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SUBVEY OF CURRENT BUSINESS

August 1975

NATIONAL INCOME AND PRODUCT TABLES
1974
1973

1974

I

II

1975
III

IV

1974
II

I

1973

1974

I

II

Seasonally adjusted at annual rates

1975

III

IV

I

II

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)
1, 294. 9 1, 397. 4 1, 358. 8 1, 383. 8 1,416.3 1, 430. 9 1,416.6 1,439.7

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

...

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

_-.

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

804.0

780 0

783. 1

895.8

913 2

938.6

552 1

539.5

539 7

542 7

547.2

528 2

531 5

539.7

130.3
338.0
336 9

127.5
380.2
369.0

123 9
364.4
352 4

129.5
375.8
363 8

136.1
389.0
376.2

120.7
391.7
383.5

124 9
398.8
389 5

130.6
410.1
397.9

113 6
228.6
209 9

103.1
223.7
212.6

105 2
223 9
210 6

106 8
223 6
212 2

107 8
225.8
213 7

92 8
221.4
214 1

95 2
222 5
213 7

97 9
226.4
215 5

209.4

210.5

211.8

205.8

209.4

163.1

148.1

138.1

126.7

133.3

130 3

122.7

120 5

89 3

80.7

195.2

193 6

198 3

197.1

191.6

182.2

179.1

127.3

118.0

122 7

122 2

117.7

109.6

101 0

97.8

149.2
52.0
97.1
46.0
45.2
.7

145 2
51.3
93.9
48 4
47.8
.7

149 4
52.2
97.2
48 8
48.0
.8

150.9
51.0
99.9
46.2
45.4
.8

151.2
53.7
97.5
40.4
39.7
.7

146 9
52.8
94.2
35 3
34.8
.5

142.7
49.1
93.6
36.4
35.6
.8

94 4
25.4
69.0
32 9
32.6
.3

94.0
26.2
67.8
24.0
23.6
.4

96 3
26 7
69.7
26 4
26.0
.4

96 5
26 6
69 9
25 7
25 3
.4

94.1
25.4
68.7
23.6
23.1
.4

89 2
26.1
63.1
20.4
20.1
.4

83 8
25 2
58.6
17 3
17.0
.2

80.3
23.5
56.8
17.5
17.1
.4

15.4
11.4
4.0

14.2
11.9
2.3

16.9
13.1
38

13.5
10.4
31

8.7
6.6
21

17.8
17.5
.3

-19.2

—1.4

-31.0
-30.6
-.4

10.8
8.9
18

8.7
7.4
1.2

10.6
8.7
18

82
6.4
18

5.0
3.9
1.1

10.9
10.7
.2

-11.7
-10.9
— 8

-17. 1
-16. 8
— 2

2.1

11.3

-1.5

-3.1

1.9

8.8

15.0

4.6

9.0

11.5

8.2

7.3

9.1

11.6

13.4

100.4
96.4

140.2
138.1

131.2
119.9

138.5
140.0

143.6
146.7

147.5
145.7

142.2
133.4

135.1
120.1

66.6
62.0

71.9
62.9

73.3
61.8

73 4
65.1

70.9
63.6

69.9
60.9

66.5
54.9

62.9
49.5

276.4

309.2

296.3

304.4

312.3

323.8

331 6

338.1

144.4

146.0

146.0

145.8

145.9

146.3

147 7

149.2

106.6
74.4
32 2
169.8

Gross private domestic investment

823.1

901.3

3.9

.

827 1

869.1

136 8
47.0
89.8
57 2
56.7
.5

..

830 5

840.6

194.0

Durable goods
Nondurable goods _ - . _ . .
Services

821.2

876.7

209.4

-

839.2

805.2

Gross national product .
Personal consumption expenditures

116.9
78.7
38.2
192.3

111 5
75.8
35 7
184.8

114.3
76.6
37 7
190.1

117.2
78.4
38.8
195.1

124.5
84.0
40.6
199.3

126 5
84.7
41 8
205 1

128.4
84.8
43 6
209.7

57.3

56.5

56.3

56.3

56.5

57.0

57.4

58.3

87.0

89.5

89.7

89.5

89.4

89.3

90.2

90.9

If

Q

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

1, 294. 9 1, 397. 4 1 358 8 1 383.8 1,416.3 1 430 9 1 416.6 1,439.7

Gross national product
Final sales
Change in business inventories

839.2

821.2

830 5

827 1

823.1

804.0

780 0

783.1

1,279 6 1 383 2 1 341 9 1 370 3 1 407 6 1 413 1 1 435 8 1 470 7
15.4
14.2
16 9
17.8 —19 2 —31.0
8.7
13 5

