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SURVEY OF CURRENT BUSINESS

August 1976

NATIONAL INCOME AND PRODUCT TABLES
1975
1974

1975

I

II

1976
III

IV

I

1975
II*

1974

1975

I

II

Seasonally adjusted at annual rates

1976

III

IV

I

II*

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)
1,413.2 1,516.3 1,446.2 1,482.3 1, 548. 7 1,588 2 1, 636. 2 1, 674. 1 1 214 0 1,191.7 1,161 1 1,177 1 1,209 3 1,219 2 1,246 3

Gross national product
Personal consumption expenditures

887 5

973 2

933 2

960 3

987 3 1,012 0 1 043 6 1,064 7

121.6
376 2
389.6

131.7
409 1
432.4

122.1
394 4
416 7

127.0
405 8
427.4

136.0
414 6
436.7

141.8
421 6
448.6

151.4
429 1
463 2

155.0
434 8
474.9

215 0

183 7

172 4

164 4

196 7

201 4

229 6

204.3

198.3

194.6

194.3

198.6

205.7

214.7

Nonresidential .
Structures
..
- Producers' durable equipment

149 2
54.1
95 1

147 1
52.0
95 1

148 0
53.1
94 9

145.8
51.2
94 6

146 1
51.8
94 3

148.7
52.1
96 6

Residential
Nonfarm structures
Farm structures
Producers' durable equipment-.. _

55 1
52 7
1.0
1.3

51 2
49 0
.8
1.3

46 6
44 9
5
1.2

48 6
46 7
.6
1.3

52 6
50 2
1.0
1.4

10.7
12 2
—1 5

-14.6
— 17 6
30

— 22.2
—25 6
34

-30.0
—31 2
1.2

7 5

20 5

15 0

24 4

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

1 259 4

759 1

770 3

754 6

767 5

775 3

783 9

800 7

808 6

112.3
303 5
343 4

111.9
306 1
352.4

106.0
300 6
348.0

108.4
307 2
351.8

115.1
306 8
353.4

118.0
309 5
356.4

124.3
314 6
361.8

125.2
317 6
365. 8

239.2

182 0

137 8

129 3

126 2

148 7

147 0

167 1

171.7

223.2

173.5

149.8

149.8

147.4

149.7

152.5

156.7

160.6

153 4
53.2
100 2

157.9
54.9
103.0

128 5
42.1
86 5

111.4
36.7
74 7

114.4
37.5
76 9

110.6
36.1
74 5

110.1
36.6
73 5

110.5
36.7
73.8

112.6
37.1
75 5

114.9
37.9
77. 0

57 0
54.2
1.4
1.4

61 3
58 6
1.2
1.5

65 3
62.9
.9
1.5

45 0
42 9
.8
1.3

38 4
36.6
.6
1.2

35 4
34.0
.4
1.0

36 8
35.2
.4
1.1

39 6
37 6
.7
1.2

41.9
39.7
1.0
1.2

44 1
42.0
.9
1.3

45.7
43.9
.6
1.2

-2.0
—4 2
2 2

-4.3
—9 5
5.2

14.8
12 7
2 2

16.0
17 3
-1.3

8.5
89
— .4

-12.0
— 13 0
.9

-20.5
—21 5
1.0

-21.2
—21 5
.3

—1.0
—1 9
.9

-5.5
-7.0
1.5

10.4
8.9
1.5

11.1
12.0
-.9

21.4

21.0

84

8.1

16.5

22.6

20 1

24.3

22.8

23.1

16.6

15.4

159.1
151 0

97.2
80 7

90.6
68.1

90.3
70.2

87.7
63.4

90.7
67.9

93.9
70.8

93.6
77.0

94.7
79.3

144.4
136 9

Government purchases of goods and services
Federal
National defense
Nondefense
State and local

