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SURVEY OF CURRENT BUSINESS

April 1972

13

NATIONAL INCOME AND PRODUCT TABLES
1970
1970

IV

1971

1972

1971
I

II

III

IV

1970

IP

1970

1971

IV

1971

Seasonally adjusted at annual rates

I

II

1972
III

IP

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)
Gross national product

_

_.

974.1 1,046.8

Gross private domestic investment. ...
Fixed investment

._

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

_

751.3

761.0

475.9

491.8

474.2

484.8

489.4

494.3

498.9

503.5

100.5
278.6
282.9

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

107.0
286.9
296.3

81.4
207.3
187.2

89.5
211.4
190.9

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

95.0
213.1
195.3

151.6

137.3

143.3

152.9

150.8

159.4

167.6

102.2

108.5

101.2

104.3

110.0

106.7

112.9

116.3

149.3

133. 6

140.2

148.3

152.0

157.0

167.1

99.9

106.3

98.1

101.8

105.9

107.2

110.5

116.0

108.7
38.2
70.5

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

118.1
39.4
78.7

78.6
24.2
54.4

79.3
22.4
56.9

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

84.6
21.7
62.9

40.6
40.1
.5

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

49.0
48.4
.6

21.3
20.9
.4

27.0
26.7
.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

31.4
30.9
.4

2.2
1.7
.5

3.7
3.3
.4

3.1
2.9
.2

4.6
4.1
.5

-1.2
-2.0
.8

2.4
2.0
.5

.6
.1
.5

2.3
2.0
.3

2.1
1.7
.5

3.1
2.8
.4

2.5
2.3
.2

4.1
3.6
.5

-.5
-1.2
.7

2.4
1.9
.5

.3
-.1
.4

-3.0

-3.5

3.6

.0

2.7

4.7

.1

.0

-4.6

-5.1

2.4

-.1

2.1

3.0

-.5

.1

_ _

62.9
59.3

65.3
65.3

63.2
60.5

66.2
61.5

66.5
66.4

68.2
68.2

60.4
65.0

69.5
74.5

52.2
49.8

52.1
52.2

51.9
49.8

52.9
49.8

63.1
53.7

54.5
54.4

Government purchases of goods and services
_

State and local

740.7

690.2

_ _

_

Federal
National defense
Other

735.8

677.2

2.8
2.5
.3

_.

729.7

668.8

30.4
29.7
.6

.

715.9

657.4

102.1
36.8
65.4

__

739.4

644.9

132.5

Nonresidential
_,
Structures
_.
Producers' durable equipment

720.0

624.7

135.3

...

. .

1103. 2

662.1

88.6
264.7
262.5

Durable goods
Nondurable goods
Services

988.4 1,020.8 1,040.0 1,053.4 1,072.9

615.8

Personal consumption expenditures

50.8

223.7

227.9

229.6

233.8

240.8

250.4

139.2

138.3

137.6

139. 6

142.6

97.6
71.4
26.2

95.9
73.2
22.7

96.4
72.6
23.7

96.0
71.4
24.6

97.6
70.2
27.4

100.3
71.4
28.9

105. 3
76.0
29.3

65.4

62.2

63.2

61.3

60.7

62.7

64.0

64.7

122.2

_

233.0

97.2
75.4
21.9

_._ ._

_
_

_.

54.2
57.7

4:7 A

135.5

127.9

131.6

133.6

136.2

140.5

145.1

74.0

77.0

75.2

76.3

76.3

76.8

78.6

80.1

735.8

740.7

751.3

761.

727 2
2.5

731.7
4.1

741.2
-.5

748.9
2.4

760.

219.4

139.4

137.0

144.8

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

_

_

Final sales
C hange in business inventories

974.1 1,046 8

988 4 1, 020. 8 1,040 0 1,053 4 1, 072. 9

1103. 2

1102

720.0

739.4
737.3
2.1

715.9

729.7

971.3 1,044 5
2.8
2 2

984 7 1 017 7 1 035 4 1 054 6 1,070 4
37
31
2.4
46
—1 2

468 3

494 3

467 7

485 5

490 8

496 2

504 5

517 3

383 0

393.6

376.7

388 1

390. 2

394.4

401.6

406.

465 5
28

492 0
22

464 0
37

482 4
31

486 2
46

497 4
—1 2

502 0
2.4

516 7
.6

380 7
23

391.5
2.1

373 6
3.1

385 6
25

386 1
4.1

394.9
-.5

339.3
2.4

406.

