View PDF

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

SUKVEY OF CURRENT BUSINESS

June 1973

NATIONAL INCOME AND PRODUCT TABLES
1971
1971

1972

IV

1972

I

II

1971

1973

III

IV

I

1971

1972

IV

I

Seasonally adjusted at annual rates

1973

1972

II

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 (' L.I, 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

Durable goods
Nondurable goods
Services

Nonresidential
Structures..
Producers'durable equipment
Eesidential structures
Nonfarm
. . .
Farm

_
. . .

Change in business inventories
Nonfarm
Farm...
.-

754.5

766.5

783.9

796.1

811.6

827.3

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

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
105.8
38.4
67.4

Gross private domestic investment
Fixed investment

789.5

721.0

103.5
278.1
283.3

_

741.7

664.9

Gross national product
Personal consumption expenditures

180.4
174.5

158.8
157.2

183.2
175.2
120.7
41.8
79.0

76.8
22.8
54.0

124.0
119.4
84.4
22.9
61.4

112.0
111.3
79.2
22.2
57.0

116.6
116.3

126.1
43.7
82.3

199.7
192.9
133.5
46.7
86.8

108.6
105.9

109.8
38.8
71.0

177.0
172.0
119.2
42.0
77.2

193.4
183.1

120.6
42.2
78.3

168.1
167.7
116.1
41.3
74.8

82.2
23.0
59.2

122.0
118.0
83.6
23.0
60.6

125.5
119.3
84.2
22.6
61.6

132.0
124.0
87.6
23.1
64.4

134.1
129.1
91.7
24.1
67.6

42.6
42.0
.6

54.0
53.2
.7
5.9
5.6

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

1.7
.8

.4
.1

5.0
4.3

10.3
10.1

6.8
6.5

2.6
1.6

4.6
4.3

.7
-.1

.3
—.1

3.9
3.4

6.2
6.2

.3

.7

54.4
53.7
.8
8.0
7.9
.1

.2

.3

1.1

.3

.3

.5

.1

8.0
7.8

4.9
4.8

-3.4

-3.5

-2.2

.1

-1.9

-1.8

-3.3

-2.8

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
57.0

3.6
2.4
1.2

.3

.9

.8

.2

.2

.7

Federal
National defense
Other
State and local

-4.6

63.0
65.1

70.7
75.3

70.0
75.2

74 4
77.8

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

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

Government purchases of goods and services

-2.1

73.7
77.9

97.8
71.4
26.3

Exports
Imports

-4.2

66.1
65.4

Net exports of goods and services

-5.2

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. S

-.7

-.9

.0

57.2
57.9

60.3
61.1

63.9
63.9

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
1,050.4 1,151.8 1,078.1 1,109.1 1,139.4 1,164.0 1,194.9 1,237.9

Gross national product
Final sales.
Change in business inventories.
Goods output.

741.7

789.5

754.5

766.5

783.9

796.1.

811.6

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
5.0
8.0
.4
5.9
1.7
10.3
6.8
542.6
565.1
495.5
537.1 550.4
504.8
517.6
591.3

739.1
2.6

784.9
4.6

766.3
.3

780.0
3.9

789.8
6.2

803.6
8.0

393.8

423.7

753.8
.7
400.4

407.0

420.7

428.7

438.3

406.8
.3

416.7
3.9

185.5
181.6
4.0

399.7
.7
167.4
169.5
-2.1

422.5
6.2

175.0
174.8
.3

181.4
179.1
2.3

187.9
183.8
4.1

430.3
8.0
197.8
188.6
9.2

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

507.1

278.4

291.1

282.3

285.2

289.3

293.2

296.7

139.5

69.5

74.7

71.8

74.3

74.0

74.1

76.5

Final sales
Change in business inventories.
Durable 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

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

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

Services

443.9

482.3

456.3

467.3

477.3

487.3

497.3

Structures..

111.0

127.0

117.0

124.2

125.0

126.3

132.5

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 1,078.1 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

681.0

728.1

693.7

705.6

723.0

796.1
734.5

811.6
749.4

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
18.2

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

40.8

16.9

17.9

17.1

17.4

17.7

18.2

6.9

7.3

8.5

6.8

6.9

7.6

7.8

8.2

5.6

5.5

6.8

5.4

5.2

5.6

5.7

124.8

136.1

127.9

132.5

134.4

137.4

140.2

145.3

60.7

61.4

60.8

60.9

60.9

61.6

62.1

980.4 1,007.4 1, 043. 5
947.4
971.2 1,003.8
33.0
39.8
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

JLHE 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.

1971

1970
the 1971 edition of B U S I N E S S S T A T I S T I C S

1970

1972

Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown in

I

II

1971

III

IV

Annual total

I

II

1972

III

| IV

II

I

1973

| III

IV

I

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
1,023.4 1,043.0 1,056.9 1,078.1 1,109.1 1,139.4 1,164.0 1,194. 9 1,237.9

bil.$

Services, total 9
Household operation
Housing
Transportation

971.7

986.3

989.7

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

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

318.6
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

do_.
do_.
do_.
do_.

