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

November 1976

NATIONAL INCOME AND PRODUCT TABLES
1975
1974

II

1975

1975

1976

III

I

IV

II

III*

1974

1975

II

III

1976

I

IV

II

III *

Seasonally adjusted at annual rates

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 1,708.4 1,214.0 1,191.7 1, 177. 1 1, 209. 3 1,219.2 1, 246. 3 1, 260. 0

...

Change in business inventories
Nonfarm_ _. .
Farm

_

Net exports of goods and services
Exports
Imports

.-

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

800.7

808.6

815.7

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

155.0
434.8
474.9

157.6
441.8
489. 1

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. 2
318.9
370.6

183 7

164 4

196 7

201 4

229 6

239.2

247 0

182 0

137 8

126 2

148.7

147 0

167.1

171.7

175.2

198 3

194.3

198.6

205.7

214.7

223.2

231.9

173.5

149.8

147.4

149.7

152.5

156.7

160.6

165.0

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

163. 0
56 0
107.0

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

117.5
38.4
79.2

51 2
49 0
.8
13

48 6
46 7
.6
13

52 6
50 2
1.0
1 4

57 0
54 2
1.4
14

61 3
58 6
1.2
15

65 3
62.9
.9
15

68.9
66.3
1.0
16

45 0
42 9
.8
13

38 4
36.6
.6
12

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

47.4
45.5
.7
1.3

—14 6
— 17.6
30

—30 0
—31.2
12

—2 0
—4.2
2 2

—4 3
—9 5
52

14 8
12.7
22

16 0
17 3
—1 3

15 1
15.6
— 5

85
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

10.2
10.5
-.3

7.5

.

783.9

10 7
12.2
—1 5

...

775.3

55 1
52 7
1.0
13

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

767.5

149 2
54 1
95 1

-

770.3

20.5

24.4

21.4

21.0

8.4

9 3

3.4

16.5

22.6

24.3

22.8

23.1

16.6

16.0

15.3

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 3
162 9

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
82.2

303.3

339.0

333.2

343.2

353.8

354.7

362 0

369 6

256.4

261.0

259.1

262.4

265.2

263.6

265.5

111 6
77 3
34 3
191.6

Nonresidential
Structures
Producers' durable equipment

759.1

204.3

.- - .

987.3 1,012 0 1, 043. 6 1, 064. 7 1,088.5

144 4
136 9

._

960 3

215 0

Gross private domestic investment

973 2

121 6
376.2
389 6

Durable goods
Nondurable goods
Services
Fixed investment

1,271.7

887.5

Personal consumption expenditures _

124
84
40
214

122.4
83 4
39 0
210.9

124.6
84 6
40 0
218.6

130
87
43
223

129.2
86 2
42 9
225.5

131 2
86 9
44 2
230 9

134
88
46
235

95.3

95.7

95.3

95.6

97.2

95.4

96.0

97.3

161.1

165.2

163.8

166.9

168.0

166.6

167.7

168.2

4
3
1
5

4
1
2
4

5
5
0
0

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 1 708 4 1 214 0 1 191 7 1 177 1 1 209 3 1 219 2 1 246 3 1 260 0 1, 271.

Final sales
Change in business inventories

1 402 5 1 531 0 1 512 3 1 550 6 1 592 5 1 621 4 1
10.7 —14 6 —30 0 —2 0 —4 3
14 8
639 7 681 7 661 0 703 5 719 7 742 3
629 0 696 3 691 0 705 4 724 0 727 5
10 7 — 14 6 —30 0
20
43
14 8
247 2 254 4 24g 5 265 0 270 0 282 7
240 2 266 5 263 8 272 0 280 6 286 3
7 1 — 12 1
15 3
70
10 6
36

Goods
Final sales
Change in business inventories
Durable goods
..
Final sales
Change in business inventories
Nondurable goods
Final sales
Change in business inventories

