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SURVEY OF CURRENT BUSINESS

14

January 1967

NATIONAL INCOME AND PRODUCT TABLES
1965
1964

1966

1965

*

1966

IV

III

III'

II

I

1965
IV P

1964

1965

1966

III

P

Seasonally adjusted at annual rates

1966

IV

I

II

III'

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)

631.7

681.2

739.5

686.5

704.4

721.2

732.3

745.3

759.1

580.0

614.4

647 7

618.2

631.2

640.5

643 5

649 9

657 0

_

401.4

431.5

465.0

435.0

445.2

455.6

460.1

469.9

474.4

373.8

396.2

415.5

398.9

406.5

412.8

412.2

418.3

418 5

_ _
._ -

59.4
178.9
163.1

66.1
190.6
174.8

69.4
206.1
189.5

66.7
191.4
176.9

68.0
197.0
180.2

70.3
201.9
183.4

67.1
205.6
187.4

70.2
208. 1
191.5

70. 1
208.7
195.6

59.1
170.5
144.2

66.4
178.2
151.6

70.8
185.9
158.7

67.2
178.5
153.1

69.2
182.5
154.8

72.2
184.1
156.5

68 5
185 8
157.9

71 6
187 1
159 6

71 2
186 5
160 9

106.6

116.5

106.7

115.0

118.0

86.5

97.8

104.3

102.2

103.5

106 3

102 5

105 0

105. 1
80.3
27.7
52 6
24.8
24 3

103.6
81.7
27.6
54. 1
21.9
21 3

81.9
57.4
18.9
38.5
24.6
24.0

89.0
64.9
21.7
43.2
24.1
23.6

95.0
70.8
24.3
46.4
24.3
23.8

94 7
71.3
23.6
47 7
23.4
22 9

93 5
73 0
23.2
49 8
20 5
20 0

91 7
73 8
23.0
50 8
17 9
17 4

10.4
— 5

14.4
15.6
— 1.2

11.6
11.4

9 1

13 2
14.5
—1 2

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

._

-

Gross private domestic investment

93.0

__ _ _

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

-

- -

88.3
60.7
21.0
39.7
27.6
27.0

.6
4.7
5.3
-.6

97.5
69.7
24.9
44.8
27.8
27.2

.6
9.1
8.1
.9

105. 1
79.3
27.9
51 4
25.8
25 3

.6

11.4
11.7
3

98.0
70.2
24.4
45.8
27.8
27.3

.5
8.7
7.2
1.5

111.9

114.5

118.5

101.5
73.9
26.8
47.1
27.6
27.0

105.6
77.0
28.5
48.5
28.6
28.0

106.2
78.2
27.9
50.3
28.0
27.4

.5

10.4

9.0
1.4

.5
8.9
8.5
.5
6.0

.6

12.3
12.1

.2

6
9.9

.6

.5
4.6
5.2
-.6

.5
8.8
8.0
.9

93.7
72.2
23.5
48 7
21.5
21 0

5

10.6
10.9
o

97.9
89.4
65.5
21.3
44.2
23.9
23.4

.5
8.5
7.1
1.4

91.9
68.4
23.2
45.2
23.5
23.0

.5

10.2

8.9
1.3

.5
8.5
8.0
.4

5

2

5

9.6

— 5

5

7.1

6.1

41.7
35.6

43.4
39.2

38.7
32.8

40.1
34.2

4.2

41 3
36.4

38.4
31.9

4.6

44 6
39.8

37.3
31.0

5.9

41.9
37.3

36.4
28.0

6.0

40.1
33.0

4.8

42 9
38.0

40.3
34.2

6.4

39.0
32.0

4.2

37.0
28.5

40.3
35.8

41 8
37.6

42 9
38.2

Government purchases of goods and services _ _ _ _ 128.9
Federal
-- 65.2
50.0
National defense
15.2
Other
63.7
State and local

