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SURVEY OF CURRENT BUSINESS

Decemlier 1967

NATIONAL INCOME AND PRODUCT TABLES
1966
1965

1966

II

III

1967
II

IV

1966
III

1965

1966

II

Seasonally adjusted at annual rates

III

1967
IV

II

III

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)
683 9

743 3

736 7

748.8

762.1

766.3

775.1

791.2

616.7

652.6

649.3

654.8

661.1

660.7

664.7

672.0

433.1

465.9

461.6

470.1

473.8

480.2

489.7

495.3

398.4

418.0

415.2

420.4

420.4

424.2

430.6

431.5

__ . ___ __

66.0
191.2
175 9

70.3
207.5
188 1

68.2
207.1
186 3

70.9
209.5
189.8

70.6
210.3
192.9

69.4
214.2
196.6

72.5
217.2
200 0

72.7
218.5
204.1

66.4
178.9
153.2

71.3
187.7
159.1

69.3
187.7
158.2

71.9
188.8
159.8

71.1
188.4
160.9

69.7
191.8
162.6

72.9
193.6
164. 1

72.7
192.8
166.0

.__

107.4

118.0

118.5

116.4

122.2

110.4

105.1

112.2

98.0

105.6

106.5

103.6

108.4

96.9

91.3

96.4

98.0

104.6

104.5

104.9

103.7

103.3

104.6

108.4

89.1

93.0

93.1

93.0

91.2

90.2

90.9

92.9

71 1
25.1
46.0

80 2
27.9
52.3

78 7
27 5
51.2

81 2
28.2
53.1

82 8
27.7
55.1

81.9
27.7
54.2

81 5
26 3
55.2

82 8
26 6
56.2

66.0
21.9
44.1

72 8
23 6
49.2

71 7
23.4
48.3

73.6
23.7
49.9

74.2
23.0
51.2

73.0
22.9
50.1

72.6
21.7
51.0

73.2
21.5
51.7

27.0
26.4
5

24.4
23.8
5

25.8
25.3
5

23.7
23.2
5

20.9
20.4
.5

21.4
20.9
.6

23.1
22.5
6

25 6
25.0
6

23.2
22.7
.5

20 2
19.7
5

21.4
21.0
.5

19.4
19.0
.5

17.0
16.5
.5

17.3
16.8
.5

18.3
17.8
.5

19.7
19.2
.4

Change in business inventories
Nonfarm
Farm
_
_-

9.4
8 4
10

13.4
13 7
— 3

14.0
14 4
—.3

11.4
12 0
—.5

18.5
19 0
— .5

7.1
7.3
-.2

.5
6
—.l

3.8
34
.4

8.8
7.9
.9

12.6
12 9
—.3

13.4
13 7
-.3

10.6
11.1

17.2
17.7
-.5

6.7
6.8
2

.4
.5
-.1

3.5
3.2
.4

Net exports of goods and services

6 9

51

54

4 6

4 3

53

5.3

54

6 0

4 4

4 8

41

3.2

41

4.1

4.2

39 1
32 2

43 0
37.9

42 5
37 1

43 7
39 0

44 0
39.7

45 3
39.9

45 1
39 8

45 6
40.2

37 5
31.5

40 8
36 4

40 4
35.6

41 4
37.3

41.2
38.0

42.4
38.3

42.3
38.2

42.8
38.6

136 4

154 3

151 2

157 7

161 7

170 4

175.0

178 2

114 3

124 5

122 7

126 6

129 1

135.5

138.7

139.9

66.8
50.1
16 7

77.0
60.5
16.5

74.9
58.4
16 6

79.5
63.0
16 6

81.5
65.6
15.9

87.1
70.2
16 8

89.5
72.5
17 0

90.9
73.3
17.6

57.8

64.7

63.4

66.4

67.8

72.3

74.4

75.1

69 6

77 2

76 2

78 1

80 2

83 3

85 4

87 4

56 4

59 9

59 4

60.1

61.3

63 2

64.3

64.9

Gross national product.
Personal consumption expenditures

_

Durable goods
Nondurable goods..Services

-_

Gross private domestic investment

_

Fixed investment
Nonresident ial _
Structures .
._
Producers' durable equipment

.

