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SURVEY OF CURRENT BUSINESS

April 1970

NATIONAL INCOME AND PRODUCT TABLES
II

IV

III

II

IV

1968

IV

1970

1968

1970

1969

1968

III

IV

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)
Gross national product. _

865.7

892.5

908.7

924.8

942.8

952.2

960.4

707.6

727.5

718.5

723.1

726.7

730.6

729.8

726.9

466.1

457.6

462.9

466.2

466.5

468.6

471.9

84.7
199.3
182.5

84.8
199.6
184.2

83.5
202.8
185.6

536.6
__

Fixed investment .

550.7

572.8

579.8

589.5

600.6

452.6

89 8
243.6
242.6

86 3
234 3
230.1

88 4
238.6
235.0

90 6
242 1
240.1

89 8
245.1
244.9

90.4
248.7
250.3

89.7
255.3
255.6

80.7
196.9
175.0

84.9
199.4
181.8

82.7
197.2
177.7

84.3
199.3
179.3

85.9
199.3
181.0

126.3

. __ _ _

Gross private domestic investment

576 0

562.0

83 3
230 6
222.8

Personal consumption expenditures
Durable goods
Nondurable goods
Services

932.1

139.4

133.9

135.2

137.4

143.3

141.8

137.3

105.7

111.8

110.9

109.9

110.8

114.3

112.2

107.1

104.8

105.0

105.5

104.5

82.8
24.3
58.6

83.0
25.0
58.0

132 5

134.0

99.1

104.8

101.4

104.0

119 0

131 4

Nonrestdential
Structures
Producers' durable equipment

88 8
29 3
59 5

99 2
33 4
65 8

91 5
30 1
61 4

95 3
32 3
63 0

97 8
32 1
65.7

101 1
34 7
66 4

102 5
34.5
68.0

104 3
35 9
68 4

75.8
22.7
53.2

81.4
24.0
57.4

77.3
22.9
54.4

79.4
81.0
23.9
23.3
55.5 • 57.7

82.4
24.6
57.8

Residential structures
Nonfarm
Farm

30 2
29 6
5

32 2
31.7
5

31 9
31 4
5

33 3
32 8
5

32 7
32 2
5

31 4
30 9
5

31 6
31.0
5

30 1
29 6
5

23.3
22.8
.4

23.4
23.0
.4

24.1
23.7
.4

24.6
24.2
.4

23.8
23.4
.4

22.6
22.2
.4

22.7
22.3
.4

21.5
21.1
.4

7.3
7 4
_ i

80
7 8
2

10 5
10 7
_ 2

6.6
66

69
67
2

10 7
10 3
"4

7.7
7 4
.4

2 9
2 6
'3

6.6
6.7
—.1

6.9
6.7
.2

9.6
9.8
-.2

5.9
5.9
.0

6.0
5.8
.2

9.3
8.9
.4

6.7
6.4
.3

2.5
2.3
.3

_

Change in business inventories
Nonfarm
Farm... _ __

_

._ __

123 4

128 6

o

130 5

134 4

25

Exports
Imports
Government purchases of goods and services. . .
Federal
__
National defense
Other .

.

