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SURVEY OF CURRENT BUSINESS

July 1969

9

NATIONAL INCOME AND PRODUCT TABLES
1968
1967

II

1968

1968
III

1967

IV

1968

II

Seasonally adjusted at annual rates

1969
III

IV

I

HP

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)

Exports
Imports

-.-

-- - -

_ _ _ _ _

_

-_

Government purchases of goods and services
Federal—
National defense
Other

__

State and local .

707.6

693.3

705.8

712.8

718.5

723.1

430.3 452.6

445.6

449.0

458.2

457.6

462.9

83.3
230.6
222.8

79.5
226.1
215.1

81.8
228.5
220.0

85.8
233.3
225.8

86.3
234.3
230.1

88.4
238.6
235.0

90.4
240.6
239.8

72.8
190.3
167.2

80.7
196.9
175.0

77.7
196.0
171.8

79.5
195.8
173.7

83.0
198.7
176.5

82.7
197.2
177.7

84.3
199.3
179.3

126.3

119.4

126.6

125.2

133.9

135.2

139.9

100.8

105.7

101.2

106.6

104.1

110.9

109.9

119.0

117.7

116.7

118.0

123.4

128.6

130.4

93.9

99.1

99.8

97.6

97.7

101.4

104.0

88.8
29.3
59.5

89.1
29.8
59.4

86.4
28.3
58.1

88.1
29.0
59.1

91.5
30.1
61.4

95.3
32.3
63.0

98.0
31.6
66.3

73.6
22.6
51.0

75.8
22.7
53.2

77.1
23.6
53.5

74.0
22.0
52.0

75.0
22.2
52.7

77.3
22.9
54.4

79.4
23.9
55.5

30.2
29.6
.5

28.6
28.0
.6

30.3
29.7
.6

29.9
29.4
.5

31.9
31.4
.5

33.3
32.8
.5

32.4
31.9
.5

20.3
19.8
.5

23 "^

22.8
.4

22.7
22.2
.5

23.5
23.1
.4

22.7
22.3
.4

24.1
23.7
.4

24.6
24.2
.4

7.4
6.8
6

7.3
7.4
— 1

1.6
1.3
4

9.9
10.3
— 4

7.2
7.5
— 3

10.5
10.7
—.2

6.6
6.6
.0

9.5
9.3
2

6.9
6.3
6

6.6
6.7
— i

1.5
1.1
4

9.0
9.4

6.4
6.7

9.6
9.8
— 2

5.9
5.9

2.5

1.9

3.4

3.6

1.2

1.5

2.0

3.6

.9

.9

1.3

1.7

-.2

-.3

46.2
41.0

50.6
48.1

47.7
45.9

50.7
47.3

53.4
49.7

50.6
49.4

47.6
46.1

58.6
56.6

42.1
38.5

45.6
44.7

43.9
43.0

45.2
43.9

48.0
46.3

45.5
45.7

41.9
42.2

200.3

193.4

198 4

202.5

206.7

210.0

212 5

140 0

148 4

145.6

148.9

148.8

150.2

150.6

90.7
72 4
18.4

99.5
78 0
21.5

96.3
76 1
20.1

99.0
77 9
21.1

100.9
78 8
22.1

101.9
79 3
22.5

101.6
79 0
22.6

100.6
78 7
21 9

74.8

78.9

77.3

79.6

79.2

79.4

78.3

89.3

_

674.6

570.7

180.1

___

_

925.1

562.0

5.2

Change in business inventories
Nonfarm
Farm

_

908.7

550.7

25.0
24.4
.6

Nonresidential _
Structures
Producers' durable equipment
.

892.5

544.9

83.7
27.9
55.7

-

_ _

876.4

530.3

108.6

Gross private domestic investment

Residential structures
Nonfarm _
Farm

858.7

520.6

116.0

- -

Durable goods
Nondurable goods
Services
Fixed investment

835.3

492.3 536.6

100.7

97 1

99 4

101 7

104.8

108 5

111 9

65 2

69 5

68 3

69.3

69.6

70.8

72.3

793.5

_

Personal consumption expenditures

865.7

73.0
215.1
204.2

Gross national product _ _

o

Q

727.3

o

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

793.5

Final sales
Change in business inventories
Goods output

_

865.7

835.3 858.7

876 4

892.5

908 7

925 1

674 6

707 6

693 3

705.8

712 8

718.5

723.1

786 2
7.4

858 4
7.3

833 6
1.6

848 8
9.9

869 2
7.2

882 0
10.5

902 1
6.6

915 6
9.5

667 7
6.9

701 0
6.6

691 8
1.5

696 8
9.0

706 3
6.4

709 0
9.6

727.3

718 2
5.9

398.4

431.1

414.5

429.2

437.0

443.5

447.9

362.7

381.3

370.8

380.8

385.5

388.2

389.1

Final sales
Change in business inventories

391 0
7.4

423 7
73

412 8 419 3
16
99

429 9
7 2

433 0
10 5

441 3
6 6

355 7
69

374 7
66

369 4 371 7
15
9 0

379 1
6 4

378 7
96

383 2
5.9

Durable goods
Final sales.
Change in business inventories

160 9
157 0
39

176 7
171 4
53

168 3 175 7
166 4 168 9
19
68

178 8
173 7
51

184 0
176 6
74

186 4
181 6
48

152 0
148 5
35

162 8
158 0
4 7

156 6
154 8
17

162 3
156 2
61

164 5
159 9
4 5

167 8
161 2
6 5

169 0
164 8
4 2

Nondurable goods
Final sales
Change in business inventories. . .

