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SUEVEY OF CURRENT BUSINESS

December 1958

13

Table 2.—Gross National Product or Expenditure, Seasonally Adjusted Quarterly Totals at Annual Rates, 1950-57, and First Three Quarters,
1958
[Billions of dollars]

I
1
9

3
4
5

265.8

_ __

274 4

185.7
26.8
96 2
62.6

Gross national product
Personal consumption expenditures
Durable goods _
Nondurable goods
Services..
_. ._

II

189 9
27.9
97 7
64.3

1952

1951

1950

Line

II

Year

IV

III

II

III

IV

Year

I

317 8

326 4

333 8

338 1

329 0

341 0

341 3

347.0

358.6

347.0

211 5
33.0
110 2
68.3

205.5
28.0
108 1
69.4

208 8
28.5
109 5
70.8

213. 4
28.4
112 7
72.3

209 8
29.5
110 1
70.2

214 6
27.7
113 3
73.6

217.7
29.1
113 9
74.7

219.6
27.5
115.9
76. 2

227.2
32. 1
117.2
77.9

219.8
29. 1
115. 1
75.6

49.9
25.5
12.8
12.7
21.3
3. 1
2.1

IV

Year

I

293 2

304 3

284 6

204 4
35.5
103 3
65.7

200 1
31.2
102 0
66.9

195 0
30.4
99 8
64.9

III

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

39.8
21.6
12.2
9 4
15.7
2 5
2.2

46.9
23 6
13.8
9 8
18.4
4 9
4.2

51.1
25 6
15.4
10 3
20.6
4 9
3.8

61.4
25 3
14.4
10 9
21. 1
15 0
13 8

50.0
24 2
14. 1
10 1
18.9
6 8
6.0

56.9
25 7
14. 1
11 6
20 7
10 5
9 3

61.6
25 0
12.5
12 5
21.3
15 2
14.0

56.3
24 5
11.8
12 7
21.6
10 2
9. 1

51.0
24 5
12. 1
12 4
21.5
4 9
3.8

56.3
24 8
12.5
12 3
21.3
10 2
9. 1

52.2
25 2
12.4
12 8
21.9
5 1
4.0

45.6
25 4
12.7
12 7
22.4
—2 2
-3.3

49.1
25.4
12.8
12.6
19.4
4.3
3.4

52.6
26. 1
13.4
12.7
21.2
5.3
4.7

13
14
15

Net exports of goods and services
Exports
Imports

2.0
12 5
10.5

1.1
12 4
11 3

—.6
13 4
14 0

—.2
14 2
14 4

.6
13 1
12 5

-.2
15 9
16 1

1.7
17 7
16 0

3.9
18 9
15.0

4.2
18 9
14.8

2.4
17 9
15.5

3.1
19 0
15.9

2.8
18 3
15.5

.1
16.0
16.0

16.4
17.1

1.3
17.4
16.1

16
17
18
19
20
21

Government purchases of goods and services
Federal
- __
National defense
Other _
Less* Government sales
State and local
_..
_.