Residential structures
Nonfarm
Farm

Exports
Imports

--

-_

Government purchases of goods and services
Federal
National defense
Other
_-

.

..

State and local .

._

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
683 9

743 3

736 7

748 8

762 1

766 3

775 i

791 2

616 7

652 6

649 3

654 8

661 1

660 7

664.7

672.

674 5
9.4

729 9
13.4

722 6
14 0

737 4
11.4

743 6
18.5

759.2
7.1

774 6
5

787 4
38

607 8
8.8

639 9
12.6

635 9
13.4

644.2
10.6

643.9
17.2

654.0
6.7

664.3
.4

668.
3.

346 6

379 6

375 7

381 8

391 7

388 1

392 1

398 7

330 0

353 7

351 0

354 7

361 1

356 6

359.5

362.

337.2
9.4

366.2
13.4

361 7
14.0

370.3
11.4

373.2
18.5

380.9
7.1

391.6
.5

394.9
3.8

321.2
8.8

341.0
12.6

337.6
13.4

344.1
10.6

343.9
17.2

349.9
6.7

359.1
.4

359.
3.

Durable goods
Final sales
Change in business inventories

139 5
132 8
6.7

154 6
144 7
9.9

151 4
141 6
9 7

155 7
145 8
9.9

161 1
148 3
12.8

153 9
150 5
3.4

155 5
156 0
— 6

161 4
157 9
35

136 3
129 8
6.5

150 0
140 6
93

147 3
138 0
9.3

150 8
141.6
9.2

154 2
142.3
11.9

146 6
143.6
3.0

148 3
148.9
-.6

153.
149.
3.

Nondurable goods
Final sales
Change in business inventories

207.1
204 4
2.7

225.0
221 5
35

224 4
220 1
4 3

226 1 230 6
224 5 224 9
15
57

234.2
230 5
3.7

236 6 237 3
235 5 237 o
11
3

193.7
191 4
2 3

203 7
200 4
33

203 7
199 7
4 1

203.9
202 5
1.4

206.9
201 6
5.3

210.0
206 3
3.6

211.2
210 2
1.0

209.
209.

Services .

262 9

287 2

283 5

291 6

296 9

303 1

307 8

313 5

222 3

235 2

233 5

237 9

239 8

242 7

244 4

246

Structures

74 4

76 5

77 4

75 5

73 5

75 2

75 2

79 0

64 4

63 7

64 7

62 2

60 2

61 3

60.8

62

654 8

661.1

660.7

664.7

672.
612

Gross national product
Final sales
Change in business inventories
Goods output

-

Final sales
C hange in business inventories

. .

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

._

683 9

_

743 3

736 7

748 8

762 1

766 3

775.1

791 2

616 7

652 6

649 3

616 1

Business
Nonfarm
Farm

_.

Households and institutions __

_

_ -

661 5

670 6

681 9

683 9

690 9

705 2

565 9

597 5

594 8

599 0

604 2

602 7

593.4
569 8
23.6

_

666 7

606.0

642.4
617 6
24.8

637.6
612 8
24 8

646.2
621 6
24 6

656.9
633 0
23 9

658.7
635 1
23 6

665.3
641 9
23 3

679.0
654 6
24 4

547.8
524 2
23 6

578.9
556 4
22 4

576.3
554 4
22 0

580.2
558 0
22 2

585.1
562.7
22.4

583.6
559.9
23.7

586.6
563.0
23.6

592.
568.
24.

18 5

20 1

19 7

20 3

20 6

21 1

21 4

21 2

14 0

14 7

14 4

14 8

14.9

15.1

15.3

15.

Rest of the world

4 2

4 2

4 2

41

4 4

41

4 2

4 9

41

4 0

41

40

43

4 0

4.0

4.

General government.

67 8

76 6

75 1

78 2

80 2

82 5

84 2

86 0

50 8

55 0

54 4

55 8

56 9

57 9

58.7

59.




