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SURVEY OF CURRENT BUSINESS

January 1970

NATIONAL INCOME AND PRODUCT TABLES
1969

1968
1968

1969

III

II

IV

1968
III

IV

1968

1969>

III

Seasonally adjusted at annual rates

1969
IV

Ill

IV

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)
865.7

932.3

876.4

892.5

908.7

924.8

942.8

953.1

707.6

727.7

712.8

718.5

723.1

726.7

730.6

730. 5

457.6

462.9

466.2

466.5

468.5

82.7
197.2
177.7

84.3
199.3
179.3

85 9
199.3
181.0

84.7
199.3
182.5

84.1
200.2
184.1

Personal consumption expenditures

536.6

576 0

544.9

550.7

562.0

572.8

579.8

589.2

452.6

466.0

458.2

Durable goods
Nondurable goods
...
Services
. .-

83 3
230.6
222.8

89 6
243 8
242.5

85 8
233.3
225.8

86 3
234.3
230.1

88 4
238 6
235.0

90 6
242 1
240.1

89 8
245.1
244.9

89 6
249.4
250.2

80.7
196. 9
175.0

84.8
199.5
181.7

83.0
198.7
176.5

105.7

._ .

126.3

Nonresidential
Structures
Producers' durable equipment
Residential structures .
Nonfann .. ..
Farm

Change in business inventories. .
Nonfarm
Farm

. .

..

135.2

137.4

143.3

142 4

111.9

104.1

110.9

109.9

110.8

114.3

112.6

123 4

128 6

130 5

132 5

134 5

99.1

104.9

97.7

101.4

104.0

104.8

105.0

106,0

99 3
33 4
65 9

88.1
29 0
59 1

91.5
30 1
61.4

95.3
32 3
63 0

97.8
32 1
65.7

101.1
34 7
66.4

103.0
34 4
68 6

75.8
22.7
53.2

81.5
24 0
57.5

75.0
22.2
52.7

77.3
22.9
54.4

79.4
23.9
55.5

81.0
23.3
57.7

82.4
24.6
57.8

83.2
24.2
59.0

32 2
31 7
5

29 9
29 4
.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

23.3
22.8
.4

23 5
23 1
.4

22.7
22.3
.4

24.1
23.7
.4

24.6
24.2
.4

23.8
23.4
.4

22.6
22.2
.4

22.8
22.4
.4

7.3
7.4
_ i

._ ..

133.9

118 0

30 2
29.6
.5

.
._

125.2

131 5

88.8
29 3
59 5

Fixed investiri$Tit

139 6

119 0

Gross private domestic investment. .

80
7 g
2

7.2
7.5
— 3

10.5
10.7
_ 2

66
6.6

6.9
6.7
2

10 7
10.3
4

78
7.6
2

6.6
6.7
—.1

69
6.8
2

6.4
6.7
—.3

9.6
9.8
—.2

5.9
5.9
.0

6.0
5.8
.2

9.3
8.9
.4

6.7
6.5
.2

o

25

Exports
Imports
Government purchases of goods and services

.

Federal
National defense
Other

..

2i

36

12

15

1.6

27

26

.9

0

1.7

— 2

—.3

— .5

.4

.3

50.6
48 1

Net exports of foods and services

55 4
53 3

55.4
49 7

50 6
49 4

47.6
46 1

57.1
55 5

57.8
55 2

59 1
56 4

45.6
44.7

48 4
48 4

48.0
46.3

45.5
45.7

41.9
42.2

50.4
50.8

50.2
49.8

51.3
50.9

200.3

214 7

202.5 206.7

210.0

212.9

218.9

148.4

148.8

150.2

150.6

150.2

79.4

78.3

70.8

72.3

217.0

149.8

99 5
78 0
21 5

100 9
78 8
22 1

101 9
79 3
22 5

101 6
79 0
22 6

100 6
78 5
22 1

103 2
80 3
22 9

102 7
79 2
23 5

78.9

76 1

100 7

State and local.

