View PDF

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

SURVEY OF CUEEENT BUSINESS

8

July 1955
Table 1.—National Income by

[Millions of dollars]
1929
National income

10

15

Rental income of persons

16

Corporate profits and inventory valuation adjustment
Corporate profits before tax
Corporate profits tax liability..-Corporate profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment

23

Net interest

--__-__
..
.

.

1936

1937

1938

1939

75,729

59,708

42,547

40,159

48,959

57,057

64,911

73,618

67,581

72,753

46,844

39,740

31,054

29,539

34,295

37,340

42,910

47,934

44,994

48,108

46,187
41,033
311
4,843

39,119
33, 861
304
4,954

30,477
25, 511
292
4,674

28,997
23, 855
267
4,875

33,705
27, 629
268
5,808

36,690
30,189
303
6,198

41,920
34,054
334
7,532

46,107
38, 614
354
7,139

42,976
34, 752
365
7,859

45,941
37,742
388
7,811

657
106
551

621
111
510

577
126
451

542
133
409

590
147
443

650
171
479

990
418
572

1,827
1,234
593

2,018
1,423
595

2,167
1, 540
627

14,759

11,540

8,734

5,316

5,599

7,010

10;387

10,482

12,691

11,128

11,610

8,791
8,649
142
5,968

7,410
6,655
755
4,130

5,581
4,970
611
3,153

3, 384
3,089
295
1,932

3,166
3,691
-525
2,433

4,564
4,618
-54
2,446

5,351
5,401
-50
5,036

6,530
6,650
-120
3,952

7,073
7,102
-29
5,618

6,793
6,572
221
4,335

7,293
7,459
-166
4,317

4,778

3,761

2,713

1,971

1,694

1,661

1,776

2,081

2,560

2,742

10,100

...

1935

6,582

1,634

-1,970

-1,992

1,091

2,918

5,002

6,204

4,263

5,689

9,628
1,369
8,259
5,813
2, 446
472

3,322
842
2,480
5,490
-3,010
3,260

-780
498
- 1 , 278
4,088
-5,366
2,414

-3,017
385
-3,402
2,565
-5,967
1,047

151
521
-370
2,056
-2,426
-2,143

1,716
744
972
2,587
-1,615
-625

3,145
951
2,194
2,863
-669
-227

5,740
1,409
4,331
4,548
-217
-738

6,235
1,502
4,733
4,685
48
-31

3,300
1,029
2,271
3,187
-916
963

6,403
1,441
4,962
3,788
1,174
-714

6,445

Business and professional
Income of unincorporated enterprises
Inventory valuation adjustment.
Farm
':'

1934

5,425

Income of unincorporated enterprises and inventory valuation
adjustment.

1933

662
101
561

Wages and salaries
Private
,____•
Military
.
Government civilian
_.__
Supplements to wages and salaries
Employer contributions for social insurance
Other labor income

1932

50,423
45,485
308
4,630

Compensation of employees

1931

51,085

____

1930

87,814

Line

5,985

5,839

5,434

5,042

4,869

4,751

4,741

4,708

4,636

4,604

Table 2.—Gross National Product
[Millions of dollars]
Line

1930

1931

1932

1933

1934

1935

1936

1937

1938

1939

104,436

91,105

76,271

58,466

55,964

64,975

72,502

82,743

90,780

85,227

91,095

78,952

70,968

61,333

49,306

46,392

51,894

56,289

62,616

67,259

64,641

67,578

9,212
37, 677
32,063

7,155
34,010
29, 803

5,485
28, 946
26, 902

3,646
22, 758
22,902

3,469
22, 251
20, 672

4,213
26, 656
21,025

5,111
29, 319
21,859

6,304
32,836
23, 476

6,925
35,185
25,149

5,686
33, 985
24, 970

6,670
35,131
25, 777

16,231

10,265

5,523

1,391

2,888

6,277

8,404

11,747

6,661

9,309

8,707
3,625
5,082

6,183
2,075
4,108

3,968
1,565
2,403

1,431
470
961

1,709
625
1,084

2,299
1,010
1,289

3,281
1,565
1,716

4,403
1,875
2,528

3,960
1,990
1,970

4,757
2,680
2,077

5,850

4,465

2,839

1,593

1,589

2,304

4,169

5,095

3,644

4,180

1,674
1,836
-162

-383
-83
-300

-1,284
-1, 608
324

2, 556
2, 590
34

-1, 629
-1,370
-259

-1,125
195
-1,320

912
376
536

954
2,066
1,112

2,249
1,726
523

-943
-1,046
103

372
316
56

771

690

197

169

150

429

-54

-93

62

1,109

Farm...

8,482

9,182

9,218

8,078

8,031

9,764

9,990

11,816

11,712

12,816

13,320

Net foreign investment—

1,311

1,410

1,537

1,480

2,018

2,991

2,931

4,815

4, 552

5,280

5,157
1,258

Government purchases of goods and services

1,344

1,432

1,549

1,484

2,022

2,997

2,935

4,818

4,557

5,

33

22

12

4

4

6

4

3

5

7,171

7,772

7,681

6,013

6,773

7,059

7,001

7,160

Gross national product
Personal consumption expenditures
Durable goods
Nondurable goods

___.

Services..-Gross private domestic investment
New construction
Residential nonfarm
Other
Producers' durable equipment
Change in business inventories
Nonfarm

1,876
630
1,246

• __.