237.5
234 l
3.5

254.4
252 3
2.0

246.2

246 5
— 3

253.5 258 3
250 4 256 1
21
31

256 4
31

259 7
18

261 5

210 7
207 3
34

218 6 214 3
216 7 214 6
19 — 3

218 4

215 5
2 9

221.1 220.5
219 2 217 5
3.0
19

220.2

316.7

347.5

335.0

343.4

353.2

358.5

365.8

249.1

259.9

255.4

258.9

262.4

262.7

264.6

78.4

87.1

85.8

86.0

86.1

90.6

94.9

62.9

66.4

67.1

66.2

64.8

67.5

69.3

Services
Structures

259 5

9 5

218 4
1.7

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

793.5

865.7

835.3

858.7

876 4

892.5

908.7

674 6

707 6

693 3

705.8

712.8

718.5

723.1

708 2

770 5

743 9

764 9

779 2

794 0

808 5

617 0

647 9

634 6

646 1

652 6

658 3

662.6

681 0
656 6
24 4

740 6
715 7
24 9

715 4
690 5
24 9

734 6
709 8
24 8

749 3
724 i
25 2

763 1
738 4
24 7

776 7
751 1
25 7

597 3
573 5
23 7

627 5
604 2
23 3

615 0
591 0
24 o

625 3
602 3
23 o

632 1
608 8
23 4

637 5
614 6
22 9

641 5
617 8
23 7

16.8

925 1

22.7

25.2

24 3

25 4

25 0

26 0

27 2

15 4

15 9

15 5

16 1

15 7

16 2

Rest of the world. _

4 5

4 7

4 3

4 Q

4 9

4 9

4 5

4 3

4 5

4 1

4 7

4 7

4 g

4 3

General government

85.3

95.2

91.3

93.8

97 1

98 5

100 2

57 6

59 7

58 7

59 8

60 2

60 2

60.5

Preliminary.

353-833 O - 69 - 2



727.3

July 1969

SURVEY OF CURRENT BUSINESS-

17

1.—Gross National Product and National Ineome
Table 1.1.—Gross National Product

1965

1966

1967

1966

1965

1968
I

III

II

I

IV

Millions of dollars

III

II

1968

1967
IV

I

II

HI

IV

I

II

III

IV

Billions of dollars, seasonally adjusted at annual rates

684,884 749,857 793,544 865,701

662.8

675.7

691.1

710.0

729.5

743.3

755.9

770.7

774.2

783.5

800.4

816.1

835.3

858.7

876.4

892.5

Personal consumption expendi432,839 466,334 492,265 536,647
tures

Gross national product

436.3

447.4

457.8

461.9

471.2

474.5

480.9

489.8

495.7

502.6

520.6

530.3

544.9

550.7

64.4
189.7
173.8

66.5
192.4
177 A

68.9
197.8
180.7

71.2
202.6
183.9

68.5
206.4
186.9

71.3
209.6
190.2

71.9
209.1
193.5

70.0
213.2
197.7

73.5
214.4
201.8

73.3
215.8
206.6

75.2
216.8
210.6

79.5
226.1
215.1

81.8
228.5
220.0

85.8
233.3
225.8

86.3
234.3
230.1

105.3

105.3

108.7

113.2

117.5

122.4

119.6

126.2

113.6

109.4

117.7

123.3

119.4

126.6

125.2

133.9

98, 519 106, 628 108, 628 118,970

Fixed in vestment. _.

427.9

65.4
184.4
170.0

108,139 121,431 116,022 126,278

Gross private domestic investment

419.8

66,308 70, 752 73,008 83,342
191,059 206,936 215,059 230,555
175,472 188,646 204,198 222, 750

Durable goods
Nondurable goods
Services

94.5

96.5

99.6

103.5

106.2

106.3

107.7

106.3

104.7

106.1

109.9

113.8

117.7

116.7

118.0

123.4

NonresidentiaLStructures
Producers' durable
equipment .

