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SURVEY OF CURRENT BUSINESS

April 1968

NATIONAL INCOME AND PRODUCT TABLES
1966
1966

1967

1967

IV

II

1966

1968
III

IV

IP

1966

1967

1968

1967
II

IV

III

IV

Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

Billions of 1958 dollars

Billions of current dollars
Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
743. 3

785.0

762.1

766.3

775.1

791.2

807.3

827.3

652.6

669.3

661.1

660.7

664.7

672.0

679.6

465 9

491.7

473.8

480.2

489.7

495.3

501.8

517.8

418.0

430.1

420.4

424.2

430.6

431.5

70 3
207 5
188 1

72 1
217.5
202 1

70 6
210. 3
192 9

69 4
214.2
196 6

72 5
217.2
200 0

72 7
218. 5
204 1

73.8
220.3
207 7

77 9
228.0
9
ll 9

71 3
187.7
159 1

72.1
193.0
165 0

71.1
188.4
160 9

69.7
191. 8
162.6

72.9
193.6
164 1

72.7
192.8
166.0

73.0
193. 6
167.4

118 0

112.1

122.2

110 4

105.1

112 2

120.8

119.4

105 6

96.9

108.4

96.9

91.3

96.4

103.0

104 6

107 0

103 7

103.3

104 6

108 4

111.6

115.5

93 0

92.1

91.2

90.2

90.9

92.9

94.4

Nonresidential _
Structures.,
Producers' durable equipment

80 2
27.9
52 3

82 6
26 8
55 7

82 8
27 7
55 1

81 9
27 7
54 2

81 5
26 3
55 2

82 8
26 6
56 2

84.0
26.7
57 3

87 2
28.7
58 5

72 8
23 6
49 2

73.0
21.8
51 2

74 2
23.0
51 2

73.0
22.9
50 1

72 6
21.7
51 0

73.2
21.5
51.7

73.3
21.4
52.0

Residential structures.. _ __ _
Nonfarm
Farm... _.
_

24.4
23 8
.5

24 4
23 9
6

20.9
20 4
.5

21.4
20 9
6

23.1
22 5
6

25 6
25 0
*6

27.6
27 0
.6

28.3
27 8
.6

20 2
19 7
5

19.1
18.6
.5

17.0
16 5
.5

17.3
16.8
.5

18.3
17.8
.5

19.7
19.2
.4

21.0
20.6
.4

Change in business inventories
Nonfarm
_ _ •
Farm

13 4
13 7
— 3

52
48
4

18 5
19.0

71
73
— 2

5
6
_ i

38
34
4

92
7.7
15

39
3.0
9

12 6
12 9
— 3

48
4.4
4

17.2
17.7
— 5

6.7
6.8
— .2

.4
.5
i

3.5
3.2
.4

8.7
7.2
1.5

Net exports of goods and services.

51

4 8

43

53

5.3

54

3.0

2.6

4 4

3.6

3.2

4.1

4.1

4.2

1.9

43 0
37 9

45 3
40 6

44 0
39 7

45 3
39 9

45 1
39 8

45 6
40 2

45 4
42.4

47 6
44.9

40 8
36.4

42.5
38.9

41.2
38.0

42.4
38.3

42.3
38.2

42.8
38.6

689.7

434.0

42.5
40.7

Gross national product - _ -

-

Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment _ _

Exports
Imports

__

154 3

176 3

161 7

170 4

175.0

178 2

181 7

187.5

124 5

138.7

129 1

135.5

138.7

139.9

140.7

Federal.
National defense
Other.

