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SUEVEY OF CUEEENT BUSINESS

8

November 1968

NATIONAL INCOME AND PRODUCT TABLES
1967
1966

1967

II

III

1968
IV

1967

II

III

1966

1967

II

Seasonally adjusted at annual rates

III

1968
IV

II

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

871.0

657.1

673.1

669.2

675.6

681.8

692.7

703.4

712.3

Personal consumption expenditures

465.5

492.2

490.3

495.5

502.2

519.4

527.9

541.1

417.8

430. 5

431. 2

431.8

434.1

444.9

447 5

455 7

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

85.1
232.7
223.4

71.3
186.9
159.5

72.4
191.1
167. 0

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

82.5
198 5
174.8

120.8

114.3

107.6

114.7

121.8

119.7

127.3

127.1

108.8

99.5

94.2

99.3

104.7

101.5

107.3

105.8

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

99 0

81.3
28.5
52.8

83.6
27.9
55.7

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

90.1
28.8
61.3

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

76.6
21.9
54.7

24.8
24.3
5

24.6
24.0
.6

22.7
22.1
.6

26.0
25.4
.6

28.5
27.9
.6

29.1
28.5
.6

29.5
28.9
.6

29.5
28.9
.6

21.1
20.7
.5

19.9
19.5
.5

18.7
18.2
.5

20.8
20.3
.5

22.7
22.2
.5

23.0
22.6
.5

22.9
22.5
.5

22.4
21.9
5

14.7
14.9
— 2

6.1
5.6
.5

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
.4

7.5
7.3
.1

13.9
14.1
—.2

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

6.8
6.6
.1

5.1

4.8

5.1

5.4

3.4

1.5

2.0

3.3

4.0

2.4

2.8

3.1

1.0

-.1

-.6

.7

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

52.6
49.4

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

47.6
46.9

156.2

178.4

177.3

179.6

183.5

190.5

195.7

199.6

126.5

140.7

141.0

141. 4

142.0

146.5

149.2

150.1

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

101.2
79.6
21.5

65.2

74.8

75.1

75.6

75.6

78.1

80.1

79.5

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

70.6

Durable goods.. __
Nondurable goods
Services

_ _
____

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
Government purchases of goods and services
FederalNational defense
Other

..

State and local

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

_

Final sales
C hange in business inventories _ _

789.7

780.2

732.8
14.7

783.6
6.1

778.0
2.3

795.3
789.9
5.3

811.0

831.2

852.9

871.0

657.1

673.1

669.2

675.6

681.8

692.7

703.4

712.3

690.7
2.0

693. 5
9.9

705. t
6.*

802.7
8.3

829.1
2.1

842.1
10.8

863.5
7.5

643.2
13.9

667.2
5.9

666.9
2.3

670.4
5.2

673.8
8.0

__

Final sales
Change in business inventories
Durable goods.. __
_
Final sales
Change in business inventories
Nondurable goods
Final sales... __ _ ___
Change in business inventories
Services.. _
^__

„ _ _ _

382.2

396.9

394.1

398.9

404.8

414.9

428.4

436.9

355.9

361.0

360.3

361.9

364.4

370.4

379.2

384.'

367 5
14 7

390.8
6.1

391 8
23

393.6
5.3

396.5
8.3

412 8
21

417.6
10.8

429.5
7.5

342.0
13.9

355.1
5.9

358.1
2.3

356.7
5.2

356.4
8.0

368.4
2.0

369.3
9.9

378. (
6.J

156.0
145 7
10.2

159.3
156.4
3.0

157.7
157 1
.6

161.1
157 3
3.8

164.1
159 9
4.2

168.2
166 7
1.5

175.3
169.1
6.2

180.0
175.1
4.9

151.1
141. 5
9.6

150.3
147.6
2.7

149.9
149.3
.6

151.6
148.2
3.4

152.8
149.0
3.8

155.9
154.5
1.4

161.2
155.6
5.6

164. <
160.,
4.^

226 3
221 8
45

237 6
234.5
31

236 4 237 8 240 7
234 7 236 2 236.6
16
41
17

246 7
246 1
6

253 1
248.5
4.6

256.9
254.4
25

204 8
200.5
43

210 7
207.5
3.2

210.5
208.8
1.7

210.2
208.5
1.8

211.6
207.5
4.1

214. 5
213.9
.6

218.0
213.7
4.3

219. {
217. '
2.<

288 0

Goods output.

Structures.

