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SURVEY OF CURRENT BUSINESS

September 1973

11

NATIONAL INCOME AND PRODUCT TABLES
1972
1971

1972

I

11

1973

III

IV

I

1972

II

1971

1972

I

II

Seasonally adjusted at annual rates

1973

III

IV

I

II

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)
Gross national product

,055.5 1,155.2 1,112.5 1,142.4 1,166.5 1,199.2 1,242.5 1,272.0

829.3

834.3

779.4

795.6

496.3

526.8

512.5

523.4

531.0

540.5

552.7

553.3

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

132.8
330.3
332.6

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

116.2
228.0
209.1

178.3

167.5

174.7

181.5

189.4

194.5

198.2

110.3

122.9

116.5

121.0

124.8

129.1

117.0
228.8
207.0
130.2

172.3

165.8

169.2

172.9

181.2

189.9

193.7

105.0

118.3

115.4

116.7

118.2

122.8

126.9

126.9

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

134.1
47.2
86.9

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
23.8
67.4

91.5
24.4
67.2

54.0
53.5

51.8
51.2

52.8
52.3
.5

54.5
53.9

56.9
56.4
.5

59.0
58.4

59.1
.5

29.0
28.6
.4

34.6
34.2
.4

34.0
33.6
.4

34.2
33.9
.4

34.7
34.3
.4

35.3
35.0
.3

35.6
35.3
.4

35.3
35.0
.3

6.0
5.6
.4

1.7
1.4
.4

5.5
4.8
.7

8.7
8.4
.3

8.2
7.9
.3

4.6
4.4
.2

4.5
4.4
.1

5.3
3.8
1.4

4.6
4.5
.1

1.1
1.0
.1

4.3
4.0
.3

6.6
6.6
.0

6.3
6.2
.1

3.3
3.2
.1

3.4
3.3
.1

-5.5

-5.7

-3.8

-3.5

.0

2.8

.4

-2.0

-3.7

-2.8

-.9

2.0

5.6

70.3
75.8

69.9
75.6

74.0
77.7

79.7
83.2

89.7
89.7

97.2
94.4

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

66.6
61.1

234.3

73.5
78.1
255.0

250.3

254.2

254.7

260.7

268.6

275.3

138.4

143.0

142.7

144.0

141.8

143.5

144.4

145.2

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

107.3
74.2
33.1

60.9

60.8

63.0

62.9

58.8

58.6

58.2

58.2

136.2

Change in business inventories.
Nonfarm
Farm

812.3

752.6

-4.6

Residential structures.
Nonfarm
Farm

796.7

734.1

6.1
4.5
1.6

Nonresidential
Structures
Producers' durable equipment..

785.6

719.2

42.7
42.2

Fixed investment

768.0

700.2

147.1

Gross private domestic investment.

790.7

726.5

153.2

Durable goods
Nondurable goods..
Services

745.4

667.2
103.6
278.7
284.9

Personal consumption expenditures..

150.5

144.3

147.5

152.4

158.0

163.0

168.0

77.5

82.2

79.7

81.1

83.0

85.0

86.2

87.0

Net exports of goods and services
Exports
Imports
Government purchases of goods and services
Federal
National defense..
Other
State and local.

66.3
65.5

130.2

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
1,055.5 1,155.2 1,112.5 1,142.4 1,166.5 1,199.2 1,242.5 1,272.0
Final sales.
_
Change in business inventories.
Goods output .

745.4

790.7

768.0

785.6

796.7

812.3

829.3

834.3

1,049.4 1,149.1 1,110. 8 1,136. 9 1,157. 8 1,191.0 1, 237. 8 1,267.5
6.1
6.0
8.2
4.5
1.7
5.5
4.6
8.7
536.4
497.1 541.4
548.6 563.6 589.6
604.2
516.9

