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SURVEY OF CUREENT BUSINESS 14 February 1973 NATIONAL INCOME AND PRODUCT TABLES 1972 1971 1971 1972 III IV I II 1972 1971 III IV 1971 1972 III Seasonally adjusted at annual rates IV I II III IV 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 Personal consumption expenditures.. Durable goods Nondurable goods.. Services Gross private domestic investment.. Fixed investment Nonresidential Structures Producers' durable equipment.. Eesidential structures. Nonfarm Farm Change in business inventories. Nonfarm Farm Net exports of goods and services. Exports Imports Government purchases of goods and services Federal National defense. Other State and local. 1,050.4 1,151.8 1,056.9 1,078.1 1,109.1 1,139.4 1,164.0 1,194.9 741.7 789.5 742.5 754.5 766.5 783.9 796.1 811.6 664.9 721.0 670.7 680.5 696.1 713.4 728.6 745.7 495.4 524.6 497.4 503.2 511.0 520.9 528.7 537.8 103.5 278.1 283.3 116.1 299.5 305.4 106.1 278.5 286.1 106.1 283.4 290.9 111.0 288.3 296.7 113.9 297.2 302.4 118.6 302.0 308.0 120.8 310.4 314.5 92.1 211.1 192.2 102.8 220.5 201.3 94.2 210.5 192.8 95.4 212.8 195.0 214.7 197.7 100.7 220 1 200.0 104.5 221.9 202.3 107.4 225.4 205.0 152.0 148.3 105.8 38.4 67.4 180.4 174.5 158.8 157.2 168.1 167.7 116.1 41.3 74.8 177.0 193.4 183.1 126.1 43.7 82.3 124.0 119.4 79.2 22.2 57.0 125.5 119.3 84.2 22.6 61.6 132.0 124.0 84.4 22.9 61.4 116.6 116.3 82.2 23.0 59.2 122.0 118.0 76.8 22.8 54.0 107.3 106.6 76.4 22.5 53.9 112.0 111.3 119.2 42.0 77.2 183.2 175.2 120.7 41.8 79.0 108.6 105.9 120.6 42.2 78.3 152.2 150.9 106.3 38.7 67.6 42.6 42.0 54.0 53.2 .7 44.5 43.9 .7 47.3 46.7 51.6 51.0 .6 52.8 52.1 54.4 53.7 57.0 56.1 29.1 28.7 .4 35.0 34.5 .5 30.1 29.7 .5 32.1 31.7 .4 34.2 33.8 .4 34.4 34.0 .4 35.1 34.6 .5 36.4 35.8 3.6 2.4 1.2 5.9 5.6 .3 1.3 -.2 1.6 1.7 .8 .4 .1 .3 5.0 4.3 .7 8.0 7.9 .1 10.3 10.1 .2 2.6 1.6 1.1 4.6 4.3 .3 .7 -.6 1.3 .7 -.1 .8 .3 -.1 3.9 3.4 .5 6.2 6.2 .1 8.0 7.8 .2 .7 -4.2 .4 -2.1 -4.6 -5.2 -3.4 -3.5 .1 -1.9 .1 -1.8 -3.3 -2.8 -.7 66.1 65.4 68.5 68.2 63.0 65.1 70.7 75.3 70.0 75.2 74.4 77.8 79.6 83.1 52.6 52.5 56.8 58.7 54.4 54.3 49.9 51.7 57.2 233.6 240.9 249.4 254.1 255.6 259.3 137.6 142.8 137.6 141.1 55.5 58.9 142.2 54.2 57.0 232.8 73.7 77.9 254.6 143.9 97.8 71.4 26.3 105.8 75.9 29.9 97.9 70.1 27.8 100.7 71.9 28.7 105.7 76.7 28.9 108.1 78.6 29.6 105.4 75.1 30.2 104.0 73.2 60.8 61.6 61.0 62.3 62.8 63.7 135.0 148.8 135.7 140.2 143.7 146.0 150.2 155.2 76.8 81.3 76.7 78.8 79.4 80.3 109.8 38.8 71.0 172.0 83.6 23.0 57.9 142.6 60.8 81.8 87.6 23.1 64.4 60.3 61.1 142.7 59.0 83.6 Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5) Gross national product.. 1,050.4 1,151.8 1,056.9 1,078.1 1,109.1 1,139.4 1,164.0 1,194.9 741.7 789.5 742.5 754.5 766.5 783.9 796.1 811.6 Final sales Change in business inventories. Goods output.. 1,046.7 1,145.9 1,055.6 1,076.4 1,108. 6 1,134.4 1,156. 0 1,184.6 3.6 1.3 8.0 5.9 1.7 .4 5.0 10.3 739.1 2.6 784.9 4.6 753.8 .7 400.4 766.3 .3 780.0 3.9 789.8 6.2 803.6 8.0 Final sales Change in business inventoriesDurable goods Final sales ,. .__ Change in business inventoriesNondurable goods Final sales Services--. Change in business inventories. Structures. 