View PDF

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

SURVEY OF CUEKENT BUSINESS

September 1975

NATIONAL INCOME AND PRODUCT TABLES
1974

1973

1974

I

II

1975

III

IV

1974

I

II

1973

1974

I

II

Seasonally adjusted at annual rates

1975
III

IV

I

II

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
Personal consumption expenditure

294.9 1,397.4 1,358.8 1,383.8 1,416.3 1,430.9 1,416.6 1,440.9
938.6
876.7
840.6 869.1 901.3 895.8
913.2
805.2

839.2

821.2

830.5

827.1

823.1

804.0

780.0

783.6

552.1

539.5

539.7

542.7

547.2

528.2

531.5

539.7

130.6
410.1
397.9

113.6
228.6
209.9

103.1
223.7
212.6

105.2
223.9
210.6

106.8
223.6
212.2

107.8
225.8
213.7

92.8
221.4
214.1

95.2
222.5
213.7

97.9
226.4
215.5

130.3
338.0
336.9

Gross private domestic investment.
Fixed investment
Nonresidential
Structures
Producers' durable equipmentResidential structures
Nonfarm
Farm
Change in business inventories.
N onf arm
Farm

127.5
380.2
369.0

123.9
364.4
352.4

129.5
375.8
363.8

136.1
389.0
376.2

120.7
391.7
383.5

209.4

209.4

210.5

211.8

205.8

209.4

163.1

148.1

138.1

126.7

133.3

130.3

122.7

120.5

89.3

80.7

194.0

Durable goods
Nondurable goods.
Services
-

195.2

193.6

198.3

197.1

191.6

182.2

179.1

127.3

118.0

122.7

122.2

117.7

109.6

101.0

97.8

136.8
47.0
89.8
57.2
56.7
.5

149.2
52.0
97.1
46.0
45.2
.7

145.2
51.3
93.9
48.4
47.8
.7

149.4
52.2
97.2
48.8
48.0
.8

150.9
51.0
99.9
46.2
45.4
.8

151.2
53.7
97.5
40.4
39.7
.7

146.9
52.8
94.2
35.3
34.8
.5

142.7
49.1
93.6
36.4
35.6
.8

94.4
25.4
69.0
32.9
32.6
.3

94.0
26.2
67.8
24.0
23.6
.4

96.3
26.7
69.7
26.4
26.0
.4

96.5
26.6
69.9
25.7
25.3
.4

94.1
25.4
68.7
23.6
23.1
.4

89.2
26.1
63.1
20.4
20.1
.4

83.8
25.2
58.6
17.3
17.0
.2

80.3
23.5
56.8
17.5
17.1
.4

15.4
11.4
4.0

14.2
11.9
2.3

16.9
13.1
3.8

13.5
10.4
3.1

8.7
6.6
2.1

17.8
17.5
.3

-19.2
-17.8
-1.4

-31.0
-30.6
-.4

10.8
8.9
1.8

8.7
7.4
1.2

10.6
8.7
1.8

8.2
6.4
1.8

5.0
3.9
1.1

10.9
10.7
.2

-11.7
-10.9
-.8

-17.1
-16.8
-.2

124.9
398.8
389.5

Exports
Imports
Government purchases of goods and services
Federal...
National defense..
Other
State and local

3.9

2.1

11.3

-1.5

-3.1

1.9

8.8

16.2

4.6

9.0

11.5

8.2

7.3

9.1

11.6

14.0

100.4
96.4

140.2
138.1

131.2
119.9

138.5
140.0

143.6
146.7

147.5
145.7

142.2
133.4

136.0
19.8

66.6
62.0

71.9
62.9

73.3
61.8

73.4
65.1

70.9
63.6

69.9
60.9

66.5
54.9

276.4

309.2

296.3

304.4

312.3

323.8

331.6

338.1

144.4

146.0

146.0

145.8

145.9

146.3

147.7

63.3
49.4
149.2

106.6
74.4
32.2
169.8

Net exports of goods and services..

