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SURVEY OF CURRENT BUSINESS

December 1975

NATIONAL INCOME AND PRODUCT TABLES
1975

1974
1973

II

1974

rv

III

I

1974

III

II

1973

II

1974

IV

III

Seasonally adjusted at annual rates

1975

I

II

III

Seasonally adjusted at annual rates

Billions of current dollars

Billions of 1958 dollars

Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
1, 294. 9 1, 397. 4 1, 383. 8 1,416.3 1, 430. 9 1,416.6 1,440.9 1, 504. 4

Gross private domestic investment
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential structures
-.
Nonfarm
Farm
Nonfarm
Farm

-

....
.

780 0

783 6

808.6

938.6

968.8

552.1

539.5

542.7

547.2

528 2

531 5

539 7

548 6

127.5
380.2
369.0

129.5
375.8
363.8

136.1
389.0
376.2

120.7
391.7
383.5

124.9
398.8
389.5

130.6
410.1
397.9

138.6
422.7
407.5

113.6
228.6
209.9

103.1
223.7
212.6

106.8
223.6
212.2

107.8
225.8
213.7

92.8
221.4
214.1

95.2
222 5
213 7

97.9
226 4
215 5

103 2
228 1
217 3

209 4

211 8

205.8

209.4

163.1

148.1

179.1

138.1

126 7

130 3

122 7

120 5

89 3

80 7

97 5

195.2

198.3

197.1

191.6

182.2

179.1

184.6

127.3

118.0

122.2

117.7

109.6

101 0

97.8

99 g

136.8
47.0
89.8
57.2
56.7

149.2
52.0
97.1
46.0
45.2

149.4
52.2
97.2
48.8
48.0

150.9
51.0
99.9
46.2
45.4

146.9
52.8
94.2
35.3
34.8

.7

.5

142.7
49.1
93.6
36.4
35.6

143.6
49.6
94.0
41.0
40.0

94.4
25.4
69.0
32.9
32.6

94.0
26.2
67.8
24.0
23.6

1.0

.3

.4

96.5
26.6
69.9
25.7
25.3

94.1
25.4
68.7
23.6
23.1

89.2
26.1
63.1
20.4
20.1

.8

.8

151.2
53.7
97.5
40.4
39.7

83 8
25.2
58 6
17 3
17.0

80 3
23.5
56 8
17 5
17.1

80
23
56
19
19

14.2
11.9

8.7
6.6
2.1

17.8
17.5

-31.0
-30.6

—5 5
-7.2

10 8

8 2

50

6.4
1.8

3.9
1.1

10 9
10.7

11 7

.3

—19.2
-17.8
-1.4

—17 1
—16.8
— 2

.7

.

.4

.4

2

.4

4

5

2 3
—3 2

1.8

8.9
1.8

16.2

13.0

4.6

9.0

8.2

7.3

9.1

11 6

14 0

12 4

142.2
133.4

136.0
119.8

142.7
129.8

66.6
62.0

71.9
62.9

73.4
65.1

70.9
63.6

69.9
60.9

66 5
54 9

63 3
49 4

66 4
54 o

323.8

331.6

338.1

343.5

144.4

146.0

145.8

145.9

146 3

147 7

149 2

150 1

124.5
84.0
40.6
199.3

126.5
84.7
41.8
205.1

128.4
84.8
43.6
209.7

130.5
86.1
44.4
213.0

57.3

56.5

56.3

56.5

57.0

57.4

58.3

58 9

87.0

89.5

89.5

89.4

89.3

90 2

90 9

91 2

4.0

2.3
2.1

—1 5

-3.1

1.9

8.8

100.4
96.4

140.2
138.1

138.5
140.0

143.6
146.7

147.5
145.7

309.2

304 4

312.3

106.6
74.4
32.2
169.8

- --

Government purchases of goods and services

.8

4
6
8
4
0

8.7
7.4
1.2

13 5
10.4
31

276.4

-

.-

Federal
National defense
Other
State and local

804.0

913.2

3.9

-

.

