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SURVEY OF CUEEENT BUSINESS

6

October 1966

NATIONAL INCOME AND PRODUCT TABLES
1965
1963

1964

II

1965

III

1965

1966

IV

I

II

III*

1963

1964

II

1965

Seasonally adjusted at annual rates

III

1966

IV

i

ii

m>

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)
Gross national product

590.5

Durable goods
Nondurable goods
Services

681.2

672.9

686.5

704.4

721.2

732 3

746 0

551.0

580.0

614.4

607.8

618.2

631.2

640.5

643.5

401.4

431.5

426.8

435.0

445.2

455.6

460. 1

470.0

353.3

373.8

oq/» n

392.2

398.9

406.5

412.8

59.4
178.9
163.1

66.1
190.6
174.8

64.4
189.4
173.0

66.7
191.4
176.9

68.0
197.0
180.2

70.3
201.9
183.4

67 1
205 6
187 4

70 3
208 3
191.4

53.7
162.2
137.4

59.1
170.5
144. 2

66.4
178. 2
151.6

64.2
177.6
150.4

67.2
178.5
153.1

69.2
182.5
154.8

72.2
184.1
156.5

650.7

412.2

53.9
168.6
152.4

_

631.7

375.0

Personal consumption expenditures _ . .

68.5
185.8
157.9

87.1

93.0

106.6

103 7

106.7

111.9

114.5

118 5

116 0

82.5

86.5

97.8

95.3

97.9

102.2

103.5

106.3

81.3
54.3
19.5
34,8
27.0
26.4
6
5.9
5.1
.8

88.3
60.7
21 0
39.7
27.6
27.0
6
4.7
5.3
—.6

97.5
69.7
24.9
44.8
27.8
27.2
6
9.1
8.1
.9

96.0
67.9
24 6
43 3
28.1
27.5
6
7.6
6.7
.9

98.0
70.2
24.4
45.8
27.8
27.3
5
8.7
7.2
1.5

101.5
73.9
26.8
47. 1
27.6
27.0
.5
10.4
9.0
1.4

105.6
77.0
28.5
48.5
28.6
28.0
.5
8.9
8.5
.5

106.2
78.2
27 9
50 3
28.0
27.4
6
12.3
12 1
.2

105.2
80.0
27 3
52 7
25.2
24.6
6
10.8
11.3
— .5

76.7
51.9
17.9
34.0
24.8
24.2
.5
5.8
5.1
.8

81.9
57.4
18.9
38.5
24.6
24.0
.5
4.6
5.2
-.6

89.0
64.9
21.7
43.2
24.1
23.6
.5
8.8
8.0
.9

88.0
63.4
21.7
41.7
24.5
24.0
.5
7.3
6.5
.8

89.4
65.5
21.3
44.2
23.9
23.4
.5
8.5
7.1
1.4

91.9
68.4
23.2
45.2
23.5
23.0
.5
10.2
8.9
1.3

95.0
70.8
24.3
46.4
24.3
23.8
.5
8.5
8.0
.4

94.7
71.3
23.6
47.7
23.4
22.9
.5
11.6
11.4
.2

5.9
32.3
26 4

8.5
37.0
28 5

7.0
39.0
32.0

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

4.7
43.7
39 0

5.6
32.1
26.6

8.5
36.4
28.0

6.3
37.3
31.0

7.1
38. 7
31.6

6.4
38.4
31.9

6.0
38.7
32.8

5.9
40.1
34.2

4.6
40.3
35.8

Government purchases of goods and services
Federal
National defense
Other
State and local

