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SURVEY OF CUKKENT BUSINESS

8

December 1970

NATIONAL INCOME AND PRODUCT TABLES
1969
1968

1969

II

III

1970

IV

I

II

1970

1969

III

1968

1969

II

Seasonally adjusted at annual rates

III

IV

I

II

III

Seasonally adjusted at annual rates

Billions of current dollars

Billions of 1968 dollars

Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
Gross national product

.

. _

865.0

951.7

959.5

971.1

985.5

707.2

727.1

726.1

730.9

729.2

723.8

724.9

727.4

582.1

592.6

603.1

614.4

622.1

452.3

467.7

467.1

468.7

471.7

474.0

478.1

479.6

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

91.2
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

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

Fixed investment

942.6

573.3

126.5

Gross private domestic investment

923.7

577.5

84 0
230.2
221.6

Durable goods
Nondurable goods
Services

931.4

535.8

Personal consumption expenditures..

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

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

Nonresidential
StructuresProducers' durable equipment

88.7
29.6
59.1

99.3
65.5

97.5
32.3
65.2

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

Change in business inventories
Nonfarm
Farm

25

Federal
National defense
Other
State and local

26

26

35

4.1

4.2

.9

.2

— .3

.8

.9

1.9

2.4

3.1

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

212.2

209.9

214.1

216.3

219.6

218.4

221.0

148.3

147.8

147.9

147.3

146.6

145.0

99.5
78 0
21.5
100.7

Government purchases of goods and services

13

55.5
53.6

200.2

...

19

50.6
48.1

Net exports of goods and services
Exports
Imports

oo o

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

141.3

140.6

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

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 A
722.8
4.6

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

479.8
474.2
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

392.1
387.5
4.6

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

176.1
170.4
5.7

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

167.1
162.7
4.3

Nondurable _
Final sales
Change in business inventories

254.5
252 5
2.0

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

225.0
224.7
.2

347.1
87.4

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

274.8
60.5

Gross national product
Final sales
Change in business inventories

..

Goods output
Final sales. _
Change in business inventories

Services
Structures

..

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 worldGeneral government.. .




931.4

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 A

770.1 827.8

822.3

836.6

844.0

848.5 858.4

871.7

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

836.5
808.5
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

645.9
622.9
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
4.7

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
4.4

94.9

103.6

101.4

106.0

107.7

112.8

113.9

59.7

60.7

60.5

61.0

61.1

60.7

60.7

60.6

865.0

111.0

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

A 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

1969
III

Annual total

i | n

1970

1969

1968 '

| IV

III

| IV

i

| ir

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

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

622.1

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
- - - --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

265.8
52.3
132.3
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

265.1
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

138.3

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

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

__ 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

5.5
5.2
.3

-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

434.3

445.0

448.4

457.7

458.1

463.3

467.1

468.7

471.7

474.0

478.1

479.6

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 national product total f
Personal consumption expenditures, total

Durable goods tota!9
do. __
Automobiles and parts
do
Furniture and household equipment _ _ do
Nondurable goods, total?
Clothing and shoes
Food and beverages
Gasoline and oil

--

Services total 9
Household operation
Housing
Transportation
Gross private domestic investment, total

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

_ _

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

do

430.1

452.3

467. 7

431.6

- - 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

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

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

.9

1.9

2.4

3.1

Personal consumption expenditures, total
Durable goods
Nondurable goods
Services

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

- .
.

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

do

3.6

.9

.2

4.2

2.1

142.2
140.2
147.8
148.3
140.7
Govt. purchases of goods and services, total, .do
75.4
75.5
75.7
74.7
78.7
Federal
.. do
66.7
72.165.3
69.6
65.5
State and local
do
r
Revised.
* Preliminary.
fRevised series. Estimates of national income and
product and personal income have been revised back to 1967 (see p. 17 fl. of the July 1970

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

.8

1.5

1.5

-.2

-.4

-.3

.8

140.6
145.0
141.3
147.3
146.6
147.9
146.4
150.0
148.5
148.3
149.5
66.2
67.8
71.1
75.2
73.8
79.4
78.0
75.8
78.9
77.5
79.1
74.4
73.5
73.8
72.9
72.1
72.1
69.4
69.4
70.6
68.9
71.5
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-l
410-758 O - 70 - SI




SURVEY 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

1968

1969

Annual total

I

1970

1969
III

II

December 1970

IV

I

II

IV

III

I

II

1971
III

IV

I

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
i

NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Hates
National income totalf
bil. $

