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SURVEY OF CUEEENT BUSINESS

May 1970

NATIONAL INCOME AND PRODUCT TABLES
1970

1968
IV

1968

IT

III

1968
IV

IV

Seasonally adjusted at annual rates

1970

1969
II

III

IV

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)
Gross national product. _

865.7

Durable goods..
Nondurable goods
Services

_

__

908.7

924.8

942.8

952.2

959.6

707.6

727.5

718.5

723.1

726.7

730.6

729.8

724.3

550.7

562.0

572.8

579.8

589.5

600.4

452.6

466.1

457.6

462.9

466.2

466.5

468.6

471 7

89.8
243.6
242.6

86.3
234.3
230.1

88.4
238.6
235.0

90.6
242 1
240.1

89.8
245.1
244.9

90.4
248.7
250.3

89.4
255.4
255.6

80.7
196.9
175.0

84.9
199.4
181.8

82.7
197.2
177.7

84.3
199.3
179.3

85.9
199 3
181 0

84.7
199 3
182.5

84.8
199.6
184.2

83 3
202 8
185 5

105.7

126.3

Nonresidential
_ _ _ _ _ _
Structures
Producers' durable equipment

_ _

Residential structures .
Nonfann
Farm
Change in business inventories
Nonfarm .
Farm

.

.

.

135.2

137.4

143.3

141.8

135.0

111.8

110.9

109.9

110.8

114.3

112.2

104 9

123.4

128 6

130 5

132 5

134 0

134.2

99.1

104.8

101.4

104.0

104 8

105 0

105.5

104 3

88.8
29.3
59.5

99.2
33.4
65.8

91.5
30.1
61.4

95.3
32.3
63 0

97.8
32.1
65 7

101.1
34.7
66 4

102.5
34.5
68 0

104.0
35.6
68.5

75.8
22.7
53.2

81.4
24.0
57.4

77.3
22.9
54.4

79.4
23.9
55.5

81.0
23.3
57 7

82.4
24.6
57.8

82.8
24.3
58.6

82.8
24.7
58.1

32.2
31.7
5

31.9
31.4
5

33.3
32 8
5

32.7
32 2
5

31.4
30 9
5

31.6
31 0
5

30.2
29.7
.5

23.3
22.8
4

23.4
23 0
4

24.1
23.7
4

24.6
24.2
4

23.8
23 4
4

22.6
22.2
4

22.7
22.3
4

21.5
21.1
4

7.3
7.4
-.1

_. _ _

133.9

131.4

30.2
29.6
5

Fixed investment

139.4

119.0

Gross private domestic investment

8.0
7.8
.2

10.5
10.7
-.2

66
6.6
.0

69
67
.2

10 7
10 3
.4

77
7.4
.4

.8
.4
.4

6.6
6.7
-.1

69
6.7
2

9.6
9.8
—.2

5.9
5.9
.0

60
58
.2

9.3
8.9
.4

6.7
6.4
.3

.6
.3
.3

2.5

__

_ _

Government purchases of foods and services
Federal
National defense
Other .

__

_.

State and local .

1.2

1.5

1.6

2.7

27

3.0

.9

o

— .2

— .3

— .5

.4

.5

.9

55 3
53 2

50 6
49.4

47 6
46 1

57 1
55 5

57 8
55 2

58 6
55 9

60.8
57.8

45 6
44.7

48 0
48 0

45 5
45.7

41.9
42.2

50 4
50 8

50 2
49.8

49.7
49.2

51.5
50.6

200.3

_ _

2.1

50 6
48.1

214 6

206.7

210 0

212 9

217 0

218 3

221.2

149.4

148.4

99.5
78 0
21 5

101.9
79 2
22 7

101.9
79 3
22 5

101.6
79 0
22 6

100 6
78 5
22 1

103 2
80 3
22 9

102.3
79 2
23 1

102.3
78 9
23 3

78.9

76.0

79.4

78.3

76.3

75.5

73.9

71.2

100 7

Net exports of foods and services
Exports
Imports

892.5

576.0

83.3
230.6
222.8

_.

