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SURVEY OF CUERENT BUSINESS

8

March 1970

NATIONAL INCOME AND PRODUCT TABLES
1968
1968

1969

III

1969
II

IV

1968
III

IV

1968

1969

III

Seasonally adjusted at annual rates

1969
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)
--

Durable goods
Nondurable goods
Services

865.7

932.1

876.4

892.5

908.7

924.8

942.8

952.2

707.6

727.5

712.8

718.5

723.1

726.7

730.6

729 8

-

536.6

576.0

544.9

550.7

562.0

572.8

579.8

589.5

452.6

466.1

458.2

457.6

462.9

466.2

466.5

468 6

83.3
230.6
222.8

Gross national product Personal consumption expenditures -

89.8
243.6
242.6

85.8
233.3
225.8

86.3
234.3
230.1

88.4
238.6
235.0

90.6
242.1
240.1

89.8
245.1
244.9

90.4
248.7
250.3

80.7
196.9
175.0

84.9
199.4
181.8

83.0
198.7
176.5

82.7
197.2
177.7

84.3
199.3
179.3

85 9
199.3
181 0

84 7
199 3
182 5

84 8
199 6
184 2

_. _- -_

126.3

Fixed investment
Nonresidential _ _ __ _ - - _ _ _ _
Structures
Producers' durable equipment
Residential structures
Nonfann
Farm

