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SURVEY OF CURRENT BUSINESS

July 1967

NATIONAL INCOME AND PRODUCT TABLES
1965

III

1966

1967

1966

1967

1966

1965

IV

II

1966

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)
Gross national product

683 9

Personal consumption expenditures

743 3

725 9

736 7

748 8

762 1

766 3

775 3

616 7

652 6

645 4

649,3

654.8

661.1

660.7

420.4

424.2

433.1

Residential structures
Nonfarm
Farm
Change in business inventories
Nonfarm
Farm

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

_

398.4

418.0

416.2

415.2

214 2
196 6

72 1
216 6
200 2

66 4
178 9
153 2

71 3
187 7
159 1

73 0
185 8
157.3

69 3
187.7
158.2

71.9
188.8
159.8

71.1
188.4
160.9

118 0

115 2

118 5

116 4

122 2

110 4

106 1

98 0

105 6

104 0

106 5

103 6

108 4

96 9

104 6

105 3

104 5

104 9

103 7

103 3

104 0

89 1

93 0

94 5

93 1

93 0

91 2

90 2

80 2
27 9
52 3

78 3
28 3
50 0

78 7
27 5
51 2

81 2
28 2
53 1

82 8
27 7
55 1

81 9
27 7
54 2

81 3
26 3
55 0

66 0
21 9
44 1

72 8
23 6
49 2

71 8
24 2
47 5

71 7
23 4
48 3

73 6
23 7
49.9

74 2
23.0
51.2

73 0
22.9
50.1

24 4
23 g
5

27 0
26 5
5

25 8
25 3
5

23 7
23 2
5

20 9
20 4
5

21 4
20 9
6

22 7
22 1
6

23 2
22 7
5

20 2
19 7
5

22 8
22 3
5

21 4
21 0
5

19 4
19 0
.5

17 0
16 5
.5

17 3
16 8
.5

13 4
13 7
3

99
96
3

14 0
14 4
3

11 4
12 0
5

18 5
19 0
5

71
7 3
2

21
2 2
I

88
7 9
9

12.6
12 9
3

9.5
9 2
2

13.4
13 7
3

10.6
11 1
5

17.2
17.7
5

6.7
6.8

5.1

6.1

5.4

4.6

4.3

5.3

5.2

6.0

4.4

5.4

4.8

4.1

3.2

4.1

43 0
37 9

42 0
36 0

42 5
37 1

43 7
39 0

44 0
39 7

45 3
39 9

44 8
39 6

37 5
31 5

40 8
36 4

40 3
34 9

40 4
35 6

41 4
37 3

41 2
38 0

42 4
38 3

154.3

146.5

151.2

157.7

161.7

170.4

175.2

114.3

124.5

119.9

122.7

126.6

129.1

135.5

66 8
50.1
16.7
69.6

77 0
60.5
16.5
77.2

72 1
55.1
17.1
74.3

74 9
58.4
16.6
76.2

79 5
63.0
16.6
78.1

81 5
65.6
15.9
80.2

87 1
70.2
16.8
83.3

67 8

72 3

664.6

69.7
191.8
162.6

136.4

Exports _ .
Imports

488.9

QQ 4

6.9
39 i
32 9

Net exports of goods and services

480.2

70 6
210 3
192 9

9 4
8 4
10

___

473.8

70 9
209 5
189 8

27 0
26 4
5

_

470.1

68 2
207 1
186 3

71 1
25 1
46 0

Nonresidential.
_.
Structures
Producers' durable equipment-

461.6

71 6
203 2
183 5

98 0

Fixed investment

458.2

70 3
207 5
188 1

107 4

Gross private domestic investment

465.9

66 0
191 2
175 9

Durable goods
Nondurable goods
Services

420.4

66 4
61 2
63 4
89 5
64 7
57 8
72.6
16.9
85.6 "56." 4~ ~~59.~9~ ~~58.~7~ ~~59.T "60." I"

61.3 ~~63.~2~

::::

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

683 9

725 9

736 7

748 8

762 1

766 3

775 3

616 7

652 6

645 4

649 3

654.8

661.1

660.7

729 9
13.4

716 0
9.9

722 6
14.0

737 4
11.4

743 6
18.5

759 2
7.1

773 2
2.1

607 8
8.8

639 9
12.6

636 0
9.5

635 9
13.4

644 2
10.6

643.9
17.2

654.0
6.7

346.6

Goods output

743 3

674 5
9.4

Final sales. ._
Change in business inventories

379.6

369.5

375.7

381.8

391.7

388.1

330.0

353.7

347.9

351.0

354.7

361.1

356.6

343.9
17.2

349.9
6.7

Final sales
Change in business inventories

337.2
9 4

366.2
13 4

359.6
99

361.7
14 0

370.3
11 4

373.2
18 5

380.9 _ _ _ _ _ _ _ 321.2
71
88

341.0
12 6

338.5
95

337.6
13 4

344.1
10 6

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

139 5
132 8
6.7

154 6
144 7
9.9

150 5
143 2
7.4

151 4
141 6
9.7

155 7
145 8
9.9

161 1
148 3
12.8

153 9
150 5
3.4

136 3
129 8
6.5

150 0
140 6
9.3

147 5
140 5
7.0

147 3
138 0
9.3

150 8
141.6
9.2

154 2
142.3
11.9

146 6
143.6
3.0

Nondurable goods. _ _
Final sales
Change in business inventories

207 1
204.4
2 7

225 0
221.5
35

219 0
216.4
25

224 4
220.1
4 3

226 1 230 6
224.5 224.9
15
57

234 2
230.5
37

193 7
191.4
2 3

203 7
200. 4
33

200.4
198.0
2 4

203.7
199.7
4.1

203.9
202.5
1.4

206.9
201.6
5.3

210.0
206.3
3.6

262 9

287 2

276 6

283 5

291 6

296 9

303 1

222 3

235 2

229 7

233 5

237 9

239 8

242 7

74.4

76.5

79.9

77.4

75.5

73.5

75.2

64.4

63.7

67.8

64.7

62.2

60.2

664.6

61.3

Services
Structures

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

Rest of the world
General government- - - ' Preliminary.




