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SURVEY OF CURRENT BUSINESS 10 April 1978 NATIONAL INCOME AND PRODUCT TABLES 1977 1976 1976 1977 I IV II 1978 III IV _> 1976 1976 1977 1977 I IV Seasonally adjusted at annual rates II 1978 III IV IP Seasonally adjusted at annual rates Billions of current dollars Billions of 1972 dollars Table L.—Gross National Product in Current and iConstant Dollars (1 .1, 1.2) 1,706.5 1,889.6 1,755.4 1,810.8 1,869.9 1,915.9 1,961.8 1,992.9 1,274.7 1,337.3 1,287.4 1,311.0 1,330.7 1,347.4 1,360.2 1,358.3 Gross national product Personal consumption expenditures. Durable goods Nondurable goods Services 1,094.0 1,211.2 1,139.0 1,172.4 1,194.0 1,218.9 1,259.5 1,284.0 821.3 861.2 839.8 850.4 854.1 860.4 879.8 879.2 186.0 499.9 573.7 184.0 505.8 594.3 127.5 321.6 372.2 130.7 329.4 379.7 136.9 329.7 383.8 137.9 330.0 386.3 136.5 332.4 391.4 141.6 342.7 395.5 137.6 339.2 402.3 294.2 243.4 177.0 466.6 528.8 271.8 294.9 303.6 306.7 314.4 173.0 138.2 333.7 389.2 195.5 169.2 186.7 197.2 200.8 197.5 199.7 230.0 276.1 244.3 258.0 273.2 280.0 293.2 297.9 164.5 183.7 171.0 177.0 184.0 185.1 188.7 188.4 161.9 55.8 106.1 185.1 61.5 123.6 167.6 57.0 110.6 177.0 57.9 119.2 182.4 61.0 121.4 187.5 62.6 124.9 193.5 64.5 129.0 197.7 65.1 132.6 116.8 37.1 79.7 126.8 38.4 88.4 119.0 37.3 81.7 124.3 37.0 87.3 126.4 38.2 88.1 127.6 38.9 88.7 128.9 39 4 89.5 129.4 39.2 90.2 68.0 65.7 91.0 88.4 76.7 74.3 81.0 78.5 90.8 88.2 92.5 89.9 99.7 97.1 100.2 97.4 56.9 55.1 52.0 50.2 52.7 50.9 57.6 55.7 1.1 1.1 1.0 .7 .7 1.4 1.4 1.5 1.6 1.7 1.0 .7 1.1 1.1 1.1 .8 59.9 58.0 59.0 57.0 1.1 1.2 57.5 55.7 1.1 1.1 47.7 46.0 1.0 1.1 .7 1.1 1.2 1.3 13.8 14.1 -.3 21.7 22.4 -.7 23.6 23.1 .5 13.5 9.0 4.5 16.5 15.5 1.0 8.5 10.1 -1.6 11.8 11.1 .7 -1.8 .7 -2.5 9.7 9.9 -.2 13.2 13.6 -.5 15.7 15.3 .4 8.7 55 3.2 11.3 10.7 .6 158.9 442.7 492.3 Gross private domestic investment _ __ 243.3 Fixed investment _ _ Nonresidential - __ Structures Producers' durable equipment . . Residential. „_ _ Nonfarm structures __ Farm structures Producers' durable equipment _ 1.3 Change in business inventories _ Nonfarm Farm Net exports of goods and services. Exports Imports Government purchases of goods and services _ Federal . National defense Nondefense State and local _ __ __ 179.8 480.7 550.7 166.3 458.8 513.9 1.4 13.3 14.9 -1.6 18.2 17.1 1.0 1.3 -.9 1.4 -2.3 178.6 474.4 541.1 177.6 481.8 559.5 .7 .7 .6 7.8 -10.9 3.0 -8.2 -9.7 -7.5 -18.2 -22.6 16.0 9.5 13.8 10.6 9.4 12.2 5.9 4.5 162.9 155.1 174.7 185.6 168.5 165.6 170.4 178.6 178.1 187.7 179.9 187.4 170.6 188.8 178.3 200.8 95.8 79.8 97.5 88.0 96.9 83.1 96.9 86.3 98.5 89.1 99.8 87.6 94.8 88.9 97.1 92.6 361.4 395.0 370.0 374.9 390.6 400.9 413.8 417.1 264.4 271.1 145.4 94 3 51.1 249.6 134.2 88.4 45.8 235.8 136.3 89.7 46.7 238.5 143.6 93.4 50.2 247.0 153.8 98.5 55.2 260.0 153.1 99.2 53.8 264.1 130.1 86 8 43.3 231.2 148.1 95.6 52.5 252.9 96.5 167.9 264.6 263.3 270.0 274.0 277.0 274.9 101.4 ! 