-. _

..--

-

Change in business inventories. __
Nonfarm
Farm
_. _

-

139.4

125.2

133.9

135.2

137.4

143.3

141.8

105.7

111.8

104.1

110.9

109.9

110 8

114 3

112 2

119 0

Gross private domestic investment

131.4

118.0

123.4

128.6

130.5

132.5

134.0

99.1

104.8

97.7

101.4

104 0

104 8

105 0

105 5

88.8
29.3
59.5

99.2
33.4
65.8

88.1
29.0
59.1

91.5
30.1
61.4

95.3
32.3
63.0

97.8
32.1
65.7

101.1
34.7
66.4

102.5
34.5
68.0

75.8
22.7
53.2

81.4
24.0
57.4

75.0
22.2
52.7

77.3
22.9
54.4

79.4
23.9
55.5

81.0
23 3
57.7

82.4
24 6
57.8

82 8
24 3
58 6

30.2
29.6
.5

32.2
31.7
.5

29.9
29.4
.5

31.9
31.4
.5

33.3
32.8
.5

32.7
32.2
.5

31.4
30.9
.5

31.6
31.0
.5

23.3
22.8
.4

23.4
23.0
.4

22.7
22.3
.4

24.1
23.7
.4

24.6
24.2
.4

23 8
23.4
4

22 6
22.2
4

22 7
22.3
4

7.3
7.4
-.1

8.0
7.8
.2

7.2
7.5
—.3

10.5
10.7
-.2

6.6
6.6
.0

6.9
6.7
.2

10.7
10.3
.4

7.7
7.4
.4

6.6
6.7
—.1

6.9
6.7
.2

6.4
6.7
-.3

9.6
9.8
-.2

5.9
5.9
.0

6.0
5.8
.2

9.3
89
.4

6.7
64
3

-

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

_ __

--

2.1

3.6

1.2

1.5

1.6

2.7

2.7

.9

.0

1.7

— .2

— .3

— .5

.4

.5

53.4
49.7

50.6
49.4

47.6
46.1

57.1
55.5

57.8
55.2

58.6
55.9

45.6
44.7

48.0
48.0

48.0
46.3

45.5
45.7

41.9
42.2

50 4
50.8

50 2
49.8

49 7
49.2

214.6

202.5

206.7

210.0

212.9

217.0

218.3

148.4

149.7

148.8

150.2

150.6

150.2

149.4

148.4

101.9
79 2
22.7

100.9
78 8
22 1

101.9
79 3
22 5

101.6
79 0
22.6

100.6
78 5
22 1

103.2
80 3
22 9

102.3
79.2
23.1

78.9

76.0

79.2

79.4

78.3

76.3

75.5

73 9

100.7

-

55.3
53.2

200.3

-

Exports
Imports

2.5
50 6
48.1

99 5
78 0
21 5

Net exports of foods and services

112.7

101.7

104.8

108.5

112.3

113.8

116.0

69.5

73.7

69.6

70.8

72.3

73.9

73.9

74.6

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
865.7

Gross national product .
Final sales
_
Change in business inventories

_

932.1

876.4

892.5

908.7

924.8

942.8

952.2

707.6

727.5

712.8

718.5

723.1

726.7

730.6

729.8

858.4
7.3

924.1
8.0

869.2
7.2

882.0
10.5

902.1
6.6

917.9
6.9

932.0
10.7

944.5
7.7

701.0
6.6

720.6
6.9

706.3
6.4

709.0
9.6

717.2
5.9

720.7
6.0

721.3
9.3

723.1
6.7

431.1

459.8

437.0

443.5

447.9

456.5

465.9

468.8

381.3

392.7

385.5

388.2

389.1

391.6

395.9

394.2

Final sales
Change in business inventories

423 7
7.3

451 8
8.0

429.9
7.2

433.0
10.5

441.3
6.6

449.6
6.9

455.2
10.7

461.1
7.7

374.7
6.6

385.8
6.9

379.1
6.4

378.7
9.6

383.2
5.9

385.7
6.0

386.6
9.3

387.5
6.7

Durable goods.. _ __ _
Final sales
Change in business inventories

176.7
171 4
5.3

191.7
186 2
5.5

178.8
173.7
5.1

184.0
176.6
7.4

186.4
181.6
4.8

190.3
185.5
4.9

195.4
187.8
7.6

194.6
189.9
4.7

162.8
158.0
4.7

171.9
167.2
4.7

164.5
159.9
4.5

167.8
161.2
6.5

169.0
164.8
4.2

171.4
167.3
4.1

174.7
168.1
6.6

172.6
168.6
4.0

Nondurable goods
Final sales
Change in business inventories

254 4
252 3
20

268.1
265 6
2 5

258 3
256 1
21

259 5 261.5
256 4 259 7
1.8
31

266 2
264 1
21

270 5
267 4
3.1

274.2
271.2
3,0

218.6
216 7
1.9

220.8
218.6
2.2

221.1
219.2
1.9

220.5
217.5
3.0

220.2
218.4
1.7

220.2
218.4
1.9

221.2
218.5
2.7

221.5
218.9
2.6

347.5

377.4

353.2

358.5

365.8

373.4

381.6

388.6

259.9

267.1

262.4

262.7

264.6

267.0

267.6

269.3

87.1

95.0

86.1

90.6

94.9

94.8

95.3

94.8

66.4

67.7

64.8

67.5

69.3

68.0

67.1

66.3

Goods output.

Services
Structures

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product
Private
Business
Nonfarm
Farm

_
._

__

865.7

932.1

876.4

892.5

908.7

924.8

942.8

952.2

707.6

727.5

712.8

718.5

723.1

726.7

730.6

729.8

770-5

828.0

779.2

794.0

808.5

822.7

836.5

844.3

647.9

666.5

652.6

658.3

662.6

665.8

669.4

668.2

740 6
715.7
24 9

795 3
768.3
27 0

749 3
724.1
25 2

763.1
738.4
24 7

776.7
751.1
25 7

790 5
763 0
27 6

803.6
775.9
27 7

810.3
783.3
26.9

627.5
604.2
23.3

645.2
621.7
23.5

632.1
608.8
23.4

637.5
614.6
22.9

641.5
617.8
23.7

644.8
621.1
23.7

648.2
624.1
24.1

646.5
624.0
22.6
17.8

25.2

28.6

25.0

26.0

27.2

28 3

28.9

30.0

15.9

17.3

15.7

16.2

16.8

17.2

17.4

Rest of the world

4 7

4kl

4 9

4.9

4.5

39

4.1

4.0

4.5

3.9

4.7

4.6

4.3

3.7

3.9

3.8

General government..

