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SURVEY OF CURRENT BUSINESS

February 1979

NATIONAL INCOME AND PRODUCT TABLES
1978

1977
1977

1978

III

IV

i

ii

1977

in

rv

1977

1978'

III

1978
IV

Seasonally adjusted at annual rates

I

II

III

IV

Seasonally adjusted at annual rates

Billions of current dollars

Billions of 1972 dollars

Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
,887.2 2,106.9 1,916.8 1,958.1 1,992.0 2,087.5 2,136.1

Gross national product
Personal consumption expenditures..

857.7

891.9

858.0

876.6

873.5

886.3

895.1

912.6

183.5
501.4
591.8

197.8
519.3
605.8

199.5
531.7
625.8

209.2
553.5
642.5

137.8
330.4
389.5

144.6
339.6
407.6

136.9
329.2
391.8

143.0
338.1
395.6

137.8
333.3
402.4

145.8
336.3
404.2

144.8
340.4
410.0

150.1
348.6
413.8

313.5

322.7

345.4

350.1

360.1

196.3

210.0

201.7

200.3

205.7

213.1

210.4

210.9

306.0

325.3

336.5

348.5

187.4

199.7

189.5

192.8

193.4

200.4

201.4

203.9

178.4
479.0
549.2

Gross private domestic investment.

197.5
526.5
616.4

177.4
479.7
557.5

187.2
496.9
571.1

297.8

Durable goods
Nondurable goods..
Services

212.1 1,332.7 1,385.3 1,343.9 1,354.5 1,354.2 1,382.6 ,391.4 1,413.0

,206.5 1,340.4 1,214.5 1,255.2 1,276.7 1,322.9 1,356.9 1,405.1

344.6

309.7

282.3

329.1

287.8

300.5

Nonresidential
Structures
Producers' durable equipment-

190.4
63.9
126.5

222.1
77.6
144.5

193.5
65.4
128.1

200.3
67.4
132.8

205.6
68.5
137.1

220.1
76.6
143.5

227.5
80.9
146.6

235.2
84.6
150.7

129.8
40.0
89.8

139.9
44.4
95.5

130.8
40.8
90.0

132.5
41.0
91.5

133.8
41.0
92.9

140. 5
44.6
95.9

141.7
45.6
96.1

143.7
46.4
97.2

Residential
Nonfarm structures
Farm structures
Producers' durable equipment-

91.9
88.9
1.5
1.5

107.0
103.8
1.4
1.7

94.3
91.2
1.6
1.5

100.2
97.5
1.2
1.6

100.3
97.3
1.3
1.7

105.3
102.1
1.4
1.8

109.0
105.7
1.5
1.7

113.3
110.0
1.5
1.8

57.7
55.6
.9
1.2

59.8
57.7
.8
1.3

58.8
56.6
1.0
1.2

60.3
58.4
.7
1.2

59.5
57.4
.8
1.3

59.9
57.8
.8
1.4

59.7
57.6
.8
1.3

60.2
58.1
.8
1.3

Change in business inventories.
Nonfarm
Farm

15.6
15.0
.6

15.5
16.4
-.9

21.9
22.0
-.1

13.1
10.4
2.7

16.7
16.9
-.2

20.1
22.1
-2.0

13.6
14.6
-.9

11.6
12.2
-.6

8.9
9.4
-.5

10.3
10.8
-.6

12.2
13.5
-1.4

7.5
6.5
.9

12.3
12.5
-.1

12.7
13.9
-1.2

9.0
9.6
-.6

7.0
7.3
-.3

Net exports of goods and services-

-11.1

-12.0

-7.0

-23.2

-24.1

-5.5

-10.7

-7.8

9.5

8.4

12.5

3.1

2.9

11.3

9.2

10.1

175.5
186.6

204.8
216.8

180.8
187.8

172.1
195.2

181.7
205.8

205.4
210.9

210.1
220.8

222.0
229.7

98.2
88.7

107.1

100.8
88.2

96.0
92.9

99.1
96.2

108.4
97.1

109.0
99.7

111.7
101.6

394.0

434.0

399.5

412.5

416.7

424.7

439.8

454.6

269.2

271.7

274.5

272.1

271.9

276.7

279.5

145.1
94.3
50.8
248.9

153.7
99.5
54.2
280.2

146.8
94.4
52.4
252.7

152.2
97.1
55.1
260.3

151.5
97.9
53.6
265.2

147.2
98.6
48.6
277.6

154.0
99.6
54.5
285.8

162.3
102.1
60.2
292.3

101.6

102.9

103.6

101.2

97.1

100.4

102.4

168.8

170.9

170.8

174.8

176.3

Fixed investment

Exports
Imports
Government purchases of goods and servicesFederal
National defense..
Nondefense
State and local

167.6

98.7
275.0
100.3
174.7

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
1,887.2 2,106.9 1,916.8 1,958.1 1,992.0 2,087.5 2,136.1 2,212.1 1,332.7 1,385.3 1,343.9 1,354.5 1,354.2 1,382.6 1,391.4
Final sales.
Change in business inventoriesGoods..