122.5
64 2
50.8
13.5
58.2

128.9
65 2
50.0
15.2
63.7

136.2
66 8
50.1
16.7
69.4

134.3
65 6
49.1
16.5
68.7

137.7
67.5
50.7
16.8
70.2

141.2
69.8
52.5
17.3
71.4

145.0
71.9
54.6
17.4
73.1

149.0
74 0
57 1
16.9
75.0

155.3
78 3
61 3
17.0
77.0

109.6
59.5

111.3
57.8

114.1
57.8

113.2
57.3

115.0
58.3

116.6
59.3

118.3
60.4

120.4
61.9

50.1

53.4

56.3

55.9

56.7

57.3

57.9

58.5

Addendum: Implicit price deflator for seasonally
adjusted GNP, 1958 = 100

107.2

108.9

110.9

110.7

111.0

111.6

112.6

113.8

114.6

Gross private domestic investment
Fixed investment
Nonresidential. . _
Structures
Producers' durable equipment
Residential structures
Nonfarm
Farm
Change in business inventories
Nonfarm
Farm
Net exports of goods and services
Exports
Imports

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
Gross national product

._

__

Final sales
Change in business inventories

--_ -.

590.5

631.7

681.2

672.9

686.5

704.4

721.2

732.3

746.0

551.0

580.0

614.4

607.8

618.2

631.2

640.5

643.5

584.6
5.9

627.0
4.7

672.1
9.1

665.3
7.6

677.8
8.7

694.0
10.4

712.3
8.9

720.0
12.3

735.2
10.8

545.2
5.8

575.4
4.6

605.6
8.8

600.5
7.3

609.7
8.5

621.0
10.2

632.0
8.5

650.7

631.9
11.6

298.6

318.2

344.7

338.8

347.5

358.8

366.0

371.6

289.7

307.2

328.5

322. 5

330.9

341.0

344.7

346.7

Final sales
_ __
Change in business inventories

292.7
5.9

313.6
4 7

335.7
9.1

331.2
7.6

338.8
8.7

348.4
10.4

357.0
8.9

359.3
12.3

283.9
5.8

302.6
4.6

319.7
8.8

315.2
7.3

322 .4
8.5

330.7
10.2

336.2
8.5

335.1
11.6

Durable goods
Final sales
Change in business inventories

116. 1
113 3
2.8

125 5
122 2
3.3

138.5
132 2
6.3

135.2
128 8
6.4

141.0
134 3
6.7

142.6
137 9
4.7

147.6
141.8
5.8

149.6
140 6
9.0

114.2
111.4
2.8

123.1
119.9
3.2

135.5
129.4
6.1

131.7
125.5
6.2

138.3
131.8
6.5

140.3
135.7
4.7

145.4
139.9
5.5

146.0
137. 6
8. 4

Nondurable goods
Final sales
Change in business inventories

182 5
179 4
3.1

192 7
191 3
1.4

206 3
203 5
2.7

203 6
202.4
1.2

206 5
204.4
2.1

216 2
210.5
5.7

218 4
215.2
3.1

222 0
218.7
3.3

175.6
172.5
3.1

184.1
182.7
1.4

193 0
190.3
2.7

190.8
189.6
1.1

192.6
190.6
2.0

200.6
195.1
5.6

199.4
196.3
3.0

200.8
197.6
3.2

Goods output

-

--

_

10.8

226 2

244 5

262 0

259 8

265.1

268.8

275.5

282.1

200.9

211.2

221.1

220.3

223.3

224.0

227.7

230.9

Structures

65 7

68 9

74 5

74 3

73.9

76.9

79.8

78.6

60.4

61.7

64.8

65.0

64.0

66.2

68.0

66.0

Addendum * Gross auto product

25 1

25 8

31 4

30 8

31 6

30 5

31.5

28 6

24.7

25.4

31.4

30.6

31.9

30. 7

32.2

29.1

Services

Table 3.— Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product..
Private
Business
Nonfarm
Farm
Households and institutions
Rest of the world
General government
Preliminary.




