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SURVEY OF CURRENT BUSINESS

12

May 1972

NATIONAL INCOME AND PRODUCT TABLES
1970
1970

1971

1972

1971

IV

II

III

IV

1970
1970

1971

rv

1971

ii

1972

in

rv

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

974 1 1 046 8

Personal consumption expenditures
Durable goods _
Nondurable goods
Services..

_

.

Gross private domestic investment _

720 0

739 4

715 9

729 7

735 8

740 7

751 3

761 6

624 7

644 9

657 4

668 8

677 2

691 8

475 9

491 8

474 2

484 8

489 4

494 3

498 9

505 1

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 6
288 0
296 2

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 5
214 3
195 3

135 3

C hange in business inventories
Nonfarm
Farm
Net exports of goods and services
.

... ...

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

.

.

.

.

159 4

168 3

102 2

108 5

101 2

104 3

110 0

106 7

112 9

116 5

152 0

157 0

167 7

99 9

106 3

98 1

101 8

105 9

107 2

110 5

116 2

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 7
39 8
78 9

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 i
22 9
56 2

78 9
22 1
56 8

81 5
22 1
59 3

84 8
21 9
59 9

30 4
29.7
6

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
31 0
4

2.2
17
5

37
33
4

31
29
2

46
41
5

—1 2
20
g

2.4
20
5

6
1
4

2.3
20
3

2.1
17
.5

31
28
4

25
23
2

41
3e
5

— 5
—12
7

24
19
5

3
-i
4

.0

2.7

47

1

o

—4.6

—6 2

2.4

—.1

21

30

— 5

1 —3.0

—4 1

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 2
75 4

52 2
49.8

52.1
52.2

51 9
49 8

52 9
49 8

63 1
53 7

54 5
64 4

47.7
50.8

54 0
58 0

219 4

.

150 8

148 3

62 9
59 3

.

152 9

140 2

3.6

_. ..

143 3

133 6

28
25
3

...
.

137 3

149 3

102 1
36 8
65 4

_

151 6

233 0

223 7

227 9

229 6

233 8

240 8

249 6

139 4

139 2

138 3

137 6

137 0

139 6

142 6

144 1

97.2
75.4
21.9

Nonresidential. .
.
. .
Structures
Producers' durable equipment
Residential structures
Nonfarm
Farm

_

1103 6

662 1

132 6

Fixed investment

Exports
Imports

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

615.8
88 6
264 7
262.5

.

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

104 9
75 8
29.0

65 4

62.2

63 2

61 3

60 7

62 7

64.0

64 2

122.2

135.5

127.9

131 6

133 6

136 2

140 5

144 8

74.0

77.0

75 2

76 3

76.3

76 8

78.6

79 9

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
Gross national product
Final sales
Change in business inventories
Goods output.

974.1 1,046 8

. . ...

1103 6

720 0

739.4

715.9

729 7

735.8

740.7

751.3

761.

971 3 1 044 5 984 7 1 017 7 1 035 4 1 054 6 1 070 4 1103 0
6
28
37
31
46
2.4
22
—1 2

717 7
2 3

737.3
2.1

712 8
3.1

727 2
2 5

731.7
4.1

741.2
— .5

748.9
2.4

761.

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

468 3

Durable goods
Final sales
C hange in business inventories ..
Nondurable goods.
Final sales
Change in business inventories ,
Services
Structures

__ ._

.
...

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

407.

465.5
2.8

492.0
2.2

464.0
3.7

482 4
31

486 2
46

497 4
-1 2

502.0
2.4

516 8
.6

380.7
2.3

391.5
2.1

373.6
3.1

385.6
2.5

386.1
4.1

394.9
—.5

399.3
2.4

406.

180 2
180.8
—.6

194.1
193.7
.4

169 7
173.1
-3.4

192 8
189 4
35

193 0
190 6
2.3

193 9
196 4
-2 5

196.6
198.4
—1.8

208 1
207.9
.2

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

174.
174.

288.1
284.7
34

300.2
298.3
1.9

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

309 2
308.8
3

226.9
223.9
3.0

229.7
228.1
1.6

232.3
226.1
6.2

225.7
226.0
—.3

227.8
225.9
2.0

230.7
229.6
1.1

234.6
230.8
3.7

232.
232.

410 3

443.3

420 6

432 3

441 0

446 3

453.6

465.0

273.4

278.6

274.5

276.2

278.4

278.9

280.8

283.

95 5

Final sales
_
C hange in business inventories _.

109.2

100 1

102 9

108 2

110 8

114.7

121.3

63.6

67.2

64.7

65.4

67.2

67.3

68.8

71.

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 .

974 1 1 046 8 988 4 1 020 8 1 040 0 1 053 4 1 072 9 1103. 6

720.0

739.4

715.9

729.7

735.8

740.7

751.3

761.

859.8

922.7

871.6

899 2

916.9

928.9

945.9

971.6

659.4

678. 3

655.4

668.9

674.9

679.4

689.8

699 J

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

927.4
895.3
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

656.9 666.3
630. 1 640.7
25.6
26.8

676. (
653.
23.

