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SURVEY OF CURRENT BUSINESS

10

September 1971

NATIONAL INCOME AND PRODUCT TABLES
1971

1970
1969

II

1970

III

1970

IV

1969

Table 1.—Gross National Product in Current and Constant Dollars (1.1,

I

II*

1.2)

929.1

..

.

Change in business inventories
Nonfarm
Farm

988.4 1,020.8 1, 043. 1

724 7

720 0

719 8

721 1

723 3

715 9

729 7

738 4

620 9
90 4
265.5
265 0

624 7
84 9
270.9
268 9

644 6
97.6
272.0
275 0

660.9
100.8
279.8
280 4

469 3
84 8
202.7
181 8

475 9
81 4
207.3
187 2

474 4
82 3
205.7
186 4

477 1
83 8
206.5
186 8

477 9
82 8
207.3
187 9

474 2
76 6
209.7
187 9

484 8
86 7
209.2
188 8

492 3
89 2
213.2
190 0

137.8

135.3

131.2

134.1

138.6

137.3

143,8

152.4

109.6

102.2

101.0

102.7

104.0

101.2

104.7

109.9

132.5

130.8

132 1

133 5

133.6

140.6

146.7

103.2

99.9

100 7

100 7

100.1

98 1

102 1

105.0

102.1
36.8
65 4

100.8
36.1
64 7

102.1
36.6
65 6

104.8
37.3
67 5

100.8
37.1
63 7

104.3
37.9
66 3

107.0
38.2
68 8

80.1
24.6
55 7

78.6
24.2
54 4

79.3
24.6
54 7

79.4
24.4
55 0

80.1
24.2
55 9

75.5
23.5
52 0

77.5
23.8
53 7

78.7
23.1
55.6

30.4
29 7
.6

30.0
29 4
.6

29.9
29 3
.6

28.7
28 1
.6

32.8
32 2
.6

36.4
35 7
.6

39.7
39 1
.6

23.1
22 6
.4

21.3
20 9
.4

21.4
21 0
.4

21.3
20 8
.4

20.0
19 5
.4

22.6
22 2
.4

24.6
24 2
.4

26.4
26.0
.4

7 4
7 3
1

Nonresidential
Structures .
_
Producers' durable equipment

983.5

613 8
90 7
262.9
260.2

31.8
31 2
6

..

968 5

604 0
88 6
259.4
256 1

98.6
34.5
64 1

.

Fixed investment

956.0

615 8
88 6
264.7
262 5

130.4

Gross private domestic investment

974.1

579 6
89 9
247.6
242 1

Gross national product ..
Personal consumption expenditures .
Durable goods
Nondurable goods
Services

2 8
2.5
3

.4
.1
3

2 1
18
3

5 1
4 7
3

3 7
3.3
4

3 2
3.0
2

5.7
5.2
5

6 4
6.3
1

2.3
2.0
3

.3
.0
2

2.0
1.7
3

3.9
3. 6
3

31
2.8
4

2.6
2.4
2

4.9
4.4
.5

2.0

Exports
Imports

Government purchases of goods and services

3.5

4.2

4.0

2.7

4.2

—.5

.1

2.4

1.7

2.6

3.2

2.1

2.6

62.9
59 3

61.5
58.0

63.2
59 0

63.7
59 7

63.2
60.5

66.1
61.9

66.4
66.9

48.5
48.3

52.2
49.8

51.6
49.9

52.8
50.1

52.4
49.2

51.9
49.8

52.8
50.1

53.0
54.0

209.7

.