3,90S
Federal
National security
.
National defense
Other national security
Other
Less: Government sales
State and local




7,536

8,163

SURVEY OF CUE-KENT BUSINESS

July 1055

9

Distribuiive Shares, 1929-54
[Millions of dollars]
1943

1944

1945

1946

1947

1948

1949

1950

1951

1952

1953

1954

137,694

170,310

182, 639

181,248

179,577

197,168

221, 641

216,193

239, 956

277, 041

289, 537

303,648

299, 673

1

64,789

85,271

109,587

121,286

123,181

117,697

128,757

140,927

140,858

154,325

180,420

195, 301

209,240

207, 901

2

49,818
41, 395
563
7,860

62, 086
51, 894
1, 866
8, 326

82,109
66,123
6,168
9,818

105, 828
79,197
14, 133
12, 498

116, 823
83, 843
20, 033
12, 947

117,577
82, 664
21,819
13,094

111,836
91,241
7,818
12. 777

122, 858
105,512
4,067
13, 279

135,172
116,424
3,970
14, 778

134, 334
113,873
4,248
16, 213

146, 526
124, 297
4,999
17, 230

170,881
142, 050
8, 684
20,147

185,124
152,193
10,472
22, 459

198,483
164. 734
10, 273
23, 476

196,244
162,397
9,468
24, 379

3
4
5
6

2,311
1,624
687

2,703
1,983
720

3,162
2,302
860

3, 759
2,677
1,082

4,463
2,937
1,526

5,604
3,805
1,799

5,861
3.970
1,891

5, 899
3, 565
2,334

5, 755
3,042
2,713

6, 524
3,503
3,021

7,799
3,976
3,823

9, 539
4,753
4,786

10,177
4,861
5, 316

10,757
4,765
5, 992

11, 657
5,091
6,566

7
8
9

13,010

17,401

23,907

28,187

29,565

30,835

35,265

34,433

38,389

34,149

36,140

40,809

40,006

38,161

37,876

10

8,442
8,487
-45
4, 568

10, 897
11,512
-615
6,504

13,899
14, 266
-367
10,008

16, 823
16, 979
-156
11,364

18,040
18,109
-69
11, 525

19, Oil
19,117
-106
11,824

21, 321
23,026
-1,705
13,944

19, 948
21,419
-1,471
14, 485

21, 649
22, 061
-412
16, 740

21,431
20, 963
468
12, 718

22, 855
23, 989
-1,134
13, 285

24, 791
25,135
-344
16,018

25, 732
25, 519
213
14, 274

25,908
26,110
-202
12, 253

25, 876
25,950
-74
12,000

11
12
13
14

2,885

3,465

4,547

5,097

5,413

5,634

6,208

6,510

7,198

7,874

8,473

9,129

9,906

10,256

10,539

15

9,120

14,511

19,678

23,781

23,033

18,413

17,288

23,626

30,619

28,141

35,106

39,S13

36,903

37,187

33,815

16

9,320
2,834
6, 486
4,043
2,443
-200

16,982
7, 610
9,372
4, 458
4,914
- 2 , 471

20,882
11,415
9,467
4,289
5, 178
-1,204

24, 554
14,074
10, 480
4,484
5,996
-773

23, 320
12,949
10, 371
4,673
5,698
-287

18,977
10, 689
8,288
4,691
3. 597
-564

22, 551
9,111
13, 440
5,784
7,656
-5,263

29, 525
11,283
18, 242
6, 521
11,721
-5,899

32, 769
12, 510
20, 259
7,248
13,011
-2,150

26,198
10,411
15, 787
7, 458
8,329
1,943

39,970
17, 829
22,141
9,207
12, 934
- 4 , 864

41,173
22, 476
18, 697
9,090
9, 607
-1,260

35, 936
19, 788
16, 148
9,000
7,148
967

38, 274
21, 266
17, 008
9,291
7,717
-1,087

34, 042
17, 082
16, 960
10, 008
6. 952
-227

17
18
19
20
21
22

4,490

4,544

4,291

3,658

3,342

3,185

3,119

3,842

4,508

5,171

5,912

6,770

7,421

8,804

9,542

23

1940

1941

81,634

104, 710

52,129

1942

Line

or Expenditure, 1929-54
[Millions of dollars]
1940

1941

1942

1943

1944

1945

1946

1947

1948

1949

1950

1951

1952

1953

1954

100,618

125,822

159,133

192,513

211,393

213,558

209,246

232,228

257,325

257,301

285,067

328,232

345,229

364,520

360,474

1

71,881

81,875

89,748

100,541

109,833

121,699

146,617

164,973

177,609

180,598

194,026

208,342

218,328

230,578

236,532

2

7,771
37, 215
26, 895

9, 659
43, 208
29, 008

6, 968
51, 324
31,456

6,605
59, 259
34, 677

6,764
65, 368
37, 701

8,105
73, 222
40, 372

15,892
84, 501
46, 224

20, 593
93.077
51, 303

22, 214
98, 741
56, 654

23,573
96, 879
60,146

28, 608
100, 386
65,032

27,148
111,054
70,140

26, 641
116,030
75, 657

29,817
118, 945
81,816

29,277
120, 894
86, 361

3
4
5

13,155

18,072

9,875

5,600

7,130

10,430

27,125

29,705

41,176

32, 549

51,219

56,864

49,592

51, 383

47,248

6

5, 452
2,985
2, 467

6, 629
3,510
3, 119

3,721
1,715
2,006

2, 326
885
1,441

2,712
815
1,897

3,833
1,100
2,733

10, 291
4,015
6,276

14,029
6,310
7,719

17,904
8,580
9,324

17, 453
8,267
9,186

22, 733
12, 600
10,133

23, 332
10, 973
12, 359

23, 723
11, 100
12, 623

25, 778
11, 930
13, 848

27, 778
13, 496
14, 282

7
8
9

Line

5,531

6, 942

4,343

4,027

5,438

7,654

10,733

16, 667

19,110

17,833

21,135

23,177

23,116

24, 433

22, 322

10

2,172
1,902
270

4,501
4,049
452

1,811
652
1,159

-753
-577
-176

-1,020
-575
-445

-1,057
-595
-462

6,101
6,350
-249

-991
1,298
-2,289

4,162

3, 026
1,136

- 2 , 737
-1,862
-875

7,351
6,428
923

10, 355
8,951
1, 404

2,753
2,105
648

1,172
1,855
-683

- 2 , 852
- 3 , 245
393

11
12
13

1,509

1,124

-207

-2,245

-2,099

-1,438

4,586

8,942

1,956

534

-2,201

227

-164

-1,952

-266

14

14.073

24,751

59,717

88,617

96,529

82,867

30,918

28,608

36,584

43,620

42,023

62,799

77,473

84,511

76,960

15

6,170
2,223

16, 923
13, 794

52,027
49, 567

81,223
80,384

89,006
88, 615

74, 796
75, 923

20, 934
21,188

3,956
9

3,173
44

2,664
204

1,480
641

1,552
1,161

2, 469
2,723

21,019
15, 984
11, 578
4,406
5,570
535

25, 445
19, 288
13, 570
5,718
6,570
413

22,138
18,511
14, 257
4,254
3,882
255

40,995
37, 260
33, 864
3,396
4,154
419

54, 260
48, 823
46, 408
2,415
5,792
355

59, 501
51, 438
49, 394
2,044
8,474
411

49,179
43, 227
41,446
1,781
6,311
359

16
17
18
19
20
21

7,903

7,828

7,690

7, 394

7,523

1,031
2,158
8,071

15,776
13, 349
12, 254
1,095
3, 751
1,324

9,984

12, 832

15, 565

18,175

19, 885

21,804

23, 213

25,010

27, 781

22

348407°—55-




SURVEY OF CURRENT BUSINESS

10

July 1955
Table 3.—Personal Income and

[Millions of dollars]
Line
1

1929

2
3
4

Wage and salary disbursements
Other labor income _ _ ._ _ __ . . . .
Proprietors' and rental income

