The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
SUEVEY OF CUREENT BUSINESS November 1953 Table 1.—National Income and Product, 1952 and First Three Quarters, 1953 [Billions of dollars] Unadjusted 1952 1952 Item Seasonally adjusted at annual rates 1953 1952 1953 I II III IV I II III I II III IV I II 291.6 70.7 71.8 73.0 76.1 75.7 77.4 (2) 286.8 287.9 290.4 301.4 306.7 310.7 (2) 193.2 183.6 151.1 10.4 22.2 9.6 46.3 43.8 35.8 2.5 5.5 2.4 47.2 44.7 36.6 2.6 5.5 2.5 48.6 46.3 38.3 2.6 5.3 2.4 51.1 48.8 40.3 2.6 5.9 2.3 50.4 47.8 39.4 2.6 5.8 2.6 51.8 49.1 40.8 2.6 5.8 2.6 52.6 50.2 42.1 2.6 5.5 2.4 187.9 178.6 146.9 10.1 21.6 9.3 189.5 180.1 147.7 10.4 22.0 9.5 194.1 184.4 151.5 10.6 22.4 9.6 201.3 191.3 158.3 10.4 22.6 10.0 204.5 194.5 161.3 10.4 22.8 10.0 208.0 198.0 164.5 10.6 22.9 10.0 210.4 200.6 166.9 10.5 23.1 9.8 51.2 26.3 14.8 10.0 12.6 6.5 3.7 2.4 12.9 6.6 3.8 2.5 12.9 6.5 3.8 2.6 12.8 6.7 3.5 2.6 12.7 6.7 3.4 2.6 12.4 6.7 3.1 2.6 12.3 6.7 2.9 2.6 50.5 26.1 14.7 9.6 51.5 26.3 15.3 10.0 51.5 26.1 15.2 10.2 51.1 26.7 14.0 10.3 50.8 27.0 13.4 10.4 49.7 27.0 12.3 10.4 - 49.1 26.9 11.6 10.6 Corporate profits and inventory valuation adjustment-Corporate profits before tax __ Corporate profits tax liability Corporate profits after tax.. Inventory valuation adjustment 40.2 39.2 20.6 18.6 1.0 10.1 10.1 5.3 4.8 .1 10.0 9.6 5.1 4.5 .4 9.7 9.5 5.0 4.5 .2 10.4 10.0 5.2 4.8 .3 10.7 10.9 5.9 4.9 -.2 11.3 11.5 6.0 5.4 -.2 (2) (22) () (2) -.6 41.7 41.5 21.8 19.7 .2 39.9 38.2 20.1 18.0 1.7 37.7 37.0 19.4 17.5 .7 41.7 40.3 21.2 19.1 1.4 43.8 44.6 24.4 20.3 -.8 45.2 45.9 25.0 20.8 -.6 8( ) Net interest Addendum: Compensation of general Government employees ._ _ 7.0 1.7 1.7 1.8 1.8 1.9 1.9 2.0 6.7 6.9 7.1 30.9 7.6 7.7 7.5 8.0 8.0 8.0 7.6 30.1 30.8 31.3 31.5 31.5 31.9 31.8 348.0 83.4 84.4 85.4 94.7 89.2 90.8 91.3 340.4 345.1 345.3 361.1 362.0 372.4 369.0 218.1 26.7 118.8 72.7 50.7 5.7 27.2 17.8 53.7 6.6 29.0 18.1 53.0 6.2 28.7 18.1 60.7 8.2 33.8 18.7 54.3 6.7 28.3 19.3 56.9 7.5 29.9 19.5 56.3 7.4 29.3 19.6 213.7 26.0 117.2 70.5 217.2 27.4 118.0 71.8 217.2 25.1 118.7 73.3 224.4 28.2 121.1 75.1 227.7 30.2 121.2 76.3 230.4 30.7 122.1 77.6 231.0 30.4 121.3 79.2 52.5 23.4 11.1 12.3 25.4 3.7 3.1 14.0 4.9 2.2 2.8 6.2 2.9 2.7 11.1 5.8 2.8 3.1 6.9 -1.7 -1.9 13.4 6.5 3.1 3.4 5.8 1.1 1.0 14.0 6.1 3.0 3. 1 6.5 1.4 1.3 15.3 5.3 2.4 2.8 6.3 3.7 3.7 13.5 6. 3 3.0 3.3 7.0 .2 .2 14.6 7.0 3.3 3.7 6.8 .7 .7 50.4 23.3 11.0 12.4 25.6 1.5 .6 49.6 23.4 11.0 12.4 25.6 .7 -.1 52.3 23.1 10.8 12.3 24.9 4.2 3.6 57.9 23.9 11.6 12.3 25.5 8.5 8.1 54.0 25.0 12.2 12.8 26.2 2.9 2.6 61.0 25.3 12.0 13.4 26.9 8.8 8.7 56.5 24.9 11.5 13.4 27. 