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SURVEY OF CURRENT BUSINESS

July 1968

11

NATIONAL INCOME AND PRODUCT TABLES
1967
1966

III

II

1967

1968

1967

IV

1966

II

1967

Seasonally adjusted at annual rates

III

IV

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

747. 6

789.7

772.2

780.2

795.3

811.0

831.2

850.8

657.1

673.1

665.7

669.2

675.6

681.8

692.7

Personal consumption expenditures

465.5

492.2

480.9

490.3

495.5

502.2

519.4

527.1

417.8

430.5

424.8

431.2

431.8

434.1

444.9

70.5
206.7
188.3

72.6
215.8
203.8

69.8
212.9
198.2

73.4
215.3
201.6

73.1
216.4
205.9

74.2
218.4
209.6

79.0
226.5
213.9

81.0
227.9
218.2

71.3
186.9
159.5

72.4
191.1
167. 0

70.1
190. 3
164.4

73.7
191.6
165. 9

72.6
191.1
168.1

73.0
191.6
169.5

77.3
196.5
171.0

120.8

114.3

113.0

107. 6

114.7

121.8

119.7

126.1

108. 8

99.5

99.8

94.2

99.3

104. 7

101.5

106.1

108.2

104.6

105.4

109.3

113. 5

117.6

117.7

94.9

93.6

91.8

92.0

94.0

96.7

99.5

_ _ _

81.3
28.5
52.8

83.6
27.9
55.7

83.5
29.0
54.5

82.7
27.2
55.5

83.3
27.7
55.6

85.0
27.7
57.3

88.6
29.6
59.0

87.6
28. 0
59.6

73.8
23.9
49.9

73.7
22.6
51.1

74.2
23.8
50.3

73.3
22.1
51.1

73.2
22.2
51.0

74.0
22.1
52.0

76.5
23.4
53 0

-

24.8
24.3

24.6
24.0

21. 1
20.5

22.7
22.1

26.0
25.4

28.5
27.9

29.1
28.5

30.1
29.5

21.1
20.7

19.9
19.5

17.6
17.2

18.7
18.2

20.8
20.3

22.7
22.2

23.0
22.6

13.9
14.1

8.0

2.3

7 9

21

4 0

0 4

3 0

0 0

5.2
45
.7
3 1

8.0

-.2

5.9
5.3
.6

I

Durable goods
Nondurable goods
Services

-

_

_ __

_

Gross private domestic investment
Fixed investment

- - -----

Nonresidential
Structures
_ _ _
Producers' durable equipment
Eesidential structures
Nonfarm
_
Farm

- __-_
•

_

.5

.6

.6

.6

.6

.6

.6

.6

.5

.5

.5

.5

.5

.5

5

14.7
14.9

-.2

6.1
5.6
.5

8.4
8.3
.0

51

4 3

52

n

2.0
16
4
•i

43.1
38.1

45. 8
41.0

45.5
40.3

45.5
40.4

46.1
40.6

46 0
42 6

47 5
46.0

49 4
47.4

40 1
36 1

41 8
39 3

41 4
38 5

41 7
38 9

42 1
39 i

41 9
40 9

44 0
44 1

__ __ 156. 2

178.4

173.1

177.3

179.6

183.5

190.5

195.6

126.5

140. 7

138 1

141 0

141.4

142 0

146 5

77.4
60.6
16.8

90.6
72.4
18.2

87.4
70.0
17.4

90.0
72.1
17.9

91.3
72.9
18.4

93.5
74.6
19.0

97.1
76.8
20.3

100.0
79.3
20.7

65 2

74.8

72 7

75 1

75 6

75 6

78 1

78.8

87.8

85.8

87.2

88.4

90 0

93.4

95.7

61 3

Change in business inventories
__
Nonfarm
Farm
_ _

Exports
Imports
Government purchases of goods and services
Federal
National defense
Other
State a n d local

_
.

_ _
_

__

_ _ _ _ _ _ _

701.7

2.3
2.2
.1

5.3
4.8
.6

8.3
7.1
1.2

2.1
1.6
.4

8.4
8.1
.3

.1

.2

67

1.3

_______
65 9

65 4

66 0

65 8

66 4

68 4

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

747.6

789.7

772.2

780.2

795.3

811.0

831.2

850.8

657 1

673 1

665.7

669.2

675.6

681.8

692 7

732.8
14.7

783.6

763 8

778 0

2.3

802.7

8.4

789. 9

8.3

829 1
21

842 5
8 4

643 2
13 9

667 2
59

657 7
80

666 9
2 3

670 4

673 8

8.0

690 7
2 0

382 2

396.9

389 9

394 1

398 9

404 8

414 9

355 9

361 0

357 2

360 3

361 9

364 4

370 4

367.5
14.7

390.8

381.5

391.8

393.6

396.5

412.8

342.0
13.9

355.1

349.2

358.1

356.7

356. 4

368.4

Durable goods
Final sales.....
Change in business inventories

156. 0
145 7
10.2

159.3
156 4
30

154.5
151 1
33

157.7
157 1

6

161.1
157 3
38

164.1
159 9

4.2

168 2
166 7
15

151 1
141 5
9 6

150 3
147 6
2 7

146.7
143 8
30

149.9
149 3

151.6
148 2
34

152.8
149.0

155.9
154 5

Nondurable goods
Finalsales
Change in business inventories.

226 3
221.8

4.5

237 6
234 5
31

235 4
230 4

50

236 4
234 7
17

237 8
236 2
16

240 7
236.6

246 7
246 1

204 8
200 5

210 5
205 5

5.0

210 5
208 8
17

210 2
208 5

211 6
207.5

214 5
213.9

43

210 7
207 5
32

288 0

314 8

306 3

310 9

317 5

324 7

330 4

236 4

249 6

246 1

247 8

251 2

253 2

255 1

77 3

77 9

76 1

75 3

78 8

81 5

OR Q

fil 8

CO K

62 3

61 1

62 5

64 2

67 2

Final sales

Change in business inventories
Goods output

__

FinalsalesChange in business inventories. .

Services
Structures

_ _

_

_

6.1

6.1

8.4

2.3

5.3

5.3

8.3

4.1

2.1

8.4

6

5.9

8.0

2.3
6

5.2

5.2

1.8

8.0

3.8

4.1

701.7

2.0
1.4
.6

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product...

