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SUEVEY OF CUKRENT BUSINESS October 1977 NATIONAL INCOME AND PRODUCT TABLES 1976 1975 1976 1977 III It 1977 1976 IV IIIP 1975 1976 III Seasonally adjusted at annual rates II IV III v 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 _. 1,528.8 1,706.5 1,691.9 1,727.3 1,755.4 1,810.8 Personal consumption expenditures.. Durable goods Nondurable goods. Services ,869.9 1,911.3 1,202.1 1,274.7 1,271.5 1,283.7 1,287.4 1,311.0 1,330.7 1,343. 2 980.4 1,094.0 1,078.5 1,102.2 1,139.0 1,172. 4 , 194.0 1,216.7 775.1 821.3 815.5 822.7 839.8 850.4 854.1 858.0 132.9 409.3 438.2 158.9 442.7 492.3 156.7 437.1 484.6 159.3 444.7 498.2 166.3 458.8 513.9 112.7 307.6 354.8 127.5 321.6 372.2 126.7 319.3 369.6 127.1 321.5 374.0 130.7 329.4 379.7 136.9 329.7 383.8 137.9 330.0 386.3 136.4 329.1 392.6 177.0 466.6 528.8 178.6 474.4 541.1 177.7 477.2 561.8 189.1 243.3 244.4 254.3 243.4 271.8 294.9 300.6 141.6 173.0 175.2 179.4 169.2 186.7 197.2 198.7 200.6 230.0 226.1 232.8 244.3 258.0 273.2 280.8 151.5 164.5 163.1 165.6 171.0 177.0 184.0 185.5 Nonresidential Structures Producers' durable equipment.. 149.1 52.9 96.3 161.9 55.8 106.1 159.8 55.8 104.0 164.9 56.0 109.0 167.6 57.0 110.6 177.0 57.9 119.2 182.4 61.0 121.4 187.7 62.6 125.1 112.7 36.3 76.5 116.8 37.1 79.7 115.9 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 88.1 127.7 38.7 89.0 Kesidential Nonfarm structures Farm structures Producers' durable equipment.. 51.5 49.5 .9 1.1 68.0 65.7 1.0 1.3 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 93.1 90.6 1.1 1.5 38.8 37.1 .7 47.7 46.0 .7 1.0 47.1 45.4 .7 1.0 47.1 45.4 .6 1.0 52.0 50.2 .7 1.1 52.7 50.9 .7 1.1 57.6 55.7 57.8 56.0 .7 1.1 -11.5 -15.1 3.6 13.3 14.9 -1.6 18.3 20.4 -2.2 21.5 22.0 -.5 1.4 -2.3 13.8 14.1 21.7 22.4 -.7 19.8 19.3 .5 -9.9 -11.2 1.2 8.5 10.1 -1.6 13.8 14.4 -.6 -1.8 .7 -2.5 9.7 9.9 -.2 13.2 13.6 -.5 13.2 12.8 .4 Gross private domestic investment. Fixed investment Change in business inventories. Nonfarm Farm 20.4 7.8 10.2 7.9 3.0 -8.2 -9.7 -11.6 22.5 16.0 12.1 14.3 -2.1 16.4 17.0 13.8 10.6 9.4 9.5 147.3 126.9 162.9 155.1 160.6 150.4 168.4 160.6 168.5 165.6 170.4 178.6 178.1 187.7 174.9 186.6 67.4 95.8 79.8 95.2 78.9 97.9 80.9 96.9 83.1 96.9 86.3 98.5 89.1 96.8 87.3 338.9 361.4 358.9 363.0 370.0 374.9 390.6 405.6 263.0 264.4 264.5 264.6 264.6 263.3 270.0 277.0 123.3 83.9 39.4 215.6 130.1 86.8 43.3 231.2 128.5 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 50.2 247.0 151.5 97.3 54.2 254.1 96.7 96.5 96.1 96.7 97.1 97.0 101.1 105.6 166.3 167.9 168.4 168.0 167.5 166.4 168.9 171.4 Gross national product.. 1,528.8 1,706.5 1,691.9 1,727.3 1,755.4 1,810.8 1,869.9 1,911.3 1,202.1 1,274.7 1,271.5 1,283.7 1,287.4 1,311.0 1,330.7 1,343. 