38.4
19.1
12 6
6.6
.l
19.3

36 5
17.2
12 0
5.2
1
19 3

38 2
18.4
14 1
4.4
1
19.8

43 0
22.7
18 3
4.5
2
20.3

39.0
19.3
14 3
5.2
1
19.7

49 5
28.7
24 3
4.5
2
20.9

57.7
36.1
31 2
5. 1
.2
21.6

64.9
42.9
38 1
5.2
.4
21.9

69.5
47.4
41.8
6.0
.4
22.1

60.5
38.8
33.9
5.2
.3
21.7

71.1
48.5
43.0
5.8
.3
22.5

75.2
52.1
46.2
6.2
.3
23.1

78.2
55.0
47.0
8.1
.2
23.2

79.5
55.8
49.3
6.7
.2
23.7

76.0
52.9
46.4
6.7
.3
23.2

I

II

III

1955

1954

1953

Line

Year

IV

I

II

H

IV

III

Year

I

II

III

IV

Year

1

Gross national product

364 5

368 8

367 1

361 0

365 4

360 0

358 9

362 0

370.8

363.1

384 3

393 0

403.4

408.9

397.5

2
3
4
5

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

230 9
33. 2
118 1
79 6

233
33
118
81

234
33
117
82

232
31
117
83

232
32
118
81

233
31
117
84

7
2
9
6

236 5
32.2
118 8
85 5

238
32
119
86

7
3
6
9

243.2
33.9
121 0
88 3

238.0
32.4
119 3
86 3

249.4
38.2
121 2
90 0

254.3
39. 1
123 7
91 6

260.9
41.4
126. 1
93 4

263.3
39.8
128. 1
95 3

256.9
39.6
124.8
92 5

6
8
9
10
11
12

Gross private domestic investment., _
N e w construction
_ _ .
Residential nonfarm
Other
__. .
Producers' durable equipment
Change in business inventories— total
Nonfarm only

52.0
26.9
13 7
13.2
22 5
2.5
3 0

52.9
27 8
14 0
13 8
22 0
3. 1
4 0

51.1
27 7
13 8
14 0
22 6
7
15

45.2
27 9
13 7
14 2
21 9
—4 6
—4 3

50.3
27 6
13 8
13 8
22 3
.4
11

46.6
27 8
13 7
14 1
21 4
—2 6
—2 8

47.2
28 9
14 7
14 2
20 9
—2.7
—3 2

48.8
30 2
15 8
14 4
20 7
—2 1
—2 8

52.3
31.6
17 0
14 6
19 9
.8
2

48.9
29.7
15 4
14.3
20 8
-1.6
—2 1

58.8
33 9
18 5
15 4
20 5
4.4
38

63.1
34 9
18 9
16 0
22 1
6.1
5 7

65.4
35.4
18 9
16.5
24 4
5.7
5 5

67.6
35.4
18 4
17.0
25 4
6.7
6 7

63.8
34.9
18 7
16.2
23 1
5.8
5 5

13
14
15

Net exports of goods and services
Exports
Imports

—.3
16.5
16 7

—. 7
16.5
17 2

— 8
16.7
17 5

.0
16.7
16 7

—.4
16.6
17 0

.3
16.0
15 7

.8
17.9
17. 1

.4
17.3
16 8

2.3
18.7
16.5

1.0
17.5
16 5

1.5
18.7
17 2

.7
18.6
17 9

1.3
20.0
18.7

.9
20.3
19.4

1.1
19.4
18.3

16
17
18
19
20
21

Government purchases of goods and services. .
Federal
National defense
Other
"Less* Government sales
State and local

81.8
57 4
49.8
8 0
4
24 4

83.3
58 9
50.5
8 7
3
24 3

82.7
57 7
49 3
8 7
3
24 9

83.5
57 8
47 6
10 5
3
25 7

82.8
58 0
49.3
9 0
3
24 9

79.4
52 9
44.8
8 4
3
26 5

74.4
47 1
41.5
5 9
3
27 3

74.1
45 9
40.0
6 2
3
28 2

73.0
44 4
38.4
6 2
3
28 7

75.3
47 5
41 2
6 7

74.6
45 1
39 2
6 2
3
29 5

74.9
44 7
38 8
6 2
4
30 2

75.8
45 3
39.2
6 5
4
30 5

77.1
46 1
39. 1
7 4
4
31 0

75.6
45 3
39. 1
6 6
4
30 3

.

