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CURRENT BUSINESS STATISTICS

. • JL HE STATISTICS here update series published in the 1963 edition of BUSINESS STATISTICS, biennial Statistical Supplement to the SURVEY
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.
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.
1962

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

1964

1963

Annual total

1962

1961
IV

Data from private sources are provided

I

1963
I

| III | IV

II

II

1964
III | IV

I

|

| III | IV

II

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
National income totalf

;'

Compensation of employees, total

bil. $._

____.do

Wages and salaries total
_ _ _ __ do .
Private
--do
Military
___do
Government civilian
-do
Supplements to wages and salaries
do
Proprietors' income, totaled
do_
Business and professionalcf
.
. do_ _.
Farm
_
-- do
Rental income of persons
..
do
Corporate profits and inventory valuation adjustment total
bil. $
Corporate profits before tax, total
Corporate profits tax liability __
Corporate profits after tax
__
Dividends
Undistributed profits
Inventory valuation adjustment

do _.
__ do__ _
__do_ _
do
do
do

455.6

478.5 v 510.1

442.4

447.2

454.3

457.8

463.2

467.9

474.6

481.9

490.0

498.4

507.1

514 5 v 520.3

323.1

340. 3

361.7

310.7

316.6

322.4

325.3

328.0

332.7

338.1

342.7

347. 7

352.5

358.6

364.8

370.6

297.1
241.6
10.8
44.7
25.9
49.8
36.6
13.2
12.2

312. 1
252.9
10.9
48.3
28.2
50.6
37.6
13.0
12.3

331. 6
267.4
11.8
52.4
30.1
52.0
39.3
12.7
12.4

286.8
233.2
10.8
42.8
23.9
49.6
36.3
13.3
12.2

291.2
236.5
11.1
43.6
25.4
50.0
36.3
13.7
12.2

296.6
241. 5
11.0
44.1
25.8
49.9
36.6
13.3
12.2

299.2
243.5
10.7
45.0
26.1
49.7
36.7
13.0
12.2

301.6
244.8
10.5
46.3
26.4
49.7
36.9
12.8
12.2

305.3
247.5
10.6
47.2
27.4
50 3
37.1
13.2
12 3

310.1
251.6
10.7
47.8
27.9
50.1
37.3
12.8
12 3

314.3
255. 0
10.7
48.7
28 4
50.7
37.8
12.9
12 4

318.8
257.6
11.7
49.6
28.8
51 5
38.3
13.2
12 4

323 2
260.8
11.7
50 7
29 4
51 2
38 6
12.6
12 4

328 7
265 3
11.7
51 7
29 9
51 7
39 1
12 6
12 4

334 4
269 4
11 8
53 2
30 4
52 1
39 6
12 6
12 4

339 9
274 0
11 9
54 0
30 7
52 8
39 9
12 9
12 5

48.4

50.8

p 57.3

49.0

47.1

48.0

48 3

50.3

49 1

50 2

51 4

53 1

56 4

57 9

58 1

*> 56 7

48.2
23.2
25.0
16.5
8.5
.3

51.3
24.6
26.7
18.0
8.7
-.4

* 57. 5
p 25.8
v 31.7
19.8

49.3
24.8
24.5
15.7
8.8
—.3

47. 2
22.7
24.5
16 1
8.4
_. i

47.9
23.0
24.9
16 4
8.5

48 1
23 1
25.0
16 5
85

49 4
23 8
25.7
17 1
86
9

48 9
23 4
25 5
17 2
83
2

51 1
24 5
26 6
17 7
89
9

51 3
24 5
26 7
17 9
89

54 3
26 0
28 3
19 1
92
12

56 6
25 4
31 2
19 4
11 8

57
26
31
19
12

58
26
32
20
12

v 57 4
v 25 7
f> 31 7
20 2

TO

11.9

—.2

o

1

2

2

9
0
9
8
1

•«

0
0
0
0
0
j

j> H Q

7

do

22.1

24.4

26.8

20.9

21.3

21.8

22 3

22 9

23 5

24 0

24 7

25 4

25 9

26 5

27 1

27 6

