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SURVEY OF CURRENT BUSINESS

30

July 1950
Table 42.—Gross National Product or

Line No. |

[Billions of dollars]
1940

1939

I

1

Gross national product.

2
3
4
5

Personal consumption expenditures
Durable goods
Nondurable goods .
Services

-..
_. .

6
7
8
9
10

Gross private domestic investment
New construction
Producers' durable equipment
Change in business inventories — total
Nonfarm only

11

Net foreign investment

12
13
14
15
16
17

Government purchases of goods and services _ _ ,
Federal
War
Nonwar
Less: Government sales
State and local

.

,

_

II III IV Year

15.6 16.6 16.6 18.6 67.5 16.8 17.7
1 4 1 7 1 5 ? 1 6. 7 1 7 ? 0
7.9 8.6 8.7 10.1 35.3 8.5 9.1
6.3 6.3 6.4 6.5 25.5 6.6 6.6

__ .

-

I

I

1942

II III IV Year

I

1943

II III IV Year

I

II III IV Year

21.6 21.8 22.9 25.0 91.3 24.0 24.3 25.0 28.1 101.4 27.7 30.4 32.1 36.2 126.4 35.3 38.5 41.7 46.1 161.6 45.3 47.7 49.1 52.3 194.3

__ _
.

II III IV Year

1941

2.6 1.7 2.9 2.7
9
1 0 19 1 4 1 3
1 1 1 3
1 0 1
.6 -.8 .5 .1
.6 -.8 .4 .1

__
. __

2

__

3.2
1.3
?
1.0
.0
1.9

_ __ _

3

9.9
4.9
4 6
.4
.3

3

17.5 20.0 72.1 18.4
1 7 ? 5 7.9 *> 1
9.2 10.7 37.6 9.3
6.6 6.8 26.6 6.9

20.2 20.7 23.0 82.3 20.8 21.9 22.5 25.9 91.2 23.6 25.1 25.2 28.4 102.2
9 7 9 ^ 2.6 9.8 1.7 1.6 1.6 2.2 7. 1 1.5 1.6 1.6 2 2 6.8
10.5 11.3 12.9 44.0 11.6 12.5 13.1 15.7 52.9 13.7 14.9 15.0 1"'. 3 61.0
7.0 7.1 7.5 28.5 7.6 7.8 7.8 8.1 31.2 8.4 8.6 8.6 8.9 34.4

3.5 2.8 3.9 3.8 13.9 4.4 4.6 4.9
1 0 1 4 1 6 1 5 5.6 1.3 1 7 •> 0
1 4 1 6 1 *i 1.6 6.1 1.8 2.2 1.9
1.0
.8 .6 2.3 1.3 .6 1.0
1.0 -.2 .8 .6 2.0 1.2 .5 .9
4

.9

3

4

3

3

1 5

o

4.4 18.3 4.5 3.3 2.2 .9 10.9 .8 1.0 2.4 1.4 5.7
q
7 4 0
5
6
g
9 5
1 7 6 8 1 2 1i
1.7 7.7 1.5 1.4 1.1 .9 4.9 .8 1.0 1.1 1.2 4.1
1.0 3.9 1.9 .7 .2 -.7 2.1 -.4 -.6 .5 -.4 -.9
o -.5
.8 3.4 1.6 .4 -.2 -1.1
.8 -.6 -.5 .8

o—

2

1 i

f)

9

3.4 3.1 3.4 13.1 3.3 3.4 3.3 4.0 13.9 4.7 5.4 6.4
1.3 1.2 1.3 5.2 1.4 1.4 1.4 1.9 6.2 2.8 3.4 4.5
.3 .3 .4 1.3 .4 .4 .5 .9 2.2 1.9 2.7 3.8
1.0 .9 1.0 3.9 1.1 1.0 .9 1.0 4.0 .9 .7 .7
.0 .0 .0
.0 .0 .0 .0 .0
.0 .0 .0 .0
2.1 1.9 2.0 7.9 1.9 2.0 1.9 2.0 7.8 1.9 2.0 1.9

2

— 4 — 6 — 5

-2.2

8.3 24.7 9.8 13.5 16.9 19.6 59.7 21.3 22.2 22.0 23.1 88.6
6.2 16.9 7.8 11.5 15.1 17.6 52.0 19.4 20.3 20.3 21.2 81.2
5.4 13.8 7.0 10.8 14.6 .17. 1 49.6 19.0 20.0 20.2 21.1 80.4
.8 3.2 .8
.6 .6 2.7 .5 .4 .3 .3 1.5
2
2
.0
.1 .1
.0 .0 .1 .0 .1
.6
2.0 7.8 1.9 2.0 1.8 2.0 7.' 7 1.9 1.9 1.7 L 9 7.4

Table 43.—Gross National Product or Expenditure,

Line No. i

[Billions of dollars]

1
2
3
4
5

1939

I
Gross national product
Personal consumption expenditures
Durable goods
Nondurable goods
Services

6
7
8
9
10

II

III

I

IV Year

II

III

1942
IV Year

I

1 II
i

III

1943

IV Year

I

II

III

IV Year

65.4 67.2 68.0 69.3 67.5 70.2 71.7 72.0 74.3 72.1 77.2 81.2 84.8 85.9 82.3 87.1 89.3 92.0 96.2 91.2 98.8 101.7 103.3 105.2 102.2
6.4 6.6 6.9 7.0 6.7 7.5 7.8 7.7 8.4 7.9 9.6 10.2 10.0 9.2 9.8 7. 5 6.9 6.8 7.0 7.1 6.7 6.9 6.9 6.7 6.8
33.8 35.2 35.5 36.4 35.3 36.4 37.5 37.7 38.8 37.6 40.0 42.9 46.1 46.8 44.0 49.4 51.5 53.6 56.9 52.9 58.8 60.6 61.6 62.9 61.0
25.1 25.3 25.7 25.9 25.5 26.3 26.4 26.6 27.1 26.6 27.6 28.0 28.7 29.9 28.5 30.2 30.9 31.6 32.3 31.2 33.3 34.2 34.8 35.6 34.4
8 0 10 8 11 *> 9.9 12.8 12.4 15.1 15.5 13.9 16.3 19.6 18.7 18.8 18.3 16.4 13.2 6.3 7.5 10.9 1.3 5.2
4.8 4.9 4.9 5.0 4.9 5.0 5.5 5.8 5.9 5.6 6.3 7.0 7.2 6.6 6.8 5.7 4.4 3.0 2.7 4.0 2.5 2.4
4.1 4.3 4.7 5.2 4.6 5.6 5.8 6.3 6.8 6.1 7.3 8.0 8.3 7.1 7. 7 5.6 5.4 4.7 3.8 4.9 3.0 4.0
.4 2.2 1.1 3.0
2.3 2.7 4.5 3.2 5.0 3.9 5.2 3.4 -1.3 1.0 2.1 -4.3 -1.3
.8 —1.2 1.2 .9
§
8 2.7 2.5 2.0 2.4 4.1 2.7 4.4 3.4 4.3 2.0 -2.8 -.5
7 -1.3 1 1
.8 -4.9 -1.0
?, 1

Net foreign investment.,. _ __ .

