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SUEVEY OF CUEEENT BUSINESS

8

October 1968

NATIONAL INCOME AND PRODUCT TABLES
1967
1966

1967

II

III

1968

IV

II

1967

III

1966

1967

II

Seasonally adjusted at annual rates

III

1968

II

IV

III

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

780.2

795.3

811.0

831.2

852.9

870 8

657.1

673.1

669. 2

675.6

681 8

692 7

703 4

Personal consumption expenditures

465.5

492.2

490.3

495.5

502.2

519.4

527 9

541 3

417 8

430 5

431 2

431 8

434 1

444 9

447 5

70.5
206.7
188.3

72.6
215.8
203.8

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
228.2
218.7

85.3
232.7
223.3

71.3
186.9
159.5

72.4
191.1
167.0

73.7
191.6
165.9

73.0
72.6
191.1 191.6
168. 1 169.5

77.3
196.5
171.0

78 9
196.1
172. 6

120.8

114.3

107.6

114.7

121.8

119.7

127.3

127.4

108.8

99.5

94.2

99.3

104.7

101.5

107.3

106. 1 108.2

105.4

109. 3

113.5

117.6

116 5

119.6

94.9

93.6

92.0

94.0

96.7

99 5

97 4

Durable goods
Nondurable goods
Services

- --

__ -

_

Gross private domestic investment
Fixed investment
Nonresidential _
Structures _ _
_
Producers' durable equipment
Residential structures
Nonfarm
_
Farm

81.3
28.5
52.8

_-

-

-

82.7
27.2
55.5

83.3
27.7
55.6

85.0
27.7
57.3

88.6
29.6
59.0

87.0
28.5
58 5

90.2
28.4
61.8

73.8
23.9
49.9

73.7
22.6
51.1

73.3
22.1
51.1

73.2
22.2
51.0

74.0
22.1
52.0

76.5
23.4
53.0

74.5
22.1
52.4

24.6
24.0

22.7
22.1

26.0
25.4

28.5
27.9

29.1
28.5

29.5
28.9

29.4
28.8

.6

21.1
20.7

19.9
19.5

18.7
18.2

20.8
20.3

22.7
22.2

23.0
22.6

.5

.5

.5

22.9
22.5

.6

13.9
14.1

5.9
5.3
.6

2.3
2.1
.2

5.2
4.5
.7

8.0
6.7
1.3

2.0
1.6
.4

9.9
9.6
.4

,5

.6

-

14.7
14.9

2.3
2.2
.1

5.3
4.8
.6

8.3
7.1
1.2

2.1
1.6
.4

10.8
10.4

—.2

6.1
5.6
.5

.4

7.7
7.6
.1

--

Change in business inventories
Nonfarm
Farm

5.1

4.8

5.1

5.4

3.4

1.5

2.0

2.6

4.0

2.4

2.8

3.1

1.0

43.1
38.1

45.8
41.0

45.5
40 4

46.1
40.6

46.0
42.6

47.5
46 0

49.9
47 9

50.8
48.2

40.1
36 1

41.8
39.3

41.7
38.9

42.1
39.1

41.9
40.9

44.0
44.1

44.7
45.4

____

Net exports of goods and services
Exports..
Imports

83.6
27.9
55.7

24.8
24.3

-_

.