823.1

895.8

.5

Net exports of goods and services
Exports
Imports

827.1

901.3

15 4
11.4

Durable goods
Nondurable goods
Services

821.2

869.1

194.0

-

876.7

209.4

--

839.2

805.2
130.3
338.0
336.9

Gross national product
Personal consumption expenditures

116.9
78.7
38.2
192.3

114.3
76.6
37.7
190 1

117.2
78.4
38.8
195.1

-.4

.2

— IO!Q

— 8

9

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
Gross national product

- - 1,294.9 1, 397. 4 1,383.8 1, 416. 3 1, 430. 9 1,416.6 1,440.9 1, 504. 4

839.2

821.2

827.1

823.1

804 0

780 0

783.6

808 (

1,279.6 1, 383 2 1 370.3 1, 407. 6 1, 413. 1 1 435.8 1,471.9 1, 509. 8
15.4
14.2
8.7
17.8 -19.2 -31.0
-5.5
13.5

-

Final sales
Change in business inventories

828.4
10.8

812.5

818 9

818.1

791 8
—11 7

800 7
—17 1

810 £
—2 I

5.0

793 1
10.9

622.7

670.3

664.9

681.7

682.6

667 0

680.5

724.5

459.1

442.8

448.9

446.0

427.1

408 3

411.1

431 1

Final sales
Change in business inventories

607.3
15.4

656.1
14.2

651.3
13.5

673. 0

8.7

664.8
17.8

686.1
-19.2

711.5
-31.0

730.0
-5.5

448.3
10.8

434.1

8.7

440.8
8.2

441.0

5.0

416.3
10.9

420.1
—11 7

428.2
— 17.1

433.'
—2 I

Durable goods
Final sales
Change in business inventories ._

250.3
240.9
9.4

256.9
249.2
7.7

246.6
248 5
—1.8

265.5
259.8
5.7

264.5
246.2
18.3

239.5
252.9
-13.4

247.0
261.7
-14.7

259. 5
268.7
-9.2

206.0
198.5
7.5

195.9
191.0

4.9

195.4
196.6
-1.2

200.2
196. 6
3.6

188.0
176.7
11.3

167 5
176 1
—8 6

169.7
177 8
—8.1

177 {
182 I
—4 <

372.4
366.5
6.0

413.4
406.9

418.2
402.9
15.4

416.2
413.2

6.5

418.1
418.6

-.5

427.5
433.2
—5.7

433.5
449.8
—16.3

465.0
461.3

253.1
249.9

246.9
243.1
3.8

253.6
244.2
9.4

245. 8
244.4

3.3

1.4

239.2
239.6
—.4

240 8
244.0
—3 2

241 4
250.3
—9 0

253 *
251.

534.4

590.3

579.2

597.8

614.5

620.9

635.3

649.5

304.5

310.9

308.3

310.7

313.7

312 2

315.0

317 *

137.8

136.8

139.7

136.7

133.9

128.8

125.2

130.3

75.5

67.5

69.8

66.4

63.2

59 5

57.5

59 (

808.6

.

Goods output

.

Nondurable goods
Final sales
Change in business inventories
Services

-.

Stru ctures

--

_

3.0

3.7

8.7

8.2

2

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

_

Households and institutions
Q eneral government
Federal
State and local
Rest of the world
Addendum: Gross private product.




1,294.9 1,397.4 1,383.8

1,416.31,430.9 1,416.6 1,440.9 1,504.4

839.2

821.2

827.1

823.1

804.0

780.0

783.6

1,286.5 1,385.6 1,374.1 1,405.2 1,418.9 1,409.4 1,432.6 1,494.7

833.9

816.9

824.1

819.8

800. 0

777.7

780.8

1,096.8 1,177.8 1,168.8 1,195.7 1,203.6 1,189.2 1,207.8 1,266.0
1,040.3 1,124.1 1,117.8 1,144.4 1,151.5 1,142.9 1,159.9 1, 210.1
56.5
51.3
53.8
51.1
52.1
46.3
47.9
55.9

