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SURVEY OF CURRENT BUSINESS January 1971 9 NATIONAL INCOME AND PRODUCT TABLES 1969 1970 III 1970 II IV 1970 III IV 1969 1970 III Seasonally adjusted at annual rates IV II 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 931.4 976.8 942.6 951.7 959.5 971.1 985.5 990.9 727 1 724.3 730 9 729.2 723 8 724.9 727.4 721 3 Personal consumption expenditures 577.5 616.8 582.1 592.6 603.1 614.4 622.1 627.6 467.7 477.2 468.7 471.7 474.0 478.1 479.6 477.1 90.0 245.8 241.6 89.4 264.7 262.7 89.5 248.1 244.5 90.8 252.0 249.8 89 1 258.8 255.2 91.9 262.6 259.9 91.2 265.8 265.1 85.4 271.7 270.5 84 9 201.2 181.6 82.1 207.9 187.3 84 1 201.9 182.7 84 9 202.4 184.4 82 7 205.6 185. 8 84.9 206.6 186.6 83 6 208.2 187.8 77 1 211 2 188 8 103.0 114.1 110.0 102.9 103.1 104.1 101.8 101.5 100.1 99.6 98.3 79.6 22.6 56.9 76.6 21 8 54.8 Durable goods Nondurable goods Services Gross private domestic investment Fixed investment 139.8 135.8 143.8 140.2 133.2 134.3 138.3 137.5 111.3 131.4 132.2 132.4 133.0 131.6 131.2 132.7 133.4 104.1 102.8 35.3 67.5 103.6 35.0 68.6 101.4 34.6 66.8 80.8 24.0 56.9 104.2 103.9 79.3 23.1 56.2 81.9 24.6 57.3 82.1 24.3 57.8 80.9 24.4 56.5 80.2 23.5 56.7 99.9 Nonresidential Structures Producers' durable equipment. .. 99.3 33.8 65.5 102.6 35.1 67.4 101.5 35.2 66.3 102.6 35.1 67.5 102.6 35.7 66.9 Residential structures Nonfarm Farm 32.0 31.5 6 29 7 29.0 6 31.0 30.4 6 30.4 29.8 6 29.1 28.4 6 28.4 27.8 .6 29.2 28.6 .6 32.0 31.4 6 23.3 22.8 4 20.6 20.2 .4 22.3 21.8 4 21.8 21.4 4 20.7 20.2 4 20.0 19.5 .4 20.0 19.6 .4 21 7 21.3 4 8.5 8.0 4 3.6 3.0 5 11.3 10.8 5 7.2 6.5 7 1.6 .9 7 3.1 2.6 .5 5.5 5.0 .5 4.1 3.6 5 7.2 6.8 4 3.1 2.6 .5 9.9 9.3 6 6.1 5.4 g 1.3 .8 6 2.9 2.5 .4 4.6 4.1 .4 35 3.0 5 Change in business inventories Nonfarm Farm Net exports of goods and services _ Exports .. Imports Government purchases of goods and services Federal National defense Other State and local 1.9 3.6 2.6 2.6 3.5 4.1 4.2 2.7 .2 2.3 .8 .9 1.9 2.4 3.1 1.9 55.5 53.6 62.3 58.7 58.3 55.6 58.8 56.2 61.1 57.6 62.8 58.7 62.8 58.6 62.6 59.9 48.5 48.2 52.2 49.9 50.8 50.0 50.0 49.1 52.0 50.1 52.9 50.5 52.0 48.9 51.8 50. 0 212.2 101.3 78.8 22 6 110.8 220.5 99.7 76.6 23 1 120.8 214.1 216.3 102.5 79.8 22 7 111 6 102.1 78.8 23.3 114.2 219.6 218.4 221.0 223.2 102.3 79.3 23 0 117.4 99.7 76.8 22.9 118.7 98.6 75.8 22.9 122.4 98.4 74.6 23.8 124.8 147.8 141.8 147.3 75.7 67.7 75.2 72.1 74.1 72.1 146.6 73.8 72.9 145.0 141.3 140.6 140.5 71.1 67.8 66.2 65.8 73.8 73.5 74.4 74.7 Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3,1.5) Gross national product Final sales .. Change in business inventories 931.4 922.9 8.5 976.8 973.2 3.6 942.6 931.2 11.3 951.7 944.5 7.2 959.5 957.9 1.6 971.1 968.1 3.1 985.5 980.0 5.5 990.9 986.8 4.1 727.1 719.9 7.2 724.3 721.2 3.1 730.9 720.9 9.9 729.2 723.0 6.1 723.8 722.4 1.3 724.9 721.9 2.9 727.4 722.8 4.6 721.3 717.8 3.5 Goods output __ Final sales _ Change in business inventories. _ . 