The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
SURVEY OF CURRENT BUSINESS 16 January 1968 NATIONAL INCOME AND PRODUCT TABLES 1966 1966 1967* III 1966 1967 IV II Ill IV 1966 1967 ^ III 1967 II IV III IV P Seasonally adjusted at annual rates Seasonally adjusted at annual rates Billions of 1958 dollars Billions of current dollars Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2) Gross national product _ 743 3 785.1 748 8 762 1 766.3 775.1 791 2 807.6 652.6 669.2 654.8 661.1 660.7 664.7 672.0 679.4 Persona! consumption expenditures 465 9 491 6 470 1 473 g 480 2 489.7 495 3 501 4 418 0 429 9 420 4 420.4 424.2 430.6 431.5 433.2 Durable goods.. _ _ _ _ _ _ _ Nondurable goods Services _ _ _ _ _ 70.3 207.5 188 1 72.1 217. 5 202 1 70.9 209.5 189 8 70.6 210.3 192 9 69.4 214.2 196 6 72.5 217.2 200 0 72 7 218.5 204 1 73.7 220.2 207 5 71.3 187.7 159.1 72.1 192.8 164. 9 71.9 188.8 159. 8 71.1 188.4 160.9 69.7 191.8 162.6 72. 9 193.6 164.1 72.7 192.8 166.0 73.0 193.2 167.1 118 0 112.1 116.4 122 2 110.4 105.1 112 2 120.7 105.6 96.9 103.6 108. 4 96.9 91.3 96.4 102.9 104 6 107 0 104 9 103 7 103 3 104 6 108 4 111 7 93 0 92 1 93.0 91.2 90.2 90.9 92.9 94.5 Nonresidential Structures _ Producers' durable equipment- 80 2 27 9 52 3 82 5 26 8 55 7 81 2 28 2 53 1 82 8 27 7 55 1 81 9 27 7 54 2 81 5 26 3 55 2 82 8 26 6 56 2 83 8 26 5 57.3 72 8 23 6 49.2 73 0 21 8 51.2 73 6 23.7 49.9 74.2 23.0 51.2 73.0 22.9 50.1 72.6 21.7 51.0 73.2 21.5 51.7 73.2 21.2 51.9 Residential structures Nonfarm Farm 24 4 23 8 5 24 5 23 9 6 23 7 23 2 5 20 9 20 4 5 21 4 20 9 6 23 1 22 5 6 25 6 25 0 g 27 9 27.4 6 20 2 19.7 5 19 2 18.7 5 19.4 19.0 5 17.0 16.5 .5 17.3 16.8 .5 18.3 17.8 .5 19.7 19.2 .4 21.3 20.9 .4 13 4 13 7 — 3 51 4 7 4 11 4 12 0 — 5 18 5 19 0 — 5 7.1 73 — 2 5 6 _ i 38 34 4 9.0 75 15 12.6 12 9 — 3 4.7 4 3 4 10.6 11 1 —.5 17.2 17.7 —.5 6.7 6.8 -.2 .4 .5 —.1 3.5 3.2 .4 8.4 6.9 1.5 Gross private domestic investment Fixed investment _ Change in business inventories. _ _ _ _ Nonfarm Farm.. _ Net exports of goods and services Exports Imports 5I 50 4 6 4.3 5 3 5.3 54 4.0 4.4 3.8 4.1 3.2 4.1 4.1 4.2 2.9 43 0 37 9 45 4 40 4 43 7 39 0 44 0 39 7 45 3 39 9 45 1 39 8 45 6 40 2 45.6 41 6 40.8 36 4 42.5 38 7 41.4 37 3 41.2 38.0 42.4 38.3 42.3 38.2 42.8 38.6 42. 7 39.9 154 3 176 3 157 7 161 7 170 4 175.0 178 2 181.5 124 5 138 6 126.6 129.1 135. 5 138.7 139.9 140.4 Federal National defense Other.. 77 0 60 5 16.5 89 9 72 6 17.3 79 5 63 0 16.6 81 5 65 6 15.9 87 1 70 2 16.8 89 5 72 5 17.0 90 9 73 3 17.6 92 0 74 3 17.7 64 7 74 o 66 4 67.8 72.3 74.4 75.1 74.4 State and local 77.2 86.4 78.1 80.2 83.3 85.4 87.4 89.5 59.9 64.6 60.1 61.3 63.2 64.3 64.9 66.0 Government purchases of goods and services Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5) 743 3 785 1 748 8 762 1 766 3 775 1 791 2 807 6 652 6 669 2 654 8 661.1 660.7 664.7 672.0 679.4 729.9 13 4 780.0 737.4 5 1 11 4 743.6 18 5 759.2 7i 774 6 5 787.4 38 798.7 9 0 639.9 12 6 664.5 4 7 644.2 10.6 643.9 17.2 654.0 6.7 664.3 .4 668.5 3.5 671.0 8.4 379.6 396.2 381 8 391.7 388 1 392.1 398 7 406.1 353.7 361.5 354. 