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SURVEY OF CURRENT BUSINESS April 1979 11 NATIONAL INCOME AND PRODUCT TABLES 1977 1977 1978 1978 I IV II 1979 III IV I* 1977 1977 1978 Seasonally adjusted at annual rates 1978 I IV II 1979 III IV IP Seasonally adjusted at annual rates Billions of current dollars Billions of 1972 dollars Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2) Gross national product ,887.2 Personal consumption expenditures.. 107.6 1,958.1 1,992.0 2,087.5 2,136.1 2,214.8 2,265.6 1,332.7 ,206.5 1,340.1 1,255.2 1,276.7 1,322.9 1,356.9 [,403.9 1,444.7 857.7 ,385.7 1,354.5 1,354.2 1,382.6 1,391.4 1.414.7 1,417.3 891.7 876.6 873.5 886.3 895.1 911.8 915.7 178.4 479.0 549.2 197.5 526.5 616.2 187.2 496.9 571.1 183.5 501.4 591.8 197.8 519.3 605.8 199.5 531.7 625.8 209.1 553.4 641.4 213.4 569.7 661.6 137.8 330.4 389.5 144.6 339.6 407.4 143.0 338.1 395.6 137.8 333.3 402.4 145.8 336.3 404.2 144.8 340.4 410.0 150.1 348.5 413.1 150.1 347.1 418.5 297.8 345.6 313.5 322.7 345.4 350.1 364.0 371.6 196.3 210.6 200.3 205.7 213.1 210.4 213.4 215.7 282.3 329.6 300.5 306.0 325.3 336.5 350.5 353.5 187.4 200.1 192.8 193.4 200.4 201.4 205.2 203.9 Nonresidential Structures Producers' durable equipment.. 190.4 63.9 126.5 222.6 77.8 144.8 200.3 67.4 132.8 205.6 68.5 137.1 220.1 76.6 143.5 227.5 80.9 146.6 237.1 85.1 152.0 129.8 40.0 89.8 140.2 44.5 95.8 132.5 41.0 91.5 133.8 41.0 92.9 140.5 44.6 95.9 141.7 45.6 96.1 144.9 46.7 98.2 145.9 45.7 100.1 Residential Nonfarm structures Farm structures.. Producers' durable equipment.. 242.6 85.0 157.6 110.9 91.9 88.9 1.5 1.5 107.0 103.8 1.4 1.7 100.2 97.5 1.2 1.6 100.3 97.3 1.3 1.7 105.3 102.1 1.4 1.8 109.0 105.7 1.5 1.7 113.4 110.2 1.5 1.7 107.8 1.3 1.8 57.7 55.6 .9 1.2 59.8 57.7 .8 1.3 60.3 58.4 .7 1.2 59.5 57.4 .8 1.3 59.9 57.8 .8 1.4 59.7 57.6 .8 1.3 60.3 58.2 .8 1.3 58.1 56.1 .7 1.3 Change in business inventories. Nonfarm Farm 15.6 15.0 .6 16.0 16.7 -.8 13.1 10.4 2.7 16.7 16.9 -.2 20.1 22.1 -2.0 13.6 14.6 13.5 13.4 .1 18.1 19.6 -1.5 8.9 9.4 -.5 10.6 11.0 -.5 7.5 6.5 .9 12.3 12.5 -.1 12.7 13.9 -1.2 9.0 9.6 -.6 8.2 8.1 .1 11.8 12.6 -.8 Net exports of goods and services. -11.1 -12.0 -23.2 -24.1 -5.5 -10.7 -7.6 -10.3 9.5 8.4 3.1 2.9 11.3 9.2 10.2 8.9 98.2 88.7 107.0 98.6 96.0 92.9 99.1 96.2 108.4 97.1 109.0 99.7 111.7 101.5 112.4 103.4 Durable goods Nondurable goods.. Gross private domestic investment. Fixed investment -.. Exports Imports Government purchases of goods and services.. Federal National defense.. Nondefense State and local 175.5 186.6 204.8 216.8 172.1 195.2 181.7 205.8 205.4 210.9 210.1 220.8 221.9 229.5 229.0 239.2 394.0 433.9 412.5 416.7 424.7 439.8 454.5 459.4 269.2 275.0 274.5 272.1 271.9 276.7 279.4 277.0 145.1 94.3 50.8 248.9 153.8 99.5 54.3 280.2 152.2 97.1 55.1 260.3 151.5 97.9 53.6 265.2 147.2 98.6 48.6 277.6 154.0 99.6 54.5 285.8 162.5 102.1 60.4 292.0 164.7 103.9 60.8 294.8 101.6 100.3 103.6 101.2 97.1 100.4 102.5 