31 7

35 5

33 0

34 2

35 0

35 9

36.8

38.0

17.0

17.8

17.1

17.6

17.7

17.8

18.1

4.6

6.5

5.1

58

7.3

6.0

7.0

6.2

4.0

5.2

4.2

4.7

5.8

4.7

5.4

4.

114 4

124.0

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.

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




18.

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

1970

1969

1971
I

j

II

1970

III

IV

Annual total

I

II

1971

III

IV

I

1972
IV

| III

II

I

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
bil $

929.1

974 1 1 046 8

90614

921 8

940.2

948.0

956.0

968.5

983. 5

988.4 1, 020. 8 1,040.0 1,053.4

Personal consumption expenditures, total

do

579.6

615.8

662.1

564.3

575.8

584.1

594. 2

604.0

613. 8

620.9

624. 7

644.9

657.4

668.8

677.2 '691.8

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

do
do
do

89.9

40.4
36.3

88 6
37.1
37.4

100 5
46 2
39.6

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 ' 107. 6
47 6 ' 48. 7
40.8 '43.6

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

262.9
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 ' 288. 0
58 0 ' 59. 0
138 1 ' r140. 7
25.4
25 4

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
37
96
18

280
38
98
19

5
9
7
0

285.8
39 9
100 7
19 2

290 3 '296.2
41.2
40 5
104.8
102 8
20.0
19 6

Gross national product, total

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

-

_

0
7
5
6

1 0729 '1 103 6

Gross private domestic investment, total

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

Fixed investment __ _ _
Nonresident ial
Structures
- Producers' durable equipment
Residential structures
Nonfarm
...
Ch ange in business invent ories
Nonfarm

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
29

148 3
108 3
38 5
69.8
40 0
39 5
46
41

152 0
109 3
38 7
70.6
42 7
42 1
—1 2
20

157. 0 ' 167. 7
112 6 ' 118. 7
39 0 ••39.8
73.6 '78.9
49.0
44 4
48.4
43 8
.6
2.4
.1
20

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

68 2
68 2

Govt. purchases of goods and services, total.. do
Federal.
do
National defense
. i 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
131 6

229.6
96 0
71 4
133 6

233.8
97 6
70 2
136 2

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

. do _
do
do. _
do
do
do

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
284.7 298.3
443.3
410.3
95.5 109. 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 1,017.7 1,035.4
486.2
464. 0
482.4
190.6
189.4
173.1
295.5
293.1
290.9
420.6 432.3 441.0
108.2
100. 1
102.9

do
do
do .

7.4
4.5
2.9

2.8
-.6
3.4

2.2
.4
1.9

6.6
3.8
2.8

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

3.1
3.5
— .4

__bil. $._

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. 6

do

469.3

475.9

491.8

465.7

469.0

469.9

472.6

474.4

477.1

477.9

474.2

48C8

489.4

494.3

498.9 ' 505. 1

_ do _
do...
do

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 '95.5
212.7 ' 214. 3
195.3
193.2

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

-_ do
do
do _

_ _ _

_

...
_

Change in business inventories
Durable goods
Nondurable goods

...

6.8
4.7
2. 1

o

-4.6
60 4
65 0

r!68.3

'-6.2
'69.2
'75.4

240.8 r 249. 6
100 3 ' 104. 9
71 4 ••75.8
140 5 '144.8

1,054.6 1,070.4 '1,103.0
502.0 ' 516. 8
497.4
198.4 ' 207. 9
196.4
301.0
303.6 ' 308. 8
446.3 453.6 ' 465. 0
114.7 '121.3
110.8
.6
2.4
4.6 —1.2
'.2
-1.8
-2.5
2.3
'.3
4.3
1.3
2.3

GNP in constant (1958) dollars
Gross national product, total.!
Personal consumption expenditures, total
Durable goods
...
Nondurable goods...
__
Services
.

_

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. 5

do
do
do...
...do

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 ' 116. 2
81.5 '84.8
31.4
29.0
.3
2.4

do...

.1

2.4

— .1

-.5

—.3

.6

.6

1.7

2.6

3.2

2.1

30

— 5

.1

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

_

Govt. purchases of goods and services, total.. do
Federal
do
State and local
do
r
Revised.
*> Preliminary.

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

138.2
144.8
143.8
142.6
138.7
73.2
65 3
71 6
69 4
63 8
73.4
74.3
71.6
72.2
73.2
9 Includes data not shown separately.

138.3
63.2
75.2

-3.0

s-1
465-441 O - 72 - S 1




'-4.1

142.6 ' 144. 1
64.0 '64.2
78.6 '79.9

SURVEY OF CUEEENT 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

Annual total

1969
II

III

May 1972

1970
IV

II

I

1971
III

IV

I

1972
III

II

IV

I

II

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.

Quarterly Data Seasonally Adjusted at Annual Kates
National income total
bil. $
Compensation of employees, total . _ _ do.

