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SURVEY OF CURRENT BUSINESS

October 1972

11

NATIONAL INCOME AND PRODUCT TABLES
1971
1970

1971

II

III

1971

1972

IV

I

II

III*

1970

1971

II

Seasonally adjusted at annual rates

III

1972

IV

I

II

III 9

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 1,043 0 1 056 9 1 078 11 109 11 139 4 1 162 2

722 1

741 7

737 9

742 5

754 5

766 5

783.9

795.3

616 8

664 9

660 4

670 7

680 5

696 1

713 4

728 1

477 0

495 4

493 0

497 4

503 2

511 0

520 9

528 7

__

90.5
264.4
261.8

103 5
278 1
283.3

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

118 4
301 4
308 3

83 1
207.0
186.8

92 1
211.1
192.2

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

104 4
221.7
202.6

Gross private domestic investment
Fixed investment. _.

137 1
132 2

152 0
148 3

153 0
146 4

152 2
150 9

158 8
157 2

168 1
167 7

177 0
172 0

181 0
175 3

104 0
99.9

108 6
105 9

110 0
104 7

107 3
106 6

112 0
111.3

116.6
116.3

122 0
118 0

123.9
119.4

100 9
36 0
64 9

105 8
38 4
67 4

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

121 1
41 6
79 4

77 6
23 6
54 0

76 8
22 8
54 0

76 4
23 0
53 3

76 4
22 5
53 9

79 2
22 2
67.0

82.2
23.0
59.2

83 6
23 0
60 6

84 4
22 5
61 9

31.2
30 7
5

42.6
42 0
6

41.4
40 9
5

44 5
43 9
7

47.3
46 7
6

51.6
51 0
6

52.8
52 1
6

54 2
53 4
3

22.3
22 0
4

29.1
28 7
4

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

35.0
34 5
5

4.9
48
1

3.6
24
12

6.6
51
15

13
_ 2
16

1.7
g
g

.4
1
3

5.0
43
.7

57
53
4

4.1
40
0

2.6
16
1i

6.3
40
13

.7
— 6
13

.7
— i
.8

.3
-.1
.3

3.9
34
.5

4.5
42
3

Personal consumption expenditures
Durable goods. _
Nondurable goods
Services....

_

Nonresidential
Structures
Producers' durable equipment
Residential structures
Nonfarm
Farm
C hange in business inventories
Nonfarm
Farm

Federal. .
National defense. ..
Other.
State and local

.1

4

-2 1

—4.6

-5.2

—3 4

2.2

.1

—.7

.1

-1.8

—3.3

-2.8

-.8

66 7
66 6

68 5
68 2

63 0
65.1

70 7
75.3

70.0
75.2

75 0
78 4

52 2
60.0

52 6
52.5

63.0
53.8

54.4
54.3

49.9
51.7

65.5
58.9

54.2
57.0

57.7
58.5

219.0

232.8

229.5

233.6

240.9

249.4

254.1

256.6

139.0

137.6

135.7

137.6

141.1

142.2

143.9

143.6

97.8
71.4
26.3

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

106 2
75 2
31 0

64 7

60.8

59.7

61.0

62.3

62.8

63.7

61.6

122.5

Government purchases of goods and services

.7
66 1
65.4

96 5
75.1
21.5

Exports
Imports

36
62 9
69 3

Net exports of goods and services

135.0

133.3

135 7

140.2

143.7

146 0

150 4

74.3

76.8

76.0

76.7

78.8

79.4

80.3

81.9

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

976.4 1,050.4 1,043.0 1,056.9 1,078.1 1,109.1 1 139 4 1 162 2

Final sales
Change in business inventories
Goods output

_

722.1

741.7

737.9

742.5

754.5

766.5

783.9

795.3

971 5 1 046 7 1 036 4 1 055 6 1 076 4 1 108 6 1 134 4 1 156 6
4
49
36
50
66 ' 1 3
17
57

718 0
41

739 1
26

732.6
5.3

741.7
.7

753.8
.7

766.3
.3

780.0
3.9

790.8
4.5

385 8

393.8

391.0

394.5

400.4

407.0

420.7

428.0

385 7
5.3

393.7
.7

399.7
.7

406.8
.3

416.7
3.9

423.4
4.5

471.9

495.5

467 0
4.9

491 8
3.6

485 8
6.6

496 2
1.3

Durable goods
...
Final sales
Change in business inventories

184 9
183.0
1.9

195 7
194 6
1.1

194 5
191 0
36

Nondurable goods
Final sales ___•
Change in business inventories

287 0
284 0
30

299 8
297 3
2 5

409 2
95 4

Final sales
Change in business inventories .