71,291
25,530

81,586
28,492

83,674
27, 931

88,789
29,297

67.1
23.4

69.5
25.1

72.4
25.8

76.2
27.8

78.8
28.6

80.3
28.2

83.0
29.0

84.2
28.2

83.3
29.0

83.0
27.2

83.5
27.8

85.0
27.8

89.1
29.8

86.4
28.3

88.1
29.0

91.5
30.1

45, 761

53,094

55, 743

59,492

43.7

44.4

46.6

48.3

50.2

52.1

54.0

56.0

54.2

55.8

55.7

57.2

59.4

58.1

59.1

61.4

Residential structures
Nonfarm
.
Farm

27,228
26, 707
521

25,042
24, 501
541

24,954
24,383
571

30,181
29,632
549

27.4
26.8
.5

27.0
26.4
.5

27.2
26.7
5

27.4
26.9
5

27.4
26.9
5

26.0
25.4
5

24.7
24.2
.5

22.1
21.5
.6

21.4
20.9
.6

23.1
22.5
.6

26.5
25.9
.6

28.8
28.3
.6

28.6
28.0
.6

30.3
29.7
.6

29.9
29.4
.5

31.9
31.4
.5

Change in business inventories .
Nonfarm. . _
Farm

9,620
8,647
973

14,803
14,961
-158

7,394
6,779
615

7,308
7,439
-131

10.9
10.3
.6

8.9
8.1
.8

9.1
7.8
1.2

9.7
8.5
13

11.3
10.9
3

16.2
16.2
— 1

11.9
12.4
-.4

19.9
20.4
—.5

9.0
9.1
-.1

3.4
3.0
.3

7.8
7.0
.8

9.5
8.0
1.5

1.6
1.3
.4

9.9
10.3
—.4

7.2
7.5
-.3

10.5
10.7
-.2

6,901

5,279

5,177

2,516

6.2

8.1

7.3

6.0

6.2

5.6

4.4

4.9

5.4

5.8

5.6

3.8

1.9

3.4

3.6

1.2

39,196
32,295

43,360
38,081

46,188
41,011

50,594
48,078

35.2
29.0

40.8
32.7

40.3
33.0

40.5
34.5

42.2
36.0

42.7
37.1

43.7
39.3

44.8
39.9

45.8
40.4

45.9
40.1

46.3
40.7

46.7
42.8

47.7
45.9

50.7
47.3

53.4
49.7

50.6
49.4

Government purchases of goods
137,005 156,813 180,080 200,260
and services

131.5

134.4

138.9

143.3

148.0

153.4

160.7

165.2

174.2

178.5

181.3

186.4

193.4

198.4

202.5

206.7

Net exports of goods and
services
Exports
Imports

FederalNational defense
Other

66,897
50,134
16, 763

77, 773
60,688
17,085

90, 744
72,353
18,391

99,515
78,031
21,484

64.4
48.6
15.8

65.5
49.2
16.2

67.6
50.1
17.4

70.1
52.5
17.6

72.8
55.3
17.5

75.6
58.5
17.2

80.5
63.3
17.2

82.1
65.6
16.5

87.8
69.9
17.9

90.3
71.9
18.4

91.3
73.0
18.4

93.5
74.6
18.9

96.3
76.1
20.1

99.0
77.9
21.1

100.9
78.8
22.1

101.9
79.3
22.5

State and local

70,108

79,040

89,336 100,745

67.0

68.9

71.3

73.2

75.2

77.7

80.1

83.0

86.4

88.1

90.0

92.9

97.1

99.4

101.7

104.8

Table 1.2.—Gross National Product in Constant Dollars
[Billions of 1958 dollars]

1966

1965
1965

1966

1967

1968

I

II

III

VI

I

II

1968

1967
III

IV

I

III

II

IV

I

II

III

IV

Seasonally adjusted at annual rates
617.8

658.1

674.6

707.6

601.6

610.4

622.5

636.6

649.1

655.0

660.2

668.1

666.5

670.5

678.0

683.5

693.3

705.8

712.8

718.5

397.7

418.1

430.3

452.6

387.9

393.4

400.3

409.2

415.3

415.1

421.3

420.7

424.4

430.5

431.9

434.3

445.6

449.0

458.2

457.6

66.6
178.6
152.5

71.7
187.0
159.4

72.8
190.3
167.2

80.7
196.9
175.0

65.1
174.0
148.7

64.3
177.8
151.3

67.1
179.4
153.8

69.8
183.3
156.1

72.7
185.2
157.4

69.6
186.9
158.5

72.3
188.7
160.2

72.3
187.0
161.5

70.3
190.2
163.9

73.9
190.6
166.1

73.0
190.3
168.6

73.9
190.2
170.3

77.7
196.0
171.8

79.5
195.8
173.7

83.0
198.7
176.5

82.7
197.2
177.7

99.2

109.3

100.8

105.7

96.9

96.8

99.6

103.4

106.9

110.8

107.1

112.5

100.5

95.7

101.6

105.4

101.2

106.6

104.1

110.9

90.1

95.4

93.9

99.1

87.0

88.5

91.1

94.0

96.2

95.4

96.0

94.0

92.0

92.6

94.3

96.7

99.8

97.6

97.7

101.4

66.3
22.3

74.1
24.0

73.6
22.6

75.8
22.7

62.8
20.7

64.8
22.1

67.3
22.4

70.3
23.9

72.5
24.5

73.2
23.8

75.0
24.2

75.4
23.4

74.1
23.8

73.5
22.1

73.1
22.3

73.8
22.1

77.1
23.6

74.0
22.0

75.0
22.2

77.3
22.9

44.0

50.1

51.0

53.2

42.1

42.7

45.0

46.4

48.1

49.4

50.9

52.0

50.3

51.4

50.8

51.6

53.5

52.0

52.7

54.4

_ _

23.8
23.4
.5

21.3
20.9
.5

20.3
19.8
.5

23.3
22.8
.4

24.1
23.7
.5

23.7
23.2
.5

23.8
23.3
.5

23.8
23.3
.5

23.6
23.2
.5

22.2
21.7
.5

20.9
20.4
.5

18.6
18.1
.5

17.9
17.4
.5

19.0
18.6
.5

21.2
20.7
.5

23.0
22.5
.5

22.7
22.2
.5

23.5
23.1
.4

22.7
22.3
.4

24.1
23.7
.4

Change in business inventories
Nonfarm
_
Farm

9.0
8.1
.9

13.9
14.1
-.2

6.9
6.3
.6

6.6
6.7
-.1

10.0
9.4
.6

8.3
7.5
.8

8.6
7.4
1.2

9.3
8.2
1.2

10.7
10.4
.3

15.3
15.4
-.1

11.1
11.5
-.4

18.5
19.0
-.5

8.5
8.6
-.1

3.1
2.8
.3

7.4
6.6
.8

8.7
7.3
1.4

1.5
1.1
.4

9.0
9.4
-.3

6.4
6.7
-.3

9.6
9.8
-.2

Gross national product
Personal consumption
expenditures
Durable goods
Nondurable goods
Services.
,. _ _ . _

__ __

Gross private domestic
investment
Fixed investment

_

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

....

Net exports of goods and services
Exports
Imports
Government purchases of goods and
services
Federal

