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SUKVEY OF CURRENT BUSINESS

September 1976

NATIONAL INCOME AND PRODUCT TABLES
1975
1974

I

1975

II

1976

III

I

IV

1975

II

1974

I

1975

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)
Gross national product

-- -

1,413.2 1,516.3 1,446.2 1, 482. 3 1, 548. 7 1,588.2 1, 636. 2 1, 675. 2 1,214 0 1, 191. 7 1,161 1 1,177 1 1,209 3 1,219 2 1 246 3

1 260 0

887.5

973.2

933.2

960.3

987.3 1, 012. 0 1, 043. 6 1, 064. 7

759 1

770.3

754.6

767.5

775 3

783 9

800 7

808 6

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

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

215 0

183 7

172 4

164 4

196 7

201 4

229 6

239.2

182 0

137 8

129 3

126 2

148 7

147 0

167 1

171 7

204 3

198 3

194 6

194.3

198.6

205.7

214.7

223.2

173 5

149.8

149.8

147.4

149 7

152 5

156 7

160 6

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

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

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

55.1
52 7
10

51.2
49 0

46.6
44 9

48.6
46 7

52.6
50 2
10

57.0
54 2
14

61.3
58 6
12

65.3
62.9

38.4
36 6

35.4
34 0

36.8
35 2

39.6
37 6

41.9
39 7
10

44.1
42 0

45.7
43 9

1.5

.9
1.5

45.0
42 9

1.3

8
1.3

1.2

.9
1.3

.6
1.2

Change in business inventories . .
Nonfarm
Farm

10 7
12 2
—1 5

—14 6
— 17 6
30

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

-1.0
—1 9

—5.5
—7 0

10.4
89

11.1
12 0

1.5

—.9

7 5

20 5

15 0

24 4

21 4

21 0

8 4

9 3

144.4
136 9

148.1
127 6

147.5
132 5

142.9
118 5

148.2
126 8

153.7
132 7

154.1
145 7

160.3
151.0

303.3

339.0

325.6

333.2

343.2

353.8

354.7

111 6
77 3
34 3
191 6

124
84
40
214

120
82
38
205

122
83
39
210

124
84
40
218

130
87
43
223

129.2
86 2
42 9
225 5

Personal consumption expenditures
Durable goods
Nondurable goods
Services

...

... .

Gross private domestic investment
Fixed investment
Nonresidential
Structures _
Producers' durable equipment

Net exports of goods and services
Exports - --Imports
Government purchases of goods and services
Federal
National defense
Nondefense
State and local

4
3
1
5

5
1.2

—22.2
—25 6
34

3
0
3
3

.6
1.3

-30.0
—31 2

4
4
0
9

1.4

6
6
0
6

1.4

4
1
2
4

8
1.3

8.5

.6
1.2

.4
1.0

.4
1.1

7
1.2

-20.5
—21 5

—21.2
—21 5

1.0

.3

16 5

22 6

20 1

24.3

22 8

23 1

16 6

16 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

95.4
79.4

362.0

256.4

261.0

257.1

259.1

262.4

265.2

261.9

263.6

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

89
— 4

-12.0
— 13 0

9

9

1.5

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, 675. 2 1,214.0 1, 191. 7 1, 161. 1 1, 177. 1 1,209.3 1,219.2 1,246.3

1, 260.

1, 402. 5 1, 531. 0 1 468 4 1 512.3 1 550.6 1, 592. 5 1 621.4 1 659 2 1, 205. 5 1, 203. 7 1, 181. 6 1, 198. 2 1, 210. 2 1, 224. 7 1, 235. 9
10.4
-1.0
-5.5
-2 0
8.5 — 12.0 -20.5 -21.2
-4.3
10.7 — 14.6 —22 2 —30.0
16 0
14.8

Gross national product
Final sales
Change in business inventories

1, 248.

11.

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.

Durable goods
Fi al sales
C hange in business inventories

247 2
240 2
7. 1

254 4
266 5
— 12 1

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

224 1
218.6

5.5

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.

5.4

204 7
214.1
-9.4

Nondurable goods
Final sales
Change in business inventories

392 4
388.9
36

427 3
429 8
—2 6

408 5
415 3
—6 8

412 5
427 2
—14 7

438 4
433 4
5 0

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.