95.2

104 1

97.1

98.5

100.2

102 1

106.2

108.0

59.7

61.0

60.2

60.2

60.5

60.9

61.1

61.6

Households and institutions




CURRENT BUSINESS STATISTICS

JLHE 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 (f), 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.
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.
1967

Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown in
the 1969 edition of BUSINESS STATISTICS

| 1968

1966

1969

IV

1967
I

1968
III

II

IV

I

|

1969
III

II

I

IV

II

III

IV

Annual total
Seasonally adjusted quarterly totals at annual rates

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

793.5

865.7

932.1

770 7

774 2

783 5

800 4

816 1

835 3

858 7

876 4

892 5

908.7

924.8

942.8

952.2

do

492.3

536.6

576.0

474.5

480.9

489.8

495.7

502.6

520.6

530.3

544.9

550.7

562.0

572.8

579.8

589.5

Durable goods, total 9
do
Automobiles a n d parts _ _
_____do
Furniture and household equipment
do

73 0
30.5
31.3

83.3
37.0
34.2

89.8
40.4
36.0

71 9
30.5
30.7

70 0
28 4
30. 7

73 5
31 3
31.2

73 3
30 9
31 2

75 2
31 2
32 2

79 5
34 8
33 4

81 8
35 6
33.8

85 8
38 6
35.0

86 3
39 0
34 6

88.4
39.4
35.5

90.6
40.0
36.8

89.8
40.8
35.8

90.4
41.3
35.8

215.1
42 5
108 1
17.7

230.6
46 3
115.0
19.1

243.6
49.9
119.8
21.3

209.1
40 9
105 6
17.0

213 2
41 7
107 8
17 3

214
42
107
17

215 8
42 9
108 1
17 9

216 8
42 7
108 9
18 1

226 1
45 0
112 6
18 9

228 5
45 6
114 8
18 8

233 3
47 4
116 1
19 5

234 3
47 3
116 4
19 5

238.6
48.1
118.4
20.4

242.1
50.0
119.1
21.0

245.1
50.8
119.9
21.8

248.7
50.8
121.7
22.0

- d o
do _
do
do

204.2
29.1
71 8
14 7

222.8
31.2
77 4
16 1

242.6
33.5
83.7
17.5

193 5
27.9
69 0
14 1

197 7
28 2
70 1
14 4

201 8
29 0
71 1
14 5

206
29
72
14

210
30
73
15

6
1
7
0

215 1
30 5
75 2
15 5

220
30
76
15

225 8
31.6
77 9
16 3

230 1
31 9
79 8
16 5

235. 0
32.7
81.3
17.1

240.1
33.1
82.8
17.3

244.9
33.9
84.4
17.7

250.3
34.1
86.4
17.9

do

116 0

126 3

139.4

126 2

113 6

109 4

117 7

123 3

119 4

126 6

125 2

133 9

135.2

137.4

143 3

141.8

108 6
83 7
27.9
55.7
25 0
24 4
7.4
68

119 0
88 8
29.3
59.5
30 2
29.6
7.3
74

131.4
99.2
33.4
65.8
32.2
31.7
8.0
7.8

106 3
84 2
28 2
56.0
22 1
21 5
19 9
20 4

104 7
83 3
29 0
54.2
21 4
20 9
90
91

106 1
83 0
27 2
55 8
23 1
22 5
34
30

109
83
27
55
26
25
7
7

9
5
8
7
5
9
8
0

113 8
85 0
27 8
57 2
28 8
28 3
95
80

117 7
89 1
29 8
59.4
28 6
28 0
1.6
13

116 7
86 4
28 3
58.1
30 3
29 7
9.9
10 3

118 0
88 1
29 0
59.1
29 9
29 4
7.2
75

123 4
91 5
30 1
61.4
31 9
31 4
10 5
10 7

128.6
95.3
32.3
63.0
33.3
32.8
6.6
6.6

130.5
97.8
32.1
65.7
32.7
32.2
6.9
6.7

132 5
101 1
34.7
66.4
31 4
30 9
10 7
10 3

134.0
102.5
34.5
68.0
31.6
31.0
7.7
7.4

do
.do
do

5.2
46.2
41 0

2.5
50.6
48 1

2.1
55.3
53.2

4.9
44.8
39 9

54
45.8
40 4

58
45.9
40 1

5.6
46.3
40 7

38
46.7
42 8

19
47.7
45 9

3.4
50.7
47 3

3.6
53.4
49 7

12
50.6
49 4

1.5
47.6
46.1

1.6
57.1
55.5

27
57.8
55 2

2.7
58.6
55.9

Govt. purchases of goods and services, total do
Federal. . _
do
National defense
__ _ do
State and local
do

