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SURVEY OF CURRENT BUSINESS

May 1974

15

NATIONAL INCOME AND PRODUCT TABLES
1972

rv

1973

1972

1973
I

II

1974
III

IV

1972

I

1972

1973

1973
I

IV

Seasonally adjusted at annual rates

II

1974
III

rv

I

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 1 199 2 1 242 5 1 272 0 1 304.5 1 337 5 1 352.2

Gross national product

831.0

790 7

837 4

812 3

829 3

834 3

841 3

844 6

726 5

804 0

752 6

779 4

795 6

816 0

825 2

844 6

526 8

553 9

540 5

552 7

553 3

558 1

551 3

547 2

117.4
299 9
309 2

130 8
335 9
337 3

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

125.0
362 3
357.3

104.0
220 9
201 8

114 3
228 8
210 7

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

106.5
226 3
214.4

178 3

202 1

189 4

194 5

198 2

202 0

213 9

198 9

122 9

132 2

129 1

130 2

130 2

130 8

137 6

124.5

172.3

194 2

181.2

189.9

193.7

197.3

195 9

193.4

118.3

126 6

122.8

126.9

126.9

127.7

125 0

121.0

118.2
41 7
76 5

136 2
48 4
87*8

124 3
43 o
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

144.1
53 9
90 2

83.7
23 0
60 8

92 6
24 9
67 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

93.8
26.8
67.0

54 o
53 5
.6

58 0
57 4
6

56 9
56 4
5

59 0
58 4
.6

59 6
59 1
5

59 2
58.6
.6

54 o
53 4
7

49 3
48 6
.7

34 6
34 2
.4

34 Q
33 6
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

27.2
26.8
.4

6.0
r a

8.0

8.2

4.6

4.5

4.7
o n

17 Q

18.0

5.5

4.6

3.3
o n

3.4
Q q

3.0

12.5

3.5
q O

6

3

2

1

1.5

7

6

1

5.6
6n
3

6.3

.4

.1

.7

4

.2

—4 6

58

—3 5

o

28

76

12 8

10 9

—2 0

67

— 8

20

56

7 4

11 6

12.5

73.5
78.1

102 0
96 2

79.7
83 2

89.7
89 7

97 2
94 4

104.5
97 0

116 4
103 6

130.4
119 4

56.4
58 4

67 6
60 9

59.6
60 3

65.3
63 3

66.6
61 1

67.4
60.0

71 0
59 4

73.9
61.4

255 0

277 1

260 7

268 6

275 3

279 0

285 6

297 8

143 0

144 7

143 5

144 4

145 2

145.0

144 1

146.8

Federal
National defense
Other

104.4
74.4
30.1

106.6
73 9
32 7

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

112.1
76 3
35 8

60.8

57 1

58.6

58.2

58.2

57.2

54 9

56.7

State and local

150.5

170 5

158 0

163 0

168 0

172 2

178 8

185 7

82 2

87 6

85 0

86 2

87.0

87.8

89 2

90.1

Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment _
Fixed investment
Nonresidential
Structures
Producers' durable equipment- . .
Residential structures
N on farm
Farm
..
Change in business inventories
Farm
Net exports of goods and services
Exports
Imports

.

Government purchases of goods and services

a n

1

1

91

19 1

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
Gross national product

•_

Final sales
Change in business inventories
Goods output

1 155 2 1 289 11 199 2 1 242 5 1 272 0 1 304 5 1 337 5 1 352 2

790 7

837 4

812 3

829 3

834 3

841 3

844 6

831.0

1, 149. 1 1 281 11 191 0 1 237 8 1 267 5 1 299 8 1 319 4 1 346 7
45
60
80
82
46
47
55
18 0

786 1
46

831 8
56

806.0
63

826.0
33

831.0
34

838.3
30

832 1
12 5

827.5
3.5

541.4

614 7

563 6

589 6

604 2

622 3

642 6

640 5

423 9

455 9

438 4

452.1

453.9

456.8

460.9

446.8

535.4
60

606 7
80

555 4
82

585.0
4 6

599 6
45

617 6
47

624 6
18 0

635 0
55

419 3
4 6

450 3
56

432 1
6 3

448.7
33

450.5
34

453.7
30

448 4
12 5

443.3
3.5

Durable goods
Final sales
Change in business inventories. .

