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SURVEY OF CURRENT BUSINESS

8

July 1957
Table 1.—National Income by

[Millions of dollars]
1929

1
2

Supplements to wages and salaries
__ .
Employer contributions for social insurance
Other labor income

1934

1935

75, 729

59,708

42,547

40, 159

48,959

46,844

39, 740

31, 054

29,539

46, 187
41, 033
311
4,843

39, 119
33, 861
304
4,954

30, 477
25, 511
292
4,674

662
101
561

657
106
551

621
111
510

14,759

11,540

8,791
8,649
142
5,968

Income of unincorporated enterprises and inventory valuation
adjustment.
Business and professional
__
Income of unincorporated enterprises
Inventory valuation adjustment
Farm

__

Rental income of persons

16

Corporate profi ts and inventory valuation adj ustment
Corporate profits before tax
Corporate profits tax liability
Corporate profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment

_

Net interest

-- --

1937

1938

1939

57,057

64, 911

73, 618

67,581

72,753,

34,295

37, 340

42, 910

47, 934

44, 994

48, 108

28, 997
23, 855
267
4,875

33, 705
27, 629
268
5,808

36,690
30, 189
303
6,198

41,920
34,054
334
7,532

46, 107
38, 614
354
7,139

42, 976
34, 752
365
7,859

45, 941
37, 742
388
7,811

577
126
451

542
133
409

590
147
443

650
171
479

990
418
572

1,827
1,234
593

2,018
1,423
595

2,167
1,540
627

8,734

5,316

5,599

7,010

10, 387

10, 482

12, 691

11,128

11,610

7,410
6,655
755
4,130

5,581
4,970
611
3,153

3,384
3,089
295
1,932

3,166
3,691
-525
2,433

4,564
4,618
54
2,446

5,351
5,401
— 50
5,036

6,530
6,650
-120
3,952

7,073
7,102
-29
5,618

6,793
6,572
221
4,335

7,293
7,459
-166
4,317

4,778

3,761

2,713

1,971

1,694

1,661

1,776

2,081

2,560

2,742

6,582

1,634

-1,970

-1,992

1,091

2,918

5,002

6,204

4,263

5,689

9,628
1,369
8,259
5,813
2,446
472

-

1936

10, 100

--

15

23

1933

5,425

7
8
9

17
18
19
20
21
22

1932

50,423
45, 485
308
4,630

Compensation of employees
Wages and salaries
Private
Military
Government civilian

11
12
13
14

1931

51,085

Nations! income

3
4
5
6

10

1930

87,814

Line

3,322
842
2,480
5,490
-3,010
3,260

-780
498
-1,278
4,088
-5,366
2,414

—3,017
385
-3, 402
2,565
-5,967
1,047

151
521
-370
2,056
-2,426
-2, 143

1,716
744
972
2,587
-1,615
625

3,145
951
2,194
2,863
-669
227

5,740
1,409
4,331
4,548
-217
-738

6,235
1,502
4,733
4,685
48
-31

3,300
1,029
2,271
3,187
-916
963

6,403
1,441
4,962
3,788
1,174
-714

6,445

5,985

5,839

5,434

5,042

4,869

4,751

4,741

4,708

4,636

4,604

j

Table 2.—Gross National Product
[Millions of dollars]
1930

1931

1932

1933

1934

1935

1936

1937

1938

1939

104, 436

91, 105

76, 271

58, 466

55, 964

64, 975

72, 502

82, 743

90 780

85 227

91 095

78, 952

70, 968

61, 333

49, 306

46, 392

51, 894

56,289

62, 616

67, 259

64, 641

67, 578

9,212
37, 677
32 063

7,155
34, 010
29, 803

5,485
28,946
26, 902

3,646
22, 758
22,902

3,469
22, 251
20, 672

4,213
26, 656
21, 025

5,111
29, 319
21 859

6,304
32,836
23 476

6,925
35 185
25 149

5,686
33 985
24 970

6,670
35 131
25 777

16, 231

10, 265

5,523

913

1,391

2,888

6,277

8,404

11, 747

6,661

9 309

8,707
3,625
5,082

6,183
2, 075
4,108

3,968
1,565
2,403

1,431

1,709

1,084

2,299
1,010
1,289

3,281
1,565
1,716

4,403
1,875
2,528

3 960
1,990
1,970

4,757
2,680
2,077

Producers' durable equipment

5,850

4,465

2,839

1,593

1,589

2,304

3,066

4,169

5,095

3,644

4,180

Change in business inventories
Nonfarm
Farm

1 674
1,836
-162

—383
-83
-300

— 1 284
-1,608

—2 556
-2,590

1,125

34

—1,629
-1,370
-259

195
-1,320

912
376
536

954
2,066
-1,112

2 249
1,726

523

—943
— 1,046
103

372
316
56

771

690

197

169

150

429

54

-93

62

1,109

888

8,482

9, 182

9,218

8,078

8,031

9,764

9,990

11,816

11,712

12,816

13, 320

1,311

1,410

1,537

1,480

2,018

2,991

2,931

4,815

4,552

5,280

)
5, 286

1929

Line

1
2
3
4
5
6
7
8
9
10
11
12
13

Gross national product
Personal consumption expenditures

_.

Durable goods
Nondurable goods
Services
Gross private domestic investment
New construction
Residential nonfarm
Other

__

14

Net foreign investment

15

Government purchases of goods and services.

_ __

16
17
18
19
20
21

Federal
National security
National defense
Other national security
Other
_Less' Government sales