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

759 6
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

575.
108.

Goods
.
..
Final sales. _
Change in business inventories

Services
Structures

11.

3.

7.

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

1 413 2 1 516 3 1 446 2 1 482 3 1 548 7 1 588 2 1 636 2 1 675 2 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

Gross national product
Gross domestic product
Business
Nonfarm
Farm ..
Statistical discrepancy
Residual 1
Households and institutions

...

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

1, 068. 0
1,031.5
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

_._•___

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

12.4

7.0

4.8

4.1

4.8

5.3

5.1

5.9

5.6

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 7 987 7
34.1
42 5
54 8
48 7
48 5
55.0
32.0
49 0
55 0
50 3
4 4
61
66
64
51
7 2
58
01
7.5
1.8
38.5
38.2
44 7
48 1
54.8
51 5
53 3
49 7
49 0
50 4

161.6
54 9
106 7

Government
Federal
State and local
Rest of the world

1,260.0

"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

J.HE 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 quarterlj^ 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.
1973
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes areas shown in
the 1975 edition of BUSINESS STATISTICS

| 1974

1975

1973
II

III

1975

1974
IV

I

II

III

IV

I

1976

II

IV

III

I

II

Annual total
Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
1,588.2

1,636.2 '1,675.2

1,288.4

1,317.5

1,355.1

1,372.7

1,399.4

1,431.6

1,449.2

1,446.2

1,482.3

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

Services total 9
Household operation
Housing
Transportation

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
3L6

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

Gross national product totalf

--

bil. $

Personal consumption expenditures, total. .do

1,548.7

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

202.1
136.0
49.0
87.0

204.3
149.2
54.1
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
do
do . . 101.6
do
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

r 160. 3

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

313.2
124.6
81.6
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

1,288.6
580.9
229.6
351.3
560.5
147.2

1,402.5
629.0
240.2
388.9
626.6
146.9

1,531.0
696.3
266.5
429.8
692.5
142.1

1,273.0
571.8
228.3
343.5
553.2
148.0

1,302.1
586.7
230.1
356.6
567.0
148.4

1,326.1
599.8
230.7
369.0
580.1
146.2

1,360.0
608.4
232.3
376.1
605.1
146.5

1,386.4
621. 9
240.6
381.3
614.6
150.0

1,424.2
643.0
247.6
395.4
633. 8
147.4

1,439.4
642. 8
240. 2
402. 6
652. 8
143.8

1,468.4
661.8
249. 5
415. 3
666.3
137. 2

1,512.3
691.0
263. 8
427. 2
684. 2
137.1

1,550.6
705.4
272. 0
433. 4
700.2
145.0

1,592.5
724. 0
280.6
443.3
719. 5
149.1

17.9
10.9
7.0

10.7
7.1
3.6

-14.6
-12.1
-2.6

15.4
10.9
4.5

15.4
11.8
3. 6

29.0
12.1
16.9

12.6
6.6
6.0

13.0
2.2
10.8

7.3
5.1
2.3

9.7
14.5
—4 7

22.2
-iTJ
—6 8

-30.0
-15.3
-14.7

-2.0
-7.0
5.0

-4.3
-10.6
6.3

1,214.0

1,191.7

1,231.1

1,236.3

1,242.6

1,230.4

1,220.8

1,212.9

1,191.7

1,161.1

1,177.1

1,209.3

1,219.2

775.3

783.9

800.7

808.6

124.3
314.6
361.8

125.2
317.6
365.8

167.1

171.7

152. 5
110.5
41.9
-5.5

156.7
112.6
41.1
10.4

160.6
114. 9
45.7
11.1

23.1

16.6

'16.0

Fixed investment
Nonresidential
Structures
Producers' durable equipment

do
do
do
do

Residential
Change in business inventories
Nonfarm

do
do
do..

