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SURVEY OF CURRENT BUSINESS September 1966 volume of stock accumulation this year would still be higher than in 1965. As in the recent past, machinery and aircraft producers, whose order backlogs are substantial and rising, expect the largest increases in stocks during the second half of 1966. Nondurable goods producers continue to make smaller additions to in- 9 other 6-month period in the 1960's. Most nondurable goods producers expect to add to their inventories in the final half of this year. Yearend inventories are expected to reach $47.8 billion for durable goods producers and $27.7 billion for nondurable goods producers—equivalent to 2 months and 1.3 months of projected ventories than durable goods producers. They anticipate a $400 million rise in their stocks in each of the last two quarters of this year. The expected increase in the second half is somewhat smaller than the additions to book values of $1J4 billion in the first half of 1966 and $1 billion in the second half of 1965, but is at a higher rate than any Table 1.—Manufacturers' Inventories and Sales: Actual and Anticipated [Billions of dollars] Jan.Mar. Apr.June 1966 1965 1964 JulySept. Oct.Dec. Jan.Mar. JulySept. Apr.June Oct.Dec. Jan.Mar. Apr.June JulySept, i Oct.Dec. i Inventories, end of quarter Unadjusted All manufacturing Durables Nondurables _ _ _ _ _ 60 7 36.4 24.3 60.7 36.8 23.9 60.7 36.9 23.8 62.6 38.0 24.6 64.1 39.3 24.8 65.0 40.3 24.7 65.9 41.1 24.8 67.6 41.8 25.8 70.0 43.6 26.5 72.4 45.4 26.9 73.9 46.8 27.1 75.1 47.2 27.9 _ 60.3 36.1 24.2 60.4 36.5 23.9 61.0 37.0 24.0 62.9 38.4 24.5 63.7 39.0 24.7 64.6 40.0 24.7 66.3 41.3 25.0 68.0 42.3 25.7 69.6 43.3 26.4 71.9 45.0 26.9 74.3 47.0 27.3 75.5 47.8 27.7 ___ 108.0 56 3 51.7 114. 2 60.6 53.6 109.6 55.4 54.3 113.7 58.6 55.2 117.0 61. 5 55.5 123. 3 65.4 57.9 118.5 60.2 58.3 124.6 65.1 59.4 128.8 67.6 61.1 135.4 72.1 63.4 130.4 66.1 64.3 138.1 72.7 65.4 _ __ _ 109.1 57.1 52.1 111.1 57.5 53.6 112.4 58.3 54.1 113. 6 58. 5 55.2 117.9 62.1 55.8 119.8 62.1 57.7 122.1 63.9 58.2 124.6 65.1 59.5 129.5 68.0 61.5 131. 7 68.5 63.2 134.4 70.2 64.2 138.1 72.6 65.5 _____ Seasonally adjusted All manufacturing Durables Nondurables- _ _ _ _ _ _ _ __ _ Sales, total for quarter Unadjusted A l l manufacturing Durables Nondurables ___ _ _ Seasonally adjusted All manufacturing Durables Nondurables _ _ _ _ _ _ _ _ _ _ _ __ ___ 1 Anticipations reported by manufacturers in August 1966. Inventories have been corrected for systematic tendencies in anticipatory data. Sources: U.S. Department of Commerce, Anticipations, Office of Business Economics; actuals, Bureau of the Census. Table 2.