5
6

7

Dividends
Personal interest income ___
Transfer payments

8
9
10
11

Less: Personal tax and nontax payments
Federal
State and local

12

Equals: Disposable personal income

13
14

Equals: Personal saving

_ _

__

1936

1937

1938

1939

76,881

65,698

50,115

47,208

53,575

60,210

68,480

73,921

68,554

72 884

50, 423
561
20,184

46,187
551
16,318

39,119
510
12, 495

30,477
451
8,029

28, 997
409
7,570

33, 705
443
8 704

36, 690
479
12,048

41,920
572
12, 258

46,107
593
14, 772

42,976
595
13, 688

45, 941
627
14 352

5,490
6,949
1,533

4,088
. 6,923
2,714

2, 565
6, 575
2,170

2,056
6,212
2,116

2,587
6,099
2,194

2,863
5,892
2,400

4,548
5,842
3, 520

4,685
5,912
2,418

3,187
5,828
2, 834

3,788
5,809
2 963

147

151

152

152

157

162

180

566

554

596

2,507
1 134
1,373

1, 858
607
1,251

1, 455
331
1,124

1,464
474
990

1, 595
595
1,000

1,888
827
1,061

2, 258
1,130
1,128

2,921
1 723
1,198

2,862
1 635
1,227

2, 440
1 235
1,205

74,374

63,840

48,660

45,744

51,980

58,322

66,222

71,000

65, 692

70,444

78,952

Less: Personal consumption expenditures

_

1935

83,120

_.

1934

2, 643
1, 263
1,380

_._

1933

142

Less: Personal contributions for social insurance

_.

__ -

1932

5 813
7,428
1, 496

___

1931

85,763

Personal income

1930

70,968

61,333

49,306

46,392

51,894

56,289

62,616

67,259

64,641

67,578

4,168

3,406

2,507

-646

-648

86

2,033

3,606

3,741

1,051

2,866

Table 4.—Relation of Gross National Product
[Millions of dollars]
1929

Line

1932

1930

1935

1937

1938

1939

104,436

91,105

76,271

58,466

55,964

64,975

72,502

82,743

90,780

85,227

91,095

8,617
7,698
413
506

8,541
7,737
389
415

8, 166
7, 552
351
263

7,615
7,038
329
248

7,161
6, 661
275
225

7,112
6,598
237
277

7, 235
6, 665
236
334

7, 496
6,700
381
415

7,746
6,910
304
532

7,783
6,939
3S7
457

7,838
7,121
222
495

95,819

82,564

68,105

50,851

48,803

57,863

65,267

75,247

83,034

77,444

83,257

Plus: Subsidies m i n u s current surplus of government enterprises.

-147

-123

-49

-45

283

403

39

60

176

485

Less: Indirect business tax and nontax liability
Business transfer payments

7,003
587
208

7,155
534
—977

6,859
649
840

6, 768
737
754

7, 055
659
948

7,815
641
731

8,190
594
— 171

8,663
594
1,118

9,157
567
-248

9,154
429
456

9,365
451
1,173

87,814

75,729

59,708

42,547

40,159

48,959

57,057

64,911

73,618

67,581

72,753

2,446
1,369
472
243
0

-3,010
842
3,260
253
0

- 5 , 366
498
2,414
262
0

- 5 , 967
385
1,047
278
0

- 2 , 426
521
-2,143
285
0

-1,615
744
-625
304
0

-669
951
-227
333
0

-217
1,409
-738

48
1,502
-31
1,800
0

-916
1,029
1,977
0

1,174
1,441
-714
2,136
0

983
909
587

964
999
534

1,084
2, 065
649

1,141
1,433
737

1,170
1,457
659

1, 230
1,553
641

1,141
1,806
594

1,101
2,926
594

1,204
1,851
567

1,192
2,405
429

1,205
2,512
451

85,763

76,881

65,698 !

50,115

47,208

53,575

60,210

68,480

73,921

68,554

72,884

Gross national product
Less: Capital consumption allowances
Depreciation charges
Accidental damage to fixed capital
Capital outlays charged to current expense
Equals: Net national product

S tatistical discrepancy
Equals: National income
Less: Undistributed corporate profits
Corporate profits tax liability
Corporate inventory valuation adjustment
Contributions for social insurance
E xcess of wage accruals over disbursements
Plus: N e t interest paid b y government
Government transfer payments
Business transfer p a y m e n t s
20