102.1 167.6 174.7 170.9 170.8 174.8 176.3 176.9 174.9 Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5) 1,887.2 2,107.6 1,958.1 1,992.0 2,087.5 2,136.1 2,214.8 2,265.6 1,332.7 1,385.7 1,354.5 1,354.2 1,382.6 1,391.4 1,414.7 1,417.3 Gross national product.. Final sales Change in business inventoriesGoods.. Final sales. Change in business inventories. Durable goods Final sales Change in business inventories. Nondurable goods Final sales Change in business inventories. Services.... Structures. 1,871.6 2,091.6 1,945.0 1,975.3 2,067.4 2,122.5 2,201. 3 2,247.4 1,323.8 1,375. 2 1,347.1 1,341.8 1,369.9 1L.382.4 1,406.5 1,405.5 11.8 9.0 12.3 12.7 18.1 10.6 7.5 15.6 16.0 13.1 20.1 13.6 13.5 16.7 8.9 8.2 651.4 629.7 627.7 630.2 611.8 832.6 918.4 608.4 912.2 927.3 972.5 1,000.7 620.1 859.6 861.8 649.1 639.7 615.0 621.2 982.6 599.4 817.0 902.4 619.1 612.7 892.1 913.7 599.6 846.5 845.1 958.9 640.9 11.8 9.0 12.3 18.1 12.7 10.6 8.9 7.5 15.6 13.6 13.5 16.0 20.1 13.1 16.7 8.2 283.3 266.6 264.8 421.8 265.4 254.6 253.7 255.1 341.3 351.2 380.1 400.1 376.8 347.4 375.8 275.5 270.1 245.0 260.2 258.7 399.3 258.1 250.5 369.8 389.2 365.1 341.1 336.3 332.9 365.0 248.0 268.4 13.1 6.1 22.4 6.4 7.3 10.2 4.6 8.4 10.8 11.7 6.3 10.8 5.8 7.1 14.8 368.2 373.6 357.2 361.2 365.4 364.3 365.0 547.2 572. 4 579.0 354.7 491.3 541.7 512.2 536.4 510.6 369.5 372.5 354.5 583.2 354.8 362.5 543.9 361.1 362.1 484.1 537.4 527.1 569.7 351.6 505.4 508.7 -1.3 2.9 -4.3 1.1 2.7 6.3 3.3 3.4 2.9 4.3 9.3 2.7 3.1 1.9 6.8 7.2 638.0 632.6 625.6 629.7 627.0 620.1 973.7 609.6 952.0 962.5 893.6 997.7 1,025.2 602.9 926.4 127.9 133.0 129.3 131.6 239.6 122.3 223.4 235.0 129.0 124.8 244.7 226.7 121.3 204.9 203.8 191.8 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 Statistical1 discrepancy Residual Households and institutions. . Government Federal State and local. Rest of the world. 1,887.2 2,107.6 1,958.1 1,992.0 2,087.5 2,136.1 2,214.8 2,265.6 1,332.7 1,385.7 1,354.5 1,354.2 1,382.6 1 ,391.4 1,414.7 i.417.3 1,869.9 2,088.2 1,942.2 1,973.8 2,066.5 2,117.3 2,195.1 2,244.3 1,325.3 1,377.9 1,347.9 1,346.6 1,373.9 1 ,383.9 1,407.0 1,409.3 ., 599.3 1,790. 2 1,660.4 1,684.1 1.771.8 1,817.5 1,887. 4 1,930.2 1,135.9 1,183. 7 1,155.9 1,153.5 , 180.0 1,, 189.3 1,212.1 1,214.1 ___ 1,544.0 1,730. 5 1,601.6 1,628.9 1.714.9 1,758.5 1,819. 9 1,094.2 1,146.0 1,112.4 1,115.4 1,145.2 1 , 151.8 1,171. 5 1,175.4 998.1 1,026.5 1,031.7 1,050.0 1,052.5 980.5 1,026. 6 996.4 1,397.8 1,566. 3 1,449.0 1,471.7 1,553.2 1,592.0 1,648.1 122.9 175.9 118.6 120.1 121.5 117.4 119.4 113.6 116.0 157.1 166.5 161.7 171.7 164.3 152.7 146.2 33.2 31.9 66.9 30.5 32.5 33.8 32.5 34.4 53.0 58.6 36.1 56.4 63.2 57.8 54.0 50.5 2.2 .4 .5 4.3 2 1.8 4.8 4.7 6.8 4.3 6.8 7.4 4.3 7.3 5.5 5.2 76.9 45.5 45.2 44.3 44.9 42.2 43.6 74.4 43.8 72.3 62.7 70.5 44.5 71.5 68.8 65.9 149.7 149.8 149.6 149.8 149.4 148.4 147.2 149.6 237.2 208.0 224.1 227.5 233.4 215.9 221.0 226.5 48.8 48.9 49.0 48.8 48.8 48.8 48.7 48.9 74.6 70.5 74.0 66.4 70.1 69.5 69.9 71.1 100.9 100.9 100.8 100.8 100.6 162.6 98.4 100.8 157.0 159.4 141.5 154.1 155.4 146.4 151.1 17.3 19.4 15.9 18.2 21.1 18.8 19.8 21.3 7.3 7.9 6.6 7.5 8.8 7.5 7.7 8.0 v Preliminary. Footnotes for tables 2 and 3 on following page. NOTE.