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SUEVEY OF CURRENT BUSINESS 6 November 1957 Table 1.—Gross National Product, National Income, and Personal Income, 1955, 1956, and First Three Quarters 1957 (Billions of dollars) Unadjusted 1955 Seasonally adjusted at annual rates 1957 1956 1955 I II III 1957 1956 I II III IV I II III IV I II III GROSS NATIONAL PRODUCT OR EXPENDITURE Gross national product - _. Personal consumption expenditures Durable goods Nondurable goods Services _ __ Gross private domestic investment New construction Residential nonfarm Other -_ . _ . Producers' durable equipment „ Change in business inventories, total Nonfarm only 391.7 414.7 104.0 107.8 108.4 379.0 387.7 397.0 402.8 405.2 410.8 416.7 426.0 429.1 434.3 439. 0 254.4 267.2 65.8 69.7 69.3 247.4 252.1 258.3 259.9 262.8 265.0 268.6 272.3 276.7 278.9 283.6 35.6 126.0 92.8 33.9 133.3 99.9 8.1 31.6 26.1 8.9 34.4 26.4 8.4 34.8 26.2 34.7 122. 4 90.2 35.3 124.8 92.0 37.2 127.4 93.7 35.4 129.2 95.3 34.6 130.9 97.2 33.3 132.7 99.0 33.0 134.4 101.1 34.8 135.3 102.2 35.9 137.3 103.4 35.0 139.1 104.9 35.0 142.5 106.1 60.6 65.9 16.5 15.4 16.7 55.6 59.7 61.4 65.4 64.4 65.3 65.5 68.5 62.7 65.0 65.5 32.7 33.3 7.1 8.2 9.1 31.6 32.7 32.9 33.2 32.9 33.6 33.2 33.4 32.8 32.7 33.0 16.6 16.1 15.3 18.0 2.9 4.2 3.6 4.7 4.0 5.2 16.3 15.3 16.8 15.9 16.7 16.2 16.4 .16.8 15.7 17.3 15.5 18.1 15.1 18.1 15.1 18.4 14.4 18.5 13.7 19.0 14.0 19.0 23.7 28.1 7.5 8.0 7.4 21.3 22.4 25.2 25.9 26.3 27.2 29.0 29.9 30.7 30.5 30.5 4.2 4.6 2.0 -.8 .1 2.7 4.6 3.3 6.3 5.2 4.6 3.3 5.1 -.8 1.7 2.0 4.0 5.0 2.1 -.7 .2 2.2 4.2 3.1 6.3 5.4 5.0 3.9 5.7 -.3 2.2 2.3 Net foreign investment -.4 1.4 1.0 .9 .4 -.4 -.7 .1 -.7 -.2 1.2 2.0 2.4 4.1 3.5 3.2 Government purchases of goods and services 77.1 80.2 20.7 21.8 22.0 76.5 76.6 77.2 78.2 78.2 79.3 80.6 82.8 85.6 86.9 86.7 46.8 47.2 12.6 12.8 12.7 46.9 46.5 46.7 47.1 46.2 46.4 47.3 49.0 50.3 51.1 50.6 41.3 42.4 11.4 11.6 11.5 41.8 41.3 41.3 40.7 41.1 41.6 42.7 44.2 45.5 46.3 45.8 39.1 2.2 40.4 2.0 10.9 .5 11.1 .5 11.0 .5 39.2 2.6 39.0 2.3 39.4 1.8 38.7 2.0 39.1 2.0 39.5 2.1 40.9 1.9 42.0 2.2 43.6 1.9 44.2 2.1 43.8 2.0 5.9 5.2 1.3 1.3 1.3 5.5 5.6 5.8 6.8 5.5 5.2 4.9 5.1 5.2 5.2 5.2 .4 .4 .1 .1 .1 .4 .4 .4 .4 .4 .4 .4 .4 .4 .4 .4 30.3 33.0 8.1 9.1 9.4 29.5 30.1 30.5 31.1 32.0 32.9 33.3 33.9 35.3 35.8 36.1 Federal National security National defense Other national security. - Other Less* Government sales State and local NATIONAL INCOME BY DISTRIBUTIVE SHARES National income— 324.1 343.6 87.7 89.8 311.4 321.5 328.3 334.9 335.8 340.6 * 344.5 353.3 355.1 358.1 Compensation of employees 223.1 241.4 62.0 63.3 65.0 214.0 221.3 226.1 230.8 234.5 240.0 242.7 247. 9 251.1 254.0 257.0 Wages and salaries 210.3 227.2 57.9 59 2 61.1 201.8 208.8 213. 0 217.5 220.9 226.1 228.3 233.3 235.9 238.6 241.3 174.4 9.8 26.1 189.4 9.7 28.2 49.4 2.4 7.4 51.3 2.5 7.4 166.9 9.7 25.3 176.9 9.8 26.4 181.1 9.7 26.8 183.9 9.7 27.3 194.7 9.7 28.9 196.8 9.6 29.4 199.1 9.7 29.7 200.9 9.8 30.6 Private Military Government civilian _. Supplements to wages and salaries 48.1 2.4 7.4 172.8 10.0 26.1 188.4 9.7 27.9 190.1 9.7 28.5 12.7 14. 