7 361.1 356.6 359.5 362.9 366.9 366 2 13.4 391 1 51 370 3 11 4 373 2 18 5 380 9 7i 391 6 5 394 9 38 397 1 9.0 341.0 12.6 356.7 4.7 344.1 10.6 343.9 17.2 349.9 6.7 359.1 .4 359.4 3.5 358.6 8.4 Durable goods.. Final sales _ _ Change in business inventories 154 6 144 7 99 158 8 155 9 2 8 155 7 145 8 99 161 1 148 3 12 8 153 9 150 5 34 155 5 156 0 — 6 161 4 157 9 35 164 4 159 3 51 150.0 140.6 93 150. 5 148.0 25 150.8 141.6 9.2 154.2 142.3 11.9 146.6 143.6 3.0 148.3 148.9 -.6 153.0 149.8 3.2 154.1 149.6 4.6 Nondurable goods Final sales Change in business inventories _ 225 0 221 5 35 237 5 235 2 2 3 226 1 230 6 224 5 224 9 15 57 234 2 230 5 37 236 6 237 3 241 8 235 5 237 0 237 8 11 3 40 203 7 200 4 33 211 0 208 8 22 203.9 202 5 1.4 206.9 201.6 5.3 210.0 206.3 3.6 211.2 210.2 1.0 209.8 209.5 .3 212.8 209.0 3.8 287 2 311 0 291 6 296 9 303 1 307 8 313 5 319 7 235 2 245 6 237.9 239.8 242.7 244.4 246.9 248.4 76 5 77 8 75 5 73 5 75 2 75 2 79 0 81 9 63.7 62.1 62.2 60.2 61.3 60.8 62.3 64.1 Gross national product— Final sales Change in business inventories Goods output _ Final sales Change in business inventories Services Structures __ „ __ _ _ 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 p Preliminary. 743 3 785. 1 748 8 666 7 699 7 670 6 642 4 617 6 24 8 673 8 649 8 24 0 646 2 621 6 24 6 20 1 21 5 20 3 42 76 6 4 5 85 4 41 78 2 766 3 775.1 791 2 807.6 652.6 669.2 654.8 661.1 660.7 664.7 672.0 679.4 681 9 683 9 690 9 705 2 719 0 597 5 610 2 599 0 604.2 602.7 606.0 612. 5 619.4 656 9 633 0 23 9 658 7 635 1 23 6 665 3 641 9 23 3 679 0 654 6 24 4 692 2 667 4 24 8 578 9 556 4 22 4 590 6 566 5 24 1 580 2 558 0 22.2 585 1 562.7 22.4 583.6 559.9 23.7 586. 6 563. 0 23.6 592. 7 568.4 24.2 599.4 574.6 24.8 20 6 21 1 21 4 21 2 22 2 14.7 15.3 14.8 14.9 15.1 15.3 15.0 15.5 4 2 49 4 6 4.0 4.3 4.0 4.0 4.8 4.4 57.9 58.7 59.6 60.0 762 1 4 4 80 2 41 82 5 84 2 86 0 88 7 40 55 0 4 3 59 1 55 8 56 9 CURRENT BUSINESS STATISTICS J.HE STATISTICS here update series published in the 1965 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY OF CURRENT BUSINESS. That volume (price $2.00) provides a description of each series, references to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1961 through 1964 (1954-64 for major quarterly series), annually, 1939-64; for selected series, monthly or quarterly, 1947-64 (where available). Series added or significantly revised after the 1965 BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively; certain revisions for 1964 issued too late for inclusion in the 1965 volume appear in the monthly SURVEY beginning with the September 1965 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding to revised annual data are available upon request. 