148.1
127 6

147.5
132 5

142.9
118 5

148.2
126 8

153.7
132.7

303.3

339.0

325.6

333.2

343.2

353.8

354.7

362.0

256.4

261.0

257.1

259.1

262.4

265.2

111.6
77 3
34 3
191.6

- - - - -

154.1
145 7

124.4
84 3
40 1
214.5

120.3
82 0
38 3
205 3

122 .4
83 4
39 0
210.9

124.6
84 6
40.0
218.6

130.4
87 1
43.2
223.4

129.2
86 2
42 9
225.5

131.2
86 9
44 2
230.9

95.3

95.7

94.8

95.3

95.6

97.2

95.4

96.0

161.1

165.2

162.2

163.8

166.9

168.0

166.6

167.7

261.9

263.6

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
1, 413. 2 1,516.3 1, 446. 2 1, 482. 3 1, 548. 7 1, 588. 2 1, 636. 2 1, 674. 1 1, 214. 0 1, 191. 7 1, 161. 1 1, 177. 1 1,209.3 1,219.2 1,246.3

Gross national product
Final sales
Change in business inventories

1, 259.

1 402 5 1 531 0 1 468 4 1 512.3 1 550.6 1, 592. 5 1 621.4 1 658 1 1, 205. 5 1, 203. 7 1, 181. 6 1, 198. 2 1,210.2 1, 224. 7 1, 235. 9
10.4
-5.5
-1.0
8.5 -12.0 -20.5 -21.2
10.7 —14.6 —22 2 —30.0
-4.3
-2.0
16.0
14.8

1, 248.
11.

Goods
Final sales.
C hange in business inventories

639 7
629.0
10.7

681 7
696.3
— 14.6

642 6
664 8
—22 2

661 0
691 0
—30.0

703 5
705 4
-2.0

719.7
724.0
-4.3

742.3
727.5
14.8

758 4
742 4
16.0

552.9
544.4
8.5

532.6
544.7
-12.0

512.2
532.7
-20.5

522.5
543.7
-21.2

546.0
547.0
-1.0

549.9
555.4
-5.5

569.5
559.1
10.4

576.
564.
11.

Durable goods
Final sales
Change in business inventories

247 2
240 2
7 1

254 4
266 5
— 12 l

234 1
249 5
— 15 4

248 5
263 8
—15 3

265 0
272 0
—7 0

270 0
280 6
— 10 6

282 7
286 3
—3 6

301 2
295 8
54

224.1
218 6
55

204.7
214 1
—9 4

193.3
206.8
— 13.5

200.1
211.9
-11.9

212.1
216.8
-4.6

213.4
220.7
-7.4

221.9
224.3
-2.4

230.
226.
3.

Nondurable goods .
Final sales
Change in business inventories

392 4
388 9
3.6

427 3
429 8
—2 6

408 5
415 3
—6 8

412 5
427 2
— 14 7

438 4
433 4
50

449 7
443 3
6.3

459 6
441 1
18.5

457 1
446 6
10.6

328 8
325.8
3.0

327.9
330.6
-2.7

318.9
325.9
-7.0

322.4
331.7
-9.3

333.9
330.2
3.7

336.6
334.7
1.9

347.6
334.8
12.8

345.
338.
7.

626.6
146 9

692.5
142 1

666 3
137 2

684 2
137 1

700 2
145 0

719.5
149 1

742.6
151 3

758 4
157 3

545.0
116 1

556.6
102 4

549.6
99.3

555.4
99.2

558.7
104.6

562.8
106.4

570.3
106.6

574.
108.

Services
Structures

Table 3.—-Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product
Gross domestic product - Business
_
Nonfarm.Farm
Statistical discrepancy
Residual l
Households and institutions
Government.
Federal
State and local

..

Rest of the world.

1 413 2 1 516 3 1 446 2 1 482 3 1 54S 7 1 588 2 1 636 2 1 674 1 1 214 0 1, 191. 7 1, 161. 1 1, 177. 1 1,209.3 1,219.2 1,246.3
1,398 7 1 505 7 1 436 7 1 471 7 1 537 4 1,577 1 1 623 2 1 662 8 1 206 9 1, 186. 8 1, 157. 0 1, 172. 2 1,204.0 1,214.1 1, 240. 4

1,259.4

989.9 1, 020. 8 1, 030. 2 1, 055. 1
956.6 983.0 994.1 1, 018. 0
34.3
34.2
34.6
36.0

