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SURVEY OF CURRENT BUSINESS

June 1974

13

NATIONAL INCOME AND PRODUCT TABLES
1972
1972

1973

1973
I

IV

II

1972

1974
III

I

IV

1972

1973

1973
I

IV

II

1974
III

IV

I

Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

Billions of 1958 dollars

Billions of current dollars

Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
790 7

837 4

812 3

829 3

834.3

841 3

844.6

831.0

726.5

804.0

752.6

779.4

795.6

816.0

825.2

844.6

526.8

553.9

540.5

552.7

553.3

558.1

551.3

547.2

117.4
299 9
309 2

130 8
335 9
33/3

122.9
310 7
319 0

132.2
322 2
325 0

132.8
330 3
332 6

132.8
341 6
341 6

125 6
349 6
350 0

125.0
362.3
357.3

104.0
220 9
201.8

114 3
228 8
210 7

109.2
225.8
205.4

117.0
228.8
207.0

116.2
228.0
209.1

115. 4
230 2
212.5

108.7
228 3
214.3

106.5
226.3
214.4

178 3

202 1

189 4

194 5

198 2

202 0

213.9

198.9

122.9

132 2

129.1

130.2

130.2

130.8

137.6

124.5

172.3

194 2

181 2

189 9

193 7

197 3

195 9

193.4

118.3

126 6

122.8

126.9

126.9

127.7

125.0

121.0

118 2
41.7
76.5

136 2
48 4
87 8

124 3
43.0
81.2

130 9
45.3
85.5

134 1
47 2
86 9

138 0
49 5
88.6

141 8
51 7
90.1

144 1
53.9
90.2

83.7
23.0
60.8

92 6
24 9
67 7

87.5
23.1
64.3

91.2
23.8
67.4

91.5
24.4
67.2

93.2
25.2
68.0

94.5
26.2
68.3

93.8
26.8
67.0

54.0
53 5
.6

58 0
57 4
6

56.9
56 4
.5

59.0
58 4
.6

59 6
59 1
5

59.2
58 6
.6

54 0
53 4
7

49.3
48 6
.7

34.6
34 2
.4

34 0
33 6
4

35.3
35.0
.3

35.6
35.3
.4

35.3
35.0
.3

34.5
34.2
.4

30.5
30.1
.4

27.2
26.8
.4

C hange in business inventories
Nonfarm
Farm

6.0
5.6
4

80
7.3
6

8.2
7.9
3

4.6
4.4
2

45
4.4
1

4.7
3.2
15

18 0
17.3
7

5.5
5.0
6

4.6
4.5
1

56
52
3

6.3
6.2
.1

3.3
3.2
.1

3.4
3.3
.1

3.0
2.3
.7

12.5
12.1
.4

3.5
3.2
.2

Net exports of goods and services

—4 6

58

f-3 5

o

2g

76

12 8

10 9

—2 0

67

—.8

2.0

5.6

7.4

11.6

12.5

73.5
78 1

102 0
96 2

79.7
83 2

89.7
89 7

97.2
94 4

104.5
97 0

116.4
103 6

130.4
119 4

56.4
58.4

67 6
60 9

59.6
60.3

65.3
63.3

66.6
61.1

«7.4
60.0

71.0
59.4

73.9
61.4

Gross national product

1 155 2 1 289 11 199 2 1 242 5 1 272 0 1 304 5 1 337 5 1, 352. 2

Personal consumption expenditures
Durable goods
Nondurable goods
Services

- -

Gross private domestic investment _
Fixed investment

-

- -

Nonresidential
Structures .
Producers' durable equipment

__ .

Residential structures
Nonfarm
Farm ._

Exports
Imports

255 0

277 1

260 7

268 6

275 3

279 0

285 6

297 8

143.0

144 7

143.5

144.4

145.2

145.0

144.1

146.8

Federal
National defense
Other

104.4
74.4
30 1

106.6
73 9
32 7

102.7
72.4
30 3

105.5
74 3
31 2

107.3
74 2
33 1

106.8
74 2
32 7

106.8
73 0
33 8

112.1
76.3
35 8

60.8

57.1

58.6

58.2

58.2

57.2

54.9

56.7

State and local

150 5

170 5

158 0

163 0

168 0

172 2

178 8

185 7

82 2

87 6

85 0

86.2

87.0

87.8

89 2

90.1

Government purchases of goods and services

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
1 155 2 1 289 1 1 199 2 1 242 5 1 272 0 1 304 5 1 337 5 1 352 2

