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SUEVEY OF CURRENT BUSINESS

May 1973

NATIONAL INCOME AND PRODUCT TABLES
1972

1971
1971

1972

I

IV

II

1973

III

I

IV

1971
1971

1972

1972

I

IV

Seasonally adjusted at annual rates

II

1973

III

IV

I

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)
1,050.4 1,151.8 1,078.1 1,109.1 1,139.4 1,164.0 1,194.9 1,237.9

741.7

789.5

754.5

766.5

783.9

796.1

811.6

827.3

664.9

721.0

680.5

696.1

713.4

728.6

745.7

773.6

495.4

524.6

503.2

511.0

520.9

528.7

537.8

550.3

103.5
278.1
283.3

116.1
299.5
305.4

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

130.4
322.6
320.6

92.1
211.1
192.2

102.8
220.5
201.3

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

115.4
228 8
206.2

152.0
148.3

180.4
174.5

158.8
157.2

168.1
167.7

177.0
172.0

183.2
175.2

193.4
183.1

199.7
192.9

108.6
105.9

124.0
119.4

112.0
111.3

116.6
116.3

122.0
118.0

125.5
119.3

132.0
124.0

134.1
129.1

105. 8
38.4
67.4

120.6
42.2
78.3

109.8
38.8
71.0

116.1
41.3
74.8

119.2
42.0
77.2

120.7
41.8
79.0

126.1
43.7
82.3

133.5
46.7
86.8

76.8
22.8
54.0

84.4
22.9
61.4

79.2
22.2
57.0

82.2
23.0
59.2

83.6
23.0
60.6

84.2
22.6
61.6

87.6
23.1
64.4

91.7
24.1
67.6

42.6
42.0
.6

54.0
53.2
.7

47.3
46.7
.6

51.6
51.0
.6

52.8
52.1
.6

57.0
56.1
.9

59.4
58.4
.9

29.1
28.7
.4

35.0
34.5
.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
.6

37.4
36.8
.6

Change in business inventories
Nonfarm. .
Farm

3.6
2.4
1.2

5.9
5.6
.3

1.7
.8
.9

.4
.1
.3

5.0
4.3

54.4
53.7
.8
8.0
7.9
.1

10.3
10.1
.2

6.8
6.5
.3

2.6
1.6
1.1

4.6
4.3
.3

.7
-.1

.3
-.1
.3

3.9
3.4
.5

6.2
6.2
.1

8.0
7.8
.2

4.9
4.8
.2

Net exports of goods and services

.7

-4.2

-2.1

-4.6

-3.4

-3.5

-2.2

.1

-1.9

-3.3

-2.8

-.7

-.9

.0

66.1
65.4

73.7
77.9

63.0
65.1

70.7
75.3

70.0
75.2

74.4
77.8

79.6
83.1

87.6
89.8

52.6
52.5

56.8
58.7

49.9
51.7

55.5
58.9

54.2
67.0

57.2
57.9

60.3
61.1

63.9
63.9

232.8

254.6

240.9

249.4

254.1

255.6

259.3

266.8

137.6

142.8

141.1

142.2

143.9

142.6

142.7

142.9

97.8
71.4
26.3

105.8
75.9
29.9

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
30.8

106.6
75.0
31.6

60.8

61 6

62.3

62.8

63.7

60 8

59.0

58 0

135.0

148.8

140.2

143.7

146.0

150.2

155.2

160.1

76.8

81.3

78.8

79.4

80.3

81.8

83.6

84.9

811.6
803.6
8.0

827.3
822.4
4.9

Gross national product
Personal consumption expenditures
Durable goods
Nondurable goods
Services

_

. -

Gross private domestic investment .
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential structures
Nonfarm
Farm .

Exports
Imports..
Government purchases of goods and services
Federal
National
Other

d e f e n s e . . .

S t a t e a n d local

_

.7
-5.2

.8
-1.8

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
Gross national product.
Final sales
Change in business inventoriesGoods output.

