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SUEVEY OF CURRENT BUSINESS

June 1968

NATIONAL INCOME AND PRODUCT TABLES
1966
1966

1967

1968

1967

IV

II

III

IV

1966
1966

1967

1967

IV

Seasonally adjusted at annual rates

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)
743.3

Durable goods
Nondurable goods
Services

Nonresidential
Structures
Producers' durable equipment
Residential structures
Nonfarm
__ __ _ _ _ _ _
Farm

_

__

_

_

_

Change in business inventories
Nonfarm
Farm

652. 6

669.3 661.1

660.7

664.7

672. 0

679. 6

689.7

495.3

501. 8

518.7

418.0

430. 1

420.4

424. 2

430.6

431. 5

434. 0

444.7

72.1
217. 5
202.1

70.6
210.3
192.9

69.4
214.2
196.6

72.5
217.2
200.0

72.7
218.5
204.1

73.8
220.3
207.7

78.4
228.1
212.1

71.3
187.7
159.1

72.1
193. 0
165. 0

71.1
188.4
160.9

69.7
191.8
162.6

72.9
193.6
164.1

72.7
192. 8
166.0

73.0
193.6
167.4

77.1
198.6
169.0

112.1 122.2

110.4

105.1

112.2

120.8

118.0

105.6

96.9

108.4

96.9

91.3

96.4

103. 0

99.5

107.0

103.7

103.3

104.6

108.4

111.6

115. 4

93.0

92.1

91.2

90.2

90.9

92.9

94.4

96.9

80.2
27.9
52.3

82.6
26.8
55.7

82.8
27.7
55.1

81.9
27.7
54.2

81.5
26.3
55.2

82.8
26.6
56.2

84.0
26.7
57.3

87.2
28.5
58.7

72.8
23.6
49.2

73.0
21.8
51.2

74.2
23.0
51.2

73.0
22.9
50.1

72.6
21.7
51.0

73.2
21.5
51.7

73.3
21.4
52.0

75.5
22. 7
52.8

24.4
23.8
.5

_ _ _

807.3 826.7

489.7

24.4
23.9
.6

20.9
20.4
.5

21.4
20.9
.6

23.1
22.5
.6

25.6
25.0
.6

27.6
27.0
.6

28.2
27.6
.6

20.2
19.7
.5

19.1
18.6
.5

17.0
16.5
.5

17.3
16.8
.5

18.3
17.8
.5

19. 7
19.2
.4

21.0
20.6
.4

21.4
21.0
.4

13.4
13.7
— 3

Fixed investment —

791.2

480.2

104.6

Gross private domestic investment

766.3 775.1

473.8

118 0

_

762.1

491.7

70.3
207.5
188.1

-- -

785.0

465.9

Gross national product
Personal consumption expenditures

5.2
4.8
4

18.5
19.0
— 5

7.1
7.3
— 2

.5
.6
— l

3.8
3.4
4

9.2
7.7
1.5

2.7
1.8
.9

12.6
12.9
— 3

4.8
4.4
.4

17.2
17.7
—.5

6.7
6.8
— 2

.4
.5
—.1

3.5
3.2
.4

8.7
7.2
1.5

2.5
1.7
.9

5.1

Exports
Imports

_ _

4.8

4.3

5.3

5.3

5.4

3.0

1.7

4.4

3.6

3.2

4.1

4.1

4.2

1.9

.6

43.0
37.9

Net exports of goods and services

45.3
40.6

44. 0
39.7

45.3
39.9

45.1
39.8

45.6
40.2

45.4
42.4

47.2
45.5

40.8
36.4

42.5
38.9

41.2
38.0

42.4
38.3

42.3
38.2

42.8
38.6

42. 5
40.7

44.3
43.7

176.3 161.7

170.4

175.0

178. 2

181.7

188.3

124.5

138.7

129.1

135.5

138.7

139.9

140.7

145.0

Federal
National defense
Other

77.0
60 5
16 5

89.9
72 5
17 4

81.5
65 6
15.9

87.1
70 2
16.8

89.5
72 5
17.0

90.9
73 S
17.6

92.2
74 2
18.0

96.2
76 7
19.5

64.7

74.1

67.8

72.3

74.4

75.1

74.7

77.9

State and local

77.2

86.4

80.2

83.3

85.4

87.4

89.5

92.1

59.9

64.6

61.3

63.2

64.3

64.9

66.0

67.1

Government purchases of goods and services

154 3

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

743.3

Final sales
_
Change in business inventories

785. 0

762.1

766.3

775.1

791. 2

807. 3

826.7

652.6

669. 3

661.1

660.7

664.7

672. 0

679.6

689.7

729. 9
13.4

Gross national product

779.8
5.2

743.6
18.5

759.2
7.1

774.6
.5

787.4
3.8

798.1
9.2

824.0
2.7

639.9
12.6

664.5
4.8

643.9
17.2

654.0
6.7

664.3
.4

668.5
3.5

671.0
8.7

687.2
2.5

379 6

396 0

391 7

388 1

392.1

398 7

405.2

415.2

353 7

361.4

361.1

356 6

359.5

362.9

366.5

372.5

366.2
13.4

390.8
5.2

373.2
18.5

380. 9
7.1

391.6
.5

394.9
3.8

396.0
9.2

412.5
2.7

341.0
12.6

356. 6
4.8

343. 9
17.2

349.9
6.7

359.1
.4

359.4
3.5

357.8
8.7

369.9
2.5

154.6
144.7
9.9

158.5
155.7
2.7

161.1
148.3
12.8

153.9
150.5
3.4

155.5
156.0
-.6

161.4
157 9
3.5

163.1
158. 6
4.5

166.3
165.1
1.2

150.0
140.6
9.3

150.2
147.8
2.4

154.2
142.3
11.9

146.6
143.6
3.0

148. 3
148.9
-.6

153.0
149.8
3.2

152.9
148.8
4.1

154.9
153.8
1.1

225.0
221} 5
35

237.5
235.1
25

230.6
224.9
57

234.2
230.5
3.7

236. 6 237.3 242.1
235.5 237.0 237.4
3
11
4.7

248.9 203.7 211. 2
247.4 200.4 208.8
2.4
15
33

206. 9
201.6
5.3

210.0
206.3
36

211.2
210.2
1.0

209.8
209.5
.3

213. 6
209.0
4.6

217.6
216.1
1.5

Services ._

287 2

311 2

296 9

303 1

307.8

313 5

320.3

326.7

235 2

245.8

239 8

242 7

244.4

246.9

249. 2

251.4

Structures

76.5

77.8

73.5

75.2

75.2

79 0

81.8

84.8

63.7

62.1

60.2

61.3

60.8

62. 3

64.0

65.8

689.7

Goods output
Final sales
Change in business inventories _
Durable goods
_
Final sales
Change in business inventories

