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BUSINESS STATISTICS

WlontkL

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.
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 si i own in the
1951 Statistical Supplement to the Survey

Data subsequent to July 1952 for selected

1952

1951

July

August

September

N

m

October | °h™ -

December

January

February

March

April

May

June

July

GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT f
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
Military
do
Government civilian
do
Supplements to wages and salaries
do
Proprietors' and rental income total c? do
Business and professional a71
do
Farm
do
Rental income of persons
do
Corporate profits and inventory valuation adiustmcnt total
bil of dol

280.2
181. 0
172. 1
142. 0
9.1
21.0
8.9
50.8
26.0
15.8
9.1

285. 6
183.4
1 74. 3
143.8
9.6
20.9
9. 1
53. 1
26.6
17.0
9.4

288.0
186. 5
177.4
145.8

186 9
177.8
145 6

9.0
52.1
27. 3
15.4
9.4

9 2
51 9
27.6
14.8
9. 5

41.9
38.6
21.8
16.9
3.2
6.5

42.5
39 5
22.2
17.3
3 0
6.6

42 7
42 7
24.7
18. 1
1
6.7

1.7
6.9

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

330. 9
25.5
113. 2
67. 6
56 2
22.4
24.9
8.9
1.1

337. 1
210.5
25. 3
116. 2
69.0
52 9
22. 4
24.7
5.8
2.6

339. 4
213.2
25.2
118.0
70.0
50 0
23.7
25. 7
.6
1.9

343.2
214.9
26. 4
117.8
70.8
49.3
23.6
25.7
.1
.9

67.3
45. 5
21.7

71.2
48.9
22.3

74.4
51.2
23.2

78.0
54.9
23.0

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

256.1
29.0
227 1
20.7

262.0

263.0
32 5
230 5
17.3

264. 4
32.9
231. 5
16.5

Corporate profits tax liability
Corporate profits after tax
Inventory valuation adjustment
Net interest

do
do
do
do

206.4

do
do
do
do

30 4
231 5
21.1

PERSONAL INCOME, BY SOURCE t
Seasonally adjusted, at annual rates:
Total personal 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 nonagricultural income

do

254. 5
170.7
75.0
46.3
20.4
29.0
167.3
4 2
50.1
20.4
12 5

256. 7
171.2
74.8
46.5
20.4
29.5
167.9
4 2
51.5
20.5
12 6

257.3

172.1
75.7
46.3
20.4
29.7
168. 8
4 2
50.9
21.0
12 4

261.7
174.0
75.9
46.5
20 7
30.9
170 5
4 3
53 4
20.8
12 7
3.5
239 1

3.4

3.3

3.3

234 0

235 5

236 4

263.4

176.0
77. 5
46.7
20 8
31.0
172 6
4 3
53 3
21.1
12 1

263 4
176.7
77.3
47 1
20 8
31 5
173 1
4 3
53 4
20.1
12 8

263. 5
178.0
78.2
47.1
20 9
31.8
174 5
4 3
52 1
20.5
12 4

3.5

3.4

3.9

239 5

240 7

260. 9
174.8
75.8
46.5
20 8
31. 7
171 3
4 2
52 5
20,5
12 4

241 7

261.9
177.3
77. 7
47.0
20 8
31.8
173 9
4 3
50 7
21.0
12 4

262.5
176. 7
76.9
47.0
21 0
31.8
173 4
4 4
51 2
21.5
12 3

o
3. q

3.8

3.6

243 4

242 9

244 9

' 266. 7
'179. 3
'77.2
' 48. 5
21.3
32.3
' 175. 8
4.5
52.8
21.4
12.5

3.6

242 7

264. 5
177.9
76.7
47.7
21.3
32.2
174.6
4.4
51.7
21.5
12 6

264 2
177. o
74 4
49 ?
91 5
32 4
173 8
4 5
52 5
21.3
12 3

3.8
r

3.9

245 9

243 2

NEW PLANT AND EQUIPMENT
EXPENDITURES J
T
All industries, quarterly total
mil. of doL.
(), 951
..
6, 715
7 421
6 228
Manufacturing
do
' 3. 302
2,841
2 742
3 335
Mining.. .
do
* 220
244
236
208
r
Railroad
- .
do
381
432
354
369
Transportation, other than rail..
do ...
'378
372
344
361
r
Public utilities
do
957
1,042
1 117
847
Commercial and other
do
' 1, 713
1,870
1,949
1,708
r
Revised.
tRevised series. Quarterly estimates of national income and product and quarterly and monthly estimates of personal income have been revised beginning 1949; see pp. 29-31 of the July 1952
SURVEY for the data.
d"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.
O Data through 1951 represent employee 'contributions only; thereafter, personal contributions of self-employed persons are also included.
% Revised beginning 1939. For revised annual data for 1939-51 and for quarterly data beginning 1947, see pp. 20 and 21 of the August 1952 SURVEY.




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