The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
SURVEY OF CUEBENT BUSINESS December 1966 NATIONAL INCOME AND PRODUCT TABLES 1965 1963 1964 1965 II III 1965 1966 IV I II III 1963 1964 1965 II Seasonally adjusted at annual rates III 1966 IV I II III 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 590.5 631.7 681.2 672.9 686.5 704.4 721.2 732 3 744.6 551.0 580.0 614.4 607.8 618.2 631.2 640.5 643. 5 649.3 Personal consumption expenditures 375.0 401.4 431.5 426.8 435 0 445.2 455.6 460 1 469.9 353.3 373.8 396.2 392.2 398.9 406.5 412.8 412 2 418.3 53.9 168. 6 152.4 59.4 66.1 64.4 178.9 190.6 189.4 163.1 174.8 173.0 66.7 191.4 176.9 68. 0 197.0 180.2 70.3 67 1 70.2 201.9 205.6 208.1 183.4 187.4 191.5 53.7 162.2 137.4 59.1 66.4 170.5 178.2 144.2 151.6 64.2 177.6 150.4 67.2 178.5 153.1 69.2 182.5 154.8 72.2 184.1 156.5 68.5 185.8 157.9 71.6 187. 1 159.6 106.7 111.9 114.5 118.5 115.0 82.5 86.5 97.8 95.3 97.9 102.2 103.5 106.3 102.5 Durable goods _ Nondurable goods Services __ __ _ _ _ __ _ • _. 87.1 93.0 106.6 103.7 81.3 54.3 19.5 34.8 27.0 26.4 .6 5.9 5.1 g 88.3 60.7 21.0 39.7 27.6 27.0 .6 4.7 5.3 — 6 97.5 69.7 24.9 44.8 27.8 27.2 .6 9.1 8.1 9 96.0 67.9 24.6 43.3 28.1 27.5 .6 7.6 6.7 g 98.0 101.5 105. 6 70.2 73.9 77.0 24.4 26.8 28.5 45.8 47.1 48.5 27.8 27.6 28.6 27.3 27.0 28.0 .5 .5 .5 8.9 8.7 10.4 8.5 7.2 9.0 5 14 15 106.2 78 2 27.9 50.3 28.0 27 4 .6 12.3 12 1 2 105. 1 80.3 27.7 52.6 24.8 24.3 .6 9.9 10.4 — 5 76.7 51.9 17.9 34.0 24.8 24.2 .5 5.8 5.1 g 81.9 57.4 18.9 38.5 24.6 24.0 .5 4.6 5.2 — 6 89.0 64.9 21.7 43.2 24.1 23.6 .5 8.8 8.0 .9 88.0 63.4 21.7 41.7 24.5 24.0 .5 7.3 6.5 .8 89.4 65.5 21.3 44.2 23.9 23.4 .5 8.5 7.1 1.4 91.9 68.4 23.2 45.2 23.5 23.0 .5 10.2 8.9 1.3 95. 0 70.8 ?A3 46.4 24.3 23.8 .5 8.5 8.0 .4 94.7 71.3 23.6 47.7 23.4 22.9 .5 11.6 11.4 2 93.5 73.0 23.2 49.8 20.5 20.0 .5 9.1 9.6 — .5 5.9 32. 3 26.4 8.5 37.0 28.5 7.0 39.0 32.0 8.2 40.5 32.3 7.1 40.1 33.0 6.1 40.3 34.2 6.0 41.7 35.6 4.7 41.9 37.3 4.2 43.4 39.2 5.6 32.1 26.6 8.5 36.4 28.0 6.3 37.3 31.0 7.1 38.7 31.6 6.4 38. 4 31.9 6.0 38.7 32.8 5.9 40.1 34.2 4.6 40.3 35.8 4.2 41.8 37.6 Government purchases of goods and services Federal. _ _ _ . .__ National defense Other State and local _ _ 122.5 64.2 50 8 13.5 58.2 128.9 65.2 50 0 15 2 63.7 136.2 66.8 50 1 16 7 69.4 134.3 65.6 49 1 16 5 68.7 137.7 67.5 50 7 16 8 70.2 141.2 69.8 52 5 17 3 71.4 145.0 71.9 54 6 17.4 73.1 149.0 74.0 57 1 16 9 75.0 155.5 78.3 61 3 17.0 77.2 109.6 59.5 111.3 57.8 114.1 57.8 113.2 57.3 115.0 58.3 116.6 59.3 118.3 60.4 120.4 61.9 124.3 64. 9 50.1 53.4 56.3 55.9 56.7 57.3 57.9 58.5 59.4 Addendum: Implicit price deflator for seasonally adjusted GNP, 1958-100 107.2 108.9 110.9 110.7 111.0 111.6 112.6 113 8 114.7 Gross private domestic investment Fixed investment Nonresidential Structures __ Producers' durable equipment Residential structures Nonfarm Farm. C hange in business inventories Nonfarm Farm l__ Net exports of goods and services Exports. -_ Imports.. _ _ __ •___ Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5) Gross national product... 