View PDF

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

SURVEY OF CURRENT BUSINESS

September 1970

11

NATIONAL INCOME AND PRODUCT TABLES
1970

1969
1968

II

1969

III

IV

1970

II

II

1969

1968

Seasonally adjusted at annual rates

III

IV

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)
959.5

971.1 707.2

722.1

726.1

730.9

729.2

723.8

724.9

603.1

614.4

452.3 467.7

463.3

467.1

468.7

471.7

474.0

478.1

90.8
252.0
249.8

89.1
258.8
255.2

91.9
262.6
259.9

81.4
196.5
174.4

84.9
201.2
181.6

84.9
199.7
178.7

85.7
200.9
180.5

84.1
201.9
182.7

84.9
202.4
184.4

82.7
205.6
185.8

84.9
206.6
186.6

143.8

140.2

133.2

134.3

105.7

111.3

109.7

111.5

114.1

110.0

102.9

103.1

132.4

133.0

131.6

131.2

98.8

104.1

103.6

104.8

104.2

103.9

101.5

100.1

97.5
32.3
65.2

101.5
35.2
66.3

102.6
35.1
67.5

102.6
35.7
66.9

102.8
35.3
67.5

75.5
22.7
52.7

80.8
24.0
56.9

79.3
23.8
55.4

80.2
23.1
57.0

81.9
24.6
57.3

82.1
24.3
57.8

80.9
24.4
56.5

80.2
23.5
56.7

33.0
32.4
.5

33.9
33.3
.6

31.0
30.4
.6

30.4
29.8
.6

29.1
28.4
.6

28.4
27.8
.6

23.3
22.9
.4

23.3
22.8
.4

24.3
23.9
.4

24.7
24.2
.4

22.3
21.8
.4

21.8
21.4
.4

20.7
20.2
.4

20.0
19.5
.4

8.5
8.0
.4

7.4
7.3
.1

7.9
7.6
.3

11.3
10.8
.5

7.2
6.5
.7

1.6
.9
.7

3.1
2.6
.5

6.9
6.8
.1

7.2
6.8
.4

6.1
5.9
.1

6.6
6.3
.3

6.1
5.4
8

1.3
.8
6

29
2.5
4

25

1.9

13

1.3

2.6

26

35

4.1

9

2

— .4

— 3

9.9
9.3
.6
g

9

19

24

50.6
48.1

55.5
53.6

47.8
46.5

57.2
55.9

58.3
55.6

58.8
56.2

61.1
57.6

62.8
58.7

45.7
44.8

48.5
48.2

42.3
42.6

50.7
51.1

50.8
50.0

50.0
49.1

52.0
50.1

52.9
50.5

865.0

931.4

907.6

923.7

535.8

577.5

561.8

573.3 582.1 592.6

84.0
230.2
221.6

90.0
245.8
241.6

89.1 90.6
239.2 244.0
233.5 238.7

89.5
248.1
244.5

126.5

139.8

136.0

139.3

118.9

131.4

128.7

131.4

88.7
29.6
59.1

99.3
33.8
65.5

95.7
32.6
63.1

30.3
29.7
.5

32.0
31.5
.6

Change in business inventories
Nonfarm
Farm

7.6
7.5
.1

Net exports of goods and services

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

Exports
Imports

.

951.7

727.1

200.2

...

212.2

208.5

209.9

214.1 216.3 219.6

218.4

148.3

99.5
78.0
21.5
100.7

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

942.6

101.3
78.8
22.6
110.8

100.9
78.6
22.4
107.5

99.8
77.9
21.9
110.1

102.5
79.8
22.7
111.6

102.1
78.8
23.3
114.2

99.7
76.8
22.9
118.7

78.7

75.7

78.0

75.8

75.2

73.8

71.1

67.8

69.6

72.1

71.5

72.1

72.1

72.9

73.8

73.5

102.3
79.3
23.0
117.4

147.8

149.5 147.9

147.3 146.6

145.0

141.3

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

865.0
857.4
7.6

931.4 907.6 923.7 942.6 951.7 959.5
922.9 900.2 915.9 931.2 944.5 957.9
7.4
7.2
8.5
7.9 11.3
1.6