1 4.5 4.4| III NATIONAL INCOME BY DISTRIBUTIVE SHAKES National income- _ Compensation of employees Wages and salaries Private _ _ Military Government civilian Supplements to wages and salaries Proprietors' and rental income 3. Business and professional Farm Rental income of persons __ - __ _ _ _ _ 2 (2) -2.6 GROSS NATIONAL PRODUCT OR EXPENDITURE Gross national product Personal consumption expenditures Durable goods Nondurable goods Services ___ Gross private domestic investmentNew construction Residential nonfarm Other Producers' durable equipment Change in business inventories, total___ Nonfarm only _ __ Net foreign investment -.2 .5 .1 -.6 9 -.5 -.6 -.7 2.1 .5 -2.0 -1.6 -2.1 -2.5 -2.1 Government purchases of goods and services Federal National security National defense . "Other national security Other Less: Government sales. _ State arid local 77.5 54.2 48.9 46.5 2.4 5.8 .5 23.4 18.1 12.7 11.5 11.0 .6 1.3 .1 5.4 19.6 13.7 12.5 11.8 .7 1.3 .1 5.9 19.6 13.7 12.3 11.6 .7 1.5 .1 6.0 20.2 14.1 12.6 12.2 .5 1.6 .1 6.1 20.2 14.4 12.9 12.3 .6 1.6 .2 5.8 21.0 14.7 13.4 12.8 .6 1.5 .2 6.2 21.1 14.6 13.0 12.6 .4 1.7 .1 6.5 74.1 51.0 46.2 43.9 2.2 5.4 .5 23.1 77.7 54.7 49.8 47.1 2,7 5.4 .5 23.0 77.8 54.6 49.2 46.4 2.8 6.0 .6 23.2 80.4 56.4 50.5 48.6 1.9 6.3 .5 24.0 82.4 57.4 51.6 49.4 2.2 6.5 .7 24.9 83.5 58.9 53.5 51.3 2.3 6.0 24^6 83.6 58.4 52.1 50.4 1.7 6.8 .5 25.2 269.7 64.4 66.3 67.7 71.3 69.1 70.7 71.4 262.8 266.0 271.4 278.3 281.6 284.4 286.8 34.6 31.1 3. 6 12.3 11.2 1.0 7.3 6.4 .9 8.1 7.3 .8 7.0 6.2 .8 12.7 11.5 1.2 7.2 6.2 1.0 8.7 7.8 .9 34.2 30.7 3.4 34.3 30.8 3.5 34.8 31.2 3.6 35.3 31.6 3.7 36.2 32.3 3.8 36.7 32.8 3.9 37.0 33.1 3.9 235.0 218.1 16.9 52.1 50.7 1.4 59.0 53.7 5.3 59.6 53.0 6.6 64.3 60.7 3.6 56.4 54.3 2.1 63.5 56.9 6.6 62.6 56.3 6.3 228.7 213.7 15.0 231.7 217.2 14.5 236.6 217.2 19.4 243.0 224.4 18.6 245.4 227.7 17.7 247.7 230.4 17.2 249.8 231.0 18.8 348.0 83.4 84.4 85.4 94.7 89.2 90.8 91.3 340.4 345.1 345.3 361.1 362.0 372.4 369.0 27.0 28.1 .9 .5 .1 6.4 6.6 .2 -.5 .0 6.7 6.9 .2 -1.3 .1 6.7 7.2 .2 -1.7 .0 7.1 7.4 .2 3.9 .0 7.1 7.1 .2 -.8 .0 7.3 7.5 .2 -1.6 .0 7.4 7.6 .2 2 () -.1 25.7 27.0 .9 .0 .1 26.9 28.0 .9 1.8 .4 28.2 28.9 .9 1.6 -.2 28.2 29.3 .9 -3.1 .0 29.2 30.1 .9 1.7 .2 29.6 30.0 .9 291.6 70.7 71.8 73.0 76.1 75.7 77.4 (2) 286.8 287.9 27.0 28.3 .9 -1.4 ^ 290.4 40.2 8.6 -.1 12.0 4.9 9.1 .9 10.1 2.5 .0 2.9 1.0 2.1 .2 10.0 2.2 .0 2.9 1.4 2.1 .2 9.7 2.1 -.1 3.0 1.1 2.1 .2 10.4 1.9 .0 3.1 1.4 2.8 .2 10.7 2.6 .0 3.2 1.1 2.2 .2 11.3 2.3 .0 3.2 1.3 2.2 .2 (2) 2.1 .0 3.1 1.1 2.2 .2 41.7 8.6 .1 11.5 4.9 9.1 .9 39.9 8.6 .0 11.7 4.9 9.1 .9 37.7 8.7 -.3 12.2 4.9 9.1 .9 41.7 8.8 .0 12.4 4.9 9.1 .9 43.8 9.0 .0 12.6 4.9 9.2 .9 45.2 9.0 .0 12.6 5.0 9.4 .9 (2) 8.8 .0 12.6 5.1 9.6 .9 269.7 64.4 66.3 67.7 71.3 69.1 70.7 71.4 262.8 266.0 271.4 278.3 281.6 284.4 286. g ____•_. __. _ DISPOSITION OF PERSONAL INCOME Personal income Less: Personal tax and nontax payments Federal State and local Equals: Disposable personal income Less: Personal consumption expenditures Equals: Personal saving _ _ _. RELATION OF GROSS NATIONAL PRODUCT, NATIONAL INCOME, AND PERSONAL INCOME Gross national product Less: Capital consumption allowances Indirect business tax and nontax liability Business transfer payments. _ ... ___ . Statistical discrepancy Plus: Subsidies less current surplus of Government enterprisesEquals: National income Less: Corporate profits and inventory valuation adjustmentContributions for social insurance Excess of wage accruals over disbursements Plus: Government transfer payments Net interest paid by Government Dividends Business transfer payments Equals: Personal income 1. Detail will not necessarily add to totals because of rounding. 