1,871.6 2,091.4 1,894.9 1,945.0 1,975.3 2,067.4 2,122. 5 2,200.5 1,323.8 1,375.1 1,331.7 1,347.1 1,341.8 1,369.9 1,382.4 1,406.0
7.0
11.6
8.9
12.2
15.6
15.5
13.1
20.1
13.6
10.3
7.5
9.0
21.9
16.7
12.3
12.7

Nondurable goods
Final sales
_
Change in business inventories _
Services....
Structures..

832.6

917.6

844.7

859.6

861.8

912.2

927.3

969.3

608.4

629.2

613.3

620.1

611.8

627.7

630.2

647.0

817.0
15.6

902.1
15.5

822.8
21.9

846.5
13.1

845.1
16.7

892.1
20.1

913.7
13.6

957.7
11.6

599.6
8.9

618.9
10.3

601.1
12.2

612.7
7.5

599.4
12.3

615.0
12.7

621.2
9.0

640.0
7.0

341.3
332.9
8.4

376.3
364.8
11.6

346.5
334.6
11.9

347.4
341.1
6.3

351.2
336.3
14.8

375.8
365.0
10.8

380.1
369.8
10.2

398.3
388.0
10.3

253.7
248.0
5.8

265.1
257.8
7.2

255.9
248.0
7.9

255.1
250.5
4.6

254.6
245.0
9.6

266.6
260.2
6.4

264.8
258.7
6.1

274.3
267.5
6.8

491.3
484.1
7.2

541.3
537.3
4.0

498.2
488.2
10.0

512.2
505.4
6.8

510.6
508.7
1.9

536.4
527.1
9.3

547.2
543.9
3.4

571.0
569.7
1.3

354.7
351.6
3.1

364.1
361.1
3.0

357.4
353.1
4.3

365.0
362.1
2.9

357.2
354.5
2.7

361.2
354.8
6.3

365.4
362.5
2.9

372.7
372.5
.2

862.8
191.8

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

962.7
226.6

875.3
196.8

893.6
204.9

926.4
203.8

952.0
223.4

973.7
235.0

998.8
244.0

602.9
121.3

627.2
129.0

606.9
123.7

609.6
124.8

620.1
122.3

625.6
129.3

629.7
131.6

633.3
132.7

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product.
Gross domestic product
B usiness.
_
Nonfarm
_
Nonfarm less housing..
._
Housing
_
Farm
_
_
Statistical1 discrepancy
_
Residual .

1,887.2 2,106.9 1,916.8 1,958.1 1,992.0 2,087.5 2,136.1 2,212.1 1,332.7 1,385.3 1,343.9 1,354.5 1,354.2 1,382.6 1,391.4 1,413.0
1,869.9 2,087.6 1,898.7 1,942.2 1,973.8 2,066.5 2,117.3 2,192.6 1,325.3 1,377.5 1,336.3 1,347.9 1,346.6 1,373.9 1,,383.9 1,405.4
! 1,599.3 1,789. 6 1,626.4 1,660.4 1, 684.1 1,771. 8 1,817. 5 1,884.8 1,135.9 1,183. 3 1,146.1 1,155.9 1,153.5 1,180. 0 1,, 189. 3 1,210.4
1,544.0 1,730.9 1,571.6 1,601.6 1,628.9 1,714.9 1,758. 5
1,094. 2 1,146.2 1,102.6 1,112.4 1,115.4 1,145. 2 , 151. 8 1,172. 5
998.1 1,026.5 , 031. 7 1,051. 0
980.5 1,026.8
1,397.8 1,566,7 1,423.2 1,449.0 1,471. 7 1,553.2 1,592. 0
996.4
988.0
118.6 120.1
171.7
117.4
121.5
157.1
113.6
166.5
146.2
148.4
152.7
119.4
114.6
116.0
161.7
164.3
33.2
30.5
63.0
32.5
33.6
53.0
34.4
58.6
34.5
50.5
47.7
54.0
32.5
36.1
56.4
57.8
2.2
.4
4.7
7.1
4.8
.5
.9
2 4.3
4.3
7.4
7.3
4.6
4.3
9.0
5.5

Government
Federal
State and local.
Rest of the world.
' Revised.