932.1

536.6

_

Personal consumption expenditures

112 7

104 8

108 5

112 3

113 8

116 0

118 9

69 5

73 7

70 8

72 3

73 9

73.9

74.6

75.5

148.4

149 7

150.2

150.6

150.2

146.7

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
865.7

932.1

892.5

908.7

924 8

942 8

952 2

959 6

707.6

727 5

718.5

723.1

726.7

730.6

729.8

724. 1

858 4
73

924 1
80

882 0
10 5

902 1
66

917 9
69

932 0
10 7

944 5
77

958 9
g

701 0
66

720 6
69

709 0
96

717.2
5.9

720 7
60

721.3
9.3

723.1
6.7

723.
.(

431.1

459 8

443 5

447 9

456 5

465 9

468 8

467 1 381 3

392 7

388.2

389.1

391.6

395.9

394.2

387. <

423.7
7.3

451.8
8.0

433.0
10.5

441 3
6.6

449 6
69

455 2
10 7

461 1
7.7

466 3
g

374.7
6.6

385.8
6.9

378.7
9.6

383.2
5.9

385.7
6.0

386.6
9.3

387.5
6.7

387.J
.(

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

176 7
171 4
53

191 7
186 2
5.5

184 0
176 6
74

186 4
181 6
4 8

190 3
185 5
49

195 4
187*8
76

194 6
189 9
4 7

188 7
190 1
-1.3

162 8
158 0
4 7

171 9
167*2
47

167 8
161 2
65

169 0
164 8
4.2

171 4
167 3
4.1

174.7
168.1
6.6

172.6
168.6
4.0

165. *
167. (
— 1.

Nondurable goods
Final sales
Change in business inventories

254 4
252 3
20

268 1
265 6
25

259 5 261 5 266 2
256 4 259 7 264 1
31
18
21

270 5
267 4
31

274 2
271 2
30

278 3 218 6 220 8
276 2 216 7 218 6
21
19
2 2

220 5
217 5
30

220 2
218 4
17

220 2 221.2
218 4 218. 5
2.7
19

221.5
218.9
2.6

220.

347 5

377 4

358 5

373 4

381 6

388 6

397 3

259 9

267 1

262 7

264.6

267.0

267.6

269.3

270.

87 1

95 0

90 6

94 8

95 3

94 8

95 2

66 4

67 7

67 5

69.3

68.0

67.1

66.3

Gross national product
Final sales
Change in business inventories
Goods output.. _ _ _
Final sales
Change in business inventories

Services
Structures

_

365 8
94 9

222.
1.

65 J

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. ._




865 7

932 i

892 5

908 7

924 3

942 g

952 2

959 6

707 6

727 5

718 5

723 1

726 7

730.6

729.8

724.

770-5

828 0

794 o

808 5

822 7

836 5

844 3

847 8

647 9

666 5

658 3

662 6

665 8

669.4

668.2

662.

740 6
715 7
24 9

795 3
768 3
27 0

763 1
738 4
24 7

776 7
751 1
25 7

790 5
763 0
27 6

803 6
775 9
27 7

810 3
783 3
26 9

784. ft
97 Q

812 7

627 5
604 2
23 3

645 2
621 7
23 5

637 5
614 6
22 9

641 5
617 8
23 7

644 8
621 1
23 7

648.2
624 1
24.1

646.5
624.0
22.6

640.
616.
23.

25.2

28 6

26 0

27 2

28 3

28 9

30 0

31 1

15 9

17 3

16 2

16.8

17 2

17.4

17.8

18.

4 6

4 3

37

3.9

3.8

3.

60 9

61.1

61.6

62.

4 7
95 2

4 1
104 1

4 9
98 5

4 5
100 2

39
102 1

41
106 2

4 0
108 0

39
111 8

4 5
59 7

See note on page 13 regarding the treatment in the national
income and product accounts of the retroactive portion of the
Federal Government pay raise and the allocation of Special
Drawing Rights.