State and local


6.2

4.2

3.6

.9

5.4

7.0

6.7

5.7

5.5

4.8

3.2

3.3

4.0

4.2

4.1

2.0

.9

1.3

1.7

-.2

37.4
31.2

40.2
36.1

42.1
38.5

45.6
44.7

33.7
28.3

39.0
32.0

38.4
31.8

38.6
32.9

40.0
34.5

39.9
35.1

40.3
37.1

40.7
37.5

41.8
37.8

41.9
37.8

42.2
38.1

42.5
40.5

43.9
43.0

45.2
43.9

48.0
46.3

45.5
45.7

114.7

126.5

148.4

111.4

113.1

115.9

118.4

121.4

124.3

128.7

131.6

137.6

140.1

141.7

145.6

148.9

148.8

150.2

75.7
66.0

77.3
68.3

79.6
69.3

79.2
69.6

79.4
70.8

57.9
56.8

65.4
61.1

140.0

74.8
65.2

78.9
69.5

56.4
55.0

57.2
56.0

58.5
57.4

59.6
58.7

62.0
59.4

63.8
60.5

67.3
61.4

68.6
63.0

72.8
64.8

75.1
65.0

140.4

75.5
64.9

SURVEY OF CURRENT BUSINESS

18

July 1969

Table 1.3.—Gross National Product by Major Type of Product

[In billions of dollars]
1966

1965
1965

1966

1967

1968

I

III

II

IV

I

1967
III

II

I

IV

1968

II

III

IV

I

II

III

IV

Seasonally adjusted at annual rates
684.9

749.9

793.5

865.7

662.8

675.7

691.1

710.0

729.5

743.3

755.9

770.7

774.2

783.5

800.4

816.1

835.3

858.7

876.4

892.5

675.3
Final sales
Change in business inventories. _ 9.6

735.1
14.8

786.2
7.4

858.4
7.3

651.9
10.9

666.8
8.9

682.1
9.1

700.3
9.7

718.2
11.3

727. 1
16.2

744.0
11.9

750.8
19.9

765.2
9.0

780.2
3.4

792.6
7.8

806.6
9.5

833.6
1.6

848.8
9.9

869.2
7.2

882.0
10.5

Gross national product

347.2

383.3

398.4

431.1

336.7

341.9

349.7

360.8

371.0

379.7

385.3

397.1

391.5

395.9

401.1

405. 3

414.5

429.2

437.0

443.5

337.6
Final sales
9.6
Change in business inventories..

368.5
14.8

391.0
7.4

423.7
7.3

325.8
10.9

333.1
8.9

340.7
9.1

351.1
9.7

359.7
11.3

363.5
16.2

373.4
11.9

377.2
19.9

382.5
9.0

392.5
3.4

393.3
7.8

395.8
9.5

412.8
1.6

419.3
9.9

429.9
7.2

433.0
10.5

139.6
Durable goods
133.0
Final sales
6.7
Change in business inventories..

156. 7
146.2
10.5

160.9
157.0
3.9

176.7
171.4
5.3

137.6
129.2
8.4

136.9
129.9
6.9

140.9
134.1
6.8

143.2
138.5
4.6

150.3
142.2
8.2

153.1
142.6
10.6

158.3
148.1
10.2

165.0
151.8
13.2

156.1
151.9
4.2

159.9
158.3
1.5

162.2
157.7
4.4

165.5
160.0
5.6

168.3
166.4
1.9

175.7
168.9
6.8

178.8
173.7
5.1

184.0
176.6
7.4

207.6
Nondurable goods
Final sales
.
204.7
3.0
Change in business inventories..

226.6
222.3
4.3

237.5
234.1
3.5

254.4
252.3
2.0

199.1
196.6
2.5

205.1
203.1
1.9

208.8
206.5
2.3

217.6
212.5
5.1

220.7 226.5
217.6 220.9
3.1
5.6

227.0
225.3
1.7

232.0
225.4
6.7

235. 4
230.7
4.7

236.0
234.2
1.8

238.9
235.5
3.4

239.8
235.9
3.9

246.2
246.5
-.3

253.5
250.4
3.1

258.3
256.1
2.1

259.5
256.4
3.1

262.9

289.1

316.7

347.5

254.6

260.0

265.8

271.0

279.0

285.8

293.2

298.4

306.4

312.0

320.1

328.4

335.0

343.4

353.2

358.5

74.8

77.5

78.4

87.1

71.5

73.7

75.6

79.6

77.9

77.4

75.3

76.3

75.6

79.3

82.4

85.8

86.0

86.1

90.6

Goods output

Services
Structures

78.2

Table 1.4.—Gross National Product by Major Type of Product and
Purchaser

Table 1.6.—Gross National Product by Major Type of Product and
Purchaser in Constant Dollars

[Billions of dollars]

[Billions of 1958 dollars]
1965

Gross national product..

Nondurable goods
__ _
Persona] consumption expenditures.. _.
Government purchases
Net exports
Change in business inventories

__ _
_ _

Services
Personal consumption expenditures
Government purchases
_ _ _ _ _ _
Net exports
Structures _.
Private structures
Government structures

_ _ _ _

_ __

793.5

865.7

156.7
70.8
53.1
20.0
2.3
10.5

160.9
73.0
55 7
25.9
2.4
3.9

176.7
83.3
59.5
28.1
.4
5.3

Durable goods.
Personal consumption expenditures
Producers' durable equipment
Government purchases
N e t exports _ _ _
Change in business inventories

226.6
206.9
13.7
1.6
4.3

237.5
215.1
17.5
1.5
3.5

254.4
230.6
21.6
.2
2.0

Nondurable goods _ _
_
Personal consumption expenditures __ _
Government purchases
_ _
Net exports
Change in business inventories. _

262.9
175.5
85.2
2.2

______
_ _ _

749.9

139.6
66.3
45.8
17.5
3.4
6.7

207.6
191.1
12.3
1.4
3.0

__

1967

684.9

_ _

Durable goods
__
Personal consumption expenditures
Producers' durable equipment
Government purchases
N e t exports
_ _ _ _ _ __
Change in business inventories

1966

289.1
188.6
99.1
1.4

316.7
204.2
111.2
1.3

347.5
222.8
122.9
1.9

Services
Personal consumption expenditures
Government purchases
Net exports

74.8
52.8
22.0

77.5
53.5
24.0

78.4
52.9
25.5

87.1
59.5
27.6

1968

1965

_

1967

617.8

658.1

674.6

707.6

136.5
66.6
44.0
16.8
2.7
6.5

151.8
71.7
50.1
18.7
1.4
98

152.0
72.8
51.0
23.5
1.2
3.5

162.8
80.7
53.2
24 9
-.8
4 7

194.2
178.6
12.3
.7
2.6

205.1
187.0
13.2
.8
4.1

210.7
190.3
16.5
.5
3.4

218.6
196.9
20.5
-.8
1.9

._ _

221.9
152.5
66.6
2.8

236.3
159.4
74.9
2.0

249.1
167.2
80.0
1.8

259.9
175.0
82.4
2.5

^

Gross national product

1966

65.2
46.1
19.1

65.0
45.3
19.7

62.9
42.9
20.0

66.4
45.9
20.5

__
_ _ _

_

__
_
__ _ _

Structures
Private structures _
Government structures

1968

Table 1.5.—Gross National Product by Major Type of Product in Constant Dollars

[Billions of 1958 dollars]