2 Final sales Change in business inventories. Goods Final sales Change in business inventories. 1,540.3 1,693.1 1,673.7 1,705.8 1,756.3 1,797. 0 1,848.2 1,891.5 1, 212. 0 1,266. 2 1, 259.4 1, 269.8 1, 289. 2 1,301. 2 1,317.5 13.2 12.1 9.7 -1.8 21.5 19.8 8.5 13.8 -11.5 13.8 21.7 -9.9 13.3 18.3 -.9 1,330.1 13.2 Net exports of goods and services Exports Imports Government purchases of goods and services.. Federal National defense.. Nondefense State and local Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5) 686.2 697.7 -11.5 764.2 750.9 13.3 761.7 743.4 18.3 776.0 754.5 21.5 774.7 775.6 -.9 805.9 792.1 13.8 827.1 805.4 21.7 835.0 815.3 19.8 538.8 548.7 -9.9 580.1 571.6 8.5 579.8 567.6 12.1 586.9 573.0 13.8 581.9 583.7 -1.8 602.4 592.7 9.7 608.5 595.3 13.2 610.9 597. 7 13.2 Durable goods Final sales Change in business inventories. 258.2 267.5 -9.2 303.4 299.3 4.1 301.9 294.9 7.0 313.4 302.7 10.7 312.6 312.0 .6 334.4 326.6 7.8 341.0 329.5 11.5 339.6 330.9 8.7 212.0 219.2 -7.2 235.2 232.4 2.8 235.9 230.9 5.0 240.8 233.5 7.2 237.0 237.0 .1 252.3 246.7 5.6 254.7 247.4 7.3 251.9 246.1 5.8 Nondurable goods Final sales Change in business inventories. 428.0 430.2 -2.2 460.9 451.6 9.3 459.7 448.5 11.2 462.6 451.8 10.9 462.1 463.6 -1.6 471.5 465.6 6.0 486.1 475.9 10.2 495.4 484.3 11.1 326.8 329.5 -2.7 344.9 339.3 5.7 343.9 336.8 7.1 346.1 339.5 6.6 344.8 346.7 -1.9 350.1 346.0 4.2 353.8 347.9 5.8 359.0 351.6 7.4 699.2 143.5 782.0 169.2 770.8 159.4 791.8 159.6 813.8 166.9 833.7 171.2 855.3 187.5 884.7 191.5 560.7 102.7 584.7 109.9 581.7 110.1 587.9 108.8 593.6 111.9 597.1 111.5 602.9 119.3 612.8 119.6 Services.-.. Structures.. Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8) Gross national product _ 1,528.8 1,706.5 1,691.9 1,727.3 1,755.4 1,810.8 1,869.9 1,911.3 1,202.1 1,274.7 1,271.5 1,283.7 1,287.4 1,311.0 1,330.7 1,343.2 1,303.3 1,322.8 1,335.7 1,518.3 1,692.1 1,678.4 1,712.0 1,740.9 1,793.2 1,851.4 1,893.4 1,197.3 1,268.0 1,265.1 1,276.7 1,280.9 Gross domestic product Business Nonfarm Nonfarm less housing. Housing Farm Statistical1 discrepancy.. Residual 433.3 1,463. 0 1,485. 2 1,532.3 1, 586. 4 1, 623. 3 1,013. 7 1, 082. 0 1,079.3 1,090.5 1, 093.9 1,116. 2 1,134. 9 1,146. 2 378.0 1,409.4 1,433.4 1,478.0 1, 536. 7 974.3 1,043. 8 1,042. 5 1,051.2 1,054. 8 1,077.8 1,099.8 1,110. 2 966.7 987.8 996.9 247.0 1, 275.4 1,296.8 1,337.4 1,392.7 944.7 934.9 934.0 870.5 941.6 112.1 111.1 144.1 148.0 140.6 113.4 134.0 130.9 136.5 110.2 108.8 108.5 103.7 109.6 34.9 35.1 50.8 47.3 35.8 45.6 51.0 50.9 48.4 34.1 33.0 32.3 33.8 32.2 -1.2 4.5 3.3 8.0 5.3 2 .2 .2 3.4 4.9 7.0 5.6 4.5 5.2 1,289.6 1,444.3 1,234. 