—Fourth quarter 1978 corporate profits and related totals are revised. This applies to all tables that contain corporate profits or related items. HISTORICAL STATISTICS The national income and product data for 1929-72 are in The National Income and Products Accounts of the United States, 1929-7$: Statistical Tables (available for $4.95, SN 003-010-00052-9, from Commerce Department District Offices or the Superintendent of Documents; see addresses inside front cover). Data for 1973,1974, and 1975-77 are in July 1976, July 1977, and July 1978 issues of the SURVEY, respectively. CURRENT BUSINESS STATISTICS JL HE STATISTICS here update series published in the 1975 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY That volume (available from the Superintendent of Documents for $6.80) provides a description of each series, references to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1971 through 1974 (1964-74 for major quarterly series), annually, 1947-74; for selected series, monthly or quarterly, 1947-74 (where available). Series added or significantly revised after the 1975 BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively. Unless otherwise noted, revised monthly data for periods not shown herein corresponding to revised annual data are available upon request. The sources of the data are given in the 1975 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and are also listed alphabetically on pages 187-88. Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided through the courtesy of the compilers, and are subject to their copyrights. OF CURRENT BUSINESS. 1976 Unless otherwise stated in footnotes below, data through 1974 and descriptive notes are a s shown in the 1975 edition of BUSINESS STATISTICS 1977 1978 1976 I II 1978 1977 III IV I II III IV I II 1979 III IV Annual total Seasonally adjusted quarterly totals at annual rates GENERAL BUSINESS INDICATORS—Quarterly Series NATIONAL INCOME AND PRODUCT! Gross national product, totalf bil.$. Personal consumption expenditures, total..do 1,700.1 1,887.2 2,107.6 1,649.7 1,685.4 1,715. 6 1,749.8 1,806.8 1,867.0 1,916.8 1,958.1 1,992.0 2,087.5 2,136.1 2,214.8 2.265.6 1,090.2 1,206.5 1,340.1 1,053.8 1,075.1 1,098.4 1,133.7 1,167.7 1,188.6 1,214.5 1,255. 2 1,276.7 1,322.9 1,356.9 1, 403. 9 1.444.7 Durable goods, total? do Motor vehicles and parts do Furniture and household equipment...do Nondurable goods, total 9 do Clothing and shoes do Food do Gasoline and oil do 156. 