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SURVEY OF CURRENT BUSINESS

10

March 1972

NATIONAL INCOME AND PRODUCT TABLES
1970
1970

1971

III

1971
IV

II

1970
III

IV

1970

1971

III

Seasonally adjusted at annual rates

1971
IV

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)

974.1 1,046.8

Nonresidential

Residential structures _

Change in business inventories
Nonfarm _
_.
».
Farm ._

491 8

477 9

474 2

484 8

489 4

740 7
494 3

751 3

677 2

475 9

100.5
278.6
282.9

90.4
265.5
265.0

84.9
270.9
268.9

96.6
273.2
275.0

99.1
277.8
280.5

102.8
280.2
285.8

103 6
283 3
290 3

81 4
207.3
187.2

89.5
211. 4
190.9

82 8
207 3
187.9

76 6
209 7
187.9

85 9
210 0
188 9

87 8
211 5
190 1

91 2
211 6
191 4

93 0
212 7
193 2

151.6

138.6

137.3

143.3

152.9

150.8

159 4

102.2

108.5

104 0

101 2

104 3

110 0

106 7

112 9

149.3

133.5

133.6

140.2

148.3

152 0

157 0

99 9

106 3

100 1

98 1

101 8

105 9

107 2

110 5

108.7
38.2
70.5

104.8
37.3
67.5

100.8
37.1
63 7

104.7
36.7
68.1

108.3
38.5
69.8

109.3
38.7
70 6

112 6
39 0
73 6

78.6
24.2
54 4

79.3
22.4
56.9

80.1
24.2
55 9

75.5
23.5
52 0

77 7
22 6
55 0

79 1
22.9
56 2

78 9
22 1
56 8

81 5
22.1
59 3

40.6
40.1
.5

28.7
28.1
.6

32.8
32.2
.6

35.4
35.0
.4

40.0
39.5
.5

42.7
42.1
.6

44 4
43 8
.6

21.3
20.9
.4

27.0
26.7
.4

20.0
19.5
.4

22.6
22.2
.4

24.1
23.8
.3

26.7
26.4
.3

28 3
27.9
.4

29.0
28.6
.4

2.2
1.7
.5

5.1
4.7
.3

3.7
3.3
.4

3.1
2.9
.2

4.6
4.1
.5

-1.2
-2.0
.8

24
2.0
.5

2.3
2.0
.3

2.1
1.7
.5

3.9
3.6
.3

3.1
2.8
.4

2.5
2.3
.2

4.1
3.6
.5

-.5
-1.2
.7

2.4
1.9
.5

498 9

36

Government purchases of goods and services.

4.0

2.7

4.7

.1

.0

—4 6

2.4

—.1

3.2

2.1

30

-5

1

-3.0

65.3
65.3

63.7
59.7

63.2
60.5

66.2
61.5

66.5
66.4

68.2
68.2

60.4
65.0

42.2
59.8

52.1
52.2

52.4
49.2

51.9
49.8

52.9
49.8

53.1
53.7

54.5
54.4

47.7
50.8

219.4

_

.0

'62.9
59.3

Net exports of goods and services
Exports
Imports

735 8

668 8

2.8
2.5
.3

1

Farm _.

729 7

657 4

30.4
29.7
.6

.

Producers' durable equipment

715 9

644 9

102.1
36.8
65.4

Fixed investment

723 3

624 7

135.3

Gross private domestic investment

739 4

620 9

88.6
264.7
262.5

.

988.4 1, 020. 8 1, 040. 0 1 053 4 1 072 9 720 0

662 1

132.5

Durable goods
Nondurable goods
Services

983.5

615 8

Gross national product .
Personal consumption expenditures

233.0

220.1

223.7

227.9

229.6

233. 8

240.8

139.4

139.2

138.2

138.3

_.

137.6

137.0

139.6

142.6

96.0
71 4
24.6

97.6
70 2
27 4

100 3
71 4
28 9

65.4

62.2

63.8

63.2

61.3

60.7

62.7

64.0

133.6

136.2

140.5

74.0

77.0

74.3

75.2

76.3

76.3

76.8

78.6

97.2
75 4
21 9

..

State and local

97.6
71.4
26.2

96.1
74 2
21.9

95.9
73 2
22.7

122.2

Federal
National defense
Other

96.4
72 6
23.7

135.5

124.0

127.9

131.6

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

_ __

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

_
.. .

729.7

735.8

740.7

751.

719.4
3.9

712.8
3.1

727.2
2.5

731.7
4.1

741.2
.5

748.
2.