712 0

__

.6

.6

.6

.6

.5

—.2

.5

.5

.5

-.6

156.2

178.4

177. 3

179. 6

183.5

190.5

195.7

19?V5

126.5

140.7

141. 0

141.4

142.0

146.5

149.2

Federal
National defense
Other

77.4
60.6
16 8

90.6
72.4
18 2

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
79.0
21 0

101.1
79, 7
21.4

65.2

74.8

75.1

75.6

75.6

78.1

80.1

State and local

78 8

87 8

87.2

88.4

90.0

93 4

95 6

98.4

61.3

65.9

66.0

65.8

66.4

68.4

69.1

Government purchases of goods and services

_ -

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
747.6

789.7

780.2

795.3

811.0

831.2

852.9

870.8

657.1

673.1

669.2

675.6

681.8

692.7

703.4

732 8
14.7

783 6

778.0

802.7

673.8

693.5

5.9

2.3

5.2

8.0

690.7

2.1

643.2
13.9

670.4

5.3

863 1

666.9

2.3

842.1
10.8

667.2

8.3

829 1

6.1

789.9

2.0

9.9

382 2

396 9

394 1

398.9

404.8

414 9

428 4

355.9

361.0

360.3

361.9

364.4

370.4

379.2

Final sales
___
Change in business inventories

367.5
14.7

390.8

391.8

393.6

396.5

368.4

369.3

2.1

342.0
13.9

5.9

2.3

5.2

356.4

8.3

417.6
10.8

358. 1 356.7

5.3

412.8

355.1

2.3

Durable goods.
Final salesChange in business inventories

156.0
145 7
10.2

159.3
156 4

157.7
157 1

161.1
157 3

164.1
159 9

168.2
166 7

175.3
169 1

149.9
149.3

151.6
148.2

152.8
149.0

161. 2
155.6

2.7

.6

3.4

3.8

155.9
154.5

6.2

150.3
147.6

1.5

151.1
141 5

Nondurable goods
Final sales _
Change in business inventories

226. 3
221 8
45

237.6
234 5

236.4
234 7

240.7
236.6

204.8
200.5

210.7
207.5

210.2
208.5

211.6
207. 5

214.5
213.9

218. 0
213.7

1.7

4.1

4.3

3.2

210.5
208.8

1.6

246.7
246 1

253.1
248.5

3.1

237.8
236 2

1.7

1.8

4.1

.6

4.3

288 0

314 8

310 9

317 5

324 7

330 4

339.2

236 4

249 6

247.8

251.2

253.2

255.1

258.7

77 3

77 9

75 3

78 8

81 5

85 8

85 4

64 8

62 5

61.1

62.5

64.2

67.2

65.5

Gross national product
Final sales
Change in business inventories

_.

_ .

Goods output -

Services .
Structures. __

6.1
3.0

.6

3.8

4.2

.6

7.7

7.7

9.6

4.6

8.0

2.0

1.4

712.0

9.9

5.6

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
747.6

Households and institutions
Rest of the world
General government..- _„
'Preliminary.




._

780.2

795.3

811.0

831. 2

852.9

657.1

673.1

669.2

675.6

681.8

692.7

703.4

704 8

696.7

709.8

722.3

740 3

759.9

602 1

614.0

610.6

616.0

621.7

631.8

641.6

646 7
622 0
24 7

Business
________
Nonfarm
___
Farm
_

789.7

671 1

Gross national product
Private

677 9
653 7
24 2

670 7
646 7
24 0

682 4
658 0
24.4

694 1
669 4
24.8

712 4
688 1
24 3

730 8
706 1
24 7

583 4
561 1
22 2

594 0
569 9
24 1

591 2
567.5
23.7

595.6
571.2
24.4

600.8
576.3
24.5

611.4
587.8
23.6

620.5
596.2
24.3

20.2

22.3

22.1

22.5

22.9

23.5

24.2

14.8

15.5

15.5

15.6

15.7

16.1

16.3

42

46

4.0

5.0

5.3

4.4

4.9

4 0

4.5

3.9

4.9

5.2

4.3

4.8

76 5

84 8

83 5

85.4

88.6

90 8

93 0

55 0

59 0

58.6

59.6

60.1

60.9

61.8

870 8

712.0

CURRENT BUSINESS STATISTICS

JLHE 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
III

Annual total

1966

1965

IV

I

II

1968

1967

III

IV

I

II

| III

IV

I

|

II

|

III 9

Seasonally adjusted quarterly totals at annual rates

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

bil $

684.9

747.6

789.7

691.1

710.0

728.4

740.4

753.3

768.2

772.2

780.2

795.3

811.0

831.2

852.9

870.8

Personal consumption expenditures, total

do

432.8

465.5

492.2

436.3

447.4

457.8

461.1

469.3

473.7

480.9

490.3

495.5

502.2

519.4

527.9

541.3

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

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

79.0
34.6
33.3

81.0
35.4
33.9

85.3
38.1
35.5

do
do
do
_ .do

191.1
35.9
98.8
15.3

206.7
39.8
106.4
16.6

215.8
42.1
109.4
18.1

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

208.3
40.5
107.0
16.7

209.3
40.3
106.9
17.1

212.9
40.9
108.7
17.7

215.3
42.4
108.9
17.8

216.4
42.8
109.1
18.3

218.4
42.3
110.8
18.6

226.5
44.6
113.6
19.7

228.2
44.8
116.4
19.4

232.7
47.0
118.1
20.1

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

177.4
26.0
64.0
12.8

180.7
26.4
65.1
13.2

183.4
26.2
66.0
13.3

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

218.7
31.0
75.4
16.3

223.3
31.5
76.9
16.7

Gross private domestic investment, total

do

108.1

120.8

114.3

108.7

113.2

116.8

121.0

119.9

125.7

113.0

107.6

114.7

121.8

119.7

127.3

127.4

Fixed investment
Nonresidential „
Structures
_ _
Producers' durable equipment
Residential structures
Nonfarm _
Change in business inventories... _
Nonfarm

