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NATIONAL INCOME AND PRODUCT TABLES 1977 1976 i 1977 ii 1978 in rv I 1977 II* 1976 1977 I Seasonally adjusted at annual rates II 1978 III IV I II p 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) Gross national product 700.1 ,887.2 ,806.8 ,867.0 ,916.8 ,958.1 ,992.0 2,076.9 271.0 ,332.7 ,306.7 325.5 ,343.9 1,354.5 090.2 ,206.5 ,167.7 ,188.6 ,214.5 ,255.2 ,276.7 ,324.0 819.4 857.7 846.6 849.5 858.0 876.6 873.5 886.5 156.6 442.6 491.0 178.4 479.0 549.2 173.2 465.9 528.6 175.6 473.6 539.4 177.4 479.7 557.5 187.2 496.9 571.1 183.5 501.4 591.8 197.3 518.6 608.1 125.9 320.2 373.2 137.8 330.4 389.5 134.9 327.1 384.6 136.2 327.2 386.0 136.9 329.2 391.8 143.0 338.1 395.6 137.8 333.3 402.4 145.4 335.4 405.7 243.0 297.8 272.5 295.6 309.7 313.5 322.7 342.2 173.4 196.3 186.1 197.1 201.7 200.3 205.7 211.8 232.8 282.3 262.2 278.6 287.8 300.5 306.0 321.5 166.8 187.4 180.3 187.1 189.5 192.8 193.4 198.7 Nonresidential Structures. Producers' durable equipment- 164.6 57.3 107.3 190.4 63.9 126.5 180.6 59.3 121.4 187.2 63.4 123.8 193.5 65.4 128.1 200.3 67.4 132.8 205.6 68.5 137.1 216.7 74.2 142.5 118.9 38.3 80.6 129.8 40.0 89.8 126.8 38.3 88.5 129.1 40.0 89.0 130.8 40.8 90.0 132.5 41.0 91.5 133.8 41.0 92.9 138.6 43.6 95.0 Residential Nonfarm structures. Farm structures .-.. Producers' durable equipment.. 68.2 65.8 1.1 1.3 91.9 88.9 1.5 1.5 81.6 78.6 1.6 1.4 91.4 88.4 1.6 1.4 100.2 97.5 1.2 1.6 100.3 97.3 1.3 1.7 104.8 101.7 1.4 1.8 47.8 46.0 .7 1.1 57.7 55.6 .9 1.2 53.5 51.4 1.0 1.1 58.0 55.9 1.0 1.1 58.8 56.6 1.0 1.2 60.3 58.4 .7 1.2 59.5 57.4 .8 1.3 60.1 57.9 .8 1.3 10.2 12.2 -2.0 15.6 15.0 .6 10.3 11.1 -.8 17.0 16.5 .5 94.3 91.2 1.6 1.5 21.9 22.0 -.1 13.1 10.4 2.7 16.7 16.9 -.2 20.7 22.7 -2.0 6.7 8.5 -1.9 8.9 9.4 -.5 5.8 7.4 -1.6 10.0 10.2 -.2 12.2 13.5 -1.4 7.5 6.5 .9 12.3 12.5 -.1 13.1 14.3 -1.2 -5.9 -7.0 -23.2 -24.1 -13.9 15.4 9.5 11.2 11.0 12.5 3.1 2.9 7.8 181.7 205.8 199.4 213.3 95.9 80.5 98.2 88.7 97.1 85.9 98.9 87.9 100.8 88.2 96.0 92.9 99.1 96.2 105.7 97.9 Personal consumption expenditures.. Durable goods Nondurable goods.. Services Gross private domestic investment. Fixed investment 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 ,354.2 1,378.6 7.4 -11.1 -8.5 163.2 155.7 175.5 186.6 170.9 179.4 178.1 184.0 180.8 187.8 172.1 195.2 359.5 394.0 375.0 388.8 399.5 412.5 416.7 424.6 262.8 269.2 262.8 267.9 271.7 274.5 272.1 272.4 129.9 86.8 43.1 229.6 145.1 94.3 50.8 248.9 138.3 91.9 46.4 236.7 142.9 93.7 49.3 245.9 146.8 94.4 52.4 252.7 152.2 97.1 55.1 260.3 151.5 97.9 53.6 265.2 147.4 98.9 48.5 277.2 96.6 101.6 98.7 101.3 102.9 103.6 101.2 97.3 166.2 167.6 164.1 166.6 168.8 170.9 170.8 175.1 Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5) Gross national product- 1,700.1 1,887.2 1,806.8 1,867.0 1,916.8 1,958.1 1,992.0 2,076.9 1,271.0 1,332.7 1,306.7 1,325.5 1,343.9 1,354.5 1,354.2 1,378.6 Final sales. Change in business inventories. Goods- 1,689.9 1,871.6 1,796.5 1,850.0 1,894.9 1,945.0 1,975.3 2,056.2 1, 264.4 1,323.8 1,300.9 1,315.5 1,331.7 1,347.1 1,341.8 1,365.4 10.2 12.2 13.1 7.5 12.3 10.3 17.0 10.0 15.6 13.1 16.7 20.7 21.9 6.7 8.9 5.8 Final sales Change in business inventories. Durable goods.Final sales... Change in business inventories. Nondurable goods Final sales... Change in business inventories. Services... Structures. 