Full text of The National Income and Product Account : Third Quarter 1951

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BUSINESS STATISTICS

Wlontki

J. HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1951 Statistical Supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $1.50) contains monthly data for the years 1947 to 1950, 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 1947. Series
added or revised since publication of the 1951 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 October 1951 for selected series will be found in the Weekly Supplement to the SURVEY.
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

1951

1950

October

Novem-

Decem-

ber

ber

January

Febru-

ary

March

April

May

June

July

August

Septem-

ber

October

GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates:
National income, total
bil. of dol

260.1
165 2
157.2
132.7
6.6
17 9

269.4
172 1
163.6
137 1

274.3
177.4
168.8
140 5

47.2
23 0
15.8
8.4

18.8
8.5
48.8
24 1
16.4
8.3

8 7
48. 1
23 6
' 16.3
8.2

42 2
50.3
22 5
27.8
-8.2
5.6

42 9
51.8
31 1
20.7
-8.9
5.6

43 0
45.4
27 0
IS. 4
-2.3
5.7

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

303.7
198.4
29.4
104.9
64.0
60.2
23.3
25.0
11.8
-2.7

319.0
208.2
31.5
111.5
65.2
60.1
23.9
25.9
10.3
-2.7

327.8
201 7
25.9
109.5
66.2
65.6
22.5
27.2
15.9
.0

327.6
202.5
25.3
110.0
67.2
55.7
21.5
28.1

47.8
27.3
20.4

53.4
32.3
21.1

60.4
38.9
21.4

68.2
46.6
21.6

Personal income, total
Less' Personal tax and nontax payments
Equals* Disposable personal income
Personal saving §

238.3
23.1
215 2
16.8

244.1
27.4
216.8
8.5

249.9
28.0
221 8
20.1

253.2
28.4
224.7
22.2

Wages and salaries, total
do
Private
do
Military
do
Government civilian
do
Supplements to wages and salaries
do
Proprietors' and rental income, total cf
do
Business and professionalcf
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
Inventory valuation adjustment
do
Net interest
do

7.8

7.9

do
do
do
do

180.4
171.9
141.1
8.8
49.1
23.4
17.3

8.4

'2.8
5.8

6.1
1.2

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
do
Distributive industries
._ _ _
do
Service industries
do
Government _ _
_. _ _ do_
Less employee contributions for social insurance
___ _ _ _ _ _ _
_ . _bil. o f d o L Other labor income _
.
do
Proprietors' and rental income
do
Personal interest income and dividends, .do
Total transfer payments
_ _
do
Total nonagricultural income

do

234.1
152.4
155.6
69.3
43.1
19.3
23.9

236.4
154.2
157.3
69.9
43.2
19.5
24.7

244.4
155.9
158.9
70.8
43.6
19.6
24.9

243.6
158.0
161.6
71.7
44.3
19.9
25.7

243.3
160.0
163.4
72.4
44.5
19.8
26.7

245.5
162.2
165.9
73.7
44.9
20.0
27.3

249.0
164.8
168.2
75.0
45.3
20.1
27.8

249.8
165.1
168.8
74.6
45.6
20.2
28.4

251.0
166.4
169.9
75.2
45.6
20.3
28.8

252.4
167.1
170.6
74.8
46.0
20.3
29.5

253.7
167.4
170.8
74.5
46.2
20.3
29.8

*r 253. 6
168. 3
' 171. 7
'75.0
'46.4
20.3
r
30.0

257.5
169.9
173.5
74.9
46.6
20.5
31.5

3.2
3.6
46.3
19.7
12.1

3.1
3.7
47.2
19.5
11.8

3.0
3.7
48.1
25.0
11.7

3.6
3.7
50.5
18.8
12.6

3.4
3.8
48.2
19.2
12.1

3.7
3.8
47.7
19.7
12.1

3.4
3.8
48.1
20.2
12.1

3.7
3.8
48.0
20.2
12.7

3.5
3.8
48.0
20.0
12.8

3.5
3.8
49.2
19.7
12.6

3.4
3.8
49.7
20.1
12.7

3.4
3.8
'48. 3
20.7
12.5

3.6
3.8
50.2
20.8
12.8

214.3

215.5

223.4

221.4

222.9

225.2*

227.8

229.0

230.1

230.1

231.3

' 232. 1

234.5

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

mil. of dol
do
_ do
do
._
do
do
__.do. __

••5,517
r 2, 474
'198
'320
'145
••935
r
1, 445

f 4, 863
' 2, 154 *
'183
'303
'125
T
753
r
1, 345

r 5, 913
' 2, 802
'203
'412
'136
'893
' 1, 467

r

5, 844
' 2, 841
r
!99
'377
r
120
' 933
' 1, 374

r

Revised.
cflncludes inventory valuation adjustment.
§Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.
fData have been revised beginning 1945; revisions prior to the last quarter of 1950 are shown on pp. 16 and 20 of this issue of the SURVEY. Minor changes in the nonmanufacturing
components are due to change in method of rounding.




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