77 0
60 5
16 5

89 9
72*5
17 4

81 5
65 6
15 9

87 1
70 2
16 8

89 5
72 5
17 0

90 9
73 3
17 6

92 2
74 2
18 0

95 7
76 6
19.1

64 7

74 1

67 8

72.3

74 4

75 1

74.7

S tate and local

77 2

86 4

80 2

83 3

85 4

87 4

89 5

91 0

59 9

64 6

61 3

63.2

64 3

64.9

66.0

Government purchases of goods and services

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
Gross national product-

743.3

Final sales
Change in business inventories
Goods output

729 9
13.4

785.0

762 1

766 3

775.1

791 2

779 8
52

743 6
18.5

759 2
7.1

774 6
5

787 4
38

392 1

807.3 827 3
798 1
9.2

9

652.6

669.3

834
3.9

639 9
12.6

664 5
4.8

39

661.1
643 9
17.2

660.7

664.7

672.0

679.6

654 0
6.7

664 3
.4

668.5
3.5

671.0
8.7

379 6

396 0

391 7

388 1

398 7

405 2

353 7

361.4

361.1

356.6

359.5

362.9

366.5

Final sales.
Change in business inventories

366 2
13 4

390 8
52

373 2
18 5

380 9 391 6 394 9
5
71
38

396 0
92

341 0
12 6

356 6
4.8

343 9
17 2

349.9
6.7

359 1
.4

359.4
3.5

357.8
8.7

Durablegoods
_
„__
Final sales.
Change in business inventories

154 6
144 7
99

158 5
155 7
2 7

161 1
148 3
12 8

153 9
150 5
34

155 5
156 0
— 6

163 1
158 6
45

150 0
140 6
93

150 2
147.8
24

154 2
142.3
11 9

146.6
143.6
3.0

148 3
148.9
— 6

153.0
149. 8
3.2

152.9
148.8
4.1

Nondurable goods.
Final sales
__
„
C h ange in business inventories _ . .

225 0
221 5
35

237 5
235 1
25

230 6
224 9
57

234 2
230 5
37

236 6 237 3 242 1
235 5 237 0 237 4
3
11
4 7

203 7
200 4
3.3

211 2
208 8
2.4

206 9
201.6
5.3

210.0
206.3
3.6

211 2
210.2
1.0

209.8
209.5
.3

213.6
209.0
4.6

287 2

311 2

296 9

303 1

307 8

313 5

320 3

235 2

245 8

239 8

242 7

244 4

246 9

249.2

76 5

77 8

73 5

75 2

75 2

79 0

81 8

63 7

62 1

60 2

61.3

60.8

62.3

64.0

664.7

672.0

679.6
619.6

689.7

Services

_____

Structures

161 4
157 9
35

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product
Private

762 1

766 3

775 1

791 2

807 3

827 3

652 6

669 3

661 1

660 7

Rest of the world.

699 6

681 9

683 9

690 9

705 2

718 7

597 5

610 2

604 2

602 7

606 0

612 5

642 4
617 6
24 8

Households and institutions

3

785 0

666 7

Business
Nonfarm
Farm

General government

743 3

673 6
649 6
24 0

656 9
633 0
23 9

658 7
635 1
23 6

665 3
641 9
23 3

679 0
654 6
24 4

691 4
666 6
24 8

578-9
556 4
22 4

590 5
566 4
24 1

585 1
562 7
22 4

583.6
559 9
23 7

586.6
563 0
23 6

592.7
568.4
24.2

599.2
574.4
24.7

20 1

21 5

20 6

21 1

91 4

21 2

22 1

14 7

15 3

14 9

15 1

15 3

15.0

15.6

4 2

._..

Preliminary.




4 6

44

41

4 2

49

51

40

4 4

43

4.0

4.0

[4.8

4.9

76 6

85 3

80 2

82 5

84 2

86 0

88 6

55 0

59 1

56 9

57 9

58.7

59.6

60.0

689.7

CURRENT BUSINESS STATISTICS

JLHE STATISTICS here update series published in the 1967 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.50) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1963 through 1966 (1956-66 for major quarterly series), annually, 1939-66; for selected series,
monthly or quarterly, 1947-66 (where available). Series added or significantly revised after the 1967 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (f), respectively; certain revisions for 1966 issued too late for inclusion in the 1967 volume appear in the monthly
SURVEY beginning with the September 1967 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding
to revised annual data are available upon request.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided through
fche courtesy of the compilers, and are subject to their copyrights.
1965
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS

1966

1967

I

Annual total

II

1967

1966

1965

III | IV

•i | n

III

| IV

I

II

1968
III

IV

I*

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
bil. $

683.9

743.3

785.0

662.7

675.4

690.0

708.4

725.9

736.7

748 8

762 1

766 3

775 1

791.2

807.3

827.3

do

433.1

465.9

491.7

420.2

428.1

436.4

447.8

458.2

461.6

470.1

473.8

480.2

489.7

495.3

501.8

517.8

Durable goods, total 9 _ _ _ do
Automobiles and parts
do
Furniture and household equipment.—— do

