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SUKVEY OF CUKKENT BUSINESS

December 1968

NATIONAL INCOME AND PRODUCT TABLES
1968

1967
1966

1967

II

III

1967

II

IV

III

1966

1967

II

Seasonally adjusted at annual rates

III

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 nations! 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 A

-

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

Nonresidential
Structures
_
____ Producers' durable equipment— _ _ _ _ _ _ _ _ _ _ _ _ _

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

Residential structures
Nonf arm
Farm

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
13

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

Durable goods
Nondurable goods
Services

_ __
-

__
-

Gross private domestic investment

__

_ _
--

Fixed investment

_

_ _ _ _ _ _

Change in business inventories
Nonf arm
Farm

_

_

Net exports of goods and services

_ _

Exports
Imports

_

Government purchases of goods and services

__ _

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

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 2
79.6
21.5

65 2

74 8

75 1

75 6

75 6

78 1

80.1

79 5

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

70 6

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

747 6

Final sales
__
Change in business inventories

789 7

780.2

795 3

811 0

831.2

852.9

863 5
7 5

643 2
13 9

871 0

657 1

669 2

675.6

681.8

692. 7

703.4

712. J

667 2
59

666 9
2 3

670 4
5.2

673 8
8.0

690.7
2.0

693.5
9.9

705
6.

673 1

732 8
14 7

783 6
61

778 0
2.3

789 9
53

802 7
83

829 1
21

842 1
10.8

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
2 3

393 6
53

396 5
83

412 8
21

417 6
10.8

429 5
7 5

342 0
13 9

355 1
59

358 1
2 3

356 7
5.2

356 4
8.0

368.4
2.0

369.3
9.9

378.
6.

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

156 0
145 7
10 2

159 3
156 4
30

157 7
157 1
6

161 1
157 3
38

164 1
159 9
4 2

168 2
166 7
15

175.3
169 1
6 2

180 0
175 1
4 9

151 1
141 5
96

150 3
147 6
2 7

149 9
149 3
6

151.6
148 2
34

152.8
149 0
3.8

155.9
154 5
1.4

161.2
155.6
5.6

164.
160.
4.

Nondurable goods
Final sales___
_
Change in business inventories

226 3
221 8
45

237 6
234 5
31

236 4
234 7
17

237 8
236 2
16

240 7
236 6
41

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
32

210 5
208 8
17

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

314 8

310 9

317 5

324 7

330 4

339 2

347 6

236 4

249 6

247 8

251 2

253 2

255 1

258.7

262.

77 3

77 9

75 3

78 8

81 5

85 8

85 4

86 4

64 8

62 5

61 1

62 5

64 2

67 2

65.5

65.

681.8

692.7

703.4

631 8

641.6

649.7
628.5
604.5
24.0

Goods output- _ _ _ _ _

_

Final sales
Change in business inventories. _ _

Services

_

_

Structures.

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

_

747 6
671 1

__ _

Households and institutions

789 7
704 8

780 2
696 7

795 3
709 8

811 0
722 3

831 2
740 3

759 9

871 0
775 0

657 1
602 1

673 1
614 0

669 2
610 6

675 6
616 0

621 7

712.3

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 6
720 2
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

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

4 9

52

4o

4 5

39

4 9

5 2

4 3

4.8

5.1

93 0

96 0

55 0

59 0

58 6

59 6

60 1

60 9

61.8

62.6

Eest of the world

4 2

4 6

4 0

5 0

53

4 4

General government

76 5

84 8

83 5

85 4

88 6

90 8




852 9

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 (t), 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

Annual total

1966

1965
III

IV

I

II

1968

1967
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

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 A
31 5
76.9
16.8

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 1

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
84
8.3

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
53
48

113.5
85 0
27 7
57 3
28.5
27 9
83
71

117 6
88 6
29 6
59 0
29 1
28 5
21
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
75
73

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

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
101
79
98

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

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
3.3

15.4
99
5.5

12.8
10 5
2.4

19.8
13 6
6.3

8.4
O o
50

2.3
6
17

5.3
38
16

8.3
42
41

2.1
15
6

10.8
62
46

7.5
4 9
25

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

do

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

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

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

6.2

4.0

2.4

6.7

5.7

5.3

4.3

3.6

2.9

3.0

Govt. purchases of goods and services, total.. do
114.7
126.5 140.7
115.9
118.4
Federal
_
do
57 9
65 2
74 8
58 5
59 6
State and local
do
56.8
61.3
65.9
57.4
58.7
r
Revised.
v Preliminary.
f Revised series. Estimates of national income and product and personal income have been revised back to 1965 (see p. 19 ff. of the July 1968

121.5
61 8
59.6

124.7
64 0
60.7

128.5
66 9
61.6

131.3
67 9
63.4

138.1
72 7

Gross national product, total f _
Personal consumption expenditures, total
Durable goods, total 9
Automobiles and parts _
_
Furniture and household equipment
Nondurable goods, total 9
Clothing a n d shoes _ _ _ _ _ _
Food and beverages
Gasoline and oil

do
___do _
do
do

luirvices, 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

Change in business inventories
Durable goods
Nondurable goods __

do_
do
do
_do_
do
do
do
_ _do

351 1

6
2
6
4

GNP in constant (1958) dollars
Gross national product, total t -Personal consumption expenditures, total
Durable goods
Nondurable goods.
Services
Gross private domestic investment, total
Fixed investment
.
Nonresidential
Residential structures
Change in business inventories
Net exports of goods and services




do._._

65. 4

2.8

141.0
75 1
fifi.O

3.1

1.0

-.1

-.6

141.4
75 6
fiS.8

142.0
75 6
fifi 4

146.5
78 1

149.2
80 1
69.1

fi8 4

.

