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SURVEY OF CUREENT BUSINESS 10 July 1973 NATIONAL INCOME AND PRODUCT TABLES 1972 1971 1972 I II 1973 III IV I 1972 UP 1971 1972 I II Seasonally adjusted at annual rates 1973 III IV II v 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) Durable goods. . Nondurable goods Services . ._. .. ... . . Gross private domestic investment „. .. Fixed investment Nonresidential Structures -. Producers' durable equipment Residential structures Nonfarm Farm - -- - Change in business inventories. Nonfarm -Farm - --Net exports of goods and services Exports Imports ._ __ _ . Government purchases of goods and services Federal National defense ... Other State and local 745.4 790.7 768 0 785 6 796 7 812 3 829 3 834 6 667 2 726 5 700 2 719 2 734 1 752 6 779.4 795 1 496 3 526 8 512 5 523 4 531 0 540 5 552 7 553 8 103.6 278.7 284.9 117.4 299.9 309.2 111.5 288.8 300.0 115.1 297.9 306.2 120.2 302.3 311.6 122.9 310.7 319.0 132.2 322.2 325.0 133.1 329.8 332.2 92.2 211.6 192.4 104.0 220.9 201.8 99.2 215.0 198.2 101.9 220.7 200.8 105.8 222.2 202.9 109 2 225.8 205.4 117 0 228 8 207 0 116 6 228 1 209 0 153.2 178.3 167.5 174.7 181.5 189.4 194.5 199.2 110.3 122.9 116.5 121.0 124.8 129.1 130 2 131 0 147.1 172.3 165.8 169.2 172.9 181.2 189.9 194.0 105.0 118.3 115.4 116.7 118 2 122 8 126 9 127 1 104 4 37.9 66.5 118.2 41.7 76.5 114 0 41.0 73.1 116.3 41.5 74.9 118 3 41.3 77.0 124 3 43.0 81.2 130.9 45.3 85.5 134.4 47.2 87.3 76.1 22.5 53.6 83.7 23.0 60.8 81.5 23.0 58.4 82 5 23.0 59.5 83 4 22 7 60 7 87 5 23 1 64 3 91 2 23 g 67 4 91 8 24 3 67 5 42.7 42.2 52.8 52.3 54.5 53.9 59.5 59.0 29.0 28.6 34 6 34.2 34.0 33.6 34.2 33.9 34 7 34.3 35 3 35.0 35 6 35 3 35 3 35 0 6.6 6.6 .0 6.3 6.2 33 32 39 38 —.9 -.8 2 0 4 9 1,055 5 1, 155. 2 1,112 5 1, 142. 4 1,166 5 1, 199. 2 1, 242. 5 1,271.0 Gross national product Personal consumption expenditures - . - 54.0 53.5 51 8 51.2 .6 .6 .6 .6 6.1 4.5 1.6 6.0 5.6 .4 1.7 1.4 .4 5.5 4.8 .7 .8 -4.6 -5.7 -5.5 56.9 56.4 59.0 58.4 .6 .5 .6 8.7 8.4 .3 8.2 7.9 .3 -3.8 -3.5 .5 .4 4.6 4.4 .2 5.3 5.1 .1 5.3 3.8 1.4 .0 1.7 .4 -2.0 -3.7 .4 4.6 4.5 .1 .4 1.1 1.0 .1 .4 4.3 4.0 .3 -2.8 .4 .3 .1 4 .1 3 1 66.3 65.5 73.5 78.1 70.3 75.8 69.9 75.6 74.0 77.7 79.7 83.2 89.7 89.7 95.1 93.4 52.7 52.4 56.4 58.4 55.4 59.1 54.1 56.8 56.6 57.5 59.6 60.3 65.3 63 3 65.3 60 4 234 3 255.0 250 3 254.2 254 7 260 7 268 6 275 0 138.4 143 0 142.7 144 0 141 8 143 5 144 4 144 9 98.1 71.6 26.5 104.4 74.4 30.1 106.0 76.5 29.5 106.7 76.6 30.1 102.3 71.9 30.4 102.7 72.4 30.3 105.5 74.3 31.2 106.5 74.5 32.0 60.9 60.8 63.0 62.9 58.8 58.6 58.2 57 5 136.2 150.5 144.3 147.5 152.4 158.0 163.0 168.5 77.5 82.2 79.7 81.1 83.0 85.0 86.2 87.4 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 inventories 1, 055. 5 1, 155. 2 1, 112. 5 1, 142. 4 1, 166. 5 1,199 2 1, 242. 5 1, 271. 0 745.4 790.7 768.0 785.6 796.7 812.3 829.3 834. 1, 049. 4 1, 149. 1 1, 110. 8 1, 136. 9 1, 157. 8 1, 191. 0 1, 237. 8 1, 265. 8 8.2 5.3 6.1 5.5 4.6 6.0 1.7 8. 7 740.1 786.1 781.3 790.0 806.0 826.0 830. 4.6 766.9 1. 1 5.3 4.3 6.6 6.3 3.3 3. 497.1 541.4 516.9 536.4 548.6 563.6 589.6 605.2 396.1 423.9 407.3 421.5 428.4 438.4 452.1 455. Final sales Change in business inventories 491.1 535.4 515.2 531.0 555.4 599.9 390.8 406.2 417.2 432. 1 4.6 448 7 451. 1.1 4.3 421.7 1.7 5.5 585.0 419.3 6.0 539.9 6.1 3.3 3. Durable goods Final sales Change in business inventories 193.1 191.1 219.1 214.1 205.9 205.5 Nondurable goods Final sales . Change in business inventories 304.0 299.9 4. 