62.7

71.5

63.5

65.9

68.8

70.5

72.3

74.4

42.2

44.5

42.5

43.6

43.8

44.3

44.9

45.2

208.0
66.4
141.5

226.5
71.1
155.4

208.9
65.7
143.2

215.9
69.5
146.4

221.0
69.9
151.1

224.1
70.1
154.1

227.5
70.5
157.0

233.4
74.0
159.4

147.2
48.7
98.4

149.6
48.9
100.8

147.7
48.8
99.0

148.4
48.8
99.6

149.4
48.8
100.6

149.6
48.8
100.8

149.8
49.0
100.8

149.8
48.9
100.9

17.3

Households and institutions-

19.4

18.1

15.9

18.2

21.1

18.8

19.6

7.3

7.8

7.6

6.6

7.5

8.8

7.5

7.6

Footnotes for tables 2 and 3 on p. 4

HISTORICAL STATISTICS
The national income and product data for 1929-72 are in The National Income and Documents; see addresses inside front cover). Data for 1973,1974, and 1975-77 are in July
Products Accounts of the United States, 1929-7'$; Statistical Tables (available for $4.95, SN 1976, July 1977, and July 1978 issues of the SURVEY, respectively.
003-010-00052-9, from Commerce Department District Offices or the Superintendent of




CURRENT BUSINESS STATISTICS

X HE STATISTICS here update series published in the 1975 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
That volume (available from the Superintendent of Documents for $6.80) provides a description of each series, references
to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1971 through 1974 (1964-74 for major quarterly
series), annually, 1947-74; for selected series, monthly or quarterly, 1947-74 (where available). Series added or significantly revised after the 1975
BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively. 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 1975 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and
are also listed alphabetically on pages 187-88. 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.
OF CURRENT BUSINESS.

1976

1975
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS

1977

IV

I

II

1978

1977

1976

1975

III

IV

I

II

III

II

I

IV

III

IV '

Annual total
Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT!
Gross national product, totalf
bil.$
Personal consumption expenditures, total..do

1,528.8

1,700.1 1,887.2

,598.0 1,649.7 1,685.4 1,715.6 1,749.8

,806.8 1,867.0 1,916.8 1,958.1

,992.0

2,087.5 2,136.1 2,212.1

979.1

1,090.2 1,206.5

,021.6 1,053.8 1,075.1 1,098.4 1,133.7 1,167.7 1,188.6 1,214.5 1,255. 2

, 276.7

1,322.9 1,356.9 1,405.1

Durable goods, total?
_
do
Motor vehicles and parts
..do
Furniture and household equipment...do

132.6
53.4
58.0

156.6
69.7
63.9

Nondurable goods, total 9
do.
Clothing and shoes
do..
Food
do
Gasoline and oil
do.
Services, total 9
do
Houshold operation
do
Housing
do
Transportation . . . .
do
Gross private domestic investment, total....do

408.9
70.1
209.6
39.5

Fixed investment
Nonresidential .
Structures
_
Producers'durable equipment
Residential
Change in business inventories
Nonfarm . _
_. _ _

do
do
do
do..
do
do
do

Net exports of goods and services
do
Exports
do
Imports
do
Govt. purchases of goods and services, total.do
Federal. _
do
National defense
do
State and local
do
By major type of product: t
Final sales, total
do
Goods, total. __
do
Durable goods .
do
Nondurable goods
_.
do _.
Services..
do
Structures
do
Change in business inventories..
do . .
Durable goods. .
do
Nondurable goods
do .
GNP in constant (1972) dollarsf
Gross national product, totalf
bil.$_.
Personal consumption expenditures, total, .do
D urable goods...
do
N on durable goods
do
Services
do
Gross private domestic investment, total...do
Fixed investment...
do
Nonresidential
do
Residential
do
Change in business inventories
do
Net exports of goods and services
do
Govt. purchases of goods and services, total.do
Federal
do
S tate and local
do