753.1
725.8
27.4

733.8
706.3
27.5

741.4
712.7
28.7

736.6
708.0
28.6

716.5
690.8
25.7

693.5
666.0
27.5

41.3

47.0

805.2
720.0
691.2
28.8

46.5

48.0

48.8

50.0

51.1

52.3

18.5

18.9

18.8

18.9

18.8

18.9

19.1

19.1

166.5
57.9
108.7

170.2
58.1
112.2

173.7
58.2
115.6

176.4
58.5
117.9

62.3
21.3
41.0

64.1
21.1
43.0

63.9
21.1
42.8

64.2
21.0
43.2

64.8
21.0
43.7

65.2
21.0
44.3

65.7
20.9
44.8

66.0
20.9
45.2

12.0

7.2

8.3

9.7

5.2

4.3

3.0

3.3

4.0

2.3

2.8

3.4

758.6

739.2

714.8

718.0

742.6

148.5
52.8
95.7

160.8
55.7
105.1

158.8
55.0
103. 9

161.6
55.3
106.3

8.4

11.9

9.7

11.1

1,146.5 1,236.6 1,225.0 1,254.7 1,264.4 1,246.4 1,267.2 1,328.0

776.9

757.1

763.2

CURRENT BUSINESS STATISTICS

JLHE STATISTICS here update series published in the 1973 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. 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, 1969 through 1972 (1962-72 for major quarterly
series), annually, 1947-72; for selected series, monthly or quarterly, 1947-72 (where available). Series added or significantly revised after the 1973
BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively; certain revisions for 1972 issued too late for
inclusion in the 1973 volume appear in the monthly SURVEY beginning with the August 1973 issue. Also, 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 1973 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and
are also listed alphabetically on pages 189-90. 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.
1972
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes areas shown in
the 1973 edition of BUSINESS STATISTICS

1973 | 1974

1972

Annual total

I

III

II

1975

1974

1973

in | rv

| IV

I

II

III

| IV

I

II

III

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
1,358.8 1 3838 1 416. 3 1,430.9 1,416.6 1,440.9 ••1,504.4

1,158.0

1,294.9

Personal consumption expenditures, total.. do

729.0

805.2

876.7

736.8

757. 2

781.7

799.0

816.3

823.9

840.6

869.1

901.3

895.8

913.2

938.6

968.8

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

118.4
53.1
48.7

130.3
57.5
55.0

127.5
49.7
58.8

121.2
55.3
49.3

124.3
56.4
50.7

132.4
60.4
54.3

132.1
59.2
54.9

132.4
59.3
55.5

124.3
51.2
55.4

123.9
48.0
57.5

129.5
50.6
59.5

136.1
56.2
60.4

120.7
43.7
57.8

124.9
46.8
57.9

130.6
49.4
60.7

138.6
55.2
61.9

Nondurable goods, total 9
Clothing and shoes .
Food and beverages
Gasoline and oil

do
do
do
-do

299.7
63.0
143.7
25.0

338.0
70.2
165.1
28.3

380.2
74.1
187.7
35 9

302.0
63.7
144.7
25.1

310.9
66.0
148.5
25.8

323.3
69.1
155.9
26.8

332.7
70.1
160.9
28.0

343.8
70.6
169.1
28.7

352.1
70.9
174.5
29.8

364.4
72.8
180.1
31.5

375.8
74 4
183.5
36 8

389.0
75.7
191.3
37.9

391.7
73.7
196.0
37 5

398.8
76.2
201.4
37.8

410.1
78.7
204.8
39 6

422.7
81.2
209.2
41.8

do
.do
do
do

310.9
43.3
107.9
21.8

336.9
47.3
116.4
23.4

369 0
52.9
126.4
26 1

313.6
43.9
108.9
21.9

322.0
45.5
110.7
22.3

325.9
45.6
113.1
22.8

334.2
46.6
115.6
23.1

340.1
48.3
117.0
23.6

347.4
48.7
119.7
24.1

352.4
49.2
122.2
25.0

363 8
51 7
124.9
25 6

376.2
54.6
127.7
26.5

383 5
56 0
130.9
27 i

389.5
57.0
134.1
28.1

397 9
59.5
136.6
28 8

407.5
62.1
139.3
29.7

Gross national product, total t

Services total 9
Household operation ..
Housing .
Transportation

bll.$

.
..

