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SUKVEY OF CUEKENT BUSINESS

February 1969

NATIONAL INCOME AND PRODUCT TABLES
1968

1967
1967

1968

III

IV

I

II

1968

1967
III

IV

1967

1968

III

Seasonally adjusted at annual rates

II

IV

III

IV

Seasonally adjusted at annual rates
Billions of 1958 dollars

Billions of current dollars

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

789.7

860.6

795.3

811.0

831.2

852.9

871.0

887.4

673 1

706.7

675.6

681.8

692.7

703.4

712.3

718.4

Personal consumption expenditures

492 2

533.8

495 5

502 2

519 4

527 9

541 1

546 8

430 5

450.9

431 8

434 1

444 9

447 5

455.7

455.4

72.6
215.8
203.8

82.5
230.3
221.0

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 85.1
232 7 233 7
223 4 228.0

72.4
191 1
167.0

80.1
197 1
173 7

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

81.7
197.3
176.4

Durable goods.. _ _ _ _ _
Nondurable goods
Services
_

_ __
___

Gross private domestic investment

114 3

Nonresidential. _ __
Structures
_
Producers' durable equipment .
Residential structures
Nonfarm
Farm

_

.

__

Change in business inventories
Nonfarm _. _
Farm... _
__ _

__

_ __

119 7

127 3

127 1

136 6

99 5

106.9

99 3

104 7

101 5

107.3

105.8

113.1

113.5

117.6

116.5

119.6

126.0

93.6

99.8

94.0

96.7

99.5

97.4

99.0

103.5

83.6
27.9
55 7

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

94.3
29.9
64 5

73 7
22.6
51 1

76 8
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

79.6
22.6
57.0

29 9
29 3
.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 6
31 0
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

23 9
23.4
.5

61
56
.5

77
73
.5

53
48
6

83
71
12

21
16
4

10 8
10 4
4

75
73
.1

10 6
97
9

59
53
6

71
66
5

52
45
.7

80
6.7
1.3

2 0
1.6
.4

9.9
9.6
.4

6.8
6.6
.1

9.6
8.8
.9

"Federal
__
National defense __
Other
_

34

15

2.0

33

10

24

— 3

31

1.0

— 1

-.6

.7

-1.3

46 1
40 6

46 0
42 6

47 5
46 0

49 9
47 9

52 6
49 4

50 1
49 1

41 8
39 3

45 3
45 6

42 l
39 1

41 9
40 9

44 0
44.1

44.7
45.4

47.6
46.9

44.9
46.2

197 2

179 6

183 5

190 5

195 7

199 6

203 0

140 7

149 2

141 4

142 0

146 5

149.2

150.1

151.2

90 6
72 4
18 2

__ _

54

50 0
48 1

178 4

Government purchases of goods and services

2.0

._ _

__ __

4 8
45 8
41 0

100 0
78 9
21 1

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

101 7
80 0
21 7

74 8

79 3

75 6

75 6

78 1

80 1

79.5

79.3

87 8

__

State and local

121 8

109.3

_ _

Net exports of goods and services
Exports
Imports..