Business
Nonfarm
Farm

_

Households and institutions

747 6

789 7

772 2

780 2

795 3

811 0

831 2

657 1

673 1

665 7

669 2

675 6

681 8

692.7

671 1

Private

704 8

690 4

696 7

709 8

722 3

740 3

CAO 1

614 0

607 9

610 6

616 0

621 7

631 8

646 7
622 0
24* 7

677 9
653 7
24 2

664 5
640 7
23 §

670 7
646 7
24 0

682 4
658 0
24 4

694 1
669 4
24 8

712 4
688 1
24 3

583 4
561 1
22 2

594 0
569 9
24 1

588 5
564 8
23 7

591 2
567 5
23 7

595 6
571 2
24 4

600 8
576 3
24 5

611 5
587 8
23 6
16 1

850 8

20 2

22 3

21 8

22 1

22 5

22 9

23 5

14 8

15 5

15 3

15 5

15 6

15 7

Rest of the world

4 2

4 6

41

4 0

50

5 3

4 4

40

4 5

41

39

49

5 2

43

General government

76 5

84 8

81 8

83 5

85 4

88 6

90 8

55 Q

59 0

57 8

58 6

59 6

60 1

60 9

p Preliminary.




701.7

July 1968

19

SURVEY OF CUEKENT BUSINESS

1.—Gross National Product and National Income
Table 1.1.—Gross National Product
1965

1964

1964

1965

1966

I

II

III

IV

632,410 684,884 747,568 789,663

617.7

628.0

638.9

Personal consumption expenditures. _
- . - 401,221 432,839 465,487 492,232

391.7

397.6

406.6 _ 408.9

Durable goods
Nondurable goods
Services

59, 237 66, 308 70, 459 72,647
178, 683 191, 059 206, 692 215, 754
163, 301 175, 472 188, 336 203, 831

Gross private domestic investment

I

II

III

IV

I

II

III

IV

I

57.9
174.6
159.2

59.6
175.9
162.1

60.7
181. 3
164.6

645.1

58. 7
182.9
167.3

IV

662.8

675.7

691.1

710.0

728.4

740.4

753.3

768.2

772.2

780.2

795.3

811.0

419.8

427.9

436.3

447.4

457.8

461.1

469.3

473,7

480.9

490.3

495.5

502.2

69.8
212.9
198.2

73.4
215.3
201.6

73.1
216. 4
205.9

74.2
218.4
209.6

65.4
184. 4
170.0

64.4
189.7
173.8

66.5
192.4
177.4

68.9
197.8
180.7

71.6
202.8
183.4

68.2
206.3
186.7

71.0
208.3
190. 0

71.1
209.3
193.3

113.0

107.6

114.7

121.8

104.6

105. 4

109. 3

113.5

82.7
27.2

83.3
27.7

85.0
27.7

90.8

93.4

94.2

97.9

105.3 105.3

108.7

113.2

116.8

121.0

119.9. 125.7

98, 519 106, 095 108,199

86.0

87.2

89.4

90.2

94.5

96.5

99.6

103.5

105.9

105.6

107.0

105.9

71,291
25,530

81,295
28,473

83, 640

27,899

58.3
20.4

60.1
21.1

62.4
21.4

63.4
21.8

67.1
23.4

69.5
25.1

72.4
25.8

76.2
27.8

78.6
28.6

79.8
28.1

82. 6
28.9

84. 2
28.2

83.5
29.0

88, 197

III
c

94, 032 108, 139 120,830 114,269

Fixed investment

II

Billions of dollars, seasonally adjusted at annual rates

Millions of dollars
Gross national product

1967

1966

1967

NonresidentiaL.- _.
Structures
Producers' durable
equipment

-- 61,071
39,893

45, 761

52, 822

55, 741

37.9

39.0

41.0

41.6

43.7

44.4

46.6

48.3

50.0

51.7

53.7

55.9

54.5

55.5

55.6

57.3

Residential structures
Nonfarm
Farm

27, 126
- . 26, 588
538
_..

27, 228
26, 707
521

24,800

24,559

24, 254
546

23, 978
581

27. 6
27.1
.6

27.1
26.6
.5

27.0
26.5
.5

26.8
26.3
•5

27.4
26.8
.5

27.0
26.4
•5

27.2
26.7
.5

27.4
26.9
.5

27.3
26.8
.5

25.8
25.2
.5

24.4
23.9
.6

21.7
21.1
.6

21.1
20.5
.6

22.7
22.1
.6

26.0
25.4
.6

28.5
27.9
.6

9, 620

14, 735
14, 919
-184

6,070
5,589

4.8
5.2
—.4

6.1
7.0

4.8
5.6
-.8

7.7
8.1
—.4

10.9
10.3
.6

8.9
8.1
.8

9.1
7.8
1.2

9.7
8.5
1.3

10.9
10.7
.2

15.4
15.4
.0

12.8
13.3
-.4

19.8
20.2
-.4

8.4
8.3
.0

2.3
2.2
.1

5.3
4.8
.6

8.3
7.1
1.2

21, 178

Change in business inventories
-.
Nonfarm
Farm
Net exports of goods and services

5,835
6,429

8,647

-594

973

481

8,462

6,901

5,080

4,768

8.9

7.8

8.7

8.5

6.2

8.1

7.3

6.0

6.0

5.2

4.5

4.5

5.2

5.1

5.4

3.4

37, 099

Exports
Imports

39, 196
32, 295

43,142

45, 756
40, 989

36.5
27.6

36.1
28.3

37.5
28.8

38.3
29.8

35.2
29.0

40.8
32.7

40,3
33.0

40.5
34.5

42.1
36.1

42.6
37.3

43.6
39.1

44. 2
39.7

45.5
40.3

45. 5
40.4

46.1
40.6

46.0
42.6

28,637

38, 063

Government purchases of goods
128,695 137,005 156,171 178,394
and services..Federal
National defense.
Other . . -

g

126.4

129.4

134.4

129.8

131.5

138.9

143.3

147.8

153.1

159.5

173.1

177.3

65, 166
- -. 49, 992
15, 174

66, 897
50, 134
16, 763

77, 390
60, 583
16, 807

90, 562
72, 390
18, 172

65.0
50.5
14.5

66.0
50.7
15.3

65.2
49.8
15.4

64.5
48.9
15.5

64.4
48.6
15.8

65.5
49.2
16.2

67.6
50.1
17.4

70.1
52.5
17.6

72.5
55.3
17.2

75. 6
58.6
17.0

79.9
63.0
16.9

81.5
65.4
16.1

87.4
70.0
17.4

90.0
72.1
17.9

91.3
72.9
18.4

93.5
74.6
19.0

63, 529

70, 108

78, 781

87,832

61.4

63.2

64.3

65.3

67.0

68.9

71.3

73.2

75.3

77.4

79.7

82. 7

85. 8

87. 2

88. 4

90.0

State and local

129.2

164.3

179.6

183.5

Table 1.2.—Gross National Product in Constant Dollars
[Billions of 1958 dollars]
1964