219.1
214 1
4.9

250 1
242 1
80

233 2
222 8
10 4

242 5
238 1
4 4

249 7
242 4
73

254 3
246 2
80

254 2
241 7
12 4

246 0
240 3
57

184. 1
180 2
39

206 2
200 4
58

196.3
188 0
8 2

203.4
200 3
32

207.1
201 8
5.4

208.1
202.4
5.7

206 0
197 2
89

198.3
194.7
3.5

Nondurable goods.
...
Final sales
Change in business inventories

322.3
321.2
1i

364 5
364 6
— i

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

394 5
394.7
_ 2

239 8
239.1
7

249 7
250 0
— 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

248.5
248.6
—.1

487 3
126.5

534 5
139.9

503 9
131 7

514 8
138 1

527 7
140 1

540 8
141 4

554 7
140 2

571 8
139 9

292 6
74 2

306 0
75.5

298 8
75.1

300.6
76.7

304.1
76.3

308.6
76.0

310.5
73.1

313.3
70.9

831.0

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
Business
Nonfarm.
Farm

837 4

812 3

829 3

834.3

841.3

844.6

774 9

750.3

767.1

772.0

778.8

781.7

767.5

706.6
682 0
24.6

750 7
727 5
23 2

726.8
702.5
24.2

742.9
718.1
24.8

748.3
725.9
22.4

754.7
733.6
21.2

756.8
732.6
24.2

741.5
718.4
23.1

1 155 2 1 289 11 199 2 1 242 5 1 272 0 1 304 5 1 337 5 1 352 2

975.4 1 090 6 1 013 6 1 050 5 1 076 8 1 105 2 1 130 11 136.4
941 0 1 043 0 976 9 1 008 9 1 033 5 1 056 2 1 073 4 1 079 0
34.4
41.6
49 0
57.4
47 7
36.7
43 3
56 7

Households and institutions
Best of the world
General government
Federal
State and local

790 7

1, 019. 7 1,141 6 1 060 0 1 098 9 1 126 2 1 156 3 1 184 9 1 196 5 729 5

Private

_

36 8
7.5

41 1
98

37 8
8 7

39 3
91

40 5
89

41 8
93

42 9
11 9

44 5
15.6

17 4
5.5

18 3
59

17.4
6.2

18.0
6.3

18.2
5.5

18.5
5.5

18.5
6.5

18.8
7.2

135.4
50.3
85.1

147 5
52 8
94 8

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

155 8
54 7
101 0

61.1
21 8
39 3

62.5
21 3
41 1

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

63.4
21.2
42.3

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

1971

1973
I

II

1972
III | IV

I

|

II

1973

| III

IV

I

II

1974

| III | IV

I

Annual total
Seasonally adjusted quarterly totals at annual rates
X

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
Gross national product total