6 1,390.9 1,115.1 1, 258.7 132.3 119.5 47.9 49.2 5.5 5.9 Households and institutions- 50.4 Government Federal State and local- 56.2 55.5 56.4 58.3 60.4 62.0 38.9 40.2 40.3 40.0 40.6 40.6 41.2 41.6 146.2 48.5 97.7 146.4 48.6 97.8 146.5 48.6 97.9 146.7 48.6 98.1 147.9 48.7 99.2 7.0 6.5 7.7 7.9 7.5 178.2 59.0 119.2 191.6 62.4 129.2 61.6 128.1 192.6 61.8 130.7 197.5 64.7 132.8 200.5 65.4 135.1 203.1 65.5 137.6 206.5 65.8 140.7 144.6 48.5 96.1 145.8 48.4 97.3 145.5 48.3 97.2 10.5 14.4 13.5 15.3 14.4 17.6 18.4 17.9 4.9 6.7 6.4 Rest of the world. p Preliminary (see other footnotes on following page). HISTORICAL STATISTICS The national income and product data for 1929-72 are in The Documents; see addresses inside front cover). Data for 1973 and 1974-76 are in the July 1976 and July 1977 issues of the SURVEY, Statistical Tables (available for $4.95, SN 003-010-00052-9, from respectively (except for seasonally unadjusted quarterly estimates, Commerce Department District Office or the Superintendent of which are in the September 1976 and August 1977 issues). National Income and Product Accounts of the United States, 1929-7'4: \ •— — - » - - — — J - _ _ — _ _ _ _ _ _ 7 -^ _• x Jt —• — _• CURRENT BUSINESS STATISTICS XHE 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 $5.10) provides a description of each series, references to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1971 through 1974 (1964-74 for major quarterly series), annually, 1947-74; for selected series, monthly or quarterly, 1947-74 (where available). Series added or significantly revised after the 1975 BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively. Unless otherwise noted, revised monthly data for periods not shown herein corresponding to revised annual data are available upon request. The sources of the data are given in the 1975 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and are also listed alphabetically on pages 187-88. Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided through the courtesy of the compilers, and are subject to their copyrights. OF CUKRENT BUSINESS. 1975 1974 Unless otherwise stated in footnotes below, data through 1974 and descriptive notes are as shown in the 1975 edition of BUSINESS STATISTICS 1974 1976 III 1975 IV I II 1977 1976 III IV I II Annual total III IV I II III Seasonally adjusted quarterly totals at annual rates GENERAL BUSINESS INDICATORS—Quarterly Series NATIONAL INCOME AND PttODUCTf Gross national product, totalf bil.