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SURVEY OF CURRENT BUSINESS

June 1971

9

NATIONAL INCOME AND PRODUCT TABLES
1970

1969
1969

1970

IV

II

1971

III

1970

IV

1970

IV

Seasonally adjusted at annual rates

II

1971

m

iv

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)
931.4

Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential structures
Nonfarm .
Farm

.
. .-

Change in business inventories
Nonfarm
Farm

724.1

729.2

723 8

724 9

727 4

720 3

732 7

646.4

467.7

477.1

471 7

474 0

478 1

479 6

476 6

486 6

89.4
264.7
262.6

90.8
252.0
249.8

89.1
258.8
255.2

91.9
262.6
259.9

91.2
265.8
265.1

85.3
271.5
270.2

97.5
272.8
276.1

84.9
201.2
181.6

82.0
207.9
187.2

84.9
202.4
184.4

82.7
205 6
185.8

84.9
206 6
186.6

83.6
208.2
187.8

76 9
211 1
188 6

86.6
210 5
189.5

135.7

140.2

133.2

134.3

138.3

137.1

142.4

111.3

102.8

110.0

102.9

103.1

104.1

101.3

103 7

132.3

133.0

131.6

131.2

132.7

133.5

141.0

104.1

99.8

103.9

101.5

100.1

99.6

98.1

102.5

102.6
35.2
67.4

102.6
35.1
67.5

102.6
35.7
66.9

10!?. 8
35.3
67.5

103.6
35.0
68.6

101.3
34.7
66.6

105.1
36.1
69.0

80.8
24.0
56.9

79.2
23.1
56.1

82.1
24.3
57.8

80.9
24.4
56 5

80.2
23.5
56 7

79.6
22.6
56.9

76 3
21.8
54 5

78.4
22.3
56 1

29.7
29.1
.6

30.4
29.8
.6

29.1
28.4
.6

28.4
27.8
.6

29.2
28.6
.6

32.2
31.6
.6

35.8
35.2
.6

23.3
22.8
.4

20.6
20.2
.4

21.8
21.4
.4

20.7
20.2
.4

20.0
19.5
.4

20.0
19.6
.4

21 9
21.5
4

24.1
23.7
.4

3.5
2.9
.6

7.2
6.5
.7

1.6
.9
.7

3.1
2.6
.5

5.5
5.0
.5

3.6
3.0
.6

1.4
1.2
.2

7.2
6.8
4

3.0
2.5
5

61
5.4
g

13
.8
6

29
2.5
4

4.6
4.1
4

31
26
5

12
1.0
2

1.9

.

2.6

3.5

4.1

4.2

2.6

3.3

.2

2.4

.9

1.9

2.4

3.1

20

2.3

62.2
58.6

58.8
56.2

61.1
57.6

62.8
58.7

62.8
58.6

62.0
59.3

64.6
61.3

48.5
48.2

52.1
49.7

50.0
49.1

52.0
50.1

52.9
50.5

52.0
48.9

51.4
49.3

52.3
50.1

220.5

216.3

219.6

218.4

221.0

223.2

228.7

99.7
76.6
23.1
120.9

102.1
78.8
23.3
114.2

102.3
79.3
23.0
117.4

99.7
76.8
22.9
118.7

98.6
75.8
22.9
122.4

98.2
74.6
23.5
125.0

98.4
74.0
24.5
130.2

. . 212.2

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

3.6

55.5
53.6

Net exports of goods and services
Exports
Imports

727.1

627.0

32.0
31.5
.6

.

989.9 1020.7

622.1

8.5
8.0
.4

.

985.5

614.4

99.3
33.8
65.5

Gross private domestic investment .

971.1

603.1

139. 8

-

959.5

592.6

131.4

Durable goods
Nondurable goods
Services

951.7

616.7

90.0
245.8
241.6

..-.

976.5

577.5

Gross national product
Personal consumption expenditures

. ..