39
61 0

60 2

60 5

CURRENT BUSINESS STATISTICS

_LHE STATISTICS here update series published in the 1969 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $3.00) provides a description of «ach series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1965 through 1968 (1958-68 for major quarterly series), annually, 1939-68; for selected series,
monthly or quarterly, 1947-68 (where available). Series added or significantly revised after the 1969 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (f), respectively; certain revisions for 1968 issued too late for inclusion in the 1969 volume appear in the monthly
SURVEY beginning with the September 1969 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding
to revised annual data are available upon request.
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.
1967
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown in
the 1969 edition of BUSINESS STATISTICS

1968

I

Annual total

II |

1969

1968

1967

1969

III

IV

II

I

III

I

IV

II

1970
III

IV

I

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
793 5

865 7

932 1

774 2

783 5

800 4

816 1

835 3

858 7

876 4

892 5

908 7

924,8

942.8

952.2

r

492.3

536.6

576.0

480.9

489.8

495.7

502.6

520.6

530.3

544.9

550.7

562.0

572.8

579.8

589.5

' 600. 4

73 0
do
do
30 5
do_ . 31.3

83 3
37 0
34 2

89 8
40 4
36.0

70 0
28 4
30 7

73 5
31 3
31 2

73 3
30 9
31 2

75 2
31 2
32 2

79 5
34 8
33.4

81 8
35 6
33 8

85 8
38 6
35.0

86 3
39 0
34 6

88 4
39 4
35.5

90.6
40.0
36.8

89.8
40.8
35.8

90.4
41.3
35. 8

'89.4
••38.3
'37.3

215 1
42 5
108 1
17.7

230 6
46 3
115 0
19.1

243.6
49 9
119 8
21.3

213 2
41 7
107 8
17 3

214
42
107
17

4
6
6
5

215 8
42 9
108 1
17 9

216 8
42 7
108 9
18 1

226 1
45 0
112 6
18.9

228 5
45 6
114 8
18.8

233 3
47 4
116 1
19.5

234
47
116
19

3
3
4
5

238 6
48 1
118 4
20.4

242.1
50.0
119.1
21.0

245.1
50 8
119.9
21.8

248.7
50.8
121.7
22.0

r 255. 4
'51. 0
' 125. 9
'22.8

do
_do_
_do
do

204.2
29.1
71.8
14.7

222.8
31.2
77.4
16.1

242.6
33.5
83.7
17.5

197.7
28 2
70 1
14 4

201.8
29 0
71.1
14.5

206.6
29 3
72.3
14.8

210.6
30 1
73.7
15.0

215.1
30.5
75.2
15.5

220.0
30 7
76.7
15.9

225.8
31.6
77.9
16.3

230.1
31.9
79.8
16.5

235. 0
32.7
81.3
17.1

240.1
33.1
82.8
17.3

244.9
33.9
84.4
17.7

250.3
34.1
86.4
17.9

255.6
35.0
88.3
18.4

do

116 0

126 3

139.4

113 6

109 4

117 7

123 3

119 4

126 6

125 2

133 9

135 2

137.4

143 3

141.8

f 135. 0

do
do
_.do
do
do_ _
do
do
do

108.6
83.7
27.9
55.7
25.0
24.4
7.4
6.8

119.0
88.8
29.3
59.5
30.2
29.6
7.3
7.4

131.4
99.2
33.4
65.8
32.2
31.7
8.0
7.8

104.7
83.3
29.0
54 2
21.4
20.9
90
9.1

106.1
83.0
27.2
55.8
23.1
22.5
3.4
3.0

109.9
83.5
27.8
55.7
26.5
25.9
7.8
7.0

113.8
85.0
27.8
57.2
28.8
28.3
9.5
8.0

117.7
89.1
29.8
59.4
28.6
28.0
1.6
1.3

116.7
86.4
28.3
58.1
30.3
29.7
9.9
10.3

118.0
88.1
29.0
59.1
29.9
29.4
7.2
7.5

123.4
91.5
30.1
61.4
31.9
31.4
10.5
10.7

128.6
95.3
32.3
63.0
33.3
32.8
6.6
6.6

130.5
97.8
32.1
65.7
32.7
32.2
6.9
6.7

132.5
101.1
34.7
66 4
31.4
30.9
10.7
10.3

134.0
102.5
34.5
68.0
31.6
31.0
7.7