495.5 542.6 497.5 504.8 517.6 537.1 550.4 565.1 393.8 423.7 741.7 .7 394.5 407.0 420.7 428.7 438.3 491.8 3.6 536.6 5.9 496.2 1.3 503.1 1.7 517.2 .4 532.1 5.0 542.4 8.0 554.8 10.3 391.2 2.6 419.1 4.6 393.7 .7 399.7 .7 406.8 .3 416.7 3.9 422.5 6.2 430.3 8.0 195.7 194.6 1.1 222.5 217.3 5.2 196.7 197.7 -1.0 198.2 200.1 -1.9 209.2 208.8 .4 217.6 214.6 3.0 226.1 220.7 5.4 237.0 225.1 11.9 164.5 163.8 .6 185.5 181.6 4.0 164.9 166.0 -1.1 167.4 169.5 -2.1 175.0 174.8 .3 181.4 179.1 2.3 187.9 183.8 4.1 197.8 188.6 9.2 299.8 297.3 2.5 320.1 319.3 .8 300.8 298.5 2.3 306.6 303.0 3.5 308.4 308.4 .0 319.6 317.5 2.1 324.3 321.7 2.6 328.1 329.7 -1.6 229.4 227.3 2.0 238.1 237.5 .6 229.5 227.7 1.9 233.0 230.2 2.8 232.0 232.0 .0 239.2 237.6 1.6 240.9 238.7 2.2 240.5 241.7 -1.2 443.9 482.3 446.7 456.3 467.3 477.3 487.3 497.3 278.4 291.1 278.4 282.3 285.2 289.3 293.2 296.7 111.0 127.0 112.7 117.0 124.2 125.0 126.3 132.5 69.5 74.7 69.6 71.8 74.3 74.0 74.1 76.5 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.. Eest of the world General government— 1,050.4 1,151.8 1,056.9 1,078.1 1,109.1 1,139.4 1,164.0 1,194.9 741.7 789.5 742.5 754.5 766.5 783.9 796.1 811.6 681.0 728.1 681.7 693.7 705.6 723.0 734.5 749.4 658.5 633.0 25.5 704.8 681.5 23.4 659.8 633.9 25.9 669.8 644.8 25.0 682.9 659.2 23.8 700.1 676.4 23.8 710.8 688.4 22.4 725.5 701.9 23.6 39.4 16.9 17.9 16.9 17.1 17.4 17.7 18.2 18.2 7.8 5.6 5.5 5.0 6.8 5.4 5.2 5.6 5.7 140.2 60.7 61.4 60.8 60.8 60.9 60.9 61.6 62.1 925.6 1,015.7 931.4 950.2 976.6 1,005.0 1,026.6 1,054.7 884.7 853.9 30.9 970.6 937.1 33.4 890.9 859.6 31.2 906.6 874.5 32.1 933.7 901.8 31.9 960.8 928.2 32.6 33.9 37.8 34.3 35.1 36.0 37.3 38.6 6.9 7.3 6.2 8.5 6.8 6.9 7.6 124.8 136.1 125.5 127.9 132.5 134.4 137.4 980.4 1,007.4 947.4 971.2 33.0 36.3 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 SUEVEY That volume (available from the Superintendent of Documents for $3.00) provides a description of each series, references to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1967 through 1970 (1960-70 for major quarterly series), annually, 1947-70; for selected series, monthly or quarterly, 1947-70 (where available). Series added or significantly revised after the 1971 BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively; certain revisions for 1970 issued too late for inclusion in the 1971 volume appear in the monthly SURVEY beginning with the September 1971 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding to revised annual data are available upon request. The sources of the data are given in the 1971 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and are also listed alphabetically on pages 189-90. Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided through the courtesy of the compilers, and are subject to their copyrights. OF CURRENT BUSINESS. 1969 Unless otherwise stated in footnotes below, data through 1970 and descriptive notes are as shown in the 1971 edition of BUSINESS STATISTICS 1971 1970 1969 IV 1971 1970 I II | III IV I | II 1972 III | IV I II IV i III Annual total Seasonally adjusted quarterly totals at annual rates GENERAL BUSINESS INDICATORS—Quarterly Series J NATIONAL INCOME AND PRODUCT! Gross national product, total! Personal consumption expenditures, total bil.