180.1
90 7
72.4
89 3

200.3
99 5
78.0
100 7

214.6
101.9
79.2
112.7

165.2
82 1
65.6
83 0

174 2
87 8
69.9
86 4

178 5
90 3
71.9
88 1

181.3
91 3
73.0
90 0

186 4
93 5
74.6
92 9

193
96
76
97

4
3
1
1

198.4
99 0
77.9
99 4

202.5
100 9
78.8
101 7

206 7
101 9
79 3
104 8

210.0
101 6
79.0
108 5

212.9
100.6
78.5
112.3

217 0
103 2
80 3
113 8

218.3
102.3
79.2
116.0

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

786.2
391.0
157 0
234.1
316 7
78.4

858.4
423.7
171 4
252.3
347 5
87 1

924.1
451.8
186 2
265.6
377 4
95 0

750 8
377.2
151 8
225 4
298 4
75 3

765 2
382.5
151 9
230 7
306 4
76 3

780 2
392.5
158 3
234.2
312 0
75 6

792 6
393.3
157 7
235 5
320 1
79 3

806 6
395.8
160 0
235 9
328 4
82 4

833 6
412 8
166 4
246 5
335 0
85 8

848 8
419.3
168 9
250 4
343 4
86 0

869 2
429.9
173 7
256.1
353 2
86 1

882
433
176
256
358
90

0
0
6
4
5
6

902.1
441.3
181 6
259.7
365 8
94 9

917.9
449.6
185 5
264.1
373 4
94 8

932 0
455 2
187 8
267 4
381 6
95 3

944.5
461.1
189.9
271.2
388 6
94.8

7.4
39
3.5

7.3
53
2.0

8.0
55
2.5

19 9
13 2
67

90
4 2
4.7

34
15
18

78
4 4
34

95
56
39

16
19
— 3

99
68
3.1

7.2
51
2.1

10 5
74
31

66
4 g
1.8

6.9
4 9
2.1

10 7
7 6
31

7.7
47
3.0

674.6

707.6

727.5

668.1

666.5

670.5

678.0

683.5

693.3

705.8

712.8

718 5

723 1

726.7

730 6

729.8

430.3

452.6

466.1

420.7

424.4

430.5

431.9

434.3

445 6

449 0

458.2

457 6

462.9

466.2

466 5

468.6

do
do
do

72 8
190.3
167.2

80 7
196.9
175.0

84 9
199 4
181.8

72 3
187 0
161.5

70 3
190 2
163.9

73 9
190 6
166 1

73 0
190 3
168.6

73 9
190 2
170.3

77 7
196 0
171 8

79 5
195 8
173 7

83 0
198 7
176.5

82 7
197 2
177 7

84 3
199 3
179 3

85 9
199 3
181 0

84 7
199 3
182 5

84 8
199 6
184 2

do

100.8

105.7

111.8

112.5

100.5

95.7

101.6

105.4

101.2

106.6

104.1

110.9

109.9

110.8

114.3

112.2

do
do
do
do

93 9
73.6
20.3
6.9

99 1
75.8
23.3
6.6

104 8
81 4
23 4
6.9

94 0
75 4
18.6
18.5

92 0
74 1
17.9
8.5

92 6
73 5
19.0
3.1

94 3
73 1
21.2
7.4

96 7
73 8
23.0
8.7

99 8
77 1
22.7
1.5

97 6
74 0
23 5
9.0

97 7
75 0
22.7
6.4

101 4
77 3
24 1
9.6

104 0
79 4
24 6
5.9

104 8
81 0
23 8
6.0

105 0
82 4
22 6
9.3
4

105 5
82 8
22 7
6.7

148.4
73 9
74.fi

Gross national product, total
Personal consumption expenditures, total

Nondurable goods, total?
Clothing and shoes
Food and beverages
Gasoline and oil

__do_ __
do
do
do. __

_

Services, total 9
_.
Household operation.
Housing
Transportation
Gross private domestic investment, total

Fixed investment
