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BUSINESS STATISTICS THE DATA here are a continuation of the statistics published in the 1947 Statistical Supplement to the SURVEY OF CURRENT BUSINESS. That volume contains monthly data for the years 1941 to 1946, and monthly averages for earlier years back to 1935 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1941. Series added or revised since publication of the 1947 Supplement are indicated by an asterisk (*) and a dagger (f), respectively, the accompanying footnote indicating where historical data and a descriptive note may be found. The terms "unadjusted" and "adjusted" used to designate index numbers refer to adjustment of monthly figures for seasonal variation. Data subsequent to November for selected series will be found in the Weekly Supplement to the Survey. Unless otherwise stated, statistics through 1946 and descriptive notes may be found in the 1947 Supplement to the Survey 1948 1947 November December January February March April May June July August Septem- October November GENERAL BUSINESS INDICATORS NATIONAL INCOME AND PRODUCT! Seasonally adjusted quarterly totals at annual rates: National income, total bil. of dol Compensation of employees, total do Wages and salaries, total do Private do Military _ _ _ do Government civilian do Supplements to wages and salaries _ do Proprietors' and rental income, total do Business and professional do Farm do Rental income of persons do Corporate profits and inventory valuation adjustment total bil. of dol Corporate profits before fax, total d o _ _ . Corporate profits tax liability do Corporate profits after tax do Inventory valuation adjustment do Net interest do 212.8 132.2 127.1 109.5 3.6 14.0 5.0 48.6 24.7 16.5 7.4 215.1 133. 7 128.8 111.1 3.5 14.2 4.9 50.6 25.0 18.0 7.5 221.7 134.2 129.3 111.2 3.6 14.5 5.0 51.8 25.4 18.9 7.6 227 3 140.6 135 6 116 4 3.7 15 6 50 50 2 24 8 17.9 7 5 27.5 32.4 12. 7 19.7 -4.9 4.5 26.2 31.4 12.2 19.2 -5.3 4.6 30.9 33.4 13.0 20.4 -2.5 4.7 31.7 35.6 13.9 21.7 Gross national product, total do Personal consumption expenditures total do Durable goods do Nondurable goods do Services do Gross private domestic investment do New construction do Producers' durable equipment do Change in business inventories do Net foreign investment do Government purchases of goods and services, total bil of dol Federal (les^ Government sales) do State and local do 243.8 171.1 22.1 100.2 48.8 35.4 14.0 18.9 2.5 8.2 244.9 172.1 21.2 101.2 49.7 38.7 14.3 19.8 4 6 3.9 250.4 176.5 22.6 103.2 50.6 37.6 14.4 20.9 2.3 2.9 255.9 178.5 23.6 102.9 51.9 39.0 14.8 21.4 2.8 ,7 29.0 15.5 13.5 30.1 17 6 13.7 33.5 19.3 14.7 37.7 22.6 15.5 Personal income total Less' Personal tax and nontax pavments Equals* Disposable personal income Personal savings § 203.1 22.2 180.9 9.7 207 3 23.2 184 1 12.0 209.0 20.8 188.2 11.7 213.9 20.2 193.7 15.2 do do do do 3 g 4.' 8 • PERSONAL INCOME BY SOURCEt Seasonally adjusted, at annual rates: Total personal income bil. of dol. . Wage and salary receipts, total __ _ do Employer disbursements, total do___ Commodity-producing industries do Distributive industries _ _ _ _ _ _ d o Service industries do Government. do_ Less employee contributions for social insurance bil. of dol__ Other labor income __ _. _-. _ _ do Proprietors' and rental income _ do Personal interest income and dividends do Total transfer payments _ _ _ _ _ do Total nonagricultural income do 201.4 125. 5 127.3 57.4 37.1 15.2 17.6 207.7 127.4 129.4 59.2 37.4 15.2 17.6 209.4 127.5 129. 7 59.3 37.5 15.3 17.6 206.8 126.9 128.9 58.0 37.8 15.4 17.7 205.6 125.7 127.8 57.0 37.5 15.4 17.9 207.4 125.0 127.0 56.3 37.2 15.6 17.9 207.2 126.8 128.8 57.2 37.9 15.6 18.1 212.3 129.7 131.9 59.6 38.2 15.8 18.3 212.9 131.8 134.0 60.0 39.0 16.2 18.8 214.6 134.3 136.5 61.3 39.5 16.3 19.4 214.9 134.7 137.0 62.0 39.3 16.1 19.6 215.6 ' 135. 0 137. 3 62.0 '39. 4 '16.1 '19.8 216.7 135.2 137.5 62.3 39.0 16.2 20.0 1.8 1.9 47.1 16.1 10.8 2.0 1.9 51.3 16.2 10.9 2.2 1.9 52.4 16.5 11.1 2.0 2.0 50.0 16.6 11.3 2.1 1.9 49.3 16.6 12.1 2.0 2.0 51.9 16.7 11.8 2.0 2.0 50.7 16.8 10.9 2.2 2.0 52.8 16.8 11.1 2.2 2.1 51.0 17.0 11.0 2.2 2.1 50.0 17.3 10.9 2.3 2.1 50.1 17.5 10.5 2.3 2.1 "SO. 5 17.7 r !0.3 2.3 2.1 51.1 18.0 10.3 181.4 184.2 184.7 184.5 184.1 183.7 184.4 187.7 189.3 191.6 192.5 ' 192. 6 193.1 r NEW PLANT AND EQUIPMENT EXPENDITURES r 4, 830 4,940 All industries, total _ _ _ mil. of dol ' 4, 820 4,170 690 620 Electric a n d g a s utilities _ _ _ _ _ _ _ do _ 640 500 r 2, 090 2,290 Manufacturing do 1,800 2,140 200 Mining _ _ _ _ _ _ _ _ do _ 210 180 200 '310 '330 300 Railroad do 270 170 190 180 190 Other transportation do 1,360 Commercial and miscellaneous do 1,340 1,340 1,240 r Revised. i Estimated based on anticipated capital expenditures of business. § Personal sayings is excess of disposable income over personal consumption expenditures shown as a component of gross national product above. f Revised series. Estimates of national income, gross national product, and personal income have been revised beginning 1944; see pp. 27-29 of the July 1948 Survey for the revised figures. 818342°—49 S-l