—Manufacturers' Evaluation of the Condition of Their Inventories 1 [Percent distribution! Total High Nondurables Durables About right About right High Low High Low About right Low 18 14 10 10 81 85 88 88 1 1 2 2 20 15 11 10 79 84 87 88 1 1 2 2 16 13 9 9 83 85 88 89 1 2 3 2 14 14 15 14 84 84 83 84 2 2 2 2 19 17 18 17 80 82 81 82 1 1 1 1 8 9 11 11 89 89 86 86 3 2 3 3 15 15 17 13 82 83 81 85 3 2 2 2 17 18 19 14 81 80 80 84 2 2 1 2 12 10 14 10 85 88 83 87 3 2 3 3 March 31, 1964 June 30, 1964 September 30, 1964 December 31, 1964 16 13 14 13 82 84 82 84 2 3 4 3 17 16 15 15 81 81 81 82 2 3 4 3 14 9 11 9 84 88 84 87 2 3 5 4 March 31, 1965 June 30, 1965 September 30, 1965 December 31, 1965 16 16 16 15 81 80 81 82 3 4 3 3 20 20 22 19 77 77 76 78 3 3 2 3 9 10 g 8 87 85 88 88 4 5 4 4 15 18 81 78 4 4 18 21 79 75 3 4 10 13 85 83 5 4 March 31, 1961 June 30, 1961 September 30, 1961. _ December 31, 1961 March 31, 1962 June 30, 1962 September 30, 1962. _ December 31, 1962 ___ March 31, 1963 June 30, 1963 September 30, 1963 December 31, 1963 March 31, 1966 June 30, 1966______ _ _ _ _ _ __ __ . 1. Condition of actual inventories relative to sales and unfilled orders position as viewed by reporting companies. Percent distribution of inventory book values according to company's classification of inventory condition. 228-744 O - 66 - 2 Source: U.S. Department of Commerce, Office of Business Economics, CURRENT BUSINESS STATISTICS JL HE STATISTICS here update series published in the 1965 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY OF CURRENT BUSINESS. That volume (price $2.00) provides a description of each series, references to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1961 through 1964 (1954-64 for major quarterly series), annually, 1939-64; for selected series, monthly or quarterly, 1947-64 (where available). Series added or significantly revised after the 1965 BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively; certain revisions for 1964 issued too late for inclusion in the 1965 volume appear in the monthly SURVEY beginning with the September 1965 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding to revised annual data are available upon request. 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. 1963 Unless otherwise stated, statistics through 1964 and descriptive notes are shown in the 1965 edition of BUSINESS STATISTICS 1964 | 1965 II Annual total 1964 1963 III IV I II 1965 III | IV I II 1966 III | IV I II 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__ Durable goods, total 9 _ _ Automobiles and parts Furniture and household equipment do do do Nondurable goods, total 9 Clothing and shoes Food and beverages Gasoline and oil do do do. do_ __ Services total 9 Household operation Housing Transportation - - _ do__ _ _ do - -- do do 590.5 631.7 681.2 584.2 594.7 605.8 616.8 627.7 637.9 644.2 660.8 672.9 686.5 704.4 721.2 732.3 375.0 401.4 431.5 372.0 378.3 381.5 391.1 398.0 407.5 408.8 418.9 426.8 435.0 445.2 455.6 460.1 53.9 24.3 22.2 59.4 25.8 25.1 66.1 29 8 27.1 53.2 24.1 21.7 54.5 24.4 22.5 55.6 24.9 23.1 57.6 25.3 24.1 59.8 26.0 25.4 61.1 27.1 25.3 58.9 24.6 25.7 65.1 30.1 26.0 64.4 29.2 26.2 66.7 30.2 27.3 68.0 29.9 28.8 70.3 31.4 29.6 67.1 28.5 29.2 168.6 30 6 88.2 13.5 178.9 33.6 92.8 14.1 190.6 35 9 98.4 15.1 168.0 30.3 88.3 13.3 169.9 31.4 88.3 13.5 169.6 30.7 88.' 