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SUEVEY OF CUKEENT BUSINESS

April 1969

NATIONAL INCOME AND PRODUCT TABLES
1967

1968

IV

1967

II

1967
III

1967

IV

1968

1968

IV

Seasonally adjusted at annual rates

II

1969
III

IV

Seasonally adjusted at annual rates

Billions of current dollars

Billions of 1958 dollars

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

789.7

860.6

811.0

831.2

852.9

871.0

887.4

903.4

673.1

706.7

681.8

692.7

703.4

712.3

718.4

Personal consumption expenditures

492.2

533.8

502.2

519.4

527.9

541.1

546.8

558.4

430.5

450.9

434.1

444.9

447.5

455.7

455.4

72.6
215.8
203.8

82.5
230.3
221.0

74.2
218.4
209.6

79.0
226.5
213.9

81.0
228.2
218.7

85.1 85.1
232.7 233.7
223.4 228.0

86.9
239.1
232.4

72.4
191.1
167.0

80.1
197.1
173.7

73.0
191.6
169.5

77.3
196.5
171.0

78.9
196.1
172.6

82.5
198.5
174.8

81.7
197.3
176.4

Durable goods
Nondurable goods
Services

.

__ _ .

114.3

127.7

121.8

119.7

127.3

127.1

136.6

138.9

99.5

106.9

104.7

101.5

107.3

105.8

113.1

__ 108.2

119.9

113.5

117.6

116.5

119.6

126.0

132.5

93.6

99.8

96.7

99.5

97.4

99.0

103.5

83.6
27.9
55.7

90.0
29.2
60.8

85 0
27.7
57.3

88.6
29.6
59.0

87.0
28.5
58.5

90 1
28.8
61.3

94.3
29.9
64.5

99 8
32.5
67.3

73 7
22.6
51.1

76 8
22.5
54.3

74.0
22.1
52.0

76 5
23.4
53.0

74.5
22.1
52.4

76.6
21.9
54.7

79.6
22.6
57.0

24.6
24 0
.6

29.9
29.3
.6

28.5
27.9
.6

29.1
28.5
.6

29.5
28.9
.6

29.5
28.9
.6

31.6
31 0
.6

32.7
32 1
.6

19.9
19 5
.5

23.1
22.6
.5

22.7
22.2
.5

23.0
22.6
.5

22.9
22.5
.5

22.4
21.9
.5

23.9
23.4
.5

6.1
56
.5

7.7
7.3
.5

8.3
71
1.2

2.1
16
.4

10.8
10.4
.4

7.5
73
.1

10.6
97
9

6.4
56
8

5.9
53
.6

7.1
66
.5

8.0
6.7
1.3

2.0
16
.4

9.9
9.6
.4

6.8
6.6
.1

9.6
8.8
.9

Gross private domestic investment
Fixed investment.

_

Nonresidential Structures
Producers' durable equipment
Residential structures
Nonfarm
Farm _. ._ ._
_

_

.

_

__.
.

Change in business inventories
Nonfarm
Farm...
_

_ _ . __

4.8

Net exports of goods and services
Exports
Imports

.