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

958.0

616.8

do
do
do
do
do
do
do

Personal consumption expenditures, total

976.4 1,050.4 1,151.8

do

Gross national product, totalf

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

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

66*. 1
65.4

-4.2
73.7
77.9

3.6
61.5
57.9

3.9
€3.0
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

By major type of products
Final sales, total
Goods, total
Durable goods
Nondurable goods
Services
Structures

do
do
do
do
do
do

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

1,145.9
536.6
217.3
319.3
482.3
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

1,156.0 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

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

6.8
6.3
.5

722.1

741.7

789.5

720.4

723.2

726.8

718.0

731.9

737.9

742.5

754.5
503.2

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

Change in business inventories
Durable goods
Nondurable goods

1,018.5 1,036.4 1,055.6 1,076.4 1,108.6 1,134.4
517.2
503.1
532.1
496.2
482.2
485.8
208.8
200.1
214.6
197.7
189.6
191.0
308.4
303.0
317.5
298.5
292.6
294.8
467.3
456.3
477.3
446.7
431.3
441.1
124.2
117.0
125.0
112.7
105.0
109.5
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

766.5

783.9

796.1

811.6

827.3

511.0

520.9

528.7

537.8

550.3

GNP in constant (1958) dollarsf
Gross national product, totalf

.bil. $._

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

do

477.0

495.4

524.6

474.1

476.9

480.2

476.5

488.2

493.0

497.4

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
129.1
91.7
37.4

.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

do

2.2

.1

1.9

1.9

2.0

2.9

1.9

2.7

-.7

.1

-1.8

-3.3

—2.8

-.7

-.9

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

Govt. purchases of goods and services, total, .do
Federal
do
State and local
__
do

139.0
137.6
142.8
142.4
138.6
64.7
60.8
61.6
69.0
64.8
74.3
76.8
81.3
73.5
73.8
r
Revised.
* Preliminary.
f 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

137.6
137.5
137.3
136.1
135.7
61.0
60.2
62.9
62.1
59.7
75.9
76.7
74.6
75.1
76.0
9 Includes data not shown separately.

SURVEY.


http://fraser.stlouisfed.org/
505-3R5 O - of R1
Federal Reserve Bank 73 - St. Louis

S-l

4.9
0

142.9
58.0
84.9

SURVEY OF CURRENT BUSINESS

S-2
1970

Unless otherwise stated i n footnotes below, data
through 1970 a n d descriptive notes a r e a s s h o w n in
t h e 1971 edition of B U S I N E S S S T A T I S T I C S

1971

Annual total

1971

1970

1972

June 1973

IV

III

I

II

1972
III

IV

I

II

1973
III

IV

I

II

III

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT—Con.
Quarterly Data Seasonally Adjusted at Annual

Rates
851.4

860.8

876.2

903.1

922.1

943.0

974.2

•1,008.3

639.6

648.0

660.4

682.7

697.8

710.2

730.3

757.0

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

630.6
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

66.9

76.6

80.1

78.3

79.4

81.8

86.1

89.6

95.6

" 100. 2

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

19.9
"80.3
46.2
21.3
25.0

9.0
23.4

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

25.1

9.2
24.9

83.3
37.3
45.9
25.4
20.5
-4.7
38.5

94.3
41.3
53.0
26.4
26.6
-6.0
41.3

76.6
35.4
41.2
24.0
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

" 114.3
"50.6
"63.7
27.3
••36.4
-14.1
43.4

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

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
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

993.9
143.5
850.4
793.9
56.5

79.71
31.95
15.80
16.15

81.21
29.99
14.15
15.84

88.44
31.35
15.64
15.72

20.26
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

• 21. 50
'7.80
'3.92
'3.88

47.76

51.22
2.16
1.67
1.88
1.38
15.30
12.86
2.44
10.77
18.05

57.09
2.42
1.80
2.46
1.46

12.27

14.12

15.83

• 13.69

15. 65

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

.59
.38
.61
.35

".68
".46
".68
".42

4.39
3.67
.72
2.84
4.97

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

'.63
".46
'.52
".32

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

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

3.58
2.79
.78
2.56
4.16

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

13.06
.54
.47
.60
.36

17.00
14.48
2.52
11.89
20.07

12.99
.50
.43
.76
.33
3.74
3.12
.63
2.81
4.42

"3.95
3.45
".50
2.87
"4.94

"4.75
"4.00
".74

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

49.73

47.66
1.94
1.56
3.08
1.22

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

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
2.46
1.71
2.33
1.42

798.6

855.7

935.6

806.3

804.1

Compensation of employees, total f

do

603.8

644.1

705.3

609.0

611.2

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

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

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

69.9

78.6

88.2

72.0

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

7.6
20.1

8.2
22.9

74.3
34.1
40.2
24.8
15.4
-4.4
34.8

National income, totalf

bil. $..