102 0
79 3
22 8

79.2

112 7

101 7

104 8

108 5

112 3

113 8

116 2

69 5

73 7

69.6

149.4

149.0

76.3

75.5

74.4

73.9

73.9

74.7

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

865.7

Final sales
Change in business inventories

932 3

876.4

892.5 908.7

858 4 924 3 869 2
73
72
80

902 l
66

431.1

Goods output

882 0
10 5
443 5

447 9

459 9

437 0

924.8 942.8

953.1

707.6

727.7

712.8

718.5

723.1

726.7

730.6

730.5

917 9
69

932 0
10 7

945 3
78

701.0
6.6

720.8
6.9

706.3
6.4

709.0
9.6

717.2
5.9

720.7
6.0

721.3
9.3

723.8
6.7

456 5

465.9

469 0

381.3

392.7

385.5

388.2

389.1

391.6

395.9

394.1

385 7
69

379.1
6.4

378.7
9.6

383.2
5.9

385.7
6.0

386.6
9.3

387.5
6.7

162 8
158 0
4.7

172 4
167 1
5.3

164.5
159 9
4.5

167.8
161 2
6.5

169.0
164.8
4.2

171.4
167.3
4.1

174.7
168.1
6.6

174.6
168.3
6.3

Final sales
Change in business inventories

423 7
73

451 8
80

429 9
72

433 0
10 5

441 3
66

449 6
69

455 2
10 7

461 2 374.7
66
78

Durable goods
Final sales
Change in business inventories

176 7
171 4
5.3

192 3
186 1
62

178 8
173 7
51

184 0
176 6
74

186 4
181*6
4.8

190 3
185 5
49

195 4
187 8
76

197 1
189 7
7 4

254 4
252 3
20

267 5 258 3
265 7 256 1
21
18

259 5 261 5 266 2 270 5 271 9
256 4 259 7 264 1 267 4 271 5
4
21
31
18
31

218.6 220.3 221.1 220.5 220.2
216 7 218 6 219 2 217.5 218.4
1.7
30
19
19
16

220.2
218.4
1.9

221.2
218.5
2.7

219.5
219.2
.3

347 5

077 e

353 2

358 5

365 8

373 4

001 ft

259 9

267 3

262 4

262 7

264.6

267.0

267.6

269.8

87 1

OK A

86 1

90 6

94 9

94 8

95 3

66 4

67 7

64 8

67 5

69.3

68.0

67.1

66.5

Nondurable goods
Final sales
Change in business inventories...
Services
Structures

_

389 0
QC |

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

Business
Nonfarm..
Farm

_

865 7

932 3 876 4

892 5

908 7

924 8

942 8

953 1 707 6

727 7

712.8

718.5

723.1

726.7

730.6

730.5

770-5

Gross national product
Private

828 2

779 2

794 0

808 5

822 7

836 5

845 2

647 9

666 7

652 6

658.3

662.6 665.8

669.4

668.9

740 6
715 7
24.9

795 4
768 4
27 0

749 3
724 1
25 2

763 1
738*4
24*7

776 7
751 1
25 7

790 5
763 0
97 ft

803 6
775 9
27 7

810 8
783 8
26.9

627 5
604.2
23 3

645 3
621 8
23 5

632 1 637.5
608.8 614.6
23 4 22.9

641.5
617.8
23.7

644.8
621.1
23.7

648.2
624.1
24.1

646.9
624.3
22.6
17.8

25 2

28 6

25 0

26 0

27 2

28 3

28.9

30.0

15.9

17.3

15.7

16.2

16.8

17.2

17.4

Rest of the world

4. 7

4 2

49

4.9

4. 5

39

41

4 4

4.5

4 0

4.7

4.6

4.3

3.7

3.9

4.2

General government

95 2

104 1

97 1

98 5

100 2

102 1

106 2

107 9

59 7

61 0

60 2

61.1

61.6

Households and institutions

Preliminary.




60.2

60.5

60.9

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 (f), 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

IV

Annual total

1968

1967

1966

I

I
I

II

III

IV

II

I

1969
III

IV

I

|

11

III | IV P i

Seasonally adjusted quarterly totals at annual rates

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

bil $

Personal consumption expenditures, total

do

Durable goods, total 9
do
Automobiles and parts
do
Furniture and household equipment _ _ _ do.