-

bil. $

1, 055. 5

1, 155. 2 1,289.1

1,027.2

1,046.9

1,063.5

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 1,352.2

667.2

726.5

804.0

650.0

662.2

673.0

683.4

700.2

719.2

734.1

752.6

779.4

795.6

816.0

825.2

844.6

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 8
54.5

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

r 125. 0

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

278.7
57.0
136 6
23.5

299.9
62.3
145 3
25.5

335 9
69.7
161 4
29 1

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

284.9
39.7
98.5
20.4

309.2
43.8
105.5
21.8

337.3
48.0
114.5
23.4

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

' r357. 3
49. 8

153.2

178.3

202.1

145.5

152.7

153.8

160.8

167.5

174.7

181.5

189.4

194.5

198.2

202.0

213.9

' 198. 9

147.1
104.4
37.9
66.5
42.7
42.2

172.3
118.2
41.7
76.5
54.0
53.5

194 2
136.2
48.4
87 8
58.0
57.4

138.5
101.4
37.0
64.4
37.1
36.6

149.5
104.7
38.4
66.3
44.8
44.1

155.6
108.0
38.5
69.5
47.5
46.9

165.8
114.0
41.0
73.1
51.8
51.2

181.2
124.3
43.0
81.2
56.9
56.4

189.9
130.9
45.3
85.5
59.0
58.4

193.7
134.1
47.2
86.9
59.6
59.1

8.0
7.3

195.9
141.8
51.7
90.1
54.0
53.4
18.0
17.3

' 193. 4
r
144. 1

1.7
1.4

172.9
118.3
41.3
77.0
54.5
53.9

5.3
3.5

169.2
116.3
41.5
74.9
52.8
52.3

197.3
138.0
49.5
88.6
59.2
58.6

7.0
5.8

145.0
103.6
37.6
66.0
41.5
41.0

7.6

Personal consumption expenditures, total.. do

-

Services total9
Household operation
Housing
Transportation

do .
do _
do
do

do
. __ do _
do
do

Gross private domestic investment, total.. .do
Fixed investment
...
do.. _
Nonresidential
do
Structures
. . .
do
Producers' durable equipment
..do
Residential structures
do
Nonfarm
.. .
do
Change in business inventories - do
Net exports of goods and services
Exports
Imports
-

do
do
do

Govt. purchases of goods and services, total- do
Federal
do
National defense
do
State and local
do.
By major type of product:
Final sales, total
Goods total
-.
Durable goods
Nondurable goods,
Services
Structures .

..

do
.- -do
- do
do
do
do

Change in business inventories
Durable goods
....
Nondurable goods

do
do
do. __

7.6
6.3

4.3
2.4

5.5
4.8

8.7
8.4

8.2
7.9

4.6
4.4

4.5
4.4

4.7
3.2

MS. 3
'57.3
362.3
'73.4
r 173. 6

'32.1

r 121. 5

' 25. 2

r 53. 9

'90.2
'49.3
'48.6
'5.5
'5.0

6.1
4.5

6.0
5.6

.8

-4.6
73.5
78.1

58
102.0
96.2

3.8

.5

69.1
68.0

-5.5
70.3
75.8

-5.7
69.9
75.6

-3.8
74.0
77.7

-3.5
79.7
83.2

2.8

67.1
66.6

-2.2
63.0
65.2

.0

65.9
62.1

1.1

66.3
65.5

89.7
89.7

97.2
94.4

104.5
97.0

12.8
116.4
103.6

' 10. 9
' 130. 4
' 119. 4

234.3
98.1
71.6
136 2

255.0
104.4
74.4
150 5

277.1
106.6
73.9
170 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

' 297. 8
' 112. 1
'76.3
' 185. 7

1,020.2 1,039.2 1,059.2 1,078.9 1,110.8 1,136.9 1,157.8
539.9
515.2
531.0
501.1
495.2
482.1
485.9
216.8
205.5
211.4
196.2
187.4
188.1
192.8
319.6
323.1
309.7
304.9
297.8
302.4
294.7
481.5
491.8
460.9
471.8
444.0
433.9
450.8
126.2
124.4
113.2
117.0
123.8
104.1
109.3

1,191.0
555.4
222.8
332.5
503.9
131.7

1, 049. 4
491.1
191.1
299.9
447.4
110.9
61

2.0

41

1, 149. 1 1, 281. 1
535.4
606.7
214.1
242.1
321.2
364.6
487.3
534.5
126.5
139.9

6.0
4.9
1.1

—. i

8.0
8.0

7.0
4.1
2.9

7.6
4.2
3.4

4.3
.7
3.7

5.3
-.9
6.2

1.7
.4
1.3

5.5
3.2
2.3

8.7
5.8
2.9

8.2
10.4
-2.2

1,237.8 1,267.5
599.6
585.0
242.4
238.1
346.9
357.3
527.7
514.8
140.1
138.1

4.5
7.3

4.6
4.4
.3

-2.8

1,299.8 1,319.4 '1,346.7
624.6 ' 635. 0
617.6
' 240. 3
246.2
241.7
371.4
382.8 ' 394. 7
554.7 '571.8
540.8
' 139. 9
140.2
141.4
18.0
12.4