494.3

474.9

467.7

485.5

490.8

496.2

504.5

383.0

333. 6

387.2

376.7

388.1

390.2

394.4

401.

492.0
2.2

469.8
5.1

464.0
3.7

482.4
3.1

486.2
4.6

497.4
-1.2

502.0
2.4

380.7
2.3

391. 5
2.1

383.3
3.9

373.6
3.1

385.6
2.5

386.1
4.1

394.9
—.5

399.
2.

194.1
193.7
.4

189.6
184 9
4.7

169.7
173.1
-3.4

192.8
189.4
3.5

193.0
190.6
2.3

193. 9
196.4
-2.5

196.6
198.4
—1.8

156.1
156.8
—.6

163.9
163.4
.5

163.7
160.0
3.7

144.4
147.5
-3.1

162.4
159.6
2.8

162.3
160.2
2.2

163.7
165.3
-1.6

167.
168.
— 1.

300.2
298.3
1.9

285. 3
284.9
4

297.9
290.9
71

292.7
293.1
-.4

297.8
295.5
2.3

302.3
301.0
13

307.9
303.6
4.3

226.9
223.9
30

229.7
228.1
1.6

223.5
223.3
.2

232.3
226.1
6.2

225.7
226.0
—.3

227.8
225.9
2.0

230.7
229.6
1.1

234.
230.
3.

443.3

413.7

420.6

432.3

441.0

446.3

453.6

273.4

278.6

273.9

274.5

276.2

278.4

278.9

280.

95.5

-

715.9

737.3
2.1

410.3

Durable goods
Final sales
C hange in business inventories

723.3

717.7
2.3

288.1
284.7
34

Final sales
_
__
Change in business inventories

739.4

984.7 1,017.7 1, 035. 4 1,054.6 1, 070. 4
3.1
2.4
3.7
4.6
1.2

180.2
180 8
-.6

Goodsoutput.

988.4 1, 020. 8 1, 040. 0 1, 053. 4 1, 072. S 720.0

978.4
5.1

465.5
28

- .-

983.5

971.3 1, 044. 5
2.8
2.2

-

974.1 1,046.8

468.3

Gross national product

Final sales _
Change in business inventories

109.2

94.9

100.1

102.9

108.2

110.8

114.7

63.6

S7.2

62.2

64.7

65.4

67.2

67.3

68.

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

974 1 1, 046. 8

Nonfarm
Farm

988.4 1, 020. 8 1, 040. 0 1, 053 4 1, 072. 9

720.0

739.4

723.3

715.9

729.7

735.8

740.7

751.

922.7

868.3

871.6

899.2

916.9

928.9

945.9

659.4

678.3

662.8

655.4

668.9

674.9

679.4

689.

880.7
850.7
30.0

831.3
804.1
27.1

833.5
806.4
27.1

859.2
831.1
28.1

874.6
845.7
28.9

886.9
856. 1
30.8

902.1
870.0
32.0

638.5
614.6
23.9

655.3
629.7
25.6

641.8
618.6
23.2

634.1
609.2
24.9

646.6
621.7
24.9

651.4
626.4
25.0

656.9
630.1
26.8

666.
640.
25.
18.

_.

Households and institutions
Rest of the world
_

.

.

823.4
795.2
28.2

.

.

31.7

35.5

32.1

33.0

34.2

35.0

35.9

36.8

17.0

17.8

17.0

17.1

17.6

17.7

17.8

46

.

General government .

983 5

859.8

Gross national product
Private...

6.5

4.8

5.1

5.8

7.3

6.0

7.0

4.0

5.2

4.0

4.2

4.7

5.8

4.7

5.

114.4

124.0

115.2

121.5

123.1

124.5

127.0

60.6

81.1

60.5

60.5

60.8

60.9

61.3

61.

116.8

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. BE A will provide
on request a reprint of final data for the years 1964-67.




BUSINESS STATISTICS

JLHE STATISTICS here update series published in the 1971 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (available from the Superintendent of Documents for $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, 1967 through 1970 (1960-70 for major quarterly
series), annually, 1947-70; for selected series, monthly or quarterly, 1947-70 (where available). Series added or significantly revised after the 1971
BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively; certain revisions for 1970 issued too late for
inclusion in the 1971 volume appear in the monthly SURVEY beginning with the September 1971 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 1971 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.
1969
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown in
the 1971 edition of BUSINESS STATISTICS