6 13.7 174.9 32.8 90.7 13.9 176.5 32.7 92.1 13.9 181.7 34.3 93.9 14.2 182.4 34.4 94.4 14.4 184. 5 34.6 95.4 14.4 189.4 35.6 97.8 15.2 191.4 36.0 98.7 15.3 197.0 37.5 101.6 15.7 201.9 39.4 103.3 15.8 205.6 39.7 104.8 16.1 152.4 23.1 55.4 11 4 163.1 24.3 59.2 11.8 174 8 25.6 63.2 12 8 150.8 22.7 55.0 11.4 153.9 23.5 55.8 11.5 156.3 23.3 56.8 11 6 158.7 23.8 57.7 11.7 161.6 24.2 58.7 11.7 164.7 24.7 59.6 11.9 167.5 24.7 60.7 12.1 169. 3 24.7 61.6 12.2 173.0 25.4 62.7 12.7 176.9 26.0 63.6 13.0 180.2 26.3 64.7 13.4 183.4 26.5 66.0 13.5 187.4 27.1 67.1 13.9 106.7 87.1 93.0 106.6 85.1 88.0 92.9 90.2 91.8 92.5 97.4 103.8 103.7 111.9 114.5 118.5 81.3 54.3 19.5 34.8 27 0 26 4 5.9 5.1 88.3 60.7 21.0 39.7 27 6 27.0 4.7 5.3 97 5 69.7 24.9 44.8 27 8 27 2 9.1 8.1 80.3 53.5 19.7 33.8 26.8 26.2 4.8 4.3 82.0 55.0 19.4 35.5 27.1 26.5 6.0 5.3 84.7 56.8 19.9 36.8 28 0 27 4 8.1 7.0 86.6 58.1 20.3 37.9 28.5 27.9 3.5 3.6 87.6 59.7 20.9 38.8 27.9 27.3 4.2 5.1 88.9 61.7 21.0 40.7 27 2 26 6 3.6 4.6 90.0 63.3 21.8 41.4 26.7 26.2 7.4 7.9 94.4 66.7 23.6 43.1 27.7 27.2 9.5 9.4 96.0 67.9 24.6 43.3 28.1 27.5 7.6 6.7 98.0 70.2 24.4. 45.8 27.8 27.3 8.7 7.2 101.5 73.9 26.8 47.1 27.6 27.0 10.4 9.0 105.6 77.0 28.5 48.5 28.6 28.0 8.9 8.5 106.2 78.2 27.9 50.3 28.0 27.4 12.3 12.1 5.9 32.3 26 4 8.5 37.0 28.5 7.0 39 0 32 0 6.2 32.4 26.2 5.6 32.5 26.9 7.1 34.3 27.1 9.0 36.4 27.4 7.9 36.0 28.1 8.4 37.2 28.8 8.6 38.1 29.6 6.4 35.1 28.7 8.2 40.5 32.3 7.1 40.1 33.0 6.1 40.3 34.2 6.0 41.7 35.6 4.7 41.9 37.3 Govt. purchases of goods and services, total, .do Federal _ _ _ _ do National defense _ do State and local do 122.5 64 2 50.8 58 2 128.9 65.2 50.0 63 7 136.2 66 8 50.1 69 4 120.9 63.4 50.5 57 5 122.9 64.2 51.0 58 7 124.3 64.4 50.3 59 8 126. 5 64.9 50.1 61 6 130.1 66.6 51.6 63 4 129.5 65.1 49.8 64 4 129.4 64.1 48.5 65.3 131.6 64.4 48.2 67 3 134.3 65.6 49.1 68.7 137.7 67.5 50.7 70 2 141.2 69.8 52.5 71.4 145.0 71.9 54.6 73.1 149.0 74.0 57.1 75.0 By major type of product:! Final sales, total Goods, total Durable goods Nondurable goods Services Structures do do do_ _ do _ _ do do 584 6 292 7 113 3 179.4 226 2 65 7 627 0 313 6 122.2 191.3 244.5 68 9 672 1 335 7 132 2 203.5 262 0 74 5 579 4 290.1 111.8 178.3 223.8 65 5 588 8 294 7 114 7 180.1 228 1 65 9 597 7 298 1 117 3 180.8 232 2 67 4 613 3 307 1 119 6 187.5 237 3 68 8 623 5 311 4 122 4 189.0 242 7 69 4 634 4 318 8 125 0 193.8 247 1 68 5 636 8 316 9 122 0 195.0 251 1 68 8 651 4 324 3 127 7 196.6 254 3 72 7 665 3 331 2 128 8 202.4 259.8 74 3 677 8 338 8 134 3 204.4 265.1 73 9 694.0 348.4 137.9 210.5 268.8 76 9 712.3 357.0 141.8 215.2 275.5 79.8 720.0 359.3 140.6 218.7 282.1 78.6 do do. _ do 5.9 28 3.1 4.7 3.3 1.4 9.1 6 3 2.7 4.8 3.2 1.6 6.0 2.3 3.7 8.1 38 4.4 3.5 23 1.2 4.2 36 .5 3.6 28 ,8 7.4 4.4 2.9 9.5 7.4 2.1 7.6 6.4 1.2 8.7 6.7 2.1 10.4 4.7 5.7 8.9 5.8 3.1 12.3 9.0 3.3 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 Exports Imports - _ do____ do do - _ _ _ C hange in business inventories Durable goods _ Nondurable goods GNP in constant (1958) dollars Gross national product, total t Personal consumption expenditures, total Durable goods _ _ _ _ _ Nondurable goods Services _ _ bil. $-_ 551.0 580.0 614.4 546.0 554. 