__

Government purchases of goods and services

723.6

2.0

3.4

1.5

2.0

3.3

1.0

o

2.4

— .3

1.0

-.1

-.6

.7

— 1.3

45.8
41 0

50.0
48 1

46.0
42 6

47.5
46 0

49.9
47 9

52.6
49 4

50 1
49 1

47 2
47 2

41.8
39 3

45.3
45 6

41.9
40 9

44.0
44 1

44.7
45 4

47.6
46.9

44.9
46 2

183 5

190 5

195 7

199 6

203 0

206 2

140 7

149 2

142 0

146 5

149.2

150.1

151.2

101.7
80 0
21 7

102 3
80 3
22 0

74.8

79.3

75.6

78.1

80.1

79.5

79.3

101 2

103 9

65 9

70 0

66.4

68.4

69.1

70.6

71.8

178 4

197 2

Federal
National defense ._
Other

90.6
72 4
18.2

100.0
78.9
21.1

93.5
74 6
19 0

97.1
76 8
20 3

100.0
79 0
21.0

101.2
79 6
21.5

State and local

87.8

97 2

90 0

93 4

95 6

98 4

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
789 7

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

_

860 6

811 0

831 2

852 9

871 0

887 4

903 4

673 1

706 7

681 8

692 7

703 4

712.3

718.4

783 6
61

852 9
77

802 7 829 1
21
83

842 1
10 8

863 5
75

876 8
10 6

897 0
6 4

667 2
59

699 6
71

673 8
80

690 7
20

693 5
99

705 5
6.8

708 7
9.6

396 9

430 8

404 8

414 9

428 4

436 9

443 0

361 0

380 3

364 4

370 4

379 2

384.7

386.8

Final sales
Change in business inventories

390 8
61

423 1
77

396 5
83

412 8
21

417 6
10 8

429 5
75

432 4
10 6

355 1
59

373 2
71

356 4
80

368 4
2 0

369 3
9.9

378 0
6.8

377 2
9.6

Durable goods
Final sales
Change in business inventories

159 3
156 4
30

176 7
172 2
4 3

164 1
159 9
42

168 2 175 3
166 7 169 1
62
15

180 0
175 1
49

183 3
177 8
56

150 3
147 6
27

162 1
158 0
4i

152 8
149 0
38

155 9
154 5
14

161 2
155 6
56

164.9
160 5
4.4

166.5
161 5
5.0

Nondurable goods
Final sales
Change in business inventories

237 6
234 5
31

254 1
250 9
32

240 7
236 6
4i

246 7
246 1
g

253 1
248 5
46

256 9
254 4
25

259 7
254 6
50

210 7
207 5
32

218 2
215 2
30

211 6
207 5
4i

214 5
213 9
6

218.0
213 7
4 3

219.8
217 4
24

220.3
215 7
4 7

314 8

342 7

324 7

330 4

339 2

347 6

qeo 7

249 6

260 0

253 2

255 1

258 7

262 3

263 7

81 5

QK 0

QK A

QD A

90 7

62 5

66 4

64 2

67 2

65 5

65 2

723.6

67 8

Services
Structures

77 9

87 1

64

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

_._

Business
Nonfarm
Farm
Households and institutions
Rest of the world
General government
* Preliminary.
336-296 O - 69 - 2




789 7

860 6

811 0

831 2

852 9

871 0

887 4

903 4

673 1

706 7

681 8

692 7

703.4

712.3

718.4

631 8

641 6

649 7

655 5

704 8

766 3

722 3

740 3 759 9

789 8

614 0

644 7

677 9
653 7
24 2

737 3
712 3
25 0

694 1
669 4
24 8

712 4
688 1
24 3

730 8
706 1
24 7

775 0
745 Q
720 2
25 5

621 7

760 5
735 0
25 5

594 0
569 9
24 i

623 7
599 8
23 9

600 8
576 3
24 5

611 4
587 8
23 6

620 5
596 2
24 3

628 5
604 5
24 0

634 4
610 5
24 0

22 3

24 0

22 9

23 5

24 2

24 2

24 2

15 5

15 7

16 1

16 3

16 2

16 0

46

49

53

44

49

52

52

45

16 1
4g

52

43

48

51

5i

88 6

Qft 8

Q4 ft

96 0

97 6

59 0

62 0

60 1

60 9

61 8

62 6

62 9

84 8

94 3

723.6

CURRENT BUSINESS STATISTICS

JLHE STATISTICS here update series published in the 1967 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.50) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1963 through 1966 (1956-66 for major quarterly series), annually, 1939-66; for selected series,
monthly or quarterly, 1947-66 (where available). Series added or significantly revised after the 1967 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (t), respectively; certain revisions for 1966 issued too late for inclusion in the 1967 volume appear in the monthly
SURVEY beginning with the September 1967 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding
to revised annual data are available upon request.
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.
1966

Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS

1967 | 1968

1966

I

Annual total

II

| III

IV

I

|

1969

1968

1967

II | III |

IV

I

II

| III |

IV

IP

Seasonally adjusted quarterly totals at annual rates

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

bil $

Personal consumption expenditures, total

do

747.6

789.7

465.5

492.2

860.6
533.8

728.4
457.8

740.4

461.1

753.3
469.3

768.2
473.7

772.2
480.9

780.2
490.3

795.3
495.5

811.0

502.2

831.2
519.4

852.9

871.0

887.4

903.4

527.9

541.1

546.8

558.4

85.1
38.2
34.5

86.9
38.0
35.4

Durable goods, total 9
Automobiles and parts
Furniture and household equipment

do
do
do

70.5
30.4
29.8

72.6
30.4
31.4

82.5
36.6
34.3

71.6
31.8
29.3

68.2
28.9
29.0

71.0
30.3
30.4

71.1
30.5
30.4

69.8
28.1
31.1

73.4
31.2
31.2

73.1
31.0
31.4

74.2
31.4
31.8

79.0
34.6
33.3

81.0
35.4
33.9

85.1
38.1
35.4

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

do
do
do
do

206.7
39.8
106.4
16.6

215.8
42.1
109.4
18.1

230.3
45.8
116.6
19.8

202.8
39.2
105.1
16.0

206.3
39.4
106.8
16.4

208.3
40.5
107.0
16.7

209.3
40.3
106.9
17.1

212.9
40.9
108.7
17.7

215.3
42.4
108.9
17.8

216.4
42.8
109.1
18.3

218.4
42.3
110.8
18.6

226.5
44.6
113.6
19.7

228.2
44.8
116.4
19.4

232.7
47.2
117.7
20.0

233.7
46.7
118.6
20.0

239.1
47.5
121.4
20.8

do
_ _ _ do
do
do

188.3
27.1
67.3
13.6

203.8
29.0
70.9
15.0

221.0
31.2
76.2
16.6

183.4
26.2
66.0
13.3

186.7
26.9
66.8
13.6

190.0
27.5
67.6
13.6

193.3
27.8
68.8
13.8

198.2
28.1
69.7
14.7

201.6
28.7
70.4
14.8

205.9
29.2
71.2
15.1

209.6
29.9
72.2
15.5

213.9
30.3
74.0
16.2

218.7
31.0
75.4
16.3

223.4
31.5
76.9
16.8

228.0
31.9
78.6
17.1

232.4
32.5
80.3
17.5

do

120.8

114.3

127.7

116.8

121.0

119.9

125.7

113.0

107.6

114.7

121.8

119.7

127.3

127.1

136.6

138.9

Fixed investment
do
Nonresidential
do
Structures
_ __ do
Producers' durable equipment
do
Residential structures
do
Nonfarm
_ _ _ _ _ do
Change in business inventories
do
Nonfarm
._
_
do

106.1
81.3
28.5
52.8
24.8
24.3
14.7
14.9

108.2
83.6
27.9
55.7
24.6
24.0
6.1
5.6

119.9
90.0
29.2
60.8
29.9
29.3
7.7
7.3

105.9
78.6
28.6
50.0
27.3
26.8
10.9
10.7

105.6
79.8
28.1
51.7
25.8
25.2
15.4
15.4

107.0
82.6
28.9
53.7
24.4
23.9
12.8
13.3

105.9
84.2
28.2
55.9
21.7
21.1
19.8
20.2

104.6
83.5
29.0
54.5
21.1
20.5
8.4
8.3

105.4
82.7
27.2
55.5
22.7
22.1
2.3
2.2

109.3
83.3
27.7
55.6
26.0
25.4
5.3
4.8

113.5
85.0
27.7
57.3
28.5
27.9
8.3
7.1

117.6
88.6
29.6
59.0
29.1
28.5
2.1
1.6

116.5
87.0
28.5
58.5
29.5
28.9
10.8
10.4

119.6
90.1
28.8
61.3
29.5
28.9
7.5
7.3

126.0
94.3
29.9
64.5
31.6
31.0
10.6
9.7

132.5
99.8
32.5
67.3
32.7
32.1
6.4
5.6

do
do
do

5.1
43.1
38.1

4.8
45.8
41.0

2.0
50.0
48.1

6.0
42.1
36.1

5.2
42.6
37.3

4.5
43.6
39.1

4.5
44.2
39.7

5.2
45.5
40.3

5.1
45.5
40.4

5.4
46.1
40.6

3.4
46.0
42.6

1.5
47.5
46.0

2.0
49.9
47.9

3.3
52.6
49.4

1.0
50.1
49.1

.0
47.2
47.2

Govt. purchases of goods and services, total__do
Federal,
do
National defense
___
do
State and local _ ,
do