Services

.

Structures..-

492.4

497.5

504.8

517 6

537 1

503 1
1.7

517 2
.4

532 1
5.0

543 1
57

381 7
4.1

391 2
2.6

196 7
197 7
—1 0

198 2
200 1
—1 9

209 2
208 8
4

217.6
214.6
3.0

222 2
220 7
15

160 0
158 6
14

164.5
163.8
.6

162.8
160.0
2.8

164.9
166.0
-1.1

167.4
169.5
-2.1

175.0
174.8
.3

181.4
179.1
2.3

184.8
183.6
1.2

297 9
294 8
31

300 8
298 5
23

306 6
303 0
35

308 4
308 4

o

319.6
317.5
2.1

326 5
322 4
41

225 8
223 2
26

229 4
227. 3
2.0

228.3
225. 7
2.6

229.5
227.7
1.9

233.0
230.2
2.8

232.0
232.0
.0

239.2
237.6
1.6

243.2
239.8
3.4

443 9

441 1

446 7

456 3

467 3

477 3

487 5

272 5

278.4

278.2

278.4

282.3

285.2

289.3

293.5

111 0

109 5

112 7

117.0

124 2

125 0

126 0

63.8

69.5

68.8

69.6

71.8

74.3

74.0

73.9

754.5

766.5

783.9

795.3

705.6

723.0

733.7
710.4
688.0
22.4

18.1

548 7

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

976 4 1 050 4 1 043 0 1 056 9 1 078 11 109 11 139 4 1 162 2
861 8

_
.

Households and institutions
Eest of the world
General government -

925 6

919 3

931 4

950 2

976 6 1 005 0 1 024 9

722.1
661.3

741.7
681.0

737.9
677.5

742.5
681.7

693.7

826 3
797 3
28 9

884 7
853 9
30 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 8
928.2
32.6

979 3
946 3
33 0

640 7
616 0
24 7

658 5
633.0
25.5

654.8
629.3
25.4

659.8
633.9
25.9

669.8
644.8,
25.0

682.9
659.2
23.8

700.1
676. 4
23.8

30 9

33 9

33 2

34 3

35 1

36 0

37.3

38 5

16 7

16 9

16.7

16.9

17.1

17.4

17.7

4 6

69

74

62

85

68

6.9

71

40

5.6

6.0

5.0

6.8

5.4

5.2

5.2

114 7

124 8

123 7

125 5

127 9

132 5

134 4

137 3

60 7

60 7

60.5

60.8

60.8

60.9

60.9

61.6

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.
9 Preliminary.




CURRENT BUSINESS STATISTICS

JLHE STATISTICS here update series published in the 1971 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT 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.
1970

1969
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown in
the 1971 edition of BUSINESS STATISTICS

1971

1

Annual total

1970

1969

III

IV

I

II

1971

III

IV

I

II

1972

III

IV

I

II

III"

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
Gross national product, totalf._—

