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

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* BUSINESS STATISTICS
JL 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 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

1956

January

February

March

April

May

June

1957

July

DecemOctober NovemAugust September
ber
ber

January

February

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

do
...do
_ do
do
do
do

Proprietors' and rental income, to talc?1
do
Business and professional^
do
Farm
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment, total _ _
bil. ofdol
Corporate profits before tax, total
do
Corporate profits tax liability
do_ -_
Corporate profits after tax
_ do
Inventory valuation adjustment
do
Net interest
do

334 9

338 7

343 5

233 0
219.4
182 5
9 6
27.3
13 6

237 2
223.5
186.2
95
27.8
13 8

240 4
226.2
188 3
95
28 5
14 2

245.5
231.1
192. &
95
28.7
14 4

49.5
28.2
11 5
9.8

49.9
28.9
11 3
9.7

50.7
29 5
11 6
97

61.7
29.9
12.1
9.7

40.9
43 7
22.1
21 6
-2.8
11 5

39.8
42.9
21.7
21.3
-3.1
11.7

40 4
41 2
20 8
20 4
-.8
12 0

-3.3
12 4

do

403 4

408.3

413 8

423 8

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

do
do
do
do

261.7
34 8
130 5
96 4

263.7
33 4
132.3
98 0

266 8
33 o
134 0
99 7

270.9
34 8
134. 7
101 4

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

do
do
do
do

63 1
32.6
26.4
4.1

64.7
33.6
27.5
3.5

65 1
33.6
29.5
2.0

68 5
32.9
31.6
4. 1

Gross national product, total

.-

Net foreign investment
do
Government purchases of goods and services, total
bil. of dol
Federal (less Government sales)
_ do
National security?
_ do
State and local
_
do

.1

1.2

1.7

2.4

78 5
46.4
40.5
32 1

78 7
46.1
40.7
32.6

80 2
47 2
41 9
33 0

82 0
48 3
43 2
33 7

Personal income, total
Less: Personal tax and nontax payments _Equals: Disposable personal income

do
do
do

317.5
37.3
280.2

322.9
38.1
284.9

327 0
38 8
288.2

333 2
39 9
293 3

Personal saving§ _

do

18.6

21.2

21 4

22 4

_

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
-

bil. ofdol-..
do
_do
do ._
do
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-

316.7

317.1

318.6

321.7

322.8

324.9

324.3

328.1

329.5

332.5

333.5

r

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

228 5
99.1
60 5
30 8
38 1

229.7
100.6
60 2
30 9
38 0

231 0
101 1
60 6
31 1
38 2

r
232
T

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

73
50.0
29.6
18 6

73
50.5
29.7
18.6

7.3
51.0
29.8
18.8

7 3
50.9
30.0
18 7

74
52.3
30.2
18 9

5.7

5.7

5.7

5.8

5.8

5.8

5.8

5.9

5.9

6.0

334.0

335.2

9
102 3
60 9
r 31 3
r 38 4

233 0
101 8
61 4
31 2
38 6

74
51.7
30.3
19 1

74
61.2
29.2
r
19 3

75
51.2
30.6
19 6

6.0

6.0

6.7

Total nonagricultural income
do
301.5
301.6
304.0
309.4
306.8
307.6
310.3
314.4
312.8
316.3
317.9 ' 318. 8
320.0
••Revised.
fRevised 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 1964
NATIONAL INCOME SUPPLEMENT or the 1955 edition of BUSINESS STATISTICS.
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.




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