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. 1964 Unless otherwise stated, statistics through 1964 and descriptive notes are shown in the 1965 edition of BUSINESS STATISTICS 1965 | 1966 1964 I I IV III II 1967 1966 1965 IV II Annual total IV III I II III | I V p i Seasonally adjusted quarterly totals at annual rates GENERAL BUSINESS INDICATORS—Quarterly Series NATIONAL INCOME AND PRODUCTf Gross national product, totalf 683.9 743.3 645. 1 662.7 675.4 690.0 708. 4 725.9 736.7 748.8 762.1 766.3 775.1 791.2 807.6 401.2 433.1 465.9 408.9 420.2 428.1 436.4 447.8 458.2 461.6 470.1 473.8 480. 2 489.7 495.3 501.4 2 25.8 25.0 66.0 29.9 27.0 70.3 29.8 29.9 58.7 24.6 25.6 65.2 30.4 25.8 64.2 29.2 26.1 66.1 29.8 27.3 68.6 30.3 28.9 71.6 31.4 29.4 68.2 28.5 29.1 70.9 29.8 30.6 70. 6 29.6 30.6 69.4 27.3 31.4 72 5 29.7 31.9 72.7 29.9 32.1 73.7 30.2 32.6 do do__ _ do do 178.7 33.5 92.9 14.0 191.2 36.1 99.0 15.1 207.5 40.3 106.7 16.2 182.9 34.5 95.1 14.3 184.6 34.6 95.6 14.3 189. 8 35.6 98.3 15.1 192.4 36.2 99.4 15.3 198. 0 37.8 102.5 15.7 203.2 39.5 105.2 15.8 207.1 39.8 107.0 16.2 209.5 41.0 107.3 16.3 210.3 40.8 107.2 16.6 214.2 41.5 109.3 17.1 217. 2 43.2 110 1 17 5 218.5 43.7 110.9 17.5 220.2 42.9 112.2 17.8 do do do _ do 163.3 24.3 59.3 11.6 175.9 25.7 63.6 12.6 188.1 27.0 67. 1 13.6 167. 3 24.5 60.8 11.8 170.4 24.7 61.9 12.0 174.2 25.5 63.2 12. 5 177. 8 26.1 64.2 12.8 181.2 26 5 65.3 13.1 183.5 26 1 66.2 13.2 186.3 26.9 66.5 13.5 189.8 27.4 67.4 13.7 192. 9 27.7 68.5 14.0 196.6 27.8 69.6 14.4 200.0 28 1 70 6 14.6 204.1 28.1 71.9 14.8 207.5 28 9 73.2 15.1 94.0 107.4 118.0 97.9 105. 1 105.1 108.2 112.3 115.2 118.5 116.4 122.2 110.4 105.1 112. 2 120.7 88.2 61.1 •21.2 39.9 27.1 26.6 98.0 71.1 25.1 46.0 27.0 26.4 104. 6 80.2 27.9 52.3 24.4 23.8 13.4 13.7 90.2 63.4 21.8 41.6 26.8 26.3 94.4 67.3 23.1 44.1 27.2 26.6 10.6 10.1 96.3 69.3 24.7 44.6 27.0 26.5 104.9 81.2 28.2 53.1 23.7 23.2 11.4 12.0 103.7 82.8 27.7 55.1 20.9 20.4 18.5 19.0 103.3 81.9 27.7 54.2 21.4 20.9 104.6 81.5 26 3 55.2 23.1 22.5 108. 4 82.8 26. 6 56.2 25.6 25.0 111.7 83.8 26.5 57.3 27.9 27.4 Personal consumption expenditures, total. __ do Durable goods, total 9 . d o Automobiles and parts . _ _ _ do___ Furniture and household equipment. do Nondurable goods, total 9 Clothing and shoes _ _ Food and beverages Gasoline and oil Services, total 9 Household operation Housing Transportation _ - _ - _ . Gross private domestic investment, total Fixed investment _ _ _ NonresidentiaL Structures Producers' durable equipment Residential structures _•__ Nonfarm __ __.. Change in business inventories Nonfarm _ _ ( 632.4 _ . _ _ _ _ _ _ _ _ _ b i l . $__ do _.