460.0 451.6 8.5 474.1 470.5 3.6 466.2 454.9 11.3 468.9 461.7 7.2 467.1 465.5 1.6 474.9 471.8 3.1 479.8 474.2 5.5 474.5 470.4 4.1 392.2 385.0 7.2 388.5 395.7 385.4 385.8 3.1 9.9 393.5 387.4 6.1 387.3 386.0 1.3 391.1 388.2 2.9 392.1 387.5 4.6 383.6 380.1 3.5 Durable goods Final sales .Change in business inventories _ 190.2 183.9 6.4 185.0 185.3 -.4 192.7 184.8 7.9 192.7 187.4 5.3 185.3 185.5 -.3 186.6 188.5 -1.9 193.5 188.3 5.2 174.5 179.0 -4.5 170.1 164.7 5.3 160.2 160.5 -.4 171.6 164.9 6.7 170.3 165.9 4.4 162.3 162.6 -.3 162.9 164.4 -1.5 167.1 162.7 4.3 148.5 152.5 -4.0 Nondurable . Final sales _ _ Change in business inventories.. 269.8 267.7 2.1 289.1 285.2 4.0 273.5 270.1 3.5 276.2 274.3 1.9 281.8 280.0 1.9 288.3 286.3 283.3 286.0 5.0 .3 300.0 291.4 8.6 222.1 220.3 1.8 228.4 224.9 3.5 224.1 220.9 3.2 223.3 221.5 1.8 225.1 223.4 1.6 228.3 223.8 4.5 225.0 224.7 .2 235.2 227.6 7.5 377.6 93.8 410.3 92.4 383.0 93.3 390.3 92.5 400.1 92.3 405.8 90.4 422.2 94.2 268.2 66.6 274.5 61.3 269.8 65.4 271.3 64.4 273.1 63.4 272.8 60.9 274.8 60.5 277.2 60.5 721.3 Services Structures 413.2 92.6 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 worldGeneral government 931.4 976.8 942.6 951.7 959.5 971.1 985.5 990.9 727.1 724.3 730.9 729.2 723.8 724.9 727.4 827.8 863.5 836.6 844.0 848.5 858.4 871.7 875.4 666.4 663.6 669.8 668.1 663.1 664.2 666.8 660.4 795 4 767 9 27.5 828 6 800 5 28.1 g04 2 776 6 27 6 810 8 783 0 27 8 814 3 785 5 28.8 824 5 796 0 28.5 836 5 808 5 28.0 839 0 811.9 27.1 646 0 622.5 23.6 642 8 619.6 23.1 649 7 626.2 23.5 647.6 642.1 624.7 619.5 22.8 22.6 644.0 621.0 23.0 645.9 622.9 22.9 639.1 615.1 24.0 28.1 4.3 30.3 4.6 28.3 4.1 29.0 4 2 29.6 4.5 30.0 3.9 30.5 4.7 31.1 5.2 16.4 4.0 16.6 4.3 16.3 3.8 16.6 4.0 16.7 4.3 16.5 3.6 16.5 4.4 16.5 4.9 103 6 113 3 106 0 107 7 111 0 112.8 113.9 115.6 60.7 60.7 61.0 61.1 60.7 60.7 60.6 60.9 Preliminary. HISTORICAL STATISTICS National income and product statistics for earlier periods are available as follows: Data for 1966-69, July 1970 SUEVEY OF CURRENT BUSINESS; 1964-65, July 1968 SURVEY; 1929-63, The National Income and Product Accounts of the United States (available from U.S. Department of Commerce Field Offices or from the Superintendent of Documents, U.S. Government Printing Office, Washington, D.C. 20402, price $1.00 per copy)- 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. The sources of the data are given in the 1969 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and are also listed alphabetically on pages 189-90. 