2. Not available. 301.4 306.7 3. Includes noncorporate inventory valuation adjustment. Source: U. S. Department of Commerce, Office of Business Economics. 310.7 (2) -.3 (2) BUSINESS STATISTICS THE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1953 Statistical Supplermnt 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 (*) 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. Data from private sources are 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 1953 1952 Se beTm" 1 October November December January F £T Mareh April May June July August September GENERAL BUSINESS INDICATORS NATIONAL INCOME AND PRODUCT 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, totaled- do Business and professional of 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 N e t interest __ _ _ _ _ _ _ _ _ _ _ do 290.4 194.1 184 4 151.5 10 6 22 4 9.6 51.5 26 1 15.2 10 2 301 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 10 4 22 8 10.0 50.8 27 0 13.4 10 4 310 7 208.0 198 0 164.5 10 0 22 9 10.0 49. 7 27 0 12.3 10 4 210.4 200.6 166.9 10.5 23.1 9.8 49.1 26.9 11.6 10.6 37.7 37 0 19 4 17 5 7 7.1 41 7 40 3 21 2 19 1 14 7.4 43.8 44 6 24 4 20 3 — 8 7.6 45 2 45 9 25 0 20 8 — 6 7.7 -2.6 7.9 Gross national product, total do Personal consumption expenditures, total do Durable goodsdo Nondurable goods _ do Services do Gross private domestic investment, total bil of dol 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 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 6 30.7 122 1 77 6 369.0 231.0 30.4 121. 3 79.2 52 3 23.1 24 9 4.2 —2.0 57 9 23.9 25 5 8.5 — 1.6 54 0 25.0 26 2 2.9 —2 1 61 0 25.3 26 9 8.8 —2 5 56.5 24.9 27.1 4.5 -2.1 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 83.6 58.4 52.1 25.2 Personal income, total do Less: Personal tax and nontax payments.__do Fquals: Disposable personal income do Personal saving § do 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 2 286.8 37.0 249.8 18.8 T 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 _ __ __ _ . d o 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. _ 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 13.5 287.5 201.2 90.6 52.9 24.2 33.5 197.3 5.1 49.5 22.4 13.5 3.9 3.9 3.8 3.9 4.1 3.9 4.0 4.0 4.0 4.2 4.2 255.7 258.0 259.1 261.6 261.1 263.3 265.4 265.5 267.2 268.8 270.6 287.0 '201.0 '90. 2 '52.9 -24.1 '33.8 ••197.1 5.1 '48.9 22.5 13.6 M.I ' 270. 7 285.8 199.5 88.7 52.9 24.2 33.7 195.7 5.1 48.9 22.7 13.6 4.0 269.6 NEW PLANT AND EQUIPMENT EXPENDITURES i 7, 408 7,265 6,244 All industries, quarterly total _mil. of dol_. 7,225 6,147 Manufacturing _ do 2,820 3,425 3,367 2 747 3,280 Mining __ do 229 206 244 212 199 . - 331 289 Railroads do 358 357 310 " 358 302 311 335 339 Transportation, other than rail -- do 1,231 1,142 Public utilities do 947 1,148 904 Commercial and other _do 1,680 1,835 1,820 1,887 1,675 '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. ^Includes 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. S-l
@FedFRASER