Equals: Personal income




SURVEY OF CURRENT BUSINESS

July 1955

11

Disposition of Income, 1929-54
[Millions of dollars]
1940

1941

1942

1943

1944

1945

1946

1947

1948

1949

1950

1951

1952

1953

1954

78,680

96,275

123,497

151,392

165,6%

171,222

177,990

190,522

208,743

206,818

227,050

255,340

271,135

286,176

287,632

1

49,818
687
15,895

62,086
720
20,866

82,109
860
28,454

105, 619
1, 082
33, 284

117, 016
1,526
34, 978

117, 563
1,799
36, 469

111, 866
1,891
41, 473

122, 843
2,334
40, 943

135,142
2,713
45, 587

134, 379
3, 021
42, 023

146,526
3,823
44, 613

170, 776
4,786
49, 938

185,153
5,316
49, 912

198, 559
5,992
48,417

196, 244
6,566
48, 415

2
3
4

4,043
5,781
.3,114

4,458
5,833
3,113

4,289
5,808
3,143

4,484
5,798
2,964

4,673
6,151
3,588

4, 691
6,868
6,165

5,784
7,576
11,411

6, 521'
8,212
11, 787

7,248
8,950
11, 281

7,458
9,768
12,403

9,207
10, 628
15,147

9,090
11, 592
12, 575

9,000
12, 297
13, 210

9,291
13, 808
14,044

10, 008
14, 707
16, 218

5
6
7

658

801

1,166

1,839

2,236

2, 333

2,011

2,118

2,178

2,234

2,894

3,417

3, 753

3,935

4,526

8

2,604
1, 364
1,240

3,293
2,016
1,277

5,981
4,668
1,313

17,845
16,517
1,328

18,935
17, 536
1,399

20,867
19,379
1,488

18,808
17,162
1,646

21, 506
19,650
1,856

21,142
18, 997
2,145

18, 661
16,194
2,467

20, 920
18,179
2,741

29, 271
26, 278
2,993

34, 401
31,165
3,236

35, 805
32, 359
3,446

32, 818
29,138
3,680

9
10
11

76,076

92,982

117,516

133,547

146,761

150,355

159,182

169,016

187,601

188,157

206,130

226,069

236,734

250,371

254,814

12

71,881

81,875

89,748

100,541

109,833

121,699

146,617

164,973

177,609

180,598

194,026

208,342

218,328

230,578

236,532

13

4,195

11,107

27,768

33,006

36,928

28,656

12,565

4,043

9,992

7,559

12,104

17,727

18,406

19,793

18,282

14

Line

National Income, and Personal Income, 1929-54
[Millions of dollars]
1940

1941

1942

1943

1944

1945

1946

1947

1948

1949

1950

1951

1952

1953

1954

100,618

125,822

159,133

192,513

211,393

213,558

209,246

232,228

257,325

257,301

285,067

328,232

345,229

364,520

360,474

1

8,148
7,316
246
586

9,041
8,078
273
690

10,155
9,162
484
509

10,866
9,854
399
613

12,007
10, 793
360
854

12, 549
11, 246
381
922

11, 666
10,013
407
1,246

16,494
14, 290
574
1,630

18, 431
16, 380
518
1,533

20, 516
18,042
616
1,858

23, 469
20,344
909
2,216

25, 538
22, 650
684
2,204

27, 812
24, 605
813
2,394

30,034
26, 610
1,017
2,407

2
3
4
5

92,470

116,781

148,978

181,647

199,386

201,009

197,580

218,110

240,831

238,870

264,551

304,763

319,691

336,708

330,440

6

420

102

150

183

652

760

835

-227

-171

-181

204

187

-138

-384

-108

7

10,021
431
804

11, 296
502
375

11,769
495
-830

12,735
505
-1,720

14,127
506
2,766

15, 522
532
4,467

17, 349
557
932

18, 658
674
1,383

20, 390
739
-2,110

21, 644
781
71

23, 741
843
215

25, 637
985
1,287

28,106
1,169
741

30,155
1,204
1,317

30,252
' 1, 221
-814

8
9
10

81,634

104,710

137,694

170,310

182,639

181,248

179,577

197,168

221,641

216,193

239,956

277,041

289,537

303,648

299,673

11

2,443
2,834
-200
2,282
0

4,914
7,610
- 2 , 471
2,784
0

5,178
11, 415
-1,204
3,468
0

5,996
14,074
-773
4,516
209

5,698
12, 949
-287
5,173
-193

3,597
10, 689
-564
6,138
14

7,656
9,111
-5,263
5,981
.-30

11, 721
11,283
-5,899
5,683
15

13,011
12, 510
-2,150
5,220
30

8,329
10,411
1,943
5,737
-45

12,934
17,829
-4,864
6,870
0

9, 607
22, 476
-1,260
8,170
105

7,148
19, 788
967
8,614
-29

7,717
21,266
-1,087
8,700
-76

6,952
17,082
-227
9,617
0

12
13
14
15
16

1, 291
2,683
431

1,289
2,611
502

1,517
2,648
495

2,140
2,459
505

2,809
3,082
506

3,683
5,633
532

4,457
10,854
557

4,370
11,113
674

4,442
10, 542
739

4, 597
11, 622
781

4,716
14, 304
843

4,822
11, 590
985

4,876
12,041
1,169

5,004
12, 840
1,204

5,165
14,997
1,221

17
18
19

78,680

96,275

123,497

151,392

165,696

171,222

177,990

190,522

208,743

227,050

255,340

271,135

286,176

287,632

20




14,118
12,150
567
1, 401

206,818

Line

SURVEY OF CURRENT BUSINESS

24

Julv 1955

Table 42.—National Income by Distributive Shares, Quarterly, 1952-54
[Billions of dollars]
1952

1953

1954

Line
III

|

IV

j Year

I

I

II

III

! IV

j Year

I

III

73.2

1

289.5

74.3

76.9

77.0

75.5

303. 6

73.0

51.6
49. 1
40.5
2.6 |
6.0 I
2.4 |

195.3
185. 1
15? 2
10. 5
22. 5
10.2

50.9
48.1
39.6
2.6
5.9
2.8

52.3
49.5
41.0
2.6
5.9

52.9
50.3
42.2
2.6
5.5
2.6

53.2
50. 6
42.0
2.5
6. 1
2.5

209.2
198.5 I
164. 7 |
10.3 !
23. 5 !
10.8 !

51.0
48.0
39.5
2.4

12.2
6.6
3. 1
2.5

•19. 9
25.7
14.3
9.9

12.3
66
3.2
2.6

12.1 !
6.5 ;
3.0 |
2.6 |

11.9
6.4 !
2. 9 !
2.6 I

12.1
6.4
3. 1
2.6

48.4
25.9
12.3
10. 3

12.2
6.3
3.3
2.6

36.9
35.9
19.8
16. 1
1.0

9.1 !
9.4
5.2
4.2
-.3

9.8 i
10.5 I
5.8|
_4.7 j

7.9
7.8
4.3
3.5

37.2 I
38.3
21.3
17.0
-1. 1

7.4
7.5
3.8
3.7

|
|
!
I

12.5
6.4
3.6

12.9
6.4
4.0
2.5

Corporate profltsand inventory valuation adjustment I
Corporate profits before tax
j
Corporate profits tax liability
Corporate profits after tax
In ventory valuation adjustment

8.6
8.5
4.7 i
3.8 !
.0

9.1
8.6
4.7
3.9

9.3
9.2
5. 1
4. 1
. 1

Net interest

1.8 |

1.8 |

Proprietors' a n d rental income
Business and professional
Farm
Rental income of persons

18

12.3
6.3
3.6
2.4

75.6

49.1
46.6
38.5
2.7
5.4
2.5

2 Compensation of employees
3
Wages and salaries
4
Private
5
Military
6 j
Government; civilian
„ I
Supplements to wages and salaries..