21

12

1.5

1*6

27

27

37

.9

.0

— .2

-.3

-.5

.4

.5

1.3

50 6
48 1

Net exports of foods and services

55 3
53 2

50 6
49 4

47 6
46 1

57 1
55 5

57 8
55 2

58 6
55 9

60 7
57 0

45 6
44 7

48 0
48.0

45.5
45.7

41.9
42.2

50.4
50.8

50.2
49.8

49.7
49.2

51.4
50.1

218.3

218.8

200.3

214.6

206.7

210.0

212.9

103 2
80 3
22 9

102 3
79 2
23 1

100 2
77 3
22 9

113 8

116 0

118 6

99 5
78 0
21 5

State and local

_

101 9
79 2
22 7

101 9
79 3
22 5

101 6
79 0
22 6

100 6
78 5
22 1

100 7

112 7

104 8

108 5

112 3

217.0

149.4

148.4

146.7

150.2

150.6

150.2

78 9

76.0

79.4

78.3

76.3

75.5

73.9

71.3

69.5

73.7

70.8

72.3

73.9

73.9

74.6

75.3

148.4

149.7

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
865 7

932 1

892 5

908 7

924 8

942 8

952 2

960 4

707.6

727.5

718.5

723.1

726.7

730.6

729.8

726.9

858 4
73

924 1
80

882 0
10 5

902 1
66

917 9
69

932 0
10 7

944 5
77

957 5
2 9

701 0
66

720 6
69

709.0
9.6

717.2
5.9

720.7
6.0

721.3
9.3

723.1
6.7

724.4
2.5

431 1

459 8

443 5

447 9

456 5

465 9

468 8

381.3

392.7

388.2

389.1

391.6

395.9

394.2

423 7
73

451 8
80

433 0
10 5

441 3
66

449 6
69

455 2
10 7

461 1
7 7

374 7
66

385 8
6 9

378 7
9.6

383.2
5.9

385.7
6.0

386.6
9.3

387.5
6.7

Durable goods
Final sales
Change in business inventories

176 7
171 4
53

191 7
186 2
55

184 0
176 6
7 4

186 4
181 6
48

190 3
185 5
49

195 4
187 8
76

194 6
189 9
4 7

162 8
158 0
47

171 9
167 2
47

167.8
161 2
65

169.0
164 8
4.2

171.4
167 3
4.1

174.7
168.1
6.6

172.6
168.6
4.0

Nondurable goods
Final sales
__ . _
Change in business inventories. . .

254 4
252 3
20

268 1
265 6
2 5

259 5
256 4
3i

261 5 266 2 270 5 274 2
259 7 264 1 267 4 271 2
18
21
31
30

218 6 220 8
216 7 218.6
22
19

220.5 220.2
217.5 218.4
1.7
30

220.2
218. 4
1.9

221.2
218.5
2.7

221.5
218.9
2.6

Services....

347.5

377.4

358.5

365.8

373.4

381.6

388.6

259.9

267.1

262.7

264.6

267.0

267.6

269.3

Structures.-.

87.1

95.0

90.6

94.9

94.8

95.3

94.8

66.4

67.7

67.5

69.3

68.0

67.1

66.3

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

2 9

2.5

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

865 7

932 i

892 5

908 7

924 g

942 g

952 2

960 4

707 6

727 5

718.5

723.1

726.7

730.6

729.8

726.9

770-5

828 0

794 0

808 5

822 7

836 5

844 3

850 6

647 9

666 5

658 3

662 6

665.8

669.4

668.2

665.0

740 6
715 7
24 9

795 3
768 3
27 0

763 1
738 4
24 7

776 7
751 1
25 7

790 5

803 6

810 3

815 5
707 c
97 Q

627 5
604 2
23 3

645 2
621 7
23 5

637 5
614 6
22 9

641 5
617 8
23 7

644 8
621 1
23 7

648.2
624 1
24 1

646.5
624 0
22.6

643.0
619.6
23.3

25 2

28 6

26 0

27 2

28 3

28 9

30 0

31 1

15 9

17 3

16 2

16 8

17 2

17.4

17.8

18.3

4 7

41

49

4 5

39

41

40

39

4 5

39

46

43

37

39

3.8

3.7

95 2

_

104 1

98 5

100 2

102 1

Iflfi 2

ino A

inn o

59 7

61 0

60 2

60 5

60 9

61 1

61.6

61.9

7fiQ n
97 fi

77K Q
97 7

700 q
9« Q

Preliminary.




The retroactive 6 percent pay raise for military and civilian employees of the Federal
Government was signed into law as this issue of the SURVEY went to press. The treatment
of the retroactive portion of the pay raise in the national income and product accounts
will be discussed in the May issue of the SURVEY.