_ _
_ _ _ _ _

Nondurable goods
Final sales
Change in business inventories

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
743.3

785.0

762. 1 766.3

775.1

791.2

807.3

826.7

652.6

669.3

661.1

660.7

664.7

672.0

679.6

666 7

699 6

681 9

683 9

690.9

705 2

718 7

736.1

597 5

610 2

604 2

602 7

606.0

612.5

619.6

628.9

_

642.4
617 6
24 8

673.6
649 6
24.0

656.9
633 0
23.9

658.7
635 1
23.6

665.3
641 9
23 3

679.0
654 6
24 4

691.4
666 6
24 8

708.8
683 8
25.0

578.9
556 4
22.4

590.5
566 4
24.1

585.1
562 7
22.4

583.6
559 9
23.7

586 6
563 0
23.6

592.7
568.4
24.2

599.2
574.4
24.7

608.7
584.4
24.3

Households and institutions

20 1

21 5

20 6

21 1

21 4

21 2

22 1

22 9

14 7

15 3

14 9

15 1

15 3

15.0

15.6

16.0

4.2

4.6

4.4

4.1

4.2

4.9

5.1

4.4

4.0

4.4

4.3

4.0

4.0

4.8

4.9

4.3

76 6

85.3

80.2

82.5-

84.2

86 0

88.6

90.6

55 0

59.1

56.9

57.9

58.7

59.6

60.0

60.8

Gross national product

_ _ _ _ _ _

Private. .
Business
Nonfarm
Farm

Rest of the world
General government




_

' „ •_

CURRENT BUSINESS STATISTICS

JLHE STATISTICS here update series published in the 1967 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.50) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1963 through 1966 (1956-66 for major quarterly series), annually, 1939-66; for selected series,
monthly or quarterly, 1947-66 (where available). Series added or significantly revised after the 1967 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (f), respectively; certain revisions for 1966 issued too late for inclusion in the 1967 volume appear in the monthly
SURVEY beginning with the September 1967 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding
to revised annual data are available upon request.
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.
1965

Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS

1966

1967

Annual total

1966

1965
I

II

III

IV

I

II

1968

1967
IV

III

II

I

III | IV

I

Seasonally adjusted quarterly totals at annual rates

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

683.9

743.3

785.0

662.7

675.4

690.0

708.4

725.9

736.7

748.8

762.1

766.3

775.1

791.2

807.3

826.7

do_ __

433.1

465.9

491.7

420.2

428.1

436.4

447.8

458.2

461.6

470.1

473.8

480 2

489 7

495.3

501. 8

518. 7

66.0
29.9
27.0

70.3
29.8
29.9

72.1
29.3
32.0

65.2
30.4
25.8

64.2
29.2
26.1

66.1
29.8
27.3

68.6
30.3
28.9

71.6
31.4
29.4

68.2
28.5
29.1

70.9
29.8
30.6

70.6
29.6
30.6

69 4
27 3
31.4

72 5
29 7
31.9

72.7
29.9
32.1

73.8
30.1
32.6

78.4
33.2
34.2

191.2
36.1
99.0
15.1

207.5
40.3
106.7
16 2

217.5
42.8
110.6
17.5

184.6
34.6
95.6
14.3

189.8
35.6
98.3
15.1

192.4
36.2
99.4
15 3

198.0
37.8
102.5
15 7

203.2
39 5
105.2
15 8

207.1
39 8
107. 0
16 2

209.5
41 0
107.3
16 3

210.3
40 8
107 2
16 6

214 2
41 5
109 3
17 1

217 2
43 2
110 1
17 5

218.5
43 7
110 9
17 5

220.3
43 1
112 2
17 8

228. 1
45. 4
115.1
18 6

do
do
do
do

175 9
25.7
63.6
12 6

188 1
27 0
67.1
13 6

202 1
28.2
71.3
14 7

170 4
24 7
61.9
12 0

174 2
25 5
63.2
12 5

177 8
26 1
64.2
12 8

181 2
26 5
65 3
13 1

183 5
26 1
66 2
13 2

186 3
26 9
66 5
13 5

189 8
27 4
67 4
13 7

192
27
68
14

196 6
27 8
69 6
14 4

200 0
28 1
70 6
14 6

204 1
28 1
71 9
14 8

207 7
28 8
73 3
15 1

?12 1
29 1
75.0
15 5

do

107.4

118.0

112.1

105.1

105.1

108.2

112.3

115 2

118.5

116 4

122 2

110 4

105 1

112 2

120 8

118.0

98.0
71.1
25.1
46.0
27.0
26.4
9.4
8.4

104.6
80.2
27.9
52.3
24.4
23.8
13.4
13 7

107.0
82.6
26.8
55.7
24.4
23.9
5.2
4.8

94.4
67.3
23.1
44.1
27.2
26.6
10.6
10 1

96 3
69.3
24.7
44.6
27.0
26.5
8.8
7.9

98 8
71.9
25.1
46.8
26.9
26.4
9.4
7.9

102 4
75.7
27.3
48.3
26.8
26.2
9.9
87

105 3
78.3
28.3
50.0
27 0
26.5
9.9
96

104 5
78.7
27.5
51.2
25.8
25.3
14.0
14.4

104 9
81 2
28.2
53.1
23 7
23.2
11.4
12 0

103 7
82 8
27.7
55.1
20 9
20.4
18.5
19 0

103 3
81 9
27 7
54.2
21 4
20 9
7.1
7 3

104 6
81 5
26 3
55 2
23 1
22 5
.5
6

108 4
82 8
26.6
56.2
25 6
25.0