590.5 631.7 681.2 672.9 686.5 704.4 721.2 732.3 744.6 551.0 580.0 614. 4 607.8 618.2 631.2 640.5 643.5 649.3 Final sales Change in business inventories 584.6 5.9 627.0 4.7 672.1 9.1 665.3 7.6 677.8 8.7 694.0 10.4 712.3 8.9 720.0 12.3 734.6 9.9 545.2 5.8 575.4 4.6 605.6 8.8 600.5 7.3 609.7 8.5 621.0 10.2 632.0 8.5 631.9 11.6 640. 2 9.1 298.6 318.2 344.7 338.8 347. 5 358. 8 366.0 371.6 378. 9 289.7 307.2 328. 5 322.5 330.9 341.0 344.7 346.7 352.1 Goods output . - _ _ - 292. 7 5.9 313.6 4.7 335.7 9.1 331.2 7.6 338.8 8.7 348.4 10.4 357.0 8.9 359. 3 12.3 369.0 9.9 283.9 5.8 302.6 4.6 319.7 8.8 315.2 7.3 322.4 8.5 330. 7 10.2 336. 2 8.5 335. 1 11.6 343.0 9.1 Durable goods Final sales Change in business inventories 116.1 113.3 2.8 125.5 122 2 3.3 138.5 132 2 6.3 135.2 128 8 6.4 141.0 134 3 6.7 142. 6 137 9 4.7 147.6 141.8 5.8 149.6 140 6 90 157.4 148.0 9.5 114.2 111.4 2.8 123.1 119 9 3.2 135.5 129 4 6.1 131.7 125.5 6.2 138.3 131.8 6.5 140.3 135. 7 4.7 145.4 139. 9 5.5 146.0 137. 6 8.4 153.1 144.4 8.7 Nondurable goods Final sales _ Change in business inventories 182.5 179.4 3.1 192.7 206.3 191.3 203.5 14 2 7 203.6 206.5 202. 4 204.4 21 12 216.2 210.5 57 218.4 215.2 3.1 222.0 218.7 33 221.4 221.0 .5 175. 6 172.5 3.1 184.1 182.7 14 193.0 190. 3 2 7 190.8 189. 6 1.1 192.6 190. 6 2 0 200.6 195.1 5.6 199.4 196. 3 3.0 200.8 197.6 3.2 199.0 198. 6 .4 226.2 244.5 262.0 259.8 265. 1 268. 8 275.5 282 1 289.9 200.9 211.2 221. 1 220. 3 223.3 224.0 227.7 230. 9 234.4 65.7 68.9 74.5 74.3 73.9 76.9 79.8 78.6 75.8 60.4 61.7 64.8 65.0 64.0 66.2 68.0 66.0 62.8 25.1 25.8 31.4 30.8 31.6 30.5 31.5 28.6 27.9 24.7 25.4 31.4 30.6 31.9 30.7 32.2 29. 1 28.5 Final sales _ Change in business inventories - - _ _ Services __ _ Structures _ Addendum: Gross auto product __ __ _. Table 3.-—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8) Gross national product.. _. Private Business Nonfarm Farm Households and institutions Rest of the world General government 590.5 631.7 681.2 672.9 686.5 704.4 721.2 732.3 744.6 551.0 580.0 614.4 607.8 618.2 631.2 640.5 643.5 649.3 532 4 568 7 613 4 606 4 618 2 633 8 648 4 657 6 667 0 503 2 530 8 563 5 557 3 567 2 579 4 588.0 589 9 594.5 513 0 491 5 21 5 16.0 3.4 547 4 527 0 20 4 17 3 4.0 590 8 583 6 567 1 559 4 23 8 24 2 18 3 18 0 4.3 4.8 595 3 611 2 624 9 634 0 570 6 586 6 599 3 609 0 24 7 24 7 25 7 25 0 18 7 19 1 19 1 19 1 41 4.4 3.4 44 642 8 618 4 24 4 19 7 4.5 486 6 513 3 463 8 491 2 22 8 22 0 13 2 13 6 34 39 561. 6 569.4 537 5 546 4 24 1 23 0 14.5 14.3 4.3 3.3 571. 4 548 4 22.9 14. 