Goods output
Final sales
Change in business inventories

430.6
422.9
7.6

460.0 448.3
451.6 440.9
7.4
8.5

971.1 707.2 727.1 722.1 726.1
968.1 700.3 719.9 716.1 719.4
3.1
7.2
6.9
6.1
6.6

456.7
448.8
7.9

466.2 468.9
454.9 461.7
7.2
11.3

189.4
182.7
6.7

192.7
184.8
7.9

192.7
187.4
5.3

185.3 186.6
185.5 188.5
-.3 -1.9

467.1
465.5
1.6

474.9 380.7
471.8 373.8
3.1
6.9

Durable goods
Final sales
Change in business inventories .

176. 1 190.2
170.4 183.9
6.4
5.7

Nondurable
Final sales
Change in business inventories

254.5
252.5
2.0

269.8 262.1 267.3 273.5
267.7 260.4 266.1 270.1
1.2
2.1
3.5
1.8

276.2
274.3
1.9

281.8
280.0
1.9

288.3 218.6
283.3 216.7
5.0
1.8

347.1
87.4

377.6
93.8

372.3 383.0
93.3
94.8

390.3
92.5

400.1
92.3

405.8
90.4

Services
Structures

.. .

186.1
180.5
5.6

364.8
94.5

729.2 723.8
723.0 722.4
6.1
1.3

392.2 388.5 391.1 395.7 393.5 387.3
385.0 382.4 384.5 385.8 387.4 386.0
7.2
6.1
6.6
6.1
9.9
1.3

724.
721.
2.
391.1
388.
2.

171.6
164.9
6.7

170.3
165.9
4.4

162.3
162.6
-.3

162.
164.<
-1.

222.1
220.3
1.8

220.1 221.1 224.1
218.8 220.0 220.9
3.2
1.3
1.1

223.3
221.5
1.8

225.1
223.4
1.6

228.
223.
4.

268.2
66.6

264.7
68.9

269.8
65.4

271.3
64.4

273.1
63.4

272.1
60.

162.1 170.1
157.1 164.7
5.1
5.3

260.0
66.6

730.9
720.9
9.9

168.4
163. 6
4.8

170.0
164.5
5.5

267.2
67.8

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
Rest of the world
General government.




865.0 931.4

907.6

923.7

942.6

951.7

959.5 971.1 707.2

727.1

722.1

726.1

730.9

729.2 723.8

724.

770.1 827.8

808.2

822.3

836.6

844.0

848.5 858.4

647.6

666.4

662.1

665.6

669.8

668.1

664.

740.1 795.4
714.6 767.9
25.5 27.5

...

776.2
749.1
27.1

790.3
762.7
27.6

804.2
776.6
27.6

810.8
783.0
27 8

814.3 824.5
785.5 796.0
28 8 28 5

627.2
603.4
23 8

646.0
622.5
23 6

641 5
616.7
24 7

645 3 649.7
622.0 626.2
23 3 23 5

27.4
4.6

27.8
4.2

28.3
4.1

29.0
4.2

29.6
4.5

30.0
3.9

15.9
4.5

16.4
4.0

16 3
4.3

16.3
3.9

16.3
3.8

16.6
4.0

16.7
4.3

16.
3.(

111.0

112.8

59.7

60.7

60 1

60 5

61 0

61 1

60.7

60.

25.3
4.7
94.9

28.1
4.3
103.6

99.4

101.4

106.0

107.7

HISTORICAL STATISTICS
National income and product statistics for earlier periods are available as follows:
Data for 1966-69, July 1970 SURVEY OF CURRENT BUSINESS; 1964-65, July 1968 SURVEY;
1929-63, The National Income anQ Product Accounts of the United States (available from
U.S. Department of Commerce Field Offices or from the Superintendent of Documents,
U.S. Government Printing Office, Washington, D.C. 20402, price $1.00 per copy).