1,068.0
1,031.6
34.9

975.6
938 8
31 8
4.9
38.3

-1.3
38.4

1.8
38.5

1.9
38.8

2.8
39.8

1.6
40.4

161 6
54 9
106.7

178 5
59 3
119 2

172 4
58 2
114 2

176 3
58 4
117 9

180 1
59 1
121 1

185 2
61 5
123 7

189 2
62 2
127 0

192 5
62 5
130.0

141 5
48 4
93.1

144.2
48.2
96.0

143.1
48.4
94.7

143.9
48.2
95.7

144.7
48.2
96.5

145.1
48.1
97.0

145.5
48.1
97.4

146.0
48.0
97.9

14 5

10 6

9 4

10 6

11 3

11 1

13 0

11 2

7 0

4.8

4.1

4.8

5.3

5.1

5.9

5.0

* Second quarter corporate profits (and related components and totals) are preliminary and
subject to revision next month.
1. Equals GNP in constant dollars measured as the sum of final products less GNP in
constant dollars measured as the sum of gross product by industry. The quarterly estimates
are obtained by interpolating the annual estimates with the statistical discrepancy deflated
by the implicit price deflator for gross domestic business product.
NOTE.—Table 2: "Final sales" is classified as durable or nondurable by type of product.




1,254.3

1, 192 4 1 277 5 1 216 3 1 246 4 1 306 8 1 340 4 1, 380 7 1 415 5 1,027 3 1, 004. 1
968 1
1 137 3 1 222 8 1 167 4 1 197 4 1 246 7 1 279 6 1 324 8 1 354 8 987 7
55 o
48 5
48 7
42 5
54 8
32 0
34 1
50 3
49 0
55 0
5i
66
4 4
61
57
64
7 2
01
1.8
7.5
44 7
38.5
38 2
48 1
51 5
53 3
49 7
54 8
49 0
50 4

"Change in business inventories" is classified as follows: For manufacturing, by the type of
product produced by the establishment holding the inventory; for trade, by the type of
product sold by the establishment holding the inventory; for construction, durable; and for
other industries, nondurable.
.
Table 3: The industry classification within the business sector is on an establishment basis
and is based on the 1967 Standard Industrial Classification.

CURRENT BUSINESS STATISTICS

XHE STATISTICS here update series published in the 1975 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (available from the Superintendent of Documents for $5.10) 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
;Jre 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.
1973

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

1975

| 1974

II

Annual total

1974

1973
| III

IV

I

II

1975

| III

IV

1976

i | n

IV

III

I

|

IP

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
Gross national product, totalf- -

bil.$

1 306.6 1 413 2 1 516 3 1 288 4 1 317 5 1 355 1 1 3727 1 399.4 1 431 6 1,449.2 1 446.2 1,482.3 1,548.7

1,588.2 1,636.2 1, 674. 1

809.9

887.5

973.2

801.0

818.2

833.1

853.3

878.7

906.8

911.1

933.2

960.3

987.3 1,012.0 1,043.6 1,064.7

Durable goods, total 9
do
Motor vehicles and parts
_ _ _do _
Furniture and household equipment- .. do

123.7
55.2
50.7

121 6
47.9
54.7

131.7
53.2
57.6

124.6
56.6
50.3

123 5
54.5
51.0

121.1
50.7
52.0

118 6
46.2
53.7

122.5
48.5
54.9

128.0
53.0
55.7

117.4
43.7
54.4

122.1
47.6
54.6

127.0
49.5
57.0

136.0
56.3
58.2

141.8
59.2
60.6

151.4
68.0
61.2

155.0
70.4
62.3

Nondurable goods, total 9
Clothing and shoes
Food
Gasoline and oil

do
do
do
do

333.8
61.3
168.1
27.8

376 2
65 1
189.9
36 3

409 1
70 0
209.5
38 9

327 6
60.7
164.6
26 8

338 1
61 7
171.3
27 6

348 1
62.8
175.2
30 2

360 6
64 2
181.5
31 8

371.9
65.0
186.4
36.2

383.8
66.2
193.7
38.0

388.5
65.0
198.0
39.3

394.4
66.6
203.2
37.9

405.8
69.3
207.8
38.6

414.6
71.3
211.8
39.2

421.6
73.0
215.2
39.9

429.1
73.5
219.2
40.1

434.8
73.2
223.1
40.3

do
.do
do
do

352.3
50.2
123.2
27.9

389 6
56 1
136.4
31 1

432 4
63 9
150.2
34 0

348 8
49 6
121.5
27 6

356 6
51 1
124.8
28 1

363 8
51 6
128.1
28 6

374 1
52 8
131.8
29 7

384 3
55.3
134.6
30 6

394.9
57.5
137.8
31 6

405. 2
59.1
141.3
32.5

416.7
61.2
145.0
33 3

427.4
63.7
148.4
33.6

436.7
65.0
151.8
34. 1

448.6
65.9
155.8
35.0

463.2
68.4
159.7
36.5

474.9
69.6
163.9
37.0

Personal consumption expenditures, total.. do

. ...

