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SUEVEY OF CURRENT BUSINESS

December 1976

NATIONAL INCOME AND PRODUCT TABLES
1975
1974

1975

II

III

1976
IV

I

II

1975
III

1974

1975

II

III

Seasonally adjusted at annual rates

1976

IV

I

II

III

Seasonally adjusted at annual rates

Billions of current dollars

Billions of 1972 dollars

Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
1 413 2 1 516 3 1 482 3 1 548 7 1 588 2 1 636 2 1,675 2 1 709 8 1 214 0 1 191 7 1 177 1 1 209 3 1 219 2 1 246 3 1 260 0

Gross national product

887.5

Durable goods
Nondurable goods
Services

-..

973.2

960.3

987.3 1,012.0 1,043.6 1, 064. 7 1,088.5

121 6
376 2
389 6

Personal consumption expenditures. -

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

1 272 y

759.1

770.3

767.5

775.3

783.9

800.7

808.6

815 7

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

215 0

Fixed investment.

_.

Nonresidential
Structures -..
Producers' durable epuipment...
Residential
Nonfarm structures _
Farm structures
Producers' durable equipment
Change in business inventories
Nonfarm
.
Farm

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

204 3

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

149 2
54 1
95.1

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

55 1
52 7
10
1.3

51 2
49 0
8
13

48 6
46 7
6
13

52 6
50 2
10
1.4

57 0
54 2
1.4
1.4

61 3
58 6
12
1.5

65 3
62 9
.9
1.5

68 9
66 3
1.0
1.6

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
10
1.2

44 1
42 0
9
1.3

45 7
43 9
6
1.2

47 4
45 5
7
1.3

10 7
12 2
—1.5

Gross private domestic investment

—14 6
—17 6
3.0

—30 0
—31 2
12

—2 0
—4 2
2 2

—4 3
—9 5
5.2

14 8
12 7
2 2

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

20 5

24 4

21 4

21 0

8 4

9 3

4 7

16.5

22.6

24 3

22.8

23.1

16.6

16.0

15.7

144 4
136 9

148 1
127 6

142 9
118 5

148 2
126 8

153 7
132 7

154 1
145 7

160 3
151 0

167 7
163 0

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

98 0
82.3

Government purchases of goods and services . . . 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

261.9

263.6

265.5

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
86
42
225

131 2
86.9
44.2
230.9

134 5
88 5
46.0
235.0

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

Net exports of goods and services
Exports
Imports

Federal
National defense
Nondefense ..State and local..-

...

111 6
77 3
34.3
191.6

2
2
9
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 1,482.3 1, 548. 7 1,588.2 1, 636. 2 1,675.2 1,709.8 1,214.0 1,191.7 1, 177. 1 1, 209. 3 1,219.2 1, 246. 3 1,260.0

1,272.2

1 402 5 1 531 0 1 512 3 1 550 6 1 592 5 1 621 4 1 659 2 1 694 7 1 205 5 1 203.7 1 198.2 1, 210. 2 1, 224. 7 1, 235. 9 1,248.8
10.4
11.1
-5.5
-1.0
10.7 —14 6 —30 0
8 5 — 12.0 —21 2
16 0
15 1
—2 0
14 8
—43

Gross national product
Final sales
Change in business inventories

1, 262. 0
10.2

Goods
Final sales
Change in business inventories

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

766 1
751.0
15.1

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

579.1
568.9
10.2

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
5.4

308.2
301.4
6.8

224 1
218 6
5.5

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

234.6
230.0
4.6

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

457 9
449.6
83

328 8
325.8
30

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

344.5
338.9
5.6

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

781.5
162.2

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

582.1
lll.C

Services
Structures

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

1,413 2 1 516 3 1 482 3 1 548 7 1 588 2 1 636 2 1 675 2 1,709 8 1,214.0 1,191.7 1,177.1 1, 209. 3 1,219.2 1, 246. 3 1, 260. 0

1, 272. 2

1, 398. 7 1,505.7 1,471 7 1,537.4 1,577 1 1, 623. 2 1,662.8 1,696.1 1, 206. 9 1,186.8 1,172.2 1, 204. 0 1,214.1 1,240.4 1,254.3

1, 266. 2

1 192 4 1 277 5 1 246 4 1 306 8 1 340 4 1 380 7 1 415 5 1, 443. 1 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 1, 384. 4
865.7
1,029 9 1, 105 0 1 081 0 1, 127. 8 1 157 6 1, 199. 8 1, 226. 5 1, 253. 1 889.5
102. 4
131.2
98.2
128.2
107.4
118.9
125.0
117.8
122.0
116.4
34.1
32.0
50.0
55.0
55.0
48.5
49 0
54.8
48.7
50.3
9
1
87
66
4 4
51
6 1
7
58
1.8
7.5

1.8

1.9

2.8

1.6

3.8

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

11 1

13 0

12.4

13.7

7.0

4.8

4.8

5.3

5.1

5.9

5.6

6.0

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 satistical discrepancy deflated
by the implicit price deflator for gross domestic business product.




