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SUEVEY OF CURRENT BUSINESS

May 1975

NATIONAL INCOME AND PRODUCT TABLES
1973
1973

1974

1975

1974

IV

I

II

III

IV

1973
1974

1973

I

1974
I

IV

Seasonally adjusted at annual rates

II

1975
III

I

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)
Gross national product

1 294 9 1 397 4 1 344 0 1 358 8 1 383 8 1 416 3 1 430 9 1 417 1

Fixed investment.
Nonresidential
Structures
Producers' durable equipment
Residential structures
Nonfann _
Farm
Change in business inventories
Nonfarm
Farm

827 1

823 1

804 0

780 2

869 1

901 3

895 8

913 2

552 1

539 5

546.3

539.7

542.7

547.2

528.2

531 5

127.5
380.2
369.0

124 3
352 1
347 4

123 9
364.4
352 4

129 5
375 8
363 8

136 1
389 0
376 2

120 7
391.7
383 5

124 9
398 8
389 5

113 6
228 6
209 9

103 1
223.7
212 6

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

95 2
222 5
213 7

209.4

224.5

210.5

211 8

205.8

209 4

163 1

138 1

126 7

145.8

133.3

130.3

122.7

120.5

89 3

195.2

195 5

193 6

198 3

197 1

191 6

182 2

127 3

118.0

125 8

122 7

122 2

117.7

109.6

101 0

136 8
47.0
89.8
57 2
56.7
5

149.2
52.0
97.1
46.0
45.2
.7

141 9
49 3
92.6
53 6
53 0
5

145 2
51 3
93.9
48 4
47 8
7

149
52
97
48
48

4
2
2
8
0
g

150 9
51.0
99.9
46 2
45.4
8

151 2
53.7
97.5
40 4
39.7
7

146 9
52 8
94.2
35 3
34 8
5

94
25
69
32
32

4
4
0
9
6
3

94 0
26.2
67.8
24.0
23.6
4

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

83 8
25 2
58.6
17 3
17.0
2

14.2
11.9
2.3

28 9
24 0
4 9

16.9
13 1
38

13 5
10 4
31

8.7
6.6
2.1

17.8
17 5
.3

—19 2
— 17 8
—1 4

10 8
89
18

8.7
7.4
1.2

20.0
17 9
21

10.6
87
1.8

8 2
6 4
18

5.0
3.9
1.1

10.9
10.7
.2

— 11.7
— 10 9
—.8

39

Federal
National defense
Other
State and local

93

11 3

—1 5

—3.1

19

9 3

4 6

9 0

79

11 5

8 2

7.3

91

11 8

140 2
138 1

113 6
104 3

131 2
119 9

138 5
140 0

143 6
146 7

147 5
145 7

143 4
134 1

66 6
62 0

71 9
62 9

68 9
61.0

73 3
61 8

73 4
65 1

70.9
63.6

69 9
60.9

67 0
55 2

276.4

309.2

286.4

296.3

304.4

312.3

323.8

331.6

144.4

146.0

145.7

146.0

145.8

145.9

146.3

147.7

106 6
74 4
32.2
169 8

.. ..

Government purchases of goods and services

2.1

100 4
96 4

Net exports of goods and services
Exports
Imports

830 5

840.6

15.4
11 4
4.0

Gross private domestic investment

845 7

823.9

209.4

.

821 2

876.7

194.0

Durable goods
Nondurable goods
Services

839 2

805.2
130 3
338.0
336 9

Personal consumption expenditures

116 9
78.7

108
75
33
177

111 5
75 8
35 7
184 8

114 3
76 6
37 7
190 1

117 2
78 4
38 8
195 1

124 5
84 0
40.6
199 3

126
84
41
205

57 3

56 5

56 4

56 3

56 3

56 5

57 0

57 4

87 0

89 5

89 3

89 7

89 5

89 4

89 3

90 2

192 3

4
3
1
9

5
7
8
1

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

1,294 9 1, 397. 4 1 344 0 1 358 8 1 383 8 1 416 3 1 430.9 1 417 1

Final sales
Change in business inventories
Goods output

.