Net exports of goods and services
Exports
Imports

Govt. purchases of goods and services, total .do
Federal
do
National defense
.
.. do
State and local
do

Change in business inventories
Durable goods
_
Nondurable goods

1,413.2 1, 616. 3

220.0

Gross private domestic investment, total.. .do

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

1,306.6

...

do
do _
do
do
. do
do
do
do
. do

••9.3

151.0

1,621.4 '1,659.2
742. 4
727.5
295. 8
286.3
446.6
441.1
742. 6 ' 759. 6
157.3
151.3

14.8
-3.6
18.5

16.0
5.4
10,6

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

bil.$.. 1,235.0

Personal consumption expenditures, total.. do
Durable goods
Nondurable goods
Services

do ..
do
do

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

do
do ..
do
do
do

Govt. purchases of goods and services, total .do
Federal
do
State and local
do

767.7

759.1

770.3

766.8

770.4

765.9

761.8

761.9

764.7

748.1

75i.6

767.5

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
301. 9
343.7

103.1
299.8
345. 1

106.0
300. 6
348.0

108.4
307. 2
351.8

115.1
305.8
353.4

118.0
309. 5
356.4

207.2

182.0

137.8

207.4

204. 9

211.8

194.8

187.9

176.2

169.1

129. 3

126.2

148. 7

147.0

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

7.6

16.5

22.6

5.7

9.3

252.5
96.6
155.9

256.4
95.3
161.1

261.0
95.7
165.2

251.2
96.3
154. 9

251.8
95.2
156.6
r
Revised.
p Preliminary.
t Revised series, Estima tes of national income tmd
product and personal income have been revised ba ck to 1973 (see p. 24 ff. of the July 1976

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

12.9

18.4

14.9

14.9

17.7

20.1

24.3

22.8

262. 4
256.1
259.1
257. 1
257.1
255. 4
256.9
252.0
95. 6
95. 3
95. 4
91.8
91.3
95. 3
95.8
91.7
166. 9
163. 8
162. 2
161.3
161.5
157.7
160.1
161.4
SURVI:Y); revLiions pri()r to Mily 1975 \ or perso lal incoine appe ar
1976 S URVEY.
9 Includes dat a for iterns not sh own sep[irately.

1,246.3 '1,260.0

263. 6
261.9
265. 2
96.0
95. 4
97. 2
167.7
166.6
168.0
on p 33 of 11le July

S-l
220-042 O - 76 - S-l




SURVEY OF CUERENT BUSINESS

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

1973

|

1974 I 1975

Annual total

1973

September 1976
1975

1974

IV

II

III

IV

II

1976

IV

III

II

III

IV

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCTf— Con.
Quarterly Data Seasonally Adjutted at Annual Rate*
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

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

131. 29
130.3
121.8
136.4
128.0

132.96
131.7
123. 8
136.9
129.8

106.0
103.8
110.8

117.7
116.1
122.3

132.4
132.1
133.2

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

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

137.3
136.7
137.7

1,135.7 1,207.6

1,102.7

1 113 5 1,125.6

1,304.7

1,337.4

,147.6

,156.3

,149.7

,182.7

1,233.4

1,264.6

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

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

92.4
32.0
60.4

86.9
25.8
61.1

90.2
24.9
65.3

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

20.9

20.6

21.0

21.5

21.9

22.3

22.4

22.9

23.3

23.1

99.1

84.8

91.6

99.3

95.7

87.8

81.7

74.1

69.0

86.6

105.3

105.6

115.1 ' 116.4

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

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 r 125. 0
14.0 ' 13.8
107.9 r 111.2
66.4
61.2
30.7
23.7

8.3
6.8

6.0
11.2

7.9
6.2

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

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

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 r 146. 2
61.4 ' 63.5
79.7 ••82.7
34.4
33.1
46.6 ••48.3

do
do
do

..

