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BUSINESS STATISTICS
A 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.
Monthly averages for 1951 are shown in the March 1952 Survey of Current Business.
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

Data subsequent to February 1952 for selected

1952

1951

Febru-

ary

March

April

May

June

July

August

September

October | Noh™m-

December

January

February

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
"VV'i^es and salaries total
do
"Private
(Jo
Military
do
Government civilian
do
Supplements to wages and salaries
do
Proprietors' and rental income, totaled do

269 4
172.1
163 6
137 1
7.8
18 8
8.5
48.8
24 1
16.4
83

274.3
177.5
168 9
140.6
8.9
19.4
8.7
48.1
23 6
16.3
8.2

278.0
180.6
171 7
141.3

281.2
182.0
173 1
142.0

8.9
49.1
23 4
17.3
8.4

8.9
49.8
23 6
17.6
8.5

42 9
51 8
31.1
20.7
—8.9
5.6

43.0
45 4
27.0
18.4
—2.3
5.7

42.6
39 8
23.7
16. 1
2.8
5.8

43.6
41 1
24.5
16.7
2.5
5.8

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

319.5
208. 8
31.3
112.1
65.4
60.2
23.8
25.9
10.6
-2.7

328.2
202.4
25,9
110.1
66. 5
65.6
22.7
27.2
15.8
—.1

329.5
204.0
25.2
111.5
67.3
56.6
21.6
27.0
8.0
1.2

334.6
206. 7
25. 0
113.0
68.1
54. 6
20.7
29.0
4.9
2.5

53.2
32.2
21.0

60.3
38.9
21.3

67.7
46.2
21.4

70.7
49.0
21.7

Personal income, total
Loss: Personal tax and nontax pavments
Fquals* Disposable personal income
Personal saving§

244.1
27.6
216.5
7.8

249.9
28.1
221. 8
19.4

253.2
28.4
224.9
20.8

257. 0
29.7
227.2
20.5

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

do_
do
do
do

PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:
Total persona] income
- bil. of dol
Wage and salary disbursements, total
do
Commodity-producing industries
do
Distributive industries
do
Service industries
do. _
Government _
_ _ _ _ _ _
do
Wage and salary receipts, total 9
do
Other labor income _ _ ___ _ .
do.
Proprietors' and rental income
do
Personal interest income and dividends. _do
Transfer payments
do
Less personal contributions for social insurance 0
bil. of doL.
Total nonagricultural income

do

243.3
163.4
72.4
44.5
19.8
26.7
160.0
3.8
48.2
19.2
12.1

245.5
165.9
73.7
44.9
20.0
27.3
162.2
38
47.7
19.7
12.1

249 0
168.2
75.0
45.3
20.1
27.8
164.8
3.8
48 1
20.2
12.1

249.8
168.8
74.6
45.6
20.2
28.4
165.1
3.8
48 0
20.2
12.7

251.0
169.9
75.2
45.6
20.3
28.8
166.4
3.8
48.0
20.0
12.8

252 4
170.6
74.8
46.0
20.3
29 5
167.1
38
49 2
19.7
12.6

253 7
170. 8
74.5
46.2
20.3
29 8
167.4
38
49 7
20.1
12.7

253. 6
171.7
75.0
46.4
20.3
30.0
168. 3
3.8
48 3
20.7
12.5

257 5
173.1
75.1
46.1
20 4
31 5
169.5
38
50 5
20.8
12.9

256 5
174.3
75.1
46.1
20 5
32 6
170.7
39
49 i
20.2
12.6

258. 6
175. 4
76.8
46. 5
20. 7
31. 4
171.9
3.9
49 8
20.7
12.3

3.4

3.7

3.4

3.7

3.5

3.5

3.4

3.4

3.6

3.6

3.5

222.9

225.2

227.8

229.0

230.1

230.1

231.3

232.1

234.5

234. 8

235.9

257 7
'175.8
T
76. 7
' 46. 8
20 7
r

r

r 31 f,
172. 1

3 9
r 49 9
••19.4
12.9
4.1
' 235. 8

257 1
176.6
77.0
40. 9
20 9
31 8
173.0
3 9
48 4
19.7
12.5
4.9

236.9

NEW PLANT AND EQUIPMENT
EXPENDITURES
4,863
5,913
5,844
i 6 051
'6 672
r
2,154
2,802
2,841
3, 335
i 3 120
r
183
i 213
203
199
211
r 449
i 395
303
412
377
r 130
i 140
125
136
120
r ggg
753
893
933
i 838
1
1,345
1,467
1,374
' 1, 549
1, 345
r
Revised.
* Estimates for January-March 1952, based on anticipated capital expenditures of business.
concludes inventory valuation adjustment.
§ Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product
above.
9 Derived by deducting employee contributions for social insurance from total wage and salary disbursements.
©Data through 1951 represent employee contributions only; thereafter, personal contributions of self-employed persons are also included.
JRevised beginning 1945. For revised annual data for 1945-51, see p. 5 of the January 1952 SURVEY; and for quarterly
data beginning 1947 for manufacturing, p. 20 of the December 1951 issue.

All industries, quarterly totalt
mil. of dol__
ManufacturingJ
_ _
.._ __do. __
Mining __ __
__
do
Railroad
__ __ __
do_ _ _
Other transportation _ . _
do
Electric a n d g a s utilities
_ _ _ _ _ _ __do
Commercial and miscellaneous
do




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