101.3
78.8
22.6
110.8

1

141.8

146.6

145.0

141.3

140.6

140.3

140.2

75.7

67.7

73.8

71.1

67.8

66.2

65.5

63.4

72.1

74.1

72.9

73.8

73.5

74.4

74.8

76.8

147.8

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

931.4
922.9
8.5

976.5 951.7
973.1 944.5
7.2
3.5

959.5
957.9
1.6

971.1
968.1
3.1

985.5
980.0
5.5

989.9 1020.7
986.3 1019. 3
1.4
3.6

727.1
719.9
7.2

724.1
721.1
3.0

729.2 723.8
723.0 722.4
6.1
1.3

724.9
721.9
2.9

727.4
722.8
4.6

720.3 732.7
717.1 731.5
1.2
3.1

Goods output
Final sales.
Change in business inventories

460.0
451.6
8.5

474.4
470.9
3.5

468.9
461.7
7.2

467.1
465.5
1.6

474.9
471.8
3.1

479.8
474.2
5.5

475.6
472.0
3.6

488.8
487.5
1.4

392.2
385.0
7.2

388.7
385.7
3.0

393.5 387.3 391.1
387.4 386.0 388.2
2.9
6.1
1.3'

392.1
387.5
4.6

384.5 392.1
381.3 391.0
1.2
3.1

Durable goods
Final sales
Change in business inventories

190.2
183.9
6.4

185.1
185.3
-.2

192.7
187.4
5.3

185.3
185.5
-.3

186.6
188.5
-1.9

193.5
188.3
5.2

175.1
178.8
-3.7

196.0
193.3
2.7

170.1
164.7
5.3

160.3
160.5
-.2

170.3
165.9
4.4

162.3
162.6
— 3

162.9
164.4
-1.5

167.1
162.7
4.3

148.9
152.1
-3.2

165.4
163.1
2.4

Nondurable
Final sales
Change in business inventories

269.8
267.7
2.1

289.2
285.6
3.6

276.2
274.3
1.9

281.8
280.0
1.9

288.3 286.3
283.3 286.0
5.0
.3

300.5
293.3
7.2

292.8
294.2
-1.4

222.1
220.3
1.8

228.5
225.3
3.2

223.3
221.5
1.8

225.1
223.4
1.6

228.3
223.8
4.5

225.0
224.7
.2

235.6
229.2
6.4

226.7
227.9
-1.2

377.6
93.8

409.6
92.6

390.3
92.5

400.1
92.3

405.8
90.4

419.4
94.9

429.4 268.2
102.4
66.6

273.9
61.4

271.3
64.4

273.1
63.4

272.8
60.9

274.8
60.5

275.0
60.8

275.8
64.7

Services
Structures. . . .

413.2
92.6

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)

Households and institutions
Rest of the world
General government..

. . .

976.5

951.7

959.5

971.1

985.5 989.9 1020.7

727.1

724.1

729.2

723.8

724.9

727.4

720.3

732.7

863.2

844.0

848.5

858.4

871.7

874.3

901.0

666.4

663.4

668.1

663.1

664.2

666.8

659.4

671.6

795.4
767.9
27.5

Business. .
Nonfarm
Farm...

931.4

827.8

Gross national product . _
Private.

828.3
800.1
28.1

810.8
783.0
27.8

814.3
785.5
28.8

824.5
796.0
28.5

836.5 837.8
808.5 810.6
28.0 27.2

863.0
835.7
27.3

646.0
622.5
23.6

642.4
619.3
23.2

647.6
624.7
22.8

642.1
619.5
22.6

644.0
621.0
23.0

645.9
622.9
22.9

637.8
613.7
24.1

649.1
625.7
23.4

28.1
4.3

30.3
4.6

29.0
4.2

29.6
4.5

30.0
3.9

30.5
4.7

31.1
5.4

32.1
5.9

16.4
4.0

16.6
4.3

16.6
4.0

16.7
4.3

16.5
3.6

16.5
4.4

16.5
5.1

16.9
5.6

113.3

107.7

111.0

112.8

113.9

115.5

119.7

60.7

60.7

61.1

60.7

60.7

60.6

60.8

61.1

103.6

HISTORICAL STATISTICS
National income and product statistics for earlier periods are available as follows:
Data for 1966-69, July 1970 SURVEY OF CURRENT BUSINESS; 1964-65, July 1968 SURVEY;
1929-63, The National Income and Product Accounts of the United States (available from
U.S. Department of Commerce Field Offices or from the Superintendent of Documents,
U.S. Government Printing Office, Washington, D.C. 20402, price $1.00 per copy).
426-593 O - 71 - 2