6 69.7 63.9 178.4 81.5 71.3 197.5 89.7 77.7 152.2 67.7 61.9 154.7 69.1 63.0 156.7 69.5 64.2 162.8 72.6 66.5 173.2 81.3 68.0 175.6 81.2 69.9 177.4 79.5 72.0 187.2 84.0 75.3 183.5 84.1 72.1 197.8 92.5 76.5 199.5 89.8 78.9 209.1 92.6 83.2 213.4 96.4 83.6 442.6 75.7 225.8 42.8 479.0 81.5 245.2 46.5 526.5 89.0 269.4 51.2 430.3 73.8 219.4 41.4 437.4 74.2 223.9 41.9 444.5 76.1 227.4 43.0 458.3 78.5 232.3 45.1 465.9 78.5 237.5 46.1 473.6 79.3 244.5 46.2 479.7 81.4 246.4 46.0 496.9 86.7 252.6 47.5 501.4 82.9 257.7 48.3 519.3 87.5 267.8 49.1 531.7 90.5 272.0 51.5 553.4 95.3 279.9 55.8 569.7 94.0 290.3 59.8 Services, total 9 Houshold operation Housing Transportation 491.0 72.8 166.4 37.9 549.2 81.6 184.6 44.2 641.4 91.3 207.3 52.6 471.3 69.3 160.2 36.0 483.0 70.2 164.7 37.0 497.2 73.5 168.2 38.7 512.6 78.2 172.3 39.8 528.6 80.2 177.3 40.8 539.4 78.0 182.1 43.5 557.5 83.7 186.9 45.0 571.1 84.6 192.0 47.3 591.8 89.6 198.1 49.7 605.8 89.9 204.1 52.1 625.8 92.6 210.1 53.7 641.4 94.1 217.0 55.0 661.6 97.1 222.5 51.3 243.0 297.8 345.6 231.5 243.5 249.9 247.1 272.5 295.6 309.7 313.5 322.7 345.4 350.1 364.0 371.6 306.0 205.6 68.5 137.1 325.3 220.1 76.6 143.5 336.5 227.5 80.9 146.6 350.5 237.1 85.1 152.0 353.5 242.6 85.0 157.6 - -do do do do Gross private domestic investment, totaL...do Fixed investment Nonresidential Structures Producers' durable equipment do do do do 232.8 164.6 57.3 107.3 282.3 190.4 63.9 126.5 329.6 222.6 77.8 144.8 220.1 157.7 56.4 101.3 228.1 162.2 57.6 104.6 235.3 168.1 57.3 110.8 247.6 170.5 57.9 112.6 262.2 180.6 59.3 121.4 278.6 187.2 63.4 123.8 287.8 193.5 65.4 128.1 300.5 200.3 67.4 132.8 Residential Change in business inventories Nonfarm do do do 68.2 10.2 12.2 91.9 15.6 15.0 107.0 16.0 16.7 62.4 11.4 12.7 65.9 15.4 18.8 67.3 14.5 15.2 77.1 -.6 2.2 81.6 10.3 11.1 91.4 17.0 16.5 94.3 21.9 22.0 100.2 13.1 10.4 100.3 16.7 16.9 105.3 20.1 22.1 109.0 13.6 14.6 113.4 13.5 13.4 110.9 18.1 19.6 Net exports of goods and services Exports Imports do do ...do 7.4 163.2 155.7 -11.1 175.5 186.6 -12.0 204.8 216.8 10.4 154.4 144.1 9.7 160.7 150.9 6.9 168.2 161.3 2.8 169.4 166.6 -8.5 170.9 179.4 -5.9 178.1 184.0 -7.0 180.8 187.8 -23.2 172.1 195.2 -24.1 181.7 205.8 -5.5 205.4 210.9 -10.7 210.1 220.8 -7.6 221.9 229.5 -10.3 229.0 239.2 Govt. purchases of goods and services, total.do Federal. ...do National defense do State and local. do 359.5 129.9 86.8 229.6 394.0 145.1 94.3 248.9 433.9 153.8 99.5 280.2 354.0 127.1 85.9 226.9 357. 2 127. 8 85.6 229.4 360.4 129.9 86.5 230.5 366.3 134.6 89.1 231.7 375.0 138.3 91.9 236.7 388.8 142.9 93.7 245.9 399.5 146.8 94.4 252.7 412.5 152.2 97.1 260.3 416.7 151.5 97.9 265.2 424.7 147.2 98.6 277.6 439.8 154. 0 99.6 285.8 454.5 162.5 102.1 292.0 459.4 164.7 103.9 294.8 1,871.6 2,091. 6 1, 638.3 1,670.1 1,701.0 1,750.4 1,796.5 1,850.0 1,894.9 1,945.0 1,975.3 2,067.4 2,122. 5 2, 201. 3 972.5 927.3 861.8 844.7 859.6 741.9 772.9 758.0 768.1 800.2 825.8 912.2 832.6 918.4 400.1 380.1 351.2 347.4 288.6 315.6 346.5 301.8 312.4 332.2 339.1 375.8 341.3 376.8 572.4 547.2 510.6 512.2 453.4 457.3 456.2 455.7 468.0 486.7 498.2 536.4 491.3 541.7 997.7 973.7 926.4 893.6 749.7 808.1 766.9 787.1 832.3 850.0 952.0 875.3 862.8 962.5 244.7 235.0 203.8 204.9 158.1 168.7 160.5 160.3 174.3 191.3 223.4 191.8 196.8 226.7 2,247.4 1,000. 