3.6

55.6
53 6

Net exports of goods and services

219 4

217.3

216.5

220.1

223.7

228.2

230.2

145.6

139.4

142.6

138.7

138.2

138.3

137.6

137.1

97.2 100.2
75 4
78 9
21 9' 21 3

96.8
75 1
21 6

96.1
74 2
2l' 9

95.9
73 2
22 7

96.7
73 0
23 7

95.7
71 8
23 9

73.8

65.4

69.4

65.3

63.8

63.2

61.5

60.5

119 7

124 0

127.9

131.5

134.5

71.9

74.0

73.2

73.4

74.3

75.2

76.1

76.6

99.2
78 4
20 7

Federal
_
National defense
Other

110 6

State and local

122 2

117 1

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

..-

929.1

974.1

956.0

968.5

-1.0

1.5)

983.5

988.4 1,020.8 1,043.1

724.7

720.0

719.8

721.1

723.3

715.9

729.7

738.4

718.2
6.4

717.7
2.3

719.5
.3

719.1
2.0

719.4
3.9

712.8
3.1

727.1
2.6

733.5
4.9

921 7
7.4

Durable goods
_.
_
Final sales
Change in business inventories

.

Nondurable goods
Final sales
Change in business inventories
Services

978 4
5.1

468.3

461.9

468.6

474.9

467.7

483.2

494.6

389.9

383.0

382.7

385. 4

387.2

376.7

386.6

393.3

465.5
2 8

461.5
4

466 6
2 1

469.8
5 1

464.0
3 7

480.0
3 2

488.9
5.7

383.4
6.4

380.7
2.3

382.4
.3

383.4
2.0

383.3
3.9

373.6
3.1

384.0
2.6

388.5
4.9

185.3
180 9
4 5

180.2
180 8
— 6

179.8
181 5
—1 8

181.8
183 7
—2 0

189.6
184 9
4 7

169.7
173 1
3 4

191.8
188.0
38

194.2
191.5
2.7

165.9
162.1
38

156.1
156.8
—.6

157.7
159.4
—1.6

158.8
160.3
-1.5

163.7
160.0
3.7

144.4
147.5
-3.1

161.9
158.7
3.2

163.4
161.1
2.3

288 1
284.7
3 4

282 1
279.9
2 2

286 9
282.9
4 0

285 3
284.9
4

297 9
290.9
7 1

291.4
292.0
—.6

300.4
297.4
3.0

224.0
221.4
2.6

226.9
223.9
3.0

225.0
223.0
1.9

226.7
223.1
3.6

223.5
223.3
.2

232.3
226.1
6.2

224.7
225.3
—.6

230.0
227.4
2.6

377.4

..-

966 5
2.1

272 0
269.0
2 9

Final sales
.
Change in business inventories

955.6
.4

449.9
7 4

Goods output .

971 3
2.8

984.7 1,017.6 1,037.4
3.2
5.7
3.7

457.3

Final sales
Change in business inventories

410.3

400.8

406.2

413.7

420.6

432.3

439.8

267.8

273.4

273.0

272.3

273.9

274.5

276.1

277.6

100.1

105.2

108.6

67.0

63.6

64.1

63.4

62.2

64.7

67.0

67.4

94.4

Structures

95.5

93.4

93.7

94.9

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

1.8)

929.1

Households and institutions
Rest of the world

.

General government .

968 5

983.5

988.4 1,020.8 1,043.1

724.7

720.0

719.8

721.1

723.3

715.9

729.7

738.

844 5

854 8

868.3

871.6

899.5

920.1

664.0

659.4

659.1

660.4

662.8

655.4

669.0

677.

823 4
795 2
28 2

809 1
779 3
29.8

819 7
790 9
28 8

831 3
804 1
27.1

833 5
806 4
27.1

859 6
831.5
28.1

877.9
849. 0
28.9

643. 5
619.3
24.2

638.5
614.6
23.9

637.9
614.4
23.5

640.1
616.1
23.9

641.8
618.6
23.2

634.1
609.2
24.9

646.9
622.0
24.9

654.
629.
25.

28.5

_

956.0

859.8

792 5
764 5
28 0

_

974.1

825 3

Gross national product
Private. .
Business
Nonfarm
Farm.

IV

Billions of 1953 dollars

Billions of current dollars

Gross national product

III

Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

Residential structures
Nonfarm
Farm

II

I

1970

1971

31.7

30.9

31.0

32.1

33.0

34.2

35.0

16.5

17.0

17.1

16.8

17.0

17.1

17.6

17.