__bil.$_-

930.3

976. 4

1,050.4

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

do _ _

579.5

616. 8

664.9

583.7

594.4

604.1

613.4

623.0

626.5

648.0

660.4

670.7

680.5

696.1

713. 4

728 1

90.8
40.2
37.1

90.5
37.3
39.0

103.5
46.7
42.0

90 6
40.2
37.1

91 4
40.6
37.5

90 2
37.8
OQ rr

91 6
39 2
38.8

92 6
39 4
38 8

87 5
33 0
39 6

99 8
44 9
41 0

101 9
45 4
41 4

106 1
48 8
41 9

106 1
47 9
43 5

111 0
49 9
46 5

113 9
51 3
46 8

118 4
54 7
48 0

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

247. 3
50.7
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
51
133
22

3
7
9
3

271 3
53 6
135 2
22 8

273 4
55 1
135 1
23 0

277
56
135
23

278
57
136
23

5
4
6
5

283
58
137
24

4
5
9
3

288
59
140
24

3
4
3
6

297
61
144
24

301
62
145
25

do
do
_do
do

242. 7
33.8
84.1
16.6

261. 8
36.3
90.9
18.2

39.5
99.2
19.9

245 8
34 0
85.0
16 8

251
35
87
17

256 1
35.3
88.7
17 7

259
35
90
18

264
36
91
18

1
9
4
5

267
37
93
18

274
38
95
19

281 3
39 1
98 1
19 8

286 1
40 0
100 3
20 2

290
40
102
20

9
7
5
4

296
41
104
21

7
2
2
0

302 4
42 7
106 1
21 5

_do

139.0

137. 1

152.0

143.8

137.9

132.9

137.7

139 9

137 8

143 9

153 0

152 2

158 8

168 1

177 0

181 0

do
-do. __
do _ _
do
_do_
do
do
-do _ _

131. 1
98.5
34.2
64.3
32.6
32.0

132.2
100. 9
36.0
64.9
31.2
30.7

148.3
105. 8
38.4
67.4
42.6
42.0

3.6
2.4

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
55

131.4
101.7
36.1
65 6
29.7
29 4
63
6 2

133
103
36
67
30
29
6
6

7
4
2
2
3
9
2
1

132 1
98 5
36.3
62 1
33 6
33 0
5 7
5 6

139
101
37
64
37
36
4
3

0
9
6
3
0
6
9
9

146 4
105 0
38 3
66 7
41 4
40 9
6 6
51

150 9
106 3
38 7
67 6
44 5
43 9
13
— 2

157 2
109 8
38 8
71 0
47 3
46 7
17

167 7
116 1
41 3
74 8
51 6
51 0

8

4
1

172 0
119.2
42. 0
77.2
52.8
52 1

5.4

131.4
100.2
35.5
64.8
31.2
30 6
15
14

5.0
4.3

175 3
121 1
41 6
79 4
54 2
53 4
5 7
53

66! 1
65.4

2.6
58.1
55 5

2.7
59.2
56 5

3.6
61 5
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
70 7
75 3

—5.2
70.0
75 2

-3.4
75.0
78 4

227.0
96 2
72 5
130 8

229. 5
96 3
71 2
133 3

233.6
97 9
70 1
135 7

240.9
100 7
71 9
140 2

249.4
105 7
76 7
143 7

254.1
108.1
78.6
146 0

256. 6
106.2
75.2
150 4

Personal consumption expenditures, total

Durable goods, total 9
do
Automobiles and parts
_ _ _
do
Furniture and household equipment _. _ do
Nondurable goods, total?
Clothing and shoes
Food and beverages
Gasoline and oil
Services total 9
Household operation „
Housing
_
_
Transportation

_.

_ _

__:

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

___.__do
do._
do

7.8
7.7

4.9
4.8

9
1
2
1

4
9
1
0

7
2
4
8

1.9
55.5
53.6

3.6
62.9
59 3

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

210.0
98.8
78.4
111.2

219.0
96.5
75.1
122 5

232.8
97. 8
71.4
135.0

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

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

922 5
449. 7
182 3
267.4
377.9
94.9

971 5
467.0
183 0
284.0
409 2
95.4

1 046 7
491.8
194 6
297.3
443 9
111.0

931 1
451 8
183 0
268 8
383 2
96 1

943
458
184
273
391
93

956
462
184
277
400
93

965
467
185
282
405
93

980
472
187
285
412
95

2
7
4
2
2
3

984 1
465 6
174 8
290 7
418 7
99 8

7.8
50
28

4.9
19
30

3.6
11
2 5

5.7

do
do_ _
do
do_ _
do
_ _do_ _

Change in business inventories—
Durable goods
Nondurable goods

do
do
do

10. 6
65
41

4
0
7
3
9
4

4
3
4
8
6
5

5
3
2
1
1
1

5.5
37
19

1.5
10

5

6.3
16
4 7

6.2
6 0

720.4

723.2

726.8

2

n

6 6

8
0
8
3

2
7
9
0

1,139.4 1, 162. 2

2
5
1
5

4
3
6
7

308 3
43 9
108 2
21 9

1 018 5 1 036 4 1 055 6 1 076 4 1 108 6 1 134 4 1 156 6
532 1
543 1
517 2
496 2
503 1
482 2
485 8
214 6
220 7
200 1
208 8
189 6
191 0
197 7
317.5
308 4
322 4
292 6
294 8
303 0
298 5
477 3
467 3
456 3
446 7
487 5
441 1
431 3
125. 0
124 2
126 0
105 0
109 5
112 7
117 0
1.3
10
2 3

1.7
19
35

'o

.4
4

5.0
30
2 1

5.7
15
41

737.9

742.5

754. 5

766.5

783. 9

795.3

493 0

497 4

511 0

520.9

528. 7

98 6
214 7
197 7

100 7
220 1
200 0

104 4
221 7
202 6

6.6
36

4.9
3 7
12

31

731. 9

GNP in constant (1958) dollars!
Gross national product, totalf

.