Services total 9
Household operation
Housing .
Transportation

Gross private domestic investment, total.. .do

220.0

215.0

183.7

218.0

220.0

231.5

216.4

218.8

213. 3

211.5

172.4

164.4

196.7

201.4

229.6

239.2

Fixed investment
_.do
Nonresi dential
do
Structures
_.
. __do
Producers' durable equipment
do

202.1
136.0
49.0
87.0

204.3
149 2
64 1
95.1

198.3
147 1
52 0
95.1

202.6
134 5
48.4
86.1

204.6
138 6
50 5
88.1

202.5
140 3
51 2
89.1

203.8
145 1
52 4
92.7

205.8
149.0
54.8
94.2

206.0
150 9
54.1
96.8

201.7
151.9
55.2
96.7

194.6
148 0
53.1
94.9

194.3
145.8
51.2
94.6

198.6
146. 1
51.8
94.3

205.7
148.7
52.1
96.6

214.7
153.4
53.2
100.2

223.2
157.9
54.9
103.0

66.1
17.9
14.7

55 1
10.7
12 2

51 2
-14.6
—17 6

68.0
15.4
11 9

66 0
15.4
11 4

62 1
29.0
23 7

58 7
12.6
14 5

56.8
13.0
13.9

55.0
7.3
7 4

49.8
9.7
12.9

46.6
-22.2
—25 6

48.6
-30.0
—31.2

52.6
-2.0
—4.2

57.0
-4.3
-9.5

61.3
14.8
12.7

65.3
16.0
17.3

7.1
101 6
94.4

7.5
144 4
136 9

20.5
148 1
127 6

4.3
96 7
92 4

10.0
105 2
95 3

12.7
115 0
102 3

15.0
133 2
118 2

3.9
142.2
138.3

2.9
148 4
145.5

8.1
153 8
145.7

15.0
147 5
132 5

24.4
142.9
118.5

21.4
148. 2
126.8

21.0
153.7
132.7

8.4
154.1
145.7

8.1
159.1
151.0

269.5
102.2
73 5
167.3

303.3
111 6
77 3
191 6

339.0
124.4
84 3
214.5

265.1
100 1
73 1
165 0

269.3
100 1
72 5
169 3

277.8
104 4
74 4
173 5

288.0
106 1
74 9
181 9

298.0
108.9
75 9
189.1

308.6
113.5
78 2
195.1

318.5
118.1
80 2
200.4

325.6
120 3
82 0
205.3

333.2
122.4
83.4
210.9

343.2
124.6
84.6
218.6

353.8
130.4
87.1
223.4

354.7
129.2
86.2
225.5

362.0
131.2
86.9
230.9

do
1,288.6
do
580 9
.do _ . 229 6
do
351.3
do
560.5
do
147 2

1,402.5
629 0
240 2
388 9
626 6
146 9

1,531.0
696 3

10 7
71
36

—14 6
—12 1
—2 6

Residential
Change in business inventories
Nonfarm

do
do
. do

Net exports of goods and services
Exports
Imports
.
.

do
do
do

Govt. purchases of goods and services, total, do
Federal
..
do
National defense
do
State and local
do
By major type of product:f
Final sales, total
Goods total
Durable goods
Nondurable goods
Services
Structures
Change in business inventories
Durable goods
Nondurable goods .
__

.