114 7

119.9

24 6
24 0
6

_

127.7

_ ._ 108.2

Fixed investment

97 2

88 4

90 0

93 4

95 6

98 4

101 2

65 9

70 0

65 8

66 4

68 4

69.1

70.6

71.8

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

789 7

Goods output

Services

_

Structures

887 4

673 1

706 7

675 6

681.8

692.7

703.4

712.3

718.4

863 5
75

876 8
10 6

667 2
59

699 6
7i

670 4
5.2

673 8
8.0

690 7
2.0

693 5
9.9

705.5
6.8

708.7
9.6

430 8

398 9

404 8

414 9

428 4

436 9

443 0

361 0

380 3

361 9

364 4

370 4

379 2

384.7

386.8

423 1
77

393 6
53

396 5
83

412 8
21

417 6
10 8

429 5
75

432 4
10 6

355 1
59

373 2
7i

356 7
52

356 4
8.0

368 4
2.0

369.3
9.9

378.0
6.8

377.2
9.6

176 7
172 2
46

161 1
157 3
38

164 1
159 9
42

168 2 175 3
166 7 169 1
62
15

180 0
175 1
49

183 3
177 8
56

150 3
147 6
27

162 1
158 0
41

151 6
148 2
34

152 8
149 0
38

155 9
154 5
14

161 2
155 6
5.6

164.9
160.5
4.4

166.5
161. 5
5.0

237 6
234 5
31

254 1
250 9
32

237 8 240 7
236 2 236 6
41
16

246 7

253 1

256 9

259 7
OK4. c

210 7

A

218 2

907 *>

91 c o

50

32

30

210 2 211 6
208 5 207 5
4.1
18

214 5
213 9
.6

218 0
213 7
4.3

219.8
217 4
2.4

220.3
215 7
4.7

342 7

317 5

324 7

q«»A A

090

9

25
•M7 c

7

249 6

260 0

251 2

253 2

255 1

258.7

262.3

263.7

77 9

_

871 0

842 1
10 8

314 8

Nondurable goods _
Final sales
Change in business inventories

852.9

159 3
156 4
30

Durable goods
_
Final sales
___
Change in business inventories

831 2

789 9 802 7 829 1
53
83
21

390 8
61

_

795 3

852 9
77

396 9

_ __

Final sales
Change in business inventories

860 6

783 6
6.1

Final sales
_
Change in business inventories

87 1

78 8

81 1

OK 0

OK

A

90 7

A2 I

66 4

62 5

64 2

67 2

65 5

65.2

67.8

718.4

811 0

()AR 1

6

948 K
4 6

f)KA

86 4

OEO

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

811 0

831 2

852 9

871 0

887 4

673 1

706 7

675 6

681 8

692 7

703.4

712.3

8
2
2
2

766 3

mo mo

74fl ^

71Q Q

TJK n

78Q 8

R14 n

fi44 7

616 0

621 7

631 8

641 6

649 7

655.5

737 2
712 2
25 o

COO A

fiQ4 1

79A o

74 £, fi

669 4
24 g

7Ofi 1

79ft 9

7fifl 1
7°»4 R

£.04 n
KAQ Q

coo c

658 0
24 4

710 A
coo i
94 3

94 7

OK

K

25 5

24 i

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 0
610.1
24.0

22 9

23 5

24 2

24 2

16 1

16 1

16.3

16.2

16.0

4 9

45

4 Q

15 6
49

15 7

4 4

24 2
5g

15 5

52

52

4 3

48

5.1

5.5

0

no A

Q7 A

rq A

A

rq c.

60 1

60 9

61 8

62.6

62.9

789 7

860 6

795 3

704
737
712
24

22 3

24 o

22 5

Rest of the world

46

5o

50

General government

84 8

94 3

85 4




53
00

£

QA

%

A

CQQ

00

7

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 (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

1966

1965

IV

I

II

19681

1967

III

IV

I

II

III

IV

I

III

II

IV

Annual total
Seasonally adjusted quarterly totals at annual rates

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

684 9

747 6

7897

710 0

728 4

740 4

753 3

768 2

772 2

780 2

795 3

811 0

831 2

852 9

871.0

r

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

'546.8

Durable goods, total 9
do
Automobiles and parts
do
Furniture and household equipment.- _ 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
3l!4
31 8

79 0
34.6
33 3

81 0
35.4
33 9

85.1
38.1
35.4

'85.1
'38.2
'34.5

do
do
do
do

191 1
35.9
98.8
15 3

206 7
39 8
106.4
16 6

215 8
42 1
109 4
18 1

197
37
102
15

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

do _.

108.1

120.8

98 5
71.3
25 5
45.8
27.2
26 7

}ross national product, total f _
Personal consumption expenditures, total

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

do
do
do
do
do
do
do
do

_

Net exports of goods and services
Exports
Imports

9.6

86

6.9

887. 4

r

8
2
1
0

206 3
39 4
106 8
16 4

208
40
107
16

3
5
0
7

209 3
40 3
106 9
17 1

212
40
108
17

9
9
7
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

233. 7
r
46. 7
' r118.6
20 0

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

4J18 7
31.0
75 4
16 3

223.4
31.5
76 9
16.8

228 0
31.9
78 6
17.1

114.3

113.2

116.8

121.0

119 9

125.7

113 0

107 6

114 7

121.8

119.7

127 3

127.1

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
97
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
2 2

