Full text of The National Income and Product Account : Second Quarter 1949

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BUSINESS STATISTICS
JL HE DATA here are a continuation of the statistics published in the 1949 Statistical Supplement to the SURVEY OF CURRENT BUSINESS.
That volume contains monthly data for the years 1945 to 1948, 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 1945. Series added or revised since publication of the
1949 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 and dollar values 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
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey

1949

1948

October

August

November

December

January

February

March

April

May

July

June

August

GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates:
National income, total
__ bil. of dol ..
Compensation of employees, total
do
Wages and salaries, total
_ __ _
do
Private
do
Military
do
Government civilian _ _ _
do
Supplements to wages and salaries
do
Proprietors' and rental income, totalV __do. _
Business and professional^
do
Farm
__ _ do ___
Rental income of 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
In ventorv valuation adjustment _
do _ _ _
Net interest
do

230.4
143. 3
i38.3
118.6
3.9
15.7
5.0
49.9
24.5
18.8
6.6

234.3
144.9
139.8
119.6
4.1
16.1
5.0
49.7
24.5
18.5
6.7

*• 226. 3
142 5
137.5
117.2
5.0

5.1

47.8
24 0
17.1
6 7

46.7
24.1
15.9
6 7

33.3
36.6
14.4
22.2
-3.3
3.9

35.7
34.5
13.6
20.9
1.2
4.1

'31.8
»-29. 4
' 11.5
f 17 9

31.1
26 4
10.6
15 8

2.3
4.2

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 (less Government sales)
do
State and local
do

266.5
180.3
24.8
101.8
53.7
47.1
18.7
21.0
7.4
— .1

270.3
180.9
22.9
103.3
54.8
48.0
17.9
21.2
9.0
1.0

262.5
177.9
22 5
99.9
55 4
41.9
16 8
21.0
41

256.1
178.2
23 6
98.7
55 9
34.0
16 5
20.3
—2 8

.6

.8

39.2
22.8
16.4

40.3
23.4
16.9

42 1
25 1
17 0

43 1
25.4
17 7

Personal income, total
do
Less: Personal tax and nontax payments. __do

215.4
20.2
195.2
15.0

216.6
20.4
196.2
15.3

213 7
18.7
195 0
17.1

212 9
18.7
194 2
16.0

Equals' Disposable personal income

do

Personal saving §

do ___

223.7
141 7
136.6
116.0
40
16.5

4.1

16.2

*

4 3

PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:
Total personal income
_ . _. bil. of dol
Wage and salary receipts, total _ _
do
Employer disbursements, total

do

Commodity-producing industries
Distributive industries
Service industries _

do
do
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. _do
Total transfer payments
.do _
Total nonagricultural income

do ___

215.4
136. 5
138.7
61.9
40.2
16.9
19 7

216. 3
137.7
139.9
62.8
40.4
16.7
20.0

216.3
138.1
140.3
62.7
40.4
16.9
20 3

216.6
137.5
139 7
62.7
39.8
16 9
20 3

217.0
137.1
139.4
62.3
40.0
16.9
20 2

215.7
1316
138 9
61.4
40 2
17 0
20 3

212.9
135 0
137 3
60.6
39 5
16 9
20 3

212.4
133 5
135 8
58.9
39 4
17 1
20 4

212.5
134 7
136 8
58.6
40 5
17 1
20 6

213.1
135.0
137 2
58.3
41 1
17 3
20 5

"•211.9
'
133. 9
r
136 2
••58.1
r
40 3
17 1

2.2
2.0
49.5
16.3
11.1

2.2
2.0
49.4
16.5
10.7

2.2
2.0
49.0
16.8
10.4

2 2
2.0
49 8
16.9
10.4

2 3
2.0
50.3
16.9
10.7

2 3
2.0
49 0
17.0
11.1

2 3
2.1
47 2
17.1
11 5

23
21
47 3
17.1
12 4

21
21
46 3
17.2
12 2

2 2
21
46 7
17.3
12 0

23
22

192.0

193.3

192.9

192.8

193.6

192.6

191.7

191.4

192.3

192 6

r

r 20 7

r 46 5

>-17. 2
12 1
r

191. 5

r 20 9

211.5
134 5
136 7
58.0
40 6
17 2
20 9

2 2
21
r 44 2
' 17.1
12 1

2 2
2 2
45 5
17.0
12 3

191 2

192 1

209.7
r 134. 2

r

136 4
r
57.8
MO
5
r
17 2

NEW PLANT AND EQUIPMENT
EXPENDITURES
All industries, quarterly total
Manufacturing
Mining
Railroad
Other transportation
_
Electric and gas utilities
Commercial and miscellaneous

mil. of dol
do ___
_ do
do_
_ do
__ _do
do

4,830
2,090
200
320
170
690
1,360

5,410
2,320
220
410
170
850
1,440

4 460
1, 850
190
360
130
680

1,260

r

4 660
1, 880
r
190
r
380
140
r
780
r
1, 290
r

«• Revised.
11ncludes inventory valuation adjustment.
§ Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.
857500—49

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