1964

1965

1966

1967

I

II

1965
III

IV

I

II

1967

1966
III

IV

I

II

III

IV

I

II

III

IV

^

Seasonally adjusted at annual rates
Gross national product

581.1

Durable goods
Nondurable goods _ _
Services... ...
.. . . . ..
Gross private domestic
investment

617.8

657.1

673.1

571.1

578.6

585.8

588.5

601.6

610.4

622.5

636.6

648.6

653.3

659.5

667.1

665.7

669.2

675.6

681.8

373.7

Personal consumption
expenditures

397.7

417.8

430.5

366.3

370.7

378.6

379.3

387.9

393.4

400.3

409.2

415.7

414.8

420.0

420.6

424.8

431.2

431.8

434.1

59.0
170.3
144. 4

66.6
178.6
152.5

71.3
186.9
159.5

72.4
191.1
167.0

57.6
167.0
141.7

59.3
167.8
143.6

60.4
172.8
145.3

58.7
173.5
147.1

65.1
174.0
148.7

64.3
177.8
151.3

67.1
179.4
153.8

69.8
183.3
156.1

72.9
185.5
157.3

69.2
186.9
158.7

71.8
187.8
160.4

71.4
187.5
161.7

70.1
190.3
164. 4

73.7
191.6
165.9

72.6
191.1
168. 1

73.0
191.6
169.5

108.8

99.5

85.3

87.3

87.6

90.8

96.9

96.8

99.6

103.4

107.4

112.3

93.6

80.5

81.2

82. 8

83.2

87.0

88.5

91.1

57.0
19.0

58.9
19.2

59.7
19.5

62.8
20.7

87.8

99.2

Fixed investment. _ _ _

81.9

90.1

94.9

Nonresidential
Structures. _ _
Producers' durable
equipment

57.8
19.1

66.3
22.3

73.8
23.9

73.7
22.6

55.5
18.6

38.7

44.0

49.9

51.1

36.9

37.9

39.8

40.3

Eesidential structures
Nonfarm_
' . .
Farm

24.2
23.7
.5

23.8
23.4
.5

21.1
20.7
.5

19.9
19.5
.5

25.0
24.5
.5

24.3
23.8
.5

23.9
23.4
.5

23.5
23.0
.5

5.8
6.4
-.6

9.0
8.1
.9

13.9
14.1
-.2

5.9
5.3
.6

4.8
5.1
-.3

6.1
6.9
-.8

4.8
5.5

7.6
8.0
-.4

Change in business
inventories .__ .
Nonfarm
FarmNet exports of goods and services. -.
Exports
Imports

.

Government purchases of goods and
services
Federal
State and local
310-336 O - 68 - 4




99.8

94.2

99.3

95.5

93.7

91.8

92.0

94.0

96.7

74.8
24.1

75.4
23.4

74.2
23.8

73.3
22.1

73.2
22.2

74.0
22.1

48.9

50.7

52.1

50.3

51.1

51.0

52.0

22.0
21.6
.5

20.7
20.2
.5

18.2
17.8
.5

17.6
17.2
.5

18.7
18.2
.5

20.8
20.3
.5

22.7
22.2
.5

14.7
14.8
.0

12. 0
12.4
-.5

18.6
19.1
-.5

8.0
7.9
.1

2.3
2.1
.2

5.2
4.5
.7

8.0
6.7
1.3

106.1

109.5

94.0

95.8

94.7

64.8
22.1

67.3
22.4

70.3
23.9

72.2
24.4

72.7
23.8

42.1

42.7

45.0

46.4

47.8

24.1
23.7
.5

23.7
23.2
.5

23.8
23.3
.5

23.8
23.3
.5

23.6
23.1
.5

10.0
9.4
.6

8.3
7.5
.8

8.6
7.4
1.2

9.3
8.2
1.2

10.3
10.2
.1

104.7

8.3

6.2

4.0

2.4

9.1

8.0

8.4

7.9

5.4

7.0

6.7

5.7

5.3

4.3

3.6

2.9

3.0

2.8

3.1

1.0

36.5
28.2

37.4
31.2

40.1
36.1

41.8
39.3

36.3
27.2

35.8
27.9

36.8
28.5

37. 2
29.3

33.7
28.3

39.0
32.0

38.4
31.8

38.6
32.9

39.9
34.5

39.7
35.4

40.4
36.8

40. 4
37.5

41.4
38.5

41.7
38.9

42. 1
39. 1

41.9
40.9

112.6

111.2

110.5

111.4

113.1

115.9

118.4

121.5

128.5

131.3

138.1

141.0

141.4

59.3
53.3

57.8
53.5

56.7
53.8

56.4
55.0

57.2
56.0

58.5
57.4

59.6
58.7

61.8
59.6

66.9
61.6

67.9
63.4

72.7
65.4

75.1
66.0

75.6
65.8

111.2

58.1
53.2

114.7

57.9
56.8

126.5

65.2
61.3

140.7

74.8
65.9

110.4

58.5
51.9

124.7

64.0
60.7

142.0

75.6
66.4

20

SURVEY OF CURRENT BUSINESS

July 1968

Table 1.3.—Gross National Product by Major Type of Product
[Billions of dollars]
IS 64

