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BUSINESS STATISTICS
-L HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1953 Statistical Supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $1.50) contains monthly data for the years 1949 to 1952, and monthly averages for earlier years
back to 1935 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1949. Series
added or revised since publication of the 1953 Supplement are indicated by an asterisk (*) and a dagger (|), 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.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely,
provided through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey

Data from private sources are

1954

1953

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
Wages and salaries, total
do
Private _ _
__
- _
_do_ Military
do
Government civilian _. _ .
__do
Supplements to wages and salaries _. .-do ._
Proprietors' and rental income, totaled-- do
Business and professional cf
_ _ _ . do__ Farm _ _.
. - do_
Rental income of persons
do
Corporate profits and inventory valuation adjustment, total
- _
. bil.ofdol
Corporate profits before tax, total
do__.
Corporate profits tax liability
do
Corporate profits after tax __
do__.
Inventory valuation adjustment
- d o __
Net interest- __
__
...do.- _

306.7
204.5
194.5
161.3
10.4
22.8
10.0
50.8
27.0
13.4
10.4

310.7
208 0
198 0
164.5
10 6
22.9
10.0
49.7
27.0
12.3
10 4

308.1
210.4
200. 6
166.9
10 5
23.1
9.8
49.1
26.9
11.6
10 6

207.7
198.0
164 4
10.3
23 3
9.8
50.0
26.9
12 2
10.8

43.8
44.6
24.4
20.3
-.8
7.6

4&. 2
45.9
25.0
20.8
—.6
7.7

40.7
43.3
23.6
19.6
-2.6
7.9

10
8. 1

Gross national product, total
. _ - _ _ _ __ do_ _ _
Personal consumption expenditures, total do
Durable goods- _ _ _ _ _ _
do__ _
Nondurable goods
__ _ _ _ _ do
Services _ ._ _ __
__do._ Gross private domestic investment, total
bil ofdol
New construction
do
Producers' durable equipment
do
Change in business inventories. _ _ _ . _ _ d o
Net foreign investment
__ do
Government purchases of goods and services,
total
-_ ._ bil.ofdol
Federal (loss Government sales)
do
National securitv9 __
do
State and local
do

363.9
227. 7
30.2
121.2
76.3

371.4
230 4
30.7
122 1
77.6

369.5
231.0
30.4
121.3
79.2

363
230
29
120
80

5
0
1
4
5

54.9
25 0
26.2
3.7
-2.1

58 5
25 3
26 9
63
-2.5

55.2
24 9
27 1
31
-2.1

48
25
26
—3
—1

8
3
5
0
0

83.4
58 5
51.6
24 9

85 0
60.5
53 5
24.6

85 5
60.4
52 1
25.2

85
59
50
26

7
5
0
3

Personal income, totaL _ _ _ _
_ do
Less: Personal tax and nontax payments- _do_ _
Equals: Disposable personal income do
Personal saving§
__ _ _
do

281.6
36.2
245. 4
17. 7

284 4
36. 7
247 7
17.2

286.8
37.0
249 8
18.8

285
36
949
19

9
6
3
3

PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:
Total personal income
bil ofdol
Wage and salary disbursements, total
do
Commodity-producing industries-, do
Distributive industries
_
do
Service industries
do
Government
do
Wage and salary receipts, total _.
do
Other labor income
do
Proprietors' and rental income
do
Personal interest income and dividends do
Transfer payments
do
Loss personal contributions for social insurance
bil.ofdol..
Total nonagr icultural income

do

281.0
194.6
88.0
50.6
22.8
33 2
190.9
51
50 2
21 7
13.' 3

283.6
196. 2
88.8
50.9
23.2
33 3
192.4
5.1
50.7
21.9
13.7

282.7
196. 6
88.8
51.0
23.4
33.4
192.8
5.1
49.4
22.0
13. 6

284.7
198. 0
89.3
51.7
23.5
33. 5
194. 2
5.1
50.0
22.1
13.5

3.9

4.0

4.0

4.0

4.2

4.2

4.1

4.0

4.0

4.0

4.1

263.3

265. 4

265. 5

267.2

268.8

270.6

270.7

270. 0

270.5

269.0

267.2

286.3
199.5
89.8
52.2
23.9
33.6
195. 6
5.1
50.1

1:1 5

287. 5
201.2
90.6
52.9
24.2
33. 5
197. 3
5.1
49.5
22.4
13.5

287.0
201.0
90.2
52.9
24.1
33.8
197. 1
5.1
48.9
22.5
13.6

286.3
199.9
89.3
52.7
24.1
33.8
196.0
5.1
49. 0
22.7
13.6

287.2
199. 3
88.7
52.7
24.2
33.7
195. 6
5.1
49.5
22.8
14.5

285. 9
198.3
87.7
52. 9
24. 1
33. 6
194.5
5.1
50.0
22.7
13.8

284.6
196. 3
86.4
52.2
24.2
33.5
192.5
5.1
50.3
22.7
14.3

' 283. 7
r 195. 7
r

85. 4
r
52. 6
'24.1
' 33. 6
r
191. 2
5.1
50. 0
r
23. 0
r
!4. 7
M.8
r

266. 4

282. 9
194. 7
84. 7
52. 5
24. 1
3;-5.4
190. 2
5.1
49.8
23. 1
15. 0
4.8

265. 8

NEW PLANT AND EQUIPMENT
EXPENDITUK ES
6,339
7,289
7, 098
7 606
i 6, 808
2, 747
3, 192
2,945
i 2 893
3 39'?
225
234
265
i 262
288
313
359
300
341
i 295
Transportation, other than rail
do
i
337
366
386
376
i
358
005
Public utilities.do_ _ J
1, 158
1,219
1 946
1 1 , 026
Commercial and other . _ _ . _
_
do
i
1,792
9 /m
1.984
J.979 !
1 1 O7^
r
1
Revised.
Estimates for January-March based on anticipated capital expenditures.
^Includes inventory valuation adjustment
^Government sales arc not deducted.
§Personal saving is excess of disposable income over personal consumption expenditures shown
as a component of gross national product above.
Ule visions for 1952 and estimates for 19.5 i (based on anticipated capital expenditures of business) appear on p. 10 of the March 1954 SURVEY.
All industries, quarterly totalt
Manufacturing
Mining-.
.. ___ _

_




mil. ofdol
do
i
do
'