1 4.1 4.1 3.9 12.2 12.5 13.0 13.2 13.7 13.9 14.4 14.6 15.3 15.4 15.7 Proprietors' and rental income * 49.4 49.9 12.6 12.7 12.8 48.7 49.6 49.6 49.6 49.3 49.7 50.0 50.7 50.3 50.7 51.3 Business and professional— __ Farm Rental income of persons Corporate profits and inventory valuation adjustment 27.3 11.9 10.2 28.0 11.6 10.3 7.1 2.9 2.6 7.2 2.9 2.6 7.3 3.0 2.6 26.7 11.7 10.4 27.3 12.1 10.2 27.6 11.9 10.1 27.8 11.7 10.1 27.7 11.4 10.2 28.0 11.5 10.3 28.2 11.5 10.4 28.3 12.0 10.4 28.4 11.5 10.4 28.7 11.7 10.4 29.1 11.8 10.4 40.7 40.4 10.0 10.6 38.2 39.9 41.6 43.2 40.5 39.1 39.8 42.4 41.2 40.7 42.5 43.0 10.8 10.8 39.4 40.7 43.6 46.1 43.3 42.4 40.8 45.6 43.9 42.0 21.5 21.0 22.0 21.0 5.5 5.3 5.5 5.3 20.0 19.5 20.6 20.1 22.1 21.5 23.4 22.7 22. 1 21.2 21.6 20.7 20.8 19.9 *23.3 22.3 22.4 21.5 21.4 20.5 Corporate profits before tax Corporate profits tax liability Corporate profits after tax -1.7 -2.6 -.7 -.3 Q -1.2 -.9 -2.0 -2.9 -2.8 -3.2 -1.0 -3.2 -2.7 -1.3 -.9 10.9 11.9 3.1 3.2 3.2 10.5 10.7 11.0 11.3 11.5 11.7 12.0 12.3 12.5 12.7 13.0 33.9 36.1 9.4 9.5 9.5 32.9 33.8 34.4 34.5 35.0 35.8 36.6 36.9 37.5 38.0 39.0 305.9 326.9 82.9 85.2 87.3 294.8 303.3 309.4 315.2 325.3 328.7 334.5 337.7 342.8 346.5 35.8 39.7 11.3 11.8 10.6 34.7 35.5 36.2 36.6 38.9 39.5 39.8 40.5 42.2 42.9 43.6 31.5 4.2 35.1 4.6 10.0 1.3 10.3 1.4 9.5 1. 1 30.6 4. 1 31.3 4.2 31.9 4.3 32. 3 4.3 34.4 4.5 35.0 4.5 35.2 4.6 35.8 4.7 37.4 4.9 38.0 4.9 38.6 5.0 Efluals * Disposable personal income 270.2 287.2 71.6 73.4 76.7 260.1 267.8 273.2 278.6 279.6 285.8 288.8 294.0 295.5 299.9 302.9 Less' Personal consumption expenditures 254.4 267.2 65.8 69.7 69.3 247.4 252.1 258. 3 259.9 262. 8 265.0 268.6 272.3 276.7 278. 9 283.6 15.8 20.0 5.8 3.7 7.4 12.7 15.7 14.9 18.7 16.8 20.8 20.3 21.7 18.9 21.0 19.3 Inventory valuation adjustment Net interest Addendum: Compensation of general government employees PERSONAL INCOME AND ITS DISPOSITION Personal income - - - Less' Personal tax and nontax payments Federal State and local Efllial*!* Persona! saving - i Includes noncorporate inventory valuation adjustment. Source: U. S. Department of Commerce, Office of Business Economics. 318.5 Wlonttfr BUSINESS STATISTICS JL HE STATISTICS here are a continuation of the data published in the 1957 edition of BUSINESS STATISTICS, biennial Statistical Supplement to the SURVEY OF CURRENT BUSINESS. That volume (price $2) contains monthly (or quarterly) data for the years 1953 through 1956 and monthly averages for all years back to 1929 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1953. Series added or significantly revised since publication of the 1957 BUSINESS STATISTICS are indicated by an asterisk (*) and a dagger (f), respectively; certain revisions for 1956 issued too late for inclusion in the aforementioned volume appear in the monthly SURVEY beginning with the July 1957 issue. 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, through the courtesy of the compilers, and are subject to their copyrights. 