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SUEVEY OF CUKEENT BUSINESS

8

September 1977

NATIONAL INCOME AND PRODUCT TABLES
1976
1975

1977

III

1976

IV

I

1976

II*

1975

II

1976

Seasonally adjusted at annual rates

1977

II*

IV

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)
Gross national product

,528.8 1,706.5 1,651.2 1,691.9 1,727.3 1,755.4 1,810.8 1,869.9 1,202.1 1,274.7 1,256.0 1,271.5 1,283.7

Personal consumption expenditures..

,287.4

,311.0

1,330.7

815.5

822.7

839.8

850.4

854.1

125.4
316.1
365.6

126.7
319.3
369.6

127.1
321.5
374.0

130.7
329.4
379.7

136.9
329.7
383.8

137.9
330.0
386.3

173.0

168.1

175.2

179.4

169.2

186.7

197.2

980.4 1,094.0 1,056.0 1,078.5 1,102.2 1,139.0 1,172.4 1,194.0

807.2

158.9
442.7
492.3

153.3
430.4
472.4

156.7
437.1
484.6

159.3
444.7
498.2

166.3
458.8
513.9

177.0
466.6
528.8

178.6
474.4
541.1

112.7
307.6
354.8

127.5
321.6
372.2

189.1

Gross private domestic investment-

821.3

132.9
409.3
438.2

Durable goods
Nondurable goods.
Services

775.1

243.3

231.3

244.4

254.3

243.4

271.8

294.9

141.6

200.6

230.0

216.8

226.1

232.8

244.3

258.0

273.2

151.5

164.5

158.4

163.1

165.6

171.0

177.0

184.0

Nonresidential
.
Structures
Producers' durable equipment..

149.1
52.9
96.3

161.9
55.8
106.1

155.4
54.7
100.8

159.8
55.8
104.0

164.9
56.0
109.0

167.6
57.0
110.6

177.0
57.9
119.2

182.4
61.0
121.4

112.7
36.3
76.5

116.8
37.1
79.7

113.7
36.8
76.8

115.9
37.1
78.9

118.5
37.1
81.4

119.0
37.3
81.7

124.3
37.0
87.3

126.4
38.2
88.1

Residential
Nonfarm structures
Farm structures
Producers' durable equipment..

51.5
49.5
.9
1.1

68.0
65.7
1.0
1.3

61.4
58.9
1.2
1.2

66.3
64.1
1.0
1.2

67.8
65.7
.9
1.3

76.7
74.3
1.1
1.3

81.0
78.5
1.1
1.4

90.8
88.2
1.2
1.4

38.8
37.1
.7
.9

47.7
46.0
.7
1.0

44.8
42.9
.9
1.0

47.1
45.4
.7
1.0

47.1
45.4
.6
1.0

52.0
50.2

52.7
50.9
.7
1.1

57.6
55.7
.8
1.1

-11.5
-15.1
3.6

13.3
14.9
-1.6

14.5
15.9
-1.4

18.3
20.4
-2.2

21.5
22.0
-.5

-.9
1.4
-2.3

13.8
14.1
-.3

21.7
22.4
-.7

-9.9
-11.2
1.2

8.5
10.1
-1.6

9.7
11.1
-1.4

12.1
14.3
-2.1

13.8
14.4
-.6

-1.8
.7
-2.5

9.7
9.9
o

13.2
13.6
-.5

20.4

Fixed investment

Change in business inventories.
Nonfarm
Farm

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

10.2

10.2

7.9

3.0

-8.2

-9.7

22.5

16.0

16.8

16.4

17.0

13.8

10.6

9.4

162.9
155.1

153.9
143.7

160.6
150.4

168.4
160.6

168.5
165.6

170.4
178.6

178.1
187.7

89.9
67.4

95.8
79.8

93.1
76.3

95.2
78.9

97.9
80.9

96.9
83.1

96.9
86.3

98.5
89.1

338.9

361.4

353.6

358.9

363.0

370.0

374.9

390.6

263.0

264.4

263.9

264.5

264.6

264.6

263.3

270.0

123.3
83.9
39.4
215.6

Exports.
Imports.

7.8

147.3
126.9

Net export of goods and services.

