Full text of The National Income and Product Account : First Quarter 1957

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y 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

April

May

June

July

1957

DecemAugust SeptemOctober November
ber
ber

January

February

March

April

May

GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates :f
National income,
total
_bil. of dol__

338.7

343.5

353. 0

do
do..
do
do _ _
do
do ~_

237 2
223.5
186 2

240 4
226 2
188 3
9 5
28 5
14.2

245 5
231. 1
192 9

Proprietors' and rental income, totalcf
do
Business and professionalcf
do_Farm
-.
do
Rental income of persons--do _Corporate profits and inventory valuation adjustment, total
___bil. of dolCorporate profits before tax, total
_do__
Corporate profits tax liability
-do Corporate profits after tax
do
Inventory valuation adjustment
do_-_
Net interest
__
do

49.9

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

Gross national product, total

50.7
29 5
11 6
9 7

51.7
29. 9
12 1
9. 7

51
30
11
9

5
1
7
7

40.4
41.2
20 8
20 4
12 0

43 4
46.7
23 6
23 1
—3. 3
12 4

—2.6
12 6

408.3

413.8

423 8

427 1

263 7
33.4
132 3
98.0

266
33
134
99

8
0
0
7

270
34
134
101

9
8
7
4

275
35
136
102

0
9
4
7

64 7
33.6
27 5

65
33
29
2

1
6
5
0

68
32
31
4

5
9
5
1

63
32
32
—1

3
5
0
2

9.5

28.9

11.3

9.7

39.8
42.9
21.7
21.3
-3.1
11.7

_.do

do
do
do
do

1.2

Personal income, total _
_
do__Less: Personal tax and nontax payments -.. do.
Equals: Disposable personal income
do
do

9.5

-.8

3.5

Net foreign investment - - _ . _
_, _do.-_
Govemment purchases of goods and services, total
bil ofdol
Federal (less Government sales)
do
National security 9
do.
Stato and local
-do

Personal saving § _ ._ .._

7
6
7
4
4
1

27 8
13.8

Personal consumption expenditures, total do
Durable goods
- do.
ISTondurable goods
do
Services - do
Gross private domestic investment, total
New construction
Producers' durable equipment
Change in business inventories

28 7
14. 4

248
233
194
9
29
15

4.0

2 4

1 7

78.7
46.1
40.7
32.6

80
47
41
33

322.9
284.9

38.1

327 0
38 8
288 2

333 2
39 9
293 3

336 5
41 0
295 4

21.2

21 4

22 4

20 4

82
48
43
33

2
2
9
0

84
49
45
35

0
3
2
7

9
8
0
0

PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates: f
Total personal income

bil. ofdol-,

321.7

322.8

324.9

324. 3

328.1

329.5

332.5

333.5

334.0

335.0

336.6

338.1

Wage and salary disbursements, total
do _ . _
Commodity-producing industries
_. _ do
Distributive industries _.
do
Service industries
do
Government
___
do-

222.9
96.8
59.1
29.8
37.2

223.2
96.8
59.1
30.0
37.3

225.2

224.0

227.1
98.3
60.3
30.6
37.9

228.5

229.7

231.0
101 1
60.6
31 1
38 2

232
102
60
31
38

232
101
61
31
38

233.7

234.5

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- -

7.2

7.2

97. 5
59.9
30.2
37.6

95.9
59.9
30.4
37.8

99. 1
60.5
30 8
38.1

100.6
60.2
30.9
38.0

9
3
9
3
4

7
2
5
3
7

101 9
61.5
31 4
38.9

102.0
62.0
31 5
39.0

T
r

339.3

340. 4

234 9
102 2
T
61.8
31 7

234
101
62
31
39

r

on o

7
6
1
7
3

49.7
29.1
18.6

50.1
29.4
18 7

7.3

7.3

50.5
29.7
18 6

7.3

7.4

7.4

60.0
29.6
18 6

51.0
29.8
18.8

50.9
30.0
18 7

52.3
30.2
18 9

51.7
30.3
19 1

7 4
51.2
29 2
19 3

7 5
51.3
30 6
19 6

51.5
30 7
19 9

51.6
30 9
20 3

7.5

7 5
'51.6
31 1
20 9

7 6
51.7
31
3
9
1 8

5.8

5.8

5.8

5.8

5.9

5.9

6.0

6.0

6.0

6.7

6.7

6.7

6.7

6.7

7.3

7.5

309.4
314.4
307.6
310.3
317.9
306.8
319.7
321. 3
322.7
324. 0
325. 1
312.8
316.3
318.8
Total nonagricultural income
do
'Revised.
jRevised 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.
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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