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BUSINESS STATISTICS
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 (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.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely.
vided through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

1952

1951

October

Data from private sources are pro-

November

December

January

February

March

April

May

June

July

August

September

October

GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCTf
Seasonally adjusted quarterly totals at annual rates:
National income, total
bil. of dol
Compensation of employees, total
do
Wages and salaries, total
do
Private
do
Military
do
Government civilian
do
Supplements to wages and salaries
do
Proprietors' and rental income totalcf 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

285.6
183.4
174.3
143.8
9.6
20.9
9.1
53 1
26.6
17.*)
9.4

286.9
186.9
177.8
145.6

9 3
52 5
27" 5
15 2
98

41.2
39.5
22 9
16 6
1 7
6.9

42.7
42.7
24.7
18.1
—. 1
6.7

42.5
39.5
22.2
17.3
30
6.6

ICO 3
181 0
148 3

9.2
51 9
27.6
14 8
9.5

288.0
186.5
177.4
145.8
10.0
21.7
9.0
52 1
27.3
15 4
9.4

6
7.1

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
National securitv 9
__
_ do
State and local
do

337 1
210.5
25.3
116.2
69.0
52.9
22.4
24.7
5.8
2.6

339 7
213.2
25.2
118.0
70.0
50.0
23.7
25.7
.6
2.2

342 6
214.9
26.4
117 8
70.8
49.3
23.6
25.7
.1
.4

343 4
215 0
24.2
118 9
71.9
51 7
23.0
25 0
3 7
—1 2

71.2
48 9
44.3
22.3

74.4
51.2
46.4
23.2

78.0
54 9
50.3
23.0

77.9
54 8
49.6
23. 1

Personal income, total
__ do
Less* Personal tax and nontax payments do
Equals: Disposable personal income
do
Personal saving §
do

262.0
30 4
231.5
21.1

263.0
32 5
230. 5
17.3

264.4
32 9
231.5
16.5

268.9
33 6
235.3
20 3

PERSONAL INCOME, BY SOURCE!
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
Govp.rnmp.nt
do
Wage and salary receipts, total
do
Other labor income
do __
Proprietors' and rental income
__do
Personal interest income and dividends. _do
Transfer pavments __
_.
do
Less personal contribution s for social insurance 0
bil. of dol..
Total nonagricultural income..
do

261.7
174.0
75.9
46.5
20.7
30.9
170.5
4.3
53.4
20.8
12.7

260.9
174.8
75.8
46.5
20.8
31.7
171.3
4.2
52.5
20.5
12.4

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

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

264.5
177.9
76.7
47.7
21.3
32.2
174.6
4.4
51.7
21.5
12.6

266.7
179.3
77.2
48.5
21.3
32.3
175.8
4.5
52.8
21.4
12.5

263.9
177.4
74.0
49.3
21.5
32.6
173.9
4.5
52.2
21.3
12.4

269.6
182.5
78.7
49.4
21.5
32.9
179.0
4.5
51.8
21.4
13.1

3.5

3.5

3.4

3.9

3.8

3.8

3.6

3.6

3.8

3.9

239.5

240.7

241.7

243.4

242.7

242.9

244.9

245.9

243.4

249.4

273. 8
185 3

r
81.6
r
49.3
r

r

3.7

239.1

T
r

21.6
32 8
181. 9
4.5
r
53.4
21.4
r
12.9

275 8
187 0
82.7
49.5
21 8
33 0
183.6
4.6
53 6
21.4
13 0

3.7
r

3.8

253.0

255.2

NEW PLANT AND EQUIPMENT
EXPENDITURES*
7,421
All industries, quarterly total ..
mil. of dol
«• 6, 913
6, 228
6,420
Manufacturing
do
»-3 264
2,742
3 335
2 934
208
244
Mining
do
201
220
362
432
Railroads
do
290
381
Transportation, other than rail
do
361
344
310
378
1 117
Public utilities
do
847
957
970
Commercial and other
do
1,949
1,708
1,713
1,715
r
Revised.
fRevised 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.
(^Includes inventory valuation adjustment.
9 Government sales are not deducted.
§ Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.
OData 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