130.1
86.8
43.3
231.2

127.6
86.3
41.3
225.9

128.5
86.0
42.5
230.4

130.2
86.4
43.8
232.7

134.2
88.4
45.8
235.8

136.3
89.7
46.7
238.5

143.6
93.4
50.2
247.0

96.7

96.5

96.4

96.1

96.7

97.1

97.0

101.1

166.3

167. S

167.5

168.4

168. 0

167. 5

166.4

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

_
_

Final sales
_
_
Change in business inventories _

_

1,528.8 1,706.5 1,651.2 1,691.9 1,727.3 1,755. 4 1,810.8 1,869.9 1,202.1 1,274.7 1,256.0 1,271.5 1,283.7 1,287.4 1,311.0

1,330.7

1,540.3 1,693.1 1,636. 7 1,673.7 1,705.8 1,756.3 1,797. 0 1,848. 2 1, 212. 0 1, 266. 2 1, 246. 3 1, 259. 4 1, 269. 8 1, 289. 2 1,301.2
9.7
13.8
-1.8
12.1
8.5
-9.9
9.7
-.9
13.8
21.7
-11.5
14.5
18.3
21.5
13.3

1,317.5
13.2

Final sales
Change in business inventories

686.2
697.7
-11.5

764.2
750 9
13.3

744.6
730.0
14.5

761.7
743.4
18.3

776.0
754.5
21.5

774.7
775.6
-.9

805.9
792.1
13.8

827.1
805.4
21.7

538.8
548.7
-9.9

580.1
571.6
8.5

571.8
562.1
9.7

579.8
567.6
12.1

586.9
573.0
13.8

581.9
583.7
-1.8

602.4
592.7
9.7

608.5
595.3
13.2

Durable goods .
Final sales...
_
Change in business inventories

258.2
267.5
-9.2

303.4
299.3
4.1

285.6
287.6
-2.0

301.9
294.9
7.0

313.4
302.7
10.7

312.6
312.0
.6

334.4
326.6
7.8

341.0
329.5
11.5

212.0
219.2
-7.2

235.2
232.4
2.8

227.0
228.1
-1.2

235.9
230.9
5.0

240.8
233.5
7.2

237.0
237.0
.1

252.3
246.7
5.6

254.7
247.4
7.3

Nondurable goods. _
Final sales
Change in business inventories

428.0
430.2
-2.2

460.9
451.6
9.3

459.0
442.4
16.6

459.7
448.5
11.2

462.6
451.8
10.9

462.1
463.6
-1.6

471.5
465.6
6.0

486.1
475.9
10.2

326.8
329.5
-2.7

344.9
339.3
5.7

344.9
334.0
10.8

343.9
336.8
7.1

346.1
339. 5
6.6

344.8
346.7
-1.9

350.1
346.0
4.2

353.8
347.9
5.8

699.2
143.5

782.0
160.2

751.6
155.0

770.8
159.4

791.8
159.6

813.8
166.9

833.7
171.2

855.3
187.5

560.7
102.7

584.7
109.9

575.4
108.7

581.7
110.1

587.9
108.8

593.6
111.9

597.1
111.5

602.9
119.3

1,528. 8 1
,706.5 1,651.2 1,691.9 1.727.3 1,755.4 1,810.8 1,869.9

,202.1 1,274.7 1,256.0 1,271.5 1,283.7 1,287. 4 1,311.0

1,330.7

1,518.3 1,692.1 1,637.0 1,678.4 1,712.0 1,740.9 1.793.2 1,851.4

, 197.3 1,268.0 1,249.2 1,265.1 1,276.7 1,280.9

Goods

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 d i s c r e p a n c y . .
Residual 1
Households and institutions..
Government
Federal
State and local..
Rest of the world.

1,303.3 1,322.8

1,289.6 1,444.3 1,395. 8 1,433.3 1, 463. 0 1,485. 2 1.532.3 1, 586. 4 1,013. 7 1, 082. 0 1,064. 2 , 079. 3 1,090. 5 1, 093. 9
974.3 1, 043. 8 1, 026. 4 1, 042. 5 1,051.2 1, 054. 8
1, 234. 6 1,390.9 1,343.1 1,378. 0 1.409.4 1,433. 4 1,478.0 1, 536. 7
870.5 934.9
944.7
934.0
941.6
919.3
1,115.1 1, 258. 7 1, 215. 6 1, 247. 0 1, 275. 4 1, 296. 8 1,337. 4 1,392.7
103.7
144.1
110.2
140.6
134.0
108.5
109.6
107.1
108.8
136.5
119.5
132.3
127.5
130.9
33.8
50.8
34.1
45.6
51.0
32.3
32.2
33.3
33.0
46.4
49.2
47.9
48.6
50.9
8.0
3.3
—1. 2
5.3
5.9
5.5
4.2
4.5
4.9
7.0
4.5
4.5
5.2
5.6