1964

1965

1966

1967

I

II

19 66

18 65
I

IV

III

III

II

IV

II

I

19(57
III

IV

I

II

III

IV

Seas(jnally a djusted at annu al rates
632.4

684. 9

747.6

789.7

617. 7

628.0

638.9

645.1

662.8

675.7

691.1

710.0

728.4

740.4

753.3

768.2

772.2

780.2

795.3

811.0

626.6
Final sales
Change in business inventor ies._ • 5.8

675.3
9.6

732.8
14.7

783. 6
6.1

612.9
4.8

621.9
6.1

634.1
4.8

637.4
7.7

651.9
10.9

666.8
8.9

682.1
9.1

700.3
9.7

717.5
10.9

725.0
15.4

740.4
12.8

748.4
19.8

763.8
8.4

778 0
2.3

789.9
5.3

802.7
8.3

349.7

Gross national product--

319.4

347.2

382.2

396.9

312.1

316.8

323.3

325.6

336.7

341.9

360.8

371.4

378.0

383.8

395.1

389.9

394.1

398.9

404.8

313.6
Final sales
Change in business inventories . 5.8

337.6
9.6

367.5
14. 7

390. 8
6.1

307.3
4.8

310.7
6.1

318 5
4.8

317.9
7.7

325.8
10.9

333.1 340. 7 351.1
8.9
9.1
9.7

360.5
10.9

362.6
15.4

371.0
12.8

375.3
19.8

381.5
8.4

391 8
2.3

393.6
5.3

396.5
8.3

Durable goods
- _ _ _ _ 127.0
122.8
Final sales
4.2
Change in business inventories _

139.6
133.0
6.7

156. 0
145.7
10.2

159.3
156.4
3.0

124.0
120.5
3.5

127.2
122.7
4.5

129.2
124 9
4.2

127. 8
123 3
4.5

137.6
129 2
8.4

136.9
129 9
6.9

140.9
134 1
6.8

143.2
138 5
4.6

150.8
143.3
7.6

152.1
142. 2
9.9

157.7
147.3
10.5

163.7
150.2
13.6

154.5
151.1
3.3

157. 7
157.1
.6

161.1
157.3
3.8

164.1
159.9
4.2

192.4
Nondurable goods
Final sales
_ _ _ _ _ 190.7
1.6
Change in business inventor ies.

207.6
204.7
3.0

226. 3
221.8
4.5

237.6
234.5
3.1

188.1
186.8
1.3

189.6
188.0
1.6

194.1
193.5
.6

197.9
194.7
3.2

199.1
196.6
2.5

205.1
203.1
1.9

208.8
206.5
2.3

217.6
212. 5
5.1

220.6
217. 3
3.3

225.9
220.4
5.5

226.1
223.7
2.4

231.4
225.1
6.3

235.4
230.4
5.0

236. 4
234.7
1.7

237.8
236. 2
1.6

240.7
236.6
4.1

-- 244. 2

262.9

288.0

314.8

237.9

242. 4

246.5

250.1

254. 6

260.0

265.8

271.0

277.5

284. 7

292.3

298.1

306.3

310.9

317.5

324.7

68.8

74.8

77.3

77.9

67.8

68.8

69.2

69.3

71.5

73.7

75.6

78.2

79.5

77.7

77.2

74.9

76.1

75. 3

78.8

81.5

Goods output

_ _ _ _ _ _ _

Services
Structures

_
__ _

Table 1.4.—Gross National Product by Major Type of Product and
Purchaser

Table 1.6.—Gross National Product by Major Type of Product and
Purchaser in Constant Dollars

[Billions of dollars]

[Billions of 1958 dollars]

. 1964

1965

1966

581.1

617.8

657.1

673.1

124.6
59.0
38.7
18.3
_
4.4
. . _ _ _ 4.1

136.5
66.6
44.0
16.8
2.7
6.5

151.1
71.3
49.9
19.0
1.3
9.6

150.3
72.4
51.1
23.4
.7
2.7

Nondurable goods
Personal consumption expenditures
Government purchases
Net exports
•
Change in business inventories _

184.1
170.3
10.6
1.5
1.7

194.2
178.6
12.3
.7
2.6

204.8
186.9
13.0
.7
4.3

210.7
191.1
16.4
.0
3.2

Services
Personal consumption expenditures
Government purchases
Net exports

Services
Personal consumption expenditures
Government purchases
Net exports
_ _• .

210.8
144.4
63.9
2.4

221.9
152.5
66.6
2.8

236.4
159.5
74.8
2.1

249.6
167.0
80.8
1.8

Structures
Private structures
Government structures

61.6
43.2
18.4

65.2
46.1
19.1

64.8
45.1
19.8

62.5
42.5
20.0

159.3
72 6
55.7
25 8
2 2
30

Durable goodsPersonal consumption expenditures
Producers' durable equipment

207.6
191.1
12 3
1.4
3.0

226.3
206.7
13 5
1.5
4.5

237.6
215.8
17 4
1.3
3.1

262.9
175.5
85.2
2.2

288.0
188.3
98 4
1.4

314.8
203.8
109 7
13

68.8
48.3
20.5

_' . . _•_
.-

789 7

156.0
70.5
52.8
20 3
2.2
10 2

192.4
178.7
10 2
1.9
1.6

- - - - _ _ _

747.6

139.6
66.3
45.8
17 5
34
6.7

244.2
1'63. 3
79.1
1.8

Nondurable goods Personal consumption expenditures
Government purchases
Net exports
_.
Change in business inventories

684.9

127.0
59.2
39.9
18 9
4 8
4 2

.._ .

1966

632.4

Gross national product
Durable goods
- Personal consumption expenditures
Producers' durable equipment
n-QVfvrnnip/nt purchases.
Net exports
Change in business inventories

1967

1964

1965

74.8
52.8
22.0

77.3
53.3
24.1

77.9
52 5
25 5

1967

Gross national product .-_ -.._. ._.

.-.- .

GoVPFnrnp.nt; piirP.Tiq.SPiS

Net exports.. . _. _ _
Change in business inventories

_

Structures - _
Private structures
..
Government structures _ _ .

.
._

.

.
_ . •_. _

Table 1.5.—-Gross National Product by Major Type of Product in Constant Dollars
[Billions of 1958 dollars]
19 64

1964

1965

1966

1967

I

II

1965
III

IV

I

II

19(37

1966
III

IV

I

II

III

IV

I

II

III

IV

Seas<Anally a djusted at annuial rates
Gross national product ..