1 322.3 321.2 1. 1 447.4 110.9 487.3 126.5 Goods output Services Structures 2.0 _ , 4.9 8.7 8.2 214.6 211.4 222.6 216.8 311.0 309.7 321.9 319.6 326.0 323.1 471.8 123.8 481.5 124.4 3.2 .4 1.3 2.3 5.3 6.6 6.3 180.4 177.7 186.2 181.8 196.3 188.0 203.4 200.3 209. 202. 241.1 239.5 1.6 2.2 242.1 244.1 —1.9 248.7 248.5 .8 242.2 240.0 .2 245. 248. —3. 286.8 73.9 290.3 73.8 294.5 73.8 298.8 75.1 300.6 76.7 302. 4.6 5.3 233.2 222.8 10.4 242.5 238.1 252.6 243.2 163.0 161.3 184. 1 180.2 173.5 173.2 2.9 330.3 332.5 —2.2 347.2 346.9 .3 352.7 356.7 —4. 1 233.1 229.5 239.8 239.1 233.8 233.0 491.8 126.2 503.9 131.7 514.8 138.1 525.4 140.4 280.1 69.1 292.6 74.2 5.8 4.4 9.3 1.7 3.6 3.9 .7 .3 2.7 4.4 8.2 3.2 6. 76. Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8) Gross national product Business Nonfarm Farm 1,055.5 1, 155. 2 1,112.5 1,142.4 1, 166. 5 1, 199. 2 1,242.5 1,271.0 745.4 790.7 768.0 785.6 796.7 812.3 829.3 834. 980.3 1, 008. 6 1, 030. 0 1, 060. 0 1, 098. 9 1, 125. 2 684.7 729.5 707.3 725.0 735.3 750.3 767.1 772., 984.9 1, 013. 6 1, 050. 5 1, 076. 2 951.0 976.9 1, 008. 9 1, 032. 9 43.3 36.7 41.6 33.9 662.2 636.3 26.0 706.6 682.0 24.6 684.7 659.2 25.6 702.6 677.4 25.2 712.3 688.7 23.6 726.8 702.5 24.2 742.9 718.1 24.8 748. 726. 17.2 17.4 17.5 17.4 5.5 6.2 18.0 6.3 18. 5. 61.3 21.7 39.7 62.0 21.7 40.3 62.2 21.6 40.6 62. 21. 41. S30.3 1,019.7 Private . . . . . . .. Households a n d institutions _ i Rest of the world General government Federal State and local _._ - . . . _ ._ 889.9 859.4 30.4 975.4 941.0 34.4 937.8 904.8 33.0 965.2 931.3 33.9 33.5 36.8 35.5 36.6 37.5 37.8 6.8 7.6 8.7 39.3 9. 1 125.1 47.6 77.6 135.4 50.3 85.1 132.2 50.5 81.7 133.8 50.0 83.8 136.5 50.2 86.4 139.2 50.5 88.7 143.5 52.5 91.1 7.0 7.5 7.0 40.5 16.8 17.4 8.5 5.6 5.5 5.4 5.0 145.8 52.2 93.6 60.7 23.0 37.6 61.1 21.8 39.3 60.7 22.1 38.6 60.6 21.7 38.9 22. p Preliminary. HISTORICAL STATISTICS THE 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 District Offices or the Superintendent of Documents; see addresses inside front cover). Each July SUKVEY contains preliminary data for the latest 2 years and fully revised data for the preceding 2. The July 1973 issue has data for 1969-72. Prior July issues have fully revised data as follows: 1968-69, July 1972; 1967-68, July 1971; 1966-67, July 1970; 1965-66; July 1969; 1964-65, July 1968. BEA will provide on request a reprint of the fully revised data for the years 1964-69. SURVEY OF CURRENT BUSINESS 18 July 1973 1.—Gross National Product and National Ineome Table 1.1.—Gross National Product 1970 1969 1969 1970 I II IV III I Millions of dollars Gross national product. . 1971 1972 1971 II III IV I II 1972 IV III I II III IV Billions of dollars, seasonally adjusted at annual rates 930,284 977,080 1,055,450 1,155,155 907.0 923.5 941.7 948.9 958.5 970.6 987.4 991.8 1,027.2 1,046.9 1,063.5 1,084.2 1,112.5 1,142.4 1,166.5 1,199.2 Personal consumption expenditures 579,457 617, 644 667, 151 726,506 564.0 575.8 583.7 594.4 604.6 614.0 623.7 628.3 650.0 662.2 673.0 683.4 700.2 719.2 734.1 752.6 90, 790 91, 298 245, 923 263, 779 242, 744 262, 567 103, 582 278, 709 284, 860 117,409 90.2 91.0 90.6 91.4 90.9 92.8 93.4 88.1 299, 916 240.2 245.1 247.3 251.1 257 1 261.2 265.7 271.1 309, 181 233.7 239.6 245.8 251.9 256.6 259.9 264.6 269.1 100.3 273.5 276.1 101.9 278.0 282.3 105.4 279.8 287.8 106.7 283.5 293.2 111.5 288.8 300.0 115.1 297.9 306.2 120.2 302.3 311.6 122.9 310.7 319.0 138,951 136,275 153, 196 178,274 135.6 138.6 143.8 137.9 133.1 135.4 139.2 137.4 145.5 152.7 153.8 160.8 167.5 174.7 181.5 189.4 131, 146 131, 747 147, 131 172, 253 128.6 130.4 133.2 132.3 131.0 130.5 133.2 132.3 138.5 145.0 149.5 155.6 165.8 169.2 172.9 181.2 Nonresidential 98, 509 100, 568 Structures 34, 224 36, 145 Producers' durable equipment- -. 