1,116.2
1, 077. 8
966.7
111.1
35.1

1,134. 9
1,099. 8
987.8
112.1
34.9

3.4

.2

50.4

56.2

54.4

55.5

56.4

58.3

60.4

62.0

38.9

40.2

40.1

40.3

40.0

40.6

40.6

41.2

178.2
59.0
119.2

191.6
62.4
129.2

186.8
61.4
125.4

189.6
61.6
128.1

192.6
61.8
130.7

197.5
64.7
132.8

200.5
65.4
135.1

203.1
65.5
137.6

144.6
48.5
96.1

145.8
48.4
97.3

144.9
48.3
96.6

145.5
48.3
97.2

146.2
48.5
97.7

146.4
48.6
97.8

146.5
48.6
97.9

146.7
48.6
98.1

10.5

14.4

14.2

13.5

15.3

14.4

17.6

18.4

4.9

6.7

6.4

7.0

6.5

7.7

7.9

*See footnote on page 9.

HISTORICAL STATISTICS
The national income and product data for 1929-72 are in The
National Income and Product Accounts of the United States, 1929-7If.:
Statistical Tables (available for $4.95, SN 003-010-00052-9, from
Commerce Department District Office or the Superintendent of




Documents; see addresses inside front cover). Data for 1973 and
1974-76 are in the July 1976 and July 1977 issues of the SURVEY,

respectively (except for seasonally unadjusted quarterly estimates,
which are in the September 1976 and August 1977 issues).

CURRENT BUSINESS STATISTICS

1 H E 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), respective^. 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.
1974

1975

1974

1976

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

II

III

1975
IV

I

II

1977

1976
III

IV

I

II

III

IV

I

II

Annual total
Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PUODUCTf
1,755.4 1,810.8

r

1,869.9

bil.$

1,412.9

1,706.5

1,400.1

1,430.1

1,452.4

1,453.0

1,496.6

Personal consumption expenditures, total.-do

889.6

980. 4 1,094.0

879.2

909.0

916. 2

936.5

965.9

995.1 1,024.1 1,056.0 1,078.5 1,102.2 1,139.0 1,172. 4 1,194.0

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

122.0
48.0
54.9

132.9
53.9
58.0

158.9
71.9
63.9

122.1
47.9
55.0

127.7
52.3
56.1

118.7
44.8
54.7

122.8
48.0
54.8

127.8
49. 9
57.4

136.7
56.5
58.7

144.3
61.3
61.0

153.3
68.8
61.9

156.7
71.0
63.0

159.3
72.1
63.9

166.3
75.7
66.5

177.0
85. 3
67.4

178.6
84.5
69.3

376.3
65.3
189. 8
36.4

409.2
70.2
209.5
39.1

442.7
76.3
225.5
41.4

372.1
65.4
186.0
36.6

383. 9
66.4
193. 8
38.0

388.5
65.0
198.1
39.2

394.0
66.6
202.6
38.2

406.4
69.8
207.9
39.1

415.0
71.5
212.1
39.1

421.9
73.0
215.4
39.8

430.4
74.2
219. 3
40.6

437.1
74.3
223.8
40.3

444.7
76.9
227.0
41.2

458.8
79.9
232. 0
43.5

466. (
>
79. 3
237. 9
44.1

474.4
80.4
244.8
44.3

Services, total 9
Household operation
Housing
Transportation

391. 3
56.1
136. 5
30.7

438.2
64.2
150.8
32.2

492.3
73.0
167. 9
36.8

385.0
55. 4
134.6
30.5

397.4
57.2
138.2
31.1

408.9
59. 3
141.7
31.6

419.7
61.4
145.1
31.6

431.7
63.7
148.5
31.6

443.4
65.3
152.4
32.2

457. 9
66.3
157. 2
33.2

472.4
69.5
161. 5
34.8

484.6
70.4
166.2
36.3

498.2
73.1
170.4
37.6

513.9
78.8
173.7
38.7

80.7
177. 6
39. 5

541.1
79.2
181.9
40.5

214.6

189.1

243.3

219. 9

210.7

210. 4

175.1

171.2

205.4

204.7

231.3

244.4

254.3

243.4

271.8

294.9

Gross national product, totalf

do
do
do
do

Gross private domestic investment, total...do.