12
13
14
15
16
17

III IV Year I

II

1941

89.1 88.9 92.4 95.0 91.3 98.1 98.9 101.9 106.8 101.4 113.3 122.8 130.0 139.6 126.4 143. 3 155.5 166.8 180.6 161.6 183.5 192.8 197.2 203.9 194.3

Gross private domestic investment
New construction
Producers' durable equipment
Change in business inventories— total
Nonfarm only

11

1940

Government purchases of goods and services
Federal
War
.
Nonwar
Less: Government sales
.
State and local

.7

.6 1.0 1.2

.9 1.8 1.6

1.4

1.3

1.5

1.1

.7

.6

2.1

1.1

.2 -1.0

.6 -.6

7.3
2.6
4.5
.2
1.1

9.1 5.7
2.7 2.5
4.7 4.1
1.7 -.9

o -1.7 -2.5 -2.2 -2.7

2 2

1.3.2 13.2 12.6 13.3 13.1 13.4 13.3 13.5 15.6 13.9 18.7 21.3 26.0 32.8 24.7 39.2 53.6 68.2 77.9 59.7 85.0 88.5 88.8 92.2 88.6
5.2 5.3 4.8 5.4 5. 2 5.8 5.5 5.6 7.8 6.2 11.2 13.6 18.0 24.9 16.9 31.3 45.8 60.6 70.4 52.0 77.7 81.1 81.3 84.8 81.2
1.1 1.2 1.3 1.4 1.3 1.6 1.7 1.8 3.8 2.2 7.5 10.7 15.2 21.7 13.8 28.2 43.4 58.4 68.3 49.6 76.0 80.1 81.0 84.4 80.4
4.1 4.1 3.4 3.9 3.9 4.2 3.9 3.7 4.0 4.0 3.7 2.9 2.8 3.3 3.2 3.2 2.8 2.4 2.3 2.7 2.2 1.5 1.0 1.2 1.5
2
.1
.0
.2
.0 .0 .0
.0
.0
.0
.1
.0
.1
.3
.0
.3
.0
.0 .0 .0
.5
.5
.8
.7
.6
8.0 7.9 7.8 7.9 7.9 7.6 7.8 7.9 7.8 7.8 7.5 7.8 8.0 7.9 7.8 7.8 7.8 7.7 7.5 7'. 7 7.4 7.3 7.5 7.4 7.4

Table 44.—Disposition of Personal
Line No. [|

[Billions of dollars]

I

Personal income

2 Less' Personal tax and nontax payments
Federal
3
State and local
4
5 Equals' Disposable personal income
6 Less: Personal consumption expenditures
7 Equals' Personal saving

III IV Year

I

II III IV Year

I

1942

II III IV Year

I

II

1943

III IV Year

I

II III IV Year

17.5 17.8 17.9 19.4 72.6 18.6 19.2 19.4 21.2 78.3 21.3 23.1 24.5 26.5 95.3 26.9 29.4 31.7 34.7 122.7 35.6 37.3 37.8 39.7 150.3

. __
- _-

II

1941

1940

1939

_ _.

.8 .6 .5 .5 2.4 .9 .6 .5 .6 2.6 1.2 .8 .6 .6 3.3 2.4
. 4 .3 .3 .2 1.2 .5 .3 .3 .3 1.4 .8 .5 .4 .4 2.0 2.0
2 .3 1. 2 .4 .4 .3 .3 1 3 .4
.4 .3 .2 .3 1.2 .4 .3
16.8 17.2 17.3 18.9 70.2 17.7 18.5 18^9 20.7 75.7 20.1 22.3 23.8 25.8 92! o 24.4
15.6 16.6 16.6 18.6 67.5 16.8 17.7 17.5 20.0 72.1 18.4 20.2 20.7 23.0 82.3 20. 8
1.1 .5 .8 .3 2.7 .9 .8 1.4
3.7 1.7 2.1 3.1 2.8 9.8 3.6

1.3 1.2 1.0 6.0 3.8 3.7
.9 1.0
4.7 3.4 3.4
.3 '.3 1.3 .4 .4
28!l 30. 5 33. 7 116.7 31.8 33. 6
21.9 22.5 25.9 91.2 23.6 25.1
6.2 8.0 7.7 25.6 8.2 8.5

4 9 5.4 17.8
4 ^ 7 5.1 16.5
.3 1.3
32^8 34.2 132. 4
25.2 28.4 102.2
7.6 5.9 30.2

Table 45.—Disposition of Personal Income, Seasonally
[Billions of dollars]

I

II III IV Year

I

II

III

IV Year

I

II

III

IV Year

1

II \ III

IV Year

1.2 1.2 1.2

2.4 2.6 2.6 2.6 2.6
1.2 1.4 1.4 1.4 1.4
1.2 1.2 1.2 1.2 1.3

2.6 3.3 3.3 3.3
1.4 2.0 2.0 2.0
1.2 1.3 1.3 1.3

3.3
2.0
1.3

3.3
2.0
1.3

6.0
4.7
1.3

6.0
4.7
1.3

6.0
4.7
1.3

6.0
4.7
1.3

6.0 14.6 14.7 20. 9 ! 21.2 17.8
13.3 13.4 19.6: 19.8 16.5
i 3
1.3 1.3 1. o"i 1.6 1.3
i j

tl

68.5 69.0 70.2 72.9 70.2 73. 5 73.9 76.0 79.7 75.7 83.4 89.0 95.4 99.8 92.0 103. 3 111.7 121.6 130.4 116.7 129.7 134.3 130.9134.8 132.4
65.4 67.2 68.0 69.3 67.5 70.2 71.7 72.0 74.3 72.1 77.2 81.2 84.8 85.9 82.3 87.1 89.3 92.0 96.2 91.2 98.8 101.7 103. 3 105. 2 102.2