do
do
do
do
do
do
do
do

98.5
71.3
25.5
45.8
27.2
26.7
9.6
8.6

106.1
81.3
28.5
52.8
24.8
24.3
14.7
14.9

108.2
83.6
27.9
55.7
24.6
24.0
6.1
5.6

99.6
72.4
25.8
46.6
27.2
26.7
9.1
7.8

103.5
76.2
27.8
48.3
27.4
26.9
9.7
8.5

105.9
78.6
28.6
50.0
27.3
26.8
10.9
10.7

105.6
79.8
28.1
51.7
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
8.3

105.4
82.7
27.2
55.5
22.7
22.1
2.3
2.2

109.3
83.3
27.7
55.6
26.0
25.4
5.3
4.8

113.5
85.0
27.7
57.3
28.5
27.9
8.3
7.1

117.6
88.6
29.6
59.0
29.1
28.5
2.1
1.6

116.5
87.0
28.5
58.5
29.5
28.9
10.8
10.4

119.6
90.2
28.4
61.8
29.4
28.8
7.7
7.6

do
do
do

6.9
39.2
32.3

5.1
43.1
38.1

4.8
45.8
41.0

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
49.9
47.9

2.6
50.8
48.2

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

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 A

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

195.7
100.0
79.0
95.6

199.5
101.1
79.7
98.4

By major type of product: f
Final sales, total
Goods, total
_
Durable goods
_ ..
Nondurable goods
_
Services. _
Structures
_ __ _

do
do
do
do
do
do

675.3
337.6
133.0
204.7
262.9
74.8

732.8
367.5
145.7
221.8
288.0
77.3

783.6
390.8
156.4
234.5
314.8
77.9

682.1
340.7
134.1
206.5
265.8
75.6

700.3
351.1
138.5
212.5
271.0
78.2

717.5
360.5
143.3
217.3
277.5
79.5

725.0
362.6
142.2
220.4
284.7
77.7

740.4
371.0
147.3
223.7
292.3
77.2

748.4
375.3
150.2
225.1
298.1
74.9

763.8
381.5
151.1
230.4
306.3
76.1

778.0
391.8
157.1
234.7
310.9
75.3

789.9
393.6
157.3
236.2
317.fi
78.8

802.7
396.5
159.9
236.6
324.7
81.5

829.1
412.8
166.7
246.1
330.4
85.8

842.1
417.6
169.1
248.5
339.2
85.4

863.1

do
do
do

9.6
6.7
3.0

14.7
10.2
4.5

6.1
3.0
3.1

9.1
6.8
2.3

9.7
4.6
5.1

10.9
7.6
3.3

15.4
9.9
5.5

12.8
10.5
2.4

19.8
13.6
6.3

8.4
3.3
5.0

2.3
.6
1.7

5.3
3.8
1.6

8.3
4.2
4.1

2.1
1.5
.6

10.8
6.2
4.6

7.7

617.8

657.1

673.1

622.5

636.6

648.6

653.3

659.5

687.1

665.7

669. 2

675.6

681.8

692.7

703.4

712.0

397.7

417.8

430.5

400.3

409.2

415.7

414.8

420.0

420.6

424.8

431.2

431.8

434.1

444.9

447. 5

66.6
178.6
152.5

71.3
186.9
159.5

72.4
191.1
167.0

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

77.3
196. 5
171.0

78.9
196.1
172.6

Nondurable goods, total 9
Clothing and shoes .
Food and beverages..- _ _ _
Gasoline and oil
Services, total 9
_
Household operation
Housing
Transportation

_

.