. __

3
4
6
2

1
6
8
8

3
2
4
7

6
9
0
8

1956

Line

27 7

1958

1957

I

II

III

IV

Year

I

II

IV

III

Year

i

II

III

IV

1

Gross national product

410 8

414 9

420 5

430 5

419 2

436 3

441 2

445 6

438 9

440 3

425 8

429 0

439 0

2
3
4
5

Personal consumption expenditures
Durable goods
Nondurable goods .. ___
Services

265.2
38.7
129 6
96 9

267 2
37.8
130 9
98 6

269 7
37.5
131 6
100 6

275 4
39.5
133 4
102 5

269
38
131
99

279
40
135
104

282
39
137
105

288
40
140
107

3
4
5
4

287 2
39 6
138 8
108 7

284
39
138
106

4
9
0
5

286
36
139
110

2
3
8
1

288 3
35 6
141 4
111 3

291
36
142
112

68.0
35 2
17 8
17.4
25.9
6 9
7.4

67.7
35 8
17 7
18.1
26 6
5 4
6.2

68.1
35 8
17 6
18.3
27 3
4 9
5.3

68.8
36 2
17 7
18 4
28 2
4 4
4.6

68.2
35 7
17 7
18. 1
27 0
5 4
5.9

65.9
36 1
17 2
18 9
28 7
1i
.6

67.0
36 1
16 5
19 6
28 1
29
2 0

66.7
36 6
16 9
19 7
28 0
2 2
13

61.5
37 1
17 6
19 6
26 7
—2 3
—3 1

65.3
36 5
17 0
19 5
27 9
10
2

49
36
17
19
22
—9
—9

6
3
1
2
9
5
3

49.2
34 9
16 2
18 7
22 3
—8 0
—7 8

53.7
36 3
17 9
18 4
22 3
—5 0
—5 4

.8
20 9
20. 1

2.8
22 5
19.8

3 2
23 6
20 4

4 4
24 8
20 4

2 8
23 0
20 2

5 6
26 4
20 8

6 0
26 6
20 6

4 8
26 0
21 2

33
24 9
21 6

4 9
26 0
21 0

17
21 9
20 2

17
22 4
20 8

17
22 8
21 2

76.8
44.8
39.1
6. 1
.3
32 0

77.2
44.5
39.1
5.7
.4
32 7

79.5
46 1
41.0
5 4
.3
33 4

81.8
47 5
42. 1
5 7
.3
34 4

78.8
45 7
40.3
5 7
.3
33 1

85.0
49 1
43.7
5 8
.4
35 9

85.7
49 7
44.9
51
.3
36 0

85.8
49 7
44.9
5 2
.5
36 1

86.9
49 1
43.9
5 7
.5
37 8

85.7
49 4
44.3
5 5
.4
36 3

88.3
49 7
43.7
6 3
3
38 6

89.7
50 7
44 1
6 9
3
39 1

92.0
52 2
44.5
8 0
3
39 9

. _ _

13
14
15

Gross private domestic investment
New construction
Residential nonfarm
Other
Producers' durable equipment
Change in business inventories— total
Nonfarm only - _
...
Net exports of goods and services
E xports
Imports .
_

16
17
18
19
20
21

Government purchases of goods and services. . _ _ _
Federal
_. _ ...
National defense.
...
__
Other
Less: Government sales ..
_.
State and local

6
7
8
9
10
11
12

.__

Source: U. S. Department of Commerce, Office of Business Economics.




4
4
4
6

8
2
5
1

5
5
1
9

5
1
9
5

Year

SURVEY OF CURRENT BUSINESS

14

December 19;

Table 3.—Gross National Product, Seasonally Adjusted Quarterly Totals at Annual Rates, in Constant Dollars, 1950—57, and First Three
Quarters, 1958
[Billions of 1957 dollars]
1951

