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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.

Data from private sources are pro-

1952

Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

1953

i

January

'ary"" 1 March

April

May

June

July

August

Septem

October

ber

December

January

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
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

186.5
177.4
145.8
10.0
21.7
9.0
52. 1
27.3
15.4
9.4

?300 2

287.7

285.6

288.0

186 9
177.8
145 6
10. 2
21.9
9.2
51.9
27.6
14.8
9.5

197 9
188.2
155 3

9
52
27
15
9

3
5
5
2
8

9.6
53 6
28.2
15 5
10.0

39 9
38 2
21.8
16.4
1 7
6.9

42.7
42.7
24.3
18.4
— .l
6.7

190 3
181 0
148 3

37 8
37 2
21.2
16 0
6
71

v 41 5
*40 3
p 23. 0
v 17.3
12
7.2

213.2
25 2
118. 0
70.0
50. 0
23 7
25.7
.6
2.2

214 9
26.4
117 8
70.8
49.3
23 6
25.7
1
.4

342.6

343.0
215
24
118
71
51
23
25
3
—1

0
2
9
9
7
o
0
7
6

360.1
222 0
27.3
121 4
73.3
57 3
23 7
25 6
81
2

74.4
51.2
46.4
23.2

78.0
54 9
50.3
23 0

77
54
49
23

9
8
6
1

80.6
56 6
50.4
24 0

264 4
33 6

268
34
234
19

9
1
8
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
National security $ _ _ __
do
State and local
do

339.7

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

263. 0
33.5

do
do
do
do

229.5

230.8

16.3

15 9

277
34
242
20

0
6
5
5

r 280

0

PERSONAL INCOME, BY SOURCE f
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
do
Other labor income
do
Proprietors' and rental income
._ do
Personal interest income and dividends. _do
Transfer pavmeiits
do
Less personal contributions for social insurance O
bil. of dol. .
Total nonagricultural income

__ _

_ _ _do

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

273 8
185 3
81.6
49 3
21 6
32 8
181 9
4 5
53 4
21.4
12 9

276 1
187 5
82.9
49 9
21 8
32 9
184 0
4 6
53 5
21.3
13 0

275 8
187 9
83.5
49 6
21 9
32 9
184 4
4 6
52 9
21.3
12 8

f 189. 9
'85.4
r
50 0
r 21 9

r
32 8
r 186 4

r4 7
r 54 Q
r

21.2
13 4

280 5
190 3
85.1
50 3
22 1
32 8
186 6
4 7
54 7
21.2
13 6

3.9

3.8

3.8

3.6

3.6

3. 8

3.9

3.7

3.7

3.8

3.7

3.8

4.0

241.7

243.4

242.7

242.9

244.9

245.9

243.4

249.4

253 0

255 4

255.7

r 258 8

259 o

NEW PLANT AND EQUIPMENT
EXPENDITURES!
All industries, quarterly total
mil. of dol .
6,913
6,228
6,420
* 7 298
1 3 512
Manufacturing
do
2,742
3 264
2 934
Mining
_ _ _
do
208
i 221
220
201
1 365
Railroads
_ _
_
do
362
381
290
i 345
Transportation, other than rail
do
361
378
310
1
Public utilities
do....
847
957
970
1 187
Commercial and other
do
1,708
1,713
1,715
U.668
r
Revised.
v Preliminary.
i Estimates for October-December based on anticipated capital expenditures of business.
t Re vised 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.
JRevised 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