Gross national product
Final sales
Change in business inventories.
Goods output

790 7

837 4

812 3

829.3

834.3

841.3

844.6

831.0

1 149 1 1 281 11 191 0 1 237 8 1 267 5 1 299 8 1 319 4 1 346 7
5.5
6 0 ' 80
8 2 ' 46
45
4 7 ' 18 0

786 1
4.6

831 8
56

806 0
6.3

826.0
3.3

831.0
3.4

838.3
3.0

832 1
12.5

827.5
3.5

423 9

455 9

438.4

452.1

453.9

456.8

460.9

446.8

453.7
30

448.4
12 5

443.3
3.5

541 4

614 7

563 6

589 6

604 2

622 3

642 6

640 5

Final sales
Change in business inventories

535.4
6 0

606 7
80

555 4
82

585.0
4 6

599 6
45

617 6
47

624 6
18 0

635 0
55

419.3
4 6

450 3
56

432.1
63

448.7
3.3

450.5
3.4

Durable goods
Final sales
Change in business inventories.

219 1
214 1
4.9

250 1
242 1
80

233 2
222 8
10 4

242 5
238 1
4.4

249 7
242 4
73

254 3
246 2
80

254 2
241 7
12 4

246 0
240 3
5.7

184 1
180 2
3.9

206 2
200 4
58

196 3
188 0
8.2

203.4
200.3
3.2

207.1
201.8
5.4

208 1
202.4
5.7

206 0
197.2
8.9

198.3
194.7
3.5

Nondurable goods
Final sales. .
Change in business inventories

322.3
321 2
1i

364 5
364*6
_ i

330 3
332 5
—2 2

347 2
346 9
3

354 5
357 3
—2 8

368 0
371 4
—3 4

388 4
382 8
56

394 5
394 7
_ 2

239.8
239 1
.7

249 7
250 0
_ 2

242.1
244 1
—1.9

248.7
248.5
.2

246.7
248.7
—2.0

248.7
251.3
-2.6

254.9
251 3
3.6

248.5
248.6
-.1

487 3
126.5

534 5
139.9

503 9
131.7

514 8
138.1

527 7
140 1

540 8
141 4

554 7
140 2

571 8
139.9

292 6
74.2

306 0
75.5

298.8
75.1

300.6
76.7

304.1
76.3

308.6
76.0

310.5
73.1

313.3
70.9

Services
Structures

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)

Business
Nonfarm
Farm

Households and institutions
Rest of the world
G eneral government
Federal
State and local

.

790 7

837 4

812 3

829.3

834.3

841.3

844.6

831.0

729 5

774 9

750 3

767 1

772.0

778.8

781.7

767.5

975 4 1 090 6 1 013 6 1 050 5 1 076 8 1 105 2 1 130 11 134 2
941.0 1 043 0 976 9 1 008 9 1 033 5 1 056 2 1 073 4 1 076.8
34 4
36 7
57 4
47 7
41 6
43 3
49 0
56 7

_

1,155 2 1 289 1 1 199 2 1 242 5 1 272 0 1 304 5 1 337 5 1 352 2
1 019 7 1 141 6 1 060 0 1 098 9 1 126 2 1 156 3 1 184 9 1 1% 5