1,050.4 1,151.8 1,078.1 1,109.1 1,139.4 1,164.0 1,194.9 1,237.9
1,046. 7 1,145.9 1, 076.4 1,108. 6 1,134.4 1,156. 0 1,184. 6 1, 231. 0
3.6
.4
5.9
1.7
5.0
8.0
10.3
6.8

741.7

789.5

754.5

766.5

783.9

796.1

739.1
2.6

784.9
4.6

766.3
.3

780.0
3.9

789.8
6.2

495.5

542.6

504.8

517.6

537.1

550.4

565.1

591.3

393.8

423.7

753.8
.7
400.4

407.0

420.7

428.7

438.3

451.3

Final sales
Change in business inventoriesDurable goods
Final sales
Change in business inventories-

491.8
3.6

536.6
5.9

503.1
1.7

517.2
.4

532.1
5.0

542.4
8.0

554.8
10.3

584.5
6.8

391.2
2.6

419.1
4.6

399.7
.7

406.8
.3

416.7
3.9

422.5
6.2

430.3
8.0

446.3
4.9

195.7
194.6
1.1

222.5
217.3
5.2

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

246.5
240.3
6.3

164.5
163.8
.6

185.5
181.6
4.0

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

205.0
200.4
4.6

Nondurable goods
Final sales
Change in business inventories-.

299.8
297.3
2.5

320.1
319.3
.8

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

344.8
344.3
.5

229.4
227.3
2.0

238.1
237.5
.6

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

246.3
245.9
.4

Services..-.

443.9

482.3

456.3

467.3

477.3

487.3

497.3

507.1

278.4

291.1

282.3

285.2

289.3

293.2

296.7

297.1

Structures.

111.0

127.0

117.0

124.2

125.0

126.3

132.5

69.5

74.7

71.8

74.3

74.0

74.1

76.5

79.0

139.5

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national pro duct Private
Business
Nonfarm _
Farm
Households and institutionsRest of the world
General government

741.7

789.5

754.5

766.5

783.9

796.1

811.6

827.3

681.0

728.1

693.7

705.6

723.0

734.5

749.4

764.6

658.5
633.0
25.5

704.8
681.5
23.4

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

741.4
717.4

40.8

16.9

17.9

17.1

17.4

17.7

18.2

18.2

7.8

6.4

5.6

5.5

6.8

5.4

5.2

5.6

5.7

140.2

145.3

60.7

61.4

60.8

60.9

60.9

61.6

62.1

1,050.4 1,151.8 1,078.1 1,109.1 1,139.4 1,164.0 1,194.9 1,237.9
925.6 1,015.7

950.2

976.6 1,005.0 1,026.6 1,054.7 1,092.6

884.7
853.9
30.9

970.6
937.1
33.4

906.6
874.5
32.1

933.7
901.8
31.9

960.8
928.2
32.6

33.9

37.8

35.1

36.0

37.3

38.6

39.4

6.9

7.3

8.5

6.8

6.9

7.6

124.8

136.1

127.9

132.5

134.4

137.4

HISTORICAL

980.4 1,007. 4 1, 045. 3
947.4 971.2 1,005.6
33.0
36.3
39.8

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.



24.0
18.7
4.5
62.7

CURRENT BUSINESS STATISTICS

J.HE STATISTICS here update series published in the 1971 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
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.

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

|

1970

1971 | 1972

I

II

Annual total

1972

1971

1

III

IV

I

II

|

I I I | IV

I

II

1973

|m

IV

I

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
bil.$_

976.4

958.0

971.7

986.3

989.7

1,023.4

1,043.0

1,056.9

1,078.1

1,109.1

1,139.4

Personal consumption expenditures, total

do...

616.8

664.9

721.0

604.1

613.4

623.0

626.5

648.0

660.4

670.7

680.5

696.1

713.4

728.6

745.7

' 773.6

Durable goods, total 9
Automobiles and parts
,.
,
Furniture and household equipment
Nondurable goods, total?
Clothing and shoes
Food and beverages
Gasoline and oil

do__.
do
do...
do..
do_.
do_.
do..

90.5
37.3
39.0

103.5
46.7
42.0

116.1
52.8
47.6

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

' 130.4
'60.1
'53.0

264.4
52.0
132.1
22.2

278.1
56.9
136.4
23.5

299.5
62.0
144.7
25.2

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
148.5
26.3

' 322.6
'68.3
' 154.3
'27.1

Services, total 9
Household operation
Housing
Transportation

do..
do_.
do..
do..

261.8
36.3
90.9
18.2

283.3
39.5
99.2
19.9

305.4
43.3
107.2
21.7

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

' 320.6
'45.7
112.4
23.0

Gross national product, totalf

,

.