Less : Personal consumption expenditures




I

1943

i

2.4 2.4 2.4 2.4
1.2 1.2 1.2 1.2

_ -

Equals" Disposable personal income

Equals* Personal saving

II III IV Year

1942

70.9 71.4 72.6 75.3 72.6 76.1 76.5 78.6 82.3 78.3 86.7 92.3 98.7 103.1 95.3 109.3 117.7 127.6 136.3 122.7 144.3 148.9 1J1. 9 156.0 150.3

Personal income
Less* Personal tax and nontax payments
Federal
State and local

1941

1940

1939

-

3.1 1.8 2.1 3.6

2.7 3.3 2. 2 4.0 5.3

3.7 6.2 7.8 10.6 14.0

9.8 16.2 22.4 29.5 34.2 25.6 30.9 32.6 27.7 29.6 30.2

SUEVEY OF CURRENT BUSINESS

July 1950

31

Expenditure, Quarterly, 1939-49
[Billions of dollars]
194£ i

194^(

I

II

III

IV

Year

I

II

III

194r

194(
I

Year

IV

11

III

Year

IV

I

II

III

1949

194*
IV

Year

I

II

III

IV

Year

I

II

III

IV

Yaar

51.2 52.3 54.0

56.2

213.7 54.8 55.4 53.0

52.0

215.2 48.3 50.4 54.3

58.2

211.1 54.1 56.2 57.8

65.2

233.3 59.9 62.5 65.8

70.8

259.1 62.4 62.1 63.8

67.2 255.6

25. 6 27.1 27.6
1.5 1.6 1.6
15.0 16.2 16.6
9.1 9.4 9.4

31.2
2.4
19.3
9.5

111.6 28.5 29.4 30.0
7. 1 1.7 1.9 1.9
67.1 17.1 17.7 18.3
37.4 9.8 9.9 9.9

35.1
3.1
21.8
10.2

123. 1 32.3 35.2 37.1
8.5 2.7 3.7 4.3
74.9 18.9 20.5 21.5
39.7 10.6 11.0 11.3

42.4
5.9
24.9
11.6

146.9 37.6 40.4 40.7
16.6 4.5 5.1 5.1
85.8 21.3 23.2 23.3
44.5 11.9 12.1 12.3

46.8
6.7
27.4
12.7

165.6 41.3 43.6 43.8
21.4 4.9 5.6 5.8
95.1 23.3 24.6 24.6
49.1 13.1 13.4 13.5

48.7
6.6
28.4
13.7

177.4 41.8 44.3 43.8
22.9 4.9 5.7 6.1
100.9 23.0 24.5 23. 6
53.7 14.0 14.1 14.0

48.9 178.8
7.2 23.8
27.4 98.5
14.3 56. 4

2.5 1.7 2.7
.8
_ 7
.8
.6
.7
1.3 1.5 1.4
1.5
.6 -.5
.4 -1.4
.6 -1.3
.8 -.3
_ 7 _ 7 — 3 — 4

2.3 2.2 3.3
.6
.8 1.1
1.6 1.7 2.0
2
.2 -.3
.2
.2 -.2
—2 1 — 7 _ 7 — 3

2.9
1.4
2.3
-.8
-.9

10.7
3.9
7. 5
—_ 7

7.6 6.1 7.8
2.6 3.1 4.0
4.0 4.3 4.1
.9 -1.4 -.3
1.4 -.6
.4

8.7
4.2
4.6
— 1
.2

30.2 10.0 9.2 12.4
13.9 3.5 4.5 5.1
17.1 4.7 5.0 4.9
-.8 1.7 -.3 2.3
1.4 1.6 -.7 1.9

11.6
4.6
5.3
1.8
1.5

43.1
17.7
19.9
5.5
4.4

2

2.5

2 2

2 0

8.9

.9

.8 — . 1

.3

1.9

96.5 24.7 24.4 19.9
89.0 22 7 22.4 18.0
88. 6 22.7 22.4 18.5
.3
.3
.3
1.6
.7
.3
.3
1.2
7.5 2.0 2.0 1.9

13.9
11.7
12.3
2
.8
2.2

7 2
4.0
4.3
.3
3.2

7.2
3.9
4.2
.2
3.2

7.6
4.0
4.2
.2
3.6

28.6
15.8
17.1
1.3
12.8

7. 7
4.3
4.5
.3
3.4

23.8 24.1 24.0
21.9 22 2 22.3
21.9 22.1 22. 2
.3
.3
.3
.3
1.9 1.9 1.7

24.6
22.6
22.5
.4
.3
2.0

7. 7
2.8
5.7
-.8
-.3

6.5
1.7
2.3
2.5
2.5

6.4
2.5
2.9
1.0
1.0

8.7
3.1
3.2
2.3
2.4

7.2
3.0
3.9
.3
.4

28.7
10.3
12.3
6.1
6.3

—1 4

7

13

1.3

12

4 6

82.8
74.8
75.9
1.0
2.2
8.0

8.8
6.6
6.9
.3
.6
2.2

7.5
5.1
5.5
.5
.9
2.4

7.2
4.7
4. 7
.8
.8
2.5

7.3
4.5
4.0
.9
.4
2.8

c

2 2

30.9 6.7
20.9 3.9
21.2 | 4.4
.5
2.7
10.0 2.8

9.0
5.1
5.3
.1
3.9

9.8
5.7
5.8
.1
4.0

10.1
5.9
6.0
.1
4.2

7.7 33.0
9.9 6.2 9.2
4.7 17.3
3.6 4.2 4.8
4.7 19.5
5.0 5.1 4.7
1.3 -3.1 -.3 — 1.7 -3.7
1.3 -2. 9
.0 -1.5 -3.1
.3 — . 1

-.1

.4

36.6 10.4 11.2 10.9
21.0 6.4 6.6 6.3
21.5 6.4 6.7 6.5
.1
.1
.2
.5
15.6 4.1 4.6 4.6

10.8
6.1
6.1
.1
4.7

43.3
25.3
25. 7
.4
18.0

.3

Seasonally Adjusted Quarterly Totals at Annual Rates, 1939-49
[Billions of dollars]
1945

1944
1

II

III

IV

Year

I

II

III

1947

1946
IV

Year

I

II

III

Year

IV

207.6 211.1 217.0 219.0

213.7 222.6 225.0 213.0 2C0.3

215.2 199.7 205.6 218.7 220.4

106. 9 110.2 113.3 115.7
6.8 7.0 7.1
7.5
63.7 66.1 68.5 70.0
36.5 37.2 37.7 38.3

111.6 119. 0 120. 5 123. 3 129.5
9.6
7.1 7.8 8.1 8.3
67.1 72.2 73.1 75.2 79.1
37.4 39.0 39.3 39.8 40.8