___do do do do_ _ do do do do EQ 5.8 6.4 9.4 8.4 7.7 8.1 8.8 7.9 98.8 71.9 25 1 46.8 26.9 26.4 9 4 7.9 102.4 75.7 27 3 48.3 26.8 26.2 ^9 9 8.7 105. 3 78.3 28 3 50.0 27.0 26.5 9 9 9.6 104.5 78.7 27.5 51.2 25.8 25.3 14.0 14.4 7.1 7.3 .5 .6 3.8 3.4 9.0 7.5 8.5 6.9 5.1 8.5 6.1 8.2 6.1 6.1 5.4 4.6 4.3 5.3 5.3 5.4 4.0 39.1 32.2 43.0 37.9 7.4 37.1 28.6 38.3 29.8 35.1 28.9 40.7 32.6 40 3 32.9 40 5 34 4 42 0 36 0 42 5 37 1 43 7 39.0 44.0 39.7 45. 3 39.9 45.1 39.8 45.6 40.2 45.6 41.6 Govt. purchases of goods and services, total. _do Federal _ __ . do. National defense. . . _ .do. _ State and local do 128.7 65.2 50.0 63.5 136.4 66.8 50.1 69.6 154.3 77.0 60.5 77.2 129.8 64.5 48.9 65.3 131. 3 64.3 48.4 66.9 133.9 65.4 49.2 68.6 138.1 67.6 50.3 70 4 142.3 69 8 52 4 72 5 146.5 72 1 55.1 74 3 151.2 74.9 58.4 76 2 157.7 79.5 63.0 78 1 161.7 81.5 65.6 80 2 170.4 87.1 70.2 83 3 175.0 89.5 72.5 85.4 178.2 90.9 73.3 87.4 181.5 92.0 74.3 89.5 By major type of product:f Final sales, total Goods, total. . Durable goods. _ _ _ _ _ _ _ Nondurable goods Services Structures . _ _ 626.6 313. 6 122.8 190.7 244.2 68.8 674.5 337.2 132. 8 204.4 262.9 74.4 729.9 366 2 144. 7 221 5 287.2 76.5 637.4 317 9 123.3 194 7 250.1 69.3 652.0 325 9 129. 6 196 3 254. 6 71.6 666 5 332 8 130 0 202 9 260. 1 73 6 680 6 340 2 133 9 206 3 266 0 74 4 698 5 349 9 137 9 212 0 271 0 77 6 716 0 359 e 143 2 216 4 276 6 79 9 722 6 361 7 141 6 220 1 283.5 77 4 737 4 370 3 145 8 224 5 291.6 75 5 743 6 373 2 148 3 224 9 296.9 73 5 759 2 380.9 150 5 230 5 303.1 75 2 774.6 391.6 156 0 235 5 307.8 75.2 787.4 394.9 157 9 237 0 313. 5 79.0 798.7 397.1 159 3 237 8 319.7 81 9 5.8 9.4 13.4 99 7.7 10.6 8 7 70 1.8 9 4 71 2 3 99 50 4 9 99 7 4 2 5 14 0 9 7 4 3 11 4 99 15 18 5 12 8 57 71 34 37 .5 — .6 3.8 9.0 4 5 88 6 7 1.1 .3 Net exports of goods and services, Exports Imports do do do do do do do _ do. _ do __ Change in business inventories _ Durable goods Nondurable goods. _ _ do do _ do 4 2 1.6 2.7 3.5 3.2 2.0 35 51 4.0 GNP in constant (1958) dollars Gross national product, totalf bil. $__ 581.1 616.7 652.6 588.5 601.5 609.7 620.7 634.4 645.4 649.3 654.8 661.1 660.7 664.7 672.0 679.4 373. 7 398.4 418.0 379.3 389.1 394.1 400 7 409 9 416 2 415 2 420 4 420 4 424 2 430.6 431.5 433. 2 59 0 170 3 144 4 66 4 178 9 153 2 71 3 187 7 159 1 58 7 173 5 147 1 65 0 174 7 149 4 64 1 178 0 152 0 66 8 179 3 154 6 69 5 183 6 156 8 73 0 185 8 157 3 69 3 187 7 158 2 71 9 188 8 159 8 71 1 188 4 160 9 69 7 191 8 162 6 72 9 193.6 164.1 72 7 192.8 166.0 73 0 193 2 167.1 do. . 