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SURVEY OF CURRENT BUSINESS

14

April 1975

NATIONAL INCOME AND PRODUCT TABLES
1974

1973
1973

1974

I

IV

II

1975

III

IV

1973
1973

IP

1974

1974

I

IV

Seasonally adjusted at annual rates

II

1975

III

IV

IP

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 1 344 0 1 358 8 1,383 8 1 416 3 1 430 9 1 419 2

Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential structures
Nonfarm
Farm
Change in business inventories
Nonfarm.
Farm

-

.

827 1

823 1

804 0

782 3

869.1

901.3

895.8

916.3

552.1

539 5

546 3

539 7

542 7

547 2

528 2

532 3

130 3
338.0
336.9

127.5
380.2
369.0

124 3
352.1
347.4

123.9
364.4
352.4

129.5
375.8
363.8

136.1
389.0
376.2

120.7
391.7
383.5

125 5
399.3
391.5

113 6
228.6
209.9

103.1
223.7
212.6

107 2
227 4
211.7

105 2
223 9
210.6

106 8
223 6
212 2

107 8
225 8
213 7

92 8
221 4
214 1

95 8
2^2 7
213 8

209.4

224.5

210.5

211.8

205.8

209.4

164.6

138.1

126.7

145 8

133 3

130 3

122 7

120 5

90 6

195.2

195.5

193.6

198.3

197.1

191.6

182.6

127.3

118.0

125 8

122 7

122 2

117 7

109 6

101 6

149.2
52.0
97.1
46.0
45.2
.7

141.9
49.3
92.6
53.6
53.0
.6

145.2
51.3
93.9
48.4
47.8
.7

149.4
52.2
97.2
48.8
48.0
.8

150.9
51.0
99.9
46.2
45.4
.8

151.2
53.7
97.5
40.4
39.7
.7

147.4
52.8
94.6
35.2
34.7
.5

94 4
25.4
69.0
32.9
32.6
.3

94.0
26.2
67.8
24.0
23.6
.4

96 0
26 0
70.0
29 8
29.5
.4

96 3
26 7
69.7
26 4
26 0
.4

96 5
26 6
69 9
25 7
25 3
.4

94 1
25 4
68.7
23 6
23 1
.4

89 2
26 1
63 1
20 4
20 1
4

84
25
58
17
17

15.4
11.4
4.0

14.2
11.9
2.3

28.9
24.0
4.9

16.9
13.1
3.8

13.5
10.4
3.1

8.7
6.6
2.1

17.8
17.5
.3

—18.0
-16.6
— 1.3

10.8
8.9
1.8

8.7
7.4
1.2

20.0
17.9
21

10.6
8.7
18

82
6 4
18

5.0
3.9
1i

10 9
10.7
2

—11 0
—10 2

1
3
8
5
3
2

0

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

2.1

9.3

11.3

-1.5

-3.1

1.9

5.4

4.6

9.0

7.9

11.5

8.2

7.3

9.1

11.0

140.2
138.1

113.6
104.3

131.2
119.9

138.5
140.0

143.6
146.7

147.5
145.7

143.5
138.1

66.6
62.0

71.9
62.9

68.9
61.0

73.3
61.8

73.4
65.1

70.9
63.6

69.9
60.9

67 1
56. 1

276.4

309.2

286.4

296.3

304.4

312.3

323.8

332.8

144.4

146.0

145.7

146.0

145.8

145.9

146 3

148.3

106.6
74.4
32.2
169.8

.

.

3.9

100.4
96.4

Net exports of goods and services
Exports
Imports- _

830 5

840.6

136.8
47.0
89.8
57.2
56.7
.5

Gross private domestic investment . . .

845 7

823.9

209.4

- -

821 2

876.7

194.0

Durable goods
Nondurable goods
Services. -- --

839 2

805.2

Personal consumption expenditures

116.9
78.7
38.2
192.3

108.4
75.3
33 1
177.9

111.5
75.8
35.7
184.8

114.3
76.6
37.7
190.1

117.2
78.4
38.8
195.1

124.5
84.0
40.6
199.3

127.7
85.2
42 5
205.1

57.3

56.5

56.4

56.3

56.3

56.5

57.0

58 0

87.0

89.5

89.3

89.7

89.5

89.4

89.3

90.3

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

839.2

821.2

845.7

830.5

827.1

823.1

804.0

782.3

1 279 6 1 383 2 1 315 11 341 9 1 370 3 1 407 6 1 413 11 437 1 828.4
14.2
15.4
16.9
10.8
28.9
17.8 — 18.0
13.5
87