$_ Personal consumption expenditures, total.,do Durable goods, total 9 do. Motor vehicles and parts do. Furniture and household equipment do Nondurable goods, total? do.. Clothing and shoes do. Food_._ do. Gasoline and oil do. Services, total 9 do. HousehoId operation do. Housing _ do. Transportation. do. Gross private domestic investment, total...do Fixed investment do.. Nonresidential __ do.. Structures __do_. Producers' durable equipment _do_. Residential do. Change in business inventories do. Nonfarm do. Net exports of goods and services do. Exports do. Imports do. Govt. purchases of goods and services, total .do Federal do. National defense do. State and local do. By major type of productrf Final sales, total. Goods, total. Durable goods Nondurable goods Services Structures Change in business inventories Durable goods Nondurable goods 1,412.9 1,528.8 1,706.5 889.6 980.4 1,094.0 909.0 916.2 936.5 965.9 995.1 1,024.1 122.0 48.0 54.9 132.9 53.9 58.0 158.9 71.9 63.9 127.7 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 61.0 376.3 65.3 189.8 36.4 409.3 70.2 209.5 39.1 442.7 76.3 225.5 41.4 383.9 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 '39.7 415.0 71.5 212.1 39.1 391.3 56.1 136.5 30.7 438.2 64.2 150.8 492.3 73.0 167.9 36.8 397.4 408.9 59.3 141.7 31.6 419.7 61.4 145.1 31.6 431.7 63.7 148.5 31.6 1,430.1 1,452.4 1,453.0 1,496.6 1,564.9 1,600.7 1,651.2 1,691.9 1,727.3 1,755.4 1,810.8 1,869.9 1,911.3 57.2 138.2 31.1 ,056.0 1,078.5 1,102.2 1,139.0 1,172. 4 1,194.0 1,216.7 156.7 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 69.3 421.9 73.0 215.4 39.8 153.3 68.8 '62.0 430.4 74.2 219.3 40.6 437.1 74.3 '223.9 40.3 444.7 76.9 227.0 41.2 458.8 79.9 232.0 43.5 466.6 237.9 44.1 474.4 80.4 244.8 44.3 81.6 70.7 477.2 83.0 245.0 44.2 443.4 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 38.7 528.8 80.7 177.6 39.5 541.1 79.2 181.9 40.5 561.8 86.5 186.7 44.2 79.3 214.6 189.1 243.3 210.7 210.4 175.1 171.2 205.4 204.7 231.3 244.4 254.3 243.4 271.8 294.9 300.6 205.7 150.6 54.5 96.2 200.6 149.1 52.9 96.3 230.0 161.9 55.8 106.1 208.4 153.5 54.7 203.6 153.2 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 '95.4 208.4 150.7 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 61.0 121.4 280.8 187.7 62.6 125.1 55.1 8.9 10.8 51.5 -11.5 -15.1 68.0 13.3 14.9 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 19.8 19.3 6.0 137.9 131.9 20.4 147.3 126.9 7.8 162.9 155.1 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 -11.6 174.9 186.6 302.7 111.1 77.0 191.5 338.9 123.3 83.9 215.6 361.4 130.1 86.8 231.2 308.0 113.0 77.9 195.0 317.5 116.9 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 93.4 247.0 405.6 151.5 97.3 254.1 1,540.3 1,693.1 1,427.8 1,445.5 1,475.0 1,521.7 697.7 692.9 750.9 644.0 643.7 665.8 267.5 263.8 299.3 248.2 241.3 250.6 430.2 429.1 451.6 395.8 402.3 415.2 699.2 689.5 782.0 635.8 656.7 670.5 143.5 139.3 160.2 147.9 145.1 138.8 1,506.6 706.6 272.5 434.2 708.4 145.0 do. do. do. do. do. do. do.. do.. do. 1,404.0 629.7 240.8 389.0 626.8 147.4 Gross national product, totalf bil.