CURRENT BUSINESS STATISTICS

J_HE STATISTICS here update series published in the 1969 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $3.00) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1965 through 1968 (1958-68 for major quarterly series), annually, 1939-68; for selected series,
monthly or quarterly, 1947-68 (where available). Series added or significantly revised after the 1969 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (f), respectively; certain revisions for 1968 issued too late for inclusion in the 1969 volume appear in the monthly
SURVEY beginning with the September 1969 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.
1967

Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown in
the 1969 edition of BUSINESS STATISTICS

| 1968

1967

1969
I

Annual total

II

1%8
III

IV

I

| II

1969

III

I

IV

II

1970

III

IV

IP

942.8

952.2

960.4
600.6

Seasonally adjusted quarterly totals at annual rates

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

bil. $

Personal consumption expenditures, total .. do

Services total 9
Household operation
Housing
Transportation

--

932.1

774 2

783 5

800 4

816 1

835 3

858 7

876 4

892 5

908 7

924.8

492.3

536.6

576.0

480 9

489.8

495 7

502 6

520 6

530 3

544 9

550 7

562.0

572.8

579.8

do
do
do

73.0
30.5
31 3

83.3
37.0
34.2

89.8
40.4
36.0

70 0
28 4
30 7

73.5
31.3
31.2

73 3
30 9
31 2

75 2
31 2
32 2

79 5
34 8
33 4

81 8
35 6
33 8

85 8
38 6
35 0

86 3
39 0
34 6

88 4
39.4
35 5

90.6
40.0
36.8

89.8
40.8
35.8

90.4
41.3
35.8

89.7
38.6
37.2

do
do
do
-- -- -do

215 1
42.5
108.1
17.7

230.6
46.3
115.0
19.1

243.6
49.9
119.8
21.3

213
41
107
17

2
7
8
3

214.4
42.6
107.6
17.5

215 8
42 9
108 1
17.9

216 8
42 7
108 9
18 1

226 1
45 0
112 6
18.9

228 5
45 6
114 8
18 8

233 3
47 4
116 1
19.5

234
47
116
19

3
3
4
5

238 6
48 1
118.4
20.4

242.1
50.0
119.1
21.0

245 1
50.8
119.9
21.8

248.7
50.8
121.7
22.0

255 3
50.9
126.0
22.7

do
-do _
- -do
do

- —

865 7

589.5

204.2
29.1
71.8
14.7

222.8
31.2
77.4
16.1

242.6
33.5
83.7
17.5

197.7
28 2
70.1
14.4

201.8
29.0
71.1
14.5

206.6
29.3
72.3
14.8

210.6
30 1
73.7
15.0

215.1
30.5
75.2
15.5

220.0
30 7
76.7
15.9

225.8
31.6
77.9
16.3

230.1
31.9
79.8
16.5

235. 0
32 7
81.3
17.1

240.1
33.1
82.8
17.3

244.9
33.9
84.4
17.7

250.3
34.1
86.4
17.9

255.6
35.0
88.3
18.4

do

Durable goods total 9
Automobiles and parts _ -Furniture and household equipment
Nondurable goods total 9
Clothing and shoes
Food and beverages
Gasoline and oil

793 5

-

116.0

126.3

139.4

113.6

109.4

117.7

123.3

119.4

126.6

125.2

133.9

135.2

137.4

143.3

141.8

137.3

Fixed investment
do — 108.6
83.7
Nonresident ial
-do_
27.9
Structures
do_ __
55.7
Producers' durable equipment
do_ _
25.0
Residential structures
- - -- -do
24.4
Nonfarm
do __
7.4
Change in business inventories
_do_ _
6.8
Nonfarm
do —