Gross national product
Private

706 6
682.0
24 6

750 7
727 5
23 2

726 8
702.5
24 2

742.9
718. 1
24.8

748.3
725.9
22.4

754.7
733.6
21.2

756.8
732.6
24.2

740.3
717.2
23.1

36.8
75

41 1
93

37 8
8 7

39 3
91

40 5
89

41 8
93

42 9
11 9

44 5
17 8

17.4
55

18 3
59

17.4
62

18.0
6.3

18.2
5.5

18.5
5.5

18.5
6.5

18.8
8.4

135.4
50.3
85.1

147.5
52 8
94 8

139 2
50 5
88 7

143.5
52 5
91 1

145 8
52 2
93 6

148 2
52 3
96 0

152 5
54 1
98 4

155.8
54 7
101.0

61.1
21 g
39.3

62.5
21 3
41 1

62.0
21.7
40.3

62.2
21.6
40.6

62.4
21.4
41.0

62.5
21.2
41.3

62.9
21.2
41.7

63.4
21.2
42.3

HISTORICAL STATISTICS
THE national income and product data for 1929-63 are in The National Income and Product Accounts of the United States, 1929-1965,
Statistical Tables (available at $1 from Commerce Department District Offices or the Superintendent of Documents; see addresses inside
front cover). Each July SURVEY contains preliminary data for the latest 2 years and fully revised data for the preceding 2. The July 1973
issue has data for 1969-72. Prior July issues have fully revised data as follows: 1968-69, July 1972; 1967-68, July 1971; 1966-67, July 1970;
1965-66, July 1969; 1964-65, July 1968. BE A will provide on request a reprint of the fully revised data for the years 1964-69.




CURRENT BUSINESS STATISTICS

J.HE STATISTICS here update series published in the 1973 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (available from the Superintendent of Documents for $5.15) provides a description of each series, references
to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1969 through 1972 (1962-72 for major quarterly
series), annually, 1947-72; for selected series, monthly or quarterly, 1947-72 (where available). Series added or significantly revised after the 1973
BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively; certain revisions for 1972 issued too late for
inclusion in the 1973 volume appear in the monthly SURVEY beginning with the August 1973 issue. Also, unless otherwise noted, revised monthly
data for periods not shown herein corresponding to revised annual data are available upon request.
The sources of the data are given in the 1973 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and
are also listed alphabetically on pages 189-90. 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.
1971

Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes areas shown in
the 1973 edition of BUSINESS STATISTICS

1972

1971

1973
I

1972
III

II

IV

I

II

1973

| III

I

IV

II

1974
III

IV

I

Annual total
Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
Gross national product total

bil. $

1 027.2 1,046.9

1,063.5

1,084.2

1,112.5

1,142.4

1,166.5

1,199.2

1,242.5

1,272.0

1,304.5

1,337.5

1, 352. 2

650.0

662.2

673.0

683.4

700.2

719.2

734.1

752.6

779.4

795.6

816.0

825.2

844.6

130 8
57 8
54.5

100 3
44.7
41.3

101 9
45.5
41.6

105 4
48.3
41.9

106 7
47.8
43.6

111.5
49.4
46.6

115.1
51.2
47.3

120.2
55.0
48.6

122.9
55.7
50.0

132 2
60 5
53.7

132.8
59.7
54.4

132.8
59.2
55.0

125.6
51.8
55.0

125. 0
48.3
57.3

299.9
62.3
145 3
25 5

335 9
69.7
161 4
29 1

273.5
55.7
134 1
22 9

57.0
136 2
23 1

279.8
57.4
137 6
23 6

283.5
58.1
138.4
24.5

288.8
59.4
141 0
24.7

297.9
61.7
144 7
25.0

302.3
62.9
146 5
25.8

310.7
65.1
149 1
26.6

322 2
68.3
154 7
27 5

330.3
69.3
158.1
28.8

341.6
70.3
164.3
29.4

349.6
70.8
168.3
30.5

362. 3
73.4
173.6
32.1

284 9
39 7
98.5
20 4

309 2
43 8
105.5
21 8

337 3
48.0
114. 5
23 4

276 1
38 4
95.4
19 4

282 3
39 3
97.6
20 1

287
40
99
20

293.2
40.7
101.4
21 2

300 0
41.8
103.1
21 6

306.2
43.2
104.7
21 7

311 6
44.5
106.3
21 8

319.0
45.7
107.9
22 2

325 0
46 5
110.6
22 8

332.6
47.1
113.3
23.2

341.6
48.7
115.8
23.7

350.0
49.5
118,4
24.1

357.3
49.8
121.5
25.2

1,055.5

1,155.2 1,289 1

Personal consumption expenditures, total.. do

667.2

726.5

804.0

Durable goods total 9
do
Automobiles and parts _ _ _
do
Furniture and household equipment.. -do