__

743 3

725 9

736 7

748 8

762 1

766 3

616 7

652 6

645 4

649 3

654 8

661 1

660 7

666 7

653 0

661 5

670 6

681 9

683 9

565 9

597 5

592 3

594 8

599 0

604 2

602 7

593 4
569 8
23.6

Business
Nonfarm
Farm
Households and institutions

775 3

683 9
616 1

Private

642 4
617 6
24.8

629 4
603 3
26.0

637 6
612 8
24.8

646 2
621 6
24.6

656 9
633 0
23.9

658 7
635 1
23.6

547 8
524 2
23.6

578 9
556 4
22.4

574 0
550 8
23.2

576 3
554 4
22.0

580 2
558 0
22.2

585 1
562 7
22.4

583 6
559 9
23.7

18.5

20.1

19.7

19.7

20.3

20 6

21.1

14 0

14 7

14.6

14.4

14.8

14.9

15.1

4.2

4.2

3.9

4.2

4.1

4.4

4.1

4.1

4.0

3.8

4.1

4.0

4.3

4.0

67 8

76 6

72 9

75 1

78 2

80 2

82 5

50 8

55 o

53 i

54 4

55 8

56 9

57 9

664.6

July i%7

13

SURVEY OF CURRENT BUSINESS

1. Gross National Product and National Income
Table 1.1.—Gross National Product

1963

1964

1965

I

III

II

IV

Millions of dollars

I

III

II

1966

1965

1964

1963

1966

I

IV

II

III

IV

I

II

III

IV

Billions of dollars, seasonally adjusted at annual rates

Gross national product - 590, 503 632,410 683,873 743,288

577.4

584.2

594.7

605.8

617.7

628.0

638.9

645.1

662.7

675.4

690.0

708.4

725.9

736.7

748.8

762.1

Personal consumption expenditures
_ 374, 982 401,221 433, 102 465,946

368.2

372.0

378.3

381.5

391.7

397.6

406.6

408.9

420.2

428.1

436.4

447.8

458.2

461.6

470.1

473.8

68.6
198.0
181.2

71.6
203.2
183.5

68.2
207.1
186.3

70.9
209.5
189.8

70.6
210.3
192.9

Durable goods
Nondurable goods
Services.. ._

53, 928 59, 237 66, 016 70, 324
168, 632 178, 683 191,192 207, 501
152, 422 163, 301 175, 894 188, 121

Gross private domestic investment

52.4
167.1
148.7

53.2
168.0
150.8

54.5
169.9
153.9

55.6
169.6
156.3

57.9
174.6
159.2

59.6
175.9
162.1

60.7
181.3
164.6

58.7
182.9
167.3

65.2
184.6
170.4

64.2
189.8
174.2

66.1
192.4
177.8
108.2

87, 140

94, 032 107, 423 117,981

82.7

85.1

88.0

92.9

90.8

93.4

94.2

97.9

105.1

105.1

112.3

115.2

118.5

116.4

122.2

81, 274

88, 197

98, 018 104, 593

78.1

80.3

82.0

84.7

86.0

87.2

89.4

90.2

94.4

96.3

98.8

102.4

105.3

104.5

104.9

103.7

54, 284
19, 469

Fixed investment

61,071
21, 178

71, 054
25, 091

80, 219
27, 905

52.0
18.8

53.5
19.7

55.0
19.4

56.8
19.9

58.3
20.4

60.1
21.1

62.4
21.4

63.4
21.8

67.3
23.1

69.3
24.7

71.9
25.1

75.7
27.3

78.3
28.3

78,7
27.5

81.2
28.2

82.8
27.7

Nonresidential .
Structures ._ - Producers' durable
equipment

34, 815

39, 893

45, 963

52. 314

33.2

33.8

35.5

36.8

37.9

39.0

41.0

41.6

44.1

44.6

46.8

48.3

50.0

51.2

53.1

55.1

Residential structures
Nonfarm
Farm
_ ..

26, 990
26, 411
579

27, 126
26, 588
538

26, 964
26, 444
520

24, 374
23, 841
533

26.1
25.5
.6

26.8
26.2
.6

27.1
26.5
.6

28.0
27 4
.6

27.6
27 1
.6

27.1
26 6
.5

27.0
26 5
.5

26.8
26 3
.5

27.2
26 6
.5

27.0
26 5
.5

26.9
26 4
.5

26.8
26 2
.5

27.0
26 5
.5

25.8
25 3
.5

23.7
23.2
.5

20.9
20.4
.5

5,866
5,081
785

5,835
6,429
-594

9,405
8,400
1,005

13, 388
13, 665
-277

4.7
4.0

4.8
4.3
6

6.0
5.3
7

8.1
7.0
12

4.8
5.2
— 4

6.1
7.0
— 9

4.8
5.6
— 8

7.7
8.1
— 4

10.6
10.1
5

8.8
7.9
9

9.4
7.9
14

9.9
8.7
12

9.9
9.6
3

14.0
14.4
— 3

11.4
12.0
— 5

18.5
19.0
— 5

5,897

8,462

6,944

5,102

4.6

6.2

5.6

7.1

8.9

7.8

8.7

8.5

6.1

8.2

7.4

6.1

6.1

5.4

4.6

4.3

32, 339
26, 442

37, 099
28, 637

39, 147
32, 203

43, 039
37, 937

30.1
25.5

32.4
26.2

32.5
26.9

34.3
27.1

36.5
27.6

36.1
28.3

37.5
28.8

38.3
29.8

35.1
28.9

40.7
32.6

40.3
32.9

40.5
34.4

42.0
36.0

42.5
37.1

43.7
39.0

44.0
39.7

Change in business inventories
Nonfarm
Farm.. .
Net exports of goods and services.
Exports
Imports

.

Government purchases of goods
and services
122, 484 128, 695 136,404 154,259

State and local

121.9

_

131.3

133.9

138.1

146.5

151.2

64, 244
50, 760
13, 484

Federal
National defense
Other

65, 166
49, 992
15, 174

66, 773
50, 080
16, 693

77, 034
60, 498
16, 536

65.0
51.2
13.8

63.4
50.5
12.9

64.2
51.0
13.2

64.4
50.3
14.1

65.0
50.5
14.5

66.0
50.7
15.3

65.2
49.8
15.4

64.5
48.9
15.5

64.3
48.4
15.9

65.4
49.2
16.2

67.6
50.3
17.3

69.8
52.4
17.4

72.1
55.1
17.1

74.9
58.4
16.6

79.5
63.0
16.6

81.5
65.6
15.9

58, 240

63, 529

69, 631

77, 225

56.9

57.5

58.7

59.8

61.4

63.2

64.3

65.3

66.9

68.6

70.4

72.5

74.3

76.2

78.1

80.2

120.9

122.9

124.3

126.4

129.2

129.4

129.8

142.3

157.7

161.7

Table 1.2.—Gross National Product in Constant Dollars
[Billions of 1958 dollars]