$. 930.3 976.4 1,050.4 948.9 958.0 971.7 986.3 989.7 do.__ 579.5 616.8 664.9 594.4 604.1 613.4 623.0 626.5 648.0 660.4 670.7 680.5 696.1 713.4 728.6 r 1,023.4 1,043.0 1,056.9 1,078.1 1,109.1 1,139.4 3,164.0 1,194.9 745. 7 Durable goods, total? 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 91.4 40.6 37.5 90.2 37.8 38.7 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 46.8 118.6 54.8 47.9 " 120. 8 " 55. 2 " 49. 1 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 23.5 251.1 51.1 122.6 21.5 257.8 51.1 128.0 21.8 262.4 51.8 131.2 22.0 266.3 51.7 133.9 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 59.4 140.3 24.6 297.2 61.5 144.1 24.5 302.0 62.6 145.8 25.4 310.4 " 64. 5 " 148. o "26.3 Services, total? Household operation._. Housing Transportation do_ do.. do.. do_. 242.7 33.8 84.1 16.6 261.8 36.3 90.9 18.2 283.3 39.5 99.2 19.9 251.9 35.1 87.2 17.1 256.1 35.3 88.7 17.7 259.4 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 41.2 104.2 21.0 302.4 42.7 106.1 21.5 308.0 44.0 108.1 21.9 " 314. 5 '45.1 110.2 22.4 139.0 137.1 152.0 137.9 132.9 137.7 139.9 137.8 143.9 153.0 152.2 158.8 168.1 177.0 183.2 " 193.4 132.2 100.9 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 2.4 132.3 101.4 35.8 65.7 30.9 30.5 5.5 5.4 131.4 100.2 35.5 64.8 31.2 30.6 1.5 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 5.6 139.0 101.9 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 .8 167.7 116.1 41.3 74.8 51.6 51.0 .4 .1 172.0 119.2 42.0 77.2 52.8 52.1 5.0 4.3 175.2 120.7 41.8 79.0 54.4 53.7 8.0 7.9 " 183. 1 " 126. 1 '43. 7 " 82. 3 r 57. 0 " 56. 1 '10.3 M0.1 3.6 62.9 59.3 .7 66.1 65.4 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 74.4 77.8 " -3.5 " 79.6 '83.1 227.0 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 78.6 146.0 255.6 105.4 75.1 150.2 " 259. 3 " 104. 0 " 73. 2 " 155. 2 1,156.0 542.4 220.7 321.7 487.3 126.3 L,184.6 • 554. 8 • 225. 1 • 329. 7 ' 407. 3 132. 5 5.0 3.0 2.1 8.0 5.4 2.6 " 10.3 11.9 -1. 6 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 do do .do. ..do.. _do_. ..do.. do do do 131.1 98.5 | 34.2 I 64.3 32. 32.0 7.8 7.7 1.9 55.5 53.6 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 71.4 135.0 214.0 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 product:! 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 1,046.7 491.8 194.6 297.3 443.9 111.0 943.4 458.0 184.7 273.3 391.9 93.4 956.4 462.3 184.4 277.8 400.6 93.5 965.5 467.3 185.2 282.1 405.1 93.1 980.2 472.7 187.4 285.2 412.2 95.3 984.1 465.6 174.8 290.7 418.7 99.8 7.8 5.0 2.8 4.9 1.9 3.0 3.6 1.1 2. 