812.5
8.7

825.7
20.0

819.9
10.6

818 9
8.2

818.1
5.0

793.1
10.9

793.3
-11.0

1,294 9 1, 397. 4 1 344 0 1 358.8 1 383.8 1, 416. 3 1 430.9 1 419.2

Gross national product
Final sales
Change in business inventories

622 7

670.3

653 6

651.9

664 9

681.7

682 6

665.0

459.1

442.8

465.1

449.1

448.9

446.0

427.1

409.0

Final sales
Change in business inventories

607 3
15.4

656.1
14.2

624 7
28.9

635 0
16.9

651 3
13 5

673 0
8.7

664.8
17.8

682 9
—18.0

448.3
10.8

434.1
8.7

445.1
20.0

438.5
10.6

440.8
8.2

441.0
5.0

416.3
10.9

420.0
-11.0

Durable goods
Final sales
Change in business inventories

250.3
240.9
9.4

256.9
249.2
7.7

255.4
240.6
14.8

251.0
242.3
8.7

246 6
248.5
—1.8

265.5
259.8
5.7

264.5
246.2
18.3

240.5
251.7
—11.2

206.0
198.5
7.5

195.9
191.0
4.9

206.3
194.9
11.5

200.2
194.3
5.8

195.4
196.6
-1.2

200.2
196.6
3.6

188.0
176.7
11.3

169.2
176.4
-7.2

Nondurable goods
Final sales
Change in business inventories

372 4
366 5
6.0

413.4
406.9
6.5

398 2
384.1
14.1

401 0
392.8
8.2

418 2
402 9
15.4

416 2
413.2
3.0

418.1
418.6
-.5

424 5
431.2
-6.8

253 1
249.9

246.9
243.1
3.8

258.7
250.2
8.5

248.9
244.2
4.7

253.6
244.2
9.4

245.8
244.4
1.4

239.2
239.6
-.4

239.8
243.6
-3.8

534 4

590 3

553 2

569.7

579 2

597.8

614.5

625.5

304.5

310.9

307.8

310.7

308.3

310.7

313.7

313.7

137 8

136.8

137.2

137.1

139 7

136.7

133.9

128.7

75.5

67.5

72.8

70.7

69.8

66.4

63.2

59.6

782.3

Goods output

Services

..

.

Structures

0

0

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.
General governmentFederal
State and local
Rest of the world
Addendum: Gross private product.

1,294.9 1,397.4 1,344.0 1,358.8 1,383.8

1, 416.3 1, 430.9 1,419.2

1,096.8 1,177. 8 1,138.8 1,143.1 1,168.8 1,195.7 1,203.6 1,189.5
1,040. 3 1,124.1 1, 074. 5 1,082.6 1,117. 8 1,144.4 1,151.5 1,143. 2
56.5
51.3
64.4
60.5
51.1
46.3
53.8
52.1
41.3

47.0

43.0

44.6

46.5

48.0

148.5
52.8
95.7

160.8
55.7
105. 1

153.4
54.3
99.1

156.3
54.8
101.5

158.8
55.0
103.9

161.6
55.3
106.3

8.4

11.9

8.9

14.7

9.7

11.1

753.1
725.8
27.4

821.2

845.7

830.5

827.1

823.1

804.0

816.9

839.2

1,286.5 1,385.6 1,335.2 1,344.0 1,374.1 1,405.2 1,418.9 1,409.8

840.7

823.5

824.1

819.8

800.0

779.2

733.8
706.3
27.5

759.2
731.0
28.2

740.9
713.9
27.0

741.4
712.7
28.7

736.6
708.0
28.6

716.5
690.8
25.7

694.6
667.1
27.5

18.8

18.9

18.8

19.0

21.1
42.8

64.2
21.0
43.2

64.8
21.0
43.7

65.6
21.0
44.6

50.0

18.5

18.9

18.7

19.1

166.5
57.9
108.7

170.3
58.0
112.2

62.3
21.3
41.0

64.1
21.1
43.0

62.9
21.1
41.7

63.5
21.1
42.3

12.0

9.4

5.2

4.3

5.0

7.0

3.0

3.3

4.0

767.0

763.2

758.8

739.2

48.8

1,146.5 1,236.6 1,190.7 1,202.5 1,225.0 1,254.7 1,264.4 1,248.9

776.9

757.1

782.8

3.1

716.7

Preliminary.