1963

1963

1964

1965

1966

I

II

1964
III

IV

I

II

1966

1965
III

IV

I

III

II

IV

I

II

III

IV

Seasonally adjusted at annual rates
Gross national product

551.0

581.1

616.7

652.6

541.2

546.0

554.7

562.1

571.1

578.6

585.8

588.5

601.5

609.7

620.7

634.4

645.4

649.3

654.8

661.1

Personal consumption
expenditures

353.3

373.7

398.4

418.0

348.5

350.9

356.1

357.7

366.3

370.7

378.6

379.3

389.1

394.1

400.7

409.9

416.2

415.2

420.4

420.4

Durable goods .
Nondurable goods
Services

53.7
162.2
137.4

59.0
170.3
144.4

66.4
178.9
153.2

71.3
187.7
159.1

52.2
161.3
135.0

53.0
161.7
136.2

54.4
163.3
138.4

55.3
162.4
140.0

57.6
167.0
141.7

59.3
167.8
143.6

60.4
172.8
145.3

58.7
173.5
147.1

65.0
174.7
149.4

64.1
178.0
152.0

66.8
179.3
154.6

69.5
183.6
156.8

73.0
185.8
157.3

69.3
187.7
158.2

71.9
188.8
159.8

71.1
188.4
160.9

Gross private domestic
investment . _

82.5

87.8

98.0

78.7

80.6

83.1

87.7

85.3

87.3

87.6

90.8

95.9

95.9

98.3

101.6

104.0

106.5

103.6

108.4

76.7

81.9

89.1

93.0

74.1

75.9

77.2

79.7

80.5

81.2

82.8

83.2

86.6

87.9

89.6

92.4

94.5

93.1

93.0

91.2

51.9
17.9

57.8
19.1

66.0
21.9

72.8
23.6

49.8
17.3

51.1
18.1

52.5
17.8

54.3
18.3

55.5
18.6

57.0
19.0

58.9
19.2

59.7
19.5

62.9
20.4

64.5
21.7

66.7
21.8

69.7
23.6

71.8
24.2

71.7
23.4

73.6
23.7

74.2
23.0

34.0

38.7

44.1

49.2

32.5

33.1

34.7

35.9

36.9

37.9

39.8

40.3

42.5

42.8

44.9

46.2

47.5

48.3

49.9

51.2

24.8
24.2
.5

24.2
23.7
.5

23.2
22.7
.5

20.2
19.7
.5

24.3
23.7
.5

24.7
24.2
.5

24.7
24.2
.5

25.4
24.9
.5

25.0
24.5
.5

24.3
23.8
.5

23.9
23.4
.5

23.5
23.0
.5

23.7
23.2
.5

23.4
22.9
.5

23.0
22.5
.5

22.6
22.2
.5

22.8
22.3
.5

21.4
21.0
.5

19.4
19.0
.5

17.0
16.5
.5

5.8
5.1
.8

5.8
6.4
-.6

8.8
7.9
.9

12.6
12.9
-.3

4.6
3.9
.7

4.8
4.2
.5

5.9
5.3
.6

8.1
6.9
1.2

4.8
5.1
-.3

6.1
6.9
-.8

4.8
5.5
-.7

7.6
8.0
-.4

9.3
8.8
.5

8.0
7.2
.9

8.7
7.4
1.3

9.2
8.1
1.1

9.5
9.2
.2

13.4
13.7
-.3

10.6
11.1
-.5

17.2
17.7
-.5

Fixed investment
Nonresidential
Structures
Producers' durable
equipment

__

Residential structures
Nonfarm
Farm
Change in business
inventories
Nonfarm
.
Farm.
Net exports of goods and
services
Exports
Imports
Government purchases of
goods and services
Federal
State and local




105.6

5.6

8.3

6.0

4.4

3.9

5.7

5.5

7.1

9.1

8.0

8.4

7.9

5.2

6.8

6.4

5.6

5.4

4.8

4.1

3.2

32.1
26.6

36.5
28.2

37.5
31.5

40.8
36.4

29.8
25.9

32.2
26.5

32.5
26.9

34.1
27.0

36.3
27.2

35.8
27.9

36.8
28.5

37.2
29.3

33.5
28.4

38.9
32.1

38.5
32.1

38.9
33.3

40.3
34.9

40.4
35.6

41.4
37.3

41.2
38.0

111.2

114.3

111.2

110.5

111.3

58.1
53.2

57.8
56.4

57.8
53.5

56.7
53.8

56.3
55.0

109.6

59.5
50.1

124.5

64.7
59.9

110.2

60.8
49.4

108.7

59.0
49.7

110.0

59.6
50.4

109.5

58.7
50.9

110.4

58.5
51.9

112.6

59.3
53.3

112.9

57.1
55.8

115.3

58.5
56.7

117.4

59.3
58.0

119.9

61.2
58.7

122.7

63.4
59.4

126.6

66.4
60.1

129.1

67.8
61.3

14

SUEVEY OF CUEEENT BUSINESS

July 1967

Table 1.3.—Gross National Product by Major Type of Product
[Billions of dollarsl

1963
1963

1964

1965

1966

I

II

1964
III

I

IV

1966

1965

II

III

IV

I

II

III

I

IV

II

III

IV

Seasonally adjusted at annual rates
Gross national product

590.5

632.4

683.9

743.3

577.4

584.2

594.7

605.8

617.7

628.0

638.9

645.1

662.7

675.4

690.0

708.4

725.9

736.7

748.8

762.1

Final sales .
Change in business inventories

584.6

626.6

674.5

729.9

572.7

579.4

588.8

597.7

612.9

621.9

634.1

637.4

652.0

666.5

680.6

698.5

716.0

722.6

737.4

743.6
.18.5

5.9

9.4

13.4

4.7

4.8

6.0

8.1

4.8

4.8

7.7

10.6

8.8

9.4

9.9

9.9

14.0

11.4

298.6

319.4

346.6

379.6

292.5

294.9

300.7

306.2

312.1

316.8

323.3

325.6

336.5

341.7

349.6

359.8

369.5

375.7

381.8

391.7

Final sales __ .
Change in business inventories

292.7

313.6

337.2

366.2

287.8

290.1

294.7

298.1

307.3

310.7

318.5

317.9

325.9

332.8

340.2

349.9

359.6

361.7

370.3

373.2

5.9

5.8

9.4

13.4

4.7

4.8

6.0

8.1

4.8

6.1

4.8

7.7

10.6

8.8

9.4

9.9

9.9

14.0

11.4

18.5

Durable goods _
Final sales
Chance in business inventories. .