'5.5
'5.7

-3.4

5.6

' 831. 0

4.7
8.0

GNP in constant (1958) dollars
745.4

790.7

837.4

735.1

740.4

746.9

759.0

768.0

785.6

796.7

812.3

829.3

834.3

841.3

844.6

496.3

526.8

553.9

489.5

493.6

498.0

504.1

512.5

523.4

531.0

540.5

552.7

553.3

558.1

551.3

' 547. 2

do
do
do

92.2
211.6
192.4

104.0
220.9
201.8

114.3
228.8
210.7

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

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

' 106. 5
' 226. 3
' 214. 4

Gross private domestic investment, total.. .do

110.3

122.9

132.2

106.6

110.3

109.5

114.8

116.5

121.0

124.8

129.1

130.2

130.2

130.8

137.6

' 124. 5

103.8
75.5
28.3
6.5

105.5
75.6
29.9
4.0

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

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

' 121. 0
'93.8
'27.2
'3.5

-1.6

-3.7

-2.8

-.9

-.8

2.0

5.6

7.4

Gross national product, total

bil.$._

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

Fixed investment ..
.
Nonresidential
Residential structures
Change in business inventories
Net exports of goods and services

do. __
do
do
do. __
do

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

» Preliminary.

539-173 O - 74 - S-l




105.0
76 1
29.0
5.3

118.3
83 7
34.6
4.6

126.6
92 6
34.0
5.6

100.7
74.8
25.9
5.8

.4

-2.0

6.7

2.4

138.4
60.9
77.5

143.0
60.8
82.2

9 Includes data not shown separately.

144.7
57.1
87.6

136.7
60.1
76.6

.8

136.7
59.9
76.8

138.6
61.1
77.5

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

11.6

'12.5

144.1
54.9
89.2

' 146. 8
'56.7
'90. 1

s-l

OF CURRENT BUSINESS

S-2
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown in
the 1973 edition of BUSINESS STATISTICS

1971

| 1972

1971

| 1973

II

Annual total

III

May 1974

1972

I

IV

II

1973

III

IV

I

II

1974

IV

III

I

II

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
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
Nonresidential . . . .
..
do
Residential structures
do
Govt. purchases of goods and services
do
National income, total

bil. $..

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

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

143.6
140.0
152.4
175.4

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

859.4

941.8

1,053.9

853.6

865.6

882.7

911.0

928.3

949.2

978.6 1,015.0 1,038.2 1,067.4 1,095.1

684.3

699.6

713.1

731.2

757.4

774.9

794.0

814.7 ' 826. 8
717.2 ' 726. 2
566.9 ••573.3
21.3
21.2
129.1
131.7
97.5
100.6

158. 36
149.7

162. 73
154.3

156.7
159.8
150.0 r 153. 6
'
177.1
181. 2
198.2 ' 202. 8

1,104.8

do

644.1

707.1

785.2

638.8

648.8

661.2

do
do
do
. do
_do

673.8
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
610.9
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
94.7

do
do
- do_ -do

68.7
51.9
16.8
24.5

74.2
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
17.6
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
65.3
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

89.8
58.5
31.3
25.7

'88.4
'59.3
29.1
25.8

adjustbil $

80.1

91.1

109.0

80.5

80.9

83.4

86.2

88.0

91.5

98.8

112.0

111.9

p 108. 9

15.2
64.9
32.5
17.8
14.7

17.5
73.6
40.1
20.0
20.2

21.7
87.3
50.8
24.2
26.6

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
86.5
52.4
23.9
28.5

22.3
89.7
51.9
25.3
26.6

23.2
88.7
49.2
24.9
24.4

P24.1
P84.7

8.6
23.9

9.3
24.2

9.3
27.3

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

9.1
30.4

do
do
do
do_. .
do

85.1
37.4
47.6
25.1
22.5

98.0
42.7
55.4
26.0
29.3

126.3
55.8
70.4
27.8
42.6

85.5
38.4
47.1
25.1
22.0

87.0
38.0
49.0
25.2
23.7

86.9
36.4
50.6
24.9
25.7

92.8
40.6
52.2
25.7
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
62.7
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

127.4 P 140. 1
55.7
P59.8
71.6 P80.2
29.0
29.5
42.6 P50.7

do
do

-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 r-31.2
53.0
55.0

863.5
117.5
746.0
685.8
60.2

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
63.6

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
64.4

996.6 1,019.0
149.3
145.1
869.7
851.5
818.7
801.5
51.0
50.0

81.21
.bil. $.
29.99
do
. do. . 14.15
15.84
do

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
7.31
3.40
3.91

22.79
8.44
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 * 27.83
11.43
11.14
9.38
5.84
5.54
4.85
5.59
5.60
4.54