760.3 832.6 800.2 825.8 844.7 859.6 861.8 907.1 576.5 608.4 596.0 604.4 613.3 620.1 611.8 625.1 750.1 10.2 817.0 15.6 789.9 10.3 808.8 17.0 822.8 21.9 846.5 13.1 845.1 16.7 886.4 20.7 569.8 6.7 599.6 8.9 590.1 5.8 594.3 10.0 601.1 12.2 612.7 7.5 599.4 12.3 612.0 13.1 304.6 299.3 5.3 341.3 332.9 8.4 332.2 326.1 6.1 339.1 330.0 9.1 346.5 334.6 11.9 347.4 341.1 6.3 351.2 336.3 14.8 372.1 361.0 11.2 236.2 232.5 3.6 253.7 248.0 5.8 250.9 246.5 4.4 253.0 246.9 6.1 255.9 248.0 7.9 255.1 250.5 4.6 254.6 245.0 9.6 264.8 258.0 6.8 455.7 450.7 4.9 491.3 484.1 7.2 468.0 463.8 4.2 486.7 478.8 7.9 498.2 488.2 10.0 512.2 505.4 6.8 510.6 508.7 1.9 534.9 525.4 9.5 340.3 337.3 3.0 354.7 351.6 3.1 345.0 343.6 1.4 351.3 347.5 3.9 357.4 353.1 4.3 365.0 362.1 2.9 357.2 354.5 2.7 360.3 353.9 6.4 778.0 161.9 862.8 191.8 832.3 174.3 850.0 191.3 875.3 196.8 893.6 204.9 926.4 203.8 949.2 220.6 583.0 111.6 602.9 121.3 596.3 114.5 598.8 122.3 606.9 123.7 609.6 124.8 620.6 122.3 624.3 129.1 Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8) Gross national productGross domestic product Business Nonfarm Nonfarm less housing.. Housing Farm _ Statistical discrepancy... Residual* Households and institutions. Government Federal State and local. Rest of the world. 1,700.1 1,887.2 1,806.8 1,867.0 1,916.8 1,958.1 1,992.0 2,076.9 1,271.0 1,332.7 1,306.7 1,325.5 1,343.9 1,354.5 1,354.2 1,378.6 1,685^7 1,869.9 1,789.7 1,849.0 1,898.7 1,942.2 1,973.8 2,058.6 1,264.3 1,325.3 1,299.4 1,317.7 1,336.3 1,347.9 1,346.6 1,371.1 1,436.7 1,599.3 1.527.8 1,582.5 1,626.4 1, 660. 4 1,684.1 1,764.0 1,077.9 1,135.9 1,112.1 1,129.6 1,146.1 1,155.9 1,153.5 1,177.1 1,385.6 1,544.0 1.474.9 1,528.0 1,571.6 1,601.6 1,628.9 1,040.1 1,094.2 1,072.7 1,088.9 1,102.6 1,112.4 1,115.4 1,141.2 1,255.0 1,397.8 1,335.2 1,384.0 1,423.2 1,449.0 1,471.7 998.1 1,022.6 996.4 961.7 976.1 980.5 932.6 114.6 130.6 117.4 161.8 139.7 118.6 116.0 111.0 112.8 157.1 113.6 148.4 146.2 144.1 107.5 152.7 34.5 32.5 46.9 56.4 49.5 30.3 32.9 34.1 36.1 34.4 53.0 32.2 47.7 50.5 50.8 54.0 4.2 3.4 2.2 7.1 4.7 3.7 4.8 25.5 9.0 7.4 5.5 6.4 6.6 7.3 5.6 44.4 42.2 42.5 43.6 43.8 41.2 41.7 56.5 61.3 70.4 62.7 60.0 63.5 65.9 68.8 40.7 192.5 62.4 130.1 208.0 66.4 141.5 201.9 65.2 136.8 205.2 65.4 139.8 208.9 65.7 143.2 215.9 69.5 146.4 221.0 69.9 151.1 224.1 70.0 154.1 145.6 48.5 97.1 147.2 48.7 98.4 146.1 48.6 97.5 146.3 48.7 97.6 147.7 48.8 99.0 14.4 17.3 17.1 18.0 18.1 15.9 18.2 18.3 6.8 7.3 7.4 7.8 7.6 148.4 48.8 99.6 6.6 149.4 48.8 100.6 149.5 48.8 100.7 7.5 7.5 Preliminary HISTORICAL STATISTICS The national income and product data for 1929-72 are in The Documents; see addresses inside front cover). Data for 1973 and 1974-77 are in the July 1976 and July 1978 issues of the SURVEY, Statistical Tables (available for $4.95, SN 003-010-00052-9, from respectively. Commerce Department District Offices or the Supertendent of National Income and Product Accounts of the United States, 1929-74: 15 1.—Gross National Product, Net National Product, and National Income Table 1.1.