64,285 64,423 104,411 37,884 66, 527 118, 236 41, 698 76, 538 95.5 32.4 63.1 96.9 100.2 101.4 100.0 101.0 102.8 33.4 35.4 35.8 35.6 36.1 36.4 63.5 64.8 65.7 64.3 64.9 66.5 98.5 36.5 62.0 101.4 37.0 64.4 103.6 37.6 66.0 104.7 38.4 66.3 108.0 38.5 69.5 114.0 41.0 73.1 116.3 41.5 74.9 118.3 41.3 77.0 124.3 43.0 81.2 32,637 31, 179 31,994 30, 701 Durable goods Nondurable goods Services Gross private domestic investment Fixed investment. Residential structures. Nonfarm Farm Change in business inventories .. -Nonfarm Farm 643 478 42, 720 42, 165 555 54, 017 53, 456 561 33.1 32.4 .8 33.5 33.1 .4 33.0 32.0 .9 30.9 30.5 .4 31.1 30.5 .5 29.5 29.2 .3 30.4 29.9 .4 33.8 33.1 .6 37.1 36.6 .5 41.5 41.0 5 44.8 44.1 .7 47.5 46.9 .6 51.8 51.2 .6 52.8 52.3 .6 54.5 53.9 6 56.9 56.4 5 7,805 7,702 4,528 4,306 6,065 4,484 103 222 1,581 6,021 5,601 420 6.9 6.8 .1 8.1 8.0 .1 10.6 10.6 .1 5.5 5.4 .2 2.1 1.8 .3 4.9 4.7 .2 6.0 5.8 .2 5.1 4.9 .2 7.0 5.8 1.2 7.6 6.3 1.4 4.3 2.4 2.0 5.3 3.5 1.8 1.7 1.4 .4 5.5 4.8 .7 8.7 8.4 .3 8.2 7.9 .3 1,911 3,630 807 -4,609 1.2 1.1 2.6 2.7 3.6 3.9 4.2 2.8 3.8 .5 1.1 -2.2 -5.5 -5.7 -3.8 -3.5 55, 502 62,919 53, 591 59, 289 66, 287 65, 480 73,462 47.9 46.6 56.8 55.8 58.1 55.5 59.2 56.5 61.5 57.9 63.1 59.2 63.9 59.7 63.2 60.4 65.9 62.1 67.1 66.6 69.1 68.0 63.0 65.2 70.3 75.8 69.9 75.6 74.0 77.7 79.7 83.2 Government purchases of goods and services .. 209,965 219,531 234,296 217.2 217.3 220.3 223.3 227.9 Net exports of goods and services Exports Imports Federal. .. National defense Other . . . . State and local 98, 781 96, 182 78,402 74, 588 20,379 21, 594 98, 067 71, 560 26, 507 111, 184 123,349 136, 229 78, 071 254,984 206.2 208.1 211.6 214.0 231.5 235.5 242.2 250.3 254.2 254.7 260.7 94.8 72.6 22.2 96.1 72.3 23.9 96.7 71.3 25.4 98.2 70.3 27.9 101.2 72.4 28.8 106.0 76.5 29.5 106.7 76.6 30.1 102.3 71.9 30.4 102.7 72.4 30.3 150, 538 107.4 110.4 112.3 114.6 117.8 121.5 125.6 128.5 131.8 134.8 137.3 141.0 144.3 147.5 152.4 158.0 104, 446 74,371 30, 075 97.6 77.3 20.3 98.8 78.0 20.8 99.4 78.9 20.5 99.3 79.4 19.9 99.5 78.5 21.0 95.8 74.0 21.8 94.7 73.2 21.5 Table 1.2.—Gross National Product in Constant Dollars [Billions of 1958 dollars] 1969 1969 1970 1972 1971 I II 1970 III IV I III II 1972 1971 IV I II III IV I II III IV Seasonally adjusted at annual rates 725.6 722.5 745.4 790.7 722.4 725.8 729.2 725.1 721.2 722.1 727.2 719.3 735.1 740.4 746.9 759.0 768.0 785.6 796.7 812.3 Personal consumption expenditures . 469.1 477.5 496.3 526.8 465.5 469.3 469.5 472.2 474.3 477.5 480.9 477.5 489.5 493.6 498.0 504.1 512.5 523.4 531.0 540.5 85.6 83.8 201.3 206.5 182.2 187.2 92.2 211.6 192.4 104.0 220.9 201.8 85.9 200.6 179.0 86.0 202.0 181.3 85.0 201.2 183.3 85.4 201.5 185.2 84.5 203.8 186.0 85.8 205.1 186.5 85.6 207.2 188.1 79.3 209.8 188.4 89.3 210.2 189.9 90.2 211.8 191.7 93.6 211.5 192.9 95.8 213.0 195.3 99.2 215.0 198.2 101.9 220.7 200.8 105.8 222.2 202.9 109.2 225.8 205.4 Gross national product Durable goods . Nondurable goods Services .. 