22

State and local




_

324

1,876

630

1,246

470
961

625

|

1, 344

-

_ __

1, 432

1, 549

1,484

2,022

2, 997

2, 935

4, 818

4, 557

33

__

22

12

4

4

6

4

3

5

6

7,171

7,772

7,681

6,598

6,013

6,773

7,059

7,001

7,160

7,536

5,157
1, 258

I

3, 908

9

8,163

SUEVEY OF CURRENT BUSINESS

July 1957
Distributive Shares, 1929-56

9

[Millions of dollars]
1952

1954

1950

1951

216, 193

239, 956

277, 041

290, 177

302, 129

298, 955

324,068

343, 620

1

140, 927

140,858

154,325

180, 420

195,095

208,069

206,849

223,072

241,372

2

122, 858
105, 512
4,067
13, 279

135, 172
116, 424
3,970
14, 778

134, 334
113, 873
4,248
16, 213

146, 526
124, 297
4,999
17, 230

170,881
142, 050
8,684
20, 147

184, 918
151, 987
10, 472
22, 459

197, 287
163, 466
10, 337
23, 484

195, 513
161, 183
9,951
24,379

210, 339
174, 446
9,778
26, 115

227, 237
189, 383
9,702
28, 152

3
4
5
6

5,861
3,970
1,891

5,899
3,565
2,334

5,755
3,042
2,713

6,524
3,503
3,021

7,799
3,976
3,823

9,539
4, 753
4,786

10, 177
4,861
5,316

10, 782
4,788
5,994

11, 336
5,122
6,214

12, 733
5,816
6,917

14, 135
6,616
7,519

7
8
9

30, 835

35, 265

34, 433

38, 389

34, 149

36, 140

40, 809

40, 852

39, 171

38,560

39, 191

39, 617

10

18, 040
18, 109
-69
11, 525

19,011
19, 117
-106
11, 824

21, 321
23, 026
-1,705
13, 944

19, 948
21, 419
-1,471
14, 485

21, 649
22, 061
-412
16, 740

21, 431
20, 963
468
12, 718

22, 855
23, 989
-1, 134
13, 285

24, 791
25, 135
-344
16, 018

25, 732
25, 519
213
15, 120

25, 908
26, 098
-190
13, 263

25, 876
25, 930
-54
12, 684

27, 339
27, 597
-258
11, 852

28, 017
28, 577
-560
11, 600

11
12
13
14

5,097

5,413

5,634

6,208

6,510

7,198

7,874

8,473

9,129

9,906

10, 152

10, 585

10,204

10,322

15

19, 678

23, 781

23, 033

18, 413

17, 288

23, 626

30, 619

28, 141

35, 106

39, 913

36, 903

36,042

33, 134

40, 724

40,449

16

16, 982
7,610
9,372
4,458
4,914
-2, 471

20, 882
11,415
9,467
4,289
5,178
-1,204

24, 554
14, 074
10, 480
4,484
5, 996
-773

23, 320
12, 949
10, 371
4,673
5,698
-287

18, 977
10, 689
8,288
4,691
3,597
-564

22, 551
9,111
13, 440
5,784
7,656
-5, 263

29, 525
11, 283
18, 242
6,521
11, 721
-5,899

32, 769
12, 510
20, 259
7,248
13,011
-2, 150

26, 198
10, 411
15, 787
7,458
8,329
1,943

39, 970
17, 829
22, 141
9,207
12, 934
-4, 864

41, 173
22, 476
18, 697
9,090
9,607
-1,260

35, 936
19, 788
16, 148
9,000
7,148
967

37, 039
20, 304
16, 735
9,310
7,425
-997

33, 452
17, 429
16, 023
9,874
6,149
-318

42, 473
21, 520
20, 953
11, 048
9,905
-1,749

43, 008
21, 959
21, 049
11,874
9,175
-2, 559

17
18
19
20
21
22

4,544

4,291

3, 658

3,342

3,185

3,119

3,842

4,508

5,171

5,912

6,770

7,421

8,695

9,827

10, 877

11,860

23

1955

1956

1948

1947

1945

1946

182, 639

181,248

179,577

197, 168

221, 641

109, 587

121,286

123, 181

117, 697

128, 757

82, 109
66, 123
6,168
9,818

105, 828
79, 197
14, 133
12,498

116, 823
83, 843
20, 033
12, 947

117, 577
82, 664
21, 819
13, 094

111,836
91, 241
7,818
12, 777

2,703
1,983
720

3,162
2,302
860

3,759
2,677
1,082

4,463
2,937
1,526

5,604
3,805
1,799

13,010

17, 401

23, 907

28, 187

29, 565

8,442
8, 487
-45
4,568

10, 897
11, 512
-615
6,504

13, 899
14, 266
-367
10, 008

16, 823
16, 979
-156
11, 364

2,885

3,465

4,547

9,120

14,511

9,320
2,834
6,486
4,043
2,443
-200
4,490

1943

1940

1941

1942

81, 634

104, 710

137,694

170,310

52, 129

64,789

85,271

49, 818
41, 395
563
7,860

62, 086
51, 894
1,866
8,326

2,311
1,624
687

1944

or Expenditure, 1929—56

1949

1953

1955

1956

Line

Millions of dollars]
1954

1952

1953

328, 232

345, 445

363, 218

361, 167

391, 692

414, 686

1

194, 026

208,342

218, 328

230,542

236, 557

254, 421

267, 160

2

23, 573
96, 879
60, 146

28, 608
100, 386
65, 032

27, 148
111,054
70, 140

26,641
116, 110
75, 577

29, 811
119,055
81, 676

29,354
120, 571
86,632

35, 649
125, 968
92,804

33, 948
133, 337
99, 875

3
4
5

41, 176

32,549

51,219

56, 864

49,808

50,325

48,381

60, 605

65, 923

6

14, 029
6,310
7,719

17, 904
8,580
9,324

17, 453
8,267
9,186

22, 733
12,600
10, 133

23, 332
10, 973
12, 359

23, 723
11,100
12, 623

25, 778
11, 930
13, 848

27, 806
13, 496
14, 310

32, 672
16, 595
16, 077

33, 276
15, 319
17, 957

7
8
9

10, 733

16, 667

19, 110

17, 833

21, 135

23, 177

23, 116

24, 293

22,490

23, 701

28,093

10

6,101
6,350
-249

-991
1,298
-2, 289

4,162
3,026
1,136

-2, 737
-1,862
-875

7,351
6,428
923

10, 355
8,951
1,404

2,969
2,105
864

254
871
-617

-1,915
-2, 409
494

4,232
3,961
271

4,554
5,024
-470

11
12
13

-1,438

4,586

8,942

1,956

534

-2, 201

227

-164

-2,017

-412

-420

1,376

14

96, 529

82, 867

30, 918

28, 608

36, 584

43, 620

42, 023

62, 799

77, 473

84,368

76, 641

77,086

80,227

15

81, 223
80, 384

89, 006
88, 615

74, 796
75, 923

20,934
21, 188

2,664
204

1,480
641

1,552
1,161

1,031
2,158

2,469
2,723

15, 776
13, 349
12, 254
1 095
3', 751
1,324

21, 019
15, 984
11, 578
4 406
5^570
535

25, 445
19,288
13, 570
5 718
6^570
413

22, 138
18, 511
14, 257
4 254
3J882
255

40, 995
37, 260
33,864
3,396
4^154
419

54, 260
48, 823
46, 408
2 415
5^792
355

59, 481
51, 475
49, 289
2 186
8i 423
417

48, 928
43,065
41, 189
1 876
6^242
379

46, 785
41, 269
39, 081
2, 188
5,' 934
418

47, 199
42, 405
40,356
2 049
5i 192
398

16
17
18
19
20
21

7,690

7,394

7,523

8, 071

9,984

12, 832

15, 565

18, 175

19, 885

21, 804

23, 213

24, 887

27, 713

30, 301

33, 028

22

1948

1949

1950

232, 228

257,325

257, 301

285,067

146,617

164, 973

177, 609

180, 598

8,105
73, 222
40, 372

15, 892
84, 501
46, 224

20, 593
93, 077
51, 303

22, 214
98. 741
56, 654

7,130

10, 430

27, 125

29, 705

2,712
815
1,897

3,833
1,100
2,733

10, 291
4,015
6,276

5,438

7,654

-1,020
-575
-445

-1,057
-595
-462

-2,099

88, 617

52, 027
49, 567

3,173
44

7,828

1943

1944

1945

159, 133

192,513

211,393

213, 558

209, 246

81, 875

89, 748

100, 541

109, 833

121, 699

7,771
37, 215
26, 895

9,659
43, 208
29, 008

6,968
51, 324
31, 456

6 605
59, 259
34, 677

6,764
65, 368
37, 701

13, 155

18,072

9,875

5,600

5,452
2,985
2,467

6,629
3,510
3,119

3,721
1,715
2,006

2,326
885
1,441

5,531

6,942

4,343

4,027

2,172
1,902
270

4,501
4,049
452

1,811
652
1,159

-753
-577
-176

1,509

1,124

-207

-2,245

14,073

24,751

59,717

6,170
2,223

16, 923
13, 794

3,956
9
7,903

1940

1941

1942

100, 618

125, 822

71, 881

1946

1947

1951

Line

.

430397°—57


SURVEY OF CURRENT BUSINESS

10

July 1957
Table 3.—Personal Income and

[Millions of dollars]
1929

1931

1932

1933

1934

1935

1936

1937

1938

1939

76, 881

65, 698

50, 115

47, 208

53, 575

60, 210

68, 480

73, 921

68, 554

72, 88^

50, 423

46, 187

39, 119

30, 477

33, 705

36,690
479
12, 048

46, 107

42, 976

12, 495

443
8,704

41, 920

16, 318

451
8,029

28, 997

20, 184

1 Personal income

1930

85, 763

Line

12 258

14 772

13 688

45,941
627
14 352

2
3
4

Wage and salary disbursementsOther labor income
Proprietors' and rental income

5
6
7

Dividends
_
Personal interest income
Transfer payments

_ .

5,813
7,428
1,496

5,490
6,949
1,533

4,088
6,923
2,714

2,565
6,575
2,170

2,056
6,212
2,116

2,587
6,099
2,194

2,863
5,892
2,400

4,548
5,842
3,520

4,685
5 912
2,418

3,187
5 828
2,834

3,788
5 809
2,963

8

Less' Personal contributions for social insurance

142

147

151

152

152

157

162

180

566

554

596

2,643
1,263
1,380

2,507
1,134
1,373

1,858

1,455

1,464

1,888

1, 124

474
990

1,595

1,251

1,000

1,061

2,258
1,130
1,128

2,921
1,723
1,198

2,862
1,635
1,227

2,440
1,235
1,205

83, 120

74, 374

63, 840

48, 660

45, 744

51, 980

58, 322

66, 222

71, 000

65, 692

70, 444

78, 952

70, 968

61, 333

49, 306

46, 392

51, 894

56,289

62, 616

67, 259

64, 641

67, 578

4,168

3,406

2,507

-646

-648

86

2,033

3,606

3,741

1.051

2,866

..

._

561

__ _

1

9
10
11

Less Personal tax and nontax payments
Federal
State and local

12

Equals; Disposable personal income

13

Less: Personal consumption expenditures

14

Equals: Personal saving..

_

._

_

551

510

607

331

409
7,570

595

827

572

593

595

Table 4.—Relation of Gross National Product,
[Millions of dollars]

1930

1931

1932

1933

1934

1935

1936

1937

1938

1939

104 436

91 105

76, 271

58, 466

55, 964

64, 975

72, 502

82, 743

90 780

85 227

91 095

8,617
7,698
413
506

8,541
7,737
389
415

8,166
7,552
351
263

7,615
7,038
329
248

7,161
6,661
275
225

7,112
6,598
237
277

7,235
6,665
236
334

7,496
6,700
381
415

7,746
6,910
304
532

7,783
6 939
387
457

7,838
7, 121
222
495

95 819

82 564

68 105

50, 851

48, 803

57, 863

65, 267

75, 247

83 034

77 444

83 257

1929

Line

1 Gross national product
2
3
4
5

Less: Capital consumption allowances
_
Depreciation charges _
_ _
Accidental damage to fixed capital
Capital outlays charged to current expense _ _ _

6

Equals: Net national product

7

Plus: Subsidies minus current surplus of Government enterprises

-147

-123

-49

-45

18

283

403

39

60

176

485

8
9
10

Less: Indirect business tax and nontax liability _ _
Business transfer payments
Statistical discrepancy

7,003
587
268

7,155
534
—977

6,859
649
840

6,768
737
754

7,055
659
948

7,815
641
731

8,190
594
— 171

8,663
594
1,118

9,157
567
—248

9,154
429
456

9,365
451
1,173

11

Equals: National income

87, 814

75, 729

59, 708

42, 547

40, 159

48, 959

57, 057

64, 911

73, 618

67,581

72, 753

12
13
14
15
16

Less' Undistributed corporate profits
Corporate profits tax liability _.
.
Corporate inventory valuation adjustment
Contributions for social insurance
Excess of wage accruals over disbursements

2 446
1,369
472
243
0

—3 010
842
3,260
253
0

—5 366
498
2,414
262
0

—5 967
385
1,047
278
0

2 426
521
-2, 143
285
0

1 615
744
-625
304
0

— 669
951
-227
333
0

217
1,409
-738
598
0

48
1,502
-31
1,800
0

—916
1,029
963
1,977
0

1 174
1,441
—714
2,136
0

17
18
19

Plus: Net interest paid by Government
Government transfer payments .
Business transfer payments