828 4
10.8

812.5
8.7

819 9
10.6

818 9
82

818. 1
5.0

793 1
10.9

791 8
-11.7

800.2
-17.1

622.7

670.3

651 9

664 9

681.7

682 6

667 0

680.5

459.1

442 8

449 1

448 9

446.0

427.1

408.3

411.1

Final sales
Change in business inventories

607 3
15.4

656.1
14.2

635 0
16 9

651 3
13 5

673 0
8.7

664 8
17.8

686 1
—19 2

711 5
—31 0

448 3
10.8

434 1
8.7

438 5
10.6

440 8
82

441.0
5.0

416.3
10.9

420 1
-11.7

428.2
-IT. 1

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

250 3
240.9
9.4

256.9
249.2
7.7

251 0
242 3
8.7

246 6
248 5
—1.8

265.5
259.8
5.7

264.5
246.2
18.3

239 5
252 9
-13.4

247 0
261 7
— 14.7

206 0
198.5
7.5

195.9
191.0
4.9

200 2
194.3
5.8

195 4
196.6
-1.2

200.2
196.6
3.6

188.0
176.7
11.3

167.5
176.1
-8.6

169.7
177.8
-8.1

Nondurable goods
Final sales
Change in business inventories

372.4
366 5
6.0

413.4
406.9
6.5

401 0
392 8
82

418 2
402 9
15 4

416.2
413.2
3.0

418.1
418.6
—.5

427 5
433 2
—5 7

433 5
449 8
— 16 3

253.1
249 9
3.3

246.9
243.1
3.8

248.9
244 2
4.7

253.6
244 2
9.4

245.8
244.4
1.4

239.2
239.6
-.4

240.8
244.0
-3.2

241.4
250.3
-9.0

Goods output

Services.

534.4

590.3

569 7

579 2

597.8

614 5

620 9

634 0

304.5

310.9

310 7

308.3

310.7

313.7

312.2

314.5

Structures

137 8

136 8

137 1

139 7

136.7

133 9

128 8

125 2

75 5

67 5

70 7

69 8

66.4

63.2

59 5

57.5

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product..
Gross domestic product
Business
Nonfarm.
Farm
Households and institutions..
General government..
Federal..
State and local
Rest of the world
Addendum: Gross private product.

1,416. 31, 430. 9 1,416.6 1,439.7

839.2

821.2

830.5

827.1

823.1

804.0

780.0

783.1

1,286.5 1,385.6 1,344.0 1,374.1 1,405.2 1,418.9 1,409.4 1,432.6

833.9

816.9

823.5

824.1

819.8

800.0

777.7

780.8

1,096. 8 1,177. 8 1,143.1 1,168.8 1,195.7 1,203.6 1,189. 2 1, 207. 8
1,040.3 1,124.1 1,082. 6 1,117. 8 1,144.4 1,151.5 1,142. 9 1,159. 9
52.1
56.5
53.8
51.3
60.5
46.3
47.9
51.1