119.0
88.8
29.3
59.5
30.2
29.6
7.3
7.4

131.4
99.2
33.4
65.8
32.2
31.7
8.0
7.8

104.7
83.3
29.0
54.2
21.4
20.9
9.0
9.1

106.1
83.0
27.2
55.8
23.1
22.5
3.4
3.0

109.9
83.5
27.8
55.7
26.5
25.9
7.8
7.0

113.8
85.0
27.8
57.2
28.8
28.3
9.5
8.0

117.7
89.1
29.8
59.4
28.6
28.0
1.6
1.3

116.7
86.4
28.3
58.1
30.3
29.7
9.9
10.3

118.0
88.1
29.0
59.1
29.9
29.4
7.2
7.5

123.4
91.5
30.1
61.4
31.9
31.4
10.5
10.7

128.6
95.3
32.3
63.0
33.3
32.8
6.6
6.6

130.5
97.8
32.1
65.7
32.7
32.2
6.9
6.7

132.5
101.1
34.7
66.4
31.4
30.9
10.7
10.3

134.0
102.5
34.5
68.0
31.6
31.0
7.7
7.4

134.4
104.3
35.9
68.4
30.1
29.6
2.9
2.6

5.2
46.2
41.0

2.5
50.6
48.1

2.1
55.3
53.2

5.4
45.8
40.4

5.8
45.9
40.1

5.6
46.3
40.7

3.8
46.7
42.8

1.9
47.7
45.9

3.4
50.7
47.3

3.6
53.4
49.7

1.2
50.6
49.4

1.5
47.6
46.1

1.6
57.1
55.5

2.7
57.8
55.2

2.7
58.6
55.9

3.7
60.7
57.0

Govt. purchases of goods and services, total, .do
Federal
- do
National defense
do
State and local
do

180.1
90.7
72.4
89.3

200.3
99.5
78.0
100.7

214.6
101.9
79.2
112.7

174.2
87.8
69.9
86.4

178.5
90.3
71.9
88.1

181.3
91.3
73.0
90.0

186.4
93.5
74.6
92.9

193.4
96.3
76.1
97.1

198.4
99.0
77.9
99.4

202.5
100.9
78.8
101.7

206.7
101.9
79.3
104.8

210.0
101.6
79.0
108.5

212.9
100.6
78.5
112.3

217.0
103.2
80.3
113.8

218.3
102.3
79.2
116.0

218.8
100.2
77.3
118.6

By major type of product:
Final sales total
Goods total
Durable goods
Nondurable goods
Services
Structures

786.2
391.0
157.0
234.1
316.7
78.4

858.4
423.7
171.4
252.3
347.5
87.1

924.1
451.8
186.2
265.6
377.4
95.0

765.2
382.5
151.9
230.7
306.4
76.3

780.2
392.5
158.3
234.2
312.0
75.6

792.6
393.3
157.7
235.5
320.1
79.3

806.6
395.8
160.0
235.9
328.4
82.4

833.6
412.8
166.4
246.5
335.0
85.8

848.8
419.3
168.9
250.4
343.4
86.0

869.2
429.9
173.7
256.1
353.2
86.1

882.0
433.0
176.6
256.4
358.5
90.6

902.1
441.3
181.6
259.7
365.8
94.9

917.9
449.6
185.5
264.1
373.4
94.8

932.0
455.2
187.8
267.4
381.6
95.3

944.5
461.1
189.9
271.2
388.6
94.8

957.5

7.4
3.9
3.5

7.3
5.3
2.0

8.0
5.5
2.5

9.0
4.2
4.7

3.4
1.5
1.8

7.8
4.4
3.4

9.5
5.6
3.9

1.6
1.9
-.3

9.9
6.8
3.1

7.2
5.1
2.1

10.5
7.4
3.1

6.6
4.8
1.8

6.9
4.9
2.1

10.7
7.6
3.1

7.7
4.7
3.0

2.9

Gross private domestic investment, total

Net exports of goods and services
Exports
Imports

do
do
do_ __

-

- -

- -do. _
do
- do
do
do
do

Change in business inventories
do
Durable goods
do
Nondurable goods
_ _ _ _ _ __do
GNP in constant (1958) dollars
Gross national product total

bil. $

Personal consumption expenditures, total _ _do
Durable goods
Nondurable goods
Services. _
_ _ _