2 4.3 575.6 553.9 21.7 14.5 4.4 58.1 63.0 52.5 53.6 54.8 67.8 66.6 68 3 70 6 72.8 74 7 77.6 47 8 49 2 545 4 538 9 548 9 521 7 515 1 524 6 23 8 23 8 24 3 14 0 13 7 14 2 41 4.6 4.0 50 9 50.5 51.1 51.8 CURRENT BUSINESS STATISTICS J.HE STATISTICS here update series published in the 1965 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY OF CURRENT BUSINESS. That volume (price $2.00) provides a description of each series, references to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1961 through 1964 (1954-64 for major quarterly series), annually, 1939-64; for selected series, monthly or quarterly, 1947-64 (where available). Series added or significantly revised after the 1965 BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively; certain revisions for 1964 issued too late for inclusion in the 1965 volume appear in the monthly SURVEY beginning with the September 1965 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. 1963 Unless otherwise stated, statistics through 1964 and descriptive notes are shown in the 1965 edition of BUSINESS STATISTICS | 1964 1965 1963 III Annual total 1964 IV I II j 1966 1965 III IV I II III IV I II III Seasonally adjusted quarterly totals at annual rates GENERAL BUSINESS INDICATORS—Quarterly Series NATIONAL INCOME AND PRODUCTf Gross national product, totalf Personal consumption expenditures, total bil. $._ 590.5 631.7 681.2 594.7 605.8 616.8 627,7 637.9 644.2 660.8 672.9 686.5 704.4 721.2 732.3 744.6 do 375.0 401.4 431.5 378.3 381. 5 391.1 398.0 407.5 408.8 418.9 426.8 435.0 445.2 455.6 460.1 469. 9 24.3 22.2 53.9 59.4 25.8 25.1 66.1 29.8 27.1 54.5 24.4 22.5 55.6 24.9 23.1 57.6 25.3 24.1 59.8 26.0 25.4 61.1 27.1 25.3 58.9 24.6 25.7 65.1 30.1 26.0 64.4 29.2 26.2 66.7 30.2 27.3 68.0 29.9 28.8 70.3 31.4 29.6 67.1 28.5 29.2 70.2 30.1 30.7 168.6 30 6 88.2 13.5 178.9 33 6 92 8 14 1 190.6 35 9 98 4 15. 1 169.9 31 4 88 3 13.5 169.6 30 7 88.6 13.7 174.9 32 8 90.7 13.9 176.5 32 7 92.1 13.9 181.7 34 3 93.9 14.2 182.4 34 4 94.4 14.4 184.5 34 6 95.4 14.4 189.4 35 6 97.8 15.2 191.4 36 0 98.7 15.3 197.0 37. 5 101.6 15.7 201. 9 39.4 103.3 15.8 205. 6 39.7 104.8 16. 1 208.1 41.1 105.5 16.1 152.4 23 1 55.4 11.4 163. 1 24 3 59 2 11.8 174.8 25 6 63.2 12.8 153.9 23 5 55 8 11.5 156.3 23 3 56. 8 11.6 158.7 23.8 57.7 11.7 161.6 24.2 58.7 11.7 164.7 24 7 59. 6 11.9 167.5 24. 7 60.7 12.1 169.3 24.7 61.6 12.2 173. 0 25.4 62.7 12.7 176.9 26.0 63.6 13.0 180.2 26.3 64.7 13.4 183.4 26.5 66.0 13.5 187.4 27.1 67.1 13.9 191.5 27.6 68. 2 14. 2 87.1 93. 0 106. 6 88.0 92.9 90.2 91.8 92.5 97.4 103.8 103.7 106.7 111.9 114.5 118.5 115. 0 96.0 67.9 24 6 43.3 28. 1 27.5 7.6 6 7 98.0 70.2 24 4 45.8 27.8 27.3 8.7 72 101.5 73.9 26.8 47.1 27.6 27.0 10.4 9.0 105. 6 77.0 28. 5 48.5 28.6 28.0 8.9 8.5 106. 2 78.2 27. 9 50.3 28.0 27.4 12.3 12.1 105. 1 80.3 27.7 52. 6 24.8 24.3 9.9 10.4 Durable goods, total 9 _ do Automobiles and parts do Furniture and household equipment.