983
909
587

964
999
534

1,084
2,065
649

1,141
1,433
737

1,170
1,457
659

1,230
1,553
641

1,141
1,806
594

1,101
2,926
594

1,204
1,851
567

1,192
2,405
429

1,205
2,512
451

85, 763

76, 881

65, 698

50, 115

47, 208

53, 575

60, 210

68,480

73,921

68, 554

72,884

20




__ -

-

11

SURVEY OF CURRENT BUSINESS

July 1957
Disposition of Income, 1929-56

[Millions of dollars]
1949

1950

1951

1952

208, 743

206,818

227,050

255,340

271,775

286, 006

287, 417

305, 942

326, 885

1

122, 843
2,334
40, 943

135, 142
2,713
45, 587

134, 379
3,021
42, 023

146, 526
3,823
44, 613

170, 776
4,786
49, 938

184, 947
5,316
50, 758

197, 363
5,994
49, 323

195, 513
6,214
49, 145

210, 339
6,917
49, 395

227, 237
7,519
49, 939

2
3
4

5,784
7,576
11,411

6,521
8,212
11, 787

7,248
8,950
11, 281

7, 458
9,768
12, 403

9,207
10, 628
15, 147

9,090
11, 592
12, 575

9,000
12, 297
13, 210

9,310
13, 700
14, 256

9, 874
15,021
16, 223

11,048
16, 086
17, 354

11, 874
17, 599
18, 453

5
6
7

2,333

2,011

2,118

2,178

2,234

2,894

3,417

3,753

3,940

4,573

5,197

5,736

8

18, 935
17, 536
1,399

20, 867
19, 379
1,488

18, 808
17, 162
1,646

21, 506
19, 650
1,856

21, 142
18, 997
2,145

18, 661
16, 194
2,467

20, 920
18, 179
2,741

29, 271
26, 278
2,993

34, 401
31, 165
3,236

35, 771
32, 359
3,412

32, 954
29, 155
3,799

35, 753
31, 521
4,232

39, 683
35, 110
4,573

9
10
11

133, 547

146, 761

150,355

159, 182

169, 016

187, 601

188, 157

206, 130

226,069

237,374

250, 235

254,463

270, 189

287, 202

12

89, 748

100, 541

109, 833

121, 699

146, 617

164, 973

177, 609

180, 598

194,026

208, 342

218,328

230, 542

236, 557

254, 421

267, 160

13

27,768

33, 006

36, 928

28, 656

12,565

4,043

9,992

7,559

12, 104

17, 727

19, 046

19,693

17, 906

15, 768

20,042

14

1950

1951

1952

1953

1954

1955

1956

1945

1946

1947

1948

1943

1944

123,497

151,392

165,696

171, 222

177, 990

190, 522

62, 086
720
20, 866

82, 109
860
28, 454

105, 619
1,082
33, 284

117,016
1,526
34, 978

117, 563
1,799
36, 469

111, 866
1,89]
41, 473

4,043
5,781
3,114

4,458
5,833
3,113

4,289
5,808
3,143

4,484
5,798
2,964

4,673
6,151
3,588

4,691
6,868
6,165

658

801

1,166

1,839

2,236

2,604
1,364
1,240

3,293
2,016
1,277

5,981
4,668
1,313

17, 845
16, 517
1,328

76,076

92,982

117,516

71,881

81,875

4,195

11, 107

1940

1941

1942

78, 680

96,275

49, 818
687
15, 895

1953

1954

1955

1956

Line

National Income, and Personal Income, 1929—56
[Millions of dollars
1940

1941

1942

1943

1944

100, 618

125,822

8,148
7,316
246
586

1945

1946

159, 133

192,513

211,393

213, 558

209, 246

9,041
8,078
273
690

10, 155
9,162
484
509

10, 866
9,854
399
613

12, 007
10, 793
360
854

12, 549
11, 246
381
922

92, 470

116, 781

148, 978

181, 647

199, 386

420

102

150

183

10, 021
431
804

11, 296
502
375

11, 769
495
-830

81, 634

104,710

2,443
2,834
-200
2,282
0

1948

1949

232, 228

257, 325

257,301

285, 067

328,232

345, 445

363,218

361, 167

391, 692

414, 686

1

11, 666
10, 013
407
1,246

14, 118
12, 150
567
1,401

16, 494
14, 290
574
1,630

18, 431
16, 380
518
1,533

20, 516
18, 042
616
1,858

23, 469
20, 344
909
2,216

23, 890
21, 002
684
2,204

26, 486
23, 266
813
2,407

28, 923
25, 591
917
2,415

31, 611
28, 110
1,055
2,446

34, 266
30, 588
746
2,932

2
3
4
5

201, 009

197, 580

218, 110

240,831

238, 870

264,551

304, 763

321, 555

336, 732

332, 244

360, 081

380, 420

6

652

760

835

-227

-138

-423

-232

233

1,102

7

12, 735
505
-1,720

14, 127
506
2,766

15, 522
532
4,467

17, 349
557
932

18, 658
674
1,383

137, 694

170, 310

182, 639

181,248

179,577

4,914
7,610
-2, 471
2,784
0

5,178
11,415
-1,204
3,468
0

5,996
14, 074
-773
4,516
209

5,698
12, 949
-287
5,173
-193

3,597
10, 689
-564
6,138
14

1,291
2,683
431

1,289
2,611
502

1,517
2,648
495

2,140
2,459
505

2,809
3,082
506

78, 680

96, 275

123, 497

151,392

165, 696




1947

Line

-171

-181

204

187

20, 390
739
-2, 110

21, 644
781
71

23, 741
843
215

25, 637
985
1,287

28, 106
1,169
1,965

30, 223
1,369
2,588

30, 133
1,262
1,662

32, 862
1,303
2,081

35, 000
1,303
1,599

8
9
10

197, 168

221, 641

216, 193

239, 956

277, 041

290, 177

302, 129

298, 955

324, 068

343, 620

11

7,656
9,111
-5, 263
5,981
-30

11,721
11, 283
-5, 899
5,683
15

13,011
12, 510
-2, 150
5,220
30

8,329
10,411
1,943
5,737
-45

12, 934
17, 829
-4, 864
6,870
0

9,607
22, 476
-1,260
8,170
105

7,148
19, 788
967
8,614
-29

7,425
20, 304
-997
8,728
-76

6,149
17, 429
-318
9,695
0

9,905
21, 520
-1,749
11,013
0

9,175
21, 959
-2, 559
12, 352
0

12
13
14
15
16

3,683
5,633
532

4,457
10, 854
557

4,370
11, 113
674

4,442
10,542
739

4,597
11, 622
781

4,716
14, 304
843

4,822
11, 590
985

4,876
12, 041
1,169

5,005
12, 887
1,369

5,194
14, 961
1,262

5,209
16, 051
1,303

5,739
17, 150
1,303

17
18
19

171, 222

177, 990

190,522

208, 743

206, 818

227, 050

255, 340

271, 775

286,006

287, 417

305, 942

326,885

20

SURVEY OF CURRENT BUSINESS

26

July 1957
Table 42.—National Income by

[Billions of dollars]
1952

Line
I
t

National income _

III

Year

IV

I

II

III

Year

IV

69.6

12
13
14
15
16

Corporate profits and inventory valuation adjustment
Corporate profits before tax. _
Corporate profits tax liabilitv
Corporate profits after tax..
..
Inventory valuation adjustment

17

Net interest

18

75.9

290.2

74.8

76 5

76.0

74 8

302 1

47.7
45 1
36.9
2 6
5 6
2.6

49.0
46 4
38.4
2 7
5 4
2.5

51.6
49 1
40.5
2 6
6 0
2.4

195.1
184 9
152.0
10 5
22 5
10.2

50.7
47 9
39.4
2 6
59
2 8

52.0
49 1
40 7
2 6
59
2 8

52.6
49 9
41.7
2 6
56
2 7

52
50
41
2
6
2

8
3
6
6
1
5

208.1
197 3
163 5
10 3
23 5
10 8

12.7
6.4
3.8
2 5

13.2
6.4
4.2
2. 5

12.5
6.6
3.4
2 5

50.8
25.7
15.1
9 9

12.5
6.6
34
2 5

12.3
6.5
33
2 5

12.2
6.4
3 2
2 5

12 3
6.4
33
2 6

49 3
25.9
13 3
10 2

8.6
8.5
4.7

Proprietors' and rental income *
Business and professional
Farm
Rental income of persons

73.3

2 5
56
2.6

-_. _

71.3

46.9
44.3
36.2

12.4
6.3
3.7
2.4

__
2 Compensation of employees
Wages and salaries
3
4
Private - _ .
Military
5
Government civilian
6
Supplements to wages and salaries
1
18
9
.10
11

II

1953

9.1
8.6
4.7
3.9
.6

9.3
9.2
5.1
4.1
.1

9.9
9.6
5.3
4.3
.3

36.9
35.9
19.8
16.1
1.0

9 6
9.7
53
4.4
- .2

10 0
10.4
57
4.7
— 3

9 0
9.7
5.3
4.4
—.7

7 4
7.3
4 0
3.3
2

36 0
37.0
20 3
16.7
10

Addendum : Compensation of general government employees

__

o o

.0

-

1.8

1.8

1.9

1.9

7.4

2.0

2.1

2.2

2.3

8.7

7.6

7.7

7.6

8.0

31.0

8.0

8.0

7.6

8.1

31.7

1. Includes noncorporate inventory valuation adjustment.
Table 43.—^National Income by Distributive Shares, Seasonally
[Billions of dollars]
1952

1953

Line
I

1

8
9
10
11

Proprietors' and rental income
Business and professional
Farm
Rental income of persons

12
13
14
15
18

Corporate profits and inventory valuation adjustment
Corporate profits before t a x __.
_ _ _
Corporate profits tax liability
Corporate profits after tax—
Inventory valuation adjustment

17

Net interest

18

Addendum : Compensation of general government emplovees

.

_.

