Full text of The National Income and Product Account : Second Quarter 1953

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BUSINESS STATISTICS
JL HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1953 Statistical Supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $1.50) contains monthly data for the years 1949 to 1952, 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 1949. Series
added or revised since publication of the 1953 Supplement are indicated by an asterisk (*)vand 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.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely,
provided through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey

Data from private sources are

1953

1952

August

September

October

November

December

January

February

March

April

May

June

July

August

GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates:
National income, total
bil. ofdol
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,
total c? do
Business and professional d1- .
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

290.4
194.1
184.4
151.5
10.6
22 4

301.4
201.3
191.3
158 3
10.4
22 6
10.0
51.1
26.7
14.0
10 3

' 306. 7
204.5
194 5
161 3

310.7
208.0
198.0
164 5

10.0
50 8
27.0
13 4
10 4

10.0
49.7
27.0
12.3
10.4

'43.
8
r
44 6
r
24.4
20 3

45.2
45.9
25.0
20.8

.7
7.1

41. 7
40.3
21.2
19 1
1.4
7 4

-.8

76

-.6
7.7

Gross national product, total
do
Personal consumption expenditures total do
Durable goods
do
Nondurable goods
do
Services
.
do
Gross private domestic investment, total
bil ofdol
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 9
do
State and local
do

345.3
217 2
25.1
118 7
73.3

361.1
224 4
28.2
121. 1
75.1

362.0
227 7
30.2
121 2
76.3

372.4
230.4
30.7
122.1
77.6

52.3
23.1
24 9
4.2
-2.0

57 9
23.9
25.5

-1.6

54 0
25.0
26.2
2.9
-2.1

61.0
25.3
26.9
8.8
-2.5

77.8
54.6
49.2
23.2

80.4
56 4
50.5
24.0

82.4
57 4
51.6
24 9

83.5
58 9
53.5
24.6

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

271.4
34 8
236.6
19.4

278.3
35 3
243. 0
18.6

281.6
36.2
245.4
17.7

284.4
36 7
247.7
17.2

9.6

51.5
26.1
15.2
10 2
37.7
37 0
19.4
17 5

do
do
do
do. _.

8.5

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
Government _
._. .._ do
Wage and salary receipts, total
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

271.3

185.4
80.6
49.5
22.2
33.1
181.9
4.7
50.6
21.0
13.4

276.4
188.4
83.8
49.4
22.3
32.9
184.8
4.9
52.5
21.2
13.3

277.3
190.2
84.7
50.0
22.4
33.1
186.6
5.0
51.4
21.3
13.3

277.2
191.4
85.6
50.0
22.5
33.3
187.8
5.1
50.0
21.4
13.1

280.6
192. 5
87.0
50.1
22.6
32.8
188.7
5.1
51.8
21.5
13.6

280.5
192.8
86.8
50.2
22.7
33.1
188.8
5.1
51.6
21.6
13.5

281.0
194.6
88.0
50.6
22.8
33.2
190.9
5.1
50.2
21.7
13.3

283.6
196.2
88.8
50.9
23.2
33.3
192.4
5.1
50.7
21.9
13.7

282.7
196.6
88.8
51.0
23.4
33.4
192.8
5.1
49.4
22.0
13.6

284.7
198.0
89.3
51.7
23.5
33.5
194.2
5.1
50.0
22.1
13.5

286.3
199.5
89.8
52.2
23.9
33.6
195.6
5.1
50.1
22.3
13.5

3.8

3.9

3.9

3.8

3.9

4.1

3.9

4.0

4.0

4.0

4.2

251.9

255.7

258.0

259.1

261.6

261.1

263.3

265.4

265.5

267.2

268.8

r 287. 5
201.2
'90.6
'52. 9
'24.2
'33.5
197.3
5.1
'49.5
'22.4
13.5
4.2
' 270. 6

287.0
200.7
89.9
53.0
24.2
33.6
196. 8
5.1
49.3
22.5
13.6

4.2
270.3

NEW PLANT AND EQUIPMENT
EXPENDITURES
7,225
1 7, 408
7,265
6,147
6,244
All industries quarterly total
mil of dol
1 3, 425
3,280
3,367
2,747
2,820
Manufacturing
do
i 244
212
229
199
206
Mining
do
1331
358
310
357
289
Railroads
do
1358
339
311
335
302
Transportation other than rail
do
1,148
11,231
1,142
904
947
Public utilities
do
1 1, 820
1,887
1,675
1,835
1,680
Commercial and other
...do ._.
'Revised.
1 Estimates for July-September based on anticipated capital expenditures of business; those for October-December 1953 appear on p. 4 of the September 1953 SURVEY.
cflncludes inventory valuation adjustment.
9Government sales are not deducted.
§Personal saving is excess of disposable income over personal consumption expenditures shown
as a component of gross national product above.




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