do
do
do

17 9
10 9
7.0

429 8
692.5
142 1

1,273.0 1,302.1 1,326.1 1,360.0 1,386.4 1,424.2 1,439.4 1,468.4 1,512.3 1,550.6 1,592.5 1,621.4 1,658.1
742.4
727.5
621 9
724.0
642 8
643 0
691.0
705.4
664 8
571 8
586 7
599 8
608 4
295.8
286.3
280.6
240.2 249.5
263.8
272.0
232 3
247.6
240.6
228 3
230 1 230 7
446.6
441.1
443.3
343 5
433.4
402 6
395 4
415 3 427.2
356 6
369 0
376 1 381.3
758.4
742.6
684.2 700.2 719.5
614.6
633.8
553.2 567 0
652.8
666 3
580 1 605 1
157.3
151.3
149.1
147 4
137.1
145.0
137 2
143 8
148 4
146 2
146 5
150.0
148 0
16.0
14.8
-4.3
7.3
9.7 —22.2 —30.0
-2.0
15 4
29 0
13.0
15 4
12 6
5.4
-3.6
2 2
14 5 —15 4 —15 3
51
—7.0 -10.6
12 1
66
10 9
11 8
10.6
18.5
6.3
2.3
—4.7
5.0
10.8
—6.8 -14.7
16 9
4 5
36
60

GNP in constant (1972) dollars!
Gross national product, totalf

Personal consumption expenditures, total.. do
l»

m

Durable goods
Nondurable goods _
Services

do
do do ..

Gross private domestic investment, total... do
Fixed investment
Nonresi dential ..
..
Residential
Change in business inventories
Net exports of goods and services

767.7

759.1

770.3

766.8

770.4

765.9

761.8

761.9

764.7

748.1

754.6

121.8
309 3
336 5

112.3
303 5
343 4

111.9
306 1
352 4

123.0
307 8
336 0

121.2
310 6
338 7

118.1
308 0
339.7

114.9
305 1
341.8

115.0
304.0
342.9

116.1
304.9
343.7

103.1
299.8
345.1

106.0
300.6
348.0

1,209.3 1,219.2 1,246.3 1,259.4
808.6
800.7
767.5 775.3 783.9
125.2
124.3
115.1
118.0
108.4
317.6
314.6
309.5
307.2 306.8
365.8
361.8
356.4
353.4
351.8

207.2

182.0

137.8

207.4

204.9

211.8

194.8

187.9

176.2

169.1

129.3

126.2

bil. $. . 1,235.0

1 2140 1 191.7

1,231.1 1 236.3 1 242.6 1,230.4 1,220.8 1,212.9 1,191.7

148.7

do
do
do
do

190 7
131 0
59 7
16.5

173 5
128 5
45 0
8.5

149 8
111 4
38 4
-12.0

192 6
130 7
62 0
14.8

190 8
132 5
58 3
14.1

186 4
132 4
54 0
25.4

183 4
133 5
49 9
11.4

178.5
131.6
47.0
9.4

171 1
127 3
43.9
5.1

161 1
121 8
39 3
8.0

149 8
114 4
35.4
-20.5

147.4
110.6
36.8
-21.2

149.7
110.1
39.6
-1.0

do

7.6

16.5

22.6

5.7

9.3

12.9

18.4

14.9

14.9

17.7

20.1

24.3

22.8

Govt. purchases of goods and services, total -do
256.4
252.5
251.2
261.0
251.8
Federal
do
96 6
95 3
95 7
95 2
96 3
State and local
do
165.2
155.9
161.1
154.9
156.6
r
Revised.
*> Preliminary.
f Revised series. Estimates of national income and
product and personal income have been revised back to 1973 (see p. 24 ft. of the July 1976




1,161.1 1,177.1

262.4
259.1
256.1
257.1
257.1
256.9
252.0 255.4
95.6
95.3
95 4
94.8
95 8
94 3
95 3
94 7
166.9
162.2
163.8
161.3
161.5
157.7
161.4
160.1
SURVEY); revisions prior to May 1975 for personal income appear
1976 SURVEY.
9 Includes data for items not shown separately.