110.3 122.9 109.7 110.8 114.0 107.4 102.6 103.5 105.4 102.1 106.6 110.3 109.5 114.8 116.5 121.0 124.8 129.1 105.0 118.3 103.8 103.9 104.6 102.8 100.7 99.1 100.5 97.6 100.7 103.8 105.5 110.1 115.4 116.7 118.2 122,8 77.2 23.7 76.1 22.5 83.7 23.0 79.2 23.6 79.3 23.9 80.9 24.9 80.9 24.6 78.5 24.1 78.3 23.9 78.6 23.6 73.5 23.1 74.8 22.9 75.5 22.6 75.6 22.4 78.4 22.1 81.5 23.0 82.5 23.0 83.4 22.7 87.5 23.1 55.8 53.5 53.6 60.8 55.6 55.4 56.0 56.3 54.4 54.3 55.1 50.4 51.9 52.9 53.2 56.3 58.4 59.5 60.7 64.3 23.7 23.2 .5 22.2 21.9 .4 29.0 28.6 .4 34.6 34.2 .4 24.5 24.0 .6 24.6 24.3 .3 23.7 23.0 .7 21.9 21.6 .3 22 2 2l! 8 .4 20.8 20.6 .2 21.8 21.5 .3 24.1 23. 6 .5 25.9 25.6 .3 28.3 27.9 .4 29.9 29.5 .5 31.7 31.3 .4 34.0 33.6 .4 34.2 33.9 .4 34.7 34.3 .4 35.3 35.0 .3 6.7 6.7 .0 3.9 3.7 .1 5.3 3.8 1.4 4.6 4.5 .1 6.0 5.9 .0 6.8 6.8 .0 9.4 9.4 .0 4.6 4.5 .1 1.9 1.6 .2 4.4 4.3 .1 4.9 4.8 .1 4.5 4.4 .1 5.8 4.8 1.1 6.5 5.3 1.3 4.0 2. 2 L8 4.7 3.1 1.6 1.1 1.0 .1 4.3 4.0 .3 6.6 6.6 .0 6.3 6.2 .1 Gross private domestic investment. . 110.5 Fixed investment 103.4 103.8 99.5 Nonresidential .. ... Structures Producers' durable equipment _ . 80.1 24.3 Residential structures Nonfarm Farm Change in business inventories Nonfarm. Farm Net exports of goods and services Exports Imports .- Government purchases of goods and services Federal State and Ipcal .2 2.3 .4 -2.0 -.2 -.6 .7 .8 2.0 2.1 3.0 2.0 2.4 -.2 .8 -1.6 -3.7 -2.8 -.9 48.4 48.3 52.2 50.0 52.7 52.4 56.4 58.4 42.6 42.8 50.3 50.9 50.5 49.9 50.3 49.4 52.0 50.0 52.5 50.5 52.4 49.5 51.9 49.9 52.8 50.4 53.4 53.7 54.9 54.1 49.7 51.3 55.4 59.1 54.1 56.8 56.6 57.5 145.9 139.3 138.4 143.0 147.4 146.3 145.1 144.6 139.1 138.0 137.8 136.7 136.7 138.6 141.6 142.7 144.0 141.8 73.5 72.4 64.3 75.0 60.9 77.5 60.8 82.2 76.1 71.4 73.9 72.4 72.3 72.7 71.5 73.1 64.5 74.6 62.4 75.5 61.8 76.0 60.1 76.6 59.9 76.8 61.1 77.5 62.5 79.1 63.0 79.7 62.9 81.1 58.8 83.0 142.3 68.8 73.7 59.6 60.3 143.5 58.6 85.0 CURRENT BUSINESS STATISTICS 1.HE STATISTICS here update series published in the 1971 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY OF CURRENT BUSINESS. That volume (available from the Superintendent of Documents for $3.00) provides a description of each series, references to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1967 through 1970 (1960-70 for major quarterly series), annually, 1947-70; for selected series, monthly or quarterly, 1947-70 (where available). Series added or significantly revised after the 1971 BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (t), respectively; certain revisions for 1970 issued too late for inclusion in the 1971 volume appear in the monthly SURVEY beginning with the September 1971 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding to revised annual data are available upon request. The sources of the data are given in the 1971 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and are also listed alphabetically on pages 189-90. Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided through the courtesy of the compilers, and are subject to their copyrights. 1970 Unless otherwise stated in footnotes below, data through 1970 and descriptive notes areas shown in the 1971 edition of BUSINESS STATISTICS 1971 | 1972 1970 II Annual total III 1971 | IV I II 1972 III IV I II 1973 | III •IV I | II* Seasonally adjusted quarterly totals at annual rates GENERAL BUSINESS INDICATORS—Quarterly Series NATIONAL INCOME AND PRODUCTf bil.