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SURVEY OF CUREENT BUSINESS

March 1969

NATIONAL INCOME AND PRODUCT TABLES
1968

1967
1967

1968

III

II

IV

1967

III

IV

1967

1968

III

1968

II

IV

III

IV

Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

Billions of 1958 dollars

Billions of current dollars

Table 1.— Gross National Product in Current and Constant Dollars (1.1, 1.2)
789 7

__

Change in business inventories.
Nonfarm
Farm

887.4

673 1

706.7

675 6

681.8

692 7

703.4

712.3

718.4

541.1

546.8

430.5

450.9

431.8

434.1

444.9

447.5

455.7

455.4

82.5
230 3
221.0

73.1
216 4
205.9

74.2
218 4
209 6

79.0
226 5
213.9

81.0
228 2
218.7

85 1
232 7
223 4

85.1
233 7
228.0

72.4
191 1
167.0

80.1
197 1
173.7

72.6
191.1
168.1

73.0
191.6
169.5

77.3
196.5
171.0

78.9
196.1
172.6

82.5
198.5
174.8

81.7
197.3
176.4

127.7

114 7

121 8

119 7

127 3

127 1

136.6

99 5

106.9

99.3

104.7

101.5

107.3

105.8

113.1

119 9

109 3

113 5

117 6

116 5

119 6

126.0

93 6

99.8

94.0

96.7

99.5

97.4

99.0

103.5

90.0
29.2
60 8

83 3
27 7
55 6

85 0
27 7
57 3

88 6
29 6
59 0

87 0
28.5
58 5

90 1
28 8
61 3

94.3
29.9
64.5

73 7
22.6
51 1

76 8
22.5
54 3

73.2
22.2
51 0

74.0
22.1
52.0

76.5
23.4
53.0

74.5
22.1
52.4

76.6
21.9
54.7

79.6
22.6
57.0

29 9
29 3
6

26 0
25 4
g

28 5
27 9
g

29 1
28 5
g

29 5
28.9
g

29 5
28.9
g

31 6
31.0
g

19 9
19 5
5

23 1
22.6
5

20 8
20.3
5

22.7
22.2
.5

23.0
22.6
.5

22.9
22.5
.5

22.4
21.9
.5

23.9
23.4
.5

6.1
56
5

Residential structures
Nonfarm
Farm

871 0

527.9

24 6
24 0
5

Nonresldential _
Structures _ _
Producers' durable equipment

852.9

519.4

83 6
27 9
55 7

Fixed investment...

831 2

502.2

108 2

Gross private domestic investment

811 0

495.5

114 3

Durable goods
Nondurable goods
Services

795 3

533.8

72.6
215 8
203.8

--

860 6

492,2

Gross national product
Personal consumption expenditures _-

7.7
73
5

53
48
g

83
71
12

21
16
4

10.8
10 4
4

75
73
1

10.6
97
g

5.9
53
g

7.1
66
5

5.2
45
7

8.0
6.7
13

2.0
1.6
4

9.9
9.6
.4

6.8
6.6
.1

9.6
8.8
.9

4 8

Government purchases of goods and services

54

34

15

2.0

3.3

1.0

24

1.0

-.1

-.6

.7

— 1.3

46 1
40 6

46 0
42 6

47 5
46 0

49 9
47 9

52 6
49 4

50 1
49 1

41 8
39 3

— .3
45 3
45 g

3.1

50 0
48 1

42 1
39 1

41 9
40.9

44 0
44.1

44.7
45.4

47.6
46.9

44.9
46.2

178 4

Exports
Imports.