740.1
5.3

786.1
4.6

766.9
1.1

781.3
4.3

790.0
6.6

806.0
6.3

826.0
3.3

831.0
3.4

396.1

423.9

407.3

421.5

428.4

438.4

452.1

453.9

555.4
8.2
233.2
222.8
10.4

585.0
4.6

599.6
4.5

390.8
5.3

419.3
4.6

406.2
1.1

417.2
4.3

421.7
6.6

432.1
6.3

448.7
3.3

450.5
3.4

214.6
211.4
3.2

539.9
8.7
222.6
216.8
5.8

242.5
238.1
4.4

249.7
242.4
7.3

163.0
161.3
1.7

184.1
180.2
3.9

173.5
173.2
.3

180.4
177.7
2.7

186.2
181.8
4.4

196.3
188.0
8.2

203.4
200.3
3.2

207.1
201.8
5.4

311.0
309.7
1.3

321.9
319.6
2.3

326.0
323.1
2.9

330.3
332.5
—2.2

347.2
346.9
.3

354.5
357.3
-2.8

233.1
229.5
3.6

239.8
239.1
.7

233.8
233.0
.8

241.1
239.5
1.6

242.2
240.0
2.2

242.1
244.1
—1.9

248.7
248.5
.2

246.7
248.7
-2.0

471.8
123.8

481.5
124.4

491.8
126.2

503.9
131.7

514.8
138.1

527.7
140.1

280.1
69.-1

292.6
74.2

286.8
73.9

290.3
73.8

294.5
73.8

298.8
75.1

300.6
76.7

304.1
76.3

Final sales
Change in business inventories..
Durable goods
_
Final sales.
Change in business inventories..

491.1
6.1

535.4
6.0

515.2
1.7

531.0
5.5

193.1
191.1
2.0

219.1
214.1
4.9

205.9
205.5
.4

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

Services.
Structure

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.
Rest of the world
General government..
Federal—
State and local

1,055.5 1,155.2 1,112.5 1,142.4 1,166.5 1,199.2 1,242.5 1,272.0
S30.3 1,019.7

980.3 1,008.6 1,030.0 1,060.0 1,098.9 1,126.2

889.9
859.4
30.4

975.4
941.0
34.4

937.8
904.8
33.0

965.2
931.3
33.9

984.9 1, 013. 6 1, 050. 5 1,076. 8
951.0
976.9 1, 008. 9 1,033. 5
43.3
33.9
41.6
36.7

33.5
7.0

36.8
7.5

35.5
7.0

36.6
6.8

37.5
7.6

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

37.8
8.7
139.2
50.5
88.7

745.4

790.7

768.0

785.6

796.7

812.3

829.3

834.3

684.7

729.5

707.3

725.0

735.3

750.3

767.1

772.0

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

748.3
725.9
22.4

39.3
9.1

40.5
8.9

16.8
5.6

17.4
5.5

17.2
5.4

17.4
5.0

17.5
5.5

17.4
6.2

18.0
6.3

18.2
5.5

143.5
52.5
91.1

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

61.3
21.7
39.7

62.0
21.7
40.3

62.2
21.6
40.6

62.4
21.4
41.0

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 SURVEY 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. BE A will provide on request a reprint of the fully revised data for the years 1964-69.



CURRENT BUSINESS STATISTICS

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

1970

1972
II

Annual total

III

1971
IV

I

II

|

1972

III

IV

I

II

1973

III

rv

i

| n

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT!
Gross national product, total!

bil.$._

Personal consumption expenditures, total..do
Durable goods, total 9
do
Automobiles and parts
do
Furniture and household equipment...do
Nondurable goods, total9
---do
Clothing and shoes
do
Food and beverages
do
Gasoline and oil
do
Services, total9
..do.
Household operation
do.
Housing
do.
Transportation
do.
Gross private domestic investment, total...do
Fixed investment
..do
Nonresidential
do
Structures
...do
Producers' durable equipment
do
Residential structures
do.
Nonfarm
...do.
Change in business inventories.__
do.
Nonfarm
_.
do.
Net exports of goods and services
do..
Exports
do..
Imports
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
* * ss, total. ._
_
Durable goods__
__
_
Nqndurable goods
_.
Services
_
Structures
_
Change in business inventories
Durable goods.
Nondurable goods