97.1 97.0 101.1 103.3 104.2 102.1 167.5 166.4 168.9 170.7 172.8 172.8 169.7 Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5) Gross national product 1,706.5 1,889.6 1,755.4 1,810.8 1,869.9 1,915.9 1,961.8 1,992.9 1,274.7 1,337.3 1,287.4 1,311.0 1,330.7 1,347.4 1,360.2 1,358.3 Final sales Change in business inventories. Goods Final sales Change in business inventories. 1,693.1 1,871.4 1,756.3 1,797.0 1,848.2 1,892.2 1,948. 2 1,976.4 1,266. 2 1,325. 5 1,289.2 1,301.2 1,317.5 1,331. 8 1,351.5 1,346.9 16.5 8.5 13.2 11.3 -1.8 9.7 23.6 13.5 11.8 15.7 21.7 13.8 18.2 -.9 13.3 8.7 864.9 613.1 602.4 608.5 843.5 624.4 615.9 617.0 827.1 862.5 580.1 581.9 834.7 774.7 805.9 764.2 848.4 595.3 571.6 601.2 592.7 604.5 601.3 849.0 583.7 615.7 805.4 819.9 816.6 775.6 792.1 750.9 16.5 8.5 13.2 11.3 15.7 13.5 11.8 -1.8 9.7 21.7 8.7 23.6 -.9 13.8 13.3 18.2 Durable goods Final sales Change in business inventories. 303.4 299.3 4.1 341.3 332.2 9.1 312.6 312.0 .6 334.4 326.6 7.8 341.0 329.5 11.5 342.3 332.1 10.3 347.6 340.9 6.8 352.2 338.4 13.9 235.2 232.4 2.8 253.8 247.7 6.1 237.0 237.0 .1 252.3 246.7 5.6 254.7 247.4 7.3 253.5 246.8 6.7 254.8 250.1 4.6 253.9 245.0 8.9 Nondurable goods Final sales Change in business inventories. 460.9 451.6 9.3 493.4 484.3 9.1 462.1 463.6 -1.6 471.5 465.6 6.0 486.1 475.9 10.2 501.2 487.8 13.4 514.9 508.1 6.8 512.6 510.0 2.6 344.9 339.3 5.7 359.3 353.5 5.8 344.8 346.7 -1.9 350.1 346.0 4.2 353.8 347.9 5.8 363.5 354.5 9.0 369.7 365.6 4.1 362.0 359.6 2.4 782.0 160.2 867.4 187.5 813.8 166.9 833.7 171.2 855.3 187.5 881.6 190.7 898.8 200.4 929.2 198.9 584.7 109.9 606.2 118.0 593.6 111.9 597.1 111.5 602.9 119.3 611.1 119.4 613.8 122.0 623.5 118.9 Services. ._ Structures. Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8) Gross national product _ Gross domestic product Business Nonfarm Nonfarm less housing _ Housing Farm Statistical discrepancy. _ Kesiduali Households and institutionsGovernment Federal State and local.. Rest of the world. Preliminary. 1,706.5 1,889.6 1,755.4 1,810.8 1,869.9 1,915.9 1,961.8 1,992.9 1,274.7 1,337.3 1,287.4 1,311.0 1,330.7 1,347.4 1,360.2 1,358.3 1,692.1 1,872.5 1,740.9 1,793.2 1,851.4 1,898.2 1,947.1 1,975.5 1,268.0 1,330.1 1,280.9 1,444.3 1,603. 6 1,485. 2 1,532.3 1,586. 4 1,390.9 1,553.5 1,433.4 1,478.0 1,536. 7 1,258.7 1,407.4 1,296.8 1,337.4 1,392. 7 140.6 144.1 136.5 132.3 146.1 50.8 46.4 47.9 51.0 50.3 -1.2 5.5 3.3 -.2 5.3 1,303.3 1,322.8 1,340.1 1,354.2 1,351.3 628.1 1,667. 7 1,689.2 1,082. 0 1,141. 2 1,093.9 1,116. 2 1,134.9 1,150.5 1,163. 3 1.159.3 580.0 1,619. 5 1,043. 8 1,104. 6 1,054.8 1,077.8 1,099. 8 1,112. 7 1,128. 0 1.126.4 966.7 431.9 1,467. 6 987.8 944.7 934.9 999.3 1,013.4 1,010.7 991.8 111.1 148.0 155.7 112.1 110.2 151.9 113.4 114.5 115.7 108.8 112.8 35.1 47.2 51.0 34.9 34.1 52.1 36.2 37.1 34.6 33.0 35.8 -3.9 3.4 4.9 .2 1.6 -1.7 2 -1.7 5.2 56.2 63.0 58.3 60.4 62.0 63.6 66.2 69.0 40.2 41.4 40.6 40.6 41.2 41.7 42.1 42.4 191.6 62.4 129.2 205.8 66.5 139.4 197.5 64.7 132.8 200.5 65.4 135.1 203.1 65.5 137.6 206.5 65.8 140.7 213.2 69.1 144.1 217.3 69.8 147.5 145.8 48.4 97.3 147.5 48.6 146.4 48.6 97.8 146.5 48.6 97.9 146.7 48.6 98.1 147.9 48.7 99.2 148.7 48.7 100.1 149.6 48.7 100.9 14.4 17.1 14.4 17.6 18.4 17.7 14.7 17.4 6.7 7.2 6.5 7.7 7.9 7.4 6.0 7.0 NOTE.