Net exports of goods and services _.
Exports
Imports
_ _

Change in business inventories
Durable goods
Nondurable goods
._ _
GNP in constant (1958) dollars
Gross national product, total \

bil. $__

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

_

_.
_

.

do
do
do

Gross private domestic investment, total... do
Fixed investment
Nonresidential...
Residential structures
Change in business inventories—
Net exports of goods and services

99.2

108.8

99.5

99.6

103.4

106.1

109.5

107.4

112.3

99.8

94.2

99.3

104.7

101.5

107.3

do
do
do
do

90.1
66.3
23.8
9.0

94.9
73.8
21.1
13.9

93.6
73.7
19.9
5.9

91.1
67.3
23.8
8.6

94.0
70.3
23.8
9.3

95.8
72.2
23.6
10.3

94.7
72.7
22.0
14.7

95.5
74.8
20.7
12.0

93.7
75.4
18.2
18.6

91.8
74.2
17.6
8.0

92.0
73.3
18.7
2.3

94.0
73.2
20.8
5.2

96.7
74.0
22.7
8.0

99.5
76.5
23.0
2.0

97.4
74.5
22.9
9.9

do

6.2

4.0

2.4

6.7

5.7

5.3

4.3

3.6

2.9

3.0

2.8

3.1

1.0

Govt. purchases of goods and services total do
Federal
_
do
State and local
do

114.7
57.9
56.8
T
Revised.
9 Preliminary.
f Revised series. Ej timates <}f
uct and personal income have been revised back to 1965 (se e

126.5 140.7
118.4
115.9
65.2
74.8
58.5
59.6
61.3
65.9
57.4
58.7
nation il incorrie and pr odp. 19 f f . o f t Vle July 1968

-.6

149.2
146.5
142.0
121.5
124.7
128.5
141.4
131.3
141.0
138.1
80.1
78.1
75.6
61.8
64.0
66.9
67.9
75.1
75.6
72.7
69.1
68.4
66.4
63.4
59.6
60.7
61.6
66.0
65.8
65.4
SURVl Y for data begin nmg 196,5); revisi ons prioi to May 1967 for persona1 income appear
on p. 528 ff. of t he July 1L968 SUR VEY.
$> Include s data no t shown separate iy.

s-l
319-915 O - 68 - 3




October 1968

SUEVEY OF CUREENT BUSINESS

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

1965

1966 | 1967

Annual total

1965
IV

I

II

1968

1967

1966
III

IV

I

II

IV

III

I

II

III*

IV

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT-Con.
Quarterly Data Seasonally Adjusted at Annual Rates
National income totalf
Compensation of employees total
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

bil $

564.3

620.8

652.9

586.3

604.0

615.1

626.7

637.3

638.6

645. 1

656.9

670.9

688.1

705.4

do

393.8

435.6

468.2

408.5

420.6

430.8

441.4

449.7

456.7

461.8

471.5

482.7

496.8

507. 1

519.5

do
do
do
do
do

358.9
289.6
12.1
57.1
35.0

394. 6
316.9
14.6
63.1
41.1

423.4
337. 1
16.3
70.0
44.8

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

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

457.6
362.8
17.8
77.0
49.4

468.6
370.6
18.9
79.1
50.8

do
do
do
do

57.3
42.4
14.8
19.0

60.7
44.8
15.9
19.8

60.7
46.3
14.4
20.3

59.3
44.0
15.2
19.3

61.5
44.5
16.9
19.5

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

63.4
48.0
15.4
21.0

76.1

83.9

80.4

80.3

82.7

83.4

84.2

85.3

79.5

79.6

80.2

82.3

83.8

89.2

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

11.2
77.9
44.9
19.7
25.2

Corporate profits and inventory valuation adjustment total
bil $
By broad industry groups:
Financial institutions
do

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

9.6
70.7
41.5
17.2
24.2

9.8
72.8
42.9
18.5
24.4

10.2
73.2
42.6
18.8
23.8

11.1
16.9

12.0
18.8

11.8
19.0

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

12.5
20.6

77.8
31.3
46.5
19.8
26.7
-1.7
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

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
-.4
22.2

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

91.8
41.1
50.7
24.4
26.3
-2.7
25.8

-1.1
26.7

Personal income, total
bil. $ _ 538.9
65.7
Less: Personal tax and nontax payments _ _ _ do _
473.2
Equals: Disposable personal income _
do
444.8
Less: Personal outlays©
_ __
_
do
28.4
Equals: Personal saving§
_
do_ _