116.1
113.3

127.0
122.8

139.5
132.8

154.6
144.7

111.4
109.4

115.0
111.8

116.9
114.7

121.0
117.3

124.0
120.5

127.2
122.7

129.2
124.9

127.8
123.3

138.2
129.6

137.0
130.0

140.9
133.9

142.9
137.9

150.5
143.2

151.4
141.6

155.7
145.8

161.1
148.3

2.8

4.2

6.7

9.9

2.0

3.2

2.3

3.8

3.5

4.5

4.2

4.5

8.7

7.0

7.1

5.0

7.4

9.7

9.9

12.8

Nondurable goods.
Final sales
Change in business inventories

182.5
179.4

192.4
190.7

207.1
204.4

225.0
221.5

181.1
178.4

179.9
178.3

183.8
180.1

185.2
180.8

188.1
186.8

189.6
188.0

194.1
193.5

197.9
194.7

198.3
196.3

204.7
202.9

208.7
206.3

216.9
212.0

219.0
216.4

224.4
220.1

226.1
224.5

230.6
224.9

2.7

1.6

3.7

4.4

1.3

1.6

.6

3.2

2.0

1.8

2.3

4.9

2.5

4.3

1.5

5.7

246.5

250.1

254.6

260.1

266.0

271.0

276.6

283.5

291.6

296.9

69.2

69.3

71.6

73.6

74.4

77.6

79.9

77.4

75.5

73.5

Goods output

5.8

6.1

3.1

1.6

2.7

3.5

Services .

226.2

244.2

262.9

287.2

220.9

223.8

228.1

232.2

237.9

242.4

Structures

65.7

68.8

74.4

76.5

64.0

65.5

65.9

67.4

67.8

68.8

Table 1.4.—Gross National Product by Major Type of Product and
Purchaser

Table 1.6.—Gross National Product by Major Type of Product and
Purchaser in Constant Dollars

[Billions of dollars]

[Billions of 1958 dollars]

1963
Gross national product

1964

1965

1963

683.9

743.3

127.0
59 2
39.' 9
18.9
4.8
4.2

139.5
66.0
46.0
17.5
3.4
6.7

154.6
70.3
52.3
20.1
2.0
9.9

Durable goods
- - Personal consumption expenditures
Producers' durable equipment
Government purchases
Net exports
_ _ ._
-Change in business inventories

Nondurable goods
Personnal consumption expenditures
Government purchases
Net exports
Change in business inventories

182.5
168.6
9.5
1.3
3.1

192.4
178.7
10.2
1.9
1.6

207.1
191.2
11.7
1.4
2.7

225.0
207.5
12.3
1.7
3.5

Nondurable goods
Personal consumption expenditures
Government purchases...
Net exports
Change in business inventories. -

226.2
152.4
73.0
.8

244.2
163.3
79.1
1.8

262.9
175.9
84.8
2.2

287.2
188.1
97.6
1.4

Services
Personal consumption expenditures
Government purchases..- . _ _
Net exports

65.7
46.5
19.3

68.8
48.3
20.5

52.1
22.3

74.4

76.5
52.3
24.2

_ . ___

Services
Personal consumption expenditures
Government purchases
Net exportsStructures
Private structures
Government structures

_ __

Structures
_
Private structures
Government structures

--

- _ _ . . _ _ _ _ _

._
-

.

_ - _ _ _ .

581.1

616.7

652.6

124.6
59.0
38.7
18.3
4.4
4.1

136.3
66.4
44.1
16.8
2.6
6.5

150.0
71.3
49.2
18.8
1.3
9.3

175.6
162.2
9.5
.8
3.1

184.1
170.3
10.6
1.5
1.7

193.7
178.9
11.9
.7
2.3

203.7
187.7
11.8
1.0
3.3

200.9
137.4
61.9
1.5

210.8
144.4
63.9
2.4

222.3
153.2
66.3
2.8

235.2
159.1
74.0
2.2

60.4
42.7
17.8

632.4

116.1
53.9
34.8
20.8
3.8
2.8

1965

114.2
53.7
34.0
20.3
3.3
2.8

Gross national product

590.5

Durable goods _ . _
Personal consumption expenditures
Producers' durable equipment- _
Government purchases
Net exports
Change in business inventories. ..

1964

551.0

1966

61.6
43.2
18.4

64.4
45.0
19.3

63.7
43.7
20.0

-

1966

Table 1.5.—Gross National Product by Major Type of Product in Constant Dollars
[Billions of 1958 dollars]

1963

1964

1965

1966

I

II

III

IV

I

II

1966

1965

1964

1963

III

IV

I

III

II

IV

I

II

III

IV

Seasonally adjusted at annual rates
Gross national product

551.0

581.1

616.7

652.6

541.2

546.0

554.7

562.1

571.1

578.6

585.8

588.5

601.5

609.7

620.7

634.4

645.4

649.3

654.8

661.1

Final sales.
Change in business inventories

545.2

575.2

607.8

639.9

536.7

541.2

548.8

554.1

566.3

572.5

581.0

580.9

592.2

601.7

612.0

625.2

636.0

635.9

644.2

643.9

5.8

5.8

8.8

12.6

4.6

4.8

5.9

8.1

4.8

6.1

4.8

7.6

9.3

8.0

8.7

9.2

9.5

13.4

10.6

289.7

308.6

330.0

353.7

284.3

286.1

291.9

296.6

302.3

306.5

312.3

313.4

321.7

324.9

332.2

341.2

347.9

351.0

354.7

361.1

Final sales .
Change in business inventories

283.9

302.8

321.2

341.0

279.8

281.3

286.0

288.6

297.5

300.5

307.5

305.7

312.4

316.8

323.5

332.0

338.5

337.6

344.1

343.9

5.8

5.8

8.8

12.6

4.6

4.8

5.9

8.1

4.8

6.1

4.8

7.6

9.3

8.0

8.7

9.2

9.5

13.4

10.6

17.2

Durable goods
Final sales
Change in business inventories

114.2
111.4

124.6
120.4

136. 3
129.8

150.0
140.6

109.6
107.7

113.0
109.8

115.2
112.9

119.0
115.3

121.7
118.3

124.9
120.5

126.6
122.5

125.0
120.6

134.4
126.3

133.1
126.5

137.7
131.1

139.9
135.2

147.5
140.5

147.3
138.0

150.8
141.6

154.2
142.3

2.8

4.1

6.5

9.3

1.9

3.2

2.3

3.7

3.4

4.4

4.1

4.4

8.1

6.6

6.6

4.7

7.0

9.3

9.2

11.9

203.9
202.5

206.9
201.6

Goods output

Nondurable goods
Final sales
Change in business inventories
Services
Structures _ _