103 6
46 6
42.1

117 4
52.8
48.1

Nondurable goods, total 9
Clothing and shoes
Food and beverages
Gasoline and oil

-- -do
do
do
. do

278 7
57.0
136 6
23 5

do
do
do
do
do

Services total 9
Household operation
Housing
Transportation

-

..

153 2

178.3

20^ 1

145.5

152.7

153.8

160.8

167.5

174.7

181.5

189.4

194.5

198.2

202.0

213.9

198. 9

147 1
do
104 4
do .
do_ __ 37.9
do
66.5
42 7
- -.do
42 2
do_ __
do
6.1
do
4.5

172 3
118 2
41.7
76.5
54 0
53 5
6.0
5.6

194 2
136 2
48.4
87.8
58 0
57.4
8.0
7.3

138 5
101.4
37.0
64.4
37 1
36.6
7.0
5.8

145 0
103.6
37.6
66.0
41 5
41.0
7.6
6.3

149 5
104.7
38.4
66.3
44 8
44.1
4.3
2.4

155.6
108.0
38.5
69.5
47.5
46.9
5.3
3.5

165.8
114.0
41.0
73.1
51.8
51.2
1.7
1.4

169.2
116.3
41.5
74.9
52.8
52.3
5.5
4.8

172.9
118.3
41.3
77.0
54.5
53.9
8.7
8.4

181.2
124.3
43.0
81.2
56.9
56.4
8.2
7.9

189.9
130.9
45.3
85.5
59.0
58.4
4.6
4.4

193.7
134.1
47.2
86.9
59.6
59.1
4.5
4.4

197.3
138.0
49.5
88.6
59.2
58.6
4.7
3.2

195.9
141.8
51.7
90.1
54.0
53.4
18.0
17.3

193.4
144.1
53. 9
90. 2
49.3
48.6
5.5
5.0

8
66 3
65.5

—4 6
73.5
78.1

5.8
102. 0
96.2

3.8
65.9
62.1

.5
67.1
66.6

11
69.1
68.0

-2.2
63.0
65.2

-5.5
70.3
75.8

-5.7
69.9
75.6

-3.8
74.0
77.7

-3.5
79.7
83.2

.0
89.7
89.7

2.8
97.2
94.4

7.6
104.5
97.0

12.8
116.4
103.6

10.9
130.4
119.4

234.3
98 1
71 6
136.2

255.0
104 4
74 4
150.5

106*6
73.9
170. 5

227.9
96 1
72 3
131.8

231.5
96 7
71.3
134.8

235.5
98 2
70 3
137.3

242.2
101.2
72.4
141.0

250.3
106.0
76.5
144.3

254.2
106.7
76.6
147.5

254.7
102.3
71.9
152.4

260.7
102.7
72.4
158.0

268.6
105.5
74.3
163.0

275.3
107.3
74.2
168.0

279.0
106.8
74.2
172.2

285.6
106.8
73.0
178.8

297. 8
112.1
76.3
185.7

1 020 2 1 039 2 1 059 2 1 078.9 1,110.8 1,136.9 1,157.8 1,191.0 1,237.8 1,267.5 1,299.8
617.6
599.6
555.4
585.0
539.9
515.2
531.0
501.1
482 1
495 2
485 9
246.2
222.8
238.1 242.4
211.4
216.8
196 2
205.5
188 1
192 8
187 4
371.4
357.3
346.9
304. 9
319.6
323.1 332.5
309.7
297.8
302.4
294 7
540.8
527.7
503.9
514.8
491.8
481.5
460.9
471.8
444 0
450 8
433 9
141.4
140.1
126.2
131.7
138.1
124.4
117.0
123.8
113.2
104.1
109.3
4.7
4.5
8.2
4.6
7 o
5.5
8.7
80
53
1.7
7 6
4 3
8.0
7.3
10.4
4.4
3.2
5.8
7
8.0
-.9
.4
4 2
4 1
-3.4
-2.2
-2.8
—.1
.3
2.9
2.3
6 2
1.3
29
3 4
37