747.6

314 8

310 9

324 7

330 4

339.2

347.6

236 4

249.6

247.8

251.2

253.2

255.1

258.7

262.,

85.4

86.4

62.5

64.2

67.2

65.5

65.

681.8

692.7

703.4

712.3
649.7

77 3

77 9

75 3

317 5
78 8

81 5

85 8

64 8

62 5

61.1

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

747 6

789 7

780 2

795 3

811 0

831 2

852.9

871.0

657 1

673.1

669. 2

675.6

671 1

Private
_ _
_

Households and institutions _
Rest of the world
General government. .




704 8

696 7

709 8

722 3

740 3 759.9

775 0

602 1

614 0

610.6

616.0

621.7

631.8

641.6

646 7
622 0
24 7

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

745 8
720 3
25 5

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

628.6
604.6
24.0

20 2

22 3

22 1

22 5

22 9

23 5

24 2

24 2

14 8

15 5

15 5

15.6

15.7

16.1

16.3

16.2

42

4.6

40

50

53

44

4.9

50

40

4.5

3.9

4.9

5.2

4.3

4.8

4.9

76 5

84 8

83 5

85 4

88 6

90 8

93 0

96 0

55 0

59 0

58.6

59.6

60.1

60.9

61.8

62.6

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

1965
III

Annual total

IV

I

II

1968

1967

1966

III

| IV

I

II

III

IV

I

II

III

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
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

' 871. 0

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. 1

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

'85.1
38.1
'35.4

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
'47.2
' 117. 7
'20.0

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. 4
31.5
76.9
'16.8

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. 1

98.5
71.3
25 5
45.8
27.2
26.7
9.6
86

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
56

99.6
72.4
25 8
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
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
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

116.5
87.0
28.5
58.5
29.5
28.9
10.8
10.4

119.6
'90.1
'28.8
'61.3
'29.5
'28.9
' 7.5
'7.3

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

'3.3
' 52 6
'49.4

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

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

195.7
100.0
79.0
95.6

' 199. 6
' 101. 2
'79.6
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 5
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. 5
429 5
175 1
254 4
347 6
86 4

do
do
do

9.6
67
3.0

14.7
10 2
4.5

6.1
30
3.1

9.1
68
2.3

9.7
46
5.1

10 9
76
33

15 4
99
5.5

12 8
10 5
2 4

19 8
13 6
63

84
33
50

2 3
6
17

53
38
16

83
42
41

21
15
g

10. 8
62
4.6

'75
49
25

Gross national product, total f __

_ _

_

Personal consumption expenditures, total
Durable goods, total 9 _._
_
Automobiles a n d parts __ _ _ _ _ _ _
Furniture and household equipment
Nondurable goods, total 9
Clothing and shoes
Food and beverages
Gasoline and oil___

_

Services, total 9
Household operation
Housing.
Transportation

_ _ _ _ _

_ _

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

Change in business inventories
Durable goods
Nondurable goods

do_ _
do
do

___

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

-- bil. $

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 3

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

455 7

_

do
do
do

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

82 5
198 5
174 8

Gross private domestic investment, total

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

_ _

do

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

105 8

Fixed investment
Nonresidential
Residential structures
Change in business inventories

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

99 0
76 6
22 4
6.8

Net exports of goods and services

do

6.2

4 0

2 4

67

57

53

4.3

3. 6

2.9

30

2.8

31

10

— 1

-.6

7

Govt. purchases of goods and services, total _do
114.7
Federal
do
57 9
State and local
do
56.8
' Revised.
J> Preliminary.
f Revised series. Estimates of
uct and personal income have been revised back to 1965 (see




126.5 140. 7
65 2
74 8
61.3
65.9
national income
p. 19 ff. of the

118.4
115.9
59 6
58 5
57.4
58.7
and prodJuly 1968

124.7
141. 0
149. 2
128.5
131.3
138.1
141.4
142.0
146.5
150.1
72 7
64 0
66 9
75 1
78 1
80 1
67 9
75 6
75 6
79 5
59*. 6
60.7
6L6
63.4
65^4
66.0
65. 8
66.4
68.4
69.1
70.fi
SURVEY for data beginning 1965); revisions prior to May 1967 for personal income appear
on p. 28 ff. of the July 1968 SURVEY. 9 Includes data not shown separately.
121.5
61 8

Sr-l

SUEVEY OF CUKKENT BUSINESS

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

1965

1966

1967

I

II

1968

1967

1966

1965

IV

Annual total

November 1968

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
bil. $

586.3

604.0

615.1

626. 7

637.3

638.6

645.1

656.9

670.9

688.1

705.4

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

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 '469,
362.8 '370, <
18
17.8
77.0
71 , :
'50 .
49.4