4.3

4.6

4.5

4.1

4.8

5.1

5.6

7.2

4.0

4.0

4.1

3.6

4.0

4.2

4.5

5.

103.8

114.4

113.8

115.2

116.8

121.3

122.9

60.7

60.6

60.7

60.7

60.5

60.5

60.8

60.

111.6

HISTORICAL STATISTICS
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 Field Offices or the Superintendent of Documents; see addresses inside
front cover). Each July SURVEY contains preliminary data for the latest 2 years and final data for the preceding 2. The July 1971 issue has
data for 1967-70. Prior July issues have final data as follows: 1964-65, July 1968; 1965-66, July 1969; 1966-67, July 1970. QBE will provide
on request a reprint of final data for the years 1964-67.
*Second quarter net exports (and related totals) revised.




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 (f), 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 1 1969

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

1968

1970

II

III

1969
IV

I

II

Annual total

1970
III

IV

I

| II

1971
III

IV

I

II

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
bil.$

864.2

929.1

974.1

857.4

875.2

890.2

906.4

921.8

940.2

948.0

956.0

968.5

983.5

988.4 1,020.8 ••1,043.1

Personal consumption expenditures, total

do

536.2

579.6

615.8

529.0

544.0

552.5

564.3

575.8

584.1

594.2

604.0

613.8

620.9

624.7

644.6

660.9

Durable goods, total 9
.
__
Automobiles and parts _
Furniture and household equipment