1950

Line
I

II

III

IV

Year

II

1952
IV

III

Year

I

II

IV

III

Year

1

Gross national product

326. 7

336 7

351.2

358.6

343.4

361.2

369 0

376 2

376 9

370 7

379 8

379 5

383 2

393 7

384 1

2
3
4
5

Personal consumption expenditures
Durable goods__
Nondurable goods
Services

221.6
30.4
112 2
79.0

225.3
31.2
113 3
80.8

237.2
39.1
116 4
81.7

228
33
112
82

3
7
4
1

228.1
33 6
113 6
80.9

233
34
116
82

8
6
5
7

225 7
29 1
113 5
83.1

228
29
115
84

9
4
3
1

231. 3
29.0
117 2
85.0

229
30
115
83

231
28
117
85

234
29
118
85

235
28
120
86

5
2
4
8

242
33
121
87

2
0
4
8

235 8
29 8
119 6
86 5

52.4
28. 5
15 5
13.0
21. 1
2.8
2.6

60.7
30 6
17 0
13.6
24.5
5 6
5.1

63.8
31 8
18 2
13.6
26.7
5.3
4.4

74.7
31 5
16 9
14 5
26.4
16 8
15.9

63.1
30 8
17 1
13 7
24.6
7 6
7.0

66.8
31 1
16 3
14 8
24.9
30 8
10.0

71.0
29 6
14 2
15 4
25.5
15 9
15.2

65.6
28 9
13 3
15 6
25.8
10 9
10.3

59.3
28 6
13 4
15 2
25.7
5 0
4.5

56.2
29 0
14 0
15 0
23 2
4 0
36

60
29
14
15
25
5
5

3
9
7
2
2
2
0

57
29
14
15
25
2
2

._

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

Net exports of goods and services

14
15
16

Government purchases of goods and services
Federal
State and local
--- ..

