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SURVEY OF CURRENT BUSINESS

June 1975

NATIONAL INCOME AND PRODUCT TABLES
1973

1974

1975

1974

1973

I

IV

II

III

IV

1973
1973

I

1974

1974

IV

I

Seasonally adjusted at annual rates

1975

II

III

IV

I

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)
1,294.9 1,397.4 1,344.0 1,358.8 1,383.8 1,416.3 1,430.9 1,416.6

Gross private domestic investment.
Fixed investment
Nonresidential
Structures
Producers' durable equipment..
Residential structures
Nonfarm
Farm
Change in business inventories.
Nonfarm
Farm

821.2

845.7

830.5

827.1

823.1

804.0

780.0

876.7

823.9

840.6

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

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

194.0

Durable goods
Nondurable goods.
Services

839.2

805.2
130.3
338.0
336.9

Gross national product
Personal consumption expenditures..

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
.6

145.2
51.3
93.9
48.4
47.8
.7

149.4
52.2
97.2
48.8
48.0

150.9
51.0
99.9
46.2
45.4

151.2
53.7
97.5
40.4
39.7
.7

146.9
52.8
94.2
35.3
34.8
.5

94.4
25.4
69.0
32.9
32.6
.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

15.4
11.4
4.0

14.2
11.9
2.3

28.9
24.0
4.9

16.9
13.1
3.8

13.5
10.4
3.1

8.7
6.6
2.1

17.8
17.5
.3

-19.2
-17.8
-1.4

10.8
8.9
1.8

8.7
7.4
1.2

20.0
17.9
2.1

10.6
8.7
1.8

8.2
6.4
1.8

5.0
3.9
1.1

10.9
10.7
.2

-11.7
-10.9
-.8

3.9

Net exports of goods and services
Exports
Imports
Government purchases of goods «nd services

2.1

9.3

11.3

-1.5

-3.1

1.9

8.8

4.6

9.0

7.9

11.5

8.2

7.3

9.1

11.6

100.4
96.4

140.2
138.1

113.6
104.3

131.2
119.9

138.5
140.0

143.6
146.7

147.5
145.7

142.2
133.4

66.6
62.0

71.9
62.9

68.9
61.0

73.3
61.8

73.4
65.1

70.9
63.6

60.9

66.5
54.9

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

114.3
76.6
37.7
190.1

117.2
78.4
38.8
195.1

124.5
84.0
40.6
199.3

126.5
84.7
41.8
205.1

57.3

56.5

56.4

56.3

56.3

56.5

57.0

57.4

89.3

19.7

89.5

89.3

90.2

106.6
74.4
32.2
169.8

Federal
National defenseOther
State and local

116.9
78.7
38.2
192.3

108.4
75.3
33.1
177.9

111.5
75.8
35.7
184.8

87.0

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 1,416.6

839.2

821.2

845.7

830.5

827.1

823.1

804.0

780.0

Final sales
Change in business inventoriesGoods output.

1,279. 6 1,383.2 1,315.1 1,341.9 1,370.3 1,407.6 1,413.1 1,435. 8
14.2
28.9
16.9
13.5
8.7
15.4
17.8 -19.2
651.9
681.7
682.6
670.3
664.9
667.0
622.7
653.6

828.4
10.8

812.5

826.7
20.0

819.9
10.6

818.9
8.2

818.1
5.0

793.1
10.9

791.8
-11.7

465.1

449.1

448.9

446.0

427.1

408.3

445.1
20.0

438.5
10.6

440.8
8.2

441.0
5.0

416.3
10.9

420.1
-11.7

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

258. 7
250.2

248.9
244.2

253.6
244.2
9.4

245.8
244.4

239.2
239.6

240.8
244.0
-3.2

664.8
17.8

686.1
-19.2

448.3
10.8

246.6
248.5
—1.8

673. 0
8.7
265.5
259.8
5.7

264.5
246.2
18.3

239.5
252.9
-13.4

206.0
198.5
7.5

418.2
402.9

416.2
413.2

418.1
418.6

427.5
433.2
-5.7

253.1
249.9

15.4

3.0

-.5

579.2

597.8

614.5

139.7

136.7

133.9

Final sales
Change in business inventoriesDurable goods
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

250.3

256.9
249.2
7.7

255.4
240.6
14.8

251.0
242.3
8.7

Nondurable goods
Final sales
Change in business inventories.

372.4
366.5

413.4

398.2
384.1

401.0
392.8
8.2

Services

240.9

9.4

6.0

534.4

Structures.

