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SURVEY OF CURRENT BUSINESS

8

November 1975

NATIONAL INCOME AND PRODUCT TABLES
1974
1973

1974

II

1975
IV

III

I

II

1974
III

1973

1974

II

III

Seasonally adjusted at annual rates

1975
IV

I

II

III

Seasonally adjusted at annual rates

Billions of current dollars

Billions of 1958 dollars

Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
1 294 9 1, 397. 4 1, 383. 8 1,416.3 1, 430. 9 1,416.6 1,440.9 1, 503. 6

Change in business inventories..
Nonfarm
..
Farm

804 0

780 0

783 6

808 3

895.8

913.2

938.6

968 8

552.1

539.5

542 7

547 2

528 2

531 5

539 7

548 6

127.5
380.2
369.0

129 5
375.8
363 8

136.1
389.0
376 2

120.7
391.7
383.5

124.9
398.8
389.5

130.6
410.1
397.9

138 6
422.7
407 5

113.6
228.6
209 9

103.1
223.7
212.6

106 8
223.6
212 2

107 8
225.8
213 7

92 8
221.4
214 1

95 2
222 5
213 7

97 9
226 4
215 5

103 2
228 1
217 3

209.4

211.8

205.8

209.4

163.1

148.1

179.1

138.1

126.7

130.3

122.7

120.5

89.3

80.7

97.5

195.2

198.3

197.1

191.6

182.2

179.1

184.6

127.3

118.0

122.2

117.7

109.6

101.0

97.8

99 8

136.8
47 0
89.8
57 2
56.7
5

149.2
52.0
97.1
46.0
45.2
.7

149.4
52 2
97.2
48 8
48 0
g

150.9
51.0
99.9
46.2
45.4
.8

151.2
53.7
97.5
40.4
39.7
.7

146.9
52.8
94.2
35.3
34.8
.5

142.7
49.1
93.6
36.4
35.6
.8

143.6
49.6
94.0
41.0
40.0
1.0

94.4
25.4
69.0
32.9
32.6
.3

94.0
26.2
67.8
24.0
23.6
.4

96.5
26 6
69.9
25 7
25.3
4

94.1
25.4
68.7
23.6
23.1
.4

89.2
26.1
63.1
20.4
20.1
.4

83.8
25 2
58.6
17 3
17.0
.2

80.3
23 5
56.8
17.5
17.1
4

80 4
23 6
56 8
19 4
19 0
5

15.4
11.4
40

Nonresidential
Structures
Producers' durable equipment
Residential structures
Nonfann
Farm

823 1

901.3

194.0

Fixed investment

827 1

869 1

209.4

Gross private domestic investment

821.2

876.7

130 3
338.0
336 9

Durable goods
Nondurable goods
Services

839.2

805 2

Gross national product
Personal consumption expenditures

14.2
11.9
2.3

13.5
10 4
31

8.7
6.6
2.1

17.8
17.5
.3

-19.2
-17.8
—1.4

-31.0
-30.6
—.4

-5.5
-7.2
18

10.8
8.9
18

8.7
7.4
1.2

8.2
6.4
18

5.0
3.9
1.1

10.9
10.7
.2

-11.7
—10.9
— 8

-17.1
— 16.8
— 2

-2.3
—3 2
9

3.9

Government purchases of goods and services
Federal
National defense
Other
State and local .

.

-1.5

-3.1

1.9

8.8

16.2

12.2

4.6

9.0

8.2

7.3

9.1

11.6

14.0

12.1

140.2
138.1

138.5
140 0

143.6
146.7

147.5
145.7

142.2
133.4

136.0
119.8

142.0
129.8

66.6
62.0

71.9
62.9

73.4
65.1

70.9
63.6

69.9
60.9

66.5
54.9

63.3
49.4

66.1
54 0

276.4

309.2

304.4

312.3

323.8

331.6

338.1

343.5

144.4

146.0

145.8

145.9

146.3

147.7

149.2

150.1

106 6
74.4
32 2
169.8

Exports
Imports

2.1

100.4
96 4

Net exports of goods and services .