753.1
725.8
27.4

733.8
706.3
27.5

740.9
713.9
27.0

741.4
712.7
28.7

736.6
708.0
28.6

716.5
690.8
25.7

693.5
666.0
27.5

696.0
669.6
26.5

1,294.9 1,397.4 1,358.8 1,383.8

41.3

47.0

44.6

46.5

48.0

48.8

50.0

51.1

18.5

18.9

19.1

18.8

18.9

18.8

18.9

19.1

148.5
52.8
95.7

160.8
55.7
105.1

156.3
54.8
101.5

158.8
55.0
103.9

161.6
55.3
106.3

166.5
57.9
108.7

170.2
58.1
112.2

173.7
58.2
115.6

62.3
21.3
41.0

64.1
21.1
43.0

63.5
21.1
42.3

63.9
21.1
42.8

64.2
21.0
43.2

64.8
21.0
43.7

65.2
21.0
44.3

65.7
20.9
44.8

8.4

11.9

14.7

9.7

11.1

12.0

7.2

7.1

5.2

4.3

7.0

3.0

3.3

4.0

2.3

2.3

1,146.5 1,236.6 1,202.5 1,225.0 1,254.7 1,264.4 1,246.4 1,266.0

776.9

757.1

767.0

763.2

758.8

739.2

714.8

717.5

HISTORICAL STATISTICS
THE national income and product data for 1929-63 are in The National Income and Product Accounts of the United States, 1929-1965,
Statistical Tables (available at $1 from Commerce Department District Office or the Superintendent of Documents; see addresses inside front
cover). The July 1974 SURVEY has data for 1970-73. Prior July issues have fully revised data as follows: 1969-70, July 1973; 1968-69, July
1972; 1967-68, July 1971; 1966-67, July 1970; 1965-66, July 1969; 1964-65, July 1968. BEA will provide on request a reprint of the fully
revised data for the years 1964-69.




CURRENT BUSINESS STATISTICS

J.IIE STATISTICS here update series published in the 1973 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURHEXT BUSINESS. That volume (available from the Superintendent of Documents for $5.15) provides a description of each series, references
to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 19G9 through 1972 (1962-72 for major quarterly
series), annually, 1947-72; for selected series, monthly or quarterly, 1947-72 (where available). Series added or significantly revised after the 1973
BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively; certain revisions for 1972 issued too late for
inclusion in the 1973 volume appear in the monthly SURVEY beginning with the August 1973 issue. Also, unless otherwise noted, revised monthly
data for periods not shown herein corresponding to revised annual data are available upon request.
The sources of the data are given in the 1973 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and
are also listed alphabetically on pages 189-90, 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.
1972

Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes areas shown in
the 1973 edition of BUSINESS STATISTICS

1972

1971

1973

11

III

IV

I

II

1975

1974

1973
III

I

IV

II

Ill

i

| IV

A n n u a l total

| n

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS— Quarterly Series
N A T I O N A L I N C O M E A N D PRODUCTf
bil. $. . 1,158.0

Gross national product, total t

1,294.9

1,397.4

1,143.0

1,169.3

1,204.7

1,248.9

1,277.9

1,308.9

1,344.0

1,358.8

1,383.8

1,416.3

729.0

805.2

876.7

720.6

736.8

757. 2

781.7

799.0

816.3

823.9

840.6

869.1

901. 3

Personal consumption expenditures, total.. do

1,430.9 1,416.6 '1,439.7

895. 8

913.2

r

r 130. 6

938. 6

Durable goods total 9
-do .
Automobiles and parts
do_.
Furniture and household equipment --do ...