2.0

45 g
41 0

Net exports of goods and services

197 2

179 6

183 5

190 5

195 7

199 6

203 0

140 7

149 2

141 4

142 0

146. 5

149.2

150.1

151.2

79 3

75 6

75 6

78 1

80.1

79.5

79.3

70 0

65.8

66.4

68.4

69.1

70.6

71.8

FederalNational defense
Other

90 6
72 4
18 2

100 0
78 9
21 l

91 3
72 9
18 4

93 5
74 6
19 0

97 1
76 8
20 3

100 0
79 0
21 0

101 2
79 6
21 5

101 7
80 0
21 7

74 g

State and local

87 8

97 2

88 4

90 0

93 4

95 6

98 4

101 2

65 9

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

789 7

Goods output

860 6

795 3

811 0

831 2

852 9

871 0

887 4

673 1

706 7

675 6

681.8

692.7

703.4

712.3

718.4

783 6
61

Final sales
__
Change in business inventories

852 9
77

789 9 802 7
53
83

829 1
21

842 1
10 8

863 5
75

876 8
10 6

667 2
59

699 6 670 4
5.2
71

673.8
8.0

690.7
2.0

693.5
9.9

705.5
6.8

708.7
9.6

396 9

430.8

398 9

404 8

414 9

428 4

436 9

443 0

361 0

380 3

361.9

364.4

370.4

379.2

384.7

386.8

Final sales
Change in business inventories

390 8
61

423 1
7 7

393 6
53

396 5
83

412 8
2i

417 6
10 8

429 5
75

432 4
10 6

355 1
59

373 2
71

356 7
52

356.4
80

368.4
2 0

369.3
9.9

378.0
6.8

377.2
9.6

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

159 3
156 4
30

176 7
172 2
4 6

161 1
157 3
38

164 1
159 9
42

168 2 175 3
166 7 169 1
62
15

180 0
175 1
4 9

183 3
177 8
56

150 3
147 6
27

162 1
158 0
41

151 6
148 2
3.4

152 8
149.0
3.8

155 9
154.5
1.4

161.2
155.6
5.6

164.9
160.5
4.4

166.5
161.5
5.0

Nondurable goods
Final sales
Change in business inventories
Services

237 g
234 5
31

254 1
250 9
32

237 8 240 7
236 2 236 6
16
41

246 7
246 1
g

253 1
248 5
46

256 9
254 4
25

259 7
254 g
5o

210 7
207 5
32

218 2
215 2
30

210 2 211 6
208 5 207.5
4.1
18

214.5
213.9
.6

218.0
213.7
4.3

219.8
217.4
2.4

220.3
215.7
4.7

314 8

342 7

317 5

330 4

339 2

347 6

353 7

249 6

260 0

251 2

253 2

255 1

258.7

262.3

263.7

67 2

65.5

65.2

67.8

Structures

.

77 9

87 1

78 8

324 7
81 5

85 8

85 4

86 4

90 7

62 5

66 4

62 5

64 2

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product
Private
Business
Nonfarm
Farm
Households and institutions
Rest of the world
General government