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

977.1

1,055.5

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 1,272.0

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

795.6

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

132.8
59.7
54.4

263.8
52.8
130.0
22.2

278.7
57.0
136.6
23.5

299.9
62.3
145.3
25.5

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

330.3
69.3
158.1
28.8

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

332.6
47.1
113.3
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

198.2

131.7
100.6
36.1
64.4
31.2
30.7
4.5
4.3

147.1
104.4
37.9
66.5
42.7
42.2
6.1
4.5

172.3
118.2
41.7
76.5
54.0
53.5
6.0
5.6

130.5
101.0
36.1
64.9
29.5
29.2
4.9
4.7

133.2
102.8
36.4
66.5
30.4
29.9
6.0
5.8

132.3
98.5
36.5
62.0
33.8
33.1
5.1
4.9

138.5
101.4
37.0
64.4
37.1
36.6
7.0
5.8

145.0
103.6
37.6
66.0
41.5
41.0
7.6
6.3

149.5
104.7
38.4
66.3
44.8
44.1
4.3
2.4

155.6
108.0
38.5
69.5
47.5
46.9
5.3
3.5

165.8
114.0
41.0
73.1
51.8
51.2
1.7
1.4

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

193.7
134.1
47.2
86.9
59.6
59.1
4.5
4.4

3.6
62.9
59.3

66.3
65.5

-4.6
73.5
78.1

3.9
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
83.2

.0
89.7
89.7

2.8
97.2
94.4

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. 3
107.3
74.2
168.0

972.6
466.7
182.5
284.1
410.3
95.6

1,049.4
491.1
191.1
299.9
447.4
110.9

1,149.1
535.4
214.1
321.2
487.3
126.5

965.7
466.8
184.9
281.9
405.8
93.2

981.3
472.1
186.2
285.9
413.5
95.7

986.7 1,020.2 1,039.2 1,059.2 1,078.9 1,110.8 1,136.9 1,157.8 1,191.0 1,237.8 1,267.5
585.0
555.4
539.9
599.6
531.0
501.1
515.2
482.1
485.9
495.2
465.9
238.1
222.8
216.8
242.4
211.4
196.2
205.5
187.4
188.1
192.8
175.0
346.9
357.3
319.6 323.1 332.5
304.9
309.7
294.7
297.8
302.4
290.9
514.8
503.9
491.8
527.7
481.5
471.8
433.9
444.0
450.8 460.9
421.0
138.1
131.7
126.2
140.1
124.4
117.0
123.8
104.1
109.3
113.2
99.8

4.5
1.2
3.3

6.1
2.0
4.1

6.0
4.9
1.1

4.9
.2
4.6

6.0
5.2

5.1
-1.1
6.2

7.0
4.1
2.9

7.6
4.2
3.4

4.3
.7
3.7

5.3
-.9
6.2

1.7
.4
1.3

5.5
3.2
2.3

8.7
5.8
2.9

4.6
4.4
.3

8.2
10.4
-2.2

4.5
7.3
-2.8

GNP in constant (1958) dollars!

bil.$.

722.5

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

834.3

Personal consumption expenditures, total..do...

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

540.5

552.7

553.3

Durable goods
do...
Nondurable goods
..do...
Services
_
_do...
Gross private domestic investment, total...do
Fixed investment
do
Nonresidential
_
do...
Residential structures
do...
Change in business inventories
do...

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

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

116.2
228.0
209.1

103.4

110.3

122.'

103.5

105.4

102.1

110.3

109.5

114.8

116.5

121.0

124.8

129.1

117.0
228.8
207.0
130.2

99.5
77.2
22.2
3.9

105.0
76.1
29.0

5.3

118.3
83.7
34.6
4.6

99.1
78.3
20.8
4.4

100.5
78.6
21.8
4.9

97.6
73.5
24.1
4.5

103.8
75.5
28.3
6.5

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

126.9
91.5
35.3
3.4

Net exports of goods and services
...do.
Govt. purchases of goods and services, total, do...
Federal
do.

2.3

.4

-2.0

2.1

3.0

2.0

5.6

143.5
58.6
85.0

144.4
58.2
86.2

145.2
58.2
87.0

Gross national product, total!

138.4
139.3
143.0
138.0
139.1
64.3
60.9
60.8
62.4
64.5
State and local..
__do.
75.0
82.2
75.5
77.5
74.6
T
Revised.
v Preliminary.
f Revised series. Estimates of national income and product and personal income have been revised back to 1969 (see p. 14 ff. of the July 1973 SURVEY) ;
revisions prior to May 1972 for personal income appear on pp. 27-28 of the July 1973 SURVEY.




