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SURVEY OF CURRENT BUSINESS

August 1972

11

NATIONAL INCOME AND PRODUCT TABLES
1971
1970

1971

I

II

1972

III

IV

1971

I

II

1970

1971

I

II

Seasonally adjusted at annual rates

1972
III

IV

I

II

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

976. 4 1,050. 4 1,023.4 1,043.0 1,056.9 1,078. 1 1,109.1 1,139.4

_- . _ ..

Durable goods
Nondurable goods
Services

Residential structures
Nonfarm
Farm

..

742 5

754 5

766 5

783 9

670.7

680.5

696.1

713.4

477.0

495.4

488 2

493 0

497 4

503 2

511 0

520 9

103.5
278.1
283.3

99.8
273.4
274.8

101.9
277.2
281.3

106.1
278.5
286.1

106.1
283.4
290.9

111.0
288.3
296.7

113.9
297.2
302.4

83.1
207.0
186.8

92.1
211.1
192 2

88.8
210.0
189 3

90.0
211.2
191 8

94.2
210.5
192 8

95 4
212.8
195 0

98 6
214 7
197 7

100 7
220 1
200 0

152.0
148 3

143.9
139.0

153.0
146.4

152. 2
150.9

158.8
157.2

168.1
167 7

177.0
172.0

104.0
99 9

108.6
105 9

105 0
101 2

110 0
104 7

107. 3
106 6

112 0
111 3

116 6
116 3

122 0
118 0

105. 8
38.4
67.4

101.9
37.6
64.3

105.0
38.3
66.7

106.3
38.7
67.6

109.8
38.8
71.0

116.1
41.3
74.8

119.2
42.0
77.2

77.6
23.6
54 0

76.8
22.8
54 0

75 3
23.4
51 9

76 4
23.0
53 3

76 4
22.5
53 9

79 2
22.2
57 0

82 2
23 0
59 2

83 6
23 0
60 6

31.2
30.7

._

737.9

660.4

100.9
36.0
64.9

Nonresidential
_
.
Structures .
Producers' durable equipment

731.9

648.0

137.1
132.2

Gross private domestic investment
Fixed investment

741.7

664.9

90.5
264.4
261.8

_

722.1

616.8

Personal consumption expenditures

42.6
42.0

37.0
36.6

41.4
40.9

44.5
43.9

51.6
51 0

52.8
52.1

.6

22.3
22 0

.6

29.1
28 7

25. 9
25 5

28 3
28 0

4

30.1
29 7
5

32.1
31 7
4

34 2
33 8
4

34 4
34 0
4

41

2 6
16

38
30

.8

53
4 0
13

7
— 6
1.3

7
— i
.8

3
— i
.3

39
34
5

.5

.7

47.3
46.7-

.4

4

3

3.6
2.4
1.2

4.9
3.9
.9

6.6
5.1
1.5

1.3
-.2
1.6

1.7
.8
.9

4
.1
.3

5.0
4.3
.7

4.0
.0

3.6

Net exports of goods and services

.5

4.9
4.8
.1

Change in business inventories
Nonfarm
Farm
.-

.6

7

4.5

1

4

-2 1

—4 6

-5.2

22

1

27

—• 7

1

—1 8

—3 3

—2 8

52.2
50 0

52.6
52 5

53.0
50 3

53.0
53 8

54.4
54 3

49.9
51 7

55.5
58 9

54 2
57 0

.5

.6

1.1

.-

62.9
59.3

66.1
65.4

66.3
61 8

66.7
66.6

68.5
68 2

63.0
65 1

70.7
75 3

70.0
75.2

Government purchases of goods and services

219.0

232.8

227.0

229.5

233.6

240.9

249.4

254.1

139.0

137.6

136. 1

135.7

137. 6

141.1

142.2

143.9

96.5
75.1
21.5

97.8
71.4
26.3

96 2
72.5
23.7

96.3
71.2
25.0

97 9
70.1
27.8

100 7
71.9
28.7

105 7
76.7
28.9

108.1
78.6
29.6

64 7

60 8

60 2

59 7

61 0

62 3

62 8

63 7

122.5

135.0

130.8

133.3

135.7

140.2

143.7

146.0

74.3

76.8

75.9

76.0

76.7

78.8

79.4

80.3

Exports
Imports

_

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)
976.4 1 050.4 1 023.4 1,043.0 1,056.9 1 078.1 1 109.1 1 139 4

Gross national product
Final sales.-.- __
Change in business inventories

_ _
_• .