137.8

406.9
6.5

590.3
136.8

14.1
553.2

459.1

569.7
137.1

137.2

8.7
442.8

434.1
8.7
195.9
191.0
4.9
246.9

243.1

128.8

3.3

3.8

8.5

4.7

304.5

310.9

307.8

310.7

75.5

620.9

67.5

72.8

70.7

69.8

1.4

-.4

310.7

313.7

66.4

308.3

63.2

312.2
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

1,416.3 1,430.9 1,416.6

839.2

821.2

845.7

830.5

827.1

823.1

804.0

780.0

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
51.3
53.8
56.5
64.4
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

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

41.3

47.0

43.0

44.6

46.5

48.0

48.8

50.0

18.5

18.9

18.7

19.1

18.8

18.9

18.8

18.9

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

63.9
21.1
42.8

64.2
21.0
43.2

64.8
21.0
43.7

65.2
21.0
44.3

8.4

11.9

8.9

14.7

9.7

11.1

12.0

7.2

5.2

4.3

5.0

7.0

3.0

3.3

4.0

2.3

1,146.5 1,236.6 1,190.7 1,202.5 1,225.0 1,254.7 1,264.4 1,246.4

776.9

757.1

782.8

767.0

763.2

758.8

739.2

714.8

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

JLHE STATISTICS here update series published in the 1973 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
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.
OF CURRENT BUSINESS.

1972

1973

1

the 1973 edition of BUSINESS STATISTICS

1972

1974

Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes areas shown in

I

Annual total

|

II

1973

| III

rv

I

II

1975

1974

III

IV

i

|

ii

III

| IV

I

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
Gross national product, totalf

bil.$..

Personal consumption expenditures, total..do

1,158.0
729.0

1,294.9
805.2

1,397.4
876.7

1,430.9 '1,416.6

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

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

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

124.9
46.8
57.9

Durable goods total 9
- do _
Automobiles and parts _
do_.
Furniture and household equipment..-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

Nondurable goods total 9
Clothing and shoes
Food and beverages
Gasoline and oil

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
do
Household operation
do
Housing
do
Transportation
.
do
Gross private domestic investment total 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

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

205.8

209.4

163.1

Fixed investment
do
Nonresidentlal
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

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
138.5
140.0

-3.1
143.6
146.7

1.9
147.5
145.7

'8.8
r 142. 2
' 133.4

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

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
585.8
237.8
347.9
516.0
137.1

1,267.2
600.9
241.2
359.7
528.3
138.0

1,341.9 1,370.3
651.3
635.0
248.5
242.3
392.8
402.9
569.7
579.2
137.1
139.7

1,407.6
673.0
259. 8
413.2
597.8
136.7

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

10.7
7.7
3.0

11.8
9.0
2.9

28.9
14.8
14.1

16.9
8.7
8.2

792.5

839.2

821.2

770.9

786.6

798.1

814.2

832.8

837.4

840.8

845.7
546.3

-

do
do .
do
- do

By major type of product:f
Final sales total
do
Goods total
do
Durable goods
...
do
Nondurable goods
do
Services
.
do
Structures
do
Change in business inventories
do
Durable goods
do
Nondurable goods
do
GNP in constant (1958) dollars!
Gross national product, totalf

bil.$..

Personal consumption expenditures, total..do
Durable goods
do
Nondurable goods
do ..
Services
do
Gross private domestic investment, total-.-do

527.3

552.1

539.5

512.8

523.2

531.2

542.2

552.9

553.7

1,297.0 1,315.1
618.0
624.7
240.6
243.9
374.2
384.1
540.2
553.2
138.8
137.2

555.4

1,413.1 r 1,435. 8
664.8
686.1
246.2
252.9
418.6
433.2
614.5
' 620. 9
133. 9
128.8

13.5
-1.8
15.4

8.7
5.7
3.0

17.8
18.3
-.5

-19.2
-13.4
-5.7

830.5

827.1

823.1

804.0

'780.0

539.7

542.7

547.2

528.2

531.5

107.8
225.8
213.7

92.8
221.4
214.1

95.2
222.5
213.7

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

106.8
223.6
212.2

125.0

138.1

126.7

119.4

123.2

126.6

130.9

134.4

136.3

135.8

145.8

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
5.0

109.6
89.2
20.4
10.9

101.0
83.8
17.3
-11.7

Fixed investment
Nonresidential
Residential structures
Change in business inventories

do
do
do
do

118.0
83 7
34.3
7.0

Net exports of goods and services

do

-3.0

127 3
94 4
32.9
10.8

118 0
94 0
24.0
8.7

4.6

9.0

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

128.4
94.3
34.1
7.8

127.7
95.1
32.6
8.0

125.8
96.0
29.8
20.0

-3.6

-1.4

-1.9

1.4

3.5

5.8

7.9

11.5

8.2

7.3

9.1

r H.6

Govt. purchases of goods and services, total, do
144.4
143.8
143.1
146.0
143.8
62.5
61.0
57 3
Federal
.
do ..
56 5
80.9
81.3
82.1
87.0
89.5
State and local
do
62.9
r
Revised.
v Preliminary.
f Revised series. Estimates of national income and product
and personal income have been revised back tc 1971 (see p. 11fl.of the July 1974 SURVEY);