1970

1971

1968
IV

Annual total

I

II

1971

1970

1969

III

IV

I

II

| III

IV

I

|

II

III J IV

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
Gross national product, total

bil.$__

929.1

974.1 1, 046. 8

890.2

906.4

956.0

921.8

940.2

594.2

604.0

948.0

983.5

988.4 1,020.8 1,040.0

1,053.4

1,072.9

613.8

620.9

624.7

644.9

657.4

668.8

677.2

968.5

do

579.6

615.8

662.1

552.5

564.3

575.8

584.1

Durable goods total 9
do
Automobiles and parts
___
do
Furniture and household equipment _ _ do

89 9
40.4
36.3

88 6
37.1
37.4

100 5
46.2
39 6

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

96.6
43.8
38.8

99.1
45.3
39.4

102.8
48.2
39.6

103 6
47.6
40 8

247 6
50.3
122.5
21 1

264 7
52.6
131.8
22 9

278 6
57 0
136.5
24 4

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

273 2
55 4
134.4
23 8

277. 8
57. 0
136.3
23 8

280.2
57.4
137. 3
24 5

283 3
58 0
138 1
25 4

242.1
33.7
84.0
16.5

262.5
36.1
91.2
17.9

282.9
39.2
99.7
19.1

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 5
18.6

280.5
38.9
98.7
19. 0

285 8
39 9
100. 7
19.2

290 3
40 5
102 8
19.6

Personal consumption expenditures, total

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

_
t

do
do
do_
do

-

do
_ _ _ _ .do
do_
do_ _

_

137.8

135.3

151.6

130.7

134. 3

137.0

141.8

138.0

131.2

134.1

138.6

137.3

143 3

152 9

150 8

159 4

do
do
- -do
_ _ _do_
do
do
do
do.

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

149.3
108.7
38.2
70.5
40.6
40.1
2.2
1.7

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 2
104 7
36 7
68 1
35 4
35 0
31
29

148 3
108 3
38 5
69 8
40 0
39 5
4Q
4 1

152 0
109 3
38 7
70 6
42 7
42 1
12
20

157 0
112 6
39 0
73.6
44.4
43 8
24
20

do
do
__do_

2.0
55.6
53.6

3.6
62.9
59.3

.0
65.3
65.3

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

"N 2.7
63.2
60.5

4 7
66 2
61 5

I
66 5
66 4

0
68 2
68 2

-4.6
60 4
65 0

Govt. purchases of goods and services, totaL.do
Federal
_ _ _ .
_ _ _ _
__do_
National defense
do
State and local
do

209.7
99.2
78.4
110.6

219.4
97.2
75.4
122.2

233.0
97.6
71.4
135.5

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

227.9
96 4
72 6
131 6

229.6
96 0
71 4
133 6

233.8
97 6
70 2
136 2

240.8
100.3
71.4
140 5

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

921. 7
449.9
180.9
269.0
377.4
94.4

971. 3 1, 044. 5
465.5 492.0
193.7
180.8
298.3
284.7
410.3 443.3
109.2
95.5

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

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
30
2.8

.4
—1.8
2.2

2.1
—2.0
4.0

5.1
4.7
.4

984 7 1,017.7 1,035.4 1,054.6 1,070.4
486.2
497.4 502.0
482.4
464.0
198.4
196.4
190.6
189.4
173.1
303.6
301.0
295.5
293.1
290.9
441.0
446.3 453.6
420.6
432.3
114. 7
110.8
102.9
108. 2
100.1
2.4
-1.2
4.6
3.7
3.1
-1.8
-2.5
-3.4
2.3
3.5
4.3
1.3
2.3
7.1
—.4

721.4

724 2

727 8

725 2

719 8

721 1

723 3

715. 9

729 7

735.8

740.7

751.3

474.2

494.3

498.9

93.0
212.7
193.2

Gross private domestic investment, total _ -do
Fixed investment
Nonresident ial
Structures
Producers' durable equipment
Residential structures
_ _
Nonfarm
Change in business inventories
Nonfarm
_
_
Net exports of goods and services.
Exports Imports
_ _ _ ___ _ _

_

do
__do_
do____
_ do_
do
do_

_
_ _
_

7.4
4.5
2.9

2.8
—.6
3.4

2.2
.4
1.9

bil $

724.7

720 0

739 4

716 5

do

469.3

475.9

491.8

460.2

465.7

469.0

469.9

472.6

474.4

477.1

477.9

484. 8

489.4

do
do
.do

Change in business inventories.. _
Durable goods
Nondurable goods
_ _

84 8
202.7
181.8

81 4
207.3
187.2

89 5
211 4
190 9

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

85 9
210 0
188. 9

87.8
211.5
190.1

91.2
211. 6
191.4

109.6

102.2

108.5

107.7

108. 4

109.4

112. 4

108.2

101.0

102.7

104. 0

101.2

104.3

110.0

106.7

112.9

107.2
78.9
28.3
-.5

110.5
81. 5
29.0
. 2.4

do
do
do

GNP In constant (1958) dollars
Gross national product, total
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____
do
do
do
-do

_

do

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

• Revised.