__ 590.5

631.7

681.2

672.9

686.5

704.4

721.2

732.3

746.0

551.0

580.0

614. 4

607.8

618.2

631. 2

640.5

643. 5

530.8

563.5

557.3

567.2

579.4

588.0

589.9

532 4

568 7

613 4

606 4

618.2

633.8

648.4

657.6

503.2

513 0
491 5
21.5
16 0
34

547
527
20
17
4

4
0
4
3
0

590 8
567 1
23.8
18 3
4 3

583 6
559 4
24.2
18 0
4 8

595 3
570 6
24.7
18 7
41

611 2
586 6
24.7
19 1
34

624 9
599 3
25.7
19 1
4 4

634 0
609 0
25.0
19 1
4 4

486 6
463 8
22.8
13 2
34

513 3
491.2
22.0
13 6
3.9

545 4
521. 7
23.8
14 0
4.1

538 9
515.1
23.8
13.7
4.6

548 9
524.6
24.3
14.2
4.0

561. 6
537.5
24.1
14.5
3.3

569.4
546. 4
23.0
14.3
4.3

571. 4
548.4
22.9
14.2
4.3

63 0

67 8

66 6

68 3

70 6

72.8

74 7

47.8

49.2

50.9

50.5

51.1

51.8

52.5

53.6

58 1

650. 7

CURRENT BUSINESS STATISTICS

JLHE 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

III

Annual total

1964

1963

1965

IV

I

II

1966

1965

IV

III

I

II

III

IV

I

II

Hip

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_ _

Gross private domestic investment, total. _ do

590. 5

631.7

681.2

594.7

605.8

616.8

627.7

637.9

644.2

660.8

672.9

686.5

704.4

721.2

732 3

746. 0

375.0

401.4

431.5

378.3

381.5

391. 1

398.0

407.5

408.8

418.9

426.8

435.0

445.2

455.6

460.1

470.0

53.9
24.3
22.2

59.4
25.8
25.1

66.1
29.8
27.1

55.6
54.5
24.4 . 24.9
23.1
22.5

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

70.3
30.0
30.5

168 6
30.6
88 2
13 5

178.9
33.6
92 8
14.1

190.6
35.9
98 4
15 I

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

208.3
41.0
105 8
16.3

152.4
23 1
55.4
11.4

163.1
24 3
59.2
11.8

174.8
25 6
63.2
12.8

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

191. 4
27.3
68.2
14.2

87.1

93.0

106.6

88.0

92.9

90.2

91.8

92.5

97.4

103.8

103. 7

106 7

111.9

114 5

118/5

116.0

81.3
54.3
19 5
34 8
27.0
26.4
59
5.1

88.3
60.7
21 0
39.7
27.6
27.0
47
5.3

97.5
69.7
24 9
44 8
27.8
27. 2
91
8.1

82.0
55.0
19 4
35 5
27.1
26.5
60
53

84 7
56.8
19 9
36 8
28.0
27.4
81
70

86.6
58.1
20 3
37.9
28.5
27.9
35
36

87 6
59.7
20 9
38 8
27.9
27.3
42
51

88.9
61.7
21 0
40 7
27.2
26.6
36
46

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
95
9.4

96.0
67.9
24 6
43.3
28.1
27.5
76
6.7

98 0
70.2
24 4
45 8
27.8
27.3
87
72

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
89
85

106 2
78.2
27 9
50 3
28.0
27.4
12 3
12 1

105.2
80.0
27.3
52.7
25. 2
24.6
10.8
11.3

5.9
32.3
26 4

8.5
37.0
28 5

7.0
39.0
32 0

56
32.5
26 9

7.1
34.3
27 1

9.0
36.4
27 4

7.9
36.0
28 1

84
37.2
28 8

8.6
38.1
29 6

6 4
35.1
28 7

82
40.5
32 3

71
40.1
33 0

6.1
40.3
34 2

6 0
41.7
35 6

4.7
41.9
37 3

4.7
43.7
39.0

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

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

155.3
78.3
61.3
77.0

By major type of product:!
Final sales, total
Goods total
Durable goods
Nondurable goods
Services
Structures

