View PDF

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

SURVEY OF CURRENT BUSINESS

November 1973

11

NATIONAL INCOME AND PRODUCT TABLES
1972
1971

1972

11

III

1972

1973

IV

I

II

III

1971

1972

II

III

Seasonally adjusted at annual rates

1973

IV

I

II

III

Seasonally adjusted at annual rates

Billions of current dollars

Billions of 1958 dollars

Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
,055.5 1,155.2 1,142.4 1,166.5 1,199.2 1,242.5 1,272.0 1,304.5

Gross national product

Change in business inventories.
Nonfarm..
Farm
Net exports of goods and services
E xports
Imports
Government purchases of goods and services
Federal
National defense..
Other
State and local.

829.3

834.3

841.3

779.4

795.6

816.0

496.3

526.8

523.4

531.0

540.5

552.7

553.3

558.1

103.6
278.7
284.9
153.2

117.4
299.9
309.2

115.1
297.9
306.2

120.2
302.3
311.6

122.9
310.7
319.0

132.2
322.2
325.0

132.8
330.3
332.6

132.8
341.6
341.6

92.2
211.6
192.4

104.0
220.9
201.8

101.9
220.7
200.8

105.8
222.2
202.9

109.2
225.8
205.4

116.2
228.0
209.1

115.4
230.2
212.5

178.3

174.7

181.5

189.4

194.5

198.2

202.0

110.3

122.9

121.0

124.8

129.1

117.0
228.8
207.0
130.2

130.2

130.8

172.3

169.2

172.9

181.2

189.9

193.7

197.3

105.0

118.3

116.7

118.2

122.8

126.9

126.9

127.7

104.4
37.9
66.5

118.2
41.7
76.5

116.3
41.5
74.9

118.3
41.3
77.0

124.3
43.0
81.2

130.9
45.3
85.5

134.1
47.2

138.0
49.5

76.1
22.5
53.6

83.7
23.0
60.8

82.5
23.0
59.5

83.4
22.7
60.7

87.5
23.1
64.3

91.2
23.8
67.4

91.5
24.4
67.2

93.2
25.2
68.0

54.0
53.5

52.8
52.3
.5

54.5
53.9

56.9
56.4
.5

59.0
58.4
.6

59.6
59.1
.5

59.2
58.6

29.0
28.6
.4

34.6
34.2
.4

34.2
33.9
.4

34.7
34.3
.4

35.3
35.0
.3

35.6
35.3
.4

35.3
35.0
.3

34.5
34.2
.4

6.0
5.6
.4

5.5
4.8
.7

8.7
8.4
.3

8.2
7.9
.3

4.6
4.4
.2

4.5
4.4
.1

4.7
3.2
1.5

5.3
3.8
1.4

4.6
4.5
.1

4.3
4.0
.3

6.6
6.6
.0

6.2
.1

3.3
3.2
.1

3.4
3.3
.1

3.0
2.3
.7

-4.6

-5.7

-3.8

-3.5

.0

2.8

7.6

.4

-2.0

-2.8

-.9

2.0

5.6

7.4

69.9
75.6

74.0
77.7

79.7
83.2

89.7
89.7

97.2
94.4

104.5
97.0

52.7
52.4

56.4
58.4

54.1

56.6
57.5

59.6
60.3

66.6
61.1

67.4
60.0

234.3

73.5
78.1
255.0

65.3
63.3

254.2

254.7

260.7

268.6

275.3

279.0

138.4

143.0

141.8

143.5

144.4

145.2

145.0

104.4
74.4
30.1

106.7
76.6
30.1

102.3
71.9
30.4

102.7
72.4
30.3

105.5
74.3
31.2

107.3
74.2
33.1

106.8
74.2
32.7

60.9

60.8

58.8

58.6

58.2

58.2

57.2

136.2

Residential structures.
Nonfarm
Farm...

812.3

752.6

98.1
71.6
26.5

Nonresidential
Structures
—
Producers' durable equipment..

796.7

734.1

.8

Fixed investment.

785.6

719.2

6.1
4.5
1.6

Gross private domestic investment.

790.7

726.5

42.7
42. 2

Durable goods
Nondurable goods.
Services

745.4

667.2

147.1

Personal consumption expenditures..

150.5

147.5

152.4

158.0

163.0

168.0

172.2

77.5

82.2

85.0

86.2

87.0

87.8

66.3
65.5

56.8
144.0
62.9
81.1

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
Gross national product.