178.4
81.5
71.3

143.5
60.6
60.8

152.2
67.7
61.9

154.7
69.1
63.0

156.7
69.5
64.2

162.8
72.6
66.5

173.2
81.3
68.0

175.6
81.2
69.9

177.4
79.5
72.0

187.2
84.0
75.3

183.5
84.1
72.1

197.8
92.5
76.5

199.5
89.8
78.9

209.2
92.7
83.2

442.6
75.7
225.8
42.8

479.0
81.5
245 2
46.5

421.4
72.2
216.6
40.5

430.3
73.8
219.4
41.4

437.4
74.2
223.9
41.9

444.5
76.1
227.4
43.0

458.3
78.5
232.3
45.1

465.9
78.5
237.5
46.1

473.6
79.3
244.5
46.2

479.7
81.4
246.4
46.0

496.9
86.7
252.6
47.5

501.4
82.9
257.7
48.3

519.3
87.5
267.8
49.1

531.7
90.5
272.0
51.5

553.5
95.2
280.1
55.7

437.5
64.5
150.2
32.6

491.0
72.8
166.4
37.9

549.2
81.6
184.6
44.2

456.7
66.7
156.3
34.0

471.3
69.3
160.2
36.0

483.0
70.2
164.7
37.0

497.2
73.5
168.2
38.7

512.6
78.2
172.3
39.8

528.6
80.2
177.3
40.8

539.4
78.0
182.1
43.5

557.5
83.7
186.9
45.0

571.1
84.6
192.0
47.3

591.8
89.6
198.1
49.7

605.8
89.9
204.1
52.1

625.8
92.6
210.1
53.7

642.5
93.7
217.0
55.2

190.9

243.0

297.8

203.9

231.5

243.5

249.9

247.1

272.5

295.6

309.7

313.5

322.7

345.4

350.1

360.1

336.5
227.5
80.9
146.6

348.5
235.2
84.6
150.7

201.6
150.2
53.8
96.4

232 8
164.6
57.3
107.3

282 3
190.4
63.9
126.5

208 8
151.5
54.7
96.8

220 1
157.7
56.4
101.3

228 1
162.2
57.6
104.6

235.3
168.1
57.3
110.8

247 6
170.5
57.9
112.6

262.2
180.6
59.3
121.4

278.6
187.2
63.4
123.8

287.8
193.5
65.4
128.1

300.5
200.3
67.4
132.8

306.0
205.6
68.5
137.1

325.3
220.1
76.6
143.5

51.5
-10.7
-14.3

68.2
10.2
12.2

91.9
15.6
15.0

57.3
-4.9
-9.0

62.4
11.4
12.7

65.9
15.4
18.8

67.3
14.5
15.2

77.1
-.6
2.2

81.6
10.3
11.1

91.4
17.0
16.5

94.3
21.9
22.0

100.2
13.1
10.4

100.3
16.7
16.9

105.3
20.1
22.1

109.0
13.6
14.6

113.3
11.6
12.2

20.4
147.3
126.9

7.4
163.2
155.7

-11.1
175.5
186.6

20.9
152.2
131.2

10.4
154.4
144.1

9.7
160.7
150.9

6.9
168.2
161.3

2.8
169.4
166.6

-8.5
170.9
179.4

-5.9
178.1
184.0

-7.0
180.8
187.8

-23.2
172.1
195.2

-24.1
181.7
205.8

-5.5
205.4
210.9

-10.7
210.1
220.8

—7.8
222.0
229.7

338.4
123.1
83.7
215.4

359.5
129.9
86.8
229.6

394.0
145 1
94.3
248.9

351.5
127.9
86.2
223.6

354.0
127.1
85.9
226.9

357.2
127.8
85.6
229.4

360.4
129.9
86.5
230.5

366.3
134.6
89.1
231.7

375.0
138.3
91.9
236.7

388.8
142.9
93.7
245.9

399.5
146.8
94.4
252.7

412.5
152.2
97.1
260.3

416.7
151.5
97.9
265.2

424.7
147.2
98.6
277.6

439.8
154.0
99.6
285.8

454.6
162.3
102.1
292.3

1,539.6
686.6
259.0
427.5
697.6
144.7
-10.7
—8.9
-1.8

1,202.3
774.6