CURRENT BUSINESS STATISTICS

J.HE STATISTICS here update series published in the 1969 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $3.00) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1965 through 1968 (1958-68 for major quarterly series), annually, 1939-68; for selected series,
monthly or quarterly, 1947-68 (where available). Series added or significantly revised after the 1969 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (t), respectively; certain revisions for 1968 issued too late for inclusion in the 1969 volume appear in the monthly
SURVEY beginning with the September 1969 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 1969 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.
1968

Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown in
the 1969 edition of BUSINESS STATISTICS

1969

1968

1970
I

Annual total

II

1970

1969

III

IV

i | n

III

IV

I

II

1971
III

| IV

I

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
Personal consumption expenditures, total
Durable goods, total 9
Automobiles a n d parts
_ _ _ _ _
Furniture and household equipment
Nondurable goods, total 9 _
Clothing and shoes
_ _
Food and beverages
Gasoline and oil
Services, total 9
_._
Household operation
Housing
Transportation

976 5

834.9

858 1

875 8

891 4

907 6

923 7

942 6

951 7

959 5

971.1

985.5

989 9

1,020.7

616.7

519. 7

529.1

543.8

550.8

561.8

573.3

582.1

592.6

603.1

614.4

622.1

627.0

646.4

89.4
37.4
38.4

79.9
34.9
33.7

82.6
36.0
34.1

86.7
39.1
35.4

86.9
38.8
35.2

89.1
39.8
35.8

90.6
40.0
37.2

89.5
40.2
36.7

90.8
41.1
36.9

89.1
37.7
38.3

91.9
39.4
38.9

91.2
39.2
38.1

85 3
33.2
38.2

97.5
44.4
40.0

245.8
49.9
121.7
21.1

264.7
52.3
131 6
22 9

225.6
44.8
112.7
18.8

227.6
45.2
114.7
18.6

232.6
47.1
116.1
19.2

234.8
47.2
117.0
19.3

239.2
47.9
119.1
20.3

244.0
50.0
120.8
20.8

248.1
50.7
122.4
21.5

252.0
50.9
124.6
21.7

258.8
51.3
128.8
22.4

262. 6
51.8
131.2
22.7

265.8
52.3
132.3
23.0

271.5
53.8
134 1
23.5

272.8
54.6
135.3
23.6

221.6
31.2
77.4
15.6

241.6
33.9
84.0
16.7

262.6
36.3
91.9
18.1

214.2
30.4
75.2
15.2

218.9
30.8
76.6
15.3

224.5
31.5
77.9
15.6

229.0
32.1
79.8
16.1

233.5
32.7
81.4
16.2

238.7
33.3
83.0
16.5

244.5
34.5
84.7
16.8

249.8
34.8
87.0
17.1

255.2
35.2
89.0
17.7

259.9
35.9
90.8
17.9

265.1
36.9
92.6
18.2

270.2
37.3
95.1
18.5

276.1
37.8
97.5
18.7

bil.$

Gross national product total f

__ _

_. _

865 0

931 4

do

535.8

577.5

84.0
37.2
34.6

90.0
40.3
36.7

230.2
46.1
115.1
19.0

do
do
do_ __ do
do
do
do
do
do
-do
do_ _

Gross private domestic investment, total

do

126.5

139.8

135.7

119.8

127.3

126.5

132.6

136.0

139.3

143.8

140.2

133.2

134.3

138.3

137.1

142.4

Fixed investment
Nonresident ial
_
Structures
Producers' durable equipment
Residential structures
_ __
Nonfarm
_
Change in business inventories
Nonfarm