789 7

860 6

704 8

709 8

722 3

740 3

759 9

775 0

789 8

677 9
653 7
24 2

766 3
737 3
712 3
25 o

682 4
658 0
24 4

694 1
669 4
24 8

712 4
688 1
24 3

730 8

7qr A

24 7

745 6
79fl 9
25 5

760 5
25 5

22 3

24 0

22 5

23 5

24 2

24 2

24 2

49

r n

22 9
5 0

A A

A Q

c O

46
84 8

94 3

795 3

85 4

811 0

88 6

831 2

90 8

852 9

70fi 1

93 0

871 0

96 0

887 4

52
97 6

681 8

692.7

703.4

712.3

718.4

0
g
2
4

621 7

631 8

641.6

649.7

655.5

600 8
576 3
24 5

611 4
587 8
23 6

620.5
596 2
24.3

628.5
604.5
24.0

634.4
610.5
24.0

15 6

15 7

16.1

16.3

16.2

16.0

49

52

43

48

5.1

5.1

60 1

60 9

61.8

62.6

62.9

706 7

675 6

614 0

644 7

594 0
569 9
24 1

623 7

616
595
571
24

15 5

16 1

673 1

45
59 0

KQQ

Q

23 9

48
62 0

59 6

CURRENT BUSINESS STATISTICS

J.HE STATISTICS here update series published in the 1967 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.50) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1963 through 1966 (1956-66 for major quarterly series), annually, 1939-66; for selected series,
monthly or quarterly, 1947-66 (where available). Series added or significantly revised after the 1967 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (t), respectively; certain revisions for 1966 issued too late for inclusion in the 1967 volume appear in the monthly
SURVEY beginning with the September 1967 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding
to revised annual data are available upon request.
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.
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS

1967

1968

1966

1965
IV

I

II

1968

1967

III | IV

Annual total

I

II

III | IV

I

III

IV

852.9

871.0

887.4
546.8

II

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
Gross national product total f

