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SUKVEY OF CUKRENT BUSINESS

May 1979

NATIONAL INCOME AND PRODUCT TABLES
1977

1978

1979

1978

1977

I

IV

II

III

IV

I'

1977
1977

1978

Seasonally adjusted at annual rates

1978

IV

I

1979

II

III

IV

I'

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 2,107.6 1,958.1 1,992.0 2,087.5 2,136.1 2,214.8 2,264.8 1,332.7 1,385.7 1,354.5 1,354.2 1,382.6 11,391.4 1,414.7 1,416.3

Personal consumption expenditures..
Durable goods
Nondurable goods.
Services
..

,206.5 1,340.1 1,255.2 1,276.7 1,322.9 1,356.9 1,403.9 1,440.4
178.4
479.0
549.2
297.8

Gross private domestic investment.
Fixed investment

197.5
526.5
616.2
345.6

187.2
496.9
571.1

857.7

891.7

876.6

873.5

886.3

895.1

911.8

912.4

183.5
501.4
591.8

197.8
519.3
605.8

199.5
531.7
625.8

209.1
553.4
641.4

211.4
567.9
661.0

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

148.6
345.4
418.4

313.5

322.7

345.4

350.1

364.0

371.1

196.3

210.6

200.3

205.7

213.1

210.4

213.4

215.7

300.5

282.3

306.0

325.3

336.5

350.5

354.5

187.4

200.1

192.8

193.4

200.4

201.4

205.2

204.5

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

244.1
85.2
158.9

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

146.8
45.8
101.0

Residential
Nonfarm structures. _
Farm structures
Producers' durable equipment..

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
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

110.4
107.2
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

59.7
57.6
.8
1.3

60.3
58.2
.8
1.3

57.7
55.7
.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
-.9

13.5
13.4
.1

16.6
17.8
-1.2

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

11.2
1.8
-.6

Net exports of goods and services.

-11.1

-12.0

-23.2

-24.1

-5.5

-10.7

-7.6

-5.3

9.5

8.4

3.1

2.9

11.3

9.2

10.2

11.7

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

233.8
239.0

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

114.7
103.0

394.0

433.9

412.5

416.7

424.7

439.8

454.5

458.5

269.2

275.0

274.5

272.1

271.9

276.7

279.4

276.4

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

101.6

100.3

103.6

101.2

97.1

100.4

102.5

102.0

167.6

174.7

170.9

170.8

174.8

176.3

176.9

174.5

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

97.3

164.5
103.9
60.6
294.0

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 2,264.8 1,332.7 1,385.7 1,354.5 1,354.2 1,382.6 1,391.4 1,414.7 1,416.3

Gross national productFinal sales.-.
Change in business inventories.
Goods..

1,871.6 2,091.6 1,945.0 1,975.3 2,067.4 2,122.5 2,201. 3 2,248.1 1,323.8 1,375. 2 1,347.1 1,341.8 1,369.9 1,382.4 1,406.5 1,405.0
9.0
12.7
11.2
8.9
7.5
12.3
15.6
16.0
13.1
13.5
10.6
13.6
16.6
16.7
20.1
8.2
650.9
629.7
627.7 630.2
649.1
832.6
918.4
912.2
620.1
859.6
927.3
972.5 1,000.8
608.4
611.8
861.8

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

817.0
15.6

902.4
16.0

846.5
13.1

845.1
16.7

892.1
20.1

913.7
13.6

958.9
13.5

984.2
16.8

599.6
8.9

619.1
10.6

612.7
7.5

599.4
12.3

615.0
12.7

621.2
9.0

640.9
8.2

639.7
11.2

341.3
332.9
8.4

376.8
365.1
11.7

347.4
341.1
6.3

351.2
336.3
14.8

375.8
365.0
10.8

380.1
369.8
10.2

400.1
389.2
10.8

426.0
405.9
20.1

253.7
248.0
5.8

265.4
258.1
7.3

255.1
250.5
4.6

254.6
245.0
9.6

266.6
260.2
6.4

264.8
258.7
6.1

275.5
268.4
7.1

284.8
272.9
11.9

Nondurable goods
Final sales
Change in business inventories.

