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SURVEY OF CURRENT BUSINESS December 1971 NATIONAL INCOME AND PRODUCT TABLES 1970 1969 1970 II III 1971 IV II 1970 III 1969 III II 1970 1971 IV II III Seasonally adjusted at annual rates 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) Gross national product 929 1 974 1 968 5 983.5 988 4 1,020.8 1,043.1 1 060.8 724 7 720 0 721 1 723 3 715 9 729 7 738 4 745 5 Personal consumption expenditures 579.6 615.8 613.8 620.9 624.7 644.6 660.9 672.5 469.3 475.9 477.1 477.9 474.2 484.8 492.3 496 5 89 9 247 6 242 1 88 6 264.7 262 5 90 7 262.9 260 2 90 4 265 5 265 0 84 9 270 9 268 9 97.6 272.0 276 0 100.8 279.8 280 4 104.7 84 8 282.0 202 7 285 7 181 8 81.4 207.3 187 2 83 8 206.6 186 8 82 8 207 3 187 9 76 6 209 7 187 9 86 7 209 2 188 8 89 2 213.2 190 0 92 0 213 2 191 3 Durable goods . . . Nondurable goods.. Services 137.8 135.3 134.1 138.6 137.3 143.8 152.4 153.6 109.6 102.2 102.7 104.0 101.2 104.7 109.9 109 0 130 4 132 5 132 1 133 5 133 6 140 6 146.7 152 5 103 2 99 9 100 7 100 1 98 1 102 1 105 0 107 6 Nonresidential Structures . Producers' durable equipment. . 98 6 34 5 64 1 102 1 36 8 65 4 102 1 36 6 65 6 104 8 37 3 67 6 100 8 37 1 63 7 104 3 37 9 66.3 107.0 38.2 68.8 109 3 39.1 70.1 80 1 24 5 55.7 78 6 24.2 54.4 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 79 2 22 8 56 3 Residential structures Nonfarm Farm 31 8 31.2 .6 30 4 29.7 .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 43.3 42.7 23 1 22.6 21 3 20.9 21 3 20.8 20 0 19.6 22 6 22.2 24 6 24.2 26.4 26.0 28 5 28.0 74 7.3 1 28 2.5 3 2.1 1.8 3 51 4.7 3 3.7 3.3 4 3.2 3.0 2 5.7 5.2 .5 1.1 .3 .8 64 6.3 .1 2.3 2.0 .3 2.0 1.7 .3 3,9 3.6 3 3.1 2.8 4 2.6 2.4 2 4.9 4.4 .5 13 .6 7 Gross private domestic investment Fixed inv^sfm^nt Change in business inventories. Nonfarm Farm Net exports of goods and services.. _. Exports Imports. Government purchases of foods and services Federal National defense Other ... State and local . 2.0 3.6 4.2 4.0 2.7 4.2 —.5 .5 .1 2.4 2.6 3.2 2.1 2.6 -i.o .5 55 6 53.6 62.9 69.3 63.2 59.0 63.7 59.7 63.2 60.6 66.1 61.9 66.4 66.9 68.9 68.4 48.5 48.3 52.2 49.8 52.8 60.1 52.4 49.2 61.9 49.8 52.8 50.1 53.0 54.0 55.1 54.5 209.7 219.4 216.5 220.1 223.7 228.2 230.2 234.2 145.6 139.4 138.7 138.2 138.3 137.6 137.1 139.5 99 2 78 4 20 7 97 2 75.4 21 9 96 8 75.1 21 6 96 1 74.2 21 9 95 9 73.2 22 7 96 7 73.0 23 7 95.7 71.8 23.9 97.4 70.8 26.6 73.8 65.4 65.3 63.8 63.2 61 5 60.5 62 5 110.6 122.2 119.7 124.0 127.9 131.5 134.5 136.8 71.9 74.0 73.4 74.3 75.2 76.1 76.6 77.0 Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5) 929.1 974.1 968.5 983.5 988.4 1,020.8 1,043.1 1, 060. 8 724.7 720.0 721.1 723.3 715.9 729.7 738.4 745. 921.7 7 4 971.3 2 8 966.5 21 978.4 51 984.7 1, 017. 6 1, 037. 4 1, 059. 7 718.2 5.7 1.1 6.4 32 37 717.7 719.1 719.4 712.8 727.1 744. 2.0 3.9 3.1 2.6 733.5 4.9 457.3 468.3 468.6 474.9 467.7 483.2 494.6 501.3 389.9 383.0 385.4 387.2 376.7 386.6 393.3 397. Final sales . . Change in business inventories 449 9 465 5 466 6 469.8 5.1 464 0 3.7 480.0 3.2 488.9 5.7 500.2 383.4 1.1 6.4 380.7 2.3 383.4 2.0 383.3 3.9 373.6 3.1 384.0 2.6 388.5 4.9 396. 