3.8
3.4

111 6
84 0
26 7
57.3
27 6
27 0
9.2
77

115.4
87.2
28.5
58.7
28.2
27.6
2.7
1.8

6.9
39 1
32.2

5.1

43 0
37.9

4.8
45 3
40.6

6.1
35 1
28.9

8.2
40 7
32.6

7.4
40 3
32.9

6.1
40 5
34 4

6.1
42 0
36 0

5.4
42 5
37.1

4.6
43 7
39 0

4.3
44 0
39 7

5.3
45 3
39 9

5.3
45 1
39 8

5.4
45 6
40.2

3.0
45 4
42 4

1.7
47.2
45.5

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

136.4
66.8
50.1
69.6

154.3
77.0
60.5
77 2

176.3
89.9
72.5
86 4

131.3
64 3
48.4
66 9

133.9
65.4
49.2
68 6

138.1
67.6
50.3
70 4

142.3
69 8
52 4
72 5

146.5
72 1
55.1
74 3

151.2
74.9
58.4
76 2

157.7
79 5
63.0
78 1

161.7
81 5
65 6
80 2

170.4
87 1 70 2
83 3

175.0
89 5
72.5
85 4

178.2
90 9
73.3
87 4

181.7
92 2
74.2
89 5

188.3
96.2
76.7
92.1

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

do
do
do
do
do
do

674 5
337 2
132 8
204.4
262 9
74.4

729 9
366 2
144 7
221 5
287 2
76.5

779 8
390 8
155 7
235 1
311 2
77.8

652 0
325 9
129 6
196 3
254 6
71 6

•666 5
332 8
130 0
202 9
260 1
73 6

680 6
340 2
133 9
206.3
266 0
74 4

698 5
349 9
137 9
212 0
271 0
77 6

716 0
359 6
143 2
216 4
276 6
79 9

722 6
361 7
141 6
220 1
283 5
77.4

737 4
370 3
145 8
224 5
291 6
75 5

743 6
373 2
148 3
224 9
296 9
73 5

759 2
380 9
150 5
230 5
303 1
75 2

774 6
391 6
156 0
235.5
307 8
75.2

787 4
394 9
157 9
237 0
313 5
79 0

798 1
396 0
158 6
237 4
320 3
81 8

824.0
412.5
165 1
247.4
326.7
84.8

do
do
do

9.4
6 7
27

13.4
99
35

5.2
2 7
2 5

10.6
8 7
20

8.8
70
18

9.4
71
23

9.9
50
49

9.9
74
2 5

14.0
9 7
43

11.4
99
15

18.5
12 8
57

7.1
34
37

.5
— 6
1i

3.8
35
3

9.2
45
4 7

2.7
1.2
1.5

601.5

609.7

620.7

634.4

645.4

649.3

654.8

661.1

660.7

664.7

672.0

679.6

689.7

389.1

394.1

400.7

4Q9.9

416.2

415. 2

420.4

424.2

430.6

431.5

434.0

444.7

72 7
192.8
166 0

73 0
193.6
167 4

77.1
198.6
169.0

Gross national product, total
Personal consumption expenditures, total

Durable goods, total 9 _ _ _ _ _ _
__ _ _ do
Automobiles and parts
do
Furniture and household equipment
do
Nondurable goods, total?
Clothing and shoes
Food and beverages
Gasoline and oil
Services total 9
_•
Household operation
Housing
_ _
Transportation