66.0
29.9
27.0

70.3
29.8
29.9

72.1
29.3
32.0

65.2
30.4
25.8

64.2
29.2
26.1

66.1
29.8
27.3

68.6
30.3
28.9

71.6
31.4
29.4

68.2
28.5
29.1

70.9
29.8
30.6

70.6
29.6
30.6

69 4
27.3
31.4

72 5
29.7
31.9

72.7
29.9
32.1

73.8
30.1
32.6

77.9
33.1
33.9

do
do
__do_ __
do

191 2
36.1
99.0
15 1

207 5
40.3
106. 7
16 2

217 5
42.8
110.6
17 5

184 6
34.6
95.6
14 3

189 8
35.6
98.3
15 1

192 4
36.2
99.4
15 3

198 0
37.8
102.5
15 7

203 2
39.5
105.2
15 8

207 1
39 8
107.0
16 2

209 5
41 0
107.3
16 3

210 3
40 8
107.2
16 6

214 2
41 5
109 3
17 1

217 2
43 2
110 1
17 5

218.5
43.7
110.9
17.5

220 3
43.1
112.2
17 8

228.0
45.0
115.7
18.3

do
_do
do_ _
do

175 9
25.7
63.6
12 6

188 1
27.0
67.1
13 6

202 1
28.2
71.3
14 7

170 4
24 7
61.9
12 0

174
25
63
12

2
5
2
5

177 8
26 1
64.2
12 8

181 2
26 5
65.3
13 1

183 5
26 1
66.2
13 2

186 3
26 9
66.5
13 5

189 8
27 4
67 4
13 7

192 9
27 7
68.5
14 0

196 6
27 8
69 6
14 4

200 0
28 1
70 6
14 6

204.1
28.1
71.9
14.8

207 7
28 8
73.3
15 1

211.9
29.1
74.9
15.4

do_ __

107,4

118.0

112.1

105.1

105.1

108.2

112.3

115.2

118.5

116 4

122.2

110 4

105 1

112.2

120.8

119.4

111.6
84 0
26 7
57.3
27.6
27 0
9 2
7.7

115.5
87.2
28.7
58.5
28.3
27.8
3.9
3.0

Gross national product, total
Personal consumption expenditures, total

Nondurable goods, total 9
Clothing and shoes
.,
Food and beverages
__
Gasoline and oil
Services total 9
Household operation _
Housing
Transportation

_ _ _ _

_

Gross private domestic investment, total
Fixed investment
Nonresident ial
Structures
- Producers' durable equipment.
Residential structures. _ _ _
Nonfarm
Change in business inventories
Nonfarm __ _

_ _ _do_
do
do
_do_
do
do
-do_ __
do

98 0
71 1
25 1
46 0
27.0
26 4
9.4
8.4

104.6
80 2
27 9
52.3
24.4
23 8
13.4
13.7

107.0
82 6
26 8
55.7
24.4
23 9
52
4.8

94 4
67 3
23 1
44.1
27.2
26 6
10 6
10.1

96 3
69 3
24 7
44 6
27.0
26 5
88
7.9

98 8
71 9
25 1
46 8
26.9
26 4
94
7.9

102 4
75 7
27 3
48 3
26.8
26 2
9.9
8.7

105 3
78 3
28 3
50 0
27.0
26 5
99
9.6

104 5
78 7
27 5
51.2
25.8
25 3
14.0
14.4

104 9
81 2
28 2
53 1
23.7
23 2
11 4
12.0

103 7
82 8
27 7
55.1
20.9
20 4
18.5
19.0

103 3
81 9
27 7
54 2
21.4
20 9
71
7.3

104 6
81 5
26 3
55 2
23.1
22 5
.5
.6

108.4
82.8
26.6
56.2
25.6
25.0
3.8
3.4

do.
do
do

6.9
39.1
32 2

5.1
43.0
37 9

48
45.3
40 6

6.1
35.1
28 9

8.2
40.7
32 6

7.4
40.3
32 9

61
40 5
34 4

61
42.0
36 0

5.4
42.5
37 1

46
43.7
39 0

4.3
44.0
39 7

53
45.3
39 9

5.3
45.1
39 8

5.4
45.6
40.2

30
45.4
42 4

2.6
47.6
44.9

Govt. purchases of goods and services, total. .do
Federal
_ _ _ _ _ _ _ _
do_
National defense
do
State and local
_
do