123.1
8.5
74.9
39.7

8.4 7.6 8.0
6.8
3.0 2.8 2.8
2.7
5.2 5.9 5.7
6.0
.2 -1.1 -.5 -1.9
i -1.5
1.1 -.5
—2 7 — 2 9 — 1 2 — 1.6

95.0 96.2 96.9
87.5 88.8 89.3
87.5 88.4 88.6
1.1 1.6 2.0
1.0 1.2 1.3
7.5 7.4 7.6

98.0
90.4
90.0
1.6
1.2
7.6

7. 7 7. 7
2.8 2.8
5.7 6.2
-.8 -1.3
-.3 -1.0

9.9 10.4
3.3 4.0
6.7 8.0
-^ -1.6
.1 -1.5

14.9
5.6
9.2
.1
.1

—2.1 —2.7 -2.7 — 1.0

.6

96.5 98.6 97.3 80.2
89.0 90.8 89.5 72.1
88.6 90.9 89.8 73.9
1.6- 1.0 1.1 1.1
1.2 1.1 1.3 2.9
7.5 7.8 7.8 8.1

55.2
46.8
49.2
.9
3.4
8.5

137. 2
12.8
81.9
42.4

142.3
15.5
83. 3
43.5

146.9
16.6
85.8
44.5

30.3
11.8
15.8
2.7
3.3

28.7
10.3
12.3
6.1
6.3

5.5

4.8

4.6

82.8 35.4 29.9 29.2
74.8 26.4 20.4 18.9
75.9 27.7 22.1 18.7
1.0 1.2 1.9 3.2
2.2 2.5 3.6 3.1
8.0 8.9 9.5 10.3

29.2
18.1
16.1
3.6
1.7
11.1

30.9
20.9
21.2
25
2.7
10.0

— 1.4

2.6

5.2

II

III

IV

211.1 224.0 231.7 233.1 244.3

152. 0 156. 1
18.3 19.7
88.3 89.8
45.4 46.6

10.7 24.5 28.1 31.9
3.9 7.9 10.1 11.4
7.5 9.3 11.5 12.7
— 7 7.4 6.6 7.8
-.6 7.3 6.6 8.1

I

1948

159.5
20.4
91.9
47.3

163.9
21.2
94.4
48.3

167.6 171.3
21.4 22.6
96. 5 97.8
49.8 50.9

28.3 29.4 27.7 35.3
12.5 12.6 14.1 16.4
16.1 16.8 17.0 18.4
.1 -3.4
-.3
.5
1.5 3.1 — . 7 1.8
8.7 10.0

27.4
15.5
}l7.6
2.1
11.9

28.4
15.9
17.2
1.3
12.5

c
X

1949

233.3 247.6 257.8 264.2 266.8

259.1 258.8 255.2 254.4 253.8 255.6

3
i

165.6
21.4
95.1
49.1

177.4
22.9
100.9
53.7

179.0 180.6 178.8
24.7 25.3 23.8
97.6 97.9 98.5
56.6 57.4 56.4

2
3
4
5

Year

I

II

174.4 177.0
22.1 23.3
LOO. 1 100.6
52.2 53.2

III

179.7 178.7
23.9 22.2
101. 5 101.4
54.3 55.2

30.2 37.9 42.1 45.7
13.9 17.0 17.9 18.2
17.1 18.9 19.4 20.4
-.8 2.0 4.9 7.1
1.4 1.7 3.5 5.6

9.0

7.8

8.9

3.8

28.7
15.7
16.6
.9
13.0

29.9
16.1
16.9
.9
13.8

28.6
15.8
17.1
1.3
12.8

31.5
17.1
18.1
1.0
14.4

3.0 — .1

35.6
20. 5
21.0
.6
15.2

IV

38.9
22.8
23.1
2
16.1

46.8
17.8
20.9
8.0
6.7
1.0

40.3
23.6
23.8
.3
16.7

Year

I

177.4
22.4
99.4
55.6

II

178.4
23.0
99.2
56.2

III

IV

Year

43. 1 37.5 31.3 32.1 31.2 33.0 6
17.7 17.2 16.8 16.9 18.2 17.3 7
19.9 20.1 19.8 19.4 18.7 19.5 8
5.5
.3 -5.3 -4.2 -5.7 -3.7 9
.1 -4.5 -3.2 -4.7 -3.1 10
4.4
.1 _ 7
4 11
1.9 1.0 1.3

36.6
21.0
21.5
.5
15.6

42.9
25. 5
25.8
3
17.4

44.3
26.6
26.8
.2
17.7

43.2
25.1
25.8
.7
18.2

42.8
24.3
24.6
.3
18.5

43.3 12
25.3 13
25.7 1 14
115
.4 16
18.0 17

Income, Quarterly, 1939-49
[Billions of dollars]
194 5

194 i
I

II

III

IV

Year

I

II

III

194 1

194
IV

Year

I

II

III

Year

IV

40.1 41.2 41.5

43.1

165.9 43.0 43.6 42.5

42.8

171.9 41.8 43.8 45.2

47.0

5.2 6.0 4.4
4.8 5.6 4.1
.4
.4
.3
34.9 35.2 37.0
25.6 27.1 27.6
9.3 8.1 9.4

3.3
3.0
.3
39.8
31.2
8.6

18.9 8.5 4.9 3.9
17.5 8.0 4.5 3.6
1.4
.4
.4
.3
147.0 34.6 38.8 38.6
111.6 28.5 29.4 30. 0
35.4 6.0 9.3 8.5

3.6
3.3
.3
39.2
35.1
4.1

20.9 7.6 3.4 4.2
19.4 7.1 2.9 3.9
.4
1.5
.5
.4
151.1 34.2 40.4 41.0
123.1 32. 3 35.2 37.1
28.0 1.9 5.3 3.9

3.6
3.3
.4
43.3
42.4
.9

I

II

III

177.7 45.7 46.3 48.3

18.8
17.2
1.6

8.7
8.2
.5

4.0
3.5
.5

4.7
4.3
.4

158.9 37.0 42.3 43.6
146.9 37.6 40.4 40.7
12.0 -.6 1.9 2.8

194,
*
IV

Year

I

II

III

1949
IV

Year

I

II

III

1
IV

Year

50.7

191.0 50.0 51.9 53.0

54.6

209.5 51.1 51.6 50.8

52.6 206.1

1

4.1
3.7
.4

21.5 9.3 3.9 4.2
19.6 8.7 3.3 3.8
1.9
.6
.6
.5
169.5 40.7 48.0 48.8
165.6 41.3 43.6 43.8
3.9 -.7 4.4 5.0