581.1

617.8

657.1

673.1

571 1

578 6

585 8

588 5

601 6

610 4

622 5

636 6

648 6

653 3

659 5

667 1

665 7

669 2

675 6

681.8

Final sales
575. 2
Change in business inventories.
5.8

608.8
9.0

643.2
13.9

667.2
5.9

566.3
4.8

572.5
6.1

581.0
4.8

580.9
7.6

591.7
10.0

602.1
8.3

614.0
8.6

627.3
9.3

638.3
10. 3

638.5
14.7

647.6
12.0

648. 5
18.6

657.7
8.0

666.9
2.3

670.4
5.2

673.8
8.0

308.6

330.7

355.9

361.0

302.3

306 5

312 3

313 4

321 9

325 5

333 0

342 5

350 1

353 1

356 5

363 9

357 2

360 3

361.9

364.4

Final sales.
__ __ _ _
302.8
Change in business inventories. _ 5.8

321.7
9.0

342.0
13.9

355.1
5.9

297 5
4.8

300 5
6.1

307 5
4.8

305 7
7.6

312 0
10.0

317 2
8.3

324 4
8.6

333 2
9.3

339 8
10.3

338 4
14.7

344 6
12.0

345 4
18.6

349 2
8.0

358 1
2.3

356 7
5.2

356.4
8.0

Durable goods
124.6
Final sales.
120.4
4.1
Change in business inventories.

136.5
130.1
6.5

151. 1
141.5
9.6

150 3
147.6
2.7

121 7
118 3
3.4

124 9
120 5
4.4

126 6
122 5
4.1

125 0
120 6
4.4

134 3
126 1
8. 9
&

133 3
126 6
6.7

138 1
131 6
6.5

140 4
136 0
4.4

147 8
140 7
7.1

147 7
138 4
9.3

152 6
142 9
9.7

156 4
143 9
12.5

146 7
143 8
3.0

149 9
149 3
.6

151 6
148 2
3.4

152.8
149. 0
3.8

Nondurable goods
_ _ . 184.1
Final sales
182.3
Change in business inventories . 1.7

194.2
191. 6
2.6

204.8
200.5
4.3

210.7
207.5
3.2

180.6
179 2
1.3

181 6
180 0
1.6

185 7
185 0
.7

188 3
185 1
3.2

187 6
185 9
1.8

192 2
190 6
1.6

194 9
192 9
2.1

202 1
197 2
4.9

202 3
199 1
3.2

205 4
200 0
5.4

203 9
201 6
2.3

207 5
201 5
6.1

210 5
205 5
5.0

210 5
208 8
1.7

210 2
208.5
1.8

211.6
207.5
4.1

210 8

221 9

236 4

249 6

207 3

210 0

212 0

213 9

216 6

220 3

224 o

226 7

230 7

234 7

238 9

241 3

246 1

247 8

251 2

253 2

61.6

65.2

64 8

62 5

61 5

62 1

61 5

61 3

63 1

64 6

65 6

67 4

67 9

65 5

64 1

61 8

62 3

61 1

62 5

64 2

Goods output

Services
Structures _.




-.

CURRENT BUSINESS STATISTICS

J.HE STATISTICS here update series published in the 1967 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.50) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1963 through 1966 (1956-66 for major quarterly series), annually, 1939-66; for selected series,
monthly or quarterly, 1947-66 (where available). Series added or significantly revised after the 1967 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (f), respectively; certain revisions for 1966 issued too late for inclusion in the 1967 volume appear in the monthly
SURVEY beginning with the September 1967 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.
1965
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS

| 1966

1967

II

Annual total

III

IV

II

I

1968

1967

1966

1965

III

IV

I

II

I

III | IV

II v

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
Gross national product, total f

bil $

Personal consumption expenditures, total

'684 9

r 747 6 r 7897 T 675 7 T 691 i

r 710 0

r 728 4 r 740 4 ' 753 3 ' 768 2 ' 772 2 r 780 2 r 795 3 ' 811 0' 831 2 850 8

do

432.8

465.5

492.2

427.9

436.3

447.4

457.8

461.1

469.3

473.7

480.9

490.3

495.5

502.2

519.4

527.1

Durable goods, total 9 ___
_.
Automobiles and parts
Furniture and household equipment

do
do
do

66 3
30 3
26.9

70 5
30 4
29.8

72 6
30 4
31.4

64 4
29 7
25.9

66 5
30 3
27.1

68 9
30 6
28.9

71 6
31 8
29.3

68 2
28 9
29.0

71 0
30 3
30.4

71 1
30 5
30.4

69 8
28 1
31.1

73 4
31 2
31.2

73 1
31 0
31.4

74 2
31 4
31.8

79 o
34 g
33.3

81 0
35 3
33.9

Nondurable goods, total 9
Clothing and shoes _
.
Food and beverages—. _ _
Gasoline and oil

do
do
do
do

191 1
35 9
98 8
15 3

206
39
106
16

7
8
4
6

215 8
42 1
109 4
18 1

189 7
35 5
98 2
15 2

192 4
36 2
99 2
15 5

197 8
37 4
102 3
15 9

202 8
39 2
105 1
16 0

206 3
39 4
106 8
16 4

208
40
107
16

3
5
0
7

209 3
40 3
106 9
17 1

212 9
40 9
108 7
17 7

215 3
49 4
108 9
17 8

216 4 x
42 8
109 1
18 3

218 4
42 3
110 8
18 6

226 5
44 6
113 6
19 7

227 9
44 0
116 3
19 9

do
_do
do
do

175 5
25 6
63 5
12 6

188 3
27 1
67 3
13 6

203 8
29 0
70 9
15 0

173 8
25 4
63 0
12 4

177
26
64
12

4
0
0
8

180 7
26 4
65 1
13 2

183
26
66
13

4
2
0
3

186 7
26 9
66 8
13 6

190 0
27 5
67 6
13 6

193 3
27 8
68 8
13 8

198 2
28 1
69 7
14 7

201 6
28*7
70 4
14 8

205 9
29 2
71 2
15 1

209 6
29 9
72 2
15 5

213 9
30 3
74 0
16 2

218 2
31 1
75 1
16 3

do

108 1

120 8

114 3

105 3

108 7

113 2

116 8

121 0

119 9

125 7

113 0

107 6

114 7

121 8

119 7

126 1

do
do
do
do
do
do
do
do.