-

722 1

741 7

731.9

737.9

742.5

754.5

766.5

783.

971. 5 1 046.7 1, 018. 5 1 036. 4 1,055.6 1, 076. 4 1 108.6 1 134 4

718.0

739.1

728.1

732. 6

741.7

2.6

3.8

5.3

.7

766.3
.3

780.

4.1

753.8
.7

4.9

3.6

4.9

6.6

1.3

1.7

.4

5.0

3.

-

471.9

495 5

487 1

492 4

497.5

504.8

517 6

537 1

385 8

393 8

389.4

391.0

394.5

400.4

407.0

420.

Final sales Change i n business inventories

467.0
4.9

491. 8

485 8

503.1

5.0

391.2

2.6

385.6
3.8

385. 7

1.7

381 7
4 1

5.3

393.7
.7

399.7
.7

403.8
.3

416.

.4

532.1

6.6

496.2
1.3

517.2

3.6

482.2
4.9

184.9
183.0

195.7
194.6

193.3
189.6

209 2
208 8

164.5
163.8

162.7
159.8

162.8
160. 0

.6

2.9

2.8

167.4
169.5
-2.1

181.
179.

1.4

164.9
166.0
-1.1

175.0
174.8

3.7

198.2
200.1
—1.9

160 0
158.6

1.1

196 7
197.7
—1.0

217.6
214. 6

1.9

194 5
191 0
36

.3

2.

308 4
308 4

319. 6
317.5

229 4
227.3

226.6
225.8
.9

228. 3
225. 7

229. 5
227,7

232.0
232.0
.0

239.
237.

1.9

233.0
230.2
2.8

278.4

282.3

285.2

289.,

69.6

71.8

74.3

74. (

Goods output

_ _ _ _ _ _

Durable goods
_
Final sales
_
_ _ _
Change in business inventories
Nondurable goods- _ _
Final sales. _ - _
Change in business inventories
Services
Structures

_ _

287.0
284.0
3.0

299 8
297 3

2.5

293 8
292 6

1.2

297 9
294 8
31

300 8
298 5
23

306 6
303 0
35

4

3.0

2.1

0

225 8
223 2
2 6

278 4

274.8

278.2

69 5

67.7

68.8

409 2

_ _ _

443 9

431 3

441 1

446 7

456 3

467 3

477 3

272 5

95 4

111 0

105 0

109 5

112 7

117 0

124 2

125 0

63 8

2.0

2.6

3.

1.

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 _ - _

976.4 1 050 4 1 023 4 1 043 0 1 056 9 1 078 11 109 11 139 4

722 1

741.7

731.9

737.9

742.5

754.5

766.5

783.1

861.8

925 6

901 4

919 3

931 4

950 2

976 6 1 005 0

661 3

681 0

671.3

677.5

681.7

693.7

705.6

723. (

826 3
797 3
28 9

884 7
853 9
30 9

862 7
832 8
29 9

878 7
848 5
30 2

890 9
859 6
31 2

906 6
874 5
32 1

933 7
901 8
31 9

960 4
927.8
32.6

640 7
616 0
24 7

658 5
633.0
25.5

649.7
623. 9
25.8

654.8
629. 3
25.4

659.8
633.9
25.9

669.8
644.8
25.0

682.9
659. 2
23.8

699. J
676.
23. 1

30 9

33 9

33 0

33 2

34 3

35 1

36 0

37.3

16 7

16 9

16.9

16.7

16.9

17.1

17.4

17. '

4 6

6 9

5 7

74

62

85

68

7.2

4 0

5.6

4.7

6.0

5.0

6.8

5.4

5J

114 7

124 8

122 1

123 7

125 5

127 9

132 5

134 4

60 7

60 7

60 6

60.5

60.8

60.8

60.9

60.!