3.7
3.2
.5
50.9
48.7
2 2

21. 2 7.3 3.4 4.4
19.0 6.6 2.7 3.8
2.2
.6
.6
.7
188.4 43.8 48.3 46.4
177.4 41.8 44.3 43.8
10.9 2.0 4.0 2.6

3.7 18.7
3.1 16.2
.5
2.5
49.0 187.4
48.9 178.8
.1
8.6

2
3
4
5
6
7

46.6
46.8
-.2

Adjusted Quarterly Totals at Annual Rates, 1939-49
[Billions of dollars]
1945

1944
I

162.4

18.9
17.5
1.4

II

III

IV

1
164.9,166.4 169.7
i
18.9 18.9 19.0
17.5 17.5 17.6
1.4
1.4 1.4

Year

I

II

III

1946
IV

165.9 174.4 174.2 170.7 168.6

18.9 21.3 21.2 20.7
17.5 19.9 19.8 19.2
1.4 1.4 1.5 1.5

20.3
18.7
1.5

Year

I

II

III

1947
IV

171.9 170.3 175.0 181.2 184.2

20.9 17.8 18.6 19.1
19.4 16.2 17.0 17.5
1.5 1.6 1.6 1.7

19.6
17.9
1.7

Year

I

II

III

1948
IV

177.7 186.6 185.5 193. 2 198.6

18.8 21.2 21.2 21.6
17.2 19.3 19.4 19.7
1.6 1.8 1.8 1.9

22.1
20.2
1.9

Year

I

II

III

IV

191.0 203.1 208.4 212.7 213.8

21.5 23.3 20.8 20.2
19.6 21.2 18.7 18.0
1.9 2.1 2.1 2.2

d
fc

1949

20.3
18.1
2.2

Year

I

II

III

IV

Year

209.5 208.6 206.8 203.8 205.4 206.1 1

21.2 18.7 18.7 18.7
19.0 16.3 16.2 16.2
2 2

2.4

2.5

2.5

18.7
16.1
2.5

18.7 2
16.2 3
2.5 4

143.4 146. 0 147.4 150.7

147.0 153. 1 153.0 150.0 148.3

151.1 152.5 156. 4 162.1 164.6

158.9 165.4 164.2 171.7 176.5

169.5 179.8 187.6 192.5 193.5

188.4 189. 9 188.2 185.1 186.8 187.4 5

106.9 110.2 113.3 115.7

111.6 119.0 120.5 123.3 129.5

123.1 137.2 142.3 152.0 156.1

146.9 159.5 163.9 167.6 171.3

165.6 174.4 177.0 179.7 178.7

177.4 177.4 178.4 179.0 180.6 178.8 6

36.5 35.8 34.1

35.0

35.4 34.1 32.5 26.7




18.8

28.0 15.3 14.1 10.1

8.5

12.0

5.9

.4

4.1

5.2

3.9

5.5 10.5 12.8

14.8

10.9 12.5

9.8

6.2

6.2

8.6 7

32

SURVEY OF CURRENT BUSINESS

juiy 1950

Table 46.—Relation of Gross National Product, National
[Billions of dollars]
6
£
g

1939

I

M

II

1940

III IV Year

I

1941

II III IV Year

I

1942

II III IV Year

I

1943

II III IV Year

I

II III IV Year

21.6 21.8 22.9 25.0 91.3 24.0 24.3 25.0 28.1 101.4 27.7 30.4 32.1 36.2 126.4 35.3 38.5 41.7 46.1 161.6 45.3 47.7 49.1 52.3 194.3

1

Gross national product

2
3
4
5

Less: Capital consumption allowances
Indirect business tax and nontax liability
Business transfer payments _ _
- _
Statistical discrepancy

6

Plus: Subsidies less current surplus of government enter prises _

7

Equals: National income

2.0 2.0 2.0 2.1
2.2 2.3 2.4 2.4
1
1
1
1
— 1 — 9
3 1 S

__

.1

.1

.1

.1

8.1 2.1 2.1 2.1 2.2 8.4 2.2 2.3 2.4 2.4 9.3 2.5 2.5 2.5 2.5 10.0 2.6 2.7 2.7 2.8 10.7
9.4 2.3 2.5 2.6 2.6 10.0 2.6 2.8 2.9 3.0 11.3 2.9 2.9 3.0 3.0 11.8 3.1 3.1 3.3 3.3 12.7
c
1
1
1
1
1
1
1
1
.1
1
1
1
1 1
1
1
.4
.5
1 1 0 1 6 — l — 1 — 1 2.0 1.6 .1 .2 .3 1.7 2.3 -.9 -.6 .1 2.3
1.4 .7 — 1
.9
.5

.1

.1

.1

.1

.4

.1

.0

.0

.1 -.1

.0

.0

.2

.0

.2

.0

.0

.1

.1

2

17.5 17.7 18.1 19.2 72.5 19.0 19.8 20.3 22.3 81.3 23.0 25.3 26.9 28.7 103.8 29.7 32.8 35.9 38.7 137.1 40.4 42.4 43.0 43.9 169.7

8
9
10
11
12
13
14

Plus: Government transfer payments
Net interest paid by government
Dividends
Business transfer payments

15

1.3 1.2 1.6 1.7
5
fi
.5

Less: Corporate profits and inventory valuation adjustment
Contributions for social insurance
E xcess of wage accruals over disbursements

Equals: Personal income

0

0

.6
.3
.8
1

.6
.3
.8
1

0

0

.6 .6
.3 .3
.8 1.4
1
1

5.8 1.8 2.2 2.3 2.9
6
fi
6
2.1 .6

.0

0

2.5
1.2
3.8
.5

7

7

.3
.8
.1

.4
.9
1

0

0

0

.7 6
.3 .3
.9 1.4
1
1

9.2 3.0 3.6 3.9 4.1 14.6 4.1 4.8 5.4 5.6 19.9 5.9 6.2 6.3 5.9 24.3
7
7 2.8 .8 .8 .9 .9 3.5 1.1 1.1 1.2 1.1 4.5
2 3 .6
0
0
0
0
0
0
0
o 0 1 1 0 2
.0
.0 .0