1,319.4
624.6
241.7
382.8
554.7
140.2

1, 346. 7
635.0
240. 3
394.7
571.8
139. 9

18.0
12.4
5.6

5.5
5.7
-.2

Gross private domestic investment, total
Fixed investment
Nonresidential
Structures
.
Producers' durable equipment
Residential structures
Nonfarm
.
Change in business inventories
Nonfarm
.

-

Net exports of goods and services
Exports
Imports

. do.
do
do

Govt. purchases of goods and services, total .do
Federal
do
National defense
.
do. ..
State and local
do
By major type of product:
Final sales total
Goods total
Durable goods
Nondurable goods .
Services
Structures

do
do
do
do
- - do
do

1 049 4
491 1
191 1
299. 9
447 4
110.9

do
- . -.do
- do

-

61
20
41

.

-

8
3
5
6

-

Change in business inventories
Durable goods
Nondurable goods

1 149 1 1,281. 1
606.7
535 4
242. 1
214 1
321.2
364.6
534. 5
487 3
139.9
126.5
6 0
4 9
1l

GNP in constant (1958) dollars
Gross national product total

-

bil.$..

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

do
do
do

_
..

Gross private domestic investment, total. ..do

* Preliminary.

837. 4

735 1

740 4

746 9

759.0

768.0

785.6

796.7

812.3

829.3

834.3

841.3

844.6

831.0

496.3

553. 9

489.5

493.6

498.0

504.1

512.5

523.4

531.0

540.5

552.7

553.3

558.1

551.3

547. 2

92.2
211.6
192.4

104.0
220.9
201.8

114.3
228. 8
210.7

89.3
210.2
189. 9

90.2
211.8
191.7

93.6
211.5
192. 9

95.8
213.0
195.3

99.2
215.0
198.2

101.9
220.7
200.8

105.8
292 2
202^9

109.2
225.8
205.4

117.0
228. 8
207.0

116.2
228. 0
209.1

115.4
230.2
212.5

108.7
228.3
214.3

106.5
226.3
214. 4

110.3

122.9

132.2

106.6

110.3

109.5

114.8

116.5

121.0

124.8

129.1

130.2

130.2

130.8

137.6

124. 5

116.7
82.5
34.2
4.3

118.2
83.4
34.7
6.6

122. 8
87.5
35.3
6.3

126.9
91.2
35.6
3.3

126.9
91.5
35.3
3.4

127.7
93.2
34.5
3.0

125.0
94.5
30.5
12.5

121.0
93.8
27. 2
3.5

105 0
76.1
29 0
5.3

118 3
83.7
34 6
4.6

126.6
92. 6
34.0
5.6

100 7
74.8
25 9
5.8

103 8
75.5
28.3
6.5

105 5
75.6
29.9
4.0

110. 1
78.4
31.7
4.7

4

—2 0

6.7

24

2

.8

-1.6

-3.7

-2.8

-.9

0

2.0

5.6

7.4

11.6

12.5

144.7
143.0
138.4
57. 1
60 8
60 9
82.2
77.5
87.6
9 Includes data not shown separately.

136.7
60 1
76.6

136.7
59.9
76.8

138.6
61.1
77.5

141.6
62.5
79.1

142.7
63.0
79.7

144.0
62.9
81.1

141.8
58.8
83.0

143.5
58.6
85.0

144.4
58.2
86.2

145.2
58.2
87.0

145.0
57.2
87.8

144.1
54.9
89.2

146.8
56.7
90. 1

.
.

do
do
do
do
do

Govt. purchases of goods and services, total .do
Federal
do
State and local
do
Revised.

