The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
SURVEY OF CURRENT BUSINESS 6 May 1957 Table 1.—Gross National Product, National Income, and Related Series, 1955, 1956, and First Quarter 1957 [Billions of dollars] Unadjusted 1955 Seasonally adjusted at annual rates 1956 1956 1957 1955 I II III IV I I 110.3 104.0 1956 II III IV I II 1957 III IV I GROSS NATIONAL PRODUCT OR EXPENDITURE Gross national product _ __ Personal consumption expenditures Durable goods Nondurable goods Services _- _ _ Gross private domestic investment New construction Residential nonf arm _ __ _ Other Producers' durable equipment _ . Change in business inventories, total Nonfarm only _ _ Net foreign investment __ _ ___ ... _ _ _ _ ______ _____ -_ Government purchases of goods and services Federal National security National defense Other national security Other Less* Government sales State and local - 390.9 412.4 98.4 100.9 102.6 377.3 387.4 396. 8 401.9 403.4 408.3 413. 8 423. 8 427.1 254.0 35.7 126.2 92.1 265.7 34.0 132. 9 98.9 62.5 7.8 30.4 24.3 65.5 8.5 32.2 24.7 65.3 7.9 32.6 24.8 72.6 9.7 37.7 25.1 65.3 8.0 31.4 25.9 246.7 34.7 122.5 89.5 251.8 35.3 125.3 91.2 257.8 37.2 127.6 92.9 259.5 35.4 129.2 94.9 261.7 34.8 130. 5 96.4 263.7 33.4 132.3 98.0 266.8 33.0 134.0 99.7 270.9 34.8 134.7 101.4 275.0 35.9 136.4 102. 7 60.6 32.7 16.6 16.1 23.7 4.2 3.8 65.4 33.2 15.3 17.8 28.7 3.5 3.8 17.0 7.1 3.2 3.9 6.5 3.5 3.5 15.2 8.4 4.0 4.4 7.3 -.5 -.4 17.1 9.2 4.3 4.9 7.2 .6 .7 16.1 8.5 3.9 4.6 7.6 .0 .0 17.1 7.1 3.0 4.1 7.9 2.2 2.3 54.7 31.5 16.1 15.3 21.3 1.9 1.4 60.2 32.9 16.9 16.0 22.4 4.9 4.5 62.3 33.5 17.2 16.4 25.0 3.7 3.4 65.1 33.0 16.2 16.8 25.9 6.1 5.9 63.1 32.6 15.3 17.3 26.4 4.1 4.2 64.7 33.6 15.6 18.0 27.5 3.5 3.9 65.1 33.6 15.5 18.1 29.5 2.0 2.4 68.5 32.9 14.9 18.0 31.5 4.1 4.4. 63. 3 32.5 14.2 18.2 32.0 -1.2 q -.5 1.4 .0 .3 „ 1.0 1.0 -.4 —.9 2 — 8 .1 12 17 2 4 4 0 76.8 46.7 41.2 39.1 2 2 59 .4 30.1 79.8 47.0 41.6 39.6 2 0 58 .4 32.8 19.0 11.6 10.1 9.6 5 16 .1 7.4 19.9 11.5 10.2 9.7 5 1.5 .1 8.4 20.3 11.8 10.5 10.0 5 1.4 .1 8.5 20.6 12.1 10.8 10.3 .5 1.4 .1 8.6 20.5 12.5 11.2 10.7 .5 1.3 .1 8.1 76.3 46.8 41.8 39.2 2.6 5.4 .4 29.5 76.2 46.3 41.3 39.1 2.2 5.5 .4 29.9 76.5 46.6 41.3 39.4 1.9 5.8 .4 29.9 78.1 47.2 40.6 38.7 1.9 7.1 .5 30.9 78.5 46.4 40.5 38.6 1.9 6.3 .4 32.1 78.7 46.1 40.7 38.7 2.0 5.8 .4 32.6 80.2 47.2 41.9 39.9 2.0 5.7 .4 33.0 82.0 48.3 43.2 41.3 20 5.5 .4 33.7 84.9 49.8 45.0 42.9 2. 1 5.3 .4 35.0 NATIONAL INCOME BY DISTRIBUTIVE SHARES 324.0 342.7 82.9 84.9 86.0 88.9 311.3 321.9 328.3 334.4 334.9 338.7 343.5 353.0 _ _ 223. 2 210.4 174 5 9.8 26 1 12.8 239. 1 225.1 187 5 9.5 28 1 14.0 57.7 54.1 44.7 2.4 7 0 3.6 59.1 55. 5 46.1 2.4 70 3.6 60.2 56.8 47.8 2.4 6 6 3.5 62.1 58.7 48.9 2.4 7 5 3.4 61.5 57.5 47.6 2.4 7 6 4.0 213.9 201. 6 166. 