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* BUSINESS STATISTICS Wlontki X HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1953 Statistical Supplement to the SURVEY DF 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 (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. Statistics originating in Government agencies are not copyrighted and may be reprinted freely, vided 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 pro- 1955 1954 February March April May June July August Septem- October Novem- December ber ber January February March GENERAL BUSINESS INDICATORS NATIONAL INCOME AND PRODUCT Seasonally adjusted quarterly totals at annual rates :t National income, total _.. bil ofdol 298. 9 299.6 298.8 Compensation of employees, total.. . _ do Wages and salaries, to^al do Private do Military ._ do Government civilian . do Supplements to wages and salaries . - - - do 206.4 194 6 161. 2 9.7 23.7 11.8 206 6 194.9 161 5 9.5 23 8 11.7 207 2 195.6 161 6 9.6 24 4 11 6 208.9 197.2 163 0 9.5 24 7 11.7 Proprietors' and rental income, total cf do.._ Business and professionalcf . ~ 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 49.4 25.6 13.0 10.8 49.0 25 9 12.2 10 9 48.5 25 9 11 6 10 9 48.1 26 3 11.0 10.9 34.1 34.5 17.0 17.5 -.4 9.0 34.9 34.5 17.0 17.5 4 9.1 33.9 34 2 16 8 17 4 — 3 9 2 _ 4 9 2 do 355. 8 356.0 355.5 362.0 do do ._ do do . 230. 5 28.0 118.8 83.6 233 1 28 8 120 0 84.3 234 8 28.9 121 1 84.8 237 7 29 9 122.1 85.7 Gross private domestic investment, total do New construction- ._ do Producers' durable equipment do Change in business inventories ... ... do 44.5 26.0 22.7 -4.2 45.6 27 0 22.4 -3.8 45.3 9 83 21 8 —4 8 49 5 29.1 21 7 — 1.3 Net foreign investment do Government purchases of goods and services, total bil. of dol. Federal (less Government sales) do -1.1 10 2 .8 do 81.9 55.0 46.9 26.9 78.3 51.3 44.7 27.0 75.6 47.9 42.1 27 7 74 1 45.9 40.5 28.2 do do do do 285.1 32.8 252.3 21.8 285 7 32.9 252.9 19 7 286.2 32.9 253 2 18.4 289 0 33.1 255.9 18.2 Gross national product, total Personal consumption expenditures, total _ Durable goods--. Nondurable goods. _ _ _ _ . - . Services. ... State and local. __ ___ Personal income, total. .. Less: Personal tax and nontax payments Equals: Disposable personal income _ __ . Personal saving § . _______ _ - " " "" PERSONAL INCOME, BY SOURCE Seasonally adjusted, at annual rates:! Total personal income bil. ofdol.. Wage and salary disbursements, total Commodity-producing industr ies Distributive industries Service industries Government-- do do do do do 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._ 291.4 r 198.1 84.6 53.0 26.2 34.3 197.8 84.4 53.1 26.1 34. 2 T 6.6 47.2 24.5 16.5 6.6 48.3 24.6 16.4 6.6 48.8 26.2 16.7 4.6 4.7 4.7 285.0 285.0 284. 4 286. 2 286.5 285.7 285.4 286.6 286.3 194.7 84.6 51.8 24.9 33.4 194.5 84.2 52.0 25.0 33.3 194.3 83.7 52,0 25.2 33. 4 195.0 84.2 52.3 25.2 33.3 195.5 84.0 52.5 25.5 33.5 195.7 83.4 53.1 25.4 33.8 195. 5 82.7 52.8 25.8 34.2 195.4 82.4 52.9 25.9 34.2 196.1 82.9 52.9 26.1 34.2 6.6 49.6 23.9 15.0 6.6 48.9 23.9 15.8 6.6 48.2 24.0 15.9 6.6 49.4 24.0 15.8 6.6 49.2 24.1 15.8 6.6 47.9 24.2 15.8 6.6 48.2 24.3 15.5 6.6 48.8 24.4 16.0 4.8 4,7 4.6 4.6 4.7 4.5 4.7 4.6 289.3 291. 4 292.4 199. 3 85.2 53. 5 26.4 34.2 199.9 85.8 53.5 26.4 34.2 6.6 49.5 24.7 !6. 5 6.6 49.9 24.7 16.4 r r r r r r 5.2 5.1 Total nonagricultural income do 268.2 268.8 269. 1 269.7 270.3 270.6 270.2 271.1 272.3 274.6 276.5 275.5 276.3 r Revised. evse seres. u a r e r y eestimates s m a t e s oof natonal ncome and product have been revised back to 1939 (annual data, to 1929); quarterly and monthly estimates oof personal income, back to f Revised series. ^ Quarterly national^mcome productiveJ3een 1929 (monthly revisions prior to May 1953 appear in the 1954 issue of the National Income Supplement). For quarterly data prior to 2d quarter 1953, see pp. 8 and cf Includes inventory valuation adjustment. 9 Government sales are not deducted. § Personal saving is excess of disposable income over personal consu umption expenditures shown as a component of gross national product above. S-l