1,689.9 1,871.6 1,602.9 1 638.3 1,670.1 1,701.0 1,750.4 1,796.5 1,850.0 1,894.9 1,945.0 1,975.3 2,067.4 2,122. 5 2,200.5
927.3
912.2
969.3
861.8
859.6
844.7
800.2
825.8
760.3
718.6
758.0
741.9
772.9
832.6
768.1
380.1
375.8
398.3
351.2
347.4
346.5
312 4
332.2
339.1
304.6
288.6
301.8
315.6
341 3
273.7
547.2
536.4
571.0
512.2
510.6
498.2
486.7
456.2
453.4
468.0
455.7
444.9
455.7
457.3
491.3
973.7
952.0
926.4
893.6
998.8
875.3
850.0
832.3
778.0
766.9
808.1
726.4
749.7
787 1
862 8
223.4
235.0
244.0
203.8
204.9
196.8
191.3
153.0
158.1
174.3
160.5
160.3
168.7
161.9
191.8
13.6
11.6
20.1
16.7
13.1
21.9
17.0
10.2
11.4
15.4
-4.9
-.6
10.3
14.5
15.6
10.8
10.2
10.3
.1
6.3
14.8
5.2
9.1
11.9
6.5
6.1
—8.6
5.3
9.3
8.4
9.3
3.4
1.3
1.9
6.8
10.0
4.2
7.9
4.9
3.7
8.9
7.2
11.3
-5.8
5.3

1,271.0 1,332.7 1,227.9 1,255.5 1,268.0 1,276.5 1,284.0 1,306.7 1,325.5 1,343.9 1,354.5 1,354.2
819.4

857.7

791.1

806.3

820.9

836.2

846.6

849.5

858.0

876.6

873.5

886.3

895.1

912.6

145.8
336.3
404.2

144.8
340.4
410.0

150.1
348.6
413.8

112.7
306.6
355.3

125 9
320.2
373.2

137 8
330 4
389.5

119 7
309.5
361.9

124 8
314.6
366.9

125.2
318.2
370.6

125.3
320.5
375.1

128.5
327.7
380.0

134.9
327.1
384.6

136.2
327.2
386.0

136.9
329.2
391.8

143.0
338.1
395.6

137.8
333.3
402.4

142.6

173.4

196.3

148.9

168.5

174.7

177.1

173.4

186.1

197.1

201.7

200.3

205.7

213.1

210.4

210.9

193.4
133.8
59.5
12.3

200.4
140.5
59.9
12.7

201.4
141.7
59.7
9.0

203.9
143.7
60.2
7.0

152.4
113.6
38.8
-9.8

166 8
118 9
47.8
6.7

187 4
129 8
57.7
8.9

154 1
111 8
42.3
-5.2

161 0
115.5
45.5
7.5

164.6
117.8
46.8
10.1

167.8
121.0
46.8
9.3

173.6
121.4
52.3
-.2

180.3
126.8
53.5
5.8

187.1
129.1
58.0
10.0

189.5
130.8
58.8
12.2

192.8
132.5
60.3
7.5

22.6

15.4

9.5

22.2

16.5

16.1

16.1

13.1

11.2

11.0

12.5

3.1

2.9

11.3

9.2

10.1

274.5
103.6
170.9

272.1
101.2
170.8

271.9
97.1
174.8

276.7
100.4
176.3

279.5
102.4
177.1

262.6
96 5
166.1

262.8
96 6
166.2

269.2
101 6
167.6

265.7
97 3
168.4

264.3
96 2
168.1

» Revised.
•
p Preliminary.
tRevised series. Estimates of national income and product
and personal income have been revised back to 1973 (see p. 16ff.of the July 1977 SURVEY and




814.0

1,382.6 1,391.4 1,413.0

263.2
95 9
167.3

262.5
96 8
165.7

261.3
97 5
163.8

262.8
98.7
164.1

267.9
101.3
166.6

271.7
102.9
168.8

p. 24 ff. of the July 1978 SURVEY); revisions prior to May 1977 for personal income appear on
p. 36 of the July 1978 SURVEY.
9 Includes data for items not shown separately.