_

_
_ __

290 8

299.6

290.2

191.8
181 8
149.0
10 6
22.3
10. 1

J95.6
185 4
152.0
10 7
22.7
10.2

202.6
192 2
158. 7
10 5
23.0
10. 5

195.1
184 9
152.0
10. 5
22.5
10.2

50.8
25.7
15.2
9 8

52.6
25. S
16.9
10 0

50.2
26.4
13.7
10.1

37.8
37.7
20.7
16.9
.1

_ _ _ _ _ _

285 6

190.1
180 1
148. 1
10 2
21.9
10.0

1

IV

49.5
25.1
14.7
9 7

Compensation of employees _
Wages and salaries
4
Private -5
Military
Government civilian.
6
7
Supplements to wages and salaries

III

284.6

National income

2
3

II

35.6
33.6
18.5
15.1
2.1

35.1
34.6
19.0
15.5
.5

39.1
38.0
20.9
17.1
1.1

__

Year

I

II

III

IV

303. 0

305.8

304.1

295 7

302.1

205.8
195 1
161. 5
10 3
23.4
10. 7

209.3
198 4
164. 5
10 4
23. 5
10.9

209.7
198 9
165.0
10 4
23.5
10.8

207.6
196 8
162 9
10 3
23.6
10 8

208.1
197 3
163. 5
10 3
23.5
10.8

50.8
25.7
15.1
9.9

50.0
26.3
13.6
10.1

49,4
26.1
13.2
10 1

48.9
25.8
13.0
10.1

49.1
25.5
13.3
10 2

49.3
25. 9
13.3
10.2

36.9
35.9
19.8
16.1
1.0

39.1
39.5
21.7
17.9
—.5

38.7
40.2
22.0
18.2
— 1.5

36.6
38.8
21.3
17.5
-2.2

29.8
29.7
16.3
13.4
.2

36.0
37.0
20.3
16.7
— 1.0

Year

7.2

7.3

7.5

7.6

7.4

8.2

8.5

8.9

9.2

8.7

30.1

30.9

31.4

31.5

31.0

31.6

31.9

31.7

31.6

31.7

1. Includes noncorporate inventory valuation adjustment.
Table 44.—Gross National Product
[Billions of dollars!
1953

1952

Line
I
1

Gross national product

2 Personal consumption expenditures
3
Durable goods
4
Nondurable goods
5
Services
.
6
7
8
9
10
11
12

Gross private domestic investment
New construction
Residential nonfarm
Other
_ .
Producers' durable equipment
Change in business inventories— total
Nonfarm only

13

__ _ _ _ _

III

IV

Year

I

II

III

IV

Year

__

__

_

__

82.7

_ _ _ _

14 Government purchases of goods and services
15
Federal
_
16
National security
National defense
._
17
Other national security
18
19
Other
20
Less Government sales
21
State and local

_

.

84.4

85.5

92.8

345.4

88.3

91.3

90.7

92.9

363.2

50.5
5.6

Net foreign investment




II

26.4
18.5

53.9
6.8
28.3
18.8

53.2
6.1
28.3
18.8

60.7
8.2
33.1
19.4

218.3
26.6
116. 1
75.6

54.3
6.7
27.6
20.0

57.5
7.7
29 4
20.4

56.9
7.4
29.0
20.5

61.8
7.9
33 2
20.7

230.5
29.8
119. 1
81.7

13.8
5.0
2.2
2.9
5.9
29
2.6

11.0
5.9
2.8
3.2
6.4
—1 3
-1.6

12.8
6.5
3.1
3.4
5.3
10
.8

12.1
6.2
3.0
3.2
5.6
.3
.2

49.8
23.7
11.1
12.6
23.1
30
2.1

14.1
5.4
2.4
3.0
5.9
28
2.9

12.9
6.6
3.1
3.5
6.4
1
.1

13.4
7.1
3.3
3.8
6.1
1
.3

3.9
6.6
3.1
3.6
5.8
—2 5
-2.5

50.3
25.8
11.9
13.8
24.3
3
.9

.6

__
_

_

.1

-.6

-.2

-.2

-.6

-.6

-.7

-.1

-2.0

17.7
12.4
11.3
10.7
.6
1.2
.1
5.3

19.4
13.6
12.3
11.7
.7
1.4
.1
5.9

20.1
14.2
12.5
11.8
.7
1.8
.1
5.9

20.2
14.1
12.7
12.2
.5
1.5
.1
6.1

77.5
54.3
48.8
46.4
2.4
5.8
.4
23.2

20.5
14.7
13.0
12.4
.6
1.9
.1
5.7

21.5
15.3
13.3
12.7
.6
2,1
.1
6.2

21.2
14.8
12.8
12.3
.5
2.1
.1
6.4

21.3
14.7
12.4
11.8
.5
2.4
.1
6.6

84.4
59.5
51.5
49.3
2.2
8.4
.4
24.9

SUKVEY OF CUEKENT BUSINESS

July 1957

27

Distributive Shares, Quarterly, 1952-56
[Billions of dollars]