9
5
6
7

65.5
29 4
14 2
15 2
25.5
10 7
10.0

4
3
7
5

60.1
29 0
13 6
15 4
26 0
5 0
4 6

3
7
7
9

52.6
29 1
13 9
15 2
26 5
—3 0
—3 6

3
3
1
°
2
8
4

1.9

1.2

-.1

.6

.8

.5

2.5

4.4

4.4

3.0

4.2

3.5

.4

— 6

1 9

50.8
24.3
26 5

49.5
23. 1
26.4

50.3
23.9
26.5

55.1
28 6
26.5

51.4
25.0
26.5

59.9
33 2
26.7

69.8
42 7
27.1

77.3
50. 1
27.2

82.0
54.8
27.1

72.3
45 2
27.0

84.0
56 7
27.3

89.1
61 5
27.6

91.2
63 8
27.4

91.7
63 9
27 8

89 0
61 5
27 5

1954

1953

1955

Line
1

II

III

IV

Year

1

II

III

IV

Year

I

II

III

IV

Year

1

Gross national product

401.2

406.1

402.7

395.9

401.5

391.4

390.0

392.5

400.8

393.9

413.9

422.0

430 5

434 7

425 5

2
3
4
5

Personal consumption expenditures
Durable goods
Nondurable goods
Services
__

246.2
34.6
122.9
88.7

248.5
35.1
123.9
89.5

248.2
35.3
122.9
90. 1

246.3
33.6
122.4
90.3

247.3
34.6
123.0
89.6

245.6
32.6
122. 1
90.9

248.8
33.7
123.4
91.7

251.5
33.9
124.6
93.0

255.9
35.4
126.4
94.1

250.4
33.9
124. 1
92.4

261.7
39.7
126 5
95.6

266.9
40.9
129 3
96.8

273 4
43.4
131 8
98.2

275 4
41.8
134 1
99.5

269 4
41 4
130 4
97.5

6
7
8
9
10
11
12

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

60.1
30.6
15 0
15.6
26.7
2.8
3.4

60.6
31. 1
15 2
16.0
25.7
3.7
4.5

58.3
31.2
14 9
16.3
26.2
.9
1.6

52.2
31.4
J4 8
16.6
25.7
-4.9
—4.7

57.8
31. 1
15 0
16. 1
26. 1
.6
1.2

53.5
31.5
15 1
16.5
24.9
-2.9
-3.0

53.7
32.6
16 3
16.3
24.3
-3.2
-3.6

55.6
34.0
17 4
16.6
24.0
-2.4
-3.0

59.3
35.5
18 6
16.9
23.1
.8
2

55.7
33.5
16 9
16.6
24.1
-1.9
—2.4

66.2
37.7
20 1
17.6
23.5
5.0
4.2

70.4
38 3
20 4
17.9
25.2
7.0
6.3

72.4
38 5
20 0
18.5
27.5
6.5
59

73.9
38 0
19 3
18.7
28 2
7. 7
7 2

70.8
38 2
20 0
18.2
26 1
6. 5
5 9

13

N e t exports o f goods a n d services

-.2

-.5

-.6

.2

o

.5

1.5

1.2

3.0

1.7

2.0

1.1

1.8

1.4

1.7

95.1
66.9
28.3

97.6
69.3
28.2

97.3
67.8
29.5

96.7
68.0
28.7

91.8
61.4
30.3

86.0
55. 1
30.9

84.2
52.6
31.6

82.5
50.7
31.8

86.1
55.0
31.1

84.0
51.2
32.8

83.5
50.2
33.4

82.9
49.6
33.4

84.0
50.4
33.6

83.6
50. 3
33.3

14
15
16

_

_ . _ .

_ _ _

. _. .
._-

Government purchases of goods and services
Federal
State and local
- - - -

96.8
68.0
28.8
1956

1958

1957

Line
I

II

III

IV

Year

i

II

III

IV

Year

I

II

III

1

Gross national product

433. 2

434.1

435. 2

440.9

436. 0

441.6

442.8

442.4

434. 1

440.3

418.0

419. 0

428.3

2

Personal consumption expenditures
Durable goods
Nondurable goods
Services

276. 4
40.6
135. 2
100. 6

27t> 6
39.3
13.x 6
101 7

276 5
38. 5
134. 9
103 1

280 5
40.2
136. 0
104 3

277 5
39.6
135. 4
102 4

282 5
40. 5
136. 8
105 2

283 5
39. 5
137. 6
106 4

287 2
40.3
139. 8
107 1

284.6
39.4
137. 7
107 5

284 4
39. 9
138. 0
106 5

280.7
36.3
136. 8
107. 7

281. 5
35. 5
137.7
108 3

284.7
35.8
139.9
109. 0

73.4
37.4
18 5
18 9
'?8 3

71.7
36. 9
18 0
18 9
°8 5
6 3
6.6

71.5
36. 9
17 7
19 1
28 9
5.8
5. 7

70.9
36 9
17 9
19 0
•19 i
4 9
4. 7

71.8
37 0
18 0
19 0
28 7
6 2
6.2

67.1
36 9
17 3
19 6
9
9 1
11
.6

67.0
36.0
16 5
19 5
28 2
2 8
1.9

65.9
36.3
16 8
19 5
27 8
18
.9

61.1
36.7
17 5
19 2
26 3
— 1.9
-2.7

65.3
36. 5
17 0
19 5
27 9
10

49.4
35. 7
17 0
18 7
°2 4
—8. 7
— 8.8

48.5
34.2
16 2
18 0
21 8
—7 5
-7.6

52.7
35.7
17 8
17 9
21 8
—4.8
-5.2

'
84.6
49 3
35 2

4
6
8
9
10
11
12

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

13

Net exports of goods and services

14
15
16

Government purchases of goods and services
Federal
State and local

7. 7
1.0

3.3

3.7

82.3
48 1
34. 2

82.6
48 0
34.5

83.5
48 9
34.6

Source: U. S. Department of Commerce, Office of Business Economics.