$ Personal consumption expenditures, total ..do Durable goods .do. Nondurable goods do. Services do. Gross private domestic investment, total...do Fixed investment .do. Nonresidential do . Residential .do. Change in business inventories do. 1,217.8 8.9 7.1 1.8 -11.5 -9.2 -2.2 13.3 4.1 9.3 2.3 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 1,604.4 1,636.7 1,673.7 1,705.8 1,756.3 L, 797.0 1,848.2 1,891.5 775.6 725.2 754.5 730.0 743.4 792.1 ' 805.4 815.3 312.0 283.1 302.7 294.9 287.6 326.6 329.5 330.9 484.3 463.6 442.1 451.8 448.5 442.4 465.6 475.9 813.8 728.3 791.8 770.8 751.6 833.7 855.3 884.7 191.5 166.9 150.8 159.6 159.4 155.0 171.2 187.5 19.8 -3.6 14.5 21.5 21.7 13.8 18.3 8.7 -10.3 -2.0 7.0 10.7 7.8 11.5 11.1 6.7 16.6 11.2 10.9 6.0 -1.6 10.2 GNP in constant (1972) dollars! Net exports of goods and services do. Govt. purchases of goods and services, total do... Federal State and local do... do.._ 1,202.1 1,274.7 1,216.9 1,199.7 1,169.8 1,188.2 1,220.7 1,229.8 1,256.0 1,271.5 1,283.7 1,287.4 1,311.0 1,330.7 !L, 343.2 760.7 775.1 821.3 766.6 752.9 756.9 770.4 780.2 792.8 807.2 815.5 822.7 839.8 850.4 854.1 858.0 112.5 303.9 344.3 112.7 307.6 354.8 127.5 321.6 372.2 115.6 305.3 345.6 104.3 301.2 347.4 106.2 301.8 349.0 109.0 308.4 353.0 115.4 303.6 356.2 120.2 311.5 361.2 125.4 316.1 365.6 '126.7 319.3 369.6 127.1 321.5 374.0 130.7 '329.7 379.7 136.9 329.7 383.8 137.9 330.0 386.3 136.4 329.1 392.6 183.6 141.6 173.0 176.6 170.6 133.0 130.9 153.1 149.2 168.1 175.2 179.4 169.2 186.7 197.2 198.7 175.6 130.6 45.0 8.0 151.5 112.7 38.8 -9.9 164.5 116.8 47.7 8.5 174.6 130.6 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 52.7 9.7 184.0 126.4 57.6 13.2 185.5 127.7 57.8 13.2 15.9 22.5 16.0 15.3 17.9 20.5 22.7 22.3 16.8 16.4 17.0 13.8 10.6 9.4 9.5 270.0 101.1 168.9 277.0 105.6 171.4 257.7 95.8 161.8 263.0 96.7 166.3 264.4 96.5 167.9 258.5 96.4 162.1 258.3 95.7 162.6 r Revised. ? Preliminary. f Re vised series. Estimates of national income and product and personal income have been revised back to 1973 (see p. 16 ff. of the July 1977 SURVEY); 259.4 96.0 163.4 24.5 262.3 96.5 165.8 264.8 96.9 167.8 265.4 97.4 168.0 263.9 96.4 167.5 '264.5 96.1 168.4 264.6 96.7 168.0 264.6 97.1 167.5 263.3 97.0 166.4 revisions prior to May 1976 for personal income appear on p. 28 of the July 1977 SURVEY 9 Includes data for items not shown separately. c Corrected. S-l 248-285 O - 77 - SI October 1977 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 BUSINESS STATISTICS 1974 | 1975 ! 