do
__do
- -do _
,do_ _.
do
do
- _do_ __
do

118.9
88.7
29.6
59.1
30.3
29.7
7.6
7.5

131.4
99.3
33.8
65.5
32.0
31.5
8.5
8.0

132.3
102.6
35.2
67.4
29.7
29.1
3.5
2.9

117.2
88.3
29.8
58.5
28.8
28.3
2.6
2.5

117.0
86.4
28.9
57.5
30.6
30.1
10.4
10.3

118.3
88.3
29.4
59.0
29.9
29.4
8.2
8.1

123.3
91.6
30.3
61.3
31.7
31.1
9.3
9.3

128.7
95.7
32.6
63.1
33.0
32.4
7.4
7.3

131.4
97.5
32.3
65.2
33.9
33.3
7.9
7.6

132.4
101.5
35.2
66.3
31.0
30.4
11.3
10.8

133.0
102.6
35.1
67.5
30.4
29.8
7.2
6.5

131.6
102.6
35.7
66.9
29.1
28.4
1.6
.9

131.2
102.8
35.3
67.5
28.4
27.8
3.1
2.6

132.7
103.6
35.0
68.6
29.2
28.6
5.5
5.0

133.5
101.3
34.7
66.6
32.2
31.6
3.6
3.0

141.0
105. 1
36.1
69.0
35.8
35.2
1.4
1.2

do
_do
do

2.5
50.6
48.1

1.9
55.5
53.6

3.6
62.2
58.6

1.8
47.7
45.9

3.4
50.7
47.3

3.4
53.2
49.8

1.4
50.9
49.5

1.3
47.8
46.5

1.3
57.2
55.9

2.6
58.3
55.6

2.6
58.8
56.2

3.5
61.1
57.6

4.1
62.8
58.7

4.2
62.8
58.6

2.6
62.0
59.3

3.3
64.6
61.3

Govt. purchases of goods and services, totaL.do
Federal
_ _ _
_
__do
National defense
do
State and local
_
_ -do. __