87.8 98.0 105.6 90.8 95.9 95.9 98 3 101 6 104 0 106 5 103 6 108.4 96 9 91.3 96.4 102.9 do do do do 81.9 57 8 24 2 58 89 1 66 0 23 2 88 93 72 20 12 83 59 23 7 86 62 23 9 87 64 23 8 89 66 23 8 92 69 22 9 94 71 22 9 5 8 8 5 93 1 71 7 21 4 13 4 93 73 19 10 91 74 17 17 90 73 17 6 2 0 3 7 90.9 72.6 18.3 92.9 73.2 19.7 94.5 73 2 21.3 do 8.3 6.0 Personal consumption expenditures, total. __ .do. _ 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 do do _ _ do 0 8 2 6 2 7 5 6 6 9 7 3 9 5 4 0 6 7 0 7 4 7 6 2 0 6 4 6 2 2 0 2 .4 3.5 8.4 5.2 6.8 6.4 5.6 5.4 4.8 4.1 3.2 4.1 4.1 4.2 .2.9 111.2 114.3 110. 5 124.5 111.3 57 g 58 1 64 7 56 7 56 3 53.2 56.4 59.9 53.8 55. 0 r Revised. ? Preliminary. * Preliminary annual totals for 1967 for components shown in this column appear on pp. 16-19 of this issue of the SURVEY. f Revised series. Estimates of national income and product and. personal income have been revised (see p. 13 ff. of the July 1967 SURVEY for data beginning 1964; for data prior to 1963, see p. 11 fl. of the July 1966 SURVEY) ; 112.9 57 1 55. 8 115.3 58 5 5fi.7 117.4 59 3 5«!o 119. 9 61 2 122.7 63 4 126.6 66 4 129.1 67 8 135.5 72 3 138.7 74.4 139.9 75.1 140.4 74.4 Govt. purchases of goods and services, total, .do. _. Federal. __ do State and local do 4.4 7.9 64.9 66.0 64.3 58.7 59.4 fiO.l 61.3 63.2 revisions prior to May 1966 for personal income appear on p. 21 of the July 1967 SURVEY and those for periods prior to 1963 on p. 18 ff. of the July 1966 SURVEY . 9 Includes data not shown separately. s-1 SURVEY OF CURRENT BUSINESS S-2 Unless otherwise stated, statistics through 1964 and descriptive notes are shown in the 1965 edition of BUSINESS STATISTICS 1964 1965 | 1966 Annual total 1965 I II January 1968 1966 IV III I II 1967 IV III 1968 I II III IV p 483.2 435.6 345.8 « 17.3 «72.5 «47.6 «59.3 « 44. 1 015.2 020.4 I GENERAL BUSINESS INDICATOR S— Quarterly Series— Continued NATIONAL INCOME AND PRODUCT— Con. Quarterly Data Seasonally Adjusted at Annual Rates 616.7 544.9 555.3 518, 1 562. 4 National income totalf bil $ 435. 7 381.5 388. 6 365. 7 393.9 Compensation of employees, total do 394.6 347.7 354. 2 333.7 359. 1 Wages and salaries, total _ do 269.4 289.8 316. 7 280.8 286.2 Private do 12.1 14.7 11.8 11.7 Military . do 11.7 57.1 63.2 55.1 52.6 56.3 Government civilian _ _ _ do 41.1 33.8 34.5 32.0 34.9 Supplements to wages and salaries ._ _ do 55.0 56.7 59.3 56.7 52.3 Proprietors' income, total 9 - -- - do 41.4 41.9 43.2 40.2 41.7 Business and professional 9 do 12.1 14.8 16.1 13.6 15.0 Farm do 19.0 18.6 18.0 19. 4 18.9 Rental income of persons do Corporate profits and inventory valuation adjust74.9 82.2 72.6 73.4 66.3 ment, total bil $ By broad industry groups: 8.4 8.4 7.9 9.3 8.2 Financial institutions do 66.5 58.4 72.9 64.4 65.0 Nonfinancial corporations total do 37.5 38.7 43.1 Manufacturing total do 32.7 37.7 18.7 15.9 14.9 16.5 16.0 Nondurable goods industries do 24. 4 22.2 21. 6 21.6 Durable goods industries do 17.8 Transportation, communication, and public 10.1 11.9 utilities bil $ 11.2 10.6 10.9 15.5 18.0 16.6 16.3 16,5 All other industries do 76.6 74.0 66. 