1976 IV Annual total 1975 1974 I II 1976 I IV III GENERAL BUSINESS INDICATORS—Quarterly II 1977 III IV II I IV Series—Continued NATIONAL INCOME AND PRODUCTf-Con. Quarterly Data Seasonally Adjusted Implicit price deflators :f 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 do Federal do. State and local do. Quarterly Data Seasonally Adjusted at Annual 116.02 116.9 108.4 123.8 113.6 127.18 126.5 117.9 133.1 123.5 133.88 133.2 124.7 137.7 132.3 121.06 121.7 113.9 129.0 117.7 117.1 115.3 122.3 132.4 132.3 132.8 139.8 138.7 142.5 124.3 123.4 127.0 117.5 115.9 118.4 128.9 127.5 129.7 136.7 134.8 137.7 122.9 122.1 123.4 124. 21 125. 96 128. 28 123.7 125.4 127.5 117.2 115.6 118.4 131.8 130.6 134.5 122.3 120.3 124.5 130.17 129.2 120.1 135.5 126.8 131.47 130.8 122.2 136.2 129.2 133.06 132.3 123.8 136.9 131.1 134.56 134.0 125.3 138.3 133.2 136.35 135.6 127.2 139.3 135.4 138.13 137.9 129.3 141.5 137.8 140.52 139.8 129.5 143.8 140.1 142.29 141.8 130.3 145.0 143.1 128.9 128.5 130.3 131.8 131.8 131.7 133.5 133.6 133.2 135.5 135.5 135.4 136.9 136.8 137.1 138.6 137.8 140.7 140.6 139.2 144.1 142.9 140.9 147.5 145.8 142.5 153.7 148.5 144.4 157.6 151.4 147.0 161.0 125.7 124.5 126.3 127.8 126.3 128.6 129.7 127.7 130.9 132.3 131.5 132.7 134.0 132.4 134.9 135.7 133.7 136.8 137.2 134.7 138.6 139.8 138.2 140.7 142.3 140.6 143.4 144.6 142.0 146.2 146.4 143.4 148.3 Rates National income, totalf bil. $.. 1,136.0 1,217.0 1,364.1 1,159.9 1,156.0 1,191.4 1,244.9 1,275.7 1,321.0 1,353.9 1,379.6 1,402.1 914.4 965.6 999.6 , 024.9 1,046.5 1,074.2 936.7 930.3 , 036. 3 902.2 904.6 Compensation of employees, total. .do 875.8 792.4 882.4 785.4 923.2 900.2 805.7 785.1 764.1 891.8 Wages and salaries, total do 810.5 834.9 861.5 173.7 185.4 166.2 188,2 192.5 175.4 169.8 160.0 187.2 Govt. and govt. enterprises do 176.9 181.2 182.7 618.6 697.0 619.1 712.0 730.7 630.3 704. 7 615.2 604.1 Other.. do 633.5 653.8 678.8 122.1 142.5 116.8 146.3 124.6 119.6 150.9 111.7 Supplements to wages and salaries. .do 144.5 126.3 130.7 138.1 Proprietors' income with inventory valuation and capital consumption adjustments, 84.3 83.3 90.4 86.9 90.4 86.2 90.4 88.7 86.2 86.0 78.9 total bil. $.. 88.0 22.7 22.0 21.6 16.2 16.6 18.3 Farm do 25.4 23.2 18.6 <26. 2 25.5 20.0 61.6 61.3 68.8 70.0 72.0 60.6 60.9 Nonfarm ...do 62.8 69.4 64.2 64.9 66.9 Rental income of persons with capital consump22.3 22.6 23.0 22.9 24.1 21.9 22.1 23.3 22.2 21.4 22.3 23.3 tion adjustment bil. $.. Corp. profits with inventory valuation and capi77.6 114.7 126.5 74.0 92.7 129.2 83.6 115.6 tal consumption adjustments, total bil. $.. 