491.3
484.1
7.2

541.7
537.4
4.3

512.2
505.4
6.8

510.6
508.7
1.9

536.4
527.1
9.3

547.2
543.9
3.4

572. 4
560.7
2.7

574.8
578.2
-3.4

354.7
351.6
3.1

364.3
361.1
3.3

365.0
362.1
2.9

357.2
354.5
2.7

361.2
354.8
6.3

365.4
362.5
2.9

373.6
372.5
1.1

366.1
366.8
-.7

862.8
191.8

962.5
226.7

893.6
204.9

926.4
203.8

952.0
223.4

973.7
235.0

997.7 1,025.9
244.7
238.1

602.9
121.3

627.0
129.0

609.6
124.8

620.1
122.3

625.6
129.3

629.7
131.6

632.6
133.0

638.5
126.9

Services
Structures.

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

Revised.

1,887.2 2,107.6 1,958.1 1,992.0 2,087.5 2,136.1 2,214.8 2,264.8 1,332.7 1,385.7 1,354.5 1,354.2 1,382.6 1,,391.4 1,414.7 1,416.3
1,869.9 2,088.2 1,942.2 1,973.8 2,066.5 2,117.3 2,195.1 2,243.1 1,325.3 1,377.9 1,347.9 1,346.6 1,373.9 1,383.9 1,407.0 1,408.2
1,599.3 1, 790. 2 1,660.4 1, 684.1 1.771.8 1,817. 5 1,887. 4 1,929. 0 1,135.9 1,183. 7 1,155.9 1,153.5 1,180.0 1,, 189. 3 1,212.1 1,213.0
1,544.0 1,730. 5 1,601.6 1,628.9 1.714.9 1,758. 5 1,819. 9 1,860.0 1,094.2 1,146. 0 1,112.4 1,115.4 1,145." ' , 151. 8 1,171. 5 1,175.8
998.1 1,026.5 1,031.7 1,050.0 1,052.9
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 1,684.3
122.9
121.5
118.6 120.1
117.4
113.6
116.0
157.1
161.7
146.2
164.3
152.7
171.7
195.7
119.4
166.5
33.2
31.9
33.8
30.5
32.5
34.4
53.0
56.4
36.1
50.5
57.8
54.0
58.6
63.2
66.9
32.5
2.2
.5
4.7
.4
1.8
4.8
4.3
2.1
4.3
6.8
5.3
5.5
4.3
7.3
5.2
7.4
44.3

62.7

71.5

65.9

68.8

70.5

72.3

74.4

76.9

42.2

44.5

43.6

208.0
66.4
141.5

226.5
71.1
155.4

215.9
69.5
146.4

221.0
69.9
151.1

224.1
70.1
154.1

227.5
70.5
157.0

233.4
74.0
159.4

237.2
74.6
162.6

147.2
48.7
98.4

149.6
48.9
100.8

148.4
48.8

149.4
48.8
100.6

17.3

19.4

15.9

18.2

21.1

18.8

19.8

21.7

7.3

7.9

6.6

7.5

44.9

45.2

45.4

149.6
48.8
100.8

149.8
49.0
100.8

149.8
48.9
100.9

149.7
48.8
100.9

7.5

7.7

8.1

Footnotes for tables 2 and 3 on following page.

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




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 as 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

I'

Annual total
Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTt
1,700.1

1,887.2 2,107.6

,649.7

,685.4

,715.6

,749.8

,806.8

,867.0

,916.8

,958.1

,992.0 2,087.5

, 136.1

, 214.8 2,264.8

Personal consumption expenditures, total..do

1,090.2

1,206.5

, 340.1

,053.8

, 075.1

,098.4

, 133.7

,167.7

, 188.6

, 214.5

, 255.2

,276.7

1,322.9

, 356.9

, 403. 9

,440.4

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

211.4
96.2
82.5

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

do
do. . .
do
do

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

567.9
93.6
289.7
59.6

do.
do
do
do

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

661.0
97.3
222.4
56.5

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

371.1

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

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

354.5
244.1
85.2
158.9

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

110.4
16.6
17.8

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

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

-7.6
221.9
229.5
454.5
162.5
102.1
292.0

-5.3
233.8
239.0
458.5
164.5
103.9
294.0

Gross national product, totalf

bil.$

...