do
_ _ do_
do

674.6

707.6

727.5

666.5

670.5

678.0

683.5

693.3

705.8

712.8

718.5

723.1

726.7

730 6

729.8

726 9

430.3

452.6

466.1

424.4

430.5

431.9

434.3

445.6

449.0

458.2

457.6

462.9

466.2

466.5

468.6

471.9

72.8
190.3
167.2

80.7
196.9
175.0

84.9
199.4
181.8

70.3
190.2
163.9

73.9
190.6
166.1

73.0
190.3
168.6

73.9
190.2
170.3

77.7
196.0
171.8

79.5
195.8
173.7

83.0
198.7
176.5

82.7
197.2
177.7

84.3
199.3
179.3

85.9
199.3
181.0

84 7
199.3
182.5

84.8
199.6
184.2

83.5
202.8
185.6

do

100.8

105.7

111.8

100.5

95.7

101.6

105.4

101.2

106.6

104.1

110.9

109.9

110.8

114.3

112.2

107.1

Fixed investment
Nonresidential
Residential structures... _
Change in business inventories

do
- do
do
do

93.9
73.6
20.3
6.9

99.1
75.8
23.3
6.6

104.8
81.4
23.4
6.9

92.0
74.1
17.9
8.5

92.6
73.5
19.0
3.1

94.3
73.1
21.2
7.4

96.7
73.8
23.0
8.7

99.8
77.1
22.7
1.5

97.6
74.0
23.5
9.0

97.7
75.0
22. 7
6.4

101.4
77.3
24.1
9.6

104.0
79.4
24.6
5.9

104.8
81.0
23.8
6.0

105 0
82.4
22.6
93

105.5
82.8
22.7
6.7

104 5
83.0
21.5
2 5

Net exports of goods and services

do

3.6

.9

.0

4.0

4.2

4.1

2.0

.9

1.3

1.7

2

-.3

-.5

.4

.5

1.3

148.4
140.0
149.7
Govt. purchases of goods and services, total.. do
78.9
74.8
76.0
Federal
do
69.5
65.2
73.7
State and local
do
r
Revised.
? Preliminary.
9 Includes data not shown separately.

137.6
72.8
64.8

140.1
75.1
65.0

140.4
75.5
64.9

141.7
75.7
66.0

145.6
77.3
68.3

148.9
79.6
69.3

148.8
79.2
69.6

150.2
79.4
70.8

150.6
78.3
72.3

150.2
76.3
73.9

149.4
75 5
73! 9

148.4
73 9
74.6

146.7
71 3
75.3

Gross private domestic investment, total

380-168 O
 - 70 - 4


S-l

SURVEY OF CUERENT BUSINESS

S-2
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown in
the 1969 edition of BUSINESS STATISTICS

1967

1968

| 1969

Annual total

1967
II

III

April 1970

1968
IV

I

II

1969
III

IV

I

II

1970
III

IV

IP

II

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

654.0

714.4

0

646.2

658.5

672.0

688.8

707.4

724.1

737.3

751.3

765.7

780.6

' 786. 5

Compensation of employees, total..-

do

467.4

513.6

564.3

461.1

470.7

481.7

495.1

507.0

519.8

532.3

546.0

558.2

571.9

581.1

589.5

Wages and salaries, total
_
Private . __
_ _ _
Military
Government civilian
_
Supplements to wages and salaries
Proprietors' income, total 9
Business and professional 9
Farm
Rental income of persons