$__ r 977. 1 '1,056.5 ••1,155.2 '970.6 ' 987. 4 ' 991. 8 '1,027.2 '1,046.9 '1,063.5 '1,084.2 '1,112.5 '1,142.4 '1,166.5 '1,199.2 '1,242.5 1,271.0 Gross national product, total t Personal consumption expenditures, total.. do Durable goods total 9 do_. Automobiles and parts do Furniture and household equipment.-.do 617.6 667.2 726.5 614.0 623.7 628.3 650.0 662.2 673.0 683.4 700.2 719.2 734.1 752.6 779.4 795.1 91.3 37.3 39.6 103.6 46.6 42.1 117.4 52.8 48.1 92.8 39.3 39.4 93 4 39.1 39.6 88 1 33.1 40.3 100.3 44.7 41.3 101.9 45.5 41.6 105.4 48.3 41.9 106.7 47.8 43.6 111.5 49.4 46.6 115.1 51.2 47.3 120.2 55.0 48.6 122.9 55.7 50.0 132.2 60.5 53.7 133.1 59.9 54.5 Nondurable goods, total 9 Clothing and shoes . Food and beverages Gasoline and oil do do do do 263 8 52.8 130 0 22 2 278 7 57.0 136 6 23 5 299 62 145 25 9 3 3 5 261.2 52 5 128 5 22 1 265 7 52 7 131 5 22 3 271 1 54 5 133 3 22 7 273.5 55.7 134 1 22 9 278 0 57.0 136 2 23 1 279.8 57.4 137 6 23 6 283.5 58.1 138 4 24 5 288 8 59.4 141 0 24 7 297 9 61.7 144 7 25 0 302.3 62.9 146 5 25 8 310.7 65.1 149 1 26 6 322.2 68.3 154 7 27 5 329.8 69.6 157 8 28 5 Services total 9 Household operation Housing _ ..: Transportation do do do do 262.6 36 4 90.9 18 3 284.9 39 7 98.5 20 4 309.2 43 8 105.5 21 8 259.9 35 9 90.2 18 0 264.6 36 9 91.4 18 5 269.1 37 3 93.3 18 9 276.1 38 4 95.4 19.4 282.3 39 3 97.6 20 1 287.8 40 3 99.5 20 6 293.2 40 7 101.4 21 2 300.0 41 8 103.1 21 6 306.2 43 2 104.7 21 7 311.6 44 5 106.3 21 8 319.0 45 7 107.9 22 2 325 0 46 5 110.6 22 8 332.2 47 2 113.2 23.2 136.3 153.2 178.3 135.4 139.2 137.4 145.5 152.7 153.8 160.8 167.5 174.7 181.5 189.4 194.5 199.2 131 7 100 6 36.1 64.4 31 2 30 7 45 4 3 147 1 104 4 37.9 66.5 42 7 42 2 61 45 172 3 118 2 41 7 76.5 54 0 53 5 6 0 56 130 5 101 0 36 1 64.9 29 5 29 2 49 4 7 133 2 102 8 36.4 66.5 30 4 29 9 6 0 58 132 3 98 5 36 5 62.0 33 8 33 1 51 4 9 138 5 101.4 37.0 64.4 37 1 36 6 70 58 145 0 103 6 37.6 66.0 41 5 41 0 76 6 3 149 5 104 7 38.4 66.3 44 8 44 1 43 24 155 6 108 0 38.5 69.5 47 5 46 9 53 3.5 165 8 114 0 41.0 73.1 51 8 51 2 17 14 169 2 116.3 41.5 74.9 52 8 52 3 5.5 4.8 172 9 118 3 41.3 77.0 54 5 53 9 8.7 8.4 181.2 124.3 43.0 81.2 56 9 56.4 8.2 7.9 189 9 130.9 45.3 85.5 59.0 58.4 4.6 4.4 194.0 134.4 47.2 87.3 59.5 59.0 5.3 5.1 3.6 62 9 59.3 .8 66 3 65 5 -4.6 73 5 78 1 3. ya 63 1 59 2 4.2 63 9 59 7 2.8 63 2 60 4 3.8 65 9 62 1 .5 67 1 66 6 1.1 69 1 68 0 -2.2 63 0 65 2 -5.5 70 3 75 8 -5.7 69 9 75.6 -3.8 74 0 77.7 -3.5 79.7 .0 89.7 89.7 1.7 95.1 93.4 219.5 96 2 74 6 123 3 234.3 98 1 71 6 136 2 255.0 104 4 74 4 150 5 217.3 95 8 74 0 121 5 220.3 94 7 73 2 125 6 223.3 94 8 72 6 128 5 227.9 96 1 72 3 131 8 231.5 96 7 71 3 134 8 235.5 98 2 70 3 137 3 242.2 101 2 72 4 141.0 250.3 106 0 76 5 144 3 254.2 106 7 76 6 147.5 254.7 102 3 71 9 152.4 260.7 102.7 72.4 158.0 268.6 105.5 74.3 163.0 275.0 106.5 74.5 168.5 049 4 r l 149 1 T 965 7 491 1 466 8 535 4 191 1 214 1 184 9 299 9 281 9 321 2 447 4 405 8 487 3 110 9 93 2 126 5 r 981 3 986 7 rl 020 2 rl 039 2 rl 059 2 rl 078 9 r\ no 8 501.1 515 2 482 1 495 2 485 9 465 9 196 2 205 5 192 8 188 1 175 0 187 4 309 7 294 7 297' 8 302 4 290 9 304 9 433 9 471 8 421 0 450 8 460 9 444 0 123 8 117 0 109 3 113 2 99 8 104 1 rl 136 9 . Gross private domestic investment, total.. .do