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
335
132
203
262
74

1
7
2
5
0
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
311
122
189
242
69

5
4
4
0
7
4

634 4
318 8
125 0
193 8
247 1
68 5

636 8
316 9
122 o
195 0
251 1
68 8

651
324
127
196
254
72

4
3
7
6
3
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

735. 2

5.9
28
3.1

4.7
33
1.4

9.1
6 3
2.7

6.0
2 3
3.7

8.1
38
4.4

3.5
2 3
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
47
5.7

8.9
58
3.1

12.3
9.0
3.3

10.8

bil. $

551 0

580 0

614 4

554.7

562.1

569.7

578.1

585.0

587.2

600. 3

607.8

618.2

631.2

640. 5

643. 5

650. 7

do. _

353.3

373.8

396.2

356.1

357. 7

365.7

371.0

379.5

378.9

387.1

392.2

398.9

406. 5

412.8

412.2

. do
do
do

53.7
162 2
137 4

59.1
170 5
144 2

66.4
178 2
151 6

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

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

81
57
24
4

89 0
64 9
24 1
88

77.2
52 5
24 7
59

79.7
54 3
95 4
81

81.2
55 5
25 7
35

81.6
56 6
24 9
40

82
58
24
3

2
2
1
5

82.8
59 2
23 6
74

86.6
62 3
24 4
93

88.0
63 4
24 5
73

89.4
65 5
23 9
85

91.9
68 4
23 5
10 2

95.0
70.8
24 3
85

94.7
71.3
23 4
11 6

6 3

55

71

9 2

82

8 4

80

57

71

6 4

6 0

5.9

4.6

i in n
1flQ ^
'1
Federal _
do
57 8
59 5
57 8
59 6
58 7
State and local
do
53^4
50.1
56.3
50.4
50^9
••Revised.
p 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);

iinq

11 q q

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

do
do
do
do
do
do

Change in business inventories... _
Durable goods
Nondurable goods __

_ do
do
do _

GNP in constant (1958) dollars
Gross national product, totalf

_ _ _ _ _

Personal consumption expenditures, total
Durable goods.
Nondurable goods
Services _ _ _

_

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




_

do

94. 8

58
56
10Q fi

9
4
6
6

85

m

o

m

m

q

110 1
111 5
113 2
115 0
56 1
56 2
57 3
58 3
59 7
57 4
58 2
55.9
56.7
55.3
52.0
53.6
53.9
54.0
revisions prior to May 1965 for personal income appear on
the SURVEY,
9 In eludes data not shown separately.

120 4
116 6
118 3
61.9
60.4
59.3
58.5
57.9
57.3
p. 18 ff. of the July 1966 issue of

s-l

SUKVEY 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

1965

Annual total

I

II

1966

1965

1964

1963
IV

October 1966

IV

III

I

IV

III

II

I

II

Hip

IV

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
National income total f
bil $
C ompensation of employees total
do
Wages and salaries, total
do
Private
do
Military
do
Government civilian
•.
do
Supplements to wages and salaries
do
Proprietors' income total 9
do
Business and professional 9
do
Farm
do
Rental income of persons
_do
Corporate profits and inventory valuation adjustment total
bil $
By broad industry groups:
Financial institutions
do
Nonfinancial corporations total
do
Manufacturing total
do
Durable goods industries
do
Transportation, communication, and public
utilities
bil $
All other industries
do

