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CURRENT BUSINESS STATISTICS

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

1962

| 1963 | 1964

1962
III

Annual total

|

Data from private sources are provided

1963

IV

I

II

1964

III

IV

I

II

1965

. HI

IV

I

II

III

Seasonally adjusted quarterly totals at annual rates

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

560.3

589.2

628.7

564.4

572.0

577. 0

583.1

593.1

603.6

614.0

624.2

634.8

641.1

656.4

665.9

677.5

Personal consumption expenditures, total.. do —

355. 1

373.8

398.9

357.2

363.0

368. 0

371.1

376.6

379.5

389.1

396.0

404.6

405.9

416.9

424.4

432.2

Durable goods, total ©
»
, do
Automobiles and parts
do
Furniture and household equipment. --do.—.
Nondurable goods, total ©
do
Clothing and shoes
.._ do.___
Food and beverages
do....
Gasoline and oil
do
Services, total ©
do
Household operation _. . __
do
Housing
__„
do
Transportation
do
Gross private domestic investment, total. _ .do
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...
.do
Exports
do
Imports
do
Govt. purchases of goods and services, total.. do
Federal
do
National defense
. do
State and local.
_ _
:_. do .
By major type of product:!
Final sales, total
......do
Goods, total
....
do
Durable goods
do
Nondurable goods _
.
do
Services —
do
Structures __
do
Inventory change, total
do....
Durable goods
.
do
Nondurable goods
..do,...

49.5

22.0
20.5
162.6
29.6
85.7
12.9
143.0
22.0
52.0
11.0
83.0
77.0
51.7
19.2
32.5
25.3
24.8
6.0
5.3
5.1
30.3
25.1
117.1
63.4
51.6
53.7

53.4
24.3
21.9
168.0
30.5
88.2
13.5
152.3
23.1
55.5
11.4
86.9
81 2
54.3
19. 7
34.6
26.9
26.3
5.7
4.9
5.9
32 4
26.4
122.6
64.4
50.8
58.3

58.7
25.8
24.7
177,5
92.3
14.0
162. 6
24.4
59.5
11.7
92.9
88.1
60.5
21.1
39.4
27.5
27.0
4.8
5.4
8.6
37.0
28.5
128.4
65.3
49.9
63.1

50.1
22.3
20.7
163.2
29.7
86.2
12.9
144 0
22.2
52.6
11 0
84.3
79.2
63.1
19.7
33.5
26.0
25 A
5.2
4.3
5.4
30 6
25.2
117.4
63.3
51.3
54.1

51.1
23.0
21.0
165.3
30.2
86.7
13.4
146 7
22.4
53.6
11 2
84.7
78 3
52.7
19.5
33 2
25.6
25.0
6.4
5.3
4.9
30 5
25.5
119.3
64.4
50.9
55 0

52.2
23.6
21.4
166.6
30.3
87.5
13.3
149 2
-22.8
54.5
11.3
82.6
78.1
52.1
19.0
33.1
26.0
25.4
4.5
3.8
4.5
30 0
25.6
121.9
65.4
51.5
56.5

52.6
23.9
21.4
167.4
30 2
88.1
13.4
151 1
22 8
55.3
11 4
84.8
80 1
53.4
19.2
34 2
26 7
26.1
4.7
4 2
6 2
32 4
26 2
120.9
63 6
50.5
57 4

54.1
24.6
22.1
169.2
31.1
88.5
13.5
153 3
23 5
55.7
11 4
87.9
82 1
55 1
20.0
35 1
26 9
26.4
5.8
52
57
32 6
26 9
123.0
64 2
51.0
58 8

54.9
24.9
22.7
168.9
30 6
88.7
13.7
155 7
23 3
56.5
11 5
92.4
84 3
56 5
20.5
36 0
27 9
27.3
8.1
69
73
34 4
27 1
124.3
64 4
50 3
59 9

57 4
25.5
23.9
173.7
32 3
90.6
14.0
158 0
23 6
57.5
11 7
89.7
86 5
58 1
20.7
37 5
28 4
27.8
Q
3.0
36
88
36 3
27 5
126.3
65 0
49 8
61 3