S-l

1
SUJK ,VJ±JI UJb (JUKJKUJN'JL BUI

S-2
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS

1975

1976

1976

1977

I

Annual total

February 1979

II

1977

ill

I

IV

II

m»

1978

III

I

IV

II

in

IV r

i

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PKODUCTf—Con.
Quarterly Data Seasonally Adjusted

Implicit price deflators:!
Gross national product
Index, 1972=100.. 127.15
126.4
Personal consumption expenditures
do
117.7
Durable goods
_
do—
133.4
Nondurable goods
_
-do
Services
do_-.. 123.2
Gross private domestic investment:
Fixed investment
do
132.3
Nonresidential
—
do
132.2
Residential
—
do—
132.8
Govt. purchases of goods and services do.... 128.9
127.5
Federal..
do—
129.7
State and local
do....
Quarterly Data Seasonally Adjusted at Annual

Rates

National income, totalf
bil. $-Compensation of employees, total
do.
Wages and salaries, total
do
Govt. and govt. enterprises.do.
Other
_
doSupplements to wages and salaries
do.
Proprietors' income with inventory valuation
and capital consumption adjustments,
total...
—
bil- $_.
Farm
do—
Nonfarm..
do—
Rental income of persons with capital consumption adjustment
_
bil. $..
Corp. profits with inventory valuation and capital consumption adjustments, total bil. $..
Corp. profits with invent, val. adj.:
Domestic, total
do—
Financial
do—
Nonfinancial, total 9 —
-do—
Manufacturing, total 9
do
Durable goods
do—
Transportation, communication, and
electric, gas, and sanitary serv bil. $-.
Rest of the world.
do....
Profits before tax, total
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment._
Capital consumption adjustment
Net interest

do_.
do_.
do_.
do_.
do..
do..
do..
do_.