147.0

167.1

171.7

152.5
110.5
41.9
-5.5

156.7
112.6
44.1
10.4

160.6
114.9
45.7
11.1

23.1

16.6

15.4

263.6
261.9
265.2
96.0
95.4
97.2
167.7
166.6
168.0
on p. 33 of the July

S-l

SURVEY OF CURRENT BUSINESS

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

1973

1 1974 I 1975

Annual total

1973

III

August 1976
1975

1974

IV

II

III

IV

1976

III

IV

II

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCTf— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
Implicit price deflators:!
Gross national product
Index 1972 ~ 100
Personal consumption expenditures
do
Durable goods
._
._
do
Nondurable goods
do
Services
do
Gross private domestic investment:
Fixed investment
do
Nonresidential
do
Residential
do
Govt purchases of goods and services
Federal.- _
_ _ _ _ _ _ _
State and local
National income, totalf

do
do
do

105. 80
105.5
101.6
107.9
104.7

116. 41'
116.9
108.3
124.0
113.5

127. 25
126.3
117.7
133.7
122.7

106. 57
106.2
101.9
108.9
105.3

109.05
108.8
102.5
113.0
107.1

111. 56
112.0
103.2
118.2
109.5

114.64
115.3
106.5
122.3
112.1

118. 03
118.6
110.2
125.9
114.9

121. 60
121.8
113.8
129.6
117.4

124. 55
123.7
115.1
131.2
119.7

125. 93
125.1
117.1
132.1
121.5

128.07
127.3
118.2
135.1
123.6

130. 27
129.1
120.2
136.2
125.9

106.0
103.8
110.8

117.7
116.1
122.3

132.4
132.1
133.2

107.2
104.6
113.2

108.6
106.0
115.0

111.1
108.7
117.5

115.3
113.2
121.0

120.3
118.6
125.3

125.2
124.7
126.7

129.9
129.4
131.5

131.9
131.8
132.1

132.7
132.7
132.8

134.9
134. 5
135.9

137.0
136.2
139.0

'139.0
137.5
' 142. 9

106.7
105.8
107.3

118.3
117.1
119.0

129.9
130.0
129.8

107.0
105.2
108.1

110.3
110.7
110.0

112.7
111.3
113.6

116.4
114.9
117.2

120.0
118.4
121.0

124.0
123.8
124.1

126.7
126.8
126.5

128.6
128.4
128.7

130.8
130.4
131.0

133.4
134.2
132.9

135.4
135.4
135.4

' 136. 7
f 137. 7

do
do
do
do
do

1,135.7 1,207.6

1,113.5 1,125.6

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

r 137.

3

1,073.6

1,102.7

1,147.6

1,156.3

1,149.7

1,182.7

1,233.4

1,264.6

1,304.7 pl,336.3

799.2
701.2
148.6
552.6
98.0

875.8
764.5
160.4
604.1
111.3

928.8
806.7
175.8
630.8
122.1

807.2
708.0
149.3
558.7
99.2

828.4
725.9
153.1
572.8
102.5

846.3
739.7
155.5
584.2
106.6

866.3
756.7
158.1
598.6
109.6

888.8
775.6
161.1
614.4
113.3

901.8
786.0
166.7
619.3
115.8

904.0
785.8
170.0
615.7
118.2

912.9
792.8
173.8
619.0
120.1

935.2
811.7
177.3
634.4
123.5

963.1
836.4
182.2
654.1
126.7

994.4 '1,017.2
861.5 '881.1
188.7
185.4
676.1 ' 692. 4
136.2
132.9

92.4
32.0
60.4

86.9
25.8
61.1

90.2
24.9
65.3

94.6
33.9
60.8

98.3
37.3
61.0

91.2
31.6
59.6

85.0
24.6
60.4

86.0
23.8
62.2

85.5
23.3
62.2

81.1
17.9
63.2

86.8
24.1
62.7

95.5
29.2
66.3

97.2
28.3
69.0

93.2
21.9
71.4

'100.3
27.5
'72.8

21.6

21.0

22.4

21.5

21.5

20.9

20.6

21.0

21.5

21.9

22.3

22.4

22.9

23.3

23.1

bil. $.. 1,064.6

Compensation of employees total
Wages and salaries total
Govt and govt enterprises
Other
Supplements to wages and salaries