bil. $

Personal consumption expenditures, total

do

747.6

789.7

860.6

710.0

728.4

740.4

753.3

768.2

772.2

780.2

795.3

811.0

831.2

465.5

492.2

533.8

447.4

457.8

461.1

469.3

473.7

480.9

490.3

495.5

502.2

519.4

527.9

541.1

Durable goods total 9
Automobiles and parts
- Furniture and household equipment

do
do_ _
do

70.5
30.4
29.8

72.6
30.4
31.4

82.5
36.6
34.3

68.9
30.6
28.9

71.6
31.8
29.3

68.2
28.9
29.0

71.0
30.3
30.4

71.1
30.5
30.4

69.8
28.1
31.1

73.4
31.2
31.2

73.1
31.0
31.4

74.2
31.4
31.8

79.0
34.6
33.3

81.0
35.4
33.9

85.1
38.1
35.4

85.1
38.2
34.5

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

do_ __
do
do
do _

206.7
39.8
106.4
16.6

215.8
42.1
109.4
18.1

230.3
45.8
116.6
19.8

197.8
37.4
102.3
15.9

202.8
39.2
105.1
16.0

206.3
39.4
106.8
16.4

208.3
40.5
107.0
16.7

209.3
40.3
106.9
17.1

212.9
40.9
108.7
17.7

215.3
42.4
108.9
17.8

216.4
42.8
109.1
18.3

218.4
42.3
110.8
18.6

226.5
44.6
113.6
19.7

228.2
44.8
116.4
19.4

232.7
47.2
117.7
20.0

233.7
46.7
118 6
20.0

_ _ _ _ _ do. __
do
do
_do_ _

188.3
27.1
67.3
13.6

203.8
29.0
70.9
15.0

221.0
31.2
76.2
16.6

180.7
26.4
65.1
13.2

183.4
26.2
66.0
13.3

186.7
26.9
66.8
13.6

190.0
27.5
67.6
13.6

193.3
27.8
68.8
13.8

198.2
28.1
69.7
14.7

201.6
28.7
70.4
14.8

205.9
29.2
71.2
15.1

209.6
29.9
72.2
15.5

213.9
30.3
74.0
16.2

218.7
31.0
75.4
16.3

223.4
31.5
76.9
16.8

228.0
31.9
78.6
17.1

120.8

114.3

127.7

113.2

116.8

121.0

119.9

125.7

113.0

107.6

114.7

121.8

119.7

127.3

127.1

136.6

106.1
81.3
28.5
52.8
24.8
24.3
14.7
14.9

108.2
83.6
27.9
55.7
24.6
24.0
6.1
5.6

119.9
90.0
29.2
60.8
29.9
29.3
7.7
7.3

103.5
76.2
27.8
48.3
27.4
26.9
9.7
8.5

105.9
78.6
28.6
50.0
27.3
26.8
10.9
10.7

105.6
79.8
28.1
51.7
25.8
25.2
15.4
15.4

107.0
82.6
28.9
53.7
24.4
23.9
12.8
13.3

105.9
84.2
28.2
55.9
21.7
21.1
19.8
20.2

104.6
83.5
29.0
54.5
21.1
20.5
8.4
8.3

105.4
82.7
27.2
55.5
22.7
22.1
2.3
2.2

109.3
83.3
27.7
55.6
26.0
25.4
5.3
4.8

113.5
85.0
27.7
57.3
28.5
27.9
8.3
7.1

117.6
88.6
29.6
59.0
29.1
28.5
2.1
1.6

116.5
87.0
28.5
58.5
29.5
28.9
10.8
10.4

119.6
90.1
28.8
61.3
29.5
28.9
7.5
7.3

126.0
94.3
29.9
64.5
31.6
31.0
10.6
9.7

do
do
do

5.1
43.1
38.1

4.8
45.8
41.0

2.0
50.0
48.1

6.0
40.5
34.5

6.0
42.1
36.1

5.2
42.6
37.3

4.5
43.6
39.1

4.5
44.2
39.7

5.2
45.5
40.3

5.1
45.5
40.4

5.4
46.1
40.6

3.4
46.0
42.6

1.5
47.5
46.0

2.0
49.9
47.9

3.3
52.6
49.4

1.0
50.1
49.1

Govt. purchases of goods and services, total. _do
Federal
do
National defense
_
do
State and local
do

156.2
77.4
60.6
78.8

178.4
90.6
72.4
87.8

197.2
100.0
78.9
97.2

143.3
70.1
52.5
73.2

147.8
72.5
55.3
75.3

153.1
75.6
58.6
77.4

159.5
79.9
63.0
79.7

164.3
81.5
65.4
82.7

173.1
87.4
70.0
85.8

177.3
90.0
72.1
87.2

179.6
91.3
72.9
88.4

183.5
93.5
74.6
90.0

190.5
97.1
76.8
93.4

195.7
100.0
79.0
95.6

199.6
101.2
79.6
98.4

203.0
101.7
80.0
101.2

By major type of product: f
Final sales, total
Goods, total
Durable goods
Nondurable goods
Services
_ _ _
Structures

732.8
367.5
145.7
221.8
288.0
77.3

783.6
390.8
156.4
234.5
314.8
77.9

852.9
423.1
172.2
250.9
342.7
87.1

700.3
351.1
138.5
212.5
271.0
78.2

717.5
360.5
143.3
217.3
277.5
79.5

725.0
362.6
142.2
220.4
284.7
77.7

740.4
371.0
147.3
223.7
292.3
77.2

748.4
375.3
150.2
225.1
298.1
74.9

763.8
381.5
151.1
230.4
306.3
76.1

778.0
391.8
157.1
234.7
310.9
75.3

789.9
393.6
157.3
236.2
317.5
78.8

802.7
396.5
159.9
236.6
324.7
81.5

829.1
412.8
166.7
246.1
330.4
85.8

842.1
417.6
169.1
248.5
339.2
85.4

863.5
429.5
175.1
254.4
347.6
86.4

876.8
432.4
177.8
254.6
353.7
90.7

14.7
10.2
4.5

6.1
3.0
3.1

7.7
4.6
3.2

9.7
4.6
5.1

10.9
7.6
3.3

15.4
9.9
5.5

12.8
10.5
2.4

19.8
13.6
6.3

8.4
3.3
5.0

2.3
.6
1.7

5.3
3.8
1.6

8.3
4.2
4.1

2.1
1.5
.6

10.8
6.2
4.6

7.5
4.9
2.5

10.6
5.6
5.0

Services total 9
Household operation
Housing
Transportation

-

_

_ _ _
_

Gross private domestic investment, total
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential structures
Nonfarm
Change in business inventories. ._
Nonfarm
Net exports of goods and services
Exports
Imports

_

Change in business inventories
Durable goods
Nondurable goods

do

do
do
_ _ _ _do_ _
do_ _
do
_ _ do_ _
do_ __
do
_.