- - do_ _
do
___do _
do
_

Gross private domestic investment, total

Fixed investment
do
NonresidentiaL _ _ _ _
_ _ _ _do
Structures
_
_ _do_ _
Producers' durable equipment
do
Residential structures
_
do
Nonfarm___
_ _ _ _ _do_ _
Change in business inventories
do
Nonfarm
do
Net exports of goods and services
Exports
Imports
_

- -

_
_
_ _

Change in business inventories
Durable goods _ _
Nondurable goods

do_ _
do
do

9
7
5
0

GNP in constant (1958) dollars
Gross national product, total
Personal consumption expenditures, total
Durable goods
Nondurable goods
Services
Gross private domestic investment, total

bil. $__

616.7

652.6

669.3

do

398.4

418.0

430.1

do
do
do

66 4
178. 9
153 2

71 3
187 7
159 1

72 1
193.0
165 0

65 0
174 7
149 4

64 1
178 0
152 0

66 8
179 3
154 6

69 5
183 6
156 8

73 0
185 8
157 3

69 3
187 7
158 2

71 9
188 8
159 8

71 1
188 4
160 9

69 7
191 8
162 6

72.9
193.6
164 1

do

98.0

105. 6

96.9

95.9

95. 9

98.3

101.6

104. 0

106. 5

103.6

108. 4

96.9

91.3

96.4

103.0

99.5

92 4
69 7
22 6
9.2

94 5
71 8
22 8
9.5

93 1
71 7
21 4
13.4

93 0
73 6
19 4
10.6

91 2
74 2
17 0
17.2

90 2
73 0
17 3
6.7

90 9
72.6
18.3
.4

92 9
73 2
19.7
3.5

94.4
73.3
21.0
8.7

96.9
75.5
21.4
2.5

420.4

Fixed investment
NonresidentiaLResidential structures
Change in business inventories

do
do
do
do

89 1
66.0
23.2
8.8

93 0
72 8
20 2
12.6

92 1
73 0
19.1
4.8

Net exports of goods and services

do

6.0

44

3.6

52

68

6 4

56

54

48

41

32

41

4.1

4.2

1.9

.6

Govt. purchases of goods and services, total do
114 3
124 5 138 7
Federal
do
74 1
57 8
64 7
State and local
do
56 4
64 6
59 9
r
Revised.
*> Preliminary.
9 Includes data not shown s sparately