839 2

821.2

845.7

830.5

827.1

823.1

804.0

780.2

1 279 6 1 383 2 1 315 1 1 341 9 1 370 3 1 407 6 1 413 1 1 436 3
14.2
15.4
28 9
16 9
17.8 —19 2
13 5
87

828 4
10.8

812.5
8.7

825.7
20.0

819.9
10.6

818.9
8.2

818.1
5.0

793. 1
10.9

791.9
-11.7

622 7

670 3

653 6

651 9

664 9

681 7

682 6

667 0

459 1

442 8

465.1

449 1

448.9

446.0

427.1

408.3

Final sales
Change in business inventories

607 3
15 4

656 1
14.2

624 7
28 9

635 0
16 9

651 3
13 5

673 0
87

664 8
17.8

686 1
—19 2

448 3
10 8

434 1
8.7

445 1
20.0

438 5
10.6

440 8
8.2

441.0
5.0

416.3
10.9

420 1
-11.7

Durable goods
Final sales
Change in business inventories

250 3
240 9
9.4

256 9
249.2
7.7

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

239 5
252 9
—13 4

206 0
198 5
7.5

195 9
191.0
4.9

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

167.5
176.1
-8.6

Nondurable goods... .
Final sales
Change in business inventories

372.4
366 5
60

413.4
406.9
6.5

398 2
384 1
14 1

401 0
392 8
8*2

418 2
402 9
15 4

416 2
413 2
30

418.1
418 6
—.5

427 5
433 2
—5 7

253 1
249 9
33

246.9
243.1
3.8

258.7
250 2
8.5

248.9
244 2
4.7

253.6
244.2
9.4

245.8
244.4
1.4

239.2
239.6
-.4

240.8
244.0
-3.2

Services

534 4

590 3

553 2

569 7

579 2

597 8

614 5

621 4

304 5

310.9

307.8

310.7

308.3

310.7

313.7

312.4

Structures

137.8

136.8

137.2

137.1

139 7

136.7

133.9

128 8

75.5

67.5

72.8

70.7

69.8

66.4

63.2

59.5

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
Households and institutions.
General government..
Federal
State and local
Rest of the world
Addendum: Gross private product.

1,416. 31,, 430.9 1,417.1

839.2

821.2

845.7

830.5

827.1

823.1

804.0

780.2

1,286.5 1,385.6 1,335.2 1,344.0 1,374.1 1,405.2 1,418.9 1,409.4

833.9

816.9

840.7

823.5

824.1

819.8

800.0

777.7

1, 096. 8 1,177. 8 1,138.8 1,143.1 1,168. 8 1,195. 7 1, 203. 6 1,189. 2
1,040. 3 1,124.1 1,074.5 1,082.6 1,117.8 1,144.4 1,151.5 1,142. 9
56.5
53.8
64.4
51.3
60.5
51.1
52.1
46.3

753.1
725.8
27.4

733.8
706.3
27.5

759.2
731.0
28.2

740.9
713.9
27.0

741.4
712.7
28.7

736.6
708.0
28.6

716.5
690.8
25.7

693.5
666.0
27.5

18.9

18.8

18.9

63.9
21.1
42.8

64.2
21.0
43.2

64.8
21.0
43.7

65.2
21.0
44.3

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

47.0

43.0

44.6

46.5

48.0

48.8

50.0

18.5

18.9

18.7

19.1

148.5
52.8
95.7

160.8
55.7
105.1

153.4
54.3
99.1

156.3
54.8
101.5

158.8
55.0
103.9

161.6
55.3
106.3

166.5
57.9
108.7

170.2
58.1
112.2

62.3
21.3
41.0

64.1
21.1
43.0

62.9
21.1
41.7

63.5
21.1
42.3

8.4

11.9

14.7

9.7

11.1

12.0

7.7

5.2

4.3

5.0

7.0

3.0

3.3

4.0

2.5

1,146.5 1,236.6 1,190.7 1,202.5 1,225.0 1,254.7 1,264.4 1,246.9

776.9

757.1

782.8

767.0

763.2

758.8

739.2

714.9

41.3

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 SURVEY 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

j_HE STATISTICS here update series published in the 1973 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. 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.
1972
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes areas shown in
the 1973 edition of BUSINESS STATISTICS