138.27
137.9
128.4
142.4
137.4

140.86
139.9
128.9
144.7
139.7

142.63
141.6
129.5
145.7
142.3

144.56
143.2
130.9
147.0
144.4

147.10
146.2
133.1
150.4
147.1

L50.98
149.3
135.7
154.4
149.9

153.52
151.6
137.3
156.2
152.6

L56.55
154.0
139.3
158.8
155.2

142.6
140.5
147.6

145.4
142.5
152.3

148.9
145.0
157.6

151.9
147.9
160.6

155.9
151.2
166.1

158.2
153.6
168.6

162.2
156.7
175.7

167.1
160.6
182.6

170.9
163.7
182.2

137.3
134.2
139.1

140.2
138.0
141.5

142.7
140.1
144.3

145.1
141.1
147.6

147.1
142.7
149.7

150.3
146.9
152.3

153.2
149.6
155.2

156.2
151.5
158.8

158.9
153.4
162.1

162.7
158.4
165.1

347.9

372.1

, 397.0

447.5

499.3

537.6

576.9

603.1

026.0
881.5
186.1
695.4
144.6

046.1
897.3
188.1
709.2
148.8

, 073.3
919.9
192.6
727.2
153.4

107.9
946.4
195.2
751.2
161.5

140.5
973.4
198.1
775.3
167.1

165.8
993.6
201.7
791.9
172.2

199.7
021.2
208.1
813.1
178.4

241.0
050.8
211.4
839.3
190.2

,287.8
,090.2
213.9
876.3
197.6

1,317.1
1,113.4
216.8
203.6

359.6
149.2
222.3
926.9
210.4

88.6
20.9
67.7

88.8
19.6
69.3

87.4
16.9
70.5

89.5
16.3
73.2

95.6
19.4
76.1

98.9
20.0
78.9

97.2
16.5
80.8

107.3
25.1
82.3

105.0
21.9
83.1

110.1
24.0
86.1

114.5
25.0
89.6

122.1
29.5
92.6

22.5

22.5

22.4

22.4

22.8

22.5

22.4

22.4

22.7

22.8

22.2

24.3

24.4

133.76
133.1
124.4
138.2
131.6

41. 61
140.7
129.5
145.0
141.0

31.40
130.7
122.0
136.8
128.4

L32. 92
132.1
123.6
137.4
130.3

L34. 39 136.28
133.8
135.6
125.0
126.8
138.7
139.9
132.5
134.9

139.6
138.4
142.5

150.6
146.7
159.4

136.7
136.6
137.2

138.5
137.7
140.7

140.3
138.9
143.8

136.8
134.4
138.1

146.3
142.7
148.5

134.0
132.1
135.0

135.7
133.3
137.1

1,215.0

1,359.2

515.3

319.8

931.1
805.9
175.4
630.4
125.2

1,036.8
890.1
187.6
702.5
146.7

153.4
983.6
200.8
782.9

001.7
861.7
183.7
678.0
140.0

87.0
23.5
63.5

88.6
18.4
70.2

99.8
20.2
79.5

22.4

22.5

95.9

127.0

144.2

126.8

128.6

130.0

122.5

129.9

143.7

154.8

148.2

132.6

163.4

165.2

101.8
13.0
88.9
48.3
18.3

133.2
17.5
115.6
65.6
28.1

149.5
20.9
128.6
74.7
35.1

132.3
15.8
116.4
67.0
27.4

135.4
17.0
118.4
67.5
29.7

136.3
18.3
118.0
65.9
28.5

128.7
19.1
109.7
61.9
26.9

134.8
19.7
115.1
66.4
29.9

148.1
19.9
128.1
77.4
37.2

159.5
21.9
137.6
74.7
34.2

155.6
21.9
133.7
80.2
39.1

139.2
22.7
116.6
69.8
32.8

168.9
24.3
144.6
87.8
46.1

175.4
26.0
149.4
87.1
44.6

9.2
6.1

13.7
8.2

16.1
9.6

12.4
8.9

14.3
7.6

14.9
8.2

13.3

15.4

17.5
10.3

17.3

9.7

14.5
10.4

17.1

8.2

7.9

9.4

19.3
11.7

20.7
9.1

120.4
49.8
70.6
31.9
38.7

155.9
64.3
91.7
37.9
53.8

173.9
71.8
102.1
43.7
58.4

152.6
63.6
89.0
34.5
54.5

158.7
66.3
92.4
37.2
55.2

157.8
64.7
93.1
38.4
54.7

154.6
62.4
92.2
41.4
50.8

164.8
68.3
96.5
41.5
55.0

175.1
72.3
102.8
42.7
60.1

177.5
72.8
104.8
44.1
60.6

178.3
73.9
104.4
46.3
58.1

172.1
70.0
102.1
47.0
55.1

205.5
85.0
120.5
48.1
72.4

205.4
86.2
119.2
50.1
69.2

-12.4
-12.0
78.6

-14.5
-14.4
84.3

—14.
-14.9
95.4

-11.4
-14.4
80.1

-15.7
-14.4
82.0

-13.3
-14.5
86.2

-17.6
-14.5
88.9

-20.3
-14.6
91.7

-16.6
-14.8
93.7

-7.7
-15.0
97.3

-14.8
-15.3
99.0

-23.5
-16.1
101.7

-24.9
-17.2
104.6

-20.9
-19.3
107.4

-27.
-19.9
111.1

392.8 1,430.5 1,470. 7 , 508. 6 , 543. 7 1, 593. 0 1,628.9 1,682.4 1,731.7
249.1
263.2
200.0
209.0
222.7
223.3
224.6
233.3
237.3
192.8 1,221. 5 1,248.0 1,285.3 1,319.1 1,359.6 1,391. 6 1,433.3 1,468.4
124.8 1,160.9 1,195.8 1,217.8 1,244.8 1,285.9 1,309. 2 1,357.0 1,392.5
76.3
76.0
68.1
60.7
52.2
67.5
74.3
73.7
82.4

, 787.3
275.0
, 512.3
, 442.1
70.2

DISPOSITION OF PERSONAL INCOMEf
Personal income, total
bil. $. 1,255. 5 1,380.9 , 529. 0 , 336. 9 ., 363. 2
226.0
192.6
184.4
168.8
196.5
Less: Personal tax and nontax payments
do
1,086.7 1,184.4 , 303.0 ., 152.5 1.170.6
Equals: Disposable personal income
do
., 236.1 ,078.9 1.100.7
1,003.0 1,116. 3
Less: Personal outlays©
do
66.9
73.6
83.6
68.0
Equals: Personal saving§
_..do...
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries..
Manufacturing
_
Durable goods industries^
Nondurable gcods industries*!..
Nonmanufacturing—
Mining
Railroad
_
Air transportation
Other transportation
Public utilities..
Electric
Gas and other
Communication
Commercial and other
Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing
Durable goods industries^
Nondurable goods industries^.

32.35
13.67
6.36
7.31

37.89
16.76
7.79
8.97

38.67
16.89
7.97
8.92

44.18
20.32
9.62
10.70

136.85
16.22
7.57
8.65

18.68
1.07

.39
.50

.76
.46
.63

21.13
1.22
.83
.60
.60

21.78
1.24
.84
.54
.62

23.86
1.32
.84

20.63
1.18
.86
.59
.62

6.61
5.41
1.20
4.03
5.73

7.28
6.06
1.21
4.26
6.33

6.15
5.27

7.43
6.11
1.32
4.68
6.43

6.79
5.99
.81

3.97
5.76

7.14
6.01
1.13
4.56
6.18

8.46
7.21
1.25

3.30
5.27

6.37
5.34
1.03
3.86
5.64

3 11.88

10.58

125.22
54.44
25.50
28.93

130.16
56.43
26.30
30.13

134.24
59.46
27.26
32.19

140.38
63.02
29.23
33.79

138.11
61.41
28.19
33.22

144.25
61.57
28.72
32.86

150.76
67.20
31.40
35.80

155.41
67.75
32.25
35.50

161.24
73.20
34.1
39.0!