7 9.7 25 3 12.2 221.6 209. 0 172.9 10.0 26.1 12.6 226.8 213.6 177.5 9.8 26.4 13.2 230.3 217.0 180. 5 9.7 26.8 13.3 233. 0 219.4 182.5 9.6 27.3 13.6 237.2 223. 5 186.2 9.5 27.8 13.8 240.4 226. 2 188.3 9.5 28.5 14.2 245.5 231.1 192.9 9.5 28.7 14.4 248.7 233. 6 194.7 9.4 29.4 15. 1 49.1 27.3 11.7 10.1 50.5 29.1 11. 6 9.7 12.4 7.0 2.9 2.4 12.5 7.2 2.8 2.4 12.7 7.4 2.9 2.4 12.9 7.5 3.0 2.4 12.9 7.5 2.9 2.4 48.6 26.5 11.8 10.3 49.5 27.1 12.2 10.2 49.0 27.7 11.3 10.0 49.3 28.0 11.4 9.8 49.5 28.2 11.5 9.8 49.9 28.9 11.3 9.7 50.7 29. 5 11.6 9.7 51.7 29.9 12. 1 9.7 51.5 30. 1 11.7 9.7 40.9 42.7 21.5 21.1 —1 7 41.2 43.7 22.1 21. 7 —2 5 10.0 10.8 5.4 5.3 -.8 10.4 11.1 5.6 5.5 10.1 10.5 5.3 5.2 —.3 10.7 11.4 5.8 5.7 —.7 38.5 39.7 20.0 19.7 -1.2 40.2 41.1 20.7 20.3 -.9 41.6 43.5 22.0 21.5 -1.9 43.4 46.4 23.4 23.0 -3.0 40.9 43.7 22.1 21.6 -2.8 39.8 42.9 21.7 21.3 -3.1 40.4 41.2 20.8 20.4 -.8 43.4 46. 7 23.6 23.1 -3.3 -2.6 10.8 11.9 2.9 2.9 3.0 3.1 3.2 10,4 10.6 11.0 11.3 11.5 11.7 12.0 12.4 12.6 33.9 35.9 9.0 9.0 8.5 9.4 9.5 32.9 33.9 34.3 34.6 35.0 35.5 36.3 36.6 37.4 306.1 National income Compensation of employees \Vages and salaries Private IV1 ilitary Government civilian Supplements to wages and salaries Proprietors' and rental income 2 Business and professional Farm Rental income of persons - Corporate profits and inventory valuation adjustment Corporate profits before tax Corporate profits tax liability Corporate profits after tax Inventory valuation adjustment Net interest -- -- Addendum: Compensation of general government employees DISPOSITION OF PERSONAL INCOME 325. 2 78.3 80.2 81.8 84.9 82.8 295.1 303,8 309.6 314. 6 317. 5 322.9 327.0 333. 2 336. 5 Ivors' Personal tax and nontax payments Federal _ _ _ _ _ _ _ __ _ State and local -- 35.5 31.3 4.2 38.5 33.9 4.6 10.2 9.0 1.2 10.4 9.1 1.3 9.6 8.5 1.0 8.4 7.3 1.0 11.2 9.8 1.3 34.5 30.4 4.1 35.3 31.2 4.1 35.9 31.7 36.3 32.0 37.3 32.9 38.1 33.6 38.8 34.1 39.9 35.1 4.8 41.0 36.1 4.9 Equals* Disposable personal income - 270.6 286.7 68.1 69.9 72.2 76.5 71.6 260.6 268.5 273.8 278.4 280.2 284.9 288.2 293.3 295.4 254.0 265.7 62.5 65.5 65.3 72.6 65.3 246.7 251.8 257.8 259.5 261.7 263.7 266.8 270.9 275.0 16.6 20.9 5.6 4.4 7.0 3.9 6.3 13.9 16.7 15.9 18.8 18.6 21.2 21.4 22.4 20.4 390.9 412.4 98.4 100.9 102.6 110.3 104.0 377.3 387. 4 396.8 401.9 403.4 408.3 413.8 423.8 427.1 31.3 32.5 34.0 34.6 8.2 8.2 8.4 8.5 8.6 8.8 8.9 9.1 9.0 8.7 30.3 31.4 31.1 32.4 31.7 32.8 32.2 33.4 32.9 33.7 33.6 34.1 34.4 35.1 1.8 .3 .6 .9 -1.0 .2 -1.1 .2 -.9 .2 3.5 .4 3.0 .2 1.2 .7 2.7 .1 .6 .2 1.1 .7 1.1 .7 .2 .9 35.1 35.6 1.4 .0 1.4 35.8 36.1 1.4 324.0 342.7 82.9 84.9 86.0 88.9 311.3 321.9 328.3 334.4 334.9 338.7 343.5 353.0 40.9 11.1 .0 16.1 5.2 11.2 1.4 41.2 12.5 .0 17.3 5.5 12.0 1.4 10.0 3.4 .0 4.3 1.2 2.9 .4 10.4 3.4 .0 4.4 1.6 2.8 .4 10.1 2.9 .0 4.2 1.4 2.8 .4 10.7 _ _ _ _ _ _ _ 2.8 .0 .0 4.4 4.8 1.3 1.3 3.5 3.0 .4 .4 38.5 10.6 .1 15.9 5.2 10.4 1.4 40.2 10.9 .5 16.2 5.2 10.7 1.4 41.6 11.3 -.6 16.0 5.2 11.0 1.4 43.4 11.4 .0 16.3 5.3 12.1 1.4 40.9 12.1 .0 16.9 5.4 11.8 1.4 306.1 325. 