—Fourth quarter 1977 corporate profits and related totals are revised. This applies to all tables that contain corporate profits or related items. HISTORICAL STATISTICS The national income and product data for 1929-72 are in The Documents; see addresses inside front cover). Data for 1973 and 1974-76 are in the July 1976 and July 1977 issues of the SURVEY, Statistical Tables (available for $4.95, SN 003-010-00052-9, from respectively (except for seasonally unadjusted quarterly estimates, Commerce Department District Office or the Superintendent of which are in the September 1976 and August 1977 issues). National Income and Product Accounts of the United States, 1929-7'4: CURRENT BUSINESS STATISTICS x HE STATISTICS here update series published in the 1975 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY That volume (available from the Superintendent of Documents for $6.80) provides a description of each series, references to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1971 through 1974 (1964-74 for major quarterly series), annually, 1947-74; for selected series, monthly or quarterly, 1947-74 (where available). Series added or significantly revised after the 1975 BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively. Unless otherwise noted, revised monthly data for periods not shown herein corresponding to revised annual data are available upon request. The sources of the data are given in the 1975 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and are also listed alphabetically on pages 187-88. Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided through the courtesy of the compilers, and are subject to their copyrights. OF CURRENT BUSINESS. 1975 Unless otherwise stated in footnotes below, data through 1974 and descriptive notes are as shown in the 1975 edition of BUSINESS STATISTICS 1976 1977 1975 I II III IV I II 1978 1977 1976 III IV I III II IV' I P Annual total Seasonally adjusted quarterly totals at annual rates GENERAL BUSINESS INDICATORS—Quarterly Series NATIONAL INCOME AND PRODUCTf Gross national product, totalt- - bil.$._ 1,528.8 1,706.5 1,889.6 1,453. 0 496.6 564.9 600.7 651.2 691.9 727.3 755.4 810.8 1,915.9 , 961.8 ,992.9 980.4 1,094.0 , 211. 2 936.5 965.9 995.1 024.1 056.0 078.5 102.2 139.0 , 172.4 194.0 1,218.9 ,259.5 , 284.0 Durable goods, total 9 do Motor vehicles and parts do Furniture and household equipment do Nondurable goods, total 9 -do. Clothing and shoes... ...do. Food.. .do. Gasoline and oil.. do. 132.9 53.9 58.0 158.9 71.9 63.9 179.8 83.8 70.3 122.8 48.0 54.8 127.8 49.9 57.4 136.7 56.5 58.7 144.3 61.3 61.0 153.3 68.8 62.0 156.7 71.0 63.0 159.3 72.1 63.9 177.0 85.3 67.4 178.6 84.5 69.3 177.6 81.2 70.9 186.0 ••84.2 '74.3 184.0 84.6 72.1 409.3 70.2 