1,528.8

1,564.9

1,600.7

1,651.2

1,691.9

1,727.3

Fixed investment
Nonresident ial
Structures
Producers' durable equipment

do.
do.
do.
do.

205.7
150. 6
54.5
96.2

200.6
149.1
52. 9
96.3

230.0
161.9
55.8
106.1

207.0
150.5
55.0
95.4

208.4
153. 5
54.7
98.8

203.6
153. 2
55.6
97.5

197.1
149. 8
53. 3
96.5

196. 3
147.7
51.9
95.7

200.5
148. 2
52.8
95. 9

208.4
150.7
53.4
97.4

216.8
155. 4
54.7
100.8

226.1
159. 8
55.8
104.0

232.8
164. 9
56.0
109.0

244.3
167. 6
57.0
110.6

258. 0
177. 0
57. 9
119.2

273.2
182.4
61.0
121.4

Resident ial
Change in business inventories
Nonfarm

do
do
do

55.1
8.9
10.8

51.5
-11.5
-15.1

68.0
13. 3
14.9

56. 6
12. 9
13.0

54.9
2.3
2.4

50.5
6.8
10.7

47.3
-22.0
-25. 9

48.6
-25.1
-26.5

52.3
4.9
1.4

57.6
-3.6
-9.2

61.4
14.5
15. 9

66.3
18.3
20.4

67.8
21.5
22.0

76.7
— .9
1.4

81.0
13.8
14.1

"90.8
21.7
22.4

do.
do.
do.

6.0
137. 9
131. 9

20.4
147. 3
126. 9

162. 9
155.1

3.2
134.2
131.0

2.4
140. 6
138.2

8.2
150.5
142. 3

15.4
147.4
131.9

24.3
142.7
118.3

20.8
146. 9
126.1

20.8
152.1
131.3

10.2
153. 9
143.7

10.2
160.6
150.4

7.9
168.4
160.6

3.0
168. 5
165.6

-8.2
170. 4
178. 6

• -9.7
• 178.1
• 187. 7

302. 7
111.1
77.0
191.5

338. 9
123. 3
83. 9
215. 6

361.4
130.1
86. 8
231. 2

297. 8
108. 9
75.8
188. 9

308.0
113.0
195.0

317. 5
116. 9
79.6
200. 7

326.0
119.6
81.6
206. 4

335. 2
121.8
83.0
213.3

343. 5
123. 8
84.4
219.7

351.0
128.1
86.7
222.9

353. 6
127.6
86.3
225.9

358. 9
128. 5
86.0
230.4

363. 0
130. 2
86.4
232.7

370.0
134.2
88.4
235.8

374. 9
136. 3
89.7
238. 5

390.6
143. 6
93. 4
247. 0

1,540.3 1,693.1
697. 7
750. «
J
267. 5
299. 3
430. 2
451.6
699. 2 | 782. 0

1,387.2
622. 6
240. 5
382. 2
614. 5
150.1

1,427.8
644. 0
248.2
395. 8
635. 8
147. 9

1,445.5
643. 7
241.3
402. 3
656. 7
145.1

1,475.0
665. 8
250. 6
415. 2
670.5
138. 8

1,521.7
602. 9
263. 8
429. 1
689. 5
139. 3

1,560.0
706. 6
272. 5
434. 2
708.4
145. 0

1,604.4
283! 1
442.1
728. 3
150. 8

1,636.7
730.0
287. 6
442. 4
751. 6
155.0

1,673.7
743. 4
294. 9
448. 5
770.8
159. 4

1,705.8
754. 5
302. 7
451.8
791.8
159. 6

1,756.3
775. 6
312. 0
463. 6
813. 8
166. 9
— .9
.6
-1.6

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
Change in business inventories
Dural>le goods
Nondurable goods