7 562.1 569.7 578.1 585.0 587.2 600.3 607.8 618.2 631.2 640.5 643.5 do 353.3 373.8 396.2 350.9 356.1 357.7 365.7 371.0 379.5 378.9 387.1 392.2 398.9 406.5 412.8 412.2 53.7 162 2 137 4 59.1 170 5 144 2 66.4 178 2 151 6 53.0 161 7 136.2 54.4 163 3 138 4 55.3 162 4 140 0 57 2 167 2 141 2 59 5 168 4 143 1 60.9 173 3 145 3 58.8 173 1 146 9 64.8 174 2 148 1 64.2 177 6 150 4 67.2 178 5 153 1 69.2 182 5 154.8 72.2 184.1 156.5 68.5 185.8 157.9 do 82.5 86.5 97.8 80.6 83.1 87.7 84.6 85.6 85.7 90.2 95.9 95.3 97.9 102.2 103.5 106.3 do do, do._do 76 7 51.9 24.8 5.8 81.9 57.4 24.6 4.6 89 0 64.9 24.1 8.8 75.9 51.1 24.7 4.8 77.2 52.5 24.7 5.9 79 7 54.3 25.4 8.1 81 2 55.5 25.7 3.5 81 6 56 6 24.9 4.0 82 2 58 2 24 1 3.5 82 8 59 2 23 6 7.4 86 6 62 3 24.4 9.3 88 0 63 4 24.5 7.3 89 4 65.5 23.9 8.5 91.9 68.4 23.5 10.2 95.0 70.8 24.3 8.5 94.7 71.3 23.4 11.6 5.6 8.5 6.3 5.7 5.5 7.1 9 2 82 84 80 5.7 71 6.4 6.0 5.9 4.6 __ _ _ do. _ do do Gross private domestic investment, total Fixed investment Nonresidential _ Residential structures Change in business inventories Net exports of goods and services.. __ _ do Govt. purchases of goods and services, total. _do 114.1 109.6 108.7 110.0 111.3 Federal do 59.5 59.0 57 8 59 6 57.8 State and local .._ do 50.1 53.4 56.3 49.7 50.4 r Revised. * Preliminary. f Revised series. Estimates of national income and product and personal income have been revised (see p. 11 ff. of the July 1966 issue of the SURVEY); 109.5 110.3 110.1 111.5 113.2 113.3 111.3 58 7 58 2 59 7 56 2 57 3 57 4 56 1 50.9 52.0 53. fi 53. 9 54.0 55. 3 55. 9 revisions prior to May 1965 for personal income appear on the SURVEY. 9 Includes data not shown separately. 120.4 118.3 115. 0 116.6 61.9 60.4 59.3 58 3 58.5 56.7 57.3 57.9 p. 18 fl. of the July 1966 issue of s-i 228-744 O - 66 - 4 SURVEY OF CURRENT BUSINESS S-2 Unless otherwise stated, statistics through 1964 and descriptive notes are shown in the 1965 edition of BUSINESS STATISTICS 1963 1964 Annualtotal 1965 1963 IV September 1966 1964 I II 1965 IV III I II 1966 I IV III II III IV GENERAL BUSINESS INDICATORS— Quarterly Series— Continued NATIONAL INCOME AND PRODUCT— Con. Quarterly Data Seasonally Adjusted at Annual Rates 481.9 517.3 504.0 559.0 493.9 National income total f foil $ Compensation of employees, total _ do 341.0 365.7 392.9 349.2 355.3 311.1 358.4 318.5 324.4 Wages and salaries, total do 333. 