7.4

r 134. 2
r 104. 0

do
do

5.2
46.2
41.0

2.5
50.6
48.1

2.1
55.3
53.2

5.4
45 8
40.4

5.8
45.9
40.1

5.6
46.3
40.7

3.8
46.7
42.8

1.9
47.7
45.9

3.4
50.7
47.3

3.6
53.4
49.7

1.2
50.6
49.4

1.5
47.6
46.1

1.6
57.1
55.5

2.7
57 8
55.2

2.7
58.6
55.9

'3.0
'60.8
'57.8

Govt. purchases of goods and services, totaL.do
Federal
do
National defense
- - - do
State and local
do

180.1
90.7
72.4
89.3

200.3
99.5
78.0
100.7

214.6
101.9
79.2
112.7

174.2
87.8
69.9
86.4

178.5
90.3
71.9
88.1

181.3
91.3
73.0
90.0

186.4
93.5
74.6
92.9

193.4
96.3
76.1
97.1

198.4
99.0
77.9
99.4

202.5
100.9
78.8
101.7

206.7
101.9
79.3
104.8

210.0
101.6
79.0
108.5

212.9
100.6
78.5
112.3

217.0
103.2
80.3
113.8

218.3
102.3
79.2
116.0

'221.2
' 102. 3
'78.9
'118.9

By major type of product:
Final sales total
Goods total
Durable goods
_
Nondurable goods
Services
Structures

786.2
391.0
157.0
234.1
316.7
78.4

858.4
423.7
171.4
252.3
347.5
87.1

924.1
451.8
186.2
265.6
377.4
95.0

765.2
382.5
151.9
230.7
306.4
76.3

780.2
792.6
392.5 393.3
158.3
157.7
234.2
235.5
312.0
320.1
75.6 * 79.3

806.6
395.8
160.0
235.9
328.4
82.4

833.6
412.8
166.4
246.5
335.0
85.8

848.8
419.3
168.9
250.4
343.4
86.0

869.2
429.9
173.7
256.1
353.2
86.1

882.0
433.0
176.6
256.4
358.5
90.6

902.1
441.3
181.6
259.7
365.8
94.9

917.9
449.6
185.5
264.1
373.4
94.8

932.0
455.2
187.8
267.4
381.6
95.3

944.5
461.1
189.9
271.2
388.6
94.8

' 958. 9
466.3
190.1
276.2
397.3
95.2

7.4
3.9
3.5

7.3
5.3
2.0

8.0
5.5
2 5

9.0
4.2
4.7

9.5
5.6
3.9

1.6
1.9
-.3

9.9
6.8
3.1

7.2
5.1
2.1

10.5
7.4
3.1

6.6
4.8
1.8

6.9
4.9
2.1

10 7
7.6
3.1

7.7
4.7
3.0

'.8
-1.3
2.1

Gross national product total

toil

$

Personal consumption expenditures, total
Durable goods total 9
Automobiles and parts
- Furniture and household equipment
Nondurable goods total 9
Clothing and shoes
Food and beverages
Gasoline and oil
Services, total 9
-Household operation
Housing
Transportation

-

-

Gross private domestic investment, total
Fixed investment
Nonresident ial
Structures
Producers' durable equipment
Residential structures
Nonfarm
- -Change in business inventories
Nonfarm
_
Net exports of goods and services
Imports

-

do

__do _
do
do
do_ __

_ _ _ _ _ _do_ _
do
do
_ _ _ _ _ _ _ do_ _
do
do

Change in business inventories
Durable goods
Nondurable goods

do
do
do

3.4
1.5
1.8

7.8
4.4
3.4

959. 6

"35.6
'68.5
'30.2
'29.7
'.8
'.4

GNP in constant (1958) dollars
bil. $

674.6

707.6

727.5

666.5

670.5

678.0

683.5

693.3

705.8

712.8

718.5

723.1

726.7

730 6

729.8

' 724. 3

do

430.3

452.6

466.1

424.4

430.5

431.9

434.3

445.6

449.0

458.2

457.6

462.9

466.2

466.5

468.6

'471.7

do_
do
_ _ _ _ _ do

72.8
190.3
167.2

80.7
196.9
175.0

84.9
199.4
181.8

70.3
190.2
163.9

73.9
190.6
166.1

73.0
190.3
168.6

73.9
190.2
170.3

77.7
196.0
171.8

79.5
195.8
173.7

83.0
198.7
176.5

82.7
197.2
177.7

84.3
199.3
179.3

85.9
199.3
181.0

84.7
199 3
182 5

84.8
199.6
184.2

'83.3
202.8
' 185. 5

Gross national product total
Personal consumption expenditures, total
Durable goods
Nondurable goods
Services