98 5
71 3
25 5
45.8
27 2
26 7
9.6
86

108 2
83 6
27 9
55.7
24 6
24 0
6.1
56

96 5
69 5
25 1
44.4
27 0
26 4
8.9
81

99 6
72' 4
25 g
46.6
27 2
26 7
9.1
78

103 5
76 2
27 8
48^3
27 4
26 9
9.7
85

105 9
78 6
28 6
50.0
27 3
26 8
10.9
10 7

105 6
79 8
28 1
5L7
25 8
25 2
15.4
15 4

107 0
82 6
28 9
53.' 7
24 4
23 9
12.8
13 3

105 9
84 2
28 2
55.9
21 7
21 1
19.8
20 2

104 6
83 5
29 0
54.5
21 1
20 5
8.4
83

105 4
82 7
27 2
55^5
22 7
22 1
2.3
22

109 3
83 3
27 7
55.6
26 0
25 4
5.3
48

113 5
85 0
27 7
57.3
28 5
27 9
8.3
71

117 6
88 6
29 6
59.0
29 1
28 5
2.1
16

117 7
87 6
28 0
59.' 6
30 1
29 5
8.4
81

do
do
do

6.9
39 2
32 3

106 1
81 3
28 5
52.8
24 8
24 3
14.7
14 9
/'
5.1
43 1
38 1

4.8
45 8
41 0

8.1
40 8
32 7

7.3
40 3
33 0

6.0
40 5
34 5

6.0
42 1
36 1

5.2
42 6
37 3

4.5
43 6
39 1

4.5
• 44 2
39 7

5.2
45 5
40 3

5.1
45 5
40 4

5.4
46 1
40 6

3.4
46 0
42 6

1.5
47 5
46 0

2.0
49 4
47 4

Govt. purchases of goods and services, totaL.do
Federal—
do
National defense
do
State and local
__ _
do

137.0
66 9
50 1
70 1

156.2
77 4
60 6
78 8

178.4
90 6
72 4
87 8

134.4
65 5
49 2
68 9

138.9
67 6
50 1
71 3

143.3
70 1
52 5
73 2

147.8
72 5
55 3
75 3

153. 1
75 6
58 6
77 4

159.5
79 9
63 0
79 7

164.3
81 5
65 4
82 7

173.1
87 4
70 0
85 8

177.3
90 0
72 1
87 2

179.6
91 3
72 9
88 4

183.5
93 5
74 6
90 0

190.5
97 1
76 8
93 4

195. 6
100 0
79 3
95 7

.

Services, total 9
- Household operation
Housing
Transportation
__ _
Gross private domestic investment, total
Fixed investment___-___
Nonresidential
Structures
Producers' durable equipment
Residential structures
Nonfarm... __
Change in business inventories
Nonfarm
Net exports of goods and services
Exports
Imports

By major type of product: f
Final sales, total
Goods, total, _
Durable goods _ _
Nondurable goods
Services
_
Structures _ _ _ _ _
Change in business inventories
Durable goods
Nondurable goods.
_ _

'675 3
337 6
133 0
204 7
262 9
74 8

do
do
do

_

_

do
do
do
do
do
do

'9.6
67
30

'732 8 '783 6 '666 8 '682 1 r 700 3 r 717 5 r 725 o r 740 4 ' 748 4 ' 763 8 ' 778 0
367 5 390 8
333 1 340 7
351 1 360 5
362 6
371 0
375 3 381 5
391 8
145 7 156 4
129 9
134 1 138 5
142 2
143 3
147 3
150 2
151 1 157 1
221 8 234 5
203 1 206 5
225 1 230 4
212 5 217 3 220 4
223 7
234 7
288 0 314 8
260 0
265 8
271 0
277 5
284 7
292 3
298 1 306 3 310 9
75 g
77 3
77 9
73 7
78 2
79 5
77 7
77 2
74 9
76 1
75 3
'14.7
10 2
4 5

'6.1
30
31

'8.9
69
19

'9.1
68
2 3

'9.7
46
51

'10.9
7 g
33

'15.4
99
55

'12.8
10 5
2 4

'19.8
13 6
63

'8.4
33
50

'2.3
6
17

r 789 9 ' 802 7
393 6
396 5
157 3
159 9
236 6
236 2
317 5 324 7
70 o
81 5
'5.3
38
16

'8.3
42
41

' 829 1 842 5
412 8
166 7
246 1
330 4
85 8

'2.1
15
6

8.4

GNP in constant (1958) dollars
Gross national product, total t

-

bil. $__ '617.8 ' 657. 1 ' 673.1 ' 610. 4 ' 622. 5 ' 636. 6 ' 648. 6 ' 653. 3 ' 659. 5 ' 687. 1 ' 665. 7 ' 669. 2 ' 675. 6 '681.8 ' 692. 7 701.7
do
397.7
417.8 430.5
393.4 400 3 409 2 415 7
420 0
414 8
420 6
424 8
434 1 444 9
431 2
431 8
Durable goods
do
71 3 72 4
66 6
64 3
67 1
69 8
72 9
69 2
71 8
71 4
70 1
73 0
77 3
73 7
72 6
Nondurable goods
do
178.6
186. 9 191.1 177.8
179.4
183 3
185 5
186 9
187 8
187 5
196.5
190 3
191 1
191 6
191 6
Services
do
158 7
165 9
152 5
159 5 167 0
151 3
153 8
156 1 157 3
160 4
171 0
161 7
164 4
169 5
168 1
Gross private domestic investment, total
do
99.2
108.8
99.5
96.8
99 6
103 4
107 4
112 3
106 1 109 5
104 7
101 5
94 2
99 8
99 3
95 5
94 Q
Fixed investment
_
do
95 8
92 o
90 1
94 9
88 5
93 6
91 1
94 0
94 7
99 5
93 7
91 8
96 7
Nonresidential
do
66 3
73 8
73 7
64 8
67 3
70 3
72 2
72 7
74 8
75 4
76 5
74 2
73 2
74 0
73 3
Residential structures
do
23 8
21 1
19 9
23 7
23 8
23 8
23 6
22 0
23 0
20 7
22 7
18 2
17 6
18 7
20 8
93
Change in business inventories
do_
52
9.0
13.9
59
83
86
10 3
12 0
2 3
20
14 7
18 6
80
80
57
53
Net exports of goods and services
_ do
29
6.2
28
40
24
70
67
— 1
43
36
10
30
31
Govt. purchases of goods and services, total.. do_ _
114.7
126.5 140.7
113.1 115 9
121 5
124 7
118 4
128 5
131 3
142 0
146 5
138 1
141 0
141 4
7K C
Federal
_
do
"TC 1
67 9
79 7
57 9
65 2
74 8
57 2
58 5
78 1
59 6
61 8
64 0
66 9
75 6
State and local
do
56.8
61.3
65^9
56.0
57.4
58.7
59.6
60.7
6L6
63^4
65.4
fifi.O
65.8
66^4
68.4
'Revised.
* Preliminary.
f Revised series. Estimates of national income and prodSURVEY for data beginning 1965); revisions prior to May 1967 for personal income appear
uct and personal income have been revised back to 1965 (see p. 19 fl. of this issue of the
on p. 28 ff. of this issue of the SURVEY.
9 Includes data not shown separately.
Personal consumption expenditures, total