II

I

II

I

Year

IV

III

1956

1955

1954

Year

IV

III

I

Line
Year

IV

III

II

73.1

74.5

74.9

76.6

299.0

76.7

80.8

82.2

84.4

324.1

82.8

85.4

86.6

88.9

343.6

1

50.5
47.6
39.0
2.5
6.1
3.0

51.2
48.3
39.7
2.5
6.1
2.9

51.9
49.1
40.9
2.5
5.8
2.8

53.2
50.5
41.6
2.5
6.5
2.6

206.8
195.5
161.2
10.0
24.4
11.3

52.6
49.4
40.5
2.4
6.4
3.2

55.1
51.9
42.8
2.5
6.6
3.3

56.9
53.7
45.1
2.4
6.1
3.2

58.5
55.5
46.1
2.4
6.9
3.0

223.1
210.3
174.4
9.8
26.1
12.7

57.6
54.0
44.7
2.4
6.9
3. 6

59.7
56.1
46.7
2.4
7.0
3.7

61.3
57.8
48.4
2.4
6.9
3.5

62.7
59.4
49.6
2.4
7.4
3.3

241.4
227.2
189.4
9.7
28.2
14.1

2
3
4
5
6
7

12.3
6.3
3.4
2.6

12.1
6.4
3.0
2.7

12.4
6.5
3.3
2.7

12.3
6.6
3.0
2.6

49.1
25.9
12.7
10.6

12.2
6.7
2.9
2.6

12.4
6.8
3.0
2.6

12.4
6.9
3.0
2.5

12.4
6.9
2.9
2.5

49.4
27.3
11.9
10.2

12.3
6.9
2.9
2.6

12.4
7.0
2.9
2.6

12.5
7.0
2.9
2.6

12.7
7.1
3.0
2.6

49.9
28.0
11.6
10.3

8
9
10
11

7.9
8.0
4.2
3.8
-.1

8.7
8.7
4.5
4.2
.0

8.0
8.2
4.3
3.9
-.2

8.5
8.6
4.5
4.1
.0

33.1
33.5
17.4
16.0

9.4
9.7
4.9
4.8
-.4

10.6
10.7
5.4
5.3
-.2

10.1
10.8
5.5
5.3
-.6

10.6
11.2
5.7
5.5
-.6

40.7
42.5
21.5
21.0
-1.7

10.0
10.7
5.5
5.3
-.8

10.3
11.0
5.6
5.4
-.7

9.8
10.1
5.2
5.0
-.4

10.4
11.1
5.7
5.4
-.7

40.4
43.0
22.0
21.0
-2.6

12
13
14
IS
16

2.4

2.4

2.5

2.6

9.8

2.6

2.7

2.8

2.8

10.9

2.9

2.9

3.0

3.1

11.9

17

8.0

8.1

8.1

8.8

33.9

8.8

8.9

9.4

36.1

18

8.4

7.7

0

32.2

8.6

8.4

8.9

Adjusted Quarterly Totals at Annual Rates, 1952-56
[Billions of dollars]
1954

1955

1956

Line
I

II

III

Year

IV

I

II

III

Year

IV

II

I

III

Year

IV

296.5

297.0

298.2

304.0

299.0

311.4

321.5

328.3

334.9

324.1

335.8

340.6

344.5

353.3

343.6

1

205.7
194.6
160.7
10.1
23.8
11.2

205.7
194.5
160.3
10.0
24.2
11.2

206.0
194.7
160.2
9.9
24.6
11.3

209.7
198.1
163.3
9.8
24.9
11.6

206.8
195.5
161.2
10.0
24.4
11.3

214.0
201.8
166.9
9.7
25.3
12.2

221.3
208.8
172.8
10.0
26.1
12.5

226.1
213.0
176.9
9.8
26.4
13.0

230.8
217.5
181.1
9.7
26.8
13.2

223.1
210.3
174.4
9.8
26.1
12.7

234.5
220.9
183.9
9.7
27.3
13.7

240.0
226.1
188.4
9.7
27.9
13.9

242.7
228.3
190.1
9.7
28.5
14.4

247.9
233.3
194.7
9.7
28.9
14.6

241.4
227.2
189.4
9.7
28.2
14.1

2
3
4
5
6
7

49.3
25.3
13.5
10.5

48.4
25.8
12.0
10.6

49.8
26.0
13.1
10.6

49.1
26.4
12.2
10.6

49.1
25.9
12.7
10.6

48.7
26.7
11.7
10.4

49.6
27.3
12.1
10.2

49.6
27.6
11.9
10.1

49.6
27.8
11.7
10.1

49.4
27.3
11.9
10.2

49.3
27.7
11.4
10.2

49.7
28.0
11.5
10.3

50.0
28.2
11.5
10.4

50.7
28.3
12.0
10.4

49.9
28.0
11.6
10.3

8
9
10
11

32.0
32.2
16.8
15.4
-.2

33.2
33.4
17.4
16.0
-.2

32.4
32.7
17.0
15.7
-.3

35.0
35.5
18.5
17.0
-.5

33.1
33.5
17.4
16.0
-.3

38.2
39.4
20.0
19.5
-1.2

39.9
40.7
20.6
20.1
-.9

41.6
43.6
22.1
21.5
-2.0

43.2
46.1
23.4
22.7
-2.9

40.7
42.5
21.5
21.0
-1.7

40.5
43.3
22.1
21.2
-2.8

39.1
42.4
21.6
20.7
-3.2

39.8
40.8
20.8
19.9
-1.0

42.4
45.6
23.3
22.3
-3.2

40.4
43.0
22.0
21.0
-2.6

12
13
14
15
16

9.5

9.6

9.9

10.2

9.8

10.5

10.7

11.0

11.3

10.9

11.5

11.7

12.0

12.3

11.9

17

31.7

32.1

32.5

32.7

32.2

32.9

33.8

34.4

34.5

33.9

35.0

35.8

36.6

36.9

36.1

18

or Expenditure, Quarterly, 1952-56
[Billions of dollars]
1954

1955

1956

Line
I

III

II

Year

IV

I

II

III

Year

IV

I

II

III

Year

IV

87.2

88.9

89.4

95.6

361.2

92.4

96.7

98.4

104.2

391.7

98.9

102.2

103.4

110.2

414.7

1

55.1
6.4
27.4
21.3

58.7
7.5
29.6
21.6

58.0
6.9
29.5
21.6

64.7
8.6
34.1
22.1

236.6
29.4
120.6
86.6

58.9
7.9
28.2
22.8

63.1
9.2
30.7
23.2

63.0
8.8
31.0
23.1

69.5
9.8
36.0
23.7

254. 4
35.6
126.0
92.8

62.8
7.8
30.4
24.6

65.9
8.5
32.4
25.0

65.6
7.9
32.8
24.9

72.9
9.8
37.8
25.4

267.2
33.9
133.3
99.9

2
3
4
5

12.7
5.6
2.4
3.2
5.6
1.5
1.4

11.2
6.8
3.3
3.5
6.1
-1.7
-1.9

12.8
7.8
3.9
3.9
5.5
-.6
-.7

11.8
7.6
3.9
3.7
5.3
-1.1
-1.3

48.4
27.8
13.5
14.3
22.5
-1.9
-2.4

15.0
6.8
3.4
3.4
5.2
3.0
2.9

14.5
8.2
4.3
3.9
6.1
.2
.1

16.3
9.2
4.7
4.4
6.1
1.0
1.0

14.8
8.5
4.2
4.3
6.3
.0
.0

60.6
32.7
16.6
16.1
23.7
4.2
4.0

17.3
7.1
3.2
3.9
6.4
3.8
3.8

16.1
8.4
4.0
4.5
7.3
.4
.5

17.1
9.2
4.3
4.9
7.1
.8
1.0

15.4
8.6
3.9
4.7
7.3
-.4
-.3

65.9
33.3
15.3
18.0
28.1
4.6
5.0

6
7
8
9
10
11
12

-.3

.0

-.5

.4

-.4

-.1

-.2

-.3

.2

-.4

-.1

.3

.1

1.0

1.4

13

19.7
13.5
11.7
11.2
.5
2.0
.1
6.2

19.0
12.1
10.8
10.4
.4
1.3
.1
7.0

19.1
11.9
10.5
10.1
.5
1.5
.1
7.2

18.7
11.4
10.0
9.5
.6
1.5
.1
7.3

76.6
48.9
43.1
41.2
1.9
6.2
.4
27.7

18.7
11.7
10.4
9.8
.7
1.4
.1
6.9

19.3
11.6
10.3
9.8
.6
1.4
.1
7.7

19.4
11.7
10.3
9.9
.5
1.5
.1
7.7

19.7
11.8
10.2
9.7
.5
1.7
.1
7.9

77.1
46.8
41.3
39.1
2.2
5.9
.4
30.3

18.9
11.6
10.3
9.8
.5
1.4
.1
7.4

19.9
11.6
10.4
9.9
.5
1.3
.1
8.3

20.6
11.8
10.7
10.2
.5
1.2
.1
8.8

20.8
12.2
11.0
10.5
.5
1.3
.1
8.5

80.2
47.2
42.4
40.4
2.0
5.2
.4
33.0

14
15
16
17
18
19
20
21




28

SURVEY OF CURRENT BUSINESS

Juiy

1957

Table 45.—Gross National Product or Expenditure, Seasonally
[Billions of dollars]

1952

1953

Line
I

II

III

IV

345.4

361.6

367.4

366.3

357.5

363.2

218.3
26.6
116 1
75 6

228.6
30.2
118 9
79 5

231.4
30.6
119 8
81 0

232.0
30.5
118 9
82 6

230.2
28.0
118 6
83 6

230
29
119
81

49.8
23.7
11.1
12.6
23.1
3.0
2.1

51.5
25.2
11.7
13.5
24.3
2.0
2.5

53.5
26.2
32.2
14.0
24.2
3.1
4.0

51.8
25.8
12.1
13 8
24.9
1. 1
1.8

44.5
25.9
11 7
14 1
23.8
—5 2
—4.9

50
25
11
13
24

-1.6

—.2

-2.1

-3.0

—1.4

—1.7

—2 0

80.5
56.5
50.8
48.9
1.9
6.0
.3
24.0

77.5
54.3
48.8
46.4
2.4
5.8
.4
23.2

83.6
59.0
51.8
49.6
2.2
7.6
.5
24.6

85.5
61.2
53.3
50.9
2.4
8.3
.4
24.3

83.8
59 1
51.3
49.3
2.0
8.2
.4
24.7

84.5
58 6
49.4
47.3
2.2
9.5
.3
25.9

84 4
59 5
51 5
49 3
2 2
8 4
.4
24 9

I
1

Personal consumption expenditures
Durable goods. _ __
__
Nondurable goods
Services

__

__

6
7
8
9
10
11
12

Gross private domestic investment
New construction _ _
_
Residential nonfarm
Other
Producers' durable equipment _
Change in business inventories— total
Nonfarm only
_ __

13

Government purchases of goods and services
Federal
National security
National defense
Other national security
Other
Less: Government sales
State and local

_ _

338.4

340.1

345.2

358.1

216.5
26.8
115 0
74.7

218.3
25.2
116 9
76.2

225.1
29.0
118 3
77.9

49.9
23.3
10.5
12.8
23.8
2.7
1.6

46.0
23.7
10.9
12.7
24.3
— 1.9
—2.9

49.2
23.7
11.3
12.4
21.8
3.7
2.9

54.1
24.2
11.6
12.6
22.6
7.4
6.8

.2

—2.1

72,2
49.5
45.2
43.0
2.2
4.7
.4
22.7

77.4
54.3
49.3
46.6
2.7
5.4
.4
23.1

79.8
56. 7
49.9
47.1
2.8
7.0
.3
23.1

Net foreign investment

14
15
16
17
18
19
20
21

__

IV

2.9

__ _

III

213.4
25.6
114 2
73.5

Gross national product .

2
3
4
5

II

__

__

__ .

_

-

- _

.
_

_

Year

Year

5
8
1
7

3
8
9
8
3
3
.9

Table 46.—Disposition of Personal
[Billions of dollars]

1952

1953

Line

I
1 Personal income
2
3
4

Less: Personal tax and nontax payments,
Federal
State and local
._

5

IV

71.6

Year

I

III

II

IV

Year

._

_ _

Equals: Personal saving

68.5

69.5

71.4

71.8

73.4

286 0

7.3
6.4
.8

8.0
7.3
.8

6.9
6.2
.7

34.4
31.2
3.2

12.6
11.7
.9

7.3
6.3
1.0

8.7
7.9
.8

7.2
6.5
.8

35 8
32 4
3 4

59.5

60.5

64.7

237.4

56.9

64.1

63.1

66 1

250 2

53.9

53.2

60.7

218.3

54.3

57.5

56.9

61.8

230 5

2.2

. _.

66.7

50.5

_

12.2
11.2
.9
52.7

_

Less* Personal consumption expenditures

7

III

64.9

Equals' Disposable personal income

6

II

5.6

7.3

4.0

19.0

2.6

6.6

6.2

4.3

19 7

_

271.8

Table 47.—Disposition of Personal Income, Seasonally
[Billions of dollars]

1952

1953

Line
1

5

Less: Personal consumption expenditures

7

268.2

274.8

279.3

34.1
30.8
3.2

34.5
31.3
3.3

35.0
31.7
3.3

I

II

III

IV

271.8

283.4

286.9

287.7

286.8

286 0

34.4
31.2
3.2

35.5
32.1
3.4

35.9
32.5
3.4

36.0
32.5
3.4

35.8
32.3
3.5

35 8
32 4
3 4

Year

Year

230.6
_

_

240.3

244.3

237.4

247.9

251.0

251.7

251.0

250 2

216.5

218.3

225.1

218.3

228.6

231.4

232.0

230.2

230 5

17.2

Equals' Personal saving

_

234.2

213.4

"Equals' T>i«?pnsa,hlp, parson al innornfi

6

IV

34.0
30.8
3.2

Less* Personal tax and nontax payments
Federal _ _ _
_ _
State and local
-- -_

III

264.5

1 Personal income
2
3
4

II

17.7

21.9

19.1

19.0

19.3

19.6

19.7

20 8

19 7

Table 48.—Relation of Gross National Product, National
[Billions of dollars]

1952

1953

T,ine
I
1 Gross national product

Less' Capital consumption allowances
Indirect business tax and nontax liability
Business transfer payments
Statistical discrepancy
--