_ _ _

Gross private domestic investment, total

do

100.8

105.7

111.8

100.5

95.7

101.6

105.4

101.2

106.6

104.1

110.9

109.9

110.8

114 3

112.2

' 104. 9

Fixed investment
Nonresidential
_ _ __
Residential structures
_ _ _
Change in business inventories
_

do
do_ .
__do
do

93.9
73.6
20.3
6.9

99.1
75.8
23.3
6.6

104.8
81.4
23.4
6.9

92.0
74.1
17.9
8.5

92.6
73.5
19.0
3.1

94.3
73.1
21.2
7.4

96.7
73.8
23.0
8.7

99.8
77.1
22.7
1.5

97.6
74.0
23.5
9.0

97.7
75.0
22.7
6.4

101.4
77.3
24.1
9.6

104.0
79.4
24.6
5.9

104.8
81.0
23.8
6.0

105 0
82 4
22 6
93

105.5
82.8
22.7
6.7

' 104. 3
'82.8
21.5
'6

do

3.6

.9

.0

4.0

4.2

4.1

2.0

.9

1.3

1.7

—.2

-.3

—.5

4

5

148.4
140.0
149.7
Govt. purchases of goods and services, totaL.do
78.9
74.8
76.0
Federal
do
65.2
69.5
73.7
State and local
do
r
Revised.
* Preliminary.
9 Includes data not shown separately.

137.6
72.8
64.8

140.1
75.1
65.0

140.4
75.5
64.9

141.7
75.7
66.0

145.6
77.3
68.3

148.9
79.6
69.3

148.8
79.2
69.6

150.2
79.4
70.8

150.6
78.3
72.3

150.2
76 3
73.9

149.4
75 5
73! 9

148.4
73 9
74/6

Net exports of goods and services




'9

146.7
' 71 2
'75.5

SURVEY OF CUERENT BUSINESS

S-2
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown in
the 1969 edition of BUSINESS STATISTICS

1967

196S

Annual total

1968

1967

1969
II

III

May 1970

IV

I

II

1970

1969
III

IV

I

II

III

IV

I

II

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
National income, total
bil. $

654.0

714.4

771.0

646.2

658.5

672.0

688.8

707.4

724.1

737.3

751.3

765.7

780.6

786.5 p 792. 1

Compensation of employees, total

do

467.4

513.6

564.3

461.1

470.7

481.7

495.1

507.0

519.8

532.3

546.0

558.2

571.9

581.1 ' 592. 0

Wages and salaries, total
Private
Military
Government civilian
Supplements to wages and salaries
Proprietors' income, total 9
Business and professional 9
Farm
Rental income of persons

do
do
do
do
do
do
do
do
do

423.5
337.3
16.2
70.0
43.9
61.9
47.2
14.7
20.8

465.0
369.0
18.0
78.0
48.6
63.8
49.2
14.6
21.2

509.9
405.3
19.2
85.4
54.4
66.3
50.2
16.1
21.6

417.7
333.0
15.9
68.8
43.4
61.7
47.1
14.7
20.8

426.5
339.6
16.1
70.8
44.2
62.6
47.8
14.8
20.9

436.5
346.3
17.0
73.2
45.1
62.3
47.5
14.9
21.0

448.2
355.9
17.3
75.0
47.0
63.2
48.4
14.8
21.1

459.0
364.5
17.6
76.8
48.0
63.6
49.2
14.3
21.2

470.7
372.7
18.7
79.3
49.1
64.1
49.3
14.8
21.2

482.1
382.8
18.3
80.9
50.2
64.1
49.7
14.4
21.4

493.3
392.5
18.2
82.5
52.7
64.6
49.7
14.9
21.5

504.3
402.0
18.4
84.0
53.8
66.5
50.1
16.4
21.6

516.9
410.2
20.1
86.6
55.0
67.3
50.5
16.8
21.7

525.0 ' 534. 9
416.6 ' 422. 3
19.9 -20.8
88.5 •91.8
56.1
57.1
66.7 '66.6
50.4 '50.1
16.3
16.5
22.0
21.8