175.6
172.5

184.1
182.3

193.7
191.4

203.7
200.4

174.7
172.1

173.1
171.5

176.7
173.1

177.6
173.3

180.6
179.2

181.6
180.0

185.7
185.0

188.3
185.1

187.4
186.1

191.7
190.3

194.5
192.4

201.3
196.8

200.4
198.0

203.7
199.7

17.2

3.1

1.7

2.3

3.3

2.6

1.6

3.7

4.4

1.3

1.6

.7

3.2

1.3

1.4

2.1

4.5

2.4

4.1

1.4

5.3

200.9

210.8

222.3

235.2

197.4

199.3

202.6

204.1

207.3

210.0

212.0

213.9

216.9

220.8

224.5

226.9

229.7

233.5

237.9

239.8

60.4

61.6

64.4

63.7

59.5

60.5

60.3

61.4

61.5

62.1

61.5

61.3

62.9

64.0

64.0

66.3

67.8

64.7

62.2

60.2

CURRENT BUSINESS STATISTICS

J.HE STATISTICS here update series published in the 1965 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
or CURRENT BUSINESS. That volume (price $2.00) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1961 through 1964 (1954-64 for major quarterly series), annually, 1939-64; for selected series,
monthly or quarterly, 1947-64 (where available). Series added or significantly revised after the 1965 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (f), respectively; certain revisions for 1964 issued too late for inclusion in the 1965 volume appear in the monthly
SURVEY beginning with the September 1965 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.
1964

Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS

1966

1965

1964

IV

III

II

Annual total

1966

1965
I

|

IV

III

II

1967

II

I

II *>

I

IV

III

Seasonally adjusted quarterly totals at annual rates

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

-

-

bil. $

Personal consumption expenditures, total

r

Services total 9
Household operation
Housing
_
Transportation

-

do
-do
do
do

.
-

_

Change in business inventories
Durable goods _
Nondurable goods

.

_

.

r 708 4 ' 725 9 r 736 7

r 675 4

r 690 0

397.6

406.6

408.9

420.2

428. 1

436.4

447 8

458 2

461 6

470 1

473 8

480 2

488 9

66.0
29 9
27.0

70.3
29 8
29.9

59.6
26 0
25.2

60.7
26 9
25 1

58.7
24 6
25 6

65 2
30 4
25 8

64.2
29 2
26 1

66 1
29 8
27 3

68 6
30 3
28 9

71 6
31 4
29 4

68 2
28 5
29 1

70 9
29 8
30 6

70 6
29 6
30 6

69 4
27 3
31 4

72 i
29 5
31 7

191.2
36.1
99 0
15. 1

207 5
40.3
106 7
16 2

175 9
32 6
92 0
13 9

181
34
94
14

3
2
0
1

182 9
34 5
95 1
14 3

184
34
95
14

6
6
6
3

189
35
98
15

8
6
3
1

192
36
99
15

4
2
4
3

198 0
37 8
102 5
15 7

203
39
105
15

175 9
25. 7
63.6
12 6

188 1
27.0
67. 1
13 6

162
24
58
11

164
24
59
11

6
5
8
7

167 3
24 5
60 8
11 8

170
94
61
12

4
7
9
0

174
25
63
12

2
5
2
5

177
26
64
12

8
1
2
8

181 2
26 5
65 3
13 1
112 3

628 0

1
3
8
5

638. 9

107.4

118.0

93 4

94 2

97 9

98.0
71. 1
25 1
46.0
27.0
26 4
9 4

8.4

104 6
80.2
27 9
52 3
24.4
23 8
13 4
13 7

87
60
21
39
27
26
6
7

89
62
21
41
27
26
4
5

90
63
21
41
26
26
7
8

8.5
37.1
28.6

do
_do__.
do

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

... _ _

645 1 r 662 7

465.9

743. 3

94.0

Govt. purchases of goods and services, total.. do
Federal
_
do
National defense
.. _. . ._ _ do
State and local
do
By major type of product:!
Final sales, total
Goods, total
_ ..
Durable goods
Nondurable goods.
Services
Structures

r

433.1

683. 9

88.2
61.1
21.2
39.9
27. 1
26 6
5.8
6.4

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

r

163.3
24.3
59.3
11.6

do
do___
do
._ _ -do

Gross private domestic investment, total

r

178.7
33.5
92.9
14.0

-

-

r

59.2
25.8
25.0

Durable goods, total 9 . .
._do__.
Automobiles and parts
do
Furniture and household equipment- _ _ _ d o
Nondurable goods, total 9
Clothing and shoes
. __ _ - _
Food and beverages
Gasoline and oil
- -

