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SURVEY OF CURRENT BUSINESS 6 May 195$ Table 1.—Gross National Product, National Income, and Personal Income, 1956,1957, and First Quarter 1958 [Billions of dollars! Seasonally adjusted at annual rates Unadjusted 1956 I 1956 1958 1957 1957 II III IV I I II 1957 III IV I II 19S& III IV 1 GROSS NATIONAL PRODUCT OR EXPENDITURE Gross national product - - Personal consumption expenditures Durable goods Nondurable goods Services 414.7 434.4 104.2 108.1 108.7 113.3 102.2 405.2 410.8 416.7 426.0 429.9 435.5 440.0 432. 6 422L& 267.2 280.4 65.8 69.7 69.3 75.6 67.2 262.8 265.0 268.6 272,3 276.7 278.9 283.6 282.4 28L_ 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 7.0 32.8 27.4 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 14ft 8 107.2 SL5 141.5 108.2 65.9 64.4 16.7 15.7 16.9 14.9 13.5 64.4 65.3 65.5 68.5 63.6 66.2 66.5 6L3 51.8 New construction Residential nonf arm Other — 33.3 15.3 18.0 33.2 14.2 19.0 7.1 2.9 4.2 8.2 3.6 4.7 9.1 4.0 5.2 8.7 3.7 5.0 7.2 2.9 4.3 32.9 15.7 17.3 33.6 15.5 18.1 33.2 15.1 18.1 33.4 15.1 18.4 32.8 14.4 18.5 32.7 13.7 19.0 33.0 14.0 19.0 34.0 14.5 19.5 33.3 14.3 19.0 Producers' durable equipment. . 28.1 30.4 7.5 8.0 7.4 7.4 6.8 26.3 27.2 29.0 29.9 30.7 30.5 30.5 30.0 27.5 4.6 5.0 .8 .2 2.2 2.1 -.6 -.7 .4 .2 -1.2 -1.4 -.5 -.4 5.2 5.4 .0 -.3 2.9 2.2 3.0 2.3 -2.7 -3.4 -9.0 -8.8 Gross private domestic investment 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 State and local ... 4.6 5.0 3.3 3.9 5.1 5.7 1.4 3.2 1.0 .9 .4 .9 .4 -.2 1.2 2.0 2.4 4.1 3.5 3.2 2.0 1.5 80.2 86.4 20.7 21.8 22.0 21.8 21.1 78.2 79.3 80.6 82.8 85.6 86.9 86.7 87.0 87.5 47.2 50.4 12.6 12.8 12.7 12.4 12.4 46.2 46.4 47.3 49.0 50.3 51.1 50.6 49.7 49.5 42.4 45.7 11.4 11.6 11.5 11.3 11.2 41.1 41.6 42.7 44.2 45.5 46.3 45.8 45.0 44.8 40.4 2.0 43.7 2.0 10.9 .5 11.1 .5 11.0 .5 10.8 .5 10.7 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 42.9 1.9 5.2 5.2 1.3 1.3 1.3 1.3 1.3 5.5 5.2 4.9 5.1 5.2 5.2 5.2 5.0 5.1 .4 .4 .1 .1 .1 33.0 36.0 8.1 9.1 9.4 9.4 8.7 32.0 32.9 33.3 33.9 35.3 35.8 36.1 37.3 38.0 r NATIONAL INCOME BY DISTRIBUTIVE SHARES 343.6 358.2 87.8 89.9 91.1 89.4 335.8 340.6 344.5 353.3 355.6 358.5 362.6 356.1 Compensation of employees 241.4 254.4 62.0 63.3 65.0 64.1 61.8 234.5 240.0 242.7 247.9 251.1 254.0 257.0 255.3 250.5 Wages and salaries 227.2 238.8 57.9 59.2 61.1 60.6 57.7 220.9 226.1 228.3 233.3 235.9 238.6 241.3 239.5 235. 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 47.5 2.3 7.8 183.9 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 30.8 194. 5 9.4 31.2 National income Private Military Government civilian _ Supplements to wages and salaries Proprietors' and rental income l Business and professionalFarm _ Rental income of persons Corporate profits and inventory valuation adjustment Corporate profits before tax Corporate profits tax liabilitv Corporate profits after tax 14.1 15.6 4.1 4.1 3.9 3.6 4.1 13.7 13.9 14.4 14.6 15.3 15.4 15.7 15.8 15.4 49.9 51.2 12.7 12.8 12.9 12.8 12.7 49.3 49.7 50.0 50.7 50.9 51.2 51.7 51.3 51.0 28.0 11.6 10.3 28.7 12.1 10.4 7.1 3.0 2.6 7.2 3.0 2.6 7.3 3.0 2.6 7.2 3.1 2.6 7.0 3.2 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 27.9 12.8 10.3 40 4 39 7 10.0 10.6 9.9 9.1 40.5 39.1 39.8 42.4 41.2 40.7 40.9 36.3 43.0 41.2 10.8 10.8 10.3 9.3 43.3 42.4 40.8 45.6 43.9 42.0 41.8 37.5 22.0 21.0 21.0 20.2 5.5 5.3 5.5 5.3 5.3 5.0 4.7 4.6 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 19.1 18.3 g -2.6 -1.5 -2.8 -3.2 -3.2 -2.7 Net interest 11 9 12 8 3.1 3.2 3.2 3.3 3.4 11.5 11.7 12.0 12.3 12.5 12.7 13.0 13.3 13.4 Addendum: Compensation of general govern ment employees. _ 36.1 38.4 9.4 9.5 9.5 9.9 9.8 35.0 35.8 36.6 36.9 37.5 38.0 39.0 39.0 39.1 326.9 343 4 83.0 85.3 87 4 87.7 84. 318.5 325.3 328.7 334.5 338.3 343.2 346.9 345.5 342.5 39.7 42.8 11.3 11.8 10.6 9.1 10. 38.9 39.5 39.8 40.5 42.2 42.9 43.6 43.4 42.4 35. 4. 