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SURVEY OF CUKKENT BUSINESS

20

January 1969

NATIONAL INCOME AND PRODUCT TABLES
1968

1967

III

1967

IV

II

1967
III

IV * 1967

1968'

III

Seasonally adjusted at annual rates

1968

IV

II

III

IV

Seasonally adjusted at annual rates

Billions of current dollars

Billions of 1958 dollars

Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
789.7 860.7

Personal consumption expenditures

-

-

430.5

450^7

431.8 434.1 444.9

447.5

455.7

454.8

73.1 74.2
216 4 218 4
205.9 209.6

85.1 84.8
232 7 233.5
223.4 228.0

72.4
191 1
167.0

80.0
197.0
173.8

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

81.4
196 8
176.6

99 3 104 7

831.2 852.9 871.0

887.8

673 1 706.9

675 6

681 8

692 7 703.4

712 3 719 1

-- --

--

Nonresidential
Structures
Producers' durable equipment
Residential structures
Nonfann
Farm
-

-

Change in business inventories.
Nonfann
_
Farm

- --

_
-- --

121 8 119 7

127.3

127.1 136.1

99.5

106.8

101 5

107 3

105.8

112.5

120.0

109.3

113.5

117.6

116.5

119.6

126.0

93.6

99.8

94.0

96.7

99.5

97.4

99.0

103.4

83.6
27.9
55.7

Gross private domestic investment

81.0
228.2
218.7

108.2

-

79.0
226 5
213.9

114 3 127.5 114.7

Durable goods
Nondurable goods
Services
Fixed investment

495.5 502.2 519.4 527.9 541.1 546.3

72.6 82.5
215 8 230.2
203.8 221.0

--

795.3 811 0

492.2 533.7

Gross national product

90.0
29.2
60.8

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

94.2
29.8
64.4

73.7
22.6
51.1

76.7
22.5
54.3

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

79.4
22.5
57.0

24 6
24.0
.6

30.0
29.4
.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

31.8
31.2
.6

19.9
19.5
.5

23.1
22.6
.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

24.0
23.5
.5

6.1
5.6
.5

7.6
7.2
.4

5.3
4.8
6

8.3
7.1
12

2.1
1.6
4

10.8
10.4
.4

7.5
7.3
.1

10.0
9.2
.8

5.9
5.3
.6

6.9
6.5
.4

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

9.1
8.4
.8

4.8

Exports
Imports
Government purchases of goods and services

2.4

5.4

3.4

1.5

2.0

3.3

3.0

2.4

.2

3.1

1.0

—.1

-.6

.7

.7

45 8
41.0

Net exports of goods and services.

50.6
48.2

46 1
40 6

46 0
42 6

47 5
46 0

49 9
47.9

52 6
49.4

52.4
49.5

41 8
39.3

45.9
45.7

42 1
39.1

41.9
40.9

44.0
44.1

44.7
45.4

47.6
46.9

47.1
46.5

183 5 190 5

195.7

199.6

202.5

140 7

149.2

141 4

142 0

146.5

149.2

150.1

151.0

101.6
80.0
21.6

74.8

79.3

75.6

75.6

78.1

80.1

79.5

79.4

100.8

65.9

69.9

65.8

66.4

68.4

69.1

70.6

71.6

178 4

197.1 179 6

90.6
72 4
18.2

_

State and local

91.3
72 9
18 4

93.5
74 6
19 0

97.1 100.0
76 8 79.0
20 3 21.0

101.2
79 6
21.5

87 8

Federal
._
National defense
Other

100.0
78.. 9
21.1

97.1

88 4

90 0

93 4

95.6

98.4

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

_

Final sales
Change In business inventories

789.7 860.7

_.