1 397.4 1,169.3 1,204.7

1 248.9 1,277.9 1,308.9 1,344.0

179.3

209.4

209.4

182.1

190.2

199.0

205.1

209.0

224.5

210.5

211.8

205.8

209.4

163.1

148.1

179.1

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

170.8
116.8
41.1
75.7
54.0
53.4
8.5
7.8

194.0
136.8
47.0
89.8
57.2
56.7
15.4
11.4

195.2
149.2
52.0
97.1
46.0
45.2
14.2
11.9

171.9
117.5
40.6
76.8
54.5
53.9
10.2
9.6

179.2
122.5
42.2
80.3
56.7
56.2
11.0
10.4

189.0
130.5
44.6
85.9
58.5
58.0
10.0
6.5

194.4
135.6
46.2
89.4
58.7
58.4
10.7
7.7

197.1
139.0
47.9
91.1
58.1
57.6
11.8
7.4

195.5
141.9
49.3
92.6
53.6
53.0
28.9
24.0

193.6
145. 2
51.3
93.9
48.4
47.8
16.9
13.1

198.3
149.4
52.2
97.2
48.8
48.0
13.5
10.4

197 1
150 9
51 0
99.9
46.2
45.4
8.7
66

191 6
151.2
53.7
97.5
40.4
39.7
17.8
17.5

182.2
146.9
52.8
94.2
35.3
34.8
-19.2
-17.8

179.1
142.7
49.1
93.6
36.4
35.6
-31.0
-30.6

184. 6
143.6
49.6
94.0
41.0
40.0
-5.5
-7.2

do
do
... _. do .

-6.0
72.4
78.4

3.9
100.4
96.4

2.1
140.2
138.1

-4.8
73.3
78.1

-5.3
78.5
83.8

-.8
88.8
89.5

.5
95.4
94.9

6.7
103.7
96.9

9.3
113.6
104.3

11.3
131.2
119.9

-1.5
133.5
140.0

-3.1
143 6
146 7

1.9
147.5
145.7

8.8
142.2
133.4

16.2 '13.0
136.0 ' 142. 7
119.8
129.8

Govt. purchases of goods and services, total, do
Federal
.
.
do.
National defense
„
.
do
State and local ..^*. . ... *»****. .*..*do ...

255.7
104.9
74.8
150.8

276.4
106.6
74 4
169.8

309.2
116.9
78.7
192.3

255.1
102.7
72.6
152.4

262.6
105.2
74 7
157.4

269.0
106.4
75 0
162.6

273.3
106.2
74 0
167.1

276.9
105.3
73.3
171.6

286.4
108.4
75.3
177.9

296.3
111.5
75.8
184.8

304.4
114.3
76.6
190.1

312.3
117.2
78 4
195.1

323.8
124.5
84 0
199.3

331.6
126.5
84.7
205.1

338.1
128.4
84.8
209.7

Gross private domestic investment, total... do
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential structures
Nonfarm
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

..

..^.. .do .
do
do
.
do
..*
do
..do

*

Change in business inventories
Durable goods
.
Nondurable goods

do
do
do

1,149.5 1,279.6
535. 2
607.3
214.3
240.9
321.0
366.5
488.1 534.4
126.1
137.8

1,383.2 1,159.1 1,193.7 1,238.9 1,267.2 1,297.0 1,315.1 1,341.9 1,370.3
656.1
635.0 651.3
541.0
556.2
585.8 600.9 618.0 624.7
249.2
242.3 248.5
243.9 240.6
218.3
223.6
237.8 241 2
402.9
406.9
374.2 384.1 392.8
332.6
322.7
347.9 359.7
590.3
492.4
506.5
516.0 528.3 540.2 553.2 569.7 579.2
139.7
136.8
137.1
130.9
125.6
137.1 138.0
138.8 137.2