989.9 1, 020. 8 1, 030. 2 1, 055. 1 1, 068. 0 1, 078. 2
994.1 1,018.0 1, 031. 5 1, 039. 4
983.0
956. 6
931.8
925. 0
912. 9
880.1
890. 0
854. 6
107.5
106. 5
105.1
104. 0
102. 9
101.9
35.0.
34.9
34.2
34.3
36.0
34.6

-1.3

NOTE.— Table 2: "Final sales" is classified as durable or nondurable by type of product.

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 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

1974

1975

1973
III

Annual total

I

|

II

1976

1975

1974
IV

| III

IV

I

II

III

IV

I

II

| III

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 ••1,709.8

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

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

123 7
65.2
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

157.6
71.7
62.9

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

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
225.2
41.6

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

bil.$__ ,306.6 1,413.2

Gross national product, totalt

Services, total?
Household operation
Housing
.,_
Transportation
._

do
do
do
do

do_.
do
do
.. _. do _

.

1,548.7

1,088.5

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

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
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
107.0

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

68.9
15.1
15.6

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
'4.7
160.3 ' 167. 7
151.0 ' 163. 0

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 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
351.3
do ..
do
560 5
do
147.2

14025
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

1,512.3 1,550.6
705.4
691.0
263.8
272.0
427.2
433.4
700.2
684.2
145.0
137.1

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 i
36

—14.6
—12 1
—2 6

15 4
11 8
36

29 0
12 1
16 9

12 6
66
6 0

13.0
2 2
10.8

7.3
51
2.3

9.7
14 5
—4.7

-22.2
—15.4
-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.S.. 1,235.0

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

759.1

770.3

761.8

761.9

764.7

748.1

754.6

775.3

783.9

800.7

808.6

815.7

125.2
317.6
365.8

126.2
318.9
370.6

Gross private domestic investment, total.. .do
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:!
Final sales total
Goods, total
.
Durable goods
.
Nondurable goods
Services
Structures
. .

.
..
-

Change in business inventories
Durable goods
Nondurable goods .
....

do .
do
do

1 3600 1 386 4 1 424 2 1 439 4 1,468.4
664.8
621.9
642 8
608 4
643 0
249.5
240.2
247.6
232 3
240.6
415.3
395.4
402.6
376 1 381.3
666.3
652 8
605 1 614 6
633 8
137.2
143.8
147.4
150.0
146 5

369.6
134.5
88.5
235.0

1,659.2 1,694.7
742.4
751.0
301.4
295.8
446.6
449.6
759.6 «• 781. 5
162.2
157.3

16.0
5.4
10.6

15.1
6.8
8.3

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

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

do
do.
do

Gross private domestic investment, total.. .do

767.7

770.4

765.9

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

115.1
306.8
353.4

118.0
309.5
356.4

124.3
314.6
361.8

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

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
117.5
47.4
10.2

16.6

16.0

'15.7

Fixed investment
Nonresidential
Residential
Change in business inventories

do
do
do
do

190 7
131 0
59 7
16.5

173.5
128 5
45 0
8.5

149 8
111 4
38 4
-12.0

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

Net exports of goods and services

do

7.6

16.5

22.6

9.3

12.9

18.4

14.9

14.9

17.7

20.1

24.3

22.8

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

1,246.3 1,260.0 1,272.2

252.5
96.6
155.9

256.4
95 3
161.1

261.0
251.8
252.0
95 7
95 2
94 3
165.2
156.fi
157.7
r
Revised.
f Preliminary.
f Revised series. Estimates of national income and
product and personal income have been revised back to 1973 (see p. 24 ff. of the July 1976

23.1

265.5
263.6
262.4
259.1
256.1
257.1
256.9
257.1
255.4
97.3
96.0
95.6
95.3
95.4
94.8
95 8
94 7
95 3
168.2
167.7
162.2Z 163.8S 166.9y
160.1
161.4
161.3
161.5
.DU. 1
101.4
101. 6
101. 0
10Z.
IOCS.
100.
SURVEY); revisions prior to May 1975 for personal income appear on p.33 of the July
1976 SURVEY.
9 Includes data for items not shown separately.
265.2
97.2
168.0
iuo. v