Gross private domestic investment, total

1,050.4 1,151.8

1,164.0 1,194.9 "1,237.9

do

137.1

152.0

180.4

132.9

137.7

139.9

137.8

143.9

153.0

152.2

158.8

168.1

177.0

183.2

193.4

' 199.7

do
do
do
do
do
do
do
do

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

174.5
120.6
42.2
78.3
54.0
53.2
5.9
5.6

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
57.0
56.1
10.3
10.1

'192.9
'133.5
'46.7
'86.8
'59.4
'58.4
'6.8
'6.5

do
do
do

3.6
62.9
59.3

.7
66.1
65.4

-4.2
73.7
77.9

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

' -2.2
'87.6

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

219.0
96.5
75.1
122.5

232.8
97.8
71.4
135.0

254.6
105.8
75.9
148.8

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

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

266.8
106.6
75.0
160.1

1,046.7 1,145.9
491.8
536.6
194.6
217.3
297.3
319.3
443.9
482.3
111.0
127.0

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

1,018.5
482.2
189.6
292.6
431.3
105.0

1,036.4
485.8
191.0
294.8
441.1
109.5

1,055.6
496.2
197.7
298.5
446.7
112.7

1,076.4
503.1
200.1
303.0
456.3
117.0

1,108.6
517.2
208.8
308.4
467.3
124.2

1,134.4
532.1
214.6
317.5
477.3
125.0

1,156.0 1,184.6
554.8
542.4
225.1
220.7
329.7
321.7
497.3
487.3
132.5
126.3

1,231.0
584.5
240.3
344.3
507.1
139.5
'6.8
6.3
'.5

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

By major type of productrf
Final
" ' sales,
'
total
total.

Goods, total
Durable goods
Nondurable goods
Services
Structures

„

Change in business inventories
Durable goods
Nondurable goods

do..
do_.
do_.
do_.
do..
do..

971.5
467.0
183.0
284.0
409.2
95.4

do_
do..
do_

4.9
1.9
3.0

3.6
1.1
2.5

5.9
5.2
.8

1.5
1.0
.5

6.3
1.6
4.7

6.2
6.0
.2

5.7
-.9
6.6

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

5.0
3.0
2.1

8.0
5.4
2.6

10.3
11.9
-1.6

722.1

741.7

789.5

720.4

723.2

726.8

718.0

731.9

737.9

742.5

754.5

766.5

783.9

796.1

811.6

827.3

GNP in constant (1958) dollarsf

Gross national product, totalf
Personal consumption expenditures, total
Durable goods
Nondurable goods
Services
Gross private domestic investment, total

bil. $ . .
do

477.0

495.4

524.6

474.1

476.9

480.2

476.5

488.2

493.0

497.4

503.2

511.0

520.9

528.7

537.8

550.3

do..
do_
do.

83.1
207.0
186.8

92.1
211.1
192.2

102.8
220.5
201.3

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

115.4
228.8
206.2

do

104.0

108.6

124.0

102.0

105.6

106.2

102.2

105.0

110.0

107.3

112.0

116.6

122.0

125.5

132.0

134.1

Fixed investment
Nonresidential
_
Residential structures
Change in business inventories

do
do
do
do

99.9
77.6
22.3
4.1

105.9
76.8
29.1
2.6

119.4
84.4
35.0
4.6

101.0
78.8
22.2
.9

100.0
78.9
21.1
5.6

101.3
79.3
22.0
4.9

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

129.1
'91.7
'37.4

Net exports of goods and services

do

2.2

.1

—1.9

2.0

2.9

1.9

2.7

.1

-1.8

-3.3

—2.8

-.7

-.9

Govt. purchases of goods and services, total, .do
137.6
139.0
142.8
142.4
138.6
Federal
>_
do..
60.8
64.7
61.6
69.0
64.8
State and local
^do_.
76.8
74.3
81.3
73.5
73.8
' Revised.
» Preliminary.
t Revised series. Estimates of national income and product and personal income have been revised back to 1969 (see p. 16ff.of July 1972 SURVEY);
revisions prior to May 1971 for personal income appear on pp. 25-26 of the July 1972

137.5
62.9
74.6

137.3
62.1
75.1

136.1
60.2
75.9

137.6
61.0
76.7

141.1
62.3
78.8

142.2
62.8
79.4

143.9
63.7
80.3

142.6
60.8
81.8

142.7
59.0
83.6

1.9

-.7
135.7
59.7
76.0

9 Includes data not shown separately.

SURVEY.