156.2
77.4
60.6
78.8

178.4
90.6
72.4
87.8

197.2
100.0
78.9
97.2

147.8
72.5
55.3
75.3

153.1
75.6
58.6
77.4

159.5
79.9
63.0
79.7

164.3
81.5
65.4
82.7

173.1
87.4
70.0
85.8

177.3
90.0
72.1
87.2

179.6
91.3
72.9
88.4

183.5
93.5
74.6
90.0

190.5
97.1
76.8
93.4

195.7
100.0
79.0
95.6

199.6
101.2
79.6
98.4

203.0
101.7
80.0
101.2

206.2
102.3
80.3
103.9

By major type of product: t
Final sales, total ...
. _
Goods, total
Durable goods
Nondurable goods
Services
Structures

do
do
do
_ do
do
do

732.8
367.5
145.7
221.8
288.0
77.3

783.6
390.8
156.4
234.5
314.8
77.9

852.9
423.1
172.2
250.9
342.7
87.1

717.5
360.5
143.3
217.3
277.5
79.5

725.0
362.6
142.2
220.4
284.7
77.7

740.4
371.0
147.3
223.7
292.3
77.2

748.4
375.3
150.2
225.1
298.1
74.9

763.8
381.5
151.1
230.4
306.3
76.1

778.0
391.8
157.1
234.7
310.9
75.3

789.9
393.6
157.3
236.2
317.5
78.8

802.7
396.5
159.9
236.6
324.7
81.5

829.1
412.8
166.7
246.1
330.4
85.8

842.1
417.6
169.1
248.5
339.2
85.4

863.5
429.5
175.1
254.4
347.6
86.4

876.8
432.4
177.8
254.6
353.7
90.7

897.0

do
do
do

14.7
10.2
4.5

6.1
3.0
3.1

7.7
4.6
3.2

10.9
7.6
3.3

15.4
9.9
5.5

12.8
10.5
2.4

19.8
13.6
6.3

8.4
3.3
5.0

2.3
.6
1.7

5.3
3.8
1.6

8.3
4.2
4.1

2.1
1.5
.6

10.8
6.2
4.6

7.5
4.9
2.5

10.6
5.6
5.0

6.4

723.6

Services, total 9 .
Household operation
Housing
Transportation

_

Gross private domestic investment, total

Net exports of goods and services__
Exports
_ _ _
Imports

Change in business inventories
Durable goods
Nondurable goods.
_._
GNP in constant (1958) dollars
Gross national product, total t

bil $

Durable goods
Nondurable goods.
Services
_
Gross private domestic investment, total
Fixed investment
Nonresidential
. . .
Residential structures
Change in business inventories
Net exports of goods and services

_ _

657.1

673.1

706.7

648.6

653.3

659.5

687.1

665.7

669.2

675.6

681.8

692.7

703.4

712.3

718.4

do

417.8

430.5

450.9

415.7

414.8

420.0

420.6

424.8

431.2

431.8

434.1

444.9

447.5

455.7

455.4

do
do
do

Personal consumption expenditures, total

71.3
186.9
159.5

72.4
191.1
167.0

80.1
197.1
173.7

72.9
185.5
157.3

69.2
186.9
158.7

71.8
187.8
160.4

71.4
187.5
161.7

70.1
190.3
164.4

73.7
191.6
165.9

72.6
191.1
168.1

73.0
191.6
169.5

77.3
196.5
171.0

78.9
196.1
172.6

82.5
198.5
174.8

81.7
197.3
176.4

do_

108.8

99.5

106.9

106.1

109.5

107.4

112.3

99.8

94.2

99.3

104.7

101.5

107.3

105.8

113.1

do
do
do
.do

94.9
73.8
21.1
13.9

93.6
73.7
19.9
5.9

99.8
76.8
23.1
7.1

95.8
72.2
23.6
10.3

94.7
72.7
22.0
14.7

95.5
74.8
20.7
12.0

93.7
75.4
18.2
18.6

91.8
74.2
17.6
8.0

92.0
73.3
18.7
2.3

94.0
73.2
20.8
5.2

96.7
74.0
22.7
8.0

99.5
76.5
23.0
2.0

97.4
74.5
22.9
9.9

99.0
76.6
22.4
6.8

103.5
79.6
23.9
9.6

do

4.0

2.4

-.3

5.3

4.3

3.6

2.9

3.0

2.8

3.1

1.0

-.1

-.6

.7

Govt. purchases of goods and services, total. _do_ .
149.2
126.5 140.7
121.5
124.7
Federal
_ _
do
65.2
79.3
61.8
64.0
74.8
State and local..
do
61.3
70.0
59.6
65.9
60.7
r
Revised.
v Preliminary.
f Revised series. Est imates ol nationa1 income and prod uct
and personal income have been revised back to 1965 (s< p. 19 ff . of the July 1968 SURVEY for
36

-1.3

149.2
141.0
142.0
128.5
131.3
141.4
146.5
138.1
150.1
151.2
66.9
67.9
72.7
75.1
75.6
75.6
78.1
80.1
79.5
79.3
63.4
65.4
66.0
65.8
66.4
68.4
69.1
61.6
70.6
71.8
datat eginning 1965); re visions p>rior to IVfay 1967 for persoilal incoirte appear on p. 28 if. of the
July 1968 SURAfEY.
? Includes data n ot show n separat ely.