do
do
do
do
do
do
do
do
do

1,404.0
62(.». 7
240.8
389. 0
626. 8
147.4
8.9
7.1
1.8

, 797. 0 "1,848.2
792.1
805. 4
326.6
329. 5
465. 6
475.9
833. 7
855. 3
171. 2
187. 5
13.8
7.8
C). 0

-11.5
— 9. 2

13. 3
4.1
9.3

12. 9
1.0
11.8

6.3
-4.0

6.8
12.2
-5.4

— 22.0
-12.8
—9.2

-25.1
-11.7
-13.4

4.9
— 2.1
7.0

-3.6
-10.3
6.7

14.5
-2.0
16.6

18.3
7.0
11.2

21.5
10.7
10. 9

1,202.1

1,274.7

1,224.5

1,216.9

1,199.7

1,169.8

1,188.2

1,220.7

1,229.8

],256.0

1,271.5

1,283.7

775.1

821.3

761.7

766.6

752. 9

756. 9

770.4

780.2

792. 8

807. 2

815.5

822.7

839. 8

850. 4

854.1

112.5
303. 9
344. 3

112.7
307. 6
354. 8

127. 5
321.6
372. 2

114.8
303. 8
343. 2

115.6
305. 3
345. 6

104. 3
301.2
347. 4

106. 2
301.8
349. 0

109. 0
308.4
353. 0

115.4
308. 6
356. 2

120. 2
311.5
361. 2

125. 4
316.1
365. 6

126. 6
319. 3
369. 6

127.1
321.5
374.0

130.7
329. 4
379. 7

136. 9
329. 7
383. 8

137.9
330. 0
386. 3

183. 6

1-11.(5

173.0

189. 8

176.6

170.6

133.0

130. 9

153.1

149. 2

168.1

175. 2

179.4

169. 2

18(i. 7

197. 2

175. 6
130. 6
45. 0
8.0

151.5
112.7
38. 8
— 9. 9

164. 5
116.8
47.7
8.5

180. 6
133.8
46. 8
9. 2

174.6
130. 6
44.0
2.0

163. 8
124. 1
39.7
6.8

152. 9
116.6
36.3
-20. 0

148. 9
112.0
36.9
-18.0

150. 2
111.0
39. 3
2. 9

153. 8
111.3
42. 6
-4.6

158. 4
113.7
44.8
9.7

163.1
115.9
47.1
12.1

165. 6
118.5
47.1
13.8

171.0
119.0
52. 0
-1.8

177. 0
124. 3

184. 0
126. 4
57. 6
13.2

17.0

13.8

10. 6

" 9. 4

264. 6
97.1
167.5

263. 3
97. 0
166. 4

270.0
101.1
168.9

21.7
11. 5
10.2

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

bil.$.

Personal c o n s u m p t i o n expenditures, t o t a l . . d o
D u r a b l e goods
N o n d u r a b l e goods
Services

do.
do.
do _

Gross private domestic i n v e s t m e n t , total.__do_
Fixed investment
Nonresident ial
^ Resident ial
Change in business inventories
N e t exports of goods a n d services

do.
....do:
do_
do.
do

Govt. purchases of goods a n d services, total do
Federal
do
State a n d l o c a l . . .
_
do

15. 9
257. 7
95. 8
161.8

22.5
263. 0
96. 7
166. 3

16. 0
264. 4
96. 5
167.9

15.4
257. 6
95.4
162. 2

15. 3
258.5
96. 4
162.1

"Revised.
* Preliminary.
t Revised series. Estimates of national income and product
and personal income have been revised back to 1973 (see p. 16 IT. of the July 1977 SURVEY);




17.9
258.3
95.7
162.6

20.5
259. 4
96. 0
163.4

24. 5
262. 3
96. 5
165.8

22. 3

264. 8
96. 9
167.8

265.4
97.4
168.0

16.8
263. 9
96. 4
167.5

16.4
264.4
96.1
168. 4

264. 6
96. 7
168.0

1,287.4 1,311.0

9. 7

1, 330.7

revisions prior to May 1976 for personal income appear on p. 28 of the July 1977 SURVEY
c
9 Includes data for items not shown separately.
Corrected.

S-l

SURVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of B U S I N E S S STATISTICS

1974

|

1975

1976

Annual total

1975

1974
IV

September 1977

I

II

1976
III

I

IV

GENERAL BUSINESS INDICATORS—Quarterly

II

1977
III

IV

I

II

III

IV

Series—Continued

NATIONAL INCOME AND PRODUCTf—Con.
Quarterly Data Seasonally

Adjusted

Implicit price deflators:!
Gross national product
Index, 1972=100..
Personal consumption expenditures
do
Durable goods
do
Nondurable goods
do
Services
do
Gross private domestic investment:
Fixed investment
do
Nonresidenti'al
do
Residential
do
Govt. purchases of goods and services
Federal
State and local

do..
do.
do.