136.4
66.8
50.1
69 6

154.3
77.0
60.5
77.2

176.3
89 9
72.5
86 4

131.3
64.3
48.4
66 9

133.9
65.4
49.2
68.6

138.1
67.6
50.3
70 4

142.3
69 8
52 4
72 5

146.5
72.1
55.1
74 3

151.2
74.9
58.4
76.2

157.7
79 5
63.0
78 1

161.7
81 5
65.6
80 2

170.4
87.1
70.2
83 3

175.0
89.5
72.5
85.4

178.2
90.9
73.3
87.4

181.7
92 2
74.2
89 5

187.5
95.7
76 6
91.9

By major type of product:
Final sales, total
Goods, total _ _ _ _ _
Durable goods
Nondurable goods
Services
Structures

do
do
do
do
do
do

674 5
337 2
132.8
204.4
262 9
74.4

729 9
366 2
144.7
221.5
287 2
76.5

779 8
390 8
155.7
235 1
311 2
77 8

652 0
325 9
129.6
196 3
254 6
71 6

666.5
332 8
130.0
202.9
260 1
73.6

680 6
340 2
133.9
206.3
266 0
74.4

698 5
349 9
137 9
212 0
271 0
77 6

716 0
359 6
143 2
216 4
276 6
79 9

722.6
361 7
141.6
220 1
283 5
77.4

737.4
370 3
145 8
224 5
291 6
75 5

743 6
373 2
148 3
224 9
296 9
73 5

759 2
380 9
150 5
230 5
303 1
75 2

774.6
391 6
156.0
235. 5
307.8
75.2

787.4
394.9
157.9
237.0
313. 5
79.0

798.1
396 0
158 6
237 4
320 3
81 8

823.4

do
do
do

9.4
6.7
27

13.4
9.9
35

5.2
27
25

10.6
87
20

8.8
7.0
18

9.4
71
23

9.9
50
49

9.9
74
2 5

14.0
97
4 3

11.4
99
15

18.5
12 8
57

7.1
34
37

.5
—.6
1.1

3.8
3.5
.3

92
45
4 7

3.9

689.7

Net exports of goods and services
Exports
Imports

_-

_
_

Change in business inventories
Durable goods. _ _ _ _ _
Nondurable goods
GNP in constant (1958) dollars
Gross national product, total

____bil. $__

Personal consumption expenditures, total
Durable goods
Nondurable goods
Services. _ _ _ _ _
Gross private domestic investment, total

616.7

652.6

669.3

601.5

609.7

620.7

634.4

645.4

649.3

654.8

661. 1

660.7

664.7

672.0

679.6

do

398 4

418 0

430 1

389 1

394 1

400 7

409 9

416 2

415 2

420 4

420 4

424 2

430.6

431.5

434 0

_ do
do
do

66.4
178 9
153 2

71.3
187 7
159.1

72.1
193 0
165 0

65.0
174 7
149 4

64.1
178 0
152 0

66.8
179 3
154.6

69.5
183 6
156.8

73.0
185 8
157.3

69.3
187 7
158.2

71.9
188 8
159.8

71.1
188.4
160.9

69.7
191 8
162 6

72.9
193.6
164.1

72.7
192.8
166.0

73.0
193.6
167.4

do

98 0

105 6

96 9

95 9

95 9

98 3

101 6

104 0

106 5

103 6

108 4

96 9

91.3

96.4

103.0

Fixed investment
Nonresidential
Residential structures
Change in business inventories

do
do
do
do

89.1
66 0
23 2
88

93.0
72 8
20 2
12 6

92.1
73 0
19 1
48

86 6
62 9
23 7
93

87 9
64 5
23 4
80

89 6
66 7
23 0
87

92.4
69 7
22 6
92

94.5
71 8
22 8
95

93.1
71 7
21 4
13 4

93.0
73 6
19 4
10 6

91.2
74 2
17.0
17 2

90.2
73 0
17.3
67

90.9
72.6
18.3
.4

92.9
73.2
19.7
3.5

94.4
73.3
21.0
87

Net exports of goods and services

do

60

44

36

52

68

6 4

56

54

48

41

32

41

4.1

4.2

19

126 6
66 4
60.1

129 1
67.8
61.3

135 5
72.3
63.2

138 7
74.4
64.3

139 9
75.1
64.9

140 7
74.7
66.0

Govt. purchases of goods and services total do
114 3
124 5 138 7
Federal
_
'
do
74 1
57 8
64 7
State and local
do
56.4
59.9
64.6
r
Revised.
* Preliminary.
9 Includes data not shown separately.