116.9
78.7
38.2
192.3

114 3
76.6
37 7
190 1

117.2
78.4
38.8
195.1

124.5
84.0
40.6
199.3

126.5
84.7
41.8
205.1

128.4
84.8
43.6
209.7

130.5
86.1
44.4
213.0

57.3

56.5

56.3

56.5

57.0

57.4

58.3

58.9

87.0

89.5

89.5

89.4

89.3

90.2

90.9

91.2

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
839.2

821.2

827.1

823.1

804.0

780.0

783.6

808.3

1 279 6 1 383 2 1 370 3 1 407 6 1 413 1 1 435 8 1 471.9 1 509 1 828.4
14.2
17.8 —19.2 -31.0
—5.5
10.8
8.7
15 4
13 5

812.5
8.7

818.9
8.2

818.1
5.0

793.1
10.9

791.8
-11.7

800.7
-17.1

810.6
-2.3

1,294.9 1, 397. 4 1,383.8 1,416.3 1, 430. 9 1,416.6 1,440.9 1, 503. 6

Gross national product
Final sales
Change in business inventories

622 7

670.3

664 9

681.7

682.6

667 0

680.5

724.5

459.1

442.8

448.9

446.0

427.1

408.3

411.1

431.1

607 3
15.4

656.1
14.2

651 3
13 5

673.0
8.7

664.8
17.8

686.1
-19.2

711.5
-31.0

730.0
-5.5

448.3
10.8

434.1
8.7

440.8
8.2

441.0
5.0

416.3
10.9

420.1
-11.7

428.2
-17.1

433.4
-2.3

Durable goods
Final sales
Change in business inventories .. .

250.3
240 9
9.4

256.9
249.2
7.7

246.6
248 5
—1 8

265.5
259.8
5.7

264.5
246.2
18.3

239.5
252.9
-13.4

247.0
261.7
-14.7

259.5
268.7
-9.2

206.0
198.5
7.5

195.9
191.0
4.9

195.4
196.6
-1.2

200.2
196.6
3.6

188.0
176.7
11.3

167.5
176.1
-8.6

169.7
177.8
-8.1

177.9
182.3
-4.4

Non durable goods
Final sales
Change in business inventories

372.4
366 5
60

413.4
406.9
6.5

418 2
402 9
15 4

416.2
413.2
3.0

418.1
418.6
-.5

427.5
433.2
-5.7

433.5
449.8
— 16.3

465.0
461.3
3.7

253.1
249.9
3.3

246.9
243.1
3.8

253.6
244.2
9.4

245.8
244.4
1.4

239.2
239.6
-.4

240.8
244.0
-3.2

241.4
250.3
-9.0

253.2
251.1
2.1

Services.

534 4

590.3

579 2

597.8

614.5

620.9

635.3

648.8

304.5

310.9

308.3

310.7

313.7

312.2

315.0

317.6

Structures

137.8

136.8

139 7

136.7

133.9

128.8

125.2

130.3

75.5

67.5

69.8

66.4

63.2

59.5

57.5

59.6

808.3

Goods output
Final sales
Change in business inventories ..

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

1,294.9 1,397.4 1,383.8

Gross domestic product
Business
Nonfarm
Farm

1,286.5 1,385.6 1,374.1 1,405.2 1,418.9
,

Households and institutions
Q eneral government
Federal
State and local
Rest of the world
Addendum: Gross private product.