—Gross National Product 1974 1975 1976 1974 1977 1975 IV II Gross national product .. Durable goods Nondurable goods Services Gross private domestic investment Fixed investment .. Nonresidential Structures _ Producers' durable equipment. Residential Nonfarm structures Farm structures Producers' durable equipment Change in business inventories Nonfarm Farm 1,412,889 1,528,833 1,700,124 1,887,177 IV II III IV II III IV 452.4 1,454.7 1,498.6 ,564.0,1, 598.0 1,649.7 ,685.4 1,715.6 1,749.8 1,806.8 1,867.0 1,916.8 1,958.1 889,603 979,070 1,090,244 1,206,507 916.2 935.7 964.9 994.0 1, 021.6 1,053.8 ,075.1 1,098.4 1,133.7 1,167.7 1,188.6 122,001 376, 291 391,311 132, 639 408, 906 437,525 156, 622 442, 624 490, 998 178,353 478, 999 549,155 118.7 388.5 408.9 122.7 393.7 419.3 128.1 405.5 431.3 136.3 415.0 442.7 214,589 190,919 242,982 297,838 210.4 177.7 175.2 206.8: 203.9 205,663 201,636 232,793 282,267 203.6 198.0 197.5 202.3! 208.8 150, 612 54,456 96,156 150,168 53,783 96,385 164, 621 57,315 107,306 190,388 63,866 126,522 153.2 55.6 97.5 150.8 53.6 97.2 148.8 52.9 95.9 149.7 54.0 95.7 55,051 52, 722 1,158 1,171 51, 468 49,478 930 1,060 68,172 65, 788 1,062 1,322 91, 879 88,922 1,487 1,470 50.5 48.1 1.3 1.1 47.2 45.7 .5 1.0 48.7 47.1 .6 1.0 8,926 -10,717 10,189 15, 571 10, 763 -14,259 3,542 -1,837 12,237 -2,048 14, 992 579 6,040 Net exports of goods and services III 1977 Billions of dollars, seasonally adjusted at annual rates Millions of dollars Personal consumption expenditures 1976 152.2 430.3 471.3 214. 5 1,255.2 156.7 444.5 497.2 162.8 458.3 512.6 173.2 465.9 528.6 175.6 473.6 539.4 177.4 479.7 557.5 231.5 154.7 437.4 483.0 243.5 249.9 247.1 272.5 295.6 309.7 313.5 220.1 228.1 235.3 247.6 262.2 278.6 287.8 300.5 151.5 54.7 96.8 157.7 56.4 101.3 162.2 57.6 104.6 168.1 57.3 110.8 170.5 57.9 112.6 180.6 59.3 121.4 187.2 63.4 123.8 193.5 65.4 128.1 200.3 67.4 132.8 52.6 50.4 1.1 1.1 57.3 54.7 1.5 1.2 62.4 59.8 1.3 1.3 65.9 63.8 .8 1.3 67.3 65.1 .8 1.3 77.1 74.4 1.4 1.4 81.6 78.6 1.6 1.4 91.4 88.4 1.6 1.4 94.3 91.2 1.6 1.5 100.2 97.5 1.2 1.6 6.8 -20.2 -22.3 4.6 -4.9 11.4 15.4 14.5 10.3 17.0 21.9 13.1 10.7 -24.2 -24.9 2.6 -3.8 4.0 1.1 3.5 -9.0 4.1 12.7 -1.3 18.8 -3.5 15.2 -.7 2.2 -2.7 16.5 .5 22.0 -.1 10.4 2.7 -5.9 -7.0 178.1 184.0 180.8 187.8 172.1 195.2 143.5 421.4 456.7 20,403 7,444 - 1 1 , 1 4 3 8.2 15.5 24.3 20.9 20.9 10.4 9.7 6.9 2.8 11.1 -.8 -8.5 150.5 142.3 147.4 131.9 142.6 118.3 147.0 126.1 152.2 131.2 154.4 144.1 160.7 150.9 168.2 161.3 169. 166.6 170.9 179.4 187.2 496.9 571.1 -23.2 Exports 137,921 131, 881 147, 267 126, 864 163,178 155, 734 175, 472 186, 615 Imports 302,657 338,441 359,454 393,975 317.6 325.8 334.2 342.2 351.5 354.0 357.2 360.4 366.3 375.0 399.5 412.5 111, 121 123,058 129, 851 145,063 116.9 119.4 121.4 123.6 127.9 127.1 127.8 129.9 134.6 138.3 142.9 146.8 152.2 76,999 34,122 83,699 39,359 86, 759 43,092 94, 288 50, 775 79.6 37.2 81.4 38.0 82.8 38.5 84.2 39.4 86.4 41.5 85.9 41.2 85.6 42.2 86.5 43.4 89.1 45.5 91.9 46.4 93.7 49.3 94.4 52.4 97.1 55.1 191,536 215,383 229, 603 248, 912 200.7 206.4 212.8 218.7 223.6 229.4 230.5 231.7 236.7 245.9 252.7 260.3 Government purchases of goods and services.. Federal National defense Nondefense State and local 226.! Table 1.2.—Gross National Product in Constant Dollars [Billions of 1972 dollars] 1974 1974 1975 1976 1977 III IV 1977 1976 1975 II IV III II IV III IV Seasonally adjusted at annual rates Gross national product Personal consumption expenditures Durable goods Nondurable goods Services Gross private domestic investment Fixed investment Nonresidential Structures Producers' durable equipment Residential Nonfarm structures Farm structures Producers' durable equipment Change in business inventories Nonfarm Farm Net exports of goods and services Exports Imports Government purchases of goods and services Federal State and local 26 ,217.8 1,202.3 1,271.0 1,332.7 1,199.7 1,171.6 1,189.9 1,220.0 1,227.9 1,255.5 1,268.0 1,276.5 1,284.0 1,306.7 1,325.5 1,343.9 858.0 849.5 836.2 846.6 774.6 806.3 814.0 820.9 857.7 757.2 770.2 779.7 791.1 760.7 819.4 752.9 1,354.5 876.6 112. 