Quarterly Data Seasonally Adjusted at Annual Rates
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
R e n t a l income of persons with capital consump um
ti
d j t t
bil
tion adjustment.
.bil $.
il.

Corp. profits with inventory valuation and capital consumption adjustments, total
bil. $.
Corp. profits with invent, val. adj.:
Domestic, total
do. -.
Financial
do...
Nonfmancial, 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
Net interest

do..
do..
do.
do.
do.
do.
do.
do.

116.02
116.9
108.4
123.8
113.0

127.18
126.5
117.9
133.1
123.5

133.88
133.2
124.7
137.7
132.3

21. 06
121.7
113.9
129. 0
117.7

24. 21
123.7
115.6
130. 6
120.3

25. 96
125.4
117.2
131.8
122.3

128. 28
127.5
118.4
134.5
124.5

130.17
129. 2
120.1
135.5
126. 8

.31.47
130.8
122.2
136. 2
129.2

133. 06
132.3
123.8
136. 9
131.1

134. 56
134.0
125.3
138.3
133.2

136. 35
135. 6
127.2
139. 3
135.4

38.13
137. 9
129.3
141. 5
137.8

140.52
139.8
129.5
143.8
140.1

117.1
115.3
122.3

132.4
132.3
132.8

139.8
138.7
142.5

124.3
123.4
127.0

128.9
128.5
130.3

131.8
131.8
131.7

133.5
133.6
133.2

135.5
135.5
135.4

136. 9
136. 8
137.1

138. 6
137.8
140.7

140. 6
139. 2
144.1

142.9
140.9
147.5

145. 8
142.5
153.7

148.5
144.4
157.6

117.5
115.9
118.4

128.9
127.5
129. 7

136.7
134.8
137.7

122.9
122.1
123.4

125.7
124.5
126. 3

127.8
126. 3
128.6

129.7
127.7
130. 9

132.3
131.5
132.7

134.0
132.4
134.9

135.7
133.7
136. 8

137.2
134.7
138. 0

139.8
138.2
140.7

142.3
140. 6
143.4

144.6
142.0
146.2

1,136.0

1,217.0

1,364.1

,159.9

,156.0

1,191.4

1,244.9

1,275.7

,321.0

1,353.9

1,379.6

1,402.1

, 036. 3
891.8
187.2
704. 6
144.5

902.2
785.4
166. 2
619. 1
116.8

904. 6
785.1
169. 8
615. 2

119. 6

914.4
792. 4
173.7
618. 6
122.1

936. 7
810.5
170. 9
633. 5
126.3

965. 6
834. 9
181.2
653. 8
130.7

875.8
764.1
160. 0
604.1
111.7

930.3
805.7
175.4
630. 3
124. 6

86.2
25.4
60. 9

86.0
23.2
62.8

88.0
18.6
69.4

83.3
22.0
61.3

78.9
18.3
60.6

84.3
22.7
61.6

90.4
20. 7
64.2

22.3

23.3

21.9

22.1

22.3

83.0

99.3

128.1

77.6

74.0

76.9
14.4
62.5
36. 6
11.5

105.4
15.0
90.3
47.9
18.5

134.6
18.2
116.4

66. 3
29. 9

73.3
14.3
58.9
32.0
9.4

77.2
15.1
62.1
29.4
9.0

5.6
9.6

9.3
0.1

11.5
8.1

6.0
11.0

126. 9
52.4
74.5
31.0
43.6

123.5
50.2
73.4
32.4
41.0

156.9
64.
92.1
35.8
56.4

-40.4
-2.9
69.0

-12.0
-12.2
79.1

999.6 1,024.9 1,046.5 1,074.2
861.5 I 882.4 I 900.2 j 923.2

, 450. 2 ' 1,505. 7
109.9 1,144. 7
980.9
951. 3
197.2
194. 8
783.6
756.4
163.8
158.6