180 2
180 8
-.6

194 1
193 7
.4

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

209 8
209.2
.6

156 1
156 8
-.6

163 9
163.4
.5

144 4
147.5
-3.1

162 4
159.6
2.8

162 3
160.2
2.2

163.7
165.3
-1.6

167.1
168.4
-1.4

175.
175.

288 1
284.7
34

300 2
298.3
19

297 9
290 9
71

292 7
293.1
— 4

297 8
295 5
23

302 3
301 0
13

307.9
303.6
4 3

307.4
307.5
— i

226 9
223.9
30

229.7
228.1
1.6

232.3
226.1
62

225.7
226.0
-.3

227.8
225.9
2.0

230.7 234.6
229.6 230,8
3.7
1.1

230.
231.

_ _ _ _ _ ________

410. 3

443.3

420 6

432. 3

441.0

446 3

453.6

465.1

273.4

278.6

274.5

276.2

278. 4

278.9

280.8

283.

_

95 5

109 2

100 1

102 9

108 2

110 8

114 7

120 8

63 6

67.2

64.7

65! 4

67.2

67.3

68.8

__.

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
Structures

_. .

_

6
.6

717 7
2.3

712 8
3.1

71.

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
974 1 1 046 8

Business
Nonfarm. _ _ _ _ _ _
Farm
Household s and institutions
Rest of the world
General government

____

988 4 1 020 8 1 040 0 1 053 4 1 072 9

2

720 0

739.4

715.9

729.7

735.8

740.7

751.3

859 8

Gross national product
Private

922 7

871 6

899 2

916 9

928 9

945.9

917.2

659 4

678.3

655.4

668.9

674.9

679.4

689.8

699.

823 4
795.2
28 2

880 7
850.7
30 0

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

927.3
895.2
32.1

638.5
614.6
23.9

655.3
629.7
25. 6

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. 3
640.7
25.6

676.
652.
23.

31 7

35 5

33 0

34 2

35 0

35 9

36 8

37.9

17 0

17.8

17.1

17.6

17.7

17.8

18.1

18.

4.6

6.5

5.1

5.8

7.3

6.0

7.0

6.0

4.0

5.2

4.2

4.7

5.8

4.7

5.4

4.

116.8

121.5

123 1

124 5

127.0

132.0

60. 6

61.1

60.5

60.8

60.9

61.3

61.5

61,

114 4

124.0

1103

761.

Preliminary.

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.




CURRENT BUSINESS STATISTICS

J_HE 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

1969

1971

1970

I

II

Annual total

1971

1970

HI

IV

I

II

IV

HI

I

II

1972

III

IV

IP

1, 103. 2

Seasonally adjusted quarterly totals at annual rates

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

bil.$

_

Personal cons umption expenditures, total

929.

974.1 1,046

906.4

921.

940.

948.

956.

968.

983. 5

988.

1, 020. 8

1,040.0

1,053.

1,072.

do.__

579.6

615.8

662.

564.3

575.

584.

594.

604.

613.

620.9

624.

644.9

657.4

668.

677.

690. 2

Durable g oods, total 9— _ _ __ _•_
Automo biles and parts
Furnitu re and household equipment

do
do
do

89.9
40.4
36.3

88.6
37. 1
37.4

100.
46
39.

89.5
40 1
35.6

90.
39.9
37.0

89.4
40.4
36.2

90.3
41.0
36.2

88.6
37.8
37.3

90.
39.
37.

90.4
38.8
37.0

84.
32.
37.

96.6
43.8
38.8

99.1
45.3
39.4

102.8
48.2
39.6

103
47
40.

107.0
48 1
43.7

Nondur able goods, total 9
Cloth ing and shoes
Food and beverages
_
Gaso line and oil.
. _.

do
do
do
do

247.6
50.3
122.5
21.1

264.7
52.6
131.8
22.9

278 6
57 0
136.5
24.4

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.
52.1
131.4
22.6

265.5
52.4
132.4
22.9

270.
54.
134.3
23.

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
58
138
25 4

286 9
58 8
139 9
25 6

do.__
.do
do
do

242.1
33.7
84.0
16.5

262.5
36.1
91.2
17.9

282.9
39.2
99.7
19.1

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

296.3
41 2
104 8
20 0

Servi ces, tota!9
Household operation
Ho using
Tr ansportation

.