7 421.8 579.0 1,025.3 239.6 13.5 10.8 2.7 18.1 22.4 -4.3 1,382.6 1,391.4 1,414. 7 1,417.3 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 do do ...do do do do 1,689.9 760.3 304.6 455.7 778.0 161.9 do do do 10.2 5.3 4.9 15.6 8.4 7.2 16.0 11.7 4.3 11.4 .1 11.3 15.4 6.5 8.9 14.5 9.3 5.3 -.6 5.2 -5.8 10.3 6.1 4.2 17.0 9.1 7.9 21.9 11.9 10.0 13.1 6.3 6.8 16.7 14.8 1.9 20.1 10.8 9.3 13.6 10.2 3.4 GNP in constant (1972) dollarsf Gross national product, totalf bil.$_. 1,271.0 Personal consumption expenditures, total..do Durable goods Nondurable goods do do Services do Gross private domestic investment, total...do Fixed investment do Nonresidential do Residential do Change in business inventories ...do Net exports of goods and services do Govt. purchases of goods and services, total.do Federal do State and local do 1,332.7 1,385.7 1,255.5 1,268.0 1,276.5 1,284.0 1,306. 7 1,325.5 1,343.9 1,354.5 1,354.2 895.1 911.8 915.7 819.4 857.7 891.7 806.3 814.0 820.9 836.2 846.6 849.5 858.0 876.6 873.5 886.3 125.9 320.2 373.2 137.8 330.4 389.5 144.6 339. 6 407.4 124.8 314.6 366.9 125.2 318.2 370.6 125.3 320.5 375.1 128.5 327.7 380.0 134.9 327.1 384.6 136.2 327.2 386.0 136.9 329.2 391.8 143.0 338.1 395.6 137.8 333.3 402.4 145.8 336.3 404.2 144.8 340.4 410.0 150.1 348.5 413.1 150.1 347.1 418.5 173.4 196.3 210.6 168.5 174.7 177.1 173.4 186.1 197.1 201.7 200.3 205.7 213.1 210.4 213.4 215.7 166.8 118.9 47.8 6.7 187.4 129.8 57.7 8.9 200.1 140.2 59.8 10.6 161.0 115.5 45.5 7.5 164.6 117.8 46.8 10.1 167.8 121.0 46.8 9.3 173.6 121.4 52.3 -.2 180.3 126.8 53.5 5.8 187.1 129.1 58.0 10.0 189.5 130.8 58.8 12.2 192.8 132.5 60.3 7.5 193.4 133.8 59.5 12.3 200.4 140.5 59.9 12.7 201.4 141.7 59.7 9.0 205.2 144.9 60.3 8.2 203.9 145.9 58.1 11.8 15.4 9.5 8.4 16.5 16.1 16.1 13.1 11.2 11.0 12.5 3.1 2.9 11.3 9.2 10.2 8.9 264.3 96.2 168.1 263.2 95.9 167.3 262.5 96.8 165.7 261.3 97.5 163.8 267.9 101.3 166.6 271.7 102.9 168.8 274.5 103.6 170.9 272.1 101.2 170.8 271.9 97.1 174.8 276.7 100.4 176.3 279.4 102.5 176.9 277.0 102.1 174.9 262.8 96.6 166.2 269.2 101.6 167.6 275.0 100.3 174.7 ••Revised. v Preliminary. ^Revised series. Estimates of national income and product and personal income have been revised back to 1973 (see p. 16ff.of the July 1977 SURVEY and 262.8 98.7 164.1 p 24 ff. of the July 1978 SURVEY); revisions prior to May 1977 for personal income appear on p. 36 of the July 1978 SURVEY. 9 Includes data for items not shown separately. S-l 290-552 O - 79 - SI CUK KJfiJN'JL 1 3 USlJNli $ U 1 CV-EI S-2 Unless otherwise stated in footnotes below, data through 1974 and descriptive notes are as shown in the 1975 edition of BUSINESS STATISTICS 1977 1976 1976 1978 II Annual total in April 1979 1977 IV I II 1978 in IV I 1979 II III IV I II GENERAL BUSINESS INDICATORS—Quarterly Series—Continued NATIONAL INCOME AND PRODUCTf—Con. Quarterly Data Seasonally Adjusted Implicit price deflators:t Gross national product Index 197?