59.1
25.7
25.1
175.7
33 2
91.3
13.9
161 2
24 4
58.8
11 7
90.9
86 8
58 9
21.1
37 9
27 9
27.3
4.1
51
77
36 0
28 2
129.7
67 0
51 7
62 7

60.5
27.1
25.0
179.8
33 8
93 3
14.0
164 3
24 8
60 1
11 8
92.6
88 8
61 6
21 1
40 5
27 2
26 6
3.8
46
88
37 3
28 5
128.7
64 9
49 5
63 8

57 9
24.8
24.8
180.9
34 0
94 1
14.2
167 1
24 8
61 4
11 9
97. 7
90 2
63 5
21 5
42 0
26 7
26 2
7.5
78
89
38 4
29 5
128.6
64 3
48 8
64 3

63 9
29.7
25.3
183.0
34 3
94.9
14.2
170 0
24 9
62 7
12 0
102.4
93 7
66 0
21.8
44 2
27 7
27.1
8.7
93
6 2
34 8
28 6
130.9
64 9
48 9
66 0

63 7
28.9
25.6
187.6
35 0
97 2
14 7
173 1
25 3
64 0
12 1
101.1
94 4
66 4
22 7
43 7
28 0
27 5
6.7
71
7 5
39 8
32 3
132.9
65 9
49 4
67 0

65 0
29.8
26.1
191.1
35 7
99 3
14.8
176 1
25 9
65 3
12 2
102. 0
95 9
68 3
23.2
45 1
27 6
27.1
6.1
60
81
40 0
31 8
135.2
67 1
50.8
68 1

