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SURVEY OF CURRENT BUSINESS

September 1969

NATIONAL INCOME AND PRODUCT TABLES
1968
1967

II

1968

1969
III

1969

1968

II

IV

1967

II

1968

Seasonally adjusted at annual rates

III

II

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)
Gross national product.

793.5

865.7

835.3

858.7

876.4

892.5

908.7

924.8

674.6

707.6

693.3

705.8

712.8

718.5

723.1

726 7

Personal consumption expenditures

492.3

536.6

520.6

530.3

544.9

550.7

562.0

572.8 430.3

452.6

445.6

449.0

458.2

457.6

462.9

466.2

73.0
215 1
204.2

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

90.6
242 1
240.1

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

85.9
199 3
181 0

Durable goods
Nondurable goods
Services

__.___.
_

__ _

_

_.

116.0

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

_. _ _ .

_.

__

_

Change in business inventories..
Nonfarm
Farm

_

Net exports of goods and services

126.6

125.2

133.9

135.2

137.4

100.8

105.7

101.2

106.6

104.1

110.9

109.9

110.8

117.7

116.7

118 0

123 4

128 6

130 5

93 9

99 1

99.8

97.6

97.7

101.4

104.0

104 8

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

97 8
32 1
65.7

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

81 0
23.3
57.7

25.0
24 4
.6

__ _

119.4

119.0

83 7
27.9
55.7

Fixed investment

126.3

108 6

Gross private domestic investment

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

32.7
32 2
5

20.3
19 8
5

23.3
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

23.8
23 4
.4

7 4
6.8
6

7.3
7.4
_ i

1.6
1.3
4

9.9
10.3
— 4

7.2
7.5
— 3

10 5
10.7
_ 2

66
6.6

69
6.7
2

69
6.3
6

6.6
6.7
— i

1.5
1.1
.4

9.0
9.4
-.3

6.4
6.7
—.3

9.6
9.8
—.2

5.9
5.9
.0

6.0
5.8
.2

o

52

Government purchases of goods and services

25

1.9

34

36

12

15

16

36

.9

.9

1.3

1.7

-.2

-.3

— .5

46.2
41 0

Exports
Imports

50 6
48 1

47.7
45 9

50.7
47 3

53 4
49 7

50.6
49 4

47.6
46 1

57.1
55 5

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

50.4
50.8

180 1

200 3

193 4

198 4

202 5

206 7

210 0

212 9

140 0

148 4

145 6

148.9

148.8

150.2

150.6

150.2

"Federal
National defense .
Other .

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 5
22 1

74 8

78 9

77.3

79.6

79.2

79.4

78.3

76.3

State and local . .