131.29 ' 132.93
130.3 ' 131. 7
121.8 r 123. 8
136.4
136.9
129.8
128.0

99.1

84.8

91.6

97.8

99.3

95.7

87.8

81.7

74.1

69.0

86.6

105.3

105.6

115.1 v 115.3

90.4
16.2
74.1
44.1
24.0

76.7
14.1
62.6
36.9
11.9

97.0
12.9
84.1
46.4
17.2

89.5
16.2
73.3
43.0
23.7

90.3
15.7
74.5
43.1
21.2

81.4
14.8
66.6
39.4
15.6

80.8
14.0
66.8
39.0
12.1

75.1
14.6
60.5
37.7
10.7

69.5
13.1
56.3
31.6
9.0

72.1
13.9
58.2
29.7
8.4

91.7
12.5
79.2
43.5
14.8

111.4
12.1
99.3
57.0
24.3

112.7
12.9
99.8
55.3
21.1

121.9
14.0
107.9
61.2
23.7

do

8.3
6.8

6.0
11.2

7.9
6.2

8.3
6.5

8.0
7.7

5.7
14.6

6.4
9.0

6.3
10.1

5.7
11.0

5.0
5.5

7.3
6.3

9.5
6.5

9.7
6.4

8.6
7.7

*6.0

do
do
do
do
do

115.8
48.7
67.1
27.8
39.3

127.6
52.4
75.2
30.8
44.4

114.5
49.2
65.3
32.1
33.2

113.0
47.5
65.4
28.1
37.4

117.1
48.6
68.5
29.3
39.1

126.3
50.5
75.8
29.9
45.9

126.4
53.0
73.3
30.7
42.6

138.6
57.6
81.0
31.3
49.7

119.2
48.6
70.6
31.1
39.5

94.2
40.2
54.0
31.7
22.3

105.8
44.8
61.0
31.9
29.1

126.9
54.8
72.1
32.6
39.5

131.3
57.2
74.1
32.2
41.9

141.1
61.4
79.7
33.1
46.6

*145. 3
P64.1
P81.1
34.4
"46.8

-18.6
1.9
52.3

-39.8
-3.0
67.1

11 4
-11.5
74.6

-17.0
1.8
52.5

-19.1
1.4
55.3

-30.4
-.2
59.4

-36.6
-1.9
65.9

-53.4
-3.5
70.0

-38.8
-6.3
73.2

-16.5
-8.6
73.7

-7.8
-11.4
74.0

-9.0
-12.6
74.9

-12.3
-13.5
75.8

1, 153. 3 1,249.7
170.4
168.8
982.9 1,080.9
910.7
996.9
72.2
84.0

1,064.3
152.9
911.4
839.8
71.7

1,095.5
157.8
937.7
856.6
81.1

1,109.7
161.3
948.4
875.8
72.6

1,136.8 1,172.5 1,194.1 1,203.1 1,230.3 1,265.5 1,299.7 1,331.3 '1,362.0
167.4
142.2
174.5
183.8 ' 189. 5
178.3
174.0
179.8
179.3
969.5
998.0 1,015.8 1,023.8 1,088.2 1,091.5 1,119.9 1, 147. 6 '1,172.5
901.6
983.6 1,011.1 1,036.2 1,068.0 '1,089.6
930.4
935.0
956.7
'82.9
67.8
104.5
79.5
80.5
67.6
80.8
83.7
67.2

Durable goods
•
do
Transportation, communication, and
Rest of the world
Profits before tax total
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest

do —
do
do

J»124. 7
*13.7
plll.O

-11.5 '-14.6
-14.5 -15.4
80.3
78.6

DISPOSITION OF PERSONAL INCOME f
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income, total
Less: Personal tax and nontax payments
Equals* Disposable personal income
Less: Personal outlays©
Equals* Personal saving§

b'l. $
do
do
do
do

1,052.4
150.8
901.7
831.3
70.3

Unadjusted quarterly or annual totals :
All industries
bil. $
Manufacturing
. do.
Durable goods industries f
_. .. .do
Nondurable goods industries 1
do.