8 83.8 75.6 Corporate profits before tax total do 34. 5 31.4 28.3 30.3 30. 9 Corporate profits tax liability do 38.4 49.3 45.2 43.7 Corporate profits after tax do 44.6 21.5 17.8 19.8 18.7 Dividends. _ do 19, 4 20.6 25.4 25.0 Undistributed profits do 27.8 25.2 -.5 -1.7 -1.6 Inventory valuation adjustment ___do___. -1.4 -2.1 20. 2 15.8 17.9 17.1 Net interest - _ _ . . do 17. 6 DISPOSITION OF PERSONAL INCOMEf Quarterly Data Seasonally Adjusted at Annual Rates 497.5 537.8 584.0 520.3 530.1 Personal income, total bil $ 59. 4 Less: Personal tax and nontax payments _do 65.6 75.2 64.3 66.1 Equals: Disposable personal income do 438.1 472.2 508.8 456.0 464.0 411.9 445.0 479.0 431.6 439.9 Less: Personal outlays© do Equals: Personal saving§. do 26.2 27.2 29.8 24.5 24.0 NEW PLANT AND EQUIPMENT EXPENDITURES Unadjusted quarterly or annual totals: All industries __„ _ _ _ bil. $ 44.90 51.96 60.63 10. 79 12.81 Manufacturing, do 18.58 22.45 4.54 26. 99 5.47 9.43 11.40 Durable goods industries. _•__•_ ,___do 13. 99 2.25 2.76 9.16 11.05 Nondurable goods industries. ___.do 13.00 2.28 2.70 Mining.. _ _ do 1. 19 1.47 .29 1.30 .33 1.41 Railroad.... _________ __ ... do 1.9S .39 .44 1.73 Transportation, other than rail do. 3.44 2.38 .58 2.81 .77 Public utilities.. _. do 6.22 8.41 1.32 6.94 1.71 Communication do .4.30 4.94 1.24 1.08 5.62 10.83 11.79 Commercial and other . do 12. 74 2.59 2.85 Seas. adj. qtrly. totals at annual rates: All industries do 49.00 50. 35 Manufacturing _ _ do 20. 75 21. 55 Durable goods industries do 10.40 10.80 Nondurable goods industries do 10.40 10.70 Mining _____ do 1.25 1.30 Railroad do 1.75 1.55 Transportation, other than rail do 2.55 2.70 Public utilities...-_ _ do 6.85 6.80 Communication do 4.55 4.80 Commercial and other do 11.30 11.60 U.S. BALANCE OP INTERNATIONAL PAYMENTScf Quarterly Data Are Seasonally Adjusted (Credits +; debits -) Exports of goods and services (excl. transfers under military grants) mil $ 37, 099 39,147 43,039 8,768 10, 180 Merchandise adjusted excl military do 25, 297 26,244 29, 168 5,628 6,880 Military sales do 747 847 192 844 210 Income on U S investments abroad do 1,562 5, 389 5,888 6, 245 1, 499 i Other services do 5,666 6,171 6,779 1,431 1,546 Imports of goods and services do -28, 637 -32, 203 -37,937 -7,232 -8, 139 Merchandise, adjusted, excl. military __do -18,621 -21, 472 oc c-in -4, 669 -5, 475 Military expenditures do -2, 861 -2,921 -3, 694 -671 -711 Income on foreign investments in the U.S__do -424 -1,455 -1, 729 -2,074 -401 Other services do -5,700 -6,081 -6, 659 -1, 491 -1,529 Unilateral transfers," net (excl. military grants); transfers to foreigners (— ) mil $ -2,782 -2, 824 -2,925 -664 -775Transactions in U.S. private assets, net; increase (— ) niil $ -6,542 -3,743 -4,213 -1,657 -389 Transactions in