89 3

100 7

97 1

99 4

101 7

104 8

108 5

112 3

65 2

69 5

68 3

69 3

69.6

70 8

72.3

73.9

712.8

718.5

723.1

726.7

717.2
5.9

720.7
6.0

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

865.7

835.3

858.7

876 4

892.5

908.7

924 8

674.6

707.6

693.3

705.8

786 2
7.4

858 4
73

833 6 848 8
16
99

869 2
7 2

882 0
10 5

902 1
66

917 9
69

667 7
69

701 0
6.6

691 8
1.5

696.8
9.0

706. 3
6.4

709.0
9.6

398.4

431.1

414.5

429.2

437 0

443.5

447.9

456 5

362.7

381.3

370.8

380.8

385.5

388.2

389.1

391.6

391.0
74

423 7
73

412 8 419 3
99
16

429 9
7 2

433 0
10 5

441 3
66

449 6
69

355 7
69

374 7
66

369.4 371.7
9 0
15

379.1
64

378.7
9.6

383.2
5.9

385.7
6.0

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

160 9
157 0
3.9

176 7
171 4
53

168 3 175 7
166 4 168 9
68
19

178 8
173 7
51

184 0
176 6
74

186 4
181 6
48

190 3
185 5
49

152 0
148 5
35

162 8
158 0
4.7

156 6
154 8
1.7

162 3
156.2
6.1

164 5
159.9
4.5

167.8
161.2
6.5

169.0
164.8
4.2

171.4
167.3
4.1

Nondurable goods _
Final sales
__
Change in business inventories

237 5 254 4
234 1 252 3
35
20

246 2
246 5
— 3

253 5
250 4
31

258 3
256 1
21

259 5
256 4
31

261 5 266 2 210 7
259 7 264 1 207 3
18
21
34

218 6 214 3
216 7 214 6
19 — 3

218 4
215 5
29

221 1 220.5
219.2 217.5
30
19

220.2
218.4
1.7

220.2
218.4
1.9

316 7

335 0

343 4

353 2

358 5

365 8

255 4

258 9

262 4

262.7

264.6

267.0

64 8

67.5

69.3

68.0

726.7

Goods output.. _
Final sales
Change in business inventories

_

Services
Structures

_. _

78 4

347 5
87 1

85 8

86 0

86 1

90 6

94 9

373 4
94 8

249 1
62 9

259 9
66 4

67 1

66 2

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

793.5

Private

708 2

Business
Nonfarm
Farm

_

Households and institutions . Rest of the world
General government




770-5

835.3
743 9

858.7
764 9

876 4
779 2

892.5
794 0

908.7
808 5

924 8
822 7

674.6

707.6

615 0
591 0
24 0

641.5
617.8
23.7

644.8
621.1
23.7

15 5

16.1

15.7

16.2

16.8

17.2

41

4 7

47

4 6

4.3

3.7

60.2

60.2

60.5

60.9

776 7
751 1
25 7

790 5
763 0
27 6

597 3
573 5
23 7

22 7

25 2

24 3

25 4

25 0

26 0

27 2

28 3
39

15 4
4 3

15 9

85 3

95 2

91 3

93 8

98 5

4 5

100 2 102 1

665.8

637.5
614.6
22.9

763 1
738 4
24 7

4 9

662.6

632.1
608 8
23 4

749 3
724 1
25 2

4 9

723.1

658.3

625.3
602 3
23 0

734 6
709 8
24 8

97 i

718.5

652 6

634 6

715 4
690 5
24 9

4 9

712.8

647 9

740 6
715 7
24 9

4 3

705.8

617 0

681 0
656 6
24 4

4 7

693.3

646 1

627 5
604 2
23 3

4 5

_

865.7

57 6

4 5
59 7

58 7

59.8

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 (|), 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

1967

1966

1968

II

Annual total

| III

1967

IV

I

II

1968

III | IV

I

II

1969

III

i | ii

IV

Seasonally adjusted quarterly totals at annual rates

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

. _ _ _ - bil. $.

749.9

793.5

865.7

743.3

755.9

770.7

774.2

783.5

800.4

816.1

835.3

858.7

876.4

892.5

908.7

924.8

Personal consumption expenditures, total

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

550.7

562.0

572.8

Durable goods, total 9
Automobiles and parts
_ _
Furniture and household equipment

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

86.3
39.0
34.6

88.4
39.4
35.5

90.6
40.0
36.8

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

234.3
47.3
116.4
19.5

238.6
48.1
118.4
20.4

242.1
50.0
119.1
21.0

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

206.6
29.3
72.3
14.8

210.6
30.1
73.7
15.0

215.1
30.5
75.2
15.5

220.0
30.7
76.7
15.9-

225.8
31.6
77.9
16.3

230.1
31.9
79.8
16.5

235. 0
32.7
81.3
17.1

240.1
33.1
82.8
17.3

Nondurable goods, total?
Clothing and shoes
Food and beverages
_
Gasoline and oil
Services, total 9 -_ _ _
Household operation
Housing
Transportation

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

_ _ - _

_ _

do
do
do
do

121.4

116.0

126.3

122.4

119.6

126.2

113.6

109.4

117.7

123.3

119.4

126.6

125.2

133.9

135.2

137.4

.do
do
do
do _
do
. . .do
do
_ _ .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
6.8