209.5 39.1 442.7 76.3 225.5 41.4 480.7 82.6 246.3 44.8 394.0 66.6 202.6 38.2 406.4 69.8 207.9 39.7 415.0 71.5 212.1 39.1 421.9 73.0 215.4 39.8 430.4 74.2 219.3 40.6 437.1 74.3 223.9 40.3 444.7 76.9 227.0 41.2 166.3 75.7 66.5 458.8 79.9 232.0 43.5 466.6 79.3 237.9 44.1 474.4 80.4 244.8 44.3 481.8 83.3 248.3 44.2 499.9 '89.0 • 254.0 '46.3 505.8 85.3 260.5 46.6 Services, total 9 Household operation Housing. Transportation do. ...do. do. do. 438.2 64.2 150.8 32.2 492.3 73.0 167.9 36.8 550.7 83.1 184.5 41.4 419.7 61.4 145.1 31.6 431.7 63.7 148.5 31.6 443.4 65.3 152.4 32.2 457.9 66.3 157.2 33.2 472.4 69.5 161.5 34.8 484.6 70.4 166.2 36.3 498.2 73.1 170.4 37.fi 513.9 78.8 173.7 38.7 528.8 80.7 177.6 39.5 541.1 79.2 181.9 40.5 559.5 85.2 186.7 42.3 573.7 ' 86.6 r 191. 4 594.3 91.6 196.3 45.8 Gross private domestic investment, total...do. 189.1 243.3 294.2 175.1 171.2 205.4 204.7 231.3 244.4 254.3 243.4 271.8 294.9 303.6 -do. ...do. do. do. 200.6 149.1 52.9 96.3 230.0 161.9 55.8 106.1 276.1 185.1 66.5 123.6 197.1 149.8 53.3 96.5 196.3 147.7 51.9 95.7 200.5 148.2 52.8 95.4 208.4 150.7 53.4 97.4 216.8 155.4 54.7 100.8 226.1 159.8 55.8 104.0 232.8 164.9 56.0 109.0 244.3 167.6 57.0 110.6 258.0 177.0 57.9 119. 2 273.2 182.4 61.0 121.4 280.0 187.5 62.6 124.9 306.7 293.2 193.5 64.5 129.0 297.9 197.7 65.1 132.6 Residential Change in business inventories. Nonfarm.. do. do. .do. 51.5 -11.5 -15.1 68.0 13.3 14.9 91.0 18.2 17.1 47.3 -22.0 -25.9 48.6 -25.1 -26.9 52.3 4.9 1.4 57.6 -3.6 -9.2 61.4 14.5 15.9 66.3 18.3 20.4 67.8 21.5 22.0 76.7 -.9 1.4 81.0 13.8 14.1 90.8 21.7 22.4 92.5 23.6 23.1 99.7 13.5 9.0 100.2 16.5 15.5 Net exports of goods and services Exports... Imports. do. do. do. 20.4 147.3 126.9 7.8 162.9 155.1 -10.9 174.7 185.6 15.4 147.4 131.9 24.3 142.7 118.3 20.8 146.9 126.1 20.8 152.1 131.3 10.2 153.9 143.7 10.2 160.6 150.4 7.9 168.4 160.6 3.0 168.5 165.6 -8.2 170.4 178.6 -9.7 178.1 187.7 -7.5 179.9 187.4 -18.2 170.6 188.8 -22.6 178.3 200.8 Govt. purchases of goods and services, total.do. Federal ...do. National defense do. State and local do. 338.9 123.3 83.9 215.6 361.4 130.1 86.8 231.2 395.0 145.4 94.3 249.6 326.0 119.6 81.6 206.4 335.2 121.8 83.0 213.3 343.5 123.8 84.4 219.7 351.0 128.1 86.7 222.9 353.6 127.6 86.3 225.9 358.9 128.5 86.0 230.4 363.0 130.2 86.4 232.7 370.0 134.2 88.4 235.8 374.9 136.3 89.7 238.5 390.6 143.6 93.4 247.0 400.9 148.1 95.6 252.9 413.8 153.8 98.5 260.0 417.1 153.1 99.2 264.1 1,693.1 1,871.4 750.9 -•810. G 299.3 '332.2 451.6 '484.3 782.0 '867.4 160.2 187.5 , 475.0 665.8 250.6 415.2 670.5 138.8 , 521.7 692.9 263.8 429.1 689.5 139.3 , 506.6 ,604.4 725.2 706.6 272.5 283.1 434.2 442.1 708.4 728.3 145.0 150.8 , 636.7 730.0 287.6 442.4 751.6 155.0 , 673. 7 743.4 294.9 448.5 770.8 159.4 , 705.8 754.5 302.7 451.8 791.8 159.6 756.3 775.6 312.0 463.6 813.8 166.9 , 797.0 792.1 326.6 465.6 833.7 171.2 ,848.2 1.892.2 1, 948. 