2.1 Durable goods Final sales Change in business inventories 185 3 180.9 4 6 180 2 180.8 — 6 181 8 183.7 —2 0 189.6 184.9 191.8 188.0 194.2 191.5 197.4 165.9 198.0 162.1 156.1 156.8 163.7 160.0 3.7 144.4 147.5 —3.1 161.9 168.7 165. 165. —.6 158.8 160.3 —1.5 163.4 161.1 4.7 169 7 173.1 —3 4 Nondurable goods Final sales Change in business inventories .. 272.0 269 0 288.1 284 7 286.9 282 9 4.0 285.3 284.9 .4 297.9 290 9 7.1 291.4 292.0 300.4 297.4 3.0 303.8 224.0 302.2 221.4 1.6 2.6 226.9 223.9 3.0 226.7 223.1 3.6 223.5 223.3 .2 232.3 226.1 6.2 224.7 225.3 —.6 230.0 227.4 2.6 231. 230. 1 273.4 272.3 273.9 274.5 276.1 277.6 278.1 63.6 63.4 62.2 64.7 67.0 67.4 69. Gross national product Final sales Change in business inventories Goods output. 7.4 Services Structures.. 2.9 2.8 3.4 3.8 2.7 -.5 3.8 377.4 410.3 406.2 413.7 420.6 432.3 439.8 446.1 267.8 94.4 95.5 93.7 94.9 100.1 105.2 108.6 113.4 67.0 2.3 3.2 2.3 1. 1. .( l.< Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8) Gross national product. . Private Business Nonfarm Farm Households and institutions Rest of the world General government ... 929.1 974.1 968.5 983.5 988.4 1,020.8 1,043.1 1, 060. 8 724.7 720.0 721.1 723.3 715.9 729.7 738.4 745. 825.3 859.8 854.8 868.3 871.6 899.5 920.1 936.4 664.0 659.4 660.4 662.8 655.4 669.0 677.5 684. 792.6 764 5 28.0 823.4 795 2 28.2 819.7 790 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 28.9 894.5 643.5 863.7 619.3 30.8 24.2 638.5 614.6 23.9 640.1 616.1 23.9 641.8 618.6 23.2 634.1 609.2 24.9 646.9 622.0 24.9 654.1 629.0 25.0 661. 634. 26. 28.5 31.7 31.0 32.1 33.0 34.2 35.0 35.9 16.5 17.0 16.8 17.0 17.1 17.6 17.7 17. 43 4.6 4.1 4.8 5.1 5.6 7.2 5.9 4.0 4.0 3.6 4.0 4.2 4.5 5.8 4. 103.8 114.4 115.2 116.8 121.3 122.9 124.5 60.7 60.6 60.7 60.5 60.5 60.8 60.9 61. 113.8 NOTE.—The national income and product account estimates do not yet reflect the provisions of the Revenue Act of 1971 that was signed into law in December. HISTORICAL STATISTICS National income and product data for 1929-63 are in The National Income and Product Accounts of the United States, 1929-1966, 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. CURRENT BUSINESS STATISTICS X 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 $3.00) provides a description of each series, references to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1965 through 1968 (1958-68 for major quarterly series), annually, 1939-68; for selected series, monthly or quarterly, 1947-68 (where available). Series added or significantly revised after the 1969 BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (t), respectively; certain revisions for 1968 issued too late for inclusion in the 1969 volume appear in the monthly SURVEY beginning with the September 1969 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding to revised annual data are available upon request. The sources of the data are given in the 1969 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and are also listed alphabetically on pages 189-90. Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided through the courtesy of the compilers, and are subject to their copyrights. 