View PDF

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

SUEVEY OF CUBKENT BUSINESS

8

February 1958

Table 5.—Gross National Product, National Income, and Personal Income, 1955, 1956 and 1957
[Billions of dollars]
Unadjusted
1955

1956

Seasonally adjusted at annual rates

1957

1957

1956

I

II

III

IV

1957

I

II

III

IV

I

II

III

IV

GROSS NATIONAL PRODUCT
OR EXPENDITURE
391.7

Durable goods
Nondurable goods
Services.

_
_,

_

434.4

104.2

108.1

108.7

113.3

405.2

410.8

416.7

426.0

429.9

435.5

440.0

432,1

267.2

280.4

65.8

69.7

69.3

75.6

262.8

265.0

268.6

272.3

276.7

278.9

283.6

282.4

35.6
126.0
92.8

Personal consumption expenditures

414.7

254.4

Gross national product

33.9
133.3
99.9

35.1
139.9
105.4

8.1
31.6
26.1

8.9
34.4
26.4

8.4
34.8
26.2

9.7
39.2
26.6

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

34.4
140.8
107.2

60.6

15.7

16.9

14.9

64.4

65.3

65.5

68.5

63.6

66.2

66.5

61.3

7.1

8.2

9.1

8.7

32.9

33. 6

33.2

33.4

32.8

32.7

33.0

34.0

15.3
18.0

14.2
19.0

2.9
4.2

3.6
4.7

4.0
5.2

3.7
5.0

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

14.5
19.5

28.1

30.4

7.5

8.0

7.4

7.4

26.3

27.2

29.0

29.9

30.7

30.5

30.5

30.0

4.2
4.0

Producers' durable equipment..

16.7

33.2

23.7

Residential nonfarm
Other

64.4

33.3

16.6
16.1

New construction

65.9

32 7

Gross private domestic investment. _

4.6
5.0

.8
.2

2.2
2.1

-.6
— .7

.4
.2

-1.2
-1.4

4.6
5.0

3.3
3.9

5.1
5.7

.0
0

2.9
2.2

3.0
2.3

-2.7
-3.4

Net foreign investment .