2 849.6 819.9 805.4 340.9 332.1 329.5 508.1 487.8 475.9 898.8 881.6 855.3 200.4 190.7 187.5 ,970.4 848.4 338.4 510.0 929.2 198.9 14.5 -2.0 16.6 18.3 7.0 11.2 21.5 10.7 10.9 -.9 .6 -1.6 13.8 7.8 6.0 13.5 6.8 6.8 16.5 13.9 2.6 Personal consumption expenditures, total..do , Fixed investment Nonresidential. Structures. _ Producers' durable equipment By major type of products Final sales, total G oods, total Durable goods Nondurable goods. Services Structures Changein business inventories Durable goods Nondurable goods '43.8 314.4 do do do do ...do do... 1,540.3 697.7 267.5 430.2 699.2 143.5 do.. ...do. do. -11.5 -9.2 -2.2 13.3 4.1 9.3 '18.2 ^9.1 'D.I -22.0 -12.8 -9.2 -25.1 -11.7 -13.4 , 188.2 1,220.7 1,229.8 1,256.0 1,271.5 1,283. 7 1,287.4 1,311.0 1,330. 7 1,347.4 1, 360. 2 1,358.3 879.8 879.2 850.4 854.1 807.2 822.7 780.2 792.8 815.5 860.4 839.8 770.4 4.9 -2.1 7.0 -3.6 -10.3 6.7 21.7 11.5 10.2 23.6 10.3 13.4 GNP in constant (1972) dollars! Gross national product, totalf bil.$. 1,202.1 1,274.7 1,337.3 , 169.8 Personal consumption expenditures, total..do... 775.1 821.3 861.2 756.9 Durable goods .do... Nondurable goods. do... Services _ do... Gross private domestic investment, total...do... 112.7 307.6 354.8 127.5 321.6 372.2 138.2 333.7 389.2 106.2 301.8 349.0 109.0 308.4 353.0 115.4 308.6 356.2 120.2 311.5 361.2 125.4 316.1 365. 6 126.7 319.3 369.6 127.1 321.5 374.0 130.7 329.7 379.7 136.9 329.7 383.8 137.9 330.0 386.3 136.5 332.4 391.4 141.6 173.0 '195.5 133.0 130.9 153.1 149.2 168.1 175.2 179.4 169.2 186.7 197.2 177.0 124.3 52.7 9.7 184.0 126.4 57.6 13.2 141.6 342.7 395.5 137.6 339.2 402.3 200.8 197.5 199.7 185.1 127.6 57.5 15.7 188.7 ' 128.9 59.9 8.7 188.4 129.4 59.0 11.3 Fixed investment Nonresidential Residential Change in business inventories _do.._ do .__do~[~ do... Net exports of goods and services do... 22.5 16.0 10.0 20.5 24.5 22.7 22.3 16.8 16.4 17.0 13.8 10.6 9.4 12.2 5.9 4.5 Govt. purchases of goods and services, total.do Federal do. State and local ...do"" 263.0 96.7 166.3 264.4 96.5 167.9 271.1 101.4 '169.7 259.4 96.0 163.4 262.3 96.5 165.8 264.8 96.9 167.8 265.4 97.4 168.0 263.9 96.4 167.5 264. 5 96.1 168.4 264.6 96.7 168.0 264.6 97.1 167.5 263.3 97.0 166.4 270.0 101.1 168.9 274.0 103.3 170.7 277.0 104.2 172.8 274.9 102.1 172.8 151.5 112.7 38.8 -9.9 164.5 116.8 47.7 8.5 '183.7 '126.8 56.9 '11.8 152.9 116.6 36.3 -20.0 148.9 112.0 36.9 -18.0 'Revised. v Preliminary. fRevised series. Estimates of national income and product and personal income have been revised back to 1973 (see p. 16 ff. of the July 1977 SURVEY); 150.2 111.0 39.3 2.9 153.8 111.3 42.6 -4. 158.4 113.7 44.8 9.7 163.1 115.9 47.1 12.1 165.6 118.5 47.1 13.8 171.0 119.0 52.0 -1.8 revisions prior to May 1976 for personal income appear on p. 28 of the July 1977 SURVEY. e 9 Includes data for items not shown separately. Corrected. S-l SURVEY OF CURRENT BUSINESS S-2 Unless otherwise stated in footnotes below* data through 1974 and descriptive notes are as shown in the 1975 edition of BUSINESS STATISTICS 1975 1976 1977 1975 III II A n n u a l total April 1978 IV I II 1978 1977 