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SURVEY OF CURRENT BUSINESS

10

November 1970

NATIONAL INCOME AND PRODUCT TABLES
1970

1969
1968

1969

II

III

II

IV

1969

III

1968

1969

II

Seasonally adjusted at annual rates

III

1970
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)
865.0

Durable goods. .
Nondurable goods
Services

_.

923.7

942.6

951.7

959.5

971.1

985.5

707.2

727 1

726 1

730 9

729 2

723 8

724 9

727 4

577.5

573.3

582.1

592.6

603.1

614.4

622.1

452.3

467.7

467.1

468.7

471.7

474 o

478 1

479 6

84.0
230.2
221.6

_..
- -

931.4

535.8

Gross national product
Personal consumption expenditures. _

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

91.2
265.8
265.1

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
206 6
186 6

83 6
208 2
187 8

126.5

139.8

139.3

143.8

140.2

133.2

134.3

138.3

105.7

111.3

111.5

114.1

110.0

102.9

103.1

104.1

118.9

131.4

131.4

132.4

133.0

131.6

131.2

132.7

98.8

104.1

104.8

104.2

103.9

101 5

100 1

99 6

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

103.6
35.0
68.6

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 6
56.9

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

29.2
28.6
.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

20.0
19.6
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

5.5
5.0
.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

4.6
4.1
.4

Gross private domestic investment
Fixed investment

--

. .

Change in business inventories
Nonfarm
Farm

..

2.5

Exports
Imports

1.9

1.3

2.6

2.6

3.5

4.1

4.2

.9

.2

-.3

.8

.9

1.9

2.4

3.1

50.6
48.1

Net exports of goods and services

55.5
53.6

57.2
55.9

58.3
55.6

58.8
56.2

61.1
57.6

62.8
58.7

62.8
58.6

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

52.0
48.9

141.3

140.6

200.2

Federal
National defense
Other
State and local

212.2

209.9

214.1

216.3

219.6

218.4

221.0

148.3

99.5
78.0
21.5
100.7

Government purchases of goods and services

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

98.6
75.8
22.9
122 A

78.7

75.7

75.8

75.2

73.8

71.1

67.8

66.2

69.6

72.1

72.1

72.1

72.9

73.8

73.5

74.4

147.8

147.9

147.3

146.6

145.0

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

.

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

..

Services
Structures

942.6
931.2
11.3

951.7
944.5
7.2

959.5
957.9
1.6

971.1
968.1
3.1

985.5
980.0
5.5

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
721.9
2.9

727.^
722 J
4.i

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

474.9 479.8
471.8 474.2
3.1
5.5

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

392.
387.,
4.'

190.2
183.9
6.4

189.4
182.7
6.7

192.7
184.8
7.9

192.7
187.4
5.3

185.3
185.5
-.3

186.6
188.5
-1.9

193.5
188.3
5.2

162.1
157.1
5.1

170.1
164.7
5.3

170.0
164.5
5.5

171.6
164.9
6.7

170.3
165.9
4.4

162.3
162.6
-.3

162.9
164.4
-1.5

167.
162.'

254.5
252.5
2.0

_.

923.7
915.9
7.9

430.6
422.9
7.6

.

931.4
922.9
8.5

269.8
267.7
2.1

267.3
266.1
1.2

273.5
270.1
3.5

276.2
274.3
1.9

281.8
280.0
1.9

288.3
283.3
5.0

286.3
286.0
.3

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

225.
224.

347.1
87.4

Goods output
Final sales _ _
Change in business inventories

865.0
857.4
7.6

176.1
170.4
5.7

Gross national product
Final sales
Change in business inventories

377.6
93.8

372.3
94.8

383.0
93.3

390.3
92.5

400.1
92.3

405.8
90.4

413.2
92.6

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

274.
60.

4.:

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

865.0

Gross national product

770.1

Private..
Business. _
Nonfarm
Farm
Households and institutions
Rest of the world
General government.




_

931.4

827.8

740.1 795.4
714.6 767.9
25.5 27.5

25.3
4.7

28.1
4.3

94.9

103.6

923.7
822.3

942.6
836.6

951.7

844.0

959.5

971.1

985.5

707.2

727.1

726.1

730.9

729.2

723.8

724.9

727.

848.5

858.4

871.7

647.6

666.4

665.6

669.8

668.1

663.1

664.2

666.

837.1
809.1
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
621.0
23.0

646.
623.
22.

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

27.8
4.2

28.3
4.1

29.0
4.2

29.6
4.5

30.0
3.9

30.5
4.1

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.
3.

107.7

111.0

112.8

113.9

59.7

60.7

60.5

61.0

61.1

60.7

60.7

60.

