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SUEVEY OF CURRENT BUSINESS

8

October 1970

NATIONAL INCOME AND PRODUCT TABLES
1969
1968

1969

II

III

1970

1969

IV

1968

1969

II

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)
Gross national product.. .

865.0

931.4

923.7

942.6

951.7

959.5

971.1

985.2

707.2

727.1

726.1

730.9

729.2

723 8

724.9 727 5

535.8

577.5

573.3

582.1

592.6

603.1

614.4

622.4

452 3

467 7

467.1

468.7

471 7

474 o

478 1 480 2

84.0
230.2
221.6

90.0
245.8
241.6

90.6
244.0
238.7

89.5
248.1
244.5

90.8
252.0
249.8

89.1
258.8
255.2

91.9
262.6
259.9

91.4
265.5
265.4

81.4
196.5
174.4

84.9
201 2
181.6

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 83.9
206 6 208 2
186.6 188. 1

126.5

139.8

139.3

143.8

140.2

133.2

134.3

136.8

105.7

111.3

111.5

114.1

110.0

102.9

103.1 102 6

118.9

131.4

131.4

132.4

133.0

131.6

131.2

132.8

98 8

104 1

104.8

104.2

103 9

101 5

100 1

99 5

Nonresidential _ _ _ _ _
Structures
Producers' durable equipment ._

88.7
29.6
59.1

99.3
33.8
65.5

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

103.7
35.4
68.4

75.5
22 7
52.7

80.8
24 0
56.9

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

79.6
22 8
56. 8

^Residential structures
Nonfarm
Farm

30. 3
29 7
.5

32.0
31 5
.6

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

29.1
28 5
.6

23.3
22 9
.4

23.3
22 8
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

19. 9
19 5
4

7.6
7.5
.1

8.5
8.0
.4

7.9
7.6
.3

11.3
10.8
.5

7.2
6.5
.7

1.6
.9
.7

3.1
2.6
.5

4.0
3.5
.5

6.9
6.8
.1

7.2
6.8
.4

6.6
6.3
.3

9.9
9.3
.6

6.1
5.4
.8

1.3
.8
.6

2.9
2.5
.4

3. 2
2.7
.4

Personal consumption expenditures
Durable goods
Nondurable goods
Services..

...
.

Gross private domestic investment
Fixed investment

Change in business inventories
Nonfarm _
Farm
Net exports of goods and services
Exports ..
Imports

2.5

...

.

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

. . . .

1.9

1.3

2.6

2.6

3.5

4.1

4.7

.9

.2

-.3

.8

.9

1.9

2.4

2.9

50.6
48.1

55.5
53.6

57.2
55.9

58.3
55.6

58.8
56.2

61.1
57.6

62.8
58.7

63.5
58.8

45.7
44.8

48.5
48.2

50.7
51.1

50.8
50.0

50.0
49.1

52.0
50.1

52.9
50.5

53.4
50.6

200.2

212.2

209.9

214.1

216.3

219.6

218.4

221.3

99.5
78.0
21.5
100.7

101.3
78.8
22.6
110.8

99.8
77.9
21.9
110. 1

102.5
79.8
22.7
111.6

102.1
78.8
23.3
114.2

102. 3
79.3
23.0
117.4

99.7
76.8
22.9
118.7

99.0
75.2
23.8
122.4

148.3

147.8

147.9

147.3

146.6

145.0

141.3 141.7

78.7

75.7

75.8

75.2

73.8

71.1

67.8

67.2

69.6

72.1

72.1

72.1

72.9

73.8

73.5

74.5

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3,1.5)
865.0
857.4
7.6

931.4
922.9
8.5

923.7
915.9
7.9

942.6
931.2
11.3

951.7
944.5
7.2

959.5
957.9
1.6

971.1
968.1
3.1

Goods output
Final sales
Change in business inventories ..