663.1

647.6 642.1
624.7 619.5
22 8 22 6

644.
621.
23.

CURRENT BUSINESS STATISTICS

JLHE STATISTICS here update series published in the 1969 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $3.00) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1965 through 1968 (1958-68 for major quarterly series), annually, 1939-68; for selected series,
monthly or quarterly, 1947-68 (where available). Series added or significantly revised after the 1969 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (f), respectively; certain revisions for 1968 issued too late for inclusion in the 1969 volume appear in the monthly
SURVEY beginning with the September 1969 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 1969 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.
1967

Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown in
the 1969 edition of BUSINESS STATISTICS

1967

1968 | 1969

II

Annual total

III

1969

1968

IV

I

II

III

IV

| U

I

1970

III

IV

I

II

Seasonally adjusted quarterly totals at annual rates

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

793 9

865 0

931 4

784 5

800 9

815 9

834.9

858.1

875.8

891.4

907.6

923.7

942.6

951.7

959.5

971.1

492.1

535.8

577.5

489.6

495.5

502.5

519.7

529.1

543.8

550.8

561.8

573.3

582.1

592.6

603.1

614.4

73.1
30.5
31 4

84.0
37.2
34 6

90.0
40.3
36 7

73.6
31.4
31 2

73.7
31.2
31 3

75.3
31.1
32 5

79.9
34.9
33 7

82.6
36.0
34.1

86.7
39.1
35.4

86.9
38.8
35.2

89.1
39.8
35.8

90.6
40.0
37.2

89.5
40.2
36.7

90.8
41.1
36.9

89.1
37.7
38.3

91.9
39.4
38. 9

215.0
42 3
108.5
17.6

230.2
46 1
115 1
19.0

245.8
49 9
121. 7
21.1

214.2
42 5
107 8
17.5

215.5
42 7
108.4
17.7

217.1
42 5
109 5
18.1

225.6
44 8
112.7
18.8

227.6
45 2
114.7
18.6

232.6
47. 1
116. 1
19.2

234.8
47.2
117.0
19.3

239.2
47.9
119.1
20.3

244.0
50.0
120.8
20.8

248.1
50.7
122.4
21.5

252.0
50.9
124.6
21.7

258.8
51.3
128.8
22.4

262. 6
51.8
131.2
22.7

-do -do_ _
_do
do

Personal consumption expenditures, total

do

do_
do
do
do_ __

Gross national product, total f _ _ _ _ _

204.0
29.1
71.8
14.5

221.6
31.2
77.4
15.6

241.6
33.9
84.0
16.7

201.8
29.0
71.2
14.4

206.3
29.2
72.3
14.6

210.1
30.1
73.7
14.6

214.2
30.4
75.2
15.2

218.9
30.8
76.6
15.3

224.5
31.5
77.9
15.6

229.0
32.1
79.8
16.1

233.5
32.7
81.4
16.2

238.7
33.3
83.0
16.5

244.5
34.5
84.7
16.8

249.8
34.8
87.0
17.1

255.2
35.2
89.0
17.7

259.9
35.9
90.8
17.9

Durable goods total 9- - do
Automobiles and parts
_
do_ _
Furniture and household equipment
do
Nondurable goods, total 9
Clothing and shoes
Food and beverages
Gasoline and oil
Services tota!9
-Household operation
Housing
Transportation

-_

-

__

-

116.6

126.5

139.8

110.7

118.6

123.0

119.8

127.3

126.5

132.6

136.0

139.3

143.8

140.2

133.2

134.3

Fixed investment
do
Nonresident ial
do
Structures
- - - - ---do_ __
Producers' durable equipment
do
Residential structures
- do
Nonfarm
- - - __do_ __
Change in business inventories
do
Nonfarm
_
do

