Full text of The National Income and Product Account : Fourth Quarter 1949

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BUSINESS

STATISTICS

X HE DATA here are a continuation of the statistics published in the 1949 Statistical Supplement to the SURVEY OF CURRENT BUSINESS.
That volume contains monthly data for the years 1945 to 1948, and monthly averages for earlier years black to 1935 insofar as available; it also
provides a description of each series and references to sources of monthly figures prior to 1945. Monthly averages for 1949 are shown in the
March 1950 issue of the SURVEY. Series added or revised since publication of the 1949 Supplement are indicated by an asterisk (*) and a
dagger (f), respectively, the accompanying footnote indicating where historical data and a descriptive note may be found. The terms "unadjusted"
and "adjusted" used to designate index numbers and dollar values refer to adjustment of monthly figures for seasonal variation.
Data subsequent to February for selected series will be found in the Weekly Supplement to the SURVEY.
1950

1949

Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey

February

March

April

May

June

July

August

September

October

November

December

January

February

GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates:
National income total
bil of dol
Compensation
of employees, total
do
\\rages and salaries total
do
Private
do
Military
_
do
Government civilian
do
Supplements to washes and salaries
do
Proprietors' and rental income, totalc? do
Business and profession ale?
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
Personal consumption expenditures total do
T)urable goods
do
Services
do
Gro^s private domestic investment
do
New construction
do
Producers' durable equipment
do
Change in business inventories
do
Net foreign investment
do
Government purchases of goods and services,
total
bil of dol
Federal (less Government sales)
do
State and local
do
Personal income total
Less' Personal tax and nontax payments
Equals' Disposable personal income
Personal saving §

do
do
do
do

(i)
140.9
135 3
113.5
4.5
17.3
5 6
43.7
24.0
12.9
6.8

224 7
141.9
136 5
116. 1
4.1
16.3
5 4
47.1
24.1
16.4
6.7

220 8
140.8
135 4
114.7
4.1
16.6
5 5
45. 1
24.1
14.3
6.7

220 7
141. 1
135 6
114.4
4.2
16.9
5 5
43.1
24.0
12.6
6.6

31.6
29.4
11.5
17.9
2.2
4.1

30.7
26.4
10.6
15.8
4.3
4.2

32.3
28.9
11.4
17.5
3.3
4.2

262 0
178.7
23.0
100 4
55.3
40.0
16.8
20 7
2.5
10

257 9
179.3
23.6
99 8
55.9
33.2
16.4
20 0
-3.2
1.2

254 6
179.7
25.7
97.6
56.5
32. 1
17.4
19.6
-5.0
-.3

255 2
179.8
25.2
97.7
56.9
33.7
18.7
18.7
-3.7
-2.0

42 3
25.2
17 1

44.2
26.4
17.8

43.2
25.0
18.2

43.7
25.0
18.8

212.0
18.6
193.4
14.8

210.0
18.6
191.4
12.1

208.2

209.3
18.6
190.7
10.8

(i)
0)1

C)
0)

.7
4.3

18.6
189.5
9.8

PERSONAL INCOME. BY SOURCE
Seasonally adjusted, at annual rates:
Total personal income
bil. of dol
Wage and salary receipts, total
do
Employer disbursements, total ._ _ _ _ do
Commodity-producing industries
do
Distributive industries
do
Service industries
do
Government
__ _ _
.do
Less employee contributions for social insurance
bil. of dol
Other labor income- _
_ ___ do_
Proprietors' and rental income
do
Personal interest income and dividends. _do
Total transfer payments
do
Total nonagricultural income

_ do

207.2

133.0
135. 2
56.4
40.5
17.1
21.2

209.1
133.4
135. 6
56.9
40.5
17.1
21.1

208.3

2.2
2.1
45.1
17.0
12.3

2.2
2.1
42.8
16.9
12.4

2.2
2.1
43.9
17.1
12.6

2.2
2.1
42.7
17.2
12.6

190.5

190.2

191.4

192.2

211.3
134.0
136. 3

210.5
133.9
136.0
57.4
40.7
17.3
20.6

210.2
133. 7
135. 9
57.0
40.9
17.4
20.6

209.4

59.4
39.5
17.0
20.4

210.2
132.3
134.6
57.4
39.4
17.3
20.5

2.3
2.1
46.6
17.0
11.6

2.1
2.1
46.2
17.0
12.6

2.2
2.1
45.0
17.1
12.4

2.3
2.1
45.2
17.0
12.2

191.0

190.5

191.4

191.8

132.9
135. 2
56. 7
40.3
17.3
20.9

133.7
135.9
57.1
40.5
17.1
21.2

207.0

209.4

132.5
134.7
56.0
39.5
17.4
21.8

211.9
134. 4
136. 6
57.4
39.9
17.4
21.9

' 218. 1
r
133. 7
»• 136. 5
"•57.1
MO. 1
«-17.6
'21.7

219.1
133.5
136.2
56.5
40.1
17.8
21.8

2.2
2.1
42.9
17.3
12.0

2.2
2.2
44.9
17.4
12.4

2.2
2.2
43.5
18.9
12.8

2.8
2.2
'46.5
17.4
r
18.3

2.7
2.2
43.9
17.4
22.1

190.3

191.3

194.5

198. 7

202.8

132.7
134.9
55.5
40.2
17.5
21.7

r

NEW PLANT AND EQUIPMENT
EXPENDITURES
All industries quarterly total
Manufacturing
Mining
Railroad
Other transportation
Electric and gas utilities
Commercial and miscellaneous

mil. of dol
do
do
do
do
do
do

4,460

1,850
190
360
130
680
1,260

4,660

1,880
190
380
140
780
1,290

' 4, 370
1,690
180
310
1
140
790
1,260

r
r

22 4 no

4, 630
1,830
T
180
r
300
T
120
T 8QQ
' 1, 320

1, 690
2
170
2250
2
80
2 740
a 1, 170

r
Revised.
12 See footnote "i" for this page in March 1950 SURVEY.
Estimates for January-March 1950, based on anticipated capital expenditures of business,
cflncludes inventory valuation adjustment.
§Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.

879643—50

4




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