2.7
1.3
4.0
.4

7
.7
6
6
.3 .4 .3 .3
.9 1.0 1.0 1.5
.1
1
1
1

2.6

7

6

1.3
4.5

.3 .4
.9 1.0
.1
1

.4
1.4
1

i!o

1

fi 6
6
6
2 7
1.5 .4 .6 .5 .6
4.3 1.0 1.0 1.0 1.4
.1 .1 .1 .1

2.5
2.1
4.5
.5

17.5 17.8 17.9 19.4 72.6 18.6 19.2 19.4 21.2 78.3 21.3 23.1 24.5 26.5 95.3 26.9 29.4 31.7 34.7 122.7 35.6 37.3 37.8 39.7 150.3

Table 47.—Relation of Gross National Product, National Income, and
[Billions of dollars]
6
fc

1940

1939

I

13

III IV Year I

IT

II

IV Year

I

II

III

1942

IV Year

I

II

III

1943
IV Year

I

II

III

IV Year

89.1 88.9 92.4 95.0 91.3 98.1 98.9 101.9 106.8 101.4 113.3 122.8 130.0 139.6 126.4 143.3 155.5 166.8 180.6 161.6 183.5 192.8 197.2 203.9 194.3

1

Gross national product

3
4
5

8.0 8.1 8.1 8.2
Less' Capital consumption allowances
Indirect business tax and nontax liability- _ Q ? q 3 Q 4 9 5
n
.4 .5
.5
Business transfer payments
.3 .3 2!l 3.0
Statistical discrepancy

6

Plus: Subsidies less current surplus of govern-

7

Equals* National income

8
9
10

Less: Corporate profits and inventory valuation
6.0 5.7 6.2 5.0
adjustment
2.0 2.1 2.2 2.3
Contributions for social insurance
Excess of wage accruals over disbursements. .0 .0 .0 .0

5.8 7.9 9.4
2.1 2.2 2.2
.0 .0 .0

11
12
13
14

Plus : Government transfer payments
Net interest paid by government
Dividends
-Business transfer payments

2.6 2 5 2.5 2.4
1.1 1.2 1.2 1 1
3.2 3.7 3.9 4.3
.4 .5 .5

2.5 2.7 2.8
1 2 13 1 1
3.8 4.3 3.8
.4

15

Equals* Personal income




III

1941

4

5

6

4

8.1 8.2 8.3 8.5 8.7 8.4 8.8 9.2 9.5 9.6 9.3 9.8 10.0 10.0 10.1 10.0 10.3 10.6 10.8 11.0 10.7
9.4 Q 6 9 q 10.2 10.4 10.0 10.8 11.2 11.3 11.9 11.3 11.8 11.5 11.8 12.0 11.8 12.6 12.6 12.8 12.9 12.7
.4 .4
.4
.4
.5
.5
.5
.4
.5
.5
.5
.5
.5
.5
.5
.5
.5
.5
.5
.5
l'.4 2 9 .8 1.4 1.4 1.6
.0
.1 1.2 5.1
.8 2.6 2.0 4.3 2.3 -2.8
.8 1.2 4.6 1.6
.9
.5

.5

.5

.3

.4

.3

.1

.1 -. 1

.1 -.3

.2

.7

.0

.2

.1

.0

.3

.3

.2

71.6 71.3 72.9 74.2 72.5 77.5 79.9 81.9 86.2 81.3 93.5 101.3 107.5 112.8 103.8 120.1 131.1 143.2 153.8 137.1 163.0 169.0 172.1 174.7 169.7

- _ _ _ _

9.5
2.3
.0

9.9
2.4
.0

9.2 12.9 15.1 14.9 15.7 14.6 17.0 19.1 21.0 22.4 19.9 23.6 24.8 25.1 23.7 24.3
2.3 2.5 2.7 2.9 3.0 2.8 3.1 3.3 3.6 3.9 3.5 4.2 4.5 4.7 4.8 4
.0
.0
.0
.1
.0
.0
.0
.0
.0
.0
.0
.3
.3
.0

K
4.0

2.6
1 3
4.2
.4

2.7
1 3
4.0
.4

.4

.1

2.7
1 3
4.2
.5

2.6
13
4.3
.5

2.6
1.3
4.5
.5

2.6
1.3
4.6
.5

2.6
1 3
4.5
.5

2.9
1 3
4.6
.5

2.7
1.5
4.4
.5

2.6
1.6
4.3
.5

2.4
17
4.2
.5

2.7
1.5
4.3
.5

2.5
1.9
4.4
.5

2.4
2.1
4.5
.5

2.5
2.2
4.5
.5

2.5
2.4
4.5
.5

2.5
2.1
4.5
.5

70 9 71.4 72.6 75.3 72.6 76.1 76.5 78.6 82.3 78.3 86.7 92.3 98.7 103.1 95.3 109.3 117.7 127.6 136.3 122.7 144.3 148.9 151.9 156.0 150.3