136.2
66.8
50.1
16.7
69.4

153.1
77.0
60 0
17 0
76 2

137.7
67.5
50.7
16.8
70.2

141.2
69.8
52.5
17.3
71.4

145.0
71.9
54.6
17.4
73.1

149.0
74.0
57.1
16.9
75.0

156.2
79.0
62.0
17 0
77 2

161.9
82.5
65.5
17 0
79 4

111.3
57.8

114.1
57.8

123.2
64.1

115.0
58.3

116.6
59.3

118.3
60.4

120.4
61.9

124.9
65.5

128.8
68.2

53.4

56.3

59 1

56.7

57.3

57.9

58.5

59 4

60 6

Addendum: Implicit price deflator for seasonally
adjusted GNP, 1958-100

110.9

114 2

111.0

111.6

112.6

113.8

114.7

115.6

Net exports of goods and services. Exports
Imports

8.5

_ __
--

108.9

7.0

4.9

4.7

8.5

6.3

4.8

4.7

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

631.7

681.2

739.5

686.5

704.4

721.2

732.3

745.3

759.1

580.0

614.4

647.7

618.2

631.2

640.5

643.5

649.9

657.0

627.0

672.1

677.8

694.0
10.4

712.3

735.4

605.6

637.1
10.6

621.0
10.2

632.0

9.9

744.7
14.4

609.7

8.9

720.0
12.3

575.4

9.1

728. 1
11.4

8.5

631.9
11.6

640.8

643.7
13.2

- 318.2

344.7

376.7

347.5

358.8

366.0

371.6

379.6

389.3

307.2

328.5

351.0

330.9

341.0

344.7

346.7

352.8

359.7

313.6

335.7

365.3

338.8

348.4

357.0
8.9

359.3
12.3

369.7
9.9

374.9
14.4

302.6
4.6

319.7
8.8

340.4
10.6

322.4
8.5

330.7
10.2

336.2
8.5

335.1
11.6

343.7
9. 1

346.5
13.2

_ _ 125.5
122.2
33

138.5
132.2

141.0
134.3

142.6
137.9

147.6
141.8

149.6
140.6

158.1
148.7
9 5

164.0
152. 1
11 9

123.1
119.9

135.5
129.4

150.9
142.5

138.3
131.8

140.3
135.7

145.4
139.9

4.7

5.5

146.0
137.6

153.7
145. 1

6.3

154.9
145.9
9 1

8.7

158.4
147.4
11.0

192.7
191 3
14

206.3
203 5
2 7

221.8
219 5
2 3

206.5
204.4
21

216.2
210.5
5 7

218.4
215.2
3. 1

222.0
218.7
33

221.4
221.0

5

225.3
222.8
2 4

184.1
182.7

193.0
190.3

2.7

200. 1
197.9
2 2

192.6
190.6

200.6
195.1

199.4
196.3

200.8
197.6

199.0
198.6

201.3
199. 1

244 5

262.0

286 2

265.1

268.8

275.5

282.1

289.9

297.0

211.2

221.1

232.6

223.3

224.0

227.7

230.9

234.4

237.3

Structures

68.9

74.5

76.7

73.9

76.9

79.8

78.6

75.8

72.9

61.7

64.8

64.2

64.0

66.2

68.0

66.0

62.8

60.0

Addendum: Gross auto product

25.8

31.4

29.4

31.6

30.5

31.5

28.6

27.9

29.7

25.4

31.4

30.0

31.9

30.7

32.2

29.1

28.5

30.1

Gross national product
Final sales
Change in business inventories ..

-- _ _ --

Goods output
Final sales
_
_ _ _ _ _ _ _ _ _ _ _ ._
Change in business inventories
- ._
Durable goods . . _ _ _ . _ __ __ _. _
Final sales
Change in business inventories
Nondurable goods
Final sales
Change in business inventories
Services

._

4.7

8.7

6.7

4.7

5.8

9.0

4.6

3.2

1.4

8.8

6.1

8.4

8.5

6.5
2.0

5.6

3.0

8.4

3.2

9.1

.4

2.3

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

General government
y Preliminary.

r

Revised.




681.2

739 5

686.5

704.4

721.2

732.3

745 3

759 1

580.0

614.4

647.7

618.2

631.2

640.5

643.5

649.9

657. (

613.4

663 3

618 2

633.8

648.4

657.6

667 7

679 3

530.8

563.5

593 5

567.2

579.4

588.0

589.9

595.1

601.,

547.4
527 0
_ _ .. . 20.4
- _. 17.3

590.8
567 1
23.8
18.3

595.3
570 6
24.7
18.7

611.2
586 6
24.7
19.1

624.9
599 3
25.7
19.1

643.5
619 1
24 4
19.7
4 6

654.8
630 5
24 3
20.0
4 5

545.4
521. 7
23.8
14.0

548.9
524.6
24.3
14.2

582..
559.