_ ._

.

do
do. __
do
do
..do
do
do
do
do

GNP in constant (1958) dollars
bil. $

Gross national product, total f
Personal consumption expenditures, total
Durable goods
Nondurable goods
Services

_ _

_ _

657.1

673.1

706 7

636.6

648.6

653.3

659.5

687.1

665.7

669.2

675.6

681.8

692.7

703.4

712.3

718.4

do

417.8

430.5

450 9

409.2

415.7

414.8

420.0

420.6

424.8

431.2

431.8

434.1

444.9

447.5

455.7

455.4

do
do
do

71.3
186.9
159 5

72.4
191.1
167.0

80 1
197.1
173 7

69.8
183.3
156 1

72.9
185.5
157.3

69.2
186.9
158.7

71.8
187.8
160.4

71.4
187.5
161.7

70.1
190.3
164.4

73.7
191.6
165.9

72.6
191.1
168.1

73.0
191.6
169.5

77.3
196.5
171.0

78.9
196.1
172.6

82.5
198.5
174.8

81.7
197.3
176.4

108.8

99.5

106.9

103.4

106.1

109.5

107.4

112.3

99.8

94.2

99.3

104.7

101.5

107.3

105.8

113.1

94.0
70.3
23 8
9.3

95.8
72.2
23.6
10.3

94.7
72.7
22.0
14.7

95.5
74.8
20.7
12.0

91.8
74.2
17.6
8.0

92.0
73.3
18.7
2.3

94.0
73.2
20.8
5.2

96.7
74.0
22.7
8.0

99.5
76.5
23.0
2.0

97.4
74.5
22.9
9.9

99.0
76.6
22 4
6 8

103.5
79.6
23 9
9 6

Gross private domestic investment, total... .do. .
Fixed investment.. _
do
Nonresidential
_
._
do __
Residential structures
do
Change in business inventories...
_ _ _ .do

94.9
73.8
21 1
13.9

93.6
73.7
19.9
5.9

99.8
76.8
23 1
7.1

93.7
75.4
18.2
18.6

do

4 0

2.4

— 3

57

5.3

4.3

3.6

2.9

3.0

2.8

3.1

1.0

-.1

-.6

7

—1 3

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

126.5
65 2
61.3

140.7
74 8
65.9

149.2
79 3
70.0

118.4
59 6
58.7

121.5
61.8
59.6

124.7
64.0
60.7

128.5
66.9
61.6

131.3
67.9
63.4

138.1
72.7
65.4

141.0
75.1
66.0

141.4
75.6
65.8

142.0
75.6
66.4

146.5
78.1
68.4

149.2
80.1
69.1

150.1
79 5
70.6

151.2
79 3
7l!s

Net exports of goods and services

r
Revised.
v Preliminary.
f Revised series. Estimates of national income and product
and personal income have been revised back to 1965 (see p. 19 if. of the July 1968 SURVEY for

- 69 - 5
334-269 O


data beginning 1965); revisions prior to May 1967 for personal income appear on p. 28 fl. of the
July 1968 SURVEY.
9 Includes data not shown separately.

s-1

SUKVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS

1966

1967

1963

Annual total

1966
II

III

March 1969
1968

1967
IV

I

II

III

IV

I

II

1969

rv

III

I

II

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
National income, totalf

- - ---

620.8

652.9 * 712. 8

615.1

626.7

637.3

638.6

645.1

656. 9

670.9

688.1

705.4

do

435.6

468.2

513.6

430.8

441.4

449.7

456.7

461.8

471.5

482.7

496.8

507.1

519.7

530.7

do
do
do
do
do..

