View PDF

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

SURVEY OF CURRENT BUSINESS

12

October 1976

NATIONAL INCOME AND PRODUCT TABLES
1975
1974

1975

II

III

1975

1976

IV

I

II

III*

1974

1975

II

III

Seasonally adjusted at annual rates

1976

IV

I

II

III*

Seasonally adjusted at annual rates
Billions of 1972 dollars

Billions of current dollars

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

1,413.2 1,516.3 1,482.3 1 548.7 1,588.2 1,636.2 1, 675. 2 1,709 7 1,214.0 1, 191. 7 1,177 1 1,209.3 1,219 2 1, 246. 3 1 260 0

Personal consumption expenditures _

973.2

960 3

987 3 1,012 0 1, 043. 6 1,064 7 1 088 9

759,1

770.3

767 5

775 3

783.9

800 7

808 6

816 4

121 6
376.2
389 6

Durable goods
Nondurable goods
Services

131 7
409 1
432 4

127 0
405 8
427 4

136 0
414 6
436 7

141 8
421.6
448 6

151 4
429.1
463 2

112.3
303.5
343 4

111 9
306.1
352 4

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

126 6
319 7
370 0

173.8

155 0
434.8
474 9

158 1
442.7
488 1

Federal
National defense
Nondefense
State and local

..

239.2

245.5

182.0

137.8

126.2

148.7

147.0

167.1

171.7

214 7

223.2

231.1

173.5

149.8

147 4

149 7

152. 5

156 7

160 6

163 9

147 1
52 0
95.1

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

162 5
55.6
106.8

128 5
42.1
86.5

111 4
36.7
74.7

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

117 0
38 0
79.0

51.2
49 0
8
1.3

48.6
46 7
6
1.3

52.6
50 2
10
1.4

57.0
54 2
14
1.4

61.3
58 6
12
1.5

65.3
62 9
.9
1.5

68.7
66 1
1.0
1.5

45.0
42 9
.8
1.3

38.4
36 6
.6
1.2

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

46.9
45 0
.7
1.2

—14 6
-17.6
30

—30 0
—31.2
12

—2 0
—4.2
22

—4 3
—9.5
52

14 8
12.7
22

16.0
17.3
—1 3

14.4
15.4
— 1.0

8.5
8.9
— 4

—12.0
-13.0
9

—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

9.9
10.6
—.7

20.5

24 4

21.4

21.0

8.4

9.3

5.9

16.5

22.6

24.3

22.8

23.1

16.6

16.0

16.5

148.1
127.6

142 9
118.5

148 2
126.8

153.7
132.7

154.1
145.7

160.3
151.0

166.2
160.3

97.2
80.7

90.6
68.1

87.7
63.4

90.7
67.9

93.9
70.8

93.6
77.0

95.4
79.4

97.5
81.0

303 3

.

Government purchases of goods and services

229.6

144 4
136.9

Net exports of goods and services -

201.4
205 7

7.5

Change in business inventories
Nonfarm ._
Farm

196.7
198 6

10 7
12.2
—1 5

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

164.4
194 3

55.1
52 7
10
1.3

Nonresidential
Structures .
Producers' durable equipment . ...

183.7
198 3

149 2
54 1
95.1

...

Fixed investment

215.0
204 3

Gross private domestic investment. .

Exports
Imports..

1 272 2

887.5

339 0

333 2

343.2

353 8

354.7

362.0

369.5

256.4

261.0

259.1

262.4

265.2

263.6

265.6

111.6
77 3
34 3
191 6

124.4
84 3
40 1
214 5

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

1?4. 4
88.6
45.7
235.1

95.3

95.7

95.3

95.6

97.2

95.4

96.0

97.2

161.1

165.2

163.8

166.9

168.0

166.6

167.7

168.4

261.9

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

1, 413. 2 1, 516. 3 1 482.3 1 548.7 1, 588. 2 1, 636. 2 1 675 2 1 709 7 1 214.0 1, 191. 7 1, 177. 1 1, 209. 3 1, 219. 2 1,246.3 1,260.0

1,272.,

1 402 5 1 531 0 1 512 3 1 550 6 1 592 5 1 621 4 1 659 2 1 695 4 1 205.5 1, 203. 7 1, 198. 2 1, 210. 2 1,224.7 1, 235. 9 1, 248. 8
-5.5
10.4
—1.0
11.1
—2 0
8.5 — 12.0 -21.2
10.7 — 14.6 —30 0
—4.3
14 4
16 0
14.8

_

Final sales
Change in business inventories

1, 262.
9.