Goods output

396 9

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

831.2 852.9 871.0

887.8

430 9

398 9

404 8

414 9

428 4

436 9

159 3 176.7
156 4 172.2
4.5
3.0

__ __ .
_
.

168 2 175 3
166 7 169.1
6.2
15
237 6 254 2 237 8 240 7 246 7 253 1
234 5 251.1 236 2 236 6 246 1 248 5
g
31
46
31
41
16
314 8

342.8

77 9

Structures

87.1

161 1 164 1
157 3 159 9
42
38

317 5 324 7
78 8

81 5

330 4
85 8

673.1 706.9

692.7 703.4

712.3 719.1
705.5
6.8

710.0
9.1

693.5
9.9

364 4

370.4

379.2

384.7

386.8

355.1 373.4 356.7 356.4
8.0
52
69
59

368.4
2.0

369.3
9.9

378.0
6.8

377.7
9.1

155.9
154.5
1.4

161.2
155.6
5.6

164.9
160.5
4.4

166.3
161.7
4.6

210 2 211 6 214.5
208.5 207.5 213.9
.6
41
18

218.0
213.7
4.3

219.8
217.4
2.4

220.5
216.0
4.6

255.1 258.7

262.3

261.5

65.5

65.2

67.7

380 3 361 9

162 1 151 6
158.1 148.2
3.4
4.0

210 7 218 2
207 5 215 3
32
30

339.2 347 6

354.0

249 6

86 4

90.6

62 5

85 4

681.8

690.7
2.0

180 0 183 1 150 3
175 1 177.9 147.6
5.2
2.7
4.9
256 9 260 2
254 4 255.3
25
49

675.6

667.2 699.9 670.4 673.8
8.0
69
52
59

443.3 361 0

390.8 423.3 393.6 396.5 412 8 417.6 429.5 433.2
7.6
7 5 10 0
61
2 1 10 8
53
83

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

795.3 811.0

783.6 853.1 789.9 802.7 829 1 842.1 863 5 877.8
7 5 10.0
61
7.6
83
2 1 10.8
53

152.8
149.0
3.8

260.1 251 2

253 2

62.5

64.2

66.4

67.2

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

789 7 860 7

Private
Business
Nonfann
Farm

673 1 706 9

675 6

681 8

692 7 703.4

712.3 719.1

709 8

722 3 740 3 759 9

775 0

790 3

614 0

644 8

616 0

621 7

631 8

641.6

649.7

656.2

677 9
653 7
24 2

766 4
737 4
712 4
25 0

682 4
658 0
24 4

694 1 712 4 730 8 745 6
669 4 688 1 706 1 720 2
24 8 24 3 24 7 25 5

760 7
735 2
25 5

594 0 623 8
569 9 599 9
24 1 23 9

595 6
571 2
24 4

600 8
576 3
24 5

611 4
587 8
23 6

620 5
596.2
24 3

628.5
604.5
24 0

634.9
610.9
24.0

16.0

704 8

_

Households and institutions

795 3 811 0 831 2 852 9 871 0 887 8

_

22 3

24 0

22 5

22 9

23 5

24 2

15 5

15 7

16 1

16.3

16.2

50

50

53

44

52

54

45

16 1
49

15 6

46

24 2
49

24 2

Best of the world

49

52

43

4.8

5.1

5.3

General government

84 8

94 3

A

88 6

90 8

93 0

96 0

97 6

59 0

62 0

59 6

60 1

60 9

61 8

62.6

62.9

* Preliminary.




OK

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 (|), 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