554.3
278.5
106.2
172.2
213.3
62.6
6.0
2.8
3.2

583.5
291. 1
113 1
178.1
226.9
65.5
5.7
2.8
2.9

623.9
311.3
122 8
188.4
244. 0
68.6
4.8
3.3
1.5

559.2
281 1
107 9
173. 2
214 6
63.6
5.2
2.9
2.3

565.6
283 8
108 1
175. 6
218 5
63.4
6.4
1.7
4.7

572.5
287 2
109 8
177.4
222 1
63.2
4.5
2.0
2.5

578.4
289 2
112 0
177 2
225 1
64.1
4.7
3.4
1.4

587.3
292 9
114 3
178 6
228 2
66 2
5.8
2 3
3.5

595.5
295 3
116 2
179 1
232 1
68 0
8.1
38
4.3

610.7
304 9
120 1
184 9
237 3
68 5
3.3
2 2
1.1

620.1
308 3
121 6
186 8
242 8
69 0
4.1
35
.6

631.0
316 0
125 4
190 6
246 4
68 6
3.8
27
1.1

633.6
315 8
124 3
191 5
249 7
68 1
7.5
44
3.1

647.6
323 8
130 9
192 9
254 2
69 6
8.7
71
1.6

659.2
330 5
132 3
198 2
257 8
70 9
6.7
6 2
.5

671.3
338 2
136 0
202 3
262 0
71 1
6.1
59
.2

Gross national product, totalf

QO O

GNP in constant (1958) dollars
530.0

550.0

577.6

533.6

538.5

541.2

544. 9

553.7

560.0

567.1

575. 9

582.6

584.7

597.5

601.4

609.7

Personal consumption expenditures, total.. do... „ 338.6

352.4

372.1

340.3

344.8

348.3

350.0

355. 1

356.4

364.5

369.8

377.3

376.8

385.9

390.2

396. 7

49.2
158. 4
131.1

53.2
161.8
137.3

58.5
169.4
144.2

49.7
158.9
131.8

50.8
160.2
133 8

52.0
161.0
135.3

52.3
161.2
136 5

54 1
163. 0
138 0

54 7
162.1
139 6

57 0
166 4
141 1

58 7
167 8
143 3

60 2
171 6
145 5

57 9
171.8
147 1

63 7
173.4
148 8

63.5
176.2
150 5

66.0
178. 4
152.3

79.4
73.4
49.7
23.8
6.0
4.5

82.3
76.6
51 9
24 7
5.7
5.6

86.3
81.7
57 1
24 6
4.6
8.5

80.6
75.3
51.1
24.2
5.3
4.9

80.7
74.5
50 7
23 8
6.2
4.4

78.7
74.2
50 0
24.2
4.4
4.0

80.5
75.8
51 2
24.6
4.6
5.8

83.0
77.2
52 6
24 6
58
5.5

86.9
"79 0
53 7
25 3
79
7.1

83.8
80 7
55 1
25 7
30
9.0

85.2
80 7
55 7
25 0
45
8.1

86.0
82 2
58 1
24 1
38
8.7

90.2
83 1
59 6
23 6
71
8.3

94.7
86.2
61 9
24 3
8.6
6.0

93.0
86.5
62 0
24 5
6.5
6.7

92.9
87.0
63 4
23.6
5.8
7.3

Gross national product, totalf
Durable goods
Nondurable goods
Services ..

-

,

. __ _

bil. $..
do
..do
do

Gross private domestic Investment, total... do....
Fixed investment
do
Nonresidential
do
Residential structures
do
Change in business inventories.. _ _
do
Net exports of goods and services
do

Govt. purchases of goods and services, total-do.... 107.5
107.8
110.7
109.8
108.5
Federal
_
_
do
60.0
60.2
59.7
57.8
60.6
State and local
do
47.5
52.8
47.6
50.0
48.0
r
Revised. *> Preliminary. fRevised series. Estimates of national income and product
and personal income have been revised back to 1929 (descriptive material and earlier data
appear on p. 6 ff. and p. 24 ff., respectively, of the Aug. 1965 SURVEY); revisions prior to June
793-966 O-65-3




108.7
110.3
110.0
109.6
109.9
112.8
59.2
61.3
59.7
59 9
58 7
58 2
49.1
49.5
50.3
50.8
51.7
52.9
1964 for personal income appear on pp. 54-56 of the
shown separately.

112.9
110.9
109.4
111.5
110. 5
57.6
56.4
56.8
57.1
56.1
55.3
54.5
54.7
53.4
53.3
Aug. 1965 SURVEY. ©Includes data not

s-1

SUEVEY OF CURRENT BUSINESS

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

1962

1963

1964

1963
I

Annual total

II

December 1965
1964

III

IV

I

1965
III

II

IV

I

II

1966
III

IV

I

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

481.1

514. 4

470.4

476.7

484.6

492.6

501.6

510.5

519.5

526.3

541.4

550.3

'558 5

do_ __

323.6

341.0

365.3

333.6

338.0

343.0

349.5

355.1

361.9

369. 0

375.4

383.1

388.7

395.2

Wages and salaries, total
do
Private
_ _
do __
Military
do
Government civilian
do
Supplements to wages and salaries
do
Proprietors' income total 9
do
Business and professional 9
do
Farm
_
_
_do_ __
Rental income of persons
do
Corporate profits and inventory valuation adjustment total
-.„
bil. $