653.6

712.7

769.5

687.2

706.1

722. 2

735.2

749.3

764.0

779.5

785.2

791.5

797.4

806.6

Compensation of employees, total . . _ d o _ _

467.2

514.1

564.2

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

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

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
2^ 3

534.4
422.6
«20.1
«91. 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

81.3

86.0

87.4

87.1

87.1

87.4

86.8

82.0

76.7

77.5

- 78.4

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

10.6
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

\9 9

\9 9

74.6
41.8
19.1
22.7

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

- 12. 9
-65.5
34.7
18.3
16.3

10.8
19.1

11.0
21.0

10.7
21.4

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

9.1
21.7

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

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
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

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

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 ' 20. 26
8.15 - 7.99
4.08 '3.87
4.07 -4.12

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

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. 27
.47
-.46
.47
.46
.80
-.74
.31
-.30
3.28 -3.58
2.59 -2.79
.69
-.78
2.59
2 56
4.26
-4.16

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
32.43
16.32
16.11

- 81. 88 i 81. 72 i 81. 40
- 32. 15 - 32. 13 31. 49
15.70
- 15. 74 - 15. 30
15.79
- 16. 40 - 16. 82

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
1.84
1.88
2.88
1.12
12.72
10.15
2.57
10.38
16.98

- 49. 73
- 1.86
-1.96
-3.24
- 1. 22
- 13. 84
-11.34
-2.50
10.62
- 17. 00

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 - 15,342 ^15, 914
9,835 - 10,228 - 10, 705
432
352
258
2,314
2,499 r 2, 302
2,211
2, 357 - 2, 475

Imports of goods and services
.
do
-40.991 -48, 127 -53,566 -11,477 -11,832
Merchandise, adjusted, excl. military
do
-26, 821 -32,964 -35,835 -7,820 -8, 132
Military expenditures
do
-4,378 -4,535 -4,850 -1,103 -1,112
Income on foreign investments in the U.S do
-2, 362 -2, 932 -4,463
-732
-677
Other services
do
-7,430 -7,696 -8,418 -1,877 -1,856
Unilateral transfers, net (excl. "military" "grants)";"
transfers to foreigners (-)
mil. $._ -2, 970 -2,829 -2, 835
-629
-675
r
Revised.
p Preliminary.
1 Estimates (cor rected for systemat ic biases) for Oct
Dec. 1970 and Jan.— Mar. 1971 based on expected car)ital expei iditures o f busines 5. Expecl ed
2
expenditures for the year 1970 appear on p. 15 of thtj Dec. 197 0 SURVEY
Inceludes co mmunication.
fSee corresponding note on p. S--1.
9liicludes iriventory valuat 011
adjustment.
{Revised series; explanation of rev sions ancI annual and qua rterly d ata
back to 1947 appear on pp. 25 fl. of the Jan. 1970 SUR
VEY; see a Iso pp. If ff. of th e Feb. 1970
SURVEY.
ePersonal outlays comprise personal c<
3nsumpti m expend itures, iriterest paid

-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
i-2,114

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

do
do
do__._
do
do
do
do
do
do

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 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:t
All industries
Manufacturing. . . . . . .
Durable goods industries f
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
do
do
do
do

1

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




i

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

A

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

-84.4
r 38. 9

45.4
25.4
20.0
-5.9
33.8

807.2
114.2
693.0
640.2
52.7

122. 52 1 18. 12
-8.98
6.93
-4.37
3.43
-4.61
3.50
- 13. 54
-.47
-.49
-.67
-.34
-3.93
3.32
- .62

11.19
.44
.36
.50
.24
3.35
2.90
.45

27.64

26.31

- 49. 60
-1.81
- 1.76
-2.72
-1.27
- 14. 36
-11.91
-2.45

49.91
1.86
1.56
2.03
1.15
15.92
13.21
2.72

-2 27. 68 2 27. 38

pl5, 924
p-10,678
p341
p 2, 407
p 2, 498

p-14,90
-9,723 '-9,876 --9,958
-1,178 --1,255 p-1,21
-1,348 --1,325 p-1,29
'-2,261 --2,354 p-2,43

--14,51C - 14,810

-757
-768
-612
-812
-690
-721
-739 '-721 p -752
by c Dnsumers , and personal tr insfer pa yments t o foreigrlers.
§ Personal saving is excess
of di sposable income ()ver pers onal out ays.
Hi-)ata for ndividua 1 durablei and noiidurable goods in dustries sompone nts appear in the
Mar, , June, £ ept., am1 Dec. issues of t ^ie SURVI:Y.
cf More cornplete d(jtails are given in
t h e cquarterly reviews in the M ar., June , Sept., a nd Dec. issues of the SUR ^EY.
"I ncludes t he retrojictive pa y increas e for Fed eral pen5onnel.

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