S-l

' 4.9
'0

142.9
'58.0
'84.9

SURVEY OF CURRENT

S-2
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown in
the 1971 edition of BUSINESS STATISTICS

1970

1971

1970

! 1972
II

Annual total

May 1973

III

1971
IV

I

II

1972
III

IV

I

II

1973
III

IV

I

II

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, totalf
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

798.6

855.7

935.6

796.7

806.3

804.1

834.5

851.4

860.8

876.2

903.1

do.

603.8

644.1

705. 3

600.7

609.0

611.2

628.6

639.6

648.0

660.4

682.7

do..
do..
do.
do..
do..
do..
do..
do_.
_do..

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

626.5
491.9
20.6
114.0
78.8
75.2
55.6
19.6
25.6

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

69.9

78.6

88.2

71.5

72.0

66.9

76.6

80.1

78.3

79.4

81.8

86.1

95.6

P99.0

14.5
55.4
27.7
16.7
11.0

16.7
61.9
30.9
16.8
14.1

17.9
70.3
37.9
19.0
18.9

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

18.3
71.3
37.9
19.5
18.4

19.3
76.3
41.3
21.3
19.9

p 19.9
v 79.1

7.6
20.1

8.2
22.9

9.0
23.4

7.4
20.1

7.8
20.3

7.2
20.9

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

9.9
25.1

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

94.3
41.3
53.0
28.4
26.6
—6.0
41.3

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
35.3
48.0
25.2
22.7
-3.9
39.7

88.2
38.8
49.5
26.0
23.5
-6.5
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

101.5
44.3
57.2
26.7
30.5
—5.9
42.5

806.3
116.7
689. 5
634.7
54.9

861.4
117.0
744.4
683.4
60.9

935. 9
140.8
795.1
740.2
54.8

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

141.1
798. 8
748.0
50.8

974.6
146.4
828. 2
765.5
62.8

79.71
31.95
15.80
16.15

81.21
29. 99
14.15
15.84

88.44
31.35
15.64
15.72

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

21.86
7.74
3.86
3.87

25.20
9.38
4.77
4.61

121. 56
7.90
3.91
3.99

25. 27
9.33
4.69
4.64

47.76

51.22
2.16
1.67
1.88
1.38
15.30
12. 86
2.44
10.77
18.05

57.09

12.18
.47
.47
.80
.31
3.28
2.59
.69
2.59
126

12.27

12.99

3.58
2.79
.78
2.56
4.16

3.74
3.12
.63
2.81
4.42

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

.72
2.84
4.97

15.83
.63
.47
.63
.40
4.74
4.01
.73
3.39
5.57

13.66
.61
.45
.54
.35
3.93
3.45
.48

15.94

.50
.43
.76
.33

10.99
.49
.34
.34
.28
3.11
2.70
.41
2.50
3.94

14.12

.46
.46
.74
.30

2 7.77

2 8.89

do
do
do
do

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

87.67
30.98
15.67
15.31

91.94
33.64
16.86
16.78

i 96.74
35.98
17.88
18.10

100.13
37.13
18. 70
18.43

do.
do.
do.
do.
do_
do
do.
do.
do.
do.

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

48.86
2.04
1.46
1.29
1.33
14.64
12.16
2.48
10.70
17.39

51.50
2. OS
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
11.71
20.10

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
17.01
14.62
2.38
11.56
20.16

58.30

60.75
2.54
2.08
2.12
1.66
18.36
15.43
2.93

63.00

1.94
1.56
3.08
1.22
13.68
11.20
2.48
10.20
15.97

15,762
10,565

15,932
10,705

15,805
10,462

15,767
9,583

17,626
11,659

17,436
11,561

441

329

436

16,434
10,872
510

16,770 17,181
10, 805 11,527

1,478

66,150 ' 73,546
42, 787 ' 48,840
1,922 p 1,166

11,426
8,004

12, 898 > 13,792
8,543 p 9,749

2,779
1,977

2,863
2,035

2,850
2,057

2, 937
2,116

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 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:
All industries.
bil. $..
Manufacturing
...do
Durable goods industries 1
do
Nondurable goods industries t
do
Nonmanufacturing
Mining
Railroad
A ir 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 f
Nondurable goods industries 1
Nonmanufacturing
Mining
Railroad
Air transportation
0ther transportation
Public utilities
.
Electric.
Gas and other
Communication
Ccmmercial and other