S-l
336-296 O - 69 - 3




April 1969

SURVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS

1966

| 1967

Annual total

II

III

IV

I

II

1969

1968

1967

1966

1968

III

IV

II

I

III

IV

IP

II

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
bil $

620.8

652.9

712.8

615.1

626.7

637.3

638.6

645.1

656.9

670.9

688.1

705.4

722.5

' 735. 1

do

435.6

468.2

513.6

430.8

441.4

449.7

456.7

461.8

471.5

482.7

496. 8

507.1

519.7

530.7

544.8

do
do. __
__ do
do

304. 6
316.9
14.6
63.1
41.1

423.4
337.1
16.3
70.0
44.8

463.5
367.2
18.3
78.1
50.1

390. 2
314.0
14.2
62. 1
40.5

399.8
320.8
14. 9
64.1
41.5

407.2
326.0
15.5
65.7
42.5

413.3
330.2
15.8
67.2
43.4

417.6
332.8
15.!)
68.8
44.2

426.3
339.4
16.1
70.8
45.2

436.4
346.0
17.1
73.3
46.2

448.3
355.7
17.5
75.2
48.4

457.6
362.8
17.8
77.0
49.4

469.0
370.9
18.9
79.1
50.7

479.0
379.2
18.8
81.1
51.7

490.5
389.1
18.8
82.6
54.4

do
do
do
do

60.7
44.8
15.9
19.8

60.7
46.3
14.4
20.3

62.9
47.8
15.1
21.0

60.8
44.7
16. 1
19. 7

60.2
44.7
15.5
19. 9

60.2
45. 2
15.1
20.0

60.1
45.7
14.4
20.1

60.5
46.1
14.4
20.2

61.2
46.6
14.6
20.4

61.1
46.8
14.3
20.5

61.8
47.2
14.6
20.7

62.6
47.8
14.8
20.9

63.4
48.0
15.4
21.0

63.7
48.2
15.5
21.2

63.7
48.4
15.2
21.4

83.9

80.4

'89. 1

83.4

84.2

85.3

79. 5

79.6

80.2

82.3

83.8

89.2

91.6

'91.8

10.2
73.7
42.8
18.8
24.1

10.3
70.1
39. 2
18.0
21.2

11.5
'77.6
44.5
19.8
24.7

10.2
73.2
42.6
18.8
23.8

10.4
73.8
42.7
19.0
23.6

10.4
74.9
43.3
18.8
24.5

10.3
69. 2
39.3
18.3
21.0

10.2
69. 5
3'.). 1
17.9
21.2

10.3
69. 9
38.5
17.9
20.6

10.6
71.7
39.9
18.0
21.9

11.0
72.9
41.3
19.0
22.3

11.2
77.9
44.9
19.7
25.2

11.9
79.7
45.3
20.3
25.0

11.8
'80.0
46.5
20.2
26.3

I9 0
18.8

11.8
19. 0

12.6
20.6

12.1
18.5

12. 1
19.0

12.0
19.6

11.7
18.1

11.8
18.6

12.0
19.4

11.9
20.0

12.5
19. 0

12.5
20.6

13.0
21.4

12.3
21.3

85.6
34.6
51.0
21.7
29. 3
—1 7
20.8

81.6
33.5
48.1
22. 9
25.2
—1 2
23.3

92.3
41.3
51.0
24.6
'26.3
-3.1
26.3

85.6
34.6
51.0
21.9
29.1
-2.2
20.4

86.7
35.0
51.6
21.9
29.7
-2.5
21.1

85.0
34.4
50.7
21.6
29. 1
.3
22.0

79. 9
32.8
47.1
22. 5
24.6
-.4
22 2

80.3
33.0
47.3
23.2
24.1
22.' 9

80.8
33.2
47.6
23.5
24.1
-.6
23.6

85.4
35.1
50.3
22.5
27.9
-3.1
24.3

88.9
39.8
49.1
23.6
25.5
-5.1
25.0

91.8
41.1
50.7
24.4
26.3
-2.7
25.8

92.7
41.5
51.2
25.2
26.0
-1.0
26.7

'95.7
'42.8
'52.8
25.4
'27.5
-3.8
27.6

-5.9
28.5

586.8
75.3
511.6
478. 6
32.9

628.8
82.5
546.3
506.2
