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SURVEY OF CURRENT BUSINESS May 1978 NATIONAL INCOME AND PRODUCT TABLES 1976 1976 1977 IV 1977 i ii 1978 in rv 1976 1976 1977 1977 I IV Seasonally adjusted at annual rates 1978 II III IV Ir Seasonally adjusted at annual rates Billions of current dollars Billions of 1972 dollars Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2) ,706.5 1,889.6 1,755.4 1,810.8 1,869.9 1,915.9 1,961.8 1, 993.4 1,274.7 1,337.3 1,287.4 1,311.0 1,330.7 1,347.4 1,360.2 1,358.8 Gross national product Personal consumption expenditures Durable goods Nondurable goods. Services Gross private domestic investment.. Fixed investment ,094.0 1,211.2 1,139.0 1,172. 4 1,194.0 1,218.9 1,259.5 1, 281.9 821.3 861.2 839.8 850.4 854.1 860.4 879.8 877.5 127.5 321.6 372.2 138.2 333.7 389.2 130.7 329.4 379.7 136.9 329.7 383.8 137.9 330.0 386.3 136.5 332.4 391.4 141.6 342.7 395.5 137.1 337.7 402.8 195.5 169.2 186.7 197.2 200.8 197.5 203.5 188.7 189.7 158.9 442.7 492.3 179.8 480.7 550.7 166.3 458.8 513.9 177.0 466.6 528.8 243.3 294.2 243.4 271.8 177.6 481.8 559.5 186.0 499.9 573.7 183.2 503.9 594.8 294.9 303.6 306.7 319.5 173.0 280.0 293.2 299.8 164.5 183.7 171.0 177.0 184.0 185.1 178.6 474.4 541.1 230.0 276.1 244.3 258.0 273.2 Nonresidential Structures Producers' durable equipment.. 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 64.5 129.0 199.7 66.0 133.6 116.8 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 89.5 130.6 39.6 91.0 Residential Nonfarm structures Farm structures Producers' durable equipment.. 68.0 65.7 1.0 1.3 91.0 88.4 1.1 1.4 76.7 74.3 1.1 1.3 81.0 78.5 1.1 1.4 90.8 88.2 1.2 1.4 92.5 89.9 1.1 1.5 99.7 97.1 1.0 1.6 100.1 97.3 1.1 1.7 47.7 46.0 .7 1.0 56.9 55.1 .7 1.1 52.0 50.2 .7 1.1 52.7 50.9 .7 1.1 57.6 55.7 57.5 55.7 .7 1.1 59.9 58.0 .6 1.2 59.1 57.1 .7 1.3 13.3 14.9 -1.6 18.2 17.1 1.0 1.4 -2.3 13.8 14.1 -.3 21.7 22.4 -.7 23.6 23.1 .5 13.5 9.0 4.5 19.7 18.9 .8 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 5.5 3.2 13.8 13.3 .5 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 7.8 -10.9 3.0 -8.2 -9.7 -7.5 -18.2 -24.6 16.0 9.5 13.8 10.6 9.4 12.2 5.9 3.4 162.9 155.1 174.7 185.6 168.5 165.6 170.4 178.6 178.1 187.7 179.9 187.4 180.3 204.8 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 98.0 94.6 361.4 395.0 370.0 374.9 390.6 400.9 170.6 188.8 413.8 416.6 264.4 271.1 264.6 263.3 270.0 274.0 277.0 274.4 130.1 ' 86.8 43.3 231.2 145.4 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 50.2 247.0 148.1 95.6 52.5 252.9 153.8 98.5 55.2 260.0 152.7 99.5 53.2 263. 9 96.5 101.4 97.1 97.0 101.1 103.3 104.2 101.7 167.9 169.7 167.5 166.4 170.7 172.8 172. 6 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 1,993.4 1,274.7 1,337.3 1,287.4 1,311.0 1,330.7 1,347.4 1,360. 2 1,358.8 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, 973. 7 1,266. 2 1,325. 5 1, 289. 2 1,301.2 1,317.5 1,331.8 1,351. 5 1,345. 