108.4
83.3
28.0
55.3
25.1
24.5
8.2
7.5

118.9
88.7
29.6
59.1
30.3
29.7
7.6
7.5

131.4
99.3
33.8
65.5
32.0
31.5
8.5
8.0

106.2
82.9
27.3
55.6
23.3
22.7
4.5
4.0

109.9
83.3
27.9
55.4
26.6
26.0
8.7
7.8

113.0
84.1
28.0
56.2
28.8
28.3
10.0
8.5

117.2
88.3
29.8
58.5
28.8
28.3
2.6
2.5

117.0
86.4
28.9
57.5
30.6
30.1
10.4
10.3

118.3
88.3
29.4
59.0
29.9
29.4
8.2
8.1

123.3
91.6
30.3
61.3
31.7
31.1
9.3
9.3

128.7
95.7
32.6
63.1
33.0
32.4
7.4
7.3

131.4
97.5
32.3
65.2
33.9
33.3
7.9
7.6

132.4
101.5
35.2
66.3
31.0
30.4
11.3
10.8

133.0
102.6
35.1
67.5
30.4
29.8
7.2
6.5

131.6
102.6
35.7
66.9
29.1
28.4
1.6
.9

131.2
102.8
35.3
67.5
28.4
27.8
3.1
2.6

Net exports of goods and services
do
Exports
- - - -do_
Imports
_do__ _

5.2
46.2
41.0

2.5
50.6
48.1

1.9
55.5
53.6

5.8
46.0
40.1

5.6
46.3
40.7

4.0
46.8
42.8

1.8
47.7
45.9

3.4
50.7
47.3

3.4
53.2
49.8

1.4
50.9
49.5

1.3
47.8
46.5

1.3
57.2
55.9

2.6
58.3
55.6

2.6
58.8
56.2

3.5
61.1
57.6

4.1
62.8
58.7

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

180.1
90.7
72.4
89.4

200.2
99.5
78.0
100.7

212.2
101.3
78.8
110.8

178.4
90.1
71.8
88.2

181.3
91.4
73.0
89.9

186.5
93.6
74.7
92.9

193.6
96.4
76.3
97.2

198.3
98.9
77.8
99.4

202.1
100.7
78.6
101.4

206.7
101.9
79.2
104.7

208.5
100.9
78.6
107.5

209.9
99.8
77.9
110.1

214.1
102.5
79.8
111.6

216.3
102.1
78.8
114.2

219.6
102.3
79.3
117.4

218.4
99.7
76.8
118. 7

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

785.7
390. 7
156.5
234.2
316.5
78.6

857.4
422.9
170.4
252.5
347.1
87.4

922.9
451. 6
183.9
267.7
377.6
93.8

780.0
392. 1
158.2
234.0
311.9
75.9

792.2
393. 1
157.6
235.5
319.7
79.4

805.9
395.0
158.5
236.5
328.4
82.5

832.3
411. 6
165.2
246.4
334.7
86.0

847.8
417.8
168.0
249.8
343.1
86.8

867.6
429.0
173.1
255.9
352.2
86.3

882.1
433.3
175.3
258.0
358.4
90.5

900.2
440.9
180.5
260.4
364.8
94.5

915.9
448.8
182.7
266.1
372.3
94.8

931.2
454.9
184.8
270.1
383.0
93.3

944.5
461.7
187.4
274.3
390.3
92.5

957.9
465.5
185.5
280.0
400.1
92.3

968.1
471.8
188.5
283.3
405.8
90. 4

8.2
4.7
3.5

7.6
5.7
2.0

8.5
6.4
2.1

4.5
2.1
2.4

8.7
5.6
3.1

10.0
6.1
3.9

2.6
2.5
.1

10.4
7.1
3.2

8.2
5.8
2.4

9.3
7.2
2.1

7.4
5.6
1.8

7.9
6.7
1.2

11.3
7.9
3.5

7.2
5.3
1.9

1.6