296.1
240.1
10.8
45.2
27.5
50.1
37.1
13.0
16.7

311.2
251.6
10.8
48.8
29.8
50.8
37.8
13.0
17.6

333.5
269.2
11.7
52.6
31.8
51.1
39.1
12.0
18.2

304.5
246.3
10.5
47.7
29.0
50.7
37.5
13.2
17.1

308.4
249.4
10.6
48.4
29.6
50.5
37.6
12.9
17.4

312.9
253.2
10.7
49.1
30.1
50.9
37.9
13.0
17.7

318.8
257.4
11.6
49.9
30.7
51.0
38.0
13.0
18.0

324.2
261.6
11.6
51.0
30.8
50.4
38.5
11.9
17.9

330.4
266.9
11 6
51.9
31.5
51 0
39.0
12.0
18 1

336.8
271.7
11.7
53.3
32.2
51.4
39.4
12.0
18.3

342.6
276.5
11.9
54.3
32.7
51.8
39.6
12.2
18.5

349.8
282.9
11.8
55.0
33.4
51.9
39.9
12.0
18.5

355.0
287.3
11.8
55.9
33.8
54.6
40.1
14.5
18.6

360.9
291.9
12 3
56.7
34.2
54.6
40.4
14.2
18.6

55.7

58.1

64.5

56.3

57.6

59.1

59.6

63.6

64.5

65.5

64.9

71.7

72.0

'73.5

do
do_
do
do
__do _
do

55.4
24.2
31.2
15.2
16.0
.3

58.6
26.0
32.6
15.8
16.8
-.4

64.8
27.6
37.2
17.2
19.9
-.3

56.1
24.9
31.2
15.6
15.6
.2

58.5
26.0
32.6
15.7
16.8
-.9

58.9
26.1
32.8
15.8
17.0
.2

60.8
27.0
33.8
16.1
17.7
— 1.2

64.0
27.3
36.7
16.7
20.0
—.4

64 5
27.5
37 0
17 1
19.9
0

65.3
27.8
37.5
17.4
20.1
.2

65.9
28.1
37.8
17.7
20.0
— 1.0

73.1
29.1
44.0
17.8
26.2
— 1.4

73.7
29.4
44.4
18.2
26.1
-1.7

'74.6
'29.7
'44.9
18.6
26.2
—1.1

__do

11.6

13.6

15.2

12.7

13.2

13.9

14.5

14.5

15 0

15.4

15.7

16.1

16.4

16.7

442.6
57.4
385.3
363. 7
21.6

464.8
60.9
403.8
383.4
20.4

495.0
59.2
435.8
409.5
26.3

456. 1
60.4
395.7
377.1
18.5

460 1
60.6
399.4
380.5
18 9

467.1
61.0
406.1
386.3
19.8

475.6
61.6
414.0
389.5
24.4

483. 0
60.4
422.6
399. 3
23.3

6
9
6
3
3

499.1
58.8
440.3
415.3
25.0

507.1
60.7
446.4
416.9
29.5

516.6
64.8
451.9
428.1
23.8

524.9
66.0
458.9
436. 0
23.0

535.9
64.6
471.3
444.1
27.2

11.09

12.84

10. 79 . 12.81

Compensation of employees, totaL __

Corporate profits before tax, total
Corporate profits tax liability.
Corporate profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Net interest

DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income total
bil $
Le^s' Personal tax and nontax payments
do
Equals* Disposable personal Income
do
Less* Personal outlays©
do
Equals' Personal saving §
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
_
bil. $ _

457.7

490
56
433
406
27

37.31

39.22

44.90

8.25

9.74

10.14

9.40

11.11

11.54

Manufacturing
Durable goods industries
Nondurable goods industries

..do _
do
___do

14. 68
7.03
7.65

15.69
7.85
7.84

18.58
9.43
9.16

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

4.54
2.25
2.28

5.47
2.76
2.70

'5.73
'2.91
'2.82

'6.78
'3.41
'3.37

5.40
2.70
2.70

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

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
1.41
2.38
6.22
4.30
10.83

.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

.29
.39
.58
1.32
1.08
2.59

.33
.44
.77
1.71
1.24
2.85

'.32
'.44
'.72
'1.88
1.22
'3.10

.35
' .40
' .76
' 1. 94

.32
.40
.89
1.47

Seas. adj. qtrly. totals at annual rates:
All industries

do

36.95

38 05

40.00

41 20

42 55

43 50

45 65

47.75

4Q 00

50 35

' 52 75r 1 KA

14.85

15.30

15.95

7.50

7.65

8.00

16. 45
8.30
8.15

17. 40
8. 85
8.55

17.80
9. 00
8.80

18.85
9. 60
9.20

20.15
10.15
10.00

20.75
10.40
10 40

21.55
10.80
10 70

r H 25

r 19 1 %>

1.05

1.00

1.70
5.20
3.55
9.65

2.05
5.45
3.65
9.65

1.05
I nn
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

1. 20
1.50
2.40
6.30
4.40
11.00

1.30
1.55
2 60
6.35
4.40
11.40

1.25
1.75
2 55
6.80
4 55
11.30

1.30
1.55
2 7Q
6.85
4 80
11.60

'1.25
'1.70

'1.40
'1.70

Manufacturing
Durable goods industries
Nondurable goods industries

do
__do
do

Mining..
Railroads

..do
do

...