1974

1973

1972

'I

TI

| III

Annual total

rv

I

II

1975

1974

1973

IV

| III

I

II

III

| IV

I

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
1,430.9 " 1,417. 1

1,158.0

1,294.9

1, 397. 4

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

729.0

805.2

876.7

701.5

720.6

736.8

757. 2

781.7

799.0

816.3

823.9

840.6

869.1

901.3

895.8

" 913. 2

do
do
do

118.4
53.1
48.7

130.3
57.5
55.0

127.5
49.7
58.8

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

r 124. 9

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

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

" 398. 8
"76.2
" 201. 4
"37.8

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

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

" 389. 5
"57.0
" 134. 1
"28.1

do

179.3

209.4

209.4

169.4

175.5

182.1

190.2

199.0

205.1

209.0

224.5

210.5

211.8

205. S

209. 4

"163.1

do
do
do
...do
do
do
do
. do

170.8
116.8
41.1
75.7
54.0
53.4
8.5
7.8

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

164.5
112.7
40.7
72.0
51.8
51.2
5.0
4.1

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

" 182. 2
" 146. 9
52.8
"94.2
"35.3
"34.8
"-19. 2
"-17. 8

-6.0
72.4
78.4

3.9
100.4
96.4

2.1
140.2
138.1

-7.1
69.1
76.1

-6.9
68.8
75.7

-4.8
73.3
78.1

-5.3
78.5
83.8

-.8
88.8
89.5

.5
95.4
94.9

6.7
103.7
96.9

9.3
113.6
104.3

11.3
131.2
119.9

-1.5
13< 5
140.0

-3.1
143.6
146.7

1.9
147.5
145.7

"9.3
" 143. 4
" 134. 1

255.7
104.9
74.8
150.8

276.4
106.6
74.4
169.8

309.2
116.9
78.7
192.3

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

323.8
124. 5
84.0
199. 3

" 331. 6
" 126. 5
"84.7
205.1

do
do
do
do
do
do

1,149.5
535. 2
214.3
321.0
488.1
126.1

1,279.6
607.3
240.9
366.5
534.4
137.8

1, 383. 2
656.1
249. 2
406. 9
590. 3
136.8

1,110.0
514.3
204. 6
309.7
472.1
123.6

1,135.1
529.4
210.6
318.9
481.5
124.1

1,159.1
541.0
218.3
322.7
492.4
125.6

1,193.7
556.2
223.6
332.6
506.5
130.9

1,238.9 1,267.2
585.8
600.9
241.2
237.8
347.9
359.7
516.0
528.3
137.1
138.0

1,297.0
618.0
243.9
374.2
540.2
138.8

1,315.1
624.7
240. 6
384.1
553. 2
137.2

1,341.9
635. 0
242. 3
392.8
569.7
137.1

1,370.3
651.3
248. 5
402. 9
579. 2
139.7

1,407.6
(573.0
259. 8
413. 2
597.8
136.7

do
do
do

8.5
7.1
1.4

15.4
9.4
6.0

14.2
7.7
6.5

5.0
2.7
2.2

8.0
5.8
2.2

10.2
6.8
3.4

11.0
13.2
-2.2

10.0
6.1
3.9

11.8
9.0
2.9

28.9
14.8
14.1

16.9
8.7
8.2

13.5
-1.8
15.4

8.7
5.7
3.0

792.5

839.2

821.2

770.9

786.6

798.1

814.2

832.8

837.4

840.8

845.7

830.5

827.1

527.3

552.1

539.5

512.8

523.2

531.2

542.2

552.9

553.7

555. 4

546.3

539.7

542.7

do
do
do

104.9
220.2
202. 2

113.6
228.6
209.9

103.1
223.7
212.6

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

Gross private domestic investment, total.. .do

125.0

138.1

126.7

119.4

123.2

126.6

130.9

134.4

136.3

135.8

145. 8

128.4
94.3
34.1
7.8

127.7
95.1
32.6
8.0

125.8
96.0
29.8
20.0

Gross national product totalf

bll $

Personal consumption expenditures, total.. do
Durable goods, total 9
Automobiles and parts
Furniture and household equipment

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

do
do
do

Govt. purchases of goods and services, total . do
Federal
do
National defense
do
State and local
do
By major type of productrf
Final sales total
Goods total
Durable goods
Nondurable goods
Services
Structures
Change in business inventories
Durable goods
Nondurable goods

10.7
7.7
3.0

"46.8
"57.9

1,413.1 " 1,436. 3
(Hi4. 8 " 686. 1
" 252. 9
246. 2
' 433. 2
418. 6
"621.4
614.5
" 128. 8
133. 9

17.8
18.3
-.5

"-19. 2
"-13. 4
"-5.7

823.1

804.0

" 780. 2

547. 2

528. 2

" 531. 5

106.8
223.6
212.2

107.8
225. 8
213. 7

92. 8
221.4
214. 1

" 95. 2
" 222 5
"213.7

133.3

130.3

122. 7

120. 5

" 89. 3

122. 7
96.3
26.4
10.6

122.2
96.5
25.7
8.2

117.7
94.1
23.6
o.O

100. 6
89. '2
20. 4
10.9

" 101.0
"83.8
" 17.3
"-11. 7

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

bil.$..