Fixed investment Nonresidential .... .. Structures . Producers' durable equipment Residential structures Nonfarm Change in business inventories Nonfarm . ... Net exports of goods and services Exports Imports -do do do do -do -do do. . do do do do Govt. purchases of goods and services, total . do Federal do National defense . . . . do State and local do By major type of product:! Final sales, total Goods, total Durable goods Nondurable goods Services Structures . do do do.. do do ..do Change in business inventories Durable goods Nondurable goods do.. . do do. . ' 972 6rl 466 7 182 5 284 1 410 3 95 5 '4 5 12 33 T 61 20 41 ' 60 49 11 r4 9 2 46 472 186 285 413 95 r 1 2 9 5 7 60 5 2 8 r r 5 I 1 1 6 2 ' 7 0 41 29 r 7 6 4 2 34 '4 3 7 37 '5 3 — 9 6 2 531. 0 211 4 319.6 481 5 124.4 ' 1 7 ' 5.5 4 32 23 13 oo 2 T \ 157 8 '1 191 0 '1 237.8 1, 265. 8 599.9 555.4 585.0 539.9 222.8 238.1 243.2 216 8 356.7 346.9 323.1 332.5 525.4 503.9 514.8 491 8 140.4 138.1 126.2 131.7 '8.7 58 2.9 '8.2 10.4 -2.2 '4.6 4.4 .3 5.3 9.3 -4.1 GNP in constant (1958) dollars f Gross national product, totalf bil.$_. ' 722. 5 Personal consumption expenditures, total, .do Durable goods Nondurable goods Services - . . do do do ' 745. 4 ' 790. 7 ' 722. 1 ' 727. 2 '719.3 ' 735. 1 ' 740. 4 ' 746. 9 ' 759. 0 ' 768. 0 ' 785. 6 ' 796. 7 ' 812. 3 ' 829. 3 834.6 540.5 552.7 553.8 105.8 222.2 202.9 109.2 225.8 205.4 117.0 228.8 207.0 116.6 228.1 209.0 477.5 496.3 526.8 477.5 480.9 477.5 489.5 493.6 498.0 504.1 512.5 523.4 531.0 83 8 206 5 187 2 92 2 211 6 192 4 104 0 220 9 201 8 85 8 205 1 186 5 85 6 207 2 188 1 79 3 209 8 188 4 89 3 210 1 189 9 90 2 211 8 191 7 93 6 211 5 192 9 95 8 213 0 195 3 99.2 215 0 198 2 101.9 220 7 200 8 103.4 110.3 122.9 103.5 105.4 102.1 106.6 110.3 109.5 114.8 116.5 121.0 124.8 129.1 130.2 131.0 Fixed investment Nonresidential Residential structures _ Change in business inventories do do do do 99 5 77 2 22.2 3.9 105 0 76 1 29.0 53 118 3 83 7 34.6 4 6 99 1 78 3 20.8 44 100 5 78 6 21.8 49 97 6 73 5 24.1 45 100 7 74 8 25.9 58 103 8 75 5 28.3 65 105 5 75 6 29.9 4.0 110 1 78 4 31.7 4.7 115 4 81.5 34.0 1.1 116.7 82.5 34.2 4.3 118.2 83.4 34.7 6.6 122.8 87.5 35.3 6.3 126.9 91.2 35.6 3.3 127.1 91.8 35.3 3.9 Net exports of goods and services .do 2.3 .4 -2.0 2.1 3.0 2.0 2.4 -.2 .8 -1.6 -3.7 -2.8 -.9 -.8 2.0 4.9 144.4 58.2 86.2 144.9 57.5 87.4 Gross private domestic investment, total. ..do Govt. purchases of goods and services, total - do Federal .. do State and local... do 138.4 139.3 143.0 139.1 138.0 64 3 60 9 60 8 62 4 64 5 7.50 77.5 82.2 74.6 75. 5 ' Revised. *> Preliminary. t Revised series. Estimates of national income and product and personal income have been revised back to 1969 (see p. 14 ff. of this issue of the SURVEY); revisions prior to May 1972 for personal income appear on pp. 27-28 of this issue of the SURVEY. 141.6 138.6 136.7 137.8 136.7 62 5 59 9 61 1 61 8 60 1 79.1 77.5 76.0 76.6 76.8 9 Includes data not shown separately. 142.7 63.0 79.7 144.0 62.9 81.1 141.8 58.8 83.0 143.5 58.6 85.0 s-1 SURVEY OF CURRENT BUSINESS S-2 1970 Unless otherwise stated in footnotes below, data through 1970 and descriptive notes are as shown in the 1971 edition of BUSINESS STATISTICS 1971 1971 1970 1972 Annual total I IV III July 1973 II 1972 III I IV 1973 II III IV I II» III GENERAL BUSINESS INDICATORS—Quarterly Series—Continued NATIONAL INCOME AND PRODUCT-Con. Quarterly Data Seasonally Adjusted at Annual Rates National income total t bil. $ r 800 5 ' 859. 