40.2

685.8
96.9
589.0
548.2
40.7

580.3
74.7
505. 5
474.2
31.4

592.1
76.8
515. 4
482. 5
32.9

604.5
79.2
525.4
487.3
38.1

614.8
80.5
534.2
494. 6
39.7

621.6
80.1
541.5
504.5
37.0

633.7
83.6
550. 0
50!). 5
40.5

645.2
85.6
559. 6
516.1
43.4

662.7
88.3
574.4
533.5
40.8

678.1
91.9
586.3
542.3
44.0

694.3
101.6
592.7
555.6
37.1

708.2
105.8
602.4
561.6
40.9

721.4
112.8
608.6
573.3
35.3

bil. $
do
do
do

60.63
26.99
13.99
13.00

61.66
26.69
13.70
13.00

64.08
26.44
13.51
12.93

15.29
6.78
3.51
3.27

15.57
6.84
3.54
3.30

17.00
7.75
4.07
3.68

13.59
6.10
3.08
3.02

15.61
6.81
3.46
3.34

15.40
6.48
3.33
3.15

17.05
7.30
3.82
3.48

14.25
5.79
2.96
2.82

15.86
6.50
3.22
3.28

16.02
6.63
3.37
3.25

17.95
7.52
3.95
3.57

do
do
do
do
do
do

1.47
1.98
3.44
8.41
5.62
12.74

1.42
1.53
3.88
9.88
5.91
12.34

1.42
1.34
4.31
11.54
6.36
12.67

.40
.55
1.00
2.09
1.42
3.06

.37
.48
.82
2.36
1.36
3.33

.38
.55
.86
2.36
1.58
3.52

.32
.41
.70
1.84
1.35
2.87

.34
.41
1.12
2.46
1.49
2.99

.37
.35
.98
2.66
1.46
3.09

.39
.36
1.07
2.92
1.62
3.39

.36
.37
.98
2.33
1.48
2.93

.36
•-.36
1.04
2.97
1.51
3.11

.34
.30
1.12
2.96
1.50
3.18

.35
.30
1.18
3.28
1.86
3.46

do
do
do___
do

60.10
26.80
13.85
12.95

61.25
27.55
14.35
13.20

62.80
27.75
14.50
13.25

61.65
27.85
14.20
13.70

61.50
27.00
13.75
13.25

60.90
26.15
13.50
12.65

62.70
26.00
13.50
12.55

64.75
26.35
13.65
12.70

62.60
25.80
12.80
13.00

63.20
26.65
13.65
13.05

65.90 i 71. 65 2 70. 85
29.95
26.85
29.50
15.15
13.90
15.30
14.80
12.95
14.20

do
do
do
do
do
do

1.55
2.00
3.50
8.30
5.50
12.45

1.45
1.85
3.40
8.55
5.60
12. 85

1.45
2.35
3.50
8.50
5.95
13.30

1.40
1.80
3.05
9.20
5.75
12.55

1.30
1.55
3.90
9.70
5.80
12.25

1.45
1.40
4.10
9.80
6.05
11.95

1.50
1.40
4.45
10.65
6.05
12.65

1.55
1.65
4.35
11.60
6.35
12.85

1.40
1.40
3.65
11.65
5.90
12.80

1.35
1.20
4.60
10.90
6.15
12.35

1.35
1.65
1.15
1.45
4.80
5.00
12.00
13.40
6.95
12.75 3 20. 70

10,645
7,179
219
1,537
1,710

10,912
7,369
205
1,589
1,749

11,059
7,440
205
1,648
1,766

11,371
7,661
335
1,594
1,781

11,377
7,703
336
1,556
1,782

11,513
7,626
245
1,827
1,815

11,496
7,478
323
1,882
1,813

11, 850
7, 914
306
1,741
1,889

12, 607
8,379
360
1,948
1,920

13, 282
8,835
403
2,054
1,990

National income totalt
Compensation of employees total
Wages and salaries, totaL
Private _
Government civilian
_
Supplements to wages and salaries
Proprietors' income, total 9
Business and professional 9
Farm
Rental income of persons