do
Nonresident ial
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
_ do
do
d o

_

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

4
6
6
5

6
3
3
8

0
7
7
9

GNP in constant (1958) dollars
Gross national product, total

bil. $

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

_ _

Gross private domestic investment, total
Fixed investment
Nonresidential
_.
Residential structures
Change in business inventories

. . do

3.6

.9

o

3.3

4.0

4.2

4.1

2.0

.9

13

1.7

— 2

_ 3

— 5

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

140.0
74 8
65.2

148.4
78 9
69.5

149.7
76 0
73.7

131.6
68 6
63.0

137.6
72 8
64.8

140.1
75 1
65.0

140.4
75 5
64.9

141.7
75 7
66.0

145.6
77 3
68.3

148.9
79 6
69.3

148.8
79 2
69.6

150.2
79 4
70.8

150.6
78 3
72.3

150.2
76 3

149.4

73 Q

73 Q

Net exports of goods and services

T

Revised.

* Preliminary.

377-332 O - 70 - 4




9 Includes data not shown separately.

7K K

5

SUKVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown in
the 1969 edition of BUSINESS STATISTICS

1967

| 1968

Annual total

IV

III

II

I

II

1970

1969

1968

1967

1969

March 1970

III

IV

II

780.6

IV

III

765.7

I

II

I

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
654.0

Wages and salaries, total
Private
Alilitary
9
1 p n f s tn
PS in 1 <; 1 i ~
Proprietors' income total 9
Farm
Rental income of persons

i l l

f

N"r> U U
d

t

'

f t~~]

_

688.8

707.4

724.1

737.3

751.3

P786. 7

467.4

513.6

564.3

461.1

470.7

481.7

495.1

507.0

519.8

532.3

546.0

558.2

571.9

581.1

465.0
369.0
18.0
78.0
48.6
63.8
49.2
14.6
21.2

509.9
405.3
19.2
85.4
54.4
66.3
50.2
16.1
21.6

426.5
417.7
339.6
333.0
16.1
15.9
70.8
68.8
43.4 ! 44.2
62.6
61.7
47.8
47.1
14.8
14.7
20.9
20.8

436.5
346.3
17.0
73.2
45.1
62.3
47.5
14.9
21.0

448.2
355.9
17.3
75.0
47.0
63.2
48.4
14.8
21.1

459.0
364.5
17.6
76.8
48.0
63.6
49.2
14.3
21.2

470.7
372.7
18.7
79.3
49.1
64.1
49.3
14.8
21.2

482.1
382.8
18.3
80.9
50.2
64.1
49.7
14.4
21.4

493.3
392.5
18.2
82.5
52.7
64.6
49.7
14.9
21.5

504.3
402.0
18.4
84.0
53.8
66.5
50.1
16.4
21.6

516.9
410.2
20.1
86.6
55.0
67.3
50.5
16.8
21.7

525.0
416.6
19.9
88.5
56.1
66.7
50.4
16.3
21.8

79 2

87.9

P88.2

79.1

81.1

82.5

88.2

90.6

90.3

89.5

89.2

88.8

P85.4

12.7
76.5
44.9
21.0
23.9

13.3
75.6
43.8
20.0
23.8

~ ~ ~ c\
do

'

hi £ nnds inrh' <?f IP -efcl
U
. , f

Corporate profits before tax total
Corporate profits tax liability
P)ividends
Undistributed profits