bil. $__

725. 6

722. 1

741.7

729.2

725.1

469.1

477.0

495.4

469 5

472 2

do
do
do

85 6
201 3
182 2

83 1
207 0
186 8

92 1
211 1
192 2

85 0
201 2
183 3

do

110.5

104.0

108.6

do
do
do
do

103.8
80 1
23 7
6 7

99
77
22
4

9
e
3
1

105 9
76 8
29 1
2 6

____do

.2

2.2

.1

Personal consumption expenditures, total.- _do_ _
Durable goods
Nondurable goods
Services
_ _ _

474 1

476 9

85 4
201 5
185 2

83 8
204 4
185 9

84 7
206 0
186 2

114.0

107.4

102. 0

104
80
23
9

102
80
21
4

8
9
9
6

101 0
78 8
22 2

.8

Govt. purchases of goods and services, total.. do____ 145.9 139.0 137.6 145.1 144. 6
Federal..
_ _
do
72 3
73 5
64 7
60 8
71 5
State and local
do
72.4
74.3
76.8
79, 7
73 1
T
Revised.
*> Preliminary.
fRevised series. Estimates of national income and product
and personal income have been revised back to 1969 (see p. 16 ff. of the July 1972 SURVEY);

Gross private domestic investment, total
Fixed investment
Nonresidential
Residential structures
Change in business inventories
Net exports of goods and services

__

6
9
7
4

.7

480 2

718.0
476 5

84 9
207 7
187 6

78 9
209 9
187 8

105.6

106. 2

102.2

9

100 0
78 9
21 1
56

101 3
79 3
22 0
4 9

97
73
23
4

1.9

2.0

2.9

1.9

142.4
69 0
73 fl

138.6
64 8
73 8

137.5
62 9

137. 3
62 1

74. fi

7K 1

4
6
9
8

488 2
88 8
210 0
189 3

90 0
211 2
191 8

94 2
210 5
192 8

503 2
95 4
212 8
195 0

105. 0

110.0

107.3

112. 0

116.6

122.0

123. 9

101
75
25
3

104
76
28
5

7
4
3
3

106 6
76 4
30 1

111 3
79 2
32 l

116 3
82 2
34 2

119.4
84.4
35.0

3

118. 0
83 6
34 4
39

2.7

. -..7

.1

-1.8

-3. 3

—2.8

-..8

136.1
60 2

135.7
59 7
7fi n

137.6
61 0

141.1
62 3
78 8

142.2
62 8

143.9
63 7
80.3

143. 6
61.6
81.9

2
3
9
8

75 Q

7

7fi 7

7

7Q 4

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-i
478-721 O - 72 - SI




4.5

SUEVEY 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
IV

Annual total

October 1972

I

II

1971
III

I

IV

II

1972
IV

III

I

II

III?

IV

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, total f

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 i_
Transportation, communication, and public
utilities-bil. $_.
All other industries
- do

798.6

855.7

781. 0

787.5

796.7

806.3

804. 1

834.5

851.4

860.8

876.2

903.1

922.1

603.8

644.1

585. 2

594. 3

600.7

609.0

611. 2

628.6

639.6

648. 0

660.4

682.7

697.8

709.7

509.7
405.6
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

526.8
418.6
19.6
88.5
58.4
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
15.9
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
475.8
20.8
110.0
76.1
73.3
54.3
19.1
25.2

620.0
487.1
20.5
112.4
77.8
73.2
54.4
18.7
24.2

630. 2
494.5
20.3
115.3
79.5
75.3
56.2
19.1
26.2

79. 8

69.9

78.6

73.5

69. 3

71.5

72.0

66.9

76.6

80.1

78.3

79.4

81.8

86.1

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

17.5
68.5
37.0
17.6
19.4

7.6
23.9

7.8
22.0

8.8
22.8

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

12.4
61.1
32.8
17.1
15.7

12.8
56.5
29.4
16.4
13.1

10.1
20.7

7.6
20. 1

8.2
22.9

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

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

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 ' 88 2
35.3
38.8
48.0
49.5
25.2
26.0
22.7
23.5
—3 9
—6 5
39.7
40.1