do
_ _ do
do
do
do
_ do_.
do
do
do

423.5
337.3
16.2
70.0
43.9
61.9
47.2
14.7
20.8

465.0
369.0
18.0
78.0
48.6
63.8
49.2
14.6
21.2

509.9
405.3
19.2
85.4
54.4
66.3
50.2
16.1
21.6

417.7
333.0
15.9
68.8
43.4
61.7
47.1
14.7
20.8

426.5
339.6
16.1
70.8
44.2
62.6
47.8
14.8
20.9

436.5
346.3
17.0
73.2
45.1
62.3
47.5
14.9
21.0

448.2
355.9
17.3
75.0
47.0
63.2
48.4
14.8
21.1

459.0
364.5
17.6
76.8
48.0
63.6
49.2
14.3
21.2

470.7
372.7
18.7
79.3
49.1
64.1
49.3
14.8
21.2

482.1
382.8
18.3
80.9
50.2
64.1
49.7
14.4
21.4

493.3
392.5
18.2
82.5
52.7
64.6
49.7
14.9
21.5

504.3
402.0
18.4
84.0
53.8
66.5
50.1
16.4
21.6

516.9
410.2
20.1
86.6
55.0
67.3
50.5
16.8
21.7

525.0
416.6
19.9
88.5
56.1
66.7
50.4
16.3
21.8

532.4
422.2
19.6
90.5
57.1
66.8
50.3
16.5
22.0

79.2

Corporate profits and inventory valuation adjustment total
bil $
By broad industry groups:
Financial institutions
- _ do
Nonfinancial corporations total
do
Manufacturing, total
_
do_
Nondurable goods industries
do
Durable goods industries
do
Transportation, communication, and public
utilities
bil. $
All other industries
do

