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BUSINESS STATISTICS

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A HE DATA here are a continuation of the statistics published in the 1949 Statistical Supplement to the SURVEY OF CURRENT BUSINESS.
That volume (price $1.25) contains monthly data for the years 1945 to 1948, and monthly averages for earlier years back to 1935 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1945. Series added or revised since publication of the 1949 Supplement are indicated by an asterisk (*) and a dagger (f), respectively, the accompanying footnote indicating where historical
data and a descriptive note may be found. The terms "unadjusted" and "adjusted" used to designate index numbers and dollar values refer to
adjustment of monthly figures for seasonal variation.
Monthly averages for 1949 are shown in the March 1950 issue of the Survey of Current Business.
for selected series will be found in the Weekly Supplement to the Survey.
1950

1949

Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey

October

November

Data subsequent to October 1950

December

January

February

March

April

May

June

July

August

September

October

GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCTf
Seasonally adjusted quarterly totals at annual rates:
National income, total
bil. of dol
Compensation of employees, total
do
Wages and salaries, total
do
Private
do
Military
do
Government civilian
do
Supplements to wages and salaries
do
Proprietors' and rental income, total cf
do
Business and professional cT
do
Farm
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment, total
bil of dol
Corporate profits before tax, total
do
Corporate profits tax liability
do
Corporate profits after tax
do
Inventory valuation adjustment
do
Net interest
do

214.2
140.2
133.6
112 7
4.6
16 4
6.6
40.7
20.6
12.8
7.3

216.9
142.3
135.2
114.3
4.5
16 4
7.1
41.5
21.4
12.8
7.3

229.1
147.9
140.6
119.5

28.4
27.6
10 6
16.9
.8
4.8

28 2
29.2
12 0
17.2
— 1.0
5.0

35 0
37.4
15 1
22.2
—2 3

Gross national product, total
do
Personal consumption expenditures, total do
Durable goods
do
Nondurable goods
do
Services
do
Gross private domestic investment
do
New construction
do
Producers' durable equipment
do
Change in business inventories..
do
Net foreign investment
do
Government purchases of goods and services,
total
bil. of dol
Federal (less Government sales) _ _
do
State and local
do

253.8
180.6
25.3
97.9
57.4
31.2
18.2
18.7
-5.7
-.7

263.4
182.4
26.9
97.4
58.1
41.7
19.9
19.9
2.0
— 1.7

270.3

—2.0

284.3
198.4
33.5
104.9
59.9
48.4
22.8
27.1
— 1.5
—3.3

42.8
24.3
18.5

41.0
22.2
18.7

40.2
21.4
18.8

40.8
21.2
19.6

Personal income total
Less* Personal tax and nontax payments
Equals: Disposable personal income
Personal saving!

205 4
18.7
186.8
6.2

216 4
19 0
197.5
15 0

215 1
19 5
195.6
10 4

224 8
20 0
204.7
64

do
do
do
do

155.2
147.7
125.2

4.5

16.6

7.5
45.4
24.7
13.3
7.4

7.3

41.2
22.3
11.7
7.1

—7.9
5.0

5.0

185.2
26.7
99.3
59 2
46.9
21 3
22.3
3.4

PERSONAL INCOME, BY SOURCEf
Seasonally adjusted, at annual rates:
Total personal income
bil of dol
Wage and salary receipts, total
do__Employer disbursements, total
_ _do
Commodity-producing industries
do
Distributive industries
do
Service industries.
do
Government
do
Less employee contributions for social insurance _ . ._ _ _
bil. of dol
Other labor income
do
Proprietors' and rental income
do
Personal interest income and dividends do
Total transfer payments
__
do
Total nonagricultural income

do

202.4
130.3
132.5
54.8
39.0
17.8
20.9

205.7
131.3
133. 4
55.5
39 0
17.8
21.1

208.4
132.9
135.1
57.0
39.3
17.8
21.0

214.6
132.2
135. 0
56.7
39.5
17.9
20.9

215. 4
131.5
134.2

2.2
3.0
39.8
17.2
12.1

2.1
3.1
41.7
17.2
12.4

2.2
3.1
40.6
18.9
12.9

186.0

187.6

191.1

55.8
39.3
18.1
21.0

219 3
133.6
136.4
57.7
39 6
18.1
21.0

213 8
135.3
138.1
59. 1
39 7
18.2
21 1

214 5
137.7
140.5
60 9
40 1
18.5
21.0

217 1
140.2
143.2
62 7
40 7
18 6
21 2

2.8
3.0
43.5
17.5
18.4

2.7
3.0
41.0
17.7
22.2

2.8
33
40.2
18 0
24 2

2.8
33
39.8
18 2
17 2

2.8

3 4
41.5
17 8
14 1

195.2

199.0

203.7

198.7

198.4

r

18 8
22 4

228 7
r 147. 8
f T150 6
66 5
Ml 6
r
18 8
' 23 7

230 1
150.0
153 1
67 8
41 7
18 9
24 7

28
3 4
45.5
17 8
12 3

30
34
46.1
18 4
12 0

28
34
"-45.0
r
21 1
11 4

31
34
45.6
19 1
12 0

202.7

207.3

' 211. 2

7
7
5
3
9
7
6

225 4
145.5
148.5
65 6
41 7

30
3 4
42.3
17 8
13 4

200.7

220
141
144
63
40
18
21

211.8

NEW PLANT AND EQUIPMENT
EXPENDITURES
r
4,630
All industries, quarterly total
mil. of dol__
3,700
4,330
4 690
Manufacturing _
__
__
_do_
1,830
r 2 050
1,520
1 860
Mining
_
do
180
150
160
180
Railroad
_
do
300
r 280
230
300
T
Other transportation
__ _ __do__
120
80
90
120
Electric and gas utilities
do
890
r 820
650
760
r
Commercial and miscellaneous
_ do
1,320
1,060
1,160
1, 230
r
Revised.
* Estimates for the last quarter of 1950 and the first quarter of 1951, based on anticipated capital expenditures of business, are shown on p. 5 of this SURVEY.
fRevised series. Quarterly estimates of national income, gross national product, and personal income and monthly estimates of personal income have been revised beginning 1946:
pp. 28-35 of the July 1950 SURVEY for the revised figures,
cf Includes inventory valuation adjustment.
§Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.
917111°—50
S-l




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