0 13.2 13.8 9.7 15.7 18.2 8.5 -1.8 -.9 13.8 23.6 13.5 19.7 13.3 21.7 11.8 8.7 615.4 624.4 602.4 608.5 ' 617.0 863.8 613.1 834.7 827.1 843.5 862.5 581.9 774.7 580.1 764.2 805.9 601. 6 595.3 615.7 592.7 601.3 583.7 775.6 805.4 849.0 844.1 571.6 601.2 816.6 792.1 819.9 750.9 Q 13.2 13.8 9.7 15.7 8.7 8.5 -1.8 18.2 13.8 21.7 13.5 23.6 19.7 11.8 13.3 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 6.8 348.8 334. 5 14.3 235.2 232.4 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. 2 244.0 9.2 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 6.8 515.0 509. 6 5.5 344.9 339.3 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 4.1 362.3 357. 6 4.6 782.0 160.2 867.4 187.5 813.8 166.9 833.7 171.2 855.3 187.5 881.6 190.7 898.8 200.4 929.8 199.8 584.7 109.9 606.2 118.0 593.6 111.9 597.1 111.5 602.9 119.3 611.1 119.4 613.8 122.0 624.0 119.4 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.. ResiduaU Households and institutions. Government Federal State and local.. Rest of the world. ,706.5 1,889.6 1,755.4 1,810.8 1,869.9 1,915.9 1,961.8 1, 993.4 1,274.7 1,337.3 1,287.4 1,311.0 1,330.7 1,347.4 1,360.2 1,358.8 1,692.1 1,872.5 1,740.9 1,793.2 1,851.4 1,898.2 1,947.1 1, 975.4 1,268.0 1,330.1 1,280.9 1,303.3 1,322.8 1,340.1 1,354.2 1,351.5 1,444.3 1,603.6 1,485. 2 1,532.3 1,586.4 1,628.1 1,667. 7 1, 689. 3 1, 082. 0 1,141. 2 1,093.9 1,116.2 1,390.9 1,553.5 1,433.4 1,478.0 1,536.7 1,580. 0 1,619.5 1, 644. 2 1,043. 8 1,104. 6 1,054. 8 1,077. 8 1,258.7 1,407. 4 1,296.8 1,337.4 1,392.7 1,431.9 1,467. 6 1, 488. 6 934.9 991.8 944.7 966.7 146.1 148.0 132.3 136.5 144.1 140.6 151.9 155.7 110.2 111.1 108.8 112.8 47.2 47.9 50.3 50.8 46.4 52.1 51.0 51.8 34.1 35.1 33.0 35.8 5.5 -.2 -1.2 -3.9 5.3 3.3 -6.7 3.4 5.2 4.9 56.2 63.0 58.3 60.4 62.0 63.6 66.2 68.9 40.2 134.9 1,150. 5 1,163. 3 1,159. 6 099.8 1,112.7 1,128. 0 1,128.1 987.8 999.3 1,013.4 1,012.5 112.1 115. 6 113.4 114.5 34.9 35.1 36.2 37.1 -3.6 -1.7 .2 1.6 41.4 40.6 40.6 41.2 41.7 42.1 42.3 146.5 48.6 97.9 146.7 48.6 98.1 147.9 48.7 99.2 148.7 48.7 100.1 149.5 48.7 100.9 7.7 7.9 7.4 6.0 7.3 191.6 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 69.1 144.1 217.2 69.8 147.5 145.8 48.4 97.3 147.5 48.6 98.8 146.4 48.6 97.8 14.4 17.1 14.4 17.6 18.4 17.7 14.7 18.1 6.7 7.2 6.5 • Revised. 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, 1929-74: CURRENT BUSINESS STATISTICS JL 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. 1976 1975 Unless otherwise stated in footnotes below, data through 1974 and descriptive notes are as shown in the 1975 edition of BUSINESS STATISTICS 1977 1975 I II 1976 III IV I II 1978 1977 III IV I II III I' IV Annual total Seasonally adjusted quarterly totals at annual rates GENERAL BUSINESS INDICATORS—Quarterly Series NATIONAL INCOME AND PRODUCTf Gross national Droduct totalt bil $ Personal consumption expenditures, total, .do 1,528.8 980.4 1,706.5 1,889.6 1,094.0 1, 211. 