200.2
99.5
78.0
100.7

212.2
101.3
78.8
110.8

220. 5
99.7
76.6
120.9

193.6
96.4
76.3
97.2

198.3
98.9
77.8
99.4

202.1
100.7
78.6
101.4

206.7
101.9
79.2
104.7

208.5
100.9
78.6
107.5

209.9
99.8
77.9
110.1

214.1
102.5
79.8
111.6

216.3
102.1
78.8
114.2

219.6
102.3
79.3
117.4

218.4
99.7
76.8
118.7

221.0
98.6
75.8
122.4

223.2
98.2
74.6
125.0

228,7
98.4
74.0
130.2

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

857.4
422.9
170.4
252.5
347.1
87.4

922.9
451.6
183.9
267.7
377.6
93.8

973.1
470.9
185.3
285.6
409.6
92.6

832.3
411.6
165.2
246.4
334.7
86.0

847.8
417.8
168.0
249.8
343.1
86.8

867.6
429.0
173.1
255.9
352. 2
86.3

882.1
433.3
175.3
258.0
358.4
90.5

900.2
440.9
180.5
260.4
364.8
94.5

915.9
448.8
182.7
266.1
372.3
94.8

931.2
454.9
184.8
270.1
383.0
93.3

944.5
461.7
187.4
274.3
390.3
92.5

957.9
465.5
185.5
280.0
400.1
92.3

968.1
471.8
188.5
283.3
405.8
90.4

980.0
474.2
188.3
286.0
413. 2
92.6

986.3 1,019.3
472.0 487.5
193.3
178.8
293.3 294.2
429.4
419.4
102.4
94.9

7.6
5.7
2.0

8.5
6.4
2.1

3.5
-.2
3.6

2.6
2.5
.1

10.4
7.1
3.2

8.2
5.8
2.4

9.3
7.2
2.1

7.4
5.6
1.8

7.9
6.7
1.2

11.3
7.9
3.5

7.2
5.3
1.9

1.6
-.3
1.9

3.1
-1.9
5.0

5.5
5.2
.3

Net exports o/ goods and services
Exports
Imports.. _
- - _ - - - _ -

_

_ _

Change in business inventories .
Durable goods
_
Nondurable goods
_

_ do. _
do
do_ _
.do
do
do
do
__do
do. __

3.6
-3.7
7.2

1.4
2.7
-1.4

GNP in constant (1958) dollars
Gross national product, total t

-

-

_bil. $__ 707.2

727.1

724.1

693.5

705.4

712.6

717.5

722.1

726.1

730.9

729.2

723.8

724.9

727.4

720.3

732.7

452.3

467.7

477.1

445.0

448.4

457.7

458.1

463.3

467.1

468.7

471.7

474.0

478.1

479.6

476.6

486.6

do
__do .
do

81.4
196.5
174.4

84.9
201.2
181.6

82.0
207.9
187 2

78.1
195.5
171.3

80.2
194.9
173.2

83.9
197.9
175.9

83.2
197.6
177.4

84.9
199.7
178.7

85.7
200.9
180.5

84.1
201.9
182.7

84.9
202.4
184.4

82.7
205.6
185.8

84.9
206.6
186.6

83.6
208.2
187.8

76.9
211.1
188.6

86.6
210.5
189.5

do

105.7

111.3

102.8

101.3

107.1

105.1

109.5

109.7

111.5

114.1

110.0

102.9

103.1

104.1

101.3

103.7

98.8
75.5
23.3
6.9

104.1
80.8
23.3
7.2

99.8
79.2
20.6
3.0

98.9
76.1
22.9
2.4

97.6
73.8
23.8
9.5

97.7
74.9
22.8
7.4

101.0
77.1
23.9
8.5

103.6
79.3
24.3
6.1

104.8
80.2
24.7
6.6

104.2
81.9
22.3
9.9

103.9
82.1
21.8
6.1

101.5
80.9
20.7
1.3

100.1
80.2
20.0
2.9

99.6
79.6
20.0
4.6

98.1
76.3
21.9
3.1

102.5
78.4
24.1
1.2

.9

.2

2.4

.8

1.5

1.5

-.2

-.4

-.3

.8

.9

1.9

2.4

3.1

2.0

2.3

Personal consumption expenditures, total.. -do_ _
Durable goods
Nondurable goods _
Services
Gross private domestic investment, total
Fixed investment
Nonresidential
Residential structures
Change in business inventories
Net exports of goods and services

do
.do _
do
do
do

148.3
146.4
148.5
Govt. purchases of goods and services, total. _do
147.8
141.8
Federal
do
78.7
79.1
75.7
77.5
67 7
State and local
__
do__._
69.6
69.4
72.1
68.9
74.1
r
Revised.
v Preliminary.
t Revised series. Estimates of national income and product
and personal income have been revised back to 1967 (see p. 17 ff. of the July 1970 SURVEY);




140.2
140.6
145.0
140.3
147.3
146.6
141.3
148.3
150.0
147.9
149.5
63.4
66.2
65.5
71.1
79.4
75.2
73.8
78.9
78.0
67.8
75.8
76.8
74.4
74.8
72.1
72.9
73.8
73.5
69.4
70.6
72.1
71.5
revisions prior to May 1969 for personal income appear on p. 26 fl. of the July 1970 SURVEY.
9 Includes data not shown separately.

&-1

SUEVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown in
the 1969 edition of BUSINESS STATISTICS