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

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

P9I

8.7

10.3
70 1
39.2
18 0
21 2

9.6

67 4
39.3
16 6
22 8

10.2
73 7
42.8
18 8
24 1

9.8

17 2
24 2

72 8
42.9
18 5
24 4

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

*1J
p 70

4L5

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

79.9
32.8
47.1
22.5
24.6

80.3
33.0
47.3
23.2
24.1

-.4

-.7

80.8
33.2
47.6
23.5
24.1

22.0

22.2

22.9

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

bil. $
do
do
do
do

538.9
65 7
473 2
444.8
28.4

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

'694.3
' 101. 6
' 592. 7
' 555. 6
'37.1

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

U6.44
6.66
3.32
3.33

do
do
do
do
do
do

Proprietors' income total 9
Business and professional 9
Farm
Rental income of persons

652.9

do
do
do
do

Wages and salaries, total
Private
Military _ _ _ _ _
_
Government civilian
Supplements to wages and salaries

620.8

do
do
do
do
do

Compensation of employees, total

564.3

do

National income, totalf

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

.34
.41

.36
.38

.38
.34
1.23
2.98

.38
.43
1.30
3.00

34.84

35.04

Corporate profits and inventory valuation adjustment, total
bil. $
By broad industry groups:
Financial institutions _
do
Nonfinancial corporations total
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
Corporate profits tax liability
Corporate profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Net interest

do
do
do
do
do
do
do

70 7

.3

-.6

722.0
r

519. 7

;

63.4
48.0
15.4
21."

P92.2
P41.3
P51.0
25.2
P25.8
'-1.0

26.7

DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income, total
_
Less' Personal tax and nontax payments
Equals' Disposable personal income
Less: Personal outlays©
Equals: Personal saving§
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries __ _
Manufacturing
Durable goods industries!
Nondurable goods industriesl
Mining
Railroad _ _ _ _ _
Transportation, other than rail
Public utilities
Communication
Commercial and other

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

._

.38
.55

.32
.41

.39
.36

.36
.37

.82
2 36
1 36
3.33

.86
2.36
1 '58
3.52

.70
1.84
1 35
2.87

1.12
2.46
1.49
2.99

.37
.35

1.00
2.09
1 42
3.06

.98
2.66
1.46
3.09

1.07
2.92
1.62
3.39

.98
2.33
1.48
2.96

1.04
2 97
1 51
3.14

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

do
do
do
do
do
do

.37
.48

.75
1.60
1 26
2.83

55.35
24.15
12.45
11.70

Seas. adj. qtrly. totals at annual rates:
All industries
_ do
Manufacturing
do
Durable goods industries^. __ _ _ __
do
Nondurable goods industries!
do

.33
.40

.40
.55

.73
2.04
1 41
3.25

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

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

2

17. 75
7.60
3.91
3.69

164.90 2 65. 15
26.80
27.15
13.45
13.75
13.35
13.40

1.55
1.35
5.05
11.00

1.45
1.60
5.30
11.00

3 19. 15 318.70

BALANCE OF INTERNATIONAL
PAYMENTS:?

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

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

219

1 537
1,710

11, 860 Pl2, 478
7,924 p 8, 302 P 8,845
P362
306
1,742 p 1, 916
1,888 p 1, 898

Imports of goods and services
do
—32,296 —38, 063 -40, 988 -8, 624 -9, 020 -9,336 -9, 778 -9, 929 -10,078 -10,108 -10,154 -10,648 -11,504 p 11, 986
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 r-7,867 '-8,322 p-8, 575
-962
-979 -1,072 -1,065 -1,098 -1,104 -1,110 p- 1,143
—872
—923
—793
Military expenditures
do
—2 945 —3 736 —4 339
9 074
—660 p —695
—560
—560
—598
563
—575
476
479
556
469
2 293
Income on foreign investments in the U S do
1 7"?9
Other services
do
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
—6 106
Unilateral transfers, net (excl. military grants);
-641
-642 p -712
-859
-732
-647
^730
-845
-845
-680
-701
transfers to foreigners C— ) _ _
mil. $ -2, 834 -2. 925 -3.075
r
©Personal 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.
IfData 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;
cf More 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;
commercial and other, 12.56.
3 includes communication.
issues of the SURVEY. Revised data back to 1960 appear on p. 32 ff. of the June 1968 issue.
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