6

Plus: Subsidies less current surplus of government enterprises

7

Equals: National income

III

IV

Year

I

II

III

IV

Year

82.7

__

2
3
4
5

II

__ __

84.4

85.5

92.8

345.4

88.3

91.3

90.7

92.9

363.2

5.7
6.6
.3
.4

5.9
7.0
.3
.0

6.0
7.1
.3
-1.4

6.2
7.4
.3
2.9

23.9
28.1
1.2
2.0

6.4
7.2
.3
-.5

6.5
7.6
.3
.3

6.7
7.7
.3
-.1

6.9
7 8
.4
2.9

26 5
30 2
14
2.6

.0

.0

69.6

71.3

-.1

-.1

-.1

-.1

-.1

—.1

-.2

-.4

73.3

75.9

290.2

74.8

76.5

76.0

74.8

302.1

8
g
10

Less' Corporate profits and inventory valuation adjustment
Contributions for social insurance
E xcess of wage accruals over disbursements

8.6
2.5
.0

9.1
2.2
.0

9.3
2.1
-.1

9.9
1.9
.0

36.9
8.6
.0

9.6
2.6
.0

10.0
2.4
.0

9.0
2.1
.0

7.4
1.7
.0

36.0
8 7
— 1

11
12
13
14

Plus: Government transfer payments
Net interest paid by government
Dividends
B usiness transfer payments

2.9
1.0
2. 1
.3

2.9
1.4
2.1
.3

3.1
1.1
2.1
.3

3.1
1.4
2.7
.3

12.0
4.9
9.0
1.2

3.2
1.1
2.2
.3

3.2
1.5
2 2
.3

3.2
1.1
2 2
.3

3.3
13
2 7
.4

12 9
5 0
9 3
14

15

Equals* Personal income

68.5

71.6

271.8

69.5

71.8

73.4

286.0




--

64.9

66.7

71.4

July 1957

29

SURVEY OF CURRENT BUSINESS

Adjusted Quarterly Totals at Annual Rates, 1952-56
[Billions of dollars]

1954

1955

III

I

1956

III

I

II

Line

I

II

358.1

358.7

360.0

367.7

361.2

379.0

387.7

397.0

402.8

391.7

405.2

410.8

416.7

406.0

414.7

1

232.1
28.5
118.9
84.7

235.0
29.2
120.1
85.8

238.0
29.4
121.3
87.3

241.2
30.4
122.0
88.7

236.6
29.4
120.6
86.6

247.4
34.7
122.4
90.2

252.1
35.3
124.8
92.0

258.3
37.2
127.4
93.7

259.9
35.4
129.2
95.3

254.4
35.6
126.0
92.8

262.8
34.6
130.9
97.2

265.0
33.3
132.7
99.0

268.6
33.0
134.4
101.1

272.3
34.8
135.3
102.2

267.2
33.9
133.3
99.9

2
3
4
5

46.5
26.1
12.0
14.1
22.9
-2.5
-2.7

48.3
27.1
12.9
14.2
22.6
-1.5
-2.1

46.8
28.3
14.0
14.3
22.7
-4.1
-4.8

51.9
29.7
15.1
14.5
21.7
.5
-.1

48.4
27.8
13.5
14.3
22.5
-1.9
-2.4

55.6
31.6
16.3
15.3
21.3
2.7
2.2

59.7
32.7
16.8
15.9
22.4
4.6
4.2

61.4
32.9
16.7
16.2
25.2
3.3
3.1

65.4
33.2
16.4
16.8
25.9
6.3
6.3

60.6
32.7
16.6
16.1
23.7
4.2
4.0

64.4
32.9
15.7
17.3
26.3
5.2
5.4

65.3
33.6
15.5
18.1
27.2
4.6
5.0

65.5
33.2
15.1
18.1
29.0
3.3
3.9

68.5
33 4
15.1
18.4
29.9
5.1
5.7

65.9
33.3
15.3
18.0
28.1
4.6
5.0

6
7
8
9
10
11
12

-.4

-.7

.1

-.7

-.4

-.2

1.2

2.0

2,4

1.4

13

76.5
46.9
41.8
39.2
2.6
5.5
.4
29.5

76.6
46.5
41.3
39.0
2.3
5.6
.4
30.1

77.2
46.7
41.3
39.4
1.8
5.8
.4
30.5

78.2
47.1
40.7
38.7
2.0
6.8
.4
31.1

77.1
46.8
41.3
39 1

78.2
46.2
41.1
39.1
2.0
5.5
.4
32.0

82.8
49.0
44.2
42.0
2.2
5.1
.4
33.9

80.2
47.2
42.4
40.4
2.0
5.2
.4
33.0

14
15
16
17
18
19
20
21

Year

IV

-1.1

-.2

-.7

.3

-.4

80.6
54.0
46.6
44.8
1.9
7.8
.4
26.6

75.6
48.3
43.3
41.7
1.6
5.4
.4
27.3

75.9
47.7
42.1
40.2
1.9
6.0
.4
28.2

74.4
45.7
40.2
38.1
2.1
5.8
.3
28.7

76.6
48.9
43.1
41.2
1.9
6.2
.4
27.7

II

Income, Quarterly, 1952—56

Year

IV

i. 2

5.9
.4
30.3

III

79.3
46.4
41.6
39.5
2.1
5.2
.4
32.9

Year

IV

80.6
47.3
42.7
40.9
1.9
4.9
.4
33.3

[Billions of dollars]

1954

1955

1956
Line

III

II

I

IV

Year

I

IV

III

II

Year

I

II

Year

IV

III

69.9

71.0

72.1

74.4

287.4

72.4

75.5

77.6

80.5

305.9

78.1

80.8

82.6

85.4

326.9

1

11.9
10.9
1.0

6.2
5.2
1.0

7.9
7.0
.9

6.9
6.1
.9

33.0
29.2
3.8

9.8
8.7
1.1

9.3
8.1
1.2

8.9
7.9
1.0

7.8
6.8
1.0

35.8
31.5
4.2

10.5
9.3
1.2

10.7
9.4
1.3

9.9
8.9
1.0

8.5
7.5
1.0

39.7
35.1
4.6

2
3
4

58.0

64.8

64.2

67.5

254.5

62.6

66.2

68.7

72.7

270.2

67.6

70.1

72.7

76.9

287.2

5

55.1

58.7

58.0

64.7

236.6

58.9

63.1

63.0

69.5

254.4

62.8

65.9

65.6

72.9

267.2

6

2.9

6.1

6.2

2.8

17.9

3.7

3.1

5.8

3.2

15.8

4.8

4.2

7.1

3.9

20.0

7

Adjusted Quarterly Totals at Annual Rates, 1952—56
[Billions of dollars]

1954
III

II

I

1956

1955
IV

Year

II

I

IV

III

I

Year

II

Line

III

Year

IV

285.0

285.1

287.5

291.7

287.4

294.8

303.3

309.4

315.2

305.9

318.5

325.3

328.7

334.5

326.9

1

32.7
29.1
3.7

32.8
29.0
3.8

32.9
29.1
3.8

33.3
29.4
3.9

33.0
29.2
3.8

34.7
30.6
4.1

35.5
31.3
4.2

36.2
31.9
4.3

36.6
32.3
4.3

35.8
31.5
4.2

38.9
34.4
4.5

39.5
35.0
4.5

39.8
35.2
4.6

40.5
35.8
4.7

39.7
35.1
4.6

2
3
4

252.3

252.3

254.6

258.4

254.5

260.1

267.8

273.2

278.6

270.2

279.6

. 285. 8

288.8

294.0

287.2

5

232.1

235.0

238.0

241.2

236.6

247.4

252.1

258.3

259.9

254.4

262.8

265.0

268.6

272.3

267.2

6

20.2

17.2

16.6

17.3

17.9

12.7

15.7

14.9

18.7

15.8

16.8

20.8

20.3

21.7

20.0

7

Income, and Personal Income, Quarterly, 1952-56
[Billions of dollars]

1954
I

II

1955

III

Year

IV

II

I

1956

III

IV

Year

I

II

Line

III

Year

IV

87.2

88.9

89.4

95.6

361.2

92.4

96.7

98.4

104.2

391.7

98.9

102.2

103.4

110.2

414.7

1

7.0
7.3
.3
-.6

7.1
7.5
.3
-.5

7.3
7.5
.3
-.6

7.5
7.8
.3
3.4

28.9
30.1
1.3
1.7

7.6
7.6
.3
.2

7.8
8.2
.3
-.3

8.0
8.4
.3
-.5

8.2
8.7
.3
2.7

31.6
32.9
1.3
2.1

8.3
8.3
.3
-.6

8.5
8.7
.3
-.4

8.6
8.8
.3
-.7

8.9
9.2
.3
3.4

34.3
35.0
1.3
1.6

2
3
4
5
6

-.1

.0

.0

-.1

-.2

.0

.2

.0

.0

.2

.2

.2

.2

.4

1.1

73.1

74.5

74.9

76.6

299.0

76.7

80.8

82.2

84.4

324.1

82.8

85.4

86.6

88.9

343.6

7

7.9
2.8
.0

8.7
2.6
.0

8.0
2.3
.0

8.5
2.0
.0

33.1
9.7
.0

9.4
3.0
.0

10.6
3.0
.1

10.1
2.7
-.1

10.6
2.3
.0

40.7
11.0
.0

10.0
3.5
.0

10.3
3.4
.0

9.8
2.9
.0

10.4
2.5
.0

40.4
12.4
.0

8
9
10

3.6
1.1
2.4
.3

3.8
1.5
2.2
.3

3.7
1.3
2.3
.3

3.9
1.2
3.0
.3

15.0
5.2
9.9
1.3

4.1
1.1
2.5
.3

4.1
1.5
2.4
.3

3.9
1.3
2.6
.3

4.0
1.2
3.6
.3

16.1
5.2
11.0
1.3

4.3
1.2
2.9
.3

4.3
1.7
2.8
.3

4.2
1.4
2.8
.3

4.3
1.3
3.5
.3

17.2
5.7
11.9
1.3

11
12
13
14

69.9

71.0

72.1

74.4

287.4

72.4

75.5

77.6

80.5

305.9

78.1

80.8

82.6

85.4

326.9

15




SURVEY OF CUERENT BUSINESS

30

July 1957

Table 49.—Relation of Gross National Product, National Income, and Personal
[Billions of dollars]
1952

Line

1953

I
338.4

.2

-.3

285.6

37.8

Equals: National Income

24 7
29.2
12

35.6

Plus: Subsidies less current surplus of government enterprises

7

358 1

24 1
28.2

284.6

6

345.2

23 7
28.0

.0

Less: Capital consumption allowances
Indirect business tax and nontax liability.
Business transfer payments
Statistical discrepancy
.__

340 1

23 1
27.0

1 Gross national product
2
3
4
5

II

1.1
2.7

8
9
10

Less: Corporate profits and inventory valuation adjustment
Contributions for social insurance. _
Excess of wage accruals over disbursements

11
12
13
14

Plus: Government transfer payments
Net interest pnid by gnvf-rnrnfint

15

Equals: Personal income

_ _

Dividends _
_ ___
Business transfer payments

.__

8.6
.1

_

11. fi

.