118.4
53.1
48.7

130.3
57.5
55.0

127.5
49. 7
58.8

116.2
51.5
47.9

121.2
55.3
49.3

124.3
56.4
50.7

132.4
60.4
54.3

132.1
59.2
54.9

132.4
59.3
55.5

124.3
51.2
55.4

123.9
48.0
57.5

129.5
50.6
59.5

136.1
56. 2
60.4

120.7
43.7
57.8

124.9
46.8
57.9

Nondurable goods total 9
Clothing and shoes
Food and beverages
Gasoline and oil

9

99 7
63.0
143.7
25.0

338. 0
70.2
165.' 1
28.3

380.2
74.1
187.7
35.9

297.4
62.5
142.4
24.5

302.0
63.7
144.7
25. 1

310.9
66.0
148. 5
25.8

323.3
69.1
155. 9
26.8

332. 7
70.1
160.9
28.0

343.8
70.6
169.1
28.7

352.1
70.9
174.5
29.8

364.4
72.8
180.1
31.5

375.8
74.4
183.5
36.8

389. 0
75.7
191.3
37.9

391. 7
73.7
196. 0
37.5

398.8
76.2
201.4
37.8

' 410. 1
'78. 7
r 204. 8
'39.6

do
do
do
do

310.9
43.3
107. 9
21.8

336. 9
47.3
116.4
23.4

369.0
52. 9
126.4
26. 1

307.0
42.6
106.9
21.6

313.6
43.9
108. 9
21. 9

322.0
45. 5
110.7
22.3

325. 9
45.6
113.1
22.8

334.2
46.6
115. 6
23.1

340. 1
48.3
117.0
23.6

347.4
48.7
119.7
24.1

352.4
49.2
12° 2
25"! 0

363.8
51.7
124. 9
25. 6

376. 2
54.6
127.7
26.5

383.5
56.0
130.9
27.1

389. 5
57.0
134.1
28.1

' 397. 9
' 59. 5
r
136. 6
28.8

Gross private domestic investment, total-.-do

163.1

' 148. 1

do
..do.. _
do
do

Services total9
Household operation
Housing
_ __
Transportation

'49.4
'60.7

179.3

209.4

209. 4

175.5

182.1

190.2

199.0

205.1

209.0

224.5

210.5

211.8

205.8

209. 4

do
do
do
do
do
do
do
__do _

170.8
116.8
41.1
75. 7
54.0
53.4
8.5
7.8

194.0
136.8
47.0
89.8

56!?
15.4
11.4

195. 2
149. 2
52.0
97. 1
46.0
45.2
14.2
11.9

167.6
114.7
41.0
73.7
52.9
52. 3
8.0
7.0

171.9
117.5
40.6
76.8
54. 5
53.9
10.2
9.6

179.2
122. 5
42. 2
80.' 3
56.7
56.2
11.0
10.4

189.0
130. 5
44.6
85.9
58. 5
58.0
10.0
6.5

194.4
135. 6
46.2
89.4
58.7
58.4
10.7
7.7

197.1
139.0
47.9
91.1
58.1
57.6
11.8
7.4

195. 5
141. 9
49.3
92.6
53.6
53.0
28.9
24.0

193.6
145. 2
51.3
93.9
48.4
47.8
16.9
13.1

198.3
149. 4
52. 2
97.2
48.8
48.0
13.5
10.4

197. 1
150. 9
51. 0
99. 9
46. 2
45. 4
8.7
6.6

191.6
151.2
53.7
97. 5
40.4
39. 7
17.8
17.5

do
do
do _

-6.0
72.4
78.4

3.9
100.4
96.4

14o! 2
138.1

-6.9
68.8
75. 7

-4.8
73.3
78.1

-5.3
78.5
83.8

-.8
88.8
89.5

.5
95.4
94.9

6.7
103.7
96. 9

9.3
113.6
104. 3

11.3
131.2
119.9

-1.5
13S.5
140.0

-3.1
143.6
146.7

1.9
147.5
145.7

8.8
142. 2
133. 4

' 15. 0
' 135. 1
' 120. 1

255. 7
104.9
74.8
150.8

276.4
106.6
74.4
169.8

309.2
116.9
78.7
192. 3

253. 8
105. 9
75. 9
147. 9

255. 1
102. 7
72.6
152.4

262.6
105. 2
74.7
157.4

269. 0
106.4
75. 0
162. 6

273.3
106.2
74.0
167.1

276.9
105. 3
73.3
171.6

286.4
108.4
75.3
177. 9

296.3
111.5
75.8
184. 8

304.4
114.3
76.6
190. 1

312. 3
117.2
78.4
195. 1

323.8
124. 5
84.0
199.3

331.6
126. 5
84.7
205.1

' 128.4
'84. 8
r
209. 7

do
do
do
do
do
do

Fixed investment
Nonresi dential
Structures
Producers' durable equipment
Residential structures
Nonfann
Change in business inventories
Nonfarm

1,149.5
535. 2
214.3
321. 0
488.1
126. 1

1,279.6
607.3
240. 9
366.5
534. 4
137.8

1,383.2
656. 1
249. 2
406. 9
590. 3
136.8

1,135.1
529. 4
210. 6
318. 9
481. 5
124. 1

1,159.1
541. 0
218. 3
322. 7
492. 4
125.6

1,193.7
556. 2
223.6
332. 6
506. 5
130. 9

1,238.9
585. 8
237. 8
3 17. 9
516.0
137. 1

1,267.2
600. 9
211.2
359. 7
528. 3
138.0

1,297.0
618. 0
2 13. 9
374. 2
540.2
138.8

1,315.1
624. 7
210.6
384.1
553. 2
137.2

1,341.9 1,370.3
651.3
635. 0
248. 5
242. 3
402. 9
392. 8
579. 2
569.7
137.1
139. 7