79.2

87.9

88.2

78.3

79.1

81.1

82.5

88.2

90.6

90.3

89.5

89.2

88.8

85.2

*79.2

10.5
68.8
39.0
18.1
. 20.9

11.5
76.4
44.4
19.9
24.5

12.9
75.3
43.9
20.4
23.5

10.3
68.0
38.8
17.9
20.8

10.5
68.6
38.3
18.0
20.4

10.8
70.3
39.5
18.3
21.2

11.0
71.6
41.1
19.1
22.0

11.2
76.9
44.9
19.8
25.1

12.1
78.5
45.4
20.4
25.0

11.9
78.5
46.2
20.4
25.8

12.3
77.2
45.1
20.3
24.7

12.7
76.5
44.9
21.0
23.9

13.3
75.6
43.8
20.0
23.8

13.3
71.9
41.7
20.1
21.6

P13.2
P66.0

10.8
19.0

11.6
20.4

11.7
19.7

10.7
18.5

10.8
19.5

10.9
19.9

11.3
19.1

11.5
20.6

12.0
21.0

11.6
20.7

11.8
20.3

11.7
19.9

11.9
19.9

11.4
18.8

80.3
33.0
47.3
21.5
25.9
-1.1
24.7

91.1
41.3
49.8
23.1
26.7
-3.2
28.0

93.7
43.3
50.5
24.6
25.9
—5 6
30.6

79.1
32.6
46.4
21.7
24.8
-.7
24.3

79.5
32.5
47.0
22.0
25.0
-.4
25.1

84.4
34.5
49.9
21.1
28.8
-3.3
25.9

87.9
39.9
47.9
22.2
25.7
-5.3
26.7

90.7
41.1
49.7
22.9
26.7
-2.6
27.5

91.5
41.4
50.0
23.6
26.5
-.9
28.4

94.5
42.9
51.6
23.8
27.8
-4.2
29.3

95.5
43.9
51.7
23.8
27.9
-6.1
29.8

95.4
44.1
51.3
24.3
27.0
-6.2
30.3

92.5
42.8
49.7
24.9
24.9
-3.7
30.9

91.4
42.4
49.0
25.2
23.8
-6.2
31.6

P85.1
p39. 1
*46.1
25.2
P20.9
-5.9
32.3

629.4
82.9
546.5
506.2
40.4

687.9
97.9
590.0
551.6
38.4

747.2
117.5
629.7
592.0
37.6

622.2
80.6
541.6
503.9
37.7

634.5
84.1
550.3
509.7
40.7

645.9
86.1
559.8
516.6
43.1

664.3
89.3
575.0
535.1
39.9

680.1
92.7
587.4
545.1
42.3

696.1
102.6
593.4
560.2
33.2

711.2
107.0
604.3
566.2
38.0

724.4
114.2
610.2
577.7
32.5

740. 5
118.5
622.0
588.8
33.3

756.5
117.5
639.0
596.0
43.1

767.4
119.9
647.5
605.8
41.7

' 778. 6
' 118. 2
r 660. 4
' 616. 9
'43. 5

65.47
28.51
14.06
14.45

67.76
28.37
14.12
14.25

75.56
31.68
15.96
15.72

16.69
7.33
3.56
3.77

16.20
6.88
3.40
3.48

18.12
7.77
3.96
3.81

15.10
6.15
3.06
3.09

16.85
6.99
3.36
3.63

16.79
7.13
3.54
3.59

19.03
8.10
4.16
3.94

16.04
6.58
3.36
3.22

18.81
7.82
3.98
3.84

19.25
8.16
4.03
4.12

21.46 i 17. 76
9.12
7.25
3.68
4.59
4.53
3.56

36.96
1.65
1.86
2.29
1.48
8.74
6.75
2.00
6.34
14.59

39.40
1.63
1.45
2.56
1.59
10.20
7.66
2.54
6.83
15.14

43.88
1.86
1.86
2.51
1.68
11.61
8.94
2.67
8.30
16.05

9.36
.39
.45
.72
.38
2.18
1.65
.53
1.60
3.65

9.32
.44
.41
.56
.41
2.35
1.71
.64
1.57
3.59

10.35
.47
.50
.64
.38
2.59
2.08
.51
1.73
4.04

8.95
.42
.39
.68
.30
2.07
1.69
.38
1.59
3.50

9.86
.43
.37
.58
.42
2.62
1.94
.68
1.62
3.81

9.66
.39
.31
.64
.41
2.61
1.87
.74
1.61
3.69

10.93
.40
.38
.66
.47
2.90
2.16
.74
2.00
4.13

9.45
.42
.38
.68
.38
2.36
1.88
.48
1.81
3.41

10.99
.48
.44
.66
.46
2.99
2.22
.77
2.00
3.97

11.10
.47
.49
.53
.40
3.03
2.23
.80
2.11
4.07

12.34
.49
.55
.64
.44
3.23
2.61
.62
2.39