2 , 453.0 1,496.6 1,564.9 1,600.7 1,651.2 1,691.9 1 727.3 1 755.4 1,810.8 1,869.9 936.5 965.9 995.1 1,024.1 1,056.0 1,078.5 1,102.2 1,139.0 1,172.4 1,194.0 1,915.9 1, 961.8 1,993.4 1,218.9 1, 259.5 1,288.9 Durable goods, total 9 do Motor vehicles and parts do . Furniture and household equipment...do 132.9 53.9 58.0 158.9 71.9 63.9 179.8 83.8 70.5 122.8 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 63.9 166.3 75.7 66.5 177.0 85.3 67.4 178.6 84.5 69.3 177.6 81.2 70.9 186.0 84.2 74.3 183.2 85.0 71.4 Nondurable goods, t o t a l 9 . Clothing and shoes Food Gasoline and oil 409.3 70.2 209.5 39.1 442.7 76.3 225.5 41.4 480.7 83.0 246.2 44.7 394.0 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 41.2 458.8 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 46.3 503.9 85.4 259.3 47.2 438.2 64.2 150.8 32.2 492.3 73.0 167.9 36.8 550.7 82.9 184.4 41.6 419.7 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 37.0 513.9 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 6 191.4 43 8 594.8 91.9 196.4 45.9 .do... do do do Services total 9 Household operation Housing TransDortation _.do do ..do do - - Gross private domestic investment, total__.do 189.1 243.3 294.2 175.1 171.2 205.4 204.7 231.3 244.4 254.3 243.4 271.8 294.9 303.6 306.7 319.5 do do - do do 200.6 149.1 52.9 96.3 230.0 161.9 55.8 106.1 276.1 185.1 61.5 123.6 197.1 149.8 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 62.6 124.9 293 2 193.5 64 5 129.0 299.8 199.7 66.0 133.6 Residential do Change in business inventories do Nonfarm - - - - do Net exports of goods and services . . do Exports - - do Imports - - do 51.5 -11.5 —15.1 68. C 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 0 100.1 19.7 IS. 9 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 -24.6 180.3 204.8 338.9 123.3 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 0 416.6 153.8 99.5 263.9 1 540.3 do do 697.7 ..do __ 267.5 do 430.2 ..do 699.2 - - do 143.5 1 693 1 750.9 299.3 451.6 782.0 160 2 1 871 4 816.6 332 2 484.3 867 4 187 5 475.0 1,521.7 1,506. 6 1,604.4 1,636. 7 1,673. 7 1 705.8 1 756.3 1,797.0 1,848.2 792.1 805.4 692.9 725.2 730.0 743.4 754.5 665.8 706.6 775.6 329.5 294.9 326.6 250.6 263.8 272.5 283.1 287.6 302.7 312.0 415.2 475.9 429.1 434.2 442.1 442.4 448.5 465.6 451.8 463.6 855.3 670.5 689.5 833.7 7C8.4 728.3 751.6 770.8 791.8 813.8 171.2 187.5 139.3 155.0 145.0 138.8 159.4 159.6 150.8 166.9 1,892.2 819.9 332.1 487.8 881.6 190.7 -11.5 —9 2 —2.2 13.3 4 1 9.3 18.2 9 1 9 1 21.7 11.5 10.2 23.6 10.3 13.4 _bil.$__ 1,202.1 1,274.7 1,337.3 1,169.8 1,188.2 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 Fixed investment ... Nonresidential Structures Producers' durable equipment 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 gocds N o n d u r a b l e goods do do _ . . . do -22.0 —12.8 -9.2 -25.1 —11.7 -13.4 4.9 —2.1 7.0 -3.6 —10 3 6.7 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 1, 948. 