do
do__
do

84.0

37.5
34.3

89.9
40.4
36.3

88.6
37.1
37.4

-82.4
36.2
33.8

86.3
38.9
35.1

87.0
39.0
35.0

89.5
40.1
35.6

90.6
39.9
37.0

89.4
40.4
36.2

90.3
41.0
36.2

88.6
37.8
37.3

90.7
39.1
37.6

90.4
38.8
37.0

84.9
32.7
37.6

97.6
44.1
39.5

100.8
45.7
40.4

...do
do
do_ _
do

230.8
46.3
115.3
19.0

247.6
50.3
122.5
21.1

264.7
52.6
131.8
22.9

227.8
45.3
114.6
18.6

233.6
47.4
116.5
19.2

236.9
47.7
117.9
19,4

241.5
48.5
120.4
20.2

246.4
50.6
121.9
20.8

249.4
51.0
122.9
21.5

253.1
51.1
124.8
21.9

259.4
51.6
128.9
22.5

262.9
52.1
131.4
22.6

265.5
52.4
132.4
22.9

270.9
54.2
134.3
23.5

272.0
54.9
135.1
23.8

279.8
57.0
138.2
24.3

do
do
do_ _
do

221.3
31.2
77.3
15.5

242.1
33.7
84.0
16.5

262.5
36.1
91.2
17.9

218.8
30.8
76.6
15.4

224.1
31.5
77.8
15.7

228.6
32.1
79.7
15.8

233.4
32.8
81.4
16.2

238.9
33.0
83.0
16.4

245.2
34.1
84.7
16.6

250.8
35.0
86.9
16.8

256.1
35.1
88.7
17.5

260.2
35.7
90.3
17.6

265.0
36.7
91.8
18.1

268.9
36.9
94.1
18.3

275.0
37.7
96.4
18.6

280.4
38.6
98.6
18.9

do

126.0

137.8

135.3

127.0

126.2

130.7

134.3

137.0

141.8

138.0

131.2

134.1

138.6

137.3

143.8

152.4

146. 7
107.0
38.2
68.8
39.7
39,1
5.7
5.2

Gross national product total f

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

--

Services, total 9
___ .
Household operation
Housing
_
Transportation

-

Gross private domestic investment, total

_do_ _
do
do
do
do
_do
do
-do

118.9
88.8
30.3
58.5
30.1
29.5
7.1
6.9

130.4
98.6
34.5
64.1
31.8
31.2
7.4
7.3

132.5
102.1
36.8
65.4
30.4
29.7
2.8
2.5

117.4
87.0
29.6
57.3
30.5
29.9
9.6
9.4

118.5
88.8
30.0
58.8
29.7
29.2
7.7
7.5

122.6
91.2
31.2
60.1
31.4
30.8
8.1
8.1

127.6
95.0
33.1
61.8
32.7
32.1
6.6
6.5

130.2
96.6
33.0
63.6
33.6
33.1
6.8
6.7

131.4
100.7
36.0
64.7
30.7
30.1
10.4
10.3

132.3
102.2
36.0
66.2
30.1
29.5
5.7
5.5

130.8
100.8
36.1
64.7
30.0
29.4
.4
.1

132.1
102.1
36.6
65.6
29.9
29.3
2.1
1.8

133.5
104.8
37.3
67.5
28.7
28.1
5.1
4.7

133.6
100.8
37.1
63.7
32.8
32.2
3.7
3.3

140.6
104.3
37.9
66.3
36.4
35.7
3.2
3.0

do
-do
do

2.5
50.6
48.1

2.0
55.6
53.6

3.6
62.9
59.3

3.4
50.7
47.3

3.4
53.1
49.7

1.3
50.8
49.5

1.4
48.0
46.6

1.2
56.9
55.7

2.8
58.3
55.5

2.7
59.2
56.6

3.5
61.5
58,0

4.2
63.2
59.0

4.0
63.7
59.7

2.7
63.2
60.5

4.2
66.1
61.9

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

199.6
98.8
78.3
100.8

209.7
99.2
78.4
110.6

219.4
97.2
75.4
122.2

198.0
98.5
78.3
99.5

201.6
99.8
79.1
101.8

205.7
100.6
79.4
105.1

206.5
99.2
78.3
107.3

207.8
97.7
77.5
110.1

211.5
100.3
79,4
111.2

213.0
99.5
78.4
113.5

217.3
100.2
78.9
117.1

216.5
96.8
75.1
119.7

220.1
96.1
74.2
124.0

223.7
95.9
73.2
127.9

228.2
96.7
73.0
131.5

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

do
do
do
do
do
.do. _

857.1
422.4
169.6
252.9
346.6
88.1

921.7
449.9
180.9
269.0
377.4
94.4

971.3
465.5
180.8
284.7
410.3
95.5

847.8
417.5
167.4
250.1
343.0
87.4

867.5
428.9
172.4
256.5
351.4
87.2

882.1
433.1
174.0
259.1
357.6
91.4

899.8
441.3
179.1
262.2
364.0
94.5

915.0
447.7
179.6
268.0
371.9
95.3

929.8
452.3
181.3
271.0
383.0
94.5

942.3
458.3
183.4
274.9
390.6
93.4

955.6
461.5
181.5
279.9
400.8
93.4

966.5
466.6
183.7
282.9
406.2
93.7

978.4
469.8
184.9
284.9
413.7
94.9

984.7 1,017.6 ••1,037.4
488.9
480.0
464.0
191.5
188.0
173.1
297.4
292.0
290.9
'439.8
420.6 432.3
108.6
105.2
100.1