8.5
7.1
1.4

15.4
9.4
6.0

14.2
7.7
6.5

10.2
6.8
3.4

792 5

ooq o

821 2

7QQ 1

11.0
13.2
-2.2

10.0
6.1
3.9

343.5
130.5
86.1
213.0

1,407.6 1,413.1 1,435. 8 1,471.9 '1,509.8
730.0
686.1
711.5
673.0
664.8
252 9
259 8
261.7
268.7
246 2
433.2
461.3
413.2
449.8
418.6
635.3 •• 649. 5
597.8 614.5
620.9
125.2
130.3
136.7
128.8
133.9

10.7
7.7
3.0

11.8
9.0
2.9

28.9
14.8
14.1

16.9
8.7
8.2

13.5
-1.8
15.4

8.7
5.7
3.0

17.8
18.3
-.5

-19.2
-13.4
-5.7

A

04/1 a

845 7

830 5

827.1

823.1

804.0

780.0

783.6 •• 808. 6

539.7

542.7

547.2

528.2

531.5

539.7

548.6

107.8
225.8
213.7

92.8
221 A
214.1

95.2
222.5
213.7

97.9
226.4
215.5

103.2
228.1
217.3

-31.0
-14.7
-16.3

-5.5
-9.2
3.7

GNP in constant (1958) dollarsf
Gross national product, totalf

bil. $. .

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

.

.

do
do
do

Gross private domestic investment, total.. .do
Fixed investment
Nonresidential ...
Residential structures
Change in business inventories
Net exports of goods and services

do
do ..
do
.do
do

527.3

552.1

539.5

531.2

el A

f)

542.2

090

Q

552.9

007

553.7

555.4

546.3

104.9
220 2
202 2

113.6
228 6
209 9

103.1
223 7
212 6

106.8
221 3
203 0

110.1
225 4
206 6

117.2
228 7
207 1

115.7
228 3
209 7

114.3
230 0
211 2

107.2
227 4
211 7

105.2
223 9
210 6

106.8
223.6
212.2

125.0

138.1

126.7

126.6

130.9

134.4

136.3

135.8

145.8

133.3

130.3

122.7

120.5

89.3

80.7

97.5

117.7
94.1
23.6
5.0

109.6
89.2
20.4
10.9

101.0
83.8
17.3
-11.7

97.8
80.3
17.5
-17.1

99.8
80.4
19.4
-2.3

7.3

9.1

11.6

14.0

'12.4

118.0
83 7
34.3
7.0

127 3
94.4
32.9
10.8

118 0
94 0
24.0
8.7

-3.0

4.6

9.0

118 1
83 8
34.3
8.5

122 0
87 2
34.8
8.8

-1.4

-1.9

Govt. purchases of goods and services, total, do
143.1 144.4
143.0
146.0
141.8
Federal
do
61 0
57 3
59 5
59 2
56 5
State and local
do
82.1
87.0
89.5
82.4
83! 8
r
Revised.
» Preliminary.
f Re vised series. Estimates of national income and product
and personal income have been revised back to 1971 (see p. 11 ff. of the July 1974 SURVEY);
revisions prior to May 1973 for personal income appear on pp. 22-23 of the July 1974 SURVEY.

127 1
92 2
35.0
7.3

128 4
94 3
34.1
7.8

127 7
95 1
32.6
8.0

125 8
96 0
29.8
20.0

122 7
96 3
26.4
10.6

122.2
96.5
25.7
8.2

1.4

3.5

5.8

7.9

11.5

8.2

150.1
149.2
147.7
146.3
145.9
145.8
145.7
146.0
144.1 143.9 143.7
58.9
57.4
58.3
57.0
56.5
56 3
56.3
56 4
56 2
57 7
58 9
91.2
90.2
90.9
89.4
89.3
89.5
89.3
89.7
87.5
85.2
86.2
Revised data for national income and product and personal income customarily published
in July issues of the SURVEY have been postponed until later; see box note on p. 1 of the Dec.
1975 SURVEY.
9 Includes data not shown separately.