481.9
341.0
311.1
251. 6
10.8
48.6
29.9
51.0
37.9
13.1
17.1

517.3
365. 7
333.6
269.3
11.7
52.6
32.0
51.9
39.9
12. 0
17.7

559.0
392.9
358.4
289.1
12.1
57.1
34.5
55.7
40.7
15.1
18.3

493.9
349.2
318.5
257.1
11.6
49.8
30.8
51.4
38.5
12.9
17.2

504.0
355.3
324.4
261.8
11.6
51.0
31.0
51.3
39.1
12.2
17.4

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

58.9

66.6

74.2

61.4

65.3

66.5

67.8

66.8

73.2

72.7

74.0

76.9

80.0

79.9

7.8
51.2
28.8
13.0
15.8

8.4
58.2
32.4
14.5
17.9

8.9
65.3
37.8
15.7
22.1

7.9
53.5
30.2
13.4
16.8

8.0
57.3
32.1
14.1
18.1

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

9.5
12.9
59.4
26.3
33.1
16.5
16.6
-.5
13.8

10.4
15.4
67.0
28.4
38.7
17.3
21.3
-.4
15.5

11.1
16.4
75.7
31.2
44.5
19.2
25.3
-1.5
17.8

9.8
13.5
62.7
27.8
34.9
16.8
18.1
-1.3
14.7

10.1
15.0
65.8
27.9
38.0
17.1
20.9
-.5
14.7

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

—3. 2
20.2

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

585.0
77.7
507.3
483.5
23.8

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
5.61
2.87
2.74
.33
.40
.75
1.60
1.26
2.83

15.29 115.64 2 17. 16
6.84
7.84
6.78
3.54
4.04
3.51
3.30
3.80
3.27
.36
.37
.40
.47
.54
.55
.97
.90
1.00
2.22
2.25
2.09
1.42
3.06 34.84 35.19

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

60.10 i 61. 60 2 63. 55
27.55
28.15
26.80
14.35
14.40
13.85
13.20
13.70
12.95
1.40
1.55
1.45
1.85
2.00
2.30
3.50
3.70
3.95
8.30
8.05
8.10
5.50
12.45 s 19. 66 3 19. 65

Corporate profits tax liability
do
Corporate profits after tax
do
Dividends
do
Undistributed profits _ . _ _
do ___
Inventory valuation adjustment _ _ _ _ _do
Net interest
do
DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income, total
_
_ _ bil. $
496.0 535.1 475.8 484.0
465.5
60.7
66.0
59.4
61.7
60.9
Less: Personal tax and nontax payments
do_ _
414.1
423.4
469.1
436.6
Equals" Disposable personal income
do
404.6
443.4
401.4
391.6
412.1
Less: Personal outlays©
do
384.7
22.0
22.5
25.7
Equals: Personal saving§
do
19.9
24.5
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
9.40
11.09
44.90 51.96
39.22
All industries
bil $
3.79
4.56
22.45
Manufacturing
do
15.69
18.58
1.93
2.31
9.43
11.40
7.85
Durable goods industries _ __
do
2.25
1.87
11.05
7.84
9.16
Nondurable goods industries
do
.26
.28
1.30
Mining
_ __ _
do
1.04
1.19
.32
.33
1.41
1.73
1.10
Railroad
_ __
_ do
.54
.51
2.81
1.92
Transportation, other than rail
do
2.38
6.22
6.94
1.61
1.18
5.65
Public utilities _ ....
do
1.06
.97
C ommunication
do
4.94
3.79
4.30
2.72
2.37
10.03
10.83 11.79
Commercial and other
do
Seas. adj. qtrly. totals at annual rates:
42.55
41.20
All industries
do
17.40
16.45
Manufacturing
do
8.85
8.30
Durable goods industries
do
8.15
8.55
Nondurable goods industries
do
1.05
1.15
Mining
do
1.40
1.35
Railroad __ _
do
2.10
2.30
Transportation, other than rail
do
5.95
5.80
Public utilities
do
4.05
4.05
Communication
do
10.25
10.45
Commercial and other
do
U.S. BALANCE OF INTERNATIONAL
PAYMENTSc?
Quarterly Data Are Seasonally Adjusted
(Credits +; debits — )
Exports of goods and services (excl. transfers under
9,112
32, 339
military grants)
mil $
36, 958 38, 993 8,564
6,156
5,949
22, 071
Merchandise, adjusted, excl. military
_do
25, 297 26, 276
198
145
844
Military sales
do
657
747
4,654
Income on U S investments abroad
do
5,392 5,901 1,183 1,402
1,356
1,287
Other services
do
4,957
5,522 5,972
-26,442 -28,468 -32, 036 -6, 784 -6, 850
Imports of goods and services
do
-16,992 -18,621 -21, 488 -4, 372 -4, 389
Merchandise, adjusted, excl. military_do
-740
-719
Military expenditures
do
-2, 936 -2,834 -2,881
-339
-352
-1,271 -1,404 -1,646
Income on foreign investments in the U.S__do
Other services
do
-5,243
5,609 -6, 021 -1,341 -1,382
Unilateral transfers, net (excl. military grants);
-683
-702
-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
1,222
-5
378
171
increase ( — )
mil $
Transactions in foreign assets in the U.S., net (U.S.
419
358
309
2,981
3,312
liabilities); increase (-f-)
mil $
299
143
133
2,292
2,627
Liquid assets
do
120
215
176
689
685
Other assets
do
-296
-429
161
-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 -1,337
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
-2, 044 -1,546 -1,305
official agencies; decrease ( — )
mil $
r
Revised.
p Preliminary.
1
Estimates for July-Sept. 1966 based on anticipat 3d capital expenditiires of biisiness.
2
Estimates for Oct.-Dec. 1966 based on anticipat ed capita expendit ures of Imsiness.
Anticipated expenditures for the year 1966 are as foliows (in bil. $): All in iustries, 60.86; ma nufacturing, total, 27.08; durable goods industries, 13 96; nondiarable go()ds indu stries, 1J .11;
mining, 1.46; railroad, 1.96; transportation, 3.62; puljlic utiliti es, 8.16; c Dmmerci al and o her
3
(incl. communication), 18.60.
Includes commun cation.