1968 Unless otherwise stated in footnotes below, data through 1968 and descriptive notes are as shown in the 1969 edition of BUSINESS STATISTICS 1969 III Annual total 1969 1968 1970 IV i | ir 1970 III IV I II | 1971 III IV i | n III Seasonally adjusted quarterly totals at annual rates GENERAL BUSINESS INDICATORS—Quarterly Series NATIONAL INCOME AND PRODUCT bil.$-_ 864.2 929.1 974.1 875.2 890.2 906.4 921.8 940.2 948.0 956.0 968.5 983.5 988.4 1,020.8 1, 043. 1 1,060.8 do 536.2 579.6 615.8 544.0 552.5 564.3 575.8 584.1 594.2 604.0 613.8 620.9 624.7 644.6 660.9 672.5 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 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 40.4 104.7 49.2 40.6 Nondurable goods, total 9 Clothing and shoes. __ _ Food and beverages Gasoline and oil 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 22.9 233.6 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 24.3 282.0 57.3 139.2 25.0 221.3 31.2 77.3 15.5 242.1 33.7 84.0 16.5 262.5 36.1 91.2 17.9 224.1 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 18.9 285.7 39.7 100.7 19.1 Gross national product, total f Personal consumption expenditures, total Services, total 9 Household operation Housing ... _ Transportation ._ _ _ .-- do .. do ._ .do __ do 126.0 137.8 135.3 126.2 130.7 134.3 137.0 141.8 138.0 131.2 134.1 138.6 137.3 143.8 152.4 153.6 118.9 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 2.5 118.5 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 3.0 146 7 107.0 38.2 68.8 39.7 39.1 5.7 5.2 152.5 109.3 39.1 70.1 43.3 42.7 1.1 .3 2.5 50.6 48.1 2.0 55.6 53.6 3.6 62.9 59.3 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 -.5 66.4 66.9 .5 68.9 68.4 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 75.4 122.2 201.6 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 73.0 131.5 230.2 95.7 71.8 134. 5 234.2 97.4 70.8 136.8 By major type of product: f Final sales, total _ _ Goods, total Durable goods Nondurable goods Services _ Structures _ 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 95.5 867.5 428.9 172.4 256.5 351.4 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. 4 488.9 480.0 464.0 191.5 188.0 173.1 297.4 292.0 290.9 432.3 439.8 420.6 108.6 105.2 100.1 1,059.7 500.2 198.0 302.2 446.1 113.4 7.1 4.9 2.1 7.4 4.5 2.9 2.8 -.6 3.4 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 1 4.0 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 . do do do _ _ . . Change in business inventories Durable goods Nondurable goods. do do _ do . do __ do do do do do 5.1 4.7 .4 3.7 -3.4 7.1 3.2 3.8 -.6 5.7 2.7 3.0 1.1 -.5 1.6 GNP in constant (1958) dollars Gross national product, total f Personal consumption expenditures, total Durable goods Nondurable goods _ Services bil $ 706.6 724.7 720.0 712.3 716.5 721.4 724.2 727.8 725 2 719.8 721.1 723.3 715.9 729.7 738.4 745.5 do 452.7 469.3 475.9 457.7 460.2 465.7 469.0 469.9 472.6 474.4 477.1 477.9 474.2 484.8 492.3 496.5 do do do 81.3 197.1 174.4 84.8 202.7 181.8 81.4 207.3 187.2 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 86.7 209.2 188.8 89.2 213.2 190.0 92.0 213.2 191.3 do 105.2 109.6 102.2 104.9 107.7 108.4 109.4 112.4 108.2 101.0 102.7 104.0 101.2 104.7 109.9 109.0 Fixed investment Nonresidential _. Residential structures Change in business inventories 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 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 4.9 100 7 79 3 21.4 .3 100 7 79.4 21.3 2.0 100 1 80.1 20.0 3.9 98 1 75 5 22.6 3.1 102.1 77.5 24.6 2.6 105. 