r

401.2

do

632. 4

6 9
39. 1
32 2

51
43 0
37 9

78
36 1
28 3

8 7
37 5
28 8

85
38 3
29 8

61
35 1
28 9

8 2
40 7
32 6

129.4
65 2
49 8
64 3

129.8
64 5
48 9
65 3

131.3
64 3
48 4
66 9

133.9
65 9
4
49
68 6

2
1
1
0
1
6
1
0

128.7
65 2
50.0
63 5

136.
66
50
69

4
8
1
6

154.3
77 0
60 5
77 9

129.2
66 0
50 7
63 2

' 626. 6
313 6
122 8
190 7
244 2
68 8

r 674. 5
337 2
132 8
204 4
262 9
74 4

r 729. 9
366 2
144 7
221 5
287 2
76 5

'621.9
310 7
122 7
188 0
242 4
68 8

'9.4
6 7
2 7

'13.4
9 9
3 *>

'6.1
4 5
16

r

do
do
do

5.8
4 2
16

r

4
4
4
0
0
5
8
6

634. 1
318 5
124 9
193 5
246 5
69 2
r

r

637. 4
317 9
123 3
194 7
250 1
69 3
r

4.8
4 2
6

105 1

105 1

108 2

94
67
23
44
27
26
10
10

96
69
24
44
27
96
8
7

98
71
25
46
26
26
9
7

2
4
8
6
8
3
7
1

r

652.
325
129
196
254
71
r

7. 7
4 5
32

4
3
1
1
2
6
6
1

0 ' 666. 5
332 8
9
130 0
6
3
202 9
6
260 1
6
73 6
r

10. 6
8 7
2 0

209
41
107
16

5
0
3
3

210
40
107
16

3
8
2
6

214
41
109
17

2
5
3
1

216 6
42 8
110 0
17 4

183 5
26 1
66 2
13 2

186
26
66
13

3
9
5
5

189 8
27 4
67 4
13 7

192
27
68
14

9
7
5
0

196
27
69
14

6
8
6
4

200
28
70
14

115 2

118 5

116 4

122 2

110 4

106 1

103
82
27
55
20
20
18
19

7
8
7
1
9
4
5
0

103 3
81 9
27 7
54 2
21 4
20 9
71
7 3

104 0
81 3
26 3
55 0
22 7
22 1
21
2.2

4
7
3
3
8
2
9
7

105 3
78 3
28 3
50 0
27 0
26 5
99
96

61
40 5
34 4

61
42 0
36 0

138.1
67 6
50 3
70 4
r

102
75
27
48
26
26
9
8

142.3
69 8
52 4
72 5

8
9
1
8
9
4
4
9

680. 6
340 2
133 9
206 3
9
66 0
74 4

r

'9.4
7 1
2 3

8.8
7 0
18

698. 5
349 9
137 9
212 0
271 0
77 6

775 3

207, 1
39 8
107 0
16 2

2
5
2
8

7 4
40 3
32 9

3
3
7
6
0
5
8
9

' 748 8 r 762 1 r 766 3

146.
72
55
74
r

'9.9
50
49

104
78
27
51
25
25
14
14

'9.9
7 4
2 5

104
81
28
53
23
23
11
12

9
2
2
1
7
2
4
0

5 4
42 5
37 1

r

4 6
43 7
39 0

4 3
44 0
39 7

53
45 3
39 9

52
44.8
39 6

151.2
74 9
58 4
76 2

5
1
1
3

716. 0
359 6
143 2
216 4
276 6
79 9

5
7
5
2
8
3
0
4

2
2
7
6

157.7
79 5
63 0
78 1

161.7
81 5
65 6
80 2

170.4
87 1
70 2
83 3

175.2
89 5
72.6
85 6

759. 2
380 9
150 5
230 5
303 1
75 2

773.2

'7.1
34
37

2.1

660.7

664.6

722. 6
361 7
141 6
220 1
283 5
77 4
r

14. 0
9 7
4 3

r

737. 4
370 3
145 8
224 5
291 6
75 5
r

11.4
99
15

r

743. 6
373 2
148 3
224 9
296 9
73 5
r

18.5
12 8
15 7

r

GNP in constant (1958) dollars
Gross national product, totalf

bil. $..

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.

r

581. 1 ' 616. 7 r 652. 6

r

578. 6 ' 585. 8

588. 5

T

601. 5

r

609. 7

r

620. 7

r

634. 4

r

645. 4 ' 649. 3 ' 654. 8 '661.1

373.7

398 4

418 0

370 7

378 6

379 3

389 1

394 1

400 7

409 9

416 2

415 2

420 4

420.4

424 2

do
do
do

59 0
170 3
144 4

66 4
178 9
153 2

71 3
187 7
159 1

59 3
167 8
143 6

60 4
172 8
145 3

58 7
173 5
147 1

65 0
174 7
149 4

64 1
178 0
15° 0

66 8
179 3
154 6

69 5
183 6
156 8

73 0
185 8
157 3

69 3
187 7
158 2

71 9
188 8
159 8

71 1
188 4
160 9

69 7
191 8
162 6

do

87 8

98 0

105 6

87 3

87 6

90 8

95 9

95 9

98 3

106 5

103 6

108 4

96 9

81 9
57 8
24 2
58

89
66
93
8

81
57
24
6

2
0
3
1

g9 g

83
59
23
7

86
62
23
9

6
9
7
3

87 9
64 5
23 4

89
66
93
8

6
7
o
7

101 6
99 4
69 7
22 6
9 2

104 0

do
do
do
do

94
71
29
9

93
71
21
13

93
73
19
10

91
74
17
17

do

83

80

8 4

52

6 8

6 4

56

5 4

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

1
0
2
8

6 0

93
72
20
12

0
8
2
6

4 4

58 9
23 9
4 8

124 5
112 6
111 2
64 7
59 3
57 8
53. 3
53. 5
59! 9
r
Revised.
* Preliminary.
tRevised series. Estimates of national income and
product and personal income have been revised (see p. 13 ff. of this issue of the SURVEY for
data beginning 1964; for data prior to 1964, see p. 11 ff. of the July 1966 SURVEY); revisions




r

111 2
58 1
53! 2

114 3
57 8
56.4

2
7
5
6

79

8* 0

5
8
8
5

1
7
4
4

4 8
9

0
6
4
6

41

2
2
0
2

90
73
17
6

2
0
3
7

32

41

lf)9 1
67 8
61.3

135 5
72 3
63.2

12 7
126 6
112 9
119 9
110 5
111 3
115 3
117 4
66 4
63 4
61 2
59 3
56 7
57 1
58 5
56 3
53. 8
55 0
55. 8
56 7
.58.' 0
58.' 7
59'. 4
eo!i
prior to May 1966 for personal income appear on p. 21 ff. of this issue of the SURVEY and those
for periods prior to 1964 on p. 18 ff. of the July 1966 SURVEY.
9 Includes data not shown
separately.

s-1

SURVEY OF CUREENT BUSINESS

S-2
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS

1964

Annual total

III

II

I

IV

1967

1966

1965

1964

1966

1965

.Tul.v 19(5

I

IV

III

II

IV

III

I

III

II r

GENERAL BUSINESS INDICATORS— Quarterly Series— Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
N'^tkripl income fotalf
hil $
Compensation of employees, total
...do
\V age? and salaries, total
do
Private -.
do
Militfiry
do
Government civilian
do
Supplements to wages and salaries
do
Proprietors' income, total 9
do
Rusiwss and professional 9
do
Farm
do
Rent?! income of persons
do
< 'orpor&te profit? and inventory valuation adjustment total
bil $
By broad industry groups:
Financial institutions
do
Nonfinaneial corporations, total
do
Manufacturing, total
_._
do

'518.1
365.7
333. 7
269. 4
11.7
52. 6
32.0
52.3
40.2
12.1
18.0

r

562. 4
393.9
359.1
289.8
12.1
57.1
34.9
56.7
41.9
14.8
19.0

r

566. 5
397.2
362. 0
292.1
12.1
57.8
35.2
57.2
42.0
15.2
19.1

582. 8
408.4
372.4
300.0
13.1
59.4
36.0
57,8
42.5
15,3
19. 2

r

600. 3 r 610. 4
420.8 430.7
390.2
381.3
313.8
306.9
14.2
13.6
62.2
60.7
40.5
39.5
59.3
60.0
43.3
42.8
16.0
17.1
19.3
19.2

r

622. 1 •• 634. 1 r 636. 4
459.1
441.2
450.2
414.7
407.4
399.6
331.4
326.1
320.1
16.1
15.1
15.8
67.3
65.6
64.3
44.4
42.7
41.6
57.8
58.6
59.2
43.2
43.4
43.3
14.6
15.1
15.9
19.8
19.6
19.4