10.5
68.8
39.0
18.1
20.9

11.5
76.4
44.4
19.9
24.5

Pl2. 9
P75. 3
P43.9
p20. 4
P23.6

10.3
68.0
38.8
17.9
20.8

10.5
68.6
38.3
18.0
20.4

10.8
70.3
39.5
18.3
21.2

11.0
71.6
41.1
19.1
22.0

11.2
76.9
44.9
19.8
25.1

12.1
78.5
45.4
20.4
25.0

11.9
78.5
46.2
20.4
25.8

10.8
19.0

11.6
20.4

Pll. 7
Pl9. 7

10.7
18.5

10.8
19.5

10.9
19.9

11.3
19.1

11.5
20.6

12.0
21.0

11.6
20.7

11.8
20.3

11.7
19.9

11.9
19.9

80.3
33.0
47.3
21.5
25.9
-1.1
24.7

91.1
41.3
49.8
23.1
26.7
-3.2
28.0

p93. 8
p43. 3
P50. 5
24.6
P25. 9
-5.6
30.6

79.1
32.6
46.4
21.7
24.8

79.5
32.5
47.0
22.0
25.0

24'. 3

25! 1

84.4
34.5
49.9
21.1
28.8
-3.3
25.9

87.9
39.9
47.9
22.2
25.7
-5.3
26.7

90.7
41.1
49.7
22.9
26.7
-2.6
27.5

91.5
41.4
50.0
23.6
26.5
-.9
28.4

94.5
42.9
51.6
23.8
27.8
-4.2
29.3

95.5
43.9
51.7
23.8
27.9
-6.1
29.8

95.4
44.1
51.3
24.3
27.0
-6.2
30.3

92.5
42.8
49.7
24.9
24.9
-3.7
30.9

P91.6
P42.5
P49.1
25.2
P23.9
-6.2
31.6

629.4
82.9
546.5
506.2
40.4

687.9
97.9
590.0
551.6
38.4

747.2
117.5
629. 7
592.0
37.6

622.2
80.6
541.6
503.9
37.7

634.5
84.1
550.3
509.7
40.7

645.9
86.1
559.8
516.6
43.1

664.3
89.3
575.0
535.1
39.9

680.1
92.7
587.4
545.1
42.3

696.1
102.6
593.4
560.2
33.2

711.2
107.0
604.3
566.2
38.0

724.4
114.2
610.2
577.7
32.5

740.5
118.5
622.0
588.8
33.3

756.5
117.5
639.0
596.0
43.1

767.4
119.9
647.5
605.8
41.7

65.47
28.51
14.06
14.45

67.76
28.37
14.12
14.25

75.56
31.68
15. 96
15.72

16.69
7.33
3.56
3.77

16.20
6.88
3.40
3.48

18.12
7.77
3.96
3.81

15.10
6.15
3.06
3.09

16.85
6.99
3.36
3.63

16.79
7.13
3.54
3.59

19.03
8.10
4.16
3.94

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

36.96
1.65
1.86
2.29
1.48
8.74
6.75
2.00
6.34
14.59

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

9.36
.39
.45
.72
.38
2.18
1.65
.53
1.60
3.65

9.32
.44
.41
.56
.41
2.35
1.71
.64
1.57
3.59

10.35
.47
.50
.64
.38
2.59
2.08
.51
1.73
4.04

8.95
.42
.39
.68
.30
2.07
1.69
.38
1.59
3.50

9.86
.43
.37
.58
.42
2.62
1.94
.68
1.62
3.81

9.66
.39
.31
.64
.41
2.61
1.87
.74
1.61
3.69

10.93
.40
.38
.66
.47
2.90
2.16
.74
2.00
4.13

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 '12.34 ' 10. 51 12.32
.47
'.49
.47
.41
.54
'.55
.49
'.45
.80
.53
'.64
'.69
.40
.40
'.44
'.37
3.52
'3.23 '2.67
3.03
2.82
2.23
'2.61 '2.28
.70
'.62
.80
'.39
2.39
2.11
26.60
'4.60
4.07