0 78.7 26.4 4.9 107.6 79.2 28.5 1.3 Net exports of goods and services do . 1.0 .1 2.4 1.6 -.3 -.5 -.3 .6 .6 1.7 2.6 3.2 Gross private domestic investment, total Govt. purchases of goods and services, total.. do Federal .. do _. State and local do 147.7 145.6 139.4 149.0 148.0 65.4 78.4 78.1 78.1 73.8 69.6 70.9 71.9 74.0 69.7 T Revised. * Preliminary. t Revised series. Estimates of national income and product and personal income have been revised back to 1967 (see p. 13 fl. of the July 1971 SURVEY) ; http://fraser.stlouisfed.org/ 451-624 O - 72 - S-l Federal Reserve Bank of St. Louis 146.1 138.2 147.8 142.6 138.7 144.8 143.8 76.3 69.4 73.9 73.2 65.3 71.6 63.8 71.4 72.1 73.2 73.4 71.6 72.2 74.3 revisions prior to May 1970 for personal income appear on p. 9 Includes data not shown separately. 2.1 138.3 63.2 75.2 22 ff. of 2.6 -1.0 .5 139.5 137.1 137.6 60.5 62.5 61.5 77.0 76.6 76.1 the July 1971 SURVEY. s-i SURVEY OF CURRENT BUSINESS S-2 1968 Unless otherwise stated in footnotes below, data through 1968 and descriptive notes are as shown in the 1969 edition of BUSINESS STATISTICS 1969 1970 Annual total 1969 I II December 1971 1970 III IV I II III i IV i 1971 ' 1972 ii j in 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 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 711.1 763.7 795.9 745.9 758.9 771.7 778.2 785.8 793.4 802.2 802.1 828.3 844.5 ••854 1 514.6 565.5 601.9 545.9 559.1 573.6 583.6 593.2 598.5 606.5 609.3 627.9 639.5 647.7 464.9 369.2 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 23.3 491.8 391.8 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 24.2 579.0 454.0 18 0 106.9 68.7 68 8 51.8 17.0 24 5 84.3 78.6 70.8 82.7 80.7 78.0 73.3 69.8 71.5 73.0 69.0 75.5 78 3 ••76 7 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 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 14.2 '62 5 31.9 17.6 14 3 10.6 20.7 10.0 20.6 8.0 20.5 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 77 23.6 78 22 7 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 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 ••83.1 37 9 ••45 2 25 7 T 19 6 64 36 4 688.9 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 54.1 726.8 113.6 613.2 580.4 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 60.9 866 1 116.9 749 2 691 5 57 7 67.76 28.37 14.12 14.25 75.56 31.68 15.96 15.72 79.71 31.95 15.80 16.15 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 6 69 3 11 3 58 20 60 r 20 14 ri 23 04 i 7 55 r 7 31 ' 8 66 3.52 Tr 3 40 ' 4 26 4.03 3 91 ' 4 40 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 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 .49 34 34 .28 3 11 2 70 .41 2 50 3 94 13 06 ' 12 83 ' 14 38 12 61 r .54 50 ' 56 55 r .47 ' 45 50 42 r .60 54 39 57 .36 33 ' 37 ' 36 3.83 '4.07 '4.19 3 48 3 20 ••3 35 ' 3 54 3 05 r .63 .71 ' .65 43 2.81 2 62 4.44 r 4 42 ' 2 8.28 2 7 24 do do do do 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 30 46 14.21 16.25 81.61 'SO 75 rl 84 02 1 87 14 30. 