116.9
78.7
38.2
192.3

111.5
75.8
35.7
184.8

114.3
76.6
37.7
190.1

117.2
78.4
38.8
195.1

124.5
84.0
40.6
199.3

126.5
84.7
41.8
205.1

128.4
84.8
43.6
209.7

57.3

56.5

56.3

56.3

56.5

57.0

57.4

58.3

87.0

89.5

89.7

89.5

89.4

89.3

90.2

90.9

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

1,294.9 1,397.4 1,358.8 1,383.8 1,416.3 1,430.9 1,416.6 1,440.9

839.2

821.2

830.5

827.1

823.1

804.0

780.0

783.6

Final sales
Change in business inventories.
Goods output

1, 279. 6 1,383. 2 1,341.9 1,370. 3 1,407. 6 1,413.1 1,435.8 1,471.9
14.2
16.9
15.4
13.5
8.7
17.8 -19.2 - 3 1 . 0
680.5
670.3
651.9
622.7
664.9 681.7 682.6 667.0

828.4
10.8

812.5
8.7
442.8

819.9
10.6

818.9
8.2

818.1
5.0

793.1
10.9

791.8
-11.7

800.7
-17.1

449.1

448.9

446.0

427.1

408.3

411.1

438.5
10.6

440.8
8.2

441.0
5.0

416.3
10.9

420.1
-11.7

428.2
-17.1

200.2
194.3
5.8

195.4
196.6
-1.2

200.2
196.6
3.6

188.0
176.7
11.3

167.5
176.1
-8.6

169.7
177.8
-8.1

Final sales
Change in business inventories-

459.1

664.8
17.8

686.1
-19.2

711.5
-31.0

448.3
10.8

246.6
248.5
—1.8

673.0
8.7
265.5
259.8
5.7

264.5
246.2
18.3

239.5
252.9
-13.4

247.0
261.7
-14.7

206.0
198.5
7.5

434.1
8.7
195.9
191.0
4.9

418.1
418.6
-.5

427.5
433.2
-5.7

433.5
449.8
-16.3

253.1
249.9
3.3

246.9
243.1
3.8

248.9
244.2
4.7

253.6
244.2
9.4

245.8
244.4
1.4

239.2
239.6
-.4

240.8
244.0
-3.2

241.4
250.3
-9.0

607.3
15.4

656.1
14.2

635.0
16.9

651.3
13.5

250.3
240.9
9.4

256.9
249.2
7.7

251.0
242.3
8.7

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

372.4
366.5
6.0

413.4
406.9
6.5

401.0
392.8
8.2

418.2
402.9
15.4

416.2
413.2
3.0

534.4

590.3

569.7

579.2

597.8

614.5

620.9

635.3

304.5

310.9

310.7

308.3

310.7

313.7

312.2

315.0

Structures.

137.8

136.8

137.1

139.7

136.7

133.9

128.8

125.2

75.5

67.5

70.7

69.8

66.4

63.2

59.5

57.5

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product..
Gross domestic product
Business
Nonfarm.
Farm
Households and institutions.
General government..
Federal
State and local
Rest of the world
Addendum: Gross private product.

1,416.3 1,430. 9 1,416.6 1,440.9

839.2

821.2

830.5

827.1

823.1

804.0

780.0

783.6

1,286.5 1,385.6 1,344.0 1,374.1 1,405.2 1,418.9 1,409.4 1,432.6

833.9

816.9

823.5

824.1

819.8

800.0

777.7

780.8

1, 096. 8 1,177. 8 1,143.1 1,168. 8 1,195. 7 1, 203. 6 1,189. 2 1, 207. 8
1, 040. 3 1,124.1 1, 082. 6 1,117.8 1,144. 4 1,151.5 1,142. 9 1,159.9
60.5
51.3
51.1
56.5
53.8
52.1
46.3
47.9
48.0
47.0
46.5
44.6
48.8
50.0
41.3
51.1