182.
678. 8
138.1

185.4
697. 0
142.5

188.2
712.0
146. 3

192. 5
730.7
150. 9

90.4
25.5
64. 9

86.9
20.0
66.9

90.4

86.2

88.7

21. 6
68.8

16. 2
70.0

16. 6
72.0

22.2

22. 6

23.0

22.9

23.3

24.1

92.7

115.6

114.7

120.5

129. 2

133.5

123.1

125. 4

' 140.2

98.4
14.3
84.1
43.4
15.4

122. 6
14.7
107. 9
59. 6
25.9

123.2
16. 1
107.1
59.1
23.8

132.4
17.8
114.0
05.3
27.2

136.1
18.1
118.0
08. 7
32.5

139.8
18.4
121.3

130.
18.4
111.8

68. 4
31.0

62. 9
29.0

131.0
19.2
111.8
' 05. 5
31. 5

• 145.5
r 19. 9
• 125. 5
76.4
39.4

5.3
6.0

8.5
6.2

11.1
6.3

12.1
6.0

11.1
8.6

12.1
7.6

12.2
8.4

10.4

11.6
10.1

11.5
'10.8

123. 9
50.4
73.5
31.3
42.

101.5
40.8
60.8
32.0
28.8

113.9
45.
68. 2
32.2
36. 0

137.7
56.3
81.4
32.9
48.5

141.0
57. 9
83.1
32.5
50.6

153.5
03. 1
90. 4
33.6
56.8

159.2
00.1
93.1
35.0
58.1

159. 9
65. 9
94. 0
36.0
58.0

154.8

101.7
64.4
38. 5
58.8

' 174.0
' 69.7
' 104.3
40.3
'64.1

-14.1
-14.
88.4

-39. 6
—6.7
74.

-18.3
-9. 2
76.4

-9.3
-11.9
77. 0

-8.8
-13.3
79. 9

-11.8
-14.5
82.3

-12.4
-14.6
85.0

-15.5
-14.6
86.5

-20. 6
-15.0
95. 3

-17.8
-15.9
98.9

1,253.4 1,382.7
169. 0
196.
1,084.4 1,185.8
1, 004. 2 1,119.9
80.2
65.9

1,194.
178.5
1,016.2
940. 3
75.9

-11.7
-14.7
90.1

63. 9
90.
38.4
52.

-16.9
-14.8
92.0

97.0
19.7
77.3

95.1
20.7
74.3

24.9

DISPOSITION OF PERSONAL INCOME f
Personal income, total
Less: Personal tax and nontax payments
Equals: Disposable personal income
Less: Personal outlays©
Equals: Personal saving§

bil. $_
do
do
do
do

1,154.9
170.3
984.6
913.0
71.7

1,205.1 1,234.7
179. (
i
142.5
[,025.4 ,092.2
989.1
900.1
65. 4
103.1

1,393.9 1,432.2 1,476.8 '1,517.2
,269.7 1,304.0 1,338.1 1,366.7
192. 6
200. 0
209. 5 224. 4
224. 8
173. 9
179. 9
184.8
!
1,095.7 1, 124. 1 ,153.3 1,174.1 1,193.3 1,222. ( 1 252.4 1,292.5
1,019.1 l,048.(
.,080.9 1,103.8 1,128.5 1,166.3 1,201.0 1,223.9
~~ •
'
56.3
51. 4
68.5
70.3"
64.8
72.4
75.5
70. 7

NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
Manufacturing
Durable goods industries fr
Nondurable goods industries *
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 I
f
Nondurable goods indu tries f
Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation
Public utilities
Electric
Gas and other
Communication
Commercial and other
r

bil. $..
do
do
do

74
3(
9C
3(

25. 87
10. 96
4.78
6.18

29. 70
12.66
5. 61
7.05

30.41
13. 48
6. 02
7. 40

34.52
15.38
7. 27
8!l2

29. 20
12.52
5.80
6. 72

• 33.73
• 14. 84
' 6. 79
8.06

34.37
• 15. 20
'6.86
'8.3

1 39.19
18.04
8.47
9.57

10.12
.94
.62
.50
.85

17.44
. 97
.62
.4,':
.93

14.91
.92
.49
. 26

17.04
. 99
.68
.42
1.02

10. 93
1.04
.04
.26
.95

19. 14
1.05
.70
.35
.94

10. 68
1. 02
. 59
.33
.01

• 18. 88
'1.16
'.67
'.13

- 19.17
1.12
'.68
'.43
'.57

21.15
1.16
.87
.53
.47

5. 7C
4.85
.85

4. 79
4.18
. 62
2 92
4.82

5. 50
4.74
. 70
3.21
5.21

5.52
4.54
.98
3. 33
5. 19

0. 4(
5.34
1. IS
3.84
5.78

5. 55
4.78

'6.37
' 5. 34
' 1.03
3.86
' 5. 64

'6.73
' 5. 41
' 1. 21

7.63
6.25
1.38

114.72 I 118.12
122.55
125.22
112.46 I 112.10 111.8C
49.21 | 50.04
54.78 ; 54.44
48.78
47.39 ; 40.82
21.63 I 22.54 i 24.59
25.5(
22.59
21.01 I 21. (K
28.09
30.20
28.93
26. 19
26. 38
25. 7.' 27.58