U.S. Govt. assets, excl. official reserve assets; increase (— ) mil $ -1,674 -1, 575 -1,531 -396 -490 Transactions in U.S. official reserve assets, net; increase (— ) mil $ 842 171 1,222 568 68 Transactions in foreign assets in the U.S., xiet (U.S. liabilities) ; increase (+) mil $ 3,314 -342 286 3,301 391 Liquid assets do -24 789 -267 2,629 113 Other assets do 2,512 -75 685 310 278 Unrecorded transactions do -302 53 -113 -949 -415 Balance on liquidity basis—increase in U.S. official reserve assets and decrease in liquid liabilities to all foreigners; decrease ( — ) mil $ -2,800 -1,335 -1,357 -818 199 Balance on official reserve transactions basis—increase in U.S. official reserve assets and decrease in liquid and certain nonliquid liabilities to foreign official agencies; decrease (-) mil. $_ -1,548 -1, 304 1 239 225 -834 r Revised. v Preliminary. c Corrected. « See note 1 on p. S-1. 1 Estimates for Oct.-Dec. 1967 based on anticipate isiness. d capital expendil ures of bt 2 Estimates for Jan.-Mar. 1968 based on antici pated cap>ital exp enditures of bushless. Anticipated expenditures for the year 1967 are as foil ows (in bil .$):Alli tidustries, 61.48; m anufacturing, total, 26.84; durable goods industries, 13.78; nondiarable g oods indiistries, 13.07; mining, 1.43; railroad, 1.55; transportation, 3.88; pu blic utilit les, 9.59; commerc al and o ther (incl. communication), 18.20. 3 Includes commuilication. 566.5 397.2 362.0 292. 1 12.1 57.8 35.2 57.2 42.0 15.2 19.1 582.8 408.4 372.4 300.0 13.1 59.4 36.0 57.8 42.5 15.3 19.2 600.3 420.8 381.3 306.9 13.6 60.7 39.5 60.0 42.8 17.1 19.2 610.4 430.7 390.2 313.8 14.2 62.2 40.5 59.3 43.3 16.0 19.3 622.1 441.2 399.6 320.1 15.1 64.3 41.6 59.2 43.3 15.9 19.4 634.1 450.2 407.4 326.1 15.8 65.6 42.7 58.6 43.4 15.1 19.6 636.4 459.1 414.7 331.4 16.1 67.3 44.4 57.8 43.2 14.6 19.8 641.6 463.4 418.3 333.2 16.2 68.9 45.2 57.8 43.4 14.3 20.0 653.4 472.6 426.2 339.4 16.3 70.6 46.4 58.8 43.8 15.0 20.2 74.9 78.7 81.1 81.3 81.9 84.6 78.1 78.3 79. 2 8.4 66.5 38.6 16.5 22.1 8.6 70. 0 41.0 17.4 23.7 8.9 72.2 42.7 18.3 24.3 9.0 72.2 42. 5 18.5 24.0 9.5 72.4 42.7 18.8 23.9 9.6 75.0 44.4 19.2 25.3 9.6 68.5 39.6 18.4 21.1 9.5 68.8 38.9 17.8 21.1 9.6 69.6 38.2 17.7 20.5 11.2 16.7 75.8 •31.1. 44.8 20.2 24.6 -.9 18.2 12.0 17.0 80.8 33.1 47.7 20.9 26.8 -2.2 18.8 11.7 17.8 83.7 34.5 49.2 21.4 27.8 -2.6 19.3 12.0 17.8 83.6 34.5 49.2 21.6 27.6 -2.3 19.8 11.8 17.9 84.0 34.6 49.4 21.6 27.8 -2.2 20.4 12.0 18.6 83.9 34.6 49.3 21. 2 " 28.2 .7 21.1 11.7 17.3 79.0 32.5 46.5 22.2 24.2 -,8 21.6 11.9 18.0 78.9 32.5 46.5 23.1 23.4 12.1 19.3 80.0 32.9 47.1 23.4 23.6 -.8 22.7 544.6 65.2 479.4 448.5 30.9 556. 1 66.7 489.4 460.1 29.3 567.8 70.4 497.5 470.9 26.6 577.3 74.1 503.3 474.6 28.7 589. 