2 1,973.7 849.6 844.1 340.9 339.5 508.1 515.0 898.8 929.8 200.4 199.8 13.5 6.8 6.8 19.7 14.3 5.5 GNP in constant (1972) dollars! Gross national product, totalf. Personal consumption expenditures, total..do Durable gocds Nondurable goods Services. . . .do do . . do . Gross private domestic investment, total.-.do 1,360. 2 1,358.8 775.1 821.3 861.2 756.9 770.4 780.2 792.8 807.2 815.5 822.7 839.8 850.4 854.1 860.4 879.8 877.5 112.7 307.6 354 8 127.5 321.6 372 2 138.2 333.7 389 2 106.2 301.8 349 0 109.0 3C8.4 353.0 115.4 3C8.6 356 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 7 136.9 329.7 383.8 137.9 330.0 386.3 136.5 332.4 391.4 141.6 342.7 395.5 137.1 337.7 402.8 141.6 173.0 195.5 133.0 130.9 153.1 149.2 168.1 175.2 179.4 169.2 186.7 197.2 200.8 197.5 203.5 Fixed investment Nonresidential Residential.Change in business inventories. do do do do 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 -18.0 150.2 111.0 39 3 2.9 153.8 111.3 42.6 -4.6 158.4 113.7 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 -1.8 177.0 124.3 52.7 9.7 184.0 126.4 57.6 13.2 185.1 127. 6 57.5 15.7 188.7 128.9 59.9 8.7 189.7 130.6 59.1 13.8 Net exports cf goods and services .do 22.5 16 0 9 5 20 5 24.5 22 7 22 3 16.8 16.4 17.0 13 8 10.6 9.4 12.2 5.9 3.4 274.0 103.3 170.7 277.0 104.2 172.8 274.4 101.7 172.6 Govt. purchases of gocds 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 'Revised, P Preliminary. tKevised series. Estimates of national income and product and personal income have been revised back to 1973 (see p. 16ff.of the July 1977 SURVEY); 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 revisions prior to May 1976 for personal income appear on p. 28 of the July 1977 SURVEY. 9 Includes data for items not shown separately. S-l SUEVEY S-2 Unless otherwise stated in footnotes below, data through 1974 and descriptive notes are as shown in the 1975 edition of BUSINESS STATISTICS 1976 1975 CUEEENT BUSINESS 1975 1977 II Annual total III May 1978 1976 IV I II 1977 III IV I 1978 II III IV l II ' GENERAL BUSINESS INDICATORS—Quarterly Series-—Continued NATIONAL INCOME AND PRODUCTf—Con. Quarterly Data Seasonally Adjusted Implicit price deflators:t 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 __ ResidentialGovt. purchases of goods and services Federal State and local do do do 127.18 126.5 117.9 133.1 123.5 133.88 133.2 124.7 137.7 132.3 141.29 140.6 130.1 144.0 141.5 125.96 125.4 117.2 131.8 122.3 128.28 127.5 118.4 134.5 124.5 130.17 129.2 120.1 135.5 126.8 131.47 130.8 122.2 136.2 129.2 133.06 132.3 123.8 136.9 131.1 134.56 134.0 125.3 138.3 133.2 136.35 135.6 127.2 139.3 135.4 138.13 137.9 129.3 141.5 137.8 140.52 139.8 129.5 143.8 140.1 142.19 141.7 130.0 144.9 142.9 144.23 143.2 131.3 145.9 145.0 146.71 146.1 133.6 149.2 147.7 132.4 132.3 132.8 139.8 138.7 142.5 150.3 146.0 160.3 131.8 131.8 131.7 133.5 133.6 133.2 135.5 135.5 135.4 136.9 136.8 137.1 138.6 137.8 140.7 140.6 139.2 144.1 142.9 140.9 147.5 145.8 142.5 153.7 148.5 144.4 157.6 151.3 146.9 160.9 155.3 150.1 164.0 158.0 152.9 166.9 128.9 127.5 