66.3

74.9

82.2

67.6

66.4

72.6

73.4

74.9

78.7

81.1

81.3

81.9

84.6

8.4
66,5
38.7
16.5
22.2

9.3
72.9
43.1
18.7
24.4

8.0
59.6
33.6
15.1
18.4

8.0
58.5
32.4
15.3
17.2

8.2
64.4
37.5
15.9
21.6

8.4
65.0
37.7
16.0
21.6

8.4
66.5
38.6
16.5
22.1

8.6
70.0
41.0
17.4
23.7

8.9
72.2
42.7
18.3
24.3

9.0
72.2
42.5
18.5
24.0

9.5
72.4
42.7
18.8
23.9

9.6
75.0
44.4
19.2
25.3

9.6
68.5
39.6
18.4
21.1

10.6
16.3
74,0
30.3
43.7
18.7
25.0
-1.4
17.1

10.9
16.5
75.6
30.9
44.6
19.4
25.2
-2.1
17.6

11.2
16.7
75.8
31.1
44.8
20.2
24.6
-.9
18.2

12.0
17.0
80.8
33.1
47.7
20.9
26.8
-2.2
18.8

11.7
17.8
83.7
34.5
49.2
21.4
27.8
-2.6
19.3

12.0
17.8
83.6
34.5
49.2
21.6
27.6
-2.3
19.8

11.8
17.9
84.0
34.6
49.4
21.6
27.8
-2.2
20. 4

12.0
18.6
83.9
34.6
49.3
21.2
28.2
.7
21.1

463.1
418. 0
333.0
16.2
68.8
45.2
57.7
43.4
14.3
20.0

78.1

7.9
58. 4
32.7
14.9
17.8

11.7
17.3
79.0
32.5
46.5
22.2
24.2
-.8
21.6

Transportation, communication, and public
10.2
10.3
11.2
10.1
11.9
utiliftes
bil. $..
15.7
18.0
15.8
15.5
16.6
All c^-er iaduf tries
do
68.0
67.4
83.8
66.8
76.6
Corporate profits before tax, total
do ..
34.5
28.6
28.8
31.4
28.3
Corporate profits tax liability
-do
39.1
49.3
38.8
38.4
45.2
Corporate profits after tax..
do
21.5
17.9
18.3
17.8
19.8
Dividends
.. -- ...do
21.2
20.5
27.8
20.6
25.4
Undistributed profits
do
-.4
-1.0
-1.6
-.5
-1.7
Inventory valuation adjustment.
do
16.0
20.2
16.6
15.8
17.9
Nret interest
do
DISPOSITION OF PERSONAL INCOME!
Quarterly Data Seasonally Adjusted at Annual Rates
r
537. 8 r 584. 0 r 502. 1 r 510. 5
Personal income, total
bil. $._ f 497. 5
59.4
75.2
59.0
60.9
65.6
Less: Personal tax and nontax payments
do
508.8 443.1 449.6
Equals: Disposable personal incoir *
_ . . do. . - - 438.1 472.2
479.0
420.1
445.0
417.5
411.9
Less" Personal outlavs*?)
do
25.6
29.5
26.2
27.2
29.8
Equals Person -J savin g §
_. . _ _ _ do .. .
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
11.54
12.84
44.90 51.96
60.63
All industries
bil $
4.67
5.59
Manufacturing
dr
18.58
22.45
26.99
2.83
9.43
2.37
11.40
13.99
Durable goods industries. - _
._ do _„
2.30
2.76
9.16
13.00
11.05
Nondurable goods industries.do
.33
.30
1.47
Mining.. _ _
_ _
lo
1.30
1.19
.37
,35
1.98
1.41
1.73
Railroad
do
.64
3.44
.59
2.38
Transportation, other than rail. .
do
2.81
6.22
8.41
1.76
Public utilities.
do
1.71
6.94
1.06
4.30
5.62
1.17
Communication
do ._
4.94
12.74
2.84
3.01
10.83 11.79
Commercial and other do
Seas. adj. qtrly, totals at annual rates:
45.65 47.75
AH industries
do
20.15
18.85
Manufacturing
_
_
do
10.15
9.60
Durable goods industries
do
9.20
10.00
Nondurable goods industries
do
1.30
1.20
Mining
do
1.55
1.50
Railroad
do
2.40
2.60
Transportation, other than rail
do
6.35
6.30
Public utilities
.
do
4.40
4.40
Communication
do
11.00
11.40
Commercial and other
do
U.S. BALANCE OF INTERNATIONAL
PAYMENTSd"
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
9,565
9,371
military grants)
mil $
37, 099 39, 147
43, 039
6,587
6,370
25, 297 « 26,244 29, 168
Merchandise, adjusted, excl. military
do
« 198
189
847
'747
844
Military sales
do
1,322
1,387
Income on U.S. investments abroad
do
5,389
6,245
5,888
1,458
Other services
do
1,425
5,666
6,171 r 6,779
Imports of goods and services
.
_ do
-28, 637 -32,203 -37, 937 -7,208 -7, 440
-18,621 -21,472 -25, 510 -4, 730 -4,907
Merchandise, adjusted, excl. military
do
-691
-694
Military expenditures
._
_ do
-2, 861 -2, 921 -3, 694
-362
-380
Income on foreign investments in the TJ.S._do
-2, 074
-1,455 -1, 729
Other services
do
-1,422 -1,462
-5, 700 -6,081 -6,659
Unilateral transfers, net (excl. military grants);
-680
transfers to foreigners (— )
mil. $
-694
— *> 782 -2 824 -2,925
Transactions *:n U.S. private assets, net; increase
-2, 104
(-)
mil. $.. -6, 542 -3, 743 -4,132 -1,624
Transactions in U.S. Govt. assets, excl. official
-579
reserve assets; increase (— )
mil. $.. -1,674 -1,575 -1,531
-405
Transactions in U.S. official reserve assets, net;
-151
increase (— )
mil $
568
70
171
1,222
Transactions in foreign assets in the U.S., net (U.S.
1,724
liabilities) ; increase (-f) .
mil. $
664
3,314
3,301
391
Liquid assets
do
1,485
789
448
113
2,629
2,512
239
Otherassets
. _ .do. .
216
685
278
Unrecorded transactions,
do
-383
-174
-335
-949
-415
Balance on liquidity basis— increase in U.S. official
reserve assets and decrease in liquid liabilities to
J,33!
-518
all foreigners* decrease ( )
mil $
-2, 800 -1,335 -1,3.'57
Balance on official reserve transactions basis— increase in U.S. official reserve assets and decrease in
liquid and certain nonliquid liabilities to foreign
-•239
~-»;j*
225
official agencies; decrease (— )
mil $
-1,548 -1,304 !
r
Revised.
p Preliminary.
«• Corrected,
1
ures o! bu siness.
Estimates for Apr.-Tun« 1967 based on anticipated capital expend)
2
Estimates for T;ilv-Sopt 1967 based on antici]Dated cap ital expe nditures of busn
Anticipated expen-Iif (V< s for the year 1967 are as folk)ws (in bil .$):AlIiiulustries, 62.40 ;rm mifacturing, total, 27.91, durable roods industries, 14 50; nondiirable g DOds iridu strif-s, K$.42;
r
mining, 1.56;railr ><K? 1 ',3; transportation, 3.82; pu 3lic utiliti es, 9.12; commerci i.l a u! o ,*HT
(incl. communion 'or- , ! *.40.
•"» Includes commurilcation.