119.0
88 8
29.3
59.5
30.2
29.6
7.3
7.4

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
9.0
9.1

106.1
83 0
27.2
55.8
23.1
22.5
3.4
3.0

109.9
83 5
27.8
55.7
26.5
25.9
7.8
7.0

113.8
85.0
27.8
57.2
28.8
28.3
9.5
8.0

117.7
89.1
29.8
59.4
28.6
28.0
1.6
1.3

116.7
86.4
28.3
58.1
30.3
29.7
9.9
10.3

118.0
88.1
29.0
59.1
29.9
29.4
7.2
7.5

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
6.6
6.6

130.5
97.8
32.1
65.7
32.7
32.2
6.9
6.7

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
42.8

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

1.6
57.1
55.5

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

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

212.9
100.6
78.5
112.3

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

735.1
368 5
146 2
222 3
289.1
77 5

786.2
391 0
157 0
234 1
316.7
78 4

858.4
423 7
171 4
252 3
347.5
87 1

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

744.0
373 4
148 1
225 3
293.2
77 4

750.8
377.2
151.8
225 4
298.4
75.3

765.2
382.5
151.9
230.7
306.4
76.3

780.2
392.5
158.3
234.2
312.0
75.6

792.6
393.3
157.7
235.5
320.1
79.3

806.6
395.8
160.0
235.9
328.4
82.4

833.6
412.8
166.4
246.5
335.0
85.8

848.8
419.3
168.9
250.4
343.4
86.0

869.2
429.9
173.7
256.1
353.2
86.1

882.0
433.0
176.6
256.4
358.5
90.6

902.1
441.3
181.6
259.7
365.8
94.9

917.9
449.6
185.5
264.1
373.4
94.8

14.8
10 5
4.3

7.4
39
3.5

73
53
2.0

16 2
10 6
5.6

11.9
10 2
1.7

19.9
13.2
6.7

9.0
4.2
4.7

3.4
1.5
1.8

7.8
4.4
3.4

9.5
5.6
3.9

1.6
1.9
-.3

9.9
6.8
3.1

7.2
5.1
2.1

10.5
7.4
3.1

6.6
4.8
1.8

6.9
4.9
2.1

Gross private domestic investment, total
Fixed investment
Nonresident ial
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
do
_.. _ do

GNP in constant (1958) dollars
bil. $._

Gross national product, total f -Personal consumption expenditures, total
Durable goods.
Nondurable goods
Services.

_

658.1

674.6

707.6

655.0

660.2

668.1

666.5

670.5

678.0

683.5

693.3

705.8

712.8

718.5

723.1

726.7

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

462.9

466.2

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

85.9
199.3
181.0

105.4

do

109.3

100.8

105.7

110.8

107.1

112.5

100.5

95.7

101.6

101.2

106.6

104.1

110.9

109.9

110.8

Fixed investment
. _
Nonresidential
Residential structures
Change in business inventories

do
do
do
do

95 4
74 1
21 3
13.9

93.9
73 6
20 3
6.9

99 1
75 8
23 3
6.6

95.4
73 2
22 2
15.3

96.0
75 0
20 9
11.1

94.0
75.4
18.6
18.5

92.0
74.1
17.9
8.5

92.6
73.5
19.0
3.1

94.3
73.1
21.2
7.4

96.7
73.8
23.0
8.7

99.8
77.1
22.7
1.5

97.6
74.0
23.5
9.0

97.7
75.0
22.7
6.4

101.4
77.3
24.1
9.6

104.0
79.4
24.6
5.9

104.8
81.0
23.8
6.0

Net exports of goods and services

do

4.2

3.6

.9

4.8

3.2

3.3

4.0

4.2

4.1

2.0

.9

1.3

1.7

-.2

-.3

-.5

Gross private domestic investment, total

Govt. purchases of goods and services, total, .do
148.4
124.3
128.7
126.5
140.0
Federal
.
do
67.3
65 4
74 8
78 9
63 8
State and local
.do
61.4
61.1
65.2
69.5
60.5
r
Revised.
v Preliminary.
t Revised series. Estimates of national income and product
and personal income have been revised back to 1965 (see p. 13 ff. of the July 1969 SURVEY);


360-735 O - 69 - 5


150.2
150.2
148.9
148.8
150.6
140.4
141.7
145.6
137.6
131.6
140.1
76.3
79.4
78.3
79.6
79.2
77.3
75.5
75.7
72.8
75.1
68.6
73.9
70.8
72.3
69.3
69.6
68.3
64.9
66.0
64.8
63.0
65.0
revisions prior to May 1968 for personal income appear on p. 26 ff. of the July 1969 SURVEY.
9 Includes data not shown separately.

Sr-1

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

1968

Annual total

1968

1967

1966
IV

September 1969

I

II

III

IV

I

II

1969
III

IV

I

II

III

IV

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

620.6

654.0

714.4

637.3

639.3

646.2

658. 5

672.0

688.8

707.4

724.1

737.3

751.3 ' 765. 7

do

435.5

467.4

513.6

449.7

456.2

461.1

470.7

481.7

495.1

507.0

519.8

532.3

546.0

558.2

do
do
do
do
do

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

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
372.7
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

504.3
402.0
18.4
84.0
53.8

do
do
do
do

61.3
45.2
16.1
20.0

61.9
47.2
14.7
20.8

63.8
49.2
14.6
21.2

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

66.5
50.1
16.4
21.6

82.4

79.2

87.9

83.7

78.3

78.3

79.1

81.1

82.5

88.2

90.6

90.3

89.5

' 89. 2

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

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

12.7
'76.5
44.9
21.0
23.9

11.9
18.2

10.8
19.0

11.6
20.4

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

11.7
19.9

84.2
34.3
49.9
20.8
29.1
-1.8
21.4

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

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
43.4
52.2
23.8
28.4
-6.1
29.8