-.4

1.4

3.2

1.0

.9

.4

.9

5.2
5.4
2

1.2

2.0

2.4

4.1

3.5

3.2

2.0

Government purchases of goods and services

77.1

80.2

86.4

20.7

21.8

22.0

21.8

78.2

79.3

80.6

82.8

85.6

86.9

86.7

87.0

Change in business inventories, totalNonfarm only

-

46.8

State and local

46.2

46.4

47.3

49.0

50.3

51.1

50.6

49.7

11.3

41.1

41.6

42.7

44.2

45.5

46.3

45.8

45.0

40.4
2.0

43.7
2.0

10.9
.5

11.1
.5

11.0
.5

10.8
.5

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

43.0
2.0

5.2

5.2

1.3

1.3

1.3

1.3

5.5

5.2

4.9

5.1

5.2

5.2

5.2

5.0

.4

.4

.1

.1

.1

.1

.4

.4

.4

.4

.4

.4

33.0

36.0

8.1

9.1

9.4

9.4

32.0

32.9

33.3

33.9

35.3

35.8

36.1

37.3

343.6

358.0

87.8

89.9

91.1

335.8

340.6

344.5

353.3

355.6

358.5

362.6

223.1

241.4

254.4

62.0

63.3

65.0

64.1

234.5

240.0

242.7

247.9

251.1

254.0

257.0

255.3

210.3

227.2

238.8

57.9

59.2

61.1

60.6

220.9

226.1

228.3

233.3

235.9

238.6

241.3

239.5

174.4
9.8
26.1

189.4
9.7
28.2

199.0
9.7
30.1

48.1
2.4
7.4

49.4
2.4
7.4

51.3
2.5
7.4

50.2
2.4
8.0

183.9
9.7
27.3

188.4
9.7
27.9

190.1
9.7
28.5

194.7
9.7
28.9

196.8
9.6
29.4

199.1
9.7
29.7

200.9
9.8
30.6

199.1
9.5
30.8

12.7

14.1

15.6

4.1

4.1

3.9

3.6

13.7

13.9

14.4

14.6

15.3

15.4

15.7

15.8

49.4

49.9

51.2

12.7

12.8

12.9

12.8

49.3

49.7

50.0

50.7

50.9

51.2

51.7

51.3

27.3
11.9
10.2

28.0
11.6
10.3

12.1
10.4

3.0
2.6

3.0
2.6

3.0
2.6

3.1
2.6

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
12.0
10.4

28.7
12.1
10.4

29.1
12.2
10.4

28.6
12.2
10.4

40.7

40.4

10.0

10.6

9.9

40.5

39.1

39.8

42.4

41.2

40.7

40.9

42.5

43.0

10.8

10.8

10.3

43.3

42.4

40.8

45.6

43.9

42.0

41.8

21.5
21.0

.

12.4

11.5

30.3

.__

12.7

11.6

.4

.

12.8

11.4

324.1

Other

Less: Government sales

12.6

45.7

5.9

National defense
Other national security

50.4

42.4

39.1
2.2

_

National securitv

47.2

41.3

Federal

22.0
21.0

5.5
5.3

5.5
5.3

5.3
5.0

22.1
21.2

21.6
20.7

20.8
19.9

23.3
22.3

22.4
21.5

21.4
20.5

21.3
20.4

.4

NATIONAL INCOME
BY DISTRIBUTIVE SHARES
National income
Compensation of employees

-

Wages and salaries
Private
Military
Government civilian
Supplements to wages and salaries

._.

Proprietors' and rental income *_ _ __

_ _.

Farm
Rental income of persons
Corporate profits and inventory valuation adjustment
Corporate profits before tax
Corporate profits tax liability
Corporate profits after tax

-1.7

-2.6

-.7

-.3

-.3

-2.8

-3.2

-3.2

-2.7

Net interest

10.9

11.9

12.8

3.1

3.2

3.2

3.3

11.5

11.7

12.0

12.3

12.5

12.7

13.0

13.3

Addendum: Compensation of general government employees™ _ _
- .

33.9

36.1

38.4

9.4

9.5

9.5

9.9

35.0

35.8

36.6

36.9

37.5

38.0

39.0

39.0

305.9

326.9

343.4

83.0

85.3

87.4

87.7

318.5

325.3

328.7

334. 5

338.3

343.2

346.9

345.5

9.1

38.9

39.5

39.8

40.5

42.2

42.9

43.6

43.4

8.0
1.1

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

38.3
5.1

Inventory valuation adjustment

-1.0

-1.3

-.9

PERSONAL INCOME
AND ITS DISPOSITION
Personal income

„

35.8

39.7

42.8

11.3

11.8

10.6

31.5
4.2

35.1
4.6

37.8
5.0

10.0
1.3

10.3
1.4

9.5
1.1

FJqnate: Disposable personal income

270.2

287.2

300.6

71.7

73.5

76.8

78.6

279.6

285.8

288.8

294.0

296.1

300.4

303.3

302,1

Less* Personal consumption expenditures

254.4

267.2

280.4

65.8

69.7

69.3

75.6

262.8

265.0

268.6

272.3

276.7

278.9

283.6

282.4

15.8

20.0

20.2

5.9

3.8

7.5

3.0

16.8

20.8

20.3

21.7

19.5

21.4

19.7

19.8

Less: Personal tax and nontax payments
Federal
State and local

Equals: Personal saving

_

_.

-

1. Includes noncorporate inventory valuation adjustment.
Source: U. S. Department of Commerce, Office of Business Economics.