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 1972 issue has
data for 1968-71. BEA will provide on request a reprint of final data for the years 1964-67. Prior July issues have final data as follows:
1964-65, July 1968; 1965-66, July 1969; 1966-67, July 1970; 1967-68, July 1971.




CURRENT BUSINESS STATISTICS

J.HE STATISTICS here update series published in the 1971 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CUERENT 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

1970

II

HI

| IV

Annual total

I

|

II

1971

[ III

I

IV

II

1972

III | IV

I

II

Seasonally adjusted quarterly totals at annual rates

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

930.3

976.4 1,050.4

923.6

941.7

948.9

958. 0

971. 7

986.3

989.7 1,023.4 1,043.0 1,056.9 1,078.1 1,109.1 '1,139.4

Personal consumption expenditures, total

do

579.5

616.8

664.9

575.8

583.7

594.4

604.1

613.4

623.0

626.5

648. 0

660.4

670.7

680,5

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

do
do
do

90.8
40.2
37.1

90.5
37.3
39.0

103.5
46.7
42.0

91.0
39.8
37.5

90.6
40.2
37.1

91.6
39;2
3&8

92.6
39.4
38.8

87. 5
33iO
39:6

99.8
44.9
41.0

101.9
45.4
41.4

106. 1
48.8
41.9

•HWiJ ' 111. 0 •'113.9
47.9
49.9
51.3
46. 5 '46.8
43.5

Nondurable goods, total'9
Clothing and shoes Food and beverages
Gasoline and oil

do
do____
do
do

245.9
50.2
120.6
20.9

264.4
52.0
132. 1
22.2

278.1
56.9
136.4
23.5

245.1
50.4
120.2
20.7

247.3
60.7
120. 8
21.2

251. 1
51.1
122. 6
21.5

257.8
51. 1
128.0
21. 8

262.4
51.8
131.2
22. 0

266.3
61. 7
133.9
22.3

271.3
53.6
135.2
22.8

273.4
55.1
135 1
23.0

277.2
56.7
135.9
23.0

278. 5
57. 4
136.6
23.5

283. 4
58. 5
137.9
24.3

288.3 '297.2
59. 4 '61.5
140.3 '144 1
24.6 '24.5

242.7
33.8
84.1
16.6

261.8
36.3
90.9
18.2

283.3
39.5
99.2
19.9

239.6
33.0
83.1
16.5

245.8
34.0
85.0
16.8

251.9
35.1
87.2
17.1

256.1
35.3
88.7
17.7

269.4
35.9
90.1
18.0

264.1
36.9
91.4
18.5

267. 7
37.2
93.4
18.8

274.8
38.0
95.8
19.3

281.3
39.1
98.1
19.8

286. 1
40.0
100.3
20.2

290,9
40.7
102. 5
20. 4

296.7 '302.4
41.2 ' 42. 7
104.2 '106.1
21.5
2,1.0

Gross national product, totalf

Services, total 9
Household operation
Housing
Transportation

*

--

- -

/_.,„_:
-

- -

do
do
do
_do__

91.4 i. 90.2
40.6 1 37.8 i
37.5
38.7

696.1 '713.4

139.0

137.1

152.0

138.6

143. 8

137.9

132.9

137.7

139.9

137.8

143. 9

153. 0

152.2

158.8

168. 1 ' 177. 0

do
do
do
do _
- do
_do____
do
do

131.1
98.5
34.2
64.3
32.6
32. 0
7.8
7.7

132.2
100.9
36.0
64.9
31.2
30.7
4.9
4.8

148.3
105. 8
38.4
67.4
42.6
42.0
3.6
2.4

130.4
96.9
33.4
63.5
33.5
33.1
8.1
8.0

133.2
100.2
35.4
64.8
33.0
32.0
10.6
10.6

132.3
101.4
35.8
65.7
30.9
30.5
5.6
5.4

131.4
100.2
35.5
64.8
ot 2
30,6
1.6
1.4

131.4
101.7
36. 1
65.6
29.7
29.4
6.3
6.2

133.7
103. 4
36.2
67.2
30.3
29.9
6.2
6.1

132.1
98.5
36.3
62.1
33.6
33.0
5.7
6.6

139.0
101.9
37.6
64.3
37.0
36,6
4.9
3.9

146.4
105.0
38.3
66.7
41.4
40.9
6.6
5.1

150.9
106.3
38.7
67.6
44.5
43.9
1.3
— 2

157.2
109.8
38.8
71.0
47.3
46.7
1.7
.8

167. 7 '172.0
116.1 ' 119. 2
41.3 ' 42. 0
74.8 '77.2
51.6 '52.8
51.0 ' 52. 1
.4
'5.0
'4.3
.1