1966

1965
IV

I

II

1967
IV

III

I

Annual total

1968
I

IV

III

II

III

II

| IV P i

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
bil. $

684.9

747.6

789.7

710 0

728.4

740 4

753 3

768 2

772 2

780 2

795 3

811 0

831 2

852 9

871.0

887.8

Personal consumption expenditures, total

do

432. 8

465.5

492.2

447.4

457.8

461.1

469.3

473.7

480.9

490.3

495.5

502.2

519.4

527.9

541.1

546.3

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

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

84.8
38.0
34.4

06 3
39.4
106 8
16 4

208 3
40 5
107 0
16'7

228 9
44 8
116 4
19 4

232.7
47.2
117.7
20.0

233. 5
46.5
118.8

223.4
31.5
76.9
16.8

228. 0

Gross national product, total t

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

do
do, do
do

191.1
35.9
98.8
15.3

206.7
39.8
106.4
16.6

215. 8
42.1
109 4
18.1

197 8
37.4
102 3
15 9

202 8
39.2
105 1
16 0

9

Services, total 9
Household operation.
Housing
Transportation
_ . . . , __ __

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

180
26
65
13

7
4
1
2

183 4
26.2
66 0
13 3

186 7
26.9
66 8
13 6

190
27
67
13

0
5
6
6

193 3
27 8
68 8
13 8

198
28
69
14

do

108. 1

120.8

114 3

113 2

116 8

121 0

119 9

125 7

113 0

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
61
56

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
15 4
15 4

107 0
82 6
28 9
53.7
94 4
93 9
12 8
13 3

105 9
84 2
28 2
55.9
21 7
21 1
19 8
20 9

104 6
83 5
29 0
54.5
21 1
20 5
8 4
83

do
do
_- _ _ do

6.9
39 2
32.3

5.1
43 1
38 1

4.8
45 8
41 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 9
39 7

5.2
45 5
40 3

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

178.4
90 6
72 4
87 8

143.3
70 1
52 9
5
73

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

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

675 3
337 G
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

700 3
351 1
138 5
212. 5
271 o
78 2

717 5
360 5
143 3
217.3
977 5
79 5

725 0
36° 6
220.4
9g4 7
77 7

740 4
371 0
147 3
223.7
992 3
77 2

9.6
6 7
30

14.7
10 2
4 5

6.1
30
31

9.7
4 6
51

10.9
7 6
33

15.4
99
55

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
d o
do ..
do

do
do
do
do
do
do.

_ _

do
do
do

14°" 9

3
4
9
8

9

16 4
42 8
109 1
18 3

218 4
42 3
110 8
18 6

"6 5
44 6
113 6
19 7

6
7
4
8

995
29
71
15

9
2
2
1

909 6
29 9
9
72
15 5

9

13 9
30 3
74 9
0
16

218
31
75
16

107 6

114 7

121 8

119 7

127 3

127.1

136. 1

105 4
82 9
7
27
55.5
9
29 7
2 1
2 3

109 3
83 3
27 7
55.6
26 0
25' 4
5 3
4 8

113 5
85 0
27 7
57.3

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

116 5
87* 0
28 5
58'. 5
29 5
9
89
10 8
10 4

119 6
90.1
28 8
61.3
29 5
28 9
75
7 3

126.0
94.2
29 8
64.4
31 8
31 2
10 0
9 2

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

3.0
52 4
49 5

173.1
87 4
70* 0
85 8

177.3
90 0
72 1
87 2

179.6
91 3
79 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

202.5
101 6
80 0
100 8

748 4
375 9
3
150
225. 1
°98 1
74 9

763 8
381 5
151 1
230.4
306 3
76 1

778
391
157
234.
310
75

0
8
1
7
9
3

789 9
393 6
157 3
236'. 2
317 5
78*8

809 7
396 5
159 9
236.6
324 7
81 5

829 1
412 8
166 7
246.1
330 4

849 1
417 6
169 1
248.5
339 9
85 4

863 5
429 5
175 1
254.4
347 6
86 4

877
433
177
255.
354
90

12.8
10 5
9 4

19.8
13 6
6 3

8.4
33
50

2.3

5.3
38
16

8.3
49
41

2.1
15

10.8
69
4 6

7.5
4 9
2 5

209
40
106
17

3
3
9
1

212
40
108
17

9
9
7
7

9

2
1
7
7

9

15
42
108
17
01
28
70
14

9 9

5.1

Q

17

9g 5

27 9
8 3
71

9 I

85 8

Q

7
0
4
3

20. 2

31.9
78.6
17.1

8
2
9
3
0
6

10.0
5°
4 9

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

bil. $_.