9.9
9.6
5.3
4.3 !
•3

\

7.4

2.0

2.2

8.0 ! 31.0

1.9

8.0

8.0

7.6 i

1.9

Addendum: Compensation of general government
j employees

75.3

76.9

299. 7

53.4
50. 6
41.8
2.3
6. 5
2.8

207.9
19(1 2
162.4
9. 5
24.4
11. 7

|
|
!
!

12.1 j
6.5 !
3,0 I
2.6 |

12.1
6.5
2.9
2.6

12.1
6. 6
2, 8
o 7

48. 4
25. 9
12. 0
10. 5

!
!
|
I

8.6
8 5
4.3
4.2
.1

8.9
4.5
4.5
-.1

9.0
9.1
4.6
4.5
—. 1

33.8
34.0
17. 1
17.0
_ o

2.4 I

2.4

2,4

2.4

9.5

8.0

8.0 !

74,6

[

. 1
i
2.3 j

2.3

8.8

8.0

31.fi

Year

52.0
49.1
48.6
40. 1 j 41.0
2.4
5.8
3.0 |
2.9

I

!
10.3 !
10.6 i
5.9 I

IV

|
!
I
S

51.6 I

Vo\

>0

I

31.8

1. Includes noncorporate inventory valuation adjustment.

Table 43.—National Income by Distributive Sbares, Seasonally Adjusted Quarterly Totals at Annual Kates, 1952-54
[Billions of dollars]
1952

1954

Line
IV

III

II

i Year

III

III

Year I

IV

Year

284.2

National income
Compensation of employees
\Y ages and salaries
Private
AI ilitary
Government civilian
Supplements to wages and salaries..

285.0 |

290.1 I 2f)8.6 i 289.5 I 303.7

307.9

305.1

298.0

303.6 I 297.7 j 298.9

298.7 j

303.2

299.7

190.2
180.
14S. 2
10.2
21.9
10.0

192.0
182.0
149.1
10.6
22. 3
10. 1

195. 9
185.6
152.3
10. 7
22. 7
10.2

203.0
195.3
192.5 I 185. 1
159.0
152. 2
10.5 I
10.5
23.0 I
22.5
10. 5 I 10.2

206.3
195.7
162. 1
10.3
23. 3
10.7

210.3
199. 5
165. 5
10.5
23.5
10.8

211.5
200.8
167. 0
10.3
23. 5
10.7

208.9
198.0
164.4
10.0
23.7
10.8

209.2 i 206.7
198. 5
195. 2
164. 7
161. 7
10.3
9.7
23. 5
23.9
10.8
11.5

21, 1
ll.fi

207.8
196. 1
162. 1
9. 4
24. 5
11.7

209.8 '
198. 1
163. S
9. 3
25. 0 :
11.8 '•

207.9
196.2
162.4
<•'. 5
24. 4
11. 7
48.4
25. 9
12. 0
10.5

207.2
195. 6
162. 0

I
i
I
I
!

Proprietors' and rental income J
Business and professional-__
Farm
Rental income of persons

50.0
25.7
14.5
9.8

51.7
25. 8
15.9
10.0

48. 9
26.4
12.4
10. 1

49.9
25. 7
14.3
9.9

49.1
2f>. 3
12.6
10.2

48.4
26. 0
12.1
10. 2

47.7
25.7
11.7
10.3

48.4
25.6
12.5
10.3

48.4
25. 9
12 3
10.3

49. 0
25. 3
13! 2

48.3
26. 0
11.7
10.6

48.2 !

10.4 I

48.2
25. 9
11.9
10.5

Corporate profits a n d inventory valuation adjustment
Corporate profits before tax
Corporate profits tax liability
Corporate profits after tax
Inventory valuation adjustment
17

49. 0
25. 1
14.2
9.7
37.8
37.7
20.7
16. 9
. 1

35.6
33. 6
18.5
15.1
2.1

35.1
34.6
19.0
15.5
.5

39.1
38.0
20.9
17. 1
1. 1

36.9
40.2
35.9
41.4
19. 8 I 23.0
16. 1 ! 18. 4
1.0
-1.2

40.5
41.5
23.1
18.4
-1.0

36.8
39.4
21.9
17.5
-2.6

31.4
30. 9
17. 2
13.7
.5

37.2
38.3
21.3
17.0
— I. 1

32.6

34.0

16. 4
3 6.3

16.9
16.8

33.1
33.5
16. 8
16. 7

35.5
36.0 :
18. 1 i
17.9 ;

7.3

7.5

7.6

7.4

8.0

87
.

9.3

8.8

9. I

30.9

31.4

31.5

31.0

31.6

31.9

31.5

31.6

31.4

Net interest..
Addendum: Compensation of general government
employees

30.1

91
.
31.6

1L2
10. 7 ,

33.8
34. 0
17. 1
17.0
-.2
y. 5

9.5
32.2

31.5 I

1. Includes noncorporate inventory valuation adjustment.

Table 44.—Gross National Product or Expenditure, Quarterly, 1952—54
[Billions of dollars]

Line
I

II

III

II

I III

IV

j Year ']

I

;

II

i

III

|

IV

Year

85.5 !