1,055.5 1,155.2 1,142.4 1,166.5 1,199. 2 1,242.5 1,272.0 1,304.5

745.4

790.7

785.6

796.7

812.3

829.3

834.3

841.3

Final sales.
Change in business inventories.
Goods output.

1, 049.4 1,149.1 1,136. 9 1,157. 8 1,191. 0 1, 237. 8 1,267. 5 1, 299. 8
6.1
8.2
6.0
5.5
4.6
4.5
8.7
4.7
497.1 541.4
536.4 548.6 563.6 589.6
604.2
622.3

740.1
5.3

786.1
4.6

781.3
4.3

790.0
6.6

806.0
6.3

826.0
3.3

831.0
3.4

838.3
3.0

396.1

423.9

421.5

428.4

438.4

452.1

453.9

456.8

555.4
8.2
233.2
222.8
10.4

585.0
4.6

599.6
4.5

617.6
4.7

390.8
5.3

419.3
4.6

417.2
4.3

421.7
6.6

432.1
6.3

448.7
3.3

450.5
3.4

453.7
3.0

214.6
211.4
3.2

539.9
8.7
222.6
216.8
5.8

242.5
238.1
4.4

249.7
242.4
7.3

254.3
246.2
8.0

163.0
161.3
1.7

184.1
180.2
3.9

180.4
177.7
2.7

186.2
181.8
4.4

196.3
188.0
8.2

203.4
200.3
3.2

207.1
201.8
5.4

208.1
202.4
5.7

322.3
321.2
1.1

321.9
319.6
2.3

326.0
323.1
2.9

330.3
332.5
—2.2

347.2
346.9
.3

354.5
357.3
-2.8

368.0
371.4
-3.4

233.1
229.5
3.6

239.8
239.1
.7

241.1
239.5
1.6

242.2
240.0
2.2

242.1
244.1
—1.9

248.7
248.5
.2

246.7
248.7
-2.0

248.7
251.3
-2.6

487.3
126.5

481.5
124.4

491.8
126.2

503.9
131.7

514.8
138.1

527.7
140.1

540.8
141.4

280.1
69.1

292.6
74.2

290.3
73.8

294.5
73.8

298.8
75.1

300.6
76.7

304.1
76.3

76.0

Final sales
Change in business inventories.
Durable goods
Final sales
Change in business inventories.

491.1
6.1

535.4
6.0

531.0
5.5

193.1
191.1
2.0

219.1
214.1
4.9

Nondurable goods
Final sales.
Change in business inventories _

304.0
299.9
4.1
447.4
110.9

Services
Structures.

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product..
Private
Business
Nonfarm.
Farm
Households and institutions.
Rest of the world
General government.
Federal
State and local

1,055.5 1,155. 2 1,142.4 1,166.5 1,199.2 1,242.5 1,272.0 1,304.5

745.4

790.7

785.6

796.7

812.3

829.3

834.3

841.3

S30.3 1,019.7 1,008. 6 1,030. 0 1,060.0 1,098. 9 1,126.2 1,156.3

684.7

729.5

725.0

735.3

750.3

767.1

772.0

778.8

984.9 1, 013. 6 1, 050. 5 1, 076. 8 1,105. 5
976.9 1, 008. 9 1,033. 5 1,056. 4
951.0
33.9
41.6
43.3
49.0
36.7