4 941.8 809.3 806.3 835.9 853.6 865.6 882.7 911.0 928.3 949.2 978.6 015 0 do 603.9 644.1 707.1 610.1 610.6 627.6 638.8 648.8 661.2 684.3 699.6 713.1 731.2 757.4 774.7 Wages and salaries, total - -do Private do Military do Government civilian do Supplements to wages and salaries . do Proprietors' income, total 9 do Business and professional 9 do Farm do Rental income of persons do 542.0 426.9 19 6 95.5 61.9 66.9 50 0 16 9 23.9 573.8 449.7 19 4 104.7 70.3 68.7 51 9 16 8 24.5 627.3 493.3 20.3 113.8 79.7 74.2 54.0 20.2 24.1 547.1 431.0 19.4 96.7 62.9 66.2 50.2 16.0 24.2 546.7 429.2 19.0 98.5 63.9 66.2 50.0 16.2 24.4 559.8 438.5 19.8 101.6 67.7 67.9 50.9 16.9 24.4 569.3 446.3 19.3 103.6 69.6 68.3 51.7 16.6 24.7 577.6 452.3 18.9 106.3 71.1 68.6 52.3 16.3 24.7 588.6 461.7 19.6 107.3 72.6 70.2 52.7 17.5 24.4 607.3 476.4 20.9 110.0 77.0 72.5 53.1 19.5 24.1 620.8 488.4 20.1 112.3 78.9 73.2 53.3 19.9 22.6 632.5 497.5 20.0 115.1 80.5 74.1 54.3 19.8 24.9 648.7 510.9 20.1 117.7 82.5 77.1 55.3 21.8 24.9 666.7 525.1 20.9 120.7 90.8 80.6 56 3 24.3 24.7 682.2 538.6 20.5 123.1 92.5 81.5 57 1 24.4 24.6 69 2 80.1 91.1 71.3 65.9 75.8 80.5 80.9 83.4 86.2 88.0 91.5 98.8 104.3 13.6 55 6 27 8 17 3 10.5 15.2 64 9 32.5 17 8 14.7 17.5 73.6 40.1 20 0 20.2 14.0 57.3 29.1 17 8 11.4 14.2 51.7 23.7 17.5 6.3 14.0 61.8 31.8 17 6 14.2 14.7 65.8 32.7 17 8 14.9 15.9 65.0 31.8 18 0 13.8 16.3 67.1 33.6 17.9 15.7 16.6 69.6 37.3 18.6 18.7 17.3 70.7 38.7 18.5 20.2 17.6 73.9 39.9 20.4 19.5 18.6 80.2 44.7 22.4 22.3 19.8 84 5 49.7 22 8 26.9 7.8 20 1 8.6 23.9 9.3 24.2 7.9 20.2 7.3 20.7 8.2 21.8 9.1 23.9 9.1 24.1 7.9 25.7 8.5 23.8 8.9 23.1 9.8 24.1 9.9 25.7 9.2 25.6 74 0 34.8 39.3 24.7 14 6 —4.8 36.5 85 1 37.4 47.6 25.1 22.5 -4.9 42.0 98 0 42.7 55.4 26.0 29.3 -6.9 45.2 75.7 35.7 39.9 24.7 15.2 -4.4 37.5 69.8 33.0 36.7 24.5 12.2 -3.8 39.2 80 8 37.0 43.8 25.3 18.5 -5.0 40.2 85.5 38.4 47.1 25.1 22.0 -5.0 41.4 87 0 38.0 49.0 25.2 23.7 -6.1 42.7 86.9 36.4 50.6 24.9 25.7 -3.6 43.5 92.8 40.6 52.2 25.7 26.5 -6.6 43.9 94.8 41.4 53.4 25.9 27.5 -6.7 44.8 98.4 42.9 55.6 26.2 29.4 -6.9 45.7 106.1 45.9 60.3 26.4 33.9 -7.3 46.6 119 6 52.7 66.9 26.9 40.0 -15.4 47.9 —21.1 49.4 910.8 r 926. 1 ' 943. 7 142.8 140.7 138.0 785.4 800.9 772.8 755.1 739.5 720.0 45.8 45.9 52.9 976.1 147.4 828.7 774.3 54.4 f 996. 6 145.1 851.5 801.5 50.0 , 019. 1 148.8 870.4 818.0 52.4 Compensation of employees, totalf 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 r Less* Personal tax and nontax payments do Eouals' 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 ^ do Nonmanufacturing Mining Railroad Air transportation Other transportation Public utilities Electric... Gas and other - Commercial and other Seas. adj. qtrly. totals at annual rates: All industries Manufacturing Durable goods industries If Nonmanufacturing Mining Railroad Air transportation Other transportation Public utilities Electric Gas and other Communication Commercial and other . 808 3 116.6 691.7 635.5 56.2 ' 863. 5 ' 939. 2 142.2 117.5 797.0 746.0 747.2 685.8 49.7 60.2 r 816. 8 ' 822. 9 •• 840. 0 ' 859. 5 ' 870. 2 ' 884. 