749 9

466.3

793 5
492 3

865 7
536 6

770 7
474 5

774 2
480 9

783 5
489 8

800 4
495 7

816 1
502 6

835 3
520 6

858 7
530 3

876 4
544 9

892 5
550 7

908 7

924.8

942.8

953.1

562 0

572.8

579.8

589.2

89.8
40.8
35.8

89.6
40.9
35.6

70 8
30 3
29.9

73 0
30 5
31 3

83 3
37.0
34.2

71 9
30 5
30 7

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

do
do
do
do

206 9
40.3
105 8
16 6

215 1
42 5
108 1
17 7

230 6
46.3
115 0
19 1

209 1
40 9
105 6
17 0

213 2
41 7
107 8
17 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 3
47 3
116 4
19 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

249.4
50.6
122.6
22.0

do
do
do
do

188 6
27 1
67.5
13 6

204 2
29 1
71 8
14 7

222 8
31 2
77.4
16 1

193 5
27 9
69 0
14 1

197 7
28 2
70 1
14 4

201 8
29 0
71 1
14 5

206
29
72
14

6
3
3
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 o
32 7
81 3
17 1

240.1
33.1
82.8
17.3

244 9
33 9
84.4
17 7

250.2
34.2
86.3
17.9

do

121.4

116 0

126 3

126 2

113 6

109 4

117 7

123 3

119 4

126 6

125 2

133 9

135 2

137.4

143.3

142.4

do
do
do
do
do
do
do
do

106 6
81 6
28 5
53.1
25.0
24 5
14.8
15 0

108 6
83 7
27 9
55.7
25 0
24 4
7.4
68

119 0
88 8
29 3
59.5
30 2
29 6
7.3
74

106 3
84 2
28 2
56.0
22 1
21 5
19.9
20 4

104 7
83 3
29 0
54.2
21 4
20 9
9.0
91

106 1
83 0
27 2
55.8
23 1
22 5
3.4
30

109 9
83 5
27 8
55.7
26 5
25 9
7.8
70

113 8
85 0
27 8
57.2
28 8
28 3
9.5
80

117 7
89 1
20 8
59.4
28 6
28 0
1.6
13

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
75

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

134.5
103.0
34 4
68.6
31.6
31 0
7.8
7.6

do
do
do

5.3
43 4
38 1

5.2
46 2
41 0

2.5
50 6
48 1

4.9
44 8
39 9

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

2.6
59 1
56.4

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

156.8
77 g
60 7
79 0

180.1
90 7
72 4
89 3

200.3
99 5
78 0
100 7

165.2
82 1
65 6
83 0

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

218.9
102 7
79 2
116 2

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

do
do
do
do
do
do

735 1
368 5
146 2
222 3
289 1
77 5

786 2
391 0
157 0
234 1
316 7
78 4

858 4
423 7
171 4
250 3
347 5
87 1

750 8
377 2
151 8
75 3

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

945
461
189
271
389
95

do
do
do

14.8
10 5
4 3

7.4
39
35

7.3
53
20

19.9
13 2
67

9.0
4.2
4 7

3.4
1.5
18

7.8
4.4
34

9.5
56
39

1.6
19
_ 0

9.9
68
31

7.2
51
21

10.5
7.4
31

6.6
48
18

6.9
4.9
21

10.7
76
31

Nondurable goods, total?
Clothing and shoes
Food and beverages
Gasoline and oil

_
-

Services total 9
Household operation
Housing
Transportation

_ _

Gross private domestic investment, total
Fixed investment
_
Nonresidential
Structures
Producers' durable equipment
Residential structures
Nonfarm
Change in business inventories
Nonfarm

__

Net exports of goods and services
Exports
._
. . ._
Imports

__
. . .

Change in business inventories
Durable goods
Nondurable goods

_

225 4
298 4

3
2
7
5
0
1

7.8
7 4
4

GNP in constant (1958) dollars
Gross national product, total f

bil. $._

658.1

674.6

707.6

668.1

666.5

670.5

678.0

683.5

693.3

705.8

712.8

718.5

723.1

726.7

730.6

730.5

418.1

430 3

452 6

420 7

424.4

430.5

431.9

434.3

445 6

449.0

458.2

457.6

462 9

466.2

466 5

468 5

do
do
do

71.7
187 0
159 4

72.8
190 3
167 2

80 7
196 9
175 0

72 3
187 0
161 5

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 1
200 2
184 1

Personal consumption expenditures, total., .do
Durable goods
Nondurable goods
Services

.