5 303.9 344.3 112.7 306.6 355.3 125.9 320.2 373.2 137.8 330.4 389.5 104.3 301.2 347.4 106.4 302.0 348.8 109.4 307. 5 353.4 115. 2 307.5 357.0 119.7 309. 5 361.9 124.8 314.6 366.9 125.2 318.2 370.6 125.3 320. 5 375.1 128. 5 327.7 380.0 134.9 327.1 384.6 136.2 327.2 386.0 136.9 329.2 391.8 143.0 338.1 395.6 183.6 142.6 173.4 196.3 170.6 134.6 133.3 153.7 148.9 168.5 174.7 177.1 173.4 186.1 197.1 201.7 200.3 180.3 187.1 189.5 192.8 130.8 40.8 90.0 132.5 41.0 91.5 175.6 152.4 166.8 187.4 163.8 154.0 149.9 151.5 154.1 161.0 164.6 167.8 173.6 130.6 42.5 88.1 113.6 37.1 76.5 118.9 38.3 80.6 129.8 40.0 89.8 124.1 40.1 84.0 117.7 37.6 80.1 112.9 36.6 76.3 112.0 37.0 75.0 111.8 37.2 74.6 115. 5 38.3 77.2 117.8 38.5 79.3 121.0 38.3 82.7 121.4 38.3 83.1 126.8 38.3 88.5 129.1 40.0 89.0 45.0 43.0 .9 1.1 38.8 37.2 .7 .9 47.8 46.0 .7 1.1 57.7 55.6 .9 1.2 39.7 37.8 1.0 1.0 36.3 35.0 .4 .8 37.0 35.6 .5 .9 39.5 37.8 .8 .9 42.3 40.2 1.1 1.0 45.5 43.5 1.0 1.1 46.8 45.2 .6 1.0 46.8 45.2 .6 1.1 52.3 50.2 .9 1.1 53.5 51.4 1.0 1.1 58.0 55.9 1.0 1.1 58.8 56.6 1.0 1.2 60.3 58.4 .7 1.2 8.0 8.3 -.3 -9.8 -11.0 1.2 6.7 8.5 -1.9 8.9 9.4 6.8 7.3 -.5 -19.4 -20.7 1.3 -16.7 -17.5 .8 2.1 .7 1.4 -5.2 -6.5 1.3 7.5 8.7 -1.2 10.1 13.1 -3.0 9.3 10.0 -.7 -.2 2.4 -2.6 5.8 '7.4 -1.6 10.0 10.2 -.2 12.2 13.5 -1.4 7.5 6.5 .9 15.9 22.6 15.4 9.5 17.9 20.5 24.7 22.8 22.2 16.5 16.1 16.1 13.1 11.2 11.0 12.5 3.1 100.8 88.2 96.0 92.9 93.0 77.1 90.0 67.5 95.9 80.5 98.2 88.7 94.1 76.2 89.6 69.1 87.4 62.7 90.1 67.3 93.0 70.8 93.2 76.7 95 2 79! 2 98.0 81.9 97.3 84.2 97.1 85.9 98.9 87.9 257.7 262.6 262.8 269.2 258.3 259.3 261.6 263.8 265.7 264.3 263.2 262.5 261.3 262.8 267.9 271.7 274.5 101.3 166.6 102.9 168.8 103.6 170.9 95.8 161.8 96.5 166.1 96.6 166.2 101.6 167.6 95.7 162.6 95.9 163.4 96.2 165.4 96.7 167.2 97.3 168.4 96.2 168.1 95.9 167.3 96.8 165.7 97.5 163.8 98.7 164.1 CURRENT BUSINESS STATISTICS A 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 $6.80) provides a description of each series, references to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1971 through 1974 (1964-74 for major quarterly series), annually, 1947-74; for selected series, monthly or quarterly, 1947-74 (where available). Series added or significantly revised after the 1975 BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively. Unless otherwise noted, revised monthly data for periods not shown herein corresponding to revised annual data are available upon request. The sources of the data are given in the 1975 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and are also listed alphabetically on pages 187-88. Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided through the courtesy of the compilers, and are subject to their copyrights. OF CURRENT BUSINESS. 1976 1975 1977 Unless otherwise stated in footnotes below, data through 1974 and descriptive notes are as shown in 1975 II the 1975 edition of BUSINESS STATISTICS III IV I II 1978 1977 1976 III IV I II III I IV II Annual total Seasonally adjusted quarterly totals at annual rates GENERAL BUSINESS INDICATORS—Quarterly Series NATIONAL INCOME AND PRODUCT! Gross national product, total t .bil.$_. 