S-l
599-064 O - 75 - S-l




SURVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated in footnotes below, data
through 1972and descriptive notes areas shown in
the 1973 edition of BUSINESS STATISTICS

| 1973

972

1973

1974

|

I

Annual total

December 1975

II

1974

III

I

IV

II

1975
III

1

I

IV

1976
III

II

IV

I

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
Implicit price deflators :t
Gross national product
, Index, 1958=100
Personal consumption expenditures
do
Gross private domestic investment:
Fixed investment
do. _
Nonresidential
do
Residential structures
do
Govt. purchases of goods and services
do_.

154.31
145.9

170. 18
162.5

149.95
141.4

152. 61
144.3

155. 67
147.0

158. 93
150.8

163. 61
155.8

167.31
160.2

172. 07
164.7

177.97
169.6

181.62
171.8

144.8
139.6
157.4
178.6

152.4
144.9
174.0
191.5

165.3
158.7
191.4
211.8

148.7
141.7
167.1
186.7

151.4
143.9
172.1
189.9

154.3
146.1
178.1
192.6

155.4
147.9
179.7
196. 5

157.8
150.7
183.8
202.9

162.3
154.9
190.0
208.8

167.5
160.4
195.9
214.1

174.9
169.6
197.9
221.4

180.4
175.4
204.3
224.6

1,077.3 1,106.3

1,118.8

1,130.2 1,155.5

1,165.4 1.150.7

183. 88 '186.05
173.9
176.6
183.2
177.7
208.2
226.5

185. 0
178.7
210.9
228.9

946.5

1,065.6

1,142. 5

1,027.6

1,051.2

do

Nstional income totalf

707.1

786.0

855.8

759.1

776.7

793.3

814.8

828.8

848.3

868.2

877.7

875.6

885.4

906.6

do
do
.do
do
do

626.8
491.4
20.5
114.8
80.3

691.6
545.1
20.6
126.0
94.4

750.7
592.4
21.2
137.1
105.1

667.6
525.0
20.8
121.9
91.5

683.6
538.7
20.3
124.5
93.1

698. 2
550.8
20.2
127.2
95.1

717.0
565.8
21.0
130.2
97.7

727.6
573.8
21.0
132.8
101.2

744.6
588.3
20.9
135.4
103.7

761.5
602.5
20.8
138.2
106.7

769.2
605.1
22.0
142.1
108.6

765.1
597.4
22.0
145.7
110.5

773.0
601.9
21.9
149.2
112.4

791.4
617.5
21.9
152.0
115.2

75.9
54.9
21.0
25.9

96.1
57.6
38.5
26.1

93.0
61.2
31.8
26.5

89.1
57.0
32.1
26.3

92.8
57.1
35.6
25.7

99.3
57.7
41.5
26.2

103.2
58.4
44.9
26.4

98.4
59.3
39.1
26.4

89.9
60.7
29.1
26.3

92.1
62.3
29.8
26.6

91.6
62.5
29.1
26.8

84.9
62.7
22.2
27.0

86.1
63.4
22.7
27.1

94.6
64.7
29.9
27.4

92.2

105.1

105.6

103.9

105.0

105.2

106.4

107.7

105.6

105.8

103.4

94.3

104.9

' 123. 0

17.6
74.5
40.8
19.0
21.8

19.6
85.5
47.6
21.5
26.1

20.8
84.9
47.0
30.0
17.0

18.7
85.2
48.6
20.9
27.6

19.4
85.6
48.4
21.5
26.9

19.8
85.4
47.1
21.4
25.7

20.4
86.0
46.4
22.1
24.3

20.8
87.0
46.2
26.9
19.3

20.7
84.9
46.8
29.7
17.1

20.7
85.1
48.6
33.3
15.3

20.9
82.5
46.3
30.1
16.2

20.7
73.6
41.1
27.3
13.8

20.8
84.1
48.3
30.4
18.0

20.1
' 102. 9
58.9
32.6
26.3

9.2
24.6

9.2
28.7

7.8
30.1

9.4
27.2

8.8
28.4

9.5
28.8

9.2
30.3

7.1
33.7

8.0
30.1

8.6
28.0

7.5
28.7

6.8
25.7

8.1
27.8

11.4
32.6

do
do
do
do
do

99.2
41.5
57.7
27.3
30.3

122.7
49.8
72.9
29.6
43.3

140.7
55.7
85.0
32.7
52.4