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 1969 1967 IV 1968 I II 1970 1969 III Annual total rv I II III IV I II III IV p i 959.5 971.1 985.5 990.9 627.6 Seasonally adjusted quarterly totals at annual rates GENERAL BUSINESS INDICATORS—Quarterly Series NATIONAL INCOME AND PRODUCT Gross national product, total f . .bil. $. - - - Services tota!9 - Household operation Housing Transportation 931.4 815.9 834.9 858. 1 875.8 891.4 907.6 923.7 942.6 951.7 492.1 535.8 577. 5 502.5 519.7 529.1 543.8 550.8 561.8 573.3 582.1 592.6 603.1 614.4 do . do do 73.1 30.5 31.4 84.0 37.2 34.6 90.0 40.3 36.7 75.3 31.1 32.5 79.9 34.9 33.7 82.6 36.0 34.1 86.7 39.1 35.4 86.9 38.8 35.2 89.1 39.8 35.8 90.6 40.0 37.2 89.5 40.2 36.7 90.8 41.1 36.9 89.1 37.7 38.3 91.9 39.4 38.9 91.2 39.2 38.1 85.4 32.8 38.5 - do_ _ do - _do do 215. 0 42.3 108.5 17.6 230.2 46.1 115.1 19.0 245. 8 49.9 121.7 21.1 217.1 42.5 109.5 18.1 225.6 44.8 112.7 18.8 227.6 45.2 114.7 18.6 232.6 47.1 116.1 19.2 234.8 47.2 117.0 19.3 239.2 47.9 119.1 20.3 244.0 50.0 120.8 20.8 248.1 50.7 122.4 21.5 252.0 50.9 124.6 21.7 258.8 51.3 128.8 22.4 262. 6 51.8 131.2 22.7 265.8 52.3 132. 3 23.0 271. 7 53.7 134.5 23.4 ,__do -do do do 204.0 29.1 71.8 14.5 221.6 31.2 77.4 15.6 241.6 33.9 84.0 16.7 210.1 30.1 73.7 14.6 214.2 30.4 75.2 15.2 218.9 30.8 76.6 15,3 224.5 31.5 77.9 15.6 229.0 32.1 79.8 16.1 233. 5 32.7 81.4 16.2 238.7 33.3 83.0 16.5 244.5 34.5 84.7 16.8 249.8 34.8 87.0 17.1 255.2 35.2 89.0 17.7 259.9 35.9 90.8 17.9 265.1 36.9 92.6 18.2 270.5 37.4 95.0 18.5 do. _ Durable goods total 9 Automobiles and parts Furniture and household equipment -- 865.0 622.1 Personal consumption expenditures, total Nondurable goods tota!9 Clothing and shoes Food and beverages Gasoline and oil 793.9 . 116.6 126.5 139.8 123.0 119.8 127.3 126.5 132.6 136.0 139.3 143.8 140.2 133.2 134.3 138.3 137.5 108.4 83.3 28.0 55.3 25.1 24.5 8.2 7.5 118.9 88.7 29.6 59.1 30.3 29.7 7.6 7.5 131.4 99.3 33.8 65.5 32.0 31.5 8.5 8.0 113.0 84.1 28.0 56.2 28.8 28.3 10.0 8.5 117.2 88.3 29.8 58.5 28,8 28.3 2.6 2.5 117.0 86.4 28.9 57. 5 30.6 30.1 10.4 10.3 118.3 88.3 29.4 59.0 29.9 29.4 123. 3 91.6 30.3 61.3 31.7 31.1 128.7 95.7 32.6 63.1 33.0 32.4 131.4 97.5 32.3 65.2 33.9 33.3 7.9 7.6 132.4 101.5 35.2 66.3 31.0 30.4 11.3 10.8 133.0 102.6 35.1 67.5 30.4 29.8 7.2 6.5 131.6 102.6 35.7 66.9 29.1 28.4 1.6 .9 131.2 102.8 35.3 67.5 28.4 27.8 3.1 2.6 132.7 103.6 35.0 68.6 29.2 28.6 5.5 5.0 133.4 101. 4 34.6 66.8 32.0 31.4 4. 1 3.6 5.2 46.2 41.0 2.5 50.6 48.1 1.9 55.5 53.6 4.0 46,8 42.8 1.8 47.7 45.9 3.4 50.7 47.3 3.4 1.4 1.3 53.2 49.8 50.9 49.5 47.8 46.5 1.3 57.2 55.9 2.6 58.3 55.6 2.6 58.8 56.2 3.5 61.1 57.6 4.1 62.8 58.7 4.2 62.8 58. 