1,528.8 1,700.1 1,887.2 ,498.6 ,564.0 1,598.0 ,649.7 1,685. 4 1, 715.6 1,749.8 ,806.8 ,867.0 ,916.8 ,958.1 ,992.0 2,076.9 Personal consumption expenditures, total..do 979.1 1,090.2 1, 206.5 964.9 994.0 1,021.6 , 053. 8 1,075.1 1,098.4 1,133.7 , 167.7 , 188.6 , 214.5 , 255.2 ,276.7 1,324.0 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 6 53 4 58.0 156 6 69 7 63.9 178 4 81 5 71.3 128 1 49.6 57.5 136 3 55 9 58.7 143.5 60.6 60.8 152 2 67 7 61.9 154 7 69 1 63.0 156 7 69.5 64.2 162.8 72.6 66.5 173 2 81.3 68.0 175.6 81.2 69.9 177.4 79.5 72.0 187.2 84.0 75.3 183.5 84.1 72.1 197.3 92.4 76.1 408.9 70.1 209.6 39 5 442.6 75.7 225.8 42 8 479.0 81.5 245.2 46 5 405.5 69.9 208.0 39 1 415.0 71.5 212.4 40 0 421.4 72.2 216.6 40.5 430.3 73.8 219.4 41 4 437.4 74.2 223.9 41 9 444.5 76.1 227.4 43 0 458.3 78.5 232. 3 45.1 465.9 78.5 237.5 46.1 473.6 79.3 244.5 46.2 479.7 81.4 246.4 46.0 496.9 86.7 252.6 47.5 501.4 82.9 257.7 48.3 518.6 87.8 266.2 49.3 437.5 64.5 150 2 32 6 491.0 72.8 166 4 37 9 549.2 81.6 184 6 44 2 431.3 64.2 148.0 31 9 442.7 65.8 151 5 32 7 456.7 66.7 156.3 34 0 471.3 69.3 160 2 36 0 483.0 70.2 164.7 37 0 497.2 73.5 168.2 38 7 512.6 78.2 172.3 39 8 528.6 80.2 177.3 40 8 539.4 78.0 182.1 43.5 557.5 83.7 186.9 45.0 571.1 84.6 192.0 47.3 591.8 89.6 198.1 49.7 608.1 90.3 204.2 52.2 190.9 243.0 297.8 175.2 206.8 203.9 231.5 243.5 249.9 247.1 272.5 295.6 309.7 313.5 322.7 342.2 321.5 216.7 74.2 142.5 Services, total 9 -do Houshold operation do Housing _. do Transportation do Gross private domestic investment, total....do Fixed investment Nonresident ial .. Structures . Producers' durable equipment Residential ... Change in business inventories Nonfarm do do do do do .do 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: t 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 (1972) dollars t Gross national product, totalf. bil.$.. 201.6 150.2 53 8 96 4 232.8 164.6 57 3 107 3 282.3 190.4 63 9 126 5 197.5 148.8 52.9 95.9 202.3 149.7 54 0 95.7 208.8 151.5 54.7 96.8 220.1 157.7 56.4 101.3 228.1 162.2 57.6 104.6 235.3 168.1 57.3 110.8 247.6 170.5 57.9 112.6 262.2 180.6 59.3 121.4 278.6 187.2 63.4 123.8 287.8 193.5 65.4 128.1 300.5 200.3 67.4 132.8 306.0 205.6 68.5 137.1 51 5 -10.7 — 14 3 68 2 10.2 12 2 91 9 15.6 15 0 48 7 -22.3 -24.9 52 6 4.6 1.1 57.3 -4.9 -9.0 62 4 11.4 12.7 65 9 15.4 18.8 67.3 14.5 15.2 77.1 -.6 2.2 81.6 10.3 11.1 91.4 17.0 16.5 94.3 21.9 22.0 100.2 13.1 10.4 100.3 16.7 16.9 104.8 20.7 22.7 20.4 147 3 126.9 74 163 8 155 7 — 11.1 175 5 186 6 24.3 142 6 118.3 20.9 147 0 126.1 20.9 152.2 131.2 10.4 154 4 144.1 9.7 160 7 150.9 6.9 168.2 161.3 2.8 169.4 166.6 -8.5 170.9 179.4 -5.9 178.1 184.0 -7.0 180.8 187.8 -23.2 172.1 195.2 -24.1 181.7 205.8 -13.9 199.4 213.3 338.4 123.1 83.7 215 4 359.5 129 9 86 8 229 6 394.0 145 1 94 3 248 9 334.2 121.4 82.8 212 8 342.2 123 6 84.2 218 7 351.5 127.9 86.4 223.6 354.0 127.1 85.9 226 9 357. 2 127.8 85.6 229.4 360.4 129.9 86.5 230.5 366.3 134.6 89.1 231.7 375.0 138.3 91.9 236.7 388.8 142.9 93.7 245.9 399.5 146.8 94.4 252.7 412.5 152.2 97.1 260.3 416.7 151.5 97.9 265.2 424.6 147.4 98.9 277.2 1,539. 6 686 6 259.0 427.5 697.6 144 7 -10.7 —8.9 -1.8 1, 202. 3 2 1, 689. 9 1,871.6 1, 520.9 1,559. 4 1, 602.9 1, 638.3 1, 670.1 1, 701.0 1, 750.4 1, 796.5 1,850.0 1,894. 9 1,945.0 1,975. 3 2,056. 907.1 861.8 859.6 844.7 825.8 800.2 772.9 718.6 741.9 758.0 768.1 832 6 670 2 711 4 760 3 347.4 351.2 372.1 346.5 339.1 332.2 312.4 315.6 254.1 288.6 273.7 301.8 269 9 304 6 341 3 510.6 534.9 512.2 498.2 486.7 468.0 457. 