3.3

4.3

4.3

576.2
554.5
21.7
14.5

4.0

569.4
546.4
23.0
14.3

571.4
548.4
22.9
14.2

4.1

574.8
552 2
22 6
14.4
4 4

561.6
537.5
24.1
14.5

4.4

634.0
609 0
25.0
19.1
4 5

513.3
491.2
22.0
13.6

4.3

639.3
614 5
24 8
19.5
4 5

4.4

22.
14.
4.

63.0

Business
Nonfarm
Farm
_
_ _ _ _
_
Households and institutions
Rest of the world

631.7
568.7

Gross national product
Private

67.8

76 2

68.3

70.6

72.8

74 7

77 6

79 9

49.2

50.9

54 2

51.1

51.8

52.5

53.6

54.8

55.

4.0

4.1

3.4

3.9

CURRENT BUSINESS STATISTICS

JLHE STATISTICS here update series published in the 1965 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF 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

1963
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS

1965

1964

1963
IV

I

|

II

Annual total

1966

1965

III

IV

I

II

III

I

IV

II

III

IV p i

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf

759. 1

590.5

631.7

681.2

605.8

616.8

627.7

637.9

644.2

660.8

672.9

686.5

704.4

721.2

732.3 ' 745. 3

Personal consumption expenditures, total.. _ _ d o . . _ _

375.0

401.4

431.5

381.5

391.1

398.0

407.5

408.8

418.9

426.8

435.0

445.2

455.6

460.1

469. 9

474.4

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

53.9
24.3
22.2

59.4
25.8
25.1

66.1
29.8
27.1

55.6
24.9
23.1

57.6
25.3
24.1

59.8
26.0
25.4

61.1
27.1
25.3

58.9
24.6
25.7

65.1
30.1
26.0

64.4
29.2
26.2

66.7
30.2
27.3

68.0
29.9
28.8

70.3
31.4
29.6

67.1
28.5
29.2

70.2
30.1
30.7

70. 1
30. 0
31.0

do
do
__ _. -.do....
do

168.6
30.6
88.2
13.5

178.9
33.6
92.8
14.1

190.6
35.9
98.4
15.1

169.6
30.7
88.6
13.7

174.9
32.8
90.7
13.9

176.5
32.7
92.1
13.9

181.7
34.3
93.9
14.2

182.4
34.4
94.4
14.4

184.5
34.6
95.4
14.4

189.4
35.6
97.8
15.2

191.4
36.0
98.7
15.3

197.0
37.5
101.6
15.7

201.9
39.4
103.3
15.8

205.6
39.7
104.8
16.1

208.1
41.1
105.5
16.1

208. 7
39. 9
KM). '2
16. 1

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

152.4
23.1
55.4
11.4

163.1
24.3
59.2
11.8

174.8
25.6
63.2
12.8

156.3
23.3
56.8
11.6

158.7
23.8
57.7
11.7

161.6
24.2
58.7
11.7

164.7
24.7
59.6
11.9

167. 5
24.7
60.7
12.1

169.3
24.7
61.6
12.2

173.0
25.4
62.7
12.7

176. 9
26.0
63.6
13.0

180.2
26.3
64.7
13.4

183.4
26.5
66.0
13.5

187.4
27.1
67.1
13.9

191.5
27.6
68.2
14.2

195. (\

87.1

93.0

106.6

92.9

90.2

91.8

92.5

97.4

103.8

103.7

106.7

111.9

114.5

118.5

115.0

118.0

103. li
81. 7
27. <i
54. 1
21.9
21.3
14.4
15.6
4.8
44. ti
39.8

Gross national product, totalf

.

Nondurable goods, total 9
Clothing and shoes
Food and beverages _ .
Gasoline and oil
Services, total 9 - . . _
Household operation
Housing
.
Transportation

.._

-.