HISTORICAL STATISTICS
THE national income and product data for 1929-63 are in The National Income and Product Accounts of the United States, 1929-1965,
Statistical Tables (available at $1 from Commerce Department District Office or the Superintendent of Documents; see addresses inside front
cover). Each July SURVEY contains preliminary data for the latest 2 years and fully revised data for the preceding 2. The July 1974 issue has
data for 1970-73. Prior July issues have fully revised data as follows: 1969-70, July 1973; 1968-69, July 1972; 1967-68, July 1971; 1966-67,
July 1970; 1965-66, July 1969; 1964-65, July 1968.




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 $5.15) 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
I

II

Annual total

1974

1973
III

| IV

I

III

II

IV

I

\

U

1975

III

IP

IV

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
1,158.0

1,294.9

Personal consumption expenditures, total.. do

729.0

805.2

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

118.4
53.1
48.7

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

Gross national product, totalf

.

bil. $

1 397 4 1,115.0

1,143.0

1,169.3

876.7

701.5

720.6

736.8

757.2

781.7

799.0

816.3

823.9

840.6

869.1

901.3

895.8

916.3

130.3
57.5
55.0

127 5
49 7
58.8

112.1
49.4
47.1

116.2
51.5
47.9

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

125 5
47 0
58.3

299.7
63.0
143.7
25.0

338.0
70.2
165.1
28.3

380 2
74 1
187 7
35 9

288.4
60.0
139 3
24.6

297.4
62.5
142.4
24.5

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
73
196
37

399
76
202
38

310.9
43.3
107.9
21.8

336.9
47.3
116.4
23.4

369.0
52 9
126 4
26.1

301.0
41.2
105.1
21.5

307.0
42.6
106.9
21.6

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 1

391.5
56 5
134 2
28 2

179.3

209.4

209.4

169.4

175.5

182.1

190.2

199.0

205.1

209.0

224.5

210.5

211.8

205.8

209.4

164.6

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

164.5
112.7
40.7
72.0
51.8
51.2
5.0
4.1

167.6
114.7
41.0
73.7
52.9
52.3
8.0
7.0

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
87
6 6

191 6
151 2
53 7
97 5
40 4
39 7
17 8
17 5

182 6
147 4
52 8
94.6
35.2
34 7
— 18 0
— 16.6

do
do
do

-6.0
72.4
78.4

3.9
100.4
96.4

2.1
140.2
138.1

-7.1
69.1
76.1

-6.9
68.8
75.7

-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
138.5
140.0

-3.1
143 6
146 7

1.9
147 5
145.7

5.4
143 5
138.1

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

251.1
105. 6
75.9
145 5

253.8
105.9
75.9
147 9

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

332.8
127.7
85.2
205 1

Services, total9
Household operation
Housing
Transportation ....

..do
do
do
do
do .
do
do
do

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

By major type of productrf
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
8.5
7.1
1.4

15.4
9.4
6.0

1 2047 1 248 9 1 2779 1 308.9 1 344.0 1 358.8 1 383 8 1 416 3 1 4309 1 419 2

1, 383. 2 1 110.0 1,135.1 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
514.3
529.4
618.0 624.7
541.0
556 2
585 8 600 9
249.2
204.6
210.6
218.3
243.9 240.6 242.3 248.5
223.6 237.8 241.2
406.9
309.7
318.9
374.2 384.1 392.8 402.9
322.7
332.6 347.9 359.7
590.3 472.1 481.5 492.4
569.7
579.2
506.5
516.0 528.3 540.2 553.2
136.8
137.1
123.6
124.1
125.6
138.8 137.2
130.9
137.1 138 0
139.7

14.2
7.7
6.5

5.0
2.7
2.2

8.0
5.8
2.2

10.2
6.8
3.4

11.0
13.2
-2.2

10.0
6.1
3.9

10.7
7.7
3.0

11.8
9.0
2.9

7
7
0
5

3
1
1
3

1 407 6 1,413 1 1,437 1
682 9
673 0
664 8
251.7
259. 8
246. 2
413.2
418.6
431.2
614.5
625.5
597.8
136 7
128 7
133 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

-18.0
— 11.2
-6.8

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

792 5

OOQ 9

821 2

77ft Q

7ftfi fi

70S 1

01 X

f)

009 o

007

*

84.fl 8

OAK 7

830 5

827.1

823.1

804.0

782.3

527.3

552.1

539.5

512.8

523.2

531.2

542.2

552.9

553.7

555.4

546.3

539.7

542.7

547.2

528.2

532.3

104 9
220.2
202 2

113 6
228.6
209 9

103 1
223.7
212 6

99 8
214.4
198 6

103 0
219.8
200 4

106 8
221.3
203 o

i in 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

107.8
225.8
213.7

92.8
221.4
214.1

95.8
222.7
213.8

125.0

138.1

126.7

119.4

123.2

126.6

130.9

134.4

136.3

135.8

145.8

133.3

130.3

122.7

120.5

90.6

122.7
96 3
26.4
10.6

122.2
96.5
25.7
8.2

117.7
94.1
23.6
5.0

109.6
89.2
20.4
10.9

101.6
84.1
17.5
-11.0

11.5

8.2

7.3

9.1

11.0

Fixed investment
Nonresidential .
Residential structures
Change in business inventories

do
do
do
do

118.0
83 7
34.3
7.0

127.3
94 4
32.9
10.8

118.0
94 0
24.0
8.7

115.2
81 3
33! 8
4.2

116.6

Net exports of goods and services

do

-3.0

4.6

9.0

-4.9

—3. 6

g9 4.