-

-_ _

_

do___

137.8

135.3

151.6

134.3

137.0

141.8

138.0

131.2

134.1

138.6

137.3

143.3

152.9

150.8

159.4

167.6

-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

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
2 9

148 3
108 3
38 5
69 8
40 0
39 5
4 6
4 1

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

157 0
112 6
39 o
73 6
44 4
43 8
24
20

167 1
118 1
39 4
78 7
49 0
48 4
6
1

2.0
55.6
53.6

3.6
62.9
59.3

.0
65.3
65.3

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 7
66 2
61 5

1
66 5
66 4

o
68 2
68 2

—4 6
60 4
65 0

—5 1
69 5
74 5

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

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

229.6
96 0
71 4
133 6

240.8
100 3
71 4
140 5

250.4
105 3
76 0
145 1

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
465.5
180.8
284. 7
410.3
95.5

044.5
492.0
193.7
298.3
443.3
109.2

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
464 0
173.1
290.9
420.6
100.1

7.4
4.5
2.9

2.8
-.6
3.4

2.2
.4
1.9

6.6
3.8
2.8

6.8
4.7
2.1

10.4
6.5
4.0

5.7
3.0
2.8

.4
-1.8
2.2

2.1
-2.0
4.0

5.1
4.7
.4

3.7
-3.4
7.1

Gross private domestic investment, total
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

__

Change in business inventories
Durable goods
.
Nondurable goods

.
__

_do_
do
do
__do__
do
___do_
do
do
do

m

a

1,017.7 1,035.4
482 4
486.2
190.6
189.4
295.5
293.1
441.0
432.3
108.2
102.9
3.1
3.5
— 4

4.6
2.3
2.3

233.8
97 6
70 2
iq« o

1,054.6 1,070.4 1, 102. 6
502.0
516.7
497 4
209.2
198.4
196.4
307.5
303.6
301. 0
465.1
446.3 453.6
120.8
114.7
110.8
-1.2
-2.5
1.3

2.4
-1.8
4.3

.6
.6
-.1

GNP in constant (1958) dollars
bil. $__

Personal consumption expenditures, total
Durable goods
Nondurable goods
Services

724.7

720.0

739.4

721.4

724.2

727.8

725.2

719. 8

721.1

723.3

715.9

729. 7

735.8

740.7

751.3

761.0

do

469.3

475.9

491.8

465.7

469.0

469.9

472.6

474.4

477.1

477.9

474. 2

484.8

489.4

494. 3

498.9

503.5

do
do
do

Gross national product, total

84.8
202.7
181.8

81.4
207.3
187.2

89.5
211 4
190 9

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

93.0
212.7
193.2

95.0
213.1
195.3

109.6

102.2

108.5

108.4

109.4

112.4

108.2

101.0

102.7

104.0

101.2

104.3

110.0

106.7

112.9

116.3

103.2
80.1
23.1
6.4

99.9
78.6
21.3
2. 3

106.3
79 3
27 0
2.1

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

101 8
77 7
24 1
2.5

105.9
79 1
26 7
4.1

107.2
78 9
28.3
-.5

110.5
81.5
29.0
2.4

116.0
84.6
31.4
,3

.6

.6

1,7

2.6

3.2

2.1

30

— 5

1

138.2
142.6
138.7
144.8
143.8
73.2
69.4
71.6
63.8
65.3
73.4
71.6 I 72.2
73.2
74.3
9 Includes data not shown separately.

138.3
63.2
75.2

137.6
61.3
76.3

137.0
60.7
76.3

139.6
62.7
76.8

Gross private domestic investment, total— _ .do
Fixed investment
Nonresidential
Residential structures. _
Change in business inventories
Net exports of goods and services

.___

do_,
do
do
do
do

Govt. purchases of goods and services, total.. do
Federal
,
do
State and local
do...
• Revised.
v Preliminary.