do _ _
_ do_
do

7.1
4.9
2.1

7.4
4.5
2.9

2.8
-.6
3.4

9.6
6.7
2.9

7.7
4.5
3.1

8.1
6.0
2.1

6.6
3.8
2.8

6.8
4.7
2.1

10.4
6.5
4.0

5.7
3.0
2.8

.4
— 1.8
2 2

2.1
—2.0
4.0

5.1
4.7
.4

bil. $_

706.6

724.7

720.0

705.3

712.3

716.5

721.4

724.2

727.8

725.2

719.8

721.1

723.3

do

452.7

469.3

475.9

448.4

457.7

460.2

465.7

469.0

469.9

472.6

474.4

477.1

477.9

do
do
do

81.3
197.1
174.4

84.8
202.7
181.8

81.4
207.3
187.2

80.0
195.3
173.1

83.4
198.6
175.8

83.3
199.4
177.5

85.2
201.6
178.9

85.6
202.8
180 6

84.0
203.0
182 9

84 4
203.4
184 8

82 3
205 7
186 4

83 8
206.5
186 8

82.8
207.3
187 9

76 6
209.7
187 9

do.__

105.2

109.6

102.2

106.8

104.9

107.7

108.4

109.4

112.4

108.2

101 0

102.7

104.0

101.2

104.7

109.9

do_ _
do
do
do

98.8
75.6
23.2
6.4

103.2
80.1
23.1
6.4

99.9
78.6
21.3
2.3

98.0
74.4
23.7
8.8

97.9
75 3
22.6
7.0

100.3
76.6
23.7
7.4

102.8
78 6
24.1
5,7

103.5
79 1
24 4
5.8

103 2
81 1
22 1
9 2

103 3
81 7
21 6
49

100 7
79 3
21 4
3

100 7
7Q 4
21 3
2 0

100 1
80 1
20 0
39

98 1
75 5
22 6
31

102.1
77 5
24 6
2.6

105.0
78.7
26.4
4.9

2.4

1.8

1.6

—.3

—.5

6

6

17

26

32

21

26

Fixed investment
Nonresident ial
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

r

-.5
••66.4
'66.9

230.2
95.7
71.8
134.5

3.2
3.8
-.6

5.7
2.7
3.0

715.9

729.7

' 738. 4

474.2

484.8

492.3

86.7
209.2
188 8

89.2
213.2
190.0

3.7
-3.4
7.1

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

- - - -

Personal consumption expenditures, total
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

1.0

.1

Govt. purchases of goods and services, totaL.do
147.7
145.6
139.4
148.2
148.0
Federal
do
65 4
78 1
73 8
78 8
78 4
State and local
_
do
69.6
69.4
71.9
69.7
74.0
r
Revised.
» Preliminary.
t Revised series. Estimates of national income and product
and personal income have been revised back to 1967 (see p. 13 ff. of the July 1971 SURVEY) ;




149.0
146.1
147.8
144.8
143.8
142.6
138.7
76 3
78 1
73 9
73 2
71 6
69 4
65 3
7l'.4
72! 1
70.9
7L6
72*. 2
73.2
73.4
revisions prior to May 1970 for personal income appear on p.
9 Includes data not shown separately.

' — 1.0

137.1
138.2
137.6
138.3
60 5
61 5
63 8
63 2
76.6
74.3
76.1
75.2
22 ff. of the July 1971 SURVEY.