,,

3.4

5 7

6.2

4.7

3.0

4.9

1.1

1.1

1.3

83.2
48 (i
34. 7

86.3
50 2
36 1

86.1
50 2
35 9

84.6
48 9
35.7

85.4
48 3
37. 1

85.7
49 4
36.3

86.7
48 9
37.8

87.8
49 9
38.0

89.6
50 9
38.7

IV

Year

SURVEY OF CURRENT BUSINESS

December 1958

15

Table 4.—Implicit Price Deflators for Seasonally Adjusted Quarterly Gross National Product or Expenditure, 1950—57. and First Three
Quarters, 1958
[Index Numbers 1957=100]
1951

1950

1952

Line

I
1
2
3
4
5

Gross private domestic investment.
New construction
Residential nonf arm
Other
Producers' durable equipment
Change in business inventories

12

Government purchases of goods and services
Federal
_-_
.-__ - __State and local
.
. ___ _

83.5

84.9

84.3
89.3
86 2
79.6

86.2
90.7
88.7
80.4

87.7
92.6
90.7
81.5

75.9
79.0
72.2
74.5

77.1
81.3
71 9
75.2

80.5
84.4
75.3
77.1

73.8
74.5
73.1

75.9
77.1
74.7

I

II

III

IV

88.8

89.8

89.9

90.5

91.1

90.3

91.3
96.5
95.2
83.8

92.7
98.1
96 3
86.1

92.9
98.0
96 0
86.9

93 3
97.3
96 2
87.8

93.8
97.2
96 6
88.7

93.2
97.6
96.3
87.4

85 9
90.5
81 8
83.8

84 4
88.5
80 6
83.6

86 8
91.2
82 9
84.2

87 3
91. 1
83 8
84.5

87 4
91.3
83 8
84 0

87 2
90.9
83 6
84.1

87 2
91.1
83.5
84.2

84.9
86.4
81.7

83.7
85.7
80.2

84.6
85.6
82.6

84.4
84.7
83 6

85.8
86.2
84 9

86.7
87.3
85 3

85.4
85.9
84.3

I

II

III

IV

82.9

88.0

88.5

88 7

89.7

85.5
90.3
87.9
80.2

90.5
95.5
94.6
82.6

91.0
96.2
95.2
83.5

91.2
96.9
95.0
84.1

92,3
97.7
96.1
85.1

80.4
84.9
75 2
79.9

78.6
82.5
73.7
76.8

82.7
86.8
78 3
83.1

84.5
88.3
81.0
83.7

84.8
88.9
81.2
83.7

78.2
79.5
76.7

75.9
77.5
74.3

82.6
86.2
78.2

82.6
84.5
79.6

83.9
85.6
80.6

Year

Year

Year

Net exports of goods and services

13
14
15

81.5

75.5
78.3
72.9

_

6
7
8
9
10
11

IV

83.8
88.3
85.8
79.2

.

III

81.4

Gross national product
Personal consumption expenditures _
Durable goods
_
Nondurable goods
Services _ _
_

II

.
__ _ _ _

1954

1953

1955

Line

I

II

III

IV

Year

I

II

III

IV

Year

I

II

III

IV

Year

1

Gross national product. _

90.8

90.8

91.2

91.2

91.0

92.0

92.0

92.2

92.5

92.2

92.8

93.1

93.7

94.1

93.4

2
3
4
5

Personal consumption expenditures
Durable goods
Nondurable goods
Services

93.8
96.0
96. 1
89.8

93.9
95.3
95 7
90.7

94.3
95.3
95.9
91.8

94.3
93.0
95.9
92.7

94.1
94.9
95.9
91.3

95.1
95.6
96 6
93.0

95.1
95.6
96 3
93.2

94.9
95.2
96 0
93.4

95.0
95.6
95 7
93.8

95.0
95.5
96 2
93.4

95 3
96.5
95 8
94. 1

95 3
95.6
95 6
94. 6

95
95
95
95

95
95
95
95

6
2
6
8

95 4
95.6
95 7
94.9

6
7
8
9
10
11

Gross private domestic investment
New construction
Residential nonf arm
Other
Producers' durable equipment
Change in business inventories