111 3
56 3
55 0

112 9
57 1
55 8

115 3
58 5
56 7

117 4
59 3
58 0

119 9
61 2
58 7

122 7
63 4
59 4

126 6
66 4
60 1

129 1
67 8
61 3

135 5
72 3
63 2

138. 7
74 4
64 3

139 9
75 1
64 9

140.7
74 7
66.0

145. 0
77.9
67.1




86 6
62 9
23 7
9.3

87 9
64 5
23 4
8.0

89 6
66 7
23 0
8.7

S-l

SURVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS

1965

1966

1967

Annual total

1966

1965
III

June 1968

IV

I

II

1967
III

IV

I

II

1968
III

IV

I

II

III

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

562.4

616.7

650.2

566.5

582.8

600.3

610.4

622.1

634.1

636.4

641.6

653.4

669.3

686.2

do

393.9

435.7

469.7

397.2

408.4

420.8

430.7

441.2

450.2

459.1

463.4

472.6

483.6

497.6

do
do _
do
do
do

359.1
289.8
12.1
57.1
34.9

394.6
316.7
14.7
63.2
41.1

423.8
337.5
16.4
69.8
45.9

362. 0
292.1
12.1
57.8
35.2

372.4
300.0
13.1
59.4
36.0

381.3
306.9
13.6
60.7
39.5

390.2
313.8
14.2
62.2
40.5

399.6
320.1
15.1
64.3
41.6

407.4
326.1
15.8
65.6
42.7

414.7
331.4
16.1
67.3
44.4

418.3
333.2
16.2
68.9
45.2

426.2
339. 4
16.3
70.6
46.4

435.9
346.2
17.3
72.5
47.6

447.6
355. 9
17.6
74.0
50.0

56.7
41.9
14.8
19.0

59.3
43.2
16.1
19.4

58.4
43.6
14.8
20.1

57.2
42.0
15.2
19.1

57.8
42.5
15.3
19.2

60.0
42.8
17.1
19.2

59.3
43.3
16.0
19.3

59.2
43.3
15.9
19.4

58.6
43.4
15.1
19.6

57.8
43.2
14.6
19.8

57.8
43.4
14.3
20.0

58.8
43.8
15.0
20.2

59.3
44.1
15.2
20.4

59.9
44.4
15.5
20.6

74.9

82.2

79.6

74.9

78.7

81.1

81.3

81.9

84.6

78.1

78.3

79.2

82.7

'84.2

8.4
66.5
38.7
16.5
22.2

9.3
72.9
43.1
18.7
24.4

9.7
69.9
39.3
18.0
21.3

8.4
66.5
38.6
16.5
22.1

8.6
70.0
41.0
17.4
23.7

8.9
72.2
42.7
18.3
24.3

9.0
72.2
42.5
18.5
24.0

9.5
72.4
42.7
18.8
23.9

9.6
75.0
44.4
19.2
25.3

9.6
68.5
39.6
18.4
21.1

9.5
68.8
38.9
17.8
21.1

9.6
69.6
38.2
17.7
20.5

10.0
72.7
40.6
18.3
22.4

10.5
'73.7
41.9
19.4
22.5

11.2
16.6

11.9
18.0

12.0
18.6

11.2
16.7

12.0
17.0

11.7
17.8

12.0
17.8

11.8
17.9

12.0
18.6

11.7
17.3

11.9
18.0

12.1
19.3

12.3
19.8

12.5
19.3

76.6
31.4
45.2
19.8
25.4
-1.7
17.9

83.8
34.5
49.3
21.5
27.8
-1.6
20.2

80.7
33.2
47.5
22.8
24.7
-1.2
22.4

75.8
31.1
44.8
20.2
24.6
-.9
18.2

80.8
33.1
47.7
20.9
26.8
-2.2
18.8

83.7
34.5
49.2
21.4
27.8
-2.6
19.3

83.6
34.5
49.2
21.6
27.6
-2.3
19.8

84.0
34.6
49.4
21.6
27.8
-2.2
20.4

83.9
34.6
49.3
21.2
28.2
.7
21.1

79.0
32.5
46.5
22.2
24.2
-.8
21.6

78.9
32.5
46.5
23.1
23.4
-.7
22.1

80.0
32.9
47.1
23.4
23.6
-.8
22.7

85.1
35.0
50.1
22.4
27.6
-2.3
23.3

'88.7
'36.2
'52.5
23.2
'29.2
-4.5
23.9

do
do.___

537.8
65.6
472.2
445.0
27.2

584.0
75.2
508.8
479.0
29.8

626.4
81.7
544.7
505.9
38.7

544.6
65.2
479.4
448.5
30.9

556.1
66.7
489.4
460.1
29.3

567.8
70.4
497.5
470.9
26.6

577.3
74.1
503.3
474.6
28.7

589.3
76.9
512.4
483.2
29.2

601.6
79.6
522.0
487.4
34.6

612.9
80.2
532.7
493.9
38.8

619.1
79.1
540.0
504.0
36.0

631.0
82.8
548.2
509.6
38.5

642.5
84.7
557.9
516.2
41.6

659.0
87.5
571.5
533.5
38.0

bil $
do_ _
do
do

51.96
22.45
11.40
11.05

60.63
26.99
13.99
13.00

61.66
26.69
13.70
13.00

13.41
5.73
2.91
2.82

14.95
6.72
3.48
3.24

12.77
5.61
2.87
^2.74

15. 29
6.78
3.51
3.27

15.57
6.84
3.54
3.30

17.00
7.75
4.07
3.68

13.59
6.10
3.08
3.02

15.61
6.81
3.46
3.34

15.40
6.48
3.33
3.15

17.05 ' 14. 28
7.30 '5.79
3.82 '2.96
3.48 '2.82

Mining
Railroad
_
Transportation, other than rail
Public utilities
Communication
Commercial and other