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

Fixed investment ..
Nonresidential
Residential structures
Change in business inventories.

do ..
do
do
do

118.0
83.7
34.3
7.0

127.3
94.4
32. 9
10.8

118.0
94.0
24.0
8.7

115.2
81.3
33.8
4.2

116.6
82.4
34.2
6.6

118.1
83.8
34.3
8.5

122.0
87.2
34.8
8.8

127.1
92.2
35.0
7.3

do

-3.0

4.6

9.0

-4.9

-3.6

-1.4

-1.9

1.4

3.5

5.8

7.9

11.5

8.2

7.3

9.1

" 11.8

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

143.1
61.0

144.4
57.3
87.0

146.0
56.5
89.5

143.8
62.9
80.9

143.8
62.5
81.3

141.8
59.5
82.4

143.0
59. 2
83.8

144.1
58.9
85.2

143.9
57.7
86.2

143.7
56.2
87.5

145.7
56.4
89.3

146.0
56.3
89.7

145.8
56.3
89.5

145. 9
56. 5
S9. 4

146.3
57.0
89.3

" 147. 7
"57.4
" 90. 2

Net exports of goods and services

K>. 1

r

Revised.
» Preliminary.
t Re vised series. Estimates of nation al income and proc uct
and personal income have been revised back tc 1971 (see p. 1
le July 19 74 SURVJ:Y);




i ft. of a

revisi 3ns prior to May 1973 for \ersonal i ucome a opear on pp. 22-2 3 of the Jiily 1974 SUKVEY.
9 I ncludes iata not shown s eparateljT.

S-l

SURVEY OF CURRENT BUSINESS

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

1

1973 |

1974

1973

1972

Annual total

II

III

May 1975

IV

I

II

1974
III

IV

I

1975

II

III

IV

I

II

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
Implicit price deflators:!
Gross national product
Index, 1958=100
Personal consumption expenditures
do
Gross private domestic investment:
Fixed investment
do
Nonresidential ..
.do
Residential structures
do
Govt. purchases of goods and services
do
National income, to talf

bil. $ .

Compensation of employees total

do

154. 31
145.9

170. 18
162. 5

145.31
137.7

146. 50
138.7

147. 96
139.7

149. 95
141.4

152. 61
144.3

155. 67
147.0

158. 93
150.8

163. 61
155.8

167.31
160.2

172. 07
164.7

144.8
139.6
157.4
178.6

152.4
144.9
174.0
191.5

165.3
158.7
191.4
211.8

143.8
139.3
154.6
176.5

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
189.9

154.3
146.1
178.1
192.6

155.4
147.9
179.7
196.5

157.8
150.7
183.8
202.9

162.3
154.9
190.0
208.8

167.5
160.4
195.9
214.1

946.5

1,065.6

1 142 5

932.5

954.3

987.0

1,027.6

1,051.2

1,077.3 1,106.3

1,118.8

707. 1

786.0

855 8

699 0

712.6

732.9

759 1

776.7

793.3

814.8

1,130.2 1,155 5

177.97 '181.65
169. 6 ••171.8
174. 9
169. 6
197.9
221.4

T

180. 4
' 175. 4
r
204 3
' 224. 6

1,165.4 p 1 149.8

828.8

848.3

868.2

877 7

r

761. 5
602.5
20.8
138.2
106.7

769. 2
605 1
22.0
142.1
108.6

' 765. 1
r
597. 4
22.0
145.7
110.5

875 6

Corporate profits and inventory valuation
ment total
By broad industry groups:
Financial institutions
Nonflnancial corporations total
Manufacturing total
Nondurable goods industries
Durable goods industries