101.4

106.0

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

1967

1968 1 1969
III

Annual total

1969

1968
IV

I

II

| III | IV

I

II

1970

III

IV

I

| II

III

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. 5

Personal consumption expenditures, total

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

r 622. 1

Durable goods total 9- - Automobiles and parts
Furniture and household equipment

do
do
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

'91.2
>-39.2
'38.1

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

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

Gross national product total f

Nondurable goods, total?
Clothing and shoes
-- - Gasoline and oil

do

Services total 9
Household operation
Housing
-Transportation

__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

r 265. 8
52.3
r 132. 3

23.0

' 265. 1
'36.9
92.6
18.2

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

r 138. 3

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

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. 7
'103.6
'35.0
'68.6
'29.2
'28.6
'5.5
'5.0

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

'4.2
'62.8
'58.6

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. 0
'98.6
' 75. 8
122.4

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

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

' 980. 0
474.2
188.3
286.0
413.2
92.6

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

'5.5
5.2
.3

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

do
do. __
do

-

-

do
do
do
- -- -- -_do
do _
do_ __

Change in business inventories
Durable goods
Nondurable goods

-

-

-

do
do
do _

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

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. 4

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

471.7

474.0

478.1

' 479. 6

__

- 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

'83.6
208.2
' 187. 8

Gross private domestic investment, total

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

' 104. 1

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

'99.6
79.6
'20.0
'4.6

3.6

.9

.2

4.2

2.1

.8

1.5

1.5

— 2

-.3

.8

.9

1.9

2.4

'3.1

Gross national product, total t

_

Personal consumption expenditures, total
Durable goods
Nondurable goods
Services

_ _

Fixed investment
_.. __
Nonresidential
Residential structures
Change in business inventories
Net exports of goods and services

_ _ _

do
do
do
do
do.__

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

141.3 ' 140. 6
145.0
146.6
147.3
146.4
150.0
149.5
147.9
148.3
148. 5
'66.2
67.8
73.8
71.1
79.4
75.2
78.0
79.1
78.9
75.8
77.5
'74.4
73.5
73.8
72.9
72.1
69.4
69.4
70.6
72.1
71.5
68.9
SURVEY); revisions prior to May 1969 for personal income appear on p. 26 ff. of the July 1970
SURVEY.
9 Includes data not shown separately.

s-1
407-579 O - 70 - 3




SUEVEY OF CURRENT 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

1968

1969

1968

1967

IV

Annual total

November 1970

I

II

1969

III

IV

I

II

1970

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 t
bil. $

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 P807.2

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

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

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
'19.1
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

p 79.0

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

J>12.8
"66.3

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
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 P85.0
38.1 P39.6
43.9 P45.4
25.1
25.4
18.8 P20.0
-4.5 ' -5.9
33.1
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 r 807. 2
117.7 r 114. f
683.6
693.0
632.1 r 640. 2
51.5 '52.7

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

i 22. 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

f2. 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

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

do
do
do
do x
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
L66
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

50.09
49.84
47.79
1.89
1.78
1.84
1.93
1.87
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
2.52
2.70
2.57
10.38
16.98 2 27. 05 2 27. 53

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

Imports of goods and services
do
-40.991 -48, 127 -53,566 -10, 703 -11,477
Merchandise, adjusted, excl. military
do
-26, 821 -32, 964 -35,835 -7,154 -7,820
Military expenditures
_
do
-4,378 -4, 535 -4,850 -1,112 -1, 103
Income on foreign investments in the U.S_.do
-2, 362 -2, 932 -4,463
-677
-607
Other services
do
-7,430 -7,696 -8, 418 -1,830 -1,877
Unilateral transfers, net (excl. military grants);
transfers to foreigners (— )
mil $
-629
-2, 970 -2, 829 -2,835
-643
T
Revised.
v Preliminary.
1 Estimates (correeited for s ystematic biases) for Jul}7Sept. 1970 and Oct.-Dec. 1970 based on expected capi tal expemlitures of business Expecte d
expenditures for the year 1970 appear on p. 18 of the Sept. 1970 SURVEY.1
2Inc udes conrimunication.
tSee corresponding note on p. S- 1.
9 In eludes in yentory valuatic ii
adjustment.
{Revised series; explanation of revi sions and annual a nd quai terly da ta
back to 1947 appear on pp. 25 ff. of the Jan. 1970 SURV EY; see also pp. 19 ff . of the Feb. 19 70
SURVEY.
ePersonal outlays comprise personal co nsumptio n expendi ;ures, in ierest pa id

-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

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:!
All industries
bil. $
Manufacturing.
do
Durable goods industries 1 .
do
Nondurable goods industries I... . 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:J
All industries.
Manufacturing
.
Durable goods industries f
Nondurable goods industries f
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

Q

14,712 15,355 p 15, 890
9,835 ' 10,228 r 10,700 plO, 680
P432
352
258
2,314
2,499 P2, 280
2,211
2, 357 p2, 464
-14,061
-9,390
-1,245
-1,247
-2, 179

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

p-14, 771
'-9,874 p-9,900
p- 1,247
p- 1,328
p-2, 329

p-754
-757
-612
-812
-690
-721
-739
-675
-768
by co nsumers and per sonal tra nsfer pa:/nients t o foreign Brs.
§ Personal saving is excess
of dis posable i ncome o ver perse nal outl ays.
HD ata for ii idividua] durable and non durable ?oods ine lustries c omponerits appear in the
Mar., June, S 3pt., and Dec. iss ues of th e SURVE Y.
d"!tfore coniplete de tails are given in
the q uarterly reviews i n the MEir., June Sept., a rid Dec. i ssues of the SUR\ EY.
«Ir eludes t 16 retroa stive pajT increasei for Fed eral persemnel.

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