1,407.6
673. 0
259. 8
413. 2
597.8
136.7

1,413.1
664. 8

.do
do
do

8.5
7.1
1.4

15.4
9.4
6.0

14.2

8.0
5.8

10.2
6.8
3.4

11.0
13.2
2 o

10.0
6.1
3.9

10.7
7.7
3.0

11.8
9.0
2.9

28.9
14.8
14.1

16.9
8.7
8.2

13.5
-1.8
15.4

8. 7
5. 7
3.0

17.8
18.3
—.5

79° 5

839.2

821.2

786.6

798.1

814.2

832.8

837.4

840.8

845.7

830.5

827.1

823.1

804.0

780.0

' 783. 1

539.7

542.7

547. 2

528. 2

531.5

' 539. 7

107.8
225. 8
213. 7

92. 8
221.4
214. 1

95. 2
222. 5
213. 7

' 97. 9
' 226. 4
' 215. 5

Net exports of goods and services.
Fxports
Imports

Govt. purchases of goods and services, total -do
Federal
do_._
National defense
do
State and local
do
By major type of product:f
Final sales, total
G oods , total
Durable goods
Nondurable goods
Services
Structures
Change in business inventories
Durable goods
Nondurable goods

G!S

4is!o

614. 5
133. 9

182.2 ' 179. 1
146. 9 ' 142. 7
52.8
' 49. 1
94.2
' 93. 6
36.4
35.3
'35.6
34.8
-19.2 ' -31.0
-17.8 ' -30.6

r 338. 1

1,435.8 '1,470.7
686.1 '711.5
252. 9 ' 261. 7
433.2 ' 449. 8
620. 9 r 634. 0
128. 8 r 125.2

-19.2 ' -31.0
-13.4 ' -14.7
-5.7 ' -16.3

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

bil. $._

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

.. .. -. .- _do
do
do ...

Gross private domestic i n v e s t m e n t , total.. .do

527. 3

552. 1

539. 5

523.2

552.9

531. 2

553.7

555. 4

546.3

104. 9
220. 2
202. 2

113.6
228. 6
209. 9

103.1
223.7
212. 6

103.0
219. 8
200. 4

106.8
221. 3
203.0

110. 1
225. 4
206.6

117.2
228. 7
207.1

115.7
228.3
209. 7

114.3
230. 0
211.2

107.2
227. 4
211.7

105. 2
223. 9
210.6

106.8
223. 6
212. 2

1 25. 0

138. 1

126.7

123.2

126. 6

130. 9

134.4

136.3

135.8

145. 8

133.3

130.3

122.7

120. 5

89. 3

' 80. 7

122.2
96. 5
25. 7
8.2

117.7
94. 1
23. ')
5.0

109. 6
89. 2
20. 4
10. 9

101. 0
83 8
17.3
-11.7 '

' 97. 8
' 80. 3
' 17. 5
-17.1

125. 8
96. 0
29. 8
20.0

122. 7
96.3
26. 4
10.6

Fixed investment
Nonresidcntial
.
Residential structures
Change in business inventories

do
do
do
do

118.0
83.7
34.3
7.0

127.3
94. 4
32. 9
10.8

118.0
94. C
24. 0
8. 7

116.6
82. 4
31.2
6.6

118.1
83.8 i
31.3
8.5

122.0
87. 2
31.8
8.8

127.1
92. 2
35. 0
7.3

128. 4
94. 3
3i. 1
7.8

127.7
95. 1
32.6
8.0

Net exports of goods and services

do

-3.0

4.6

9.0

-3.6

-1.4

-1.9

1.4

3.5

5.8

7.9

11.5

8.2

7.3

9. 1

11.6

r 13.4

143.7
56. 2
87.5

145. 7
56. 4
89.3

146.0
56.3
89.7

145.8
56.3
89. 5

145. 9
56. 5
89. 4

146. 3
57. 0
89. 3

147.7
57. 4
90. 2

' 149. 2

Govt. purchases of goods and services, total -do
Federal
do
State and local
do
r

143. 1
61.0
82. 1

144. 4
57.3
87.0

146. 0
56. 5
89. 5

143. 8
62. 5
81.3

141.8
59. 5
82.4 i

t Revised series. F sti mates ( )f n a t i o n \\ income md pro; act
(see p. 1 1 IT. of 11 e J u l v H "•4 Si'uvi , Y ) ;
revisions prior to May 1973 for personal income appe ar on pp. 22-23 of he July 1 )74 SUK\ EY.
Revised.