662.2
636.3
26.0

706.6
682.0
24.6

702.6
677.4
25.2

712.3
688.7
23.6

726.8
702.5
24.2

742.9
718.1
24.8

748.3
725.9
22.4

889.9
859. 4
30.4

975.4
941.0
34.4

965.2
931.3
33.9

33.5
7.0

36.8
7.5

36.6
6.8

125.1
47.6
77.6

135.4
50.3
85.1

133.8
50.0
83.8

37.5
7.6
136.5
50.2
86.4

37.8
8.7
139.2
50.5
88.7

39.3
9.1

40.5
8.9

41.8
9.0

16.8
5.6

17.4
5.5

17.4
5.0

17.5
5.5

17.4
6.2

18.0
6.3

18.2
5.5

754.9
733.7
21.2
18.5
5.4

143.5
52.5
91.1

145.8
52.2
93.6

148.2
52.3
96.0

60.7
23.0
37.6

61.1
21.8
39.3

60.6
21.7
38.9

61.3
21.7
39.7

62.0
21.7
40.3

62.2
21.6
40.6

62.4
21.4
41.0

62.5
21.2
41.3

HISTORICAL STATISTICS
T H E national income and product data for 1929-63 are in The National Income and Product Accounts of the United States, 1929-1965,
Statistical Tables (available at $1 from Commerce Department District Offices or the Superintendent of Documents; see addresses inside
front cover). Each July SURVEY contains preliminary data for the latest 2 years and fully revised data for the preceding 2. The July 1973
issue has data for 1969-72. Prior July issues have fully revised data as follows: 1968-69, July 1972; 1967-68, July 1971; 1966-67, July 1970;
1965-66, July 1969; 1964-65, July 1968. BE A will provide on request a reprint of the fully revised data for the years 1964-69.




CURRENT BUSINESS STATISTICS

A HE STATISTICS here update series published in the 1971 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
That volume (available from the Superintendent of Documents for $3.00) provides a description of each series, references
to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1967 through 1970 (1960-70 for major quarterly
series), annually, 1947-70; for selected series, monthly or quarterly, 1947-70 (where available). Series added or significantly revised after the 1971
BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively; certain revisions for 1970 issued too late for
inclusion in the 1971 volume appear in the monthly SURVEY beginning with the September 1971 issue. Also, unless otherwise noted, revised monthly
data for periods not shown herein corresponding to revised annual data are available upon request.
The sources of the data are given in the 1971 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and
are also listed alphabetically on pages 189-90. Statistics originating in Government agencies are not copyrighted and may be reprinted freely.
Data from private sources are provided through the courtesy of the compilers, and are subject to their copyrights.
OF CURRENT BUSINESS.

1970 | 1971
Unless otherwise stated in footnotes below, data
through 1970and descriptive notes areas shown in
the 1971 edition of BUSINESS STATISTICS

1970

1972

III

Annual total

1971

IV

I

II

1972

III

IV

I

II

1973

| III | IV

I

II

III

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf

Gross national product, totalf

bil.$_

977.1

1,055.5

1,155.2

987.4

991.8 1,027.2 1,046.9 1,063.5 1,084.2 1,112.5 1,142.4 1,166.5 1,199.2 1,242.5 1,272.0 1,304.5

Personal consumption expenditures, total..do...

617.6

667.2

726.5

623.7

628.3

650.0

662.2

673.0

683.4

700.2

719,2

734.1

752.6

779.4

795.6

' 816. 0

Durable goods, total9
do...
Automobiles and parts
do...
Furniture and household equipment.-.do...
Nondurable goods, total9
do...
Clothing and shoes...
do—
Food and beverages
do
Gasoline and oil
do...