- __do_ _ Nondurable goods, total 9 Clothing and shoes Food and beverages Gasoline and oil _ _ Services, total 9 — Household operation Housing _ _ Transportation _ _ do do do do _ _ _ _ _ _ -- __do_ _ do do .. .do Gross private domestic investment, total_____do Fixed investment ___ _ do Nonresidential _ _ _ do Structures do Producers' durable equipment _ _ do_ __ Kesidential structures _ do Nonfarm _ _ _ _ _ _ _ do Change in business inventories— __ do Nonfarm do 81.3 54.3 19 5 34.8 27.0 26.4 5.9 51 88.3 60.7 21 o 39. 7 27 6 27 0 4.7 53 97. 5 69.7 24 9 44.8 27 8 27.2 9.1 81 82.0 55. 0 19 4 35. 5 27 1 26 5 6.0 53 84.7 56.8 19 9 36.8 28 0 27 4 8.1 70 86.6 58.1 20 3 37.9 28 5 27.9 3.5 36 87.6 59.7 20 9 38.8 27.9 27.3 4.2 51 88.9 61.7 21 0 40.7 27 2 26 6 3.6 46 90.0 63.3 21 8 41.4 26.7 26.2 7.4 7.9 94. 4 66. 7 23 6 43. 1 27.7 27.2 9.5 9 4 do do do 5.9 32 3 26 4 8.5 37 0 28 5 7.0 39 0 32 0 5.6 32 5 26 9 7.1 34 3 27.1 9.0 36 4 27 4 7.9 36 0 28.1 8.4 37 2 28 8 8.6 38 1 29.6 6.4 35 1 28.7 8.2 40 5 32.3 7.1 40 1 33.0 6.1 40.3 34.2 6.0 41.7 35.6 4.7 41.9 37.3 4.2 43.4 39.2 Govt. purchases of goods and services, total. _do Federal. _ _ _ do National defense do State and local do 122.5 64.2 50 8 58 2 128.9 65.2 50 0 63 7 136.2 66.8 50 1 69 4 122.9 64.2 51 0 58 7 124.3 64.4 50 3 59 8 126.5 64.9 50 1 61 6 130.1 66.6 51 6 63 4 129.5 65.1 49 8 64 4 129.4 64.1 48 5 65.3 131.6 64.4 48 2 67 3 134.3 65.6 49 1 68.7 137.7 67.5 50 7 70 2 141.2 69.8 52.5 71.4 145.0 71. 9 54.6 73.1 149.0 74.0 57.1 75.0 155.5 78.3 61.3 77.2 By major type of product:! Final sales, total _ _ Goods, total ___ Durable goods Nondurable goods Services. Structures 584 6 292.7 113 3 179. 4 226 2 65.7 627 0 313.6 122 2 191.3 244 5 68.9 672 1 335.7 132 2 203.5 262 0 74.5 588 8 294.7 114 7 180.1 228 1 65.9 597 7 298.1 117 3 180.8 232 2 67.4 613 3 307.1 119 6 187.5 237 3 68.8 623 5 311.4 122 4 189.0 242 7 69.4 634 4 318. 8 125 0 193.8 247 1 68.5 636 8 316.9 122 0 195.0 251 1 68.8 651 4 324.3 127 7 196.6 254 3 72.7 665 3 331.2 128 8 202.4 259 8 74.3 677 8 338.8 134 3 204. 4 265 1 73.9 694.0 348.4 137.9 210.5 268.8 76.9 712.3 357. 0 141.8 215.2 275.5 79.8 720.0 359.3 140.6 218.7 282.1 78.6 734.6 369.0 148.0 221.0 289.9 75.8 5.9 28 31 4.7 «} o 14 9.1 6 3 27 6.0 23 37 8.1 38 4 4 3.5 23 12 4.2 36 5 3.6 28 3 7.4 4.4 29 9.5 7 4 21 7.6 6.4 12 8.7 6 7 21 10.4 4.7 57 8.9 5,8 3.1 12.3 9.0 3.3 9.9 9.5 .5 551.0 580. 0 614.4 554.7 562.1 569.7 578.1 585.0 587.2 600.3 607.8 618.2 631.2 640.5 643.5 649.3 Net exports of goods and services-.-. Exports Imports.-- _ _ -_ _ _ do __do _ do _ _ do do _ . _do _ _ _ Change in business inventories __ Durable goods _ _ Nondurable goods do do do GNP in constant (1958) dollars Gross national product, total t ____bil. $._ 353.3 373.8 396.2 356.1 357.7 365. 7 371.0 379.5 378.9 387.1 392.2 398.9 406. 5 412.8 412.2 418.3 do do do 53 7 162.2 137.4 59 1 170.5 144.2 66 4 178.2 151.6 54 4 163.3 138.4 55 3 162.4 140. 