1968

1969

1970

Annual total

1968
1
III
1 IV
i

June 1971

1969
I

II

1970
III

IV

I

'1971

II

III

IV

I

II

III

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

712.7

769.5

800.1

722 2

735.2

749.3

764.0

779.5

785.2

791.5

797.4

806.6

804.8 ' 833. 3

Compensation of employees total

do

514.1

564.2

599.8

520.9

532.5

544.9

557.5

572.2

582.1

592.2

596.4

603.8

606.7

625.2

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

do
do
do
do
do
do
do
do
do

464.8
369.1
17.9
77.8
49.3
64.1
49.1
15.0
21.3

509.0
404.9
19.0
85.1
55.1
66.8
50.5
16.4
22.0

540.1
426.1
19.3
94.6
59.7
67.6
51.4
16.2
22.7

471.0
373.4
18.6
79.0
49.9
64.4
49.2
15.3
21.3

481.4
382.5
18.2
80.7
51.1
65.2
49.4
15.8
21.3

491.6
391.5
18.1
81.9
53.3
66.0
49.9
16.2
21.6

502.9
401.2
18.4
83.4
54.6
66.7
50.5
16.2
22.0

516.4
409.9
19.9
86.6
55.8
67.5
50.9
16.6
22.1

525.3
417.2
19.6
88.5
56.8
67.2
50.6
16.6
22.3

534.4
422.6
•20.1
"91.7
57.9
67.6
50.6
17.0
22.5

537.4
424.0
19.5
93.9
59.0
67.8
51.2
16.5
22.6

543.4
428.9
19.1
95.4
60.4
67.8
51.7
16.1
22.7

545.2
429.1
18.6
97.5
61.4
67.4
52.0
15.3
23.0

560.6
440.7
19.2
100.6
64.6
67.0
52.2
14.7
23.1

85.4

85.8

76.5

87.4

87.1

87.1

87.4

86.8

82.0

76.7

77.5

78.4

73.3

'82.8

11.0
74.4
42.4
19.1
23.3

12.0
73.8
41.8
19.3
22.4

12.5
64.0
33.5
18.1
15.4

11.5
75.9
42.9
19.4
23.6

11.2
75.9
43.7
19.2
24.4

11.5
75.5
43.4
19.4
24.0

11.9
75.4
42.9
19.9
23.0

12.2
74.6
41.8
19.1
22.7

12.2
69.8
39.1
19.0
20.0

12.0
64.7
35.2
18.3
16.9

12.3
65.2
35.5
18.2
17.2

12.9
65.5
34.7
18.3
16.3

12.6
60.7
28.6
17.7
11.0

'12.8
70.0
37.7
18.6
19.1

11.0
21.0

10.7
21.4

9.1
21.4

11.2
21.8

10.7
21.5

11.0
21.2

10.8
21.8

10.6
22.2

10.3
20.4

9.1
20.4

8.6
21.1

9.1
21.7

9.6
22.5

9.3
23.0

88.7
40.6
48.2
23.3
24.9
-3.3
27.8

91.2
42.7
48.5
24.7
23.9
-5.4
30.7

81.3
37.5
43.8
25.2
18.6
-4.8
33.5

88.4
40.4
48.0
23.8
24.2
-.9
28.2

91.3
41.7
49.6
24.1
25.5
-4.2
29.1

93.0
43.5
49.5
24.1
25.5
-5.9
29.7

93.4
43.8
49.7
24.4
25.2
-6.0
30.4

89.9
42.1
47.9
25.0
22.9
-3.2
31.0

88.5
41.4
47.1
25.2
21.9
-6.5
31.7

82.6
38.0
44.6
25.2
19.4
-5.8
32.4

82.0
38.1
43.9
25.1
18.8
-4.5
33.1

84.4
38.9
45.4
25.4
20.0
-5.9
33.8

76.3
34.8
41.4
25.1
16.3
-3.0
34.5

'86.5
'39.1
47.5
25.8
21.7
-3.7
35.2

688.7
97.5
591.2
550.8
40.4

748.9
117.3
631.6
593.9
37.6

801.0
116.3
684.8
634.6
50.2

697.6
102.1
595.6
559.1
36.5

712.5
106.5
606.0
566.4
39.6