do
do
do

1. 9
55.5
53.6

3.6
62.9
59.3

.7
66.1
65.4

1.1
66.8
55.8

2.6
68.1
55.5

2.7
59.2
56.5

3.6
61.6
57.9

3.9
63.0
59.2

4.0
63.7
59.8

2.8
63.2
60.4

4.5
66.3
61.8

.1
66.7
66.6

.4
68.5
68.2

-2. 1
63.0
65.1

-4.6 '—5.2
70.7
70.0
75.3 '75.2

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

210.0
98.8
78.4
111.2

219.0
96.6
75.1
122,5

232.8
97.8
71.4
135.0

208.1
97.6
77.3
110.4

211. 6
99.3
79.4
112 3

214.0
99.4
78.9
114.6

217.3
99.7
78.9
117 6

216. 7
96.2
74.7
120 5

219.5
95.2
73.8
124 3

222.6
95.0
72.9
127 6

227. 0
96.2
72.5
130 8

229.5
96.3
71.2
133.3

233.6

240.9
100.7
71.9
140.2

249.4 '254.1
105.7 ' 108. 1
76.7
78.6
143.7 ' 146. 0

By major type of product:!
Final sales, total,. ...
Goods, total
_ *.
Durable goods
iSTondur&ble goods
Services
Structures

_ _ do .
do
do
do
do
db

922.5
449.7
182 3
267.4
377.9
94 9

971.5 1,046.7
491.8
467 0
194 6
183 0
284.0 297.3
409.2 443.9
95 4
111.0

915.4
447.1
180 3
266.8
372.4
95 9

931.1
451 8
183 0
268.8
383.2
96 1

943.4 956 4
458.0 462 3
184 7
184 4
273.3 277.8
39X1.9 • 400 6
93,4
93' 6

965.5
467 3
185 2
282. 1 405 1:
93 T

980.2
472 7
187 4
285.- 2412 2
95-3,?

984 1 1 018.5 1 036.4 1,055;6 1,076.4 1,108.6 '1,134.4
465 6
482 2- 485 8 496 '2- 503 1 517 2 ' 532. 1
200 1 208 8 ' 214 6
174 8- 189 '6 191 0
197 7
290: 7: 292.6
294.8 298.5 303.0 308. 4 ' 317. 5
456 3 467.3 ' 477. 3
418 7
431 3 441 1 446.7
124 2 ' 125. 0
112 7
99 8
105 0
109 5
117 0

_do___.
do
do

7.8
5.0
2.8

4.9
1.9
30

3:6
1.1
2.5

8.1
5.9
22

Gross private domestic investment, total — __do
Fixed investment
NonresidentiaL __
Structures
_ ~.
-~_
Producers' durable equipment
Residential structures
Nonfarm
_ _
Change in business inventories.Nonfarm.*
Net exports of goods and services
Exports
Imports
_ .-

-

_
_

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

:

10.6

6.5

41

5, 6: i
3.7 1
19 ;

:
l-E5
L 0s
5

e: a

16
4 "7

6;2'