=inn do Personal consumption expenditures do Durable goods Nondurable goods .do -. do Services Gross private domestic investment: Fixed investment do do Nonrpsidential Residential Govt. purchases of goods and services do Federal dr» Ho State and local 133.76 133.1 124.4 138.2 131.6 141.61 140.7 129.5 145.0 141.0 152.09 150.3 136.5 155.0 151.2 132. 92 132.1 123.6 137.4 130.3 134. 39 133.8 125.0 138.7 132.5 136.28 135.6 126.8 139.9 134.9 138.27 137.9 128.4 142.4 137.4 140.86 139.9 128.9 144.7 139.7 142.63 141.6 129.5 145.7 142.3 144. 56 143.2 130.9 147.0 144.4 147.10 146.2 133.1 150.4 147.1 150.98 149.3 135.7 154.4 149.9 153.52 151.6 137.3 156.2 152.6 156.56 154.0 139.3 158.8 155.2 159.85 157.8 142.2 164.1 158.1 139.6 138.4 142.5 150.6 146.7 159.4 164.7 158.7 178.8 138.5 137.7 140.7 140.3 138.9 143.8 142.6 140.5 147.6 145.4 142.5 152.3 148.9 145.0 157.6 151.9 147.9 160.6 155.9 151.2 166.1 158.2 153.6 168.6 162.2 156.7 175.7 167.1 160.6 182.6 170.8 163.7 188.2 173.3 166.3 191.0 136.8 134. 4 138.1 146.3 142.7 148.5 157.8 153.3 160.4 135.7 133.3 137.1 137.3 134.2 139.1 140.2 138.0 141.5 142.7 140.1 144.3 145.1 141.1 147.6 147.1 142.7 149.7 150.3 146.9 152.3 153.2 149.6 155.2 156.2 151.5 158.8 158.9 153.4 162.1 162.7 158.5 165.1 165.9 161.3 168.6 Quarterly Data Seasonally Adjusted at Annual Rates National income, totalf "Hii $ 1,359.2 1, 515. 3 1, 703.8 1,347.9 1,372.1 1,397. 0 1,447.5 1,499. 3 1,537.6 1,576.9 1,603.1 1,688.1 1,728.4 1,795.6 1,036.8 1,153.4 1,301.4 1,026.0 1,046.1 1,073.3 1,107.9 1,140.5 1,165. 8 1,199.7 1,241.0 1,287.8 1,317.1 Compensation of employees total do 890.1 983.6 1,101.0 881.5 897.3 919.9 946.4 973.4 993.6 1,021.2 1,050.8 1,090.2 1,113.4 Wages and salaries, total do 187.6 200.8 216.1 186.1 188.1 192.6 195.2 198.1 201.7 208.1 211.4 213.9 216.8 do Govt and govt. enterprises An 702.5 782.9 884.8 695.4 709.2 727.2 751.2 775.3 791.9 813.1 839.3 876.3 896.6 Other 146.7 169.8 200.5 144.6 148.8 153.4 161.5 167.1 172.2 178.4 190.2 197.6 203.6 Supplements to wages and salaries .do Proprietors' income with inventory valuation and capital consumption adjustments, 87.4 99.8 110.1 95.6 97.2 107.3 114.5 88.6 89.5 105.0 88.8 98.9 total wi * 113 2 24.0 25.0 20.2 19.6 16.9 16.3 19.4 20.0 16.5 25.1 21.9 18.4 25.3 Farm -do— 86 1 89 6 on q Nonfarm do 70.2 87.8 73. 2 Rental income of persons with capital consump22.2 24.3 22.7 22.5 22.8 22.4 22.4 22.4 22.4 22.5 tion adiustrnent bil $ 23 4 22.5 22.8 Corp. profits with inventory valuation and capi163.4 165.2 132.6 148.2 130.0 143.7 154.8 128.6 129.9 122.5 144.2 ' 159.5 tal consumption adjustments, total bil. $— 127.0 Corp. profits with invent, val. adj.: n r 175.4 168.9 155.6 139.2 148.1 159.5 136.3 135.4 134.8 128.7 149.5 167 7 Domestic total *^ 133.2 18.3 19.7 19.9 21.9 21.9 22.7 24.3 26.0 17.0 19.1 20.9 17.5 25.1 Financial--. — -do— 144. R 14Q A 128.6 '142.6 -do.... 115.6 128.1 137.6 Nonfinancial, total 9 118.4 118. 