.1

2.4

— 1

-.5

-.3

145.6
73.8
71.9

139.4
65.4
74.0

139.2
62 2
77.0

147. 8
76.3
71.4

146.1
73.9
72.1

-3.0

-3.5

142.6
64.0
78.6

144.8
64.7
80.1

s-1
462-502 O - 72 - S - 1




SUEVEY 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

1970

1971

1969
II

Annual total

III

April 1972

1970
IV

I

II

1971
IV

III

I

II

1972
III

IV

IP

II

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

763.7

795.9

851.1

758.9

771.7

778.2

785.8

793.4

802.2

802.1

831.7

847.3

855.2

'870 1

do

Compensation of employees, total _

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

679.5

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

606.9
475.2
19.9
111.8
72.6
71.3
52.6
18.7
24.8

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

'82.0

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
'68.1
34.6
18.3
16.2

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

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
P18.0
"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

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

8.8
24.7

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

36! 4
'49.7
25.3
'24.4
-4.0
36.4

25.8

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

899.9
134.2
765.7
709.2
56.5

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
7.31
3.40
3.91

22.79
8.44
4.12
4.32

1 19. 56
7.03
3.43
3.60

i 22. 49
8.16
4.01
4.15

43.88
do
1.86
do
1.86
do
2.51
do
1.68
_do
11.61
do
8.94
do
...do.. . 2.67
8.30
do
16.05
do

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
.55
.42
.39
.37
4.07
3.35
.71
2.62
4.42

14.35
.59
.45
.56
.37
4.29
3.60
.69
2.84
5.26

12.53
.53
.45
.52
.35
3.60
3.15
.45

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

27.08

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

80.75
29.19
13.76
15.43

83.18
30.35
14.61
15.74

187.54
31.92
15.62
16.30

i 89. 09
32.52
15.98
16.54

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

51.56
2.23
1.72
1.68
1.48
15.87
13.56
2.30
10.73
17.85

52.82
2.30
1.64
2.26
1.33
15.74
13.01
2.74
10.44
19.10

55.62
2.22
1.90
2.02
1.67
16.90
14.17
2.73

56.57
2.12
1.67
2.96
1.35
16.78
14.18
2.60

62, 903 " 65, 932 14, 222
41, 980 " 42, 769 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

16, 539
11, 016

16, 628
10, 706

442

336

274

447

327

433

510

547

468

2,925
1,934

2,790
1,986

2,855
2,052

2,839
2,062

2,904
2,109

3,248
2,127

2,975
2,169

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 1
do
Nondurable goods industries f
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 f
Nondurable goods industries f
Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation
Public utilities
Electric
Gas and other
Communication
Commercial and other

.

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 $
36, 490
Merchandise, adjusted, excl . military
do
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
Importsof goods and services...
_. do.__
Merchandise, adjusted, excl. military
do...
Direct defense expenditures
.
do
Payments of income on foreign investments in the
U.S
mil. $.
Other services
_ _ do _

1,480

p 1, 942

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

329

2,585
1,818

2,716
1,814

-53, 589 -59,311 p- 65,234 -13,926 -13, 866 -14, 142 -14, 493 -14, 761 -14, 935 -15, 125 —15,389
-35, 830 -39,870 "-45,648 -9,566 -9,278 —9, 397 -9,728 -9,831 -9,992 -10, 319 -10,768
-4,856 -4,851 p-4, 796 -1,187 -1,221 —1,251 -1,182 -1,255 -1,211 -1,203 -1, 174
1 115
-4,564 -5,167 "-4,763 -1,078 -1,242 —1,315 -1,348 -1,322 -1,284 -1,213
-8,339 -9,425 "-10,027 -2,095 -2, 125 —2, 179 -2,235 -2,353 -2,448 -2,390 -2, 332

708
296
3,592
2,011
"699
324
-76
2,110 p-2, 879
660
T
ected foi• systema tic biases ) for Jan..
Revised.
" Preliminary..
1 Estimates (corr
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 SUEVEY.
2 Includes communication.
9 Includes inventory valuation adjustment.
©Personal outlays comprise personal consumption expenditures, interest paid by consumers, and personal transfer

B alance on goods and services, total




_ .do. . _

2,767
1,820

1,045
669
881
751
513
491
paynlents to foreigner S.

5.6
36.9

230.90 '231.70

17, 087 p 15, 678
11, 475 P 9, 572

"417
" 3, 584
P 2, 105

-16,622 —17,031 p-16,192
-11,767 -12, 015 "-11,098
-1,214 -1, 190 "-1,218
-1, 072 -1, 273 "-1,303
-2, 569 -2, 553 T, 9 670

56 p —514
6
1,150
-540 "-1, 526
248 -1, 061
§P srsonal s aving is excess of disposa )le incoflae over personal

995
704

670
142

HData for individual durable and nondurable goods industries components appear in the
Mar., June, Sept., and Dec. issues of the SURVEY.
cf More complete details appear in the
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