3 76.9 512.4 483.2 29.2 601.6 79.6 522.0 487.4 34.6 612.9 80.2 532.7 493.9 38.8 619.1 79.1 540.0 504.0 38.0 631,0 o642.1 82.8 <»84.6 548.2 « 557. 5 509.6 « 515. 9 38.5 «41.6 13.41 5.73 2.91 2.82 .32 .44 .72 1.88 1.22 3.10 14.95 6.72 3.48 3.24 .35 .46 .73 2.04 1.41 3.25 12.77 5.61 2.87 2.74 .33 .40 .75 1.60 1.26 2.83 15.29 6.78 3.51 3.27 .40 .55 1.00 2.09 1.42 3.06 15.57 6.84 3.54 3.30 ,37 .48 .82 2.36 1.36 3.33 17.00 7.75 4.07 3.68 .38 .55 .86 2.36 1.58 3.52 13.59 6.10 3.08 3.02 .32 .41 .70 1.84 1.35 2.87 15.61 6.81 3.46 3.34 .34 .41 1.12 2.46 1.49 2.99 15.40 1 16. 87 214.32 6.48 7.46 6.07 3.33 3.17 3.90 3.15 3.55 2.90 .37 .37 .40 .35 .34 .37 .98 1.10 1.08 2.22 2.66 2.63 1.46 3.09 M.95 M.22 52.75 23.00 11.75 11.25 1.25 1.70 3. 00 6.75 5.05 11.95 55.35 24.15 12.45 11.70 1.35 1.95 3.00 7.30 5.30 12. 25 58.00 25.60 13. 15 12.45 1.40 1.75 3.30 8. 25 5.35 12.35 60. 10 26.80 13.85 12.95 1.55 2.00 3. 50 8.30 5.50 12.45 61.25 27.55 14.35 13.20 1.45 1. 85 3.40 8.55 5.60 12.85 62.80 27.75 14.50 13.25 1.45 2.35 3.50 8.50 5.95 13.30 61.65 27.85 14.20 13.70 1.40 1.80 3.05 9.20 5.75 12.55 61.50 27.00 13.75 13.25 1.30 1.55 3.90 9.70 5.80 12.25 60.90 162.05 265.05 26.15 26.55 27.75 13.50 13.75 14.60 13.15 12.65 12.80 1.60 1.45 1.50 1.50 1.40 1.45 4.75 4.10 4.45 11.15 9.80 9.60 6.05 11.95 s 18. 50 3 is. as 10,080 10, 119 10, 511 10, 618 10,913 10, 997 11, 361 7,676 6, 811 6,925 7,203 7,181 7,382 7,402 339 210 212 209 222 230 206 1, 578 1,474 1,353 1,469 1,535 1,587 1,654 1,630 1,565 1,629 1,680 1,738 1,731 1,768 -8, 233 -8, 599 -8,997 -9, 265 -9, 762 -9, 913 -10,00 -5, 556 -5,772 -6, 025 -6,225 -6, 580 -6,680 -6, 662 -969 -1,045 -754 -861 -953 -785 -911 -557 -563 -475 -435 -469 -565 -471 -1,488 -1, 573 -1, 636 -1, 658 -1, 664 -1, 701 -1,740 22] 1 -23.3 11, 362 p 11,479 7,717 P 7, 644 P205 336 1,547 p 1, 834 1,762 p 1, 796 -10, 038 p-10,11 -6, 558 p-6, 55 -1,070 p-1,07 -547 p-583 -1,863 p-1,90 -852 p-864 -725 -660 -851 -733 -709 -632 -728 -885 -812 -981 -1, 135 -932 -1,165 -957 -244 -445 -365 -500 -328 -338 -737 -556 p-473 41 271 424 68 82 -6 1,027 -419 p-375 211 416 -205 -245 236 -12 248 -110 492 227 265 -233 1,145 54 1,091 -198 459 83 376 277 1,205 425 780 -148 325 -498 823 -287 2,193 p 1, 884 966 P 1, Oil P873 1,227 pl54 -553 -457 -259 -651 -122 -419 -529 -547 -165 «22.4 0-1.8 -1,13 p-1,69 p-636 p470 -18 "1,81 -828 -443 -916 861 -175 207 tSe e corresponding note on p. S-l. 91ncludes i nventory valuaticm adjust ment. ei}ersonal outlays cjomprise personal consum ption expenditur es, inter 3St paid by COB sume rs, and personal t ransfer payments to foreig]aers. lays. §P ersonal sa ving is e xcess of ctisposabl<3 income over per sonal oui tfar.,Jun e, Sept., and Dec cPBklore com plete det iils are gi ven in th e quarter ly review s in the ! issue 5 of the SiLJRVEY; q uarterly revisions back to 1960 are c n p. 22 fi of these pt. 1967 SURVEY
@FedFRASER