Full text of The National Income and Product Account : Fourth Quarter 1955

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BUSINESS STATISTICS
i HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1955 Statistical Supplement to the SURVEY OF
CURRENT BUSINESS. That volume (price $2.00) contains monthly data for the years 1951 through 1954 and monthly averages for earlier years
back to 1929 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1951. Series
added or revised since publication of the 1955 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. In most instances, 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,
through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS

Data from private sources are provided

1956

1955

January

February

March

April

May

June

July

August

Septem- October Novem- December
ber
ber

January

GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates:
National income, total
bil of dol

311.4

320.7

325.7

do
do
do _ do
do
do

213.1
200 8
166.5
9.1
25.3
12 2

219.5
207 0
171.7
9.3
25.9
12 5

224.3
211 3
175.6
9 1
26.6
13 0

228 0
214 7
178.8
90
26 9
13 2

do
do_
do
do
adjustof doLdo
do
do
do
do

48 8
26.6
11.5
10.7

48.7
27.1
11.0
10.7

48.8
27. 6
10 6
10.7

50
28
11
10

39.6
40.9
20 5
20.4
—1.3
9.9

42.2
43.0
21.6
—.8
10.3

41.9
44 5
22 3
22 2
—2.6
10.7

—3 1
11 2

Compensation of employees, total
Wages and salaries total
Private
Military
Government civilian
Supplements to wages and salaries
Proprietors' and rental income total c?
Business and professional cf
Farm
Rental income of persons
Corporate profits and inventory valuation
ment, total
bil.
Corporate profits before tax, total
Corporate profits tax liability
Corporate profits after tax
Inventory valuation adjustment
Net interest

21 A

1
0
4
7

do

375.3

384.8

392.0

397 3

do
do
do
do

245 8
34.4
122.4
89.0

250 5
35.1
125.3
90.2

255 7
36 9
127.0
91.8

257 2
34 8
128 8
93 6

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

54.1
31.2
21.5
15

60.1
32.6
23.2
4 3

60.5
33.2
24.9
2 4

63.2
32 3
25.5
53

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- -

-.4

-.7

.0

—.3

75.8
46.4
41.2
29.4

74.9
45.2
40.4
29.7

75.8
45.5
40.6
30.2

77 2
46 3
41 0
31 0

do
_ do __
_ _ do _ _

293 6
32.6
261.0

300 5
33.4
267.1

306 1
34.4
271. 7

312 1
35 4
276 6

do

15.3

16.6

16 0

19 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 §

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
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- .

292.2

293.2

295.7

298.9

301.4

301.6

305.3

305.3

307.9

309 2

312 0

r

314 8

312 5

199.3
85.4
52.9
26.8
34.2

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

207.3
90.6
54.5
27.4
34.8

208 0
90.9
54.9
27 4
34.8

212.4
91.7
55.7
27.8
37.2

211.2
91.5
56. 1
27 9
35.7

212.4
92.2
56.4
28.0
35.8

213 3
92.8
56 4
28 2
35. 9

215 3
94 0
56 8
28 5
36 0

r 215 8

36 1

215 5
93 6
56 9
28 7
36 3

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
17.6

6.9
48.8
26.1
17.5

6 9
48.5
26.3
17.1

7.0
47.9
26.4
16.9

7.0
48.8
26.7
16.9

7. 1
49.7
27.1
16.9

71
49 8
27.4
16 9

71
50 2
27.6
17 1

7 2
49 9
29.9
17 4

7
49
28
17

5.0

5.0

5.1

5.1

5.2

5.2

5.3

5.3

5.3

5.3

287.2
280.9
283.7
276.5
277.7
291.7
290.8
286.6
294.4 |
Total nonagricultural income
do
293.0
r
Revised.
cf Includes inventory valuation adjustment.
9 Government sales are not deducted.
§ Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.




5.3
296.6

94 1

r 56 Q
r 28 7
r

r

5.4
' 299. 9

2
8
0
7

5.7
297.9

S-l

February