34.2
6.6

Govt. purchases of goods and services, total -do
143.1
144.4
143.8
146.0
143.8
Federal
.do
61 0
62 9
57 3
62 5
56 5
State and local
do
8Q 5
80. Q
82.1
87.0
81.3
r
Revised.
» Preliminary.
f Revised series. Estimates of national income and product
and personal income have been revised back tc 1971 (see p. 11 ff. of the July 1974 SURVEY) ;

118.1
83 8
34.3
8.5

122.0
87 2
34.8
8.8

127.1
92 2
35.0
7.3

128.4
94 3
34.1
7.8

127.7
95 i
32.6
8.0

125.8
96 0
29.8
20.0

-1.4

-1.9

1.4

3.5

5.8

7.9

148.3
146.3
145.9
145.8
146.0
145.7
141.8
144.1 143.9
143.7
143.0
58.0
57 0
56 5
56 3
56 3
56 4
56 2
59 5
59 2
57 7
58 9
90.3
89.3
89.4
82.4
83.8
85.2
86.2
87.5
89.3
89.7
89.5
revisions prior to May 1973 for personal income appear on pp. 22-23 of the July 1974 SURVEY.
9 Includes data not shown separately.

S-l
573-238 O - 75 - S-l




SUKVEY OF CUKKEJSTT BUSINESS

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

1972

Annual total

1973

1972

1 1973 | 1974

III

II

April 1975

IV

I

II

1974
III

IV

I

1975

II

III

IV

IP

II

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
Implicit price deflators:!
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
National income totalf

154 31
145.9

170 18
162 5

145 31
137 7

146. 50
138.7

147 96
139.7

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. 41
172.1

144.8
139 6
157.4
178 6

152.4
144.9
174.0
191 5

165.3
158 7
191 4
211 8

143.8
139 3
154.6
176 5

145.6
140.2
158.9
179 9

146.9
140.5
162.8
183 6

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

179.7
175.3
200.7
224.4

1 065.6 rl 142 5

1,051.2 1,077.3 1,106.3

1 118.8 1,130.2 1,155.5 *•! 165 4

932.5

954.3

987.0 1,027.6

do

707 1

786 0

855 8

699 0

712.6

732.9

759.1

776.7

793.3

814.8

828.8

848.3

868.2

877 7

875.4

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

619.7
486.7
20.1
113.0
79 3

631.2
495.3
19.9
116.0
81.4

649.6
508.7
21.2
119.7
83.4

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

764.9
597.2
22.0
145.7
110.5

75 9
54 9
21.0
25.9

96 1
57 6
38.5
26.1

93 0
61 2
31 8
26 5

74.6
54 3
20.3
24.4

75.8
55.5
20.3
26.8

80.1
56 1
24.0
26.7

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

85.0
62 8
22.2
27.0

105 1 r 105 g

89 5

92.9

99.8

103.9

105.0

105.2

106.4

107.7

105.6

105.8

r 103 4

17
72
39
18
21

4
1
6
1
5

17.8
75 1
40.8
19 4
21.4

18 3
81 5
45.1
20 0
25 1

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
87
46
26
19

8
0
2
9
3

20.7
84.9
46.8
29 7
17.1

20.7
85.1
48.6
33 3
15.3

8.9
23 6

9.5
24.8

9.9
26.6

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

75
98 7

ofi n
40 3
55 7
27.1
28.6

100 2
41.8
58.4
27.8
30.6

108 2
45 2
63.1
28.2
34.9

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

iqc A

139 0
55.9
83.1
32.5
50.5

157 0
62.7
94.3
33.2
61.1

r 1 31 ^

52 2
83 2
31.6
51.6

-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

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

1,168.2
175.1
993.1
927.6
65.5

.. - 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 5
Farm
Rental income of persons