1956 Unless otherwise stated, statistics through 1956 and descriptive notes are shown in the 1957 edition of SeptemDecemOctober NovemBUSINESS STATISTICS ber ber ber Data from private sources are provided 1957 January February March April May June July October August September GENERAL BUSINESS INDICATORS NATIONAL INCOME AND PRODUCT Seasonally adjusted quarterly totals at annual rates: National income, total bil of dol Compensation of employees total Wages and salaries, total Private _ __ _ Military Government civilian _ Supplements to wages and salaries 344 5 353 3 355 1 358 1 242 7 228.3 190.1 9.7 28.5 14.4 247 9 233.3 194.7 251 1 235.9 196.8 28.9 14.6 29.4 15.3 254 0 238 6 199.1 9 7 29.7 15 4 257.0 241. 3 200.9 9.8 30.6 15.7 50.0 28 2 11.5 10 4 50.7 28 3 12.0 10 4 50.3 28 4 11.5 10 4 50 7 28 7 11.7 10 4 51.3 29.1 11.8 10.4 39 8 40.8 20 8 19.9 —1 0 42 4 45.6 23 3 22.3 —3 2 41 2 43.9 22 4 21.5 —2 7 do 12.0 12.3 do do do do do do Proprietors' and rental income, totald" 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 9.7 9.6 40 42 21 20 —1 7 0 4 5 3 — 9 12 5 12 7 13.0 do 416.7 426.0 429 1 434 3 439.0 Personal consumption expenditures, total Durable goods Nondurable goods Services do do do do 268.6 33 0 134.4 101 1 272. 34 135. 102 3 8 3 2 276.7 35 9 137 3 103 4 278.9 35 0 139.1 104 9 283.6 35 0 142.5 106 1 Gross private domestic investment, total New construction _ __ __ Producers' durable equipment Change in business inventories do do do do 65.5 33.2 29.0 3.3 68.5 33.4 29.9 62 7 32.8 30 7 65 0 32.7 30.5 65.5 33.0 30.5 —.8 1.7 2.0 2.0 2.4 4.1 3.5 3.2 80.6 47.3 42.7 85 6 50 3 45 5 35.3 86 9 51.1 46 3 35.8 86 7 50 6 45 8 36.1 Gross national product, total Net foreign investmentdo Government purchases of goods and services, total bil of dol Federal (less Government sales) do National security 9 do State and local __ do 5.1 33.3 82.8 49.0 44 2 33.9 Personal income, total Less' Personal tax and nontax payments Equals: Disposable personal income do do do 328.7 39 8 288.8 334.5 40 5 294.0 337 7 42 2 295.5 342 8 42 9 299.9 346 5 43 6 302.9 Personal saving § do 20.3 21 7 18 9 21 0 19 3 bil. of dol.. 331.1 334.1 334.9 334.8 335.9 337.9 339.5 340.6 342.9 344.8 346.2 346.8 «• 346. 6 345.6 230.4 99.6 60.9 31.5 38.4 231.8 100.8 60.8 31.8 38.4 233.1 101.2 61.4 31.9 38.6 235.3 102.7 61.6 32.2 38.8 234.5 101.4 62.0 32.2 38.9 235.9 102.0 62.4 32.4 39.1 237.2 102.3 63.0 32.6 39 3 237.1 102.4 62.7 32.9 39 1 238.3 102.4 63.4 33.0 39.5 240.1 103.3 63.8 33.2 39.8 240.9 103. 0 64.5 33.4 40 0 241. 7 102.8 64.7 33.7 40 5 ' 241. 5 r 102. 2 ' 64. 8 33.9 r 40 6 239.9 100.8 64.6 33.9 40.6 PERSONAL INCOME, BY SOURCE Seasonally adjusted, at annual rates: Total personal income Wage and salary disbursements, total Commodity-producing industries Distributive industries Service industries _ _ Government do do do__. do do 7.6 7.7 51.3 30.2 18.9 7.7 7.7 49.9 30.1 18.8 50.7 30.4 18.9 50.2 28.5 19.0 50.2 30.7 19.5 50.4 30.8 19.7 50.4 30.9 20.0 7.8 7.9 7.9 50.6 31.0 20.8 50.8 31.2 21.6 50.9 31.2 21.5 51.6 31.4 21.3 5.7 5.8 5.9 5.9 6.7 6.7 6.8 6.7 6.8 6.8 6.9 6.9 316.1 317.7 324.5 325.3 327.5 329.3 319.3 319.6 320.7 322.7 Total nonaericultural income do r Revised. 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. 330.5 331.3 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. _ 7.7 7.8 7.8 7.8 8.0 51.2 31.6 21,2 8.0 51.1 '31.6 ' 21. 2 6.8 ' 331. 3 8.0 51.0 31.7 21.8 6.8 330.3 S-l