3 456.2 455.7 453.4 444.9 416.1 455.7 491.3 441.5 926.4 949.2 893.6 875.3 850.0 832.3 808.1 726.4 749.7 766.9 688.6 862. 8 778.0 706 1 787.1 196.8 204.9 203.8 220.6 191.3 174.3 160.3 168.7 160.5 153.0 158.1 146 5 161 9 191 8 139 8 20.7 16.7 13.1 21.9 17.0 10.3 -.6 11.4 15.4 14.5 10.2 -4.9 15.6 - 2 2 . 3 4.6 11.2 14.8 6.3 11.9 9.1 .1 5.2 6.1 9.3 6.5 -8.6 5.3 8.4 —10.9 —3 5 10.0 6.8 9.5 1.9 7.9 4.2 5.3 -5.8 11.3 8.9 7.2 - 1 1 . 4 3.7 4.9 8.0 1, 271. 0 1,332. 7 1,189.9 1,220.0 1,227.9 1,255.5 1,268.0 1,276.5 1, 284.0 1,306. 7 1,325.5 1, 343.9 1,354. 5 1,354.2 1,378. 6 886.5 873.5 876.6 858.0 849.5 836.2 846.6 820.9 814.0 770.2 806.3 819.4 857.7 779.7 791.1 Personal consumption expenditures, total..do 774.6 Durable goods Nondurable goods Services Gross private domestic investment, total, Fixed investment Nonresidential. Residential Change in business inventories Net exports of goods and services 112.7 306.6 355.3 125 9 320.2 373.2 137 8 330 4 389.5 109 4 307.5 353.4 115 2 307 5 357.0 119.7 309.5 361.9 124 8 314.6 366.9 142.6 133.3 153.7 148.9 168.5 174.7 161.0 115.5 45.5 7.5 164.6 117.8 46.8 10.1 16.5 16.1 16.1 do do do do do do do do do Govt. purchases of goods and services, total.do Federal ... do State and local do 173.4 196.3 152.4 113.6 38.8 -9.8 166.8 118.9 47.8 6.7 187.4 129.8 57.7 8.9 149.9 112.9 37.0 -16.7 151.5 112.0 39 5 2.1 154.1 111.8 42.3 -5.2 22.6 15.4 9.5 24.7 22.8 22. 2 262.6 96.5 166.1 262.8 96.6 166.2 269.2 101.6 167.6 261.6 96.2 165.4 263.8 96.7 167.2 r Revised. *> Preliminary. tRevised 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 and 265.7 97.3 168.4 264.3 96.2 168.1 125.2 318.2 370.6 263.2 95.9 167.3 128.5 327.7 380.0 134.9 327.1 384.6 136.2 327.2 386.0 136.9 329.2 391.8 143.0 338.1 395.6 137.8 333.3 402.4 145.4 335.4 405.7 177.1 173.4 186.1 197.1 201.7 200.3 205.7 211.8 167.8 121.0 46.8 9.3 173.6 121.4 52.3 2 180.3 126.8 53.5 5. 8 187.1 129.1 58.0 10.0 189.5 130.8 58.8 12.2 192.8 132.5 60.3 7.5 193.4 133.8 59.5 12.3 198.7 138.6 60.1 13.1 13.1 11.2 11.0 12.5 3.1 2.9 7.8 272.1 101.2 170.8 272.4 97.3 175.1 125.3 320.5 375.1 262.5 96.8 165.7 261.3 97.5 163.8 262.8 98.7 164.1 267.9 101.3 166.6 271.7 102.9 168.8 274.5 103.6 170.9 p. 25ff.of the July 1978 SURVEY); revisions prior to May 1977 for personal income appear on p. 38 of the July 1978 SURVEY. 9 Includes data for items not shown separately. S-l 268-422 O - 78 - SI SUEVEY 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 1977 1976 1975 III Annual total July 1978 IV I II III IV 1978 II I III IV I II III GENERAL BUSINESS INDICATORS—Quarterly Series—Continued NATIONAL INCOME AND PRODUCTf-Con. Quarterly Data Seasonally Adjusted Implicit price deflators:! 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 Federal State and local _ .do __. do do ___ ' 127.15 ' 133. 76 133.1 126.4 124.4 117.7 133.4 138.2 131.6 123.2 141.61 140.7 129.5 145.0 141.0 128.19 127.5 118.4 134.9 124.0 130.14 129.1 119.9 136.2 126.2 131.40 r 132.92 ••134.39 ' 136.28 '138.27 ' 140.86 132.1 133.8 137.9 139.9 130.7 135.6 123.6 125.0 128.9 122.0 126.8 128.4 142.4 137.4 138.7 144.7 136.8 139.9 137.4 132.5 128.4 130.3 139.7 134.9 142.63 141.6 129.5 145.7 142.3 144.56 143.2 130.9 147.0 144.4 147.10 146.2 133.1 150.4 147.1 150.66 149.3 135.7 154.6 149.9 132.3 132.2 132.8 139.6 138.4 142.5 150.6 146.7 159.4 133.5 133.6 