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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 (*) 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.

Data from private sources are pro-

vided 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

1955

1954

May

April

June

July

August

Septem- October November
ber

December

January

Febru- I March
ary

Mav

April

GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT

1

Seasonally adjusted quarterly totals at annual rates: f
National income, total
bil of dol
Compensation of employees total
Wages and salaries total
Private
Military
Government civilian
Supplements to wages and salaries

299.6

298 8

302.6

206 6
194.9
161 5

207 2
195.6
161 6
9 6
24.4
11 6

208 9
197.2
163 0

9.5

9.3

23.8
11 7

24.7
11 7

24.9
12 5

49.0
25 9
12.2
10 9

48.5
25 9
11.6
10 9

48.1
26 3
11.0
10 9

49
26
12
11

34.9
34.5
17.0
17.5

do
do
do
do
do
do

33
34
16
17

—1 3
9 4

9.5

Proprietors' and rental income, total cf
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
Net interest
do

{
|

212 7

200.2
166 0

i

7
4
2
0

j

i

9. 1

~ 3
9 2

36.4
36.8
18 1
18.7
— 4
9 2

do

356 0

355 5

362 0

370 0

do
do
do
do

233.1
28.8
120 0
84 3

234.8
28 9
121 1
84 8

237.7

242
33
122
86

Gross private domestic investment, total _.do
New construction
do
Producers' durable equipment do
Change in business inventories
do

45.6
27 0
22.4
—3 8

45
28
21
4

49
29
21
1

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

— 1.0

78.3
51.3
44.7
27 0

285.7

286 2
32.9
253.2
18 4

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

Personal income, total
...
Less: Personal tax and nontax payments
Equals: Disposable personal income
Personal saving§

4

9
2
8
4

29 9
122 1
85 7

3
3
8
8

i
ji

0
4
1
5

5
1
7
3

53 3
30 8
21 1
13

2

8

o

75.6
47 9
42 1
27 7

74. 1
45 9
40 5
28 2

74
45
40
28

7
9
7
8

289 0
33. 1
255. 9
18 2

2Q2
32
260.
18

7
1
6
7

j

do
do...
do
do

32.9

252.9
19.7

PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:f
Total personal income
Wage and salary disbursements, total
Commodity-producing industries
Distributive industries
Service industries _
Government

bil. of dol
do
do. _ ~. _
do
do
do

Other labor income
do
Proprietors' arid rental income
do
Personal interest income and dividends
do
Transfer payments __
do
Less personal contributions for social insurance
bil. of dol. .

284.4

286. 2

286 5

285 7

285 4

286 6

286 3

289 3

291 4

291 4

292 4

r 294 6

194.3

195.0
84.2
52.3
25 2
33 3

195.5
84.0
52.5
25 5
33 5

195.7
83.4
53.1
°5 4
33 8

195. 5
82.7
52.8
25 8
34 2

195. 4
82.4
52.9
25 9
34 2

196.1
82.9
52.9
96 1
34 2

198.1
84.6
53.0
9
6 2
34 3

197.8
84.4
53.1
26 1
34 9

199.3
85.2
53.5
26 4
34 2

199.8
85.9
53.4
26 3
'•{4 2

7

48.2
24.0
15.9

6 6
49.4
24.0
15 8

6 6
49 2
24.1
15 8

6 6
47 9
24.2
15 8

6 6
48 2
24.3
15 "5

6 6
48 8
24.4
16 0

6 6
47 2
24.5
16 5

6 6
48 3
24.6
16 4

6 6
48 8
26.2
16 7

6 6
49 *>
24.7
16 5

4.6

4.6

4.7

4.5

4.7

4.6

4.6

4.7

4.7

5.2

83.7
52. 0
25.2
33. 4

6.6

6 6
40 8

24.8
5.1

201. 7
87.4
r
53.7
r 20 5
r 34 1

*J
202. 2
88.2
53.5
26 4
34 1

6 6
T 49 §
24.8
r
16 9

50 0
25. 0
16 9

5.2

5.1

Total rionagricultural income
do
269. 1
•->79. 2
974 fi
r 97W O
•>-(] G
97(1 6
970 2
971 1
97K f\
97 ri x.
9-1', 9
269. 7
270. 3
r
Revised.
t Re vised series. Quarterly estimates of national income and product have been revised back to 1939 (annual data, to 1929); quarterly and monthly estimates of personal income J
1929 (monthly revisions prior to May 1953 appear in the 1954 issue of the National Income Supplement). For quarterly data prior to 2d quarter 1953, see pp. 8 and 9 of the July 1954 Snc
c? Includes inventory valuation adjustment.
9 Government sales are not deducted.
§ Personal saving is excess of disposable income over personal consumption expenditure?
as a component of gross national product above.
345885°—55-




S-l

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