261.9
95.4
166.6

S-l
2 2 5 - 6 4 0 0 - 77 - SI




SURVEY OF CURRENT 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

1975

II

1976

1975

1974

Annual total

December 1976

III

III

IV

IV

1977

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

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

134.40
133.4
124.9
138.5
132.0

106.0
103.8
110.8

117.7
116.1
122.3

132.4
132.1
133.2

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

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

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

846.3
739.7
155.5
584.2
106.6

866.3
756.7
158.1
598.6
109.6

888.8
775.6
161.1
614.4
113.3

901.8
786.0
166.7
619.3
115.8

904.0
785.8
170.0
615.7
118.2

912.9
792.8
173.8
619.0
120.1

935.2
811.7
177.3
634.4
123.5

963.1
836.4
182.2
654.1
126.7

994.4
861.5
185.4
676.1
132.9

1,017.2
881.1
188.7
692.4
136.2

1,037.5
897.8
191. ?
706.1
139. 6

92 4
32 0
60.4

86.9
25.8
61.1

90.2
24.9
65.3

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

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

95.7

87.8

81.7

74.1

69.0

86.6

105.3

105.6

115.1

116.4

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

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 r 130. 5
' 14.4
13.8
111.2 ' 116.0
67.2
66.4
29.6
30.7

8.3
6.8

6.0
11.2

7.9
6.2

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

10.7
'7.2

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

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

150.2
'65.1
'85.1
35.4
'49.7

do
do
do

National income totalf

-18.6
1.9
52. 3

-39.8
-3.0
67.1

-11.4
-11.5
74.6

-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

— 12 6
-15.7
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

1,109.7
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
174.5
178.3
179.3
998.0 1,015.8 1,023.8
930.4
935.0
956.7
67.6
80.8
67.2

1,230.3 1,265.5 1,299.7 1,331.3
142.2
183.8
174.0
179.8
, 088. 2 1,091.5 1,119.9 1, 147. 6
983 6 1 Oil 1 1,036.2 1,068.0
79.5
80.5
104.5
83.7

1,362.0
189.5
1,172.5
1,089.6
82.9

1,386. 0
195.8
1,190,'?
1,114.3
75.8

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
Manufacturing total 9
Durable goods
Transportation, communication,
electric, gas, and sanitary serv
Rest of the world

do
do
and
bil. $..
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

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§

bil. $
do
do
do
do

1,052.4
150.8
901.7
831.3
70.3

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

i 29. 07
12.62
5.65
6.96

99.74
38.01
19.25
18.76

112.40
46.01
22.62
23.39

112. 78
47.95
21.84
26.11

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 r 30. 41 ' i 35.26
12.66 ' 13. 48 ' 15. 88
5.61 '6.02 '7.19
'8.69
7.05 '7.46

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

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

do
do
. do
do
do

18.71
15.94
2.76
12.85
21.40

20.55
17.63
2.92
13.96
22.05

20.14
17.00
3.14
12.74
20.60

4.38
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

do
do
do
.do

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

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 ' 67. 76
3.83 '4.21
2.64 '2.69
'1.12
1.44
3.44
4.16

Public utilities
do
20.97
20.12
18.10
Electric
do
17.12
2.87
Gas and other
do
3.00
Communication
do
13.94
13.83
Commercial and other.
do
21.63
21.69
' Revised.
v Preliminary.
i Estimates (corrected for systematic biases) for Oct.-Uec. 19,6 and Jan.-Mar. 1977 based on expected capital expenditures of business. Expected
expenditures for the year 1976 appear on p. 29 of the December 1976 SURVEY.
2 Includes
communication.
fSee corresponding note on p. S-l.
9Includes data for items not
shown separately.
0Personal outlays comprise personal consumption expenditures,

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 r 21. 67 ' 24. 05
18.82 ' 18. 22 ' 20. 01
3.03 '3.45 '4.04
13.64
12.62
20.94 r 20. 99 '236.73 2

Nonmanufacturing.
Mining
Railroad
Air transportation
Other transportation
Public utilities
Electric
Gas and other
Communication
Commercial and other

..

Seas. adj. qtrly. totals at annual rates:
All industries..
Manufacturing.
Durable goods industries 1_ _
Nondurable goods industries 1
Nonmanufacturing
Mining
Railroad
Air transportation ...
Other transportation




bil. $
do
do
do -

' 16. 93 ' 19. 38 16.45
1.02
' 1.03
'1.04
.52
' .54
'.64
.32
'.38
'.26
.56
'.90
'.95

5.37
'6.62
4.67
'5.48
.70
' 1.14
.98
3.33
'5.19 ' 2 9. 92 28.67

'5.52

'4.54

118.12 r 122.55 "127.8 i
50.64 ' 54. 78 ' 56. 23
22.54 ' 24. 59 ' 25. 23
28.09 ' 30. 20 ' 31. 00

129.38
56.99
25.52
31.47

' 71. 64 72.38
4.22
^4.03
2.22
' 1.98
1.45
'1.51
2.67
'3.34

24.57
20.75
3.82
37. 26

interest paid by consumers to business, and personal transfer payments to foreigners (net).
§ Personal saving is excess of disposable income over personal outla y s - n { the
foata for individual durable and nondurable goods industries components appear in uie
Mar., June, Sept., and Dec. issues of the SURVEY.

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