do
do
do
do
do
do

1.30
1.73
2.81
6.94
4.94
11.79

1.47
1.98
3.44
8.41
5.62
12.74

1.42
1.53
3.88
9.88
5.91
12.34

.32
.44
.72
1.88
1.22
3.10

.35
.46
.73
2.04
1.41
3.25

.33
.40
.75
1.60
1.26
2.83

.40
.55
1.00
2.09
1.42
3.06

.37
.48
.82
2.36
1.36
3.33

.38
.55
.86
2.36
1.58
3.52

.32
.41
.70
1.84
1.35
2.87

.34
.41
1.12
2.46
1.49
2.99

.37
.35
.98
2.66
1.46
3.09

.39
.36
1.07
2.92
1.62
3.39

Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing
Durable goods industries^
Nondurable goods industries^

do
do
do
do

52.75
23.00
11.75
11.25

55.35
24.15
12.45
11.70

58.00
25.60
13.15
12.45

60.10
26.80
13.85
12.95

61.25
27.55
14.35
13.20

62.80
27.75
14.50
13.25

61.65
27.85
14.20
13.70

61.50
27.00
13.75
13.25

60.90
26.15
13.50
12.65

62.70
26.00
13.50
12.55

Mining
Railroad _
_ _
Transportation, other than rail
Public utilities
Communication
Commercial and other

do
do
do
do
do
do

1.25
1.70
3.00
6.75
5.05
11.95

1.35
1.95
3.00
7.30
5.30
12.25

1.40
1.75
3.30
8.25
5.35
12.35

1.55
2.00
3.50
8.30
5.50
12.45

1.45
1.85
3.40
8.55
5.60
12.85

1.45
2.35
3.50
8.50
5.95
13.30

1.40
1.80
3.05
9.20
5.75
12.55

1.30
1.55
3.90
9.70
5.80
12.25

1.45
1.40
4.10
9.80
6.05
11.95

1.60
1.55 '1.55
1.50
1.35
1.40 ' 1.65 '1.30
4.75
4.45 '4.35 '3.65
10.65 ' 11. 60 ' 11. 40 10.75
6.35
6.05
12.65 ' 13. 00 '319. 00 s 19. 30

' 10,084
' 6, 811
'229
'1,473
'1,571

' 10,120
'6,925
'206
'1,345
' 1, 644

National income, total
C ompensation of employees total
Wages and salaries, total
Private
Military
_
_
Government civilian
Supplements to wages and salaries
Proprietors' income total 9
Business and professional 9
Farm
Rental income of persons

do
do
do
do

Corporate profits and inventory valuation adjustment total
bil $
By broad industry groups:
Financial institutions
do
Nonfinancial corporations, total
do
Manufacturing total
do
Nondurable goods industries
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

do
do
do
do
do
do
do

,
"

DISPOSITION OF PERSONAL INCOME
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income, total.
Less: Personal tax and nontax payments

__bil. $
do

Less: Personal outlays©
Equals: Personal saving§
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
Manufacturing.
Durable goods industries^
Nondurable goods industries^

U6. 37 2 16. 73
7.02
'6.97
3.68
'3.63
3.34
'3.34

.40
'.36
'.40
.34
'.37
'.34
'.98 '1.04
1.16
2.92
'2.33 ' 2. 90
1.48
'2.96 ' 3 4. 71 34.88
'
'
'
'

64. 90 ' 1 64. 60 2 66. 05
26. 35 ' 27. 65 28. 30
14.90
13. 65 ' 14. 45
13.40
12. 70 ' 13. 20