'25. 93

do
do
do
do

65.60
29.16
14.26
14.90

65.48
27.85
13.92
13.93

65.66
27.51
13.71
13.80

66.29
68.09
28.02 . 27.84
13.51
14.11
14.33
13.91

67.77
28.86
14.47
14.40

69.05
28.70
14.39
14.31

72.52
29.99
15.47
14.52

73.94
31.16
15.98
15.18

77.84
33.05
16.53
16.52

do
do
do
do
do
do
do
do
do
do

36.45
1.52
1.78
2.43
1.38
8.51
6.48
2.04
6.30
14.53

37.62
1.76
1.72
2.35
1.66
8.86
6.86
1.99
6.49
14.80

38.15
1.78
1.82
2.79
1.41
9.46
7.47
1.99
6.37
14.54

38.45
40.07
1.66
1.80
1.49
1.68
2.88
1.98
1.49
1.43
10.24
10.08
! 7.64
7.76
2.32 | 2.60
6.42
6.83
15.17
15.37

38.91
1.57
1.29
2.69
1.65
9.82
7.50
2.32
6.67
15.22

40.35
1.52
1.34
2.87
1.75
10.63
7.74
2.89
7.34
14.91

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 ' 45. 46 ' 47. 02
' 1.85 '1.77
1.89
'1.94
'1.94
2.06
'2.95
2.23 '2.80
'1.63
' 1. 79
1.65
11.48 ' 11. 80 ' 12. 80
'9.36 ' 10. 46
8.98
'2.34
'2.44
2.50
8.76
8.71
16.78 ' 16. 67 '225.77

11,484
7,723
335
1,580
1,846

11,577
7,669
239
1,801
1,868

11,667
7,601
332
1,879
1,855

1
11,934 12, 668 13,344
7,941 I 8, 395 1 8, 879
406
305
353
2,040
1,771
1,973
2,019
1,917
1,947

~ H

~~rl

~ ~dr»
*j

1

"I

do
do
do
do

Net interest
do
DISPOSITION OF PERSONAL INCOME
Quarterly Data Seasonally Adjusted at Annual Rates
Less: Personal tax and nontax payments
do
Equals" Disposable personal income
do
Less* Personal outlays©
do
Equals' Personal savings
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals :t
All industries
bil. $
Manufacturing
do
Durable goods industries 1
do
Nondurable goods industries ^
do
Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation
Public utilities
Electric
Gas and other
Commercial and other
Seas. adj. qtrly. totals at annual rates:}:
All industries
Manufacturing
Durable goods industries H
Nondurable goods industries ^

78.3

12.3
77.2
45.1
20.3
24.7

Transportation, communication, and public
utilities
bil $

Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation
Public utilities
Electric
Gas and other
Communication
Commercial and other

672.0

658. 5

423.5
337.3
16.2
70.0
43.9
61.9
47.2
14.7
20.8

do
do

t f 1

646.2

do

Corporate profits and inventory valuation adjustment total
bil $
By broad industry groups:
c

p771. 1

do
do
do

Compensation of employees total

TVT

714.4

do
do
do
do
do
do
do
do
do

.