146 12
138.2

do
do
do - .... .do _

Corporate profits and inventory valuation
ment total
By broad industry groups:
Financial institutions
Nonflnancial corporations total
Manufacturing total

adjustbil $
do
do
do

Transportation, communication, and public
utilities
bil $

946.5

92 2
17 6
74 5
40 8
19 0
21 8

19
85
47
21
26

6
5
6
5
1

9 2
24 6

9 2
28 7

r

20 8
84 9

r 47 Q

, Of) (\

r

17 0
7 g

r 30 1

r 20 9
r 82 5

46 3
30 1
16 2

QQ 9

1 99 7

Corporate profits tax liability
Corporate profits after tax
Dividends
Undistributed profits...

do
do
do
do

41 5
57 7
27.3
30.3

49 8
72 9
29.6
43.3

Inventory valuation adjustment
Net interest

do
do

—7 0
45 6

— 17 6
52 3

61 6

—6 5
44.9

-7.3
46.2

-8.4
47.5

bil $
do
do
do
do

944.9
142.4
802.5
749.9
52.6

1,055.0 1 150 5
151.3
170.8
903.7
979.7
829.4
902.7
74.4
77.0

930.9
140.9
790.0
741.1
49.0

950.3
143.1
807.2
757.9
49.3

985.0 1,013.6
147.0
144.1
869.5
838.1
779.2
804.2
58.9
65.3

bil. $
do
do
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

22.01
7.63
3.71
3.92

21.86
7.74
3.86
3.87

25.20
9.38
4.77
4.61

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
11.43
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

do

57.09

61.73

66.39

14.38

14.12

15.83

13.69

15.57

15.42

17.05

14.61

16.89

16.61

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

.61
.48
.73
.39

.59
.38
.61
.35

.63
.47
.63
.40

.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

4.24
3.61
.62
2.95
4.98

4.39
3.67
.72
2.84
4.97

4.74
4.01
.73
3.39
5.57

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

do
do
do
do

87.12
30.37
14.77
16.60

87.67
30.98
15.67
15.31

91.94
33.64
16.86
16.78

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

do

56.75

56.70

68.30

60.68

61.18

62.09

63.12

64.31

66.08

66.94

68.14

65.67

do
do
do
do

2.38
1.88
2.89
1.53

2.40
1.50
2.67
1.41

2.46
1.71
2.33
1.42

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

3.59
2.83
2.06
2.67

r 55 7
r 85 0

32.7
'52.4
r —35 1

r 52 0
r 79 5
33.3
M6.2

33.7

— 28 1

-6.2
68.8

r

65 9

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§

1,039.2 1,068.0
147.2
154.2
892.1
913.9
822.5
840.7
69.6
73.2

1,186.9 1, 193. 0
175.7
178.1
1,008.8 1, 017. 4
942.5
922.3
74.8
86.5

NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
4.11 Industries
Manufacturing
Durable goods industries H
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 ^
Nondurable goods industries ^
Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation

-

17.01
16.60
Public utilities
do
14.62
14.32
Electric
do
2.38
2.27
Gas and other
do
11.56
11.59
Communication
do
20.16
19.88
Commercial and other
do
r Revised.
* Preliminary.
1 Estimates (corrected for systematic biases) for Jan.Mar. and Apr.-June 1975 based on expected capital expenditures of business. Expected
2
expenditures for the year 1975 appear on p. 17 of the March 1975 SURVEY.
Includes
communication.
f See corresponding note on p. S-l.
9 Includes inventory valuation




31.92 125.33 128.67
11.87
10.46
13.63
5.32
4.87
6.64
A tt
6.99
16.80
14.87
18.29
.87
.66
.46
.53

4.37

.93
en
RO

5.08
4 qo

.56
2

7fi

7.98

2 R 77

1113.22 U13.83
ATI 7fl
47.55
22.04
9fi V)
25.51
66.07
3.64
3

ftC

2 15
2 63

20.10
20.14
20.93
20.16
20.97
19.80
20.12
18.58
18.38
18.08
17.53
17 17
16.93
17.76
18.10
17.47
17.12
16.72
15.55
16.00
15.40
14.67
2 92
3.21
3.17
2.68
2.87
3.00
3.08
2.52
2.58
2.98
2.86
14.04 2
13.94
14.01
13.83
13.24
13.12
12.34
12.70
12.63
34. 38 2 34 50
22.04
22.84
21.63
21.69
21.35
21.36
21.55
20.21
21.53
adjustment.
0 Personal outlays comprise personal consumption expenditures, interest
paid by consumers, and personal transfer payments to foreigners.
§ Personal saving is excess of disposable income over personal outlays.
.
HData for individual durable and nondurable goods industries components appear in me
Mar., June, Sept., and Dec. issues of the SURVEY.

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