2 78.3 80.2 81.8 84.9 295.1 303. 8 309.6 314.6 317. 5 Personal income Less* Personal consumption expenditures Equals: Personal saving __ RELATION OF GROSS NATIONAL PRODUCT, NATIONAL INCOME, AND PERSONAL INCOME Gross national product L/ess' Capital consumption allowances Indirect business tax and nontax Habilitv ... Business transfer payments ._. Statistical discrepancy Plus' Subsidies less current surplus of government enterprises Equals * National income Less' Corporate profits and inventory valuation adjustment Contributions for social insurance Excess of wage accruals over disbursements Plus' Government transfer payments ^set interest paid by government Dividends Business transfer payments . Equals* Personal income -- _ 1. This table reflects changes stemming from inclusion of fourth-quarter corporate profits estimates for 1956. Source: U. S. Department of Commerce, Office of Business Economics. .3" 82.8 2. Includes noncorporate inventory valuation adjustment. 39.8 40.4 12.3 12.7 .0 .0 17.2 17.3 5.5 5.6 12.2 i 12.3 1.4 1.4 322.9 327.0 1.1 43.4 13.0 ~~14.~4 .0 .0 18.5 17.6 5.8 5.7 12.3 11.9 1.4 1.4 333.2 336.5 p BUSINESS STATISTICS J_ HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1955 Statistical Supplement to the SUKVEY OK 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 (t), 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 19 56 March April May Tune July IS 57 August Septem- October Novem- December ber ber January February March April GENERAL BUSINESS INDICATORS NATIONAL INCOME AND PRODUCT Seasonally adjusted quarterly totals at annual rates :f National income, total bil of do] 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, totalcf do Business and professionalo71 do Farm do Rental income of persons _ do Corporate profits and inventory valuation adjustment total bil of do] Cor})orate profits before tax, total do Corporate profits tax liability do Corporate profits after tax do Net interest 334.9 338.7 343.5 353.0 233.0 219 4 182.5 96 27.3 13 6 237.2 223 5 186. 2 9 5 27.8 13 8 240.4 226.2 188.3 9 5 28.5 14 2 245.5 231. 1 192.9 9.5 28.7 14.4 248.7 233 6 194.7 9 4 29.4 15 1 49.5 28 2 11.5 49.9 28 9 11.3 50 7 29.5 11 6 51. 7 29 9 12.1 9.7 51.5 30 1 11.7 9.7 —2 6 12.6 9.7 9.8 9.7 39.8 42.9 21. 7 21.3 —3 1 11. 7 40 41 20 20 do 40 9 43 7 22.1 21.6 28 11.5 12 0 43 4 46.7 23 6 23.1 33 12.4 4 2 8 4 g do 403.4 408 3 413 8 423 8 427.1 Personal consumption expenditures, total Durable goods Nondurable goods Services do do do do 261.7 34 8 130. 5 96 4 263. 7 33.4 J32. 3 98.0 266. 