753.1
725.8
27.4

740.9
713.9
27.0

736.6
708.0
28.6

716.5
690.8
25.7

19.1

741.4
712.7
28.7
18.8

18.9

18.8

693.5
666.0
27.5
18.9

696.0
669.6
26.5
19.1

63.5
21.1
42.3

63.9
21.1
42.8

21.0
43.2

64.8
21.0
43.7

65.2
21.0
44.3

65.7
20.9
44.8

7.0

3.0

3.3

4.0

2.3

2.8

714.8

718.0

1,294.9 1,397. 4 1,358.8 1,383.8

148.5
52.8
95.7

160.8
55.7
105.1

156.3
54.8
101.5

158.8
55.0
103.9

161.6
55.3
106.3

166.5
57.9
108.7

170.2
58.1
112.2

173.7
58.2
115.6

62.3
21.3
41.0

733.8
706.3
27.5
18.9
64.1
21.1
43.0

8.4

11.9

14.7

9.7

11.1

12.0

7.2

8.3

5.2

4.3

1,146.5 1,236.6 1,202.5 1,225.0 1,254.7 1,264.4 1,246.4 1,267.2

18.5

776.9

757.1

767.0

763.2

758.8

739.2

HISTORICAL STATISTICS
THE national income and product data for 1929-63 are in The National Income and Product Accounts of the United States, 1929-1965,
Statistical Tables (available at $1 from Commerce Department District Office or the Superintendent of Documents; see addresses inside front
cover). The July 1974 SURVEY has data for 1970-73. Prior July issues have fully revised data as follows: 1969-70, July 1973; 1968-69, July
1972; 1967-68, July 1971; 1966-67, July 1970; 1965-66, July 1969; 1964-65, July 1968. BEA will provide on request a reprint of the fully
revised data for the years 1964-69.




CURRENT BUSINESS STATISTICS

± H E STATISTICS here update series published in the 1973 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (available from the Superintendent of Documents for $5.15) provides a description of each series, references
to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1969 through 1972 (1962-72 for major quarterly
series), annually, 1947-72; for selected series, monthly or quarterly, 1947-72 (where available). Series added or significantly revised after the 1973
BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively; certain revisions for 1972 issued too late for
inclusion in the 1973 volume appear in the monthly SURVEY beginning with the August 1973 issue. Also, unless otherwise noted, revised monthly
data for periods not shown herein corresponding to revised annual data are available upon request.
The sources of the data are given in the 1973 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and
are also listed alphabetically on pages 189-90. 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.
1973

1*972

Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown in
the 1973 edition of BUSINESS STATISTICS

1972

1974
II

Annual total

III

1973
IV

I

II

1975

1974

| III

i

IV

| n

III

IV

I

II

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
Gross national product, totalf

bil.$

1,158.0

1,294.9

1 397 4 1 143 0

1,169.3

1 204 7

Personal consumption expenditures, total..do

729.0

805.2

876.7

720.6

736.8

757. 2

781.7

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

118.4
53.1
48.7

130.3
57.5
55.0

127.5
49 7
58.8

116.2
51 5
47.9

121.2
55 3
49.3

124.3
56.4
50.7

132.4
60 4
54.3

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

do
do
do
do

299.7
63.0
143.7
25.0

338.0
70.2
165.1
28.3

380 2
74.1
187.7
35 9

297.4
62.5
142.4
24.5

302.0
63.7
144.7
25.1

310.9
66.0
148.5
25.8

do
do
do
. do

310.9
43.3
107.9
21.8

336.9
47.3
116.4
23.4

369.0
52.9
126 4
26 1

307.0
42.6
106.9
21.6

313.6
43.9
108.9
21.9

322.0
45.5
110.7
22.3

Gross private domestic investment, total...do

Services, total9
_
Household operation
Housing
Transportation

Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential structures
Nonfarm
Change in business inventories
Nonfarm
Net exports of goods and services
Exports . . .
.
Imports

. .