?' P r e l i m i n a r y .

143.0
59. 2
83.8

144. 1
58. 9
85.2

143. 9
57. 7
86.2

590-640

O - 75 - S-l

90. 9

Revi sed data for nati •)nal inco me and product and pers Dnal incoi no custo narily p iblished
in Ji y issues of the S U R V E Y \\ ill be po stponed until late r; see box note on p. 11 of t lie July
1975 SURVEY.
9 Ii icludes d ata not s lown se )arately.

S-l



r 58. 3

SUEVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown in
the 1973 edition of BUSINESS STATISTICS

1972

I 1973 |

1972

1974
III

Annual total

August 1975

1973
IV

j

II

1974
III

IV

I

1975

II

III

IV

I

172. 07
164.7

177.97
169. 6

181.62
171.8

183 85
173. 9

174 9
169.6
197.9
221.4

4

180
175.4
204.3
224.6

r
1839
r
!77. 7
r

1 077.3 1 106 3 1 118 8 1 1302 1 155 5 1 165 4 1 150 7

1 i *-i n

II

III

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
Implicit price deflators:!
Gross national product
Index, 1958=100.. 146. 12
138.2
Personal consumption expenditures
do
Gross private domestic investment:
144.8
Fixed investment
do
139.6
Nonresidential
do
157.4
Residential structures
do
178.6
Govt. purchases of goods and services
do
National income totalf

154. 31
145.9

170. 18
162.5

146. 50
138.7

159.4
144. 9
174.0
191.5

165.3
158.7
191.4
211.8

145.6
140.2
158.9
179.9

146.9
140.5
162.8
183.6

148.7
141.7
167.1
186.7

151.4
143.9
172.1
189. 9

147. 96
139.7

149. 95
141.4

152.61
144.3

155. 67
147.0
154.3
146.1
178.1
192.6

158.93
150.8
155.4
147. 9
179. 7
196. 5

163. 61
155.8
157 8
150.7
183.8
202.9

167.31
160.2
162.3
154. 9
190.0
208.8

167 5
160.4
195.9
214.1

208. 2
'•226.5

bil. $_.