60
2

5.7
— 9
66

97..a

70.1
135.7

4.9
3S7
12

6.6
36
31

1.3
—1 0
23

.4
.4

1.7
-1 9
35

o

'5.0
'3.0
' 2.1

GNP in constant (1958) dollars f
Gross nati6nal product, totalf

bil. $

Durable goods. „.,-.._,.
Nondurable goods
Services
*
>

-

Gross private domestic investment, total

725.6

722.1

741.7

725.8

729.2

725.1

720:4

7231 2

726^8

718.0

7&1.9

737.9

742.5

754. 5

766.5 ' 783. 9

do.__

469.1

477. 0

495.4

469.3

469. 5

472. 2

474. 1 i 476.9

480. 2

476. 5

488. 2

493.0

497.4

503.2

511.0 ' 620. 9

do
do
do

Personal consumption expenditures, total

85.6
201 3
182 2

83.1
207 0
186 8

92.1
211.1
192 2

86.0
202 0
181 3

85.0
201 2
183 3

85.4
201 5
185 2

83.8
204 4
185 9

84.7
206 0
186 2

84.9
207 7
187 6

78.9
209 9
187 8

88.8
210 0
189 3

90.0
211 2
191 8

94.2
210 5
192 8

95.4
212 8
195 0

98.6 ' 100. 7
214.7 ' 220. 1
200 0
197 7

do. ..

110.5

104.0

108.6

110.8

114. 0

107.4

102.0

105.6

106. 2

102.2

105.0

110. 0

107.3

112.0

116. 6 ' 122. 0

,

do
<3o
do
do

103 8
80 1
23 7"
6.7

99
77
22
4

9
6
3
1

105 9
76 8
29 1
2.6

103 9
79 3
24 6
6.8

104 6
80 9
23 7
94

102 8
80 9
21 9
4.6

101 0
78 8
22 2
9

100 0
78 9
21 1
56

101 3
79 3
22 0
49

97
73
23
4

4
6
9
8

101 2
75 3
25 9
38

104 7
76 4
28 3
53

106 6
76 4
30 1
7

111 3
79 2
32 1
7

116 3 ' 118 0
82 2 '83.6
34.2 '34.4
'3.9
.3

Net exports of goods and services—^---

do

.2

2.2

.1

— .'6

.7

.8

1.9

2.0

2.9

1.9

2.7

—.7

.1

-1.8

-3.3 '—2.8

Fixe'd investment
,
Nonresidential
<* „
Residential structures
Change in business inventories

Govt. purchases of goods and services, totaL.do
137.6
145.9
139.0
14&3
145.1
Federal
do
60 8
64 7
72 3
73 5
73 9
State and local
do
72/4
72.4
72!7
74! 3 76! 8
A _ _
' Bevised.
p Preliminary.
f Revised series. Estimates of national income and product
and personal income have beM revised back to 1969 (see p. 16 ff. of the July 1972 SURVEY);

142.2 '143.9
144.6
142.4
138.6
137.5
136.1 135.7
137.6
141.1
137.3
62 8 ' 63 7
69 0
62 9
62 1
62 3
71 5
64 8
60 2
59 7
61 0
79.4 '80.3
73.1
73*. 5
73*. 8
74*. 6
75! 1
75.' 9
76! 0
76.7
78.8
revisions prior to May 1971 for personal income appear on pp. 25-26 of the July 1972 SURVEY.
9 Includes data not shown separately.

S-l
473-463 O - 72 - S 1




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

1970

1969

III

Annual total

August 1972

IV

II

I

1971

III

IV

I

II

1972

III

IV

I

II

HI

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
National income, totalf--bil. $..
Compensation of employees, totalf

766.0

798.6

865.7

774.6

781.0

787.5

796.7

806.3

804.1

834.5

861.4

860.8

876.2

903.1 P923.6

566.0

603.8

644.1

574.0

585.2

594.3

600.7

609.0

611.2

628.6

639.6

648.0

660.4

682,7 r697.8

509.7
406.6
19.0
85.1
56.3
67.2
50.5
16.7
22.6

541.9
426.8
19.6
95.5
61.9
66.8
49.9
16.9
23.3

573.5
449.7
19.4
104.4
70.7
70.0
52.6
17.3
24.5

517.0
410.4
20.0
86.5
57.0
67.1
50.5
16.6
22.7

526.8
418.6
19.6
88.5
68.4
67.2
49.8
17.4
22.9

534. 9
422.5
20.2
92.2
59.5
67.7
49.7
18.0
23.0

539.5
425.1
19.6
94.7
61.2
67.1
50.0
17.1
23.2

546.1
430.0
19.4
96.7
62.8
66.6
50.1
16.5
23.4

547. 2
429.7
19.0
98.5
63.9
65.8
49.9
16.9
23.8

560.4
439. 3
19.8
101.3
68.2
68.1
51. 3
16.8
23.9

569. 6
447.0
19.4
103.3
70.0
69.3
52.4
16. 9
24.4

576.5
451.6
18.8
106.0
71.5
70.7
53.1
17.6
24.8

587.3
460. 9
19.4
107.0
73.0
71.8
53. 8
18.1
25.0

606.6 r 620.0
475.8 r 487.1
20.8
20.5
112.4
110. 0
76.1
77.8
73.3 '73.2
54.3 '54.4
18.7
19.1
25.2 '24.2