1,416.31,430.9

416.6 1,440.9 1,503.6

409.4 1,432.6 1,494.7

1,096.8 1,177. 8 1,168.8 1,195.7 1,203.6 1,189.2 1, 207.8 1, 266.0
1,040.3 1,124.1 1,117.8 1,144.4 1,151.5 1,142.9 1,159.9 1,210.1
52.1
51.3
56.5
53.8
46.3
47.9
51.1
55.9
41.3

47.0

46.5

48.0

48.8

50.0

148.5
52.8
95.7

160.8
55.7
105.1

158.8
55.0
103.9

161.6
55.3
106.3

166.5
57.9
108.7

170.2
58.1
112.2

8.4

11.9

9.7

11.1

12.0

51.1

52.3

7.2

173.7
58.2
115.6

176.4
58.5
117.9

1,146.5 1,236.6 1,225.0 1,254.7 1,264.4 1,246.4 1,267.2 1,327.2

821.2

827.1

823.1

804.0

780.0

783.6

816.9

824.1

819.8

800.0

777.7

780.8

805.2

753.1
725.8
27.4

733.8
706.3
27.5

741.4
712.7
28.7

736.6
708.0
28.6

716.5
690.8
25.7

666.0
27.5

696.0
669.6
26.5

720.0
691.2
28.8

18.5

18.9

18.9

18.8

18.9

19.1

19.1

64.8
21.0
43.7

65.2
21.0
44.3

65.7
20.9
44.8

66.0
20.9
45.2

839.2
833.9

18. 8

62.3
21.3
41.0

64.1
21.1
43.0

63.9
21.1
42.8

64.2
21.0
43.2

5.2

4.3

3.0

3.3

4.0

2.3

2.8

3.1

758.8

739.2

714.8

718.0

742.3

776.9

757.1

763.2

CURRENT BUSINESS STATISTICS

J.HE STATISTICS here update series published in the 1973 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. 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, 1969 through 1972 (1962-72 for major quarterly
series), annually, 1947-72; for selected series, monthly or quarterly, 1947-72 (where available). Series added or significantly revised after the 1973
BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively; certain revisions for 1972 issued too late for
inclusion in the 1973 volume appear in the monthly SURVEY beginning with the August 1973 issue. Also, unless otherwise noted, revised monthly
data for periods not shown herein corresponding to revised annual data are available upon request.
The sources of the data are given in the 1973 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and
are also listed alphabetically on pages 189-90. Statistics originating in Government agencies are not copyrighted and may be reprinted freely.
Data from private sources are provided through the courtesy of the compilers, and are subject to their copyrights.
1972

Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes areas shown in
the 1973 edition of BUSINESS STATISTICS

1973

1974

1973

1972

in | rv

Annual total

I

II

1975

1974
III

IV

i | ii

Til

IV

I

II

III

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
1 416. 3 1,430.9 1,416. 6

1,440.9 '1,503.6

895.8

913.2

938.6 ' 968. 8

136.1
56.2
60.4

120.7
43.7
57.8

124.9
46.8
57.9

130.6 ' 138. 6
49.4 ••55.2
60.7 '61.9

375.8
74.4
183 5
36.8

389.0
75.7
191.3
37.9

391.7
73.7
196.0
37.5

398.8
76.2
201.4
37.8

410.1 ' 422. 7
78.7 '81.2
204.8 '209.2
39.6 '41.8

352.4
49.2
122.2
25.0

363.8
51 7
124.9
25.6

376.2
54.6
127.7
26.5

383.5
56.0
130.9
27.1

389.5
57.0
134.1
28.1

397.9 ' 407. 5
59.5 '62.1
136.6 ' 139. 3
28.8 '29.7

224.5

210.5

211.8

205.8

209.4

163.1

148.1 ' 179. 1

195.5
141.9
49.3
92.6
53.6
53.0
28.9
24.0

193.6
145. 2
51.3
93.9
48.4
47.8
16.9
13.1

198.3
149.4
52.2
97.2
48.8
48.0
13.5
10.4

197 1
150 9
51 0
99.9
46 2
45.4
8.7
6.6

191.6
151.2
53.7
97.5
40.4
39.7
17.8
17.5

182.2
146.9
52.8
94.2
35.3
34.8
-19.2
-17.8

179.1 ' 184. 6
142.7
143.6
49.1 '49.6
93.6 '94.0
36.4 '41.0
35.6 '40.0
-31.0 '-5.5
-30.6 ' -7.2