92.7

88.5

91.7

91.1

93.2 j 364.5

87.3

89.0 j

89.1

S5.i ;

3W. 5

53.2
6. 1
28.3
18.8

60.7 i 218.3 i
8. 2 I 26. 6 I
33. 1
116.0
19. 4

54.3
67
.
27.5
20.0

57.5

56,9
74
29!0
20.5

61.9
7.9
33. 1
20. 8

55.1
6.3 i
27.4 !
21.3

58.7 I

58.0 j
6. 9 !
29. 6 i
21.6

64.7
8.6 i
34.2
21.9 ;

236.5
29. 3
120. 9
86.4

11.0
5.9
2.8
3.2
6.4
2 9 i -1.3
2.6 j - 1 . 6

12.8
6.5
3.1
3.4
5 3

12.0
6.2
3.0
3.2
5.6
.2
.2

14.3
5.4
2.4
3.0
5.9
2.9
3.0

13.3
6.6
3. 1
3.5
6.5
_2
'. 5

13.7
7. 1

10.1
6. 6

33
.
3.8
61
.

31
.
3.6
59
.

Gross private domestic investment
New construction
Residential nonfarm
Other
Producers' durable equipment
Change in business inventories—total..
Nonfarm only

13.8 I




I

53.9
6.8
28.2
18.9

50.5
56
26.3
18.6

Government purchases of goods and servicesFederal
National security
National defense
Other national security
Other
Less: Government sales
State and local

Year !

84.4 I

Gross national products
Personal consumption expenditures
Durable goods
Nondurable goods
Services

Net foreign investment

I IV

5.0 !

.6 II
17.7
12.4
11.3
10.7
.6
1.2
.1
5.3

i'.o

345.2 I

49.6
23.7
11. 1
12.6
23. 1
2 8

-.6

-.2

-.2 1

19.4
13.6
12.3
11.7

20.1 I

1.
*4
1
5"
.9

1.8
.1
5.9

20.2
14. 1
12.7
12.2
.5
1.5
.1
6. 1

,5
77, i 20.5
.3
54. i 14.8
48.8 ! 13.0
46.4 ! 12.4
2.4 !
5
58 |
.
19
.
4 !
1
23.2 I 5'
.8

.1

14.2
12.5
11.8

-.6

78
.
29.3
20.5

.5

7

-2.4
-2.3

-.6

-.7

t

21.5 I

21.2
14.8
12.8
12.4

21.3
14.7
12.4
11.8

.5

.5
2.4

15.3
13.3 j
12.7 !
.5
2.1
. 1
6.2 I

2. 1

.1
64
.

. 1

66
.

230.6
29. 8
118.9
81.8
51.4
25. 8
11.9
13.8
24.4
I 2

19
.
-2.0
84.5
59. 5
51.4
49. 4

2.0
8. 5
. 4
25.0

12.6

56
.
2.4
3.2
5. 5

14
.
14
.
— .3
19.9
13.7
11. 7
11.2
. 5

2.1
. 1

63
.

29.7
21. 6

11,1 1 12.3
ti. S i
7. 8
3.3 i 3.9
3. 5 j
3. 9
6.0 ! 5.4
-1.8 ! -1.0
-1.0
-1. 1
. 0;

-,.4

19.2
19.2
12.2 | 11.9
10.9 1 10.5
10. 5 i 10. 1
.4 |
.5
1.4
1.5
.1 |
. 1
7.0
7.3
i

11.3

47.2
27. 8
13". 5
14. 3
2 2 . ?>

3! 9
3.7
5.3 ;
— 1.5 •
-1.6

—A 2

.5

-.3

18.7
11.4
10.1
9.6
L4 !
.1:
7.2 i

49.2
43.2
41. 4
1.8
it. 'A
. 4

SURVEY OF CURRENT BUSINESS

July

25

Table 45.—Gross National Product or Expenditure, Seasonally Adjusted Quarterly Totals at Annual Rates, 1952—54
[Billions of dollars]
1952

1954

1953

Line
III

Year

I

II

IV

III

Year

1

n

III

IV

I Year

338.4

345.0

357.6

345.2

361.9

369.3

366.9

359.9

364.5

358. 3

357.6

358. 8

367. 1

360.5

216.5
26.8
114.9
74.8

218.3
25.2
116.8
76.3

225.1
29.0
118.2
78.0

218.3
26.6
116.0
75. 7

228.5
30.2
118. 7
79.6

231.4
30.6
119.7
81.1

232.1
30.5
118.8
82.7

230.3
28.0
118.6
83.8

230.6
29.8
118.9
81.8

232.2
28.3
119.2
84.7

235.1
29.0
120.4
85.7

237. 9

241. 0

0

88. 1

236.5
29.3
120.9
86.4

49.9
23.3
10.5
12.8
23.8
2.7
1.6

6 Gross private domestic investment
7 ;
New construction
8
Residential nonfarm
9
Other
10
Producers'durable equipment
11 !:
Change in business inventories—total..
12
Nonfarm only

339.9

213.4
25.6
114.2
73.6

Gross national product..
Personal consumption expendituresDurable goods
3 i
Nondurable goods
Services

13

IV

45.8
23.7
10.9
12.7
24.3
-2.1
-2.9

49.0
23.7
11.3
12.4
21.8
3,5
2.9

53.6
24.2
11.6
12.6
22.6
6.9
6.8

49.6
23.7
11.1
12.6
23.1
2.8
2. 1

51.7
25.2
11.7
13. 5
24.3

55.0
26.2
12.2
14.0
24.4

52.8
25.8
12.1
13.8
25.0

46.0
25.9
11.7
14. 1
24.1
-4.0
-3.6

51.4
25.8
11.9
13.8
24.4
1.2
1.9

45.5
25.9
11.8
14.1
22.9
-3.2
-3.4

46.9
27.3
13.0
14.3
22.4
-2.7
-3.2

45.9
28.5
14.2
14.3
22.2
-4.9
-5.4

50.7
29.4
15.0
14.4
21.9
-.6
-1.0

47.2
27.8
13.5
14.3
22.3
-2.9
-3.2

.2

-2.1

-1.6

-2.0

-2.5

-2.2

-1.2

-2.0

-1.1

-.3

-.7

83.6
59.0
51.9
49.8
2. 1

85.4
61.0
53.2
51. 0

84.8
58.7
49.4
47.4

84.5
59. 5
51.4
49.4

81.7
54.7
46.8
45.0

75.9
48.6
43.6
42.0

75.8
47.7 i
42. 1 i
40.3 I

7.7
.5

2.2
8.3
.4

84.2
59.3
51.3
49.4

24.6

24.3

24.9

26 9

25! 0

27.0

27.3

2.9

Net foreign investment
Government purchases of goods and services
Federal
National security
National- defense
- - - - Other national securityOther
Less: Government sales
State and local

! 72.2
I 49.5
45.2
43 o
2.2
4.7
.4
22.7

77.4
54.3
49.3
46.6
2.7
5.4
.4
23.1

79.8
56. 7
49.9
47. 1
2.8
7.0
.3
23. 1

|
I
!
|
!