6 2.7 62.6 59.9 Govt. purchases of goods and services, total.. do Federal - do National defense do__ _ State and local -do 180.1 90.7 72.4 89.4 200.2 99.5 78.0 100.7 212.2 101.3 78.8 110.8 186.5 93.6 74.7 92.9 193.6 96.4 76.3 97.2 198., 3 98.9 77.8 99.4 202.1 100.7 78.6 101.4 206.7 101.9 79.2 104.7 208.5 100.9 78.6 1015 209.9 99.8 77.9 110.1 214. 1 102.5 79.8 111.6 216.3 102.1 78.8 114.2 219.6 102.3 79.3 117.4 218.4 99.7 76.8 118.7 221.0 98.6 75.8 122.4 223.2 98.4 74. 6 124. 8 By major type of product: f Final sales, total Goods total Durable goods Nondurable goods Services Structures 785.7 390.7 156.5 234. 2 316.5 78.6 857.4 422.9 170.4 252.5 347. 1 87.4 922.9 451.6 183.9 267.7 377.6 93.8 805.9 395.0 158.5 236.5 328. 4 82.5 832. 3 411.6 165.2 246.4 334.7 86.0 847.8 417.8 168.0 249. 8 343.1 86.8 867.6 429.0 173.1 255.9 352.2 86.3 882.1 433.3 175.3 258. 0 358.4 90.5 900. 2 440. 9 180.5 260.4 364. 8 94.5 915.9 448.8 182.7 266.1 372.3 94.8 931.2 454.9 184.8 270.1 383.0 93.3 944.5 461. 7 187.4 274.3 390.3 92.5 957.9 465.5 185.5 280.0 400.1 92.3 968.1 471. 8 188.5 283.3 405.8 90. 4 980.0 986.8 188.3 286. 0 413.2 92. 6 422. 2 8.2 4.7 3.5 7.6 5.7 2.0 8.5 6.4 2.1 10.0 6.1 3.9 2.6 2.5 .1 10.4 8.2 5.8 2.4 9.3 7.2 2.1 7.4 5.6 1.8 7.9 6.7 1.2 11.3 7.9 3.5 7.2 5.3 1.9 1.6 —.3 1.9 3.1 —1.9 5.0 5.5 5. 2 .3 Gross private domestic investment, total do Fixed investment do Nonresident ial ...do Structures - do Producers' durable equipment .do Residential structures do Nonfarm do_ __ Change in business inventories do. __ Nonfarm - - -do. __ Net exports of goods and services Exports Imports - . _ _ Change in business inventories Durable goods Nondurable goods do -do do do ._ do_ _ do do. . do. __ do do ..do. ._ . do _ _ 7.1 3.2 8.2 8.1 9.3 9.3 7.4 7.3 179. 0 4.1 GNP in constant (1958) dollars Gross national product, total t - Personal consumption expenditures, total 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 bil. $.. 675.2 707.2 727.1 683.6 693.5 705.4 712.6 717.5 722.1 726.1 730.9 729.2 723.8 724.9 727.4 721.3 do 430.1 452.3 467.7 434.3 445.0 448.4 457.7 458.1 463.3 467.1 468.7 471.7 474.0 478.1 479.6 477.1 do do do. . 72.9 190.2 167.0 81.4 196.5 174.4 84.9 201.2 181.6 74.0 190.3 169.9 78.1 195.5 171.3 80.2 194.9 173.2 83.9 197. 9 175.9 83.2 197.6 177.4 84.9 199.7 178.7 85.7 200.9 180.5 84.1 201.9 182.7 84.9 202.4 184.4 82.7 205.6 185.8 84.9 206.6 186.6 83.6 208. 2 187. 8 188. 8 do 101. 2 105.7 111.3 105.1 101.3 107.1 105.1 109.5 109.7 111.5 114.1 110.0 102.9 103.1 104.1 101.8 93.5 73.2 20.4 7.7 98.8 75.5 23.3 6.9 104.1 80.8 23.3 7.2 95.9 72.9 23.0 9.2 98.9 76.1 22.9 2.4 97.6 73.8 23.8 97.7 74.9 22.8 9.5 8.5 103.6 79.3 24.3 6.1 104.8 80.2 24.7 6.6 104. 