U.S. BALANCE OF INTERNATIONAL
PAYMENTScf
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants)
mil. $ '39,197 r 43, 144 ' 45, 757
26,244 ' 29, 176 '30,468
Merchandise adjusted, excl. military
do
'829
r 1, 239
Military sales
___
_ _
do
'830
' 5, 894 ••6,252 ' 6, 859
Income on U.S. investments abroad
do
' 6, 887 ' 7, 191
Other services
do
'6,229

' 10,528 ' 10,645 ' 10,912 ' 11,059
' 7, 188 ' 7, 179 ' 7, 369 ' 7, 440
'205
'200
'205
'219
'1,478 ' 1, 537 ' 1, 589 '1,648
' 1, 662 T 1, 710 ' 1, 749 ' 1, 766

' 11,371 ' 11,377 ' 11,513
' 7, 661 ' 7, 703 7,626
'245
336
'335
' 1, 594 ' 1, 556 ' 1, 827
' 1, 781 ' 1, 782 ' 1, 815

' 11,496
' 7, 478
'323
'1,882
' 1, 813

pll,867
•p 7,924
p306
v 1,761
v 1,876

r
Imports of goods and services
do___ ••-32,29 ' -38, 06 r -40, 98 ' -8, 25 '-8,62 r -9, 02 '-9,33 ' -9, 77 '-9,92 - 10,07 '-10,10 '-10,15 '-10,64 p— 11,49
Merchandise, adjusted, excl. military.. . _ _do_ _ ••-21,516 ' -25, 54 r -26, 99 '-5,56 ' -5, 78 ' -6, 036 '-6,263 '-6,56 '-6,67 ••-6,686 '-6,60£>'-6,541 ' — 7, 15 p-7,84
'-962 '-979 '-1,072 '-1,06£>'-l,09£\ '-1,10 p 1 10
' -2, 945 r -3,736 ' -4,339 '-761 '-793 '-872 '-923
-563 '-560 ' -560 ' -575 '-598 p -650
-469 '-476 ' -479 '-556
Income on foreign investments in the U.S__do.__ -1, 729 -2, 074 r -2,293 '-430
Other services
do
' -6,ioe ' -6,712 ' -7,365 ' -1,49 ' -1,58 -1, 636 ' -1,671 ' -1,69CJ ' -1,71 ' -1,760 ' -1,878\ ' -1,94C) ' -1,78 p-1,89
Unilateral transfers, net (excl. military grants);
transfers to foreigners ( )
mil $ ' -2,834 -2,925 ' -3,075 '-711 '-680 '-845 '-732 '-701 '-647 '-730 ' -859 ' -845 ' -641 p -639
r
Revised.
v Preliminary.
©P ersonal 3utlays (jomprise personal consum ption ex penditures, interest paid by con1
sume rs, and personal t ransfer p ayments to foreigilers.
Estimates for Apr.-June 1968 based on anticipate capita expendit ures of bu siness.
d
§Pe rsonal sa ving is e xcess of d isposabk income over per sonal outlays,
2 Estimates for July-Sept. 1968 based on antici pated ca pital exp 3nditures of busir ess.
HD ata for iridividua durable and nor durable goods in dustries components appear in the
Anticipated expenditures for the year 1968 are as foll( (in b l.$):Alliiidustries, 65.78; ni£inu}ws
Mar., June, Se pt., and Dec. issu es of the SURVEY
facturing, total, 27.63; durable goods industries, 14 40; nond urable g Dods indu stries, K1.24;
cfJV lore com plete deteuls are gr/en in the> quarter y reviews in the Mar., June, Sept., and Dec.
mining, 1.63; railroad, 1.44- transportation, 4.46; pu Dlic utilit ies, 11.17; commun cation, t .67;
3
issues of the S URVEY. Revised data bac k to 1960 appear MI p. 32 ff. of the June 1968 issue.
commercial and other, 12.77.
Includes commun cation.
9 Includes inventory valuation adjustment.




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