Durable goods
Nondurable goods
Services
Gross private domestic investment, total

617.8

657.1

673.1

636.6

648.6

653.3

659.5

657.1

665.7

669.2

do

397.7

417.8

430.5

409.2

420.0

420.6

424.8

431.2

66 6
178 6
152.5

71 3
186 9
159.5

72 4
191 1
167.0

69 8
183 3
156.1

415.7
79 9
185 5
157.3

414.8

do
do
do

Personal consumption expenditures, total

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

108.8

112.3

681.8

692.7

703.4

712.3

719.1

431.8
79 g
191 1
168.1

434.1

444.9

447.5

455.7

454.8

73 0
191 6
169.5

77 3
196 5
171.0

78 9
196 1
172.6

82 5
198 5
174.8

81 4
196 8
176.6

675.6

do

99.2

99.5

103.4

106.1

109.5

107.4

99.8

94.2

99.3

104.7

101.5

107.3

105.8

112.5

do
do
do
do

90 1
66 3
23 8
9.0

94 9
73 8
9
11
13.9

93 6
73 7
19 9
5.9

94 0
70 3
93 g
9.3

95 8

94 7

23 6
10.3

29 o
14.7

95 5
74 8
20 7
12.0

93 7
75 4
18 °
18.6

91 8
74 2
17 6
8.0

99 Q
73 3
18 7
2.3

94 0
73 9
°0 8
5.2

96 7
74 0
29 7
8.0

99 5
76 5
23 0
2.0

97 4
74 5

99 0
76 6

99 9

99 4

9.9

6.8

103 4
79 4
9
40
9.1

do

6.2

4.0

2.4

5.7

5.3

4.3

3.6

2.9

3.0

2.8

3.1

1.0

-.1

-.6

.7

.7

114.7
126. 5 140.7
118.4
121.5
57 9
65 2
74 8
61 8
59 6
56.8
61.3
65.' 9
58^7
59.6
'•Revised.
P Preliminary.
1 Preliminary annual tota ls for 1968 for components
shown in this column appear on pp. 20-23 of this issue of the SURVEY.
fRevised series
Estimates of national income and product and personal inco e have been revised back to

124.7
64 0
60.7

128.5
66 9
61. 6

131.3
67 9
63.4

138.1
72 7
65. 4

141.0
75 1
66.0

141.4
75 6
6n's

142.0
75 6

146.5
78 1

149.2
80 1
69.1

150. 1

151. 0
79 4

Fixed investment.. _ .
Nonresidential
___ _
Residential structures
Change in business inventories
Net exports of goods and services

_

Govt. purchases of goods and services, total. _do
Federal _
do
State and localdo




66 4

fiS 4

7Q ^
70 fi

71 fi

1965 (sec p. 19 ff. of the July 1968 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-l

January 1969

SURVEY OF CURRENT BUSINESS

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

1965

| 1966

| 1967

Annual total

I

II

1968

1967

1966
III

IV

I

II

III

1969

I

IV

II

III

IV P

722. 5

I

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

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

652. 9

604.0

615.1

626.7

637.3

638.6

645.1

056. 9

670. 9

088. 1

705.4

435.6

468.2

420.6

430.8

441.4

449. 7

456. 7

461.8

471.5

482. 7

490. 8

507.1

519.7 » 530. 7

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. !)
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