639.7
629 0
10 7

681.7
696 3
—14 6

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

768.2
14 4

552.9
544 4
8.5

532.6
544.7
—12.0

522.5
543.7
-21.2

546.0
547.0
—1.0

549.9
555.4
-5.5

569.5
559.1
10.4

576.0
564.8
11.1

580.
570.
9.

Durable goods.
.
Final sales
Change in business inventories

247 2
240 2
7 1

254 4
266 5
— 12 1

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

?08 8
302 0
68

224.1
218.6
55

204.7
214.1
—9 4

200.1
211.9
—11.9

212.1
216.8
-4.6

213.4
220.7
-7.4

221.9
224.3
-2.4

230.5
226.7
3.8

235.
230.
4.

Nondurable goods
Final sales
Change in business inventories

392 4
388.9
36

427 3
429.8
—2 6

412 5
427 2
—14 7

438 4
433.4
50

449 7
443.3
63

459 6
441.1
18 5

457 1
446 6
10 6

459 4
451 8
75

328.8
325.8
3.0

327.9
330.6
—2.7

322.4
331.7
-9.3

333.9
330.2
3.7

336.6
334.7
1.9

347.6
334.8
12.8

345.5
338.2
7.3

345.
340.
5.

626.6
146 9

692 5
142 1

684 2
137 1

700 2
145 0

719 5
149 1

742 6
151 3

759 6
157 3

780 1
161 4

545.0
116.1

556.6
102.4

555.4
99.2

558.7
104.6

562.8
106.4

570.3
106.6

575.3
108.7

581.
110.

Goods
Final sales.
Change in business inventories . . .

Services
Structures

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

1 413 2 1 516 3 1 482 3 1 548 7 1 588 2 1 636 2 1 675 2 1 709 7 1,214 0 1 191.7 1, 177. 1 1,209.3 1,219.2 1,246.3 1,260.0
1 398 7 1 505 7 1 471 7 1 537 4 1 577 1 1 623 2 1 662 8 1 696 7 1, 206. 9 1, 186. 8 1, 172. 2 1, 204. 0 1,214.1 1,240.4 1,254.3

Gross national product
Gross domestic product
Business.
Nonfarm
Nonfarm less housing .
Housing ..
Farm
Statistical1 discrepancy
Residual ..

1, 272. 2

989.9 1, 020. 8 1, 030. 2 1, 055. 1 1,068.0
956.6 983.0 994.1 1, 018. 0 1, 031. 5
925.0
912.9
854.6 880.1 890.0
106.5
105.1
104.0
102.9
101.9
34.9
34.3
34.2
34.6
36.0

1, 078. 7
1,042.0
934.4
107.6
35.0
21.6

1 192 4 1 277 5 1 246 4 1 306 8 1 340 4 1 380 7 1 415 5 1 443 9 1 027 3 1 004 1
968.1
987 7
1, 137 3 1 222 8 1 197 4 1 246 7 1 279 6 1 324 8 1 354 7
889.5 865.7
1, 029. 9 1 105.0 1 081 0 1 127 8 1 157 6 1 199.8 1 226 5
102.4
98 2
117 8
118 9
125 0
131 3
107 4
116 4
122 0
128 2
34.1
32 0
48 5
54 8
50 0
55 0
48 7
55 0
49 0
50 3
1
66
4 4
61
51
72
58
7.5
1.8

1,266.6

-1.3

1.8

1.9

2.8

1.6

44 7

49 7

49 0

50 4

51 5

53 3

54.8

56.8

38.2

38.5

38.4

38.5

38.8

39.8

40.4

41.4

Government. .
Federal
State and local

161 6
54 9
106.7

178 5
59 3
119.2

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

196 0
63.2
132.8

141.5
48.4
93.1

144.2
48.2
96.0

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

146.6
48.1
98.4

Rest of the world. .