0 109.7 116.6 115.1 87.1 87.8 80.2 Manufacturing, total 9 — -do— 74.7 '85.0 61.9 77.4 74.7 65.6 67.5 65.9 69.8 66.4 44.6 46.1 28 1 35.1 '43 2 29.7 28.5 26.9 29.9 37.2 34.2 39.1 13.7 82 16.1 9.6 19.5 9g 14.3 7.6 14.9 8.2 13.3 8.2 15.4 9.7 14.5 10.4 17.5 10.3 -do...dodo -do— 155.9 64.3 91.7 37.9 53.8 173.9 71.8 102.1 43.7 58.4 ' 202.0 83.9 118.2 49.3 '68.8 158.7 66.3 92.4 37.2 55.2 157.8 64.7 93.1 38.4 54.7 154.6 62.4 92.2 41.4 50.8 164.8 68.3 96.5 41.5 55.0 175.1 72.3 102.8 42.7 60.1 -do— -do— -14.5 -14.4 84.3 -14.8 —14.9 95.4 -24.4 -18.1 106.3 -15.7 -14.4 82.0 -13.3 -14.5 86.2 -17.6 -14.5 88.9 -20.3 -14.6 91.7 -16.6 -14.8 93.7 Durable f?oods Transportation, communication, and electric, gas, and sanitary serv bil. $.. Rest of the world ^n Profits before tax, total _ Profits tax liability Profits after tax Dividends Undistributed profits. _ Inventory valuation adjustment Capital consumption adjustment Net interest n DISPOSITION OF PERSONAL INCOMEf Personal income total *"i * 1,380.9 1,529. 0 1,708.0 1,363. 2 1, 392. 8 200.0 192.6 226.0 256.2 196.5 Less: Personal tax and nontax payments do 1,184.4 1,303.0 1,451.8 1,170.6 1,192.8 Equals: Disposable personal income ..do 1,116. 3 1,236.1 1,374. 9 1,100.7 1,124. 8 Less: Personal outlays© _ do 68.0 66.9 76.9 69.9 68.1 Equals: Personal saving § .do— NEW PLANT AND EQUIPMENT EXPENDITURES Unadjusted quarterly or annual totals: All industries bil. $ 30.41 120.49 135.80 153 82 29.70 60.16 13.48 Manufacturing do . 52.48 67 62 12.66 6.02 5.61 23.68 27.77 31.66 Durable goods industries!! do 7.46 7.05 28.81 32.39 35.96 Nondurable gcods industries^. do 16.93 17.04 68.01 75.64 Nonmanufacturing do 86.19 1.04 .99 4.00 4.50 Mining do . 4 78 .68 .64 2.52 2.80 do 3 32 Railroad. . .26 .42 1.30 1.62 Air transportation .do-2.30 3.63 2.51 1.02 .95 do 2.43 Other transportation 22.28 Public utilities. 5.50 5.52 25.80 .do.— 29.48 18.80 21.59 4.74 4.54 24 79 Electric .98 3.47 .76 4.21 4.70 Gas and other .do— 3 33 q 9| .do 13.30 15.45 18.16 Communication 5.19 5.21 do . 20.99 22.97 25.71 Commercial and other Seas. adj. qtrly. totals at annual rates: 118.12 122.55 All industries... do 50.64 54.78 Manufacturing _ _do-22. 54 24.59 do Durable goods industriesif 28.09 30.20 do Nondurable goods industries^ 67.76 67.48 Nonmanufacturing . do 4.21 3.83 do Mining 2.64 2.69 do Railroad . 1.44 1.12 do Air transportation 4.16 3.44 do Other transportation 21.85 21.67 Public utilities do 18.82 18.22 do Electric 3.03 3.45 Gas and other .do— •tO CA .do Communication 20.99 20.94 .do..Commercial and other r Revised. * Preliminary. i Estimates (corrected for systematic biases) for Jan.Mar. 1979 and Apr.-June 1979 based on expected capital expenditures of business. Expected expenditures for the year 1979 appear on p. 26 of the Mar. 1979 SURVEY. 