120.4
48.9
71.5
28.7
42.8

124.9
50.9
74.0
29.1
44.9

122.7
49.9
72.9
29.8
43.1

122.7
49.5
73.2
30.7
42.5

135.4
52.2
83.2
31.6
51.6

139.0
55.9
83.1
32.5
50.5

157.0
62.7
94.3
33.2
61.1

131.5
52.0
79.5
33.3
46.2

101.2
39.0
62.3
33.8
28.5

113.3
43.0
70.3
34.0
36.3

' 134. 6
'52.0
'82.6
34.5
'48.1

do
do

-7.0
45.6

-17.6
52.3

-35. 1
61.6

-16.5
49.2

-20.0
51.1

-17.5
53.2

-16.3
55.5

-27.7
57.5

-33 4
60.1

-51.2
62.8

-28.1
65.9

-7.0
68.9

-8.4
71.9

-11.7
75.9

bil. $..
do
do
do
do

944.9
142.4
802.5
749.9
52.6

1,055.0 1,150.5 1,013.6 1,039.2 1,068.0
147.2
154.2
144.1
170.8
151.3
913.9
892.1
869.5
903.7
979.7
822.5
840.7
804.2
829.4
902.7
73.2
69.6
65.3
74.4
77.0

1,099.3 1,112.5 1,134.6
168.2
159.9
161.9
939.4
966.5
950.6
894.9
850.1
866.2
89.3
71.5
84.4

1,168.2
175.1
993.1
927.6
65.5

1,186.9 1,193.4 1,220.5 1,255.2
142.0
178.0
175.6
178.1
1,008.8 1,015.5 1,078.5 1,079.6
964.7 995.0
939.5
922.3
113.8
75.9
84.6
86.5

bil. $
do. .
ao. . .
do

88.44
31. 35
15. 64
15.72

99.74
38.01
19.25
18.76

112.40
46.01
22.62
23.39

21.50
7.80
3.92
3.88

24.73
9.16
4.65
4.51

25.04
9.62
4.84
4.78

28.48
ii.43
5.84
5.59

24.10
9.49
4.74
4.75

28.16
11.27
5.59
5.69

28.23
11.62
5.65
5.96

31.92
13.63
6.64
6.99

25.82
10.84
5.10
5.74

28.43 ' 27. 79 »31. 45 i
12.15 ' 11.67 ' 13. 66
5.59 '5.16 '6.20
6.55 '6.51 '7.46

26. 54
10.%
4.94
6.04

57.09

61.73

66.39

13.69

15. 57

15.42

17.05

14.61

16.89

16.61

18.29

14.98

16.28 ' 16. 12 ' 17. 79

15.56

.91
.59
.44
.62

.97
.71
.47
.77

'.94
' .62
'.50
'.85

'1.00
'.61
.43
'.65

.96
.60
.29
.65

' 5. 88
'4.88
' 1.00

5. 15
4.46
.69

bil. $..

Compensation of employees, total
Wages and salaries, total
Private
Military
,..
..
Government civilian
Supplements to wages and salaries
Proprietors' income, total 9
Business and professional 9
Farm Rental income of persons

146. 12
138.2

do
do
do..
do

- -

Corporate profits and inventory valuation adjustment total
bil $
By broad industry groups:
Financial institutions
do
Nonfinancial corporations, total
do
Manufacturing, total
do
Nondurable goods industries
do
Durable goods industries
do
Transportation, communication, and public
utilities
bil. $..
All other industries
do
Corporate profits before tax, total
Corporate profits tax liability
Corporate profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Net interest

1,175.4 '1,227.5

DISPOSITION OF PERSONAL INCOME f
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income, total
Less: Personal tax and nontax payments
Equals: Disposable personal income
Less* Personal outlays©
Equals: Personal saving§
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
..
Manufacturing
Durable goods industries 1[
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 t
Nondurable goods industries ^
Nonmanufacturing
Mining
Railroad
Air transportation

do
do
..do
do
do...