-.3
1.9

3.1
-1.9
5.0

Gross private domestic investment, total

_ _

Change in business inventories
Durable goods
Nondurable good's

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

. ___

675.2

707.2

727.1

671.6

678.9

683.6

693.5

705.4

712.6

717.5

722.1

726.1

730.9

729.2

723.8

724. 9

do

430.1

452.3

467.7

430.3

431.6

434.3

445.0

448.4

457.7

458.1

463.3

467.1

468.7

471.7

474.0

478.1

72.9
190.2
167.0

81.4
196.5
174.4

84.9
201.2
181.6

74.0
190.4
165.9

73.3
190.0
168.3

74.0
190.3
169.9

78.1
195.5
171.3

80.2
194.9
173.2

83.9
197.9
175.9

83.2
197.6
177.4

84.9
199.7
178.7

85.7
200.9
180.5

84.1
201.9
182.7

84.9
202.4
184.4

82.7
205.6
185.8

84.9
206.6
186.6

do
__do_ __
do
do

101.2

105.7

111.3

96.7

102.4

105.1

101.3

107.1

105.1

109.5

109.7

111.5

114.1

110.0

102.9

103.1

Fixed investment
Nonresidential
Residential structures
Change in business inventories

do_
..do
do
-do

93.5
73.2
20.4
7.7

98.8
75.5
23.3
6.9

104.1
80.8
23.3
7.2

92.5
73.3
19.2
4.3

94.2
72.9
21.3
8.3

95.9
72.9
23.0
9.2

98.9
76.1
22.9
2.4

97.6
73.8
23.8
9.5

97.7
74.9
22.8
7.4

103.6
79.3
24.3
6.1

104. 8
80.2
24.7
6.6

104.2
81.9
22.3
9.9

103.9
82.1
21.8
6.1

101.5
80.9
20.7
1.3

100.1
80.2
20.0
2.9

Net exports of goods and services

do

3.6

.9

.2

4.3

4.2

2.1

.8

1.5

1.5

101.0
77.1
23.9
8.5
2

-.3

.8

.9

1.9

2.4

Gross private domestic investment, total

140.2
148.3
140.2
147.8
140.7
Govt. purchases of goods and services, total__do
75.4
74.7
78.7
75. 7
74.9
Federal
do
69.6
72.1
65.3
65.3
65.5
State and local
do
r
Revised.
p Preliminary.
fRevised series. Estimates of national income and
product and personal income have been revised back to 1967 (see p. 17 ff. of the July 1970




A

145.0
142.2
148.3
150.0
147.9
147.3
146.6
146.4
148.5
149.5
141.3
79.4
78.0
75.2
79.1
78.9
75.8
73.8
71. 1
75.5
77.5
67.8
72.1
69.4
69.4
72.1
72.9
73.8
70.6
66.7
68.9
71.5
73.5
SURVEY); revisions prior to May *969 for personal income appear on p. 26 ft. of the July 1970
SURVEY.
9 Includes data not shown separately.

Sr-1

SURVEY OF CUERENT BUSINESS

S-2
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown in
the 1969 edition of BUSINESS STATISTICS