r

r
r 616. 7 ' 524. 2 ' 530. 4 ' 544. 9 555. 3
435.7 369.9 375.8 381.5 388.6
354.2
347.7
342.7
394.6 337.5
286.2
280. 8
276.5
272.4
316.7
11.8
11.7
11.7
14.7
11.9
55.1
56.3
63.2
54.3
53.3
34.5
33.8
32.4
33.1
41.1
56.7
55.0
53.3
52.6
59.3
41.7
41.4
40.6
43.2
40.6
15.0
12.6
13.6
12.0
16.1
18.9
18.6
18.4
19.4
18.1

r

T

520. 3 f 530. 1 r 544. 6
65.2
66.1
64.3
479.4
464. 0
456.0
448.5
439.9
431.6
30.9
24.0
24.5

556. 1 r 567. 8 r 577. 3
74.1
70.4
66.7
503.3
497. 5
489.4
474.6
470.9
460.1
28.7
26.6
29.3

r

589. 3
76.9
512.4
483.2
29.2

r 601.

6

r 612.

23.1
-.6
22.1

618.9
78.6
540.2
503.2
37.1

9

79.6
522.0
487.4
34.6

80.2
532.7
493.9
38.8

10.79
4.54
2.25
2.28
.29
.39
.58
1.32
1.08
2.59

12.81
5.47
2.76
2.70
.33
.44
.77
1.71
1.24
2.85

13.41
5.73
2.91
2.82
.32
.44
.72
1.88
1.22
3.10

14,95
6.72
3.48
3.24
.35
.46
.73
2.04
1.41
3.25

12.77
5.61
2.87
2.74
.33
.40
.75
1.60
1.26
2.83

15.29
6.78
3.51
3.27
.40
.55
1.00
2.09
1.42
3.06

15.57
6.84
3.54
3.30
.37
.48
.82
2.36
1.36
3.33

17.00
7.75
4.07
3.68
.38
.55
.86
2.36
1.58
3.52

13.59 i 15. 62 2 15. 85
7.02
6.10
6.89
3.08
3.61
3.58
3.02
3.42
3.31
.32
.41
.38
.38
.41
.40
.70
1.01
1.09
1.84
2.49
2.35
1.35
2.87 3 4.51 s 4. 54

49.00
20.75
10.40
10.40
1.25
1.75
2.55
6.80
4.55
11.30

50,35
21.55
10.80
10.70
1.30
1.55
2.70
6.85
4.80
11.60

52.75
23.00
11.75
11.25
1.25
1.70
3.00
6.75
5.05
11.95

55.35
24.15
12.45
11.70
1.35
1.95
3.00
7.30
5.30
12.25

58.00
25.60
13.15
12.45
1.40
1.75
3.30
8.25
5.35
12.35

60.10
26.80
13.85
12,95
1.55
2.00
3.50
8.30
5.50
12.45

61.25
27.55
14.35
13.20
1.45
1.85
3.40
8.55
5.60
12. 85

62.80
27.75
14.50
13.25
1.45
2.35
3.50
8.50
5.95
13.30

61.65 i 61.55 2 62. 80
27.85
27.30 28.35
14.60
14.20
14.20
13.70
13.70
13.10
1 65
1.40
1.50
1 . 50
1.80
1.50
4.20
3.05
3.80
9. 20
9.20
9, 25
5.75
12. 55 3 18." 15 " ? 17. 95"

8,768
5,628
* 210
1,499
1,431
-7, 232
-4, 669
-671
-401
-1,491

10, 180
6,880
192
1,562
1,546
-8, 139
-5, 475
-711
-424
-1,529

10, 080
6,811
230
1,474
1,565
-8, 233
-5, 556
-754
-435
1,488

10,119
6, 925
212
1,353
1,629
-8, 599
-5, 772
-785
-469
-1, 573

10,511
7,203
209
1,469
1,630
c
- 8,997
-6, 025
-861
-475
~1, 636

10,618
7,181
222
1,535
1,680
-9, 265
-6, 225
-911
-471
-1 , 658

10,913
7,382
206
1,587
1,738
-9, 762
-6, 580
-953
-565
-1,664

10,997
7,402
210
1,654
1,731
-9, 913
-6,680
-969
-563
-1,701

"11,317
"7,690
"338
n, 582
pl,707
p-9, 981
p-6, 689
p-1,041
p~531
p- 1,720 i

-664

-- 775

-725 '

-660

-851

-733

-709

-632

» — 722

-1,657

-389

-885

-812

-981

-1,135

-932

-396

-490

-244

-445

--365

-500

-328

424

68

82

-0

P 1,027

236
-12
2*8
-110

492
227
265
-233

1,145
54
1,091
-198

459
83
376
277

1,205
425
780
-229

*312
r-483
"795
p~206

-259

-651

-122

-419

r-544

(58

41

280
-24
310
53 i

--342
-267
-75
-113

-818 j

1 9'J

!

211
416
-205
-245

842
!

1

271

] .

i

-1,084 p-1,006
-338

P_741

!,

j

-457

-165

!
-18 p-1,822
-443
-175
861
•J07 i -910
239
-834
fSe 3 corresp on ding n Dte on p. S-l.
9lii eludes iuventory valuation adjust •nent.
®P ersonal Dutlays c omprise personal consum ption ex penditun?s, inten st paid by con••nme rs, •viid personal t ransfer PClyments to foreigrlers.
rsonal sa ving is e tcess of d isposable income over pers onal out ays.
fore com plete dot ails are g iven in .he quart erly revi ews in tl le Mar. June, S j|i)t., and
Dec. ••sue;snf the ST T RV EY; quar terly rev sions bac k to 1960 are on p 2 2 f f o f t hisissuf

'%

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