1,142.5

954.3

987.0

1,097.6

1,051.2

786.0

855.8

712.6

732.9

759.1

776.7

793.3

814.8

828 8

848.3

868 2

626.8
491.4
20.5
114.8
80.3

691.6
545.1
20.6
126.0
94.4

750.7
592. 4
21.2
137.1
105 1

631.2
495.3
19.9
116.0
81.4

649.6
508.7

683.6
538.7
20.3
124.5
93.1

698.2
550.8
20.2
127.2
95 1

717.0
565.8
21 0
130.2
97 7

727.6
573 8
132.8
101 9

744.6
588.3
20 9
135.4
103 7

761.5
602.5
20 8
138.2
106 7

769.2
605 1

119.7
83.4

667.6
525.0
20.8
121.9
91.5

do
do
...do
do

75.9
54.9
21.0
25.9

96.1
57.6
38.5
26. 1

93.0
61.2
31.8
26.5

75.8
55.5
20.3
26.8

80.1
56.1
24.0
26.7

89.1
57.0
32.1
26.3

92.8
57.1
35.6
25.7

99.3
57.7
41.5
26.2

103.2
58.4
44.9
26.4

98
59
39
26

4
3
1
4

89 9
60.7
29.1
26 3

92 1
62.3
29.8
26 6

91 6
6° 5
°9 1

92.2

105.1

105.6

92.9

99.8

103.9

105.0

105.2

106.4

107 7

105 6

105 8

103 4

17.6
74.5
40.8
19.0
21.8

19.6
85.5
47.6
21.5
26.1

20.8
84. 9
47.0
30.0
17.0

17.8
75.1
40.8
19.4
21.4

18.3
81.5
45.1
20.0
25.1

18.7
85.2
48.6
20.9
27.6

19.4
85.6
48.4
21.5
26.9

19 8
85.4
47.1
21.4
25.7

°0 4
86.0
46.4
22.1
24.3

20 8
87 0
46 2
9
6 9
19.3

20 7
84.9
46 8
29 7
17.1

20 7
85.1
48 6
33.3
15.3

20
8°
46
30
16

9.2
24.6

9.2
28.7

7.8
30.1

9.5
24.8

9.9
26.6

9.4

8.8
28.4

9.5
28.8

9 2
30.3

7 1
33 7

8 0
30 1

8 6
28 0

7 5

99.2
41.5
57.7
27.3
30.3

122.7
49.8
72.9
29.6
43.3

140.7
55.7
85.0
32.7
52.4

100.2
41.8
58.4
27.8
30.6

108.2
45.2
63.1
28.2
34.9

120.4
48.9
71.5
28.7
42.8

124.9
50.9
74.0
29.1
44.9

122.7
49.9
72.9
29.8
43.1

122.7
49 5
73.2
30.7
49 5

135.4
52 9
83 2
31 6
51 6

139.0
55 9
83 1
32 5
50 5

157.0
62 7
94 3
33 2
61 1

131.5
59 o
79 5
33 3
46 °

101.2
39 0
62.3
33.8
28 5

P108. 9
p41 5
pQ7 4
r 34 o
f'33 4

-7.0
45.6

-17.6
52.3

-35. 1
61.6

-7.3
46.2

-8.4
47.5

-16.5
49.2

-20.0
51.1

-17.5
53.2

-16.3
55 5

—27 7
57 5

-33 4
60 1

—51 2
62 8

— 98 1
65 9

-7.0
68 9

r

b'l $
do
do
do
do

944.9
142.4
80° 5
749.9
52.6

1 055.0 1,150.5
151.3
170.8
979.7
903 7
902.7
899. 4
74.4
77.0

950.3
143.1
807.2
757.9
49.3

985.0
147.0
838.1
779.2
58.9

1 013.6
144.1
869. 5
804.2
65.3

1,039.2
147.2
892. 1
822.5
69.6

1 068.0
154.2
913 9
840.7
73.2

1 099 3 1 11° 5 1 134 6
159 9
168 2
161 9
939 4
950 6
966 5
850 1
894 9
866 2
89.3
71 5
84 4

1 168 2
175 1
993 i
927 6
65 5

1 186 c)
178 1
1 008 8

bil. $
do
ao__ _
do

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

1,065.6

707.1

do
do
_.do
do
- -do

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

946.5

-do

-

Compensation of employees, total.

88 44
31. 35
15.64
15.72

99.74
38.01
19.25
18.76

112. 40
46.01
22.62
23.39

21.86
7.74
3.86
3.87

25.20
9.38
4.77
4.61

21.50
7.80

3.92
3.88

24.73
9.16
4.65
4.51

25.04
9.62
4.84
4.78

28.48
11.43
5.84
5.59

24 10
9 49
4.74
4 75

28.16
11.27
5.59
5.69

28.23
11.62
5.65
5.96

31 92
13.63
6.64
6. 99

25.82
10.84
5.10
5.74

i 28.63
11.87
5.42
6.46

i 28. 12
12.02
5.36
6.66

57.09

61.73

66.39

14.12

15.83

13.69

15. 57

15.42

17.05

14.61

16.89

16.61

18.29

14.98

16.76

16.10

.63
.47
.63
.40

.63
.46
.52
.32

.71
.46
.72
.43

.69
.48
.57
.44

.71
.56
.60
.47

.68
.50
.47
.34

.78
.64
.61
.49

.80
.64
.43
.58

.91
.78
.48
.71

.91
.59
.44
.62

.94
.81
.54
.63

.94
.67
.49
.64

5.13
4.38
. 75

5.21
4.36
.85

2 8.72

28.16

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

do
do
_do
do.. .
do

Inventory valuation adjustment
Net interest

do
do

91 0

875 6

99

Q

142. 1
108 6

9g g

9
5
3
1
°

885 4

r

765. 1
597 4
22 0
145.7
110 5

r 773. 0

84 9
69 7

r 86 1

99 2

99 7

r 601 9

21 9
149. 2

r

9

63 4

7 0

97 1

94 3

?>100 5

9

07
73. 6
41 1
27.3
13.8

]>9Q g

»79 7

6 8
57

9

84

71 9

DISPOSITION OF PERSONAL INCOME f
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§