6.7
103.7
96.9

9.3
113.6
104.3

11.3
131.2
119.9

-1.5
13S.5
140.0

—3.1
143.6
146 7

1.9
147.5
145.7

8.8
142.2
133.4

16.2 '12.2
136.0 ' 142. 0
119.8 ' 129. 8

276.9
105.3
73.3
171.6

286.4
108.4
75.3
177.9

296.3
111.5
75.8
184.8

304.4
114.3
76.6
190.1

312.3
117.2
78.4
195.1

323.8
124.5
84.0
199.3

331.6
126.5
84.7
205.1

338.1 ' 343. 5
128.4 ' 130. 5
84.8 '86.1
209.7 ' 213. 0

1,204.7 1,248.9 1,277.9 1,308.9 1,344.0 1,358.8

1,158.0

1,294.9

1, 397. 4

1,169.3

729.0

805.2

876.7

736.8

757. 2

781.7

799.0

816.3

823.9

840.6

869.1

901.3

Durable goods total 9
- -.-do
Automobiles and parts
do..
Furniture and household equipment... do

118.4
53.1
48.7

130.3
57.5
55.0

127 5
49.7
58.8

121.2
55.3
49.3

124.3
56.4
50.7

132.4
60.4
54.3

132.1
59.2
54.9

132.4
59.3
55.5

124.3
51.2
55.4

123.9
48.0
57.5

129 5
50.6
59.5

Nondurable goods, total 9
Clothing and shoes
Food and beverages
Gasoline and oil
.-

do
do
do
do

299.7
63.0
143.7
25.0

338.0
70.2
165.1
28.3

380.2
74.1
187 7
35.9

302.0
63.7
144.7
25.1

310.9
66.0
148.5
25.8

323.3
69.1
155.9
26.8

332.7
70.1
160.9
28.0

343.8
70.6
169.1
28.7

352.1
70.9
174.5
29.8

364.4
72.8
180.1
31.5

Services total 9
Household operation
Housing
Transportation

do
do
do
do__ .

310.9
43.3
107.9
21.8

336.9
47.3
116.4
23.4

369.0
52.9
126.4
26.1

313.6
43.9
108.9
21.9

322.0
45.5
110.7
22.3

325.9
45.6
113.1
22.8

334.2
46.6
115.6
23.1

340.1
48.3
117.0
23.6

347.4
48.7
119.7
24.1

Gross private domestic investment, total .do.. .

179.3

209.4

209.4

182.1

190.2

199.0

205.1

209.0

Fixed investment
do .
Nonresidential
do
Structures
.
.. ..
..do
Producers' durable equipment
do
Residential structures
... ..do
do
do

170.8
116.8
41.1
75.7
54.0
53.4
8.5
7.8

194.0
136.8
47.0
89.8
57.2
56.7
15.4
11.4

195.2
149.2
52.0
97.1
46.0
45.2
14.2
11.9

171.9
117.5
40.6
76.8
54.5
53.9
10.2
9.6

179.2
122.5
42.2
80.3
56.7
56.2
11.0
10.4

189.0
130.5
44.6
85.9
58.5
58.0
10.0
6.5

194.4
135.6
46.2
89.4
58.7
58.4
10.7
7.7

197.1
139.0
47.9
91.1
58.1
57.6
11.8
7.4

do..
do
do..

-6.0
72.4
78.4

3.9
100.4
96.4

2.1
140.2
138.1

-4.8
73.3
78.1

-5.3
78.5
83.8

-.8
88.8
89.5

.5
95.4
94.9

255.7
104.9
74.8
150.8

276.4
106.6
74.4
169.8

309.2
116.9
78.7
192.3

255.1
102.7
72.6
152.4

262.6
105.2
74.7
157.4

269.0
106.4
75.0
162.6

273.3
106.2
74.0
167.1

Gross national product totalf

bil. $

Personal consumption expenditures, total.. do

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

.

do
do
do
do
do
do

Change in business inventories
Durable goods
Nondurable goods

do
do
do

1,149.5 1,279.6
535. 2
607.3
214.3
240.9
321.0
366.5
488.1 534.4
126.1 137.8
8.5
7.1
1.4