420. 3
331). 4
16.1
70.8
45. 2

436. 4
346.0
17.1
73.3
40 '>

448. 3
355. 7
17.5
75.2
48.4

457.6
362.8
17.8
77.0
49.4

469.0 « 479. 0
370.9 « 379. 1
18.9
18.8
79.1
81.1
51.7
50.7

do
do
do
do

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

620.8

393.8

do
do
do
do
do

Compensation of employees, total

564.3

do

National income, totalf

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

00. 5
46.1
14.4
20. 2

61.2
40.6
14.0
20.4

61.1
40.8
14.3
20.5

01.8
47.2
14.0
20.7

62.6
47.8
14.8
20.9

63.4
48.0
15.4
21.0

63.7
48.2
15.5
21.2

Corporate profits and inventory valuation adjustment total
bil $
By broad industry groups:
Financial institutions
do
Nonlinancial corporations, total
do
Alanufact firing, total
do
Nondurable goods industries
do
Durable goods industries
do
Transportation, communication, and public
utilitiesbil. $_.
All other industries
do

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
09. 5
3D. 1
17.9
21.2

10.3
0'.). 9
38. 5
17.9
20. 0

10. 0
71.7
3!». 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

r.». o

12.0

11.7
18.1

11.8
18.6

12. 0
1',). 4

11.9
20. 0

12.5
19. 0

12.5
20.6

13.0
21.4

Corporate profits before tax total
Corporate profits ta v liability
Corporate profits after tax
Dividends
Undistributed profits .
.
Inventory valuation adjustment
Net interest
- -

77.8
31.3
46.5
19 8
26.7
17
18.2

85.6
34.6
51.0
21 7
29.3
1 7
20.8

81.6
33.5
48.1
22 9
25.2
1 ^
23.3

85.2
34.5
50.8
21 6
2!). 1

86. 7
35.0
51.6
21 9

85. 0
34. 4
50. 7
21 6
29. 1
3
22. 0

79. 9
32. 8
47. 1

80. 3
33.0
47.3
23.2
24.1

19.8

85. 6
34.6
51.0
21 9
29. 1
9
2
20. 4

99 9

22. [)

SO. 8
33.2
47.0
23. 5
24. 1
0
23.0

85.4
35. 1
50.3
22.5
27. 9
3 1
24.3

88.9
39. 8
49. 1
23.0
25.5
51
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
4H2. 5
32. 9

604. 5

614. 8
80.5
534. 2
494. 6
39. 7

621. 0
80. 1
541. 5
504. 5
37.0

033. 7
83. 0
550. 0
50',). 5
40. 5

045. 2
85. 0
559. 0
516. 1
43.4

002. 7
88.3
574. 4
533. 5
40. 8

678.1
91.9
586. 3
542. 3
44.0

694.3 a 708. 2
101.6 - 105. 7
592.7 « 602. 5
555.6 a 561. 1
37.1 Ml. 4

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
3.40
3.34

15.40
6.48
3.33
3. 15

17.05
7.30
3.82
3. 48

14.25
5.79
2. 96
2.82

15. 87
0.50
3. 22
3.28

16.08
6.03
3.37
3.25

US. 33
7. 86
4.03
3.83

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
L 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. 06
1,46
3.09

.39
.36
1.07
2.92
1. 02
3. 39

.36
.37
.98
2.33
1.43
2. 93

.36
.38
1,04
2. 97
1.51
3.11

.34
.36
1.12
2.90
1.50
3.18

.42
.40
1.32
3. 13

. 30
.41
.96
2, 04

35.20

s 1. 74

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

00. 90
26. 15
13. 50
12. 65

62. 70
20. 00
13. 50
12. 55

64. 75
26. 35
13. 05
12.70

62. 65
25. 80
12. 80
13.00

63. 45
20. 05
13. 05
13.05

167. 25
28. 10
14.15
13, 90

271.15

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. 15
1. 40
4. 10
9. 80
0. 05
11.95