CURRENT BUSINESS STATISTICS

A HE STATISTICS here update series published in the 1965 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.00) provides a description of eacli series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1961 through 1964 (1954-64 for major quarterly series), annually, 1939-64; for selected series,
monthly or quarterly, 1947-64 (where available). Series added or significantly revised after the 1965 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (f), respectively; certain revisions for 1964 issued too late for inclusion in the 1965 volume appear in the monthly
SURVEY beginning with the September 1965 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.
1961
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS

1964

1966

1 1965

III

I

II

1967

1966

1965
IV

III

IV

I

II

IV

| III

I

II

III

Annual total
Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
I

NATIONAL INCOME AND PRODUCTf
bil. $

632.4

683.9

743.3

638.9

645.1

662.7

675.4

690.0

708.4

725.9

736.7

748.8

762.1

766.3

775.1

791.2

Personal consumption expenditures, total

do

401.2

433.1

465.9

406.6

408.9

420.2

428.1

436.4

447.8

458.2

461.6

470.1

473.8

480.2

489.7

495.3

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

do
do
do

59.2
25.8
25.0

66.0
29.9
27.0

70 3
29.8
29.9

60.7
26.9
25.1

58. 7
24.6
25.6

65.2
30.4
25.8

64.2
29.2
26.1

66.1
29.8
27.3

68.6
30.3
28.9

71.6
31.4
29.4

68.2
28.5
29.1

70.9
29.8
30.6

70.6
29.6
30.6

69.4
27.3
31.4

72.5
29.7
31.9

72.7
29.9
32.1

Nondurable goods, total 9
Clothing and shoes
Food and beverages
Gasoline a n d o i l
_-__-_____

do
do
do
do _

178. 7
33 5
92 9
14.0

191.2
36 1
99 0
15. 1

207.5
40 3
106 7
16.2

181.3
34.2
94 0
14.1

182.9
34.5
95 1
14.3

184.6
34.6
95 6
14.3

189.8
35.6
98 3
15.1

192.4
36.2
99 4
15.3

198.0
37.8
102 5
15.7

203.2
39.5
105 2
15.8

207. 1
39.8
107 0
16.2

209.5
41.0
107.3
16.3

210.3
40.8
107.2
16.6

214.2
41.5
109.3
17.1

217.2
43.2
110.1
17.5

218.5
43.7
110.9
17.5

163.3
24.3
59 3
11.6

175.9
25.7
63 6
12.6

188. 1
27.0
67 1
13.6

164. 6
24.5
59.8
11.7

167.3
24.5
60.8
11.8

170.4
24.7
61.9
12.0

174.2
25.5
63.2
12.5

177.8
26.1
64.2
12.8

181.2
26.5
65.3
13.1

183.5
26.1
66.2
13.2

186.3
26.9
66.5
13.5

189.8
27.4
67.4
13.7

192.9
27.7
68.5
14.0

196.6
27.8
69.6
14.4

200.0
28.1
70.6
14.6

204.1
28.1
71.9
14.8

Iross national product, totalf

Services, total 9 _ _ _ _ _ _
Household operation
Housing
Transportation.

—

-

_

_ _

do
.do
do
_ do

_
_ _ _ _

Gross private domestic investment, total

do

94.0

107 4

118 0

94.2

97.9

105. 1

105. 1

108.2

112.3

115.2

118.5

116.4

122.2

110.4

105.1

112.2

Fixed investment
NonresidentiaL
_
_ _ _
Structures
Producers' durable equipment
Residential structures
_ _
Nonfarm
Change in business inventories _
Nonfarm