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
7 1

117 6
88 6
29 g
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
75
7 3

5.1

6.0

8
4
3
9

202
39
105
16

r

136. 6
126 0
94 3

r

r 29 9

r
r 64.5

31 6

r ?! 0
r 10 6
r 9 7

T

3.3

do
do
do

39.2
32.3

43 1
38 1

48
45 8
41 0

40 5
34 5

6 0
42 1
36 1

52
42 6
37 3

4 5
43 6
39 1

4 5
44 2
39 7

52
45 5
40 3

51
45 5
40 4

5 4
46 1
40 6

34
46 0
42 6

15
47 5
46 0

2 0
49 9
47 9

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

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

'203.0
r 101 7
80 0
T 101 2

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

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
362
142
220
284
77

0
6
2
4
7
7

740 4
371 0
147 3
223 7
292 3
77 2

748
375
150
225
298
74

4
3
2
1
1
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
412
166
246
330
85

1
8
7
1
4
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

r 876
T 432
r 177
r 254
r 353
r 90

do
do
do

9.6

14.7
10.2
4 5

6 1
3.0
31

97
4.6
51

10 9
7.6
33

15 4
9.9
55

12 8
10.5
2 4

19 8
13.6
6 3

8 4
3.3
50

2 3
.6
17

5 3
3.8
16

8.3

2.1

6.7
30

10 8
6.2
4 6

7 5
4.9
2 5

_

.

Change in business inventories
Durable goods
Nondurable goods..
.

4.2
41

1.5
6

10

r 50 1

r

49 1

8
4
g
6
7
7

r 10 6
••5.6
r5 0

GNP in constant (1958) dollars
ross national product, total t

bil. $._

617.8

657.1

673.1

636.6

648.6

653.3

659.5

687.1

665.7

669.2

675.6

681.8

692.7

703.4

712.3

' 718. 4

Personal consumption expenditures, total

do

397.7

417.8

430.5

409.2

415.7

414.8

420.0

420.6

424.8

431.2

431.8

434.1

444.9

447.5

455.7

' 455. 4

do
do
do

66.6
178 6
152 5

71 3
186 9
159 5

72 4
191 1
167 0

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

r 81 7
T 197 3
r 175 4

Durable goods
Nondurable goods
Services

_

Gross private domestic investment, total

do

99.2

108.8

99.5

103.4

106 1

109.5

107.4

112 3

99 8

94.2

99 3

104.7

101.5

107.3

105 8

r H3 1

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 g
73 7
19 9
5.9

94 0
70 3
23 8
9.3

95 g
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

r IfM ^
r 7Q c
r 9^ Q

Net exports of goods and services

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

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

114.7
57 9
56.8

126.5
65 2
61.3

140.7
74 8
65.9

118.4
59 6
58.7

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
65.4

141.0
75 i
66.0

141.4
75 6
65.8

142.0
75 6
66.4

146.5
78 1
68.4

149.2
80 1
69.1

150.1
7Q ^

'Revised.
* Preliminary.
1 Annual totals for 1968 for national income and product
and disposition of personal income appear on p. 9 ff of this issue of the SURVEY.
t Revised
series. Estimates of national income and product and personal income have been revised back

70 R

330-841 O - 69 - 3

-1.3

'151.2
r 7Q 1
r71 S

to 1965 (see p. 19 ff. of the July 1968 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.

s-1



'9.6
'

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

1967

1966

I

II

February 1969

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

705.4

722.5

Compensation of employees total

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

Wages and salaries, total.
private
Military . .
_
Government civilian

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
479.0
370.9 ' 379. 2
18.8
18.9
79.1
81.1
51.7
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 i

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
-.4
22.2

80.3
33.0
47.3
23.2
24.1
-.7
22.9

80.8
33.2
47.6
23.5
24.1
-.6
23.6

85.4
35.1
50.3
22.5
27 9
-3.1
24.3

88.9
39.8
49.1
23.6
25 5
-5.1
25.0

91.8
41.1
50 7
24.4
26 3
-2.7
25.8

92.7
41.5
51.2
25.2
26.0
-1.0
26.7

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

708.2
694.3
101.6 ' 105. 8
592 7 ' 602.4
555.6 'r561. 6
37 i
40 9

National income total t

Proprietors' income, total 9
Business and professional 9
Farm
Rental income of persons
Corporate profits and inventory valuation
ment, total
By broad industry groups:
Financial institutions
Nonfinancial corporations total
Manufacturing total
Nondurable goods industries

adjustbil $
do
do
do
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

530.7

63.7
48.2
15.5
21.2

25.4

••-3.8
27.6

DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income, total
Less* Personal tax and nontax payments

bil $
do

Less: Personal outlays©

do

NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
Manufacturing
Durable goods industries!
Nondurable goods industriesi