5 5.5 3.7 1.9 1.5 1.0 .5 6.3 1.6 4.7 6.2 6.0 .2 5.7 -.9 6.6 Change in business inventories Durable goods Nondurable goods do do do do do do do. do.. do.. 1,018.5 1,036.4 1,055.6 1,076.4 1,108.6 1,134.4 517.2 532.1 496.2 503.1 482.2 485.8 214.6 208.8 197.7 200.1 189.6 191.0 317.5 308.4 298.5 303.0 292.6 294.8 477.3 467.3 446.7 456.3 431.3 441.1 125.0 124.2 112.7 117.0 105.0 109.5 4.9 3.7 1.2 6.6 3.6 3.1 1.3 -1.0 2.3 1.7 -1.9 3.5 .4 .4 .0 GNP in constant (1958) dollars! Gross national product, total! Personal consumption expenditures, total Durable goods Nondurable goods. Services Gross private domestic investment, total Fixed investment Nonresidential Residential structures Change in business inventories Net exports of goods and services bil. $__| 725.6 722.1 741.7 725.1 720.4 723. 2 726.8 718.0 731.9 737.9 742.5 754.5 766.5 783.9 796.1 •811.6 do.. 469.1 477.0 495.4 472.2 474. 1 476. 9 480.2 476.5 488.2 493.0 497.4 503.2 511.0 520.9 528.7 • 537. 8 I 85.6 201.3 182.2 83.1 207.0 186.8 92.1 211.1 192.2 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 98.6 214.7 197.7 100.7 220.1 200.0 104.5 221.9 202.3 107. 4 • 225. 4 205. 0 104.0 108.6 107.4 102.0 105.6 105.0 110.0 107.3 112.0 116.6 122.0 125.5 132. 0 102.8 80.9 21.9 4.6 101.0 78.8 22.2 .9 100.0 78.9 21.1 5.6 106.2 I | 101.3 | 79.3 I 22.0 I 4.9 | 102.2 105.9 76.8 29.1 2.6 97.4 73.6 23.9 4.8 101.2 75.3 25.9 3.8 104.7 76.4 28.3 5.3 106.6 76.4 30.1 .7 111.3 79.2 32.1 .7 116.3 82 2 34.2 .3 118.0 83.6 34.4 3.9 119.3 84.2 35.1 6.2 ' 124. 0 ' 87. 6 "36.4 '8.0 .1 .8 1.9 2.0 2.9 i 1.9 2.7 .1 -1.8 -3.3 —2.8 -.7 ' —. 9 do do do do 110.5 do do do do I 103.8 ! 80.1 \ 23.7 ! 6.7 do.. 99.9 77.6 22.3 4.1 Govt. purchases of goods and services, total..do 145.9 139.0 137.6 144.6 142.4 Federal _ do 73.5 64.7 60.8 69.0 71.5 State and local do 72.4 | 74.3 76.8 73.5 73.1 r l Revised. v Preliminary. Annual totals for 1972 for components shown in this column appear on pp. 14-17 of this issue of the SURVEY. !Revised series. Estimates of national income and product and personal income have been revised back to 1969 (see p. 16 ff. -.7 142. 7 142.6 143.9 142.2 137.6 138.6 | 137.5 i 137.3 136.1 141.1 135.7 " 5!). 0 60.8 63.7 62.8 64.8 62.9 ! 62.1 61.0 62.3 60.2 59.7 80.3 1 81.8 "83.6 79.4 73.8 74.6 I 75.1 78.8 75.9 76.0 76.7 of the July 1972 SURVEY); 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-1 SURVEY 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 B U S I N E S S STATISTICS 1969 1970 1970 1971 I Annual total February 1973 II 1971 III IV I II 1972 III IV I II 903.1 922.1 1973 III IV 3 I GENERAL BUSINESS INDICATORS—Quarterly Series—Continued NATIONAL I N C O M E A N D PRODUCT—Con. Quarterly Data Seasonally Adjusted at Annual Rates bil. $ . . 766.0 798.6 855.7 787.5 796.7 806.3 834.5 851.4 860.8 876.2 Compensation of employees, totalt do.. 566.0 603.8 644.1 594.3 600.7 609.0 611.2 628.6 639.6 648.0 660.4 Wages and salaries, total Private Military Government civilian Supplements to wages and salaries Proprietors' income, total 9 Business and professional 9 . . Farm Rental income of persons do do do do do do do do do 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 24.5 534.9 422.5 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 19.8 569.6 576.5 587.3 606.6 447. 0 451. 6 460 9 475.8 19.4 18.8 19.4 20.8 68.2 68. 