do
do
do
do
do
do
do
do

88 2
61. 1
21.2
39 9
27. 1
26 6
5.8
6.4

98 0
71 1
25.1
46 0
27 0
26 4
9 4
8 4

104 6
80 2
27.9
52 3
24 4
23 8
13 4
13.7

89 4
62.4
21.4
41 0
27.0
26 5
4 8
5.6

90 2
63.4
21.8
41 6
26.8
26 3
7.7
8. 1

94 4
67.3
23.1
44 1
27.2
26 6
10 6
10.1

96 3
69.3
24.7
44 6
27.0
°6 5
8.8
7.9

98.8
71.9
25.1
46.8
26.9
26 4
9.4
7.9

102.4
75.7
27.3
48.3
26.8
26.2
9.9
8.7

105.3
78.3
28.3
50.0
27.0
26.5
9.9
9.6

104.5
78.7
27.5
51.2
25.8
25.3
14.0
14.4

104.9
81.2
28.2
53.1
23.7
23.2
11.4
12.0

103.7
82.8
27.7
55.1
20.9
20.4
18.5
19.0

103.3
81.9
27.7
54.2
21.4
20.9
7.1
7.3

104.6
81.5
26.3
55.2
23.1
22.5
.5
.6

108.4
82.8
26.6
56.2
25.6
25.0
3.8
3.4

do
do
do

8.5
37.1
28 6

6.9
39. 1
32 2

5.1
43.0
37 9

8.7
37. 5
28 8

8.5
38.3
98

6.1
35.1
28 9

8.2
40.7
32 6

7.4
40.3
32.9

6.1
40.5
34 4

6.1
42.0
36.0

5.4
42.5
37.1

4.6
43.7
39.0

4.3
44.0
39.7

5.3
45.3
39.9

5.3
45.1
39.8

5.4
45.6
40.2

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

128.7
65 2
50.0
63 5

136.4
66 8
50. 1
69 6

154.3
77 0
60.5
77 2

129.4
65.2
49.8
64.3

129.8
64.5
48.9
65 3

131.3
64 3
48.4
66 9

133.9
65 4
49.2
68 6

138.1
67.6
50.3
70.4

142.3
69 8
52.4
72 5

146.5
72.1
55.1
74.3

151.2
74.9
58.4
76.2

157.7
79.5
63.0
78.1

161.7
81.5
65.6
80.2

170.4
87.1
70.2
83.3

175.0
89.5
72.5
85.4

178.2
90.9
73.3
87.4

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

__.do
do
do
do
do
do

626. 6
313.6
122. 8
190.7
9
44 2
68 8

674.5
337 2
132. 8
204.4
962 9
74 4

729.9
366.2
144.7
221. 5
287 2
76 5

634.1
318.5
124.9
193. 5
946 5
69 2

637. 4
317.9
123.3
194.7
0
50 1
69.3

652.0
325.9
129.6
196.3
°54 6
71.6

666.5
332.8
130.0
202. 9
260 1 {
73.6

680.6
340.2
133. 9
206.3
9
66 0
74.4

698.5
349 9
137.9
212. 0
971 o
77 6

716.0
359.6
143. 2
216.4
276 6
79 9

722.6
361.7
141.6
220.1
283.5
77.4

737.4
370.3
145.8
224.5
291.6
75.5

743.6
373.2
148.3
224.9
296.9
73.5

759. 2
380.9
150. 5
230.5
303.1
75.2

774.6
391.6
156.0
235.5
307.8
75.2

787.4
394. 9
157. 9
237. 0
313. 5
79.0

do
do
do

5.8
4 2
16

9 4
6 7
2 7

13.4
9 9
35

4.8
4 2
6

7.7
4 5
32

10.6
8 7
9 0

8.8
7 0
18

2 3

9.9
5 0
4 9

9.9
7 4
2 5

14.0
9.7
4 3

11.4
9.9
1.5

18.5
12.8
5.7

7.1
3.4
3.7

.5
-.6
1.1

3.8
3.5
.3

bil $

581 1

616 7

659 6

585 8

588 5

601 5

609 7

620 7

634 4

645 4

649 3

654.8

661.1

660.7

664.7

672.0

do

373.7

398.4

418.0

378.6

379.3

389.1

394.1

400.7

409.9

416.2

415.2

420.4

420.4

424.2

430.6

431.5

59 0
170.3
144 4

66 4
178.9
153 9

71 3
187.7
159 1

60 4
172.8
145 3

58 7
173. 5
147 1

65 0
174. 7
149 4

64 1
178. 0
15° 0

66 8
179.3
154 6

69 5
183.6
156 8

73 0
185.8
157 3

69 3
187.7
158 2

71.9
188.8
159 8

71.1
188.4
160 9

69.7
191.8
162 6

72.9
193.6
164.1

72.7
192.8
166. 0

do

87.8

98.0

105.6

87.6

90.8

95.9

95.9

98.3

101.6

104.0

106.5

103.6

108.4

96.9

91.3

96.4

do
do
do
do. _

81 9
57 8
24.2
5.8

89 1
66 0
23.2
8.8

93 0
72 8
20.2
12.6

89 8
58 9
23.9
4.8

83 2
59 7
23.5
7.6

86 6
6° 9
23.7
9.3

87 9
64 5
23.4
8.0

89 6
66 7
23.0
8. 7

99 4
69 7
22.6
9.2

94 5
71 8
22.8
9.5

93 1
71 7
21.4
13.4

93.0
73.6
19.4
10.6

91.2
74.2
17.0
17.2

90.2
73.0
17.3
6.7

90.9
72.6
18.3
.4

92.9
73.2
19.7
3.5