14 5

10.6

10 6

11 3

11 1

13.0

12.4

13.1

7.0

4.8

4.8

5.3

5.1

5.9

5.6

5.7

Households and institutions

.

..

* Preliminary.
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.
2. Held constant at level of previous quarter.




NOTE.—Table t: "Final sales" is classified as durable or nondurable by type of product.
"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 oasis
and is based on the 1967 Standard Industrial Classification.

CURRENT BUSINESS STATISTICS

JLHE 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
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 are as shown in
the 1975 edition of BUSINESS STATISTICS

1975

1974

III

Annual total

1974

1973
| IV

i | n

1976

1975
III

IV

I

II

III

IV

i | n

III*

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
1,446.2 1,482.3

1,548.7

1,588.2 1,636.2 1,675.2 1, 709. 7

1,317.5 1,355.1

1,372.7

1,399.4

1,431.6

1,449.2

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 1, 088. 9

131.7
53.2
57.6

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

158.1
71.9
63.2

376.2
65.1
189.9
36.3

409.1
70.0
209.5
38.9

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

442.7
76.0
226.2
41.5

do

Gross national product totslf

352.3
50.2
123.2
27.9

389.6
56.1
136.4
31.1

432.4
63.9
150.2
34.0

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

488.1
72.3
167.8
37.8

do

220.0

215.0

183. 7

220.0

231.5

216.4

218.8

213.3

211.5

172.4

164.4

196.7

201. 4

229.6

239.2

245.5

214.7
153.4
53.2
100.2

223.2
157.9
54.9
103.0

231.1
162.5
55.6
106.8

bil. $

Personal consumption expenditures, total.. do

, 306. 6

1, 413. 2 1, 516. 3

809.9

887.5

973.2

do
do
do

123.7
55.2
50.7

121.6
47.9
54.7

do__.
do
- do
do

333.8
61.3
168.1
27.8

do
do

Durable goods, total 9
Motor vehicles and parts
Furniture and household equipment
Nondurable goods, total 9
Clothing and shoes
Food
Gasoline and oil
Services total 9
Household operation
Transportation
Gross private domestic investment total

do
- -do
do
do

202 1
136.0
49.0
87.0

204.3
149.2
54.1
95.1

198.3
147.1
52.0
95.1

204.6
138.6
50.5
88.1

202.5
140.3
61.2
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

do
do
do

66.1
17.9
14.7

55.1
10.7
12.2

51.2
-14.6
-17.6

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

68.7
14.4
15.4

do
- do
do

7.1
101.6
94.4

7.5
144.4
136.9

20.5
148.1
127.6

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

9.3
160.3
151.0

5.9
166.2
160.3

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

269.5
102 2
73.5
167.3

303.3
111.6
77.3
191.6

339.0
124.4
84.3
214.6

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

369.5
134.4
88.6
235.1

do
. do.
do
do
- do
do

1,288.6
580.9
229.6
351.3
660.5
147.2

1,402.5
629.0
240.2
388.9
626.6
146.9

do
do
- do

17.9
10.9
7.0

10.7
7.1
3.6

Fixed investment
Nonresidential
Structures
-- -Producers' durable equipment
Residential
Change in business inventories
Nonfarm
Net exports of goods and services
Exports
Imports
. -

By major type of product:t
Final sales total
Goods total
Durable goods
Nondurable goods
Services
Structures
Change in business inventories
Durable goods
_.
Nondurable goods