80.5
56.5
50.8
48.9
1.9
6.0
.3
24. 0

-.2

77.5
54.3
48.8
46.4
2.4
5.8
.4
23.2

2.2
2.8

4.5
5.4

2.0
2.8

1.9
8.4
.4

2.0
9.6
.3

2.0
8.5
4

1.8
8.3
.4

1.5
5.4
.4

29. 4

30. 4

121. 5

122. 5

87.

.9

1.8
6. 1
.4
28.1

-.3

74.5
45.7
40.5
38.5
2.0
5.5
.3
28.7

77.0
49.2
43.2
41.4
1.8
6.3
.4
27.8

Table 46.—Disposition of Personal Income, Quarterly, 1952-54
[Billions of dollars]
1953

1952

1954

Line

in

II

1

Personal income.

2 Less: Personal tax and nontax payments.
3 i
Federal
4 ,
State and local

7

Equals: Personal saving

11 i in

Year

IV

Year

III

j

IV

j Year

64.8

66.6

68.4

71.3

271.1

69.4

71.5

71.8

73.5

286.2 I

70.3

71.4

71.5

74.4

287.6

12.2
11.2

7.3
6.4
.8

8.0
7.3
.8

6.9
6.2
.7

34.4
31.2
3.2

12.7
11.7
1.0

7.2
6.3
.9

8.7
7.9
.8

7.2
6.5
.7

35.8
32.4
3.4

12.0
10.9

6.1
5. 2
.9

7.9
7.0
.9

6.8
6.0

32.8
29. 1
3.7

59.4

60.4

64.4

236.7

56.7

64.3

63.1

66. 2

250. 4

.9

5 I Equals: Disposable personal income
6 ! Less: Personal consumption expenditures.

IV

52.6
50.5

53.9

53.2

60. 7

218.3

54.3

57.5

56.9

61.9

230.6

5.5

7.2

3.7

18.4

2.4

6.8

6.2

4.4

i

19.8

1.1
58. 3
55.1

65. 2

63.6

67.6

254.8

58.7

58.0

64.7

236. 5

6.5

5.6

3.0

18.3

3.2

2.0

Table 47.—Disposition of Personal Income, Seasonally Adjusted Quarterly Totals at Annual Rates, 1952—54
[Billions of dollars]
1952

1953

1954

Line |
II

I

1

Personal income.
Less: Personal tax and nontax payments.
Federal.
State and local.
Equals: Disposable personal income

IV

264.2

267.7

274.1

34.0
30.8
3.2

34.1
30.8
3.2

34.5
31.3
3.3

230.2

233.6

239.5

278.3 j 271.1
35.0
31.7

34.4
31.2

Equals: Personal saving

213.4

216.5
17.2

21.2

3.2
236.7

225.1

218.3

16.8

3.3
243. 3

218.3

18.2

Less: Personal consumption expenditures_

II

Year

III

IV

Year

I

III

II

IV

Year

282.6

286.7

288.1

287.4

286.2

285.8

286.6

287.3

290.8

287.6

35.4
32.0
3.4

35.8
32.4
3.4

36.1
32.7
3.5

35.9
32.4
3.5

35.8
32.4
3.4

32.7
29.1
3.6

32.7
29.1
3.6

32.8
29.1
3.7

33.1
29.3
3.8

32.8
29. 1
3.7

18.4

247.3

250.9

251.9

251.4

250.4

253.1

253.9

254. 5

257.8

254. 8

228.5

231.4

232.1

230.3

230.6

232.2

235.1

237. 9

241.0

236. 5

18.7

19.6

19.9

21.1

19.8

21.0

18.8

16.6

16.8

18.3

Table 48.—Relation of Gross National Product, National Income, and Personal Income, Quarterly, 1952-54
[Billions of dollars]
1953
III

•2 j

.0
69.5

2.9
1.0
2.1
.3
64.8

6.3
7.0
.3
-.4

.0
71.2

85.5
6.4
7.1
.3
-1.7
-. 1
73.2

9. 1 1 9.3 1
2.2 |
2. 1 !
.0 ! - . 1 !
2.9
1.4
2.1
.3

66.6

1
1. 1
2. 1
3
68. 4

III

Year

92.7 I 345.2
6.6
25.5
7.4
28.1
.3
1.2
27
.7
1

75.6
9. 9 ;
1. 9 !

0!

3.1
1.4
2.7
.3

-•1
289.5 j
36. 9
8. 6 !

0!
12.0
4.9
9.0
1.2

71.3 I 271.1

88.5 i
6.7
7.2
.3
.0

I
j
|
I

74.1 i
9. 1 |

5 !
0 I

3.2
1.1
2.2
0

69.4

91.7 I
6.9 I

7.5 !

.3 I

-. 1 I
76.9 !
10. 3
3
0
CM*

2.5
.0

84.4

CO


344807°—55

82.7 j
6.1 I
6. 6 I
.3 !

1 IV

CM*

y

10
11
12
13
14
15

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
enterprises
Equals: National income
Less: Corporate profits an( * inventory valuation
adjustment
Contributions 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.

I

3.2
1.5
2.2
.3

71.5

1954
I IV

91.1

Year

Ill

93.2
7.2
7.8
.3
2.3

364.5
27.8
30.2
1.2
1.3

-. 1
77.0

2
75.5

303.6 I

2.1
.0
3.1
1. 1
2.2
.3
71.8

7.9
37.2
7.4
1.8
8.7
2.8
1
I
.0
.0
3.3
12.8 '
3.6
1.3
5.0
1.2
2.7
9.3
2.4
.3
1.2
.3
73.5 I 286.2 I 70.3

7.0 j
7.7 !
.3 i

-.4 I

87.3
7.3
7.3
.3
-.7

-. 1
73.0

89.0
7.4
7.6 i
.3
Q

.1
74.6

8.6
2.5 |

89.1
7.6
7.6
.3
-1.6

Year
95.11
.3 I
2.3 I

2.2 I
.3 I
71.4 !

Q

-.1 I

.0 !
75.3 j

76.9 ;

299.7

8.8 |
2.3 i

9.0 !
2.0

33. 8
9.6
.0
15.0
5. 2
10. 0
1.2
287.6

• 0

3.8.|
1.5 |

360.5
30. 0
30. 3
1.2

3.7
1. 1
2.3
.3
71.5 !