79.8

69.9

78.6

79.8

73.5

69.3

71.5

72.0

66.9

76.6

80.1

78.3

79.4

81.8

»87.6

12.4
67.4
36.6
17.7
18.8

14.5
55.4
27.7
16.7
11.0

16.7
61.9
30.9
16.8
14.1

12.5
67.3
35.8
17.3
18.5

12.4
61.1
32.8
17.1
15.7

12.8
56.5
29.4
16.4
13.1

14.0
57.5
29.9
17.0
13.0

15.0
57.0
28.9
17.2
11.7

16.1
50.8
22.6
16.4
6.2

16.6
59.9
30.9
16.6
14.3

16.4
63.7
31.2
16.8
14.4

17.0
61.3
30.1
16.9
13.3

16.6
62.7
31.2
16. 9
14.3

16.5
65.2
35.4
17.7
17.7

P17.5
*70.1

10.1
20.7

7.6
20.1

8.2
22.9

10.2
21. 2

9.3
19.0

8.0
19.1

7.4
20.1

7.8
20.3

7.2
20.9

7.8
21.2.

8.8
23.7

8.5
22.6

7.6
23.9

7.8
22.0

84.9
40.1
44.8
24.3
20.5
-5.1
30.5

74.3
34.1
40.2
24.8
15.4
-4.4
34.8

83.3
37.3
45.9
25.4
20.5
-4.7
38.5

82.2
38.9
43.2
24.4
18.8
-2.4
31.1

80.5
38.4
42.1
24.7
17.4
-7.1
32.3

75.8
34.3
41.4
24.8
16.6
-6.4
33.2

75.2
34.6
40.6
24.7
15.8
-3.7
34.2

76.6
35.4
41.2
24.9
16.3
-4.6
35.3

69.6
32. 2
37.4
24.7
12.7
-2.8
36.5

81.3
38.0
43.2
25.5
17.7
-4.7
37.3

84.5
38. 6
45.8
25.4
20.4
-4.4
38.1

84.1
37.5
46.6
25.5
21.0
-5.8
39.1

83.2
35.3
48.0
25.2
22.7
-3.9
39.7

88.2
38.8
49.5
26.0
23.5
-6.5
40.1

750.9
116.5
634.4
596. 2
38.2

806.3
116.7
689.5
634. 7
54.9

861.4
117.0
744.4
683.4
60.9

759. 6
116.4
643.2
600.6
42.6

774.3
118.2
656.1
611.6
44.6

785.7
117.8
667.9
621.6
46.3

806.1
119.0
687.2
631.2
65.9

813.4
114.3
699.1
641.1
58.0

819.8
115.8
704.0
644.8
59.2

838.0
112.3
725.7
666. 4
59.3

858.1
115.2
742.9
678.8
64.1

867.9
117.5
750.4
689.4
61.0

881. 5
123.0
758.5
699. 2
59.3

907.0 r 922.1
136.5 '139.5
770.5 '782.6
714.9 ' 732. 5
55.7 '50.1

75.56
31.68
15.96
15.72

79.71
31.95
15. 80
16.15

81.21
29.99
14.15
15.84

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

19.38 122.90 122.41
8.18
6.61
7.96
4.09
3.95
3.29
4.09
3. 32
4.00

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

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

12.77
.58
.48
.50
.32
3.63
3.19
.44
2.72
4.55

14.7.2
.61
.47
.76
.38
4.27
3.56
.71

14.46
.58
.49
.50
.34
4.59
3.72
.87

28.24

2 7. 96

do
do
do
do

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

86.79
30.09
15.06
15.02

1 90. 69
32.55
16.26
16.29

89.72
31.86
16.02
15.84

do
do
do
do
do
do
do
do
do
do

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

58.14
57.86
56.70
2.36
2.36
2.42
1.92
1. 87
2.10
2.20
3.01
1.96
1.46
1.36
1.48
16.71
17.69
16. 92
14.82
14.13
14.27
2.87
2.58
2.65
11.71
20. 10 232.72 232.33