87.9
91 4
84 5
84.4

89.1
92 0
86 4
85.7

89.0
92 5
85 8
86.4

88.8
92 0
85 8
85. 5

88.7
92 0
85 6
85.5

88.4
91 3
85 7
86.2

88.6
90 2
87 1
86.4

88.7
90 7
86 7
86.4

89 1
91 1
86 8
86.4

88 7
90 8
86 6
86.4

89 8
91 8
87 6
87.3

91 2
93 0
89 2
87.9

92 0
94 2
89 6
88.7

93 2
95 3
91 0
90.1

91 6
93 6
89 4
88.6

12

Net exports of goods and services

13
14
15

Government purchases of goods and services
Federal
State and local

86.0
85.8
86.5

85.4
85.0
86.3

85.4
84.9
86.7

85.9
85.3
87.2

85.7
85.2
86.7

86.5
86 1
87. ')

86.5
85.4
88.4

88.0
87 2
89.3

88.5
87 5
90. 1

87.4
86 5
89.0

88.9
88 1
90 1

89.6
89 1
90 4

91.4
91 4
91 5

91.8
91 5
92 4

90.4
90 0
91 1

__. ._

1956

1957

1958

Line

I
1

IV

Year

I

II

III

IV

Year

I

II

III

_ __

94.8

95.6

96.6

97.6

96.2

98.8

99.6

100.7

101.1

100.0

101.9

102.4

102 5

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

96.0
95.3
95 9
96.3

96.6
96. 1
96 6
96.9

97.6
97.3
97.6
97.6

98.2
98.4
98 1
98.2

97.1
96.8
97 0
97.3

99.0
99.1
99 0
99.0

99.7
100.0
99.6
99.6

100.4
100 2
100 5
100.3

100.9
100 6
100 8
101.2

100.0
100 0
100 0
100 0

101.9
100 1
102 2
102 2

102.4
100 5
102 6
102 8

102.4
100 9
102 2
103 1

6

Gross private domestic investment
_ _ __ _
New construction
Residential nonfarm __ _ _ _ _ . _
Other
Producers' durable equipment _
Change in business inventories _. .. _ _ _ _

94. 1
96.2
92 0
91.5

97.0
98.3
95 7
93.4

97.3
99.0
95 6
94.6

98.0
99.2
97 0
96.9

96.6
98.2
95 1
94.1

97 9
99.1
96 9
98.6

100 2
99.9
100 4
99.6

100 8
100.7
100 9
100 4

101 2
100.5
101 8
101 4

100
100
100
100

101
100
102
101

7
9
3
9

101 9
100 1
103 6
102 5

101 6
100 6
10° 5
102 7

93.3
93 2
93.4

93.5
92 6
94.7

95.3
94 4
96.4

96.8
96 2
97.6

94.7
94 1
95.6

98.5
97 8
99 4

99.5
99 0
100 3

101.4
101 5
101 1

101.8
101 6
102 0

100.0
100 0
100 0

101.8
101 5
102 2

102.2
101 6
102. 9

102 7
102 5
103 1

7
8

9
10
11

_ _ „ ___

III

2

3
4
5

Gross national product _ _

II

4
4
7
1

0
0
0
0

12 i Net exports of goods and services .
13
14
15

Government purchases of goods and services
Federal
State and local
_ -_ -

Source: II. S. Department of Commerce, Office of Business Economics.




(Text continued on page 24)

III

Year

BUSINESS STATISTICS
X 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. Data from private sources are provided
through the courtesy of the compilers, and are subject to their copyrights.
[Averages for the year 1957 are provided in the May 1958 issue of the SURVEY]
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS

1958

1957
October Novem- December
ber

January

February

March

April

May

June

July

August

September

October November

GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates: f
National income, total
_
_ _ _ bil. ofdol