3.9
1.4
3.0
.3
74.4 !

Woniklf BUSINESS STATISTICS
X HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1953 Statistical Supplement to the SURVEY
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.

OF CURRENT BUSINESS.

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.
Unless otherwise s t a t e d , statistics through 1952 a n d
descriptive notes are shown in t h e 1953 Statistical
Supplement to t h e Survey

Data from private sources are pro-

1955

1954

May

June

July

August

Septen, October Novem- December
ber

January

February

March

April

June

May

GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates:t
National income, total
bil. ofdoLCompensation of employees, total
Wages and salaries, total.
_
Private
.
Military.. _ _ _ _ _ _ _ _
_
Government civilian
_
_
Supplements to wages and salaries

' 298.9

Proprietors' and rental income, totalo*
do
Business and professional c? - —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
Gross national product, total _

' 298. 7

r

303 2

311.4

'207 2
' 195.6
'162.0
9.5
'24.1
' 11. 6

do
-do
do
do
dodo

' 207 8
' 196 lj
' 1 6 2 . li
' 94
' 24. 5
'117

' 200 8
' 198.1
' 163 8
'9 3
'25 0
' 11 8

' 213 1
' 200 8
' 166.5
' 9 1
12 2

'48.2
25. 9
' 11 9
' 10 5

r

48. 3
' 26. 0
r \) 7 1
' JO 6

' 48
26
r
11
' 10

2
3
2
7

48 8
<>6 6
11 5
10 7

'• 34. 0
'33.7
' 16. 9
'16.8
r 2
'9.5

- 33.1
'33.5
16 8
' 16.7

' 35 5
'36 0
18 1
' 17 9

39.6
40.9
20.5
20.4
—1 3
'9.9

r

«5

' 9. 5

'9 7

do

r

358. 8

'367 1

r

do „
do
do
do

Personal consumption expenditures, total
Durable goods
Nondurable goods
Services-...

' 357. 6
' 235.1
'29.0
r 120 4
' 85. 7

' 237 9
' 29.4
r 121 5
'87.0

' 241 0
' 30. 4
r 122 1
r gg ]

' 245 8
' 34.4
' 129 4
' 89 0

'46.9
' 2 7 . 3 _- .. - __
22.41
' -2.7

' 45 9
'28.5
' 22 21
' —4.9

'50
'29
' 21
' —

Gross private domestic investment, total _.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 9
do
State and local- ..
do
Personal income, total
Less: Personal tax and nontax payments
Equals: Disposable personal income
Personal saving §

r

' —. 3
' 75. 9
'48.6
'43.6
'27.3

do
do
do
do

r 287
r 32
' 254
' 16

7
4
9
6

r

Q

r — 4

54 1
'31.2
' 21 5
r
1.5

' 74 5
r 45 7
40. 5
r 28 7

' 293 6
' 32 6
' 261 0

r1fi«

3
8
5
6

r
75. 8
' 46 4
' 41 2
r
29 4

r 290 8
33 1
r 257 8

'75.8
'47 7
42 1
r
28 1

'286 6
'32 7
' 253. 9
' 18 8

375. 3

i- 1R 2

i

PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates :t
Total personal income

bil. of dol__

' 286. 7

286.7

' 287.1

' 286. 7

' 287. 9

' 288. 4

' 290.8

293. 4

' 292.2

' 293.2

295.7

298.9

301.1

do____
do
do
do
do

' 195. 7
' 84. 5
••52. 1
'25.5
-33.6

195.8
84.2
52.1
'25.8
33. 7

' 196. 6
r
83. 8
'52.8
r 26 2
'33.8

' 195.8
' 83.1
' 52. 5
r 9
6 3
' 33. 9

' 195.8
' 82. 8
' 52. 5
r 26 3
34.2

' 196. 8
'83.4
' 52. 7
r 26 5
34.2

' 198. 6
'85.2
' 52. 5
r 26 6
34. 3

198.8
r
84. 8
' 53. 1
266
r
34. 3

' 199. S
'85.4
' 52. 9
'26,8
34.2

r 200.3
'86.3
'53.0
' 26. 7
'34.3

202.6
87.8
53.6
27.0
34.2

204.6
88.9
53. 6
27.2
34. 9

207.1
90. 6
54, 5
27.3
34. 7

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.

'6. 5
' 48. 0
' 24. 5
' 16 5

6.6
48.2
24. 6
ift n

6.6
' 47. 6
' 24. 61
' 1 6 . lj

6.6
'48.1
'24.7
' 16.1

'6.7
' 47. 5
' 24.9
' 17.0

'6.7
48.3
' 24.9
' 16. 8

'6.7
48.9
26.5

'6.8
' 49.1
'25.0
'17.0

'6.8
'48.8
'25.3
'17.0

'6.8
48.5
25.5
17.4

'6.9
49.0
25.9

6.9
48.5
26.2
17.6

' 4. 5

-4.5:

'4.4

'4.6

' 4. 5

'4.5

'4.6

'5.0

'5.0

'5.1

5.1

Wage and salary disbursements, total
Commodity-producing industries
Distributive industries
Service industries
Government

6.6
' 49. 0
'24.7
r -[ft ^
. '4.5

1 <rr 1

1 *7 P.

5.2

Total nonagricultural income
_do
' 272. 1
'271.0 !
280. 9
' 283.7
' 272. 1
' 273. 8
286. 6
' 275. 9
' 278.1
' 276. 5
' 277.7
'271.5
r
Revised.
tRevised series. Effective with the issue of the SURVEY, estimates of national income and product and personal income have been revised back to 1952 (see pp. 24 ft); for quarterly or

monthly data prior to 1952, see the 1954 NATIONAL INCOME SUPPLEMENT.

cf Includes inventory valuation adjustment.
is a component of gross national product above.




9 Government sales are not deducted.

§ Personal saving is excess of disposable income over personal consumption expenditures shown

S-l

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