87.9

88.2

78.3

79.1

81.1

82.5

88.2

90.6

90.3

89.5

89.2

88.8

'85.2

10.5
68.8
39.0
18.1
20.9

11.5
76.4
44.4
19.9
24.5

12.9
75.3
43.9
20.4
'23.5

10.3
68.0
38.8
17.9
20.8

10.5
68.6
38.3
18.0
20.4

10.8
70.3
39.5
18.3
21.2

11.0
71.6
41.1
19.1
22.0

11.2
76.9
44.9
19.8
25.1

12.1
78.5
45.4
20.4
25.0

11.9
78.5
46.2
20.4
25.8

12.3
77.2
45.1
20.3
24.7

12.7
76.5
44.9
21.0
23.9

13.3
75.6
43.8
20.0
23.8

13.3
71.9
41.7
20.1
21.6

10.8
19.0

11.6
20.4

11.7
19.7

10.7
18.5

10.8
19.5

10.9
19.9

11.3
19.1

11.5
20.6

12.0
21.0

11.6
20.7

11.8
20.3

11.7
19.9

11.9
19.9

11.4
18.8

80.3
33.0
47.3
21.5
25.9
-1.1
24.7

91.1
41.3
49.8
23.1
26.7
-3.2
28.0

'93.7

43.3
50.5
24.6
25.9
-5.6
30.6

79.1
32.6
46.4
21.7
24.8
-.7
24.3

79.5
32.5
47.0
22.0
25.0
-.4
25.1

84.4
34.5
49.9
21.1
28.8
-3.3
25.9

87.9
39.9
47.9
22.2
25.7
-5.3
26.7

90.7
41.1
49.7
22.9
26.7
-2.6
27.5

91.5
41.4
50.0
23.6
26.5
—.9
28.4

94.5
42.9
51.6
23.8
27.8
-4.2
29.3

95.5
43.9
51.7
23.8
27.9
-6.1
29.8

95.4
44.1
51.3
24.3
27.0
-6.2
30.3

92.5
42.8
49.7
24.9
24.9
-3.7
30.9

'91.4
M2. 4
'49.0
25.2
'23.8
-6.2
31.6

-5.9
32.3

629.4
82.9
546.5
506.2
40.4

687.9
97.9
590.0
551.6
38.4

747.2
117.5
629.7
592.0
37.6

622.2
80.6
541.6
503.9
37.7

634.5
84.1
550.3
509.7
40.7

645.9
86.1
559.8
516.6
43.1

664.3
89.3
575.0
535.1
39.9

680.1
92.7
587.4
545.1
42.3

696.1
102.6
593.4
560.2
33.2

711.2
107.0
604.3
566.2
38.0

724.4
114.2
610.2
577.7
32.5

740.5
118.5
622.0
588.8
33.3

756.5
117.5
639.0
596.0
43.1

767.4
119.9
647.5
605.8
41.7

778.5
118.6
659.9
617.1
42.8

65.47
28.51
14.06
14.45

67.76
28.37
14.12
14.25

75.56
31.68
15.96
15.72

16.69
7.33
3.56
3.77

16.20
6.88
3.40
3.48

18.12
7.77
3.96
3.81

15.10
6.15
3.06
3.09

16.85
6.99
3.36
3.63

16.79
7.13
3.54
3.59

19.03
8.10
4.16
3.94

16.04
6.58
3.36
3.22

18.81
7.82
3.98
3.84

19.25
8.16
4.03
4.12

21.46 i 17. 76
9.12
7.25
4.59
3.68
4.53
3.56

36.96
1.65
1.86
2.29
1.48
8.74
6.75
2.00
6.34
14.59

39.40
1.63
1.45
2.56
1.59
10.20
7.66
2.54
6.83
15.14

43.88
1.86
1.86
2.51
1.68
11.61
8.94
2.67
8.30
16.05

9.36
.39
.45
.72
.38
2.18
1.65
.53
1.60
3.65

9.32
.44
.41
.56
.41
2.35
1.71
.64
1.57
3.59

10.35
.47
.50
.64
.38
2.59
2.08
.51
1.73
4.04

8.95
.42
.39
.68
.30
2.07
1.69
.38
1.59
3.50

9.86
.43
.37
.58
.42
2.62
1.94
.68
1.62
3.81

9.66
.39
.31
.64
.41
2.61
1.87
.74
1.61
3.69

10.93
.40
.38
.66
.47
2.90
2.16
.74
2.00
4.13

9.45
.42
.38
.68
.38
2.36
1.88
.48
1.81
3.41

10.99
.48
.44
.66
.46
2.99
2.22
.77
2.00
3.97

11.10
.47
.49
.53
.40
3.03
2.23
.80
2.11
4.07

12.34
.49
.55
.64
.44
3.23
2.61
.62
2.39
4.60

do
do
do
do

65.60
29.16
14.26
14.90

65.48
27.85
13.92
13.93

65.66
27.51
13.71
13.80

68.09
28.02
14.11
13.91

66.29
27.84
13.51
14.33

67.77
28.86
14.47
14.40

69.05
28.70
14.39
14.31

72.52
29.99
15.47
1.4. 52

73.94
31.16
15.98
15.18

77.84
33.05
16.53
16.52

77.84
32.39
15.88
16.50

do
do
do
do
do
do
do
do
do
do

36.45
1.52
1.78
2.43
1.38
8.51
6.48
2.04
6.30
14.53

37.62
1.76
1.72
2.35
1.66
8.86
6.86
1.99
6.49
14.80

38.15
1.78
1.82
2.79
1.41
9.46
7.47
1.99
6.37
14.54

40.07
1.80
1.68
2.88
1.43
10.08
7.76
2.32
6.83
15.37

38.45
1.66
1.49
1.98
1.49
10.24
7.64
2.60
6.42
15.17

38.91
1.57
1.29
2.69
1.65
9.82
7.50
2.32
6.67
15.22

40.35
1.52
1.34
2.87
1.75
10.63
7.74
2.89
7.34
14.91

42.53
1.83
1.68
2.89
1.87
11.52
8.62
2.90
7.74
15.00

42.78
1.88
1.76
2.22
1.66
11.68
8.71
2.97
7.92
15.67

44.80
1.89
2.06
2.23
1.65
11.48
8.98
2.50
8.71
16.78

45.46
1.85
1.94
2.80
1.63
11.80
9.36
2.44
8.76
16.67

50, 599 "55, 387 11,484
7, 723
33, 598 "36, 487
335
1,428 n, 503
1,580
7,701 »8, 897
7,872 *8, 500
1,846

11,577
7,669
239
1,801
1,868

11, 667
7,601
332
1,879
1,855

11,934
7,941
305
1,771
1,917

12, 668
8,395
353
1,973
1,947

13,344
8,879
406
2,040
2,019

12, 653
8,383
364
1,917
1,989

11,919
7,478
414
2,117
1,910

14,254
9,599
331
2,148
2,176

14,553 Pl4, 661
9,581 *9, 829
p341
417
2,362 *2, 270
2,193 *2,221

-10,706 -11,463 -11,827
7,817 -8, 131
-7, 154
-1,112 -1,102 -1,116
-742
-671
-607
-1,833 -1,873 -1,838