SURVEY OF CURRENT BUSINESS

July 1950

33

Income, and Personal Income, Quarterly, 1939—49
[Billions of dollars]
194£5

194/I

I

II

Year

IV

III

51.2 52.3 54.0

56.2

I

II

III

IV

213.7 54.8 55.4 53.0

52.0

3.2 3.3
3.8 3.9
1
1
.4 1.0

2.7
4.1
1
3.0

Year

Year

I

II

III

I

Year

IV

II

III

Year

IV

3

233.3 59.9 62.5 65.8

70.8

259.1 62.4 62.1 63.8

67.2 255.6

1

14.8 4.1 4.3 4.4
18.7 4.8 5.0 5.2
7
2
2
2
.3 -2.0 -2.5 -.9

4.5
5.4
2
2.4

17.4 4.5 4.7 4.7
20.4 5.0 5.3 5.5
7
2
2
.2
-2.9 -1.3 -2.2 -.9

4.8 18.8
5.5 21.3
7
.2
2.6 -1.9

2
3
4
5

.6 — . 1

.0

.1 — . 1

— .1

A

6

182.7 41.9 44.3 46.0

48.0

180.3 47.5 48.8 50.0

52.4

54.1 216.8

7

3,7 4.7
1.6 1.6
. 2 -.2

4.5
1.5
.0

5.4
1.4
.0

18.3
6.0
.0

5.4
1.6
.0

6 4
1.6
.0

6 4
1.3
.0

6.6
1.2
.0

24.7
5.7
' .0

7.1
1.3
.0

8 0
1.3
.0

7 9
1.3
.0

8.8
1.2
.0

31.8
5.2
.0

7.3 7.6
1.5 1.5
.0 -.1

7.9
1.4
.0

7.1
1.3
.0

29.9 8
5.7 9
.0 10

3.0
1.0
1.2
.1

2.6
1.0
1.4
.1

2.5
1.1
2.0
.1

10.9
4.4
5.8
.6

2.6
1,0
1.4
.2

2.5
1 2
1.5
.2

3.3
1 0
1.5
.2

2.7
1.1
2.1
.1

11.1
4.4
6.6
7

2.8
1.0
1.7
•2

2.7
13
1.6
.2

2.5
1 0
1.7
.2

2.6
1.2
2.4
.2

10.6
4.5

2.8
10
1.8
.2

2.8
10
1.7
.2

3.0
1.3
2.5
.2

11.6 11
4.7 12
7.8 13
14

171.9 41.8 43.8 45.2

47.0

177.7 45.7 46.3 48.3

50.7

191.0 50.0 51.9 53.0

54.6

46.7

6.3
1 3
-.2

6 3
1.3
.0

6 0
1.3
.0

5.5
1.3
.0

24.0
5.2

58
1.5
.0

59
1.6
.0

4.1
1.5
.0

3.3
1.5
.0

19.2
6.1
.0

,7
.6
1.0
.1

.8
.7
1.1
.1

.8
.7
1.1
.1

.8
.7
1.5
.1

3.1
2.8
4.7

.9
.8
1,0
.1

1.0
1.0
1,1
.1

1.2
9
1.1
.1

2.5
1.0
1.5
.1

5.6
3.7
4.7

40.1 41.2 41.5

43.1

165.9 43.0 43.6 42.5

42.8

42.5

IV

4.0
5.1
2
3.4

45.0 46.1 46.1

183.8 47.5 47.9 44.8

III

65.2

.2

.4

II

12.2 3.4 3.6 3.8
17.3 4.4 4.5 4.7
2
2
2
6
1.7 -1.3 —.8 -1.0

.1

.2

I

211.1 54.1 56.2 57.8

.2

.1

Year

3.2
4.6
1
2.0

.2

.2

IV

58.2

3.1
3.7
1
2.8

c

III

6

1949

1948

3.1
4.5
1
.5

3.0
3.7
1
1.2

4.0
7

II

12.4 2.8 3.0
15.5 4.0 4.2
K
1
1
4.9 -.1 -.7

2.9
3.5
1
2

3.2
3.7
1
.5

I

215.2 48.3 50.4 54.3

2.8
3.1
1
.2

11.9
14.1

194F

1946

.8

.5

2.8
1 3
1.3
.1

.9

.0

— . 1 — .1

.0

.0

.0

198.7 52.7 55.5 56.9

58.3

.0

.0

.1

.0

223.5 54.1 54.3 54.3

7

2.9
1.4
1.8
.2

209.5 51.1 51.6 50.8

.0

52.6 206.1 15

Personal Income, Seasonally Adjusted Quarterly Totals at Annual Rates, 1939—49
[Billions of dollars]
1945

1944
I

II

III

Year

IV

207.6 211.1 217.0 219.0
11.4 11.7 12.1
13.0 14.2 14.6
.5
.5
.5
2.1 1.5 6.2
7

7

6

12.4
14.7
.5
6.3
8

181.4 183.8 184.2 185.9

25.3 24.9 23.8
5.0 5.1 5.2
0
.0
— 8

22.2
5.4
.0

3.1
2.7
4.6
.5

3.2
3.1
4.7
.5

3.0
2.5
4.5
.5

3.0
2.9
4.7
.5

162.4 164.9 166.4 169.7

892701°-50-

I

II

III

IV

213.7 222.6 225.0 213.0 200.3

11.9 12.7 13.0 13.3
14.1 15.0 15.3 15.6
.5
.5
.5
.5
4.0 3.2 5.4 5.1
.7

.7

.2

.9

10.7
16.1
.5
5.9
1.6

183.8 191.8 190.9 179.4 168.6

24.0 23.5 23.5 16.5
5.2 5.8 6.1 6.3
— 2
0
.0
.0
3.1
2.8
4.7
.5

3.5
3.3
4.7
.5

4.2
3.5
4.6
.5

5.0
3.8
4.8
.5

Year

I

II

III

IV

215.2 199.7 205.6 218.7 220.4
12.4 11.3 11.9 12.4 13.0
15.5 16.5 17.1 17.8 18.0
.5
.6
.5
.6
.6
4.9 3.5 1.2 4.0 -1.6
.8

1.8

2.3 — . 2

—.2

182.7 169.7 177.2 183.8 190.3

13.2
6.3
.0

19.2 14.7 18.8 18.1
6.1 6.1 6.1 5.9
.0
.0
.8 — .9

21.5
5.8
.0

10.0
4.1
4.9
.5

5.6 12.0 11.1 10.6
3.7
4.7 5.3 5.6 6.0
.6
.5
.5
.6

6.4
.6

165.9 174.4 174.2 170.7 168.6




1947

1946

9.7

171.9 170.3 175.0 181.2 184.2

Year

I

II

III

1948
IV

211.1 224.0 231.7 233.1 244.3

12.2 13.5 14.6 15.3
17.3 18.0 18.2 18.7
.7
.6
.6
.7
.3 2.8 -1.5
1.7
.9

.1

.4

A

16.0
19.7
.7
i
—.4

180.3 191.7 195.9 199.4 207.7

Year

I

II

III

o

1949
IV

Year

I

III

II

Year

IV

233.3 247.6 257.8 264.2 266.8

259.1 258.8 255.2 254.4 253.8 255.6

1

14.8 16.6 17.3 17.6 18.1
18.7 19.6 20.3 20.8 20.9
.7
.7
.7
.7
.7
.3 -2.3 -3.1 -1.8 -4.3

17.4 18.1 18.7 18.9 19.3 18.8
20.4 20.7 21.2 21.7 21.5 21.3
.7
7
7
.7
-2.9
.7 -2.9 -3.6 -1.9 -1.9

2
3
4
5

— .1 — .3

1 — l

.1

198.7 212.8 222.7 226.8 231.4

0

2

3

o

o

.1

6

223.5 218,8 217.8 216.7 214.2 216.8

7

18.3 20.8 25.7 26.0
6.0 6.1 6.1 5.3
.0
.0
.0
.0

26.4
5.3
0

24.7 27.7 32.4 32.0
5.7 5.2 5.1 5.3
1 — 1
1
.0

35.3
5.4
.1

31.8 28.8 30.4 31.8
5.2 5.7 5.6 5.6
1 _ 3
0
.0

28.4
5.7
.0

29.9 8
5.7 9
.0 10

10.9 10.1

10.7

11.1 11.1 10.9 10.4

9.9

10.6 11.2 11.7 11.9

11.8

11.6 11
12
7.8 13
. 7 14

5.8
.6

6.6
.6

9.9 13.7
6.4
.7

6.4
.7

6.8
.7

177.7 186.6 185.5 193.2 198.6

6.6

7.2
.7

7.3
.7

7.5
.7

7.9
.7

191.0 203.1 208.4 212.7 213.8

7.5

7.9
.7

.'7

7.4
.7

8.2
.7

209.5 208.6 206.8 203.8 205.4 206.1 15

WlontkL

BUSINESS STATISTICS

JL HE DATA here are a continuation of the statistics published in the 1949 Statistical Supplement to the SURVEY OF CURRENT BUSINESS.
That volume (price $1.25) contains monthly data for the years 1945 to 1948, 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 1945. Series added or revised since publication of the 1949 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 and dollar values refer to
adjustment of monthly figures for seasonal variation.
Monthly averages for 1949 are shown in the March 1950 issue of the Survey of Current Business.
selected series will be found in the Weekly Supplement to the Survey.