1976 III IV I II III I IV II GENERAL BUSINESS INDICATORS—Quarterly Series—Continued NATIONAL INCOME AND PRODUCTj—ConQuarterly Data Seasonally Adjusted Implicit price deflators:f Gross national product Index, 1972 = 100.. Personal consumption expenditures do Durable goods do Nondurable goods do Services do Gross private domestic investment: Fixed investment.. do Nonresidential .do Residential do Govt. purchases of goods and services do Federal do State and local. do 127.18 126.5 117.9 133.1 123.5 133.88 141. 29 133.2 ' 140. 6 124.7 130.1 137.7 144.0 141.5 132.3 125.96 125.4 117.2 131.8 122.3 128. 28 127.5 118.4 134.5 124.5 130.17 129.2 120.1 135.5 126.8 131.47 130.8 122.2 136. 2 129.2 133.06 132.3 123.8 136.9 131.1 134. 56 136.35 135.6 134.0 127.2 125.3 139.3 138.3 135.4 133.2 138.13 137.9 129.3 141.5 137.8 140.52 139.8 129.5 143.8 140.1 142.19 141.7 130.0 144.9 142.9 144. 23 14f>. 73 14li. 0 143. 2 133.7 131. 3 149.1 145.9 147.7 145.0 r 132.4 132.3 132.8 139.8 138.7 142.5 150. 3 140.0 160.3 131.8 131.8 131.7 133.5 133.6 133.2 135. 5 135.5 135.4 136.9 136.8 137.1 138.6 137.8 140.7 140.6 139.2 144.1 142.9 140.9 147.5 145.8 142.5 153.7 148.5 144.4 157.6 151.3 146.9 160.9 155.3 150.1 164.0 158.1 152.8 169.9 128.9 127.5 129.7 136.7 134.8 137.7 145. 7 143. 4 147.1 127.8 126.3 128.6 129.7 127.7 130.9 132.3 131.5 132.7 134.0 132.4 134.9 135.7 133.7 136.8 137.2 134.7 138.6 139.8 138.2 140.7 142.3 140.6 143.4 144.6 142.0 146.2 146.3 143.3 148.1 149.4 147. 6 150.5 151.7 149.9 152.8 _bil. $.. 1,217.0 1,364.1 1,520.5 1,191.4 1,244.9 1,275.7 Quarterly Data Seasonally Adjusted at Annual Rates National income, totalf... Compensation of employees, total do Waeesand salaries, total do Govt. and govt. enterprises do Other do.... Supplements to wages and salaries do Proprietors' income with inventory valuation and capital consumption adjustments, total .bil. $.. Farm do Nonfarm do Rental income of persons with capital consumption adjustment bil. $.. Corp. profits with inventory valuation and capital consumption adjustments, total bil. $_. Corp. profits with invent, val. adj.: Domestic, total do Financial do Nonfmancial, total 9 -do Manufacturing, total 9 do Durable goods do Transportation, communication, and electric, gas, and sanitary serv bil. $.. Rest of the world do 930.3 805.7 175.4 630.3 124.6 Profits before tax. total Profits tax liability Proflts after tax Dividends Undistributed profits Inventory valuation adjustment Capital consumption adjustment Net interest ...do do... .do do do ...do.. do.. do. 86.0 23.2 62.8 1,036.3 1,156.3 891.8 ' 990. 0 187.2 199.9 704.7 ' 790.1 144.5 166.3 88.0 18.6 69.4 22,3 25.3 Prel] ,109.9 1,144.7 980.9 951.3 197.2 194.8 783.6 756.4 163.8 158.6 1,540.5 '1,585.7 1,167.4 1,203. 3 1,242. 