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

-18.6
1.9
52.3

-39.8
-3.0
67.1

-11.4
-11.5
74.6

-19.1
1.4
55.3

-30.4

-36. 6
-1.9

-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

-11.5 - -14.4
-14.5 -15.4
80.3
78.6

_bil. $. 1,064.6
do
do
do
do
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
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

9

59'. 4

65. y

994.4 1,017.2
861.5
881.1
185.4
188.7
692.4
676.1
132.9
136.2

8.6
7.7

9.5
••6.8

DISPOSITION OF PERSONAL INCOME f
Quarterly Data Seasonally Adjutted at Annual Rate*
bil. $.. 1,052.4
150.8
901.7
do
831.3
do
70.3

Personal income, total
Equals: Disposable personal income
Less: Personal outlays©

1,153.3 1,249.7
170. 4
168.8
982.9 1,080.9
910.7
996.9
72.2
810

1,095.5 1,109.7 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
189.5
167.4
142. 2
183.8
174.5
174.0
179.8
178.3
161.3
179.3
157.8
948.4 969. .: 998.0 ,015.8 1,023.8 1,088.2 1,091.5 1,119.9 1, 147. 6 1,172.5
937.7
983.6 1 Oil 1 1,036.2 1 068 0 1,089.6
875.8 901.6 930.4
935.0
956.7
856.6
79.5
82.9
67.8
104.5
80.5
83.7
67.6
72.6
80.8
67.2
81.1

NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries.
Manufacturing
Durable goods industries 1 _
Nondurable goods industries 1

Public utilities
Electric
Gas and other.
Communication _
Commercial and other

..

Seas. adj. qtrly. totals at annual rates:
All industries...
Manufacturing
.
Durable goods industries 1
Nondurable goods industries 1
Nonmanufacturing
Mining
Railroad
_
A '.A transportation
O ther transportation

99.74
38.01
19.25
18.76

112.40
46.01
22.62
23.39

112. 78
47.95
21.84
26.11

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 r 29. 70 -i 30. 54 i 35. 05
15.90
10.96 - 12. 66 - 13. 25
7.07
4.78 -5.61 - 5. 90
8.84
6.18 '7.05 -7.35

do
do ..
_ do
do ..
do

Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation

bil. $
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

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

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

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

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

112.16 111. 80
47.39 46. 82
21.01 21.07
26.38 25.75

114.72
49.21
21.63
27.58

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
£.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

do...
do .
.do...
do..do .
do
do
do . . .
do . . .

19.80
20.12
Public utilities
do
16.72
17.12
Electric
do
3.08
3.00
Gas and other
do ..
13.24
13.83
Communication
do. . .
21.35
21.69
Commercial and other
do...
r
Revised.
v Preliminary.
i Estimates (corrected for systematic biases) for JulySept. 1976 and Oct.-Dec. 1976 based on expected capital expenditures of business. Expected
expenditures for the year 1976 appear on p. 21 of the September 1976 SURVEY.
2 includes
communication.
tSee corresponding note on p. S-l.
9 Includes data for items not
shown separately.
©Personal outlays comprise personal consumption expenditures,




64.76
3.82
2.75
2.12
2.99

64.98
3.82
2.39
1.65
3.56

- 17. 29
.95
- .54
.34
- .96

19.15
1.02
.47
.33
.82

-5.50 -5.87
-4.74 -4.90
-.76
-.98
3.21
-5.21 - 2 8. 62

6.63
5.56
1.07

r 17. 04

-.99
-.68
-.42
' 1.02

-118.12
- 50. 64
- 22 54
- 28. 09

29.87

-1122.96 1 127. 03
56.29
- 53. 81
24.80
- 24. 08
- 29. 73 31.49

65.51 - 67. 48 - 69. 16
3.83 -3.83 -3.87
2.08 -2.64 -2.31
1.18 -1.44 - 1. 42
3.29 -4.16 -3.44

70.74
4.02
1.71
1.31
3.06

24.09
21.91 - 21. 85 - 23. 09
20.91
19.52
19.79
20.28
20.16
20.03
20.97
20.28
18.56 - 18. 82 - 19. 66
17. 92
16.41
10.58
17.03
17.47
17.76
18.10
3.80
-3.44
3.36 -3.03
3.00
3.21
3.25
3.11
2.68
3.17
2.87
I 9 69
12.54
12 22
12. 95
12. 50
14.04
13.36
14.01
13.94
2 36. 56
20.68 - 23. 94 -2 35. 02
20.' 44
20.82
22.84
22.04
20.83 20.34
21.63
interest paid by consumers to business, and personal transfer payments to foreigners (net).
§Personal saving is excess of disposable income over personal outlays.
HData 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