37.8 5.0 10.0 1.3 10.3 14 9.5 1.1 8.0 1.1 9. 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 37.1 5.3 Inventory valuation adjustment -.3 -1.0 -1.3 -1.2 -.5 PERSONAL INCOME AND ITS DISPOSITION Personal income Less: Personal tax and nontax payments Federal State and local Equals: Disposable personal income Less: Personal consumption expenditures Equals: Personal saving .. 287.2 300. 71.7 73.5 76.8 78.6 73. 279.6 285.8 288.8 294.0 296.1 300.4 303.3 302.1 300.1 267. 280,4 65.8 69.7 69.3 75.6 67. 262.8 265.0 268.6 272.3 276.7 278.9 283.6 282.4 281.2 20. 20. 59 3.8 7.5 3.0 6. 16.8 20.8 20.3 21.7 19.5 21.4 19.7 19.8 18.9 1. Includes noncorporate inventory valuation adjustment. Source: U. S. Department of Commerce, Office of Business Economics. WlonAlr BUSINESS STATISTICS [Annual averages (or totals) for 1957 are provided herein; see reference note on p. 3 regarding data for April 1958.] 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. Unless otherwise stated, statistics through 1956 and descriptive notes are shown in the 1957 edition of BUSINESS STATISTICS Data from private sources are provided 1958 1957 March April May June July Novem- Decem- Annual October August September total ber ber January February March 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 355 6 358 5 362 6 356 1 358 2 251.1 235 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 7 255 239 199 9 30 15 3 5 1 5 8 8 254 238 199 9 30 15 4 8 0 7 1 6 250.5 235 1 194.5 9 4 31.2 15 4 50 9 28.4 12 0 10 4 51 2 28.7 12 1 10 4 51 7 29.1 12 2 10 4 51 28 12 10 3 6 2 4 51 28 12 10 2 7 1 4 51.0 27.9 12.8 10 3 41.2 43.9 22.4 21 5 —2.7 40 7 42.0 21 4 20 5 — 1.3 40 9 41.8 21 3 20 4 — .9 36 37 19 18 —1 3 5 1 3 2 39.7 41.2 21.0 20.2 -1.5 —.5 do 12.5 12.7 13.0 13 3 12.8 13.4 do do do do do do Proprietors' and rental income, totalcf do Business and professional cT 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 do 429.9 435 5 440 0 432 6 434.4 422. 0 Personal consumption expenditures total Durable goods Nondurable goods Services do do do do 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 34 140 107 4 4 8 2 280.4 35.1 139.9 105. 4 281 2 31.5 141 5 108.2 Gross private domestic investment, total New construction Producers' durable equipment Change in business inventories do do do do 63.6 32.8 30 7 66.5 33.0 30. 5 61 34 30 —2 3 0 0 7 64.4 33.2 30.4 0 66.2 32.7 30.5 2. 9 51.8 33.3 27 5 -9.0 4 1 35 3 2 2 0 3.2 15 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 49 45 37 0 7 0 3 86.4 50.4 45.7 36.0 87.5 49.5 44.8 38.0 Gross national product, total 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 3.0 .8 Personal income, total Less: Personal tax and nontax payments Equals: Disposable personal income do do do 338 3 42 2 296. 1 343 2 42 9 300. 4 346 9 43 8 303.3 345 5 43 4 302 1 343.4 42.8 300.6 342.5 42 4 300.1 Personal saving § do 19 5 21.4 19 7 19 8 20.2 18.9 bil. ofdoL. 340.2 341.1 343.2 345.1 346.3 347.3 347.2 346.8 346 2 343.6 343.4 343.6 341.7 ' 342. 2 do do. _ _ do do do 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 40.5 241.5 102.2 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 4 238.8 102.0 63.7 33 3 39.8 237 0 97.6 64 8 34 2 40 4 234.4 95.3 64.3 34 3 40.5 r 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- 7.9 7.9 8.0 51 7 31.4 21 3 51 7 31.6 21 2 51 7 31.6 21.2 51 7 31.7 22 1 8.0 51 2 31.7 22 6 80 50 9 29.7 23 0 7.9 51 2 31.2 21.5 8.0 51 1 31.0 20.8 51 1 31.2 21.6 8.0 51 1 30.9 20.0 51 2 31.0 21 2 7 9 50 5 31.7 23 3 51 0 31.8 23 5 6.8 6.7 6.8 6.8 6.9 6.9 6.8 6.8 6.8 6.8 6.8 6.8 6.8 '6.7 324.5 325.3 331.3 327.5 329.3 330. 3 Total nonagricultural income do 327.6 330.5 331. 3 331.0 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. 327.5 327.6 325.2 r 325. 4 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 463578 °—58' 3 7.8 7.8 7.8 233. 8 '95. 1 63.7 34 3 MO. 7 7.7 7.8 r 51 3 31.7 r 24 4 S-l
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