790 7
526.8

115.4
81.5
34.0
1.1

Fixed investment
Nonresidential
Residential structures
.Change in business inventories
Net exports of goods and services

745 4

s-1
550-325 O - 74 - S-1




SUEVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown in
the 1973 edition of BUSINESS STATISTICS

1971

| 1972 | 1973

1971

III

Annual total

June 1974

1972

I

IV

1973

III

II

I

IV

II

1974

IV

III

I

II

III

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT-Con.
Quarterly Data Seasonally Adjusted at Annual Rates
Implicit price deflators:
Gross national product.
Index, 1958= 100. . 141. 60
134.4
Personal consumption expenditures.
do
Gross private domestic investment:
140.1
Fixed investment
do
Nonresidential
do
137.3
147.5
Residential structures
do _
169.2
Govt purchases of goods and services
do

153. 94
145.2

42.39
135.2

42.85
135.6

44.85
136.6

45.42
137.4

46.42
138.2

47.63
139.2

49.81
141.0

52.46
143.8

55.06
146.2

58.36
149.7

62.73
154.3

145.7
141.3
156.3
178.3

153.3
147.1
170.5
191.6

141.7
138.5
149.6
169.9

141.3
137.8
149.9
171.0

143.6
140.0
152.4
175.4

145.0
141.1
154.4
176.6

146.3
141.8
157.0
179.6

147.6
142.1
161.2
181.6

149.7
143.5
165.6
186.0

152.7
146.5
168.6
189.6

154.4
148.1
171.6
192.5

156.7
150.0
177.1
198.2

159.8
153.6
181.2
202.8

869.4

941.8

1,053.9

865.6

882.7

911.0

928.3

949.2

978.6

,015. 0

,038.2

,067.4

,095.1

,108.8

644.1

707.1

785.2

648.8

661.2

684.3

699.6

713.1

731.2

757.4

774.9

794.0

814.7

826.8

573.8
449.7
19.4
104.7
70.3

627.3
493.3
20.3
113.8
79.7

691.4
546.0
20.8
124.6
93. 9

577.6
452.3
18.9
106.3
71.1

588.6
461.7
19.6
107.3
72.6

607.3
476.4
20.9
110.0
77.0

620.8
488.4
20.1
112.3
78.9

632.5
497.5
20.0
115.1
80.5

648.7
510.9
20.1
117.7
82.5

666.7
525.1
20.9
120.7
90.8

682.3
538.7
20.5
123.1
92.6

699.3
553.2
20.4
125.7
94.7

717.2
566.9
21.3
129.1
97.5

726.2
573.3
21.2
131.7
100.6

68.7
51.9
16.8
24.5

74.2
54.0
20.2
24.1

84.2
57.5
26.8
25.1

68.6
52.3
16.3
24.7

70.2
52.7
17.5
24.4

72.5
53.1
19.5
24.1

73.2
53.3
19.9
22.6

74.1
54.3
19.8
24.9

77.1
55.3
21.8
24.9

80.6
56.3
24.3
24.7

81.5
57.1
24.4
24.6

85.0
57.9
27.1
25.3

89.8
58.5
31.3
25.7

88.4
59.3
29.1
25.8

80.1

91.1

109.0

80.9

83.4

86.2

88.0

91.5

98.8

104.3

107.9

112.0

111.9

112.9

15.2
64.9
32.5
17.8
14.7

17.5
73.6
40.1
20.0
20.2

21.7
87.3
50.8
24.2
26.6

15.9
65.0
31.8
18.0
13.8

16.3
67.1
33.6
17.9
15.7

16.6
69.6
37.3
18.6
18.7

17.3
70.7
38.7
18.5
20.2

17.6
73.9
39.9
20.4
19.5

18.6
80.2
44.7
22.4
22.3

19.8
84.5
49.7
22.8
26.9

21.4
86.5
52.4
23.9
28.5

22.3
89.7
51.9
25.3
26.6

23.2
88.7
49.2
24.9
24.4

'23.5
'89.3
48.7
29.7
19.0

8.6
23.9

9.3
24.2

9.3
27.3

9.1
24.1

7.9
25.7

8.5
23.8

8.9
23.1

9.8
24.1

9.9
25.7

9.2
25.6

8.5
25.6

10.3
27.5

9.1
30.4

7.1
33.5

do
do
do
do
do

85.1
37.4
47.6
25.1
22.5

98,, 0
42.7
55.4
26.0
29.3

126.3
55.8
70.4
27.8
42.6

87.0
38.0