BALANCE OF INTERNATIONAL
PAYMENTScf
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants).. _ _
.
_
mil. $ 1 46, 189
j 30, 681
Merchandise, adjusted, excl. military
do
1,239
Transfers under military sales contracts
do
6,872
Income on U.S. investments abroad..
do
7,397

n

'
'
'
'

i 20. 79
8.47
4.33
4.14

117. 76
'7.25
'3.68
'3.56

77. 84 'i 80. 00 i 81. 78
32. 39 ' 32. 97 33.74
15. 88 ' 16. 92 17.39
16. 50 ' 16. 05 16.34

48.04
1.82
2.19
2.70
1.42
13.74
11.07
2.68
2 26. 16

U.S.

50, 599 P55, 387
33, 598 |P36,487
1,428 pi, 503
7,701 p8, 897
7,872 P8, 500

-41,012 -48,077 p-53,31 -10,033
Imports of goods and services
do
j-26,821 -32,972 i p-35,79 -6,465 -6, 542
Merchandise, adjusted, excl. military _
do
1 -4,378 -4, 530 p-4,88 -1,075 -1,106
Military expenditures
do
-580
-591
! -2,362 -2,932 p-4,43
Income on foreign investments in the U.S_.do
| -7,451 -7,643 .-8,20 -1,902 -1,945
Other services
do
Unilateral transfers, net (excl. military grants);
-836
-823
transfers to foreigners (— )
mil. $ 1 -2.998 -2,865 |p-2,51
T
Revised.
v Preliminary.
1 Estimates (corrected for sy stematic 1 )iases) fo r Jan.-M ar.
1970 and Apr.-June 1970 based on expected capital expcnditi res of bu siness. E xpected expenditures for the year 1970 are as follows (in bil. $): All ind ustries, 83.58; mailufactun ng
total, 34.80; durable goods industries, 17.61; nondurable good s industri es, 17.19 nonmai1Ufacturing, total. 48.77; mining, 1.94; railroad, 2.36; air transportat ion, 2.91; ()ther trar isportati on,
1.64; public utilities, 13.73; electric, 11.15; gas and other, 2.58; coinmercial and othe - (includ ng
2
communication), 26.19.
Includes communication.
9 I ncludes i nventorj7 valuat on
adjustment.




12, 653 r 11,919 ' 14,254 ' 14,553 Pl4, 661
8,383 r 7, 478 ' 9, 599 ' 9, 581 p9, 829
p341
'417
'414
'331
364
1,917 ' 2, 117 ' 2, 148 ' 2, 362 p2, 270
1,989 r 1,910 ' 2, 176 ' 2, 193 P2, 221

-12,435 -12,352
-10,706 -11,463
-7,154 -7,817 -8,131 -8, 566 -8, 458
-1,112 -1,102 -1,116 -1,143 -1,169
-749
-742
-770
-607
-671
-1,833 -1,873 -1,838 -1,956 -1,976
1

-648

-635

-690

-766 I

-774

^-11,571
'-7,579
-1,204
' -893
'-1,895

'-13,964
'-9,599
-1,208
'-1,087
'-2,070

-13,84 7
-9,243
-1,220
-1,255
-2,129

p-13,93
p-9,37
p-1,24
p-1, 19
p-2,11

-601

-793

' -687

!

p-732

ack
nual anc
}R evised S6,ries; expl anation ()f revisio is and anilso pp. 19quartertly data b jaryto 1947 appear
1970 SURVEY.
ff. of he Febn
EY; see i

on pp. 25 ff. of the Jeinuary 11)70 SURV
e 'ersonal outlays c omprise r>ersonal c onsump ;ion expe nditures, interest ] Daid by consumers,
and personal transfer payment s to forei gners.
§P ersonal s aving is (excess of iisposab e income over pei•sonal ou tlays.
goods ii idustries componcjnts appear in tee
irr)ata for ndividmil durabl e and nondurable r.
Mar ., June, iSept., anc [ Dec. iss ues of th e SURVE
Vlore com plete det ails are gi ven in th e quarter ly reviewrs in the Itfar., Jun e, Sept., and Dec.
d"!
issue s of the SURVEY.

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