394.6
316.9
14.6
63.1
41.1

423.4
337.1
16.3
70.0
44.8

463.5
367.2
18.3
78.1
50.1

390.2
314.0
14.2
62.1
40.5

399.8
320.8
14.9
64.1
41.5

407.2
326.0
15.5
65.7
42.5

413.3
330.2
15.8
67.2
43.4

417.6
332. 8
15.9
68.8
44.2

426.3
339. 4
16.1
70.8
45.2

436.4
346.0
17.1
73.3
46.2

448.3
355.7
17.5
75.2
48.4

457.6
362.8
17.8
77.0
49.4

469.0
370.9
18.9
79.1
50.7

479.0
379.2
18.8
81.1
51.7

60.7
44.8
15.9
19.8

60.7
46.3
14.4
20.3

62.9
47.8
15.1
21.0

60.8
44.7
16.1
19.7

60.2
44.7
15.5
19. 9

60.2
45.2
15.1
20.0

60.1
45.7
14.4
20.1

60.5
46.1
14.4
20.2

61.2
46.6
14.6
20.4

61.1
46.8
14.3
20.5

61.8
47.2
14.6
20.7

62.6
47.8
14.8
20.9

63.4
48.0
15.4
21.0

63.7
48.2
15.5
21.2

83.9

80.4

"89. 2

83.4

84.2

85.3

79.5

79.6

80.2

82.3

83.8

89.2

91.6

P

10.2
73.7
42 8
18.8
24.1

10.3
70.1
39 2
18.0
21.2

P11.5
P
77.7
P
44. 5
"19.8
P24.7

10.2
73.2
42.6
18.8
23.8

10.4
73.8
42.7
19.0
23. 6

10.4
74.9
43.3
18.8
24.5

10.3
69.2
39.3
18.3
21.0

10.2
69.5
39.1
17. 9
21.2

10.3
69.9
38.5
17.9
20.6

10.6
71.7
39. 9
18.0
21.9

11.0
72.9
41.3
19. 0
22.3

11.2
77.9
44.9
19.7
25.2

11.9
79.7
45.3
'.0.3
25.0

"11.8
P
80.2

12 0
18.8

11.8
19.0

"12.6
P20.6

12.1
18.5

12.1
19.0

12.0
19.6

11.7
18.1

11.8
18.6

12.0
19.4

11.9
20.0

12.5
19.0

12.5
20.6

13.0
21.4

85.6
34.6
51.0
21.7
29.3
-1 7
20.8

81.6
33.5
48.1
9
29
25.2
— 1.2
23.3

^92.3
P41.3
P
51.0
24.6
P28.4
31
26.3

85.6
34.6
51.0
21.9
29.1

85.0
34.4
50.7
21.6
29.1
.3
22.0

79.9
32.8
47.1
22.5
24.6
-.4
22.2

80.3
33.0
47.3
23.2
24.1

20.4

86.7
35.0
51.6
21.9
29.7
2 5
21.1

22.' 9

80.8
33.2
47.6
23.5
24.1
-.6
23.6

85.4
35.1
50.3
22.5
27.9
-3.1
24.3

88. 9
39.8
49.1
23. 6
25.5
-5.1
25.0

91.8
41.1
50.7
24.4
26.3
-2.7
25.8

92.7
41.5
51.2
25.2
26.0
-1.0
L6.7

^95.8
"42.9
52.9
25.4
P
27. 6
-3.8
27.6

586.8
75.3
511.6
478.6
32.9

628.8
82.5
546.3
506.2
40.2

685.8
96.9
589.0
548.2
40.7

580.3
74.7
505.5
474.2
31.4

592.1
76.8
515.4
482.5
32.9

604.5
525^4
487.3
38.1

614.8
80.5
534.2
494. 6
39.7

621.6
80.1
541.5
504.5
37.0

633.7
83.6
550.0
509.5
40.5

645.2
85.6
559. 6
516.1
43.4

662.7
88.3
574.4
533.5
40.8

678.1
91.9
586.3
542.3
44.0

694.3
101.6
592.7
555.6
37.1

708.2
105.8
602.4
561.6
40.9

bil. $
do
do
do

60.63
26.99
13.99
13.00

61.66
26.69
13.70
13.00

64.08
26.44
13.51
12.93

15.29
6.78
3.51
3.27

15.57
6.84
3.54
3.30

17.00
7.75
4.07
3.68

13.59
6.10
3.08
3.02

15.61
6.81
3.46
3.34

15.40
6.48
3.33
3.15

17.05
7.30
