Full text of The National Income and Product Account : Corrected Fourth Quarter 1959

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BUSINESS STATISTICS
i HE STATISTICS here are a continuation of the data published in the 1959 edition of BUSINESS STATISTICS, biennial Statistical Supplement
to the SURVEY OF CURRENT BUSINESS. That volume (price $2,25) contains monthly (or quarterly) data for the years 1955 through 1958 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 1955. Series added or significantly revised since publication of the 1959 BUSINESS STATISTICS are indicated by an asterisk (*) and a
dagger ( f ) , respectively; certain revisions for 1958 issued too late for inclusion in the aforementioned volume appear in the monthly SURVEY
Beginning with the July 1959 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.
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

1959
January

February

March

April

May

June

I960
July

Novem- DecemAugust SeptemOctober
ber
ber
ber

January

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

389 4

403 9

398 2

209
250
206
9
34
19

9
9
2
8
8
0

278 9
259 4
214 0
9 8
35.6
19 6

279
259
213
9
36
19

Proprietors' income, total cf
- - - --.do Business and professional cf
_ -.
do
Farm _
_
_
_-_doRental income of persons
___
do
Corporate profits and inventory valuation adjustment total
bil of dol
Corporate profits before tax, total
do
Corporate n^ofits tax liability
_ -do _ _
Corporate profits after tax
do
Inventory valuation adjustment do

46.9
33.7
13.2
12.0
45 5
46. 5
22.6
23 8

Net interest

do

15 1

15 4

15 8

16 1

do

470 4

484 8

478 6

483 5

do
do
do
do

303.9
41.3
145.3
117 4

311. 2
44.1
147.7
119 4

313 3
43 6
148 0
121 6

317.0
42.8
150. 1
124 1

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

70.0
39.7
23.9

77.7
41.0
26.0
10.7

67.0
41 0
27 0
— 1.0

69.7
39.2
27.5

Net exports of goods and services
_ _ _ do
Exports
_ _ _ _ _ __
do
Imports
_
do
Government purchases of goods and services, total
bil. of dol. .
Federal (less Government sales)
do
National defense 9
_ ..
do_ _
State and local
_ - _ do

-.9
21.5
22.4

-1.8
22 1
23.9

.0

-.6

97.4
53. 8
45. 8
43.6

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

Gross national product, total
Personal consumption expenditures, total
Durable goods
_ _ _
Nondurable goods
_ __
Services

Personal income, total
Less' Personal tax and nontax payments
Equals' Disposable personal income _

_

Personal saving §

do
do
do_
do
_do
do

do
do
do
do - .

-.9

6.3

3
5
5
8
3
8

281 6
261 5
214 8
9 8
36. 9
20 0

46.6
34.5
12.1
12.0

45. 1
34 8
10.3
12 0

46. 7
35. 1
11.6
12-0

51 0
52. 6
25.6
27.0
-1.6

46 0
46 4
22.6
23 8
— 3

3.0

24. 1
24 1

23.4
24. 1

97.7
53 9
46.2
43.8

98
53
45
44

4
6
9
8

97.4
52 7
45.3
44.7

371.8
44 4
327.4

381. 1
45 8
335.3

381 0
45 9
335 i

386 8
46 1
340.8

23.5

24 1

21 9

23 7

420.7

432.1

424. 3

c

282.3
38.8
137 3
106.2

288.3
41 2
139 7
107.4

288.
40
139
108

c

GNP in constant (1954) dollars
Gross national product, total

bil. of doL

Personal consumption, expenditures, total. _ _ do
Durable goods
do
Nondurable goods
do
Services
_ _ _ _ _ _ _ do

8
6
4
8

426. 8

291. 1
c 40 2
c 140 7
110 2

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

do
do
do
do

59.8
34.3
19.8
5 7

66.0
35 1
21 3
9 5

56 4
34 9
22 1

Net exports of goods and services

do

-2 7

—3 5

19

2 2

81.3
44.9
36.4

81.4
45.0
36.4

81.0
44 1
36. 9

79.1
42 7
36.3

Government purchases of goods and services, total
bil. of doL _
Federal
__
-do ...
State and local
do

6

58
33
22
2

8
3
7
8

r

c
Revised.
Corrected.
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.




S-l

February