163.34
73.02
34.13
38.89

67.76
4.21
2.69
1.12
3.44

70.78
4.13
2.63
1.41
3.49

73.74
4.24
2.71
1.62
2.96

74.78
4.49
2.57
1.43
2.96

77.36
4.74
3.20
1.69
1.96

76.70
4.50
2.80
1.76
2.32

82.68
4.45
3.35
2.67
2.44

83.56
4.81
3.09
2.08
2.23

87.66
4.99
3.38
2.20
2.47

88.04
5.23
3.1
2.61
2.4(

90.31
4.94
4.05
3.05
2.99

21.67
18.22
3.45
13.64
20.99

23.46
19.49
3.96
14.30
21.36

25.35
21.19
4.16
14.19
22.67

25.29
21.14
4.16
15.32
22.73

26.22
21.90
4.32
16.40
23.14

26.23
22. Oo
4.18
15.82
23.27

27.92
23.15
4.78
17.07
24.76

28.46
23.83
4.62
18.18
24.71

29.62
24.92
4.70
18.90
26.09

30.59
26.23
4.36

30.70
26.31
4.38

120.49
52.48
23.68
28.81

135.80
60.16
27.77
32.39

25.87
10.96
4.78
6.18

29.70
12.66
5.61
7.05

30.41
13.48
6.02
7.46

34.52
15.38
7.27
8.12

29.20
12.52
5.80
6.72

33.73
14.84
6.79
8.06

34.82
15.60
7.17
8.43

64.82
3.79
2.55
1.84
3.18

68.01
4.00
2.52
1.30
3.63

75.64
4.50
2.80
1.62
2.51

14.91
.92
.49
.26
.72

17.04
.99
.68
.42
1.02

16.93
1.04
.64
.26
.95

19.14
1.05
.70

16.68
1.02

18.88
1.16

19.21
1.17
.78

20.14
17.00
3.14
12.74
20.60

22.28
18.80
3.4'
13.30
20.99

25.80
21.59
4.41
15.45
22.97

4.79
4.18
.62
2.92
4.82

5.50
4.74
.76
3.21
5.21

5.52
4.54
.98
3.33
5.19

6.46
5.34
1.12
3.84
5.78

5.55
4.78

do.
do.
_ .do.
_ _ _do.

114.72
49.21
21.63
27.58

118.12
50.64
22.54
28.09

122.55
54.78
24.59
30.20

do.
__do.
do.
do.
.do.

65.51
3.83
2.08
1.18
3.29

67.48
3.83
2.64
1.44
4.16

21.85
21.9:
Public utilities
do.
18.82
18.56
Electric
do.
3.03
Gas and other
do.
3.36
12.62
C omnium cation
_
do.
12.54
20.94
Commercial and other
_.do.
20.68
r
Revised.
v Preliminary.
i Estimates (corrected for systematic biases) for Oct.Dec. 1978 and Jan.-Mar. 1979 based on expected capital expenditures of business. Expected
expenditures for the year 1978 appear on p. 18 of the Dec. 1978 SURVEY. 2 Includes communication.
fSee corresponding note on p. S-l.
9 Includes data for items not shown
separately.
©Personal outlays comprise personal consumption expenditures, interest paid

Nonmanufacturing
Mining..
Railroad
_
Air transportation
Other transportation.




51.9

38.06
17.19
8.00
9.18
20.87
1.15

112.78
47.95
21.84
26.11

bil. 3
do..
..do..
.do..
.do..
do..
do..
do..
do..
do..
do..
do..
do..
do..

1,728.4

.35
.94

.59
.33
.61

.77

.67
.43
.76

.71
.52
.51

.88

2 44.0;

2

44.59

by consumers to business, and personal transfer payments to foreigners (net).
§Personal saving is excess of disposable income over personal outlays.
UData for individual durable and nondurable goods industries components appear in th/
Mar., June, Sept., and Dec. issues of the SURVEY.

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