do

556. 2

583.9

622 6

536. 9

545 5

553 4

559 0

566 6

571 8

577 4

587 2

599 0

608 8

618 6

628 4

634 6

Personal consumption expenditures, total __do

356.8

375.0

399.3

345. 2

350. 5

354.0

358.5

364.0

369.2

372.0

377. 4

381. 3

390.0

396.1

404.6

48 4
20.6
20.2
162. 0
29 9
84.6
12.3
146 4
21.6
46 5
11.3

52 1
22.7
21.4
167.5
30 7
87.1
12.8
155 3
22 7
48 9
11 7

57 0
24.2
24.0
177 3
33 4
91.7
13 5
165 1
24 4
51 5
12 2

46 0
18.6
19.9
157 8
29 4
82. 2
12 0
141 4
20 9
45 0
10 8

47 4
19.7
20. 1
159 5
29 6
83.2
12 2
143 6
21 3
45' 6
11 1

47 7
20.3
19.9
161 0
29 7
84.1
12 2
145 3
21 3
46 2
11 2

48 4
20.5
20.3
162 9
30 0
85.2
12 3
147 2
21 7
46 8
11 4

50 2
21.8
20.6
164 4
30 2
85.9
12 5
149 5
22 0
47 5
11 5

51 1
22.4
20.8
166 0
30 4
86.4
12 7
152 1
22* 4

51 5
22.6
21.0
166 6
30 1
86.9
12 8

RO 9

cq a

KK Q

e7 f\

KO 7

22.6
21.6
168 6
31 3
87.3
12 9

23.2
22.3
168 9

24.3
23.1

24.1
24.2
175 3
qq 9

406.5
KG q
22.8
24.5
181 3

icon

i ce a

22 4

22 Q

11 6

11 7

4Q 9
11 7

79.1

82.0

87.7

74.9

77.4

78.9

80.2

79.9

77. 9

80.2

Net interest
Gross national product, totalf

Durable goods total©
do
Automobiles and parts
do
Furniture and household eqtiipment__-do
Nondurable goods, total© ._
__do __
Clothing and shoes
do
Food and alcoholic beverages___
do
Gasoline and oil
__•_ do
Services, total ©
do
Household operation..
do
Housing
do
Transportation
_
do
Gross private domestic investment, total. _ _do

48 0

48 fi

qn Q

179 Q
q9 i

90.6
13 5

25.6
24.2

m
qq

e
o

9q n
4Q 8

9q c

o

19 fl

199

199

12 3

82.8

87.1

85.9

87.2

87.3

90.4

iq q

-ICO

n

C-j

92.8
13 5

O

94 0
"I

do
____do.--____do
•__
do
do

44 2
23.6
29.0
5.9
53

46 6
25.2
31.0
4.4
39

48 9
26.0
35.1
3.7
36

41 9
22.1
27.4
5.6
52

42 5
22'. 5
28.1
6. 9
64

44 1
23.5
28.8
6.1
55

45 5
24. 4
29.6
5.1
44

44 Q

44 7

AR Q

47 9

48 Q

4O 9

24.3 . 25. 1
29.6
30.7
3.6
3.6
q n
q 9

25.4
31.4
4.2

26.2
32.4
6. 4

26.9
34.2
2.5

26. 2
34.6
3.7
3 4

Net exports of goods and services
Exports
___
Imports

__do____
do
do

4.0
29 2
25 2

4.4
30 7
26 3

7.0
35 2
28 2

4.3
28 4
24 1

3.4
28 0
24 6

4.3
29 6
25 3

4.4
29 7
25 3

3.9
29 4

98 8

4.3
30 5

4.2
31 0
9fi a

q9 a

9fi Q

Govt. purchases of goods and services, totaL.do
Federal (less Government sales)
____do I
National defense 9
IHIIdoI.II
State and local____.___
____
do

116.3
62.9
53.6
53 5

122.6
64.7
55.2
57 9

128.6
65. 5
55.4
63 0

112.6
59.8
50.9
52 8

114.3
61.4
52.5
52 8

116.1
63.6
55.3
52 5

115.9
62.4
53. 0
53 5

118. 7
63.8
53.5
54 8

121. 4
65.1
54.8

120.9
64.3
55.2

122.8
64.4
55.5

124. 8
64.9
55.3
KQ Q

By major type of product:f
Final sales, total
Goods, total.
Durable goods______
Nondurable goods
Services
___
Construction
___

550 3
273 6
102.3
171.3
214 7
62 0

579 5
285 8
108.2
177.6
228 4
65 2

618 9
305 6
118.0
187.6
244 3
69 0

eqi 4.