361 5

350.6

352.4

do
do
do __
do
do
do

254 8
238 0
197.4
9 5
31 1
16 8

250 9
234 4
192.7
9.4
32 3
16.5

250 7
234.2
191.8
9.6
32 8
16. 4

255 3
238 4
195.0
10.0
33 4
16 9

Proprietors' and rental income, totaled
do _ _ _
Business and professionalc?
do
Farm
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment, total
bil. of dol
Corporate profits before tax, total
_ _ d o ._
Corporate profits tax liability
do
Corporate profits after tax
do
Inventory valuation adjustment
_do

55.0
31 3
11 5
12 2

55.3
30 6
12 6
12 1

56.2
30 7
13 4
12 1

56.6
31 1
13 3
12 2

38 8
39.9
19 9
20 0
— 1. 1

31.3
31.7
16 1
15 5
—.3

32.5
32.0
16.3
15 7
.5

2

do

12 9

13 0

13 1

13 2

_ do

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

Net interest
Gross national product, total

438.9

425.8

429.0

439.0

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

287 2
39 6
138.8
108 7

286 2
36 3
139.8
110. 1

288 3
35 6
141.4
111 3

291 5
36 1
142.9
112 5

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

61 5
37 1
26. 7
—2 3

49 6
36 3
22.9
—9 5

49 2
34 9
22.3
—8 0

53
36
22
—5

do
do
do _
do

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 _ _
Personal saving §

7
3
3
0

19

5

5

88.3
50 5
46.0
37 8

89.5
50 9
45.6
38 6

90.9
51 9
46.0
39 1

93
53
46
39

5

do
_ do
do

349 7
43.0
306 8

347 3
42.3
305 0

349 8
42.3
307.5

357 5
43.5
314 0

_ _ _do

19.6

18.8

19.2

22.5

3
4
6
9

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

bil of dol

1
1

S54. %
358 8

356 1

357 8

235 8
96.6
63.3
33 6
42.4

' 242. 2
97.1
63.5
33 7
i 48.0

238 5
97.7
63 6
33 8
43.4

239.4
98 4
63 6
33 9
43 5

8.9
56 5
31.7
26.4

8.9
56 2
31 8
26.0

9.0
56 3
31.8
26.5

9.1
56 6
31 9
26.8

9
57
31
27

6.7

6.7

7.0

6.8

350 6

350 2

348 4

348 2

346 4

347 1

348 1

349 9

352 0

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

238 6

101.5
63.5
32 9
40.7

238 0
101.0
63.6
32 9
40.5

237 3
99.8
63.7
33 2
40.6

235 1
97.9
63.5
33 1
40.7

233 2
95.6
63 4
33 2
41.0

232 6
95.3
62.9
33 3
41. 1

232.0
95.0
62.4
33 4
41.2

233. 1
95.6
62.6
33 4
41.5

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. of dol. _

9.2
55 1
31.8
22.6

9.2
54 8
31.8
23.0

9.2
55 2
30.0
23.3

9.1
55 1
31.8
23.9

9.0
55 3
31.8
23.8

8.9
55 7
31 7
24.8

8.9
56 1
31.7
26.1

6.6

6.6

6.6

6.7

6.7

6.6

6.6

2
0
9
0

6.8

357 5
r

360 0

239 0
'97. 7
63.7
33 9
r
43. 7

241 5
99.8
64 0
34 i
43 6

9.2
57 3
31 9
26.9

9 3
57 4
31 9
26.7

'6.8

6.8

r
r

Total nonagricultural income
do
335.2
335.7
333.0
332.5
330.1
330.5
331.0
332.4
335.1 i 342. 0
339.2
343.2
34C.9
' 340. 7
«• Revised.
1 Italicized total excludes and other footnoted figures include lump-sum retroactive salary payments to Federal employees; disbursements of $380 million multiplied by 12 (to
put on annual rate basis) amounted to $4.6 billion.
t^evised series. Estimates of national income and product and personal income have been revised back to 1946; revisions beginning
1946 appear on pp. 12 ff. of the July 1958 SURVEY.
^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.

S-l
490032°—58-




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