Data subsequent to May 1950 for

1950

1949

Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey

May

June

July

August

September

October

November

December

January

February

March

April

May

GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT f
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 cT - 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 tax, total
do
Corporate profits tax liability
do
Corporate profits after tax
do
Inventory valuation adjustment
do
Net interest
do

' 217. 8
' 140. 5
' 134. 2
'4.2
' 16.1
'6.3
'42.2
'21.1
'13.7
'7.4

' 216. 7
' 140. 0
' 133. 6
'113.0
'4.3
' 16.3
'6.4
40.1
20.7
12.2
'7.2

'30.4
26.4
'10.0
'16.4
'3.9
'4.7

31.8
28.2
10.8
17.3
'3.7
'4.8

r 114.0

'
'
'
'

214 2
140. 2
133. 6
112. 7
' 4.6
' 16 4
' 6.6
40.7
20.6
12.8
'7 3

217 2
' 142 3
' 135. 2
' 114.3
'4 5
16 4
' 7 1
' 41. 5
' 21 4
' 12.8
'7 3

28 4
27 6
10.6
16 9
' .8
'4 8

28 4
29 2
11.4
17 8
— 7
'50

' 253 8
' 180 6
'25.3
'97 9
r
57.4
' 31. 2
' 18 2
18 7
' —5 7

' 262 5

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 (less Government sales)
do
State and local
do

' 255. 2
'178.4
' 23. 0
'99.2
' 56. 2
'31.3
'16.8
' 19.8
' -5.3
'1.3

' 254. 4
' 179. 0
'24.7
97.6
'56.6
32.1
'16.9
'19.4
' —4.2

'44.3
'26.6
'17.7

43.2
'25.1
18.2

'42 8
' 24 3
' 18 5

r 41 4

Personal income, total
_ - _
__do _ _
Less: Personal tax and nontax payments _do
Equals: Disposable personal income
do. _
Personal savings f
do _ _ .

' 206. 8
'18.7
' 188. 2
'9.8

' 203. 8
'18.7
' 185. 1
'6.2

' 205 4
'18.7
' 186 8
'6.2

r 216 4

r .1

r T,

r J82 4

26 9
r 97 5
58 0
' 40 5
' 19 9
19 3
' 1 3
' 19
r

7

r 22 6

18 9
18 7
' 197 7
' 15 3

PERSONAL INCOME, BY SOURCE §
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. _ _
do
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__ .

r
207. 6
' 132. 7
' 134. 9
' 57. 1
r
40. 1
' 17.6
'20.1

' 205 9
'131.6
r
133. 9
' 56. 4
'39. 6
r
17 5
' 20. 4

'204 5
'131.4
' 133. 5
' 56. 0
'39.4
' 17 4
'20.7

' 203 3
'131.3
' 133 5
' 56. 3
'39 4

'42.6
' 17.1
'12.3

2.3
' 2.9
42. 2
'16.8
'12.4

' 2.1
'2.9
'40.2
'16.6
12.4

' 188. 7

' 187. 4

' 186. 8

2.2
r 2.9

r

' 203 4
' 131.6
' r133 8
56.4
' 39 4
' 17 4
' 20 6

r 202 4
' 130. 3
' r132 5
54 8
'39 0

2.2
'2.9
'40 7
'16.8
12 6

2.2
'3 0
' 39 2
'17.0
12 6

2.2
'3 0
' 39 8
'17.2
' 12 1

'17.2
12 4

' 187. 3

' 187 8

' 186 0

' 187 6

r 17 3

' 20. 5

r 17 g

' 20 9

' 205 7
'131.3
' r133 4
55 5
r 39 o
r 17 g
r 21 1

'2.1
'3 1
r 41 7

' 208 4
'132.9
r 135 1
r 57 0

r 39 3

r 214 6

' 132. 2
r 135 o
r SQ 7

' 39 5

' 215 4
' 131. 5
r 134 2
r 55 8
T 39 3

' 219 3
' 133. 6
' 136 4
r 57 7

' 213 8
' 135. 3
' 138 1
r 59 i

r 39 §
r 18 1
r 21 0

r 17 g

r 17 9

r 21 0

r 20 9

r 18 1
r 21 0

2.2
'31
' 40 6
18.9

2.8
'30
r 43 5
'17.5

r 41 Q

r 4Q 2

r 12 9

'17.7

r Ig 4

r 22 2

T

'18.0
f 24 2

' 191 1 ' 195 2

2.7
'30

' 199 0

r

1C q

r 21 1

r

21 1

'2.8
'33
' 39 8
'18.2
' 17 2

2.8
'33

' 203 7

39 7
-IQ o

213 3
136.' 4
1 39 2
60 3
39 5

41 ^

198 7

2.8
34

17.9
Hi
197 2

NEW PLANT AND EQUIPMENT
EXPENDITURES
All industries, quarterly total
Manufacturing __ _ _
Mining
Railroad
_.
Other transportation
Electric and gas utilities
Commercial and miscellaneous

mil. of dol..
do
do..
. _ do
do.
do
do

4,660
1,880
190
380
140
780
1,290

4,370
1,690
180
310
140
790
1,260

4 630
] 830
180
300
120
890
1,320

i 4 53Q
i i 97Q
i ifift
i ^nn
i 90
i s^fi
i 1. 170

3 700
1 520
150
230
80
650
1.060

' Revised.
i Estimates for April-June 1950, based on anticipated capital expenditures of business.
fRevised series. Quarterly estimates of national income, gross national product, and personal income and monthly estimates of personal income have been revised beeinnine: 1946see pp. 28-35 of this issue for the revised
figures.
'
c?1 Includes inventory valuation adjustment.
§Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.
882701°—50

4




S-l

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