1 51.3 16.8 23.9 70.0 69.3 52.4 16.9 24.4 71.5 70.7 53.1 17.6 24.8 79.8 69.9 78.6 69.3 71.5 72.0 66.9 76.6 80.1 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 12.8 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 10.1 20.7 7.6 20.1 8.2 22.9 8.0 19.1 7.4 20.1 7.8 20.3 7.2 20.9 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 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 25. 5 17.7 -4.7 37.3 25. 4 25. 5 20.4 21.0 -4.4 -5.8 38.1 39.1 750.9 116.5 634.4 596. 2 38.2 806.3 116.7 689. 5 634.7 54.9 861.4 117.0 744.4 683.4 60.9 785.7 117.8 667. 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 75.56 31.68 15.96 15.72 79.71 31.95 15.80 16.15 81.21 29. 99 14.15 15.84 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 6.69 3.11 3.58 43.88 1.86 1.86 2.51 1.68 11.61 8.94 2.67 8.30 16.05 47.76 51. 22 2.16 1.67 1.88 1.38 10.32 .45 .42 .73 .28 2.54 2.15 .39 2.14 3.76 12.18 .47 .47 .80 .31 12.27 3.28 2.59 .69 2.59 4.26 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 do. do. do. do. 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 do. do. do. do. do. do. do. do. do. do. 45.78 1.92 1.74 2.94 1.37 12.14 9.7' 2.37 9.14 16.52 47.79 1.84 1.88 2.88 1.12 47.66 1.94 1.56 3.08 1.22 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 15,375 10,231 15,762 10,565 15,932 10,705 15,805 10,462 1,478 66,133 42, 770 1,922 441 329 436 11,426 8,004 12,898 8,543 2, 936 1, 935 2, 779 1, 977 2,863 2,035 2,850 2, 057 National income, totalf 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, 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 P E R S O N A L I N C O M E f Quarterly Data Seasonally Adjusted at Annual 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 1 Nondurable goods industries 1 Nonmanufacturing. Mining Railroad Air transportation Other transportation Public utilities E lectric Gas and other Communication Commercial and other U.S. 710.2 110.0 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. 6 • 648. 8 J94.8 510.0 20.4 20.6 115.4 118.1 79. 6 81.5 75.3 79.0 56.2 57.4 19. 1 21.6 26. 2 26.9 78.3 79.4 81.8 86.1 89.6 16.4 63. 7 31.2 16.8 14.4 17.0 16.6 61. 3 62 7 30.1 31*2 16.9 16 9 13.3 14.3 16.5 65.2 35.4 17.7 17.7 17.5 68.5 37.0 17.6 19.4 18.3 71.3 37.9 19.5 18.4 7.8 21.2 8.8 23.7 8.5 22.6 7 6 23.9 7.8 22.0 22.8 9.6 23.8 81.3 38.0 43.2 84.5 38.6 45.8 84.1 37.5 46.6 83 2 35 3 48 0 88.2 38.8 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 95.7 41.8 53. 9 26.5 27.3 -6.1 41.7 101.3 103.3 106.0 107.0 73.0 71 53.8 18 1 25.0 730. 3 26.7 -5.9 42.5 Ratei Personal income, total bil. $ . . Less: Personal tax and nontax p a y m e n t s 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 Manufacturing Durable goods industries 1 Nondurable goods industries 1 943. 0 697.8 bil. $.. do do do do. do . do. do. do_ do. do. do. do. ..do. 1.89 1.78 3.03 1.23 13.14 10.65 2.49 10.10 16.59 15.30 12.86 2.44 10.77 18.05 .46 .46 .74 .30 13.68 11.20 2.48 10.20 15.97 867.9 117.5 750.4 689.4 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. 9 974. 6 141. i • 146. 4 798. 8 ' 828. 2 748.0 765. 5 50.8 r 62. 8 20.60 20.14 22 79 7.55 7.31 8*44 3.52 3.40 4 12 4.03 3.91 4'. 32 19.38 6.61 3.29 3.32 22.01 7.63 3.71 3.92 21.86 7.74 3.86 3. 