1 308.9

1,344.0

1,358.8

799.0

816.3

823.9

840.6

869.1

901.3

895.8

913.2

938.6

132.1
59 2
54.9

132.4
59.3
55.5

124.3
51.2
55.4

123.9
48.0
57.5

129.5
50 6
59.5

136.1
56.2
60.4

120.7
43.7
57.8

124.9
46.8
57.9

130.6
49.4
60.7

323.3
69.1
155.9
26.8

332.7
70.1
160.9
28.0

343.8
70.6
169.1
28.7

352.1
70.9
174.5
29.8

364.4
72.8
180.1
31.5

375 8
74.4
183.5
36 8

389.0
75.7
191.3
37.9

391 7
73.7
196.0
37.5

398.8
76.2
201.4
37.8

410.1
78.7
204.8
39.6

325.9
45.6
113.1
22.8

334.2
46.6
115.6
23.1

340.1
48.3
117.0
23.6

347.4
48.7
119.7
24.1

352.4
49.2
122.2
25.0

363.8
51.7
124 9
25 6

376.2
54.6
127.7
26.5

383.5
56.0
130 9
27 1

389.5
57.0
134.1
28.1

397.9
59.5
136 6
28.8

1 383 8

1 416.3

179.3

209.4

209.4

175.5

182.1

190.2

199.0

205.1

209.0

224.5

210.5

211.8

205.8

209.4

163.1

148.1

do .
do
do
do ._
do
do
do
do

170.8
116.8
41.1
75.7
54.0
53.4
8.5
7.8

194.0
136.8
47.0
89.8
57.2
56.7
15.4
11.4

195.2
149 2
52.0
97.1
46.0
45.2
14.2
11.9

167.6
114.7
41.0
73.7
52.9
52.3
8.0
7.0

171.9
117.5
40.6
76.8
54.5
53.9
10.2
9.6

179.2
122.5
42.2
80.3
56.7
56.2
11.0
10.4

189.0
130.5
44.6
85.9
58.5
58.0
10.0
6.5

194.4
135.6
46.2
89.4
58.7
58.4
10.7
7.7

197.1
139.0
47.9
91.1
58.1
57.6
11.8
7.4

195.5
141.9
49.3
92.6
53.6
53.0
28.9
24.0

193.6
145.2
51.3
93.9
48.4
47.8
16.9
13.1

198.3
149.4
52.2
97.2
48.8
48.0
13.5
10.4

197 1
150 9
51 0
99.9
46 2
45 4
8 7
6.6

191 6
151 2
53 7
97.5
40 4
39 7
17 8
17.5

182.2
146.9
52.8
94.2
35.3
34.8
-19.2
-17.8

179.1
142.7
49.1
93.6
36.4
35.6
-31.0
-30.6

do
do
do

-6.0
72.4
78.4

3.9
100.4
96.4

2.1
140.2
138.1

-6.9
68.8
75.7

-4.8
73.3
78.1

-5.3
78.5
83.8

-.8
88.8
89.5

.5
95.4
94.9

6.7
103.7
96.9

9.3
113.6
104.3

11.3
131.2
119.9

-1.5
138.5
140.0

-3.1
143 6
146 7

1.9
147.5
145 7

8.8
142.2
133.4

'16.2
' 136.0
'119.8

255.7
104.9
74.8
150.8

276.4
106 6
74.4
169 8

309.2
116.9
78.7
192.3

253.8
105 9
75.9
147 9

255.1
102 7
72.6
152 4

262.6
105 2
74.7
157 4

269.0
106 4
75.0
162 6

273.3
106 2
74.0
167 1

276.9
105 3
73.3
171 6

286.4
108.4
75.3
177.9

296.3
111.5
75.8
184.8

304.4
114.3
76.6
190.1

312.3
117.2
78.4
195 1

323.8
124 5
84 0
199 3

331.6
126.5
84.7
205.1

338.1
128.4
84.8
209.7

1,149.5
535. 2
214.3
321.0
488.1
126.1

1,279.6
607.3
240.9
366.5
534.4
137.8

1,383.2
656.1
249.2
406.9
590.3
136.8

1,135.1
529.4
210.6
318.9
481.5
124.1

1,159.1
541.0
218.3
322.7
492.4
125.6

1,193.7
556.2
223.6
332.6
506.5
130.9

1,238.9
585 8
237.8
347.9
516.0
137.1

1,267.2
600.9
241.2
359.7
528.3
138.0

1,297.0
618.0
243.9
374.2
540.2