626.8
491.4
20.5
114.8
80.3

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

683.6
538.7
20.3
124.5
93.1

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

do
do
.do
do

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

92.8
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

89.9
60.7
29.1
26.3

92.1
62.3
29.8
26.6

91.6
62.5
29. 1
26 8

••84.9
••62.7
22.2
27.0

adjustbil $

92.2

105 1

105 6

89 5

92.9

99.8

103 9

105.0

'105.2

106.4

107.7

105.6

105.8

103.4

^93.4

17 6
74 5
40.8
19 0
21.8

19 6
85 5
47.6
21 5
26 1

20
84
47
30
17

8
9
0
0
0

17 4
72 1
39.6
18 1
21.5

17 8
75 I
40.8
19 4
21.4

18 3
81.5
45.1
20.0
25. 1

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
48.6
33.3
15.3

20 9
82.5
46.3
30 1
16.2

f 20 6
P72.8

9.2
24.6

9 2
28.7

78
30 1

89
23.6

9.5
24.8

9.9
26.6

9 4
27.2

8.8
28.4

9.5
28.8

9.2
30.3

7.1
33.7

8.0
30.1

8.6
28.0

7.5
28.7

do
do
do
do
do

99 2
41.5
57.7
27.3
30.3

122 7
49 8
72.9
29.6
43.3

140 7
55 7
85.0
32 7
52.4

96 0
40.3
55.7
27.1
28.6

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

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

157.0
62.7
94.3
33.2
61.1

131.5 * 100.3
52.0 ^38.6
79.5 »61.8
33.3 '33.8
46.2 ^28.0

-7.0
45.6

-17.6
52.3

-35. 1
61.6

-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

-28.1 ' -7.0
65.9 '68.9

bil. $ _
do
do
do
do

944.9
142 4
802.5
749 9
52.6

1,055.0 1,150.5
151 3
170 8
903.7
979.7
902 7
829 4
74.4
77.0

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 1,039.2
147.2
144 1
892.1
869.5
822.5
804 2
69.6
65.3

1,068.0
154 2
913.9
840.7
73 2

1,099.3 1,112.5 1,134.6
168.2
159 9
161 9
966.5
939.4
950.6
894.9
850. 1
866 2
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

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

21.50
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

31.92
13.63
6.64
6.99

do

.

do
do
do
do
do

744.6
588.3
20.9
135.4
103.7

do
do

Wages and salaries, total
Private
Military
..
...
Government civilian
Supplements to wages and salaries
Proprietors' income, total 9
Business and professional
Farm
Rental income of persons

146. 12
138.2

do
do
do
do
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

DISPOSITION OF PERSONAL INCOME f
Quarterly Data Seasonally Adjusted at Annual Rates
Personal Income, total
Less* Personal tax and nontax payments
Equals* Disposable personal income
Less* Personal outlays©
Equals: Personal saving§

'1,193.4
' 178. 0
'1,015.5
' 939. 5
' 75. 9

NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries.
Manufacturing
Durable goods industries 1
Nondurable goods industries ^
Mining
Railroad
Air transportation
Other transportation
. .

Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing. .
Durable goods Industries ^
Nondurable goods Industries f
Nonmanufacturing
Mining.
Railroad
Air transportation
Other transportation

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

14.87

16.80

do
do
do
do

Nonmanufacturing

Public utilities
Electric
Gas and other
Communication
Commercial and other

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

.69
.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

.93
.80
.60
.61

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

4.59
3.91
.68

5.30
4.56
.75

5.20
4.42
.78

5.67
4.80
.87

4.37
3.81
.56

5.08
4.32
.76

5.40

5.36
4.54
.82
3.53
5.83

4.38
3.85
.52

4.94

4.82
4.04
.77
3. 19
5.24

5.05

5.46

5.57

5.97

27.98

28.77

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
48.08
23.28
24. 80

do

56.75

56.70

58.30

60.68

61.18

62.09

63.12

64.31

66.08

66.94

68.14

65.67

66.07

do
do
do
do

2.38
1.88
2.89
1.53

2.40
1.50
2.67
1.41

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

3.27
2.68
1.84
2.16

3.56
3.05
1.81
2.71

3.59
2.83
2.06
2.67

3.64
3. 05

16.60
17.01
Public utilities
do
14.32
14.62
Electric
do
2.27
2.38
Gas and other
do
11.59
11.56
Communication
do
20.16
19.88
Commercial and other. .
. . do ..
l
' Revised.
v Preliminary.
Estimates (corrected for systematic biases) for Jan.Mar. and Apr.-June 1975 based on expected capital expenditures of business. Expected
expenditures for the year 1975 appear on p. 17 of the March 1975 SURVEY. 2 Includes
communication.
t See corresponding note on p. S-l.
9 Includes inventory valuation




i 25. 33 i 28. 67
11.87
10.46
5.32
4.87
6.55
5.60

3

0Q

o 70

1113.22 i 113. 83
47.76
47.55
21.44
22.04
26.32
25.51

2. 63

20.10
20.14
20. 93
20.16
20.97
20.12
19.80
18.38
18.08
18.58
17.53
17. 17
16. 93
17.76
18.10
17.47
17.12
15.55
16.72
15.40
16.00
14.67
2.92
3.21
3.17
2.68
2.87
3.00
2.52
3.08
2.58
2.98
2.86
14.04 2
14.01
13.94
13.83
13.24
12.70
12. 34
13. 12
12.63
34. 38
22. 04
22.84
21.63
21.69
21.55
21.35
21.36
20.21
21.53
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.
HData for individual durable and nondurable goods industries components appear in trie
Mar., June, Sept., and Dec. issues of the SURVEY.

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