0 57 2 167.2 141.2 59 5 168.4 143.1 60 9 173.3 145.3 58 8 173.1 146. 9 64 8 174.2 148.1 64 2 177.6 150.4 67.2 178.5 153.1 69.2 182.5 154.8 72.2 184. 1 156.5 68.5 185.8 157.9 71.6 187.1 159.6 Personal consumption expenditures, total. __ .do Durable goods Nondurable goods Services _..__ ..__ _ do 82.5 86.5 97.8 83.1 87. 7 84.6 85.6 85.7 90.2 95.9 95.3 97.9 102.2 103.5 106.3 102.5 Fixed investment Nonresidential Residential structures Change in business inventories do do do do 76 7 51 9 24.8 5.8 81 9 57 4 24 6 4.6 89 0 64 9 24.1 8.8 77.2 52 5 24.7 5.9 79 7 54.3 25.4 8.1 81 2 55 5 25.7 3.5 81 6 56 6 24.9 4.0 82 2 58 2 24.1 3.5 82 8 59 2 23.6 7.4 86 6 62.3 24.4 9.3 88 0 63.4 24.5 7.3 89.4 65. 5 23.9 8.5 91.9 68.4 23.5 10.2 95.0 70.8 24.3 8.5 94.7 71.3 23.4 11.6 93.5 73.0 20.5 9.1 Net exports of goods and services do 5.6 8.5 6.3 5.5 7.1 9.2 8.2 8.4 8.0 5.7 7.1 6.4 6.0 5.9 Gross private domestic investment, total Govt. purchases of goods and services, total, .do 114.1 110.0 109.5 109.6 111.3 Federal _ _ _ _ _ do 59 6 59.5 58.7 57 8 57.8 State and local. do 50.4 50.1 53.4 56.3 50.9 ••Revised. t> Preliminary. f Revised series. Estimates of national income and product and personal income have been revised (see p. 11 ff. of the July 1966 issue of the SURVEY); 115.0 110.3 113.2 113.3 111.3 110.1 111.5 57.3 56.1 56 2 58.3 58 2 59 7 57 4 56.7 53.9 54.0 55.3 55.9 52.0 53.6 revisions prior to May 1965 for personal income appear on the SURVEY. 9 Includes data not shown separately. 4.6 4.2 120.4 61.9 58.5 124.3 64.9 59.4 118.3 116.6 60.4 59.3 57.9 57.3 p, 18 ff. of the July 1966 issue of s-i SURVEY OF CURRENT BUSINESS S-2 Unless otherwise stated, statistics through 1964 and descriptive notes are shown in the 1965 edition of BUSINESS STATISTICS 1963 1964 Annual total 1964 1965 I II December 1966 1965 IV III I II 1966 Ill IV II I 1967 III IV I GENERAL BUSINESS INDICATORS— Quarterly Series— Continued NATIONAL INCOME AND PRODUCT— Con. Quarterly Data Seasonally Adjusted at Annual Rates 517.3 481.9 559.0 504.0 513.7 National income, total t bil. $ Compensation of employees, total.. do 341. 0 365.7 392.9 355.3 362.2 Wages and salaries, total do 311. 1 333. 6 358.4 324.4 330.6 Private do 269.3 289.1 261.8 267.1 251.6 Military do 11.7 11.6 10.8 12.1 11.6 Government civilian do 52.6 51.9 48.6 51.0 57.1 Supplements to wages and salaries _ do __ 32.0 31.0 31.7 29.9 34.5 Proprietors' income, total 9 __ _ _ do 52.2 51.9 51.0 51.3 55.7 Business and professional 9 - — — -_do 39.9 37.9 39. 9 39.1 40.7 Farm do 12.0 12.2 12.2 13.1 15.1 Rental income of persons do 17.4 17.7 17.1 18.3 17.6 Corporate profits and inventory valuation adjustment total bil. $ 58.9 66.6 74.2 65.3 66.5 By broad industry groups: Financial institutions do 8.4 7.8 8.9 8.0 8.5 Nonfinancial corporations, total _ _ _.do __ 58.2 51.2 57.3 58.1 65.3 Manufacturing, total do .