Gross private domestic investment, total

do

109.3

100. 8

105.7

112.5

100.5

95.7

101.6

105.4

101.2

106.6

104.1

110.9

109.9

110.8

114.3

112.6

Fixed investment..
Nonresidential
Residential structures
Change in business inventories

do
do
do
do

95 4
74 1
21.3
13.9

93 9
73 6
20 3
6.9

99 1
75 8
23 3
6.6

94 0
75 4
18 6
18.5

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
9.3

106 0
83 2
22 8
6.7

Net exports of goods and services

do

4.2

3.6

.9

3.3

4.0

4.2

4.1

2.0

.9

1.3

1.7

-.2

-.3

-.5

.4

.3

137.6
126.5
140.0
148.4
131.6
65 4
72 8
74 8
68 6
78 9
65.2
69.5
63.0
64.8
61.1
r Revised.
v Preliminary.
1 Preliminary annual totals for 1969 for components shown
in this column appear on pp. 7-10 of this issue of the SURVEY.
f Revised series. Estimates
of national income and product and personal income have been revised back to 1965 (see

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 Q
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

149.0

Govt. purchases of goods and services, total.. do
Federal...
_
do
State and local
do

372-943 O - 70 - 4




7K c
73 Q

7A A.
74. 7

p. 13 ff. of the July 1969 SURVEY); revisions prior to May 1968 for personal income appear
on p. 26 ff. of the July 1969 SURVEY.
9 Includes data not shown separately.

s-1

January 1970

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 | 196S

I

Annual total

II

1969

1968

1967

III

IV

I

II

I

751.3

765.7

780.6

546.0

558.2

571.9

516.9 <• 524. 8
410.2 0 416. 5
"19.9
20.1
86.6 "88.5
55.0
" 56. 1
67.3 °66.7
50.5 «50.4
16.8 '16.3
21.7
"21.8

IV

III

1970

II

III

IV*

I

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

620.6
435.5

654.0
467.4

714.4
513.6

639.3
456.2

658.5

646.2

470.7

461.1

672.0

688.8

481.7

495.1

707.4
507.0

737.3

724.1

532.3

519.8

« 580. 9

394.5
316.8
14.6
63.1
41.0
61.3
45.2
16.1
20.0

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

413.2
330.2
15.8
67.2
43.0
60.8
46.5
14.3
20.6

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

82.4

79.2

87.9

78.3

78.3

79.1

81.1

82.5

88.2

90.6

90.3

89.5

89.2

88.8

9.7
72.7
42.6
18.6
24.0

10.5
68.8
39.0
18.1
20.9

11.5
76.4
44.4
19.9
24.5

10.2
68.1
39.2
18.2
21.0

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

11.9
18.2

10.8
19.0

11.6
20.4

10.9
18.0

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

84.2
Corporate profits before tax total
do
Corporate profits tax liability
do
34.3
Corporate profits after tax
do
49.9
Dividends .
do
20.8
Undistributed profits
do
29.1
Inventory valuation adjustment
_.do
-1.8
Net interest do
21.4
DISPOSITION OF PERSONAL INCOME f
Quarterly Data Seasonally Adjusted at Annual Rates
587.2
Personal income, total
bil. $._
75.4
Less: Personal tax and nontax payments
do__.I
511.9
Equals: Disposable personal income
do
479.3
Less: Personal outlays©
do
Equals: Personal saving§
do
32.5
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals :t
All industries
. .
bil. $
'63.51
Manufacturing
do
28.20
Durable goods industries 1
do
14.06
Nondurable goods industries ^
do
14.14

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

78.4
32.3
46.1
21.1
24.9
-.1
23.5

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

629.4
82.9
546.5
506.2
40.4

687.9
97.9
590.0
551.6
38.4

615.2
80.8
534.4
494.5
40.0

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 «766.9
117.5 » 119. 8
639.0 « 647. 1
596.0 0 605. 5
43.1 °41.6

' 65. 47
28.51
14.06
14.45

' 67. 76
28.37
14.12
14.25

16. 20
6.88
3.40
3.48

' 18. 12
7.77
3.96
3.81

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

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

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
utilitiesbil $
All other 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:}
All industries
Manufacturing
Durable goods industries i
Nondurable goods industries if

do
do
do
do
do
do
do
do
do
do

35.32
1.62
2.37
1.74
1.64
7.43
5.38
2.05
6.02
14.48

do
do
do
do

' 14. 46 ' 16. 69 '
6.54
7.33
3.14
3.56
3.40
3.77
7.93
.36
.50
.37
.31
1.63
1.31
.32
1.45
3.32