6 Private - do 251.6 269.3 289.1 257.1 261.8 10.8 Military do 11.7 12.1 11.6 11.6 Government civilian _do__ _ 48.6 51.0 52.6 49.8 57.1 Supplements to wages and salaries do 29.9 32.0 31.0 34.5 30.8 51.4 Proprietors' income, total 9 do 51.0 51.9 51.3 55.7 37.9 39.9 Business and professional 9 do 39.1 38.5 40.7 Farm - do 12.2 12.0 13.1 15.1 12.9 Rental income of persons _ _do 17.4 17.7 17.2 18.3 17.1 Corporate profits and inventory valuation adjust58.9 74.2 61.4 ment total foil. $ 66.6 65.3 By broad industry groups: 8.4 Financial institutions do 7.8 8.0 8.9 7.9 Nonfinancial corporations, total do 51.2 58.2 53.5 57.3 65.3 Manufacturing, total do 32.4 32.1 30.2 28.8 37.8 14.1 Nondurable goods industries do 13.4 13.0 14.5 15.7 Durable goods industries _ _ _ __do 17.9 15.8 22.1 18.1 16.8 Transportation, communication, and public 10.4 10.1 utilities foil. $ 9.5 11.1 9.8 15,4 All other industries do 12.9 16.4 15.0 13.5 59.4 65.8 Corporate profits before tax, total do 67.0 75.7 62.7 31.2 Corporate profits tax liability do 28.4 27.9 26.3 27.8 Corporate profits after tax do 34.9 44.5 38.0 33.1 38.7 19.2 16.8 Dividends - do_ _ 17.1 16.5 17.3 20.9 21.3 18.1 Undistributed profits do 25.3 16.6 Inventory valuation adjustment do -.4 -.5 -1.5 -1.3 131 8 15.5 17.8 14.7 14.7 Net interest do DISPOSITION OF PERSONAL INCOMEf Quarterly Data Seasonally Adjusted at Annual Rates 496.0 535.1 475.8 484.0 Personal income total foil $ 465.5 59.4 Less' Personal tax and nontax payments do 60.9 66.0 61.7 60.7 436.6 469.1 414.1 423.4 Equals' Disposable personal income do 404.6 401.4 443.4 391.6 Less* Personal outlays© do 412.1 384.7 22.0 22.5 Equals' Personal saving§ do 24.5 25.7 19.9 NEW PLANT AND EQUIPMENT EXPENDITURES Unadjusted quarterly or annual totals: 9.40 11.09 39.22 44.90 51. 96 All industries foil. $ 3.79 4.56 Manufacturing _ _ _ do 15.69 18.58 22.45 1.93 2.31 9.43 7.85 11.40 Durable goods industries _ do 2.25 1.87 Nondurable goods industries do 9.16 7.84 11.05 .28 .26 Mining do 1.04 1.19 1.30 .33 .32 1.41 1.10 Railroad do 1.73 .54 .51 1.92 Transportation, other than rail- _ do 2.38 2.81 6.22 1.61 1.18 5.65 Public utilities do_ _ 6.94 1.06 .97 Communication do 3.79 4.30 4.94 2.72 2.37 10.03 10.83 Commercial and other do 11.79 Seas. adj. qtrly. totals at annual rates: 41.20 42.55 All industries _ do 16.45 17.40 Manufacturing _ _ _ do 8.30 8.85 Durable goods industries do __ 8.15 8.55 Nondurable goods industries do 1.05 1.15 Mining _ _ _ do 1.35 1.40 Railroad do 2.10 2.30 Transportation, other than rail do 5.80 5.95 Public utilities do 4.05 4.05 Communication _ do 10.25 10.45 Commercial and other _do_ U.S. BALANCE OP INTERNATIONAL PAYMENTSc? Quarterly Data Are Seasonally Adjusted (Credits +; debits -) Exports of goods and services (excl. transfers under 9,112 32, 339 36,958 38, 993 8,564 military grants) mil $ 6,156 5,949 22, 071 Merchandise, adjusted, excl military do 25, 297 26,276 198 145 844 657 747 Military sales do 5,392 5,901 1,183 1,402 4,654 Income on U S investments abroad do 1,356 1,287 5,522 5,972 4,957 Other services do -26,442 -28,468 -32, 036 -6, 784 -6, 850 Imports of goods and services do Merchandise, adjusted, excl. military d o _ _ _ -16,992 -18,621 -21, 488 -4, 372 -4,389 -740 -719 -2, 936 -2,834 -2,881 Military expenditures do -352 -339 Income on foreign investments in the U.S__do___ -1, 271 -1,404 -1,646 -5,243 -5, 609 -6,021 -1,341 -1,382 Other services do Unilateral transfers, net (excl. military grants); -702 -683 -2,784 -2, 765 -2, 794 transfers to foreigners ( — ) mil $ Transactions in U.S. private assets, net; increase -4,456 -6, 523 -3, 690 -1, 106 -1,360 (— ) mil $ Transactions in U.S. Govt. assets, excl. official -291 -486 -1,664 -1,674 -1,575 reserve assets' increase ( — ) mil $ Transactions in U.S. official reserve assets, net; -51 378 171 1,222 increase ( — ) mil $ Transactions in foreign assets in the U.S., net (U.S. 419 358 309 2,981 3,312 liabilities) * increase (+) mil $ 143 299 133 2,292 2,627 Liquid assets do 215 120 176 689 685 Other assets do -296 161 -429 -352 -1,011 Unrecorded transactions. _ . _ _ _ _ _ _ do_ Balance on liquidity basis—increase in U.S. official reserve assets and decrease in liquid liabilities to -248 -138 -2,670 -2, 798 '-1,33 all foreigners' decrease ( ) mil $ Balance on official reserve transactions basis—increase in U.S. official reserve assets and decrease in liquid and certain nonliquid liabilities to foreign -144 -92 nffinial aowinioc' rJoproaoo f \ mil <fc -2 044 -1.546 r-1.30 r Revised. p Preliminary. 1 Estimates for July-Sept. 1966 based on anticipated capital expenditures of business. 2 Estimates for Oct.-Dec. 1966 based on anticipated capital expenditures of business. Anticipated expenditures for the year 1966 are as follows (in foil. $): All industries, 60.86; manufacturing, total, 27.08; durable goods industries, 13.96; nondurable goods industries, 13.11; mining, 1.46; railroad, 1.96; transportation, 3.62; public utilities, 8.16; commercial and other 3 (incl. communication), 18.60. Includes communication. 513.7 362.2 330.6 267.1 11.6 51.9 31.7 52.2 39.9 12.2 17.6 522.9 369.8 337.4 272.3 11.7 53.4 32.4 51.9 40.3 11.7 17.8 528.5 375.3 342.2 275.9 11.9 54.3 33.1 52.2 40.3 11.9 17.9 543.3 381.7 348.2 281.2 11.8 55.2 33.5 53. 3 40.5 12.9 18.1 552.2 387.8 353.7 285.8 11.7 56.3 34.1 55.9 40.4 15.5 18.3 562.7 395.6 360.8 291.1 12.0 57.7 34.8 56.7 40.7 16.0 18.4 577.8 406.5 370.8 298.5 13.0 59.3 35.7 57.1 41.1 16.0 18.5 595.7 419.6 380.0 305.9 13.6 60.4 39.6 58.4 41.4 17.0 18.7 604.1 427.9 387.4 311.5 14.1 61.8 40.5 57.9 41.6 16.3 18.8 66.5 67.8 66.8 73.2 72.7 74.0 76.9 80.0 '79.9 8.5 58.1 32.4 14.6 17.7 8.4 59.3 33.0 14.6 18.4 8.6 58.1 32.2 14.7 17.5 8.5 64.6 37.4 15.5 21.9 8.7 64.0 36.7 15.5 21.2 8.9 65.0 37.4 15.5 21.9 9.5 67.5 39.6 16.4 23.2 9.4 70.6 41.9 17.2 24.7 9.8 70.0 40.6 17.2 23.4 10.2 15.5 66.8 28.3 38.5 17.3 21.3 -.3 15.1 10.6 15.7 67.8 28.7 39.1 17.4 21.7 .0 15.7 10.5 15.5 67.7 28.6 39.0 17.7 21.4 -.9 16.3 10.7 16.5 74.5 30.7 43.8 18.1 25.7 -1.3 16.9 10.9 16.4 74.5 30.7 43.8 18.8 25.0 -1.8 17.5 11.2 16.4 75.0 30.9 44.1 19.5 24.6 -1.0 18.1 11.5 16.4 78.7 32.4 46.3 20.2 26.1 -1.8 18.7 11.3 17.4 82.7 34.1 48.7 20.9 27.8 -2.8 19.1 12.0 17.4 '82.8 '34. 