264 8
98.4
166.5
206 8
59 7

538 7
268 9
100. 2
168.7
210 0
59 8

547 3
273 5
103.5
170.0
212 2
61 6

273 9
101.4
172. 6

5.9
4.4
3.7
5.6
6.9
9 9
3ct
q n
9 n
30
__
2! 9
17
9 n
9 Q
2.2
••Revised, v Preliminary, t Revised series. Estimates of national income and product
and personal income have been revised back to 1961 (see p. 8 ff. of the July 1964 SURVEY);
revisions prior to May 1963 for personal income appear on p. 15 of the July 1964 SURVEY

94 a
e-l

C

48 Q

24.0
29.7
5.4

Inventory change, total.
Durable goods
Nondurable goods

764-272 O65-3



do
do
do
do.—
do
do
___
_

__ do
do
do

KKA

fl

nc c

3.4

OK

A

Kc q

K(* 7

q 7

CO A

fi n

5.8

7.7

r>A. K

5.7

oq 7

48 7

25.7
35.6
2.8

25.1
36.0
5.7

7.0

7.7
37 1

qc 7

97 Q

125. 2
64.3
54. 0
fin Q

129.6
67.1
57.0
fi9

*.

9Bfi %

f)OK

105.0
175.8

111.0
175. 5

106. 6
179. 1

f>q "7

129.5
65.5
55. 2
fi4 1

fifi 9

3.6
o

4.2

104.1
174.1

990 n
cq n

994 7
fi9 7

6.1
q i

5.1
q i

5.4

3.6

a n

9 n

^ fi

9 n

a -I

9Q 4

K(\o cy

9QA Q

91 fi 8
cq 9

K9 A

130.0
65.3
55.3
fi.4 fi
fi9s a

n

978 9

KO-l

93.6
13 7
IRQ n
25 1

89.7

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

4 S

OA q

87.8
13 0

9 7

^Includes inventory valuation adjustment.
9 Government sales are not deducted.

qnn (•

7

110.4
179.9

114. 3
183.9

119.0
185.4

120.7
189.8

6.4
3.0

2.5
.7

3.7
10

2.8

5.7

C.

9 1

117.9
191.7
fid n

•J A

1 C

1

©Includes data not shown separately.

s-1

SURVEY OF CUEEENT BUSINESS

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

1962

| 1963 | 1964

1962
II

Annual total

III

March 1965

1963
IV

I

II

1964
III

IV

1965

II

I

III

IV

I

II

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 t
bil $

476.4

492.6

516. 0

475.1

478.3

483.0

485.4

487.9

494. 8

502. 0

508.0

513.5

519.6

522.7

Personal consumption expenditures, total.. do

318.5

330.6

347.5

316.6

319.8

323.6

327.0

328.6

332.4

334.4

340.9

345.0

351.8

352.4

do
do
do

45.7
148.3
124.5

49.3
151.6
129.7

54.2
158.8
134.6

44.9
147.8
123.8

45.6
149.1
125.0

47.6
149.5
126. 5

48.5
150.7
127.8

48.6
151.1
128.9

49.4
152.5
130.6

50.8
152.1
131.6

53.1
155.2
132.6

54.0
157.4
133.7

55. 6
160.9
135.3

53.9
161.9
136.6

Gross private domestic investment, total_._do

65.9

67.7

71.0

65.8

66.3

66.5

64.7

66.2

68.1

71.7

70.1

70.8

70.4

72.7

36.7
24.0
5.2

37.9
25.6
4.1

38.9
28.8
3.3

36.6
23.8
5.4

37.5
24.4
4.4

37.0
24.7
4.9

36.8
24.6
3.4

37.5
25.4
3.3

38.2
25.9
4.0

39.0
26.8
5.9

39.6
28.1
2.4

39.2
28.3
3.3

38.6
29.2
2.5

38.2
29.5
5.0

5.4

3.4

4.5

5.2

92.4
47.3
45.1

Durable goods
Nondurable goods
Services

__

New construction
Producers' durable equipment
Change in business inventories

do
do
do

Net exports of goods and services

do

Govt. purchases of goods and services, total— do
Federal
_ do ._
State and local
do___DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income total
bil $
Less* Personal tax and nontax payments
do
Equals* Disposable personal Income
do
Personal savin01 §
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadiusted quarterly or annual totals:
All industries
bil. $__