138.8

1,315.1
624.7
240.6
384.1
553.2
137.2

1,341.9
635.0
242.3
392.8
569.7
137.1

1,370.3
651.3
248.5
402.9
579.2
139.7

1,407.6
673.0
259.8
413.2
597.8
136.7

8.5
7.1
1.4

15.4
9.4
6.0

14.2
7.7
6.5

8.0
5.8
2.2

10.2
6.8
3.4

11.0
13.2
-2.2

10.0
6.1
3.9

10.7
7.7
3.0

11.8
9.0
2.9

28.9
14.8
14.1

16.9
8.7
8.2

13.5
-1.8
15.4

8.7
5.7
3.0

17.8
18.3
-.5

-19.2
-13.4
-5.7

-31.0
-14.7
-16.3

792.5

839.2

821.2

786.6

798.1

814.2

832.8

837.4

840.8

845.7

830.5

827.1

823.1

804.0

780.0

'783.6

527.3

552.1

539.5

523.2

531.2

542.2

552.9

553.7

555.4

546.3

539.7

542.7

547.2

528.2

531.5

539.7

104.9
220.2
902 2

113.6
228.6
209 9

103.1
223.7
212 6

103.0
219.8
900 A

106.8
221.3
203 0

110.1
225.4
206 6

117.2
228.7
207 1

115.7
228.3
209 7

114.3
230.0
211 2

107.2
227.4
211 7

105.2
223.9
210 6

106.8
223.6
212.2

107.8
225.8
213.7

92.8
221.4
214.1

95.2
222.5
213.7

97.9
226.4
215.5

Govt. purchases of goods and services, total .do
Federal
do
National defense
do . .
State and local
do
By major type of product:!
Final sales, total
Goods total
Durable goods
Nondurable goods
Services
Structures

1,430.9 1,416.6 '1,440.9

1 277 9

1 248 9

do .
do
do
do
. do
do

Change in business inventories
Durable goods
Nondurable goods

do
do
do

1,413.1 1,435. 8 '1,471.9
711.5
686.1
664 8
261.7
252.9
246.2
433.2
449.8
418 6
620.9 '635.3
614.5
125.2
128.8
133.9

GNP in constant (1958) dollars!
Gross national product, totalf

bil. $..

Personal consumption expenditures, total..do
Durable goods
Nondurable goods
Services

do
do . .
do

125.0

138.1

126.7

123.2

126.6

130.9

134.4

136.3

135.8

145.8

133.3

130.3

122.7

120.5

89.3

80.7

do
do
do . .
do

118.0
83 7
34.3
7.0

127.3
94 4
32.9
10.8

118.0
94 0
24.0
8.7

116.6
82 4
34.2
6.6

118.1
83 8
34.3
8.5

122.0
87 2
34.8
8.8

127.1
92 2
35.0
7.3

128.4
94 3
34.1
7.8

127.7
95 1
32.6
8.0

125.8
96 0
29.8
20.0

122.7
96 3
26.4
10.6

122.2
96.5
25.7
8.2

117.7
94.1
23.6
5.0

109.6
89.2
20.4
10.9

101.0
83.8
17.3
-11.7

97.8
80.3
17.5
-17.1

do

-3.0

-3.6

-1.4

-1.9

1.4

3.5

5.8

7.9

11.5

8.2

7.3

9.1

11.6

'14.0

Govt. purchases of goods and services, total, do
143.1
144.4
141.8
146.0
143.8
Federal
do
61 0
57 3
59 5
56 5
62 5
State and local
do
82.1
82.4
87.0
89.5
81.3
' Revised.
P Preliminary.
fRevised series. Estimates of national income and product
and personal income have been revised back to 1971 (see p. 11ff.of the July 1974 SURVEY);
revisions prior to May 1973 for personal income appear on pp. 22-23 of the July 1974 SURVEY.