392 4
388 9
36

412 5
427 2
— 14 7

438 4
433 4
50

449 7
443 3
63

626 6
146 9

Services
Structures

427 3
429 8
—2 6
692 5
142 l

684 2
137 1

700 2
145 0

719 5
149 1

459 6
441 1
18 5
742 6
151 3

659 2 1 693 3 1 205 5 1 203 7 1 198 2 1 210 2 1 224 7 1 235 9 1 248 8 1 261
10
10 4
11 1
8 5 — 12 0 —21 2 — 1 0 —5 5
15 1
16 0
579
758 4 766 1 552 9 532 6 522 5 546 0 549 9 569 5 576 0
568
742 4 751 0 544 4 544 7 543 7 547 0 555 4 559 1 564*8
10 4
10
11 1
12 0
21*2
15 1
85
1 0 —5 5
16 0
200 1
21l' 9
11 9

212 1

46

213 4
220 7
74

221 9
224 3
24

230 5
29g 7
38

234
230
4

328 8
325 8
30

204 7
214 1
94
327 9
330 6
27

322 4
331 7
q3

3339
9
330
37

336 6
334 7
19

347 6
334 8
12 8

345 5
338 2
73

344
338
5

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
111

301 2
995 g
54

308 2
301 4
68

224 1
218 6
55

457 1
446 6
10 6

457 9
449 6
83

759 6
157 3

780 1
162 2

21Q 8

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

1 413 2 1 516 3 1 482 3 1 548 7

Gross domestic product
Business
...
Nonfarm
..
Nonfarm less housing
Housing
_
Farm
Statistical1 discrepancy
Residual
Households and institutions
Government
Federal. .
State and local

I KOQ O

1 636 2 1 675 2 1 708 4 1 914 0 1 1Q1 7 1 177 1 1 209 3 1 219 2 1 246 3 1 260 0

1 271 7

1 398 7 1 505 7 1 471 7 1 537 4 1 577 11 623 2 1 662 8 1 696 11 206 9 1 186 8 1 172 2 1 204 0 1 214 11 240 4 1 254 3 1 266 2

.

Rest of the world

_
.

.

1 192 4 1 277 5 1
1 137 3 1 222 8 1
1 029 8 1 105 0 1
107 4 ' 117 8
48 5
50 3
66
44

246 4 1 306 8 1
1Q7 4 1 246 7 1
081 0 1 127 8 1
116 4
118 Q
49 0
55 0
1
51

340 4 1 380 7 1
279 6 1 324 8 1
157 6 1 199 8 1
125 0
122 0
54 8
48 7
6 1
7 2

989
956
854
101
34

9 1 020 8 1 030 2 1 055 1 1 068 0
6
983 0
994 1 1 018 0 1 031 5
925 0
912 9
880 1
890 0
6
106 5
105 1
104 0
109 9
9
34 3
34 9
36 0
34 2
6

1 078 2
1 040 4
'932 9
107 5
35 0

13

1 8

1 9

2 8

1.6

2.8

44 7

49 7

49 0

50 4

51 5

53 3

54 8

57 0

38 2

38 5

38 4

38 5

38 8

39 8

40 4

41 5

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

14 5

10 6

10 6

11 3

H i

13 0

12 A.

12 3

7 0

4 S

4 8

5 3

5 1

56

55

"Third-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.




415 5 1 443 1 1 027 3 1 004 1
354 7 1 385 8
987 7
968 1
865 7
226 5 1 254 5
889 5
131 2
102 4
98 9
128 2
p>5 Q
34 1
50 0
32 0
7 4
5 8
7 5
18

K

Q

NOTE.—Table 2: "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 basis
and is based on the 1967 Standard Industrial Classification.

CURRENT BUSINESS STATISTICS

_LHE STATISTICS here update series published in the 1975 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CUERENT 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 areas shown in
the 1975 edition of BUSINESS STATISTICS

1975

1 1974

1973

III

1974

IV

Annual total

i | n

1975
III

IV

I

II

1976

III

IV

I

II

III'

Seasonally adjusted quarterly totals at annual rates

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

bil.$

1,306.6 !,413.2

1,588.2

1,636.2

1,675.2 1,708.4

1, 516. 3

1,317.5

1,355.1

1,372.7

1,399.4

1,431.6

1,449.2

1,446.2

1,482.3

Personal consumption expenditures, total.. do

809.9

887.5

973.2

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 1,088.5

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

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

' r157. 6
71.7
' 62. 9

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

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

'441.8
' 75. 9
' r225. 2
41.6

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

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

' 489. 1
'72.8
167.8
37.8

Gross private domestic investment, total.— 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