3.82
3.48

14.25
5.79
2.96
2.82

' 15. 86
6.50
3.22
3.28

do
do
do
do
do
do

1.47
1.9S
3.44
8.41
5.62
'12. 74

1.42
1.53
3.88
9.88
5.91
12.34

1.42
1.34
4.31
11.54
6.36
12.67

.40
.55
1.00
2.09
1.42
3.06

.37
.48
.82
2.36
1.36
3.33

.38
.55
.86
2.36
1.58
3.52

.32
.41
.70
1.84
1.35
2.87

.34
.41
1.12
2.46
1.49
2.99

.37
.35
.98
2.66
1.46
3.09

.39
.36
1.07
2.92
1.62
3.39

.36
.37
.98
2.33
1.48
2 93

.36
'.38
1.04
2.97
1.51
3.11

- - - 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

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 .. -

do
do
do
do
do
do
do

9 9

722.5 " 735. 2

92.0

p

DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income, total
bil. $
Less: Personal tax and nontax payments
do
Equals: Disposable personal income
do_._
Less: Personal outlays©
.._
_
do
Equals: Personal saving§
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
._
Manufacturing. __
Durable goods industries^
Nondurable goods industries!
Mining
___
Railroad
Transportation, other than rail
Public utilities.. __
Communication
Commercial and other
. .

r 16. 02

6.63
3.37
3.25
.34
'.30
1.12
2.96
1.50
3.18

' 17. 95 'i 15. 82
'7.52
6.50
'3.95 '3.33
'3.57 '3.17

'.35
'.30
'1.18
'3.28
1.86
'3.46

'.38
'.34
'1.10
'2.73

.41
.42
1.14
3.42

'3 4. 77

35.01

Seas. adj. qtrly. totals at annual rates:
All industries _
Manufacturing
_
Durable goods industries?
Nondurable goods industries?

do
do
do
do

60.10
25.80
13.85
12.95

61.25
27.55
14.35
13.20

62.80
27.75
14.50
13.25

61.65
27.85
14.20
13.70

61.50
27.00
13.75
13.25

60.90
26.15
13.50
12.65

62.70
26.00
13.50
12.55

64.75 r 62. 60 ' 63. 20 ' 65. 90 'i
26.65 ' 26. 85 '
26.35
25.80
13.65 ' 13. 90 '
13.65
12.80
12.70
13.05 ' 12. 95 '
13.00

Mining
. _
Railroad
Transportation, other than rail
Public utilities.Communication
Commercial and other. .

do
do
do
do
do
do

1.55
2.00
3.50
8.30
5.50
12.45

1.45
1.85
3.40
8.55
5.60
12.85

1.45
2.35
3.50
8.50
5.95
13.30

1.40
1.80
3.05
9.20
5.75
12.55

1.30
1.55
3.90
9.70
5.80
12.25

1.45
1.40
4.10
9.80
6.05
11.95

1.50
1.40
4.45
10.65
6.05
12.65

1.55
1.65
4.35
11.60
6.35
12.85

10,645
7,179
219
1,537
1,710

10,912
7,369
205
1,589
1,749

11,059
7,440
205
1,648
1,766

11,371
7,661
335
1,594
1,781

11,377
7,703
336
1,556
1,782

11,513
7,626
245
1,827
1,815

11,496 r r11, 850 ' 12, 607 '13,282
7,478
7, 914 ' 8, 379 ' 8, 835
'360
'403
323
306
1,882 T 1, 741 ' 1,948 ' 2, 054
1,813 ' 1, 889 1,920 '1,990