91.3
37.3
39.6

103.6
46.6
42.1

117.4
52.8
48.1

93.4
39.1
39.6

88.1
33.1
40.3

100.3
44.7
41.3

101.9
45.5
41.6

105.4
48.3
41.9

106.7
47.8
43.6

111.5
49.4
46.6

115.1
51.2
47.3

120.2
55.0
48.6

122.9
55.7
50.0

132.2
60.5
53.7

132.8
59.7
54.4

' 132. 8
••59.2
"•55.0

263.8
52.8
130.0
22.2

278.7
57.0
136.6
23.5

299.9
62.3
145.3
25.5

265.7
52.7
131.5
22.3

271.1
54.5
133.3
22.7

273.5
55.7
134.1
22.9

278.0
57.0
136.2
23.1

279.8
57.4
137.6
23.6

283.5
58.1
138.4
24.5

288.8
59.4
141.0
24.7

297.9
61.7
144.7
25.0

302.3
62.9
146.5
25.8

310.7
65.1
149.1
26.6

322.2
68.3
154.7
27.5

330.3
69.3
158.1
28.8

' 341. 6
••70.3
'164.3
29.4

262.6
36.4
90.9
18.3

284.9
39.7
98.5
20.4

309.2
43.8
105.5
21.8

264.6
36.9
91.4
18.5

269.1
37.3
93.3

276.1
38.4
95.4
19.4

282.3
39.3
97.6
20.1

287.8
40.3
99.5
20.6

293.2
40.7
101.4
21.2

300.0
41.8
103.1
21.6

306.2
43.2
104.7
21.7

311.6
44.5
106.3
21.8

319.0
45.7
107.9
22.2

325.0
46.5
110.6
22.8

332.6
47.1
113.3
23.2

' 341. 6
48.7
' 115.8
23.7

136.3

153.2

178.3

139.2

145.5

152.7

153.8

160.8

167.5

174.7

181.5

189.4

194.5

198.2

' 202. 0

172.9
118.3
41.3
77.0
54.5
53.9
8.7
8.4

181.2
124.3
43.0
81.2
56.9
56.4
8.2

130.9
45.3
85.5
59.0
58.4
4.6
4.4

193.7
134.1
47.2
86.9
59.6
59.1
4.5
4.4

' 197.3
' 138. 0
'49.5
'88.6
'59.2
'58.6
'4.7
'3.2

Services, total9
...do.
Household operation
do.
Housing
do.
Transportation
_
do.
Gross private domestic investment, total—do..
Fixed investment
do..
Nonresidential.
..do.
Structures
do..
Producers' durable equipment
do.
Residential structures
do..
Nonfarm
do.
Change in business inventories
do.
Nonfarm
do.
Net exports of goods and services
do..
Exports
do..
Imports
do..
Govt. purchases of goods and services, total .do..
Federal
_
do..
National defense
do..
State and local
do.
By major type of product:!
Final sales, total
Goods, total
Durable goods
_
Nondurable goods
Services
Structures
Change in business inventories
Durable goods
Nondurable goods

do.
do.
do.
do.
do.
do.
..do
do...
do...

131.7
100.6
36.1
64.4
31.2
30.7
4.5
4.3

147.1
104.4
37.9
66.5
42.7
42.2
6.1
4.5

172.3
118.2
41.7
76.5
54.0
53.5
6.0
5.6

133.2
102.8
36.4
66.5
30.4
29.9
6.0
5.8

18.9
137.4

138.5
101.4
37.0
64.4
37.1
36.6
7.0
5.8

145.0
103.6
37.6
66.0
41.5
41.0
7.6
6.3

149.5
104.7
38.4
66.3
44.8
44.1
4.3
2.4

155.6
108.0
38.5
69.5
47.5
46.9
5.3
3.5

165.8
114.0
41.0
73.1
51.8
51.2
1.7
1.4

169.2
116.3
41.5
74.9
52.8
52.3
5.5
4.8

3.8
65.9
62.1

.5
67.1

1.1
69.1
68.0

-2.2
63.0
65.2

-5.5
70.3
75.8

-5.7
69.9
75.6

-3.8
74.0
77.7

-3.5

79.7
83.2

.0
89.7
89.7

2.8
97.2
94.4

'7.6
' 104.5
'97.0

227.9
96.1
72.3
131.8

231.5
96.7
71.3
134.8

235.5
98.2
70.3
137.3

242.2
101.2
72.4
141.0

250.3
106.0
76.5
144.3

254.2
106.7
76.6
147.5

254.7
102.3
71.9
152.4

260.7
102.7
72.4
158.0

268.6
105.5
74.3
163.0

275.3
107.3
74.2
168.0

' 279.0
' 106. 8
'74.2
' 172. 2

234.3
98.1
71.6
136.2

73.5
78.1
255.0
104.4
74.4
150.5

4.2
63.9
59.7

132.3
98.5
36.5
62.0
33.8
33.1
5.1
4.9
2.8
63.2
60.4

220.3
94.7
73.2
125.6

223.3
94.8
72.6
128.5

972.6
466.7
182.5
284.1
410.3
95.6

1,049.4
491.1
191.1
299.9
447.4
110.9

1,149.1
535.4
214.1
321.2
487.3
126.5

981.3
472.1
186.2
285.9
413.5
95.7

4.5
1.2
3.3

6.1
2.0
4.1

6.0
4.9
1.1

6.0
5.2

986.7 1,020.2 1,039.2 1,059.2 1,078.9 1,110.8 1,136.9 1,157.8 1,191.0 1,237.8 1,267.5 1,299.8
599.6 ' 617. 6
555.4
585.0
539.9
531.0
501.1
485.9
515.2
482.1
495.2
465.9
242.4 ' 246. 2
222.8
216.8
238.1
211.4
196.2
188.1
192.8
205.5
187.4
175.0
357.3 ' 371. 4
323.1 332.5
346.9
319.6
302.4
304.9
297.8
309.7
294.7
290.9
527.7 ' 540. 8
503.9
491.8
514.8
450.8 460.9
481.5
444.0
471.8
433.9
421.0
140.1 ' 141.4
131.7
126.2
138.1
113.2
124.4
117.0
109.3
123.8
104.1
99.8
'4.7
8.2
4.5
4.6
8.7
5.5
7.0
7.6
5.3
1.7
5.1
4.3
'8.0
10.4
4.4
7.3
5.8
3.2
4.1
4.2
—.9
.4
.7
-1.1
-2.2
.3
2.9
2.9
3.4
6.2
2.3
-2.8 ' -3.4
1.3
6.2
3.7

3.6
62.9
59.3

66.3
65.5

219.5
96.2
74.6
123.3

7.9

GNP in constant (1958) dollarsf

bil.$.