BUSINESS STATISTICS

Wlontki

-L 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.
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS

Data from private sources are provided

1957

1956

December

January

February

March

April

May

June

1958

July

August Septem- October Novem- December
ber
ber

January

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

do
do
do
do
do
do

Proprietors' and rental income, totaled
do
Business and professionald"
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

_

353.3

' 355. 6

' 358. 5

' 362. 6

247 9
233 3
194.7
9.7
28.9
14.6

251.1
235. 9
196.8
9.6
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

255.3
239 5
199.1
95
30.8
15 8

r

r

51 2
28 7
12 1
10 4

'51 7
29 1
' 12.2
10.4

51.3
28 6
12 2
10 4

40 7
42 0
21 4
20.5
—1 3

40.9
41 8
21.3
20.4
-.9

50.7
28 3
12.0
10 4

T

12.3

do

426.0

Personal consumption expenditures, total
Durable goods
Nondurable goods
.
Services

do
do
do
do

272.3
34.8
135.3
102 2

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

do
do
do
do

68.5
33 4
29.9
5.1

__

Net foreign investment
do
Government purchases of goods and services, total
bil. of dol
Ffiflp.ral flfiss Govpimmfmt sales)
rjo
National security 9
do
State and local
. do

r

41.2
43 9
22.4
21.5
—2.7

42.4
45 6
23.3
22.3
—3.2

do

Gross national product, total

50.9
28 4
12 0
10 4

12.7

12.5
r

r

429. 9

13.0
r

435 5

13 3

440. 0

432 6

276.7
35.9
137.3
103.4

278.9
35 0
139.1
104 9

283.6
35.0
142.5
106. 1

282.4
34 4
140 8
107 2

r

63. 6
32.8
30.7
r 0

'66 2
32 7
30.5
'29

'66.5
33.0
30.5
'30

61 3
34 o
30 0
—2 7

2.4

4.1

35

3.2

20

82.8
49.0
44.2
33.9

85 6
50 3
45 5
35.3

86.9
51 1
46 3
35.8

86.7
50.6
45.8
36.1

87 0
49 7
45 0
37.3

Personal income, total
Less* Personal tax and nontax payments
Equals: Disposable personal income...

do
do
do

334.5
40.5
294.0

'338 3
42 2
' 296. 1

'343 2
42 9
'300.4

' 346. 9
43.8
' 303. 3

345 5
43 4
302.1

Personal saving§

do

21.7

'19.5

'21.4

'19.7

19.8

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

bil of dol

Wage and salary disbursements, total

do

Commodity-producing industries
Distributive industries
Service industries
Government

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. _

334 8

T

336 3

r

r

341 1

r

r

345 1

338 5

'340 2

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

7.8

7.8
'51.1
31.0
20.8

7.8
••51.1
31.2
21.6

7.9
'51.2
31.2
21.5

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

7.7
50.2
28.5
19.0

7.7
'50.6
30.7
19.5

7.8
'51.0
30.8
19.7

5.9

6.7

6.7

r

51.1

30.9
20.0

343 2

6.8

6.7

6.8

6.8

324.5

325.3

327.5

329.3

r

r

347 3

'347 2

' 346. 8

'346 2

'343 6

343 6

240.9
103.0
64.5
33.4
40.0

241.7
102.8
64.7
33.7
40.5

241.5
102.2
64.8
33.9
40.6

240.1
101.3
64.3
34.0
40.5

239.5
100.9
64.2
34.1
40.3

238.8
'99.8
'64.4
34.2
'40.4

236.7
97.7
64.6
34.1
40.3

7.9
51.7
31.4
21.3

8.0
'51.7
31.6
21.2

8.0
'51.7
31.6
21.2

8.0
'51.7
31.7
22.1

8.0
'51.2
31.7
22.6

8.0
'50.9
29.7
23.0

7.9
50.8
31.7
23.3

6.9

6.9

6.8

6.8

6.8

6.8

6.8

331.0

330.3

'327.6

327.7

346 3

r

320.7
322.7
Total nonagricultural income
do
331.3
330.5
p
Revised.
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.




319.6

331.3

8-1

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