128.1 133.5 123.1 99.3 Corp. profits with invent, val. adj.: 73.3 123.2 132.4 130.2 98.4 136.1 77.2 76.9 105.4 139.8 122.6 134.6 Domestic, total .do 14.3 18.4 14.3 15.1 18.1 18.4 15.0 14.4 18.2 Financial do... 14.7 16.1 17.8 58.9 84.1 62.1 118.0 90.3 121.3 111.8 62.5 116.4 Nonfinancial, total 9 do... 107.9 107.1 114.6 32.0 43.4 29.4 68.7 47.9 68.4 62.9 36.6 66.3 59.6 59.1 65.3 Manufacturing, total 9 do 15.4 9.0 32.5 18.5 9.4 31.0 29.0 29.9 11.5 Durable goods do... 25.9 23.8 27.2 Transportation, communication, and 8.5 12.1 6.0 12.1 11.1 12.2 10.4 9.3 5.3 5.6 11.5 11.1 electric, gas, and sanitary serv._.bil. $. 11.0 6.2 7.6 8.4 6.1 6.3 6.0 8.6 8.1 Rest of the world do 7.7 6.0 159.2 141.0 153.5 123.9 113.9 154.8 123.5 159.9 101.5 137.7 126.9 156.9 Profits before tax, total do.. 66.1 50.4 <=45. 9 63.9 50.2 65.9 52.4 64.7 40.8 56.3 57.9 63.1 Profits tax liability do.. 73.5 68.2 93.1 90.9 73.4 94.0 74.5 92.1 60.8 Profits after tax do.. 81.4 83.1 90.4 31.3 32.2 38.4 32.4 35.0 36.0 31.0 35.8 32.0 32.9 32.5 33.6 Dividends .do. 42.2 36.0 52.5 41.0 58.0 58.1 43.6 56.4 28.8 48.5 50.6 56.8 Undistributed profits do. -9.3 -12.0 -14.1 -39.6 -18.3 - 8 . 8 -11.8 -12.4 -15.5 -11.7 -16.9 -40.4 Inventory valuation adjustment... .do. -6.7 - 9 . 2 - 1 1 . 9 - 1 3 . 3 - 1 4 . 5 - 1 4 . 6 - 1 4 . 6 - 1 4 . 7 -14. -12.2 -14.7 -2.9 Capital consumption adjustment do. 92.0 90.1 74.9 77.6 86.5 76.4 88.4 69.0 79.1 79.9 82.3 85.0 Net interest . do. DISPOSITION 450.2 1,505.7 109.9 951.3 194.8 756.4 158.6 , 144.7 980.9 197.2 783.6 163.8 , 165.6 997.1 200.6 796. 5 168.5 95.1 20.7 74.3 97.0 19.7 77.3 95.5 15.5 80.0 24.5 24.9 25.5 125.4 140.2 131.0 19.2 111.8 '65.2 31.5 145.5 19.9 125.5 76.4 39.4 11.6 10.1 11.5 ••10.7 161.7 64.4 97.2 38.5 58.8 174.0 69.7 104.3 40.3 64.1 -20. 6 -15.6 95.3 -17.8 -15.9 98.9 42.3 -6.1 -17.9 102.9 OF PERSONAL I N C O M E t Personal income, total Less: Personal tax and nontax payments Equals: Disposable personal income Less: Personal outlays© Equals: Personal saving§ bil. $_. 1,154.9 170.3 do 984. 6 do 913.0 do do... 71.7 1,253.4 1,382.7 1,194.7 1,205.1 1,234.7 1,269.7 1,304.0 1,338.1 1,366.7 1,393.9 1,432.2 192.6 209.5 200.6 178.5 142.5 196.9 169.0 179.6 173.9 179.9 184.8 1,084. 4 L, 185.8 1,016. 2 1,025.4 1,092.2 1,095.7 1,124.1 1,153.3 1,174.1 1,193.3 1,222.6 989.1 1,019.1 1,048.6 1,080.9 1,103.8 1,128.5 1,166. 3 940.3 960.1 1, 004. 2 1,119.9 70.3 56.3 103.1 64.8 75.9 65.4 80.2 65.9 76.7 75.5 72.4 ,476.8 1,517.2 1,548.3 227.8 224.8 224.4 ,252.4 1,292.5 1,320. 5 , 201.0 1,223.9 1,248.0 72.5 68.5 51.4 NEW PLANT AND E Q U I P M E N T EXPENDITURES Unadjusted quarterly or annual totals: All industries Manufacturing Durable goods industries % Nondurable goods industries 1 112. 40 46.01 22.62 23.39 112. 78 47.95 21.84 26.11 120. 49 52.48 23.68 28.81 31.92 13.63 6.64 6. 