s-1

SURVEY OF CUERENT 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

196S

1969

1970

1969

1968

rv

Annual total

September 1971

I

II

1970

III

IV

I

II

1971

III

IV

I

II

III

IV

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

711.1

763.7

795.9

732.7

745.9

758.9

771.7

778.2

785.8

793.4

802.2

802.1

828.3

'844.5

Compensation of employees, total

do

514.6

565.5

601.9

533.6

545.9

559.1

573.6

583.6

593.2

598.5

606.5

609.3

627.9

639.5

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
do
do
do
do
do

464.9
369.2
17.9
77.8
49.7
64.2
49.5
14.7
21.2

509.6
405.5
19.0
85.1
56.0
67.0
50.3
16.8
22.6

541. 4
426.6
19.4
95.5
60.5
66.9
51.0
15.8
23.3

481.6
382. 7
18.2
80.7
52.0
65.3
49.8
15.5
21.3

491.8
391.8
18.1
81.9
54.1
66.7
50.2
16.5
22.0

503.7
402.0
18.4
83.4
55.3
67.1
50.5
16.6
22.6

516.9
410.4
20.0
86.5
56.7
67.1
50.5
16.6
22.7

525.8
417.7
19.6
88.5
57.8
67.2
49.8
17.4
22.9

534.7
422.5
20.2
92.1
58.5
68.0
50.2
17.8
23.0

538.5
424.4
19.5
94.5
60.0
67.6
51.0
16.6
23.2

545.2
429.4
19.2
96.6
61.3
66.0
51.4
14.5
23.4

547.2
429.9
18.6
98.6
62.1
65.9
51.5
14.4
23.7

562.3
441.2
19.2
101.8
65.7
66.0
51.2
14.8
23.8

572.4
449.8
18.6
104.0
67.1
66.7
51.5
15.2
24.2

84.3

78.6

70.8

84.7

82.7

80.7

78.0

73.3

69.8

71.5

73.0

69.0

75.5

'78.3

11.3
73.0
41.7
19.3
22.4

12.1
66.5
36.0
17.5
18.4

12.8
58.1
29.5
16.6
13.0

11.8
72.9
41.6
19.1
22.5

12.0
70.7
39.3
18.2
21.1

12.3
68.4
36.9
18.0
18.9

12.2
65.8
34.8
17.0
17.8

12.0
61.3
33.0
16.9
16.1

11.3
58.5
31.1
16.7
14.3

12.1
59.4
31.5
16.5
14.9

13.5
59.5
30.6
16.8
13.8

14.0
54.9
25.0
16.2
8.8

14.1
61.4
32.4
16.4
16.0

13.6
'64.7
33.3
17.3
16.1

10.6
20.7

10.0
20.6

8.0
20.5

10.3
21.0

10.6
20.8

10.4
21.0

9.8
21.2

9.1
19.2

8.2
19.2

7.8
20.1

7.9
20.9

8.1
21.9

7.3
21.6

7.7
23.6

87.6
39.9
47.8
23.6
24.2
-3.3
26.9

84.2
39.7
44.5
24.4
20.0
-5.5
29.9

75.4
34.1
41.2
25.0
16.2
-4.5
33.0

89.0
40.4
48.5
24.3
24.3
-4.2
27.8

88.7
41.8
46.9
24.0
22.9
-6.0
28.6

86.9
41.0
45.9
24.2
21.6
-6.3
29.4

81.2
38.2
43.0
24.7
18.3
-3.2
30.2

80.0
37.7
42.3
24.9
17.4
-6.7
31.1

75.6
34.1
41.5
25.0
16.6
-5.8
31.8

75.8
34.5
41.3
24.9
16.4
-4.2
32.6

78.5
35.6
42.9
25.2
17.7
-5.5
33.4

71.6
32.3
39.2
25.0
14.3
-2.6
34.2

79.1
36.2
42.9
25.6
17.3
-3.5
35.0

'83.3
37.4
'46.0
25.4
'20.5
-5.1
35.8

688.9
97.9
591.0
551.2
39.8

750.3
116.2
634.2
596.3
37.9

803.6
115.9
687.8
633.7
54.1

712.6
107.1
605.5
568.1
37.3

726.8
113.6
613.2
580.4
32.8

743.1
117.2
625.9
592.4
33.4

759.3
116.1
643.2
600.9
42.3

772.2
117.8
654.5
611.4
43.1

784.3
116.7
667.6
621.5
46.2

803.8
118.0
685.7
631.5
54.2

809.8
113.5
696.2
638.9
57.4

816.7
115.2
701.5
643.0
58.5

834.3
112.7
721.6
663.2
58.4

854.8
114.0
740.8
679.9
60.9

67.76
28.37
14.12
14.25

75.56
31.68
15.96
15.72

79.71
31.95
15.80
16.15

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

17.68 ' 20. 60 'i 20. 55
6.69 '7.55 '7.45
3.11 '3.52 '3.60
3.58 '4.03 '3.86

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

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
.50
.43
.76
.33
3.74
3.12
.63
2.81
4.42

10.99 ' 13. 06
'.54
.49
'.47
.34
'.60
.34
'.36
.28
3.11 '3.83
2.70 '3.20
'.63
.41
2.81
2.50
3.94 '4.44

do
do
do
do

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
30t46
14. 21
16.25

' 81. 61 'i 82. 38 i 82. 42
' 30. 12 ' 29. 74 30.22
' 14.06 ' 14. 53 14.45
' 16. 06 ' 15. 21 15.76

do
do
do
do
do
do
do
do
do
do

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

4180
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
2.04
1.46
1.29
1.33
14.64
12.16
2.48
10.70
17.39