4 124.0 115.7 114.3 115.5 112.6 118.1 760.4 707.2 702.4 744.0 727.4 752.0 702.6 646.6 641.7 668.3 680.6 691.8 57.8 60.6 60.8 59.2 63.5 60.2 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 1.89 1.78 3.03 1.23 13.14 10.65 2.49 10.10 16.59 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 17.00 14.48 2.52 11.89 20.07 12.27 .46 .46 .74 .30 3.58 2.79 .78 2.56 4.16 12.99 .50 .43 .76 .33 3.74 3.12 .63 2.81 4.42 10.99 .49 .34 .34 .28 3.11 2.70 .41 2.50 3.94 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 14.12 .59 .38 .61 .35 4.39 3.67 .72 2.84 4.97 15.83 .63 .47 .63 .40 4.74 4.01 .73 3.39 5.57 13.69 .63 .46 .52 .32 3.95 3.45 .5C 2.87 4.94 do do do 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 do do do do do do do ..do.. . do... do 49.73 1.86 1.96 3.24 1.22 13.84 11.34 2.50 47.66 1.94 1.56 3.08 1.22 13.68 11.20 2.48 48.86 2.04 1.46 1.29 1.33 14.64 12.16 2.48 51.50 2.08 1.88 2.28 1 40 H.91 12.61 2.30 51.56 2.23 1.72 1.68 1.48 15.87 13.56 2.30 56.70 2.42 2.10 1.96 1.48 16.92 14.27 2.65 17.00 15.97 17.39 17. 72 17.85 52.82 2.30 1.64 2.26 1.33 15.74 13.01 2.74 in A.A. 19.10 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 17.53 14.67 2.86 12 63 20.21 96.19 35.51 17.88 17.63 60.68 2.59 15,97 10,70 15,80 10,45 16,48 10,87 16,78 10,79 17,28 11,52 17,58 11,65 17,463 11,53 do do do do do do do do do U.S. BALANCE OF INTERNATIONAL PAYMENTSd* 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._. 62,919 41,964 1,478 11,42 8,05 -59,28 -39,788 -4,85 -5,16 -9,684 66,28 42,76 1,91 12,89 8,71 73,46 48,76 1,16 13,92 9,60 4213 34 2,85 2,06 2,863 2,06 -65,48C -78,07 -14,928 -15,09 -9,96 -10,26 -45,46 -55,68 -1,20 -4,82fl -4,724 -1,21 -4,92 -10,25 -6,0ft -11,604 -1,284 -2,47 -1,21 -2,41 3,63 1,04 8C -4,6C Balance on goods and services, total do. . . 74< 2,17 -2,69 -6,91 Merchandise, adiusted, excl. militarv do..r Revised. *> Preliminary. » Estimates (corrected for systematic biases) for Apr.June and July-Sept. 1973 based on expected capital expenditures of business. Expected expenditures for the year 1973 appear on p. 11 of the June 1973 SURVEY. 2 Includes com munication. fSee corresponding note on p. S-l. 9 Includes inventory valuation adjustment. © Personal outlays comprise personal consumption expenditures, interest paid by http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 704 18 49 2,98 2,12 50 3,31 2,16 10 7*} 48 3,03 2,23 15,73 9,583 41 3,55 2,18 U 71 32 3,31 2,29( -15,53 -16,650 -17,00 -16,29 -10,74 -11,708 -11,90 -11,10 -l,2tt -1,23 -1,17 -1,21 -18,96 -13,47 -1,22 1,34 -2,61 -1,42 -2,84 -1,16 -2,45 -1,13 -2,59 -1,29 -2,59 1Q QO 12,36 28 3,27 2,36 2,39 -18,88 -19,43 -13,31 -13,93 -1,10 -1,24 —1,47 -2,85 -2,86 13,2. 27.3 » 24. 93 i 25. 32 9.28 9.43 4.78 4.83 4.50 4.60 15.65 .68 .46 .68 .42 4.75 4.00 .74 15.89 .71 .50 .46 .40 5.24 4.36 .88 28.66 28.57 i 98. 57 1 101. 80 37.05 38.01 19.68 19.14 18.34 17.91 63.79 61.52 2.90 2.68 2 05 1 T\ 2 03 2 1 ^ft 1 61 20.18 18.68 18.38 1 f\ Q9 17 22 9 Qfi 2. 98 12.34 21.53 2 34. 25 2 35. 03 CO v 22 43 n -I C OOf no j> 34 O Qf\ p 4 10 v 9 fifi -20,79 p-22,43 -14,95 p-16,28 -1,15 p-1,16 1 M v i 35 —3,04 _ 0 1 0( 07 nc -1,74 —1,42 -56 -1,37 28( 13 95 -1,5 -1,77 -1,82 -38 -1,52 12< -91 consumers, and personal transfer payments to foreigners. § Personal saving is excess of disposable income over personal outlays. HData for individual durable and nondurable goods industries components appear in Mar., June, Sept., and Dec. issues of the SURVEY. cf More complete details appear in t quarterly reviews in the Mar., June, Sept., and Dec. issues of the SURVEY.
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