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

' 65. 23 '65.60
29.78
29.16
14.46
14.26
15.32
14.90

r

15. 10
6.15
3.06
3.09

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

' 65. 48 ' 65. 66 '68.09
28.02
27.51
27.85
13.92
14.11
13.71
13.80
13.91
13.93

' 16. 85 ' 16. 79 '
7.13
6.99
3.36
3.54
3.63
3.59

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

"66.29 ' 67. 77
28.86
27.84
13.51
14.47
14.40
14.33

19. 03 '16.04
8.10
6.58
4.16
3.36
3.94
3.22

10.93
.40
.38
.66
.47
2.90
2.16
.74
2.00
4.13
' 69. 05
28.70
14.39
14.31

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

'18.81 ' 19. 25
7.82
8.16
4.03
3.98
4.12
3.84
10.99
.48
.44
.66
.46
2.99
2.22
.77
2.00
3.97

«25.2
--6.4
"31.6

0)

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

' 72. 52 ' 73. 94 ' 77. 84
33.05
31.16
29.99
16.53
15.98
15.47
16.52
14.52
15.18

35.46
1.54
2.12
1.57
1.47
7.98
6.01
1.98
6.19
14.57

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

11,461
7,688
333
1,612
1,828

11,484
7,723
335
1,580
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

11,913
7,469
418
2,120
1,906

14,245
9,588
334
2,151
2,172

14, 548
9,560
v 421
2,357
2,210

Imports of good sand services
do
-38, 082 -41,012 -48,077 -10,100 -10,033
Merchandise adjusted excl military
do
-25,463 -26,821 -32,972 -6, 660 -6, 465
Military expenditures
do
-3, 764 -4, 378 -4,530 -1,085 -1,075
Income on foreign investments in the U.S do
-584
-591
-2, 142 -2,362 -2,932
Other services .
do " -6, 713 -7,451 -7,643 -1,771 -1,902
Unilateral transfers, net (excl. military grants);
transfers to foreigners (— )
mil. $.. -2,833 -2, 998 -2,865
-691
-823
•; Revised.
p Preliminary.
1 Preliminary exp(
inditures 'or the yesir 1969 ar eas folio ws
(bil. $): All industries, 75.30; manufacturing, total, 31 74; durab e goods in dustries 15.99; n 311durable goods industries, 15.74; norimanufacturing, to tal, 43.56; mining, 1 87; railro ad, 1.83; air
transportation, 2.50; other transportation, 1.70; public utilities , 11.56; electric, 8 86; gas a nd
other, 2.70; communication, 8.31; commercial and oth er, 15.79.
a
See note 1 on p. S-l.
f See corresponding note on p. S-l
9 Includes inventory valuation adjustment.

-10,173
-6,542
-1,106
-580
-1,945

-10,706
-7,154
-1,112
-607
-1,833

Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation
Public utilities
Electric
Gas and other
Communication
Commercial and other

do
do
do
do
do
do
do
do
do
do

U.S.

BALANCE OF INTERNATIONAL
PAYMENTSd"
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, 361
29,389
829
6,252
6,891

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

50, 599
33, 598
1,428
7,701
7,872

-11,463 -11,827 -12,435 -12,352 -11,550 -13,942
-7,817
8 131 -8, 566 -8,458 -7,572 -9,591
-1,102 -1,116 -1, 143 -1,169 -1,204 -1,208
-892 -1,086
-749
-742
-770
-671
-1,873 -1,838 -1,956 -1,976 -1,882 -2,057

-13,812
-9,232
-1,198
-1,248
-2, 134

-793 v -712
-601
-774
-690
-766
-648
-635
-836
JRe^rised seri es; explailation of revisions and ami ualand <quarterly data ba 2k to 1947 appea
©Persoilal outla ys compr ise perso nal consumptior
on pp. 25ff.oft tiis issue <
)ftheSui IVEY.
expenclitures, i nterest jlaid by consume rs, and persona] transfer paymer its to foreigners
§Personal sa\'ing is ex cess of di sposable income c>ver pers onal outl ays.
HDa ta for in(iividual durable and non< lurable g oods ind ustries componerits appear in th<
Mar., JFune, Sep>t., and I)ec. issue s of the £SURVEY.
cfM ore completedetai Is are giv en in the quarterl]7 reviews in the M ar., Jun<j, Sept., and Dec
issues of the StrRVEY. B.evised d ata back to 1960 appear o a p. 29 ff . of the J une 1969 issue.

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