„ 32.4 32.4 28.8 32.1 37.8 Nondurable goods industries do 14.5 14.1 14.6 13. 0 15.7 Durable goods industries do 17.9 15. 8 22.1 18.1 17.7 Transportation, communication, and public utilities bil. $ 10.4 10.2 9.5 11.1 10.1 All other industries do 15.4 12.9 16.4 15.5 15.0 Corporate profits before tax, total do 59.4 67.0 65.8 66.8 75.7 Corporate profits tax liability do 28.4 31.2 27.9 28.3 26. 3 Corporate profits after tax do 38.7 38.5 33.1 44.5 38.0 Dividends do 17.3 19.2 17.3 16.5 17.1 Undistributed profits do 21.3 20.9 21.3 16.6 25.3 4 -1.5 Inventory valuation adjustment do -.5 -.3 -.5 Net interest do 15! 5 15.1 13.8 17.8 14.7 DISPOSITION OF PERSONAL INCOMEf Quarterly Data Seasonally Adjusted at Annual Rates Personal income, total bil. $ 465.5 496. 0 535.1 484.0 492.0 Less* Personal tax and nontax payments do 56.9 59.4 60.9 60.7 66.0 Equals* Disposable personal income do 404.6 436. 6 469.1 423.4 435.1 Less: Personal outlays© do 412.1 443.4 401.4 408.5 384.7 Equals: Personal saving§ do 26.6 24.5 22.0 19.9 25.7 NEW PLANT AND EQUIPMENT EXPENDITURES Unadjusted quarterly or annual totals: All industries bil $ 44.90 51.96 9.40 11.11 39.22 Manufacturing . __do __ 15.69 4.53 18.58 22, 45 3.79 Durable goods industries. _ _ do 2.30 9.43 1.93 7.85 11.40 Nondurable goods industries _ _ _ _ _ do 2.23 9.16 11.05 1.87 7.84 Mining do .29 1.19 .26 1.04 1.30 Railroad _ ___ _ _ _ do .36 1.41 .32 1.10 1.73 Transportation, other than rail. -do .63 1.92 .51 2.38 2.81 Public utilities __ .__ ._ ____do _ 6.22 1.58 5.65 1.18 6.94 Communication do 1.10 .97 3.79 4.30 4.94 Commercial and other do 2.61 2.37 10. 03 10. 83 11. 79 Seas. adj. qtrly. totals at annual rates: All industries _ do _ 42.55 43.50 Manufacturing do 17.40 17.80 Durable goods industries.—do 9.00 8.85 Nondurable goods industries do. __ 8.55 8.80 Mining do 1.15 1.15 Railroad _ _ do _ 1.25 1.40 Transportation, other than rail. _ do___ 2.25 2.30 Public utilities— do.__ 6.30 5.95 Communication_ do 4.30 4.05 Commercial and other___ do___ 10.25 10.45 U.S. BALANCE OP INTERNATIONAL PAYMENTSd" Quarterly Data Are Seasonally Adjusted (Credits +; debits -) Exports of goods and services (excl. transfers under militarv grants) mil $ 32,339 36,958 38,993 9,112 9, 001 Merchandise adjusted excl military do 22, 071 25,297 26,276 6,156 6,092 Military sales do 186 198 657 747 844 Income on U S investments abroad do 1,369 5,392 5,901 1,402 4,654 1,354 Other services do 4,957 5, 522 5,972 1,356 Imports of goods and services do -26,442 -28,468 -32,036 -6,850 -7, 032 Merchandise adjusted excl militarv do -16,992 -18,621 -21,488 -4,389 -4,579 Military expenditures do -725 -2,936 -2,834 -2,881 -740 -344 Income on foreign investments in the U.S__do___ -1,271 -1,404 -1,646 -339 Other services do -5,243 -5,609 -6,021 -1,382 -1,384 Unilateral transfers, net (excl. military grants); -717 transfers to foreigners (— ) mil $ -683 -2,784 -2,765 -2,794 Transactions in U.S. private assets, net; increase (— ) mil $ -4,456 -6,523 -3,690 -1,360 -1, 385 Transactions in U.S. Govt. assets, excl. official reserve assets* increase ( ) mil $ -1,664 -1,674 -1, 575 —291 -350 Transactions in U.S. official reserve assets, net; —51 303 171 1,222 increase (— ) mil $ 378 Transactions in foreign assets in the U.S., net (U.S. 332 419 3,312 309 2,981 liabilities); increase (+) mil. $. 249 299 2,627 2,292 133 Liquid assets do___ 83 120 685 176 685 Other assets ... do___ -152 -296 -352 -1, Oil -429 Unrecorded transactions ___do.__ Balance on liquidity basis—increase in U.S. officia reserve assets and decrease in liquid liabilities to -552 all foreigners* decrease ( ) mil $ -2,670 -2, 798 -1, 337 -248 Balance on official reserve transactions basis—in crease in U.S. official reserve assets and decrease in liquid and certain nonliquid liabilities to foreign -144 2 04^ -1,546 -1,30 -32 official agencies; decrease (— ) mil. $ r Revised. * Preliminary. 1 isiness. expenditi ires of bi id capital Estimates for Oct.-Dec. 1966 based on anticipate 2 Estimates for Jan.-Mar. 1967 based on antici pated cajDital expe nditures of busi ness. Anticipated expenditures for the year 1966 are as folk>ws (in bil $): Alliridustries 60.56; m anufactoring, total, 27.01; durable goods industries, 1 1.04; noneLurable g<)ods indijstries, 12.97; mining, 1.47; railroad, 1.94; transportation, 3.48; pu blic utilit ies, 8.31; commerc ial and c>ther (incl. communication), 18.36. 3 Includes commui nication. 522.9 369.8 337.4 272.3 11.7 53.4 32. 4 51.9 40.3 11.7 17.8 528.5 375.3 342.2 275.9 11.9 54.3 33.1 52.2 40.3 11.9 17.9 543.3 381.7 348.2 281.2 11.8 55.2 33.5 53.3 40.5 12.9 18.1 552.2 387.8 353.7 285.8 11.7 56.3 34.1 55.9 40.4 15.5 18.3 562.7 395.6 360.8 291.1 12.0 57.7 34. 8 56.7 40. 7 16.0 18.4 577.8 406.5 370.8 298.5 13.0 59.3 35.7 57.1 41.1 16.0 18. 5 595.7 419.6 380. 0 305.9 13.6 60.4 39.6 58.4 41.4 17. 0 . 18. 7 604.1 427.9 387.4 311.5 14.1 61.8 40.5 57.9 41.6 16.3 18.8 613. 8 438.3 396.7 318.0 15.0 63.7 4L5 57.3 41.9 15.4 18.9 67.8 66.8 73.2 72.7 74.0 76.9 80. 0 79.9 ••79.1 8.4 59.3 33.0 14.6 18. 4 8.6 58.1 32.2 14.7 17.5 8.5 64.6 37.4 16.5 21.9 8.7 64.0 36.7 16.5 21.2 8.9 65.0 37.4 15.5 21.9 9.5 67.5 39.6 16.4 23.2 9.4 70.6 41.9 17.2 24.7 9.8 70.0 40.6 17.2 23.4 10.1 69.0 39.5 17.0 22.5 10.6 15.7 67.8 28.7 39.1 17.4 21.7 .0 15.7 10.5 15.5 67.7 28.6 39.0 17.7 21.4 -.9 16.3 10.7 16.5 74,5 30. 7 43.8 18.1 25.7 -1.3 16.9 10.9 16.4 74.5 30.7 43.8 18.8 25.0 -1.8 17.5 11.2 16.4 75.0 30. 9 44.1 19.6 24.6 -1.0 18.1 11.5 16.4 78.7 32.4 46.3 20.2 26.1 -1.8 18.7 11.3 17.4 82. 7 34.1 48.7 20.9 27.8 -2.8 1.9.1 12.0 17. 4 82.8 34. 1 48.7 21.1 27.6 -2.9 19.6 12.2 17.2 ••81.9 ••33.7 ' 48. 2 21.1 '27.1 -2.8 20.2 500.3 59.1 441.2 418.4 22.8 507.5 60. 9 446. 