4.60

do
do
do
do

65.60
29.16
14.26
14.90

65.48
27.85
13.92
13.93

65.66
27.51
13.71
13.80

68.09
28.02
14.11
13.91

66.29
27.84
13.51
14.33

67.77
28.86
14.47
14.40

69.05
28.70
14.39
14.31

72.52
29.99
15.47
14.52

73.94
31.16
15.98
15.18

77.84
33.05
16.53
16.52

77.84
32.39
15.88
16.50

do
do
do
do
do
do
do
do
do
do

36.45
1.52
1.78
2.43
1.38
8.51
6.48
2.04
6.30
14.53

37.62
1.76
1.72
2.35
1.66
8.86
6.86
1.99
6.49
14.80

38.15
1.78
1.82
2.79
1.41
9.46
7.47
1.99
6.37
14.54

40.07
1.80
1.68
2.88
1.43
10.08
7.76
2.32
6.83
15.37

38.45
1.66
1.49
1.98
1.49
10.24
7.64
2.60
6.42
15.17

38.91
1.57
1.29
2.69
1.65
9.82
7.50
2.32
6.67
15.22

40.35
1.52
1.34
2.87
1.75
10.63
7.74
2.89
7.34
14.91

42.53
1.83
1.68
2.89
1.87
11.52
8.62
2.90
7.74
15.00

42.78
1.88
1.76
2.22
1.66
11.68
8.71
2.97
7.92
15.67

44.80
1.89
2.06
2.23
1.65
11.48
8.98
2.50
8.71
16.78

45.46
1.85
1.94
2.80
1.63
11.80
9.36
2.44
8.76
16.67

11, 484
7,723
335
1,580
1,846

11, 577
7,669
239
1,801
1,868

11, 667
7,601
332
1,879
1,855

11, 934
7,941
305
1,771
1,917

12,668
8,395
353
1,973
1,947

13, 344
8,879
406
2,040
2,019

12, 653
8,383
364
1,917
1,989

11,919
7,478
414
2,117
1,910

14,254
9,599
331
2,148
2,176

14,553 Pl4, 661
9,581 p9, 829 plO, 218
p341
417
2,362 p2, 270
2,193 p2, 221

-41,012 -43,077 p-53,314 -10,033 -10,173
Imports of goods and services
do
-26,821 -32,972 p-35,797 -6, 465 -6, 542
Merchandise, adjusted, excl. military
do
-4, 378 -4, 530 p-4, 881 -1,075 -1,106
Military expenditures
do
-580
-2,362 -2,932 p-4, 431 -591
Income on foreign investments in the U.S__do
-7,451 -7,643 p-8, 205 -1,902 -1,945
Other services
do
Unilateral transfers, net (excl. military grants);
-836
-2, 998 -2,865 p-2,513 -823
transfers to foreigners ( )
mil $
T
l
Revised.
* Preliminary.
Estimates (corre cted for s} stematic 1Diases) for Jan.-Mar.
1970 and Apr.-June 1970 based on expected capital expendiUires of bu siness. E xpected ex2 I meludes co mpenditures for the year 1970 appear on p. 19 of the Mar. 197(3 SURVEY
} Revised series; explanati on
munication.
9 Includes inventory valuation adju stment.
of revisions and annual and quarterly data back to 1947 appea r on pp. 2 5 ff . of tlle Jan. 1 970
SURVEY; see also pp. 19 ff. of the Feb. 1970 SURVE Y.
0Personal otitlays co mprise p er-

-10,706
-7,154
-1,112
-607
-1,833

-11,463
-7,817
-1,102
-671
-1,873

-11,827 -12,435 -12,352
-8, 131 -8, 566 -8, 458
1,143 -1,169
-1,116
-749
-742
-770
-1,838 -1,956 -1,976

-11,571
-7,579
-1,204
-893
-1,895

-13,964
-9,599
-1,208
-1,087
-2,070

Corporate profits and inventory valuation adjustment total
bil $
By broad industry groups:
Financial institutions