' 247. 0

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
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

'231.9
' 163. 0
'56.0

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

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

r
3.4
9.3
160.3 r 166. 3
151.0 ' 162. 9

269.5
102.2
73.5
167.3

303.3
111.6
77.3
191.6

339.0
124.4
84.3
214.5

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
266.5
429.8
692.5
142.1

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
210.2
402.6
652.8
143.8

1,468.4
664.8
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

1,621.4
727. 5
286. 3
441.1
742.6
151.3

17.9
10.9
7.0

10.7
7.1
3.6

-14.6
-12.1
-2.6

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
-15W.4
-6.8

-30.0
-15. 3
-14.7

-2.0
7 0
5.0

-4.3
-10.6
6.3

14.8
3 6
18.5

bil. $.. 1,235.0

Services total 9
Household operation
Housing
__
Transportation

-

.

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

do
do
do
do

..

do
.do
do...
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:!
Final sales, total.. _
Goods, total
Durable goods
Nondurable goods
Services
Structures
Change in business inventories
Durable goods
Nondurable goods

do
do
do

1,548.7

r 107. 0

' 68.9
' 15.1
' 15. b

' 369. 6
r 134. 5

- 88.5
' 235. 0

1,659.2 1,693.3
742.4 ••751.0
295.8 r 301. 4
446.6 r 449. 6
759.6
780.1
157.3 ' 162. 2
16.0
5.4
10.6

' 15. 1
6.8
r8.3

GNP in constant (1972) dollarsf
1,260.0 1,271.7

1,214.0

1,191.7

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

1,246.3

767.7

759.1

770.3

770.4

765.9

761.8

761.9

764.7

748.1

754.6

767.5

775.3

783.9

800.7

808.6

r 815. 7

do
do
do

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

115.1
306.8
353.4

118.0
309.5
356.4

124.3
314.6
361.8

125.2
317.6
365.8

'126.2
' 318. 9
' 370. 6

Gross private domestic investment, total. ..do

207.2

182.0

137.8

204.9

211.8

194.8

187.9

176.2

169.1

129.3

126.2

148.7

147.0

167.1

171.7

' 175. 2

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

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

152.5
110.5
41.9
-5.5

156.7
112.6
44.1
10.4

160.6
114.9
45.7
11.1

' 165. 0

18.4

14.9

14.9

17.7

20.1

24.3

22.8

23.1

16.6

16.0

' 15.3

Gross national product, totalf..

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

Fixed investment
Nonresidential
Residential
Change in business inventories
Net exports of goods and services

do
do .
do
do
do

7.6

16.5

22.6

9.3

12.9

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

252.5
96.6
155.9

256.4
95.3
161.1

261.0
95.7
165.2

251.8
95.2
156.6

252.0
94.3
157.7

r
Revised.
» Preliminary.
f Revised series, Estirmites of national income and
product and personal income have been revised ba ck to 197 3 (see p. 24 ff. of the July 1976




261.9
265.2
262. 4
256.1
259.1
2)7. 1
256.9
257.1
255.4
95.4
97. 2
95.6
95.3
94.7
95.4
95.8
94.8
95.3
166.6
168.0
166. 9
162.2
163.8
161.5
161.4
161.3
160.1
SURV EY); rev isions pr lor to IV [ay 1975 for perseHial incc me app 5ar on t .
9 In eludes faita for ite ms not s lown sef >arately.
1976 SURVEY.

r 117.5

'47.4
'10.2

263.6 ' 265. 5
' 97. 3
96.0
167.7 r 168. 2
33 of t he July

S-l

S-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

November 1976
1975

1974
I

II

III

IV

I

II

1976
IV

III

I

II

III'

IV

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCTf— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
Implicit price deflators :t
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. 4
133.4

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

140.6
138.7
145.3

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

139.2
138. 3
139.7

1,135.7 1,207.6

r 124. 9

138.5
r 132.

