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VIHonthiL

BUSINESS STATISTICS

X 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 January 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
February-

March

April

May

June

July

1950

August

September

October

November

December

Annual
total

January

GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates:
National income total
bil. nf dnl
Compensation of employees, total
do
Wages and salaries total
do
do
Private
do
Military
Government civilian
do
Supplements to wages and salaries
do
Proprietors' and rental income, totals do
do
Business and professional c?
Farm
do

224.7
141.9
136.5
116.1
4.1
16.3
5.4
47.1
24.1
16.4
6.7

220.7
141.1
135.6
114.4
4.2
16.9
5 5
43.1
24.0
12.6
6.6

31.6
29.4
11.5
17.9
2.2
4.1

30.7
26.4
10.6
15.8
4.3
4.2

Gross national product, total
_do___.
Personal consumption expenditures, tota 1 do
do
do
Services
do
do
New construction
do
do
Producers' durable equipment
Chansfp in businpss inventories
do
rin
Government purchases of goods and services,
total
bil nf c\ri\
Federal (less Government sales)
do
State and local
do

* 221 5
141.1
135.6
114 6
4.2
16 8
5.5
44 8
24.0
14 1
6.7

32.3
28.9
11.4
17.5
3.3
4.2

.7
4.3

l 31 4
128.8
i 11.4
1
17 3
2.6
4.2

257.9
179.3
23.6
99.8
55.9
33.2
16.4
20.0
-3.2
1.2

254.6
179.7
25.7
97.6
56.5
32.1
17.4
19.6
-5.0
-.3

255. 2
179.8
25.2
97 7
56.9
33.7
18.7
18.7
-3.7
-2.0

257.4
179.4
24 4
98 9
56 1
34.7
17.3
19.7
-2.3
-.0

44.2
26.4
17.8

43.2
25.0
18.2

43.7
25.0
18.8

43.4
25.4
18.0

212.0
18.6
193.4
14.8

Corporate profits and inventory valuation adinstmpnt total
bil n^ Hr»l
Corporate profits before tax total
do
Corporate profits tax liability
do
Corporate profits after tax
do
Tnvpntorv valuation adiustment
do
Net interest
do

140.9
135.3
113.5
4.5
17.3
5.6
43.7
24.0
12.9
6.8

42.3
25.2
17.1

c\n

Tfpntfil income of Dersons

220.8
140.8
135.4
114.7
4.1
16.6
5.5
45.1
24.1
14.3
6.7

210.0
18.6
191.4
12.1

208.2
18.6
189.5
9.8

209.3
18.6
190.7
10.8

209 8
18.6
191.2
11.8

262.0 178.7
23.0
100 4
55.3
40 0
16.8
20.7
2.5
1.0

c\n

Less: Personal tax and nontax payments.__do
Equals* Disposable personal income
dn
Hn
Personal savins^
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:
Total personal income
bil. of dol
do
Wage and salary receipts, total
Employer disbursements, total.do
Commodity-producing industries
do
Distributive industries
do
Service industries
..do—
_do
Government
__
Less employee contributions for socia 1 insurance
bil. of dol__
do
Other labor income
Proprietors' and rental income
do
Personal interest income and dividends
Total transfer payments _ _ __
do _

do _ _

Total n onagri cultural income

211.3
134.0
136. 3
59.4
39.5
17.0
20.4

210.2
132.3
134.6
57.4
39.4
17.3
20.5

210.5
133.9
136.0
57.4
40.7
17.3
20.6

210.2
133. 7
135. 9
57.0
40.9
17.4
20.6

209.4
132. 9
135.2
56.7
40.3
17.3
20.9

207.2
133.0
135.2
56.4
40.5
17.1
21.2

209.1
133.4
135.6
56.9
40.5
17.1
21.1

208.3
133.7
135.9
57.1
40.5
17.1
21.2

207.0
132.7
134.9
55.5
40.2
17.5
21.7

209.4
132.5
134.7
56.0
39.5
17.4
21.8

'211.9
* 134.4
' 136.6
57.4
r
39.9
17.4
21.9

209.8
133.5
135.7
57.3
40.2
17.2
21.0

218.4
134.1
136.9
57.4
40.2
17.5
21.8

2.3
2.1
46.6
17.0
11.6

2.1
2.1
46.2
17.0
12.6

2.2
2.1
45.0
17.1
12.4

2.3
2.1
45.2
17.0
12.2

2.2
2.1
45.1
17.0
12.3

2.2
2.1
42.8
16.9
12.4

2.2
2.1
43.9
17.1
12.6

2.2
2.1
42.7
17.2
12.6

2.2
2.1
42.9
17.3
12.0

2.2
2.2
44.9
17.4
12.4

2.2
2.2
'43.5
'18.9
'12.8

2.2
2.1
44.8
17.3
12.2

2.8
2.2
46.2
17.4
18.5

191.0

190.5

191.8

191.4

190.5

190.2

191.4

192.2

190.3

191.3

' 194. 5

191.4

199.5

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—.

4,460
1,850
190
360
130
680
1,260

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

4,360
1,690
180
310
130
790
1,260

2 4, 430
21, 710
2 170
2
290
2 110
2
900
21, 250

3
3

3

4, 478
1, 783
3
183
4
335
3 128
3
790
1, 260

r

1
Revised.
Data for estimating fourth-quarter corporate profits are not yet available. To arrive at national income and corporate profits for the year, corporate profits for the fourth
quarter were obtained arbitrarily by averaging the results derived by holding constant (first) third-quarter corporate profits before tax and (second) third-quarter corporate profits and inven2
tory valuation adjustment. Annual totals calculated on this basis are believed to be sufficiently accurate for general purposes.
Estimates based on anticipated capital expenditures of
3
business.
Quarterly average.
cflncludes inventory valuation adjustment.
§Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.




S-l


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102