1,531.0 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 1,659.2 1,695.4
753.8
742.4
727.5
724.0
705.4
664.8
691.0
642.8
621.9
643.0
696.3 586.7
599.8 608.4
302.0
295.8
286.3
280.6
272.0
240.2 249.5
263.8
240.6
247. 6
232. 3
266.5 230.1 230.7
451.8
446.6
441.1
443.3
433.4
415.3
427. 2
395.4
402.6
381.3
376.1
429.8 356.6
369.0
780.1
759.6
742.6
666.3 684.2 700.2 719.5
633.8 652.8
692.5 667.0 680.1 605.1 614.6
161.4
157.3
151.3
149.1
137.2
145.0
137.1
147.4
143.8
142.1
146.2
150.0
148.4
146.5
14.4
16.0
-4.3
14.8
-2.0
30.0
7.3
9.7 -22.2
13.0
15.4
-14.6
29.0
12.6
6.8
5.4
-3.6
-7.0 -10.6
2.2
14.5 -15.4 -15.3
6.1
12.1
-12.1
11.8
6.6
7.5
10.6
18.5
6.3
5.0
14.7
2.3
-4.7
-6.8
10.8
16.9
-2.6
3.6
6.0

i GNP in constant (1972) dollarsf
Gross national product, to talf

--

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

767.7

769.1

770.3

770.4

765.9

761.8

761.9

764.7

748.1

754.6

767.5

121.8
309.3
336.5

112.3
303.5
343.4

111.9
306.1
352.4

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

108.4
307.2
351.8

1,219.2 1,246.3 1,260.0 1, 272. 2
816.4
808.6
800.7
775.3 783.9
126. 6
125.2
124.3
118.0
115.1
319.7
317.6
314.6
309.5
306.8
370.0
365.8
361.8
356.4
353.4

207.2

182.0

137.8

204.9

211.8

194.8

187.9

176.2

169.1

129.3

126.2

148.7

- bil. $-. 1,235.0
do
do ..
do

Gross private domestic investment, total. ..do
Fixed investment
Nonresidential
Residential
Change in business inventories

do
. do ..
do
do..

Net exports of goods and services

do

1,214.0

1,191.7

1,236.3 1,242.6 1,230.4

190.7
131.0
59.7
16.5

173.5
128.5
45.0
8.5

149.8
111.4
38.4
-12.0

190.8
132.5
58.3
14.1

186.4
132.4
54.0
25.4

7.6

16.5

22.6

9.3

12.9

Govt. purchases of goods and services, total .do
252.5
256.4
252.0
261.0
251.8
Federal
do
96.6
94.3
95.3
95.7
95.2
State and local
do.
155.9
157.7
165.2
156.6
161.1
r
Revised.
v Preliminary.
f Revised series Estim ates of national income and
product and personal income have been revised ba ck to 19'1Z (see p 24 ff. of the July 1976

183.4
133.5
49.9
11.4

1,220.8 1,212.9

1,191.7

1,161.1

1,177.1

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

1,209.3

149.7
110.1
39.6
-1.0

147.0

152. 5
110.5
41.9
-5.5

167.1

171.7

173.8

156.7
112.6
44.1
10.4

160.6
114.9
45.7
11.1

163.9
117.0
46.9
9.9

16.5
16.0
16.6
23.1
22.8
265. 6
263.6
261.9
265.2
262. 4
259.1
256.1
257.1
256.9
257.1
255.4
97 2
96.0
95.4
97.2
95.6
95.3
94.8
95.4
94.7
95.8
95.3
168'. 4
167.7
166.6
168.0
166. 9
162.2
163.8
161.5
161.3
161.4
160.1
SURArEY); rev isions pr ior to IVlay 1975 for pers onal inc()me app ear on i). 33 of the July
9 In eludes d ata for it(jms not s hown se; 3arately.
1976 SURVEY.
18.4

14.9

14.9

17.7

20.1

24.3

S-l
2 2 1 - 2 4 0 O - 76 - S - 1




g-2

SURVEY OF CURRENT BUSINESS

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

1973

|

1974 | 1975

Annual total

1973
IV

October 1976
1975

1974
I

II

III

IV

I

II

1976
IV

III

II

I

in,

IV

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

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

134. 39
133.4
124.4
138.5
131.9

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

141.0
138.9
146.4

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

139.1
138.2
139.6

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

,233.4

,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

Proprietors' income with inventory valuation
and capital consumption adjustments,
total
bil. $
Farm
do
Nonfarm
.. . do
Rental income of persons with capital consumption adjustment
bil $