.

.

bil. $

Gross private domestic investment, total-.. ..do

•27. 8
69. f>
14.5

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

81.3
54.3
19.5
34.8
27.0
26.4
5.9
5.1

88.3
60.7
21.0
39.7
27.6
27.0
4.7
5.3

97.5
69.7
24.9
44.8
27.8
27.2
9.1
8.1

84.7
56.8
19.9
36.8
28.0
27.4
8.1
7.0

86.6
58.1
20.3
37.9
28. 5
27.9
3.5
3.6

87.6
59.7
20.9
38.8
27.9
27.3
4.2
5.1

88.9
61.7
21.0
40.7
27. 2
26. 6
3.6
4.6

90.0
63.3
21.8
41.4
26.7
26. 2
7.4
7.9

94.4
66.7
23.6
43.1
27.7
27.2
9.5
9.4

96.0
67.9
24.6
43.3
28.1
27.5
7.6
6.7

98.0
70.2
24.4
45.8
27.8
27.3
8.7
7.2

101.5
73.9
26.8
47.1
27.6
27.0
10.4
9.0

105.6
77.0
28.5
48.5
28. 6
28.0
8.9
8.5

106.2
78.2
27.9
50.3
28.0
27.4
12.3
12.1

105.1
80.3
27.7
52. 6
24.8
24.3
9.9
10.4

_ _ . do....
do
. do. .

5.9
32.3
26.4

8.5
37.0
28.5

7.0
39.0
32.0

7.1
34.3
27.1

9.0
36.4
27.4

7.9
36.0
28.1

8.4
37.2
28.8

8.6
38.1
29.6

6.4
35.1
28.7

8.2
40.5
32.3

7.1
40.1
33.0

6.1
40.3
34.2

6.0
41.7
35.6

4.7
41.9
37.3

4.2
43.4
39.2

Govt. purchases of goods and services, total
122.5
"do
64.2
Federal
National defense
. . . - do. . 50.8
do
State and local
58 2

128.9
65.2
50.0
63,7

136.2
66.8
50.1
69.4

124.3
64.4
50.3
59.8

126.5
64.9
50.1
61.6

130.1
66. 6
51.6
63.4

129.5
65.1
49.8
64.4

129.4
64.1
48.5
65.3

131.6
64.4
48.2
67.3

134.3
65.6
49.1
68.7

137.7
67.5
50.7
70.2

141.2
69.8
52.5
71.4

145.0
71.9
54.6
73.1

161.9
149.0 M56.2
r
82. r>
79. 0
74.0
57.1 ' 62. 0 65. 5
79.4
77.2
75.0

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

720.0 ' 735. 4 744.7
359.3 ' 369. 7 374. 9
140. 6 ' 148. 7 152. 1
222. X
221.0
218.7
297. 0
289.9
282.1
72. 9
75.8
78.6

Net exports of goods and services
Exports
Imports
_
. -.

_

..do....
_ do
..do....
..do....
..do
do

584.6
292.7
113.3
179.4
226.2
65.7

627.0
313.6
122.2
191.3
244. 5
68.9

672.1
335.7
132.2
203.5
262.0
74.5

597.7
298.1
117.3
180.8
232.2
67.4

613.3
307.1
119.6
187.5
237. 3
68.8

623.5
311.4
122.4
189.0
242.7
69.4

634.4
318.8
125.0
193.8
247.1
68.5

636.8
316.9
122.0
195. 0
251.1
68.8

651.4
324.3
127.7
196.6
254.3
72.7

665. 3
331.2
128.8
202.4
259.8
74.3

677.8
338.8
134.3
204.4
265. 1
73.9

694.0
348.4
137.9
210.5
268.8
76.9

712.3
357.0
141.8
215.2
275.5
79.8

do
do
._ . . do .