1 48.7 21.1 '27.6 2 9 19.6 492.0 56.9 435.1 408.5 26.6 500.3 59.1 441.2 418.4 22.8 507.5 60.9 446.6 420.0 26.6 518.0 64.9 453. 2 430.3 22.8 527.6 66.6 461.0 438.6 22.4 541.9 65.7 476.2 447.1 29.0 552.8 66.7 486.1 457.6 28.5 564.6 69.5 495.1 468.4 26.7 573.5 73.6 499.9 473.3 26.6 11.11 4.53 2.30 2.23 .29 .36 .63 1.58 1.10 2.61 11.54 4.67 2.37 2.30 .30 .37 .59 1.71 1.06 2.84 12.84 5.59 2.83 2.76 .33 .35 .64 1.76 1.17 3.01 10.79 4.54 2.25 2.28 .29 .39 .58 1.32 1.08 2.59 12.81 5.47 2.76 2.70 .33 .44 .77 1.71 1.24 2.85 13.41 5.73 2.91 2.82 .32 .44 .72 1.88 1.22 3.10 14.95 6.72 3.48 3.24 .35 .46 .73 2.04 1.41 3.25 12.77 ' 15. 29 5.61 '6.78 2.87 '3.51 2.74 '3.27 .33 '.40 .40 '.55 .75 ' 1.00 1.60 '2.09 1.26 1.42 2.83 '3.06 43.50 17.80 9.00 8.80 1.15 1.25 2.25 6.30 4.30 10.45 45.65 18.85 9.60 9.20 1.20 1.50 2.40 6.30 4.40 11.00 47.75 20. 15 10.15 10.00 1.30 1.55 2.60 6.35 4.40 11.40 49.00 20.75 10.40 10.40 1.25 1.75 2.55 6.80 4.55 11.30 50.35 21.55 10.80 10.70 1.30 1.55 2.70 6.85 4.80 11.60 52.75 23.00 11.75 11.25 1.25 1.70 3.00 6.75 5.05 11.95 55.35 24.15 12.45 11.70 1.35 1.95 3.00 7.30 5.30 12.25 58.00 25.60 13.15 12.45 1.40 1.75 3.30 8.25 5.35 12.35 '115. 64 2 17. 16 6.84 7.84 '3. 54 4.04 '3.30 3.80 .36 .37 '.47 .54 '.90 .97 '2.22 2.25 '34. 84 35.19 ' 60. 10 '161. 60 2 63. 55 28.15 ' 26. 80 27.55 ' 13. 85 ' 14. 35 14.40 r 12. 95 ' 13. 20 13.70 1.40 '1.55 1.45 '2.00 '1.85 2.30 '3.50 '3.70 3.95 '8.30 '8.05 8.10 5.50 ' 12. 45 '319. 00 3 19. 65 9,001 9,308 9,537 8,776 10, 136 10, 016 10, 065 ' 10,456 plO, 565 7,121 p7, 111 6,826 7,027 6,092 6,389 5,625 6,798 6,660 '198 199 216 201 229 162 200 *>258 186 ' 1, 541 pi, 596 1,470 1,253 1,561 1,616 1,254 1,369 1,368 1,521 1,493 1,568 ' 1, 596 pi, 600 1,423 1,390 1,354 1,389 -7, 032 -7, 196 -7, 390 -7,164 -8, 087 -8,245 -8,540 '-8,922 p-9,238 -4, 579 -4, 752 -4,901 -4,656 -5,481 -5,595 -5, 756 -6, 003 p-6,258 -745 -771 ' -854 p-913 -683 -664 -701 725 -686 -411 -372 -404 -458 '-436 p-436 -373 -344 -349 -1,384 -1,409 -1,434 -1,471 -1,501 -1,494 -1, 555 '-1,629 p-1,631 -662 -768 -719 -645 '-852 p-733 -1, 385 -1,589 -2, 189 -1,605 -346 827 912 '-908 p 1, 104 -469 -268 -717 -694 -671 -350 -415 -618 -471 '-332 p-471 303 70 -151 842 68 41 271 424 P 68 332 249 83 -152 719 547 172 -203 1,842 1,532 310 -360 180 -145 325 0 -425 -294 -131 -109 242 493 -251 -240 312 '61 '251 -552 -617 -1,381 -697 226 -534 -367 r -332 '402 P 979 ' 132 p 89 '270 p 890 ' -268 p -66 ' -556 p-157 '232 -1.158 ' -246 P-183 -845 -618 '239 -326 -231 fSee corresponding note on p. S-l. 9 Includes inventory valuation 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. ci^More complete details are given in the quarterly reviews in the Mar., June, Sept., and Dec. issues of the SURVEY.