.3

3.3

28.8
26.2

26.9
25.5

26.7
24.9

28.7
25.9

29.4
27.1

30.3
26.9

107.7
99.2

107.1
99.7

106.8
99.9

106. 8
99.9

106. 8
99.9

106.8
99.9

106.8
99.9

106.8
99.9

90.2

93.7

91.9

93.4

93.2

94.1

94.2

127.9

129.7

133.5

130.8

131.6

132.9

133.7

135. 6

44.8
39.5

-_

1.8

27.0
25.2

84.3

__

Government purchases of goods and Services
__

501. 7
332. 8

25.5
23.3

Net exports of goods and services
_. _

495. 1
330. 1

1.6
.2

Producers' durable equipment

489.4
327.0

1.7

Residential nonfarm
Other
_

485.3

325. 5

21.0

._

New construction _

481.4
322.9

18.2
16.6

Gross private domestic investment __

492.9
328.9

34.7

Durable goods
Nondurable goods
Services

474.8

57.5

___

317. 6

41.5
143.3
118.9

._

447.7
303.6

Gross national product.

Exports
Imports

4.9
.7

4.4

GNP in billions of 1954 dollars

Personal consumption expenditures

Federal
State and local

Billions of dollars, unadjusted for seasonal variation

49.0
41.2

50.5
43.2

49.6
42.3

50.6
42.9

51.0
42.1

50.7
43.4

49.8
44.4

127.9
127.9

127.4
132.3

131.2
136.1

128.2
133.8

129. 6
134.0

130.4
135.9

131.0
136.8

133.7
137.7

TABLE 3.— GROSS NATIONAL PRODUCT
BY MAJOR TYPE OF PROUDCT (1-6, 1-7)

Billions of dollars

Billions of 1954 dollars, seasonally adjusted at annual rates

Gross national product _ _

518.2

554.9

585.1

565.2

571.8

579.6

588.7

600.1

447.7

474.8

492.9

481.4

485.3

489.4

495.1

501.7

Final sales
Inventory change

516.3
1.9

549.3
5.5

580.3
4.7

561. 2
4.0

566.6
5.1

575.4
4.3

584.5
4.2

594.8
5.4

446.0
1.7

470.1
4.8

488.5
4.4

478.0
3.4

480.4
4.9

485.6
3.8

491.1
4.0

496.7
5.0

Goods output
_
Final sales___
Inventory change

259.1
257.3
1.9

278.3
272.8
5.5

291.6
286.9
4.7

281.4
277.4
4.0

286.8
281.7
5.1

289.8
285. 6
4.3

292.4
288.2

297.2
291. 8
5.4

233.2
231.5
1.7

249.1
244.4
4.8

259.3
254.9
4.4

251.7
248.2
3.4

256.4
251. 4
4.9

257.8
254.0
3.8

259.8
255.8
4.0

263.4
258.3
5.0

Durable goods output
Final sales
Inventory change

93.4
93.8
—.4

104.4
101.5
2.9

111.8
109.6
2.1

104.8
103.5
1.3

107.5
106.3
1.1

112. 6
109.6
3.0

111.8
110.0
1.8

115. 1
112.6
2.5

81.3
81.6
-.3

91.0
88.5
2.6

97.2
95.4
1.8

91.9
90.7
1.2

94.0
93.0
1.0

97.8
95.2
2.5

97.1
95.5
1.6

100.0
97.8
2.2

165.7
163.5
9 9

173.9
171.3
2 6

179. 9
177.2
2.6

176. 6
174.0
2.6

179.4
175. 3
4.0

177.3
176. 0
1.3

180.7
178.3
2.4

182. 1
179. 2
2.9

151.9
149. 8
2.0

158.1
155.9
2.2

162.1
159.5
2.6

159.8
157.6
2 9

162.4
158.4
3.9

160.0
158.8
1.3

162.7
160.4
2.3

163.4
160.5
2.8

200.4
58.6

214.5
62.1

228.0
65.4

220.2
63.6

222.5
62.5

226.5
63.3

229.6
66.7

233.6
69.3

165.3
49.2

174.4
51.4

180.7
52.9

177.5
52.2

177.8
51.2

180.2
51.4

181.8
53.5

183.1
55.3

17.5

21.7

24.1

23.5

23.3

23.9

23.2

25.9

14.5

17.9

20.0

19.6

19.5

19.7

19.2

21.3

Nondurable goods output ._
Final sales
Inventory change
Services
Construction
Addendum: Auto product




.