293-992 O
 - 68 - 3


111 3
56 3

55! o

112 9
57 1
55.8

115 3
58 5
56.7

117 4
59 3
58.0

119 9
61 2
58.7

122 7
63 4
59.4

SURVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS

1965

| 1966 _ | 1967
Annual total

III

IV

I

II

1968

1967

1966

1965

II

April 1968

III

IV

I

II

IV

III

IP

II

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

562.4

do

National income total

393.9

Compensation of employees total

616.7

••650.2

555.3

566.5

582.8

600.3

610.4

622.1

634.1

636.4

641.6

653.4

408.4

420.8

430.7

441.2

450.2

459. 1

463.4

472.6

r

669. 3

435.7

469.7

388.6

397.2

483.6

497.5

354.2
286.2
11.7
56.3
34.5

362.0
292.1
12.1
57.8
35.2

372.4
300.0
13.1
59.4
36.0

381.3
306.9
13.6
60.7
39.5

390.2
313.8
14.2
62.2
40.5

399.6
320.1
15.1
64.3
41.6

407.4
326.1
15.8
65.6
42. 7

414.7
331.4
16.1
67.3
44.4

418.3
333.2
16.2
68.9
45.2

426.2
339.4
16.3
70.6
46.4

435.9
346.2
17.3
72.5
47.6

447.5
355.8
17.6
74.0
50.0
59.9
44.4
15.5
20.6

do
do
do
do
do

Proprietors' income, total 9
Business and professional 9
Farm
_ _
Rental income of persons

359.1
289. 8
12.1
57.1
34.9

394.6
316.7
14.7
63.2
41.1

do
do
do
do

Wages and salaries total
Private
Military Government civilian
Supplements to wages and salaries