Net exports of goods and services
Exports
Imports

__.

_

_

Change in business inventories..,
Durable goods
_____
Nondurable goods

__

9

GNP in constant (1958) dollars
Jross national product, totalf

_

Persona] consumption expenditures, total
Durable goods_ - _ _ _
Nondurable goods
Services

do
do
do

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

. .

!

do

8.3

6 0

4 4

8 4

7 9

5 2

6 8

6 4

56

5 4

4 8

4.1

3.2

4.1

4.1

4.2

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

111.2
58 1
53^2

114.3
57 8
56.4

124.5
64 7
59! 9

111.2
57 8
53! 5

110.5
56 7
53! 8

111.3
56 3
55.0

112.9
57 1
55.8

115. 3
58 5
56.' 7

117.4
59 3
58.' 0

119.9
61 2
58.' 7

122.7
63 4
59.4

126.6
66 4
60.1

129.1
67 8
61.3

135.5
72 3
63.2

138.7
74.4
64.3

139.9
75.1
64.9

Net exports of goods and services

r
Revised.
p Preliminary.
| Revised series. Estimates of national income and
product and personal income have been revised (see p. 13 IT. of the July 1967 SURVEY for
data beginning 1964; for data prior to 1963, see p. 11 ff. of the July 1966 SURVEY); revisions




prior to May 1966 for personal income appear on p. 21 of the July 1967 SURVEY and those
for periods prior to 1963 on p. 18 it. of the July 1966 SURVEY.
9 Includes data not shown
separately.

S-l

SURVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS

1964

|

1965

| 1966

Annual total

IV

III

II

I

IV

III

II

I

1968

1967

1966

1965
I

December 1967

II

III

IV

I

i

GENERAL BUSINESS INDICATORS— Quarterly Series— Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
National income totilf
bil $
Compensation of employees total
do
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
Nonfinancial corporations total
do
Manufacturing total
do
N endurable goods industries
do
Durable goods industries
do
Transportation, communication, and public
utilities
bil $
All other industries
do
Corporate profits before tax total
do
Corporate profits tax liability
- do _
Corporate profits after tax
do
Dividends
do
Undistributed profits
do
Inventory valuation adjustment
do
Net interest
do
DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income total
bil $
Less: Personal tax and nontax payments
do
Equals' Disposable personal income
do
Less' Personal outlays©
do
Equals' Personal saving§
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries _
bil. $
Manufacturing __
do
Durable goods industries. _ _ _ _ _ _ d o
Nondurable goods industries
do_
Mining.
_
do
Railroad
do
Transportation, other than rail
do_
Public utilities _ _
do
Communication
do
Commercial and other
do
Seas. adj. qtrly. totals at annual rates:
All industries
_
_ _ do
Manufacturing
do
Durable goods industries
do_
Nondurable goods industries
do
Mining
__
do
Railroad
do
Transportation, other than rail _ _
do
Public utilities..
.,
do
Commercial and other
do-_.
U.S. BALANCE OF INTERNATIONAL
PAYMENTSc?
Quarterly Data Are Seasonally Adjusted
(Credits -f ; debits — )
Exports of goods and services (excl. transfers under
militarv grants)
mil $
Merchandise, adjusted, excl. military
do
Military sales. _ _
do
Income on U.S. investments abroad
do
Imports of goods and services
Merchandise, adjusted, excl. military