&-1

SURVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS

1965

1966

| 1967

1966

1965

Annual total

III

July 1968

IV

I

1967
III

II

IV

I

II

1968
III

IV

I

II,

III

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

bil. $

_-

r 620. 8

r

652. 9

393.8

435.6

468.2

do
do
do _
do
do

358.9
289.6
12.1
57.1
35.0

do
do
- do __
do

Wages and salaries total
Private
Military
Government civilian
Supplements to wages and salaries
Proprietors' income, total 9
Business and professional 9
Farm
Rental income of persons

f 564. 3

do

Compensation of employees, total

Corporate profits and inventory valuation adjustment total
bil $
By broad industry groups:
Financial institutions
do
Manufacturing total
do
Nondurable goods industries
do
Durable goods industries
do
Transportation, communication, and public
utilities
bil $
All other industries
do
Corporate profits before tax total
rp
Ji ^ , . , ' , , .
^ ~
Dividends
Undistributed profits
Inventory valuation adjustment
Net interest

do
•,
do
do
do
do

r

' 615. 1 ' 626. 7 r 637. 3 ' 638. 6 ' 645. 1 r 656. 9 r 670. 9

' 688. 1

449.7

456.7

461.8

471.5

482.7

496.8

506.8

399.8
320.8
14.9
64.1
41.5

407.2
326.0
15.5
65.7
42.5

413.3
330.2
15.8
67.2
43.4

417.6
332.8
15.9
68.8
44.2

426.3
339.4
16.1
70.8
45.2

436. 4
346.0
17.1
73.3
46.2

448.3
355.7
17.5
75.2
48.4

457.4
362.7
17.8
76.9
49.4

60.8
44.7
16.1
19.7

60.2
44.7
15.5
19.9

60.2
45.2
15.1
20.0

60.1
45.7
14.4
20.1

60.5
46.1
14.4
20.2

61.2
46.6
14.6
20.4

61.1
46.8
14.3
20.5

61.8
47.2
14.6
20.7

62.6
47.8
14.8
20.9

82.7

83.4

84.2

85.3

79.5

79.6

80.2

82.3

83.8

9.8
72.8
42.9
18.5
24.4

10.2
73.2
42.6
18.8
23.8

10.4
73.8
42.7
19.0
23.6

10.4
74.9
43.3
18.8
24.5

10.3
69.2
39.3
18.3
21.0

10.2
69.5
39.1
17.9
21.2

10.3
69.9
38.5
17.9
20.6

10.6
71.7
39.9
18.0
21.9

11.0
72.9
41.3
19.0
22.3

11.8
17.4

11.8
18.1

12.1
18.5

12.1
19.0

12.0
19.6

11.7
18.1

11.8
18.6

12.0
19.4

11.9
20.0

12.5
19.0

82.6
33.3
49.3
21.0
28.4
-2.3
19.0

85.2
34.5
50.8
21.6
29.1
-2.6
19.8

85.6
34.6
51.0
21.9
29.1
-2.2
20.4

86.7
35.0
51.6
21.9
29.7
-2.5
21.1

85.0
34.4
50.7
21.6
29.1
.3
22.0

79.9
32.8
47.1
22.5
24.6

80.3
33.0
47.3
23.2
24.1
-.7
22.9

80.8
33.2
47.6
23.5
24.1
-.6
23.6

85. 4
35.1
50.3
22.5
27.9
-3.1
24.3

88.9
39.8
49.1
23.6
25.5
-5.1
25.0

-2.6
25.8

' 621. 6 r 633. 7 ' 645. 2 r 662. 7
80.1
83.6
85.6
88.3
559.6
574.4
550.0
541.5
516. 1 533.5
504.5
509.5
43.4
37.0
40.8
40.5

678.0
91.6
586.4
541.4
45.0

569. 1 r 586. 3

r 604. 0

397.0

408.5

420.6

430.8

441.4

394.6
316.9
14.6
63.1
41.1

423.4
337.1
16.3
70.0
44.8

361.7
291.9
12.1
57.8
35.3

372.4
299.9
13.1
59.4
36.1

381.0
306.7
13.6
60.6
39.6

390.2
314.0
14.2
62.1
40.5

57.3
42.4
14.8
19.0

60.7
44.8
15.9
19.8

60.7
46.3
14.4
20.3

58.0
42.8
15.2
19.1

59.3
44.0
15.2
19.3

61.5
44.5
16.9
19.5

76.1

83.9

80.4

76.5

80.3

8.7
67.4
39.3
16.6
22.8

10.2
73.7
42.8
18.8
24.1

10.3
70.1
39.2
18.0
21.2

8.8
67.7
39.4
16.7
22.7

9.6
70.7
41.5
17.2
24.2

11.1
16.9

12.0
18.8

11.8
19.0

11.3
16.9

77.8
31.3
46.5
19.8
26.7
17
18 2

85.6
34.6
51.0
21.7
29.3
-1.7
20.8

81.6
33.5
48.1
22.9
25.2
-1.2
23.3

77.6
31.2
46.3
20.2
26.1
-1.1
18.5

586. 8
75.3
511.6
478.6
32.9

r 628. 8
82.5
546.3
506.2
40.2

r 546. 1

65.3
480.8
448.5
32.3

558. 4 r 570. 4 ' 580. 3
74.7
70.4
66.7
505.5
500.0
491.6
474.2
459.8 470.5
31.4
29.5
31.8

A

22.2

24.4

DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
r

r

r

592. 1 ' 604. 5
79.2
76.8
515.4
525.4
482.5
487.3
32.9
38.1

bil $
do
do
do
do

r 538. 9
65.7
473.2
444.8
28.4

bil $
do
do
do

Personal income total
Less* Personal tax and nontax payments
Equals' Disposable personal income
Less* Personal outlays©
Equals' Personal saving §

51.96
22.45
11.40
11.05

60.63
26.99
13.99
13.00

61.66
26.69
13.70
13.00

13.41
5.73
2.91
2.82

14.95
6.72
3.48
3.24

12.77
5.61
2.87
2.74

15.29
6.78
3.51
3.27

15.57
6.84
3.54
3.30

17.00
7.75
4.07
3.68

13.59
6.10
3.08
3.02

15.61
6.81
3.46
3.34

15.40
6.48
3.33
3.15

17.05
7.30
3.82
3.48

14.28
5.79
2.96
2.82

1.30
1.73
2.81
6.94
4.94
11.79

1.47
1.98
3.44
8.41
5.62
12.74

1.42
1.53
3.88
9.88
5.91
12.34

.32
.44
.72
1.88
1.22
3.10

.35
.46
.73
2.04
1.41
3.25

.33
.40
.75
1.60
1. 26
2.83

.40
.55
1.00
2.09
1.42
3.06

.37
.48
.82
2.36
1.36
3.33

.38
.55
.86
2.36
1.58
3.52

.32
.41
.70
1.84
1.35
2.87

.34
.41
1.12
2.46
1.49
2.99

.37
.35
.98
2.66
1.46
3.09

.39
.36
1.07
2.92
1.62
3.39

.36
.37
.98
2.33
1.48
2.96

r 614.