143.0
59 2
83! 8

144.1
58 9
85! 2

143.9
57 7
86.2

143.7
56 2
87.5

145.7
56.4
89.3

146.0
56.3
89.7

145.8
56.3
89.5

145.9
56.5
89.4

146.3
57.0
89.3

147.7
57.4
90.2

149.2
58.3
90.9

Gross private domestic investment, total...do
Fixed investment
Nonresidential
Residential structures
Change in business inventories
Net exports of goods and services


592-419 O - 75 - S-l


4.6

9.0

Revised data for national income and product and personal income customarily published
in July issues of the SURVEY have been postponed until later; see box note on p. 11 of the July
1975 SURVEY.
9 Includes data not shown separately.

S-l

SURVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated in footnotes below, data
through 1972 and descriDtive notes are as shown in
the 1973 edition of BUSINESS STATISTICS

1972

1 1973

1974

Annual total

1972
IV

September 1975

1973
I

II

1975

1974
III

IV

I

I

IV

III

II

II

in

IV

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT-Con.
Quarterly Data Seasonally Adjusted at Annual Hates
mplicit price deflators:!
Gross national product._.
.Index, 1958=100.
Personal consumption expenditures
do__.
Gross private domestic investment:
Fixed investment
...do...
Nonresidential
.do...
Residential structures
_
_do...
Govt. purchases of goods arid services
do...
National income, totalf
bil. $.
Compensation of employees, total

170.18
162.5

147.96
139.7

149. 95
141.4

152.61
144.3

155. 67
147.0

158. 93
150.8

163. 61
155.8

167.31
160.2

172. 07
164.7

177.97
169.6

181.62
171.8

183.88
173.9

144.8
139.6
157.4
178.6

152.4
144.9
174.0
191.5

165.3
158.7
191.4
211.8

146.9
140.5
162.8
183.6

148.7
141.7
167.1

151.4
143.9
172.1
189.9

154.3
146.1
178.1
192.6

155.4
147.9
179.7
196.5

157.8
150.7
183.8
202.9

162.3
154.9
190.0
208.8

167.5
160.4
195.9
214.1

174.9
169.6
197.9
221.4

180.4
175.4
204.3
224.6

183.2
177.7
208.2
226.5

1,065.6 1,142.5

987.0

1,165.4 1,150.7

1,175.4

946.5
707.1

786.0

855.8

732.9

do...
do...
do...
do...
do...

626.8
491.4
20.5
114.8
80.3

691.6
545.1
20.6
126.0
94.4

750.7
592.4
21.2
137.1
105.1

649.6
508.7
21.2
119.7
83.4

do...
do...
do...
do

75.9
54.9
21.0
25.9

96.1
57.6
38.5
26.1

93.0
61.2
31.8
26.5

80.1
56.1
24.0
26.7

adjustbil. $..

92.2

105.1

105.6

Proprietors' income, total?
Business and professional9
Farm
_
Rental income of persons