«• 2 1 0 . 2

189.9
106.6

100.7
74.8
25.9
5.8
-l.(
-.2
2.0
2.4
141.6
138.6
136.7
136.7
137.8
62.5
61.1
60.1
59.9
61.8
79.1
77.5
76.6
76.8
76.0
9 Includes data not shown separately.

-3.7

-2.8

-.9

142.7
63.0
79.7

144.0
62.9
81.1

141.8
58.8
83.0

S-l

130.2

1

SU-KV-til UJb (JUK±

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

BVl

September 1973

1971
Annual total

n

I

IV

1972

in

IV

I

II

1973
III

IV

I

in

II

IV

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT—Con.
Quarterly Data Seasonally Adjusted at Annual Rates
National income, totalf
bil. $..

859.4

941. 8

603.9

644.1

707. 1

610.6

627.6

...do
--do
do
do
do
do
do
do
do

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

800.5

do

Compensation of employees, totalf

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

7
2
0
2
1

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

69.2

80.1

91 1

65.9

13.6
55.6
27.8
17.3
10.5

15.2
64.9
32.5
17.8
14.7

17
73
40
20

5
6
1
0

20.2

14.2
51.7
23.7
17.5
6.3

7.8
20.1

8.6
23.9

9 3
24.2

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

808.3
116.6
691.7
635.5
56.2

865.6

882.7

911.0

928.3

949.2

978.6

661.2

684.3

699.6

713.1

731.2

757.4

774.9

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

666.7
525.1
20.9
120.7
90.8
80.6
56.3
24.3
24.7

682.3
538.7
20.5
123.1
92.6
81.5
57.1
24.4
24.6

75.8

80.5

80.9

83.4

86.2

88.0

91.5

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

'21.4
'86.5
52.4
23.9
28.5

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

24.1

9.9
25.7

9.2
25.6

8.5
25.6

98.0
42.7
55.4
26.0
29.3
-6.9
45.2

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

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

'128.9
'57.4
'71.6
27.3
'44.2
-21.1
49.4

863.5
117.5
746.0
685.8
60.2

939.2
142.2
797.0
747.2
49.7

822.9
115.7
707.2
646.6
60.6

840.0
112.6
727.4
668.3
59.2

859.5
115.5
744.0
680.6
63.5

870.2
118.1
752.0
691.8
60.2

884.4
124.0
760.4
702.6
57.8

910.8
138.0
772.8
720.0
52.9

926.1
140.7
785.4
739.5
45.9

943.7
142.8
800.9
755.1
45.8

976.1
147.4
828.7
774.3
54.4

996.6
145.1
851.5
801.5
50.0

1,019.0
149.3
869.7
818.7
51.0

79.71
31.95
15.80
16.15

81.21
29.99
14.15
15.84

88.44
31.35
15.64
15.72

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

24.73
'9.16
'4.65
'4.51

i 25.35
'9.48
'4.79
'4.68

11.00
5.70
5.30

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
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

10.99

13.06
.54
.47
.60

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

13.69
.63
.46
.52
.32
3.95
3.45

• 15.57
'.71
.46
' .72
'.43

3.83
3.20
.63
2.81
4.44

14.35
.59
.45
.56
.37
4.29
3.60
.69
2.84
5.26

15.83

3.11
2.70
.41
2.50
3.94

12.83
.55
.42
.39
.37
4.07
3.35
.71
2.62
4.42

15.87
'.74
.50
' .54
'.43
'5.16
'4.24
'.92

17.62
.76
.59
.56
.35
5.67
4.69
.98

do.
do.
_do.
do.

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

86.7 9
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.

47.66

48.86

51.56
2.23
1.72
1.68
1.48
15.87
13.56
2.30
10.73
17.85

56.70

2.04
1.46
1.29
1.33
14.64
12.16
2.48
10.70
17.39

51.50
2.03
1.88
2.28
1 40
14.91
12.61
2.30
11.21
17. 72

52.82

1.94
1.56
3.08
1.22
13.68
11.20
2.48
10.20
15.97

2.30
1.64
2 26
1.33
15.74
13.01
2.74
10.44
19.10

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
17.53
14.67
2.86
12.63
20.21

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 t
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...

Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing
Durable goods industries ^
Nondurable goods industries "
J
Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation
Public utilities
Electric
Gas and other
Communication
Commercial and other

_

853.6

648.8

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....

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

835.9

do.
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 unde
military grants)
mil. $
Merchandise, adjusted, excl. military
do...
Transfers under U.S. military agency sales con
tracts
mil. $
Receipts of income on U.S. investment;
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 th<
U.S
mil. $
Other services
do

1.89
1.78
3.03
1.23
13.14
10.65
2.49
10.10
16.59

62,9
41,S

66,287
42,768

20. 3

113.8
79
74
54
20
24

73,462
48,769

15,803
10,457

.49
.34
.34
.28

16,487
10,872

16,781
10,791

2,128

1,4:

1,912

1,166

429

12,899
8,710

13,925
9,601

2,850
2,067

3,315
2,168

-5,
-9,6

-65,480 -78,071 -15,099 -15,533 -16,650
-45,466 -55,681 -10,269 -10,743 -11,708
-4,829 -4,724 -1,203 -1,175 -1,214
-4,927 -6,063
-10,258 -11,604

-1,217
-2,410

-1,160
-2,455

3,630
954
Balance on goods and services, total
do__
807 r _4,610
704
2,1
129
Merchandise, adjusted, excl. military
do..
-2,698 -6,912
188
' Revised.
p Preliminary.
i Estimates (corrected for systematic biases) for JulySept, and Oct.-Dec. 1973 based on expected capital expenditures of business. Expected expenditures for
of
September 1973 SURVEY.
2 includes com the year 1973 appear on p. 19 on theS-1.
munication,
f See corresponding note
p.
9 Includes inventory valuation adjustment.
© Personal outlays comprise personal consumption expenditures, interest paid by
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

15,739
9,583
419

328

3,038
2,231

3,557
2,180

3,314
2,290

507

11,
8,0
-59,2*
-39,78
-4,8.

17,282
11,522

-1,135
-2,593

17,587
11,655

1,015.0 1,038.2

24.9

104.3 ' 107. 9

17,463
11,539

18,491
12,362

3,270
2,366

3,476
2,391

262

.47
.63
.40

4.74
4.01
.73
3.39
5.57

.50

2.87
4.94

'4.59
'3.91
'.68
3.27
'5.40

2 8.50

96.19 ' 97.76 1101.88 1104.36
38.18
39.05
35.51 ' 36.58
19.98
17.88 ' 18.64
19.52
19.08
17.63 ' 17.94
18.
65.30
63.70
61.18
2.94
2.59 ' 2 . 7 7
'3.00
1.75
2.16
2.11
2.05
2.21 '2.72
' 2 37
'1.62
1.33
1.53
'1.72
19. 84
20.96
18.38 r 18.08
16.76 17.26
15.40 ' 15.55
3.09
3.70
2.98 '2.52
12.70
12.34
21.53 ' 21.55 2 34.74 35.?

19,921 22,611 p 24,272
13,213 15,320 v 16,747
287

'343

M57

3,866 '4,158 v 4,236
2,555 ' 2,790 v 2,802

-17,002 -16,299 -18,961
-19,430 -20,791 -22,461 p-23,656
-11,907 -11,108 -13,475 -13,313 -13,935 -14,958 -16,28C p—16,977
-1,204 -1,237 -1,222 -1,242 -1,108 -1,151 -1,168 p-1,184
-1,293
-2,598

-1,340
-2,614

-1,423
-2,841

-1,479
-2,855

-1,526
-2,861

-1,634 '-1,849 p-2,195
-3,048 '-3,164 p-3,300

-560 -1,374 -1,426
-939
-870 r r 150
v 616
131
-385 -1,525 -1,820 -1,774 -1,573 -1,745 - 9 6 0 v - 2 3 0
-91
consumers, and personal transfer payments to foreigners.
§ Personal saving is excess of disposable income over personal outlays.
ifData for individual durable and nondurable goods industries components appear in tne
Mar., June, Sept., and Dec. issues of the SURVEY. tfMore complete details appear in tne
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