586.8
75.3
511.6
478.6
32.9

628.8
82.5
546.3
506.2
40.2

558.4
66.7
491.6
459.8
31.8

570.4
70.4
500.0
470.5
29.5

580.3
74.7
505.5
474.2
31.4

592.1
76.8
515.4
482.5
32.9

604.5
79.2
525.4
487.3
38.1

614.8
80.5
534.2
494.6
39.7

621.6
80.1
541.5
504. 5
37.0

633.7
83.6
550.0
509.5
40.5

645.2
85.6
559.6
516.1
43.4

662.7
88.3
574.4
533.5
40.8

678.1
91.9
586.3
542.3
44.0

694.0
101.4
592.6
555.8
36.8

Manufacturing, total
do
Nondurable goods industries
do
Durable goods industries
do
Transportation, communication, and public
utilities
bil $
All other industries
do
Corporate profits tax liability
Corporate profits after tax
Dividends
.:
Inventory valuation adjustment
Net interest

do
do
do ___
do
do

25.2

DISPOSITION OF PERSONAL INCOME f
Quarterly Data Seasonally Adjusted at Annual Rates

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

bil. $
do
do
do_ _

51 96
22.45
11.40
11.05

60.63
26.99
13.99
13.00

61.66
26.69
13.70
13.00

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

15.90
6.50
3.22
3.28

do
do
do
do
do
do

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

.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

.36
.38
1.04
2.97
1.51
3.14

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

62. 75
25.80
12.80
13.00

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

1.40
1.45
3.65
11.65
5.90
12.90

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

11,496
7,478
323
1,882
1,813

11, 860
7,924
306
1,742
1,888

Pl2, 478
p 8, 302
*>362
p 1, 916
p 1,898

Seas. adj. qtrly. totals at annual rates:
All industries. _
_ _ do
Manufacturing
do
Durable goods industries^!
do
Nondurable goods industries!
do
Mining
Railroad _
_
Transportation, other than rail_ _
Public utilities
Communication
Commercial and other

116.44 2 17. 75
6.66
7.60
3.32
3.91
3.33
3.69

do
do
do
do
do
do

.38
.34
1.23
2.98

.38
.43
1.30
3.00

34.84

35.04

164.90 2 65. 15
26.80 27.15
13.75
13.45
13.35
13.40
1.55
1.35
5.05
11.00

1.45
1.60
5.30
11.00

3 19. 15 3 18. 70

U.S. BALANCE OF INTERNATIONAL
PAYMENTSd"
Quarterly Data Are Seasonally Adjusted
(Credits -f; 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

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

9 929 -10,078 -10,108 -10,154 -10,648 -11,50 * 11, 986
Imports of goods and services
do
-32,296 -38,063 -40, 988 -8, 624 -9, 020 9 0OC -9, 778
Merchandise adjusted excl military
do
-21,516 -25, 541 -26, 991 -5, 782 -6, 036 -6,263 -6, 567 -6, 675 -6,686 -6, 605 -6,541 -7, 159 -7,837 p-S, 293
-962
-979 -1,072 -1,065 -1,098 -1, 104 -1,110 p—l, 143
Military expenditures
do
-872
-793
-923
-2, 945 -3,736 -4,339
-660 p -695
-598
-560
-560
-575
-469
-563
-479
-556
476
Income on foreign investments in the U.S__do
-1, 729 -2, 074 -2,293
Other services
do
-6,106 -6,712 -7,365 -1,580 -1, 636 -1,671 -1,693 1,712 -1,760 -1,878 -1,940 -1, 787 -1,897 p-1,855
Unilateral transfers, net (excl. military grants);
-642 P -712
-641
-859
-845
-730
-732
-701 -647
transfers to foreigners (-)
_ mil. $ -2, 834 -2, 925 -3,075
-680
-845
r
ePersonal outlays comprise personal consumption expenditures, interest paid by conRevised.
p Preliminary.
1
sumers, and personal transfer payments to foreigners
Estimates for July-Sept. 1968 based on anticipated capital expenditures of business.
2
§Personal saving is excess of disposable income over personal outlays.
Estimates for Oct.-Dec. 1968 based on anticipated capital expenditures of business.
•jfData for individual durable and nondurable goods industries components appear in the
Anticipated expenditures for the year 1968 are as follows (in bil.$): All industries, 64.37; manuMar., June, Sept., and Dec. issues of the SURVEY.
facturing, total, 26.55; durable goods industries, 13.42; nondurable goods industries, 13.13;
cfMore complete details are given in the quarterly reviews in the Mar., June, Sept., and Dec.
mining, 1.49; railroad, 1.52; transportation, 4.55; public utilities, 11.29; communication, 6.42;
issues of the SURVEY. Revised data back to 1960 appear on p. 32 ff. of the June 1968 issue.
commercial and other, 12.56. 3 Includes communication.
fSee corresponding note on p. S-l.
9 Includes inventory valuation adjustment.




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