722.5

745.4

790.7

727.2

719.3

735.1

740.4

746.9

759.0

768.0

785.6

796.7

812.3

829.3

834.3

' 841.3

Personal consumption expenditures, total..do._.

477.5

496.3

526.8

480.9

477.5

489.5

493.6

498.0

504.1

512.5

523.4

531.0

540.5

552.7

553.3

' 558.1

206.5
187.2

92.2
211.6
192.4

104.0
220.9
201.8

85.6
207.2
188.1

79.3
209.8
188.4

89.3
210.2
189.9

90.2
211.8
191.7

93.6
211.5
192.9

95.8
213.0
195.3

99.2
215.0
198.2

101.9
220.7
200.8

105.8
222.2
202.9

109.2
225.8
205.4

117.0
228.8
207.0

116.2
228.0
209.1

•115.4
• 230. 2
• 212. 5

103.4

110.3

122.9

105.4

102.1

106.6

110.3

109.5

114.8

116.5

121.0

124.8

129.1

130.2

130.2

• 130.8

99.5
77.2
22.2

105.0
76.1
29.0
5.3

118.3
83.7
34.6
4.6

100.5
78.6
21.8
4.9

97.6
73.5
24.1
4.5

100.7
74.8
25.9
5.8

103.8
75.5
28.3
6.5

105.5
75.6
29.9
4.0

110.1
78.4
31.7
4.7

115.4
81.5
34.0
1.1

116.7
82.5
34.2
4.3

118.2
83.4
34.7
6.6

122.8
87.5
35.3
6.3

126.9
91.2
35.6
3.3

126.9
91.5
35.3
3.4

127. 7
'93.2
'34.5
'3.0

do.

2.3

.4

-2.0

3.0

2.0

2.4

-.2

-1.6

-3.7

-2.8

-.9

2.0

5.6

'7.4

Govt. purchases of goods and services, total .do
Federal...
_
do.
State and local
do.

139.3
64.3
75.0

143.0
138.0
138.4
137.8
60.8
62.4
60.9
61.8
82.2
75.5
77.5
76.0
r
Revised.
» Preliminary.
t Revised series. Estimates of national income and product and personal income have been revised back to 1969 (see p. 14 ff. of the July 1973 SURVEY);
revisions prior to May 1972 for personal income appear on pp. 27-28 of the July 1973 SURVEY.

136.7
60.1
76.6

144.0
62.9
81.1

141.8
58.8
83.0

144.4
58.2
86.2

145.2
58.2
87.0

145.0
'57.2
'87.8

Gross national product, totalf

Durable goods
do...
Nondurable goods
do...
Services
do...
Gross private domestic investment, total...do..
Fixed investment
do.
Nonresidential
_..do.
Residential structures
do
Change in business inventories.__
do
Net exports of goods and services




142.7
141.6
136.7
138.6
63.0
62.5
61.1
59.9
79.1
79.7
77.5
76.8
9 Includes data not shown separately.

143.5
58.6
85.0

s-1

CURRENT BUSINESS

SURVEY

S-2
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown in
the 1971 edition of BUSINESS STATISTICS

1970 |

1971 ! 1972

1971

1970
IV

Annual total

November 1973

II

I

1972
III

IV

I

II

1973
III

IV

I

II

III

IV

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL I N C O M E AND PRODUCT—Con.
Quarterly Data Seasonally Adjusted at Annual Rates
National income, total t
bil. $__

800.5

859.4

941.8

806.3

835.9

853.6

865.6

882.7

911.0

928.3

949.2

978.6

do....

603.9

644.1

707.1

610.6

627.6

638.8

648.8

661.2

684.3

699.6

713.1

731.2

757.4

774.9

' 794.0

.do . .
do....
do....
do .
....do....
do....
do .
..do....
do.._.

