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* BUSINESS STATISTICS
1 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.
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

April 1952 for selected

1951

April

May

June

July

August

19 52

September

October

November

December

January

February

March

April

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
\Vi°res 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 professional cf
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

274.3
177.5
168 9
140.6
8.9
19.4
8.7
48.1
23.6
16.3
8.2
43.0
45.4
25.9
19.4
-2.3
5.7

8.9
49.8
23.6
17.6
8.5

90
48.6
24 2
15.9
85

42.6
39.8
22.8
17.0
2.8
5.8

42.5
40.0
22.9
17.1
2.5
58

— l
59

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 6
68 1
54.6
20. 7
29.0
4.9
2.5

339.7
209. 6
25 0
115 6
69 0
53.4
22 7
30.4

67.7
46.2
21.4

70. 7
49.0
21.7

74.7
52 3
22.4

249. 9
28. 1
221.8
19.4

do
do
do
do

185 8
176 8
144 9

60.3
38.9
21.3

Gross private domestic investment
do
New construction
do
Producers' durable equipment
do
Chance 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

280 1
182 0
173 1
142 0

328.2
202.4
25.9
110 1
66 5
65.6
22.7
27.2
15.8
i

Gross national product, total _ _
do
Personal consumption expenditures, total do
Durable goods
do
Nondurable goods
do

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

278.0
180.6
171 7
141 3
9.6
20.9
8.9
49.1
23.4
17.3
8.4

253.2
28.4
224.9
20.8

257. 0
29.7
227. 2
20. 5

257. 9
31 6
226. 3
16.7

_

9

2.0

PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:
Total nersonal 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©
bil. of dol..
Total non agricultural income

do

249.0
168.2
75.0
45.3
20.1
27 8
164.8
38
48.1
20.2
12 1

249.8
168.8
74.6
45. 6
20.2
28 4
165. 1
38
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
I1? 5

257 5
173.1
75.1
46.1
20.4
31 5
169 5
38
50 5
20.8
19 9

256 5
174.3
75.1
46.1
20.5
32 6
170 7
39
49 1
20.2
12 6

258.6
175.4
76.8
46.5
20.7
31 4
171.9
39
49.8
20. 7
12 3

957 7
175.8
76.7
46.8
20.7
31 6
172 1
39
49 9
19.3
12 9

258 3
177.3
77.4
47.0
20.9
32 0
173 7
39
48 6
19.9
12 6

3.4

3.7

3.5

3.5

3.4

3.4

3.6

3.6

3.5

4.1

229.0

230.1

230.1

231.3

232.1

234.5

234. 8

235. 9

235.8

238.0

258 2
177. 6
77. 1
* 47.5
-20.8
T 32 2
r
174.0
4 0
r
47. 5
'20. 5
12 6
r

4.0

227.8

r
r

258 9
177. 5
77. 0
47,2
21,0
32 3
174 0
4 0
47 8
21. 1
19 4

4.0
r

3.9

238. 4

238. *

NEW PLANT AND EQUIPMENT
EXPENDITURES
T i 5 552
All industries, quarterly total t
mil. of dol
5,913
5,844
6 672
2,802
Manufacturing^. _ _ _ . . _
. _ . . do
2,841
r 2 742
3,335
r 188
203
Mining
do
199
211
r
Railroad
.
_
. ... do
412
377
449
376
T 134
Other transportation
do
136
120
130
r 751
Electric and gas utilities
. . do
893
933
998
1, 467
Commercial and miscellaneous. „ .. ... -do ._
1,374
1,549
'1,351
r
1
Revised.
Estimates based on anticipated capital expenditures of business for subsequent periods of 1952 are shown on p. 7 of this issue of the SURVEY.
of Includes 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.
OData through 1951 represent employee contributions only; thereafter, personal contributions of self-employed persons are also included.
tRe vised 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.
S-l
206532°—52-




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