12 ' 29 19 '31 12 31 26 14.03 ' 13 76 ' 15 11 15 94 16.06 r 15. 43 ' 16.01 15.31 do do do do do do do do do 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 44.80 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 2.08 1.88 2.28 1.40 14.91 12.61 2.30 11.21 17.72 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 15, 795 10, 461 do ..do do do. . do do do __do_ __ do 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 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 :J All industries bil. $ Manufacturing do Durable goods industries 1 . do . Nondurable goods industries 5 - -do 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 1 Nondurable goods industries 5 Nonmanufacturing Mining Railroad Air transportation Other transportation Public utilities Electric Gas and other Communication do .do do _ do do do do _ do do do U.S. BALANCE OF INTERNATIONAL PAYMENTSc" Quarterly Data Are Seasonally Adjusted (Credits -f; 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 8,034 407 329 442 336 274 447 327 433 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 '51.56 ' 52 90 '2.23 ' 2 18 ' 1 72 ' 1 64 ' 1.68 '2.20 ' 1.48 ' 1 30 ' 15. 87 ' 15 37 ' 13 56 ' 12 78 '2.30 ' 2.58 10.73 ' 17.85 '2 30. 20 2 19 6 3 3 48 88 50 38 55.88 2.09 2 12 2.18 1 60 16.32 13 71 2.61 31. 57 16,547 ' 16, 636 v 17,054 11, 030 ' 10, 720 pll,481 ••545 P466 2,897 r 3, 241 2,113 '2,130 p 2, 898 507 ^2,209 —48 134 -53 589 -59,311 -11, 657 -13, 926 -13, 866 -14, 142 14, 493 -14, 761 -14, 935 -15, 125 -15,377 '-16,610 -17,060 —32 964 -35 830 -39,870 -7,589 -9,566 -9,278 —9, 397 -9,728 -9,831 -9, 992 -10, 319 -10,761 '— 11,760 -12,018 —4 535 -4,856 -4,851 -1,198 -1,187 -1,221 —1,251 -1,182 -1,255 -1,211 -1,203 -1,174 ••-1,214 -1,181 Imports of goods and services do Merchandise adjusted excl military do Direct defense expenditures do Payments of income on foreign investments in the -929 -1,078 -1,242 — 1, 315 -1,348 -1,322 — 1,284 — 1,213 - 1, 114 '- 1, 072 - 1, 228 U.S mil $ —3 013 —4 564 -5, 167 -7,621 -8,339 -9,425 -1,941 -2,095 -2,125 —2, 179 -2,235 -2,353 -2,448 -2,390 -2, 328 '- 2, 564 -2,633 Other services do SURVEY. ®Personal outlays comprise personal consumption expenditures, interest Preliminary. i Estimates (corrected for systematic biases) for Oct.Revised. paid by consumers, and personal transfer payments to foreigners. §Personal saving is Dec. 1971 and Jan.-Mar. 1972 based on expected capital expenditures of business. Expected ex2 excess of disposable income over personal outlays. penditures for the year 1971 appear on p. 18 of the Dec. 1971 SURVEY. Includes comHData for individual durable and nondurable goods industries components appear in the munication. fSee corresponding note on p. S-l. 9 Includes inventory valuation adMar., June, Sept., and Dec. issues of the SURVEY. d"Revised; more complete details, justment. t Re vised series; explanation of revisions and annual and quarterly data back as well as revised quarterly data back to 1966, appear on p. 24 ff. of the June 1971 SURVEY. to 1947 appear on pp. 25 ff. of the Jan. 1970 SURVEY; see also pp. 19 fl. of the Feb. 1970