1965

1966

1967

1968

I

II

III

VI

I

II

1968

1967

1966

1965

III

IV

I

III

IV

I

II

678.0

683.5

693.3

705.8

II

III

IV

Seasonally adjusted at annual rates
Gross national product

617.8

Final sales
_.
608.8
Change in business inventories. . 9.0

658.1

644.2
13.9

674.6
667.7
6.9

707.6
701.0
6.6

601.6
591.7
10.0

610.4
602.1
8.3

622.5
614.0
8.6

636.6
627.3
9.3

649.1

655.0

638.4
10.7

639.6
15.3

660.2
649.1
11.1

668.1

649.5
18.5

666.5
658.0
8.5

670.5
667.4
3.1

670.7
7.4

674.8
8.7

691.8
1.5

696.8
9.0

712.8

718.5

706.3
6.4

709.0
9.6

330.7

356.8

362.7

381.3

321.9

325.5

333.0

342.5

349.7

354.7

357.4

365.5

359.2

362.3

364.2

365.0

370.8

380.8

385.5

388. 2

Final sales
321.7
Change in business inventories. _
9.0

342.9
13.9

355.7
6.9

374.7
6.6

312.0
10.0

317.2
8.3

324.4
8.6

333.2
9.3

339. 1 ' 339.4
15.3
10.7

346.2
11.1

346.9
18.5

350.7
8.5

359.2 356.8
3.1
7.4

356.3
8.7

369.4
1.5

371.7
9.0

379.1
6.4

378.7
9.6

Durable goods
136.5
130.1
Final sales
Change in business inventories. _
6.5

151.8
141.9
9.8

152.0
148.5
3.5

162.8
158.0
4.7

134.3
126.1
8.2

133.3
126.6
6.7

138.1
131.6
6.5

140.4
136.0
4.4

147.5
139.8
7.7

149.0
139.0
9.9

153.0
143.5
9.5

157.6
145.4
12.2

148.8
145.0
3.8

152.1
150.8
1.3

153.0
148.9
4.1

154.1
149.2
4.9

156.6
1518
1.7

162.3
156.2
6.1

164.5
159.9
4.5

167.8
161.2
6.5

Nondurable goods
194.2
Final sales
191.6
Change in business inventories. _ 2.6

205.1
201.0
4.1

210.7
207.3
3.4

218.6
216.7
1.9

187.6
185.9
1.8

192.2
190.6
1.6

194.9
192.9
2.1

202.1
197.2
4.9

202.3
199.3
3.0

205.7
200.3
5.4

204.4
202.8
1.6

207.8
201.5
6.3

210.4
205.7
4.7

210.2
208.4
1.8

211.2
207.9
3.3

210.9
207.1
3.8

214.3
214.6
-.3

218.4
215.5
2.9

221.1
219.2
1.9

220.5
217.5
3.0

221.9

236.3

249.1

259.9

216.6

220.3

224.0

226.7

231.5

234.7

238.5

240.5

244.8

246.9

251.0

253.7

255.4

258.9

262.4

262.7

65.2

65.0

62.9

66.4

63.1

64.6

65.6

67.4

67.9

65.6

64.3

62.1

62.5

61.3

62.9

64.9

67.1

66.2

64.8

67.5

Goods output

Services
Structures




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.
1966

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

1966

1967 | 1968

II

Annual total

1967

| III

IV

I

II

1969

1968

IV

III

i | n

III

|

IV

I

11*

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
Gross national product, total t —

-

Personal consumption expenditures, total

bil. $

r

749. 9

r

793. 5 '865 7 '743 3

r

755 9

r

' 774 2 '783 5 ' 800 4 r 816 1 '835 3 '858 7 r 876 4

'892 5 '908 7

925.1

550.7

562.0

570.7

86 3
39 0
34 6

88 4
39 4
35.5

90 4
39 9
36.5

3
3
4
5

238 6
48 1
118 4
20 4

240 6
49 7
118.0
21 1

225 8
31 6
77 9
16 3

230 1
31 9
79 8
16 5

235 0
32 7
81 3
17 1

239 8
33 1
82 9
17 3

126 6

125 2

133 9

135 2

139 9

116 7
86 4
28 3
58 1
30 3
29 7
99
10 3

118 0
88 1
29 0
59 1
29 9
29 4
7 2
75

123 4
91 5
30 1
61 4
31.9
31 4
10 5
10 7

128 6
95 3
32 3
63 0
33 3
32 8
66
66

130 4
98 0
31 6
66 3
32.4
31 9
9 5
93

1.9
47 7
45 9

3.4
50 7
47 3

3.6
53 4
49 7

1.2
50 6
49 4

1.5
47 6
46 1

2.0
58 6
56 6

193.4
96 3
76 1
97 1

198.4
99 0
77 9
99 4

202.5
100 9
78 8
101 7

206.7
101 9
79 3
104 8

210.0
101 6
79 0
108 5

212.5
100 6
78 7
111 9

750 8 ' 765 2 '780 2 ' 792 6 '806 6 '833 6 '848 8 '869 2 '882 0 '902 1
382 5
392 5
377 2
393 3
395 8
412 8
419 3 429 9
441 3
433 0
151 9
158 3
168 9
181 6
151 8
157 7
176 6
173 7
160 0
166 4
225 4
235 5
259 7
230 7
234.2
235 9
256 4
250 4
256 1
246 5
298 4
306 4
312 0
343 4
358 5
353 2
365 8
320 1 328 4
335 0
76 3
75 6
82 4
94 9
75 3
79 3
86 0
86 1
90 6
85 8