.7

150. 1
70 f(
70 ft

SURVEY for data beginning 1965); revisions prior to May 1967 for personal income appear
on p. 28 ft of the July 1968 SURVEY.
9 Includes data not shown separately.

s-1

SUKVEY 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

Annual total

1966
I

II

December 1968
1967

III

IV

I

II

1968
III

I

IV

II

1969
III

IV

I

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
bil $

564.3

620.8

652. 9

604.0

615.1

626. 7

637.3

638.6

645.1

656.9

670.9

688. 1

do

393.8

435.6

468.2

420. 6

430.8

441.4

449.7

456.7

461.8

471.5

482.7

496.8

507.1

519.7

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

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

469.0
370.9
18.9
79.1
50.7

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

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

82.7

83.4

84.2

85.3

79.5

79.6

80.2

82.3

83.8

89.2

'91.6

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

9.8
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

11.2
77.9
44.9
19.7
25.2

11.9
'79.7
45.3
20.3
25.0

11.1
16.9

12.0
18.8

11.8
19.0

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

13.0
21.4

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

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
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

' 92. 7
'41.5
'51.2
25.2
'26.0
-1.0
26.7

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

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

Unadjusted quarterly or annual totals:
All industries
Manufacturing
Durable goods industries^
Nondurable goods industries^

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

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 ' 14. 25 •15.87
7.30
5.79
6.50
3.82
2.96
3.22
3.48
2.82
3.28

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

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

.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

do
do
do
_ _ do

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 ' 64. 75 ' 62. 65
26.00
26.35
25.80
13.50
13.65
12.80
12.55
12.70
13.00

do
do
do
do
do
do

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 '

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

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

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

705.4 ' 722. 5

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§

ii
5f

NEW PLANT AND EQUIPMENT
EXPENDITURES

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

.39
.36
1.07
2.92
1.62
3.39

.36
.37
.98
2.33
1.48
'2.93

.36
.38
1.04
2.97
1.51
'3.11

1.55
1.40
1.65
1.45
4.35
3.65
11.60
11.65
6.35
5.90
12. 85 '12.80

' 16. 08 ' 118. 33 2 15. 62
'6.63 '7.86
6.50
'3.37 '4.03
3.28
'3.25 '3.83
3.22

'.34
'.36
'1.12
'2.96
1.50
'3.18

'.42
'.40
'1.32
'3.13

.36
.41
.96
2.64

'35.20

34.74

'63.45 '167.25 2 71. 15
' 26. 65 ' 28. 10
29.60
' 13. 65 ' 14. 15
15.10
' 13. 05 ' 13. 90
14. 50
'1.35 '1.60
'1.40 '1.50
' 4.60 '5.35
' 10. 90 ' 11. 45
6.15
' 12. 35 '3 19. 25

1.55
1.80
4.30
13.20

320.65

U.S. BALANCE OF INTERNATIONAL
PAYMENTS^1
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

11,860 ' 12, 557
7,924 ' 8, 325
306
362
1,742 '1,950
1,888 ' 1, 920

13,247
8,840
P405
2,048
1,954

-32,296 -38, 063 -40, 988 -9,020 -9, 336 -9, 778 -9,929 -10,078 -10,108 -10,154 -10,648 '-11,534 -11,965 -2,369
-21,516 -25, 541 -26,991 -6,036 -6,263 -6,567 -6, 675 -6,686 -6,605 -6,541 -7, 159 -7,867 '-8,320 -8, 578
Merchandise adjusted, excl. military
do
-962
-979 -1,072 -1,065 -1,098 -1,104 -1,110 '-1,123 -1, 150
-872
-923
-2, 945 -3,736 -4,339
Military expenditures
do
-560
-560
-575
-598
-476
-479
-556
-660
'-704
-1,729 -2,074 -2,293
-563
p-735 i
Income on foreign investments in the U.S__do
-6,106 -6,712 -7,365 -1,636 -1,671 -1,693 —1 712 -1.7oO -1,878 -1,940 -1. 787 -1.897 '-1, 818 p-1. 906
Other services _
_ _ _
do
Unilateral transfers, net (excl. military grants);
-732
-647
-730 -859
-845 -641 -642
-845
-701
transfers to foreigners ( — )
mil. $ -2,834 -2,925 -3,075
©P ersonal outlays comprise personal consumption ex]penditures, interest paid by con' Revised.
* Preliminary.
sume rs, and personal transfer payments to foreigners,
expenditiires of butsiness.
1
i Estimates for Oct.-Dec. 1968 based on anticipate< capital
2
§Pe rsonai saving is excess of disposable income over pers onal outlays,
Estimates for Jan.-Mar. 1969 based on anticipated capi tal expen iitures of business5.
TD ata for individual durable and nondurable goods imiustries components appear in the
Anticipated expenditures for the year 1968 are as 1 ollows ( in bill$). All induf 5tries. 04 .53;
Mar., June, Sept., and Dec. issues of the SURVEY.
manufacturing, total, 26.78; durable goods industri es, 13.58; nondursible goods industr ies,
13.19; mining, 1.49; railroad, 1.51; transportation 4. 46 public iutilities, 11.38; com municat on,
cWlore complete details are given in the quarterly review s in the Mar., June, Sept., and Dec.
issues of the SURVEY. Revised data back to 1960 appear o n p. 32 ff. of the June 1968 issue.
6.26; commercial and other, 12.65. 3 Includes comm unicatio n.
fSee corresponding note on p. S-l.
9 Includes iiaventory valuatiori adjustm ent.




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