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
7.30
3.82
3.48

14.25
5.79
2.96
2.82

15.87
6.50
3.22
3.28

16.08
6.63
3.37
3.25

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

.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

.34
.36
1.12
2.96
1.50
3.18

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

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
26.00
13.50
12.55

64.75
26.35
13.65
12.70

62.65
25.80
12.80
13.00

63.45
26.65
13.65
13.05

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

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

1.55
1.65
4.35
11.60
6.35
12.85

1.40
1.45
3.65
11.65
5 90
12.80

1.60
1.55
1.35
1.50
1.80
1.40
5.35
4.30
4.60
11.45
13.20
10.90
6.15
12.35 3 19. 25 320.65

10 528
7,'l88
200
1 478
1 662

10 645
7,179
219
1 537
1*710

10 912
7,369
205
1 589
1 749

11 059
7,440
205
1 648
1,766

11 371
7,661
335
1 594
1,781

11 377
7,703
336
1 556
1,782

11 513
7,626
245
1 827
1,' 815

11 496
7,478
323
1 882
1,813

11 860
7,924
306
1 742
1,888

U8. 33 2 15. 62
6.50
7.86
4.03
3.28
3.22
3.83
.42
.40
1.32
3.13

.36
.41
.96
2.64

35.20

«4.74

167. 25 2 71. 15
28.10
29.60
14.15
15.10
13.90
14.50

U.S. BALANCE OF INTERNATIONAL
PAYMENTSd"
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants)
mil $
Merchandise, adjusted, excl" military
do
Transfers under military sales contracts
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

12 557 pl3 247
8,325 p 8,840 P 8,243
362
p 405
1 950 v 2 048
1,920 p 1,954

Imports of goods and services
do
—32 296 —38 063 —40 988 —9 020 —9 336 —9 778 —9 929 — 10,078 — 10,108 —10,154 -10,648 -11,534 -11,965 p- 12,369
Merchandise, adjusted, excl. military..
_do
-21,516 -25^ 541 -26,991 -6',036 -6J263 -6,567 -6, 675 -6,686 -6,605 -6,541 -7, 159 -7,867 -8,320 p-8,578 p-8,46
-979 -1,072 -1,065 -1,098 -1, 104 -1,110 -1, 123 p-l,15C
—962
Military expenditures
do
—872
—923
—2 945 —3 736 —4 339
-704
—660
p— 735
—598
2 074
—560
—560
—575
563
556
Income on foreign investments in the U S do
2 293
476
479
1 729
Other services
do
—6 106 —6 712 — 7 365 — 1 636 — 1 671 — 1,693 — 1,712 -1,760 -1,878 -1,940 -1,787 -1,897 -1,818 p- 1,906
Unilateral transfers, net (excl. military grants);
-713
p-754
-641
-642
-845
-859
-730
-647
transfers to foreigners (—)
._
mil. $ -2. 834 -2. 925 -3.075
-845
-732
-701
r
©Personal outlays comprise personal consumption expenditures, interest paid by conRevised.
p Preliminary.
« See note 1 on p. S-l.
sumers, and personal transfer payments to foreigners.
1 Estimates for Oct.-Dec. 1968 based on anticipated capital expenditures of business.
2
§Personal saving is excess of disposable income over personal outlays.
Estimates for Jan.-Mar. 1969 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, 64.53;
Mar., June, Sept., and Dec. issues of the SURVEY.
manufacturing, total, 26.78: durable goods industries, 13.58; nondurable goods industries,
cf More complete details are given in the quarterly reviews in the Mar., June, Sept., and Dec.
13.19; mining, 1.49; railroad, 1.51; transportation, 4.46; public utilities, 11.38; communication,
issues of the SURVEY. Revised data back to 1960 appear on p. 32 ff. of the June 1968 issue.
6.26; commercial and other, 12.65.
»Includes communication.
fSee corresponding note on p. S-l.
9 Includes inventory valuation adjustment.




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