-12,435
-8,566
-1,143
-770
-1,956

-12,352
-8, 458
-1,169
-749
-1,976

-11,571
-7,579
-1,204
-893
-1,895

-] 3,964
-9,599
-1,208
-1,087
-2,070

Corporate profits before tax, total
do
Corporate profits tax liability
do
Corporate profits after tax
_ do
Dividends
do
Undistributed profits,..
. _ do
Inventory valuation adjustment
do
Net interest
do
DISPOSITION OF PERSONAL INCOME
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 :t
All industries
bil. $
Manufacturing .
.
do
Durable goods industries 1
.. do..
Nondurable goods industries ^
do
Nonmanufacturing
. .
Mining _ _
Railroad
Air transportation
Other transportation
Public utilities
Electric
...
Gas and other
Communication
Commercial and other
Seas. adj. qtrly. totals at annual rates :t
All industries
Manufacturing
Durable goods industries ^
Nondurable goods industries 1
Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation
Public utilities
Electric
Gas and other
Communication
Commercial and other

r 771.

do
do
do
do
do
do
do
do.
do
do

U.S. BALANCE OF INTERNATIONAL
PAYMENTSd*
Quarterly Data Are Seasonally Adjusted
(Credits -f ; debits -)
Exports of goods and sennces (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

46, 189
30,681
1,239
6,872
7,397

-41,012 -48,077 "-53,314 -10,033 -10,173
Imports of goods and services
do
-26,821 -32,972 p-35,797 6,465 -6, 542
Merchandise adjusted cxcl military
do
Military expenditures
do
-4, 378 -4, 530 "-4,881 -1,075 -1,106
-2,362 -2,932 p-4, 431 -591
-580
Income on foreign investments in the U.S^do
Other services
do
-7,451 -7,643 »-8, 205 -1,902 -1,945
Unilateral transfers, net (exci. military grants);
-836
transfers to foreigners (— ).
mil. $__ -2,998 -2,865 »-2, 513 -823
'• Revised.
*> Preliminary.
1 Estimates (corre<3ted for systematic I)iases) fo • Tan.-M ar.
1970 and Apr.--June 1970 based on expected capital expenditu res of bus in ess. E xpected <^xpenditures (or the year 1970 appear on p. 19 of the Mar. 197C SURVEY
2lnc ludes co mmuriication.
9 Includes inventory valuation adjusstment.
t Revise I series; (.xplanati on
of revisions and annual and. quarterly data back to 1947 appea r on pp. 25 fl. of trle Jan. It 70
SURVEY; see also pp. 19 ft. of the Feb. 1970 SURVE Y.
0P ersonal ou tlays coiuprise p er-




-13,847
-9,243
-1,220
-1,255
-2,129

25.2

i 20. 79
8.47
4.33
4.14

10.51
.41
.45
.69
.37
2.67
2.28
.39

12.32
.*>"
.54
.80
.40
3.52
2.8?.
.70

25.93

26.60

i 80. 00 i 81. 78
33.74
32.97
16.92
17.39
16.34
16.05

47.02
1.77
1.94
2.95
1.79
12.80
10.46
2.34

48.04
1.82
2.19
2.70
1.42
13.74
11.07
2.6L

2 25.77 2 26. 16

p-13,93
p-9,376
p- 1,249
p-1, 196
p-2,11

*-732
-793
-687
-774
-601
-648
-690
-635
-766
sonal consum 3tion exp enditure s, interest paid by consum 3rs, and j>ersonal t ransfer paymei:
to for eigners.
§Pers onal savi ng is excess of dis posable i ncome o~srer perso ial outlays,
HD at a for i ndividua1 durable, and noiidurable goods in dustries components appear in tl
Mar. June, S ept., anc1 Dec. issues of t he SURV EY.
d*More coinplete d etails are given i
the q uarterly reviews in the M ar., June , Sept., eind Dec. issues of the SUR VEY.

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