915 6

6.6
4 8
18

9.5

770 7

do

466.3

492.3

536.6

461.9

471.2

474.5

480.9

489.8

495.7

502.6

520.6

530.3

544.9

do
_ do
do

70 8
30.3
29.9

73 0
30.5
31.3

83 3
37.0
34.2

68 5
28 9
29.4

71 3
30 2
30.6

71 9
30 5
30.7

70 0
28 4
30.7

73 5
31 3
31.2

73 3
30 9
31 2

75 2
31 2
32 2

79 5
34 8
33 4

81 8
35 6
33 8

85 8
38 6
35 0

do
do
do
do

206 9
40.3
105.8
16 6

215 1
42 5
108.1
17 7

230 6
46 3
115.0
19 1

206 4
39 9
106.0
16 5

209 6
41 1
106 7
16 7

209 1
40 9
105.6
17 0

213 2
41 7
107.8
17 3

214 4
42 6
107.6
17 5

215 8
42 9
108 1
17 9

216 8
42 7
108 9
18 1

226 1
45 0
112 6
18 9

228 5
45 6
114 8
18 8

233 3
47 4
116 1
19 5

234
47
116
19

do
_ .do
do
do

188 6
27.1
67 5
13.6

204 2
29.1
71 8
14 7

222 8
31.2
77 4
16 1

186 9
26 9
67 0
13 5

190 2
27 6
67 9
13 6

193 5
27 9
69 0
14 1

197 7
28 2
70 1
14 4

201 8
29 0
71 1
14 5

206
29
72
14

6
3
3
8

210 6
30 1
73 7
15 0

215 1
30 5
75 2
15 5

220 0
30 7
76 7
15 9

do

121.4

116 0

126 3

122 4

119 6

126 2

113 6

109 4

117 7

123 3

119 4

Fixed investment
do
NonresidentiaL . _ _
_. do
Structures
do
Producers' durable equipment _ _ _ do
Residential structures
do
Nonfarm
do
Change in business inventories
_do
Nonfarm
do

106 6
81.6
28 5
53.1
25.0
24.5
14.8
15 0

108 6
83.7
27 9
55 7
25.0
24 4
7.4
68

119 0
88 8
29 3
59 5
30.2
29 6
7.3
74

106 3
80 3
28 2
52 1
26.0
25 4
16.2
16 2

107 7
83 0
29 0
54 0
24.7
24 2
11 9
12 4

106 3
84 2
28 2
56 0
22.1
21 5
19 9
20 4

104 7
83 3
29 0
54 2
21.4
20 9
90
91

106 1
83 0
27 2
55 8
23.1
22 5
34
30

109 9
83 5
27 8
55 7
26.5
25 9
78
70

113 8
85 0
27 8
57 2
28 8
28 3
9 5
80

117 7
89 1
29 8
59 4
28 6
28 0
16
13

do
do
do

5.3
43.4
38 1

5.2
46.2
41 0

2.5
50 6
48 1

5.6
42 7
37 1

4.4
43 7
39 3

4.9
44 8
39 9

5.4
45 8
40 4

5.8
45 9
40 1

5.6
46 3
40 7

3.8
46 7
42 g

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

156.8
77.8
60.7
79 0

180.1
90 7
72.4
89 3

200.3
99 5
78 0
100 7

153.4
75 6
58 5
77 7

160.7
80 5
63 3
80 1

165.2
82 1
65 6
83 0

174.2
87 8
69 9
86 4

178.5
90 3
71 9
88 1

181.3
91 3
73 0
90 0

186.4
93 5
74 6
92 9

Durable goods, total 9
Automobiles and parts
Furniture and household equipment
Nondurable goods, total 9
Clothing and shoes _
Food and beverages
Gasoline and oil
Services total 9
Household operation
Housing
Transportation
__
Gross private domestic investment, total

Net exports of goods and services.
Exports
..
Imports

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

_

do
do
do
.....do
do
do

Change in business inventories
do
Durable goods
. . . do.
Nondurable goods
_ ._ _ _
do

r

735. 1
368 5
146 2
222.3
289 1
77 5
'14.8
10.5
4 3

T

786 2
391 o
157 0
234.1
316 7
78 4

'7.4
3.9
35

r

858 4
423 7
171 4
252 3
347 5
87 1
'7.3
53
2o

r

727 1
363 5
142 6
220 9
285 8
77 9

1

T

744 0
373 4
148 1
225 3
293 2
77 4

r

'11.9
10 2
17

'19.9
13 2
67

'658 1 T 674 e r 707 6 T 655 o r ego 2

r 668 1

••16. 2
10 6
56

'9.0
4 2
4 7

'3.4
1.5
18

'7.8
4 4
34

'9.5
56
39

'1.6
19
— 3

'9.9
68
31

'7.2
51
21

' 10.5
74
31

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

bil $

r 666 5 r 670 5 ' 678 0 r 683 5 r 693 3 ' 705 8 r 712 8

' 718 5 ' 723 1

do._.

418.1

430.3

452.6

415.1

421.3

420.7

424.4

430.5

431.9

434.3

445 6

449.0

458.2

457.6

do
do
do

71.7
187 0
159.4

72.8
190 3
167.2

80.7
196 9
175 0

69.6
186 9
158 5

72 3
188 7
160 2

72.3
187 0
161.5

70.3
190 2
163.9

73.9
190 6
166 1

73 0
190 3
168 6

73 9
190 2
170 3

77 7
196 0
171 8

79.5
195 8
173 7

83.0
198 7
176 5

82.7
197 2
177.7

84.3
199 3
179.3

do

109.3

100.8

105.7

110.8

107.1

112.5

100.5

95.7

101.6

105.4

101.2

106.6

104.1

110.9

109.9

do...
do
do
do

95.4
74.1
21 3
13 9

93.9
73 6
20 3
69

99.1
75 8
23 3
66

95.4
73 2
22 2
15 3

96.0
75 0
20 °
11 1

94.0
75 4
18 6
18 5

92.0
74 1
17 9
85

92.6
73 5
19 0
31

94.3
73 1
21 2
74

96.7
73 8
23 0
87

99.8
77 1
29 7
15

97.6
74 0
23 5
9o

97.7
75 0
22 7
64

101.4
77 3
24 1
96

104.0
79.4
24 6
59

do...