542.0
426.9
19.6
95.5
61.9
66.9
50.0
16.9
23.9

573.8
449.7
19.4
104.7
70.3
68.7
51.9
16.8
24.5

627.3
493.3
20.3
113.8
79.7
74.2
54.0
20.2
24.1

546.7
429.2
19.0
98.5
63.9
66.2

559.8
438.5
19.8
101.6
67.7
67.9
50.9
16.9
24.4

569.3
446.3
19.3
103.6
69.6
68.3
51.7
16.6
24.7

577.6
452.3
18.9
106.3
71.1
68.6
52.3
16.3
24.7

588.6
461.7
19.6
107.3
72.6
70.2
52.7
17.5
24.4

607.3
476.4
20.9
110.0
77.0
72.5
53.1
19.5
24.1

620.8
488.4
20.1
112.3
78.9
73.2
53.3
19.9
22.6

632.6
497.5
20.0
115.1
80.5
74.1
54.3
19.8
24.9

648.7
510.9
20.1
117.7
82.5
77.1
55.3
21.8
24.9

666.7
525.1
20.9
120.7
90.8
80.6
56.3
24.3
24.7

682.3
538.7
20.5
123.1
92.6
81.5
57.1
24.4
24.6

' 699.3
' 553.2
20.4
125.7
'94.7
'85.0
'57.9
27.1
25.3

69.2

80.1

91.1

65.9

75.8

80.5

80.9

83.4

86.2

88.0

91.5

98.8

104.3

107.9

v 112.4

13.6
55.6
27.8
17.3
10.5

15.2
64.9
32.5
17.8
14.7

17.5
73.6
40.1
20.0
20.2

14.2
51.7
23.7
17.5
6.3

14.0
61.8
31.8
17.6
14.2

14.7
65.8
32.7
17.8
14.9

15.9
65.0
31.8
18.0
13.8

16.3
67.1
33.6
17.9
15.7

16.6
69.6
37.3
18.6
18.7

17.3
70.7
38.7
18.5
20.2

17.6
73.9
39.9
20.4
19.5

18.6
80.2
44.7
22.4
22.3

19.8
84.5
49.7
22.8
26.9

21.4
86.5
52.4
23.9
28.5

J>22.3
*90.0

7.8
20.1

8.6
23.9

9.3
24.2

7.3
20.7

8.2
21.8

9.1
23.9

9.1
24.1

7.9
25.7

8.5
23.8

8.9
23.1

9.8
24.1

9.9
25.7

92
25.6

8.5
25.6

74.0
34.8
39.3
24.7
14.6
-4.8
36.5

85.1
37.4
47.6
25.1
22.5
-4.9
42.0

98.0
42.7
55.4
26.0
29.3
-6.9
45.2

69.8
33.0
36.7
24.5
12.2
-3.8
39.2

80.8
37.0
43.8
25.3
18.5
-5.0
40.2

85.5
38.4
47.1
25.1
22.0
-5.0
41.4

87.0
38.0
49.0
25.2
23.7
-6.1
42.7

86.9
36.4
50.6
24.9
25.7
—3.6
43.5

92.8
40.6
52.2
25.7
26.5
-6.6
43.9

94.8
41.4
53.4
25.9
27.5
-6.7
44.8

98.4
42.9
55.6
26.2
29.4
-6.9
45.7

106.1
45.9
60.3
26.4
33.9
-7.3
46.6

119.6
52.7
66.9
26.9
40.0
-15.4
47.9

808.3
116.6
691.7
635.5
56.2

863.5
117.5
746.0
685.8
60.2

939.2
142.2
797.0
747.2
49.7

822.9
115.7
707.2
646.6
60.6

840.0
112.6
727.4
668.3
59.2

859.5
115.5
744.0
680.6
63.5

870.2
118.1
752.0
691.8
60.2

884.4
124.0
760.4
702.6
57.8

910.8
138.0
772.8
720.0
52.9

926.1
140.7
785.4
739.5
45.9

943.7
142.8
800.9
755.1
45.8

976.1
147.4
828.7
774.3
54.4

996.6 1,019.0 1,047.1
149.3 ' 156. 0
145 1
869.7 ' 891.1
851.5
818.7 '840.1
801.5
51.0 ' 5 1 . 1
50.0