1.40
'1.40
3.65
11.65
5.90
12. 80

1.35
' 1.20
4.60
10.90
6.15
12.35

2 17. 90
7.51
3.78
3.73

71. 65 2 70.85
29. 50 29.95
15.15
15. 30
14.80
14. 20

' 1. 35 '1.65
'1.15 '1.45
'4.80 '5.00
' 12. 00 ' 13. 40
6.95
' 12. 75 '3 20. 70

1.60
1.60
4.05
13.35
s 20. 35

U.S. BALANCE OF INTERNATIONAL
PAYMENTSd 71
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants)
mil. $__ 43, 144
Merchandise, adjusted, excl. military
do
29, 176
Transfers under military sales contracts
do
829
Income on U.S. investments abroad ...
do
6,252
Other services
do
6,887

45, 757
30, 468
1,239
6,859
7,191

P
50, 202
P
33, 376
p
1,424
p
7,687
p

7,715

Pl2, 463
p 8, 248
p 355
P 1,944
p 1,916

Imports of goods and services
do
-38, 063 -40, 988 p-48,235 -9, 336 -9, 778 -9, 929 -10,078 -10,108 -10,154 -10,648 '-11,55 '-11,985 r-12,428 p-12,270
Merchandise, adjusted, excl. military
do
-25,541 -26,991 p-33,273 -6,263 -6,567 -6,675 -6,686 -6,605 -6,541 -7,159 r- 7,879 '-8,335 '-8,592 p-8, 467
Military expenditures
do
-3,736 -4,339 p-4, 531 -923
-962
-979 -1,072 -1,065 -1,098 -1,104 -1,110 -1,123 '-1,145 p-1,183
p
Income on foreign investments in the U.S._do
-2, 074 -2,293 p -2,804 -479
-560
-598 r -659 r -703 '-740 p-702
-556
-560
-575
-563
Other services
do_.
-6,712 -7,365 -7,597 -1,671 -1,693 -1,712 - 1 , 760 -1,878 -1,940 -1,787 r- 1,904 '-1,824 '-1,951 p-1,918
Unilateral transfers, net (excl. military grants);
transfers to foreigners (—)
mil. $
-2,925 -3,075 p-2,875 -732
-641
-642
-713 ' -749 p-771
-701
-647
-730
-859
-845
r
Revised.
p Preliminary.
0Pe rsonal o Jtlays cc)mprise ]Dersonal cons mm tion exp enditure s, intere st p a i d by con
1
ens.
Estimates for Jan. -Mar. 1969 based on anticipatedI capital e xpenditur es of bus iness.
sumer.s, and pe rsonal tr ansfer pa yments 1 o foreign
2
Estimates for Apr.-June 1969 based on anticip ated capi tal expen ditures ()f busine ss.
5 Personal sa\ ing is ex cess of di sposable income o ver pers 3nal outl ays.
Anticipated expenditures for the year 1969 are as fc)llows (in bil. $): Ak.11 indu? tries. 72.96;
HDa :a for inciividual durable and nonelurable g oods inc ustries c omponerits appear in the
manufacturing, total, 30.65; durable goods Industrie>s, 15.48; nondurab le goods industri es,
Mar., J une, Sep t., and 1 )ec. issue s of the £SURVEY. T
15.17; mining, 1.60; railroad 1.73; transportation, 4,83 public u jlities, 13 16; comrnunicaticm,
d"M Drecomp ete detai Is are giv<jn in the quarter!} reviews in the M ar., June>, Sept. .and Dec.
7.44; commercial and other 13.56. 3 Includes comm unication
issues c>f the Su RVEY. R evised d ata back to 1960 2tppear ori p. 32 ff of the J une 1968 issue.
tSee corresponding note on p. S-l.
9 Includes in ventory v aluation '<.idjustme nt.




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