4.2

3.6

.9

4.8

3.2

0 O

4.0

4.2

4. 1

2.0

.9

1.3

Govt. purchases of goods and services, total.. do.
126.5
148.4
124.3
140.0
128.7
Federal
_
do
74 8
78 9
65 4
63 8
67 3
State and local
. .
.do
61.1
65.2
69.5
60.5
61.4
' Revised.
" Preliminary.
t Revised series. Estimates of national income and product
and personal income have been revised back to 1965 (see p. 13 ff. of this issue of the SURVEY);

137.6
140.4
141.7
148.9
131.6
140.1
145 6
72 8
79 6
68 6
75 1
75 5
75 7
77 3
63.0
64.8
65.0
64.9
66.0
68.3
69.3
revisions prior to May 1968 for personal income appear on p.
9 Includes data not shown separately.

-.3

1.7

148.8
150.2
79 4
79 2
70.8
69.6
26 ff. of this issue

150.6
78 3
72.3
of the SURVEY.

s-i
353-833 O - 69 - SI




727 3

462.9

July 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

1966

|

1967

196S

1966

Annual total

III

IV

I

II

1969

1968

1967
III

IV

I

II

III

IV

I

HP

III

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
National income, totalf

bil $

467.4

513.6

441.4

449.7

456.2

461.1

470.7

481.7

495.1

507.0

519.8

532.3

546.0

558.0

394.5
316.8
14.6
63.1
41.0

423.5
337.3
16.2
70.0
43.9

465.0
369.0
18.0
78.0
48.6

400.0
320.9
14.9
64.1
41.4

407.4
326.2
15.5
65.7
42.3

413.2
330.2
15.8
67.2
43.0

417.7
333.0
15.9
68.8
43.4

426.5
339.6
16.1
70.8
44.2

436.5
346.3
17.0
73.2
45.1

448.2
355.9
17.3
75.0
47.0

459.0
364.5
17.6
76.8
48.0

470.7
392.7
18.7
79.3
49.1

482.1
382.8
18.3
80.9
50.2

493.3
392.5
18.2
82.5
52.7

504.1
401.8
18.4
84.0
53.8

do
do
do
do

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

435.5

do
do
do
do
do

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

' 620. 6

do

Compensation of employees, total

61.3
45.2
16.1
20.0

61.9
47.2
14.7
20.8

63.8
49.2
14.6
21.2

61.1
45.4
15.7
20.1

60.8
45.8
15.0
20.3

60.8
46.5
14.3
20.6

61.7
47.1
14.7
20.8

62.6
47.8
14.8
20.9

62.3
47.5
14.9
21.0

63.2
48.4
14.8
21.1

63.6
49.2
14.3
21.2

64.1
49.3
14.8
21.2

64.1
49.7
14.4
21.4

64.6
49.7
14.9
21.5

66.7
50.3
16.4
21.6

82.4

79.2

87.9

82.5

83.7

78.3

78.3

79.1

81.1

82.5

88.2

90.6

90.3

89.5

9.7
72.7
42.6
18.6
24.0

10.5
68.8
39.0
18.1
20.9

11.5
76.4
44.4
19.9
24.5

9.9
72.6
42.5
18.7
23.7

10.1
73.6
42.9
18.7
24.2

10.2
68.1
39.2
18.2
21.0

10.3
68.0
38.8
17.9
20.8

10.5
68.6
38.3
18.0
20.4

10.8
70.3
39.5
18.3
21.2

11.0
71.6
41.1
19.1
22.0

11.2
76.9
44.9
19.8
25.1

12.1
78.5
45.4
20.4
25.0

11.9
78.5
46.2
20.4
25.8

12.3
77.2
45.1
20.3
24.7

11.9
18.2

10.8
19.0

11.6
20.4

11.9
18.3

11.9
18.9

10.9
18.0

10.7
18.5

10.8
19.5

10.9
19.9

11.3
19.1

11.5
20.6

12.0
21.0

11.6
20.7

11.8
20.3

84.1
34.3
49.9
20.8
29.1
-1.8
21 A

80.3
33.0
47.3
21.5
25.9
-1.1
24.7

91.1
41.3
49.8
23.1
26.7
-3.2
28.0

85.5
34.9
50.7
20.7
29.9
-3.0
21.8

83.2
33.9
49.3
20.2
29.1
.5
22.8

78.4
32.3
46.1
21.1
24.9
-.1
23.5

79.1
32.6
46.4
21.7
24.8
-.7
24.3

79.5
32.5
47.0
22.0
25.0
-.4
25.1

84.4
34.5
49.9
21.1
28.8
-3.3
25.9

87.9
39.9
47.9
22.2
25.7
-5.3
26.7

90.7
41.1
49.7
22.9
26.7
-2.6
27.5

91.5
41.4
50.0
23.6
26.5
-.9
28.4

94.5
42.9
51.6
23.8
27.8
-4.2
29.3

95.5
<43.9
51.7
23.8
27.9
-6.1
29.8

-6.3
30.3

592. 9 ' 605. 0 ' 615. 2 ' 622. 2 '634.5 '645.9 ' 664. 3 '680.1 ' 696. 1 ' 711. 2 ' 724. 4
107.0
113.7
89.3
92.7
80.8
80.6
84.1
86.1
102.6
79.4
76.9
604.3
534.4
587.4
593.4
610.7
559.8
541.6
550.3
575.0
525.6
515.9
566.2
545.1
560.2
577.7
516.6
503.9
535.1
484.3 487.8 494.5
509.7
38.0
39.9
42.3
33.2
33.0
40.0
43.1
37.7
40.7
31.6
37.7