2.2

2.2

4.6

2.8

2.8

2.1

1.3

2.1

2.0

3.5

89.8
49.4
40.3

92.1
49.7
42.4

92.8
48.2
44.6

89.9
50.2
39.8

89.4
49.2
40.2

90.7
49.9
40.9

92.4
50.7
41.8

91.0
49.4
41.7

92.3
49.6
42.7

92.4:

48.9
43.4

91.6
47.8
43.8

94.3
49.8
44.5

92.8
47.8
45.0

442.4
57.9
384.6

464.1
61.6
402.5

491. 4
59.5
431.8

441.0
57.6
383.4

444.5
58.5
386.0

449.7
59.3
390.4

455. 2
60.1
395.1

460.2
61.1
399.1

466.3
61.9
404. 4

474. 5
63.3
411. 2

480.9
61.4
419.5

487.9
57.7
430.2

494.5
58.8
435.6

502.2
60.2
442. 1

27.8

27.5

32.5

29.4

27.5

26.4

25.9

27.1

27.0

29.9

29.5

34.0

31.0

35.5

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

37. 31

39. 22 '44.90

9.50

9.62

10.18

8.25

9.74

10.14

11.09

9. 40

11.11

11. 54

do _
__do____
do

Manufacturing
_ _
Durable goods industries
Nondurable goods industries

14.68
7.03
7.65

15.69
7.85
7.84

"•18. 58
'9.43
9.16

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

4.56
2.31
2.25

3.79
1.93
1.87

4.53
2.30
2.23

4.67
2.37
2.30

'5.59
'2.83
2.76

' 4. 61
'2.30
'2.31

5.44
2.70
2.73

do
do
_do
do
do
do __

1.08
.85
2.07
5.48
3.63
9.52

1.04
1.10
1.92
5.65
3.79
10. 03

'1.19

••2.38
'6.22
4.30

.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
.33
.54
1.61
1.06
2.72

.26
.32
.51
1.18
.97
2.37

.29
.36
.63
1.58
1.10
2.61

.30
.37
.59
1.71
1.06
2.84

'.33
'.35
'.64
'1.76
1.17
'3.01 '

'.28
'.42
'.56
'1.25

.34
.42
.78
1.64

3 3. 74

34.13

36.95

38.35

37.95

36.95

38.05

40.00

41.20

42.55

43.50

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. 45
8.30
8.15

17.40
8.85
8.55

17.80
9.00
8.80

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
1.35
2.10
5.80
4.05
10.45

1. 15
1.40
2.30
5.95
4.05
10.25

1.15
1.25
2.25
6.30
4.30
10.45

45.65 r 47. 75
18. 85 ' 20. 15
9.60 ' 10. 15
9.20 '10.00
1.20
' 1. 30
1.50 '1.55
2.40 '2.60
6.30
'6.35
4.40
4.40
11.00 r 11. 40

4,790

4,800

4,815

4,825

4, 835

4,850

4,860

4, 875

4,895

4,910

4,930

10, 712

'1.41

r 10. 83

Seas. adj. qtrly. totals at annual rates:
Durable goods Indus tries
Nondurable goods industries. _ _ _
Mining

<:

do
__do
do

Transportation, other than rail—
_._do
Public utilities
do
Communications
do
Commercial and other
do
BUSINESS POPULATION
Firms in operation, end of quarter (seasonally adU.S. BALANCE OF INTERNATIONAL
PAYMENTScft
Quarterly Data are Seasonally Adjusted
U S payments recorded
mil $