186.7
1,027.6

1,051.2 1,077.3 1,106.3

1,118.8 1,130.2 1,155.5
848.3

868.2

877.7

875.6

885.4

727.6
573.8
21.0
132.8
101.2

744.6
588.3
2a 9
135^4
103.7

761.5
602.5
20.8
138.2
106.7

769.2
605.1
22.0
142.1
108.6

765.1
597.4
22.0
145.7
110.5

773.0
601.9
21.9
149.2
112.4

103.2
58.4
44.9
26.4

98.4
59.3
39.1
26.4

89.9
60.7
29.1
26.3

92.1
62.3
29.8
26.6

91.6
62.5
29.1
26.8

84.9
62.7
22. 2
27! 0

86.1
63.4
22.7
27.1

106.4

107.7

105.6

105.8

103.4

94.3

104.9

20.9
82.5
46.3
30.1
16.2

20.7
73.6
41.1
27.3
13.8

20.8
'84.1
48.3
30.4
18.0

759.1
667.6
525.0
20.8
121.9
91.5

776.7

793.3

814.8

683.6
538.7
20.3
124.5
93.1

698.2
550.8
20.2
127.2
95.1

717.0
565.8
21.0
130.2
97.7

89.1
57.0
32.1
26.3

92.8
57.1
35.6
25.7

99.3
57.7
41.5
26.2

103.9

105.0

105.2

17.6
74.5
40.8
19.0
21.8

19.6
85.5
47.6
21.5
26.1

20.8
84.9
47.0
30.0
17.0

18.3
81.5
45.1
20.0
25.1

18.7
85.2
48.6
20.9
27.6

19.4
85.6
48.4
21.5
26.9

19.8
85.4
47.1
21.4
25.7

20.4
86.0
46.4
22.1
24.3

20.8
87.0
46.2
26.9
19.3

20.7
84.9
46.8
29.7
17.1

20.7
85.1
48.6
33.3
15.3

9.2
24.6

9.2
28.7

7.8
30.1

9.9
26.6

8.8
28.4

7.1
33.7

8.0
30.1

28.0

7.5
28.7

6.8
25.7

8.1
27.8

122.7
49.8
72.9
29.6
43.3

140.7
55.7
85.0
32.7
52.4

108.2
45.2
63.1
28.2
34.9

124.9
50.9
74.0
29.1
44.9

9.5
28.8
122.7
49.9
72.9
29.8
43.1

9.2
30.3

99.2
41.5
57.7
27.3
30.3

9.4
27.2
120.4
48.9
71.5
28.7
42.8

122.7
49.5
73.2
30.7
42.5

135.4
52.2
83.2
31.6
51.6

139.0
55.9
83.1
32.5
50.5

157.0
62.7
94.3
33.2
61.1

131.5
52.0
79.5
33.3
46.2

101.2
39.0
62.3
33.8
28.5

••43.0
'70.3
34.0
'36.3

-7.0
45.6

-17.6
52.3

-35.1
61.6

-8.4
47.5

-16.5
49.2

-20.0
51.1

-17.5
53.2

-16.3
55.5

-27.7
57.5

-33.4
60.1

-51.2
62.8

-28.1
65.9

-7.0
68.9

-8.4
71.9

bil. $..
do
do.
do.
do

944.9
142.4
802.5
749.9
52.6

1,055.0 1,150.5
151.3
170.8
903.7
979.7
829.4
902.7
74.4
77.0

985.0
147.0
838.1
779.2
58.9

1,013.6
144.1
869.5
804.2
65.3

1,039.2 1,068.0 1,099.3 1,112.5 1,134.6
147.2
154.2
168.2
159.9
161.9
913.9
939.4
966.5
950.6
892.1
840.7
850.1
866.2
894.9
822.5
73.2
89.3
84.4
69.6
71.5

1,168.2
175.1
993.1
927.6
65.5

1,186.9 1,193.4 1,220.5
142.0
178.0
178.1
1,008.8 1,015.5 1,078.5
964.7
939.5
922.3
113.8
75.9
86.5

bil. $.
do...
ao...
do._.

88.44
31. 35
15.64
15.72

99.74
38.01
19.25
18.76

112.40
46.01
22.62
23.39

25.20
9.38
4.77
4.61

21.50
7.80
3.92
3.88

24.73
9.16
4.65
4.51

25.04
9.62
4.84
4.78

28.48
11.43
5.84
5.59

24.10
9.49
4.74
4.75

28.16
11.27
5.59
5.69

28.23
11.62
5.65
5.96

31.92
13.63
6.64
6.99

25.82
10.84
5.10
5.74

'5.59

28.43 '128.08
12.15 '11.86
'5.
'6.49
'6.55

131.18
13.60
6.17
7.43

do.

57.09

61.73

66.39

15.83

13.69

15.57

15.42

17.05

14.61

16.89

16.61

18.29

14.98

16.28 ' 16.22

17.58

'.97
' .71
'.47
'.77

'.91
'.60
' .51
'.72

.99
.66
.43
.62

'4.94

'5.24
'4.34
'.90

5.64
4.70

• 2 8.24

2 9.25

112.46 '1113.48
48.78 • 48.13
' 22.59 •21.83
r
26.19 • 26.30

113.70
48.00
21.80
26.20

do
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...

154.31
145.9

do...

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

Corporate profits and inventory valuation
ment, total..
By broad industry groups:
Financial institutions
Nonflnancial corporations, total
Manufacturing, total
Nondurable goods industries
Durable goods industries

146.12
138.2

do..
__do_.
do.
..do.
do..