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
89.4

146.3
57.0
89.3

147.7
57.4
90.2




-4.9

revisions prior to May 1973 for personal income appear on pp. 22-23 of the July 1974 SURVEY.
9 Includes data not shown separately.

s-1

SU1

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

I 1973

UUKJ
1972

1974

Annual total

i5u:SUNK

III

June 1975

1973
IV

I

ii

1974

in

IV

i

1975
III

II

IV

I

II

III

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT—Con.
Quarterly Data Seasonally Adjusted at Annual Rates

Implicit price deflators:t
Gross national product
Index, 1958=100.. 146.12
138.2
Personal consumption expenditures
do
Gross private domestic investment:
144.8
Fixed investment
do
139.6
Nonresidential
do
157.4
Residential structures
do
178.6
Govt. purchases of goods and services
do
National income, totalf
bil. $.. 946.5

152.61
144.3
151.4
143.9
172.1
189.9

155.67
147.0

158. 93
150.8

163.61
155.8

167.31
160.2

172.07
164.7

177.97
169.6

181.62
171 8

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

174.9
169.6
197.9
221.4

180 4
175 4
204.3
224.6

1,051.2 1,077.3 1,106.3

1,118.8

154.31
145.9

170.18
162.5

146. 50
138.7

147. 96
139.7

149. 95
141.4

152.4
144.9
174.0
191.5

165.3
158.7
191.4
211.8

145.6
140.2
158.9
179.9

146.9
140.5
162.8
183.6

148.7
141.7
167.1
186.7

1,065.6

1,142.5

954.3

987.0

1,027.6

707.1

786.0

855.8

712.6

732.9

759.1

776.7

793.3

814.8

828.8

848.3

868.2

877.7

875.6

626.8
Wages and salaries, total
do
491.4
Private
do
20.5
Military
do
114.8
Government civilian
do
80.3
Supplements to wages and salaries
do
75.9
Proprietors' income, total 9
do
54.9
Business and professional 9
do
21.0
Farm
do
25.9
Rental income of persons
do
Corporate profits and Inventory valuation adjustment, total
bil. $.. 92.2
By broad industry groups:
17.6
Financial institutions
do
Nonflnancial corporations, total
do. .. 74.5
40.8
Manufacturing, total
do
19.0
Nondurable goods industries
do
21.8
Durable goods industries
do
Transportation, communication, and public
9.2
utilities
bil. $ .
24.6
All other industries
do
99.2
Corporate profits before tax, total
do._
Corporate profits tax liability
do.. . 41.5
57.7
Corporate profits after tax
do
27.3
Dividends
.
.
do
30.3
Undistributed profits
do
-7.0
Inventory valuation adjustment
do
45.6
Net interest
do

691.6
545.1
20.6
126.0
94.4

750.7
592.4
21.2
137.1
105.1

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

744.6
588.3
20.9
135.4
103.7

761.5
602.5
20.8
138.2
106.7

769.2
605.1
22.0
142.1
108.6

765.1
597 4
22 0
145.7
110.5

96.1
57.6
38.5
26.1

93.0
61.2
31.8
26.5

75.8
55.5
20.3
26.8

80.1
56.1
24.0
26.7

89.1
67.0
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

105.1

105.6

92.9

99.8

103.9

105.0

105.2

106.4

107.7

105.6

105.8

103.4

'94 3

19.6
85.5
47.6
21.5
26.1

20.8
84.9
47.0
30.0
17.0

17.8
75.1
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

'20.7
' 73 6
41 1
27.3
13.8

9.2
28.7

7.8
30.1

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

6.8
25.7

122.7
49.8
72.9
29.6
43.3

140.7
55.7
85.0
32.7
52.4

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
52.0
79.5
33.3
46.2

'101.2
'39.0
'62.3
33.8
'28.5

-17.6
52.3

-35.1
61.6

-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
65.9

-7.0
68.9

1 055 0 1,150.5
170.8
151.3
979 7
903 7
902.7
829 4
77.0
74.4

950.3
143.1
807.2
757.9
49.3

985.0
147.0
838.1
779.2
58.9

1,013.6
144.1
869.5
804.2
65.3

1,039.2
147.2
892.1
822.5
69.6

1,068.0
154.2
913.9
840.7
73.2

1,099.3 1 112 5 1 134 6 1 168 2 1 186 9 1 193 4
159.9
168.2
175.1
178.0
161.9
178.1
939 4
993 1 1 008 8 1 015 5
950 6
966 5
850.1
927 6
939.5
922 3
866 2
894 9
89.3
75.9
65.5
84.4
71.5
86.5

Compensation of employees, total

do

1,130.2 1,155.5

1,165 4 1 150 7

DISPOSITION O F PERSONAL I N C O M E f
Quarterly Data Seasonally Adjusted at Annual

Rates

Personal income total

bil $

Less: Personal tax and nontax payments

do

Tjpss" Personal ontlavsffi
Eonals' Personal savincrS

do
do

944 9
142.4
802 5
749 9
52.6

NEW PLANT AND E Q U I P M E N T
EXPENDITURES

Unadjusted quarterly or annual totals:
All industries
Manufacturing
_

' 25.82 ' i 28.63 » 28.12
r 10. 84
11.87
12.02
'5.10
' 5.42
5.36
'5.74
'6.46
6.66

88 44
31.35
15.64
15.72

99.74
38.01
19.25
18.76

112.40
46.01
22.62
23.39

21.86
7.74
3.86
3.87

25.20
9.38
4.77
4.61

21.60
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

57.09

61.73

66.39

14.12

15.83

13.69

15.57

15.42

17.05

14.61

16.89

16.61

18.29

16.10

2.42
1.80
2.46
1.46

2.74
1.96
2.41
1.66

3.18
2.54
2.00
2.12

.69
.38
.61

.63
.47
.63

.63
.46
.62

.71
.46
.72

.69
.48
.57

.71
.56
.60

.68
.50
.47

.78
.64
.61

.80
.64
.43

.91
.78
.48

.35

.40

.32

.43

.44

.47

.34

.49

.58

.94
.67
.49
.64

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

4.39
3.67

4.74
4.01

3.95
3.45

4.59
3.91

4.82
4.04

5.36
4.54

4.38
3.85

5.30
4.56

5.20
4.42

5.67
4.80

2.84
4.97

3.39
6.67

2.87
4.94

3.27
5.40

3.19
5.24

3.53
5.83

3.19
5.05

3.60
5.46

3.39
5.57

3.78
5.97

do
do
do
do

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

do

66.70

68.30

60.68

61.18

62.09

63.12

64.31

66.08

66.94

68.14

'65.52

' 65. 74

65.10

Mining
Railroad
Air transportation

do
do
do

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

'3.76
'2.39
'2.09
'2.82

'3.66
'3.04
'1.83
'2.44

3.82
2.97
2.09
2.51

Public utilities
Electric
Gas and other
Communication
Commercial and other.. .

do
do
.do
do
do

17.01
14.62
2.38
11 56
20.16

17.53
14.67
2.86

Durable goods industries !_

Nondurable goods industries 1
Nonmanufacturlng .

bil $
- do.

... - ao.

do
do

Mining. _
Railroad
Air transportation
Other transportation

do
.

Public utilities
Electric.

Gas and other
Communication
Commercial and other

Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing
Durable goods industries ^
Nondurable goods industries j . _
Nonmanufacturlntr

.

. do
do
d o

do
do

do
do
do

.72

.73

19 fi3

20.21

' Revised.
v Preliminary.
i Estimates (corrected for systematic biases) for Apr.June and July-Sept. 1975 based on expected capital expenditures of business. Expected
2
expenditures for the year 1975 appear on p. 17 of the June 1975 SURVEY.
includes
communication.
f See corresponding note on p. S-l.
9 Includes inventory valuation




.50

.68

.77

.82

.52

.75

.78

' 14. 98 ' 16. 76
'.94
' .91
'.59
'.81
'.44
'.54
.71
'.62
'.63

.87

'4.42
'3.84
'.58
3.11
'4.88 '

116.22 ' 114.57
48.08 ' 49. 05
23.28 ' 22. 86
24.80 ' 26. 20

'5.13
'4.38
'.75

5.21
4.36

2 8. 72

2 8.16

.85

'U13.39 i113.87
'47.64
48.77
' 21.85
21.81
' 25.80
26.96

18.38
20.37
20.12
20.16
19.80
20.93 ' 20. 28 ' 20. 27
18.58
20.97
18.08
15.40
15.55
16.00
16.72
17.12
18.10
17.47
17.76 ' 17. 03 ' 17.34
17.36
2.98
2.52
2.68
2.58
3.08
3.00
2.87
3.17
'3.25
'2.93
3.01
12 34
12 70
14 01
IO OQ
io -in
1 3 94
14 04
22^84
22.04 ' 20. 82 ' 234. 50 2 33. 34
2L55
21.36
21.' 53
21.63
21.35
21.69
adjustment.
© 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 the
Mar., June, Sept., and Dec. issues of the SURVEY.

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