1.50
1.40
4. 45
10. 05
0.05
12.05

1.55
1. 05
4. 35
1 1. 60
0.35
12.85

1.40
1.45
3. 65
11.65
5. 90
12.80

1.35
1.40
4. 00
10.90
0.15
12. 35

1. GO
1.50
5. 35
11.45

1.55
1.40
4.30
13. 20

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

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

10,912
7, 309
205
l,f,89
1,7-19

11,059
7,440
205
1, 648
1, 706

11,371
7, 001
•,535
1,504
1, 781

11,377
7, 703
331)
1, 556
1,782

11,513
7, 626
245
1,327
1, 815

11,496
7, 478
323
1,8W
1,813

11,800
7,921
300
1, 742
1,888

12, 557
8,325
362
1, 950
1, 920

do
do
do
do
do
do
do

9 Q

9' 5
21. 1

24. 0
4

« 25. 4

*27.6

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§

52.5. 4
487.3
38. 1

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

do
do
do
do
do
. do

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

do
do
do
do
_
_
.__
.

do
do
do.
do
do

3 19. 25

2

15. 02
I). 50
3.2S
3. 22

29. 00
15. 10
14. 50

3

20 . 05

BALANCE OF INTERNATIONAL
PAYMENTSc?

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

p 13, 247
v 8.840
p 405
P 2, 048 i " . - " . . - p 1,954

i

Imports of goods and services
do
-32,296 -38, 063 -40, 988 -9,020 -9,336 -9, 778 -9, 929 -10,078 -10,108 -10,1-54 --10,013 -11,534 -11,905 <-12,30&
Merchandise, adjusted, excl. military
do
-21,516 -25, 541 -26,991 -6,036 -6,263 -6,567 -6,675 -6,686 -6,005 -6,541 — 7, 159 —7,807 -8, 320 p— 8, 578 , _
-962
- 979 -1,072 --1,005 -1,098 -1,104 -1,110 -1,123 P- 1,150
Military expenditures
do
-872
-923
-2,945 -3,736 -4,339
-704
p-735
-598
— 575
-500
— 060
— 560
— 556
-563
-476
-479
Income on foreign investments in the U.S__do
-1,729 -2,074 -2,293
Other services
do
- 1 , 093 -1,712 - i , 700 -1,878 — 1 , 940 -1,787 -1,897 -1,818 P— 1,900
-6,106 -6,712 -7,365 -1,636 -1,671
Unilateral transfers, net (excl. military grants);
-713
p-754
-042
— 84"i
-Oil
—859
-730
-017
transfers to foreigners ( — )
mil $ -2, 834 -2, 925 -3,075
— 732
-701
-845
r
r
©P ersonal c nllay? c emprise personal consum >tion ex >enditur is, interc >t paid by conRevised.
v Preliminary.
» See note 1 on p. S-l.
1
sume "s, and p Tsonal t •ansfer p; lyment.; to foreigr ers.
Estimates for Oct. -Dec. 1968 based on anticipate(I capital expenditiires of bus iness.
2
§Pe rsonal sa ving is !•-. :cess of d isposubk income, over per? onal out ays.
Estimates for Jan. -Mar. 1969 based on anticipated capit al expen iitures of business
Anticipated expenditures for the year 1968 are as f ollows ( n bil. $). All indu stries. 6- .53;
ill) \ta for in dividim'' durable and non durable 2oods itu ustries ('ompone its appear in the
Mar., June, Se it., and Dec. issu ^ of t h e 3UKVF.Y.
manufacturing, total, 26.78; durable goods industr es, 13.58 ; nondunible good!- industr ies,
o\\ ore eo m i )le(.edetn ilsare giv en in t lie quarter y review 3 in t ho -\ Lir., Jun c, Sept., and Dec.
13.19; mining, 1.49; railroad, 1.51; transportation, 4. 46 public iitilities, 1 1.38; com nunicat on,
issues of the SiJRVEY. 1levised < lata budi to 1900 appear o n p. 32 ; f. of the June 1968 issue.
6.26; commercial and other, 12.65. 3 Includes comn lunicatio n.
« CcHTt-eted.
tSee corresponding note on p. S-l.
9 Includes i nventory valuatioii adjustm ent.




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