4.9
9.0
1.1

.

264.5

I

II

III

IV

345 4

361 6

367 4

366 3

357 5

363 2

23 9
28.1
12

25 6
29.8
13

26 2
30.2
14

3.6

27 4
30.4
14

1.7

26 8
30.4
1 4

26 5
30 2
14

-.4

i

-.2

q

-.4

<j

—.4

290.8

299.6

290.2

303 0

305 8

304 1

295. 7

302 1

35.1

39 1

36.9

39 1

38 7

36 6

29 8

o

— .1

— 1

— l

8.5

36 0
8 7
— i

12.7
4 9

12.7
50

12.8
50

13.4
51

12 9
50

13

14

14

14

III

1.2
1.8

8.5
.0

11.7

4.9
9.0
1.2

268.2

IV

1.2
.6

8.6
-.3

12.3

4.9
9.0
1.2

274.8

Year

3.1

8.8
.0

12.5

4.9
9.0
1.2

279.3

2.0

8.6
.0

12.0
4 9

9.0
1.2

271.8

8.8

9.2

283. 4

8.9

9.5

286.9

3.2

8.7

9.5

287.7

Year

1.9

9.5

286.8

2.6

9.3

14

286.0

Table 50.—Personal Consumption Expenditures
[Billions of dollars]
1952

Line
I
1
2
3
4
5

Goods and services, total

III

II

1953

IV

Year

50.5

6
7
8
9
10
11
12

Nondurable goods, total
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil
Semidurable housefurnishings
Tobacco
Other nondurable goods

13
14
15
16
17
18
19

Services, total
Household operation
Housing
Transportation
Personal services
Recreation
Other services

_

60 7

218.3

6 1

82

26 6
10.4
12.5

28 3

28.3

33.1

16.3

17.3

18.0

4.7

4.4

18.5

7.8

2.3
2.7
.6

__ __

_ _
._

53.2

68

26.4

-

53 9

56

Durable goods total
Automobiles a n d parts _
_ _ _ _ _
Furniture and household equipment
Other durable goods
_ _
- _ . _ - _

4.0

--

1.3

_ _ _ _ _ _ _ _ _ _ _ _ _
- _
_ _ _ _ _ _ _ _ __
_ _ _ _ _ _

_ ._

_ _

-1
\

- - -

1

I

2.9
6.2
1.6

II

III

IV

Year

54 3

57.5

56 9

61.8

3.2
2.8
.7

3.7
3.1
.9

3.5
3.1
.8

2.7
3.8
1.4

27.6

29.4

29.0

33.2

18.5

116.1
20.1
70.1

17.0

17.9

18.3

18.7

119.1
19.9
71.9

4.4

6.4

19.9

5.0

4.8

4.6

6.4

20.7

18.8

18.8

19.4

75.6
11.1
25.6

20.0

20.4

20.5

20.7

6.8

3.2
6.7
1.7

81.7
12.0
27.6

8.1

8.0

8.2

32.1

8.4

8.8

8.8

8.8

34.8

3.0
3.0
.8
4.9

1.6

2.7
6.3
1.7

2.2
3.0
.8
4.4

1.6

2.6
6.4
1.8

2.9
3.8
1.5
6.8

1.5

2.8
6.6
1.7

3.7

6.0

4.3
1.4

5.0

1.7

3.0
6.8
1.9

4.2
1.8

2.8
7.0
1.9

6.4

1.7

3.0
7.1
1.8

230 5
29 8
13.2
12.8

3.9

6.6

7.3

Table 51.—Personal Consumption Expenditures by Major Type,
[Billions of dollars]
1953

1952

Line

I

II

III

IV

218.3

228.6

231.4

232.0

230.2

230.5

26.6
10.4
12.5

30.2
13.5
12.8

30.6
13.8
12.9

30.5
13.7
12.9

28.0
11.6
12.6

29.8
13.2
12.8

118.3
20.6
71.2

116.1
20.1
70.1

118.9
20.4
71.6

119.8
20.3
72.0

118.9
19.5
71.9

118.6
19.3
72.0

119.1
19.9
71.9

20.0

20.4

19.9

20.7

21.6

20.8

20.5

20.7

76.2
11.2
25.8
32.3

77.9
11.4
26.4
33.2

75.6
11.1
25.6
32.1

79.5
11.7
26.8
33.8

81.0
12.0
27.2
34.5

82.6
12.3
27.8
35.2

83.6
12.2
28.5
35.6

81.7
12.0
27.6
34.8

I
1

Durable goods, total
Automobiles and parts
_
.
Furniture and household equipment
Other durable goods

6
8
9
10
11
12
13
14
15
16
17
18
19

Services, total
Household operation
Housing
Transportation
Personal services
Recreation




225.1

25.2
12.6

29.0
12.2
12.8

114.2
20.0
68.8

115.0
19.6
69.8

116.9
20.3
70.5

19.6

73.5
10.8
24.8
31.2

74.7
10.9
25.3
31.7

9.6

3.6

_ _

.

_

218.3

26.8
11.0
12.2

19.5

Nondurable goods total
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil
Semidurable housefurnishings
Tobacco
Other nondurable goods

216.5

12.4

_ _ _

IV

25.6

_ _ __

III

213.4

Goods and services, total

2
3
4
5

II

-

- _-

--

5.9

6.7

3.7

6.0

6.7

8.8
3.8

6.1

6.9

Year

3.9

6.1

7.0

3.7

6.0

6.8

3.9

6.2

7.2

3.9

6.4

7.3

3.9

6.7

7.3

3.7

6.9

7.3

Year

3.9

6.6

7.3

SURVEY OF CURRENT BUSINESS

July 195T

31

Income, Seasonally Adjusted Quarterly Totals at Annual Rates, 1952-56
[Billions of dollars]
1954
I