6 420.0 26.6 518.0 64.9 453.2 430.3 22.8 527.6 66. 6 461.0 438. 6 22.4 541.9 65.7 476.2 447.1 29.0 552. 8 66.7 486.1 28.5 564. 6 69.5 495.1 468.4 26.7 573.5 73.6 499.9 473.3 26.6 585.2 77.4 507.8 483.3 24.5 11.54 4.67 2.37 2.30 .30 .37 .59 1.71 1.06 2.84 12. 84 5. 59 2.83 2.76 .33 .35 .64 1.76 1.17 3.01 10.79 4.54 2.25 2.28 .29 .39 .58 1.32 1.08 2.59 12.81 5.47 2. 76 2.70 .33 .44 .77 1.71 1. 24 2.85 13.41 5.73 2.91 2.82 .32 .44 .72 1.88 1.22 3.10 14.95 6.72 3.48 3.24 .35 .46 .73 2.04 1.41 3.25 12.77 5.61 2.87 2.74 .33 .40 .75 1.60 1.26 2.83 15.29 r 15. 57 6.84 6.78 3.54 3.51 3.30 3.27 .40 •-.37 '.48 .55 '.82 1.00 2.09 ••2.36 1.36 1.42 3.06 ••3.33 55.35 58.00 25. 60 13. 15 12.45 1.40 1.75 3.30 8.25 5. 35 12. 35 50.35 21.55 10.80 10. 70 1.30 1.55 2.70 6.85 4.80 11.60 52.75 23.00 11. 75 11.25 1.25 1.70 3.00 6.75 5.05 11.95 9,308 9,537 8,776 10, 136 6,389 6,660 5,625 6,798 229 200 162 201 1, 561 1,616 1,253 1,368 1,493 1,390 1,389 1,423 -7, 196 -7,390 -7,164 -8, 087 -4,752 -4,901 -4,656 -5,481 -701 664 —683 -686 -404 -373 -372 -349 -1,409 -1,434 -1,471 -1,501 10,016 6,826 199 1,470 1,521 -8,245 -5,595 -745 -411 -1,494 45. 65 18.85 9.60 9.20 1.20 1.50 2.40 6.30 4.40 11.00 47. 75 20.15 10. 15 10.00 1.30 1.55 2.60 6.35 4.40 11.40 49. 00 20.75 10.40 10. 40 1.25 1.75 2.55 6.80 4.55 11.30 457.6 24.15 12.45 11.70 1.35 1.95 3.00 7.30 5.30 12.25 10, 065 ••10,495 '10,572 plO/948 r 7,027 216 1,254 1,568 7, 171 198 r 1, 530 1, 596 -8,540 '-8, 92 -5,756 ••-6, 00 -854 -771 -436 -458 —1, 555 '-1,63 7,111 p 7,439 ••260 * 215 ' 1, 579 P 1,598 r 1, 622 P 1,696 ••-9,21 p-9, 76 ••-6,26 p-6,65 ' -899 p-937 -436 p-502 '-1,61 p-1,66 -768 -719 -645 -852 -346 -827 -912 r-928 '-1, 09 p-713 -618 -367 -469 -268 -471 -332 ••-459 p-378 -151 842 68 41 180 -145 325 0 -425 -294 -iq-j 242 493 oe-i -697 226 -415 70 719 547 172 -203 -617 1,842 1,532 310 -360 -1,38 -109 -240 -534 34.43 60.10 '61.25 162.60 26.80 27.55 r 27. 80 13.85 14. 35 ' 14. 65 12.95 13.20 r 13. 15 1.45 1.55 '1.45 1.85 '2.15 2.00 3.50 ••3.40 '3.70 8.30 ••8.55 '8.15 5.60 5.50 12. 45 r 12. 85 '319.25 ' 19. 15 -662 -671 3 5. 10 2 63. 45 27. 85 14.70 13.15 1.50 2.00 3.65 9.30 -1,589 -2, 189 -1,605 -694 U6.93 214.01 6.10 '•7.78 3.21 '4.12 2.89 ••3.66 .35 '.38 .46 r . 51 .82 •-.91 1.85 ' 2. 26 424 '-741 p-694 68 p 82 ••416 ••1,033 "•127 ••73 OKI ••289 ••930 -80 '-297 ••-167 P 399 P 136 > 263 P 118 271 312 61 -332 ••-551 ••-141 p-218 232 -1,15 239 -618 P 946 -84 -231 '-241 ••-21 tSe;e corresp>onding rrote on p S-l. inventor y valuati on adjust ment. 91ncludes 3 01 ersonal outlays comprise persona1 consuniption e?[penditui*es, inter est paid by consum<jrs, and i3ersonal transfer p ayments to foreigTiers, §P ersonal s aving is (jxcessof lisposable income over per sonal ou tlays. cfl VTore coniplete de tails are given in the quarterly rev iews in t he Mar., June, Sept., and Dec. issues of the SUEVEY.
@FedFRASER