79.71
31.95
15.80
16.15

81.21
29.99
14.15
15.84

88.44
31.35
15.64
15.72

21.66
8.66
4.26
4.40

17.68
6.69
3.11
3.58

20.60
7.55
3.52
4.03

20.14
7.31
3.40
3.91

22.79
8.44
4.12
4.32

19.38
6.61
3.29
3.32

22.01
7.63
3.71
3.92

21.86
7.74
3.86
3.87

25.20
9.38
4.77
4.61

21.50
7.80
3.92
3.88

24.73
9.16
4.65
4.51

47.76
1.89
1.78
3.03
1.23
13.14
10.65
2.49
10.10
16.59

51.22
2.16
1.67
1.88
1.38
15.30
12.86
2.44
10.77
18.05

57.09
2.42
1.80
2.46
1.46
17.00
14.48
2.52
11.89
20.07

12.99

10.99

13.06

12.83

14.35

12.77

14.38

14.12

.50
.43
.76

.49
.34
.34

.54
.47
.60

.55
.42
.39

.59
.45
.56

.58
.48
.50

.61
.48
.73

.59
.38
.61

.33
3.74
3.12

.28
3.11
2.70

.36
3.83
3 20

.37
4.07
3.35

.37
4.29
3.60

.32
3.63
3.19

.39
4.24
3.61

.35
4.39
3.67

2.81
4.42

2.50
3.94

2.81
4.44

2.62
4.42

2.84
5.26

2.72
4.55

2.95
4.98

2.84
4.97

15.83
.63
.47
.63
.40
4.74
4.01
.73
3.39
5.57

13.69
.63
.46
.52
.32
3.95
3.45
.50
2.87
4.94

15.57
.71
.46
.72
.43
4.59
3.91
.68
3.27
5.40

do
do
do
do

78.63
30.98
14.92
16.05

79.32
30.46
14.21
16.25

81.61
30.12
14.06
16.06

80.75
29.19
13.76
15.43

83.18
30.35
14.61
15.74

86.79
30.09
15.06
15.02

87.12
30.37
14.77
15.60

87.67
30.98
15.67
15.31

91.94
33.64
16.86
16.78

do

47.66
1.94
1.56
3.08
1.22
13.68
11.20
2.48
10.20
15.97

48.86
2.04
1.46
1.29
1.33
14.64
12.16
2.48
10.70
17.39

51.50
2.08
1.88
2.23
1.40
14.01
12.61
2.30
11.21
17.72

51.56
2.23
1.72
1.68
1.48
15.87
13.56
2.30
10.73
17.85

52.82
2.30
1.64
2.26
1.33
15.74
13.01
2.74
10.44
19.10

56.70
2.42
2.10
1.96
1.48
16.92
14.27
2.65
11.71
20.10

56.75
2.38
1.88
2.89
1.53
16.60
14.32
2.27
11.59
19.88

56.70
2.40
1.50
2.67
1.41
17.01
14.62
2.38
11.56
20.16

58.30
2.46
1.71
2.33
1.42
17.53
14.67
2.86
12.63
20.21

96.19
35.51
17.88
17.63
60.68
2.59
2.11
2.21
1.53
18.38
15.40
2.98
12.34
21.53

97.76
36.58
18.64
17.94
61.18
2.77
1.75
2.72
1.62
18.08
15.55
2.52
12.70
21.55

Compensation of employees, totalf __
Wages and salaries total
Private
Military
Government civilian
Supplements to wages and salaries
Proprietors' income, total 9
Business and Drofessional 9
Farm
Rental income of persons
- -

Corporate profits and inventory valuation adjustment total
bil. $_
By broad industry groups:
do
Financial institutions
do .
Nonnnancial corporations total
do....
Manufacturing total
do
Nondurable goods industries
do
Durable goods industries
Transportation, communication and public
bil. $
utilities
do
All other industries
do....
Corporate profits before tax, total
do
CorDorate Drofits tax liabilitv
do
Corporate profits after tax
. ..do.. .
Dividends
do....
Undistributed profits
do
Inventory valuation adjustment
do
Net interest
DISPOSITION OF PERSONAL INCOME f
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income total
bil. $
T^PSS* Personal tax and nontax Davment^
dn
do
Ffliials* DisDosable Dersonal income
do
Less* Personal outlavsffi
do _
Eauals* Personal savineS
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
W\ industries
.
bil. $ do....
Manufacturing
.
do
Durable goods industries 1
do .
Nondurable goods industries 5
Nonmanufacturing
Mining
Railroad
Air transportation _ _ . .
Other transportation
Public utilities
Electric
Gas and other
Communication
Commercial and other
Seas. adj. qtrly. totals at annual rates:
All Industrie*?
M anu fact uring
Durable poods industries %
Nonmanufacturing

do
do....
do
do
do....
do....
do
. . do
do....