5.9
2.8
3.1

4.7
3.3
1.4

9.1
6.3
2.7

8.1
3.8
4.4

3.5
2.3
1.2

4.2
3.6
.5

3.6
2.8
.8

7.4
4.4
2.9

9.5
7.4
2.1

7.6
6.4
1.2

8.7
6.7
2. 1

10.4
4.7
5.7

8.9
5.8
3.1

12.3
9.0
3.3

9.9
9.5
.5

14.4
11.9
2.4

551.0

580.0

614. 4

562.1

569.7

578.1

585.0

587.2

600.3

607.8

618.2

640.5

643.5

r 649. 9

657. 0

412.2

418.3

418.5

71.2
186. 5
1 f)0. 9

-

Change in business inventories
Durable goods
Nondurable goods

GNP in constant (1958) dollars
Gross national product totalf

bil $

Personal consumption expenditures, total. ...do...
Durable goods _ _ - . . .
Nondurable goods
Services _

_ _

353.3

373.8

396.2

379.5

378.9

387.1

392.2

398.9

406.5

412.8

57.2
167. 2
141. 2

59.5
168.4
143.1

60.9
173.3
145.3

58.8
173.1
146. 9

64.8
174.2
148.1

64.2
177.6
150.4

67.2
178.5
153.1

69.2
182.5
154.8

72.2
184.1
156.5

68.5
185.8
157.9

97.8

87.7

84.6

85.6

85.7

90.2

95.9

95.3

97.9

102. 2

103.5

106.3

102. 5

105. 0

89.0
64.9
24.1
8.8

79.7
54.3
25.4
8.1

81.2
55.5
25.7
3.5

81.6
56. 6
24. 9
4.0

82.2
58.2
24.1
3.5

82.8
59.2
23.6
7.4

86.6
62.3
24.4
9.3

88.0
63.4
24.5
7.3

89.4
65.5
23.9
8.5

91.9
68.4
23.5
10.2

95.0
70.8
24.3
8.5

94.7
71.3
23.4
11.6

93.5
73.0
20. 5
9. 1

91. 7
73.8
17. 9
1 3. 2

7.1

9.2

8.2

8.4

8.0

5.7

7.1

6.4

6.0

5.9

4.6

4.2

4. 7

59.1
170.5
144.2

Gross private domestic investment, total.-. ..do....

82.5

86.5

Fixed investment
.
. .
do
Nonresidential
-_do.
Residential structures
do
Change in business inventories..- ...
.do

76.7
51.9
24.8
5.8

81.9
57.4
24.6
4.6

5.6

8.5

6.3

Govt. purchases of goods and services, total .do._109.6
114.1
109.5
110.3
111.3
Federal..- ..
do
58.2
59.5
58.7
57.8
57.8
State and local
50.1
53.4
56.3
50.9
52.0
r
J
Revised.
p Preliminary.
Preliminary annual totals for 1966 for components
shown in this column appear on pp. 14-16 of this issue of the SURVEY.
t Revised series.
Estimates of national income and product and personal income have been revised (see p. 11 ff.




371.0

55.3
162.4
140.0

66.4
178.2
151.6

53.7
162.2
137.4

do

365.7

71.6
187.1
159. 6

. do
..do....
do

Net exports of goods and services

357.7

631.2

120. 4 ' r 124. 9 128. X
118.3
116.6
113.2
115.0
110.1
111.5
111.3
113.3
68. '_'
65. 5
61.9
60.4
59.3
57.3
58.3
56.1
56.2
57.4
59.7
60. ti
59.4
58.5
57.9
57.3
56.7
55.9
54.0
55.3
53.6
53.9
of the July 1966 issue of the SURVEY); revisions prior to May 1965 for personal income appear
on p. 18 IT. of the July 1966 issue of the SURVEY.
9 Includes data not shown separately.

s-1

S-2

SURVEY OF CURRENT BUSINESS

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

1964

1963

I

Annual total

II

1966

1965

1964

1965

January 1967

IV

III

I

1

IV

III

II

I

1

1967

II

III

IV*

I

GENERAL BUSINESS INDICATORS— Quarterly Series— Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
National income totalf
bil $
Compensation of employees, total
do
Wages and salaries, total ._
- do _
Private
do
Military ___
_ _ _ _ _
do _
Government civilian
_
do ___
Supplements to wages and salaries
do
Proprietors' income, total 9 _ _
_
do
Business and professional 9
do
Farm
do
Rental income of persons
do
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
utilitiesbil. $
All other industries ___
_. _ _ _ do_ .

