Full text of The National Income and Product Account : Second Quarter 1956

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y BUSINESS STATISTICS
_|_ 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 arid 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 significantly revised since publication of the 1955 Supplement are indicated by an asterisk (*) and a dagger (f), respectively. Except
as otherwise stated, the terms "unadjusted" and "adjusted" refer to adjustment for seasonal variation.
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.
[Averages for the year 1955 are provided in the July 1956 issue of the SURVEY]
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS

1955

August

1956

Septem- October Novem- December
ber
ber

January

February

March

April

May

June

July

August Septen
ber

GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates :f
National income, total.. - - _ _
bil. ofdol

328. 3

334 4

334.9

338.7

do
do
do
do .__
do
-do

226. 8
213 6
177 5
9.8
26 4
13.2

230.3

233.0

217 0
180 5
9.7
26 8
13 3

219 4
182. 5
9.6
27 3
13. 6

237.2
223 5
186.2
9.5
27.8
13.8

Proprietors' and rental income, to talc?
do
Business and professionalcf
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

49.0
27 7
11.3
10 0

49.3
28 0
11.4
9 8

49.5
28 2
11.5
98

49.9
28 9
11.3
9 7

41 6
43 5
22 0
21 5
—1.9
11 0

43 4
46 4
23 4
23 0
-3.0
11 3

40 9
43 7
22 1
21 6
-2.8
11 5

39 8
42.9
21.7
21.3
-3.1
11 7

Compensation of employees, total
Wages and salaries, total
Private
Military
Government civilian
Supplements to wages and salaries

Gross national product, total

do

396 8

401 9

403 4

408 3

Personal consumption expenditures total
F)urable goods
Nondurable goods
Services

do
do
do
do

257 8
37.2
127 6
92.9

259 5
35.4
129 2
94 9

261 7
34.8
130 5
96.4

263 7
33.4
132 3
98.0

Gross private domestic investment total
New construction
Producers' durable equipment
Change in business inventories

do
do
do
do

62
33
25
3

65
33
25
6

63
32
26
4

64 2
33 1
27 5
3.5

3
5
0
7

1
0
9
1

1
6
4
1

.2

— 8

.1

1.7

76.5
46. 6
41.3
29 9

Net foreign investment
do
Government purchases of goods and services, total
bil ofdol
Federal (less Government sales)
do
National security 9
do
State and local
do

78 1
47.2
40 6
30 9

78. 5
46.4
40. 5
32 1

78.7
46. 1
40. 7
32 6

Personal income total
Less* Personal tax and nontax payments
Equals' Disposable personal income

do
do
do

309. 6
35 9
273 8

314 6
36 3
278 4

317.5
37 3
280 2

322.9
38.1
284 9

Personal saving §

do

15.9

18 8

18 6

21.2

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

r

bil of dol

308 7

311 0

311 6

314 5

317 5

316 7

317 1

318 6

321 7

322 8

324.9

324. 3

328. 2

do
do
do
do
- - do

213.4
92 1
56.5
28.7
36.1

214.7
92 8
56 9
28.7
36.3

215 3
93 3
56 7
28.9
36.4

217 2
94 2
57 3
29.3
36.4

218 2
94 5
57 6
29.4
36.7

219 0
94 8
57 9
29.5
36.8

218 9
94 7
57 9
29.5
36.8

220 3
95 1
58 4
29.6
37.2

222.9
96 8
59 1
29.8
37.2

223.2
96 8
59 1
30.0
37.3

225.2
97 5
59 9
30. 2
37.6

224.0
95.9
59.9
30.4
37.8

227.1
98.3
60.3
30.6
37.9

49.0
27 1
17.4

7.1

7.2
49.4
27 6
17 4

7.2
49 1
27 9
17 4

7.2
49 6
28 1
17 7

7.3
49 2
30 2
18 0

7.3
49 4
28 5
18 2

7.2
49 7
28 7
18 3

7.2
49 5
28 8
18 5

7.2
49 7
29 1
18 6

7.2
50 1
29 4
18 7

7.3
50.0
29 6
18.6

7.3
'SO. 5
r
29.7
18.6

7.3
51.0
29.9
18.8

53

5 3

53

5 3

5 4

5 7

5 7

57

58

58

58

5.8

5.9

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 ofdol

310,3 ' 309. 4 312.9
295.9
299.4
301.5
304.0
307.6
Total nonagricultural income_.
do
293.8
296.9
302.8
306.8
301.6
r
Re vised.
tRevised series. Estimates of national income and product and personal income have been revised back to 1952 (see pp. 7 ff. of the July 1956 SURVEY); for data prior to 1952, see the 1954
NATIONAL INCOME SUPPLEMENT or the 1955 edition of BUSINESS STATISTICS.
cflncludes 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,




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