9,537 8,776 10, 136 10, 016 10, 065 10, 456
9,001 9,308
7,121
6,798
6,826
7,027
6,092 6,389 6,660 5,625
198
229
199
216
201
200
162
186
1,541
1,616
1,470
1,254
1,253
1,561
1,368
1,369
1,596
1,493
1,521
1,568
1,423
1,390
1,389
1,354
-7, 032 -7, 196 -7, 390 -7,164 -8, 087 -8, 245 -8,540 -8, 922
-4, 579 -4, 752 -4, 901 -4, 656 -5,481 -5, 595 -5, 756 -6, 003
-854
-701
-771
-683
-664
-745
-686
-725
-436
-404
-411
-372
-373
-458
-349
-344
-1,384 -1,409 -1,434 -1,471 -1,501 -1,494 -1,555 — 1,629

438.1
396.6
317.8
15.0
63.7
41.5
57.3
41.9
15.4
18.9

21.1

plO, 565
p7, 111
pi, 596
pi, 600
p-9,238
p-6,258
p-913
p-436
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

-471

-332

p-471

-717

-350

-694

-415

303

70

332
249
83
-152

719
547
172
-203

-552

-617

-671

-618

-367
842

68

41

271

424

p 68

1,842
1,532
310
-360

180
-145
325
0

-425
-294
-131
-109

242
493
-251
-240

312
61
251
-80

402
132
270
-268

p 979
p 89
p 890
p -66

-1,381

-697

226

-556

p-157

-151

-534

-332

239
232 -1,158
-845
-618
-326
-231
-246 p-186
fSe(} correspcmding n 3te on p. S-l.
9lricludes iiiventory valuation adjust ment.
0P ersonal c utlays comprise personal consum ption ex penditur es, intere st paid by consumei•s, and p srsonal ti-ansfer p.lyments to foreigilers.
§Pe rsonal sa ving is e)fcess of d isposable income over pen onal out lays.
dW :ore com plete det ails are g iven in t he quart erly revi BWS in tl" e Mar., Tune, Sept., and
Dec. i ssues of the SURV EY.

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