p

te p

c

e

i ,

i

__ i

543. 3
381.7
348.2
281.2
11.8
55.2
33.5
53.3
40.5
12.9
18.1

552. 2
387.8
353.7
285.8
11.7
56.3
34.1
55.9
40.4
15.5
18.3

562.7
395.6
360.8
291.1
12.0
57.7
34.8
56.7
40.7
16.0
18.4

577.8
406.5
370.8
298.5
13.0
59.3
35.7
57.1
41.1
16.0
18.5

595.7
419.6
380.0
305.9
13.6
60.4
39. 6
58.4
41.4
17.0
18.7

604.1
427. 9
387.4
311.5
14.1
61. 8
40.5
57.9
41.6
16. 3
18.8

66.8

73.2

72.7

74.0

76.9

80.0

79.9

79.1

8.6
58.1
32.2
14.7
17.5

8.5
64.6
37.4
15.5
21.9

8.7
64.0
36.7
15.5
21.2

8.9
65.0
37.4
15.5
21.9

9.5
67.5
39.6
16.4
23.2

9.4
70.6
41.9
17.2
24.7

9.8
70.0
40.6
17.2
23.4

10.1
69.0
39.5
17.0
22.5

10.6
15.7
67.8
28.7
39.1
17.4
21.7
.0
15.7

10.5
15.5
67.7
28.6
39.0
17.7
21.4
-.9
16.3

10.7
16.5
74.5
30.7
43.8
18.1
25.7
-1.3
16.9

10.9
16.4
74.5
30.7
43.8
18.8
25.0
-1.8
17.5

11.2
16.4
75.0
30.9
44.1
19.5
24.6
-1.0
18.1

11.5
16.4
78.7
32.4
46.3
20.2
26.1
-1.8
18.7

11.3
17.4
82.7
34.1
48.7
20.9
27.8
-2.8
19.1

12.0
17.4
82.8
34.1
48.7
21.1
27.6
-2.9
19.6

12.2
17.2
81.9
33.7
48.2
21.1 * 20.7
27.1 ----—2.8
20.2 " 21.0

500.3
59.1
441.2
418.4
22.8

507.5
60.9
446.6
420.0
26.6

518.0
64.9
453.2
430.3
22.8

527.6
66.6
461.0
438.6
22.4

541.9
65.7
476.2
447.1
29.0

552.8
66.7
486.1
457.6
28.5

564.6
69.5
495.1
468.4
26.7

573.5
73.6
499.9
473.3
26.6

585. 2 « 598. 1
77.4 « 79.9
507.8 a 518. 2
483.3 « 488. 3
24. 5 « 29.9

11.54
4.67
2.37
2.30
.30
.37
.59
1.71
1.06
2.84

12.84
5.59
2.83
2.76
.33
.35
.64
1.76
1.17
3.01

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

45. 65
18.85
9.60
9.20
1.20
1.50
2.40
6.30
4.40
11.00

47.75
20.15
10.15
10.00
1.30
1.55
2.60
6.35
4.40
11.40

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

61.25 162.60 2 63. 45
27. 85
27. 80
27. 55
14.70
14.65
14. 35
13. 15
13.20
13. 15
1.50
1.45
1.45
2.00
2. 15
1.85
3. 65
3.70
3. 40
9. 30
8.15
8.55
5.60
V 19." 15
12.85 " 3 19/25

522.9 | 528.5
369.8 | 375.3
342.2
337.4
275.9
272.3
11.9
11.7
53.4
54.3
32.4
33.1
52.2
51.9
40.3
40.3
11.7
11.9
17.9
17.8