do
Nonfinancial corporations, total
do
Manufacturing, total
do
Nondurable goods industries
do
Durable goods industries
do
Transportation, communication, and public
utilities.
bil. $
All other industries
do
Corporate profits before tax, total
do
Corporate profits tax liability
do
Corporate profits after tax
do
Dividends
_ _ _ _ _
do
Undistributed profits,
do
Inventory valuation adjustment
do
N e t interest - _
_ _ _ _ _
do
DISPOSITION OF PERSONAL INCOME
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income, total
bil. $
Less* Personal tax and nontax payments
do
Equals: Disposable personal income
do
Less: Personal outlays© _
do
Equals: Personal saving§
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals :J
All industries
bil $
Manufacturing
do
Durable goods industries H
do _
Nondurable goods industries ^
do
Nonmanufacturing
Mining. ....
...
Railroad
Air transportation
Other transportation
Public utilities
Electric
Gas and other
Communication
Commercial and other . .
Seas. adj. qtrly. totals at annual rates :J
All industries
Manufacturing
Durable goods industries ^
Nondurable goods industries ^
Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation
Public utilities
Electric
Gas and other
Communication
Commercial and other,

do
do
do
do
do
do
do
do
do
do

U.S. BALANCE OF INTERNATIONAL
PAYMENTSd"
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl, transfers under
military grants)
mil. $__
Merchandise, adjusted, excl. military
do
Income on U.S. investments abroad
Other services




do
do

46, 189
30,681
1,239
6,872
7,397

50, 599 P55, 387
33, 598 p36, 487
1,428
Pl, 503
7,701 P8, 897
7,872 P8, 500

-13,847
-9,243
-1,220
-1,255
-2,129

i 20. 79
8.47
4.33
4.14

10.51
.41
.45
.69
.37
2.67
2.28
.39

12.32
.47
.54
.80
.40
3.52
2.82
.70

25.93

26.60

i 80. 00 i 81. 78
33.74
32.97
16.92
17.39
16.34
16.05

47.02
1.77
1.94
2.95
1.79
12.80
10.46
2.34

48.04
1.82
2.19
2.70
1.42
13.74
11.07
2.68

2 25.77 2 26. 16

p-13,93
p-9,37 p-9, 699
p-1,24
p-1, 19
p-2,11

p-732
-687
-793
-774
-601
-635
-690
-766
-648
jersonal ransfer payments
sona I consum ption exp enditure s, interes t paid bjT consum ers, and \
§Pers onal sav ing is exc ess of dis posable income OT7Qr perso nal outlays,
t o f o reigners.
HI)ata for individua 1 durablB and no ndurable goods in dustries compone nts appear in the
cf More coiuplete d etails are given in
Mar. , June, £ ept., ami Dec. issues of t he SURV EY.
thecjuarterly reviews in the M ar., June,, Sept., iind Dec. issues of the SUR VEY.
-Iiicludes t tie retro£ictive pa y increa 3e for Fe ieral per sonnel.

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