.do
do
do
do
do
do
do
do
do
do

BALANCE OF INTERNATIONAL
PAYMENTSc?
Quarterly Data Are Seasonally Adjusted
(Credits + ; debits - )
Exports of goods and services (excl. transfers under
military grants)
mil. $..
Merchandise, adjusted, excl. military
do
Transfers under U.S. military agency sales contracts
mil. $..
Receipts of income on U.S. investments
abroad
mil. $..
Other services
do

1.89
1.78
3.03
1.23
13.14
10.65
2.49
10.10
16.59

2.42
1.80
2.46
1.46
17.00
14.48
2.52
11.89
20.07

922.1

943.0

974.2 "1,007.1

710.2

730.3

' 757.0

630.6
494.8
20.4
115.4
79.6
75.3
56.2
19.1
26.2

648.8
510.0
20.6
118.1
81.5
79.0
57.4
21.6
26.9

' 668.1
' 524.6
21.8
121.6
88.9
81.2
58.7
22.5
26.5

.38
.61
.35
4.39
3.67

2.46
1.71
2.33
1.42
17.53
14.67
2.86
12.63
20. 21

p113.1
J>50.8
P62.3
f
27.3
P35.0
-14.1
43.4

r

993.9

143.5
' 850.4
793.9
'56.5

.67
.45
.74
.44
4.74
4.02
.72

2.62
1.79
2.94
1.70
18.56
15.95
2.61

2 33.98 2 35.38

U.S.

Imports of goods and services
do
Merchandise, adjusted, excl. military
do . . .
Direct defense expenditures
do
Payments of income on foreign investments in the
U.S
....mil. $..
Other services
do

62,870
41, 963

-59,307
-39, 799
-4,852

-65,400 '-77,765 -14,795 -14,943 -15.093
-45,453 '-55,656 -9,831 - 9 , 968 -10.261'
-4,816 ' - 4 , 7 0 7 -1,259 -1,210 -1,203

-5,167
-9,491

-4,903 ' - 5 , 8 9 1 - 1 , 322 -1,284
-10,227 •-11,513 -2,383 -2,481

516
3,297
2,152

3,015
2,165

423

334

281

3,651
2,110

3,266
2,367

3,205
2,389

18,471 v 20,014
12, 380 v 13,240 '15,343
251
3,424 P3,898
2,416 v 2,577

-16,612 -17,005 -16,344 -18,929 -18,836 -19,335 '-20,67'
10,727 -11,635 -11,914 -11,117 -13,490 -13.338 13,901 p-14,92 p-16,261
1,175 -1,214 -1,198 -1,230 -1,218 -1,239 -1,101 p-1,149

-1,217 -1,139 -1,106 -1,304 -1,356 -1,387 -1,417 -1,503
-2,404 -2, 402 -2,597 -2,589 -2,641 -2,831 -2,812 - 2 , 826
967
712
Balance on goods and services, t o t a l . . .
do . . .
3,563
750 |*-4,21S
992
158
176 I -577 -1,303 -1,400
-864 *>-656 * -350
734
737
193
145 ' -890 -387 '-1,534 -1,831 -1,777 -1,525 »—1,68b P - 9 1 8
Merchandise, adjusted, excl. military
do
2,164 -2,666 ! p -6,816
r
Revised.
p Preliminary.
i Estimates (corrected for systematic biases) for Jan.consumers, and personal transfer payments to foreigners.
Mar. and Apr.-June 1973 based on expected capital expenditures of business.
Expected
§ Personal saving is excess of disposable income over personal outlays.
2
expenditures for the year 1973 appear on p. 21 of the Mar. 1973 SURVEY.
Includes com1[Data for individual durable and nondurable goods industries components appaar in the
Digitized munication.
for FRASER tSee corresponding note on p. S-l.
9 Includes inventory valuation adjustMar.. June, Sept., and Dec. issue? of the SURVEY.
cfMore complete details appear in the
ment.
©
Personal
outlays
comprise
personal
consumption
expenditures,
interest
paid
by
quarterly
reviews in the Mar., June, Sept., and Dec. issues of the SURVEY.
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis