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SURVEY OF CURRENT BUSINESS

12

March 1974

NATIONAL INCOME AND PRODUCT TABLES
1972
1972

1973

IV

III

1972

1973
I

II

III

IV

1972

1973

III

1973
IV

Seasonally adjusted at annual rates

I

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)
1, 155. 2 1,289.1 1, 166. 5 1, 199. 2 1,242.5 1,272.0 1,304.5 1, 337. 5

Durable goods
Nondurable goods
Services

_

837.4

796.7

812.3

829.3

834.3

841.3

844.6

804.0

734.1

752.6

779.4

795.6

816.0

825.2

526.8

553.9

531.0

540.5

552.7

553.3

558.1

551.3

117.4
299.9
309. 2

_ __

_

790.7

726.5

Gross national product
Personal consu mption expenditures

130.8
335.9
337 3

120.2
302.3
311.6

122.9
310.7
319.0

132.2
322.2
325.0

132.8
330.3
332.6

132.8
341.6
341.6

125.6
349.6
350 0

104.0
220. 9
201.8

114.3
228.8
210 7

105.8
222.2
202.9

109.2
225.8
205.4

117.0
228.8
207.0

116.2
228.0
209.1

115.4
230.2
212.5

108 7
228 3
214 3

178.3

Residential structures
Nonfarm
Farm

_

.

-

--

Change in business inventories. _
Nonfarm
Farm

._
- -

Net exports of goods and services
Exports
Imports

-

194.5

198.2

202.0

213.9

122.9

132.2

124.8

129.1

130.2

130.2

130.8

137.6

181.2

189.9

193.7

197.3

195 9

118.3

126 6

118.2

122.8

126.9

126.9

127.7

125 0

136 2
48.4
87.8

118.3
41.3
77.0

124.3
43.0
81.2

130.9
45.3
85.5

134.1
47.2
86.9

138.0
49.5
88.6

141 8
51 7
90.1

83.7
23.0
60.8

92 6
24 9
67.7

83.4
22.7
60.7

87.5
23.1
64.3

91.2
23.8
67.4

91.5
24.4
67.2

93.2
25.2
68.0

94 5
26 2
68 3

54.0
53.5
.6

58.0
57.4
.6

54.5
53.9
.6

56.9
56.4
.5

59.0
58.4
.6

59.6
59.1
.5

59.2
58.6
.6

54.0
53 4
.7

34.6
34.2
.4

34.0
33 6
.4

34.7
34.3
.4

35.3
35.0
.3

35.6
35.3
.4

35.3
35.0
.3

34.5
34.2
.4

30 5
30 1
4

6.0
5.6
.4

8.0
7 3
.6

8.7
8.4
.3

8.2
7.9
.3

4.6
4.4
.2

4.5
4.4
.1

4.7
3.2
1.5

18.0
17 3
7

4.6
4.5
.1

5.6
52
.3

6.6
6.6
.0

6.3
6.2
.1

3.3
3.2
.1

3.4
3.3
.1

3.0
2.3
.7

12 5
12 1
4

5.8

-3.8

-3.5

.0

2.8

7.6

12.8

-2.0

6.7

—.9

—.8

2.0

5.6

7.4

11.6

73.5
78.1

- -

189.4

172.9

-4.6

Nonresidential
Structures
Producers' durable equipment

181.5

194 2

118.2
41.7
76.5

Fixed investment

202.1

172.3

Gross private domestic investment

102 0
96.2

74.0
77.7

79.7
83.2

89.7
89.7

97.2
94.4

104.5
97.0

116 4
103.6

56.4
58.4

67 6
60.9

59.6
60.3

65.3
63.3

66.6
61.1

€7.4
60.0

71 0
59 4

144.7

56.6
57.5

255.0

277. 1

254.7

260.7

268.6

275.3

279.0

285.6

143.0

143.5

144.4

Federal
National defense
Other

104.4
74.4
30.1

106.6
73 9
32 7

102.3
71.9
30.4

102.7
72.4
30.3

105.5
74.3
31.2

107.3
74.2
33.1

106.8
74 2
32.7

106.8
73 0
33 8

60.8

57 1

58.8

58.6

58.2

58.2

57.2

54 9

State and local

150.5

170 5

152.4

158.0

163.0

168.0

172.2

178 8

82.2

87 6

83.0

85.0

86.2

87.0

87.8

89 2

Government purchases of goods and services

141.8

145.2

145.0

144.1

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
1, 155. 2 1,289 1 1, 166. 5 1, 199. 2 1, 242. 5 1, 272. 0 1,304.5 1 337 5

790.7

837.4

796.7

812.3

829.3

834.3

841.3

844.6

1, 149. 1 1 281 11, 157. 8 1, 191. 0 1, 237. 8 1 267.5 1 299 8 1 319 4
o o
6.0
4.6
4.5
80
4.7
8.7
18 0

Gross national product
Final sales
Change in business inventories

786.1
4.6

831 8
56

790.0
6.6

806.0
6.3

826.0
3.3

831.0
3.4

838.3
3.0

832 1
12 5

541.4

614.7

548.6

563.6

589.6

604.2

622.3

642.6

423.9

455.9

428.4

438.4

452.1

453.9

456.8

460.9

Final sales
Change in business inventories

535.4
6.0

606 7
80

539.9
8.7

555.4
8.2

585.0
4 6

599.6
4.5

617.6
47

624 6
18 0

419.3
4.6

450 3
56

421.7
6.6

432.1
6 3

448.7
33

450.5
3.4

453,7
30

448 4
12 5

Durable goods
Final sales
Change in business inventories

219.1
214.1
4.9

250 1
242 1
80

222.6
216.8
5.8

233.2
222.8
10.4

242.5
238. 1
4.4

249 7
242. 4
7.3

254 3
246.2
8.0

254 2
241 7
12 4

184. 1
180.2
3.9

206 2
200 4
58

186.2
181.8
4.4

196 3
188.0
8.2

203 4
200.3
3.2

207.1
201.8
5.4

208 1
202.4
5.7

206 0
197 2
89

322.3
321.2
1.1

364 5
364.6
-1

326.0
323.1
2.9

330.3
332.5
—2.2

347.2
346.9
.3

354.5
357.3
—2.8

368 0
371.4
—3.4

388 4
382 8
56

239.8
239.1
.7

249 7
250 0
-2

242.2
240.0
2.2

242.1
244.1
—1.9

248.7
248.5
.2

246.7
248.7
—2.0

248.7
251.3
-2.6

254 9
251.3
36

487.3
126.5

534 5
139.9

491 8
126.2

503.9
131.7

514 8
138.1

527 7
140.1

540 8
141 4

554 7
140 2

292 6
74.2

306 0
75.5

294 5
73.8

298 8
75.1

300 6
76.7

304.1
76.3

308 6
76.0

310 5
73.1

Goods output.

_

. ._

Nondurable goods
Final sales
_
Change in business inventories
Services
Structures

.

__
...

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
Federal....
State and local

1, 155. 2 1, 289. 1 1, 166. 5 1, 199. 2 1, 242. 5 1, 272. 0 1 304.5 1, 337. 5

790.7

837.4

796.7

812.3

829.3

834.3

841.3

844.6

1,019.7 1,141 6 1,030 0 1 060.0 1,098 9 1 126 2 1 156 3 1 184 9

729.5

774 9

735 3

750 3

767 1

772.0

778.8

781.7

984 9 1 013.6 1 050 5 1 076 8 1 105 2 1 130 1 706 6
951.0
976.9 1,008 9 l'o33 5 1 056 2 1 073 4 682.0
33 9
36 7
41 6
43 3
24 6
49 0
56 7

750 7
727 5
23 2

712 3
688 7
23 6

726 8
702.5
24 2

742 9
718 1
24 g

748 3
725 9
22 4

754 7
733.6
21 2

756 8
732.6
24 2

975.4 1 090 6
941.0 1,043 0
34 4
47 7

36.8
7.5

41 1
98

37.5
7 6

37.8
8 7

39.3
91

40.5
89

41 8
93

42 9
11 9

17.4
55

18 3
59

17.5
55

17.4
6 2

18 0
6 3

18.2
55

18.5
55

18 5
65

135 4
50.3
85.1

147 5
52 8
94 8

136 5
50 2
86.4

139 2
50 5
88.7

143 5
52 5
91 1

145 8
52*2
93 6

148 2
52 3
96 0

152 5
54 1
98 4

61 1
21 8
39 3

62 5
21 3
41 1

61 3
21 7
39 7

62 0
21 7
40 3

62 2
21 6
40 6

62 4
21 4
41 0

62 5
21 2
41 3

62 9
21 2
41 7

HISTORICAL STATISTICS
THE national income and product data for 1929-63 are in The National Income and Product Accounts of the United States, 1929-1965,
Statistical Tables (available at $1 from Commerce Department District Offices or the Superintendent of Documents; see addresses inside
front cover). Each July SURVEY contains preliminary data for the latest 2 years and fully revised data for the preceding 2. The July 1973
issue has data for 1969-72. Prior July issues have fully revised data as follows: 1968-69, July 1972; 1967-68, July 1971; 1966-67, July 1970;
1965-66, July 1969; 1964-65, July 1968. BE A will provide on request a reprint of the fully revised data for the years 1964-69.




CURRENT BUSINESS STATISTICS

J.HE STATISTICS here update series published in the 1973 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (available from the Superintendent of Documents for $5.15) provides a description of each series, references
to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1969 through 1972 (1962-72 for major quarterly
series), annually, 1947-72; for selected series, monthly or quarterly, 1947-72 (where available). Series added or significantly revised after the 1973
BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively; certain revisions for 1972 issued too late for
inclusion in the 1973 volume appear in the monthly SURVEY beginning with the August 1973 issue. Also, unless otherwise noted, revised monthly
data for periods not shown herein corresponding to revised annual data are available upon request.
The sources of the data are given in the 1973 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and
are also listed alphabetically on pages 189-90. 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.
1971

Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes areas shown in
the 1973 edition of BUSINESS STATISTICS

1972

1970

1973

IV

1971
I

III

II

1973

1972
IV

Annual total

I

II

III

IV

I

II

III

IV

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
991.8

1,027.2

1,084.2

1,112.5

1,142.4

1,166.5

1,199.2

1,242.5

1,272.0

1,304.5

1,337.5

Personal consumption expenditures, total.. do

667.2

726.5

804.0

628.3

650.0

662.2

673.0

683.4

700.2

719.2

734.1

752.6

779.4

795.6

816.0

825.2

Durable goods total 9
do
Automobiles and parts
do
Furniture and household equipment- .. do

103 6
46.6
42.1

117 4
52 8
48.1

130 8
57 g
54.5

88 1
33 1
40.3

100 3
44 7
41.3

101 9
45 5
41.6

105 4
48 3
41.9

106 7
47.8
43.6

111 5
49 4
46.6

115 1
51.2
47.3

120 2
55.0
48.6

122 9
55.7
50.0

132.2
60.5
53.7

132.8
59.7
54.4

132.8
59.2
55.0

125.6
51.8
55.0

Nondurable goods total 9
Clothing and shoes
Food and beverages
Gasoline and oil

do
do
do
do

278 7
57.0
136 6
23 5

299 9
62.3
145 3
25 5

335
69
161
99

9
7
4
i

271 1
54.5
133 3
22 7

273.5
55.7
134 1
22 9

278 0
57.0
136 2
23.1

279.8
57.4
137 6
23.6

283.5
58.1
138.4
24.5

288.8
59.4
141 0
24.7

297.9
61.7
144.7
25.0

302.3
62.9
146 5
25.8

310.7
65.1
149.1
26.6

322.2
68.3
154.7
27.5

330.3
69.3
158. 1
28.8

341.6
70.3
164.3
29.4

349.6
70.8
168.3
30.5

do
_ do
do
do

284.9
39 7
98.5
20 4

309.2
43 8
105.5
21 8

337
48
114
23

3
0
5
4

269.1
37 3
93.3
18 9

276.1
38 4
95.4
19 4

282.3
39 3
97.6
20 1

287. 8
40 3
99.5
20 6

293.2
40.7
101.4
21.2

300.0
41.8
103.1
21.6

306.2
43.2
104.7
21.7

311.6
44.5
106.3
21.8

319.0
45.7
107.9
22.2

325.0
46.5
110.6
22.8

332.6
47.1
113.3
23.2

341.6
48.7
115.8
23.7

350.0
49.5
118.4
24.1

153 2

178.3

9QO I

137.4

145.5

152.7

153.8

160.8

167.5

174.7

181.5

189.4

194.5

198.2

202.0

213.9

147
104
37
66
42
42
6
4

1
4
9
5
7
2
1
5

172.3
118.2
41 7
76 5
54 0
53 5
6 0
56

194 9
136 2
48 4
87 8
58 0
57 4
80
7 3

132.3
98.5
36 5
62 0
33 8
33 1
51
4 9

138.5
101.4
37 0
64.4
37 1
36 6
70
5 8

145.0
103.6
37 6
66 0
41 5
41 0
7.6
6 3

149 5
104.7
38 4
66 3
44 8
44 1
4 3
24

155.6
108.0
38 5
69.5
47 5
46 9
5.3
35

165.8
114.0
41.0
73.1
51 8
51 2
1.7
14

169.2
116.3
41.5
74.9
52 8
52.3
5.5
4 8

172.9
118.3
41.3
77.0
54.5
53.9
8.7
8.4

181.2
124.3
43.0
81.2
56.9
56.4
8.2
7.9

189.9
130.9
45.3
85.5
59.0
58.4
4.6
4.4

193.7
134.1
47.2
86.9
59.6
59.1
4.5
4.4

197.3
138.0
49.5
88.6
59.2
58.6
4.7
3.2

195.9
141.8
51.7
90.1
54.0
53.4
18.0
17.3

do
do
-- do

8
66 3
65 5

—4.6
73 5
78 1

5 8
10° 9
0
96

2 8
63 2
60 4

3.8
65 9
62 1

5
67 1
66 6

11
69 1
68 0

-2.2
63 0
65.2

-5.5
70 3
75.8

-5.7
69.9
75.6

-3.8
74.0
77.7

-3.5
79.7
83.2

.0
89.7
89.7

2.8
97.2
94.4

7.6
104. 5
97. 0

12.8
116.4
103.6

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

234.3
98 1
71 6
136 2

255.0
104 4
74 4
150 5

277. 1
106 6
73 9
170 5

223.3
94 8
72 6
128 5

227.9
96 1
72 3
131 8

231.5
96 7
71 3
134 8

235.5
98 2
70 3
137 3

242.2
101.2
72 4
141.0

250.3
106.0
76 5
144 3

254.2
106.7
76 6
147.5

254.7
102.3
71.9
152. 4

260.7
102. 7
72.4
158.0

268.6
105.5
74.3
163.0

275.3
107.3
74.2
168.0

279.0
106.8
74.2
172. 2

285.6
106.8
73.0
178.8

1 149 1 1 281 1
535 4
606 7
040 \
214 1
321 2
364 6
534 5
487.3
126.5
139. 9

986 7
465 9
175 0
290 9
421 0
99.8

1 020 2 1 039 2 1 059 2 1 078 9 1 110 8 1 136 9 1 157.8 1 191.0 1,237.8 1 267.5 1,299.8
585.0
617. 6
555.4
599. 6
515.2
539.9
531.0
501.1
482 1
485. 9
495 2
246.2
222. 8
242.4
238.1
216.8
211.4
196 2
205 5
188 1
192 8
187 4
371.4
346.9
357.3
323.1 332.5
304.9
319.6
302 4
309.7
297 8
294 7
540. 8
514.8
503.9
527. 7
491.8
481.5
460. 9
471.8
444.0
450.8
433 9
141.4
140.1
131.7
138.1
126.2
124.4
117.0
113.2
123.8
109. 3
104.1
4.7
8.2
4.6
4.5
5.5
8.7
1.7
5.3
7 6
4 3
51
7 0
8.0
I i
7
4
4.4
10.4
7.3
5.8
32
— 9
4 2
4 1
-3.4
-2.2
.3
-2.8
2.9
6.2
2.3
1.3
29
34
37
6 2

1,319.4
624.6
241.7
382.8
554.7
140.2

Gross national product total

- --

Services total 9
_.
Household operation
Housing
Transportation

.

bil. $

Gross private domestic investment, total.. .do
Fixed investment
Nonresidential
.
Structures
Producers' durable equipment
Residential structures
Nonfarm
Change in business inventories
Nonfarm

do _ _
do
do
. ..do
do
do
do
do

Net exports of goods and services.
Exports
Imports

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

1,055.5

do
1 049 4
-do
491 1
do
191 1
. do. _.
299 9
do
447.4
do
110.9

Change in business inventories
Durable goods
Nondurable goods

-

do.
do
. do

1,155.2 1 289 1

6 1
2 0
4 1

60
4 9
11

8 0
8 0

745 4

790 7

837 4

1 046.9 1,063.5

18.0
12.4
5.6

GNP in constant (1958) dollars
Gross national product total

bil. $

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

do
do. .
do

Gross private domestic investment, total. ..do
Fixed investment
Nonresidential
Residential structures
Change in business inventories

do
do
do
. . .. do. ..

Net exports of goods and services..

do

* Preliminary.

534-264
O - 74 - S-l


526.8

553. 9

477.5

735 1
489.5

740 4
493.6

746 9
498.0

759.0

504.1

768.0

785.6

796.7

812.3

829.3

834.3

841.3

844.6

512.5

523.4

531.0

540.5

552.7

553.3

558.1

551.3

105.8
222. 2
202. 9

109.2
225.8
205.4

117.0
228.8
207.0

116.2
228. 0
209.1

115.4
230.2
212.5

108.7
228. 3
214.3

124.8

129.1

130.2

130.2

130.8

137.6

122. 8
87.5
35.3
6.3

126.9
91.2
35.6
3.3

126.9
91.5
35.3
3.4

127.7
93.2
34.5
3.0

125.0
94.5
30.5
12.5

92 2
211 6
192 4

104.0
220.9
201.8

114 3
"8 8
9
10 7

79 3
209 8
188 4

89 3
210 2
189. 9

90.2
211.8
191.7

93.6
211.5
192. 9

95.8
213.0
195.3

99.2
215.0
198.2

101.9
220.7
200.8

110.3

122.9

132. 2

102.1

106.6

110.3

109.5

114.8

116.5

121.0

105.0
76 1
29 0
53
.4

118.3
83 7
34 6
4.6

-2.0
143.0
60 8
82. 2

105.5
75.6
29. 9
4.0

34 0
5 6

97.6
73 5
24 1
4 5

100.7
74 8
25 9
5.8

103.8
75 5
28.3
6.5

6.7

2.0

2.4

2

.8

136.7
59 9
76.8

138.6
61. 1
77.5

1°6 6
C)9 fl

138.4
144. 7
60 9
57 1
77.5
S7. 6
9 Includes data not shown separately.

Govt. purchases of goods and services, total -do
Federal
do
State and local
do
Revised.

496.3

719 3

137.8
61 8
76.0

136.7
60 1
76.6

110.1
78.4
31.7
4.7

115.4
81.5
34.0
1.1

116.7
82.5
34.2
4.3

118.2
83.4
34.7
6.6

-1.6

-3.7

-2.8

-.9

-.8

2.0

5.6

7.4

11.6

141.6
62.5
79.1

142.7
63.0
79.7

144.0
62.9
81.1

141.8
58.8
83.0

143.5
58.6
85.0

144.4
58.2
86.2

145. 2
58. 2
87.0

145. 0
57.2
87.8

144.1
54. 9
89. 2

S-l

SURVEY OF CURRENT BUSINESS

S-2
1971

Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown in
the 1973 edition of BUSINESS STATISTICS

1971

1973

1972

II

Annual total

March 1974

1972
I

IV

III

11

1973
III

IV

1
|

I

I!

1974
IV

Ill

I

II

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
1
|

NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
Implicit price deflators:
Gross national product
Index, 1958 = 100^.
Personal consumption expenditures.
do
Gross private domestic investment:
Fixed investment
do
Nonresident ial
do
Residential structures
do
Govt. purchases of goods and services
do
National income total

146. 10
137. 9

153. 94
145. 2

141. 40
134. 2

142. 39
135.2

142. 85
135. 6

144. 85
136.6

145. 42
137.4

146. 42
138. 2

147. 63
139. 2

149.81
141.0

152. 46
143.8

155. 06
146. 2

158. 36
149. 7

140.1
137.3
147.5
169. 2

145.7
141.3
156. 3
178.3

153.3
147.1
170. 5
191. 6

139. 7
137.1
146.7
169. 4

141.7
138. 5
149. 6
169. 9

141.3
137.8
149. 9
171.0

143.
140.
152.
175.

6
0
4
4

145. 0
141.1
154. 4
176.6

146.3
141.8
157. 0
179. 6

147.6
142. 1
161. 2
181.6

149. 7
143.5
165. 6
186.0

152. 7
146. 5
168. 6
189. 6

154. 4
148.1
171.6
192. 5

156.7
150.0
177.1
198. 2

859.4

bil. $

941.8 '4,054.1

853.6

865.6

882. 7

911.0

928. 3

949.2

978.6

,015.0 ! 1,038.2

1,067.4 > 1,095.8

644.1

707.1

785. 2

638.8

648. 8

661.2

684.3

699.6

713.1

731.2

757.4

774.9

794. 0

573.8
449.7
19.4
104.7
70.3

627.3
493.3
20.3
113.8
79. 7

691.4
546. 0
20. 8
124. 6
93. 9

569.3
446.3
19.3
103.6
69.6

577. 6
452. 3
18. 9
106.3
71.1

588. 6
461.7
19.6
107.3
72.6

607.3
476. 4
20. 9
110.0
77.0

620.8
488.4
20.1
112.3
78.9

632.5
497.5
20.0
115.1
80.5

648.7
510.9
20.1
117.7
82.5

666.7
525.1
20.9
120. 7
90.8

682.3
538. 7
20.5
123. 1
92.6

699. 3
553.2
20.4
125.7 1
94.7

do
do
-do _ .
do
'

68.7
51.9
16.8
24.5

54.0
20.2
24.1

84.2
57. 5
26. 8
25. 1

68.3
61.7
16.6
24.7

68.6
52. 3
16.3
24.7

70. 2
52.7
17.5
24.4

72.5
53.1
19. 5
24.1 !

73.2
53.3
19. 9
22. 6

74.1
54.3
19.8
24.9

77.1
55.3
21.8
24.9

80.6
56.3
24.3
24.7

81.5
57.1
24.4
24.6

85.0
57.9
27.1
25.3

80.1

91.1

15.2
64. 9
32.5
17 8
14 7

17.5
73.6
40.1
20 0
20 2

8.6
23.9

9.3
24.2

85.1
37.4
47.6
25.1
22.5

Corporate profits and inventory valuation adjustment total
bil. $
By broad industry groups:
Financial institutions
do
Nonfinancial corporations total
do
Nondurable goods industries
Durable goods industries

Net interest

80.5

80.9

83.4

86.2

88.0

91.5

98.8

104.3

107.9

112. 0

pll'2. 6

21. 6
87. 6
51. 1
'•" I ''
''6 9

14.7
65.8
32.7
17.8
14.9

15.9
65.0
31.8
18.0
13.8

16.3
67.1
33.6
17.9
15.7

16.6
69. 6
37.3
18.6
18.7

17.3
70.7
38.7
18.5
20.2

17.6
73.9
39. 9
20.4
19.5

18.6
80.2
44.7
22.4
22.3

19.8
84.5
49.7
22.8
26.9

21.4
8(5. 5
52.4
23.9
28.5

22.3
89. 7
51 9
25. 3
26.6

p 22. 8
v 8't 8

;)

•!• 3

9.1
23.9

9.1
24.1

7 9
25^7

8.5
23.8

8.9
23.1

9.8
24.1

9.9
25.7

9.2
25.6

8.5
25.6

10.3
27.5

98.0
42.7
55.4
26.0
29.3

» 126. 4
» 55. 9
70. 5
27.8
42.7

85.5
38.4
47.1
25.1
22.0

87.0
38.0

ts

92.8
40.6

23.7

86.9
36.4
50.6
24. 9
25.7

?>?•"
25. /
26.5

94.8
41.4
53.4
25.9
27.5

98.4
42.9
55.6
26.2
29. 4

106.1
45.9
60.3
26.4
33.9

119.6
52.7
66.9
26.9
40.0

128.9
57.4
71.6
27.3
44.2

129. 0
57.6
71.5
28. 1
43.4

*128. 1
P 56. 0
P 72. 0
29.0
P 43. 0

-4.9
42 0

-6.9
45.2

-17.3
50. 4

-5.0
41.4

-6.1
42.7

-3.6
43.5

-6.6
43. 9

-6.7
44.8

-6.9
45.7

-7.3
46.6

-15.4
47.9

-21. 1
49.4

—17.0
51.1

-15.5
53.0

863.5
117.5
746.0
685.8
60.2

do
do

Transportation, communication, and public
utilities
bil $
\.ll other industries
do
Corporate profits before tax total
Corporate profits tax liability
Corporate profits after tax
Dividends
Undistributed profits

---;

89.8
58.5
31.3
25.7

do

-- -

1
"1

717.2
566. 9
21.3
129. 1
97.5

do

Wages and salaries, total
_
Private
Military
Government civilian
Supplements to wages and salaries. _ __

- -

814.7

-do
do
-do _ _
.do
-do

do
do
_do._
do
do

Compensation of employees, total

Proprietors' income, total 9
lousiness and professional 9
Farm
Rental income of persons

141.60
134.4

939. 2
142. 2
797. 0
747.2
49.7

1,035.4
152.9
882. 5
827.8
54. 8

859.5
115.5
744. 0
680.6
63.5

870.2
118.1
752.0
691. 8
60.2

884.4
124.0
760.4
702. 6
57.8

910. 8
138.0
772. 8
720. 0
52.9

926.1
140.7
785.4
739. 5
45.9

943.7
142.8
800. 9
755.1
45.8

976.1
147.4
828.7
774.3
54.4

996.6
145.1
851.5
801.5
50.0

1,019.0
149. 3
869. 7
818.7
51.0

1,047.1 1,078.9
161.1
156. 0
917. 8
891. 1
850.8
840.1
67.1
51.1

v 109. 2
»
i>
»
ii
i'

DISPOSITION OF PERSONAL I N C O M E
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income total
Less; Personal tax and nontax payments
Equals: Disposable personal income
Less* Personal outlays©

bil. $
do
do
do

1

1

i

NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
\11 industries
Manufacturing
Durable goods industries t
.
Nondurable goods industries K

81.21
29. 99
14. 15
15.84

88.44
31. 35
15. 64
15. 72

99. 74
38. 01
19. 25
18.76

20. 60
7.55
3. 52
4.03

20. 14 i
7.31
3.40
3.91

22. 79
S. -1 i
4. 12
4. 32

19.38
6.61
3. 29
3.32

22.01
7.63
3.71
3. 92

21.86
7.74
3.86
3.87

25.20
9. 38
4.77
4.61

21. 50
7.80
3. 92
3.88

24.73
9. 16
4.65
4.51

25. 04
9.62
4.84
4.78

' 28 .48 '123.92 i i 27.83
'11.43 '9.38 I 11.14
'4.85
'5.84
5.54
'4.54
'5.59
5.60

do

Nonmanufacturing

bil. $
do
_ do
do

51 22

57.09

61.73

13. 06

12.83

14.35

12.77

14.38

14. 12

15.83

13. 69

15.57

15.42

'17.05

.69
.48
.57
.44

'.71

4.82
4.04
.77
3. 19
5.24

'5.36
' 4 .54

do
.do
do
do

2.16
1.67
1.88
1.38

2.42
1.80
2.46
1.46

2.74
1.96
2.41
1.66

.54
.47
.60
.36

.55
.42
. 3J
.37

. 59
.45
.56
. 37

.58
.48
.50
.32

.61
.48
.73
.39

.59
.38
.61
.35

.63
.47
.63
.40

.63
.46
.52
.32

.71
.46

Public utilities .
Electric
Gas and other

do
do
do

Commercial and other

do

15.30
12. 86
2.44
10.77
18.05

17.00
14.48
2. 52
11.89
20.07

18.71
15. 91
2.76
12. 85
21.4(

3.83
3. 20
.63
2. 81
4.44

4.07
3.35
.71
2. 62
4.42

4.29
3. 60
. 69
2.81
5. 26

3. 63
3.19
.44
2 72
I 55

4.24
3.61
.62
2.95
4.98

4.39
3.67
72
2^84
4.97

4.74
4.01
.73
3.39
5.57

3.95
3.45
.50
2.87
4.94

4. 59
3. 91
.68
3.27 1
5.40
i

j:: ;:::::
i

81.61
30. 12
14. Oti
16. 06

80.75
29. U
13.76
15.43

S3. 18
30. 35
14.01
15. 74

86. 79
30. 09
15.06
15. 02

87.12
30.37
14.77
15.60

87.67
30.98
15. 67
15. 31

91. 94
33. 64
16.86
16.78

96. 19
35.51
17. H8
17.63

97. 76
36.58
18.64
17.94

61.18

62. 09

1.75

2. 82
1.95
2.49
1.79

Mining _
Railroad
... ..
Air transportation
Other transportation
.

, .
.

Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing
Durable goods industries If
Nondurable goods industries t

do...
do_ . .
do...
do...
do

51.50

i
51.56 1

52.82

56. 70

56. 75

56.70

58.30

60.68

do
do
do
do

2. OS
1.88
2. 28
1.40

2. 23 1
1.72
1.6S
1.48

2.30
1.64
2. 26
1.33

2.42
2.10
1.96
1.48

2. 38
1.88
2. 89
1.53

2.40
1.50
2.67
1.41

2.46
1.71
2.33
1.42

2.59
2.11
2.21
1.53

14.91
15.87
Public utilities
do .
12.61
1 3. 56
Electric
do
j
2. 30
2. 30
Gas and other
do.. _ J
11.21
10.73
Communication
do
i.
17. 72 : 17.85 !
Commercial a n d other
do
-'Revised.
* Preliminary.
i Estimates (corrected for systematic biases) for Jan.Mar. and Apr.-June 1974 based on expected capital expenditures of business. Expected
expenditures for t h e year 1974 appear on p. 22 of the March 1974 SURVEY.
- Includes
communication.
9 Includes i n v e n t o r y valuation a d j u s t m e n t .
©Personal outlays comprise personal consumption expenditure's, interest paid by consumers, and personal transfer
payments to foreigners.

15.74
13.01

Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation




I

:«

L62

' 14.54
r

16.69

.75
'.50
'.48
'.39

.60
'.47

'.82

3.53
'5.83

.80
.60
.65
.41

'4.52 i
'3.99
'.53

'.56

5.39
4.48
.91

' -07 .90

28.83

100. 90 ' 103.74 'U07.18 i 109.96
44.47
38.81 '40.61 '42.74
22.18
19. 73 '20.48 r 22 12
22.29
19. 08 '20.13 ' 20 '.62

'63.12

'64.44

' 2.76
'2.05
'2.20
' 1 78

'3.10 !
'2.26
'2.03
' 1.78 ;

65.49
3.14
2.32
2.44
1.57

21.20
18.08
18.58 ' 19.80 ' 21 .00
18.38
17.53
17.01
1 6. 60
16.92
17.80
15.55
16. 00 '16.72 ' 17.84
14.62
15. 40
14.67
14.32
14.27
3.40
'3.08 '3.16
2. 52
2. 58
2. 98
2.38
2. 86
2. 27
2. 65
13.24
13. 12
12. 70
KM; 11.71 11.59 i 11.56 i 12. 63 12.31
2
21.55 i 21.36 ' 21 .3o '"234". 27~j~ ~34~.82
20. 21
21. 53
20. 16
19. K
20. 10 ' 19. 88
§ Personal saving is excess of disposable income over personal outlays.
''Data for i n d i v i d u a l d u r a b l e and n o n d u r a b l e goods industries components appear in the
Mar., June, Sept., and Dec. issues of the SURVEY.

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