49.0
25.2
23.7

86.9
36.4
50.6
24.9
25.7

92.8
40.6
52.2
25.7
26.5

94.8
41.4
53.4
25.9
27.5

98.4
42.9
55.6
26.2
29.4

106.1
45.9
60.3
26.4
33.9

119.6
52.7
66.9
26.9
40.0

128.9
57.4
71.6
27.3
44.2

129.0
57.6
71.5
28.1
43.4

127.4
55.7
71.6
29.0
42.6

144.0
'60.6
'83.4
29.5
' 53. 9

do
do

National income, total

146. 10
137.9

-4.9
42.0

-6.9
45.2

-17.3
50.4

-6.1
42.7

—3.6
43.5

-6.6
43.9

-6.7
44.8

-6.9
45.7

-7.3
46.6

-15.4
47.9

-21.1
49.4

—17.0
51.1

-15.5
53.0

-31.2
55.0

863.5
117.5
746.0
685.8
60.2

939.2
142.2
797.0
747.2
49.7

1,035.4
152.9
882.5
827.8
54.8

870.2
118.1
752.0
691.8
60.2

884.4
124.0
760.4
702.6
57.8

910.8
138.0
772.8
720.0
52.9

926.1
140.7
785.4
739.5
45.9

943.7
142.8
800.9
755.1
45.8

976.1
147.4
828.7
774.3
54.4

996.6 1,019.0
149.3
145.1
869.7
851.5
818.7
801.5
51.0
50.0

1,047.1 1,078.9
161.1
156.0
917.8
891.1
850.8
840.1
67.1
51.1

1,094.4
163.0
931.4
869. 8
61.5

.bil. $
do
do . . .
do

81.21
29.99
14.15
15.84

88.44
31. 35
15.64
15.72

99.74
38.01
19.25
18.76

20.14
7.31
3.40
3.91

22.79
8.44
4.12
4.32

19.38
6.61
3.29
3.32

22.01
7.63
3.71
3.92

21.86
7.74
3.86
3.87

25.20
9.38
4.77
4.61

21.60
7.80
3.92
3.88

24.73
9.16
4.65
4.51

25.04
9.62
4.84
4.78

28.48 ' 24. 10 '127.96 128.05
11.36
11.43
'9.49 ' 11.25
5.69
5.84
'5.6
'4.74
5.67
'5.64
5.59
'4.75

do. . .

51.22

57.09

61.73

12.83

14.35

12.77

14.38

14.12

15.83

13.69

15.57

15.42

17.05

.69
.48
.57
.44

.7
.56
.6
.4

bil. $..

Compensation of employees , total

do

Wages and salaries total
- - - do
Private
do
Military
do
' Government civilian
-do _
Supplements to wages and salaries.
do....
Proprietors' income total 9
Business and professional 9

- - -do ..
do

Rental income of persons

- do

Corporate profits and inventory valuation adjustBy broad industry groups:
Financial institutions
Nonfinancial corporations total
Manufacturing total Nondurable goods industries
Durable goods industries

do
do
_.do_._.
do
do

Transportation, communication, and public
utilities
-bil. $
All other industries
do
Coroorate profits before tax total
Corporate profits tax liability
Corporate profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Net interest

DISPOSITION OF PERSONAL INCOME
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income total

-

bil. $

E quals: Disposable personal income

do

Eouals* Personal savintjS

do

NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals :
All industries
-.
Manufacturing . .
Durable goods ind ustries 11
N endurable goods industries J
Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation
Public utilities
Electric
.
Gas and other
Communication
Commercial and other
Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing
...
Durable goods industries 5
Nondurable goods industries 1
Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation

16.69

' . 7'
'.65
'.63
'.5

.75
.64
.50
.57

do
do...
do . . .
do...