430.6
422 9
7.6

460.0
451 6
8.5

456 7
448 8
7.9

466.2
454 9
11.3

468.9
461 7
7.2

467.1
465 5
1.6

474.9
471 8
3.1

Durable goods
Final sales
Change in business inventories

176.1
170 4
57

190.2
183 9
6 4

189.4
182 7
67

192.7
184 8
79

192.7
187 4
53

185.3
185 5
— 3

Nondurable
Final sales
Change in business inventories

254 5
252.5
2 0

269 8
267.7
21

267 3 273 5
266.1 270.1
12
35

276 2
274.3
1.9

347 1
87 4

377 e
93 8

372 3
94 8

390 3
92 5

Gross national product
Final sales...
Change in business inventories

Services
Structures

383 0
93 3

985.2
981.2
4.0

707.2
700.3
6.9

727.1
719.9
7.2

726.1
719.4
6.6

730.9
720.9
9.9

729.2
723.0
6.1

723.8
722.4
1.3

724.9 727.5
721.9 724.3
3.2
2.9

4.0

380.7
373 8
6.9

392.2
385 0
7.2

391.1
384 5
6.6

395.7
385 8
9.9

393.5
387 4
6.1

387.3
386 0
1.3

391.1
388.2
2.9

186.6
188.5
—1 9

162.1
157 1
51

170.1
164 7
53

170.0
164.5
55

171.6
164.9
6.7

170.3
165.9
4.4

162.3
162.6
—.3

162.9
164.4
-1.5

281 8
280.0
19

288.3
283.3
5.0

218 6
216.7
1.8

222.1
220.3
1.8

221.1
220.0
1.1

224.1
220.9
3.2

223.3
221.5
1.8

225.1
223.4
1.6

228.3
223.8
4.5

400 1
92 3

405.8
90.4

260 0
66 6

268 2
66.6

267 2
67.8

269 8
65.4

271.3
64.4

273 1
63.4

272.8
60.9

3.2

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

923.7

942.6

951.7

959.5

971.1

985.2

707.2

727.1

726.1

730.9

729.2

723.8

724.9 727.5

770.1

827.8

822.3

836.6

844.0

848.5

858.4

871.3

647.6

666.4

665.6

669.8

668.1

663.1

664.2 666.8

740 1
714.6
25.5

795 4
767.9
27.5

790 3
762 7
27.6

804 2
776 6
27.6

810 8
783.0
27.8

814 3
785.5
28.8

824.5
796.0
28.5

836.9
809.0
28.0

627". 2
603.4
23.8

646.0
622.5
23.6

645.3
622.0
23.3

649.7
626.2
23.5

647.6
624.7
22.8

642.1
619.5
22.6

644.0 646.7
621.0 623.7
23.0 22.9

25.3
4.7

28.1
4.3

27.8
4.2

28.3
4.1

29.0
4.2

29.6
4.5

30.0
3.9

30.5
3.9

15.9
4.5

16.4
4.0

16.3
3.9

16.3
3.8

16.6
4.0

16.7
4.3

16.5
3.6

16.5
3.7

111.0

112.8

113.9

59.7

60.7

60.5

61.0

61.1

60.7

60.7

60.6

94.9

103.6

101.4

106.0

107.7

p Preliminary.




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 and 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).

CURRENT BUSINESS STATISTICS

J.HE 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

1968

1967

1968 | 1969

III

IV

I

II

1969

| III

IV

I

II

1970

III

IV

I

|

II

Hip

Annual total
Seasonally adjusted quarterly totals at annual rates

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

793.9

865.0

931.4

800.9

815.9

834.9

858.1

875.8

891.4

907.6

923.7

942.6

951.7

959.5

971.1

985.2

do

492.1

535.8

577.5

495.5

502.5

519.7

529.1

543.8

550.8

561.8

573.3

582.1

592.6

603.1

614.4

622.4

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

73.1
30.5
31.4

84.0
37.2
34.6

90.0
40.3
36.7

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

91.4
39. 3
38.3

do
- do
do
do

215.0
42.3
108.5
17.6

230.2
46.1
115. 1
19.0

245.8
49. 9
121.7
21.1

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

265. 5
52.3
132.0
23.0

_.

__ do
do
do
do

204.0
29.1
71.8
14.5

221.6
31.2
77.4
15.6

241.6
33.9
84.0
16.7

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

265.4
36.8
92.6
18.2

Gross private domestic investment, total

do

116.6

126.5

139.8

118.6

123.0

119.8

127.3

126.5

132.6

136.0

139.3

143.8

140.2

133.2

134.3

136.8

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

132. 8
103.7
35.4
68.4
29. 1
28.5
4.0
3.5

Gross national product, total f
Personal consumption expenditures, total

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

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

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

do
__.do_
do

5.2
46.2
41.0

2.5
50.6
48.1

1.9
55.5
53.6

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

4.7
63. 5
58. 8

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

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

221.3
99. 0
75. 2
122. 4

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

do
do
do
do
do
do

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

7!)2. 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

981.2

do
do
do

8.2
4.7
3.5

7.6
5.7
2.0

8.5
6.4
2.1

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

4.0

675.2

707.2

727.1

678.9

683.6

693.5

705.4

712.6

717.5

722.1

726.1

730.9

729.2

723.8

724.9

727.5

471.7

474.0

478.1

480.2

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

bil $

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

do

430.1

452.3

467.7

431.6

434.3

445.0

448.4

457.7

458.1

463.3

467.1

468.7

.do
do_
do

72.9
190.2
167.0

81.4
196. 5
174.4

84.9
201.2
181.6

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

83. 9

do.