15.4
9.4
6.0

792.5

1,383 8

1,383.2 1,159.1 1,193.7 1,238.9 1,267.2 1,297.0 1,315.1 1,341.9 1,370.3
656.1
556.2
585.8 600.9 618.0 624.7 635.0 651.3
541.0
249.2
243.9 240.6 242.3 248.5
223.6 237.8 241.2
218.3
374.2 384.1 392.8 402.9
406.9
322.7 332.6 347.9 359.7
590.3
569.7 579.2
528. 3 540.2 553.2
492.4 506.5 516.0
137.1 139.7
136.8
137.1 138.0
130.9
138.8 137.2
125.6
16.9
8.7
8.2

1,407.6 1,413.1 1,435.8 1,471.9
673.0 664.8 686.1 711.5
261.7
252.9
259.8 246.2
433.2
449.8
413.2
418.6
635.3
620.9
597.8 614.5
125.2
128.8
133.9
136.7

'1,509.1
' 730. 0
' 268. 7
461.3
' 648. 8
' 130. 3

14.2
7.7
6.5

10.2
6.8
3.4

11.0
13.2
-2.2

10.0
6.1
3.9

10.7
7.7
3.0

839.2

821.2

798.1

814.2

832.8

837.4

840.8

845.7

552.1

539.5

531.2

542.2

552.9

553.7

555.4

546.3

113 6
228 6
209 9

103 1
223 7
212 6

106 8
221 3
203 0

110 1
225 4
206 6

117 2
228 7
207 1

115 7
228 3
209 7

114 3
230 0
211 2

107 2
227 4
211 7

138.1

126.7

126.6

130.9

134.4

136.3

135.8

127 1
92 2
35 0
7.3

128 4
94 3
34 1
7.8

127 7
95 1
32.6
8.0

9.1
7.3
14.0 '12.1
11.6
8.2
11.5
7.9
3.5
5.8
1.4
149.2 ' 150. 1
146.3
147.7
145.9
145.8
146.0
145.7
144. 1 143.9 143.7
57.4
57.0
58.3 '58.9
56.5
56.3
56.3
56.4
56 2
57 7
58 9
91.2
90.2
89.3
90.9
89.4
89.5
87.5
89.7
89.3
86.2
85.2
Revised data for national income and product and personal income customarily published
in July issues of the SURVEY have been postponed until later; see box note on p. 10 of the Oct.
1975 SURVEY.
9 Includes data not shown separately.

11.8
9.0
2.9

13.5
-1.8
15.4

8.7
5.7
3.0

17.8
18.3
-.5

-19.2
-13.4
-5.7

830.5

827.1

823.1

504.0

780.0

783.6 ' 808. 3

539.7

542.7

547.2

528.2

531.5

539.7 ' 548. 6

105 2
223 9
210 6

106.8
223.6
212.2

107.8
225.8
213.7

92.8
221.4
214.1

95.2
222.5
213.7

97.9 ' 103. 2
226.4 ' 228. 1
215.5 ' 217. 3

145.8

133.3

130.3

122.7

120.5

89.3

125 8
96 0
29.8
20.0

122 7
96.3
26.4
10.6

122.2
96.5
25.7
8.2

117.7
94.1
23.6
5.0

109.6
89.2
20.4
10.9

101.0
83.8
17.3
-11.7

28.9
14.8
14.1

-31.0
-14.7
-16.3

' -5.5
'-9.2
'3.7

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

bil.$..

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

.

. do. .. 104 9
do
220 2
do
202 2

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

527.3

125.0

do
do
do
do

118 0
83 7
34 3
7.0

127 3
94 4
32*9
10.8

118 0
94 0
24 0
8.7

118 1
83 8
34 3
8.5

122 0
87 2
34 8
8.8

do

—3 0

46

90

—1 4

—1.9

Govt. purchases of goods and services, total, do
143.0
141.8
143.1 144.4
146.0
Federal
do
59 2
61 0
57 3
59 5
56 5
State and local
do
82.1
83.8
82.4
87.0
89.5
r
Revised.
f Preliminary.
fRevised series. Estimates of national income and product
and personal income have been revised back to 1971 (see p. 11 ff. of the July 1974 SURVEY);
revisions prior to May 1973 for personal income appear on pp. 22-23 of the July 1974 SURVEY.