Services, total 9
Houshold operation
Housing
Transportation
Gross private domestic investment, total
Fixed investment
Nonresidential
_.
Structures
Producers' durable equipment

.

.

do
do
do. _.
do
.do

Residential
Change in business inventories
Nonfarm

do
do
do

68.2
10.2
12.2

91 9
15.6
15.0

Net exports of goods and services
Exports
Imports

do
do
do

7.4
163.2
155.7

-11.1
175.5
186.6

107 0
16.0
16 7
-12.0
204 8
216.8

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

By major type of product: t
Final sales, total
Goods, total
D urable goods
Nondurable goods
Services...
Structures
Change in business inventories..
Durable goods.
Nondurable goods

_.

_

1,689.9
do
do
760.3
304.6
do
455.7
do _.
do
778.0
161.9
do
do
do
do

..

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 2,264.8
832.6
741.9
758.0
768.1
772.9
800.2
844.7
861.8
912 2
927.3
972.5 1,000.8
859.6
825.8
918 4
288.6
301.8
312.4
351.2
380.1
400.1
426.0
332.2
341.3
347.4
375.8
315.6
339.1
346.5
376.8
491.3
453.4
456.2
455.7
457.3
468.0
498.2
512.2
510.6
536.4
547.2
572.4
574.8
486.7
541.7
862.8
962.5
749.7
766.9
787.1 808.1 832.3
850.0
875.3 893.6
926.4
952.0
973.7
997.7 1,025.9
191.8
158.1
160.5
160.3
203.8
223.4
235.0
244.7
238.1
168.7
174.3
191.3
196.8
204.9
226.7

10.2

15.6

5.3

8.4

4.9

7.2

16.0
11.7
4.3

11.4

15.4

.1

14.5

-.6

10.3

17.0

6.5

9.3

11.3

8.9

5.3

5.2

6.1

9.1

-5.8

4.2

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

13.5
10.8
2.7

16.6
20.1
-3.4

GNP in constant (1972) dollarsf
Gross national product, totalf

bil.$_. 1,271.0

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 1,382.6 1,391.4 1,414. 7 1,416.3

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

895.1

911.8

912.4

do
do
do

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

148.6
345.4
418.6

Gross private domestic investment, total...do

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

204.5
146.8
57.7
11.2

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

11.7

271.9
97.1
174.8

276.7
100.4
176.3

279.4
102.5
176.9

276.4
102.0
174.5

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

Fixed investment
Nonresidential
Residential..
Change in business inventories
Net exports of goods and services

do
do
do
do...
do

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

262.8
96.6
166.2

269.2
101 6
167.6

275.0
100 3
174.7

264.3
96.2
168.1

263.2
95.9
167.3

r
Revised.
P Preliminary.
tRevised 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 and

262.5
96.8
165.7

261.3
97 5
163.8

262.8
98 7
164.1

267.9
101 3
166.6

271.7
102.9
168.8

274.5
103.6
170.9

272.1
101.2
170.8

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
292-873 O - 79 - SI




SURVEY OF CURRENT

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

1976

1977

1978

1976

II

Annual total

May 1979

III

1977

IV

I

II

1978

III

IV

I

1979

II

III

IV

II

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCTf—Con.
Quarterly Data Seasonally Adjusted
Implicit price deflators: t
Gross national product
Index, 1972=100..
Personal consumption expenditures
do—
Durable goods
do....
do
Nondurable goods
do .
Services
Gross private domestic investment:
.do....
Fixed investment . . . _
do
Nonrpsidential
do
Residential
- —

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. f
>
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