44,755 * 4, 797

33, 486

35, 990

39, 781

8,151

8,312

8, 576

8, 724

9,713

8,482

9,071

' 9, 289 r 9, 754 '10,026

do
do

16, 134
3,044
5,843

16, 996
2,897
6,442

18, 638
2,807
6,869

4,058
749
1,462

4,088
745
1,465

4,040
792
1,504

4,037
747
1,543

4,212
731
1,588

4,368
711
1,654

4,379
708
1,657

r 4, 416

do
-___._do

738
4,293

826
4,522

830
4,277

189
1,065

177
1,066

185
1, 088

209
1,060

209
1,336

206
1,009

202
1,117

do
do
do
do

3,434
1 654
1,227
553

4, 307
1,888
1,685
734

6,360
2,297
1,956
2,107

628
446
303
-121

771
417
208
146

967
531
326
110

1, 128
618
546
-36

1, 637
477
598
562

534
235
303
-4

1,008
558
238
212

do

32, 394

33,685

37,913

7,925

8,408

8,355

7,780

8,429

8,596

8,880

20,576
do
..__.. ..do.. ... 9,508

21, 989
10, 031

25, 219
11,304

5,237
2,397

5,288
2,339

5,019
2,574

4,990
2,545

5,472
2,505

5,610
2,427

5,917
2, 554

969
696

694
696

237
54

606
175

287
475

166
79

190
262

424
135

189
220

'211
113

-1,092 -2,305 -1,868
-1,111 -339
-893

-226
-214

96
-430

-221
-460

-944
-118

-1,284
-11

114
-267

-191
57

r

-334
Total, net receipts or payments (— )
do
-440
-2,203 -2, 644 -2, 761
Net receipts or payments (— ), incl. transactions in
nonmarketable, medium-term convertible Govt.
— 1 Q49 — 91 38fi
securities
mjl $
r
Revised.
* Preliminary.
1
Estimates for Jan.-Mar. 1965 based on anticipated capital expenditures of business.
2
Estimates for Apr .-June 1965 based on anticipated capital expenditures of business.
Anticipated expenditures for the year 1965 are as follows (in bil. $): All industries, 50.17;
manufacturing, total, 21.53; durable goods industries, 10.71; nondurable goods industries,
10.83; mining, 1.31; railroads, 1.62; transportation, 2.57; public utilities, 6.56; commercial and
other (incl. communications), 16.58; 3 Includes communications.

-681

-1,062 -1,295

-153

-134

r

'148.85 2 49. 65
' 20. 95
21.30
' 10. 60 10.60
'10.40
10.70

'1.20
'1.75
'2.50
6.40

1.30
1.45
2.75
6.45

'316.00 3 16. 40

r 6, 108

1,280
1,030

'12.84 'U0.85 2 12. 72

Imports :
Merchandise
Military expenditures
Remittances and pensions
Govt. grants and capital outflows
U.S. private capital (net)
Direct investments
Long-term portfolio
Short-term
U S receipts recorded
Exports:
Merchandise
Services and military sales.

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




717
r 1, 672

r 4, 605 ' 4, 716 ' 4, 901
668
'694
728
r 1, 706 ' 1, 728
1,763

'206
'212
197
928 r 1, 103 ' 1, 098
r 1,359

r 1,406

'•SIS
'236
'610
' 9, 308 '

'568
'283
'555

215
1,148

' 1, 578 2,017
639
'577
840
'597
'404
538

9, 124 ' 9, 614 9,867

'6,053 ' 6, 372 '6,686
' 2, 876 ' 2, 785 ' 2, 875 2,768
'190
'177

101
312

'19
-138

' -630 '-412
'-31 '-247

-845
-477

-119

' -661 '-659 '-1,322

'192
94

-712 -1,143
22
-109 '-119 ' -539 ' -456 -1, 272
< Uitiadjustec 1. Data represen t firms i n operati on as of Jan. 1; estimate for Jan. 1, 1963
fSee correspond ng note on p. S- 1 (revisioQsforqtrs.ofl961
is based on in complete data.
appeair on p. 8 ft. of the July 196 4 SURVE Y).
§Personal sa ving is e xcess of clisposable income over pe rsonal c<msumption expenditures
showia as a cornponent of gross n ational iwoduct o n p. S-l.
cf IVlore coniplete d(i tails are given iii the qu arterly r eviews in the IVEar., June, Sept .,
and I Dec. issue s of the kSURVEY.
JR(jvised da ta for 196 0-61 app ear on p. 10 of the June 19(54 SURVE Y.

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