5 998.9 1,029.1 1,057.4 200.6 209.9 206.9 798.3 847.5 822.2 168.5 185.1 174.3 965.6 834.9 181.2 653.8 130.7 84.3 22.7 61.6 90.4 26.2 64.2 90.4 25.5 64.9 86.9 20.0 66.9 90.4 21.6 68.8 86.2 16.2 70.0 88.7 16.6 72.0 95.1 20.7 74.3 97.0 19.7 77.3 95.5 15.5 80.0 105.0 22.7 82.4 102.4 19.7 82.8 22.3 22.2 22.6 23.0 22.9 23.3 24.1 24.5 24.9 25.5 26.4 26.9 99.3 128.1 ' 139.9 92.7 115.6 114.7 126.5 129.2 133.5 123.1 125.4 140.2 149.0 • 144.1 134.6 18.2 116.4 66.3 29.9 ' 147.8 '20.7 ' 127.2 ' 75.4 ' 37. 5 98.4 14.3 84.1 43.4 15.4 122.6 14.7 107.9 59.6 25.9 123.2 16.1 107.1 59.1 23.8 132.4 17.8 114.6 65.3 27.2 136.1 18.1 118.0 68.7 32.5 139.8 18.4 121.3 68.4 31.0 130.2 18.4 111.8 62.9 29.0 131.0 19.2 111.8 65.2 31.5 145.5 19.9 125.5 76.4 39.4 157.4 21.2 136.1 77.6 37.5 157. 5 22.3 135.2 82.2 41.8 9.3 6.1 11.5 8.1 12.9 '9.3 8.5 6.2 11.1 6.3 12.1 6.0 11.1 12.1 8.6 7.6 12.2 8.4 10.4 7.7 11.6 10.1 11.5 10.7 14.1 9.6 14.5 6.7 123.5 50.2 73.4 32.4 41.0 156.9 64.7 92.1 35.8 56.4 '171.7 ' 69. 2 ' 102. 5 '41.2 '61.4 113.9 45.9 68.2 32.2 36.0 137.7 56.3 81.4 32.9 48.5 141.0 57.9 83.1 32.5 50.6 153.5 63.1 90.4 33.6 56.8 159.2 66.1 93.1 35.0 58.1 159.9 65.9 94.0 36.0 58.0 154.8 63.9 90.9 38.4 52.5 161.7 64.4 97.2 38.5 58.8 174.0 69.7 104.3 40.3 64.1 172.8 69.3 103.6 42.3 61.2 '178.3 '73.3 ' 105.0 '43.6 61.4 -12.0 -12.2 79.1 -14.1 -14.7 88.4 -14.6 -17.2 100.9 -9.3 -11.9 77.6 -8.8 -13.3 79.9 -11.8 -14.5 82.3 -12.4 -14.6 85.0 -15.5 -14.6 86.5 -11.7 -14.7 90.1 -16.9 -14.8 92.0 -20.6 15.5 95.3 -17.8 15.8 98.9 -5.9 -17.6 103.1 -14.1 -19.4 106.1 1,530. 7 1,234.7 1,269.7 1,304.0 1,338.1 1,366.7 1,393.9 1,432.2 1,476.8 1,517.2 1,549.8 200. 6 209.5 142. 5 173. 9 179.9 227. f> 224.8 226.1 224.4 184.8 192.6 1,309. 2 1,092.2 1,095.7 1,124.1 1,153. 3 1,174.1 1,193.3 1,222.6 1,252.4 1,292.5 1,323.8 '1,241.9 M 1,019.1 1,048.6 1,080.9 1,103.8 1,128.5 1,166.3 ,201.0 1,223.9 1,250.5 67.3 64. 8 56. 3 68.5 75.5 76.7 73.3 51.4 103.1 72.4 70.3 43.8 -24.6 -20.6 109.4 1,603.0 1,636.7 234.7 236.3 1,3683 1, 400. 5 1,292.2 1,317.9 76.1 82.6 135.80 60.16 27.77 32.39 28.43 12.15 5.59 6.55 27.79 11.67 5.16 6.51 30.74 13.30 5.99 7.30 25.87 10.96 4.78 6.18 29.70 12.66 5.61 7.05 30.41 13.48 6.02 7.46 34.52 15.38 7.27 8.12 29.20 12.52 5.80 6.72 33.73 14.84 6.79 8.06 34.82 15.60 7.17 8.43 38.06 17.19 8.00 9.18 32.84 14.00 6.60 7.40 1 37.52 16.43 7.71 8.72 75.64 4.50 2.80 1.62 2.51 16.28 .97 .71 .47 .77 16.12 .94 .62 .50 .85 17 44 97 .62 .43 .93 14.91 17.04 .92 .49 .26 .72 1.02 16.93 1.04 .64 .26 .95 19.14 1.05 .70 .35 .94 16.68 1.02 .59 .33 .61 18.88 1.16 .67 .43 .76 19.21 1.17 .78 .39 .50 20.87 1.15 .76 .46 .63 18.84 1.26 .73 .50 .49 21.08 1.32 .89 .62 .58 25.80 21.59 4.41 15.45 22.97 4.94 4.15 .79 3.22 5.19 5.07 4.16 .91 3.14 5.00 5.70 4.85 .85 3.26 5.52 4.79 4.18 5.50 4.74 5.55 4.78 .77 3.30 5.27 6.37 5.34 1.03 3.86 5.64 6.61 5.41 1.20 4.03 5.73 7.28 6.06 1.21 4.26 6.33 7.21 6.06 1.15 3.21 5.21 6.46 5.34 1.12 3.84 5.78 6.27 5.35 .92 2.92 4.82 5.52 4.54 .98 3.33 5.19 9. 60 2 10.46 112.46 48.78 22.59 26.19 112.16 47.39 21.01 26.38 111.80 46.82 21.07 25.75 114. 72 49.21 21.63 27.58 118.12 50.64 22.54 28.09 122.55 54.78 24.59 30.20 125. 22 130.16 54.44 56.43 25.50 26.30 28.93 30.13 134.24 59.46 27.26 32.19 140. 