130.16
50. 43
20. 30
30. 13

112. 78
47. 95
21.84
26. 11

120. 4!
52. 48
23. 68
28.81

31. 92
13.63
6. 64
6. 99

25. 82
10. 84
5.1C
5.74

28. 43
12. 15
5. 59
6.55

do.
do.
do .
do.
do.

66. 39
3.18
2.54
2.00
2.12

64. 82
3. 79
2.55
1.84
3.18

68. 01
4.0C
2.52
1.30
3.63

18. 29
.91
.78
.48

14. 98
.91
.59
.44
.62

16. 28
.97
.71
.47

do.
do.
do.
do.
do.

20. 55
17.63
2.92
13. 9(.
22.05

20.14
17.00
3.14
12.74
20. 00

22.28

5.67
4.
.87
3.
5.97

4.42
3.84
.58
3.11
4.88

4. 94
4.15
. 79
3. 22
5.19

18. 80
3.47
13. 30
20. 99

5. 07
4. 16
.91
3. 14
5. 00

do.
do.
do.
do.

116.22
48. 08
23. 28
24. 80

114.57
49. Of
22. 8(
26. 20

do..
do.
do.
do.
do.

68.14
3.5i
3. 0£
1.8:

65. 52
3. 76
2. 39
2.09
2.82

63. 68
3. 78
2. 70
1. (JO
9 75

do.
do.
do.
do.
do.

20. 91
17. 7(i
3.1
14.04
22.04

20. 28
17.03
3. 25
13. 36
20. 82

19.52 j
16.41 |
3.11
12.50
20.83

19.79
10.58
3.21
12.95
20.34

3. 21.
5.52

64. <0
3. 82
2 75
2. 12
2 99

Revised.
p Preliminary.
' Estimates (corrected for systematic biases) for JulySept. 1977 and Oct.-Doc. 1977 based on expected capital expenditures of business. Expected
2
expenditures for the year 1977 appear on p. 22 of the Sept. 1977 SURVEY.
Includes communication.
tSee corresponding note on p. S-l.
9 Includes data for items not shown
separately.
©Personal outlays comprise personal consumption expenditures, i nterest paid




30.
13.
5.
7.

1

11.67
5. 16
(i. 51

112.40
46. 01
22. 02
23. 39

3] 30
5.27

64. 98
3. 82
2. 31
1.65
3. 5«

!
S
!
j
\

05. 51
3. 83
2.08
1.18
3. 29

67.48 \ 67. 76
4.21
3.83 |
2. 69
2.64 !
1.12
1.44 |
3.44
4. 10 I

70. 78

4. l'
.i
2. 0,'i
1.41
3. 4'

21.91
18. 50
3. 30
12. 54
20. 68

21. 85
18. 82
3. 03
12.62
20. 94

23. 4C
19.
3.91
14. 3(.
21. 3t

25. 35
21.19
4. 16
14. 19
22. 07

75. 8 \
' 4. 49
' 2. 57
' 1. 13
' 2.96

77.06

25. 29
'21.11
' 1.16
15.32
'22.73

' 2 6 . 70
' 22. 21
47

73. 74
4.24
2.71
1.02
2. 90

20. 91
17. 92
3. 00
12.22
20. 44

'134.24 "138.43 '142.02
I ' 59. 16 i ' 61. 3: 61. 32
I ' 27. 26 I ' 27. 96 29. 71
I ' 32.19 ' 33. 40 34. 58

21.67
18.22
3. 45
13. 64
20. 99

r

• 1. 5 2

77.70
1. 5 1
3.19
2. 05
1.72
27 50
22 72
4. 78

1 39.081 * 38.70

by consumers to business, and personal transfer payments to foreigners (net).
§Personal savins is excess of disposable income over personal outlays.
•jData for individual durable and nondurable goods industries components appear in the
Mar., June, Sept., and Dec. issues of the SURVEY.

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