2 81.9 22.3 9.9 103.9 82.1 21.8 6.1 101.5 80.9 20.7 1.3 100.1 80.2 20.0 2.9 99.6 79. 6 20. 0 4. 6 98.3 76. 6 21. 7 7.4 101.0 77.1 23.9 3. 6 .9 .2 2.1 .8 1.5 1.5 2 -.4 -.3 .8 .9 1.9 2.4 do do __do_ .. do do 146.4 142.2 148.3 147.8 140.2 Govt. purchases of goods and services, total, .do 77.5 75.5 75.7 78.7 74.7 Federal do 68.9 66.7 72.1 69.6 65.5 State and local do r Revised. v Preliminary. 1 Preliminary annual totals for 1970 for components shown in this column appear on pp. 9-12 of this issue of the SURVEY. t Revised series. Estimates of national income and product and personal income have been revised back to 1967 (see 77.1 3.1 1.9 140.6 66.2 74. 4 140.5 65.8 74. 7 141.3 145.0 146.6 147.3 147.9 149.5 150. 0 148.3 148.5 67.8 71.1 73.8 75.2 78.0 75.8 79.4 78.9 79.1 73.5 73.8 72.9 72.1 72.1 71.5 69.4 70.6 69.4 p. 17 ff. of the July 1970 SURVEY); revisions prior to May 1969 for personal income appear on p. 26 fl. of the July 1970 SURVEY. 9 Includes data not shown separately. s-1 SURVEY OF CURRENT 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 1968 Annual total I II January 1971 1969 III IV I II 1970 III IV I 1971 II III I IVP3 GENERAL BUSINESS INDICATORS—Quarterly Series—Continued NATIONAL INCOME AND PRODUCT— Con. Quarterly Data Seasonally Adjusted at Annual Rates National income, total f 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 706.1 722.2 735.2 749.3 764.0 779.5 785.2 791.5 797.4 806.6 564.2 495.3 507.6 520.9 532.5 544.9 557.5 572.2 582.1 592.2 596.4 603.8 606.8 464.8 369.1 17.9 77.8 49.3 64.1 49.1 15.0 21.3 509.0 404.9 19.0 85.1 55.1 66.8 50.5 16.4 22.0 447.9 356.0 17.3 74.7 47.4 62.9 48.5 14.4 21.3 458.9 364.7 17.6 76.6 48.7 63.8 49.2 14.6 21.3 471.0 373.4 18.6 79.0 49.9 64.4 49.2 15.3 21.3 481.4 382.5 18.2 80.7 51.1 65.2 49.4 15.8 21.3 491.6 391.5 18.1 81.9 53.3 66.0 49.9 16.2 21.6 502.9 401.2 18.4 83.4 54.6 66.7 50.5 16.2 22.0 516.4 409.9 19.9 86.6 55.8 67.5 50.9 16.6 22.1 525.3 417.2 19.6 88.5 56.8 67.2 50.6 16.6 22.3 534.4 422.6 °20. 1 "91.7 57.9 67.6 50.6 17.0 22.5 537.4 424.0 19.5 93.9 59.0 67.8 51.2 16.5 22.6 543.4 428.9 19.1 95.4 60.4 67.8 51.7 16.1 22.7 545.4 429.3 18.6 97.5 61.4 67.4 52.0 15.3 23.0 78.7 85.4 85.8 81.3 86.0 87.4 87.1 87.1 87.4 86.8 82.0 76.7 77.5 78.4 10.0 68.7 38.7 18.0 20.7 11.0 74.4 42.4 19.1 23.3 12.0 73.8 41.8 19.3 22.4 10.6 70.6 40.1 18.6 21.5 10.8 75.2 42.8 18.9 23.9 11.5 75.9 42.9 19.4 23.6 11.2 75.9 43.7 19.2 24.4 11.5 75.5 43.4 19.4 24.0 11.9 75.4 42.9 19.9 23.0 12.2 74.6 41.8 19.1 22.7 12.2 69.8 39.1 19.0 20.0 12.0 64.7 35.2 18.3 16.9 12.3 65.2 35.5 18.2 17.2 12 9 65.5 34.7 18.3 16.3 10.8 19.1 11.0 21.0 10.7 21.4 11.1 19.5 11.0 21.3 11.2 21.8 10.7 21.5 11.0 21.2 10.8 21.8 