159.91
157.9
142 2
164 4
158 0

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
185.9

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 5

. bil. $ _ 1,359.2

1, 515. 3 , 703.8

, 347. 9

,372.1 1,397.0

,447.5

1,036.8
890.1
..
do
187.6
do. ._
702.5
146.7
do

1,153.4
983.6
200.8
782.9
169.8

, 301.4
, 101.0
216.1
884.8
200.5

,026.0 1,046.1 1,073. 3 , 107. 9
881.5
897.3
919.9
946.4
186.1
188.1
192.6
195.2
695.4
709.2
727.2
751.2
144.6
148.8
153.4
161.5

88.6
18.4
70.2

99.8
20.2
79.5

113.2
25.3
87.8

88.8
19.6
69.3

87.4
16.9
70.5

89.5
16.3
73.2

22.5

22.5

23.4

22.4

22.4

127.0

144.2

159.5

128.6

130.0

Govt. purchases of goods and services
Federal
State and local

do—
do
do

Quarterly Data Seasonally Adjusted at Annual
National income, totalf

Rates

.do .

Compensation of employees, total
Wages and salaries, total . _
Govt. and govt. enterprises
Other
Supplements to wages and salaries

Proprietors' income with inventory valuation
and capital consumption adjustments,
total
bil. $do
Farm
do __
Nonfarm
Rental income of persons with capital consumption adjustment
bil. $Corp. profits with inventory valuation and capital consumption adjustments, total._. bil. $..
Corp. profits with invent, val. adj.:
Domestic, total
^n
do .
Financial
_do-.-Nonfinancial, total 9
do
Manufacturing, total 9
Durable goods
Transportation, communication, and
electric gas and sanitary serv
bil. $
do.—
Rest of the world

, 499. 3 ,537.6

,576.9 1,603.1 1,688.1 1,728.4

,795.6

,835.4

, 140. 5
973.4
198.1
775.3
167.1

, 165. 8
993.6
201.7
791.9
172.2

, 199. 7 1,241. 0 1,287.8
, 021. 2 1,050.8 1,090.2
208.1
211.4
213.9
813.1
839.3
876.3
178.4
190.2
197.6

1,317.1
1,113.4
216.8
896.6
203.6

, 359.8
, 149. 4
222.3
927.1
210.4

,406.8
, 185. 2
225.1
960.1
221.5

95.6
19.4
76.1

98.9
20.0
78.9

97.2
16.5
80.8

107.3
25.1
82.3

105.0
21.9
83.1

110.1
24.0
86.1

114.5
25.0
89.6

123.0
30.4
92.6

123.6
30.6
93.0

22.8

22.5

22.4

22.4

22.7

22.8

22.2

24.3

24.4

24.7

122.5

129.9

143.7

154.8

148.2

132.6

163.4

165.2

176.6

166.0

175.4
26.0
149.4
87.1
44.6

187.4
27.6
159.8
95.2
49.2

175.9
27.1
148.7

20.8

167.7
25.1
142.6
85.0
43.2

135.4
17.0
118.4
67.5
29.7

136.3
18.3
118.0
65.9
28.5

128.7
19.1
109.7
61.9
26.9

134.8
19.7
115.1
66.4
29.9

148.1
19.9
128.1
77.4
37.2

159.5
21.9
137.6
74.7
34.2

155.6
21.9
133.7
80.2
39.1

139.2
22.7
116.6
69.8
32.8

13.7

16.1

14.9

13.3

15.4

8.2

9.7

7.9

9.4

19.3
11.7

20.7

8.2

17.5
10.3

17.3

7.6

14.5
10.4

17.1

9.6

19.5
9.8

14.3

8.2

9.1

9.1

10.8

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

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

226.9
89.1
137.9
54.0
83.9

do
do

Inventory valuation adiustnient
Oanital consnmntion adinstment
Net interest

149.5
20.9
128.6
74.7
35.1

do
do
do
do
do

Profits before tax, total
Profits tax liabilitv
Profits after tax
Dividends
Undistributed Drofits