91 6
40.1
51.5
26. 2
25.3
—5 5
40.9

—6 1
41.7

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

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
55.9

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
136.5
770. 5
714.9
55.7

922.1
139.5
782.6
732.5
50.1

939.5
140.8
798.7
747. 4
51.3

75.56
31.68
15.96
15.72

. 79.71
31.95
15. 80
16.15

81. 21
29.99
14.15
15.84

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
6.61
3.29
3.32

22.01
7.63
3.71
3.92

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

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

14.38
.61
.48
.73
.39
4.24
3.61
.62
2.95
4.98

14.41
.60
.43
.58
.37
4.50
3.62
.84

15. 89
.65
.43
.70
.30
4.96
4.11
.85

27.92

28.86

..do
do
do
do

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

87. 12
30.37
14. 77
15.60

190.38 191.84
32.62 33.22
16.58
16.22
16.65
16.40

do
do
do
do
do
do
do
do
do
do

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

56.70
2.42
2.10
1.96
1.48
16.92
14.27
2.65
li. 71
20.10

56.75
2.38
1.88
2.89
1.53
16.60
14.32
2.27
11.59
19.88

15,748
9,584

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:
4.11 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

do
do
do....
do
..do
_.do_._
do
do
do

Seas. adj. qtrly. totals at annual rates:
All industries
.Manufacturing
Durable goods industries If
Nondurable goods industries f
Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation
Public utilities
Electric
Gas and other
Communication
_
Commercial and other

U.S. BALANCE OF INTERNATIONAL
PAYMENTSd"
Quarterly Data Are Seasonally Adjusted
(Credits -H debits -)
Exports of goods and services (excl. transfers under
militarv grants)
mil $
Transfers under U.S. military agency sales contracts
mil $
Receipts of income on U.S. investments
abroad
__mil. $.
Other services
do_ .
Imports of goods and services.
ero d. uuoo, ctujubie ,
.

766.0
566.0

.,

y ~. -

do

122.56 1 25. 16
9.27
8.15
4.69
4.00
4. 58
4.15

57.76
2.46
1.71
2.57
1.49
17.36
14.60
2.75

58.61
2.52
1.56
2.59
1.10
18.36
15, 03
3. 32

232.19 232.49

17,763 ?17,347
11,809 *>11,463

55, 502
36,417

62,870
41, 963

66, 133
42, 770

14,800
9,871

15,375
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

1,512

1,478

1,922

336

273

441

329

436

510

516

474

423

334

*322

3,015
2,165

3,651
2,110

3,249
2,371

"3, 207
*>2, 355

10, 539
7,034

11, 426
8,004

12, 898
8, 543

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

-53, 59 -59,307 -65,406 -14, 129 -14,477 -14, 795 -14, 943 -15, 093 -15, 444 -16, 639 -17,042 -16, 285 -18,937 P -18,89
-35, 796 -39, 799 -45, 459 -9, 381 -9, 731 -9, 831 -9, 968 -10, 269 -10, 728 -11, 722 -11, 951 -11, 058 -13,482 P -13,39
1 175 -1,214 -1, 198 -1,230 -1,218 p-1,23
-4,856 -4,852 -4,816 -1,251 -1, 180 -1, 259 -1, 210 -1, 203

Payments of income on foreign investments in the
U.S .
..
mil. $_ -4, 564
Other services.—
do __ -8, 376

-5, 167 -4, 903 -1,315 -1, 344 -1,322 -1,284 -1, 217 -1, 139 ^1, 106 -1, 304 -1, 356
-9, 491 -10, 227 -2, 182 -2, 222 -2, 383 -2, 481 -2, 404 -2, 402 —2, 597 --2,589

671
898
3,563
727
Balance on goods and services, total
do. . . 1,911
490
621
2,164 -2,689
500
Merchandise, adiusted. excl. militarv
do
f Revised.
» Preliminary.
1 Estimates (corrected for systematic biases) for JulySept, and Oct.-Dee. 1972 based on expected capital expenditures of business. Expected expenditures for the year 1972 appear on p. 17 of the Sept. 1972 SURVEY.
2 includes communication,
f See corresponding note on p. S-l.
9 Includes inventory valuation
adjustment.
© Personal outlays comprise personal consumption expenditures, interest




26.5

-1,387 p-1,39
-2, 850 "-2,87

-537 -1, 174 p-1,54
91
989
36
967
712
1,136
-472 -1,494 -1,673 p-1,92
289 -1,012
734
737
193
paid by consumers, and personal transfer payments to foreigners.
§ Personal saving is
excess of disposable income over personal outlays.
IfData for individual durable and nondurable goods industries components appear in the
Mar., June, Sept., and Dec. issues of the SURVEY.
cfMore complete details appear in the
quarterly reviews in the Mar., June, Sept., and Dec. issues of the SURVEY.

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