10.6 22.2 10.3 20.4 9.1 20.4 8.6 21.1 9.1 21.7 79.8 33.2 46.6 21.4 25.3 -1.1 24.4 88.7 40.6 48.2 23.3 24.9 -3.3 27.8 91.2 42.7 48.5 24.7 23.9 -5.4 30.7 86.7 39.8 46.9 22.3 24.7 -5.4 26.4 88.6 40.4 48.3 23.1 25.2 -2.6 27.3 88.4 40.4 48.0 23.8 24.2 2&2 91.3 41.7 49.6 24.1 25.5 -4.2 29.1 93.0 43.5 49.5 24.1 25.5 -5.9 29.7 93.4 43.8 49.7 24.4 25.2 -6.0 30.4 89.9 42.1 47.9 25.0 22.9 -3.2 31.0 88.5 41.4 47.1 25.2 21.9 -6.5 31.7 82.6 38.0 44.6 25.2 19.4 -5.8 32.4 82.0 38.1 43 9 25.1 18.8 -4.5 33.1 84.4 38.9 45.4 25.4 20.0 -5.9 33.8 -3.3 34.5 629.3 83.0 546.3 506.0 40.4 688.7 97.5 591.2 550.8 40.4 748.9 117.3 631.6 593.9 37.6 664.0 89.1 574.9 534.1 40.8 680.9 92.6 588.4 543.8 44.6 697.6 102.1 595.6 559.1 36.5 712.5 106.5 606.0 566.4 39.6 725.8 113.8 612.0 577.7 34.3 741.1 118.1 623.0 589.7 33.3 758.1 117.5 640.6 598.7 42.0 770.5 119.9 650.6 609.6 41.1 782.3 117.0 665.3 620.5 44.8 801.3 117.7 683.6 632.1 51.5 807.2 114.2 693.0 640.2 52.7 813.4 116.5 696.9 646.0 50.9 65.47 28.51 14.06 14.45 67.76 28.37 14.12 14.25 75.56 31.68 15.96 15.72 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 9.12 4.59 4.53 17.47 7.14 3.59 3.56 20.33 8.15 4.08 4.07 20.26 7.99 3.87 4.12 i 22. 52 8.98 4.37 4.61 i 18. 12 6.93 3.43 3.50 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 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 10.32 .45 .42 .73 .28 2.54 2.15 .39 2.14 3.76 12.18 .47 .47 .80 .31 3.28 2.59 .69 2.59 4.26 12.27 .46 .46 .74 .30 3.58 2.79 .78 2.56 4.16 13.54 .47 .49 .67 .34 3.93 3.32 .62 11.19 .44 .36 .50 .24 3.35 2.90 .45 514.1 do do do__. do do do do do do 423.1 337.3 16.2 69.5 44.2 62.1 47.3 14.8 21.1 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 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 :J All industries bil. $ Manufacturing do Durable goods industries 1 do Nondurable goods industries 1 - do Seas. adj. qtrly. totals at annual rates:t All industries Manufacturing Durable goods industries f Nondurable goods industries f 687.2 712.7 do 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 653.6 467.2 do do do do do do do do do do 769.5 Q 25.1 2 7.64 26.31 1 do do do do 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 14.52 73.94 31.16 15.98 15.18 77.84 33.05 16.53 16.52 77.84 32.39 15.88 16.50 78.22 32.44 16.40 16.05 80.22 32.43 16.32 16.11 81.88 32.15 15.74 16.40 i 81. 72 32.13 15.30 16.82 do do do do do do do do do do 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 45.78 1.92 1.74 2.94 1.37 12.14 9.77 2.37 9.14 16.52 47.79 1.84 1.88 2.88 1.12 12.72 10.15 2.57 10.38 16.98 49.73 1.86 1.96 3.24 1.22 13.84 11.34 2.50 10.62 17.00 49.60 1.81 1.76 2.72 1.27 14.36 11.91 2.45 49.91 1.86 1.56 2.03 1.15 15.92 13.21 2.72 2 27. 68 2 27. 