740.7
117.7
623.0
586.6
36.4

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

'654.0 '714.4 ' 626. 9 ' 637. 3 '639.3 '646.2 ' 658. 5 ' 672. 0 '688.8 '707.4 ' 724. 1 ' 737. 3 ' 751. 3

24.3

DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
r

bil. $
do
do
do
do

'587.2
75.4
511.9
479.3
32.5

bil $
do
do
do

60.63
26.99
13.99
13.00

61.66
26.69
13.70
13.00

64.08
26.44
13.51
12.93

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

15.86
6.50
3.22
3.28

16.02
6.63
3.37
3.25

17.95
7.52
3.95
3.57

do
do
do
do
do
do

1.47
1.9S
3.44
8.41
5.62
12.74

1.42
1.53
3.88
9.88
5.91
12.34

1.42
1.34
4.31
11.54
6.36
12.67

.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
.36
1.04
2.97
1.51
3.11

.34
.30
1.12
2.96
1.50
3.18

.35
.30
1.18
3.28
1.86
3.46

do...
do
do...
do

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

62.60
25.80
12.80
13.00

63.20
26.65
13.65
13.05

65.90
26.85
13.90
12.95

68.90 * 72. 00 2 73. 45
28.20 30.30 30.75
15.85
16.00
15.00
14.45
14.75
13.20

do.
_ do
do
do. _
do
do

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
1.40
3.65
11.65
5.90
12.80

1.35
1.20
4.60
10.90
6.15
12.35

1.35
1.15
4.80
12.00
6.95
12.75

1.55
1.35
4.80
13.05
7.25
12.75

10, 936
7,412
'202
1,573
1,748

11, 196
7,564
210
1,640
1,782

11,461
7,688
333
1,612
1,828

11, 484
7,723
335
1,580
1,846

11, 577
7,669
239
1,801
1,868

11, 667
7,601
332
1,879
1,855

11,934
7,941
305
1,771
1,917

12,668
8,395
353
1,973
1,947

13, 344
8,879
406
2,040
2,019

12, 653
8,383
364
1,917
1,989

11, 890
7,474
p 416
2,075
1,925

-38, 082 -41,012 -48,077 -9, 836 -9, 973
Imports of goods and services
do
Merchandise, adjusted, excl. military
do
-25,463 -26,821 -32,972 -6, 595 -6, 676
Military expenditures
do
-3, 764 -4, 378 -4, 530 -975
-987
Income on foreign investments in the U.S._do
- 2, 142 -2,362 -2,932 -569
-591
Other services .
do
-6, 713 -7,451 -7,643 -1,697 -1,719
Unilateral transfers, net (excl. military grants);
transfers to foreigners (—)
mil. $ ! -2,833 -2,998 -2,865 -682
-640
r
Revised.
p Preliminary.
c Corrected,
i Estimates for Apr.-June 1969 based on anticipated capital expenditu res of bu siness.
2
Estimates for July-Sept. 1969 based on anticip ated capi tal expen ditures of busin ess.
Anticipated expenditures for the year 1969 are as fc>llows (in bil. $): J>ill industries, 72 17;
manufacturing, total, 29.99; durable goods industri es, 15.61; nondural)le goods industr les,
14.38; mining, 1.58; railroad, 1.54; transportation, 4.83; public u tilities, 13 09; cominunication,
7.60; commercial and other, 13.54. 3 Includes commi inication. * T h e <estimate of corpor ate
income tax assumes continuance of the surcharge a t 10 perce nt and di scontinu ance of the
investment tax credit.

-10,100
-6, 660
-1,085
-584
-1,771

-10,033
-6,465
-1,075
-591
-1,902

-10,173
-6, 542
-1,106
-580
-1,945

-10,706
-7, 154
-1,112
-607
-1,833

-11,463
-7,817
-1,102
-671
-1,873

-11,827
-8, 131
-1,116
-742
-1,838

-12,435
-8, 566
-1,143
-770
-1,956

-12,352
-8,458
-1,169
-749
-1,976

-11,525
-7,577
-1,198
p-894
"- 1,856

Personal income, total
Less: Personal tax and nontax payments
Equals: Disposable personal income
Less: Personal outlays©
Equals: Personal saving§._

'629.4 ' 687. 9
82.9
97.9
546.5
590.0
506.2
551.6
40.4
38.4

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
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.. _ .

15.21 1 18. 21 2 18. 49
6.21
7.60
7.63
3.95
3.26
3.96
2.95
3.65
3.68
.36
.32
1.06
2.66
1.68
2.91

.43
.38
1.24
3.40

.39
.40
1.24
3.50

35.17

35.33

1.70
1.45
4.35
13.30

1.55
1.70
5.10
13.15

320.95 3 21. 25

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




43, 361
29,389
829
6,252
6,891

46, 189
30,681
1,239
6,872
7,397

50, 599
33, 598
1,428
7,701
7,872

-774
-691
-823
-648
-690
-766
p-607
-836
-635
tSee correspcmding n ote on p. S-l.
9 Includejs invent ory valu<ition adj ustment.
0P€ rsonal o utlays c()mprise personal cons u in t >tion exp enditure s, intere st paid by consumer s, and pe rsonal tr ansfer pa yments t o foreign ers.
§Per sonal sa^ring is ex cess of di sposable income c>ver pers raal outl ays.
IfDa ta for in lividual durable and nonelurable g oods ind ustries oomponen ts appear in the
Mar., JFune, Sep)t., and I)ec. issue)s of the £SURVEY.
cfM ore com p lete deta Is are given in the quarterl:7 reviews in the M ar., June3, Sept., and Dec.
issues of the Su RVEY. B evised d ata back to 1960 appear 01i p. 29 ffof the J une 1969 issue.

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