1967

196S | 1969

1968

1967
IV

Annual total

September 1970

I

II

1970

1969
III

IV

I

II

IV

III

I

II

III

IV

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

653.6

712.7

769.5

671.6

687.2

706.1

722.2

735.2

749.3

764.0

779.5

785.2

791.5

' 797. 4

do

467.2

514.1

564.2

481.8

495.3

507.6

520.9

532.5

544.9

557.5

572.2

582.1

592.2

596.4

do
do
do
do
do
do
do_._
do
do

423.1
337.3
16.2
69.5
44.2
62.1
47.3
14.8
21.1

464.8
369.1
17.9
77.8
49.3
64.1
49.1
15.0
21.3

509.0
404.9
19.0
85.1
55.1
66.8
50.5
16.4
22.0

436.2
346.5
17.0
72.7
45.6
62.9
47.7
15.2
21.3

447.9
356.0
17.3
74.7
47.4
62.9
48.5
14.4
21.3

458.9
364.7
17.6
76.6
48.7
63.8
49.2
14.6
21.3

471.0
373.4
18.6
79.0
49.9
64.4
49.2
15.3
21.3

481.4
382.5
18.2
80.7
51.1
65.2
49.4
15.8
21.3

491.6
391.5
18.1
81.9
53.3
66.0
49.9
16.2
21.6

502.9
401.2
18.4
83.4
54.6
66.7
50.5
16.2
22.0

516.4
409.9
19.9
86.6
55.8
67.5
50.9
16.6
22.1

525.3
417.2
19.6
88.5
56.8
67.2
50.6
16.6
22.3

534.4
422.6
a20. 1
a91.7
57.9
67.6
50.6
17.0
22.5

537.4
424.0
19.5
93.9
59.0
67.8
51.2
16.5
22.6

78.7

85.4

85.8

80.0

81.3

86.0

87.4

87.1

87.1

87.4

86.8

82.0

76.7

'77.5

10.0
68.7
38.7
18.0
20.7

11.0
74.4
42.4
19.1
23.3

12.0
73.8
41.8
19.3
22.4

10.2
69.8
38.7
18.1
20.6

10.6
70.6
40.1
18.6
21.5

10.8
75.2
42.8
18.9
23.9

11.5
75.9
42.9
19.4
23.6

11.2
75.9
43.7
19.2
24.4

11.5
75.5
43.4
19.4
24.0

11.9
75.4
42.9
19.9
23.0

12.2
74.6
41.8
19.1
22.7

12.2
69.8
39.1
19.0
20.0

12.0
64.7
35.2
18.3
16.9

12.3
'65.2
35.5
18.2
17.2

10.8
19.1

11.0
21.0

10.7
21.4

10.7
20.3

11.1
19.5

11.0
21.3

11.2
21.8

10.7
21.5

11.0
21.2

10.8
21.8

10.6
22.2

10.3
20.4

9.1
20.4

8.6
21.1

79.8
33.2
46.6
21.4
25.3
-1.1
24.4

88.7
40.6
48.2
23.3
24.9
-3.3
27.8

91.2
42.7
48.5
24.7
23.9
-5.4
30.7

83.3
34.5
48.9
21.0
27.8
-3.3
25.6

86.7
39.8
46.9
22.3
24.7
-5.4
26.4

88.6
40.4
48.3
23.1
25.2
-2.6
27.3

88.4
40.4
48.0
23.8
24.2
-.9
28.2

91.3
41.7
49.6
24.1
25.5
-4.2
29.1

93.0
43.5
49.5
24.1
25.5
-5.9
29.7

93.4
43.8
49.7
24.4
25.2
-6.0
30.4

89.9
42.1
47.9
25.0
22.9
-3.2
31.0

88.5
41.4
47.1
25.2
21.9
-6.5
31.7

82.6
38.0
44.6
25.2
19.4
-5.8
32.4

'82.0
'38.1
'43.9
25.1
'18.8
-4.5
33.1

629.3
83.0
546.3
506.0
40.4

688.7
97.5
591.2
550.8
40.4

748.9
117.3
631.6
593.9
37.6

646.3
86.3
559.9
516.6
43.3

664.0
89.1
574.9
534.1
40.8

680.9
92.6
588.4
543.8
44.6

697.6
102.1
595.6
559,1
36.5

712.5
106.5
606.0
566.4