8 33.0 134.0 99 7 270.9 34.8 134.7 101.4 275.0 35.9 136.4 102.7 Gross private domestic investment, total New construction Producers' durable equipment Change in business inventories do do do do 63.1 32.6 26.4 64 7 33.6 27.5 4.1 3.5 65 1 33 6 29.5 20 68 5 32 9 31.5 4 1 63.3 32.5 32.0 — 1.2 Gross national product total Net foreign investment do Government purchases of goods and services, total bil ofdol Federal (less Government sales) do National security 9 do State and local do .I 1.2 2.4 4.0 78 5 46 4 40 5 32.1 78 7 46. 1 40 7 32.6 80 47 41 33 2 2 9 0 82.0 48 3 43.2 33 7 84.9 49.8 45.0 35.0 17 Personal income, total I^ess" Personal tax and nontax payments Equals' Disposable personal income do do do 317.5 37 3 280.2 322.9 38 1 284.9 327 0 38 8 288.2 333 2 39 9 293. 3 336.5 41.0 295.4 Personal saving§ do 18 6 21 2 21 4 22.4 20.4 bil. ofdol-. PERSONAL INCOME. BY SOURCE Seasonally adjusted, at annual rates:| Total personal income 318.6 321.7 322.8 324. 9 324.3 328.1 329.5 332.5 333.5 334.0 335. 0 336.6 ' 338. 1 339. 3 do do - do _.do._do 220.3 95.1 58.4 29.6 37.2 222.9 96.8 59.1 29.8 37.2 223.2 96.8 59.1 30.0 37.3 225. 2 97. 5 59. 9 30. 2 37.6 224.0 95.9 59.9 30.4 37.8 227.1 98.3 60.3 30.6 37.9 228.5 99.1 60.5 30.8 38. 1 229.7 100.6 60. 2 30.9 38.0 231.0 101.1 60.6 31.1 38.2 232.9 102.3 60.9 31.3 38.4 232. 7 101. 2 61.5 31.3 38.7 233.7 101.9 61.5 31.4 38.9 r 234. 5 ' 102. 0 '62.0 31.5 39.0 235. 0 102. 3 61. 9 31.7 39. 1 Other labor income - _ do Proprietors' and rental income _ - . .. do-_Personal interest income and dividends do Transfer payments _ --. -- -- . - _ . d o Less personal contributions for social insurance bil. ofdol- _ 7.2 49.5 28.8 18.5 7.2 49.7 29.1 18.6 7.2 50.1 29.4 18.7 7.3 50. 0 29. 6 18.6 7.3 50.5 29.7 18.6 7.3 51. 0 29.8 18.8 7.3 50. 9 30.0 18.7 7.4 52.3 30.2 18.9 7.4 51.7 30.3 19.1 7.4 51. 2 29.2 19.3 7.5 51.6 30.6 19. 6 7.5 51.5 30.7 19.9 7.5 '51.6 30.9 '20.3 7.5 51. 5 31.1 20.9 5. 7 5.8 5.8 5.8 5.8 5.9 5.9 6.0 6.0 6.0 6.7 6.7 6.7 6.7 Wage and salary disbursements, total Commodity-producing industries Distributive industries .. - - - - Service industries Goveniment _ 324. 0 309. 4 312. 8 314. 4 317. 9 318. 8 319.7 321.3 ' 322. 7 304.0 307. 6 316. 3 306. 8 310.3 Total nonogricultural income __ do 'Revised, t Revised series. Estimates of national income and product a nd persorlal incornt have bee n revised back to 1 952 (see p p. 7 ft*, of the July J 956 SURV EY); for d ita prior t o 1952, se 3 the 1954 NATIONAL INCOME SUPPLEMENT or the 1955 edition of \ BUSINESS STATISTIC 3. cf Includes inventory valuation adjustment. 9G overnmeiit sales ar 3 not dediicted. ^Personal saving is excess of disposable income over personal consumpt ion expen ditures sh own as a componei t of gross national iproduct a Dove. S-l 425052°—57-