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

96.1
21.7
74.4

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

23.2

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

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
14.0
107.9
61.2
23.7

125.0
13.8
111.2
66.4
30.7

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

8.6
7.7

9.5
6.8

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
61.4
79.7
33.1
46.6

146.2
63.5
82.7
34.4
48.3

do
do
do

-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
-.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

-11.5
-14.5
78.6

-14.4
-15.4
80.3

National income, totalf

- bil. $

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

do
do
do
do
do

Profits before tax total
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest

1,064.6

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

,037.3
897.7
191.7
706.0
139.6

35.9
-12.7
-15.7
83.1

DISPOSITION OF PERSONAL INCOME f
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income, total
bil. $.. 1,052.4
Less: Personal tax and nontax payments
do
150.8
Equals: Disposable personal income . .. do
901.7
Less: Personal outlays©
do
831.3
Equals' Personal saving!
do
70.3

1,153.3 1, 249. 7 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 1,336.2
195.8
189.5
142.2
183.8
174.5
179.8
170.4
174.0
178.3
168.8
161.3 167.4
179.3
157.8
982.9 1,080.9
948.4 969.5 998.0 ,015.8 1,023.8 ,088.2 , 091. 5 1,119.9 1, 147. 6 1,172.5 1, 190. 4
937.7
901.6 930.4
983.6 ,011.1 1,036.2 1, 068. 0 1,089.6 1, 114. 8
910.7
996.9
856.6
875.8
935.0
956.7
75.6
82.9
79.5
67.8
104.5
83.7
80.5
72.2
67.6
67.2
84.0
72.6
80.8
81.1

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

Public utilities
Electric
Gas and other
Communication
Commercial and other

_.

Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing
Durable goods industries t
Nondurable goods industries t
Nonmanufacturing. _ . .
Mining
Railroad
Air transportation
Other 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
10.96
4.78
6.18

29.70 130.54 i 35. 05
15.90
13.25
12.66
7.07
5.90
5.61
8.84
7.35
7.05

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

17.04
.99
.68
.42
1.02

17.29
.95
.54
.34
.96

19.15
1.02
.47
.33
.82

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

5.50
4.74
.76
3.21
5.21

5.87
4.90
.98

6.63
5.56
1.07

28.62

2 9. 87*

do
do
.do...
do...

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

114.72
49. 21
21.63
27.58

do
do
do
do
do .

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

64.76
3.H2
2.75
2.12
2.99

64.98
3.82
2.39
1.65
3.56

65.51
3.83
2.08
1.18
3.29

Public utilities
do
19.80
20.12
Electric
..
do
16.72
17.12
Gas and other
...do...
3.08
3.00
Communication
do.
13.24
13.83
Commercial and other
do .
21.35
21.69
' Revised.
? Preliminary.
1 Estimates (corrected for systematic biases) for Julybept. 1976 and Oct.-Dec. 1976 based on expected capital expendituies of business.2Expected
expenditures for the year 1976 appear on p. 21 of the September 1976 SURVEY.
Includes
communication.
fSee corresponding note on p. S-l.
9 Includes data for items not
shown separately.
0Personal outlays comprise personal consumption expenditures,




118. 12 i 122. 96 1 127. 03
56.29
53.81
50.64
24.80
24.08
22.54
29.73 31.49
28.09

67.48
3.83
2.64
1.44
4.16

69.16
3.87
2.31
1.42
3.44

70.74
4.02
1.71
1.31
3.06

24.09
23.09
21.85
21.91
20.91
19.79
19.52
20.28
20.93
20.97 20.16
20.28
19.66
18.82
18.56
17.92
16.41
16.58
17.03
17.47
17.76
18.10
3.80
3.44
3.03
3.36
3.00
3.21
3.25
3.11
2.68
3.17
2.87
Y> 62
12.54
12.22
12. 95
12.50
13.36
14.04
14.01
13.94
20.94 2 35. 02 2 36. 56
20.68
20.44
20.83 20.34
20.82
22.84
22.04
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.
{ the
IJData 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