Inventory valuation adjustment
do.
Net interest
do..
DISPOSITION OF PERSONAL INCOME f

113.3

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 I
f
Nondurable goods industries 1
Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation
Public utilities
Electric
Gas and other
Communication
Commercial and other
Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing
Durable goods industries ^
Nondurable goods industries ^
Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation

.do..
do.
do.
do.

2.42
1.80
2.46
1.46

2.74
1.96
2.41
1.66

3.18
2.54
2.00
2.12

.63
.47
.63
.40

.63
.46
.52
.32

.71
.46
.72
.43

.69
.48
.57
.44

.71
.56
.60
.47

.50
.47
.34

.78
.64
.61
.49

.64
.43
.58

.48
.71

.91
.59
.44
.62

do.
do.
do.
do.
do.

17.00
14.48
2.52
11.89
20.07

18.71
15.94
2.76
12.85
21.40

20.55
17.63
2.92
13.96
22.05

4.74
4.01
.73
3.39
5.57

3.95
3.45

.50
2.87
4.94

4.59
3.91
.68
3.27
5.40

4.82
4.04
.77
3.19
5.24

5.36
4.54
.82
3.53
5.83

4.38
3.85
.52
3.19
5.05

5.30
4.56
.75
3.60
5.46

5.20
4.42
.78
3.39
5.57

5.67
4.80
.87
3.78
5.97

4.42
3.84
.58
3.11
4.88

do.
do.
do.
do.

91.94
33.64
16.86
16.78

96.19
35.51
17.88
17.63

97.76
36.58
18.64
17.94

100. 90
38.81
19.73
19.08

103.74
40.61
20.48
20.13

107.27
42.96
21.43
21.53

111.40
45.32
22.50
22.82

113.99
47.04
23.08
23.96

116. 22
48.08
23.28
24.80

114.57
49.05
22.86
26.20

do.

58.30

60.68

61.18

62.09

63.12

64.31

66.08

66.94

68.14

65.52

'63.68

'65.35

65.70

2.46
1.71

2.59
2.11
2.21
1.53

2.77
1.75
2.72
1.62

2.82
1.95
2.49
1.79

2.76
2.05
2.20
1.73

2.80
2.10
2.13
1.63

3.07
2.42
2.21
1.

3.27
2.68
1.84
2.16

3.56
3.05
1.81
2.71

3.76
2.39
2.09
2.82

'3.78
'2.70
'1.60
'2.75

'3.68
'2.67
'2.18
'2.64

3.89
2.56
1.65
2.56

.do.
do.
do.
do.

2.33
1.4?

Public utilities..
do
- 17.5? 18.38
Electric
do
....
14.67 15.40
Gasandother
. do
2.8f
2.98
Communication
do
12.6? 12.34
Commercial and other
do...
20.21 21.53
' Revised.
p Preliminary.
i Estimates (corrected for systematic biases) for JulySept, and Oct.-Dec. 1975 based on expected capital expenditures of business. Expected
2
expenditures for the year 1975 appear on p. 28 of the Sept. 1975 SURVEY.
Includes communication,
f See corresponding note on p. S-l.
9 Includes inventory valuation




'4.15
'.79
3.22
'5.19
r

.94

20.28 '19.52 ' 20.48 20.66
20.93
20.16
20.97
20.12
18.08
18.58
19.
17.38
17.03 '16.41 '17.30
17.76
17.47
18.10
17.12
15.55
16.00
16.72
3.29
'3.18
3.25 '3.11
3.17
2.68
2.8
3.00
2.52
2.58
3J
12.50
13.36
14.04
14.01
13.94
13.83
12.70
13.12
13.24
22.04
21.63
20.82 ' 20.83 2 33.69 2 34.38
21.69
21.55
21.36
22.84
21.35
adjustment.
0 Personal outlays comprise personal consumption expenditures, interest
paid by consumers, and personal transfer payments to foreigners.
§ Personal saving is excess of disposable income over personal outlays.
If Data for individual durable and nondurable goods industries components appear in tne
Mar., June, Sept., and Dec. issues of the SURVEY.

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