80.7

'97.5

97.8 '99.8
80.4
80.3
'19.4
17.5
-17.1 ' -2.3

S-l

SURVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated in footnotes below, data
through 1972and descriptive notes areas shown in
the 1973 edition of BUSINESS STATISTICS

1972

1 1973

1974

1

1972

IV

Annual total

November 1975

1973

I

II

1974

III

IV

I

II

1975

IV

III

I

II

III

IV

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
Imp icit price deflators:!
Gross national product.
Index, 1958=100.. 146. 12
138.2
Personal consumption expend tures _ do
Gross private domestic investment:
144.8
Fixed investment
do
Nonresidential
do
139.6
157.4
Residential structures
do
178.6
Govt. purchases of goods and services
do

170. 18
162.5

147. 96
139.7

149.95
141.4

152. 61
144.3

155. 67
147.0

158.93
150.8

163. 61
155.8

167.31
160.2

172.07
164.7

177.97
169.6

181.62
171.8

183. 88
173.9

186. 02
176.6

152.4
144.9
174.0
191.5

165.3
158.7
191.4
211.8

146.9
140.5
162.8
183.6

148.7
141.7
167.1
186.7

151.4
143.9
172.1
189.9

154.3
146.1
178.1
192.6

155.4
147.9
179.7
196.5

157.8
150.7
183.8
202.9

162.3
154.9
190.0
208.8

167.5
160.4
195.9
214.1

174.9
169.6
197.9
221.4

180.4
175.4
204.3
224.6

183.2
177.7
208.2
226.5

185.0
178.7
210.9
228.9

1,051.2 1,077.3 1,106.3

1,118.8

1,165.4 1.150.7 1,175.4

1,227.0

1,130.2 1,155.5

bil. $

946.5

1,065.6

1,142. 5

987.0

1,027.6

do

National income total t

707.1

786.0

855.8

732.9

759.1

776.7

793.3

814.8

828.8

848.3

868.2

877.7

875.6

885.4 r 906. 6

do
do
do ..
do
do

626.8
491.4
20.5
114.8
80.3

691.6
545.1
20.6
126. 0
94.4

750.7
592.4
21.2
137.1
105.1

649.6
508.7
21.2
119.7
83.4

667.6
525.0
20.8
121.9
91.5

683.6
538.7
20.3
124.5
93.1

698.2
550.8
20.2
127.2
95.1

717.0
565.8
21.0
130.2
97.7

727.6
573.8
21.0
132.8
101.2

744.6
588.3
20.9
135.4
103.7

761.5
602.5
20.8
138.2
106.7

769.2
605.1
22.0
142.1
108.6

765.1
597.4
22.0
145.7
110.5

773.0 ' 791. 4
601.9 ' 617. 5
21.9 '21.9
149.2
152.0
112.4
115.2

do
do
do
do ..