423.8
337.5
16.4
69.8
45.9

56.7
41.9
14.8
19.0

59.3
43.2
16.1
19.4

58.4
43.6
14.8
20.1

56.7
41.7
15.0
18.9

57.2
42.0
15.2
19.1

57.8
42.5
15.3
19.2

60.0
42.8
17.1
19.2

59.3
43.3
16. 0
19.3

59.2
43.3
15.9
19.4

58.6
43.4
15.1
19.6

57.8
43.2
14.6
19.8

57.8
43.4
14.3
20.0

58.8
43.8
15.0
20.2

59.3
44.1
15.2
20.4

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

74.9

82.2

' 79. 6

73.4

74.9

78.7

81.1

81.3

81.9

84.6

78.1

78.3

79.2

' 82. 7

8.4
66.5
38.7
16.5
22.2

9.3
72.9
43. 1
18.7
24.4

9.7
'69.9
'39.3
'18.0
21.3

8.4
65.0
37.7
16.0
21.6

8.4
66.5
38.6
16.5
22.1

8.6
70.0
41.0
17.4
23.7

8.9
72.2
42.7
18.3
24.3

9.0
72.2
42.5
18.5
24.0

9.5
72.4
42.7
18. 8
23.9

9.6
75.0
44.4
19.2
25.3

9.6
68.5
39.6
18.4
21.1

9.5
68.8
38.9
17.8
21.1

9.6
69.6
38.2
17.7
20.5

10.0
'72.7
40.6
18.3
22.4

11.2
16.6

11.9
18.0

12.0
'18.6

10.9
16.5

11.2
16.7

12.0
17.0

11.7
17.8

12.0
17.8

11.8
17.9

12.0
18.6

11.7
17.3

11.9
18.0

12.1
19.3

12.3
19.8

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

76.6
31.4
45.2
19.8
25.4
-1.7
17.9

83.8
34.5
49.3
21.5
27.8
-1.6
20.2

'80.7
33.2
'47.5
22.8
'24.7
-1.2
22.4

75.6
30.9
44.6
19.4
25.2
-2.1
17.6

75.8
31.1
44.8
20.2
24.6
-.9
18.2

80.8
33.1
47.7
20.9
26.8
-2.2
18.8

83.7
34.5
49.2
21.4
27.8
-2.6
19.3

83.6
34.5
49.2
21.6
27.6
-2.3
19.8

84.0
34.6
49.4
21.6
27.8
-2.2
20.4

83.9
34.6
49.3
21.2
28.2
.7
21.1

79.0
32.5
46.5
22.2
24.2
-.8
21.6

78.9
32.5
46.5
23.1
23.4
-.7
22.1

80.0
32.9
47.1
23.4
23.6
-.8
22.7

'85.1
'35.0
'50.1
22.4
'27.6
-2.3
23.3

-4.7
23.9

bil $
do
do
do
do

537.8
65.6
472.2
445.0
27.2

584.0
75.2
508.8
479.0
29.8

626.4
81.7
544.7
505.9
38.7

530.1
66.1
464.0
439.9
24.0

544.6
65.2
479.4
448.5
30.9

556.1
66.7
489.4
460.1
29.3

567.8
70.4
497.5
470.9
26.6

577.3
74.1
503. 3
474.6
28.7

589.3
76.9
512.4
483. 2
29.2

601.6
79.6
522. 0
487.4
34.6

612.9
80.2
532. 7
493.9
38.8

619.1
79.1
540. 0
504.0
36.0

631.0
82.8
548.2
509.6
38.5

642.5
84.7
557.9
516.2
41.6

658.7
87.1
571.7
532. 6
39.1

bil. $
do
do
do

51.96
22.45
11.40
11.05

60.63
26.99
13.99
13.00

61.66
26.69
13.70
13.00

12.81
5.47
2.76
2.70

13.41
5.73
2.91
2.82

14.95
6.72
3.48
3.24

12.77
5,61
2.87
2.74

15.29
6.78
3.51
3.27

15.57
6.84
3.54
3.30

17.00
7.75
4.07
3.68

13.59
6.10
3.08
3.02

15.61
6.81
3.46
3.34

15.40
6.48
3.33
3.15

17.05
7.30
3.82
3.48

i 14.26 216.31
6.14
7.08
3.17
3.66
3.41
2.97

1.30
1.73
2.81
6.94
4.94
11.79

1.47
1.9S
3.44
8.41
5.62
12.74

1.42
1.53
3.88
9.88
5.91
12.34

.33
.44
.77
1.71
1.24
2.85

.32
.44
.72
1.88
1.22
3.10

.35
.46
.73
2.04
1.41
3.25

.33
.40
.75
1.60
1.26
2.83

.40
.55
1.00
2.09
1.42
3.06

.37
.48
.82
2.36
1.36
3.33

.38
.55
.86
2.36
1.58
3.52

,32
.41
.70
1.84
1.35
2.87

.34
.41
1.12
2.46
1.49
2.99

.37
.35
.98
2.66
1.46
3.09

.39
.36
1.07
2.92
1.62
3.39

50.35
21.55
10.80
10.70

52.75
23.00
11.75
11.25

55.35
24.15
12.45
11.70

58.00
25.60
13.15
12.45

60.10
26.80
13.85
12.95

61.25
27.55
14.35
13.20

62.80
27.75
14.50
13.25

61. 65
27.85
14.20
13.70

61.50
27.00
13.75
13.25

60.90
26.15
13.50
12.65

62.70
26.00
13.50
12.55

1.30
1.55
2.70
6.85
4.80
11.60

1.25
1.70
3.00
6.75
5.05
11.95

1.35
1.95
3.00
7.30
5.30
12.25

1.40
1.75
3.30
8.25
5.35
12.35

1.55
2.00
3.50
8.30
5.50
12.45

1.45
1.85
3.40
8.55
5.60
12.85

1.45
2.35
3.50
8.50
5.95
13.30

1.40
1.80
3.05
9.20
5.75
12. 55

1.30
1.55
3.90
9.70
5.80
12.25

1.45
1.40
4.10
9.80
6.05
11.95

1.50
1.40
4.45
10.65
6.05
12.65

10, 180
6,880
192
1,562
1,546

10,080
6,811
230