87 i 25.30 9.19 4.65 4.54 13.06 .54 .47 .60 .36 3.83 3.20 .63 2.81 4.44 12.83 14.35 12.77 .58 .55 -^ 45 .48 .42 -56 .50 .39 .32 .37 -37 4 9 3.63 4.07 3 -3.19 3.35 -60 .44 .71 -69 2.62 2 -84 2 72 4.42 5.26 X. 55 14.38 .61 .48 .73 .39 4.24 3.61 .62 2.95 4.98 14.12 .59 .38 ,61 .35 16.11 .67 .47 .69 .35 4.39 3.67 4.85 4.07 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 87.67 30.98 15.67 15.31 i 92.36 32.96 16.44 16.52 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 56.75 2.38 1.88 2.89 1.53 16.60 14.32 2.27 11.59 19.88 56.70 2.40 1.50 2.67 1.41 59.40 2.61 1.70 2.57 1.28 17.94 14.89 3.05 16.92 14.27 2.65 11.71 20.10 . 72 .78 2.84 4.97 2 9. 08 17.01 14.62 2.38 11.56 20.16 2 33.30 BALANCE OF INTERNATIONAL PAYMENTS^1 Quarterly Data Are Seasonally Adjusted (Credits + ; debits —) Exports of goods and services (excl. transfers under military grants) mil. $._ 55,502 36,417 Merchandise, adjusted, excl. military do Transfers under U . S . military agency sales contracts mil. $_. 1,512 Receipts of income on U.S. investments abroad mil. $ . . 10,539 7,034 0 t h e r services do Imports of goods and services do Merchandise, adjusted, excl. military do Direct defense expenditures do P a y m e n t s of income on foreign investments in the U.S mil. $ . . Other services do, Balance on goods and services, total Merchandise, adjusted, excl. military r do do 62,870 41,963 16,675 17,133 15,748 11,017 10,710 11,479 9,551 516 474 423 r 17, 745 11,792 334 ,307 *>18, 377 r ,460 12, 311 '13, 275 281 3,421 3, 249 3,297 3,015 3,6512,371 2, 399 2,152 2,165 2,110 p-19,273 -18,908 -18,933 -16,639 -17,042 -16,285 -13,390 -13,896 '-14,892 -11,722 -11,951 -11,058 '-13,481 -1,214 -1,198 -1,230 -1,218 - 1 , 239 '-1,080 2,937 2,116 -59,307 -65,406 -14,477 -14, 795 -14,943 -15, 093 15,444 -39, 799 -45,459 - 9 , 731 -9,831 - 9 , 968 -10, 269 10,728 -4,852 -4,816 -1,180 -1,259 -1,210 -1,203 -1,175 -4,564 -5,167 - 4 , 903 -1,344 — 1 322 -1,284 -1,217 -1,139 -1,106 -1,304 -1,356 -9,491 -10,227 —2 222 -2, 383 -2,481 - 2 , 404 -2,402 -2,597 -2,589 -2,641 -8,376 1,911 989 3,563 898 967 712 1,136 36 91 - 5 3 7 621 734 1 737 500 193 2,164 - 2 , 689 289 -1,012 - 4 7 2 -1,494 -53,591 -35, 796 -4,856 Revised. v Preliminary. i Estimates (corrected for systematic biases) for Oct. Dec. 1972 and Jan.-Mar. 1973 based on expected capital expenditures of business. Expected expenditures for the year 1972 appear on p. 19 of the Dec. 1972 SURVEY. 2 includes com3 1 Digitized for niunication. FRASER See'note on p. S-l. t See corresponding note on p . S-l. 9 Includes inventory valuation adjustment. © Personal outlays comprise personal consumption exhttp://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 16,580 -1,387 -1,417 '-1,497 -2,850 - 2 , 859 '-2,801 '-1,183 '-1,575 -1,687 -1,948 r —885 p-900 P-1,588 | penditures, interest paid by consumers, and personal transfer payments to foreigners. § Personal saving is excess of disposable income over personal outlays. I D a t a for individual durable and nondurable goods industries components appear in the Mar., June, Sept., and Dec. issues of the SURVEY. d"More complete details appear in the quarterly reviews in the Mar., June, Sept., and Dec. issues of the SURVEY.
@FedFRASER