Railroad

do
do
Other transportation
do
Public utilities
do
Elpotrio
do
Gas and other
do.. .
Communication
do
An
Commercial and other
U.S. BALANCE OF INTERNATIONAL
PAYMENTS©*
Quarterly Data Are Seasonally Adjusted
(Credits +; debits - )
Exports of goods and services (excl. transfers under
militarv grants)
mil. $_.
Merchandise, adjusted, excl. military
do
Transfers under U.S. military agenc y sales contracts
mil.$__
Receipts of income on U.S. i nvestments
abroad. .
. mil. $ .
do—
Other services
— do-..
Imports of goods and services
Merchandise, adjusted, excl. military
do—
Direct defense expenditures.
do___.
Payments of income on foreign investments in the
U.S
mil. $_.
Other services
do—

so. o:
16.2
24.4

.63

.41

.71

.69

.44

.62

.72

62,919
41,964

66,287
42,768

73,462
48,769

15,803
10,457

16,487
10,872

16,781
10,791

17,28?
11,522

15,739
9,583

17,587
11,655

17,463
11,539

18,491
12,362

1,478

1,912

1,166

429

498

507

489

419

328

288

262

11,426
8,052
-59,289
-39,788
-4,852
-5,167
-9,684

12,899
8,710

13,925
9,601

2,850
2,067

2,989
2,128

-65,480 -78,071 -15,099 -15,533
-45,466 -55,681 -10,269 -10,743
-4,829 -4,724 -1,203 -1,175
-4,927 -6,063 -1,217 -1,160
-10,258 -11,604 -2,410 -2,455

do—
954
704
807 -4,610
3,630
Balance on goods and services, total...
188
129
Merchandise, adjusted, excl. military
do—
2,176
-2,698 -6,912
' Revised.
v Preliminary.
1 Estimates (corrected for systematic biases) for JulySept, and Oct.-Dec. 1973 based on expected capital expenditures of business. Expected expenditures for the year 1973 appear on p. 19 of the September 1973 SURVEY.
2 includes communication. ' f See corresponding note on p. S-l.
9 Includes inventory valuation adjustPersonal outlays comprise personal consumption expenditures, interest paid by
ment.
©



.63

1,015.0 1,038.2

1,067.8

128.9 v 129.4
57.4 *>57.9
71.6 ' 71.5
27.3
28.1
44.2 M 3 . 5
-21.1 -17.0
49.4
51.1

125.35 i 28.62
9.48
11.00
4.79
5.70
4.68
5.30
15.87

17.62

.74
.50
.54

.76
.59
.66
.35

.43
5.16
4.24

5.67
4.69

2 8.50

'9.70

.92

.98

1101.88 104.36
38.18
39.05
19.52
19.98
18.66
19.08
63.70
65.30
3.00
2.94
2.03
2.05
2 37
1.33
1.72
20.96
19.84
17.26
16.76
3.70
3.09
2 34.74 2 35.86

19,921 22,611 *24,272
13,213 15,320 *16,747 P 18,220
287

343
4,158

M57

3,866
3,270
3,476
3,314
3,557
v 9 R09
2,180
2,290
2,366
2,39
2,55
._ — -__
-16,650 -17,002 -16,299 -18,961 -18,889 -19,430 -20,79 -22,46 p-23,656
p-16,97 p-17,43
-11,708 -11,907 -11,108 -13,475 -13,313 -13,935 -14,95 -16,28
_. — --v 1 184
-1,214
-1,204 -1,237 -1,222 -1,242 -1,10
-1,15
-1,63 -1,849 p-2,19
-1,52
-1,135 -1,293 -1,340 -1,423 -1,47
-2,593 -2,598 -2,61^ -2,84
-2,85
-2,86
-3,04
*l,800
P618
150
-87
-560 -1,374 -1,42
13
280
-93
_
QOft
-917
-385 -1,525 -1,820 -1,77
-1,573 -1,74
—960
consumers, and personal transfer payments to foreigners.
§ Personal saving is excess of disposable income over personal outlays.
..
HData for individual durable and nondurable goods industries components appear in tne
Mar., June, Sept., and Dec. issues of the SURVEY. tfMore complete details appear in tne
quarterly reviews in the Mar., June, Sept., and Dec. issues of the SURVEY.
3,315
2,168

3,038
2,231

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