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

898.7

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

679.9

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

607.3
475.6
19.9
111.8
72.6
r71.2
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

P86.0

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

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

P14.1
P71.9

10.0
20 6

8.0

8.5

9.8

9.1

8.2

7.9

8.4

8.5

8.5

24.1

21.2

19.2

19.2

7.8

20.5

10.4
21.0

20.1

20.9

21.9

22.5

25.3

24.3

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

85,4
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

86.0
36.4
49.7
25.3
24.4
-4.0
36.4

P91.6
P39.3
P52.3
25.8
P26.5
-5.6
36.9

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

900.1
135.7
764.3
710.8
'53.5

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

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

11.10

12.34

10.32

12.18

12.27

12.99

10.99

13.06

12.83

.48
.44
.66
.46

.47
.49
.53

.45
.42
.73
.28

.47
.47
.80
.31

.46
.46
.74
.30

.50
.43
.76
.33

.49
.34
.34
.28

.54
.47
.60
.36

.55
.42
.39
.37

14.35
.59
45

12.53
.53
45

14.33
.54
42
*78

^.40
3.03
2.23

.49
.55
.64
.44
3.23
2.61

2.54
2.15

3.74
3.12

3.11
2.70

3.83
3.20

4.07
3.35

.39

3.58
2.79

.62

3.28
2.59

4.29
3 60

2.00
3.97

2.11
4.07

2.39
4.60

2.14
3.76

2.59
4.26

2.56
4.16

2.81
4.42

2.50
3.94

2.81
4.44

2.62
4.42

2 84
5 26

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

78.63
81.88
32.15 . 30.98
14.92
15.74
16.05
16.40

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

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 9fi
1 33
15.74
13 01

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

16, 539
11, 016

16, 628
10, 706

17, 087 P 15, 67
11,475 p 9,57 I'll, 810

329

442

336

274

447

327

433

510

547

468

p41

2,716
1,814

2,767
1,820

2,925
1,93'

2,790

2,855

2,839
2 ftfi9

2,904

3,248

2,975
2 igQ

p3,58
* 2, 10

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
Non financial corporations, total
do
"M"

/^

W

rt

~~H

f~'

An

Durable goods industries
do
Transportation, communication, and public
utilities
bil. $
All oth er industries
do
Corporate profits before tax, total
Corporate profits tax liability
Corporate profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Net interest
—- -

do
do
do
do
do
do
>_do

8.8
8.1

8.8

DISPOSITION OF PERSONAL INCOME

Quarterly Data Seasonally Adjusted at Annual Rates
Personal income total
bil $
Less* Personal tax and nontax payments
do
Less* Personal outlays®
E duals' Personal saving§

- -

__do _
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 If
Nondurable goods industries f
Nonmanufacturing
Mining
Air transportation
Other transportation
Public utilities
Electric
Gas and other
Communication
U.S.

_

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

_ -do
do
do
do
do
do

2.99
2.22

.77

.80

.78

.69

.63

.41

.63

.71

56
37
69

52
OK

45

4.31
3 60
* 72

2 7 08

2 7 92

187. 54 1 89. 09
Q/) KO

1 f\ ft9

IK Q8
Ifi K.A

55.62
2.22
I nn

56.57

1 fi7
16.90

1 35
16.78
14 18
9 fift

1 *» 74.

14. 17

9 74.

10 44
19* 10

OK

3.60
3 15

2 1(\ QO.

2.12
1 <V7
9 Qfi

2 31 7Q

BALANCE OF INTERNATIONAL

PAYMENTSd"
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under

55, 600

Merchandise, adjusted, excl . military
do... 36,490
Transfers under U.S. military agency sales con

1 515

Receipts of income on U.S. investment
abroad..
mil. $
Other services
_
.do..
Imports of goods and services
_
do..
Merchandise, adjusted, excl. military do__
Direct defense expenditures ... . . _ do
Payments of income on foreign investments in th
U.S
mil. $
Other services
do__
Balance on goods and services, total

do. .

10,539
7,056

62, 903 P 65 932
41,980 P 42| 769

1,480

P 1 942

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

2,585
1,818

9 *•*
*t 197

1fi fi9

17 03
-53, 589 -59,311 P— 65,23 -13, 926 -13, 866 -14, 142 -14, 493 -14, 761 -14, 935
-35,830 -39,870 p-45,64 -9,566 -9,278 —9,397 -9,728 -9,831 -9,992 -10,319 -10,76 -11,76 -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, 564
-8,339

2,011

-16,19 P—1344
-11,0
-1,2

-1,078 -1,242 —1,315 -1,348 -1,322 -1,284 -1,213 -1, 115 -1, 072 -1, 273 -1,3
9 f\f\
—2 5
—2, 095 —2, 125 —2, 179 -2,235 —2,353 —2,448 —2,390
g
p— 5
1 1 *\n
995
1,045
669
881
296
708
p699
Af\
nnA
1/tO
94.R
i nft
— Ri
p-1. 5

-5,167 P
~i*»$
—9, 425 p-10,02
3,592

r
Revised.
P Preliminary.
* 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




9 1ftQ
1 R. °.SQ

payments to foreigners.

p-90
p-1.6

§Personal saving is excess of disposable income over personal

atk for individual durable and nondurable goods industries components appear in the
Mar., June, Sept., and Dec. issues of the SURVEY.
cfMore 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