14,526
9,574

14,800
9,871

16,375
10,231

15,762
10,565

15,932
10,705

15,805
10,462

16,580
11,017

16,675
10,710

17,133
11,479

15,748 v 17,685
9,564 v 11,809 p 11, 465

441

336

273

441

329

436

510

516

474

2,706
1,805

2,775
1,818

2,936
1,935

2,779
1,977

2,863
2,035

2,850
2,057

2,937
2,116

3,297
2,152

3,015
2,165

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
Nondurable goods industries
do
Durable goods industries _
do
Transportation,1communication, 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 INCOME f
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 K
do
Nondurable goods industries J
_ .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 t
Nonmanufacturing- _ _
Mining.
Railroad
Air transportation
Other transportation
Public utilities _-Electric
Gas and other
Communication
Commercial and other,

_

do
do
do
do
do
do
do
do
do
do

U.S. BALANCE OF INTERNATIONAL
PAYMENTSd"
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants)
mil. $__ 55,501
Merchandise adlusted excl militarv
do
36,417
Transfers under U.S. military agency sales con1,512
tracts
mil $
Receipts of income on U.S. investments
abroad
mil. $._ 10,539
Other services
do
7,033
Imports of 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

62, 874
41, 963

66, 136
42, 770

1,479

1,923

11,428
8,004

12,900
8,543

P357

3,651 v 3,201
2,110 v 2,318

-53, 594 -59, 308 -65, 410 -13,864 -14, 129 -14,477 -14, 795 -14, 943 -15, 093 -15,444 -16, 639 -17, 042 -16, 285
-35, 796 -39, 799 -45, 459 -9, 271 -9, 381 -9, 731 -9, 831 -9, 968 -10,269 -10, 728 -11, 722 -11, 951 -11, 058
-4, 856 -4, 852 -4, 817 -1, 221 -1, 251 -1, 180 -1, 259 -1, 210 -1, 203 -1, 175 —1, 214 -1, 198 -1, 230
-4, 564 -5, 167 -4,905 -1,242 -1, 315 -1, 344 -1, 322 -1,284 -1,217 -1,139 -1,106 -1,304 -1, 356
-8, 377 -9,490 -10,229 -2, 130 -2, 182 -2, 222 -2, 383 -2,481 -2,404 -2, 402 -2, 597 -2, 589 -2,641

1,911
662
671
727
3, 563
Balance on goods and services, total
do
621
2,164 -2, 689
490
303
Merchandise
do
r
1
Revised.
v Preliminary.
Estimates (corn ieted for systema tic biases) for Ap r.June and July-Sept. 1972 based on expected capital expendi tures of b usiness. E xpected ex2 in eludes co mpenditures for the year 1972 appear on p. 19 of the June 19 72 SURVE Y.
munication.
f See corresponding note on p. S--I.
9 Includes inventoryr valuat ion
adjustment.
© Personal outlays comprise persoilal constimption e xpenditui es, inter est




423

P93.1
P40.7
*52.4
26.2
*»26.2
—5.5
40.9

"-18,832
p-13,482
*-l,223

p

13 395

p-1,365
p-2,762

-537 p- 1,147 p-1,300
91
36
1,136
712
989
967
898
-472 -1,494 p- 1,673
289 -1,012
734
193
737
500
§P ersonal saving ii
paid by consiimers, aiid perso nal trans fer paynlents to foreigner s.
execss of dispc sable inc ome over personail outlays
jomponeiits appear in th<
IfD ata for iiidividual durable and non durable goods in<lustries <
tfM[ore com )lete detetils appear in th<
Mar. June, Stjpt., and Dec. issiles of th«5 SURVEY
quarl erly reviews in th e Mar., JFune, Sep>t., and I)ec. issue s of the SURVEY.

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