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

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
.39
.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
.72
.43

.69
.48
.57
.44

.71
.56
.60
.47

.75
.50
.48
.39

.80
.60
.65
.41

16.30
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
21.40

3.83
3.20
.63
2.81
4.44

4.07
3.35
.71
2.62
4.42

4.29
3.60
.69
2.84
6.26

3.63
3.19
.44
2.72
4.65

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
5.40

4.82
4.04
.77
3.19
5.24

5.36
4.54
.82
3.53
5.83

4.52
3.99
.53

5.39
4.48
.91

2 7.90

28.83

do
do
do
do

81.61
30.12
14.06
16.06

80.75
29.19
13.76
15.43

83.18
30.35
14.61
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
17.88
17.63

97.76
36.58
18.64
17.94

100.90
38.81
19.73
19.08

do

61.50

61.56

52.82

66.70

56.75

56.70

58.30

60.68

61.18

62.09

63.12

64.44

65.49

2.59
2.11
2.21
1.53

2.77
1.75
2.72
1.62

2.82
1.95
2.49
1.79

2.76
2.05
2.20
1.73

3.10
2.26
2.03
1.78

3.14
2.32
2.44
1.57

Compensation of employees, total
Wages and salaries, total
Private
-Military
Government civilian
.
Supplements to wages and salaries
Proprietors' income total 9
Business and professional 9
Farm
Rental income of persons

141. 60
134.4

.

Corporate profits and inventory valuation
ment total
By broad industry groups:
Financial institutions
Nonflnancial corporations total
Manufacturing total
Nondurable goods industries
Durable goods industries

do _.
do
do
do
do

Transportation, communication, and public
utilities
bil $
All other industries*
do
Corporate profits before tax total
Corporate profits tax liability
Corporate profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Net interest

104.3

107.9

DISPOSITION OF PERSONAL INCOME
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income, total
Less; Personal tax and nontax payments
Equals: Disposable personal income
Less* Personal outlays©
Equals* Personal savingS

bil. $..
do
do
do
do

1,047.1 1,078.9 '1, 094.4
156.0
161.1 r 163. 0
917.8 ' 931. 4
891.1
840.1 850.8 ' 869. 8
67.1 »-61.5
51.1

NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
_
Manufacturing
Durable goods industries 1 . .
Nondurable goods industries 5
Nonmanufacturing

_ .. ..

Mining _.
Railroad
Air transportation
Other transportation
Public utilities
Electric
Gas and other
Communication
Commercial and other.

.

.

Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing
Durable goods industries 1
Nondurable goods industries J
Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation

do
do
do
do
do
do
do
do...
do . . .
..do

do
do
do. . .
do

2.08
1.88
2.28
1.40

2.23
1.72
1.68
1.48

14.91
15.87
Public utilities
do...
12.61
13.56
Electric
do
2.30
2.30
Gas and other
...do...
11.21
10.73
Communication
do . . .
17.72
17.85
Commercial and oth«r
do
' Revised.
v Preliminary.
1 Estimates (corrected for systematic biases) for Jan.Mar. and Apr.-June 1974 based on expected capital expenditures of business. Expected
expenditures for the year 1974 appear on p. 22 of the March 1974 SURVEY.
2 includes
communication.
9 Includes inventory valuation adjustment.
©Personal outlays comprise personal consumption expenditures, interest paid by consumers, and personal transfer
payments to foreigners.




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

14.54

16.69

103.74 i 107.18 i 109.96
44.47
42.74
40.61
22.18
20.48
22.12
22.29
20.13
20.62

is: os 18.58 19.80 21.00 21.20
18.38
17.53
15.74
17.01
16.60
16.92
17.80
16.72
17.84
16.00
15.55
15.40
14.62
14.67
14.32
13.01
14.27
3.40
3.08
3.16
2.52
2.58
2.98
2.86
2.74
2.38
2.27
2.65
1 ^ 94.
13.12
12.34
12.70
12.63
10.44
11.56
11.71 11.59
21.35 234.27 234.82
21.36
21.55
20.21
21.53
19.88
19.10
20.10
20.16
§ Personal saving is excess of disposable income over personal outlays.
lIData for individual durable and nondurable 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