129.7 136.7 134.8 137.7 145.7 143.4 147.1 127.8 126.3 128.6 129.7 127.7 130.9 132.3 131.5 132.7 134.0 132.4 134.9 135.7 133.7 136.8 137.2 134.7 138.6 139.8 138.2 140.7 142.3 140.6 143.4 144.6 142.0 146.2 146.3 143.3 148.1 149.4 147.6 150.5 151.9 150.1 152.9 Quarterly Data Seasonally Adjusted at Annual Rates National income, totalt - __bil. $ Compensation of employees, total Wages and salaries, total Govt. and govt. enterprises Other Supplements to wages and salaries do -do.--. do _do do 1,217.0 930.3 805.7 175.4 630.3 124.6 1,364.1 1,520.5 1,191.4 1,244.9 1,275.7 1,321.0 1,353.9 1,379.6 1,402.1 1,450.2 1,505.7 1,036.3 1,156.3 891.8 990.0 187.2 199.9 704.7 790.1 144.5 166.3 914.4 792.4 173.7 618.6 122.1 936.7 810.5 176.9 633.5 126.3 965.6 834.9 181.2 653.8 130.7 1,540.5 1,585.7 1,609.9 999.6 1,024.9 1,046.5 1,074.2 1,109.9 1,144.7 1,167.4 1,203.3 1, 243.5 861.5 882.4 900.2 923.2 951.3 980.9 998.9 1,029.1 1,058.4 182.7 185.4 188.2 192.5 194.8 197.2 200.6 206.9 209.9 678.8 697.0 712.0 730.7 783.6 798.3 822.2 756.4 848.5 138.1 142.5 146.3 150.9 163.8 168.5 174.3 158.6 185.1 Proprietors' income with inventory valuation and capital consumption adjustments, total bil. $ _ do Farm do Nonfarm Rental income of persons with capital consumption adjustment bil. $ 86.0 23.2 62.8 88.0 18.6 69.4 98.2 19.7 78.5 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 82.4 103.1 20.2 82.9 22.3 23.3 25.3 22.3 22.2 22.6 23.0 22.9 23.3 24.1 24.5 24.9 25.5 26.4 26.9 Corp. profits with inventory valuation and capital consumption adjustments, total bil. $-Corp. profits with invent, val. adj.: Domestic, total . do do Financial do Nonfinancial, total 9 -do.-Manufacturing, total 9 do . Durable goods Transportation, communication, and electric gas and sanitary serv bil. $ do Rest of the world 99.3 128.1 139.9 92.7 115.6 114.7 126.5 129.2 133.5 123.1 125.4 140.2 149.0 144.8 126.8 105.4 15.0 90.3 47.9 18.5 134.6 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 41.8 138.3 22.9 115.4 9.3 6.1 11.5 12.9 12.1 11.1 12.1 12.2 10.4 6.0 8.6 7.6 8.4 7.7 11.5 10.7 14.5 6.3 11.6 10.1 14.1 9.3 8.5 6.2 11.1 8.1 9.6 6.7 9.1 do .do.... do do 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 61.4 172.2 69.2 102.9 43.8 59.1 _do dr> do _ -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 -24.8 -20.6 109.6 Profits before tax, total Profits tax liability Profits after tax Dividends Undistributed profits . Inventory valuation adjustment Capital consumption adjustment Net interest DISPOSITION OF PERSONAL INCOMEt Personal income, total Less: Personal tax and nontax payments Equals: Disposable personal income Less: Personal outlays©... Equals: Personal saving! bil. $ do do .do do 1,253.4 169.0 1,084.4 1,004.2 80.2 1,382.7 1,536.7 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 1,603.0 1,638.8 142.5 173.9 179.9 184.8 192.6 200.6 209.5 236.7 234.7 196.9 227.5 224.8 226.1 224.4 1,185.8 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 