1,474
1,565

10, 119
6,925
212
1,353
1,629

10, 511
7,203
209
1,469
1,630

10,618
7,181
222
1,535
1,680

10, 913
7,382
206
1,587
1,738

10,997
7,402
210
1,654
1,731

11,352
7, 671
339
1,575
1,767

11,353
7,712
336
1,545
1,760

11, 530
7,626
237
1,842
1,825

Pll,458
*7,454
*360
* 1, 823
P 1, 821

Imports of goods and services
do
-32, 203 -37,937 p-40,893 -8, 139 -8, 233
Merchandise, adjusted, excl. military
_ _ _ d o -21,472 -25, 510 p-26,980 -5, 475 —5,556
-754
Military expenditures
do
-711
-2, 921 -3,694 p-4,319
-435
—424
Income on foreign investments in the U.S_-do
-2,074 *~2, 277
-1, 729
Other services
do
-6,081 -6, 659 *-7,317 -1, 529 -1,488
Unilateral transfers, net (excl. military grants);
-725
transfers to foreigners C )
mil $ -2, 824 -2, 925 p-3,049
-775
r
Revised.
» Preliminary.
1
Estimates for Jan.-Mar. 1968 based on anticipated capital expendit ures of bt siness.
2 Estimates for Apr.-June 1968 based on antici]Dated ca pital exp snditures of busirless,
Anticipated expenditures for the year 1968 are as foll< (in b l.$):Alliiidustries, 65.23; mjmu>ws
facturing, total, 27.93; durable goods industries, 14 39; nond urable g oods indiistries, 11J.54;
mining, 1.58; railroad, 1.27; transportation, 4.51; put)lic utilit ies, 10.88; commun i cation, (>.45;
commercial and other, 12.60.
3 Includes commun] cation.
9 Includes inventory valuation adjustment.

-8, 599
-5,772
-785
-469
-1, 573

-8,997 -9,265
-6,025 -6, 225
-861
-911
-471
-475
-1,636 -1,658

-9, 762
-6, 580
-953
-565
-1, 664

-9,913
-6,680
-969
-563
-1, 701

-9,999
-6,662
-1,045
-557
— 1, 735

-10,033
-6, 558
-1,070
-547
-1,858

-10,122
-6,549
-1,094
-585
-1,894

p-10,73
p-7,21
p-1.11
p-58
p-1,83

DISPOSITION OF PERSONAL

23.2

INCOME

Quarterly Data Seasonally Adjusted at Annual Rates
Personal income total
Less: Personal tax and nontax payments
Equals: Disposable personal income
Less: Personal outlays©
Equals* Personal saving§
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
Manufacturing
Durable goods industries^. _
Nondurable goods industries^- _._
Mining
_
Railroad Transportation, other than rail
Public utilities
Communication
Commercial and other
Seas. adj. qtrly. totals at annual rates:
All industries _ •
- - _ _
Manufacturing^.
Durable goods industries^—.Nondurable goods industries^
Mining _ _ _ _
_
Railroad.
Transportation, other than rail
Public utilities
_
Communication,
Commercial and other

do
do
do
do
do
_ _ _ do
do
_ do_ _
do
do
do
do>
do
_do— .
do
do

.35
.33
.92
2.25

.41
.30
1.11
2.78

34.27

34.62

1 64. 80 264.30
28.10
28. 00
14.55
14.60
13.40
13.55
1. 55
1.45
4.00
11. 25

1.60
1.15
3.90
10.95

3 18. 55 3 18. 60

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
.Military sales
do._
Income on U.S. investments abroad
___do
Other services
do




39,147
26,244
844
5,888
6,171

43, 039 *45,693
29, 168 v 30, 463
847 p 1, 272
6,245 *6,785
6,779 p 7, 173

p-62
-849
-852
-728
-632
-709
-733
-851
-660
©P ersonal Dutlays c omprise personal consum ption ex penditur es, inter sst paid by consume rs, and personal t ransfer p ayments to foreigiaers.
§P€ rsonal sa ving is e xcess of d isposabl(j income over per sonal out lays,
1fD ata for itidividual durable and noridurable goods industries compone nts appear in the
Mar., June, Se pt., and Dec. issu es of the SURVEY
£ar.
&blore complete det£ills are gri7en in th(} quarter y review s in the ft , June, Sept., and Dec.
issues of the S URVEY.

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