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* BUSINESS STATISTICS Wlontki JL 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 (t), 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 November 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 1950 November 1951 December January February March April May July June August September October j Nob™m- GENERAL BUSINESS INDICATORS NATIONAL INCOME AND PRODUCT Seasonally adjusted quarterly totals at annual rates: National income total bil of dol Compensation of employees total do Wa^es and salaries total do Private do IVTilitary do Government civilian do Supplements to wages and salaries do Proprietors' and rental income, totalcf do Business and prof essional o71 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 . 277.9 180.4 171.6 141.1 260.1 165 2 157 2 132.7 6 6 17.9 7 9 47.2 23 0 15.8 269.4 172 1 163.6 137.1 8.5 8.7 48.8 24.1 16.4 48.1 23.6 16.3 8.3 8.2 49. 1 23.4 17.3 42.2 50.3 22.5 27.8 -8.2 42.9 51.8 31 1 20.7 -8.9 43.0 45.4 27 0 18.4 —2.3 42.6 39.8 23 7 16. 1 5.7 2.8 5.8 274.3 177 4 168.8 140.5 7.8 18.8 8.4 5.6 5.6 r 8.8 8.4 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 15.9 327.6 202 5 25.3 110.0 67.2 55. 7 21 5 28. 1 6. 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 do Less' Personal tax and nontax payments do Equals' Disposable personal income do Personal saving § _ __do 238. 3 23.1 215. 2 16.8 244. 1 27.4 216.8 249.9 28.0 221.8 20.1 253 2 28. 4 224 7 22.2 1.2 .0 8.5 PERSONAL INCOME, BY SOURCE Seasonally adjusted, at annual rates: Total personal income bil. of dol Wai T e 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. of dol Other labor income do Proprietors' and rental income do Personal interest income and dividends. _do Total transfer payments do Total nonagricultural income do 236.4 1 54. 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 8 253 6 168 3 171.7 75.0 46 4 20 3 30 0 3.1 3.7 3.0 3.7 3.6 3.7 3.4 3.7 3.8 3.4 3.5 38 48 0 20. 0 12 8 3 5 38 49 2 19.7 12 6 3 4 38 49 7 20.1 12 7 34 38 48 3 20.7 12 5 r 50 5 20.8 r 12 9 36 39 49 1 20.7 12 6 230 1 230 1 231 3 232 1 234 5 235 1 47.2 19.5 11.8 48.1 25.0 11.7 50 5 18.8 12.6 38 48 2 19.2 12 1 47.7 19.7 12.1 38 48 1 20.2 12 1 37 38 48 0 20.2 12 7 215.5 223. 4 221 4 222 9 225. 2 227 8 229 0 257 5 T 169 5 173. 1 r 75. 1 r r 4(5 ] r 2Q 4 31 5 36 Q Q 256 7 170 4 174.0 75.0 46 0 20 5 32 5 NEW PLANT AND EQUIPMENT EXPENDITURES All industries, quarterly total t Manufacturingt Mining __ _ Railroad _ Other transportation Electric and gas utilities Commercial and miscellaneous - mil. of doL ... __do _ do _,_ -do. _ _-do do. _ do. _ _ 5,517 2,474 198 320 145 935 1,445 4, 863 2, 154 183 303 125 753 1,345 5 913 2 802 203 412 136 893 1,467 i 5 505 i 3 345 i 2^1 i 472 i 135 i i Q75 i l! 257 5 844 2 841 199 377 120 933 1.374 r l Revised. Estimates for October-December 1951, based on anticipated capital expenditures of business. c?Includes inventory valuation adjustment. IPersonal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above. {Data have been revised beginning 1945; revisions prior to the last quarter of 1950 are shown on pp. 16 and 20 of the December 1951 SURVEY. S-l