* Preliminary.




103 2
80 1
23 1
6.4

99 9
78 6
21.3
2.3

106
79
27
2

3
3
0
1

100 3
76.6
23.7
7.4

.1

2.4

— .1

139. 4
65 4
74.0

139.2
62 2
77.0

149.0
78 1
70.9

105 9
79 1
26.7
4.1

103 5
79 1
24.4
5.8
-.3

.6

.6

1.7

2.6

3.2

2.1

3.0

— 5

.1

147.8
76 3
71.4

146.1
73 9
72.1

144.8
73 2
71.6

143.8
71 6
72.2

142.6
69 4
73.2

138.7
65 3
73.4

138.2
63 8
74.3

138.3
63.2
75.2

137.6
61.3
76.3

137.0
60.7
76.3

139.6
62.7
76.8

-.3

145.6
73 8
71.9

98.1
75.5
22.6
3.1

102 8
78.6
24.1
5.7

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

101 8
77 7
24 1
25

9 Includes data not shown separately.

s-1

-3.0
142.6
64.0
78.6

SURVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown in
the 1971 edition of BUSINESS STATISTICS

1969

1971

| 1970

Annual total

1969
II

III

March 1972

1970
IV

I

II

1971
IV

III

I

II

1972
III

IV

I

II

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

763.7

795. 9

P 851. 1

758.9

771.7

778.2

785.8

793.4

802.2

802.1

831.7

847.3

855.2 "870.3

Compensation of employees, total

do

565.5

601.9

641.9

559.1

573.6

583.6

593.2

598.5

606.5

609.3

627.3

638.0

645.6

656.6

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

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

574.2
450.4
18.6
105.2
67.7
68.3
52.1
16.3
24.3

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

561.4
440. 3
19.2
101.8
65.9
66.4
51.6
14.8
23.8

571.0
448.4
18.6
104.0
67.0
67.2
51.9
15.2
24.2

577.3
452.3
18.0
106.9
68.3
69.2
52.3
17.0
24.5

587.0
460.3
18.6
108.1
69.6
70.5
52.5
18.1
24.6

78.6

70.8

"81.0

80.7

78.0

73.3

69.8

71.5

73.0

69.0

79.5

82.5

80.0

"82.2

12.1
66.5
36.0
17.5
18.4

12.8
58.1
29.5
16.6
13.0

"14.0
"67.0
"34.4
"18.0
"16.4

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

14.2
65.3
34.4
17.2
17.2

13.7
68.9
35.0
18.1
17.0

14.2
65.8
33.0
18.1
14.8

"14.0
"68.2

10.0
20.6

8.0
20.5

"8.5
"24.1

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

8.4
22.5

8.5
25.3

8.5
24.3

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

"85.5
"37.8
"47.6
25.5
"22.1
-4.4
35.6

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

83.0
38.3
44.8
25.6
19.2
-3.5
34.8

86.9
39.1
47.8
25.4
22.4
—4.4
35.4

85.8
37.5
48.2
25.7
22.5
-5.8
35.9

"86.2
"36.4
"49.8
25.3
"24.5
-4.0
36.4

750.3
116.2
634.2
596.3
37.9

803.6
115.9
687.8
633.7
54.1

857.0
115.8
741.3
680.7
60.5

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

833.5
111.6
722.0
663.3
58.6

853.4
113.8
739.6
676.0
63.6

864.6
116.0
748.5
687.6
61.0

876.7
121.7
755.0
696.0
59.0

75.56
31.68
15.96
15.72

79.71
31.95
15.80
16.15

81.21
29.99
14.15
15.84

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
7.55
3.52
4.03

20.14 ' 22. 79
7.31 '8.44
3.40 '4.12
3.91 '4.32

1 19. 56
'7.03
'3.43
'3.60

i 22. 49
8.16
4.01
4.15

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

51.22
2.16
1.67
1.88
1.38
15.30
12.86
2.44
10.77
18.05

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
.54
.47
.60
.36
3.83
3.20
.63
2.81
4.44

12.83 ' 14. 35
'.59
.55
.45
.42
'.56
.39
'.37
.37
' 4. 29
4.07
3.35 '3.60
'.69
.71
2.84
2.62
'5.26
4.42