do
do

Income on foreign investments in the U.S. .do
Other services
do
Unilateral transfers, net (excl. military grants);
transfers to foreigners ( — )
mil $
Transactions in U.S. private assets, net; increase
(— )
mil $
Transactions in U.S. Govt. assets, excl. official
Transactions in U.S. official reserve assets, net;
increase ( )
mil %
Transactions in foreign assets in the U.S., net (U.S.
liabilities); increase (-f)
__
mil. $
Liquid assets
_
_. do
Other assets
do,_
Unrecorded transactions
do
Balance on liquidity basis— increase in U.S. official
reserve assets and decrease in liquid liabilities to
Balance on official reserve transactions basis— increase in U.S. official reserve assets and decrease in
liquid and certain nonliquid liabilities to foreign

518.1
365.7
333.7
269.4
11.7
52.6
32.0
52.3
40.2
12.1
18.0

562.4
393.9
359.1
289.8
12.1
57.1
34.9
56.7
41.9
14.8
19.0

616.7
435.7
394.6
316.7
14.7
63.2
41.1
59.3
43.2
16.1
19.4

544.9
381.5
347.7
280.8
11.8
55.1
33.8
55.0
41.4
13.6
18.6

555.3
388.6
354. 2
286.2
11.7
56.3
34.5
56.7
41.7
15.0
18.9




582.8
408.4
372.4
300.0
13.1
59.4
36.0
57.8
42.5
15.3
19.2

600.3
420.8
381.3
306.9
13.6
60.7
39.5
60.0
42.8
17.1
19.2

610.4
430.7
390.2
313.8
14.2
62.2
40.5
59.3
43.3
16.0
19.3

622.1
441.2
399.6
320.1
15.1
64.3
41.6
59.2
43.3
15.9
19.4

634.1
450. 2
407.4
326.1
15.8
65.6
42.7
58.6
43,4
15.1
19.6

636.4
459.1
414.7
331.4
16.1
67.3
44.4
57.8
43.2,
14.6
19.8

641.6
463.4
418.3
333.2
16.2
68,9
45.2
57.8
43.4
14.3
20.0

r

653. 4
472.6
426 °
339.4
16.3
70.6
46.4
58.8
43.8
15.0
90 2

66.3

74.9

82.2

72.6

73.4

74.9

78.7

81.1

81.3

81.9

84.6

78.1

78.3

r 79 9

7.9
58.4
32.7
14.9
17.8

8.4
66.5
38.7
16.5
22.2

9.3
72.9
43.1
18.7
24 .4

8.2
64.4
37.5
15.9
21.6

8.4
65.0
37.7
16.0
21.6

8.4
66.5
38.6
16.5
22.1

8.6
70.0
41.0
17.4
23.7

8.9
72.2
42.7
18.3
24.3

9.0
72.2
42.5
18.5
24.0

9.5
72.4
42.7
18.8
23.9

9.6
75.0
44.4
19.2
25.3

9.6
68.5
39.6
18.4
21.1

9.5
68.8
38.9
17.8
21.1

'9.6
'69.6
38 °
17.7
20.5

10.1
15.5
66.8
28.3
38.4
17.8
20.6
-.5
15.8

11.2
16.6
76.6
31.4
45.2
19.8
25.4
-1.7
17.9

11.9
18.0
83.8
34.5
49.3
21.5
27.8
-1.6
20.2

10.6
16.3
74.0
30,3
43.7
18.7
25.0
-1.4
17.1

10.9
16.5
75.6
30.9
44.6
19.4
25.2
-2.1
17.6