Corporate profits and inventory valuation adjustment total
bil $
By broad industry groups:
Financial institutions
do
Nonfinancial corporations total
do
Manufacturing total
do
Durable goods industries
do
Transportation, communication, and public
utilities
bil $
All other industries
do
Corporate profits before tax total
Corporate profits tax liability
Corporate profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Net interest

do
do
do
do
do
do
do

25.4

DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income, total
... _bil. $
Less: Personal tax and nontax payments
do
Equals' Disposable personal income
do
Less* Personal outlays©
do
Equals: Personal saving§
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
Manufacturing
Durable goods industries!
Nondurable goods industries^
Mining
Railroad __
_
Transportation, other than rail
Public utilities _ .
Communication
Commercial and other
Seas. adj. qtrly. totals at annual rates:
All industries.
Manufacturing
Durable goods industries!
Nondurable goods industries!
Mining.
Railroad
Transportation, other than rail
Public utilities
Communication
Commercial and other _ _ _
U.S.

i 15. 82 2 17. 90
7.51
6.50
3.33
3.78
3.73
3.17
.38
.34
1.10
2.73

.41
.42
1.14
3.42

34.77

35.01

1.60
1.60
4.05
13.35
3 20. 35

BALANCE OF INTERNATIONAL
PAYMENTSc?1

Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants)
mil $
Merchandise, adjusted, excl. military
do
Transfers under military sales contracts
do
Income on U S investments abroad.
do
Other services
do

43, 144
29, 176
829
6,252
6,887

45, 757 P50, 202
30, 468 P33, 376
1,239 P 1,424
6,859 -P 7,687
7,191 v 7, 715

12, 463
8,248
P 355
1,944
1,916

Imports of goods and services
do
-38, 063 -40,988 *>-48,235 -9,336 -9, 778 -9, 929 -10,078 -10,108 -10,154 -10,648 '-11,552 -11,985 -12,428 -12,270
Merchandise adjusted excl military
do
-25, 541 -26,991 p
^-33,273 -6,263 -6, 567 -6, 675 -6,686 -6,605 -6,541 -7, 159 -7,879 -8,335 -8,592 1 -8,467
-979 -1,072 -1,065 -1,098 -1,104 -1,110 -1, 123 -1,145 -1, 183
-962
Military expenditures
do
-3,736 -4,339 p -4, 561 -923
-703
-659
-740 P-702
-598
-575
-560
-563
-2,293 p-2,804 -479
-556
Income on foreign investments in the U.S. .do
-2, 074
Other services
do
-6,712 -7,365 -7, 597-1,671 -1,693 -1,712 - 1 , 760 -1,878 -1,940 -1,787 -1,904 -1,824 -1,951 p-1,918
Unilateral transfers, net (excl. military grants);
-713
-749 p-771
-642
-641
-845
-859
-730
-647
-701
transfers to foreigners (— )
mil. $__ -2,925 -3,075 p-2,875 -732
' Revised.
» Preliminary.
« Corrected,
0P(^rsonal o utlays c()mprise personal consum >tion ex] 3enditure s, interest paid by consumerrs, and pe rsonal tr ansfer pa yments ,o foreign er«.
i Estimates for Jan.-Mar. 1969 based on anticipates1 capital expenditu res of bu siness.
§Pe sonal sa ping is ex cess of d sposable income aver pers onal out' ays.
2 Estimates for Apr.-June 1969 based on anticip ated capi tal expen ditures of busin ess.
HDa ta for in dividual durable and non durable joods inc ustries c omponeiits appear in the
Anticipated expenditures for the year 1969 are as fo Hows (in bil. $): 1Lll indus tries. 72 .96;
Mar., Tune, Sej3t., and 1 )ec. issu BS of the SURVEY.
manufacturing, total, 30.65; durable goods industri es, 15.48; nondural>le goods industr ies,
ar.,
15.17; mining, 1.60; railroad, 1.73; transportation, 4.83 public u tilities, 13.16; connnunicati on,
cfM ore comp lete deta Is are giv en in the quarterl y reviews in the \ Jun e, Sept. .and Dec.
.
issues of the STJBVEY. EDevised d ata back to 1960 appear o n p. 32 ff of the JFune 1968 issue.
7.44; commercial and other, 13.56.
3 Includes cominunicatio n.
fSee corresponding note on p. S-l.
9 Includes iiiventory valuation adjustm 3nt.




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