(J99 3

86 o

1 193.4 •1 220 5
178.0
14°. 0
1 015 5 r\ 078 5
939. 5 "'964 7
75.9 ' 113.8

NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
Manufacturing
Durable goods industries t __
Nondurable goods industries t
Nonmanufacturing

do

Mining
Railroad. .
Air transportation
Other transportation

. .

do
do
do.. .
do

2.42
1.80
2.46
1.46

2.74
1.96
2.41
1.66

3.18
2.54
2.00
2.12

.59
.38
.61
.35

Public utilities
Electric _ . .. .
Gas and other
Communication
Commercial and other

do
. _ . . ... .-do ...
do
do
do

17.00
14.48
2.52
11.89
20.07

18.71
15. 94
2.76
12.85
21.40

20.55
17.63
2.92
13.96
22.05

4.39
3.67
.72
2.84
4.97

4.74
4.01
.73
3.39
5.57

3.95
3.45
.50
2.87
4.94

4.59
3.91
.68
3.27
5.40

4.82
4.04
.77
3.19
5.24

5.36
4.54
.82
3.53
5.83

4.38
3.85
.52
3.19
5.05

5.30
4.56
.75
3.60
5.46

5.20
4.42
.78
3.39
5.57

5.67
4.80
.87
3.78
5. 97

4.42
3.84
.58
3.11
4.88

do
do
do
do

87.67
30.98
15.67
15.31

91.94
33.64
16.86
16.78

96.19
35.51
17.88
17.63

97.76
36.58
18.64
17. 94

100. 90
38.81
19.73
19.08

103.74
40.61
20.48
20.13

107. 27
42.96
21.43
21.53

111.40
45.32
22.50
22.82

113.99
47.04
23.08
23.96

116.22
48.08
23.28
24. 80

114.57
49.05
22.86
26.20

do

56.70

58.30

60.68

61. 18

62.09

63.12

64.31

66.08

66.94

68.14

65.52

65.74

65.10

2.40
1.50
2.67
1.41

2.46
1.71
2.33
1.42

2.59
2.11
2.21
1.53

9 77
1.75
L62

2.82
1.95
2.49
1.79

2.76
2.05
2.20
1.73

2.80
2.10
2.13
1.63

3.07
2.42
2.21
1.84

3.27
2.68
1.84
2.16

3.56
3.05
1.81
2.71

3.76
2.39
2.09
2.82

3.66
3.04
1.83
2.44

3.82
2. 97
2. 09
2.51

17.01
14.62
2.38
11.56
20.16

17.53
14.67
2.86
12.63
20.21

18.38
15.40
2.98
12.34
21.53

18.08
15.55
2.52
12.70
21.55

18.58
16.00
2.58
13.12
21.36

19.80
16.72
3.08
13.24
21.35

20.12
17.12
3.00
13.83
21.69

20. 97
18.10
2.87
13. 94
21.63

20.16
17.47
2.68
14. 01
22.84

20.93
17.76
3.17
14.04
22. 04

20.28
17.03
3.25
13.36
20.82

20.27
17.34
2.93

20.37
17.36
3.01

234. 50

2 33. 34

Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing
Durable goods industries f
Nondurable goods industries f
Nonmanufacturing
Mining
Railroad
. .
Air transportation
Other transportation
Public utilities
Electric
Gas and other
Communication
Commercial and other,
r

do
. . . do ..
do. . .
do
do
do
do
do
. do...

Revised.
* Preliminary.
i Estimates (corrected for systematic biases) for Apr.June and July-Sept. 1975 based on expected capital expenditures of business. Expected
, p
expenditures for the year 1975 appear on p. 17 of the June 1975 SURVEY.
- Includes
communication.
f See corresponding note on p. S-l.
9 Includes inventory valuation




1113.39 i 113.87
48.77
47.64
21.81
21.85
26.96
25.80

adjustment.
© Personal outlays comprise personal consumption expenditures, interest
paid by consumers, and personal transfer payments to foreigners.
§ Personal saving is excess of disposable income over personal outlays.
IfData for individual durable and nondurable goods industries components appear in the
Mar., June, Sept., and Dec. issues of the SURVEY.

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