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y BUSINESS STATISTICS THE DATA here are a continuation of the statistics published in the 1947 Statistical Supplement to the SURVEY OF CURRENT BUSINESS. That volume contains monthly data for the years 1941 to 1946, and monthly averages for earlier years back to 1935 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1941. Series added or revised since publication of the 1947 Supplement are indicated by an asterisk (*) and a dagger (f), respectively, the accompanying footnote indicating where historical data and a descriptive note may be found. The terms "unadjusted" and "adjusted" used to designate index numbers refer to adjustment of monthly figures for seasonal variation. Data subsequent to August for selected series will be found in the Weekly Supplement to the Survey. Unless otherwise stated, statistics through 1946 and descriptive notes may be found in the 1947 Supplement to the Survey 1948 1947 August September October November December January February March April May June July August GENERAL BUSINESS INDICATORS NATIONAL INCOME AND PRODUCTf Seasonally adjusted quarterly totals at annual rates: National income, total bil. of dol Compensation of employees, total do Waces and salaries, total do Private do Military do Government civilian do Supplements to wages and salaries do Proprietors' and rental income, total do Business and professional _ do Farm do Rental income o f 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 Inventorv valuation adjustment do Net interest do 200.6 127.6 122.5 105 3 3.7 13. 5 5.1 44.4 23.0 14.3 7.1 212.8 132.2 127. 1 109 5 3.6 14.0 5.0 48.6 24.7 16.5 7.4 215.1 133 7 128.8 111 1 3.5 14 2 4.9 50 6 25.0 18.0 7.5 221.4 133.9 129. 1 111 0 3.6 14 5 4.9 51.9 25.4 18.9 7.6 24.3 29.1 11.4 17.7 -4.8 4.4 27.5 32.4 12.7 19.7 -4.9 4.5 26 2 31.4 12.2 19.2 —5.3 4.6 30.9 33.4 13.0 20.4 -2.5 4.7 Gross national product total do Personal consumption expenditures total do Durable goods do Nondurable goods do Services do Gross private domestic investment do New construction do Producers' durable equipment do Change in business inventories do Net foreign investment do Government purchases of goods and services, total bil of dol Federal (les^ Government sales) do State and local do 227.9 165 6 21. 1 96.8 47.7 25 6 11.6 17.6 -3.5 8.4 243.8 171 1 22.1 100.2 48.8 35.4 14.0 18.9 2.5 8.2 243 8 172 0 21 4 101.0 49 6 38.5 14.3 19 6 4.6 39 248.2 175 1 22.3 102.4 50.4 37 2 14.3 20 6 2.3 3.9 28.3 15.7 12.6 29.0 15.5 13.5 29 4 16.0 13.4 32.1 17.9 14.2 Personal income total Less* Personal tax and nontax pavments Equals' Disposable personal income Personal saving<5§ 196 7 21.7 175.0 9.4 203.1 22.2 180.9 9.7 207.3 23 6 183 7 11.7 208 8 21.6 187.3 12.2 do do do do PERSONAL INCOME BY SOURCE t 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 _ _ _ d o Total transfer payments _ _ __ _ _ _ -..do. _ Total nonagricultural income do 190.8 120.1 122.2 54.3 35.4 15.3 17.2 206.2 121.9 123.9 55.4 36.0 15.2 17.3 200.0 122.7 124.7 55.9 36.0 15.2 17.6 201.4 125.5 127.3 57.4 37.1 15.2 17.6 207.7 127.4 129.4 59.2 37.4 15.2 17.6 209.4 127.5 129.7 59.3 37.5 15.3 17.6 206.8 126.9 128.9 58.0 37.8 15.4 17.7 205.6 125.7 127.8 57.0 37.5 15.4 17.9 207.4 125.0 127.0 56.3 37.2 15.6 17.9 207.2 126.8 128.8 57.2 37.9 15.6 18.1 212.3 129.7 131.9 59.6 38.2 15.8 18.3 ' 212. 9 ' 131. 8 ' 134. 0 '60.0 '39.0 ' 16.2 '18.8 215.1 134.7 136.9 61.4 39.5 16.5 19.5 2.1 1.8 42.8 15.6 10.5 2.0 1.9 45.0 16.2 21.2 2.0 1.9 47.5 15.9 12.0 1.8 1.9 47.1 16.1 10.8 2.0 1.9 51.3 16.2 10.9 2.2 1.9 52.4 16.5 11.1 2.0 2.0 50.0 16.6 11.3 2.1 1.9 49.3 16.6 12.1 2.0 2.0 51.9 16.7 11.8 2.0 2.0 50.7 16.8 10.9 2.2 2.0 52.8 16.8 ••11.1 2.2 2.1 '51.0 17.0 '11.0 2.2 2.1 50.3 17.1 10.9 173.1 187.4 179.7 181.4 184.2 184.7 184.5 184.1 183.7 184.4 187.7 ' 189. 3 191.9 NEW PLANT AND EQUIPMENT EXPENDITURES 4,960 4,140 4,170 ' 4, 810 All industries total mil. of. dol 620 500 500 ••640 Electric and gas utilities do r 2,290 1,870 1 800 2, 140 Manufacturing do 210 180 180 ••200 Mining do 310 270 230 '300 Railroad _ _ ._ do _ 190 180 200 '190 Other transportation do 1,340 1,240 1,160 ' 1, 340 Commercial and miscellaneous do ' Revised. § Personal savings is excess of disposable income over personal consumption expenditures shown as a component of gross national product above. F Revised series. Estimates of national income, gross national product, and personal income have been revised beginning 1944; see pp. 27-29 of the July 1948 Survey for the revised figures. 807380°—48 4 S-l