13

BUSINESS STATISTICS
I HE 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

1962

1960 | 1961

1960
IV

Annual total

1961
I

II

Data from private sources are provided
1962

III

IV

I

II

1963
III

I

| IV

II

III

IV

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
bil. $

Compensation of employees, total
Wnges and salaries, total
Private
___
M ilitary
Government civilian. _ __ __ _
Supplements to wages and salaries
Proprietors' income, totaled
Business and professionald"
Farm
Rental income of persons
Corporate profits and inventory valuation
ment total
-

414.5

426. 1

453. 7

412.8

411. 1

423.2

429 0

441 0

444 7

452 4

455 5

46° 2

466 7

474 6

482.0

do

National income, total

293 6

302.1

322.9

293.9

294 0

300 1

304 4

309 9

316 0

322 5

395 3

397 7

332 0

338 7

342. 8

347. 9

271. 3
222.9
9 9
38.5
22.3
46 2
34.2
12 0
12 1

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

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
19. 1

276.9
10 0
41.2
23.1
47 6
35.0
12 6
12 1

281.0
228. 8
10 0
49 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
4Q 8
36 6
13 2
12 0

301.
244
10
46

3
9
4
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

319.4
258. 1
11. S
49. 5
28. 5
50 8
38.2
I9 6
12 2

do
_do._.
do
do _
do
do
do._
do
do
adjustbil. $

90?: Q

5
7
5
3

9f? 9

50
36
13
12

44 5

43.8

47.0

41 5

38.8

43.6

44.0

48 6

46 1

46 5

46 1

49 3

48 8

50 1

52 2

do
do
do
do
do
do

44.3
22 3
22 0
14.5
7 5

46.8
22 2
24.6
16.6
8. 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

45 9
21 7
24 2
16.2
8 0
1

46 7
22 1
24 6
16.4
8 2
— 2

46
21
94
16
7
—

4«
29
25
17
8

4
9
5
1
4
q

48 3
25 4
17 1
8 3
4

51 0
24 9
26 8
17.6
9 2
9

522

9

43.8
22 0
21.8
15.3
6.5
.0

do

18 0

20 0

22 0

18 8

19 1

19 8

20 3

91 0

21 9

21 7

22 3

93 ()

23 3

23 7

24 3

25 0

do

502.6

518. 2

554. 9

502. 1

500.4

512.5

521.9

537.8

544 5

552 4

556 8

565 2

571 8

579 6

588 7

600. 1

Personal consumption expenditures, total _. do

Corporate profits before tax, total
Corporate profits tax liability
Corporate profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Net interest
Gross national product, total

2
9
3
5
8
1

99 9

27 5
17 6
9 8

n

18.8
— 1. 1

328.2

336.8

355. 4

330. 3

330. 7

334. 9

337.9

343.8

348.8

352.9

356. 7

362.9

367.4

370. 4

374. 9

379. 9

do
do
do_
do
do
do
do
do
do
do_
do_

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

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

47.3
19 7
9
00
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

47 7
19 8
20 3
162. 5
°9 9
85.0

50 5

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

50 6
22 0
20 9
165. 9
3
30
85. 8

51 0
22 3
20 7
165. 9
29 7
86. 3
13 0
153 5
29 4
48 8

50 8
2l' 5
21 3
168. 6
30 9
87.2
13 1
1 55 r)
92 8
49 5

19 1

12 9

53. 6
23 3
22 3
168. 7
30 4
87.4
13 2
157 7
•>3 0
50 9
l'> 3

do

71.8

69.0

78.8

65. 3

59.6

66.6

72.0

77.6

77.3

79.6

78.9

78.8

77.8

80. 7

83.7

87. 1

New construction
Residential nonfarm..
Producers' durable equipment
Change in business inventories
Nonfarm
_ _