1,368.3 1,402.1 1,119.9 1,241.9 989.1 1,019.1 1,048.6 1,080.9 1,103.8 1,128.5 1,166.3 1,201.0 1,223.9 1,250.5 1,292.2 1,315.9 65.9 67.3 103.1 76.7 75.5 72.4 70.3 64.8 56.3 51.4 68.5 73.3 76.1 86.2 NEW PLANT AND EQUIPMENT EXPENDITURES Unadjusted Quarterly or annual totals: All industries Manufacturing Durable goods industries'!! Nondurable gcods industries^ Nonrr anufacturing Mining Railroad Air transportation Other transportation Public utilities Electric Gas and other Communication Commercial and other Seas. adj. qtrly. totals at annual rates: All industries Manufacturing Durable goods industriesif Nondurable goods industriesif Nonm anufacturing Mining . . . Railroad Air transportation Other transportation Public utilities Electric Gas and other... Communication Commercial and other r 120.49 52.48 23.68 28.81 135.80 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 do do. do do. .do.. 64.82 3.79 2.55 1.84 3.18 68.01 4.00 2.52 1.30 3.63 75.64 4.50 2.80 1.62 2.51 16.28 16.12 17.44 14.91 .94 .62 .50 .97 .62 .43 .92 .49 .26 17.04 .97 .71 .47 16.93 1.04 19.14 1.05 16.68 1.02 19 21 1.17 20.87 1.15 18.84 1.26 .70 .35 18.88 1.16 .59 .33 .67 .43 .73 .89 .62 .77 .85 .93 .72 1.02 .95 .94 .61 .78 .39 .76 .46 21.08 1.32 .64 .26 .76 .50 .63 do do. ..do.. do .do.. 20.14 17.00 3.14 12.74 20.60 22.28 18.80 3.47 13.30 20.99 25.80 21.59 4.41 15.45 22.97 4.94 4.15 5.07 4.16 5.70 4.85 4.79 4.18 5.50 4.74 5.52 4.54 5.55 4.78 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 .99 .68 .42 .50 .49 .58 .79 .91 .85 .62 .76 .98 3.22 5.19 3.14 5.00 3.26 5.52 2.92 4.82 3.21 5.21 3.33 5.19 6.46 5.34 1.12 3.84 5.78 do.. do do do 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 54.44 25.50 28.93 130.16 56.43 26.30 30.13 134.24 59.46 27.26 32.19 140.38 63.02 29.23 33.79 do do do do do 63.68 3.78 2.70 1.60 2.75 64.76 3.82 2.75 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 16.41 3.11 12.50 20.83 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 do do do do ..do.... Revised. J» Preliminary. * Estimates (corrected for systematic biases) for Jan.Mar. 1978 and Apr.-June 1978 based on expected capital expenditures of business. Expected 2 expenditures for the year 1978 appear on p. 24 of the Mar. 1978 SURVEY. Includes communication. fSee corresponding note on p. S-l. 9 Includes data for items not shown separately. ©Personal outlays comprise personal consumption expenditures, interest paid 132.84 i 37.52 14.00 16.43 6.60 7.71 7.40 8.72 112.78 47.95 21.84 26.11 bil. $ . .do do .do .77 6.27 5.35 .92 7.21 6.06 1.15 2 9.60 2 10.46 138.11 • 146.25 1149.16 61.41 63.00 65.82 28.19 29.81 31.01 33.22 33.18 34.81 2 41. 21 2 41.94 by consumers to business, and personal transfer payments to foreigners (net). § Personal saving is excess of disposable income over personal outlays. "jfData for individual durable and nondurable goods industries components appear in the Mar., June, Sept., and Dec. issues of the SURVEY.