75.9
54.9
21.0
25.9

96.1
57.6
38.5
26.1

93.0
61.2
31.8
26.5

80.1
56.1
24.0
26.7

89.1
57.0
32.1
26.3

92.8
57.1
35.6
25.7

99.3
57.7
41.5
26.2

103.2
58.4
44.9
26.4

98.4
59.3
39.1
26.4

89.9
60.7
29.1
26.3

92.1
62.3
29.8
26.6

91.6
62.5
29.1
26.8

84.9
62.7
22.2
27.0

92.2

105.1

105.6

99.8

103.9

105.0

105.2

106.4

107.7

105.6

105.8

103.4

94.3

104.9 P 122. 5

17.6
74.5
40.8
19.0
21.8

19.6
85.5
47.6
21.5
26.1

20.8
84.9
47.0
30.0
17.0

18.3
81.5
45.1
20.0
25.1

18.7
85.2
48.6
20.9
27.6

19.4
85.6
48.4
21.5
26.9

19.8
85.4
47.1
21.4
25.7

20.4
86.0
46.4
22.1
24.3

20.8
87.0
46.2
26.9
19.3

20.7
84.9
46.8
29.7
17.1

20.7
85.1
48.6
33.3
15.3

20.9
82.5
46.3
30.1
16.2

20.7
73.6
41.1
27.3
13.8

20.8 P20.1
84.1 P 102. 4
48.3
30.4
18.0

9.2
24.6

9.2
28.7

7.8
30.1

9.9
26.6

9.4
27.2

8.8
28.4

9.5
28.8

9.2
30.3

7.1
33.7

8.0
30.1

8.6
28.0

7.5
28.7

6.8
25.7

8.1
27.8

.do..
do
do
do
do

99.2
41.5
57.7
27.3
30.3

122.7
49.8
72.9
29.6
43.3

140.7
55.7
85.0
32.7
52.4

108.2
45.2
63.1
28.2
34.9

120.4
48.9
71.5
28.7
42.8

124.9
50.9
74.0
29.1
44.9

122.7
49.9
72.9
29.8
43.1

122.7
49.5
73.2
30.7
42.5

135.4
52.2
83.2
31.6
51.6

139.0
55.9
83.1
32.5
50.5

157.0
62.7
94.3
33.2
61.1

131.5
52.0
79.5
33.3
46.2

101.2
39.0
62.3
33.8
28.5

113.3 p 134. 1
43.0 P51.9
70.3 P82.2
34.0
34.5
36.3 *>47.7

do
do

-7.0
45.6

-17.6
52.3

-35. 1
61.6

-8.4
47.5

-16.5
49.2

-20.0
51.1

-17.5
53.2

-16.3
55.5

-27.7
57.5

-33 4
60.1

-51.2
62.8

-28.1
65.9

-7.0
68.9

-8.4 '-11.7
71.9
75.9

bil. $.
do
do
do
do

944.9
142.4
802.5
749.9
52.6

1,055.0 1,150.5
151.3
170.8
903.7
979.7
829.4
902.7
74.4
77.0

bil. $.
do.
do
do

88.44
31.35
15.64
15.72

99.74
38.01
19.25
18.76

112.40
46.01
22.62
23.39

25.20
9.38
4.77
4.61

21.50
7.80
3.92
3.88

24.73
9.16
4.65
4.51

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

Compensation of employees, total
Wages and salaries, total ..
Private
Military
Government civilian
Supplements to wages and salaries
Proprietors' income total 9
Business and professional 9
Farm
Rental income of persons

154. 31
145.9

-

Corporate profits and inventory valuation adjustment total
bil $
By broad industry groups:
Financial institutions
do
Nonflnancial corporations total
do
Nondurable goods industries
Durable goods industries

do
do

Transportation, communication, and public
utilities
bil. $..
All other industries
do
Corporate profits before tax, total
Corporate profits tax liability
Corporate profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Net interest

86.1
63.4
22.7
27.1

94.6
64.7
29.9
27.4

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§

985.0 1,013.6 1,039.2 1,068.0 1,099.3 1,112.5 1,134.6 1,168.2 1,186.9 1,193.4 1,220.5 '1,255,2
142.0 r 175. 6
178.0
178.1
175.1
168.2
147.2
154.2
159.9
144.1
161.9
147.0
993.1 1,008.8 1,015.5 1,078.5 '1,079.6
939.4
892.1
913.9
966.5
950.6
838.1 869.5
964.7 ' 995. 0
922.3 939.5
927.6
822.5
850.1
894.9
840.7
866.2
779.2
804.2
113.8
75.9
'84.6
86.5
65.5
73.2
89.3
69.6
71.5
84.4
65.3
58.9

NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries . _
Manufacturing
Durable goods industries ^
Nondurable goods industries 1
Nonmanufacturing
Mining. _
Railroad
Air transportation.
Other transportation
Public utilities
Electric
Gas and other.
Communication
Commercial and other

57.09

61.73

66.39

15.83

13.69

15.57

15.42

17.05

14.61

16.89

16.61

18.29

14.98

16.28

16.22

17.58

do
do...
do
do

2.42
1.80
2.46
1.46

2.74
1.96
2.41
1.66

3.18
2.54
2.00
2.12

.63
.47
.63
.40

.63
.46
.52
.32

.71
.46
.72
.43

.69
.48
.57
.44

.71
.56
.60
.47

.68
.50
.47
.34

.78
.64
.61
.49

.80
.64
.43
.58

.91
.78
.48
.71

.91
.59
.44
.62

.97
.71
.47
.77

.91
.60
.51
.72

.99
.66
.43
.62

do
do...
...do..do...
do..-

17.00
14.48
2.52
11.89
20.07

18.71
15.94
2.76
12.85
21.40

20.55
17.63
2.92
13.96
22.05

4.74
4.01
.73
3.39
5.57

3.95
3.45
.50
2.87
4.94

4.59
3.91
.68
3.27
5.40

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

5.24
4.34
.90

5.64
4.70
.94

28.24

29.25

91.94
33.64
16.86
16.78

96.19
35.51
17.88
17.63

97.76
36.58
18.64
17.94

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 i 113. 48 i 113.70
48.78 48.13 48.00
22.59
21.83 21.80
26.30 26.20
26. 19

58.30

60.68

61. 18

62.09

63.12

64.31

66.08

66.94

68.14

65.52

63.68

65.35

65.70

2.77
1 75
2.72
1.62

2.82
1.95
2.49
1.79

2.76
2.05
2.20
1.73

2.80
2.10
2.13
1.63

3.07
2.42
2.21
1.84

3.27
2.68
1.84
2.16

3.56
3.05
1.81
2.71

3.76
2.39
2.09
2.82

3.78
2.70
1.60
2.75

3.68
2.67
2.18
2.64

3.89
2.56
1.65
2.56

do

Seas. adj. qtrly. totals at annual rates:
All industries

do

Durable goods industries ^

do

Nonmanufacturing
Mining
Other transportation

do
do

2.46
1.71
2.33
1.42

2.59
2.11
2.21
1.53

do
18.38
17.53
Public utilities
do
15.40
14.67
Electric
do
2.98
2.86
Gas and other
.do.. .
12.34
12.63
Communication
do...
21.53
20.21
Commercial and other
do
r
Revised.
» Preliminary.
1 Estimates (corrected for systematic biases) for JulySept, and Oct.-Dec. 1975 based on expected capital expenditures of business. Expected
expenditures for the year 1975 appear on p. 28 of the Sept. 1975 SURVEY.
« Includes communication.
fSee corresponding note on p. S-l.
9 Includes inventory valuation




^28.08 131.18
11.86
13.60
5.36
6.17
6. 40
7.43

19.52
20.48 20.66
20.93 20.28
20.16
20.97
20.12
19.80
18.58
18.08
16.41
17.38
17.30
17.76
17.03
17.47
18.10
16.72
16.00
17.12
15.55
3.29
3.17
3.18
3.11
3.25
2.68
2.87
3.08
3.00
2.52
2.58
14.04
12.50
13.36
14.01
13.94
13.12
13.24
13.83
12.70
22.04
20.83 "2 33" 69 234.38
20.82
22.84
21.63
21.36
21.35
21.69
21.55
ePers onal out lays com prise pe rsonal c(mstimpt; on expenditures interest
adju stment.
paid by constimers, arid person al transfe r payme nts to for eigners.
§P ersonal saving is excess o f disposal)le iiicom e over p ersonal o utlays.
HI)ata for ndividuEi durabl e and noiidnrable goods in dustries compone nts appe ar in the
Mar , June, Sept., ancI Dec. issues of th() SURVElr.

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