481. 9
341. 0
311.1
9
51 6
10.8
48.6
29. 9
51.0
37.9
13.1
17.1

517.3
365.7
333. 6
269.3
11.7
52.6
32.0
51.9
39.9
12.0
17.7

559.0
392.9
358.4
289.1
12.1
57.1
34.5
55.7
40.7
15.1
18.3

504.0
355.3
324.4
261.8
11.6
51.0
31.0
51.3
39.1
12.2
17.4

513. 7
362. 2
330.6
267.1
11.6
51.9
31.7
52.2
39.9
12.2
17.6

58. 9

66.6

74.2

65.3

66.5

67.8

7.8
51.2
28.8
13. 0
15.8

8.4
58.2
32.4
14.5
17.9

8.9
65.3
37.8
15.7
22.1

8.0
57.3
32.1
14.1
18.1

8.5
58.1
32.4
14.6
17.7

8.4
59.3
33.0
14.6
18.4

9.5
12.9
59.4
26.3
33.1
16.5
16.6
-.5
13.8

10.4
15.4
67.0
28.4
38.7
17.3
21.3
-.4
15.5

11.1
16.4
75.7
31.2
44.5
19.2
25.3
-1.5
17.8

10.1
15.0
65.8
27.9
38.0
17.1
20.9
-.5
14.7

10.2
15.5
66.8
28.3
38.5
17.3
21.3
-.3
15.1

Corporate profits after tax
do
Dividends.- _ _ _ _ _ _
d o
Undistributed profits
do_ __
Inventory valuation adjustment
do
Net interest
__ _ _ do
DISPOSITION OF PERSONAL INCOMEj
Quarterly Data Seasonally Adjusted at Annual Rates
492.0
484.0
535.1
496.0
465.5
Personal income, total
___ _ __
bil. $
56.9
59.4
66.0
60.7
60.9
Less: Personal tax and nontax payments... do._
435.1
423.4
469. 1
436. 6
404.6
Equals: Disposable personal income
do
408. 5
401.4
443.4
412, 1
384.7
Less: Personal outlays©
do
26.6
22.0
24,5
25.7
19.9
Equals: Personal saving§
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
9.40
11.11
44.90
39.22
51. 96
All industries
bil. $
4.53
3.79
18. 58
22.45
15.69
Manufacturing
do
2.30
1.93
9.43
11.40
7.85
Durable goods industries. _ __ .
do _
2.23
1.87
9.16
7.84
11.05
Nondurable goods industries
do
.29
.26
1.30
1.04
Mining
_ _ _
do
1.19
.36
.32
1.41
1.73
1.10
Railroad
do
.63
.51
1.92
2.81
2.38
Transportation, other than rail
do
1.58
1.18
6.22
5.65
6.94
Public utilities
_ _
do
1.10
.97
4.30
4.94
3.79
Communication
... do_ _
2.61
2.37
10.83
10.03
11.79
Commercial and other
do
Seas. adj. qtrly. totals at annual rates:
43.50
42.55
All industries
do
17.80
17.40
Manufacturing
do
9.00
8.85
Durable goods industries
do
8.55
8.80
Nondurable goods industries
do
1.15
1.15
Mining
do
1.25
1.40
Railroad
do
2.25
2.30
Transportation other than rail
do
6.30
5.95
Public utilities
do
4.30
4.05
Communication
do
10. 45
10.25
Commercial and other
do
U.S. BALANCE OF INTERNATIONAL
PAYMENTS^
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
9,001
9,112
36,958 38, 993
32, 339
military grants)
mil. $
6,092
6,156
25,297 26, 276
22, 071
Merchandise, adjusted, excl. military
do
186
198
747
844
657
Military sales
do
1,369
1,402
5,392
5,901
4,654
Income on U.S. investments abroad
_^ do___
1,354
1,356
5,522
5,972
4,957
Other services
_
_ _
do
-26,442 -28,468 -32, 036 -6,850 -7, 032
Imports of goods and services
do
-16,992 -18,621 -21,488 -4, 389 -4, 579
Merchandise, adjusted, excl. military
. do
-725
-740
-2,936 -2,834 -2,881
-344
-339
-1,271 -1,404 -1,646
Income on foreign investments in the U.S__do
-5, 243 -5,609 -6, 021 -1,382 -1,384
Other services
_ _ do
Unilateral transfers, net (excl. military grants);
-717
-683
-2,784 -2,765 -2,794
transfers to foreigners ( )
mil S
Transactions in U.S. private assets, net; increase
-4,456 -6, 523 -3, 690 -1,360 -1,385
(— )
mil $
Transactions in U.S. Govt. assets, excl. official
-350
-291
-1,664 -1,674 -1,575
reserve assets* increase ( — )
mil $
Transactions in U.S. official reserve assets, net;
303
-51
1,222
171
378
increase (— )
mil. $
Transactions in foreign assets in the U.S., net (U.S.
332
419
309
3, 312 |
2,981
liabilities); increase (-f)
mil. $_
249
299
<• 115
2,627
2,292
Liquid assets
__
_
.
do
83
120
685
« 194
689
Other assets
do
-152
-296
-429
Unrecorded transactions
do
—352 -1,011
Balance on liquidity basis— increase in U.S. official
reserve assets and decrease in liquid liabilities to
-552
-248
-2,670 -2, 798 -1,337
all foreigners; decrease (— )
mil. $
Balance on official reserve transactions basis—ini
crease in U.S. official reserve assets and decrease in
liquid and certain nonliquid liabilities to foreign
-144
-326
-2.044 -1,546 -1,305
official agencies' decrease (— )
mil $
T
a
Revised.
*> Preliminary.
See note ' on p. S-l.
1
Estimates for Oct.-Dec. 1966 based on anticipated capital expendit ires of biisiness.
2
Estimates for .Tan. -Mar. 1967 based on anticipated caj•>ital expe nditures of busi less.
Anticipated expenditures for the year 1966 are as follows (in bil. $) : All iridustries 60.56; in amifacturing, total, 27.01; durable goods industries, 14.04; none .urable g(>ods indiistries, 12.97;
mining, 1.47; railroad, 1.94; transportation, 3.48; public utilit ies, 8.31; commerc al and c)ther
find, communication), 18.36.
3 includes communication.