99.74
38.01
19. 25
18.76

112. 40
46.01
22.62
23.39

112. 78
47.95
21.84
26.11

25.04
9.62
4.84
4.78

28.48
11.43
5.84
5.59

24.10
9.49
4.74
4.75

28.16
11.27
5.59
5.69

28.23
11.62
5.65
5.96

31.92
13.63
6.64
6.99

25.82
10.84
5.10
5.74

28.43
12.15
5.59
6.55

27.79
11.67
5.16
6.51

30.74
13.30
5.99
7.30

25.87
10.96
4.78
6.18

i 30. 51
13.08
5.64
7.43

i 30. 49
13.31
5.73
7.58

do
do
do
do
do

61.73
2.74
1.96
2.41
1.66

66.39
3.18
2.54
2.00
2.12

64.82
3.79
2.55
1.84
3.18

15.42
.69
.48
.57
.44

17.05
.71
.56
.60
.47

14.61
.68
.50
.47
.34

16.89
.78
.64
.61
.49

16.61
.80
.64
.43
.58

18,29
.91
.78
.48
.71

14.98
.91
.59
.44
.62

16.28
.97
.71
.47
.77

16.12
.94
.62
.50
.85

17.44
.97
.62
.43
.93

14.91
.92
.49
.26
.72

17.43
.95
.56
.43
.86

17.18
.95
.56
.34
.80

do
do
_ do
do
do

18.71
15.94
2.76
12.85
21.40

20.55
17.63
2.92
13.96
22.05

20.14
17.00
3.14
12.74
20.60

4.82
4.04
.77
3.19
5.24

5.36
4.54
.82
3.53
5.83

4.38
3.85
.52
3.19
5.05

5.30
4.56
.75
3.60
5.46

5.20
4.42
.78
3.39
5.57

5.67
4.80
.87
3.78
5.97

4.42
3.84
.58
3.11
4.88

4.94
4.15
.79
3.22
5.19

5.07
4.16
.91
3.14
5.00

5.70
4.85
.85
3.26
5.52

4.79
4.18
.62
2.92
4.82

5.74
4.90
.84

5.82
4.87
.96

8. 88

28.71

do.
do
do...
_ do.

100.90
38.81
19.73
19.08

103.74
40.61
20.48
20.13

107. 27
42.96
21.43
21.53

111.40
45.32
22.50
22.82

113.99
47.04
23.08
23.96

116. 22
48.08
23.28
24.80

114.57
49.05
22.86
26.20

112.46
48.78
22.59
26. 19

112.16
47.39
21.01
26.38

111. 80
46.82
21.07
25.75

do
do
do
do...
do

62.09
2.82
1.95
2.49
1.79

63.12
2.76
2.05
2.20
1.73

64.31
2.80
2.10
2.13
1.63

66.08
3.07
2.42
2.21
1.84

66.94
3.27
2.68
1.84
2.16

68.14
3.56
3.05
1.81
2.71

65.52
3.76
2.39
2.09
2.82

63.68
3.78
2.70
1.60
2.75

64.76
3.82
2.75
2.12
2.99

64.98
3.82
2.39
1.65
3.56

do
do
do
do
do

18.58
16.00
2.58
13.12
21.36

19.80
16.72
3.08
13.24
21.35

22.81
22.90
21.91
20.91
19.52
19.79
20.28
20.16
20.93
20.97
20.12
19.54
19.46
17.92
18.56
16.41
16.58
17.03
17.47
17.76
18.10
17.12
3.36
3.35
3.36
3.00
3.21
3.25
3.11
2.68
3.17
2.87
3.00
12.54
12.22
12. 95
12. 50
14.04
13.36
14.01
13.94
13.83
20.68 235.42 2 35. 4l
20.44
20.34
20.83
20.82
22.04
22.84
21.63
21.69
separately.
ePersonal outlays comprise personal consumption expenditures, interest
paid by consumers to business, and personal transfer payments to foreigners (net).
§Personal saving is excess of disposable income over personal outlays.
.

NEW PLANT AND EQUIPMENT
EXPENDITURES

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 f _
Nondurable goods industries f__ _
Nonmanufacturing
Mining. _
__
Railroad.
_ _
Air transportation _
Other transportation. .
Public utilities
Electric.
Gas and other
Communication
Commercial and other.

.

' Revised.
* Preliminary.
1 Estimates (corrected for systematic biases) for Apr.June 1976 and July-Sept. 1976 based on expected capital expenditures of business. Expected
2
expenditures for the year 1976 appear on p. 17 of the June 1976 SURVEY.
Includes communication.
fSee corresponding note on p. S-l.
9 Includes data for items not shown




2

114.72 1 121.14 i 123.00
54.06
52.28
49.21
23.42
22.68
21.63
30.64
29.60
27.58
65.51
3.83
2.08
1.18
3.29

68.86
3.68
2.16
1.47
3.32

68.93
3.85
2.37
1.45
2.96

IfData for individual durable and nondurable goods industries components appear in tne
Mar., June, Sept., and Dec. issues of the SURVEY.

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