38 11,932 7,946 302 1,765 1,919 12, 685 8,386 344 1,990 1,965 13, 295 8,878 393 2,000 2,024 12, 714 8,378 357 1,935 2,044 11, 948 7,472 391 2,089 1,996 14, 291 9,585 313 2,150 2,243 14, 565 9,581 458 2,286 2,240 14,712 9,835 352 2,314 2,211 15,342 10,228 258 2,499 2, 357 15,914 10, 705 432 2,302 2,475 pl5, 924 r> 10,678 p341 p 2, 407 p 2, 498 Imports of goods and services do -40.991 -48, 127 -53,566 -11,477 -11,832 Merchandise, adjusted, excl. military do -26, 821 -32, 964 -35,835 -7,820 -8, 132 Military expenditures do -4,378 -4, 535 -4,850 -1,103 -1,112 -2, 362 -2, 932 -4,463 Income on foreign investments in the U.S_.do -732 -677 Other services do -7,430 -7,696 -8, 418 -1,877 -1,856 Unilateral transfers, net (excl. military grants); transfers to foreigners (— ) mil $ -2. 970 -2.829 -2.835 -629 -675 r Revised. p Preliminary. 1 Estimates (corrected for systematic biases for Oct.— Dec. 1970 and Jan.— Mar. 1971 based on expected capital expenditures of business. Expected 2 expenditures for the year 1970 appear on p. 15 of the Dec. 1970 SURVEY. Includes communication. 3 See note 1 on p. S-l. tSee corresponding note on p. S-l. 9lncludes inventory valuation adjustment. {Revised series; explanation of revisions and annual quarterly data back to 1947 appear on pp. 25 ff. of the Jan. 1970 SURVEY; see also pp. 19 Digitized forand FRASER ff. of the Feb. 1970 SURVEY. ©Personal outlays comprise personal consumption expendi- -12, 444. -8,569 -1,147 -761 -1,967 -12, 374 -8, 443 -1,173 -762 -1,996 -11,618 -7, 576 -1,198 -905 -1,939 -13, 978 -9. 606 -1,187 -1,071 -2, 114 -13, 909 -9,263 -1,220 -1,240 -2, 186 -14,061 -9,390 -1,245 -1,247 -2, 179 -14,510 -9,723 -1,178 -1,348 -2,261 -14,810 -9,876 -1,255 -1,325 -2,354 p -14 ,903 p-9,958 p-1,214 p- 1,292 p-2,439 -768 -612 -812 -690 -721 -739 -721 p-752 Nonmanufacturing. _ . Mining Railroad Air transportation _ _ Other transportation Public utilities . Electric Gas and other Communication Commercial and other. U.S. BALANCE OF INTERNATIONAL PAYMENTScf Quarterly Data Are Seasonally Adjusted (Credits -f; 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 46, 204 30,681 1,239 6,872 7,412 50, 626 33, 588 1,396 7,690 7,952 55, 516 36, 473 1,514 8,839 8,690 -757 81. 40 31.49 15.70 15.79 tures, interest paid by consumers, and personal transfer payments to foreigners. §Personal saving is excess of disposable income over personal outlays, IfData for individual durable and nondurable goods industries components appear in the Mar., June, Sept., and Dec. issues of the SURVEY. c^More complete details are given in the quarterly reviews in the Mar., June, Sept., and Dec. issues of the SURVEY. "Includes the retroactive pay increase for Federal personnel.