!

i

613.8
438.3 «447. 5
396.7 " 405. 0
318. 0 « 323. 9
15.0 ° 15.8
63.7 « 65. 2
41.5 « 42. 5
57.3 a 57.5
" 42. 2
41.9
15.4 « 15. 2
18.9 «19.1

i 16. 93
7.78
4.12
3.66
.38
.51
.91
2. 26

14.01
6.10
3.21
2. 89
.35
.46
.82
1.85

"3" 5 "16"

•M.43

i
9,537
8,776 10, 136 10, 016 10, 065
9,308
6,826
7,027
6,798
5,625
6,389
6,660
199
216
229
162
201
200
1,470
1,254
1,616
1,561
1,368
1,253
1,568
1,493
1,521
1,390
1,389
1,423
-7,196 -7, 390 -7,164 -8, 087 -8,245 -8,540
-4,752 -4,901 -4, 656 -5,481 -5, 595 -5, 756
-745
-771
-701
-664
-683
-686
-458
-404
-411
-373
-349
-372
-1,409 -1,434 -1,471 -1,501 -1,494 -1,555
1
-645
-719
-768
-662
-694
-671

10, 495
7,171
198
1, 530
1,596
-8,926
-6. 004
-854
-436
-1.63-

10, 572 |plO,948
7,111 p 7,439
*> 215
260
1,579 p 1,598
1,622 p 1.696
-9,212 p-9, 76S
-6,262 p-6, 65,
p-937
-899
-436 p-502
-l.Glf > p-l,66<t

-852 | -741

p-694

-1,09'I p-713

-1,589 -2, 189 -1,605

-346

-827

-912

-928

-618

-367

-469

-268

-471

-332

-151

842

68

41

271

719
547
172
-203

1,842
1,532
310
-360

180
-145
325
0

-425
-131
-109

242
493
-251
-240

312
61
251
-80

416
127
289
-297

1,033
73
930
-167

-617

-1,381

-697

226

-534

-332

-551

-141

-415
70

OQ.,4

424 i

p-378

-459

,82

68
p
p
p
p

399
136
263
118

i

p-218 j
i

i
232 -1,158
* 946
239
-214
-241
-618
-845
-231
tS( e corresr on ding i lotc on p S-l.
ncludes i nventor v valuati on ad jus rnent.
913
by con
®1 ersonal outlays comprise persona 1 consuniption e.cpenditu res, intei*est paid
)ersonal transfer f ayments to foreig ners.
suni(jrs, and \
§P ersonal s£iving is (excess of iisposabl e income over per sonal ou tlays.
cfl VI ore coniplete de tails are given in the quarterly rev iews in t he Mar. June, Se pt., and
<• Correc ted.
Dec. issues of the SITR VEY,


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