725.8
113.8
612.0
577.7
34.3

741.1
118.1
623.0
589.7
33.3

758.1
117.5
640.6
598.7
42.0

770.5
119.9
650.6
609.6
41.1

782.3
117.0
665.3
620.5
44.8

801.3
117.7
683.6
632.1
51.5

807.2
114.2
693.0
640.2
52.7

813.3
116.1
697.2
645. 5
51.8

831.5
116.4
715.1
665.3
49.8

67.76
28.37
14.12
14.25

75.56
31.68
15.96
15.72

79.71
31.95
15.80
16.15

16.79
7.13
3.54
3.59

19.03
8.10
4.16
3.94

16.04
6.58
3.36
3.22

18.81
7.82
3.98
3.84

19.25
8.16
4.03
4.12

21.46
9.12
4.59
4.53

17.47
7.14
3.59
3.56

20.33
8.15
4.08
4.07

20.26
7.99
3.87
4.12

21.66
8.66
4.26
4.40

39.40
1.63
1.45
2.56
1.59
10.20
7.66
2.54
6.83
15.14

43.88
1.86
1.86
2.51
1.68
11.61
8.94
2.67
8.30
16.05

47.76
1.89
1.78
3.03
1.23
13.14
10.65
2.49
10.10
16.59

9.66
.39
.31
.64
.41
2.61
1.87
.74
1.61
3.69

10.93
.40
.38
.66
.47
2.90
2.16
.74
2.00
4.13

9.45
.42
.38
.68
.38
2.36
1.88
.48
1.81
3.41

10.99
.48
.44
.66
.46
2.99
2.22
.77
2.00
3.97

11.10
.47
.49
.53
.40
3.03
2.23
.80
2.11
4.07

12.34
.49
.55
.64
.44
3.23
2.61
.62
2.39
4.60

10.32
.45
.42
.73
.28
2.54
2.15
.39
2.14
3.76

12.18
.47
.47
.80
.31
3.28
2.59
.69
2.59
4.26

12.27
.46
.46
.74
.30
3.58
2.79
.78
2.56
4.16

12.99 ' 10. 99 ' 13. 15
12.99
.50
'.52
'.49
.49
.43
'.34
'.50
.45
'.61
.76
'.34
.36
'.41
.33
'.28
.40
3.74 '3.11 '3.90
4.02
3.12 '2.70 '3.30
3.25
.63
.41
'.60
.77
2.50
2.81
4.42 '3.94 ' 2 7. 21 27.26

do
do
do
do

67.77
28.86
14.47
14.40

69.05
28.70
14.39
14.31

72.52
29.99
15.47
14.52

73.94
31.16
15.98
15.18

77.84
33.05
16.53
16.52

77.84
32.39
15.88
16.50

78.22
32.44
16.40
16.05

80.22
32.43
16.32
16.11

81.88
32.15
15.74
16.40

78.63
30.98
14.92
16.05

' 79. 32 ' 182. 38 i 82. 83
' 30. 46 '30.54
30.68
' 14. 21 '14.66
14.89
' 16. 25 ' 15. 88 15.79

do
do
do
do
do
do
do
do
do
do

38.91
1.57
1.29
2.69
1.65
9.82
7.50
2.32
6.67
15.22

40.35
1.52
1.34
2.87
1.75
10.63
7.74
2.89
7.34
14.91

42.53
1.83
1.68
2.89
1.87
11.52
8.62
2.90
7.74
15.00

42.78
1.88
1.76
2.22
1.66
11.68
8.71
2.97
7.92
15.67

44.80
1.89
2.06
2.23
1.65
11.48
8.98
2.50
8.71
16.78

45.46
1.85
1.94
2.80
1.63
11.80
9.36
2.44
8.76
16.67

45.78
1.92
1.74
2.94
1.37
12.14
9.77
2.37
9.14
16.52

47.79
1.84
1.88
2.88
1.12
12.72
10.15
2.57
10.38
16.98

49.73
1.86
1.96
3.24
1.22
13.84
11.34
2.50
10.62
17.00

47.66
1.94
1.56
3.08
1.22
13.68
11.20
2.48
10.20
15.97

' 48. 86 ' 51. 84
'2.04 '2.01
' 1.46 '2.00
'1.29 '2.30
'1.33 '1.59
' 14. 64 ' 15. 18
' 12. 16 r 12. 98
2.48 '2.20
10.70
' 17. 39 '228. 75