III

II

1955

Year

IV

I

II

1956

III

Year

IV

358.1

358.7

360.0

367.7

361.2

379.0

387.7

397.0

402.8

28.0
30.0
1.3
1.7

28.6
30.1
1.3
2.0

29.2
29.8
1.2
1.4

29.8
30.5
1.2
1.7

28.9
30.1
1.3
1.7

30.6
31.5
1.3
4.4

31.4
32.8
1.3
1.4

32.0
33.2
1.3
2.3

32.6
34.0
1.3
.1

-.5

.2

-.2

-.4

297.0

298.2

304.0

299.0

32.0
9.6
.0

33.2
9.6
.0

32.4
9.7
.0

35.0
9.9
.0

33.1
9.7
.0

14.1
5.2
9.6
1.3

14.9
5.2
9.7
1.3

15.2
5.2
9.8
1.2

15.9
5.2
10.1
1.2

285.0

285.1

287.5

291.7

.1

-.2

296.5

I

391.7

II

Line
Year

IV

III

405.2

410.8

416.7

426.0

414.7

1

33.3
34.1
1.3
1.5

33.9
34.7
1.3
1.3

34.6
35.1
1.3
2,3

35.3
36.1
1.3
1.6

34.3
35.0
1.3
1.6

2
3
6

31.6
32.9
1.3
2.1

4
5

.7

.0

.1

.2

.8

1.0

1.1

1.6

1.1

321.5

328.3

334.9

324.1

335.8

340.6

344.5

353.3

343.6

7

38.2
10.6
.1

39.9
10.8
.5

41.6
11.3
-.6

43.2
11.4
.0

40.7
11.0
.0

40.5
12.0
.0

39.1
12.2
.0

39.8
12.5
.0

42.4
12.8
.0

40.4
12.4
.0

8
9
10

15.0
5.2
9.9
1.3

15.7
5.2
10.2
1.3

16.1
5.1
10.4
1.3

16.1
5.2
10.8
1.3

16.2
5.3
12.0
1.3

16.1
5.2
11.0
1.3

16.6
5.5
11.7
1.3

17.1
5.7
12.0
1.3

17.4
5.8
12.1
1.3

17.7
5.9
11.5
1.3

17.2
5.7
11.9
1.3

11
12
13
14

287.4

294.8

303.3

309.4

315.2

305.9

325.3

328.7

334.5

326.9

15

311.4

318.5

by Major Type, Quarterly, 1952-56
[Billions of dollars]
1954
I

III

II

1956

1955
IV

Year

I

II

III

Year

IV

I

I

I

Year

IV

Line

55.1

58.7

58.0

64.7

236.6

58.9

63.1

63.0

69.5

254.4

62.8

65.9

65.6

72.9

267.2

1

6.4
2.9
2.8
.7

7.5
3.6
3.1
.9

6.9
2.9
3.1
.8

8.6
3.2
3.9
1.6

29.4
12.6
12.9
39

7.9
4.1
3.1
.7

9.2
4.8
3.4
1.0

8.8
4.4
3.5
.9

9.8
3.8
4.3
1.7

35.6
17.2
14.2
4.2

7.8
3.7
3.2
.8

8.5
3.9
3. 6
1.0

7.9
3.4
3.6
.9

9.8
3.6
4.4
1.8

33.9
14.6
14.8
4.5

2
3
4
5

27.4
3.9
17.1
1.5

29.6
5.0
18.0
1.8

29.5
4.2
18.7
1.9

34.1
6.6
19.3
1.7

120.6
19.7
73.1
6.9

28.2
4.0
17.4
1.6

30.7
5.1
18.7
2.0

31.0
4.5
19.7
2.0

36.0
7.0
20.1
1.9

126.0
20.6
76.0
7.5

30.4
4.5
18.7
1.8

32.4
5.2
19.9
2.1

32.8
4.8
20.8
2.1

37.8
7.4
21.3
2.0

4.9

4.7

4.7

6.5

20.8

5.1

4.9

4.9

7.0

21.8

5.4

5.2

5.1

7.1

21.3
3.4
7.2
1.7

21.6
3.1
7.3
1.9

21.6
2.9
7.4
1.9

22.1
3.3
7.5
1.8

86.6
12.6
29.5
7.3

22.8
3.7
7.6
1.7

23,2
3.4
7.7
1.9

23.1
3.3
7.8
1.9

23.7
3.7
7.9
1.9

92.8
14.1
31.1
7.5

24.6
4.2
8.0
1.8

25.0
3.8
8.1
2.0

24.9
3.6
8.3
2.0

25.4
3.9
8.4
1.9

9.0

9.4

9.4

9.4

37.2

9.7

10.1

10.1

10.2

40.1

10.6

11.0

11.1

11.1

133.3
21.8
80.7
8.0 f
1
22.8
I

6
7
8
9
10
11
12

99.9
15.5
32.8
7.7 f
1
43.8 i

13
14
16
16
17
18
19

Seasonally Adjusted Quarterly Totals at Annual Rates, 1952-56
[Billions of dollars]
1954

1955

1956

I

II

232.1

235.0

238.0

241.2

236.6

247.4

252.1

258.3

259.9

254.4

262.8

265.0

268.6

272.3

267.2

1

28.5
11.9
12.8
3.7

29.2
12.4
12.8
4.0

29.4
12.5
12.9
4.0

30.4
13.4
12.9
4,1

29.4
12.6
12.9
3.9

34.7
16.8
13.9
4.1

35.3
16.9
14.1
4.2

37.2
18.5
14.5
4.2

35.4
16.5
14.4
4.4

35.6
17.2
14.2
4.2

34.6
15.4
14.7
4.5

33.3
13.8
15.0
4.5

33.0
13.7
14.7
4.6

34.8
15.3
14.9
4.6

33.9
14.6
14.8
4.5

2
3
4
5

118.9
19.5
72.1
6.9

120.1
19.7
72.5
6.9

121.3
19.5
73.7
6.9

122.0
19.9
74.1
7.1

120.6
19.7
73.1
6.9

122.4
19.9
73.7
7.3

124.8
20.6
75.3
7.5

127.4
20.8
77.1
7.6

129.2
21.3
77.8
7.7

126.0
20.6
76.0
7.5

130.9
21.0
79.2
7.9

132.7
21.7
80.1
8.0

134.4
22.3
81.3

ao

135.3
22.2
82.1
8.3

133.3
21.8
80.7
8.0

20.4

21.0

21.1

20.9

20.8

21.5

21.5

21.9

22.4

21.8

22.8

22.9

22.9

22.7

22.8

6
7
8
9
10
11
12

84.7
12,4
28.9
36.1
7.3

85.8
12.4
29.3
36.8
7.3

87.3
12.7
29.7
37.6
7.3

88.7
13.0
30.2
38.1
7.4

86.6
12.6
29.5
37.2
7.3

90.2
13.5
30.5
38.7
7.4

92.0
13.8
30.9
39.8
7.4

93.7
14.3
31.3
40.6
7.5

95.3
14.8
31.7
41.2
7.6

92.8
14.1
31.1
40.1
7.5

97.2
15.2
32.1
42.2
7.7

99.0
15.5
32.6
43.2
7.7

101.1
15.7
33.2
44.6
7.7

102.2
15.8
33.5
45.1
7.8

99.9
15.5
32.8
43.8
7.7

III




IV

Year

I

II

III

IV

Year

I

II

III

IV

Year

13
14
15
16
17
18
19

BUSINESS STATISTICS
J_ 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

May

1957

July | August j g£ - October Novem- December
ber
8e

June

m

January

February

April

May

' 339. 5

' 340. 6

' 342. 9

343.8

' 237. 2
' 102. 3
'63.0
'32 6
'39.3

' 237. 1 ' 238. 3
' 102. 4 ' 102. 4
'63.4
'62.7
' 32 9 '33.0
'39.5
' 39. 1

239.2
102.8
63.6
33. 1
39.7

March

June

GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates :f
National income total
bil of dol
Compensation of employees total
Wa^es and salaries total
Private
Military
Government civilian
Supplements to wages and salaries

355.1

'340 6

'353 3

'242 7
' 228. 3
' 190 1
'9.7
28 5
' 14.4

' 247. 9
'233.3
' 194. 7
'9.7
' 28.9
'14.6

' 251. 1
' 235. 9
' 196. 8
'9.6
29.4
'15.3

'49.7
' 28 0
'11.5
' 10 3

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 dol
Corporate profits before tax total
do
Corporate profits tax liability
do
Corporate profits after tax
do
Inventory valuation adjustment
do
Net interest
do

'344 5

'240 0
' 226. 1
' 188 4
'9.7
' 27 9
' 13.9

do
do
do
do
do
do

'50.0
' 28.2
'11.5
r
10.4

'50.7
' 28.3
'12.0
' 10.4

'50.3
'28.4
'11.5
' 10.4

'39.8
'40 8
20.8
'19. 9
' —1.0
12 0

' 42.4
'45 6
' 23.3
'22.3
' -3.2
'12.3

41.2
43.9
22.4
21.5
' -2.7
'12.5

'39.1
r 42 4

'21.6
'20.7
' —3.2
11 7

do

r

410 8

' 416. 7

' 426. 0

' 429. 1

Personal consumption expenditures total
Durable goods
Nondurable goods
Services

do
do
do
do

' 265. 0
'33 3
' r132 7
99 0

' 268.6
33 0
' 134. 4
' 101 1

' 272. 3
34 8
' 135. 3
' 102 2

' 276. 7
35 9
' 137. 3
' 103 4

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

do
do
do
do

' 65 3
33.6
' 27 2
'4.6

'65 5
33. 2
'29 0
'3.3

68 5
'33.4
'29 9
'5.1

'62 7
'32.8
'30 7
' -.8

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 9
do
State and local
do
Personal income, total
Less: Personal tax and nontax payments
Equals: Disposable personal income
_

'4 1

12

'2 0

2 4

' 79 3
'46.4
r
41 6
'32 9

do
do
do

Personal saving§-

T

'80 6
'47.3
'42 7
'33 3

'82 8
'49.0
T
44 2
'33 9

' 85 6
'50.3
'45 5
'35 3

' 328. 7
'39.8
'288.8

' 334. 5
'40.5
' 294. 0

' 337. 7
' 42.2
' 295. 5

'20.3

'21.7

'18.9

' 325. 3
' 39.5
' 285. 8 -'20.8

do

"

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

bil. of dol_.

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

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-

' 325. 2

' 326. 8

' 325. 6 ' 329. 3 ' 331. 1

' 225. 6 ' 227. 3 ' 225. 7
'98.1
'97.7
'96.3
' 59. 6 '60.3
' 60.2
r
r
30. 7
31 0
'31 2
'37.6
' 37 9 '38 0
r

r

15

50 0
'29.4
' 18 4

'5.7

' 228. 8
'98.6
' 60.5
'31 5
'38 2

' 230. 4
'99.6
'60.9
r 31 5
'38 4

' 334. 1

' 334. 9

' 334. 8

' 231. 8 ' 233 1 ' 235. 3
' 102. 7
' 100. 8 '101.2
'61.6
' 60.8
' 61.4
' 31 8 ' 31 9 '32 2
' 38.8
' 38 4 '38 6

' 335. 9

r 7 7

'75

'75

'77

'77

'49 9
'30.1

r Ig g

' 51 3
'30.2
' 18 9

' 50 7
'30.4

' 7 7
'50 2
'28.5

r 18 5

'49 9
'29.7
' 18 5

r 50 1
'29.9
' 18 7

'76

' 49 7
'29.5

r 18 9

r 19 0

' 50 2
'30.7
' 19 5

'5.7

'5.7

'5.8

'5.7

'5.8

'5.9

'5.9

'6.7

'76

' 337. 9

'234.5 ' 235. 9
'101.4
' 102. 0
62.4
'62.0
' 32 2
32 4
'38.9
39.1
' 7 8
50 4
30.8
19 7

'6.7

'7 8
' 50 4
'30.9
' 20 0

'7 8
' 50 6
'31.0
'20 8

' 7 8
' 50 8
'31.2
' 21 6

7 9
50 8
31.2
21 5

'6.8

'6.7

'6.8

6.8

Total nonagricultural income—
...do
328.3
' 309. 8 ' 312. 0 ' 310. 7 ' 314. 1 ' 316. 1 ' 317. 7 ' 319. 3 ' 319. 6 ' 320. 7 ' 322. 7 ' 324. 5 ' 325. 3 ' 327. 5
'Revised.
tRevised series. Estimates of national income and product and personal income have been further revised back to 1954 (all revisions—beginning with 1952—appear on pp. 5 ff. of this issue
of the SURVEY); for data prior to 1952, see the 1954 NATIONAL INCOME SUPPLEMENT or the 1955 edition of BUSINESS STATISTICS.
d* 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.
430397°—57-




S-l


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102