Public utilities.
___„
Communications
Commercial and other

do
do
do

U.S. BALANCE OF INTERNATIONAL
PAYMENTSc?
Quarterly Data are Seasonally Adjusted
U S payments recorded
mil $
Imports :
Merchandise
_
.do
Military expenditures
—
do
Other services
_do
Remittances and pensions
__do
Govt srants and capital outflows^!
do

r ^ HO

OK

'6.75
' 6. 95
5 05
' 11. 95'317.30

39, 150

9,218

9,195

9,737

11 000

8 877

9 645

16, 992
2, 929
6,515
837
3,581

18, 619

4,410

7,014
839
3,563

1,736

4,599
720
1,742
203
890

4,709
691
1,736
207
895

4,901
681
1,800
220
1 025

4,663
662
1,832
224
797

5,469
702
1,926
290

4,456
1,976

6,462
2,376

1, 327
464

2,111
—171

589
51

1,569
551
470
406
-70

2 222
'821
833
568
151

1 541
1,159
679
-297
-842

367
891
-100
-424
-68

do

35,333

40, 311

9,506

9,347

10 028

11 430

8 880

9 799

6,343
1,396
1,345
422
187
71
164

6,258
1,395
1,338
356
48
231

6 550
1*392
1,393
693
—116
639
170

6 899
1 274
1,434
1,823
934
613
276

5 760
1 549
1,356
215
200
67
348

6 Q77
I fi/lfi
1,469
-370
070
-37
-60

-401

-1, 161

-288

-152

—291

—430

3

77

242

.205

3 17. 30

—485

-642

1.35
1.80
3 on
7.65

OQ/(|

—709

19 9 »

1,483
190

7fi9

26, 050
5,457
5,510
3,294
1,053
1,554
687

24.70
12.40
f

in 91 fi

22, 728
4.654
4,971
2,980
1,599
619

2 <ifi 70

515
356
-49
-40

do
do
do
do __
do
do
do

4.01

899

785
-378

1,344
540
256
548
-303

3

5,521
735
1,920
235

260

Unrecorded transactions (net)
do
Increase in U.S. official reserve assets and decrease
in liquid liabilities to all foreisners
mil $
Increase in U.S. official reserve assets and decrease
in liquid and certain nonliquid liabilities to foreign official agencies.
mil.$__

753

2 670 —2 798

—257

-1, 977 -1. 224

-136

' Eevised,
» Preliminary.
1
Estimates for Oct.-Dec. 1965 based on anticipated capital expenditures of business.
2
Estimates for Jan.-Mar. 1966 based on anticipated capital expenditures of business.
Anticipated expenditures for the year 1965 are as follows (in bil. $): All industries, 51.83;
manufacturing, total, 22.51; durable goods industries, 11.34; nondurable goods industries,
11.18; mining, 1.30; railroads, 1.68; transportation, 2.83; public utilities, 6.84; commercial and
3
other (incl. communications), 16.66.
Includes communications.




' 34.59

' 23. 00 '24.35
' 11. 75 ' 12. 20

34, 932

Increase in U.S private assets, net
do
Direct investments™
___
do
Long-term portfolio..
_._____do
Short-term.
do
Increase in U.S. official reserve assets, net__do
U S receipts recorded
Exports:
Merchandise and military sales
Income on investments
Other services
Increase in foreign assets in U.S
__
Liquid assets* Foreign official agencies t
Other foreign accounts
Other liquid assets

' 13. 41 ' 1 14. 82 2 12. 48

582

-351

593
46

-783

QKQ

9 932

7QQ

745
-255

l&evisions for qtrs. prior to 4th qtr. 1962 appear on p. 24 ft.
9 Includes
inventory valuation adjustment. ePersonal
Personal consumption expenditures, interest paid by consumers, and
Payment?U? foreiSners- § Personal saving is excess of disposable income
t
c
n? y?i' n ^°™es Tplete details are given in the quarterly reviews in the
'nnn
T fs>!? °f ^ SuRVEY fLess repayments on U.S. Govt. loans.
onmarketable, medium-term, nonconvertible Govt securities.

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