8

80.5
534.2
494.6
39.7

NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
Manufacturing
Durable goods industries!
Nondurable goods industries!
Mining „ _
_ _ _
Railroad
Transportation, other than rail
Public utilities
_ _
_ _
Communication
Commercial and other

_ do
do
do
do
do
do

Seas. adj. qtrly. totals at annual rates:
All industries _•
_
Manufacturing
Durable goods industries'!
Nondurable goods industries!

do
do
do
do

52.75
23.00
11.75
11.25

55.35
24.15
12.45
11.70

58.00
25.60
13.15
12.45

60.10
26.80
13.85
12.95

61.25
27.55
14.35
13.20

62.80
27.75
14.50
13.25

61.65
27.85
14.20
13.70

61.50
27.00
13.75
13.25

60.90
26.15
13.50
12.65

62.70
26.00
13.50
12.55

64.90
26.35
13.65
12.70

Mining _
Railroad
Transportation, other than rail
Public utilities
Communication
Commercial and other

do
do
do
do
do
do

1.25
1.70
3.00
6.75
5.05
11.95

1.35
1.95
3.00
7.30
5.30
12.25

1.40
1.75
3.30
8.25
5.35
12.35

1.55
2.00
3.50
8.30
5.50
12.45

1.45
1.85
3.40
8.55
5.60
12.85

1.45
2.35
3.50
8.50
5.95
13.30

1.40
1.80
3.05
9.20
5.75
12.55

1.30
1.55
3.90
9.70
5.80
12.25

1.45
1.40
4.10
9.80
6.05
11.95

1.50
1.40
4.45
10.65
6.05
12.65

1.55
1.65
4.35
11.60
6.35
13.00

10,084
6,811
229
1,473
1,571

10,120
6,925
206
1, 345
1,644

10,528
7,188
200
1,478
1,662

10,645
7,179
219
1,537
1,710

10,912
7,369
205
1,589
1,749

11,059
7,440
205
1,648
1,766

11,371
7,661
335
1,594
1,781

11,377
7,703
336
1,556
1,782

11,513
7,626
245
1,827
1,815

116. 37 2 16. 73
7.02
6.97
3.68
3.63
3.34
3.34
.40
.34
1.04
2.90

.40
.34
1.16
2.92

34.71

34.88

11,496 »11, 867
7,478 p 7,924
?306
323
1,761
1,882
1,876
1,813

164.60 2 66. 05
28.30
27.65
14.90
14.45
13.40
13.20
1.55
1.30
3.65
11.40

1.60
1.35
4.75
10.75

319.00 3 19. 30

U.S. BALANCE OF INTERNATIONAL
PAYMENTScf
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants) __ _
_mil. $
Merchandise, adjusted, excl. military...
do
Military sales _
do
Income on U.S. investments abroad
do
Other services
do
Imports of goods and services

do

39,197
26, 244
830
5,894
6,229

43, 144
29, 176
829
6,252
6,887

45, 757
30, 468
1,239
6,859
7,191

-32,296 -38,063 -40,988 -8, 253 -8, 624 -9,020 -9, 336 -9, 778 -9,929 -10,078 -10,108 -10,154
-21,516 -25, 541 -26,991 -5, 568 -5, 782 -6,036 -6,263 -6,567 -6, 675 -6,686 -6,605 -6, 541
-962
-979 -1,072 -1,065 -1, 098
-872
-923
793
-761
-2,945 -3,736 -4,339
-575
-560
-560
-563
-556
-479
-469
-476
-430
— 1, 729 -2, 074 -2,293
-6,106 -6,712 -7,365 -1,494 -1. 580 -1,636 -1, 671 -1,693 -1,712 — 1, 760 -1, 878 -1,940

Military expenditures. _ _
do
Income on foreign investments in the U.S__do
Other services
do
Unilateral transfers, net (excl. military grants);
-680
-711
transfers to foreigners (— )
mil. $__ -2, 834 -2, 925 -3,075
r
Revised.
» Preliminary.
1
siness.
1
Estimates for Apr .-June 1968 based on anticipate( capital expendittires of bu
2
Estimates for July-Sept. 1968 based on anticip ated caj)ital expe nditures of busin ess.
Anticipated expenditures for the year 1968 are as folio vvs (in bi .$) : All in dustries, (55.78; ma nufacturing, total, 27.63; durable goods industries, 14.<10; nond arable go ods indu stries, 13 .24;
mining, 1.63; railroad, 1.44; transportation, 4.46; pub lie utilit es, 11.17; communi cation, 6 67;
3
commercial and other, 12.77.
Includes conununic jation.
fSee corresponding note on p. S-l.
9 Includes iiiventory valuation adjustaK int.




-10,648 -11,493
-7, 159 -7,840
-1, 104 -1,108
-650
-598
-1-787 p -1,895

-641 p -639
845
-859
-730
-647
-732
-701
-845
0P srsonal o utlays c omprise personal consurn]Dtion exijenditunjs, interest paid by consumer s, and p<jrsonal tr ansfer pa yments ;o foreign ers.
§Pe rsonal sa ving is ej cess of d sposable income }ver personal out ays.
HD£ita for in dividual durable and non durable j?oods inclustries c,omponerits appear in the
Mar., June, Se]pt., and ] Dec. issu 3S of the SURVEY.
c^M ore comp>lete deta ils are giv en in the quarter!y reviews> in the IVEar., Jun e, Sept., and Dec.
f.
issues of the SiJKVEY. I levised d ata back to 1960 appear on p. 32 fl of the Jrune 1968 issue.

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