do
do
do
do
do

40 7
21. 1
27.6
3 5
3.2

41 6
21.0
25.5
19
1.5

44 4
23.2
28,8
5 5
4.9

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 l
.8

42 6
21.9
25. 8
3 5
3.2

43 2
22.8
27.1
7 2
6 9

41 7
21 2
27.4
81
7 6

44 5
23 3
28.7
6 5
58

46 0
24 2
29.3
3 6
2 8

45 0
23 7
29.9
4 0
3 2

43 7

29.0
5 1
4 3

45 8
24 8
30.7
4 3
36

9^' 9
31.6
4 9
3 7

49 •>
26 8
32.5
•-) 4
5 1

Not exports of goods and services
Exports
Imports
___ _ _

do
do
do

30
26 3
23.3

4.4
27 5
23.1

28 9
25. 1

4 9
27 0
22 3

5 4
27 5
22. 1

4 3
26 5
29 2

4 1
27 8
23 7

4 0
98 3
24 2

3 3
27 9
24 6

4 4
29 5
25 0

4 1
29 4
25 3

33
28 8
25 5

3 6
°8 6
94 9

4 8
30 7
25 9

4 3
31 4
97 ]

5 4
3-) '-5

Govt. purchases of goods and services, totaL.do
Federal (less Government sales)
do
National defense 9
do
State and local _
.
do

99.6
53 1
45.7
46 5

107. 9
57.4
49.0
50 6

117.0
62.4
53.3
54.6

101.6
53 7
45.9
48 0

104.7
55 4
47.5
49 3

106.8
57 1
49.0
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
•-9 4

127.7
66 6

do
do
do.
do
do_
do

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

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
1 65. 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
913 5
61.8

553. 1
274. 8
109 6
172.1
215 2
63. 1

561.2
277.4
103 5
174.0
290 2
63.6

566. 6
281.7
106 3
175. 3
922 5
62. 5

575. 4
285. 6
109 6
176.0
226 5
63. 3

584. 5
288. 2
110 0
3 78. 3
229 6
66. 7

594. 8
291.8
112 6
179. 2
033 ^
69.3

___ do_
do
do

3.5
2 3
1.1

1.9
-4
2;2

5 5
2 9
ll

—2 3

—4 3
—6 6
2.3

1 1
—1 5
2 6

3 5
'> 0

8 1
6 5
4 0
3 6
4 8
2 5
31
4 7
13
2 5
3.3
;i4
1.2
2! 6
9 Government sales are not deducted.

5 1
1 i
4.0

4 3
30
1.3

4 2
1 8
2 4

•>' •> Q

Durable goods, total©.
Automobiles and parts
Furniture and household equipment
Nondurable goods, total 0
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil
Services total ©
Household operation
Housing
_ _ _ _ _
Transportation _ _ ^ _ _
__
Gross private domestic investment, total

By major type of product:
Final sales, total
Goods, total
Durable goods
Nondurable goods
Services
_
Construction

_ __

Inventory change, total
Duruble goods
Nondurable goods
" Revised.

cf Includes inventory valuation adjustment.




.4

OQ 6

© Includes data not shown separately.

1. 5

19 3

146
21
46
11

6
5
9
4

99 2

20 6
163. 6
29 9
85.' 2
12 6
148 9
91 8

47 6
11 6

19 g

151
29
48
11

4
9
2
8

S-l

9(, (J

61 •>

SURVEY OF CURRENT BUSINESS

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

I960

| 1961 j 1962

1961

1

Annual total

II

1962

III

IV

1903

1964

!

1

in ! iv

II

I

!

j

II

!