0

1,102.7

1,113.5

1,125.6

1,147.6

1,156.3

1,149.7

1,182.7

1,233.4

1,264.6

1,304.7

1,337.4 *>1,362.5

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
123.6

963.1
836.4
182.2
654.1
126.7

994.4
861.8
185.4
676.1
132.9

1,017.2 '1,037.5
881.1 ' 897. 8
188.7
191. ?
692.4 r 706. 1
136.2
139. 6

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

98. 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

'23.4

99.1

84.8

91.6

99.3

95.7

87.8

81.7

74.1

69.0

86.6

106.3

105.6

115.1

116.4 p 122.0

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
67.0
24.3

112.7
12.9
99.8
65.3
21.1

121.9
14.0
107.8
61.2
23.7

125.0 P 131.1
13.8
P 14.3
111.2 P 116.8
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

6.7
11.0

5.0
5.5

7.3
6.3

9.6
6.5

9.7
6.4

8.6
7.7

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
67.2
74.1
32.2
41.9

141.1
61.4
79.7
33.1
46.6

146.2 p 150.2
63.5 P 65.4
82.7 P 84.8
r
34.4
35.4
48.3 ^ 4 9 . 4

do
do
do

18 fi

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
76.8

-11.5
-14.5
78.6

-14.4
'-12.6
-15.4
-15.7
80.3 T 83. 5

1,153.3 1, 249. 7
170.4
168.8
982.9 1,080.9
910.7
996.9
72.2
84.0

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
167.4
969.5
901.6
67.8

1,172.5 1,194.1 1,203.1 1,230.3 1,265.5 1,299.7 1,331.3
142.2
183.8
174.5
174.0
179.8
178.3
179.3
998.0 1 015 8 1,023.8 1 088 2 1 091 5 1,119.9 1, 147. 6
983.6 1,011.1 1,036.2 1,068.0
930.4
935.0
956.7
79.5
104.5
80.5
83.7
67.6
67.2
80.8

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

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
Non financial total 9
do
Manufacturing, total 9
do
Durable goods
do
Transportation, communication, and
electric, gas, and sanitary serv
bil. $..
Rest of the world
do
Profits before tax total
Profits tax liability
..
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment _ _
/ Capital consumption adjustment
v Ngj; interest

1,064.6

9.5
6.8

p 6.5

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§

1,362.0 1,386.0
189.5
195.8
1,172.5 rl 190 9
1,089.6 1,114.3
r
82.9
75.8

b'l $
do
do
do
do

1,052.4
150.8
901.7
.831.3
70.3

bil $
do
do
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

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
12.66
5.61
7.05

i 30. 54
13.25
5.90
7.35

i 35. 05
15. 90
7.07
8.84

..

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

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

Public utilities
Electric
.
Gas and other
Communication
Commercial and other

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

29.87

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
3.82
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

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

19.80
16.72
3.08
13.24
21.35

20.12
17.12
3.00
13.83
21.69

20.97
18.10
2.87
13.94
21.63

20.16
17.47
2.68
14.01
22.84

20.93
17.76
3.17
14.04
22.04

20.28
17.03
3.25
13.36
20.82

19.52
16.41
3.11
12. 50
20.83

19.79
16.58
3.21
12. 95
20.34

20.91
17.92
3.00
12. 22
20.' 44

21.91
18.56
3.36
12.54
20.68

21.85
18.82
3.03
I 9 69
20.94

23.09
19.66
3.44

24.09
20.28
3.80

2 35. 02

2 36. 56

NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
Manufacturing
Durable goods industries 1
Nondurable goods industries H
Nonmanufacturing
Mining..
Railroad
Air transportation
Other transportation

'

Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing
Durable goods industries If
Nondurable goods industries 1 .
Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation
Public utilities
Electric..
Gas and other
Communication
Commercial and other
r

do
do
do
~ ~ "do " . . "
do

Revised.
p Preliminary.
i Estimates (corrected for systematic biases) for Julybept. 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.
fSee corresponding note on p. S-l.
9 Includes data for items not
snown separately.
0Personal outlays comprise personal consumption expenditures,




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

interest paid by consumers to business, and personal,transfer payments to foreigners (net)§Personal saving is excess of disposable income over personal outlays.
•IData 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