38 63.02 29.23 33.79 138.11 61.41 28.19 33.22 63.68 3. 78 2.70 1.60 2.75 64.76 3 82 2!"5 2.12 2.99 64.98 3.82 2.39 1.65 3.56 65.51 3.83 2.08 1.18 3.29 67.48 3.83 2.64 1.44 4.16 67.76 4.21 2.69 1.12 3.44 70.78 4.13 2.63 1.41 3.49 73.74 4.24 2.71 1.62 2.96 74.78 4.49 2.57 1.43 2.96 77.36 4.74 3.20 1.69 1.96 76.70 4.50 2.80 1.76 2.32 83.25 5.24 3.38 2.42 2.32 83.34 5.13 3.37 2.04 2.22 19.52 19.79 16.58 3.21 12.95 20.34 20.91 17. 92 3.00 12.22 20.44 21.91 18. 56 3.36 12.54 20.68 21.85 18.82 3.03 12.62 20.94 21.67 18.22 3.45 13.64 20.99 23.46 19.49 3.96 14.30 21.36 25.35 21.19 4.16 14.19 22.67 25.29 21.14 4.16 15.32 22.73 26.22 21.90 4.32 16.40 23.14 26.23 22.05 4.18 15.82 23. 27 28.69 23.70 4.99 28.62 23.99 4.63 16.41 3.11 12.50 20.83 Ti* ^ li -, / rninary. 1 Estimates (corrected for systematic biases) for Jan.Mar. 19/8 and Apr.-June 1978 baeed on expected capital expenditures of business. Expected expenditures for the year 1978 appear on p. 24 of the Mar. 1978 SURVEY. 2 Includes communication. fSee corresponding note on p. S-l. 9Includes data for items not shown separately. ePersonal outlays comprise personal consumption expenditures, interest paid 1,402.1 1,450.2 1,505.7 999.6 1,024.9 1,046.5 1,074. 2 900.2 923.2 861.5 882.4 188.2 192.5 182.7 185.4 712.0 730.7 678.8 697.0 146.3 150.9 138.1 142.5 936.7 810.5 176.9 633.5 126.3 105.4 15.0 90.3 47.9 18.5 DISPOSITION OF PERSONAL INCOMEf Personal income, total bil. $. 1,253.4 1,382. 7 Less: Personal tax and nontax payments do... 169.0 196.9 Equals: Disposable personal income do... 1,084.4 1,185.8 Less: Personal outlays^ ...do... 1,004.2 1,119.9 Equals: Personal saving§ .do... 80.2 65.9 NEW PLANT AND EQUIPMENT EXPENDITURES Unadjusted ouarterly or annual totals: All industries bil. $. 112.78 120.49 Manufacturing do. -. 47.95 52.48 21.84 Durable goods industriesif do_.. 23.68 26.11 28.81 Nondurable gcods industries^ do... Nonmanufacturing do. 64.82 68.01 Mining do. 3.79 4.00 Railroad do. 2.55 2.52 Air transportation do. 1.84 1.30 Other transportation do. 3.18 3.63 Public utilities do 20.14 22.28 Electric do... 17.00 18.80 Gas and other do... 3.14 3.47 Communication do... 12.74 13.30 Commercial and other do 20.60 20.99 Seas. adi. qtrly. totals at annual rates: All industries do... Manufacturing do... Durable goods industries^ do . Nondurable goods industries^ do.. Nonm anufacturing do. Mining .do Railroad do Air transportation I." .do" Other transportation. do. Public utilities do. Electric do" Gas and other do Communication IIIIIIIII~Ido~" Commercial and other . do. V ed '98.2 19.7 78.5 1,321.0 1,353.9 1,379.6 914.4 792.4 173.7 618.6 122.1 .62 .99 .68 .42 .76 2 146.25 1149.16 63.00 65.82 29.81 31.01 33.18 34.81 2 41. 21 I 2 41.94 by consumers to business, and personal transfer payments to foreigners (net). § Personal saving is excess of disposable income over personal outlays. "JIData for individual durable and nondurable goods industries components appear in the Mar., June, Sept., and Dec. issues of the SURVEY.