' 51. 50 ' 52. 64 52.20
'2.08 '2.10
2.09
1.46
'1.88 ' 1.78
2.21
'2.28 '1.58
1.23
'1.40 '1.32
' 14. 91 ' 16. 05 16.36
13.83
' 12.61 '13.69
2.53
'2.30 '2.36
11.21
'2 29. 80
2 28. 86
' 17. 72

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

Corporate profits and inventory valuation adjustment, total
bil. $-.
By broad industry groups:
Financial institutions
do
Nonfmancial 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
All industries
bil $
Manufacturing
do
Durable goods industries ^
do
Nondurable goods industries ^
do
NonmanufacturingMining
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
Communicntion
Commercial and other

do
do
do
do. . _
do ~
do
. . do
do
do
do

U.S. BALANCE OF INTERNATIONAL
PAYMENTSd*
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

1,395

1,515

1,480

9,233
6,407

10, 539
7,056

11, 409
8,034




i 22. 61
8.42
4.08
4.34

' 13. 10
'.52
'.43
'.37
'.34
'4.12
'3.38
'.73

14.19
.54
.40
.54
.34
4.46
3.83
.64

'2 7. 33

27.90

15, 795 ' 16,547 16, 632
10, 461 ' 11,030 ' 10,716

357

407

329

442

336

274

447

327

433

507

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, 897
' 2, 113

-48,134 -53, 589 -59,311 -12, 384 -11, 657
Imports of goods and services
do
-32,964 -35, 830 -39,870 -8,441 -7,589
Merchandise, adjusted, excl military
do
Direct defense expenditures
do
-4,535 -4,856 -4,851 -1,173 -1,198
Payments of income on foreign investments in the
-929
-800
U.S
mil. $.. -3,013 -4,564 -5,167
Other services
do
-7,621 -8,339 -9,425 -1,970 -1,941
l
' Revised.
p Preliminary.
Estimates (corn>cted for systema tic biases for Ju lySept. and Oct.-Dec. 1971 based on expected capital expenditiires of biisiness. E xpected ex2 in(eludes co mpenditures for the year 1971 appear on p. 14 ff. of the Sept. 1971 SURVE Y.
munication.
fSee corresponding note on p. S-l.
9Includes inv entory VEiluation adjustment.
J Revised series; explanation of revisioi is and annual anc quarterl^y data b£ ick
to 1947 appear on pp. 25 ff. of the Jan. 1970 SUR^?EY; see £ilso pp. 19 ff . of tli e Feb. 1970

- --

543

3,239
2,134

-13, 926 -13, 866 -14, 142 -14, 493 -14, 761 -14, 935 -15, 12£ '—15,400 -16, 654
-9,566 -9,278 —9, 397 -9,728 -9,831 -9,992 -10, 319 '-10,761 '—11,756
-1,187 -1,221 - 1, 251 -1,182 -1,255 -1,211 -1,203 ' -1,174 -1,220

-1,078 -1,242 —1,315 -1,348 -1,322 -1,284 -1,213 ' -1,137 -1, 084
-2,095 -2, 125 —2, 179 -2,235 -2,353 -2,448 -2,390 ' -2,328 -2, 594
SURV EY.
© Persona] outlay 3 compr se pers<mal con sumptio n expen ditures, interest
§P ersonal saving is
paid 3y consuimers, arid persoilal transfer paynlents to foreigner s.
excess of dispo sable inc ome over persona I outlays
omponen ts appear in the
HD<ita for in dividual durable and non lurable £*oods inc ustries c
0"Revised ; more <complete details,
Mar., June, S 3pt., and Dec. is sues of t he SURV EY.
as we 1 as revised quarl erly data back to 1966, apiDear on i>. 24 ff. o f the Ju ne 1971 SURVEY.

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