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
-_ bti. $._

439. 9

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

501 . 7

298. 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

332. 8

do
do
do

42. 2
141.4
114. 5

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

50. 4
lr,1.9
130. 6

Gross private domestic investment, total. ..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

71.4

34.4

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
94 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

39 T
26.8
5.0

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

_
--

New construction _
Producers' durable equipment
Change in business Inventories

do
do
do

Net exports of goods and services

do

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
Personal saving §
._
___do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
bil. $

Mining
Railroads
Transportation, other than rail
Public utilities
Communications
Commercial and other

_

.

do
do
do
do
do. do
do
do
do

1.7

o g

1.8

3.6

1.9

1.9

1.7

.9

2.6

2.3

1.4

1.8

2.8

2.3

3. 3

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

94.2
49.8
44.4

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. •>
362.0

420. 2
53. 0
367. 2

428.0
54. 9
373.1

433. 5
56. 2
377. 3

440.7
57.9
382. 7

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

4~3 0
62. 1
410. 9

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

31.0

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

1 10. 92

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

4.48
2.23
2.25

3. 59
1.79
1.80

.99
1.03
1.94
5.68
3.13
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

.27
.29
.45
1.60
.93
2.64

.28
.31
.54
1.60

.24
.26
.50
1.10

33.50

34.70

35.40

35. 70

36.95

38. 35

37.95

36.95

38. 05

40.00

140.75

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

15.30
7. 65
7.65

15.95
8.00
8.00

16. 25
8.05
8.20

16. 40
8.20
8.20

.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

1.00
1.00
2.05
5. 45
3.65
9.65

1.05
1.20
1.85
5.90
3.85
10.20

1.05
1.30
2.05
5.80

1.05
1.15
2.20
5.60

314.30

3 14. 35

4. 860

Seas. adj. qtrly. totals at annual rates:

"T> urahi goo d L"indimfrrlpq, ~
i
Die
, . •,

do
-i

Mining
Railroads
Transportation, other than rail
Public utilities

do
do
do
do

C

do

i 1

rl othpr

__

33.85

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

Manufacturing
Durable goods industries
Nondurable goods industries

"s!i

BUSINESS POPULATION
Firms in operation, end of quarter (seasonally adjusted)
thous.. * 4, 658 4 4, 713

44,755

4, 740

4, 750

4. 760

4. 770

4. 7SO

4,790

4, 800

4, 815

4, 825

4, 835

4, 850

U.S. BALANCE OF INTERNATIONAL
PAYMENTS!
Quarterly Data are Seasonally Adjusted
U S navments recorded
mil $

31,174

31, 778

33, 254

7, 673

7, 535

7,917

8, 653

8, 246

8, 316

8, 214

8,478

8,453

9,713

14, 723
3. 018
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
080
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
748
1, 507

4,170
725
1,540

4,404
707
1,570

Remittances and pensions
Govt. grants and capital outflows

do
do

072
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

209
1,342

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

1, 727
488
616
623

27, 976

30. 313

32, 093

7,428

7, 956

7,247

7, 682

7, 688

7, 901

8,327

8,177

7.710

8, 332

8, 466

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
2, 449

5, 481
2,410

5,539
2,452

Repayments on U S Govt loans
do
Foreign capital other than liquid funds (net) .do

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

190
251

420
55

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

-245
-227

421
-390

-670
15

-971
303

— 558
27

-415

113
469

-301
-492

-743
122

-1,381
142

78
-334

-472
-3,881 -2,370 -2, 186
Total, net receipts or payments (— )
do
31
\et receipts or payments (—), incl. transactions in
nonmarkctablc, medium-term convertible Govt.
securities
mil . $. _
f
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

-5S5

-452

-356

-793

-865

-1,239

-256

40. 75

537
276
289
— 28

do

33.36
2

193
977

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

33.71

9.05

8,388

do
do
do

2

Imports:
Merchandise
ATilitary expenditures
Other Cervices

J 8 receipts recorded
Exports:
Merchandise
Services and military sales

Excess of recorded receipts or payments ( — ) _ _ . do
Unrecorded transactions (net)
do




O-7

f 4, 365

-5, 789

?-202

-515 -1,087
-81 z-177
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.
|More 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