101.2

105.7

111.3

102.4

105.1

101.3

107.1

105.1

109.5

109.7

111.5

114.1

110.0

102.9

103.1

102.6

99.5

2.9

do
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

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

101.0
77.1
23.9
8.5

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

3.6

.9

.2

4.2

2.1

.8

1.5

1.5

-.2

-.4

-.3

.8

.9

1.9

2.4

142.2
140.2
148.3
147.8
140.7
Govt. purchases of goods and services, total, .do
75.4
75.5
78.7
Federal
.
. d o
74.7
75.7
65.3
72.1
66.7
69.6
State and local..
.
.do
65.5
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

404-263 O - 70 - SI




3.2

141.7
141.3
145.0
147.3
146.6
147.9
149.5
148.3
150.0
146.4
148.5
67.2
67.8
71. 1
75.2
73.8
78.0
75.8
79.4
78.9
79.1
77.5
74. 5
73.5
73.8
72.9
72. 1
72.1
69.4
70.6
71.5
69.4
68.9
SURVEY) ; revisions prior to May 1969 for personal income appear or p. 26 f!. of the July W70
SURVEY.
9 Includes data not shown separately.

October 1970

SURVEY OF CURKENT 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

Annual total

I

IV

II

1970

1969

1968

1967

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 totalt
toil
$

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

Compensation of employees total

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

603.8

\Vages 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

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

543.4
428.9
19.2
95.4
60.4
67.8
51.7
16.1
22.7

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
o
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

-5.8
33.8

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

807.1
114.1
693.0
640.5
52.5

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
8.15
4.08
4.07

i 20. 06
7.76
3.78
3.98

122.66
8.99
4.44
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
.47
.47
.80
.31
3.28
2.59
.69
2.59
4.26

12.30
.44
.46
.80
.31
3.70
2.91
.79

13.67
.49
.52
.71
.35
4.00
3.32
.68

26.58

27.60

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 i 82. 24
32.43 31.21 32.15
15.53
15.38
16.32
16.62
15.84
16.11

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

49.84
50.09
47.79
1.89
1.78
1.84
1.87
1.93
1.88
2.89
3.48
2.88
1.30
1.26
1.12
14.62
14.34
12.72
11.92
11.82
10.15
2.70
2.52
2.57
10.38
16.98 2 27. 05 227.53

15,355 pl5 890
10,241 plO, 714
P432
258
2,499 P2,280
2, 357 "2, 464

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 1
. . do
Nondurable goods industries t
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:f
All industries
.
Manufacturing .
Durable goods industries f _
Nondurable goods industries 1
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
do
do
do
do
do
do
do
do
do
do
do
... .do. . .
do
do

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 militarv
do
Transfers under military sales contracts
do
Income on U.S. investments abroad .
do
Other services
.
do
Imports of goods and services

do

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

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

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
1,935
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

14, 712
9,835
352
2,314
2,211

-40, 991 -48, 127
-26, 821 -32,964
-4,378 -4,535
-2,362 -2, 932
-7,430 -7,696

-53,566
-35,835
-4,850
-4,463
-8, 418

-10, 703
-7, 154
-1,112
-607
-1,830

-11,477
-7,820
-1,103
-677
-1,877

-11,832
-8, 132
-1,112
-732
-1,856

-12, 444
-8,569
-1,147
-761
-1,967

-12, 374
-8, 443
-1,173
-762
-1,996

-11,618
-7, 576
-1,198
-905
-1,939

-13, 978
-9,606
-1,187
-1,071
-2, 114

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

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

46,204
30,681
1,239
6,872
77412

Military expenditures
.. . do
Income on foreign investments in the U.S__do
Other services
do
Unilateral transfers, net (excl. military grants);
-629
transfers to foreigners ( )
mil $
-643
-2, 970 -2,829 -2,835
r
Revised.
p Preliminary.
1 Estimates (corrected for systemati 3 biases) for Jul
. Expect
Sept. 1970 and Oct.-Dec. 1970 based on expected cap ital expen ditures of business
expenditures for the year 1970 appear on p. 18 of the Sept. 197() SURVEY
2Inc ludes coiTlmunication.
fSee corresponding note on p. S- 1.
9 In eludes in ventory valuati 3n
adjustment.
J Revised series; explanation of revi sions and annual <ind qua rterly da ta
back to 1947 appear on pp. 25ff. of the Jan. 1970 SUR\ EY; see a so pp. 19 ft. of th 3 Feb. 19 70
SURVEY.
ePersonal outlays comprise personal co nsumptio n expendi tures, in terest palid




5

-14,504
-9,723
-1,178
-1,348
-2, 255

25.4

p-14, 771
p-9. 867
P- 1,247
p- 1,328
p-2, 329

p-754
-721
-739
-690
-812
-612
-768
-757
-675
§Personal saving is excess
by cc nsumers , and per sonal trsmsfer pa yments t o foreigners.
of dis posable income o ver pers(mal outl ays.
ID ata for iridividua durable and noridurable goods im Lustries (jomponeiits appear in the
cfJVfore conaplete de tails are given in
Mar. June, S ept., anc Dec. iss>ues of tl:le SURVE,Y.
the q uarterly reviews n the M ir., June Sept., a nd Dec. issues of the SUR^SrEY.
a
eludes tlle retroa<stive pajr increase, for Fed era! pers(mnel.
ln

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