2.42
1.80
2.46
1.46

2.74
1.96
2.41
1.66

3.18
2.54
2.00
2.12

.63
.46
.52
.32

.71
.46
.72
.43

.69
.48
.57
.44

.71
.56
.60
.47

.68
.50
.47
.34

.78
.64
.61
.49

.80
.64
.43
.58

.91
.78
.48
.71

do.
do
do...
- do
do

17.00
14.48
2.52
11.89
20.07

18.71
15.94
2.76
12.85
21.40

20.55
17.63
2.92
13.96
22.05

3.95
3.45
.50
2.87
4.94

4.59
3.91
.68
3.27
5.40

4.82
4.04
.77
3.19
5.24

5.36
4.54
.82
3.53
5.83

4.38
3.85
.52
3.19
5.05

5.30
4.56
.75
3.60
5.46

5.20
4.42
.78
3.39
5.57

5.67
4.80
.87
3.78
5.97

4.42
3.84
.58
3.11
4.88

4.94
4.15
.79
3.22
5.19

'5.07
'4.16
' .91
3.14
'5.00

do
do
do
do

96.19
35.51
17.88
17.63

97 76
36.58
18.64
17.94

100.90
38.81
19.73
19.08

103.74
40.61
20.48
20.13

107. 27
42.96
21.43
21.53

111.40
45.32
22.50
22.82

113.99
47.04
23.08
23.96

116. 22
48.08
23.28
24.80

114.57
49.05
22.86
26.20

112.46
48.78
22.59
26. 19

' 112.16
' 47. 3 i
'21.01
1 r 26. 3 -

do

60.68

61.18

62.09

63.12

64.31

66.08

66.94

68.14

65.52

63.68 i r 64. 76

2.59
2.11
2.21
1.53

2.77
1 75
2. 72
1.62

2.82
1.95
2.49
1.79

2.76
2.05
2.20
1.73

2.80
2.10
2.13
1.63

3.07
2.42
2.21
1.84

3.27
2.68
1.84
2.16

3.56
3.05
1.81
2.71

3.76
2.39
2.09
2.82

3.78 '3.82
2.70 i '2.75
1.60 i '2.1:!
2.75 ' 2. 9'J

do
do
do ...

'3 9. 21

27.90

114.80 i 118.16
49.88
48. 16
22. 34
21.82
27.53
26. 34
:

• 66. 64

68. 2S

'3.93
-2.36
'1.67
'2.91

4.00
2.49
1.36
3.04

' 19. 7 ' 21. 54 23. 62
19.52
20.28
20. 93
20.16
20.97
19,80
20.12
18.58
18.38
18.08
Public utilities
do
19.77
16.41 '16.5, • 18.02
17.76
17.03
17.47
18.10
16.00
16.72
15.40
15.55
17.12
Electnc
do
3.86
^•3.52
i '3.2.
3 11
3.17
3.25
2.68
2.87
" 52
3.08
2.58
3.00
2.98
Gas and other..
..do.
1 '} 0 ~
12. 50
14,04
13.36
14.01
13.94
13.12
13.24
12. 70
13.83
12. 34
Commun ication
do...
' 20. 34 '-34.24 2 33. 76
20.83
22.04
20.82
22.84
21.63
21. 55 i 21.36
21.35
21.69
21. 53
Commercial and other
do
© Pers onal outl ays com prise per sonal co nsumpti :>n expenditures, interest
adjiu tment.
' Revised.
P Preliminary. ! Estimates (corrected for systematic biases) for Oct.paid by eonsu mers, an d person il transfe r paymerits to fonsigners,
D ec. 1975 and Jan. -Mar. 1976 based on expected capital expenditures of business. Expected
§P ersonal s aving is excess of disposab le iueoin e over pe r so rial oiitlays.
f
expenditures for the year 1975 appear on p. 12 of the Dec. 1975 SURVEY.
- Includes comL at a for i idividua 1 durable and nor durable goods imiustries (xjmpoiu.its appear in the
Mar. June, 3 ept., and Dec. iss\les of the SURVEY
munication.
|See corresponding note on p. S--1.
9 Includes inventory valuation




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