39.6

725.8
113.8
612.0
577.7
34.3

741.1
118.1
623.0
589.7
33.3

758.1
117.5
640.6
598.7
42.0

770.5
119.9
650.6
609.6
41.1

782.3
117.0
665.3
620.5
44.8

801.3
117.7
683.6
632.1
51.5

65.47
28.51
14.06
14.45

67.76
28.37
14.12
14.25

75.56
31.68
15.96
15.72

18.12
7.77
3.96
3.81

15.10
6.15
3.06
3.09

16.85
6.99
3.36
3.63

16.79
7.13
3.54
3.59

19.03
8.10
4.16
3.94

16.04
6.58
3.36
3.22

18.81
7.82
3.98
3.84

19.25
8.16
4.03
4.12

21.46
9.12
4.59
4.53

17.47
7.14
3.59
3.56

' 20. 33 'i 20. 06 i 22. 66
'8.15 '7.76
8.99
'4.08 ' 3.78
4.44
'4.07 '3.98
4.55

36.96
1.65
1.86
2.29
1.48
8.74
6.75
2.00
6.34
14.59

39.40
1.63
1.45
2.56
1.59
10.20
7.66
2.54
6.83
15.14

43.88
1.86
1.86
2.51
1.68
11.61
8.94
2.67
8.30
16.05

10.35
.47
.50
.64
.38
2.59
2.08
.51
1.73
4.04

8.95
.42
.39
.68
.30
2.07
1.69
.38
1.59
3.50

9.86
.43
.37
.58
.42
2.62
1.94
.68
1.62
3.81

9.66
.39
.31
.64
.41
2.61
1.87
.74
1.61
3.69

10.93
.40
.38
.66
.47
2.90
2.16
.74
2.00
4.13

9.45
.42
.38
.68
.38
2.36
1.88
.48
1.81
3.41

10.99
.48
.44
.66
.46
2.99
2.22
.77
2.00
3.97

11.10
.47
.49
.53
.40
3.03
2.23
.80
2.11
4.07

12.34
.49
.55
.64
.44
3.23
2.61
.62
2.39
4.60

10.32
.45
.42
.73
.28
2.54
2.15
.39
2.14
3.76

' 12. 18 ' 12. 30 13.67
'.47
'.44
.49
'.47
'.46
.52
'.80
'.80
.71
'.31
'.31
.35
4.00
'3.28 '3.70
3.32
'2.59 '2.91
'.69
'.79
.68
2.59
'4.26 ' 2 6. 58 27.60

do
do
do
do

65.66
27.51
13.71
13.80

68.09
28.02
14.11
13.91

66.29
27.84
13.51
14.33

67.77
28.86
14.47
14.40

69.05
28.70
14.39
14.31

72.52
29.99
15.47
14.52

73.94
31.16
15.98
15.18

77.84
33.05
16.53
16.52

77.84
32.39
15.88
16.50

78.22
32.44
16.40
16.05

'
'
'
'

80. 22 'i 81. 05 »
32. 43 ' 31. 21
16. 32 ' 15. 38
16. 11 ' 15. 84

82. 24
32.15
15.53
16.62

do
do
do
do
do
do
do
do
do
do

38.15
1.78
1.82
2.79
1.41
9.46
7.47
1.99
6.37
14.54

40.07
1.80
1.68
2.88
1.43
10.08
7.76
2.32
6.83
15.37

38.45
1.66
1.49
1.98
1.49
10.24
7.64
2.60
6.42
15.17

38.91
1.57
1.29
2.69
1.65
9.82
7.50
2.32
6.67
15.22

40.35
1.52
1.34
2.87
1.75
10.63
7.74
2.89
7.34
14.91

42.53
1.83
1.68
2.89
1.87
11.52
8.62
2.90
7.74
15.00

42.78
1.88
1.76
2.22
1.66
11.68
8.71
2.97
7.92
15.67

44.80
1.89
2.06
2.23
1.65
11.48
8.98
2.50
8.71
16.78

45.46
1.85
1.94
2.80
1.63
11.80
9.36
2.44
8.76
16.67

45.78
1.92
1.74
2.94
1.37
12.14
9.77
2.37
9.14
16.52

' 47. 79 ' 49. 84
'1.84 '1.78
'1.88 ' 1.93
'2.88 '3.48
' 1.12 '1.26
' 12. 72 ' 14. 34
' 10. 15 ' 11. 82
'2.57 '2.52
10.38
' 16. 98 '2 27. 05 2