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 1
do
Nonmanufacturing
Mining.
Railroad
Air transportation
Other transportation
Public utilities
Electric.
Gas and other.
Communication
Commercial and other

.do
do
...do
.do
do
.do
...do
do
do
do

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
Electric
Gas and other
Communication
Commercial and other

834.5

1.89
1.78
3.03
1.23
13.14
10.65
2.49
10.10
16.59

do
do
do
do
.do
do....
do
.do
.do
do
do....
do.. .
do
do

.46
.46
.74
.30

1.86
1.96
3.24
1.22
13.84
11.34
2.50
10.62
17.00

13.68
11.20
2.48
10.20
15.97

14.91
12.61
2.30
11.21
17.72

.59
.45
.56
.37

17.53
14.67
2.86
12.63
20.21

• 96.19
• 35. 51
17.88
• 17. 63
• 60. 68
'2.59
' 2.11
"2.21
"1.53
• 18. 38
• 15. 40
"2.98
12.34
• 21. 53

1 24. 93 1 25.32
"9.28
9.43
"4.78
4.83
"4.50
4.60
15.89
,

2

"2 8. 66

.71
.50
.46
.40
5.24
4.36
8. 57

98. 57 1101.80
38.01
37. 05
19.68
19.14
18.34
17. 91
63.79
" 61. 52
2.90
"2.68
2.05
"1.75
" 2.58
2.03
" 1.58
1.61
20.18
" 18. 68
17.22
' 15. 92
2.96
' 2.76
i
'
"
"

'2 34. 25

2

35. 03

U.S. BALANCE OF INTERNATIONAL
PAYMENTScf
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.
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
Balance on goods and services, total
Merchandise, adjusted, excl. m i l i t a r y

do
do

' 62,919
' 41,964
1,478
11,426
' 8,052
1

' 66,287 r 73,462 ' 15,975 '15,803 • 16,487 ' 16,781 ' 17,282 ' 15,739 ' 17,587 • 17,463 ' 18,491 ' 19,921 P 22,435
' 42,768 ' 48,769 ' 10,704 ' 10,457 • 10,872 r 10,791 ' 11,522 ' 9,583 ' 11,655 • 11,539 ' 12,362 ' 13,213 p 15,320
1,166

'347

'429

' 12,899 • 13,925
' 8,710 ' 9,601

2,863
' 2,061

2,850
' 2,067

' 1,912

'489

'419

'328

' 3,315
' 2,168

' 3,038
' 2,231

' 3,557
' 2,180

' 3,314
'2,290

'262
' 3,270
' 2,366

'287

' 3,476
' 2,391

' 3,86f
' 2,555

P 4,105
p 2,667

p-22,434
-19,430 -20,W
-59,289 • -65,480 r -78,071 -14,928 -15,099 -15,533 -16,650 -17,002 -16,299 -18,961
-39,788 -45,466 '-55,681 " -9,961 -10,269 -10,743 -11,708 -11,907 -11,108 -13,475 -13,313 -13,935 •-14,95* p-16,280
-4,852 ' -4,829 • -4,724 -1,210 -1,203 -1,175 -1,214 ' -1,204 ' -1,237 • -1,222 • -1,242 -1,108 '-1,151 p -1,167

-5,167
r -9,684
'3,630
' 2,176

' -4,927 -6,063 -1,284 -1,217 -1,160 -1,135 ' -1,293 ' -1,340 • -1,423
-10,258 '-11,604 • -2,473 ' -2,410 • -2,455 • -2,593 ' -2,598 ' -2,614 • -2,841
'131
'280
'-560 '-1,374
'704
'954
'807 ' - 4 , 6 0 9 ' - 1 , 0 4 7
'-917
' - 3 8 5 '-1,525 '-1,820
'129
' -2,698 ' -6,912
-2,698
' 743
188

" Revised.
v Preliminary.
i Estimates (corrected for systematic biases) for A p r . J u n e a n d J u l y - S e p t . 1973 based on expected capital expenditures of business. Expected
expenditures for the year 1973 appear on p . 11 of the J u n e 1973 S U R V E Y .
2 includes communication.
fSee
9 Includes inventory valuation adjust corresponding note on p . S-l.
ment,
e Personal outlays comprise personal consumption expenditures, interest paid b y



'507
< 2,989
•
' 2,128

• -1,479 • -1,526 ' - 1 , 6 3 ' p -1,858
304£ p -3,129
• -2,855 • -2,861
'-1,426
'-1,774

'-87C
'-939
' - 1 , 5 7 3 ' -1,745

pi
p-960

consumers, and personal transfer p a y m e n t s to foreigners.
§ Personal saving is excess of disposable income over personal outlays.
m
HData for individual durable and nondurable goods industries components appaar in t n e
Mar., June, Sept., and Dec. issues of the S U R V E Y .
d"More complete details appaar in t n e
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