133.0 135.5 135.5 135.6 136.7 136.6 137.2 138.5 137.7 140.7 140.3 138.9 143.8 142.6 140.5 147.6 145.4 142.5 152.3 148.9 145.0 157.6 151.9 147.9 160.6 155.9 151.2 166.1 158.2 153.6 168.6 161.8 156.3 174.5 128.9 127.5 129.7 136.8 134.4 138.1 146.3 142.7 148.5 129.7 127.8 130.8 132.3 131.4 132.8 134.0 132.1 135.0 135.7 133.3 137.1 137.3 134.2 139.1 140.2 138.0 141.5 142.7 140.1 144.3 145.1 141.1 147.6 147.1 142.7 149.7 150.3 146.9 152.3 153.2 149.6 155.2 155.9 151.5 158.3 Quarterly Data Seasonally Adjusted at Annual Rates National income, totalf bii $ Compensation of employees, total Wages and salaries, total Govt. and govt. enterprises Other Supplements to wages and salaries .do . . . do do do do Proprietors' income with inventory valuation and capital consumption adjustments, total bil. $ Farm do do Nonfarm Rental income of p ersons with capital consumption adjustment. bil. $ 931.1 805.9 175.4 630.4 125.2 1,359.2 1,515.3 1,243.2 1,271.8 1,319.8 '1,347.9 '1,372.1 '1,397.0 '1,447.5 '1,499.3 '1,537.6 1,576.9 1,603.1 1,036.8 1,153. 4 890.1 983.6 187.6 200.8 702.5 782.9 146.7 169.8 939.0 812.0 177.0 635.0 127.0 967.8 1,001.7 1,026.0 1,046.1 1,073. 3 1,107. 9 1,140. 5 1,165. 8 1,199. 7 1,241. 0 1,286.1 836.1 861.7 881.5 897.3 919.9 946.4 973.4 993.6 ,021.2 L, 050. 8 ., 088.7 208.1 211.4 213.9 181.3 183.7 186.1 188.1 192.6 195.2 198.1 201.7 813.1 839.3 874.7 654.8 678.0 695.4 709.2 727.2 751.2 775.3 791.9 178.4 197.5 190.2 131.7 140.0 144.6 148.8 153.4 161.5 167.1 172.2 87.0 23.5 63.5 88.6 18.4 70.2 99.8 20.2 79.5 91.8 26.9 64.9 91.2 25.1 66.1 88.6 20.9 67.7 88.8 19.6 69.3 87.4 16.9 70.5 89.5 16.3 73.2 95.6 19.4 76.1 98.9 20.0 78.9 97.2 16.5 80.8 107.3 25.1 82.3 105.0 21.9 83.1 110.6 24.5 86.1 22.4 22.5 22.5 22.4 22.5 22.5 22.4 22.4 22.8 22.5 22.4 22.4 22.7 22.8 23.0 95.9 127.0 144.2 110.1 110.3 126.8 128.6 130.0 122.5 129.9 143.7 154.8 148.2 132.6 101 8 13 0 88 9 48 3 18 3 133 2 17.5 115 6 65 6 28 1 149 5 20.9 128 6 74 7 35 1 117.1 12.6 104 5 59 9 25 6 118.7 13.6 105 1 59 3 23 2 132.3 15.8 116 4 67.0 27.4 135.4 17.0 118 4 67.5 29.7 136.3 18.3 118.0 65.9 28.5 128.7 19.1 109.7 61.9 26.9 134.8 19.7 115.1 66.4 29.9 148.1 19.9 128.1 77.4 37.2 159.5 21.9 137.6 74.7 34.2 155.6 21.9 133.7 80.2 39.1 139.2 22.7 116.6 69.8 32.8 9.2 61 13.7 82 16.1 96 10.7 63 12.7 59 12.4 89 14.3 7.6 14.9 8.2 13.3 8.2 15.4 9.7 14.5 10.4 17.5 10.3 17.1 7.9 17.3 9.4 do do 120.4 49.8 70 6 31.9 38.7 155.9 64.3 91 7 37.9 53.8 173.9 71.8 102 1 43.7 58.4 134.0 55.8 78 1 32.1 46.0 137.2 56.9 80 3 32.6 47.8 152.6 63.6 89 0 34.5 54.5 158.7 66.3 92 4 37.2 55.2 157.8 64.7 93 1 38.4 54.7 154.6 62.4 92 2 41.4 50.8 164.8 68.3 96 5 41.5 55.0 175.1 72.3 102 8 42.7 60.1 177.5 72.8 104 8 44.1 60.6 178.3 73.9 104.4 46.3 58.1 172.1 70.0 102.1 47.0 55.1 ..do do do -12.4 -12.0 78.6 -14.5 -14.4 84.3 -14.8 -14.9 95.4 -10.6 -13.3 79.9 -12.5 -14.4 80.0 -11.4 -14.4 80.1 -15.7 -14.4 82.0 -13.3 -14.5 86.2 -17.6 -14.5 88.9 -20.3 -14.6 91.7 -16.6 -14.8 93.7 -7.7 -15.0 97.3 -14.8 —15.3 99.0 -23.5 -16.1 101.7 Corp. profits with inventory valuation and capital consumption adjustments, total bil. $.. Corp. profits with invent, val. adj.: Domestic total <^n Financial do Nonfinancial total Q do M^anufactur ing total $ do Durable g cods Transportat ion, communication, and electric, g as, and sanitary serv bil. $.. Rest of the wo rid ^n Profits before tax, total Profits tax liability Dividends.. Undistributed profits -do..