11.2
16.7
75.8
31.1
44.8
20.2
24.6
-.9
18.2

12.0
17.0
80.8
33.1
47.7
20.9
26.8
-2.2
18.8

11.7
17.8
83.7
34.5
49.2
21.4
27.8
-2.6
19.3

12.0
17.8
83.6
34.5
49.2
21.6
27.6
-2.3
19.8

11.8
17.9
84.0
34.6
49.4
21.6
27.8
-2.2
20.4

12.0
18.6
83.9
34.6
49.3
21.2
28.2
.7
21.1

11.7
17.3
79.0
32.5
46.5
22.2
24.2
-.8
21.6

11.9
18.0
78.9
32.5
46.5
23.1
23.4
-.7
22.1

12.1
19.3
'80.0
'32.9
'47.1
23.4
'23.6
-.8
22.7

497. 5
59.4
438.1
411.9
26.2

537.8
65.6
472.2
445.0
27.2

584.0
75.2
508.8
479.0
29.8

520.3
64.3
456.0
431.6
24.5

530.1
66.1
464.0
439.9
24.0

544.6
65.2
479.4
448.5
30.9

556.1
66.7
489.4
460.1
29.3

567.8
70.4
497. 5
470.9
26.6

577.3
74.1
503.3
474.6
28.7

589.3
76.9
512.4
483.2
29.2

601.6
79.6
522.0
487.4
34.6

612.9
80.2
532.7
493.9
38.8

619.1
79.1
540.0
504.0
36.0

631. 0
82.8
548, ?
509.6
38.5

44.90
18.58
9.43
9.16
1.19
1.41
2.38
6.22
4.30
10.83

51.96
22.45
11.40
11.05
1.30
1.73
2 81
6.94
4.94
11.79

60.63
26.99
13.99
13.00
1.47
1.98
3.44
8.41
5.62
12.74

10.79
4.54
2.25
2.28
.29
.39
.58
1.32
1.08
2.59

12.81
5.47
2.76
2.70
.33
.44
.77
1.71
1.24
2.85

13.41
5.73
2.91
2.82
.32
.44
.72
1.88
1.22
3.10

14.95
6.72
3.48
3.24
.35
.46
.73
2.04
1.41
3.25

12.77
5.61
2.87
2.74
.33
.40
.75
1.60
1.26
2.83

15.29
6.78
3.51
3.27
.40
.55
1.00
2.09
1.42
3.06

15.57
6.84
3.54
3.30
.37
.48
.82
2.36
1.36
3.33

17.00
7.75
4.07
3.68
.38
.55
.86
2.36
1.58
3.52

13.59
6.10
3.08
3.02
.32
.41
.70
1.84
1.35
2.87

15. 61
6.81
3.46
3.34
.34
.41
1.12
2.46
1.49
2.99

' 15. 40 'i 16. 87 2 14.32
'7.46
6.07
'6.48
3.17
'3.33 '3.90
2.90
'3.15 '3.55
' .40
.37
'.37
.37
.34
' . 35
'1.08
1.10
'.C8
2. 22
' 2. 66 '2.63
1.46
34.22
'3.09 '3 4. 95

49.00
20.75
10.40
10.40
1 95
1.75
2.55
6.80
4.55
11.30

50.35
21.55
10.80
10.70
1.30
1.55
2.70
6.85
4.80
11.60

52.75
23.00
11.75
11.25
1.25
1.70
3.00
6.75
5.05
11.95

55.35
24.15
12.45
11.70
1.35
1.95
3.00
7.30
5.30
12.25

58.00
25.60
13.15
12.45
1.40
1.75
3.30
8.25
5.35
12.35

60.10
26. 80
13. 85
12.95
1.55
2.00
3.50
8.30
5.50
12.45

61.25
27.55
14.35
13.20
1.45
1.85
3.40
8.55
5.60
12.85

62.80
27 75
14.50
13.25
1.45
2.35
3.50
8.50
5.95
13.30

61.65
27.85
14.20
13.70
1.40
1.80
3.05
9.20
5.75
12.55

61.50
27.00
13. 75
13.25
1.30
1.55
3.90
9.70
5.80
12.25

'
'
'
'