50.09
1.89
1.87
2.89
1.30
14.62
11.92
2.70

11, 694
7,601
341
1,888
1,864

11, 932
7,946
302
1,765
1,919

12,685
8,386
344
1,990
1,965

13, 295
8,878
393
2,000
2,024

12, 714
8,378
357
1,93'
2,044

11, 948
7,472
391
2,089
1,996

14,291
9,585
313
2,150
2,243

14, 565
9,581
458
2,286
2,240

-11,832 12, 444 12, 374 -11,618 -13, 978
7,576 -9, 606
-8, 132 -8,569 -8, 443
-1,112 -1,147 -1,173 - 1, 198 -1,187
-905 -1,071
-762
-761
-732
-1,856 -1,967 -1,996 -1,939 -2, 114

-13, 909
-9,263
-1,220
-1,240
-2, 186

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
do
Corporate profits tax liability
do
Corporate profits after tax
do
Dividends
do
Undistributed profits
do
Inventory valuation adjustment
do
Net interest
do
DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income, total
bil. $._
Less* Personal tax and nontax payments
do
Equals: Disposable personal income
do
Less* Personal outlays©
do
Equals: Personal saving§
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals :t
All industries
bil. $
Manufacturing
do
Durable goods industries J
do
Nondurable goods industries 1_ . . . . do
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 J
Nondurable goods industries t
Nonmanufacturing
Mining . _
Railroad
Air transportation _ . .
Other transportation
Public utilities
Electric
Gas and other
Communication
Commercial and other,

.

do
do
do
do
do
do
do
do
do
do

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

46, 204
30, 681
1,239
6,872
7,412

50, 626
33, 588
1,396
7,690
7,952

55, 516
36, 473
1,514
8,839
8,690

Imports of goods and services
do
-40,991 -48, 127 -53,566 10,703 11,477
Merchandise adjusted excl militarv
do
-26, 821 -32, 964 35,835 -7, 154 -7,820
Military expenditures
do
-4,378 -4,535 -4,850 -1,112 -1, 103
-607
-677
Income on foreign investments in the U.S do
-2, 362 -2, 932 -4,463
Other services
do
-7,430 -7,696 -8, 418 -1,830 -1,877
Unilateral transfers, net (excl. military grants);
transfers to foreigners (— )
mil $
-629
-643
-2, 970 -2, 829 -2, 835
' Revised.
v Preliminary.
1 Estimates (cofrec
ted for systematic biases) for Julj7Sept. 1970 and Oct.-Dec. 1970 based on expected capi tal expenc iitures of business Expecte d
2Incl udes connexpenditures for the year 1970 appear on p. 18 of the 3ept..l970 SURVEY.1
munication.
fSee corresponding note on p. S-l
9 In eludes in pentory valuatic)n
adjustment.
t Revised series; explanation of revis ions and annual 2ind quar terly da ta
back to 1947 appear on pp. 25 ff . of the Jan. 1970 SURV EY; see al so pp. 19 ff. of the Feb. 19 70
SURVEY.
0Personal outlays comprise personal co nsumptio [i expendi tures, in terest pa id




27. 53

14, 712 r 15,355 "15,890
'
9,835 10,241 "10, 714
^432
352
'258
2,314 ' 2, 499 "2, 280
2,211 ' 2, 357 "2, 464

-14,061
-9,390
-1,245
-1,247
-2, 179

'-14, 504 "-14, 771
••-9, 723 "-9, 867
--1,178 P- 1,247
'-1,348 p-1,328
'-2, 255"-2, 329

-721 '-739 p-754
-690
-812
-612
-768
-757
-675
§1Personal saving is excess
by consumers and per sonal tra nsfer pajnnents t 3 foreign*srs.
ncome o ver perse nal outkiys.
of dis posable i
HD ata for ir[dividual durable and non durable j*oods inc ustries c omponerits appear in the
d"Hlore comiplete de ;ails are given in
Mar., June, S 2pt., and Dec. issues of th e SURVE Y.
i
the q uarterly reviews i n the MEir., June, Sept., a id Dec. ssues of 1,he SURV EY.
"In eludes trle retroac tive pay increase for Fede ral personnel.

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