133.2
17.5
115.6
65.6
28.1

168.9
24.3
144.6
87.8
46.1

-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

-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
-19.3
107.4

-28.4
-19.9
111.4

-40.2
-20.7
114.5

dn

DISPOSITION OF PERSONAL INCOMEf
1,380.9
196.5
1,184.4
1,116.3
68.0

.bil. $..
do -.
_do—
.do-

120.49
52.48
23.68
28.81

135.80
60.16
27.77
32.39

153 82
67 62
31 66
35.96

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

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

do
do . .
do
do . .
.. d o —

68.01
4.00
2.52
1.30
3.63

75.64
4.50
2.80
1.62
2.51

86 19
4 78
3 32
2 30
2.43

17.04

16.93
1.04

19.14
1.05

16.68
1.02

18.88
1.16

19.21
1.17

20.87
1.15

21.78
1.24

24.61
1.26

.70
.35

.59
.33

.67
.43

.78
.39

.76
.46

.83

.84
.54

.94

1.02

.95

.94

.61

.76

.50

.63

18.68
1.07
.71
.52
.51

21.13
1.22

.64
.26

_do—.
do
do
.do-

22.28
18.80
3.47
13.30
20.99

25.80
21.59
4.21
15 45
22.97

29 48
24.79
4 70
18 16
25.71

5.50
4.74

5.52
4.54

3.21
5.21

3.33
5.19

3.30
5.27

6.37
5.34
1.03
3.86
5.64

6.61
5.41
1.20
4.03
5.73

7.28
6.06
1.21
4.26
6.33

6.15
5.27

.98

6.46
5.34
1.12
3.84
5.78

5.55
4.78

.76

do
do .
do...
.do—

118.12
50.64
22.54
28.09

122.55
54.78
24.59
30.20

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

.dodo
.do. .
do
do

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

74.78
4.49
2.57
1.43
2.96

..do,..
do
do
do...
_ _.do—

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

Eonals* DisnosaTVIe nersonal income
Less: Personal outlays©
Equals: Personal saving§._
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries..
...
Manufacturing
Durable goods industries^
Nondurable goods industries^!
N onm anufacturing
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
M anufacturing
Durable goods industries^
Nondurable goods industries^
Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation
Public utilities
Electric
Gas and other
Communication
Commercial and other

1,529.0 1,708.0 1,363.2 1, 392.8 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 1,836.0
226.0
256.2
192.6
200.0
209.0
222.7
223.3
224.6
233.3
237.3
249.1
263.2
275.1
272.9
1,303. 0 1,451.8 1,170.6 1,192.8 1,221. 5 1,248.0 1,285.3 1,319.1 L, 359.6 1,391.6 1,433.3 1,468.4 1,513.9 1,563.2
1,236.1 1,374. 9 1,100. 7 1,124. 8 1,160.9 1,195.8 1,217.8 1,244. 8 1,285. 9 1,309. 2 1,357.0 1,392.5 1,440. 9 1,478.3
76 3
76 0
73 7
A7 ^
IJA q
70 A

T^il $
do
do
.do—.
.do

Personal income total

.

.99
.68
.42

r
Revised.
» Preliminary.
* Estimates (corrected for systematic biases) for Jan.Mar. 1979 and Apr.-June 1979 based on expected capital expenditures of business. Expected
2
expenditures for the year 1979 appear on p. 26 of the Mar. 1979 SURVEY.
Includes communication.
| See corresponding note on p. S-l.
9 Includes data for items not shown
separately.
0 Personal outlays comprise personal consumption expenditures, interest paid




.77

.60
.60

1 36.97 142.07
18.91
15.97
9.20
7.57
9.72
8.40
21.00
1.28
.80
.64
.62

23.16
1.23
.83
.68
.77

7.12
6.16

8.00
6.78
1.22

.62

.64
.71

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

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

164.23
71.97
34.18
37.78

167.52
75.90
37.09
38.81

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

90.71
4.98
3.49
2.39
2.55

92.26
5.35
3.77
3.28
3.01

91.62
4.89
3.11
2.36
2.89

26.22
21.90
4.32
16.40
23.14

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

31.91
31.73
32.30
26.95
27.06
26.92
5.24
4.98
4.78
18.46
27.12 2 44.54 2 46.46

.88

.97

2 10.53 2 11.63

by consumers to business, and personal transfer payments to foreigners (net).
§ Personal saving is excess of disposable income over personal outlays.
IIData 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