13, 284
8,878

12, 701
8,378

11, 995
7,510

14, 222
9,490

14, 574
9,602

14, 811
9,888

15, 374
10, 241

15, 806
10, 582

15, 930
10, 696

15, 795
10, 461

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
do
Corporate profits tax liability
do
Corporate profits after tax
do
Dividends
do
Undistributed profits
do
Inventory valuation adjustment
do
Net interest
do
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 :t
Allindustries...
bil. $
Manufacturing
. .
_ do
Durable goods industries 1
_. do. .
Nondurable goods industries ^
do. . .
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 f
Nondurable goods industries f
Nonmanufacturing
Mining. __ ...
Railroad
Air transportation _
Other transportation
Public utilities
Electric. .. _
Gas and other
Communication
Commercial and other

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

U.S. BALANCE OF INTERNATIONAL
PAYMENTScf
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants)
mil $
Merchandise, adjusted excl military
do
Transfers under U.S. military agency sales contracts
mil $
Receipts of income on U.S. investments
abroad
mil $
Other services
do

50, 623
33, 588

55, 600
36, 490

62, 903
41, 980

'6.69
'3.11
'3.58

'7.66
'3.68
' 3 98

i 20. 68
7.69
3.68
4.01

52.15
2.00
1.87
1.56
1.56
15.64
13.15
2.49
2 29. 51

16, 515
11, 032

1,395

1,515

1,480

393

357

407

329

442

336

274

447

327

433

507

9,233
6,407

10, 539
7,056

11,409
8,034

2,398
1,615

2,339
1,627

2,471
1,607

2,585
1,818

2,716
1,814

2,767
1,820

2,925
1,934

2,791
1,986

2,855
2,052

2,839
2,062

2,845
2,131

-48,134 -53, 589 -59,311 -12, 436 -12, 384
Imports of goods and services
do
-32,964 -35, 830 -39,870 -8,568 -8,441
Merchandise, adjusted, excl. military
do
Direct defense expenditures
do
-4,535 -4,856 -4,851 -1,147 -1,173
Payments of income on foreign investments in the
U.S
mil $
-800
-3,013 -4,564 -5,167
-775
-7,621 -8,339 -9,425 -1,946 -1,970
Other services
do
r
Revised.
» Preliminary.
1 Estimates (corr ected for systema tic biases ) for Ap r.June and July-Sept. 1971 based on expected capital expendil ures of b usiness. E xpected ex2 in
penditures for the year 1971 appear on p. 16 of theJune 197 1 SURVEY.
eludes cc mmunication.
fSee corresponding note on p. S-l.
9Incl udes inv entory viiluation adquarterl y data b< ick
justment.
J Revised series; explanation of revisio us and an nual and
to 1947 appear on pp. 25 ff. of the Jan. 1970 Sum7EY; see iilso pp. 19 ff. of tr e Feb. 1970
SURVEY.
 ©Personal outlays comprise persona 1 consumiption e spenditur es, inter est



r 17. 68 ' 120. 80

-11.657 -13, 926 13, 866 14, 142 -14, 493 -14, 761 -14, 935 15, 125 -15, 464
-7,589 -9,566 -9,278 —9, 397 -9,728 -9,831 -9,992 10 319 -10, 760
-1,198 -1,187 -1,221 —1, 251 -1,182 -1,255 -1,211 -1,203 -1,184
-929 -1,078 -1,242 —1, 315 -1,348 -1,322 -1,284 -1,213 -1,118
-1,941 -2,095 -2, 125 —2, 179 -2,235 -2,353 -2,448 -2,390 -2,402
§P ersonal saving is
paid Dy consiimers, aiid perso nal trans fer payrnents to foreignei •s.
excess of dispo sable inc ome ove <• persona 1 outlays
HD ata for in dividual durable and non durable goods ind ustries componerits appear in the
c("RevisecI; more complete details,
Mar., June, Sept., anc . Dec. issues of he SURAfEY.
as we 11 as revi ;ed quar erly dat i back to 1966, appear on i). 24 ff. o C this issv10 of the SURVEY.
e
Corre sted.
«In eludes tlle retroa 3tive pajr increase, for Federal persejnnel.

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