'95.4
'43.6
'51.8
24.3
'27.5
-6.2
30.3

bil $
do
do
do
do

587.2
75.4
511.9
479.3
32.5

629.4
82.9
546.5
506.2
40.4

687.9
97.9
590.0
551.6
38.4

605.0
79.4
525.6
487.8
37.7

615.2
80.8
534.4
494.5
40.0

622.2
80.6
541.6
503.9
37.7

634.5
84.1
550.3
509.7
40.7

645.9
86.1
559.8
516.6
43.1

664.3
89.3
575.0
535.1
39.9

680.1
92.7
587.4
545.1
42.3

696.1
102.6
593.4
560.2
33.2

711.2
107.0
604.3
566.2
38.0

724.4
114.2
610.2
577.7
32.5

740.5
118.5
622.0
588.8
33.3

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

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

15.21 ' 17. 73'U8.16 2 19. 76
8.57
6.21 '7.35 '7.56
4.43
3.26 '3.83 '3.91
4.14
2.95 '3.52 '3.64

_ 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

.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

.36
.32
1.06
2.66
1.68
2.91

National income total f
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 ad justment
Net interest

do
do
do
do
do
do
do

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§
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

_

'.41
'.35
' 1.14
'3.38
1.86
'3.23

.38
.40
1.20
3.34

'.41
.40
'1.12
'3.35

' 35. 31 3 5.88

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

do
do
do
do

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
28.20
15.00
13.20

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

do
do
do
do
do
do

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

1.45
1.55 ' 1.65 ' 1.60
1.50
1.35 '1.35
1.70
4.85
4.80 '4.00 '4.65
13.05 ' 13. 20 ' 12. 70 12. 20
7.25
7.40
12.75 ' 13. 30 ' 321. 20 3 21. 55

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

-38, 082 -41,012 -48,077 -9,973 -10,100
I mports of goods and services
do
-25,463 -26,821 -32,972 -6, 676 -6, 660
Merchandise, adjusted excl military
do
-987 -1,085
Military expenditures
do
-3, 764 -4, 378 -4,530
-2, 142 -2, 362 -2,932
-591
-584
Income on foreign investments in the U.S__do
Other services
__do
-6, 713 -7,451 -7,643 -1,719 -1,771
Unilateral transfers, net (excl. military grants);
transfers to foreigners ( — )
mil $
-640
-691
-2,833 -2,998 -2,865
r
Revised.
p Preliminary.
1
Estimates for July-Sept. 1969 based on anticipated capital expenditu res of bu siness.
2 Estimates for Oct.-Dec. 1969 based on anticipated capital ex penditure s of busiiless. Ant icipated expenditures for the year 1969 are as follows (i ibil. $): -All indust ries, 70.8 5; manu acturing, total, 29.68; durable goods industries, 15.43; no idurable iroods indiistries, 14 .25; mini ng,
1.56; railroad, 1.47; transportation, 4.52; public util ities, 12.7 i; commu nication , 7.55; cc m3
mercial and other, 13.33.
Includes communicatic HI.
fSee corresponding note on p. S-l.
9 Includes iiiventory valuation adjustmt jnt.

-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

'
'
'
'

70. 20 ' 1 72. 25
29. 30 ' 30. 45
15. 35 ' 15. 80
13. 95 ' 14. 60

2 72. 10

30.55
15.50
15.05

U.S. BALANCE OF INTERNATIONAL
PAYMENTScf
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

12,653 '11,913 pl4, 184
8,383 ' 7, 469 p 9, 588
364
'418
^331
1,917 ' 2, 120 p 2, 135
1,989 ' 1, 906 p 2, 130
-12,352
-8,458
-1,169
-749
-1,976

'-11,550 p-13,901
'-7,572 p-9, 595
'-1,204 p-1,217
'-892 p-1,078
'-1,882 p-2,011

I

'-601 p-765
-774
-635
-690
-766
-648
-823
-836
0P(>rsonal o utlays c amprise personal cons urn fDtion exi>enditure s, intere st paid by consumer s, and pe rsonal tr ansfer pa yments 1 o foreign ers.
§Pei sonal sa^ring is ex cess of d] sposable income (>ver pers onal out] ays.
r
HDa ta for in dividual durable and non durable g oods inc ustries componer its appear in the
Mar., Tune, Se] Dt., and ' Dec. issu js of the SURVEY.
cfM ore comp lete deta ils are giv en in the quarterl y reviews in the ]V: [ar., Jun 3, Sept., and Dec.
.
issues of the Si7EVEY. Ilevised c at a back to 1960 appear o n p. 29 flf of the J une 1969 issue.

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