43, 039
29, 168
847
6, 245
6,779
-37, 937
-25, 510
-3, 694
-2,074
-6,659

8,768
5,628
210
1,499
1,431
-7, 232
-4, 669
-671
-401
-1,491

10, 180
6,880
192
1,562
1,546
-8, 139
-5, 475
-711
-424
-1,529

10, 080
6,811
230
1,474
1,565
-8, 233
-5, 556
-754
-435
-1,488

10,119
6,925
212
1,353
1,629
-8, 599
-5, 772
-785
-469
-1,573

10,511
7,203
209
1,469
1,630
-8,997
-6, 025
-861
-475
-1, 636

10,618
7,181
222
1. 535
1,680
-9, 265
-6, 225
-911
-471
-1, 658

10,913
7,382
206
1,587
1, 738
-9, 762
-6, 580
-953
-565
-1, 664

10, 997
7,402
210
1,654
1,731
-9,913
-6, 680
-969
-563
-1, 701

— 2,925

-664

-775

-725

-660

-851

-733

-709

-632

37, 099 39, 147
25, 297 26,244
844
747
5,888
5,389
5,666
6, 171
-28, 637 -32, 203
-18,621 -21,472
-2,861 -2, 921
-1,455 -1, 729
-5,700 -6, 081
2 789

2 824
-3, 743

-4,213

-1,657

-389

-885

-812

-981

-1, 135

-1,674 -1,575

-1,531

-396

-490

-244

-445

-365

-500

-6, 542

171

1 222

568

3,314
2,629
685
-949

391
113
278
-415

3,301
789
2,512
-302

-2, 800

-1,335

-1,357

842
286
-24
310
53

-818

68

-342
-267
-75
-113
199

239
-834
225
-1,548 -1,304
Revised.
p Preliminary.
Estimates for Oct.- Dec. 1967 based on anticipated capital expendit ures of bu siness.
Estimates for Jan.-Mar. 1968 based on antici pated cap ital exp enditures of bushicss.
Anticipated expenditures for the year 1967 are as foil DWS (in bi .$) : All i ndustries, 61.48; rn anufacturing, total, 26.84; durable goods industries, 13.78; nondiarable goods indiistries, 1 3.07;
mining, 1.43; railroad, 1.55; transportation, 3.88; pu blic utilit es, 9.59; commerci al and o ther
(incl. communication), 18.20.
3 includes commurlication.
r
1
2

566.5
397.2
362.0
292.1
12.1
57.8
35.2
57.2
42.0
15.2
19.1

41

271

424

68

211
416
-205
-245

236
-12
248
-110

492
227
265
-233

1,145
54
1,091
-198

-457

-259

-651

-122

-932 -1,165
-328
82

-338

'11,361 ' 11, 362pll, 479
' 7, 676 ' 7, 717 p7, 644
J>205
'336
339
r
l, 578 ' 1, 547 pi, 834
1,768 ' 1, 762 Pl, 796
^-10,00 -10,038 p-10,llC
r -6, 662 ' -6, 558 p-6, 555
-1,045 ^-1,070 p— 1,072
' -547 p-583
-557
-1, 740 ' -1,863 p-1,900
-728

1,205
425
780
-148

-165

-419

r

-852

:::::::

p-864

' -957 ••-1, 137 p-1,695
-737

' -556

p-473

1,027

-419

p-375

'325

pi, 884

-287

' 2, 193
'966
' 1, 227
' -553

r -529

' -547

p-636

r

-6

459
83
376
277

60. 90 'i 62. 05 265.05
26. 15 ' 26. 55 27. 75
14.60
13. 50 ' 13. 75
13.15
12. 65 ' 12. 80
'1.50
1.60
'1.45
1.45
1.50
' 1.40
4.75
'4.45
'4.10
11.15
'9.60
'9.80
6.05
'11.95 '3 18. 50 s 18. 35

r

-498

'823
r

pi,on

P873
P154

p470 i
-18 '-1,82 ' -828
861
-443
-175
-916
207
tSe e corresponding n ote on p. S-l.
91acludes inventorj' valuaticn adjust ment.
er ersonal outlays (join prise personal consum ption expenditur es, inter est paid by consume rs, and p ersonal t ransfer p ayments to foreigilers.
§Pc;rsonal sa ving is e xcess of d isposabl 3 income over per sonal oin lays,
e, Sept., and Dec.
cfA lore com alete det ails are gi ven in th e quarter y review s in the 1tfar., Jun
issues of the SiJRVEY; q uarterly revisions back to I960 are o n p. 22 ff of the Se pt. 1967 SURVEY.

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