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 30.41 13.48 6.02 7.46 34.52 15.38 7.27 8.12 29.20 12.52 5.80 6.72 33.73 14.84 6.79 8.06 i 34.37 15.20 6.86 8.34 i 39.19 18.04 8.47 9.57 66.39 3.18 2.54 2.00 2.12 64.82 3.79 2.55 1.84 3.18 68.01 4.00 2.52 1.30 3.63 18.29 .91 .78 14.98 .91 .59 .44 .62 16.12 17.44 14.91 .94 .62 .50 .85 .97 .62 .43 .93 .92 .49 .26 .72 17.04 .99 .68 .42 1.02 16.93 1.04 .64 .26 .95 19.14 1.05 .70 .35 .94 16.68 1.02 .59 .33 .61 18.88 1.16 .67 .43 .76 19.17 1.12 .68 .43 .57 21.15 1.16 .87 .53 .47 20.55 17.63 2.92 13.96 22.05 20.14 17.00 3.14 12.74 20.60 22.28 18.80 3.4' 13.30 20.99 5.6; 4.80 4.42 3.84 .58 3.11 4.88 16.28 .97 .71 .47 .77 4.94 4.15 .79 3.22 5.19 5.07 4.16 5.70 4.85 4.79 4.18 2.92 4.82 6.46 5.34 1.12 3.84 5.78 5.55 4.78 .77 3.30 5.27 6.37 5.34 1.03 3.86 5.64 7.63 6.25 1.38 3.26 5.52 5.52 4.54 .98 3.33 5.19 6.73 5.49 1.24 3.14 5.00 5.50 4.74 .76 3.21 5.21 114.57 112.46 49.05 48.78 22. 86 22.59 26.20 26.19 112.16 47.39 21.01 26.38 111.80 46.82 21.07 25.75 114. 72 49.21 21.63 27.58 118.12 50. 64 22.54 28.09 122.55 54.78 24.59 30.20 125.22 54.44 25.50 130.16 56.43 26.30 30.13 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 04.98 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 67.76 4.21 2.69 1.12 3.44 70.78 4.13 2.63 1.41 3.49 73.74 4.24 2.71 1.62 2.96 75.84 4.49 2.57 1.43 2.96 77.06 4.52 2.74 1.84 2.18 77.70 4.54 3.19 2.05 1.72 20.93 20.28 Public utilities do. 17.76 17. Electric do. 3.1" 3.25 Gas and other do. 14.04 13.36 Communication do. 22.04 20.82 Commercial and other do. r Revised. v Preliminary. i Estimates (corrected for systematic biases) for JulySept. 1977 and Oct.-Dec. 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, interest paid 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 12.62 20. 94 21.67 18.22 3.45 13.64 20.99 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 26.70 22.24 4.47 27.50 22.72 4.78 Nonmanufacturing Mining Railroad Air transportation Other transportation Public utilities Electric Gas and other Communi cation Commercial and other Seas. adj. qtrly. totals at annual rates: All industries Manufacturing Durable goods industries f Nondurable goods indu tries 1 Nonmanufacturing Mining Railroad Air transportation Other transportation bil. $. do... do... do... do. do. do_ do. do. do do. do. do. do. 3.78 5.9' do. do. do. do. 116.22 48.08 23.28 24.80 do_. do.. do. do.. do_ 68.14 3.56 3.05 1.81 2.71 .91 .85 .62 2 9.65 210.48 134.24 U38.43 142.02 59.46 64.32 61.37 27.26 29.74 27.96 32.19 33.40 34.58 2 39. 01 '38.70 by consumers to business, and personal transfer payments to foreigners (net). §Personal saving is excess of disposable income over personal outlays. •jData for individual durable and nondurable goodsCindustries components appear in the Mar., June, Sept., and Dec. issues of the SURVEY. Corrected.