--do.._. Inventory valuation adjustment__ Capital consumption adjustment Net interest 1,215. 0 DISPOSITION OF PERSONAL INCOMEf r bil. $.. ' 1,255.5 '1,380.9 '1,529.0 '1,274.1 '1,305.4 '1,336.9 '1,363.2 '1,392.8 '1,430.5 '1,470.7 '1,508.6 '1,543.7 '1,593.0 l,628.9 '1,682.5 233.3 248.8 237.3 223.3 224.6 192.6 200.0 222.7 184.4 209.0 173.8 226.0 179.6 196.5 168.8 do 1,359. 6 1,391. 6 1,433. 7 1,086.7 1,184. 4 1,303.0 1,100.3 1,125.8 1,152. 5 1,170.6 1,192.8 1,221. 5 1,248.0 1,285.3 1,319.1 .do .do..-. 1,003.0 1,116. 3 1,236.1 1,018.1 1,046.0 1,078.9 1,100.7 1,124. 8 1,160.9 1,195.8 1,217. 8 1,244.8 1,285.9 1,309.2 1,357.9 73.7 67.5 52.2 74.3 68.1 73.6 69.9 60.7 82.2 66.9 79.8 68.0 83.6 -do_-_. 82.4 75.8 Personal income, total Less: Personal tax and nontax payments Equals: Disposable personal income.. Less: Personal outlays© Equals: Personal saving§ NEW PLANT AND EQUIPMENT EXPENDITURES Unadjusted auarterly or annual totals: All industries.._ Manufa cturing Durable goods industriesif. Nondurable gcods industries^. . 112. 78 47.95 21.84 26.11 120.49 52.48 23.68 28.81 135.80 60.16 27.77 32.39 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 7.45 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 32.35 13.67 6.36 7.31 i 37.43 16.37 7.54 8.83 i 38.28 17.31 7.90 9.41 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 16.12 17.44 14.91 17.04 .94 .62 .50 .97 .62 .43 .92 .49 .26 .99 .68 .42 16.93 1.04 19.14 1.05 16.68 1.02 18.88 1.16 19.21 1.17 .85 .93 .72 1.02 .95 .94 .61 .76 .50 20.87 1.15 .76 .46 .63 18.68 1.07 .71 .52 .51 21.06 1.25 .89 .67 .68 20.97 1.21 .82 .50 .59 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 5.07 4.16 5.70 4.85 4.79 4.18 .85 .76 5.52 4.54 .98 6.46 5.34 1.12 5.55 4.78 .77 6.37 5.34 1.03 6.61 5.41 1.20 7.09 5.97 1.12 7.32 6.14 1.18 3.14 5.00 5.52 4.82 5.21 5.19 5.78 5.27 5.64 5.73 7.28 6.06 1.21 4 26 6.33 6.15 5.27 .91 .62 5.50 4.74 3 97 5.76 '210.48 2 10.54 do do do do 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 33.22 144.25 61.41 28.72 32.86 148.88 65.67 30.42 35.25 153.83 69.44 31.99 37.45 do do do do do 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 4^ 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 76.70 4.50 2.80 1.76 2.32 82.68 4.45 3.35 2.67 2.44 83.21 4.95 3.28 2.30 2.55 84.39 4.84 3.27 2.02 2.36 20.91 19.79 17.92 16.58 3.21 3.00 12. 95 20.44 20.34 Estimates (corrected for systematic biases) for Apr.- 21.91 18.50 3. ?'• 21.85 18. 8? 3.03 21.67 18.22 3.45 26.23 22.05 4.18 15 8^ 23.27 27.92 23.15 4.78 17 07 24.76 29.26 25.04 4.22 20.99 25.29 21.14 4.16 15 32 22.73 28.27 23.70 4.58 20.94 25. 35 21.19 4.16 14 19 22.67 26.22 21.90 4.32 20.68 23.46 19.49 3.96 14 30 21.36 '241.86 2 42.63 Nonm a nufacturing 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 industries^ Nondurable goods industries^ Nonm anufacturing Mining Railroad Air transportation Other transportation r Public utilities Electric Gas and other... Communication Commercial and other Revised. bil. $ do _.do do do do _.do_-. ..do _.do_--- 1 .64 .26 o oo 1 *?fiA. .70 .35 .59 .33 q of) .67 .43 .78 .39 A no 3.20 1.69 1.96 "lfi 4-0 23.14 by consumers to business, and personal transfer payments to foreigners (net). § Personal saving is excess of disposable income over personal outlays. # HData for individual durable and nondurable goods industries components appear m the Mar., June, Sept., and Dec. issues of the SURVEY.
@FedFRASER