2 Includes communication. fSee corresponding note on p. S-l. 9 Includes data for items not shown separately. ® Personal outlays comprise personal consumption expenditures, interest paid 1,359.8 1,405.9 1,149.4 1,184.5 222.3 225.1 927.1 959.5 210.4 221.4 123.0 30.4 92 6 123.7 30.6 24.4 24.7 ' 176.6 '187.4 27.6 95.2 49.2 17.1 7.9 32.8 17.3 9.4 19.3 11.7 20.7 9.1 20.8 9.1 177.5 72.8 104.8 44.1 60.6 178.3 73.9 104,4 46.3 58.1 172.1 70.0 102.1 47.0 55.1 205.5 85.0 120.5 48.1 72.4 205.4 86.2 119.2 50.1 69.2 ' 224.9 '94.4 '130.5 51.9 '78.6 -7.7 —15.0 97.3 -14.8 —15.3 99.0 -23. 5 —16.1 101.7 -24.9 17 2 104.6 -20.9 -28.4 10 1 107.4 111.4 54.6 -40.3 —20.7 114.2 1,430.5 1, 470. 7 1, 508. 6 1, 543. 7 1, 593. 0 1,628.9 1,682.4 1,731.7 1, 789. 0 1,834.1 263.2 249.1 233.3 275.1 237.3 270.6 223.3 224.6 222.7 209.0 1,221. 5 1,248.0 1,285.3 1,319.1 1,359.6 1,391.6 1,433.3 1,468.4 1,513. 9 1,563.5 1,440.9 1,482.6 1,160.9 1,195.8 1,217. 8 1,244.8 1,285.9 1,309.2 1,357.0 1,392.5 7R n 60.7 52.2 67.5 74.3 73. 7 82.4 80.9 34.52 15.38 7.27 8.12 29.20 12.52 5.80 6.72 33.73 14.84 6.79 8.06 34.82 15.60 7.17 8.43 38.06 17.19 8.00 9.18 32.35 13.67 6.36 7.31 37.89 16.76 7.79 8.97 38.67 16.89 7.97 8.92 44 91 20.30 9.53 10.77 i 36.97 15.97 7.57 8.40 i 42. 07 18.91 9. 20 9.72 19.14 1.05 16.68 1.02 18.88 1.16 19.21 1.17 20.87 1.15 18.68 1.07 21.13 1.22 24.61 1.26 .94 .64 .71 21.00 1.28 23.16 1.23 .70 .35 .59 .33 .94 .61 .43 .76 6.46 5.34 1.12 5.55 4.78 .77 6.37 5.34 1.03 .67 .78 .39 .76 .46 .71 .52 .83 .60 .50 .63 .51 .60 21.78 1.24 .84 .54 .62 7.28 6.06 1.21 4 26 6.33 6.15 5.27 .88 3 97 5.76 7.14 6.01 1.13 4 56 6.18 7.43 6.11 1.32 4 68 6.43 8.78 7.40 1.37 4 96 7.34 .80 .64 .62 8.00 6.78 1.22 2 10. 53 2 11.63 7.12 6.16 5.78 5.27 5.64 6.61 5.41 1.20 4 03 5.73 125. 22 54.44 25.50 28.93 130.16 56.43 26.30 30.13 134.24 59.46 27.26 32.19 140.38 63.02 29.23 33.79 138.11 61.41 28.19 33.22 144.25 61.57 28.72 32.86 150.76 67.20 31.40 35.80 155.41 67.75 32.25 35.50 163.96 73.24 33.99 39.26 70.78 4.13 2.63 1.41 3.49 73.74 4.24 2.71 1.62 2.96 74.78 4.49 2.57 1.43 2.96 77.36 4.74 3.20 1.69 1.96 76. 70 4.50 2.80 1.76 2.32 82.68 4.45 3.35 2.67 2.44 83.56 4.81 3.09 2.08 2.23 87.66 4.99 3.38 2.20 2.47 *G0. 71 4.98 3.49 2.39 2.55 164.23 71.97 34.18 37.78 92.26 5.35 3.77 3.28 3.01 23.46 19.49 3.96 14 30 21.36 25.35 21.19 4.16 14 19 22.67 25.29 21.14 4.16 15 32 22.73 26.22 21.90 4.32 26.23 22.05 4.18 15 82 23.27 27.92 23.15 4.78 17 07 24.76 28.46 23.83 4.62 18 18 24.71 29.62 24.92 4.70 18 90 26.09 31.73 26.95 4.78 18 46 27.12 32.30 27.06 5.24 2 44.54 q QA q oft q oa 1fi At) 23.14 .83 .68 .77 .97 167.52 75.90 37.09 38.81 91.62 4.89 3.11 2.36 2.89 31.91 26.92 4.98 2 46.46 by consumers to business, and personal transfer payments to foreigners (net). § Personal saving is excess of disposable income over personal outlays. ifData for individual durable and nondurable goods industries components appear in the Mar., June, Sept., and Dec. issues of the SURVEY.