' 12. 53
'.53
'.45
'.52
'.35
'3.60
' 3. 15
'.45

14.33
.54
.42
.78
.35
4.31
3.60
.72

' 2 7. 08

27.92

do
do
do
do

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
30.12
14.06
16.06

do
do
do
do
do
do
do
_.do__.
do
do

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

' 83.
80.75 ' 30.18 '187.54 i 89. 09
29. 19 ' 14. 35 ' 31. 92 32.52
61 ' 15. 62 15.98
13.76 r
15. 74 ' 16. 30 16.54
15. 43
51. 56 ' 52. 82 ' 55. 62 56.57
' 2. 22
2.12
2.23 '2.30
1.64
'1.90
1.67
1.72
'2.26
'2.02
2.96
1.68
1.35
1.48 '1.33 '1.67
15.87 ' 15. 74 ' 16. 90 16.78
' 13. 01 ' 14. 17
14.18
13.56
2.60
' 2. 73
2.30 '2.74
10.44
10.73
17.85 ' 19. 10 '230.90 '231.70

14, 222
9,490

14,574
9,602

14,811
9,888

15,374
10,241

15, 806
10, 582

15,930
10, 696

P 1, 942

329

442

336

274

447

327

15, 795 ' 16, 539 '16,628 '17,087 " 15, 678
10, 461 11, 016 10, 706 11, 475 " 9, 572
"41
468
547
510
433

11,409 f 12, 711
8,034 P 8, 510

2,585
1,818

2,716
1,814

2,767
1,820

2,925
1,934

'2,790
1,986

2,855
2,052

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 INCOME
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:
All industries
bil. $ .
Manufacturing
do
Durable goods industries K
.do
Nondurable goods industries J
do
Nonmanufacturing..
Mining. _
_
Railroad
Air transportation
Other transportation
Public utilities
Electric ._
Gas and other.
Cornmunication
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
C ommunication
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
55,600
military grants)
mil $
Merchandise, adjusted, excl . military
do-__ 36, 490
Transfers under U.S. military agency sales con1,515
tracts
mil $
Receipts of income on U.S. investments
abroad..
mil. $. 10, 539
7,056
Other services
.
do
Imports of goods and services
do
Merchandise, adjusted, excl. military d o _ _ _
Direct defense expenditures
do. _ _
Payments of income on foreign investments in the
U.S
mil. $.
Other services
do

62,903 p 65, 932
41, 980 P 42, 769
1,480

2,904
2,109

3,248
2,127

2,975
2,169

-53, 589 -59,311 v -65,23 -13, 926 -13,866 -14, 142 -14, 493 -14, 761 -14, 935 -15, 125 '-15,38 '-16,62 '-17,03
-35, 830 -39,870 v -45,64 -9, 566 -9,278 —9,397 -9,728 -9,831 -9,992 -10,319 -10, 768 -11, 767 -12, 015
-4,856 -4,851 p-4, 796 -1,187 -1,221 —1,251 -1,182 -1,255 -1,211 -1,203 -1, 174 -1,214 -1, 190
— 4, 56^ -5,167 p-4, 763 -1,078 -1,242 —1,315 -1,348 -1,322 -1,284 -1,213 -1,115 -1, 072 -1, 273
-8,339 -9,425 p-10,027 -2,095 -2, 125 —2, 179 -2,235 -2, 353 -2,448 -2,390 -2, 332 -2, 569 -2, 553

3,592
296
708
Balance on goods and services, total
do. . . 2,011
P699
324
2,110 "-2. 879
-76
Merchandise
do..660
' Revised.
P Preliminary.
1 Estimates (corrected for systematic biases) for Jan.Mar. and Apr.-June 1972 based on expected capital expenditures of business. Expected expenditures for the year 1972 appear on p. 20 of the Mar. 1972 SURVEY.
2 Includes communication.
9 Includes inventory valuation adjustment.
©Personal outlays comprise personal consumption expenditures, interest paid by consumers, and personal transfer




2,839
2,062

1,045
669
881
751
491
513
payments to foreigners.

"3,58
" 2, 10

-16,19
-11,09
-1,21
-1,30
-2,57

'56 p -51
'6
670 ' 1, 150
995
-540 p-1,52
248 -1, 061
142
704
§ Personal saving is excess of disposable income over personal

0
Vl)ata for individual durable and nondurable goods industries components appear in the
Mar., June, Sept., and Dec. issues of the SURVEY.
cTMore complete details appear in tne
quarterly reviews in the Mar., June, Sept., and Dec. issues of the SURVEY.

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