2.16
1.67
1.88
1.38

2.42
1.8(
2.46
1.46

2.74
1.96
2.41
1.66

.55
.42
.39
.37

.59
.45
.56
.37

.58
.48
.50
.32

.61
.48
.73
.39

.59
.38
.61
.35

.63
.47
.63
.40

.63
.46
.52
.32

do...
- do. .
do. . .
do. . .
do

15.30
12.86
2.44
10.77
18.05

17.00
14.48
2.52
11.89
20.07

18.71
« 15. 94
2.76
12.85
21.40

4.07
3.35
.71
2.62
4.42

4.29
3.60
.69
2.84
5.26

3.63
3.19
.44
4.55

4.24
3.61
.62
2.95
4.98

4.39
3.67
.72
2.84
4.97

4.74
4.01
.73
3.39
5.57

3.95
3.45
.50
2.87
4.94

4.59
3.91
.68
3.27
5.40

4.82
4.04
.77
3.19
5.24

5.3
4.5
.8
3.5
5.8

do
. do
do
do

80.75
29.19
13.76
15.43

83.18
30.35
14.61
15.74

86.79
30.09
15.06
15.02

87.12
30.37
14.77
15.60

87.67
30.98
15.67
15.31

91.94
33.64
16.86
16.7

96.19
35.51
17.88
17.63

97.76
36.58
18.64
17.94

100.9
38.8
19.73
19.08

103.7
40.6
20.4
20.1

' 107. 2
'42.9
'21.4
'21.5

'1110.5
'45.2
'22.6
'22.6

1113.16
46.00
23.25
22.76

do

51.56

52.82

56.70

56.75

56.70

58.30

60.68

61.1

62.09

63.1

'64.3

'65.3

67.15

do
do
do
do

2.23
1.72
1.68
1.48

2.30
1.64
2.26
1.33

2.42
2.10
1.96
1.48

2.38
1.88
2.89
1.53

2.40
1.50
2.67
1.4

2.4
1.7
2.3
1.4

2.59
2.1
2.2
1.53

2.7
1.7
2.7
1.6

2.8
1.9
2.4
1.7

2.7
2.0
2.2
1.7

18.0
15.5
2.5
12.7
21.5

18.5
16.00
2.58
13.1
21.3

19.8
16.7
3.0
13.2
21.3

15.74
15.87
Public utilities
do
13.0
13.56
Electric
do
2.74
2.30
Gas and other
do. . .
10.44
10.73
Communication
do. . .
19.10
17.85
Commercial and other...
do...
' Revised.
» Preliminary.
» Estimates (corrected for systematic biases) for Apr.June and July-Sept. 1974 based on expected capital expenditures of business. Expected
expenditures for the year 1974 appear on p. 19 of the June 1974 SURVEY.
2 includes
communication.
9Includes inventory valuation adjustment.
©Personal outlays comprise personal consumption expenditures, interest paid by consumers, and personal transfer
payments to foreigners.




' 14. 61 ' 16. 70

.71
.46
.72
.43

16.9
14.27
2.65
11.7
20.10

16.60
14.3
2.2
11.59
19.88

17.0
14.6
2.3
11.5
20.1

17.5
14.6
2.8
12.6
20.2

18.3
15.4
2.9
12.3
21.5

'.68
.50
'.47

'.34
'4.38
'3.85
'.52
3.19
'5.0

'5.2
'4.4
'.8

5.57
4.60
.97

' 2 8. 90

28.65

'2.9
'2.4
' 2. 2

3.06
2.70
2.16
2.17

'20.1 '20.7
'17.1 '17.6
'3.1
'3.00
13.8
'21.6 '2 35. 00

21.53
18.20
3.32

'2.8
'2.1
'2.1
'1.63

'i!o

235.54

§ Personal saving is excess of disposable income over personal outlays.
UData for individual durable and nondurable goods industries components appear in the
c
Mar. June, Sept., and Dec. issues of the SURVEY.
Corrected

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